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1
Solution : Vamshi Rubber Ltd 0.00% 2
Means of Finance
Equity Capital ( Promoters) 346.75
Term Loans 70% 590.24
Total Means of Finance 936.99
Supporting Calculations 0.00% 3
Contingency
Cost % Total
Buildings & civil Works (Incl Site Dev.) 113.0 5% 5.65
Plant & Mach ( 418.36+3.64) 422.0 10% 42.20
Misc Fixed Assets 167.00 5% 8.35
702.0 56.20
Operating Costs
- RM 614.4 716.8 819.2 819.2 819.2 0.0 0.0
- Packing Material 24.0 28.0 32.0 32.0 32.0
- Manufacturing, Admn & Other Exp. 125.8 147.2 168.6 169.9 171.2
PBDIT 171.8 200.0 228.2 226.9 226
- Dep (WDV) 157.6 123.0 96.6 76.3 61
- Preliminery Exp Written off 4.2 4.2 4.2 4.2 4.2
PBIT 10.0 72.8 127.5 146.4 161
- Int on TL 82.6 74.9 54.2 33.6 13
- Int on WC 16% 29.9 34.9 39.9 39.9 40
PBT -102.5 -37.0 33.3 72.9 108
- Income Tax 32.45% 0.0 0.0 0.0 0.0 35.0 0.0 0.0 0.0 0.0 0.0
PAT -102.5 -37.0 33.3 72.9 73
(MAT is Ignored)
Working Capital Requirements
Raw Material 1 51.20 59.7 68.3 68.3 68
Consumables 1 2.0 2.3 2.7 2.7 3
WIP 1 57.15 66.7 76.3 76.4 76
Finished Goods 1 60.9 71.1 81.3 81.4 81
Receivables 1 78.0 91.0 104.0 104.0 104
Cash 1 10.5 12.3 14.0 14.2 14
Total Working Capital Required 259.7 303.1 346.5 346.9 347
Bank Loan (Working capital i.e. cash credit) 75% 186.9 218.2 249.4 249.5 250
Owners margin 72.8 85.0 97.2 97.3 97
Depreciation WDV
Civil Structures 10% 12.895 11.6 10.4 9.4 8
Plant & Machinery 25% 125.7 94.3 70.7 53.0 40
Misc Fixed Assets 10% 19.1 17.2 15.4 13.9 13
SubTotal 157.6 123.0 96.6 76.3 60.7
Tax -102.5 -37.0 33.3 72.9 107.8 0.0 0.0 0.0 0.0 0.0
-102.5 -139.5 -106.1 -33.2 74.6 74.6 74.6 74.6 74.6 74.6
0 0 0 0 34.98605 0 0 0 0 0
Profitability & Returns 0.00%
0 1 2 3 4 5 6 7 8
Financial Results
Profitability
Gross Profit % 18.4% 18.3% 18.3% 18.2% 18.1%
Net Profits % -11.0% -3% 3% 6% 6%
ROE -42.0% -17.8% 13.9% 23.3% 18.8%
Liquidity
Current Ratio 1.707 1.34 1.25 1.27 1.23
Leverage
Debt Equity 2.42 2.14 1.23 0.47 0.00
0.00 0.00 0.00 0.00 0.00 0 0
Debt Service Coverage Ratio
PAT as per P& L a/c -102.5 -37.0 33.3 72.9 72.8
Add : Depreciation 157.6 123.0 96.6 76.3 60.7
Add : Prelim. Exp written off 4.2 4.2 4.2 4.2 4.2
Add : Term Loan Interest 82.6 74.9 54.2 33.6 12.9
Cash available for servicing loan (a) 141.9 165.1 188.3 187.0 150.7
Interest on Term Loan 82.6 74.9 54.2 33.6 12.9
Term loan repayments 0.0 147.6 147.6 147.6 147.6
Cash required for servining loan (b) 82.6 222.4 201.8 181.1 160.5
Annual DSCR [ (a) / (b) ] 1.7 0.7 0.9 1.0 0.9
Average DSCR 1.07
Minimum DSCR 0.74
8
9 10 Average
Appraisal of Risk 0.00%
20% 0%
10% 0%
-10.00% 0%
10% 0%
Moderate
Normal Low Favorable
adverse
5% 0% -2%
5% 0% 0%
-2% 0% 2%
2% 0% -2%
15% 70.0% 5%
100.0%