Fund Based Non Fund Based Working Capital Limits Banks Term Loans

Present Sanctioned limits
Banks
Allahabad bank
ICICI Bank
Barclays
Standard Chartered
OBC
Total
Working Capital Limits

Fund Based
Non Fund Based
20.00
10.00
34.00
6.00
28.00
15.00
15.00
50.00
11.00
147.00
42.00
Term Loans
29.00
38.00
67.00
Present Outstanding limits

Banks
Allahabad bank
ICICI Bank
Barclays
Standard Chartered
OBC
Total
Working Capital Limits

Fund Based
Non Fund Based
15.00
9.00
32.00
5.00
28.00
15.00
15.00
15.00
10.00
105.00
39.00
Term Loans
28.00
32.00
60.00
Repayment Schedule
Term Loan
OBC
OBC
OBC
Allahabad bank - TL-1
HSBC
OBC
ICICI BANK
Vehicle loan
Total
Repaid during the year
In Rs. Crore
Term Loan
OBC
OBC
OBC
HSBC
OBC
ICICI BANK
O/s
as
31.03.2009
on
O/s 30/12/2009
Jan,10
56,638,183.00
67,500,000.00
200,000,000.00
71,400,000.00
197,899,594.00
343,577,778
146,638,177
26,000,000
11,436,816
527,652,771
593,437,777
1666666
1250000
0
0
2,916,666
(65,785,006)
(6.58)
34.36
14.66
2.60
O/s 30/12/2009
5.66
6.75
20.00
7.14
19.79
-
Vehicle loan
Total
Repaid during the year
1.14
52.77
(6.58)
59.34
Total
59.00
40.00
28.00
30.00
99.00
256.00
Total
52.00
37.00
28.00
30.00
57.00
204.00
Feb, 10
Mar, 10
FY 10-11
1666666
1250000
1666666
1250000
0
14100000
10200000
0
17,016,666
Jan,10
13,116,666
Feb, 10
0.17
0.13
-
FY 11-12
19999992
15000000
72732000
40800000
56400000
204,931,992
Mar, 10
0.17
0.13
1.41
-
FY 12-13
19999992
15000000
72732000
20400000
56400000
184,531,992
FY 10-11
0.17
0.13
1.02
-
FY 13-14
11638201
15000000
54536000
0
56400000
137,574,201
FY 11-12
2.00
1.50
7.27
4.08
5.64
-
0
15000000
0
14599594
29,599,594
FY 12-13
2.00
1.50
7.27
2.04
5.64
-
1.16
1.50
5.45
5.64
-
0.29
1.70
1.31
20.49
18.45
13.76
FY 14-15
Check
0
3750000
0
0
3,750,000
FY 13-14
FY 14-15
1.50
1.46
-
Check
0.38
-
2.96
0.38
DETAILS COST OF PROJECT
Cost of project
Land & Land Development
Building
Plant & Machinery
Interior Cost
Misc. Fixed Assets
Contingencies
Total
1.73
Cost 2010
Rs. in Crore
27.00
25.00
51.75
1.06
5.19
110.00
Means of Finance
Promoter contribution
Internal Accurals
Term Loan
Total
50.00
10.00
50.00
110.00
Debt Equity Ratio :
0.83
Promoter Share
loan %
55%
45%
NAME OF THE UNIT:

Currency
As on 31st March
No. of Months
CURRENT LIABILITIES
Short-term borrowings from banks
(i.) From applicant banks
(ii.) From other banks
(iii) (of which BP & BD)
SUB TOTAL
Short term borrowings from others
Sundry Creditors for goods
Adv. payments rec. from customers
Provision for taxes
Dividend payable
Other statutory liabilities (due within 1 year)
Instalments of term loans / debentures etc.
(due within 1 year)
Other current liabilities & provisions
Interest Accrued but not due
Security deposits from Franchisee/distributors
Advance franchisee fees
Other current liabilities
SUB-TOTAL (B)
TOTAL CURRENT LIABILITIES
TERM LIABILITIES
Debentures (not maturing within 1 year)
Preference Shares (redeemable after 1 year)
Term loan bal. Repayable after one year
Defferd payments credits
Term deposits (car loan)
Other term liab.
TOTAL TERM LIABILITIES
TOTAL OUTSIDE LIABILITIES
NET WORTH
Ordinary Share Capital
General Reserve
Revaluation reserve
Other reserve
Balance in profit and loss a/c
Others (specify)
Security premium account
Capital reserve
Defferd Tax Liability
Quasi Equity
NET WORTH
TOTAL LIABILITIES
LIABILITIES STATEMENT
Lilliput Kidswear Limited
Rs.in crores
2007
2008
2009
2010
AUD.
AUD.
AUD.
ESTI.
12
12
12
12
2011
PROJ.
12
2012
PROJ.
12
2013
PROJ.
12
2014
PROJ.
12
26.28
31.36
97.16
62.00
85.00
62.00
85.00
62.00
85.00
62.00
85.00
62.00
85.00
26.28
24.63
0.09
5.07
31.36
15.00
29.40
0.25
2.79
97.16
35.39
0.14
3.50
147.00
13.42
0.18
-
147.00
17.44
0.23
-
147.00
22.67
0.30
-
147.00
29.48
0.40
-
147.00
38.32
0.51
-
3.46
0.02
1.21
0.36
1.87
4.67
2.34
0.59
1.75
(3.27)
6.74
0.11
3.09
0.64
2.90
20.49
3.67
35.12
8.22
22.09
11.32
2.96
12.72
0.38
14.55
2.00
0.67
1.00
4.00
0.71
3.52
6.00
0.74
4.57
6.00
0.78
5.94
6.00
0.82
7.73
33.25
59.53
52.11
83.47
42.50
139.66
37.76
184.76
61.02
208.02
56.38
203.38
45.56
192.56
53.76
200.76
2.26
8.63
56.21
60.55
25.43
3.33
0.38
0.00
2.26
61.79
8.63
92.11
56.21
195.87
60.55
245.31
25.43
233.45
3.33
206.72
0.38
192.93
0.00
200.76
7.13
0.66
7.87
7.18
7.87
23.42
57.87
37.52
97.87
63.16
97.87
92.40
97.87
144.64
97.87
218.06
6.42
16.24
14.10
25.64
29.25
52.24
73.42
99.86
45.95
73.24
73.24
73.24
73.24
73.24
73.24
73.24
0.19
0.82
2.46
2.88
4.11
4.83
4.11
3.49
60.35
122.14
105.35
197.46
121.09
316.97
197.15
442.46
267.63
501.07
320.59
527.31
393.28
586.22
492.52
693.28
Page 8 of 48
NAME OF THE UNIT:

Currency
As on 31st March
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT
Rs.in crores
2007
2008
2009
2010
2011
2012
AUD.
AUD.
AUD.
ESTI.
PROJ.
PROJ.
12
12
12
12
12
12
No. of Months
GROSS SALES
Domestic Sales
70.39
Exports
65.52
Other Service Income (Duty drawback/Export incentive 2.82
Total
138.73
Less excise duty
0.81
Net sales ( item 1 - item 2 )
137.93
% age rise (+) or fall (-) in net sales
Cost of Sales
Raw Material
83.49
Imported
14.89
Indigenous
68.61
Other Spares
0.19
Imported
Indegenous
0.19
Power and fuel
3.79
Direct Labour
21.23
Other mfg. Expenses
1.89
Depreciation
2.18
SUB TOTAL (I TO VI)
112.77
ADD: Opening SIP
2.87
Sub-total
115.64
Deduct : Closing SIP
5.88
Cost of Production
109.75
Add : Opening stock of finished goods
5.32
SUB-TOTAL
115.07
Deduct closing stock of finished goods
24.24
Sub-Total (Cost of sales)
90.83
Selling Gen.& admin.Exp.
31.83
SUB-TOTAL (5+6)
122.66
Op. profit before interest ( 3-7 )
15.26
Interest Term Loan
0.23
Interest working capital & Others
4.63
Sub-total (interest)
4.86
Op. profit after interest ( 8-9 )
10.40
Add other non-op. income
Misc
0.10
Interest income
0.71
foreign exchange flucation
Others( Export Incentive)
Sub-total (income)
0.81
Deduct other non-op.exp.
loss on sale of fixed assets
Exceptional item
foreign exchange flucation
0.30
Prior period Expenses
Sub-total (exp.)
0.30
Net of other non-operating income/expenses
0.51
Profit before tax/loss[10+11]
10.91
Provision for taxes
4.27
Deferred Tax Liability
0.22
Deferred Tax Asset
Net profit/loss ( 12-13 )
6.42
(a) Equity dividend paid-amt
(Already paid+ B.S. provision)
(b) Dividend Rate (%)
Retained profit ( 14-15 )
6.42
Retained profit/Net profit (% age)
100.00
2013
PROJ.
12
2014
PROJ.
12
2015
PROJ.
12
140.46
123.36
6.60
270.43
270.43
96.07
210.22
98.50
5.91
314.63
314.63
16.34
267.00
127.00
6.35
400.35
400.35
27.25
347.10
165.10
8.26
520.46
520.46
30.00
451.23
214.63
10.73
676.59
676.59
30.00
586.60
279.02
13.95
879.57
879.57
30.00
762.58
362.72
18.14
1,143.44
1,143.44
30.00
991.35
471.54
23.58
1,486.47
1,486.47
30.00
121.44
8.37
113.07
0.01
128.28
5.35
122.93
0.32
163.23
6.81
156.43
0.41
212.21
8.85
203.35
0.53
275.87
11.51
264.36
0.69
358.63
14.96
343.67
0.89
466.21
19.45
446.77
1.16
606.08
25.28
580.80
1.51
0.01
6.42
40.30
3.37
3.59
175.13
5.88
181.01
8.06
172.95
24.24
197.19
38.58
158.61
75.64
234.25
36.18
0.72
8.25
8.97
27.21
0.32
7.35
57.28
4.05
7.43
204.71
8.06
212.76
6.33
206.43
38.58
245.02
66.69
178.32
101.32
279.64
34.98
0.31
16.61
16.92
18.07
0.41
9.35
71.39
5.15
6.75
256.28
6.33
262.61
8.05
254.56
66.69
321.25
84.87
236.39
112.10
348.49
51.86
6.94
7.13
14.07
37.80
0.53
12.16
92.20
6.69
10.41
334.19
8.05
342.24
10.46
331.78
84.87
416.65
99.29
317.35
145.73
463.08
57.38
6.18
7.13
13.31
44.07
0.69
15.81
119.86
8.70
10.65
431.57
10.46
442.03
13.60
428.43
99.29
527.72
129.08
398.64
189.45
588.09
88.50
2.32
7.13
9.45
79.05
0.89
20.55
155.82
11.31
10.10
557.30
13.60
570.90
17.69
553.21
129.08
682.30
167.81
514.49
246.28
760.77
118.80
0.40
7.13
7.53
111.27
1.16
26.71
202.57
14.70
9.58
720.94
17.69
738.62
22.99
715.63
167.81
883.44
218.15
665.29
320.16
985.45
157.99
0.05
7.13
7.18
150.81
1.51
34.73
263.34
19.11
9.09
933.85
22.99
956.85
29.89
926.96
218.15
1,145.10
283.59
861.51
416.21
1,277.72
208.75
7.13
7.13
201.62
0.09
0.12
0.21
0.20
1.04
3.71
4.94
1.60
1.60
0.80
0.80
0.64
0.64
0.01
0.29
1.07
0.10
1.48
(1.27)
25.94
9.08
0.63
16.24
0.26
0.26
4.68
22.75
7.00
1.64
14.10
1.60
39.40
10.88
2.88
0.80
44.87
11.51
4.11
0.64
79.69
22.63
4.83
111.27
33.74
4.11
150.81
47.46
3.49
201.62
64.92
2.96
25.64
29.25
52.24
73.42
99.86
133.74
14.10
100.00
25.64
100.00
29.25
100.00
52.24
100.00
73.42
100.00
99.86
100.00
133.74
100.00
16.24
100.00
Page 9 of 48
NAME OF THE UNIT:

Currency
As on 31st March
No. of Months
CURRENT ASSETS
Cash and bank balances
Investment (other than long term investment)
(i) Govt. and other trustee securities
(ii) Fixed Deposits with banks
Sundry Debtors
(i) Domestic Receivables ( including bills
purchased and discounted)
(ii) Export Receivables ( including bills purchased
and discounted)
Instalments of deferred receiv.(due with in 1 yr.)
Inventory:
(i)Raw Material
(a) Imported
(b) Indigenous
(ii) Stock-In-Process
(iii) Finished goods
(iv) Other Consum. Stores and spares
(a) Imported
(b) Indigenous
Adv. to suppliers of raw mat.& stores and spares
ASSET STATEMENT
Rs.in crores
2007
2008
2009
AUD.
AUD.
AUD.
12
12
12
2010
ESTI.
12
2,011
PROJ.
12
2012
PROJ.
12
2013
PROJ.
12
2014
PROJ.
12
2.04
23.78
0.10
23.68
1.55
20.11
0.11
20.00
1.49
13.69
0.11
13.58
46.50
20.11
0.11
20.00
14.70
10.11
0.11
10.00
0.91
8.11
0.11
8.00
0.74
0.11
0.11
-
9.74
0.11
0.11
-
12.62
17.40
29.38
51.21
61.81
74.17
96.43
125.36
11.65
15.43
13.83
24.36
29.40
35.28
45.87
59.63
37.94
7.81
1.95
5.86
5.88
24.24
0.01
60.75
13.79
1.38
12.41
8.06
38.58
0.32
86.74
13.23
1.06
12.17
6.33
66.69
0.49
109.17
16.12
1.12
15.00
8.05
84.87
0.13
130.89
20.95
1.46
19.50
10.46
99.29
0.17
166.53
23.62
1.89
21.73
13.60
129.08
0.23
216.49
30.71
2.46
28.25
17.69
167.81
0.29
277.76
36.25
3.20
33.05
22.99
218.15
0.38
0.01
1.03
0.32
-
0.49
-
0.13
-
0.17
-
0.23
-
0.29
-
0.38
-
9.63
3.81
5.82
15.86
2.83
0.37
2.25
10.09
21.27
6.11
0.44
0.93
13.47
21.37
6.50
10.66
7.15
9.45
5.79
3.83
-
7.51
4.00
1.03
13.50
1.13
2.00
1.24
2.00
1.36
2.00
1.00
2.00
Adv. payment of taxes

Other Current assets (Specify major items)
Amount recov. In cash or kind
Interest accrued on deposits
Balances with Customs
Security Deposits
Other current assest (Share App. Money pending
allotment
TOTAL CURRENT ASSETS
0.31
0.31
0.35
0.38
0.42
0.46
0.51
98.69
131.09
166.40
272.71
257.57
294.46
363.46
480.11
FIXED ASSETS
Gross Block
Add : Capital Work in Progress
Total
Less: Accumulated Depreciation
NET BLOCK
22.48
3.10
25.58
2.75
22.83
43.59
22.92
66.51
6.32
60.18
114.75
48.52
163.27
13.68
149.58
189.21
189.21
20.43
168.78
273.47
273.47
30.84
242.63
273.47
273.47
41.49
231.98
273.47
273.47
51.59
221.89
273.47
273.47
61.17
212.31
0.63
6.19
0.99
0.97
0.87
0.87
0.87
0.87
0.19
0.19
0.19
0.19
0.19
0.19
0.19
0.63
0.63
-
5.99
2.51
3.48
0.80
0.12
0.67
0.77
0.10
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.63
6.19
0.99
0.97
0.87
0.87
0.87
0.87
122.14
197.46
316.97
442.46
501.07
527.31
586.22
693.28
OTHER NON-CUR.ASSET
(i) Exposure in group companies
a) Investmt.in subsidiaryCo./affiliates
b) Advances
(ii) Cap Subsidy Rec. cap.goods & contractors
(iii)Def.receivables (maturity exceeding one year)
(iv) Others:
a) Debtors> 6 months
b) Fixed deposit (under lein)
c) Deffered Tax Assets
d) Security Deposit with govt. dept.
Non-consumables stores & spares
Dues from directors / partners / promoters
TOTAL OTHER NON-CURR. ASSETS
Intangible assets (patents, goodwill, prelim.exp.,
bad/ doubtful exp.not provided for etc)
TOTAL ASSETS(34+37+41+42)
Total Tangible Assets
Investment in Associates
122.14
197.46
316.97
442.46
501.07
527.31
586.22
693.28
0.00
0.19
0.19
0.19
0.19
0.19
0.19
0.19
Page 10 of 48
VALID STATEMENT
NAME OF THE UNIT:
As on 31st March
If ASSETS are equal to LIABILITIES
Balance Sheet Total ASSETS
Balance Sheet Total LIABILITIES
Diff Assets- liabilities
Is Balance Sheet SIP Closing stock
2007
2008
2009
2010
2011
AUD. AUD. AUD. ESTI. PROJ.
Y
N
N
N
Y
122.14 197.46 316.97 442.46 501.07
122.14 197.46 316.97 442.46 501.07
0.00
0.00
0.00
0.00 0.00
Y
Y
Y
Y
Y
Rs.in crores
2012
2013
PROJ.
PROJ.
Y
Y
527.31
586.22
527.31
586.22
0.00
0.00
Y
Y
2014
PROJ.
Y
693.28
693.28
0.00
Y
Equal to OP-Stmt. SIP Closing Stock

SIP Closing Stock :Asset Staement.
SIP Closing Stock : Operating Stmt.
Is Balance Sheet FG Closing stock
5.88
5.88
Y
8.06
8.06
Y
6.33
6.33
Y
8.05
8.05
Y
10.46
10.46
Y
13.60
13.60
Y
17.69
17.69
Y
22.99
22.99
Y
24.24
24.24
38.58
38.58
N
66.69
66.69
N
84.87
84.87
Y
99.29
99.29
Y
129.08
129.08
Y
167.81
167.81
Y
218.15
218.15
Y
3.57
7.36
6.75 10.41
3.59
7.43
6.75 10.41
-0.02
-0.07
0.00 0.00
6.42 16.24 14.10 25.64 29.25
0.00
0.00
0.00
0.00 0.00
159.86 286.94 341.01 420.24 537.30
10.65
10.65
0.00
52.24
0.00
709.52
10.10
10.10
0.00
73.42
0.00
922.37
9.58
9.58
0.00
99.86
0.00
1199.09
38.88
0.10
2.23
16.89
1.23
60.38
58.92
97.47
Y
0.00
-35.12
Y
62.88
35.12
1.79
38.88
0.10
2.23
16.89
1.23
59.98
58.49
128.50
Y
0.00
-22.09
Y
83.52
22.09
3.78
38.88
0.10
2.23
16.89
1.23
59.68
58.18
167.52
Y
0.00
-2.96
Y
109.44
2.96
36.97
Equal to OP-Stmt. FG Closing Stock

FG Closing Stock : Asst. Stmt.
FG Closing Stock : OP. Statement
Is Balance Sheet Depreciation
Equal to OP-Stmt. Depreciation
Balance Sheet Depreciation
Operating profit depreciation
Diff
PROFIT AFTER TAX
Dividend
Adj. Sales = Net Sales+Increase
in FG & SIP
RM/ Adj. Sales (%)
Spares/ Adj. Sales (%)
Power & Fuel/ Adj. Sales(%)
Labour/ Adj. Sales (%)
Other Mfg Exp./Adj. Sales (%)
Cost of Prod./ Adj. Sales(%)
Cost of sales / Sale (%)
PBDIT
Is FAs Additions>TLs raised
Increase in FA
Increase in TL
If Cash Accrual>TL Installment
Cash Accrual
TL installment
Net DSCR
52.23
0.12
2.37
13.28
1.18
68.65
65.85
17.72
42.32
0.00
2.24
14.04
1.17
60.27
58.65
37.78
Y
21.11
6.37
Y
19.84
0.00
37.62
0.09
2.16
16.80
1.19
60.54
56.68
46.79
Y
71.16
44.30
Y
21.79
0.00
38.84 39.49
0.10 0.10
2.23 2.26
16.99 17.16
1.22 1.25
60.57 61.75
59.05 60.98
53.28 62.40
Y
Y
74.46 84.26
28.10 -20.49
Y
Y
32.39 39.65
-3.27 20.49
-9.89 1.93
Page 11 of 48
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

First Method of Lending
2,009
AUD.
2,010
ESTI.
2,011
PROJ.
2,012
PROJ.
2,013
PROJ.
2,014
PROJ.
166.40
42.50
272.71
37.76
257.57
61.02
294.46
56.38
363.46
45.56
480.11
53.76
123.90
27.52
234.95
52.65
196.55
41.79
238.07
50.70
317.91
68.01
426.35
91.68
26.74
87.95
49.55
91.07
170.91
279.35
96.38
97.16
182.30
147.00
154.77
147.00
187.38
147.00
249.90
147.00
334.67
147.00
96.38
147.00
147.00
147.00
147.00
147.00
166.40
42.50
272.71
37.76
257.57
61.02
294.46
56.38
363.46
45.56
480.11
53.76
123.90
38.14
234.95
62.09
196.55
57.04
238.07
64.79
317.91
79.40
426.35
105.12
26.74
87.95
49.55
91.07
170.91
279.35
85.76
97.16
172.86
147.00
139.51
147.00
173.28
147.00
238.51
147.00
321.23
147.00
(item-6 or 7, whichever is lower)
85.76
147.00
139.51
147.00
147.00
147.00
9. Excess borrowings representing

shortfall in NWC (4 - 5)
11.41
1. Total Current Assets

2. Other Current Liabilities (other than
bank borrowings
3. Working Capital Gap (WCG) (1-2)
4. Min. stipulated net working capital:
(25% of WCG excluding export receivables)
5. Actual / Projected net working capital
6. Item-3 minus Item-4
8. Max. permissible bank finance
(item-6 or 7, whichever is lower)
9. Excess borrowings representing

shortfall in NWC (4 - 5)
Second Method of Lending
1. Total Current Assets
2. Other Current Liabilities (other than
bank borrowings
3. Working Capital Gap (WCG) (1-2)
4. Min. stipulated net working capital:
(25% of total Current Assets excluding
export receivables)
5. Actual / Projected net working capital
8. Max. permissible bank finance
0.78
7.49
Page 12
INVENTORY & RECEIVABLES HOLDINNG LEVELS
NAME OF THE UNIT:

Rs.in crores
As on 31st March Previous Review Of

Sanction
Accounts
Raw Material : a) Indigenous

b) Imported
Stock in Process
Finished Goods
Other Spares : a) Indigenous
2007
AUD.
2008
AUD.
2009
AUD.
2010
ESTI.
2011
PROJ.
2012
PROJ.
2013
PROJ.
2014
PROJ.
5.86
12.41
12.17
15.00
19.50
21.73
28.25
1.03
1.32
1.19
1.15
1.15
0.99
0.99
33.05
0.89
1.95
1.38
1.06
1.12
1.46
1.89
2.46
3.20
1.57
1.98
2.37
1.97
1.97
1.97
1.97
1.97
5.88
8.06
6.33
8.05
10.46
13.60
17.69
22.99
0.64
0.56
0.37
0.38
0.38
0.38
0.38
0.39
24.24
38.58
66.69
84.87
99.29
129.08
167.81
218.15
3.20
2.92
4.49
4.31
3.75
3.89
3.91
3.93
0.01
0.32
0.49
0.13
0.17
0.23
0.29
0.38
0.33
730.64
18.39
3.95
3.95
3.95
3.95
3.95
b) Imported
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Receivables : a) Domestic
12.62
17.40
29.38
51.21
61.81
74.17
96.43
125.36
2.15
1.49
1.68
2.30
2.14
1.97
1.97
1.97
11.65
15.43
13.83
24.36
29.40
35.28
45.87
59.63
b) Export
2.13
1.50
1.68
2.30
2.14
1.97
1.97
1.97
Receivables
24.27
32.83
43.21
75.56
91.21
109.46
142.29
184.98
2.10
1.46
1.65
2.26
2.10
1.94
1.94
1.94
S. Creditors
24.63
29.40
35.39
13.42
17.44
22.67
29.48
38.32
3.54
2.77
3.32
0.97
0.96
0.98
0.97
0.97
Other Creditors
Other Current Assets
8.62
36.48
22.71
37.51
7.11
36.45
24.35
87.98
43.58
35.47
33.71
18.47
16.08
4.68
15.44
17.36
(Figures in italics represents holding period in months.)
Page 13 of 48
DEBT SERVICE COVERAGE RATIO
NAME OF THE UNIT:

Rs.in crores
As on 31st March
Sources
Net Profit
Depreciation
P&P Written Off
Cash Accrual
Less: Int accrual used as equity
Net Cash Accrual
TL Interest
Misc.TL Int
Total Sources
Obligations
TL Installment
TL Interest
Misc.TL Int
Total Uses
Gross DSCR
Average GDSCR*
Average Net DSCR*
2007
AUD.
2008
AUD.
2009
AUD.
2010
ESTI.
2011
PROJ.
2012
PROJ.
2013
PROJ.
2014
PROJ.
TOTAL
6.42
2.18
0.00
8.60
16.24
3.59
0.01
19.84
14.10
7.43
0.26
21.79
25.64
6.75
0.00
32.39
29.25
10.41
0.00
39.65
52.24
10.65
0.00
62.88
73.42
10.10
0.00
83.52
99.86
9.58
0.00
109.44
254.76
40.73
0.00
295.49
8.60
0.23
19.84
0.72
21.79
0.31
32.39
6.94
39.65
6.18
62.88
2.32
83.52
0.40
109.44
0.05
295.49
8.94
8.82
20.56
22.10
39.32
45.83
65.20
83.92
109.48
304.44
0.00
0.23
0.00
0.23
0.00
0.72
0.00
0.72
-3.27
0.31
0.00
-2.97
20.49
6.94
0.00
27.43
35.12
6.18
0.00
41.30
22.09
2.32
0.00
24.41
2.96
0.40
0.00
3.36
0.38
0.05
0.00
0.42
60.55
8.94
0.00
69.49
39.08
28.43
-7.45
1.43
1.11
2.67
24.97
4.38
4.88
260.60
4.38
Page 14 of 48
PERFORMANCE AND FINANCIAL INDICATORS
NAME OF THE UNIT:
As on 31st March
Domestic Sales
Export sales
Net Sales
2007
AUD.
70.39
65.52
137.93
% rise/fall (-) in net sales
2008
AUD.
140.46
123.36
270.43
2009
AUD.
210.22
98.50
314.63
2010
ESTI.
267.00
127.00
400.35
2011
PROJ.
347.10
165.10
520.46
Rs.in crores
2012
PROJ.
451.23
214.63
676.59
2013
PROJ.
586.60
279.02
879.57
2014
PROJ.
762.58
362.72
1143.44
96.07
16.34
27.25
30.00
30.00
30.00
30.00
Operating Profit
10.40
27.21
18.07
37.80
44.07
79.05
111.27
150.81
Profit Before tax
10.91
25.94
22.75
39.40
44.87
79.69
111.27
150.81
PBT/ Sales (%)
7.91
9.59
7.23
9.84
8.62
11.78
12.65
13.19
Profit After Tax
6.42
16.24
14.10
25.64
29.25
52.24
73.42
99.86
Cash Accrual
8.60
19.84
21.79
32.39
39.65
62.88
83.52
109.44
17.72
37.78
46.79
53.28
62.40
97.47
128.50
167.52
7.13
7.87
7.87
57.87
97.87
97.87
97.87
97.87
60.35
105.35
121.09
197.15
267.63
320.59
393.28
492.52
PBDIT
Paid Up Capital
TNW
TOL/TNW (times)
1.02
0.87
1.62
1.24
0.87
0.64
0.49
0.41
60.35
105.16
120.90
196.95
267.43
320.39
393.09
492.33
Adjusted TOL/TNW
1.02
0.88
1.62
1.25
0.87
0.65
0.49
0.41
Current Ratio
1.66
1.57
1.19
1.48
1.24
1.45
1.89
2.39
Current Ratio (w/o TL

instalments)
NWC
1.66
1.57
1.16
1.66
1.49
1.62
1.92
2.40
39.16
47.62
26.74
87.95
49.55
91.07
170.91
279.35
Adjusted TNW
Figures in Italics represents estimates taken at the time of the last renewal.
Page 15 of 48
PERFORMANCE AND FINANCIAL INDICATORS
NAME OF THE UNIT:

OTHER RATIOS
Operating Cost/ sales %
Net Sales /TTA (times)
PBDIT
92.46
89.94
94.26
90.56
91.53
88.32
87.35
1.13
1.37
0.99
0.90
1.04
1.28
1.50
86.81
1.65
17.72
37.78
46.79
53.28
62.40
97.47
128.50
167.52
2007
AUD.
1.13
2008
AUD.
1.37
2009
AUD.
0.99
2010
ESTI.
0.90
EFFICIENCY RATIOS
Net Sales/ Total Tangible

Assets (times)
PBT/ Total Tangible Assets (%)
2011
PROJ.
1.04
2012
PROJ.
1.28
2013
PROJ.
1.50
2014
PROJ.
1.65
8.93
13.14
7.18
8.90
8.95
15.11
18.98
21.75
Operating Cost to sales (%)
92.29
89.67
94.16
88.83
90.35
87.97
87.30
86.81
Bank Finance/ Ct. Assets (%)
26.62
23.92
58.39
53.90
57.07
49.92
40.44
30.62
226
167
176
203
188
178
178
177
Inv./Net Sales + Rec./ Gross Sales (days)
Figures in Italics represents estimates taken at the time of the last renewal.
PBDIT
17.72
37.78
46.79
53.28
62.40
97.47
128.50
167.52
RISK RATING RELATED RATIOS

Current Ratio
TOL/TNW (times)
PBDIT/Interest (times)
PAT/Net Sales (%)
ROCE (%) (PBDIT/TA)
Inv./Net Sales + Rec./ Gross Sales (days)
1.66
1.02
3.82
4.65
14.51
226
1.57
0.87
4.58
6.00
19.13
167
1.19
1.62
2.82
4.48
14.76
176
1.48
1.24
7.47
6.40
12.04
203
1.24
0.87
8.75
5.62
12.45
188
1.45
0.64
13.67
7.72
18.48
178
1.89
0.49
18.02
8.35
21.92
178
2.39
0.41
23.50
8.73
24.16
177
Page 16 of 48
INCOME TAX ACT - WDV Method

Land
Opening balance
Addition during the year
Total
Depreciation
Closing balance
Building
Opening balance
Total
Depreciation
Closing balance
Plant & Machinery
Opening balance
Total
Depreciation
Closing balance
Furniture & Fixture
Opening balance
Total
Depreciation
Closing balance
Vehicle
Opening balance
Total
Depreciation
Closing balance
Computer
Opening balance
Total
Depreciation
Closing balance
Rate
0%
10%
15%
10%
15%
60%
TOTAL WDV DEP. (as per I.Tax )

Opening balance
Total
Depreciation
Closing balance
COMPANIES ACT - WDV

Land
Rate
2007
AUD.
2008
AUD.
2009
AUD.
2010
ESTI.
6.66
8.55
15.22
15.22
15.22
15.22
15.22
1.20
24.28
25.48
1.33
24.14
24.14
23.84
47.98
3.61
44.37
15.03
23.10
38.13
3.99
34.14
34.14
18.78
52.93
6.53
46.40
17.53
13.83
31.36
2.44
28.91
28.91
30.78
59.70
4.43
55.27
2.22
1.11
3.33
0.42
2.91
2.91
0.20
3.11
0.45
2.66
0.95
0.95
0.07
0.88
0.88
0.86
1.74
0.20
1.54
42.64
71.82
114.46
8.25
106.21
106.21
74.46
180.67
15.22
165.46
2007
AUD.
2008
AUD.
2009
AUD.
2010
ESTI.
Gross Block
Total
Accu. Depreciation
Current Depn.
Net Block
Building
Gross Block
Total
Accu. Depreciation
Current Depn.
Net Block
Plant & Machinery
Gross Block
Total
Accu. Depreciation
Current Depn.
Net Block
Furniture & Fixture
Gross Block
Total
Accu. Depreciation
Current Depn.
Net Block
Vehicle
Gross Block
Total
Accu. Depreciation
Current Depn.
Net Block
Computer
Gross Block
Total
Accu. Depreciation
Current Depn.
Net Block
0.00%
3.34%
7.42%
6.33%
9.50%
16.21%
TOTAL DEPRECIATION - As per Companies Act

Gross Block
Total
Accu. Depreciation
Current Depn.
Net Block
Tax Calculation
Tax rate
6.66
8.55
15.22
15.22
15.22
15.22
15.22
1.20
24.28
25.48
0.09
0.56
24.82
25.48
23.84
49.31
0.65
1.23
47.43
15.03
23.10
38.13
2.43
2.43
33.27
38.13
18.78
56.92
4.86
2.63
49.43
17.53
13.83
31.36
3.37
3.89
24.10
31.36
30.78
62.14
7.26
2.50
52.38
2.22
1.11
3.33
0.36
0.29
2.68
3.33
0.20
3.53
0.65
0.26
2.62
0.95
0.29
1.24
0.08
0.18
0.97
1.24
0.86
2.10
0.26
0.13
1.70
43.59
71.16
114.75
6.32
7.36
101.07
114.75
74.46
189.21
13.68
6.75
168.78
2007
AUD.
2008
AUD.
2009
AUD.
2010
ESTI.
Profit Before Tax
10.91
22.75
39.40
Add : Depreciation (WDV - Companies Act)
7.36
6.75
Less : Depreciation (WDV - Income Tax)
8.25
15.22
Sub Total:
25.94
10.91
25.94
21.85
30.94
Loss Adjusted
Taxable Profit
10.91
25.94
21.85
30.94
7.43
0.37
10.51
0.37
TAX DUE
7.80
10.88
Calculation of Deferred Tax

Difference in Depreciation Co. & IT Act.
Deferred Tax (-) Liability / Assets
(0.90)
(0.30)
(8.46)
(2.88)
Tax Payable @
Effective Rate
Fringe Benefit
33.99%
Rs.in crores
2011
2012
PROJ.
PROJ.
2013
PROJ.
2014
PROJ.
2015
PROJ.
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
44.37
24.30
68.67
5.65
63.02
63.02
63.02
6.30
56.72
56.72
56.72
5.67
51.05
51.05
51.05
5.10
45.94
45.94
45.94
4.59
41.35
46.40
22.50
68.90
8.65
60.25
60.25
60.25
9.04
51.21
51.21
51.21
7.68
43.53
43.53
43.53
6.53
37.00
37.00
37.00
5.55
31.45
55.27
37.25
92.52
7.39
85.13
85.13
85.13
8.51
76.61
76.61
76.61
7.66
68.95
68.95
68.95
6.90
62.06
62.06
62.06
6.21
55.85
2.66
0.21
2.87
0.41
2.46
2.46
2.46
0.37
2.09
2.09
2.09
0.31
1.77
1.77
1.77
0.27
1.51
1.51
1.51
0.23
1.28
1.54
2.10
3.64
0.39
3.25
3.25
2.10
5.35
0.65
4.71
4.71
2.10
6.81
0.86
5.94
5.94
2.10
8.04
1.05
6.99
6.99
2.10
9.09
1.21
7.89
165.46
86.36
251.82
22.49
229.32
229.32
2.10
231.42
24.87
206.56
206.56
2.10
208.66
22.19
186.46
186.46
2.10
188.56
19.84
168.72
168.72
2.10
170.82
17.78
153.03
2011
PROJ.
Rs.in crores
2012
PROJ.
2013
PROJ.
2014
PROJ.
2015
PROJ.
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
15.22
49.31
24.30
73.61
1.88
1.99
69.74
73.61
73.61
3.87
2.33
67.41
73.61
73.61
6.20
2.25
65.16
73.61
73.61
8.45
2.18
62.99
73.61
73.61
10.63
2.10
60.88
56.92
22.50
79.42
7.49
3.50
68.43
79.42
79.42
10.99
2.54
65.89
79.42
79.42
13.53
2.44
63.44
79.42
79.42
15.97
2.35
61.09
79.42
79.42
18.33
2.27
58.82
62.14
37.25
99.39
9.76
4.49
85.14
99.39
99.39
14.25
5.39
79.75
99.39
99.39
19.64
5.05
74.70
99.39
99.39
24.69
4.73
69.97
99.39
99.39
29.42
4.43
65.54
3.53
0.21
3.74
0.91
0.26
2.57
3.74
3.74
1.17
0.24
2.32
3.74
3.74
1.42
0.22
2.10
3.74
3.74
1.64
0.20
1.90
3.74
3.74
1.84
0.18
1.72
2.10
2.10
0.40
0.16
1.54
2.10
2.10
0.56
0.15
1.39
2.10
2.10
0.71
0.13
1.26
2.10
2.10
0.84
0.12
1.14
2.10
2.10
0.96
0.11
1.03
189.21
84.26
273.47
20.43
10.41
242.63
273.47
273.47
30.84
10.65
231.98
273.47
273.47
41.49
10.10
221.89
273.47
273.47
51.59
9.58
212.31
273.47
273.47
61.17
9.09
203.22
2013
PROJ.
2014
PROJ.
2015
PROJ.
Rs.in crores
2011
2012
PROJ.
PROJ.
WIP as on FY 2009
Building
P&M
F&F
Total
48.517393
40% 19.406957
30% 14.555218
30% 14.555218
48.517393
44.87
79.69
111.27
150.81
201.62
10.41
10.65
10.10
9.58
9.09
22.49
24.87
22.19
19.84
17.78
32.78
65.48
99.17
140.55
192.92
1.00
2.00
3.00
32.78
65.48
98.17
138.55
189.92
11.14
0.37
22.26
0.37
33.37
0.37
47.09
0.37
64.55
0.37
11.51
22.63
33.74
47.46
64.92
(12.08)
(4.11)
(14.22)
(4.83)
(12.09)
(4.11)
(10.27)
(3.49)
(8.69)
(2.96)
#677
Loan Amount Rs
25.00
Rate of Interest
1.39
4.17
11.00%
Date
4/1/2009
5/1/2009
6/1/2009
7/1/2009
8/1/2009
9/1/2009
10/1/2009
11/1/2009
12/1/2009
1/1/2010
2/1/2010
3/1/2010
4/1/2010
5/1/2010
6/1/2010
7/1/2010
8/1/2010
9/1/2010
10/1/2010
11/1/2010
12/1/2010
1/1/2011
2/1/2011
3/1/2011
Amount
Install
Bal
Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25.00
25.00
0.21
25.00
1.39
23.61
0.23
23.61
1.39
22.22
0.21
22.22
1.39
20.83
0.21
20.83
1.39
19.44
0.19
19.44
1.39
18.05
0.18
18.05
1.39
16.66
0.17
16.66
1.39
15.27
0.15
15.27
1.39
13.88
0.14
13.88
1.39
12.49
0.13
12.49
1.39
11.10
0.12
11.10
1.39
9.71
0.10
9.71
1.39
8.32
0.08
0.00
0.21
1.91
4/1/2011
5/1/2011
6/1/2011
7/1/2011
8/1/2011
9/1/2011
10/1/2011
11/1/2011
12/1/2011
1/1/2012
2/1/2012
3/1/2012
8.32
6.93
5.54
4.15
2.76
1.37
0.00
0.00
0.00
0.00
0.00
0.00
4/1/2012
5/1/2012
6/1/2012
7/1/2012
8/1/2012
9/1/2012
10/1/2012
11/1/2012
12/1/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/1/2013
7/1/2013
8/1/2013
9/1/2013
10/1/2013
11/1/2013
12/1/2013
1/1/2014
2/1/2014
3/1/2014
1.39
1.39
1.39
1.39
1.39
1.37
6.93
5.54
4.15
2.76
1.37
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.08
0.06
0.05
0.04
0.03
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.27
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Repayment Schedule of Short Term Loan

FY 09
FY 10
QTR- I
QTR- II
QTR- III
QTR- IV
-
FY 11
4.17
4.17
4.17 4.17 -
Total
FY 09
52.77
(3.27)
56.04
6.33
Fresh Short Term Loan

Repayment
O/s
Interest
Existing Loan
Repayment
O/s
Interest
FY 12
4.17
4.17
FY 13
FY 14
-
TOTAL
8.33
8.33
4.17
4.17
16.67
8.33
25.00
FY 10
25.00
25.00
0.21
FY 11
25.00
16.67
8.33
1.91
FY 12
8.33
8.33
0.27
FY 13
0.00
FY 14
0.00
FY 10
56.04
20.49
35.55
6.72
FY 11
35.55
18.45
17.09
4.27
FY 12
17.09
13.76
3.33
2.05
FY 13
3.33
2.96
0.38
0.40
FY 14
0.38
0.38
0.00
0.05
LILLIPUT KIDSWEAR LIMITED

ASSUMPTIONS SHEET
Note-All figures are in Rs Million
PARTICULARS
2007A
2008A
2009A
2010E
2011E
2012E
2013E
2014E
50.00
-
40.00
-
2.60
3.30
1.71
2.46
-
10.77
4.08
5.64
-
10.77
2.04
5.64
8.12
5.64
1.50
1.46
Interest rate on Term Loans

---Term Loan from ICICI
---Term Loan from OBC
---Term Loan from Allahabad Bank (Tranche 1)
---Term Loan from Allahabad Bank (Tranche 2)
12.0%
12.3%
12.3%
12.0%
12.3%
12.3%
12.0%
12.3%
12.3%
12.0%
12.3%
12.3%
12.0%
12.3%
12.3%
Interest rate on Working Capital Debt
11.5%
11.5%
11.5%
11.5%
11.5%
CORPORATE ASSUMPTIONS
Assumptions related to financing activities
Infusion of Fresh Share Capital
Net Increase/(decrease) in Working Capital Debt
Fresh drawdown of Term Loans during the year
ICICI
OBC
New Bank
Term Loan Repayments during the year
ICICI
OBC
Allahabad Bank (Tranche 1)
Allahabad Bank (Tranche 2)
New Bank
Assumptions related to investments

Infusion of funds into subsidiary
Assumptions related to Fixed Assets
Additions to Fixed Assets
Additions to Gross Block of Land
Additions to Gross Block of Buildings
Additions to Gross Block of Plant & Machinery
Additions to Gross Block of Computer
Additions to Gross Block of Vehicles
27.00
20.00
0.40
0.20
5.00
0.25
0.21
5.00
0.25
0.50
5.00
0.25
-
5.00
0.50
PARTICULARS
2007A
2008A
2009A
% of store capex capitalized under Furniture & Fittings

% of store capex capitalized under Plant & Machinery
Depreciation rate for Fixed Assets (Straight Line Method)
Land
Buildings
Plant & Machinery
Furniture & Fittings
Computer
Vehicles
Depreciation rates on Fixed Assets (WDV Method) (Income Tax)
Building
Building other than Factory Building
Furniture & Fixtures
Plant & Machinery
Motor Vehicles
Computer
Assumptions related to Taxes
Income Tax rate
VAT Markdown (on Gross Sales)
Assumptions related to Other Income
Amount of Other Income
Assumptions related to Working Capital
Balance of Current Liabilities & Provisions (net of provision for taxes)
Total Cash Expenditure
Average credit period (# of days)
2010E
70%
30%
2011E
70%
30%
2012E
70%
30%
2013E
70%
30%
2014E
70%
30%
3.34%
7.42%
6.33%
16.21%
9.50%
3.34%
7.42%
6.33%
16.21%
9.50%
3.34%
7.42%
6.33%
16.21%
9.50%
3.34%
7.42%
6.33%
16.21%
9.50%
3.34%
7.42%
6.33%
16.21%
9.50%
10%
5%
10%
15%
15%
60%
10%
5%
10%
15%
15%
60%
10%
5%
10%
15%
15%
60%
10%
5%
10%
15%
15%
60%
10%
5%
10%
15%
15%
60%
4.50%
4.50%
30.59%
4.50%
30.59%
4.50%
30.59%
4.50%
30.59%
4.50%
30.59%
4.50%
49
529
2,881
67
722
3,934
67
1,002
5,461
67
1,288
7,015
67
1,593
8,680
67
77.8
20%
93.3
20%
107.3
15%
123.4
15%
141.9
15%
200
243
293
343
393
287.1
1,531.0
68.4
373.0
2,029.6
67.1
70.7
66.5
424.6
2,313.4
67.0
Assumptions related to Corporate Level Expenses

Corporate Staff Salaries
YoY% Increase
64.8
10%
DOMESTIC RETAIL-LILLIPUT BRAND

Sales Assumptions
A. Lilliput EBO
Lilliput (Domestic Stores)
Start of year
83
142
PARTICULARS
Additions during the year
Closures during the year
End of year
2007A
83
2008A
62
3
142
2009A
78
20
200
Number of own stores in new stores

Number of months of operation of new stores/stores closed down during the year
Average Area (square feet)
Lilliput (India) closing
EBO Retail Area added during the year
Total EBO Retail space as at the end of the year
Average retail space operational during the year
% of Retail Area located in Malls
59
1070
2011E
50
2012E
50
2013E
50
2014E
50
293
343
393
443
25
7
25
6
25
6
25
6
25
6
1074
63,698
152,508
120,659
1,083
64,092
216,600
184,554
51%
1,100
50,700
267,300
212,862
50%
1,220
90,160
357,460
257,942
50%
1,300
88,440
445,900
302,162
50%
1,300
65,000
510,900
334,662
50%
1,300
65,000
575,900
367,162
50%
517
22%
552
7%
552
0%
580
5%
609
5%
639
5%
671
5%
749
-749
1,222
-58,679
1,622
-811
2,173
-1,086
2,933
-1,467
3,668
-1,834
4,375
-2,188
29
222
251
154
406
50
456
65
521
65
586
65
651
60
251
140
405
328
405
60
59
406
406
456
431
521
488.5
586
553.5
651
618.5
711
681
175,695
-5%
192,159
9%
259,414
35%
337,238
30%
404,686
20%
445,155
10%
467,413
5%
692
935
1,342
1,977
2,688
3,304
3,820
213
332
540
744
1,047
1,415
1,753
2,057
30%
24%
77%
26%
46%
26%
50%
26%
50%
26%
50%
26%
50%
26%
50%
4.6
16.9
0.7
0.0
0.0
0.0
0.0
88,810
Average Sales per square feet per format (Rs/square feet/month)

Lilliput (India)
YoY Growth
2010E
50
7
243
424
Total Gross EBO Sales (inclusive of VAT)

Net EBO Sales (excluding VAT)
B. Lilliput MBO
Lilliput (Shop-in-shops)
# of MBO's as at the start of the year
# of MBO's as at the end of the year
No. of operational MBO's
Average sale per MBO per month
% YoY Increase
185,419
Gross MBO Sales

Cost Assumptions
COGS
Cost of Raw Material & Purchase of Finished Goods for resale (As a % of Gross
MBO Sales & Net EBO Sales)
Inhouse production %
Factory Rent
0.0
24
20
PARTICULARS
2007A
2008A
YoY % increase
2009A
265%
2010E
-96%
2011E
-100.0%
2012E
-100.0%
2013E
-100.0%
2014E
-100.0%
Electricity Expenses-Factory
Electricity Expense-Factory as a % of In-House RM cost
8.4
16.6
6%
30.8
12%
37.2
10%
52.3
10%
70.8
10%
87.6
10%
102.9
10%
Factory Repair & Maintenance

YoY % increase
0.0
6.9
4.1
-40%
5.3
30%
5.9
10.0%
6.4
10.0%
7.1
10.0%
7.8
10.0%
Salaries & Wages-production staff

Salaries & wages-prodn staff as a % of in-house RM cost
35.1
74.9
29%
148.4
60%
223.2
60%
314.1
60%
424.6
60%
525.9
60%
617.2
60%
91
135
49%
129
-5%
120
-7%
126
5%
132
5%
139
5%
146
5%
Total Electricity expense-EBO's

Electricity Expenses (Rs per sq ft per month)
YoY % Increase
10.1
18.3
12.7
24.8
11.2
-12%
30.0
11.8
5%
38.2
12.3
5%
47.0
13.0
5%
54.6
13.6
5%
62.9
14.3
5%
Total Maintenance expenses-EBO

Maintenance Expenses (Rs per sq ft per month)
YoY % Increase
14.7
17.0
11.8
22.6
19.9
70%
26.7
20.9
5%
34.0
22.0
5%
41.9
23.1
5%
48.7
24.2
5%
56.1
25.5
5%
Advertisement and Marketing Expenses as % of Net Sales
6%
8%
4%
3.0%
3.0%
3.0%
3.0%
3.0%
Rental/ Franchise Fees (INR per Square feet/month)

YoY % Growth
Total Salaries-MBO staff (Rs Million)

Average staff cost per MBO (Rs per month)
YoY % increase
57.40
14,583
79.21
16,278
12%
92.61
17,906
10.0%
115.46
19,696
10.0%
143.90
21,666
10.0%
176.88
23,832
10.0%
214.23
26,216
10.0%
Total Salary-EBO Staff

Salaries-EBO Staff (Rs per sq ft per month)
YoY % increase
27.9
19.3
43.1
19.5
1%
54.7
21.4
10.0%
72.9
23.5
10.0%
93.9
25.9
10.0%
114.4
28.5
10.0%
138.1
31.3
10.0%
Administrative and other overheads (As % of Net Sales)
10%
4%
5%
5%
5%
5%
5%
5%
MBO's commission-Markdown as % of MBO sales
28%
42%
44%
45%
45%
45%
45%
45%
2,000
0%
2,100
5%
2,100
0%
2,100
0%
3.61
180
3.71
186
2.73
137
2.73
137
Capex Assumptions
Cost of interiors (Rs per sq feet)
YoY% increase
Cost of interiors per store (Rs mn)
Total interior cost
2,000
2.36
118
PARTICULARS
2007A
2008A
2009A
Maintenance Capex/ existing store (Rs mn)

YoY% increase
Maintenance Capex (Rs mn)
2010E
0.20
2011E
0.20
0%
2012E
0.20
0%
2013E
0.20
0%
2014E
0.20
0%
40
49
59
69
79
Working Capital Assumptions

Current Assets
Inventories
RM Inventory
COGS
RM Days on COGS
47
213
81
104
332
114
103
540
70
50
50
50
50
50
WIP Inventory
WIP Days on COGS
12
21
54
59
36
24
45
45
45
45
45
Finished Goods Inventory

FG Days on COGS
208
357
299
328
534
362
240
225
210
195
180
Sundry Debtors
MBO Sales
Debtor days on sales
125
224
205
194
403
176
266
524
185
180
180
180
180
180
6
20
20
6
23
23
6
26
26
6
27
27
6
28
28
0
2
2
15
17
20
37
20
57
20
17
37
57
77
2
1
15
5
20
6
20
6
20
6
7,000
7,000
7,000
7,000
7,000
14,000
119,000
259,000
399,000
Loans & Advances

Security Deposit per EBO (no of months)
Total Incremental Deposit (Rs mn)
Incremental Deposit going to loans and advances
DOMESTIC RETAIL-LILLIPUT WORLD

Lilliput World (Domestic Stores)
Start of year
End of year
Number of own stores in new stores
Number of months of operation of new stores opened up during the year
Average Area (square feet)
Lilliput (India) closing
Opening EBO Retail Space
PARTICULARS
2010E
14,000
14,000
14,000
1,167
50%
2011E
105,000
119,000
525,024
43,752
50%
2012E
140,000
259,000
840,204
70,017
50%
2013E
140,000
399,000
840,444
70,037
50%
2014E
140,000
539,000
840,684
70,057
50%
500
450
-10%
428
-5%
428
0%
449
5%
7
-4
312
-156
970
-485
1688
-844
2526
-1263
65%
50%
65%
50%
65%
50%
65%
50%
65%
50%
Cost of Raw Material & Purchase of Finished Goods for resale (As a % of Net
Sales)
36%
36%
36%
36%
36%
Electricity expense-factory as a % of In-House RM cost (Lilliput -domestic)

Electricity expense-Factory
10%
0.1
10%
3.5
10%
10.8
10%
18.9
10%
28.2

0.5
60%
20.9
60%
65.0
60%
113.1
60%
169.4
60%
Total Electricity expense-EBO's

Electricity Expenses (Rs per sq ft per month)
YoY % Increase
0.16
11.8
6.48
12.3
5%
10.89
13.0
5%
11.44
13.6
5%
12.01
14.3
5%
Total Maintenance expenses-EBO

Maintenance Expenses (Rs per sq ft per month)
YoY % Increase
0.15
20.9
5.77
22.0
9.70
23.1
10.19
24.2
10.70
25.5
Advertisement and Marketing Expenses as % of Net Sales
5.0%
5.0%
4.0%
4.0%
4.0%
5.0%
5.0%
7.0%
7.0%
7.0%
95
90
-5%
95
5%
100
5%
104
5%
EBO Retail space added during the year

Closing EBO Retail Space
Total EBO Retail Space operational during the year
Average EBO Retail space operational during the year
% of Retail Space located in Malls
Average Sales per square feet per format (Rs/square feet/month)
Lilliput (India)
YoY Growth
Gross Sales (Inclusive of VAT)
Net Sales (excluding VAT)
% of Apparel sales in Overall Revenue Mix
% Manufactured In-House
2007A
2008A
2009A
Cost Assumptions
Rental/ Franchise Fees (INR per Square feet/month)

YoY % Growth
Capex Assumptions
PARTICULARS
Cost of interiors (Rs per sq feet)
YoY% increase
Cost of interiors per store (Rs mn)
Total interior cost
Maintenance Capex/ existing store (Rs mn)
YoY% increase
Maintenance Capex (Rs mn)
2007A
2008A
2009A
2010E
2,500
2011E
2,500
0%
2012E
2,625
5%
2013E
2,625
0%
2014E
2,625
0%
17.50
35
17.50
263
17.50
350
17.50
350
17.50
350
0.20
0.20
0%
0.20
0%
0.20
0%
0.20
0%
0.4
11
700
600
2,400
0
40
40
240
0
40
40
240
0
40
40
240
0
40
40
240
0
6
8
8
6
57
57
6
80
80
6
84
84
6
88
88
15
15
30
30
60
40
100
50
150
60
30
60
100
150
210
171,200
7%
188,320
10%
207,152
10%
227,867
10%
6.0%
6.0%
6.0%
6.0%
6.0%
43
92
181
311
492

Current Assets
Inventory
RM Days on COGS
WIP Days on COGS
FG Days on COGS
Security Deposit per EBO (no of months)
Total Incremental Deposit (Rs mn)
Incremental Deposit going to loans and advances (Rs mn)
INTERNATIONAL RETAIL BUSINESS
Sales Assumptions
Lilliput brand (International Stores)
Start of year
End of year
No. of months of operation of new stores
Average realization per store per month (Rs)
YoY% Increase
Duty Drawback % (As a % of Net Sales)
Net Sales
Cost Assumptions
160,000
1.75
PARTICULARS
2007A
2008A
2009A
2010E
2011E
2012E
2013E
2014E
Cost of Raw Materials & purchase of Finished Goods for resale (As a % of sales)
50%
50%
50%
50%
50%
Electricity Expense-Factory as a % of In-House RM cost
2.2
10%
4.6
10%
9.0
10%
15.5
10%
24.6
10%

13.0
60%
27.7
60%
54.2
60%
93.2
60%
147.7
60%
3%
3%
4%
4%
4%
120
120
120
120
120
Administrative and other overheads (As % of Sales)

EXPORT BUSINESS
Sales Assumptions
YoY Sales growth
11%
-20%
12%
10%
10%
10%
10%
4.20%
5.30%
6.00%
6.00%
6%
6%
6%
6%
71%
66%
65%
65%
65%
65%
65%
65%
Factory Rent
YoY % increase
20.4
19.3
-5%
7.9
-59%
7.9
0%
7.9
0%
9.0
15%
9.0
0%
9.0
0%
Electricity Expenses-Factory as a % of RM cost
35.1
4%
29.2
4%
17.9
3%
28.6
4%
31.6
4%
34.7
4%
38.2
4%
42.0
4%
7.22
8.76
21%
6.76
-23%
6.76
0%
7.10
5%
7.45
5%
7.83
5%
8.22
5%
66.2
8%
121.8
15%
144.6
23%
171.43
24%
189.31
24%
208.24
24%
229.06
24%
251.97
24%
7%
8%
7%
5%
5%
5%
5%
Duty Drawback %
Cost Assumptions
Cost of Raw Material & Purchase of Finished Goods for resale (As a % of Net
Sales)
Factory Repair & Maintenance

YoY % increase
Current Assets
6%
PARTICULARS
2007A
2008A
2009A
Inventories
RM Inventory
COGS
RM Days on COGS
31
786
14
34
813
13
WIP Inventory
WIP Days on COGS
47
22

FG Days on COGS
Sundry Debtors
Export Sales
2010E
2011E
2012E
2013E
2014E
29
638
28
28
28
28
28
28
27
12
27
16
15
15
15
15
15
34
16
87
39
132
76
60
60
60
60
60
124
1,107
41
159
1,233
47
168
985
62
60
60
60
60
60
EY Check
Inventories
Raw Material inventory
As per audited financials
78
78
138
138
132
132

242
242
386
386
667
667
WIP Inventory
59
59
81
81
63
63
249
249
-
353
353
-
433
433
-
Debtors
Sundry Debtors
Date
Assumed : Existing Stores- as on 1 April 09
FY 2009
200
Stores opened Till Oct 09

Stores to be opened Nov- March
24
26
Total
50
Assumed: On an average 3-4 stores per month
FUND FLOW STATEMENT
NAME OF THE UNIT:
As on 31st March
SOURCES
Net Profit (After Tax)
Depreciation
Increase in Capital
Increase In TL. Incl.public deposits
Decrease in
i.) Fixed Assets
ii.) Other Non Current Assets
f Others
g. Total
a.
b.
c
d.
e.
USES
a. Net Loss
b. Dec.in Term Liab. incl. Pub.Dep.
c. Increase in
i) Fixed Assets
ii) Other Non current assets
d. Dividend Payment
e Others
f Total
As on 31st March
I
ii
iii
iv
v
vi
Summary
Long Term Surplus/Deficit
Increase/decrease in Curr. Assts.
Inc./Dec. in CL other than BB
Inc./Dec. in WC Gap
Net Surplus (+) Deficit (-)
Inc./Dec. in Bank Borrowings
2008
AUD.
2009
AUD.
2010
ESTI.
Rs.in crores
2011
2012
PROJ.
PROJ.
2013
PROJ.
2014
PROJ.
16.24
3.57
0.74
6.37
14.10
7.36
0.00
47.57
25.64
6.75
50.00
4.34
29.25
10.41
40.00
0.00
52.24
10.65
0.00
0.00
73.42
10.10
0.00
0.00
99.86
9.58
0.00
0.00
0.00
0.00
28.02
54.94
0.00
5.20
1.64
75.87
0.00
0.02
0.42
87.17
0.00
0.10
1.23
80.99
0.00
0.00
0.73
63.61
0.00
0.00
0.00
83.52
0.00
0.00
0.00
109.44
0.00
0.00
0.00
0.00
0.00
0.00
0.00
35.12
0.00
22.09
0.00
2.96
0.00
0.38
21.11
5.56
0.00
0.00
26.67
71.16
0.00
0.00
0.00
71.16
74.46
0.00
0.00
0.00
74.46
84.26
0.00
0.00
0.00
119.38
0.00
0.00
0.00
0.00
22.09
0.00
0.00
0.00
0.72
3.68
0.00
0.00
0.00
0.62
1.00
2011
PROJ.
2012
PROJ.
2013
PROJ.
2014
PROJ.
-38.39
-15.14
23.26
-38.39
0.00
0.00
41.52
36.88
-4.64
41.52
0.00
0.00
79.83
69.01
-10.83
79.83
0.00
0.00
108.44
116.64
8.20
108.44
0.00
0.00
2008
AUD.
28.27
32.40
18.86
13.54
14.73
5.08
2009
AUD.
4.71
35.31
-9.61
44.92
-40.20
65.80
2010
ESTI.
12.70
106.31
-4.74
111.05
-98.35
49.84
Page 44 of 48
NAME OF THE UNIT:
FUND FLOW STATEMENT (Summary)
As on 31st March
Summary
Long Term Sources
Long Term Uses
Surplus/Deficit
2008
AUD.
2009
AUD.
54.94
26.67
28.27
75.87
71.16
4.71
2010
ESTI.
87.17
74.46
12.70
Rs.in crores
2011
2012
PROJ.
PROJ.
2013
PROJ.
2014
PROJ.
80.99
119.38
-38.39
-38.39
63.61
22.09
41.52
41.52
83.52
3.68
79.83
79.83
109.44
1.00
108.44
108.44
MOVEMENT OF TNW
As on 31st March
Opening balance
1 Add.
i Profit/(-)Loss after Tax
ii Increase in Capital
iii Dec./(-) Inc.in Intangible Assets
iv Others
2 Less
Div Paid(Incl.Div.Tax)/ Withdrawals
TNW
2008
AUD.
60.35
2009
AUD.
105.35
2010
ESTI.
121.09
2011
PROJ.
197.15
2012
PROJ.
267.63
2013
PROJ.
320.59
2014
PROJ.
393.28
16.24
0.74
0.00
28.02
14.10
0.00
0.00
1.64
25.64
50.00
0.00
0.42
29.25
40.00
0.00
1.23
52.24
0.00
0.00
0.73
73.42
0.00
0.00
-0.72
99.86
0.00
0.00
-0.62
0.00
105.35
0.00
121.09
0.00
197.15
0.00
267.63
0.00
320.59
0.00
393.28
0.00
492.52
Page 45 of 48
DP Calculation
Particulars
Inventory
Sundry Debtors
Total
2007
37.94
12.62
50.56
2008
60.75
17.40
78.15
2009
86.74
29.38
116.12
2010
109.17
51.21
160.37
2011
130.89
61.81
192.70
2012
166.53
74.17
240.71
Less: 25% margin
12.64
19.54
29.03
40.09
48.17
60.18
Total
37.92
58.61
87.09
120.28
144.52
180.53
Less: Creditor's
24.63
29.40
35.39
13.42
17.44
22.67
Drawing Power
13.29
29.21
51.71
106.86
127.08
157.86
2013
216.49
96.43
312.92
2014
277.76
125.36
403.12
78.23
100.78
234.69
302.34
29.48
38.32
205.21
264.02
Annexure - 1
Lilliput World
Wooden Wall Work & Hanging Display Systems

Electrical Fittings
Air Conditioning
Glasswork
Electrical Lift & Accessories
Paintings & Wall Graphics
Staircases, Neon Sign
Wooden Flooring
POP and Gypsum
Music System & IT Installation
Civil Work and Electrical Distribution Panel & D.G. Set
Other Miscellaneous
Total Estimated Interior Cost per Store (Rs/Lacs)
Planned Number of Stores in FY 10-11
Total Estimated Cost (Rs/Crs)
Area per Store (sq. ft.) 7500-8000 sq.ft.
Interior Cost per sq. ft. (Rs)
(Rs/Lacs)
40
25
20
18
15
20
15
22
7
10
24
9
225
15
33.75
7500
3000

Fund Based Non Fund Based Working Capital Limits Banks Term Loans

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Fund Based Non Fund Based Working Capital Limits Banks Term Loans

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Droits d'auteur :

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Present Sanctioned limits

Working Capital Limits

Present Outstanding limits

Working Capital Limits

DETAILS COST OF PROJECT

Debt Equity Ratio :

NAME OF THE UNIT:

NAME OF THE UNIT:

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

NAME OF THE UNIT:

Adv. payment of taxes

NAME OF THE UNIT:

Lilliput Kidswear Limited

Equal to OP-Stmt. SIP Closing Stock

Equal to OP-Stmt. FG Closing Stock

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(item-6 or 7, whichever is lower)

9. Excess borrowings representing

1. Total Current Assets

9. Excess borrowings representing

INVENTORY & RECEIVABLES HOLDINNG LEVELS

NAME OF THE UNIT:

Lilliput Kidswear Limited

As on 31st March Previous Review Of

Raw Material : a) Indigenous

(Figures in italics represents holding period in months.)

DEBT SERVICE COVERAGE RATIO

NAME OF THE UNIT:

Lilliput Kidswear Limited

PERFORMANCE AND FINANCIAL INDICATORS

NAME OF THE UNIT:

Lilliput Kidswear Limited

% rise/fall (-) in net sales

Profit Before tax

PBT/ Sales (%)

Profit After Tax

Current Ratio (w/o TL

PERFORMANCE AND FINANCIAL INDICATORS

NAME OF THE UNIT:

Lilliput Kidswear Limited

Net Sales/ Total Tangible

Operating Cost to sales (%)

Bank Finance/ Ct. Assets (%)

Inv./Net Sales + Rec./ Gross Sales (days)

RISK RATING RELATED RATIOS

INCOME TAX ACT - WDV Method

TOTAL WDV DEP. (as per I.Tax )

COMPANIES ACT - WDV

TOTAL DEPRECIATION - As per Companies Act

Profit Before Tax

Add : Depreciation (WDV - Companies Act)

Less : Depreciation (WDV - Income Tax)

Calculation of Deferred Tax

Repayment Schedule of Short Term Loan

Fresh Short Term Loan

LILLIPUT KIDSWEAR LIMITED

Interest rate on Term Loans

Interest rate on Working Capital Debt

Assumptions related to investments

% of store capex capitalized under Furniture & Fittings

Assumptions related to Corporate Level Expenses

DOMESTIC RETAIL-LILLIPUT BRAND

Number of own stores in new stores