khandelwal cma

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12

a ue n acs

4 BASIC INFORMATION

5 Please Enter Data In Blue Coloured Cell

6 Last year of audited / provisional results 2011

7 Company Code

8 Name of the Company Khandelwal distributors private limited

9 Industry (as per ASCROM classification)10 Currency INR INR

11 Auditors Audited Audited Audited Projected Projected

12 2009 2010 2011 2012 2013

13 Year ended (DD-Mon-YYYY) 31-Mar-09 31-Mar-10 31-Mar-11 31-Mar-12 31-Mar-13

14 No. Of Months 12 12 12 12 1215 xc ange ate

17 PROFIT & LOSS ACCOUNT INPUT

18 Gross Sales

19 - Domestic 774.05 1107.79 1276.42 1646.00 1810.60

20 - Export

21 Sub Total (Gross Sales) 774.05 1107.79 1276.42 1646.00 1810.6022

23 Less Excise Duty

24

25 Net Sales 774.05 1107.79 1276.42 1646.00 1810.60

26

27

% wise rise/fall in net sales as compared to

previous year 0.00 43.12 15.22 28.95 10.00

28

29 Other Operating Income

30 Export Incentives

31 Duty Drawback

32 Others 32.84 29.96 31.34 30.20 33.22

33 Total Operating Income 806.89 1137.75 1307.76 1676.20 1843.82

34

35 Cost of Sales

36 Raw materials consumed

37 i) Imported

38 ii) Indigenous 647.89 816.52 935.66 1107.94 1266.15

39

40 Other Spares consumed

41 i) Imported

42 ii) Indigenous

43

44 Power and fuel 3.78 2.35 26.29 15.55 17.1045 Direct labour and wages 64.19 90.07 120.67 111.22 122.34

46 Other manufacturing expenses 8.78 37.64 33.59 176.72 194.28

47 Depreciation 13.74 13.52 16.72 17.51 15.77

48 Sub Total 738.38 960.10 1132.93 1428.94 1615.64

49

50 Add: Op. Stock of WIP

51 Less: Cl. Stock of WIP

52 Total Cost of Production 738.38 960.10 1132.93 1428.94 1615.64

53

54 Add Opening Stock of Finished Goods 19.40 31.64 56.61 144.64 101.81



55 Less: Cl. Stock of Finished Goods 31.64 56.61 144.64 101.81 101.81

56 Total Cost of Sales 726.14 935.13 1044.90 1471.77 1615.64

57

58 Selling, Gen. & Administration Exp 60.79 172.86 208.48 115.06 126.56

59

60 Cost of Sales + SGA 786.93 1107.99 1253.38 1586.83 1742.20

61

62 Operating Profit before Interest 19.96 29.76 54.38 89.37 101.6263

64 Interest payment to Banks



65 Interest - WC 7.64 6.75 24.48 61.66 67.53

66 Interest - Term Loans 13.80 10.78 12.66 9.54 10.49

67 Interest payment to FIs

68 Interest - WC

69 Interest - Term Loans

70 Total Interest 21.44 17.53 37.14 71.20 78.02

71

72 Operating Profit after Interest -1.48 12.23 17.24 18.17 23.6073

74 Non Operating Items

75

76 Add Non Operating Income

77 Profit on sale of assets/ investments

78 Investments and Dividend

79 Forex gains

80 Non-op. income from subsidiaries

81 Tax Refund

82 Other Non Operating Income/ Intrest income

83 Total non-operating Income 0.00 0.00 0.00 0.00 0.00

8485 Deduct Non Operating Expenses

86 Loss on sale of assets

87 Prem. Expenses w/off

88 Other Non- operating exp. 4.89

89 Total Non-operating expenses 0.00 0.00 4.89 0.00 0.00

90

91 Net of Non-operating Income / Expenses 0.00 0.00 -4.89 0.00 0.00

92

93

Profit Before Interest Depreciation &

Taxes (PBIDT) 33.70 43.28 66.21 106.88 117.39

94

95 Profit Before tax -1.48 12.23 12.35 18.17 23.6096

97 Provision for taxation:

98 Current -0.62 1.98 0.00 5.64 7.29

99 Deferred

100 Sub Total: Provision for taxation -0.62 1.98 0.00 5.64 7.29

101

102 Net Profit After tax -0.86 10.25 12.35 12.53 16.31

103

104 Extraordinary Items adjustments:

105 Extraordinary Income adjustments (+)

106 Extraordinary Expenses adjustments (-)

107 SubTotal Extraordinary items 0.00 0.00 0.00 0.00 0.00108

109 Adjusted PAT (excl Extraordinary Items) -0.86 10.25 12.35 12.53 16.31

110

111 Dividend Paid

112 On Equity Capital

113 On Preference Sh. Capital

114 Dividend tax

115 Partners' withdrawal

116 Dividend (%)

117 Retained Profit -0.86 10.25 12.35 12.53 16.31



118

119 Cash Accruals 12.88 23.77 29.07 30.04 32.08120

121 BALANCE SHEET (LIABILITIES ) INPUT122

123 CURRENT LIABILITIES

124

125

(including bills purchased, discounted &excess borrowings placed on repayment

126 Bank Borrowings - From our Bank 450.00 450.00

127 Bank Borrowings - From other Banks 65.32 63.80 42.81

128 Sub Total 65.32 63.80 42.81 450.00 450.00



129

130

& Group Concerns

131

132 Short term borrowings from Others

133

134 Creditors for purchases 84.67 73.52 78.74 12.00 12.25

135

136

Advances/ payments from

customers/deposits from dealers. 45.52 44.22 98.01 6.00 6.75

137

138 Provisions

139 - Tax

140 -Others

141

142 Dividends Payable

143

144 Statutory liabilities due within one year

145

146

ns a men s o erm oans e erre

payment credits / Debentures / deposits /

redeemable preference shares (due within 10.70 11.98 23.48 10.00 10.00

147

148 Deposits 20.30 57.75 24.96 2.00 2.20

149

150 Other Current Liabilities due within one year 4.17 5.39 3.02 0.00 0.00

151

152 Total Current Liabilities 230.68 256.66 271.02 480.00 481.20

153

154 TERM LIABILITIES

155

156 Debentures

157 Preference share capital

158 Dealer's Deposit

159 Deferred Tax Liability

160 Term Loans - From Banks 94.92 88.72 68.30 38.00 11.00

161 Term Loans - From Fis

162 Term Deposits

163

Borrowings from subsidiaries / affiliates

(Quasi Equity)

164 Unsecured Loans (Quasi Equity) 41.27 62.56 120.74 121.88 121.88

165 Other term liabilities

166 Total Term Liabilities 136.19 151.28 189.04 159.88 132.88

167

168 TOTAL OUTSIDE LIABILITIES 366.87 407.94 460.06 639.88 614.08

169

170 NET WORTH

171 Equity Share Capital

172 Share Capital (Paid-up) 28.97 68.97 100.97 129.03 129.03

173 Share Application (finalised for allotment)

174 Sub Total (Share Capital) 28.97 68.97 100.97 129.03 129.03

175

176 General Reserve

177 Revaluation Reserve



178 Partners capital / Proprietor's capital

179

180 Other Reserves & Surplus:

181 Share Premium 27.09 27.09

182 Capital subsidy

183 Others 7.11 7.11

184 Balance in P&L Account (+ / - ) -26.71 -16.45 -4.10 8.43 24.74

185186 NET WORTH 2.26 52.52 96.87 171.66 187.97

187

188 TOTAL LIABILITIES 369.13 460.46 556.93 811.54 802.05189



190 191

192 CURRENT ASSETS

193

194 Cash & Bank Balances 21.09 14.51 39.47 30.88 31.36

195

196 Investments

197 Govt. and other trustee Securities

198 Fixed Deposits with Banks199 Others

200

201 Receivables

202 Receivables Other than Deferred & exports ( 92.55 105.58 118.83 113.19 123.19

203 Export Receivables

204 Note :

205 1. All receivable upto 180 days only to be included.

206 2. Sale bills negotiated under LC to be excluded.

207

208 Deferred receivable (due within one year.)

209

210 Inventory211 Raw Materials - Imported

212 Raw Materials - Indigenous 29.67 38.65 58.96 374.70 368.00

213 Trading goods

214 Finished Goods (incl Traded Goods) 64.66 113.17 144.64 101.81 101.81

215 Other consumable spares - Imported

216 Other consumable spares - Indigenous

217 Sub total (Inventory) 94.33 151.82 203.60 476.51 469.81

218

219 Advances to suppliers 24.45 34.47 31.45 52.50 55.00

220

221 Advance payment of tax

222

223 Other Current Assets

224

225 TOTAL CURRENT ASSETS 232.42 306.38 393.35 673.08 679.36

226

227 FIXED ASSETS

228 Gross Block 181.56 144.36 159.01 155.97 138.46

229 Less: Accumulated Depreciation 47.93 13.52 16.72 17.51 15.77

230 Net Block 133.63 130.84 142.29 138.46 122.69

231

232 Capital Work in progress

233

234 NON-CURRENT ASSETS

235

236

Deposits (which are not current assets):

237 Investments in Group concerns

238 Loans to group concerns / Advances to subsidiaries

239 Investments in others 1.29 21.29 21.29

240

vances to supp ers o cap ta goo s an

contractors

241 Deferred receivables (maturity exceeding one year)



242 Debtors > 6 mths.

243

ers oans vances non curren n

nature, ICD's etc.)

244

245 Deferred Tax Asset

246

247

-

(incld. Dues from directors) 1.79 1.95

248

249 TOTAL NON CURRENT ASSETS 3.08 23.24 21.29 0.00 0.00

250

251

Intangible Assets:

Goodwill, Patents & trademarks

252

expenses,Miscellaneous expenditure not

w/off, Other deferred revenue expenses

253

254 TOTAL ASSETS 369.13 460.46 556.93 811.54 802.05



255

256 TANGIBLE NETWORTH 2.26 52.52 96.87 171.66 187.97

257

258

259 DIFFERENCE IN B/S 0.00 0.00 0.00 0.00 0.00

260

261 Net working capital 1.74 49.72 122.33 193.08 198.16

262 Current Ratio 1.01 1.19 1.45 1.40 1.41

263 TOL / TNW 162.33 7.77 4.75 3.73 3.27

264

265 ADDITIONAL INFORMATIONrrears o eprec a on

267

268 Contingent liabilities

269 Arrears of cumulative dividends

270 Guarantees issued (relating to business) 20.00 20.00 20.00

271 Guarantees issued (for group companies)

272 Gratuity Liability not provided for273 Disputed excise / customs / tax Liabilities

274 LCs

275

ot er cont ngent a t e s

(incldg. Bills purchased - Under LC)

276

ns a men s o erm oans e erre

payment credits / Debentures / deposits

277 Preference Share Capital (due in less than a year)

FINANCIAL RATIOS

PARTICULARS 2009 2010 2011 2012 2013

Audited Audited Audited Audited Projected

RATIOS

1 Operating Profit Margin 2.58 2.69 4.26 5.43 5.61

2 Return on Capital Employed 0.09 0.10 0.10 0.08 0.11

3 Current Ratio 1.01 1.19 1.45 1.40 1.41

4 Debt Equity Ratio 162.33 7.77 4.75 3.73 3.27

5 Debtors Collection Period 44 35 34 25 25

6 RM Holding Period 17 17 23 123 105

7 Finished Goods Holding Period 33 44 51 25 23

8 Inventory Holding Period 47 59 71 118 106

9 Creditors Payment Period 48 33 31 4 4

10 Cash Flow Interest Coverage 0.00 0.00 0.00 0.00 0.00

11 Cash Flow DSCR #VALUE! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

12 Net Profit / Sales % -0.11 0.93 0.97 0.76 0.90

13 Net Profit/ Cpaital Employed% -0.62 5.03 4.32 3.78 5.0814 PAT/TNW% -38.05 19.52 12.75 7.30 8.68

15 Quasi Debt Equity Ratio 7.48 3.00 1.56 1.76 1.59

16 Term Liability/TNW 60.26 2.88 1.95 0.93 0.71

17 DSCR #VALUE! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

18 Avg. DSCR

19 Current Ratio (without TL instalements) 1.06 1.25 1.59 1.43 1.44

VALUE SECURITY:

PRIMARY SECURITY .

(after deducting depreciation)- Our Share: Rs.



COLLATERAL SECURITY.

(after deducting depreciation)- Our Share: Rs.

PURCHASES 647.89 816.52 935.66 1107.94 1266.15



1

2 SME - Project Input

3 Value in Lacs

4 BASIC INFORMATION

5 Please Enter Data In Blue Coloure

6 Base Year of the Project

7 Company Code

8 Name of the Company

9 Industry (as per ASCROM classification)

10 BREAKEVEN SALES YEAR

11 Years 0 1

12

13 Stress Testing for DSCR

14

% by which the cash revenues are shocked

downwards

15

16

17 Gearing:

18

19

Total Debt required for the entire Project (from start

to end)

20

Total Equity required for the entire Project (from start

to end)

21 Total Project Cost 0.000

23

24 CASH FLOWS

25 Incremental Equity (Incremental)

26 Incremental Debt (Incremental)

27

Incremental investment in Fixed Assets/ Capital

Investments (cash investments)

28 Gross Fixed Assets 0.00 0.00

29 Depreciation charged for the year

30 Accumalated Depreciation

31 Net fixed Assets 0.00 0.00

32

33 Net Working Capital

34

35 Net Fixed Assets + Net Working Capital 0.00 0.00

36

37

38 Sales / Revenue from the project

39

Expenses incurred due to the functioning of the

project other than capital expenditure, depreciation

and interest

40

All Non cash revenue such as profit on sale of fixed

assets, appreciation in the value of assets, forex

gains etc.

41

All Non Cash expenses including loss on sale of fixed

assets but excluding depreciation

42 Depreciation 0.00 0.00

43 Interest and finance charges

44 Profit before tax 0.00 0.00

45

Profit Before Tax if Revenues are shocked

downwards 0.00 0.00

46

47 Tax

48 PAT 0.00 0.00

49 PAT if Revenues are shocked downwards 0.00 0.00

50

51

52 Cash generated from sale of fixed assets

53



57

Enter year from which the cash flows stabalize and

are presumed to be the same in every period after

this year

58

59

60 Discounting Rate based on Project Risk

61

62 Debt Schedule

63

64

Starting year of the loan sanctioned/ to be

sanctioned by our bank

65

Ending year of the loan santioned/ to be

sanctioned by our bank

66

67

68

Total Debt payable within one year (Principal

component)

69 Total Interest & Finance Charges 0.00 0.00

70

Total Debt payable within one year including

Interest & Finance Charges 0.000 0.000

71 PAT + Depreciation + Interest & Finance Charges 0.00 0.00



Cell

2 3 4 5 6

0.00 0.00 0.00 0.00 0.00

27.130 27.130

27.13 54.26

0.00 0.00 0.00 -27.13 -54.26

493.280 573.940

0.00 0.00 0.00 466.15 519.68

1408.670

1105.260

0.00 0.00 0.00 27.13 27.13

20.400 12.720

0.00 0.00 0.00 -47.53 263.56

0.00 0.00 0.00 -47.53 263.56

0.00 0.00 0.00 -47.53 263.56

0.00 0.00 0.00 -47.53 263.56



0.00 0.00 0.00 20.40 12.72

0.000 0.000 0.000 20.400 12.720

0.00 0.00 0.00 0.00 303.41



7 8 9 10 11

0.00 0.00 0.00 0.00 0.00

54.26 54.26 54.26 54.26 54.26

-54.26 -54.26 -54.26 -54.26 -54.26

-54.26 -54.26 -54.26 -54.26 -54.26

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

0.000 0.000 0.000 0.000 0.000

0.00 0.00 0.00 0.00 0.00



12 13 14 15 16

0.00 0.00 0.00 0.00 0.00

54.26 54.26 54.26 54.26 54.26

-54.26 -54.26 -54.26 -54.26 -54.26

-54.26 -54.26 -54.26 -54.26 -54.26

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

0.000 0.000 0.000 0.000 0.000

0.00 0.00 0.00 0.00 0.00



17 18 19 20 21

0.00 0.00 0.00 0.00 0.00

54.26 54.26 54.26 54.26 54.26

-54.26 -54.26 -54.26 -54.26 -54.26

-54.26 -54.26 -54.26 -54.26 -54.26

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

0.000 0.000 0.000 0.000 0.000

0.00 0.00 0.00 0.00 0.00



22 23 24 25 26

0.00 0.00 0.00 0.00 0.00

54.26 54.26 54.26 54.26 54.26

-54.26 -54.26 -54.26 -54.26 -54.26

-54.26 -54.26 -54.26 -54.26 -54.26

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

0.000 0.000 0.000 0.000 0.000

0.00 0.00 0.00 0.00 0.00



27 28 29 30 31

0.00 0.00 0.00 0.00 0.00

54.26 54.26 54.26 54.26 54.26

-54.26 -54.26 -54.26 -54.26 -54.26

-54.26 -54.26 -54.26 -54.26 -54.26

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

0.000 0.000 0.000 0.000 0.000

0.00 0.00 0.00 0.00 0.00



32 33 34 35 36

0.00 0.00 0.00 0.00 0.00

54.26 54.26 54.26 54.26 54.26

-54.26 -54.26 -54.26 -54.26 -54.26

-54.26 -54.26 -54.26 -54.26 -54.26

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

0.000 0.000 0.000 0.000 0.000

0.00 0.00 0.00 0.00 0.00



#REF!

ASSESSMENT OF WORKING CAPITAL LIMIT AS PER IInd METHOD OF LENDING

2012 2013 #REF!

1 Total Current Assets 673.08 679.36 #REF!2 Total Current Liabilities ( Excluding Bank Borrowi 30.00 31.20 #REF!

3 Working Capital Gap 643.08 648.16 #REF!

4 Projected Bank Borrowings 450.00 450.00 #REF!

5 Total Current Liabilities 480.00 481.20 #REF!

6 Projected NWC 193.08 198.16 #REF!

7 Margin Money Required (25% of Current Assets) 168.27 169.84 #REF!

8 Item (3-7) 474.81 478.32 #REF!

9 Item (3-6) 450.00 450.00 #REF!

10 Maximum Permisible Bank Finance #NAME? #NAME? #REF!



Funds Flow StatementAudited Audited Audited Projected Projected #REF! #REF! #REF!

2010 2011 2012 2013 #REF! #REF! #REF! #REF!

INCREASE IN

Capital 50.26 44.35 74.79 16.31 #REF! #REF! #REF! #REF!

T/L / Debt / Def. Payment

Public Deposit (Director)

Total term labilities incl Unsecure 15.09 37.76 0.00 0.00 #REF! #REF! #REF! #REF!

DECREASE IN

Fixed Assets 2.79 0.00 3.83 15.77 #REF! #REF! #REF! #REF!

Inter-Corp. investments & Advance #REF!

Other non current assets 20.16 0.00 0.00 0.00 #REF! #REF! #REF! #REF!

Sub total (Long Terms Fund 88.30 82.11 78.62 32.08 #REF! #REF! #REF! #REF!

INCREASE INBank borrowings 0.00 0.00 407.19 0.00 #REF! #REF! #REF! #REF!

Other Current liabilities 27.50 35.35 0.00 1.20 #REF! #REF! #REF! #REF!

DECREASE INInventory 0.00 0.00 0.00 6.70 #REF! #REF! #REF! #REF!

Receivables 0.00 0.00 5.64 0.00 #REF! #REF! #REF! #REF!

Other current assets 0.00 0.00 0.00 0.00 #REF! #REF! #REF! #REF!

Sub total: (Short Term Fund 27.50 35.35 412.83 7.90 #REF! #REF! #REF! #REF!

TOTAL FUNDS AVAILABLE

USESDECREASE IN

Capital 0.00 0.00 0.00 0.00 #REF! #REF! #REF! #REF!

T/L / Debt / Def. Payment

Public DepositTotal term labilities 0.00 0.00 29.16 27.00 #REF! #REF! #REF! #REF!

INCREASE INFixed Assets 0.00 11.45 0.00 0.00 #REF! #REF! #REF! #REF!

Inter-Corp. investments & Advance

Other non current assets 20.16 0.00 0.00 0.00 #REF! #REF! #REF! #REF!

Sub total (Long Term Uses) 20.16 11.45 29.16 27.00 #REF! #REF! #REF! #REF!

DECREASE INBank borrowings 1.52 20.99 0.00 0.00 #REF! #REF! #REF! #REF!

Other Current liabilities 0.00 0.00 198.21 0.00 #REF! #REF! #REF! #REF!

INCREASE IN

Inventory 57.49 51.78 272.91 0.00 #REF! #REF! #REF! #REF!

Receivables 13.03 13.25 0.00 10.00 #REF! #REF! #REF! #REF!

Other current assets 3.44 21.94 12.46 2.98 #REF! #REF! #REF! #REF!

Sub total: (Short term Uses) 75.48 107.96 483.58 12.98 #REF! #REF! #REF! #REF!

TOTAL FUNDS USED

SUMMARY:

Long Term Sources 88.30 82.11 78.62 32.08 #REF! #REF! #REF! #REF!

Less: Long Term Uses 20.16 11.45 29.16 27.00 #REF! #REF! #REF! #REF!Surplus(+)/Short fall(-) 68.14 70.66 49.46 5.08 #REF! #REF! #REF! #REF!

Short Term Sources 27.50 35.35 412.83 7.90 #REF! #REF! #REF! #REF!

Less: Short Term Uses 75.48 107.96 483.58 12.98 #REF! #REF! #REF! #REF!

Surplus(+) /Short fall(-) -47.98 -72.61 -70.75 -5.08 #REF! #REF! #REF! #REF!



SECTION II FINANCIAL PARAMETERS AND ASSESSMENT

1.0 FINANCIAL PERFORMANCE

Balance Sheet Data / Capital

Structure Audited Audited Projected Projected #REF! #REF! #REF!2010 2011 2012 2013 #REF! #REF! #REF!

Capital & Surplus in P/L 52.52 96.87 171.66 187.97 #REF! #REF! #REF!

Tangible Net Worth 52.52 96.87 171.66 187.97 #REF! #REF! #REF!

Term Liabilities 151.28 189.04 159.88 132.88 #REF! #REF! #REF!

Unsecured Loans 62.56 120.74 121.88 121.88 #REF! #REF! #REF!

Capital Employed 203.80 285.91 331.54 320.85 #REF! #REF! #REF!

Net Block 130.84 142.29 138.46 122.69 #REF! #REF! #REF!

Non Current Assets 23.24 21.29 0.00 0.00 #REF! #REF! #REF!

Current Assets 306.38 393.35 673.08 679.36 #REF! #REF! #REF!

Current Liabilities 256.66 271.02 480.00 481.20 #REF! #REF! #REF!

Net Current Assets 49.72 122.33 193.08 198.16 #REF! #REF! #REF!

Operational Data Audited Audited Projected Projected #REF! #REF! #REF!2010 2011 2012 2013 #REF! #REF! #REF!

Net Sales 1107.79 1276.42 1646.00 1810.60 #REF! #REF! #REF!

Manufacturing Expenses 921.61 1028.18 1454.26 1599.87 #REF! #REF! #REF!

Adm. & Selling Expenses 172.86 208.48 115.06 126.56 #REF! #REF! #REF!

Interest 17.53 37.14 71.20 78.02 #REF! #REF! #REF!

Depreciation 13.52 16.72 17.51 15.77 #REF! #REF! #REF!

Operating Profit Before Tax 12.23 17.24 18.17 23.60 #REF! #REF! #REF!

Provision for Tax 1.98 0.00 5.64 7.29 #REF! #REF! #REF!

Other Income 0.00 -4.89 0.00 0.00 #REF! #REF! #REF!

Net Profit After Tax 10.25 12.35 12.53 16.31 #REF! #REF! #REF!

Profitability Ratios Audited Audited Projected Projected #REF! #REF! #REF!

2010 2011 2012 2013 #REF! #REF! #REF!

Net Profit / Sales % 0.93 0.97 0.76 0.90 #REF! #REF! #REF!

Net Profit/ Capital Employed % 5.03 4.32 3.78 5.08 #REF! #REF! #REF!

Stock Turnover Period 59 71 118 106 #REF! #REF! #REF!

Debtors Turnover Period 35 34 25 25 #REF! #REF! #REF!

RAW MATERIAL HOLDING 17 23 123 105 #REF! #REF! #REF!

FINISHED GOODS HOLDING 44 51 25 23 #REF! #REF! #REF!

PAT/TNW % 19.52 12.75 7.30 8.68 #REF! #REF! #REF!

Current Ratio 1.19 1.45 1.40 1.41 #REF! #REF! #REF!

DE Ratio (Total Outside Liabilities /

Tangible Net Worth) 7.77 4.75 3.73 3.27 #REF! #REF! #REF!

Quasi Debt Equity Ratio 3.00 1.56 1.76 1.59 #REF! #REF! #REF!

Term Liability / TNW 2.88 1.95 0.93 0.71 #REF! #REF! #REF!

Movement of Net Worth

Opening TNW 68.97 52.52 64.87 111.6 162.11 #REF! #REF!

Add: Profit After Tax -16.45 12.35 12.53 16.31 #REF! #REF! #REF!

Add: Incr. in equity/share

prem./ appli. money 0.00 0.00 0.00 0.00 #REF! #REF! #REF!

Add/Subtract-change in intangib 0.00 0.00 0.00 0.00 #REF! #REF! #REF!

Adjust- Prior year expenses (Defered Tax)

Deduct- Dividend Payment

Any other item 0.00 0.00 34.20 34.20 #REF! #REF! #REF!

Closing TNW 52.52 64.87 111.60 162.11 #REF! #REF! #REF!



Summery: Funds Flow Statement

Long Term Sources 82.11 78.62 32.08 #REF! #REF! #REF!

Less: Long Term Uses 11.45 29.16 27.00 #REF! #REF! #REF!

Surpus(+)/ Short Fall(-) 70.66 49.46 5.08 #REF! #REF! #REF!

Short Term Sources 35.35 412.83 7.90 #REF! #REF! #REF!

Less: Short Term Uses 107.96 483.58 12.98 #REF! #REF! #REF!

Surpus(+)/ Short Fall(-) -72.61 -70.75 -5.08 #REF! #REF! #REF!

Diff.



SECTION II FINANCIAL PARAMETERS AND ASSESSMENT

1.0 FINANCIAL PERFORMANCE

Balance Sheet Data / Capital

Structure Audited Audited Audited Projected Projected

2009 2010 2011 2012 2013

Paid up Capital:

Equity Share Capital 28.97 68.97 100.97 129.03 129.03Reserve & Surplus (Exc.Rev.

Reserve & net of intengibles) 0.00 0.00 0.00 34.20 34.20

Acumulated Profit & Loss -26.71 -16.45 -4.10 8.43 24.74

Tengible Net Worth 2.26 52.52 96.87 171.66 187.97

Deffered Tax Liability 0.00 0.00 0.00 0.00 0.00

Adjusted Net worth 2.26 52.52 96.87 171.66 187.97

Net Owned Funds (TNW-FIOB) 2.26 52.52 96.87 171.66 187.97

Term Liabilities (of which) 136.19 151.28 189.04 159.88 132.88

Term Loan 94.92 88.72 68.30 38.00 11.00

Unsecured Loans 41.27 62.56 120.74 121.88 121.88

Others 0.00 0.00 0.00 0.00 0.00

Capital Employed 138.45 203.80 285.91 331.54 320.85

Net Block 133.63 130.84 142.29 138.46 122.69

Funds invested outside business 0.00 0.00 0.00 0.00 0.00

Non Current Assets 3.08 23.24 21.29 0.00 0.00

Current Assets (of which) 232.42 306.38 393.35 673.08 679.36

Inventory 94.33 151.82 203.60 476.51 469.81

Debtors 92.55 105.58 118.83 113.19 123.19Cash & Bank Balance 21.09 14.51 39.47 30.88 31.36

Other Current Assets 24.45 34.47 31.45 52.50 55.00

Current Liabilities (of which) 230.68 256.66 271.02 480.00 481.20

Creditors 84.67 73.52 78.74 12.00 12.25

Bank Borrowings 65.32 63.80 42.81 450.00 450.00

TL payable in one year 10.70 11.98 23.48 10.00 10.00

Other Liabilities/ provision 24.47 63.14 27.98 2.00 2.20

Net Current Assets 1.74 49.72 122.33 193.08 198.16

Operational Data Audited Audited Audited Projected Projected

2009 2010 2011 2012 2013

Net Sales 774.05 1107.79 1276.42 1646.00 1810.60

Of which exports 0.00 0.00 0.00 0.00 0.00Other Income (non operating) 0.00 0.00 -4.89 0.00 0.00

Cost of goods sold 726.14 935.13 1044.90 1471.77 1615.64

Adm. & Selling Expenses 60.79 172.86 208.48 115.06 126.56

Interest 21.44 17.53 37.14 71.20 78.02

Depreciation 13.74 13.52 16.72 17.51 15.77

Net Profit before Tax -1.48 12.23 12.35 18.17 23.60

Provision for Tax -0.62 1.98 0.00 5.64 7.29

Net Profit After Tax -0.86 10.25 12.35 12.53 16.31

Dividend 0.00 0.00 0.00 0.00 0.00

Cash Accruals 12.88 23.77 29.07 30.04 32.08

Profitability Ratios Audited Audited Audited Projected Projected

2009 2010 2011 2012 2013

Operating Profit Margin 2.58 2.69 4.26 5.43 5.61

Net Profit / Sales % -0.11 0.93 0.97 0.76 0.90

Net Profit/ Capital Employed % -0.62 5.03 4.32 3.78 5.08

Stock Turnover Period 47 59 71 118 106

Debtors Turnover Period 44 35 34 25 25

RAW MATERIAL HOLDING 17 17 23 123 106

FINISHED GOODS HOLDING 33 44 51 25 23

PAT/TNW % -38.05 19.52 12.75 7.30 8.68

Current Ratio(considering TL inst) 1.01 1.19 1.45 1.40 1.41Current Ratio(without considering

TL inst) 1.06 1.25 1.59 1.43 1.44DE Ratio (Total Outside



Opening TNW 28.97 68.97 52.52 64.87 111.6

Add: Profit After Tax -26.71 -16.45 12.35 12.53 16.31

Add: Incr. in equity/share

prem./ appli. money 0.00 0.00 0.00 0.00 0.00

Add/Subtract-change in inta 0.00 0.00 0.00 0.00 0.00

Adjust- Prior year expenses (Defered Tax)Deduct- Dividend Payment

Any other item 0.00 0.00 0.00 34.20 34.20

Closing TNW 2.26 52.52 64.87 111.60 162.11

Summery: Funds Flow Statement

Long Term Sources 0.00 88.30 82.11 78.62 32.08

Less: Long Term Uses 0.00 20.16 11.45 29.16 27.00

Surpus(+)/ Short Fall(-) 0.00 68.14 70.66 49.46 5.08

Short Term Sources 0.00 27.50 35.35 412.83 7.90

Less: Short Term Uses 0.00 75.48 107.96 483.58 12.98

Surpus(+)/ Short Fall(-) 0.00 -47.98 -72.61 -70.75 -5.08

Diff.

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