SDP Stone Term Laon Marble

FUND FLOW (DETAILED)
As on 31st March
M/S SDP STONES Rs in Lacs 0.00
0 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
1 SOURCES Proj. Proj. Proj. Proj. Proj. Proj.
a. Net Profit (After Tax) 30.37 40.28 45.83 56.00 70.17 88.42
b. Depreciation 67.94 57.74 49.20 41.99 35.86 30.65
c Increase in Capital 0.00 0.00 0.00 0.00 0.00 0.00
d. Increase In TL. Incl.public deposits 0.00 0.00 0.00 0.00 0.00 0.00
e. Decrease in
i.) Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00
ii.) Other Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.00
f Others 0.00 0.00 0.00 0.00 53.00 70.17
g. Total 98.31 98.01 95.03 97.99 159.03 189.24
2 USES
a. Net Loss 0.00 0.00 0.00 0.00 0.00 0.00
b. Dec.in Term Liab. incl. Pub.Dep. 0.00 50.00 50.00 50.00 50.00 50.00
c. Increase in
i) Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00
ii) Other Non current assets 0.00 0.00 0.00 15.00 35.00 45.00
d. Dividend Payment 0.00 0.00 0.00 0.00 0.00 0.00
e Others 0.00 0.00 0.00 3.00 0.00 0.00
f Total 0.00 50.00 50.00 68.00 85.00 95.00
FUNDS FLOW STATEMENT

(Summary)
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24

Particulars Proj. Proj. Proj. Proj. Proj. Proj.
3 I Long Term Surplus/Deficit 98.31 48.01 45.03 29.99 74.03 94.24
4 ii Increase/decrease in Curr. Assts. 0.00 48.26 50.98 37.41 67.72 67.07
5 iii Inc./Dec. in CL other than BB 0.00 0.25 5.94 7.43 16.71 21.98
6 iv Inc./Dec. in WC Gap 0.00 48.01 45.04 29.99 51.02 45.09
7 v Net Surplus (+) Deficit (-) 98.31 0.00 -0.01 0.00 23.01 49.14
8 vi Inc./Dec. in Bank Borrowings 0.00 0.00 0.00 0.00 0.00 0.00

2019-20 2020-21 2021-22 2022-23 2023-24

Particulars Proj. Proj. Proj. Proj. Proj.
Long Term Sources 98.01 95.03 97.99 159.03 189.24

Long Term Uses 50.00 50.00 68.00 85.00 95.00
Surplus/Deficit 48.01 45.03 29.99 74.03 94.24
Movement of TNW
2019-20 2020-21 2021-22 2022-23 2023-24

Opening balance 330.37 370.65 416.48 469.48 539.64

1 Add.
i Profit/(-)Loss after Tax 40.28 45.83 56.00 70.17 88.42
ii Increase in Capital 0.00 0.00 0.00 0.00 0.00
iii Dec./(-) Inc.in Intangible Assets 0.00 0.00 0.00 0.00 0.00
iv Others 0.00 0.00 -3.00 0.00 0.00
2 Less
Div Paid(Incl.Div.Tax)/ Withdrawals 0.00 0.00 0.00 0.00 0.00
TNW 370.65 416.48 469.48 539.64 628.07
INVENTORY & RECEIVABLES HOLDINNG LEVELS
M/S SDP STONES As on 31st March
Rs. in Lacs
Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
Proj. Proj. Proj. Proj. Proj. Proj.
I II III IV V V
Raw Material : a) Indigenous 100.00 110.00 135.00 150.00 160.00 170.00
Months 0.94 1.12 1.29 1.35 1.37 1.34
b) Imported 0.00 0.00 0.00 0.00 0.00 0.00
Months #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Stock in Process 0.00 0.00 0.00 0.00 0.00 0.00
Months 0.00 0.00 0.00 0.00 0.00 0.00
Finished Goods 120.25 130.00 140.00 145.00 150.00 155.00
Months 1.07 1.15 1.16 1.14 1.13 1.08
Other Spares : a) Indigenous 0.00 0.00 0.00 0.00 0.00 0.00
b) Imported 0.00 0.00 0.00 0.00 0.00 0.00
Receivables : a) Domestic 133.18 165.14 174.69 184.67 195.09 210.99
Months 1.09 1.33 1.33 1.33 1.33 1.33
b) Export 0.00 0.00 0.00 0.00 0.00 0.00
Receivables 133.18 165.14 174.69 184.67 195.09 210.99
Months 1.09 1.33 1.33 1.33 1.33 1.33
S. Creditors 53.00 48.92 52.41 55.40 58.53 63.30
Months 0.50 0.50 0.49 0.49 0.49 0.49
Other Creditors 14.28 18.61 21.06 25.50 31.65 39.58
Other Current Assets 25.92 22.46 28.89 36.33 41.22 47.09
(Figures in italics represents holding period in months.)

YEAR 2018-19 2019-20 2020-21 2021-22 2022-23
M/s
If ASSETS are equal to LIABILITIES N N N N N
Balance Sheet Total ASSETS 860.15 850.67 852.45 862.88 892.33
Balance Sheet Total LIABILITIES 860.15 850.68 852.45 862.88 892.32
Diff Assets- liabilities 0.00 0.00 0.00 0.00 0.00
Is Balance Sheet SIP Closing stock Y Y Y Y Y
Equal to OP-Stmt. SIP Closing Stock
SIP Closing Stock :Asset Staement. 0.00 0.00 0.00 0.00 0.00
SIP Closing Stock : Operating Stmt. 0.00 0.00 0.00 0.00 0.00
Is Balance Sheet FG Closing stock Y Y Y Y Y
Equal to OP-Stmt. FG Closing Stock
FG Closing Stock : Asst. Stmt. 120.25 130.00 140.00 145.00 150.00
FG Closing Stock : OP. Statement 120.25 130.00 140.00 145.00 150.00
Is Balance Sheet Depreciation Y Y Y Y
Equal to OP-Stmt. Depriciation
Balance Sheet Depriciation 57.74 49.20 41.99 35.86
Operating profit depriciation 57.74 49.20 41.99 35.86
Diff 0.00 0.00 0.00
PROFIT AFTER TAX 30.37 40.28 45.83 56.00 70.17
Dividend 0.00 0.00 0.00 0.00 0.00
Adj. Sales = Net Sales+Increase 1585.25 1496.04 1582.25 1667.04 1760.79
in FG & SIP
RM/ Adj. Sales (%) 80.24 78.48 79.49 79.76 79.77
Spares/ Adj. Sales (%) 0.00 0.00 0.00 0.00 0.00
Power & Fuel/ Adj. Sales(%) 1.40 1.72 1.70 1.70 1.69
Labour/ Adj. Sales (%) 1.04 1.21 1.20 1.20 1.19
Other Mfg Exp./Adj. Sales (%) 5.81 6.39 6.34 6.45 6.45
Cost of Prod./ Adj. Sales(%) 92.76 91.65 91.85 91.62 91.13
Cost Of sales / Sale (%) 92.17 91.60 91.80 91.60 91.11
PBDIT 160.66 160.34 154.56 156.70 165.64
GenSelling+General Exp/Adj Sales % 1.39 1.49 1.49 1.50 1.50
Is FAs Additions>TLs raised Y Y Y Y
Increase in FA 516.24 0.00 0.00 0.00 0.00
Increase in TL 262.50 -50.00 -50.00 -50.00 -50.00
If Cash Accrual>TL Installment Y Y Y Y Y

Cash Accrual 126.94 122.38 114.22 112.00 114.87
TL installment 66.13 74.37 69.19 64.02 58.84
Net DSCR 1.92 1.65 1.65 1.75 1.95
M/S SDP STONES
LIST OF ANNEXURES
No Particulars
1 List of Machinery
2 Cost of Project and Means of Finance
3 Schedule of Implementation
4 Schedule of Depreciation
5 Schedule of Term Loan Interest and Repayment
6 Manpower and Power costs
7 Sales & Profit Projections
8 Projected Profit and Loss Account
9 DSCR Calculation
10 Projected Balance Sheet
11 Projected Key Financial Parameters
12 Cash Flow Statement
13 Break-Even Analysis
14 Sensitivity Analysis
15 Assessment of Working Capital
16 Asset Cover and Security Margin
17 Process Flow Chart
18 Slurry Process Flow Chart
19 Settling Tank
M/S SDP STONES Rs. Lacs
LIST OF MACHINERIES
Sl No Description Supplier / Make Total Cost

MARBLE GANSAW WITH
1 AUTOMATIC RASIN LINE ROSAVA- UDAIPUR 188.80
GRANTRY CRANE,
OVERHEAD CRANE, AND
MARBLE DRESSING
2 MACHINE SDP MACHINES - AJMER 177.00
WATER TREATMENT
3 PLANT GORANA ENGINEERING WORKS 28.44
TOTAL 394.24
M/S SDP STONES Annexure - 2
COST OF THE PROJECT Rs. In lacs
No. PARTICULARS Cost TL (75%)

1 Plant and Machinery as per Annexure -1 394.24 295.68
2 Factory Buildinng 50.00 0.00
3 Land Lease Advance (Deposit) 0.00 0.00
4 Power & Eletricals 20.00 15.00
5 Working Capital Margin 50.00 0.00
TOTAL 464.24 310.68
7 Term Loan -Eligible 310.68

8 Term Loan -Sought 300.00
MEANS OF FINANCING
9 Promoter's Contribution 164.24
10 Term loan 300.00
TOTAL 464.24
11 PROMOTER'S CONTRIBUTION (%) 35.38%
12 DEBT EQUITY RATIO 0.55
M/S SDP STONES Annexure -3
SCHEDULE OF IMPLEMENTATION
Term loan (Rs.lakhs) 300.00

Rate of Interest assumed for projections 10.35%
Land Lease Agreement Own land
Availment of Term Loan 1th Jan 2018
Commencement of Civil Works Started
Completion of Civil Works 28TH Feb 2018
Electrical work 28TH Feb 2018
Receipt of Machinery 1st Feb 2018
Installation and Trail Run 1st March 2018
Commencement of commercial Production 01st April 2018
Total Implementation Period 3 months
Holiday Period required 3 months
Total Moratorium Period from first Disbs. 6 months
Repayment to Commence from 1st July 2018
No. of Installments 72
Total Period of Advance 69 months
Installment Amount 4.17
Annexure -6Annexure -6Annexure -6
M/S SDP STONES
MANPOWER REQUIREMENT
Rs. 000's
Salary / Monthly
Particulars Nos Month Salary
Manager 1 15 15
Accountant 1 12 12
Security 1 7 7
Crane Operators 1 10 10
Machine Operators 4 12 48
Polishing Section 2 7.5 15
Helpers 6 5 30
Total 16 137 1.37 Rs. Lakhs
2019 2020 2021 2022 2023 2024 2025

No.of Months 12 12 12 12 12 12 12
Yearly Salary 16.44 18.08 18.99 19.94 20.93 21.98 23.08
PERFORMANCE AND FINANCIAL INDICATORS
As on 31st March
M/S SDP STONES
2018-19 2019-20 2020-21 2021-22 2022-23
Domestic Sales(Gross) 1465.00 1486.29 1572.25 1662.04 1755.79

Export Sales 0.00 0.00 0.00 0.00 0.00
Net Sales 1465.00 1486.29 1572.25 1662.04 1755.79
% rise/fall (-) in net sales 1.45 5.78 5.71 5.64
Profit Before tax 43.39 57.54 65.47 80.00 100.24
PBT/ Sales (%) 2.96 3.87 4.16 4.81 5.71
Profit After Tax 30.37 40.28 45.83 56.00 70.17
Cash Accrual 98.31 98.01 95.03 97.99 106.03
Paid Up Capital 300.00 300.00 300.00 300.00 300.00
TNW 330.37 370.65 416.48 469.48 539.64
TOL/TNW (times) 1.60 1.30 1.05 0.84 0.65
NWC 112.07 160.08 205.11 235.10 256.13
Current Ratio 1.42 1.60 1.75 1.84 1.88
Adjusted TNW 330.37 370.65 416.48 469.48 539.64
Adjusted TOL/TNW 1.60 1.30 1.05 0.84 0.65
Figures in Italics represents estimates taken at the time of the last renewal.
Other Ratios
Operating Cost/ sales % 97.04 96.13 95.84 95.19 94.29
Net Sales /TTA (times) 1.70 1.75 1.84 1.93 1.97
PBDIT 160.66 160.34 154.56 156.70 165.64

EFFICIENCY RATIOS
2018-19 2019-20 2020-21 2021-22 2022-23

Proj. Proj. Proj. Proj. Proj.
Net Sales/ Total Tangible 1.70 1.75 1.84 1.93 1.97
Assets (times)
PBT/ Total Tangible Assets (%) 5.04 6.76 7.68 9.27 11.23
Operating Cost to sales (%) 97.04 96.13 95.84 95.19 94.29
Bank Finance/ Ct. Assets (%) 52.72 46.77 41.79 38.76 36.61
Inventory+ Receivables to net 21.71 99.49 104.40 105.34 105.00

Sales (days)
Figures in Italics represents estimates taken at the time of the last renewal.
PBDIT 160.66 160.34 154.56 156.70 165.64
RISK RATING RELATED RATIOS
1 Current Ratio 1.42 1.60 1.75 1.84 1.88

2 TOL/TNW (times) 1.60 1.30 1.05 0.84 0.65
3 PBDIT/Interest (times) 3.26 3.56 3.87 4.51 5.61
4 PAT/Net Sales (%) 0.00 2.71 2.91 3.37 4.00
5 ROCE (%) (PBDIT/TA) 18.68 18.85 18.13 18.16 18.56
6 INV+REC./Sales (days) 42 99 104 105 105
M/S SDP STONES
FIXED ASSET & DEPRECIATION SCHEDULE
PARTICULARS Depn WDV ADD DEPN WDV DEPN WDV DEPN WDV DEPN WDV DEPN WDV DEPN WDV
Rate 2019 2020 2021 2022 2023 2024
Land 0.00% 49.00 0.00 49.00 0.00 49.00 0.00 49.00 0.00 49.00 0.00 49.00 0.00 49.00
Building 10.00% 50.00 5.00 45.00 4.50 40.50 4.05 36.45 3.65 32.81 3.28 29.52 2.95 26.57
Plant & Machinery 15.00% 414.24 62.14 352.10 52.82 299.29 44.89 254.40 38.16 216.24 32.44 183.80 27.57 156.23
Furniture & Fixtures 10.00% 2.00 0.20 1.80 0.18 1.62 0.16 1.46 0.15 1.31 0.13 1.18 0.12 1.06
Computers 60.00% 1.00 0.60 0.40 0.24 0.16 0.10 0.06 0.04 0.03 0.02 0.01 0.01 0.00
TOTAL 516.24 67.94 448.30 57.74 390.57 49.20 341.37 41.99 299.38 35.86 263.52 30.65 232.87
YEARS 2019 2020 2021 2022 2023 2024 2025 2026

DEPN 67.94 57.74 49.20 41.99 35.86 30.65 26.26 22.45
PARTICULARS 2019 2020 2021 2022 2023 2024 2025 2026

Land 49.00 49.00 49.00 49.00 49.00 49.00 0.00 49.00
Building 45.00 40.50 36.45 32.81 29.52 26.57 23.91 21.52
Plant & Machinery 352.10 299.29 254.40 216.24 183.80 156.23 132.80 112.88
Furniture & Fixtures 1.80 1.62 1.46 1.31 1.18 1.06 0.16 0.90
Computer 0.40 0.16 0.06 0.03 0.01 0.00 0.00 0.00
Total 448.30 390.57 341.37 299.38 263.52 232.87 156.87 184.30
Gross Block 516.24 516.24 516.24 516.24 516.24 516.24 516.24 516.24
Deprciation (Cumulative) 67.94 125.67 174.87 216.86 252.72 283.37 309.63 332.07
Net Block 448.30 390.57 341.37 299.38 263.52 232.87 206.61 184.17
Rs. Lakhs
DEPN WDV DEPN WDV

2025 2026
0.00 49.00 0.00 49.00
2.66 23.91 2.39 21.52
23.43 132.80 19.92 112.88
0.16 0.90 0.14 0.77
0.00 0.00 0.00 0.00
26.26 206.61 22.45 184.17
M/S SDP STONES
INTEREST AND REPAYMENT SCHEDULE
TL 300.00
ROI 10.35% 0.00863
INST 72
INST AMT 4.17
As on 31.03 2019 2020 2021 2022 2023 2024 2025
Instalment 4.17 4.17 4.17 4.17 4.17 4.17 4.17
31.03.17 0.00
Apr 300.00 2.59 258.33 2.23 208.33 1.80 158.33 1.37 108.33 0.93 58.33 0.50 12.50 0.11
May 300.00 2.59 254.17 2.19 204.17 1.76 154.17 1.33 104.17 0.90 54.17 0.47 8.33 0.07
Jun 300.00 2.59 250.00 2.16 200.00 1.73 150.00 1.29 100.00 0.86 50.00 0.43 4.17 0.04
Jul 295.83 2.55 245.83 2.12 195.83 1.69 145.83 1.26 95.83 0.83 45.83 0.40 0.00 0.00
Aug 291.67 2.52 241.67 2.08 191.67 1.65 141.67 1.22 91.67 0.79 41.67 0.36
Sep 287.50 2.48 237.50 2.05 187.50 1.62 137.50 1.19 87.50 0.75 37.50 0.32
Oct 283.33 2.44 233.33 2.01 183.33 1.58 133.33 1.15 83.33 0.72 33.33 0.29
Nov 279.17 1.61 229.17 1.98 179.17 1.55 129.17 1.11 79.17 0.68 29.17 0.25
Dec 275.00 2.37 225.00 1.94 175.00 1.51 125.00 1.08 75.00 0.65 25.00 0.22
Jan 270.83 2.34 220.83 1.90 170.83 1.47 120.83 1.04 70.83 0.61 20.83 0.18
Feb 266.67 2.30 216.67 1.87 166.67 1.44 116.67 1.01 66.67 0.58 16.67 0.14
Mar 262.50 2.26 212.50 1.83 162.50 1.40 112.50 0.97 62.50 0.54 12.50 0.11
Repayments 37.50 50.00 50.00 50.00 50.00 50.00 12.50
Total Int 28.63 24.37 19.19 14.02 8.84 3.67 0.22
SUMMARY
YEARS 2019 2020 2021 2022 2023 2024 2025
Interest 28.63 24.37 19.19 14.02 8.84 3.67 0.22
Balance 262.50 212.50 162.50 112.50 62.50 12.50 0.00
Repayments 37.50 50.00 50.00 50.00 50.00 50.00 12.50
Working Capital 200.00 200.00 200.00 200.00 200.00 200.00 200.00
Interest 20.70 20.70 20.70 20.70 20.70 20.70 20.70
ASSESSMENT OF WORKING CAPITAL REQUIREMENT
OPERATING STATEMENT
Name of the Account M/s M/S SDP STONES
Amt.in Lacs
As per profit and loss account actuals/ estimates for the year ending 31st March
2018-19 2019-20 2020-21 2021-22 2022-23

1 GROSS SALES/RECEIPTS I II III IV V
i. Domestic sales/Receipts 1465.00 1486.29 1572.25 1662.04 1755.79
ii. Export sales 0.00 0.00 0.00 0.00 0.00

Contract Income
Total 1465.00 1486.29 1572.25 1662.04 1755.79
2 Less excise duty
Deduct other items
3 Net sales ( item 1 - item 2 ) 1465.00 1486.29 1572.25 1662.04 1755.79
4 % age rise (+) or fall (-) in net 1.45 5.78 5.71 5.64
sales compared to previous
year (annualised)
5 Cost of Sales
i.) Raw materials/Purchas(including 1272.00 1174.03 1257.80 1329.63 1404.63

stores and other items used
in the process of manufacture)
(a) imported
(b) Indigenous 1272.00 1174.03 1257.80 1329.63 1404.63
ii) Contract work expenses 0.00 0.00 0.00 0.00 0.00
(a) Imported
(b) Indigenous 0.00 0.00 0.00 0.00 0.00
iii) Power and fuel 22.12 25.67 26.95 28.30 29.72
iv) Wages 16.44 18.08 18.99 19.94 20.93
v) Operating expense 92.06 95.62 100.36 107.54 113.53
vi) Depreciation 67.94 57.74 49.20 41.99 35.86
vii) SUB TOTAL (I TO VI) 1470.56 1371.14 1453.31 1527.40 1604.68
viii)ADD: Opening stocks-in-
Process 0.00 0.00 0.00 0.00 0.00

Sub-total 1470.56 1371.14 1453.31 1527.40 1604.68
Form II : Sheet 2 2018-19 2019-20 2020-21 2021-22 2022-23
ix) Deduct : Closing stocks-in-
process
x) Cost of Production 1470.56 1371.14 1453.31 1527.40 1604.68

xi) Add : Opening stock of
finished goods 0.00 120.25 130.00 140.00 145.00
SUB-TOTAL 1470.56 1491.39 1583.31 1667.40 1749.68

xii) Deduct closing stock of
finished goods 120.25 130.00 140.00 145.00 150.00
xiii SUB-TOTAL ( Total cost 1350.31 1361.39 1443.31 1522.40 1599.68

of sales)
6 Selling general and administrtive
expenses 21.98 22.29 23.58 24.93 26.34
7 SUB-TOTAL (5+6) 1372.28 1383.69 1466.89 1547.33 1626.01
8 Operating profit before interest 92.72 102.60 105.36 114.71 129.78

( 3-7 )
9 Interest 49.33 45.07 39.89 34.72 29.54
10 Operating profit after interest 43.39 57.54 65.47 80.00 100.24

( 8-9 )
11 (i) Add other non-operating income
Specify :a)
b)
c)
d)
Sub-total ( income ) 0.00 0.00 0.00 0.00 0.00
(ii) Deduct other non-operating expenses
(a) Preliminary Expenses

Written off
Sub-total ( expenses ) 0.00 0.00 0.00 0.00 0.00

(iii) Net of other non-operating 0.00 0.00 0.00 0.00 0.00
income/expenses
12 Profit before tax/loss[10+11(iii)] 43.39 57.54 65.47 80.00 100.24
13 Provision for taxes 13.02 17.26 19.64 24.00 30.07
14 Net profit/loss ( 12-13 ) 30.37 40.28 45.83 56.00 70.17

15 (a) Equity dividend paid-amt/
Drawings 0.00 0.00 0.00 0.00 0.00
16 Retained profit ( 14-15 ) 30.37 40.28 45.83 56.00 70.17

17 Retained profit/Net profit (% age 100.00 100.00 100.00 100.00 100.00
LIABILITIES STATEMENT
Name of Account M/s M/S SDP STONES

Sheet 1 AS PER BALANCE SHEET AS AT 31st MARCH
Rs in Lacs
0 2018-19 2019-20 2020-21 2021-22 2022-23
CURRENT LIABILITIES I II III IV V
1 Short-term borrowings from

banks(including bills purchased,
discounted & excess borrowing
placed on repayment basis)
(i.) From applicant banks 200.00 200.00 200.00 200.00 200.00
(ii.) From other banks
(iii) Of which BP & BD
SUB TOTAL 200.00 200.00 200.00 200.00 200.00
2 Short term borrowings from

others
3 Sundry Creditors (Trade) 53.00 48.92 52.41 55.40 58.53
4 Advance payments from custo-

mers/deposits from dealers
5 Provision for taxes 0.00 0.00 0.00 0.00 0.00
6 Dividend payable
7 Other statutory liabilities

(due within one year)
8 Deposits/instalments of term 0.00 0.00 0.00 0.00 0.00

loans/DPGs/Debentures,etc.
(due within one year)
9 Other current liabilities &

provisions(due within 1 Yr)
(specify major items) 14.28 18.61 21.06 25.50 31.65
a) Out standing expenses 14.28 18.61 21.06 25.50 31.65
b)
c)
d)
SUB-TOTAL (B) 67.28 67.53 73.47 80.90 90.18
TOTAL CURRENT LIABILITIES 267.28 267.53 273.47 280.90 290.18

TERM LIABILITIES
Rs. in Lacs
2018-19 2019-20 2020-21 2021-22 2022-23
Sheet 2 Proj. Proj. Proj. Proj. Proj.
11 Unsecured Loan(not maturing 0.00 0.00 0.00 0.00 0.00

within one year)
12 Subsidy
13 Term loans(excluding instalment) 262.50 212.50 162.50 112.50 62.50

payable within one year)
14 Deferred Payment Credits

(excluding instalments due
within one year)
15 Term deposits (repayable

after one year)
16 Loans from Directors 0.00 0.00 0.00 0.00 0.00
17 TOTAL TERM LIABILITIES 262.50 212.50 162.50 112.50 62.50
18 TOTAL OUTSIDE LIABILITIES 529.78 480.03 435.97 393.40 352.68
NET WORTH
19 Partners capital 300.00 300.00 300.00 300.00 300.00
20 General reserve 30.37 70.65 116.48 172.48 242.64
21 Revaluation reserve
22 Other reserve (excluding

provisions)
23 Surplus (+) or deficit (-) in

Profit & Loss Account
23a Others (specify) 0.00 0.00 0.00 3.00 3.00
0.00 0.00 0.00 3.00 3.00
b)
c)
d)
24 NET WORTH 330.37 370.65 416.48 469.48 539.64
25 TOTAL LIABILITIES 860.15 850.68 852.45 862.88 892.32

FORM III(CONTINUED)
Sheet 3
AS PER BALANCE SHEET AS AT : 31st MARCH
M/S SDP STONES Rs. in Lacs
2018-19 2019-20 2020-21 2021-22 2022-23
ASSETS Proj. Proj. Proj. Proj. Proj.
I II III IV V
26 Cash and bank balances 12.90 5.20 9.25 12.33 11.15
27 Investment (other than long 0.00 0.00 0.00 0.00 0.00
term investment)
(i) Government & other
Trustee Securities
(ii) Fixed Deposits with Banks
28 (i) Receivables other than 133.18 165.14 174.69 184.67 195.09
deferred & exports (include
bills purchased and
discounted by Banks)
(ii) Export receivables(include
bills purchased and
discounted by banks)
29 Instalments of deferred
receivables(due with in one yr.)
30 Inventory: 220.25 240.00 275.00 295.00 310.00
(i)Raw materials(including stores 100.00 110.00 135.00 150.00 160.00
& other items used in the
process of manufacture)
(a) Imported
(b) Indigenous 100.00 110.00 135.00 150.00 160.00
(ii) Stock-In-Process 0.00 0.00 0.00 0.00 0.00
(iii) Finished goods 120.25 130.00 140.00 145.00 150.00
(iv) Other Consumable Spares 0.00 0.00 0.00 0.00 0.00
(a) Imported
(b) Indigenous) 0.00 0.00 0.00 0.00 0.00
31 Advance to suppliers of raw 0.00 0.00 0.00 0.00 0.00
materials & stores and spares
32 Advance payment of taxes 13.02 17.26 19.64 24.00 30.07
33 Other Current assets
(Specify major items) 0.00 0.00 0.00 0.00 0.00
advance 0.00 0.00 0.00 0.00 0.00
b)
c)
d)
34 TOTAL CURRENT ASSETS 379.35 427.60 478.59 516.00 546.31
As on 31st March
Rs. in Lacs
FIXED ASSETS 2018-19 2019-20 2020-21 2021-22 2022-23
Sheet 4 Proj. Proj. Proj. Proj. Proj.
35 Gross Block(Land & Building 516.24 516.24 516.24 516.24 516.24
machinery, work-in-process)
36 Depreciation to date 67.94 125.67 174.87 216.86 252.72
37 NET BLOCK 448.30 390.57 341.37 299.38 263.52
OTHER NON-CURRENT ASSETS
38 Investment/bookdebts/advances/ 32.50 32.50 32.50 47.50 82.50
deposits which are not current
assets
(i) a) Investment in subsidiary
Co./affiliates
b) Others 0.00 0.00 0.00 15.00 50.00
(ii) Advances to suppliers of 0.00 0.00 0.00 0.00 0.00
capital goods & contractors
(iii)Deferred receivables (maturity
exceeding one year)
(iv)Others (a) Debtors> 6 months
(b) Security Deposits 32.50 32.50 32.50 32.50 32.50
(c) Others
39 Non-consumables stores &

spares
40 Other non-current assets incl-
uding dues from Directors
41 TOTAL OTHER NON-CURR. ASSETS 32.50 32.50 32.50 47.50 82.50
42 Intangible assets (patents, 0.00 0.00
goodwill, prelim.expenses, bad/
doubtful exp.not provided for etc)
43 TOTAL ASSETS(34+37+41+42) 860.15 850.67 852.45 862.88 892.33
0.00 0.00 0.00 0.00 0.00
Investment in Associates 0.00 0.00 0.00 0.00 0.00
44 NET WORKING CAPITAL 112.07 160.08 205.11 235.10 256.13

CURRENT RATIO 1.42 1.60 1.75 1.84 1.88
TNW 330.37 370.65 416.48 469.48 539.64
TOL/TNW 1.60 1.30 1.05 0.84 0.65
Total Term Liability/TNW 0.79 0.57 0.39 0.24 0.12
DIFFERENCE IN B/S 0.00 0.00 0.00 0.00 0.00
TOL/TNW (loan from directors 1.77 1.60 1.45 1.31 1.18
taken as quasi capital)
ABF ASSESSMENT
M/S SDP STONES As on 31st March
Rs. in Lacs
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
Total CA 379.35 427.60 478.59 516.00 546.31 583.07
Other CL(Except Bank Borr.) 67.28 67.53 73.47 80.90 90.18 102.88
Working Capital Gap 312.07 360.08 405.11 435.10 456.13 480.19
Net Working Capital (Act./Proj) 112.07 160.08 205.11 235.10 256.13 280.19
Assessed Bank Finance 200.00 200.00 200.00 200.00 200.00 200.00
NWC to TCA (%) 29.54 37.44 42.86 45.56 46.88 48.05
Bank Finance to TCA % 52.72 46.77 41.79 38.76 36.61 34.30
S. Cr. To TCA (%) 13.97 11.44 10.95 10.74 10.71 10.86
Other CL to TCA (%) 21.23 27.56 28.67 31.52 35.10 38.48
Check Total(12+13+14+15) 117.46 123.21 124.27 126.58 129.31 131.69
2015-16 2016-17 2017-18 2018-19 2019-2020 2019-2020

NWC to TCA (%) 29.54 37.44 42.86 45.56 46.88 48.05

Bank Finance to TCA % 52.72 46.77 41.79 38.76 36.61 34.30
Other CL to TCA (%) 35.20 39.00 39.62 42.26 45.81 49.33
Check Total 117.46 123.21 124.27 126.58 129.31 131.69

M/S SDP STONES
Sales & Expenses projection
30.37 40.28 45.83 56.00 70.17 88.42 99.49
Particulars 2019 2020 2021 2022 2023 2024 2025
No. of Water Based Multi Cutting Machines

(Marble) 2 2 2 2 2 2 2
No. of Working Hours (two shifts) 16 16 16 16 16 16 16
Output per day ( in Sq. Ft) 2400 2400 2400 2400 2400 2400 2400
No.of days 325 325 325 325 325 325 325
Output at 100% Capacity 780000 780000 780000 780000 780000 780000 780000
Capacity of 1 Machines (sq.ft) 780000 780000 780000 780000 780000 780000 780000
Capacity Utlisation (%) 70.00% 74.00% 76.00% 78.00% 80.00% 84.00% 85.00%
Projected Output (in Sq.Ft) 546000 577200 592800 608400 624000 655200 663000
Projected Output ( Rounded off) 546000 577200 592800 608400 624000 655200 663000
Selling Rate per Sq.Ft (Rs) 250.00 257.50 265.23 273.18 281.38 289.82 298.51
Total Sale value of Production ### 1486.29 1572.25 1662.04 1755.79 1898.89 1979.14
Actual Sales ### 1486.29 1572.25 1662.04 1755.79 1898.89 1979.14
Sales Growth NA 101.45% 105.78% 105.71% 105.64% 108.15% 104.23%
Cost of Raw Materials consumed ### 1174.03 1257.80 1329.63 1404.63 1519.11 1583.31
30.37 40.28 45.83 56.00 70.17 88.42 99.49
Particulars 2019 2020 2021 2022 2023 2024 2025
Cost of Segments per year for 2 machines(Rs.
Lakhs) 25.94 27.42 28.16 31.15 32.76 34.40 34.81
Other Consumables(1%of sales) 13.65 14.86 15.72 16.62 17.56 18.99 19.79
Salary and Wages 16.44 18.08 18.99 19.94 20.93 21.98 23.08
Power Charges 22.12 25.67 26.95 28.30 29.72 31.20 32.76
Repair and Maintenance 1.20 1.32 1.45 1.60 1.76 1.93 2.13
Land Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Transportation & Freight (2% of sales) 29.30 29.73 31.45 33.24 35.12 37.98 39.58
Other Manufacturing Expenses(1.5%) 21.98 22.29 23.58 24.93 26.34 28.48 29.69
Add : Opening Stock of (SFG +FG) 0.00 120.25 130.00 140.00 145.00 150.00 155.00
Less: Closing Stock of (SFG+FG) 120.25 130.00 140.00 145.00 150.00 155.00 160.00
Total Manufacturing Expenses ### 1303.66 1394.11 1480.41 1563.81 1689.08 1760.15
Selling And Admin Expenses 21.98 22.29 23.58 24.93 26.34 28.48 29.69
Depreciation 67.94 57.74 49.20 41.99 35.86 30.65 26.26
Interest on Working Capital 20.70 20.70 20.70 20.70 20.70 20.70 20.70
Interest on Term Loan 28.63 24.37 19.19 14.02 8.84 3.67 0.22
Total Expenses ### 1428.75 1506.78 1582.04 1655.55 1772.57 1837.01
Profit Before Tax 43.39 57.54 65.47 80.00 100.24 126.32 142.13
Provision for Tax 13.02 17.26 19.64 24.00 30.07 37.90 42.64
Profit After Tax 30.37 40.28 45.83 56.00 70.17 88.42 99.49
M/S SDP STONES
Projected Profit & Loss account 0.00 0.00 0.00 0.00 0.00 0.00 0.00
30.37 40.28 45.83 56.00 70.17 88.42 99.49
Particulars 2019 2020 2021 2022 2023 2024 2025
Income Projection
Gross Sales ( Total) ### ### ### ### ### 1898.89 ###
Domistc Sales 1465.00 1486.29 1572.25 1662.04 1755.79 1898.89 1979.14
Manufacturing Expenses
Raw Materials 1272.00 1174.03 1257.80 1329.63 1404.63 1519.11 1583.31
Segments 25.94 27.42 28.16 31.15 32.76 34.40 34.81
Consumables(1%of sales) 13.65 14.86 15.72 16.62 17.56 18.99 19.79
Salary and Wages 16.44 18.08 18.99 19.94 20.93 21.98 23.08
Power Charges 22.12 25.67 26.95 28.30 29.72 31.20 32.76
Land Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repair and Maintenance 1.20 1.32 1.45 1.60 1.76 1.93 2.13
Transportation & Freight 29.30 29.73 31.45 33.24 35.12 37.98 39.58
Other Manufacturing Expenses 21.98 22.29 23.58 24.93 26.34 28.48 29.69
Add : Opening Stock of FG 0.00 120.25 130.00 140.00 145.00 150.00 155.00
Less: Closing Stock of FG 120.25 130.00 140.00 145.00 150.00 155.00 160.00
Total manufacturing expenses ### ### ### ### ### 1689.08 ###
Admin and selling Expenses 21.98 22.29 23.58 24.93 26.34 28.48 29.69
Profit Before Intt., Dep. & Tax 160.66 160.34 154.56 156.70 165.64 181.33 189.30
Interest on Working Capital 20.70 20.70 20.70 20.70 20.70 20.70 20.70
Operating Profit Before Dep. & Tax 111.32 115.27 114.67 121.98 136.10 156.97 168.39
Depreciation 67.94 57.74 49.20 41.99 35.86 30.65 26.26
Preliminary Expenses W/O 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Profit after dep. 43.39 57.54 65.47 80.00 100.24 126.32 142.13
Add. Net non operative income 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit Before Tax 43.39 57.54 65.47 80.00 100.24 126.32 142.13
Less: Provision for Income Tax 13.02 17.26 19.64 24.00 30.07 37.90 42.64
Profit After Tax 30.37 40.28 45.83 56.00 70.17 88.42 99.49
Computation of DSCR 30.37
Years -> 2019 2020 2021 2022 2023 2024 2025
Particulars Projection
Profit After Tax 30.37 40.28 45.83 56.00 70.17 88.42 99.49
Depreciation 67.94 57.74 49.20 41.99 35.86 30.65 26.26
Preliminary Exp. W/o 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Funds From Operation 126.94 122.38 114.22 112.00 114.87 122.74 125.96
Debt Obligation
Installment on term loan 37.50 50.00 50.00 50.00 50.00 50.00 12.50
Total Debt obligations 66.13 74.37 69.19 64.02 58.84 53.67 12.72
Yearwise DSCR (in times) 1.92 1.65 1.65 1.75 1.95 2.29 9.91
Average DSCR (in times) 2.10
M/S SDP STONES
Projected Balance Sheet
0.00 0.00 0.00 0.00 0.00 0.00 0.00
LIABILITIES 2019 2020 2021 2022 2023 2024 2025
Projn
Capital ( Partners)
Opening Balance (Capital) 0.00 300.00 300.00 300.00 300.00 300.00 300.00
Addn. During the year 300.00 0.00 0.00 0.00 0.00 0.00 0.00
Add. Net Profit + reserve 30.37 70.65 116.48 172.48 242.64 331.07 430.56
Less. Drawings 0.00 0.00 0.00 3.00 3.00 3.00 3.00
Closing Balance 330.37 370.65 416.48 469.48 539.64 628.07 727.56
Unsecured Loans from Family 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long Term Liabilities
Term Loan 262.50 212.50 162.50 112.50 62.50 12.50 0.00
Total term liabilities 262.50 212.50 162.50 112.50 62.50 12.50 0.00
Current Liabilities & Provisions
Working Capital CC 200.00 200.00 200.00 200.00 200.00 200.00 200.00
Sundry Creditors 53.00 48.92 52.41 55.40 58.53 63.30 65.97
Other Current Liabilities & Provisions 14.28 18.61 21.06 25.50 31.65 39.58 44.41
Total Current Liabilities 267.28 267.53 273.47 280.90 290.18 302.88 310.38
Total Liabilities 860.15 850.68 852.45 862.88 892.32 943.45 ###
ASSETS
Fixed Assets
Gross Block 516.24 516.24 516.24 516.24 516.24 516.24 516.24
Less:Depreciation 67.94 125.67 174.87 216.86 252.72 283.37 309.63
Net Block 448.30 390.57 341.37 299.38 263.52 232.87 206.61
Current Assets
Inventories
Stock of Raw materials/consumables 100.00 110.00 135.00 150.00 160.00 170.00 180.00
Stock of Raw materials/consumables/Finished 120.25 130.00 140.00 145.00 150.00 155.00 160.00
Sundry Debtors 133.18 165.14 174.69 184.67 195.09 210.99 219.90
Cash & Bank Balance 12.90 5.20 9.25 12.33 11.15 9.19 16.28
Other Current Assets - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Advance Tax 13.02 17.26 19.64 24.00 30.07 37.90 42.64
Total Current Assets 379.35 427.60 478.59 516.00 546.31 583.07 618.82
Non Current Assets:
Investments/Deposits 0.00 0.00 0.00 15.00 50.00 95.00 180.00
Misc Expe not Written off 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deposits & Advances 32.50 32.50 32.50 32.50 32.50 32.50 32.50
Total Assets 860.15 850.67 852.45 862.88 892.33 943.44 ###
M/S SDP STONES Annexure - 11
Key Performance Indicators 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.8131506395
Parameter 2019 2020 2021 2022 2023 2024 2025
Projn
Capital 330.37 370.65 416.48 469.48 539.64 628.07 727.56
Reserves and Surplus 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unsec Loan/Quasi Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Worth 330.37 370.65 416.48 469.48 539.64 628.07 727.56
NWC 112.07 160.08 205.11 235.10 256.13 280.19 308.45
CR 1.42 1.60 1.75 1.84 1.88 1.93 1.99
Net Sales 1465.00 1486.29 1572.25 1662.04 1755.79 1898.89 1979.14
Opg Profit (PBIDT) 160.66 160.34 154.56 156.70 165.64 181.33 189.30
PBDIT/ Sales (%) 10.97% 10.79% 9.83% 9.43% 9.43% 9.55% 9.56%
NPBT 43.39 57.54 65.47 80.00 100.24 126.32 142.13
NPAT 30.37 40.28 45.83 56.00 70.17 88.42 99.49
NPAT / Sales (%) 2.07% 2.71% 2.91% 3.37% 4.00% 4.66% 5.03%
Depreciation 67.94 57.74 49.20 41.99 35.86 30.65 26.26
D:E Ratio 0.79 0.57 0.39 0.24 0.12 0.02 0.00
TOL/TNW 1.60 1.30 1.05 0.84 0.65 0.50 0.43

M/S SDP STONES
BREAKEVEN ANALYSIS
No PARTICULARS 1 YR 2 YR 3 YR 4 YR 5 YR
As on 31st March 2019 2020 2021 2022 2023
A. SALES 1465.00 1486.29 1572.25 1662.04 1755.79
B VARIABLE EXPENSES
Raw Materials 1272.00 1174.03 1257.80 1329.63 1404.63
Segments 25.94 27.42 28.16 31.15 32.76
Consumables 13.65 14.86 15.72 16.62 17.56
Salary and Wages 16.44 18.08 18.99 19.94 20.93
Power Charges 22.12 25.67 26.95 28.30 29.72
Repair and Maintenance 1.20 1.32 1.45 1.60 1.76
Transportation (2% of sales) 29.30 29.73 31.45 33.24 35.12
Other Manufacturing Expenses(1.5%) 21.98 22.29 23.58 24.93 26.34
Interest on Working Capital 20.70 20.70 20.70 20.70 20.70
Increase / Decrease in Inventory -120.25 -9.75 -10.00 -5.00 -5.00
SUB TOTAL B 1303.07 1324.36 1414.81 1501.11 1584.51
C CONTRIBUTION (A-B) 161.93 161.93 157.45 160.93 171.28
D. FIXED EXPENSES
1 Depreciation 67.94 57.74 49.20 41.99 35.86
2 Preliminary Exp. W/o 0.00 0.00 0.00 0.00 0.00
3 Land Rent 0.00 0.00 0.00 0.00 0.00
3 Selling & Genl expenses 21.98 22.29 23.58 24.93 26.34
4 Interest on Term loans 28.63 24.37 19.19 14.02 8.84
SUB TOTAL D 118.54 104.40 91.98 80.93 71.04
E OPERATING PROFIT(C-D) 43.39 57.54 65.47 80.00 100.24
F. BREAK EVEN SALES
(D X A)\C 1072.46 958.18 918.46 835.87 728.23
G. Break - Even % of Sales 73% 64% 58% 50% 41%
Rs. In lacs Rs. In lacs
6 YR 7 YR
2024 2025
1898.89 1979.14
1519.11 1583.31
34.40 34.81
18.99 19.79
21.98 23.08
31.20 32.76
1.93 2.13
37.98 39.58
28.48 29.69
20.70 20.70
-5.00 -5.00
1709.78 1780.85
189.11 198.29
30.65 26.26
0.00 0.00
0.00 0.00
28.48 29.69
3.67 0.22
62.80 56.16
126.32 142.13
630.53 560.51
33% 28%
M/S SDP STONES
SECURITY MARGIN & ASSET COVERAGE:
No Particulars At start 2020 2021 2022 2023 2024
a Cost of FA/ WDV 448.30 390.57 341.37 299.38 263.52 232.87

b T L Outstanding 262.50 212.50 162.50 112.50 62.50 12.50
c Margin (a-b) 185.80 178.07 178.87 186.88 201.02 220.37
d Asset coverage (a/b) 1.71 1.84 2.10 2.66 4.22 18.63
e Security Margin (c/a) 41% 46% 52% 62% 76% 95%
CREDIT MONITORING DATA BASE
NAME OF THE COMPANY : M/S SHRIM STONES

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
FORM II OPERATING STATEMENT
PROJECTION PROJECTION
PARTICULARS 31-03-2012 31-03-2013
1 a Manufacturing sales 1465.00 1486.29

b Labour charges 0.00 0.00
C Other income 0.00 0.00
Total 1465.00 1486.29

Less Excise duty paid 0.00 0.00
2 Total 1465.00 1486.29
% age rise or fall in net sales as
compared to previous year
3 COST OF SALES
I Raw materials (including stores
& other items used in the process
of manufacture
a. Imported 0.00 0.00
b. Indigenous 1272.00 1174.03
Sub - total 1272.00 1174.03
II Consumable stores & spares
a. Imported 0.00 0.00
b. Indigenous 39.59 42.28
Sub - total 39.59 42.28
iii Power & Fuel 22.12 25.67
iv Labour Charges 0.00 0.00
v Repairs & Maintenance 1.20 1.32
vi Salaries & Wages 16.44 18.08
vii Other manufacturing expenses 21.98 22.29
viii Transportation 29.30 29.73
Sub - total 91.04 97.09
ix Depreciation 67.94 57.74
Sub - total 1470.56 1371.14
4 i Add Opening Stocks of SFG 0.00 0.00
ii Ded Closing Stocks of SFG 0.00 0.00
COST OF PRODUCTION 1470.56 1371.14
iii Add Opening Stocks of FG 0.00 120.25
iv Ded Closing Stocks of FG 120.25 130.00
COST OF SALES 1350.31 1361.39
Cost of Sales - % age of Sales 92.17% 91.60%
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
FORM II OPERATING STATEMENT
PARTICULARS 31-03-2012 31-03-2013
5 Selling, Gen & Admin Expenses 21.98 22.29
6 SUB TOTAL (4+5) 1372.28 1383.69
7 Op. Profit before interest 92.72 102.60
8 Interest 49.33 45.07
9 Op. Profit after interest 43.39 57.54

% age of Net Sales 2.96% 3.87%
10 I Add other non op. income

a Interest/ Discount received 0.00 0.00
b Increase / Decrease in inventory 0.00 0.00
Sub total (income) 0.00 0.00
II Ded. other non op. expenses
a Preliminery expenses w/o 0.00 0.00
c Directors Remuneration 0.00 0.00
Sub total (expenses) 0.00 0.00
Net of other non operating
11 iii income / expenses - -
12 PROFIT BEFORE TAX 43.39 57.54
14 Provision for Taxation 13.02 17.26
15 NET PROFIT/LOSS 30.37 40.28
16 Less Dividend paid/payable 0.00 0.00

Rate of Dividend (%) 0.00 0.00
17 Retained Profit 30.37 40.28
18 Retained profit / Net Profit ( % age) 100% 100%
PBT / NET Sales % 2.96% 3.87%
18 Net Profit / Net Sales % 2.07% 2.71%

ANALYSIS OF BALANCE SHEET
PARTICULARS 31-03-2012 31-03-2013
LIABILITIES
CURRENT LIABILITIES
1 Short term borrowings from banks
(incl BP/BD and the excess
borrowings placed on repayment
but exclude bills drawn under LCs)
i From bank 200.00 200.00
ii (of which BP/BD ) 0.00 0.00
Sub Total (A) 200.00 200.00
2 Short term borrowings from others 0.00 0.00

3 Sundry creditors (Goods & Services) 53.00 48.92
4 Advances payments from
customers, / deposits from dealers 0.00 0.00
5 Provision for taxes 0.00 0.00
6 Dividend payable 0.00 0.00
7 Other statutory liabilities 0.00 0.00
8 Deposits / Instalments of
term loans/DPGs/debentures etc
(due within one year) 0.00 0.00
9 Other current liabilities
& provisions(due within one year
specify major items
i Outstanding Liabilities 14.28 18.61
ii Duties & Taxes
Sub Total (B) 67.28 67.53
10 TOTAL CURRENT LIABILITIES 267.28 267.53

FORM III
PARTICULARS 31-03-2012 31-03-2013
TERM LIABILITIES
11 Unsecured Loans 0.00 0.00
12 Preference shares (redeemable
after one year) 0.00 0.00
13 Term Loans ( Exclusive of instalments
payable within one year) 262.50 212.50
15 Term deposits (repayable after 1 year) 0.00 0.00
16 Other term liabilities 0.00 0.00
16 TOTAL TERM LIABILITIES 262.50 212.50
17 TOTAL OUTSIDE LIABILITIES 529.78 480.03
NETWORTH
18 Paid up capital 300.00 300.00
19 Profit & Loss account 30.37 70.65
21 Misc Exp.outstanding(not w/o) 0.00 0.00
22 Drawings 0.00 0.00
23 NET WORTH 330.37 370.65
24 TOTAL LIABILITIES 860.15 850.68

PARTICULARS 31-03-2012 31-03-2013
ASSETS
CURRENT ASSETS
25 Cash & bank balances 12.90 5.20
26 Investments other than
long term investments 0.00 0.00
I Government & other
trustee securities/CP,CD,MF 0.00 0.00
ii Fixed deposits with bks 0.00 0.00
27 I Recievables other than deferred
export recievables ( incl BP/BD
excluding BP/BD by Banks
drawn under LCs) 133.18 165.14
ii Export recievables (Excluding
bills purchased and discounted
by banks drawn under LCs 0.00 0.00
28 Instalments of deferred
recievables (due within one year) 0.00 0.00
29 INVENTORY
I Raw material (including stores &
other items used in the process of
manufacture
a Imported
b Indigenous Err:509 Err:509
ii Semi Finished Goods Err:509 Err:509
iii Finished Goods 120.25 130.00
iv Consumable Stores and Spares
a Imported
b Indigenous 0.00 0.00
30 Advances to suppliers of
raw materials 0.00 0.00
31 Advance payment of taxes 13.02 17.26
32 Other current assets
(Specify major ones)
i TDS 0.00 0.00
iii Advance to Staff 0.00 0.00
iii Others 0.00 0.00
33 TOTAL CURRENT ASSETS Err:509 Err:509

PARTICULARS 31-03-2012 31-03-2013
FIXED ASSETS
34 GROSS BLOCK 516.24 516.24
35 Less Depreciation 67.94 125.67
36 NET BLOCK 448.30 390.57
OTHER NON CURRENT ASSETS

37 a Investments/book debts/
advances/deposits, which
are not current assets
b Investments in subsidiary
companies / affiliates 0.00 0.00
c Other non current assets
i Receivables more than 6 months 0.00 0.00
ii BESCOM Deposit 32.50 32.50
iii Sales Tax Deposit 0.00 0.00
iv Telephone Deposit 0.00 0.00
v Rent Deposit 0.00 0.00
38 Non consumable stores 0.00 0.00
39 Other non-current assets 0.00 0.00
40 TOTAL NON CURR.ASSETS 32.50 32.50
41 Intangible assets 0.00 0.00
42 TOTAL ASSETS Err:509 Err:509
43 TANGIBLE NET WORTH 330.37 370.65

45 NET WORKING CAPITAL 112.07 160.08
46 CURRENT RATIO 0.00 0.00
47 TOL / TNW RATIO 1.60 1.30
ADDITIONAL INFORMATION
I ICDs placed 0.00 0.00
ii ICDs taken 0.00 0.00
iii Bk fin for bills under LC 0.00 0.00
iv Inv. in CP /CD / MF 0.00 0.00
v Disputed indirect tax 0.00 0.00
vi Others 0.00 0.00
Diff.in balance sheet * Err:509 Err:509
FORM IV
COMPARITIVE POSITION OF CURRENT ASSETS AND CURRENT LIABILIITIES

As Per Balance Sheet as at
PARTICULARS 31-03-2012 31-03-2013
A. CURRENT ASSETS
1 Raw Materials (including stores &

other items used in the procees of manf.)
a Imported 0.00 0.00
months of consumption : 0.00 0.00
b Indigenous Err:509 Err:509
2 Other Consumable spares
(excluding those included in
(I) above)
a Imported 0.00 0.00
b Indigenous 0.00 0.00
months of consumption : (0.00) (0.00)
3 Semi Finished Goods Err:509 Err:509
months cost of production. 0.00 0.00
4 Finished Goods : 120.25 130.00
months cost of sales: 0.00 (1.06)
5 Receivables other than
deferred and export receivables
(including non-LC/bills purchased
and discounted by banks) 133.18 165.14
months domestic sales (1.09) (1.33)
excluding deferred payment sales
6 Export receivables
(incl.non LC bills purchased
and discounted by banks) 0.00 0.00
months export sales: (0.00) (0.00)
7 Advance to suppliers 0.00 0.00
8 Other current assets
incl. cash & bank balances
& deferred recievables
due with in one year 25.92 22.46
9 TOTAL CURRENT ASSETS Err:509 Err:509

As item (34) of Balance sheet Err:509 Err:509
FORM IV
COMPARITIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

PARTICULARS 31-03-2012 31-03-2013
A. CURRENT LIABILITIES
(other than bank borrowings
for working capital)
PURCHASES 1311.59 1216.31
10 Creditors for purchase of
raw materials,stores &
consumable spares: 53.00 48.92
Mth's purchases (0.50) (0.50)
11 Short Term borrowings for Others 0.00 0.00
11 Advance from customers 0.00 0.00
12 Statutory liabilities 0.00 0.00
13 Provision for Taxation 0.00 0.00
14 DPG/TL Instalments falling due within 1 year 0.00 0.00
15 Other current liabilities

specify major items
ii Outstanding Liabilities 14.28 18.61
ii Duties & Taxes 0.00 0.00
Sub Total (B) 14.28 18.61
16 Total Other Current liabilities 67.28 67.53
As item (10) of Balance sheet 67.28 67.53

WORKING CAPITAL ASSESSMENT CALCULATION UNDER ABS METHOD
Projections Projections
31-03-2013 31-03-2014
1 Total Current Assets (TCA) Err:509 Err:509
2 Oth.Cur.liabilities (OCL) 67.53 73.47

(Other than Bank Borrowing)
3 Working Capital Gap (WCG) Err:509 Err:509
4 Net Working Capital (NWC) 160.08 205.11

(Actuals/Projected)
5 Assessed Bank Finance (ABF) Err:509 Err:509
6 NWC to TCA (%) 0.00% 0.00%
7 Bank Finance to TCA (%) 0.00% 0.00%
8 Sundry Creditors to TCA (%) 0.00% 0.00%
9 Other CL to TCA (%) Err:509 Err:509

(other than Bk.finance & SCrs)
10 Inventories to Net Sales (days) 0 0
11 Receivables to Gross Sales (days) 41 41
12 S.Creditors to Purchases (days) 15 15
13 Net Profit / Net sales % 2.71% 2.91%

(AMOUNT - Rs in lacs)
As per balance sheet as at
31-03-2013 31-03-2014
1 SOURCES OF FUNDS
a Net Profit (after tax) less drawings 40.28 45.83
b Depreciation 57.74 49.20
c Misc Exp W/0 0.00 0.00
d Increase in Term liabilities
(incl. public deposits) 0.00 0.00
e Decrease in
I Fixed Assets 0.00 0.00
ii Other non-current assets 0.00 0.00
f Others - Preliminery expenses w/o 0.00 0.00
1 TOTAL SOURCES OF FUNDS 98.01 95.03
2 USES OF FUNDS
a Net loss 0.00 0.00
b Decrease in Term liabilities
( including public deposits) 50.00 50.00
c Increase in
I Fixed Assets 0.00 0.00
ii Other non-current assets 0.00 0.00
d I Dividend payable /paid 0.00 0.00
Others - Preliminery expenses 0.00 0.00
2 TOTAL USES OF FUNDS 50.00 50.00
a Long Term Surplus /Deficit 48.01 45.03

b Increase/(-)decrease in
Current Assets * (as per
details given below) Err:509 Err:509
c Increase/(-)decrease in
Current liabilities other
than bank borrowings 0.25 5.94
d Increase/(-)decrease in
Working Capital gap Err:509 Err:509
3 Net Surplus /Deficit Err:509 Err:509

4 Increase/(-)decrease in
Bank borrowings 0.00 0.00
5 Increase/decrease in Net Sales 21.29 85.96

31-03-2013 31-03-2014
I Long Term Sources 98.01 95.03

ii Long term Uses 50.00 50.00
Surplus/Deficit 48.01 45.03
I Short term sources 0.25 5.94
ii Short term uses Err:509 Err:509
Surplus/Deficit Err:509 Err:509
BREAKUP OF ITEM NO(4) FORM VI - FUND FLOW STATEMENT
31-03-2013 31-03-2014
I Increase/(-)decrease in
Raw Materials Err:509 Err:509
ii Increase/(-)decrease in
Stocks in process Err:509 Err:509
iii Increase/(-)decrease in
Finished Goods 9.75 10.00
iv Increase/(-)decrease in
Receivable 31.96 9.55
v Increase/(-)decrease in
Stores & Spares - 0.00
vi Increase/(-)decrease in
other current assets (3.46) 6.43
Total increase/Decrease in OCA Err:509 Err:509
As per item (4) in Funds Flow statement Err:509 Err:509

ANALYTICAL RATIOS
No PARTICULARS 31-03-2012 31-03-2013
a PBDIT 160.66 160.34
b Net Profit / Sales 2.07% 2.71%
c Net Profit / Total Funds 3.53% 4.73%
d Cash Accruals 98.31 98.01
e Retained acccruals 98.31 98.01
f Retained accruals/Cash accruals 100% 100%
g PBDIT / Net Sales 10.97% 10.79%
h PBDIT / Interest 3.26 3.56
I ROCE % (PBDIT / TTA %) Err:509 Err:509
j INV. + REC / NET SALES IN DAYS Err:509 Err:509
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS AS PER TURNOVER MEHTOD
PARTICULARS 31-03-2012 31-03-2013
I Projected Annual Turnover 2197.50 1486.29

II 25 % of PAT 549.38 371.57
III LESS 5% of PAT 109.88 74.31
IV Eligble Bank Borrowings 439.50 297.26
V Actual Bank Borrowings /
Bank limit recommended 200.00 200.00
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS AS PER TRADITIONAL METHOD
PARTICULARS 31-03-2012 31-03-2013
I Total Current Assets Err:509 Err:509

II Other Current liabilities 67.28 67.53
III Working Capital Gap Err:509 Err:509
IV 25 % of item III Err:509 Err:509
V Actual / Projected NWC 112.07 160.08
VI Item III - Item IV Err:509 Err:509
VII Item III - Item V Err:509 Err:509
Actual Bank Borrowings / Bank limit
VIII recommended Err:509 Err:509
EFFICIENCY RATIOS
No Particulars Projected Projected

1 Net Sales to Total Tangible Assets (times) Err:509 Err:509
2 PBT to Total Tangible Assets (%) Err:509 Err:509
3 Operating cost / Sales (%) 92.17% 91.60%
4 Bank Finance to Current Assets (%) Err:509 Err:509
5 Inventory + Receivables to Net Sales (days) Err:509 Err:509
KEY PERFORMANCE AND FINANCIAL INDICATORS
No Particulars 2009 2010

Aud. Aud.
1 Net Sales 1465.00 1486.29
2 Operating profit 92.72 102.60
3 PBT 43.39 57.54
4 PBT/ Net sales % 2.96% 3.87%
5 PAT 30.37 40.28
6 Cash accruals 98.31 98.01
7 PBDIT 160.66 160.34
8 Capital 300.00 300.00
9 TNW 330.37 370.65
10 Adjusted TNW * 330.37 370.65
11 TOL / TNW 1.60 1.30
12 TOL / Adjusted TNW * 1.60 1.30
13 Net working capital 112.07 160.08
14 Current ratio 0.00 0.00
HOLDING LEVELS OF INVENTORY , CARRY PERIODS OF RECEIVABLES & S.CRS
No Inventory / Payments Projected Projected

2012 2013
1 Raw material 0.00 0.00
2 Consumables Spares (0.00) (0.00)
3 Semi-Finished Goods 0.00 0.00
4 Finished Goods 0.00 (1.06)
5 Receivables (1.09) (1.33)
6 S. Creditors (0.50) (0.50)
ASSESSMENT OF WCR AS PER ABF METHOD
No Particulars Projected Projected

2013 2014
1 Total Current Assets (TCA) Err:509 Err:509
2 Other Current Liabilities (OCL) 67.53 73.47
3 Working Capital Gap Err:509 Err:509
4 Net Working Capital 160.08 205.11
5 Assessed Bank Finance Err:509 Err:509
6 NWC to TCA % 0.00% 0.00%
7 Bank Finance to TCA % 0.00% 0.00%
8 Other Current Liabilities to TCA% Err:509 Err:509
9 S. Creditors to TCA % 0.00% 0.00%
BASE
NES
REQUIREMENTS
MENT
(Rs. in lacs)
31-03-2014 31-03-2015
1572.25 1662.04
0.00 0.00
0.00 0.00
1572.25 1662.04
0.00 0.00
1572.25 1662.04
0.00 0.00
1257.80 1329.63
1257.80 1329.63
0.00 0.00
43.88 47.77
43.88 47.77
26.95 28.30
0.00 0.00
1.45 1.60
18.99 19.94
23.58 24.93
31.45 33.24
102.42 108.01
49.20 41.99
1453.31 1527.40
0.00 0.00
0.00 0.00
1453.31 1527.40
130.00 140.00
140.00 145.00
1443.31 1522.40
91.80% 91.60%
NES
REQUIREMENTS
MENT
(Rs. in lacs)
31-03-2014 31-03-2015
23.58 24.93
1466.89 1547.33
105.36 114.71
39.89 34.72
65.47 80.00
4.16% 4.81%
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
- -
65.47 80.00
19.64 24.00
45.83 56.00
0.00 0.00
0.00 0.00
45.83 56.00
100% 100%
4.16% 4.81%
2.91% 3.37%
NES
ANCE SHEET
(Rs. in lacs)
31-03-2014 31-03-2015
200.00 200.00
0.00 0.00
200.00 200.00
0.00 0.00
52.41 55.40
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
21.06 25.50
73.47 80.90
273.47 280.90
NES
ANCE SHEET
(Rs. in lacs)
31-03-2014 31-03-2015
0.00 0.00
0.00 0.00
162.50 112.50
0.00 0.00
0.00 0.00
162.50 112.50
435.97 393.40
300.00 300.00
116.48 172.48
0.00 0.00
0.00 3.00
416.48 469.48
852.45 862.88
NES
ANCE SHEET
(Rs. in lacs)
31-03-2014 31-03-2015
9.25 12.33
0.00 0.00
0.00 0.00
0.00 0.00
174.69 184.67
0.00 0.00
0.00 0.00
Err:509 Err:509
Err:509 Err:509
140.00 145.00
0.00 0.00
0.00 0.00
19.64 24.00
0.00 0.00
0.00 0.00
0.00 0.00
Err:509 Err:509
NES
ANCE SHEET
(Rs. in lacs)
31-03-2014 31-03-2015
516.24 516.24
174.87 216.86
341.37 299.38
0.00 15.00
0.00 0.00
32.50 32.50
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
32.50 47.50
0.00 0.00
Err:509 Err:509
416.48 469.48
205.11 235.10
0.00 0.00
1.05 0.84
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
Err:509 Err:509
NES
URRENT LIABILIITIES
31-03-2014 31-03-2015
0.00 0.00
0.00 0.00
Err:509 Err:509
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
(0.00) (0.00)
Err:509 Err:509
0.00 0.00
140.00 145.00
(1.16) (1.14)
174.69 184.67
(1.33) (1.33)
0.00 0.00
(0.00) (0.00)
0.00 0.00
28.89 36.33
Err:509 Err:509
Err:509 Err:509
NES
AND CURRENT LIABILITIES

31-03-2014 31-03-2015
1301.68 1377.40
52.41 55.40
(0.50) (0.50)
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
21.06 25.50
0.00 0.00
21.06 25.50
73.47 80.90
73.47 80.90
ON UNDER ABS METHOD
HRIM STONES
Projections
31-03-2015
Err:509
80.90
Err:509
235.10
Err:509
0.00%
0.00%
0.00%
Err:509
41
15
3.37%
Projections
31-03-2015
53.00
41.99
0.00
0.00
0.00
0.00
0.00
94.99
0.00
50.00
0.00
15.00
0.00
0.00
65.00
29.99
Err:509
7.43
Err:509
Err:509
0.00
89.78
NES
et as at
Projections
31-03-2015
94.99
65.00
29.99
7.43
Err:509
Err:509
FLOW STATEMENT
Projections
31-03-2015
Err:509
Err:509
5.00
9.98
0.00
7.44
Err:509
Err:509
31-03-2014 31-03-2015
154.56 156.70
2.91% 3.37%
5.38% 6.49%
95.03 97.99
95.03 94.99
100% 97%
9.83% 9.43%
3.87 4.51
Err:509 Err:509
Err:509 Err:509
OVER MEHTOD
31-03-2014 31-03-2015
1572.25 1662.04
393.06 415.51
78.61 83.10
314.45 332.41
200.00 200.00
ITIONAL METHOD
31-03-2014 31-03-2015
Err:509 Err:509
73.47 80.90
Err:509 Err:509
Err:509 Err:509
205.11 235.10
Err:509 Err:509
Err:509 Err:509
Err:509 Err:509
Projected Projected
Err:509 Err:509
Err:509 Err:509
91.80% 91.60%
Err:509 Err:509
Err:509 Err:509
2011 2012
Estm. Projn.
1572.25 1662.04
105.36 114.71
65.47 80.00
4.16% 4.81%
45.83 56.00
95.03 97.99
154.56 156.70
300.00 300.00
416.48 469.48
416.48 469.48
1.05 0.84
1.05 0.84
205.11 235.10
0.00 0.00
ES & S.CRS
Projected Projected
2014 2015
0.00 0.00
(0.00) (0.00)
0.00 0.00
(1.16) (1.14)
(1.33) (1.33)
(0.50) (0.50)
Projected
2015
Err:509
80.90
Err:509
235.10
Err:509
0.00%
0.00%
Err:509
0.00%

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FUND FLOW (DETAILED)

b. Depreciation 67.94 57.74 49.20 41.99 35.86 30.65

c Increase in Capital 0.00 0.00 0.00 0.00 0.00 0.00

f Others 0.00 0.00 0.00 0.00 53.00 70.17

g. Total 98.31 98.01 95.03 97.99 159.03 189.24

d. Dividend Payment 0.00 0.00 0.00 0.00 0.00 0.00

e Others 0.00 0.00 0.00 3.00 0.00 0.00

f Total 0.00 50.00 50.00 68.00 85.00 95.00

FUNDS FLOW STATEMENT

2018-19 2019-20 2020-21 2021-22 2022-23 2023-24

4 ii Increase/decrease in Curr. Assts. 0.00 48.26 50.98 37.41 67.72 67.07

8 vi Inc./Dec. in Bank Borrowings 0.00 0.00 0.00 0.00 0.00 0.00

2019-20 2020-21 2021-22 2022-23 2023-24

Long Term Sources 98.01 95.03 97.99 159.03 189.24

2019-20 2020-21 2021-22 2022-23 2023-24

Opening balance 330.37 370.65 416.48 469.48 539.64

(Figures in italics represents holding period in months.)

If Cash Accrual>TL Installment Y Y Y Y Y

2 Cost of Project and Means of Finance

5 Schedule of Term Loan Interest and Repayment

6 Manpower and Power costs

7 Sales & Profit Projections

8 Projected Profit and Loss Account

10 Projected Balance Sheet

11 Projected Key Financial Parameters

12 Cash Flow Statement

15 Assessment of Working Capital

16 Asset Cover and Security Margin

17 Process Flow Chart

18 Slurry Process Flow Chart

Sl No Description Supplier / Make Total Cost

No. PARTICULARS Cost TL (75%)

7 Term Loan -Eligible 310.68

Term loan (Rs.lakhs) 300.00

2019 2020 2021 2022 2023 2024 2025

Domestic Sales(Gross) 1465.00 1486.29 1572.25 1662.04 1755.79

% rise/fall (-) in net sales 1.45 5.78 5.71 5.64

Profit Before tax 43.39 57.54 65.47 80.00 100.24

PBT/ Sales (%) 2.96 3.87 4.16 4.81 5.71

Profit After Tax 30.37 40.28 45.83 56.00 70.17

Cash Accrual 98.31 98.01 95.03 97.99 106.03

Paid Up Capital 300.00 300.00 300.00 300.00 300.00

TNW 330.37 370.65 416.48 469.48 539.64

TOL/TNW (times) 1.60 1.30 1.05 0.84 0.65

NWC 112.07 160.08 205.11 235.10 256.13

Current Ratio 1.42 1.60 1.75 1.84 1.88

Adjusted TNW 330.37 370.65 416.48 469.48 539.64

Adjusted TOL/TNW 1.60 1.30 1.05 0.84 0.65

Operating Cost/ sales % 97.04 96.13 95.84 95.19 94.29

Net Sales /TTA (times) 1.70 1.75 1.84 1.93 1.97

PBDIT 160.66 160.34 154.56 156.70 165.64

2018-19 2019-20 2020-21 2021-22 2022-23

Operating Cost to sales (%) 97.04 96.13 95.84 95.19 94.29

Inventory+ Receivables to net 21.71 99.49 104.40 105.34 105.00

PBDIT 160.66 160.34 154.56 156.70 165.64

RISK RATING RELATED RATIOS

1 Current Ratio 1.42 1.60 1.75 1.84 1.88

FIXED ASSET & DEPRECIATION SCHEDULE

YEARS 2019 2020 2021 2022 2023 2024 2025 2026

PARTICULARS 2019 2020 2021 2022 2023 2024 2025 2026

DEPN WDV DEPN WDV

2018-19 2019-20 2020-21 2021-22 2022-23

i. Domestic sales/Receipts 1465.00 1486.29 1572.25 1662.04 1755.79