SAMARTH KARAN (38A)

Suggestion for the LBO Model

1. Financing Structure
- Inclusion of Reserved / Restricted Cash in the Financing Structure Sheet.
There can be some need of cash for its Working Capital and day to day
activities.
2. Accelerated Repayment of Debt Option
- Though we have a consideration of 20% of debt repayment in every year but
there can be an accelerated debt repayment option in case extra cash is
available
3. Cases: Upside/Base/Downside for EBITDA
- Three cases for changes in EBITDA with a simple offset function can be
helpful to know the variation in the performance metrics