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DETAILED PROJECT REPORT

For

RICE MILL

For Finance, Subsidy & Project Related Support


Contact +91 9861458008, +91 824 939 7568,
sahoo.radhakrishna@gmail.com
FOR

OF

Administrative Office
Plot No-1554b, Sector-6, Cda, Cuttack - 753014, Odisha

Works
At/Po - Paribasudeipur, Balianta, Dist: Khurda, Odisha
M/S SONTHALIA RICE MILL
PROJECT PROFILE
SL. PARTICULARS: REMARKS:
1 I) Name of the unit : M/S.SONTHALIA RICE MILL

ii) Location
a. Administrative Office : PLOT NO-1554B, SECTOR-6, CDA,
CUTTACK - 753014, ODISHA

b.Factory Site : AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA


ODISHA

2 DIC Registration No./Date : 210171200069

3 Constitution : PARTNERSHIP FIRM

4 Promoters : SHRI SANTOSH KUMAR AGARWAL (MANAGING PARTNER)


SHRI SAURAV KUMAR AGARWAL (PARTNER)

5 Nature of Industry : RAW RICE MILLING PLANT

6 Capacity
i) Installed Capacity : 43,200 M. T. per year (9T/HR.)
ii) Utilised Capacity : I YEAR II YEAR III YEAR
40% 42% 45%
iii) No. of Days : 300 Days
iv) No. of Shifts : 2 Sifts

7 Employment : 50

8 PROJECT COST :( Rs. In Lacs) Existing Additional Total


I) Land & Site Development : 10.06 - 10.06
II) Building & Other Civil Works : 83.86 130.40 214.26
III) Plant & Machinery : 261.19 87.00 348.19
IV) Misc. Fixed Assets : 54.37 - 54.37
V) Furniture & Fixtures : 2.25 - 2.25
VI) Pre-Operative Exp. : - 15.93 15.93
VII) Margin Money for Working Capital : 168.85 - 168.85
TOTAL: : 580.58 233.33 813.91
9 MEANS OF FINANCE :
I) Promoters' Capital : 155.79 80.33 236.12
Unsecured Loan 311.13 - 311.13

i) Vehicle Loan 14.66 - 14.66


ii) Term Loan : 99.00 153.00 252.00
TOTAL: : 580.58 233.33 813.91

10 Promoters' Contribution : 80.42% 34.43% 67.24%

11 Debt Equity Ratio : 0.21 1.90 0.46

12 BREAK EVEN POINT :


i) Installed Capacity : 38%
ii) Utilised Capacity : 94%

13 Debt Service Coverage Ratio : 2.08


Rs. In Lacs
Existing Additional Total
14 Financial Exposure Required : Term Loan 99.00 153.00 252.00
Cash Credit 300.00 -100.00 200.00
Bank Guarantee 5.00 40.00 45.00
Total 404.00 93.00 497.00
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

TOTAL COST OF PROJECT & MEANS OF FINANCING


(Rs. Lacs)
Sl.No. PARTICULARS: AMOUNT MARGIN MARGIN FINANCE
Rs. % AMOUNT AMOUNT

1 Land ( including devlopment ) 0.00 100% 0.00 0.00

2 Civil Construction 130.40 31% 40.42 89.98

3 Main Plant & Machinary 87.00 25% 21.75 65.25

4 Misc. Fixed Assets 0.00 25% 0.00 0.00

5 Furniture & fixtures 0.00 100% 0.00 0.00

7 Preoperative expenses 15.93 100% 15.93 0.00

8 Margin money for working capital 0.00 #DIV/0! 0.00 0.00

TOTAL: 233.33 78.11 155.23

OR SAY 233.33 80.33 153.00

MEANS OF FINANCE

Promoters' Contribution 80.33

Term Loan 153.00


COST OF THE PROJECT 233.33

Working Capital 200.00


SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

LAND & BUILDING

(Rs. Lacs)
S.N PARTICULARS AMOUNT
1 LAND :
Land Including Development Existing

2 CIVIL CONSTRUCTION :

S. No. PARTICULARS AREA RATE PER VALUE


SQ.FT. SQ. FT (Rs.)

1 Godown
Civil Works 17,000.00 765.00 130.00
Godown with complete with brick work & GCI
roofing sheet over iron truss & cement
flooring

2 Electrical Connections L. S 0.20

3 Water Supply & sanitary L.S 0.00

4 Contigencies L.S 0.20

TOTAL 130.40

Or Say 130.40
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

MAIN PLANT & MACHINERY


(Rs. Lacs)
S.N. PARTICULARS QTY AMOUNT

1 Parboiling Section 1
2 Dryer 1

-
Or Say 87.00
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

FURNITURE & FIXTURES


(Rs Lacs)
S. No. PARTICULARS AMOUNT

1 Office Furniture like chairs, Table 0.00


Almirah, Racks etc.

2 Computer and accessories 0.00

TOTAL : 0.00

PRILIMINARY & PRE- OPERATIVE EXPENSES

1 Legal Expenses & Stamp duty 0.10

2 Project Report & Consultancy charges 0.60

3 Other Misc. Cost 0.10

4 Travelling Expenses 0.10

5 Up-Front Fees, Processing Fees (Loan) 4.97

6 Salary & Wages during construction period 0.50

7 Interest on Term Loan during construction period


( on Rs. 153.00 lacs @ 12.50% for 12 months) 9.56
Assume disbursement will be made uniformally
during the period.
15.93
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

ANNEXURE - 3
SALARY & WAGES
S No. PARTICULARS No. of Post RATE/ AMOUNT ( Rs.)
MONTH PER MONTH PER ANNUM
1st Year :

I. ADMINISTRATIVE WING :
1 Accountant cum Manager 1 15000 15000 1.80
2 Taxation Manager 1 15000 15000 1.80
3 Accounts & Office Assts. 2 6500 13000 1.56
4 Sales Manager 2 15000 30000 3.60
5 Store Keeper 2 8000 16000 1.92
6 Assistants 4 5000 20000 2.40
7 Peon 2 3500 7000 0.84
8 Watch Man 6 4500 27000 3.24

20
Sub Total 143000 17.16
Add: Benefit 25% 35750 4.29
Grand Total 178750 21.45

* from the next years onwards an increament of 5% has been estimated

II. PRODUCTION : 2013-14


1 Production Manager 1 7000 7000 0.84
2 Supervisor 2 3500 7000 0.84
3 Machine Operator 2 4000 8000 0.96
4 Helper 2 2000 4000 0.48
5 Electrician 1 4000 4000 0.48
6 Boiler Man 1 5000 5000 0.60
7 Skilled Labour 6 3000 18000 2.16
8 Unskilled Labour 15 2400 36000 4.32
30
Sub Total : 89000 10.68
Add: Fringe benefit @25% 22250 2.67
Grand Total 111250 13.35
or Say (Rs. In Lacs) 13.35

* from the next years onwards an increament of 5% has been estimated


SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

RAW MATERIALS & PACKING MATERIALS REQUIREMENTS

(Amount in Lacs)

At Installed Capacity 13-14


40%
Sl Qnty. Qnty.
Particulars Rate Value Value
No. (MT) (MT)

1 Paddy 12500 43200 5400.00 8640 1080.00


2 Gunny Pockets(New) Nos. 30 185760 56.00 74304 22.29
5456.00 1102.29
Add : Purchase expense like
transportation, Marketing
Hemali etc.
1% 54.56 11.02
5511.00 1113.00

Consumables , stores and spares (0.20%) 10.80 4.32

* Paddy requirement for free sale will be 50% of capacity utilization as another 50% of capacity
will be for custom milling

RAW MATERIALS REQUIREMENTS FOR CUSTOM MILLING


(Amount in Lacs)

13-14
At Installed Capacity
Sl
Particulars 40%
No.
Qnty. Qnty.
Rate Value Value
(MT) (MT)

1 Paddy (To be supplied) 12500 21600 2700.00 8640 1080.00


( * ) CALCULATION OF GUNNY BAGS CONSUMED :

A RICE :

For 100 MT Of paddy consumption gunny bags required 680

Less : Sales to FCI - 50% ( being cost of gunny bags reimbursed ) 340

Gunny bags required for free sales 340

B RICE BRAN :

For 100 MT Of paddy consumption gunny bags required 70

C BROKEN RICE :

For 100 MT Of paddy consumption gunny bags required ( 50 Kg Packing ) 20

So, for 100 MT of paddy consumption total gunny bags required 430

Therefore for 43200 MT of paddy gunny bags required 185760


SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

SALES REALISATION

CONSOLIDATED TOTAL SALES - INCLUDING FG (Amount in Lacs)


At Installed Capacity 13-14 14-15 15-16
Rice 40% 42% 45%
Sl Rate/ Qnty. Qnty.
Particulars Qnty. (MT) Value Qnty. (MT) Value Value Value
No. MT (Rs.) (MT) (MT)

1 RICE 20,450 14688 3,004.00 5875 1,201.00 6169 1,262.00 6610 1,352.00
2 BROKEN RICE (Net of VAT) 10,500 432 45.00 172 18.00 182 20.00 194 20.00
3 BRAN (Net of VAT) 13,500 3456 467.00 1382 186.00 1452 196.00 1556 210.00
4 GUNNY POCKET (Nos.) - 185760 - 74304 - 78019 - 83592 -
5 CUSTOM MILLING CHARGES 700 14688 103.00 5875 41.00 6169 43.00 6610 46.00
3,619 1,446.00 1,521.00 1,628.00

TOTAL SALES (ADJ.) 1,442.00 1,518.00 1,628.00

* As per the current market condition it is proposed to use 50% of total capacity for free trade & rest for custom milling

CALCULATION OF SALES FROM FREE TRADE


(Amount in Lacs)
At Installed Capacity 13-14 14-15 15-16
40% 42% 45%
Sl Rate/ Qnty. Qnty.
Particulars Qnty. (MT) Value Qnty. (MT) Value Value Value
No. MT (Rs.) (MT) (MT)

1 SALE RICE 20,450 14688 3,004.00 5875 1,201.00 6169 1,262.00 6610 1,352.00
2 BROKEN RICE (Net of VAT) 10,500 216 23.00 86 9.00 91 10.00 97 10.00
3 BRAN (Net of VAT) 13,500 1728 233.00 691 93.00 726 98.00 778 105.00
4 GUNNY POCKET (Nos.) - 185760 - 74304 - 78019 - 83592 -
TOTAL 3,260.00 1,303.00 1,370.00 1,467.00

Add :- Op. Stock of finished goods - 49.00 53.00 56.00

Less :- Clo. Stock of finished goods - 53.00 56.00 56.00

3,260.00 1,299.00 1,367.00 1,467.00

CUSTOM MILLING SALES (Amount in Lacs)


At Installed Capacity 13-14 14-15 15-16
Rice 40% 42% 45%
Sl Rate/ Qnty. Qnty.
Particulars Qnty. (MT) Value Qnty. (MT) Value Value Value
No. MT (Rs.) (MT) (MT)

1 CUSTOM MILLING CHARGES 700 14688 103.00 5875 41.00 6169 43.00 6610 46.00
2 BROKEN RICE (Net of VAT) 10,500 216 23.00 86 9.00 91 10.00 97 10.00
3 BRAN (Net of VAT) 13,500 1728 233.00 691 93.00 726 98.00 778 105.00
359.00 143.00 151.00 161.00
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

REPAIR , MAINTENENCE & INSURANCE

Repair & Maintenance : -


Sl No. Particulars Cost 2014-15
Rate 0.3%
1 Building 214 1.00
2 Plant & Machinery 405 1.00
2.00
1. The cost of Repair & Maintenance has been estimated @ 035% on cost of Building, Plant & Machinery & Misc. Fixed Assets
2. An increament of 2% has been considered from the year 2013-14 onwards

Insurance : -
Sl No. Particulars Amount Rate 2014-15

1 Building 214 0.20% 0.00


2 Plant & Machinery 405 0.20% 0.81
3 Current Assets L.S 0.20% 0.51
1.00
1. The cost of insurance has been estimated @ 0.2% on cost of Building, Plant & Machinery & Stock in Trade
2. An increament of 2% has been considered from the year 2013-14 onwards
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

ANNEXURE - 4
POWER & FUEL

Electrical power is required by this unit for running of machineries. The same will be purchased from
CESCO for which they will charge as per their tariff. Various connected load is given below with the
detail calculation.

Energy Requirement
S. N. PARTICULARS Nos. H. P. Required Total H.P.
Required
1 Rice Miling plant complete 2 no. 30 HP 60
2 Paddy Cleaning plant 1 no. 15HP 15
3 Rice Cleaner 2 no 7.5 hp 15
4 Paddy separator & elevator 2 no. 5 HP 10
5 Others L.S 40 HP 40
TOTAL 140

Total KW = 140 x .746 = 104.44 KW


Add : for lighting purposes 3.62 KW
Total KW 108.00 KW

Total Connected KVA = 108/.8 135.00 KVA


Or 135.00 KVA

Total Industrial Energy consumed Total KW x .75 x 30


per month at 75% load factor = days x 8 Hrs x shift =
108 x .75 x 30 x 8 x 2 =
38880 Units
S.NO DESCRIPTION AT INSTALLED 1ST 2ND 3RD
CAPACITY YEAR YEAR YEAR
60% 70% 80%
1 Energy consumed 38880 23328 27216 31104

2 Actual charges
i. Unit charges
(Unit consumed x Rs.5.90) 229392 137635 160574 183514

3 Minimum units
i. Minimum units
(56 units x 150 Kw) 8400 8400 8400 8400

ii. Minimum Charges 49560 42000 42000 42000


(minimum units x Rs.5.00)

4 Selection
(Between 2 & 3 W.e.is higher) 229392 137635 160574 183514

6 Total energy charges


- Per Month 229392 137635 160574 183514
- Per Annum (Rs. In ' 000) 27.53 16.52 19.27 22.02
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

SALES & ADMINISTRATIVE EXPENSES


(Rs.Lacs)
S. No. PARTICULARS AMOUNT
2014-15

1 Salary ( Admn. Wing) 21.45

2 Travelling & conveyance 2.20

3 Printing & Stationary 0.80

4 Rent, Rates & Taxes 0.80

5 Telephone, Postage & Stamps 1.20

6 Legal charges 0.90

7 Miscellaneous expenses 2.50

8 Sales Expenses 15.18

TOTAL : 45.03
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

INTEREST SCHEDULE

A. TERM LOAN : IV (NEW) ( Rs. Lacs)

( i ) Amount borrowed : 153.00

( ii ) Mode of payment : In 8 years in 84 Monthly instalment (including 12 month


moratorium)
(iii) Rate of Interest : 13.00%

YEAR OPENING INSTALMENT CLOSING AVARAGE INTEREST


BALANCE PAID BALANCE BALANCE

2013-2014 153.00 - 153.00 153.00 19.89


2014-2015 153.00 21.86 131.14 142.07 18.47
2015-2016 131.14 21.86 109.29 120.21 15.63
2016-2017 109.29 21.86 87.43 98.36 12.79
2017-2018 87.43 21.86 65.57 76.50 9.95
2018-2019 65.57 21.86 43.71 54.64 7.10
2019-2020 43.71 21.86 21.86 32.79 4.26
2020-2021 21.86 21.86 - 10.93 1.42

B. TERM LOAN : I (OLD) ( Rs. Lacs)

( i ) Amount borrowed : 150.00


(Repayable in 66 monthly installments of Rs. 2.27 Lakh each commencing from April 2008)

(ii) Rate of Interest : 13.00%

YEAR OPENING INSTALMENT CLOSING AVARAGE INTEREST


BALANCE PAID BALANCE BALANCE
2013-2014 13.8 13.8 - 6.90 0.90
2014-2015 - - - - -
2015-2016 - - - - -
C. TERM LOAN : II (OLD) ( Rs. Lacs)

( i ) Amount borrowed : 110.00


(Repayable in 72 monthly installments of Rs. 1.53 Lakh each commencing from Oct. 2008)

(ii) Rate of Interest : 13.00%

YEAR OPENING INSTALMENT CLOSING AVARAGE INTEREST


BALANCE PAID BALANCE BALANCE
2013-2014 27.38 18.36 9.02 18.20 2.37
2014-2015 9.02 9.02 - 4.51 0.59
2015-2016 - - - - -

D. TERM LOAN : III (OLD) ( Rs. Lacs)

( i ) Amount borrowed : 99.00


(Repayable in 66 monthly installments of Rs. 1.50 Lakh each)

(ii) Rate of Interest : 13.00%

YEAR OPENING INSTALMENT CLOSING AVARAGE INTEREST


BALANCE PAID BALANCE BALANCE
2013-2014 57.82 18.00 39.82 48.82 6.35
2014-2015 39.82 18.00 21.82 30.82 4.01
2015-2016 21.82 18.00 3.82 12.82 1.67
2016-2017 3.82 3.82 - 1.91 0.25

D. VEHICLE LOAN (OLD) ( Rs. Lacs)

( i ) Amount borrowed : 18.52


(Repayable in 36 monthly installments)

(ii) Rate of Interest : 16.50%

YEAR OPENING INSTALMENT CLOSING AVARAGE INTEREST


BALANCE PAID BALANCE BALANCE
2013-2014 14.66 7.33 7.33 11.00 1.81
2014-2015 7.33 7.33 0.00 3.67 0.60
C. WORKING CAPITAL : Interest @ 13.00%

YEAR PRINCIPAL INTEREST

I 200.00 26.00
II 200.00 26.00
III &
Onwards 200.00 26.00

D. TOTAL INTEREST :
S. No. PARTICULARS YEAR
2013-14 2014-15 2015-16 16-17 2017-18 18-19 19-20 20-21

1 Term Loan (IV) 19.89 18.47 15.63 12.79 9.95 7.10 4.26 1.42
2 Term Loan (I) 0.90 - - - - - - -
3 Term Loan (II) 2.37 0.59 - - - - - -
4 Term Loan (III) 6.35 4.01 1.67 0.25 - - - -
5 Vehicle Loan 1.81 0.60 - - - - - -
Total 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42

2 Working Capital
Loan 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00

TOTAL : 57.31 49.67 43.29 39.03 35.95 33.10 30.26 27.42

E. TOTAL INSTALMENT OF TL
2013-14 2014-15 2015-16 16-17 2017-18 18-19 19-20 20-21
1 Term Loan (IV) - 21.86 21.86 21.86 21.86 21.86 21.86 21.86
2 Term Loan (I) 13.80 - - - - - -
3 Term Loan (II) 18.36 9.02 - - - - -
4 Term Loan (III) 18.00 18.00 18.00 3.82 - - -
5 Vehicle Loan 7.33 7.33 - - - - -
57.49 56.21 39.86 25.68 21.86 21.86 21.86 21.86

F. TERM LOAN OUTSTANDINGS


2013-14 2014-15 2015-16 16-17 2017-18 18-19 19-20 20-21
1 Term Loan (IV) 153.00 131.14 109.29 87.43 65.57 43.71 21.86 -
2 Term Loan (I) - - - - - - -
3 Term Loan (II) 9.02 - - - - - -
4 Term Loan (III) 39.82 21.82 3.82 - - - -
5 Vehicle Loan 7.33 - - - - - -
209.17 152.96 113.11 87.43 65.57 43.71 21.86 -

CURRENT 56.21 39.86 25.68 21.86 21.86 21.86 21.86 -


NON-CURRENT 152.96 113.11 87.43 65.57 43.71 21.86 - -
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

WORKING CAPITAL ASSESSMENT


(Rs.Lacs)
S.N PARTICULARS HOLDING % OF 2014-15 @ 42%
PERIOD MARGIN Total Margin Borr.

1 Raw Materials 1.75 Month 25% 170.43 42.61 127.82

2 Consumables 0.50 Month 25% 0.19 0.05 0.14

3 Finished goods 0.50 Month 25% 56.00 14.00 42.00

4 Trade Debtors 0.50 Month 40% 56.96 22.78 34.18

TOTAL : 283.58 79.44 204.14

Say : 283.58 83.58 200.00


B. WORKING CAPITAL ASSESSMENT - FOR CUSTOM MILLING (Rs.Lacs)
2014-15

1 Gross Estimated Sales (Custom Milling Only) 151.00

2 Average Collection Period (Month) 2.00

3 Working Capital Required 25.17

4 Less: Margin (40% on 3) 10.07

5 Permissible Bank Finance on custom milling 15.10

Total Permissible Bank Finance


Permissible Bank Finance on Free Trade 204.14
Permissible Bank Finance on custom milling 15.10
219.24
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

DEBT SERVICE COVERAGE RATIO

(Rs Lacs)
S. PARTICULARS 2014 2015 2016 2017 2018 2019 2020 2021 TOTAL
N PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ
1 Net Profit 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95 252.34
2 Depreciation 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64 418.64
3 Cash Accrual 74.09 88.39 90.80 88.69 86.04 83.43 80.94 78.59 670.98

4 Interest on Term Loan 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42 108.04

5 Total ( 3 + 4 ) 105.40 112.06 108.10 101.73 95.98 90.53 85.21 80.02 779.02

6 Interest on Cash credit 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 208.00

7 Total ( 5 + 6 ) 131.40 138.06 134.10 127.73 121.98 116.53 111.21 106.02 987.02

8 Instalment Payable 57.49 56.21 39.86 25.68 21.86 21.86 21.86 21.86 266.66

9 Interest on Term Loan 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42 108.04

10 Total ( 8 + 9 ) 88.80 79.87 57.15 38.71 31.80 28.96 26.12 23.28 374.70

11 Interest on Cash credit 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 208.00

12 Total ( 10 +11 ) 114.80 105.87 83.15 64.71 57.80 54.96 52.12 49.28 582.70

A NET DSCR ( 3 / 8 ) 1.29 1.57 2.28 3.45 3.94 3.82 3.70 3.60 2.52

AVE. NET DSCR 2.52

B GROSS DSCR ( 5 / 10) 1.19 1.40 1.89 2.63 3.02 3.13 3.26 3.44 2.08

AVE. GROSS DSCR 2.08

C DSCR FOR ALL LOANS (7 / 12) 1.14 1.30 1.61 1.97 2.11 2.12 2.13 2.15 1.69

AVE. GROSS DSCR FOR ALL LOANS 1.69


SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

DEPRECIATION AS PER INCOME TAX ACT, 1961

ANNEXURE - 6 (Rs.Lacs)
PARTICULARS 0% 10% 10% 15% TOTAL

1. Land & development 10.06 10.06


2. Building & Other Civil Works 214.26 214.26
3. Plant & Machinery 348.19 348.19
4. Misc. Fixed Assets 54.37 54.37
5. Furniture & Fixtures 2.25 2.25
6. Preoperative Exps. 9.56 6.38 15.93
TOTAL : 10.06 223.82 2.25 408.94 645.06
I ST YEAR (2013-14)
OP.W. D. V. 10.06 223.82 2.25 408.94 645.06
Depriciation : 0.00 16.79 0.17 46.01 62.96

II ND YEAR (2014-15)
OP.W. D. V. 10.06 207.03 2.08 362.93 582.10
Depriciation : 0.00 20.70 0.21 54.44 75.35

III RD YEAR
OP.W. D. V. 10.06 186.33 1.87 308.49 506.75
Depriciation : 0.00 18.63 0.19 46.27 65.09

IV TH YEAR
OP.W. D. V. 10.06 167.69 1.69 262.22 441.66
Depriciation : 0.00 16.77 0.17 39.33 56.27

V TH YEAR
OP.W. D. V. 10.06 150.93 1.52 222.88 385.39
Depriciation : 0.00 15.09 0.15 33.43 48.68

VI TH YEAR
OP.W. D. V. 10.06 135.83 1.37 189.45 336.71
Depriciation : 0.00 13.58 0.14 28.42 42.14

VII TH YEAR
OP.W. D. V. 10.06 122.25 1.23 161.03 294.57
Depriciation : 0.00 12.22 0.12 24.16 36.50

VIII TH YEAR
OP.W. D. V. 10.06 110.02 1.11 136.88 258.07
Depriciation : 0.00 11.00 0.11 20.53 31.64

IX TH YEAR
OP.W. D. V. 10.06 99.02 1.00 116.35 226.42
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

BALANCE SHEET
(Rs.Lacs)
PARTICULARS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
ACT. ACT. ACT. EST. PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ

LIABILITI ES:
CAPITAL 75.88 75.23 80.71 124.14 204.47 204.47 204.47 204.47 204.47 204.47 204.47 204.47

GENERAL RESERVE 6.18 12.45 20.54 31.65 42.78 55.83 81.54 113.96 151.32 192.60 237.05 283.99

SECURED LOANS :
I. Term Loan
1) TL-I (BOI) 95.60 68.33 43.32 13.80 - - - - - - - -
2) TL-II (BOI) 82.39 64.06 47.84 27.38 9.02 - - - - - - -
3) TL-III (BOI) - 91.90 73.90 57.82 39.82 21.82 3.82 - - - - -
3) TL-IV (SBI) - - - - 153.00 131.14 109.29 87.43 65.57 43.71 21.86 -
4) Vehicle Loan 10.68 18.52 12.25 14.66 7.33 - - - - - - -

II. Working capital (BOI) 191.25 185.72 138.03 200.00 - - - - - - - -


Working capital (SBI) - - - - 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00

UNSECURED LOAN 124.44 221.18 346.02 311.13 311.13 311.13 311.13 311.13 311.13 311.13 311.13 311.13

CURRENT LIABILITIES
a. Sundry Creditors 0.07 26.10 3.91 29.17 26.12 3.20 3.46 3.46 3.46 3.46 3.46 3.46
b. Provision for Taxation 2.76 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99
c. Other Statutory Liabilities 4.36 4.88 8.00 16.02 10.00 10.50 11.03 11.58 12.16 12.76 13.40 14.07

TOTAL: 593.61 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.61 1011.25 1038.12
(Rs.Lacs)
PARTICULARS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
ACT. ACT. ACT. EST. PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ

ASSETS

FIXED ASSETS
Gross Block 408.59 571.39 599.06 603.29 836.62 836.62 836.62 836.62 836.62 836.62 836.62 836.62
Less: Depreciation to date 33.59 78.11 137.42 191.56 254.52 329.87 394.96 451.24 499.91 542.05 578.55 610.20
Net Block 375.00 493.28 461.64 411.73 582.10 506.75 441.66 385.39 336.71 294.57 258.07 226.42

Security Deposit 11.25 9.01 7.69 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73
Fixed Deposit with Bank 1.27 12.8 50.99 56.23 56.23 67.48 67.48 67.48 67.48 67.48 67.48 67.48

CURRENT ASSETS :

i. Inventories :
a. Raw materials 124.35 189.38 161.67 192.34 200.00 170.43 193.65 193.65 193.65 193.65 193.65 193.65
b. Finished Goods 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00 56.00
c. Consumables 0.00 0.00 0.00 0.23 0.32 0.19 0.20 0.21 0.22 0.23 0.25 0.26
151.89 221.76 193.03 241.57 253.32 226.62 249.85 249.86 249.87 249.88 249.90 249.91

ii. Trade Debtors


a) Free Sale 11.65 12.84 22.82 65.73 35.59 56.96 61.13 122.25 146.70 176.04 211.25 253.50
b) Custom Milling 10.16 13.22 17.26 16.37 23.83 25.17 26.83 26.83 26.83 26.83 26.83 26.83
21.81 26.06 40.07 82.10 59.42 82.13 87.96 149.08 173.53 202.87 238.08 280.33

ii. Advance payment of taxes 4.17 4.01 5.09 5.73 7.40 5.83 11.50 14.50 16.71 18.46 19.88 20.99
iii. Misc. Advances 2.00 0.00 3.93 9.15 6.00 7.00 16.00 19.20 23.04 27.65 33.18 39.81
iv. Cash & Bank Balance 26.22 4.28 15.70 12.50 32.45 36.39 50.06 49.29 85.75 113.96 132.94 141.44
v. Preoperative Exps. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL: 593.61 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.61 1011.25 1038.12
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

PROFIT AND LOSS ACCOUNT


(Rs.Lacs)
PARTICULARS ANN 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
ACT. ACT. ACT. EST. PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ
Capacity 40% 42% 45% 45% 45% 45% 45% 45%

1 . SALES
a. Sale (Free Trade) 1 557.43 522.10 683.56 1,042.59 1,299.00 1,367.00 1,467.00 1,467.00 1,467.00 1,467.00 1,467.00 1,467.00
b. Cutom Milling Charges 60.97 79.31 103.53 98.23 143.00 151.00 161.00 161.00 161.00 161.00 161.00 161.00
Net Sales Realisation 618.40 601.41 787.09 1,140.83 1,442.00 1,518.00 1,628.00 1,628.00 1,628.00 1,628.00 1,628.00 1628.00

2 . COST OF SALES :
a. Raw materials & packing material 2 432.89 408.67 499.14 844.37 1,113.00 1,168.65 1,264.65 1,264.65 1,264.65 1,264.65 1,264.65 1,264.65
b. Labour wages & salaries 3 10.64 6.30 6.24 8.20 9.26 13.35 14.02 14.72 15.45 16.23 17.04 17.89
c. Consumables 2 1.21 2.13 0.90 2.80 4.32 4.54 4.86 5.10 5.36 5.63 5.91 6.20
d. Power and fuel 4 29.81 28.98 65.11 76.00 80.00 84.00 90.00 90.00 90.00 90.00 90.00 90.00
e. Repairs & maintenance & insurance 5 0.59 1.34 1.51 2.00 2.40 3.00 3.06 3.12 3.18 3.25 3.31 3.38
f. Depreciation 6 33.59 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64

COST OF PRODUCTION 508.73 491.94 632.21 987.51 1,271.94 1,348.89 1,441.68 1,433.86 1,427.32 1,421.88 1,417.41 1,413.76

Add : Opening Stock of


finished goods 29.16 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00
Sub - Total 537.89 519.48 664.59 1,018.87 1,320.94 1,401.89 1,497.68 1,489.86 1,483.32 1,477.88 1,473.41 1,469.76
Less : Closing Stock of
Finished goods 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00 56.00
PARTICULARS ANN 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
ACT. ACT. ACT. EST. PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ

B. COST OF SALES 510.35 487.10 633.23 969.87 1,267.94 1,345.89 1,441.68 1,433.86 1,427.32 1,421.88 1,417.41 1413.76

3. GROSS PROFIT 108.05 114.31 153.86 170.96 174.06 172.11 186.32 194.14 200.68 206.12 210.59 214.24

4. Sales & Admin. Exp. 7 40.27 44.31 38.67 43.48 44.00 45.03 47.28 49.65 52.13 54.73 57.47 60.34

5. PROFIT BEFORE INT. 67.78 70.00 115.19 127.48 130.06 127.08 139.04 144.49 148.55 151.38 153.12 153.89

6. Interest 8 40.96 44.05 68.28 54.73 57.31 49.67 43.29 39.03 35.95 33.10 30.26 27.42
Interest on Unsecured Loan & Partner's Capital 18.58 17.53 36.98 58.54 58.54 58.54 58.54 58.54 58.54 58.54 58.54 58.54

7. OPERATING PROFIT 8.24 8.42 9.93 14.21 14.21 18.88 37.21 46.92 54.07 59.74 64.32 67.93

8. NON-OPERATING INCOME 0.70 0.68 1.78 1.87 1.90 - - - - - - -

9. NON-OPERATING EXPENSES - - - - - - - - - - - -
Pre-operative Expenses written off

10. PROFIT BEFORE TAX. 8.94 9.10 11.71 16.08 16.11 18.88 37.21 46.92 54.07 59.74 64.32 67.93

PBT Ratio 1.45% 1.51% 1.49% 1.41% 1.12% 1.24% 2.29% 2.88% 3.32% 3.67% 3.95% 4.17%

11. Provision for taxation 2.76 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99

12. Net profit 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.28 44.45 46.94

13.Dividend/ Drawings - - - - - - - - - - - -

14. Retained Profit 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.28 44.45 46.94

15. Cash Accrual 39.77 50.79 67.40 65.25 74.09 88.40 90.80 88.69 86.04 83.42 80.95 78.59
DEBT SERVICE COVERAGE RATIO
Particulars 2014 2015 2016 2017 2018 2019 2020 2021
Average
Capacity Utilization 40% 42% 45% 45% 45% 45% 45% 45%
Sales 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00 1591.00
Net Profit 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95 31.54
Depreciation 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64 52.33
Cash Accruals 74.09 88.39 90.80 88.69 86.04 83.43 80.94 78.59 83.87
Interest on Term Loan 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42 13.51
TOTAL 105.40 112.06 108.10 101.73 95.98 90.53 85.21 80.02 97.38
TL / DPG Repayments 57.49 56.21 39.86 25.68 21.86 21.86 21.86 21.86 33.33
Interest on Term Loan 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42 13.51
TOTAL 88.80 79.87 57.15 38.71 31.80 28.96 26.12 23.28 46.84
Gross DSCR 1.19 1.40 1.89 2.63 3.02 3.13 3.26 3.44 2.49
Average Gross DSCR 2.08 2.08
Net DSCR 1.29 1.57 2.28 3.45 3.94 3.82 3.70 3.60 2.96
Average Net DSCR 2.52 2.52
SECURITY MARGIN & ASSET COVERAGE
Particulars 2014 2015 2016 2017 2018 2019 2020 2021
WDV of Fixed Assets 582.10 506.75 441.66 385.39 336.71 294.57 258.07 226.42
Agg. TL / DPG outstanding 209.17 152.96 113.11 87.43 65.57 43.71 21.86 -
Security margin available 372.93 353.79 328.55 297.96 271.14 250.86 236.21 226.42
% of Margin 64.07% 69.81% 74.39% 77.31% 80.53% 85.16% 91.53% 100.00%
Average Security Margin 80.35%
BREAK EVEN ANALYSIS
Year Ending 2014 2015 2016 2017 2018 2019 2020 2021 Average
Capacity Sales 3619.00 3619.00 3619.00 3619.00 3619.00 3619.00 3619.00 3619.00
Capacity Utilization 40% 42% 45% 45% 45% 45% 45% 45%

A. Sales/Income (Adjusted) 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00 1591.00
B. Variable Cost
Raw material, Packing & Conumables 1117.32 1173.19 1269.51 1269.75 1270.00 1270.27 1270.55 1270.85 1238.93
Labour wages & salaries 9.26 13.35 14.02 14.72 15.45 16.23 17.04 17.89 14.74
Power 80.00 84.00 90.00 90.00 90.00 90.00 90.00 90.00 88.00
Other Manufacturing Exp. 2.40 3.00 3.06 3.12 3.18 3.25 3.31 3.38 3.09
Selling Expenses 26.40 27.02 28.37 29.79 31.28 32.84 34.48 36.21 30.80
Interest on Cash credit 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00
Total Variable Cost 1261.38 1326.55 1430.95 1433.38 1435.92 1438.59 1441.39 1444.32 1401.56
C. Contribution 180.62 191.45 197.05 194.62 192.08 189.41 186.61 183.68 189.44
D. Fixed Cost
Interest on TL 89.85 82.21 75.83 71.57 68.48 65.64 62.80 59.96 72.04
General Admin Cost 17.60 18.01 18.91 19.86 20.85 21.89 22.99 24.14 20.53
Depreciation 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64 52.33
Total Fixed Cost(D) 170.41 175.57 159.84 147.70 138.01 129.67 122.29 115.74 144.90
E. Operating Profit (C-D) 10.21 15.88 37.21 46.92 54.07 59.74 64.32 67.93 44.54
Other Income 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24
PBT 16.11 18.88 37.21 46.92 54.07 59.74 64.32 67.93 45.65
Provision for Tax 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99 14.11
PAT 11.13 13.04 25.71 32.42 37.36 41.28 44.45 46.94 31.54
BE Sales 1,360.51 1,392.10 1,320.59 1,235.50 1,169.73 1,114.54 1,066.86 1,025.87 1210.71
BE Sales (Cash) 857.85 794.63 782.78 764.81 757.16 752.37 748.41 745.39 775.43
Cash BE% 59% 52% 48% 47% 47% 46% 46% 46% 49%
BEP at Utilised Capacity 94% 92% 81% 76% 72% 68% 66% 63% 76%
BEP at Installed Capacity 38% 38% 36% 34% 32% 31% 29% 28% 33%
Sensitivity Analysis :
Variation Factor 4.00% 33.00% 4.00%
Average VC Sale Volume Sale Price
1. Sales 1,591.00 1,591.00 1,065.97 1,527.36
2. Variable Expenses 1,401.56 1,457.62 939.05 1,401.56
3. Contribution (1 - 2) 189.44 133.38 126.92 125.80
4. Fixed Expenses 144.90 144.90 144.90 144.90
5. Operating Profit (3-4) 44.54 -11.53 -17.98 -19.10
Impact on DSCR
PBT 45.65 -11.53 -17.98 -19.10
Less Tax @ 30.9% 14.11 - - -
PAT 31.54 -11.53 -17.98 -19.10
Add Depreciation 52.33 52.33 52.33 52.33
Add Interest on TL 13.51 13.51 13.51 13.51
Total 97.38 54.31 47.85 46.73
TL Repayment 33.33 33.33 33.33 33.33
Interest on TL 13.51 13.51 13.51 13.51
Total Repayment 46.84 46.84 46.84 46.84
Gross DSCR 2.08 1.16 1.02 1.00

The Unit can sustain the following in case of any adverse situation -
1) Variable cost increased by 4%
2) Sales Volume Decrease by 34%
3) Sales Price Decrease by 4%
a. Inventory & receivable levels : (Months/Days):
Inventory Actuals Actuals Estimated Projected
Year 2011 2012 2013 2014
Raw material 189.38 161.67 192.34 200.00
Months 5.56 3.89 2.73 2.16
FG 32.38 31.36 49.00 53.00
Months 0.80 0.59 0.61 0.50
Receivables 26.06 40.07 82.10 59.42
Months 0.52 0.61 0.86 0.49
S Creditors 26.10 3.91 29.17 26.12
Months 0.00 0.09 0.43 0.28

WORKING CAPITAL ASSESSMENT


b. As per Nayak Committee:
Projected
i. turnover for 1,299.00
2013-14
Total WC
ii. required 324.75
[25% of (i)]
Margin [20%
iii. 64.95
of (ii)]
WC
iv. 259.80
Required
Minimum
WC limit to
v. be 200.00
sanctioned
by the Bank
FINANCIAL HIGHLIGHTS

Last three years audited Data Current year

31/03/2010 31/03/2011 31.03.2012 31.03.2013


Net Sales (NS) 601.41 787.09 1140.83 1442.00
Export Sales
Operating Profit 70.00 115.19 127.48 130.06
Net Working Capital 58.39 162.94 168.85 129.25
Total Outside Liabilities (TOL) 683.52 676.89 674.95 761.39
Profit After Tax (PAT) 6.27 8.09 11.11 11.13
PAT/Net Sales 1.04% 1.03% 0.97% 0.77%
PBDIT 115.20 176.28 183.49 194.92
PBDIT / Interest 1.87 1.67 1.62 1.68
TNW 87.68 101.25 155.79 247.25
TOL/TNW 7.80 6.69 4.33 3.08
TOL/Adj. TNW* 7.80 6.69 4.33 3.08
ROCE 14.94% 22.65% 22.09% 19.33%

(Inventory / Net Sales + Receivables


150 108 104 79
/ Gross Sales) in days
Current Ratio 1.27 2.06 1.67 1.43
Moving
Average Projected
Financial Parameters
(last 3 (Next Year)
years)
TOL/TNW 6.27 3.08
Current Ratio 1.67 1.43
ROCE % 19.89% 19.33%
PBDIT/INTT(times) 1.72 1.68
PAT/ Net Sales % 1.01% 0.77%
(Inventory/Net Sales) + (Receivable/
120.67 79.00
Gross Sales)

Nature of Facility Existing Proposed


Fund Based
Cash Credit (Hypothecation) 300 200
Term Loan I 13.8 13.8
Term Loan-II 27.38 27.38
Term Loan-II 57.82 57.82
Term Loan-IV - 153
Total (A) 399 452
Non-Fund Based
Letter of Credit - -
Bank Guarantee Limit 5 45
Total (B) 5 45
Total Indebtedness (A + B) 404 497
M/S SONTHALIA RICE MILL

CASH FLOW STATEMENT (In Lacs.)

2012 2013 2014 2015 2016


Cash Flow from Operating Activity
Net Profit 8.09 11.11 11.13 13.04 25.71
Depreciation 59.31 54.14 62.96 75.35 65.09

Operating Profit before


working capital Changes 67.40 65.25 74.09 88.39 90.80
Increase in Receivables 14.01 42.03 (22.68) 22.71 5.83
Increase in Inventories (28.73) 48.54 11.75 (26.70) 23.23
Increase in Advance to Raw Materials 3.93 5.22 (3.15) 1.00 9.00
Increase in Other Current Advance 5.01 5.86 (1.48) (0.57) 14.66
Increase in Short-Term Borrowings (47.69) 61.97 - - -
Increase in Current Liablities & Provisions (18.28) 34.63 47.14 (37.91) (7.73)
Sub-Total 60.19 5.05 (62.70) 34.35 60.46
Net Cash Flow from Operating Activities 7.21 60.20 136.79 54.04 30.35

Cash Flow from Investing Activity


Purchase of Fixed Assets 27.67 4.23 233.33 - -
Increase in Non-current Assets - - - - -
Increase in Fixed deposit with bank 36.87 9.28 - 11.25 -
Increase in Preliminary expenses - - - - -
Net Cash Flow from Investing Activity 64.54 13.51 233.33 11.25 -

Cash Flow from Financing Activity


Increase in Equity 5.48 43.43 80.33 - -
Increase in Long term Loan 59.34 (98.54) 39.30 (39.85) (25.68)
Appropriations - - - -
Net Cash Flow from Financing Activity 64.82 (55.11) 119.63 (39.85) (25.68)

OPENING BALANCE 4.28 11.77 3.35 26.44 29.38


SURPLUS/DEFICIT 7.49 (8.42) 23.09 2.94 4.67
CLOSING BALANCE 11.77 3.35 26.44 29.38 34.05
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
FORM II - OPERATING STATEMENT

Name: M/S SONTHALIA RICE MILL

Amounts in Rs. Lacs.

Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Financial Year ended / ending 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
No.of months 12 12 12 12 12 12 12 12 12 12 12 12
1. Gross Sales
i. Domestic Sales 618.40 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00
ii. Export Sales
Total 618.40 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00
2. Less Excise Duty
3. Net Sales (1 - 2) 618.40 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00
4. % age rise (+) or fall (-) in net sales
as compared to previous year (annualised ) 30.87% 44.94% 26.40% 5.27% 7.25% 0.00% 0.00% 0.00% 0.00% 0.00%
5. Cost of Sales
i. Raw materials (including stores and
other items used in the process of
manufacture) 432.89 408.67 499.14 844.37 1113.00 1168.65 1264.65 1264.65 1264.65 1264.65 1264.65 1264.65
a. Imported
b. Indigenous 432.89 408.67 499.14 844.37 1113.00 1168.65 1264.65 1264.65 1264.65 1264.65 1264.65 1264.65
ii. Other Spares 1.21 2.13 0.90 2.80 4.32 4.54 4.86 5.10 5.36 5.63 5.91 6.20
a. Imported
b. Indigenous 1.21 2.13 0.90 2.80 4.32 4.54 4.86 5.10 5.36 5.63 5.91 6.20
iii. Power and Fuel 29.81 28.98 65.11 76.00 80.00 84.00 90.00 90.00 90.00 90.00 90.00 90.00
iv. Direct Labour (Factory wages & salaries) 10.64 6.30 6.24 8.20 9.26 13.35 14.02 14.72 15.45 16.23 17.04 17.89
v. Other manufacturing expenses 0.59 1.34 1.51 2.00 2.40 3.00 3.06 3.12 3.18 3.25 3.31 3.38
vi. Depreciation 33.59 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64
vii. Sub-total (i to vi) 508.73 491.94 632.21 987.51 1271.94 1348.89 1441.68 1433.86 1427.32 1421.88 1417.41 1413.76

viii. Add: Opening Stock-in-process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sub-total (vii + viii) 508.73 491.94 632.21 987.51 1271.94 1348.89 1441.68 1433.86 1427.32 1421.88 1417.41 1413.76
ix. Deduct: Closing Stock-in-process 0.00
x. Cost of Production 508.73 491.94 632.21 987.51 1271.94 1348.89 1441.68 1433.86 1427.32 1421.88 1417.41 1413.76
xi. Add: Opening Stock of finished goods 29.16 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00
Sub-total (x + xi) 537.89 519.48 664.59 1018.87 1320.94 1401.89 1497.68 1489.86 1483.32 1477.88 1473.41 1469.76
xii. Deduct: Closing Stock of finished goods 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00 56.00
xiii. Sub-total (Total Cost of Sales) 510.35 487.10 633.23 969.87 1267.94 1345.89 1441.68 1433.86 1427.32 1421.88 1417.41 1413.76

6. Selling, general and administrative expenses 52.16 60.64 63.93 43.48 44.00 45.03 47.28 49.65 52.13 54.73 57.47 60.34
7. Sub-total (5 + 6) 562.51 547.74 697.16 1013.35 1311.94 1390.92 1488.96 1483.51 1479.45 1476.61 1474.88 1474.10
8. Operating Profit before Interest (3 - 7) 55.89 53.67 89.93 127.48 130.06 127.08 139.04 144.49 148.55 151.39 153.12 153.90
9. Interest 40.96 44.05 68.28 113.27 115.85 108.21 101.83 97.57 94.48 91.64 88.80 85.96

10. Operating Profit after Interest (8 - 9) 14.93 9.62 21.65 14.21 14.21 18.87 37.21 46.92 54.07 59.75 64.32 67.94
11. i. Add: Other non-operating Income
a. Sale of Fixed Assets
b. Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c. Interest on FDR 0.70 0.68 1.78 1.87 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d.
Sub-total (Income) 0.70 0.68 1.78 1.87 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii. Deduct: Other non-operating expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a. Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b. Interest on Partner's Capital 5.49 10.52
c. Remuneration to Partners 1.20 1.20 1.20
d.
Sub-total (Expenses) 6.69 1.20 11.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
iii. Net of other non-operating income / 6.00 6.00
expenses [net of 11(i) & 11(ii)] -5.99 -0.52 -9.94 1.87 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12. Profit before tax/loss [10 + 11(iii)] 8.94 9.10 11.71 16.08 16.11 18.87 37.21 46.92 54.07 59.75 64.32 67.94
13. a) Provision for taxes 2.76 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99
b) Deferred for Tax Liability(-) Assets(+) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14. Net Profit / Loss (12 -13) 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95
15. a. Equity dividend paid-amount
(Already paid + B.S. provision) 0.00 0.00 0.00
b. Dividend Rate (% age) 0.0% 0.0% 0.0% 0.0% 0.0%
c. Other Appropriations
16. Retained Profit (14 - 15) 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95
17. Retained Profit / Net Profit (% age) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

CASH ACCRUAL 39.77 50.79 67.40 65.25 74.09 88.39 90.80 88.69 86.04 83.43 80.94 78.59
FORM III - ANALYSIS OF BALANCE SHEET
LIABILITIES

Name: M/S SONTHALIA RICE MILL

Amounts in Rs. Lacs.

Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Financial Year ended / ending 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
No.of months 12 12 12 12 12 12 12 12 12 12 12 12
CURRENT LIABILITIES
1. Short-term borrowing from banks (including
bills purchased, discounted & excess
borrowing placed on repayment basis)
i. State Bank of India 0.00 0.00 0.00 0.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00
ii. Others 191.25 185.72 138.03 200.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
iii. (of which BP & BD)
Sub-total [i + ii] (A) 191.25 185.72 138.03 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00
2. Short term borrowings from others
3. Sundry Creditors (Trade) 0.07 26.10 3.91 29.17 26.12 3.20 3.46 3.46 3.46 3.46 3.46 3.46
4. Advance payments from customers /
deposits from dealers
5. Provision for taxation 2.76 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99
6. Dividend payable
7. Other statutory liabilities (due within 1 year) 4.36 4.88 8.00 16.02 10.00 10.50 11.03 11.58 12.16 12.76 13.40 14.07
8. Deposits / instalments of term loans /
DPGs / debentures etc. (due within 1 year) 54.20 65.49 72.11 57.49 56.21 39.86 25.68 21.86 21.86 21.86 21.86 0.00
9. Other current liabilities & provisions
(due within 1 year) - specify major items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a. Other Outstanding Liabilities payable
b. Other Liabilities
c.
d.
Sub total [2 to 9] (B) 61.39 99.30 87.64 107.65 97.30 59.39 51.66 51.40 54.18 56.54 58.60 38.53
10. Total current liabilities [A + B] 252.64 285.02 225.67 307.65 297.30 259.39 251.66 251.40 254.18 256.54 258.60 238.53

TERM LIABILITIES
11. Debentures (not maturing within 1 year)
12. Preference Shares (redeemable after 1 year)
13. Term loans (excluding instalments
payable within 1 year) 134.47 177.32 105.20 56.17 152.96 113.11 87.43 65.57 43.71 21.86 0.00 0.00
14. Deferred Payment Credits (excluding
instalments due within 1 year)
15. Term deposits (repayable after 1 year)
16. Other term liabilities 124.44 221.18 346.02 311.13 311.13 311.13 311.13 311.13 311.13 311.13 311.13 311.13
17. Total Term Liabilities [11 to 16] 258.91 398.50 451.22 367.30 464.09 424.24 398.56 376.70 354.84 332.99 311.13 311.13
18. Total Outside Liabilities [10 + 17] 511.55 683.52 676.89 674.95 761.39 683.63 650.22 628.10 609.02 589.53 569.73 549.66

NET WORTH
19. Ordinary Share Capital 75.88 75.23 80.71 124.14 204.47 204.47 204.47 204.47 204.47 204.47 204.47 204.47
20. General Reserve
21. Revaluation Reserve
22. Other Reserves (excluding Provisions)
23. Surplus (+) or deficit (-) in Profit & Loss a/c 6.18 12.45 20.54 31.65 42.78 55.82 81.53 113.95 151.31 192.60 237.04 283.99
23. a. Share Application money
b. Share Premium Account
c. Deferred Tax Liability A/c
d. Others
e.
24. Net Worth 82.06 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.46

25. TOTAL LIABILITIES [18 + 24] 593.61 771.20 778.14 830.74 1008.64 943.92 936.22 946.52 964.80 986.60 1011.24 1038.12
FORM III - ANALYSIS OF BALANCE SHEET (Continued)
ASSETS

Amounts in Rs. Lacs.

Name: M/S SONTHALIA RICE MILL

Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Financial Year ended / ending 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
No.of months 12 12 12 12 12 12 12 12 12 12 12 12
CURRENT ASSETS
26. Cash and Bank Balances 26.22 4.28 15.70 12.50 32.45 36.39 50.06 49.29 85.75 113.96 132.94 141.44
27. Investments (other than long term) 12.52 21.81 58.68 67.96 67.96 79.21 79.21 79.21 79.21 79.21 79.21 79.21
i. Govt. and other trustee securities 11.25 9.01 7.69 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73
ii. Fixed Deposits with banks 1.27 12.80 50.99 56.23 56.23 67.48 67.48 67.48 67.48 67.48 67.48 67.48
28. i. Receivables other than deferred &
exports (incldg. bills purchased and
discounted by banks) 21.81 26.06 40.07 82.10 59.42 82.13 87.96 149.08 173.53 202.87 238.08 280.33
ii. Export receivables (incldg. bills
purchased/discounted by banks)
29. Instalments of deferred receivables
(due within 1 year)
30. Inventory: 151.89 221.76 193.03 241.57 253.32 226.62 249.85 249.86 249.87 249.88 249.90 249.91
i. Raw materials (including stores and
other items used in the process of
manufacture) 124.35 189.38 161.67 192.34 200.00 170.43 193.65 193.65 193.65 193.65 193.65 193.65
a. Imported
b. Indigenous 124.35 189.38 161.67 192.34 200.00 170.43 193.65 193.65 193.65 193.65 193.65 193.65
ii. Stocks-in-process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
iii. Finished goods 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00 56.00
iv. Other consumable spares 0.00 0.00 0.00 0.23 0.32 0.19 0.20 0.21 0.22 0.23 0.25 0.26
a. Imported
b. Indigenous 0.00 0.00 0.00 0.23 0.32 0.19 0.20 0.21 0.22 0.23 0.25 0.26
31. Advances to suppliers of raw materials
and stores/spares 2.00 0.00 3.93 9.15 6.00 7.00 16.00 19.20 23.04 27.65 33.18 39.81
32. Advance payment of taxes 4.17 4.01 5.09 5.73 7.40 5.83 11.50 14.50 16.71 18.46 19.88 20.99
33. Other current assets (specify major items) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a.
b.
c.
d.
34. Total Current Assets (26 to 33) 218.61 277.92 316.50 419.01 426.55 437.18 494.57 561.14 628.11 692.03 753.18 811.70

FIXED ASSETS
35. Gross Block (land, building, machinery,
work-in-progress) 408.59 571.39 599.06 603.29 836.62 836.62 836.62 836.62 836.62 836.62 836.62 836.62
36. Depreciation to date 33.59 78.11 137.42 191.56 254.52 329.87 394.96 451.24 499.91 542.05 578.55 610.20
37. Net Block (35 - 36) 375.00 493.28 461.64 411.73 582.10 506.75 441.66 385.39 336.71 294.57 258.07 226.42
OTHER NON-CURRENT ASSETS
38. Investments/book debts/advances/deposits
which are not current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
i. a. Investments in subsidiary
companies / affiliates
b. Others 0.00 0.00
ii. Advances to suppliers of capital goods
and contractors 0.00 0.00
iii. Deferred receivables (maturity
exceeding 1 year) 0.00 0.00
iv. Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a. Security Deposit
b. Sales Tax under Appeal
c. Tax Deducted at Source
d. Others
39. Non-consumable stores and spares
40. Other non-current assets including
dues from directors
41. Total Other Non-current Assets (38 to 40) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

42. Intangible Assets (patents, good will,


prelim.expenses, bad / doubtful debts not
provided for, etc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
43. Total Assets (34+37+41+42) 593.61 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.60 1011.25 1038.12
44. Tangible Net Worth (24 - 42) 82.06 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.46
45. Net Working Capital (34 - 10) -34.03 -7.10 90.83 111.36 129.25 177.79 242.91 309.74 373.93 435.49 494.58 573.17

46. Current Ratio (34 / 10) 0.87 0.98 1.40 1.36 1.43 1.69 1.97 2.23 2.47 2.70 2.91 3.40
47. Total OUTSIDE Liabilities / Tangible
Net Worth (18 / 44) 6.23 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13
48. Total TERM Liabilities / Tangible
Net Worth (17 / 44) 3.16 4.54 4.46 2.36 1.88 1.63 1.39 1.18 1.00 0.84 0.70 0.64

RATIOS NET OF REVALUATION


RESERVES
49. TANGIBLE NET WORTH (24-21-42) 82.06 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.46
50. TOTAL OUTSIDE LIAB/TNW 6.23 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13
51. TOTAL TERM LIAB/TNW 3.16 4.54 4.46 2.36 1.88 1.63 1.39 1.18 1.00 0.84 0.70 0.64

ADDITIONAL INFORMATION
A. Arrears of depreciation
B. Contingent Liabilities:
i. Arrears of cumulative dividends
ii. Gratuity liability not provided for
iii. Disputed excise / customs /
tax liabilities
iv. Other liabilities not provided for
FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

Name: M/S SONTHALIA RICE MILL

Amounts in Rs. Lacs.

Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

A. CURRENT ASSETS
1. Raw materials (incl. stores & other items
used in the process of manufacture)
a. Imported 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Month's Consumption
b. Indigenous 124.35 189.38 161.67 192.34 200.00 170.43 193.65 193.65 193.65 193.65 193.65 193.65
Month's Consumption (3.45) (5.56) (3.89) (2.73) (2.16) (1.75) (1.84) (1.84) (1.84) (1.84) (1.84) (1.84)
2. Other Consumable spares, excluding
those included in 1 above
a. Imported 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Month's Consumption
b. Indigenous 0.00 0.00 0.00 0.23 0.32 0.19 0.20 0.21 0.22 0.23 0.25 0.26
Month's Consumption (0.99) (0.89) (0.50) (0.50) (0.50) (0.50) (0.50) (0.50) (0.50)
3. Stock-in-process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Month's cost of production
4. Finished goods 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00 56.00
Month's cost of sales (0.65) (0.80) (0.59) (0.61) (0.50) (0.50) (0.47) (0.47) (0.47) (0.47) (0.47) (0.48)
5. Receivables other than export & deferred
receivables (incl. bills purchased &
discounted by bankers) 21.81 26.06 40.07 82.10 59.42 82.13 87.96 149.08 173.53 202.87 238.08 280.33
Month's domestic sales: excluding
deferred payment sales (0.42) (0.52) (0.61) (0.86) (0.49) (0.65) (0.65) (1.10) (1.28) (1.50) (1.75) (2.07)
6. Export receivables (incl. bills purchased
and discounted) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Month's export sales
7. Advances to suppliers of raw materials &
stores / spares, consumables 2.00 0.00 3.93 9.15 6.00 7.00 16.00 19.20 23.04 27.65 33.18 39.81
8. Other current assets incl. cash & bank
balances & deferred receivables due
within one year 42.91 30.10 79.47 86.19 107.81 121.43 140.76 143.00 181.67 211.63 232.03 241.64
Cash and Bank Balances 26.22 4.28 15.70 12.50 32.45 36.39 50.06 49.29 85.75 113.96 132.94 141.44
Investments (other than long term): 12.52 21.81 58.68 67.96 67.96 79.21 79.21 79.21 79.21 79.21 79.21 79.21
i. Govt. and other trustee securities 11.25 9.01 7.69 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73
ii. Fixed Deposits with banks 1.27 12.80 50.99 56.23 56.23 67.48 67.48 67.48 67.48 67.48 67.48 67.48
Instalments of deferred receivables
(due within 1 year) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Advance payment of taxes 4.17 4.01 5.09 5.73 7.40 5.83 11.50 14.50 16.71 18.46 19.88 20.99
Other current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9. Total Current Assets 218.61 277.92 316.50 419.01 426.55 437.17 494.57 561.14 628.11 692.03 753.18 811.70
(To agree with item 34 in Form III)
FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

Name: M/S SONTHALIA RICE MILL

Amounts in Rs. Lacs.

Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
B. CURRENT LIABILITIES
(Other than bank borrowings for working capital)

10. Creditors for purchase of raw materials,


stores & consumable spares 0.07 26.10 3.91 29.17 26.12 3.20 3.46 3.46 3.46 3.46 3.46 3.46
Month's purchases (0.09) (0.43) (0.28) (0.03) (0.03) (0.03) (0.03) (0.03) (0.03) (0.03)
11. Advances from customers 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12. Statutory liabilities 4.36 4.88 8.00 16.02 10.00 10.50 11.03 11.58 12.16 12.76 13.40 14.07
13. Other current liabilities: 56.96 68.32 75.73 62.46 61.18 45.69 37.17 36.36 38.56 40.32 41.73 20.99
Short term borrowings from others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Provision for taxation 2.76 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99
Dividend payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deposits / instalments of term loans / DPGs
/ debentures etc. (due within 1 year) 54.20 65.49 72.11 57.49 56.21 39.86 25.68 21.86 21.86 21.86 21.86 0.00
Other current liabilities & provisions
(due within 1 year) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14. Total (To agree with total B of III) 61.39 99.30 87.64 107.65 97.30 59.39 51.66 51.40 54.18 56.54 58.60 38.53
ASSESSED BANK FINANCE

Name: M/S SONTHALIA RICE MILL

Amounts in Rs. Lacs.


Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Current Assets 277.92 316.50 419.01 426.55 437.18 494.57 561.14 628.11 692.03 753.18 811.70
Current Liabilities (Other than Bank
Borrowing) 99.30 87.64 107.65 97.30 59.39 51.66 51.40 54.18 56.54 58.60 38.53
Working Capital Gap 178.62 228.86 311.36 329.25 377.79 442.91 509.74 573.93 635.49 694.58 773.17
Net Working Capital (Actual /Prjojected) -7.10 90.83 111.36 129.25 177.79 242.91 309.74 373.93 435.49 494.58 573.17
Assessed Bank Finance (ABF) 185.72 138.03 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00
NWC/TCA (%) -2.55% 28.70% 26.58% 30.30% 40.67% 49.12% 55.20% 59.53% 62.93% 65.67% 70.61%
Bank Finance to TCA (%) 66.82% 43.61% 47.73% 46.89% 45.75% 40.44% 35.64% 31.84% 28.90% 26.55% 24.64%
Other CL/TCA (%) 35.73% 27.69% 25.69% 22.81% 13.58% 10.45% 9.16% 8.63% 8.17% 7.78% 4.75%
S. Creditors /TCA (%) 9.39% 1.24% 6.96% 6.12% 0.73% 0.70% 0.62% 0.55% 0.50% 0.46% 0.43%
Inv./NS (Days) 134.59 89.51 77.29 64.12 54.49 56.02 56.02 56.02 56.02 56.03 56.03
Rec./ Gross Sales (Days) 15.82 18.58 26.27 15.04 19.75 19.72 33.42 38.91 45.48 53.38 62.85
S. Creditors /Purchase (Days) 27.55 2.70 13.04 8.59 0.97 1.01 1.00 1.00 1.00 1.00 1.00
FORM VI
FUNDS FLOW STATEMENT

Name: M/S SONTHALIA RICE MILL

Amounts in Rs. Lacs.

Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1. SOURCES
a. Net Profit 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95
b. Depreciation 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64
c. Increase in Capital -0.65 5.48 43.43 80.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d. Increase in Term Liabilities
(including Public Deposits) 139.59 52.72 0.00 96.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e. Decrease in
i. Fixed Assets
ii. Other non-current Assets
f. Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
g. TOTAL 189.73 125.60 108.68 251.21 88.39 90.80 88.69 86.04 83.43 80.94 78.59

2. USES
a. Net loss
b. Decrease in Term Liabilities
(including Public Deposits) 0.00 0.00 83.92 0.00 39.85 25.68 21.86 21.86 21.85 21.86 0.00
c. Increase in
i. Fixed Assets 162.80 27.67 4.23 233.33 0.00 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 0.00 0.00 0.00 0.00 0.00
d. Dividend Payments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e. Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
f. TOTAL 162.80 27.67 88.15 233.33 39.85 25.68 21.86 21.86 21.85 21.86 0.00

3. Long Term Surplus (+) / Deficit (-) [1-2] 26.93 97.93 20.53 17.88 48.54 65.12 66.83 64.18 61.58 59.08 78.59
4. Increase/decrease in current assets
* (as per details given below) 59.31 38.58 102.51 7.54 10.63 57.39 66.57 66.97 63.92 61.15 58.52
5. Increase/decrease in current liabilities
other than bank borrowings 37.91 -11.66 20.01 -10.35 -37.91 -7.73 -0.26 2.78 2.36 2.06 -20.07
6. Increase/decrease in working capital gap 21.40 50.24 82.50 17.89 48.54 65.12 66.83 64.19 61.56 59.09 78.59
7. Net Surplus / Deficit (-) [3-6] 5.53 47.69 -61.97 -0.01 0.00 0.00 0.00 -0.01 0.02 -0.01 0.00
8. Increase/decrease in bank borrowings -5.53 -47.69 61.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9. Increase/decrease in NET SALES -16.99 185.68 353.74 301.17 76.00 110.00 0.00 0.00 0.00 0.00 0.00

* Break up of item-4
i. Increase/decrease in Raw Materials 65.03 -27.71 30.67 7.66 -29.57 23.22 0.00 0.00 0.00 0.00 0.00
ii. Increase/decrease in Stocks-in-Process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
iii. Increase/decrease in Finished Goods 4.84 -1.02 17.64 4.00 3.00 0.00 0.00 0.00 0.00 0.00 0.00
iv. Increase/decrease in Receivables
a) Domestic 4.25 14.01 42.03 -22.68 22.71 5.83 61.13 24.45 29.34 35.21 42.25
b) Export 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
v. Increase/decrease in Stores & Spares 0.00 0.00 0.23 0.09 -0.13 0.01 0.01 0.01 0.01 0.02 0.01
vi. Increase/decrease in other current assets -14.81 53.30 11.94 18.47 14.63 28.33 5.43 42.51 34.57 25.92 16.26
TOTAL 59.31 38.58 102.51 7.54 10.63 57.39 66.57 66.97 63.92 61.15 58.52
PERFORMANCE & FINANCIAL INDICATORS

Name: M/S SONTHALIA RICE MILL


Amounts in Rs. Lacs.
As on 31st March: 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Net sales 618.40 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00
Operating Profit 55.89 53.67 89.93 127.48 130.06 127.08 139.04 144.49 148.55 151.39 153.12 153.90
Net Other Income -5.99 -0.52 -9.94 1.87 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit Before Tax 8.94 9.10 11.71 16.08 16.11 18.87 37.21 46.92 54.07 59.75 64.32 67.94
PBT/NS (%) 1.45% 1.51% 1.49% 1.41% 1.12% 1.24% 2.29% 2.88% 3.32% 3.67% 3.95% 4.17%
Profit After Tax 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95
Cash Accruals 39.77 50.79 67.40 65.25 74.09 88.39 90.80 88.69 86.04 83.43 80.94 78.59
Paid Up Capital 75.88 75.23 80.71 124.14 204.47 204.47 204.47 204.47 204.47 204.47 204.47 204.47
Tangible Net Worth 82.06 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.46
Adj TNW (Excl. Invest/Loans in Subsidiaries) 82.06 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.46
TOL/TNW 6.23 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13
Total Term Lia./TNW 3.16 4.54 4.46 2.36 1.88 1.63 1.39 1.18 1.00 0.84 0.70 0.64
Current Ratio 0.87 0.98 1.40 1.36 1.43 1.69 1.97 2.23 2.47 2.70 2.91 3.40
Total Tangible Assets (TTA) 593.61 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.60 1011.25 1038.12

EFFICIENCY RATIOS : 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Net Sales/TTA (Times) 1.04 0.78 1.01 1.37 1.43 1.61 1.74 1.72 1.69 1.65 1.61 1.57
PBT/TTA (%) 1.51% 1.18% 1.50% 1.94% 1.60% 2.00% 3.97% 4.96% 5.60% 6.06% 6.36% 6.54%
Operating Cost/NS (%) 90.96% 91.08% 88.57% 88.83% 90.98% 91.63% 91.46% 91.12% 90.88% 90.70% 90.59% 90.55%
Bank Fin./Curr. Assets (%) 87.48% 66.82% 43.61% 47.73% 46.89% 45.75% 40.44% 35.64% 31.84% 28.90% 26.55% 24.64%
Inv. +Rec./NS (Days) 103 150 108 104 79 74 76 89 95 102 109 119

LIQUIDITY RATIOS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Current Ratio 0.87 0.98 1.40 1.36 1.43 1.69 1.97 2.23 2.47 2.70 2.91 3.40
Acid Test Ratio 0.26 0.20 0.55 0.58 0.58 0.81 0.97 1.24 1.49 1.72 1.95 2.36
Bank Finance to WCG (%) 121.64% 103.97% 60.31% 64.23% 60.74% 52.94% 45.16% 39.24% 34.85% 31.47% 28.79% 25.87%

LEVERAGE RATIOS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Debt : Equity Ratio 3.16 4.54 4.46 2.36 1.88 1.63 1.39 1.18 1.00 0.84 0.70 0.64
TOL/TNW 6.23 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13
Debt : Assets Ratio #VALUE! 0.52 0.58 0.44 0.46 0.45 0.43 0.40 0.37 0.34 0.31 #DIV/0!
Fixed Assets Coverage Ratio 0.69 0.81 0.98 0.89 0.80 0.84 0.90 0.98 1.05 1.13 1.21 1.37
Interest Coverage Ratio 2.04 2.22 2.04 1.62 1.68 1.87 2.00 2.06 2.09 2.11 2.14 2.16
TURNOVER RATIOS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Inventory Turnover Period (DAYS) 90 135 90 77 64 54 56 56 56 56 56 56
Average Collection Period (DAYS) 13 16 19 26 15 20 20 33 39 45 53 63
Total Assets Turnover (TIMES) #VALUE! 0.78 1.01 1.37 1.43 1.61 1.74 1.72 1.69 1.65 1.61 #DIV/0!
Average Credit Period (DAYS) 0 28 3 13 9 1 1 1 1 1 1 1
Bank Finance Turnover 3.23 3.24 5.70 5.70 7.21 7.59 8.14 8.14 8.14 8.14 8.14 8.14
Current Assets Turnover 2.83 2.16 2.49 2.72 3.38 3.47 3.29 2.90 2.59 2.35 2.16 2.01

PROFITABILITY RATIOS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Net Profit Margin (%) 1.00% 1.04% 1.03% 0.97% 0.77% 0.86% 1.58% 1.99% 2.29% 2.54% 2.73% 2.88%
Net Income : Assets Ratio (%) #VALUE! 0.81% 1.04% 1.34% 1.10% 1.38% 2.75% 3.43% 3.87% 4.19% 4.39% #DIV/0!
Return on Investment (ROCE)(%) 14.06% 12.66% 17.90% 22.09% 19.33% 21.45% 21.80% 21.21% 20.44% 19.62% 18.75% 17.87%
Return on Equity (%) 8.14% 8.33% 10.02% 8.95% 5.44% 6.38% 12.57% 15.86% 18.27% 20.19% 21.73% 22.96%
Operating Profitability (%) 9.04% 8.92% 11.43% 11.17% 9.02% 8.37% 8.54% 8.88% 9.12% 9.30% 9.41% 9.45%
Pre-Tax Profitability (%) 1.45% 1.51% 1.49% 1.41% 1.12% 1.24% 2.29% 2.88% 3.32% 3.67% 3.95% 4.17%
PBT/TTA (%) #VALUE! 1.18% 1.50% 1.94% 1.60% 2.00% 3.97% 4.96% 5.60% 6.06% 6.36% #DIV/0!

STRUCTURAL RATIOS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Retained Profit (%) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Raw Material Content (%) 85.33% 83.51% 79.09% 85.79% 87.84% 86.97% 88.06% 88.55% 88.98% 89.34% 89.64% 89.89%
OC/Sales (%) 90.96% 91.08% 88.57% 88.83% 90.98% 91.63% 91.46% 91.12% 90.88% 90.70% 90.59% 90.55%
FINANCIAL SUMMARY

Name: M/S SONTHALIA RICE MILL

Amounts in Rs. Lacs


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1. Gross Sales - Domestic 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00
- Exports 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2. Less Excise Duty 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3. Net Sales (1 - 2) 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00
4. Depreciation 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64
5. Operating Profit (before Interest) 53.67 89.93 127.48 130.06 127.08 139.04 144.49 148.55 151.39 153.12 153.90
6. Interest 44.05 68.28 113.27 115.85 108.21 101.83 97.57 94.48 91.64 88.80 85.96
7. PBT 9.10 11.71 16.08 16.11 18.87 37.21 46.92 54.07 59.75 64.32 67.94
8. Tax 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99
9. PAT 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95
10. PBDIT (4+6+7) 97.67 139.30 183.49 194.92 202.43 204.14 200.76 197.23 193.53 189.62 185.54
11. Paid Up Capital (PUC) 75.23 80.71 124.14 204.47 204.47 204.47 204.47 204.47 204.47 204.47 204.47
12. Total Outside Liabilities (TOL) 683.52 676.89 674.95 761.39 683.63 650.22 628.10 609.02 589.53 569.73 549.66
13. Tangible Net Worth (TNW) 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.46
14. Adjusted TNW 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.46
15. Total Assets 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.60 1011.25 1038.12
16.. Intangible Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17. TTA (15-16) 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.60 1011.25 1038.12
18. PBDIT/INT (10/6) 2.22 2.04 1.62 1.68 1.87 2.00 2.06 2.09 2.11 2.14 2.16
19. PBT/Net Sales 1.51% 1.49% 1.41% 1.12% 1.24% 2.29% 2.88% 3.32% 3.67% 3.95% 4.17%
20. PAT/Net Sales 1.04% 1.03% 0.97% 0.77% 0.86% 1.58% 1.99% 2.29% 2.54% 2.73% 2.88%
21. ROCE (PBDIT/TTA) 12.66% 17.90% 22.09% 19.33% 21.45% 21.80% 21.21% 20.44% 19.62% 18.75% 17.87%
22. (INV+RECV)/NET SALES (Days) 150 108 104 79 74 76 89 95 102 109 119
24. Current Ratio 0.98 1.40 1.36 1.43 1.69 1.97 2.23 2.47 2.70 2.91 3.40
25. TOL/TNW 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13
26. TOL/TNW (Adjusted) 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13
27. Cash Accrual 50.79 67.40 65.25 74.09 88.39 90.81 88.69 86.04 83.43 80.95 78.59

FUNDS FLOW ANALYSIS

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1. Long Term Sources 132.22 108.68 193.72 88.39 90.80 88.69 86.04 83.43 80.94 0.00
2. Long Term Uses 27.67 102.77 233.33 39.85 25.68 21.86 21.86 21.85 21.86 0.00
3. Surplus/Deficit 104.55 5.91 -39.61 48.54 65.12 66.83 64.18 61.58 59.08 0.00
CHECK
Name: M/S SONTHALIA RICE MILL

Year > 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

1. Closing Stock in Process


of Operating Stament tallies Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
with that of Balance Sheet

2. Closing Stock of F.G.


of Operating Stament tallies Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
with that of Balance Sheet

3. Net Profit 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95

4. Depreciation Reported in
Operating Statement tallies Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No Yes
with that of Balance Sheet
a. As per Op Statement 33.59 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64
b. As per III 33.59 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64
c. Difference 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

5. Balance Sheet Assets is Yes Yes Yes Yes No No No No No Yes No Yes


equal to Liabilities

a. Total Assets 593.61 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.60 1011.25 1038.12
b. Total Liabilities 593.61 771.20 778.14 830.74 1008.64 943.92 936.22 946.52 964.80 986.60 1011.24 1038.12
c. Difference - - - - 0.01 0.01 0.01 0.01 0.02 - 0.01 -
DATA ANALYSIS

Name: M/S SONTHALIA RICE MILL


OPERATING STATEMENT

Amounts in Rs. Lacs.

Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
12 12 12 12 12 12 12 12 12 12 12
Excise Duty : Gross Sales 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Annual Growth in Net Sales 30.87% 44.94% 26.40% 5.27% 7.25% 0.00% 0.00% 0.00% 0.00% 0.00%

1 RATIO OF NET SALES TO :


i. Raw materials (including stores and
other items used in the process of
manufacture) 67.95% 63.42% 74.01% 77.18% 76.99% 77.68% 77.68% 77.68% 77.68% 77.68% 77.68%
a. Imported 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
b. Indigenous 67.95% 63.42% 74.01% 77.18% 76.99% 77.68% 77.68% 77.68% 77.68% 77.68% 77.68%
ii. Other Spares 0.35% 0.11% 0.25% 0.30% 0.30% 0.30% 0.31% 0.33% 0.35% 0.36% 0.38%
a. Imported 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
b. Indigenous 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
iii. Power and Fuel 4.82% 8.27% 6.66% 5.55% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53%
iv. Direct Labour (Factory wages & salaries) 1.05% 0.79% 0.72% 0.64% 0.88% 0.86% 0.90% 0.95% 1.00% 1.05% 1.10%
v. Other manufacturing expenses 0.22% 0.19% 0.18% 0.17% 0.20% 0.19% 0.19% 0.20% 0.20% 0.20% 0.21%
vi. Depreciation 7.40% 7.54% 4.75% 4.37% 4.96% 4.00% 3.46% 2.99% 2.59% 2.24% 1.94%
vii. Selling, general and administrative expenses 0.17% 0.13% 0.09% 0.07% 0.07% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
viii. Interest 7.32% 8.67% 9.93% 8.03% 7.13% 6.26% 5.99% 5.80% 5.63% 5.45% 5.28%

2 COMPOSITION OF COST OF SALES :


i. Raw materials (including stores and
other items used in the process of
manufacture) 83.90% 78.82% 87.06% 87.78% 86.83% 87.72% 88.20% 88.60% 88.94% 89.22% 89.45%
a. Imported 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
b. Indigenous 83.90% 78.82% 87.06% 87.78% 86.83% 87.72% 88.20% 88.60% 88.94% 89.22% 89.45%
ii. Other Spares 0.44% 0.14% 0.29% 0.34% 0.34% 0.34% 0.36% 0.38% 0.40% 0.42% 0.44%
a. Imported 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
b. Indigenous 0.44% 0.14% 0.29% 0.34% 0.34% 0.34% 0.36% 0.38% 0.40% 0.42% 0.44%
iii. Power and Fuel 5.95% 10.28% 7.84% 6.31% 6.24% 6.24% 6.28% 6.31% 6.33% 6.35% 6.37%
iv. Direct Labour (Factory wages & salaries) 1.29% 0.99% 0.85% 0.73% 0.99% 0.97% 1.03% 1.08% 1.14% 1.20% 1.27%
v. Other manufacturing expenses 0.28% 0.24% 0.21% 0.19% 0.22% 0.21% 0.22% 0.22% 0.23% 0.23% 0.24%
vi. Depreciation 9.14% 9.37% 5.58% 4.97% 5.60% 4.52% 3.92% 3.41% 2.96% 2.58% 2.24%
vii. Accretion/Depletion in SIP & FG Stocks -0.99% 0.16% -1.82% -0.32% -0.22% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
CHECK TOTAL 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
3 PERCENTAGE GROWTHS :
i. Gross Sales 30.87% 44.94% 26.40% 5.27% 7.25% 0.00% 0.00% 0.00% 0.00% 0.00%
ii. Gross Domestic Sales 30.87% 44.94% 26.40% 5.27% 7.25% 0.00% 0.00% 0.00% 0.00% 0.00%
iii. Gross Exports
iv. Net Sales 30.87% 44.94% 26.40% 5.27% 7.25% 0.00% 0.00% 0.00% 0.00% 0.00%
v. Total Raw Materials 22.14% 69.16% 31.81% 5.00% 8.21% 0.00% 0.00% 0.00% 0.00% 0.00%
vi. Imported Raw Materials
vii. Indegenous Raw Materials 22.14% 69.16% 31.81% 5.00% 8.21% 0.00% 0.00% 0.00% 0.00% 0.00%
viii. Other Spares -57.75% 211.11% 54.29% 5.00% 7.14% 5.00% 5.00% 5.00% 5.00% 5.00%
ix. Imported Spares
x. Indegenous Spares -57.75% 211.11% 54.29% 5.00% 7.14% 5.00% 5.00% 5.00% 5.00% 5.00%
xi. Power and Fuel 124.67% 16.73% 5.26% 5.00% 7.14% 0.00% 0.00% 0.00% 0.00% 0.00%
xii. Direct Labour (Factory wages & salaries) -0.95% 31.41% 12.93% 44.17% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
xiii. Other manufacturing expenses 12.69% 32.45% 20.00% 25.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
xiv. Depreciation 33.22% -8.72% 16.29% 19.68% -13.61% -13.55% -13.49% -13.43% -13.37% -13.31%
xv. Selling, general and administrative expenses 5.43% -31.99% 1.20% 2.34% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
xvi. Interest 55.01% 65.89% 2.28% -6.60% -5.89% -4.18% -3.17% -3.01% -3.10% -3.20%

4 Non-Operating Income / Net Sales 0.11% 0.23% 0.16% 0.13% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
5 Non-Operating Income / PBT 7.47% 15.20% 11.63% 11.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
6 Net Profit / PBT 68.90% 69.09% 69.09% 69.09% 69.10% 69.09% 69.10% 69.10% 69.10% 69.09% 69.11%
7 Retained Profit / Net Profit 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
8 Cash Accrual / Net Sales 8.45% 8.56% 5.72% 5.14% 5.82% 5.58% 5.45% 5.28% 5.12% 4.97% 4.83%
9 Average Cost of Borrowings 10.28% 21.65% 36.11% 28.31% 30.66% 32.52% 33.95% 35.58% 37.60% 40.03% 42.98%

BALANCE SHEET

1 COMPOSITION OF CURRENT LIABILITIES


i. Short-term borrowing from banks 65.16% 61.16% 65.01% 67.27% 77.10% 79.47% 79.55% 78.68% 77.96% 77.34% 83.85%
ii. Short term borrowings from others 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
iii. Sundry Creditors (Trade) 9.16% 1.73% 9.48% 8.79% 1.23% 1.38% 1.38% 1.36% 1.35% 1.34% 1.45%
iv. Advance payments from customers 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
v. Provision for taxation 0.99% 1.60% 1.61% 1.67% 2.25% 4.57% 5.77% 6.57% 7.20% 7.69% 8.80%
vi. Dividend payable 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
vii. Other statutory liabilities (due within 1 year) 1.71% 3.54% 5.21% 3.36% 4.05% 4.38% 4.60% 4.78% 4.97% 5.18% 5.90%
viii. Instalments payable within 1 year 22.98% 31.95% 18.69% 18.91% 15.37% 10.20% 8.69% 8.60% 8.52% 8.45% 0.00%
ix. Other current liabilities & provisions 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
CHECK TOTAL 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
2 ANNUAL GROWTH : LIABILITIES
i. Short-term borrowing from banks -25.68% 44.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ii. Short term borrowings from others
iii. Sundry Creditors (Trade) -85.02% 646.04% -10.46% -87.74% 8.21% 0.00% 0.00% 0.00% 0.00% 0.00%
iv. Advance payments from customers
v. Provision for taxation 27.86% 37.30% 0.19% 17.20% 97.10% 26.11% 15.23% 10.49% 7.67% 5.62%
vi. Dividend payable
vii. Other statutory liabilities (due within 1 year) 63.93% 100.25% -37.58% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
viii. Instalments payable within 1 year 10.11% -20.27% -2.23% -29.09% -35.58% -14.88% 0.00% 0.00% 0.00% -100.00%
ix. Other current liabilities & provisions -11.74% 22.83% -9.61% -38.96% -13.02% -0.50% 5.41% 4.36% 3.64% -34.25%
x. Total Current Liabilities -20.82% 36.33% -3.36% -12.75% -2.98% -0.10% 1.11% 0.93% 0.80% -7.76%
xi. Total Term Liabilities 13.23% -18.60% 26.35% -8.59% -6.05% -5.48% -5.80% -6.16% -6.56% 0.00%
xii. Total Outside Liabilities -0.97% -0.29% 12.81% -10.21% -4.89% -3.40% -3.04% -3.20% -3.36% -3.52%
xiii. Net Worth 15.48% 53.87% 58.71% 5.27% 9.88% 11.34% 11.73% 11.61% 11.19% 10.63%
xiv. Tangible Net Worth 15.48% 53.87% 58.71% 5.27% 9.88% 11.34% 11.73% 11.61% 11.19% 10.63%

3 COMPOSITION OF CURRENT ASSETS


i. Cash and Bank Balances 1.54% 4.96% 2.98% 7.61% 8.32% 10.12% 8.78% 13.65% 16.47% 17.65% 17.43%
ii. Investments (other than long term) 7.85% 18.54% 16.22% 15.93% 18.12% 16.02% 14.12% 12.61% 11.45% 10.52% 9.76%
iii. Receivables 9.38% 12.66% 19.59% 13.93% 18.79% 17.78% 26.57% 27.63% 29.32% 31.61% 34.54%
iv. Instalments of deferred receivables 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
v. Inventory: 79.79% 60.99% 57.65% 59.39% 51.84% 50.52% 44.53% 39.78% 36.11% 33.18% 30.79%
vi. Raw materials 68.14% 51.08% 45.90% 46.89% 38.98% 39.16% 34.51% 30.83% 27.98% 25.71% 23.86%
vii. Stocks-in-process 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
viii. Finished goods 11.65% 9.91% 11.69% 12.43% 12.81% 11.32% 9.98% 8.92% 8.09% 7.44% 6.90%
ix. Other consumable spares 0.00% 0.00% 0.05% 0.08% 0.04% 0.04% 0.04% 0.04% 0.03% 0.03% 0.03%
x. Advances to suppliers of raw materials 0.00% 1.24% 2.18% 1.41% 1.60% 3.24% 3.42% 3.67% 4.00% 4.41% 4.90%
xi. Advance payment of taxes 1.44% 1.61% 1.37% 1.73% 1.33% 2.32% 2.58% 2.66% 2.67% 2.64% 2.59%
xii. Other current assets 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
CHECK TOTAL 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
4 ANNUAL GROWTH : ASSETS
i. Cash and Bank Balances 266.82% -20.39% 159.62% 12.14% 37.56% -1.53% 73.97% 32.90% 16.66% 6.40%
ii. Investments (other than long term) 169.05% 15.81% 0.00% 16.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
iii. Receivables 53.76% 104.89% -27.62% 38.21% 7.10% 69.49% 16.40% 16.91% 17.35% 17.75%
iv. Instalments of deferred receivables
v. Inventory: -12.96% 25.15% 4.86% -10.54% 10.25% 0.00% 0.00% 0.00% 0.01% 0.00%
vi. Raw materials -14.63% 18.97% 3.98% -14.79% 13.62% 0.00% 0.00% 0.00% 0.00% 0.00%
vii. Stocks-in-process
viii. Finished goods -3.15% 56.25% 8.16% 5.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ix. Other consumable spares 39.13% -40.63% 5.26% 5.00% 4.76% 4.55% 8.70% 4.00%
x. Advances to suppliers of raw materials #DIV/0! 132.82% -34.43% 16.67% 128.57% 20.00% 20.00% 20.00% 20.00% 20.00%
xi. Advance payment of taxes 26.93% 12.57% 29.14% -21.17% 97.10% 26.11% 15.23% 10.49% 7.67% 5.62%
xii. Other current assets
xiii. Total Current Assets 13.88% 32.39% 1.80% 2.49% 13.13% 13.46% 11.93% 10.18% 8.84% 7.77%
xiv. Gross Block 4.84% 0.71% 38.68% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
xv. Net Block -6.41% -10.81% 41.38% -12.94% -12.84% -12.74% -12.63% -12.52% -12.39% -12.26%
xvi. Total Other Non-current Assets
xvii. Intangible Assets #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
xviii. Net Working Capital -1379.30% 22.60% 16.07% 37.56% 36.63% 27.51% 20.72% 16.46% 13.57% 15.89%

5 TOL / TNW 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13
6 (TL + Net Worth) : Net Block 98.56% 119.68% 127.05% 122.20% 135.08% 155.00% 180.37% 211.05% 247.84% 291.64% 353.15%
7 (TL + TNW) : Tangible Non Current Assets 98.56% 119.68% 127.05% 122.20% 135.08% 155.00% 180.37% 211.05% 247.84% 291.64% 353.14%
8 Net Block : TL 203.15% 260.36% 362.25% 278.29% 331.29% 390.48% 440.81% 513.50% 673.85% 1180.71% #DIV/0!
9 (Inventories + Rec) : S.T. Bank Borrowings 133.44% 168.88% 161.84% 156.37% 154.37% 168.90% 199.47% 211.70% 226.38% 243.99% 265.12%
10 Current Assets : S.T. Bank Borrowings 149.64% 229.30% 209.51% 213.28% 218.59% 247.29% 280.57% 314.06% 346.02% 376.59% 405.85%
11 PL Depreciation : Average Gross Block 7.79% 10.13% 9.01% 8.75% 9.01% 7.78% 6.73% 5.82% 5.04% 4.36% 3.78%