FORM - II : OPERATING STATEMENT

(Rs. in lakhs)
As per the P/L account actuals, estimates for
the year ended/ending
3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020
PARTICULARS Audited Audited Audited Estimated Projected Projected
PARTA: OPERATING STATEMENT

1. Gross sales (net of returns)

I) Domestic Sales 224.09 204.54 313.70 625.00 720.00 778.00
II) Export Sales
Total: 224.09 204.54 313.70 625.00 720.00 778.00
2. Less: Excise Duty
Others
3. Net Sales 224.09 204.54 313.70 625.00 720.00 778.00
4. %age rise/fall in Net Sales as
compared to previous years
Add: other revenue income - - - - - -
Total Sales including Rev. income 224.09 204.54 313.70 625.00 720.00 778.00

5. Cost of Sales
I) Raw Materials (incl. Stores and
other items used in the process
of manufacture)
a) Imported - - - - - -
b) Indigenous 209.49 196.31 295.41 627.95 695.60 741.64
ii) Other Spares
a) Imported - - - - - -
b) Indigenous - - - - - -
iii) Power & Fuel 0.04 0.04 0.18 0.35 0.43 0.48
iv) Direct Labour - - - - - -
v) Direct Expenses
Freight charges 0.85 0.81 2.44 - - -
vi) Depreciation 0.93 0.80 0.68 0.58 0.01 0.01
vii) Sub-Total (I to vi) 211.31 197.96 298.71 628.88 696.04 742.13
viii) Add Opening stocks in process - - - - - -
Sub-Total 211.31 197.96 298.71 628.88 696.04 742.13
ix) Deduct: Closing Stocks in proces - - - - - -
x) Cost of Production 211.31 197.96 298.71 628.88 696.04 742.13
xi) Add: Opening stock of Finished g 3.89 - 3.18 3.30 37.50 49.10
1225227 Sub-Total 215.20 197.96 301.90 632.18 733.54 791.23
xii) Deduct: Closing stocks of F.Good - 3.18 3.30 37.50 49.10 50.08
xiii) Sub-Total 215.20 194.78 298.60 594.68 684.44 741.15
6. Selling, General & Admn. Expenses 3.13 3.53 6.20 14.22 14.49 15.02
7. Sub-Total (5+6)(Cost of Sales) 218.33 198.31 304.80 608.90 698.93 756.16
8. Operating Profit before interest(3-7) 5.75 6.23 8.90 16.10 21.07 21.84
9. Interest - - - 0.50 5.00 5.00
10. Operating Profit after interest (8-9) 5.75 6.23 8.90 15.60 16.07 16.84
11. (i) Add other non-operating income
a) Interest on FDs - - - - - -
b) Interest on Recurring deposits - - - - - -
c) others - - - - - -
Sub-Total (Income) - - - - - -
ii) Deduct other non-operating exp. - - - - - -
a) Prov. For Doubtful Debts - - - - - -
b) Write-offs - - - - - -
c) Prov. For Wealth Tax - - - - - -
d) Prior period Adjustments - - - - - -
Sub-Total (Expenses) - - - - - -
iii) Net of other non-operating income - - - - - -
12. Profit before tax/loss (10+11) 5.75 6.23 8.90 15.60 16.07 16.84
13. Provision for Taxes - - - 2.80 2.94 3.20
14. Net Profit/Loss (12-13) 5.75 6.23 8.90 12.80 13.13 13.64
15. a. Equity Dividend paid - - - - - -
b. Dividend rate - - - - - -
16. Retained profit - - - - - -
17. Retained profit/Net Profit (%) - - - - - -

0
ANALYSIS OF BALANCE SHEET (Rs. in lakhs)
FORM - III As per Balance sheet as at
3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020
LIABILITIES Audited Audited Audited Estimated Projected Projected
1. Short-term borrowings from banks
(incld. Bills purchased discounted
& excess borrowing placed on
repayment basis)
i) From applicant bank - - - 40.00 40.00 40.00
ii) From other banks - - - - - -
iii) (of which BP & BD)
Sub total (A) - - - 40.00 40.00 40.00
2. Short term borrowings from others/ Banks
3. Sundry Creditors (Trade) 2.29 - - 13.75 14.00 14.25
4. Advance payments from customers/
deposits from dealers - - - - - -
5. Provision for taxation - - - - - -
6. Dividend payable -
7. Other statutory liabilities (due - - - - - -
within one year)
8. Deposits/Instalments of term loans/
DPGs/debentures, etc. - - - - - -
(due within one year)
9. Other current liabilities & provisions
(due within one year) - 0.05 0.05 - - -
(Specify mojor items)
Sub total (B) 2.29 0.05 0.05 13.75 14.00 14.25
10. TOTAL CURRENT LIABILITIES 2.29 0.05 0.05 53.75 54.00 54.25
(Total of 1 to 9)

TERM LIABILITIES
11. Debentures (not maturing
within one year)
12. Preference Shares
(redeemable after one year)
13. Term Loans (excluding instalments 1.02 - - 14.70 13.90 12.90
payable within one year)
14. Deferred payment Credit excldg.
instalments due within one year
15. Term Deposits (repayable after
one year)
16. Other term liabilities - - - - - -
#VALUE! 17. TOTALTERM LIABILITIES 1.02 - - 14.70 13.90 12.90

18. TOTAL OUTSIDE LIABILITIES

(Total of 10 + 17) 3.32 0.05 0.05 68.45 67.90 67.15 2947
NET WORTH
19. Ordinary share capital 29.93 43.64 61.11 71.86 81.14 89.68
20. General reserve
21. Unsecured Loans (Fr. & Rel.) - - - 9.60 9.60 9.60
22. Other reserves (ex. Provisions) -
23. Surplus (+) or deficit (-) in
Profit & Loss account
24. NET WORTH 29.93 43.64 61.11 81.46 90.74 99.28

25. TOTAL LIABILITIES (18 + 24) 33.25 43.69 61.16 149.91 158.64 166.43

ANALYSIS OF BALANCE SHEET (Rs. in lakhs)

As per Balance sheet as at
3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020
ASSETS Audited Audited Audited Estimated Projected Projected
CURRENTASSETS:
26. Cash & Bank balances 6.00 16.73 33.43 30.00 12.02 10.32
27. Investments (other than Long Term)
i) Govt. & other Trusted sec.
ii) Fixed deposits with banks
28. I) Receivables other than deferred
& exports (incldg. Bills purchased
& discounted by banks) 11.02 8.33 - 35.00 50.12 58.64
ii) Export receivables (incldg. Bills
purchased/discounted by bank)
29. Instalments of deferred receivables
(due within one year)
30. Inventory:
I) Raw materials (incldg. Stores &
other items used in the process
of manufacture)
a) Imported
b) Indigenous - - - - - -
II) Other consumable spares, excldg.
those included in 1 above.
III) Stocks in process: - - - - - -
IV) Finished goods - 3.18 3.30 37.50 49.10 50.08
31. Advances to suppliers of raw
materials & stores/spares - - - - - -
32. Advance payment of taxes - - - - - -
33. Other current assets - - - - - -
(Specify major items) - -

34. TOTAL CURRENTASSETS: 17.01 28.25 36.72 102.50 111.24 119.04

FIXED ASSETS
912065.15 35. Gross Block (land & building, 5.01
Machinery, work-in progress) 17.16 16.23 25.11 47.99 47.41 47.40
36. Depreciation to date 0.93 0.80 0.68 0.58 0.01 0.01
37. NET BLOCK (35-36) 16.23 15.43 24.43 47.41 47.40 47.39
OTHER NON-CURRENTASSETS
38. Investments/book debts/advances/
deposits/which are not C.A.
I) a) Investments in subsidiary
Companies/affiliates
b) others - - - - - -
ii) Advances to suppliers of
Capital goods & Contractors
iii) Deferred receivables (maturity
(exceeding one year)
iv) others Deposits - - - - - -
39. Non-consumable stores & spares
40. Other non-current assets incldg.
dues from directors

41. TOTAL OTHER NON-CURRENT

ASSETS - - - - - -

42. Intangible assets (patents, goodwill,

prelim. Expenses, bad/doubtful
debts not provided for, etc. - - - - - - 4.55
43. TOTALASSETS
(Total of 34+37+41+42) 33.25 43.69 61.16 149.91 158.64 166.43

44. TANGIBLE NET WORTH(24-42) 29.93 43.64 61.11 81.46 90.74 99.28

45. NET WORKING CAPITAL

(17+24) - (37+41+42) 14.72 28.20 36.67 48.75 57.24 64.79
To tally with (34 - 10) 14.72 28.20 36.67 48.75 57.24 64.79

46. Current Ratio (items 34 / 10) 7.43 565.04 734.48 1.91 2.06 2.19

47. Total Outside Liabilities/Tangible

Net worth (18 / 44) 0.11 0.00 0.00 0.84 0.75 0.68

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

COMPARATIVE STATEMENT OF CURRENTASSETS & CURRENT LIABILITIES:

3/31/2017 3/31/2018 3/31/2019 3/31/2020 Peak Require-

Norms Norms Norms Last year Cur. Year Fol. Year Fol. Year ment as on
A. CURRENTASSETS
1) Raw materials (incldg. Stores &
other items used in the process
of manufacture)
a) Imported
Month's consumption
b) Indigenous - - - -
Month's consumption - - - -
2) Other consumable spares, excldg.
those included in 1 above.
a) Imported
Month's consumption
b) Indigenous - - - -
#REF! Month's consumption - - - -
3) Stocks in process:
(Months cost of production) - - - -
4) Finished goods 3.30 37.50 49.10 50.08
(months cost of sales) (0.13) (0.74) (0.84) (0.79)
5) Receivables other than export &
deferred receivables (incldg. Bills
purchased & discounted by banks) - 35.00 50.12 58.64
(Month's domestic sales) - (0.67) (0.84) (0.90)
Excluding deferrred payment sales
6) Export receivables (incldg. Bills
purch. & disc) Month's export sales
7) Advances to suppliers of raw
materials & sttores/spares, cons. 0.00 0.00 0.00 0.00
8) Other current assets incl. Cash
receivables due within one year 33.43 30.00 12.02 10.32
(specify major items)

9) TOTAL CURRENTASSETS 36.72 102.50 111.24 119.04

(To agree with item 34 in Form III) 111.24 119.04 - -

B. CURRENT LIABILITIES
(Other than bank borrowings for
working capital)
10) Creditors for purchase of raw mate-
rials, stores & Consumable spares - 13.75 14.00 14.25
(Months purchases) - (0.26) (0.24) (0.23)
11. Advances from customers
12. Statutory liabilities - - - -
13. Other current liabilities :
Short term borrowings, unsecured
loans, dividend payable, instalments
of T.L.,DPG, Public deposits, - - - -
Debentures, etc. 0.05 - - -

14. TOTAL 0.05 13.75 14.00 14.25

(To agree with sub total B-Form III) 14.00 14.25 - -

BANK FINANCE FOR WORKING CAPITAL: (Rs. in lakhs)

As per Balance sheet as at
28.25 3/31/2017 3/31/2018 3/31/2019 3/31/2020
Last year Cur. Year Fol. Year Fol. Year
0.05
1. Total Current Assets 36.72 102.50 111.24 119.04
( 9 in form IV)
28.20 2. Other current liabilities 0.05 13.75 14.00 14.25
(Other than bank borrowing)
(14 of Form IV)
3. Working Capital Gap (1-2) 36.67 88.75 97.24 104.79

4. Actual/projected net working

Capital (45 in Form III) 36.67 48.75 57.24 64.79

5. Item 3 minus item 4 - 40.00 40.00 40.00

6. Maximum permissible bank

finance - 40.00 40.00 40.00

0
FUNDS FLOW STATEMENT (Rs. in lakhs)
As per Balance sheet as at
3/31/2017 3/31/2018 3/31/2019 3/31/2020
Last year Cur. Year Fol. Year Fol. Year
1. SOURCES
a) Net Profit (after tax) 8.90 12.80 13.13 13.64
b) Depreceiation 0.68 0.58 0.01 0.01
c) Increase in capital/int. on cap. - - - -
d) Increase in Term Liabilities - - - -
e) Decrease in
i) Fixed Assets - - - -
ii) Other non-current assets - - - -
f) Others - 9.60 - -
g) TOTAL 9.58 22.98 13.14 13.65

2. USES
a) Net loss -
b) Decrease in Term liabilities - (14.70) 0.80 1.00
c) Increase in
i) Fixed Assets 9.68 23.56 - -
ii) Other non-current assets - - - -
d) Dividend payments/Withdrawls (8.57) 2.05 3.85 5.10
e) Others - - - -
f) TOTAL 1.10 10.91 4.65 6.10
3. Long Term Surplus (+) Deficit (-) 8.47 12.07 8.49 7.55
4. Increase / decrease in current
assets 8.47 65.78 8.74 7.80
5. Increase / decrease in current - 13.70 0.25 0.25
liabilities other than bank borrowings
6. Increase / decrease in WCG 8.47 52.08 8.49 7.55
7. Net surplus (+) deficit (-) - (40.00) - 0.00
8. Increase / decrease in bank - 40.00 - -
borrowings - (0.00) - 0.00
14.72
 INCREASE/DECREASE IN NET
SALES 95.00 58.00 (778.00) 58.00 -778.00 0.00

` Audited Audited Audited Audited Estimated Estimated

(2013-14) (2013-14)

Net Sales 625.00 720.00 778.00 720.00 778.00 -

PBT/Net Sales(%) 2.16% #DIV/0!
PAT 12.80 13.13 13.64 13.13 13.64 -
Operating Profit before Interest 16.10 21.07 21.84 21.07 21.84 -
Cash Accruals 13.38 13.14 13.65 13.14 13.65 -
PBDIT 16.68 21.08 21.85 21.08 21.85 -
Partners’ Capital 71.86 81.14 89.68 81.14 89.68 -
TNW* 81.46 90.74 99.28 90.74 99.28 -
Adjusted TNW 81.46 90.74 99.28 90.74 99.28 -
TOL/TNW 0.84 0.75 0.68 0.75 0.68 -
TOL/Adj. TNW 0.84 0.75 0.68 0.75 0.68 -
Current Ratio 1.91 2.06 2.19 2.06 2.19 -
NWC 48.75 57.24 64.79 57.24 64.79 -

Movements in TNW 31-3-2012 31-3-2012 31-3-2012 31-3-2013 2013-14(E) 2013-14(E)

Opening TNW 29.93 43.64 61.11 81.46 90.74 99.28

Add PAT 12.80 13.13 13.64 13.13 13.64 -
Add. Increase in equity 29.12 24.37 14.93 (3.85) (5.10) (89.68)
Add USL treated as quasi equity 9.60 9.60 9.60 - - (9.60)
Deduct : Drawings - Capital - - -
Deduct : Payments to USL - - - -
Closing TNW 81.46 90.74 99.28 90.74 99.28 -

As on 31-3-2013 2013-14(E) 2013-14(E) 2013-14(E) 2013-14(E) 0.00

Long term sources - - 9.58 22.98 13.14 13.65

Long term uses - - 1.10 10.91 4.65 6.10
Surplus - - 8.47 12.07 8.49 7.55

2004-05 2004-05 2004-05 2005-06 2006-07 2006-07 2008-09

Capacity utilization(%) #REF! #REF! #REF! #REF! 0% 0% 0%
Net Sales 778.00 - - - - - -
Net Profit * 13.64 - - - - - #VALUE!
Cash Accruals 13.65 - - - #VALUE! #VALUE! #VALUE!
Interest - - - - #REF! #REF! #REF! 2008-09
Total 13.65 - - - #REF! #REF! #REF! 0%
TL - - - - #REF! #REF! #REF! -
###
Interest - - - - #REF! #REF! #REF! ###
Total - - - - #REF! #REF! #REF! #REF!
Gross DSCR #DIV/0! #DIV/0! #DIV/0! #DIV/0! #REF! #REF! #REF! #REF!
Avg.Gross DSCR #REF! #REF!
Net DSCR #DIV/0! #DIV/0! #DIV/0! #DIV/0! #VALUE! #VALUE! #VALUE!
Avg.Net DSCR #VALUE! #REF!
#REF!
#REF!
2004-05 2004-05 2004-05 2005-06 2006-07 2006-07
Particulars ###
WDV of fixed assets 47.39 0.00 0.00 0.00 #REF! #REF!
Aggregate TL outstanding 12.90 - - - #VALUE! #VALUE!
Security margin available 34.49 - - - #REF! #REF!
% of Margin 73% #DIV/0! #DIV/0! #DIV/0! #REF! #REF!

f) Break- Even Analysis. (2005-06)

Net sales #REF! #REF! #REF!

BEP ( % ) #REF! #REF! #REF!
BEP sales #REF! #REF! #REF!
Margin of safety #REF! #REF! #REF!

` Actuals Actuals Actuals Projected Accepted by us Projected

2008-09 2008-09 2008-09 2009-10 2009-10 2010-11

- Raw Materials - - - - - - -
months months months months months
SIP --- ---
FG 3.89 22.17 25.29 22 100 100 25
days days days days days
Receivable - 20.16 25.06 20 15 15 25
days days days days days
S Creditors
- Domestic - 7.88 7.25 8 9 9 7
days days days days days

Gross Working capital

(25% of projected annual sales of Rs. 778.00 - - (A)

Less: Promoter’s margin (NWC)

i) 5% of projected annual sales 38.90 -

ii) Actual NWC available as per previous 62.36 (2.43)

Balance sheet, whichever is higher (B)

PERMISSIBLE BANK FINANCE (A-B) (C)

Less: i. Creditors for purchase, if any(9

days 13.75 14.00 - (D)
Purchases

ii. Advance payment received

NEED BASED BANK FINANCE (C-D) (13.75)

or Say 23.00

Anticipated Monthly Sales/Receipts(2009-

10) 64.83 - -
Cost of Sales per Month 63.01 - -
Cost of production per Month 61.84 - -
Cost of RM per Month 61.80 - -
Cost of other consumable spares - - -

0.00
WORKING CAPITALASSESSMENT
(Accepted by us)
PARTICULARS / LEVELS 2009-10
(Projected)
S.NO.

Gross W.C. As Per Traditional Method

a)Raw Materials in months -

II b) Other consumable spares in months -

1 Stock-In-Process (months COP) in days

Finished Goods (months COS) in days 100 100 100 211.09 0.00
2 Receivables (months Gross Sales) 15 15 15 32.42 58.64
3

4 Gross Working Capital (A) 243.51

Assessment
Gross W.C. of W.C.
III 243.51
IV Less Promoter's Margin
1 (i) 1/5th of GWC at (A) 48.70 - -
2 (ii) Actual NWC as per prev. B/S 62.36 (2.43) -
Promoter's Margin (Higher of i, ii above)
(B) 62.36

Permissible Bank Finance (C-D) (C) 181.16

VI Less

VII (i) Sundry Creditors (months purchases) 9 days 9 days 9 days 13.75
VIII (ii) Advances -
Sub-toal (D) 13.75

Need Based Bank Finance (C-D) (E) 167.41

IX
X

f. Efficiency ratios :

Particulars Actuals Actuals Actuals Estimates Projections Projections

2012-13 2012-13 2012-13 2,013.14 2014-15 2014-15

Net sales to Total Tangible Assets (times) 4.54 4.67 #DIV/0! 4.67 #DIV/0! #DIV/0!

PBT to Total Tangible Assets (%) 10.13% 10.12% #DIV/0! 10.12% #DIV/0! #DIV/0!
Operating cost to sales (%) 97% 97% #DIV/0! 97% #DIV/0! #DIV/0!
Bank finance to Current Assets (%) 36% 34% #DIV/0! 34% #DIV/0! #DIV/0!
Inventory + Receivables to Net Sales 1.65 33.55 #DIV/0! 33.55 #DIV/0! #DIV/0!
(days)

CREDIT RISK ASSESSMENT (WC) ANNEXURE - IV (A)

Based on Audited Balance Sheet as on 31-3-2007 RISK RATING SUMMARY

FINANCIAL RISK PARAMETRES Range 31-3Range 31-3Range 31-3Marks
Obtained
Current Ratio 2.19 - -
TOL/TNW 0.68 - -
PBDIT/INTT (Times) 4.37 #DIV/0! #DIV/0!
Inventory/+ Receivables/Gross Sales ( 33.55 #DIV/0! #DIV/0!
PAT/ Net Sales % 1.75% #DIV/0! #DIV/0!
ROCE % 13.13% #DIV/0! #DIV/0!
Aggregate Financial risk score (out of 60)
BUSINESS RISK PARAMETRES
Banking with us
Promoters experience in running rice mills
Continuous profit
Sales show rising trrend
Collateral: Percentage of total exposure to the
unit Fund based and non fund based
Aggregate Business risk score (out of 40)
 Estimated Profit and Loss account for the year ending 31-03-2018

Particulars Amount Particulars Amount

To Opening Stock 329,600.00 By Sales 62,500,000.00

To Purchases 62,795,400.00
By Closing Stock 3,750,000.00
To Gross Profit c/d 3,125,000.00

66,250,000.00 66,250,000.00 -

To Audit Fee 5,000.00 By Gross Profit b/d 3,125,000.00

To Bank Charges 10,000.00
To Depreciation 57,832.00
To Electricity expenses 35,000.00
To Incentives (Discount) 240,000.00
To Packing Material 110,000.00
To Printing and Stationery 40,000.00
To Salaries 550,000.00
To Telephone Charges 22,000.00
To Transport expenses 75,000.00
To Travelling expenses 115,000.00
To Vechicle Maintenance 165,000.00
To Bank interest 50,000.00
To Miscelleneous expenses 90,168.00
To Provision for Tax 280,000.00

To Net Profit 1,280,000.00

3,125,000.00 3,125,000.00

Estimated Balance Sheet as on 31-03-2018

Liabilities Amount Assets Amount

Perneti Venkateswarlu Fixed Assets

Capital A/C 6,110,598.00 Ag Land 2.00acr Annareddypalem 967,700.00
Add: Agricultural Ag Land at Patur(V) 429,250.00
income 160,000.00 Ag Land at Vavver(V) 657,105.00
Add : Net Profit 1,280,000.00 Furniture and Fittings 9,696.00
7,550,598.00 Building at Buchireddypalem 2,677,500.00
Less : Drawings 300,000.00
Less : Housing Loan
Interest (Union Bank) 65,000.00 7,185,598.00

Current Assets
Loans (Liability) Closing Stock 3,750,000.00
Union Bank Loan 1,470,000.00 Sundry Debtors 3,500,000.00
Perneti Kesavulu 960,270.00 Cash in Hand 129,617.00
Union Bank OD 4,000,000.00 6,430,270.00 Bank Balance 2,870,000.00

Current Liabilities
Sundry Creditors 1,375,000.00

14,990,868.00 14,990,868.00 -
 Projected Profit and Loss account for the year ending 31-03-2019

Particulars Amount Particulars Amount

To Opening Stock 3,750,000.00 By Sales 72,000,000.00

To Purchases 69,560,000.00
By Closing Stock 4,910,000.00
To Gross Profit c/d 3,600,000.00

76,910,000.00 76,910,000.00 -

To Audit Fee 5,000.00 By Gross Profit b/d 3,600,000.00

To Bank Charges 15,000.00
To Union Bank OD Interest 500,000.00
To Depreciation 1,000.00
To Electricity expenses 43,000.00
To Incentives (Discount) 245,000.00
To Packing Material 125,000.00
To Printing and Stationery 43,000.00
To Salaries 700,000.00
To Telephone Charges 21,000.00
To Transport expenses 80,000.00
To Travelling expenses 125,000.00
To Miscelleneous expenses 90,000.00
To Provision for Tax 294,000.00

To Net Profit 1,313,000.00

3,600,000.00 3,600,000.00 -

Projected Balance Sheet as on 31-03-2019

Liabilities Amount Assets Amount

Perneti Venkateswarlu Fixed Assets

Capital A/C 7,185,598.00 Ag Land 2.00acr Annareddypalem 967,700.00
Add: Agricultural Ag Land at Patur(V) 429,250.00
income 165,000.00 Ag Land at Vavver(V) 657,105.00
Add : Net Profit 1,313,000.00 Furniture and Fittings 8,696.00
8,663,598.00 Building at Buchireddypalem 2,677,500.00
Less : Drawings 450,000.00
Less : Housing Loan
Interest (Union Bank) 100,000.00 8,113,598.00

Current Assets
Loans (Liability) Closing Stock 4,910,000.00
Union Bank Loan 1,390,000.00 Sundry Debtors 5,012,000.00
Perneti Kesavulu 960,270.00 Cash in Hand 91,617.00
Union Bank OD 4,000,000.00 6,350,270.00 Bank Balance 1,110,000.00

Current Liabilities
Sundry Creditors 1,400,000.00

15,863,868.00 15,863,868.00 -
 Projected Profit and Loss account for the year ending 31-03-2020

Particulars Amount Particulars Amount

To Opening Stock 4,910,000.00 By Sales 77,800,000.00

To Purchases 74,163,800.00
By Closing Stock 5,008,200.00
To Gross Profit c/d 3,734,400.00

82,808,200.00 82,808,200.00 -

To Audit Fee 5,000.00 By Gross Profit b/d 3,734,400.00

To Bank Charges 18,000.00
To Union Bank OD Interest 500,000.00
To Depreciation 900.00
To Electricity expenses 48,000.00
To Incentives (Discount) 254,000.00
To Packing Material 130,000.00
To Printing and Stationery 48,000.00
To Salaries 700,000.00
To Telephone Charges 26,100.00
To Transport expenses 85,000.00
To Travelling expenses 135,000.00
To Miscelleneous expenses 100,400.00
To Provision for Tax 320,000.00

To Net Profit 1,364,000.00

3,734,400.00 3,734,400.00 -

Projected Balance Sheet as on 31-03-2020

Liabilities Amount Assets Amount

Perneti Venkateswarlu Fixed Assets

Capital A/C 8,113,598.00 Ag Land 2.00acr Annareddypalem 967,700.00
Add: Agricultural Ag Land at Patur(V) 429,250.00
income 170,000.00 Ag Land at Vavver(V) 657,105.00
Add : Net Profit 1,364,000.00 Furniture and Fittings 7,796.00
9,647,598.00 Building at Buchireddypalem 2,677,500.00
Less : Drawings 600,000.00
Less : Housing Loan
Interest (Union Bank) 80,000.00 8,967,598.00

Current Assets
Loans (Liability) Closing Stock 5,008,200.00
Union Bank Loan 1,290,000.00 Sundry Debtors 5,863,600.00
Perneti Kesavulu 960,270.00 Cash in Hand 122,717.00
Union Bank OD 4,000,000.00 6,250,270.00 Bank Balance 909,000.00

Current Liabilities
Sundry Creditors 1,425,000.00

16,642,868.00 16,642,868.00 -