Sie sind auf Seite 1von 7

Choudhary Gum Factory

Renwal (Jaipur)
Annexure-I
M/s. XYZ Factory - WC Loan
(Rs. lakh)

2006 2007 2008 2009 2010

Audited Audited Audited Estimated Projections

I. PROFIT AND LOSS ACCOUNT:


SALES:
(i) Domestic Sales 1628.68 1637.64 1763.86 1900.00 2155.00
(ii) Export Sales
GROSS SALES: 1628.68 1637.64 1763.86 1900.00 2155.00
LESS: Excise duty
ADD: Other Operating Income 78.19 73.52 41.74
NET SALES: 1706.87 1711.16 1805.60 1900.00 2155.00
Increase in Net Sales (%) 0.25% 5.52% 5.23% 13.42%
COST OF SALES:
(i) Raw materials
A. Imported 0.00 0.00 0.00 0.00 0.00
B. Indigenous 1569.88 1526.10 1646.11 1830.00 1760.00
(ii) Other Spares
A. Imported 19.04 40.15 45.91 48.00 52.00
B. Indigenous 0.00 0.00 0.00 0.00 0.00
(iii) Power & Fuel 20.21 51.14 58.34 60.00 65.00
(iv) Direct Labour 12.62 16.29 23.20 25.00 25.00
(v) Material handling charges
(vi) Depreciation 3.93 21.63 9.03 7.88 6.75
(vii) Repairs & Maintenance 1.97 6.95 8.05 10.00 12.00
(viii) Other Manuf. Expenses 11.98 29.23 73.40 102.00 51.00
SUB TOTAL: 1639.63 1691.50 1864.03 2082.88 1971.75
ADD: Opening Stock in Process 0.00 0.00 0.00 0.00 0.00
DEDUCT: Closing Stock in Process 0.00 0.00 0.00 0.00 0.00
COST OF PRODUCTION: 1639.63 1691.50 1864.03 2082.88 1971.75
C O P as % of Gross Sales 100.67% 103.29% 105.68% 109.63% 91.50%
ADD: OP Stock of Finished Goods 60.39 17.09 21.33 118.65 520.00
DEDUCT: CL Stock of Finished Goods 17.09 21.33 118.65 520.00 545.00
COST OF SALES: 1682.94 1687.26 1766.71 1681.53 1946.75
Cost of Sales as % of Gross Sales 103.33% 103.03% 100.16% 88.50% 90.34%
Selling, General & Admn. Expenses 17.41 15.07 23.26 135.64 130.65
PROFIT BEFORE INTEREST & TAX (PBIT) 6.52 8.83 15.63 82.83 77.60
PBIT as % of Gross Sales 0.40% 0.54% 0.89% 4.36% 3.60%
Interest & Other Financial Charges 3.77 5.18 11.68 66.86 59.86
Intt. & Fin. Charges as % of Sales 0.23% 0.32% 0.66% 3.52% 2.78%
OPERATING PROFIT BEFORE TAX (PBT) 2.75 3.66 3.95 15.97 17.74
PBT as % of Gross Sales 0.17% 0.22% 0.22% 0.84% 0.82%
ADD: Other Nonoperative Income
(i) Interest & dividend
(ii) Shipping brokerage
(iii) Exchange Prov Written Back
(iv) Profit on sale of assets
(v) Other income
SUB-TOTAL (INCOME) 0.00 0.00 0.00 0.00 0.00
Deduct Other Non-operating Exp.
(i) Loss on Invst
(ii) Loss on Forex
(iii) Loss on Sale of Fixed Assets
(iv) Bad Debts W/ Off
(v)Other expenses
SUB-TOTAL (EXPENSES) 0.00 0.00 0.00 0.00 0.00
PROFIT BEFORE TAX / LOSS 2.75 3.66 3.95 15.97 17.74
Tax Paid
Provision for Taxes 0.00 0.00 0.83
NET PROFIT/LOSS (PAT) 2.75 3.66 3.12 15.97 17.74
PAT as % of Gross Sales 0.17% 0.22% 0.18% 0.84% 0.82%
Equity/Pref. Dividend Paid (i) Amt
(ii) Rate
RETAINED PROFIT 2.75 3.66 3.12 15.97 17.74

file:///opt/scribd/conversion/tmp/scratch6615/51972826.xls 02/20/2011
Choudhary Gum Factory
Renwal (Jaipur)

file:///opt/scribd/conversion/tmp/scratch6615/51972826.xls 02/20/2011
Choudhary Gum Factory
Renwal (Jaipur)

II. BALANCE SHEET


LIABILITIES: 2006 2007 2008 2009 2010
CURRENT
Short TermLIABILITIES:
borrowings from banks Audited Audited Audited Estimated Projections
(including bill
purchased/discounted)
(i) from applicant bank C Car Loan ) 1.19 0.00
(ii) from other banks 35.35 42.79 36.17 450.00 450.00
(iii) (of which Bill purchased & disc.)
SUB-TOTAL 35.35 42.79 36.17 451.19 450.00
Short Term Borrowings from others
Sundry Creditors (Trade) 166.51 48.02 87.16 130.00 128.61
Adv payment fm cust / dep fm dealers
Provision for TAxation 0.17 0.83
Dividend
Other payable
Statutory Liabilities
(Due
within One Year)
Instalments of Term loans / Debentures
/ . DPGs / deposits etc. (due
within 1 year)
Expenses payable 1.69 1.71 1.45 9.00 9.00
Interest accrued bot not due
Dues to Directors
Security Dep- Suppliers and Contractors
Other Current Liabilities
Creditors for capital goods

SUB-TOTAL 168.37 49.73 89.44 139.00 137.61


TOTAL CURRENT LIABILITIES 203.72 92.52 125.61 590.19 587.61

TERM LIABILITIES
Debentures (not maturing within 1 year)
Pref. Shares (redeemable after 1 Yr)
Yr) 1.02 76.65
Term Deposits ( repayable after 1 year)
Unsecured loans (relatives) 26.48 33.44 33.44 33.44 33.44
Mobilisation Advace repayable after1 year (SME Loans) 64.33 21.56
Deferred Sales Tax
Deferred Tax Liability
TOTAL TERM LIABILITIES 27.49 33.44 110.09 97.77 55.00

Proprietor's Capital Account 5.54 8.03 24.69 37.40 52.00


Preference Share Capital
General reserve
Capital Reserve
Surplus(+) or deficit (-) in P & L Account 0.00 0.00 0.00 0.00 0.00
Share Application Money
Security Premium
Share Premium
Capital redemption reserve

NET WORTH 5.54 8.03 24.69 37.40 52.00

TOTAL LIABILITIES 236.75 133.99 260.39 725.36 694.61

ASSETS: 2006 2007 2008 2009 2010


CURRENT ASSETS Audited Audited Audited Estimated Projections
Cash and Bank Balances 0.68 14.12 3.39 15.00 16.00
Investments (Other than Long Term)
(i) Govt. & other securities
(ii) Fixed deposits with banks
RECEIVABLES 180.80 31.98 74.39 140.75 90.75
Domestic Sales 180.80 31.98 74.39 140.75 90.75
Export Recv( Incl. B/P& Disc by banks) 0.00 0.00 0.00 0.00 0.00

INVENTORY 17.09 21.33 118.65 520.00 545.00


Raw Material - Indigenous
Raw Material - Imported

file:///opt/scribd/conversion/tmp/scratch6615/51972826.xls 02/20/2011
Choudhary Gum Factory
Renwal (Jaipur)
Stock in process 0.00 0.00 0.00 0.00 0.00
Finished Goods 17.09 21.33 118.65 520.00 545.00
Packing materials 0.00 0.00 0.00 0.00 0.00
Cl Stock of Traded goods
Stores & Spares
Advance to suppliers of raw material
Other Current Assets:
(i) Deposits 0.55 4.59
(ii) Duties & Taxes paid in Advance 1.24 1.88
(iii) Share application money
(iv) Loans and Advnces 5.55
(iv) Others
TOTAL CURRENT ASSETS 205.90 67.43 202.90 675.75 651.75
FIXED ASSETS
(i) Builing, Plant & Machinery 30.86 66.57 57.49 49.61 42.85
(ii) Furnitures & Fixtures
(iii) Other Fixed Assets
(ivi Capital Works in progress

NET BLOCK 30.86 66.57 57.49 49.61 42.85


OTHER NON CURRENT ASSETS
(i) Investments in Subsidiary
companies/ . Affiliates
(ii) Other Investments
Goods/Contractors
year)
(v) Margin money kept with banks.
(vi) Debtors exceedings 6 months
(vii) Short Term Deposits with Corporate
(viii) Non-consummable stores & spares
(ix) Other Non current assets
TOTAL OTHER NON CURRENT ASSETS 0.00 0.00 0.00 0.00 0.00
Intangible Assets (patents, goodwill,
prelim. expenses, bad/doubtfull
expenses not provided for)
TOTAL ASSETS 236.75 133.99 260.39 725.36 694.61

Total Liabilities - Total Assets 0.00 0.00 0.00 0.00 0.00

file:///opt/scribd/conversion/tmp/scratch6615/51972826.xls 02/20/2011
Choudhary Gum Factory
Renwal (Jaipur)
BUILD UP OF CURRENT ASSETS 2006 2007 2008 2009 2010
Audited Audited Audited Estimated Projections
Raw Material - Indigenous 0.00 0.00 0.00 0.00 0.00
Month's Consumption 0.00 0.00 0.00 0.00 0.00
Raw Material - Imported 0.00 0.00 0.00 0.00 0.00
Month's Consumption #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Consumable spares indigenous 0.00 0.00 0.00 0.00 0.00
Month's Consumption #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Consumable spares- Imported 0.00 0.00 0.00 0.00 0.00
Month's Consumption 0.00 0.00 0.00 0.00 0.00
Stock in process 0.00 0.00 0.00 0.00 0.00
Month's Cost of Production 0.00 0.00 0.00 0.00 0.00
Finished Goods 17.09 21.33 118.65 520.00 545.00
Month's Cost
Receivables of Salesother than
(Domestic) 0.12 0.15 0.81 3.71 3.36
. deferred & exports (Incl. bills
purchased & . discounted by
banks) 180.80 31.98 74.39 140.75 90.75
Month's
Export Domestic
Recv.(Incl. Sales
bills purchased & 1.33 0.23 0.51 0.89 0.51
. discounted by banks)
0.00 0.00 0.00 0.00 0.00
Month's Export Sales #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

BUILD UP OF CURRENT LIABILITY


( Other Than Bank Borrowings for
. Working Capital)
Creditors for Purchases of RM 166.51 48.02 87.16 130.00 128.61
Month's Purchases 1.26 0.37 0.62 0.83 0.85

III. CALCULATION OF MAXIMUM PERMISSIBLE BANK FINANCE

2006 2007 2008 2009 2010


Audited Audited Audited Estimated Projections
1. Total
. Current Assets
than Bank Borrowings & TL 205.90 67.43 202.90 675.75 651.75
Instalments

due within one Year) 168.37 49.73 89.44 139.00 137.61


3. Min.
4. Working CapitalNet
Stipulated GapWorking 37.53 17.69 113.47 536.75 514.14
. Capital (25% of Total Current
Assets . excluding
Export Receivables) 51.47 16.86 50.73 168.94 162.94
5. Actual/ Projected NWC 2.18 -25.09 77.29 85.56 64.14
6. Item 3 Minus Item 4 -13.95 0.84 62.74 367.81 351.20
7. Item 3 Minus Item 5 35.35 42.79 36.17 451.19 450.00
8. Maximum Permissible Bank
.
9. Excess Finance ( lower
borrowings of 6 or 7 )
representing -13.95 0.84 36.17 367.81 351.20

Shortfall in NWC 49.29 41.95 NIL 83.38 98.80

IV. STATEMENT OF FINANCIAL ANALYSIS


2006 2007 2008 2009 2010
Audited Audited Audited Estimated Projections
A. PROFILE ANALYSIS
Total Assets (Tangible) 236.75 133.99 260.39 725.36 694.61
Total Outside Liabilities 231.21 125.96 235.70 687.95 642.61
Tangible Networth 5.54 8.03 24.69 37.40 52.00
Net sales 1706.87 1711.16 1805.60 1900.00 2155.00
PBDIT 10.45 30.47 24.66 90.71 84.35
Operating Profits (PBIT) 6.52 8.83 15.63 82.83 77.60
Net Profit 2.75 3.66 3.12 15.97 17.74
Gross Cash Accruals 6.68 25.29 12.15 23.85 24.49
Net Working Capital 2.18 -25.09 77.29 85.56 64.14
% of NWC to Current Assets 1.06% -37.22% 38.09% 12.66% 9.84%
B. LIQUIDITY ANALYSIS
Current Ratio 1.01 0.73 1.62 1.14 1.11
Quick Ratio 0.93 0.50 0.67 0.26 0.18
C. PROFITABILITY ANALYSIS

file:///opt/scribd/conversion/tmp/scratch6615/51972826.xls 02/20/2011
Choudhary Gum Factory
Renwal (Jaipur)
PBDIT/Sales (%) 0.61% 1.78% 1.37% 4.77% 3.91%
PBIT / Net Sales (%) 0.38% 0.52% 0.87% 4.36% 3.60%
PBT / Net Sales (%) 0.16% 0.21% 0.22% 0.84% 0.82%
Net Profit/ Sales (%) 0.16% 0.21% 0.17% 0.84% 0.82%
Return on Assets (%) 1.16% 2.73% 1.20% 2.20% 2.55%
Retained Profits / Net Profits (%) 100.00% 100.00% 100.00% 100.00% 100.00%
Return on Net Worth(%) 49.61% 45.54% 12.64% 42.70% 34.11%
D. ACTIVITY ANALYSIS( IN DAYS)
Recv. Turnover - Domestic 41 7 15 27 15
Recv. Turnover - Export #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Inventory Turnover 4 5 25 100 92
Accounts Payables Turnover 38 11 19 25 26
Fixed Assets Turnover Ratio 55.32 35.13 29.11 35.48 46.61
E. GROWTH RATIOS
Net Sales Growth (%) 0.25% 5.52% 5.23% 13.42%
Net Profit Growth (%) 33.00% -14.66% 411.60% 11.08%
Net Worth Growth (%) 44.90% 207.42% 51.47% 39.02%
F. LEVERAGE & OTHER RATIOS
TOL / TNW 41.71 15.68 9.54 18.39 12.36
Interest Cover 2.77 5.89 2.11 1.36 1.41
DER 4.96 4.16 4.46 2.61 1.06
FACR 0.16 0.99 0.22 0.17 0.17

V. FUNDS FLOW STATEMENT

file:///opt/scribd/conversion/tmp/scratch6615/51972826.xls 02/20/2011
Choudhary Gum Factory
Renwal (Jaipur)
2006 2007 2008 2009 2010
Audited Audited Audited Estimated Projections
Profit After Tax 3.66 3.12 15.97 17.74
Depreciation 21.63 9.03 7.88 6.75
Dividends 0.00 0.00 0.00 0.00
Funds From Operations 25.29 12.15 23.85 24.49
Long Term Sources:
Change in Capital 2.49 16.66 12.71 14.60
Net Change in Reserve -3.66 -3.12 -15.97 -17.74
Change in Term Loans 5.95 76.65 -12.32 -42.77
Total [Source(+) / Deficit(-)] 30.07 102.34 8.27 -21.42
Long Term Uses:
Net Change in Fixed Assets 57.34 -0.05 0.00 0.00
Change in Other Non Current
. Assets (including Investments) 0.00 0.00 0.00 0.00
Change in Investments in Group Cos. 0.00 0.00 0.00 0.00
Change in Intangibles 0.00 0.00 0.00 0.00
Contribution to Working Capital -27.27 102.39 8.27 -21.42
Chort Term Uses
Change in Net Working Assets -144.58 139.73 467.71 -25.00
Change in Other Current Assets -1.79 6.48 -6.48 0.00
Short Term Sources
Change in Other Current Liabilities -118.64 39.70 49.56 -1.39
Change in Bank Borrowings/Loans 7.44 -6.61 415.01 -1.19
Net Deficit/ Surplus in S T Sources 35.17 -113.12 3.34 22.42

Net Movement in Liquid Assets 7.89 -10.73 11.61 1.00


Change in cash 13.44 -10.73 11.61 1.00
Change in Marketable Investments 0.00 0.00 0.00 0.00
Net Movement in Liquid Assets 13.44 -10.73 11.61 1.00

VI. CASH FLOW STATEMENT


Operating Sector
Sales 1711.16 1805.60 1900.00 2155.00
Debtors (Trade) [Inc.(+)/Dec.(-)]
-148.82 42.41 66.36 -50.00
Cash From Sales 1859.99 1763.19 1833.64 2205.00
Costs- Interest & Finance Charges 5.18 11.68 66.86 59.86
Expenses on Stocks Purchases 1566.25 1692.01 1878.00 1812.00
Trade Creditors [Inc.(-)/Dec.(+)]118.49 -39.14 -42.84 1.39
Manufacturing Expenses 103.62 162.99 197.00 153.00
Cash Cost of Sales 1793.53 1827.54 2099.02 2026.25
Expenses for Inc. / Dec. in Stocks 0.00 0.00 0.00 0.00
Cash from Aset Conversion Cycle 66.45 -64.35 -265.38 178.75
Selling, Gen. & Adm. Expenses 15.07 23.26 135.64 130.65
Advance Payments [Inc.(+)/Dec.(-)] 0.00 0.00 0.00 0.00
Advances Received [Inc.(-)/Dec.(+)] 0.00 0.00 0.00 0.00
Taxation 0.00 0.83 0.00 0.00
Dividends 0.00 0.00 0.00 0.00
Cash From Operations 51.39 -88.44 -401.02 48.10
Other Current Assets [Inc.(+)/Dec.(-)] -1.79 6.48 -6.48 0.00
Other Current Liabilities [Inc.(-)/Dec.(+)] 0.15 -0.57 -6.72 0.00
Other Income/Expenses(Net) 0.00 0.00 0.00 0.00
Net Cash From Operations 53.02 -94.35 -387.82 48.10
Investment Sector
Capital Expenditure [Inc.(+)/Dec.(-)] 57.34 -0.05 0.00 0.00
Investment in Group Comp's [Inc.(+)/Dec.(-)] 0.00 0.00 0.00 0.00
Intang,/Other Term Assets [Inc.(+)/Dec.(-)] 0.00 0.00 0.00 0.00
Cash Before Funing -4.32 -94.31 -387.82 48.10
Financing Sector
Dues to Banks [Inc.(+)/Dec.(-)] 7.44 -6.61 415.01 -1.19
Short Term Debts [Inc.(+)/Dec.(-)] 0.00 0.00 0.00 0.00
Term Debts [Inc.(+)/Dec.(-)] 5.95 76.65 -12.32 -42.77
Equity [Inc.(+)/Dec.(-)] 2.49 16.66 12.71 14.60
Other Loans & Reserves [Inc.(+)/Dec.(-)] -3.66 -3.12 -15.97 -17.74
Total 12.22 83.58 399.43 -47.10
Movement in Cash Assets 7.89 -10.73 11.61 1.00
Cash & Bank Balance [Inc.(+)/Dec.(-)] 13.44 -10.73 11.61 1.00
Investments (Other Than Long Term) [Inc.(+)/Dec.(-)] 0.00 0.00 0.00 0.00
Movement in Cash Assets 13.44 -10.73 11.61 1.00

file:///opt/scribd/conversion/tmp/scratch6615/51972826.xls 02/20/2011