rice mill detailed project report - 9t per hour - for finance, subsidy & project related support...

FOR

OF

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

WorksAt/Po - Paribasudeipur, Balianta, Dist: Khurda, Odisha

SL. P A R T I C U L A R S : REMARKS:1 I) Name of the unit : M/S.SONTHALIA RICE MILL

ii) Locationa. Administrative Office : PLOT NO-1554B, SECTOR-6, CDA,

CUTTACK - 753014, ODISHA

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

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 Capacityi) Installed Capacity : 43,200 M. T. per year (9T/HR.)

ii) Utilised Capacity : I YEAR II YEAR III YEAR40% 42% 45%

iii) No. of Days : 300 Daysiv) No. of Shifts : 2 Sifts

7 Employment : 50

8 PROJECT COST :( Rs. In Lacs) Existing Additional TotalI) Land & Site Development : 10.06 - 10.06II) Building & Other Civil Works : 83.86 130.40 214.26III) Plant & Machinery : 261.19 87.00 348.19IV) Misc. Fixed Assets : 54.37 - 54.37V) Furniture & Fixtures : 2.25 - 2.25VI) Pre-Operative Exp. : - 15.93 15.93VII) Margin Money for Working Capital : 168.85 - 168.85T O T A L : : 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 - 14.66ii) Term Loan : 99.00 153.00 252.00T O T A L : : 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 : 2.08Rs. In Lacs

Existing Additional Total14 Financial Exposure Required : Term Loan 99.00 153.00 252.00

Cash Credit 300.00 -100.00 200.00Bank Guarantee 5.00 40.00 45.00Total 404.00 93.00 497.00

PROJECT PROFILE

M/S SONTHALIA RICE MILL

(Rs. Lacs)Sl.No. P A R T I C U L A R S : 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

T O T A L : 233.33 78.11 155.23

OR SAY 233.33 80.33 153.00

MEANS OF FINANCE

Promoters' Contribution 80.33

Term Loan 153.00COST OF THE PROJECT 233.33

Working Capital 200.00

SONTHALIA RICE MILLAT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA

TOTAL COST OF PROJECT & MEANS OF FINANCING

(Rs. Lacs)S.N PARTICULARS AMOUNT1 LAND :

Land Including Development Existing

2 CIVIL CONSTRUCTION :

S. No. PARTICULARS AREA RATE PER VALUESQ.FT. SQ. FT (Rs.)

1 GodownCivil Works 17,000.00 765.00 130.00

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

Godown with complete with brick work & GCIroofing sheet over iron truss & cementflooring


LAND & BUILDING

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

1 Parboiling Section 12 Dryer 1

-Or Say 87.00


MAIN PLANT & MACHINERY

(Rs Lacs)S. No. PARTICULARS AMOUNT

1 Office Furniture like chairs, Table 0.00Almirah, Racks etc.

2 Computer and accessories 0.00

TOTAL : 0.00

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) 9.56Assume disbursement will be made uniformallyduring the period.

15.93


FURNITURE & FIXTURES

PRILIMINARY & PRE- OPERATIVE EXPENSES

ANNEXURE - 3

S No. PARTICULARS No. of Post RATE/MONTH PER MONTH PER ANNUM

1st Year :

I. ADMINISTRATIVE WING :1 Accountant cum Manager 1 15000 15000 1.802 Taxation Manager 1 15000 15000 1.803 Accounts & Office Assts. 2 6500 13000 1.564 Sales Manager 2 15000 30000 3.605 Store Keeper 2 8000 16000 1.926 Assistants 4 5000 20000 2.407 Peon 2 3500 7000 0.848 Watch Man 6 4500 27000 3.24

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

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

II. PRODUCTION : 2013-141 Production Manager 1 7000 7000 0.842 Supervisor 2 3500 7000 0.843 Machine Operator 2 4000 8000 0.964 Helper 2 2000 4000 0.485 Electrician 1 4000 4000 0.486 Boiler Man 1 5000 5000 0.607 Skilled Labour 6 3000 18000 2.168 Unskilled Labour 15 2400 36000 4.32

30Sub Total : 89000 10.68Add: Fringe benefit @25% 22250 2.67Grand Total 111250 13.35or Say (Rs. In Lacs) 13.35

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

AMOUNT ( Rs.)


SALARY & WAGES

(Amount in Lacs)

SlNo.

Particulars Rate Qnty.(MT) Value Qnty.

(MT) Value

1 Paddy 12500 43200 5400.00 8640 1080.002 Gunny Pockets(New) Nos. 30 185760 56.00 74304 22.29

5456.00 1102.29Add : Purchase expense like

transportation, MarketingHemali etc.

1% 54.56 11.025511.00 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)

Rate Qnty.(MT) Value Qnty.

(MT) Value

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

ParticularsSl

No.

At Installed Capacity

Projected

13-14

40%

40%


RAW MATERIALS & PACKING MATERIALS REQUIREMENTS

At Installed Capacity 13-14Projected

( * ) 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

CONSOLIDATED TOTAL SALES - INCLUDING FG (Amount in Lacs)

RiceSl

No.Particulars

Rate/MT (Rs.)

Qnty. (MT) Value Qnty. (MT) ValueQnty.(MT)

ValueQnty.(MT)

Value

1 RICE 20,450 14688 3,004.00 5875 1,201.00 6169 1,262.00 6610 1,352.002 BROKEN RICE (Net of VAT) 10,500 432 45.00 172 18.00 182 20.00 194 20.003 BRAN (Net of VAT) 13,500 3456 467.00 1382 186.00 1452 196.00 1556 210.004 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)

SlNo.

Particulars Rate/

MT (Rs.)Qnty. (MT) Value Qnty. (MT) Value

Qnty.(MT)

ValueQnty.(MT)

Value

1 SALE RICE 20,450 14688 3,004.00 5875 1,201.00 6169 1,262.00 6610 1,352.002 BROKEN RICE (Net of VAT) 10,500 216 23.00 86 9.00 91 10.00 97 10.003 BRAN (Net of VAT) 13,500 1728 233.00 691 93.00 726 98.00 778 105.004 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)

RiceSl

No.Particulars

Rate/MT (Rs.)

Qnty. (MT) Value Qnty. (MT) ValueQnty.(MT)

ValueQnty.(MT)

Value

1 CUSTOM MILLING CHARGES 700 14688 103.00 5875 41.00 6169 43.00 6610 46.002 BROKEN RICE (Net of VAT) 10,500 216 23.00 86 9.00 91 10.00 97 10.003 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

40% 42% 45%15-16

14-1540% 42% 45%

At Installed Capacity 13-14

At Installed Capacity 14-15 15-1613-14


SALES REALISATION

At Installed Capacity 13-14

15-16

14-15

42% 45%40%

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

REPAIR , MAINTENENCE & INSURANCE


ANNEXURE - 4

Energy RequirementS. N. PARTICULARS Nos. H. P. Required Total H.P.

Required1 Rice Miling plant complete 2 no. 30 HP 602 Paddy Cleaning plant 1 no. 15HP 153 Rice Cleaner 2 no 7.5 hp 154 Paddy separator & elevator 2 no. 5 HP 105 Others L.S 40 HP 40

TOTAL 140

Total KW = 140 x .746 = 104.44 KWAdd : for lighting purposes 3.62 KWTotal KW 108.00 KW

Total Connected KVA = 108/.8 135.00 KVAOr 135.00 KVA

Total Industrial Energy consumed Total KW x .75 x 30per 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 3RDCAPACITY YEAR YEAR YEAR

60% 70% 80%1 Energy consumed 38880 23328 27216 31104

2 Actual chargesi. 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

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


POWER & FUEL

(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


SALES & ADMINISTRATIVE EXPENSES

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

( i ) Amount borrowed : 153.00

( ii ) Mode of payment :

(iii) Rate of Interest : 13.00%

YEAR OPENING INSTALMENT CLOSING AVARAGE INTERESTBALANCE PAID BALANCE BALANCE

2013-2014 153.00 - 153.00 153.00 19.892014-2015 153.00 21.86 131.14 142.07 18.472015-2016 131.14 21.86 109.29 120.21 15.632016-2017 109.29 21.86 87.43 98.36 12.792017-2018 87.43 21.86 65.57 76.50 9.952018-2019 65.57 21.86 43.71 54.64 7.102019-2020 43.71 21.86 21.86 32.79 4.262020-2021 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%


2013-2014 13.8 13.8 - 6.90 0.902014-2015 - - - - -2015-2016 - - - - -


INTEREST SCHEDULE

In 8 years in 84 Monthly instalment (including 12 monthmoratorium)

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)



2013-2014 27.38 18.36 9.02 18.20 2.372014-2015 9.02 9.02 - 4.51 0.592015-2016 - - - - -

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

( i ) Amount borrowed : 99.00 (Repayable in 66 monthly installments of Rs. 1.50 Lakh each)



2013-2014 57.82 18.00 39.82 48.82 6.352014-2015 39.82 18.00 21.82 30.82 4.012015-2016 21.82 18.00 3.82 12.82 1.672016-2017 3.82 3.82 - 1.91 0.25

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

( i ) Amount borrowed : 18.52 (Repayable in 36 monthly installments)



2013-2014 14.66 7.33 7.33 11.00 1.812014-2015 7.33 7.33 0.00 3.67 0.60

C. WORKING CAPITAL : Interest @ 13.00%

YEAR PRINCIPAL INTEREST

I 200.00 26.00II 200.00 26.00III &Onwards 200.00 26.00

D. TOTAL INTEREST :S. No. PARTICULARS

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 1.422 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 CapitalLoan 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 TL2013-14 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 21.862 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 OUTSTANDINGS2013-14 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 - -

YEAR

(Rs.Lacs)S.N PARTICULARS % OF 2014-15 @ 42%

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

PERIOD


WORKING CAPITAL ASSESSMENT

HOLDING

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 FinancePermissible Bank Finance on Free Trade 204.14Permissible Bank Finance on custom milling 15.10

219.24

(Rs Lacs)PARTICULARS 2014 2015 2016 2017 2018 2019 2020 2021 TOTAL

PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ1 Net Profit 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95 252.342 Depreciation 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64 418.643 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


DEBT SERVICE COVERAGE RATIO

S.N

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

1. Land & development 10.06 10.062. Building & Other Civil Works 214.26 214.263. Plant & Machinery 348.19 348.194. Misc. Fixed Assets 54.37 54.375. Furniture & Fixtures 2.25 2.256. Preoperative Exps. 9.56 6.38 15.93TOTAL : 10.06 223.82 2.25 408.94 645.06I 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

DEPRECIATION AS PER INCOME TAX ACT, 1961


(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

L I A B I L I T I E S :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

T O T A L : 593.61 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.61 1011.25 1038.12


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

A S S E T S

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 11.73Fixed 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 20.99iii. Misc. Advances 2.00 0.00 3.93 9.15 6.00 7.00 16.00 19.20 23.04 27.65 33.18 39.81iv. Cash & Bank Balance 26.22 4.28 15.70 12.50 32.45 36.39 50.06 49.29 85.75 113.96 132.94 141.44v. Preoperative Exps. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00T O T A L : 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 ANN 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

ACT. ACT. ACT. EST. PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJCapacity 40% 42% 45% 45% 45% 45% 45% 45%

1 . SALESa. 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 1,467.00b. 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 3.38f. 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 1,469.76Less : 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


PROFIT AND LOSS ACCOUNT

PARTICULARS ANN 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021ACT. 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 RATIOParticulars 2014 2015 2016 2017 2018 2019 2020 2021

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 1591.00Net Profit 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95 31.54Depreciation 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64 52.33Cash Accruals 74.09 88.39 90.80 88.69 86.04 83.43 80.94 78.59 83.87Interest on Term Loan 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42 13.51TOTAL 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 33.33Interest 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 46.84Gross DSCR 1.19 1.40 1.89 2.63 3.02 3.13 3.26 3.44 2.49Average Gross DSCR 2.08Net DSCR 1.29 1.57 2.28 3.45 3.94 3.82 3.70 3.60 2.96Average Net DSCR 2.52

Average

2.08

2.52

SECURITY MARGIN & ASSET COVERAGE

Particulars 2014 2015 2016 2017 2018 2019 2020 2021WDV of Fixed Assets 582.10 506.75 441.66 385.39 336.71 294.57 258.07 226.42Agg. 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 ANALYSISYear 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 3619.00Capacity 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 1591.00B. Variable CostRaw material, Packing & Conumables 1117.32 1173.19 1269.51 1269.75 1270.00 1270.27 1270.55 1270.85 1238.93Labour wages & salaries 9.26 13.35 14.02 14.72 15.45 16.23 17.04 17.89 14.74Power 80.00 84.00 90.00 90.00 90.00 90.00 90.00 90.00 88.00Other Manufacturing Exp. 2.40 3.00 3.06 3.12 3.18 3.25 3.31 3.38 3.09Selling Expenses 26.40 27.02 28.37 29.79 31.28 32.84 34.48 36.21 30.80Interest on Cash credit 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00Total Variable Cost 1261.38 1326.55 1430.95 1433.38 1435.92 1438.59 1441.39 1444.32 1401.56C. Contribution 180.62 191.45 197.05 194.62 192.08 189.41 186.61 183.68 189.44D. Fixed CostInterest on TL 89.85 82.21 75.83 71.57 68.48 65.64 62.80 59.96 72.04General 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 52.33Total Fixed Cost(D) 170.41 175.57 159.84 147.70 138.01 129.67 122.29 115.74 144.90E. Operating Profit (C-D) 10.21 15.88 37.21 46.92 54.07 59.74 64.32 67.93 44.54Other Income 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24PBT 16.11 18.88 37.21 46.92 54.07 59.74 64.32 67.93 45.65Provision for Tax 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99 14.11PAT 11.13 13.04 25.71 32.42 37.36 41.28 44.45 46.94 31.54BE 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 1210.71BE Sales (Cash) 857.85 794.63 782.78 764.81 757.16 752.37 748.41 745.39 775.43Cash 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 Price1. Sales 1,591.00 1,591.00 1,065.97 1,527.362. Variable Expenses 1,401.56 1,457.62 939.05 1,401.563. Contribution (1 - 2) 189.44 133.38 126.92 125.804. Fixed Expenses 144.90 144.90 144.90 144.905. Operating Profit (3-4) 44.54 -11.53 -17.98 -19.10Impact on DSCRPBT 45.65 -11.53 -17.98 -19.10Less Tax @ 30.9% 14.11 - - -PAT 31.54 -11.53 -17.98 -19.10Add Depreciation 52.33 52.33 52.33 52.33Add Interest on TL 13.51 13.51 13.51 13.51Total 97.38 54.31 47.85 46.73TL Repayment 33.33 33.33 33.33 33.33Interest on TL 13.51 13.51 13.51 13.51Total Repayment 46.84 46.84 46.84 46.84Gross 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 2014Raw material 189.38 161.67 192.34 200.00

Months 5.56 3.89 2.73 2.16FG 32.38 31.36 49.00 53.00

Months 0.80 0.59 0.61 0.50Receivables 26.06 40.07 82.10 59.42

Months 0.52 0.61 0.86 0.49S Creditors 26.10 3.91 29.17 26.12

Months 0.00 0.09 0.43 0.28

WORKING CAPITAL ASSESSMENTb. As per Nayak Committee:

i.Projectedturnover for2013-14

1,299.00

ii.Total WCrequired[25% of (i)]

324.75

iii. Margin [20%of (ii)] 64.95

iv. WCRequired 259.80

v.

MinimumWC limit tobesanctionedby the Bank

200.00

FINANCIAL HIGHLIGHTS

Current year

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

(Inventory / Net Sales + Receivables/ Gross Sales) in days

150 108 104 79

Current Ratio 1.27 2.06 1.67 1.43

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

Last three years audited Data

Financial Parameters

MovingAverage (last 3years)

Projected(Next Year)

TOL/TNW 6.27 3.08Current Ratio 1.67 1.43ROCE % 19.89% 19.33%PBDIT/INTT(times) 1.72 1.68PAT/ Net Sales % 1.01% 0.77%(Inventory/Net Sales) + (Receivable/Gross Sales) 120.67 79.00

Nature of Facility Existing ProposedFund BasedCash Credit (Hypothecation) 300 200Term Loan –I 13.8 13.8Term Loan-II 27.38 27.38Term Loan-II 57.82 57.82Term Loan-IV - 153Total (A) 399 452Non-Fund Based Letter of Credit - - Bank Guarantee Limit 5 45Total (B) 5 45Total Indebtedness (A + B) 404 497

CASH FLOW STATEMENT

2012 2013 2014 2015 2016Cash Flow from Operating ActivityNet Profit 8.09 11.11 11.13 13.04 25.71Depreciation 59.31 54.14 62.96 75.35 65.09

Operating Profit beforeworking capital Changes 67.40 65.25 74.09 88.39 90.80Increase in Receivables 14.01 42.03 (22.68) 22.71 5.83Increase in Inventories (28.73) 48.54 11.75 (26.70) 23.23Increase in Advance to Raw Materials 3.93 5.22 (3.15) 1.00 9.00Increase in Other Current Advance 5.01 5.86 (1.48) (0.57) 14.66Increase 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 60.46Net Cash Flow from Operating Activities 7.21 60.20 136.79 54.04 30.35

Cash Flow from Investing ActivityPurchase 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 ActivityIncrease 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 29.38SURPLUS/DEFICIT 7.49 (8.42) 23.09 2.94 4.67CLOSING BALANCE 11.77 3.35 26.44 29.38 34.05

M/S SONTHALIA RICE MILL

(In Lacs.)

ASSESSMENT OF WORKING CAPITAL REQUIREMENTSFORM II - OPERATING STATEMENT

Name: M/S SONTHALIA RICE MILL

Amounts in Rs. Lacs.

Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections ProjectionsFinancial 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 12 121. 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 1628.00ii. 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 1628.002. Less Excise Duty3. 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 1628.004. % 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 andother items used in the process ofmanufacture) 432.89 408.67 499.14 844.37 1113.00 1168.65 1264.65 1264.65 1264.65 1264.65 1264.65 1264.65a. Importedb. 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 6.20a. Importedb. 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 90.00iv. 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 17.89v. 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 3.38vi. Depreciation 33.59 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64vii. 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 0.00Sub-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 0.00x. 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 1413.76xi. 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 1469.76xii. 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 56.00xiii. 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 60.347. 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 89.93 127.48 130.06 127.08 139.04 144.49 148.55 151.39 153.12 153.909. 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 67.9411. i. Add: Other non-operating Income

a. Sale of Fixed Assetsb. Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00c. 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 0.00d.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 0.00a. Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00b. Interest on Partner's Capital 5.49 10.52c. Remuneration to Partners 1.20 1.20 1.20d.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 6.00expenses [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 67.9413. 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 0.0014. 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 46.9515. a. Equity dividend paid-amount

(Already paid + B.S. provision) 0.00 0.00 0.00b. 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 46.9517. 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




No.of months 12 12 12 12 12 12 12 12 12 12 12 12CURRENT LIABILITIES

1. Short-term borrowing from banks (includingbills purchased, discounted & excessborrowing placed on repayment basis)i. State Bank of India 0.00 0.00 0.00 0.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00ii. Others 191.25 185.72 138.03 200.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00iii. (of which BP & BD)

Sub-total [i + ii] (A) 191.25 185.72 138.03 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.002. Short term borrowings from others3. 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 3.464. Advance payments from customers /

deposits from dealers5. 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 20.996. Dividend payable7. 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 14.078. 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 0.009. 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 0.00a. Other Outstanding Liabilities payableb. Other Liabilitiesc.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 LIABILITIES11. 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 0.0014. Deferred Payment Credits (excluding

instalments due within 1 year)15. Term deposits (repayable after 1 year)16. Other term liabilities 124.44 221.18 346.02 311.13 311.13 311.13 311.13 311.13 311.13 311.13 311.13 311.1317. Total Term Liabilities [11 to 16] 258.91 398.50 451.22 367.30 464.09 424.24 398.56 376.70 354.84 332.99 311.13 311.1318. 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 WORTH19. Ordinary Share Capital 75.88 75.23 80.71 124.14 204.47 204.47 204.47 204.47 204.47 204.47 204.47 204.4720. General Reserve21. Revaluation Reserve22. 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 81.53 113.95 151.31 192.60 237.04 283.9923. a. Share Application money

b. Share Premium Accountc. Deferred Tax Liability A/cd. Otherse.

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




No.of months 12 12 12 12 12 12 12 12 12 12 12 12CURRENT ASSETS

26. Cash and Bank Balances 26.22 4.28 15.70 12.50 32.45 36.39 50.06 49.29 85.75 113.96 132.94 141.4427. 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 11.73ii. 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 anddiscounted 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. billspurchased/discounted by banks)

29. Instalments of deferred receivables(due within 1 year)

30. Inventory: 151.89 221.76 193.03 241.57 253.32 226.62 249.85 249.86 249.87 249.88 249.90 249.91i. Raw materials (including stores and

other items used in the process ofmanufacture) 124.35 189.38 161.67 192.34 200.00 170.43 193.65 193.65 193.65 193.65 193.65 193.65a. Importedb. 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 0.00iii. Finished goods 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00 56.00iv. 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. Importedb. 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 materialsand 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 20.9933. 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 ASSETS35. Gross Block (land, building, machinery,

work-in-progress) 408.59 571.39 599.06 603.29 836.62 836.62 836.62 836.62 836.62 836.62 836.62 836.6236. Depreciation to date 33.59 78.11 137.42 191.56 254.52 329.87 394.96 451.24 499.91 542.05 578.55 610.2037. 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 ASSETS38. 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 0.00i. a. Investments in subsidiary

companies / affiliatesb. Others 0.00 0.00

ii. Advances to suppliers of capital goodsand contractors 0.00 0.00

iii. Deferred receivables (maturityexceeding 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 0.00a. Security Depositb. Sales Tax under Appealc. Tax Deducted at Sourced. Others

39. Non-consumable stores and spares40. Other non-current assets including

dues from directors41. 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 notprovided 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 1038.1244. Tangible Net Worth (24 - 42) 82.06 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.4645. 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 3.4047. 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 1.1348. 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 REVALUATIONRESERVES

49. TANGIBLE NET WORTH (24-21-42) 82.06 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.4650. 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 1.1351. 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 INFORMATIONA. Arrears of depreciationB. Contingent Liabilities:

i. Arrears of cumulative dividendsii. Gratuity liability not provided foriii. Disputed excise / customs /

tax liabilitiesiv. Other liabilities not provided for

FORM IV COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES



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

A. CURRENT ASSETS1. 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 Consumptionb. 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 abovea. 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 Consumptionb. 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 production4. 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 87.96 149.08 173.53 202.87 238.08 280.33Month'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 0.00Month'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 & bankbalances & deferred receivables duewithin 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 85.75 113.96 132.94 141.44Investments (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 79.21i. 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 11.73ii. 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 67.48Instalments 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 0.00Advance 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 20.99Other 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



Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections ProjectionsYear 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 3.46Month'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 0.0012. Statutory liabilities 4.36 4.88 8.00 16.02 10.00 10.50 11.03 11.58 12.16 12.76 13.40 14.0713. 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 0.00Provision for taxation 2.76 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99Dividend payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Deposits / 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 0.00Other 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


Amounts in Rs. Lacs.Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Total Current Assets 277.92 316.50 419.01 426.55 437.18 494.57 561.14 628.11 692.03 753.18 811.70Current Liabilities (Other than BankBorrowing) 99.30 87.64 107.65 97.30 59.39 51.66 51.40 54.18 56.54 58.60 38.53Working Capital Gap 178.62 228.86 311.36 329.25 377.79 442.91 509.74 573.93 635.49 694.58 773.17Net Working Capital (Actual /Prjojected) -7.10 90.83 111.36 129.25 177.79 242.91 309.74 373.93 435.49 494.58 573.17Assessed Bank Finance (ABF) 185.72 138.03 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00NWC/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 56.03Rec./ Gross Sales (Days) 15.82 18.58 26.27 15.04 19.75 19.72 33.42 38.91 45.48 53.38 62.85S. 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

ASSESSED BANK FINANCE

FORM VIFUNDS FLOW STATEMENT



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

1. SOURCESa. Net Profit 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95b. Depreciation 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64c. Increase in Capital -0.65 5.48 43.43 80.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00d. 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 0.00e. Decrease in

i. Fixed Assetsii. 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 0.00g. TOTAL 189.73 125.60 108.68 251.21 88.39 90.80 88.69 86.04 83.43 80.94 78.59

2. USESa. Net lossb. 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 0.00c. 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 0.00ii. 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 0.00e. Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00f. 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 78.594. 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 58.525. 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 -20.076. 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 78.597. 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 0.008. 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 0.009. 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-4i. 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 0.00ii. 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 0.00iii. 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 0.00iv. 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 42.25b) 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 0.01vi. 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 MILLAmounts in Rs. Lacs.

As on 31st March: 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021Net sales 618.40 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00Operating Profit 55.89 53.67 89.93 127.48 130.06 127.08 139.04 144.49 148.55 151.39 153.12 153.90Net Other Income -5.99 -0.52 -9.94 1.87 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00Profit Before Tax 8.94 9.10 11.71 16.08 16.11 18.87 37.21 46.92 54.07 59.75 64.32 67.94PBT/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 46.95Cash Accruals 39.77 50.79 67.40 65.25 74.09 88.39 90.80 88.69 86.04 83.43 80.94 78.59Paid Up Capital 75.88 75.23 80.71 124.14 204.47 204.47 204.47 204.47 204.47 204.47 204.47 204.47Tangible Net Worth 82.06 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.46Adj TNW (Excl. Invest/Loans in Subsidiaries) 82.06 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.46TOL/TNW 6.23 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13Total 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 0.64Current Ratio 0.87 0.98 1.40 1.36 1.43 1.69 1.97 2.23 2.47 2.70 2.91 3.40Total 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 2021Net 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 1.57PBT/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 2021Current Ratio 0.87 0.98 1.40 1.36 1.43 1.69 1.97 2.23 2.47 2.70 2.91 3.40Acid Test Ratio 0.26 0.20 0.55 0.58 0.58 0.81 0.97 1.24 1.49 1.72 1.95 2.36Bank 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 2021Debt : Equity Ratio 3.16 4.54 4.46 2.36 1.88 1.63 1.39 1.18 1.00 0.84 0.70 0.64TOL/TNW 6.23 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13Debt : 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 1.37Interest 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 2021Inventory Turnover Period (DAYS) 90 135 90 77 64 54 56 56 56 56 56 56Average Collection Period (DAYS) 13 16 19 26 15 20 20 33 39 45 53 63Total 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 1Bank Finance Turnover 3.23 3.24 5.70 5.70 7.21 7.59 8.14 8.14 8.14 8.14 8.14 8.14Current 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 2021Net 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 2021Retained 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


Amounts in Rs. Lacs2011 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 0.003. Net Sales (1 - 2) 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.004. Depreciation 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.645. Operating Profit (before Interest) 53.67 89.93 127.48 130.06 127.08 139.04 144.49 148.55 151.39 153.12 153.906. Interest 44.05 68.28 113.27 115.85 108.21 101.83 97.57 94.48 91.64 88.80 85.967. PBT 9.10 11.71 16.08 16.11 18.87 37.21 46.92 54.07 59.75 64.32 67.948. Tax 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.999. PAT 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.9510. PBDIT (4+6+7) 97.67 139.30 183.49 194.92 202.43 204.14 200.76 197.23 193.53 189.62 185.5411. Paid Up Capital (PUC) 75.23 80.71 124.14 204.47 204.47 204.47 204.47 204.47 204.47 204.47 204.4712. Total Outside Liabilities (TOL) 683.52 676.89 674.95 761.39 683.63 650.22 628.10 609.02 589.53 569.73 549.6613. Tangible Net Worth (TNW) 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.4614. Adjusted TNW 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.4615. Total Assets 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.60 1011.25 1038.1216.. Intangible Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0017. TTA (15-16) 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.60 1011.25 1038.1218. PBDIT/INT (10/6) 2.22 2.04 1.62 1.68 1.87 2.00 2.06 2.09 2.11 2.14 2.1619. 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 11924. Current Ratio 0.98 1.40 1.36 1.43 1.69 1.97 2.23 2.47 2.70 2.91 3.4025. TOL/TNW 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.1326. TOL/TNW (Adjusted) 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.1327. Cash Accrual 50.79 67.40 65.25 74.09 88.39 90.81 88.69 86.04 83.43 80.95 78.59

2012 2013 2014 2015 2016 2017 2018 2019 2020 20211. Long Term Sources 132.22 108.68 193.72 88.39 90.80 88.69 86.04 83.43 80.94 0.002. Long Term Uses 27.67 102.77 233.33 39.85 25.68 21.86 21.86 21.85 21.86 0.003. Surplus/Deficit 104.55 5.91 -39.61 48.54 65.12 66.83 64.18 61.58 59.08 0.00

FUNDS FLOW ANALYSIS

CHECKName: M/S SONTHALIA RICE MILL

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

1. Closing Stock in Processof Operating Stament tallies Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yeswith 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 Yeswith 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 inOperating Statement tallies Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No Yeswith 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 Yesequal 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 1038.12b. Total Liabilities 593.61 771.20 778.14 830.74 1008.64 943.92 936.22 946.52 964.80 986.60 1011.24 1038.12c. Difference - - - - 0.01 0.01 0.01 0.01 0.02 - 0.01 -

DATA ANALYSIS

Name: M/S SONTHALIA RICE MILLOPERATING STATEMENT


Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

12 12 12 12 12 12 12 12 12 12 12Excise 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 ofmanufacture) 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 andother items used in the process ofmanufacture) 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 Exportsiv. 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 Materialsvii. 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 Sparesx. 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 othersiii. 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 customersv. 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 payablevii. 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 receivablesv. 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-processviii. 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 assetsxiii. 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 Assetsxvii. 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 1.136 (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%

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