Documentos de Académico
Documentos de Profesional
Documentos de Cultura
For
RICE MILL
OF
Administrative Office
Plot No-1554b, Sector-6, Cda, Cuttack - 753014, Odisha
Works
At/Po - Paribasudeipur, Balianta, Dist: Khurda, Odisha
M/S SONTHALIA RICE MILL
PROJECT PROFILE
SL. PARTICULARS: REMARKS:
1 I) Name of the unit : M/S.SONTHALIA RICE MILL
ii) Location
a. Administrative Office : PLOT NO-1554B, SECTOR-6, CDA,
CUTTACK - 753014, ODISHA
6 Capacity
i) Installed Capacity : 43,200 M. T. per year (9T/HR.)
ii) Utilised Capacity : I YEAR II YEAR III YEAR
40% 42% 45%
iii) No. of Days : 300 Days
iv) No. of Shifts : 2 Sifts
7 Employment : 50
MEANS OF FINANCE
(Rs. Lacs)
S.N PARTICULARS AMOUNT
1 LAND :
Land Including Development Existing
2 CIVIL CONSTRUCTION :
1 Godown
Civil Works 17,000.00 765.00 130.00
Godown with complete with brick work & GCI
roofing sheet over iron truss & cement
flooring
TOTAL 130.40
Or Say 130.40
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA
1 Parboiling Section 1
2 Dryer 1
-
Or Say 87.00
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA
TOTAL : 0.00
ANNEXURE - 3
SALARY & WAGES
S No. PARTICULARS No. of Post RATE/ AMOUNT ( Rs.)
MONTH PER MONTH PER ANNUM
1st Year :
I. ADMINISTRATIVE WING :
1 Accountant cum Manager 1 15000 15000 1.80
2 Taxation Manager 1 15000 15000 1.80
3 Accounts & Office Assts. 2 6500 13000 1.56
4 Sales Manager 2 15000 30000 3.60
5 Store Keeper 2 8000 16000 1.92
6 Assistants 4 5000 20000 2.40
7 Peon 2 3500 7000 0.84
8 Watch Man 6 4500 27000 3.24
20
Sub Total 143000 17.16
Add: Benefit 25% 35750 4.29
Grand Total 178750 21.45
(Amount in Lacs)
* Paddy requirement for free sale will be 50% of capacity utilization as another 50% of capacity
will be for custom milling
13-14
At Installed Capacity
Sl
Particulars 40%
No.
Qnty. Qnty.
Rate Value Value
(MT) (MT)
A RICE :
Less : Sales to FCI - 50% ( being cost of gunny bags reimbursed ) 340
B RICE BRAN :
C BROKEN RICE :
So, for 100 MT of paddy consumption total gunny bags required 430
SALES REALISATION
1 RICE 20,450 14688 3,004.00 5875 1,201.00 6169 1,262.00 6610 1,352.00
2 BROKEN RICE (Net of VAT) 10,500 432 45.00 172 18.00 182 20.00 194 20.00
3 BRAN (Net of VAT) 13,500 3456 467.00 1382 186.00 1452 196.00 1556 210.00
4 GUNNY POCKET (Nos.) - 185760 - 74304 - 78019 - 83592 -
5 CUSTOM MILLING CHARGES 700 14688 103.00 5875 41.00 6169 43.00 6610 46.00
3,619 1,446.00 1,521.00 1,628.00
* As per the current market condition it is proposed to use 50% of total capacity for free trade & rest for custom milling
1 SALE RICE 20,450 14688 3,004.00 5875 1,201.00 6169 1,262.00 6610 1,352.00
2 BROKEN RICE (Net of VAT) 10,500 216 23.00 86 9.00 91 10.00 97 10.00
3 BRAN (Net of VAT) 13,500 1728 233.00 691 93.00 726 98.00 778 105.00
4 GUNNY POCKET (Nos.) - 185760 - 74304 - 78019 - 83592 -
TOTAL 3,260.00 1,303.00 1,370.00 1,467.00
1 CUSTOM MILLING CHARGES 700 14688 103.00 5875 41.00 6169 43.00 6610 46.00
2 BROKEN RICE (Net of VAT) 10,500 216 23.00 86 9.00 91 10.00 97 10.00
3 BRAN (Net of VAT) 13,500 1728 233.00 691 93.00 726 98.00 778 105.00
359.00 143.00 151.00 161.00
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA
Insurance : -
Sl No. Particulars Amount Rate 2014-15
ANNEXURE - 4
POWER & FUEL
Electrical power is required by this unit for running of machineries. The same will be purchased from
CESCO for which they will charge as per their tariff. Various connected load is given below with the
detail calculation.
Energy Requirement
S. N. PARTICULARS Nos. H. P. Required Total H.P.
Required
1 Rice Miling plant complete 2 no. 30 HP 60
2 Paddy Cleaning plant 1 no. 15HP 15
3 Rice Cleaner 2 no 7.5 hp 15
4 Paddy separator & elevator 2 no. 5 HP 10
5 Others L.S 40 HP 40
TOTAL 140
2 Actual charges
i. Unit charges
(Unit consumed x Rs.5.90) 229392 137635 160574 183514
3 Minimum units
i. Minimum units
(56 units x 150 Kw) 8400 8400 8400 8400
4 Selection
(Between 2 & 3 W.e.is higher) 229392 137635 160574 183514
TOTAL : 45.03
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA
INTEREST SCHEDULE
I 200.00 26.00
II 200.00 26.00
III &
Onwards 200.00 26.00
D. TOTAL INTEREST :
S. No. PARTICULARS YEAR
2013-14 2014-15 2015-16 16-17 2017-18 18-19 19-20 20-21
1 Term Loan (IV) 19.89 18.47 15.63 12.79 9.95 7.10 4.26 1.42
2 Term Loan (I) 0.90 - - - - - - -
3 Term Loan (II) 2.37 0.59 - - - - - -
4 Term Loan (III) 6.35 4.01 1.67 0.25 - - - -
5 Vehicle Loan 1.81 0.60 - - - - - -
Total 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42
2 Working Capital
Loan 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00
E. TOTAL INSTALMENT OF TL
2013-14 2014-15 2015-16 16-17 2017-18 18-19 19-20 20-21
1 Term Loan (IV) - 21.86 21.86 21.86 21.86 21.86 21.86 21.86
2 Term Loan (I) 13.80 - - - - - -
3 Term Loan (II) 18.36 9.02 - - - - -
4 Term Loan (III) 18.00 18.00 18.00 3.82 - - -
5 Vehicle Loan 7.33 7.33 - - - - -
57.49 56.21 39.86 25.68 21.86 21.86 21.86 21.86
(Rs Lacs)
S. PARTICULARS 2014 2015 2016 2017 2018 2019 2020 2021 TOTAL
N PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ
1 Net Profit 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95 252.34
2 Depreciation 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64 418.64
3 Cash Accrual 74.09 88.39 90.80 88.69 86.04 83.43 80.94 78.59 670.98
4 Interest on Term Loan 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42 108.04
5 Total ( 3 + 4 ) 105.40 112.06 108.10 101.73 95.98 90.53 85.21 80.02 779.02
6 Interest on Cash credit 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 208.00
7 Total ( 5 + 6 ) 131.40 138.06 134.10 127.73 121.98 116.53 111.21 106.02 987.02
8 Instalment Payable 57.49 56.21 39.86 25.68 21.86 21.86 21.86 21.86 266.66
9 Interest on Term Loan 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42 108.04
10 Total ( 8 + 9 ) 88.80 79.87 57.15 38.71 31.80 28.96 26.12 23.28 374.70
11 Interest on Cash credit 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 208.00
12 Total ( 10 +11 ) 114.80 105.87 83.15 64.71 57.80 54.96 52.12 49.28 582.70
A NET DSCR ( 3 / 8 ) 1.29 1.57 2.28 3.45 3.94 3.82 3.70 3.60 2.52
B GROSS DSCR ( 5 / 10) 1.19 1.40 1.89 2.63 3.02 3.13 3.26 3.44 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
ANNEXURE - 6 (Rs.Lacs)
PARTICULARS 0% 10% 10% 15% TOTAL
II ND YEAR (2014-15)
OP.W. D. V. 10.06 207.03 2.08 362.93 582.10
Depriciation : 0.00 20.70 0.21 54.44 75.35
III RD YEAR
OP.W. D. V. 10.06 186.33 1.87 308.49 506.75
Depriciation : 0.00 18.63 0.19 46.27 65.09
IV TH YEAR
OP.W. D. V. 10.06 167.69 1.69 262.22 441.66
Depriciation : 0.00 16.77 0.17 39.33 56.27
V TH YEAR
OP.W. D. V. 10.06 150.93 1.52 222.88 385.39
Depriciation : 0.00 15.09 0.15 33.43 48.68
VI TH YEAR
OP.W. D. V. 10.06 135.83 1.37 189.45 336.71
Depriciation : 0.00 13.58 0.14 28.42 42.14
VII TH YEAR
OP.W. D. V. 10.06 122.25 1.23 161.03 294.57
Depriciation : 0.00 12.22 0.12 24.16 36.50
VIII TH YEAR
OP.W. D. V. 10.06 110.02 1.11 136.88 258.07
Depriciation : 0.00 11.00 0.11 20.53 31.64
IX TH YEAR
OP.W. D. V. 10.06 99.02 1.00 116.35 226.42
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA
BALANCE SHEET
(Rs.Lacs)
PARTICULARS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
ACT. ACT. ACT. EST. PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ
LIABILITI ES:
CAPITAL 75.88 75.23 80.71 124.14 204.47 204.47 204.47 204.47 204.47 204.47 204.47 204.47
GENERAL RESERVE 6.18 12.45 20.54 31.65 42.78 55.83 81.54 113.96 151.32 192.60 237.05 283.99
SECURED LOANS :
I. Term Loan
1) TL-I (BOI) 95.60 68.33 43.32 13.80 - - - - - - - -
2) TL-II (BOI) 82.39 64.06 47.84 27.38 9.02 - - - - - - -
3) TL-III (BOI) - 91.90 73.90 57.82 39.82 21.82 3.82 - - - - -
3) TL-IV (SBI) - - - - 153.00 131.14 109.29 87.43 65.57 43.71 21.86 -
4) Vehicle Loan 10.68 18.52 12.25 14.66 7.33 - - - - - - -
UNSECURED LOAN 124.44 221.18 346.02 311.13 311.13 311.13 311.13 311.13 311.13 311.13 311.13 311.13
CURRENT LIABILITIES
a. Sundry Creditors 0.07 26.10 3.91 29.17 26.12 3.20 3.46 3.46 3.46 3.46 3.46 3.46
b. Provision for Taxation 2.76 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99
c. Other Statutory Liabilities 4.36 4.88 8.00 16.02 10.00 10.50 11.03 11.58 12.16 12.76 13.40 14.07
TOTAL: 593.61 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.61 1011.25 1038.12
(Rs.Lacs)
PARTICULARS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
ACT. ACT. ACT. EST. PROJ PROJ PROJ PROJ PROJ PROJ PROJ PROJ
ASSETS
FIXED ASSETS
Gross Block 408.59 571.39 599.06 603.29 836.62 836.62 836.62 836.62 836.62 836.62 836.62 836.62
Less: Depreciation to date 33.59 78.11 137.42 191.56 254.52 329.87 394.96 451.24 499.91 542.05 578.55 610.20
Net Block 375.00 493.28 461.64 411.73 582.10 506.75 441.66 385.39 336.71 294.57 258.07 226.42
Security Deposit 11.25 9.01 7.69 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73
Fixed Deposit with Bank 1.27 12.8 50.99 56.23 56.23 67.48 67.48 67.48 67.48 67.48 67.48 67.48
CURRENT ASSETS :
i. Inventories :
a. Raw materials 124.35 189.38 161.67 192.34 200.00 170.43 193.65 193.65 193.65 193.65 193.65 193.65
b. Finished Goods 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00 56.00
c. Consumables 0.00 0.00 0.00 0.23 0.32 0.19 0.20 0.21 0.22 0.23 0.25 0.26
151.89 221.76 193.03 241.57 253.32 226.62 249.85 249.86 249.87 249.88 249.90 249.91
ii. Advance payment of taxes 4.17 4.01 5.09 5.73 7.40 5.83 11.50 14.50 16.71 18.46 19.88 20.99
iii. Misc. Advances 2.00 0.00 3.93 9.15 6.00 7.00 16.00 19.20 23.04 27.65 33.18 39.81
iv. Cash & Bank Balance 26.22 4.28 15.70 12.50 32.45 36.39 50.06 49.29 85.75 113.96 132.94 141.44
v. Preoperative Exps. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL: 593.61 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.61 1011.25 1038.12
SONTHALIA RICE MILL
AT/PO - PARIBASUDEIPUR, BALIANTA, DIST: KHURDA
1 . SALES
a. Sale (Free Trade) 1 557.43 522.10 683.56 1,042.59 1,299.00 1,367.00 1,467.00 1,467.00 1,467.00 1,467.00 1,467.00 1,467.00
b. Cutom Milling Charges 60.97 79.31 103.53 98.23 143.00 151.00 161.00 161.00 161.00 161.00 161.00 161.00
Net Sales Realisation 618.40 601.41 787.09 1,140.83 1,442.00 1,518.00 1,628.00 1,628.00 1,628.00 1,628.00 1,628.00 1628.00
2 . COST OF SALES :
a. Raw materials & packing material 2 432.89 408.67 499.14 844.37 1,113.00 1,168.65 1,264.65 1,264.65 1,264.65 1,264.65 1,264.65 1,264.65
b. Labour wages & salaries 3 10.64 6.30 6.24 8.20 9.26 13.35 14.02 14.72 15.45 16.23 17.04 17.89
c. Consumables 2 1.21 2.13 0.90 2.80 4.32 4.54 4.86 5.10 5.36 5.63 5.91 6.20
d. Power and fuel 4 29.81 28.98 65.11 76.00 80.00 84.00 90.00 90.00 90.00 90.00 90.00 90.00
e. Repairs & maintenance & insurance 5 0.59 1.34 1.51 2.00 2.40 3.00 3.06 3.12 3.18 3.25 3.31 3.38
f. Depreciation 6 33.59 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64
COST OF PRODUCTION 508.73 491.94 632.21 987.51 1,271.94 1,348.89 1,441.68 1,433.86 1,427.32 1,421.88 1,417.41 1,413.76
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
9. NON-OPERATING EXPENSES - - - - - - - - - - - -
Pre-operative Expenses written off
10. PROFIT BEFORE TAX. 8.94 9.10 11.71 16.08 16.11 18.88 37.21 46.92 54.07 59.74 64.32 67.93
PBT Ratio 1.45% 1.51% 1.49% 1.41% 1.12% 1.24% 2.29% 2.88% 3.32% 3.67% 3.95% 4.17%
11. Provision for taxation 2.76 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99
12. Net profit 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.28 44.45 46.94
13.Dividend/ Drawings - - - - - - - - - - - -
14. Retained Profit 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.28 44.45 46.94
15. Cash Accrual 39.77 50.79 67.40 65.25 74.09 88.40 90.80 88.69 86.04 83.42 80.95 78.59
DEBT SERVICE COVERAGE RATIO
Particulars 2014 2015 2016 2017 2018 2019 2020 2021
Average
Capacity Utilization 40% 42% 45% 45% 45% 45% 45% 45%
Sales 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00 1591.00
Net Profit 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95 31.54
Depreciation 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64 52.33
Cash Accruals 74.09 88.39 90.80 88.69 86.04 83.43 80.94 78.59 83.87
Interest on Term Loan 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42 13.51
TOTAL 105.40 112.06 108.10 101.73 95.98 90.53 85.21 80.02 97.38
TL / DPG Repayments 57.49 56.21 39.86 25.68 21.86 21.86 21.86 21.86 33.33
Interest on Term Loan 31.31 23.67 17.29 13.03 9.95 7.10 4.26 1.42 13.51
TOTAL 88.80 79.87 57.15 38.71 31.80 28.96 26.12 23.28 46.84
Gross DSCR 1.19 1.40 1.89 2.63 3.02 3.13 3.26 3.44 2.49
Average Gross DSCR 2.08 2.08
Net DSCR 1.29 1.57 2.28 3.45 3.94 3.82 3.70 3.60 2.96
Average Net DSCR 2.52 2.52
SECURITY MARGIN & ASSET COVERAGE
Particulars 2014 2015 2016 2017 2018 2019 2020 2021
WDV of Fixed Assets 582.10 506.75 441.66 385.39 336.71 294.57 258.07 226.42
Agg. TL / DPG outstanding 209.17 152.96 113.11 87.43 65.57 43.71 21.86 -
Security margin available 372.93 353.79 328.55 297.96 271.14 250.86 236.21 226.42
% of Margin 64.07% 69.81% 74.39% 77.31% 80.53% 85.16% 91.53% 100.00%
Average Security Margin 80.35%
BREAK EVEN ANALYSIS
Year Ending 2014 2015 2016 2017 2018 2019 2020 2021 Average
Capacity Sales 3619.00 3619.00 3619.00 3619.00 3619.00 3619.00 3619.00 3619.00
Capacity Utilization 40% 42% 45% 45% 45% 45% 45% 45%
A. Sales/Income (Adjusted) 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00 1591.00
B. Variable Cost
Raw material, Packing & Conumables 1117.32 1173.19 1269.51 1269.75 1270.00 1270.27 1270.55 1270.85 1238.93
Labour wages & salaries 9.26 13.35 14.02 14.72 15.45 16.23 17.04 17.89 14.74
Power 80.00 84.00 90.00 90.00 90.00 90.00 90.00 90.00 88.00
Other Manufacturing Exp. 2.40 3.00 3.06 3.12 3.18 3.25 3.31 3.38 3.09
Selling Expenses 26.40 27.02 28.37 29.79 31.28 32.84 34.48 36.21 30.80
Interest on Cash credit 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00
Total Variable Cost 1261.38 1326.55 1430.95 1433.38 1435.92 1438.59 1441.39 1444.32 1401.56
C. Contribution 180.62 191.45 197.05 194.62 192.08 189.41 186.61 183.68 189.44
D. Fixed Cost
Interest on TL 89.85 82.21 75.83 71.57 68.48 65.64 62.80 59.96 72.04
General Admin Cost 17.60 18.01 18.91 19.86 20.85 21.89 22.99 24.14 20.53
Depreciation 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64 52.33
Total Fixed Cost(D) 170.41 175.57 159.84 147.70 138.01 129.67 122.29 115.74 144.90
E. Operating Profit (C-D) 10.21 15.88 37.21 46.92 54.07 59.74 64.32 67.93 44.54
Other Income 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24
PBT 16.11 18.88 37.21 46.92 54.07 59.74 64.32 67.93 45.65
Provision for Tax 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99 14.11
PAT 11.13 13.04 25.71 32.42 37.36 41.28 44.45 46.94 31.54
BE Sales 1,360.51 1,392.10 1,320.59 1,235.50 1,169.73 1,114.54 1,066.86 1,025.87 1210.71
BE Sales (Cash) 857.85 794.63 782.78 764.81 757.16 752.37 748.41 745.39 775.43
Cash BE% 59% 52% 48% 47% 47% 46% 46% 46% 49%
BEP at Utilised Capacity 94% 92% 81% 76% 72% 68% 66% 63% 76%
BEP at Installed Capacity 38% 38% 36% 34% 32% 31% 29% 28% 33%
Sensitivity Analysis :
Variation Factor 4.00% 33.00% 4.00%
Average VC Sale Volume Sale Price
1. Sales 1,591.00 1,591.00 1,065.97 1,527.36
2. Variable Expenses 1,401.56 1,457.62 939.05 1,401.56
3. Contribution (1 - 2) 189.44 133.38 126.92 125.80
4. Fixed Expenses 144.90 144.90 144.90 144.90
5. Operating Profit (3-4) 44.54 -11.53 -17.98 -19.10
Impact on DSCR
PBT 45.65 -11.53 -17.98 -19.10
Less Tax @ 30.9% 14.11 - - -
PAT 31.54 -11.53 -17.98 -19.10
Add Depreciation 52.33 52.33 52.33 52.33
Add Interest on TL 13.51 13.51 13.51 13.51
Total 97.38 54.31 47.85 46.73
TL Repayment 33.33 33.33 33.33 33.33
Interest on TL 13.51 13.51 13.51 13.51
Total Repayment 46.84 46.84 46.84 46.84
Gross DSCR 2.08 1.16 1.02 1.00
The Unit can sustain the following in case of any adverse situation -
1) Variable cost increased by 4%
2) Sales Volume Decrease by 34%
3) Sales Price Decrease by 4%
a. Inventory & receivable levels : (Months/Days):
Inventory Actuals Actuals Estimated Projected
Year 2011 2012 2013 2014
Raw material 189.38 161.67 192.34 200.00
Months 5.56 3.89 2.73 2.16
FG 32.38 31.36 49.00 53.00
Months 0.80 0.59 0.61 0.50
Receivables 26.06 40.07 82.10 59.42
Months 0.52 0.61 0.86 0.49
S Creditors 26.10 3.91 29.17 26.12
Months 0.00 0.09 0.43 0.28
Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Financial Year ended / ending 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
No.of months 12 12 12 12 12 12 12 12 12 12 12 12
1. Gross Sales
i. Domestic Sales 618.40 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00
ii. Export Sales
Total 618.40 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00
2. Less Excise Duty
3. Net Sales (1 - 2) 618.40 601.41 787.09 1140.83 1442.00 1518.00 1628.00 1628.00 1628.00 1628.00 1628.00 1628.00
4. % age rise (+) or fall (-) in net sales
as compared to previous year (annualised ) 30.87% 44.94% 26.40% 5.27% 7.25% 0.00% 0.00% 0.00% 0.00% 0.00%
5. Cost of Sales
i. Raw materials (including stores and
other items used in the process of
manufacture) 432.89 408.67 499.14 844.37 1113.00 1168.65 1264.65 1264.65 1264.65 1264.65 1264.65 1264.65
a. Imported
b. Indigenous 432.89 408.67 499.14 844.37 1113.00 1168.65 1264.65 1264.65 1264.65 1264.65 1264.65 1264.65
ii. Other Spares 1.21 2.13 0.90 2.80 4.32 4.54 4.86 5.10 5.36 5.63 5.91 6.20
a. Imported
b. Indigenous 1.21 2.13 0.90 2.80 4.32 4.54 4.86 5.10 5.36 5.63 5.91 6.20
iii. Power and Fuel 29.81 28.98 65.11 76.00 80.00 84.00 90.00 90.00 90.00 90.00 90.00 90.00
iv. Direct Labour (Factory wages & salaries) 10.64 6.30 6.24 8.20 9.26 13.35 14.02 14.72 15.45 16.23 17.04 17.89
v. Other manufacturing expenses 0.59 1.34 1.51 2.00 2.40 3.00 3.06 3.12 3.18 3.25 3.31 3.38
vi. Depreciation 33.59 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64
vii. Sub-total (i to vi) 508.73 491.94 632.21 987.51 1271.94 1348.89 1441.68 1433.86 1427.32 1421.88 1417.41 1413.76
viii. Add: Opening Stock-in-process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sub-total (vii + viii) 508.73 491.94 632.21 987.51 1271.94 1348.89 1441.68 1433.86 1427.32 1421.88 1417.41 1413.76
ix. Deduct: Closing Stock-in-process 0.00
x. Cost of Production 508.73 491.94 632.21 987.51 1271.94 1348.89 1441.68 1433.86 1427.32 1421.88 1417.41 1413.76
xi. Add: Opening Stock of finished goods 29.16 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00
Sub-total (x + xi) 537.89 519.48 664.59 1018.87 1320.94 1401.89 1497.68 1489.86 1483.32 1477.88 1473.41 1469.76
xii. Deduct: Closing Stock of finished goods 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00 56.00
xiii. Sub-total (Total Cost of Sales) 510.35 487.10 633.23 969.87 1267.94 1345.89 1441.68 1433.86 1427.32 1421.88 1417.41 1413.76
6. Selling, general and administrative expenses 52.16 60.64 63.93 43.48 44.00 45.03 47.28 49.65 52.13 54.73 57.47 60.34
7. Sub-total (5 + 6) 562.51 547.74 697.16 1013.35 1311.94 1390.92 1488.96 1483.51 1479.45 1476.61 1474.88 1474.10
8. Operating Profit before Interest (3 - 7) 55.89 53.67 89.93 127.48 130.06 127.08 139.04 144.49 148.55 151.39 153.12 153.90
9. Interest 40.96 44.05 68.28 113.27 115.85 108.21 101.83 97.57 94.48 91.64 88.80 85.96
10. Operating Profit after Interest (8 - 9) 14.93 9.62 21.65 14.21 14.21 18.87 37.21 46.92 54.07 59.75 64.32 67.94
11. i. Add: Other non-operating Income
a. Sale of Fixed Assets
b. Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c. Interest on FDR 0.70 0.68 1.78 1.87 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d.
Sub-total (Income) 0.70 0.68 1.78 1.87 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii. Deduct: Other non-operating expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a. Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b. Interest on Partner's Capital 5.49 10.52
c. Remuneration to Partners 1.20 1.20 1.20
d.
Sub-total (Expenses) 6.69 1.20 11.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
iii. Net of other non-operating income / 6.00 6.00
expenses [net of 11(i) & 11(ii)] -5.99 -0.52 -9.94 1.87 1.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12. Profit before tax/loss [10 + 11(iii)] 8.94 9.10 11.71 16.08 16.11 18.87 37.21 46.92 54.07 59.75 64.32 67.94
13. a) Provision for taxes 2.76 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99
b) Deferred for Tax Liability(-) Assets(+) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14. Net Profit / Loss (12 -13) 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95
15. a. Equity dividend paid-amount
(Already paid + B.S. provision) 0.00 0.00 0.00
b. Dividend Rate (% age) 0.0% 0.0% 0.0% 0.0% 0.0%
c. Other Appropriations
16. Retained Profit (14 - 15) 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95
17. Retained Profit / Net Profit (% age) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
CASH ACCRUAL 39.77 50.79 67.40 65.25 74.09 88.39 90.80 88.69 86.04 83.43 80.94 78.59
FORM III - ANALYSIS OF BALANCE SHEET
LIABILITIES
Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Financial Year ended / ending 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
No.of months 12 12 12 12 12 12 12 12 12 12 12 12
CURRENT LIABILITIES
1. Short-term borrowing from banks (including
bills purchased, discounted & excess
borrowing placed on repayment basis)
i. State Bank of India 0.00 0.00 0.00 0.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00
ii. Others 191.25 185.72 138.03 200.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
iii. (of which BP & BD)
Sub-total [i + ii] (A) 191.25 185.72 138.03 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00
2. Short term borrowings from others
3. Sundry Creditors (Trade) 0.07 26.10 3.91 29.17 26.12 3.20 3.46 3.46 3.46 3.46 3.46 3.46
4. Advance payments from customers /
deposits from dealers
5. Provision for taxation 2.76 2.83 3.62 4.97 4.98 5.83 11.50 14.50 16.71 18.46 19.88 20.99
6. Dividend payable
7. Other statutory liabilities (due within 1 year) 4.36 4.88 8.00 16.02 10.00 10.50 11.03 11.58 12.16 12.76 13.40 14.07
8. Deposits / instalments of term loans /
DPGs / debentures etc. (due within 1 year) 54.20 65.49 72.11 57.49 56.21 39.86 25.68 21.86 21.86 21.86 21.86 0.00
9. Other current liabilities & provisions
(due within 1 year) - specify major items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a. Other Outstanding Liabilities payable
b. Other Liabilities
c.
d.
Sub total [2 to 9] (B) 61.39 99.30 87.64 107.65 97.30 59.39 51.66 51.40 54.18 56.54 58.60 38.53
10. Total current liabilities [A + B] 252.64 285.02 225.67 307.65 297.30 259.39 251.66 251.40 254.18 256.54 258.60 238.53
TERM LIABILITIES
11. Debentures (not maturing within 1 year)
12. Preference Shares (redeemable after 1 year)
13. Term loans (excluding instalments
payable within 1 year) 134.47 177.32 105.20 56.17 152.96 113.11 87.43 65.57 43.71 21.86 0.00 0.00
14. Deferred Payment Credits (excluding
instalments due within 1 year)
15. Term deposits (repayable after 1 year)
16. Other term liabilities 124.44 221.18 346.02 311.13 311.13 311.13 311.13 311.13 311.13 311.13 311.13 311.13
17. Total Term Liabilities [11 to 16] 258.91 398.50 451.22 367.30 464.09 424.24 398.56 376.70 354.84 332.99 311.13 311.13
18. Total Outside Liabilities [10 + 17] 511.55 683.52 676.89 674.95 761.39 683.63 650.22 628.10 609.02 589.53 569.73 549.66
NET WORTH
19. Ordinary Share Capital 75.88 75.23 80.71 124.14 204.47 204.47 204.47 204.47 204.47 204.47 204.47 204.47
20. General Reserve
21. Revaluation Reserve
22. Other Reserves (excluding Provisions)
23. Surplus (+) or deficit (-) in Profit & Loss a/c 6.18 12.45 20.54 31.65 42.78 55.82 81.53 113.95 151.31 192.60 237.04 283.99
23. a. Share Application money
b. Share Premium Account
c. Deferred Tax Liability A/c
d. Others
e.
24. Net Worth 82.06 87.68 101.25 155.79 247.25 260.29 286.00 318.42 355.78 397.07 441.51 488.46
25. TOTAL LIABILITIES [18 + 24] 593.61 771.20 778.14 830.74 1008.64 943.92 936.22 946.52 964.80 986.60 1011.24 1038.12
FORM III - ANALYSIS OF BALANCE SHEET (Continued)
ASSETS
Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Financial Year ended / ending 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
No.of months 12 12 12 12 12 12 12 12 12 12 12 12
CURRENT ASSETS
26. Cash and Bank Balances 26.22 4.28 15.70 12.50 32.45 36.39 50.06 49.29 85.75 113.96 132.94 141.44
27. Investments (other than long term) 12.52 21.81 58.68 67.96 67.96 79.21 79.21 79.21 79.21 79.21 79.21 79.21
i. Govt. and other trustee securities 11.25 9.01 7.69 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73
ii. Fixed Deposits with banks 1.27 12.80 50.99 56.23 56.23 67.48 67.48 67.48 67.48 67.48 67.48 67.48
28. i. Receivables other than deferred &
exports (incldg. bills purchased and
discounted by banks) 21.81 26.06 40.07 82.10 59.42 82.13 87.96 149.08 173.53 202.87 238.08 280.33
ii. Export receivables (incldg. bills
purchased/discounted by banks)
29. Instalments of deferred receivables
(due within 1 year)
30. Inventory: 151.89 221.76 193.03 241.57 253.32 226.62 249.85 249.86 249.87 249.88 249.90 249.91
i. Raw materials (including stores and
other items used in the process of
manufacture) 124.35 189.38 161.67 192.34 200.00 170.43 193.65 193.65 193.65 193.65 193.65 193.65
a. Imported
b. Indigenous 124.35 189.38 161.67 192.34 200.00 170.43 193.65 193.65 193.65 193.65 193.65 193.65
ii. Stocks-in-process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
iii. Finished goods 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00 56.00
iv. Other consumable spares 0.00 0.00 0.00 0.23 0.32 0.19 0.20 0.21 0.22 0.23 0.25 0.26
a. Imported
b. Indigenous 0.00 0.00 0.00 0.23 0.32 0.19 0.20 0.21 0.22 0.23 0.25 0.26
31. Advances to suppliers of raw materials
and stores/spares 2.00 0.00 3.93 9.15 6.00 7.00 16.00 19.20 23.04 27.65 33.18 39.81
32. Advance payment of taxes 4.17 4.01 5.09 5.73 7.40 5.83 11.50 14.50 16.71 18.46 19.88 20.99
33. Other current assets (specify major items) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a.
b.
c.
d.
34. Total Current Assets (26 to 33) 218.61 277.92 316.50 419.01 426.55 437.18 494.57 561.14 628.11 692.03 753.18 811.70
FIXED ASSETS
35. Gross Block (land, building, machinery,
work-in-progress) 408.59 571.39 599.06 603.29 836.62 836.62 836.62 836.62 836.62 836.62 836.62 836.62
36. Depreciation to date 33.59 78.11 137.42 191.56 254.52 329.87 394.96 451.24 499.91 542.05 578.55 610.20
37. Net Block (35 - 36) 375.00 493.28 461.64 411.73 582.10 506.75 441.66 385.39 336.71 294.57 258.07 226.42
OTHER NON-CURRENT ASSETS
38. Investments/book debts/advances/deposits
which are not current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
i. a. Investments in subsidiary
companies / affiliates
b. Others 0.00 0.00
ii. Advances to suppliers of capital goods
and contractors 0.00 0.00
iii. Deferred receivables (maturity
exceeding 1 year) 0.00 0.00
iv. Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a. Security Deposit
b. Sales Tax under Appeal
c. Tax Deducted at Source
d. Others
39. Non-consumable stores and spares
40. Other non-current assets including
dues from directors
41. Total Other Non-current Assets (38 to 40) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
46. Current Ratio (34 / 10) 0.87 0.98 1.40 1.36 1.43 1.69 1.97 2.23 2.47 2.70 2.91 3.40
47. Total OUTSIDE Liabilities / Tangible
Net Worth (18 / 44) 6.23 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13
48. Total TERM Liabilities / Tangible
Net Worth (17 / 44) 3.16 4.54 4.46 2.36 1.88 1.63 1.39 1.18 1.00 0.84 0.70 0.64
ADDITIONAL INFORMATION
A. Arrears of depreciation
B. Contingent Liabilities:
i. Arrears of cumulative dividends
ii. Gratuity liability not provided for
iii. Disputed excise / customs /
tax liabilities
iv. Other liabilities not provided for
FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
A. CURRENT ASSETS
1. Raw materials (incl. stores & other items
used in the process of manufacture)
a. Imported 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Month's Consumption
b. Indigenous 124.35 189.38 161.67 192.34 200.00 170.43 193.65 193.65 193.65 193.65 193.65 193.65
Month's Consumption (3.45) (5.56) (3.89) (2.73) (2.16) (1.75) (1.84) (1.84) (1.84) (1.84) (1.84) (1.84)
2. Other Consumable spares, excluding
those included in 1 above
a. Imported 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Month's Consumption
b. Indigenous 0.00 0.00 0.00 0.23 0.32 0.19 0.20 0.21 0.22 0.23 0.25 0.26
Month's Consumption (0.99) (0.89) (0.50) (0.50) (0.50) (0.50) (0.50) (0.50) (0.50)
3. Stock-in-process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Month's cost of production
4. Finished goods 27.54 32.38 31.36 49.00 53.00 56.00 56.00 56.00 56.00 56.00 56.00 56.00
Month's cost of sales (0.65) (0.80) (0.59) (0.61) (0.50) (0.50) (0.47) (0.47) (0.47) (0.47) (0.47) (0.48)
5. Receivables other than export & deferred
receivables (incl. bills purchased &
discounted by bankers) 21.81 26.06 40.07 82.10 59.42 82.13 87.96 149.08 173.53 202.87 238.08 280.33
Month's domestic sales: excluding
deferred payment sales (0.42) (0.52) (0.61) (0.86) (0.49) (0.65) (0.65) (1.10) (1.28) (1.50) (1.75) (2.07)
6. Export receivables (incl. bills purchased
and discounted) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Month's export sales
7. Advances to suppliers of raw materials &
stores / spares, consumables 2.00 0.00 3.93 9.15 6.00 7.00 16.00 19.20 23.04 27.65 33.18 39.81
8. Other current assets incl. cash & bank
balances & deferred receivables due
within one year 42.91 30.10 79.47 86.19 107.81 121.43 140.76 143.00 181.67 211.63 232.03 241.64
Cash and Bank Balances 26.22 4.28 15.70 12.50 32.45 36.39 50.06 49.29 85.75 113.96 132.94 141.44
Investments (other than long term): 12.52 21.81 58.68 67.96 67.96 79.21 79.21 79.21 79.21 79.21 79.21 79.21
i. Govt. and other trustee securities 11.25 9.01 7.69 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73 11.73
ii. Fixed Deposits with banks 1.27 12.80 50.99 56.23 56.23 67.48 67.48 67.48 67.48 67.48 67.48 67.48
Instalments of deferred receivables
(due within 1 year) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Advance payment of taxes 4.17 4.01 5.09 5.73 7.40 5.83 11.50 14.50 16.71 18.46 19.88 20.99
Other current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9. Total Current Assets 218.61 277.92 316.50 419.01 426.55 437.17 494.57 561.14 628.11 692.03 753.18 811.70
(To agree with item 34 in Form III)
FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
Actuals Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
B. CURRENT LIABILITIES
(Other than bank borrowings for working capital)
Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1. SOURCES
a. Net Profit 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95
b. Depreciation 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64
c. Increase in Capital -0.65 5.48 43.43 80.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d. Increase in Term Liabilities
(including Public Deposits) 139.59 52.72 0.00 96.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e. Decrease in
i. Fixed Assets
ii. Other non-current Assets
f. Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
g. TOTAL 189.73 125.60 108.68 251.21 88.39 90.80 88.69 86.04 83.43 80.94 78.59
2. USES
a. Net loss
b. Decrease in Term Liabilities
(including Public Deposits) 0.00 0.00 83.92 0.00 39.85 25.68 21.86 21.86 21.85 21.86 0.00
c. Increase in
i. Fixed Assets 162.80 27.67 4.23 233.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ii. Other non-current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d. Dividend Payments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e. Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
f. TOTAL 162.80 27.67 88.15 233.33 39.85 25.68 21.86 21.86 21.85 21.86 0.00
3. Long Term Surplus (+) / Deficit (-) [1-2] 26.93 97.93 20.53 17.88 48.54 65.12 66.83 64.18 61.58 59.08 78.59
4. Increase/decrease in current assets
* (as per details given below) 59.31 38.58 102.51 7.54 10.63 57.39 66.57 66.97 63.92 61.15 58.52
5. Increase/decrease in current liabilities
other than bank borrowings 37.91 -11.66 20.01 -10.35 -37.91 -7.73 -0.26 2.78 2.36 2.06 -20.07
6. Increase/decrease in working capital gap 21.40 50.24 82.50 17.89 48.54 65.12 66.83 64.19 61.56 59.09 78.59
7. Net Surplus / Deficit (-) [3-6] 5.53 47.69 -61.97 -0.01 0.00 0.00 0.00 -0.01 0.02 -0.01 0.00
8. Increase/decrease in bank borrowings -5.53 -47.69 61.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9. Increase/decrease in NET SALES -16.99 185.68 353.74 301.17 76.00 110.00 0.00 0.00 0.00 0.00 0.00
* Break up of item-4
i. Increase/decrease in Raw Materials 65.03 -27.71 30.67 7.66 -29.57 23.22 0.00 0.00 0.00 0.00 0.00
ii. Increase/decrease in Stocks-in-Process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
iii. Increase/decrease in Finished Goods 4.84 -1.02 17.64 4.00 3.00 0.00 0.00 0.00 0.00 0.00 0.00
iv. Increase/decrease in Receivables
a) Domestic 4.25 14.01 42.03 -22.68 22.71 5.83 61.13 24.45 29.34 35.21 42.25
b) Export 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
v. Increase/decrease in Stores & Spares 0.00 0.00 0.23 0.09 -0.13 0.01 0.01 0.01 0.01 0.02 0.01
vi. Increase/decrease in other current assets -14.81 53.30 11.94 18.47 14.63 28.33 5.43 42.51 34.57 25.92 16.26
TOTAL 59.31 38.58 102.51 7.54 10.63 57.39 66.57 66.97 63.92 61.15 58.52
PERFORMANCE & FINANCIAL INDICATORS
EFFICIENCY RATIOS : 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Net Sales/TTA (Times) 1.04 0.78 1.01 1.37 1.43 1.61 1.74 1.72 1.69 1.65 1.61 1.57
PBT/TTA (%) 1.51% 1.18% 1.50% 1.94% 1.60% 2.00% 3.97% 4.96% 5.60% 6.06% 6.36% 6.54%
Operating Cost/NS (%) 90.96% 91.08% 88.57% 88.83% 90.98% 91.63% 91.46% 91.12% 90.88% 90.70% 90.59% 90.55%
Bank Fin./Curr. Assets (%) 87.48% 66.82% 43.61% 47.73% 46.89% 45.75% 40.44% 35.64% 31.84% 28.90% 26.55% 24.64%
Inv. +Rec./NS (Days) 103 150 108 104 79 74 76 89 95 102 109 119
LIQUIDITY RATIOS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Current Ratio 0.87 0.98 1.40 1.36 1.43 1.69 1.97 2.23 2.47 2.70 2.91 3.40
Acid Test Ratio 0.26 0.20 0.55 0.58 0.58 0.81 0.97 1.24 1.49 1.72 1.95 2.36
Bank Finance to WCG (%) 121.64% 103.97% 60.31% 64.23% 60.74% 52.94% 45.16% 39.24% 34.85% 31.47% 28.79% 25.87%
LEVERAGE RATIOS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Debt : Equity Ratio 3.16 4.54 4.46 2.36 1.88 1.63 1.39 1.18 1.00 0.84 0.70 0.64
TOL/TNW 6.23 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13
Debt : Assets Ratio #VALUE! 0.52 0.58 0.44 0.46 0.45 0.43 0.40 0.37 0.34 0.31 #DIV/0!
Fixed Assets Coverage Ratio 0.69 0.81 0.98 0.89 0.80 0.84 0.90 0.98 1.05 1.13 1.21 1.37
Interest Coverage Ratio 2.04 2.22 2.04 1.62 1.68 1.87 2.00 2.06 2.09 2.11 2.14 2.16
TURNOVER RATIOS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Inventory Turnover Period (DAYS) 90 135 90 77 64 54 56 56 56 56 56 56
Average Collection Period (DAYS) 13 16 19 26 15 20 20 33 39 45 53 63
Total Assets Turnover (TIMES) #VALUE! 0.78 1.01 1.37 1.43 1.61 1.74 1.72 1.69 1.65 1.61 #DIV/0!
Average Credit Period (DAYS) 0 28 3 13 9 1 1 1 1 1 1 1
Bank Finance Turnover 3.23 3.24 5.70 5.70 7.21 7.59 8.14 8.14 8.14 8.14 8.14 8.14
Current Assets Turnover 2.83 2.16 2.49 2.72 3.38 3.47 3.29 2.90 2.59 2.35 2.16 2.01
PROFITABILITY RATIOS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Net Profit Margin (%) 1.00% 1.04% 1.03% 0.97% 0.77% 0.86% 1.58% 1.99% 2.29% 2.54% 2.73% 2.88%
Net Income : Assets Ratio (%) #VALUE! 0.81% 1.04% 1.34% 1.10% 1.38% 2.75% 3.43% 3.87% 4.19% 4.39% #DIV/0!
Return on Investment (ROCE)(%) 14.06% 12.66% 17.90% 22.09% 19.33% 21.45% 21.80% 21.21% 20.44% 19.62% 18.75% 17.87%
Return on Equity (%) 8.14% 8.33% 10.02% 8.95% 5.44% 6.38% 12.57% 15.86% 18.27% 20.19% 21.73% 22.96%
Operating Profitability (%) 9.04% 8.92% 11.43% 11.17% 9.02% 8.37% 8.54% 8.88% 9.12% 9.30% 9.41% 9.45%
Pre-Tax Profitability (%) 1.45% 1.51% 1.49% 1.41% 1.12% 1.24% 2.29% 2.88% 3.32% 3.67% 3.95% 4.17%
PBT/TTA (%) #VALUE! 1.18% 1.50% 1.94% 1.60% 2.00% 3.97% 4.96% 5.60% 6.06% 6.36% #DIV/0!
STRUCTURAL RATIOS 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Retained Profit (%) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Raw Material Content (%) 85.33% 83.51% 79.09% 85.79% 87.84% 86.97% 88.06% 88.55% 88.98% 89.34% 89.64% 89.89%
OC/Sales (%) 90.96% 91.08% 88.57% 88.83% 90.98% 91.63% 91.46% 91.12% 90.88% 90.70% 90.59% 90.55%
FINANCIAL SUMMARY
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1. Long Term Sources 132.22 108.68 193.72 88.39 90.80 88.69 86.04 83.43 80.94 0.00
2. Long Term Uses 27.67 102.77 233.33 39.85 25.68 21.86 21.86 21.85 21.86 0.00
3. Surplus/Deficit 104.55 5.91 -39.61 48.54 65.12 66.83 64.18 61.58 59.08 0.00
CHECK
Name: M/S SONTHALIA RICE MILL
Year > 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
3. Net Profit 6.18 6.27 8.09 11.11 11.13 13.04 25.71 32.42 37.36 41.29 44.44 46.95
4. Depreciation Reported in
Operating Statement tallies Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No Yes
with that of Balance Sheet
a. As per Op Statement 33.59 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64
b. As per III 33.59 44.52 59.31 54.14 62.96 75.35 65.09 56.27 48.68 42.14 36.50 31.64
c. Difference 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a. Total Assets 593.61 771.20 778.14 830.74 1008.65 943.93 936.23 946.53 964.82 986.60 1011.25 1038.12
b. Total Liabilities 593.61 771.20 778.14 830.74 1008.64 943.92 936.22 946.52 964.80 986.60 1011.24 1038.12
c. Difference - - - - 0.01 0.01 0.01 0.01 0.02 - 0.01 -
DATA ANALYSIS
Actuals Actuals Estimated Projected Projections Projections Projections Projections Projections Projections Projections
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
12 12 12 12 12 12 12 12 12 12 12
Excise Duty : Gross Sales 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Annual Growth in Net Sales 30.87% 44.94% 26.40% 5.27% 7.25% 0.00% 0.00% 0.00% 0.00% 0.00%
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
5 TOL / TNW 7.80 6.69 4.33 3.08 2.63 2.27 1.97 1.71 1.48 1.29 1.13
6 (TL + Net Worth) : Net Block 98.56% 119.68% 127.05% 122.20% 135.08% 155.00% 180.37% 211.05% 247.84% 291.64% 353.15%
7 (TL + TNW) : Tangible Non Current Assets 98.56% 119.68% 127.05% 122.20% 135.08% 155.00% 180.37% 211.05% 247.84% 291.64% 353.14%
8 Net Block : TL 203.15% 260.36% 362.25% 278.29% 331.29% 390.48% 440.81% 513.50% 673.85% 1180.71% #DIV/0!
9 (Inventories + Rec) : S.T. Bank Borrowings 133.44% 168.88% 161.84% 156.37% 154.37% 168.90% 199.47% 211.70% 226.38% 243.99% 265.12%
10 Current Assets : S.T. Bank Borrowings 149.64% 229.30% 209.51% 213.28% 218.59% 247.29% 280.57% 314.06% 346.02% 376.59% 405.85%
11 PL Depreciation : Average Gross Block 7.79% 10.13% 9.01% 8.75% 9.01% 7.78% 6.73% 5.82% 5.04% 4.36% 3.78%