2013

Business Case for Term loan Assistance for 24 Keys Hotel

Sri Ganpath Hotels

No.29, III Phase Bannerughatta Road, J.P.Nagar
Bangalore
Mrs.Prema Raghu
Mobile : +919844067266 / 9886460706

Facilities
24 Deluxe A/C Rooms
Fine Dining Restaurant
Bar
Valet Parking
Free Wifi
Best location for business guests
Most Modern Interiors

KARNATAKA

Introduction
1.1 Mrs. Prama Raghu is a entrepreneur planning to set up a Hotel cum
Lodging with all A C rooms facility very close to Jaydeva Hospital in J.P.
Nagar, Bangalore
1.2 The Project is proposed to be setup on the Land owned by Smt. Prema
Raghu situated at No.29, III Phase Bannerughatta Road, J.P.Nagar,
Bangalore. The plot of land is admeasuring 795.43 Sq.Mt. Land is situated
in a prime location, close to well known JAYADEVA HOSPITAL. The land
market value is R.10.00 crores.
1.3 The Promoter Smt. Prema Raghu along with her husband and 2 daughters
are 50% shareholders in a 3 star hotel project at Mysore with 90 rooms, to
be operational shortly. Apart from this Smt.Prema Raghu would be ably
supported in the project by her husband Sri. Raghuram Raju and 2
daughters who are graduates in commerce and hotel management.
1.4 The land is situated in a prime location in Bennerughatta Road, J.P.Nagar,
Bangalore. The Location is very close to well known JAYADEVA HOSPITAL
which has 600 beds. The location is also close to many IT & BT Industries
like INFOSYS, ORACLE, BIOCON, HONEY WELL etc and many chowltries
are in the vicinity.

Promoters expect very good occupancy rate Indian

tourism Hospitality sector and service sector is growing in Bangalore at a

fast phase.
1.5 The Hotel would host 24 AC-Deluxe rooms and a fine dining restaurant
with bar to be let-out. Area of Land is 795.43 sq.mtrs and the total built up
area will be around 2310.55 mtrs.
1.6 The Project is proposed to be constructed in a period of 24 months.
Whereas main structural work will be completed within 1 years.

1.7 The Promoter is also having an hotel project in Mysore (M/s. Sai Ganapath
Hotels Private Limited) wherein Sri.Raghuram ram (Husband of promoter).
Smt.Prema Raghu (self) Ms. A.R.Ankita (Daughter) and Ms. A.R.Lakshmi

(Daughter) are share holders accounting for 50% of the stake. The Hotel
Project is having 90 Rooms in a prime location, Nazarbad, Mysore very near
to Mysore Bus stand. The hotel is expected to commence its business in
November 2013 and income guaranteed is sufficient to service the interest
for first 3 years apart from the cash inflow from family business.

The

promoters are substantially well placed with good background

1.8 The proposed hotel planned to be built in high class construction with
excellent interiors, fit-outs and equipping of the hotel. The interiors and
other layouts and designs have been developed by well known designers
and consultants creating a blend of features, concepts and high quality
perspectives for the project, in keeping with contemporary international
standards.
1.9 The hotel will be operated by the promoters s only, however the fine dining
cum bar is proposed to be leased out to a well know group of hoteliers who
would run the same on lease basis.
1.10

The hotel site has a total development area of about 795.43 Sq

meters with total built-up area of 28431 Sq Feet in 5 floors consisting of

Cellar and Stilt for Parking. The Ground Floor would host the Restaurant
and the first and second floors shall host the 24 business class rooms
along with reception & lobby.
1.11

The permissions from BBMP have been obtained vide permit No.

Ad.Com/SUT/2075/11-12 dated 30/11/2012 and the land development is

complete. All the civil, structural, and utilities drawings , designs and
estimates are completed and the promoter has already obtained quotes for
all interiors and outsourced readymade furniture / fixtures and facilities.
Thus the unit is ready to take off.

Location
Bangalore city is located in the southern part of the state of Karnataka, in the
southern region of India. It is 3,113 feet (949 m) above sea level, on top of a ridge
in the Karnataka plateau. Bangalore is 998 km from Mumbai (Bombay) and 562
km from Hyderabad. The climate of Bangalore is moderate and pleasant.
Summers are mild (April-June) and winters are cool (October-February). The city
experiences southwestern monsoon rains in June-August.Bangalore is the capital
city of Karnataka and is also an important centre for international and domestic
business. It is, and has traditionally been, a gateway city to southern India. The
city has experienced steady growth over the last two decades and it is expected to
grow significantly with the implementation of numerous Software, industrial,
infrastructure and service sector projects that are under planning and / or
completion. With its wide mix of economic activity base, Bangalore is also an
important centre for conventions, expos and conferences;
The Proposed site is located at Bennargatta, Bangalore

The main junctions and traffic hotspots on this road are at Adugodi, Dairy Circle,
Gurappanapalya, Sri
Jayadeva
Institute
of
Cardiology,
N.Palya, Bilekahalli, Arekere Gate, Hulimavu Gate, Gottigere, Bannerghatta Circle, Koppa Gate and
Jigani Industrial Area. TheNICE BMIC peripheral ring road cuts this road a little beyondGottigere. In
one of the first private-public partnerships in the city, South Avenue, Bannerghatta Road has been
widened to four lanes by Mantri Developers, for approximately five kilometers south of Jayadeva
underpass. The Diary Circle and the Jayadeva grade separators are on this road. Bannerghatta Road
also has intersections with many major roads, such as Hosur Road, Outer Ring Road, and NICE
Road.

Fact Sheet - Bangalore

Population of Bangalore: 5.2 million

GDP Growth Rate: 8.3%

Bangalore is a major economic and cultural hub of India and the second
fastest growing major metropolis in India. (Rediff News - "India's 10 fastest
growing cities)

With an economic growth of 10.3%, Bangalore is the fastest growing major

metropolis in India, and is also the country's fourth largest FMCG market.

With a per capita income of 74,709 (US $1,515.1) in 200607,the city is the
third largest hub for High Net Worth individuals and is home to over
10,000 dollar millionaires and about 60,000 super-rich people who have an
investable surplus of 4.5 crore (US $1 million) and Rs. 50 lakh (US$
101,400) respectively (Dept of Economics & Statistics, Govt of Karnataka)

Due to the strong IT industry in the city, the improved infrastructure, the
robust commercial real estate market and numerous public sector
industries, Bangalore is now a powerhouse for corporate and business
industry. This has resulted in heavy influx of corporate visitors as well as
an entry of national and international tourist in Bangalore.

Global hospitality services provider HVS reports that by 2016, Bangalore

will have 8,500 additional hotel rooms to add to 7,300 existing room supply

Tourism is clearly being perceived as Karnataka's strength. Its cosmopolitan

nature, manageable infrastructure and largest talent pool are attracting quality
tourist and sound investors. In short Karnataka is well on the road that will take
it places. It is offering the comfort and convenience of Aero-Tourism. It facilitates
flying down to the most exotic offerings of the state in the comfort of the sleek 68C
Twin- Engine Air Crafts or a state- of the- art Helicopter fleet. It is being
adequately supported with the Hotel industry which accelerates the State
economic growth.

10

11

OCCUPANCY AND ROOM RATE PROJECTIONS

Opening Date
The opening date for the proposed hotel is 1St April 2015.
Hotel Guest Rooms
The hotel will have 24 guest rooms and suites, comprised in the manner summarised in
the table below:
Room type

No. of keys

Standard Rooms

15

Executive Rooms

Junior Suites

Executive Suites

24

Total

Business Periods
In line with seasonal variations in demand, we have segmented the calendar into four
business periods as summarised in the table below:
Business Period Composition
Business Period

Number of
days

Details

Peak

78

Days of major conventions, events and other

sold-out days..

High or Busy
Period

187

Typically the weekday demand, other than the

peak days and some holiday period during
Diwali, Christmas and New Year

Shoulder

82

Working days with relatively lower demand

levels across the year

Slack

18

On public holidays

12

Hotel Rooms Occupancy and Room Rates

Seasonal Occupancy Build-up
The period wise occupancy projection, expected to be built up over a five year
period, is summarised in the table below.
Proposed - Occupancy estimates
Business Period / FY

2015-16

2016-17

2017-18

Peak

86.0%

94.0%

98.5%

High period

70.0%

78.8%

88.0%

Shoulder period

35.0%

36.6%

47.5%

Slack period

15.0%

15.8%

20.5%

Overall occupancy

70.3%

80.1%

85.2%

13

Occupancy Build Up
100.0%

90.0%
80.0%
70.0%
Peak

60.0%

Busy / High

50.0%

Shoulder

40.0%

Slack

30.0%

Overall Occ

20.0%
10.0%
0.0%
2017

2018

2014

2015

2016

ASSUMPTIONS - INCOME
No. of Rooms
No. of Days
No. of Room Days per Year

24.00
365.00
8,760.00
1st Year

2nd Year

85%

4th Year

Occupancy

70%

Room Tariff

2,750.00

3,000.00

3,500.00

4,000.00

169.00

210.00

261.00

298.00

82.20

90.00

99.00

109.00

6.00

7.00

7.00

7.00

88.20

97.00

106.00

116.00

Room Tariff ( In Lakhs )

80%

3rd Year

85%

Retasurant Lease Rental to third

party
Speciality Restaurant cum bar lease
Room Service - Rs.100 per room/day
Total

14

Brief Financials

Norm

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

2015-16

2016-17

2017-18

2018-19

EFFICIENCY RATIOS:
Net Sales / Total Tangible Assets (Times)
PBT / TTA (%)

>1.50

0.13

0.15

0.18

0.20

>5.00%

0.94%

2.93%

5.40%

7.66%

Operating Cost / Net Sales (%)

<75.00%

92.55%

80.49%

69.67%

61.33%

Bank Finance / Current Assets (%)

<50.00%

0.00%

0.00%

0.00%

0.00%

<60 Days

Current Ratio

>1.33

35.21

44.45

17.27

17.73

Acid Test Ratio

>1.00

35.21

44.45

17.27

17.73

Bank Finance to WCG Ratio

<0.75

Debt Equity Ratio

<2.00

0.50

0.46

0.38

0.30

TOL / TNW

<3.00

0.51

0.46

0.39

0.30

Debt-Assets Ratio

<0.60

0.33

0.31

0.28

0.23

Fixed Assets Coverage

<0.60

0.36

0.36

0.30

0.25

Interest Coverage Ratio

>2.00

Inventory+Receivables / Net Sales (Days)

LIQUIDITY RATIOS:

LEVERAGE RATIOS:

TURNOVER RATIOS:
Inventory Turnover Period (Days)

<30 Days

Average Collection Period (Days)

<30 Days

>1.00

0.13

0.15

0.18

0.20

Total Assets Turnover (Times)

Average Credit Period (Days) - Creditors

<30 Days

Bank Finance Turnover (Times)

>5.00

Current Assets Turnover (Times)

>3.00

2.92

1.73

4.72

4.67

Net Profit Margin after tax (%)

>5.00%

7.45%

15.61%

24.26%

29.01%

Net Income to Assets Ratio (%)

>10.00%

0.94%

2.35%

4.32%

5.74%

Return on Investment (%) [PBDIT/TTA]

>20.00%

9.45%

11.17%

13.20%

14.82%

Return on Equity (%)

>18.00%

1.42%

3.43%

5.99%

7.48%

Operating Profitability (%)

>20.00%

7.45%

19.51%

30.33%

38.67%

Pre-Tax Profitability (%)

>15.00%

7.45%

19.51%

30.33%

38.67%

PBT / TTA (%)

>10.00%

0.94%

2.93%

5.40%

7.66%

Retained Profit (%)

>20.00%

100.00%

100.00%

100.00%

100.00%

Raw Material Content (%)

<50.00%

0.00%

0.00%

0.00%

0.00%

Operating Cost / Sales (%)

<75.00%

92.55%

80.49%

69.67%

61.33%

PROFITABILITY RATIOS:

STRUCTURAL RATIOS:

15

Mrs. Prema Raghu Networth

SL.No.
1

Particulars
Land at:No.29, III Phase, Bannerughatta Road,

Rupees
10,00,00,000

J.P.Nagar, Bangalore, 795.43 Sq.Mtrs

2
3

5% of the Equity holding in M/s.Saiganpath Hotel Private Limited

Gold & Silver

25,00,000
70,00,000

16

Financials

17

DrawdownSchedule
ESTIMATEDPROJECTCOST
Description
Land
ConstructionCost
Lift&Generator
BorewellwithMotor
Power
Computers
FurnitureandFixtures
Registration/Deposits
PreoperativeExpenses
InterestduringConstruction
Contingencies5%
WorkingCapital
TotalProjectCost

(Rs.Lakhs)

Estimate
Quote
Quote
Quote
Quote
Quote
Estimate
Estimate
Estimate
Estimate
Estimate

MEANSOFFINANCE
PromotersContribution
TermLoanfromCentralBank
TotalMeansofFinance

CentralBank

Amount

2,013

2015

1,000.00
629.50
50.00
3.50
27.00
1.63
42.00
50.00
28.50
141.87
50.00
6.00
2,030.00

1,000.00
377.70
15.00
3.50
20.25
1.63
8.40
50.00
19.95
70.94
25.00

251.80
35.00

6.75

33.60

8.55
70.94
25.00
6.00
1,592.37 437.64

1,000.00
629.50
50.00
3.50
27.00
1.63
42.00
50.00
28.50
141.87
50.00
6.00
2,030.00

1,330.00

1,142.37 187.64

1,330.00

700.00

450.00 250.00

700.00

2,030.00

1,592.37

2,030.00

437.64

total

ProjectedProfitability
Description
Occupancy
RentalReceipts
RestaurantLeaseReceipt

201516

201617

201718

201819

70%

80%

85%

85%

169.00
88.20

210.00
97.00

261.00 298.00
106.00 116.00

TotalIncome 258.00

308.00

368.00 415.00

52.19%

46.19%

40.61%

38.93%

8.00
2.00
2.00
26.00
1.00
1.00
3.00
5.00
6.00
3.00
3.00
3.00
63.00
195.00
80.36
3.00
92.48
19.16

19.16
99.53

9.00
3.00
2.00
31.00
2.00
2.00
3.00
6.00
8.00
3.00
3.00
4.00
76.00
232.00
80.36
4.00
87.75
59.89
11.98
47.91
128.27

10.00
4.00
3.00
37.00
2.00
2.00
4.00
7.00
9.00
4.00
4.00
5.00
91.00
277.00
80.36
5.00
80.33
111.31
22.26
89.05
169.41

11.00
5.00
3.00
42.00
2.00
2.00
4.00
8.00
10.00
4.00
4.00
5.00
100.00
315.00
80.36
5.00
69.53
160.11
40.03
120.08
200.45

Expenditure
Salaries
FoodandBeverageExpenses
RepairsandMaintenance
PowerandFuel
Postage&Telephone
PrintingandStationery
MiscellaneousExpenses
HousekeepingExpenses
RatesandTaxes
Travelling&Conveyance
StaffWelfare
Otherexp
TotalOperatingExpenditure
OperatingProfit
Depreciation
Sales&Marketing
InterestonTermLoan
NetProfitBeforeTax
Taxation
NetProfitafterTax
CashProfit

ProjectedProfitability
Description
Occupancy
RentalReceipts
RestaurantLeaseReceipt

Rs.Lakhs
201920

202021

202122

202223

85%

85%

85%

85%

335.00
127.00

372.00
139.00

410.00
152.00

410.00
167.00

TotalIncome 463.00

512.00

563.00

578.00

37.91%

37.37%

37.07%

40.73%

12.00
5.00
4.00
46.00
2.00
2.00
5.00
9.00
12.00
5.00
5.00
5.00
112.00
351.00
80.36
5.00
56.03
209.61
62.88
146.73
227.09

13.00
5.00
5.00
51.00
3.00
3.00
5.00
10.00
13.00
5.00
5.00
5.00
123.00
389.00
80.36
5.00
40.50
263.14
78.94
184.20
264.56

14.00
5.00
6.00
56.00
3.00
3.00
6.00
11.00
14.00
6.00
6.00
5.00
135.00
428.00
80.36
5.00
24.30
318.34
95.50
222.84
303.20

15.00
5.00
6.00
58.00
3.00
3.00
6.00
12.00
14.00
6.00
6.00
5.00
139.00
439.00
80.36
5.00
8.10
345.54
103.66
241.88
322.24

Expenditure
Salaries
FoodandBeverageExpenses
RepairsandMaintenance
PowerandFuel
Postage&Telephone
PrintingandStationery
MiscellaneousExpenses
HousekeepingExpenses
RatesandTaxes
Travelling&Conveyance
StaffWelfare
Otherexp
TotalOperatingExpenditure
OperatingProfit
Depreciation
Sales&Marketing
InterestonTermLoan
NetProfitBeforeTax
Taxation
NetProfitafterTax
CashProfit

PROJECTEDBALANCESHEET
Description
CURRENTLIABILITIES
SundryCreditors
ProvisionforExpenses

Rs.Lakhs
201314

201415

201516

201617

201718

Const

Const

12

12

12

1.00
1.50

2.50

2.00
2.00

4.00

2.00
2.50

4.50

2.00
3.00

5.00

670.00

10.00
680.00

630.00

10.00
640.00

560.00

10.00
570.00

1,330.00
19.16

1,349.16
2,031.66

1,330.00
47.91
19.16
1,397.07
2,041.07

1,330.00
89.05
67.07
1,486.12
2,060.62

5.00

TotalCurrentLiabilities 5.00
TERMLIABILITES
TermLoanfromBank
450.00
UnsecuredLoans
RentDeposit
TotalTermLiabilities 450.00
NETWORTH
ShareCapital
RetainedProfit
ReservesandSurplus
TotalLiabilities

700.00
10.00
710.00

1,142.37

1,330.00

TotalNetworth 1,142.37
1,597.37

1,330.00
2,040.00

201819

201920

202021

202122

202223

12

12

12

2.00
3.50

5.50

2.00
3.50

5.50

2.00
3.50

5.50

2.00
3.50

5.50

470.00

10.00
480.00

360.00

10.00
370.00

240.00

10.00
250.00

120.00

10.00
130.00

10.00
10.00

1,330.00
120.08
156.12
1,606.21
2,091.21

1,330.00
146.73
276.21
1,752.93
2,128.43

1,330.00
184.20
422.93
1,937.13
2,192.63

1,330.00
222.84
607.13
2,159.97
2,295.47

1,330.00
241.88
829.97
2,401.84
2,417.34

12 12

PROJECTEDBALANCESHEET
201314
201415
Description
CURRENTASSETS
Const
Const
CashandBankBalances
5.00
10.00
SundryDebtors
AdvTax/Advtosupplier/Deposits
6.00
TotalCurrentAssets 5.00 16.00

Rs.Lakhs
201516

201617

201718

201819

201920

202021

202122

202223

12

12

12

12

12

12

12

12

1.58
43.00
43.45
88.03

2.71
51.33
123.75
177.79

20.00 25.00
57.71 63.66

30.00
76.25

35.00
85.80

40.00
94.00

77.71 88.66

106.25

120.80

134.00

40.00
96.24
100.00
236.24

1,945.50

1,945.50

1,945.50

NetBlock 1,522.42

1,945.50

80.36
1,865.14

160.73
1,784.77

1,945.50
200.00
241.09
1,904.41

1,945.50
300.00
321.45
1,924.05

1,945.50
400.00
401.82
1,943.69

1,945.50
530.00
482.18
1,993.32

1,945.50
700.00
562.54
2,082.96

1,945.50
800.00
642.90
2,102.60

NonOperatingAssets
Deposits
50.00
PreoperativeExps
19.95
TotalNonOperatingAssets 69.95

50.00
28.50
78.50

50.00
28.50
78.50

50.00
28.50
78.50

50.00 50.00
28.50 28.50
78.50 78.50

50.00
28.50
78.50

50.00
28.50
78.50

50.00
28.50
78.50

50.00
28.50
78.50

TotalAssets 1,597.37

2,040.00

2,031.67

2,041.07

2,060.62 2,091.20

2,128.43

2,192.63

2,295.46

2,417.34

FIXEDASSETS
GrossBlock
Capitalworkinprogress
Depreciation

1,522.42

PROJECTEDFUNDSFLOWSTATEMENT
Description
201314
SourcesofFunds
CashfromOperations
ShareCapital
1,142.37
IncreaseinTermLiabilities
450.00
IncreaseinRentDeposit
IncreaseinCurrentLiabilities
5.00
IncreaseinProvisions
0.00
TotalSources

201718

201819

201920

202021

202122

202223

128.27
187.64

250.00

10.00

5.00
1.00
1.00
0.00
1.50
0.50

169.41

0.00
0.50

200.45

0.00
0.50

227.09

0.00
0.50

264.56



0.00
0.00

303.20

0.00
0.00

322.24



0.00
0.00

1,597.37

442.64

102.03

129.77

169.91 200.95

227.59

264.56

303.20

322.24

1,522.42
50.00

423.09

30.00

40.00

200.00 100.00

70.00 90.00

100.00

110.00

130.00

120.00

170.00

120.00

100.00

120.00

19.95

6.00
8.55

80.45

88.63

(117.37) 5.94

12.59

9.56

8.20

102.24

TotalApplications

1,592.37

437.64

110.45

128.63

152.63 195.94

222.59

259.56

298.20

322.24

OpeningBalance
Surplus/(Deficit)
ClosingBalance

5.00
5.00

5.00
5.00
10.00

10.00 1.57
(8.43) 1.14
1.57 2.71

2.71 20.00
17.28 5.00
20.00 25.00

25.00
5.00
30.00

30.00
5.00
35.00

35.00
5.00
40.00

40.00
(0.00)
40.00

ApplicationofFunds
CapitalExpenditureofProject
Deposits
RepaymentofTermLoans
RepaymentofUnsecuredLoans
IncreaseinCurrentAssets
IncreaseinPreoperativeexpenses

201415

201516

201617

99.53

DEBTSERVICECOVERAGERATIO
Description
COVER
ProfitafterTax
DepreciationandAmortization
InterestonTermLoan
TotalCover(a)
SERVICE
InterestonTermLoan
ReapymentofTermLoan
TotalService(b)
DSCR(a/b)
AverageDSCR
MinimumDSCR
MaximumDSCR

201314

201415

201516

201617

201718

201819

201920

Rs.Lakhs
202021
202122

19.16
80.36
92.48

47.91
80.36
87.75

89.05 120.08
80.36 80.36
80.33 69.53

146.73
80.36
56.03

184.20
80.36
40.50

222.84
80.36
24.30

241.88
80.36
8.10

192.00

216.02

249.74 269.97

283.12

305.06

327.50

330.34

1,071.84
642.90
459.00

1,843.41

92.48
30.00
122.48
1.57
1.78
1.57
2.27

87.75
40.00
127.75
1.69

80.33
70.00
150.33
1.66

56.03
110.00
166.03
1.71

40.50
120.00
160.50
1.90

24.30
120.00
144.30
2.27

8.10
120.00
128.10
2.58

459.00
700.00
1,030.90
1.79

69.53
90.00
159.53
1.69

202223

Total

INTERNALRATEOFRETURN

Construction

201516

CashFlows/TurnoverAchieved
IRR

(2,030.00) 258.00
12%

BREAKEVENPOINT

4thYear

308.00

201718

201819

368.00 415.00

Rslacs
415.00

TURNOVER
EXPENDITURE
Salaries
FoodandBeverageExpenses
RepairsandMaintenance
PowerandFuel
Postage&Telephone
PrintingandStationery
MiscellaneousExpenses
HousekeepingExpenses
RatesandTaxes
Travelling&Conveyance
StaffWelfare
Otherexp
Sales&Marketing
InterestonTermLoan
Taxation
Contribution

201617

11.00
5.00
3.00
42.00
2.00
2.00
4.00
8.00
10.00
4.00
4.00
5.00
5.00
69.53
40.03

Variable
%
40%
90%
50%
80%
0%
0%
0%
40%
0%
70%
40%
40%
50%
20%
90%

Variable Fixed
Rs.
Rs.
4.40 6.60
4.50 0.50
1.50 1.50
33.60 8.40

2.00

2.00

4.00
3.20 4.80

10.00
2.80 1.20 106.03
1.60 2.40
2.00 3.00
2.50 2.50
13.91 55.62
36.03 4.00
308.97

TotalFixedCost

108.52

BreakEvenPointPercentage
BreakEvenPointValue

35.12%
145.76

201920

202021

202122

202223

463.00

512.00

563.00

578.00

SensitivityAnalysis
5%reductioninOccupancy
Turnover
OperatingExpenses

201516

201617

201718

156.93
63.00

196.88
76.00

245.65
91.00

OperatingProfit

93.93

120.88

InterestonTermLoan
OtherExpenses
Profit/(Loss)
depreciation
CashProfit

92.48
3.00
(1.55)
80.36
78.82

DSCRupondecreasein5%occupancy
Cover
Service
DSCR
AverageDSCR

171.29
122.48
1.40
1.70

201819

201920

202021

202122

202223

280.47 315.29
100.00 112.00

350.12
123.00

385.88
135.00

385.88
139.00

154.65

180.47 203.29

227.12

250.88

246.88

87.75
4.00
29.13
80.36
109.49

80.33
5.00
69.32
80.36
149.69

69.53
5.00
105.95
80.36
186.31

56.03
5.00
142.27
80.36
222.63

40.50
5.00
181.62
80.36
261.98

24.30
5.00
221.58
80.36
301.95

8.10
5.00
233.78
80.36
314.15

197.24
127.75
1.54

230.01
150.33
1.53

255.83 278.66
159.53 166.03
1.60 1.68

302.48
160.50
1.88

326.25
144.30
2.26

322.25
128.10
2.52

ASSUMPTIONSINCOME
No.ofRooms
No.ofDays
No.ofRoomDaysperYear

Occupancy
RoomTariff

24.00
365.00
8,760.00
1stYear
2ndYear
3rdYear
4thYear
5thYear
6thYear
7thYear
8thYear
70%
80%
85%
85%
85%
85%
85%
85%
2,750.00 3,000.00 3,500.00 4,000.00 4,500.00 5,000.00 5,500.00 5,500.00

RoomTariff(InLakhs)

169.00

210.00

261.00

298.00 335.00

372.00

410.00

410.00

RetasurantLeaseRentaltothirdparty
SpecialityRestaurantcumbarlease
RoomServiceRs.100perroom/day

82.20
6.00

90.00
7.00

99.00
7.00

109.00 120.00
7.00 7.00

132.00
7.00

145.00
7.00

160.00
7.00

Total

88.20

97.00

106.00

116.00

127.00

139.00

152.00

167.00

Principal
Year/Particulars
OpeningBalance
Repaymentfortheperiod
ClosingBalance
AverageBalance
InterestRate
Interestfortheperiod

700.00
201314

201415

Consperiod

Consperiod

700.00 700.00
0.00
700.00 700.00
700.00 700.00
0.135 0.135
94.50 94.50

201516

201617

201718

201819

201920

202021

202122

700.00
30.00
670.00
685.00
0.135
92.48

670.00
40.00
630.00
650.00
0.135
87.75

630.00
70.00
560.00
595.00
0.135
80.33

560.00
90.00
470.00
515.00
0.135
69.53

470.00
110.00
360.00
415.00
0.135
56.03

360.00
120.00
240.00
300.00
0.135
40.50

240.00
120.00
120.00
180.00
0.135
24.30

202223

Total

120.00
120.00 700.00

60.00
0.14
8.10

CMADATA

BanCENTRAL BANK OF INDIA

T&ME - 1

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

Name:

FORM - I
PARTICULARS OF EXISTING / PROPOSED LIMITS FROM THE BANKING SYSTEM
(Limits from all Banks and Financial Institutions as on date of application)
( Rs.in lakhs )

Sl. No. NAME OF BANK / FINANCIAL

INSTITUTION

NATURE OF FACILITY

EXISTING
LIMITS

EXTENT TO WHICH LIMITS

BAL.O/S
LIMITS NOW
WERE UTILISED DURING
AS ON
REQUESTED
LAST 12 MONTHS
31st March, 2013
2013-14
MAX.
MIN.

A. WORKING CAPITAL LIMITS:

FUND BASED
NON FUND BASED

B. TERM LOANS/DPGS
EXCLUDING WORKING
CAPITAL TERM LOANS

TERM LOAN

NIL

TOTAL
CREDIT MONITORING ARRANGEMENT

NA

NA

NA

Rs. 700 lakhs

Rs. 700 lakhs

WORKING CAPITAL ASSESSMENT

INFORMATION ON ASSOCIATE COMPANIES

(COMPANIES /FIRMS/CONCERNS IN WHICH DIRECTORS/PARTNERS/PROPRIETOR AND/OR THEIR FAMILY MEMBER OF THE
BORROWER COMPANY IS/ARE ASSOCIATED WITH THE OTHER UNIT AS DIRECTORS/PARTNERS/PROPRIETOR OR
HAS/HAVE FURNISHED GUARANTEES).

Name:
Sl. No.

Name of the Associate

Company & Activity

( Rs.in Lakhs )
Annual makeup of A/c
(Date of B/S)

Limits from all Banks and fincial institutions

Name of
Bank/finan
cial Instn.

Funds
Based

Working Capital
Non-fund
Based

Term loan
&
DPG

Overdues,if
any

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II : OPERATING STATEMENT
Name:

(Amount Rs. In Lakhs)

Page 1
As per Profit & Loss account actuals/
estimates for the year ended/ending
CONSTRUCTION
PERIOD
2013-14

2014-15

(1)

(2)

Estimates

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

2015-16
(3)

2016-17
(4)

2017-18
(5)

2018-19
(6)

2019-20
(6)

2020-21
(6)

2021-22
(6)

2022-23
(6)

Raw Material Consumption quantity

Sales quantity

Total

0.000

0.000

0.000

0.000

0.000

0.000

0.000

0.000

0.000

0.000

169.00
88.20
257.20

210.00
97.00
307.00

261.00
106.00
367.00

298.00
116.00
414.00

335.00
127.00
462.00

372.00
139.00
511.00

410.00
152.00
562.00

410.00
167.00
577.00

257.20

307.00

367.00

414.00

462.00

511.00

562.00

577.00

0.00%

#DIV/0!

100.00%

19.36%

19.54%

12.81%

11.59%

10.61%

9.98%

2.67%

257.20

307.00

367.00

414.00

462.00

511.00

562.00

577.00

0.00%

#DIV/0!

#DIV/0!

19.36%

19.54%

12.81%

11.59%

10.61%

9.98%

2.67%

26.00
11.00
5.00
80.36
122.36

31.00
12.00
7.00
80.36
130.36

37.00
14.00
9.00
80.36
140.36

42.00
15.00
10.00
80.36
147.36

46.00
17.00
10.00
80.36
153.36

51.00
18.00
10.00
80.36
159.36

56.00
20.00
10.00
80.36
166.36

58.00
21.00
10.00
80.36
169.36

1) GROSS INCOME:
I) Sales (net of returns)
a) Domestic Sales
b) Bar Rentals
c) Sub-total (a+b)
Less: Excise Duty
Net Sales
d) Percentage rise (+) or fall (-) in sales turnover as
compared to previous year
II) Other Income
a) Steel Processing Labour Charges
b) Miscellaneous Income
III) Total (I) + (II)
2. COST OF SALES:
I) Raw Materials( Including Stores and other items used
in the process of Manufacture )
- Imported
- Indegeneous
II) Power and Fuel
III) Direct Labour ( Wages,Salaries, Bonus, Staff Welfare etc )
IV) Other Manufacturing expenses
V) Depreciation
Sub-total (I to V)

Contd...2

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II : OPERATING STATEMENT
Name:

(Amount Rs. In Lakhs)

Page 2
As per Profit & Loss account actuals/
estimates for the year ended/ending

CONSTRUCTION
PERIOD

IV) Add : Opening stock of W.I.P.

V) Sub-total (III+IV)
VI) Less : Closing Stock W.I.P.
VII) Sub-total (V-VI)( Total Cost of Production )
VIII) Add : Opening stock of Finished Goods
IX) Sub-total (VII+VIII)
X) Less : Closing Stock of Finished Goods
XI) Sub-total ( Total cost of Sales )

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22

2022-23

(1)

(2)

(3)

(4)

(5)

(6)

(6)

(6)

(6)

(6)

122.36

130.36

140.36

147.36

153.36

159.36

166.36

169.36

122.36
122.36

130.36
130.36

140.36
140.36

147.36
147.36

153.36
153.36

159.36
159.36

166.36
166.36

169.36
169.36

#DIV/0!

#DIV/0!

122.36
47.58%
23.20

130.36
42.46%
29.00

140.36
38.25%
35.00

147.36
35.59%
37.00

153.36
33.20%
43.00

159.36
31.19%
48.00

166.36
29.60%
53.00

169.36
29.35%
54.00

#DIV/0!

#DIV/0!

111.64
43.40%

147.64
48.09%

191.64
52.22%

229.64
55.47%

265.64
57.50%

303.64
59.42%

342.64
60.97%

353.64
61.29%

92.48

87.75

80.33

69.53

56.03

40.50

24.30

8.10

5. INTEREST AND FINANCIAL CHARGES

- Interest on Working Capital
- Interest on Term Loan
7. OPERATING PROFIT AFTER INTEREST [4 - 5 - 6]

PROJECTIONS

2013-14

3. SELLING, GENERAL & ADMINISTRATIVE EXPENSES

4. OPERATING PROFIT BEFORE INTEREST[1(III) - 2(XI) - 3]

Estimates

19.16

59.89

111.31

160.11

209.61

263.14

318.34

345.54

9. PROFIT BEFORE TAX / (LOSS) [7 + 8(III)]

19.16

59.89

111.31

160.11

209.61

263.14

318.34

345.54

10. PROVISION FOR TAXES

11.98

22.26

40.03

62.88

78.94

95.50

103.66

120.08
29.01%

146.73
31.76%

184.20
36.05%

222.84
39.65%

241.88
41.92%

8. I) Add: Other non-operating Income

(a) Interest received
(b) Prior period income
(c) Others
(d) sub-total (INCOME)
II) Less: Other non-operating expenses
(a) Others
(b)
(c) Sub-total (EXPENSES)
III) Net of other non-operating Income / Expenses [Net of 8 (I) & 8

11. NET PROFIT/LOSS (9-10)

PBT to Sales %

#DIV/0!

#DIV/0!

19.16
7.45%

47.91
89.05
15.61%
24.26%
1.4 Contd...3

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II : OPERATING STATEMENT
Name:

(Amount Rs. In Lakhs)

Page 3
As per Profit & Loss account actuals/
estimates for the year ended/ending
CONSTRUCTION
PERIOD
2013-14
(1)

2014-15
(2)

Estimates

2015-16
(3)

PROJECTIONS PROJECTIONS PROJECTIONS PROJECTIONS PROJECTIONS PROJECTIONS PROJECTIONS

2016-17
(4)

2017-18
(5)

2018-19
(6)

2019-20
(6)

2020-21
(6)

2021-22
(6)

2022-23
(6)

12. (a) Equity Dividend Paid

(b) Dividend Rate

13. RETAINED PROFIT (11-12)

19.16

47.91

89.05

120.08

146.73

184.20

222.84

241.88

14. RETAINED PROFIT/NET PROFIT (%AGE) [13 / 11]

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

54.60
50.40
37.80
67.20
210.00
210.00

67.86
62.64
46.98
83.52
261.00
261.00

77.48
71.52
53.64
95.36
298.00
298.00

87.10
80.40
60.30
107.20
335.00
335.00

96.72
89.28
66.96
119.04
372.00
372.00

106.60
98.40
73.80
131.20
410.00
410.00

106.60
98.40
73.80
131.20
410.00
410.00

15. ADDITIONAL DATA:

Break-up of Sales Turnover [ Inclusive of other income]
(a) Domestic Sales:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Sub-total
(b) Export Sales:
Sub-total
16. TOTAL (a+b) [To agree with 1 (III)]

Contd...4

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET
Name:

(Amount Rs. In Lakhs)

Page 4
As per Profit & Loss account actuals/
estimates for the year ended/ending
CONSTRUCTION
PERIOD
2013-14
(1)

2014-15
(2)

Estimates

PROJECTIONS PROJECTIONS PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

2015-16
(3)

2016-17
(4)

2017-18
(5)

2018-19
(6)

2019-20
(6)

2020-21
(6)

2021-22
(6)

2022-23
(6)

(-)

(-)

(-)

(-)

(-)

(-)

(-)

(-)

CURRENT LIABILITIES
1. Short term borrowings from Banks
(incldg. bills purchased, discounted & excess borrowings
placed on repayment basis)
(a) from applicant Bank
(b) from other banks
(c) (of which BP & BD)
Sub-total (A)
2. Short term borrowings from others
3. Sundry Creditors (Trade)
4. Advance payments from customers / deposits from dealers
5. Provision for taxation
6. Dividend payable
7. Other statutory liabilities [due with in one year]
8. Deposits/Debentures/Instalments under term loans / DPGs etc.]
( due with in one year )
9. Other current liabilities and Provisions
(due with in one year)
(Specify major Items)
Sub-total (B)
10. TOTAL CURRENT LIABILITIES [ Total of 1 to 9]

(-)
5.00

5.00
5.00

(-)
-

1.00

2.00

2.00

2.00

2.00

2.00

2.00

2.00

1.50

2.00

2.50

3.00

3.50

3.50

3.50

3.50

2.50
2.50

4.00
4.00

4.50
4.50

5.00
5.00

5.50
5.50

5.50
5.50

5.50
5.50

5.50
5.50

Contd...5

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET
Name:

(Amount Rs. In Lakhs)

Page 5
As per Profit & Loss account actuals/
estimates for the year ended/ending
CONSTRUCTION
PERIOD
2013-14
(1)

2014-15
(2)

Estimates

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

2015-16
(3)

2016-17
(4)

2017-18
(5)

2018-19
(6)

2019-20
(6)

2020-21
(6)

2021-22
(6)

2022-23
(6)

TERM LIABILITIES
11. Debentures ( not maturing with in one year )
12. Preference Shares
( redeemable after one year )
13. Term loans (excluding instalments payable within one year)
Term Loan
Term Loan I and III
Term Loan II
Corporate Loan
14. Deferred Payment Credits
( excluding instalments due with in one year )
15. Term deposits ( repayable after one year )
16. Other term liabilities - Unsecured Loans
17. TOTAL TERM LIABILITIES
(Total of 11 to 16)
18. TOTAL OUTSIDE LIABILITIES ( 10 + 17 )
NET WORTH
19. Share capital
20. General reserve
21. Revaluation Reserve
22. Other reserves ( excluding provisions )
23. Surplus (+) or deficit (-) in
Profit & Loss account
24. NET WORTH
25. TOTAL LIABILITIES ( 18 + 24 )

450.00

700.00

670.00

630.00

560.00

470.00

360.00

240.00

120.00

10.00

10.00
-

10.00
-

10.00
-

10.00
-

10.00
-

10.00
-

10.00
-

10.00
-

450.00

710.00

680.00

640.00

570.00

480.00

370.00

250.00

130.00

10.00

455.00

710.00

682.50

644.00

574.50

485.00

375.50

255.50

135.50

15.50

1,142.37

1,330.00

1,330.00

1,330.00

1,330.00

1,330.00

1,330.00

1,330.00

1,330.00

1,330.00

1,142.37
1,597.37

1,330.00
2,040.00

19.16
1,349.16
2,031.66

67.07
1,397.07
2,041.07

156.12
1,486.12
2,060.62

276.21
1,606.21
2,091.21

422.93
1,752.93
2,128.43

607.13
1,937.13
2,192.63

829.97
2,159.97
2,295.47

1,071.84
2,401.84
2,417.34

Contd...6

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET
Name:

(Amount Rs. In Lakhs)

Page 6
As per Profit & Loss account actuals/
estimates for the year ended/ending
CONSTRUCTION
PERIOD
AUDITED ACCOUNTS
2013-14
2014-15
(1)
(2)

Estimates
2015-16
(3)

PROJECTIONS PROJECTIONS

2016-17
(4)

2017-18
(5)

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

2018-19
(6)

2019-20
(6)

2020-21
(6)

2021-22
(6)

2022-23
(6)

CURRENT ASSETS
26. Cash and bank balances
27. Investments (other than long term Investments)
(I) Government & other trustee securities
(II) Fixed deposits with Banks
28. (I) Receivables other than deferred & exports
(Including bills purchased & discounted by bankers)
(II) Export receivables (Including bills
purchased/discounted by bankers
29. Instalments under deferred receivables
(due within one year)
30. Raw Materials( including stores & other items)
- Imported
- Indigeneous
Stocks in Process
Finished goods
Goods in Transit
Other consumable spares
31. Advances to suppliers of merchandise
32. Advance payment of taxes
33. Other current assets
(specify major Items)
34. TOTAL CURRENT ASSETS
(Total of 26 to 33)

5.00

10.00

1.58

2.71

20.00

25.00

30.00

35.00

40.00

40.00

43.00

51.33

57.71

63.66

76.25

85.80

94.00

96.24

100.00
23.75

6.00

30.00
13.45

16.00

88.03

177.79

77.71

5.00

100.00

Contd...7

88.66

106.25

120.80

134.00

236.24

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET
Name:

(Amount Rs. In Lakhs)

Page 7
As per Profit & Loss account actuals/
estimates for the year ended/ending
CONSTRUCTION
PERIOD
2013-14
(1)

2014-15
(2)

Estimates

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

2015-16
(3)

2016-17
(4)

2017-18
(5)

2018-19
(6)

2019-20
(6)

2020-21
(6)

2021-22
(6)

2022-23
(6)

FIXED ASSETS
35. Gross Block (land, building, machinery, furniture, fittings & vehicles)

1,522.42

36. Depreciation to date

37. NET BLOCK (35-36)

1,522.42

OTHER NON-CURRENT ASSETS

38. Investments/book debt/advances /
deposits which are not Current Assets
(I)(a) Investments in subsidiary companies / affiliates
(b) Others
(II) Advances to suppliers of capital goods and contractors
(III) Deferred receivables
(maturity exceeding one year)
(IV) Security deposits/tender deposits
(V) Others
39. Obsolete Stocks
40. Other non-current assets
(Incldg. dues from directors)
41. TOTAL OTHER NON-CURRENT ASSETS
(Total of 38 to 40)
42. Intangible assets (patents,goodwill,preliminary
expenses,bad/doubtful debts not provided for etc)
43. TOTAL ASSETS ( Total of 34,37,41 & 42 )
44. TANGIBLE NET WORTH (24-42)
45. NET WORKING CAPITAL [(17+24)-(37+41+42)]
To tally with (34-10)
46. CURRENT RATIO (34/10)
47. TOTAL OUTSIDE LIABILITIES/TANGIBLE NET WORTH (18/44
ADDITIONAL INFORMATION
48.(A) Arrears of depreciation
(B) Contingent Liabilities :
(a) Arrears of cumulative dividends
(b) Gratuity liability not provided for
(c) Disputed excise/customs tax liabilities
(d) Bills accepted/guarnatees extended to accommodate
associate / sister concerns or other third parties

1,945.50
1,945.50

1,945.50
80.36
1,865.14

1,945.50
160.73
1,784.77

2,145.50
241.09
1,904.41

2,245.50
321.45
1,924.05

2,345.50
401.82
1,943.69

2,475.50
482.18
1,993.32

2,645.50
562.54
2,082.96

2,745.50
642.90
2,102.60

50.00
-

50.00
-

50.00
-

50.00
-

50.00
-

50.00
-

50.00
-

50.00
-

50.00
-

50.00
-

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

50.00

19.95

28.50

28.50

28.50

1,597.37
1,142.37
19.95
1.00
0.40
19.95
-

2,040.00
1,330.00
44.50
16.00
#DIV/0!
0.53
28.50
-

28.50
2,091.20
1,606.21
112.16
83.66
17.73
0.30
28.50
0.00

28.50
2,128.43
1,752.93
129.25
100.75
19.32
0.21
28.50
0.00

28.50
2,192.63
1,937.13
143.81
115.30
21.96
0.13
28.51
0.00

28.50
2,295.46
2,159.97
157.01
128.50
24.36
0.06
28.51
0.00

28.50
2,417.34
2,401.84
259.25
230.74
42.95
0.01
28.51
0.00

2,031.67
1,349.16
114.03
85.53
35.21
0.51
28.50
(0.00)
-

2,041.07
1,397.07
202.30
173.79
44.45
0.46
28.51
0.00
-

28.50
2,060.62
1,486.12
101.71
73.21
17.27
0.39
28.50
(0.00)
-

Contd...8

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - IV : COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
Name:

(Amount Rs. In Lakhs)

Page 8
As per Profit & Loss account actuals/
estimates for the year ended/ending
CONSTRUCTION
PERIOD
2013-14

A. CURRENT ASSETS
1. Raw Materials ( Including Stores and Spares)
Imported
( Months' consumption )
Indigeneous [Including Goods in Transit]
( Months' consumption)
2. Stocks in Process
( Months' cost of Production )
3. Finished Goods
( Months' cost of sales )
4. Other consumable spares
( Months' consumption)
5. Receivables other than export & deferred receivables
(incldg.bills purchased & discounted by bankers)
(Months' domestic sales)
6. Export receivables (incl.bills purch.& disc.)
7. Advances to suppliers of merchandise
8. Other current assets incl.cash & bank balances & deferred
receivables due within one year (specify major items)
9. TOTAL CURRENT ASSETS (To agree with item 34 in Form - III)

2014-15

Estimates

2015-16

PROJECTIONS PROJECTIONS PROJECTIONS

2016-17

2017-18

2018-19

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

2019-20

2020-21

2021-22

2022-23

43.00
(3.05)
30.00

51.33
(2.93)
100.00

57.71
(2.65)
-

63.66
(2.56)
-

76.25
(2.73)
-

85.80
(2.77)
-

94.00
(2.75)
-

96.24
(2.82)
-

5.00
5.00
-

16.00
16.00
-

15.03
88.03
-

26.46
177.79
-

20.00
77.71
-

25.00
88.66
-

30.00
106.25
-

35.00
120.80
-

40.00
134.00
-

140.00
236.24
-

5.00

1.00

2.00

2.00

2.00

2.00

2.00

2.00

2.00

5.00

1.50
2.50

2.00
4.00

2.50
4.50

3.00
5.00

3.50
5.50

3.50
5.50

3.50
5.50

3.50
5.50

B. CURRENT LIABILITIES
(Other than bank borrowings for working capital)
10. Sundry Creditors ( Trade )
(Months' purchases)
11. Advances from customers/deposits from dealers
12. Statutory liabilities [Including Provision for Taxation]
13. Other current liabilities (specify major items)
Short Term borrowings, unsecured loans, dividend payable,
instalments of TL, DPG,public deposits, debentures etc.)
14. TOTAL ( To agree with sub total B Form - III )

Contd...9

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - V : COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL [MPBF]
Name:

(Amount Rs. In Lakhs)

Page 9
2014-15
Const period

(1)

As per Balance Sheet as at

2015-16
2016-17
2017-18

2018-19

2019-20

2020-21

2021-22

2022-23

FOLLOWING

FOLLOWING

FOLLOWING

FOLLOWING

FOLLOWING

FOLLOWING

FOLLOWING

FOLLOWING

YEAR

YEAR

YEAR

YEAR

YEAR

YEAR

YEAR

YEAR

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

(2)

(3)

(4)

(5)

(5)

(5)

(5)

(5)

METHOD OF LENDING: I
1. TOTAL CURRENT ASSETS (9 in Form -IV)

16.00

88.03

177.79

77.71

88.66

106.25

120.80

134.00

236.24

2.50

4.00

4.50

5.00

5.50

5.50

5.50

5.50

16.00

85.53

173.79

73.21

83.66

100.75

115.30

128.50

230.74

4.00

21.38

43.45

18.30

20.91

25.19

28.83

32.13

57.69

44.50

114.03

202.30

101.71

112.16

129.25

143.81

157.01

259.25

6. Item 3 minus Item 4

12.00

64.15

130.35

54.91

62.74

75.56

86.48

96.38

173.06

7. Item 3 minus Item 5

(28.50)

(28.50)

(28.51)

(28.50)

(28.50)

(28.50)

(28.51)

(28.51)

(28.51)

8. Maximum permissible bank finance [MPBF]

(28.50)

(28.50)

(28.51)

(28.50)

(28.50)

(28.50)

(28.51)

(28.51)

(28.51)

2. Other Current Liabilities (Other than bank borrowing)

(14 of Form - IV)
3. Working capital gap (WCG) (1-2)
4. Minimum Stipulated Net Working Capital
i.e.25% of WCG
5. Actual/projected net working capital
(45 in Form III)

(Item 6 or 7 whichever is lower)

9. Excess borrowings representing shortfall in
NWC (4-5)

Contd10

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM VI : FUNDS FLOW STATEMENT
Name:

(Amount Rs. In Lakhs)

Page 10
2014-15
Const
Period
(1)

1. SOURCES
a) Net Profit (after tax)
b) Depreciation
c) Miscellaneous Expenditure Written off
d) Increase in capital
e) Increase in Term Liabilities (Including public deposits)
f) Decrease In:
I) Fixed Assets
II) Other non-current assets
g) Others
g) TOTAL
2. USES
a) Net loss
b) Decrease in Term Liabilities (Including public deposits)
c) Increase In :
I) Fixed Assets
II) Other non-current assets
d) Dividend payments
e) Others
f) TOTAL
3. Long Term Surplus (+) / Deficit (-) [1 - 2]
4. Increase/decrease in current assets (as per details given below)
5. Increase/decrease in current liabilities other than bank borrowings
6. Increase/decrease in Working Capital Gap
7. Net surplus (+)/deficit (-) [Difference of 3 and 6]
8. Increase/decrease in Bank borrowings
INCREASE/DECREASE IN NET SALES
Break-up of (4)
i) Increase/Decrease in stock-in-trade
ii) Increase/Decrease in Receivables
a) Domestic
b) Export
iii) Increase/Decrease in other current assets
NOTE : Increase/decrease under items 4 to 8 as also under
break-up of (4) should be indicated by (+) / (-)

As per Balance Sheet as at

2015-16
2016-17
2017-18
FOLLOWING

FOLLOWING

FOLLOWING

2018-19

2019-20

2020-21

2021-22

2022-23

FOLLOWING

FOLLOWING

FOLLOWING

FOLLOWING

FOLLOWING

YEAR

YEAR

YEAR

YEAR

YEAR

YEAR

YEAR

YEAR

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

(2)

(3)

(4)

(5)

(5)

(5)

(5)

(5)

187.64
260.00

19.16
80.36
-

47.91
80.36
-

89.05
80.36
-

120.08
80.36
-

146.73
80.36
-

184.20
80.36
-

222.84
80.36
-

241.88
80.36
-

447.64

99.53

128.27

169.41

200.45

227.09

264.56

303.20

322.24

30.00

40.00

70.00

90.00

110.00

120.00

120.00

120.00

423.09
423.09
24.55
11.00
(5.00)
(24.55)
(0.00)
-

30.00
69.53
72.03
2.50
(69.53)
0.00
257.20

40.00
88.27
89.76
1.50
(88.26)
(0.00)
49.80

200.00
270.00
(100.59)
(100.08)
0.50
100.58
0.00
60.00

100.00
190.00
10.45
10.94
0.50
(10.44)
0.00
47.00

100.00
0.00
210.00
17.09
17.59
0.50
(17.09)
0.00
48.00

130.00
250.00
14.56
14.56
(14.56)
0.00
49.00

170.00
290.00
13.20
13.20
(13.20)
(0.00)
51.00

100.00
220.00
102.24
102.24
(102.24)
(0.00)
15.00

11.00

29.03

81.43

(106.46)

5.00

5.00

5.00

5.00

100.00

(5.94)

(12.59)

(9.56)

(8.20)

(43)

(8.33)

(6.38)

Contd11

(2.24)

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

RATIO ANALYSIS
Name:
Page 11
As per Profit & Loss account actuals/
estimates for the year ended/ending
Construction
period
Usual
Norm
EFFICIENCY RATIOS:
Net Sales / Total Tangible Assets (Times)
PBT / TTA (%)
Operating Cost / Net Sales (%)
Bank Finance / Current Assets (%)
Inventory+Receivables / Net Sales (Days)

>1.50
>5.00%
<75.00%
<50.00%
<60 Days

2013-14
(1)

0
0.00%

0
0.00%

0.00%

0.00%

LIQUIDITY RATIOS:
Current Ratio
Acid Test Ratio
Bank Finance to WCG Ratio

>1.33
>1.00
<0.75

1.00
1.00

LEVERAGE RATIOS:
Debt Equity Ratio
TOL / TNW
Debt-Assets Ratio
Fixed Assets Coverage
Interest Coverage Ratio

<2.00
<3.00
<0.60
<0.60
>2.00

0.39
0.40
0.28
0.30

TURNOVER RATIOS:
Inventory Turnover Period (Days)
Average Collection Period (Days)
Total Assets Turnover (Times)
Average Credit Period (Days) - Creditors
Bank Finance Turnover (Times)
Current Assets Turnover (Times)

<30 Days
<30 Days
>1.00
<30 Days
>5.00
>3.00

PROFITABILITY RATIOS:
Net Profit Margin after tax (%)
Net Income to Assets Ratio (%)
Return on Investment (%) [PBDIT/TTA]
Return on Equity (%)
Operating Profitability (%)
Pre-Tax Profitability (%)
PBT / TTA (%)
STRUCTURAL RATIOS:
Retained Profit (%)
Raw Material Content (%)
Operating Cost / Sales (%)
Signs:
< = Less Than
> = More Than

2014-15
(2)

#DIV/0!
#DIV/0!
-

0.00

#DIV/0!
#DIV/0!
-

0.53
0.53
0.35
0.36

#DIV/0!
#DIV/0!
-

0.00

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

PROJECTIONS

2015-16
(3)

2016-17
(4)

2017-18
(5)

2018-19
(6)

2019-20
(6)

2020-21
(6)

2021-22
(6)

2022-23
(6)

0.13
0.94%
92.55%
0.00%
-

0.15
2.93%
80.49%
0.00%
-

0.18
5.40%
69.67%
0.00%
-

0.20
7.66%
61.33%
0.00%
-

0.22
9.85%
54.63%
0.00%
-

0.23
12.00%
48.51%
0.00%
-

0.24
13.87%
43.36%
0.00%
-

0.24
14.29%
40.11%
0.00%
-

35.21
35.21
-

44.45
44.45
-

17.27
17.27
-

17.73
17.73
-

19.32
19.32
-

21.96
21.96
-

24.36
24.36
-

42.95
42.95
-

0.50
0.51
0.33
0.36

0.46
0.46
0.31
0.36

0.38
0.39
0.28
0.30

0.30
0.30
0.23
0.25

0.21
0.21
0.17
0.19

0.13
0.13
0.11
0.13

0.06
0.06
0.06
0.06

0.00
0.01
0.00
0.00

0.13

0.15

0.18

0.20

0.22

0.23

0.24

0.24

2.92

1.73

4.72

4.67

4.35

4.23

4.19

2.44

>5.00%
>10.00%
>20.00%
>18.00%
>20.00%
>15.00%
>10.00%

7.45%
0.94%
9.45%
1.42%
7.45%
7.45%
0.94%

15.61%
2.35%
11.17%
3.43%
19.51%
19.51%
2.93%

24.26%
4.32%
13.20%
5.99%
30.33%
30.33%
5.40%

29.01%
5.74%
14.82%
7.48%
38.67%
38.67%
7.66%

31.76%
6.89%
16.26%
8.37%
45.37%
45.37%
9.85%

36.05%
8.40%
17.51%
9.51%
51.49%
51.49%
12.00%

39.65%
9.71%
18.43%
10.32%
56.64%
56.64%
13.87%

41.92%
10.01%
17.95%
10.07%
59.89%
59.89%
14.29%

>20.00%
<50.00%
<75.00%

100.00%
0.00%
92.55%

100.00%
0.00%
80.49%

100.00%
0.00%
69.67%

100.00%
0.00%
61.33%

100.00%
0.00%
54.63%

100.00%
0.00%
48.51%

100.00%
0.00%
43.36%

100.00%
0.00%
40.11%