Bank

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

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 )

T&ME - 1

Name:

Sl. No. NAME OF BANK / FINANCIALNATURE OF FACILITY INSTITUTION

EXISTING EXTENT TO WHICH LIMITS BAL.O/S LIMITS NOW LIMITS WERE UTILISED DURING AS ON REQUESTED LAST 12 MONTHS 31st March, 2008 2008 - 2009 MAX. MIN.

A. WORKING CAPITAL LIMITS: FUND BASED NON FUND BASED

B. TERM LOANS/DPGS EXCLUDING WORKING CAPITAL TERM LOANS

TOTAL CREDIT MONITORING ARRANGEMENT

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 Annual makeup of A/c (Date of B/S) Name of Bank/finan cial Instn.

( Rs.in Lakhs ) Limits from all Banks and fincial institutions Working Capital Non-fund Based Term loan & DPG Overdues,if any

Funds Based

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM II : OPERATING STATEMENT Name: Page 1 As per Profit & Loss account actuals/ estimates for the year ended/ending LAST 2 YEARS ACTUALS AS PER AUDITED ACCOUNTS 31.03.2006 31.03.2007 (1) (2) Raw Material Consumption quantity Sales quantity ACTUALS ESTIMATES ESTIMATES ESTIMATES 31.03.2008 (3) 31.03.2009 (4) 31.03.2010 (5) 31.03.2011 (6) (Amount Rs. In Lakhs)

Total 1) GROSS INCOME: I) Sales (net of returns) a) Domestic Sales b) Export Sales 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)

0.000

0.000

0.000

0.000

0.000

0.000

0.00%

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0.00%

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM II : OPERATING STATEMENT Name: Page 2 As per Profit & Loss account actuals/ estimates for the year ended/ending LAST 2 YEARS ACTUALS AS PER AUDITED ACCOUNTS 31.03.2006 31.03.2007 (1) (2) 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 ) 3. SELLING, GENERAL & ADMINISTRATIVE EXPENSES 4. OPERATING PROFIT BEFORE INTEREST[1(III) - 2(XI) - 3] 5. INTEREST AND FINANCIAL CHARGES - Interest on Working Capital - Interest on Term Loan 7. OPERATING PROFIT AFTER INTEREST [4 - 5 - 6] 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 (II) 9. PROFIT BEFORE TAX / (LOSS) [7 + 8(III)] 10. PROVISION FOR TAXES 11. NET PROFIT/LOSS (9-10) PBT to Sales % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! ACTUALS ESTIMATES ESTIMATES ESTIMATES 31.03.2008 (3) #DIV/0! 31.03.2009 (4) #DIV/0! 31.03.2010 (5) #DIV/0! 31.03.2011 (6) #DIV/0! (Amount Rs. In Lakhs)

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM II : OPERATING STATEMENT Name: Page 3 As per Profit & Loss account actuals/ estimates for the year ended/ending LAST 2 YEARS ACTUALS AS PER AUDITED ACCOUNTS 31.03.2006 31.03.2007 (1) (2) 12. (a) Equity Dividend Paid (b) Dividend Rate 13. RETAINED PROFIT (11-12) 14. RETAINED PROFIT/NET PROFIT (%AGE) [13 / 11] 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)] ACTUALS ESTIMATES ESTIMATES ESTIMATES 31.03.2008 (3) 31.03.2009 (4) 31.03.2010 (5) 31.03.2011 (6) (Amount Rs. In Lakhs)

100.00

100.00

100.00

100.00

100.00

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM - III : ANALYSIS OF BALANCE SHEET Name: Page 4 As per Profit & Loss account actuals/ estimates for the year ended/ending LAST 2 YEARS ACTUALS AS PER AUDITED ACCOUNTS 31.03.2006 31.03.2007 (1) (2) 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] ACTUALS ESTIMATES ESTIMATES ESTIMATES 31.03.2008 (3) 31.03.2009 (4) 31.03.2010 (5) 31.03.2011 (6) (Amount Rs. In Lakhs)

(-) (-)

(-) -

(-) -

(-) -

(-) -

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM - III : ANALYSIS OF BALANCE SHEET Name: Page 5 As per Profit & Loss account actuals/ estimates for the year ended/ending LAST 2 YEARS ACTUALS AS PER AUDITED ACCOUNTS 31.03.2006 31.03.2007 (1) (2) 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 ) ACTUALS ESTIMATES ESTIMATES ESTIMATES 31.03.2008 (3) 31.03.2009 (4) 31.03.2010 (5) 31.03.2011 (6) (Amount Rs. In Lakhs)

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM - III : ANALYSIS OF BALANCE SHEET Name: Page 6 As per Profit & Loss account actuals/ estimates for the year ended/ending LAST 2 YEARS ACTUALS AS PER AUDITED ACCOUNTS 31.03.2006 31.03.2007 (1) (2) 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) ACTUALS ESTIMATES ESTIMATES ESTIMATES 31.03.2008 (3) 31.03.2009 (4) 31.03.2010 (5) 31.03.2011 (6) (Amount Rs. In Lakhs)

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM - III : ANALYSIS OF BALANCE SHEET Name: Page 7 As per Profit & Loss account actuals/ estimates for the year ended/ending LAST 2 YEARS ACTUALS AS PER AUDITED ACCOUNTS 31.03.2006 31.03.2007 (1) (2) FIXED ASSETS 35. Gross Block (land, building, machinery, furniture, fittings & vehicles) 36. Depreciation to date 37. NET BLOCK (35-36) 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 ACTUALS ESTIMATES ESTIMATES ESTIMATES 31.03.2008 (3) 31.03.2009 (4) 31.03.2010 (5) 31.03.2011 (6) (Amount Rs. In Lakhs)

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM - IV : COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES Name: Page 8 As per Profit & Loss account actuals/ estimates for the year ended/ending LAST 2 YEARS ACTUALS AS PER AUDITED ACCOUNTS 31.03.2006 31.03.2007 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) 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 ) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! ACTUALS ESTIMATES ESTIMATES ESTIMATES 31.03.2008 31.03.2009 31.03.2010 31.03.2011 (Amount Rs. In Lakhs)

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM - V : COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL [MPBF] Name: Page 9 31.03.2007 LAST YEAR ACTUALS (1) METHOD OF LENDING: I 1. TOTAL CURRENT ASSETS (9 in Form -IV) 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) 6. Item 3 minus Item 4 7. Item 3 minus Item 5 8. Maximum permissible bank finance [MPBF] (Item 6 or 7 whichever is lower) 9. Excess borrowings representing shortfall in NWC (4-5) #DIV/0! #DIV/0! #DIV/0! #DIV/0! Contd10 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! As per Balance Sheet as at 31.03.2008 31.03.2009 31.03.2010 31.03.2011 CURRENT FOLLOWINGFOLLOWING FOLLOWING YEAR YEAR YEAR YEAR ACTUALS ESTIMATES ESTIMATES ESTIMATES (2) (3) (4) (5) (Amount Rs. In Lakhs)

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS FORM VI : FUNDS FLOW STATEMENT Name: Page 10 31.03.2007 LAST YEAR ACTUALS (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 31.03.2008 31.03.2009 31.03.2010 31.03.2011 CURRENT FOLLOWING FOLLOWING FOLLOWING YEAR YEAR YEAR YEAR ACTUALS ESTIMATES ESTIMATES ESTIMATES (2) (3) (4) (5) (Amount Rs. In Lakhs)

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS RATIO ANALYSIS Name: Page 11 As per Profit & Loss account actuals/ estimates for the year ended/ending LAST 2 YEARS ACTUALS AS PER AUDITED ACCOUNTS 31.03.2006 31.03.2007 (1) (2) ACTUALS ESTIMATES ESTIMATES ESTIMATES 31.03.2008 (3) 31.03.2009 (4) 31.03.2010 (5) 31.03.2011 (6)

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) LIQUIDITY RATIOS: Current Ratio Acid Test Ratio Bank Finance to WCG Ratio LEVERAGE RATIOS: Debt Equity Ratio TOL / TNW Debt-Assets Ratio Fixed Assets Coverage Interest Coverage Ratio 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) 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

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

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>1.33 >1.00 <0.75

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<2.00 <3.00 <0.60 <0.60 >2.00

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

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

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>20.00% <50.00% <75.00%

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