ASSESSMENT OF WORKING CAPITAL REQUIREMENT

FORM - 1
SARTHAK CONTRACTS PRIVATE LIMITED

Particular of existing/ proposed limit from the Banking system

(Limit from all Banks and Financial instituations as on date of application)

Sr. Name of Bank/ Nature of Existing Extent to which limits Balance o/s Limits now
No. Financial Institution facility Limits were utilised during as on requested
the last 12 months.
Max. Min.
(1) (2) (3) (4) (5) (6) (7) (8)
A. WORKING CAPITAL LIMITS

FUND BASED C.C/O.D. 50.00 50.00

Non Fund Base B.G. 0.00 200.00

Sr. Name of Bank/ Sanction Outstanding Overdues Remark

No. Financial Instituation Limit as on if any

B. TERM LOAN/ DPGS :

(Excldg. Working capital term loans)

 SARTHAK CONTRACTS PRIVATE LIMITED
ASSESSMENT OF WORKING CAPITAL REQUIREMENT

FORM II OPERATING STATEMENT

(Amount Rs. In
Lacs)

I II II IV
Audited Provisional Projected Projected
31.03.2009 31.03.2010 31.03.2011 31.03.2012

(1) (2) (3) (4)

1 Gross Sales

i) Domestic Sales 724.38 1125.00 1265.00 1392.00

ii) Export Sales 0.00 0.00 0.00 0.00

Total 724.38 1125.00 1265.00 1392.00

2 Less Excise Duty 0.00 0.00 0.00 0.00

3 Net Sales ( 1-2) 724.38 1125.00 1265.00 1392.00

4 % age rise (+) or fall (-) in -- 55.31% 12.44% 10.04%

net sales as compared
previous year.

5 Cost of Sales

i) Raw Material ( including

stores and other items
used in the process
manufacture)

a) Imported
b) Indigenous 486.58 786.50 837.50 922.00

ii) Other Spares

a) Imported
b) Indigenous 0.00 0.00 0.00 0.00

iii) Power & Fuel 0.91 0.62 0.68 0.75

iv) Direct Labour 148.75 281.25 297.00 327.00

(Wages & Labour Charges)
v) Other Direct Expenses 1.30 1.32 1.45 1.60

vi) Depreciation 3.11 4.01 4.61 6.52

SUB-TOTAL ( i to vi) 640.65 1073.70 1141.24 1257.87

vii) Add : Opening Stock in 0.00 0.00 0.00 0.00

Process.
viii) Deduct: Closing Stock in 0.00 0.00 0.00 0.00
Process.

Sub – total 640.65 1073.70 1141.24 1257.87

 ix) Deduct : Closing stock 3.15 67.50 70.00 72.50
Finished Goods

x) Cost of production. 637.50 1006.20 1071.24 1185.37

xi) Add : Opening Stock of 0.65 3.15 67.50 70.00

finished goods.
xii) SUB TOTAL (Total cost 638.15 1009.35 1138.74 1255.37
of sales)
6 Selling , general and
administrative expenses. 51.72 67.78 74.10 81.49

7 SUB-TOTAL ( 5+8) 689.87 1077.13 1212.84 1336.86

8 Operating profit before interest 34.51 47.87 52.16 55.14

(3-7)

9 Interest 0.00 3.93 3.75 3.61

10 Operating profit after interest 34.51 43.94 48.40 51.53

(8-9)

11 (I) Add : Other non operating 0.13 5.50 4.20 4.20

income
(a) Interest on FDR's
(b)

Sub Total (income) 0.13 5.50 4.20 4.20

(II) Deduct other non operating 0.00 0.00 0.00

expenses.
(a)
(b)

SUB TOTAL (Expenses) 0.00 0.00 0.00 0.00

(III) Net of other non-operating 0.13 5.50 4.20 4.20

income/expenses
(Net of II (I) & II (ii)

12 Profit before tax / loss 34.64 49.44 52.60 55.73

10+11 (iii)
13 Provision for taxes 1.47 14.83 15.78 16.72

14 Net profit/ loss (12-13) 33.17 34.61 36.82 39.01

15 (a) Equity dividend paid N.A. N.A. N.A. N.A.

(b) Dividend/ Profit N.A. N.A. N.A. N.A.
16 Retained profit ( 14-15) 33.17 34.61 36.82 39.01

17 Retained Profit/ Net profit (% age) 100% 100% 100% 100%

 FORM III

ANALYSIS OF BALANCE SHEET

SARTHAK CONTRACTS PRIVATE LIMITED
(Amount
Rs. In Lacs)

LIABILITIES I II II IV
Audited Provisional Projected Projected
31.03.2009 31.03.2010 31.03.2011 31.03.2012

CURRENT LIABILITIES (1) (2) (3) (4)

1 Short term borrowings from
banks (incld. Bills purchased ,
discounted & excess borrow-
ings placed on repayment
basis)

i) From application bank 0.00 50.00 50.00 50.00

ii) From other banks 0.00 0.00 0.00 0.00
iii) (of which BP & BD)

Sub – total (A) 0.00 50.00 50.00 50.00

2 Short term borrowings from

others. 0.00 0.00 0.00 0.00
3 Sundry Creditors (Trade) 237.07 239.50 242.00 246.50
4 Advance payment from cus-
tomers/ deposits from dealers. 0.00 0.00 0.00 0.00
5 Provision for taxation. 1.42 14.83 15.78 16.72
6 Dividend payable.
7 Other statutory liabilities. 0.00 0.00 0.00 0.00
( due within one year)
8 Deposits/ instalments of term
loans /DPGs / debenture etc 3.07 1.67 1.35 1.49
( due within one year)
9 Other current liabilities & 3.21 5.00 6.00 8.00
provisions (due within
one year)
(Specify major items)
Sub – total (B) 244.77 261.00 265.13 272.71

10 TOTAL CURRENT LIABILITIES

( Total 1 to 9) 244.77 311.00 315.13 322.71
 SARTHAK CONTRACTS PRIVATE LIMITED

TERM LIABILITIES
11 Debenture (not maturing
within one year)
12 Preference Shares
(redeemable after one year)
13 Term Loan (excluding instalments 34.75 34.42 33.39 31.76
payable within one year) (Housing
Loan)
14 Deferred payment credits 0.05 0.05 0.05 0.05
excldg. Instalments due
within one year.
15 Term deposits (repayable 0.00 0.00 0.00 0.00
after one year)
0.00 0.00 0.00 0.00
16 Other term liabilities 0.00 0.00 0.00 0.00
17 TOTAL TERM LIABILITIES
( Total of 11 to 16) 34.80 34.47 33.44 31.81
18 TOTAL OUTSIDE LIABILITIES
( 10 + 17) 279.57 345.48 348.57 354.52

NET WORTH

19 Share Capital 76.19 76.19 76.19 76.19

20 Share Application 0.00 0.00 0.00 0.00
21 Unsecured Loan 34.92 45.80 45.80 45.80
22 General Reserve & Surplus 3.23 37.84 74.66 113.67
23 Revaluation reserve
24 Other reserves ( excluding
provisions)
25 Surplus (+) or deficit (-) in 0.00 0.00 0.00 0.00
profit & loss account)
26 NET WORTH 114.34 159.83 196.65 235.66
27 TOTAL LIABILITIES
( 18 + 26) 393.91 505.30 545.22 590.17

0.00 0.00 0.00 0.00

 FORM III (CONTINUED)

ANALYSIS OF BALANCE SHEET

SARTHAK CONTRACTS PRIVATE LIMITED

ASSETS I II II IV
Audited Provisional Projected Projected
31.03.2009 31.03.2010 31.03.2011 31.03.2012

CURRENT ASSETS (1) (2) (3) (4)

28 Cash & bank balance 13.40 2.02 4.10 5.32

29 Investments (other than long term
investments)
(i) Government & other Trustee 0.00 0.00 0.00 0.00
securities
(ii) Fixed deposits with banks. 62.34 60.00 60.00 60.00

30 (I) Receivables other than deferred 106.27 242.00 251.00 270.00

& exports (incldg. Bills purchased
& discounted by banks)

(ii) Export receivables (incldg.

bills purchased/ discounted
by banks.) 0.00 0.00 0.00 0.00

31 Instalments of deferred receivable

(due within one yr.) 0.00 0.00 0.00 0.00

32 Inventory
(I) Raw material (incldg. Stores
& other items used in the
process of manufacture)
a) Imported
b) Indigenous 0.00 0.00 0.00 0.00
(ii) Stocks in process 0.00 0.00 0.00 0.00
(iii) Finished Goods 3.14 67.50 70.00 72.50
(iv) Other consumable spares
a) Imported
b) Indigenous 0.00 0.00 0.00 0.00

33 Advances to suppliers of raw. 0.00 0.00 0.00 0.00

materials & stores/spares.

34 Advances payment of taxes 15.93 14.83 15.78 16.72

35 Other current assets 125.40 46.00 65.00 71.00

(SD, EMD, Advance's & Other
 (Specify major items)
36 TOTAL CURRENT ASSETS
(Total of 26 to 35) 326.48 432.35 465.88 495.54
 FIXED ASSETS

37 Gross Block (land & building 45.91 76.66 87.76 109.67

machinery, work in progress)

38 Depreciation to date 3.11 4.01 8.62 15.14

39 NET BLOCK (37-38) 42.80 72.65 79.14 94.53

OTHER NON CURRENT ASSETS

40 Investments/ book debts/ advances

deposits, which are not current
assets.
(I) a) Investments to subsidiary 0.00 0.00 0.00 0.00
companies/ affiliates.
b) Others 0.00 0.00 0.00 0.00
(ii) Advances to suppliers of
capital goods & contractors.
(iii) Deferred receivables
(Maturity exceeding one yr.)
(iv) Others (Office at jaipur) 24.23 0.00 0.00 0.00

41 Non consumable store & spares 0.00 0.00 0.00 0.00

42 Other non current assets incldg. 0.00 0.00 0.00 0.00

dues from directors.

43 Total other non current assets

(Total of 40 to 42) 24.23 0.00 0.00 0.00

44 Intangible assets (patents, goodwill 0.40 0.30 0.20 0.10

prelim. Expenses, bad / doubtful
debts not provided for etc.

45 TOTAL ASSETS
(Total of 36, 39, 43 & 44) 393.91 505.30 545.22 590.17

46 TANGIBLE NET WORTH (26-44) 113.94 159.53 196.45 235.56

47 NET WORKING CAPITAL

[(17+26)-(39+43+44)]
Totally with 34-10) 81.71 121.35 150.75 172.83

48 Current Ratio (items 34 : 10) 1.33 1.39 1.48 1.54

49 Total outside liabilities/ tangible

Net Worth 18 : 44) 2.45 2.17 1.77 1.51

ADDITIONAL INFORMATION
(A) Arrears of depreciation
(B) Contigent liabilities :
(I) Arrears of cumulative 0.00 0.00 0.00 0.00
dividend.
(ii) Gratuity liability not provided 0.00 0.00 0.00 0.00
for
(iii) Disputed excise/ customs/ 0.00 0.00 0.00 0.00
tax liabilities
(iv) Other liabilities 0.00 0.00 0.00 0.00
 FORM IV
COMPARATIVE STATEMENT OF
CURRNET ASSETS & CURRNET LIABILITIES
SARTHAK CONTRACTS PRIVATE LIMITED
(Amount
Rs. In Lacs)

I II II IV
Audited Provisional Projected Projected
31.03.2009 31.03.2010 31.03.2011 31.03.2012

(1) (2) (3) (4)

A. CURRENT ASSETS

1) Raw Materials (incldg. Stores &

other items used in the process
of manufacture)
(a) Imported
Month's consumption
(b) Indigenous 0.00 0.00 0.00 0.00
Daily consumption 0 0 0 0
(Days) (Days) (Days) (Days)
2) Other consumables spares,
excluding those, including in one
above.
(a) Imported
Month's consumption
(b) Indigenous 0.00 0.00 0.00 0.00
Month's consumption

3) Stocks in process 0.00 0.00 0.00 0.00

Months cost of production

4) Finished goods 3.14 67.50 70.00 72.50

Daily cost of sales 2 24 22 21
(Days) (Days) (Days) (Days)

5) Receivables other than export 106.27 242.00 251.00 270.00

& deferred receivables (incldg. 54 79 72 71
bills purchased & discounted (Days) (Days) (Days) (Days)
by bankers)
Days domestic sales excluding
deferred payment sales :

6) Export receivables (incldg. Bills

purchased and discounted)
Month's export sales :
7) Advances to suppliers of raw 0.00 0.00 0.00 0.00
materials & stores/ spares,
consumables.

8) Other current assets incldg. Cash 217.07 122.85 144.88 153.04

and bank balances and deferred
receivables due within one year.
(Specify major items)

9) TOTAL CURRENT ASSETS

(To agree with item 34 in form III) 326.48 432.35 465.88 495.54

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- - -
 FORM IV (CONTINUED)

COMPARATIVE STATEMENT OF
CURRNET ASSETS & CURRNET LIABILITIES
SARTHAK CONTRACTS PRIVATE LIMITED
(Amount
Rs. In Lacs)

I II II IV
Audited Provisional Projected Projected
31.03.2009 31.03.2010 31.03.2011 31.03.2012

B CURRENT LIABILITIES
(Other than bank borrowings (1) (2) (3) (4)
for working capital)

10 Creditors for purchase of raw

materials, stores & consumable
spares 237.07 239.50 242.00 246.50
Months purchases : 178 111 105 98
(Days) (Days) (Days) (Days)
11 Advances from customers 0.00 0.00 0.00 0.00

12 Statutory liabilities 1.42 14.83 15.78 16.72

13 Other current liabilities (specify 6.28 6.67 7.35 9.49

major items) short term borrowings
unsecured loans, dividend payable
instalment of TL, DPG, public
deposits, debenture etc.

14 TOTAL

(To agree with sub total B form

III) 244.77 261.00 265.13 272.71
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- - -
 FORM V

COMPUTATION OF MAXIMUM PERMISSIBLE

BANK FINANCE FOR WORKING CAPITAL
SARTHAK CONTRACTS PRIVATE LIMITED
(Amount
Rs. In Lacs)

I II II IV
Audited Provisional Projected Projected
31.03.2009 31.03.2010 31.03.2011 31.03.2012

(1) (2) (3) (4)

1 Total current Assets 326.48 432.35 465.88 495.54

(9 in form IV)

2 Other current liabilities 244.77 261.00 265.13 272.71

(Other than bank borrowing)
(14 of Form IV)

3 Working Capital Gap (WCG) 81.71 171.35 200.75 222.83

(1 - 2 )

4 Min. stipulated net working 20.43 42.84 50.19 55.71

capital I.e. 25% WCG/ 25%
of total current assets as the
case may be depending upon
the method of lending being
applied. (Export receivables
to be excluded under both method)

5 Actual/ projected net working 81.71 121.35 150.75 172.83

capital (45 in form III)

6 Item 3 minus item 4 61.28 128.51 150.56 167.12

7 Item 3 minus item 5 0.00 50.00 50.00 50.00

8 Maximum permissible bank 0.00 50.00 50.00 50.00

finance (item 6 or 7 whichever
is lower)

9 Excess borrowings representing 0.00 0.00 0.00 0.00

short fall in NWC.
(4-5)