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M/S RAJ HOME APPLIANCES
CMA DATA (Rs in lacs)
ASSESSMENT OF SHORT TERM BANK CREDIT
FORM-II:OPERATING STATEMENT Audited Audited Projected Projected Projected
YEAR ENDING ---> Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
1.Gross sales
i. Domestic Sales 794.31 762.13 1190.87 1429.04 1714.85
ii.Export sales 0.00 0.00 0.00 0.00 0.00
Total (i.+ii.) 794.31 762.13 1190.87 1429.04 1714.85
2.Less Excise Duty 0.00 0.00 0.00 0.00 0.00
3.Net Sales (1-2) 794.31 762.13 1190.87 1429.04 1714.85
4.% rise(+) or fall(-) in net sales as NA -4.05 56.26 20.00 20.00
compared to previous year
5.Cost of Sales
i.Raw materials includ.stores & other items used
d.Add: Purchase(Indigenous) 523.49 556.21 948.57 1108.28 1349.94
h.Consumption(Indigenous) (b+d-f) 523.49 556.21 948.57 1108.28 1349.94
i. Sub Total (g+h) 523.49 556.21 948.57 1108.28 1349.94
iii.Power and fuel 9.85 20.13 31.40 37.68 45.22
iv.Direct Labour(factory wages & salaries) 29.48 20.99 32.74 39.29 47.15
v.Other manufacturing expenes 31.60 33.62 80.45 116.54 159.84
vi.Depreciation 16.85 18.81 16.26 13.81 11.74
vii.Sub Toal (i to vi) 611.27 649.76 1109.42 1315.61 1613.90
viii.Add: Opening Stock-in-process 0.00 0.00 0.00 0.00 0.00
ix.Less: Closing Stock-in-process 0.00 0.00 0.00 0.00 0.00
x.Cost of Production (vii+viii-ix) 611.27 649.76 1109.42 1315.61 1613.90
xi.Add: Opening stock of finished goods 200.85 109.10 75.55 125.00 144.63
xii.Less: Closing stock of finished goods 109.10 75.55 158.84 215.59 292.60
xiii. Cost of Sales (x+xi-xii) 703.02 683.31 1026.13 1225.02 1465.93
6.Selling, general & administrative expenses 62.72 48.37 100.46 120.55 144.66
7.Operating Profit before Interest (3-xiii-6) 28.57 30.45 64.28 83.48 104.27
8.Interest 22.33 26.78 32.14 37.56 44.08
9.Operating Profit after interest (7-8) 6.24 3.67 32.15 45.91 60.19
10.Add: Non-Operative Income XX XX XX XX XX
i. 2.18 6.36 8.45 8.87 9.32
ii. 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
11.Less:Non-OperativeExpenses XX XX XX XX XX
I. Preliminary expenses written off 0.00 0.00 0.00 0.00 0.00
ii. 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
12.Profit before Tax (9+10-11) 8.42 10.03 40.60 54.79 69.51
13.Provision for Tax 0.00 0.00 13.53 18.26 23.17
14.Net Profit (12-13) 8.42 10.03 27.06 36.52 46.34
15.Equity Dividend Paid (incld. Dividend tax) 0.00 0.00 0.00 0.00 0.00
Dividend rate( % ) 0.00 0.00 0.00 0.00 0.00
16.Retained Profit 8.42 10.03 27.06 36.52 46.34
17.Retained Profit/Net Profit % 100.00 100.00 100.00 100.00 100.00

1
CMA DATA (Rs in crores)
ASSESSMENT OF SHORT TERM BANK CREDIT
FORM-II:OPERATING STATEMENT Audited Audited Projected Projected Projected
YEAR ENDING ---> Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
1.Gross sales
i. Domestic Sales 7.94 7.62 11.91 14.29 17.15
ii.Export sales 0.00 0.00 0.00 0.00 0.00
Total (i.+ii.) 7.94 7.62 11.91 14.29 17.15
2.Less Excise Duty 0.00 0.00 0.00 0.00 0.00
3.Net Sales (1-2) 7.94 7.62 11.91 14.29 17.15
4.% rise(+) or fall(-) in net sales as NA -4.05 56.26 20.00 20.00
compared to previous year
5.Cost of Sales
i.Raw materials includ.stores & other items used
a.Opening balance (Imported) 0.00 0.00 0.00 0.00 0.00
b.Opening balance(Indigenous) 0.00 0.00 0.00 0.00 0.00
c.Add: Purchase(Imported) 0.00 0.00 0.00 0.00 0.00
d.Add: Purchase(Indigenous) 5.23 5.56 9.49 11.08 13.50
e.Less: Closiing Balance(Imported) 0.00 0.00 0.00 0.00 0.00
f.Less:Closing Balance(Indigenous) 0.00 0.00 0.00 0.00 0.00
g.Consumption(Imported) (a+c-e) 0.00 0.00 0.00 0.00 0.00
h.Consumption(Indigenous) (b+d-f) 5.23 5.56 9.49 11.08 13.50
i. Sub Total (g+h) 5.23 5.56 9.49 11.08 13.50
ii.Other spares
a. Imported 0.00 0.00 0.00 0.00 0.00
b.Indigenous 0.00 0.00 0.00 0.00 0.00
iii.Power and fuel 0.10 0.20 0.31 0.38 0.45
iv.Direct Labour(factory wages & salaries) 0.29 0.21 0.33 0.39 0.47
v.Other manufacturing expenes 0.32 0.34 0.80 1.17 1.60
vi.Depreciation 0.17 0.19 0.16 0.14 0.12
vii.Sub Toal (i to vi) 6.11 6.50 11.09 13.16 16.14
viii.Add: Opening Stock-in-process 0.00 0.00 0.00 0.00 0.00
ix.Less: Closing Stock-in-process 0.00 0.00 0.00 0.00 0.00
x.Cost of Production (vii+viii-ix) 6.11 6.50 11.09 13.16 16.14
xi.Add: Opening stock of finished goods 2.01 1.09 0.76 1.25 1.45
xii.Less: Closing stock of finished goods 1.09 0.76 1.59 2.16 2.93
xiii. Cost of Sales (x+xi-xii) 7.03 6.83 10.26 12.25 14.66
6.Selling, general & administrative expenses 0.63 0.48 1.00 1.21 1.45
7.Operating Profit before Interest (3-xiii-6) 0.29 0.30 0.64 0.83 1.04
8.Interest 0.22 0.27 0.32 0.38 0.44
9.Operating Profit after interest (7-8) 0.06 0.04 0.32 0.46 0.60
10.Add: Non-Operative Income
i. 0.02 0.06 0.08 0.09 0.09
ii. 0.00 0.00 0.00 0.00 0.00
11.Less:Non-OperativeExpenses
I. 0.00 0.00 0.00 0.00 0.00
ii. 0.00 0.00 0.00 0.00 0.00
12.Profit before Tax (9+10-11) 0.08 0.10 0.41 0.55 0.70
13.Provision for Tax 0.00 0.00 0.14 0.18 0.23
14.Net Profit (12-13) 0.08 0.10 0.27 0.37 0.46
15.Equity Dividend Paid (incld. Dividend tax) 0.00 0.00 0.00 0.00 0.00
Dividend rate( % ) 0.00 0.00 0.00 0.00 0.00
16.Retained Profit 0.08 0.10 0.27 0.37 0.46
17.Retained Profit/Net Profit % 100.00 100.00 100.00 100.00 100.00

2
M/S RAJ HOME APPLIANCES
CMA DATA
FORM III:ANALYSIS OF BALANCE SHEET (Rs in lacs)
LIABILITIES Audited Audited Projected Projected Projected
CURRENT LIABILITIES : Year ending ----> Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
1.Short-term borrowings from banks includ.bills
purchased, discounted & excess borrowings.
a.from applicant bank 142.80 137.44 83.19 170.00 170.00
b.from other banks
c.(of which BP & BD)
Sub Total (A) (a+b) 142.80 137.44 83.19 170.00 170.00
2.Short term borowings from others 48.36 21.77 23.95 26.34 28.98
3.Sundry Creditors(trade) 227.94 186.48 240.45 288.54 346.25
4.Advance payment from customers/deposit
from dealers 0.00 0.00 0.00 0.00 0.00
5.Provision for taxation 0.00 0.00 0.00 0.00 0.00
6.Dividend payable 0.00 0.00 0.00 0.00 0.00
7.Other statutory liability(due within one year) 0.98 0.81 22.83 25.11 27.62
8.Deposit/Debentures/Instalment of Term Loan/
DPG etc ( due within one year) 0.00 0.00 0.00 0.00 0.00
9.Other Current Liabilities and provisions
(due within one year) 3.78 2.71 2.48 2.52 2.30
Sub Total (B) (2 to 9) 281.06 211.77 289.71 342.51 405.15
10.Total Current Liabilities (A+B) 423.86 349.21 372.90 512.51 575.15

Term Liabilities
11.Debentures (not maturing within one year) 0.00 0.00 0.00 0.00 0.00
12.Preference Shares 0.00 0.00 0.00 0.00 0.00
13.Term Loan (excluding instalments payable
within one year) 24.71 14.71 4.41 0.00 0.00
14 Deferred payment credits(excluding
instalments payable within one year) 0.00 0.00 0.00 0.00 0.00
15.Term Deposits(repayable after one year) 0.00 0.00 0.00 0.00 0.00
16.Other long Term Liabilities 0.00 0.00 0.00 0.00 0.00
17.Total Term Liabilities 24.71 14.71 4.41 0.00 0.00

18.Total Outside Liabilities 448.57 363.92 377.31 512.51 575.15

NET WORTH
19.Ordinary share capital 128.59 139.67 160.04 189.57 227.91
20.General Reserve 0.00 0.00 0.00 0.00 0.00
21.Revaluation Reserve 0.00 0.00 0.00 0.00 0.00
22.Other Reserves(excluding provisions) 0.00 0.00 0.00 0.00 0.00
Unsecured loan considered as Quasi Capital 0.00 0.00 0.00 0.00 0.00
23.Surplus(+) or deficit(-) in Profit & Loss A/C 0.00 0.00 0.00 0.00 0.00
24.Net Worth (19 to 23) 128.59 139.67 160.04 189.57 227.91
Deferred Tax Liability
25.Total Liabilities (18+24) 577.16 503.59 537.35 702.08 803.05
 (Rs in crores)
CMA DATA
FORM III:ANALYSIS OF BALANCE SHEET
LIABILITIES Audited Audited Projected Projected Projected
CURRENT LIABILITIES : Year ending ----> Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
1.Short-term borrowings from banks includ.bills
purchased, discounted & excess borrowings.
a.from applicant bank 1.43 1.37 0.83 1.70 1.70
b.from other banks 0.00 0.00 0.00 0.00 0.00
c.(of which BP & BD)
Sub Total (A) (a+b) 1.43 1.37 0.83 1.70 1.70
2.Short term borowings from others 0.48 0.22 0.24 0.26 0.29
3.Sundry Creditors(trade) 2.28 1.86 2.40 2.89 3.46
4.Advance payment from customers/deposit
from dealers. 0.00 0.00 0.00 0.00 0.00
5.Provision for taxation 0.00 0.00 0.00 0.00 0.00
6.Dividend payable 0.00 0.00 0.00 0.00 0.00
7.Other statutory liability(due within one year) 0.01 0.01 0.23 0.25 0.28
8.Deposit/Debentures/Instalment of Term Loan/
DPG etc ( Due within one year) 0.00 0.00 0.00 0.00 0.00
9.Other Current Liabilities and provisions
(due within one year) 0.04 0.03 0.02 0.03 0.02
Sub Total (B) (2 to 9) 2.81 2.12 2.90 3.43 4.05
10.Total Current Liabilities (A+B) 4.24 3.49 3.73 5.13 5.75

Term Liabilities
11.Debentures (not maturing within one year) 0.00 0.00 0.00 0.00 0.00
12.Preference Shares 0.00 0.00 0.00 0.00 0.00
13.Term Loan (excluding instalments payable
within one year) 0.25 0.15 0.04 0.00 0.00
14.Deferred payment credits(excluding
instalments payable within one year) 0.00 0.00 0.00 0.00 0.00
15.Term Deposits(repayable after one year) 0.00 0.00 0.00 0.00 0.00
16.Other Term Liabilities 0.00 0.00 0.00 0.00 0.00
17.Total Term Liabilities 0.25 0.15 0.04 0.00 0.00

18.Total Outside Liabilities 4.49 3.64 3.77 5.13 5.75

NET WORTH
19.Ordinary share capital 1.29 1.40 1.60 1.90 2.28
20.General Reserve 0.00 0.00 0.00 0.00 0.00
21.Revaluation Reserve 0.00 0.00 0.00 0.00 0.00
22.Other Reserves(excluding provisions) 0.00 0.00 0.00 0.00 0.00
Unsecured loan considered as Quasi Capital 0.00 0.00 0.00 0.00 0.00
23.Surplus(+) or deficit(-) in Profit & Loss A/C 0.00 0.00 0.00 0.00 0.00
24.Net Worth (19 to 23) 1.29 1.40 1.60 1.90 2.28
Deferred Tax Liability 0.00 0.00 0.00 0.00 0.00
25.Total Liabilities (18+24) 5.77 5.04 5.37 7.02 8.03
0
M/S RAJ HOME APPLIANCES
CMA DATA
FORM III:ANALYSIS OF BALANCE SHEET (Rs in lacs)
ASSETS Audited Audited Projected Projected Projected
CURRENT ASSETS Year Ending --> Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
26.Cash & Bank bal. (incld margin on LC/Gtee) 19.12 37.91 12.01 18.50 22.10
27.Investment (other than long term)
a.Govt and other trustee securities 0.00 0.00 0.00 0.00 0.00
b. Fixed deposit with banks 0.00 0.00 0.00 0.00 0.00
28.a.Receivables other than deferred&export(incld.
BP/BD ) but excluding receivables above 6 months 270.19 204.18 210.82 321.62 352.67
b. Export receivables (including BP/BD) 0.00 0.00 0.00 0.00 0.00
29.Instalments under deferred receivables
(due within one year) 0.00 0.00 0.00 0.00 0.00
30.Inventory a.Raw Materials-imported 0.00 0.00 0.00 0.00 0.00
b.Raw Materials-indigenous 0.00 0.00 0.00 0.00 0.00
c.Stock in process 0.00 0.00 0.00 0.00 0.00
d.Finished goods 109.10 75.55 158.84 215.59 292.60
e.Other consumable spares-imported 0.00 0.00 0.00 0.00 0.00
f.Other consumable spares-indigenous 0.00 0.00 0.00 0.00 0.00
31.Advances to suppliersof RM & Stores/spares 1.15 19.84 20.48 22.40 18.61
32.Advance payment of taxes 54.93 50.98 37.84 39.62 43.59
33.Other curent assets 3.04 6.31 5.11 5.92 6.80
34.Total Current Assets (26 to 33) 457.53 394.77 445.10 623.65 736.37
FIXED ASSETS
35.Gross Block 136.48 127.63 108.51 92.25 78.43
36.Depreciation to date 16.85 18.81 16.26 13.82 11.74
37.Net Block (35-36) 119.63 108.82 92.25 78.43 66.69
OTHER NON-CURRENT ASSETS
38.Investment/book debts/advances/deposits
which are not current assets.
a.Investment in subsidiary/affiliates 0.00 0.00 0.00 0.00 0.00
b.Investment in others 0.00 0.00 0.00 0.00 0.00
c.Advances to supplier of capital goods & contractors 0.00 0.00 0.00 0.00 0.00
d.Deffered receivables(maturity > 1 Yr) 0.00 0.00 0.00 0.00 0.00
e.Others(Loan&Advances to group companies) 0.00 0.00 0.00 0.00 0.00
39.Non-consumable stores and spares 0.00 0.00 0.00 0.00 0.00
40.Other Non-current Assets including- 0.00 0.00 0.00 0.00 0.00
a. dues from the directors 0.00 0.00 0.00 0.00 0.00
b.receivables more than 6 months old 0.00 0.00 0.00 0.00 0.00
41.Total Other Non-Current Assets(38 to 40) 0.00 0.00 0.00 0.00 0.00
42.Intangible assets(patents,goodwill,preliminary
expenses, bad/doubtful debts etc not provided for)
43.Total assets (34+37+41+42) 577.16 503.59 537.35 702.08 803.06
Assets & Liability mis-match, if any 0.00 0.00 0.00 0.00 0.00
44.Tangible Net Worth(TNW) (24-42) 128.59 139.67 160.04 189.57 227.91
45.Net Working Capital (NWC) (34-10) 33.67 45.56 72.21 111.14 161.22
46.Current Ratio (CR) (34/10) 1.08 1.13 1.19 1.22 1.28
47Total Outsideliability/Tang.NetWorth(TOL/TNW) 3.49 2.61 2.36 2.70 2.52
Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
48.Current Assets/Gross Sales % 57.60 51.80 37.38 43.64 42.94
 (Rs in crores)
CMA DATA
FORM III:ANALYSIS OF BALANCE SHEET
ASSETS Audited Audited Projected Projected Projected
CURRENT ASSETS Year Ending --> Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
26.Cash & Bank bal. (incld margin on LC/Gtee) 0.19 0.38 0.12 0.19 0.22
27.Investment (other than long term)
a.Govt and other trustee securities 0.00 0.00 0.00 0.00 0.00
b. Fixed deposit with banks 0.00 0.00 0.00 0.00 0.00
28.a.Receivables other than deferred & export(incld.
BP/BD ) but excluding receivables above 6 months 2.70 2.04 2.11 3.22 3.53
b. Export receivables(including BP/BD) 0.00 0.00 0.00 0.00 0.00
29.Instalments under deferred receivables
(due within one year) 0.00 0.00 0.00 0.00 0.00
30.Inventory a.Raw Materials-imported 0.00 0.00 0.00 0.00 0.00
b.Raw Materials-indigenous 0.00 0.00 0.00 0.00 0.00
c.Stock in process 0.00 0.00 0.00 0.00 0.00
d.Finished goods 1.09 0.76 1.59 2.16 2.93
e.Other consumable spares-imported 0.00 0.00 0.00 0.00 0.00
f.Other consumable spares-indigenous 0.00 0.00 0.00 0.00 0.00
31.Advances to suppliersof RM & Stores/spares 0.01 0.20 0.20 0.22 0.19
32.Advance payment of taxes 0.55 0.51 0.38 0.40 0.44
33.Other curent assets 0.03 0.06 0.05 0.06 0.07
34.Total Current Assets (26 to 33) 4.58 3.95 4.45 6.24 7.36
FIXED ASSETS
35.Gross Block 1.36 1.28 1.09 0.92 0.78
36.Depreciation to date 0.17 0.19 0.16 0.14 0.12
37.Net Block (35-36) 1.20 1.09 0.92 0.78 0.67
OTHER NON-CURRENT ASSETS 0.00 0.00 0.00 0.00 0.00
38.Investment/book debts/advances/deposits
which are not current assets.
a.Investment in subsidiary/affiliates 0.00 0.00 0.00 0.00 0.00
b.Investment in others 0.00 0.00 0.00 0.00 0.00
c.Advances to supplier of capital goods & contractors 0.00 0.00 0.00 0.00 0.00
d.Deffered receivables(maturity > 1 Yr) 0.00 0.00 0.00 0.00 0.00
e.Others(Loan&Advances to group companies) 0.00 0.00 0.00 0.00 0.00
39.Non-consumable stores and spares 0.00 0.00 0.00 0.00 0.00
40.Other Non-current Assets including- 0.00 0.00 0.00 0.00 0.00
a. dues from the directors 0.00 0.00 0.00 0.00 0.00
b.receivables more than 6 months old 0.00 0.00 0.00 0.00 0.00
41.Total Other Non-Current Assets(38 to 40) 0.00 0.00 0.00 0.00 0.00
42.Intangible assets(patents,goodwill,preliminary
expenses, bad/doubtful debts etc not provided for) 0.00 0.00 0.00 0.00 0.00
43.Total assets (34+37+41+42) 5.77 5.04 5.37 7.02 8.03
Assets & Liability mis-match, if any 0.00 0.00 0.00 0.00 0.00
44.Tangible Net Worth(TNW) (24-42) 1.29 1.40 1.60 1.90 2.28
45.Net Working Capital (NWC) (34-10) 0.34 0.46 0.72 1.11 1.61
46.Current Ratio (CR) (34/10) 1.08 1.13 1.19 1.22 1.28
47Total Outsideliability/Tang.NetWorth(TOL/TNW) 3.49 2.61 2.36 2.70 2.52
48.Current Assets/Gross Sales % 57.60 51.80 37.38 43.64 42.94
M/S RAJ HOME APPLIANCES (Rs in lacs)
ANNEXURE V Audited Audited Projected Projected Projected
ASSESSMENT OF SHORT TERM CREDIT: Mar '15 Mar'16 Mar '17 Mar '18 Mar '19

Gross Annual Sales (A) 794.31 762.13 1190.87 1429.04 1714.85

Total Current Assets on the above dates :

45% of A (Gross annual sales) 357.44 342.96 535.89 643.07 771.68
Projected Current Assets 457.53 394.77 445.10 623.65 736.37
a) 45% of A or Projected Current Assets (B-1) 357.44 342.96 445.10 623.65 736.37
whichever is less.
CA/Sales% Mar 2006-%
Mar 2007-%
Mar 2008-%
Mar 2009-%
b) Highest level in the past 3 years in (B-2)
terms of sales ( CA to Sales% )
c) B-2 X A (B-3) 0.00 0.00 0.00 0.00 0.00

Projection of Current Assets for working (B-4) 0.00 0.00 0.00 0.00 0.00
Capital limits ( B-1 OR B-3 whichever is lower)

Net working capital on projected date :

a) 25% of B-4 - minus annual maturing ( C-1) 0.00 0.00 0.00 0.00 0.00
term liabilities.
b) 16.66% of B-4 (C-2) 0.00 0.00 0.00 0.00 0.00
c) Projected as per balance sheet (C-3) 33.67 45.56 72.21 111.14 161.22

Projection of NWC ( C-1, C-2,C-3 (C -4) 33.67 45.56 72.21 111.14 161.22
whichever is higher. )

Other Current liabilities Projected (D) 281.06 211.77 289.71 342.51 405.15

Fund Based Working Capital Limit -314.73 -257.33 -361.91 -453.65 -566.37
[ B4 - (C4+D)]
Actual Borrowing 142.80 137.44 83.19 170.00 170.00
Excess Borrowing 457.53 394.77 445.10 623.65 736.37
M/S RAJ HOME APPLIANCES
(Rs in lacs)
COMPARATIVE STATEMENT OF : Audited Audited Projected Projected Projected
YR Ending--> Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
CURRENT ASSETS
1.Raw materials ( incld. Stores & other items
used in the process of manufacture)
a) Imported 0.00 0.00 0.00 0.00 0.00
(months consumption) 0.00 0.00 0.00 0.00 0.00
b) Indigenous 0.00 0.00 0.00 0.00 0.00
(months consumption) 0.00 0.00 0.00 0.00 0.00
2. Others consumables spares, excld those
included in 1 above.
a) Imported 0.00 0.00 0.00 0.00 0.00
(months consumption) 0.00 0.00 0.00 0.00 0.00
b) Indigenous 0.00 0.00 0.00 0.00 0.00
(months consumption) 0.00 0.00 0.00 0.00 0.00
3. Stocks in process 0.00 0.00 0.00 0.00 0.00
( months cost of production) 0.00 0.00 0.00 0.00 0.00
4. Finished Goods 109.10 75.55 158.84 215.59 292.60
( months cost of sales) 1.86 1.33 1.86 2.11 2.40
5.Receivables other than export & deferred
receivables (incld. Bills purchased &
discounted by banks excld. Deferred
payment sales) 270.19 204.18 210.82 321.62 352.67
(months domestic sales) 4.08 3.21 2.12 2.70 2.47
6. Export receivables( incld.Bills purchased/disc) 0.00 0.00 0.00 0.00 0.00
7. Advances to suppliers of RM & Stores/spares
& consumables. 1.15 19.84 20.48 22.40 18.61
8. Other current assets incld. Cash & bank
balances & deferred receivables due within
one year(specify major items) 77.09 95.20 54.96 64.04 72.49
9. TOTAL CURRENT ASSETS 457.53 394.77 445.10 623.65 736.37
DIFFERENCE IF ANY? 0.00 0.00 0.00 0.00 0.00
CURRENT LIABILITY OTHER THAN (Rs in lacs)
WC BANK BORROWINGS:
10 Creditors for purchase of raw materials,
stores& consumables spares. 227.94 186.48 240.45 288.54 346.25
(months purchase) 5.23 4.02 3.04 3.12 3.08
11. Advances from customers. 0.00 0.00 0.00 0.00 0.00
12.Statutory liabilities 0.98 0.81 22.83 25.11 27.62
13. Other current liability( specify major items)
Other ST borrowing,unsecured loan. Dividend
payable, instalment of TL, DPG, Public
deposits, debentures etc) 52.14 24.48 26.43 28.86 31.28
14. Total Current Liability other than
Bank Borrowings. 281.06 211.77 289.71 342.51 405.15
DIFFERENCE IF ANY? 0.00 0.00 0.00 0.00 0.00
 (Rs in crores)
COMPARATIVE STATEMENT OF : Audited Audited Projected Projected Projected
YR Ending--> Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
CURRENT ASSETS
1.Raw materials ( incld. Stores & other items
used in the process of manufacture)
a) Imported 0.00 0.00 0.00 0.00 0.00
(months consumption) 0.00 0.00 0.00 0.00 0.00
b) Indigenous 0.00 0.00 0.00 0.00 0.00
(months consumption) 0.00 0.00 0.00 0.00 0.00
2. Others consumables spares, excld those
included in 1 above.
a) Imported 0.00 0.00 0.00 0.00 0.00
(months consumption) 0.00 0.00 0.00 0.00 0.00
b) Indigenous 0.00 0.00 0.00 0.00 0.00
(months consumption) 0.00 0.00 0.00 0.00 0.00
3. Stocks in process 0.00 0.00 0.00 0.00 0.00
( months cost of production) 0.00 0.00 0.00 0.00 0.00
4. Finished Goods 1.09 0.76 1.59 2.16 2.93
( months cost of sales) 1.86 1.33 1.86 2.11 2.40
5.Receivables other than export & deferred
receivables (incld. Bills purchased &
discounted by banks excld. Deferred
payment sales) 2.70 2.04 2.11 3.22 3.53
(months domestic sales) 4.08 3.21 2.12 2.70 2.47
6. Export receivables( incld.Bills purchased/disc) 0.00 0.00 0.00 0.00 0.00
7. Advances to suppliers of RM & Stores/spares
& consumables. 0.01 0.20 0.20 0.22 0.19
8. Other current assets incld. Cash & bank
balances & deferred receivables due within
one year(specify major items) 0.77 0.95 0.55 0.64 0.72
9. TOTAL CURRENT ASSETS 4.58 3.95 4.45 6.24 7.36
DIFFERENCE IF ANY? 0.00 0.00 0.00 0.00 0.00
CURRENT LIABILITY OTHER THAN (Rs in crores)
WC BANK BORROWINGS:
10 Creditors for purchase of raw materials,
stores& consumables spares. 2.28 1.86 2.40 2.89 3.46
(months purchase) 5.23 4.02 3.04 3.12 3.08
11. Advances from customers. 0.00 0.00 0.00 0.00 0.00
12.Statutory liabilities 0.01 0.01 0.23 0.25 0.28
13. Other current liability( specify major items)
Other ST borrowing,unsecured loan. Dividend
payable, instalment of TL, DPG, Public
deposits, debentures etc) 0.52 0.24 0.26 0.29 0.31
14. Total Current Liability other than
Bank Borrowings. 2.81 2.12 2.90 3.43 4.05
DIFFERENCE IF ANY? 0.00 0.00 0.00 0.00 0.00
M/S RAJ HOME APPLIANCES
(Rs in lacs)
Audited Audited Projected Projected Projected
Year Ending ---> Mar '15 Mar'16 Mar '17 Mar '18 Mar '19

Paid up Capital 128.59 139.67 160.04 189.57 227.91

Reserves & Surplus 0.00 0.00 0.00 0.00 0.00
Unsecured Loan treated as Quasi Capital 0.00 0.00 0.00 0.00 0.00
Intangible Assets, Deferred Tax assets,
Deferred Revenue expenditure, if any. 0.00 0.00 0.00 0.00 0.00
Tangible Net Worth 128.59 139.67 160.04 189.57 227.91
Deferred Tax Liability 0.00 0.00 0.00 0.00 0.00
Long Term Liabilities 24.71 14.71 4.41 0.00 0.00
Capital Employed 577.16 503.59 537.35 702.08 803.05
Net Block 119.63 108.82 92.25 78.43 66.69
Investments 0.00 0.00 0.00 0.00 0.00
Non-Current Assets (excluding investments) 0.00 0.00 0.00 0.00 0.00
Net Working Capital 33.67 45.56 72.21 111.14 161.22
Current Assets 457.53 394.77 445.10 623.65 736.37
Current Liabilities 423.86 349.21 372.90 512.51 575.15
Current Ratio ( excluding AMTL) 1.08 1.13 1.19 1.22 1.28
Debt Equity Ratio ( Including AMTL) 0.19 0.11 0.03 0.00 0.00
TOL / TNW 3.49 2.61 2.36 2.70 2.52
Net Sales 794.31 762.13 1190.87 1429.04 1714.85
Other income (Non-operating Net) 2.18 6.36 8.45 8.87 9.32
Net Profit before Tax 8.42 10.03 40.60 54.79 69.51
Net Profit after Tax 8.42 10.03 27.06 36.52 46.34
Depreciation 16.85 18.81 16.26 13.81 11.74
Cash Accruals 25.27 28.84 43.32 50.33 58.08
DSCR
M/S RAJ HOME APPLIANCES
(Rs in lacs)
ASSESSMENT UNDER TURNOVER METHOD:
Audited Audited Projected Projected Projected
Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
1. Accepted Turnover 794.31 762.13 1190.87 1429.04 1714.85
2. Eligible MPBF @ 20% of accepted turnover 158.86 152.43 238.17 285.81 342.97
3. Required NWC @ 5% of accepted turnover. 39.72 38.11 59.54 71.45 85.74
4. Actual / Projected NWC as per CMA 33.67 45.56 72.21 111.14 161.22
5. Excess NWC , if any ( 4 - 3 ) -6.05 7.45 12.66 39.69 75.48
6. Eligible MPBF as per Turnover Method ( 2 - 5) 164.91 144.97 225.51 246.12 267.49

*However, HO/SMEDD vide its circular 87/2000-01 dated 13.10.2000 permitted us to assume margin at
5% of sales.The additional NWC available may be used by the company towards addition of capital assets
or other long term requirements as well as additional funds in book debts of more than 6 months duration.

(Rs in lacs)
ASSESSMENT UNDER MPBF-II Audited Audited Projected Projected Projected
YR Ending - > Mar '15 Mar'16 Mar '17 Mar '18 Mar '19

A. Projected Gross Current Assets 457.53 394.77 445.10 623.65 736.37

(to be in line with past actuals or any variation
should be justified)
B. Current Liabilities other than Bank 281.06 211.77 289.71 342.51 405.15
Borrowings & excluding AMTL.
C. Working Capital Gap ( A-B) 176.47 183.00 155.40 281.14 331.22
D. 25% Margin on Gross Current Assets 114.38 98.69 111.28 155.91 184.09
(excluding export receivables.)
E. Actual / Projected NWC 33.67 45.56 72.21 111.14 161.22
( excluding AMTL)
F. Working Capital Gap - Margin ( C-D) 62.09 84.31 44.12 125.23 147.13
G. Working Capital Gap - NWC ( C-E) 142.80 137.44 83.19 170.00 170.00
H. Maximum Permissible Bank Finance 62.09 84.31 44.12 125.23 147.13
( F OR G Whichever is lower)
M/S RAJ HOME APPLIANCES
(Rs in lacs)
Drawing Power Assessment : Audited Audited Projected Projected Projected
Mar '15 Mar'16 Mar '17 Mar '18 Mar '19
Inventory a. Raw Materials-imported 0.00 0.00 0.00 0.00 0.00
b. Raw Materials-indigenous 0.00 0.00 0.00 0.00 0.00
c. Stock in process 0.00 0.00 0.00 0.00 0.00
d. Finished goods 109.10 75.55 158.84 215.59 292.60
e. Other consumable spares-imported 0.00 0.00 0.00 0.00 0.00
f. Other consumable spares-indigenous 0.00 0.00 0.00 0.00 0.00
Less: a. Sundry Creditors (trade) 227.94 186.48 240.45 288.54 346.25
b. Advances received from customers 0.00 0.00 0.00 0.00 0.00
c. Accepted LC liability
Amount of Paid Stocks -118.84 -110.93 -81.61 -72.95 -53.65
Less: Margin on stocks @ 25% 0.00 0.00 0.00 0.00 0.00
Advance value on stocks (1) -118.84 -110.93 -81.61 -72.95 -53.65
Receivables other than deferred& export
upto 90 days. 270.19 204.18 210.82 321.62 352.67
Receivables other than deferred & export
above 90 days & upto 180 days. 0
Less: Margin on receivable upto 90 days @ 25% 67.55 51.05 52.71 80.41 88.17
Less: Margin on receivable > 90 days & <180 days
@ 50% 0.00 0.00 0.00 0.00 0.00
Advance value on Receivables (2) 202.64 153.14 158.12 241.22 264.51
Advance value on Stocks & Receivables ( 1+2) 83.80 42.21 76.51 168.27 210.86
Actual / Projected balance in Account 142.80 137.44 83.19 170.00 170.00
Excess, if any.(Positive value) 59.00 95.24 6.68 1.73 -40.86