Page 1of 16 Assessment of Working Capital Requirements Rs.

in Lakhs

FORM II : OPERATING STATEMENT

Name: DBS ENGINEERS

Current Year
Actuals as per audited accounts Following years Projected
Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11

1 Gross Income
a Sales (net of returns)
i Domestic Sales 2,329,323.00 2,685,992.00 5,014,560.00 8,000,000.00 12,000,000.00 16,000,000.00 20,000,000.00 24,000,000.00 28,000,000.00 32,000,000.00 36,000,000.00
ii Export Sales - - - - - - - - - - -
T1 Sub-total [ a(i+ii) ] 2,329,323.00 2,685,992.00 5,014,560.00 8,000,000.00 12,000,000.00 16,000,000.00 20,000,000.00 24,000,000.00 28,000,000.00 32,000,000.00 36,000,000.00
iii Less: Excise Duty - - - - - - - - - - -
T2 Net Sales [ T1-iii ] 2,329,323.00 2,685,992.00 5,014,560.00 8,000,000.00 12,000,000.00 16,000,000.00 20,000,000.00 24,000,000.00 28,000,000.00 32,000,000.00 36,000,000.00
iv % rise or fall in sales turnover [compared to previous year] {0.00%} {15.31%} {86.69%} {59.54%} {50.00%} {33.33%} {25.00%} {20.00%} {16.67%} {14.29%} {12.50%}
b Other Income
i Other Income - 8,139.00 - - - - - - - - -
T3 Total Other income [ b(i to iv) ] - 8,139.00 - - - - - - - - -

T4 Total Gross Income [ T2+T3 ] 2,329,323.00 2,694,131.00 5,014,560.00 8,000,000.00 12,000,000.00 16,000,000.00 20,000,000.00 24,000,000.00 28,000,000.00 32,000,000.00 36,000,000.00

2 Cost of Production & Cost of Sales

a Raw Materials [Including Stores and other
items used in the process of manufacture)
i Imported - - - - - - - - - - -
ii Indegenous 1,570,381.00 1,528,223.00 3,460,046.00 4,137,886.00 6,603,504.00 9,245,126.00 12,406,540.00 15,518,900.00 18,979,546.00 22,954,782.00 26,187,456.00
T5 sub-total [ a(i+ii) ] 1,570,381.00 1,528,223.00 3,460,046.00 4,137,886.00 6,603,504.00 9,245,126.00 12,406,540.00 15,518,900.00 18,979,546.00 22,954,782.00 26,187,456.00
b Other Consumable Spares
i Imported - - - - - - - - - - -
ii Indegeneous - - - - - - - - - - -
T6 sub-total [ b(i+ii) ] - - - - - - - - - - -
c Direct Expenses
i Direct Exps 229,500.00 121,500.00 133,650.00 412,000.00 465,000.00 495,500.00 515,500.00 545,600.00 595,600.00 635,456.00 647,856.00
ii Power & Fuel 17,377.00 14,500.00 15,950.00 63,800.00 96,019.00 144,750.00 185,450.00 222,540.00 267,048.00 300,457.00 334,549.00
iii Salary & Wages - - 62,500.00 187,500.00 384,375.00 485,600.00 568,521.00 648,425.00 745,688.75 837,542.06 946,173.37
iv Other Manufacturing Exps - - - 141,560.00 492,629.00 756,412.00 957,841.00 1,385,123.00 1,491,337.00 1,597,498.00 1,785,998.00
x Depreciation 25,674.00 37,787.00 799,274.00 1,431,600.00 1,216,860.00 1,045,210.00 845,978.00 745,123.00 670,610.70 603,549.63 543,194.67
T7 Total Direct Expenses [ c(i to x) ] 272,551.00 173,787.00 1,011,374.00 2,236,460.00 2,654,883.00 2,927,472.00 3,073,290.00 3,546,811.00 3,770,284.45 3,974,502.69 4,257,771.04
T8 sub-total [ T5+T6+T7 ] 1,842,932.00 1,702,010.00 4,471,420.00 6,374,346.00 9,258,387.00 12,172,598.00 15,479,830.00 19,065,711.00 22,749,830.45 26,929,284.69 30,445,227.04
d Add : Opening stock of W.I.P. - - - - - - - - - - -
T9 Sub-total [ T8+2(d) ] 1,842,932.00 1,702,010.00 4,471,420.00 6,374,346.00 9,258,387.00 12,172,598.00 15,479,830.00 19,065,711.00 22,749,830.45 26,929,284.69 30,445,227.04
e Less : Closing Stock W.I.P. - - - - - - - - - - -
T10 Total Cost of Production [ T9-2(e) ] 1,842,932.00 1,702,010.00 4,471,420.00 6,374,346.00 9,258,387.00 12,172,598.00 15,479,830.00 19,065,711.00 22,749,830.45 26,929,284.69 30,445,227.04
f Add : Opening stock of Finished Goods 339,422.00 438,306.00 76,914.00 118,825.00 483,560.00 681,820.00 774,560.00 945,874.00 985,124.00 785,124.00 884,578.00
T11 sub-total [ T10+2(f) ] 2,182,354.00 2,140,316.00 4,548,334.00 6,493,171.00 9,741,947.00 12,854,418.00 16,254,390.00 20,011,585.00 23,734,954.45 27,714,408.69 31,329,805.04
g Less : Closing Stock of Finished Goods 438,306.00 76,914.00 118,825.00 483,560.00 681,820.00 774,560.00 945,874.00 985,124.00 785,124.00 884,578.00 978,512.00
T12 Total Cost of Sales [ T11-2(g) ] 1,744,048.00 2,063,402.00 4,429,509.00 6,009,611.00 9,060,127.00 12,079,858.00 15,308,516.00 19,026,461.00 22,949,830.45 26,829,830.69 30,351,293.04
Page 2of 16 Assessment of Working Capital Requirements Rs. in Lakhs

FORM II : OPERATING STATEMENT

Name: DBS ENGINEERS

Current Year
Actuals as per audited accounts Following years Projected
Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11

3 General, Administrative & Selling Expenses

i 100,932.00 139,456.00 153,401.00 201,102.00 690,305.00 989,546.00 1,254,600.00 1,411,247.00 1,411,247.00 1,411,247.00 1,411,247.00
T13 Total General, Administrative &
Selling Expenses [ 3(i to x) ] 100,932.00 139,456.00 153,401.00 201,102.00 690,305.00 989,546.00 1,254,600.00 1,411,247.00 1,411,247.00 1,411,247.00 1,411,247.00

4 Operating Profit before Interest [ T4-T12-T13 ] 484,343.00 491,273.00 431,650.00 1,789,287.00 2,249,568.00 2,930,596.00 3,436,884.00 3,562,292.00 3,638,922.55 3,758,922.31 4,237,459.96

5 Finance Charges
i Interest - - 57,000.00 635,115.00 516,804.00 475,746.00 436,541.00 401,236.00 401,236.00 401,236.00 401,236.00
T14 Total Finance Charges [ 5(i to v) ] - - 57,000.00 635,115.00 516,804.00 475,746.00 436,541.00 401,236.00 401,236.00 401,236.00 401,236.00

6 Operating Profit after Interest [ 4-T14 ] 484,343.00 491,273.00 374,650.00 1,154,172.00 1,732,764.00 2,454,850.00 3,000,343.00 3,161,056.00 3,237,686.55 3,357,686.31 3,836,223.96

7 Non-Operating Income
i - - - - - - - - - - -
T15 Total Non-Operating Income [ 7(i to iii) ] - - - - - - - - - - -

8 Non-Operating Expenses
i - - - - - - - - - - -
9 T16 Total Non-Operating Expenses [ 8(i to iii) ] - - - - - - - - - - -
T17 Net Non-Operating Income (+) /
Expenses (-) [ T15-T16 ] - - - - - - - - - - -

10 Net Profit before Tax / (Loss) PBT [ 6+/(-)T17 ] 484,343.00 491,273.00 374,650.00 1,154,172.00 1,732,764.00 2,454,850.00 3,000,343.00 3,161,056.00 3,237,686.55 3,357,686.31 3,836,223.96
11 Provision for Taxes - - - - - - - - - - -
12 Net Profit / Loss after Tax PAT [ 10-11 ] 484,343.00 491,273.00 374,650.00 1,154,172.00 1,732,764.00 2,454,850.00 3,000,343.00 3,161,056.00 3,237,686.55 3,357,686.31 3,836,223.96
PAT to Net Sales % [ 12/T2 ] % {20.79%} {18.29%} {7.47%} {14.43%} {14.44%} {15.34%} {15.00%} {13.17%} {11.56%} {10.49%} {10.66%}

13 Equity Dividend & Dividend Tax - - - - - - - - - - -

Dividend Rate % {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%}
Dividend Distribution Tax % {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%} {0.00%}
14 Retained Profit [ 12-13 ] 484,343.00 491,273.00 374,650.00 1,154,172.00 1,732,764.00 2,454,850.00 3,000,343.00 3,161,056.00 3,237,686.55 3,357,686.31 3,836,223.96
15 Retained Profit / PAT % [ 14/12 ] % {100.00%} {100.00%} {100.00%} {100.00%} {100.00%} {100.00%} {100.00%} {100.00%} {100.00%} {100.00%} {100.00%}
 Assessment of Working Capital Requirements Rs. in Lakhs

FORM III : ANALYSIS OF BALANCE SHEET

Name: DBS ENGINEERS

Current Year
Actuals as per audited accounts Following years Projected
Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
Current Liablities
1 Short term borrowings
a from Banks (including bills purchased, discounted
& excess borrowings placed on repayment basis)
i from Applicant Bank - - - 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00
ii from Other Banks - - - - - - - - - - -
T1 sub-total [ a(i + ii) ] - - - 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00
of which BP & BD
iii from Applicant Bank {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00}
iv from Other Banks {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00}
T2 sub-total [ b(iii + iv) ] - - - - - - - - - - -
T3 Total short term borrowings from banks T1 - - - 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00
b from Others
i Sundry Trade Creditors - Indigenous 999,127.00 830,351.00 1,086,370.00 968,813.00 1,065,093.00 1,456,478.00 1,978,451.00 2,441,547.00 2,665,784.00 2,987,451.00 3,114,523.00
ii Sundry Trade Creditors - Import - - - - - - - - - - -
iii Advance payments from Customers /
Deposits from Dealers / Stockists - - - - - - - - - - -
iv Provision for Taxation 20,715.00 149,419.00 124,960.00 112,560.00 217,450.00 315,412.00 375,124.00 412,145.00 441,145.00 479,145.00 514,145.00
v Dividend payable - - - - - - - - - - -
vi Other Statutory Liabilities (due within 1 year) - - - - - - - - - - -
vii Deposits / Debentures / Instalments of Term
Loans / DPGs etc. (due within 1 year) - - - 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00
T4 Total short term borrowings from others [ b(i to vii) ] 1,019,842.00 979,770.00 1,211,330.00 2,581,373.00 2,782,543.00 3,271,890.00 3,853,575.00 4,353,692.00 4,606,929.00 4,966,596.00 5,128,668.00
2 Other Current Liabilities and Provisions
(due within one year-specify major items )
i - - - - - - - - - - -
ii - - - - - - - - - - -
iii - - - - - - - - - - -
iv - - - - - - - - - - -
v - - - - - - - - - - -
T5 sub-total [ 2(i to v) ] - - - - - - - - - - -
T6 Current Liabilities excl. bank borrowings [ T4+T5 ] 1,019,842.00 979,770.00 1,211,330.00 2,581,373.00 2,782,543.00 3,271,890.00 3,853,575.00 4,353,692.00 4,606,929.00 4,966,596.00 5,128,668.00
T7 Total Current Liabilities [ T3+T6 ] 1,019,842.00 979,770.00 1,211,330.00 10,081,373.00 10,282,543.00 10,771,890.00 11,353,575.00 11,853,692.00 12,106,929.00 12,466,596.00 12,628,668.00

3 Term Liabilities
a Debentures (maturing after 1 year) - - - - - - - - - - -
b Preference Shares (redeemable after 1 year) - - - - - - - - - - -
c Term loans (repayable after 1 year) 123,345.00 - - 7,113,186.00 6,282,425.00 5,369,214.00 4,365,368.00 3,261,893.00 2,048,901.00 715,523.00 315,210.00
d Deferred Payment Credits (repayable after 1 year) - - - - - - - - - - -
e Term deposits (repayable after 1 year) - - - - - - - - - - -
f Other term liabilities
i Unsecured Loans - - - - - - - - - - -
ii - - - - - - - - - - -
T8 Total Term Liabilities [ 3(a to f) ] 123,345.00 - - 7,113,186.00 6,282,425.00 5,369,214.00 4,365,368.00 3,261,893.00 2,048,901.00 715,523.00 315,210.00
T9 Total Outside Liabilities [ T7+T8 ] 1,143,187.00 979,770.00 1,211,330.00 17,194,559.00 16,564,968.00 16,141,104.00 15,718,943.00 15,115,585.00 14,155,830.00 13,182,119.00 12,943,878.00

4 Net Worth
a Capital 423,336.00 212,905.00 1,399,839.00 1,927,620.00 2,526,320.00 3,124,510.00 3,645,120.00 4,125,410.00 4,756,214.00 5,245,689.00 5,684,153.00
b General reserve - - - - - - - - - - -
c Revaluation Reserve - - - - - - - - - - -
d Other reserves (excluding provisions) - 484,342.00 975,615.00 1,478,523.00 1,604,437.00 2,314,512.00 3,104,512.00 4,451,200.00 4,289,563.00 4,789,563.00 5,145,236.00
e Surplus (+) or deficit (-) in P & L A/c 484,343.00 491,273.00 728,650.00 1,154,172.00 1,732,764.00 2,454,850.00 3,000,343.00 3,507,951.00 3,984,512.00 4,125,635.00 4,512,563.00
f Others
 Assessment of Working Capital Requirements Rs. in Lakhs

FORM III : ANALYSIS OF BALANCE SHEET

Name: DBS ENGINEERS

Current Year
Actuals as per audited accounts Following years Projected
Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
i Unsecured loan from Relativies 998,000.00 1,058,000.00 1,845,000.00 2,245,000.00 1,345,000.00 1,141,200.00 754,120.00 645,120.00 419,328.00 272,563.20 177,166.08
ii Capital Redemption Reserve - - - - - - - - - - -
iii - - - - - - - - - - -
iv - - - - - - - - - - -
v - - - - - - - - - - -
T10 Net Worth [ 4(a to f) ] 1,905,679.00 2,246,520.00 4,949,104.00 6,805,315.00 7,208,521.00 9,035,072.00 10,504,095.00 12,729,681.00 13,449,617.00 14,433,450.20 15,519,118.08
T11 Total Liabilities [ T9+T10 ] 3,048,866.00 3,226,290.00 6,160,434.00 23,999,874.00 23,773,489.00 25,176,176.00 26,223,038.00 27,845,266.00 27,605,447.00 27,615,569.20 28,462,996.08
Page 5 of 16 Assessment of Working Capital Requirements Rs. in Lakhs

FORM III : ANALYSIS OF BALANCE SHEET

Name: DBS ENGINEERS

Current Year
Actuals as per audited accounts Following years Projected
Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
Current Assets
5 Cash and bank balances 151,804.00 462,721.00 151,255.00 3,025,093.00 3,327,602.00 3,645,147.00 4,025,478.00 4,567,843.00 5,070,305.00 5,628,039.00 6,247,123.00
6 Investments - - - - - - - - - - -
[other than long term Investments]
i Government & other trustee securities - - - - - - - - - - -
ii Fixed deposits with Banks & Others - - - - - - - - - - -
T12 sub-total [ 6(i+ii) ] - - - - - - - - - - -
7 i Receivables other than deferred & exports 1,662,040.00 1,497,093.00 1,103,203.00 1,852,000.00 2,942,000.00 3,125,452.00 3,345,122.00 3,725,124.00 4,095,123.00 4,451,246.00 4,895,412.00
[Including bills purchased & discounted
by bankers]
ii Export receivables (Including bills - - - - - - - - - - -
purchased/discounted by bankers)
T13 sub-total [ 7(i+ii) ] 1,662,040.00 1,497,093.00 1,103,203.00 1,852,000.00 2,942,000.00 3,125,452.00 3,345,122.00 3,725,124.00 4,095,123.00 4,451,246.00 4,895,412.00
8 Instalments under deferred receivables - - - - - - - - - - -
(due within one year)
9 Inventory
a Raw Materials [Including Stores and other
items used in the process of manufacture)
i Imported - - - - - - - - - - -
ii Indigeneous - - - - - - - - - - -
b Work [ Stock ] in Process - - - - - - - - - - -
c Finished Goods 438,306.00 76,914.00 118,825.00 483,560.00 681,820.00 774,560.00 945,874.00 985,124.00 785,124.00 884,578.00 978,512.00
d Goods in Transit - - - - - - - - - - -
e Other consumable spares
i Imported - - - - - - - - - - -
ii Indigeneous - - - - - - - - - - -
T14 sub-total [ 9(a to e) ] 438,306.00 76,914.00 118,825.00 483,560.00 681,820.00 774,560.00 945,874.00 985,124.00 785,124.00 884,578.00 978,512.00
10 Advances to suppliers of of raw materials /
stores & spares - - - - - - - - - - -
11 Advance payment of taxes - - - - - - - - - - -
12 Other current assets [specify major items]
i Loans,Advances & Deposits 25,746.00 224,763.00 1,092,626.00 764,838.00 543,501.00 514,231.00 491,512.00 4,745,625.00 4,621,456.00 4,145,256.00 3,874,563.00
ii - - - - - - - - - - -
iii - - - - - - - - - - -
iv - - - - - - - - - - -
v - - - - - - - - - - -
T15 sub-total [ 12(i to v) ] 25,746.00 224,763.00 1,092,626.00 764,838.00 543,501.00 514,231.00 491,512.00 4,745,625.00 4,621,456.00 4,145,256.00 3,874,563.00

T16 Total Current Assets [ 5 to 12 ] 2,277,896.00 2,261,491.00 2,465,909.00 6,125,491.00 7,494,923.00 8,059,390.00 8,807,986.00 14,023,716.00 14,572,008.00 15,109,119.00 15,995,610.00

13 Fixed Assets
i Gross Block 796,759.00 1,028,259.00 11,043,259.00 14,043,259.00 11,043,259.00 11,043,259.00 11,043,259.00 11,043,259.00 11,043,259.00 11,043,259.00 11,043,259.00
ii Depreciation to date 25,674.00 37,787.00 862,735.00 1,431,600.00 1,216,860.00 1,034,331.00 879,181.35 747,304.15 635,208.53 539,927.25 458,938.16
T17 Net Block [ 13(i-ii) ] 771,085.00 990,472.00 10,180,524.00 12,611,659.00 9,826,399.00 10,008,928.00 10,164,077.65 10,295,954.85 10,408,050.47 10,503,331.75 10,584,320.84
Page 6 of 16 Assessment of Working Capital Requirements Rs. in Lakhs

FORM III : ANALYSIS OF BALANCE SHEET

Name: DBS ENGINEERS

Current Year
Actuals as per audited accounts Following years Projected
Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
Other Non-Current Assets
14 Investments / book debts /advances /
deposits which are non-current
a Investments in subsidiary
companies / affiliates - - - - - - - - - - -
b Other investments - - - - - - - - - - -
c Advances to suppliers of
capital goods and contractors - - - - - - - - - - -
d Deferred receivables
[maturity exceeding one year] - - - - - - - - - - -
e Security deposits / Tender Deposits - - - - - - - - - - -
f Others
i Receivables exceeding one year - - - - - - - - - - -
ii - - - - - - - - - - -
iii - - - - - - - - - - -
T18 sub-total [ 14(a to f) ] - - - - - - - - - - -
15 Obsolete Stocks - - - - - - - - - - -
16 Non-consumable consumables & spares - - - - - - - - - - -
17 Other non-current assets - - - - - - - - - - -
(Including dues from directors)
T19 Total Other Non-Current Assets [ 14 to 17 ] - - - - - - - - - - -

18 Intangible assets - - - - - - - - - - -
(Patents, Goodwill, Preliminary Expenses,
Bad / Doubtful Debts not provided for etc)

T20 Total Assets [ T16+T17+T19+18 ] 3,048,981.00 3,251,963.00 12,646,433.00 18,737,150.00 17,321,322.00 18,068,318.00 18,972,063.65 24,319,670.85 24,980,058.47 25,612,450.75 26,579,930.84

T21 Tangible Net Worth [ T10-18 ] 1,905,679.00 2,246,520.00 4,949,104.00 6,805,315.00 7,208,521.00 9,035,072.00 10,504,095.00 12,729,681.00 13,449,617.00 14,433,450.20 15,519,118.08
T22 Net Working Capital [ T16-T7 ] 1,258,054.00 1,281,721.00 1,254,579.00 3,544,118.00 4,712,380.00 4,787,500.00 4,954,411.00 9,670,024.00 9,965,079.00 10,142,523.00 10,866,942.00
19 Current Ratio [ T14/T4 ] 2.23 2.31 2.04 2.37 2.69 2.46 2.29 3.22 3.16 3.04 3.12
20 Total Outside Liabilities/
Tangible Net Worth [ T9/T21 ] 0.60 0.44 0.24 2.53 2.30 1.79 1.50 1.19 1.05 0.91 0.83
21 Total Term Liabilities/
Tangible Net Worth [ T8/T21 ] 0.06 - - 1.05 0.87 0.59 0.42 0.26 0.15 0.05 0.02

22 Additional Information
a Arrears of depreciation - - - - - - - - - - -
b Contingent Liabilities :
i Arrears of cumulative dividends - - - - - - - - - - -
ii Gratuity liability not provided for - - - - - - - - - - -
iii Disputed excise/customs tax liabilities - - - - - - - - - - -
iv Bills accepted / guarnatees extended to
accommodate associate / sister concerns /
other third parties - - - - - - - - - - -
 Assessment of Working Capital Requirements Rs. in Lakhs

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

Name: DBS ENGINEERS

Current Year
Actuals as per audited accounts Following years Projected
Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
CURRENT ASSETS
1 Raw Materials [Including Stores and other
items used in the process of manufacture)
i Imported - - - - - - - - - - -
[Months' Consumption] {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00}

ii Indigeneous - - - - - - - - - - -
[Months' consumption] {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00}

2 Stocks in Process - - - - - - - - - - -
[Months' Cost of Production] {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00}

3 Finished Goods 438,306.00 76,914.00 118,825.00 483,560.00 681,820.00 774,560.00 945,874.00 985,124.00 785,124.00 884,578.00 978,512.00
[Months' Cost of Sales] {03.02} {00.45} {00.32} {00.97} {00.90} {00.77} {00.74} {00.62} {00.41} {00.40} {00.39}

4 Other consumable spares

i Imported - - - - - - - - - - -
[Months' Consumption] {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00}

ii Indigeneous - - - - - - - - - - -
[Months' consumption] {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00} {00.00}

5 Receivables other than export & deferred

receivables (including bills purchased &
discounted by bankers) 1,662,040.00 1,497,093.00 1,103,203.00 1,852,000.00 2,942,000.00 3,125,452.00 3,345,122.00 3,725,124.00 4,095,123.00 4,451,246.00 4,895,412.00
[Months' domestic sales including deferred payment sales] {08.56} {06.69} {02.64} {02.78} {02.94} {02.34} {02.01} {01.86} {01.76} {01.67} {01.63}

6 Loans,Advances & Deposits 25,746.00 224,763.00 1,092,626.00 764,838.00 543,501.00 514,231.00 491,512.00 4,745,625.00 4,621,456.00 4,145,256.00 3,874,563.00

7 Advances to suppliers of of raw materials /

stores & spares - - - - - - - - - - -
8 Other current assets incl.cash & bank balances
& deferred receivables due within 1 year [major items only]
i Cash & bank balances 151,804.00 462,721.00 151,255.00 3,025,093.00 3,327,602.00 3,645,147.00 4,025,478.00 4,567,843.00 5,070,305.00 5,628,039.00 6,247,123.00
ii Investments [ other than long term ] - - - - - - - - - - -
iii Instalments under deferred receivables [ due within 1 year ] - - - - - - - - - - -
iv Advance payment of taxes - - - - - - - - - - -
v Other current assets as per T15 of Form-III - - - - - - - - - - -
vi - - - - - - - - - - -
vii - - - - - - - - - - -
T1 Total Current Assets 2,277,896.00 2,261,491.00 2,465,909.00 6,125,491.00 7,494,923.00 8,059,390.00 8,807,986.00 14,023,716.00 14,572,008.00 15,109,119.00 15,995,610.00

CURRENT LIABILITIES
[Other than bank borrowings for working capital]

9 Sundry Trade Creditors [for raw materials, stores, 999,127.00 830,351.00 1,086,370.00 968,813.00 1,065,093.00 1,456,478.00 1,978,451.00 2,441,547.00 2,834,532.00 3,362,676.00 3,830,197.00
spares & consumables]
[Months' purchases] 7.63 6.52 3.77 2.81 1.94 1.89 1.91 1.89 1.79 1.76 1.76

10 Advances from customers / deposits from dealers - - - - - - - - - - -

11 Statutory liabilities [Including Provision for Taxation] 20,715.00 149,419.00 124,960.00 112,560.00 217,450.00 315,412.00 375,124.00 412,145.00 441,145.00 479,145.00 514,145.00
12 Other current liabilities [specify major items]
[Short Term borrowings, unsecured loans,
 Assessment of Working Capital Requirements Rs. in Lakhs

dividend payable, instalments of TL,

DPG, public deposits, debentures etc.]
i Deposits / Debentures / Instalments of Term
Loans / DPGs etc. (due within 1 year) - - - 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00
ii Provisions - - - - - - - - - - -
iii - - - - - - - - - - -
iv - - - - - - - - - - -
v - - - - - - - - - - -
vi - - - - - - - - - - -
sub-total [ 12(i to vi) ] - - - 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00
T2 Total Current Liabilities 1,019,842.00 979,770.00 1,211,330.00 2,581,373.00 2,782,543.00 3,271,890.00 3,853,575.00 4,353,692.00 4,775,677.00 5,341,821.00 5,844,342.00
 Assessment of Working Capital Requirements Rs. in Lakhs

FORM-V: COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE (MPBF) FOR WORKING CAPITAL
Name: DBS ENGINEERS
Current Year
Actuals as per audited accounts Following years Projected
Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11

FIRST Method of Lending

1 Total Current Assets 2,277,896.00 2,261,491.00 2,465,909.00 6,125,491.00 7,494,923.00 8,059,390.00 8,807,986.00 14,023,716.00 14,572,008.00 15,109,119.00 15,995,610.00
[ T1 in Form-IV ]

2 Current Liabilities [Other than bank borrowing] 1,019,842.00 979,770.00 1,211,330.00 2,581,373.00 2,782,543.00 3,271,890.00 3,853,575.00 4,353,692.00 4,775,677.00 5,341,821.00 5,844,342.00
[ T2 in Form-IV ]

3 Working Capital Gap [WCG] 1,258,054.00 1,281,721.00 1,254,579.00 3,544,118.00 4,712,380.00 4,787,500.00 4,954,411.00 9,670,024.00 9,796,331.00 9,767,298.00 10,151,268.00
[1-2]

4 Minimum Stipulated Net Working Capital 308,077.00 264,239.50 616,477.00 694,820.00 1,042,219.75 1,068,317.25 1,115,724.75 1,231,099.75 1,293,718.75 1,405,510.50 1,569,176.25
[ 25% of WCG excluding export receivables]
[ (item 3 above - item no. 6 in Form - IV)*0.25 ]

5 Actual / Projected Net Working Capital [ NWC ] 1,258,054.00 1,281,721.00 1,254,579.00 3,544,118.00 4,712,380.00 4,787,500.00 4,954,411.00 9,670,024.00 9,965,079.00 10,142,523.00 10,866,942.00
[ T22 in Form-III ]

6 Item no. 3 minus Item no. 4 949,977.00 1,017,481.50 638,102.00 2,849,298.00 3,670,160.25 3,719,182.75 3,838,686.25 8,438,924.25 8,502,612.25 8,361,787.50 8,582,091.75

7 Item no. 3 minus Item no. 5 - - - - - - - - (168,748.00) (375,225.00) (715,674.00)

8 Maximum permissible bank finance [MPBF] - - - - - - - - (168,748.00) (375,225.00) (715,674.00)

[ least of item 6 or 7 above ]

9 Excess borrowings representing shortfall in NWC - - - - - - - - - - -

[ item 4 - item 5 ]

SECOND Method of Lending

1 Total Current Assets 2,277,896.00 2,261,491.00 2,465,909.00 6,125,491.00 7,494,923.00 8,059,390.00 8,807,986.00 14,023,716.00 14,572,008.00 15,109,119.00 15,995,610.00
[ T1 in Form-IV ]

2 Current Liabilities [other than bank borrowings] 1,019,842.00 979,770.00 1,211,330.00 2,581,373.00 2,782,543.00 3,271,890.00 3,853,575.00 4,353,692.00 4,775,677.00 5,341,821.00 5,844,342.00
[ T2 in Form-IV ]

3 Working Capital Gap (WCG) (1-2) 1,258,054.00 1,281,721.00 1,254,579.00 3,544,118.00 4,712,380.00 4,787,500.00 4,954,411.00 9,670,024.00 9,796,331.00 9,767,298.00 10,151,268.00
[1-2]
4 Minimum Stipulated Net Working Capital 563,037.50 509,182.00 343,320.75 1,340,163.25 1,737,855.50 1,886,289.75 2,079,118.50 2,319,522.75 2,487,638.00 2,740,965.75 3,030,261.75
[25% of total Current Assets excluding export receivables]
[ (1 above - item 6 in Form-IV)*0.25 ]

5 Actual / Projected net working capital 1,258,054.00 1,281,721.00 1,254,579.00 3,544,118.00 4,712,380.00 4,787,500.00 4,954,411.00 9,670,024.00 9,965,079.00 10,142,523.00 10,866,942.00
[ T22 in Form-III ]

6 Item no. 3 minus Item no. 4 695,016.50 772,539.00 911,258.25 2,203,954.75 2,974,524.50 2,901,210.25 2,875,292.50 7,350,501.25 7,308,693.00 7,026,332.25 7,121,006.25

7 Item no. 3 minus Item no. 5 - - - - - - - - (168,748.00) (375,225.00) (715,674.00)

8 Maximum permissible bank finance [MPBF] - - - - - - - - (168,748.00) (375,225.00) (715,674.00)

[ least of item 6 or 7 above ]

9 Excess borrowings representing shortfall in NWC - - - - - - - - - - -

[ item 4 - item 5 ]
 Assessment of Working Capital Requirements Rs. in Lakhs

FORM-V: FUNDS FLOW STATEMENT

Name: DBS ENGINEERS

Actuals as per audited Current Year

Following years Projected
accounts Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
A SOURCES OF FUNDS
1 Net profit for the year after tax 491,273.00 374,650.00 1,154,172.00 1,732,764.00 2,454,850.00 3,000,343.00 3,161,056.00 3,237,686.55 3,357,686.31 3,836,223.96
2 Depreciation 12,113.00 824,948.00 568,865.00 (214,740.00) (182,529.00) (155,149.65) (131,877.20) (112,095.62) (95,281.28) (80,989.09)
3 Increase in capital - 1,186,934.00 527,781.00 598,700.00 598,190.00 520,610.00 480,290.00 630,804.00 489,475.00 438,464.00
4 Increase in long-term funds / term liabilities - - 7,113,186.00 - - - - - - -
5 Decrease in fixed assets - - - 3,000,000.00 - - - - - -
6 Decrease in other non-current assets - - - - - - - - - -
7 Others 59,999.00 1,141,000.00 174,258.00 - - - - - - -
8 - - - - - - - - - -
9 - - - - - - - - - -
10 - - - - - - - - - -
T1 Total 563,385.00 3,527,532.00 9,538,262.00 5,116,724.00 2,870,511.00 3,365,803.35 3,509,468.80 3,756,394.93 3,751,880.03 4,193,698.87

B APPLICATION OF FUNDS
1 Net loss for the year - - - - - - - - - -
2 Decrease in capital 210,431.00 - - - - - - - - -
3 Decrease in long-term funds / term liabilities 123,345.00 - - 830,761.00 913,211.00 1,003,846.00 1,103,475.00 1,212,992.00 1,333,378.00 400,313.00
4 Increase in fixed assets 231,500.00 10,015,000.00 3,000,000.00 - - - - - - -
5 Increase in other non-current assets - - - - - - - - - -
6 Dividend payments - - - - - - - - - -
7 Others - - - 1,928,258.00 1,226,489.00 2,051,930.00 1,415,760.00 3,148,554.55 2,863,328.11 3,189,020.08
8 - - - - - - - - - -
9 - - - - - - - - - -
10 - - - - - - - - - -
T2 Total 565,276.00 10,015,000.00 3,000,000.00 2,759,019.00 2,139,700.00 3,055,776.00 2,519,235.00 4,361,546.55 4,196,706.11 3,589,333.08
a Long term surplus (+) / deficit (-) [ T1-T2 ] (1,891.00) (6,487,468.00) 6,538,262.00 2,357,705.00 730,811.00 310,027.35 990,233.80 (605,151.62) (444,826.08) 604,365.79
b Increase / (decrease) in current assets * (16,405.00) 204,418.00 3,659,582.00 1,369,432.00 564,467.00 748,596.00 5,215,730.00 548,292.00 537,111.00 886,491.00
* as per details given below at "h"
c Increase / (decrease) in current liabilities other
than bank borrowings (40,072.00) 231,560.00 1,370,043.00 201,170.00 489,347.00 581,685.00 500,117.00 253,237.00 359,667.00 162,072.00
d Increase / (decrease) in working capital gap 23,667.00 (27,142.00) 2,289,539.00 1,168,262.00 75,120.00 166,911.00 4,715,613.00 126,307.00 (29,033.00) 383,970.00
e Net surplus / (deficit) (25,558.00) (6,460,326.00) 4,248,723.00 1,189,443.00 655,691.00 143,116.35 (3,725,379.20) (731,458.62) (415,793.08) 220,395.79
f Increase / (decrease) bank borrowings - - 7,500,000.00 - - - - - - -
g Increase / (decrease) net sales 356,669.00 2,328,568.00 2,985,440.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00

h Break-up of "b" above:

Increase / (decrease) in inventory of:
i Raw materials - - - - - - - - - -
ii Work [ Stock ] in Process - - - - - - - - - -
iii Finished Goods (361,392.00) 41,911.00 364,735.00 198,260.00 92,740.00 171,314.00 39,250.00 (200,000.00) 99,454.00 93,934.00
iv Goods in Transit - - - - - - - - - -
v Other consumable spares - - - - - - - - - -
Increase / (decrease) in receivables
vi Domestic (164,947.00) (393,890.00) 748,797.00 1,090,000.00 183,452.00 219,670.00 380,002.00 369,999.00 356,123.00 444,166.00
vii Export - - - - - - - - - -
viii Increase / (decrease) in other current assets 509,934.00 556,397.00 2,546,050.00 81,172.00 288,275.00 357,612.00 4,796,478.00 378,293.00 81,534.00 348,391.00
Net total of [ h(i to viii) ] (16,405.00) 204,418.00 3,659,582.00 1,369,432.00 564,467.00 748,596.00 5,215,730.00 548,292.00 537,111.00 886,491.00
Page 11 of 16 Assessment of Working Capital Requirements Rs. in Lakhs

SUMMARY OF FINANCIAL STATEMENTS FOR RATIO ANALYSIS

Name: DBS ENGINEERS

Current Year
Actuals as per audited accounts Following years Projected
Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
OPERATING STATEMENT
INCOME
Domestic sales 2,329,323.00 2,685,992.00 5,014,560.00 8,000,000.00 12,000,000.00 16,000,000.00 20,000,000.00 24,000,000.00 28,000,000.00 32,000,000.00 36,000,000.00
Export sales - - - - - - - - - - -
Gross Sales 2,329,323.00 2,685,992.00 5,014,560.00 8,000,000.00 12,000,000.00 16,000,000.00 20,000,000.00 24,000,000.00 28,000,000.00 32,000,000.00 36,000,000.00
Excise duty - - - - - - - - - - -
Net Sales 2,329,323.00 2,685,992.00 5,014,560.00 8,000,000.00 12,000,000.00 16,000,000.00 20,000,000.00 24,000,000.00 28,000,000.00 32,000,000.00 36,000,000.00
Other Income - 8,139.00 - - - - - - - - -
Gross Income 2,329,323.00 2,694,131.00 5,014,560.00 8,000,000.00 12,000,000.00 16,000,000.00 20,000,000.00 24,000,000.00 28,000,000.00 32,000,000.00 36,000,000.00
EXPENSES
Raw material [Imported] - - - - - - - - - - -
Raw material [Indigenous] 1,570,381.00 1,528,223.00 3,460,046.00 4,137,886.00 6,603,504.00 9,245,126.00 12,406,540.00 15,518,900.00 18,979,546.00 22,954,782.00 26,187,456.00
Consumables [Imported] - - - - - - - - - - -
Consumables [Indigenous] - - - - - - - - - - -
Total Material Cost 1,570,381.00 1,528,223.00 3,460,046.00 4,137,886.00 6,603,504.00 9,245,126.00 12,406,540.00 15,518,900.00 18,979,546.00 22,954,782.00 26,187,456.00
Total Consumables Cost - - - - - - - - - - -
Total purchases 1,570,381.00 1,528,223.00 3,460,046.00 4,137,886.00 6,603,504.00 9,245,126.00 12,406,540.00 15,518,900.00 18,979,546.00 22,954,782.00 26,187,456.00
Direct Labour 229,500.00 121,500.00 133,650.00 412,000.00 465,000.00 495,500.00 515,500.00 545,600.00 595,600.00 635,456.00 647,856.00
Depreciation 25,674.00 37,787.00 799,274.00 1,431,600.00 1,216,860.00 1,045,210.00 845,978.00 745,123.00 670,610.70 603,549.63 543,194.67
Other direct overheads 17,377.00 14,500.00 78,450.00 392,860.00 973,023.00 1,386,762.00 1,711,812.00 2,256,088.00 2,504,073.75 2,735,497.06 3,066,720.37
Total direct expenses 272,551.00 173,787.00 1,011,374.00 2,236,460.00 2,654,883.00 2,927,472.00 3,073,290.00 3,546,811.00 3,770,284.45 3,974,502.69 4,257,771.04
Inventory [opening] of WIP - - - - - - - - - - -
Inventory [closing] of WIP - - - - - - - - - - -
Total cost of production 1,842,932.00 1,702,010.00 4,471,420.00 6,374,346.00 9,258,387.00 12,172,598.00 15,479,830.00 19,065,711.00 22,749,830.45 26,929,284.69 30,445,227.04
Inventory [opening] of finished goods 339,422.00 438,306.00 76,914.00 118,825.00 483,560.00 681,820.00 774,560.00 945,874.00 985,124.00 785,124.00 884,578.00
Inventory [closing] of finished goods 438,306.00 76,914.00 118,825.00 483,560.00 681,820.00 774,560.00 945,874.00 985,124.00 785,124.00 884,578.00 978,512.00
Average inventory of finished goods 388,864.00 257,610.00 97,869.50 301,192.50 582,690.00 728,190.00 860,217.00 965,499.00 885,124.00 834,851.00 931,545.00
Total cost of sales 1,744,048.00 2,063,402.00 4,429,509.00 6,009,611.00 9,060,127.00 12,079,858.00 15,308,516.00 19,026,461.00 22,949,830.45 26,829,830.69 30,351,293.04
Gross Profit 585,275.00 630,729.00 585,051.00 1,990,389.00 2,939,873.00 3,920,142.00 4,691,484.00 4,973,539.00 5,050,169.55 5,170,169.31 5,648,706.96
Total indirect expenses 100,932.00 139,456.00 153,401.00 201,102.00 690,305.00 989,546.00 1,254,600.00 1,411,247.00 1,411,247.00 1,411,247.00 1,411,247.00
Opearting profit before finance charges 484,343.00 491,273.00 431,650.00 1,789,287.00 2,249,568.00 2,930,596.00 3,436,884.00 3,562,292.00 3,638,922.55 3,758,922.31 4,237,459.96
Total finance charges [only interest element] - - 57,000.00 635,115.00 516,804.00 475,746.00 436,541.00 401,236.00 401,236.00 401,236.00 401,236.00
Opearting profit after finance charges 484,343.00 491,273.00 374,650.00 1,154,172.00 1,732,764.00 2,454,850.00 3,000,343.00 3,161,056.00 3,237,686.55 3,357,686.31 3,836,223.96
Non-operating income - - - - - - - - - - -
Non-operating expenses - - - - - - - - - - -
Profit before Tax / (Loss) PBT 484,343.00 491,273.00 374,650.00 1,154,172.00 1,732,764.00 2,454,850.00 3,000,343.00 3,161,056.00 3,237,686.55 3,357,686.31 3,836,223.96
Provision for Taxes - - - - - - - - - - -
Net Profit / Loss after Tax PAT 484,343.00 491,273.00 374,650.00 1,154,172.00 1,732,764.00 2,454,850.00 3,000,343.00 3,161,056.00 3,237,686.55 3,357,686.31 3,836,223.96
Equity divident payout - - - - - - - - - - -
Retained Profit 484,343.00 491,273.00 374,650.00 1,154,172.00 1,732,764.00 2,454,850.00 3,000,343.00 3,161,056.00 3,237,686.55 3,357,686.31 3,836,223.96
Net profit before depreciation, interest & tax [PBDIT] 510,017.00 529,060.00 1,230,924.00 3,220,887.00 3,466,428.00 3,975,806.00 4,282,862.00 4,307,415.00 4,309,533.25 4,362,471.94 4,780,654.63
Net profit before interest & tax [PBIT] 484,343.00 491,273.00 431,650.00 1,789,287.00 2,249,568.00 2,930,596.00 3,436,884.00 3,562,292.00 3,638,922.55 3,758,922.31 4,237,459.96
Page 12 of 16 Assessment of Working Capital Requirements Rs. in Lakhs

SUMMARY OF FINANCIAL STATEMENTS FOR RATIO ANALYSIS

Name: DBS ENGINEERS

Current Year
Actuals as per audited accounts Following years Projected
Estimated
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11

BALANCE SHEET
Liabilities
Short-term borrowings from banks - - - 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00
Sundry creditors 999,127.00 830,351.00 1,086,370.00 968,813.00 1,065,093.00 1,456,478.00 1,978,451.00 2,441,547.00 2,665,784.00 2,987,451.00 3,114,523.00
Opening creditors for FIRST year
- NA NA NA NA NA NA NA NA NA NA
Average creditors 499,563.50 914,739.00 958,360.50 1,027,591.50 1,016,953.00 1,260,785.50 1,717,464.50 2,209,999.00 2,553,665.50 2,826,617.50 3,050,987.00
Short-term borrowings from others 1,019,842.00 979,770.00 1,211,330.00 2,581,373.00 2,782,543.00 3,271,890.00 3,853,575.00 4,353,692.00 4,606,929.00 4,966,596.00 5,128,668.00
Other current liabilities - - - - - - - - - - -
Total current liabilities 1,019,842.00 979,770.00 1,211,330.00 10,081,373.00 10,282,543.00 10,771,890.00 11,353,575.00 11,853,692.00 12,106,929.00 12,466,596.00 12,628,668.00
Total term liabilities 123,345.00 - - 7,113,186.00 6,282,425.00 5,369,214.00 4,365,368.00 3,261,893.00 2,048,901.00 715,523.00 315,210.00
Total outside liabilities 1,143,187.00 979,770.00 1,211,330.00 17,194,559.00 16,564,968.00 16,141,104.00 15,718,943.00 15,115,585.00 14,155,830.00 13,182,119.00 12,943,878.00
Total liabilities 3,048,866.00 3,226,290.00 6,160,434.00 23,999,874.00 23,773,489.00 25,176,176.00 26,223,038.00 27,845,266.00 27,605,447.00 27,615,569.20 28,462,996.08

Assets
Cash, bank & investments 151,804.00 462,721.00 151,255.00 3,025,093.00 3,327,602.00 3,645,147.00 4,025,478.00 4,567,843.00 5,070,305.00 5,628,039.00 6,247,123.00
Receivables-other than export 1,662,040.00 1,497,093.00 1,103,203.00 1,852,000.00 2,942,000.00 3,125,452.00 3,345,122.00 3,725,124.00 4,095,123.00 4,451,246.00 4,895,412.00
Receivables-export - - - - - - - - - - -
Total Receivables 1,662,040.00 1,497,093.00 1,103,203.00 1,852,000.00 2,942,000.00 3,125,452.00 3,345,122.00 3,725,124.00 4,095,123.00 4,451,246.00 4,895,412.00
Opening debtors for FIRST year
- NA NA NA NA NA NA NA NA NA NA
Average receivables 831,020.00 1,579,566.50 1,300,148.00 1,477,601.50 2,397,000.00 3,033,726.00 3,235,287.00 3,535,123.00 3,910,123.50 4,273,184.50 4,673,329.00
Inventory 438,306.00 76,914.00 118,825.00 483,560.00 681,820.00 774,560.00 945,874.00 985,124.00 785,124.00 884,578.00 978,512.00
Other current assets 25,746.00 224,763.00 1,092,626.00 764,838.00 543,501.00 514,231.00 491,512.00 4,745,625.00 4,621,456.00 4,145,256.00 3,874,563.00
Total current assets 2,277,896.00 2,261,491.00 2,465,909.00 6,125,491.00 7,494,923.00 8,059,390.00 8,807,986.00 14,023,716.00 14,572,008.00 15,109,119.00 15,995,610.00

Fixed assets
Gross block 796,759.00 1,028,259.00 11,043,259.00 14,043,259.00 11,043,259.00 11,043,259.00 11,043,259.00 11,043,259.00 11,043,259.00 11,043,259.00 11,043,259.00
Depreciation upto date 25,674.00 37,787.00 862,735.00 1,431,600.00 1,216,860.00 1,034,331.00 879,181.35 747,304.15 635,208.53 539,927.25 458,938.16
Net block 771,085.00 990,472.00 10,180,524.00 12,611,659.00 9,826,399.00 10,008,928.00 10,164,077.65 10,295,954.85 10,408,050.47 10,503,331.75 10,584,320.84

Total other non-current assets - - - - - - - - - - -

Intangible Assets - - - - - - - - - - -
Total assets 3,048,981.00 3,251,963.00 12,646,433.00 18,737,150.00 17,321,322.00 18,068,318.00 18,972,063.65 24,319,670.85 24,980,058.47 25,612,450.75 26,579,930.84

Total Tangible Assets 3,048,981.00 3,251,963.00 12,646,433.00 18,737,150.00 17,321,322.00 18,068,318.00 18,972,063.65 24,319,670.85 24,980,058.47 25,612,450.75 26,579,930.84
Net worth 1,905,679.00 2,246,520.00 4,949,104.00 6,805,315.00 7,208,521.00 9,035,072.00 10,504,095.00 12,729,681.00 13,449,617.00 14,433,450.20 15,519,118.08
Tangible net worth 1,905,679.00 2,246,520.00 4,949,104.00 6,805,315.00 7,208,521.00 9,035,072.00 10,504,095.00 12,729,681.00 13,449,617.00 14,433,450.20 15,519,118.08
Net working capital 1,258,054.00 1,281,721.00 1,254,579.00 3,544,118.00 4,712,380.00 4,787,500.00 4,954,411.00 9,670,024.00 9,965,079.00 10,142,523.00 10,866,942.00
Page 13 of 16 Assessment of Working Capital Requirements

RATIO ANALYSIS
Name: DBS ENGINEERS
Current
Actuals as per audited
Year Following years Projected
Ideal accounts
Sr. No. Particulars Estimated
Levels
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 10
A Long-term Solvency Ratios
1 Debt Equity Ratio 0.06 - - 1.05 0.87 0.59 0.42 0.26 0.15 0.05 0.02

2 Net Worth to Total Assets Ratio 0.63 0.69 0.39 0.36 0.42 0.50 0.55 0.52 0.54 0.56 0.58

3 Debt to Net Worth Ratio 0.06 - - 1.05 0.87 0.59 0.42 0.26 0.15 0.05 0.02

4 Capital Gearing Ratio 0.06 - - 1.05 0.87 0.59 0.42 0.26 0.15 0.05 0.02

5 Fixed Assets to Long Term Funds 6.25 - - 1.77 1.56 1.86 2.33 3.16 5.08 14.68 33.58

6 Propriety Ratio 0.63 0.69 0.39 0.36 0.42 0.50 0.55 0.52 0.54 0.56 0.58

7 Interest Coverage - - 21.60 5.07 6.71 8.36 9.81 10.74 10.74 10.87 11.91

8 Debt Service Coverage 3.93 - - 0.25 0.36 0.55 0.79 1.09 1.78 5.25 13.44

B Short-term Solvency Ratios

1 Current Ratio 2.23 2.31 2.04 0.61 0.73 0.75 0.78 1.18 1.20 1.21 1.27

2 Quick Ratio or Liquid Ratio or Acid Test Ratio 1.80 2.23 1.94 0.56 0.66 0.68 0.69 1.10 1.14 1.14 1.19

3 Absolute Liquid Ratio 0.15 0.47 0.12 0.30 0.32 0.34 0.35 0.39 0.42 0.45 0.49

C Profitability Ratios
1 Return on Capital Employed or Return on
Investment 15.89% 15.11% 2.96% 6.16% 10.00% 13.59% 15.81% 13.00% 12.96% 13.11% 14.43%

2 Gross Profit Margin 25.13% 23.48% 11.67% 24.88% 24.50% 24.50% 23.46% 20.72% 18.04% 16.16% 15.69%

3 Net Profit Margin 20.79% 18.29% 7.47% 14.43% 14.44% 15.34% 15.00% 13.17% 11.56% 10.49% 10.66%

4 Cash Profit Ratio 21.90% 19.70% 23.41% 32.32% 24.58% 21.88% 19.23% 16.28% 13.96% 12.38% 12.17%

5 Return on Net Worth 25.42% 21.87% 7.57% 16.96% 24.04% 27.17% 28.56% 24.83% 24.07% 23.26% 24.72%

6 Operating Profit (before interest) Margin 20.79% 18.29% 8.61% 22.37% 18.75% 18.32% 17.18% 14.84% 13.00% 11.75% 11.77%

7 Operating Profit (after interest) Margin 20.79% 18.29% 7.47% 14.43% 14.44% 15.34% 15.00% 13.17% 11.56% 10.49% 10.66%
Page 14 of 16 Assessment of Working Capital Requirements

RATIO ANALYSIS
Name: DBS ENGINEERS
Current
Actuals as per audited
Year Following years Projected
Ideal accounts
Sr. No. Particulars Estimated
Levels
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 10
D Activity Ratios
1 Inventory Turnover Ratio 5.31 34.92 42.20 16.54 17.60 20.66 21.14 24.36 35.66 36.18 36.79
[Based on closing inventory]

2 Inventory Turnover Ratio 5.99 10.43 51.24 26.56 20.59 21.97 23.25 24.86 31.63 38.33 38.65
[Based on average inventory]

3 Inventory Turnover Ratio 4.48 8.01 45.26 19.95 15.55 16.59 17.80 19.71 25.93 32.14 32.58
[Based on cost of sales / average inventory]

4 Inventory Turnover Period

i Based on net sales & closing inventory 68.68 10.45 8.65 22.06 20.74 17.67 17.26 14.98 10.23 10.09 9.92
ii Based on net sales & average inventory 60.93 35.01 7.12 13.74 17.72 16.61 15.70 14.68 11.54 9.52 9.44
iii Based on net cost of sales & average inventory 81.38 45.57 8.06 18.29 23.47 22.00 20.51 18.52 14.08 11.36 11.20

5 Debtors Turnover Ratio 1.40 1.79 4.55 4.32 4.08 5.12 5.98 6.44 6.84 7.19 7.35
[Based on closing debtors]

6 Debtors Turnover Ratio 2.80 1.70 3.86 5.41 5.01 5.27 6.18 6.79 7.16 7.49 7.70
[Based on average debtors]

7 Debtors Turnover Period

i Based on net sales & closing debtors 260.44 203.44 80.30 84.50 89.49 71.30 61.05 56.65 53.38 50.77 49.63
ii Based on net sales & average debtors 130.22 214.65 94.64 67.42 72.91 69.21 59.04 53.76 50.97 48.74 47.38

8 Creditors Turnover Ratio 1.57 1.84 3.18 4.27 6.20 6.35 6.27 6.36 7.12 7.68 8.41
[Based on closing creditors]

9 Creditors Turnover Ratio 3.14 1.67 3.61 4.03 6.49 7.33 7.22 7.02 7.43 8.12 8.58
[Based on average creditors]

10 Creditors Turnover Period

i Based on purchases & closing creditors 232.22 198.32 114.60 85.46 58.87 57.50 58.21 57.42 51.27 47.50 43.41
ii Based on purchases & average creditors 116.11 218.48 101.10 90.64 56.21 49.78 50.53 51.98 49.11 44.95 42.52

11 Fixed Assets Turnover Ratio 3.02 2.71 0.49 0.63 1.22 1.60 1.97 2.33 2.69 3.05 3.40

12 Assets Turnover Ratio 0.76 0.83 0.40 0.43 0.69 0.89 1.05 0.99 1.12 1.25 1.35

13 Working Capital Turnover Ratio 1.85 2.10 4.00 2.26 2.55 3.34 4.04 2.48 2.81 3.16 3.31

14 Sales to Capital Employed 1.22 1.20 1.01 1.18 1.66 1.77 1.90 1.89 2.08 2.22 2.32

E Operating Ratios
1 Domestic Sales Proportion 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

2 Export Sales Proportion 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

3 Material Cost Ratio 67.42% 56.90% 69.00% 51.72% 55.03% 57.78% 62.03% 64.66% 67.78% 71.73% 72.74%
Page 15 of 16 Assessment of Working Capital Requirements

RATIO ANALYSIS
Name: DBS ENGINEERS
Current
Actuals as per audited
Year Following years Projected
Ideal accounts
Sr. No. Particulars Estimated
Levels
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 31-Mar-27
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 10

4 Consumables Cost Ratio 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

5 Direct Labour Cost Ratio 9.85% 4.52% 2.67% 5.15% 3.88% 3.10% 2.58% 2.27% 2.13% 1.99% 1.80%

6 Other Direct Cash Overheads Cost Ratio 0.75% 0.54% 1.56% 4.91% 8.11% 8.67% 8.56% 9.40% 8.94% 8.55% 8.52%

7 Total Direct Cost Ratio [excl material & consumables] 11.70% 6.47% 20.17% 27.96% 22.12% 18.30% 15.37% 14.78% 13.47% 12.42% 11.83%

8 Total Direct Cost Ratio [incl material & consumables] 79.12% 63.37% 89.17% 79.68% 77.15% 76.08% 77.40% 79.44% 81.25% 84.15% 84.57%

9 Indirect Cost Ratio 4.33% 5.19% 3.06% 2.51% 5.75% 6.18% 6.27% 5.88% 5.04% 4.41% 3.92%

10 Interest Cost Ratio 0.00% 0.00% 1.14% 7.94% 4.31% 2.97% 2.18% 1.67% 1.43% 1.25% 1.11%

11 Operating Cost Ratio 79.21% 82.01% 92.53% 85.57% 85.56% 84.66% 85.00% 86.83% 88.44% 89.51% 89.34%
 Assessment of Working Capital Requirements Rs. in Lakhs
STATEMENT OF CHANGES IN WORKING CAPITAL
Name: DBS ENGINEERS

Actuals as per audited accounts Current Year Estimated Following years Projected
Sr. No. Particulars
31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7

Current Assets
Cash and bank balances 151,804.00 462,721.00 151,255.00 3,025,093.00 3,327,602.00 3,645,147.00 4,025,478.00
Investments
Investments [other than long term] - - - - - - -
Government & other trustee securities - - - - - - -
Fixed deposits with Banks & Others - - - - - - -
Receivables
Receivables other than deferred & exports 1,662,040.00 1,497,093.00 1,103,203.00 1,852,000.00 2,942,000.00 3,125,452.00 3,345,122.00
Export receivables - - - - - - -
Instalments under deferred receivables - - - - - - -
Inventory
Raw Materials
Imported - - - - - - -
Indigeneous - - - - - - -
Work [ Stock ] in Process - - - - - - -
Finished Goods 438,306.00 76,914.00 118,825.00 483,560.00 681,820.00 774,560.00 945,874.00
Goods in Transit - - - - - - -
Other consumable spares
Imported - - - - - - -
Indigeneous - - - - - - -
Advances to suppliers - - - - - - -
Advance payment of taxes - - - - - - -
Loans,Advances & Deposits 25,746.00 224,763.00 1,092,626.00 764,838.00 543,501.00 514,231.00 491,512.00
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
Total Current Assets 2,277,896.00 2,261,491.00 2,465,909.00 6,125,491.00 7,494,923.00 8,059,390.00 8,807,986.00
Change in the current assets (16,405.00) 204,418.00 3,659,582.00 1,369,432.00 564,467.00 748,596.00

Current Liabilities
Short term borrowings from Banks
from Applicant Bank - - - 7,500,000.00 7,500,000.00 7,500,000.00 7,500,000.00
from Other Banks - - - - - - -
of which BP & BD
from Applicant Bank - - - - - - -
from Other Banks - - - - - - -
Short term borrowings from Others
Sundry Trade Creditors - Indigenous 999,127.00 830,351.00 1,086,370.00 968,813.00 1,065,093.00 1,456,478.00 1,978,451.00
Sundry Trade Creditors - Import - - - - - - -
Advance from Customers / deposits from dealers - - - - - - -
Provision for Taxation 20,715.00 149,419.00 124,960.00 112,560.00 217,450.00 315,412.00 375,124.00
Dividend payable - - - - - - -
Other Statutory Liabilities - - - - - - -
Deposits / Debentures / Instalments of Term
Loans / DPGs etc. - - - 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00
Other Current Liabilities and Provisions
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
Total Current Liabilities 1,019,842.00 979,770.00 1,211,330.00 10,081,373.00 10,282,543.00 10,771,890.00 11,353,575.00
Change in the current liabilities (40,072.00) 231,560.00 8,870,043.00 201,170.00 489,347.00 581,685.00
Net Working Capital as calculated above 1,258,054.00 1,281,721.00 1,254,579.00 (3,955,882.00) (2,787,620.00) (2,712,500.00) (2,545,589.00)
Increase / (Decrease) in Net Working Capital - 23,667.00 (27,142.00) (5,210,461.00) 1,168,262.00 75,120.00 166,911.00