Bank

T&ME - 1

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

Name:

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

Sl. No.
NAME OF BANK / 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
2008-09
MAX.
MIN.

A. WORKING CAPITAL LIMITS:

FUND BASED

NON FUND BASED

B. TERM LOANS/DPGS
EXCLUDING WORKING
CAPITAL TERM LOANS

CASH CREDIT

###

###

Letter of Credit

###

###

Term Loan

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

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

Limits from all Banks and fincial institutions

Name of
Bank/finan
cial Instn.

Funds
Based

Working Capital
Non-fund
Based

Term loan
&
DPG

Overdues,if
any

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II : OPERATING STATEMENT
Name:

(Amount Rs. In Lakhs)

Page 1
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
ACTUALS AS PER
ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012
(1)
(2)
(3)
(4)
(5)
(6)

Raw Material Consumption quantity

Sales quantity \
Rejects and Scraps
Total

0.000

0.000

0.000

0.000

0.000

0.000

0.000
0.000
0.000

0.000
0.000
0.000

0.000
0.000
0.000

0.000
0.000
0.000

0.000
0.000
0.000

0.000
0.000
0.000

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:

0.00%

0.00%

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 e
IV) Other Manufacturing expenses
V) Depreciation
Sub-total (I to V)

0.00%

0.00%

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II : OPERATING STATEMENT
Name:

(Amount Rs. In Lakhs)

Page 2
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
ACTUALS AS PER
ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012
(1)
(2)
(3)
(4)
(5)
(6)

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]

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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

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

10. PROVISION FOR TAXES

11. NET PROFIT/LOSS (9-10)

PBT to Sales %

0.00%

0.00%

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II : OPERATING STATEMENT
Name:

(Amount Rs. In Lakhs)

Page 3
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
ACTUALS AS PER
ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012
(1)
(2)
(3)
(4)
(5)
(6)

12. (a) Equity Dividend Paid

(b) Dividend Rate

13. RETAINED PROFIT (11-12)

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

100.00

100.00

100.00

100.00

15. ADDITIONAL DATA:

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

Contd...4

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET
Name:

(Amount Rs. In Lakhs)

Page 4
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
ACTUALS AS PER
ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012
(1)
(2)
(3)
(4)
(5)
(6)
CURRENT LIABILITIES

1. Short term borrowings from Banks

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

(-)

(-)

(-)

(-)

(-)

(-)

Contd...5

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET
Name:

(Amount Rs. In Lakhs)

Page 5
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
ACTUALS AS PER
ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012
(1)
(2)
(3)
(4)
(5)
(6)
TERM LIABILITIES

11. Debentures ( not maturing with in one year )

12. Preference Shares
( redeemable after one year )
13. Term loans (excluding instalments payable within one year)
Term Loan I
Term Loan II
Term Loan III
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 ) - Share Application Mone
23. Surplus (+) or deficit (-) in
Profit & Loss account
24. NET WORTH
25. TOTAL LIABILITIES ( 18 + 24 )

Contd...6

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET
Name:

(Amount Rs. In Lakhs)

Page 6
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
ACTUALS AS PER
ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012
(1)
(2)
(3)
(4)
(5)
(6)
CURRENT ASSETS

26. Cash and bank balances

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

Contd...7

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET
Name:

(Amount Rs. In Lakhs)

Page 7
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
ACTUALS AS PER
ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012
(1)
(2)
(3)
(4)
(5)
(6)
FIXED ASSETS

35. Gross Block (land, building, machinery, furniture, fittings & vehicl
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

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

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

(Amount Rs. In Lakhs)

Page 8
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
ACTUALS AS PER
ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012

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)

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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 )

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

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

(Amount Rs. In Lakhs)

Page 9
As per Balance Sheet as at
31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012
LAST
CURRENT FOLLOWINGFOLLOWING FOLLOWING
YEAR
YEAR
YEAR
YEAR
YEAR
ACTUALS ESTIMATES ESTIMATES ESTIMATES ESTIMATES
(1)
(2)
(3)
(4)
(5)

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

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2. Other Current Liabilities (Other than bank borrowing)

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3. Working capital gap (WCG) (1-2)

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4. Minimum Stipulated Net Working Capital

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(14 of Form - IV)

i.e.25% of WCG
5. Actual/projected net working capital

(45 in Form III)

6. Item 3 minus Item 4

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7. Item 3 minus Item 5

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8. Maximum permissible bank finance [MPBF]

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(Item 6 or 7 whichever is lower)

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

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM VI : FUNDS FLOW STATEMENT
Name:

(Amount Rs. In Lakhs)

Page 10
As per Balance Sheet as at
31.03.2008 31.03.2009 31.03.2010 31.03.2011
31.03.2012
LAST
CURRENT FOLLOWING FOLLOWING FOLLOWING
YEAR
YEAR
YEAR
YEAR
YEAR
ACTUALS ESTIMATES ESTIMATES ESTIMATES ESTIMATES
(1)
(2)
(3)
(4)
(5)

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 (+) / (-)

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

RATIO ANALYSIS
#REF!
Page 11
As per Profit & Loss account actuals/
estimates for the year ended/ending

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)

LAST 2 YEARS
ACTUALS AS PER
ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012
(1)
(2)
(3)
(4)
(5)
(6)

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

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

>1.33
>1.00
<0.75

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

<2.00
<3.00
<0.60
<0.60
>2.00

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

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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 (%)

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

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STRUCTURAL RATIOS:
Retained Profit (%)
Raw Material Content (%)
Operating Cost / Sales (%)

>20.00%
<50.00%
<75.00%

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

Signs:
< = Less Than
> = More Than

CALCULATION OF TERM LOAN INTEREST AND REPAYMENT SCHEDULE

Rate of Interest on Loan :
YEAR

QUARTER

OPENING

ENDED

BALANCE

INTEREST

Rs.

0
1

1999 December
2000 March
June
September
December
2001 March
June
September
December
2002 March
June
September
December
2003 March
June
September
December
2004 March
June
September
December
2005 March
June
September
December

20
20
20
20
20
59
56
53
50
47
44
41
38
35
32
29
26
23
20
17
14
11
8
5
2

TOTAL

18.5
CLOSING

ANNUAL

INTEREST

LOAN REPAYMENT
PRINCIPAL

BALANCE

INTEREST

Rs.

Rs.

Rs.

Rs.

Rs.

Rs.

0
92.5
92.5
92.5
92.5
272.875
259
245.125
231.25
217.375
203.5
189.625
175.75
161.875
148
134.125
120.25
106.375
92.5
78.625
64.75
50.875
37
23.125
9.25

20
112.5
112.5
112.5
112.5
331.875
315
298.125
281.25
264.375
247.5
230.625
213.75
196.875
180
163.125
146.25
129.375
112.5
95.625
78.75
61.875
45
28.125
11.25

0
92.5
92.5
92.5
92.5
272.875
259
245.125
231.25
217.375
203.5
189.625
175.75
161.875
148
134.125
120.25
106.375
92.5
78.625
64.75
50.875
37
23.125
9.25

0
0
0
0
1.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
3.000
0.000

3191.25

58

TOTAL

CALCULATION OF WORKING CAPITAL LOAN INTEREST

Rate of Interest on Loan :
YEAR
1999
2000
2001
2002
2003
2004
2005
::

MONTH
December
December
December
December
December
December
December

OPENING INTEREST
BALANCE
38.924
1.86
135
16.875
135
16.875
78
9.75
78
9.75
78
9.75
78
9.75

100
100
100
100
100
100
100

0.125

20
20
20
20
59.000
56
53
50
47
44
41
38
35
32
29
26
23
20
17
14
11
8
5
2
2

370

1008.25

786.25

564.25

342.25

120.25
3191.25