Cash FlowCASH FLOW ANALYSISPYLYCY2009-102010-112011-12ICASH FLOW FROM OPERATING ACTIVITIESiNet Profit before Tax2.052.382.65Adjustments for :Depreciation and Amortisation0.280.290.27Dividends from InvestmentsProfit/loss on sale of Fixed AssetsProfit / loss on Forex fluctuationsProvision for Contractual obligations and warrantyBad Debts written offShare of minority interestInterest expensesOperating Profit before Working Capital Changes2.332.672.92Changes in Working Capital ComponentsIncrease / Decrease in Sundry Debtors0.12-0.73-3.24Increase / Decrease in Inventories-5.43-5.142.18Increase / Decrease in OCA-0.05-0.672.07Increase / Decrease in Loans and Advances-0.180.040.01Increase / Decrease in Trade Creditors-0.720.20-4.95Cash generated from Operations-6.26-6.30-3.93Direct Taxes paid-0.74-0.81-0.87Net cash Flow from Operating Activities - I-4.67-4.44-1.88IICASH FLOW FROM INVESTING ACTIVITIESPurchase of Fixed Assets-0.38-0.34-2.07Sale of Fixed AssetsIncrease/ Decrease in Capital Work-in-Progress0.000.000.00Dividend from Investments - OthersDividend from Investments -TradeNet cash Flow from Investing Activities - II-0.38-0.34-2.07IIICASH FLOW FROM FINANCING ACTIVITIESIncrease / Decrease in Secured Loans-0.100.010.62Increase / Decrease in Unsecured Loans0.001.99-2.23Payment of DividendTax on Dividend paidIncrease / Decrease in Secured Working Capital Limits7.473.75-0.29Increase in Share capital / Security Premium / Share Application Money0.000.300.25Interest ExpenseNet Cash Flow from Financing Activities - III7.376.05-1.65NET INCREASE / DECREASE IN CASH AND CASH EQUIVALENTS (I+II+III)2.321.27-5.60

InstructionsINSTRUCTIONS1Name of the Borrower must be entered only once in Cell No.C4 of FORM-II.Enter the YEARS in FORM-II. In case the number of months covered in any period isNOT 12, then change the "No. of Months" under the said YEAR in FORM-II only.2Cell No.G6 of Form-II should be filled in to indicate whether the Amounts incorporatedin the ENTIRE WORKSHEET are in LACS or CRORES.3You need NOT enter or change the NAME, Lacs/Crores,YEAR or NO. OF MONTHS cells in anyother Worksheet. These would be auto-generated from what have been entered in FORM-II.4Fill in all data in FORM-II and FORM-III. DO NOT ENTER ANY DATA IN THE CELLSCOLOURED IN YELLOW. These cells contain Formulae, which would be auto-generated.All yellow cells have been protected to avoid corruption of standard Format & Formulae.5YOU NEED NOT ENTER ANY DATA IN THE REMAINING WORKSHEETS ( FORM-IVto CRA-DATA). All these data would be automatically extracted from what you have enteredin FORM-II and FORM-III. Accordingly the LAST SIX WORKSHEETS HAVE BEEN TOTALLYPROTECTED TO AVOID ANY CORRUPTION OF STANDARD FORMULAE.6Depreciation for any specific year may be different in FORM-II and FORM-III (owing tosale of assets, etc.). If so, a difference would appear in Worksheet "CHECK". This is not anerror, but you should reconcile the difference separately and keep it for record. Please notethat the Depreciation for the Year, as appearing in FORM-VI, is auto-extracted from FORM-III(by computing the incremental cumulative depreciation during any year) and NOT from FORM-II.7If there is any Capital Works in Progress, it should be added to Gross Block.8Cell E69 of Form-IV is UNPROTECTED. Please fill in the data manually.9This File should be saved separately in any Computer. To use it for any analysis, a copy(named as, say, "CMA-XYZ LTD") should be taken out and all data entry should be madeONLY in this new File. This would ensure that the Mother File (CMA-FORMAT) remainsuntouched and uncorrupted for ready reference and copying.10In case you encounter any problem or difficulty, please contact GM(CB) directly --- both forguidance and for perfection of this spreadsheet.

FORM-IIASSESSMENT OF WORKING CAPITAL REQUIREMENTSFORM II - OPERATING STATEMENTName:Amounts in Rs.LacsAuditedAuditedAuditedAuditedAuditedAuditedProjectionsProjectionsProjectionsProjectionsFinancial Year ended / ending2007200820092010201120122013201420152016No.of months12121212129121212121.Gross Salesi.Domestic Sales3.999.9945.0869.6379.0573.78138.00159.00183.000.00ii.Export SalesTotal3.999.9945.0869.6379.0573.78138.00159.00183.000.002.Less Excise Duty3.Net Sales (1 - 2)3.999.9945.0869.6379.0573.78138.00159.00183.000.004.% age rise (+) or fall (-) in net salesas compared to previous year (annualised)150.38%351.25%54.46%13.53%24.44%40.28%15.22%15.09%N/A5.Cost of Salesi.Raw materials (including stores andother items used in the process ofmanufacture)9.067.4948.5967.2975.2862.53112.63129.77149.360.00a.Importedb.Indigenous9.067.4948.5967.2975.2862.53112.63129.77149.360.00ii.Other Spares0.000.000.000.000.000.000.000.000.000.00a.Importedb.Indigenous0.00iii.Power and Fuel0.00iv.Direct Labour (Factory wages & salaries)0.040.100.390.570.780.821.531.772.030.00v.Other manufacturing expenses0.160.211.001.701.220.961.802.072.380.00vi.Depreciation0.050.150.130.280.290.270.230.200.170.00vii.Sub-total (i to vi)9.317.9550.1169.8477.5764.58116.19133.80153.940.00viii.Add: Opening Stock-in-process0.000.000.000.000.000.000.000.000.00Sub-total (vii + viii)9.317.9550.1169.8477.5764.58116.19133.80153.940.00ix.Deduct: Closing Stock-in-process0.00x.Cost of Production9.317.9550.1169.8477.5764.58116.19133.80153.940.00xi.Add: Opening Stock of finished goods5.664.5912.7618.1923.3321.1533.8939.0344.90Sub-total (x + xi)9.3113.6154.7082.6095.7687.91137.34167.69192.9744.90xii.Deduct: Closing Stock of finished goods5.664.5912.7618.1923.3321.1533.8939.0344.900.00xiii.Sub-total (Total Cost of Sales)3.659.0241.9464.4172.4366.76103.45128.67148.0744.906.Selling, general and administrative expenses0.270.471.332.252.913.155.305.445.820.007.Sub-total (5 + 6)3.929.4943.2766.6675.3469.91108.75134.11153.8944.908.Operating Profit before Interest (3 - 7)0.070.501.812.973.713.8729.2524.8929.11-44.909.Interest0.040.260.501.011.501.573.913.913.910.0010.Operating Profit after Interest (8 - 9)0.030.241.311.962.212.3025.3420.9825.20-44.9011.i.Add: Other non-operating Incomea.Sale of Fixed Assets0.00b.Others0.010.090.170.350.100.100.10c.d.Sub-total (Income)0.000.010.000.090.170.350.100.100.100.00ii.Deduct: Other non-operating expenses0.000.000.000.000.000.000.000.000.000.00a.Miscellaneous Expenses0.00b.c.d.Sub-total (Expenses)0.000.000.000.000.000.000.000.000.000.00iii.Net of other non-operating income /6.00expenses [net of 11(i) & 11(ii)]0.000.010.000.090.170.350.100.100.100.0012.Profit before tax/loss [10 + 11(iii)]0.030.251.312.052.382.6525.4421.0825.30-44.9013.a) Provision for taxes0.010.080.410.740.810.878.406.968.35b) Deferred for Tax Liability(-) Assets(+)0.0014.Net Profit / Loss (12 -13)0.020.170.901.311.571.7817.0414.1216.95-44.9015.a.Equity dividend paid-amount(Already paid + B.S. provision)0.00b.Dividend Rate (% age)0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%c.Other Appropriations16.Retained Profit (14 - 15)0.020.170.901.311.571.7817.0414.1216.95-44.9017.Retained Profit / Net Profit (% age)100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%CASH ACCRUAL0.070.321.031.591.862.0517.2714.3217.12-44.90

FORM-IIIFORM III - ANALYSIS OF BALANCE SHEETLIABILITIESName:0Amounts in Rs.LacsAuditedAuditedAuditedAuditedAuditedAuditedProjectionsProjectionsProjectionsProjectionsFinancial Year ended / ending2007200820092010201120122013201420152016No.of months1212121212912121212CURRENT LIABILITIES1.Short-term borrowing from banks (includingbills purchased, discounted & excessborrowing placed on repayment basis)i.State Bank of India11.3631.0025.0025.000.00ii.Others3.433.143.8915.1114.820.00iii.(of which BP & BD)Sub-total [i + ii] (A)3.433.143.8911.3615.1114.8231.0025.0025.000.002.Short term borrowings from others0.003.Sundry Creditors (Trade)1.771.068.457.737.932.987.5110.8112.450.004.Advance payments from customers /deposits from dealers0.020.352.790.355.Provision for taxation0.010.100.410.961.261.586.306.968.356.Dividend payable7.Other statutory liabilities (due within 1 year)0.008.Deposits / instalments of term loans /DPGs / debentures etc. (due within 1 year)0.080.080.160.020.020.230.149.Other current liabilities & provisions(due within 1 year) - specify major items0.050.090.370.410.310.500.750.000.000.00a.Other Outstanding Liabilities payableb.Other Liabilitiesc.Liability for expenses0.050.090.370.410.310.500.75d.Sub total [2 to 9] (B)1.911.339.399.149.878.0814.9117.9120.800.0010.Total current liabilities [A + B]5.344.4713.2820.5024.9822.9045.9142.9145.800.00TERM LIABILITIES11.Debentures (not maturing within 1 year)12.Preference Shares (redeemable after 1 year)13.Term loans (excluding instalmentspayable within 1 year)0.280.150.000.040.050.4614.Deferred Payment Credits (excludinginstalments due within 1 year)15.Term deposits (repayable after 1 year)16.Other term liabilities17.Total Term Liabilities [11 to 16]0.280.150.000.040.050.460.000.000.000.0018.Total Outside Liabilities [10 + 17]5.624.6213.2820.5425.0323.3645.9142.9145.800.00NET WORTH19.Ordinary Share Capital0.110.112.712.713.013.263.263.263.2620.General Reserve21.Revaluation Reserve22.Other Reserves (excluding Provisions)23.Surplus (+) or deficit (-) in Profit & Loss a/c0.020.191.092.403.975.7522.7936.9153.868.9623.a.Share Application money0.100.26b.Share Premium Accountc.Deferred Tax Liability A/cd.Otherse.Unsecured loan1.291.291.291.293.281.051.051.051.0524.Net Worth1.521.855.096.4010.2610.0627.1041.2258.178.9625.TOTAL LIABILITIES [18 + 24]7.146.4718.3726.9435.2933.4273.0184.13103.978.96FORM III - ANALYSIS OF BALANCE SHEET (Continued)ASSETSAmounts in Rs.LacsName:0AuditedAuditedAuditedAuditedAuditedAuditedProjectionsProjectionsProjectionsProjectionsFinancial Year ended / ending2007200820092010201120122013201420152016No.of months1212121212912121212CURRENT ASSETS26.Cash and Bank Balances0.230.120.421.631.761.101.200.0027.Investments (other than long term)0.000.000.001.722.080.000.002.082.080.00i.Govt. and other trustee securitiesii.Fixed Deposits with banks1.722.082.082.0828.i.Receivables other than deferred &exports (incldg. bills purchased anddiscounted by banks)0.000.042.172.052.786.025.756.637.63ii.Export receivables (incldg. billspurchased/discounted by banks)29.Instalments of deferred receivables(due within 1 year)30.Inventory:5.664.5912.7618.1923.3321.1533.8939.0344.900.00i.Raw materials (including stores andother items used in the process ofmanufacture)0.000.000.000.000.000.000.000.000.000.00a.Importedb.Indigenous0.00ii.Stocks-in-process0.000.000.000.000.000.000.000.000.000.00iii.Finished goods5.664.5912.7618.1923.3321.1533.8939.0344.900.00iv.Other consumable spares0.000.000.000.000.000.000.000.000.000.00a.Importedb.Indigenous31.Advances to suppliers of raw materialsand stores/spares0.447.001.000.0032.Advance payment of taxes0.020.050.170.350.310.308.406.968.3533.Other current assets (specify major items)0.140.411.751.802.470.400.440.440.440.00a.Others0.140.411.751.802.470.400.440.440.44b.c.d.34.Total Current Assets (26 to 33)6.055.2117.2725.7432.7329.4156.6856.1363.390.00FIXED ASSETS35.Gross Block (land, building, machinery,work-in-progress)0.880.921.421.802.144.214.214.214.2136.Depreciation to date0.050.190.320.600.891.161.391.581.7537.Net Block (35 - 36)0.830.731.101.201.253.052.822.632.460.00OTHER NON-CURRENT ASSETS38.Investments/book debts/advances/depositswhich are not current assets0.250.530.000.001.310.960.200.000.000.00i.a.Investments in subsidiarycompanies / affiliatesb.Others0.220.220.00ii.Advances to suppliers of capital goodsand contractors1.11iii.Deferred receivables (maturityexceeding 1 year)0.030.31iv.Others0.000.000.000.000.200.960.200.000.000.00a.Security Deposit0.200.960.20b.Sales Tax under Appealc.Tax Deducted at Sourced.Others39.Non-consumable stores and spares40.Other non-current assets includingdues from directors41.Total Other Non-current Assets (38 to 40)0.250.530.000.001.310.960.200.000.000.0042.Intangible Assets (patents, good will,prelim.expenses, bad / doubtful debts notprovided for, etc.0.010.0043.Total Assets (34+37+41+42)7.146.4718.3726.9435.2933.4259.7058.7665.850.0044.Tangible Net Worth (24 - 42)1.511.855.096.4010.2610.0627.1041.2258.178.9645.Net Working Capital (34 - 10)0.710.743.995.247.756.5110.7713.2217.590.0046.Current Ratio (34 / 10)1.131.171.301.261.311.281.231.311.380.0047.Total OUTSIDE Liabilities / TangibleNet Worth (18 / 44)3.722.502.613.212.442.321.691.040.790.0048.Total TERM Liabilities / TangibleNet Worth (17 / 44)0.190.080.000.010.000.050.000.000.000.00RATIOS NET OF REVALUATIONRESERVES49.TANGIBLE NET WORTH (24-21-42)1.511.855.096.4010.2610.0627.1041.2258.178.9650.TOTAL OUTSIDE LIAB/TNW3.722.502.613.212.442.321.691.040.790.0051.TOTAL TERM LIAB/TNW0.190.080.000.010.000.050.000.000.000.00ADDITIONAL INFORMATIONA.Arrears of depreciationB.Contingent Liabilities:i.Arrears of cumulative dividendsii.Gratuity liability not provided foriii.Disputed excise / customs /tax liabilitiesiv.Other liabilities not provided for

FORM-IVFORM IVCOMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIESName:0Amounts in Rs.LacsAuditedAuditedAuditedAuditedAuditedAuditedProjectionsProjectionsProjectionsProjectionsYear2007200820092010201120122013201420152016A. CURRENT ASSETS1.Raw materials (incl. stores & other itemsused in the process of manufacture)a.Imported0.000.000.000.000.000.000.000.000.000.00Month's Consumption(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)b.Indigenous0.000.000.000.000.000.000.000.000.000.00Month's Consumption(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)2.Other Consumable spares, excludingthose included in 1 abovea.Imported0.000.000.000.000.000.000.000.000.000.00Month's Consumption(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)b.Indigenous0.000.000.000.000.000.000.000.000.000.00Month's Consumption(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)3.Stock-in-process0.000.000.000.000.000.000.000.000.000.00Month's cost of production(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)4.Finished goods5.664.5912.7618.1923.3321.1533.8939.0344.900.00Month's cost of sales(18.61)(6.11)(3.65)(3.39)(3.87)(2.85)(3.93)(3.64)(3.64)(0.00)5.Receivables other than export & deferredreceivables (incl. bills purchased &discounted by bankers)0.000.042.172.052.786.025.756.637.630.00Month's domestic sales: excludingdeferred payment sales(0.00)(0.05)(0.58)(0.35)(0.42)(0.73)(0.50)(0.50)(0.50)(0.00)6.Export receivables (incl. bills purchasedand discounted)0.000.000.000.000.000.000.000.000.000.00Month's export sales(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)(0.00)7.Advances to suppliers of raw materials &stores / spares, consumables0.000.000.000.000.000.447.001.000.000.008.Other current assets incl. cash & bankbalances & deferred receivables duewithin one year0.390.582.345.506.621.8010.049.4810.870.00Cash and Bank Balances0.230.120.421.631.761.101.200.000.000.00Investments (other than long term):0.000.000.001.722.080.000.002.082.080.00i.Govt. and other trustee securities0.000.000.000.000.000.000.000.000.000.00ii.Fixed Deposits with banks0.000.000.001.722.080.000.002.082.080.00Instalments of deferred receivables(due within 1 year)0.000.000.000.000.000.000.000.000.000.00Advance payment of taxes0.020.050.170.350.310.308.406.968.350.00Other current assets0.140.411.751.802.470.400.440.440.440.009.Total Current Assets6.055.2117.2725.7432.7329.4156.6756.1363.390.00(To agree with item 34 in Form III)FORM IVCOMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIESName:0Amounts in Rs.LacsAuditedAuditedAuditedAuditedAuditedAuditedProjectionsProjectionsProjectionsProjectionsYear2007200820092010201120122013201420152016B. CURRENT LIABILITIES(Other than bank borrowings for working capital)10.Creditors for purchase of raw materials,stores & consumable spares1.771.068.457.737.932.987.5110.8112.450.00Month's purchases(1.70)(2.09)(1.38)(1.26)(0.43)(0.80)(1.00)(1.00)(0.00)11.Advances from customers0.000.000.000.020.352.790.350.000.000.0012.Statutory liabilities0.000.000.000.000.000.000.000.000.000.0013.Other current liabilities:0.140.270.941.391.592.317.057.108.350.00Short term borrowings from others0.000.000.000.000.000.000.000.000.000.00Provision for taxation0.010.100.410.961.261.586.306.968.350.00Dividend payable0.000.000.000.000.000.000.000.000.000.00Deposits / instalments of term loans / DPGs/ debentures etc. (due within 1 year)0.080.080.160.020.020.230.000.140.000.00Other current liabilities & provisions(due within 1 year)0.050.090.370.410.310.500.750.000.000.0014.Total (To agree with total B of Form-III)1.911.339.399.149.878.0814.9117.9120.800.00

FORM-VIFORM VIFUNDS FLOW STATEMENTName:0Amounts in Rs.LacsAuditedAuditedAuditedAuditedAuditedProjectionsProjectionsProjectionsProjectionsYear2008200920102011201220132014201520161.SOURCESa.Net Profit0.170.901.311.571.7817.0414.1216.950.00b.Depreciation0.140.130.280.290.270.230.200.17-1.75c.Increase in Capital0.002.600.000.300.250.000.000.00-3.26d.Increase in Term Liabilities(including Public Deposits)0.000.000.040.010.410.000.000.000.00e.Decrease ini.Fixed Assets0.000.000.000.000.000.000.000.004.21ii.Other non-current Assets0.000.530.000.000.350.760.200.000.00f.Others0.160.000.001.990.000.000.000.000.00g.TOTAL0.474.161.634.163.0618.0314.5217.12-0.802.USESa.Net loss0.000.000.000.000.000.000.000.0044.90b.Decrease in Term Liabilities(including Public Deposits)0.130.150.000.000.000.460.000.000.00c.Increase ini.Fixed Assets0.040.500.380.342.070.000.000.000.00ii.Other non-current Assets0.270.000.001.310.000.000.000.000.00d.Dividend Payments0.000.000.000.000.000.000.000.000.00e.Others0.000.260.000.002.230.000.000.001.05f.TOTAL0.440.910.381.654.300.460.000.0045.953.Long Term Surplus (+) / Deficit (-) [1-2]0.033.251.252.51-1.2417.5714.5217.12-46.754.Increase/decrease in current assets* (as per details given below)-0.8412.068.476.99-3.3227.27-0.557.26-63.395.Increase/decrease in current liabilitiesother than bank borrowings-0.588.06-0.250.73-1.796.833.002.89-20.806.Increase/decrease in working capital gap-0.264.008.726.26-1.5320.44-3.554.37-42.597.Net Surplus / Deficit (-) [3-6]0.29-0.75-7.47-3.750.29-2.8718.0712.75-4.168.Increase/decrease in bank borrowings-0.290.757.473.75-0.2916.18-6.000.00-25.009.Increase/decrease in NET SALES6.0035.0924.559.42-5.2764.2221.0024.00-183.00* Break up of item-4i.Increase/decrease in Raw Materials0.000.000.000.000.000.000.000.000.00ii.Increase/decrease in Stocks-in-Process0.000.000.000.000.000.000.000.000.00iii.Increase/decrease in Finished Goods-1.078.175.435.14-2.1812.745.145.87-44.90iv.Increase/decrease in Receivablesa)Domestic0.042.13-0.120.733.24-0.270.881.00-7.63b)Export0.000.000.000.000.000.000.000.000.00v.Increase/decrease in Stores & Spares0.000.000.000.000.000.000.000.000.00vi.Increase/decrease in other current assets0.191.763.161.12-4.3814.80-6.560.39-10.87TOTAL-0.8412.068.476.99-3.3227.27-0.557.26-63.39

ABFASSESSED BANK FINANCEName:0Amounts in Rs.LacsYear200820092010201120122013201420152016Total Current Assets5.2117.2725.7432.7329.4156.6856.1363.390.00Current Liabilities (Other than Bank Borrowing)1.339.399.149.878.0814.9117.9120.800.00Working Capital Gap3.887.8816.6022.8621.3341.7738.2242.590.00Net Working Capital (Actual /Prjojected)0.743.995.247.756.5110.7713.2217.590.00Assessed Bank Finance (ABF)3.143.8911.3615.1114.8231.0025.0025.000.00NWC/TCA (%)14.20%23.10%20.36%23.68%22.14%19.00%23.55%27.75%0.00%Bank Finance to TCA (%)60.27%22.52%44.13%46.17%50.39%54.69%44.54%39.44%0.00%Other CL/TCA (%)25.53%54.37%35.51%30.16%27.47%26.31%31.91%32.81%0.00%S. Creditors /TCA (%)20.35%48.93%30.03%24.23%10.13%13.25%19.27%19.63%0.00%Inv./NS (Days)167.70103.3195.35107.72104.6389.6489.6089.550.00Rec./ Gross Sales (Days)1.4617.5710.7512.8429.7815.2115.2115.210.00S. Creditors /Purchase (Days)51.6663.4741.9338.4517.3924.3330.4230.420.00

CHECKCHECKName:0Year >20072008200920102011201220132014201520161.Closing Stock in Processof Operating Stament talliesYesYesYesYesYesYesYesYesYesYeswith that of Balance Sheet2.Closing Stock of F.G.of Operating Stament talliesYesYesYesYesYesYesYesYesYesYeswith that of Balance Sheet3.Net Profit0.020.170.901.311.571.7817.0414.1216.95-44.904.Depreciation Reported inOperating Statement talliesNoYesYesYesYesYesYesYesNowith that of Balance Sheeta. As per Op Statement0.150.130.280.290.270.230.200.170.00b. As per Form-III0.140.130.280.290.270.230.200.17-1.75c. Difference0.010.000.000.000.000.000.000.001.755.Balance Sheet Assets isYesYesYesYesYesYesNoNoNoNoequal to Liabilitiesa. Total Assets7.146.4718.3726.9435.2933.4259.7058.7665.850.00b. Total Liabilities7.146.4718.3726.9435.2933.4273.0184.13103.978.96c. Difference0.00.00.00.00.00.0(13.31)(25.37)(38.12)(8.96)

RATIOSPERFORMANCE & FINANCIAL INDICATORSName:0Amounts in Rs.LacsAs on 31st March:2007200820092010201120122013201420152016Net sales3.999.9945.0869.6379.0573.78138.00159.00183.000.00Operating Profit0.070.501.812.973.713.8729.2524.8929.11-44.90Net Other Income0.000.010.000.090.170.350.100.100.100.00Profit Before Tax0.030.251.312.052.382.6525.4421.0825.30-44.90PBT/NS (%)0.75%2.50%2.91%2.94%3.01%3.59%18.43%13.26%13.83%0.00%Profit After Tax0.020.170.901.311.571.7817.0414.1216.95-44.90Cash Accruals0.070.321.031.591.862.0517.2714.3217.12-44.90Paid Up Capital0.110.112.712.713.013.263.263.263.260.00Tangible Net Worth1.511.855.096.4010.2610.0627.1041.2258.178.96Adj TNW (Excl. Invest/Loans in Subsidiaries)1.511.855.096.4010.2610.0627.1041.2258.178.96TOL/TNW3.722.502.613.212.442.321.691.040.790.00Total Term Lia./TNW0.190.080.000.010.000.050.000.000.000.00Current Ratio1.131.171.301.261.311.281.231.311.380.00Total Tangible Assets (TTA)7.136.4718.3726.9435.2933.4259.7058.7665.850.00EFFICIENCY RATIOS :2007200820092010201120122013201420152016Net Sales/TTA (Times)0.561.542.452.582.242.212.312.712.780.00PBT/TTA (%)0.42%3.86%7.13%7.61%6.74%7.93%42.61%35.87%38.42%0.00%Operating Cost/NS (%)98.25%94.99%95.98%95.73%95.31%94.75%78.80%84.35%84.09%0.00%Bank Fin./Curr. Assets (%)56.69%60.27%22.52%44.13%46.17%50.39%54.69%44.54%39.44%0.00%Inv. +Rec./NS (Days)5181691211061211341051051050LIQUIDITY RATIOS2007200820092010201120122013201420152016Current Ratio1.131.171.301.261.311.281.231.311.380.00Acid Test Ratio0.070.140.340.370.380.360.500.400.400.00Bank Finance to WCG (%)82.85%80.93%49.37%68.43%66.10%69.48%74.22%65.41%58.70%0.00%LEVERAGE RATIOS2007200820092010201120122013201420152016Debt : Equity Ratio0.190.080.000.010.000.050.000.000.000.00TOL/TNW3.722.502.613.212.442.321.691.040.790.00Debt : Assets Ratio0.040.020.000.000.000.010.000.000.000.00Fixed Assets Coverage Ratio0.340.210.000.030.040.150.000.000.000.00Interest Coverage Ratio3.002.543.883.312.782.867.576.457.520.00TURNOVER RATIOS2007200820092010201120122013201420152016Inventory Turnover Period (DAYS)518168103951081059090900Average Collection Period (DAYS)01181113301515150Total Assets Turnover (TIMES)0.561.542.452.582.242.212.312.712.780.00Average Credit Period (DAYS)52634238172430300Bank Finance Turnover1.163.1811.596.135.234.984.456.367.320.00Current Assets Turnover0.661.922.612.712.422.512.432.832.890.00PROFITABILITY RATIOS2007200820092010201120122013201420152016Net Profit Margin (%)0.50%1.70%2.00%1.88%1.99%2.41%12.35%8.88%9.26%0.00%Net Income : Assets Ratio (%)0.28%2.63%4.90%4.86%4.45%5.33%28.54%24.03%25.74%0.00%Return on Investment (ROCE)(%)1.68%10.20%10.56%12.40%11.82%13.44%49.54%42.85%44.60%0.00%Return on Equity (%)18.18%154.55%33.21%48.34%52.16%54.60%522.70%433.13%519.94%0.00%Operating Profitability (%)1.75%5.01%4.02%4.27%4.69%5.25%21.20%15.65%15.91%0.00%Pre-Tax Profitability (%)0.75%2.50%2.91%2.94%3.01%3.59%18.43%13.26%13.83%0.00%PBT/TTA (%)0.42%3.86%7.13%7.61%6.74%7.93%42.61%35.87%38.42%0.00%STRUCTURAL RATIOS2007200820092010201120122013201420152016Retained Profit (%)100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%Raw Material Content (%)97.31%94.21%96.97%96.35%97.05%96.83%96.94%96.99%97.02%0.00%OC/Sales (%)98.25%94.99%95.98%95.73%95.31%94.75%78.80%84.35%84.09%0.00%

CRA-DATAFINANCIAL SUMMARYName:0Amounts in Rs.Lacs20072008200920102011201220132014201520161.Gross Sales - Domestic3.999.9945.0869.6379.0573.78138.00159.00183.000.00- Exports0.000.000.000.000.000.000.000.000.000.002.Less Excise Duty0.000.000.000.000.000.000.000.000.000.003.Net Sales (1 - 2)3.999.9945.0869.6379.0573.78138.00159.00183.000.004.Depreciation0.050.150.130.280.290.270.230.200.170.005.Operating Profit (before Interest)0.070.501.812.973.713.8729.2524.8929.11-44.906.Interest0.040.260.501.011.501.573.913.913.910.007.PBT0.030.251.312.052.382.6525.4421.0825.30-44.908.Tax0.010.080.410.740.810.878.406.968.350.009.PAT0.020.170.901.311.571.7817.0414.1216.95-44.9010.PBDIT (4+6+7)0.120.661.943.344.174.4929.5825.1829.37-44.9011.Paid Up Capital (PUC)0.110.112.712.713.013.263.263.263.260.0012.Total Outside Liabilities (TOL)5.624.6213.2820.5425.0323.3645.9142.9145.800.0013.Tangible Net Worth (TNW)1.511.855.096.4010.2610.0627.1041.2258.178.9614.Adjusted TNW1.511.855.096.4010.2610.0627.1041.2258.178.9615.Total Assets7.146.4718.3726.9435.2933.4259.7058.7665.850.0016..Intangible Assets0.010.000.000.000.000.000.000.000.000.0017.TTA (15-16)7.136.4718.3726.9435.2933.4259.7058.7665.850.0018.PBDIT/INT (10/6)3.002.543.883.312.782.867.576.457.520.0019.PBT/Net Sales0.75%2.50%2.91%2.94%3.01%3.59%18.43%13.26%13.83%0.00%20.PAT/Net Sales0.50%1.70%2.00%1.88%1.99%2.41%12.35%8.88%9.26%0.00%21.ROCE (PBDIT/TTA)1.68%10.20%10.56%12.40%11.82%13.44%49.54%42.85%44.60%0.00%22.(INV+RECV)/NET SALES (Days)518169121106121134105105105024.Current Ratio1.131.171.301.261.311.281.231.311.380.0025.TOL/TNW3.722.502.613.212.442.321.691.040.790.0026.TOL/TNW (Adjusted)3.722.502.613.212.442.321.691.040.790.0027.Cash Accrual0.070.321.031.591.862.0517.2714.3217.12-44.90FUNDS FLOW ANALYSIS2008200920102011201220132014201520161.Long Term Sources0.474.161.634.163.0618.0314.5217.12-0.802.Long Term Uses0.440.910.381.654.300.460.000.0045.953.Surplus/Deficit0.033.251.252.51-1.2417.5714.5217.12-46.75

Sheet120092010201120122013avgRetained profit / Total assets4.904.864.455.3328.544.74Net cash accrual / Total debt7.767.747.438.7837.637.64

ANALYSISDATA ANALYSISName:0OPERATING STATEMENTAmounts in Rs.LacsAuditedAuditedAuditedAuditedAuditedAuditedProjectionsProjectionsProjectionsProjections20072008200920102011201220132014201520161212121212912121212Excise Duty : Gross Sales0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%Annual Growth in Net Sales150.38%351.25%54.46%13.53%24.44%40.28%15.22%15.09%N/A1RATIO OF NET SALES TO :i.Raw materials (including stores andother items used in the process ofmanufacture)227.07%74.97%107.79%96.64%95.23%84.75%81.62%81.62%81.62%0.00%a.Imported0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%b.Indigenous227.07%74.97%107.79%96.64%95.23%84.75%81.62%81.62%81.62%0.00%ii.Other Spares0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%a.Imported0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%b.Indigenous0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%iii.Power and Fuel0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%iv.Direct Labour (Factory wages & salaries)1.00%1.00%0.87%0.82%0.99%1.11%1.11%1.11%1.11%0.00%v.Other manufacturing expenses4.01%2.10%2.22%2.44%1.54%1.30%1.30%1.30%1.30%0.00%vi.Depreciation1.25%1.50%0.29%0.40%0.37%0.37%0.17%0.12%0.09%0.00%vii.Selling, general and administrative expenses25.06%10.01%2.22%1.44%1.27%1.36%0.72%0.63%0.55%0.00%viii.Interest1.00%2.60%1.11%1.45%1.90%2.13%2.83%2.46%2.13%0.00%2COMPOSITION OF COST OF SALES :i.Raw materials (including stores andother items used in the process ofmanufacture)248.22%83.04%115.86%104.47%103.93%93.66%108.87%100.85%100.87%0.00%a.Imported0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%b.Indigenous248.22%83.04%115.86%104.47%103.93%93.66%108.87%100.85%100.87%0.00%ii.Other Spares0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%a.Imported0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%b.Indigenous0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%iii.Power and Fuel0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%iv.Direct Labour (Factory wages & salaries)1.10%1.11%0.93%0.88%1.08%1.23%1.48%1.37%1.37%0.00%v.Other manufacturing expenses4.38%2.33%2.38%2.64%1.68%1.44%1.74%1.61%1.61%0.00%vi.Depreciation1.37%1.66%0.31%0.43%0.40%0.40%0.22%0.15%0.11%0.00%vii.Accretion/Depletion in SIP & FG Stocks-155.07%11.86%-19.48%-8.43%-7.10%3.27%-12.31%-3.99%-3.97%100.00%CHECK TOTAL100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%3PERCENTAGE GROWTHS :i.Gross Sales150.38%351.25%54.46%13.53%-6.67%87.04%15.22%15.09%-100.00%ii.Gross Domestic Sales150.38%351.25%54.46%13.53%-6.67%87.04%15.22%15.09%-100.00%iii.Gross Exports0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%iv.Net Sales150.38%351.25%54.46%13.53%-6.67%87.04%15.22%15.09%-100.00%v.Total Raw Materials-17.33%548.73%38.49%11.87%-16.94%80.12%15.22%15.09%-100.00%vi.Imported Raw Materials0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%vii.Indegenous Raw Materials-17.33%548.73%38.49%11.87%-16.94%80.12%15.22%15.09%-100.00%viii.Other Spares0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%ix.Imported Spares0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%x.Indegenous Spares0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%xi.Power and Fuel0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%xii.Direct Labour (Factory wages & salaries)150.00%290.00%46.15%36.84%5.13%87.04%15.22%15.09%-100.00%xiii.Other manufacturing expenses31.25%376.19%70.00%-28.24%-21.31%87.04%15.22%15.09%-100.00%xiv.Depreciation200.00%-13.33%115.38%3.57%-6.90%-15.00%-15.00%-15.00%-100.00%xv.Selling, general and administrative expenses74.07%182.98%69.17%29.33%8.25%68.34%2.54%7.04%-100.00%xvi.Interest550.00%92.31%102.00%48.51%4.67%148.79%0.00%0.00%-100.00%4Non-Operating Income / Net Sales0.00%0.10%0.00%0.13%0.22%0.47%0.07%0.06%0.05%0.00%5Non-Operating Income / PBT0.00%4.00%0.00%4.39%7.14%13.21%0.39%0.47%0.40%0.00%6Net Profit / PBT66.67%68.00%68.70%63.90%65.97%67.17%66.98%66.98%67.00%100.00%7Retained Profit / Net Profit100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%8Cash Accrual / Net Sales1.75%3.20%2.28%2.28%2.35%2.78%12.51%9.00%9.35%0.00%9Average Cost of Borrowings1.06%7.72%12.35%8.84%9.88%10.12%12.60%15.54%15.62%0.00%BALANCE SHEET1COMPOSITION OF CURRENT LIABILITIESi.Short-term borrowing from banks64.23%70.25%29.29%55.41%60.49%64.72%67.52%58.26%54.59%0.00%ii.Short term borrowings from others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%iii.Sundry Creditors (Trade)33.15%23.71%63.63%37.71%31.75%13.01%16.36%25.20%27.18%0.00%iv.Advance payments from customers0.00%0.00%0.00%0.10%1.40%12.18%0.76%0.00%0.00%0.00%v.Provision for taxation0.19%2.24%3.09%4.68%5.04%6.90%13.71%16.21%18.23%0.00%vi.Dividend payable0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%vii.Other statutory liabilities (due within 1 year)0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%viii.Instalments payable within 1 year1.50%1.79%1.20%0.10%0.08%1.00%0.00%0.33%0.00%0.00%ix.Other current liabilities & provisions0.94%2.01%2.79%2.00%1.24%2.18%1.63%0.00%0.00%0.00%CHECK TOTAL100.00%100.00%100.00%100.00%100.00%100.00%99.99%100.00%99.99%0.00%2ANNUAL GROWTH : LIABILITIESi.Short-term borrowing from banks-8.45%23.89%192.03%33.01%-1.92%109.18%-19.35%0.00%-100.00%ii.Short term borrowings from others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%iii.Sundry Creditors (Trade)-40.11%697.17%-8.52%2.59%-62.42%151.97%44.02%15.09%-100.00%iv.Advance payments from customers0.00%0.00%0.00%1650.00%697.14%-87.46%-100.00%0.00%0.00%v.Provision for taxation900.00%310.00%134.15%31.25%25.40%298.51%10.48%20.02%-100.00%vi.Dividend payable0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%vii.Other statutory liabilities (due within 1 year)0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%viii.Instalments payable within 1 year0.00%100.00%-87.50%0.00%1050.00%-100.00%0.00%-100.00%0.00%ix.Other current liabilities & provisions-30.37%606.02%-2.66%7.99%-18.14%84.53%20.12%16.14%-100.00%x.Total Current Liabilities-16.29%197.09%54.37%21.85%-8.33%100.48%-6.53%6.74%-100.00%xi.Total Term Liabilities-46.43%-100.00%0.00%25.00%820.00%-100.00%0.00%0.00%0.00%xii.Total Outside Liabilities-17.79%187.45%54.67%21.86%-6.67%96.53%-6.53%6.74%-100.00%xiii.Net Worth21.71%175.14%25.74%60.31%-1.95%169.38%52.10%41.12%-84.60%xiv.Tangible Net Worth22.52%175.14%25.74%60.31%-1.95%169.38%52.10%41.12%-84.60%3COMPOSITION OF CURRENT ASSETSi.Cash and Bank Balances3.80%2.30%2.43%6.33%5.38%3.74%2.12%0.00%0.00%0.00%ii.Investments (other than long term)0.00%0.00%0.00%6.68%6.36%0.00%0.00%3.71%3.28%0.00%iii.Receivables0.00%0.77%12.57%7.96%8.49%20.47%10.14%11.80%12.03%0.00%iv.Instalments of deferred receivables0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%v.Inventory:93.55%88.10%73.89%70.67%71.28%71.91%59.79%69.54%70.83%0.00%vi.Raw materials0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%vii.Stocks-in-process0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%viii.Finished goods93.55%88.10%73.89%70.67%71.28%71.91%59.79%69.53%70.83%0.00%ix.Other consumable spares0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%x.Advances to suppliers of raw materials0.00%0.00%0.00%0.00%0.00%1.50%12.35%1.78%0.00%0.00%xi.Advance payment of taxes0.33%0.96%0.98%1.36%0.95%1.02%14.81%12.39%13.17%0.00%xii.Other current assets2.31%7.87%10.13%6.99%7.55%1.36%0.78%0.78%0.69%0.00%CHECK TOTAL100.00%100.00%100.00%100.00%100.00%100.00%99.99%100.00%100.01%0.00%4ANNUAL GROWTH : ASSETSi.Cash and Bank Balances-47.83%250.00%288.10%7.98%-37.50%9.09%-100.00%0.00%0.00%ii.Investments (other than long term)0.00%0.00%0.00%20.93%-100.00%0.00%0.00%0.00%-100.00%iii.Receivables0.00%5325.00%-5.53%35.61%116.55%-4.49%15.22%15.09%-100.00%iv.Instalments of deferred receivables0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%v.Inventory:-18.90%178.00%42.55%28.26%-9.34%60.24%15.17%15.04%-100.00%vi.Raw materials0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%vii.Stocks-in-process0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%viii.Finished goods-18.90%178.00%42.55%28.26%-9.34%60.23%15.16%15.05%-100.00%ix.Other consumable spares0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%x.Advances to suppliers of raw materials0.00%0.00%0.00%0.00%0.00%1490.91%-85.71%-100.00%0.00%xi.Advance payment of taxes150.00%240.00%105.88%-11.43%-3.23%2698.40%-17.14%20.02%-100.00%xii.Other current assets192.86%326.83%2.86%37.22%-83.81%10.00%0.00%0.00%-100.00%xiii.Total Current Assets-13.88%231.48%49.04%27.16%-10.14%92.72%-0.97%12.93%-100.00%xiv.Gross Block4.55%54.35%26.76%18.89%96.73%0.00%0.00%0.00%-100.00%xv.Net Block-12.05%50.68%9.09%4.17%144.00%-7.54%-6.74%-6.46%-100.00%xvi.Total Other Non-current Assets112.00%-100.00%0.00%0.00%-26.72%-79.17%-100.00%0.00%0.00%xvii.Intangible Assets-100.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%xviii.Net Working Capital4.23%439.19%31.33%47.90%-16.00%65.44%22.75%33.06%-100.00%5TOL / TNW3.722.502.613.212.442.321.691.040.790.006(TL + Net Worth) : Net Block216.87%273.97%462.73%536.67%824.80%344.92%960.99%1567.30%2364.63%0.00%7(TL + TNW) : Tangible Non Current Assets165.74%158.73%462.73%536.67%402.73%262.34%897.35%1567.30%2364.63%0.00%8Net Block : TL230.56%317.39%687.50%2000.00%1785.71%442.03%0.00%1878.57%0.00%0.00%9(Inventories + Rec) : S.T. Bank Borrowings165.01%147.45%383.80%178.17%172.80%183.33%127.87%182.62%210.10%0.00%10Current Assets : S.T. Bank Borrowings176.38%165.92%443.96%226.58%216.61%198.45%182.84%224.52%253.56%0.00%11PL Depreciation : Average Gross Block5.68%16.67%11.11%17.39%14.72%8.50%5.45%4.63%3.94%0.00%