FIRM's Name: AK-RK ASSOCIATES OPERATING STATEMENT As per Profit & Loss Account for the year Rs.

in lacs PROJECTED 31.03.11 31.03.12 31.03.13 31.03.14 58.68 58.68 70.42 70.42 58.68 58.68 70.42 70.42

1. Gross Sales 2. Less: Excise Duty 3. Net Sales Year-wise percentage increase in net sales 4. Cost Of Sales a) Raw Materials (Incl. Stores) - Imported - Indigenous b) direct labour c) Power & Fuel d) feight & cartage e) Repairs & maintenance f) Other Manf.Exp.g) Depreciation Sub - Total Add: Opening Stock in Progress Sub - Total Less:Closing Stock in Process Cost of production Sub - Total Add: Opening Stock of Finished Goods Sub - Total Less:Closing Stock of Finished Goods Cost of Sales Sub - Total 5. Gross Profit (3-4) 6. Selling,general & Administrative Exps. 7. Interest - Term Loan -Working Capital -Others Sub - Total 8. Operating Profit (5-(6+7) 9. Other Income/Expenses Add: Income Less: Expenses Sub - Total 10.Profit Before Tax/(Loss) (8+9) Less: Provision for Dev.Rebate/Invest.All) Less: TAX PAID 11.Net Profit

31.03.10 0.70 0.70

0.00 0.00

19.13 19.13

17.22 17.22

15.50 15.50

13.95 13.95

0.00 0.70 1.38 11.25

19.13 39.55 2.42 20.50

17.22 41.46 2.58 19.00

15.50 54.92 2.75 15.50

13.95 56.47 2.94 11.25

12.63 -11.93

0.00 -11.93 0.00 -11.93

22.92 16.63 0.00 0.00 0.00 0.00 16.63 1.44 15.19

21.58 19.88 0.00 0.00 0.00 0.00 19.88 4.62 15.26

18.25 36.67 0.00 0.00 0.00 0.00 36.67 11.23 25.44

14.19 42.28 0.00 0.00 0.00 0.00 42.28 12.94 29.34

FIRM's Name: AK-RK ASSOCIATES OPERATING STATEMENT As per Profit & Loss Account for the year Rs. in lacs PROJECTED 31.03.11 31.03.12 31.03.13 31.03.14

31.03.10 Current Liabilities 1. Short Term Borrowings from Banks a) From Allahabad Bank b) From Other Banks Sub Total (A) 2. Short Term Borrowings from others

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

12.00

0.00

0.00

0.00

0.00

3. Deposits Maturing in one Year 4. Sundry Creditors (Trade) 5. Unsecured Loans 6. Advances/Progress Payments from customers/deposits from dealers 7. Interest and other Charges accrued,but not due for pay. 8. Provision For Taxation 9. Dividends Payable 10.Other Statutory Liabilities (due in one year) 11.Instalments of Term Loans/ DPG/Debenture Redeemable(Car Loan) Preference Shares (due in one year) 12 Other Current Liabilities & Expenses Provisions (due in the year) Sub Total (B) 13 Total Current Liabilities(A+B) 150

0.00

1.44

4.62

11.23

12.94

21.00

30.00

30.00

30.00

30.00

33.00 33.00

31.44 31.44

34.62 34.62

41.23 41.23

42.94 42.94

Notes:

FIRM's Name: AK-RK ASSOCIATES OPERATING STATEMENT As per Profit & Loss Account for the year Rs. in lacs PROJECTED 31.03.11 31.03.12 31.03.13 31.03.14

31.03.10 Term Liabilities 14. Debentures (not maturing in one year) 15. Redeemable Preference Shares maturing after 1 yr 16. Term Loans (Repayable after one year) 16a Borrowings From Gr. Cos. Directors/Friends/Relatives 17. Deferred Payment Credits 18. Term Deposits (Repayable after one year) 19. Other Term Liabilities 20. Total Term Liabilities (total of item 14 to 19) 21. Total Outside Liabilities (13+20)

179.00

149.00

119.00

89.00

59.00

179.00

149.00

119.00

89.00

59.00

212.00

180.44

153.62

130.23

101.94

Net Worth 22. Ordinary Share Capital 23. Preference Share Capital (maturing after 12 years) 24. General Reserve 25. Deelopment Rebate reserve/ Investment allowance 26. Other Reserves (Excl Prov.) 27. Surplus/(Deficit) in P&L A/C 28. Net Worth (total of 22 to 27) 29. Total Liabilities (21 to 28) Check 50.00 50.00 50.00 50.00 50.00

-11.93

3.26

18.52

43.96

73.30

38.07 250.07 0.00

53.26 233.70 0.00

68.52 222.14 0.00

93.96 224.19 0.00

123.30 225.24 0.00

FIRM's Name: AK-RK ASSOCIATES OPERATING STATEMENT As per Profit & Loss Account for the year Rs. in lacs PROJECTED 31.03.11 31.03.12 31.03.13 31.03.14

31.03.10 Current Assets: 0.07

30. Cash and Bank Balances 31. Investments (Other than Long Term investmenst) a) Govt. & Others b) FDs in Banks 32. Receivables other than defe rred and export receivables (due in one year) b) Export Receivables 33. Instalment of Deferred Rec. 34. Inventory: a) Raw Materials - Imp. (incl Stores) - Ind. b) Stocks in Process c) Finished Goods d) Other Consumable Spares 35. Advances to Suppliers or raw material and stores & spares consumable 36. Advance Payment of Taxes 37. Other Current Assets 38. Total Current Assets (total from 30 to 37)

2.29

5.67

17.51

31.70

0.00 9.00 9.07

1.44 8.10 11.83

4.62 7.20 17.49

11.23 6.30 35.04

12.94 5.40 50.04

FIRM's Name: AK-RK ASSOCIATES OPERATING STATEMENT As per Profit & Loss Account for the year Rs. in lacs PROJECTED 31.03.11 31.03.12 31.03.13 31.03.14

31.03.10 Fixed Assets 39. Gross Block (Land,Building Machinery, Const.in Prog.) 40. Depreciation to date 41. Net Block (39-40) 42. Investments/book debts/ad vances deposits which are not current assets: a) investments in subsidiary companies/affidavits etc) b) Adv. To Suppliers of Cap. Goods,spares,contractors for capital expenditure etc. c) loan & advances 241.00 0.00 241.00

241.00 19.13 221.87

241.00 36.35 204.65

241.00 51.85 189.15

241.00 65.80 175.20

43 Non Consumable stores 44. Other Misc. Assets-

45. Total Non Current Assets (42+43+44) 46. Intangible Assets (Patents Goodwill and Preliminary Exps.) 47. Total Assets (38+41+45+46) 48. Tangible Net Worth (28-46) 49. Net Working Capital(38-13)

250.07 38.07 -23.93

233.70 53.26 -19.61

222.14 68.52 -17.13

224.19 93.96 -6.19

225.24 123.30 7.10

Check - Total Assets - Total Liabil.

0.00

0.00

0.00

0.00

0.00

FIRM's Name: AK-RK ASSOCIATES PART B: POSITION REGARDING CURRENT ASSETS AND CURRENT LIABILITIES Rs. in lacs PROJECTED 31.03.11 31.03.12 31.03.13 31.03.14

31.03.10 CURRENT ASSETS (I) RAW MATERIALS (including stores and other items used in the process of manufacturing) Imported (Months consumption) Indigenous (Months consumption) (ii) Other Consumable Stores
(Excluding those included under item (I) above)

(Months consumption) (iii) Stock in Process (Months Cost of Production) (iv) Finished Goods (Months Cost of Sales) (v) Receivables other than Export and Deferred
(Months domestic sales excluding D P sales)

(vi) Export Receivables (Months Export sales) (vii) Advances to suppliers of Raw Materials and stores / spares) (viii) Other Current Assets including cash and bank balance and deferred receivables due within one year TOTAL CURRENT ASSETS
(To agree with item 38 in Form III A)

0.07

3.73

10.29

28.74

44.64

0.07

3.73

10.29

28.74

44.64

FIRM's Name: AK-RK ASSOCIATES PART B: POSITION REGARDING CURRENT ASSETS AND CURRENT LIABILITIES Rs. in lacs PROJECTED 31.03.11 31.03.12 31.03.13 31.03.14

31.03.10 II) CURRENT LIABILITIES (Other than Bank Borrowings for working capital) (I) Creditors for purchases of Raw Material and stores and consumable spares) (ii) Advances from customers (iii) Instalment of Term Loan (iv) Statutory liabilities (v) Other Current Liabilities (vi) Provision for Taxation SUB TOTAL (CURRENT LIABILITIES) (To agree with sub total (B) in Form III A) III) WORKING CAPITAL GAP (I minus II) IV) Actual / Projected Bank borrowings for working capital including bills purchased and discounted and excess borrowing placed on repayment basis. (To agree with Sub Total (A) in Form III A) V) TOTAL CURRENT LIABILITIES (To agree with item 13 in Form III A)
VI) NET WORKING CAPITAL (I minus V)

0.00 0.00

1.44 1.44

4.62 4.62

11.23 11.23

12.94 12.94

0.07

2.29

5.67

17.51

31.70

33.00

31.44

34.62

41.23

42.94

(To agree with itwem 49 in Form III A)

-23.93

-19.61

-17.13

-6.19

7.10

FIRM's Name: AK-RK ASSOCIATES

PART C: COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

31.03.10 FIRST METHOD OF LENDING 1) WORKING CAPITAL GAP (Item III of Part B) 2) MINIMUM STIPULATED NET WORKING CAPITAL (20% of item 1) 3) ACTUAL / PROJECTED NET WORKING CAPITAL (item VI of Part B) 4) Item 1 minus item 2 5) Item 1 minus item 3 6) MAXIMUM PERMISSIBLE BANK FINANCE (Item 4 or 5, whichever is less) 7) Excess borrowing representing shortfall in Net Working Capital to be converted into Working Capital Term Loan (item 2 minus item 3). SECOND METHOD OF LENDING 1) WORKING CAPITAL GAP (Item III of Part B) 2) MINIMUM STIPULATED NET WORKING CAPITAL (20% of TOTAL CURRENT ASSETS I.e., item I of Part B) 3) ACTUAL / PROJECTED NET WORKING CAPITAL (item VI of Part B) 4) Item 8 minus item 9 5) Item 8 minus item 10 6) MAXIMUM PERMISSIBLE BANK FINANCE (Item 11 or 12, whichever is less) 7) Excess borrowing representing shortfall in Net Working Capital (item 9 minus item 10).

Rs. in lacs PROJECTED 31.03.11 31.03.12 31.03.13 31.03.14

2.29

5.67

17.51

31.70

0.75

2.06

5.75

8.93

-19.61

-17.13

-6.19

7.10

1.54 21.90

3.61 22.80

11.76 23.70

22.77 24.60

0.00

0.00

0.00

0.00

2.29

5.67

17.51

31.70

0.75

2.06

5.75

8.93

-19.61

-17.13

-6.19

7.10

1.54 21.90

3.61 22.80

11.76 23.70

22.77 24.60

0.00

0.00

0.00

0.00

FIRM's Name: AK-RK ASSOCIATES PART B: ANALYTICAL AND COMPARATIVE RATIOS Rs. in lacs PROJECTED 31.03.11 31.03.12 31.03.13 31.03.14

31.03.10

1) Net Sales (Item 3 in Form II A) 2) % rise (+) or fall (-) in Net Sales
during the year as compared to previous year

3) Profit before Tax (+) or Loss (-) (Item 10 in Form II A) 4) Net profit after Tax (+) or Loss (-) (Item 12 in Form II A) 5) (a) Equity Dividend declared (b) Equity Dividend Paid Rate % of (a) (d) Rate % of (b) 6) Retained profits 7) Retained Profit / Net profit% 8) Raw Material (including stores and items used in process of manufacture) (a) imported {item 34(I) (a) in Form III A} Months consumption (b) Indigenous {item 34 (I) (a) in Form III A} Months consumption
9) Stock in process {item 34 (ii) in Form III A}

Months consumption 10) Finished Goods {item 34 (iii) in Form III A} Months consumption 11) Other consumables Spares {item 34 (iv) in Form III A} What is the % to total inventory and how many months consumption represent? 12) (a) receivables other than export and deferred receivables {item 32 (I) in F. III A} How many months domestic sales other than sales on D.P it represents?

FIRM's Name: AK-RK ASSOCIATES PART B: ANALYTICAL AND COMPARATIVE RATIOS Rs. in lacs PROJECTED 31.03.11 31.03.12 31.03.13 31.03.14

31.03.10

(b) Export receivables {item 32 (ii) in Form III A} Months Export sales it represents? 13) Sundry Creditors {item 32 (I) in Form III A} How many months purchase it represents? 14) Net Working Capital {item 49 in Form III A} 15) Current Ratio { item 33/13 in Form III A} 16) Tangible Net Worth {item 49 in F III A} 17) (a) Total outside Liabilities / Tangible Net worth {item 21 / item 48 in F III A} (b) Total Term Liabilities / Tangible Net Worth {item 20 / item 48 in F III A} 18) (a) Bk Borrowings / Total Tangible Assets {item 3 in F III A/ item 47 minus item 45 in Form III A}