M/S NAMO CERAMIC

Address: SURVEY NO 151,GJ-SH -7, MALIYA HALVAD

HIGHWAY, NR. ANIYARI CHOKWDI, MORBI -
363630

CMA DATA FOR

ENHANCEMENT OF
CASH CREDIT OF 300 TO 600 LACS

M/S NAMO CERAMIC

SURVEY NO 151,GJ-SH -7, MALIYA HALVAD HIGHWAY,
NR. ANIYARI CHOKWDI, MORBI - 363630
 Bank: SAURASHTRA GRAMIN BANK - LALPAR BRANCH T&ME - 1

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

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

Sl. No.
NAME OF BANK / FINANCIALNATURE OF FACILITY EXISTING EXTENT TO WHICH LIMITS BAL.O/S LIMITS NOW
INSTITUTION LIMITS WERE UTILISED DURING AS ON REQUESTED
LAST 12 MONTHS 31st March, 2019
MAX. MIN.
A. WORKING CAPITAL LIMITS:

FUND BASED
CASH CREDIT 300.00 - - 199.12 300.00

NON FUND BASED Letter of Credit - - - - -

B. TERM LOANS/DPGS Term Loan 675.00 - - 396.51 -

EXCLUDING WORKING
CAPITAL TERM LOANS

TOTAL 975.00 - - 595.63 300.00

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: NAMO CERAMIC ( Rs.in Lakhs )

Sl. No. Name of the Associate Annual makeup of A/c Limits from all Banks and fincial institutions
Company & Activity (Date of B/S)
Name of Working Capital Term loan Overdues,if
Bank/finan Funds Non-fund & any
cial Instn. Based Based DPG

1 Akruti Ceramics Pvt.Ltd. 31.03.2019 Axis Bank 142.00 - - 0

142.00 - - -
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II : OPERATING STATEMENT

Name: NAMO CERAMIC (Amount Rs. In Lakhs)

Page 1
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
PARTICULARS ACTUALS AS PER ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
(1) (2) (3) (4) (5) (6)

Raw Material Consumption quantity 0.000 0.000 0.000 0.000 0.000 0.000
Sales quantity \
0.000 0.000 0.000 0.000 0.000 0.000
Rejects and Scraps 0.000 0.000 0.000 0.000 0.000 0.000
Total 0.000 0.000 0.000 0.000 0.000 0.000
1) GROSS INCOME:
I) Sales (net of returns)

a) Domestic Sales 1,831.83 2,226.94 2,803.68 2,915.83 3,032.46 3,153.76

b) Export Sales - - 486.00 495.72 505.63 515.75
c) Sub-total (a+b) 1,831.83 2,226.94 3,289.68 3,411.55 3,538.09 3,669.51
Less: GST - 265.06 427.68 444.79 462.58 481.08
Net Sales 1,831.83 1,961.88 2,862.00 2,966.76 3,075.52 3,188.42
d) Percentage rise (+) or fall (-) in sales turnover as
compared to previous year NA 21.57% 47.72% 3.70% 3.71% 3.71%

II) Other Income

a) Other Income - - - - - -
b) Miscellaneous Income - - - - - -
III) Total (I) + (II) 1,831.83 1,961.88 2,862.00 2,966.76 3,075.52 3,188.42
2. COST OF SALES:
0.00% 0.00% 45.88% 3.66% 3.67% 3.67%
I) Raw Materials( Including Stores and other items used
in the process of Manufacture )
- Imported - - - - - -
- Indegeneous 1,056.54 889.87 1,559.79 1,602.05 1,648.48 1,728.13
II) Power and Fuel 450.95 661.07 858.60 881.13 950.33 985.22
III) Direct Labour ( Wages,Salaries, Bonus, Staff Welfare e 20.78 20.14 28.62 29.67 30.76 31.88
IV) Other Manufacturing expenses 19.39 89.84 95.23 99.99 104.99 110.24
V) Depreciation 124.23 107.33 91.43 82.72 71.14 61.18
Sub-total (I to V) 1,671.89 1,768.25 2,633.67 2,695.56 2,805.70 2,916.66

Contd...2
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II : OPERATING STATEMENT

Name: NAMO CERAMIC (Amount Rs. In Lakhs)

Page 2
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
PARTICULARS ACTUALS AS PER ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
(1) (2) (3) (4) (5) (6)

IV) Add : Opening stock of W.I.P. 14.39 18.37 23.23 25.00 26.00 27.00
V) Sub-total (III+IV) 1,686.28 1,786.62 2,656.90 2,720.56 2,831.70 2,943.66
VI) Less : Closing Stock W.I.P. 18.37 23.23 25.00 26.00 27.00 28.00
VII) Sub-total (V-VI)( Total Cost of Production ) 1,667.91 1,763.39 2,631.90 2,694.56 2,804.70 2,915.66
VIII) Add : Opening stock of Finished Goods 176.75 167.17 123.48 170.00 175.00 178.00
IX) Sub-total (VII+VIII) 1,844.66 1,930.56 2,755.38 2,864.56 2,979.70 3,093.66
X) Less : Closing Stock of Finished Goods 167.17 123.48 170.00 175.00 178.00 180.00
XI) Sub-total ( Total cost of Sales ) 1,677.49 1,807.08 2,585.38 2,689.56 2,801.70 2,913.66
91.57% 81.15% 78.59% 78.84% 79.19% 79.40%
3. SELLING, GENERAL & ADMINISTRATIVE EXPENSES 17.14 31.23 43.72 45.91 48.20 50.61

4. OPERATING PROFIT BEFORE INTEREST[1(III) - 2(XI) - 3] 137.20 123.57 232.90 231.29 225.61 224.15
7.49% 5.55% 7.08% 6.78% 6.38% 6.11%
5. INTEREST AND FINANCIAL CHARGES
- Interest on Working Capital 30.97 29.82 67.50 67.50 67.50 67.50
- Interest on Term Loan 69.29 49.60 39.28 26.71 14.14 2.44

7. OPERATING PROFIT AFTER INTEREST [4 - 5 - 6] 36.94 44.15 126.12 137.08 143.97 154.21

8. I) Add: Other non-operating Income

(a) Interest received 38.51 32.03 - - - -
(b) Prior period income - - - - - -
(c) Others 0.85 3.32 - - - -
(d) sub-total (INCOME) 39.36 35.35 - - - -
II) Less: Other non-operating expenses
(a) Partner remu.& Interest 28.97 32.73 40.00 40.00 40.00 45.00
(b) - - - - - -
(c) Sub-total (EXPENSES) 28.97 32.73 40.00 40.00 40.00 45.00
III) Net of other non-operating Income / Expenses [Net of 8 (I) & 8 10.39 2.62 (40.00) (40.00) (40.00) (45.00)

9. PROFIT BEFORE TAX / (LOSS) [7 + 8(III)] 47.33 46.77 86.12 97.08 103.97 109.21

10. PROVISION FOR TAXES - - - - - -

11. NET PROFIT/LOSS (9-10) 47.33 46.77 86.12 97.08 103.97 109.21
PBT to Sales % 2.58 2.38 3.01 3.27 3.38 3.43
NP 2.58 2.38 3.01 3.27 3.38 3.43
CASH PROFIT 171.56 154.10 177.55 179.80 175.11 170.39
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II : OPERATING STATEMENT

Name: NAMO CERAMIC (Amount Rs. In Lakhs)

Page 3
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
PARTICULARS ACTUALS AS PER ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
(1) (2) (3) (4) (5) (6)

12. (a) Equity Dividend Paid - - - - - -

(b) Dividend Rate

13. RETAINED PROFIT (11-12) 47.33 46.77 86.12 97.08 103.97 109.21

14. RETAINED PROFIT/NET PROFIT (%AGE) [13 / 11] 100.00 100.00 100.00 100.00 100.00 100.00

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: NAMO CERAMIC (Amount Rs. In Lakhs)

Page 4
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
PARTICULARS ACTUALS AS PER ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
(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 301.74 199.11 600.00 600.00 600.00 600.00
(b) from other banks - - - - - -
(c) (of which BP & BD) (-) (-) (-) (-) (-) (-)
Sub-total (A) 301.74 199.11 600.00 600.00 600.00 600.00
2. Short term borrowings from others - - - - - -
3. Sundry Creditors (Trade) 570.07 900.70 324.96 267.01 240.40 216.02
4. Advance payments from customers / deposits from dealers 29.08 49.80 - - - -
5. Provision for taxation - - - - -
6. Dividend payable - - - - -
7. Other statutory liabilities [due with in one year] 19.05 9.17 12.00 15.00 18.00 20.00
8. Deposits/Debentures/Instalments under term loans / DPGs etc.] 111.74 111.74 111.74 111.74 74.49 -
( due with in one year )
9. Other current liabilities and Provisions 0.25 8.23 0.35 0.45 0.55 0.65
(due with in one year)
(Specify major Items)
Sub-total (B) 730.19 1,079.64 449.04 394.19 333.44 236.67
10. TOTAL CURRENT LIABILITIES [ Total of 1 to 9] 1,031.93 1,278.75 1,049.04 994.19 933.44 836.67

Contd...5
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET

Name: NAMO CERAMIC (Amount Rs. In Lakhs)

Page 5
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
PARTICULARS ACTUALS AS PER ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
(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 409.70 284.78 173.04 74.49 - -
Term Loan II 1.70 - - - - -
Term Loan III - - - - - -
14. Deferred Payment Credits
( excluding instalments due with in one year ) - - - - - -
15. Term deposits ( repayable after one year ) 38.91 82.41 131.00 131.00 131.00 131.00
16. Other term liabilities - Unsecured Loans - - - - - -
17. TOTAL TERM LIABILITIES 450.31 367.19 304.04 205.49 131.00 131.00
(Total of 11 to 16)
18. TOTAL OUTSIDE LIABILITIES ( 10 + 17 ) 1,482.23 1,645.93 1,353.08 1,199.68 1,064.44 967.67

NET WORTH
19. Share capital 292.97 361.05 440.99 616.93 754.01 897.98
20. Addition of Capital 7.17 10.13 49.82 - - -
21. Withdrawal (15.39) (9.69) - - - -
22. Remuneration+Interest 28.97 32.73 40.00 40.00 40.00 45.00
23. Surplus (+) or deficit (-) in
Profit & Loss account 47.33 46.77 86.12 97.08 103.97 109.21
24. NET WORTH 361.05 440.99 616.93 754.01 897.98 1,052.19
25. TOTAL LIABILITIES ( 18 + 24 ) 1,843.28 2,086.92 1,970.01 1,953.69 1,962.42 2,019.85

Contd...6
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET

Name: NAMO CERAMIC (Amount Rs. In Lakhs)

Page 6
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
PARTICULARS ACTUALS AS PER ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
(1) (2) (3) (4) (5) (6)
CURRENT ASSETS

26. Cash and bank balances 17.67 7.16 7.50 8.50 9.00 10.00
27. Investments (other than long term Investments) -
(I) Government & other trustee securities - - - - - -
(II) Fixed deposits with Banks & others 55.58 31.53 31.53 31.53 31.53 31.53
28. (I) Receivables other than deferred & exports
(Including bills purchased & discounted by bankers) 648.33 872.08 691.65 716.97 743.25 770.54
(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 53.81 253.05 300.00 310.00 340.00 360.00
Stocks in Process 18.37 23.23 25.00 26.00 27.00 28.00
Finished goods 167.17 123.48 170.00 175.00 178.00 180.00
Goods in Transit - - - - - -
Other consumable spares - - -
31. Advances to suppliers of merchandise 9.04 9.04 50.00 50.00 60.00 100.00
32. Advance payment of taxes 29.84 2.05 32.00 35.00 36.00 37.00
33. Other current assets 63.06 82.99 71.45 92.53 100.62 126.95
(specify major Items)
34. TOTAL CURRENT ASSETS
(Total of 26 to 33) 1,062.87 1,404.61 1,379.13 1,445.53 1,525.40 1,644.02

Contd...7
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - III : ANALYSIS OF BALANCE SHEET

Name: NAMO CERAMIC (Amount Rs. In Lakhs)

Page 7
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
PARTICULARS ACTUALS AS PER ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
(1) (2) (3) (4) (5) (6)
FIXED ASSETS

35. Gross Block (land, building, machinery, furniture, fittings & vehicl 904.64 913.87 913.87 913.87 913.87 913.87
36. Depreciation to date 124.23 231.56 322.99 405.71 476.85 538.04
37. NET BLOCK (35-36) 780.41 682.31 590.88 508.16 437.02 375.83

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 ) 1,843.28 2,086.92 1,970.01 1,953.69 1,962.42 2,019.85
44. TANGIBLE NET WORTH (24-42) 361.05 440.99 616.93 754.01 897.98 1,052.19
45. NET WORKING CAPITAL [(17+24)-(37+41+42)] 30.95 125.87 330.09 451.34 591.96 807.35
To tally with (34-10) 30.95 125.87 330.09 451.34 591.96 807.35
46. CURRENT RATIO (34/10) 1.03 1.10 1.31 1.45 1.63 1.96
47. TOTAL OUTSIDE LIABILITIES/TANGIBLE NET WORTH (18/44) 4.11 3.73 2.19 1.59 1.19 0.92
0.01 0.01 0.00 0.00 (0.00) (0.00)
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

Contd...8
CMA-FMT3D Suggestions : Email to ranjansr@yahoo.com
31.03.201 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
Total Liabilities 1843.28 2086.92 1970.01 1953.69 1962.42 2019.85
Total Assets 1843.28 2086.92 1970.01 1953.69 1962.42 2019.85

Difference 0.00 0.00 0.00 0.00 0.00 0.00

Tallies Tallies Tallies Tallies Tallies Tallies
Depreciation tallies tallies tallies tallies no

Curr. Ratio 1.03 1.10 1.31 1.45 1.63 1.96

TOL/TNW 4.11 3.73 2.19 1.59 1.19 0.92
Levels permitted / assumed
RM (imported) 0.00
RM (indig.) (0.61) (3.41) (2.31) (2.32) (2.48) (2.50)
SIP (0.13) (0.16) (0.11) (0.12) (0.12) (0.12)
Finished Goods (1.20) (0.82) (0.79) (0.78) (0.76) (0.74)
Receivables (4.25) (4.70) (2.96) (2.95) (2.94) (2.93)
Sundry Cred. (6.47) (12.15) (2.50) (2.00) (1.75) (1.50)

Instructions
1. a) In Form-II, Form-III and elsewhere, areas shaded in blue represent formulas not to be altered
b) In fin-param, opening stock of imp.raw material and indig.raw material to be entered in work-
sheet area in cells c53 and c58 for correct value of sundry creditors to purchases (days) in C34
c) Ensure to enter receivables over six months in Form-III, F129 for correct CRA rating
2. To check for errors, press {Control + E}
3. In Form-II / III, CRA and Fin-param sheets, areas shaded in yellow represent unprotected cells for data input.
4. When printing Form-III, note that column J is not printed. Use print preview to make adjustment.
5. When entering data in Form-II and Form-III, pls ensure that space bar is not pressed in a blank
cell. While the cell will appear empty, Excel reads it as non-numeric data and generates
error message "VALUE" in any dependent cell.
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

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

Name: NAMO CERAMIC (Amount Rs. In Lakhs)

Page 8
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
PARTICULARS ACTUALS AS PER ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
A. CURRENT ASSETS
1. Raw Materials ( Including Stores and Spares)
Imported - - - - - -
( Months' consumption )
Indigeneous [Including Goods in Transit] 53.81 253.05 300.00 310.00 340.00 360.00
( Months' consumption) (0.61) (3.41) (2.31) (2.32) (2.48) (2.50)
2. Stocks in Process 18.37 23.23 25.00 26.00 27.00 28.00
( Months' cost of Production ) (0.13) (0.16) (0.11) (0.12) (0.12) (0.12)
3. Finished Goods 167.17 123.48 170.00 175.00 178.00 180.00
( Months' cost of sales ) (1.20) (0.82) (0.79) (0.78) (0.76) (0.74)
4. Other consumable spares - - - - - -
( Months' consumption) - - - - - -
5. Receivables other than export & deferred receivables
(incldg.bills purchased & discounted by bankers) 648.33 872.08 691.65 716.97 743.25 770.54
(Months' domestic sales) (4.25) (4.70) (2.96) (2.95) (2.94) (2.93)
6. Export receivables (incl.bills purch.& disc.) - - - - - -
7. Advances to suppliers of merchandise 9.04 9.04 50.00 50.00 60.00 100.00
8. Other current assets incl.cash & bank balances & deferred
receivables due within one year (specify major items) 166.15 123.73 142.48 167.56 177.15 205.48
9. TOTAL CURRENT ASSETS (To agree with item 34 in Form - III) 1,062.87 1,404.61 1,379.13 1,445.53 1,525.40 1,644.02
- - - - - -
B. CURRENT LIABILITIES
(Other than bank borrowings for working capital)

10. Sundry Creditors ( Trade ) 570.07 900.70 324.96 267.01 240.40 216.02
(Months' purchases) (6.47) (12.15) (2.50) (2.00) (1.75) (1.50)
11. Advances from customers/deposits from dealers 29.08 49.80 - - - -
12. Statutory liabilities [Including Provision for Taxation] 19.05 9.17 12.00 15.00 18.00 20.00
13. Other current liabilities (specify major items)
Short Term borrowings, unsecured loans, dividend payable,
instalments of TL, DPG,public deposits, debentures etc.) 111.99 119.97 112.09 112.19 75.04 0.65
14. TOTAL ( To agree with sub total B Form - III ) 730.19 1,079.64 449.04 394.19 333.44 236.67

Contd...9
- - - - - -
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

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

Name: NAMO CERAMIC (Amount Rs. In Lakhs)

Page 9
As per Balance Sheet as at
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
LAST LAST CURRENT FOLLOWING FOLLOWING FOLLOWING
PARTICULARS YEAR YEAR YEAR YEAR YEAR YEAR
ACTUALS ACTUALS ESTIMATES ESTIMATES ESTIMATES ESTIMATES
(1) (2) (3) (4) (5) (5)
METHOD OF LENDING: I

1. TOTAL CURRENT ASSETS (9 in Form -IV) 1,062.87 1,404.61 1,379.13 1,445.53 1,525.40 1,644.02

2. Other Current Liabilities (Other than bank borrowing) 730.19 1,079.64 449.04 394.19 333.44 236.67

(14 of Form - IV)

3. Working capital gap (WCG) (1-2) 332.69 324.98 930.09 1,051.34 1,191.96 1,407.35

4. Minimum Stipulated Net Working Capital 83.17 81.24 232.52 262.83 297.99 351.84

i.e.25% of WCG

5. Actual/projected net working capital 30.95 125.87 330.09 451.34 591.96 807.35

(45 in Form III)

6. Item 3 minus Item 4 249.51 243.73 697.56 788.50 893.97 1,055.52

7. Item 3 minus Item 5 301.74 199.11 600.00 600.00 600.00 600.00

8. Maximum permissible bank finance [MPBF] 249.51 199.11 600.00 600.00 600.00 600.00

(Item 6 or 7 whichever is lower)

9. Excess borrowings representing shortfall in

NWC (4-5) 52.22 - - - - -

Contd…10
 As per Balance Sheet as at
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
LAST LAST CURRENT FOLLOWING FOLLOWING FOLLOWING
YEAR YEAR YEAR YEAR YEAR YEAR
ACTUALS ACTUALS ESTIMATES ESTIMATES ESTIMATES ESTIMATES
(1) (2) (3) (4) (5) (5)
METHOD OF LENDING: II

1. TOTAL CURRENT ASSETS (9 in Form -IV) 1,062.87 1,404.61 1,379.13 1,445.53 1,525.40 1,644.02
2. Other Current Liabilities (Other than bank borrowing) 730.19 1,079.64 449.04 394.19 333.44 236.67
(14 of Form - IV)
3. Working capital gap (WCG) (1-2) 332.69 324.98 930.09 1,051.34 1,191.96 1,407.35
4. Minimum Stipulated Net Working Capital 265.72 351.15 344.78 361.38 381.35 411.00
i.e.25% of CA
5. Actual/projected net working capital 30.95 125.87 330.09 451.34 591.96 807.35
(45 in Form III)
6. Item 3 minus Item 4 66.97 (26.18) 585.30 689.96 810.61 996.35
7. Item 3 minus Item 5 301.74 199.11 600.00 600.00 600.00 600.00
8. Maximum permissible bank finance [MPBF] 66.97 (26.18) 585.30 600.00 600.00 600.00
(Item 6 or 7 whichever is lower)
9. Excess borrowings representing shortfall in
NWC (4-5) 234.77 225.28 14.69 - - -
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM VI : FUNDS FLOW STATEMENT

Name: NAMO CERAMIC (Amount Rs. In Lakhs)

Page 10
As per Balance Sheet as at
31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
LAST CURRENT FOLLOWING FOLLOWING FOLLOWING
PARTICULARS YEAR YEAR YEAR YEAR YEAR
ACTUALS ACTUALS ESTIMATES ESTIMATES ESTIMATES
(1) (2) (3) (4) (5)
1. SOURCES
a) Net Profit (after tax) 46.77 86.12 97.08 103.97 109.21
b) Depreciation 107.33 91.43 82.72 71.14 61.18
c) Miscellaneous Expenditure Written off - - - - -
d) Increase in capital 68.08 79.94 175.94 137.08 143.97
e) Increase in Term Liabilities (Including public deposits) - - - - -
f) Decrease In:
I) Fixed Assets - - - - -
II) Other non-current assets - - - - -
g) Others - - - - -
g) TOTAL 222.18 257.49 355.74 312.19 314.36
2. USES
a) Net loss - - - - -
b) Decrease in Term Liabilities (Including public deposits) 83.12 63.15 98.55 74.49 -
c) Increase In :
I) Fixed Assets 9.23 - - - -
II) Other non-current assets - - - - -
d) Dividend payments - - - - -
e) Others 47.33 46.77 86.12 97.08 103.97
f) TOTAL 139.68 109.92 184.67 171.57 103.97
3. Long Term Surplus (+) / Deficit (-) [1 - 2] 82.50 147.57 171.07 140.62 210.39
4. Increase/decrease in current assets (as per details given below) 341.74 (25.48) 66.40 79.87 118.61
5. Increase/decrease in current liabilities other than bank borrowings 349.45 (630.59) (54.85) (60.75) (96.78)
6. Increase/decrease in Working Capital Gap 7.71 (605.11) (121.25) (140.62) (215.39)
7. Net surplus (+)/deficit (-) [Difference of 3 and 6] 90.21 (457.54) 49.82 - (5.00)
8. Increase/decrease in Bank borrowings (102.63) 400.89 - - -
INCREASE/DECREASE IN NET SALES 130.05 900.12 104.76 108.76 112.91
Break-up of (4)
i) Increase/Decrease in stock-in-trade 160.41 95.24 16.00 34.00 23.00
ii) Increase/Decrease in Receivables
a) Domestic 223.75 (180.43) 25.32 26.28 27.29
b) Export - - - - -
iii) Increase/Decrease in other current assets (42.42) 59.71 25.09 19.59 68.33
NOTE : Increase/decrease under items 4 to 8 as also under
break-up of (4) should be indicated by (+) / (-) - 0 - - -
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

RATIO ANALYSIS

Name: NAMO CERAMIC

Page 11
As per Profit & Loss account actuals/
estimates for the year ended/ending
LAST 2 YEARS
PARTICULARS ACTUALS AS PER ESTIMATES ESTIMATES ESTIMATES ESTIMATES
AUDITED ACCOUNTS
31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023
(1) (2) (3) (4) (5) (6)

EFFICIENCY RATIOS:
Net Sales / Total Tangible Assets (Times) 0.99 0.94 1.45 1.52 1.57 1.58
PBT / TTA (%) 2.57% 2.24% 4.37% 4.97% 5.30% 5.41%
Operating Cost / Net Sales (%) 97.98% 97.75% 95.59% 95.38% 95.32% 95.16%
Bank Finance / Current Assets (%) 28.39% 14.18% 43.51% 41.51% 39.33% 36.50%
Inventory+Receivables / Net Sales (Days) 177 237 151 151 153 153

LIQUIDITY RATIOS:
Current Ratio 1.03 1.10 1.31 1.45 1.63 1.96
Acid Test Ratio 0.80 0.79 0.84 0.94 1.05 1.29
Bank Finance to WCG Ratio 0.91 0.61 0.65 0.57 0.50 0.43

LEVERAGE RATIOS:
Debt Equity Ratio 1.25 0.83 0.49 0.27 0.15 0.12
TOL / TNW 4.11 3.73 2.19 1.59 1.19 0.92
Debt-Assets Ratio 0.24 0.18 0.15 0.11 0.07 0.06
Fixed Assets Coverage 0.58 0.54 0.51 0.40 0.30 0.35
Interest Coverage Ratio 8.78 7.83 4.21 4.06 3.80 3.56

TURNOVER RATIOS:
Inventory Turnover Period (Days) 48 74 63 63 65 65
Average Collection Period (Days) 129 143 77 77 77 77
Total Assets Turnover (Times) 0.99 0.94 1.45 1.52 1.57 1.58
Capital Turnover Ratio (Times) 5.07 4.45 4.64 3.93 3.42 3.03
Average Credit Period (Days) - Creditors 197 369 76 61 53 46
Bank Finance Turnover (Times) 6.07 9.85 4.77 4.94 5.13 5.31
Current Assets Turnover (Times) 1.72 1.40 2.08 2.05 2.02 1.94

PROFITABILITY RATIOS:
Net Profit Margin after tax (%) 2.58% 2.38% 3.01% 3.27% 3.38% 3.43%
Net Income to Assets Ratio (%) 2.57% 2.24% 4.37% 4.97% 5.30% 5.41%
Return on Investment (%) [PBDIT/TTA] 14.75% 11.19% 14.43% 14.03% 13.08% 11.90%
Return on Equity (%) 13.11% 10.61% 13.96% 12.88% 11.58% 10.38%
Operating Profitability (%) 2.02% 2.25% 4.41% 4.62% 4.68% 4.84%
Pre-Tax Profitability (%) 2.58% 2.38% 3.01% 3.27% 3.38% 3.43%
PBT / TTA (%) 2.57% 2.24% 4.37% 4.97% 5.30% 5.41%

STRUCTURAL RATIOS:
Retained Profit (%) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Raw Material Content (%) 63.19% 50.32% 59.22% 59.43% 58.75% 59.25%
Operating Cost / Sales (%) 97.98% 97.75% 95.59% 95.38% 95.32% 95.16%

Signs:
< = Less Than
> = More Than
 NAMO CERAMIC

CALCULATION OF INTEREST ON TERM LOAN-PROPOSED

Amount of Term Loan 521.43
Total Repayment period 56.00 Years including moratorium
Moratorium period 0.00 Years 0.00
Amount of each installment in Rs. In lac 9.31 Quarterly
First installment
Rate of interest 11.25%
Total instalments 56
Total
Year Quarter Loan Amt INST.AMT Balance Rate of Int Int.Amt Yearly Int. Payment
I 521.43 9.31 512.12 0.00% 0.00
II 512.12 9.31 502.81 11.25% 4.71
III 502.81 9.31 493.50 11.25% 4.63
IV 493.50 9.31 484.19 11.25% 4.54
V 484.19 9.31 474.87 11.25% 4.45
VI 474.87 9.31 465.56 11.25% 4.36
2018-19
VII 465.56 9.31 456.25 11.25% 4.28
VIII 456.25 9.31 446.94 11.25% 4.19
IX 446.94 9.31 437.63 11.25% 4.10
X 437.63 9.31 428.32 11.25% 4.02
XI 428.32 9.31 419.01 11.25% 3.93
XII 419.01 9.31 409.70 11.25% 3.84
111.74 47.05 47.05 158.79
I 409.70 9.31 400.38 11.25% 3.75
II 400.38 9.31 391.07 11.25% 3.67
III 391.07 9.31 381.76 11.25% 3.58
IV 381.76 9.31 372.45 11.25% 3.49
V 372.45 9.31 363.14 11.25% 3.40
VI 363.14 9.31 353.83 11.25% 3.32
2019-20
VII 353.83 9.31 344.52 11.25% 3.23
VIII 344.52 9.31 335.21 11.25% 3.14
IX 335.21 9.31 325.89 11.25% 3.06
X 325.89 9.31 316.58 11.25% 2.97
XI 316.58 9.31 307.27 11.25% 2.88
XII 307.27 9.31 297.96 11.25% 2.79
111.74 39.28 39.28 151.02
I 297.96 9.31 288.65 11.25% 2.71
II 288.65 9.31 279.34 11.25% 2.62
III 279.34 9.31 270.03 11.25% 2.53
IV 270.03 9.31 260.72 11.25% 2.44
V 260.72 9.31 251.40 11.25% 2.36
VI 251.40 9.31 242.09 11.25% 2.27
2020-21
VII 242.09 9.31 232.78 11.25% 2.18
VIII 232.78 9.31 223.47 11.25% 2.10 ###
IX 223.47 9.31 214.16 11.25% 2.01
X 214.16 9.31 204.85 11.25% 1.92
XI 204.85 9.31 195.54 11.25% 1.83
XII 195.54 9.31 186.23 11.25% 1.75
111.74 26.71 26.71 138.45
 I 186.23 9.31 176.91 11.25% 1.66
II 176.91 9.31 167.60 11.25% 1.57
III 167.60 9.31 158.29 11.25% 1.48
IV 158.29 9.31 148.98 11.25% 1.40
V 148.98 9.31 139.67 11.25% 1.31
VI 139.67 9.31 130.36 11.25% 1.22
2021-22
VII 130.36 9.31 121.05 11.25% 1.13
VIII 121.05 9.31 111.74 11.25% 1.05
IX 111.74 9.31 102.42 11.25% 0.96
X 102.42 9.31 93.11 11.25% 0.87
XI 93.11 9.31 83.80 11.25% 0.79 I
XII 83.80 9.31 74.49 11.25% 0.70 Yly int
111.74 14.14 14.14 125.88
I 74.49 9.31 65.18 11.25% 0.61
II 65.18 9.31 55.87 11.25% 0.52
III 55.87 9.31 46.56 11.25% 0.44
IV 46.56 9.31 37.25 11.25% 0.35
V 37.25 9.31 27.93 11.25% 0.26
VI 27.93 9.31 18.62 11.25% 0.17
2022-23
VII 18.62 9.31 9.31 11.25% 0.09
VIII 9.31 9.31 0.00 11.25% 0.00
IX 0.00 0.00 0.00 11.25% 0.00
X 0.00 0.00 0.00 11.25% 0.00
XI 0.00 0.00 0.00 11.25% 0.00
XII 0.00 0.00 0.00 11.25% 0.00
74.49 2.44 2.44 76.93

Year 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24

Yly Int 47.05 39.28 26.71 14.14 2.44 0.00
Yly Instal111.74 111.74 111.74 111.74 74.49 0.00
CALCULATION OF TERM LOAN INTEREST AND REPAYMENT SCHEDULE
Rate of Interest on Loan : 18.5

YEAR QUARTER OPENING INTEREST TOTAL LOAN REPAYMENT CLOSING ANNUAL

ENDED BALANCE INTEREST PRINCIPAL BALANCE INTEREST
Rs. Rs. Rs. Rs. Rs. Rs. Rs.
0 1999 December 20 0 20 0 0 20 0
1 2000 March 20 92.5 112.5 92.5 0 20
June 20 92.5 112.5 92.5 0 20
September 20 92.5 112.5 92.5 0 20
December 20 92.5 112.5 92.5 1.000 59.000 370
2 2001 March 59 272.875 331.875 272.875 3.000 56
June 56 259 315 259 3.000 53
September 53 245.125 298.125 245.125 3.000 50
December 50 231.25 281.25 231.25 3.000 47 1008.25
3 2002 March 47 217.375 264.375 217.375 3.000 44
June 44 203.5 247.5 203.5 3.000 41
September 41 189.625 230.625 189.625 3.000 38
December 38 175.75 213.75 175.75 3.000 35 786.25
4 2003 March 35 161.875 196.875 161.875 3.000 32
June 32 148 180 148 3.000 29
September 29 134.125 163.125 134.125 3.000 26
December 26 120.25 146.25 120.25 3.000 23 564.25
5 2004 March 23 106.375 129.375 106.375 3.000 20
June 20 92.5 112.5 92.5 3.000 17
September 17 78.625 95.625 78.625 3.000 14
December 14 64.75 78.75 64.75 3.000 11 342.25
6 2005 March 11 50.875 61.875 50.875 3.000 8
June 8 37 45 37 3.000 5
September 5 23.125 28.125 23.125 3.000 2
December 2 9.25 11.25 9.25 0.000 2 120.25

TOTAL 3191.25 58 3191.25

CALCULATION OF WORKING CAPITAL LOAN INTEREST

Rate of Interest on Loan : 0.125

YEAR MONTH OPENING INTEREST

BALANCE
1999 December 38.924 1.86 100
2000 December 135 16.875 100
2001 December 135 16.875 100
2002 December 78 9.75 100
2003 December 78 9.75 100
2004 December 78 9.75 100
2005 December 78 9.75 100

::
 NAMO CERAMIC
DSCR

Particulars 31.03.2018 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023 TOTAL

Net Profit 47.33 46.77 86.12 97.08 103.97 109.21 490.48
Depreciation 124.23 107.33 91.43 82.72 71.14 61.18 538.04
Remu& Interest 28.97 32.73 40.00 40.00 40.00 45.00 226.70
Interest on term loan 69.29 49.60 39.28 26.71 14.14 2.44 201.47
Total cash accrual (A) 269.82 236.43 256.83 246.51 229.25 217.84 1,456.68
Term loan installment-I 132.93 111.74 111.74 111.74 111.74 74.49 654.36
Interest on term loan 69.29 49.60 39.28 26.71 14.14 2.44 201.47
Total cash outflow (B)) 202.22 161.34 151.02 138.45 125.88 76.93 855.83
Debt service coverage ratio ( A/B) 1.33 1.47 1.70 1.78 1.82 2.83 1.70
Average DSCR 1.82 1.70