Historical Results Forecast Period

FINANCIAL STATEMENTS 2015 2016 2017 2018 2019 2020 2021

Balance Sheet Check ERROR ERROR ERROR ERROR ERROR OK OK

Assumptions
Income statement
Revenue Growth/ Total Income (% Change) 971887.0% #REF! #REF! #REF! 5.0% 4.5%
Employee Cost ($000's) 5,496 9,484 9,573 10,217 12,684 25,000 25,000
Interest (% of Debt Open Bal) #REF! #REF! #REF! #REF! #REF! 3.0% 3.0%
Tax Rate (% of Earnings Before Tax) 31.6% 33.2% 35.0% 33.5% 33.9% 28.0% 28.0%

Income Statement
Interest Eraned 9,719.87 16,384.18 17,698.93 19,748.50 23,943.21           
Other Income 2,028.45 2,612.23 3,477.16 4,052.21 4,604.03 #VALUE! #REF!
Total Income 11,748 18,996 21,176 23,801 28,547 #VALUE! #REF!
Expenses
Intrest Expended 5,496.13 9,483.81 9,572.78 10,216.81 12,684.25 25,000 25,000
Employee Cost 1,466.68 2,816.97 2,768.53 2,950.23 3,183.61 #REF! #REF!
Depreciation & Amortization 193 287.38 290.66 302.69 366.92           
Operating Expense 1,353.62 1,928.03 2,054.13 2,455.75 2,853.35
Provision & Contingencies 405.98 1,356.65 1,341.93 1,657.00 2,073.30
Total Expenses 8,915 15,873 16,028 17,582 21,161 #REF! #REF!
Earnings Before Tax 2,833 3,124 5,148 6,218 7,386 #VALUE! #REF!

Taxes 895.97 1,036.12 1,800.31 2,080.60 2,504.34 #VALUE! #REF!

Net Earnings 1,937 2,087 3,348 4,138 4,881 #VALUE! #REF!
 Historical Results Forecast Period
FINANCIAL STATEMENTS 2015 2016 2017 2018 2019 2020 2021
Balance Sheet Check ERROR ERROR ERROR ERROR ERROR OK OK

Balance Sheet
Assets
Cash & Bank Blance with RBI 3,928.30 6,903.43 7,492.42 8,908.50 10,877.53 #VALUE! -
Bal. With bank Money 2,334.06 3,976.28 15,079.58 10,711.60 13,798.02
Investments 28,659.11 51,260.22 45,074.19 64,562.35 71,189.09 #VALUE! #REF!
Advances 66,160.71 118,665.30 136,082.13 169,717.92 205,694.81 #VALUE! #REF!
Fixed Assets 1,206.71 1,551.59 1,537.63 1,527.16 1,651.55
Other Assets 3,787.17 10,028.94 9,469.94 9,649.14 9,121.70 #REF! #REF!
Total Assets 106,076 192,386 214,736 265,077 312,333 #REF! #REF!

Liabilities
Deposits 75,759.56 138,643.02 157,425.86 192,643.27 225,880.36 #REF! #REF!
Borrowings 11,250.46 20,975.34 21,095.48 25,154.15 32,248.29
Other Liablities & Provisions 4,921.95 8,804.93 8,596.62 9,795.43 11,303.57
Total Liabilities 91,932 168,423 187,118 227,593 269,432 #REF! #REF!
Shareholder's Equity
Equity Capital 386.18 917.19 920.45 952.82 1,454.38 #REF! #REF!
Retained Earnings 13,754.91 23,041.87 26,695.62 36,528.83 41,444.00 #VALUE! #VALUE!
Shareholder's Equity 14,141 23,959 27,616 37,482 42,898 #REF! #REF!
Total Liabilities & Shareholder's Equity 106,073 192,382 214,734 265,075 312,331 #REF! #REF!

Check -3.000 -3.410 -1.860 -2.170 -2.100 #REF! #REF!

 Historical Results Forecast Period
FINANCIAL STATEMENTS 2015 2016 2017 2018 2019 2020 2021
Balance Sheet Check ERROR ERROR ERROR ERROR ERROR OK OK

Cash Flow Statement

Operating Cash Flow
Net Earnings 4,463.19 6,133.72 14,411.92 -10,274.92 -3,387.72    
Plus: Depreciation & Amortization 193 287.38 290.66 302.69 366.92            -
Interest (Net) 0.00 0.00 0.00 0.00 0.00 -
Dividend Received -4.95 -3.86 -3.42 -7.61 -45.14    
P/L on Sales of Assets -13.52 -3.01 -12.26 -45.74 -19.48    
Prov. & W/O (Net) 236.41 1,059.37 1,063.49 1,219.62 1,231.29    
Less: Changes in Working Capital 2,130.15 2,923.97 9,355.53 -15,872.76 -9,864.70    
Cash from Operations 2,744 4,550 6,395 7,067 8,011 #VALUE! -

Investing Cash Flow

Purchased of Fixed Assets 19.85 11.34 19.46 56.38 29.97    
Sale of Fixed Assets 0 0 0 0 0
Purchase of Investments -3,167.98 -5,910.82 -2,585.79 -631.53 0    
Dividend Received 4.95 3.86 3.42 7.61 45.14    
Cash from Investing (3,143) (5,896) (2,563) (568) 75 - -

Financing Cash Flow

Proceeds from Issue of shares (incl share premium) 87.88 363.91 246.37 5,953.18 223.59    
Dividend Paid -68.95 -98.1 -109.78 -135.92 -183.96    
Interest Paid 0.00 0.00 0.00 0.00 0.00
Others 11.63 -1,729.72 119.92 4,019.96 7,593.44    
Cash from Financing 31 (1,464) 257 9,837 7,633 - -

Net Increase (decrease) in Cash 5,918 8,981 9,214 17,472 15,569 #VALUE! -
Opening Cash Balance 5,979.89 6,262.36 10,879.72 22,572.01 19,620.11    
Closing Cash Balance 11,898 15,244 20,094 40,044 35,189 #VALUE! -

Check 7969.310 8340.270 12601.580 31135.070 24311.110 #VALUE! 0.000

 Historical Results Forecast Period
FINANCIAL STATEMENTS 2015 2016 2017 2018 2019 2020 2021
Balance Sheet Check ERROR ERROR ERROR ERROR ERROR OK OK

Supporting Schedules
Working Capital Schedule
Loans & Advances 0.00 0.00 0.00 0.00 0.00 #VALUE! #REF!
Investments -6,021.46 -3,918.40 -9,187.88 -34,027.96 -17,678.97 #VALUE! #REF!
Change in Borrowing -2,520.09 -1,416.86 -3,792.74 32,402.28 4,075.03
Change in Deposits 48,665.13 -43,521.65 27,637.30 -10,360.35 47,374.89
Others 4,332.76 -3,454.70 -4,195.19 -5,779.90 4,412.87
Net Working Capital (NWC) 44,456 (52,312) 10,461 (17,766) 38,184 #VALUE! #REF!
Change in NWC 44,456 (96,768) 62,773 (28,227) 55,950 #VALUE! #REF!
Forecast Period
2022 2023 2024
OK OK OK

4.0% 3.5% 3.0%

25,000 25,000 25,000
3.0% 3.0% 3.0%
28.0% 28.0% 28.0%

           24,662
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Forecast Period
2022 2023 2024
OK OK OK

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Forecast Period
2022 2023 2024
OK OK OK

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Forecast Period
2022 2023 2024
OK OK OK

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