Project Report for Bank Loan:

1. Basic Information required:

 What is the nature of Business: Manufacturing, Trading, Service, Professional

etc.

 What is the Constitution of Business: Proprietorship, Partnership Firm, Pvt.

Ltd. Co. Public Ltd. Co, Trust etc.

 Existence: Whether the business is already existing or new.

Depending upon the above parameters, project reports vary. Depending upon the
nature of business, the requirements differ, depending upon constitution of
business the Tax related issues differ and depending upon existence of the
business, the projections differ. In case of existing business the projections can
be prepared on the basis of past data, in case of new business such information
is not readily available and projections are to be made by collecting relevant data
from the prospective entrepreneur and also from the financial statements of
similar business operating in the area. In case of new units, the projections are to
be supported with proper data and the presumptions on which the projections are
made.

2. Requirement: Requirement of any business are of two types : Capital Cost and Working
capital. Capital cost includes creation of additional “Fixed Assets” i.e. Building,
Machinery, Furniture, Vehicle etc. Working Capital is funds required for efficiently
running any business. Generally for capital cost Banks sanction Term Loan which is
repayable in installments. Working capital requirement is provided by Banks by way of
Cash Credit or Overdraft facility with sub limits for Bills Discounting. Cash Credit /
Overdraft / Bill discounting facilities are sanctioned for a period of one year subject to
renew every year depending upon past performance. Besides this, Banks also sanction
Non Fund based Limits for Bank Guarantees and Letters of Credit under which limits are
fixed and these are considered as Contingent Liabilities in Banks books.

3. Project Cost: Once the above basic information is collected next step is to arrive at the
Project cost. Project Cost in case of existing business is the “Additional Cost” required
for expansion of the business e.g. purchase of additional Machinery, Construction of
shed / building etc. In case of new business it is the “Total cost” required to start the
new business. Ex:

Description Estimated Cost

Purchase of Plot
Construction of Building
Plant & Machinery
Equipments
Furniture & Fixtures
Electrical Installations
Preliminary Expenses in case of new business
Total of all such items represent the Project Cost.

4. Sources of Funds: For incurring above expenditure, funds are to be raised through
various sources. First is “Capital” i.e own funds, Second is “Unsecured Loans” raised
 from Directors of the Company or from Friends & Relatives of the Proprietor / Partners
and third is “Bank Loan” which is the amount for which loan is to be requested from
Bank. Generally, Banks finance maximum 75% of the “actual cost” required, remaining
amount is to be contributed by the applicant through first two methods out of which
capital must be more than unsecured loan. The unsecured loans raised by the applicant
should not be immediately repayable for which undertaking has to be submitted stating
that, the unsecured loans raised shall not be repaid during the currency of Bank Loan.
This can be treated as Quasi Equity i.e. part of borrower’s contribution. On finalizing the
available sources of funds, the loan amount requirement from Bank can be finalized. In
case of Working capital requirement it depends upon the Current Assets and Current
Liabilities of the business / business cycle etc.

5. Requirement of other information / documents:

 Xerox copies of all the required permissions / licenses / registrations e.g.

Company / Partnership Firm / Trust registration i.e. identity of the business,
Registration under Shops & Establishments Act, SSI Registration or any other
registration as per applicable Govt. rules in the respective states. License from
Foods & Drugs Deptt. In case of eatable items, license related to explosives,
license from Pollution Control Board etc. Approved Map and construction
permission in case of construction of building / shed. GST registration, PAN card

 Quotations for the items to be purchased preferably from the actual dealer from
whom the items are to be purchased. As far as possible, there should not be
much variations in quotations submitted to Bank and dealers from whom the
items are purchased.

 Income tax returns of the persons / business for last 3 years.

 Bank statements from existing bankers, with details of repayment schedule in

case of existing loans if any.

 Details of Collateral Security proposed to be offered with approximate value.

 List of prospective customers and arrangements for selling.

 List of prospective sellers from whom raw material / items will be purchased.

 Information regarding availability of raw materials / items proposed to be dealt

with Govt. restrictions if any particularly in case of imported material.

 Market study report and strategy to be adopted for achieving the projected levels
particularly in case of new business.

 Assets / Liabilities statements of persons who are going to execute the

documents.

 List of assets available / already purchased with copies of invoices.

 Availability of infrastructure i.e. Labour, Water, Electricity, transportation with

details of requirement and sources.
  Average period of getting Credit for raw material and minimum economic
quantity of purchase, average period of realizing sale proceeds.

 Detailed manufacturing process in case of Manufacturing industry and time

taken for completion of one production cycle.

 Minimum period of keeping stock of raw material and finished goods.

6. Detailed Project Report: This is in two parts one is brief write up and second is
financial data (CMA Report) CMA stands for Credit Monitoring Arrangement wherein the
past and projected financial performance of a business is compiled in a defined format
with all the required financial metrics and ratios to help Bankers and Financial Analysts
ascertain the financial health of a business.

In the first part following points are to be covered: (This is should be in brief covering
all the important points: e.g.

 Brief introduction of the business entity – constitution, activity of the

business, name(s) of Proprietor, Partners, Directors, Trustees with their
designations and their role in the business, Location / Address of the
Regd. Office, working place and outlets where activities of the business
will be carried out with name of contact persons and contact numbers.

 Experience / Qualifications and capabilities of the owners and other

related persons with their relations with the business.

 Nature of Activity and its marketability.

 Availability of Infrastructure like labour, water, electricity, transportation,

raw material and present status.

 Detailed information regarding various registrations, permissions, licenses

with present status and expected time of completion in case of incomplete
items.

 Manufacturing process in brief in case of manufacturing units.

 Time required for completion of the project and starting commercial

production / income generation.

 List of existing Debtors / Creditors in case of existing business and

prospective clients / consumers in case of new business.

 SWOT analysis of the business.

 Marketing arrangements.

 Details of Project cost and existing assets with sources of finance.

 Present Banking arrangements with details of Accounts maintained.

  Details of any other services which the unit can avail from the Bank e.g.
Staff accounts for salary, personal loans for staff guaranteed by the unit
etc.

 Financial requirement from Bank with purpose.

 Security proposed to be offered for the loan applied with full details and
approximate value.

 Repayment proposed by the applicant based on the CMA data with

proposed moratorium period.

 Any other relevant information may be included depending upon the

business at appropriate place in this report.

 Request for facility wise sanction of loan..

 Attach list of documents submitted along with the proposal.

Second part consists of CMA data: In CMA data there are different parts:

In case of existing units, the data should be for current year (estimated) and past
3 years (Audited) and projections for next 5 to 7 years covering the proposed
repayment period of Term loan.

 Operating statement – Profitability statement. In CMA data the expenses

are mainly grouped into following categories:

 Raw Material consumed. (Opening stock + Purchases – Closing Stock)

 Other Spares
 Electricity / Power / Fuel
 Factory / Direct wages
 Repairs & Maintenance
 Other overheads
 Depreciation.

Total of the above expenses plus opening stock of Stock in process and
Finished goods Less closing stock of Stock in process and Finished
goods is the “Total Cost of Sales”.

All other office expenses and indirect expenses related to business

excluding Interest paid on Bank loan (which is shown separately- for
Cash Credit and for Term Loan) are clubbed under the head “ Selling,
General &Administrative Expenses”.

Non operating Income and Expenses are to be shown separately in the

CMA data. Detailed format of “Operating Statement” generally required by
Banks for CMA data is attached for reference.
  Balance Sheet – Liabilities: Include following heads

 Current Liabilities:
 Short Term borrowings from “Banks” with sub limit for Bills
Discounting.
 Short Term borrowings from “others”.
 Sundry Creditors (Trade)
 Sundry Creditors (Capital Expenditure)
 Advance payment from Customers, dealers.
 Provision for taxation.
 Dividend payable in case of Companies.
 Other Statutory liabilities payable within one year.
 Term Loan installments payable within one year are to be
treated as Current Liabilities.
 Other Current Liabilities and provisions to be specified.

 Term Liabilities:

 Part of Term Loan excluding amount payable within one

year.
 Other Term liabilities (Not payable within next one year.)
 Unsecured Loans not repayable in next one year.

Total of Current Liabilities and Term Liabilities represent “Total Outside

Liabilities”.

 Net Worth: It includes:

 Capital invested in the business.

 Reserves & Surplus in case of Companies
 Surplus / Deficit in Profit & Loss Account.

Sum of Current Liabilities, Term Liabilities and Net Worth is “Total

Liabilities”
Balance Sheet : Assets: includes following heads.

 Current Assets:

 Cash & Bank Balances excluding Term Deposits in Banks

 Investments in Govt. Securities
 Investment in Bank Deposits
 Receivables
 Expenses receivable including Bills purchased and
discounted by Banks.
 Inventory which includes Stock of Raw Material, Spares,
Stock in Process and Finished Goods.
 Advance to suppliers for supply of Raw Materials and
Spares.
 Advance payment of Taxes
 Other Current assets to be specified.
 Sum of the above items represent “Total Current Assets”

 Fixed Assets:

 Gross Block of Fixed Assets Less Depreciation up to date i.e

Net Block. (With detailed working of Depreciation)
 Advance for Capital Expenditure
 Other investments which are not “Current Assets”
 Investments in Associates & Subsidiaries.
 Long term loans & advances
 Security Deposits.
 Staff advances
 Obsolete Stock
 Other non-current assets to be specified.
 Preliminary Expenses to the extent of Not written off and
other intangible assets.

Sum of Current Assets and Fixed Assets is “Total Assets”

Total Liabilities = Total Assets (to be checked)

Ratio Analysis & Assessment of Bank Finance:

From the available and projected financial statements, important ratios are
to be calculated which include :

LIQUIDITY RATIOS
Current Ratio
Quick Ratio or Acid test Ratio
Absolute Cash Ratio
Interval Measure

CAPITAL STRUCTRE RATIOS

Equity to Total Funds Ratios
Debt Equity Ratio
Capital Gearing Ratio
Fixed Asset to Long Term Fund Ratio
Proprietary Ratios

COVERAGE RATIOS
Debt Service Coverage Ratio
 Interest Coverage Ratio
Preference Dividend Coverage Ratio

TURNOVER RATIOS
Capital Turnover Ratio
Fixed Asset Turnover Ratio
Working Capital Turnover Ratio
Finished Goods or Stock Turnover ratio
WIP Turnover Ratio
Debtors Turnover ratio
Creditors Turnover ratio

PROFITABILITY RATOS BASED ON SALES

Gross Profit ratio
Operating profit Ratio
Net profit Ratio
Contribution Sales Ratio

PROFITABILITY RATOS OWNERS VIEW POINT

Return on investment (ROI) or return on capital employed
Return on Equity
Earnings Per Share
Dividend Per Share
Return On Assets

 Cash Flow statement.

 Sensitivity analysis

Working Capital assessment:

Term loan component depends upon the “Project Cost”, but Assessment of
Working Capital i.e. Cash Credit / Overdraft limit depends upon various
parameters and calculated based on various methods of assessment of
Working Capital, which is mainly related to Current Assets and Current
Liabilities. It is outcome of two variables:

 The Volume of Activity : Production and Sales

 Required level of Current Assets (Inventory and Receivables) to enable
the unit to carry on operations smoothly.

Sources of Working Capital include:

 Own Funds
 Bank Borrowings
 Sundry Creditors
 Advances from Customers
 Deposits due in one year
 Other Current Liabilities
 Following are various methods of assessment of Working Capital:

 Operating Cycle Method

 Traditional Method
 Projected Balance Sheet Method
 Cash Budget Method
 Projected Annual Turnover Method (Nayak Committee)

SEGMENT LIMITS (Rs. Cr) SUGGESTED METHOD

Upto 5 Traditional & Nayak Committee (PAT)
SSI
Above 5 Project Balance Sheet Method
SBF All loans Traditional & Nayak Committee (PAT)
Upto 1 Traditional & Nayak Committee (PAT)
Trade & Projected Balance Sheet & Nayak Committee
Above 1 upto 5
Services (PAT)
Above 5 Projected Balance Sheet
Below 0.25 Traditional & Nayak Committee (PAT)
C & I Above 0.25 & over Projected Balance Sheet &
Industrial upto 5 Nayak Committee (PAT)
Above 5 Projected Balance Sheet

A. Operating Cycle Method:

Time taken between cash outlay (investment) and cash realization through sale of
finished goods and realization of receivables is known as “Operating Cycle”

For Example:

Time taken for different activities is as under:

 Stock of Raw Material in days 60

 Stock in Process in days 10
 Stock of Finished Goods in days 20
 Bills Receivable in days 30
Length of Operating Cycle 120 Days

(i.e. 3 Cycles in a year (365/120)

Measuring Period for Working Capital components:

 Raw Material holding period = Stock of R.M. *365 / Annual consumption

of Raw Material.
  Stock in Process holding period = Stock in Process * 365 / Cost of
Production.
 Finished Goods holding period = Finished Goods level * 365 / Cost of
Sales.
 Receivables holding period = Receivables * 365 / Annual Gross Sales
 Advances paid to suppliers period = Advances paid * 365 / Annual
purchases.
 Trade Creditors holding period = Trade Creditors level * 365 / Annual
purchases.
 Advances received against Sales period = Advances received * 365 /
Annual Gross sales.

If Sales of the business are Rs. 2,00,000.00 and operating Expenses are Rs.
1,80,000.00, then the Working Capital required will be Rs. 60,000.00.
(1,80,000 / 3 – Number of cycles in a year)

As per this method Working Capital required is influenced by two factors:

 Level of Operating Expenses

 Length of Operating Cycle.

Reduction in either will bring down Working Capital Requirement which indicates
improved efficiency in Working Capital Management.

B. Traditional Method:

For example: for unit XYZ: (Amount in lakhs)

Anticipated Monthly Sales Rs. 200.00
Cost of Raw Material per month Rs. 150.00
Cost of Production per month Rs. 190.00

Stocking Permissible
Item WC required Margin (%) Amt
period Limit
5
1 2 3 4 6 (3 – 5)
(3 * 4)

Raw Material 30 Days 150 25% 37 113

Work in process 15 Days 95 25% 24 71
Finished Goods 15 Days 95 25% 24 71
Receivable 30 Days 190 33% 66 134
(Cost of (Sale Price –
of Sale Price)
Production) Margin)

Expenses 30 Days 40 100% 40 -

Total 570 191 389 (a)
Less: Advance Payment 30
Credit on purchase 80
Working Capital Required 460

If Liquid surplus in Balance Sheet at the end of last year = 50, Net Deficit = 410 (b)
(460 Minus 50).

Eligible Working Capital limit under traditional method minimum of a & b = 389 say
390

C. Projected Balance Sheet Method:

 Proper Examination of Performance:

 Profitability
 Financial Position
 Financial Management.

 Scrutiny & Validation of Projections:

 Income & Expenses

 Changes in Financial Positions.

 Acceptability of Liquidity, overall gearing efficiency of operations:

Assessment of Working Capital under Projected Balance Sheet Method:

(Amt in lakhs)

Previous Year Current Next Year

Year
A Total CA 75 95 115
B Other CL 50 60 75
C Working Capital Gap (A - B) 25 35 40
D Net Working Capital (Actual / Projected) 5 10 15
 E Assessed Ban Finance (ABF) (C - D) 20 25 25
NWC / TCA (%) 6.67% 10.53% 13.04%
Bank Finance / TCA (%) 26.67% 26.31% 21.74%
S. Creditor / TCA (%) 20% 21.05% 21.74%
Other CL / TCA (%) 66.66% 63.17% 65.22%
Inventory to Net Sales (days) 27 32 37
Receivable to Gross Sales (days) 73 73 73
S. Creditor / Purchases (days) 39 50 61
If

Gross Sales 200 225 250

Sundry Creditors 15 20 25
Purchases 140 145 150
Receivables 40 45 50
Inventory 15 20 25
D. Cash Budget Method: This is applicable in case of Seasonal and specific
industries: e.g. Sugar Industry, Ginning & Pressing, Construction activity,
Information & Technology etc.

Cash Flow Statement: Example

Month 1 2 3 4 5 6 7 8 9 10 11 12
Sales 540 720 360 360 100 180 300 360 360 240 240 450
Receipts 351 531 657 414 334 147 180 288 351 348 258 261
Cash Sales 54 72 36 36 10 18 30 36 36 24 24 45
Collections 297 459 621 378 324 129 150 252 315 324 234 216
Payments 383 536 633 356 317 172 221 314 381 338 254 311
To Creditors 252 378 504 252 252 70 126 210 252 252 168 168
Wages 81 108 54 54 15 27 45 54 54 36 36 68
Others 50 50 75 50 50 75 50 50 75 50 50 75
Surplus/Deficit -32 -5 24 58 17 -25 -41 -26 -30 10 4 -50
BF Cash 10 -22 -27 -3 55 72 47 6 -20 -50 -40 -36
Cum. Cash -22 -27 -3 55 72 47 6 -20 -50 -40 -36 -86
Cash in Hand 10 10 10 10 10 10 10 10 10 10 10 10
Cum. Surplus -32 -37 -13 45 62 37 -4 -30 -60 -50 -46 -96
/ Deficit

Limit is decided based on peak deficit projected as per Cash Flow Statement.
E. Projected Turnover Method (Nayak Committee):

This method is applicable where FBWC limit is upto Rs. 500.00 lakh (Rs. 5.00 Crore)

Under this method Working Capital is decided as 25% of Realistic Projected Annual
Turnover Less Min. 5% of turnover to be brought in by the borrowers as their
contribution.

Computation under annual Turnover method.

A. Annual Turnover as projected by Borrower

B. Turnover as accepted by Bank
C. Working Capital Requirement (25% of B)
D. Minimum margin required (5% of B)
E. Actual Margin available (CA - CL)
F. Item C - item D
G. Item C - item E
H. Min. WC Finance - F or G, whichever is less

Example:
(Amt. in lakhs)
A Annual Turnover as projected by Borrower 1500
B Turnover as accepted by Bank 1200
C Working Capital Requirement (25% of B) 300
D Minimum Margin required (5% of B) 60
E Actual Margin Available ( CA – CL) 20
F Item C Minus Item D 240
G Item C Minus Item E 280
H Working Capital Finance F or G whichever is Less 240
 Non Fund based limits e.g. Letters of Credit or Bank Guarantees : Limits are to
be decided based upon genuine requirement of the unit.

Format of CMA Data: Banks use individual formats of CMA data, however the
information required is same. One of the formats is given below: The format may
be prepared in excel sheet for easy calculations.

Operating Statement:
PARTICULARS Aud Aud Aud Est. Proj
Years 2015-16 2016-17 2017-18 2018-19 2019-20
Operating months 12 12 12 12 12
Operating Statement
1 I. Domestic Sales
ii. Export Sales
1 Total Gross Sales 0.00 0.00 0.00 0.00 0.00
2 Less : Excise Duty
3 Net Sales (1-2) 0.00 0.00 0.00 0.00 0.00
4 Growth in sales 0% 0% 0% 0%
Cost of Sales
5 a. Raw Material (Imported )
b. Raw material (Indigenous)
c. Stores & Spares (Imported)
d. Stores & Spares (Indigenous)
6 Power & Fuel
7 Direct Labour
8 Repairs and maintenance
9 Other Sight Expenses
10 Depreciation
11 Others expenses 0.00 0.00 0.00 0.00 0.00
a
b
c
Sub Total 0.00 0.00 0.00 0.00 0.00
12 Add: Opening Stock in Process
Sub Total 0.00 0.00 0.00 0.00 0.00
13 Deduct : Closing Stock in Process
Cost of Production 0.00 0.00 0.00 0.00 0.00
14 Add: Opening Stock of Finished Goods
Sub Total 0.00 0.00 0.00 0.00 0.00
 Deduct : Closing Stock Of Finished
15 Goods
Sub Total ( Total Cost of Sales) 0.00 0.00 0.00 0.00 0.00
16 Gross profit 0.00 0.00 0.00 0.00 0.00
Gross Profit / Sales 0.00% 0.00% 0.00% 0.00% 0.00%
17 Selling Expenses
18 Administrative Expenses
Sub Total 0.00 0.00 0.00 0.00 0.00
19 Operating Profit before interest 0.00 0.00 0.00 0.00 0.00
a. Interest on CC.
b. Interest on TL
c. Other interests
20 Total Interest 0.00 0.00 0.00 0.00 0.00
21 Operating Profit after Interest 0.00 0.00 0.00 0.00 0.00
22 Add: Other non operating Income
a Interest/Dividend/Royalties etc..
b commission
c Other income
d
Sub Total 0.00 0.00 0.00 0.00 0.00
23 Deduct other non operating expenses
a Interest/Dividend/Royalties etc..
b Other Expenses
c Intangibles written off
d Directors remuneration
e Exchange loss
Sub Total 0.00 0.00 0.00 0.00 0.00
24 Net of other non operating
Income/Expenses 0.00 0.00 0.00 0.00 0.00
25 Profit before Tax /Loss (PBT) 0.00 0.00 0.00 0.00 0.00
26 Provision for Taxes
27 Net Profit/Loss (PAT) 0.00 0.00 0.00 0.00 0.00
28 Cash Accruals 0.00 0.00 0.00 0.00 0.00
29 Dividend paid + IT on Dividend
30 Retained Profit 0.00 0.00 0.00 0.00 0.00
31 Retained Cash Profits 0.00 0.00 0.00 0.00 0.00
32 RM Content in sales 0% 0% 0% 0% 0%
33 PBDIT 0.00 0.00 0.00 0.00 0.00
34 PBDIT/Sales 0.00% 0.00% 0.00% 0.00% 0.00%
35 Operating Profits/Sales 0.00% 0.00% 0.00% 0.00% 0.00%
36 PBT/Sales 0.00% 0.00% 0.00% 0.00% 0.00%
37 PAT/Sales 0.00% 0.00% 0.00% 0.00% 0.00%
38 Cash Accruals/ Sales 0.00% 0.00% 0.00% 0.00% 0.00%

Interest on CC.
Interest on TL
 Other interests

Transfer to Reserves (if any)

Depreciation adjustments

ANALYSIS OF BALANCE SHEET - LIABILITIES

Aud Aud Aud Est. Proj
2015-16 2016-17 2017-18 2018-19 2019-20
LIABILITIES
Current Liabilities
1 Short Term loans from Applicant Bank
including BP &BD
Short Term loans From Other banks including
BP &BD
Sub Total (A) 0.00 0.00 0.00 0.00 0.00

2 Short Term Borrowings from Others

3 Sundry Creditors (Trade)
4 Advance Payment from Customers
5 Net Provision for Taxation (if positive)
6 Dividend Payable
7 Other Statutory Liab. (Due within one Year)
8 Overdue Term Liabilities
9 Installments of term Loan/ DPGs/ Deposits/
debentures due within next year
10 Other Current Liabilities & Provisions (due
within one year) 0.00 0.00 0.00 0.00 0.00
a Sundry creditors for expenses
b Provisions
c Due against Land/Plot
d Share Application Money 0.00
11 Sub Total (B) 0.00 0.00 0.00 0.00 0.00
12 TOTAL CURRENT LIABILITIES 0.00 0.00 0.00 0.00 0.00
TERM LIABILITIES
13 Debentures (not maturing within one Year)
14 Preference Shares (redeemable after 1 year)
14 Term Loan from Bank(Less next Year
Instalments)
14 Term Loan from Other Banks/Inst. (Excl. Instal.
due next Yr.)
15 Deferred Payments Credits (Excl. Instal. due
 next Yr.)
16 Term deposits (Excl. Instal. due next Yr.)
17 Other term Liabilities 0.00 0.00 0.00 0.00 0.00
a Unsecured loan
b
18 TOTAL TERM LIABILITIES 0.00 0.00 0.00 0.00 0.00
19 TOTAL OF OUTSIDE LIABILITIES 0.00 0.00 0.00 0.00 0.00
NET WORTH
20 Share Capital
21 General Reserve
22 Revaluation Reserve 0.00 0.00 0.00 0.00
23 Adjustments for previous Year costs 0.00
24 Other reserves (excluding Provisions)
25 Others 0.00 0.00 0.00 0.00 0.00
a Share Premium/Application Account
b
c
26 Surplus (+) or deficit (-) in Profit & Loss a/c 0.00 0.00 0.00 0.00
27 NET WORTH 0.00 0.00 0.00 0.00 0.00
28 TOTAL LIABILITIES (18+24) 0.00 0.00 0.00 0.00 0.00
 ANALYSIS OF BALANCE SHEET Continued - ASSETS
Aud Aud Aud Est. Proj
2015-16 2016-17 2017-18 2018-19 2019-20
ASSETS
Current Assets
1 Cash & Bank Balances
2 Govt. & other Trustee securities
3 Fixed Deposits with Banks
4 Domestic Receivables including BP/BD
5 Export Receivables including BP/BD)
6 Deferred receivables(due within one year)
7 Imported Raw Material
8 Indigenous Raw material
9 Stock in Process 0.00 0.00 0.00 0.00 0.00
10 Finished Goods 0.00 0.00 0.00 0.00 0.00
11 imported Consumables
12 Indigenous consumables
a. Packing Material
13 Advances to Suppliers
14 Net Advance Payment of Taxes (if positive)
15 Other Current Assets (specify major items) 0.00 0.00 0.00 0.00 0.00
a Loans & Advances
b Deposits with clients & others
c
d
16 TOTAL CURRENT ASSETS 0.00 0.00 0.00 0.00 0.00

FIXED ASSETS
17Gross Block (Land & Building Machinery
18Add Capital expenditure in work-in-process
19Depreciation to Date 0.00 0.00 0.00 0.00
20Net Block 0.00 0.00 0.00 0.00 0.00
21OTHER NON CURRENT ASSETS
aInvestments in Sub. cos./ affiliates
bInvestment in Others
cAdvance to suppliers of Capital goods &
Contractors
d Deferred Receivables(Maturing after a year)
 e Other Non-current investments
f Non Consumable Stores & Spares
g Long outstanding dues &Other non Current
Assets /dues from Directors
h Deposits
i
TOTAL OTHER NON CURRENT ASSETS 0.00 0.00 0.00 0.00 0.00
22 Intangible Assets
a Preliminary Expenses
b Deffered Revenue expenditures
c Other Intangibles (patents, goodwill, etc.)
d
e
23 Total Intangible Assets 0.00 0.00 0.00 0.00 0.00
24 TOTAL ASSETS 0.00 0.00 0.00 0.00 0.00

49 TANGIBLE NET WORTH (TNW) 0.00 0.00 0.00 0.00 0.00

50 NET WORKING CAPITAL (NWC) 0.00 0.00 0.00 0.00 0.00

Movement of TNW
Opening TNW 0.00 0.00 0.00 0.00
Plough back of profit 0.00 0.00 0.00 0.00
Increase in capital/reserves 0.00 0.00 0.00 0.00
Intangibles written off 0.00 0.00 0.00 0.00
Closing TNW 0.00 0.00 0.00 0.00 0.00
Current Ratio 0.00 0.00 0.00 0.00 0.00
Debt/Equity 0.00 0.00 0.00 0.00 0.00
TOL/Equity 0.00 0.00 0.00 0.00 0.00
Current Assets/Tangible Assets 0.00% 0.00% 0.00% 0.00% 0.00%
ROCE (PBDIT incl. Other income/TTA) 0.00 0.00 0.00 0.00 0.00
Inventory + Receivables as days of Net Sales 0 0 0 0 0

ADDITIONAL INFORMATION
a. Arrears of Depreciation
b. Contingent Liabilities
c. Arrears of Cumulative Dividends
d. Gratuity Liability not Provided for
e. Disputed Custom/Excise/ Tax Liabilities
f. Other Liabilities not provided for

Check Points
Check Points 2015-16 2016-17 2017-18 2018-19 2019-20
1 Difference in Assets & Liabilities 0.00 0.00 0.00 0.00 0.00
2 Increase in cap.& reserves beyond retained
profit 0.00 0.00 0.00 0.00
 3 Difference in intangibles written off in balance
Sheet and shown in P&L account 0.00 0.00 0.00 0.00
4 Reduction in TL is less than TL instalments plus
overdues 0.00 0.00 0.00 0.00

COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

WORKING CAPITAL / BANK BORROWING ASSESSMENTS
Aud Aud Aud Est. Proj
2015-16 2016-17 2017-18 2018-19 2019-20
A. WORKING CAPITAL ASSESSMENT

Stock of Imported RM -Days Consumption 0 0 0 0 0

Stock of Indiginous RM - Days Consumption 0 0 0 0 0
Imported Consumables - (Days Consumption) 0 0 0 0 0
Indiginous Consumables - (Days Consumption) 0 0 0 0 0
Stock in process- (Days of Cost of Production) 0 0 0 0 0
Finished Goods - (Days Cost of Sales) 0 0 0 0 0

Total Inventory 0.00 0.00 0.00 0.00 0.00

Total Inventory/Sales (days) 0 0 0 0 0

Domestic receivables (Days Gross dom. Sales) 0 0 0 0 0

Export Receivables - (Days Exports) 0 0 0 0 0

Total Receivables 0.00 0.00 0.00 0.00 0.00

Total Receivables/Gross Sales (days) 0 0 0 0 0
Creditors - (days Consumption) 0 0 0 0 0

Total Current Assets 0.00 0.00 0.00 0.00 0.00

Financed by
Sundry Cr. % of Current Assets 0.00% 0.00% 0.00% 0.00% 0.00%
Other Curr. Liab.% of Current Assets 0.00% 0.00% 0.00% 0.00% 0.00%
Bank Finance % of Current Assets 0.00% 0.00% 0.00% 0.00% 0.00%
NWC % to Current Assets 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00%

By PBS Method 2015-16 2016-17 2017-18 2018-19 2019-20

Total Current assets 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 0.00 0.00 0.00 0.00 0.00
Working Capital gap 0.00 0.00 0.00 0.00 0.00
Net Working capital 0.00 0.00 0.00 0.00 0.00
Bank Finance 0.00 0.00 0.00 0.00 0.00
 Fund Flow Analysis Aud Aud Aud Est. Proj
Particulars 2015-16 2016-17 2017-18 2018-19 2019-20
1 LONG TERM SOURCES
Profit after Tax 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00
Intangibles written off 0.00 0.00 0.00 0.00 0.00
Increase in capital and reserves 0.00 0.00 0.00 0.00 0.00
Increase in Term Liability 0.00 0.00 0.00 0.00 0.00
i. Decrease in Fixed Assets 0.00 0.00 0.00 0.00 0.00
ii. Decrease in Other non current assets 0.00 0.00 0.00 0.00 0.00
Total Long Term Sources 0.00 0.00 0.00 0.00 0.00
2 LONG TERM USES
Net Loss 0.00 0.00 0.00 0.00 0.00
Increase in Intangibles 0.00 0.00 0.00 0.00 0.00
Decrease in Capital .and Reserves/ Share
Buybacks 0.00 0.00 0.00 0.00 0.00
Decrease in Term Liabilities 0.00 0.00 0.00 0.00 0.00
i. Increase in Fixed Assets 0.00 0.00 0.00 0.00 0.00
Increase in non-Current Assets 0.00 0.00 0.00 0.00 0.00
iii. Increase in Intangibles
Dividend paid 0.00 0.00 0.00 0.00 0.00
Total Long Term Uses 0.00 0.00 0.00 0.00 0.00
Surplus/ Deficit 0.00 0.00 0.00 0.00 0.00
Short Term Sources
Increase in Bank Borrowings 0.00 0.00 0.00 0.00 0.00
Increase in other Current Liabilities 0.00 0.00 0.00 0.00 0.00
Decrease in Inventory 0.00 0.00 0.00 0.00 0.00
Decrease in Receivables 0.00 0.00 0.00 0.00 0.00
Decrease in Cash/Deposits/Govt Sec. 0.00 0.00 0.00 0.00 0.00
Decrease in Other Current Assets 0.00 0.00 0.00 0.00 0.00
Total Short Term Sources 0.00 0.00 0.00 0.00 0.00
Short Term Uses
Increase in Inventory 0.00 0.00 0.00 0.00 0.00
Increase in Receivables 0.00 0.00 0.00 0.00 0.00
Increase in Cash/Deposits/Govt Sec. 0.00 0.00 0.00 0.00 0.00
Increase in Other Current Assets 0.00 0.00 0.00 0.00 0.00
Decrease in Other Current Liab. 0.00 0.00 0.00 0.00 0.00
Decrease in Bank Borrowings 0.00 0.00 0.00 0.00 0.00
Total Short Term Uses 0.00 0.00 0.00 0.00 0.00
Summary of fund Flow Analysis
Long Term Sources 0.00 0.00 0.00 0.00 0.00
Long Term Uses 0.00 0.00 0.00 0.00 0.00
Surplus /Deficit (i-ii) 0.00 0.00 0.00 0.00 0.00
Short term sources 0.00 0.00 0.00 0.00 0.00
Short term uses 0.00 0.00 0.00 0.00 0.00
Surplus /Deficit (iii-iv) 0.00 0.00 0.00 0.00 0.00
CALCULATION OF BREAK EVEN LEVELS
Variable Aud Aud Aud Est. Proj
Particulars % 2015-16 2016-17 2017-18 2018-19 2019-20
BREAK EVEN POINT
Sales 0.00 0.00 0.00 0.00 0.00
Variable Cost
I. Raw Material 100.00% 0.00 0.00 0.00 0.00 0.00
ii. Consumables 100.00% 0.00 0.00 0.00 0.00 0.00
iii. Direct Labour 60.00% 0.00 0.00 0.00 0.00 0.00
iv. Power & Fuel 60.00% 0.00 0.00 0.00 0.00 0.00
v. Selling Expenses 20.00% 0.00 0.00 0.00 0.00 0.00
vi. Other Variable Costs
Total Variable Costs 0.00 0.00 0.00 0.00 0.00
Percent of Sales 0% 0% 0% 0% 0%

Fixed Costs 0.00 0.00 0.00 0.00 0.00

Break Even Level of Sales 0.00 0.00 0.00 0.00 0.00

Percentage to Sales 0% 0% 0% 0% 0%

Cash Break Even of Sales 0.00 0.00 0.00 0.00 0.00

0% 0% 0% 0% 0%

Sensitivity to BEP
When sales go down
Sales (when down by) 5% 0.00 0.00 0.00 0.00 0.00
Variable costs also go down by 0% 0.00 0.00 0.00 0.00 0.00
Contribution 0.00 0.00 0.00 0.00 0.00
Fixed Costs 0.00 0.00 0.00 0.00 0.00
BEP 0.00 0.00 0.00 0.00 0.00
% to Sales 0% 0% 0% 0% 0%
Cash Break Even of Sales 0.00 0.00 0.00 0.00 0.00
% Sales 0% 0% 0% 0% 0%

When RM cost goes up by 5%

% can be passed on to customer
Sales will go up to 0.00 0.00 0.00 0.00 0.00
Variable costs up by 5% 0.00 0.00 0.00 0.00 0.00
Contribution 0.00 0.00 0.00 0.00 0.00
Fixed costs 0.00 0.00 0.00 0.00 0.00
BEP if RM cost goes up by 5% 0.00 0.00 0.00 0.00 0.00
% to Sales 0% 0% 0% 0% 0%
Cash Break Even of Sales 0.00 0.00 0.00 0.00 0.00
% Sales 0% 0% 0% 0% 0%
When Other Variable costs up by 5%
% can be passed on to customer 0%
Sales will go up to 0.00 0.00 0.00 0.00 0.00
Other Variable Cost up by 5% 0.00 0.00 0.00 0.00 0.00
Contribution 0.00 0.00 0.00 0.00 0.00
Fixed Costs 0.00 0.00 0.00 0.00 0.00
BEP If Variable Expn. Go up by 5% 0.00 0.00 0.00 0.00 0.00
% Sales 0% 0% 0% 0% 0%
Cash Break Even of Sales 0.00 0.00 0.00 0.00 0.00
% Sales 0% 0% 0% 0% 0%

Sensitivity to DSCR
When Sales go down
Sales (when down by) 0.05 0.00 0.00 0.00 0.00 0.00
Variable costs also go down by 0.00 0.00 0.00 0.00 0.00 0.00
Fixed cost 0.00 0.00 0.00 0.00 0.00
Total cost 0.00 0.00 0.00 0.00 0.00
Operating Profits 0.00 0.00 0.00 0.00 0.00
Depreciation & non cash charges 0.00 0.00 0.00 0.00 0.00
Cash Accruals 0.00 0.00 0.00 0.00 0.00
Interest on TL 0.00 0.00 0.00 0.00 0.00
Repayments 0.00 0.00 0.00 0.00
Gross DSCR 0.00 0.00 0.00 0.00 0.00
Average Gross DSCR 0.00

When RM cost goes up by 5%

% can be passed on to customer 0%
Sales 0.00 0.00 0.00 0.00 0.00
Variable costs sales go up to 0.00 0.00 0.00 0.00 0.00
Fixed cost 0.00 0.00 0.00 0.00 0.00
Total cost 0.00 0.00 0.00 0.00 0.00
Operating Profits 0.00 0.00 0.00 0.00 0.00
Depreciation & non cash charges 0.00 0.00 0.00 0.00 0.00
Cash Accruals 0.00 0.00 0.00 0.00 0.00
Interest on TL 0.00 0.00 0.00 0.00 0.00
Repayments 0.00 0.00 0.00 0.00 0.00
Gross DSCR 0.00 0.00 0.00 0.00 0.00
Average Gross DSCR 0.00
 When Variable costs go up by 5%
% can be passed on to customer 0%
Sales 0.00 0.00 0.00 0.00 0.00
Variable costs sales go up to 0.00 0.00 0.00 0.00 0.00
Fixed cost 0.00 0.00 0.00 0.00 0.00
Total cost 0.00 0.00 0.00 0.00 0.00
Operating Profits 0.00 0.00 0.00 0.00 0.00
Depreciation & non cash charges 0.00 0.00 0.00 0.00 0.00
Cash Accruals 0.00 0.00 0.00 0.00 0.00
Interest on TL 0.00 0.00 0.00 0.00 0.00
Repayments 0.00 0.00 0.00 0.00 0.00
Gross DSCR 0.00 0.00 0.00 0.00 0.00
Average Gross DSCR 0.00

FINANCIAL PARAMETERS & ASSESSMENT

Particulars Aud Aud Aud Est. Proj

Year 2015-16 2016-17 2017-18 2018-19 2019-20
A. Balance Sheet Data
Share Capital
Share Appln. Money
Res.& Surplus Excl. Revaluation Reserve
Surplus / Deficit in P & L Account
Intangible assets
Tangible Networth (TNW)
Installment due within one year
Term Liabilities (Excl. Install)
Unsecured Loans
Capital Employed
Net Block
Non Current Assets
Current Assets (A)
Current Liabilities (B)
Net Working Capital (A – B)

B. Operational Data
Gross Sales
Less : Excise / Sales Tax
Net Sales
Refund of Sales Tax
Other Income
Mfg. Expenses
Admn. & Selling Expenses
Depreciation
Interest
Profit Before Tax (PBT)
Profit After Tax (PAT)

C. Profit Ratios
NP / NS (%)
NP / Cap. Employed (%)
Inv. Turnover (Days)
Debtors Turnover (Days)
PAT / TNW (%)
Current Ratio
DER (TTL / TNW)
DER (TOL / TNW)
DSCR. 0.00

RATIO ANALYSIS Aud. Aud. Aud. Est. Proj.

Particulars 2015-16 2016-17 2017-18 2018-19 2019-20
... RATIOS
1 Growth in Sales 0% 0% 0% 0% 0%
2 Gross profit Ratio 0.00% 0.00% 0.00% 0.00% 0.00%
3 PBDIT 0.00 0.00 0.00 0.00 0.00
4 PBDIT/sales 0.00% 0.00% 0.00% 0.00% 0.00%
5 Operating Profits/Sales 0.00% 0.00% 0.00% 0.00% 0.00%
6 PBT/Sales 0.00% 0.00% 0.00% 0.00% 0.00%
 7 PAT/Sales 0.00% 0.00% 0.00% 0.00% 0.00%
8 Cash Accruals/ Sales 0.00% 0.00% 0.00% 0.00% 0.00%
9 Sales/Equity 0.00 0.00 0.00 0.00 0.00
10 Sales / TTA 0.00 0.00 0.00 0.00 0.00
11 Interest Coverage (Interest/PBDIT) 0.00% 0.00% 0.00% 0.00% 0.00%
12 PBDIT / Interest (Times) 0.00 0.00 0.00 0.00 0.00
13 Deferred Debt/ Equity 0.00 0.00 0.00 0.00 0.00
14 TOL/Equity 0.00 0.00 0.00 0.00 0.00
15 Current Ratio (CA / CL) 0.00 0.00 0.00 0.00 0.00
16 Current Ratio excluding TL Installments 0.00 0.00 0.00 0.00 0.00
17 CA / TTA (%) 0.00% 0.00% 0.00% 0.00% 0.00%
18 Inventory +Receivables as days of Net Sales 0 0 0 0 0
19 Bank Borrowings/Current Assets 0.00% 0.00% 0.00% 0.00% 0.00%
20 RM content in sales 0% 0% 0% 0% 0%
21 ROCE (PBDIT incl. Other income/TTA) 0.00% 0.00% 0.00% 0.00% 0.00%

Debt Service Coverage Ratio Calculations

Cash accruals 0.00 0.00 0.00 0.00 0.00
Any cash inflow (eg. sales tax deferal,
subsidy )
Interest on TL / Deferred Loans 0.00 0.00 0.00 0.00 0.00
Repayment Obligations of TL 0.00 0.00 0.00 0.00
Repayment of other deferred Loans
Total Repayment 0.00 0.00 0.00 0.00 0.00

Net Debt Service Coverage Ratio (DSCR) 0.00 0.00 0.00 0.00 0.00
Gross Debt Service Coverage Ratio (DSCR) 0.00 0.00 0.00 0.00 0.00
Average Net DSCR 0.00
Average Gross DSCR 0.00

Security Coverage Ratio

Net Block 0.00 0.00 0.00 0.00 0.00
Term Loan outstanding (including
installments) 0.00 0.00 0.00 0.00 0.00
Security Cover available (NB-TL/NB) 0% 0% 0% 0% 0%

Security cover including Collateral Security

Security Cover available ((NB+ Collateral-
TL)/NB) 0% 0% 0% 0% 0%

Key Indicators Aud Aud Aud Est. Proj

2015-16 2016-17 2017-18 2018-19 2019-20
Net Sales 0.00 0.00 0.00 0.00 0.00
Operating Profit 0.00 0.00 0.00 0.00 0.00
(Net) Other income 0.00 0.00 0.00 0.00 0.00
 PBDIT/Sales 0.00% 0.00% 0.00% 0.00% 0.00%
PBT/Sales 0.00% 0.00% 0.00% 0.00% 0.00%
PAT 0.00 0.00 0.00 0.00 0.00
PAT/Net Sales 0.00% 0.00% 0.00% 0.00% 0.00%
Cash Accruals 0.00 0.00 0.00 0.00 0.00
Cash Accruals/Sales 0.00% 0.00% 0.00% 0.00% 0.00%
Paid up Capital (PUC) 0.00 0.00 0.00 0.00 0.00
TNW 0.00 0.00 0.00 0.00 0.00
Adjusted TNW (TNW-Investment in
associates) 0.00 0.00 0.00 0.00 0.00
TOL/TNW 0.00 0.00 0.00 0.00 0.00
TOL/Adjusted TNW 0.00 0.00 0.00 0.00 0.00
C/R 0.00 0.00 0.00 0.00 0.00
C/R excluding T/L installments due in 1 year 0.00 0.00 0.00 0.00 0.00
Net Sales / TTA (Times) 0.00 0.00 0.00 0.00 0.00
PBT/TTA (%) 0.00% 0.00% 0.00% 0.00% 0.00%
Operating costs/sales(%) 0.00% 0.00% 0.00% 0.00% 0.00%
Bank Finance / Current Assets (%) 0.00% 0.00% 0.00% 0.00% 0.00%
Inv + Rec. /N.S. (DAYS) 0 0 0 0 0
NWC / CA (%) 0.00% 0.00% 0.00% 0.00% 0.00%

NOTE:

In case of Agri. Related projects, Project specific formats are to be used, some of the
formats are available on NABARD website.