Instructions for Entering Data in CMA Template

1 Data to be entered in first two sheets only i.e. "Profit & Loss Statement" and "Balance Sheet"
Following is the Color Coding for input
1 User input (Mandatory)
2 User input (Optional)
3 Formula Driven Cells (Auto generated)
4 Headings
Other Instructions
All the data is to be entered ONLY in the sheets titled "Profit & Loss Statement" and "Balance Sheet".
1
All the other sheets are output sheets and self generated for analysis purpose.
In case of Project term loan, separate file for Project Financials to be filled and proposal type "Company/Firm with Project" to be selected
2
in the CRR system
3 Consolidated financials to be enter only in case of landing to the Group as a whole, in all other case Standalone to be selected
 Profit & Loss Statement.

BORROWER_NAME SIDDHARTH J
TEMPLATE_NAME Company Financials v1
ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs
Correct Input Fields
BASE YEAR (YYYY) 2024
Is this a Start-Up entity? No
1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Profit & Loss Statement
OPERATING REVENUE
1 GROSS SALES (a+b) 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Domestic Sales 5756.56 6355.48 6991.03 7690.13 8459.14
b Export Sales
2 Less : Goods & Services Tax 0.00 0.00 0.00 0.00 0.00
3 NET SALES (1 - 2) 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
% wise rise/fall in net sales as compared to
0.00% 10.40% 10.00% 10.00% 10.00% -100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
previous year
4 Other Operating Income 3.87 5.60 5.68 5.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Other operating income / export incentives
b Sale of Traded Goods
c Others 3.87 5.60 5.68 5.89
A TOTAL REVENUE (3 + 4) 5760.43 6361.08 6996.71 7696.02 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
COST OF SALES
5 Purchases 5362.47 5678.86 6311.41 6867.25 7566.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Imported Purchase
b Indigenous Purchase 5362.47 5678.86 6311.41 6867.25 7566.15
6 Other Spares 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Imported Spares
b Indigenous Spares
7 Power and fuel
8 Labour and wages 162.02 179.84 199.27 220.79 244.63
9 Other Workshop Expenses 238.69 264.95 293.56 325.26 352.89
10 Depreciation
11 Sub total (sum of 5 TO 10) 5763.18 6123.65 6804.24 7413.30 8163.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Add: Opening Stock In Process
SUB TOTAL (11a) 5763.18 6123.65 6804.24 7413.30 8163.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deduct: Closing Stock In Process
12 Total Cost of Production 5763.18 6123.65 6804.24 7413.30 8163.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Add: Opening Stock of Finished Goods 211.34 201.00 288.38 317.22
SUB TOTAL (12a) 5763.18 6334.99 7005.24 7701.68 8480.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Less: Closing Stock of Finished Goods 211.34 201.00 288.38 317.22 356.87
13 TOTAL COST OF SALES 5551.84 6133.99 6716.86 7384.46 8124.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Page 2 of 32
 Profit & Loss Statement.

YEAR (YYYY) 2023 2024 2025 2026 2027

14 Selling, General & Administrative Expanses 142.05 147.13 150.08 152.51 155.64
B SUB TOTAL (13 + 14) 5693.89 6281.12 6866.94 7536.97 8279.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00
OPERATING PROFIT BEFORE INTEREST &
66.54 79.96 129.77 159.05 179.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00
C TAX
(A-B)
Interest
15 Interest payment to Banks 0.01 0.01 33.75 45.00 45.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a To Banks for WC 0.01 0.01 33.75 45.00 45.00
b To Banks for Term Loans
16 Interest payment to Financial Institutions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a To Financial Institutions for WC
b To Financial Institutions for Term Loans
17 Interest payment for UnSecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a /Others
Interest payment for USL
b Other interest Payments
D TOTAL INTEREST (15+16+17) 0.01 0.01 33.75 45.00 45.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
E OPERATNG PROFIT AFTER INTEREST(C-D) 66.53 79.95 96.02 114.05 134.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00
18 Add: other non operating income 6.92 7.10 7.20 7.40 7.60
19 Deduct: other non operating expenses
F NET OFF NON OPERATING INCOME / 6.92 7.10 7.20 7.40 7.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00
G EXPENSES (18-19)
PROFIT BEFORE TAX/LOSS (PBT) (E+F) 73.45 87.05 103.22 121.45 142.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
H PROVISION FOR TAXES 1.21 1.25 1.85 2.25 2.50
I NET PROFIT/LOSS (G-H) 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
J APPROPRIATION OF PROFIT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Equity Dividend Paid
Dividend Rate for Equity (%)
b Preference Dividend Paid
Dividend Rate for Preference share (%)
K RETAINED PROFIT (I-J) 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
L RETAINED PROFIT/NET PROFIT(%) K/I*100 100.00% 100.00% 100.00% 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
CASH ACCRUALS (After adjusting all non
72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
M cash items)
EARNING BEFORE INTEREST,
66.54 79.96 129.77 159.05 179.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00
N DEPRECIATION, TAXES & AMORTIZATION
O (EBIDTA)
EARNING BEFORE INTEREST & TAX (EBIT) 66.54 79.96 129.77 159.05 179.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Purchase Cost of RM & Spares 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total of appropriation from Accumulated
P&L Account (including dividend and 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Withdrawal/cash appropriation)

BREAK EVEN POINT CALCULATION

Direct Labour & Wages (Variable) %
Direct Labour & Wages (Fixed) % 100%
Selling & Administration Exp. (Variable) %
Selling & Administration Exp. (Fixed) % 100%
DSCR If Projected Sales Price reduces by 10.00%
DSCR If Projected Raw Material Cost increases by 10.00%
DSCR if Projected Rate of Interest increases by 10.00%

Page 3 of 32
 Balance Sheet.

BORROWER_NAME SIDDHARTH J
ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Balance Sheet
LIABILITIES
CURRENT LIABILITIES
A Short Term Borrowings From Banks & FIs
(Including Bill Purchased,Discounted & 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
excess Borrowings)
1 Borrowings from Banks & FIs 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a from our bank 320.00 320.00 320.00
b from other bank
b(i) of which BP & BD from other Banks
c from other FIs
2 Other Borrowings not classified above 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Commercial Paper
b Other borrowings
B Short term Borrowings from other Creditors 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Sundry Creditors (Trade)
2 Creditors under LC
C Other Current Liability 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Term Loan installments / Deposits/Debentures
due within a year
2 Other Term Liabilities maturing within a year
3 Interest accrued but not due on borrowings
4 Statutory liabilities due within a year
5 Creditors for Capital expenditure due within a
6 year
Dividend Payable
7 Advance from customers / Dealers Deposits
8 Short term deposits (other than dealers deposit)
9 Share Application Money (Not finalized for
allotment, oversubscribed money)
10 Other Payables (Major items to be specified) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Provision for Dividend
b Other Payables
D Short Term Provisions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Provision for Taxation
2 Other Provisions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Provision for expenses
b Provision for NPA
c Provisions Others
I TOTAL CURRENT LIABILTIES (A+B+C+D) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TERM LIABILITIES

Page 4 of 32
 Balance Sheet.

YEAR (YYYY) 2023 2024 2025 2026 2027

E Debentures not maturing within 1 Year
F Preference Share Capital (Residual Period more
than 1 year)
G Long Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Term Loan from Banks & FIs (Secured) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a from bank
b from FIs
2 Unsecured Loans from Banks & FIs
H Other Long Term Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Long Term Deposits
2 Deferred Tax Liability
3 Sundry creditor for capital goods
4 Unsecured Loans from promoters & relatives etc
5 Any other
I Long Term Advance from Customers
II TOTAL TERM LIABILTIES (E+F+G+H+I) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
III TOTAL OUTSIDE LIABILTIES (i+ii) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

NET WORTH
J Equity share capital (paid up) 40.38 59.15 74.32 85.50 82.36
K Preference Share Capital (paid up)
L Share Application Money
M Reserves and Surplus 494.23 495.80 491.37 489.20 509.58 0.00 0.00 0.00 0.00 0.00 0.00 42.00
1 Revenue Reserve ( Reserves out of Profit in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42.00
normal business course)
a General / Free / Contingency Reserve 42.00
2 Capital Reserve (Reserves out of Capital Profit) 421.99 410.00 390.00 370.00 370.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Share Premium
b Capital Subsidy
c Revaluation Reserve
d Others (Unsecured loans considered as a part of
421.99 410.00 390.00 370.00 370.00
equity)
e Capital Redemption Reserve
f Other reserves (excluding Provisions)
3 Accumulated P&L (Surplus or Deficit in Profit & 72.24 85.80 101.37 119.20 139.58
Loss Account)
IV TOTAL NET WORTH (J+K+L+M) 534.61 554.95 565.69 574.70 591.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00

V TOTAL LIABILITIES (iii+iv) 534.61 554.95 885.69 894.70 911.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00

ASSETS
CURRENT ASSETS
N Cash & Bank Balance 92.43 82.83 266.19 236.36 183.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Cash in hand 92.43 82.83 266.19 236.36 183.95
2 Bank Balance
3 Other
O Receivables - Current 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Domestic (upto 6 Months) other than deferred,
BP & BD by Banks & export receivables.
2 Domestic Receivables discounted with banks
3 Export Receivables(Including BP & BD by Banks)

Page 5 of 32
 Balance Sheet.

YEAR (YYYY) 2023 2024 2025 2026 2027

4 Installments of Deferred receivables (due within
1 year)
P Inventory 211.34 201.00 288.38 317.22 356.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Raw Materials (including stores & other items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
used in the process of manufacturing)
a Imported
b Indigenous
2 Stock in Process
3 Finished Goods (incl Traded Goods) 211.34 201.00 288.38 317.22 356.87
4 Other consumable spares - Imported
5 Other consumable spares - Indigenous
Q Other Current Assets 219.72 260.00 320.00 330.00 360.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Advances to suppliers/of Raw
Materials/Stores/Spares
2 Advance payment of taxes
3 Advances to related parties (if permitted for
MPBF Assessment)
4 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Government and other trustee Security
b fixed deposits with bank etc.
5 Other Receivables 219.72 260.00 320.00 330.00 360.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Short term Loans and advances 219.72 260.00 320.00 330.00 360.00
b Any Other Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b(i) Unbilled Revenue
b(ii) Any other item
VI TOTAL CURRENT ASSETS (N+O+P+Q) 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FIXED ASSETS
R Net Block 11.12 11.12 11.12 11.12 11.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Gross Block 11.12 11.12 11.12 11.12 11.12
b Less : Accumulated depreciation 0.00 0.00 0.00 0.00 0.00
S Capital Work in progress
VII TOTAL FIXED ASSETS (R+S) 11.12 11.12 11.12 11.12 11.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NON CURRENT ASSETS
T Investments/Book
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debts/Advances/Deposits which are not
1 current
Investmentassets
in group concerns/Subsidiary
2 Companies
Other Investments
U Receivables- Non Current 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Domestic Debtors > 6 months
2 Deferred receivables (maturity exceeding one
3 year)
Dues from Related Parties (not permitted for
MPBF Calculation)
V LOANS & ADVANCES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 To group concerns / related parties (including
ICDs to related parties)
2 Any other loan
W Other Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Inter corporate Deposits (other than given to
related parties)
2 Advances to Suppliers of Capital goods
3 Deferred Tax Asset
4 Non Consumable Stores & Spares

Page 6 of 32
 Balance Sheet.

YEAR (YYYY) 2023 2024 2025 2026 2027

5 Others (Non Current)
X Deferred Revenue Expenditure
VIII TOTAL NON CURRENT ASSETS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(T+U+V+W+X)
Intangible Assets
IX Intangible Assets Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Goodwill, Patents & trademarks
2 Accumulated Losses, Preliminary
expenses,Miscellaneous expenditure not w/off,
Other deferred revenue expenses,Doubtful Debts
not provided for etc.
X TOTAL ASSETS (vi+vii+viii+ix) 534.61 554.95 885.69 894.70 911.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00
XI DIFFERENCE IN B/S (v-x) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -42.00
XII TANGIBLE NETWORTH 534.61 554.95 565.69 574.70 591.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00
XIII NET WORKING CAPITAL 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(ii+iv)-(Q+viii+ix) to tally with (vi-i)
XIV CURRENT RATIO 0.00 0.00 2.73 2.76 2.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
XV Total outside Liabilities/Tangible Net Worth 0.00 0.00 0.57 0.56 0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(iii/xii)
ADDITIONAL INFORMATION
Arrears of Depreciation
Contingent liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Arrears of cumulative dividends
b Guarantees issued (relating to business)
c Guarantees issued (for group companies)
d Gratuity Liability not provided for
e Disputed excise / customs / tax Liabilities
f LCs
g All other contingent liabilities(including Bills
purchased - Under LC)
h Repayments due within one year
i Preference Share Capital (due in less than a
j year)
Capital Commitment
k Unhedged Forex
l Other Liabilities not provided for

Page 7 of 32
 Ratio Analysis.

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Ratio Analysis
A Balance Sheet Data/ Capital Structure
1 Equity Share Capital 40.38 59.15 74.32 85.50 82.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Preference Share Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Share Application (finalized for Allotment) &
3 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Securities Premium
Other Reserves & Surplus (excl. Rev. reserves,
421.99 410.00 390.00 370.00 370.00 0.00 0.00 0.00 0.00 0.00 0.00 42.00
4 Deferred Revenue Expenditure & net of
5 intangibles)
Accumulated Profit & Loss 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Tangible Net Worth 534.61 554.95 565.69 574.70 591.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00
7 Deferred Tax Liabilities / (Assets) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 TNW Adjusted to DTA/ DTL 534.61 554.95 565.69 574.70 591.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00
9 Funds Invested Outside Business (FIOB) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 Adjusted TNW (ATNW) 534.61 554.95 565.69 574.70 591.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00
11 Term Liabilities (of which) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Term Loans from Banks & FI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Other LT Borrowings not classified above 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c Debentures 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d Others Term Liabilities & Provisions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Capital Employed 534.61 554.95 885.69 894.70 911.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00
13 Net Block (Excl. Revaluation Reserve) 11.12 11.12 11.12 11.12 11.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14 Non-current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
15 Current Assets 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Inventories 211.34 201.00 288.38 317.22 356.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Debtors 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c -- Cash & Bank Balance 92.43 82.83 266.19 236.36 183.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d -- ST Investments 219.72 260.00 320.00 330.00 360.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e -- Other Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16 Current Liabilities (Ratio) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Creditors 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Creditors for LC / Buyers Credit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c Bank Borrowings 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d Term Borrowings Payable in one year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e Other Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
f Other Liabilities & Provisions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17 Net Current Assets 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
18 Capital Deployed 534.61 554.95 565.69 574.70 591.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00
19 Additional Information (Ratio)
a Secured Long Term Borrowings (Excl. Term 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
borrowing maturing within a year)

Page 8 of 32
 Ratio Analysis.

YEAR (YYYY) 2023 2024 2025 2026 2027

b Unsecured Long Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B Profit & Loss Statement:
1 Gross Sales 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a (-) Goods & Services Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Net Sales 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a -- of which Export Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Other Operating Income (Ratio) 3.87 5.60 5.68 5.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Total Operating Income (TOI) 5760.43 6361.08 6996.71 7696.02 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Net off Non Operating Income/Expenses 6.92 7.10 7.20 7.40 7.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Total Income (TI) 5767.35 6368.18 7003.91 7703.42 8466.74 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 Cost of goods sold 5551.84 6133.99 6716.86 7384.46 8124.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 Admn. Selling expenses/provisions 142.05 147.13 150.08 152.51 155.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 Interest (Ratio) 0.01 0.01 33.75 45.00 45.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Profit Before Tax (PBT) 73.45 87.05 103.22 121.45 142.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Tax provisions 1.21 1.25 1.85 2.25 2.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13 Net profit after tax (PAT) 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14 Dividend / App. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
15 Net profit retained in business 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16 Cash Accruals 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17 EBIT 73.46 87.06 136.97 166.45 187.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Profit(EBIT+ Depreciation - Non
18 66.54 79.96 129.77 159.05 179.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Income)
19 EBITDA 73.46 87.06 136.97 166.45 187.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
C Ratio Analysis:
1 Operating Profit margin {OPBDIT/TOI %} 1.16% 1.26% 1.85% 2.07% 2.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2 PBT/Net Sales (in %) 1.28% 1.37% 1.48% 1.58% 1.68% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
3 PAT/Net Sales (in %) 1.25% 1.35% 1.45% 1.55% 1.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
4 Total Debt/EBITDA 0.00 0.00 2.34 1.92 1.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Return on Capital Employed (in %) 13.74% 15.69% 15.46% 18.60% 20.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
6 PAT/ATNW 13.51% 15.46% 17.92% 20.74% 23.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
7 Current Ratio (Considering TL inst.) 0.00 0.00 2.73 2.76 2.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 Current Ratio (without considering TL inst.) 0.00 0.00 2.73 2.76 2.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 Debt Equity Ratio (TTL/ATNW) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 Debt Equity Ratio (TOL/ATNW) 0.00 0.00 0.57 0.56 0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Debt Equity Ratio (TTL/TNW) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Debt Equity Ratio (TOL/TNW) 0.00 0.00 0.57 0.56 0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13 (TOL + Cont. Lia.) / ATNW 0.00 0.00 0.57 0.56 0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14 % of Cont. liab. to ATNW 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
15 Interest Coverage Ratio {EBITDA/Interest} 7346.00 8705.90 4.06 3.70 4.16 100.00 100.00 100.00 100.00 100.00 100.00 100.00
16 Inventory Holding level (days) 13.89 11.96 15.67 15.68 16.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17 Debtors (days) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
18 Creditors level (days) 0.00 0.00 0.00 0.00 0.00 -- -- -- -- -- -- --
19 Debt Service Coverage Ratio (DSCR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
20 Total Debt 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
21 Asset Cover Ratio 100.00 100.00 2.77 2.80 2.85 100.00 100.00 100.00 100.00 100.00 100.00 100.00
22 Total Debt / Tangible Networth 0.00 0.00 0.57 0.56 0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
23 Net cash accruals / Total Debt 100.00 100.00 0.32 0.37 0.44 100.00 100.00 100.00 100.00 100.00 100.00 100.00
24 Cash / Debt 100.00 100.00 0.83 0.74 0.57 100.00 100.00 100.00 100.00 100.00 100.00 100.00
25 NCA/ CPLTD 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Page 9 of 32
 Ratio Analysis.

YEAR (YYYY) 2023 2024 2025 2026 2027

26 Cash / Total Outside Liabilities 100.00 100.00 0.83 0.74 0.57 100.00 100.00 100.00 100.00 100.00 100.00 100.00
27 ROCE 13.74% 15.69% 15.46% 18.60% 20.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
28 Interest Coverage (EBITDA/Interest) 7346.00 8705.90 4.06 3.70 4.16 100.00 100.00 100.00 100.00 100.00 100.00 100.00
29 Total Debt / Tangible Networth 0.00 0.00 0.57 0.56 0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
30 Operating Margin 1.16% 1.26% 1.85% 2.07% 2.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
31 Total Outside Liabilities / Tangible Networth 0.00 0.00 0.57 0.56 0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Permissible Bank Finance as per MPBF
D Method 1
1 Total Current Assets [TCA] 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Less: Current liabilities less Bank finance &
2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Creditors under LC
3 Working Capital Gap (1-2) [WCG] 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Total Current Liabilities (Method 1) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Export Receivables (Method 1) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Less: Margin: Higher of-
25% of (WCG excl Export Rec) 130.87 135.96 218.64 220.90 225.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Working Capital (1-4) 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Margin: 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00

7 MAXIMUM PERMISSIBLE BANK FINANCE 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(3-6) (Method 1)
8 Bank Borrowing (Method 1) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 Excess Borrowing (Method 1) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Permissible Bank Finance as per MPBF

E Method 2
1 Total Current Assets {TCA} 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Less:Current liabilities less Bank finance &
2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Creditors under LC 0.00
3 Working Capital Gap (1-2) (WCG) 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Total Current Liabilities (Method 2) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Export Receivables (Method 2) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Less:Margin: Higher of -
25% of (WCG excl. Export Rec) 130.87 135.96 218.64 220.90 225.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Working Capital (1- 4) 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Margin- 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 MAXIMUM PERMISSIBLE BANK FINANCE 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(3-6) (Method 2)
8 Bank Borrowing (Method 2) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 Excess Borrowing (Method 2) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

F Working Capital Cycle

1 Debtors [Gross Sales] 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a -- Domestic Receivables (incl > 6 months) 0.00 0.00 0.00 0.00 0.00 -- -- -- -- -- -- --
b -- Export Receivables 0.00 0.00 0.00 0.00 0.00 -- -- -- -- -- -- --
c -- Deferred Receivables 0.00 0.00 0.00 0.00 0.00 -- -- -- -- -- -- --
2 Total Inventory 13.89 11.96 15.67 15.68 16.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a -- RM & Stores [RM & Stores Consumed] 0.00 0.00 0.00 0.00 0.00 -- -- -- -- -- -- --
b -- WIP [COP] 0.00 0.00 0.00 0.00 0.00 -- -- -- -- -- -- --
c -- Finished Goods [COGS] 13.89 11.96 15.67 15.68 16.03 -- -- -- -- -- -- --
3 Advance to Suppliers [RM & Stores Consumed] 0.00 0.00 0.00 0.00 0.00 -- -- -- -- -- -- --

Page 10 of 32
 Ratio Analysis.

YEAR (YYYY) 2023 2024 2025 2026 2027

4 Funding Requirement for Days 13.89 11.96 15.67 15.68 16.03 -- -- -- -- -- -- --
Creditors & Buyer's Credit [RM & Stores
5 0.00 0.00 0.00 0.00 0.00 -- -- -- -- -- -- --
Purchase Cost]
6 Advance from Customers [Gross Sales] 0.00 0.00 0.00 0.00 0.00 -- -- -- -- -- -- --
7 External Credit Available for 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 Net WC Cycle 13.89 11.96 15.67 15.68 16.03 -- -- -- -- -- -- --

G SUMMARY
1 CURRENT ASSETS (Ratio-MPBF) 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Export receivables (Ratio) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 CURRENT LIABILITIES (excl Bank borrowing) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Working Capital Gap (1-2) 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Working Capital Gap (1-2)-Excl export Rcvbl 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b 25% of Working capital Gap - Excl Export Rcvbl 130.87 135.96 218.64 220.90 225.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Act./Proj Bank Borrowing Incl. LC Creditors and
4 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Buyers Credit
5 Total Cur Lia (II+IV) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Act./Proj NWC 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Mini. Stip. NWC, 25 % of WCG or Act./Proj NWC
7 130.87 135.96 218.64 220.90 225.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00
as applicable (Min of 3(b) or 6)
8 Item 3 - Item 7 392.62 407.87 655.93 662.69 675.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 Item 3 - Item 6 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 MPBF 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Excess Borrowing if any 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Page 11 of 32
 Benchmark ratios.

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026
YEAR_TYPE Audited Provisional Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12
CURRENCY INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026
Benchmark Ratios
A Benchmark Ratio Calculation
1 Return on Capital Employed (%) 15.69% 14.91% 14.91% 15.46% 17.03%
2 Interest Coverage Ratio {EBITDA/Interest} 8705.90 8161.94 8161.94 4.06 3.88
3 Total Debt/ Tangible Networth 0.00 0.00 0.00 0.57 0.56
4 Operating Margin (%) 1.26% 1.22% 1.22% 1.85% 1.96%
5 Total Outside Liabilities / Tangible Networth 0.00 0.00 0.00 0.57 0.56

B Ratios for Benchmarks (Past) - RAM

1 Return on Capital Employed (ROCE %) 14.91%
2 Interest Coverage Ratio {EBITDA/Interest} 8161.94
3 Networth (Amount in Rs. Lakhs) 554.95
4 Total Debt/ Tangible Networth (Total 0.00
5 Debt/TNW)
Net cash accruals / Total Debt 100.00
6 Cash/ Debt 100.00
7 Net Cash Accrual/ Current Portion of Long Term 100.00
Debt (NCA/CPLTD)
8 Operating Margin (%) 1.22%
9 Current Ratio 0.00
10 Total Outside Liabilities/ Tangible Networth 0.00
11 Cash/ Total Outside Liabilities 10000.00%
12 Trend in working capital cycle -13.92%
13 Capital employed (Amount in Rs. Lakhs) 554.95
C Ratios for Benchmarks (Projected) - RAM
1 Return on Capital Employed (ROCE %) 17.03%
2 Interest Coverage Ratio {EBITDA/Interest} 4.06
3 Networth (Amount in Rs. Lakhs) 565.69
4 Total Debt / Tangible Networth (Total 0.56
5 Debt/TNW)
Net cash accruals/ Total debt 0.32
6 Cash/Debt 83.18%
7 Net Cash Accrual/Current Portion of Long Term 100.00
Debt (NCA/CPLTD)
8 Operating Margin (%) 1.96%
9 Current Ratio 2.73
10 Total Outside Liabilities/Tangible Networth 0.56
11 Cash/Total Outside Liabilities 83.18%
12 Debt Service Coverage Ratio (DSCR) 0.00
13 Year on Year Growth in Sales (%) 0.00%

D Trends
1 Total Outside Liabilities / Tangible Networth 0.00% Stable
2 (Trend)
Interest Coverage (Trend) 18.51% Increasing trend
3 Debt Service Coverage Ratio (DSCR) - Trend 0.00% Stable
4 Cash to Debt (Trend) 0.00% Stable
5 Asset Coverage (Trend) 0.00% Stable

E For Comparison with peers

1 Total Outside Liabilities / Tangible Networth 0.00
(Peer comparison)
2 Interest Coverage (Peer comparison) 8705.90
3 Net Profit Margin (Peer comparison) 1.35%
4 Sales Growth (Peer comparison) 10.40%

Page 12 of 32
 Benchmark ratios (Start Up)

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP Audited
FINANCIAL_TYPE Standalone Standalone Estimated
YEAR (YYYY) 2024 2025 Provisional
YEAR_TYPE Provisional Projected Projected
STATEMENT_DATE 31-Mar 31-Mar
NO_OF_MONTHS 12 12
CURRENCY INR INR
DENOMINATION Lakhs Lakhs

This is not a Start-Up entity. Please refer to 'Benchmark ratios.' sheet for the details.
1 2 3 4 5
Sr. No Particulars 31-03-2024 31-03-2025
Benchmark Ratios
A Benchmark Ratio Calculation
1 Return on Capital Employed (%) 15.69% 15.58%
2 Interest Coverage Ratio {EBITDA/Interest} 8705.90 4354.98
3 Total Debt/ Tangible Networth 0.00 0.28
4 Operating Margin (%) 1.26% 1.56%
5 Total Outside Liabilities / Tangible Networth 0.00 0.28

C Ratios for Benchmarks (Start Up)

1 Return on Capital Employed (ROCE %) 15.58%
2 Interest Coverage Ratio 8705.90
3 {EBITDA/Interest}
Networth (Amount in Rs. Lakhs) 554.95
4 Total Debt / Tangible Networth (Total 0.28
5 Debt/TNW)
Net cash accruals/ Total debt 100.00
6 Cash/Debt 100.00
7 Net Cash Accrual/Current Portion of Long 100.00
Term Debt (NCA/CPLTD)
8 Operating Margin (%) 1.56%
9 Current Ratio 0.00
10 Total Outside Liabilities/Tangible 0.28
11 Networth
Cash/Total Outside Liabilities 10000.00%
12 Debt Service Coverage Ratio (DSCR) 0.00
13 Year on Year Growth in Sales (%) 10.20%
14 Capital Employed for Startup 554.95

Page 13 of 32
 Abridged BS

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
ABRIDGED BALANCE SHEET
LIABLITIES
a Share capital 40.38 59.15 74.32 85.50 82.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Reserve & surplus 494.23 495.80 491.37 489.20 509.58 0.00 0.00 0.00 0.00 0.00 0.00 42.00
1 NET WORTH 534.61 554.95 565.69 574.70 591.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00
a Unsecured loans from Banks/FI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unsecured loans from promoters, relatives etc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Term Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c Other Term. Liabilities. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 LONG TERM LIABILITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Sundry Creditors 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Bank Borrowings 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c Term Loan Repayable withein one year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d Other Short term borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e Advances from Customers 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
f Provision for Tax & Statutory Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
g Other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 TOTAL CURRENT LIABILITIES 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A TOTAL LIABILITIES 534.61 554.95 885.69 894.70 911.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00

ASSETS
a Gross Fixed Assets 11.12 11.12 11.12 11.12 11.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 NET BLOCK 11.12 11.12 11.12 11.12 11.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 TOTAL INTANGIBLE ASSETS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Investment in Subsidiaries & Associate
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Concerns
b Receivables More than 6 months 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c Advance to Capital goods 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d Other non current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 TOTAL NON-CURRENT ASSETS. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Cash and Bank 92.43 82.83 266.19 236.36 183.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Raw Material 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c Work in progress. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d Finished Goods 211.34 201.00 288.38 317.22 356.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- Domestic 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- Export 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
f Other Current Assets 219.72 260.00 320.00 330.00 360.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 TOTAL CURRENT ASSETS 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B TOTAL ASSETS 534.61 554.95 885.69 894.70 911.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Page 14 of 32
 KFI

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Key Financial Indicators
1 Gross Sales 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Net Sales 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Other Operating Income 3.87 5.60 5.68 5.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Total Operating Income (TOI) 5760.43 6361.08 6996.71 7696.02 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Cash Accruals 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 Profit Before Tax (PBT) 73.45 87.05 103.22 121.45 142.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 Net profit after tax (PAT) 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 EBITDA 66.54 79.96 129.77 159.05 179.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 PAT/Net Sales (in %) 1.25% 1.35% 1.45% 1.55% 1.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
11 Total Debt/EBITDA 0.00 0.00 2.34 1.92 1.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Return on Capital Employed (in %) 13.74% 15.69% 15.46% 18.60% 20.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
13 Current Ratio (Considering TL inst.) 0.00 0.00 2.73 2.76 2.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14 Current Ratio (without considering TL inst.) 0.00 0.00 2.73 2.76 2.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
15 Debt Equity Ratio (TOL/TNW) 0.00 0.00 0.57 0.56 0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16 % of Cont. liab. to ATNW 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17 Interest Coverage Ratio {EBITDA/Interest} 7346.00 8705.90 4.06 3.70 4.16 100.00 100.00 100.00 100.00 100.00 100.00 100.00
18 Interest Coverage Ratio {EBIT/Interest} 7346.00 8705.90 4.06 3.70 4.16 100.00 100.00 100.00 100.00 100.00 100.00 100.00
19 Debtors (days) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
20 Creditors level (days) 0.00 0.00 0.00 0.00 0.00 -- -- -- -- -- -- --
21 Debt Service Coverage Ratio (DSCR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
22 Asset Cover Ratio 100.00 100.00 2.77 2.80 2.85 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Page 15 of 32
 Profitability Analysis.

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Profitability Analysis
1 Gross Sales_PA 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Other Operating Revenue 3.87 5.60 5.68 5.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Total Gross Sales_PA 5760.43 6361.08 6996.71 7696.02 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Less Excise 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Net Sales_PA 5760.43 6361.08 6996.71 7696.02 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Expenses
6 Consumption of RM 5362.47 5678.86 6311.41 6867.25 7566.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 Stores & spares 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 Power and fuel 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 Factory labour 162.02 179.84 199.27 220.79 244.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 Repairs & Maintenance 238.69 264.95 293.56 325.26 352.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Depreciation_PA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Operating expenses (Total) 5763.18 6123.65 6804.24 7413.30 8163.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13 Adjustment for stock in process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14 Cost of Production_PA 5763.18 6123.65 6804.24 7413.30 8163.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
15 Adjustment for Closing Stocks -211.34 10.34 -87.38 -28.84 -39.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16 Cost of Sales_PA 5551.84 6133.99 6716.86 7384.46 8124.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17 Selling and General expenses 142.05 147.13 150.08 152.51 155.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00
18 Total expenses before interest 5693.89 6281.12 6866.94 7536.97 8279.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00
19 Profit Before Interest & Tax 66.54 79.96 129.77 159.05 179.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00
20 Interest_PA 0.01 0.01 33.75 45.00 45.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
21 Profit After Interest 66.53 79.95 96.02 114.05 134.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00
22 Total Miscellaneous Income 6.92 7.10 7.20 7.40 7.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00
23 Profit Before Tax 73.45 87.05 103.22 121.45 142.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
24 Profit After Tax 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Profitability Ratios
25 % of Raw Materials to Sales 93.15% 89.35% 90.28% 89.30% 89.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26 % of Cost of Production to Sales 100.11% 96.35% 97.33% 96.40% 96.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27 % of Cost of Sales to Sales 100.11% 96.35% 97.33% 96.40% 96.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
28 PBDIT as a % of Sales 1.16% 1.26% 1.85% 2.07% 2.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
29 PBT as a % of Sales 1.16% 1.26% 1.85% 2.07% 2.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30 PAT as a % of Sales 1.25% 1.35% 1.45% 1.55% 1.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Page 16 of 32
 Holding Level.

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Holding Level
A Stock of Raw Material 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Raw Material consumed 5362.47 5678.86 6311.41 6867.25 7566.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Month’s RM Consumption 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

B Stock of WIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Cost of Production 5763.18 6123.65 6804.24 7413.30 8163.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Month’s Cost of Production 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

C Stock of Finished goods 211.34 201.00 288.38 317.22 356.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Cost of Sales Total 5551.84 6133.99 6716.86 7384.46 8124.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Month’s Cost of Sales 0.46 0.39 0.52 0.52 0.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00

D Domestic Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Gross Domestic Sales 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Month’s Domestic Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

E Export Receivables Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Gross Export Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Month’s Export Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

F Total Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Gross Sales Total 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Month’s Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

G Other Current Assets (OCA) 219.72 260.00 320.00 330.00 360.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
H Total Current Assets (TCA) 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
I OCA as % of TCA 41.97% 47.81% 36.59% 37.35% 39.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

I Creditors Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Raw Material Purchased 5362.47 5678.86 6311.41 6867.25 7566.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Months’ Purchases 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

J Bank Borrowings Total 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1 Total Gross Sales 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Bank Borrowing as % of Gross Sales 0.00% 0.00% 4.58% 4.16% 3.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

K Other Current Liabilities [OCL] 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
L Total Current Liabilities [TCL] 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Page 17 of 32
 Holding Level.

YEAR (YYYY) 2023 2024 2025 2026 2027

M OCL as % of TCL 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

N Gross Operating Cycle 0.46 0.39 0.52 0.52 0.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00

O Net Operating Cycle 0.46 0.39 0.52 0.52 0.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00

P MPBF Calculation
1 Net Sales Total 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Total Current Assets 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Export receivables & domestic receivables
3 arising out
Other of bills Liabilities
Current under letters of credit Bank
[Excluding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Borrowings] 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Working Capital Gap 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Min. NWC 25% of Current Assets [Excluding
export receivables & domestic receivables
6 arising out of bills under letters of credit] 130.87 135.96 218.64 220.90 225.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 Actual/Estimated/Projected NWC Level 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 3–4 392.62 407.87 655.93 662.69 675.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 3–5 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 MPBF (lower of 6 or 7) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Actual / projected Bank Borrowing 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Excess borrowing, if any 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13 Limit proposed in the consortium
14 Our share

Page 18 of 32
 Tangible Net Worth

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Tangible Net worth (TNW)
1 Paid up share capital 40.38 59.15 74.32 85.50 82.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Share premium reserve 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 General Reserves 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42.00
4 Profit & Loss A/c. 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Other reserves (Specify) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A Subtotal (A) 112.62 144.95 175.69 204.70 221.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00
Less
1 Preliminary expenses to the extent of not 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 written
Goodwillof 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Other intangible assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B Subtotal (B) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
C Tangible Net worth (A-B) 112.62 144.95 175.69 204.70 221.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00

Page 19 of 32
 Net Working Capital

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Net Working Capital (NWC)
1 Share Capital 40.38 59.15 74.32 85.50 82.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 General Reserves for NWC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42.00
3 Other Reserves 421.99 410.00 390.00 370.00 370.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 P & L Account 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Debentures 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Term Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 Term Deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 Other Term Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A Long Term Sources (A) 534.61 554.95 565.69 574.70 591.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00
1 Net Fixed Assets 11.12 11.12 11.12 11.12 11.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Other non-current assets* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Advances given to suppliers of Capital goods 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Intangible assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B Long Term Uses (B) 11.12 11.12 11.12 11.12 11.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
C Net Working Capital (A – B) 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 42.00
D % to TCA 100.00% 100.00% 63.41% 63.78% 64.48% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
*Details of NCA to be given

Page 20 of 32
 Debt Service Coverage Ratio

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Debt Service Coverage Ratio
A Normal Scenario
1 Net Profit After Tax (Normal) 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Depreciation (Normal) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Interest for Existing & Proposed Loan (Normal) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Subtotal (1+2+3) 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Instalments for Existing & Proposed Loan
5 Interest -- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(Normal) for Existing and Proposed Loan
6 (Normal) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 Subtotal (4+5) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 DSCR (4/ 7) (Normal) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 Average DSCR (Normal) 100.00

DSCR If Projected Sales Price reduces by 10.00%

B (Stress 1)
1 Profit Before Tax (Stress 1) -502.21 -548.50 -595.88 -647.57 -703.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Less - Revised Tax (Stress 1) -8.27 -7.88 -10.68 -12.00 -12.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Net Profit After Tax (Stress 1) -493.93 -540.62 -585.20 -635.57 -691.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Depreciation
Interest (Stress and
for Existing 1) Proposed Loan (Stress 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 1) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Subtotal
Instalments(3+4+5) (Stress&1) Proposed Loan
for Existing -493.93 -540.62 -585.20 -635.57 -691.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 (Stress 1) -- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 Interest for Existing & Proposed Loan (Stress 1) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 Subtotal (7+8) (Stress 1) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 DSCR (6/ 9) (Stress 1) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Average DSCR (Stress 1) 0.00

DSCR If Projected Raw Material Cost 10.00%

C increases by (Stress 2)
1 Profit Before Tax (Stress 2) -462.80 -480.84 -527.92 -565.28 -614.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Less - Revised Tax (Stress 2) -7.62 -6.90 -9.46 -10.47 -10.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Net Profit After Tax (Stress 2) -455.17 -473.93 -518.46 -554.81 -603.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Depreciation (Stress 2) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Interest for Existing & Proposed Loan (Stress 2) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Subtotal
Instalments(3+4+5) (Stress&2) Proposed Loan
for Existing -455.17 -473.93 -518.46 -554.81 -603.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 (Stress 2)
Interest for Existing and Proposed Loan (Stress -- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 2) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 Subtotal (7+8) (Stress 2) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 DSCR (6/ 9) (Stress 2) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Average DSCR (Stress 2) 0.00

Page 21 of 32
 Debt Service Coverage Ratio

YEAR (YYYY) 2023 2024 2025 2026 2027

DSCR if Projected Rate of Interest 10.00%

D increases by (Stress 3)
1 Profit Before Tax (Stress 3) 73.45 87.05 103.22 121.45 142.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Less - Revised Tax (Stress 3) 1.21 1.25 1.85 2.25 2.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Net Profit After Tax (Stress 3) 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Depreciation (Stress 3) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Interest for Existing & Proposed Loan (Stress 3) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Subtotal
Instalments(3+4+5) (Stress&3) Proposed Loan
for Existing 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 (Stress 3)
Interest for Existing and Proposed Loan (Stress -- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 3) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 Subtotal (7+8) (Stress 3) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 DSCR (6/ 9) (Stress 3) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Average DSCR (Stress 3) 0.00

Page 22 of 32
 FACR

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Fixed Asset Coverage Ratio
1 Net Block of fixed asset (I) 11.12 11.12 11.12 11.12 11.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Term Loan secured by charge on fixed assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(II)
FACR (I / II) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Page 23 of 32
 Nayak Committee (To Method).

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Nayak Committee (To Method)
1 Projected Net Sales 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital requirement(25% of Projected
2 Sales) 1439.14 1588.87 1747.76 1922.53 2114.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Margin(5% of Projected Sales) 287.83 317.77 349.55 384.51 422.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Actual/Projected NWC 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 (2-3) 1151.31 1271.10 1398.21 1538.03 1691.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 (2-4) 915.65 1045.04 1193.19 1358.95 1533.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 MPBF (lower of 5 or 6) 915.65 1045.04 1193.19 1358.95 1533.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Page 24 of 32
 Cash Flow Statement

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone
YEAR (YYYY) 2024 2025 2026 2027
YEAR_TYPE Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12
CURRENCY INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs

2 3 4 5 6 7 8 9 10 11 12 13
Sr. No Particulars 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Cash Flow Statement
Cash flow from Operating Activities
1 Profit After Tax (PAT) 12.35 14.32 15.98 18.13 -142.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Less: All Appropriations 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Add: Tax Provisions 1.25 1.85 2.25 2.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Add: Adjustment for accumulated P & L A/c 1.21 1.25 1.85 2.25 2.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Subtotal (1+2+3+4) 14.81 17.42 20.08 22.88 -139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adjustment for:
5 Add: Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Add: Interest Costs 0.01 33.75 45.00 45.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 Add: Dividends Proposed 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 Less: Net Non-Operating
Adjustment Income in Working
for Change -7.10 -7.20 -7.40 -7.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital:
9 Sundry Debtors 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 Inventories_CF 10.34 -87.38 -28.84 -39.65 356.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Other Receivables, Loans & Advances -40.28 -60.00 -10.00 -30.00 360.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Sundry Creditors 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13 Other Liabilities
Operating cashand Provisions
flows before Taxes (Sum 1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A to 13) -22.22 -103.41 18.84 -9.37 577.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14 Less: Taxes Paid -1.25 -1.85 -2.25 -2.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Generated from Operating Activities
E after Tax -23.47 -105.26 16.59 -11.87 577.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cash Flow from Investing Activities:

15 Gross Block (incl Capital WIP) 0.00 0.00 0.00 0.00 11.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16 Investments_CF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17 Other LT Loans & Advances 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
18 Net Non-Operating Income 7.10 7.20 7.40 7.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Generated from Investing Activities
F (Sum 15 to 18) 7.10 7.20 7.40 7.60 11.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cash Flow from Financing Activities:

19 Shareholders Funds 6.78 -4.83 -8.82 -3.14 -452.36 0.00 0.00 0.00 0.00 0.00 42.00 -42.00
20 Short Term Bank Borrowings 0.00 320.00 0.00 0.00 -320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
21 Short Term Other Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
22 Long Term Other Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
23 Term Loans (Banks & FI) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
24 Dividends Paid (incl tax thereon) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
25 Interest & Finance Costs Paid -0.01 -33.75 -45.00 -45.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Page 25 of 32
 Cash Flow Statement

YEAR (YYYY) 2024 2025 2026 2027

26 Other cash flows 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Generated from Financing Activities
G (Sum 19 to 26) 6.77 281.42 -53.82 -48.14 -772.36 0.00 0.00 0.00 0.00 0.00 42.00 -42.00

H Net Cash Generated (E+F+G) -9.60 183.36 -29.83 -52.41 -183.95 0.00 0.00 0.00 0.00 0.00 42.00 -42.00
27 Opening Cash & Bank Balance 92.43 82.83 266.19 236.36 183.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00
28 Closing Cash & Bank Balance (H+27) 82.83 266.19 236.36 183.95 0.00 0.00 0.00 0.00 0.00 0.00 42.00 -42.00
29 Closing Cash & Bank Balance as per BS 82.83 266.19 236.36 183.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Difference in Cash & Bank Balance (As per
30 Cash Flow and Balance Sheet) (29-28) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -42.00 42.00
Calculation of Certain Specific Cash
Outflows

TAXES PAID
31 Opening Provision for Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
32 Opening Deferred Tax Liability 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
33 Less: Opening Advance Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
I Net Provision for Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
34 Add: Tax 1.25 1.85 2.25 2.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
35 Less: Closing Provision for Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
36 Less: Closing Deferred Tax Liability 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
37 Add: ClosingPaid
Taxes Advanceduring
Taxes Paid the year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
J (I+34+35+36+37) 1.25 1.85 2.25 2.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

DIVIDEND PAID
38 Opening Provision for Dividend 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
39 Add: Current Year Appro. for Dividends 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
40 Less: Closing Provision for Dividend 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
K Dividend Paid (38+39+40) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Page 26 of 32
 Fund Flow Statement

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone
YEAR (YYYY) 2024 2025 2026 2027
YEAR_TYPE Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12
CURRENCY INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs

2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Funds Flow Statement
1 Change in Long Term Source 20.34 10.74 9.01 17.24 -591.94 0.00 0.00 0.00 0.00 0.00 42.00
2 Change in Long Term Uses 0.00 0.00 0.00 0.00 -11.12 0.00 0.00 0.00 0.00 0.00 0.00
A Net Cash Flow from Long Term (1-2) 20.34 10.74 9.01 17.24 -580.82 0.00 0.00 0.00 0.00 0.00 42.00

3 Change in Short Term Sources 0.00 320.00 0.00 0.00 -320.00 0.00 0.00 0.00 0.00 0.00 0.00
4 Change in Short Term Uses 20.34 330.74 9.01 17.24 -900.82 0.00 0.00 0.00 0.00 0.00 0.00
B Net Cash Flow from Short Term (3-4) -20.34 -10.74 -9.01 -17.24 580.82 0.00 0.00 0.00 0.00 0.00 0.00

Page 27 of 32
 Working Capital

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Working Capital Requirements
1 Total Current Assets 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Raw
Raw Material - Imported/
Material - Months Consumption
Indigenous/ Months 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Consumption 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c Other consumable spares - Imported 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d Other consumable spares - Indigenous 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e Stock in Process: Months Cost of Production 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
f Domestic
Finished Goods: Months Receivable
Receivables/ Cost of SalesOther than 211.34 201.00 288.38 317.22 356.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Export (Including BP & BD by Banks Months
g Export Sales) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Export Receivables (Including BP & BD by
h Banks Months Export Sales) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Receivables (Including BP & BD by
i Banks Months Export Sales) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Advances to suppliers of Raw Materials &
j Stores/ Spares/ Consumables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
k Other
Cash &Current
Cash Equivalent
Assets (Including Cash & Bank 92.43 82.83 266.19 236.36 183.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Balances and Deferred Receivables within 1
l Year) 219.72 260.00 320.00 330.00 360.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current Liabilities (Other than Bank
2 Borrowing for working capital) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Sundry Creditors (Trade & Exp) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Advances from Customers 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c Term Loan Installment- Due in 1 year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d Other Current Liabilities & Provisions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e Statutory Liabilities (Due in 1 year) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
f Other Short Term Borrowing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
II. - TOTAL/other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Working Capital GAP (I - II) 523.49 543.83 874.57 883.58 900.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Actual/ Projected Bank Borrowing Inclusing LC
4 Creditors and Buyers Credit 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 Total Current Liabilities (II+IV) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Actual/ Projected Net Working Capital (Total
6 CA-Total CL)
Minimum Stipulated NWC as per Method 1 {25 523.49 543.83 554.57 563.58 580.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
% of (Working Capital Gap less export
7 receivable)} 130.87 135.96 218.64 220.90 225.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Minimum Stipulated NWC as per Method 2 {25
8 % of (Current Assets less export receivable)} 130.87 135.96 218.64 220.90 225.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00

9 MPBF 3-7 (Method 1) 392.62 407.87 655.93 662.69 675.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 MPBF 3-6 (Method 1) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Page 28 of 32
 Working Capital

YEAR (YYYY) 2023 2024 2025 2026 2027

MAXIMUM PERMISSIBLE BANK FINANCE as
per Method 1 (Item VIII or IX Whichever is 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11
Lower)

12 MPBF 3-8 (Method 2) 392.62 407.87 655.93 662.69 675.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13 MPBF 3-6 (Method 2) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
MAXIMUM PERMISSIBLE BANK FINANCE as
per Method 2 (Item VIII OR IX Whichever 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00
14 0.00 0.00
is Lower)

15 % of other Current asset to total current assets 41.97% 47.81% 36.59% 37.35% 39.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
16 % ofofother
% Current
other assetliab.
current to NettoSales
total current 3.82% 4.09% 4.58% 4.29% 4.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
17 liabilities 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
18 % of other current liab. to cost of sales 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Page 29 of 32
 Break Even Analysis

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Break Even Analysis
Direct Labour & Wages % (Variable) 0.00%
Direct Labour & Wages % (Fixed) 100%
Selling & Administration Exp. % (Variable) 0.00%
Selling & Administration Exp. % (Fixed) 100%
1 Net Sales including operating income 5760.43 6361.08 6996.71 7696.02 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Changes in Inventory (+/-) 211.34 -10.34 87.38 28.84 39.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 Sale Value of Production (1+a) 5971.77 6350.74 7084.09 7724.86 8498.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3 Variable Costs:
a Material, Power, Mfg Exp etc. 5601.16 5943.81 6604.97 7192.51 7919.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Direct Labour & Wages 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c Selling & Administrative Exp 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d Interest on WC 0.01 0.01 33.75 45.00 45.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Variable Costs (a+b+c+d) 5601.17 5943.82 6638.72 7237.51 7964.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00

4 Contribution [2 - 3] 370.60 406.92 445.37 487.35 534.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 PV Ratio [4 ÷ 1] 0.06 0.06 0.06 0.06 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Fixed Costs:
a a) Direct Labour & Wages @ 20% 162.02 179.84 199.27 220.79 244.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b b) Selling & Administrative Exp @ 30% 142.05 147.13 150.08 152.51 155.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c c) Int on TL & others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
d d) Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Fixed Costs 304.07 326.97 349.35 373.30 400.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00

7 Operating Profit 66.53 79.95 96.02 114.05 134.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00

8 Break Even Sales [6 ÷ 5] 4726.32 5111.30 5488.25 5895.04 6331.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9 BE Sales / Net Sales % [8 ÷ 1 x 100%] 82.05% 80.35% 78.44% 76.60% 74.85% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
10 Margin of Safety [1 - 8] 1034.11 1249.78 1508.46 1800.98 2127.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Margin of Safety % [10 ÷ 1 x 100%] 17.95% 19.65% 21.56% 23.40% 25.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Cash Break Even Calculation

12 Cash Fixed Costs 304.07 326.97 349.35 373.30 400.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13 Cash Break
Cash Even/ Sales
BE Sales [12 ÷ %
Net Sales 5] [13 ÷ 1 x 4726.32 5111.30 5488.25 5895.04 6331.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14 100%] 82.05% 80.35% 78.44% 76.60% 74.85% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

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 Break Even Ratios.

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Break Even Ratios
1 Net Cash Accruals / Total Debt. 0.00% 0.00% 31.68% 37.25% 43.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2 Acid Test Ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Asset Turnover Ratio= Net Sales / Total
3 Tangible Assets 10.77 11.45 7.89 8.60 9.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Return on Investment=EBITDA / Total Tangible
4 Assets 13.74% 15.69% 15.46% 18.60% 20.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Fixed Assets Coverage Ratio = Net Fixed
Assets / Long & medium Term Loans (incl. term
5 borrowing maturing within a year) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 (TOL + Cont. Liab.) / TNW 0.00 0.00 0.57 0.56 0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 % of Cont. Liab. to TNW 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
8 % of Outside Investment to TNW 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Break Even Ratios

9 Break Even Net Sales in Value 4726.32 5111.30 5488.25 5895.04 6331.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 Break Even Sales in Quantity 5760.43 6361.08 6996.71 7696.02 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Break Even Sales / Net Sales (%) 82.05% 80.35% 78.44% 76.60% 74.85% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Cash Flow Ratios

12 Cash Flow Interest Coverage
13 Cash Flow DSCR

Additional data -
14 Calculation of Purchases (a+b+c) 5362.47 5678.86 6311.41 6867.25 7566.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a Closing Stock - RM & other Spares 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b Add - Material & Spares Consumed 5362.47 5678.86 6311.41 6867.25 7566.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00
c Less - Opening Stock - RM & Other Spares 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

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 Summary.

BORROWER_NAME SIDDHARTH JAISWAL

ACCOUNTING_TYPE GAAP GAAP GAAP GAAP GAAP
FINANCIAL_TYPE Standalone Standalone Standalone Standalone Standalone
YEAR (YYYY) 2023 2024 2025 2026 2027
YEAR_TYPE Audited Provisional Projected Projected Projected
STATEMENT_DATE 31-Mar 31-Mar 31-Mar 31-Mar 31-Mar
NO_OF_MONTHS 12 12 12 12 12
CURRENCY INR INR INR INR INR
DENOMINATION Lakhs Lakhs Lakhs Lakhs Lakhs

1 2 3 4 5 6 7 8 9 10 11 12
Sr. No Particulars 31-03-2023 31-03-2024 31-03-2025 31-03-2026 31-03-2027
Summary
1 Net Revenue / Sales 5756.56 6355.48 6991.03 7690.13 8459.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2 NPAT 72.24 85.80 101.37 119.20 139.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 TNW 534.61 554.95 565.69 574.70 591.94 0.00 0.00 0.00 0.00 0.00 0.00 42.00
4 Operating Cash Profit 66.54 79.96 129.77 159.05 179.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5 EBITDA_Summary 73.46 87.06 136.97 166.45 187.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6 Debt (O/S) 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
a - Long Term 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
b - Short Term 0.00 0.00 320.00 320.00 320.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7 Total Debt/ EBITDA 0.00 0.00 2.34 1.92 1.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 Interest Coverage Ratio {EBITDA/Interest} 7346.00 8705.90 4.06 3.70 4.16 100.00 100.00 100.00 100.00 100.00 100.00 100.00
9 Leverage (TOL/ATNW) 0.00 0.00 0.57 0.56 0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10 Current Ratio_Summary 0.00 0.00 2.73 2.76 2.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11 Contingent Liabilities & Commitments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12 Capital Commitments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13 Unhedged Forex Exposure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

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