30 Credit Management Analysis

Bank T&ME - 1

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - IPARTICULARS OF EXISTING / PROPOSED LIMITS FROM THE BANKING SYSTEM

(Limits from all Banks and Financial Institutions as on date of application)Name: ( Rs.in lakhs )

Sl. No.NAME OF BANK / FINANCIALNATURE OF FACILITY EXISTING EXTENT TO WHICH LIMITS BAL.O/S LIMITS NOWINSTITUTION LIMITS WERE UTILISED DURING AS ON REQUESTED

LAST 12 MONTHS 31st March, 2008 2008-09MAX. MIN.

A. WORKING CAPITAL LIMITS:

FUND BASED CASH CREDIT - - - - -

NON FUND BASED Letter of Credit - - - - -

B. TERM LOANS/DPGS Term Loan - - - - - EXCLUDING WORKING CAPITAL TERM LOANS

TOTAL - - - - - CREDIT MONITORING ARRANGEMENT WORKING CAPITAL ASSESSMENT

INFORMATION ON ASSOCIATE COMPANIES (COMPANIES /FIRMS/CONCERNS IN WHICH DIRECTORS/PARTNERS/PROPRIETOR AND/OR THEIR FAMILY MEMBER OF THE

BORROWER COMPANY IS/ARE ASSOCIATED WITH THE OTHER UNIT AS DIRECTORS/PARTNERS/PROPRIETOR OR

HAS/HAVE FURNISHED GUARANTEES).

Name: ( Rs.in Lakhs )

Sl. No. Name of the Associate Annual makeup of A/c Limits from all Banks and fincial institutionsCompany & Activity (Date of B/S)

Name of Working Capital Term loan Overdues,ifBank/finan Funds Non-fund & anycial Instn. Based Based DPG

1

2

3

- - - -


FORM II : OPERATING STATEMENT

Name: (Amount Rs. In Lakhs)Page 1

As per Profit & Loss account actuals/ estimates for the year ended/ending

LAST 2 YEARS ACTUALS AS PER ESTIMATES ESTIMATES ESTIMATES ESTIMATES

AUDITED ACCOUNTS31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012

(1) (2) (3) (4) (5) (6)

Raw Material Consumption quantity 0.000 0.000 0.000 0.000 0.000 0.000 Sales quantity \

0.000 0.000 0.000 0.000 0.000 0.000 Rejects and Scraps 0.000 0.000 0.000 0.000 0.000 0.000

Total 0.000 0.000 0.000 0.000 0.000 0.000 1) GROSS INCOME: I) Sales (net of returns)

a) Domestic Sales - - - - - - b) Export Sales - - - - - - c) Sub-total (a+b) - - - - - - Less: Excise Duty - - - - - - Net Sales - - - - - - d) Percentage rise (+) or fall (-) in sales turnover as compared to previous year 0.00% 0.00% - #DIV/0! #DIV/0! #DIV/0!

II) Other Income a) Steel Processing Labour Charges - - - - - - b) Miscellaneous Income - - - - - - III) Total (I) + (II) - - - - - - 2. COST OF SALES:

0.00% 0.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! I) Raw Materials( Including Stores and other items used in the process of Manufacture ) - Imported - - - - - - - Indegeneous - - - - - - II) Power and Fuel - - - - - - III) Direct Labour ( Wages,Salaries, Bonus, Staff Welfare et - - - - - - IV) Other Manufacturing expenses - - - - - - V) Depreciation - - - - - - Sub-total (I to V) - - - - - -

Contd...2







(1) (2) (3) (4) (5) (6)

IV) Add : Opening stock of W.I.P. - - - - - - V) Sub-total (III+IV) - - - - - - VI) Less : Closing Stock W.I.P. - - - - - - VII) Sub-total (V-VI)( Total Cost of Production ) - - - - - - VIII) Add : Opening stock of Finished Goods - - - - - - IX) Sub-total (VII+VIII) - - - - - - X) Less : Closing Stock of Finished Goods - - - - - - XI) Sub-total ( Total cost of Sales ) - - - - - -

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!3. SELLING, GENERAL & ADMINISTRATIVE EXPENSES - - - - - -

4. OPERATING PROFIT BEFORE INTEREST[1(III) - 2(XI) - 3] - - - - - - #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

5. INTEREST AND FINANCIAL CHARGES - Interest on Working Capital - - - - - - - Interest on Term Loan - - - - - -

7. OPERATING PROFIT AFTER INTEREST [4 - 5 - 6] - - - - - -

8. I) Add: Other non-operating Income (a) Interest received - - - - - - (b) Prior period income - - - - - - (c) Others - - - - - - (d) sub-total (INCOME) - - - - - - II) Less: Other non-operating expenses (a) Others - - - - - - (b) - - - - - - (c) Sub-total (EXPENSES) - - - - - - III) Net of other non-operating Income / Expenses [Net of 8 (I) & 8 ( - - - - - -

9. PROFIT BEFORE TAX / (LOSS) [7 + 8(III)] - - - - - -

10. PROVISION FOR TAXES - - - - - -

11. NET PROFIT/LOSS (9-10) - - - - - - PBT to Sales % 0.00% 0.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Contd...3

D29

sathyanarayana: Int at 13% on 300 lacs for 6m - See loan statement

D30

sathyanarayana: Int at 13.50% on 650lacs for 6m - See loan statement







(1) (2) (3) (4) (5) (6)

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

13. RETAINED PROFIT (11-12) - - - - - -

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

15. ADDITIONAL DATA: Break-up of Sales Turnover [ Inclusive of other income]

(a) Domestic Sales: 1st Quarter - - - - - - 2nd Quarter - - - - - - 3rd Quarter - - - - - - 4th Quarter - - - - - - Sub-total - - - - - - (b) Export Sales: - - - - - - Sub-total - - - - - - 16. TOTAL (a+b) [To agree with 1 (III)] - - - - - -

Contd...4

E26

GEETHA: 16.75%

F26

GEETHA: 25.20%

G26

GEETHA: 20.75%

E27

GEETHA: 18.75%

F27

GEETHA: 26%

G27

GEETHA: 22.5%

E28

GEETHA: 30%

F28

GEETHA: 23%

G28

GEETHA: 27.25%

E29

GEETHA: 34.5%

F29

GEETHA: 25.8%

G29

GEETHA: 29.50


FORM - III : ANALYSIS OF BALANCE SHEET




AUDITED ACCOUNTS 31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012

(1) (2) (3) (4) (5) (6)CURRENT LIABILITIES

1. Short term borrowings from Banks (incldg. bills purchased, discounted & excess borrowings placed on repayment basis) (a) from applicant Bank - - - - - - (b) from other banks - - - - - - (c) (of which BP & BD) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) Sub-total (A) - - - - - - 2. Short term borrowings from others - - - - - - 3. Sundry Creditors (Trade) - - - - - - 4. Advance payments from customers / deposits from dealers - - - - - - 5. Provision for taxation - - - - - - 6. Dividend payable - - - - - - 7. Other statutory liabilities [due with in one year] - - - - - - 8. Deposits/Debentures/Instalments under term loans / DPGs etc.] - - - - - - ( due with in one year )9. Other current liabilities and Provisions - - - - - - (due with in one year) (Specify major Items) Sub-total (B) - - - - - - 10. TOTAL CURRENT LIABILITIES [ Total of 1 to 9] - - - - - -

Contd...5







(1) (2) (3) (4) (5) (6)TERM LIABILITIES

11. Debentures ( not maturing with in one year ) - - - - - - 12. Preference Shares ( redeemable after one year ) - - - - - - 13. Term loans (excluding instalments payable within one year) Term Loan I - - - - - - Term Loan II - - - - - - Term Loan III - - - - - - 14. Deferred Payment Credits ( excluding instalments due with in one year ) - - - - - - 15. Term deposits ( repayable after one year ) - - - - - - 16. Other term liabilities - Unsecured Loans - - - - - - 17. TOTAL TERM LIABILITIES - - - - - - (Total of 11 to 16)18. TOTAL OUTSIDE LIABILITIES ( 10 + 17 ) - - - - - -

NET WORTH19. Share capital - - - - - - 20. General reserve - - - - - - 21. Revaluation Reserve - - - - - - 22. Other reserves ( excluding provisions ) - Share Application Mone - - - - - - 23. Surplus (+) or deficit (-) in Profit & Loss account - - - - - - 24. NET WORTH - - - - - - 25. TOTAL LIABILITIES ( 18 + 24 ) - - - - - -

Contd...6







(1) (2) (3) (4) (5) (6)CURRENT ASSETS

26. Cash and bank balances - - - - - - 27. Investments (other than long term Investments) (I) Government & other trustee securities - - - - - - (II) Fixed deposits with Banks - - - - - - 28. (I) Receivables other than deferred & exports (Including bills purchased & discounted by bankers) - - - - - - (II) Export receivables (Including bills - - - - - - purchased/discounted by bankers29. Instalments under deferred receivables - - - - - - (due within one year)30. Raw Materials( including stores & other items) - Imported - - - - - - - Indigeneous - - - - - - Stocks in Process - - - - - - Finished goods - - - - - - Goods in Transit - - - - - - Other consumable spares - - - - - - 31. Advances to suppliers of merchandise - - - - - - 32. Advance payment of taxes - - - - - - 33. Other current assets - - - - - - (specify major Items)34. TOTAL CURRENT ASSETS (Total of 26 to 33) - - - - - -

Contd...7







(1) (2) (3) (4) (5) (6)FIXED ASSETS

35. Gross Block (land, building, machinery, furniture, fittings & vehicle - - - - - - 36. Depreciation to date - - - - - - 37. NET BLOCK (35-36) - - - - - -

OTHER NON-CURRENT ASSETS38. Investments/book debt/advances / deposits which are not Current Assets (I)(a) Investments in subsidiary companies / affiliates - - - - - - (b) Others - - - - - - (II) Advances to suppliers of capital goods and contractors - - - - - - (III) Deferred receivables (maturity exceeding one year) - - - - - - (IV) Security deposits/tender deposits - - - - - (V) Others - - - - - - 39. Obsolete Stocks - - - - - - 40. Other non-current assets - - - - - - (Incldg. dues from directors)41. TOTAL OTHER NON-CURRENT ASSETS - - - - - - (Total of 38 to 40)42. Intangible assets (patents,goodwill,preliminary expenses,bad/doubtful debts not provided for etc) - - - - - - 43. TOTAL ASSETS ( Total of 34,37,41 & 42 ) - - - - - - 44. TANGIBLE NET WORTH (24-42) - - - - - - 45. NET WORKING CAPITAL [(17+24)-(37+41+42)] - - - - - - To tally with (34-10) - - - - - - 46. CURRENT RATIO (34/10) - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!47. TOTAL OUTSIDE LIABILITIES/TANGIBLE NET WORTH (18/44) - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

- - - - - - ADDITIONAL INFORMATION - - - - - -

48.(A) Arrears of depreciation - - - - - - (B) Contingent Liabilities : - - - - - - (a) Arrears of cumulative dividends - - - - - - (b) Gratuity liability not provided for - - - - - - (c) Disputed excise/customs tax liabilities - - - - - - (d) Bills accepted/guarnatees extended to accommodate - - - - - - associate / sister concerns or other third parties

Contd...8


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





A. CURRENT ASSETS 1. Raw Materials ( Including Stores and Spares) Imported - - - - - - ( Months' consumption ) Indigeneous [Including Goods in Transit] - - - - - - ( Months' consumption) - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!2. Stocks in Process - - - - - - ( Months' cost of Production ) - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!3. Finished Goods - - - - - - ( Months' cost of sales ) - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!4. Other consumable spares - - - - - - ( Months' consumption) - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!5. Receivables other than export & deferred receivables (incldg.bills purchased & discounted by bankers) - - - - - - (Months' domestic sales) - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!6. Export receivables (incl.bills purch.& disc.) - - - - - - 7. Advances to suppliers of merchandise - - - - - - 8. Other current assets incl.cash & bank balances & deferred receivables due within one year (specify major items) - - - - - - 9. TOTAL CURRENT ASSETS (To agree with item 34 in Form - III) - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

- - #DIV/0! #DIV/0! #DIV/0! #DIV/0!B. CURRENT LIABILITIES (Other than bank borrowings for working capital)

10. Sundry Creditors ( Trade ) - - - - - - (Months' purchases) - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!11. Advances from customers/deposits from dealers - - - - - - 12. Statutory liabilities [Including Provision for Taxation] - - - - - - 13. Other current liabilities (specify major items) Short Term borrowings, unsecured loans, dividend payable, instalments of TL, DPG,public deposits, debentures etc.) - - - - - - 14. TOTAL ( To agree with sub total B Form - III ) - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Contd...9 - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!


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


As per Balance Sheet as at 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012

LAST CURRENT FOLLOWING FOLLOWING FOLLOWING YEAR YEAR YEAR YEAR YEAR

ACTUALS ESTIMATES ESTIMATES ESTIMATES ESTIMATES (1) (2) (3) (4) (5)

METHOD OF LENDING: I

1. TOTAL CURRENT ASSETS (9 in Form -IV) - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

2. Other Current Liabilities (Other than bank borrowing) - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

(14 of Form - IV)

3. Working capital gap (WCG) (1-2) - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

4. Minimum Stipulated Net Working Capital - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

i.e.25% of WCG

5. Actual/projected net working capital - - - - -

(45 in Form III)

6. Item 3 minus Item 4 - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

7. Item 3 minus Item 5 - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

8. Maximum permissible bank finance [MPBF] - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

(Item 6 or 7 whichever is lower)

9. Excess borrowings representing shortfall in

NWC (4-5) - #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Contd…10


FORM VI : FUNDS FLOW STATEMENT


As per Balance Sheet as at 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012

LAST CURRENT FOLLOWING FOLLOWING FOLLOWING YEAR YEAR YEAR YEAR YEAR

ACTUALS ESTIMATES ESTIMATES ESTIMATES ESTIMATES (1) (2) (3) (4) (5)

1. SOURCES a) Net Profit (after tax) - - - - - b) Depreciation - - - - - c) Miscellaneous Expenditure Written off - - - - - d) Increase in capital - - - - - e) Increase in Term Liabilities (Including public deposits) - - - - - f) Decrease In: I) Fixed Assets - - - - - II) Other non-current assets - - - - - g) Others - - - - - g) TOTAL - - - - - 2. USES a) Net loss - - - - - b) Decrease in Term Liabilities (Including public deposits) - - - - - c) Increase In : I) Fixed Assets - - - - - II) Other non-current assets - - - - - d) Dividend payments - - - - - e) Others - - - - - f) TOTAL - - - - - 3. Long Term Surplus (+) / Deficit (-) [1 - 2] - - - - - 4. Increase/decrease in current assets (as per details given below) - - - - - 5. Increase/decrease in current liabilities other than bank borrowings - - - - - 6. Increase/decrease in Working Capital Gap - - - - - 7. Net surplus (+)/deficit (-) [Difference of 3 and 6] - - - - - 8. Increase/decrease in Bank borrowings - - - - - INCREASE/DECREASE IN NET SALES - - - - - Break-up of (4) i) Increase/Decrease in stock-in-trade - - - - - ii) Increase/Decrease in Receivables a) Domestic - - - - - b) Export - - - - - iii) Increase/Decrease in other current assets - - - - - NOTE : Increase/decrease under items 4 to 8 as also under break-up of (4) should be indicated by (+) / (-) - - - - -


RATIO ANALYSIS

#REF!Page 11



AUDITED ACCOUNTSUsual 31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 31.03.2012Norm (1) (2) (3) (4) (5) (6)

EFFICIENCY RATIOS:Net Sales / Total Tangible Assets (Times) >1.50 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!PBT / TTA (%) >5.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Operating Cost / Net Sales (%) <75.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Bank Finance / Current Assets (%) <50.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Inventory+Receivables / Net Sales (Days) <60 Days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

LIQUIDITY RATIOS:Current Ratio >1.33 - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!Acid Test Ratio >1.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Bank Finance to WCG Ratio <0.75 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

LEVERAGE RATIOS:Debt Equity Ratio <2.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!TOL / TNW <3.00 - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!Debt-Assets Ratio <0.60 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Fixed Assets Coverage <0.60 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Interest Coverage Ratio >2.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

TURNOVER RATIOS:Inventory Turnover Period (Days) <30 Days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Average Collection Period (Days) <30 Days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Total Assets Turnover (Times) >1.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Capital Turnover Ratio (Times) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Average Credit Period (Days) - Creditors <30 Days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Bank Finance Turnover (Times) >5.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Current Assets Turnover (Times) >3.00 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

PROFITABILITY RATIOS:Net Profit Margin after tax (%) >5.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Net Income to Assets Ratio (%) >10.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Return on Investment (%) [PBDIT/TTA] >20.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Return on Equity (%) >18.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Operating Profitability (%) >20.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Pre-Tax Profitability (%) >15.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!PBT / TTA (%) >10.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

STRUCTURAL RATIOS:Retained Profit (%) >20.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Raw Material Content (%) <50.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Operating Cost / Sales (%) <75.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Signs:< = Less Than > = More Than

CALCULATION OF TERM LOAN INTEREST AND REPAYMENT SCHEDULERate of Interest on Loan : 18.5

YEAR QUARTER OPENING INTEREST TOTAL LOAN REPAYMENT CLOSING ANNUAL

ENDED BALANCE INTEREST PRINCIPAL BALANCE INTEREST

Rs. Rs. Rs. Rs. Rs. Rs. Rs.

0 1999 December 20 0 20 0 0 20 01 2000 March 20 92.5 112.5 92.5 0 20

June 20 92.5 112.5 92.5 0 20September 20 92.5 112.5 92.5 0 20December 20 92.5 112.5 92.5 1.000 59.000 370

2 2001 March 59 272.875 331.875 272.875 3.000 56June 56 259 315 259 3.000 53September 53 245.125 298.125 245.125 3.000 50December 50 231.25 281.25 231.25 3.000 47 1008.25

3 2002 March 47 217.375 264.375 217.375 3.000 44June 44 203.5 247.5 203.5 3.000 41September 41 189.625 230.625 189.625 3.000 38December 38 175.75 213.75 175.75 3.000 35 786.25


5 2004 March 23 106.375 129.375 106.375 3.000 20June 20 92.5 112.5 92.5 3.000 17September 17 78.625 95.625 78.625 3.000 14December 14 64.75 78.75 64.75 3.000 11 342.25


TOTAL 3191.25 58 3191.25

CALCULATION OF WORKING CAPITAL LOAN INTERESTRate of Interest on Loan : 0.125

YEAR MONTH OPENING INTERESTBALANCE

1999 December 38.924 1.86 1002000 December 135 16.875 1002001 December 135 16.875 1002002 December 78 9.75 1002003 December 78 9.75 1002004 December 78 9.75 1002005 December 78 9.75 100

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30 Credit Management Analysis