ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM - I

PARTICULARS OF EXISTING / PROPOSED LIMITS FROM THE BANKING SYSTEMS

(LIMITS FROM ALL BANKS & FINANCIAL INSTITUTIONS AS ON 20/01/2010 )

NAME : M/S ALSA INDUSTRIES

(RS. IN LACS)
SL. NO. NAME OF THE BANK / FINANCIAL NATURE EXISTING EXTENT TO WHICH BALANCE LIMITS
INSTITUTIONS FACILITY LIMITS UTIL. DURING 12 NOW
MONTHS REQUIRED

MAXIMUM MINIMUM

JAMMU& KASHMIR BANK LTD TERM LOAN 85.00

CASH CREDIT _ _ _ _ 25.00

SL. NO. NAME OF THE BANK / FINANCIAL SANCTIONED OUTSTANDING OVERDUES REMARKS
INSTITUTIONS LIMIT AS ON IF ANY

NOT APPLICABLE
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

FORM II - OPERATING STATEMENTS

(RS. IN LACS)
SL. PARTICULARS PROJECTED PROFIT & LOSS ACCOUNT FOR THE YEAR
ENDING ON MARCH, 31
2011 2012 2013 2014 2015 2016 2017
1 GROSS SALES (NET OF RETURNS)
i) DOMESTIC SALES 270.00 540.00 594.00 648.00 702.00 756.00 810.00
ii) EXPORT SALES 60 120 132 144 156 168 180

TOTAL 330.00 660.00 726.00 792.00 858.00 924.00 990.00

2 LESS : EXCISE DUTY _ _ _ _ _ - -

3 NET SALES (ITEM 1 MINUS ITEM 2) 330.00 660.00 726.00 792.00 858.00 924.00 990.00

4 % RISE OR FALL IN NET SALES _ 10% 10% 10% 10% 10% 10%

5 COST OF SALES :
i) RAW MATERIALS :
a)
b) PURCHASES 268.50 502.50 553.00 603.40 655.00 705.30 755.75

ii) OTHER SPARES :

a) IMPORTED _ _ _ _ _
b) INDIGENOUS _ _ _ _ _

iii) POWER & FUEL 17.00 34.00 37.00 40.00 44.00 47.00 50.00

iv) DIRECT LABOUR CHARGES 42.00 84.00 92.00 101.00 109.00 118.00 126.00

v) REPAIR & MAINTENANCE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

vi) OTHER MANUFACTURING EXPENSES 4.20 8.40 9.24 10.08 10.92 11.76 12.60

vii) DEPRECIATION 8.08 13.94 12.04 10.41 9.00 7.79 6.74

SUB TOTAL (ITEM i TO ITEM vii) 339.78 642.84 703.28 764.89 827.92 889.85 951.09

viii) ADD : OPENING STOCK-IN-PROCESS 0.00 34.50 34.50 38.00 41.40 45.00 48.30

SUB TOTAL 339.78 642.84 703.28 764.89 827.92 889.85 951.09

ix) DEDUCT : CLOSING STOCK-IN-PROCESS(RA 34.50 34.50 38.00 41.40 45.00 48.30 51.75

x) COST OF PRODUCTION 305.28 608.34 665.28 723.49 782.92 841.55 899.34

xi) ADD : OPENING OF FINISHED GOODS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
 (RS. IN LACS)
SL. PARTICULARS PROJECTED PROFIT & LOSS ACCOUNT
FOR THE YEAR ENDING ON MARCH, 31
2011 2012 2013 2014 2015 2016 2017
SUB TOTAL 305.28 608.34 665.28 723.49 782.92 841.55 899.34

xii) DEDUCT : CLOSING STOCK OF FINISHED 0.00 0.00 0.00 0.00 0.00 0.00 0.00
GOODS
SUB TOTAL (TOTAL COST OF SALES) 305.28 608.34 665.28 723.49 782.92 841.55 899.34

6 SELLING, GEN. & ADMN. EXPENSES 12.00 26.00 28.00 30.00 32.00 34.00 36.00

7 SUB TOTAL ( 5 + 6 ) 317.28 634.34 693.28 753.49 814.92 875.55 935.34

8 OPERATING PROFIT 12.72 25.66 32.72 38.51 43.08 48.45 54.66

BEFORE INTEREST ( 3 - 7 )

9 INTEREST TL&CC 12.00 13.00 12.00 10.00 8.30 6.50 4.70

10 OPERATING PROFIT AFTER INTEREST 0.72 12.66 20.72 28.51 34.78 41.95 49.96
(ITEM 8 MINUS ITEM 9)

11 OTHER INCOME / EXPENSES :

I) ADD : INCOME (INTEREST ON F.D.) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
II) DEDUCT : EXPENSES
a) PRELIMINARY EXPENSES W/OFF - - - - - - -
III) NET OF OTHER NON-OPERATING 0.00 0.00 0.00 0.00 0.00 0.00 0.00
INC./EXP. (NET OF 11(I) - 11(II)

12 PROFIT BEFORE TAX / LOSS 0.72 12.66 20.72 28.51 34.78 41.95 49.96
{ITEM 10 MINUS ITEM 11(I) - 11 (II)}

13 PROVISION FOR TAX 0.00 1.64 6.42 8.84 10.78 13.00 15.49

14 NET PROFIT / LOSS [12 - 13] 0.72 11.02 14.30 19.67 24.00 28.95 34.47

15
a) EQUITY DIVIDEND PAID (DRAWINGS) 0.00 6.00 9.00 12.00 12.00 18.00 24.00
b) DIVIDEND RATE _ _ _ _ _

16 RETAINED PROFIT [14 - 15] 0.72 5.02 5.30 7.67 12.00 10.95 10.47

17 RETAINED / NET PROFIT % 100.00 39.65 25.58 26.90 34.50 37.82 30.37

18 MISCELLANEOUS :
I) REPAYMENT OBLIGATION 0.00 15.00 15.00 15.00 15.00 15.00 10.00
II) D.S.C.R. NA 1.71 2.18 2.57 2.87 3.23 5.47
III) NET PROFIT / T.N.W. 0.99% 6.46% 6.38% 8.46% 11.68% 9.63% 8.43%
IV) NET PROFIT / NET SALES 0.22% 1.67% 1.97% 2.48% 2.80% 3.13% 3.48%
 FORM - III

ANALYSIS OF BALANCE SHEET

(RS. IN LACS)
SL. LIABILITIES AS AT MARCH, 31

2011 2012 2013 2014 205 2016 2017

CURRENT LIABILITIES :

1 SHORT TERM BORROWINGS FROM BANKS

(INCL. BILLS PURCHASED & DISCOUNTED
& THE EXCESS BORROWING PLACED ON
EPAYMENT BASIS)
I) FROM APPLICANT BANK 25.00 25.00 25.00 25.00 25.00 25.00 25.00
II) FROM OTHER BANKS _ _ _ _ _ - -
III) [OF WHICH BP & BD] _ _ _ _ _ - -

SUB TOTAL (A) 25.00 25.00 25.00 25.00 25.00 25.00 25.00

2 SHORT TERM BORROWINGS FROM _ _ _ _ _

OTHERS

3 SUNDRY CREDITORS : TRADE 30.00 30.00 33.00 36.00 39.00 42.00 45.00

4 ADVANCES / PROGRESS PAYMENTS _ _ _ _ _ - -

FROM CUSTOMERS - DEPOSITS FROM
DEALERS SELLING AGENTS ETC.

5 PROVISION FOR TAXATION 0.00 0.00 0.00 0.00 0.00 0.00 0.00

6 DIVIDEND PAYABLE _ _ _ _ _ - -

7 OTHER STATUTORY LIABILITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(DUE WITHIN ONE YEAR)

8 DEP. / INS. OF TERM LOAN DEFERRED

PAMENT CREDITS, DEBENTURE /
REDEEMABLE PREFERENCE SHARES
(DUE WITHIN ONE YEAR) [1/3RD] 0.00 15.00 15.00 15.00 15.00 10.00 0.00

9 OTHER CURRENT LIABILITIES AND

PROVISIONS (DUE WITHIN 1 YEAR)
[UNSECURED LOANS REPAYMENT] _ _ _ _ _
a) EXPENSES PAYABLE _ 0.00 0.00 0.00 0.00 0.00 0.00
b) DEFERRED TAX LIABILITY _ _ _ _ _ - -

SUB TOTAL (B) 30.00 45.00 48.00 51.00 54.00 52.00 45.00

10 TOTAL CURRENT LIABILITIES 55.00 70.00 73.00 76.00 79.00 77.00 70.00
(TOTAL OF ITEMS 1 TO 9)

TERM LIABILITIES :
11 DEBENTURES (NOT MATURING WITHIN
ONE YEAR) _ _ _ _ _ - -
12 REDEEMABLE PREFERENCE SHARES
(NOT MATURING WITHIN ONE YEAR BUT
OF MATURITY NOT EXCEEDING TWELVE
YEARS) _ _ _ _ _ -

13 TERM LOANS (EXCLUSIVE OF

INSTALMENTS PAYABLE WITHIN 1 YEAR)
85.00 55.00 40.00 25.00 10.00 0.00 0.00

14 DEFERRED PAYMENT CREDITS

(EXCLUSIVE OF INSTALMENTS PAYABLE
WITHIN ONE YEAR) _ _ _ _ _

15 TERM DEPOSITS (REPAYABLE AFTER ONE

YEAR) _ _ _ _ _

16 OTHER TERM LIABILITIES / UNSECURED

LOANS - - - _ _

17 TOTAL TERM LIABILITIES (TOTAL OF

ITEMS 11 TO 17) - - - _ _

18 TOTAL OUTSIDE LIABILITIES (ITEM 10

PLUS ITEM 17) 140.00 125.00 113.00 101.00 89.00 77.00 70.00

NET WORTH

19 ORDINARY SHARE CAPITAL 72.72 77.74 83.04 90.71 102.71 113.66 124.13
[QUASI CAPITAL (UNSECURED LOANS)] _ _ _ _ _

20 PREFERENCE SHARE CAPITAL

(MATURING AFTER 12 YEARS) _ _ _ _ _

21 GENERAL RESERVES _ _ _ _ _

22 OTHER RESERVES (INCLUDING

PROVISIONS) _ _ _ _ _

23 SURPLUS (+) OR DEFICIT (-) IN PROFIT &

LOSS ACCOUNT _ _ _ _ _

24 NET WORTH (TOTAL OF ITEMS 19 TO 23) 72.72 77.74 83.04 90.71 102.71 113.66 124.13

25 TOTAL LIABILITIES (ITEM 18 + ITEM 24) 212.72 202.74 196.04 191.71 191.71 190.66 194.13
 (RS. IN LACS)
SL. ASSETS AS AT MARCH, 31

2011 2012 2013 2014 2015 2016 2017

CURENT ASSETS :
26 CASH & BANK BALANCES 8.80 12.76 11.10 10.78 13.18 13.12 16.38

27 INVESTMENTS (OTHER THAN LONG TERM

INVESTMENTS)
I) GOVERNMENT & OTHER TRUSTEE
SECURITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00
II) FIXED DEPOSITS WITH BANKS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

28 (I RECEIVABLE OTHER THAN DEFERRED

AND EXPORT RECEIVABLES (INCLUDING
BILLS PURCHASED & DISCOUNTED BY
BANKERS) 32.50 32.50 36.00 39.00 42.00 45.50 49.00
II) EXPORT RECEIVABLES (INCLUDING BILLS
PURCHASED & DISCOUNTED BY
BANKERS) _ _ _ _ _

29 INSTALMENTS OF DEFERRED
RECEIVABLES (DUE WITHIN ONE YEAR) _ _ _ _ _

30 INVENTORY :
I) RAW MATERIALS (INCLUDING STORES &
OTHER ITEMS USED IN THE PROCESS OF
MANUFACTURING) :
a) IMPORTED _ _ _ _ _
b) INDIGENOUS
II) STOCK-IN-PROCESS 34.50 34.50 38.00 41.40 45.00 48.30 51.75
III) FINISHED GOODS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
IV) OTHER CONSUMABLE SPARES _ _ _ _ _
a) IMPORTED _ _ _ _ _
b) INDIGENOUS _ _ _ _ _

31 ADVANCES TO SUPPLIERS OF RAW

MATERIAL & STORES / SPARES
CONSUMABLE _ _ _ - _

32 ADVANCE PAYMENT OF TAXES _ _ _ _ _

33 OTHER CURRENT ASSETS (MAJOR ITEMS

SPECIFIED INDIVIDUALLY) :
a) SECURITY DEPOSIT 0.00 0.00 0.00 0.00 0.00 0.00 0.00

34 TOTAL CURRENT ASSETS (TOTAL OF

ITEMS 26 TO ITEM 33) 75.80 79.76 85.10 91.18 100.18 106.92 117.13

FIXED ASSETS
35 GROSS BLOCK (LAND & BUILDING,
MACHINERY, CONSTRUCTION IN
PROGRESS ETC.) 142.08 142.08 142.08 142.08 142.08 142.08 142.08

36 DEPRECIATION TO DATE 8.08 22.02 34.06 44.47 53.47 61.26 68.00

37 NET BLOCK (ITEM 35 MINUS ITEM 36) 134.00 120.06 108.02 97.61 88.61 80.82 74.08
38 INVESTMENTS / BOOK DEBTS / ADVANCES
/ DEPOSITS WHICH ARE NOT CURRENT
ASSETS
INVESTMENT IN SUBSIDIARY
I) (a) COMPANIES / AFFILIATES _ _ _ _ _
I) (b) OTHERS / INVESTMENT DEPOSITS
II) ADVANCES TO SUPPLIERS OF CAPITAL
GOODS / SPARES & CONTRACTORS FOR
CAPITAL EXPENDITURE _ _ _ _ _
III) DEFERRED RECEIVABLES (OTHER THAN
THOSE MATURING WITHIN 3 YEARS)
_ _ _ _ _
IV) SECURITY DEPOSIT 2.92 2.92 2.92 2.92 2.92 2.92 2.92

39 NON-CONSUMABLE STORES & SPARES _ _ _ _ _

40 OTHER MISC. ASSETS INCLUDING DUES

FROM DIRECTORS _ _ _ _ _

41 TOTAL OTHER NON-CURRENT ASSETS

(TOTAL OF ITEMS 38 TO ITEM 40) 2.92 2.92 2.92 2.92 2.92 2.92 2.92

42 INTANGIBLE ASSETS (PATENTS,

GOODWILL, PRELIMINARY & FORMATION
EXPENSES, BAD/DOUBTFUL DEBTS NOT
PROVIDED FOR ETC.)
0.00 0.00 0.00 0.00 0.00 0.00 0.00

43 TOTAL ASSETS (TOTAL OF ITEMS 34, 37,

41 & 42) 212.72 202.74 196.04 191.71 191.71 190.66 194.13

44 TANGIBLE NET WORTH (ITEM 24 - ITEM42)

72.72 77.74 83.04 90.71 102.71 113.66 124.13

45 NET WORKING CAPITAL (ITEM 34 - ITEM 10) 20.80 9.76 12.10 15.18 21.18 29.92 47.13

46 CURRENT RATIO (ITEM 34 / ITEM 10) 1.38 1.14 1.17 1.20 1.27 1.39 1.67

47 TOTAL OUTSIDE LIABILITIES / TANGIBLE

NET WORTH (ITEM 18 / ITEM 44) 1.93 1.61 1.36 1.11 0.87 0.68 0.56

48 ADDITIONAL INFORMATION
A) ARREARS OF DEPRECIATION _ _ _ _ _
B) CONTINGENT LIABILITIES :
I) ARREARS OF CUM. DIVIDENDS _ _ _ _ _
II) GRATUITY LIABILITY NOT PROVIDED _ _ _ _ _
III) DISPUTED EXCISE / CUSTOMS / TAX
LIABILITIES _ _ _ _ _
IV) OTHER LIABILITIES NOT PROVIDED FOR _ _ _ _ _
 FORM - IV
COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

(RS. IN LACS)
SL. PARTICULARS S PER BALANCE SHEET AS AT MARCH 31,
2011 2012 2013 2014 2015 2016 2017
A. CURRENT ASSETS
1 RAW MATERIALS (INCLUDING STORES &
OTHER ITEMS USED IN THE PROCESS OF
MANUFACTURE
a) IMPORTED (MONTH'S CONSUMPTION) _ _ _ _ _

b) INDIGENOUS (THREE WEEK

CONSUMPTION) 34.50 34.50 38.00 41.40 45.00 48.30 51.75

2 OTHER CONSUMABLE SPARES

(EXCLUDING THOSE INCLUDED ITEM (1)
ABOVE) [% OF TOTAL INVENTORY &
MONTH'S CONSUMPTION]
a) IMPORTED (MONTH'S CONSUMPTION) _ _ _ _ _
b) INDIGENOUS (MONTH'S CONSUMPTION) _ _ _ _ _

3 STOCK-IN-PROCESS (MONTH'S COST OF

PRODUCTION) _ _ _ _ _

4 FINISHED GOODS ( MONTHS) _ _ _ _ _

5 RECEIVABLES OTHER THAN DEFERRED &

EXPORTS 32.50 32.50 36.00 39.00 42.00 45.50 49.00
(INCLUDING BILLS PURCHASED &
DISCOUNTED BY BANKS)
(MONTH'S DOMESTIC SALES : EXCLUDING
DEFERRED PAYMENT SALES)

6 EXPORT RECEIVABLES (INCLUDING BLLS

PURCHASED & DISCOUNTED BY
BANKERS) _ _ _ _ _
(MONTH'S EXPORT SALES)

7 ADVANCES TO SUPPLIERS OF RAW

MATERIALS AND STORES/SPARES
CONSUMABLES _ _ _ 0.00 _

8 OTHER CURRENT ASSETS INCLUDING

CASH & BANK BALANCES & DEFERRED
RECEIVABLES DUE WITHIN ONE YEAR
(SPECIFY MAJOR ITEMS) 8.80 12.76 11.10 10.78 13.18 13.12 16.38

9 TOTAL CURRENT ASSETS (TO AGREE

WITH ITEM 34 IN FORM III) 75.80 79.76 85.10 91.18 100.18 106.92 117.13

B. CURRENT LIABILITIES
(OTHER THAN BANK BORROWINGS FOR
WORKING CAPITAL)
10 CREDITORS FOR PURCHASE OF RAW
MATERIALS, STORES & CONSUMBALES
SPARES (CHEMICAL-1 MONTH;SKINS-2
WEEKS) : 30.00 30.00 33.00 36.00 39.00 42.00 45.00

11 ADVANCES FROM CUSTOMERS

12 STATUTORY LIABILITIES 0.00 0.00 0.00 0.00 0.00 0.00 0.00

13 OTHER CURRENT LIABILITIES (SPECIFY

MAJOR ITEMS) SHORT TERM
BORROWINGS, UNSECURED LOANS,
DIVIDEND PAYABLE, INSTALMENTS OF T/L,
DPG PUBLIC DEPOSITS, DEBENTURES
ETC. (PROVISION FOR TAXATION)
0.00 15.00 15.00 15.00 15.00 10.00 0.00
a) TERM LOAN
b) UNSECURED LOANS
c) DIVIDEND PAYABLE
d) EXPENSES PAYABLE 0.00 0.00 0.00 0.00
e) OTHERS

14 TOTAL (TO AGREE WITH SUB TOTAL (B) IN

FORM - III 30.00 45.00 48.00 51.00 54.00 52.00 45.00

FORM - V
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS. IN LACS)
SL. NAME S PER BALANCE SHEET AS AT MARCH 31,
2011 2012 2013 2014 2015 2016 2017

1 TOTAL CURRENT ASSETS (9 IN FORM - IV) 75.80 79.76 85.10 91.18 100.18 106.92 117.13

2 OTHER CURRENT LIABILITIES (OTHER

THAN BANK BORROWING, 14 OF FROM -
IV) 30.00 45.00 48.00 51.00 54.00 52.00 45.00

3 WORKING CAPITAL GAP [WCG (1 - 2)] 45.80 34.76 37.10 40.18 46.18 54.92 72.13

4 MINIMUM STIPULATED NET WORKING

CAPITAL i.e. 25 % OF WCG / 25 % TOTAL
CURRENT ASSETS AS THE CASE MAY BE
DEPENDING UPON THE METHOD OF
LENDING BEING APPLIED. (EXPORT
RECEIVABLES TO BE EXCLUDED UNDER
BOTH METHODS)
11.45 8.69 9.28 10.05 11.55 13.73 18.03

5 ACTUAL / PROJECTED NET WORKING

CAPITAL (45 IN FORM - III) 20.80 9.76 12.10 15.18 21.18 29.92 47.13

6 ITEM 3 MINUS ITEM 4 34.35 26.07 27.83 30.14 34.64 41.19 54.10

7 ITEM 3 MINUS ITEM 5 25.00 25.00 25.00 25.00 25.00 25.00 25.00

8 MAXIMUM PERMISSIBLE BANK FINANCE

(ITEM 6 OR ITEM 7 WHICHEVER IS LOWER)
25.00 25.00 25.00 25.00 25.00 25.00 25.00
9 EXCESS BORROWINGS REPRESENTING
SHORT FALL IN NWC (ITEM 4 MINUS ITEM
5) 0.00 0.00 0.00 0.00 0.00 0.00 0.00

FORM - VI
FUNDS FLOW STATEMENTS

(RS. IN LACS)
SL. NAME AS AT MARCH 31,
2011 2012 2013 2014 2015 2016 2017
1 SOURCES :

a) NET PROFIT (AFTER TAX) 0.72 11.02 14.30 19.67 24.00 28.95 34.47

b) ADD : DEPRECIATION 8.08 13.94 12.04 10.41 9.00 7.79 6.74

c) INCREASE IN CAPITAL 72.00 0.00 0.00 0.00 0.00 0.00 0.00

d) INCREASE IN TERM LIABILITIES

(INCLUDING PUBLIC DEPOSITS) 85.00 0.00 0.00 0.00 0.00 0.00 0.00
UNSECURED LOANS _ _ _ _ _ _ _

e) INCREASE IN CURRENT LIABILITY 55.00 0.00 3.00 3.00 3.00 3.00 3.00

g) TOTAL 220.80 24.96 29.34 33.08 36.00 39.74 44.21

2 USES :

a) NET LOSS _ _ _ _ _

b) DECREASE IN TERM LIABILITIES

(INCLUDING PUBLIC DEPOSITS) 0.00 15.00 15.00 15.00 15.00 15.00 10.00
UNSECURED LOANS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

c) INCREASE IN :

I) FIXED ASSETS 142.08 0.00 0.00 0.00 0.00 0.00 0.00

II) CURRENT ASSETS 75.80 3.96 6.34 8.08 9.00 6.74 10.21

III) OTHER NON-CURRENT ASSETS 2.92 0.00 0.00 0.00 0.00 0.00 0.00

d) DIVIDEND PAYMENTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00

e) OTHERS (PARTNER'S DRAWINGS) 0.00 6.00 8.00 10.00 12.00 18.00 24.00

f) TOTAL 220.80 24.96 29.34 33.08 36.00 39.74 44.21

 FORM - VI
FUNDS FLOW STATEMENTS

(RS. IN LACS)
SL. NAME AS AT MARCH 31,
2011 2012 2013 2014 2015 2016 2017

3 LONG TERM SURPLUS (+) / DEFICIT (-) [1-2]

0.00 0.00 0.00 0.00 0.00 0.00 0.00

4 INCREASE / DECREASE IN CURRENT

ASSETS *(AS PER DETAILS GIVEN
BELOW) 78.80 3.96 6.34 8.08 9.00 6.74 10.21

5 INCREASE / DECREASE IN (CURRENT

LIABILITIES OTHER THAN BANK
BORROWINGS) 30.00 0.00 3.00 3.00 3.00 4.00 3.00

6 INCREASE / DECREASE IN WORKING

CAPITAL GAP 48.80 -11.04 2.34 3.08 6.00 8.74 17.21

7 NET SURPLUS (+) / DEFICIT (-) 0.00 11.04 -2.34 -3.08 -6.00 -8.74 -17.21
(DIFFERENCE OF 3 & 6)

INCREASE/DECREASE IN BANK
8 BORROWINGS 25.00 _ _ _ _

9 INCREASE/DECREASE IN NET SALES 330.00 330.00 66.00 66.00 66.00 66.00 66.00

* BREAK-UP OF (4)

I) INCREASE/DECREASE IN RAW MATERIAL - - - - - - -

II) INCREASE/DECREASE IN STOCK-IN-

PROCESS 34.50 0.00 3.50 3.40 3.60 3.30 3.45

III) INCREASE/DECREASE IN FINISHED GOODS

IV) INCREASE/DECREASE IN RECEIVABLES

a) DOMESTIC 43.75 0.00 5.25 4.00 5.00 3.00 5.00
b) EXPORT _ _ _ _ _ _ _

V) INCREASE / DECREASE IN STORES AND

SPARES _ _ _ _ _ _ _

VI) INCREASE / DECREASE IN OTHER

CURRENT ASSETS 0.55 3.96 -2.41 0.68 0.40 0.44 1.76