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PROGRAMME ON CMA AND CRA RATINGDeveloped By: Lall Chand Anand (S.B.M)

QUOTE

5

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SIMPLIFIED - TRADING 71 New CRA Rating Old CRA Rating

SB 6 SB 3New CRA Ratimg afte C!"nt # Ri$% S& '&! !we Ri$% M!de ate Ri$% (iew Q"!te$ )ES Ente Q"!te N"m*e 5&! !we C!mf! t M!de ate Safet# (iew Reading$ )ES N"m*e Le$$ t+an 5,

Disclaimer: Programme is not an official version of State Bank of Mysore. Satisfy yourselves about the correctness of the resultsC.R.A Rating Programme is based on Circular issued by RMD vide No RMD: 05/1 .0!."00# $ 0!/1 .0!."00#Programme %or &im'li%ied (rade ) Non (rade* Regular (rade ) Non (rade including Diomond +ndustry ,,,-'dates : -'date %ields it color combination o% color ic is also editable in %e o% t e s eets.

ease p a e e s s ng opup2011 2012 2013 2014 2015 2016 2017 201 201

31.03.2011 31.03.2012 31.03.2013 31.03.2014 31.03.2015 31.03.2016 31.03.2017 31.03.201 31.03.201 1. LAST 1. LAST 2. CURRENT 3. NE"T 3. NE"T 3. NE"T 3. NE"T 3. NE"T 3. NE"T 1. A#$%&'$ 1. A#$%&'$ 2. P()*%+%),- 4. P()/' &'$ 4. P()/' &'$ 4. P()/' &'$ 4. P()/' &'$ 4. P()/' &'$ 4. P()/' &

COMPANY/FIRM NAME M +. TOUC TONE MARKETINGBRANCH NAME S&-&' B-, ) M +)(' SPB INDIRANAGAR

SIMPLIFIED - TRADINGCREDIT FACILITY . !o"#$n% Cap$&al L$'$& Existing/New Unit 1. E %+&%, U,%&EXPOSURE LIMIT! SE"MENT 2. SMESECTOR . T"ad$n% Se"v$ e* AMOUNT 2. R+. I, L- 8+

ACTI#ITY . T"ad$n% A &$v$&y Interest Rate Working Capital 13.009P$%&/P'$tne$s(i&/C%)&'n* +. Pa"&ne"*h$p F$"' Pe$+ent'ge %, Uti-is'ti%n 09

CRA Rating Mannual/System . Sy*&e' For Calculation of CRA Rating - Data will be extracted from CMA DataC.R.A Calcuation for the ear +, - + !lease "nter #atest Audited Financial ear

CRA Rating and Facility Rating will be arrived as on : 31.03.2012RATI * !re$ious ear Manual Data for Calucation of CRA

A+t.'-s A e$'ge "stimates A+t.'-s A e$'ge01 20 3213 01 20 3213 01 20 3213 01 20 3210 01 20 3213 01 20 32

C.$$ent R'ti% . / .0+TOL/TN4 ti)es! 0.,, .1/PBDIT/Inte$est ti)es! .20 +.,ROCE 5! PBDIT/TA! 3.4 2./0PAT/O&e$'ting In+%)e ,.+ ,.+1In ent%$* /S'-es 23 3Ret'ine6 P$%,it / T%t'- Asset - N.A - - N.A -Net C's( A++.$'- / T%t'- De t - N.A - - N.A -

A e$g'ge D S C R ,.,,P$%8e+t De t/E9.it* R'ti% ./+

Be mild with the mild, shrewd with the crafty, confiding to the honest, rough tothe ruffian, and a thunderbolt to the liar. But in all this, never be unmindful of

your own dignity - James Thurber Ver: 06_2Last Modified on 10.07

lall anand.$*m /! in

3.,, C".

%ndustryA$erage

C- # -&%), ) CRA R-&%, :%&8CMA D-&- ) P() (-;;'

mailto:[email protected]

mailto:[email protected]



Tengi -e Net 4%$t( 2+.42

9 a"&e" 9 a"&e" + D$55e"en e ; Chan%e

!re$ious Current !re$ious Current'uarter ( 'uarter ) A$erage

ear ear ear ear,; ,; ,;

Select the *ame of the Country A *&"al$a N -+3 + Rating No E<po* "e

ASSESSMENT OF NON FUND &ASED Limit A$ !n 0 .,0.+, +ASSESSMENT F BAN= G>ARANTEE LIMIT,utstanding an uarantee Amount C'-+.-'te Assess)ent %, B "

Add. . re0uired duirng the Current ear#ess1 "stimated Maturity/ CancellationRe0uirement of . &s .

an uarantee limit Assessed. .

ASSESSMENT F LETTER F CREDIT (Ind$%en ASSESSMENT F LETTER F CREDIT (I'po"&)Raw Material !urchase !er Annum . Raw Material !urchase !er Annum .+ of !urchase under #etter of Credit + of !urchase under #etter of CreditAmount of !urchase 6nder #.C . Amount of !urchase 6nder #.C .!urchase under #.C 7er month . !urchase under #.C 7er month .#ead 8ime #ead 8ime6sance !eriod 6sance !eriod#.C #imit re0uired . #.C #imit re0uired .#.C #imit Assessed 2.22 #.C #imit Assessed 2.2

QUALITATI(E FACTORS 0 -(E 1NEGATI(E2 TABLE : I

D"8A%#S

9a: 9b: 9c : 9d: 9e:A. Con&$n%en& L$a7$l$&$e* 2

2.22 2+ 2.22

? + ; o

5 & h e

T N !

,

2.22 2+ 2.22

2.22 2+ 2.22

2.22 2+ 2.22

2.22 2+ 2.22

2.22

C. A o n&$n% pol$ $e*9i: $aluation of in$entory 2.22 2+ 2.229ii: ca7itali;ation< 2.22 2+ 2.22

9 a"&e"ly G"o@&h - Sale*(No& Appl$ a7le)

Does orrower has Cash

Flow / Assets More than )5+

Amount as7er alance

Sheet

!robablityof

%n$ocation/Claim /

%m7act +

Amt Assessedto be underdefault=9a>b:

%m7act on 8*?of the 6nitColumn 9A: of

8A #" %%

Megati$e Mar s 1column of 8able %%

9a: Claims against dis7uted tax liabilities/"xcise Duties

9b: Claims against the Com7any notac nowledged as debts.

9c: !ending legal issues li e suit filedagainst the Co. and the financial im7acton the borrowing Co.

9d: *otices issued by Regulatoryauthorities li e %ncome 8ax @ Sales 8axfor realisation of dues

9e: Cor7orate guarantees gi$en with orwithout an s 7ermission /a77ro$al

. o"* a y n% "e'a" *hav$n% $'pa & on5$nan $al* "o5$&a7$l$&



9iii: de7reciation and 2.22 2+ 2.229i$: re$aluation 2.22 2+ 2.22D. Any o&he" 5a &o" 2.22 2+ 2.22

8otal Amount at Default in Column 9 c 2.22

FACILIT RATING S EET FR - , FR - 3 FR - 4 FR - FR - 5 FR - ' FR - 6

Pa ti/l"a $ Te m L!an Ca$+ C edit Te m L!an, Te m L!an3 &an% G"a antee

CA!"> / *,* CA!"> 3 NON CAPE7 , CAPE7 3 NON CAPE7 3 NON CAPE7 3 NON CAPE7 2. NON CAPEX 2. NON C

eogra7hy of %ndustry N! t+ N! t+ N! t+ N! t+ N! t+ N! t+ N! t+ 8enure of Facility 8 9,: )ea $ ; ' )ea $ ; ' )ea $ ; ' )ea $ ; ' )ea $ ; ' )ea $ ; 6 )ea

*ature of Commitment N!n Re<!l<ing Re<!l<ing Re<!l<ing Re<!l<ing Re<!l<ing Revolving RevolvP"$'a"y Colla&e"al NOT APPLICA&LE F! SIMPLIFIED T ading and N!n T ading

Stoc and Recei$ableFixed Assets,ther Current AssetResidualG a"an&ee*!ersonal /8hird !arty uarantee

o$t of %ndia uranteeState o$t uarantee

Rating S& 6 S& 6 S& 6 S& 6 S& 6 S& 6 S& 6Collateral

: :: : :: : :: : :: : :: : :: : :

8otal Fund ased ,utstanding

Fund ased #imit 6nutilised

8otal *on Fund ased #imit

EAD (E<po* "e A& De5a l&) : :: : :: : :: : :: : :: : :: : :Score 6nder Collatoral : : : : : : :

= ,3 > ,: ,: ,: ,:FACILIT RATING FR , FR ,4 FR , FR , FR , FR , FR ,

&REA?UP OF @FUTURE PROSPECTS@ 1FP2 PARAMETER UNDER FR0TA&LE

4eig(te6 S+%$e; SXT!

P! <! R! S! T! 4!

R'ti%s Bette$ At &'$ 4%$se

TOL/TN4 0 22 3 =0 3 2 2 2 >2 1 32 3 3 ?2

N O T A P P L I C A & L E F! SIMPLIFIED T ading and N!n T ading B

Lette !fC edit

Lette !C edit

g e nanc a

"0uitable Mortgage #and

Cor7orateuarantee i$en by

#td. Co.e ve o a e"aCove"

Fin'n+i'- R'ti% @ L'testP$%8e+ti%n

C%)&'$is%n; P$%8e+te6 R'ti% ;

Bette$ %$ At &'$ %$ 4%$se 's

+%)&'$e6 t% t(e -'test $'ti% : M'$ s

'$ s %$:! e

'$i'n+e i,'n* ,$%)

M'$ s .n6e$FP M'$ s

.n6e$ <:R!

4eig(t 4t !

L'test3213

P$%83210



ROCE 71 3 3 2 2 2 >2 1 32 3 3 ?2PBDIT/Intt 1 ?0 1 0 2 1 2 2 >2 2 32 3 2 ?2PAT/O&g In+ 2 31 2 >0 3 2 2 2 >2 1 32 3 3 ?2C.$$ent R'ti% 1 1= 1 1 2 1 2 2 >2 2 32 3 2 ?2

T%t'- S+%$e O.t %, 32! ? 22 > > 22T% e &.t .n6e$ F.t.$e P$%s&e+ts : P$%8e+te6 R'ti%s! in t(e Fin'n+i'- Ris

TA&LE 1N!n-A/+ie<ement !f P ! e/ted Pe f! man/e2

R'ti%s

#'$i'n+e in Pe$,%$)'n+e B'se6 %n -'st *e'$ s ,ig.$es

Negati<e (a ian/e 1N (2 and Negati<e Ma %$ 1N M2N # N M N # N M N # N M N # N M N # N M

2 22 5 t% 115 2 32 2 2315

2 >2 1 22Neg'ti e

t% 025 S+%$eTOL/TN4 2 22 0 22 : 2 22 : 2 22 : 2 22 3 5 2 >2 : 2 22 2ROCE 2 22 71 : 2 22 : 2 22 : 2 22 3 5 2 >2 : 2 22 2PBDIT/Intt 2 22 1 ?0 : 2 22 : 2 22 : 2 22 3 5 2 >2 : 2 22 2PAT/O&g In+ 2 22 2 31 : 2 22 : 2 22 : 2 22 3 5 2 >2 : 2 22 2C.$$ent R'ti% 2 22 1 1= : 2 22 : 2 22 : 2 22 3 5 2 >2 : 2 22 2

TOTAL SECURIT) 1 PRIMAR) COLLATERAL2

F!ll!wing i$ t+e Met+!d "$ed f! Cal/"lati!n !f C!llate al t! e !$" e ati! 1f! E am le f! FR ,2 HS- N%

Pa ti/"la !f Se/" it#

S+%$e .n6e$ C%--'te$'

'! ! + ! 6! e! ,! g! (!'! E-igi -e Fin'n+i'- C%--'te$'- 25 1225 2 22 2 22 2 22 2 22 2 22

! E9.itt' -e M%$tg'ge L'n6 725 025 2 22 2 22 2 22 2 22 2 22+! St%+ 'n6 Re+ei ' -e >25 325 2 22 2 22 2 22 2 22 2 226! Fixe6 Assets > 5 1 5 2 22 2 22 2 22 2 22 2 22e! Ot(e$ C.$$ent Asset 35 >5 2 22 2 22 2 22 2 22 2 22,! Resi6.'- >25 325 2 22 2 22 2 22 2 22 2 22g! ".'$'ntees GG 2 22 2 22 2 22 2 22

R%.n6e6 O,, ;; 2 2 221GUARANTEES2

T*&e %, ".'$'ntee

'! "% e$n)ent %, In6i' "OI! ".'$'ntee 25 1225 2 22 2 22 2! St'te "% e$n)ent ".'$n'tee 1225 25 2 22 2 22 2

+! Pe$s%n'- ".'$'ntee / T(i$6 P'$t* ". '$'ntee > 5 1 5 2 22 2 22 26! C%$&%$'te ".'$'ntee gi en * ' Lt6 C%)&'n* GG 5 2 22 2 22 2

GG C%$&%$'te ".'$'ntee C"! gi en * ' Li)ite6 C%)&'n* <.'-i,i+'ti%ns %, ' C%)&'n* %,,e$ing C"

L'stYe'$P$%8

3213

L'stYe'$

A+t.'-3213

25 t%5

115315

A % e025

L"D5

RR 5!122:

!

#'-.e %,C%--'te$'-

E,,e+ti eC%--'te$'-C% e$

Ex&%s.$e 'tDe,'.-t EAD!

C%--'te$'- t%Ex&%s.$e R'ti%

e/,!

S-N%

Ass.)e6L"D

A)%.

RisR'te

#'-.e %, t(e".'$'ntee

E,,e+ti eC%--'te$'- C% e$

C%--'te$'- t% Ex&%s.$R'ti%



St'te B'n %, M*s%$e SPB INDIRANA"ARP'ge N% 1

CREDIT MONITORING ARRANGEMENT DATA &ASE 1P&S MET OD2COMPAN)JFIRM NAME 0 0 MJ$ TOUC TONE MAR?ETING

Rs In L'+s

PARTICULARS

L'st L'st C.$$ent Next Next Next Next Next

Ye'$ Ye'$ Ye'$ Ye'$ Ye'$ Ye'$ Ye'$ Ye'$

A.6ite6 A.6ite6 P$% P$%8 P$%8 P$%8 P$%8 P

01 20 3211 01 20 3213 01 20 3210 01 20 321? 01 20 321 01 20 321= 01 20 3217 01 20 321>

1 "$%ss S'-es i) Domestic Sales 354.22 1012.02 189.72 569.75

ii) Export Sales

iii) Other I come 68.48 6.14

TOTAL GROSS SALES 422.70 101 .16 1 .72 56 .75 : :: : :: : :: : :: i) !o" #or$

ii) D%t& Dra' (ac$ Others I come

TOTAL SALES 422.70 101 .16 1 .72 56 .75 : :: : :: : :: : :: 2. *ess Excise +%t&

3.NET SALES 422.70 101 .16 1 .72 56 .75 : :: : :: : :: : ::

2 225 140.87, -81.37, 200.31, 2 225 2 225 2 225 2 225

COST OF SALES

a. Importe+

". I +i e o%s 354.24 1007.65 150.82 470.50

SUB < TOTAL 354.24 1007.65 150. 2 470.50 : :: : :: : :: : ::

ii! Ot(e$ s&'$es

a. Importe+

". I +i e o%sSUB < TOTAL : :: : :: : :: : :: : :: : :: : :: : :: iii) /o'er %el 2.29

i ) Direct ost 12.61 18.20

) Other Expe ses

i) Depreciatio 0.98 0.86 0.64 2.00

SUB < TOTAL 357.51 100 .51 164.07 4 0.70 : :: : :: : :: : :: DD Ope i stoc$s i process 2 22 2 22 2 22 2 22 2 22 2 22 2 *ESS losi stoc$s i process

COST OF PRODUCTION 357.51 100 .51 164.07 4 0.70 : :: : :: : :: : :: DD Ope i stoc$ i ra+e 10.78 25.17 45.78 38.10 2 22 2 22 2 22 2 *ESS losi Stoc$ i ra+e 25.17 45.78 38.10 26.12

TOTAL COST OF SALES 343.12 7. 0 171.75 502.6 : :: : :: : :: : ::

4. , a e rise or all i et sales ascompare+ to pre io%s &ears sale

i) a' materials i cl%+i stores otheritems %se+ i the process o ma % act%ri




ASSESSMENT OF KOR?ING CAPITAL REQUIREMERNTSCOMPAN)JFIRM NAME 0 0 MJ$ TOUC TONE MAR?ETING

Rs In L'+s

PARTICULARS

76.45 21.42 10.00 35.33

7. SUB TOTAL = 5 > 6 ? 41 .57 100 .32 1 1.75 53 .01 : :: : :: : :: : ::

3.13 8.84 7.97 31.74 2 22 2 22 2 22 2

9. I terest ost o #hich 1.59 6.81 6.40 7.68 2 22 2 22 2 22 2 a. I terest o #or$i apital 1.50 6.80 6.40 7.68 ". I terest o erm *oa 0.09 0.01

1.54 2.03 1.57 24.06 : :: : :: : :: : ::

a. ixe+ Deposit I terest 0.06 ". ommissio c. Other :isc. I comeSUB TOTAL =INCOME? : :: 0.06 : :: : :: : :: : :: : :: : ::

+. orex Di ere ce OthersSUB TOTAL =E"PENSES? : :: : :: : :: : :: : :: : :: : :: : ::

2 22 0.06 2 22 2 22 2 22 2 22 2 22 2

12. PROFIT BEFORE TA" LOSS 1.54 2.0 1.57 24.06 : :: : :: : :: : ::13. /ro isio or taxes 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 a. I come ax /ro isio ". De erre+ ax *ia"lities c. Earlier ;ear +<%stme t14. N'& P() %& L)++ A &'( T- 1.54 2.0 1.57 24.06 : :: : :: : :: : ::

15. a. Di i+e + pai+ +ra'ai s ". Di i+e + rate c. Speci ic eser e +. ra s erre+ to eser e c16. R'&-%,'$ @() %& 1.54 2.0 1.57 24.06 : :: : :: : :: : ::17. etai e+ pro it =et /ro it ,) 100, 100, 100, 100, 25 25 25 25

L'stYe'$

A.6ite601 20 3211

L'stYe'$

A.6ite601 20 3213

C.$$entYe'$P$%

01 20 3210

NextYe'$P$%8

01 20 321?

NextYe'$P$%8

01 20 321

NextYe'$P$%8

01 20 321=

NextYe'$P$%8

01 20 3217

NextYe'$P$%8

01 20 321

6. Selli > e eral +mi istrati e Exp eses

8. O/E I=? / O I "e oreI terest

10. OPERATING PROFIT - &'(I,&'('+&

11. i) ++ other o operatiI come

11. ii) De+%ct other o operatiExpe ses

a. /rior /erio+ Exp. #ritte O

". /relim ar& :isc Exp #ritte O

c. Director e %meratio

=et o other o operatiI come Expe ses




FORM IIIANAL)SIS OF &ALANCE S EET

COMPAN)JFIRM NAME 0 0 MJ$ TOUC TONE MAR?ETINGRs In L'+s

LIABILITIES

CURRENT LIA&ILITIES

i) rom applica t "a $ 9.23 57.55 49.67 50.00

ii) rom other "a $s

iii) o 'hich (/ (D rom @ i ii A)

SUB TOTAL =A? .23 57.55 4 .67 50.00 : :: : :: : :: : ::

3. S% +r& cre+itors 25.53 60.35 15.89 2 22 2 22 2 22 2 22 2 22

ra+e re+itors 25.53 60.35 15.89

Other re+itors

5. /ro isio or taxes 5.21

6. Di i+e + pa&a"le

a. /ro isio s 6.93 0.67 0.66 1.67

". B sec%re+ *oa s 7.16 4.40 29.40 23.30 c. C S /a&a"le 9.75 20.10

+. Other lia". pro isio s

SUB TOTAL =B? 3 .62 70.63 55.70 45.07 : :: : :: : :: : ::

10. TOTAL CURRENT LIABILITIES 4 . 5 12 .1 105.37 5.07 : :: : :: : :: : ::

L'stYe'$

A.6ite601 20 3211

L'stYe'$

A.6ite601 20 3213

C.$$entYe'$P$%

01 20 3210

NextYe'$P$%8

01 20 321?

NextYe'$P$%8

01 20 321

NextYe'$P$%8

01 20 321=

NextYe'$P$%8

01 20 3217

NextYe'$P$%8

01 20 321>

1. Short term "orro'i s rom "a $si cl . (/ (D a + excess "orro'i

place+ o repa&me t "asis "%t excl%+e "ills +ra' % +er *. )

2. Short term "orro'i s romothers I D ta$e

4. + a ces pa&me ts romc%stomers> +eposits rom +ealers.

7. Other stat%tor& lia"ilities +%e'ithi o e &ear)

8. Deposits I stalme ts o erm*oa D/? +e"e t%res etc. +%e'ithi o e &ear)

9. Other c%rre t lia"ilities /ro isio s +%e 'ithi o e &ear)speci & ma<or item



St'te B'n %, M*s%$e SPB INDIRANA"AR'ge %

ANAL)SIS OF &ALANCE S EETCOMPAN)JFIRM NAME 0 0 MJ$ TOUC TONE MAR?ETING

Rs In L'+s

LIABILITIES

TERM LIA&ILITIES

11. *oa rom others

: :: : :: : :: : :: : :: : :: : :: : ::

i) rom applica t "a $

ii) rom other "a $s

16. Other erm *ia"ilities

: :: : :: : :: : :: : :: : :: : :: : ::

4 . 5 12 .1 105.37 5.07 : :: : :: : :: : ::

NET KORT

19. Or+i ar& share capital 65.41 39.11 34.87 34.8719a. %asi apital 2 22

19". Share pplicatio :o e&

19c. Share /remi%m

20. ?e eral reser e

21. e al%atio reser e

22. Other reser es Excl . /ro .)

22 a. De erre+ ax *ia"ilit&

22 ". De"e t%re e+emptio eser e

23. S%rpl%s De icit i / * c F 1.54 3.63 5.20 29.26 2 22 2 22 2 22 2 2224. NET WORT 66. 5 42.74 40.07 64.13 : :: : :: : :: : ::

25. TOTAL LIABILITIES 115. 0 170. 2 145.44 15 .20 : :: : :: : :: : ::

L'stYe'$

A.6ite601 20 3211

L'stYe'$

A.6ite601 20 3213

C.$$entYe'$P$%

01 20 3210

NextYe'$P$%8

01 20 321?

NextYe'$P$%8

01 20 321

NextYe'$P$%8

01 20 321=

NextYe'$P$%8

01 20 3217

NextYe'$P$%8

01 20 321>

12. /re ere ce shares re+eema"lea ter 1 &ear)

13. er! loans "e#$l%si&e ofinstall!ent pa'a(le )it*in one 'ear

14. De erre+ pa&me ts cre+its

re+itors or capital oo+sexcl%si e o i stallme ts pa&a"le'ithi o e &ear

15. erm +eposits repa&a"le a tero e &ear)

17. TOTAL TERM LIABILITIES

1 . TOTAL OUTSIDELIABILITIES



St'te B'n %, M*s%$e SPB INDIRANA"ARP'ge N%



/ I B* S

CURRENT ASSETS

26. ash "a $ "ala ces 0.83 6.72 1.07 2.83

ii) ixe+ +eposits 'ith (a $s 9.00 9.00 15.00

40.86 80.54 73.50 85.05

30. IN ENTORY 25.17 45.7 3 .10 26.12 : :: : :: : :: : :: i) a' materials 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 a. Importe+

". I +i e o%s

ii) Stoc$s i process 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 iii) i ishe+ ?oo+s 25.17 45.78 38.10 26.12 2 22 2 22 2 22 2 22 i ) Other o s%ma"le spares 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 a. Importe+

". I +i e o%s

32. + a ce pa&me t o taxes

00 Ot(e$ +.$$ent 'ssets

6.13

". DS ecei a"le 4.96 0.04

c. GC e % + 1.07

34. TOTAL CURRENT ASSETS 72. 14 .21 121.67 12 .00 : :: : :: : :: : ::

L'stYe'$

A.6ite601 20 3211

L'stYe'$

A.6ite601 20 3213

C.$$entYe'$P$%

01 20 3210

NextYe'$P$%8

01 20 321?

NextYe'$P$%8

01 20 321

NextYe'$P$%8

01 20 321=

NextYe'$P$%8

01 20 3217

NextYe'$P$%8

01 20 321>

27. I estme t other tha loerm I estme ts

i) ?o t. other tr%steesec%rities / D :

28. i) ecie a"les other tha+e erre+ export i cl . (/ (D "&(a $s)

ii) Export recie a"les i cl%+i "ills p%rchase+ a + +isco% te+ "&(a $s)

29. I stalme ts o +e erre+recie a"les +%e 'ithi o e &ears)

31. + to s%ppliers o ra'materials> stores co s%ma"les.

a. Other %rre t sset +%e'ithi O e ;ear



St'te B'n %, M*s%$e SPB INDIRANA"ARP'ge N% =



/ I B* S

FIXED ASSETS

35. ? OSS (*O G 5.84 5.94 6.15 6.15 2 22 2 22 2 22 2 22 ++ ++itio e l%atio etc. 0.10 0.21 8.91 Del Sales #ritte O NET GROSSS BLOCK 5. 4 6.15 6.15 15.06 : :: : :: : :: : ::36. Depreciatio 0.98 1.84 2.48 4.48 2 22 2 22 2 22 2 22 apital-#or$-i -pro ress37. NET BLOCK 4. 6 4.31 3.67 10.5 : :: : :: : :: : :: +<%stme t i Dep. i a & 2 22 OTHER NON CURRENT ASSETS

16.60 12.90 14.60 14.12

". Others I estme ts

2 22 2 22 2 22

iii) De erre+ recie a"lesi ) Others I Ds place

39. =o co s%ma"le stores

21.35 5.50 5.50 5.50

37. 5 1 .40 20.10 1 .62 : :: : :: : :: : ::

43. TOTAL ASSETS 115. 0 170. 2 145.44 15 .20 : :: : :: : :: : ::44. TANGIBLE NET WORT =TNW? 66. 5 42.74 40.07 64.13 : :: : :: : :: : ::45. NET WORKING CAPITAL =NWC? 24.04 20.03 16.30 33. 3 : :: : :: : :: : ::

46. C#((',& R-&%) =CR? 1.4 1.16 1.15 1.36 : :: : :: : :: : ::47. TOL TNW R-&%) 0.73 3.00 2.63 1.4 : :: : :: : :: : ::

A(' ASSETS -(' ' #- &) LIABILITIES Y'+ Y'+ Y'+ Y'+B'-'n+e S(eet T%t'- LIABILITIES 11 >2 172 3 1? ?? 1 32 2 22 2 22 2 22 2 22B'-'n+e S(eet T%t'- ASSETS 11 >2 172 3 1? ?? 1 32 2 22 2 22 2 22 2 22D% '(', ' 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

L'stYe'$

A.6ite601 20 3211

L'stYe'$

A.6ite601 20 3213

C.$$entYe'$P$%

01 20 3210

NextYe'$P$%8

01 20 321?

NextYe'$P$%8

01 20 321

NextYe'$P$%8

01 20 321=

NextYe'$P$%8

01 20 3217

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3+. In&est!ents,(ook de(ts, ad&an$es,deposits- )*i$* are not C%rrent sset

i) a. I estme ts i s%"si+iar&compa ies a lit.

ii) + a ces to s%ppliers oapital ?oo+s o tractors

40. Other o -c%rre t assetsi cl%+i +%es rom +irectors

41.TOTAL OT ER NONCURRENT ASSETS/1.Intengi(le ssets" atent- ood)ill- #penses to t*e

#tent not Written off- 4 5 not pro&ided for-ot*ers et$.



St'te B'n %, M*s%$e SPB INDIRANA"AR

P'ge N% > ANAL)SIS FOR S FORMAT 1C! # and Pa$te Cell$2

-. I,*',&)( R' '%*- ' '*' + =M),&8+ D- +?

P'$ti+.-'$s

1 R'w M'te$i'-s

a. Importe+ 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22mo ths o co s%mptio ) 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

". I +i e o%s 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22mo ths o co s%mptio ) 0.00) 0.00) 0.00) 0.00) 2 22 2 22 2 22 2 22

2. Stoc$s i /rocess 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22mo ths o co s%mptio ) 0.00) 0.00) 0.00) 0.00) 2 22 2 22 2 22 2 22

3. i ishe+ ?oo+s 25.17 45.78 38.10 26.12 2 22 2 22 2 22 2 22mo ths o co s%mptio ) 0.88) 0.56) 2.66) 0.62) 2 22 2 22 2 22 2 22

40.86 80.54 73.50 85.05 2 22 2 22 2 22 2 22mo ths cost o pro+%ctio ) 1.38) 0.96) 4.65) 1.79) 2 22 2 22 2 22 2 22

2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22mo ths cost o sales) 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

6. S% +r& re+itors 25.53 60.35 15.89 2 22 2 22 2 22 2 22 2 22mo ths cost o sales) 0.86) 0.72) 1.26) 0.00) 2 22 2 22 2 22 2 22

. ASSESSED BANK FINANCE ASSESSMENT

P'$ti+.-'$s

72.89 148.21 121.67 129.00 2 22 2 22 2 22 2 222. Other .*ia". Except (a $ (orr.) 39.62 70.63 55.70 45.07 2 22 2 22 2 22 2 223. #or$i apital ?ap 33.27 77.58 65.97 83.93 2 22 2 22 2 22 2 224. =et #or$i apital ct%al /ro<ecte+) 24.04 20.03 16.30 33.93 2 22 2 22 2 22 2 22

5. A++'++'$ B-, F%,-, ' .23 57.55 4 .67 50.00 : :: : :: : :: : :: =et #or$i apital to 33, 14, 13, 26, 25 25 25 25(a $ i a ce to 13, 39, 41, 39, 25 25 25 25S% +r& re+itors to 35, 41, 13, 25 25 25 25 25Other %rre t *ia"ilities to 19, 7, 33, 35, 25 25 25 25I e tor& to =et Sales +a&s) 22 16 73 17 2 2 2 2

ecei a"les to ?ross Sales +a&s) 35 29 141 54 2 2 2 2S% +r& re+itors to /%rchases +a&s) 26 22 38 2 2 2 2 2

EFFICIENCY RATIO

P'$ti+.-'$s

=et Sales otal a i"le ssets times) 3.65 5.96 1.30 3.58 2 22 2 22 2 22 2 22/( otal a i"le ssets ,) 1.33 1.22 1.08 15.11 2 22 2 22 2 22 2 22Operati ost to Sales ,) 99.26 99.13 95.80 94.43 2 22 2 22 2 22 2 22(a $ i a ce %rre t ssets ,) 12.66 38.83 40.82 38.76 2 22 2 22 2 22 2 22I e tor&H ecei a"les to =et Sales +a&s) 57 45 215 71 2 2 2 2

01 20 3211 A.6ite6

01 20 3213 A.6ite6

01 20 3210P$%

01 20 321?P$%8

01 20 321P$%8

01 20 321=P$%8

01 20 3217P$%8

01 20 321>P$%8

4. ecei a"les =D);'+&% ?

5. ecei a"les =E @)(&+?

01 20 3211 A.6ite6

01 20 3213 A.6ite6

01 20 3210P$%

01 20 321?P$%8

01 20 321P$%8

01 20 321=P$%8

01 20 3217P$%8

01 20 321>P$%8

1. otal %rre t sset =TCA?

01 20 3211

A.6ite6

01 20 3213

A.6ite6

01 20 3210

P$%

01 20 321?

P$%8

01 20 321

P$%8

01 20 321=

P$%8

01 20 3217

P$%8

01 20 321>

P$%8



P'ge N%

COMPARITI(E STATEMENT OF CURRENT ASSETS CURRENT LIA&ILITIES

COMPAN)JFIRM NAME 0 0 MJ$ TOUC TONE MAR?ETING

Rs In L'+s

P'$ti+.-'$s

, Raw Mate ial$


". I +i e o%s 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22mo ths o co s%mptio ) 0.00) 0.00) 0.00) 0.00) 2 22 2 22 2 22 2 22

3 Ot+e C!n$"ma*le


". I +i e o%s 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22mo ths o co s%mptio ) 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

3. stoc$s i process 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22mo ths cost o pro+%ctio ) 0.00) 0.00) 0.00) 0.00) 2 22 2 22 2 22 2 22

4. i ishe+ ?oo+s 25.17 45.78 38.10 26.12 2 22 2 22 2 22 2 22mo ths cost o sales) 0.88) 0.56) 2.66) 0.62) 2 22 2 22 2 22 2 22

40.86 80.54 73.50 85.05 2 22 2 22 2 22 2 22)%nt(s s'-es ex+-g D P S'-es! 1.38) 0.96) 4.65) 1.79) 2 22 2 22 2 22 2 22

2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22mo ths export sales) 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

7. Other %rre t ssets 6.86 21.89 10.07 17.83 2 22 2 22 2 22 2 22

8. S% +r& re+itors 25.53 60.35 15.89 2 22 2 22 2 22 2 22 2 22mo ths p%rchases ) 0.86) 0.72) 1.26) 0.00) 2 22 2 22 2 22 2 22

9. Other %rre t *ia"ilities 14.09 10.28 39.81 45.07 2 22 2 22 2 22 2 22

01 20 3211 A.6ite6

01 20 3213 A.6ite6

01 20 3210P$%

01 20 321?P$%8

01 20 321P$%8

01 20 321=P$%8

01 20 3217P$%8

01 20 321>P$%8

5. ecie a"les D);'+&%

6. eci a"les E @)(&+



P'ge N% 12

FORM (I - FUND FLOK STATEMENT

COMPAN)JFIRM NAME 0 0 MJ$ TOUC TONE MAR?ETING

Rs In L'+s

A SOURCES

PARTICULARS

' Net P$%,it ',te$ t'x! 2.09 1.57 24.06 2 22 2 22 2 22 2 22 De&$e+i'ti%n 0.86 0.64 2.00 2 22 2 22 2 22 2 22 + In+$e'se in C'&it'-/ Rese$ es/<.'si C'&it'- -26.30 -4.24 2 22 2 22 2 22 2 22 2 22

2 22 2 22 2 22 2 22 2 22 2 22 2 22 , De+$e'se in

i! Fixe6 Assets 2 22 2 22 2 22 2 22 2 22 2 22 2 2219.55 2 22 0.48 2 22 2 22 2 22 2 22

iii! Int'ngi -e Assets/ Ot(e$s 2 22 2 22 2 22 2 22 2 22 2 22 2 22, TOTAL SOURCES OF FUNDS <3. 0 <2.03 26.54 : :: : :: : :: : ::

B USES OF FUNDS

' Net -%ss 2 22 2 22 2 22 2 22 2 22 2 22 2 222 22 2 22 2 22 2 22 2 22 2 22 2 22

+ In+$e'se in

i! Fixe6 Assets 0.21 2 22 8.91 2 22 2 22 2 22 2 22 ii! Ot(e$ n%n:+.$$ent 'ssets 2 22 1.70 2 22 2 22 2 22 2 22 2 22 6 Di i6en6 &'*)ents/ D$'wings 2 22 2 22 2 22 2 22 2 22 2 22 2 22 e Ot(e$s 2 22 2 22 2 22 2 22 2 22 2 22 2 22 iii! In+$ in Int'ngi -es 2 22 2 22 2 22 2 22 2 22 2 22 2 223 TOTAL USES OF FUNDS 0.21 1.70 . 1 : :: : :: : :: : ::

FUND FLOK STATEMENT SUMMAR)

1 L%ng Te$) S.$&-.s / De,i+it -4.01 -3.73 17.63 2 22 2 22 2 22 2 223 In+e'se/ De+$e'se in C.$$ent Assets 75.32 -26.54 7.33 2 22 2 22 2 22 2 220 In+ / De+ in C L %t(e$ t('n B'n B%$$%wing 31.01 -14.93 -10.63 2 22 2 22 2 22 2 22? In+ / De+ in 4%$ ing C'&it'- "'& 44.31 -11.61 17.96 2 22 2 22 2 22 2 22

Net S.$&-.s ! / Net De,i+it :! -48.32 7.88 -0.33 2 22 2 22 2 22 2 22= In+$e'se/ De+$e'se in B'n B%$$%wing 48.32 -7.88 0.33 2 22 2 22 2 22 2 22&REA?UP OF ITEM NO132 FUND FLOK STATEMENT SUMMAR)

' In+$e'se/ :!6e+$e'se in R'w M'te$i'- 2 22 2 22 2 22 2 22 2 22 2 22 2 22 In+$e'se/ :!6e+$e'se in St%+ in P$%+ess 2 22 2 22 2 22 2 22 2 22 2 22 2 22 + In+$e'se/ :!6e+$e'se in Finis(e6 "%%6s 20.61 -7.68 -11.98 2 22 2 22 2 22 2 22 6 In+$e'se/ :!6e+$e'se in Re+ei ' -es 39.68 -7.04 11.55 2 22 2 22 2 22 2 22

e In+$e'se/ :!6e+$e'se in St%$es @ S&'$es 2 22 2 22 2 22 2 22 2 22 2 22 2 22 , In+$e'se/ :!6e+$e'se in %t(e$ C.$$ent Assets 15.03 -11.82 7.76 2 22 2 22 2 22 2 22TOTAL INCREASE/ :! DECREASE 75.32 <26.54 7.33 : :: : :: : :: : ::

01 20 3213 A.6ite6

01 20 3210P$%

01 20 321?P$%8

01 20 321P$%8

01 20 321=P$%8

01 20 3217P$%8

01 20 321>P$%8

e In+$e'se i erm lia". I cl. /%"lic Deposit)

ii! Other =o %rre t ssets

". Decrease i erm lia". i cl . /%"lic Dep.



FUND FLOK STATEMENT

PARTICULARS

A L%ng Te$) S%.$+es -3.80 -2.03 26.54 2 22 2 22 2 22 2 22B L%ng Te$) Uses 0.21 1.70 8.91 2 22 2 22 2 22 2 22C S" l"$JDefi/it <4.01 <3.73 17.63 : :: : :: : :: : ::

01 20 3213 A.6ite6

01 20 3210P$%

01 20 321?P$%8

01 20 321P$%8

01 20 321=P$%8

01 20 3217P$%8

01 20 321>P$%8



COST OF PRO ECT AND MEANS OF FINANCE

C!$t !f t+e P ! e/t Mean$ !f Finan/eC!$t E "it#L'n6 P$%)%t%$s C%nt$i .ti%n 1> 3Site De e-%&)ent @ B.i-6ing 0> 3= C'&it'- S. si6*P-'nt @ M'+(ine$* 12 3= Ot(e$sF.$nit.$e 'n6 Fixt.$es T!tal E "it# 1A2 ,= 53Ot(e$ Assets De*t$

P$%&%se6 Te$) L%'n 1 02 224%$ ing C'&it'- M'$gin P$%&%se6 Te$) L%'n 3P$e O&e$'ti e Ex&enses De ent.$eC%ntingen+ies Ot(e$s

T!tal De*t 1&2 4: ::T!tal C!$t !f t+e P ! e/t = 53 T!tal Mean$ !f Finan/e = 53

Project Debt / Equity : 1.62:1 Promoters' Contribution: 38.17%

E"ISTING TERM LOAN =S?

TERM LOAN E7ISTING O&ening B'-'n+e 4: :: R'te %, Inte$est ,4 ::

R E P A ) M E N T A M O U

N T

4,$t Ma /+ 3:,:-,, 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3 3:3 -35A ilMa#

"ne 3 22 3 22 3 22 3 22 "l#

A"g"$tSe tem*e 3 22 3 22 3 22 3 22 O/t!*e N!<em*e De/em*e 3 22 3 22 3 22 3 22

an"a #Fe* "a #Ma /+ 3 22 3 22 3 22 S"* T!tal = :: = :: = :: ' :: : :: : :: : :: : :: : :: : :: : :: : :: :

Cl!$ing &alan/e 33 :: , :: ' :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : ::INTEREST Am!"nt 4 6 3 4 , 4> : 4' : :: : :: : :: : :: : :: : :: : :: : :: :

OT ER E"ISTING TERM LOAN

4,$t Ma /+ 3:,:-,, 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3 3:3 -35.* Existi - O%tsta +i.* Existi - I stallme t.* Existi - I terest

Rema %$ if an# !n E i$ting Te m L!an 1$2 and Ot+e E i$ting Te m L!anF! E i$ting Te m L!an Ct+ !"g+ t+e San/ti!n C!mm"nFI@$ O<e d"e in$tallment$ t+e $am!"t$tanding and <alidated f !m



PROPOSED TERM LOAN =S?

TERM LOAN PROPOSEDJNEK R'te %, Inte$est ,4 5:

D I S & U R S M E N T

A M O U N T

4,$t Ma /+ 3:,:-,, 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3 3:3 -35A ilMa#

"ne"l#

A"g"$tSe tem*e O/t!*e N!<em*e 12 22 De/em*e

an"a # 12 22 Fe* "a # 12 22 Ma /+S"* T!tal 4: :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : ::

R E P A ) M E N T A M O U N T

4,$t Ma /+ 3:,:-,, 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3 3:3 -35A ilMa#

"ne 1 3 1 3 1 3 1 3 1 3 1 3 "l#

A"g"$tSe tem*e 1 3 1 3 1 3 1 3 1 3 1 3

O/t!*e N!<em*e De/em*e 1 3 1 3 1 3 1 3 1 3 1 3

an"a #Fe* "a #Ma /+ 1 3 1 3 1 3 1 3 1 3 1 3 S"* T!tal : :: 3 5: 5 :: 5 :: 5 :: 5 :: 5 :: 3 5: : :: : :: : :: : ::

Cl!$ing &alan/e 4: :: 36 5: 33 5: ,6 5: ,3 5: 6 5: 3 5: : :: : :: : :: : :: : :: INTEREST Am!"nt , ,4 :: 4 4 3 6' 3 := , , : 64 : ,, : :: : :: : :: : ::

Rema %$ if An# !n P ! !$ed Te m L!an 1$2e !! t! !! ten! ! t e !an $ m!nt $ e t a "n ! t e - ! t e m $ e /!mme /a

! e ati!n i$ en<i$aged !f "nit-3 i$ Ma /+ @,, en/e e a#ment i$ ! !$ed f !m "ne@,, all!wing t+e "nitt! a# !n "a te l# *a$i$ Inte e$t !n t+e te m l!an will *e $e <ed $e a atel# !n m!nt+l# *a$i$ f !m "ne@,:!nwa d$ T+e ma gin ! !$ed f! t+e te m l!an i$ R$,,: :: la/$ w+i/+ +a$ t! *e ind"/ted " f !nt &an%$ f"ndwill *e ima il# "$ed f! !/" ement !f P M and !t+e a$$et$ P ! e/t /!m leti!n date i$ De/@,:

ABSTRACT < TERM LOAN OUTSTANDINGSH INSTALLMENTS AND INTEREST AMOUNT

PARTICULARS 3:,:-,, 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3 3:3 -

Existi .* O%tsta +i 22.00 14.00 6.00 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2/ropose+ erm *oa O s 30.00 27.50 22.50 17.50 12.50 7.50 2.50 2 22 2 22 2 22 2 22 2

.* H D/? O%tsta +i 52.00 41.50 28.50 17.50 12.50 7.50 2.50 2 22 2 22 2 22 2 22 2Existi .* I stallme t 8.00 8.00 8.00 6.00 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2/ropose+ .* I stallme t 2 22 2.50 5.00 5.00 5.00 5.00 5.00 2.50 2 22 2 22 2 22 2

otal .* H D/? I stallme t 8.00 10.50 13.00 11.00 5.00 5.00 5.00 2.50 2 22 2 22 2 22 2

needed Ot+e E i$iting Te m L



Existi .* I terest 3.47 2.43 1.39 0.36 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22/ropose+ .* I terest 1.13 4.00 3.43 2.76 2.08 1.41 0.73 0.11 2 22 2 22 2 22 2 22 2 22 2

otal .*HD/? I= E ES 4.60 6.43 4.82 3.12 2.08 1.41 0.73 0.11 2 22 2 22 2 22 2 22 2 22 2Existi .* O s or : 14.00 6.00 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22/ropose+ .* O s or : 27.50 22.50 17.50 12.50 7.50 2.50 2 22 2 22 2 22 2 22 2 22 2 22 2 22

* I stallme t epa&a"le i 1 10.50 13.00 11.00 5.00 5.00 5.00 2.50 2 22 2 22 2 22 2 22 2 22 2 22 2T)&- T.L O#&+&-,$%, 52.00 41.50 2 .50 17.50 12.50 7.50 2.50 : :: : :: : :: : :: : :: : :: : :: :

WORKING CAPITAL INTEREST CALCULATION

PARTICULARS 3:,:-,, 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3 3:3 -35

#or$i apital I t. ate 13.00, 13.00, 13.00, 13.00, 2 225 2 225 2 225 2 225 2 225 2 225 2 225 2 225 2 225 2 225 2 2.( #or$i apital *imit 9.23 57.55 49.67 50.00 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2

.Btilisatio , /ro<) 90, 90, 90, 90, 25 25 25 25 25 25 25 25 25 25 25Btilisatio /erio+ :o th) 1.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00

O%r (a $ #. apital I terest 0.09 6.73 5.81 5.85 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2Other (a $ #. apital I terestTOTAL W.C INTEREST 0.0 6.73 5. 1 5. 5 : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : ::

TOTAL WC > TL INTEREST 4.6 13.16 10.63 . 7 : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : ::



DEBT SER ICE CO ERAGE RATIO < CURRENT PRO ECT

/artic%lars 3:,:-,, 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3 3:3 -35apacit& Btili atio 95, 95, 95, 95, 95, 95, 95, 95, 95, 95, 95, 95, 95, 95, 95,epa&me t o+e : , , , , , , , , , , : : : :ash ccr%als 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

I terest o .* 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22T)&- : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : ::D/? * I stall 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22I terest 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22T)&- : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : ::D.S.C.R R-&%) : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : ::

era e DS 0.00 :N'& DSCR 0.00 :

DEBT SER ICE CO ERAGE RATIO < COMPANY AS A W OLE

/artic%lars 3:,:-,, 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3 3:3 -35apacit& Btili atio 95, 95, 95, 95, 95, 95, 95, 95, 95, 95, 95, 95, 95, 95, 95,epa&me t o+e : , , , , , , , , , , : : : :ash ccr%als 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

I terest o .* 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22T)&- C-+8 I, ): : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : ::DPG TL I,+&- 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22Existi I=S * 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22/ropose+ I=S * 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22I,&'('+& 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2Existi I= 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22/ropose+ I= 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22T)&- C-+8 O#& ): : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : ::D.S.C.R R-&%) : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : :: : ::

era e DS 0.00 :N'& DSCR 0.00 :

SECURITY MARGIN

P-(&% # -(+ 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3 3:3 -35

#DC o ixe+ ssets 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22



. erm *oa O S 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22Sec%rit& :ar i 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22Sec%rit& :ar i , 25 25 25 25 25 25 25 25 25 25 25 25 25 25

imes) 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

SE=SI ICE = *;SISPlea$e Sele/t )ea 3:,,-,3Caria"le ost Expe se 29Col%me o Sales 309Selli /rice 29

/ I B* S 3211:13 A Net S'-es 121> 1= 121> 1= 713 71 7 >2B #'$i' -e Ex&enses 0 >? 1210 73 = = 0 >?C C%nt$i .ti%n 3? 03 ? ?? 17 23 0 =D Fixe6 Ex&enses 33 3 33 3 33 3 33 3E O&e$'ting P$%,it JC:DK 3 20 :17 > : 37 :1> 00F B$e' E en S'-es JDxA/CK 00 17 127 7= 00 17 =32 0" B$e' E en 5 S'-es 35 235 1015 =05

A B S T R A C T BREAK E EN ANALYSIS

/ I B* S 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3

A SALES 121> 1= 1> 73 = 7 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

B #ARIABLE EXPENSES 0 >? 177 1 2> 0= 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

C CONTRIBUTION A:B! 3? 03 13 31 =1 0 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

D FIXED EXPENSES 33 3 12 =? 07 00 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22E OPERATIN" PROFIT C:D! 3 20 1 7 3? 2= 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

F BREA E#EN SALES DGA!/C 00 17 1= 00 0?= ? 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

" BREA E#EN 5 SALE 35 >75 =15 25 25 25 25 25 25 25 25 25 25

35 In+$e'se in

#'$i' -e C%st

025 De+$e'se in

#%-.)e %, S'-es

35 De+$e'se in

Se--ing P$i+e



BREAK E EN ANALYSIS DETAILS

/ I B* S 3:,,-,3 3:,3-,4 3:,4-, 3:, -,5 3:,5-,' 3:,'-,6 3:,6-,= 3:,=-,> 3:,>-3: 3:3:-3, 3:3,-33 3:33-34 3:34-3

S- '+ 121> 1= 1> 73 = 7 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

( ARIABLE E"PENSES1. a' :aterial Stores o s%me+ 1227 = 1 2 >3 ?72 2 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 222. /o'er 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 223. Direct *a"or #a es 2 22 13 =1 1> 32 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 224. Other Direct Expe ses 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

5. I terest o #or$i apital h = >2 = ?2 7 => 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 226. ha e i .? a + #.I./ :32 =1 7 => 11 > 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22S# T)&- 0 >? 177 1 2> 0= 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

CONTRIBUTION =A<B? 3? 03 13 31 =1 0 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

D FI"ED E"PENSES1. Depreciatio 2 >= 2 =? 3 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 222. I terest o erm *oa 2 21 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 223. Selli ?e eral +m. Expe ses 31 ?3 12 22 0 00 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

S# T)&- 33 3 12 =? 07 00 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

E OPERATING PROFIT =C<D? 3 20 1 7 3? 2= 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22BREAK E EN SALES =D A? C 00 17 1= 00 0?= ? 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22 2 22

? BREAK E EN 9 SALE 35 >75 =15 25 25 25 25 25 25 25 25 25 25



ALUE STATEMENT < SIMPLIFIED TRADING AND NON TRADING

SE"MENT ; SME / FACILITY ; 4%$ ing C'&it'- Li)it SIMPLIFIED : TRADIN"

MJ$ TOUC TONE MAR?ETING A$ !n 4, :4 3:,3

TRADING SECTOR 1SIMPLIFIED MODEL2 0 &USINESS RIS? I COMPETITION AND MAR?ET RIS?

> 7 2

II OUTLOO?J C)CLICALIT)

3 J 2K L%ng te$) %.t-%% %, t(e &$%6.+ts t$'6e6 in is st' -e/M%6est in6.st$* +*+-i+'-it* = 2

III TEC NOLOG)

3 J1 2K T(e te+(n%-%g* .se6 * t(e ,i$) t' es +'$e %, its $e9.i$e)ents t% ' g$e't extent 3 1 2

I( &USINESS EN(IRONMENT3 J1 K T(e .siness en i$%n)ent is e$* g%%6 3 1 ( REGULATOR) RIS?

1 J3 2K B.siness %&e$'ti%ns $e)'in .n',,e+te6 * $eg.-'t%$* ,$')ew%$ 3 3 2

TOTAL 1TRADING2 &USINESS RIS? 3: ,6

NON TRADING SECTOR 1SIMPLIFIED MODEL2 0 &USINESS INDUSTR) RIS? I 1A//e$$ t! Re$!" /e$2 J In "t P !file

N A NA II U$e J P !d"/t P !file

N A NA

III Te/+n!l!g# C!n$i$ten/# in Q"alit#

N A NAI( C!m etiti!n and Ma %et Ri$%

N A NA

( Ind"$t # O"tl!!% J C#/li/alit# 1S/! ing t! *e d!ne in t+e lig+t !f CRMD@$ E !$" e N! m$2 3 J0 2K T(e in6.st$* %.t-%% is e$* g%%6/St' -e t% M%6e$'te C*+-i+'-it* N A NA (I Reg"lat! # La*!" En<i !nmental Ri$% and C!ntem ! a # I$$"e$

N A NA

TOTAL 1NON TRADING2 &USINESS AND INDUSTR) RIS? N A N A

E7POSURE 0 0 R$35 :: La/$ t! 5 :: C

3 J7 2K T(e t$'6ing +%)&'n*/,i$)/&$%&$iet%$ is %ne %, t(e ,ew 6e'-ing in t(e +%))%6ities t('t'$e 6e'-t in C%)&'n*/Fi$) 6e'-s in g%%6s w(i+( (' e ' $e'6* %$ ste'6* )'$ et N%signi,i+'nt +%)&etiti%n ,%$ t(e g%%6s t$'6e6 * t(e ,i$)

1 J? 2K R'w )'te$i'-s e'si-* ' 'i-' -e @ &$i+e is ste'6* S. stit.tes in&.ts ' 'i-' -e N% $isin s%.$+ing i)&%$te6 $'w )'te$i'-s

J0 2K P$%6.+t is 6istin+ti e 'n6 %, wi6e '++e&t'n+e/.ses N% $e8e+ti%n %, &$%6.+ts T(e6e-i e$* s+(e6.-es %, &$%6.+ts '6(e$e6 t%

1 J3 2K P$% en te+(n%-%g* t% wit(st'n6 +%)&etiti%n Re+%$6 in )'int'ining &$%6.+t 9. '-it*ex+e--ent N% s'-es $e8e+ti%ns %n '++%.nt %, &$%6.+t 9.'-it*

3 J0 2K On '-'n+e t(e +%) in'ti%n %, t(e $e-e 'nt -iste6 ,'+t%$s )' es t(e in6.st$*s%)ew('t +%)&etiti e

3 J1 2K T(e in6.st$* ,'+es ' 6e)'n6ing en i$%n)ent -' %.$ @ $eg.-'t%$* s+en'$i% N%st%&&'ges %, w%$ %n '++%.nt %, -' %.$ .n$est A6 (%+ $es&%nse t% in6.st$* iss.es



ALUE STATEMENT < REGULAR TRADING AND NON TRADING

N O T A P P L I C A B L E SIMPLIFIED MODEL SELECTED

MJ$ TOUC TONE MAR?ETING A$ !n 4, :4 3:,3

TRADING SECTOR 1REGULAR MODEL2 0 &USINESS RIS?1a2 COMPETITION

N A N A

1*2 Line !f A/ti<it# and Ma %et Ri$%

3 J= 2K C%)&'n*/Fi$) 6e'-s in g%%6s w(i+( (' e ' $e'6* %$ ste'6* )'$ et = N A N A

1 /2 O"tl!!% J C#/li/alit#

3 J= 2K L%ng te$) %.t-%% %, t(e &$%6.+ts t$'6e6 in is st' -e M%6est +*+-i+'-it* N A N A1d2 Reg"lat! # Ri$%

N A N A1e2 Te/+n!l!g#

N A N A1f2 &"$ine$$ En<i !nment 1&E2

3 J3 2K T(e .siness en i$%n)ent is e$* g%%6 N A N A1g2 ("lne a*ilit# t! Mi/ !e/!n!mi/ En<i !nment

3 J3 2K T(e e,,e+t +'n e +%nt'ine6 t% ' -'$ge extent N A N A1+2 DISTRI&UTION NETKOR?

N A N A

1i2 Re$t "/t" ing

3 J3 2K "%%6 i)&'+t: % e$'-- s. se9.ent &$%g$ess is g%%6 N A N A

TOTAL &USINESS RIS? N A N A

NON TRADING SECTOR 1REGULAR MODEL2 0 &USINESS AND INDUSTR) RIS?1a2 COMPETITION MAR?ET RIS?

N A N A1*2 Ind"$t # O"tl!!%

3 J> 2K "RO4 #e$* "%%6 N A N A1 /2 Ind"$t # C#/li/alit#

3 J0 2K F'i$-* st' -e in6.st$* +*+-i+'-it* N A N A

E7POSURE 0 0 R$ 35 :: La/$t! 5 :: C

3 J >K T(e t$'6ing +%)&'n*/,i$)/&$%&$iet%$ is %ne %, t(e ,ew 6e'-ing in t(e +%))%6ities t('t'$e 6e'-t in O$ N% signi,i+'nt +%)&etiti%n ,%$ t(e g%%6s t$'6e6 * t(e ,i$)

3 J3 2K T(e t$'6e en8%*s ' ,' %.$' -e $eg.-'t%$* en i$%n)ent/ e,,e+t %, $eg.-'t%$* $is +'n e+%nt'ine6

3 J3 2K T(e existing te+(n%-%g* .se6 * t$'6ing +%)&'n* '--%ws it t% )eet t(e 6e)'n6s %,+%)&etiti%n t% ' $e's%n' -e extent

3 J1 K Dist$i .ti%n netw%$ in i)&%$t'nt '$e's .t n%t -'$ge en%.g( t% &enet$'te t(e enti$e )'$ et %$ Des&ite ' s)'--6ist$i .ti%n netw%$ t(e s'-es '$e n%t 6e+-ining signi,i+'nt-* /s(%w ' )'$gin'- in+$e'se/$e)'in '&&$%xi)'te-* 't t(es')e -e e- %$ T(e new +%)&'n* &$%&%ses ' s)'-- 6ist$i .ti%n netw%$ ,%$ its &$%6.+ts %$ T(e new +%)&'n* ex&e+ts' )'$gin'- in+$e'se in s'-es e en wit(%.t ' +('in %, 6ist$i .ti%n netw%$

J> 2K On t(e w(%-e t(e +%) in'ti%n %, t(e ' % e ,'+t%$s )' es t(e in6.st$* e$*+%)&etiti e T(e .nit is in ' -e'6e$s(i& &%siti%n 'n6 ')%ngst t%& &-'*e$s



1d2 Reg"lat! # Ri$% f! 1C I2

J= 2K B.siness %&e$'ti%ns $e)'in .n',,e+te6 * $eg.-'t%$* ,$')ew%$ N A N A

1d2 Reg"lat! # La*!" En<i !nmental Ri$% f! 1SME AGL2

N A N A

1e2 &"$ine$$ En<i !nment

3 J3 2K T(e .siness en i$%n)ent is e$* g%%6 N A N A1f2 Te/+n!l!g# and ("lne a*ilit# t! Te/+n!l!gi/al C+ange

N A N A1g2 ("lne a*ilit# t! Mi/ !e/!n!mi/ En<i !nment

3 J0 2K T(e e,,e+t +'n e +%nt'ine6 t% ' -'$ge extent N A N A1+2 1A//e$$ t! Re$!" /e$2 JIn "t P !file

N A N A1i2 U$e J P !d"/t P !file

N A N A1 2 Ca a/it# Utili ti!n Fle i*ilit# in O e ati!n

N A N A1%2 C!n$i$ten/# in Q"alit#

N A N A

1l2 Re$ea /+ and De<el! ment JInn!<ati!n

N A N A1m2 Di$t i*"ti!n Netw! %

N A N A

1n2 Re$t "/t" ing

3 J1 2K "%%6 i)&'+t:% e$'-- s. se9.ent &$%g$ess is g%%6 N A N A1!2 Le<el !f Integ ati!n

3 J1 K #e$* g%%6 &%siti%n N A N A

TOTAL &USINESS AND INDUSTR) RIS? N A N A

OR

J= 2K B.siness %&e$'ti%ns $e)'in .n',,e+te6 * $eg.-'t%$* ,$')ew%$ H'$)%ni%.s -' %.$$e-'ti%ns 'n6 n% st%&&'ges 6.e t% -' %.$ .n$est O&e$'ti%ns '$e n%t (')&e$e6 * -'+ %,

s i--e6 -' %.$

3 J= 2K T(e existing te+(n%-%g* is &$% en 'n6 s.,,i+ient T(e in6.st$* is .-ne$' -e t%te+(n%-%gi+'- +('nge t% s%)e extent .t its i)&'+t is +%nt'ine6

3 J 2K R'w )'te$i'- gene$'--* ' 'i-' -e 't )%$e %$ -ess ste'6* &$i+e H's ,ew '-te$n'te .s'ge.t s.&&-* is '6e9.'te

J= 2K P$%6.+t %, wi6e '++e&t'n+e/.ses T(e &$%6.+t is 6istin+ti e N% +%)&-'ints ' %.t t(ei$$e8e+ti%n ,$%) t(e )'$ et T(e 6e-i e$* s+(e6.-es %, &$%6.+ts '$e '6(e$e6 t% wit(%.t ,'i-

J? 2K O&ti).) C'&'+it* .ti-is'ti%nQ it &$%&e-s t% '+(ie e (ig( g$%wt( t'$gets F-exi i-it* .i-t .& in t(e)'n.,'+t.$ing ,'+i-itiest% s(i,t etween t(e &$%6.+ts t% )'int'in %&ti).) +'&'+it* .ti-is'ti%n

3 J0 2K Re+%$6 %, t(e .nit in )'int'ining t(e 9.'-it* %, its &$%6.+ts is g%%6 T(e$e '$e %n-* ',ew +'ses %, $e8e+ti%ns T(e$e is n% ISO +e$ti,i+'ti%n O$ A-t(%.g( t(e &$%&%s'- %, t(e new .nit6%es n%t t'- %, % t'ining ISO +e$ti,i+'ti%n 's %ne %, its g%'-s t(e$e is en%.g( st$ess %n)'int'ining +%nsisten+* in 9.'-it* %, its &$%6.+t

J3 2K T(e .nit s $e+%$6s '$e +%))en6' -e /ex+e--ent in R @ D 'n6 its $e+%$6 in &$%6.+tinn% 'ti%n is g%%6

3 J1 2K Dist$i .ti%n netw%$ in i)&%$t'nt '$e's .t n%t -'$ge en%.g( t% &enet$'te t(e enti$e )'$ et T(e.nit 6%es s(%w +%n+e$n ,%$ its 6e,e+ti e &$%6.+ts in t(e )'$ et .t n% '+ti%n see)s t% e initi'te6 in t(is$eg'$6 O$ Des&ite ' s)'-- 6ist$i .ti%n netw%$ t(e s'-es '$e n%t 6e+-ining signi,i+'nt-*/ s(%w ' )'$gin'-in+$e'se/ $e)'in '&&$%xi)'te-* 't t(e s')e -e e- %$ T(e new .nit ex&e+ts ' )'$gin'- in+$e'se in s'-ese en wit(%.t 6ist$i .ti%n netw%$



TRADING NON TRADING SECTOR 1REGULAR MODEL2 0 MANAGEMENT RIS?

Se-e+t t(e M%st '&&$%&$i'te ,%$ t(e +%)&'n* %n t(e 6't' &$% i6e6 t($%.g( &%& .&

1a2 A Integ it# 0 S!le P ! ieta # Fi mJ Pa tne $+i Fi mJ P<t Ltd C!m anie$2 S/! e

N A N A

1a2 & Integ it#1 f! C! ! ate$ PU&LIC LTD COMPAN)H2 0 C! ! ate G!<e nan/e 1CG2 S/! e

N A N A

1*2 T a/% Re/! d JC!nd"/t !f A//!"nt

N A N A

1/2 Manage ial C!m eten/e J C!mmitmentJ E e ti$e

N A N A

1d2 Pa#ment Re/! d

N A N A

1e2 St "/t" e S#$tem$

N A N A

1f2 E e ien/e in t+e T ade

N A N A

1g2 St ategi/ Initiati<e$

N A N A

1+2 Lengt+ !f Relati!n$+i wit+ t+e &an%

N A N A

1i2 C edi*ilit#0 A*ilit# t! A/+ie<e Sale$ J P !fit P ! e/ti!n$

3 J2 7 K A+(ie es eit(e$ s'-es %$ &$%,it &$%8e+ti%n wit(in neg'ti e '$i'n+e %, 1 5 N A N A1 2 Pa$t S"//e$$ in Int !d"/ing New T ading P !d"/t$

N A N A1%2 A*ilit# t! Manage C+ange

3 J1 2K T(e &%tenti'- t% )'n'ge +('nge is &.t int% '+ti%n t% ' g$e't extent N A N A

Ma im"mS/! e

C!m an#@$S/! e

3 J0 22K T(e )'n'ge)ent is (' ing g%%6 $e&.t'ti%n in t(e )'$ et T(e )'n'ge)ent is $e&%$te6-* $e-i' -e T(e$e '$en% '6 e$se $e&%$ts %n t(e integ$it* %, t(e )'n'ge)ent/&$%)%te$s/P$%&$iet%$ Fe't.$es $e e'-e6 * $e&%$ts %n +%n6.+t%, '++%.nt/st%+ '.6it/s&%t '.6it/ &e$i%6i+ ins&e+ti%n $e&%$ts 6% n%t +%))ent 'g'inst t(e integ$it* %, t(e

+%)&'n*/Unit Re)'$ s %, ins&e+t%$s 6% n%t in6i+'te 6%. t,.- integ$it*

3 J0 22K C" s*ste)s nee6 ,ine t.ning t% )' e it ,.--* ,.n+ti%n'- 'n6 t(e C%)&'n* is t' ing ste&s in t('t6i$e+ti%n T(e C%)&'n* is n%t ' 6e,'.-te$/wi-,.- 6e,'.-te$ T(e &$%)%te$ Di$e+t%$s %n t(e B%'$6 %, t(eC%)&'n* i$$es&e+ti e %, t(ei$ +'&'+it* w(et(e$ exe+.ti e %$ n%n:exe+.ti e '$e n%t 6e,'.-te$s/wi-,.-6e,'.-te$s

3 J0 22K On ' ,ew %++'si%ns $e&'*)ent %, -%'ns is 6e-'*e6 T(e M'n'ge)ent t$ies t% sett(ings $ig(t in +'se %, -'&ses S%)e "$%.& C%)&'nies %$ 'ss%+i'tes n%t 6%ing we-- .t t(e)'n'ge)ent is +%:%&e$'ting in $e i ing/sett-ing t(e % e$6.es

0 J3 22K T(e )'n'ge)ent is +%)&etent .t ' we-- 6e,ine6 &$%)%ti%n &%-i+* is n%nexistentT(e C%)&'n*/Unit ('s ,ew &$%,essi%n'-s %n its $%-- -ess t('n 3 5 %, t(e t%& )'n'ge)ent!'n6 is )%st-* $.n/ )'n'ge6 * n%n:&$%,essi%n'- %wne$s

3 J3 22K T(e $e+%$6 %, )eeting +%))it)ents t% -en6e$s 'n6 +$e6it%$s is g%%6 T(eC%)&'n*/Unit ('s 6e,'.-te6 %n-* %++'si%n'--*

3 J1 2K A-t(%.g( e* &%siti%ns '$e %wne$ 6$i en .t * 'n6 -'$ge t(e t%& 'n6 seni%$)'n'ge)ent t' e in6e&en6ent 6e+isi%ns 4e-- -'i6 %.t s*ste) %, $e&%$ting

1 J1 22K T(e )'n'ge)ent ('s ' g%%6 ex&e$ien+e in t(e In6.st$*/t$'6e *e'$s! 'n6 /%$ itis ' ,')i-* .siness

1 J1 22K T(e )'n'ge)ent ('s ' +-e'$ isi%n 'n6 .siness st$'teg* 'n6 t' es initi'ti es ,%$+$e'ting ' -e'6e$s(i& &%siti%n ,%$ t(e T$'6ing .nit/C%)&'n* N%n T$'6ing Unit/C%)&'n* %$T(e )'n'ge)ent %, t(e C%)&'n*/Unit ('s t(e $e9.isite +'&' i-it* t% )' e it %ne %, t(e-e'6ing ent.$es in its -ine %, .siness

3 J3 3 K De'-ing wit( t(e 'n ,%$ )%$e t('n 0 *e'$s 'n6 +%n6.+t is s'tis,'+t%$* NewC%)&'n*/Unit .t e-%nging t% ' g$%.& w(i+( '$e 6e'-ing wit( t(e B'n ,%$ )%$e t('n 0 *e'$sQ' "$%.& C%)&'n* ('s %,,e$e6 its ".'$'ntee

1 J1 22K O.tst'n6ing s.++ess $e+%$6 Sing-e t$'6ing/ n%n t$'6ing &$%6.+t C%)&'n*/Unit+%ntin.%.s-* eing we-- $e+ei e6 wit(%.t 'n* sign %, 6e+-ine



1l2 RIS? APPETITE LE(EL

N A N A

1m2 SUCCESSION PLAN AND J OR ?E) PERSON

N A N A

1n2 Ad+e en/e t! t+e C!<enant$ !f San/ti!n

3 J2 7 K F.-- C%)&-i'n+e ',te$ t(e ex&i$* %, t(e sti&.-'te6 &e$i%6 wit( ,%--%w .& N A N A

TOTAL MANAGEMENT RIS? N A N A

FINANCIAL FLE7I&ILIT) 1Ma im"m Keig+ted S/! e0 52

3 J> 2K #e$* "%%6 S.++ess Re+%$6 725 N A N A

GROUP RIS? 1Ma im"m Keig+ted S/! e0 52

J K N%t A&&-i+' -e : N%$)'-ise6 N A N A

FORE7 RIS? 1Ma im"m Keig+ted S/! e0 52

J K N%t A&&-i+' -e : N%$)'-ise6 N A N A

QUALITATI(E PARAMETER 1E7TERNAL RATING2

J2 2K N%t R'te6 * 'n* Agen+* N A N A

FACILITY RATIN" : #ALUE STATEMENTINDUSTR)

1A2 INDUSTR) C ARACTERISTICS DISTANCE TO DEFAULT

1 J0 2K Hig(-* F' %.$' -e : "$%w N A N A

UNIT C ARACTERISTICS1&2 LE(ERAGEJENFORCEMENT OF COLLATERAL

N A N A1C2 SAFET) (ALUE AND E7ISTENCE OF ASSETS

3 J 0K T(e .se,.- -i,e 9.'-it* @ .& ee& g%%6/s'tis,'+t%$* N A N A

1 J1 22K A6e9.'te .ti-i 'ti%n %, its &%tenti'- %, inn% 'ti%n/,%$'* int% 'n .n+('$te6 +%.$se ',te$ we-- t(%.g(t%.t +%nsi6e$'ti%ns .t t(e si e %, s.+( 'n exte$n'- %&e$'ti%n is -ess t('n t(e si e %, t(e C%)&'n* s/Unit6existing %&e$'ti%n

3 J1 2K S.++essi%n &-'n is in &-'+e/t(e n.) e$ %, e* &e$s%ns '$e 8.st '6e9.'te t% $.n t(e%&e$'ti%ns %, t(e C%)&'n* .t wit( %ne %$ tw% &e$s%ns -e' ing t(e +%)&'n*/Unit t(e

%&e$'ti%ns %, t(e +%)&'n*/Unit w%.-6 e )'te$i'--* ',,e+te6 t% s%)e extent

'! A i-it* t% $'ise ,.n6s t($%.g( inte$n'- s%.$+es -i e inte$n'- '++$.'-s s'-e' -e 'ssets!Q ! A i-it* t% $'ise $es%.$+es t($%.g( exte$n'- s%.$+es $e-'ti%ns(i& wit( 'n e$s -i9.i6it* '+ :.&s@ t(e -i e!Q +! Re+%$6 in $'ising ,.n6s ,$%) +'&it'- )'$ etsQ 6! F-exi i-it* t% 6e,e$ its +'&it'-ex&en6it.$e in +'se %, we' ening ,in'n+i'- &%siti%n

3 J 3K L%w -e e$'ge 3 C-'i)'nts ,%$ Assets in t(e e ent %, 6e,'.-t! /t(e $is %, en,%$+e)ent %,+-'i) is -i)ite6 t% tw% &'$ties



MACRO ECONOMIC CONDITIONS1D2 GDP G !wt+ Rate 0 Im a/t !f &"$ine$$ C#/le

N A N A1E2 In$!l<en/# Legi$lati!n in t+e " i$di/ti!n

1 J1 2K Ins%- en+* Legis-'ti%n ,' %.$ t(e B'n s/FIs It is ' 6$i e$ ,%$ $e+% e$* N A N A1F2 Im a/t !f S#$temi/JLegal Fa/t! $ !n Re/!<e #

N A N A1G2 Time Pe i!d f! Re/!<e #

3 J2 K Ex&e+te6 Re+% e$* ti)e 1 *e'$ .&t% 7 *e'$s N A N A

3 J1 K S)'-- "DP "$%wt( $'te % e$ -'st 0 *e'$s Mi-6 $e+essi%n'$* &('se A ,ew +'ses %,6e,'.-ts M%6e$'te $e+% e$* $e&%$te6

3 J2 K S*ste)i+ F'+t%$s in t(e "% e$n)ent/Se)i "% e$n)ent * 'n6 -'$ge ,' %.$ $e+% e$*Leg'- S*ste) '-s% ,' %.$s $e+% e$* "% t M'+(ine$* is ne.t$'-



State an of Mysore S! %*D%RA*A AR Page N! ,,SE"MENT ; SME / FACILITY ; 4%$ ing C'&it'- Li)it MODEL ; SIMPLIFIED : TRADIN"

M/s TOUCH TONE MAR ETIN"

AB FINANCIAL RIS? FRB4eig(t

Pa amete $

'

TOL J TNK ,: ,:

3 3

35

aB Late$t Rati! > 0 22 > 32 J K A e$'ge -'st 0 *e'$s 3 1 >= 3 J+K In6.st$* C%)&'$is%n JR'ti%K N A N A N A N ACURRENT RATIO ,: =

3 32

,' aB Late$t Rati! > 1 1= = 13 J K A e$'ge -'st 0 *e'$s 3 1 03 3 ? J+K In6.st$* C%)&'$is%n JR'ti%K N A N A N A N A

+RETURN ON CAPITAL EMPLO)ED 1ROCE2 ,: 6

3 32,

aB Late$t Rati! > 71 12 J K A e$'ge -'st 0 *e'$s 3 ? =0 3 ?

6

P&DIT J INTEREST ,: ,

1 1

, 5

aB Late$t Rati! > 1 ?0 1 1 J K A e$'ge -'st 0 *e'$s 3 3 21 2 2

e

PAT J OPERATING INCOME ,: :

1 12

: aB Late$t Rati! > 2 31 2 2 J K A e$'ge -'st 0 *e'$s 3 2 3> 2 2 J+K In6.st$* C%)&'$is%n JR'ti%K N A N A N A N A

, 2GROUP RIS? ,: : N%$)'-ise6 N%$)'-ise6

g 2FORE7 RIS? ,: : N%$)'-ise6 N%$)'-ise6

( FUTURE PROSPECTS P ! e/tedB 12 : ? 2 3 32 >

)

1A2 G !$$ A<e age DSCR 1T L Onl#2 : : : : : :O$

,: ,: 32

aB Late$t Rati! > ? >3 32

1= J K A e$'ge -'st 0 *e'$s 3 1 3 ? J+K In6.st$* C%)&'$is%n JR'ti%K N A N A N A N A

O$

: : : -

n TOTAL SCORE &EFORE NORMALISINGB , : = 5:n TOTAL NORMALISED SCORE , : >, ::% T%t'- S+%$e n%$)'-ise6 t% 72 6: '& <.'-it'ti e F'+t%$s J: eK :12! 2 :12 2

TOTAL SCORE FINANCIAL RIS?B 6: ' Finan/ial Ri$% f! Sim lified T ading K! %ing Ca ital Limit 6: '

EXPOSURE ; ; Rs 3 22L'+s t% 22 C$

As %n01 20 3213

M'xM'$ s

C%)&'n* s$'ti%s

C%)&'n* sS+%$e

M'xweig(te6

s+%$e

C%)&'n* sweig(te6 s+%$e

1&2 In<ent! #JNet Sale$ Re/ei<a*le$JG !$$ Sale$ D'*s! 1F! KC !nl#2

1C2 S"m A B!K/3 ,%$ 'C!m an# en !#ing*!t+ KC TL fa/ilitei$2



State an of Mysore S! %*D%RA*A AR Page N! ,3SE"MENT ; SME / FACILITY ; 4%$ ing C'&it'- Li)it MODEL ; SIMPLIFIED : TRADIN"


&B &USINESS RIS?Pa amete $

' C%)&etiti%n @ M'$ et Ris > 7 2 O.t-%% / C*+-i+'-it* = 2

+ Te+(n%-%g* 3 1 2

6 B.siness En i$%n)ent 3 1

e Reg.-'t%$* Ris 3 3 2

T%t'- S+%$e : B.siness Ris 3: : ,' 5S/ ! e "nde &"$ine$$ Ri$% - N! mali$ed t! 3: 3: : ,' 5&"$ine$$ Ri$% f! Sim lified T ading K! %ing Ca ital Limit 3: : ,' 5

CB MANAGEMENT RIS? MRB Pa amete $

' Integ$it* ? ? 2T$'+ Re+%$6 / C%n6.+t %, A++%.nt ? 0 2

+ Ex&e$tise M'n'ge$i'- C%)&eten+e @ C%))it)ent 0 3 2

6 P'*)ent Re+%$6 3 1

e St$.+t.$e @ S*ste)s 1 2

, Ex&e$ien+e in t(e T$'6e 3 3 2

g Lengt( %, $e-'ti%ns(i& wit( t(e B'n 0 0 2

( S.++essi%n P-'n / e* Pe$s%n 1 1 22T%t'- S+%$e JM'n'ge)ent Ris K 3: : ,6 :Management Ri$% S/! e n! mali$ed t! ,: ,: : = 5 Management Ri$% f! Sim lified T ading K! %ing Ca ital Limit ,: : = 5

DB <.'-it'ti e P'$')ete$ JExte$n'- R'tingK ! 2 2

JEKAgg egate Ri$% S/! e FR &R MR B !"t !f ,::

,:: 6, : A & C D B 6: 3: ,: 1 52

R!"nded !ff t! 0 6,JFK NEK CRA Rating *a$ed !n t+e a*!<e S/! e S& 'JFK E7ISTING CRA Rating *a$ed !n t+e a*!<e S/! e S& 4J"K C%.nt$* Ris JCRK N% Ex&%s.$e

JHK Finan/ial &! !wing Rating afte CRS& '

M!de ate Ri$%

JIK Fin'n+i'- St'te)ent <.'-it* G!!dJ K Ris S+%$e / R'ting T$'nsiti%n M't$ix Annexe6


As %n01 20 3213

Ma im"mS/! e

C!m an#@$S/! e

Ma im"mS/! e

C!m an#@$S/! e



State an of Mysore S! %*D%RA*A AR Page N! ,4

RIS? SCORE J RATING TRANSACTION MATRI7

" dle Rate$M'xi).) Re)'$ s

Pa amete $' FINANCIAL RIS 02/72 ?= 72 N% H.$6-e in S+%$es

BUSINESS RIS 12/32 17 32 N% H.$6-e in S+%$es+ MANA"EMENT RIS /12 12 N% H.$6-e in S+%$es

Agg$eg'te ? /122 71 122 N% H.$6-e in S+%$es

RIS? SCORE J RATING TRANSACTION MATRI7

A$ !n 4, :4 3:,: A$ !n 4, :4 3:,, A$ !n 4, :4 3:,3

Agg$eg'te S+%$e CRA R'ting CRA R'ting Agg$eg'te S+%$e CRA R'ting

S& S& 6, S& '

COMPARISON OF LATEST FINANCIAL RIS? 1FR2 SCORE OF LAST T REE )EARS

Agg$eg'te S+%$e CRA R'ting CRA R'ting Agg$eg'te S+%$e CRA R'ting

A$ !n 4, :4 3:,: A$ !n 4, :4 3:,, A$ !n 4, :4 3:,3Finan/ial Ri$% S/! e Finan/ial Ri$% S/! e Finan/ial Ri$% S/! e

!"t !f !"t !f ' !"t !f 6:

COMMENTS ON CMA ANALYSIS AND CRA RATIN"S FLUCTUATIONS et+

Assessing/A&&$'ising O,,i+e$ Assist'nt "ene$'- M'n'ge$

H.$6-eS+%$e

C%)&'n* sS+%$e

Agg$eg'teS+%$e

Agg$eg'teS+%$e

A )'8%$ ,-.+t.'ti%n in s+%$es $es.-ting in .&g$'6'ti%n %$ 6ete$i%$'ti%n in R'ting * )%$e t('n %ne st'ge is t% e +%))ente6 .&%n U&g$'6'ti%n inR'ting %n-* %n '++%.nt %, (ig(e$ s+%$e in &'$')ete$s %t(e$ t('n Fin'n+i'- Ris is t% e ex')ine6 'n6 +%))ente6 .&%n T(is &$% i6es 'n'66iti%n'- $is 'w'$eness t%%- ,%$ t(e C$e6it An'-*st



State an of Mysore S! %*D%RA*A AR aclity Rating - FR - (

SE"MENT ; SME / FACILITY ; 4%$ ing C'&it'- Li)it MODEL ; SIMPLIFIED : TRADIN"

A++%.nt ; Te$) L%'n NON CAPEX


Pa amete $ M'x M'$ s 4eig(t

A RIS? DRI(ER FOR LOSS GI(EN DEFAULT 1LGD2

'

CURRENT RATIO ,: 3 J'K L'test R'ti% > ?

2 = =3 ?

J K A e$'ge -'st 0 *e'$s 3 2 2

NATURE OF C ARGE ? 2 1 ? 2

+

TRADE

N O R M A L I S E D

T$'6e Re+% e$* N O R M A L I S E D

6 GEOGRAP ) N O R M A L I S E D

e

UNIT C ARACTERISTICS' Le e$'ge /En,%$+e)ent %, C%--'te$'- ? 2 1 2 2

S',et* #'-.e 'n6 existen+e %, Assets ? 2 1 2 2

,

MACRO ECONOMIC CONDITIONS

3 2 1 2 2

Ins%- en+* Legis-'ti%n in t(e .$is6i+ti%n :1 1 2 1 2 2

1 2 1 2 2

6 Ti)e &e$i%6 %, Re+% e$* : 1 1 2 1 2 2

g ': : , ': :

& RIS? DRI(ER FOR E7POSURE AT DEFAULT 1EAD2

i! 1 1 1 1 1

ii! C$e6it <.'-it* %, t(e B%$$%we$ 122 71 2 2 ?

iii! Ten%$ %, t(e F'+i-it* 0 2 1 0 2

T!tal S/! e 7T%t'- S+%$e N%$)'-ise6! >

Fa/ilit# Rating *a$ed !n t+e a*!<e S/! e FR 1?


As %n01 20 3213

SlN!

C%)&'n* sS+%$e

M'x

weig(te6s+%$e


' T$'6e C('$'+te$isti+ 'n6 6ist'n+e t%

6e,'.-t

' "DP "$%wt( R'te ; I)&'+t %, B.sinessC*+-e:3

+ I)&'+t %, s*ste)i+ / Leg'- ,'+t%$s %nRe+% e$* :1

TOTAL SECURIT) 1 P$i)'$* C%--'te$'-!

N't.$e %, C%))it)ent Re %- ing 'n6 N%nRe %- ing!

V N% s+%$ing .n6e$ t(e &'$')ete$ %, TRADE @ "e%g$'&(* %n '++%.nt %, n%n:' 'i-' i-it* %, L"D/"$%wt( 6't'M'$ s % t'ine6 %.t %, 3 t% e n%$)'-ise6 t% 122



State an of Mysore S! %*D%RA*A AR Faclity Rating - FR - )


A++%.nt ; C's( C$e6it CAPEX




'

,: ' 4 '

2 = =PRO ECT DE&TJ EQUIT) 12 = 0 =


+

TRADE

N O R M A L I S E D



e



,


3 2 1 2 2


1 2 1 2 2

6 Ti)e &e$i%6 %, Re+% e$* : 1 1 2 1 2 2

g TOTAL SECURIT) 1P ima # C!llate al2 ': : , ': :


i! 1 2 1 1 2

ii! C$e6it <.'-it* %, t(e B%$$%we$ 122 71 2 2 ?

iii! Ten%$ %, t(e F'+i-it* 0 3 1 0 3

T!tal S/! e 11T%t'- S+%$e N%$)'-ise6! 13

Fa/ilit# Rating *a$ed !n t+e a*!<e S/! e FR 10


As %n01 20 3213

SlN!

C%)&'n* sS+%$e

M'xweig(te6s+%$e


' T$'6e C('$'+te$isti+ 'n6 6ist'n+e t%6e,'.-t



N't.$e %, C%))it)ent Re %- ing 'n6 N%n

Re %- ing!

V N% s+%$ing .n6e$ t(e &'$')ete$ %, TRADE @ "e%g$'&(* %n '++%.nt %, n%n:' 'i-' i-it* %, L"D/"$%wt( 6't'



State an of Mysore S! %*D%RA*A AR ac ty at ng - -


A++%.nt ; Te$) L%'n1 NON CAPEX




'


2 = =3 ?

J K A e$'ge -'st 0 *e'$s 3 2 2


+TRADE

N O R M A L I S E D



e



,


3 2 1 2 2


1 2 1 2 2

6 Ti)e &e$i%6 %, Re+% e$* : 1 1 2 1 2 2



i! 1 2 1 1 2

ii! C$e6it <.'-it* %, t(e B%$$%we$ 122 71 2 2 ?

iii! Ten%$ %, t(e F'+i-it* 0 3 1 0 3

T!tal S/! eT%t'- S+%$e N%$)'-ise6!


M'$ s % t'ine6 %.t %, 3 t% e n%$)'-ise6 t% 122

EXPOSURE ; ; Rs 3 22

L'+s t% 22 C$

As %n

01 20 3213SlN!

C%)&'n* sS+%$e

M'xweig(te6

s+%$e



' "DP "$%wt( R'te ; I)&'+t %, B.siness

C*+-e:3





State an of Mysore S! %*D%RA*A AR ac ty at ng - -


A++%.nt ; Te$) L%'n3 NON CAPEX




'


2 = =3 ?

J K A e$'ge -'st 0 *e'$s 3 2 2


+

TRADE

N O R M A L I S E D



e



,


3 2 1 2 2


1 2 1 2 2

6 Ti)e &e$i%6 %, Re+% e$* : 1 1 2 1 2 2



i! 1 2 1 1 2

ii! C$e6it <.'-it* %, t(e B%$$%we$ 122 71 2 2 ?

iii! Ten%$ %, t(e F'+i-it* 0 3 1 0 3

T!tal S/! eT%t'- S+%$e N%$)'-ise6! 12



EXPOSURE ; ; Rs 3 22L'+s t% 22 C$ As %n01 20 3213

SlN!

C%)&'n* sS+%$e

M'xweig(te6

s+%$e








State an of Mysore S! %*D%RA*A AR aclity Rating - FR - 5


A++%.nt ; B'n ".'$'ntee NON CAPEX




'


2 = =3 ?

J K A e$'ge -'st 0 *e'$s 3 2 2


+

TRADE

N O R M A L I S E D



e



,

MACRO ECONOMIC CONDITIONS3 2 1 2 2


1 2 1 2 2

6 Ti)e &e$i%6 %, Re+% e$* : 1 1 2 1 2 2



i! 1 2 1 1 2

ii! C$e6it <.'-it* %, t(e B%$$%we$ 122 71 2 2 ?

iii! Ten%$ %, t(e F'+i-it* 0 3 1 0 3

T!tal S/! eT%t'- S+%$e N%$)'-ise6! 12



As %n01 20 3213

SlN!

C%)&'n* sS+%$e

M'xweig(te6

s+%$e








State an of Mysore S! %*D%RA*A AR aclity Rating - FR - 4


A++%.nt ; Lette$ %, C$e6it NON CAPEX




'


2 = =3 ?

J K A e$'ge -'st 0 *e'$s 3 2 2


+

INDUSTR)

0 R M 1 0 V#ALUEW

T$'6e Re+% e$* 0 R M 1 0 V#ALUEW

6 GEOGRAP ) 3 R M 1 3 V#ALUEW

e



,


3 2 1 2 2


1 2 1 2 2

6 Ti)e &e$i%6 %, Re+% e$* : 1 1 2 1 2 2



i! 1 2 1 1 2

ii! C$e6it <.'-it* %, t(e B%$$%we$ 122 71 2 2 ?

iii! Ten%$ %, t(e F'+i-it* 0 3 1 0 3

T!tal S/! eT%t'- S+%$e N%$)'-ise6! 12




As %n01 20 3213

SlN!

C%)&'n* sS+%$e

M'xweig(te6

s+%$e








State an of Mysore S! %*D%RA*A AR Faclity Rating - FR - 3


A++%.nt ; Lette$ %, C$e6it NON CAPEX




'


2 = =3 ?

J K A e$'ge -'st 0 *e'$s 3 2 2


+INDUSTR)

0 R M 1 0 V#ALUEW

T$'6e Re+% e$* 0 R M 1 0 V#ALUEW

6 GEOGRAP ) 3 R M 1 3 V#ALUEW

e



,


3 2 1 2 2


1 2 1 2 2

6 Ti)e &e$i%6 %, Re+% e$* : 1 1 2 1 2 2



i! 1 2 1 1 2

ii! C$e6it <.'-it* %, t(e B%$$%we$ 122 71 2 2 ?

iii! Ten%$ %, t(e F'+i-it* 0 3 1 0 3

T!tal S/! eT%t'- S+%$e N%$)'-ise6! 12



EXPOSURE ; ; Rs 3 22L'+s t% 22 C$ As %n01 20 3213

SlN!

C%)&'n* sS+%$e

M'xweig(te6

s+%$e









MJ$ TOUC TONE MAR?ETING

ANNEXURE: I

A TOL J TNK Ma weig+ted $/! ed 0 35B

J'K L'test R'ti% TABLE : I

R'ti% B'n6 J5K M'$ s 4eig(t

J'K J K J+K J+K JeK J,K

3 0 22 > 32

0 2 >? 22 7? 2 =

22= 22 ?> 22

12 2212 22

J K M% ing A e$'ge %, C%)&'n* s L'st 0 Ye'$s TOL/TN4 TABLE:II

M'$ s 4eig(t

J'K J K J+K J6K JeK J,K JgK

1 >= 0 22J K J'K 3

3 3J K J'K %$ J'K J2 3 KZ 1J K J'K J2 3 KZ 2

JGE-igi -e ,%$ ,.-- M'$ s : 's C%)&'n* ('s S(%wn &e' &e$,%$)'n+e in P'st K

J+K In6.st$* C%)&'$is%n TOL/TN4 TABLE:III

In6.st$* R'ti% M'$ s 4eig(t


N A N AJ K J'K N A

N A N A N AJ K J'K %$ J'K J2 3 KZ N AJ K J'K J2 3 KZ N A

J6K S.))'$* %, T%t'- S+%$e TOL / TN4 J'K J K J+K Z 3 TABLE:I#

& CURRENT RATIO Ma weig+ted $/! ed 0 3:B



J'K J K J+K J6K JeK J,K1 3 >

3 1 1= = 13

1 32 71 1 =1 121 2 ?1 22 32 2 1

2 2 2


As %n01 20 3213

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K

C%)&'n* s 4eig(te6 S+%$e J'KxJ K

L'st 0 Ye'$s' e$'ge

C%)&'n* s -'test$'ti% ,$%) T' -e:I

C%)&'n* s -'test $'ti% 's+%)&'$e6 t% its 0 *e'$s

' e$'ge

C%)&'n* sS+%$e ,$%) J6K

C%)&'n* s4eig(te6 S+%$e

J,KxJeK BZ

C%)&'n* s -'test

$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* s

S+%$e ,$%) J6K


J,KxJeK

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K




J K M% ing A e$'ge %, C%)&'n* s L'st 0 Ye'$s C R TABLE:II

M'$ s 4eig(t


1 03 1 1=J K J'K 3

3 3 ?J K J'K %$ J'K:J2 20KZ 1 J K J'K:J2 20KZ 2

JGE-igi -e ,%$ ,.-- M'$ s : 's C%)&'n* ('s S(%wn &e' &e$,%$)'n+e in P'st K

J+K In6.st$* C%)&'$is%n C.$$ent R'ti% TABLE:III



N A N AJ K J'K N A

N A N A N AJ K J'K %$ J'K:J2 20KZ N A J K J'K:J2 20KZ N A

.))'$* % %t' +%$e ' + :

C Ret" n !n Ca ital Em l!#ed ROCEB 1 2 P&DITJT!tal A$$et$B Ma Keig+ted S/! e-3:B



J'K J K J+K J6K JeK J,K> 22 >

3 71 12

7 22 7= 22 =

222 ?

? 2 312

J K M% ing A e$'ge %, C%)&'n* s L'st 0 Ye'$s : ROCE TABLE:II

M'$ s 4eig(t


? =0 71J K J'K 3

3 3 ?J K J'K %$ J'K:J 2 3 5KZ 1J K J'K:J2 3 5KZ 2

+ .))'$* % %t' +%$e .n e$ 't % ' :

D P&DIT J INTT Ma Keig+ted S/! e- ,5B J'K L'test R'ti% TABLE : I



1 1 ?0 1 1

3 7 73 2 =3 33 22 ?1 2 3

11 22 2

L'st 0 Ye'$s' e$'ge

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK BZ

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K


L'st 0 Ye'$s' e$'ge

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK BZ

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K




J K M% ing A e$'ge %, C%)&'n* s L'st 0 Ye'$s : TABLE:II PBDIT / INTT

M'$ s 4eig(t


3 21 1 ?0J K J'K 3

1 2 2J K J'K %$ J'K:J2 3 KZ 1J K J'K:J2 3 KZ 2

+ .))'$* % %t' +%$e .n e$ 't % ' TABLE:III

E PAT J O e ating In/!me B O e ating In/!me 9 Net Sale$-Ot+e In/!meB Ma Keig+ted S/! e- ,:B



J'K J K J+K J6K JeK J,K2 >

1 2 31 2 2

22 7? 2 =? 22

0 2 ?0 22 33 22 1

3 22 2 J K M% ing A e$'ge %, C%)&'n* s L'st 0 Ye'$s : TABLE : II PAT / O&e$'ting In+%)e

M'$ s 4eig(t


2 3> 2 31J K J'K 3

1 2 2J K J'K %$ J'K:J2 25KZ 1J K J'K:J2 25KZ 2

J+K In6.st$* A e$'ge : PAT / O&e$'ting In+%)e TABLE : III



N A N AJ K J'K N A

N A N A N AJ K J'K %$ J'K:J2 25KZ N AJ K J'K:J2 25KZ N A

.))'$* % %t' +%$e &e$'t ng n+%)e ' + TABLE : I#

G RETAINED PROFIT J TOTAL ASSET Ma im"m Keig+ted S/! e 0 ,:B




N A : N A : N A N A

22 =0 22 ?3 22 31 22 1

1 22 2

L'st 0 Ye'$s' e$'ge

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K


L'st 0 Ye'$s' e$'ge

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K




J K M% ing A e$'ge %, C%)&'n* s L'st 0 Ye'$s : R'ti% : Ret'in P$%,it / T%t'- Asset 5 TABLE : II

M'$ s 4eig(t

N A N AJ K J'K 3

N A N A N AJ K J'K %$ J'K : J2 3 5KZ 1J K J'K : J2 3 5KZ 2

+ .))'$* % %t' +%$e et' n $% t %t' sset TABLE:III

NET CAS ACCRUAL J TOTAL DE&T Ma im"m Keig+ted S/! e 0 ,5B

J'K L'test R'ti% TABLE : II


J'K J K J+K J6K JeK J,K 32 22 >

N A : N A : N A N A

1 22 =12 227 22 0? 22 1

? 22 2 J K M% ing A e$'ge %, C%)&'n* s L'st 0 Ye'$s : R'ti% : In /NS Re+ /"S! x 0= JD'*s K

M'$ s 4eig(t

N A N AJ K J'K 3

N A N A N AJ K J'K %$ J'K : J2 3 KZ 1J K J'K : J2 3 KZ 2

+ .))'$* % %t' +%$e et 's ++$.' %t' e t TABLE:III

TABLE : IR'ti% B'n6 M'$ s 4eig(t

J'K J K J+K J6K JeK J,K3 22 12

3 2 22 2 2

1 >1 >1 3 71 2 =1 >>

1 >2 01 7> 31 7 1

1 7 2

J'K L'test R'ti% TABLE : II '!


J'K J K J+K J6K JeK J,K =2 >

3 ? > 1=

2 7132 =1 21>2 ?

L'st 0 Ye'$s' e$'ge

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K


L'st 0 Ye'$s' e$'ge

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK

F Ca$e I 0 G !$$ A<e age DSCR f! All L!an$ f! a *! !we en !#ing TL fa/ilit# !nl#BMA7 Ma %$ 3:B

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K


F Ca$e II 0 1In<ent! # J Net Sale$ Re/ei<a*le$ J G !$$ Sale$2 4'5 1Da#$@2 1f! a *! !we en !#ingKC fa/ilit# !nl#2 Ma im"m Keig+ted S/! e 0 3:B

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K




322 3322 2



J K M% ing A e$'ge %, C%)&'n* s L'st 0 Ye'$s : R'ti% : TABLE : II ! In /NS Re+ /"S! x 0= JD'*s K

M'$ s 4eig(t

1 ?J K J'K 3

3 3 ?J K J'K %$ J'K J1 KZ 1J K J'K J1 KZ 2

J+K In6.st$* C%)&'$is%n : J In /NS Re+ /"S! x 0= JD'*sK TABLE : II [


N A N AJ K J'K N A

N A N A N AJ K J'K %$ J'K J1 KZ N AJ K J'K J1 KZ N A

J6K S.))'$* %, T%t'- S+%$e .n6e$ C'se II :32 TABLE : III In / NS Re+ / "S! x 0= J6'*s K J'K J K J+KZ

CASE - III 0 F! a C!m an# +a<ing *!t+ KC TL Fa/ilitie$

+%$ ng %ne %$ 's .n e$ 'se: +%$e ; J'K +%$ ng %ne %$ 's .n e$ 'se +%$e ; J K

+%$e % t' ne .n e$ 'se: +%$e ; J+K

TRADIN" SECTOR RE"ULAR MODEL YEAR TO YEAR "RO4TH


R'ti% B'n6 M'$ s 4eig(t

J'K J K J+K J6K JeK J,K1 5 12

1 2 225 2 2

7 25 >0 225 =3 225 ?2 225 3

:! 5 :3:!125 :?

:!125 :=

FACILIT) RATING - TRADING SECTOR REGULAR

& CURRENT RATIO Ma weig+ted $/! ed 0 ,5B

J'K L'test R'ti% TABLE : IR'ti% B'n6 M'$ s 4eig(t


2 = 1 1= ? 3 ?

1 02 71 3 =1 321 1 ?1 12 01 2 31 22 1

1 22 2

L'st 0 Ye'$s' e$'ge

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK

& A<e age )ea t! )ea G !wt+ in Net Sale$ in la$t tw! Q"a te $ 1 2 T!talKeig+ted S/! e 0 ,:B

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K


C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K





M'$ s 4eig(t

J'K J K J+K JeK J,K JgKG

1 03 1 1=J K J'K 3

2 = 2 2J K J'K %$ J'K:J2 20KZ 1J K J'K:J2 20KZ 2

+ .))'$* % %t' +%$e .n e$ :

FACILIT) RATING - NON TRADING SECTOR REGULAR

& CURRENT RATIO Ma weig+ted $/! ed 0 'B


R'ti% B'n6 M'$ s 4eig(t

J'K J K J+K J6K JeK J,K 1 2 =

2 = 1 1= 0 1 >

1 0

1 32 ? 1 12 0

1 22 31 22 2


M'$ s 4eig(t

J'K J K J+K JeK J,K JgKG

1 03 1 1=J K J'K 3

2 = 2 2J K J'K %$ J'K:J2 2 KZ 1J K J'K:J2 2 KZ 2

J+K In6.st$* C%)&'$is%n : J CURRENT RATIO K TABLE : III


N%$)'-ise6 N%$)'-ise6J K J'K N A

N%$)'-ise6 N%$)'-ise6 N%$)'-ise6J K J'K %$ J'K:J2 20KZ N AJ K J'K:J2 20KZ N A

.))'$* % %t' +%$e .n e$ :

F PRO ECT DE&TJEQUIT) f! CAPE7 Te m L!an A//!"nt$ B Ma im"m Keig+ted S/! e 0 'B

J'K L'test R'ti% TABLE : II '!


J'K J K J+K J6K JeK J,K 1 2 12 1 2 >

L'st 0 Ye'$s' e$'ge

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK BZ

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K


L'st 0 Ye'$s' e$'ge

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK BZ

C%)&'n* s -'test$'ti% ,$%) T' -e:I


' e$'ge

C%)&'n* sS+%$e ,$%) J6K


J,KxJeK

C%)&'n* sR'ti%

C%)&'n* s S+%$e,$%) J K


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