SACHIN BABULAL CHECHANI
CHECHANI OVERSEAS
Figure in Lakh
Particulars of the existing/proposed limits from the banks
S.No Name of bank Financial Nature of Existing Extent to which limits were Balance o/s as Limits now
Institution Facility Limits utilized during the last 12 on requested
months
MINIMUM MAXIMUM 31/03/2024
(1) (2) (3) (4) (5) (6) (7) (8)
1 Union Bank Of India Cash Credit 0.00 0.00 0.00 0.00 50.00
FORM II (OPERATING STATEMENT)
PARTICULARS ESTIMATED PROJECTED YEARS
31/03/2025 31/03/2026 31/03/2027 31/03/2028 31/03/2029 31/03/2030 31/03/2031 31/03/2032
1. Gross Income
(i.) Sales(net of returns)
(a.) Domestic Sales 160.00 528.00 580.80 638.88 702.77 773.05 850.35 935.38
(b.) Export Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(c.) Sub-total(a+b) 160.00 528.00 580.80 638.88 702.77 773.05 850.35 935.38
(d.) % rise(+) or fall(- 230.00 10.00 10.00 10.00 10.00 10.00 10.00
) in sales turnover
as compared to
Previous Year
(ii.) Other Income
(a.) Duty Drawback
(b.) Cash assistance
(c.) Commission &
brokerage
received
(d.) Sub-total (a + b 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
+ c)
(iii.) Total (i) + (ii) 160.00 528.00 580.80 638.88 702.77 773.05 850.35 935.38
2. Cost of Sales
(i.) Purchases 160.69 518.19 543.01 597.48 657.35 723.18 795.54 875.10
(ii.) Other trading exp.s 3.20 10.56 11.62 12.79 14.08 15.50 17.06 18.78
(carriage inward,
commission and
brokerage on
purchase)
(iii.) Sub-total (i) + (ii) 163.89 528.75 554.63 610.27 671.43 738.68 812.60 893.88
(iv.) Add: Opening Stock 0.00 12.36 40.81 44.91 49.41 54.37 59.81 65.80
(v.) Sub-total (iii) + (iv) 163.89 541.11 595.44 655.18 720.84 793.05 872.41 959.68
(vi.) Less: Closing Stock 12.36 40.81 44.91 49.41 54.37 59.81 65.80 72.38
(vii.) Total cost of sales (v) 151.53 500.30 550.53 605.77 666.47 733.24 806.61 887.30
- (vi)
3. Selling General & 2.00 6.60 7.26 7.99 8.80 9.69 10.67 11.75
Administrative
4. Operating Profit (before 6.47 21.10 23.01 25.12 27.50 30.12 33.07 36.33
Interest and
Depriciation [1(iii) -
2(vii) - 3]
5. Interest 1.67 5.00 5.00 5.00 5.00 5.00 5.00 5.00
6. Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7. Operating Profit (after 4.80 16.10 18.01 20.12 22.50 25.12 28.07 31.33
Interest
Depreciation)(4-5-6)
8.
(i.) Add: Other non-
operating Income
(a.)
(b.) Other than above
(c.) Sub-Total
(Income)
(ii.) Less: Other non-
operating exp.s
(a.)
(b.) Other than above
(c.) Sub-Total
(Expenses)
(iii.) Net of other non- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
operating
Income/Expenses [net
of 8(i) - 8(ii)]
9. Profit Before TAX/Loss 4.80 16.10 18.01 20.12 22.50 25.12 28.07 31.33
[7 + 8(iii)]
10. Provision for Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11. Net Profit/Loss (9 - 10) 4.80 16.10 18.01 20.12 22.50 25.12 28.07 31.33
12.
(i.) Equity dividend paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(ii.) Dividend Rate 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13. Retained Profit (11 - 12) 4.80 16.10 18.01 20.12 22.50 25.12 28.07 31.33
14. Retained Profit/Net 100 100 100 100 100 100 100 100
Profit (%)(13/11)** In
Case of firms, drawing
made during the year by
proprietors/partners
Additional Data
Break-up of Sales
Turnover (Inclusive of
other income)
(a.) Domestic Sales
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter 160.00 528.00 580.80 638.88 702.77 773.05 850.35 935.38
Sub-Total 160.00 528.00 580.80 638.88 702.77 773.05 850.35 935.38
(b.) Export Sales
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sub-Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total (a) + (b) 160.00 528.00 580.80 638.88 702.77 773.05 850.35 935.38
(To agree with 1(iii))
FORM III (ANALYSIS OF BALANCE SHEET)
PARTICULARS ESTIMATED PROJECTED YEARS
31/03/2025 31/03/2026 31/03/2027 31/03/2028 31/03/2029 31/03/2030 31/03/2031 31/03/2032
Current Liabilites
1. Short-Term borrowings from
banks (including bills
purchased Discount & excess
borrowings placed on
repayment basis)
(i.) From applicant bank 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00
(ii.) From other banks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(iii.) (Of which BP & BD) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sub-Total(A) 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00
2. Short-term borrowing from 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
others
3. Sundry creditors(trade) 13.39 43.18 45.25 49.79 54.78 60.26 66.29 72.92
4. Advance payments from
customers/deposits from
dealers
5. Provision for taxation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6. Dividend payable
7. Other statutory liabilities (due
within one year)
8. Deposits/Instalments of term 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
loans/DPGs/debentures,etc.
(due within one year)
9. Other current liabilites & 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
provisions (Due within 1
year)(Specify major items)
Sub-Total(B) 13.39 43.18 45.25 49.79 54.78 60.26 66.29 72.92
10. Total current Liabilites(Total 1 63.39 93.18 95.25 99.79 104.78 110.26 116.29 122.92
To 9)
Term Liabilites
11. Debentures(not maturing
within one Year
12. Preference Shares
(redeemable after one year)
13. Term loans (excluding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
instalments payable within
one years)
14. Deferred Payment Credits
(excluding instalments due
within one year)
15. Terms deposits (repayment
after 1 year)
16. From Directors & relatives
17. Other terms liabilities
18. Total terms liabilities(Add 11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
to 17)
19. Total Outside 63.39 93.18 95.25 99.79 104.78 110.26 116.29 122.92
Liabilites(10+18)
Net worth
20. Ordinary share capital 28.80 42.90 57.91 74.03 91.53 110.65 131.72 155.05
21. General reserve
22. Revaluation Reserve
23. Other reserves(excluding
provision)
24. Surplus (+) or deficit (-) in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
profit and Loss account
25. Net Worth 28.80 42.90 57.91 74.03 91.53 110.65 131.72 155.05
26. Total Liabilities (19+25) 92.19 136.08 153.16 173.82 196.31 220.91 248.01 277.97
Current Assets
27. Cash and bank balances 9.83 9.27 10.65 7.55 7.09 7.47 8.92 8.67
28. Investment(other than long-
term investments
(i.) Government & other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Trust securities
(ii.) Fixed deposits with
banks
29.
(i.) Receivables other than 20.00 66.00 72.60 79.86 87.85 96.63 106.29 116.92
deferred and
exports(including bills
purchased & discounted
by banks)
(ii.) Export receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(including bills
purchased/ discounted
by banks)
30. Instalments of deferred 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
receivables (due within one
year)
31. Inventory
(i.) Raw material(including
stores and other items
used in the process
manufacture)
Imported 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Indigenous
(ii.) Stock-in process
(iii.) Finished goods 12.36 40.81 44.91 49.41 54.37 59.81 65.80 72.38
(iv.) Other consumable
spares
Imported
Indigenous
32. Advance to suppliers of raw 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
material stores/spares
33. Advances payment of taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
34. Other current assets (specify 40.00 10.00 15.00 27.00 37.00 47.00 57.00 70.00
major items)
35. Total Current Assets(add 27 82.19 126.08 143.16 163.82 186.31 210.91 238.01 267.97
To 34)
Fixed Assets
36. Gross Block (land & bulding, 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
machinery,Cap.work-in-
progress)
37. Depreciation to date 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
38. Net Block(36-37) 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
Other Non-Current Assets
39. Investments/book
debts/advances/ deposits
which are not Current Assets
(i.)
Investments in
subsidiary
companies/affiliates
Others
(ii.) Advances to suppliers of
capital goods &
contractors
(iii.) Deferred receivables
(maturity exceeding one
year)
(iv.) Other
40. Obsolete stock
41. Other non-current assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
including dues from directors
42. Total other non-current 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Assets (Total of 39 To 41)
43. Intangible assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(patents,goodwill, preliminary
expenses, bad/ doubtful
debts not provided for, etc.
44. Total Assets (35+38+42+43) 92.19 136.08 153.16 173.82 196.31 220.91 248.01 277.97
45. Tangible Net worth(25-43) 28.80 42.90 57.91 74.03 91.53 110.65 131.72 155.05
46. Net Working Capital [(18+25) 18.80 32.90 47.91 64.03 81.53 100.65 121.72 145.05
-(38+42+43)] Tally With
Net Working Capital (35-10) 18.80 32.90 47.91 64.03 81.53 100.65 121.72 145.05
47. Current Ratio (Items 35/10) 1.3 1.35 1.5 1.64 1.78 1.91 2.05 2.18
48. Total Outside Liabilities/ 2.2 2.17 1.64 1.35 1.14 1 0.88 0.79
Tangible Net worth(19/45)
Additional Infomation
(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/guarantees
extended to
accommodate
associate/sister concerns
or other third parties
(e.) Other liabilities not
provided for
FORM IV (COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES)
PARTICULARS ESTIMATED PROJECTED YEARS
31/03/2025 31/03/2026 31/03/2027 31/03/2028 31/03/2029 31/03/2030 31/03/2031 31/03/2032
A. Current Assets
1. Stock-in-Trade: 12.36 40.81 44.91 49.41 54.37 59.81 65.80 72.38
(Months' cost of 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Sales:)
2. Receivables other than 20.00 66.00 72.60 79.86 87.85 96.63 106.29 116.92
export and deferred
receivables (including
bills purchased &
discounted by bankers
(Months' domestic 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50
sales:)
3. Export receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(including bills
purchased & discounted)
(Months' export
sales:)
4. Advance to suppliers of 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
raw materials and
stores/ spares,
consumables
5. Other current assets 49.83 19.27 25.65 34.55 44.09 54.47 65.92 78.67
including cash and bank
balances & deferred
receivables due within
one year (specify major
items)
6. Total current Assets (To 82.19 126.08 143.16 163.82 186.31 210.91 238.01 267.97
agree with item 35 in
Form III)
B. Current Liabilities (Other
than bank borrowing for
working capital)
7. Sundry Creditors (trade) 13.39 43.18 45.25 49.79 54.78 60.26 66.29 72.92
(Months' purchases:) 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
8. Advances payment from
customers/ deposits
from dealers
9. Statutory liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10. Other current liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(Specify major items
such as Short-term
borrowing, unsecured
loans, dividend payable,
instalments of TL. DPG,
Public
deposits,debentures, etc.
11. Total (To agree with 13.39 43.18 45.25 49.79 54.78 60.26 66.29 72.92
sub-total B- Form III)
FORM V (Computation of maximum permissible Bank Finance for Working Capital)
PARTICULARS ESTIMATED PROJECTED YEARS
31/03/2025 31/03/2026 31/03/2027 31/03/2028 31/03/2029 31/03/2030 31/03/2031 31/03/2032
1. Total Current Assets,(6 82.19 126.08 143.16 163.82 186.31 210.91 238.01 267.97
in Form IV)
2. Current Liabilities 13.39 43.18 45.25 49.79 54.78 60.26 66.29 72.92
(Other than bank
borrowing) (2 to 9 of
Form III)
3. Working Capital Gap 68.80 82.90 97.91 114.03 131.53 150.65 171.72 195.05
(WCG)(1-2)
4. Minimum stipulated 17.20 20.73 24.48 28.51 32.88 37.66 42.93 48.76
net working Capital i.e.
25% of WCG/25% of
total current asset as
the case may be
depending upon the
method of lending
being applied (Export
receivables to be
excluded under both
methods)
5. Actual/projected net 18.80 32.90 47.91 64.03 81.53 100.65 121.72 145.05
working capital (46 in
Form III)
6. Assessed Bank Finance 51.60 62.17 73.43 85.52 98.65 112.99 128.79 146.29
(3-4)
7. Item 3 minus item 5 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00
8. Maximum permissible 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00
bank finance (Item 6
or 7 whichever is
Lower)
9. Excess borrowings -1.60 -12.17 -23.43 -35.52 -48.65 -62.99 -78.79 -96.29
representing shortfall
in NWC(4-5)
FORM V II Method (Computation of maximum permissible Bank Finance for Working Capital)
PARTICULARS ESTIMATED PROJECTED YEARS
31/03/2025 31/03/2026 31/03/2027 31/03/2028 31/03/2029 31/03/2030 31/03/2031 31/03/2032
1. Total Current Assets,(6 82.19 126.08 143.16 163.82 186.31 210.91 238.01 267.97
in Form IV)
2. Current Liabilities 13.39 43.18 45.25 49.79 54.78 60.26 66.29 72.92
(Other than bank
borrowing) (2 to 9 of
Form III)
3. Working Capital Gap 68.80 82.90 97.91 114.03 131.53 150.65 171.72 195.05
(WCG)(1-2)
4. Minimum stipulated 20.55 31.52 35.79 40.96 46.58 52.73 59.5 66.99
net working Capital i.e.
25% of WCG/25% of
total current asset as
the case may be
depending upon the
method of lending
being applied (Export
receivables to be
excluded under both
methods)
5. Actual/projected net 18.80 32.90 47.91 64.03 81.53 100.65 121.72 145.05
working capital (46 in
Form III)
6. Assessed Bank Finance 48.25 51.38 62.12 73.07 84.95 97.92 112.22 128.06
(3-4)
7. Item 3 minus item 5 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00
8. Maximum permissible 48.25 50.00 50.00 50.00 50.00 50.00 50.00 50.00
bank finance (Item 6
or 7 whichever is
Lower)
9. Excess borrowings 1.75 -1.38 -12.12 -23.07 -34.95 -47.92 -62.22 -78.06
representing shortfall
in NWC(4-5)
FORM VI (FUNDS FLOW STATEMENT)
PARTICULARS ESTIMATED PROJECTED YEARS
31/03/2025 31/03/2026 31/03/2027 31/03/2028 31/03/2029 31/03/2030 31/03/2031 31/03/2032
1. Sources 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(a.) Net profit (After tax) 0.00 16.10 18.01 20.12 22.50 25.12 28.07 31.33
(b.) Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(c.) Increase in capital 0.00 -2.00 -3.00 -4.00 -5.00 -6.00 -7.00 -8.00
(d.) Increase in Term 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Liabilities (Including
Public deposits)
(e.) Decrease in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(i.) Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(ii.) Other non-current 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
assets
(f.) Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(g.) Total 0.00 14.10 15.01 16.12 17.50 19.12 21.07 23.33
2. Uses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(a.) Net loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(b.) Decrease in term 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Liabilities (Including
public deposits)
(c.) Increase in: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(i.) Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(ii.) Other non-current 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
assets
(d.) Dividend payments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(e.) Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(f.) Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3 Long-term Surplus 0.00 14.10 15.01 16.12 17.50 19.12 21.07 23.33
(+)/Deficit (-)(1-2) * (as
per details given below)
4. Increase/decrease in 0.00 43.89 17.08 20.66 22.49 24.60 27.10 29.96
current assets * (as per
details given below)
5. Increase/decrease in 0.00 29.79 2.07 4.54 4.99 5.48 6.03 6.63
current liabilities other
than Bank borrowings
6. Increase/decrease in 0.00 14.10 15.01 16.12 17.50 19.12 21.07 23.33
working capital gap
7. Net surplus (+)/deficit (- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
) (Difference of 3 & 6)
8. Increase/decrease in: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(i.) Bank borrowing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(ii.) Net Sales 0.00 368.00 52.80 58.08 63.89 70.28 77.30 85.03
*Break-up of(4) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(i.) Increase/Decrease in: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(a.) Raw Materials 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(b.) Stocks-in-Process 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(c.) Finished Goods 0.00 28.45 4.10 4.50 4.96 5.44 5.99 6.58
(ii.) Increase/Decrease in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Receivables:
(a.) Exports 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(b.) Domestic 0.00 46.00 6.60 7.26 7.99 8.78 9.66 10.63
(iii.) Increase/Decrease in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
stores Spares
(iv.) Increase/Decrease in 0.00 -0.56 1.38 -3.10 -0.46 0.38 1.45 -0.25
other current assets
