Credit Monitoring Analysis (C M A)

Of

SHREE GANESH ENTERPRISES

Prepared By:
 SHREE GANESH ENTERPRISES()
244, GANESHPURI COLONY, INDORE, MADHYA PRADESH, INDIA,
452016

OPERATING STATEMENT
Amounts in : Lakhs
Particulars 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Estimated Projected Projected Projected Projected
1. Gross Sales
(i) Domestic sales 350.00 1200.00 1440.00 1730.00 2080.00
(ii) Export Sales
(iii)Add other revenue income
Total 350.00 1200.00 1440.00 1730.00 2080.00

2. Less excise duty

Deduct other items
3. Net Sales(item 1 - item 2) 350.00 1200.00 1440.00 1730.00 2080.00

4. % age rise (+) or fall (-) in net sales 242.86 20.00 20.14 20.23

5. Cost of Sales
(i)Raw Material 565.00 1150.00 1346.00 1610.00 1950.00

(a) Imported 565.00 1150.00 1346.00 1610.00 1950.00

(b) Indigenous
(ii) Other Consumables

(a) Imported
(b) Indigenous
(iii) Packing Material

(a) Imported
(b) Indigenous
(iv) Power and Fuel
(v) Direct Labour
(vi) Other mfg. expenses
(vii) Depreciation
(viii) Sub Total (i to vii) 565.00 1150.00 1346.00 1610.00 1950.00

(ix) Add:Opening stocks-in-Process

Sub Total 565.00 1150.00 1346.00 1610.00 1950.00

(x) Deduct:Closing stocks-in-Process

(xi) Cost of Production 565.00 1150.00 1346.00 1610.00 1950.00

(xii) Add : Opening Stock of Finished Goods 240.00 280.00 290.00 300.00
Sub Total 565.00 1390.00 1626.00 1900.00 2250.00

(xiii) Deduct:Closing stocks of Finished Goods 240.00 280.00 290.00 300.00 320.00
Sub-Total (Total Cost of Sales) 325.00 1110.00 1336.00 1600.00 1930.00

6. Selling, general and administrative exp. 6.00 14.00 16.00 18.00 20.00
7. Sub Total (5+6)(Total Cost of Sales) 331.00 1124.00 1352.00 1618.00 1950.00
8. Operating Profit before Interest(3-7) 19.00 76.00 88.00 112.00 130.00

9. Interest 25.00 25.00 25.00 25.00

10. Operating profit after interest (8-9) 19.00 51.00 63.00 87.00 105.00

11. (i) Add other non-operating income

(a)
(b)
(c)
(d)
I - Sub Total (Income)

(ii) Deduct other non-operation expenses

(a)
(b)
(c)
(d)
II - Sub Total(expenses)

III - Net of other non-operation income/exp. (I -

II)

12. Profit before tax 19.00 51.00 63.00 87.00 105.00

[10+11(iii)]
13. Provision for taxes

Current
Deferred
14. Net Profit/loss (12-13) 19.00 51.00 63.00 87.00 105.00

15. (a) Equity dividend paid- amount

(b) Dividend Rate (in %)
16. Retained Profit 19.00 51.00 63.00 87.00 105.00

17. Retained Profit/Net Profit (% Age) 100.00 100.00 100.00 100.00 100.00
 BALANCE SHEET
Amounts in : Lakhs
Particulars 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Estimated Projected Projected Projected Projected
CURRENT LIABILITIES
1. Short-term Borrowing from Banks
(i) From Applicant Bank 250.00 250.00 250.00 250.00 250.00
(ii) From Other Banks
(iii) (of which OCC discount)
Sub Total(A) 250.00 250.00 250.00 250.00 250.00

2. Short Term Borrowings from Others

3. Sundry Creditor (Trade) 19.00 24.00 29.00 34.00 39.00

4. Advance payments from customers/ deposits

from dealers

5. Provision for taxation 12.00 18.00 25.00 30.00 35.00

6. Dividend payable

7. Other statutory liabilities (due within one year)

8. Deposits/Instalments of term loans (due

within one year)

9. Other current liabilities

(a)
(b)
(c)
(d)

Sub Total (B) 31.00 42.00 54.00 64.00 74.00

10. TOTAL CURRENT LIABILITIES 281.00 292.00 304.00 314.00 324.00

TERM LIABILITIES

[Link]

[Link] shares

[Link] loans(excld instalments payable within

one year)

[Link] Payment Credits

[Link] Term Advances (repayable after one

year)
[Link] term liabilities

17. TOTAL TERM LIABILITIES

18. TOTAL OUTSIDE LIABILITIES [10+17] 281.00 292.00 304.00 314.00 324.00

NET WORTH

19. Capital 124.00 164.00 178.00 189.00 211.00

[Link] Reserves

[Link] application money

[Link] reserves (subsidy)

[Link] or deficit in Profit and loss A/c

[Link] (specify) (Deferred tax liability)

24. NET WORTH 124.00 164.00 178.00 189.00 211.00

25. TOTAL LIABILITIES 405.00 456.00 482.00 503.00 535.00

CURRENT ASSETS

[Link] and bank balances 5.00 6.00 7.00 8.00 10.00

27. Investments (other than long term

investments)
(i) Government and other Trustee Securities
(ii)Fixed deposits with Banks

28.(i) Receivables (Debtors < 6 months) other 55.00 65.00 80.00 90.00 100.00
than deferred and exports(including bills
purchased and discounted by banks)
(ii)Export receivables((including bills purchased
and discounted by banks)

29. Instalments of deferred receivables(due

within one year)

30. Inventory 240.00 280.00 290.00 300.00 320.00

(i) Raw Materials(including stores and other

items used in the process of manufacture)
a) Imported
b) Indigenous
(ii) Stocks-in-Process
(iii) Finished Goods 240.00 280.00 290.00 300.00 320.00
(iv) Other Consumables
a) Imported
b) Indigenous
(v) Packing Material
a) Imported
b) Indigenous

[Link] to suppliers of raw material, stores

and expenses.
[Link] payment of taxes

33. Other current Assets

(a) Excise deposits
(b) Int. receivable
(C) Misc.

34. TOTAL CURRENT ASSETS [total of 26 300.00 351.00 377.00 398.00 430.00
to 33]

FIXED ASSETS
[Link] Block 5.00 5.00 5.00 5.00 5.00
[Link] to date
37. NET BLOCK [35-36] 5.00 5.00 5.00 5.00 5.00

OTHER NON-CURRENT ASSETS

38. Investments/book debts/advances/deposits

which are not Current Assets
(i) a)Investments in subsidiary
companies/affiliates
b)others
(ii)Advances to suppliers of capital goods and
contractors
(iii)Deferred receivables (maturity exceeding one
yr)
(iv)others
(a) Debtors > 6 months
(b) Security Deposit 100.00 100.00 100.00 100.00 100.00

[Link]-consumables stores and spares

[Link] non-current assets

41. TOTAL OTHER NON-CURRENT 100.00 100.00 100.00 100.00 100.00

ASSETS

42. Intangible assets(patents, goodwill,prelim.

expenses, bad/doubtful [Link] provided for, etc.)

43. TOTAL ASSETS [34+37+41+42] 405.00 456.00 482.00 503.00 535.00

44. TANGIBLE NET WORTH [24-42] 124.00 164.00 178.00 189.00 211.00

45. NET WORKING CAPITAL 19.00 59.00 73.00 84.00 106.00

[(17+24)-(37+41+42)]

46. Current Ratio 1.07 1.20 1.24 1.27 1.33

47. Total Outside Liabilities/Tangible Net Worth 2.27 1.78 1.71 1.66 1.54

48. Total Term Liabilities/Tangible Net Worth

Difference [25-43]
 COMPARATIVE STATEMENT
Amounts in : Lakhs
Particulars 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Estimated Projected Projected Projected Projected
A. CURRENT ASSETS
1. Raw Materials(including stores and other used
in the process of mfg)
(a) Imported
Amount
Month's Consumption
(b) Indigenous :
Amount
Month's Consumption

2. Other Consumables
(a) Imported
Amount
Month's Consumption
(b) Indigenous :
Amount
Month's Consumption

3. Packing Material
(a) Imported
Amount
Month's Consumption
(b) Indigenous :
Amount
Month's Consumption

4. Stocks-in-process
Amount
Month's Cost of Production

5. Finished goods:
Amount 240.00 280.00 290.00 300.00 320.00
Month's Cost of Sales 8.86 3.03 2.60 2.25 1.99

6. Receivables other than export and deferred

receivables(including bill purchased and
discounted by banks)
Amount 55.00 65.00 80.00 90.00 100.00
Month's Domestic Sales 1.89 0.65 0.67 0.62 0.58

7. Export receivables(include bill purchased and

discount)
Amount
Month's Export Sales

8. Advances to Supplier
9. Other Current Assets (specify major Items) 5.00 6.00 7.00 8.00 10.00
Cash and Bank Balance 5.00 6.00 7.00 8.00 10.00
Investment except long term
Installment of Deferred receivables
Advance Payment of Taxes
Other
10. TOTAL CURRENT ASSETS 300.00 351.00 377.00 398.00 430.00

B. CURRENT LIABILITIES
(Other than bank borrowings for WC)

11. Creditors for purchase of raw materials, stores

and consumable spares
Amount 19.00 24.00 29.00 34.00 39.00
Month's Purchase 0.40 0.25 0.26 0.25 0.24

12. Advance from Customers/ SD

13. Statutory liabilities 12.00 18.00 25.00 30.00 35.00

14. Other Current liabilities-specify major items

(a) S.T. borrowings others
(b) Divident Payable
(c) Installment of TL,DGP and Public Deposits
(d) Other
(a)
(b)
(c)
(d)

15. TOTAL CURRENT LIABILITIES 31.00 42.00 54.00 64.00 74.00

 MPBF
Amounts in : Lakhs
Particulars 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Estimated Projected Projected Projected Projected
FIRST METHOD OF LENDING
1. Total Current Assets 300.00 351.00 377.00 398.00 430.00

2. Other Current Liabilities 31.00 42.00 54.00 64.00 74.00

(Other than Bank Borrowing)

3. Working Capital Gap 269.00 309.00 323.00 334.00 356.00

4. Min stipulated Net working capital (25% of 67.25 77.25 80.75 83.50 89.00
WCG excluding export receivables)

5. Actual / Projected Net Working Capital 19.00 59.00 73.00 84.00 106.00

6. Item 3 minus item 4 201.75 231.75 242.25 250.50 267.00

7. Item 3 minus item 5 250.00 250.00 250.00 250.00 250.00

8. Maximum Permissible Bank Finance 201.75 231.75 242.25 250.00 250.00

(lower of 6 or 7)

9. Excess Borrowing Representing shortfall in 48.25 18.25 7.75

NWC

SECOND METHOD OF LENDING

1. Total Current Assets 300.00 351.00 377.00 398.00 430.00

2. Other Current Liabilities 31.00 42.00 54.00 64.00 74.00

(Other than Bank Borrowing)

3. Working Capital Gap 269.00 309.00 323.00 334.00 356.00

4. Min stipulated Net working capital (25% of 75.00 87.75 94.25 99.50 107.50
Total of Current Assets excluding export
receivables)

5. Actual / Projected Net Working Capital 19.00 59.00 73.00 84.00 106.00

6. Item 3 minus item 4 194.00 221.25 228.75 234.50 248.50

7. Item 3 minus item 5 250.00 250.00 250.00 250.00 250.00

8. Maximum Permissible Bank Finance 194.00 221.25 228.75 234.50 248.50

(lower of 6 or 7)

9. Excess Borrowing Representing shortfall in 56.00 29.00 21.00 16.00 2.00

NWC
 FUNDS FLOW STATEMENT
Amounts in : Lakhs
PartiCulars 2025-2026 2026-2027 2027-2028 2028-2029
Projected Projected Projected Projected
1. SOURCES
(a) Net Profit 51.00 63.00 87.00 105.00

(b) Depriciation

(c) Increase in Capital -11.00 -49.00 -76.00 -83.00

(d) Increase in term liabilities,including public

deposit

(e) Decrease in
(i) Fixed Assets
(ii) Other Non Current Assets

(f) Other (income tax w/o)

(g) Total 40.00 14.00 11.00 22.00

2. USE

(a) Net loss

(b) Decrease in term liabilities, including public

deposits

(c) Increase in
(i) Fixed Assets
(ii) Other non-current Assets

(d) Dividend

(e) (i) Others (share application)

(ii) Decrease in general reserve
(net Deferred tax)

(f) Total

3. LONG TERM SURPLUS/DEFICIT 40.00 14.00 11.00 22.00

4. Increase / Decrease in Current Assets 51.00 26.00 21.00 32.00

5. Increase / Decrease in Current Liabilities 11.00 12.00 10.00 10.00

6. Increase / Decrease in Working Capital gap 40.00 14.00 11.00 22.00

7. Net Surplus / Deficit

8. Increase / Decrease in Bank Borrowings

INCREASE / DECREASE IN NET SALES 850.00 240.00 290.00 350.00

*Break-Up of (4)
(i) Increase / Decrease In Raw Material

(ii) Increase / Decrease in Stock in Process

(iii) Increase / Decrease in Finished Goods 40.00 10.00 10.00 20.00

(iv) Increase / Decrease in receivables

(a) Domestic 10.00 15.00 10.00 10.00
(b) Export

(v) Increase / Decrease in consumables

(a) Imported
(b) Indigenous

(vi) Increase / Decrease in packing Material

(vii) Increase / Decrease in other current assets 1.00 1.00 1.00 2.00

Total 51.00 26.00 21.00 32.00

 RATIO ANALYSIS
Amounts in : Lakhs
Particulars 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Estimated Projected Projected Projected Projected
% TO COST OF SALE

Sales 350.00 1200.00 1440.00 1730.00 2080.00

Other Revenue
Excise And Other Items
Net Sale 350.00 1200.00 1440.00 1730.00 2080.00

Raw Material 565.00 1150.00 1346.00 1610.00 1950.00

Consumables
Packing Material
Power and Fuel
Labour
Other MFG.
Increase in Stock-WIP
COP 565.00 1150.00 1346.00 1610.00 1950.00
Increase in Stock-FG -240.00 -40.00 -10.00 -10.00 -20.00
Total Exp 325.00 1110.00 1336.00 1600.00 1930.00

GP 25.00 90.00 104.00 130.00 150.00

Other Non Operating Income
Indirect Exp 6.00 14.00 16.00 18.00 20.00
Percent(%)

Interest 25.00 25.00 25.00 25.00

Depreciation
Non-Operating Exp.
Provision for tax
Net Profit 19.00 51.00 63.00 87.00 105.00

GROSS PROFIT RATIO 7.14 7.50 7.22 7.51 7.21

NET PROFIT RATIO 5.43 4.25 4.38 5.03 5.05

STOCK 240.00 280.00 290.00 300.00 320.00

Add: Debtors 55.00 65.00 80.00 90.00 100.00
Less: Creditors 19.00 24.00 29.00 34.00 39.00
NET PAID STOCK 276.00 321.00 341.00 356.00 381.00

MARGIN
DP 276.00 321.00 341.00 356.00 381.00
Bank Loan 250.00 250.00 250.00 250.00 250.00

Export Debtors
Margin
DP
Total DP 276.00 321.00 341.00 356.00 381.00

Less: DEFICIT OF UNPAID STOCK

NET 55.00 65.00 80.00 90.00 100.00
MARGIN
DP 55.00 65.00 80.00 90.00 100.00

TOTAL 276.00 321.00 341.00 356.00 381.00

CURRENT RATIO 1.07 1.20 1.24 1.27 1.33

MPBF 201.75 231.75 242.25 250.00 250.00
Total of Liabilities 405.00 456.00 482.00 503.00 535.00
Total of Assets 405.00 456.00 482.00 503.00 535.00
Difference in B/S

TOL/TNW 2.27 1.78 1.71 1.66 1.54

TTL/TNW

KEY RATIO
Growth in Net Sales 242.86 20.00 20.14 20.23
Growth in Net Profit 168.42 23.53 38.10 20.69
Growth in Net Worth 32.26 8.54 6.18 11.64

LIQUIDITY RATIO
Current Ratio 1.07 1.20 1.24 1.27 1.33
Quick Ratio 0.21 0.24 0.29 0.31 0.34
EFFICIENCY RATIO
Stock TurnOver Ratio 2.92 4.62 5.05 5.86 6.71
Total Assets TurnOver Ratio 0.86 2.63 2.99 3.44 3.89
Fixed Assets TurnOver Ratio 70.00 240.00 288.00 346.00 416.00
Current Assets TurnOver Ratio 1.17 3.42 3.82 4.35 4.84
Working Capital TurnOver Ratio 18.42 20.34 19.73 20.60 19.62
Capital TurnOver Ratio 2.82 7.32 8.09 9.15 9.86

PROFITABILITY RATIO
Gross Profit Ratio 7.14 7.50 7.22 7.51 7.21
Expenses Ratio
RM Consumed Ratio 161.43 95.83 93.47 93.06 93.75
Manufacturing Expenses Ratio
Indirect Expenses Ratio 1.71 1.17 1.11 1.04 0.96
Finance Expenses Ratio 2.08 1.74 1.45 1.20
Non Operating Expenses Ratio

Net Profit Ratio 5.43 4.25 4.38 5.03 5.05

Return on Capital Employed 15.32 31.10 35.39 46.03 49.76

SOLVENCY RATIO
Debt-Equity Ratio
Interest coverage ratio 3.04 3.52 4.48 5.20
DSCR 3.04 3.52 4.48 5.20
Holding Periods
Inventory Holding Period 269.54 92.07 79.23 68.44 60.52
Receivable Holding Period 57.36 19.77 20.28 18.99 17.55
Creditors Holding Period 21.34 7.89 7.92 7.76 7.38
 TURNOVER METHOD
Amounts in : Lakhs
Particulars 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Estimated Projected Projected Projected Projected
A. Turnover 350.00 1200.00 1440.00 1730.00 2080.00
B. 25.00% of (A) 87.50 300.00 360.00 432.50 520.00
C. Margin Required at 5.00% of (A) 17.50 60.00 72.00 86.50 104.00
D. Margin (NWC) 19.00 59.00 73.00 84.00 106.00
E. (B - C) 70.00 240.00 288.00 346.00 416.00
F. (B-D) 68.50 241.00 287.00 348.50 414.00
G. MPBF ( E or F whichever is lower) 68.50 240.00 287.00 346.00 414.00
H. Excess borrowing -1.00 -2.50