 

 

 

 

 

 

 

 

Ss. Particulars Fiscal 2022 Fiscal 2023 Fiscal 2024
No.
(i) | Working Capital Funding from 1352.35 1352.35 1352.35
Bank
Gi)__ [Internal Accruals 3796.85 3796.85 3796.85
E. _ | Net Working Capital Requirement 1239.19 2826.06 4671.70
(E=C-D)
F. [Amount proposed to be utilized 1239.19 1,586.87 1,845.64
from Net proceeds

 

 

 

 

 

 

* As certified by GPHK & ASSOCIATES, Chartered Accountants pursuant to their certificate dated November 27, 2021

Pursuant to the certificate dated November 27, 2021 GPHK & ASSOCIATES, the Independent Chartered Accountant
has compiled and confirmed the working capital estimates and working capital projections, as noted by the board of
directors of our Company and approved by the board of directors of Optival pursuant to resolutions dated August 3,
2021 and August 3, 2021 respectively.

Assumptions for Working Capital Requirements:

The following table sets forth the details of the holding period (with days rounded to the nearest) considered:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S.No. Number of days Actuals Projections

Particulars Fiscal _] Fiscal 2020 | Fiscal 2021 | Fiscal 2022 | Fiscal 2023] Fiscal

2019 2024

A. Current assets.
1. Inventories 63.15 80.18 89.72 85.00 85.00 85.00
2 Financial assets
()___ | Trade receivables 1.33 0.70 0.61 1.00 1.00 1.00
(i) | Cash and bank balances 3.55 11.91 2.00 1.56 1.24 1.00
(ii) | Other bank balances 4.02 3.43 LAL 1.10 0.87 0.70
(iv) __| Other financial assets 1.56 1.48 4.29 5.00 5.00 5.00
8: Other current assets 1.49 1.02 0.79 2.00 2.00 2.00
B. Current liabilities
1. Financial liabilities
@ Borrowings - cash credits
(i) __| Borrowings - other loans
(iii) _ | Trade payables (Suppliers) other 27.82 29.79 23.00 23.00 23.00
(iv) _ | Trade payables (Others) MSME 0.04 0.15 0.02 0.02 0.02
(v)__ | Lease liability " 651 6.00 6.00 6.00
(vi) ___| Other financial liabilities 4.18 5.44 4.00 4.00 4.00
2. Other current liabilities 2.21 1.55 1.00 1.00 1.00
8: Provisions 1.27 2.08 1.00 1.00 1.00
4. Deferred revenue 3.24 1.67 1.00 1.00 1.00
5 Liabilities for current tax (net) 2 0.23 0.00 0.00 0.00

 

 

 

 

 

 

 

 

 

 

* As certified by GPHK & ASSOCIATES, Chartered Accountants pursuant to their certificate dated November 27, 2021

The working capital projections made by the Company are based on certain key assumptions, as set out below:

 

 

 

Particulars Assumptions and Justifications
Inventories Company had maintained the inventory between 63 - 90 days. This is required to have maximum fill
rate at the stores. Accordingly, assumed 85 days of inventory for the Fiscal ended March 31st, 2022,
2023 and 2024
Trade receivables Company had receivable days of around one day as most of the business is cash and carry. Accordingly

assumed one day of receivable for the Fiscal ended March 31st, 2022, 2023 and 2024

Cash and bank balances | Cash and bank balances consist of cash and cash equivalents, balances with banks and term deposits
with banks. Same balance is assumed for the Fiscal ended March 31st, 2022, 2023 and 2024

Other current assets Other current assets includes GST Receivables, Prepaid expenses & other financial assets. Company
had a holding period of one-two days and accordingly assumed two days for the Fiscal ended March
31st, 2022, 2023 and 2024

Trade payables Company had Trade payable days between 23 - 30 days. For better pricing from Vendors, assumed the
trade payable of 23 days for the Fiscal ended March 31st, 2022, 2023 and 2024

Other current liabilities | Other current liabilities include statutory liabilities and advance from customers. Company had around
one day of current liabilities and accordingly, assumed one day of current liabilities for Fiscal ended
March 31st, 2022, 2023 and 2024

 

 

 

 

 

 

 

 

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