 

Particulars

No of days for the Fiscal ended

 

 

 

 

 

 

 

 

 

March 31, March 31, March3i, | March31,2022 | March 31, 2023
2019 (Actual) | 2020 (Actual) | 2021 (Actual) (Assumed) (Assumed)
a) Financial
liabilities
i Trade 18 10 16 10 9
payables
ii. Other 2 3 = 4 2
financial
liabilities
b) Provisions 1 3 5 4 2
c) Other current 6 5 17 12 7
liabilities
qd) Current tax 0 0 3 0 0
liabilities

 

 

 

 

 

Note: As certified by the Independent Chartered Accountant by way of its certificate dated October 30, 2021.

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

 

 

 

Particulars Assumptions and Justifications
Current Assets
Inventories Raw materials: We maintain raw material inventory for 22 - 17 days between March 31,

2020 to March 31, 2021. This is required to ensure uninterrupted production. Accordingly,
we have assumed 22 - 20 days of raw material inventory for the Fiscal ended March 31, 2022
and 2023.

Finished goods: In order to achieve cost competitiveness and shorter lead times through
constant innovation, we need to maintain efficient finished goods inventory levels. From
March 31, 2020 to March 31, 2021 our finished goods days ranged between 77 - 101 days,
which we assume to continue on the levels of 88-70 days for the Fiscal ended March 31,
2022 and 2023.

 

Trade receivables

Our Company had 52 - 69 days of receivables between March 31, 2020 to March 31, 2021,
which we assume to be maintained at levels of 52-48 days for Fiscal ended March 31, 2022
and 2023.

 

Margin Money Deposit

Margin Money deposits are computed from the Restated Financial Information. Our
Company has assumed the holding level for margin money deposits as 4 and 9 days of
revenue from operations for the Fiscal ended March 31, 2020 and March 31, 2021,
respectively. Margin Money Deposits have been maintained in line with projected sale for
the Fiscals 2022 and 2023.

 

Other financial assets

Other financial assets are computed from the Restated Financial Information. Our Company
has assumed the holding level for other financial assets as 5 and 10 days of revenue from
operations for the Fiscal ended March 31, 2020 and March 31, 2021, respectively. Other
financial assets have been maintained in line with the projected business activity for the
Fiscals 2022 and 2023.

 

Other current assets

Other current assets are computed from the Restated Financial Information. Our Company
has assumed the holding level for other current assets as 17 and 39 days of revenue from
operations for the Fiscal ended March 31, 2020 and March 31, 2021, respectively. Other
current assets have been maintained in line with the projected business activity for the Fiscals
2022 and 2023.

 

Current liabilities

 

Trade payables

Our trade payables have a direct correlation to our business growth. Holding levels for trade
payables is computed from the Restated Financial Information. Our Company has assumed
the holding level for trade payables as 10 and 16 days of revenue from operations for the
Fiscal ended March 31, 2020 and March 31, 2021, respectively. Trade payables levels have
been projected in line with projected sale for the Fiscals 2022 and 2023.

 

Other financial liabilities

Other financial liabilities are computed from the Restated Financial Information. Our
Company has assumed the holding level for other financial liabilities as 3 and 5 days of
revenue from operations for the Fiscal ended March 31, 2020 and March 31, 2021,
respectively. Other financial liabilities have been maintained in line with the projected
business activity for the Fiscals 2022 and 2023.

 

Provisions

Provisions are computed from the Restated Financial Information. Our Company has
assumed the holding level for provisions as 4 and 2 days of revenue from operations for the
Fiscals 2022 and 2023, respectively.

 

Other current liabilities

 

Other current liabilities are computed from the Restated Financial Information. Our
Company has assumed the holding level for other current liabilities as 5 and 17 days of
revenue from operations for the Fiscal ended March 31, 2020 and March 31, 2021,

 

 

101

 

 
