A BUSINESS PLAN ON

MENS HAIR SALON

STYLZ HAIR SALON

Towards partial fulfillment of MASTER OF BUSINESS ADMINISTRATION (MBA)

SUBMITTED BY:

MANVENDRA SINGH ROLL NO 120011140 1

SUBMITTED TO:

D!" MOHD" ANEES (D#!$%&'!()''!*#+,&'!) MBA (F-)) P!'.!,//$

(S$00#'+: 201212014)

INSTITUTE OF MANAGEMENT S)IEN)ES

MENS HAIR SALOON

LU)2NO3 UNIVERSITY TABLE OF )ONTENT

1" INTRODU)TION

2" PURPOSES

4" BUSINESS BA)2GROUND

4" ADMINISTRATION PLAN

10

6" MAR2ETING PLAN

21

" OPERATIONAL PLAN

25

7" FINAN)IAL PLAN

44

5" PROFORMA )ASH FLO3 STATEMENT

45

Page 2

MENS HAIR SALOON

INTRODU)TION

Page 3

MENS HAIR SALOON 1"0

1"1

I+&!'*8%&#'+
N,/$ '9 &:$ %'/;,+<

Stylz Hair Salon Vivek Khand, Gomtinagar, Lucknow 1"2 N,&8!$ '9 &:$ =80#+$00

Our company, Hair Beauty Salon have provide hair care services in order to ul il the needs and wants o community especially students! 1"4 I+*80&!< ;!'9#>$

Hair Beauty Salon is a partnership company that ocuses in providing hair care services at a orda"le and reasona"le price to our target market! 1"4 L'%,&#'+ '9 &:$ =80#+$00

Based on the research, we have ound a strategic area at Gomti #agar was the marketa"le place or us to commence the "usiness! $t is located at Vivek Khand, Gomti #agar, Lucknow! %urthermore, customer easy to get parking around this area and the "uilding are situated near the main road! 1"6 D,&$ '9 =80#+$00 %'//$+%$/$+&

Our "usiness started on & 'pril &()*! 1" F,%&'!0 #+ 0$>$%&#+. &:$ ;!';'0$* =80#+$00

Based on the o"servation and survey, we have decided to operate the Hair Beauty Salon "ecause it is a pro ita"le "usiness and easy to manage! Because o our target market are students, we did a research among the Lucknow students and we have ind out a great demand rom them! Besides that, it can create a healthy competition among the other salon!

Page 4

MENS HAIR SALOON

1"7 F8&8!$ ;!'0;$%& '9 &:$ =80#+$00

%or the uture o the "usiness, we have discussed to open up new "ranches especially nearest to the high education institution! $n addition, the "usiness can create +o" opportunity to the pro essional workers and also helps to develop the economy or our country!

Page 5

MENS HAIR SALOON

PURPOSE

Page 6

MENS HAIR SALOON

2"0 P8!;'0$0 '9 &:$ B80#+$00 P>,+

'mong the main purposes or our "usiness preparing a "usiness plan are, -o evaluate the pro+ect via"ility and growth potential -o act as guideline or the management o the proposed "usiness -o allocate "usiness resources e ectively ' detailed description o our new "usiness, including the company.s product and services, marketing plan, inancial statements and pro+ections and management principles! $ts list a company.s e/pected course o action or a speci ied period usually includes a detailed listing and analysis o risks and uncertainties! %or our "usiness, it should e/amine the proposed products and services, the market, the industry, the management policies, the marketing policies, production needs and inancial needs!

Page 7

MENS HAIR SALOON

BUSINESS BA)2GROUND

Page 8

MENS HAIR SALOON

4"0 BUSINESS BA)2GROUND , Stylz Hair Beauty Salon , Vivek Khand, Gomti #agar Lucknow , (2&&32244*5&5 ,stylz hairsalon7hotmail!com , Sole prop writer , 9rovide hair care services such as "low3drying, cutting, colouring and hair treatment :ate o ;egistration #um"er o ;egistration :ate o 0ommencement $nitial 0apital #ame o Bank Bank 'ccount #o! , & #ovem"er&()5 , 2)4424 , & 'pril &()* , ;s! *,2(,(((13 <'ppro/= , Bank o $ndia , (>5?)((()))@?@4

#ame o 0ompany 0ompany 'ddress -elephone1%a/ #um"er 63mail %orm o Business 8ain 'ctivity

Page 9

MENS HAIR SALOON

ADMINISTRATION PLAN

Page 10

MENS HAIR SALOON

4"0 A*/#+#0&!,&#'+ P>,+

4"1 I+&!'*8%&#'+ Stylz Hair Salon is a partnership "usiness orm to carry out the "usiness that provides services or hair care! Stylz Hair Salon will provide the "est hair care services or the target market! 'dministration is the management o pu"lic or "usiness a air! 'dministration is one o the important departments or parts o a "usiness in order to control and administer all the related work in the company! -his department is controlled the partners which has e/periences and knowledge a"out this ield! Besides that, there is also commitment rom the others to ensure the o"+ective can "e achieved "y the company! 4"2 V#0#'+ Stylz Hair Salon is set up to provide good Auality hair care and treatment services at a reasona"le price or customers! -his company also wants to e/pand the "usiness outside o Lucknow "y opening new "ranches within )( years a ter commencement! 4"4 M#00#'+ -o make pro it and increase the pro it year "y year! -o increase the num"er o customer day "y day!

Page 11

MENS HAIR SALOON

4"4 O=?$%&#@$ Be want to "e known and amous among the target market! -o give ull satis action to customer with e/cellent services! -o give an adeAuate return on investment to partners!

4"6

B80#+$00 A**!$00 Vivek Khand Gomti #agar Lucknow

Page 12

MENS HAIR SALOON

4" O!.,+#B,&#'+ ):,!&

G$+$!,> M,+,.$!

M,!A$&#+. M,+,.$!

A*/#+#0&!,&#'+ M,+,.$!

O;$!,&#'+0 M,+,.$!

H,#!*!$00$!

4"7

L#0& '9 A*/#+#0&!,&#'+ P$!0'++$>

Page 13

MENS HAIR SALOON

P'0#&#'+ General manager1Hairdresser 'dministration manager1Hairdresser 8arketing manager1Hair dresser Operations manager1Hair dresser 4"5 S%:$*8>$ '9 T,0A0 ,+* R$0;'+0#=#>#&#$0

N'" '9 P$!0'++$> ) ) ) )

P'0#&#'+ General manager 3

T,0A ,+* R$0;'+0#=#>#&#$0 Oversees all areas o the acility on day to day operations

3 3

Schedules all sta 8ake sure all sta is keeping their area operating as reAuired

-ry to solve all concerns "y mem"ers and sta

9romote health and wellness, educate mem"ers and recruit new mem"ers

'dministration manager

3 3

Other duties as assigned 0arrying out the administrative duties, using system and relevant processes to the organization

:esign

and

implement

sta

communication programs 3 8anage and order supplies within the "udget guidelines 3 9repare and review operational reports and schedules to ensure the accuracy
Page 14

MENS HAIR SALOON

and e iciency 3 9lan, administer and control "udgets or contracts, eAuipment 3 8onitor the acility to ensure that it remains sa e, secure, and well3

maintained 3 Oversee the maintenance and repair o machinery, eAuipment and mechanical 8arketing manager 3 systems ;esponsi"le or the design o marketing strategies or the irm 3 9inpoint potential markets that the irm can target 3 0ome up with e ective pricing to more

strategies

that will lead

pro ita"ility or the company and help in the consolidation o market share 3 8arketing managers track trends in the market and come up with products and services that will satis y new demands 3 -o advertise and promote our services and make them amous in the marketing Operational manager 3 "y using di erent techniAues :irect and coordinate activities o "usinesses or departments concerned with the production, pricing and sales

Page 15

MENS HAIR SALOON

3 ;eview inancial statements, sales and activity reports, and other per ormance data to measure productivity and goal achievement and to determine areas needing cost reduction and program improvement 3 8anage sta , preparing work schedules and assigning speci ic duties 3 :etermine sta ing reAuirements, and interview, hire and train new employees, or oversee those personnel processes 3 9lan and direct activities such as sales promotions, coordinating with other 3 3 department heads as reAuired! Hairdressers cut, style and colour hair 9rovide permanent wave, straightening and "leaching treatments 3 'dvise clients on pro"lem hair care hair and

Hairdresser

conditions, maintenance! 3 9rovide

proper

hair

e/tension,

wig

and

restorative services 3 ;esponsi"le or keeping their work area clean and their eAuipment health and sterile, sa ety

meeting standards

state

Page 16

MENS HAIR SALOON

4"C

S)HEDULE OF REMUNERATION

Page 17

MENS HAIR SALOON

MONTHLY POSITION NO" SALARY (R0) G6#6;'L 8'#'G6; O96;'-$O#' L 8'#'G6; ) )&(((

)*(((

%$#'#0$'L 8'#'G6;

)&(((

8';K6-$#G ) 8'#'G6; )&(((

-O-'L

2((((

Page 18

MENS HAIR SALOON

A>>'D,+%$0: $t is additional "ene its paid to workers! -hey are considered incentives to motivate and encourage workers to per orm their work "etter!

4"10

L#0& '9 '99#%$ $E8#;/$+& ,+* 08;;>#$0

T<;$0 Styling 0hair Styling Station Ctility -ray 9orta"le Bashing T'&,>

F8,+&#&< 5 5 5 &

P!#%$(8+#& (R0) 2((( &)2&( &((( 2(((

T'&,> (R0) )2((( 4*24( 4((( )(((( C0040

O ice %urniture T<;$0 So a -a"le

F8,+&#&< ) )

P!#%$(8+#& (R0) )(((( 52((

T'&,> (R0) )(((( 52((

Page 19

MENS HAIR SALOON

T'&,> 14600

Other 6/penses T<;$0 'ir3conditioner 8agazines :ust"in T'&,> F8,+&#&< & )( & P!#%$(8+#& (R0) @(((( )2(( &((( T'&,> (R0) )>(((( )2((( *((( 1CC00

4"11

A*/#+#0&!,&#'+ =8*.$&

ADMINISTRATIVE BUDGET M'+&:>< EG;"

P,!&#%8>,!0 Fixed Assets O ice %urniture

F"A00$&0

O&:$!0

T'&,>

),52(( 3 3

)5,2(( 3 3

Working Capital Salaries 2(((( 2((((

Page 20

MENS HAIR SALOON

8iscellaneous 2((( 3 3 Pre-Operations & Other Expenditure Other 6/penditure T'&,> 14600 66000 2,>54( 65H4 0 2>,54( 1H2 H5 0 2((( 3 3

Page 21

MENS HAIR SALOON

MAR2ETING PLAN

6"0 6"1

M,!A$&#+. P>,+ I+&!'*8%&#'+

8arketing is a process that is vital in a company to create values or customers and "uild relationships in order to attract customers to go or the services provided! $t is also the process o planning, e/ecuting the concept, pricing, promotion and distri"ution o ideas, products or services to create e/change that can satis y individuals and organizational o"+ectives! $t is a very important element to manage a company! 's a started o a new "usiness, the market condition and customersD demands have "een analysed! 'n analysis rom the marketing point o view is very important in order to make the "usiness can reach the sales target and pro it as well!

Page 22

MENS HAIR SALOON

-he status o marketing encompasses the entire "usiness! -he "usiness identi ies the needs and wants o the market or marketing plan! 8arketing plan involves the activities that are carries out systematically to encourage and increase the sales o products or services as long as the activities are in line with ethical and religious practices! -here ore, Hair Beauty Salon has developed some plans and strategies in order to introduce and in orm a"out the services provided to our target market! 6"2 M,!A$&#+. O=?$%&#@$

-he marketing concept rests on the philosophy that all activity must satis y the needs and wants o customer and to achieve the targeted pro it! Based on this concept, the o"+ective o company can "e satis ied! -he marketing o"+ective that needs to "e achieved are stated as ollows, Euality o services Be are aiming to provide Auality services through well trained workers and as well as the product that we used or hair care and treatment!

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MENS HAIR SALOON

0ustomer satis action Be are trying to identi y the customerDs needs and wants "ased on the analysis made! $t can "e success ully ul illed "y giving ull commitment when doing our +o"! -o encourage and improve our services -his can "e achieved "y preparing the e ective promotion and as well as the good "usiness environment! -o ensure our salon is well known 'll in ormation needed regarding to our salon will "e spreader through promotions and advertisement! -o ma/imize pro it 's all the o"+ectives stated a"ove are o"tained, our targeted pro it can "e reached at its ma/imum point!

Page 24

MENS HAIR SALOON

6"4 S$!@#%$ D$0%!#;&#'+

Stylz Hair Salon is a service type o "usiness which provides hair care and treatment to customer! Be are providing hair care services that are "ene icial to customer! -his is due to our good Auality services at the a orda"le price! Be are using hair care product that is ormulated "y using the natural ingredients such as traditional her"s and plants e/tracts these not only the uniAueness o our services! -here ore, we can easily attract the potential customer use our services! Besides that, a ter we did some research, we have identi ied a strategic location to open the "usiness! Be have decided to open the "usiness at Vivek Khand, Gomti #agar, Lucknow which is prime residential area! ! Be will open the "usiness 4 days per week! -he "usiness will "e closed on %riday and 9u"lic Holiday! 6"4 T,!.$& M,!A$&

Stylz Hair Salon has identi ied the target market "ased on the market segmentation which are residents rom the near residential area include the other potential "uyer that is ? kilometres diameter rom our "usiness premise! Be have chosen these target market "ecause nowadays, people are more sensitive towards the Auality o services and the price level due to the economics pro"lems! 6"6 F'!$%,0&#+. S,>$0 -he sales orecast is done on a monthly "asis or the irst year o "usiness and can "e used or e/tended to cover sales or the second and third year! -his section will o er a inancial overview o Hair Beauty Salon included the "reak3even analysis and sales orecast! S,>$0 9'!$%,0&0 -he irst month will "e used to set up the eAuipments that need in the saloon and hire and train the employees properly! -he instalment o the eAuipments will "e o icially done in the second month!

Page 25

MENS HAIR SALOON

M'+&: U+#&0 (;$';>$) Fanuary %e"ruary 8arch 'pril 8ay Fune Fuly 'ugust Septem"er Octo"er #ovem"er :ecem"er Y$,! 1 &'&,> 0,>$0 &5? &?& 5(4 5(2 &?2 &*@ &?@ 5(? 5)5 &@> &?5 &*4 44 0

S,>$0 R0 )> @4(( &) ?4(( &* *>(( &* *((( && (((( )@ @&(( && 5&(( &* 24(( &2 (*(( &5 >*(( &) >*(( )@ 4>(( 2 5 5000

6"

MAR2ETING STRATEGY

:eveloping marketing strategy is to ena"le "usiness to plan in order to achieve stated marketing o"+ectives! -he key idea o our "usiness is to deliver customer satis action yet provide "usiness with a competitive advantage! 8arketing strategy includes product, pricing, place or distri"ution and promotion strategy! 6"7"1 P!'*8%& 0&!,&$.< (0$!@#%$) Our product strategy is re erring to customer service! 'll o salonDs employees have "een trained in e/ceptional customer service! Be are o ering the "est Auality and up to date services due to customer satis action! Our services include shampoo treatment, re"onding, trim and cut and also colour and "leach!
Page 26

MENS HAIR SALOON

6"7"2 D#0&!#=8&#'+ 0&!,&$.< -he saloon is located at Vivek Khand, Gomtinagar where it is the strategic place "ecause it is near the main road and located at the industrial area! -he type o distri"ution channel that we used is called direct marketing channel consists o the "usiness selling directly to the customers! 6"7"4 P!#%#+. 0&!,&$.< -he price o the service is the amount o money charged to the customer or a particular purchase! Be have decided to use competition "ased pricing strategy! 6"7"4"1 )'/;$&#&#'+ B,0$* P!#%#+. G'#+. R,&$ P!#%#+. Be "ased our service price largely on the competitorDs prices! -he assumption is that customer +udges a productDs value on the prices competitorDs charge or their product! 6"7"4 P!'/'&#'+ 0&!,&$.< 9romotion strategy is used to disseminate in ormation a"out our companyDs services with the purpose o attracting the target market! -he promotion tools that we have decided to use is advertising "y "anner, pamphlet, and "rochures!

Page 27

MENS HAIR SALOON

6"5 M,!A$&#+. =8*.$& MAR2ETING BUDGET P,!&#%8>,!0 Fixed Assets Sign"oard Banners 9umplets )2,((( )&((( )?,*(( 3 3 3 Pre-Operations & Other Expenditure Other 6/penditure T'&,> 44H400 ??,&?( 77270 ??,&?( 1H0 H010 )2,((( )&,((( ),?*( 3 3 3 F"A00$&0 M'+&:>< EG;" O&:$!0 T'&,>

Page 28

MENS HAIR SALOON

OPERATION PLAN

Page 29

MENS HAIR SALOON

"0 OPERATIONAL PLAN "1 A%&#@#&< %:,!& 9'! :,#! &!$,&/$+& 0$!@#%$0

Page 30

MENS HAIR SALOON

"2 L,<'8&

Page 31

MENS HAIR SALOON

"4 M,&$!#,> ;>,++#+.

8aterial planning is important to determine the type and amount o materials need or services! Below is the list o materials reAuired rom the producer that will "e used in our hair care serviceG

"4"1

L#0& '9 /,&$!#,> !$E8#!$* #+ &:$ ';$!,&#'+ ;!'%$00

N'" ) & 5 * 2 4 ? > @

N,/$ '9 I+@$+&'!< Shampoo 0onditioner Hairspray ;oot Li ter Spray Gel 0urls Scrunching 8ousse Styling 0ream Sculpting Gel Hair :ye 0ream 3various colours Straightner -O-'L

F8,+&#&< !$E8#!$* ;$! /'+&: (8+#&) )( )( )( 2 )2 &( )( )2 )

P!#%$ ;$! 8+#& (RM) &2( &(( )>( &2( &&( )>( &(( &2( 2((

T'&,> A/'8+& (RM) &2(( &((( )>(( )&2( 55(( 54(( &((( 5?2( 2(( &(,?((

"4

M,%:#+$ ,+* $E8#;/$+& ;>,++#+.

T<;$0 Hair dryer Hair Steamer T'&,> 5 &

F8,+&#&<

P!#%$(8+#& (RM) )2(( 2(((

T'&,> (RM) *2(( )(((( 14600

"6

B80#+$00 ,+* ';$!,&#'+ :'8!0

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MENS HAIR SALOON

:ays 8onday H Bednesday %riday 3 Sunday -hursday %estivals <Holi I :iwali only= )( am H > pm )( am H @ pm 0losed 0losed 9eriod

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MENS HAIR SALOON

FINAN)IAL PLAN

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MENS HAIR SALOON

7"0 7"1 F#+,+%#,> P>,+ P!'?$%&$* EG;$+*#&8!$ ADMINISTRATIVE EIPENDITURE F#G$* A00$&0 Land I Building O ice %urniture 3'!A#+. ),;#&,> Salary 8iscellaneous O&:$! EG;$+*#&8!$ Other 'dministrative 6/penditure TOTAL ADMINISTRATIVE EIPENDITURE 2(,((( 2((( R0 )5,2((

2>,54( 1H2 H5 0

MAR2ETING EIPENDITURE F#G$* A00$&0 Sign"oard Banners 9umplets O&:$! EG;$+*#&8!$ Other 8arketing 6/penditure TOTAL MAR2ETING EIPENDITURE R0 )2,((( )&,((( )?*(

??&? ( 1H0 H010

7"2

P!'?$%&$* S,>$0 A+* P8!%:,0$0

Page 35

MENS HAIR SALOON

SALES PROJE)TION 8onth ) )>,@4( 8onth & &),?4( 8onth 5 &*,*>( 8onth * &*,*(( 8onth 2 &&,((( 8onth 4 )@,@&( 8onth ? &&,5&( 8onth > &*,24( 8onth @ &2,(*( 8onth )( &5,>*( 8onth )) &),>*( 8onth )& )@,4>( -otal Jear ) &4>,>(( -o-al Jear & &@2,4>( -otal Jear 5 5&2,&*>

PUR)HASE PROJE)TION 8onth ) &,(?( 8onth & ),4)* 8onth 5 ),4)* 8onth * &,(?( 8onth 2 ),4)* 8onth 4 ),4)* 8onth ? &,(?( 8onth > ),4)* 8onth @ ),4)* 8onth )( &,(?( 8onth )) ),4)* 8onth )& ),4)* -otal Jear ) &),)@& -o-al Jear & &&,>>> -otal Jear 5 &*,?)@

Page 36

MENS HAIR SALOON

7"4 O99#%$ F8!+#&8!$ D$;!$%#,&#'+ S%:$*8>$ O99#%$ F8!+#&8!$ 14600 S&!,#.:& L#+$ 5 Accumulated Depreciation 3 )4@ 55> 2(4 4?2 >** ),()5 ),)>) ),52(

Fixed Asset Cost ( s! "ethod E#onomi# $ife (%rs! Annual Year Depreciation 3 ) )4@ & )4@ 5 )4@ * )4@ 2 )4@ 4 )4@ ? )4@ > )4@

Book Value )52( ))>) )()5 >** 4?2 2(4 55> )4@ 3

S#.+=',!* D$;!$%#,&#'+ S%:$*8>$

Fixed Asset Cost ( "! "ethod E#onomi# $ife (%rs! Annual Year Depreciation ) & 5 * 2 4 ? > 3 )>> ( )>> ( )>> ( )>> ( )>> ( )>> ( )>> ( )>> (

S#.+=',!* 16000 S&!,#.:& L#+$ 5 Accumulated Depreciation 3 )>> ( 5?2 ( 245 ( ?2( ( @5> ( ),)&2 ( ),5)5 ( )2,(( (

Book Value ),2(( ( ),5)5 ( ),)&2 ( @5> ( ?2( ( 245 ( 5?2 ( )>> ( 3

Page 37

MENS HAIR SALOON

H,#! D!<$! D$;!$%#,&#'+ S%:$*8>$

Fixed Asset Cost ( s! "ethod E#onomi# $ife (%rs! Annual Year Depreciation ) & 5 * 2 4 ? > 3 24 24 24 24 24 24 24 24

H,#! D!<$! 460 S&!,#.:& L#+$ 5 Accumulated Depreciation 3 24 ))5 )4@ &&2 &>) 55> 5@* *2(

Book Value *2( 5@* 55> &>) &&2 )4@ ))5 24 3

H,#! S&$,/$! D$;!$%#,&#'+ S%:$*8>$

Fixed Asset Cost ( s! "ethod E#onomi# $ife (%rs! Annual Year Depreciation 3 ) )&2 & )&2 5 )&2 * )&2 2 )&2 4 )&2 ? )&2 > )&2

H,#! S&$,/$! 1H000 S&!,#.:& L#+$ 5 Accumulated Depreciation 3 )&2 &2( 5?2 2(( 4&2 ?2( >?2 ),(((

Book Value ),((( >?2 ?2( 4&2 2(( 5?2 &2( )&2 3

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MENS HAIR SALOON

PROFORMA )ASHFLO3 STATEMENT

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MENS HAIR SALOON

5"1 P$!9'!/, #+%'/$ 0&,&$/$+& S&<>B H,#! S,>''+ PRO1FORMA IN)OME STATEMENT Y$,! 1 2 5H500 Y$,! 2 2C6H 50 Y$,! 4 426H245

S,>$0 L$00: )'0& '9 S,>$0 Opening stock 9urchases Less, 6nding Stock 0arriage $nward I :uty G!'00 P!'9#& L$00: EG;$+*#&8!$ 'dministrative 6/penditure 8arketing 6/penditure Other 6/penditure Business ;egistration I Licences $nsurance I ;oad -a/ or 8otor Vehicle Other 9re3Operations 6/penditure $nterest on Hire39urchase $nterest on Loan :epreciation o %i/ed 'ssets Operations 6/penditure T'&,> EG;$+*#&8!$ N$& P!'9#& B$9'!$ T,G T,G N$& P!'9#& A9&$! T,G A%%8/8>,&$* N$& P!'9#&

&),)@&

&&,>>>

&*,?)@

*),?&* )4,*>> &*,@54 ?(

*),?&* )4,*>> &*,@54

*),?&* )4,*>> &*,@54

),445 54,>>> 142HC 1 126H54C 0 126H54C 126H54C

),445 54,>>> 144H657 161H0C4 0 161H0C4 27 HC42

),445 54,>>> 14 H415 175H540 0 175H540 466H7 2

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MENS HAIR SALOON

5"2 P$!9'!/, B,>,+%$ S:$$& S&<>B H,#! S,>''+ PRO1FORMA BALAN)E SHEET Y$,! 1 ASSETS N'+1)8!!$+& A00$&0 (B''A V,>8$) Land I Building O ice %urniture Y$,! 2 Y$,! 4

),)>)

),()5

>**

Sign"oard

),5)5

),)&2

@5>

Hair :ryer Hair Steamer 6Auipment O&:$! A00$&0 :eposit

5@* >?2 ?,>?@ )?(( )5,5*)

55> ?2( 4,?25 ),?(( )),4?> ( ( 5&2,&2* 5&2,&2* 44 HC42 4(,((( &?4,@5& 554,@5&

&>) 4&2 2,4&> ),?(( )(,()2 ( ( 2(2,?*? 2(2,?*? 616H7 2 4(,((( *22,?4& 2)2,?4&

)8!!$+& A00$&0 Stock o ;aw 8aterials Stock o %inished Goods 'ccounts ;eceiva"le 0ash Balance

( ( )?&,*@> )?&,*@> 156H54C 4(,((( )&2,>5@ )>2,>5@

TOTAL ASSETS OD+$!0K EE8#&< 0apital 'ccumulated 9ro it L'+.1T$!/ L#,=#>#&#$0 Loan Balance Hire39urchase Balance )8!!$+& L#,=#>#&#$0 'ccounts 9aya"le TOTAL EFUITY LIABILITIES

156H54C

44 HC42

616H7 2
Page 41

MENS HAIR SALOON

Page 42