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Drink & Think coffee bar is determined to become a daily necessity for local coffee addicts, a place to
dream of as you try to escape the daily stresses of life and just a comfortable place to meet your friends
or to read a book, all in one 24 hr. a day and 365 days in a year. With the growing demand for highquality gourmet coffee and great service, Drink & Think will capitalize on its proximity to the University of
Oregon campus to build a core group of repeat customers. Drink & Think will offer its customers the best
prepared coffee in the area that will be complimented with pastries, as well as free books that its patrons
can read to enjoy their visit.
The company will operate a 2,300 square foot coffee bar within a walking distance from the Maharashtra
Institute Of technology campus. The owners have secured this location through a three-year lease with an
option for extending. They have also provided 1, 25,000 of the required 4, 00,000 start-up funds. The
remaining capital will be obtained through Bank of India commercial loans.
The company is expected to grow sales revenue from Rs. 6, 00,000 in FY2012 to Rs.16, 33,500 in year
three. As Drink & Think will strive to maintain a 65% gross profit margin and reasonable operating
expenses, it will see net profits between Rs. 4, 50,000 to Rs. 6, 00,000 during the same period.
1.1 Objectives
Drink & Thinks objectives for the first year of operations are:
Become selected as the "Best New Coffee Bar in the area" by the local restaurant guide.
Store design that will be both visually attractive to customers, and designed for fast and efficient
operations.
Employee training to insure the best coffee preparation techniques.
Marketing strategies aimed to build a solid base of loyal customers, as well as maximizing the
sales of high margin products, such as espresso drinks.
1.3 Mission
Drink & Think will make its best effort to create a unique place where customers can socialize with each
other in a comfortable and relaxing environment while enjoying the best brewed coffee or espresso and
pastries in town. We will be in the business of helping our customers to relieve their daily stresses by
providing piece of mind through great ambience, convenient location, friendly customer service, and
products of consistently high quality. Drink & Think will invest its profits to increase the employee
satisfaction while providing stable return to its shareholders.
Company Summary
Drink & Think, a NJ group of co., sells coffee, other beverages and snacks in its 2,300 square feet
premium coffee bar located near the Maharashtra institute of technology campus. Drink & Think major
investor is Nitesh Jaiswal who cumulatively own over 54% of the company. The start-up loss of the
company is assumed in the amount of Rs. 68,000.
Legal expenses for obtaining licenses and permits as well as the accounting services totaling Rs.
25000
Marketing promotion expenses for the grand opening of Drink & Think in the amount of Rs.
145,000 and as well as flyer printing (22,000 flyers at Rs.1 per copy) for the total amount of
Rs.167,000
Consultants fees of 65,000 paid to NESCAFE Espresso Services for the help with setting up the
coffee bar.
Insurance (general liability, workers' compensation and property casualty) coverage at a total
premium of Rs. 85000.
Pre-paid rent expenses for one month at Rs. 25 per square feet in the total amount of Rs. 57,500.
Other start-up expenses including stationery (Rs,3700) and phone and utility deposits (Rs. 4400).
Operating capital in the total amount of Rs.1,72,000 which includes employees salaries of Rs.
1,50,000 for the first two months and cash reserves for the first three months of operation
(approximately Rs.22000 per month).
Coffee beans (12 regular brands and five decaffeinated brands) - Rs. 88000
Coffee filters, baked goods, salads, sandwiches, tea, beverages, etc. Rs. 1,12,000
Food service equipment (microwave, toasters, dishwasher, refrigerator, blender, etc.) Rs18,000
Counter area equipment (counter top, sink, ice machine, etc.) Rs.9,500
Funding for the company comes from two major sources--owners' investments and bank loans. Major
owner, Nitesh Jaiswal have contributed Rs. 8,10,000 respectively. All other investors have contributed
Rs,2,50,000 which brings the total investments to Rs.10,60,000. The remaining Rs.4,40,000 needed to
cover the start-up expenses and assets came from the two bank loans--a one-year loan in the amount of
Rs.1,55,000 and a long-term (five years) loan of Rs.2,85,000. Both loans were secured through the Bank
of India. Thus, total start-up loss is assumed in the amount of Rs.68000.
The following chart and table summarize the start-up assumptions.
Start-up Requirements
Start-up Expenses
Legal
Stationery etc.
Brochures
Consultants
Insurance
Rent
Rs.25,000
Rs.3,700
Rs.167,000
Rs.65,000
Rs.85,000
Rs.57,500
Remodeling
Other
Rs.1,35,000
Rs.4,400
Rs.542,600
Cash Required
Start-up Inventory
Rs.1,72,000
Rs.2,11,700
Rs.24,350
Rs.51,970
Total Assets
Total Requirements
Rs.76,320
Rs.1,24,320
Start-up Funding
Start-up Expenses to Fund
Rs.542,600
Rs.1,24,320
Rs.666,920
Assets
Non-cash Assets from Start-up
Rs.2,63,670
Rs.1,72,000
$0
Rs.1,72,000
Total Assets
Liabilities and Capital
Rs.6,07,670
Liabilities
Current Borrowing
Rs.1,55,000
Long-term Liabilities
Accounts Payable (Outstanding Bills)
Rs.2,85,000
$0
$0
Rs.4,40,000
Capital
Planned Investment
Nitesh Jaiswal
Rs.8,10,000
Rs.2,50,000
$0
Rs.15,00,000
(Rs.68000)
Total Capital
Total Capital and Liabilities
Rs.1,72,000
Rs.1,24,320
Total Funding
Rs.2,96,320
Products
Drink & Think will offer its customers the best tasting coffee beverages in the area. This will be achieved
by using high-quality ingredients and strictly following preparation guidelines. The store layout, menu
listings and marketing activities will be focused on maximizing the sales of higher margin espresso drinks.
Along with the espresso drinks, brewed coffee and teas, as well as some refreshment beverages, will be
sold in the coffee bar. Drink & Think will also offer its clients pastries, small salads and sandwiches. For
the gourmet clientele that prefers to prepare its coffee at home, Drink & Think will also be selling coffee
beans.
The menu offerings will be supplemented by free books and magazines that customers can read inside
the coffee bar.
The chart and table below outline the total market potential (in number of customers) of gourmet coffee
drinkers in pune.
Market Analysis
Potential Customers
Students and Faculty
Teenagers
Office workers
Other
Total
Year 1
Year 2
Year 3
Year 4
Year 5
Growth
2%
18,000
18,360
18,727
19,102
19,484
CAGR
2.00%
1%
2%
3,000
8,000
3,030
8,160
3,060
8,323
3,091
8,489
3,122
8,659
1.00%
2.00%
0%
1.63%
5,000
34,000
5,000
34,550
5,000
35,110
5,000
35,682
5,000
36,265
0.00%
1.63%
Drink & Think will position itself as unique coffee bar where its patrons can not only enjoy a cup of perfectly
brewed coffee but also spend their time in an ambient environment. Comfortable sofas and chairs, dimmed light and
quiet relaxing music will help the customers to relax from the daily stresses and will differentiate Drink & Think
from incumbent competitors.
Management Summary
Drink & Think is majority-owned by Nitesh Jaiswal. Mr. Jaiswal holds a PGDM degree from MIT-SOB. He
also owns a construction co., which he is profitably operating from last 3 years. Mr. Garfield has extensive
business contacts in pune and also being an alumni of MIT that he will leverage to help his new venture
succeed.
However, because of the investors' other commitments they will not be involved into the daily
management decisions at Drink & Think. A professional manager (Rs.2,40,000/yr) will be hired who will
oversee all the coffee bar operations. Two full-time baristas (Rs.1,20,,000/yr each) will be in charge of
coffee preparation. Four more part-time employees will be hired to fulfill the staffing needs. In the second
and third year of
Sales Forecast
operation one
Year 1
Year 2
Year 3 more part-time
Sales
employee will be
Coffee beverages
Rs.13,50,400
Rs.13,85,440
Rs.14,23,984 hired to handle
Coffee beans
Rs.1,87,600
Rs.1,96,360
Rs.2,05,996 the increased
Pastries, etc.
Rs.2,46,000
Rs.2,60,600
Rs.3,76,660 sales volume.
Total Sales
Direct Cost of Sales
Coffee beverages
Coffee beans
Pastries, etc.
Rs.17,84,000
Year 1
Rs.18,42,400
Year 2
Rs.20,06,640
Year 3
Rs.1,57,600
Rs.63,800
Rs.1,66,360
Rs.58,180
Rs.2,00,996
Rs.61,998
Rs.83,000
Rs.90,300
Rs.1,05,330
Rs.3,14,840
Subtotal Direct Cost of Sales
Rs.3,04,400
Rs.3,68,324
Personnel Plan
Year 1
Year 2
Year 3
Manager
Baristas
Rs.2,40,000
Rs.2,40,000
Rs.3,20,000
Rs.3,20,000
Rs.3,20,000
Rs.3,20,000
Employees
Total People
Rs.2,52,000
7
Rs.3,60,000
7
Rs.4,44,000
8
Total Payroll
Rs.7,32,000
Rs.1000000
Rs.1084,000
Financial Plan
Drink & Think will capitalize on the strong demand for high-quality gourmet coffee. The owners have
provided the company with sufficient start-up capital. With successful management aimed at establishing
and growing a loyal customer base, the company will see its net worth doubling in two years. Drink &
Think will maintain a healthy 65% gross margin, which combined with reasonable operating expenses, will
provide enough cash to finance further growth.
Year 1
1
Year 2
2
Year 3
3
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
Tax Rate
Other
25.42%
0
25.00%
0
25.42%
0
Plan Month
Year 2
Year 3
Rs.17,84,400
Rs.17,84,400
Rs.18,42,400
Rs.18,42,400
Rs.20,06,640
Rs.20,06,640
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.0
Rs.17,84,400
Year 1
Rs.18,42,400
Year 2
Rs.20,06,640
Year 3
Cash Received
Cash from Operations
Cash Sales
Subtotal Cash from Operations
Rs.7,32,000
Rs.10,00,000
Rs.10,84,000
Bill Payments
Subtotal Spent on Operations
Rs.3,27,865
Rs.10,59,865
Rs.3,88,715
Rs.13,88,715
Rs.4,20,945
Rs.1,504,945
Rs.0
Rs.0
Rs.0
Rs.3,300
Rs.0
Rs.3,300
Rs.0
Rs.3,300
Rs.0
Rs.0
Rs.0
Rs.3,585
Rs.0
Rs.3,961
Rs.0
Rs.0
Rs.0
Rs.2,000
Rs.0
Rs.2,000
Rs.0
Rs.1,063,165
Rs.1,784,400
Rs.1,397,600
Rs.1,842,400
Rs1, 510,245.
Rs.2,006,640
Rs.721,235
Rs.444,800
Rs.496,395
Break-even Analysis
Monthly Revenue Break-even
Rs.231,247
Assumptions:
Average Percent Variable Cost
35%
Rs.95,311
Rs.3,04,400
Rs.3,14,840
Rs.3,68,324
RS.1,479,600
65.00%
Rs.1,527,560
65.00%
Rs.1,638,316
65.00%
Expenses
Payroll
Rs.732,000
Rs.1,000,000
Rs.1,084,000
Rs.167,000
Rs.5,400
Rs.160,000
Rs.5,500
Rs.165,000
Rs.5,500
Rent
Maintenance
Rs.18000
Rs.15,840
Rs.18000
Rs.16,424
Rs.18000
Rs.17,066
Utilities/Phone
Payroll Taxes
Rs.9,000
Rs.18,690
Rs.9,500
Rs.21,570
Rs.10,000
Rs.23,272
Other
Total Operating Expenses
Rs.0
Rs.965,930
Rs.0
Rs.1,230,994
Rs.0
Rs.1,322,838
Rs.513,670
Rs.51,270
Rs.296,566
Rs.49,866
Rs.315,478
Rs.64,034
Interest Expense
Taxes Incurred
Rs.2,821
Rs.33,740
Rs.2,326
Rs.35,510
Rs.1,618
Rs.42,424
Net Profit
Net Profit/Sales
Rs.425,839
17.00%
Rs.208,864
16.58%
Rs.207,402
16.52%
7.6
Projected
Balance
Sheet
The company's
net worth is
expected to increase from approximately Rs.6, 00,000 by the end of FY2012 to approximately Rs. 16,
35,500 in FY2013. The table below summarizes the projected balance sheets for this period.
Year 2
Year 3
Cash
Inventory
Rs.195,358
Rs.21,175
Rs.296,358
Rs.23,293
Rs.417,648
Rs.25,622
Rs.0
Rs.216,533
Rs.0
Rs.319,651
Rs.0
Rs.443,270
Long-term Assets
Long-term Assets
Rs.59,170
Rs.61,170
Rs.63,170
Accumulated Depreciation
Total Long-term Assets
Rs.5,400
Rs.53,770
Rs.10,900
Rs.50,270
Rs.16,400
Rs.46,770
Rs.270,303
Year 1
Rs.369,921
Year 2
Rs.490,040
Year 3
Rs.31,974
Rs.31,947
Rs.34,836
Rs.6,700
Rs.0
Rs.3,400
Rs.0
Rs.100
Rs.0
Rs.38,674
Rs.20,000
Rs.35,347
Rs.16,415
Rs.34,936
Rs.12,454
Total Liabilities
Paid-in Capital
Rs.58,674
Rs.140,000
Rs.51,762
Rs.140,000
Rs.47,390
Rs.140,000
Retained Earnings
Earnings
(Rs.27,680)
Rs.99,308
Rs.71,628
Rs.106,530
Rs.178,159
Rs.124,491
Total Capital
Total Liabilities and Capital
Rs.211,628
Rs.270,303
Rs.318,159
Rs.369,921
Rs.442,650
Rs.490,040
Net Worth
Rs.211,628
Rs.318,159
Rs.442,650
Assets
Current Assets
Total Assets
Liabilities and Capital
Current Liabilities
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
Long-term Liabilities
Ratio Analysis
Sales Growth
Year 1
0.00%
Year 2
10.00%
Year 3
10.00%
7.83%
6.30%
5.23%
3.60%
0.00%
80.11%
0.00%
86.41%
0.00%
90.46%
35.60%
43.70%
19.89%
100.00%
13.59%
100.00%
9.54%
100.00%
56.30%
100.00%
Industry Profile
7.60%
Current Liabilities
Long-term Liabilities
14.31%
7.40%
9.56%
4.44%
7.13%
2.54%
32.70%
28.50%
Total Liabilities
Net Worth
21.71%
78.29%
13.99%
86.01%
9.67%
90.33%
61.20%
38.80%
Percent of Sales
Sales
100.00%
100.00%
100.00%
100.00%
Gross Margin
Selling, General & Administrative Expenses
65.00%
47.94%
65.00%
48.47%
65.00%
47.37%
60.50%
39.80%
Advertising Expenses
Profit Before Interest and Taxes
2.26%
23.27%
2.18%
22.47%
2.26%
23.85%
3.20%
0.70%
Main Ratios
Current
5.60
9.04
12.69
0.98
Quick
Total Debt to Total Assets
5.05
21.71%
8.38
13.99%
11.95
9.67%
0.65
61.20%
62.87%
49.22%
44.64%
38.40%
37.71%
34.06%
1.70%
4.30%
Additional Ratios
Net Profit Margin
Year 1
17.00%
Year 2
16.58%
Year 3
17.62%
n.a
Return on Equity
Activity Ratios
46.93%
33.48%
28.12%
n.a
10.91
11.25
10.11
12.17
10.11
12.17
n.a
n.a
Payment Days
Total Asset Turnover
27
2.16
30
1.74
29
1.44
n.a
n.a
Debt Ratios
Debt to Net Worth
0.28
0.16
0.11
n.a
0.66
0.68
0.74
n.a
Rs.177,858
48.16
Rs.284,304
62.07
RS.408,334
104.13
n.a
n.a
Inventory Turnover
Accounts Payable Turnover
0.46
0.58
0.69
n.a
14%
5.05
10%
8.38
7%
11.95
n.a
n.a
Sales/Net Worth
Dividend Payout
2.76
0.00
2.02
0.00
1.60
0.00
n.a
n.a
Appendix
Sales Forecast
Mon Mon Mon Mon Mon Mon Mon Mon Mon
th 1 th 2 th 3 th 4 th 5 th 6 th 7 th 8 th 9
Mon
th Mon Mon
10 th 11 th 12
Sale
s
Coff 0 Rs.2 Rs.2 Rs.2 Rs.2 Rs.2 Rs.2 Rs.2 Rs.2 Rs.2 Rs.3 Rs.3 Rs.3
ee
beve
rage
s
Coff
ee
bean
s
Pastr
ies,
etc.
Tota
l
Sale
s
Dire
ct
Cost
of
Sale
s
Coff
ee
beve
rage
s
Coff
ee
bean
s
Pastr
ies,
etc.
Subt
otal
Dire
ct
Cost
of
Sale
s
4,00 7,00 8,80 8,80 8,80 8,80 8,80 8,80 9,40 1,20 3,00 3,00
0
0
0
0
0
0
0
0
0
0
0
0
0 Rs.6,
% 000
Rs.1
0 0,00
%
0
Rs.6,
750
Rs.1
1,25
0
Rs.7,
200
Rs.1
2,00
0
Rs.7,
200
Rs.1
2,00
0
Rs.7,
200
Rs.1
2,00
0
Rs.7,
200
Rs.1
2,00
0
Rs.7,
200
Rs.1
2,00
0
Rs.7,
200
Rs.1
2,00
0
Rs.7,
350
Rs.1
2,25
0
Rs.7,
800
Rs.1
3,00
0
Rs.8,
250
Rs.1
3,75
0
Rs.8,
250
Rs.1
3,75
0
Rs.4 Rs.4 Rs.4 Rs.4 Rs.4 Rs.4 Rs.4 Rs.4 Rs.4 Rs.5 Rs.5 Rs.5
0,00 5,00 8,00 8,00 8,00 8,00 8,00 8,00 9,00 2,00 5,00 5,00
0
0
0
0
0
0
0
0
0
0
0
0
Mon
th Mon Mon
10 th 11 th 12
Rs.6, Rs.6, Rs.7, Rs.7, Rs.7, Rs.7, Rs.7, Rs.7, Rs.7, Rs.7, Rs.8, Rs.8,
000 750 200 200 200 200 200 200 350 800 250 250
Rs.3, Rs.3, Rs.3, Rs.3, Rs.3, Rs.3, Rs.3, Rs.3, Rs.3, Rs.3, Rs.4, Rs.4,
000 375 600 600 600 600 600 600 675 900 125 125
Rs.5, Rs.5, Rs.6, Rs.6, Rs.6, Rs.6, Rs.6, Rs.6, Rs.6, Rs.6, Rs.6, Rs.6,
000 625 000 000 000 000 000 000 125 500 875 875
Rs.1 Rs.1 Rs.1 Rs.1 Rs.1 Rs.1 Rs.1 Rs.1 Rs.1 Rs.1 Rs.1 Rs.1
4,00 5,75 6,80 6,80 6,80 6,80 6,80 6,80 7,15 8,20 9,25 9,25
0
0
0
0
0
0
0
0
0
0
0
0
Personnel Plan
Man
ager
Bari
stas
Emp
loye
es
Tota
l
Peo
ple
Tota
l
Payr
oll
Mon
th 4
Rs.2
00,0
00
Rs.2
00,0
00
Rs.2
80,0
00
Mon
th 5
Rs.2
00,0
00
Rs.2
00,0
00
Rs.2
80,0
00
Mon
th 6
Rs.2
00,0
00
Rs.2
00,0
00
Rs.2
80,0
00
Mon
th 7
Rs.2
00,0
00
Rs.2
00,0
00
Rs.2
80,0
00
Mon
th 8
Rs.2
00,0
00
Rs.2
00,0
00
Rs.2
80,0
00
Mon Mon
th 9 th 10
Rs.2 Rs.2
00,0 00,0
00 00
Rs.2 Rs.2
00,0 00,0
00 00
Rs.2 Rs.2
80,0 80,0
00 00
Mon Mon
th 11 th 12
Rs.2 Rs.2
00,0 00,0
00 00
Rs.2 Rs.2
00,0 00,0
00 00
Rs.2 Rs.2
80,0 80,0
00 00
Rs.6 Rs.6 Rs.6 Rs.6 Rs.6 Rs.6 Rs.6 Rs.6 Rs.6 Rs.6 Rs.6 Rs.6
8,00 8,00 8,00 8,00 8,00 8,00 8,00 8,00 8,00 8,00 8,00 8,00
0
0
0
0
0
0
0
0
0
0
0
0
General Assumptions
Mon Mon Mon
th 1 th 2 th 3
Plan
Mon
th
1
2
3
Curr
ent
Inter
est
10.0 10.0 10.0
Rate
0% 0% 0%
Long
term
Inter
est
10.0 10.0 10.0
Rate
0% 0% 0%
Tax
30.0 25.0 25.0
Rate
0% 0% 0%
Othe
r
0
0
0
10
11
12
Sales
Direct
Cost of
Sales
Other
Total
Cost of
Sales
Gross
Margin
Gross
Margin
%
Expens
es
Payroll
Sales
and
Marketi
ng and
Other
Expense
s
Depreci
ation
Rent
Mainten
ance
Utilities
/Phone
Payroll
Taxes
Other
Total
Operati
ng
Expens
es
Mont Mont Mont Mont Mont Mont Mont Mont Mont Mont Mont Mont
h1
h2
h3
h4
h5
h6
h7
h8
h 9 h 10 h 11 h 12
Rs.14 Rs.14 Rs.10 Rs.10 Rs.12 Rs.12 Rs.16 Rs.16 Rs.18 Rs.11 Rs.11 Rs.11
8,700 8,700 0,700 0,700 0,000 0,000 5,000 5,000 5,000 5,200 5,200 5,200
Rs.30, Rs.30, Rs.17, Rs.17, Rs22, Rs.22, Rs.32, Rs.33, Rs.35, Rs.20, Rs.20, Rs.20,
367 367 800 800 800 800 800 766 150 250 250 250
Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0
Rs.30 Rs.30, Rs.17 Rs.17 Rs22, Rs.22 Rs.32 Rs.33 Rs.35 Rs.20 Rs.20 Rs.20,
,367 367 ,800 ,800 800 ,800 ,800 ,766 ,150 ,250 ,250 250
Rs.11 Rs.11 Rs.82, Rs.82, Rs.97, Rs.97, Rs.13 Rs.13 Rs.14 Rs.,94 Rs.94, Rs.94,
8,333 8,333 900 900 200 200 2,200 2,200 9,850 ,950 950 950
65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00
%
%
%
%
%
%
%
%
%
%
%
%
Rs.68, Rs.68, Rs.68, Rs.68, Rs.68, Rs.68, Rs.68, Rs.68, Rs.68, Rs.68, Rs.68, Rs.68,
000 000 000 000 000 000 000 000 000 000 000 000
Rs.2,1
50
Rs.45
0
Rs.15,
000
Rs.48
0
Rs.75
0
Rs.1,5
58
Rs.0
Rs.2,1
50
Rs.45
0
Rs.15,
000
Rs.48
0
Rs.75
0
Rs.1,5
58
Rs.0
Rs.2,1
50
Rs.45
0
Rs.15,
000
Rs.48
0
Rs.75
0
Rs.1,5
58
Rs.0
Rs.2,1
50
Rs.45
0
Rs.15,
000
Rs.48
0
Rs.75
0
Rs.1,5
58
Rs.0
Rs.2,1
50
Rs.45
0
Rs.15,
000
Rs.55
0
Rs.75
0
Rs.1,5
58
Rs.0
Rs.2,1
50
Rs.45
0
Rs.15,
000
Rs.55
0
Rs.75
0
Rs.1,5
58
Rs.0
Rs.16 Rs.20, Rs.20 Rs.20 Rs.20 Rs.20 Rs.20 Rs.20 Rs.20 Rs.20 Rs.20 Rs.20,
,191 641 ,671 ,671 ,671 ,671 ,671 ,671 ,681 ,711 ,741 741
Profit
Before
Interest
and
Taxes
EBITD
A
Interest
Expense
Taxes
Incurred
Net
Profit
Net
Profit/S
ales
Rs.9,8 Rs.8,6
09
09
Rs.10, Rs.9,0
259
59
Rs.24 Rs.24
8
5
Rs.2,8 Rs.2,0
68
91
Rs.6, Rs.6,2
693
73
Rs.10,
529
Rs.10,
979
Rs.24
3
Rs.2,5
72
Rs.7,
715
Rs.10,
529
Rs.10,
979
Rs.24
1
Rs.2,5
72
Rs.7,
716
Rs.10,
529
Rs.10,
979
Rs.23
9
Rs.2,5
73
Rs.7,
718
Rs.10,
529
Rs.10,
979
Rs.23
6
Rs.2,5
73
Rs.7,
720
Rs.10,
529
Rs.10,
979
Rs.23
4
Rs.2,5
74
Rs.7,
721
Rs.15,
009
Rs.15,
459
Rs.22
5
Rs.3,6
96
Rs.11,
088
Rs.15,
009
Rs.15,
459
Rs.22
3
Rs.3,6
97
Rs.11,
090
16.73 13.94 16.07 16.08 16.08 16.08 16.09 16.09 16.74 18.55 20.16 20.16
%
%
%
%
%
%
%
%
%
%
%
%
Tax,
VAT,
HST/G
ST
Receiv
ed
0%
New
Current
Borrow
ing
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New
Other
Liabilit
ies
(interes
t-free)
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New
Longterm
Liabilit
ies
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales
of
Other
Current
Assets
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales
of
Longterm
Assets
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New
Invest
ment
Receiv
ed
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtot
al
Cash
$40
Receiv
,00 $45, $48, $48, $48, $48, $48, $48, $49, $52, $55, $55,
ed
0 000 000 000 000 000 000 000 000 000 000 000
Mo
Mon Mon Mon
Expen
nth Mon Mon Mon Mon Mon Mon Mon Mon th th th
ditures
1 th 2 th 3 th 4 th 5 th 6 th 7 th 8 th 9 10 11 12
Expend
itures
from
Operati
ons
Cash
Spendi
ng
Bill
Payme
nts
Subtot
al
Spent
on
Operat
ions
Additio
nal
Cash
Spent
Sales
Tax,
VAT,
HST/G
ST
Paid
Out
Princip
al
Repay
ment of
Current
Borrow
ing
Other
Liabilit
ies
Princip
al
Repay
ment
Longterm
Liabilit
$10
,38 $10, $10, $10, $10, $10, $10, $10, $10, $10, $10, $10,
3 383 383 383 383 383 383 383 383 383 383 383
$72 $22, $29, $30, $29, $29, $29, $29, $29, $30, $32, $34,
8 112 845 569 450 449 447 445 474 424 727 195
$11, $32, $40, $40, $39, $39, $39, $39, $39, $40, $43, $44,
112 496 228 952 834 832 830 829 857 808 110 578
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$27
5 $275 $275 $275 $275 $275 $275 $275 $275 $275 $275 $275
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
ies
Princip
al
Repay
ment
Purcha
se
Other
Current
Assets
Purcha
se
Longterm
Assets
Divide
nds
Subtot
al
Cash
Spent
Net
Cash
Flow
Cash
Balanc
e
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$11, $32,
387 771
$28
,61 $12,
3 229
$95
,73 $107
6 ,966
$40, $41, $40, $40, $40, $40, $40, $41, $43, $44,
503 227 109 107 105 104 132 083 385 853
$7,4 $6,7 $7,8 $7,8 $7,8 $7,8 $8,8 $10, $11, $10,
97 73 91 93 95 96 68 917 615 147
$115 $122 $130 $138 $145 $153 $162 $173 $185 $195
,462 ,235 ,127 ,020 ,914 ,811 ,679 ,596 ,211 ,358
6
2
5
7
0
4
1
9
6
1
8
Inven $16, $15, $17, $18, $18, $18, $18, $18, $18, $18, $20, $21, $21,
tory
027 400 325 480 480 480 480 480 480 865 020 175 175
Other
Curre
nt
Asset
s
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total
Curre
nt
$11 $12 $13 $14 $14 $15 $16 $17 $18 $19 $20 $21
Asse $83, 1,13 5,29 3,94 0,71 8,60 6,50 4,39 2,29 1,54 3,61 6,38 6,53
ts
150
6
1
2
5
7
0
4
1
4
6
6
3
Longterm
Asset
s
Longterm
Asset $59, $59, $59, $59, $59, $59, $59, $59, $59, $59, $59, $59, $59,
s
170 170 170 170 170 170 170 170 170 170 170 170 170
Accu
mulat
ed
Depr
eciati
$45 $90 $1,3 $1,8 $2,2 $2,7 $3,1 $3,6 $4,0 $4,5 $4,9 $5,4
on
$0
0
0 50 00 50 00 50 00 50 00 50 00
Total
Long
-term
Asse $59, $58, $58, $57, $57, $56, $56, $56, $55, $55, $54, $54, $53,
ts
170 720 270 820 370 920 470 020 570 120 670 220 770
Total $14 $16 $18 $19 $19 $20 $21 $22 $22 $23 $24 $26 $27
Asse 2,32 9,85 3,56 1,76 8,08 5,52 2,97 0,41 7,86 6,66 8,28 0,60 0,30
ts
0
6
1
2
5
7
0
4
1
4
6
6
3
Liabil
ities
and
Mo Mo Mo Mo Mo Mo Mo Mo Mo Mo Mo Mo
Capit
nth nth nth nth nth nth nth nth nth nth nth nth
al
1
2
3
4
5
6
7
8
9 10 11 12
Curre
nt
Liabili
ties
Acco
unts
Paya
$21, $28, $29, $28, $28, $28, $28, $28, $29, $31, $33, $31,
ble
$0 118 825 587 469 467 465 464 462 335 586 092 974
Curre
nt
Borro $10, $9,7 $9,4 $9,1 $8,9 $8,6 $8,3 $8,0 $7,8 $7,5 $7,2 $6,9 $6,7
wing 000 25 50 75 00 25 50 75 00 25 50 75 00
Other
Curre
nt
Liabili
ties
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subt
otal
Curre
nt
Liabil $10, $30, $38, $38, $37, $37, $36, $36, $36, $36, $38, $40, $38,
ities 000 843 275 762 369 092 815 539 262 860 836 067 674
Longterm
Liabili $20, $20, $20, $20, $20, $20, $20, $20, $20, $20, $20, $20, $20,
ties
000 000 000 000 000 000 000 000 000 000 000 000 000
Total
Liabil $30, $50, $58, $58, $57, $57, $56, $56, $56, $56, $58, $60, $58,
ities 000 843 275 762 369 092 815 539 262 860 836 067 674
Paidin
$14 $14 $14 $14 $14 $14 $14 $14 $14 $14 $14 $14 $14
Capit 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
al
0
0
0
0
0
0
0
0
0
0
0
0
0
Retai
ned ($27 ($2 ($2 ($2 ($2 ($2 ($2 ($2 ($2 ($2 ($2 ($2 ($2
Earni ,680 7,68 7,68 7,68 7,68 7,68 7,68 7,68 7,68 7,68 7,68 7,68 7,68
ngs
) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0)
Earni
$6,6 $12, $20, $28, $36, $43, $51, $59, $67, $77, $88, $99,
ngs
$0 93 966 680 397 115 834 556 279 484 130 218 308
Total $11 $11 $12 $13 $14 $14 $15 $16 $17 $17 $18 $20 $21
Capit 2,32 9,01 5,28 3,00 0,71 8,43 6,15 3,87 1,59 9,80 9,45 0,53 1,62
al
0
3
6
0
7
5
4
6
9
4
0
8
8
Total $14 $16 $18 $19 $19 $20 $21 $22 $22 $23 $24 $26 $27
Liabil 2,32 9,85 3,56 1,76 8,08 5,52 2,97 0,41 7,86 6,66 8,28 0,60 0,30
ities
0
6
1
2
5
7
0
4
1
4
6
6
3
and
Capit
al
Net
$11 $11 $12 $13 $14 $14 $15 $16 $17 $17 $18 $20 $21
Wort 2,32 9,01 5,28 3,00 0,71 8,43 6,15 3,87 1,59 9,80 9,45 0,53 1,62
h
0
3
6
0
7
5
4
6
9
4
0
8
8