Group No 4

CEO Jose maria titular MS19EB001

Group Members Vishwa pan MS19CMM078
Sahib kaur MS19CMM038
Parth chopra MS19GF012
SBR Details Chemalite Inc.
 Income Statement of Chemalite Inc.
as on 30th june 2003
Particulars Amount
Revenue 0
COGS (WN1) 0
Gross Profit 0

OPEX
Miscellaneous Expenses -7500
Research and development expenses (WN2) 0
Salary Expenses 0
Advertising Expense 0
Total Operating Expenses -7500

Operating Profit (EBIDTA) -7500

Net Income (EBT) -7500

Balance Sheet of Chemalite Inc

as on 30th une 2003

Particulars Jun-03
ASSETS
Current Assets
Cash 230,000
Inventory 75,000
Accounts Recievables 0
Total current assets 305000

Non-current Assets
Machinery 62,500
Intangible Assets : Patent 125,000
Total Non-Current Assets 187,500
Total Assets 492,500

EQUITY AND LIABILITIES

StockHolders Equity
Common Stock Capital 500,000
Retained Earnings -7,500
Total Stockholders Equity 492500

Non-Current Liabilities
Current Liabilities
Total Stockholder's Equity and Liabilities 492500

Statement of Cash Flow

for uptil June 2003

Operating Activities
Cash paid for incorporating expenses -7,500
Cash purchase of inventory -75,000
Total Cash Flow from Operating Expenses -82,500

Investing Activities
Purchase of Machinery -62,500
Total Cash Flow from Investing Activities -62,500

Financial Activities
Issue of Common Stock 375,000
Total Cash Flow from Financing Activities 375,000

Net Cash Flow from activities 230000

Add: Opening Cash Balance 0
Ending Cash Balance 230000
 Income Statement of Chemalite Inc.
For year ending December2003

Particulars % of sales
Revenue 754500 100.00%
COGS -545000 -72.23%
Gross Profit 209500 27.77%

OPEX
Miscellaneous Expenses
Research and development expenses -23750 -3.15%
Salary Expenses -80000 -10.60%
Advertising Expense -22500 -2.98%
Total Operating Expenses -126250 -16.73%

Operating Profit (EBIDTA) 83250 11.03%

Depriciation Expenses -10625 -1.41%

Ammortisation Expenses -25000 -3.31%
EBIT 47625 6.31%
Interest paid on loan -750 -0.10%
Net Income (EBT) 46875 0.00%

Raw Materials used -195000

Labou and overhead expenses -350000

The salaries paid to consulting engineer who delivered the prototypes is accounted as a researh and

Ammortisation has been provided on revenue generating life of the patent i.e. 5 years

Balance Sheet of Chemalite Inc

as on 30th December 2003

Particulars 2003
ASSETS
Current Assets
Cash 113000
Inventory 55000
 Accounts Recievables 69500
Total current assets 237500

Non-current Assets
Machinery 201,875
Intangible Assets : Patent 100,000
Total Non-Current Assets 301,875
Total Assets 539,375

EQUITY AND LIABILITIES

StockHolders Equity
Common Stock Capital 500000
Retained Earnings 39,375
Total Stockholders Equity 539375

Non-Current Liabilities 0
Current Liabilities 0
Total Stockholder's Equity and Liabilities 539375

Statement of Cash Flow

for the year ending December 2003

Operating Activities
Research and development expense -23,750
cash from sales 685,000
purhase of inventory -175,000
advertising expenses -22,500
Labour wages paid -350,000
salaries paid -80,000
interest paid -750
Total Cash Flow from Operating Expenses 33,000

Investing Activities
Purchase of Machinery -150,000
Total Cash Flow from Investing Activities -150,000

Financial Activities
Cash received against loan 50,000
loan repaid -50,000
Total Cash Flow from Financing Activities 0
Net Cash Flow from activities -117000
Add: Opening Cash Balance 230000
Ending Cash Balance 113000
nted as a researh and develpoment expenses
 Income Statement of Chemalite Inc.
For year ending December2003

Particulars % of sales
Revenue 754500 100.00%
COGS -545000 -72.23%
Gross Profit 209500 27.77%

OPEX
Miscellaneous Expenses -7500 -0.99%
Research and development expenses (WN2) -23750 -3.15%
Salary Expenses -80000 -10.60%
Advertising Expense -22500 -2.98%
Total Operating Expenses -133750 -17.73%

Operating Profit (EBIDTA) 75750 10.04%

Depriciation Expenses -10625 -1.41%

Ammortisation Expenses (WN3) -25000 -3.31%
EBIT 40125 5.32%
Interest paid on loan -750 -0.10%
Net Income (EBT) 39375 5.22%

Raw Materials used -195000

Labou and overhead expenses -350000

The salaries paid to consulting engineer who delivered the prototypes is accounted as a researh and

Ammortisation has been provided on revenue generating life of the patent i.e. 5 years

Balance Sheet of Chemalite Inc

as on 30th December 2003

Particulars 2003
ASSETS
Current Assets
Cash 113000
Inventory 55000
 Accounts Recievables 69500
Total current assets 237500

Non-current Assets
Machinery 201,875
Intangible Assets : Patent 100,000
Total Non-Current Assets 301,875
Total Assets 539,375

EQUITY AND LIABILITIES

StockHolders Equity
Common Stock Capital 500000
Retained Earnings 39,375
Total Stockholders Equity 539375

Non-Current Liabilities 0
Current Liabilities 0
Total Stockholder's Equity and Liabilities 539375

Statement of Cash Flow

for the year ending December 2003

Operating Activities
Cash paid for incorporating expenses -7,500
Cash purchase of inventory -250,000
Research and development expense -23,750
cash from sales 685,000
advertising expenses -22,500
Labour wages paid -350,000
salaries paid -80,000
interest paid -750
Total Cash Flow from Operating Expenses -49,500

Investing Activities
Purchase of Machinery -212,500
Total Cash Flow from Investing Activities -212,500

Financial Activities
Issue of Common Stock 375,000
Cash received against loan 50,000
loan repaid -50,000
Total Cash Flow from Financing Activities 375,000

Net Cash Flow from activities 113000

Add: Opening Cash Balance 0
Ending Cash Balance 113000
unted as a researh and develpoment expenses
 Income Statement of Chemalite Inc. (?% of sales)
For year ending December2003

Particulars 2013 2nd half

Revenue 100.00% 100.00%
COGS (WN1) -72.23% -72.23%
Gross Profit 27.77% 27.77%

OPEX
Miscellaneous Expenses -0.99%
Research and development expenses (WN2) -3.15% -3.15%
Salary Expenses -10.60% -10.60%
Advertising Expense -2.98% -2.98%
Total Operating Expenses -17.73% -16.73%

Operating Profit (EBIDTA) 10.04% 11.03%

Depriciation Expenses -1.41% -1.41%

Ammortisation Expenses -3.31% -3.31%
EBIT 5.32% 6.31%
Interest paid on loan -0.10% -0.10%
Net Income (EBT) 5.22% 6.21%