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Tea

INGREDIENTS

COST

Milk

PKR 50.00 per litre

Tea
Sugar

0.125

PKR 270.00 per kg

PKR 50.00 per kg

Cost per Tea Cup


Cold Cappuccino
INGREDIENTS

COST

Cappuccino

PKR 300.00 per 100 grams

Milk

PKR 60.00 per litre

Heavy whipping cream

PKR 45.00 per 250 ml

Light chocolate syrup

PKR 200.00 per 680 grams

Sugar

PKR 50.00 per kg

5
0.25
12
4
10

Cost per Cold Cappuccino

Hot Coffee
INGREDIENTS
Cappuccino

COST
PKR 300.00 per 100 grams

Milk

PKR 60.00 per litre

Sugar

PKR 50.00 per kg

Cost per Coffee

4
0.25
10

2011

2012

2013

7.5

11

13

31.27

36

41

25.15

29

33

Price Rs./ Tea cup


litre per cup

grams per cup

grams per cup

0.5
7.5

Price Rs./Cappuccino
grams per cup

15

litre per cup

12.5

ml per cup

1.92

grams per cup

1.2

grams per cup

0.65
31.27

Price Rs./Coffee
grams per cup

12

litre per cup

12.5

grams per cup

0.65
25.15

2011
Total cost of Coffee
cost per day
Cost per month
Cost per year
Total cost of Cold Cappuccinno
Cost per day
Cost per month
Cost per year
Total cost of Tea
Cost per day
Cost per month
Cost per year
total cost of goods per month
PER DAY COST
Total cost of 3 of them
Ending inventory
Purchases

2012

2013

1559200.50

2476380

3703140

51973.35

82546

123438

63.92

76.133

87.55295

155920.05

247638

370314

1715120.55

2724018.00

4073454.00

25
7746
232386
2788632
31
32677
980315
11763774
8
11550
346500
4158000

SALES FORECAST

Tables
Tables Capacity
Consumption
Ttl.Sales per Day in Units
Working Days per year
Sales per year
Ending inventory Days
Ending inventory in units
Production
Selling Cycle
Production Cycle
Selling Price of Tea
Selling Price of Cold Cappuccino
Selling price of Coffee

Potential Sales of Coffee per day


Potential Sales of Cold Cappuccino/day
Potential Sales of Tea/day

2011

Coffee
Sales/day in units

308

Sales/ month

9240

Sales/ year

110880

Sales/day in Rs

13860

Sales/month in Rs.

415800

Sales/year in Rs.

4989600
2012
Coffee

Sales/day in units

400.4

Sales/ month

12012

Sales/ year

144144

Sales/day in Rs

18018

Sales/month in Rs.

540540

Sales/year in Rs.

6486480
2013
Coffee

Sales/day in units
Sales/ month
Sales/ year
Sales/day in Rs
Sales/month in Rs.
Sales/year in Rs.

521
15616
187387
23423
702702
8432424

Total sales for 2011

39639600

Total sales for 2012

51531480

Total sales for 2013

66990924

2011
10
4
4 cups per table
2893
360
1,041,480
3
8,679
1,050,159
11 hours
12 hours
15 Rs. per cup
70 Rs. per cup
45 Rs. per cup

308
1045
1540

Cold Cappuccino

Tea

total

1045

1540

2893

31350

46200

86790

376200

554400

1041480

73150

23100

110110

2194500

693000

3303300

26334000

8316000

39639600

Cold Cappuccino

tea

Total

1359

2002

3761

40755

60060

112827

489060

720720

1353924

95095

30030

143143

2852850

900900

4294290

34234200

10810800

51531480

Cold Cappuccino

tea

Total

1766

2603

4889

52982

78078

146675

635778

936936

1760101

123624

39039

186086

3708705

1171170

5582577

44504460

14054040

66990924

FIXE
Item

Quantity

Rate

Total

Tables

10

PKR 4,000

PKR 40,000

Chairs

40

PKR 2,000

PKR 80,000

Espresso machine

PKR 65,000

PKR 130,000

Deep freezer

PKR 50,000

PKR 50,000

Splits

PKR 50,000

PKR 100,000

16

PKR 200

PKR 3,200

Generator

PKR 75,000

PKR 75,000

Music system

PKR 35,000

PKR 35,000

Cashier machine

PKR 40,000

PKR 40,000

Water Dispenser

PKR 4,000

PKR 8,000

Dish Washer

PKR 25,000

PKR 25,000

60

PKR 150

PKR 9,000

Energy Savers

Crockery(Cups)
Total

PKR 595,200
Salaries Expense

PARTICULARS

QUANTITY

RATE

AMOUNT

Order Servers

PKR 5,000

PKR 20,000

Manager

PKR 25,000

PKR 25,000

Cashier

PKR 10,000

PKR 10,000

Total

PKR 55,000

OVERHEADS DATA
PARTICULARS

MONTHLY EXP.

2009

2010

Electricity

PKR 5,000

PKR 60,000

PKR 69,000

GAS

PKR 5,000

PKR 60,000

PKR 69,000

Rent

PKR 32,000

PKR 384,000

PKR 384,000

fuel for generator

PKR 10,000

PKR 120,000

PKR 138,000

PKR 3,000

PKR 36,000

PKR 36,000

PKR 55,000

PKR 660,000

PKR 696,000

Deprciation
Total

Operating expenses
Particulars

Monthly

2009

2010

Electricity

PKR 20,000

PKR 240,000

PKR 264,000

Telephone

4000

PKR 48,000

PKR 52,800

Rent
Marketing Expense
Depreciation Expense
Salaries Expense
Misc. Expense
Total

PKR 48,000

PKR 576,000

PKR 633,600

50000

PKR 600,000

PKR 660,000

PKR 7,649

PKR 91,783

PKR 100,962

PKR 55,000

PKR 660,000

PKR 726,000

5000

PKR 60,000

PKR 66,000

PKR 189,649

PKR 2,275,783

PKR 2,503,362

FIXED ASSETS
Life

over heads(monthly dep) overheads yearly

Depriciation(yearly)

PKR 8,000

PKR 16,000

2167

26000

PKR 26,000

833.3333333

10000

PKR 10,000

PKR 20,000

PKR 3,200

PKR 15,000

PKR 11,667

PKR 8,000

PKR 2,667

PKR 5,000

PKR 2,250
3000

36000

PKR 127,783

ense
Direct Labour

Operating Expense

PKR 20,000
PKR 25,000
PKR 10,000
PKR 20,000

PKR 35,000

Electricity
2011

Particulars

Overheads

PKR 79,350

overhead- 20%

PKR 79,350

operating expense- 80%

PKR 20,000

total

PKR 25,000

PKR 384,000

PKR 5,000

PKR 158,700
PKR 36,000
PKR 737,400

2011
PKR 290,400
PKR 58,080

Rent
Particulars

overheads

overhead- 40%

PKR 32,000

operating expense- 60%

PKR 48,000

total

PKR 80,000

PKR 696,960
PKR 726,000
PKR 111,058
PKR 798,600
PKR 72,600
PKR 2,753,698

op.expense(monthly) op.expense yearly


PKR 667

PKR 8,000

PKR 1,333

PKR 16,000

PKR 1,667

PKR 20,000

PKR 267

PKR 3,200

PKR 1,250

PKR 15,000

PKR 972

PKR 11,667

PKR 667

PKR 8,000

PKR 222

PKR 2,667

PKR 417

PKR 5,000

PKR 188

PKR 2,250

PKR 7,649

PKR 91,783

FINANCING REQUIRD
ASSETS

LIABILITIES&EQUIT

Current Assets
Inventory
A/C Recievable

Equities
PKR 155,920 Capital
PKR 60,753 Financing Required

Prepaid Rent

PKR 600,000

Security Deposit

PKR 200,000

Cash

100000

Fixed Assets
TOTAL ASSETS

PKR 1,116,673 TOTAL LIABILITIES&EQUITY

LIABILITIES&EQUITY
PKR 446,669
PKR 670,004

PKR 1,116,673

PARTICULARS

JANUARY

FEBRUARY

MARCH

155,920

155920.05

1,715,121

1559201

1559201

Add: Direct Labor

20,000

20,000

20,000

Add:Overheads

55,000

55,000

55,000

1,790,121

1,790,121

1,790,121

155,920

155,920

155,920

1,634,201

1,634,201

1,634,201

2011

2012

2013

155920.05

179308.0575

18866326.05

29716560

44437680

Add: Direct Labor

240000

264000

290400

Add:Overheads

660,000

696,000

737,400

19766326.05

30832480.05

45644788.06

Less: Ending Inventory

155920.05

179308.0575

206204.2661

Cost of Goods Sold

19610406

30653171.99

45438583.79

Beginning Inventory
Add: Purchases

Total Goods Available for sale


Less: Ending Inventory
Cost of Goods Sold

Particulars

Beginning Inventory
Add: Purchases

Total Goods Available for sale

COST OF GOODS SOLD MONTHLY FOR 2011


APRIL

MAY

JUNE

JULY

AUGUST

155920.05

155920.05

155920.05

155920.05

155920.05

1559201

1559201

1559201

1559201

1559201

20,000

20,000

20,000

20,000

20,000

55,000

55,000

55,000

55,000

55,000

1,790,121

1,790,121

1,790,121

1,790,121

1,790,121

155,920

155,920

155,920

155,920

155,920

1,634,201

1,634,201

1,634,201

1,634,201

1,634,201

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER

155920.05

155920.05

155920.05

155920.05

1559201

1559201

1559201

1559201

20,000

20,000

20,000

20,000

55,000

55,000

55,000

55,000

1,790,121

1,790,121

1,790,121

1,790,121

155,920

155,920

155,920

155,920

1,634,201

1,634,201

1,634,201

1,634,201

AMMORTIZATION
Monthly interest rate
Loan amount

670004

Annual Interest Rate

16%

Loan period

5 yrs

Payments per year

12

Periods (n)

60

PV of annuity
Monthly payment

Monthly
Payment
0

16293

8933

7360

16293

8835

7458

16293

8736

7557

16293

8635

7658

16293

8533

7760

16293

8429.5

7864

16293

8324.6

7969

16293

8218.4

8075

16293

8110.7

8182

10

16293

8001.6

8292

11

16293

7891.1

8402

12

16293

7779.0

8514

13

16293

7665.5

8628

14

16293

7550.5

8743

15

16293

7433.9

8859

16

16293

7315.8

8977

17

16293

7196.1

9097

18

16293

7074.8

9218

19

16293

6951.9

9341

20

16293

6827.3

9466

21

16293

6701.1

9592

22

16293

6573.2

9720

23

16293

6443.6

9850

24

16293

6312.3

9981

25

16293

6179.2

10114

26

16293

6044.4

10249

27

16293

5907.7

10385

28

16293

5769.2

10524

S.no

Interest

Principal

29

16293

5628.9

10664

30

16293

5486.7

10806

31

16293

5342.6

10951

32

16293

5196.6

11097

33

16293

5048.7

11245

34

16293

4898.7

11394

35

16293

4746.8

11546

36

16293

4592.9

11700

37

16293

4436.9

11856

38

16293

4278.8

12014

39

16293

4118.6

12175

40

16293

3956.3

12337

41

16293

3791.8

12501

42

16293

3625.1

12668

43

16293

3456.2

12837

44

16293

3285.0

13008

45

16293

3111.6

13182

46

16293

2935.8

13357

47

16293

2757.7

13535

48

16293

2577.2

13716

49

16293

2394.4

13899

50

16293

2209.0

14084

51

16293

2021.3

14272

52

16293

1831.0

14462

53

16293

1638.1

14655

54

16293

1442.7

14850

55

16293

1244.7

15048

56

16293

1044.1

15249

57

16293

840.8

15452

58

16293

634.7

15658

59

16293

425.9

15867

60

16293

214.4

16079

MONTHLY PAYMENT
0.013333333
0.451710584
0.548289416
41.1217062
16293.19141

Outstanding
Principal
670004
662644
655186
647629
639971
632210
624347
616378
608303
600121
591829
583427
574913
566285
557542
548683
539706
530609
521390
512049
502583
492991
483271
473421
463440
453326
443078
432692
422168

411504
400697
389747
378650
367406
356011
344465
332765
320908
308894
296719
284382
271881
259213
246376
233368
220186
206829
193293
179577
165678
151594
137322
122860
108205
93355
78306
63057
47605
31946
16079
0

Particulars

Jan

Feb

Mar

Sales

3,303,300

3303300

3303300

Less: COGS

1,634,201

1,634,201

1,634,201

Gross Profit

1,669,100

1,669,100

1,669,100

189649

189649

189649

1479451

1479451

1479451

8,933.4

8,835.3

8,735.8

1,289,802.28

1,289,802.28

1,289,802.28

193,470.34

193,470.34

193,470.34

1096332

1096332

1096332

Less: Operating Expenses


EBIT
Less: Interest
EBT
Less: Tax (15%)
Net Icome after Tax

Income Statement
for 3 years
Particulars
Sales
Less: COGS
Gross Profit
Less: Operating Expenses
EBIT
Less: Interest
EBT
Less: Tax (15%)
EAT/ NET INCOME

2011

2012

2013

39,639,600

51531480

66,990,924

19610406

30653171.99

45,438,584

20,029,194

20,878,308

21,552,340

2275783

2503361.667

2,753,698

17,753,411

18,374,946

18,798,642

100,427

84,046

64,842

17652983

18290900

18,733,800

2647947.504

2743635.065

2,810,070

15005036

15547265

15,923,730

Income Statement (monthly)


for year 2011
Apr

May

Jun

July

Aug

3303300

3303300

3303300

3303300

3303300

1,634,201

1,634,201

1,634,201

1,634,201

1,634,201

1,669,100

1,669,100

1,669,100

1,669,100

1,669,100

189649

189649

189649

189649

189649

1479451

1479451

1479451

1479451

1479451

8,635.0

8,532.9

8,429.5

8,324.6

8,218.4

1,289,802.28

1,289,802.28

1,289,802.28

1,289,802.28

1,289,802.28

193,470.34

193,470.34

193,470.34

193,470.34

193,470.34

1096332

1096332

1096332

1096332

1096332

Sep

Oct

Nov

Dec

3303300

3303300

3303300

3303300

1,634,201

1,634,201

1,634,201

1,634,201

1,669,100

1,669,100

1,669,100

1,669,100

189649

189649

189649

189649

1479451

1479451

1479451

1479451

8,110.7

8,001.6

7,891.1

7,779.0

1,289,802.28

1,289,802.28

1,289,802.28

1,289,802.28

193,470.34

193,470.34

193,470.34

193,470.34

1096332

1096332

1096332

1096332

SCHEDULE OF
For
Particulars

January

February

March

Cash Sales

3,303,300

3,303,300

3,303,300

Total Reciepts

3,303,300

3,303,300

3,303,300

SCHEDULE OF
For
Particulars

January

Purchases

February
1,715,121

Fixed Assets

March

1,559,201

1,559,201

55000

55000

25000

25000

80000

80000

4000

4000

50000

50000

50000

5000

5000

5000

16293

16293

16293

2,516,614

1,794,494

1,794,494

595200

Salaries Expense

55000

Electricity Expense
Rent Expense

80000

Telephone
Marketing Expense
Misc.Expense
Installment Payments
Total Payments

SCHEDULE OF 3 YEAR RECIEPTS


Particulars

2011

2012

2013

Cash Sales

39,639,600

51531480

66990924

Total Reciepts

39,639,600

51,531,480

66,990,924

SCHEDULE OF 3 YEAR PAYMENTS


Particulars
Purchases

2011

2012

2013

18,866,326

29716560

44437680

Fixed Assets

595200

Salaries Expense

660000

726000

798600

Electricity Expense

275000

302500

332750

Rent Expense

960000

1056000

1161600

44000

48400

53240

600000

660000

726000

60000

66000

72600

195518

195518

195518

22,256,044

32770978.3

47777988.3

Telephone
Marketing Expense
Misc.Expense
Installment Payments
Total Payments

SCHEDULE OF MONTHLY RECIEPTS


For Year 2011
April

May

June

July

August

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

SCHEDULE OF MONTHLY PAYMENTS


For Year 2011
April

May

June

July

August

1,559,201

1,559,201

1,559,201

1,559,201

1,559,201

55000

55000

55000

55000

55000

25000

25000

25000

25000

25000

80000

80000

80000

80000

80000

4000

4000

4000

4000

4000

50000

50000

50000

50000

50000

5000

5000

5000

5000

5000

16293

16293

16293

16293

16293

1,794,494

1,794,494

1,794,494

1,794,494

1,794,494

September

October

November

December

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

September

October

November

December

1,559,201

1,559,201

1,559,201

1,559,201

55000

55000

55000

55000

25000

25000

25000

25000

80000

80000

80000

80000

4000

4000

4000

4000

50000

50000

50000

50000

5000

5000

5000

5000

16293

16293

16293

16293

1,794,494

1,794,494

1,794,494

1,794,494

C
Particulars

January

February

Opening Cash Balance

March
100000

100000

Add:Investment

446669.22

Add:Loan

670003.83

Add:Total Reciepts

3,303,300

3,303,300

3,303,300

4419973.05

3403300

3403300

Less:Payments

2,516,614

1,794,494

1,794,494

Net Cash

1,903,359

1,608,806

1,608,806

100000

100000

100000

1,903,359

1,508,806

1,508,806

Total Cash Available

Less:Minimum Cash Balance


Purchase Marketable Securities
Sells Marketable Securities

CASH BUDGET FOR 3 YEARS


Particulars

2011

Opening Cash Balance

2012

2013

100000

100000

Add:Investment

446669.22

Add:Loan

670003.83

Add:Total Reciepts

39,639,600

51,531,480

66,990,924

40756273.05

51,631,480

67,090,924

Less:Payments

22,256,044

32770978

47777988

Net Cash

18,500,229

18,860,502

19,312,936

100000

100000

100000

18,400,229

18,760,502

19,212,936

Total Cash Available

Less:Minimum Cash Balance


Purchase Marketable Securities

CASH BUDGET(MONTHLY)
For Year 2011
April

May

June

July

August

100000

100000

100000

100000

100000

3,303,300

3,303,300

3,303,300

3,303,300

3,303,300

3403300

3403300

3403300

3403300

3403300

1,794,494

1,794,494

1,794,494

1,794,494

1,794,494

1,608,806

1,608,806

1,608,806

1,608,806

1,608,806

100000

100000

100000

100000

100000

1,508,806

1,508,806

1,508,806

1,508,806

1,508,806

September

October

November

December

100000

100000

100000

100000

3,303,300

3,303,300

3,303,300

3,303,300

3403300

3403300

3403300

3403300

1,794,494

1,794,494

1,794,494

1,794,494

1,608,806

1,608,806

1,608,806

1,608,806

100000

100000

100000

100000

1,508,806

1,508,806

1,508,806

1,508,806

BALANCE SHEET
2011
TOTAL ASSETS

TOTAL LIABILITIES&EQUITY

Current Assets

Current Liabilities

Cash

100,000 Account Payable

Inventory

155,920

Marketable Securities

19,212,936 Long-Term Liabilities

Total Current Assets

19,468,856 Loan Payable


TOTAL LIABILITIES

Fixed Assets

595,200

less:Depreciation

127,783 Equity

Total Fixed Assets

467,417 Capital
Net Income
Total Equities

Total Assets

19,936,272 Total Liabilites&Equity

BALANCE SHEET
2,012
TOTAL ASSETS

TOTAL LIABILITES&EQUITY

Current Assets

Current Liabilities

Cash

100,000 Account Payable

Inventory

179,308

Marketable Securities

30,397,869 Long-Term Liabilities

Total Current Assets

30,677,177 Loan Payable


TOTAL LIABILITIES

Fixed Assets

595,200

less:Depreciation

255,567 Equity

Total Fixed Assets

339,633 Capital
Net Income
Total Equities

TOTAL ASSETS

31,016,810

TOTAL LIABILITIES&EQUITY

BALANCE SHEET
2,013
TOTAL ASSETS
Current Assets
Cash

TOTAL LIABILITIES&EQUITY
Current Liabilities
100,000 Account Payable

Inventory

206,204

Marketable Securities

46,857,577 Long-Term Liabilities

Total Current Assets

47,163,781 Loan Payable


TOTAL LIABILITIES

Fixed Assets

595,200

less:Depreciation

383,350 Equity

Total Fixed Assets

211,850 Capital
Net Income
Total Equities

TOTAL ASSETS

47,375,631

TOTAL LIABILITIES&EQUITY

29,000

574,913
603,913

446,669
15,005,036
15,451,705
16,055,618

31,900

463,440
495,340

15,451,705
15,547,265
30,998,970
31,494,311

35,090

332,765
367,855

30,998,970
15,923,730
46,922,700
47,290,555

LIQUIDITY RATIOS
CURRENT RATIO=CURRENT ASSETS/CURRENT LIABILITIES
Current Assets
Current Liabilites

2010

2011

2012

19468856

30677177

47163781

29000

31900

35090

671

962

1344

Current Ratio

QUICK RATIO=CURRENT ASSEETS-INVENTORY/CURRENT LIABILITIES


Current Assets
Inventory
Current Liabilites
Quick Ratio

19468856

30677177

47163781

155920

179308

47163781

29000

31900

35090

19468850

30677171

47162437

WORKING CAPITAL RATIO= C.A-C.L/SALES


C.A

19468856

30677177

47163781

C.L

29000

31900

35090

SALES

39639600

51531480

66990924

Working Capital Ratio

19468856

30677177

47163781

603913

495340

367855

19936272

31016810

47375631

0.03

0.02

0.01

LEVERAGE RATIOS
DEBT RATIO
TOTAL DEBT
TOTAL ASSETS
Debt Ratio

EQUITY MULTIPLIER
TOTAL ASSETS

19936272

31016810

47375631

SHAREHOLDER'S EQUITY

15451705

30998970

46922700

17753411

18374946

18798642

100427

84046

64842

177

219

290

EQUITY MULTIPLIER

COVERAGE RATIOS
INTEREST COVERAGE RATIO
EBIT
INTEREST EXPENSE
INTEREST COVERAGE RATIO

ASSET ACTIVITY RATIOS


INVENTORY TURNOVER= COGS/INVENTORY
COGS
INVENTORY
Inventory Turnover Ratio

2010

2011

2012

19610406

30653172

45438584

155920

179308

206204

126

171

220

39639600

51531480

66990924

467417

339633

211850

85

152

316

FIXED ASSET TURNOVER RATIO= SALES/F.A


SALES
NET FIXED ASSETS
Inventory Turnover Ratio

TOTAL ASSET TURNOVER RATIO


SALES

39639600

51531480

66990924

TOTAL ASSETS

19936272

31016810

47375631

1.99

1.66

1.41

T.ASSET TURNOVER

PROFITABILITY RATIOS
NET PROFIT MARGIN
NET INCOME

15005036

15547265

15923730

SALES

39639600

51531480

66990924

0.38

0.30

0.24

NET PROFIT MARGIN RATIO

EARNING POWER
EBIT

17753411

18374946

18798642

TOTAL ASSETS

19936272

31016810

47375631

0.89

0.59

0.40

NET PROFIT MARGIN RATIO

RETURN ON INVESTMENT
Particulars

2009

2010

2011

Net Profit

15005036

15547265

15923730

Total Assets

19936272

31016810

47375631

0.75

0.50

0.34

Return On Investment

BASE CASE
Particulars

2009

2010

39,639,600

51,531,480

66,990,924

19518622.67

30552210.33

45327525.96

2184000

2402400

2642640

127783.3333

127783.3333

127783.3333

Profit Before Tax

17809194

18449086.34

18892974.71

less:Tax(15%)

2671379.1

2767362.951

2833946.206

Profit After Tax

15137814.9

15681723.39

16059028.5

Add:Depreciation

127783.3333

127783.3333

127783.3333

OCF

15265598.23

15809506.72

16186811.84

0.7692

0.5917

0.4552

11742298.16

9354485.128

7368236.748

Sales
less:Varaible Cost
less:Fixed Cost
less:Depreciation

Discount Factor(30)
Discounted Cash Flow

2011 Total

Initial Investment

28465020.04
1116673.05

NPV

27348346.99

BEST CASE(10%)
Particulars

2009

2010

43603560

56684628

73690016.4

17566760.4

27496989.29

40794773.36

1965600

2162160

2378376

less:Depreciation

127783.3333

127783.3333

127783.3333

Profit Before Tax

23943416.27

26897695.37

30389083.7

3591512.44

4034654.306

4558362.556

Profit After Tax

20351903.83

22863041.07

25830721.15

Add:Depreciation

127783.3333

127783.3333

127783.3333

OCF

20479687.16

22990824.4

25958504.48

0.7692

0.5917

0.4552

15752975.36

13603670.8

11816311.24

Sales
less:Varaible Cost
less:Fixed Cost

less:Tax(15%)

Discount Factor(30)
Discounted Cash Flow

2011 Total

Initial Investment

1116673.05

NPV

40056284.35

WORST CASE(10%)
Particulars
Sales
less:Varaible Cost
less:Fixed Cost

41172957.4

2009

2010

2011 Total

35675640

46378332

60291831.6

21470484.93

33607431.36

49860278.55

2402400

2642640

2906904

less:Depreciation

127783.3333

127783.3333

127783.3333

Profit Before Tax

11674971.73

10000477.31

7396865.713

1751245.76

1500071.596

1109529.857

Profit After Tax

9923725.973

8500405.712

6287335.856

Add:Depreciation

127783.3333

127783.3333

127783.3333

OCF

10051509.31

8628189.045

6415119.189

0.7692

0.5917

0.4552

7731620.959

5105299.458

2920162.255

less:Tax(15%)

Discount Factor(30)
Discounted Cash Flow
Initial Investment
NPV

15757082.67
1116673.05
14640409.62

PROFITABILITY INDEX
PROFITABILITY INDEX=DCF/Initial investment
Year
PI

2011

2012

2013

10.515

8.377

6.598