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C O N F I D E N T I A L

PlusFit

Business Plan

Prepared October 2015

Contact Information Parthiban Balakrishnan

parthiban_70@yahoo.co.in

PlusFit

Table of Contents

i

Executive Summary ............................................................................1

Opportunity......................................................................................................................................................1

Expectations.....................................................................................................................................................3

Opportunity...........................................................................................4

Problem & Solution ........................................................................................................................................4 Target Market ..................................................................................................................................................4

Competition.....................................................................................................................................................4

Execution ...............................................................................................5

Marketing & Sales ...........................................................................................................................................5

Operations........................................................................................................................................................5

Milestones & Metrics......................................................................................................................................5

Company................................................................................................7

Overview ...........................................................................................................................................................7

Team...................................................................................................................................................................7

Financial Plan .......................................................................................8

Forecast .............................................................................................................................................................8 Financing ........................................................................................................................................................11 Statements ......................................................................................................................................................11

Appendix..............................................................................................14

Profit and Loss Statement ..........................................................................................................................14 Balance Sheet.................................................................................................................................................18 Cash Flow Statement...................................................................................................................................23

PlusFit

1

Executive Summary

Opportunity

Problem

The boundaries between work and personal life have increasingly blurred, which has in many ways led to increased stress and fatigue levels. And to beat such lifestyle trends, companies are seeing huge benefits in keeping their employees fit.

In today's hectic work and life scenario employers have to do much more than just meet the formal contractual needs of its employees. They need to create an all-inclusive environment which enables employees to improve on their physical and mental abilities.

Solution

Our Solution is based on two simple facts:

  • 1. Healthy employees are more productive than chronically ill employees.

  • 2. It costs less to prevent injuries or illnesses than to treat them after they occur.

At PlusFit, we tie worker productivity directly to the health care issue. We believe that traditional approaches to the current health care crisis are misdirected. These traditional efforts are what we call reactive--that is, they wait until after the worker has been stricken with illness or injury, and then pay for the necessary treatments. Our approach, which emphasizes prevention and good health promotion, is much more proactive.

By helping employees change their behavior patterns and choose more healthy lifestyles, PlusFit will lower companies' health care expenditures, while raising worker productivity. Health care expenditures will decrease due to reduced medical insurance premiums, reduced absenteeism, reduced turnover rates, reduced worker's compensation claims, reduced tardiness, shorter hospital stays, etc.

Employees health care crisis, threaten to not only exacerbate the crisis, but further erode worker productivity as well. These environmental factors coupled with no local competitive situation signal a favorable opportunity in this market. We feel the time is right for PlusFit.

PlusFit

Market

2

PlusFit is located at RR Tower1, which houses around 100 companies with a combined employee strength of more than 4000. RR Tower1, a landmark building, is in the heart of the Guindy IT Zone. RR industries Ltd has 5 such buildings viz., Tower 1 to 5. All these towers has a employee population of over 20000 which powers the potential and need for a Heath and Fitness business, given the fact that there are no other business which caters to this high demanding need of employees of today's Corporate world.

Not to mention the availability of more such companies in this Guindy IT zone. There is a need for more such Health and Fitness centres to tap the full potential of this niche market.

Competition

As of now there is no local competition.

Why Us?

We take a two pronged approach to our services viz., Individual Memberships and Corporate memberships.

Further we will also provide value added services to our members such as a Health Food counter, a Food Supplement Counter and a Fitness garments and accessories counter.

PlusFit

Expectations

Forecast

Financial Highlights by Year

3

PlusFit Expectations Forecast Financial Highlights by Year 3 Financing Needed All partners will invest Rs.500,000 each,

Financing Needed

All partners will invest Rs.500,000 each, aggregating to Rs.20,00000 as partners' contribution to capital. In addition to it a loan amounting to Rs. 40,00,000/- shall be borrowed by the firm from the financial institutions.

PlusFit

Opportunity

Problem & Solution

Problem Worth Solving

Our Solution

Target Market Competition

Current Alternatives

Our Advantages

4

PlusFit

Execution

Marketing & Sales

Marketing Plan

Sales Plan

Operations

Locations & Facilities

Technology

Equipment & Tools

Milestones & Metrics

Milestones Table

5

Milestone

Due Date

Who's Responsible

Details

Website development

October 25, 2015

Parthiban and Srinivasan

Prepare Profiles of Partners

October 29, 2015

All partner's profile

Finalise BP

October 30, 2015

Parthiban along with JP and Shanmugam

Sign Partnership deed

November 01, 2015

Jayapandi

Partnership deed among Parthiban, Jayapandi, Shanmugam and Srinivasan to be signed.

Submit Proposal for Loan

November 03, 2015

Parthiban and Jayapandi

Sign Rental Agreement RR Industries ltd.

November 05, 2015

Parthiban

Machinery and

November 15, 2015

Shanmugam and

Equipment list finalisation

Srinivasan

Preparing Marketing collateral

November 20, 2015

Parthiban

Sign up with suppliers for NutriFit, Spruce-Up and Energise

December 01, 2015

Parthiban

PlusFit

6

Completion of Interior Works

December 15, 2015

Parthiban, Jayapandi

To liaise and coordinate with Niranjan of RR Industries

Key Metrics

PlusFit

Company

Overview

Team

Management Team

Advisors

7

PlusFit

Financial Plan

Forecast

Key Assumptions

Revenue Forecast

8

FY2016 FY2017 FY2018
FY2016
FY2017
FY2018

Revenue

Individual Memberships

Rs2,368,719

Rs3,236,002

Rs3,295,602

Corporate Memberships - upto 100

Rs3,375,000

Rs4,687,500

Rs5,343,750

Employees Corporate Membership - upto 250

Rs6,750,000

Rs9,375,000

Rs10,687,500

Corporate Membership - upto 500

Rs4,800,000

Rs3,600,000

Rs3,600,000

Energise

Rs1,200,000

Rs1,200,000

Rs1,200,000

Spruce-Up

Rs600,000

Rs600,000

Rs600,000

Nutrifit

Rs514,000

Rs732,000

Rs760,000

Total Revenue

Rs19,607,719

Rs23,430,502

Rs25,486,852

Direct Cost

Energise- Food counter costs

Rs600,000

Rs600,000

Rs600,000

Spruce-up

Rs600,000

Rs600,000

Rs600,000

Nutifit product puchase

Rs385,500

Rs549,000

Rs570,000

Total Direct Cost

Rs1,585,500

Rs1,749,000

Rs1,770,000

Gross Margin

Rs18,022,219

Rs21,681,502

Rs23,716,852

Gross Margin %

92%

93%

93%

PlusFit

Revenue by Month

9

PlusFit Revenue by Month 9 Expenses by Month CONFIDENTIAL - DO NOT DISSEMINATE . This business

Expenses by Month

PlusFit Revenue by Month 9 Expenses by Month CONFIDENTIAL - DO NOT DISSEMINATE . This business

PlusFit

Net Profit (or Loss) by Year

10

PlusFit Net Profit (or Loss) by Year 10 CONFIDENTIAL - DO NOT DISSEMINATE . This business

PlusFit

Financing

Use of Funds

Sources of Funds

Statements

Projected Profit & Loss

11

 

FY2016

FY2017

FY2018

Revenue

Rs19,607,719

Rs23,430,502

Rs25,486,852

Direct Costs

Rs1,585,500

Rs1,749,000

Rs1,770,000

Gross Margin

Rs18,022,219

Rs21,681,502

Rs23,716,852

Gross Margin %

92%

93%

93%

Operating Expenses

Salary

Rs1,020,000

Rs1,260,000

Rs1,472,400

Employee Related Expenses

Rs102,000

Rs126,000

Rs147,240

Marketing Cost

Rs100,000

Utilities

Rs120,000

Rs120,000

Rs120,000

Rent

Rs1,200,000

Rs1,200,000

Insurance

Rs60,000

Rs60,000

Rs60,000

ECC

Rs275,000

Rs300,000

Rs300,000

0ffice Supplies

Rs12,000

Rs12,000

Rs12,000

Total Operating Expenses

Rs1,689,000

Rs3,078,000

Rs3,311,640

Operating Income

Rs16,333,219

Rs18,603,502

Rs20,405,212

Interest Incurred

Rs760,426

Rs667,395

Rs562,937

Depreciation and Amortization

Rs933,333

Rs933,334

Rs863,889

Income Taxes

Rs2,927,892

Rs3,400,555

Rs3,981,788

Total Expenses

Rs7,896,151

Rs9,828,284

Rs9,559,698

Net Profit

Rs11,711,568

Rs13,602,218

Rs15,927,154

Net Profit / Sales

60%

58%

62%

PlusFit

Projected Balance Sheet

12

FY2016 FY2017 FY2018
FY2016
FY2017
FY2018

Cash

Rs13,383,784

Rs28,214,019

Rs44,638,773

Accounts Receivable

Rs0

Rs0

Rs0

Inventory Other Current Assets

Rs145,000

Rs147,500

Rs147,500

Total Current Assets

Rs13,528,784

Rs28,361,519

Rs44,786,273

Long-Term Assets

Rs2,800,000

Rs2,800,000

Rs300,000

Accumulated Depreciation

(Rs933,333)

(Rs1,866,667)

(Rs300,000)

Total Long-Term Assets

Rs1,866,667

Rs933,333

Rs0

Total Assets

Rs15,395,451

Rs29,294,852

Rs44,786,273

Accounts Payable

Rs0

Rs0

Rs0

Income Taxes Payable

Rs871,473

Rs906,728

Rs995,447

Sales Taxes Payable

Rs1,125,800

Rs1,231,649

Rs1,274,343

Short-Term Debt

Rs881,421

Rs985,896

Rs292,318

Prepaid Revenue

Rs2,475,000

Rs3,712,500

Rs4,331,250

Total Current Liabilities

Rs5,353,694

Rs6,836,773

Rs6,893,358

Long-Term Debt

Rs4,330,189

Rs3,344,293

Rs3,051,975

Total Liabilities

Rs9,683,883

Rs10,181,066

Rs9,945,333

Paid-in Capital

Retained Earnings

(Rs6,000,000)

Rs5,511,568

Rs18,913,786

Earnings

Rs11,711,568

Rs13,602,218

Rs15,927,154

Total Owner's Equity

Rs5,711,568

Rs19,113,786

Rs34,840,940

Total Liabilities & Equity

Rs15,395,451

Rs29,294,852

Rs44,786,273

PlusFit

Projected Cash Flow Statement

13

FY2016 FY2017 FY2018
FY2016
FY2017
FY2018

Net Cash Flow from Operations

Net Profit

Rs11,711,568

Rs13,602,218

Rs15,927,154

Depreciation and Amortization

Rs933,333

Rs933,334

Rs863,889

Change in Accounts Receivable

Rs0

Rs0

Rs0

Change in Inventory

(Rs145,000)

(Rs2,500)

Rs0

Change in Accounts Payable

Rs0

Rs0

Rs0

Change in Income Tax Payable

Rs871,473

Rs35,255

Rs88,719

Change in Sales Tax Payable

Rs1,125,800

Rs105,849

Rs42,694

Change in Prepaid Revenue

Rs2,475,000

Rs1,237,500

Rs618,750

Net Cash Flow from Operations

Rs16,972,174

Rs15,911,656

Rs16,610,650

Investing & Financing

Assets Purchased or Sold Investments Received

(Rs2,800,000)

Rs1,000,000

Change in Long-Term Debt

Rs4,330,189

(Rs985,896)

(Rs292,318)

Change in Short-Term Debt

Rs881,421

Rs104,475

(Rs693,578)

Dividends & Distributions

(Rs200,000)

(Rs200,000)

Net Cash Flow from Investing & Financing

Rs2,411,610

(Rs1,081,421)

(Rs185,896)

Cash at Beginning of Period

(Rs6,000,000)

Rs13,383,784

Rs28,214,019

Net Change in Cash

Rs19,383,784

Rs14,830,235

Rs16,424,754

Cash at End of Period

Rs13,383,784

Rs28,214,019

Rs44,638,773

PlusFit

Appendix

Profit and Loss Statement

Profit and Loss Statement (With Monthly Detail)

14

FY2016

Jan '16

Feb '16

Mar '16

Apr '16

May '16

Jun '16

Jul '16

Aug '16

Sep '16

Oct '16

Nov '16

Dec '16

Revenue

Rs1,292,500

Rs1,380,000

Rs1,433,500

Rs1,502,600

Rs1,580,580

Rs1,644,464

Rs1,665,071

Rs1,719,057

Rs1,760,946

Rs1,837,156

Rs1,858,025

Rs1,933,820

Direct Costs

Rs122,500

Rs130,000

Rs118,000

Rs122,500

Rs137,500

Rs145,000

Rs122,500

Rs127,000

Rs124,000

Rs148,000

Rs131,500

Rs157,000

Gross Margin

Rs1,170,000

Rs1,250,000

Rs1,315,500

Rs1,380,100

Rs1,443,080

Rs1,499,464

Rs1,542,571

Rs1,592,057

Rs1,636,946

Rs1,689,156

Rs1,726,525

Rs1,776,820

Gross Margin

91%

91%

92%

92%

91%

91%

93%

93%

93%

92%

93%

92%

%

Operating

Expenses

Salary

Rs30,000

Rs90,000

Rs90,000

Rs90,000

Rs90,000

Rs90,000

Rs90,000

Rs90,000

Rs90,000

Rs90,000

Rs90,000

Rs90,000

Employee

Related

Rs3,000

Rs9,000

Rs9,000

Rs9,000

Rs9,000

Rs9,000

Rs9,000

Rs9,000

Rs9,000

Rs9,000

Rs9,000

Rs9,000

Expenses

Marketing Cost

Rs100,000

Utilities

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rent

Insurance

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

ECC

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

0ffice Supplies

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Total

Operating

Rs149,000

Rs140,000

Rs140,000

Rs140,000

Rs140,000

Rs140,000

Rs140,000

Rs140,000

Rs140,000

Rs140,000

Rs140,000

Rs140,000

Expenses

Operating

Income

Rs1,021,000

Rs1,110,000

Rs1,175,500

Rs1,240,100

Rs1,303,080

Rs1,359,464

Rs1,402,571

Rs1,452,057

Rs1,496,946

Rs1,549,156

Rs1,586,525

Rs1,636,820

PlusFit

15

Interest Incurred

Rs66,667

Rs66,086

Rs65,500

Rs64,908

Rs64,311

Rs63,708

Rs63,098

Rs62,484

Rs61,862

Rs61,236

Rs60,603

Rs59,963

Depreciation and

Amortization

Rs77,778

Rs77,778

Rs77,777

Rs77,778

Rs77,778

Rs77,778

Rs77,777

Rs77,778

Rs77,778

Rs77,778

Rs77,778

Rs77,777

Income Taxes

Rs175,311

Rs193,227

Rs206,445

Rs219,483

Rs232,198

Rs243,595

Rs252,340

Rs262,359

Rs271,461

Rs282,028

Rs289,629

Rs299,816

Total

Expenses

Rs591,256

Rs607,091

Rs607,722

Rs624,669

Rs651,787

Rs670,081

Rs655,715

Rs669,621

Rs675,101

Rs709,042

Rs699,510

Rs734,556

Net Profit

Rs701,244

Rs772,909

Rs825,778

Rs877,931

Rs928,793

Rs974,383

Rs1,009,356

Rs1,049,436

Rs1,085,845

Rs1,128,114

Rs1,158,515

Rs1,199,264

Net Profit / Sales 54% 56% 58% 58% 59% 59% 61% 61% 62% 61% 62% 62%
Net Profit /
Sales
54%
56%
58%
58%
59%
59%
61%
61%
62%
61%
62%
62%

PlusFit

16

FY2017

Jan '17

Feb '17

Mar '17

Apr '17

May '17

Jun '17

Jul '17

Aug '17

Sep '17

Oct '17

Nov '17

Dec '17

Revenue

Rs1,840,006

Rs1,849,505

Rs1,858,454

Rs1,884,963

Rs1,917,121

Rs1,942,996

Rs1,968,647

Rs1,994,118

Rs2,016,444

Rs2,020,655

Rs2,057,774

Rs2,079,819

Direct Costs

Rs145,000

Rs136,000

Rs127,000

Rs131,500

Rs140,500

Rs145,000

Rs149,500

Rs154,000

Rs156,250

Rs145,000

Rs158,500

Rs160,750

Gross Margin

Rs1,695,006

Rs1,713,505

Rs1,731,454

Rs1,753,463

Rs1,776,621

Rs1,797,996

Rs1,819,147

Rs1,840,118

Rs1,860,194

Rs1,875,655

Rs1,899,274

Rs1,919,069

Gross Margin

92%

93%

93%

93%

93%

93%

92%

92%

92%

93%

92%

92%

%

Operating

Expenses

Salary

Rs105,000

Rs105,000

Rs105,000

Rs105,000

Rs105,000

Rs105,000

Rs105,000

Rs105,000

Rs105,000

Rs105,000

Rs105,000

Rs105,000

Employee

Related

Rs10,500

Rs10,500

Rs10,500

Rs10,500

Rs10,500

Rs10,500

Rs10,500

Rs10,500

Rs10,500

Rs10,500

Rs10,500

Rs10,500

Expenses

Marketing Cost

Utilities

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rs10,000

Rent

Rs100,000

Rs100,000

Rs100,000

Rs100,000

Rs100,000

Rs100,000

Rs100,000

Rs100,000

Rs100,000

Rs100,000

Rs100,000

Rs100,000

Insurance

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

Rs5,000

ECC

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

Rs25,000

0ffice Supplies

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Rs1,000

Total

Operating

Rs256,500

Rs256,500

Rs256,500

Rs256,500

Rs256,500

Rs256,500

Rs256,500

Rs256,500

Rs256,500

Rs256,500

Rs256,500

Rs256,500

Expenses

Operating

Income

Rs1,438,506

Rs1,457,005

Rs1,474,954

Rs1,496,963

Rs1,520,121

Rs1,541,496

Rs1,562,647

Rs1,583,618

Rs1,603,694

Rs1,619,155

Rs1,642,774

Rs1,662,569

Interest Incurred

Rs59,318

Rs58,667

Rs58,008

Rs57,344

Rs56,674

Rs55,997

Rs55,313

Rs54,623

Rs53,925

Rs53,222

Rs52,511

Rs51,793

Depreciation and

Amortization

Rs77,778

Rs77,778

Rs77,778

Rs77,777

Rs77,778

Rs77,778

Rs77,778

Rs77,778

Rs77,777

Rs77,778

Rs77,778

Rs77,778

Income Taxes

Rs260,282

Rs264,112

Rs267,834

Rs272,368

Rs277,134

Rs281,544

Rs285,911

Rs290,244

Rs294,398

Rs297,631

Rs302,497

Rs306,600

Total

Expenses

Rs798,878

Rs793,057

Rs787,120

Rs795,489

Rs808,586

Rs816,819

Rs825,002

Rs833,145

Rs838,850

Rs830,131

Rs847,786

Rs853,421

Net Profit

Rs1,041,128

Rs1,056,448

Rs1,071,334

Rs1,089,474

Rs1,108,535

Rs1,126,177

Rs1,143,645

Rs1,160,973

Rs1,177,594

Rs1,190,524

Rs1,209,988

Rs1,226,398

Net Profit / Sales

57%

57%

58%

58%

58%

58%

58%

58%

58%

59%

59%

59%

PlusFit

17

 

FY2016

FY2017

FY2018

Revenue

Rs19,607,719

Rs23,430,502

Rs25,486,852

Direct Costs

Rs1,585,500

Rs1,749,000

Rs1,770,000

Gross Margin

Rs18,022,219

Rs21,681,502

Rs23,716,852

Gross Margin %

92%

93%

93%

Operating Expenses

Salary

Rs1,020,000

Rs1,260,000

Rs1,472,400

Employee Related Expenses

Rs102,000

Rs126,000

Rs147,240

Marketing Cost

Rs100,000

Utilities

Rs120,000

Rs120,000

Rs120,000

Rent

Rs1,200,000

Rs1,200,000

Insurance

Rs60,000

Rs60,000

Rs60,000

ECC

Rs275,000

Rs300,000

Rs300,000

0ffice Supplies

Rs12,000

Rs12,000

Rs12,000

Total Operating Expenses

Rs1,689,000

Rs3,078,000

Rs3,311,640

Operating Income

Rs16,333,219

Rs18,603,502

Rs20,405,212

Interest Incurred

Rs760,426

Rs667,395

Rs562,937

Depreciation and Amortization

Rs933,333

Rs933,334

Rs863,889

Income Taxes

Rs2,927,892

Rs3,400,555

Rs3,981,788

Total Expenses

Rs7,896,151

Rs9,828,284

Rs9,559,698

Net Profit

Rs11,711,568

Rs13,602,218

Rs15,927,154

Net Profit / Sales

60%

58%

62%

PlusFit

Balance Sheet

Balance Sheet (With Monthly Detail)

18

FY2016 Jan '16 Feb '16 Mar '16 Apr '16 May '16 Jun '16 Jul '16 Aug
FY2016
Jan '16
Feb '16
Mar '16
Apr '16
May '16
Jun '16
Jul '16
Aug '16
Sep '16
Oct '16
Nov '16
Dec '16

Cash

(Rs1,367,068)

Rs276,864

Rs1,942,996

Rs2,243,365

Rs3,988,493

Rs5,795,282

Rs5,943,994

Rs7,763,794

Rs9,572,362

Rs9,636,206

Rs11,477,268

Rs13,383,784

Accounts

Receivable

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Inventory

Rs130,000

Rs118,000

Rs122,500

Rs137,500

Rs145,000

Rs122,500

Rs127,000

Rs124,000

Rs148,000

Rs131,500

Rs157,000

Rs145,000

Other Current

Assets

Total Current

Assets

(Rs1,237,068)

Rs394,864

Rs2,065,496

Rs2,380,865

Rs4,133,493

Rs5,917,782

Rs6,070,994

Rs7,887,794

Rs9,720,362

Rs9,767,706

Rs11,634,268

Rs13,528,784

Long-Term

Assets

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Accumulated

Depreciation

(Rs77,778)

(Rs155,556)

(Rs233,333)

(Rs311,111)

(Rs388,889)

(Rs466,667)

(Rs544,444)

(Rs622,222)

(Rs700,000)

(Rs777,778)

(Rs855,556)

(Rs933,333)

Total Long-

Term Assets

Rs2,722,222

Rs2,644,444

Rs2,566,667

Rs2,488,889

Rs2,411,111

Rs2,333,333

Rs2,255,556

Rs2,177,778

Rs2,100,000

Rs2,022,222

Rs1,944,444

Rs1,866,667

Total Assets

Rs1,485,154

Rs3,039,308

Rs4,632,163

Rs4,869,754

Rs6,544,604

Rs8,251,115

Rs8,326,550

Rs10,065,572

Rs11,820,362

Rs11,789,928

Rs13,578,712

Rs15,395,451

Accounts

Payable

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Income Taxes

Payable

Rs175,311

Rs368,538

Rs574,983

Rs219,483

Rs451,681

Rs695,276

Rs252,340

Rs514,699

Rs786,160

Rs282,028

Rs571,657

Rs871,473

Sales Taxes

Payable

Rs258,500

Rs534,500

Rs821,200

Rs300,520

Rs616,636

Rs945,529

Rs333,014

Rs676,825

Rs1,029,015

Rs367,431

Rs739,036

Rs1,125,800

Short-Term Debt

Rs795,739

Rs803,158

Rs810,650

Rs818,214

Rs825,851

Rs833,562

Rs841,347

Rs849,208

Rs857,145

Rs865,159

Rs873,251

Rs881,421

Prepaid Revenue

Rs412,500

Rs787,500

Rs1,125,000

Rs1,425,000

Rs1,687,500

Rs1,912,500

Rs2,100,000

Rs2,250,000

Rs2,362,500

Rs2,437,500

Rs2,475,000

Rs2,475,000

Total Current

Liabilities

Rs1,642,050

Rs2,493,696

Rs3,331,833

Rs2,763,217

Rs3,581,668

Rs4,386,867

Rs3,526,701

Rs4,290,732

Rs5,034,820

Rs3,952,118

Rs4,658,944

Rs5,353,694

Long-Term Debt

Rs5,141,860

Rs5,071,459

Rs5,000,399

Rs4,928,675

Rs4,856,281

Rs4,783,210

Rs4,709,455

Rs4,635,010

Rs4,559,867

Rs4,484,021

Rs4,407,464

Rs4,330,189

PlusFit

19

Total Rs6,783,910 Rs7,565,155 Rs8,332,232 Rs7,691,892 Rs8,437,949 Rs9,170,077 Rs8,236,156 Rs8,925,742 Rs9,594,687 Rs8,436,139 Rs9,066,408 Rs9,683,883 Liabilities
Total
Rs6,783,910
Rs7,565,155
Rs8,332,232
Rs7,691,892
Rs8,437,949
Rs9,170,077
Rs8,236,156
Rs8,925,742
Rs9,594,687
Rs8,436,139
Rs9,066,408
Rs9,683,883
Liabilities

Paid-in Capital

Retained

Earnings

Earnings

(Rs6,000,000)

Rs701,244

(Rs6,000,000)

Rs1,474,153

(Rs6,000,000)

Rs2,299,931

(Rs6,000,000)

Rs3,177,862

(Rs6,000,000)

Rs4,106,655

(Rs6,000,000)

Rs5,081,038

(Rs6,000,000)

Rs6,090,394

(Rs6,000,000)

Rs7,139,830

(Rs6,000,000)

Rs8,225,675

(Rs6,000,000)

Rs9,353,789

(Rs6,000,000)

Rs10,512,304

(Rs6,000,000)

Rs11,711,568

Total Owner's (Rs5,298,756) (Rs4,525,847) (Rs3,700,069) (Rs2,822,138) (Rs1,893,345) (Rs918,962) Rs90,394 Rs1,139,830 Rs2,225,675 Rs3,353,789 Rs4,512,304 Rs5,711,568 Equity
Total Owner's
(Rs5,298,756)
(Rs4,525,847)
(Rs3,700,069)
(Rs2,822,138)
(Rs1,893,345)
(Rs918,962)
Rs90,394
Rs1,139,830
Rs2,225,675
Rs3,353,789
Rs4,512,304
Rs5,711,568
Equity
Total Liabilities & Rs1,485,154 Rs3,039,308 Rs4,632,163 Rs4,869,754 Rs6,544,604 Rs8,251,115 Rs8,326,550 Rs10,065,572 Rs11,820,362 Rs11,789,928 Rs13,578,712 Rs15,395,451 Equity
Total
Liabilities &
Rs1,485,154
Rs3,039,308
Rs4,632,163
Rs4,869,754
Rs6,544,604
Rs8,251,115
Rs8,326,550
Rs10,065,572
Rs11,820,362
Rs11,789,928
Rs13,578,712
Rs15,395,451
Equity

PlusFit

20

FY2017 Jan '17 Feb '17 Mar '17 Apr '17 May '17 Jun '17 Jul '17 Aug
FY2017
Jan '17
Feb '17
Mar '17
Apr '17
May '17
Jun '17
Jul '17
Aug '17
Sep '17
Oct '17
Nov '17
Dec '17

Cash

Rs14,134,007

Rs16,011,679

Rs17,005,367

Rs16,972,767

Rs18,857,328

Rs20,749,688

Rs20,669,517

Rs22,578,974

Rs24,507,722

Rs24,342,878

Rs26,267,971

Rs28,214,019

Accounts

Receivable

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Inventory

Rs136,000

Rs127,000

Rs131,500

Rs140,500

Rs145,000

Rs149,500

Rs154,000

Rs156,250

Rs145,000

Rs158,500

Rs160,750

Rs147,500

Other Current

Assets

Total Current

Assets

Rs14,270,007

Rs16,138,679

Rs17,136,867

Rs17,113,267

Rs19,002,328

Rs20,899,188

Rs20,823,517

Rs22,735,224

Rs24,652,722

Rs24,501,378

Rs26,428,721

Rs28,361,519

Long-Term

Assets

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Rs2,800,000

Accumulated

Depreciation

(Rs1,011,111)

(Rs1,088,889)

(Rs1,166,667)

(Rs1,244,444)

(Rs1,322,222)

(Rs1,400,000)

(Rs1,477,778)

(Rs1,555,556)

(Rs1,633,333)

(Rs1,711,111)

(Rs1,788,889)

(Rs1,866,667)

Total Long-

Term Assets

Rs1,788,889

Rs1,711,111

Rs1,633,333

Rs1,555,556

Rs1,477,778

Rs1,400,000

Rs1,322,222

Rs1,244,444

Rs1,166,667

Rs1,088,889

Rs1,011,111

Rs933,333

Total Assets

Rs16,058,896

Rs17,849,790

Rs18,770,200

Rs18,668,823

Rs20,480,106

Rs22,299,188

Rs22,145,739

Rs23,979,668

Rs25,819,389

Rs25,590,267

Rs27,439,832

Rs29,294,852

Accounts

Payable

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Income Taxes

Payable

Rs1,131,755

Rs1,395,867

Rs792,228

Rs272,368

Rs549,502

Rs831,046

Rs285,911

Rs576,155

Rs870,553

Rs297,631

Rs600,128

Rs906,728

Sales Taxes

Payable

Rs368,001

Rs737,902

Rs1,109,593

Rs376,992

Rs760,417

Rs1,149,016

Rs393,729

Rs792,553

Rs1,195,842

Rs404,131

Rs815,685

Rs1,231,649

Short-Term Debt

Rs889,670

Rs898,000

Rs906,410

Rs914,901

Rs923,476

Rs932,134

Rs940,876

Rs949,703

Rs958,615

Rs967,615

Rs976,703

Rs985,896

Prepaid Revenue

Rs2,681,250

Rs2,868,750

Rs3,037,500

Rs3,187,500

Rs3,318,750

Rs3,431,250

Rs3,525,000

Rs3,600,000

Rs3,656,250

Rs3,693,750

Rs3,712,500

Rs3,712,500

Total Current

Liabilities

Rs5,070,676

Rs5,900,519

Rs5,845,731

Rs4,751,761

Rs5,552,145

Rs6,343,446

Rs5,145,516

Rs5,918,411

Rs6,681,260

Rs5,363,127

Rs6,105,016

Rs6,836,773

Long-Term Debt

Rs4,252,190

Rs4,173,459

Rs4,093,989

Rs4,013,774

Rs3,932,805

Rs3,851,076

Rs3,768,579

Rs3,685,307

Rs3,601,252

Rs3,516,406

Rs3,430,761

Rs3,344,293

Total

Liabilities

Rs9,322,866

Rs10,073,978

Rs9,939,720

Rs8,765,535

Rs9,484,950

Rs10,194,522

Rs8,914,095

Rs9,603,718

Rs10,282,512

Rs8,879,533

Rs9,535,777

Rs10,181,066

Paid-in Capital

Retained

Earnings

Rs5,694,902

Rs5,678,236

Rs5,661,570

Rs5,644,904

Rs5,628,237

Rs5,611,570

Rs5,594,903

Rs5,578,236

Rs5,561,569

Rs5,544,902

Rs5,528,235

Rs5,511,568

Earnings

Rs1,041,128

Rs2,097,576

Rs3,168,910

Rs4,258,384

Rs5,366,919

Rs6,493,096

Rs7,636,741

Rs8,797,714

Rs9,975,308

Rs11,165,832

Rs12,375,820

Rs13,602,218

PlusFit

21

Total Owner's Rs6,736,030 Rs7,775,812 Rs8,830,480 Rs9,903,288 Rs10,995,156 Rs12,104,666 Rs13,231,644 Rs14,375,950 Rs15,536,877 Rs16,710,734 Rs17,904,055 Rs19,113,786 Equity
Total Owner's
Rs6,736,030
Rs7,775,812
Rs8,830,480
Rs9,903,288
Rs10,995,156
Rs12,104,666
Rs13,231,644
Rs14,375,950
Rs15,536,877
Rs16,710,734
Rs17,904,055
Rs19,113,786
Equity
Total Liabilities & Rs16,058,896 Rs17,849,790 Rs18,770,200 Rs18,668,823 Rs20,480,106 Rs22,299,188 Rs22,145,739 Rs23,979,668 Rs25,819,389 Rs25,590,267 Rs27,439,832 Rs29,294,852 Equity
Total
Liabilities &
Rs16,058,896
Rs17,849,790
Rs18,770,200
Rs18,668,823
Rs20,480,106
Rs22,299,188
Rs22,145,739
Rs23,979,668
Rs25,819,389
Rs25,590,267
Rs27,439,832
Rs29,294,852
Equity

PlusFit

22

FY2016 FY2017 FY2018
FY2016
FY2017
FY2018

Cash

Rs13,383,784

Rs28,214,019

Rs44,638,773

Accounts Receivable

Rs0

Rs0

Rs0

Inventory

Rs145,000

Rs147,500

Rs147,500

Other Current Assets

Total Current Assets

Rs13,528,784

Rs28,361,519

Rs44,786,273

Long-Term Assets

Rs2,800,000

Rs2,800,000

Rs300,000

Accumulated Depreciation

(Rs933,333)

(Rs1,866,667)

(Rs300,000)

Total Long-Term Assets

Rs1,866,667

Rs933,333

Rs0

Total Assets

Rs15,395,451

Rs29,294,852

Rs44,786,273

Accounts Payable

Rs0

Rs0

Rs0

Income Taxes Payable

Rs871,473

Rs906,728

Rs995,447

Sales Taxes Payable

Rs1,125,800

Rs1,231,649

Rs1,274,343

Short-Term Debt

Rs881,421

Rs985,896

Rs292,318

Prepaid Revenue

Rs2,475,000

Rs3,712,500

Rs4,331,250

Total Current Liabilities

Rs5,353,694

Rs6,836,773

Rs6,893,358

Long-Term Debt

Rs4,330,189

Rs3,344,293

Rs3,051,975

Total Liabilities

Rs9,683,883

Rs10,181,066

Rs9,945,333

Paid-in Capital

Retained Earnings

(Rs6,000,000)

Rs5,511,568

Rs18,913,786

Earnings

Rs11,711,568

Rs13,602,218

Rs15,927,154

Total Owner's Equity

Rs5,711,568

Rs19,113,786

Rs34,840,940

Total Liabilities & Equity

Rs15,395,451

Rs29,294,852

Rs44,786,273

PlusFit

Cash Flow Statement

Cash Flow Statement (With Monthly Detail)

23

FY2016 Jan '16 Feb '16 Mar '16 Apr '16 May '16 Jun '16 Jul '16 Aug
FY2016
Jan '16
Feb '16
Mar '16
Apr '16
May '16
Jun '16
Jul '16
Aug '16
Sep '16
Oct '16
Nov '16
Dec '16

Net Cash

Flow from

Operations

Net Profit

Rs701,244

Rs772,909

Rs825,778

Rs877,931

Rs928,793

Rs974,383

Rs1,009,356

Rs1,049,436

Rs1,085,845

Rs1,128,114

Rs1,158,515

Rs1,199,264

Depreciation

and

Rs77,778

Rs77,778

Rs77,777

Rs77,778

Rs77,778

Rs77,778

Rs77,777

Rs77,778

Rs77,778

Rs77,778

Rs77,778

Rs77,777

Amortization

Change in

Accounts

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Receivable

Change in

Inventory

(Rs130,000)

Rs12,000

(Rs4,500)

(Rs15,000)

(Rs7,500)

Rs22,500

(Rs4,500)

Rs3,000

(Rs24,000)

Rs16,500

(Rs25,500)

Rs12,000

Change in

Accounts

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Payable

Change in

Income Tax

Rs175,311

Rs193,227

Rs206,445

(Rs355,500)

Rs232,198

Rs243,595

(Rs442,936)

Rs262,359

Rs271,461

(Rs504,132)

Rs289,629

Rs299,816

Payable

Change in

Sales Tax

Rs258,500

Rs276,000

Rs286,700

(Rs520,680)

Rs316,116

Rs328,893

(Rs612,515)

Rs343,811

Rs352,190

(Rs661,584)

Rs371,605

Rs386,764

Payable

Change in

Prepaid

Rs412,500

Rs375,000

Rs337,500

Rs300,000

Rs262,500

Rs225,000

Rs187,500

Rs150,000

Rs112,500

Rs75,000

Rs37,500

Rs0

Revenue

Net Cash

Flow from

Rs1,495,333

Rs1,706,914

Rs1,729,700

Rs364,529

Rs1,809,885

Rs1,872,149

Rs214,682

Rs1,886,384

Rs1,875,774

Rs131,676

Rs1,909,527

Rs1,975,621

Operations

Investing &

Financing

Assets

Purchased or

(Rs2,800,000)

Sold

PlusFit

24

Investments

Received

Change in

Long-Term

(Rs69,750)

(Rs70,401)

(Rs71,060)

(Rs71,724)

(Rs72,394)

(Rs73,071)

(Rs73,755)

(Rs74,445)

(Rs75,143)

(Rs75,846)

(Rs76,557)

(Rs77,275)

Debt

Change in

Short-Term

Rs7,349

Rs7,419

Rs7,492

Rs7,564

Rs7,637

Rs7,711

Rs7,785

Rs7,861

Rs7,937

Rs8,014

Rs8,092

Rs8,170

Debt

Dividends &

Distributions

Net Cash

Flow from

Investing &

(Rs2,862,401)

(Rs62,982)

(Rs63,568)

(Rs64,160)

(Rs64,757)

(Rs65,360)

(Rs65,970)

(Rs66,584)

(Rs67,206)

(Rs67,832)

(Rs68,465)

(Rs69,105)

Financing

Cash at

Beginning of

Rs0

(Rs1,367,068)

Rs276,864

Rs1,942,996

Rs2,243,365

Rs3,988,493

Rs5,795,282

Rs5,943,994

Rs7,763,794

Rs9,572,362

Rs9,636,206

Rs11,477,268

Period

Net Change in Cash

(Rs1,367,068)

Rs1,643,932

Rs1,666,132

Rs300,369

Rs1,745,128

Rs1,806,789

Rs148,712

Rs1,819,800

Rs1,808,568

Rs63,844

Rs1,841,062

Rs1,906,516

Cash at End of Period

(Rs1,367,068)

Rs276,864

Rs1,942,996

Rs2,243,365

Rs3,988,493

Rs5,795,282

Rs5,943,994

Rs7,763,794

Rs9,572,362

Rs9,636,206

Rs11,477,268

Rs13,383,784

PlusFit 24 Investments Received Change in Long-Term (Rs69,750) (Rs70,401) (Rs71,060) (Rs71,724) (Rs72,394) (Rs73,071) (Rs73,755) (Rs74,445) (Rs75,143)

PlusFit

25

FY2017 Jan '17 Feb '17 Mar '17 Apr '17 May '17 Jun '17 Jul '17 Aug
FY2017
Jan '17
Feb '17
Mar '17
Apr '17
May '17
Jun '17
Jul '17
Aug '17
Sep '17
Oct '17
Nov '17
Dec '17

Net Cash

Flow from

Operations

Net Profit

Rs1,041,128

Rs1,056,448

Rs1,071,334

Rs1,089,474

Rs1,108,535

Rs1,126,177

Rs1,143,645

Rs1,160,973

Rs1,177,594

Rs1,190,524

Rs1,209,988

Rs1,226,398

Depreciation

and

Rs77,778

Rs77,778

Rs77,778

Rs77,777

Rs77,778

Rs77,778

Rs77,778

Rs77,778

Rs77,777

Rs77,778

Rs77,778

Rs77,778

Amortization

Change in

Accounts

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Receivable

Change in

Inventory

Rs9,000

Rs9,000

(Rs4,500)

(Rs9,000)

(Rs4,500)

(Rs4,500)

(Rs4,500)

(Rs2,250)

Rs11,250

(Rs13,500)

(Rs2,250)

Rs13,250

Change in

Accounts

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Rs0

Payable

Change in

Income Tax

Rs260,282

Rs264,112

(Rs603,639)

(Rs519,860)

Rs277,134

Rs281,544

(Rs545,135)

Rs290,244

Rs294,398

(Rs572,922)

Rs302,497

Rs306,600

Payable

Change in

Sales Tax

(Rs757,799)

Rs369,901

Rs371,691

(Rs732,601)

Rs383,425

Rs388,599

(Rs755,287)

Rs398,824

Rs403,289

(Rs791,711)

Rs411,554

Rs415,964

Payable

Change in

Prepaid

Rs206,250

Rs187,500

Rs168,750

Rs150,000

Rs131,250

Rs112,500

Rs93,750

Rs75,000

Rs56,250

Rs37,500

Rs18,750