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Balance Sheet as of April 30th, 2016

Assets
Cash
Recievables
Inventories

30000
2500
0
10000 833.3333

Total Current Assets


Gross Equipment
Less: Acc. Depreciation
Net Equipment
Building
Other Long term Aassets
Total Assests

40000
20000 1666.667
0
20000 1666.667
0
0
60000

Income Statement for the 6months ending June 2016

Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes
Less: tax
Net Income

120000
78000
42000
12500
18000
6000
1000
4500
500
4000
1000
3000

Income Statement for January,2016


Net Sales
15000
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes

1500

500

Less: tax
Net Income
april

25920

Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes
Less: tax
Net Income
jul y
Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes
Less: tax
Net Income

44789.76

oct
Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes
Less: tax
Net Income

77396.7053

as of April 30th, 2016


Liabilities and Equity
Account Payables
Accrued Wages
Bank loans
Other current liabilites
Total Current Liabilites
Long term debts
Total Liabilites
Owner`s Equity
Total Liabilites and Equity

We are working on the venture which will produce Custo


Parathas with 15 different flavors. To date , the venture
progreesed through the development stage with succes
production and test marketing. The takeaway Customize
10000
offers different flavours which can be customzied accord
0
taste.
0
0 venture initiallly holds Rs. 2000 in checking account
The
10000
short term investments. Rock n Roll is not yet selling Ro
account recievable accoint balance is zero. In late March
10000
ordered Rs. 10000 of materials needed to start the prod
material is in raw material form.
20000 833.3333

Rock n Roll also holds Rs. 20000 worth of fixed assets w


40000
3333.333
machinery
etc. Since Rock n roll recently purchased its fi
depreciation is recorded on April 30th. The venture does
60000
own bulding for three years in the start of venture. Inste
rent.

The initial balance of Account payables is Rs. 10000 pro


of the owners, for the purchase of raw materials. The fo
contributed Rs. 40000in cash to start the business; this
equity for the venture.
The net sales of the Rock n Roll are projected to be
120000, in the frst year. The total production cost for
780 Roll Parathas is 78000. For Rock n Roll gross profit
is 42000. MarketIng expenses, including advertisement
and sales calls, are projected to be 12500 for the six
months time period.
83.3333333333

Interest rate on the 10000 loan from the owner`s friend


is 10 percent, or 1000 per year. For the first six months
it is 500. After paying tax at the rate of 25% the net
income is 3000.
Rock n Roll unlike the most new ventures earned 3000
rupees.

feb
Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes

18000

Less: tax
Net Income
may
Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes
Less: tax
Net Income

31104

aug
Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes
Less: tax
Net Income

53747.712

nov
Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes
Less: tax
Net Income

92876.046

are working on the venture which will produce Customized Roll


athas with 15 different flavors. To date , the venture concept has
greesed through the development stage with successful prototype
duction and test marketing. The takeaway Customized roll parathas
rs different flavours which can be customzied according to customers`s
te.

venture initiallly holds Rs. 2000 in checking account and Rs, 28000 in
rt term investments. Rock n Roll is not yet selling Roll Parathas, the
ount recievable accoint balance is zero. In late March, Rock n Roll
ered Rs. 10000 of materials needed to start the production. The
erial is in raw material form.

k n Roll also holds Rs. 20000 worth of fixed assets which includes
chinery etc. Since Rock n roll recently purchased its fixed assets, no
reciation is recorded on April 30th. The venture doesnot plans to have
n bulding for three years in the start of venture. Instead it `d take it on
t.

initial balance of Account payables is Rs. 10000 provided by the friend


he owners, for the purchase of raw materials. The founders
tributed Rs. 40000in cash to start the business; this is the founding
ity for the venture.
ojected to be
duction cost for
Roll gross profit
ng advertisement
500 for the six
15000

he owner`s friend
e first six months
f 25% the net

res earned 3000

march
Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes

21600

Less: tax
Net Income
june
Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes
Less: tax
Net Income

37324.8

sep
Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes
Less: tax
Net Income

64497.25

dec
Net Sales
Less: Cost of Good Sold
Gross earnings
Less: Marketing Expenses
Less: Administrative Expenses
Less: Building Rental
Less: Depreciation Expense
Earnings before Interest and tax
Less: Interest
Earnings before taxes
Less: tax
Net Income

111451.3

Expenses
Total cost
640
300
2859.85
340
320
420
720
412.5
200
2000

Decoration Material
Extra Material
Chicken Breast
Posters
Decoration Material
Milk
Chadder Cheese
Mozzarelia Cheese
Box
Spices and Vegetables
Misc. Expenses
Utensils

2000
2000

Total Expenses

12212.35

Cost of Production Schedule


Jan
Production Units
Decoration Material
Furniture
Chicken Meat
Marketing Expense
Decoration Material
Milk
Chadder Cheese
Mozzarelia Cheese
Box
Spices
Vegetables
Utensils
Total Cost
Cost per unit
Units Sold
Sales
COGS

5.3
2.5
23.8
2.8
2.7
3.5
6.0
3.4
1.7
16.7
16.7
16.7
102

Feb
100

120

533
250
2383
283
267
350
600
344
167
1667
1667
1667
10177
102

0
0
2859.85
340
0
420
720
412.5
0
2000
2000
0
8752
73

100
15000
9000

120
18000
3600

4320

12348
750

2000
900

Inventories Scehduale
Beginning Finished Goods
Production
Materials
Direct labor

Manufacturing Overhead

2008
15106
9000
4320

Total
Less: COGS
Ending finished Goods
Income Statement
Sales
COGS
Gross Earnings
Marketing Expenses
Administrative Expenses
Wages
Transportation
Rent Expense
Depreciation Expenses
EBIT
Interest Expense @ 7%
EBT
Tax @ 10%
Net Income

Balance Sheet

Jan

2000
9220
3600
5620
Feb

15000
18000
9000
3600
6000
14400
900
1080
1200
1440
750
900
300
360
500
500
1055.556 113.3333
2344.444 11266.67
164.1111 788.6667
2180.333
10478
218.0333
1047.8
1962.3
9430.2

Jan

Feb

Assets
Cash
Recievables
Inventories

10500
4500
4320

12600
5400
5620

Total Current Assets

19320

23620

Gross Equipment
Less: Acc. Depreciation (Value/ Useful life)
Net Equipment
Building
Other Long term Assets
Total Assests
Liabilities and Equity
Account Payables
Accrued Wages
Bank loans
Other current liabilites
Total Current Liabilites
Long term debts
Total Liabilites

3167
340
1055.556 113.3333
2111
227
0
0
0
0
21431
23847

1684.8
375
0
0
2059.8
11101

2191.8
450
0
0
2641.8
12935

13160.8

15576.8

Owner`s Equity
Total Liabilites and Equity

8270.0
21431

8270.0
23847

Total Units
120
120
120
120
120
120
120
120
120
120
120
120
120

Cost per unit


5.3333333
2.5
23.832083
2.8333333
2.6666667
3.5
6
3.4375
1.6666667
16.666667
0
16.666667
16.666667
101.76958

March

April
144

May
187

June
243

July
316

Aug
427

Sep
577

778

0
0
0
0
0
0
0
0
0
0
0
0
0
0
3431.82 4461.366 5799.7758 7539.709 10178.6065 13741.12 18550.51
408
530.4
689.52 896.376 1210.1076 1633.645 2205.421
0
0
0
0
0
0
0
504
655.2
851.76 1107.288 1494.8388 2018.032 2724.344
864
1123.2
1460.16 1898.208 2562.5808 3459.484 4670.304
495
643.5
836.55 1087.515 1468.14525 1981.996 2675.695
0
0
0
0
0
0
0
2400
3120
4056
5272.8
7118.28 9609.678 12973.07
2400
3120
4056
5272.8
7118.28 9609.678 12973.07
0
0
0
0
0
0
0
10503
13654
17750
23075
31151
42054
56772
73
73
73
73
73
73
73
144
21600
4320

187
28080
5616

243
36504
7300.8

316
47455.2
9491.04

5620

6780

7688

9268

2400
1080

3120
1404

4056
1825.2

5273
2372.76

427
577
778
64064.52 86487.1 116757.6
12812.904 17297.42 23351.52

11423

11932

11568

7118
9610
12973
3203.226 4324.355 5837.879

2000
11100
4320
6780
March

2000
13304
5616
7688
April

3000
16569
7300.8
9268
May

4000
20914
9491.04
11423
June

3000
3000
3000
24744
28866
33379
12812.904 17297.42 23351.52
11932
11568
10028
July

Aug

Sep

21600
28080
36504 47455.2
64064.52 86487.1 116757.6
4320
5616
7300.8 9491.04 12812.904 17297.42 23351.52
17280
22464
29203.2 37964.16 51251.616 69189.68 93406.07
1296
1685
2190
2847
3844
5189
7005
1728
2246.4
2920.32 3796.416 5125.1616 6918.968 9340.607
1080
1404
1825.2 2372.76
3203.226 4324.355 5837.879
432
561.6
730.08 949.104 1281.2904 1729.742 2335.152
500
500
500
500
500
500
500
136
176.8
229.84 298.792
403.3692 544.5484 735.1404
13620
17856
23362.8 30521.64 41379.214 56036.94 75824.87
953.4 1249.92 1635.396 2136.515 2896.54498 3922.586 5307.741
12666.6 16606.08 21727.404 28385.13 38482.669 52114.35 70517.13
1266.66 1660.608 2172.7404 2838.513 3848.2669 5211.435 7051.713
11399.94 14945.47 19554.664 25546.61 34634.4021 46902.92 63465.41

March

April

May

June

July

Aug

Sep

15120
6480
6780

19656
8424
7688

25552.8 33218.64
10951.2 14236.56
9268
11423

44845.164 60540.97 81730.31


19219.356 25946.13 35027.28
11932
11568
10028

28380

35768

45772.4 58878.12

75996.042 98055.24 126785.1

408
136
272
0
0
28652

530
176.8
354
0
0
36122

2644.2
540
0
0
3184.2
17198

2998.32
702
0
0
3700.32
24151

690
229.84
460
0
0
46232

896
298.792
598
0
0
59476

1210
1634
2205
403.3692 544.5484 735.1404
807
1089
1470
0
0
0
0
0
0
76803
99144
128255

3614.676 4454.939 4653.29358 4511.573 3910.749


913
1186
1602
2162
2919
0
0
0
0
0
0
0
0
0
0
4527.276 5641.319 6254.90658 6673.75 6829.689
33435
45564
62278
84201
113156

20382.2 27851.32 37962.276 51205.32 68532.9066 90874.75 119985.7

8270.0
28652

8270.0
36121

8270.0
46232

8270.0
59475

8270.0
76803

8270.0
99145

8270.0
128256

Oct

Nov

Dec

1051

1419

0
0
25043.19
2977.318
0
3677.864
6304.91
3612.188
0
17513.64
17513.64
0
76643
73

0
0
33808.31
4019.38
0
4965.116
8511.628
4876.454
0
23643.41
23643.41
0
103468
73

1915
0 fixed
0 fixed
45641.21
5426.163
0 fixed
6702.907
11490.7
6583.212
0 fixed
31918.61
31918.61
0 fixed
139681
73

1051
1419
1915
157622.7 212790.7 287267.4
31524.55 42558.14 57453.49

10028

6898

1623

17514
23643
31919
7881.137 10639.54 14363.37

Year 2016
7278
533.3333
250
173438.7
20619.66
266.6667
25471.35
43665.17
25016.5
166.6667
121292.1
121292.1
1666.667

7278
1091629
224325.9

3000
3000
10000
38422
44181
57905
31524.55 42558.14 57453.49
6898
1623
451
Oct
157622.7
31524.55
126098.2
9457
12609.82
7881.137
3152.455
500
992.4395
102538.6
7177.7
95360.87
9536.087
85824.78

Oct

Nov
212790.7
42558.14
170232.6
12767
17023.26
10639.54
4255.814
500
1339.793
138602.1
9702.145
128899.9
12889.99
116009.9

Nov

Dec
287267.4
57453.49
229814
17236
22981.4
14363.37
5745.349
500
1808.721
187287.8
13110.15
174177.7
17417.77
156759.9

2016
1091629
224325.9
867303.4
65497.76
87330.34
54581.47
21832.59
6000
7834.333
700641
49044.87
651596.1
65159.61
586436.5

2017
1746607
358921.4
1387686
104796.4
139728.6
87330.34
34932.14
9600
12534.93
1121026
78471.79
1042554
104255.4
938298.4

2018
1886335
387635.1
1498700
113180.1
150906.8
94316.77
37726.71
10368
13537.73
1210708
84749.54
1125958
112595.8
1013362

2019
3584037
736506.7
2847531
215042.2
286723
179201.9
71680.75
19699.2
25721.68
2300345
161024.1
2139320
213932
1925388

2016

2017

2018

2019

764140.5
327488.8
87598
0
1179227
0
23503
7834.333
15668.67
0
0
1194896
0
0
34163.22
27290.73
0
0
61453.95
1034202
0
1095656

753640.5
322988.8
83278
0
1159907
0
20336.33
6778.777
13557.55
0
0
1173465
0
0
32478.42
26915.73
0
0
59394.15
1023101
0
1082495

1505181
645077.6
165256
0
2315515
0
43499.33
14499.78
28999.55
0
0
2344514
0
0
64449.84
53756.47
0
0
118206.3
2044368
0
2162574

2243702
961586.4
241754
0
3447042
0
63427.66
21142.55
42285.11
0
0
3489327
0
0
94284.06
80132.2
0
0
174416.3
3050271
0
3224687

Dec

110335.9 148953.5 201087.2


47286.82 63837.21 86180.23
6898
1623
451
164520.5 214413.3 287718.5
2977
4019
5426
992.4395 1339.793 1808.721
1985
2680
3617
0
0
0
0
0
0
166505
217093
291336

2690.138 632.8118 175.9222


3941
5320
7182
0
0
0
0
0
0
6630.706 5952.579 7357.608
151605
202870
275708
158235.7 208822.6 283065.6

8270.0
166506

8270.0
217093

8270.0
291336

0
99240
1194896

0
90970
1173465

0
181940
2344514

0
264640
3489327

2020
4336685
891173.1
3445512
260201.1
346934.8
216834.3
86733.7
23836.03
31123.23
2783417
194839.2
2588578
258857.8
2329720

2020
3729227
1598240
399322
0
5726789
0
106396.6
35465.53
70931.06
0
0
5797720
0
0
155735.6
133186.7
0
0
288922.3
5070488
0
5359410

0
438310
5797720

Cash Flow Stateent


Cashflow from Operating Activities
Net Income
Dep.
Change in A/R
Change in Inventories
Change in A/P
Change in Accruals

3000
0
5000
30000
5000
3000

Net Cashflow from Op. act.

46000

Cashflow from Investing Activities


Change in Gross Fixed Assets

Cashflow from financing Activities


Change in short term liab.

25000