Kenjal Store

Koteshwor, Kathmandu

Projected Balance Sheet

As at Chaitra 30,2079

Particulars Schedules 2081/82 2080/81 2079/80

Capital & Reserve
Proprietor's Capital 1 500,000.00 500,000.00 500,000.00
Reserve & Surplus 2 2,040,484.49 1,234,615.84 857,460.41
Additional Investment 7,500,000.00 7,500,000.00 7,500,000.00
10,040,484.49 9,234,615.84 8,857,460.41
Assets
Fixed Assets
A) Gross Value 3 584,369.83 687,493.91 808,816.37
B) Less : Accumulated Depreciation 87,655.47 103,124.09 121,322.46
Net Value (A-B) 496,714.35 584,369.83 687,493.91

Current Assets
Cash & Bank Balances 4 73,378.26 48,918.84 22,612.56
Inventory 26,946,844.00 21,386,384.00 20,563,831.00
Receivables 10,829,419.10 12,513,400.77 14,045,706.92
37,849,641.36 33,948,703.61 34,632,150.48
Less : Current Liablities & Provision
Sundry Creditors, Payables & Provisions 5 7,237,248.34 4,572,739.12 5,996,363.85
Overdraft Loan from Bank 20,000,000.00 20,000,000.00 20,000,000.00
Provision for Tax 1,068,622.88 725,718.48 465,820.14
28,305,871.22 25,298,457.60 26,462,183.99

Net Current Assets 9,543,770.13 8,650,246.02 8,169,966.49

10,040,484.49 9,234,615.84 8,857,460.41
Significant Accounting Policies & Notes to the
9
Accounts

Date:2080/01/10
Place:Kathmandu, Nepal
 Kenjal Store
Koteshwor, Kathmandu

Projected Income Statement

For the year ended on Chaitra 30, 2079

Particulars Schedules 2081/82 2080/81 2079/80

Sales 6 129,600,000.00 108,000,000.00 90,000,000.00
Cost of Sales 7 121,234,226.00 101,054,796.00 84,138,847.00
Gross Profit 8,365,774.00 6,945,204.00 5,861,153.00

Other Income 324,000.00 270,000.00 225,000.00

Administrative Expenses 8 601,627.00 549,206.00 501,550.00

Employee Costs 726,000.00 660,000.00 600,000.00

Operating Profit / (Loss) 7,362,147.00 6,005,998.00 4,984,603.00

Depreciation 87,655.47 103,124.09 121,322.46

Net Profit / (Loss) 7,274,491.53 5,902,873.91 4,863,280.54

Finance Charge @15% 3,000,000.00 3,000,000.00 3,000,000.00

Profit Before Tax 4,274,491.53 2,902,873.91 1,863,280.54

Current Tax 1,068,622.88 725,718.48 465,820.14

Deffered Tax - - -
Profit After Tax 3,205,868.64 2,177,155.43 1,397,460.41
Less: Dividend 2,400,000.00 1,800,000.00 540,000.00

Balance Carried Over to Balance Sheet 805,868.64 377,155.43 857,460.41

Significant Accounting Policies & Notes to the
9
Accounts

Date:2080/01/10
Place:Kathmandu, Nepal
 Kenjal Store
Koteshwor, Kathmandu

Projected Cash Flow Statement

For the year ended on Chaitra 30, 2079

Particulars 2081/82 2080/81 2079/80

A. Cash Flow From Operating Activities
Net Profit/(Loss) 3,205,868.64 2,177,155.43 1,397,460.41
Add/Less:
Depreciation 87,655.47 103,124.09 121,322.46
Cash flow before working Capital Changes 3,293,524.12 2,280,279.52 1,518,782.86

(Increase)/Decrease in Current Assets (3,876,478.32) 709,753.15 (34,609,537.92)

Increase/(Decrease) in Current Liabilities 3,007,413.62 (1,163,726.39) 26,462,183.99
Add: Roundoff
Net Cash From Operating Activities 2,424,459.42 1,826,306.28 (6,628,571.07)

B. Cash Flow from Investing Activities

Purchase of Fixed Assets - - (808,816.37)
Sale of Fixed Assets - - -
Decrease in Investment - - -
Net Cash Flow from Investing Activities - - (808,816.37)

C. Cash Flow from Financing Activities

Increase in Share Capital - - 8,000,000.00
Additional Investment from Proprietor - - -
Dividend Paid (2,400,000.00) (1,800,000.00) (540,000.00)
Net Cash Flow from Financing Activities (2,400,000.00) (1,800,000.00) 7,460,000.00

Total Cash Flow (A+B+C) 24,459.42 26,306.28 22,612.56

Opening Cash & Bank Balances 48,918.84 22,612.56 -

Closing Cash & Bank Balances 73,378.26 48,918.84 22,612.56

Date:2080/01/10
Place:Kathmandu, Nepal
 Kenjal Store
Koteshwor, Kathmandu

Schedule forming part of accounts

Schedule 1 : Proprietor's Capital

Particulars 2081/82 2080/81 2079/80
Proprietor's Capital 1,000,000.00 1,000,000.00 1,000,000.00
Total 1,000,000.00 1,000,000.00 1,000,000.00

Schedule 2 : Reserve & Surplus

Particulars 2081/82 2080/81 2079/80
Profit & Loss for the Previous Year 1,234,615.84 857,460.41 -
Profit & Loss for the Current Year 805,868.64 377,155.43 857,460.41
2,040,484.49 1,234,615.84 857,460.41

Schedule 3 : Cash & Bank Balance

Particulars 2081/82 2080/81 2079/80
Cash & Bank Balance 73378.26 48918.84 22,612.56
73,378.26 48,918.84 22,612.56

Schedule 4 : Sundry Creditors, Payables & Provisions

Particulars 2081/82 2080/81 2079/80
Sundry Creditors 7,204,988.34 4,541,139.12 5,965,363.85
Other Payables
Audit Fee Payables 21,250.00 21,250.00 21,250.00
TDS on Rent - - -
Other Payables - - -
SST 7,260.00 6,600.00 6,000.00
TDS on Audit Fees 3,750.00 3,750.00 3,750.00
7,237,248.34 4,572,739.12 5,996,363.85

Schedule 5 : Sales
Particulars 2081/82 2080/81 2079/80
A. Sales
Sales 129,600,000.00 108,000,000.00 90,000,000.00
Total Sales 129,600,000.00 108,000,000.00 90,000,000.00

Schedule 6 : Cost of Goods Sold

Particulars 2081/82 2080/81 2079/80
Opening Stock 21,386,384.00 20,563,831.00 -
Add: Purchase 125658312.00 100930371.00 103,913,530.00
Add: Direct Expenses 1136374.00 946978.00 789,148.00
Less: Closing Stock (26946844.00) (21386384.00) (20,563,831.00)
Cost of Goods Sold 121,234,226.00 101,054,796.00 84,138,847.00

Schedule 7 : Administrative Expenses

Particulars 2081/82 2080/81 2079/80
Audit Fees 25000.00 25000.00 25,000.00
Communication 47,916.00 43,560.00 39,600.00
Registration & Renewal 62,105.00 56,459.00 51,326.00
Rent Expenses 363,000.00 330,000.00 300,000.00
Newspaper 20,964.00 19,058.00 17,325.00
Electricity & Water Expenses 82,642.00 75,129.00 68,299.00
601,627.00 549,206.00 501,550.00
 Kenjal Store
Koteshwor, Kathmandu
Ratio Analysis
Particulars 2081/82 2080/81 2079/80
Profitability
Gross Proft Margin 6.5% 6.5% 6.5%
Net Profit Margin 2.5% 2.0% 1.6%
Return on Equity 32% 24% 16%
Return on Assets 8% 6% 4%
NPBIT to Sales 6% 5% 5%
Growth
Sales 129,600,000.00 108,000,000.00 90,000,000.00
Gross Profit Growth 20% 18%
Net Profit Growth 47% 56%
Cash Flow
Gross Cash From Operation 3,293,524.12 2,280,279.52 1,518,782.86
Net Cash After Operations 2,424,459.42 1,826,306.28 (6,628,571.07)
Increase/Decrease in Debt - - 20,000,000.00
Increase/Decrease in Equity 805,868.64 377,155.43 8,857,460.41
Financial Structure
Total Assets 38,346,355.71 34,533,073.44 35,319,644.39
Total Liabilities 28,305,871.22 25,298,457.60 26,462,183.99
Tangible Net Worth 10,040,484.49 9,234,615.84 8,857,460.41
Working Capital 30,539,014.76 29,327,045.65 28,613,174.07
Operating Cycle (Quaterly)
Days Inventory 72.00 75.00 44.00
Days Debtors 32.00 44.00 28.00
Days Creditors 17.00 19.00 10.00
Net Cash Cycle Period 87.00 100.00 62.00
Key Ratios
Current Ratio 1.30 1.30 1.30
Debt Equity Ratio 2.00 2.20 2.30