FORECASTED PROFIT AND LOSS STATEMENT

  2020 2021 2022

Sales THB 201,860,560.00 THB 242,232,680.00 THB 290,679,200.00
Direct Cost of Sales THB 161,488,440.00 THB 169,562,880.00 THB 203,475,440.00
Sales Commission THB 10,093,040.00 THB 12,111,620.00 THB 14,533,960.00
Total Cost of Sales THB 171,581,480.00 THB 181,674,500.00 THB 218,009,400.00
Gross Margin THB 30,279,080.00 THB 60,558,160.00 THB 72,669,800.00
Expenses      
Salary THB 3,504,000.00 THB 3,892,800.00 THB 4,550,640.00
Sales and Marketing and Other Expenses THB 3,600,000.00 THB 3,780,000.00 THB 3,969,000.00

Depreciation THB 288,000.00 THB 288,000.00 THB 288,000.00

Rent THB 1,200,000.00 THB 1,200,000.00 THB 1,200,000.00
Utilities THB 360,000.00 THB 378,000.00 THB 396,900.00
Insurance THB 48,000.00 THB 48,000.00 THB 48,000.00
Salary Tax THB 525,600.00 THB 583,920.00 THB 682,600.00
Licensing THB 240,000.00 THB 240,000.00 THB 240,000.00
Total Operating Expenses THB 9,765,600.00 THB 10,410,720.00 THB 11,375,140.00
Profit Before Interest and Taxes THB 20,513,480.00 THB 50,147,440.00 THB 61,294,660.00
EBITDA THB 20,801,480.00 THB 50,435,440.00 THB 61,582,660.00
Interest Expense THB 6,090,000.00 THB 4,480,000.00 THB 2,800,000.00
Taxes Incurred THB 4,327,040.00 THB 13,700,240.00 THB 17,548,400.00
Net Profit THB 10,096,440.00 THB 31,967,200.00 THB 40,946,260.00
Net Profit/Sales 5.00% 13.20% 14.09%
FORECASTED BALANCE SHEET
  2020 2021 2022
Assets      
Current Assets      
Cash THB 22,326,980.00 THB 4,225,820.00 THB 12,970,360.00
Accounts Receivable THB 51,314,020.00 THB 61,576,820.00 THB 73,892,180.00
Inventory THB 33,346,220.00 THB 35,013,520.00 THB 42,016,240.00
Other Current Assets THB 3,790,000.00 THB 3,790,000.00 THB 3,790,000.00
Total Current Assets THB 110,777,220.00 THB 104,606,160.00 THB 132,668,780.00
Long-term Assets      
Long-term Assets THB 8,800,000.00 THB 8,800,000.00 THB 8,800,000.00
Accumulated Depreciation THB 288,000.00 THB 576,000.00 THB 864,000.00
Total Long-term Assets THB 8,512,000.00 THB 8,224,000.00 THB 7,936,000.00
Total Assets THB 119,289,220.00 THB 112,830,160.00 THB 140,604,780.00
Liabilities and Capital      
Current Liabilities      
Accounts Payable THB 38,701,760.00 THB 17,075,500.00 THB 20,703,860.00
Current Borrowing THB 32,800,000.00 THB 25,600,000.00 THB 18,400,000.00
Other Current Liabilities THB 3,560,000.00 THB 3,560,000.00 THB 3,560,000.00
Subtotal Current Liabilites THB 75,061,760.00 THB 46,235,500.00 THB 42,663,860.00
Long-term Liabilities THB 20,400,000.00 THB 10,800,000.00 THB 1,200,000.00
Total Liabilities THB 95,461,760.00 THB 57,035,500.00 THB 43,863,860.00
Paid-in Capital THB 30,000,000.00 THB 30,000,000.00 THB 30,000,000.00
Retained Earnings
THB (16,269,000.00) THB (6,172,560.00) THB 25,794,660.00
Earnings THB 10,096,440.00 THB 31,967,220.00 THB 40,946,260.00
Total Capital THB 23,827,440.00 THB 55,794,660.00 THB 96,740,920.00
Total Liabilities and Capital THB 119,289,200.00 THB 112,830,160.00 THB 140,604,780.00
FINANCIAL RATIOS
  2020 2021 2022
Sales Growth 0.00% 20.00% 20.00%
Accounts Receivable 43.02% 54.57% 52.55%
Inventory 27.95% 31.03% 29.88%
Other Current Assets 3.18% 3.36% 2.70%
Total Current Assets 92.86% 92.71% 94.36%
Long-term Assets 7.14% 7.29% 5.64%
Total Assets 100.00% 100.00% 100.00%
Current Liabilities 62.92% 40.98% 30.34%
Long-term Liabilities 17.10% 9.57% 0.85%
Total Liabilities 80.03% 50.55% 31.20%
Capital 19.97% 49.45% 68.80%
Current Ratios 1.48 2.26 3.11
Total Debt to Total Assets 80.03% 50.55% 31.20%
Net Profit Margin 5.00% 13.20% 14.09%
Return on Equity 42.37% 57.29% 42.33%
Accounts Receivable Turnover 2.95 2.95 2.95
Collection Days 54 113 113
Inventory Turnover 10.91 4.96 5.28
Accounts Payable Turnover 5.65 12.17 12.17
Payment Days 27 49 27
Total Asset Turnover 1.69 2.15 2.07
Net Present Value $9,178,581.82 $29,061,090.91 $37,223,872.73