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2
3
4
5
6
7
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10
11
 Major Assumption

Account receivable will be collected within 5 days.

Account payables will be paid within 40 days.
Credit purchase and Credit sales will be 80% and 75% respectively.
Salary will be increased by 10% after every two year.
Ending inventory will be held for 60 days.
Short term Bank Interest Rate will be 12% p.a.
The interest rate for loan amortization is taken 10%
Tax rate is assumed 25% p.a.
Depreciation for furniture, vehicle, building, equipment and all fixed assets are charged on the basis of the
prevailing tax act i.e. 25%. And 5%
 All the depreciation is calculated on WDV method.
Rate of dividend distribution is 5%, 10%, 15% and 20% from second year to fifth year respectively.
pride, family, career, money, love
SN Particulrs Rate Quantity Amount
Fixed Assets
1.00 Rack 10,000.00 20.00 10,000.00
2.00 Warehouse Building 3,000,000.00 1.00 3,000,000.00
3.00 Equipments 100,000.00 100,000.00
4.00 CCTV 3,000.00 10.00 30,000.00
5.00 Computer 50,000.00 5.00 250,000.00
6.00 Telephone 3,000.00 2.00 6,000.00
Total 3,396,000.00

SN Preliminary expenses Amount Initial WC:(50% ONLY) 592,402.78

1.00 Advertisement 100,000.00 Total (FA+PE) 4,216,000.00
2.00 Wesite 500,000.00 Total project cost 4,808,402.78
3.00 Registration 10,000.00
4.00 MOA and AOA 10,000.00 capital composition:
5.00 Miscellaneous 200,000.00 equity(60%) 2,529,600.00
Total 820,000.00 debt (40%) 1,686,400.00
Short-termequity 592,402.78
Total Equity 3,122,002.78

note:
50% of wc for total cost
Operating Cash Amount
(year1)
power and electricity 15000
salary 2431000
Fuel 30000
audit fee 15000
water 10000
marketing expenses 100000
miscellaneous expenses 50000
Total yearly Operating Cash 2651000
Monthly Operating Cash 220917

12000
10000
10000
32000
75600
Inventory 2000000
Recievable 208333.33
Cash(Operating cash) 220916.67
Total 2429250

Sundry Creditors 1244444

Gross WC 1184806
Initial WC (50%) 592402.78

STL 592402.78
Equity 592402.78
 Income statement of all in one departmental store
Particulars year 1 year 2 year 3
Sales revenue 20,000,000.00 22,000,000.00 24,200,000.00
less:COGS@60% 12,000,000.00 13,200,000.00 14,520,000.00
Gross profit 8,000,000.00 8,800,000.00 9,680,000.00
less: operating expenses
power and electricity 15,000.00 15,750.00 16,537.50
salary 2,431,000.00 2,674,100.00 2,941,510.00
Fuel 30,000.00 30,000.00 30,000.00
audit fee 15,000.00 15,000.00 15,000.00
water 10,000.00 10,000.00 10,000.00
marketing expenses 100,000.00 110,000.00 121,000.00
miscellaneous expenses 50,000.00 50,000.00 50,000.00
preliminary expenses written off 164,000.00 164,000.00 164,000.00
Total operating expenses 2,815,000.00 3,068,850.00 3,348,047.50
EBITDA 5,185,000.00 5,731,150.00 6,331,952.50
Less: depreciation 249,000.00 216,750.00 191,062.50
EBIT 4,936,000.00 5,514,400.00 6,140,890.00
less: interest expenses
short term@12% 71,088.33 - -
long term @10% 155,992.00 122,264.00 88,536.00
net profit before tax 4,708,919.67 5,392,136.00 6,052,354.00
less: tax expenses @25% 1,177,229.92 1,348,034.00 1,513,088.50
Net income for the year 3,531,689.75 4,044,102.00 4,539,265.50

Retained Earnings
Particulars Year 1 Year 2 Year 3
Net Income 3531690 4044102 4539266
Add: Opening R/E 0 3531690 7419692
Income Available 3531690 7575792 11958957
Less: Dividend Given 0 156100 312200
Closing R/E 3531690 7419692 11646757
5% 10%
ntal store
year 4 year 5
26,620,000.00 29,282,000.00
15,972,000.00 17,569,200.00
10,648,000.00 11,712,800.00

17,364.38 18,232.59
3,235,661.00 3,559,227.10
30,000.00 30,000.00
15,000.00 15,000.00
10,000.00 10,000.00 Note
133,100.00 146,410.00 preliminary expenses written off eually for 5 years
50,000.00 50,000.00
164,000.00 164,000.00
3,655,125.38 3,992,869.69
6,992,874.63 7,719,930.31
170,371.88 153,500.16
6,822,502.75 7,566,430.15

- -
54,808.00 21,080.00
6,767,694.75 7,545,350.15
1,691,923.69 1,886,337.54
5,075,771.06 5,659,012.61

Year 4 Year 5
5075771 5659013
11646757 16254227
16722528 21913240
468300 624401
16254227 21288840
15% 20%
eually for 5 years
 Balancesheet
Particulars year 0 year 1
Assets
Current assets
Inventory 2,000,000.00
Account receiveable 208,333.33
Cash and Bank 592,402.78 3,828,326.42
Total current assets 592,402.78 6,036,659.75
Fixed assets 3,396,000.00 3,396,000.00
less: Accumulated depreciation - 249,000.00
Net fixed assets 3,396,000.00 3,147,000.00
Preliminary expenses 820,000.00 656,000.00
Total assets 4,808,402.78 9,839,659.75
Liabilities and equity
Current liabilities
Accounts payable - 1,244,444.44
Short term loan - 592,402.78
Total current liabilities - 1,836,847.22
Long term dept 1,686,400.00 1,349,120.00
Total liabilities 1,686,400.00 3,185,967.22
Equity
Capital 3,122,002.78 3,122,002.78
Retained earning 3,531,689.75
Total equity 3,122,002.78 6,653,692.53
Total liabilities and equity 4,808,402.78 9,839,659.75

Differences - -
Balancesheet
year 2 year 3 year 4 year 5

2,200,000.00 2,420,000.00 2,662,000.00 2,928,200.00

229,166.67 252,083.33 277,291.67 305,020.83
6,893,228.83 11,014,271.00 15,482,647.41 20,347,674.90
9,322,395.50 13,686,354.33 18,421,939.08 23,580,895.73
3,396,000.00 3,396,000.00 3,396,000.00 3,396,000.00
465,750.00 656,812.50 827,184.38 980,684.53
2,930,250.00 2,739,187.50 2,568,815.63 2,415,315.47
492,000.00 328,000.00 164,000.00 -
12,744,645.50 16,753,541.83 21,154,754.70 25,996,211.20

1,191,111.11 1,310,222.22 1,441,244.44 1,585,368.89

- - - -
1,191,111.11 1,310,222.22 1,441,244.44 1,585,368.89
1,011,840.00 674,560.00 337,280.00 -
2,202,951.11 1,984,782.22 1,778,524.44 1,585,368.89

3,122,002.78 3,122,002.78 3,122,002.78 3,122,002.78

7,419,691.61 11,646,756.83 16,254,227.48 21,288,839.54
10,541,694.39 14,768,759.61 19,376,230.26 24,410,842.31
12,744,645.50 16,753,541.83 21,154,754.70 25,996,211.20

- - - -
 Cash Flow statement
S.No. Particulars Initial Year 1
A Cash Flow from Operating Activities
Net Profit 3,531,690
Add: Depreciation 249,000
Preliminary expenses Written off 164,000
(Increase)/Decrease in Inventory (2,000,000)
(Increase)/Decrease in Accounts Recievable (208,333)
Increase/ (Decrease) in Short Term Loan 592,403
Increase/ (Decrease) in Accounts Payable 1,244,444

Net Cash Flow from Operating Activities (A) - 3,573,204

B Cash Flow from Investing Activities
Purchase of fixed assets (3,396,000) -
(Increase)/Decrease in Preliminary Expenses (820,000) -
Net Cash Flow from Investing Activities (B) (4,216,000) -
C Cash Flow from Financing Activities
Dividend Paid -
Increase in Equity 3,122,003 -
Increase/(Decrease) in Long Term Debt 1,686,400 (337,280)

Net Cash Flow from Financing Activites (C) 4,808,403 (337,280)

Net changes in cash (A+B+C) 592,403 3,235,924

Add: Opening Cash Balance - 592,403
Closing Cash Balance 592,403 3,828,326
statement
Year 2 Year 3 Year 4 Year 5

4,044,102 4,539,266 5,075,771 5,659,013

216,750 191,063 170,372 153,500
164,000 164,000 164,000 164,000
(200,000) (220,000) (242,000) (266,200)
(20,833) (22,917) (25,208) (27,729)
(592,403)
(53,333) 119,111 131,022 144,124

3,558,283 4,770,522 5,273,957 5,826,708

- - - -
- - - -
- - - -

(156,100) (312,200) (468,300) (624,401)

- - - -
(337,280) (337,280) (337,280) (337,280)

(493,380) (649,480) (805,580) (961,681)

3,064,902 4,121,042 4,468,376 4,865,027

3,828,326 6,893,229 11,014,271 15,482,647
6,893,229 11,014,271 15,482,647 20,347,675
 Amortization Schedule
Rs. 1,686,400.00 at 10% interest
with 20 quarterly payments
at Constant Principal Payments of Rs. 84320
Total Payments: Rs. 2,129,080.00 Total Interest: Rs. 442,680.00
Schedule of Payments
Year Pmt # Opening Payment Principal Interest
1 1,686,400.00 126,480.00 84,320.00 42,160.00
2 1,602,080.00 124,372.00 84,320.00 40,052.00
Year 1 3 1,517,760.00 122,264.00 84,320.00 37,944.00
4 1,433,440.00 120,156.00 84,320.00 35,836.00
Total 337,280.00 155,992.00
5 1,349,120.00 118,048.00 84,320.00 33,728.00
6 1,264,800.00 115,940.00 84,320.00 31,620.00
Year 2 7 1,180,480.00 113,832.00 84,320.00 29,512.00
8 1,096,160.00 111,724.00 84,320.00 27,404.00
Total 337,280.00 122,264.00
9 1,011,840.00 109,616.00 84,320.00 25,296.00
10 927,520.00 107,508.00 84,320.00 23,188.00
Year 3 11 843,200.00 105,400.00 84,320.00 21,080.00
12 758,880.00 103,292.00 84,320.00 18,972.00
Total 337,280.00 88,536.00
13 674,560.00 101,184.00 84,320.00 16,864.00
14 590,240.00 99,076.00 84,320.00 14,756.00
Year 4 15 505,920.00 96,968.00 84,320.00 12,648.00
16 421,600.00 94,860.00 84,320.00 10,540.00
Total 337,280.00 54,808.00
17 337,280.00 92,752.00 84,320.00 8,432.00
18 252,960.00 90,644.00 84,320.00 6,324.00
Year 5 19 168,640.00 88,536.00 84,320.00 4,216.00
20 84,320.00 86,428.00 84,320.00 2,108.00
Total 337,280.00 21,080.00
Grand
Grand Total 1,686,400.00 442,680.00
Total
2,680.00

Balance For Short-term Loan

1,602,080.00 Amount RATE @12%
Short-term Loan
1,517,760.00 Principal Interest
1,433,440.00 STL 592403 71088
1,349,120.00

1,264,800.00
1,180,480.00
1,096,160.00
1,011,840.00

927,520.00
843,200.00
758,880.00
674,560.00

590,240.00
505,920.00
421,600.00
337,280.00

252,960.00
168,640.00
84,320.00
0.00
 Fixed Assets Schedule

Particulars Amount (NRS.)

Computer
Computer 250,000.00
CCTV 30,000.00
Total 280,000.00

Furniture, Fixtures and Eqipments

Rack 10000
Equipment 100000
Telephone 6000
Total 116000

Warehouse Building 3000000

Total 3000000
Total Fixed Assets 3,396,000.00
 sales forecasting

total online shopper 30,000.00

regular customer 10,000.00
occasional customer 5,000.00
festive season extra customer 10,000.00

1 customer buy worth 800 year 1

for regular 8,000,000.00
occasional 4,000,000.00
festive season 8,000,000.00
Total 20,000,000.00
 Closing Stock/ Purchase
Particulars 1 2 3 4
Opening stock 0 2000000 2200000 2420000
Add: purchase 14000000 13400000 14740000 16214000
14000000 15400000 16940000 18634000
Less: Cogs @ 60% 12000000 13200000 14520000 15972000
Closing Stock 2000000 2200000 2420000 2662000
5
2662000
17835400
20497400
17569200
2928200
Growth Rate 0.10
Year 0 Year 1 Year 2
Sales 20,000,000.00 22,000,000.00

Year 0 Year 1 Year 2

COGS @60% 12,000,000.00 13,200,000.00

Purchase 14,000,000.00 13,400,000.00

Targeted closing Inventory 2,000,000.00 2,200,000.00

Account Payable
Year 0 Year 1 Year 2
Credit Purchase (80%) 11,200,000.00 10,720,000.00
Account Payable (40 Days) 1,244,444.44 1,191,111.11
Increases 1,244,444.44 (53,333.33)

Account recieveable
Year 0 Year 1 Year 2
Credit Sales (75%) 15,000,000.00 16,500,000.00
Account recieveable (5 Days) 208,333.33 229,166.67
Inrcreaes 208,333.33 20,833.33
 0.10 0.10 0.10
Year 3 Year 4 Year 5 Monthly Sales
24,200,000.00 26,620,000.00 29,282,000.00 Yearly Sales

Year 3 Year 4 Year 5

14,520,000.00 15,972,000.00 17,569,200.00

14,740,000.00 16,214,000.00 17,835,400.00

2,420,000.00 2,662,000.00 2,928,200.00 60 days days stock hold

ayable
Year 3 Year 4 Year 5
11,792,000.00 12,971,200.00 14,268,320.00
1,310,222.22 1,441,244.44 1,585,368.89
119,111.11 131,022.22 144,124.44

cieveable
Year 3 Year 4 Year 5
18,150,000.00 19,965,000.00 21,961,500.00
252,083.33 277,291.67 305,020.83
22,916.67 25,208.33 27,729.17
1,666,667
20,000,000
 priliminary expenses written off
Particulars year 0 year 1
Preliminary exp. 820000 820000
lesss:written off 0 164000
Net priliminary expenses 820000 656000
nary expenses written off
year 2 year 3 year 4 year 5
656000 492000 328000 164000
164000 164000 164000 164000
492000 328000 164000 0
 Depreciation under written down value method

DEPRECIATION OF ASSETS
S.No. Particulars Dep Rate Year 0 Year 1
1 Furniture and fixtures 116000 116000
Less: depreciation 25% 0 29000
Net Furniture and Fixtures 116000 87000
2 Computer 280000 280000
Less: depreciation 25% 0 70000
Net Computer 280000 210000
3 Building 3000000 3000000
Less: depreciation 5% 0 150000
Net Building 3000000 2850000
Total Depreciation 0 249000
OF ASSETS
Year 2 Year 3 Year 4 Year 5
87000 65250 48938 36703
21750 16312.5 12234.375 9175.78125
65250 48937.5 36703.125 27527.34375
210000 157500 118125 88594
52500 39375 29531.25 22148
157500 118125 88593.75 66445.3125
2850000 2707500 2572125 2443518.75
142500 135375 128606.25 122175.9375
2707500 2572125 2443518.75 2321342.813
216750 191062.5 170371.875 153500.1563
 salary sheet
position no of staff rate amount year1
CEO 1 50000 650000 650000
Manager 1 40000 520000 520000
Accountant 1 30000 390000 390000
Marketing Staff 1 15000 195000 195000
Packaging staff 2 8000 208000 208000
delivery staff 2 10000 260000 260000
other staff 2 8000 208000 208000
Total 2431000 2431000

salary will increase by 10%

year2 year3 year4 year5
715000 786500 865150 951665
572000 629200 692120 761332
429000 471900 519090 570999
214500 235950 259545 285499.5
228800 251680 276848 304532.8
286000 314600 346060 380666
228800 251680 276848 304532.8
2674100 2941510 3235661 3559227
Particulars Year 1 Year 2 Year 3
Liquidity Ratio
Current Ratio 3.29 7.83 10.45
Quick Ratio 2.20 5.98 8.60
Efficiency Ratio
Inventory Turnover (times) 6.00 6.00 6.00
Fixed Assets Turnover (Times) 5.89 6.99 8.26
Days Sales Outstanding (Days) 6.25 6.25 6.25
Total Assets Turnover (Times) 2.03 1.73 1.44
Profitability Ratio
Net Profit Margin 18% 18% 19%
ROA 36% 32% 27%
Return on common stock 113% 130% 145%
ROE 53% 38% 31%
Dividend Payout Ratio 0% 4% 7%
Solvency Ratio
Debt to equity 0.29 0.10 0.05
Times Interest Earned 1.40 1.36 1.35
Total assets to equity 1.48 1.21 1.13
Year 4 Year 5

12.78 14.87
10.93 13.03

6.00 6.00
9.72 11.40
6.25 6.25
1.26 1.13

19% 19%
24% 22%
163% 181%
26% 23%
9% 11%

0.02 0.00
1.34 1.34
1.09 1.06
Particulars Month 1 Month 2 Month 3 Month 4
Website Design Complition
Godawn bulding
Registration
Material Purchased
Advertisement
Hiring Staff/Employes
Regular Operation
Month 5 Month 6 Month 7 Month 8
 Rate of Return @15% p.a.
Calculation of PBP, NPV, IRR, MIRR
Year Cash Flow Cummulative Cashflow PVIF @ 15%
- (4,808,402.78) (4,808,402.78)
1.00 3,944,689.75 (863,713.03) 0.87
2.00 4,424,852.00 3,561,138.97 0.76
3.00 4,894,328.00 8,455,466.97 0.66
4.00 5,410,142.94 13,865,609.91 0.57
5.00 5,976,512.77 19,842,122.68 0.50
NPV

IRR 87%
MIRR 43%
PBP 2.611 years
Return @15% p.a.
f PBP, NPV, IRR, MIRR
Discounted CFAT Cummulative Discounted CFAT
(4,808,402.78) (4,808,402.78)
(751,084.85) (5,559,487.63)
2,692,577.18 (2,866,910.45)
5,559,469.53 2,692,559.08
7,928,355.75 10,620,914.83
9,865,503.40 20,486,418.23
20,486,418.23
Fixed Cost Year 1 Year 2 Year 3 Year 4
Fuel 30,000.00 30,000.00 30,000.00 30,000.00
audit fee 15,000.00 15,000.00 15,000.00 15,000.00
water 10,000.00 10,000.00 10,000.00 10,000.00
miscellaneous expenses 50,000.00 50,000.00 50,000.00 50,000.00
Depreciation 249,000.00 216,750.00 191,062.50 170,371.88
Total 354000 321750 296062.5 275371.875

BEP sales in Rs.

Year 1 Year 2 Year 3 Year 4
Fixed Cost 354,000.00 321,750.00 296,062.50 275,371.88
CM Ratio 40% 40% 40% 40%
BEP sales 885,000.00 804,375.00 740,156.25 688,429.69
Year 5
30,000.00
15,000.00
10,000.00
50,000.00
153,500.16
258500.15625

Year 5
258,500.16
40%
646,250.39