MASIYA PETROLEUM PRODUCTS LIMITED

Monthly Cash Flow Projection

Explanation of Data to Enter

1. CASH ON HAND
[Beginning of month] Cash on hand same as (7), Cash Position Previous Month
2. CASH RECEIPTS
(a) Cash Sales All cash sales. Omit credit sales unless cash is actually received.
(b) Collections from Credit Accounts Amount to be expected from all credit accounts.
(c) Loan or Other Cash Injection Indicate here all cash injections not shown in 2(a) or 2(b) above. See "A" of "Analysis" on Guidelines worksheet.
3. TOTAL CASH RECEIPTS
[2a + 2b + 2c=3] Self-explanatory
4. TOTAL CASH AVAILABLE
[Before cash out] (1 + 3) Self-explanatory
5. CASH PAID OUT
(a) Purchases (Merchandise) Merchandise for resale or for use in product [paid for in current month] Fuel projected based on past performance
(b) Gross Wages (excludes withdrawals) Base pay plus overtime
(c) Payroll Expenses (Taxes, etc.) Include paid vacations, paid sick leave, health insurance, unemployment insurance
(d) Outside Services This could include outside labor and/or materials for specialized overflow work, including subcontracting
(e) Supplies (Office and operating) Items purchased for use in the business
(f) Repairs and Maintenance Include periodic large expenditures such as repair of broken equipment
(g) Advertising This amount should be adequate to maintain sales volume – include telephone book yellow page cost
(h) Auto, Delivery, and Travel If personal vehicle is used, charge in this column – include parking
(i) Accounting and Legal Outside services, including, for example, bookkeeping and tax return preparation
(j) Rent Real estate Office rent
(k) Telephone Self-explanatory
(l) Utilities Water, heat, light, and/or power
(m) Insurance Coverages on business property and products, e.g., fire, liability; also workers' compensation, fidelity, etc. Exclude "executive life [include in "5w"]
(n) Taxes Plus inventory tax – sales tax – excise tax, if applicable
(o) Interest Remember to add interest on loan as it is injected [See 2(c) above]
(p) Other Expenses [Specify each] Unexpected expenditures may be included here as a safety factor
Equipment expenses during the month should be included here [Non-capital equipment]
When equipment is rented or leased, record payments here
(q) Miscellaneous [Unspecified] Small expenditures for which separate accounts would not be practical
(r) Subtotal This subtotal indicates cash out for operating costs
(s) Loan Principal Payment Include payment on all loans, including vehicle and equipment purchases on time payment
(t) Capital Purchases [Specify] Non-expensed [depreciable] expenditures such as equipment, building, vehicle purchases, and leasehold improvements
(u) Other Start-up Costs Expenses incurred prior to first month projection and paid after the "start-up" position
(v) Reserve and/or Escrow [Specify] Example: insurance, tax, or equipment escrow to reduce impact of large periodic payments
(w) Owner's Withdrawal Should include payment for such things as owner's income tax, social security, health insurance, "executive" life insurance premiums, etc.
6. TOTAL CASH PAID OUT
[Total 5a thru 5w] Self-explanatory
7. CASH POSITION
[End of month] (4 minus 6) Enter this amount in (1) Cash on Hand following month – See "A" of "Analysis"
ESSENTIAL OPERATING DATA This is basic information necessary for proper planning and for proper cash flow projection. In conjunction with this data, the cash flow can be evolved
[Non-cash flow information] and shown in the above form.
This is a very important figure and should be estimated carefully, taking into account size of facility and employee output as well as realistic
A. Sales Volume [Kwachas] anticipated sales [Actual sales performed – not orders received]
B. Accounts Receivable [End of Month] Previous unpaid credit sales plus current month's credit sales, less amounts received current month [deduct "C" below]
C. Bad Debt [End of Month] Bad debts should be subtracted from (B) in the month anticipated
D. Inventory on Hand [End of Month] Last month's inventory plus merchandise received and/or manufactured current month minus amount sold current month
E. Accounts Payable [End of Month] Previous month's payable plus current month's payable minus amount paid during month
F. Depreciation Established by your accountant, or value of all your equipment divided by useful life [in months] as allowed by Internal Revenue Service
Monthly Cash Flow Projection
MASIYA PETROLEUM PRODUCTS LIMITED
Jan-23
Pre-Startup Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23
1. CASH ON HAND
[Beginning of month] 154,000 (1,212,300) (1,167,517) (1,102,307) (1,004,836) (860,486) (651,484) (356,434) 50,234 598,929 1,325,685
2. CASH RECEIPTS
(a) Cash Sales 985,000 1,132,750 1,302,663 1,498,062 1,722,771 1,981,187 2,278,365 2,620,120 3,013,138 3,465,108 3,984,874
(b) Collections from Credit Accounts 520,000 492,891 467,195 442,839 419,753 397,870 377,128 357,467 338,831 321,167 304,424
(c) Loan or Other Cash Injection
3. TOTAL CASH RECEIPTS
[2a + 2b + 2c=3] - 1,505,000 1,625,641 1,769,858 1,940,901 2,142,524 2,379,057 2,655,493 2,977,587 3,351,969 3,786,275 4,289,298
4. TOTAL CASH AVAILABLE
[Before cash out] (1 + 3) - 1,659,000 413,341 602,341 838,594 1,137,688 1,518,570 2,004,009 2,621,153 3,402,203 4,385,205 5,614,983
5. CASH PAID OUT
(a) Purchases (Merchandise) 1,200,000 1,320,000 1,452,000 1,597,200 1,756,920 1,932,612 2,125,873 2,338,461 2,572,307 2,829,537 3,112,491
(b) Gross Wages (excludes withdrawals) 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
(c) Payroll Expenses (Taxes, etc.) 5,550 5,550 5,550 5,550 5,550 5,550 5,550 5,550 5,550 5,550 5,550
(d) Outside Services 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500
(e) Supplies (Office and operating) 5,000 5,275 5,565 5,871 6,194 6,535 6,894 7,273 7,673 8,095 8,541
(f) Repairs and Maintenance 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
(g) Advertising 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200
(h) Auto, Delivery, and Travel 4,500 4,748 5,009 5,284 5,575 5,881 6,205 6,546 6,906 7,286 7,687
(i) Accounting and Legal 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
(j) Rent 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
(k) Telephone 500 500 500 500 500 500 500 500 500 500 500
(l) Utilities 550 586 624 664 708 754 803 855 910 969 1,032
(m) Insurance 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500
(n) Taxes 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
(o) Interest 55,000 44,000 35,200 28,160 22,528 18,022 14,418 11,534 9,227 7,382 5,906
(p) Other Expenses [Specify each] - - - - - - - - - - -

(q) Miscellaneous [Unspecified] 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
(r) Subtotal - 1,366,300 1,475,858 1,599,648 1,738,430 1,893,174 2,065,054 2,255,443 2,465,919 2,698,274 2,954,520 3,236,906
(s) Loan Principal Payment projected 105,000 105,000 105,000 105,000 105,000 105,000 105,000 105,000 105,000 105,000 105,000
(t) Capital Purchases (fuel) 950,000
(u) Other Start-up Costs
(v) Reserve for transportation and others 450,000
(w) Owner's Withdrawal
6. TOTAL CASH PAID OUT
[Total 5a thru 5w] - 2,871,300 1,580,858 1,704,648 1,843,430 1,998,174 2,170,054 2,360,443 2,570,919 2,803,274 3,059,520 3,341,906
7. CASH POSITION
[End of month] (4 minus 6) - (1,212,300) (1,167,517) (1,102,307) (1,004,836) (860,486) (651,484) (356,434) 50,234 598,929 1,325,685 2,273,077
ESSENTIAL OPERATING DATA
[Non-cash flow information]
A. Sales Volume [Kwachas] 550,000
B. Accounts Receivable [End of Month] 250,000
C. Bad Debt [End of Month] 25,000
D. Inventory on Hand [End of Month] 180,000
E. Accounts Payable [End of Month] 165,000
F. Depreciation 9,500
Dec-23 TOTAL

2,273,077

4,582,606 28,566,642
288,553 4,728,119
-

4,871,159 33,294,761

7,144,236

3,423,740 25,661,141
50,000 600,000
5,550 66,600
2,500 30,000
9,010 81,928
7,500 90,000
1,200 14,400
8,109 73,735
3,000 36,000
15,000 180,000
500 6,000
1,100 9,554
4,500 54,000
10,000 120,000
4,724 256,102
- -
-
-
1,500 18,000
3,547,934 27,297,460
105,000 1,260,000
950,000
-
450,000
-

3,652,934 29,957,460

3,491,302
Monthly Cash Flow Projection
MASIYA PETROLEUM PRODUCTS LIMITED
FY 2024 - FY 2027
Pre-Startup FY 2024 FY2025 FY2026 FY2027 TOTAL
2. CASH RECEIPTS
(a) Cash Sales 33,294,761 38,288,975 44,032,322 50,637,170 166,253,228
(b) Collections from Credit Accounts 4,728,119 4,481,629 4,247,990 4,026,531 17,484,269

3. TOTAL CASH RECEIPTS

[2a + 2b + 2c=3] 38,022,880 42,770,605 48,280,312 54,663,701 183,737,497

4. TOTAL CASH AVAILABLE

[Before cash out] (1 + 3) 38,022,880 42,770,605 48,280,312 54,663,701
5. CASH PAID OUT
(a) Purchases (Merchandise) 25,661,141 28,227,255 31,049,980 34,154,978 119,093,353
(b) Gross Wages (excludes withdrawals) 600,000 690,000 793,500 912,525 2,996,025
(c) Payroll Expenses (Taxes, etc.) 66,600 76,590 88,079 101,290 332,559
(d) Outside Services 30,000 37,500 46,875 58,594 172,969
(e) Supplies (Office and operating) 81,928 102,410 108,042 113,985 406,365
(f) Repairs and Maintenance 90,000 112,500 140,625 175,781 518,906
(g) Advertising 14,400 18,000 22,500 28,125 83,025
(h) Auto, Delivery, and Travel 73,735 77,791 82,069 86,583 320,178
(i) Accounting and Legal 36,000 41,400 47,610 54,752 179,762
(j) Rent 180,000 225,000 281,250 351,563 1,037,813
(k) Telephone 6,000 6,900 7,935 9,125 29,960
(l) Utilities 9,554 10,175 10,836 11,541 42,106
(m) Insurance 54,000 62,100 71,415 82,127 269,642
(n) Taxes 120,000 138,000 158,700 182,505 599,205
(o) Interest 256,102 204,882 163,905 131,124 756,014
(p) Other Expenses [Specify each] - - - - -
-
-
(q) Miscellaneous [Unspecified] 18,000 20,700 23,805 27,376 89,881
(r) Subtotal - 27,297,460 30,051,202 33,097,127 36,481,973 126,927,761
(s) Loan Principal Payment projected 1,260,000 1,260,000 1,260,000 1,260,000 5,040,000
(u) Other Start-up Costs -
(v) Reserve for transportation and others 150,000 172,500 198,375 228,131 749,006
(w) Owner's Withdrawal -
6. TOTAL CASH PAID OUT
[Total 5a thru 5w] - 28,707,460 31,483,702 34,555,502 37,970,104 132,716,768
7. CASH POSITION
[End of month] (4 minus 6) - 9,315,420 11,286,903 13,724,810 16,693,596