E-BUSINESS PLAN

Chatrabas

Samakhusi, Kathmandu

Contact no.-9843761681

Website;www.chatrabas.com

Submitted by:

Pramisha Dhungana

BBA- 8th sem

Citizen College

Submitted to;

Shyam Gopal Timisina

Satdobato,Lalitpur

July ,2019

1
Plan
The idea of my new venture is starting a Chatrabas.com, a private limited firm which focuses to
provide complete and relievable information about the available hostel in Kathmandu through a
web portal. The firm will be located at samakhusi, Kathmandu.

OPPORTUNITIY IDENTIFICATION
The opportunity is identified by the problem that is faced by the students while searching for
hostels. Many students comes to Kathmandu every year for their higher education and they find
it very difficult to find the place to live, we serve them by providing the information of available
hostel in Kathmandu so that they can browse about the available hostel sitting in their home
town. Students can find the information about majority of hostels in Kathmandu with just a click.

Industry Attractiveness
Web based industry is not much develop in our country but there is huge opportunity as use of
technology and internet is increasing day by day. Concept of providing the information about the
hostels through web portal is almost new and fresh. Mero hostel.com is one and only firm
existing in the market providing the online information of hostel as we plan to do. Mero
hostel.com provides the information of 200 hostels in Kathmandu. There are more than 300
hostels in Kathmandu and many hostel owners are eager provide the information of their hostel
through the web portals like Chatrabas.com.

Macro level

At the macro level, the industry attractiveness is examined by the five forces identified by
Michael porter and they are:

 Threat of new entrant

 Buyer power
 Supplier power
 Threat of substitutes
 Competitive rivalry

As Chatrabas.com is web based business, there is always a high chance of threat of new
entrance. New forms with similar ideas and technology can easily enter the market such risk
can be managed by implementing barriers to entry (patents and rights)

2
The buyer power is high if the buyer has many alternatives. The buyer power is low if they act
independently. To attract the customers, we have planned to provide discount on admission fee
for students who find hostel through chatrabas.com. And also charge minimum advertisement fee
for the hostel owner for 2 years. This could generate loyal customers.

Our suppliers are hostel owner of Kathmandu. They have high option and high bargaining
power. If hostel owner prohibits us to put the information of their hostel on web, this could be
the huge problem. We have to keep our suppliers (hostel owner) happy and satisfied with
recognition and feel of importance.

There are substitutes to the service we are offering. Students can get the information about the
hostel from different web pages like yellow page Nepal. Other than this hostels owner
themselves are creating the web page for their hostel. Differentiation and quality service is only
the way for us to survive and compete.

Competitive rivalry is one of the major determinants of the competitiveness of the industry.
Several factors to deal with competitors are listed below:

 Updating the image continuously through innovation

 Aggressive marketing program by synchronizing the programs to fulfill customer
expectation
 Differentiating ourselves from the competitors.

Micro level

The main advantage of my business would be to provide accurate information about hostels with
free of cost. This would increase the number of students visiting the website which benefits our
business by taking cost from hostel owner.

The team’s business mission, personal aspiration and risk propensity

To solve the problem of finding the best hostel in Kathmandu valley is our mission. Many
students comes to Kathmandu every year for their higher education and they find it very difficult
to find the place to live, we serve them by providing the information of available hostel in
Kathmandu so that they can browse about the available hostel sitting in their home town.

After the many years of operation, the business will create the strong, unique and favorable
image of brand in the mind of customer for providing detailed and customized information about
the available hostel and also become No.1 advertising platform for different hostel in all over
Nepal. We pride ourselves on providing the hostel that feels like home.

3
There is always a lot of risk associated with startup. Future is uncertain and very unpredictable.
The business requires a large amount of funding for its establishment, so this business is
basically risky.

The team’s ability to execute on the critical success factors

Every business has the critical success factor; similarly my business plan also has some critical
success factor without which the success of business is not possible. Each students searching for
the hostel consider different factor such as cost, location, environment, facility etc. We seriously
consider this factor and other relevant factors as well as provide the customized information
accordingly. We observe each and every activity of the user and provide the information
according to their need. We don’t only provide services to the students looking for the hostel but
we also provide service to the hostel owner who wants to promote their hostel.

The team’s connectedness up, down and across the value chain
Good and long term relation with the personnel who are serving and giving their full support to
put the chatrabas.com in the summit of market is necessary to sustain the business without any
obstacles. In chatrabas.com the first and foremost thing is to develop the relation with students
because if the students will be satisfied then the website will reach at its goal and can be popular.
If it will be possible then hostels personnel will automatically contact us for their advertisement.
For making good relationship the students should not be charged any money for searching hostel
and the money should be taken from hostel owner only.

CUSTOMER VALUE PROPOSITION CANVAS

Market Segment

Customer Job

 Web page to find best fit hostel

 Mobile based application to find best fit hostel
 Get the customized information according to preferred location and fee.
 Online advance booking of hostels
 Good advertising platform for different hostels in valley

Gain

4
  Time and effort saving
 Advanced technology
 Customized information
 Discount on admission fee
 Economical
 Easily accessible

Pains

 Security issues
 Cannot be easily trusted

Customer Segment

Gain creator

 Time and effort saving

 Easy to use
 Provide the portal that connects more than 250 hostels to the students and potential hostel
users
 Provide detailed and customized information about the available hostel in Kathmandu
 Customer oriented service to provide best solution to their problem
 Satisfied with quality service

Pain Relievers

 High security maintenance



Product/Services

 Easy and reliable online portal which provide the acurate information about hostels
 Customer oriented service.
 Experienced and Educated management team.

5
BUSINESS MODEL CANVAS
Customer Segment

 All class student

 Income level Rs 30000 monthly
 All the students either from the valley or out of valley.
 Mainly focus on students (boys and girls) who have crossed 15 years age as well as hostel

Value Propositions

 Accurate information to solve the problem while searching the hostels

 Advertising platform for hostels
 Online booking made for easily accessible of the service.

Channels

 Awareness through TV ads, brochures, brochures, online presence.

 Advance online booking.
 Personal checking and talking with other people

Customer Relationship

 Discount
 More facility
 Feedbacks

Key Partners

 Hostel
 Advertising partners

Key Activities

 Update the information

Key Resources

 Human Capital
 Online user

6
Cost Structure

 Website maintenance
 Safety and security.
 Hiring people.
 Web server.

Revenue stream

a. Advertising fee from hostel

PROBLEM DEFINATION
Without a problem no business can exist and operate. A matter or situation regarded as
unwelcome or harmful and needing to be dealt with and overcome. The definition of the policy
problem can be defined as a detailed and operational description of the difference between the
existing situation and the desired situation. Objectives are made in accordance to the problems
that is which would solve the problem.

Student and people has faced many problems while searching the hostels in Kathmandu valley.
There is a problem of finding the best match hostel in Kathmandu valley. In this business plan
problem has identified by getting knowledge about the problem face by the students and people.
Some of the problems students are facing which are the reasons for creating this business plan
are described below:

a. Lack of time: Many students come to Kathmandu every year for their higher
education and they find very difficult to find the best hostel at short period of
time. Student does not have enough time to find best hostel at low cost with
maximum facility as they don’t have much information about Kathmandu places.

b. Cost problem: There are many hostels in Kathmandu valley with different
different costs and they don’t have much knowledge to compare the rate of
hostels due to lack of time.

c. Environment: There are different place with different types of environment in

Kathmandu valley and parents cannot search sound environment for their children
to live and study.

7
 d. Facilities: though there are many hostels with different facilities and features.
Most of the parents and students are in dilemma for choosing the good hostels due
to it.

Thus above pointed are some of the specific problems which give them reason to
visit my website.

SOLUTIONS
If there were no any problem to the customer, there would be no any reasons to start a business.
A solution means of solving a problem or dealing with difficult situation. Where there is problem
there is alternatives to solve it. My website will provide the accurate information about hostel for
student satisfaction.

Following are some of the solution to the problems above mentioned that my Chatrabas.com will
provide at the fullest:

a. Best hostel in limited time: Chatrabas.com saves the time of the parents and students
because it provides enough details about qualitative and every hostels in Kathmandu
valley.

b. Minimum cost: Chatrabas.com provides the fee structure of all the hostels. Parents can
choose the best hostel that they can afford and the money of parents will be saved as they
don’t have to come in Kathmandu. They can book the hostel in advance.

c. Best facilities: Chatrabas.com provides every detail about facilities provided by hostels.
Thus parents can choose the hostels with those facilities that they need for their children.

d. Good environment: Chatrabas.com provides every detail about internal environment and
the environment of place where it is located so that parents and students can choose
suitable environment for them.

Thus above mentioned are the solution to problems that my website will provide to people.
Customer will feel satisfied.

8
BUSINESS MODEL
 Customer Segment: The targeted customers of this business are the upper class and
upper middle class people with having monthly income Rs30000. Our targeted customers
are students, hostel owner, and parents and mainly focus on students (boys and girls) who
have crossed 15 years age as well as hostel. The business will establish in samakhusi
Kathmandu.
 Value Propositions: The chatrabas.com creates many values to the targeted customers.
The website will provide accurate information to solve the problem while searching the
hostels and advertising platform for hostels which gives more details and information
about hostel to the customer. It also provides the facility of online booking of hostel in
advance to the customer.
 Channels: Targeted customer will be given awareness about our service through TV
ads, brochures, online presence, and magazines. Customers can purchase the service
through online booking or personal visiting to the place. Customer can get information by
Personal checking and talking with other people.

 Customer Relationship: Customers should be informed and happy in order to have long
term relationships with them. Discounts can be offered to the customer when they search
hostel through the chatrabas.com. The feedback of the customer wills highly appreciated
.Chatrabas.com will provide more facility to the customer for the customer satisfaction.

 Key Partners: Hostels are key partners in business organization. The chatrabas.com and
hostels are interrelated with each other. Customer visited our website to get information
about hostels. Chatrabas.com is also advertising platform for hostel so advertising partner
are also important for business.

 Key Activities: Key activities are very important activities in the business without which
business cannot run successfully. The key activities of this business are update the
information and maintaining relation with customer.

 Key Resources: The Key Resources describes the most important assets within a
company that make a business model work. These generally include Human Capital and
Online user.

 Cost Structure: The Cost Structure describes all costs incurred to operate a business
model, for example in creating and delivering value, maintaining Customer
Relationships, and generating revenue. The costs involved in this business are in the areas
such as website maintenance, Safety and security, Hiring people and Web server.

9
Revenue Streams: The Revenue Stream describes how a company will generate cash from each
Customer Segment. Our company generates the revenue from the advertising the hostels.

MARKET AND COMPETITION

Customer Validation (CVP Canvas)

Customer validation is the phase of the customer development model where you obtain hard
evidence regarding the possible success of your business model. Customer validation helps
you avoid building a product that no one wants. This phase is important because you find out
whether your assumptions regarding customers are true or false. Customer validation was all
about figuring out who your customers are and how to reach them.

Chatrabas.com is the small start-up company that basically provides service to all the students
and people looking to find the hostel in Kathmandu. Along with this, it also provides web outlet
for many hostels in Kathmandu. We just bring together the students who are searching for the
hostels and hostel owner who are trying to promote their hostel. It will be very good and
effective advertising platform for different hostel in Kathmandu.

People get much option of different hostels with accurate information which huge benefit to
consumers on a global scale. Chatrabas.com makes it possible for enjoyment and makes the life
of the consumer easier, more comfortable and pleasant by providing right information. Student’s
requirement that is not fulfilled by the existing website of hostel will be provided by this
business. This business will help to increase the happiness of people and reduce the
dissatisfaction.

Market
The market of the chatrabas.com has been divided into three market group. They are:

Total Available Market (TAM) is the total market demand for a product and service. One
approach is to estimate how much of the market any company can gain if there were no
competitors. Chatrabas.com advertises the hostel of Kathmandu through internet in all over
Nepal. The total available market is the students in Kathmandu valley and around the valley that
is about 1,000,000.

Service Available Market (SAM) is serviceable available market is the part of the total market
that can actually be reached. Our main target will definitely be the students outside the valley in
Kathmandu. As it is internet based service, there is no need to be location specific but also
initially company will be focusing on urban areas with high number of prospective customer and
internet accessibility. So, in this business case the geographical region that we can actually be
reached is the student of urban areas like Biratnagar, Birgunj, Chitwan, Pokhara, and Nepalgunj
and student is 500,000.

10
Size of Market (SOM) refers to the number of students from outside the valley. In case of our
product, students are very likely to get attracted towards our website but not all of them will use
it. Among 5 million potential customers we can take hold of 50% of them that will be around 2.5
million customers.

Competitive Landscape
A competitive landscape is an analysis of how a business compares within the competitive
climate. The analysis of the competitive landscape attempts to identify and understand the
drivers and contextual elements that facilitate the evolution of competitiveness.

All businesses face competition. Competitor could be a new business offering a substitute or
similar product or services that makes your own redundant. Once the competitors have been
identified, company has to analysis competition and understands what impact your competitors
have on the market. Existing companies are providing the same services and make revenue from
it. There is only one existing company in our market which is providing the similar services
(providing the online information of hostels) we are planning to do. It is Mero hostel.com. Web
based industry is not much developed in our country but there is huge opportunity as use of
technology and internet is increasing day by day.

Strategic Map/ Competitive Grid

Below is the strategic map, comparing the features of the business between self and of the
competitors, rated between 1-10, 1 being low and 10 being high.

S.no. Features of the business Self Competitive

1. Time and effort saving 10 9

2. Quality of service 8 7

3. Technology 7 6

4. Customer Relation 7 7

5. Revenue generation sources 8 7

11
 12

10 10
9
8 8 8
7 7 7 7
6 6
Self
4 Competitive

0
Time and Quality of Technology Customer Revenue
effort service Relation generation
saving sources

MARKETING AND SALES

FAB Analysis

FAB stands for Features, Advantages, and Benefits. A FAB Analysis is explaining the feature,
what it does (the advantage), and how that benefits the prospective client.

Features are one of the easier things to identify. These are facts or characteristics about your
business, products, and services.

Advantages are what the features do. These tend to be factual, and aren’t connected to a
prospects need

Benefits answer why someone should value the advantage. It connects the facts about your
product to a solution for your client.

Features of service Advantage to customer Benefits to investor

12
Service Convenient, easy and quick Incur no cost in reaching the
information about the hostels. markets and provide optimal
Advance booking and discount rate. level customer services to
improve revenue.

Time and effort saving Compare prices of many hostels in Satisfied customer
one click sitting at home.

Technology Up to date information about price, Growth of new and advance

quality and other features of technology connects the rural
hostels. students with hostels.

Advertising platform Advertising platform for different Main source of revenue

hostels.

Segmentation, Targeting and Positioning

Market Segmentation

This is a mere matter of population dynamics for determining market segments. The market for
chatrabas.com is segmented based on geographical, demographical and psychographic
segmentation.

 Geographical segmentation: The area for the segmentation is dividing into urban cities,
rural area and capital city (Kathmandu).

 Demographical segmentation: Based on demographic, the market is segmented based

on educational level, household income and age.

 Psychographic segmentation: lifestyle is considered as a basis for psychographic

segmentation.

Market Targeting

13
After segmentation is done we have to target the specific segment based on the characteristics of
services we will be providing. Market targeting strategies for all ranges of services provided are
described below:

Urban Areas

Rather than the student from rural area our main targeted student will be from urban area like
Biratnagar, Birgunj, Chitwan, Pokhara, and Nepalgunj. Kathmandu is hub for the colleges with
wide range of variety. Student from other urban parts of Nepal usually come Kathmandu for their
higher education after completion of bachelor’s level or after the completion of +2 levels.

Education

The target segments based on education are students from +2 levels to bachelor’s level. This
group of people usually search hostel to stay instead of hiring flat or room. There will be extra
cost associated with the arrangement of equipment for flat or room which students want to avoid.
Parents will also be relieved if any hostel would take care of their children.

Household Income

We are targeting the student whose monthly household income is at least Rs.30000. People
whose monthly income is less than Rs.30000 might not afford to stay in hostel and they might
head out for other option.

Lifestyle

Students who prefer not to take unnecessary hassle to find proper room or flat and arrange
equipment required for flat or room setup will be our target group. Students who want to focus
on studies and save time from cooking washing clothes and other stuff will be targeted.

Positioning

It is process of creating the strong, unique and favorable image of brand in the mind of customer.
Chatrabas.com is an internet based business which is providing new kind of service to the
people. Our first challenge is to make the people aware about the service we are offering and
make them habituated to it. We want to change the way people search for their best fit hostel. We
will provide all the necessary information about the hostels and student just need to login in our
website to find their best fit hostel in Kathmandu. We will follow aggressive marketing strategies

14
for positioning the service in the people’s head. The service will be positioned by slogan “Easy
way to find the best hostels is chatrabas.com.”

Locating Micro Market

Product/Services Benefits Beneficiary sponsor influencers

Online information Time and effort Students, hostel Parents Friends,

about hostel saving owners parents,
facilities,
information

Pricing

Chatrabas.com will charge nothing for the students and users using our web page or mobile
application. We have planned to charge minimum fee of Rs.300 per month for the hostel owner
for initial two years as an advertising fee. The pricing followed by the chatrabas.com is market-
oriented pricing. Prices are forecasted based upon analysis and research complied from market.
Price is somewhat similar to that of competitors. It is forecasted to generate NPR 56 lakhs in its
fifth year from current service offering. The payments will be received through direct bank
deposits or cash deposit in office located at samakhusi.

Channel

The service of my business will be delivered through the internet and direct contact with hostel
owners.

Communication Mix

To communicate about the services, different media like Advertising media, newspaper,
Business magazines and internet will be used. Besides we’ll be focusing on increasing the
publicity of our business through activities like: sponsoring in public Medias, scholarship,
organizing campaign, supporting green energy program etc.

Funneling

 The students and people of all over Nepal are the available customers.

15
  S

 The final customers of my business are the students and people from out of valley.

Financial Plan
Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a
business’s financial statements to make better economic decisions. These statements include the
Income statement, balance sheet, and statement of cash flows.

Key Assumption

 60% investment will be on debt and 40% on equity.

 Depreciation rate of furniture and fixture is 15% and 20% for computer equipment and
printer
 Tax is payable at 25% of revenues
 Salary will be increased by 10% from 3rd year.
 Rent will be increased by 10% each year and electricity expenses will be increased by 5%
each year.
 Short term loan of NRs 200,000 will be taken at the end of first year at interest rate of
12%. Short term loan has to be paid on the end of second year.

16
Start-up costs

Decoration
Carpeting 10000 1 10000
Curtains 600 5 3000
Pictures and frames 1000 2 2000
Total decoration 15000
equipments
Office Equipment
Computer set
Desktop 30000 1 30000
Laptop 45000 3 135000
Printer 25000 1 25000
Others equipments 5000 1 5000
Total office 195000
equipments

Description Rate
Furniture and fixture
Counter Desk 8,000
Chair :
Normal 13,500
Arm chair 7,500
Working Desk 12,000
Visitors table 4,000
Visitors Sofa 8,500
Inverter/ battery 60,000
Water Dispencer/filter 4,500
Total furniture 118,000

17
Other beginning cost

Description Amount Rs
Business Register 4100
Legal expenses 4000
Decoration expenses 15000
It expenses( website development) 60000
Preliminary
Total 83100 expenses

Preliminary expenses

Year 1 Year 2 Year 3 Year 4 Year 5

16,620 16,620 16,620 16,620 16,620 Preliminary expenses
written off
66,480 49,860 33,240 16,620 - Book value

18
Preliminary Expenses Write Off

Start Up costs

Particulars Amounts (Rs)

Office Equipment 195,000
Furniture and fixtures 118,000
Preliminary expenses 83,100
Total cost 396,100
Cash in Hand 503,900
Total fund needed 900,000

The total start off costs for the business is NPR 396,100. These costs are estimated based on
prevailing market rate of the assets and equipments. Preliminary expenses are NPR 83,100
which are written off equally for 5 years. The fund required is 900,000 and minimum cash
in hand is NPR 503,900.

Particulars Amount (Rs)

Equity (40%) 360,000
Debt (60%) 540,000
Total Capital 900,000

19
Income Statement

Particulars Year 1 Year 2 Year 3 Year 4 Year 5

Revenews
Advertising Revenue 384,000 144,0000 2160000 3600000 4500000
Revenue from Hostels 288,000 504,000 912,000 1,056,000 1104000
Total Revenue 672,000 1,944,000 3,072,000 4,656,000 5,604,000
Total operating 1,265,320 1,280,465 1,531,548 1,663,607 1,812,461
expenses
Operating Income -593,320 663,535 1540452 2,992,393 3,791,539
(Loss)
Interest on loan 64,800.00 54,599.85 43,175.68 30,380.61 16,050.13
Interest on short term 24,000.00
loan
Earning before tax( (658,120.00) 584,935.15 1,141,253.26 2,962,012.38 3,775,488.50
EBT)
Corporate tax (25%) - - 356,022.80 740,503.09 943,872.13
Net income after tax (658,120.00) 584,935.15 1,141,253.26 2,221,509.28 2,831,616.38
Add: Depreciation 56,700 46245 37,748 30838 25214
Add: Preliminary 16620 16620 16620 16620 16620
expenses
Net cash after tax (584,800.00) 647,800.15 1,195,621.51 2,268,967.29 2,873,450.29

During the first year of operation it is expected that only 80 hostel will be tied up with us.
We will charge minimum amount of NRSs 300 per month for the hostels. During first six
months we don’t expect any advertising revenue. During the first year we expect to generate
revenue of NRs 67200. After second year we plan to charge NRs 400 for the hostels as an
advertising fee. In the fifth year we expect 230 hostels and 25 advertising clients to be tied up
with us creating the total revenue of NRs 5,604,000.

The revenues generated are from the operating revenues which are gradually increasing each
year. The expenses are operating expenses. In First year there is loss but there is profit from
second year of operation. Rent is increased by 10% each year and salary is expected to
increase by 10% from 3rd year onwards.

20
Cash Flow Statement

Cash
Flow
Particulars Year 0 Year 1 Year 2 Year 3 Year 4 Year 5

A Opening balance 503,900 34,099 386,697 1475,693 3625,240

Add: Cash Inflows

Equity 360,000

Loan 540,000

Cash sales 672,000 1944,000 3072,000 4656,000 5604,000

Short term borrowing 200,000

Total cash available 900,000 1375,900 1978,099 3458,697 6131,693 9229,240

B Payments

Loan installment 149,801 149,801 149,801 149,801 149,801

payment
Purchase fixed assets 313,000

Operating Exp less 1,192,000 1,217,600 1,477,180 1,616,149 1,770,627

depreciation and P.E

Tax 356,023 740,503 943,872

Preliminary expenses 83,100

Payment of short term 224,000

loan
Total cash outflow 396,100 1,341,801 1,591,401 1,983,004 2,506,453 2,864,301

C. surplus/ Deficit 5,03,900 34,099 386,697 1,475,693 3,625,240 6,364,939

In the first year of operation, cash flow is less therefore there will be short term borrowing of
NRs 200,000. Short term borrowing has to be paid on second year with 12% interest rate.
Cash balance is NPR 6,364,939 at the end of 5th year which shows high revenue.

21
Statement of Retained Earning

Year 1 Year2 Year 3 Year 4 Year 5

Beginning balance - (658,120) (73,185) 1,068,068 3,289,578
Add Net profit (658,120) 584,935 1,141,253 2,221,509 2,831,616
Balance (658,120) (73,185) 1,068,068 3,289,578 6,121,194
Less Dividend - - - - -
Ending Balance (658,120) (73,185) 1,068,068 3,289,578 6,121,194
The statement explains the changes in a companies retained earnings over the reporting
period. They break down changes in the owner’s interest in the organization and in the
application of retained profit or surplus from one accounting period to the next. The table
above shows the retained earnings of Chatrabash.com for 5 accounting periods.

Balance Sheet

Balance sheet
Particulars Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Assets:
Cash 503,900 34,099 386,697 1,475,693 3,625,240 6,364,939
Net value of furniture’s 118,000 100,300 85,255 72,467 61,597 52,357
and fixtures
Net value of office 195,000 156,000 124,800 99,840 79,872 63,898
equipments
Preliminary expenses 83,100 66,480 49,860 33,240 16,620 -
Total Assets 900,000 356,879 646,612 1,681,240 3,783,329, 6,481,194
Liabilities and Equities
Short term loan 200,000
Long term liabilities and
equities
Equity 360,000 360,000 360,000 360,000 360,000 360,000
Debt 540,000 454,999 359,797 253,172 133,751 -
Retained earning -658,120 -73,185 1,068,068 3,289,578 6,121,194
Total Long Term 900,000 356,879 646,612 1,681,240 3,783,329 6,481,194
Liabilities and Equity
Balance sheet is a financial statement that summarizes a company’s assets, liabilities and
shareholders’ equity at a specific point in time. This 5 year balance sheet statements give
investors an idea as to watch the companies owns and owes , as well as the amount invested
by shareholders.

22