Projected Income Statement For the First 3 years

YEAR 1 YEAR 2 YEAR 3

Net Sales Err:522 8,625,000 9,918,750

Raw Material Cost Err:522 1,996,579 2,196,237

Salaries Err:522 1,003,200 1,103,520
Utilities Err:522 660,000 726,000
Cost of Sales Err:522 3,659,779 4,025,757

Gross Profit 4,136,644 4,965,221 5,892,993

General Administrative & Selling Expenses

Rent Expense Err:522 462,000 508,200
Office & Miscellaneous Expenses Err:522 79,200 87,120
Depreciation Expense Err:522 184,500 166,050
Subtotal Err:522 725,700 761,370

Operating Income Err:522 4,239,521 5,131,623

Financial Charges (15% Per Annum) Err:522 159,375 135,469

Net Profit Err:522 4,080,146 4,996,154

PROJECTED BALANCE SHEET FOR THE FIRST THREE YEARS (Rs.)

Year 1 Year 2 Year 3

Assets

Current Assets
Cash & Bank Balance 3,779,523 7,894,794 12931529

Total Current Assets 3,779,523 7,894,794 12,931,529

Fixed Assets
Machinery 540,000 480,000 420,000
Shop 900,004 800,000 700,000
Office Fixtures 405,000 360,000 315,000

Total Fixed Assets 1,845,004 1,640,000 1,435,000

Preliminary Expenses 40,000 30,000 20,000

Total Assets 5,664,531 9,564,794 14,386,529

Owner's Equity 4,551,968 8,632,114 13,589,318

Long Term Liability 1,112,563 932,680 797,211
Total Equity & Liability 5,664,531 9,564,794 14,386,529