Income Statement

Sales 2012-13 2013-14

Cash 200 480
Credit 1,800 4,320
Total Sales 2,000 4,800
COGS 1,240 2,832
Gross Profit 760 1,968
Operating Expenses
General and Adminstrative 80 450
Depreciation 100 400
Operating Profit 580 1,118
Finance Cost 60 158
Profit Before Tax 520 960
Tax @ 30% 156 288
Profit After Tax 364 672

Assumption
Growth Rate for Sales 15%
 Predictionns
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 %
800 920 952 1,216.70 1,399.21 1,609.09 10%
7,200 8,280 9,522 10,950.30 12,592.85 14,481.77 90%
8,000 9,200 10,580 12,167 13,992 16,091 100%
4,800 5,520 6,348 7,300.20 8,395.23 9,654.51 60%
3,200 3,680 4,232 4,866.80 5,596.82 6,436.34 40%
- - - - -
1,000 1,150 1,323 1,520.88 1,749.01 2,011.36 13%
660 759 873 1,003.78 1,154.34 1,327.50 8%
1,540 1,771 2,037 2,342.15 2,693.47 3,097.49 19%
340 391 450 517.10 594.66 683.86 4%
1,200 1,380 1,587 1,825.05 2,098.81 2,413.63 15%
360 414 476 547.52 630 724.09 5%
840 966.00 1,111 1,277.54 1,469.17 1,689.54 11%
 Balance Sheet
Assets
Current Assets
Cash and equivalents
Accounts Receivable
Inventories
Total Current Asset

Fixed Assets (Net of Depreciation)

Total Asset
Equity and Liabilities
Equity Share Capital (10 INR each)
Reserve and Surplus
Long term Borrowings
Current Liabilities

Total Equity and Liabilities

Assumption
Growth of Asset 20%
Balance Sheet Predictions
2012-13 2013-14 2014-15 2015-16 2016-2017

40 100 106 127.20 152.64

300 1,500 2,100 2,520 3,024
320 1,500 2,250 2,700 3,240
660 3,100 4,456 5,347.20 6,416.64

1,900 2,500 4,700 5,640 6,768.00

2,560 5,600 9,156 10,987 13,185

1,200 1,600 2,000 2,400 2,880

364 1,036 1,876 2,251.20 2,701
736 1,236 2,500 3,000 3,600
260 1,728 2,780 3,336 4,003

2,560 5,600 9,156 10,987.20 13,184.64

 Common Sizing
2012-2013 2013-2014 2014-2015

2% 2% 1%
12% 27% 23%
13% 27% 25%
26% 55% 49%
- - -
74% 45% 51%
100% 100% 100%

47% 29% 22%

14% 19% 20%
29% 22% 27%
10% 31% 30%

100% 100% 100%

 Cashflow Statement
2012-2013 2013-2014 2014-2015
Net Income 364 672 840
Add: Non Cash Item
Depreciation Expense 100 400 660
Increase or decrease in A/C Reciavable 300 1,200 600
Increase or decrease in Inventory 320 1,180 750
Increase or decrease in A/C Payable 260 1,468 1,052
Total Cash From Operating Activities 720 2,780 2,010
Capital Expenditure 2,000 1,000 2,860
Cash From Investing Activities 2,000 1,000 2,860
Borrowing - - -
Cash From Financing Activities - - -
Net Increase In Cash 2,720 3,780 4,870
Cash at Beginning 40 100 106
Cash at the End of the Year
2014-2015
 Ratios Industry 2012-13 2013-14 2014-15
Liquidity Ratios
Current Ratio 2.30 2.54 1.79 1.60
Quick Ratio 1.20 1.31 0.93 0.79
Working Capital Turnover 8.00 3.50 3.50 4.77

Profitability Ratio
ROE 22% 23% 25% 22%
Return on total Assets 10% 14% 12% 9%
Return on Fixed Assets 24% 31% 45% 33%
Net Profit Ratio 18% 29% 23% 19%
Gross Profit Ratio 40% 38% 41% 40%

Management Efficiency Ratios

Receivables Turnover Ratio 7.00 6.00 2.88 3.43
Total Asset Turnover Ratio 1.10 #NAME? 0.86 0.87
Fixed Asset Turnover Ratio 2.00 3.03 1.55 1.80
Current Asset Turnover Ratio 3.00 3.03 1.55 1.80
Receivables days 52.00 60.00 125.00 105.00
Inventory Turnover Ratio 4.85 6.25 3.20 3.56
Inventory Days 75.00 94.19 193.33 171.09

Leverage Ratios
Debt To equity Ratio 35% 83% 185% 264%
Long Term Debt to Total Debt 24% 74% 42% 47%
Interest Coverage Ratio 10.00 9.67 7.08 4.53
364 672 840

Balance Sheet
Assets 2012-13 2013-14 2014-15
Current Assets
Cash and equivalents 40 100 106
Accounts Receivable 300 1,500 2,100
Inventories 320 1,500 2,250
Total Current Asset 660 3,100 4,456

Fixed Assets (Net of Depreciation) 1,900 2,500 4,700

Total Asset 2,560 5,600 9,156
Equity and Liabilities
Equity Share Capital (10 INR each) 1,200 1,600 2,000
Reserve and Surplus 364 1,036 1,876
Long term Borrowings 736 1,236 2,500
Current Liabilities 260 1,728 2,780

Total Equity and Liabilities 2,560 5,600 9,156

Income Statement
Sales 2012-13 2013-14 2014-15
Cash 200 480 800
Credit 1,800 4,320 7,200
Total Sales 2,000 4,800 8,000
COGS 1,240 2,832 4,800
Gross Profit 760 1,968 3,200
Operating Expenses
General and Adminstrative 80 450 1,000
Depreciation 100 400 660
Operating Profit 580 1,118 1,540
Finance Cost 60 158 340
Profit Before Tax 520 960 1,200
Tax @ 30% 156 288 360
Profit After Tax 364 672 840
 Trend Analysis
Growth in Growth in
2013 2014
2013-14 2014 -15
Cash 200 42% 480 60%
Credit 1,800 42% 4,320 60%
Total sales 2,000 42% 4,800 60%
Cost of goods sold 1,240 44% 2,832 59%
Gross profit 760 39% 1,968 62%
General Selling
80 18% 450 45%
&Admin exp
Depreciation 100 25% 400 61%
Interest expenses (on
60 38% 158 46%
borrowings)
Profit before tax
520 54% 960 80%
(PST)
Tax (. 30% 156 54% 288 80%
Profit after tax
364 54% 672 80%
(PAT)
2015
800
7,200
8,000
4,800
3,200
1,000
660
340

1,200
360
840