Particulars 3/31/2017 3/31/2018 3/31/2019

Sales 1,510,000.00 1,725,000.00 1,960,000.00

Sales Growth Rate 14.24% 13.62%

Cost of RM Consumed 960,000.00 1,265,000.00 1,395,000.00

Credit Purchases 90% 92% 92%
Cost of RM to Sales Ratio 63.58% 73.33% 71.17%

Changes in Inventories
Opening Stock of WIP 150,000.00 200,000.00 500,000.00
Opening Stock of FG 350,000.00 400,000.00 300,000.00
(-) Closing Stock of WIP 200,000.00 500,000.00 300,000.00
(-) Closing Stock of FG 400,000.00 300,000.00 400,000.00
Net Change in Inventories -100,000.00 -200,000.00 100,000.00

Debt Schedule
10% Debentures
10% Debentures (Opening Bal.) 1,000,000.00 1,000,000.00 1,100,000.00
(+) Borrowed during the Year 100,000.00
(-) Redeemed during the year
Closing Bal. 1,000,000.00 1,100,000.00 1,100,000.00
12% Bank Loan 1,500,000.00 1,500,000.00 1,500,000.00
8% Company Deposits 500,000.00 500,000.00 500,000.00
Rate of Interest
10%
12%
8%
Finance Cost (Interest)
10% Debentures (Opening Bal.) 100,000.00 100,000.00 110,000.00
12% Bank Loan 180,000.00 180,000.00 180,000.00
8% Company Deposits 40,000.00 40,000.00 40,000.00
Total Finance Cost 320,000.00 320,000.00 330,000.00

PPE Schedule
Machinary
Opening Balance 800,000.00 680,000.00 578,000.00
(+) Purchased during the year 150,000.00
(-) Sold during the year
Closing Balance 800,000.00 680,000.00 728,000.00
(-) Deprn for the year 120,000.00 102,000.00 109,200.00
Net Value of Machinary at end of year 680,000.00 578,000.00 618,800.00
Deprn on Machinary
15% 120,000.00 102,000.00 109,200.00

Furniture & Fixtures

Opening Balance 300,000.00 240,000.00 232,000.00
(+) Purchased during the year 50,000.00
(-) Sold during the year
Closing Balance 300,000.00 290,000.00 232,000.00
(-) Deprn for the year 60,000.00 58,000.00 46,400.00
Net Value of Furniture at end of year 240,000.00 232,000.00 185,600.00

Deprn on Furniture
20% 60,000.00 58,000.00 46,400.00
Total Deprn 180,000.00 160,000.00 155,600.00

Tax Rate 35% 35% 35%

Employee Benefit Expenses

Salary 75,000.00 80,000.00 90,000.00
(+) Incremental Rate 6.67% 12.50%
Wages 35,000.00 45,000.00 52,350.00
(+) Incremental Rate 28.57% 16.33%
Bonuses 18,750.00
Welfare Exp. 5,500.00 6,250.00 7,117.50
Training & Development 11,000.00 12,500.00 14,235.00
Total Employee Benefit Exp. 126,500.00 162,500.00 163,702.50

Other Exp.
Ratio of Bad Debts 3.00% 3.50% 4.00%
Bad Debts 45,300.00 60,375.00 78,400.00
Misc Exp. 5,000.00 5,500.00 6,000.00
Advertising Exp 50,000.00
Total Other Exp. 50,300.00 115,875.00 84,400.00

Shareholders Funds
Equity Share Capital 10,000,000.00 10,000,000.00 10,000,000.00
(+) Additional / Issue of New Shares
Net Equity Share Capital 10,000,000.00 10,000,000.00 10,000,000.00
Face Value 10.00

Number of Shares 1,000,000.00 1,000,000.00

DPR 30% 25% 30%

Reserves & Surplus
Opening Bal 51,480.00 62,936.25
(+) Profit / Loss during the year 51,480.00 11,456.25 -141,502.50
Closing Bal 51,480.00 62,936.25 -78,566.25

Investment Schedule
Investment in Tata Motors Ltd.
Opening Balance 500,000.00 500,000.00
(+) Purchased during the year 500,000.00
(-) Sold during the year
Closing Balance 500,000.00 500,000.00 500,000.00
DPS on Tata Motors 2.00 2.20 2.40
Dividend Recd during the year 100,000.00 110,000.00 120,000.00
Number of shares 50,000.00 50,000.00 50,000.00
Face value 10

Intestment in Fixed Deposit

Opening Balance 100,000.00 100,000.00 100,000.00
(+) Deposited during the year 20,000.00
(-) Matured during the year
Closing Balance 100,000.00 100,000.00 120,000.00
Rate of Interest on Fixed Deposit 6%
Interest Amount on FD 6,000.00 6,000.00 7,200.00

Credit Sales Ratio 75% 78% 77%

3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024

2,208,000.00 2,506,000.00 2,844,310.00 3,228,291.85 3,664,111.25

12.65% 13.50% 13.50% 13.50% 13.50%

1,750,000.00 1,980,000.00 1,991,017.00 1,936,975.11 2,564,877.87

90% 80% 89% 89% 88%
79.26% 79.01% 70% 60% 70%

300,000.00 300,000.00 250,000.00 310,000.00 332,000.00

400,000.00 500,000.00 450,000.00 410,000.00 412,000.00
300,000.00 250,000.00 310,000.00 332,000.00 298,400.00
500,000.00 450,000.00 410,000.00 412,000.00 434,400.00
-100,000.00 100,000.00 -20,000.00 -24,000.00 11,200.00

1,100,000.00 900,000.00 900,000.00 900,000.00 800,000.00

200,000.00 100,000.00
900,000.00 900,000.00 900,000.00 800,000.00 800,000.00
1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00
500,000.00 500,000.00 500,000.00 500,000.00 500,000.00

110,000.00 90,000.00 90,000.00 90,000.00 80,000.00

180,000.00 180,000.00 180,000.00 180,000.00 180,000.00
40,000.00 40,000.00 40,000.00 40,000.00 40,000.00
330,000.00 310,000.00 310,000.00 310,000.00 300,000.00

618,800.00 525,980.00 277,083.00 235,520.55 200,192.47

200,000.00
618,800.00 325,980.00 277,083.00 235,520.55 200,192.47
92,820.00 48,897.00 41,562.45 35,328.08 30,028.87
525,980.00 277,083.00 235,520.55 200,192.47 170,163.60
 92,820.00 48,897.00 41,562.45 35,328.08 30,028.87

185,600.00 148,480.00 102,784.00 82,227.20 65,781.76

20,000.00
185,600.00 128,480.00 102,784.00 82,227.20 65,781.76
37,120.00 25,696.00 20,556.80 16,445.44 13,156.35
148,480.00 102,784.00 82,227.20 65,781.76 52,625.41

37,120.00 25,696.00 20,556.80 16,445.44 13,156.35

129,940.00 74,593.00 62,119.25 51,773.52 43,185.22

35% 25% 25% 25% 30%

105,000.00 112,500.00 124,587.05 139,242.72 155,365.97

16.67% 7.14% 10.74% 11.76% 11.58%
61,150.00 65,750.00
16.81% 7.52% 17.31%
20,886.41
8,307.50 8,912.50 6,229.35 6,962.14 7,768.30
16,615.00 17,825.00 12,458.71 13,924.27 15,536.60
191,072.50 204,987.50 143,275.11 181,015.53 178,670.86

5.00% 8.00% 4.70% 5.04% 5.35%

110,400.00 200,480.00 133,682.57 162,705.91 195,956.67
6,600.00 7,000.00 6,000.00 6,000.00 6,000.00
60,000.00
117,000.00 207,480.00 199,682.57 168,705.91 201,956.67

10,000,000.00 10,000,000.00 10,000,000.00 11,000,000.00 11,000,000.00

1,000,000.00
10,000,000.00 10,000,000.00 11,000,000.00 11,000,000.00 11,000,000.00

1,000,000.00 1,000,000.00 1,100,000.00 1,100,000.00 1,100,000.00

35% 25% 40% 45% 40%

 -78,566.25 -209,378.75 -513,239.25 -441,502.02 -191,930.54
-130,812.50 -303,860.50 71,737.23 249,571.48 153,476.66
-209,378.75 -513,239.25 -441,502.02 -191,930.54 -38,453.88

500,000.00 400,000.00 400,000.00 400,000.00 400,000.00

100,000.00
400,000.00 400,000.00 400,000.00 400,000.00 400,000.00
1.80 1.50
72,000.00 60,000.00 - - -
40,000.00 40,000.00 40,000.00 40,000.00 40,000.00

120,000.00 120,000.00 120,000.00 20,000.00 20,000.00

100,000.00
120,000.00 120,000.00 20,000.00 20,000.00 20,000.00

7,200.00 7,200.00 1,200.00 1,200.00 1,200.00

80% 85% 79% 80% 80%

3/31/2025 3/31/2026

4,158,766.27 4,720,199.71
13.50% 13.50%

2,911,136.39 3,304,139.80
87% 86%
70% 70%

298,400.00 298,080.00
434,400.00 441,280.00
298,080.00 297,696.00
441,280.00 429,536.00
-6,560.00 12,128.00

800,000.00 800,000.00

800,000.00 800,000.00
1,500,000.00 1,500,000.00
500,000.00 500,000.00

80,000.00 80,000.00
180,000.00 180,000.00
40,000.00 40,000.00
300,000.00 300,000.00

170,163.60 144,639.06

170,163.60 144,639.06
25,524.54 21,695.86
144,639.06 122,943.20
 25,524.54 21,695.86

52,625.41 42,100.33

52,625.41 42,100.33
10,525.08 8,420.07
42,100.33 33,680.26

10,525.08 8,420.07
36,049.62 30,115.92

30% 30%

171,380.14 190,400.79
10.31% 11.10%

8,569.01 9,520.04
17,138.01 19,040.08
197,087.16 218,960.91

5.62% 5.74%
233,622.85 270,992.33
6,000.00 6,000.00

239,622.85 276,992.33

11,000,000.00 11,000,000.00

11,000,000.00 11,000,000.00

1,100,000.00 1,100,000.00

45% 45%
-38,453.88 147,358.77
185,812.65 222,939.16
147,358.77 370,297.93

400,000.00 400,000.00

400,000.00 400,000.00

- -
40,000.00 40,000.00

20,000.00 20,000.00

20,000.00 20,000.00

1,200.00 1,200.00

81% 81%
Income Statement

Balance Sheet
Income Statement
Particulars 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021

100000 105000 110250 110250 105000

5% 5% 5%

Interest Rate 10% 12% 13% 14% 12%

Borrowed Funds 1000000 1100000 1000000 1000000

Equities and Liabilities

Total Equities and Liabilities 0 0 0 0 0
3/31/2022 3/31/2023 3/31/2024

105000 105000 105000

11% 10% 9%
0 0 0 0 0