PRACTICE 1

FINALEAP PRIVATE LIMITED

INR(In Cr) 2020 A 2021 A 2022 E 2023 E 2024 E 2025 E

# INCOME STATEMENT - FINALEAP PRIVATE LIMITED

REVENUE 20,000.00 22,500.00 24,525.00 26,732.25 29,138.15 31,760.59
COGS 8,000.00 9,000.00 11,036.25 12,029.51 13,112.17 14,292.26
GROSS PROFIT 12,000.00 13,500.00 13,488.75 14,702.74 16,025.98 17,468.32
SELLING AND ADMIN EXP. 2,000.00 2,250.00 3,000.00 3,000.00 3,000.00 3,000.00
EBITDA 10,000.00 11,250.00 10,488.75 11,702.74 13,025.98 14,468.32
DEPRECIATION 800.00 900.00 1,471.50 1,603.94 1,748.29 1,905.64
INTEREST 200.00 225.00 300.00 300.00 300.00 300.00
EBT 9,000.00 10,125.00 8,717.25 9,798.80 10,977.69 12,262.69
TAX 2,700.00 3,037.50 2,179.31 2,449.70 2,744.42 3,065.67
NET INCOME 6,300.00 7,087.50 6,537.94 7,349.10 8,233.27 9,197.02

# ASSUMPTIONS DRIVERS
REVENUE GROWTH NA 12.50% 9% 9% 9% 9%
COGS% OF REVENUE 40% 40% 45% 45% 45% 45%
S & G EXPENSES (CONSTANT) 2,000.00 2,250.00 3000 3000 3000 3000
DEPRECIATION % OF SALES 4% 4% 6% 6% 6% 6%
INTEREST (CONSTANT) 200.00 225.00 300 300 300 300
TAX 30.00% 30.00% 25.00% 25.00% 25% 25%

# COMMON SIZE STATEMENT - FINALEAP PRIVATE LIMITED

REVENUE 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

COGS 40.00% 40.00% 45.00% 45.00% 45.00% 45.00%
GROSS PROFIT 60.00% 60.00% 55.00% 55.00% 55.00% 55.00%
SELLING AND ADMIN EXP. 10.00% 10.00% 12.23% 11.22% 10.30% 9.45%
EBITDA 50.00% 50.00% 42.77% 43.78% 44.70% 45.55%
DEPRECIATION 4.00% 4.00% 6.00% 6.00% 6.00% 6.00%
INTEREST 1.00% 1.00% 1.22% 1.12% 1.03% 0.94%
EBT 45.00% 45.00% 35.54% 36.66% 37.67% 38.61%
TAX 13.50% 13.50% 8.89% 9.16% 9.42% 9.65%
NET INCOME 31.50% 31.50% 26.66% 27.49% 28.26% 28.96%

# CHANGE ANALYSIS - FINALEAP PRIVATE LIMITED

12%
REVENUE 22,400.00 25,200.00 27,468.00 29,940.12 32,634.73 35,571.86
COGS 8,960.00 10,080.00 12,360.60 13,473.05 14,685.63 16,007.34
GROSS PROFIT 13,440.00 15,120.00 15,107.40 16,467.07 17,949.10 19,564.52
SELLING AND ADMIN EXP. 2,240.00 2,520.00 3,360.00 3,360.00 3,360.00 3,360.00
EBITDA 11,200.00 12,600.00 11,747.40 13,107.07 14,589.10 16,204.52
DEPRECIATION 896.00 1,008.00 1,648.08 1,796.41 1,958.08 2,134.31
 INTEREST 224.00 252.00 336.00 336.00 336.00 336.00
EBT 10,080.00 11,340.00 9,763.32 10,974.66 12,295.02 13,734.21
TAX 3,024.00 3,402.00 2,440.83 2,743.66 3,073.75 3,433.55
NET INCOME 7,056.00 7,938.00 7,322.49 8,230.99 9,221.26 10,300.66

Time Periods 08-08-2000 0 1 2 3 4 5

Monthly Data 31-08-2000 30-09-2000 31-10-2000 30-11-2000 31-12-2000 31-01-2001
Annual Data 31-12-2000 31-12-2001 31-12-2002 31-12-2003 31-12-2004 31-12-2005

Monthly period 0.06389 0.14444 0.23056 0.31111 0.39722 0.48056

Annual period 0.397222 1.397222 2.397222 3.397222 4.397222 5.397222
stub or Full year stub FullYear FullYear FullYear FullYear FullYear

# COSTING ANALYSIS
COGS 0.10 8,000.00 9,000.00 11,036.25 12,029.51 13,112.17 14,292.26
S & G EXP. 0.20 2,000.00 2,250.00 3,000.00 3,000.00 3,000.00 3,000.00
DEPRECIATION 0.20 800.00 900.00 1,471.50 1,603.94 1,748.29 1,905.64
INTEREST 0.30 200.00 225.00 300.00 300.00 300.00 300.00
TAX 0.20 2,700.00 3,037.50 2,179.31 2,449.70 2,744.42 3,065.67
TOTAL 1.00 13,700.00 15,412.50 17,987.06 19,383.15 20,904.88 22,563.57

AVERAGE 2,740.00 3,082.50 3,597.41 3,876.63 4,180.98 4,512.71

WEIGHTED AVERAGE 1960 2205.00 2523.79 2703.68 2899.76 3113.49
MEDIAN 2,000.00 2,250.00 2,179.31 2,449.70 2,744.42 3,000.00

Min 200.00 225.00 300.00 300.00 300.00 300.00

Max 8,000.00 9,000.00 11,036.25 12,029.51 13,112.17 14,292.26
Small 2 800.00 900.00 1,471.50 1,603.94 1,748.29 1,905.64
Large 3 2,000.00 2,250.00 2,179.31 2,449.70 2,744.42 3,000.00

TOTAL EXPENSES
IF <17500 17500 13700.00 15412.50 0.00 0.00 0.00 0.00
IF > 17500 17500 0.00 0.00 17987.06 19383.15 20904.88 22563.57
TOTAL 13700.00 15412.50 17987.06 19383.15 20904.88 22563.57

Use if for error checking OK OK OK OK OK OK