Shisha B.P.

8/7/2019 Shisha B.P.

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PERFECT BUSINESS PLAN

(XXX BAR) (Cedars of Lebanon) is a new hookah bar concept which will focus on a combination ofSouth Mumbai and Suburban

customers and customers over 18 years in age to offer a more adult alternative to hookah bars f requented by college-age customers.

The firs t bar will be established inXYZ PLACE, and managed by the business founders, () The business will generate

revenues through the sale of flavored tobaccos, non-alcoholic drinks/alcoholic drinks and appetizers. The business seeks angel investor

funding to launch its first bar.

The business projects to become profitable i n its first year withgood profit from strong sales in the fi rst year. Sales will triple

by the third year of operation. Net profit of sales will be respectabledue to the high margin on the products sold. Exit for

investors is possible from sale of the franchise to a chain of bars looking to expand their market.

Objectives

(XXX BAR)seeks to achieve the following objectives with the launch of its first hookah lounge:

1. To establish a community of hookah smokers who contribute programming, events, and cultureideas to(XXX BAR) resulting in

(XX)events or programs held in its third year of operation.

2. To maintain a Facebook Fan page of 5,000 individuals by the end of its third year as a sign of its community.

3. To become profitable in its second year through the sale of tobacco, food and drinks.

4. To establish a franchisable model for hookah bars and initiate fundraising and planning for franchising by its fifth year of operation.

Mission

The mission of(XXX BAR)is to provide a comfortable environment, sometimes relaxing and sometimes energetic and stimulating,

around which those who love hookah smoking, as well as new converts, can come together. The environment will draw on elementsof

Middle Eastern culture as well as the culture of the local environment.

Keys to Success

The keys to success for(XXX BAR) are:

1. Create a comfort able environment

2. Provide high quality tobacco, food, drinks, and hookah equipment

3. Establish a loyal core following

4. Expand the market of hookah smokers in the Trendytown area

5. Energize the customer base wid some lounge music to chill around the area.

Company Summary

(XXX BAR) is a new concept for a hookah lounge which centers around the community aspect of smoking hookah pipes. The business

will launch its f irst hookah lounge in Trendytown within s ix monthsand endeavor to create a scalable m odel which can be franchised in

additional urban locations.The business will earn revenues through the sale of tobacco (multiple flavors),alcoholic drinks

(branded scotch whisky, vodka, rum, Bacardi, etc) other non-alcoholic drinks (coffee, tea, and juices) and food (Indian &

Continental snacks and appetizers requiring light preparation).


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Company Ownership

(XXX BAR)is owned and established by the(..)

Ratio of Investors XX Amount

Start-up Summary

The start-up expenses for(XXX BAR) include legal consultation and permit fees as a retail and food service establishment, as well as a

special permit for the lounge to allow smoking withinand liquor license. Stationery includes business cards, let terhead, and business

brochures.

Insurance includes initial general and product liability premiums as well as renter's and key-employee insurance. Rent covers one

month's security and two month's rent for the initial location to allow for build out of the space before opening. Start-up marketing covers

the marketing campaign before launch, as described in the marketing plan. The website is a significant expense. It offers basic

informat ion on the business as well as a scalablesocial networking component t o allow for the organizing of hookah groups and the

planning of events.

The cash required will see the business through until cash flow break even is achieved. Current assets includeslounge furniture

(Rupees10,000), tables (Rupees10,000), kitchen supplies and tools (Rupees10,000), silverware, plates, glassware, and hookahs

(Rupees10,000). Long-term assets include basic improvements to the space (Rupees30,000 for additional plumbing, electrical

work, taking down and putting up walls where needed, painting, refinishing fl oors), lighting f ixtures (Rupees10,000), sound

system (Rupees10,000), POS sales system and wireless devices (Rupees20,000), ki tchen equipment (Rupees20,000 for stoves,

refrigerator, and warming units), office equipment (Rupees5,000 for computer, printer, fax, telephones).

Start-up

Requirements

Start-up Expenses

Legal Help and Permits Rupees5,000

Stationery etc. Rupees2,000

Insurance Rupees2,000

Rent Rupees6,000

Start-up Marketing Rupees15,000

Website Rupees50,000

Total Start-up Expenses Rupees80,000

Start-up Assets

Cash Required Rupees40,000Other Current Assets Rupees40,000

Long-term Assets Rupees95,000

Total Assets Rupees175,000

Total Requirements Rupees255,000

Products and Services

(XXX BAR) will specialize in alcoholic as well as non-alcoholic, organic drinks, and healthy appetizers and snacks of both Indian &

Continental origin. The init ial menu includes:


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Young Professionals:22-35 year-old professionals who are tired withbar culture sometimes react against it by looking for other

activities. They seek locations where they can congregate with friends, talk, and share a new experience. owever, they are turned

off by hookah bars with a high percentage of college age customers.

Market Analysis

Year 1 Year 2 Year 3 Year 4 Year 5

Potential Customers Growth CAGR

Middle-Eastern

Americans3% 500 515 530 546 562 2.97%

College Age Residents 3% 15,000 15,450 15,914 16,391 16,883 3.00%

Young Professionals 3% 30,000 30,900 31,827 32,782 33,765 3.00%

Total 3.00% 45,500 46,865 48,271 49,719 51,210 3.00%

Target Market Segment Strategy

(XXX BAR)will target Middle Eastern Americans and young professionals, and not college age residents. By seeking the target market

segments described here, (XXX BAR)intends to establish a base of Middle Eastern devotees who will serve to give the bar credibility

and authenticity. These devotees will feel comf ortable bringing their non-Middle Eastern friends t o Arz al-Lubnan

ookah Bar. These

additional customers must be sought to prove(XXX BAR)as a franchisable model for American consumers. Therefore,(XXX BAR)will

be positioned for young professionals as an alternative to bars where community can be developed, as well as a non-threatening fusion

of American and Middle Eastern cultural aspects, rather than a total immersion in Middle Eastern culture.

These markets exist throughout the United States and the Trendytown location will serve as a proving ground for the(XXX BAR)model.

Service Business Analysis

ver 470 hookah bars are in existence in the United States, spread throughout the country with some concentration incities. From 2000

to 2004, at least 200-300 new hookah bars opened for business, according to the journalSmokeshop.

enerally, as long as 80% of

sales are derived from tobacco, smoking within hookah establishments can be permitted by law.

The hookah bar industry is highly fragmented, with most bars being independent establishments. A small percentage open a second or

third location. There are currently no national hookah bar franchises.

Indirect competitors to hookah bars are coffee shops, bars that serveliquor, and cigar stores/tobacconists.

Typically, hookah tobacco is sold and pipes are provided to customers in hookah bars. Tobacco is sold in rounds which servesa group

of four to six for about an hour. Food and drinks are sold via waiter or bar servicewhile customers sit in groups and smoke. hile some

attend hookah bars alone, cust omers typically attend with groups and sit at round tableswith their group.

Competition and Buying Patterns


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Hookahbarcustomers in the

nited States judgebetweenestablis hmentsbasedon location

theywill not bewilling to travel too farout

of theirway forahookahbar) thevarietyof flavorsserved, theatmosphere, and theadditional foodanddrinkoptionsserve d.

Specificcompetitors for (XXX AR)include Ali Baba Hookah Bar, Babylon Hookah ounge, Desert afe, and Zee's Smoking orner.

Ali aba Hookah ar: With DJsanddancepartiesonweekends, Ali Baba'sservesayoungercrowdwhoenjoymeetingothers.

abylon Hookah ounge: Alsohas DJsand tends towardayoungconsumerbase. Oldercustomerscomplain that the lounge is loud,

much likearaveconcert.

DesertCafe: ovedbyregulars for itsownerand itsatmosphere, Desert afehasplasma

Vs, outdoorseating insummerand

atmospheric lighting.

he location is faulted for its lowquality tobaccoand lackofupkeepon theirhookahs.

ee's SmokingCorner: Withanextensive list of flavors, Zee'salso focusesoncollegeageresidentsanddrivesawayotherswith its

loudmusicandpartyatmosphere.

Web Plan Summary

hewebsite for(XXX AR)will offerastandard "brochure-style" presentationwithdetailson theproducts, services, location, and

concept of thebar, aswell asanextendedsocial communitycomponent, tied in to acebook.

hewebsitewill servecasual cus tomers

interested in thebaraswell as fanswhobecome involved increatingcultural eventsandgroupsat (XXX AR)through thesocial portal,

whichwill includeabasiccalendarvisible toall usersandextended featuresreserved formemberswho log -in.

WebsiteMarketing Strategy

hewebsite for(XXX AR)will bepromoted through P

, direct advertising, searchengineoptimi ation, and thegrowingcommunityof

customers.

y P effortswill includepromotion toblogwriters for the

rendytownareaandhookahbars/ iddle Easterncultureandguest posts

by theowners to theseblogs. P

will also focuson thenotablesocial mediacomponent of thewebsiteas it ties in todevelo ping

programming forArzal -Lubnan Hookah Bar

y Direct advertisingwill include Googleads, acebookads, and targetedadsona fewareawebsites. Rupees1,

amonthwill be

devoted to this typeofadvertising in the first year

y Searchengineoptimizationwill beginduring thedevelopment of thewebsite through its initial designandwill continuewith anoutsourced firmretained tocontinue SEO work forRupees1, amonth

y

hecommunityofcustomerswill generateword-of-mouthandonlinereferralsby inviting friends to the (XXX AR)website through

acebookorArzal-Lubnan Hookah Bar'ssocial networkcomponent

DevelopmentRequirements

Development of thewebsiterequiresan experienced Webdevelopment firmwithpast success indevelopingsocial networking

components forbusinesses.

hewebsitewill include the following in itsbasic, front end:

y About j s-backgroundon thebusinessand itsconcept andmissiony

k

AQsabout hookahsmokingand Arzal-Lubnan Hookah Bar

yl

enuof food, drinks, and tobacco

y Photogalleryy

m

ontact page

y Locationand Directionspagewithconnection tomaps from Googlel

apsorl

apQuest

n hesocial portal of thesitewill include:

yl

embershipsign-upand log-inpages

y Social calendarforArzal-Lubnan Hookah Bar

y Step-by-step instructions forcreatinganevent, discussiongroup, orthrowingapartyat Arzal -Lubnan Hookah Bary Individual pages foruser-createdevents

y Account page foreachusershowingevents theyar esignedup fororhavecreated y Sharingbuttons tomake it easy forusers tosendevent informationvia

k

acebook,l

ySpace, n witter

y Automated tie-insbetween thesiteand thek

acebookk

an Page tominimizechanges that must bemade in twoplaces

k

urthermore, thedeveloperwill createak

acebookk

an Page, andabackend forthesite including:

yk

orm toallowmanagement tomakechanges tomenuofferingsandpriceswithout theneed touse Hnl

L

y Approval area formanagement toapprove, reject, orrequest additional informationonevents y Ability formanagement toaddorremovephotos fromphotogalleryand toorganize them intoalbums

Development of thewebsitewill occurovera threemonthperiod. n he first twomonthswill produceabetaversionwhichwill be tested

bymanagement, withrevisionsgiven todevelopers, foronemonthafterthat. It isexpected that additional changeswill exte ndoverthe

first fewmonthsofoperationandRupees500/monthof themarketingbudget isdevoted toongoingmaintenanceanddevelo pment in

the first year.


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Strategyand Implementation Summary

The focus forimplementationwill beonestablishing thequalityof theoffering, itssuitability fortheo o

+ target market, and the

infrastructure toallow forcommunity-drivenculture. The fosteringof the(XXX AR)communitywill be important to thegrowthof the

businessand itsproofasa franchisablemodel.

Competitive Edge

Arzal-Lubnan Hookah Bar'scompetitiveedgewill beestablished through itscommunityorganizingabilityvia itswebsite . Thiswebsite

will present an interface forusers to:

y

onnect witheachotherand(XXX AR)aftertheyhave left theestablishment

y Organizegroups toattend (XXX AR)together

y Planevents topropose forthe (XXX AR)calendar

y Sendout invites for theseevent s

Theparty-likeatmosphereat otherhookahbarsdoesnot allow foreasyconversationand forperformancesandeventsof the type

expectedat Arzal -Lubnan Hookah Bar.

Marketing Strategy

Themarketingstrategyof (XXX AR)will be toestablishabaseof iddle Eastern Americancustomers first, andusing thesecustomers

tobring inotheryoungprofessional as friends. To that end, the following tacticswill beemployed:

y Seekingmention inblogs forthe local area

y Pitching thestoryof itsconcept andopening to iddle Easterncultural and languagepublicationsspecifically, andarea

newspapersandmagazines ingeneral

y Advertisingwithpostersand flyers in thedowntownTrendytownarea

Thebar'sgrandopeningwill bemarkedbyanevent featuring livemusic, fre e foodanddrinkoffers, anddoorprizes.

Afterthe launch, promotional incentives forcustomerswill beadvertised innewspaperadvertisements, on thewebsite, and in thestore

for:

y Groupdiscountsy

reeprizes forwinnersofbusinesscarddrawing

to encourage target market ofyoungprofessionals)

y Incentives toorganize the first eventsvia thewebsite

suchas freeroundsof tobacco fortheorganizersat a laterdate)

Theseexpensesare included in the Profit andLossstatement for (XXX z AR)asmarketingexpense.

Sales Strategy

(XXX z AR)will sell itsproducts throughattentivewait staffandbarcounterstaff. Theywill becompensated throughbasehourlywages

and tipsandwill work toprovide thebest customerservicepossible. Wait staffwill usewire less tablets toplaceorderswhicharesent

over thebar'swirelessnetwork tokitchenstaffandbarstaff topreparedishesanddrinks.

SalesForecast

Saleswill bepredom inantly through tobaccorevenues, whichalsohasarelatively lowcost ofsales. Sec ondaryrevenuestreams

are foodanddrinkswhichwill besold tosome, but not all, customerswhoordertobacco. Sharpgrowth isexpectedoverthe first three

yearsofoperationas thecommunityaspect of (XXX z AR)isdevelopedandcustomer-directedprogrammingbegins to takeplace.

It isexpected that acustomerwill return to (XXX z AR)onaverage15 timesayear, takingpart in{ 0roundsof tobacco in that time.

Therefore, thisprojectionrepresents1,000customergroups in the first year, { ,500customergr oups in thesecondyearand|

,500

customergroups in the thirdyear.


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Sales Forecast

Year 1 Year 2 Year 3

Unit Sales

Tobacco 19,791 50,000 70,000

Drinks 23,749 60,000 80,000

Food 15,831 30,000 50,000

Total Unit Sales 59,371 140,000 200,000

Unit Prices Year 1 Year 2 Year 3

Tobacco Rupees14.00 Rupees14.00 Rupees14.00

Drinks Rupees6.00 Rupees6.00 Rupees6.00

Food Rupees5.00 Rupees5.00 Rupees5.00


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Sales

Tobacco Rupees277,074 Rupees700,000 Rupees980,000

Drinks Rupees142,494 Rupees360,000 Rupees480,000

Food Rupees79,155 Rupees150,000 Rupees250,000

Total Sales Rupees498,723 Rupees1,210,000 Rupees1,710,000

Direct Unit Costs Year 1 Year 2 Year 3

Tobacco Rupees4.20 Rupees4.20 Rupees4.20

Drinks Rupees1.20 Rupees1.20 Rupees1.20

Food Rupees1.50 Rupees1.50 Rupees1.50

Direct Cost of Sales

Tobacco Rupees83,122 Rupees210,000 Rupees294,000

Drinks Rupees28,499 Rupees72,000 Rupees96,000

Food Rupees23,747 Rupees45,000 Rupees75,000

Subtotal Direct Cost of Sales Rupees135,368 Rupees327,000 Rupees465,000

Milestones

The Rupees15,000 in start-up marketing will be spent on the downtown ad campaign (design and production of posters and flyers, as

well as purchasing ad space), PR campaign (creation and mailing ofpress kit), and the grand opening event (live music, door prizes,

decorations, free food and drink offers).

After the launch, the business will hold a series of promotions- first the business card drawing and then event incentives- to initiate

programming at Arz al-Lubnan } ookah Bar.

Milestones

Milestone Start Date End Date Budget Manager Department


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PR Campaign 1/1/2010 2/28/2010 Rupees1 ~ 000 YB Marke

ing

Downtown Ad Campaign 2/1/2010 2/28/2010 Rupees5 ~ 000 YB Marketing

Bar Grand Opening 3/1/2010 3/1/2010 Rupees9~

000 SB Operations

B

siness Card Drawing 5/1/2010 5/30/2010 Rupees5 ~ 000 YB Marketing

Event Incentives 6/1/2010 8/1/2010 Rupees5 ~ 000 WG Marketing

Totals

Management Summary

(XXX

AR)ismanagedby thehusbandandwife teamof Sayedand Yasmine Batroun, Lebanese-AmericanresidentsofTrendytown

whohavedeveloped theconcept forthestoreafterworking inhookah loungeswhileoverseas.

Sayed Batrounwill managestoreoperationsand train wait andkitchenstaff. Hehasculinaryexperiencewith tenyearsasacook. He

will handleprocurement and inventorymanagement. Hewill alsoworkasheadcookduring initial operations.

Yasmine Batrounwill managemarketing, businessdevelopment, and finance. Shehasan BA andcorporateexperienceasa

marketingassociate fora ortune500business. Shewill overseeaccountingandbookkeeping. Shewill providegeneral management

in therestaurant asneeded, includingmanagement ofevents.

In thesecondyearofoperationageneral managerwill behired to takeoverstaffsupervision, staff training, procurement and inventory

management. Sayed Batrounwill continue toserveasheadcookbut will workonamorestrategic level inotherareas.

Additional staffwill includekitchenstaffandwait staff.

Personnel Plan

Staffwill include twobartenders, twowait staff, andonekitchenstaff initially. Thiswill grow to fourbartenders, sixwait staffand three

kitchenstaff. Wages forbartendersandwait staff are loweras theyaresignificantlyaugmentedby tips. Thesepersonnel assumptions

arebasedon thebarbeingopen

0hoursperweek.

Personnel Pl n


Sayed Batroun Rupees36000 Rupees36

000 Rupees36

000

YamineBatroun Rupees36000 Rupees36

000 Rupees36

000

Bar Staff Rupees48 000 Rupees75 000Rupees110 000

Wait Staff Rupees33 600 Rupees70 000Rupees120 000

Kitc

en Staff Rupees30000 Rupees70

000Rupees120

000

General Manager Rupees0 Rupees50

000 Rupees60

000

Total People 7 11 15

Total Payroll Rupees183

600Rupees337

000Rupees482

000

Financial Plan

Thebusiness isexpected togrowsignificantly in its first threeyearsas it meets themarket need foranalternative to loc al youth-

orientedhookahbars. Growth toa second locationwill occur in the fourthyear, financedby thecashreservesof thebusiness.

Start-upFunding

While theownerswill invest substantially in thecompany, thebulkof the start-up fundingwill beprovidedprimarilybyoutside investors,

withanadditional long-term loanagainst theassetsof thebar.

redit carddebt will makeup theremainder.

Investorswill beprovidedwith

0% ofshares fortheir investment, as thecurrent partnersarecontributingconsiderableswe at and

financial equityof theirown, aswell as theirspecificexpertiseandcredibilityasLebanese-Americans.


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St rt-up Funding

Start -up Expenses to Fund Rupees80000

Start -up Assets to Fund Rupees175 000

Total Funding Required Rupees255 000

Assets

Non-cas

Assets from Start-up Rupees135

000

Cas

Requirements from Start -up Rupees40000

Additional Cas

Raised Rupees0

Cas

Balance on Starting Date Rupees40

000

Total Assets Rupees175000

Liabilities and Capital

Liabilities

Current Borrowing Rupees8000

Long-term Liabilities Rupees50

000

Accounts Payable (Outstanding Bills) Rupees0

Other Current Liabilities (interest -free) Rupees0

Total Liabilities Rupees58000

Capital

Planned Investment

Sivrihisar Geobekli Rupees35000

Willusa Geobekli Rupees35 000

Other Investors Rupees127 000

Additional Investment Requirement Rupees0

Total Planned Investment Rupees197

000

Loss at Start-up (Start-up Expenses) (Rupees80000)

Total CapitalR

upees117

000

Total Capital and Liabilities Rupees175

000

Total Funding Rupees255000

ImportantAssumptions

Weassume that thegrowth inhookahbarpopularitywill continueand that thecountry isready foranational chain. Weassum e that

anti-smoking lobbyistsandanti-Middle Easternsentiment in the

nites States will not damage thereputationand imageofhookahbars.

reak-evenAnalysis


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A projected monthly fixed operating costis shown in the table below. ith this level of fixed cost, break even is expected in the sixth

month of operation.

Break-even Analysis

Monthly Units Break-even 4,200

Monthly Revenue Break-even Rupees35,279

Assumptions:

Average Per-Unit Revenue Rupees8.40

Average Per-Unit Variable Cost Rupees2.28

Estimated Monthly Fixed Cost Rupees25,703

Projected Profit and Loss

Key expenses will include the cost of sales attributed to supplies and raw materials, payroll for the growing staff, marketing to promote

the bar in the community, and the bar's rent and depreciation. The bar will show a profit in the first year which will continue to grow. This

is expected due to the high gross margins of selling tobacco through hookahs and the type of food and drinks sold.


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Pro Forma Profit and Loss


Sales Rupees498,723 Rupees1,210,000 Rupees1,710,000

Direct Cost of Sales Rupees135,368 Rupees327,000 Rupees465,000

Other Costs of Sales Rupees15,914 Rupees48,400 Rupees51,300

Total Cost of Sales Rupees151,282 Rupees375,400 Rupees516,300

Gross Margin Rupees347,442 Rupees834,600 Rupees1,193,700

Gross Margin % 69.67% 68.98% 69.81%

Expenses

Payroll Rupees183,600 Rupees337,000 Rupees482,000

Marketing

Promotion Rupees44,000 Rupees55,000 Rupees75,000

Depreciation Rupees16,800 Rupees20,000 Rupees24,000

Rent Rupees24,000 Rupees2,500 Rupees26,500

Utilities Rupees3,600 Rupees4,000 Rupees4,500

Insurance Rupees2,400 Rupees2,700 Rupees3,000

Payroll Taxes Rupees27,540 Rupees50,550 Rupees72,300

Permit Renewals Rupees500 Rupees2,000 Rupees800

Supplies Rupees6,000 Rupees15,000 Rupees25,000

Total Operating Expenses Rupees308,440 Rupees488,750 Rupees713,100

Profit Before Interest and Taxes Rupees39,002 Rupees345,850 Rupees480,600

EBITDA Rupees55,802 Rupees365,850 Rupees504,600


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Interest Expense Rupees5,341 Rupees3,200 Rupees1,400

Taxes Incurred Rupees10,098 Rupees102,795 Rupees143,760

Net Profit Rupees23,562 Rupees239,855 Rupees335,440

Net Profit

Sales 4.72% 19.82% 19.62%

Projected Cash Flow

The cash flow table and chart show the business becoming cash flow positive within six months of operation. Cash will be retained in

the business and invested in short-term holdings in preparation for expansion of the franchise after the third year of operation.

Long-term debt will bepaid over the first three years of operation with a grace period for the first six months. Short-term borrowings will

be paid over the first year of operations.

Some current assets must be replenished each year, and long-term assets must be replaced beginning in the second year as som e

equipment ages.

Pro Forma Cash Flow


Cash Received

Cash from Operations

Cash Sales Rupees498,723 Rupees1,210,000 Rupees1,710,000

Subtotal Cash from Operations Rupees498,723 Rupees1,210,000 Rupees1,710,000

Additional Cash Received

Sales Tax, VAT, HST

GST Received Rupees44,885 Rupees108,900 Rupees153,900

New Current Borrowing Rupees0 Rupees0 Rupees0

New Other Liabilit ies (interest-free

Rupees0 Rupees0 Rupees0

New Long-term Liabilities Rupees0 Rupees0 Rupees0

Sales of Other Current Assets Rupees0 Rupees0 Rupees0


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Sales of Long-term Assets Rupees0 Rupees0 Rupees0

New Investment Received Rupees0 Rupees0 Rupees0

Subtotal Cash Received Rupees543

608Rupees1

318

900Rupees1

863

900

Expenditures Year 1 Year 2 Year 3

Expenditures from Operations

Cash Spending Rupees183600 Rupees337

000 Rupees482

000

Bill Payments Rupees228

259 Rupees609

251 Rupees847

567

Subtotal Spent on Operations Rupees411 859 Rupees946 251Rupees1 329 567

Additional Cash Spent

Sales Tax, VAT, HST/GST Paid Out Rupees44,885 Rupees108,900 Rupees153,900

Principal Repayment of Current Borrowing Rupees8,000 Rupees0 Rupees0

Other Liabilities Principal Repayment Rupees0 Rupees0 Rupees0

Long-term Liabilities Principal Repayment Rupees9,000 Rupees18,000 Rupees18,000

Purchase Other Current Assets Rupees2,400 Rupees3,000 Rupees3,500

Purchase Long-term Assets Rupees0 Rupees10,000 Rupees10,000

Dividends Rupees0 Rupees0 Rupees0

Subtotal Cash Spent Rupees476,144Rupees1,086,151Rupees1,514,967

Net Cash Flow Rupees67,464 Rupees232,749 Rupees348,933

Cash Balance Rupees107,464 Rupees340,213 Rupees689,146

Projected alance Sheet

Thenet worthof(XXX

AR)will growsignificantlydue torelatively low liabilitiesandhighcashreservesas thebusinessprepares for

futureself-financedexpansion.

Pro FormaBalan e Sheet


Assets

Current Assets

Cash Rupees107,464 Rupees340,213 Rupees689,146

Other Current Assets Rupees42,400 Rupees45,400 Rupees48,900

Total Current Assets Rupees149,864 Rupees385,613 Rupees738,046

Long-term Assets

Long-term Assets Rupees95,000 Rupees105,000 Rupees115,000

Accumulated Depreciation Rupees16,800 Rupees36,800 Rupees60,800


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Total Long-term Assets Rupees78,200 Rupees68,200 Rupees54,200

Total Assets Rupees228,064 Rupees453,813 Rupees792,246

Liabilities and Capital Year 1 Year 2 Year 3

Current Liabilities

Accounts Payable Rupees46,502 Rupees50,395 Rupees71,388

Current Borrowing Rupees0 Rupees0 Rupees0

Other Current Liabilities Rupees0 Rupees0 Rupees0

Subtotal Current Liabilities Rupees46,502 Rupees50,395 Rupees71,388

Long-term Liabilities Rupees41,000 Rupees23,000 Rupees5,000

Total Liabilities Rupees87,502 Rupees73,395 Rupees76,388

Paid-in Capital Rupees197,000 Rupees197,000 Rupees197,000

Retained Earnings (Rupees80,000) (Rupees56,438) Rupees183,417

Earnings Rupees23,562 Rupees239,855 Rupees335,440

Total Capital Rupees140,562 Rupees380,417 Rupees715,857

Total Liabilities and Capital Rupees228,064 Rupees453,813 Rupees792,246

Net Worth Rupees140,562 Rupees380,417 Rupees715,857

BusinessRatios

Thebusiness iscomparedhereagainst Snackand Nonalcoholic Beverage Bars, industry SI

code5812, NAI

S code

22213, with

overRupees1million inannual revenue. Grossmargin isexpected tobehigher thanaveragedue to thepremium that canbeearned

from tobaccosales.

RatioAnal

sis

Year 1 Year 2 Year 3Industry

Profile

Sales Growth n.a. 142.62

41.32

-3.07

Percent of Total Assets

Other Current Assets 18.59

10.00

6.17

42.36

Total Current Assets 65.71

84.97

93.16

50.54

Long-term Assets 34.29

15.03

6.84

49.46

Total Assets 100.00

100.00

100.00

100.00

Current Liabilities 20.39

11.10

9.01

24.20

Long-term Liabilities 17.98

5.07

0.63

52.11

Total Liabilities 38.37

16.17

9.64

76.31

Net Worth 61.63

83.83

90.36

23.69


17/22

Percent ofSales

Sales 100.00

100.00

100.00

100.00

Gross Margin 69.67

68.98

69.81

59.90

Selling, General & Administrative

Expenses 64.94

49.15

50.19

24.02

Advertising Expenses 8.82

4.55

4.39

3.24

Profit Before Interest and Taxes 7.82

28.58

28.11

7.73

Main Ratios

Current 3.22 7.65 10.34 1.10

Quick 3.22 7.65 10.34 0.98

Total Debt to Total Assets 38.37

16.17

9.64

76.31

Pre-tax Return on Net Worth 23.95

90.07

66.94

76.30

Pre-tax Return on Assets 14.76

75.50

60.49

18.08

Additional Ratios Year 1 Year 2 Year 3

Net Profit Margin 4.72

19.82

19.62

n.a

Return on Equity 16.76

63.05

46.86

n.a

Activity Ratios

Accounts Payable Turnover 5.91 12.17 12.17 n.a

Payment Days 27 29 26 n.a

Total Asset Turnover 2.19 2.67 2.16 n.a

Debt Ratios

Debt to Net Worth 0.62 0.19 0.11 n.a

Current Liab. to Liab. 0.53 0.69 0.93 n.a

Liquidity Ratios

Net Working Capital Rupees103,362Rupees335,217Rupees666,657 n.a

Interest Coverage 7.30 108.08 343.29 n.a

Additional Ratios

Assets to Sales 0.46 0.38 0.46 n.a

Current Debt/Total Assets 20

11

9

n.a

Acid Test 3.22 7.65 10.34 n.a

Sales/Net Worth 3.55 3.18 2.39 n.a

Dividend Payout 0.00 0.00 0.00 n.a

Valuation


18/22

40% ofequitywill beawarded to investors fortheircashcontribution, 22% to founders fortheircashcontribution, and the remaining

38% toowners fortheirsweat equity. Thisvalues thecompanyat Rupees317,500 initially.

Assumingvaluationsat eitheramultipleofearnings 10 isreasonable for this industry), oramultipleofsales 2 isreaso nable forthis

industry), thevaluationat theendofyear3of theentirecompany isaround Rupees3.385million anaverageof the twomethodsof

valuation). Thisyieldsasignificant, 121% internal rateofreturn for investors. Anexit event will bepossiblewhen theco mpanyraises

money forfranchisingorsells toanexisting franchisorat thepoint ofexpansion.

In

estmentAnal

sis

Start Year 1 Year 2 Year 3

Initial Investment

Investment Rupees197,000 Rupees0 Rupees0 Rupees0

Dividends Rupees0 Rupees0 Rupees0 Rupees0

Ending Valuation Rupees0 Rupees0 Rupees0Rupees2,120,400

Combination as Income

Stream(Rupees197,000) Rupees0 Rupees0Rupees2,120,400

Percent Equity Acquired 62

Net Present Value (NPV) Rupees1,269,171

Internal Rate of Return

(IRR)121

Assumptions

Discount Rate 10.00

Valuation Earnings

Multiple10 10 10

Valuation Sales Multiple 2 2 2

Investment (calculated) Rupees197,000 Rupees0 Rupees0 Rupees0

Dividends Rupees0 Rupees0 Rupees0

Calculated Earnings-

based ValuationRupees240,000Rupees2,400,000Rupees3,350,000

Calculated Sales-based

ValuationRupees1,000,000Rupees2,420,000Rupees3,420,000

Calculated Average

ValuationRupees620,000Rupees2,410,000Rupees3,385,000

Appendix

Sales Forecast

Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12

Unit

Sales

Tobacco 500 600 720 864 1,037 1,244 1,493 1,792 2,150 2,580 3,096 3,715


19/22

Drinks 600 720 864 1,037 1,244 1,493 1,792 2,150 2,580 3,096 3,715 4,458

Food 400 480 576 691 829 995 1,194 1,433 1,720 2,064 2,477 2,972

Total

Unit

Sales

1,500 1,800 2,160 2,592 3,110 3,732 4,479 5,375 6,450 7,740 9,288 11,145

Unit

Prices Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12

Tobacco Rupees14.00 Rupees 14.00 Rupees 14.00 Rupees 14.00 Rupees 14.00 Rupees 14.00 Rupees 14.00 Rupees 14.00 Rupees 14.00 Rupees14.00 Rupees14.00 Rupees14.00

Drinks Rupees 6.00 Rupees 6.00 Rupees6.00 Rupees6.00 Rupees6.00 Rupees6.00 Rupees6.00 Rupees6.00 Rupees6.00 Rupees6.00 Rupees 6.00 Rupees 6.00

Food Rupees 5.00 Rupees 5.00 Rupees5.00 Rupees5.00 Rupees5.00 Rupees5.00 Rupees5.00 Rupees5.00 Rupees5.00 Rupees5.00 Rupees 5.00 Rupees 5.00

Sales

Tobacco Rupees7,000 Rupees 8,400Rupees10,080 Rupees12,096 Rupees14,518 Rupees17,416 Rupees20,902 Rupees25,088 Rupees 30,100Rupees 36,120 Rupees 43,344 Rupees 52,010

Drinks Rupees3,600 Rupees 4,320 Rupees 5,184 Rupees 6,222 Rupees 7,464 Rupees 8,958Rupees10,752 Rupees12,900 Rupees 15,480Rupees 18,576 Rupees 22,290 Rupees 26,748

Food Rupees2,000 Rupees 2,400 Rupees 2,880 Rupees 3,455 Rupees 4,145 Rupees 4,975 Rupees 5,970 Rupees 7,165 Rupees 8,600Rupees 10,320 Rupees 12,385 Rupees 14,860

Total

Sales Rupees12,600 Rupees15,120Rupees18,144 Rupees21,773 Rupees26,127 Rupees31,349 Rupees37,624 Rupees45,153 Rupees 54,180Rupees 65,016 Rupees 78,019 Rupees 93,618

Direct

Unit

Costs


Tobacco 30.00

Rupees 4.20 Rupees 4.20 Rupees4.20 Rupees4.20 Rupees4.20 Rupees4.20 Rupees4.20 Rupees4.20 Rupees4.20 Rupees4.20 Rupees 4.20 Rupees 4.20

Drinks 20.00


Food 30.00


Direct

Cost of

Sales

Tobacco Rupees2,100 Rupees 2,520 Rupees 3,024 Rupees 3,629 Rupees 4,355 Rupees 5,225 Rupees 6,271 Rupees 7,526 Rupees 9,030Rupees 10,836 Rupees 13,003 Rupees 15,603

Drinks Rupees 720 Rupees 864 Rupees 1,037 Rupees 1,244 Rupees 1,493 Rupees 1,792 Rupees 2,150 Rupees 2,580 Rupees 3,096 Rupees3,715 Rupees4,458 Rupees5,350

Food Rupees 600 Rupees 720 Rupees 864 Rupees 1,037 Rupees 1,244 Rupees 1,493 Rupees 1,791 Rupees 2,150 Rupees 2,580 Rupees3,096 Rupees3,716 Rupees4,458

Subtotal

Direct

Cost of

Sales

Rupees3,420 Rupees 4,104 Rupees 4,925 Rupees 5,910 Rupees 7,092 Rupees 8,509Rupees10,212 Rupees12,256 Rupees 14,706Rupees 17,647 Rupees 21,177 Rupees 25,411

PersonnelPlan


Sayed

BatrounRupees 3,000 Rupees3,000 Rupees 3,000 Rupees 3,000 Rupees 3,000 Rupees 3,000 Rupees 3,000 Rupees 3,000 Rupees3,000 Rupees3,000 Rupees3,000 Rupees3,000

Yamine

BatrounRupees 3,000 Rupees3,000 Rupees 3,000 Rupees 3,000 Rupees 3,000 Rupees 3,000 Rupees 3,000 Rupees 3,000 Rupees3,000 Rupees3,000 Rupees3,000 Rupees3,000

Bar Staff Rupees 4,000 Rupees4,000 Rupees 4,000 Rupees 4,000 Rupees 4,000 Rupees 4,000 Rupees 4,000 Rupees 4,000 Rupees4,000 Rupees4,000 Rupees4,000 Rupees4,000

Wait

StaffRupees 2,800 Rupees2,800 Rupees 2,800 Rupees 2,800 Rupees 2,800 Rupees 2,800 Rupees 2,800 Rupees 2,800 Rupees2,800 Rupees2,800 Rupees2,800 Rupees2,800

Kitchen

StaffRupees 2,500 Rupees2,500 Rupees 2,500 Rupees 2,500 Rupees 2,500 Rupees 2,500 Rupees 2,500 Rupees 2,500 Rupees2,500 Rupees2,500 Rupees2,500 Rupees2,500

General

ManagerRupees 0 Rupees 0 Rupees 0 Rupees 0 Rupees 0 Rupees 0 Rupees 0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0

Total

People 7 7 7 7 7 7 7 7 7 7 7 7

Total

Rupees15,300 Rupees15,300 Rupees15,300 Rupees15,300 Rupees15,300 Rupees15,300 Rupees15,300 Rupees15,300 Rupees 15,300Rupees 15,300 Rupees 15,300 Rupees 15,300


20/22

Payroll

Pro FormaProfit andLoss


Sales

Rupees 12,600 Rupees 15,120 Rupees 18,144 Rupees 21,773 Rupees 26,127 Rupees 31,349 Rupees 37,624 Rupees 45,153 Rupees 54,180 Rupees 65,016 Rupees 78,019 Rupees 93,618

Direct Cost ofSales Rupees 3,420 Rupees 4,104 Rupees 4,925 Rupees5,910 Rupees 7,092 Rupees 8,509Rupees 10,212 Rupees 12,256 Rupees 14,706 Rupees 17,647 Rupees 21,177 Rupees 25,411

Other Costs ofSales

Rupees 1,000 Rupees 1,050 Rupees 1,102 Rupees1,157 Rupees 1,215 Rupees 1,276 Rupees 1,340 Rupees1,407 Rupees 1,477 Rupees 1,551 Rupees 1,629 Rupees 1,710

Total Cost ofSales

Rupees 4,420 Rupees 5,154 Rupees 6,027 Rupees7,067 Rupees 8,307 Rupees 9,785Rupees 11,552 Rupees 13,663 Rupees 16,183 Rupees 19,198 Rupees 22,806 Rupees 27,121

Gross Margin

Rupees 8,180 Rupees 9,966 Rupees 12,117 Rupees 14,706 Rupees 17,820 Rupees 21,564 Rupees 26,072 Rupees 31,490 Rupees 37,997 Rupees 45,818 Rupees 55,213 Rupees 66,497

Gross Margin % 64.92% 65.91% 66.78% 67.54% 68.21% 68.79% 69.30% 69.74% 70.13% 70.47% 70.77% 71.03%

Expenses

Payroll Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300

Marketing/Promotion Rupees 5,000 Rupees 5,000 Rupees 5,000 Rupees5,000 Rupees 3,000 Rupees 3,000 Rupees 3,000 Rupees3,000 Rupees 3,000 Rupees 3,000 Rupees 3,000 Rupees 3,000

Depreciation Rupees 1,400 Rupees 1,400 Rupees 1,400 Rupees1,400 Rupees 1,400 Rupees 1,400 Rupees 1,400 Rupees1,400 Rupees 1,400 Rupees 1,400 Rupees 1,400 Rupees 1,400

Rent Rupees 2,000 Rupees 2,000 Rupees 2,000 Rupees2,000 Rupees 2,000 Rupees 2,000 Rupees 2,000 Rupees2,000 Rupees 2,000 Rupees 2,000 Rupees 2,000 Rupees 2,000

Utilities Rupees 300 Rupees 300 Rupees 300 Rupees 300 Rupees 300 Rupees 300 Rupees 300 Rupees 300 Rupees300 Rupees 300 Rupees 300 Rupees 300

Insurance Rupees 200 Rupees 200 Rupees 200 Rupees 200 Rupees 200 Rupees 200 Rupees 200 Rupees 200 Rupees200 Rupees 200 Rupees 200 Rupees 200

Payroll Taxes 15% Rupees 2,295 Rupees 2,295 Rupees 2,295 Rupees2,295 Rupees 2,295 Rupees 2,295 Rupees 2,295 Rupees2,295 Rupees 2,295 Rupees 2,295 Rupees 2,295 Rupees 2,295

Permit Renewals 15% Rupees 0 Rupees 0 Rupees 0 Rupees 0 Rupees 0 Rupees 0 Rupees 0 Rupees 0 Rupees 0 Rupees 500 Rupees 0 Rupees 0

Supplies Rupees 500 Rupees 500 Rupees 500 Rupees 500 Rupees 500 Rupees 500 Rupees 500 Rupees 500 Rupees500 Rupees 500 Rupees 500 Rupees 500

Total Operating

Expenses Rupees 26,995 Rupees 26,995 Rupees 26,995 Rupees 26,995 Rupees 24,995 Rupees 24,995 Rupees 24,995 Rupees 24,995 Rupees 24,995 Rupees 25,495 Rupees 24,995 Rupees 24,995

Profit Before Interest

and Taxes

(Rupees 18,815) (Rupees 17,029) (Rupees 14,878) (Rupees 12,289) (Rupees7,175) (Rupees 3,431) Rupees 1,077 Rupees6,495 Rupees 13,002 Rupees 20,323 Rupees 30,218 Rupees 41,502

EBITDA (Rupees 17,415) (Rupees 15,629) (Rupees 13,478) (Rupees 10,889) (Rupees5,775) (Rupees 2,031) Rupees 2,477 Rupees7,895 Rupees 14,402 Rupees 21,723 Rupees 31,618 Rupees 42,902

Interest Expense Rupees 513 Rupees 509 Rupees 505 Rupees 495 Rupees 485 Rupees 475 Rupees 453 Rupees 428 Rupees403 Rupees 378 Rupees 354 Rupees 342

Taxes Incurred (Rupees 5,798) (Rupees 5,261) (Rupees 4,615) (Rupees 3,835) (Rupees2,298) (Rupees 1,172) Rupees 187 Rupees1,820 Rupees 3,780 Rupees 5,983 Rupees 8,959Rupees 12,348

Net Profit (Rupees 13,530) (Rupees 12,277) (Rupees 10,768) (Rupees 8,949) (Rupees5,362) (Rupees 2,734) Rupees 437 Rupees4,247 Rupees 8,819 Rupees 13,961 Rupees 20,905 Rupees 28,813

Net Profit/Sales

-107.38% -81.20% -59.35% -41.10% -20.52% -8.72% 1.16% 9.41% 16.28% 21.47% 26.79% 30.78%

Pro FormaCash Flo


Cash

Received

Cash from

Operations

Cash Sales Rupees12,600 Rupees 15,120 Rupees 18,144 Rupees 21,773 Rupees 26,127Rupees 31,349 Rupees 37,624 Rupees 45,153 Rupees 54,180 Rupees65,016Rupees78,019 Rupees93,618

Subtotal

Cash from

Operations

Rupees12,600 Rupees 15,120 Rupees 18,144 Rupees 21,773 Rupees 26,127Rupees 31,349 Rupees 37,624 Rupees 45,153 Rupees 54,180 Rupees65,016Rupees78,019 Rupees93,618

Additional

Cash

Received


21/22

Sales Tax,

VAT,

HST/GST

Received

9.00% Rupees 1,134 Rupees1,361 Rupees1,633 Rupees1,960 Rupees 2,351 Rupees2,821 Rupees3,386 Rupees4,064 Rupees4,876 Rupees5,851 Rupees7,022 Rupees 8,426

New Current

BorrowingRupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees 0

New Other

Liabilities

(interest-

free)

Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees 0

New Long -

term

Liabilities


Sales of

Other

Current

Assets


Sales of

Long-term

Assets


New

Investment

Received


Subtotal

Cash

Received

Rupees13,734 Rupees 16,481 Rupees 19,777 Rupees 23,733 Rupees 28,478Rupees 34,170 Rupees 41,010 Rupees 49,217 Rupees 59,056 Rupees70,867Rupees85,041Rupees 102,044

Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12

Expenditures

from

Operations

Cash

SpendingRupees15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees 15,300 Rupees15,300Rupees15,300 Rupees15,300

Bill

Payments Rupees 314 Rupees9,472 Rupees 10,747 Rupees 12,273 Rupees 14,047Rupees 14,876 Rupees 17,487 Rupees 20,611 Rupees 24,354 Rupees28,850Rupees34,557 Rupees40,670

Subtotal

Spent on

Operations

Rupees15,614 Rupees 24,772 Rupees 26,047 Rupees 27,573 Rupees 29,347Rupees 30,176 Rupees 32,787 Rupees 35,911 Rupees 39,654 Rupees44,150Rupees49,857 Rupees55,970

Additional

Cash Spent

Sales Tax,

VAT,

HST/GST

Paid Out

Rupees 1,134 Rupees1,361 Rupees1,633 Rupees1,960 Rupees 2,351 Rupees2,821 Rupees3,386 Rupees4,064 Rupees4,876 Rupees5,851 Rupees7,022 Rupees 8,426

Principal

Repayment

of Current

Borrowing

Rupees 300 Rupees300 Rupees300 Rupees800 Rupees800 Rupees800 Rupees800 Rupees1,000 Rupees1,000 Rupees1,000 Rupees 900 Rupees 0

Other

Liabilities

Principal

Repayment


Long-term

Liabilities

Principal

Repayment

Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees1,500 Rupees1,500 Rupees1,500 Rupees1,500 Rupees1,500 Rupees 1,500

Purchase

Other

CurrentAssets

Rupees 200 Rupees200 Rupees200 Rupees200 Rupees200 Rupees200 Rupees200 Rupees200 Rupees200 Rupees200 Rupees 200 Rupees200

Purchase

Long-term

Assets


Dividends Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees 0

Subtotal

Cash SpentRupees17,248 Rupees 26,633 Rupees 28,180 Rupees 30,532 Rupees 32,699Rupees 33,997 Rupees 38,673 Rupees 42,675 Rupees 47,231 Rupees52,702Rupees59,478 Rupees66,096

Net Cash

Flow(Rupees3,514) (Rupees10,152) (Rupees8,403) (Rupees6,800) (Rupees4,220) Rupees173 Rupees2,337 Rupees6,542 Rupees 11,826 Rupees18,166Rupees25,562 Rupees35,948


22/22

Cash Balance Rupees36,486 Rupees 26,334 Rupees 17,931 Rupees 11,131 Rupees 6,911 Rupees7,084 Rupees9,421 Rupees 15,963 Rupees 27,789 Rupees45,954Rupees71,517Rupees 107,464

Pro FormaBalance Sheet

Month 1 Month 2 M ont h 3 M ont h 4 M ont h 5 M ont h 6 M ont h 7 Month 8 Month 9 M ont h 10 Month 11 Month 12

Asse tsStarting

Balan ces

Curre nt

Asse ts

Ca sh Rupees40 ,000 Rupees36 ,486 Rupees26 ,334 Rupees17 ,931 Rupees11 ,131 Rupees6,911 Rupees7,084 Rupees9,421 Rupees15 ,963 Rupees27 ,789 Rupees45 ,954 Rupees71 ,517 Rupees107 ,464

Othe r

Curre nt

Asse ts

Rupees40 ,000 Rupees40 ,200 Rupees40 ,400 Rupees40 ,600 Rupees40 ,800 Rupees41 ,000 Rupees41 ,200 Rupees41 ,400 Rupees41 ,600 Rupees41 ,800 Rupees42 ,000 Rupees42 ,200 Rupees42 ,400

T ot al

Curre nt

Asse ts


Long-term

Asse ts

Long-term

Asse tsRupees95 ,000 Rupees95 ,000 Rupees95 ,000 Rupees95 ,000 Rupees95 ,000 Rupees95 ,000 Rupees95 ,000 Rupees95 ,000 Rupees95 ,000 Rupees95 ,000 Rupees95 ,000 Rupees95 ,000 Rupees95 ,000

Accum ulated

Depr eciationRupees0 Rupees1,400 Rupees2,800 Rupees4,200 Rupees5, 600 Rupees7,000 Rupees8,400 Rupees9,800 Rupees11 ,200 Rupees12 ,600 Rupees14 ,000 Rupees15 ,400 Rupees16 ,800

T ot al Long-

te rm Asse tsR

upees95 ,000R

upees93 ,600R

upees92 ,200R

upees90 ,800R

upees89 ,400R

upees88 ,000R

upees86 ,600R

upees85 ,200R

upees83 ,800R

upees82 ,400R

upees81 ,000R

upees79 ,600R

upees78 ,200

T ot al Asse ts Rupees175 ,000 Rupees170 ,286 Rupees158 ,934 Rupees149 ,331 Rupees141 ,331 Rupees135 ,911 Rupees134 ,884 Rupees136 ,021 Rupees141 ,363 Rupees151 ,989 Rupees168 ,954 Rupees193 ,317 Rupees228 ,064

Liabiliti es

and Capital

Month 1 Month 2 M ont h 3 M ont h 4 M ont h 5 M ont h 6 M ont h 7 Month 8 Month 9 M ont h 10 Month 11 Month 12

Curre nt

Liabiliti es

Acco u n ts

PayableRupees0 Rupees9,115 Rupees10 ,340 Rupees11 ,805 Rupees13 ,554 Rupees14 ,296 Rupees16 ,804 Rupees19 ,804 Rupees23 ,399 Rupees27 ,705 Rupees33 ,209 Rupees39 ,067 Rupees46 ,502

Curre nt

BorrowingRupees8,000 Rupees7,700 Rupees7,400 Rupees7,100 Rupees6, 300 Rupees5,500 Rupees4,700 Rupees3,900 Rupees2,900 Rupees1,900 Rupees900 Rupees0 Rupees0

Othe r

Curre nt

Liabiliti es

Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0 Rupees0

Subtotal

Curre nt

Liabiliti es

Rupees8,000 Rupees16 ,815 Rupees17 ,740 Rupees18 ,905 Rupees19 ,854 Rupees19 ,796 Rupees21 ,504 Rupees23 ,704 Rupees26 ,299 Rupees29 ,605 Rupees34 ,109 Rupees39 ,067 Rupees46 ,502

Long-term

Liabiliti esRupees50 ,000 Rupees50 ,000 Rupees50 ,000 Rupees50 ,000 Rupees50 ,000 Rupees50 ,000 Rupees50 ,000 Rupees48 ,500 Rupees47 ,000 Rupees45 ,500 Rupees44 ,000 Rupees42 ,500 Rupees41 ,000

T ot al

Liabiliti esRupees58 ,000 Rupees66 ,815 Rupees67 ,740 Rupees68 ,905 Rupees69 ,854 Rupees69 ,796 Rupees71 ,504 Rupees72 ,204 Rupees73 ,299 Rupees75 ,105 Rupees78 ,109 Rupees81 ,567 Rupees87 ,502

Paid-in

CapitalRupees197 ,000 Rupees197 ,000 Rupees197 ,000 Rupees197 ,000 Rupees197 ,000 Rupees197 ,000 Rupees197 ,000 Rupees197 ,000 Rupees197 ,000 Rupees197 ,000 Rupees197 ,000 Rupees197 ,000 Rupees197 ,000

R e tained

E ar nings(Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000) (Rupees80 ,000)

E ar nings Rupees0 (Rupees13 ,530) (Rupees25 ,806) (Rupees36 ,575) (Rupees45 ,523) (Rupees50 ,885) (Rupees53 ,620) (Rupees53 ,183) (Rupees48 ,936) (Rupees40 ,117) (Rupees26 ,155) (Rupees5, 250) Rupees23 ,562

Total Capital Rupees117 ,000 Rupees103 ,470 Rupees91 ,194 Rupees80 ,425 Rupees71 ,477 Rupees66 ,115 Rupees63 ,380 Rupees63 ,817 Rupees68 ,064 Rupees76 ,883 Rupees90 ,845 Rupees111 ,750 Rupees140 ,562

T ot al

Liabiliti es

and Capital


Ne t Worth Rupees117 ,000 Rupees103 ,470 Rupees91 ,194 Rupees80 ,425 Rupees71 ,477 Rupees66 ,115 Rupees63 ,380 Rupees63 ,817 Rupees68 ,064 Rupees76 ,883 Rupees90 ,845 Rupees111 ,750 Rupees140 ,562

Shisha B.P.

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Transcript of Shisha B.P.