AXIOM ENTERPRISE

1. Executive Summary
In this age of high energy consumption and depleting energy resources there is great urgency of a viable and
practical technology that can secure our future of energy needs provide us a compatible technological model
to nature for tomorrow with enhanced performance and low cost. We need an energy saving technology-we
need an ENERGY SAVER
AXIOM ENETERPRISE provides value added energy saving solutions to the consumers of today in his
home, his office, his industry, on roads and streets. It is a product based electronic appliances business
opening in the hub of business in Peshawar, the Deans trade center.
Offering long term energy solutions not only to private market but government sector also. AXIOM
ENETERPRISE will have a team of highly skilled business professionals comprising of two active sales
personals, two management personals who are also active partners. This will add to the sales ratio and
growth rate of the enterprise.
AXIOM ENERGY SAVER is LED based energy saver (LED=Light Emitting Diod) ranging from 1028watts. This will be the best replacement of CFL and incandescent light emitting devices available in the
market that ranges from 100 watts-250watts.
In the vary start of the business the AXIOM ENTERPRISE will focus on the import of the product, the
product will be imported from China. The key supplier of this product is
ChengkaiOPTO-ElectronicCo.,Ltd
A group of companies located at Ninghai,Shanghai,Hangzhou,Jiangxi,Shenzhen.
HQ:Add:R302,No235# Lianfa tangkou,Heshang,Xiaoshan Dist. Hangzhou,Zhejiang,P.R.China

The above company is in focus because of our extensive research for the most affordable prices. The is
charging reasonable prices for their products. We have got very good response from this company which
makes us to do business with this company.
After the three years of successful business AXIOM ENTERPRISE will negotiate on the transfer of
technology so as to provide the product at much cheaper price to its end users.
AXIOM ENTERPRISE will capture bigger market share due to its efficacy and user friendly operational
orientation. These days Pakistan is facing grave energy shortage and major power breakdowns resulted due
to over usage and wastage of electricity. The consumers are seeking savings in their electricity expenditure.
So AXIOM ENERGY SAVER is the need of time and requirement of rapidly globalizing market.
AXIOM ENERGY SAVER is a unique revolutionary product that is cost effective emitting more light than
contemporary incandescent products available in market. It will last for unimaginable life time reducing the
electricity bills and most importantly the support which will be provided to the energy sector of the country
by saving huge amount of electricity.
Major thrust of this business plan is to facilitate the government in energy saving initiatives and to provide a
viable alternative in the form of AXIOM ENERGY SAVER to both the government and private sector.
Moreover the corporate community and general consumers are the feasible marketing areas to be targeted to
achieve business objectives and grab market attention for the upcoming energy saving revolution.
AXIOM ENTERPRISE will not make borrowing form banks or any other financial institution
because of the high interest.
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AXIOM ENTERPRISE

Highlights

PKR18,000,000
PKR16,000,000
PKR14,000,000
PKR12,000,000

Sales

PKR10,000,000

Gross Margin

PKR8,000,000

Net Profit

PKR6,000,000
PKR4,000,000
PKR2,000,000
PKR0
FY 2010

1.1.

FY 2011

FY 2012

Objectives
The objectives for the first three years of operation include:

1.2.

To create a company whose goal is to exceed customer's expectations.

To increase the number of customers served by 20% per year.

To become profitable within two year.

To provide quality product to the consumer

Mission

AXIOM ENTERPRISE aim is to give benefit to the national energy resources by saving
energy that will consequently benefit the end users by lowering their electricity cost.
AXIOM ENTERPRISE aims to establish strong relationships with the regional vendors who
are capable of shipping major parts rapidly (on an overnight timeline in most cases)
minimizing the system down time.

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AXIOM ENTERPRISE
AXIOM ENTERPRISE is not only to propose a viable energy saving model but building a
strong professional relationship with all our customers that is grounded in honesty, fairness
and integrity of service

1.3.

Keys to Success
AXIOM Enterprises keys to success include:
o Exceptional, efficient and convenient AXIOM Energy savers.
o Focus on energy saving for nation and lowering electricity bills for consumers.
o Building a strong professional relationship between corporate society and the
customer base.
o Rapid sales and service- order and delivery mechanism of AXIOM Energy savers.

2. Company Summary
AXIOM ENTERPRISE is a start-up business managed by Ijlal Ahmad Khattak, Syed Jamil ur
Rehman. The economic growth of Pakistan in the past several years has resulted in a high demand
of energy for both the industrial and domestic users. As a result, a gap between the supply and
demand has increased to a dangerous extent thus country's need for energy has substantially risen.
AXIOM ENTERPRISE will position itself to capitalize on the growing need of the middle- and
upper-class market for quality electrical devices fulfilling the metropolitan needs.

2.1.

Company Ownership
The company will be owned by two partners, Ijlal Ahmad Khattak Syed Jamil Ur Rehman

2.2.

Start-up Summary
The business will be started with the initial investment of Rs.80,000,000, with the 50% share
of each said active partners. The following table and chart show projected initial start-up costs
AXIOM ENTERPRISE will incur. The transportation cost and the all duties are included in
the cost per unit so we have not mentioned it separately.(transportation+all duties=550,000)

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Start-up
Requirements
Start-up Expenses
Legal
Stationery etc.
Insurance
Rent
Computer
PROMOTION
Total Start-up Expenses

PKR30,000
PKR4,000
PKR12,000
PKR20,000
PKR25,000
PKR10,000
PKR101,000

Start-up Assets
Cash Required
Start-up Inventory
Other Current Assets
Long-term Assets
Total Assets

PKR200,000
PKR8,000,000
PKR60,000
PKR0
PKR8,260,000

Total Requirements

PKR8,361,000

Start-up

PKR9,000,000
PKR8,000,000
PKR7,000,000
PKR6,000,000
PKR5,000,000
PKR4,000,000
PKR3,000,000
PKR2,000,000
PKR1,000,000
PKR0
Expenses

Assets

Investment

Loans

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AXIOM ENTERPRISE

3. Products and Services

AXIOM ENTERPRISE products are the following:
AXIOM ENTERPRISE product is LED based Energy savers. LED stands for "Light Emitting
Diod", which are AXIOM ENERGY SAVERS. These energy saver are available in different watts
like any other energy saver that are presently available all over Pakistan, ranging form 10 watt-56
watt bulb.
These energy saver are the best alternative to conventional energy saver and incandescent light
emitting devices. The LED base energy savers are the lowest energy consumption devices with
long life and unmatched efficiency. The expected useful life of AXIOM ENERGY SAVER is
30,000 hours (based on 10 hours daily glowing), while conventional lights have a life of only
5,000 hours (based on 10 hours daily glowing). These features distinguishes LED based energy
from the rest of the contemporary light emitting devices.
4. Market Analysis Summary
AXIOM ENETERPRISE focuses on offering customers with a product that is different, cost
effective and user-friendly in nature as compared to the available light emitting devices in market.
These energy savers glow at as low as 80-240 volts. For this product we will enter into business
agreements with AVON Super store and WADOOD sons, NEEDS superstore and other big Lamps
selling stores in Peshawar district.
AXIOM ENTERPRISE relationship with large superstores will serve as a solid foundation for the
future growth of the business. The enterprise has estimated that about 30% of revenues will come
from the stated business customers. It is estimated that these contracts will grow yearly at a rate of
15%. The remaining 70% will come from our local distributors across NWFP region. We have
estimate that this segment of potential customers will grow by 15% annually. Over the period of
time, serving the customers on nation wide basis will become the core of the business.
4.1.

Market Segmentation
The table and chart below further estimates the total market potential of products by AXIOM
ENTERPRISE in the metropolitan area including government, private organizations and local
population of Peshawar region.
We have segmented the local population on the basis of the income and purchasing power
parity of the customers. Our product would be more affordable to the class of income
having PKR.15000 and plus.

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Market Analysis
Potential Customers
Government
Private businesses
Local population
Total

Growth
25%
15%
4%
4.04%

2009

2010

2011

2012

2013

5
100
40,000
40,105

6
115
41,600
41,721

8
132
43,264
43,404

10
152
44,995
45,157

13
175
46,795
46,983

CAGR
26.98%
15.02%
4.00%
4.04%

Market Analysis (Pie)

Government
Private businesses
Local population

4.2.

Target Market Segment Strategy

The suppliers and manufactures of incandescent bulbs and CFL (Compact fluorescent Light)
in market do not meet the type of demand which our products will serve, thus we would be
initially having a competitive advantage over the old market. Our success will first depend on
the local retail stores, such as SILVER STAR LIGHTS, Avon super store and other related big
lights selling shops which are specifically dealing the light products, These shops have strong
local customer support from years of faithful services which our enterprise will utilize. The
niche where AXIOM ENTERPRISE positions itself represents one convenient location for
business clients and local residents. The region of Peshawar has been booming with middleand upper-class residential housing. Thus the segmentation of the product is on the basis of
middle class, upper class, government and private organization.

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AXIOM ENTERPRISE
4.3.

Competition and Buying Patterns

The people of Pakistan are facing energy crisis these days, thats why they are more
concerned about the low consumption of energy in order to sustain a stable supply of
energy and regulate the cost of electricity as prescribed by PESCO also.
The energy savers and incandescent bulbs of different companies available in the
country over consume the electrical energy, due to which the energy crisis raises day by
day, due to which government is unable to meet the energy demand of the general
public and also most importantly for the industrial sector of the country. If the
government would be unable to sustain a steady supply of energy to the industrial
sector then the industry would not grow and that will effect the economic conditions of
the country. For this reason government intends to increase per unit cost of electricity,
in order to discourage the use of electrical energy. Consequently, the increasing cost
will adversely affect the income level of general public.

5. Strategy and Implementation Summary

Emphasize Maintenance Service
AXIOM ENTERPRISE will differentiate its self from other light suppliers by offering
maintenance services to its valuable customer so as to attract the potential customer.
Build a Relationship-Oriented Business
Build long-term relationships with clients, through occasional visit. To Make them understand the
value of the relationship.
Focus on Target Markets
We need to focus our offerings on people highly conscious about the energy saving or who are
conscious about lowering their electricity bills.
Differentiate and Fulfill the Promise
We can't just market a product, we must actually deliver as well. We need to make sure we have the
knowledge-intensive business and we claim to have.
5.1.

SWOT Analysis
5.1.1. Strengths
Energy Efficiency:
The LED based AXIOM ENERGY SAVER save 90% as compare to conventional
bulb and 20% as compare to conventional energy saver(CFL energy saver) available in
the market.

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AXIOM ENTERPRISE
long life span:
The life span of LED based energy saver is more than 30000 hours where as the
conventional bulb is 5000 hours and CFL energy saver is 8000 hours approximately
Stay lit:
One bad bulb won't shut off the whole string
safety:
LED based AXIOM ENERGY SAVER saver stay cool and possessed less of fire
hazard.
Durability:
LED based AXIOM ENERGY SAVER is a plastic bulb and are less likely to break than
traditional bulbs.
Cost effective:
They pay for them selves in the energy saving in the first year.
5.1.2. Weaknesses
The following are the weakness of the LED based AXIOM ENERGY SAVER.
Costly:
The LED based AXIOM ENERGY SAVER are costly as compare to conventional bulbs
and the normal energy saver.
Chance of damage:
The bulb can be damaged if placed in closed lamp container in which air cannot
enter and the heat dissipated from the AXIOM ENERGY SAVER will accumulate in
the lamp container.
5.1.3. Opportunities
The opportunities available to axiom energy saver are described in the following lines.
Distribution channel:
We have the opportunity to have distribution all over Pakistan
Subsidies from government:
Because of the low consumption government will give us subsidies on our product in
form of duty free.
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AXIOM ENTERPRISE
Manufacturing plant:
We can manufacture it locally in order to lower down the price so as to provide the
product at more economical rate to the customers.
5.1.4. Threats
Threats that are and will be faced by AXIOM ENERGY SAVER are described in the
following lines
Current economic recession:
The biggest external and uncontrollable threat that AXIOM ENERGY SAVER will face
is the economic recession that has struck the world economic drastically.
Already available energy savers:
The already available energy saver in the market are little cheaper then that of AXIOM
ENERGY SAVER (LED BASED) so its a little bit difficult to switch consumer form
conventional energy saver to LEB based energy saver.
New technology:
The introduction of new technology is also threat.
5.2.

Competitive Edge
The competitive edge of AXIOM ENERGY SAVER over other products is its unique features.
The products offered by AXIOM ENTERPRISE is LED based energy saver which perform
more and consumes less. The top priority, of every consumer is consumption of as low energy
as possible to reduce the burden of their electricity expenditure and increase in nation's energy
reservoirs. This demand will be met by LED based energy saver devices. AXIOM ENERGY
SAVER will be having the following competitive edge over the CFL and incandescent.
o

Energy-efficient - They use 90% less energy than regular lights.

Long Life Span - They last up to 50,000 hours.

Stay Lit - One bad bulb won't shut off the whole string.

Safety - Bulbs stay cool and pose less of a fire hazard.

Sturdy Bulbs - Durable plastic bulbs are less likely to break than traditional glass bulbs.
o Cost-Effective - In most cases, they pay for themselves in energy savings in the first

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AXIOM ENTERPRISE
Comparison of Road Lights Electricity Consumption of Axiom energy saver with
conventional bulb in Peshawar:
The above table is based on the following calculations.

LOCATION

AXIOM ENERGY

NO. OF

CONVENTIONAL

ROAD

BULB CONSUMPTION

LIGHTS

(250 WATT)

1800

Rs.15,552,000

Rs.1,555,200

Rs.10,000,000

1400

Rs.12,096 ,000

Rs.1,209,600

Rs.10,000,000

SAVER
CONSUMPTION (28

SAVINGS

WATT)

Mardan to
Peshawar
motorway
Peshawar city to
hayatabad
(including
hayatabad all
phases):

Mardan to Peshawar:
For Conventional Bulb 250WATT:
Total energy consumption=
1800(no of bulbs)4KWh(Per bulb consumption)= 7200 KWh( Total units consumed)
7200KWhRs.6/unit= RS.43,200 (Total consumption per day in PKR)
43,20030 days= Rs.1,296,000 ( 0ne month consumption in PKR)
1,296,00012 months= Rs.15,552,000 ( One year consumption in PKR)
For Axiom Energy Save 28WATT:
Total energy consumption=
1800(no of bulbs)0.4KWh(Per bulb consumption)= 720 KWh( Total units consumed)
720KWhRs.6/unit= RS.43,20 (Total consumption per day in PKR)
43,2030 days= Rs.129,600 ( 0ne month consumption in PKR)
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AXIOM ENTERPRISE
129,60012 months= Rs.1,555,200 ( One year consumption in PKR)
Peshawar City to Hayatabad (including all phases)
For Conventional Bulb 250WATT:
Total energy consumption=
1400(no of bulbs)4KWh(Per bulb consumption)= 5600 KWh( Total units consumed)
5600KWhRs.6/unit= RS.33,600 (Total consumption per day in PKR)
33,60030 days= Rs.1,008,000 ( 0ne month consumption in PKR)
1,008,00012 months= Rs.12,096,000 ( One year consumption in PKR)
For Axiom Energy Save 28WATT:
Total energy consumption=
1400(no of bulbs)0.4KWh(Per bulb consumption)= 560 KWh( Total units consumed)
560KWhRs.6/unit= RS.33,60 (Total consumption per day in PKR)
33,6030 days= Rs.100,800 ( 0ne month consumption in PKR)
100,80012 months= Rs.1,209,600 ( One year consumption in PKR)
N.B: The above calculations are based on fixed cost of per unit of electrical consumption. The
cost taken is Rs.6 per unit. The increasing number of units consumed are traditionally charged
high prices by WAPDA, while lower consumption of units are charged low prices per unit.
Therefore Axoim energy saver might also be charged lower prices then what we actually have
charged. i.e. lower than Rs.6 per unit.

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AXIOM ENTERPRISE

Comparison of Domestic consumption of electrical energy of Axiom energy saver with

conventional bulb in Hayatabad and attached area of board:
ESTIMATED AVERAGE CONSUMPTION PER HOUSE IN HAYATABAD

Product

No of

No of unit

Lights

consumed per

Per house

day

Consumption

Consumption per

per day in PKR

month in PKR

24 Watt CFL
(compact
Florescent

Consumption
per year in
PKR
Rs.10670

13

4.94Units

Rs.29.64

Rs.889.2

13

2.08 units

Rs.12.48

Rs.374.4

Rs.4,493

13

2.8 Units

Rs.17.16

Rs.514.8

Rs.6177

Light)
10 Watt
(AXIOM energy
saver)
Savings

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AXIOM ENTERPRISE
The above calculations are based on the following assumption:
One Axiom energy saver consumes .016 units per day, therefore 13 Axiom energy savers will
consume=130.16=2.08 per day.
One Compact Florescent light consumes 0.38 units per day, therefore 13 Compact Florescent Lights
consumes=130.38=4.94 per day.
TOTAL CONSUMPTION OF HAYATABAD TOWN AND SOME ATTACHED AREA OF
BOARD (based on the above table):

Product

Estimated

Unit

Per day

Per month

Per year

No. of

consumption of

consumption of

consumption of

consumption of

houses

Hayatabad

Hayatabad

Hayatabad

Hayatabad

80004.94=

800029.64=

8000889.2=

800010670=

39,520 Units

PKR 237,120

PKR 7,113,600

PKR 85,360,000

80002.08=

800012.48=

8000374.4=

80004493=

16,640 Units

PKR 99,840

PKR 2,995,200

PKR 35,944,000

22,880 Units

PKR 137,280

PKR 4,118,400

PKR 49,416,000

24 watt
Compact
Fluorescent

8000

Light
10 watt Axiom
energy saver
Saving

5.3.

8000

8000

Marketing Strategy
The marketing strategy for the electronic appliances of AXIOM ENTERPRISE Company will
be done on the basis of immediate need zones in different geographical areas. The geographical
areas are divided into three zones, the Peshawar region, whole NWFP, and nation wide for
marketing of the AXIOM ENERGY SAVERS. Initially the target zone will be Peshawar in
NWFP region.
The strategy adopted for the marketing of the appliances of AXIOM ENTERPRISE in Peshawar
region is that the enterprise will be entering into service agreements with the two major retail
stores of Peshawar, Wadood Sons and Avon Super Store.

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AXIOM ENTERPRISE
These shops have strong local customer support from years of faithful services. Another
marketing strategy is to run a proper media campaign in print media and also create an attractive
brochure, which will convey the products' introduction and image to the business and end users.
A corporate Web page will be designed for promotions, sales and coordination of the enterprise
and customers.
5.4.

Sales Strategy
Different types of sales strategies would be used for AXIOM ENTERPRISE 's products.
The consumers will be given a "cash refunded" offer, if the product would not fulfill the desired
demand. Such offer will be executed when the customers bring their past electricity bills
compared with the whole month bill of the month, when the product was installed.
Price pack of the LED Energy savers will be offered to the customers on lower price than
separate price of each product. e.g 1 energy saver tube light is Rs.1200. The price pack
will include 3 LEDs. This price pack will be offered for Rs1150.
AXIOM ENERGY SAVERS will be displayed at different stores at "Point of purchase". Thus
the customers will be introduced with the products.
Sales people hired for the sale of the products will be given 2% extra bonus on selling on 5
products.
5.4.1. Sales Forecast
The sales forecast has been developed as a forecast and tracking tool to provide the
company with realistic sales goals as well as a way to verify progress. The forecast has
been developed as a conservative estimate, not an aggressive sales promise. The direct
cost of the AXIOM ENERGY SAVER i.e. RS.1000, includes the transportation cost. The
overall transportation cost of one container is Rs.120,000. This cost is distributed on per
unit basis.
By adopting a conservative forecast, AXIOM ENETERPRISE increases the likelihood
of reaching sustainable sales growth. The following table and charts provide more
detailed information about the sales cycle, both from a temporal viewpoint and a product
perspective.
Note:
Thus Rs. 1000 direct cost includes the transportation cost from the company to the ware
house, taxes and duties.

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AXIOM ENTERPRISE
Sales Forecast
Unit Sales
10 watt
Total Unit Sales
Unit Prices
10 watt
Sales
10 watt
Total Sales
Direct Unit Costs
10 watt
Direct Cost of Sales
10 watt
Subtotal Direct Cost of Sales

FY 2010

FY 2011

FY 2012

9,015
0
9,015

12,393
0
12,393

14,000
0
14,000

FY 2010
PKR1,200
PKR0

FY 2011
PKR1,200
PKR0

FY 2012
PKR1,200
PKR1,200

PKR10,818,580
PKR0
PKR10,818,580

PKR14,871,325
PKR0
PKR14,871,325

PKR16,800,000
PKR0
PKR16,800,000

FY 2010
PKR996
PKR0

FY 2011
PKR996
PKR0

FY 2012
PKR996
PKR0

PKR8,979,421
PKR0
PKR8,979,421

PKR12,343,200
PKR0
PKR12,343,200

PKR13,944,000
PKR0
PKR13,944,000

Sales Monthly

PKR1,200,000

PKR1,000,000

PKR800,000

10 watt

PKR600,000

Series2
PKR400,000

PKR200,000

PKR0
Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

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15

AXIOM ENTERPRISE

Sales by Year

PKR18,000,000
PKR16,000,000
PKR14,000,000
PKR12,000,000
PKR10,000,000

10 watt

PKR8,000,000

Series2

PKR6,000,000
PKR4,000,000
PKR2,000,000
PKR0
FY 2010

5.5.

FY 2011

FY 2012

Milestones
AXIOM ENTERPRISE will achieve several milestones early on:
These milestones will serve as a roadmap and an indispensable tool for the ongoing
performance and improvement of the company.
Office setup: office setup include the furnishing of of office and its required equipment, its
completion time is about one month
Legal expenses: include the spending on the preparation of legal document
through an experienced advocate. It will take 6 months
Inventory: Inventory will reach to the warehouse with in 1 month.
Stationary & computer: these will be purchased when office is fully setup. These will be
purchased with in the month of office setup
Insurance: Insurance document will take round about 1 week in preparation.
Promotion: Promotional activities will be carried out immediately after acquisition of
inventory.

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AXIOM ENTERPRISE

Milestones
Milestone
Office setup
Legal expenses
Inventory
Stationary & computer
Insurance
Promotion

Start Date
1/15/2010
8/1/2010
1/15/2010
2/23/2010
1/10/2010
3/1/2010

End Date
2/15/2010
2/1/2010
2/25/2010
2/28/2010
1/17/2010
3/31/2010

Totals

Budget
PKR105,000
PKR30,000
PKR8,000,000
PKR29,000
PKR12,000
PKR10,000

Manager
Ijlal
Kifayat ullah adv
Jamil
Jamil
Ijlal
Ijlal

Department
Department
Department
Department
Department
Department
Department

PKR8,186,000

Milestones

Office setup

Legal expenses

Inventory

Stationary & computer

Insurance

Promotion

0
1913

1927

1941

1955

1969

1983

1997

2011

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17

AXIOM ENTERPRISE

6. Management Summary
AXIOM ENTERPRISE is owned by two partners, who are qualified MBAs, graduated from Institute
of Management Studies, Peshawar university.
These two partners will initially perform the job of management at AXIOM ENERGY SAVER .
Mr.Ijlal Ahmad Khattak will be the General manager marketing of the enterprise doing the job of
acquiring and ware housing of the inventory. Mr. Jamil Ur Rehman will work as General Manager
finance and will also be dealing with the financial matters of the AXIOM ENTERPRISE.
Mr. Kashif and Noor Waseem will be responsible for Marketing of the product in Peshawar region.
6.1.

Personnel Plan
The management staff comprises of the 2 partners:
Mr. Ijlal Ahmad Khattak : General manager marketing of the AXIOM ENERGY SAVER
Mr. Syed Jamil Ur Rehman General manager financial and will deal in financial matters.
Mr. Waseem Khan and Mr. Kashif will work as sales personnel.
Mr. Arif will work as office boy for the indoor and out door activities

Personnel Plan
SALES PERSONNEL
OFFICE BOY
Total People

FY 2010
PKR120,000
PKR24,000
3

FY 2011
PKR132,000
PKR26,400
3

FY 2012
PKR144,000
PKR28,000
5

Total Payroll

PKR144,000

PKR158,400

PKR172,000

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AXIOM ENTERPRISE
7.

Financial Plan
Start-up Funding
Start-up Expenses to Fund
Start-up Assets to Fund
Total Funding Required

PKR101,000
PKR8,260,000
PKR8,361,000

Assets
Non-cash Assets from Start-up
Cash Requirements from Start-up
Additional Cash Raised
Cash Balance on Starting Date
Total Assets

PKR8,060,000
PKR200,000
PKR0
PKR200,000
PKR8,260,000

Liabilities and Capital

Liabilities
Current Borrowing
Long-term Liabilities
Accounts Payable (Outstanding Bills)
Other Current Liabilities (interest-free)
Total Liabilities

PKR0
PKR0
PKR0
PKR0
PKR0

Capital
Planned Investment
OWNER 1
OWNER 2
Additional Investment Requirement
Total Planned Investment

PKR4,180,500
PKR4,180,500
PKR0
PKR8,361,000

Loss at Start-up (Start-up Expenses)

Total Capital

-PKR101,000
PKR8,260,000

Total Capital and Liabilities

PKR8,260,000

Total Funding

PKR8,361,000

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AXIOM ENTERPRISE

7.1.

Break-even Analysis

Break-even Analysis
Monthly Units Break-even
Monthly Revenue Break-even

257
PKR308,824

Assumptions:
Average Per-Unit Revenue
Average Per-Unit Variable Cost
Estimated Monthly Fixed Cost

PKR1,200
PKR996
PKR52,500

Break-even Analysis

PKR40,000
PKR20,000
PKR0
-PKR20,000
-PKR40,000
-PKR60,000
0

80

160

240

320

400

Monthly break-even point

Break-even point = where line intersects with 0

Page

20

AXIOM ENTERPRISE

7.2.

Projected Profit and Loss

Pro Forma Profit and Loss

Cost of Goods Sold

FY 2010
PKR10,818,580
PKR8,979,421
PKR0
-----------PKR8,979,421

FY 2011
PKR14,871,325
PKR12,343,200
PKR0
-----------PKR12,343,200

FY 2012
PKR16,800,000
PKR13,944,000
PKR0
-----------PKR13,944,000

Gross Margin
Gross Margin %

PKR1,839,159
17.00%

PKR2,528,125
17.00%

PKR2,856,000
17.00%

Total Operating Expenses

PKR144,000
PKR200,000
PKR0
PKR220,000
PKR60,000
PKR6,000
PKR0
PKR0
-----------PKR630,000

PKR158,400
PKR140,000
PKR0
PKR240,000
PKR66,000
PKR12,000
PKR0
PKR0
-----------PKR616,400

PKR172,000
PKR100,000
PKR0
PKR264,000
PKR72,000
PKR12,000
PKR0
PKR0
-----------PKR620,000

Profit Before Interest and Taxes

EBITDA
Interest Expense
Taxes Incurred

PKR1,209,159
PKR1,209,159
PKR0
PKR36,275

PKR1,911,725
PKR1,911,725
PKR0
PKR573,518

PKR2,236,000
PKR2,236,000
PKR0
PKR67,080

Net Profit
Net Profit/Sales

PKR1,172,884
10.84%

PKR1,338,208
9.00%

PKR2,168,920
12.91%

Sales
Direct Costs of Goods
Other Costs of Goods

Expenses
Payroll
Marketing/Promotion
Depreciation
Rent
Utilities
Insurance
Payroll Taxes
Others

Page

21

AXIOM ENTERPRISE

Profit Monthly
PKR160,000
PKR140,000
PKR120,000
PKR100,000
PKR80,000
PKR60,000
PKR40,000
PKR20,000
PKR0
Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Page

22

AXIOM ENTERPRISE

Profit Yearly

PKR2,500,000

PKR2,000,000

PKR1,500,000

PKR1,000,000

PKR500,000

PKR0
FY 2010

FY 2011

FY 2012

Gross Margin Monthly

PKR200,000
PKR180,000
PKR160,000
PKR140,000
PKR120,000
PKR100,000
PKR80,000
PKR60,000
PKR40,000
PKR20,000
PKR0
Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Page

23

AXIOM ENTERPRISE

Gross Margin Yearly

PKR3,000,000

PKR2,500,000

PKR2,000,000

PKR1,500,000

PKR1,000,000

PKR500,000

PKR0
FY 2010

FY 2011

FY 2012

Page

24

AXIOM ENTERPRISE

7.3.

Projected Cash Flow

Pro Forma Cash Flow

FY 2010

FY 2011

FY 2012

PKR10,818,580
PKR10,818,580

PKR14,871,325
PKR14,871,325

PKR16,800,000
PKR16,800,000

PKR0

PKR0

PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0
PKR0
PKR0
PKR10,818,580

PKR0
PKR0
PKR0
PKR0
PKR14,871,325

PKR0
PKR0
PKR0
PKR0
PKR16,800,000

Expenditures

FY 2010

FY 2011

FY 2012

Expenditures from Operations

Cash Spending
Bill Payments
Subtotal Spent on Operations

PKR8,666,275
PKR0
PKR8,666,275

PKR9,189,918
PKR0
PKR9,189,918

PKR14,978,312
PKR0
PKR14,978,312

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0
PKR0
PKR0
PKR8,666,275

PKR0
PKR0
PKR0
PKR9,189,918

PKR0
PKR0
PKR0
PKR14,978,312

PKR2,152,305
PKR2,352,305

PKR5,681,408
PKR8,033,713

PKR1,821,688
PKR9,855,401

Cash Received
Cash from Operations
Cash Sales
Subtotal Cash from Operations
Additional Cash Received
Sales Tax, VAT, HST/GST
Received
New Current Borrowing
New Other Liabilities (interestfree)
New Long-term Liabilities
Sales of Other Current Assets
Sales of Long-term Assets
New Investment Received
Subtotal Cash Received

Additional Cash Spent

Sales Tax, VAT, HST/GST Paid
Out
Principal
Repayment
of
Current Borrowing
Other Liabilities Principal
Repayment
Long-term Liabilities Principal
Repayment
Purchase Other Current Assets
Purchase Long-term Assets
Dividends
Subtotal Cash Spent
Net Cash Flow
Cash Balance

Page

25

AXIOM ENTERPRISE

Cash

PKR8,000,000
PKR6,000,000
PKR4,000,000
PKR2,000,000

Net Cash Flow

PKR0

Cash Balance

-PKR2,000,000
-PKR4,000,000
-PKR6,000,000
-PKR8,000,000
Mar Apr May Jun

Jul

Aug Sep Oct Nov Dec Jan Feb

Page

26

AXIOM ENTERPRISE
7.4.

Projected Balance Sheet

Pro Forma Balance Sheet

FY 2010

FY 2011

FY 2012

Current Assets
Cash
Inventory
Other Current Assets
Total Current Assets

PKR2,352,305
PKR7,020,579
PKR60,000
PKR9,432,884

PKR8,033,713
PKR2,677,379
PKR60,000
PKR10,771,092

PKR9,855,401
PKR3,024,610
PKR60,000
PKR12,940,012

Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets

PKR0
PKR0
PKR0
PKR9,432,884

PKR0
PKR0
PKR0
PKR10,771,092

PKR0
PKR0
PKR0
PKR12,940,012

Liabilities and Capital

FY 2010

FY 2011

FY 2012

Current Liabilities
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities

PKR0
PKR0
PKR0
PKR0

PKR0
PKR0
PKR0
PKR0

PKR0
PKR0
PKR0
PKR0

Long-term Liabilities
Total Liabilities

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital

PKR8,361,000
-PKR101,000
PKR1,172,884
PKR9,432,884
PKR9,432,884

PKR8,361,000
PKR1,071,884
PKR1,338,208
PKR10,771,092
PKR10,771,092

PKR8,361,000
PKR2,410,092
PKR2,168,920
PKR12,940,012
PKR12,940,012

Net Worth

PKR9,432,884

PKR10,771,092

PKR12,940,012

Assets

7.5.

Business Ratios
Business ratios for the years of this plan are shown below. Industry profile ratios based on the
Standard Industrial Classification (SIC) code 7622, AXIOM ENTERPRISE , are shown for
comparison.

Page

27

AXIOM ENTERPRISE
Ratio Analysis
Sales Growth

FY 2010
0.00%

FY 2011
37.46%

FY 2012
12.97%

Industry Profile
7.99%

Percent of Total Assets

Inventory
Other Current Assets
Total Current Assets
Long-term Assets
Total Assets

74.43%
0.64%
100.00%
0.00%
100.00%

24.86%
0.56%
100.00%
0.00%
100.00%

23.37%
0.46%
100.00%
0.00%
100.00%

20.88%
39.42%
80.83%
19.17%
100.00%

Current Liabilities
Long-term Liabilities
Total Liabilities
Net Worth

0.00%
0.00%
0.00%
100.00%

0.00%
0.00%
0.00%
100.00%

0.00%
0.00%
0.00%
100.00%

36.76%
19.30%
56.06%
43.94%

100.00%
17.00%
6.16%

100.00%
17.00%
8.00%

100.00%
17.00%
4.09%

100.00%
32.63%
14.23%

1.85%
11.18%

0.94%
12.86%

0.60%
13.31%

0.98%
2.29%

Main Ratios
Current
Quick
Total Debt to Total Assets
Pre-tax Return on Net Worth
Pre-tax Return on Assets

0.00
0.00
0.00%
12.82%
12.82%

0.00
0.00
0.00%
17.75%
17.75%

0.00
0.00
0.00%
17.28%
17.28%

1.61
0.89
59.68%
3.24%
8.03%

Additional Ratios
Net Profit Margin
Return on Equity

FY 2010
10.84%
12.43%

FY 2011
9.00%
12.42%

FY 2012
12.91%
16.76%

n.a
n.a

Activity Ratios
Inventory Turnover
Accounts Payable Turnover
Payment Days
Total Asset Turnover

1.64
0.00
0
1.15

2.55
0.00
0
1.38

4.89
0.00
0
1.30

n.a
n.a
n.a
n.a

Debt Ratios
Debt to Net Worth
Current Liab. to Liab.

0.00
0.00

0.00
0.00

0.00
0.00

n.a
n.a

Liquidity Ratios
Net Working Capital
Interest Coverage

PKR9,432,884
0.00

PKR10,771,092
0.00

PKR12,940,012
0.00

n.a
n.a

Additional Ratios
Assets to Sales
Current Debt/Total Assets
Acid Test
Sales/Net Worth
Dividend Payout

0.87
0%
0.00
1.15
0.00

0.72
0%
0.00
1.38
0.00

0.77
0%
0.00
1.30
0.00

n.a
n.a
n.a
n.a
n.a

Percent of Sales
Sales
Gross Margin
Selling, General & Administrative
Expenses
Advertising Expenses
Profit Before Interest and Taxes

Page

28

Appendix

Sales Forecast
Unit Sales
10 watt
Total
Sales

0%
0%

Unit

Unit Prices
10 watt
Sales
10 watt
Total Sales
Direct Unit
Costs
10 watt
Direct Cost
of Sales
10 watt
Subtotal
Direct Cost
of Sales

83.00%
0.00%

Mar-09

Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

Dec-09

600
0
600

624
0
624

649
0
649

675
0
675

702
0
702

730
0
730

759
0
759

790
0
790

821
0
821

854
0
854

Mar-09
PKR1,200
PKR0

Apr-09
PKR1,200
PKR0

May-09
PKR1,200
PKR0

Jun-09
PKR1,200
PKR0

Jul-09
PKR1,200
PKR0

Aug-09
PKR1,200
PKR0

Sep-09
PKR1,200
PKR0

Oct-09
PKR1,200
PKR0

Nov-09
PKR1,200
PKR0

Dec-09
PKR1,200
PKR0

PKR720,000
PKR0
PKR720,000

PKR748,800
PKR0
PKR748,800

PKR778,752
PKR0
PKR778,752

PKR809,902
PKR0
PKR809,902

PKR842,298
PKR0
PKR842,298

PKR875,990
PKR0
PKR875,990

PKR911,030
PKR0
PKR911,030

PKR947,471
PKR0
PKR947,471

PKR985,370
PKR0
PKR985,370

PKR1,024,785
PKR0
PKR1,024,785

Mar-09

Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

Dec-09

PKR996
PKR0

PKR996
PKR0

PKR996
PKR0

PKR996
PKR0

PKR996
PKR0

PKR996
PKR0

PKR996
PKR0

PKR996
PKR0

PKR996
PKR0

PKR996
PKR0

PKR597,600
PKR0
PKR597,600

PKR621,504
PKR0
PKR621,504

PKR646,364
PKR0
PKR646,364

PKR672,219
PKR0
PKR672,219

PKR699,107
PKR0
PKR699,107

PKR727,072
PKR0
PKR727,072

PKR756,155
PKR0
PKR756,155

PKR786,401
PKR0
PKR786,401

PKR817,857
PKR0
PKR817,857

PKR850,571
PKR0
PKR850,571

Page 29

Appendix

Sales Forecast 2nd Year

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Nov-10

Dec-10

Jan-11

Feb-11

942
0
942

961
0
961

981
0
981

1,000
0
1,000

1,020
0
1,020

1,041
0
1,041

1,061
0
1,061

1,083
0
1,083

1,104
0
1,104

1,126
0
1,126

1,149
0
1,149

Mar-10
PKR1,2
00
PKR0

Apr-10
PKR1,2
00
PKR0

May-10
PKR1,2
00
PKR0

Jun-10
PKR1,2
00
PKR0

Jul-10
PKR1,2
00
PKR0

Aug-10
PKR1,2
00
PKR0

Sep-10
PKR1,2
00
PKR0

Oct-10
PKR1,2
00
PKR0

Nov-10
PKR1,2
00
PKR0

Dec-10
PKR1,2
00
PKR0

Jan-11
PKR1,2
00
PKR0

Feb-11
PKR1,2
00
PKR0

PKR1,1
08,800
PKR0
PKR1,1
08,800

PKR1,1
30,976
PKR0
PKR1,1
30,976

PKR1,1
53,596
PKR0
PKR1,1
53,596

PKR1,1
76,667
PKR0
PKR1,1
76,667

PKR1,2
00,201
PKR0
PKR1,2
00,201

PKR1,2
24,205
PKR0
PKR1,2
24,205

PKR1,2
48,689
PKR0
PKR1,2
48,689

PKR1,2
73,663
PKR0
PKR1,2
73,663

PKR1,2
99,136
PKR0
PKR1,2
99,136

PKR1,3
25,119
PKR0
PKR1,3
25,119

PKR1,3
51,621
PKR0
PKR1,3
51,621

PKR1,3
78,653
PKR0
PKR1,3
78,653

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Nov-10

Dec-10

Jan-11

Feb-11

Unit Sales
10 watt
Total
Sales

0% 924
0% 0
Unit
924

Unit Prices
10 watt

Sales
10 watt
Total Sales
Direct Unit
Costs
10 watt
PK
R1
PK
R0
Direct Cost
of Sales
10 watt

PKR996 PKR996 PKR996 PKR996 PKR996 PKR996 PKR996 PKR996 PKR996 PKR996 PKR996 PKR996
PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR920 PKR938 PKR957 PKR976 PKR996 PKR1,0

,304
,710
,484
,634
,167
16,090
PKR0
PKR0
PKR0
PKR0
PKR0
PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR1,0
36,412
PKR0

PKR1,0
57,140
PKR0

PKR1,0
78,283
PKR0

PKR1,0
99,848
PKR0

PKR1,1
21,845
PKR0

PKR1,1
44,282
PKR0
Page 30

Appendix
Subtotal
Direct Cost
of Sales

PKR920 PKR938 PKR957 PKR976 PKR996 PKR1,0

,304
,710
,484
,634
,167
16,090

PKR1,0
36,412

PKR1,0
57,140

PKR1,0
78,283

PKR1,0
99,848

PKR1,1
21,845

PKR1,1
44,282

Page 31

Appendix

Personnel Plan
SALES
PERSONNEL
OFFICE BOY
Total People
Total Payroll

0%
0%

Mar-09
PKR10,000

Apr-09
PKR10,000

May-09
PKR10,000

Jun-09
PKR10,000

Jul-09
PKR10,000

Aug-09
PKR10,000

Sep-09
PKR10,000

Oct-09
PKR10,000

Nov-09
PKR10,000

Dec-09
PKR10,000

Jan-10
PKR10,000

Feb-10
PKR10,000

PKR2,000
3

PKR2,000
3

PKR2,000
3

PKR2,000
3

PKR2,000
3

PKR2,000
3

PKR2,000
3

PKR2,000
3

PKR2,000
3

PKR2,000
3

PKR2,000
3

PKR2,000
3

PKR12,000

PKR12,000

PKR12,000

PKR12,000

PKR12,000

PKR12,000

PKR12,000

PKR12,000

PKR12,000

PKR12,000

PKR12,000

PKR12,000

Page 32

Appendix

Personnel 2nd Year

SALES
PERSONNEL
OFFICE BOY
Total People
Total Payroll

Mar-10
PKR11,000

Apr-10
PKR11,000

May-10
PKR11,000

Jun-10
PKR11,000

Jul-10
PKR11,000

Aug-10
PKR11,000

Sep-10
PKR11,000

Oct-10
PKR11,000

Nov-10
PKR11,000

Dec-10
PKR11,000

Jan-11
PKR11,000

Feb-11
PKR11,000

PKR2,200
3

PKR2,200
3

PKR2,200
3

PKR2,200
3

PKR2,200
3

PKR2,200
3

PKR2,200
3

PKR2,200
3

PKR2,200
3

PKR2,200
3

PKR2,200
3

PKR2,200
3

PKR13,200

PKR13,200

PKR13,200

PKR13,200

PKR13,200

PKR13,200

PKR13,200

PKR13,200

PKR13,200

PKR13,200

PKR13,200

PKR13,200

Page 33

Appendix

Pro Forma Profit and Loss

Mar-09
Sales
Direct Costs of
Goods
Other Costs of
Goods
Cost of Goods
Sold
Gross Margin
Gross Margin %

Expenses
Payroll
Marketing/Prom
otion
Depreciation
Rent
Utilities
Insurance

Jun-09

Aug09
PKR80 PKR84 PKR87
9,902
2,298
5,990
PKR67 PKR69 PKR72
2,219
9,107
7,072
PKR0 PKR0 PKR0

Sep-09

Nov09
PKR91 PKR94 PKR98
1,030
7,471
5,370
PKR75 PKR78 PKR81
6,155
6,401
7,857
PKR0 PKR0 PKR0

Dec-09

Jan-10

Feb-10

PKR720
,000
PKR597
,600
PKR0

May09
PKR74 PKR77
8,800
8,752
PKR62 PKR64
1,504
6,364
PKR0 PKR0

PKR1,0
24,785
PKR850
,571
PKR0

PKR1,0
65,776
PKR884
,594
PKR0

PKR1,1
08,407
PKR919
,978
PKR0

----------PKR597
,600

----------PKR62
1,504

----------PKR64
6,364

----------PKR67
2,219

----------PKR69
9,107

----------PKR72
7,072

----------PKR75
6,155

----------PKR78
6,401

----------PKR81
7,857

----------PKR850
,571

----------PKR884
,594

----------PKR919
,978

PKR122
,400
17.00%

PKR12
7,296
17.00
%

PKR13
2,388
17.00
%

PKR13
7,683
17.00
%

PKR14
3,191
17.00
%

PKR14
8,918
17.00
%

PKR15
4,875
17.00
%

PKR16
1,070
17.00
%

PKR16 PKR174 PKR181 PKR188

7,513
,213
,182
,429
17.00
17.00% 17.00% 17.00%
%

PKR12,
000
PKR80,
000
PKR0
PKR0

PKR12 PKR12 PKR12

,000
,000
,000
PKR0 PKR0 PKR50
,000
PKR0 PKR0 PKR0
PKR20 PKR20 PKR20
,000
,000
,000
PKR5, PKR5, PKR5,
000
000
000
PKR50 PKR50 PKR50
0
0
0

PKR5,0
00
PKR500

Apr-09

Jul-09

PKR12 PKR12 PKR12

,000
,000
,000
PKR0 PKR0 PKR40
,000
PKR0 PKR0 PKR0
PKR20 PKR20 PKR20
,000
,000
,000
PKR5, PKR5, PKR5,
000
000
000
PKR50 PKR50 PKR50
0
0
0

Oct-09

PKR12 PKR12 PKR12,

,000
,000
000
PKR0 PKR0 PKR30,
000
PKR0 PKR0 PKR0
PKR20 PKR20 PKR20,
,000
,000
000
PKR5, PKR5, PKR5,0
000
000
00
PKR50 PKR50 PKR500
0
0

PKR12,
000
PKR0

PKR12,
000
PKR0

PKR0
PKR20,
000
PKR5,0
00
PKR500

PKR0
PKR20,
000
PKR5,0
00
PKR500
Page 34

Appendix
Payroll Taxes

0 PKR0
%
Others
PKR0
----------Total Operating
PKR97,
Expenses
500

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0
----------PKR37
,500

PKR0
----------PKR37
,500

PKR0
----------PKR87
,500

PKR0
----------PKR37
,500

PKR0
----------PKR37
,500

PKR0
----------PKR77
,500

PKR0
----------PKR37
,500

PKR0
----------PKR37
,500

PKR0
----------PKR67,
500

PKR0
----------PKR37,
500

PKR0
----------PKR37,
500

Profit
Before
Interest
and
Taxes
EBITDA

PKR24,
900

PKR89 PKR94 PKR50 PKR10 PKR11

,796
,888
,183
5,691
1,418

PKR77 PKR12 PKR13 PKR106 PKR143 PKR150

,375
3,570
0,013
,713
,682
,929

PKR24,
900
PKR0
PKR747

PKR89
,796
PKR0
PKR2,
694

PKR94
,888
PKR0
PKR2,
847

PKR77
,375
PKR0
PKR2,
321

PKR24,
153
3.35%

PKR87
,102
11.63
%

PKR92 PKR48 PKR10

,041
,678
2,520
11.82
6.01% 12.17
%
%

Interest Expense
Taxes Incurred
Net Profit
Net Profit/Sales

PKR50
,183
PKR0
PKR1,
506

PKR10
5,691
PKR0
PKR3,
171

PKR11
1,418
PKR0
PKR3,
343

PKR12
3,570
PKR0
PKR3,
707

PKR10 PKR75 PKR11

8,076
,054
9,863
12.34
8.24% 12.65
%
%

PKR13
0,013
PKR0
PKR3,
900

PKR106
,713
PKR0
PKR3,2
01

PKR143
,682
PKR0
PKR4,3
10

PKR150
,929
PKR0
PKR4,5
28

PKR12 PKR103 PKR139 PKR146

6,112
,512
,371
,401
12.80
10.10% 13.08% 13.21%
%

Page 35

Appendix

Profit and Loss 2nd Year

Sales
Direct Costs
of Goods
Other Costs
of Goods
Cost
of
Goods Sold
Gross
Margin
Gross
Margin %

Utilities
Insurance

Apr-10
PKR1,1
30,976
PKR938
,710
PKR0

May-10
PKR1,1
53,596
PKR957
,484
PKR0

Jun-10
PKR1,1
76,667
PKR976
,634
PKR0

Jul-10
PKR1,2
00,201
PKR996
,167
PKR0

Aug-10
PKR1,2
24,205
PKR1,0
16,090
PKR0

Sep-10
PKR1,2
48,689
PKR1,0
36,412
PKR0

Oct-10
PKR1,2
73,663
PKR1,0
57,140
PKR0

Nov-10
PKR1,2
99,136
PKR1,0
78,283
PKR0

Dec-10
PKR1,3
25,119
PKR1,0
99,848
PKR0

Jan-11
PKR1,3
51,621
PKR1,1
21,845
PKR0

Feb-11
PKR1,3
78,653
PKR1,1
44,282
PKR0

----------PKR920
,304

----------PKR938
,710

----------PKR957
,484

----------PKR976
,634

----------PKR996
,167

----------PKR1,0
16,090

----------PKR1,0
36,412

----------PKR1,0
57,140

----------PKR1,0
78,283

----------PKR1,0
99,848

----------PKR1,1
21,845

----------PKR1,1
44,282

PKR188 PKR192 PKR196 PKR200 PKR204 PKR208 PKR212 PKR216 PKR220 PKR225 PKR229 PKR234
,496
,266
,111
,033
,034
,115
,277
,523
,853
,270
,776
,371
17.00% 17.00% 17.00% 17.00% 17.00% 17.00% 17.00% 17.00% 17.00% 17.00% 17.00% 17.00%

Expenses
Payroll
Marketing/P
romotion
Depreciatio
n
Rent

Mar-10
PKR1,1
08,800
PKR920
,304
PKR0

PK
R0
PK
R0
PK
R0
PK
R0
PK
R0

PKR13,
200
PKR0

PKR13,
200
PKR0

PKR13,
200
PKR0

PKR13,
200
PKR0

PKR0

PKR13,
200
PKR50,
000
PKR0

PKR0
PKR20,
000
PKR5,5
00
PKR1,0
00

PKR13,
200
PKR0

PKR13,
200
PKR0

PKR0

PKR13,
200
PKR50,
000
PKR0

PKR0

PKR20,
000
PKR5,5
00
PKR1,0
00

PKR20,
000
PKR5,5
00
PKR1,0
00

PKR20,
000
PKR5,5
00
PKR1,0
00

PKR13,
200
PKR0

PKR13,
200
PKR0

PKR13,
200
PKR0

PKR0

PKR13,
200
PKR40,
000
PKR0

PKR0

PKR0

PKR0

PKR0

PKR20,
000
PKR5,5
00
PKR1,0
00

PKR20,
000
PKR5,5
00
PKR1,0
00

PKR20,
000
PKR5,5
00
PKR1,0
00

PKR20,
000
PKR5,5
00
PKR1,0
00

PKR20,
000
PKR5,5
00
PKR1,0
00

PKR20,
000
PKR5,5
00
PKR1,0
00

PKR20,
000
PKR5,5
00
PKR1,0
00

PKR20,
000
PKR5,5
00
PKR1,0
00
Page 36

Appendix
Payroll
Taxes
Others

Total
Operating
Expenses
Profit
Before
Interest and
Taxes
EBITDA
Interest
Expense
Taxes
Incurred
Net Profit
Net
Profit/Sales

PK
R0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

----------PKR39,
700

----------PKR39,
700

----------PKR89,
700

----------PKR39,
700

----------PKR39,
700

----------PKR89,
700

----------PKR39,
700

----------PKR39,
700

----------PKR79,
700

----------PKR39,
700

----------PKR39,
700

----------PKR39,
700

PKR148 PKR152 PKR106 PKR160 PKR164 PKR118 PKR172 PKR176 PKR141 PKR185 PKR190 PKR194
,796
,566
,411
,333
,334
,415
,577
,823
,153
,570
,076
,671
PKR148 PKR152 PKR106 PKR160 PKR164 PKR118 PKR172 PKR176 PKR141 PKR185 PKR190 PKR194
,796
,566
,411
,333
,334
,415
,577
,823
,153
,570
,076
,671
PKR0
PKR0
PKR0
PKR0
PKR0
PKR0
PKR0
PKR0
PKR0
PKR0
PKR0
PKR0
PKR44,
639

PKR45,
770

PKR31,
923

PKR104 PKR106 PKR74,

,157
,796
488
9.39%
9.44%
6.46%

PKR48,
100

PKR49,
300

PKR35,
524

PKR112 PKR115 PKR82,

,233
,034
890
9.54%
9.58%
6.77%

PKR51,
773

PKR53,
047

PKR42,
346

PKR120 PKR123 PKR98,

,804
,776
807
9.67%
9.72%
7.61%

PKR55,
671

PKR57,
023

PKR58,
401

PKR129 PKR133 PKR136

,899
,053
,270
9.80%
9.84%
9.88%

Page 37

Appendix
Pro Forma Cash Flow

Mar-09 Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

Dec-09

Jan-10

Feb-10

PKR72
0,000
PKR72
0,000

PKR748
,800
PKR748
,800

PKR778
,752
PKR778
,752

PKR809
,902
PKR809
,902

PKR842
,298
PKR842
,298

PKR875
,990
PKR875
,990

PKR911
,030
PKR911
,030

PKR947
,471
PKR947
,471

PKR985
,370
PKR985
,370

PKR1,0
24,785
PKR1,0
24,785

PKR1,0
65,776
PKR1,0
65,776

PKR1,1
08,407
PKR1,1
08,407

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

Cash
Received
Cash from
Operations
Cash Sales
Subtotal
Cash from
Operations
Additional
Cash
Received
Sales
Tax, 0.0
VAT,
0%
HST/GST
Received
New
Current
Borrowing
New Other
Liabilities
(interestfree)
New Longterm
Liabilities
Sales
of
Other
Current
Assets
Sales
of

Page 38

Appendix
Long-term
Assets
New
Investment
Received
Subtotal
Cash
Received
Expenditure
s
Expenditure
s
from
Operations
Cash
Spending
Bill
Payments
Subtotal
Spent
on
Operations
Additional
Cash Spent
Sales
Tax,
VAT,
HST/GST
Paid Out
Principal
Repayment
of Current
Borrowing
Other
Liabilities

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR72 PKR748 PKR778 PKR809 PKR842 PKR875 PKR911 PKR947 PKR985 PKR1,0
0,000
,800
,752
,902
,298
,990
,030
,471
,370
24,785

PKR1,0
65,776

PKR1,1
08,407

Mar-09 Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

Dec-09

Jan-10

Feb-10

PKR98 PKR40,
,247
194
PKR0 PKR0

PKR40,
347
PKR0

PKR89,
006
PKR0

PKR40,
671
PKR0

PKR40,
843
PKR0

PKR79,
821
PKR0

PKR41,
207
PKR0

PKR41,
400
PKR0

PKR8,0
70,701
PKR0

PKR41,
810
PKR0

PKR42,
028
PKR0

PKR98 PKR40,
,247
194

PKR40,
347

PKR89,
006

PKR40,
671

PKR40,
843

PKR79,
821

PKR41,
207

PKR41,
400

PKR8,0
70,701

PKR41,
810

PKR42,
028

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0
Page 39

Appendix
Principal
Repayment
Long-term
Liabilities
Principal
Repayment
Purchase
Other
Current
Assets
Purchase
Long-term
Assets
Dividends
Subtotal
Cash Spent
Net
Flow

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0
PKR40,
347

PKR0
PKR89,
006

PKR0
PKR40,
671

PKR0
PKR40,
843

PKR0
PKR79,
821

PKR0
PKR41,
207

PKR0
PKR41,
400

PKR0
PKR8,0
70,701

PKR0
PKR41,
810

PKR0
PKR42,
028

PKR62 PKR708 PKR738 PKR720 PKR801 PKR835 PKR831 PKR906 PKR943 1,753
,606
,405
,897
,627
,148
,208
,264
,969
PKR7,0
45,917
PKR82 PKR1,5 PKR2,2 PKR2,9 PKR3,7 PKR4,6 PKR5,4 PKR6,3 PKR7,3 PKR261
1,753
30,359
68,764
89,661
91,289
26,436
57,644
63,908
07,878
,961

PKR1,0
23,965

PKR1,0
66,379

PKR1,2
85,926

PKR2,3
52,305

PKR0 PKR0
PKR98 PKR40,
,247
194

Cash

Cash
Balance

Cash Flow 2nd Year

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Nov-10

Dec-10

Jan-11

Feb-11

PKR1,108,800
PKR1,108,800

PKR1,130,976
PKR1,130,976

PKR1,153,596
PKR1,153,596

PKR1,176,667
PKR1,176,667

PKR1,200,201
PKR1,200,201

PKR1,224,205
PKR1,224,205

PKR1,248,689
PKR1,248,689

PKR1,273,663
PKR1,273,663

PKR1,299,136
PKR1,299,136

PKR1,325,119
PKR1,325,119

PKR1,351,621
PKR1,351,621

PKR1,378,653
PKR1,378,653

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

Cash Received
Cash from Operations
Cash Sales
Subtotal Cash from
Operations
Additional
Cash
Received
Sales
Tax,
VAT,
HST/GST Received
New
Current
Borrowing
New Other Liabilities
(interest-free)
New
Long-term
Liabilities
Sales of Other Current
Assets

Page 40

Appendix
Sales of Long-term
Assets
New
Investment
Received
Subtotal
Cash
Received

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR1,108,800

PKR1,130,976

PKR1,153,596

PKR1,176,667

PKR1,200,201

PKR1,224,205

PKR1,248,689

PKR1,273,663

PKR1,299,136

PKR1,325,119

PKR1,351,621

PKR1,378,653

Expenditures

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Nov-10

Dec-10

Jan-11

Feb-11

PKR84,339
PKR0
PKR84,339

PKR85,470
PKR0
PKR85,470

PKR121,623
PKR0
PKR121,623

PKR87,800
PKR0
PKR87,800

PKR89,000
PKR0
PKR89,000

PKR125,224
PKR0
PKR125,224

PKR8,091,473
PKR0
PKR8,091,473

PKR92,747
PKR0
PKR92,747

PKR122,046
PKR0
PKR122,046

PKR95,371
PKR0
PKR95,371

PKR96,723
PKR0
PKR96,723

PKR98,101
PKR0
PKR98,101

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0
PKR84,339

PKR0
PKR85,470

PKR0
PKR121,623

PKR0
PKR87,800

PKR0
PKR89,000

PKR0
PKR125,224

PKR0
PKR8,091,473

PKR0
PKR92,747

PKR0
PKR122,046

PKR0
PKR95,371

PKR0
PKR96,723

PKR0
PKR98,101

PKR1,024,461
PKR3,376,766

PKR1,045,506
PKR4,422,273

PKR1,031,972
PKR5,454,245

PKR1,088,867
PKR6,543,112

PKR1,111,201
PKR7,654,313

PKR1,098,980
PKR8,753,293

-PKR6,842,784
PKR1,910,509

PKR1,180,916
PKR3,091,425

PKR1,177,090
PKR4,268,515

PKR1,229,748
PKR5,498,262

PKR1,254,898
PKR6,753,161

PKR1,280,552
PKR8,033,713

Expenditures
from
Operations
Cash Spending
Bill Payments
Subtotal Spent on
Operations
Additional Cash Spent
Sales
Tax,
VAT,
HST/GST Paid Out
Principal Repayment
of Current Borrowing
Other
Liabilities
Principal Repayment
Long-term Liabilities
Principal Repayment
Purchase
Other
Current Assets
Purchase Long-term
Assets
Dividends
Subtotal Cash Spent
Net Cash Flow
Cash Balance

Pro Forma Balance Sheet

Assets

Curren
t Assets
Cash

Mar-09

Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

Dec-09

Jan-10

Feb-10

PKR821
,753
PKR7,4
02,400

PKR1,5
30,359
PKR6,7
80,896

PKR2,2
68,764
PKR6,1
34,532

PKR2,9
89,661
PKR5,4
62,313

PKR3,7
91,289
PKR4,7
63,206

PKR4,6
26,436
PKR4,0
36,134

PKR5,4
57,644
PKR3,2
79,979

PKR6,3
63,908
PKR2,4
93,578

PKR7,3
07,878
PKR1,6
75,722

PKR261
,961
PKR8,8
25,150

PKR1,2
85,926
PKR7,9
40,556

PKR2,3
52,305
PKR7,0
20,579

Starting
Balance
s

PKR200
,000
Invento PKR8,0
ry
00,000

Page 41

Appendix
Other
Curren
t Assets
Total
Curren
t Assets
Longterm
Assets
Longterm
Assets
Accum
ulated
Deprec
iation
Total
Longterm
Assets
Total
Assets

PKR60,
000

PKR60,
000

PKR60,
000

PKR60,
000

PKR60,
000

PKR60,
000

PKR60,
000

PKR60,
000

PKR60,
000

PKR60,
000

PKR60,
000

PKR60,
000

PKR60,
000

PKR8,2
60,000

PKR8,2
84,153

PKR8,3
71,255

PKR8,4
63,296

PKR8,5
11,974

PKR8,6
14,494

PKR8,7
22,570

PKR8,7
97,624

PKR8,9
17,487

PKR9,0
43,599

PKR9,1
47,111

PKR9,2
86,483

PKR9,4
32,884

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR8,2
60,000

PKR8,2
84,153

PKR8,3
71,255

PKR8,4
63,296

PKR8,5
11,974

PKR8,6
14,494

PKR8,7
22,570

PKR8,7
97,624

PKR8,9
17,487

PKR9,0
43,599

PKR9,1
47,111

PKR9,2
86,483

PKR9,4
32,884

Mar-09

Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

Dec-09

Jan-10

Feb-10

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

Liabilit
ies and
Capital
Curren
t
Liabilit
ies
Accoun PKR0
ts
Payabl

Page 42

Appendix
e
Curren PKR0
t
Borrow
ing
Other
PKR0
Curren
t
Liabilit
ies
Subtot PKR0
al
Curren
t
Liabilit
ies

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

Longterm
Liabilit
ies
Total
Liabilit
ies

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

Paid-in
Capital
Retaine
d
Earnin
gs
Earnin
gs
Total
Capital

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR8,3
61,000
PKR101
,000

PKR0

PKR24,
153
PKR8,2
84,153

PKR111
,255
PKR8,3
71,255

PKR203
,296
PKR8,4
63,296

PKR251
,974
PKR8,5
11,974

PKR354
,494
PKR8,6
14,494

PKR462
,570
PKR8,7
22,570

PKR537
,624
PKR8,7
97,624

PKR657
,487
PKR8,9
17,487

PKR783
,599
PKR9,0
43,599

PKR887
,111
PKR9,1
47,111

PKR1,0
26,483
PKR9,2
86,483

PKR1,1
72,884
PKR9,4
32,884

PKR8,2
60,000

Page 43

Appendix
Total
PKR8,2
Liabilit 60,000
ies and
Capital

PKR8,2
84,153

PKR8,3
71,255

PKR8,4
63,296

PKR8,5
11,974

PKR8,6
14,494

PKR8,7
22,570

PKR8,7
97,624

PKR8,9
17,487

PKR9,0
43,599

PKR9,1
47,111

PKR9,2
86,483

PKR9,4
32,884

Net
Worth

PKR8,2
84,153

PKR8,3
71,255

PKR8,4
63,296

PKR8,5
11,974

PKR8,6
14,494

PKR8,7
22,570

PKR8,7
97,624

PKR8,9
17,487

PKR9,0
43,599

PKR9,1
47,111

PKR9,2
86,483

PKR9,4
32,884

PKR8,2
60,000

Balance Sheet 2nd Year

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Nov-10

Dec-10

Jan-11

Feb-11

PKR3,376,766
PKR6,100,275
PKR60,000

PKR4,422,273
PKR5,161,565
PKR60,000

PKR5,454,245
PKR4,204,080
PKR60,000

PKR6,543,112
PKR3,227,446
PKR60,000

PKR7,654,313
PKR2,231,280
PKR60,000

PKR8,753,293
PKR1,215,190
PKR60,000

PKR1,910,509
PKR8,178,778
PKR60,000

PKR3,091,425
PKR7,121,638
PKR60,000

PKR4,268,515
PKR6,043,355
PKR60,000

PKR5,498,262
PKR4,943,507
PKR60,000

PKR6,753,161
PKR3,821,661
PKR60,000

PKR8,033,713
PKR2,677,379
PKR60,000

PKR9,537,041

PKR9,643,837

PKR9,718,325

PKR9,830,558

PKR9,945,592

PKR10,028,483

PKR10,149,287

PKR10,273,063

PKR10,371,870

PKR10,501,769

PKR10,634,822

PKR10,771,092

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR9,537,041

PKR9,643,837

PKR9,718,325

PKR9,830,558

PKR9,945,592

PKR10,028,483

PKR10,149,287

PKR10,273,063

PKR10,371,870

PKR10,501,769

PKR10,634,822

PKR10,771,092

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Nov-10

Dec-10

Jan-11

Feb-11

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0
PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

Long-term
Liabilities
Total Liabilities

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

PKR0

Paid-in Capital
Retained
Earnings
Earnings
Total Capital
Total Liabilities
and Capital

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR8,361,000
PKR1,071,884

PKR104,157
PKR9,537,041
PKR9,537,041

PKR210,953
PKR9,643,837
PKR9,643,837

PKR285,441
PKR9,718,325
PKR9,718,325

PKR397,675
PKR9,830,558
PKR9,830,558

PKR512,709
PKR9,945,592
PKR9,945,592

PKR595,599
PKR10,028,483
PKR10,028,483

PKR716,403
PKR10,149,287
PKR10,149,287

PKR840,179
PKR10,273,063
PKR10,273,063

PKR938,986
PKR10,371,870
PKR10,371,870

PKR1,068,885
PKR10,501,769
PKR10,501,769

PKR1,201,938
PKR10,634,822
PKR10,634,822

PKR1,338,208
PKR10,771,092
PKR10,771,092

Net Worth

PKR9,537,041

PKR9,643,837

PKR9,718,325

PKR9,830,558

PKR9,945,592

PKR10,028,483

PKR10,149,287

PKR10,273,063

PKR10,371,870

PKR10,501,769

PKR10,634,822

PKR10,771,092

Assets
Current Assets
Cash
Inventory
Other
Current
Assets
Total
Current
Assets
Long-term Assets
Long-term Assets
Accumulated
Depreciation
Total Long-term
Assets
Total Assets
Liabilities
Capital

and

Current
Liabilities
Accounts Payable
Current
Borrowing
Other
Current
Liabilities
Subtotal Current
Liabilities

Page 44

Appendix

Page 45