Business Plan Composite Materials Corporation

Submitted to: Mehreen Shah Group Members: Saad Karim Bakir Zadi Ahmad Wajahat Asif Anwar Favad Khan Naveed Zia Sajid Nawaz Ghauri Sami Ullah Aslam Syed Haider Imam Umer Sharaq Usman

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Table of Contents

Executive Summary................................................................................................ 3 The Company ............................................................ Error! Bookmark not defined. The Market ............................................................................................................ 9 The Product & Services ............................................. Error! Bookmark not defined. Operating Plan ............................................................................ Error! Bookmark not defined. Sales & Promotion
............................................................................................................................ 18

Finances ............................................................................................................... 20 Appendix.............................................................................................................. 32

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Executive Summary Our company named as Composite Materials Corporation is about the road building material and basically we are providing with the new idea in the road construction industry. Our basic concept is to reduce the cost of road building material so that it would be possible to build a road in a lesser budget than ever. Our mission statement includes We believe in ideas and innovations that can facilitate our customers in the best possible way. We incorporate actions to our thoughts and make them possible without compromising on Environmental factors Our product is the mixture provided by our production team that will actually make the exact calculation and will help our potential customers to make that mixture of bitumen and plastic waste. We collect the plastic waste from the vendors who collect the waste segregate them and sale them. Our primary interest products of waste are plastic bags, cups and thermocole. Our expertise are like when granite is heated rather than adding a bitumen we introduce plastic wastes and those wastes will impart softness and also will reduce the amount of Bitumen used in the entire project. The waste added increases the softness of the road building material at the time when granite comes in contact with bitumen and also reduces the quantity of bitumen required for the road. Our business management team looks after the whole business scenario and tries to get engaged with the maximum number of customers by following the information of this concept. Our potential customers are Government and all those private firms which are being involved in the road construction business. As Pakistan is under developed country so still there is a huge part of country that has to be explored as a business point of view especially for the road building project. We are specifically targeting the rural areas because there are large number of projects who are about to be executed in road construction industry.

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Our sales and marketing team looks after all the potential customers and is working division vise to get a maximum feed back in case of any execution of the project. Recently we have no threat from any of the competitors as this idea is being introduced first time on the commercial scale and still people are unaware of this business. We also have done few financial projections so that we may meet our expenses in the allocated amount of money for this particular business. We have investment of 11 Lac with us and following is the estimated calculation for new business plan.

(i) Collection of littered plastics (ii) Cost of shredder and other equipment (iii) Laying of road with material, labour etc. Total

: Rs. 0.96 lac : Rs. 0.95 lac :Rs. 7.7 lac : Rs.9.61 lac

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The Company

Composite Materials is an entrepreneur in sense that providing economical road construction material thus reducing the overall cost of construction. This helps in serving nation to increase the road network throughout the country especially in urban areas and also helps country in fighting against pollution caused by plastic wastes by reusing it in construction. Company consist of highly educated engineers with diversified experience in their fields which help in managing different fields like R&D, Marketing, Project Management etc . Saad Karim Leghari. Company Vision: To be the leading provider of road construction material by consistently developing & adopting innovative ideas that improves the quality of our product and adds value for clients & Society through innovation and reduces the cost of road construction material. Company Mission: It is the Mission of Pakistan Road Construction Services to provide clients with economical road construction material by reusing the plastic waste. Thus help nation to reduce wastage and protect environment through consistent Research and Development. Reuse of Plastic Polymer blended Bitumen shows higher Softening point, lower penetration point, and better ductility. Polymer coated aggregate blended with Bitumen shows higher Marshall value and better stripping value showing that the mix is more suited for road laying.
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 Social Values Social responsibility is about giving something back, and we do this with every project we take on. We provide our customers with economical road construction material thus reducing overall cost. It is important for us to be the part of social welfare like road reconstruction in flood affecting areas with low cost. Company Norms Innovation, speed & execution We at PRCS have always placed great emphasis on new ideas that help nation overall.

Management Plan Composite Materials is partnership based company having twelve partners. This company is a partnership of novice but highly motivated entrepreneurs. The CEO of the company is Mr. Saad Lagari, who had been working as team Lead for a multinational firm previously and has vision and motivation to make this company a success. Initially all the administrative, HR, Marketing and Financial work will be managed by the partners themselves and no external hiring will be done for the management posts. Minimum labor will be hired on permanent basis and company will more rely on labor on daily basis as per the work load requirements. Major emphasize will be on the Marketing and that is why the company will be having one Marketing Manager and four Sales Executives who will be having regional distribution. The Marketing Manager will be Mr. Sajid, who has
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engineering and marketing background and will be able to emphasis in a better way the technical aspects and superiority of our composite product to customers. As, we will initially be concentrating in central Punjab, so the four Sales Executives with their respective regions will be: Mr. Baqar: looking after prospective clients in Lahore Mr. Umer: looking after prospective clients in area north of Lahore till Jhelum River Mr. Ahmad: looking after prospective clients in area to the west of Lahore till Punjab and NWFP border Mr. Sami Ullah: looking after prospective clients in area below south of Lahore till Sahiwal Marketing will be more emphasized and Sales Executives will be visiting the clients personally. To look after the financial aspects there will be one Finance Manager Mr. Naveed who will be dealing with all the project finance related activities, salaries and wages. There will be two Production Assistant Managers (Mr. Asif and Usman) who will make sure and supervise the timely delivery and quality of work and material. They will be reporting to a Production Manager, who is Mr. Fawad. Administrative work will be managed by one Manager, Mr. Haider. Other than the department heads the company will be having very few permanent employees as the company is project based and depending on number of clients to be entertained employees will be hired, which will majorly be labors.
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The other permanent employees will include two guards on shift basis and will be living in office premises. Rest labor will be hired on daily basis.

CEO

Marketing Manager

Finance Manager

Production Manager Assistant Production Manager Assistant Production Manager

Admin Manager

Sales Executive

Sales Executive

Sales Executive

Sales Executive

Hierarchy of Composite Materials

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The Market

There is huge potential market demand for our product. Road infrastructure is always in phase of repair and extensions. With the increase of population, the construction of new residential societies has also increased which also proportionately increase the new roads being constructed. With the recent flood in Pakistan the road infrastructure has been badly hit and major road network have been affected, so due to our superior composite material for road laying highly resistive to water we will be having more demand and we seek bright prospects for the company.

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The Product & services

Product Concept and History Plastic waste has been the worry of environmentalists everywhere and a source of grave concern. In a time when most companies shirk away from their responsibilities and award themselves fat bonuses at the expense of the public & Environment

The amount of Plastic consumed is measured in per capita units .The per capita consumption of plastic in Pakistan is 3.1 kilograms, while this is 3.3 kg in India and 7 kg in China. The highest per capita consumption of plastic is in United States and Germany, where per capita consumption is 120 kg per annum. There are some 6,000 plastic manufacturers in the Pakistan and 600,000 people are directly and indirectly engaged with this business. The country imports 90 percent raw material for plastic making from different countries, and at present there is only one company producing raw material for the industry. Engro Asahi is producing 100,000 tones raw material. From the total amount of waste generated plastic consists of more then 60% which is likely to increase as more and more plastic products are introduced and due to lesser cost of production and more strength the potential for growth is very high.

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Global Per capita consumption of Plastics is (in Kgs)

World Average North America West Europe East Europe China India South East Asia L. America

26 90 65 10 12 5.0 10 18

All the above growth and production creates a bigger concern for all of us as the plastic Biodegradability is very high and it is here to stay with all of us for many years to come, an estimated statement regarding biodegradation is An average time for a plastic bottle to biodegrade fully is approximately 4501000 years. However, there are many different kinds of plastic in the world, most commonly the hard and reusable ones, which take a longer time, and the soft and non-reusable ones, which take a shorter time. Time also varies with the size of the bottle. This problem creates greater challenges for all of us and for the coming generation as there are not enough landfill sites left in the world for dumping purposes so an alternate solution must be found to deal with this friend and foe. Plastic itself is defines as A plastic is a type of synthetic or man-made polymer; similar in many ways to natural resins found in trees and other plants.

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Basic raw material for plastic are derived from crude oil. These crude oil fractions are separated out from refineries and these are sent to various industries for further manufacturing of different products .After there consumption the best thing which comes under mind to take care of plastic is recycling and in recycling the modern demand requires its recycling with minimum cost and for max time. Various uses of plastic products are being tested around the world. Of late, experts have witnessed that blending plastic waste with bitumen in laying tarmac could enhance road durability, drastically reduce maintenance costs.

Bitumen Bitumen is a mixture of organic liquids that are highly viscous, black, sticky, Naturally occurring or crude bitumen is a sticky, tar-like form of petroleum that is so thick and heavy that it must be heated or diluted before it will flow. At room temperature, it has a consistency much like cold molasses.[1] Refined bitumen is the residual (bottom) fraction obtained by fractional distillation of crude oil. It is the heaviest fraction and the one with the highest boiling point.

Natural bitumen

Refined bitumen

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Product Concept When plastic was first discovered, it was considered to be a revolution in the worlds industries. It was extremely durable, light weight, water and chemicalresistant, insulator and versatile. It could be molded into almost any shape. Its properties could be modified to satisfy particular technical needs. Deemed as a boon for the packaging industry, it was readily adopted. However, the very same qualities of plastic have now become a menace for this planet. Due to the ability of plastic to withstand extreme physical conditions, it is non-biodegradable. This means that it cannot be broken down into simpler substances by microbial action. Hence, a plastic bag once manufactured, will not decompose and stay in the environment for years together, doing it great harm. They cause both environmental and aesthetical damage to our surroundings. A large number of fish, marine birds and animals like cattle and turtles are choked to death everyday by swallowing plastic bags. As many as 1000 plastic pieces have been found inside dead animals. The concept of the product is to integrate the plastic waste collected (All sort of plastics) with Bitumen to form layers of road. Plastic properties are integrated to the roads helps in lesser cracks and potholes which develop on roads and recycling of plastic waste can reduce the amount of hazardous non-biodegradable materials in the environment. The trials show that the roads had 84 percent, 57 percent and 15 percent less cracks and depressions than conventionally constructed roads. Highly volatile and low quality bitumen, thin layer of surfacing, moisture pollution and soft brick aggregates make roads vulnerable and modified bitumen can bind the layers better. Materials used in the upper two layers. The thin bituminous surface cannot deal with the traffic load and the weather. Bitumen and plastic originate from petroleum and are thermoplastic in nature. Plastic waste can be used instead of virgin plastic, which is costly. Performance of a test result in India shows that the life of roads was doubled and the roads became more resistant to water damages when they were constructed by mixing plastic waste with bitumen. The technology was successfully implemented in Canada, Brazil, and the Indian cities. In the beginning a blend ratio of 20% plastic to 80% bitumen will be introduced which makes the over all price of road making 10% less .With the passage of time
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the amount of blend will increase slowly to 50% which reduces the overall price of maintenance and laying .

Salient feature of the process Characteristics of the process are: Easy process without any new machinery Simple process without any industry involvement In situ process Use of lesser percentage of bitumen and thus savings on bitumen resource Use of plastics waste for a safe and eco-friendly process Both Mini Hot Mix Plant and Central Mixing Plant can be used Only aggregate is polymer coated and bitumen is not modified Use 60/70 and 80/100 bitumen is possible No evolution of any toxic gases like dioxin

Advantages of Plastic Tar Road A well constructed Plastic Tar Road will result in the following advantages. Strength of the road increased (Increased Marshall Stability Value) Better resistance to water and water stagnation No stripping and have no potholes. Increased binding and better bonding of the mix. Increased load withstanding property( Withstanding increased load transport) Overall consumption of bitumen decreases. Reduction in pores in aggregate and hence less rutting and raveling. Better soundness property. Maintenance cost of the road is almost nil. The Road life period is substantially increased. No leaching of plastics.

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 No effect of radiation like UV. Evidence of Better Performance of the Plastic Tar Roads The performance studies carried out on the roads constructed indicated satisfactory performance with good skid resistance, good texture value, stronger and less amount of progressive unevenness over a period of time. It also indicated better stability value, indicating higher strength, less flow and more air voids.

Economic considerations It has been found that modification of bitumen with shredded waste plastic marginally increases the cost However this marginal increase in the cost is compensated by increase in the volume of the total mix, thereby resulting in less overall bitumen content, better performance and environmental conservation with usage of waste plastic.

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Operating Plan Physical Location: We intend to build our production facility and warehouse at Thokar Niaz Baig. Reason for choosing this location is mainly because we want to facilitate our customers. In this way customer can easily access us through motorway if he wants to take product out of the city and this location can be easily accessed by all our potential clients from the main city as well. Equipments: 1. Plastic Shredder 100 HP hydraulic unit Opening: 52" x 32" hydraulic hose, starter control, panel stand shaft diameter - about 6" 2. 4.35 mm Sieve 3. Mini Hot Mix Plant Length 6600mm Width 3800mm Height with chimney 3500mm Diameter of Dyer Drum 750mm Length of Dyer Drum 2250mm Size of aggregate to be used up to 25mm (Normal) / up to 45mm (By changing Pugmill Blades) Prime Mover Kirloskar RB-33, 38 HP Water Cooled Diesel Engine Tyres Front: 750 x 16, Rear: 900 x 20 / 825 x 20 Bitumen Boiler Special Requirements: 1. Plastic Shredder Operator 2. Mini Hot Mix Plant Operator 3. Dumper + Driver (rental) Materials:
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1. Plastic bags, bottles etc will be purchased from waste disposal companies such as waste busters and individual garbage collectors who can deliver plastic waste at our facility. 2. Bitumen will be purchased form bitumen wholesalers.

Inventory: We will use batch production techniques to manufacture our product. We cannot choose continuous production because of inconsistent demand of customers. Finished product will be stored in mild steel ribbed drums. Shelf life for this product is approx. 2 years. Production:

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Sales & Promotion Marketing Objective: Convince our customers that our product is environment friendly. Our product shows superior performance indicators as compared to traditional bitumen used for making roads.

Marketing Strategy: Innovation strategies: Since we have developed a new product, we will be the pioneers in development and marketing of this new product and we intend to defend our position against any other competitors. Market Dominance Strategy: We are challengers in this product category because we are challenging an already established product, that is, bitumen. But we have a competitive advantage here. Bitumen is sold on generic basis, so there is neither differentiation in this product category nor any established brand names. We will differentiate our product from regular bitumen available in market (i.e an environment friendly product and performance indicators) and also sell it under brand name Recycled Composite. Porter Generic Strategy: This strategy is based on the dimensions of strategic scope and strategic strength. Strategic scope refers to the market penetration while strategic strength refers to the firms sustainable competitive advantage. The generic strategy framework (porter 1984) comprises two alternatives each with two alternative scopes. These are Differentiation and low-cost leadership each with a dimension of Focus-broad or narrow.

Product differentiation (broad)

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Cost leadership (narrow) Market segmentation (broad)

Target Market: Our target market is businesses. We are targeting to sell our product directly to road construction firms such as Frontier Works Organization (FWO), National Logistics Company (NLC), Husnain Construction Company, Habib Rafique & Sons. Our reason for directly targeting these firms is because we want to reduce number of marketing intermediaries such as wholesalers and retailers who drive up the selling costs and hence reduce profit margins.

Marketing Mix: Product: We intend to sell high quality bitumen to construction industries specializing in roads. We intend to position this product as a better, environment friendly product. It is better in performance specifications as compared to regular bitumen. Branding: Our product is a convenience product because when businesses need bitumen, they simply go to a bitumen supplier and purchase it. There are no brand names in this category and it is as if people buy it out of habit. We will be the first ones to introduce a branded product in this category. We hope to achieve a higher name recognition and loyalty by doing this. Packaging: Our product will be available in standard size (160ltrs-42gallons) mild steel, ribbed drums. The drums will have company name and insignia on it, as well as company address, helpline number and product composition. Price:

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Our pricing objective is to penetrate existing market. To achieve this end we will use going-rate pricing strategy. This method involves setting prices equal to or a certain percentage above or below competitors prices. This strategy is well suited to our pricing objective because of following reasons: The industry structure is oligopolistic because bitumen is mainly provided by a few suppliers only (Attock Oil Refinery, Indus Refinery, Khalifa Refinery, Pak-Arb Refinery, Pakistan Refinery, Trans Asia Refinery) In case of growth, excess production capacity so that added cost of more production is low. The relative production, selling and administrative costs of competitors is higher than ours because of more market intermediaries (wholesalers, retailers e.t.c) Customer perception of our product may be better because of green marketing Placement / Distribution: In the initial phase we will only offer our customers to pick up the purchased product from our warehouse only. In second phase we will consider which channels are available to us for distribution of our product. We will perform revenue-cost analysis to evaluate various distribution channels and also evaluate time horizons for development of these channels. In third phase we will select channel participants such as any intermediaries, if needed. This phase will be dependent on how much market do we need to cover in terms of availability of our product.

Promotion: Advertising: We will send our company brochures to the customers office directly. These brochures will contain information such as company info, its operations, its quality objectives, our rates and market rate comparison etc.
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Personal Selling: We will send trained sales personnel to our customers offices and following will be part of their job description: Locating prospective clients Making calls / appointments Sales presentation Interacting with customers / overcoming objections Closing Sales

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Finances Financial Analysis

Add: Civil Works (Roads, Paths, Sewerage etc.) Architect Professional Fees ( 3 % of Cost ) Contingency Provision ( 10 % ) Total Value of Building Explanatory Notes - Machinery a) Imported Machinery Purchase Value ( CIF ) Installation Charges ( 35 % ) Total Value of Imported Machinery b) Local Machinery Purchase Value Installation Charges ( 25 % ) Total Value of Local Machinery 90,000 9,000 99,000 400,000 80,000 480,000

Value of Imported and Local Machinery ( a + b ) Contingency Charges ( 10 %)

579,000 57,900

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Total value of Machinery Other Fixed Assets

636,900

Furniture & Fixture Vehicle Pre - Operating Exp.

50,000 30,000 50,000 130,000

Fixed Assets Land Building Machinery Other Assets 636,900 130,000 766,900 -

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Production Analysis
Year Of Operation 1st Month 2nd Month 3rd Month 4th Month 5th Month

Production Capacity Attained Capacity

300.00 60%

500.00 70%

550.00 72%

600.00 78%

700.00 80%

Road Tender

200.00

250.00

300.00

250.00

350.00

Total Work-In-Process Less: Work-In-Process Closing Balance Quantity Produced/Finished Good Add: Finished Good Opening Balance Quantity Available For Sale

200.00 3.33 196.67

250.00 4.17 245.83

300.00 5.00 295.00

250.00 4.17 245.83

350.00 5.83 344.17

196.67

245.83

295.00

245.83

344.17

Road Build Unit Price / meter

196.67 18,000.00 3,540,006.0 0 Rs

245.83 19,800.00 4,867,493.4 0

295.00 20,790.00

245.83 21,829.50

344.17 22,920.98

Sale Revenue

6,133,050.00

5,366,411.47

7,888,643.20

Crush Bitumen Plastic

131.00 7,400.00 3,000.00 for 1 Meter Rs / day

393.00 7,400.00 3,000.00 10,793.00

77,290.13 1,455,335.80 590,001.00 2,122,626.93

Static Roller Pneumatic Roller Paver for 10 ft wide road Dumper Loader

1,200.00 1,300.00 4,000.00 2,000.00

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3,000.00 11,500.00 Total Variable Cost for unit cubic meter

22,293.00

Cost of Goods Sold

200.00 60% 120.00 222,000.00

300.00 70% 210.00 266,400.00

450.00 72% 324.00 319,680.00

500.00 78% 390.00 383,616.00

500.00 80% 400.00 460,339.20

24,293.00 2,122,626.9 3 7,169.00 -

26,082.65 2,441,020.9 7 14,338.00 77,195.00

28,019.28 2,807,174.1 2 21,507.00 77,195.00

30,116.00 3,228,250.2 3 28,676.00 77,195.00

32,387.12 3,712,487.7 7 35,845.00 2.77 26.71

Material Cost Repair & Maintenance

Depreciation

77,195.00

Total Factory Over Head

2,231,283.9 3

2,558,636.6 2

2,933,895.4 0

3,364,237.2 3

3,780,749.3 7

Cost Incurred During The month

2,453,403.9 3

2,825,246.6 2

3,253,899.4 0

3,748,243.2 3

4,241,488.5 7

Total Work In Process

2,453,403.9 3

2,825,246.6 2

3,253,899.4 0

3,748,243.2 3

4,241,488.5 7

Quantity Produced/ Finished Goods

2,453,403.9 3

2,825,246.6 2

3,253,899.4 0

3,748,243.2 3

4,241,488.5 7

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Quantity Available For Sale

2,453,403.9 3

2,825,246.6 2

3,253,899.4 0

3,748,243.2 3

4,241,488.5 7

Cost Of Goods Sold

2,453,403.9 3 575.49 2,452,828.4 4

2,825,246.6 2 658.80 2,824,587.8 2

3,253,899.4 0 705.94 3,253,193.4 6

3,748,243.2 3 816.52 3,747,426.7 1

4,241,488.5 7 867.27 4,240,621.3 0

Fixed Cost Variable Cost

1st Year 11,500 12,793 24,293

2nd Year 12,650 13,433 26,083

3rd Year 13,915 14,104 28,019

4th Year 15,307 14,809 30,116

5th Year 16,837 15,550 32,387

Working Capital
Current Assets Raw Material Work In Process Finished Goods Store, Spare & Consumables Account Receivables (Debtors) Tied Up Period 45 Days 5 Days 15 Days 60 DAYS 90 Days 1st Month 18 424,525 872,878 488,204 1,200,204 2nd Month 32 561,435 1,512,259 3rd Month 49 645,650 1,323,225 4th Month 59 742,498 1,945,145 5th Month 60 -

1,297,422

1,688,440 391,018

2,073,742 385,303

1,968,933 (104,809)

2,687,703 718,770

Account Payables

256,000 Value Of Assets -

307,200 Value Of Assets 35

368,640 Value Of Assets 35

442,368 Value Of Assets 35

530,842 Value Of Assets 35

Total Fixed Assets Land

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Building Plant & Machinery Furniture & Fixture Vehicle Per-operating Expenses 636,900 50,000 30,000 50,000 766,900

45 668,745 52,500 31,500 52,500 805,325

45 702,182 55,125 33,075 55,125 845,587

45 737,291 57,881 34,729 57,881 887,862

45 774,156 60,775 36,465 60,775 932,251

Total Value Of Assets

2,064,322

2,493,764

2,919,329

2,856,796

3,619,954

Liabilities
Sponsors Contribution Bridge Finance* Long Term Loan Short Term Running Finance 2,064,322 2,493,764 2,919,329 2,856,796 3,619,954 -

Total Liabilities Total Assets Difference

2,064,322 2,064,322 -

Income Statement

Description

1st Month

2nd Month

3rd Month

4th Month

5th Month

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Sale Revenue

3,540,006.00 (2,453,403.93 )

4,867,493.40 (2,825,246.6 2)

6,133,050.00 (3,253,899.4 0)

5,366,411.47 (3,748,243.2 3)

7,888,643.20 (4,241,488.5 7)

Less :Cost Of Good Sold

Gross Profit Selling, Administration & General Expenses

1,086,602.07 177,000.30

2,042,246.78 340,724.54

2,879,150.60 613,305.00

1,618,168.24 536,641.15

3,647,154.63 788,864.32

Operating Profit Profit Before Workers Participation Fund

909,601.77 909,601.77

1,701,522.24 1,701,522.24

2,265,845.59 2,265,845.59

1,081,527.10 1,081,526.72

2,858,290.40 2,858,290.44

Worker Participation Fund @ 5% Profit After Workers Participation Fund

45,480.09

85,076.11

113,292.28

54,076.34

142,914.52

864,121.68

1,616,446.13

2,152,553.31

1,027,450.38

2,715,375.91

Income Tax @ 35%

302,442.59

565,756.15

753,393.66

359,607.63

950,381.57

After Tax Profit Appropriation Dividend Retained Earning Total Appropriation Grand Total (Difference)

561,679.09

1,050,689.98

1,399,159.65

667,842.75

1,764,994.34

722,512.55 (160,833.46) 561,679.09 -

722,512.55 328,177.43 1,050,689.98 -

722,512.55 676,647.10 1,399,159.65 -

722,512.55 (54,669.80) 667,842.75 -

722,512.55 1,042,481.79 1,764,994.34 -

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Balance Sheet

Year Of Operation Assets Current Assets

Constructio n Year

1st Month

2nd Month

3rd Month

4th Month

5th Month

Cash & Bank Balance Inventories Raw Material Store & Spares

1,297,421.5 8

638,874.09

653,228.54

1,021,767.8 8

1,871,707.5 7

2,195,446.5 4

18.00 424,525.39

31.50 488,204.19 1,200,203.8 5 2,341,668.0 8 845,587.00 (179,380.00 )

48.60 561,434.82 1,512,258.9 0 3,095,510.2 0 887,862.37 (269,070.00 )

58.50 645,650.05 1,323,224.7 5 3,840,640.8 6 932,251.50 (358,760.00 )

60.00 742,497.55 1,945,144.9 0 4,883,148.9 9 332.00 (435,950.00 ) (435,618.00 ) 4,447,531.0 0

Account Receivable 1,297,421.5 8 766,900.00

872,878.19 1,936,295.6 7 805,324.75

Total Current Assets Fixed Assets At Cost Less: Accumulated Depreciation

(77,195.00)

Net Fixed Assets

766,900.00 2,064,321.5 8

728,129.75 2,664,425.4 2

666,207.00 3,007,875.0 9

618,792.37 3,714,302.5 7

573,491.50 4,414,132.3 6

Total Assets Liabilities & Equity Current Liabilities Account Payables

256,000.00 722,512.55

307,200.00 722,512.55

368,640.00 722,512.55

442,368.00 722,512.55

530,841.60 722,512.55

Others 1,029,712.5 5 1,091,152.5 5 1,164,880.5 5 1,253,354.1 5

Total Liabilities Long Term Liabilities Equity 2,064,321.5 8

978,512.55

Paid Up Capital

2,064,321.5 8

2,064,321.5 8

2,064,321.5 8

2,064,321.5 8

2,064,321.5 8

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Retained Earnings

2,064,321.5 8 2,064,321.5 8

(160,833.46 ) 1,903,488.1 2 2,882,000.6 7

167,343.97 2,231,665.5 5 3,261,378.0 9

843,991.07 2,908,312.6 5 3,999,465.2 1

789,321.27 2,853,642.8 5 4,018,603.4 5

1,831,803.0 6 3,896,124.6 4 5,149,518.6 3

Total Equity

Total Liabilities

Cash Flow Statement

Description Sources

Construction Year

1st Month

2nd Month

3rd Month

4th Month

5th Month

Operating Profit Add: Depreciation

909,601.77 77,195.00

1,701,522. 24 77,195.00 1,778,717. 24 -

2,265,845. 59 77,195.00 2,343,040. 59 -

1,081,527. 10 77,195.00 1,158,722. 10 194.82

2,858,290.4 0 26.71 2,858,317.1 1 -

Fund From Operation Increase In Current Liabilities Increase In Long Term Liabilities increase In Current Assets Increase In Fixed Assets Increase In Bridge Finance Increase In Paid Up Capital

2,064,321.58

986,796.77 -

Total Sources Application Of Funds

2,064,321.58

986,796.77

1,778,717. 24

2,343,040. 59

1,158,916. 92

2,858,317.1 1

Increase In Current Assets Increase In Fixed Assets Increase In Current 766,900.00

1,297,421. 58 -

391,017.99 -

385,302.76 -

(104,809.0 2) -

718,769.50 -

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Liabilities Increase In Long Term Liabilities Financial Expenses Worker Participation Fund Income Tax Dividend

45,480.09 302,442.59 -

85,076.11 565,756.15 722,512.55

113,292.28 753,393.66 722,512.55

54,076.34 359,607.63 102.28

142,914.52 950,381.57 722,512.55

Total Application Of Funds

766,900.00

1,645,344. 25

1,764,362. 80

1,974,501. 25

308,977.23

2,534,578.1 4

Surplus/Deficit

1,297,421.58

(658,547.4 9) 1,297,421. 58

14,354.44

368,539.34

849,939.70 1,021,767. 88 1,871,707. 57

323,738.97 1,871,707.5 7 2,195,446.5 4

Opening Balance Of Cash

638,874.09 653,228.5 4

653,228.54 1,021,767. 88

Closing Balance Of Cash

1,297,421.58

638,874.09

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Appendix

Repair & Maintenance ( Note # 03 ) Assets Building Plant & Machinery Furniture & Fixture Vehicle

Value 0 636900 50000 30000 716900

Rates 1.00% 2.00% 3.00% 4.00% 5.00%

7169 14338 21507 28676 35845 107535

Depreciation (Note # 05) Building Machinery Furniture & Fixture Vehicle Pre-Operating Exp.

0 636900 50000 30000 20 716920

5.00% 10.00% 15.00% 20.00% 25.00%

0 63690 7500 6000 5 77195

44.7535 217.25 5 10

277.0035

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