The company is seeking 5 lakhs of financing to fund the acquisition of ULTRA TRAVELLERS

Association and its initial operations. This funding will cover the rent of Cab, marketing, rent
of extra vehicles, software, and hardware.

Important Assumptions
The table below shows the key assumptions for City Taxi.
General Assumptions
2013

2014

2015

Current Interest
Rate

10.00%

10.00%

10.00%

Long-term Interest
Rate

10.00%

10.00%

10.00%

Tax Rate

25.42%

25.00%

25.42%

Plan Month

Other

Projected Profit and Loss

City Taxi is in the early stage of development, thus initial projections have only been
made on accounts that are believed to most drive the income statement .

Pro Forma Profit and Loss

2013
Sales
Direct Cost of Sales
Other
Total Cost of Sales

2014

2015

1,500,000

2,200,000

65,000

125,000

100,000

5,000

10,000

15,000

70,000

135,000

115,000

200,000

Gross Margin

130,000

1,365,000

2,085,000

Gross Margin %

65.00%

91.00%

94.77%

217,391

521,739

565,217

Sales and Marketing and Other

Expenses

64,000

164,000

214,000

Research & Development

15,000

25,000

40,000

2,000

2,000

Expenses
Payroll

Utilities
Insurance
Payroll Taxes

2,000
5,000

5,000

5,000

32,609

78,261

84,783

350,997

813,500

928,500

Profit Before Interest and Taxes

(220,997)

551,500

1,156,500

EBITDA

(206,000)

569,000

1,174,000

3,337

2,841

2,084

137,165

293,414

Net Profit

(224,334)

411,494

861,002

Net Profit/Sales

-112.17%

27.43%

39.14%

Other
Total Operating Expenses

Interest Expense
Taxes Incurred

Projected Cash Flow

The table below outlines the company's cash flows for FY 2013-2015. The required Rs.5Lacs
will be spent to acquire

Pro Forma Cash Flow

2013

2014

2015

Cash Sales

200,000

1,500,000

2,200,000

Subtotal Cash from Operations

200,000

1,500,000

2,200,000

Sales Tax, VAT, HST/GST Received

New Current Borrowing

New Other Liabilities (interest-free)

New Long-term Liabilities

Sales of Other Current Assets

Sales of Long-term Assets

New Investment Received

2,500,000

Subtotal Cash Received

2,700,000

1,500,000

2,200,000

2013

2014

2015

Cash Spending

217,391

521,739

565,217

Bill Payments

200,095

519,573

739,266

Subtotal Spent on Operations

417,486

1,041,312

1,304,483

3,000

3,000

3,000

Cash Received
Cash from Operations

Additional Cash Received

Expenditures
Expenditures from 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

4,181

4,951

500,000

1,700,000

Subtotal Cash Spent

2,620,486

1,048,493

1,312,434

Net Cash Flow

Rs.79,514

Rs.451,507

Rs.887,566

Cash Balance

Rs.124,514

Purchase Other Current Assets

Purchase Long-term Assets
Dividends

Rs.576,021 Rs.1,463,587

Projected Balance Sheet

The table below provides City Taxi's actual and projected balance sheets for 1999-2001.
Pro Forma Balance Sheet
1999

2000

2001

Assets
Current Assets
Cash

124,514

576,021 1,463,587

Other Current Assets

513,400

513,400

Total Current Assets

637,914 1,089,421 1,976,987

513,400

Long-term Assets
Long-term Assets
Accumulated Depreciation

1,775,000 1,775,000 1,775,000

24,997

42,497

59,997

Total Long-term Assets

1,750,003 1,732,503 1,715,003

Total Assets

2,387,917 2,821,924 3,691,990

Liabilities and Capital

Current Liabilities

2013

2014

2015

Accounts Payable

15,451

45,145

62,160

Current Borrowing

7,000

4,000

1,000

Other Current Liabilities

25,400

25,400

25,400

Subtotal Current Liabilities

47,851

74,545

88,560

Long-term Liabilities

25,000

20,819

15,868

Total Liabilities

72,851

95,364

104,428

Paid-in Capital
Retained Earnings

2,537,000 2,537,000 2,537,000

2,400 (221,934)
411,494

189,560

Earnings

(224,334)

861,002

Total Capital

2,315,066 2,726,560 3,587,562

Total Liabilities and Capital 2,387,917 2,821,924 3,691,990

Net Worth

2,315,066 2,726,560 3,587,562

Business Ratios
The following table contains important business ratios from the taxi cab industry.
Ratio Analysis
2013

2014

100.00%

650.00%

46.67%

0.50%

Other Current Assets

21.50%

18.19%

13.91%

45.90%

Total Current Assets

26.71%

38.61%

53.55%

63.00%

Long-term Assets

73.29%

61.39%

46.45%

37.00%

100.00%

100.00%

100.00%

100.00%

Current Liabilities

2.00%

2.64%

2.40%

29.10%

Long-term Liabilities

1.05%

0.74%

0.43%

27.00%

Sales Growth

2015 Industry Profile

Percent of Total Assets

Total Assets

Total Liabilities

3.05%

3.38%

2.83%

56.10%

96.95%

96.62%

97.17%

43.90%

100.00%

100.00%

100.00%

100.00%

65.00%

91.00%

94.77%

82.50%

177.25%

63.59%

55.44%

58.00%

25.00%

10.00%

9.09%

1.00%

-110.50%

36.77%

52.57%

2.60%

Current

13.33

14.61

22.32

1.58

Quick

13.33

14.61

22.32

1.22

3.05%

3.38%

2.83%

56.10%

Pre-tax Return on Net Worth

-9.69%

20.12%

32.18%

3.60%

Pre-tax Return on Assets

-9.39%

19.44%

31.27%

8.10%

Additional Ratios

2013

2014

2015

Net Profit Margin

-112.17%

27.43%

39.14%

n.a

Return on Equity

-9.69%

15.09%

24.00%

n.a

12.42

12.17

12.17

n.a

31

20

26

n.a

0.08

0.53

0.60

n.a

Debt to Net Worth

0.03

0.03

0.03

n.a

Current Liab. to Liab.

0.66

0.78

0.85

n.a

590,063

1,014,876

1,888,427

n.a

-66.22

194.13

554.85

n.a

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

Total Debt to Total Assets

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

Liquidity Ratios
Net Working Capital
Interest Coverage

Additional Ratios
Assets to Sales

11.94

1.88

1.68

n.a

2%

3%

2%

n.a

13.33

14.61

22.32

n.a

Sales/Net Worth

0.09

0.55

0.61

n.a

Dividend Payout

0.00

0.00

0.00

n.a

Current Debt/Total Assets

Acid Test

Appendix
Sales Forecast
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sales
All services

0% 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667

Other

0%

Total Sales

16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667

Direct Cost of
Sales

Jan

All services

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417

Other

Subtotal Direct
Cost of Sales

5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417

Personnel Plan
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Taxi Cabs &

Administrative

0% 9,058 9,058 9,058 9,058 9,058 9,058 9,058 9,058 9,058 9,058 9,058 9,058

Maintenance &
Repair

0% 9,057 9,058 9,058 9,058 9,058 9,058 9,058 9,058 9,058 9,058 9,058 9,058

Total People

Total Payroll

18,115 18,116 18,116 18,116 18,116 18,116 18,116 18,116 18,116 18,116 18,116 18,116

General Assumptions

Plan
Month

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

10

11

12

Current
Interest
Rate

10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

Long-term
Interest
Rate

10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

Tax Rate

30.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%

Other

Sep

Oct

Nov

Dec

Pro Forma Profit and Loss

Jan
Sales
Direct
Cost of
Sales
Other
Total
Cost of
Sales

Feb

Mar

Apr

May

Jun

Jul

Aug

16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667 16,667
5,417

5,417

5,417

5,417

5,417

5,417

5,417

5,417

5,417

5,417

5,417

5,417

417

417

417

417

417

417

417

417

417

417

417

417

5,833

5,833

5,833

5,833

5,833

5,833

5,833

5,833

5,833

5,833

5,833

5,833

Gross
Margin

10,833 10,833 10,833 10,833 10,833 10,833 10,833 10,833 10,833 10,833 10,833 10,833

Gross
Margin
%

65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00%

Expense
s
Payroll

Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1
15
16
16
16
16
16
16
16
16
16
16
16

Sales
and
Marketi
ng and
Other
Expense
s

Rs.5,33 Rs.5,33 Rs.5,33 Rs.5,33 Rs.5,33 Rs.5,33 Rs.5,33 Rs.5,33 Rs.5,33 Rs.5,33 Rs.5,33 Rs.5,33
3
3
3
3
3
3
3
3
3
3
3
3

Deprecia
tion

Rs.625 Rs.625 Rs.625

Researc
h&
Develop
ment

Rs.1,25 Rs.1,25 Rs.1,25 Rs.1,25 Rs.1,25 Rs.1,25 Rs.1,25 Rs.1,25 Rs.1,25 Rs.1,25 Rs.1,25 Rs.1,25
0
0
0
0
0
0
0
0
0
0
0
0

Utilities

Rs.167 Rs.167 Rs.167 Rs.167 Rs.167 Rs.167 Rs.167 Rs.167 Rs.167 Rs.167 Rs.167 Rs.167

Insuranc
e

Rs.417 Rs.417 Rs.417 Rs.417 Rs.417 Rs.417 Rs.417 Rs.417 Rs.417 Rs.417 Rs.417 Rs.417

Payroll
Taxes

Rs.1,45 Rs.1,45 Rs.1,45 Rs.1,45 Rs.1,45 Rs.1,45 Rs.1,45 Rs.1,45 Rs.1,45

8
8
8
8
8
8
8
8
8

15 Rs.2,71 Rs.2,71 Rs.2,71 Rs.2,71 Rs.2,71 Rs.2,71 Rs.2,71 Rs.2,71 Rs.2,71 Rs.2,71 Rs.2,71 Rs.2,71
%
7
7
7
7
7
7
7
7
7
7
7
7

Other

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Total
Operatin
g
Expense
s

Rs.28,6 Rs.28,6 Rs.28,6 Rs.29,4 Rs.29,4 Rs.29,4 Rs.29,4 Rs.29,4 Rs.29,4 Rs.29,4 Rs.29,4 Rs.29,4
24
25
25
58
58
58
58
58
58
58
58
58

Profit
Before
Interest
and
Taxes

(Rs.17, (Rs.17, (Rs.17, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18,
791)
792)
792)
625)
625)
625)
625)
625)
625)
625)
625)
625)

EBITD
A

(Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17,
166)
167)
167)
167)
167)
167)
167)
167)
167)
167)
167)
167)

Interest
Expense

Rs.290 Rs.288 Rs.285 Rs.283 Rs.281 Rs.279 Rs.277 Rs.275 Rs.273 Rs.271 Rs.269 Rs.267

Taxes
Incurred

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Net
Profit

(Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18, (Rs.18,
080)
079)
077)
908)
906)
904)
902)
900)
898)
896)
893)
891)

Net
Profit/Sa
les

108.48 108.48 108.46 113.45 113.44 113.42 113.41 113.40 113.39 113.37 113.36 113.35
%
%
%
%
%
%
%
%
%
%
%
%

Pro Forma Cash Flow

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Cash
Receive
d
Cash
from
Operati
ons
Cash
Sales

Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6
67
67
67
67
67
67
67
67
67
67
67
67

Subtotal
Cash
from
Operati
ons

Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6
67
67
67
67
67
67
67
67
67
67
67
67

Additio
nal Cash
Receive
d
Sales
Tax,
VAT,
0.0
HST/GS
0%
T
Receive
d

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

New
Current
Borrowi
ng

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

New
Other
Liabiliti
es
(interest
-free)

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

New
Longterm
Liabiliti
es

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Sales of
Other
Current
Assets

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Sales of
Longterm
Assets

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

New
Investm
ent
Receive
d

Rs.0

Rs.0

Rs.2,50
0,000

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Subtotal
Cash
Receive
d
Expendi
tures

Rs.16,6 Rs.16,6 Rs.2,51 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6 Rs.16,6
67
67
6,667
67
67
67
67
67
67
67
67
67

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Expendi
tures
from
Operati
ons
Cash
Spendin
g

Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1 Rs.18,1
15
16
16
16
16
16
16
16
16
16
16
16

Bill
Paymen
ts

Rs.24,1 Rs.16,0 Rs.16,0 Rs.16,0 Rs.16,0 Rs.15,9 Rs.15,9 Rs.15,9 Rs.15,9 Rs.15,9 Rs.15,9 Rs.15,9
34
07
05
03
01
99
96
94
92
90
88
86

Subtotal
Spent
on
Operati
ons

Rs.42,2 Rs.34,1 Rs.34,1 Rs.34,1 Rs.34,1 Rs.34,1 Rs.34,1 Rs.34,1 Rs.34,1 Rs.34,1 Rs.34,1 Rs.34,1
49
23
21
19
17
15
12
10
08
06
04
02

Additio
nal Cash
Spent
Sales
Tax,
VAT,
HST/GS
T Paid
Out
Principa
l
Repaym
ent of
Current
Borrowi
ng

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.250 Rs.250 Rs.250 Rs.250 Rs.250 Rs.250 Rs.250 Rs.250 Rs.250 Rs.250 Rs.250 Rs.250

Other
Liabiliti
es
Principa
l
Repaym
ent

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Longterm
Liabiliti
es
Principa
l
Repaym
ent

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Purchas
e Other
Current
Assets

Rs.0

Rs.0

Rs.500,
000

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Purchas
e Longterm
Assets

Rs.0

Rs.0

Rs.1,70
0,000

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Dividen
ds

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Rs.0

Subtotal
Cash
Spent

Rs.42,4 Rs.34,3 Rs.2,23 Rs.34,3 Rs.34,3 Rs.34,3 Rs.34,3 Rs.34,3 Rs.34,3 Rs.34,3 Rs.34,3 Rs.34,3
99
73
4,371
69
67
65
62
60
58
56
54
52

Net
Cash
Flow

(Rs.25, (Rs.17, Rs.282, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17, (Rs.17,
832)
706)
296
702)
700)
698)
696)
694)
692)
690)
687)
685)

Cash
Balance

Rs.19,1 Rs.1,46 Rs.283, Rs.266, Rs.248, Rs.230, Rs.212, Rs.195, Rs.177, Rs.159, Rs.142, Rs.124,
68
2
758
056
356
658
962
268
577
887
200
514

Pro Forma Balance Sheet

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Startin
g
Assets
Balan
ces
Current
Assets
Cash

Rs.45, Rs.19, Rs.1,4 Rs.283, Rs.266, Rs.248, Rs.230, Rs.212, Rs.195, Rs.177, Rs.159, Rs.142, Rs.124,
000
168
62
758
056
356
658
962
268
577
887
200
514

Other
Rs.13, Rs.13, Rs.13, Rs.513, Rs.513, Rs.513, Rs.513, Rs.513, Rs.513, Rs.513, Rs.513, Rs.513, Rs.513,
Current
400
400
400
400
400
400
400
400
400
400
400
400
400
Assets
Total
Rs.58, Rs.32, Rs.14, Rs.797, Rs.779, Rs.761, Rs.744, Rs.726, Rs.708, Rs.690, Rs.673, Rs.655, Rs.637,
Current
400
568
862
158
456
756
058
362
668
977
287
600
914
Assets
Longterm
Assets
Longterm

Rs.75, Rs.75, Rs.75, Rs.1,77 Rs.1,77 Rs.1,77 Rs.1,77 Rs.1,77 Rs.1,77 Rs.1,77 Rs.1,77 Rs.1,77 Rs.1,77
000
000
000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

Assets
Accum
ulated Rs.10, Rs.10, Rs.11, Rs.11,8 Rs.13,3 Rs.14,7 Rs.16,2 Rs.17,7 Rs.19,1 Rs.20,6 Rs.22,0 Rs.23,5 Rs.24,9
Deprec
000
625
250
75
33
91
49
07
65
23
81
39
97
iation
Total
Long- Rs.65, Rs.64, Rs.63, Rs.1,76 Rs.1,76 Rs.1,76 Rs.1,75 Rs.1,75 Rs.1,75 Rs.1,75 Rs.1,75 Rs.1,75 Rs.1,75
term
000
375
750 3,125 1,667 0,209 8,751 7,293 5,835 4,377 2,919 1,461 0,003
Assets
Total
Assets
Liabilit
ies and
Capital

Rs.12 Rs.96, Rs.78, Rs.2,56 Rs.2,54 Rs.2,52 Rs.2,50 Rs.2,48 Rs.2,46 Rs.2,44 Rs.2,42 Rs.2,40 Rs.2,38
3,400
943
612 0,283 1,123 1,965 2,809 3,655 4,503 5,354 6,206 7,061 7,917

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

,
Current
Liabilit
ies
Accoun
ts
Rs.23, Rs.15, Rs.15, Rs.15,4 Rs.15,4 Rs.15,4 Rs.15,4 Rs.15,4 Rs.15,4 Rs.15,4 Rs.15,4 Rs.15,4 Rs.15,4
Payabl
600
473
471
69
67
65
63
61
59
57
55
53
51
e
Current
Rs.10, Rs.9,7 Rs.9,5 Rs.9,25 Rs.9,00 Rs.8,75 Rs.8,50 Rs.8,25 Rs.8,00 Rs.7,75 Rs.7,50 Rs.7,25 Rs.7,00
Borrow
000
50
00
0
0
0
0
0
0
0
0
0
0
ing
Other
Current Rs.25, Rs.25, Rs.25, Rs.25,4 Rs.25,4 Rs.25,4 Rs.25,4 Rs.25,4 Rs.25,4 Rs.25,4 Rs.25,4 Rs.25,4 Rs.25,4
Liabilit
400
400
400
00
00
00
00
00
00
00
00
00
00
ies
Subtota
l
Rs.59, Rs.50, Rs.50, Rs.50,1 Rs.49,8 Rs.49,6 Rs.49,3 Rs.49,1 Rs.48,8 Rs.48,6 Rs.48,3 Rs.48,1 Rs.47,8
Current
000
623
371
19
67
15
63
11
59
07
55
03
51
Liabilit
ies
Longterm
Rs.25, Rs.25, Rs.25, Rs.25,0 Rs.25,0 Rs.25,0 Rs.25,0 Rs.25,0 Rs.25,0 Rs.25,0 Rs.25,0 Rs.25,0 Rs.25,0
Liabilit
000
000
000
00
00
00
00
00
00
00
00
00
00
ies
Total
Rs.84, Rs.75, Rs.75, Rs.75,1 Rs.74,8 Rs.74,6 Rs.74,3 Rs.74,1 Rs.73,8 Rs.73,6 Rs.73,3 Rs.73,1 Rs.72,8
Liabilit
000
623
371
19
67
15
63
11
59
07
55
03
51
ies

Paid-in Rs.37, Rs.37, Rs.37, Rs.2,53 Rs.2,53 Rs.2,53 Rs.2,53 Rs.2,53 Rs.2,53 Rs.2,53 Rs.2,53 Rs.2,53 Rs.2,53
Capital
000
000
000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000
Retaine
d
Rs.2,4 Rs.2,4 Rs.2,4 Rs.2,40 Rs.2,40 Rs.2,40 Rs.2,40 Rs.2,40 Rs.2,40 Rs.2,40 Rs.2,40 Rs.2,40 Rs.2,40
Earnin
00
00
00
0
0
0
0
0
0
0
0
0
0
gs
Earnin
gs

Rs.0

(Rs.18 (Rs.36 (Rs.54, (Rs.73, (Rs.92, (Rs.110 (Rs.129 (Rs.148 (Rs.167 (Rs.186 (Rs.205 (Rs.224
,080) ,159)
237)
145)
051) ,954) ,856) ,756) ,654) ,549) ,443) ,334)

Total Rs.39, Rs.21, Rs.3,2 Rs.2,48 Rs.2,46 Rs.2,44 Rs.2,42 Rs.2,40 Rs.2,39 Rs.2,37 Rs.2,35 Rs.2,33 Rs.2,31
Capital
400
320
41 5,163 6,255 7,349 8,446 9,544 0,644 1,746 2,851 3,957 5,066
Total
Liabilit Rs.12 Rs.96, Rs.78, Rs.2,56 Rs.2,54 Rs.2,52 Rs.2,50 Rs.2,48 Rs.2,46 Rs.2,44 Rs.2,42 Rs.2,40 Rs.2,38
ies and 3,400
943
612 0,283 1,123 1,965 2,809 3,655 4,503 5,354 6,206 7,061 7,917
Capital
Net
Worth

Rs.39, Rs.21, Rs.3,2 Rs.2,48 Rs.2,46 Rs.2,44 Rs.2,42 Rs.2,40 Rs.2,39 Rs.2,37 Rs.2,35 Rs.2,33 Rs.2,31
400
320
41 5,163 6,255 7,349 8,446 9,544 0,644 1,746 2,851 3,957 5,066