Proforma Income Statement 5% 10%

Sales 500 Sales 525.00 550.00

Costs 400 Costs 420.00 440.00
Taxable Incomes 100 Taxable Incomes 105.00 110.00
Taxes (34%) 34 Taxes (34%) 35.70 37.40
Net Income 66 Net Income 69.30 72.60

Dividend 22 Dividend 23.10 24.20

Addition to retained earning 44 Addition to retained earning 46.20 48.40

Shareholder's Funds 250 Shareholder's Funds 296.20 298.40

Debt 250 Debt 250.00 250.00
Total 500 Total 546.20 548.40
Fixed Assets 300 Fixed Assets 315.00 330.00
Current Assets 200 Current Assets 210.00 220.00
Total 500 Total 525.00 550.00
Increase in Assets 25.00 50.00
Current Assets 40 EFN -21.20 1.60
Fixed Assets 60 Increase in sales 0.05 0.10

0.132
44
 15% 20% 25%
575.00 600.00
140.00 625.00
460.00 480.00 500.00
120.00
115.00 120.00 125.00
39.10 40.80
100.00 42.50
75.90 79.20 82.50
80.00
Addition to retained
25.30 26.40
60.00 27.50 earning
Increase in Assets
50.60 52.80 55.00
40.00 EFN
Increase in sales
20.00
300.60 302.80 305.00
0.00
250.00 250.00 250.00
1 2 3 4 5
550.60 -20.00 555.00
552.80
345.00 360.00
-40.00 375.00
230.00 240.00 250.00
575.00 600.00 625.00
75.00 100.00 125.00
24.40 47.20 70.00
0.15 0.20 0.25
ROA 0.132 9.65%
b 0.67 Sales 500 548.25
Costs 400 438.60
Numerator 0.088 Taxable Incomes 100 109.65
Denominator 0.912 Taxes (34%) 34 37.28
Net Income 66 72.37
IGR 0.096491
Dividend 22 24.12
Addition to retained earning 44 48.25

Shareholder's Funds 250 298.25

Debt 250 250.00
Total 500 548.25
Fixed Assets 300 328.95
Current Assets 200 219.30
Total 500 548.25

Current Assets 40
Fixed Assets 60
ROE 0.264 21.36%
b 0.67 Sales 500 606.80
Costs 400 485.44
Numerator 0.176 Taxable Incomes 100 121.36
Denominator 0.824 Taxes (34%) 34 41.26
Net Income 66 80.10
SGR 0.213592
Dividend 22 26.70
Addition to retained earning 44 53.40

Shareholder's Funds 250 303.40

Debt 250 250.00 303.40
Total 500 553.40
Fixed Assets 300 364.08
Current Assets 200 242.72
Total 500 606.80

Current Assets 40
Fixed Assets 60

Debt Equity Ratio 1.00 1.000011

53.40
Particulars 2009 5% 10%
Sales 147329.26 154695.72 162062.19
Other Income 265.67 278.95 292.24

Costs 129201.87 135661.96 142122.06

Dep 4265.39 4478.66 4691.93
Interest 3290.18 3454.69 3619.20
EBIT 10837.49 11379.36 11921.24
Tax 3793.12 3982.78 4172.43
Net Profit 7044.37 7396.59 7748.81
Dividend 1494.97 1569.72 1644.47
Retained Earnings 5549.40 5826.87 6104.34

2009 5% 10%
Assets

Fixed Assets: Gross Block 105163.67

(-)Dep 59858.09
Net Fixed Assets 45305.58 47570.86 49836.14
Investments 6411.10 6731.66 7052.21
Current Assets:
Stock 21668.70 22752.14 23835.57
Debtors 13031.63 13683.21 14334.79
Cash & Bank 6148.36 6455.78 6763.20
Other CA 6.81 7.15 7.49
Loans & Advances 13015.73 13666.52 14317.30
Misc. Expd. 105.48 110.75 116.03
Others 15912.70 16708.34 17503.97

Total 121606.09 127686.39 133766.70

Liabilities

Share Capital 6202.78 6202.78 6202.78

Reserves and Surplus 21,511.50 27,338.37 27,615.84
Interests 894.88 939.62 984.37
Loans:
Secured 34,329.26 34,329.26 34,329.26
Unsecured 25,571.24 25,571.24 25,571.24
Current liabilities and provisions 30,251.01 31763.56 33276.11
Other liabilities 2,845.42 2987.69 3129.96
Total 121606.09 129132.52 131109.56

Increase in Assets 6080.30 12160.61

EFN -1446.13 2657.14
 15% 20% 25%
169428.65 176795.11 184161.58
305.52 318.80 332.09

148582.15 155042.24 161502.34

4905.20 5118.47 5331.74
3783.71 3948.22 4112.73
12463.11 13004.99 13546.86
4362.09 4551.75 4741.40
8101.02 8453.24 8805.46
1719.22 1793.96 1868.71
6381.81 6659.28 6936.75

15% 20% 25%

52101.42 54366.70 56631.98

7372.77 7693.32 8013.88

24919.01 26002.44 27085.88

14986.37 15637.96 16289.54
7070.61 7378.03 7685.45
7.83 8.17 8.51
14968.09 15618.88 16269.66
121.30 126.58 131.85
18299.61 19095.24 19890.88

139847.00 145927.31 152007.61

6202.78 6202.78 6202.78

27,893.31 28,170.78 28,448.25
1029.11 1073.86 1118.60

34,329.26 34,329.26 34,329.26

25,571.24 25,571.24 25,571.24
34788.66 36301.21 37813.76
3272.23 3414.50 3556.78
133086.59 135063.63 137040.67

18240.91 24321.22 30401.52

6760.41 10863.68 14966.95
ROA 0.079589 Particulars 2009
b 0.787778 Sales 147329.26
Other Income 265.67
Numerator 0.062698
Denominator 0.937302 Costs 129201.87
Dep 4265.39
IGR 0.066892 Interest 3290.18
EBIT 10837.49
Tax 3793.12
Net Profit 7044.37
Dividend 1494.97
Retained Earnings 5549.40

2009
Assets

Fixed Assets: Gross Block 105163.67

(-)Dep 59858.09
Net Fixed Assets 45305.58
Investments 6411.10
Current Assets:
Stock 21668.70
Debtors 13031.63
Cash & Bank 6148.36
Other CA 6.81
Loans & Advances 13015.73
Misc. Expd. 105.48
Others 15912.70

Total 121606.09

Liabilities

Share Capital 6202.78

Reserves and Surplus 21,511.50
Interests 894.88
Loans:
Secured 34,329.26
Unsecured 25,571.24
Current liabilities and provisions 30,251.01
Other liabilities 2,845.42
Total 121606.09
 6.69%
157184.41
283.44

137844.44
4550.71
3510.27
11562.43
4046.85
7515.58
1594.97
5920.61

6.69%

48336.16
6839.95

23118.16
13903.34
6559.64
7.27
13886.38
112.54
16977.13

129740.56

6202.78
27,432.11
894.88

34,329.26
25,571.24
32274.561
3035.76
129740.59
ROE 0.254178 Particulars 2009
b 0.787778 Sales 147329.26
Other Income 265.67
Numerator 0.200236
Denominator 0.799764 Costs 129201.87
Dep 4265.39
SGR 0.250369 Interest 3290.18
EBIT 10837.49
Tax 3793.12
Net Profit 7044.37
Dividend 1494.97
Retained Earnings 5549.40

2009
Assets

Fixed Assets: Gross Block 105163.67

(-)Dep 59858.09
Net Fixed Assets 45305.58
Investments 6411.10
Current Assets:
Stock 21668.70
Debtors 13031.63
Cash & Bank 6148.36
Other CA 6.81
Loans & Advances 13015.73
Misc. Expd. 105.48
Others 15912.70

Total 121606.09

Liabilities

Share Capital 6202.78

Reserves and Surplus 21,511.50
Interests 894.88
Loans:
Secured 34,329.26
Unsecured 25,571.24
Current liabilities and provisions 30,251.01
Other liabilities 2,845.42
Total 121606.09
EFN

Debt Equity Ratio 2.16

 25.04%
184220.51
332.19

161554.02
5333.44
4114.04
13551.20
4742.92
8808.28
1869.31
6938.97

25.04%

56650.10
8016.44

27094.54
16294.75
7687.91
8.52
16274.87
131.89
19897.24

152056.25

6202.78
28,450.47
1118.96

34,329.26
25,571.24
37825.863
3557.91
137056.48
14999.77

2.16