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    TECHNOLOGY MANAGEMENT LAB

    BUSINESS PLAN REPORT

    SNAP Group

    SUBMITTED BY

    Sagar Morakhia (AM0912)

    Nirmal Kathiriya (AM0612)

    Adit Shah (AM2012)

    Prajitha Chowdhury (AM0212)

    DATE

    25 JULY 2013

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    Index

    Sr. No. Topic Page No.

    1 Executive Summary 3

    2 Company Description 4

    3 Business Model 114 Industry Analysis 11

    5 Marketing Details 13

    6 Operations Details 17

    7 Financial Details 18

    8 References 32

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    Executive Summary

    The bakery business in India is huge in terms of volumes and revenues. The business is divided

    majorly in two parts, Sandwich bread and Toast bread. The local Ahmedabad market of Sandwich

    bread is about 216 Crore annually.

    SNAP baking unit, a firm established by four MBAs of CEPT University is focused on innovation

    in the bakery sector. The unit is majorly focused on reducing the wastages by innovative solutions.

    The unit is to be established in Ahmedabad looking at the potential of the market i.e. 216 Crores

    (approx.).

    The report present below shows the details of the business plan, i.e. the marketing, operating and

    financial details of the firm.

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    Company Description

    Mission statement

    To initiate the trend of new bakery that aims in reduction in the wastage of unused bread and

    continue innovating to achieve the minimum wastage through new mould designs and in bread

    making process.

    Product/Service Description

    We are willing to establish a new bakery in which we will produce breads using modified system of

    bread making. We have modified all the equipments used in bread making process. This

    modification in conventional bakery will help us to gain 38% more profit as compare to

    conventional bakeries in Ahmedabad and Gujarat.

    We have invented new design of bread making moulds, slice cutter, bhatthi and respective handling

    tools/equipments.

    Following are the photographs showing existing and improved equipment.

    Bread Mould:

    Existing Mould

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    Existing mould: (single unit)

    Specification:

    1Kg mouldside by side

    Wastage: 350 gms

    System optimized for 2 kg

    mould

    Existing mould rhino model

    New Designed Mould: 1

    Specification:

    2Kg mould

    2 Bread loafs

    Traditionalmouldwastage: 700gm

    Waste aftermodification:540gm

    Reduction : ~ 23%

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    Actual Mould:

    Iteration-1 in Mould:1

    Reasons for selection (for existingbakery):No change in existing system

    Workers familiar with 2Kg loaf

    Add on:A mark-up helps to cut bread in two

    halves

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    After

    Before

    New Designed Mould: 2

    Rhino Model

    Specification:

    6Kg mould

    6 Bread loafs

    Traditional wastage of bread

    from conventional mould:

    2100gm

    Waste of bread from new mould:

    1365gm

    Reduction: ~35%

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    Actual Model of mould-2:

    Iteration-1 of Mould: 2

    Breads by new designed Mould-2

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    New designed Mould-3

    Rhino Model

    Bread cutter (slicer) New design:

    7 kg mould and decrease in wastage

    38%

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    Form of organization

    We are a team of 4 people currently are estimating to hire around 10-15 more people. The form

    will be mostly flat organizational structure.

    SNAP Baking Unit is a start-up organization.

    It will be formed as an Ahmedabad based L.L.P firm.

    The partnership formation was chosen as a way to minimize personal liability issues for

    the owner and avoiding the double taxation found in traditional corporations.

    Company Ownership

    Sagar Morakhia Co-founder

    Nirmal Kathiriya Co-founder

    Adit Shah Co-founder

    Prajita Chowdhury Co-founder

    Venture Capitalists Financier

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    Business model

    The SNAP baking unit will have a state of the art bread manufacturing facility. Few of the

    features that the manufacturing plant will have are as follows:

    Emphasis on Hygiene

    Fresh Bread production on daily basis

    Sourcing of its flour from ISO certified companies

    New manufacturing facilities

    The SNAP baking unit will be producing and distributing the bread on its own in the

    initial years, later on well be looking for giving franchises to others in different parts of

    the country

    The business is focused on getting solution of the problems according to the existing Indian

    Bakeries.

    Industry Analysis

    There exists extremely sophisticated technologies of manufacturing bread in various countries

    in Europe and United States. However, target market are those bakeries that work the manual

    bread manufacturing techniques.

    The bread manufactured for sandwiches is different from that being made for daily consumption

    as toast bread and so they are not manufactured in Ovensbut in Bhatthi

    I ndustr y size

    Currently there are 200 bakeries in Ahmedabad that manufacture the sandwich bread. On an

    average, 1 new bakery is installed almost every three to four months.

    On an average the bakery produces 1200 kg bread on daily basis, i.e. 1200 bread loafs on 1kgeach and there are total 200 bread making units in Ahmedabad

    Thus the annual production of the bread loaf comes out to be of 7Crore 20lakh

    (i .e. 1200 breads/day * 200 manufactur ing units * 300 days a year (taking in account of f season))

    The average price of a bread loaf was found out to be 30 Rs/loaf that makes the whole annual

    market of Ahmedabad to be 216 CRORE

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    Key Success Factors

    Reduction in wastage by 38% and saving of around Rs. 1, 80,000 for a production of 1200 loafs

    a day per month

    Better quality of product at same price (i.e. 30rs per 1 Kg Loaf)

    Orsame quality at Lower cost

    Use of the existing supply pattern

    No extra effort in cutting edges

    Giving two slices extra in a loaf

    I ndustry Trends

    Currently industry trends rely more on improving technologies for automated process. In

    manual processing, not much have been done.

    Moreover the type of bread being consumed in Indian market is also different from that being

    consumed globally so the problems faced here are not solved by the innovations that take place

    in foreign countries.

    Our Innovative Business model based on the system designed by us solves the problems of the

    existing Indian Bakeries.

    Competitors

    The competitors of our business are the existing baking units that cater to the hawkers and other

    food joints of the city, and on the later stage the competitors we will face are the National and

    State giants in baking business.

    More over as the business is very huge there is a full scope of entry for organized bakeries in the

    market.

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    Marketing Plan

    Segmentation, Target &Positi oning

    Demographically, the main market targeted is in Ahmedabad and will later spread out to

    Gujarat.

    The size of Sandwich bread market in Ahmedabad is almost 216 Crore. More over the

    market of the State and Nation holds much more potential

    Market sur vey & its resul t

    We did a deep study of the market and found out that 35% of the bread loaf is being wasted

    in terms of sides being cut out and thrown out

    Objective of the study

    Survey of wastage produced in bakeries using current moulds were done in bakeries in

    Ahmadabad. The main objective was to know the bakery owners feedback on using new

    mould designs that would be profitable for them.

    Methodology

    New mould designs were tested in the bakeries. The moulds were fabricated and welded

    using aluminium. After the testing, feedback of bakery owners and the workers wererecorded.

    Findings

    It was found that the using the new mould designs, savings of around 38% are generated.

    Also, some altercations are required in some of the processes but these altercations are not

    that major to affect the profitability.

    I nf erences

    Buyer Behaviour

    Awareness, Desirability& Demand of product/service

    The bakeries that use the manual processing techniques of manufacturing are using it for

    more than a decade or so with very few advancements in some of the processes. However,

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    there is a lack of awareness among them that the decrease in the bread wastage can also

    increase their savings to a large amount. To address this gap is our main motivation of

    setting up this business.

    Market Segmentation and choice of target segment(s)

    Market segmentation: Bakeries using Manual processing techniques for manufacturing in

    Ahmedabad.

    Marketing Mix

    Product positioningThe new bread mould equipment will be positioned as an innovative

    patented design that saves 25% of the overall cost saving Rs.1.8 lakhs per month

    Pricing strategyWe will be choose a dynamic pricing strategy to capture market. For first

    we will try to sell our bread at the same existing price and if we find the competitor gaining

    advantage over our strategy well decrease the price of our strategy as we can decrease the

    price more by 38% as we have an advantage over the existing bakeries

    Promotion strategy- One to one lead generation through cold call and

    demonstration/presentation of the product to the bakery owners. Initial promotion will be

    done through contacting the baker owners personally.

    Place/Distribution channelsIn the distribution channel selection we will use the existing

    channel i.e. distributing through the rickshaw which we will be purchasing on inception.

    The place we selected is shown below as circled places.

    The reason we selected this place as there is already a cluster of baking units in this areas

    and thus we will be able to access the raw materials easily

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    Source: Google Maps

    SWOT Analysis

    Strengths:

    Our new proposed design saves cost by 35%

    Weakness:

    New in the market. Penetration may take time.

    Opportunities:Number of bakeries is in the order of hundreds; so scope of business is high.

    Threats:

    Existing designers can use our design for inspiration and give good competition to us

    because of their longer time in industry.

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    Unique Selling proposition

    Unique design of bread mould that reduces bread wastage and costs by 35%. This design is

    new in the market and gives better efficiency.

    Anticipated Demand

    The number of bakeries in our initial target place in Ahmedabad is in the order of hundreds.

    Thus, the bakery owners would be willing to adopt our new design to save their huge costs.

    Growth Potential

    Initially our target market is in Ahmedabad. We plan to expand our businesses to other

    metro cities in Gujarat and later to towns. As the penetration in metro cities increase and

    bakeries use our design, more and more bakery owners will be willing to buy them. Thus

    increase the scale of our business in the order of thousands of bakeries in the state of Gujarat

    only.

    Competitor Analysis

    Our competitors include the manufacturing companies that produce the instruments and

    standard mould designs and supply in the market. These industries operate in small scales.

    Monitoring marketing activities

    To achieve the sales targets, the sales executives will be given certain target units to achieve

    to sell in a given period of time. Subsequently, the targets will be increased. Monitoring will

    be done by tracking how much time it takes to convert a cold lead to a client by each

    salesperson. Proper training will be provided to salespersons to achieve their target results.

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    Operations Plan

    Supply Chain Management

    Raw materials/Semi-processed goods

    Logistics

    Tempo Cost + Diesel cost

    100kms/day * 3rs/km *23 days a month *12months

    (2 Tempo)

    82800 RS/- (For One Tempo)

    165600 RS/- (For Two Tempo)

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    Financial Plan

    Assumptions

    Capacity of bhatti - 50

    moulds

    We are selectiing

    40 Moulds

    40 * 7Kg

    280 Kg

    12Shift a day

    12*280

    3360 kg

    Capacity/day

    sales 3200kg /day

    3200*35

    112000 per day

    23 days a

    month

    Yearly Sales 3.09 crore

    15897600 15897600

    Power and Fuel 15000 /month

    1.8 lakh

    per year

    Direct Labour 28.8 lakh

    10 labourers 3 Shifts a day @

    8000 per person

    Other Mfg exp 7.2 lakh

    5 marketing persons @12000

    per month

    Water bill .5 lakh Water tax

    4.8 lakh

    Building Rent @ 40000 per

    month

    Depriciation 4 lakh /year 2.8 lakh Mould

    .30 lakh Bhatthi @30% per year

    Atta maker 3.5lakh / 10 year life.5 lakh 5 lakh Slicer .85 lakh/ 10 year life

    Weighing m/c+ trolley+ misc

    equips of .65 lakh

    .4 lakh 4 lakh 2 tempo @2 lakh per tempo

    Closing stock 11.04 lakh

    One month RM

    stock(3200*15*23)

    .58 lakh

    One day Finished goods stock

    (3200*18)

    11.62

    lakh

    Selling and General admin

    expenses 1.5 lakh Office cost + Misc

    1.66 lakh

    Diesel

    cost

    100 kms @ day *3rs. Per km

    *23 days a month *12months

    82800

    165600 (2 tempo)

    Building 5.5 lakh

    rent

    40,000

    office

    infra === 4.8+0.7

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    CMA data Sheet

    FORM II : OPERATING STATEMENT

    Sheet 1

    AMOUNT INRs : Lakhs

    Branch

    NAME OF THE UNIT For the year ending 31st March

    2014 2015 2016 2017 2018

    Proj. Proj. Proj. Proj. Proj.

    1 GROSS SALES I II III IV V

    i. Domestic sales 309.00 340.00 374.00 412.00 454.00

    ii Export Sales

    Total 309.00 340.00 374.00 412.00 454.00

    2 Less excise duty

    Deduct other items

    3 Net sales ( item 1 - item 2 ) 309.00 340.00 374.00 412.00 454.00

    4 % age rise (+) or fall (-) in net - - 10.00 10.16 10.19

    sales compared to previous

    year (annualised)

    5 Cost of Sales

    i.) Raw materials (including 132.00 145.00 159.50 175.45 193.00stores and other items used

    in the process of manufacture)

    (a) imported

    (b) Indigenous -

    ii) Other spares - - - - -

    (a) Imported - - - - -

    (b) Indigenous -

    iii) Power and fuel 1.80 1.98 2.18 2.40 2.64

    iv) Direct labour 28.80 28.80 28.80 28.80 28.80

    (Factory wages & salary) -

    v) Other mfg. Expenses 12.50 13.75 15.13 16.64 18.30

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    vi) Depreciation 4.00 4.00 4.00 4.00 4.00

    vii) SUB TOTAL (I TO VI) 179.10 193.53 209.60 227.28 246.73

    viii) ADD: Opening stocks-in-Process) - - - - -

    Sub-total 179.10 193.53 209.60 227.28 246.73

    Form II : Sheet 2 2014 2015 2016 2017 2018

    0 Proj. Proj. Proj. Proj. Proj.

    ix) Deduct : Closing stocks-in-

    process -

    x) Cost of Production 179.10 193.53 209.60 227.28 246.73

    xi) Add : Opening stock of

    finished goods - - 12.78 14.06 15.47

    SUB-TOTAL 179.10 193.53 222.39 241.34 262.20

    xii) Deduct closing stock of

    finished goods 11.62 12.78 14.06 15.47 17.01

    xiii) SUB-TOTAL (Total cost of Sales) 167.48 180.75 208.32 225.88 245.19

    6 Selling general and administrtive

    expenses 3.16 3.48 3.82 4.21 4.63

    7 SUB-TOTAL (5+6) 170.64 184.22 212.15 230.08 249.81

    8 Operating profit before interest 138.36 155.78 161.85 181.92 204.19

    ( 3-7 )

    Working Capital Interest 1.40 1.40 1.40 1.40 1.40

    Term Loan Interest 1.12 1.12 1.12 1.12 1.12

    9 Total Interest 2.52 2.52 2.52 2.52 2.52

    10 Operating profit after interest (8-9) 135.84 153.26 159.33 179.40 201.67

    11 (i) Add other non-operating income

    (a) Interest on Bank Deposits -

    (b) Prior period adjustments - - - - -

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    (c) Duty Draw Back - - - - -

    (d) Others (Misc. Receipts)

    Sub-total ( income ) - - - - -

    (ii)

    Deduct other non-operating

    expenses

    (a) P&P expense inncluding - - - - -

    all book entries written off

    (b) Prior period adjustments - - - - -

    (c) - - - - -

    (d) - - - - -

    Sub-total ( expenses ) - - - - -

    (iii) Net of other non-operating - - - - -

    income/expenses

    12 Profit before tax/loss[10+11(iii)] 135.84 153.26 159.33 179.40 201.67

    13 Provision for taxes 40.75 45.98 47.80 53.82 60.50

    14 Prior Years Adjustment(if any)#

    15 Net profit/loss for the year ( 12-13 ) 95.09 107.28 111.53 125.58 141.17

    16 (a) Equity dividend paid-amt

    (Already paid+ B.S. provision) -

    (b) Dividend Tax Including Surcharge -

    (c) Dividend Rate

    (d) Transfer to General Reserve -

    17 Retained profit ( 14-15 ) 95.09 107.28 111.53 125.58 141.17

    18 Retained profit/Net profit (% age) - 100.00 100.00 100.00 100.00

    # (-)ve for expense/provisions and (+) ve for gains

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    Ratio Analysis

    2014 2015 2016 2017 2018

    Particulars Proj. Proj. Proj. Proj. Proj.

    Domestic Sales(Gross) 309.00 340.00 374.00 412.00 454.00

    Export Sales 0.00 0.00 0.00 0.00 0.00

    Net Sales 309.00 340.00 374.00 412.00 454.00

    % rise/fall (-) in net sales 10.00 10.16 10.19

    Operating Profit 135.84 153.26 159.33 179.40 201.67

    Profit Before tax 135.84 153.26 159.33 179.40 201.67

    PBT/ Sales (%) 43.96 45.08 42.60 43.54 44.42

    Profit After Tax 95.09 107.28 111.53 125.58 141.17

    Cash Accrual 99.09 111.28 115.53 129.58 145.17

    Paid Up Capital 2.00 2.10 2.50 3.10 3.50

    TNW 2.00 109.38 221.31 347.49 489.06

    Adjusted TNW 2.00 109.38 221.31 347.49 489.06

    TOL/TNW (times) 33.97 0.65 0.32 0.22 0.17

    Adjusted TOL/TNW 33.97 0.65 0.32 0.22 0.17

    NWC 2.08 114.23 224.71 354.94 500.44

    Current Ratio 1.03 2.74 4.19 5.64 7.19

    Other Ratios

    Operating Cost/ sales % 56.04 54.92 57.40 56.46 55.58

    Net Sales /TTA (times) 4.42 1.88 1.28 0.97 0.80

    PBDIT 142.36 159.78 165.85 185.92 208.19

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    Balance Sheet

    LIABILITIES STATEMENT

    FORM III

    Sheet 1 AS PER BALANCE SHEET AS AT 31st MARCH

    0

    0Rs

    in Lakhs

    Sl.LIABILITIES

    2014 2015 2016 2017 2018

    No. Proj. Proj. Proj. Proj. Proj.

    CURRENT LIABILITIES I II III IV V

    1 Short-term borrowings from

    banks(including bills purchased,

    discounted & excess borrowing

    placed on repayment basis)

    (i.) From applicant banks 8.00 8.80 9.20 10.10 10.70(ii.) From other banks

    (iii) Of which BP & BD

    SUB TOTAL 8.00 8.80 9.20 10.10 10.70

    2Short term borrowings fromothers 10.00 10.10 10.50 11.00 11.50

    3 Sundry Creditors (Trade) 2.21 2.30 2.50 2.70 2.90

    4 Advance payments from custo-

    mers/deposits from dealers

    5 Provision for taxes 40.75 44.25 48.20 52.50 55.606 Dividend payable

    7 Other statutory liabilities

    (due within one year)

    8 Deposits/instalments of term 0.10 0.11 0.12 0.12 0.13

    loans/DPGs/Debentures,etc.

    (due within one year)

    9 Other current liabilities &

    provisions(due within 1 Yr)

    (specify major items)

    SUB-TOTAL (B) 53.06 56.76 61.32 66.32 70.13

    TOTAL CURRENT LIABILITIES 61.06 65.56 70.52 76.42 80.83

    TERM LIABILITIES As on 31st March

    11 Debentures (not maturing

    within one year)

    12 Preference shares

    (redeemable after one year)

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    FORM III

    Sheet 3 AS PER BALANCE SHEET AS AT : 31st MARCH

    0

    0Rs.

    in Lakhs

    Sl.ASSETS

    2014 2015 2016 2017 2018

    No. Proj. Proj. Proj. Proj. Proj.

    I II III IV V

    26 Cash and bank balances

    Fixed Deposits with Banks

    28 (i) Receivables other than 51.52 94.50 208.75 336.92 564.25

    deferred & exports (include

    bills purchased and

    discounted by Banks)

    (ii) Export receivables(include - 72.51 72.41 78.97 -

    bills purchased and

    discounted by banks)

    29 Instalments of deferred

    receivables(due with in one yr.)

    30 Inventory: 11.62 12.78 14.06 15.47 17.01

    (i)Raw materials(including stores

    & other items used in the

    process of manufacture)

    (a) Imported(b) Indigenous

    (ii) Stock-In-Process - - - - -

    (iii) Finished goods 11.62 12.78 14.06 15.47 17.01

    (iv) Other Consumable Spares - - - - -

    (a) Imported

    (b) Indigenous

    31 Advance to suppliers of raw -

    materials & stores and spares

    32 Advance payment of taxes

    33 Other Current assets

    Income tax for earlier yearsInterest accrued on FixedDeposits

    Other Current assets -

    (Specify major items) - - - - -

    34 TOTAL CURRENT ASSETS 63.14 179.79 295.22 431.36 581.26

    FIXED ASSETS

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    35 Gross Block(Land & Building 5.50

    machinery, work-in-process)

    36 Depreciation to date - 4.00 8.00 12.00

    37 NET BLOCK 5.50 - (4.00) (8.00) (12.00)OTHER NON-CURRENTASSETS

    38Investment/bookdebts/advances/ 1.20 1.00 0.98 0.80 0.75

    deposits which are not current

    assets

    (i) a) Investment in subsidiary

    Co./affiliates

    b) Other Investments

    (ii) Advances to suppliers of

    capital goods & contractors

    (iii)Deferred receivables(maturity

    exceeding one year)

    (iv)Others (a) Debtors> 6months

    (b) Security Deposits 1.20 1.00 0.98 0.80 0.75

    Project Surplus

    39 Non-consumables stores &

    spares

    40 Other non-current assets incl-

    uding dues from Directors

    41 TOTAL OTHER NON-CURR. ASSETS 1.20 1.00 0.98 0.80 0.75

    42 Intangible assets (patents,

    goodwill, prelim.expenses, bad/

    doubtful exp.not provided foretc)

    43 TOTAL ASSETS(34+37+41+42) 69.84 180.79 292.20 424.16 570.01

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    Break-even Analysis

    BREAK EVEN RM COST INCREASE BY 5.00%

    Year

    Proj.% increase inRM

    2015.00 Cost

    Sales 340.00

    Total VC% FC%VCAmt

    VCAmt FC(Amt)

    Raw Material 145.00 100 0 145.00 152.25 0.00

    Spare and consumables 0.00 75 25 0.00 0.00 0.00

    Power and Fuel 1.98 85 15 1.68 1.68 0.30

    Direct Labour 28.80 50 50 14.40 14.40 14.40Other ManufacturingExpenses 13.75 50 50 6.88 6.88 6.88

    Depreciation 4.00 0 100 0.00 0.00 4.00Selling General & AdmnExpen 3.48 25 75 0.87 0.87 2.61

    Interest - WC 1.40 100 1.40 1.40 0.00

    Interest - Term Loan 1.12 100 0.00 0.00 1.12

    Others 100 0.00 0.00 0.00

    Difference in stock -12.78 100 -12.78 -12.78 0.00

    Total 186.74 157.45 164.70 29.30

    Contribution 182.56 175.31

    Fixed Cost 29.30 29.30

    Break Even sales 54.57 56.82

    Cash Break Even 47.12 49.07

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    FUNDS FLOW STATEMENT

    As on 31stMarch As on 31st March

    Rs in Rs in Lakhs

    2015 2016 2017 2018 2019

    Particulars Proj. Proj. Proj. Proj. Proj.

    Long Term Sources 113.08 115.95 130.36 145.62 -2.75

    Long Term Uses 1.03 5.48 0.12 0.13 17.14

    Surplus/Deficit 112.05 110.48 130.24 145.49 -19.89

    Movement of TNW (Corporate)As on 31stMarch As on 31st March

    Rs. in Rs. in Lakhs

    2015 2016 2017 2018 2019

    Particulars Proj. Proj. Proj. Proj. Proj.

    Opening balance 2.00 109.38 221.31 347.49 489.06

    1 Add.

    i Profit/(-)Loss after Tax 107.28 111.53 125.58 141.17 -17.01

    ii Increase in Capital 0.10 0.40 0.60 0.40 -3.50

    iii Dec./(-) Inc.in Intangible

    Assets 0.00 0.00 0.00 0.00 0.00iv Inc../(-) \ Dec.in Reserves 0.00 0.00 0.00 0.00 0.00

    v. Adjust prior year expenses 0.00 0.00 0.00 0.00 0.00

    2 Less

    Div Paid(Incl.Div.Tax)/Withdrawals 0.00 0.00 0.00 0.00 0.00

    TNW 109.38 221.31 347.49 489.06 468.54

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    Movement of TNW (Non Corporate)As on 31stMarch As on 31st March

    RS in RS in Lakhs

    2015 2016 2017 2018 2019

    Particulars Proj. Proj. Proj. Proj. Proj.

    Opening balance 2.00 109.38 221.31 347.49 489.06

    Increase in Capital # 107.38 111.93 126.18 141.57 -20.51

    Dec./(-) Inc.in Intangible Assets 0.00 0.00 0.00 0.00 0.00

    Dec./(-) Inc.in Reserves 0.00 0.00 0.00 0.00 0.00

    Closing Balance 109.38 221.31 347.49 489.06 468.54

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    References:

    Zuberbhai Owner of United Bakery, Ahemdabad

    Ashfakbhai Owner of Moti Bakery, Ahemdabad

    Naeembhai Owner of Diamond Bakery, Ahemdabad

    Ashokbhai Fabricator

    Hanifbhai Fabricator

    http://ejournalofsciences.org/archive/vol2no9/vol2no9_4.pdf

    http://www.indianbiscuitplant.com/bread-making-baking-

    machinery2.html

    http://www.youtube.com/watch?v=adWIanNQTnU

    http://ejournalofsciences.org/archive/vol2no9/vol2no9_4.pdfhttp://ejournalofsciences.org/archive/vol2no9/vol2no9_4.pdfhttp://www.indianbiscuitplant.com/bread-making-baking-machinery2.htmlhttp://www.indianbiscuitplant.com/bread-making-baking-machinery2.htmlhttp://www.indianbiscuitplant.com/bread-making-baking-machinery2.htmlhttp://www.indianbiscuitplant.com/bread-making-baking-machinery2.htmlhttp://www.indianbiscuitplant.com/bread-making-baking-machinery2.htmlhttp://www.youtube.com/watch?v=adWIanNQTnUhttp://www.youtube.com/watch?v=adWIanNQTnUhttp://www.youtube.com/watch?v=adWIanNQTnUhttp://www.indianbiscuitplant.com/bread-making-baking-machinery2.htmlhttp://www.indianbiscuitplant.com/bread-making-baking-machinery2.htmlhttp://ejournalofsciences.org/archive/vol2no9/vol2no9_4.pdf