A

PROJECT ON

“PROJECTED FINANCIAL STATEMENTS TO BE

SUBMITED TO THE BANK FOR LOAN PROPOSAL”

OF

“Shree Ganesh general store, BARAMATI -413102”

SUBMITTED BY

MAKAR AMOL SHAHAJI

T.Y.B.B.A

ROLL NO: 9338

SEAT NO:24164

UNDER GUIDANCE OF

PROF.MRS.M.R.BADVE

SUBMITTED FOR

REQUIREMENT OF

BACHELOR DEGREE IN BUSINESS ADMINISTRATION

THE PRINCIPAL,

TULJARAM CHATURCHAND COLLEGE, BARAMATI

AFFILIATED TO

UNIVERSITY OF PUNE

2011-2014.

2

Acknoledgement

This project report on the study “Projected Financial statement to

the bank for loan proposal at “SHREE GANESH GENERAL

STORE, BARAMATI”, for partial requirement of “Bachelor of

Business Administration “(B.B.A) form University of PUNE.

I am thankful to our principal Prof. Dr. C.V. Murumkar sir

who gave me permission to undertake this project. I wish to thank teacher

Prof. Mrs. M.R. Badave, who Provide meaningful insight to the study &

helped me to prepare the project.

I am thankful to the guider of the Business owner Mr.M.R.Shah

For giving permission to undertake the project report on “Projected

Financial statement to be submitted to the bank for loan proposal at

Shree ganesh general store,BARAMATI.”

My parents and also friends are guide and spirit without their co-

operation and support. This project report could not have been

completed.

Place- Baramati

Date- Researcher

(makar Amol shahaji)

3

Declaration

I here declare that the project work \Entitled

“Projected Financial Statement to be submitted to the Bank for loan

proposal with reference to SHREE GANESH GENERAL STORE

BARAMATI.” For the period of 2013-2014 is written by me &submitted

to the University of Pune for the degree of B.B.A.

This requirement as a part of University curriculum of

B.B.A. Of university of Pune .

Place: - Baramati

Date: - Researcher.

(makar Amol shahaji)

4

Index

Sr. No. Particulars Page No.

1 Introduction 8

2 Business Profile 10

3 Research Methodology 12

4 Objectives of study 15

5 Purpose of Loan 17

6 Details of Proprietor 19

7 Cost of project 21

8 Ratio 54

9 Graphical Representation 58

10 Assumptions 62

11 Conclusions 65

12 Bibliography 67

13 Document required for loan 68

5

Schedule index

Sr. No. Particulars Page No.

1. Cost of project 21

2. Working capital 23

3. Loan Repayment & Interest statement 25

4. Revenue statement 31

5. Total salary & Wages 33

6. Other expenses 35

7. Fixed Asset schedule 37

8. Depreciation of statement 39

9. Income Statement 42

10. Sales schedule 44

11. Projected profitability statement 46

12. Projected financial sheet 48

13. Projected fund flow statement 50

14. D.S.C.R 52

15. Ratio 54

6

Graph index

Sr. No Graph Title Page No.

1. Gross profit 58

2. Net profit 59

3. Increase in D.S.C.R 60

7

Introduction

8

Introduction

Now a day’s demand for the fast moving consuming good

(FMCG) is increased day by day . The owner of shop want to fulfill

Most need of customer so he wants to stablish general store in

Such a loction from where maximum customer can approach .

Fast moving & consuming goods having a large variety

Production in market as population increasing the demand of FMCG

Goods also increased , by taking advantages of these the proprietor Of “ shree ganesh general store ” started the business

9

Business profile

10

Business profile

Name :- Shree ganesh general store

Proprietor :- Madandas R. shah.

Address :- Ashok nagar,bhigwan road Baramati, dist-pun

state :- Maharastra

pin code :- 413102.

Activity :- purchasing & selling of fast moving consuming

goods

11

Research methodology

12

Research Methodology

To carry every research program, data is an important

factor without data no program can success. So collection of appropriate

data is the first role of researcher.

Following are the types of data collection-

Types of Data

Primary Data

1. Guidance of teachers 1.Annual reports

2. Interview 2. Journals

3. Observation 3. Newspaper

Secondary data

13

A] Primary data collection methods:-

Primary data means first hand information or original source at

the hands of researcher. This data is collected from him / she for the first

time & it is in original nature. It is the starting

point of data collection & also a powerful source.

Primary data collection from-

1. Guidance of teacher

2. Interview

3. Observation

B] Secondary data collection methods;-

This data is used for second time, Secondary data

collected, processed & published by someone else for their purpose. This

data is readily available in Various Books, Journals, Report, magazines,

newspapers etc.

Following are the main sources of

Secondary data collection-

1. Annual reports

2. Journals

3.Newspaper

Thus above method are used for data collections to

study & achieve the objectives of project.

14

Objectives of Study

15

Objectives of Study

1. To Submit Projected Financial Statements to the banks for loan

proposal for 5 years.

2. To Project Long Term Finance.

3. To decide projecting Return on Investment. (ROI)

4. To make analysis of Inflow & Outflow of funds.

5. To project Future Policy Plan.

6. To provide information to bank for Repayment of loan.

7. To ensure proper utilization of available sources & application

of fund, assets debt services, working capital etc.

8. To optimum utilization of Loan amount in proper manner.

9. To forecast & to plan of overall transactions of business with the help of all necessary Information required for Bank

16

Purpose of Loan

17

Purpose of loan

“SHREE GANESH GENERAL STORE” requires a

loan for the purpose of purchasing large variety of fast moving

consuming goods .Loan will provide the required finance to the

proprietor for purchasing of various assets which are required for

the business .Loan will provide Mr.shah to take a rental shop.

18

Details of proprietor

19

Details of Proprietor

Name of the :- Mr. M.R.Shah

Proprietor

Educational :- B.com

Qualification

Date of Birth :- 25th July, 1963

Permanent a/c no :- ALVPB5518A

Status :- Married

Address :- 121/p ganesh market gunawadi chowk ,

Tal-Baramati,Dist-Pune Pin-413102

20

cost of project

21

Schedule No-1

Cost of project

Means of Finance

Cost of project 3,80,000 Rs

Sr. No.

Particulars

Amount (Rs)

1

Term loan

2,40,000

2

Own Contribution

1,40,000

3

Total

3,80,000

4

Repayment of Term Loan

5 years

5

Interest Rate

14%

Total cost of project

Sr. No.

Particulars

Amount (Rs)

1

Shop deposit

30,000

2

Assets

90,000

3

Working capital

2,60,000

4

Total 3,80,000

22

Working capital

23

Schedule No-2

Schedule of working capital

Sr. No.

Particulars

year

1st

1

Purchases

2,00,000

2

To Miscellaneous expenses

1,000

3

To Telephone expenses

3,000

4 To shop rent expenses

48,000

5 To postage 100

6

To Travelling expenses

3,000

7

To other expenses 2,000

8

To printing & stationary 1,200

9

Total

2,60,000

24

Loan repayment & Interest

25

Shedule No-3

Statement Showing Loan Repayment

1st year

Particular

Year

Mont

h

Opening

Balance

Repayment

Principle

Closing

Balance

Interest

14%

Fixed Capital

Loan

1st

1

2,40,000 4,000 2,36,000 2,800

2

2,36,000 4,000 2,32,000 2,753

3

2,32,000 4,000 2,28,000 2,707

4

2,28,000 4,000 2,24,000 2,660

5

2,24,000 4,000 2,20,000 2,613

6

2,20,000 4,000 2,16,000 2,567

7

2,16,000 4,000 2,12,000 2,520

8

2,12,000 4,000 2,08,000 2,473

9

2,08,000 4,000 2,04,000 2,427

10

2,04,000 4,000 2,00,000 2,380

11

2,00,000 4,000 1,96,000 2,333

12

1,96,000 4,000 1,92,000 2,287

Total

48,000 30,520

26

Particular

Year

Mont

h

Opening

Balance

Repayment

Principle

Closing

Balance

Interest

14%

Fixed Capital Loan

2nd

1

1,92,000 4,000 1,88,000 2,240

2

1,88,000 4,000 1,84,000 2,193

3

1,84,000 4,000 1,80,000 2,147

4

1,80,000 4,000 1,76,000 2,100

5

1,76,000 4,000 1,72,000 2,053

6

1,72,000 4,000 1,68,000 2,007

7

1,68,000 4,000 1,64,000 1,960

8

1,64,000 4,000 1,60,000 1,913

9

1,60,000 4,000 1,56,000 1,867

10

1,56,000 4,000 1,52,000 1,820

11

1,52,000 4,000 1,48,000 1,773

12

1,48,000 4,000 1,44,000 1,727

Total

48,000 23,800

27

Particular

Year

Month

Opening Balance

Repayment Principle

Closing Balance

Interest 14%

Fixed Capital Loan

3rd

1

1,44,000 4,000 1,40,000 1,680

2

1,40,000 4,000 1,36,000 1,633

3

1,36,000 4,000 1,32,000 1,587

4

1,32,000 4,000

1,28,000 1,540

5

1,28,000 4,000 1,24,000 1,493

6

1,24,000 4,000 1,20,000 1,447

7

1,20,000 4,000 1,16,000 1,400

8

1,16,000 4,000

1,12,000 1,353

9

1,12,000 4,000 1,08,000 1,307

10

1,08,000 4,000 1,04,000 1,260

11

1,04,000 4,000 1,00,000 1,213

12

1,00,000 4,000

96,000 1,167

Total

48,000 17,080

28

Particular

Year

Month

Opening

Balance

Repayment

Principle

Closing

Balance

Interest

14%

Fixed Capital Loan

4th

1

96,000

4,000

92,000

1,120

2

92,000

4,000

88,000 1,073

3

88,000 4,000

84,000 1,027

4

84,000

4,000

80,000 980

5

80,000 4,000

76,000 933

6

76,000

4,000

72,000 887

7

72,000 4,000

68,000 840

8

68,000

4,000

64,000 793

9

64,000 4,000

60,000 747

10

60,000

4,000

56,000 700

11

56,000 4,000

52,000 653

12

52,000

4,000

48,000 607

Total

48,000 10,360

29

Particular

Year

Month

Opening

Balance

Repayment

Principle

Closing

Balance

Interest

14%

Fixed Capital

Loan

5th

1

48,000

4,000

44,000

560

2

44,000

4,000

40,000

513

3

40,000

4,000

36,000

467

4

36,000

4,000

32,000

420

5

32,000

4,000

28,000

373

6

28,000

4,000

24,000

327

7

24,000

4,000

20,000

280

8

20,000

4,000

16,000

233

9

16,000

4,000

12,000

187

10

12,000

4,000

8,000

140

11

8,000

4,000

4,000

93

12

4,000

4,000

0

47

Total

48,000

3,640

30

Revenue statement

31

Schedule No- 4

Revenue statement

Particular

Year

1st

2nd

3rd

4th

5th

Gross profit

2,01,000

2,21,100

2,43,210

2,67,531

2,94,284

Add 10% increase

20,100

22,110

24,321

26,753

29,428

Total

2,21,100

2,43,210

2,67,531

2,94,284

3,23,712

32

Total salary & wages

33

Schedule No- 5

salary & wages

Particular

No.of workers

Wages/month

Annual amount

workers

2

7,500

90,000

Total

2

7,500

90,000

Increase in wages

Particular

Year

1st

2nd

3rd

4th

5th

Wages

90,000

99,000

1,08,900

1,19,790

1,31,769

Add 10%

increase

9,000

9,900

10,890

11,979

13,177

Total

99,000

1,08,900

1,19,790

1,31,769

1,44,946

34

Other expenses

35

Schedule No-6

Other expenses

Particular

Year

1st

2nd

3rd

4th

5th

To

miscellaneous expenses

1,000

1,100

1,210

1,331

1,464

To telephone expenses

3,000

3,300

3,630

3,993

4,392

To shop rent

expenses

48,000

52,800

58,080

63,888

70,277

To postage expenses

100

110

121

133

146

To travelling expenses

3,000

3,300

3,630

3,993

4,392

To other expenses

2,000

2,200

2,420

2,662

2,928

To printing & stationary

1,200

1,320

1,452

1,597

1,757

Total

58,300

64,130

70,543

77,597

85,357

36

Fixed asset schedule

37

Schedule No-7

Fixed asset schedule

Sr.no

particular Rate of depreciation Amount Rs.

1

Computer

60%

20,000

2

furniture

10%

50,000

3

Bicycle

15%

2,500

4

Refrigerator

15%

12,000

5

Electronic scale

15%

2,500

6

Air cooler

10%

3,000

total

90,000

38

Depreciation statement

39

Schedule No – 8

Depreciation schedule

Sr. NO

Particulars

Y 1st

E 2nd

A 3rd

R 4th

S 5th

1 Computer 20,000 8,000 3,200 1,280 512

Rate of Depreciation

60% 60% 60% 60% 60%

Dep. amount 12,000 4,800 1,920 768 307

W.D.V 8,000 3,200 1,280 512 205

2 Furniture 50,000 45,000 40,500 36,450 32,805

Rate of Depreciation

10% 10% 10% 10% 10%

Dep. amount 5,000 4,500 4,050 3,645 3,281

W.D.V 45,000 40,500 36,450 32,805 29,525

3 Cycle 2,500 2,125 1,806 1,535 1,305

Rate of Depreciation

15% 15% 15% 15% 15%

Dep. amount 375 319 271 230 196

W.D.V 2,125 1,806 1,535 1,305 1,109

4 Electronic scale

2,500 2,125 1,806 1,535 1,305

Rate of

Depreciation

15% 15% 15% 15% 15%

Dep. amount 375 319 271 230 196

W.D.V 2,125 1,806 1,535 1,305 1,109

40

5 Fridge 12,000 9,600 7,680 6,144 4,915

Rate of Depreciation

20% 20% 20% 20% 20%

Dep. amount 2,400 1,920 1,536 1,229 983

W.D.V 9,600 7,680 6,144 4,915 3,932

6 Air cooler 3,000 2,400 1,920 1,536 1,229

Rate of

Depreciation

20% 15% 15% 15% 15%

Dep. amount 600 480 384 307 246

W.D.V 2,400 1,920 1,536 1,229 983

Total of fixed Assets

90,000 69,250 56,912 48,480 42,071

Total

Depreciation

20,750 12,328 8,432 6,410 5,208

Closing WDV

69,250

56,913

48,480

42,071

36,863

41

Income statement

42

Schedule No - 9

Income statement

Particulars

No.of workers

Total days in year

365days

Working days in year

365days

Daily sales

1,370rs/day

Total sales in year

365*1370

Total sales in year

5,00,000

43

Sales schedule

44

Schedule No 10

Sales schedule

Particular Sales Price Total

Milk Gokul 3litre 37 111

Govind 2 litre 24 48

Curd 1kg 40 40

Sugar 4kg 30 120

Rice 6kg 22 132

Gemini oil 3kg 75 225

Tur dal 2kg 80 160

Moong dal 2kg 72 144

Pickeles 2units 15 30

Tea powder 4units 5 10

Hair oil 2 no. 10 20

soap

Lux 2units 18 36

Dettol 1units 19 19

Santoor 3units 10 30

Wheel 2units 5 10

Tide 1units 5 5

Nirma 4units 5 20

Snacks

Toast 4units 10 40

Kurkure 3units 5 15

Lays 1units 5 5

Pens

Lexi 2units 5 10

Reynolds 2units 7 14

Biscuits

Parle 4units 4 16

Good day 1units 10 10

marie 2units 10 20

Chocolates & toffees 80units 1 80

Total 1,370

45

Projected profitability

statement

46

Schedule no. 11

Projected profitability statement

Particulars YEARS

1st 2nd 3rd 4th 5th

A ) Sales 5,00,000 5,50,000 6,05,000 6,65,500 7,32,050

B )Cost of sale

Purchases 2,00,000 2,20,000 2,42,000 2,66,200 2,92,820

Wages 90,000 99,000 108,900 1,19,790 1,31,769

Power &Electricity 6,000 6,600 7,260 7,986 8,785

Repair&

maintenance

3,000 3,300 3,630 3,993 4,392

Total 2,99,000 3,28,900 3,61,790 3,97,969 4,37,766

C) income

Gross profit

2,01,000 2,21,100 2,43,210 2,67,531 2,94,284

D ) Expenses

Othere expenses(as per schedule)

58,300 64,130 70,543 77,597 85,357

Interest on loan (as per schedule)

30,520 23,800 17,080 10,360 3,640

Depreciation (as per

schedule )

20,750 12,338 8,432 6,409 5,206

Total-D 1,09,570 1,00,268 96,055 94,366 94,203

Net profit before tax ( C-D)

91,430 1,20,832 1,47,155 1,73,165 2,00,081

Less 25% tax 22,858 30,208 36,789 43,291 50,020

Net profit after tax

68,573 90,624 1,10,366 1,29,874 1,50,061

47

Project financial statement

48

Schedule No.12

Project financial statement

particular 1st y 2nd e 3rda 4thr 5ths

Capital 1,40,000 2,08,573 2,99,197 4,09,563 5,39,436

Net profit 68,573 90,624 110,366 129,874 150,061

Total 2,08,573 2,99,197 4,09,563 5,39,436 6,89,497

Term loan 1,96,000 1,48,000 96,000 48,000 -

Total 4,04,573 4,47,197 5,05,563 5,87,436 6,89,497

Fixed asset 69,250 56,913 48,480 42,071 36,904

Investment 1,00,000 1,25,000 1,50,000 1,75,000 2,00,000

Deposit 30,000 30,000 30,000 30,000 30,000

Current asset

Stock 30,000 40,000 60,000 1,00,000 1,50,000

Sundry debtors 1,00,000 1,10,000 1,21,000 1,33,100 1,46,410

Prelim expenses 10,000 10,000 10,000 10,000 10,000

Cash in hand 20,323 20,284 26,083 32,265 36,183

Cash in bank 45,000 55,000 60,000 65,000 80,000

Total

4,04,573 4,47,197 5,05,563 5,87,436 6,89,497

49

Project Fund Flow Statement

50

Schedule No.13

Projected fund flow statement

Particulars

YEARS

1st 2nd 3rd 4th 5th

Sources

Net profit

91,430 1,20,832 1,47,155 1,73,165 2,00,081

Depreciation

20,750 12,338 8,432 6,409 5,206

Own contribution

1,40,000

Term loan

2,40,000

Tatal

3,80,000 1,33,170 1,55,587 1,79,574 2,05,287

Application

Fixed asset

90,000

Deposite

30,000

Loan repayment

48,000 48,000 48,000 48,000 48,000

Interest on loan

30,560 23,800 17,080 10,360 3,640

Taxation

22,858 30,208 36,789 43,291 50,020

Investment

100,000 25,000 25,000 25,000 25,000

Increase in working

capital

58,582 6,162 28,718 52,923 78,627

Total

3,80,000 1,33,170 1,55,587 1,79,574 2,05,287

51

D.S.C.R

52

Schedule No.14

Debt service coverage ratio

Formula =

D.S.C.R= cash generation

Term loan obligation

Average D.S.C.R=1.53+1.77+2.09+2.51+3.08

5

Average D.S.C.R=2.2

Particulars

YEARS

1st 2nd 3rd 4th 5th

Net profit

68,573 90,624 1,10,366 1,29,874 1,50,061

Depreciaton

20,750 12,338 8,432 6,409 5,206

Intrest on loan

30,520 23,800 17,080 10,360 3,640

Total (A)

1,19,843 1,26,762 1,35,878 1,46,643 1,58,907

Repayment of loan 48,000 48,000 48,000 48,000 48,000

Interest 30,520 23,800 17,080 10,360 3,640

Total (B) 78,520 71,800 65,080 58,360 51,640

D.S.C.R (A/B) 1.53 1.77 2.09 2.51 3.08

53

Ratio

54

RATIO

The Comparative study of relationship between, Various

items of a financial statement, expressed as a ratio Revels the profitability

liquidity solvency as well as overall financial position of the enterprise.

Ratio can be workout by dividing one of the variable

of relationship with other variables & such ratio values is

compared with the standard in order to highlight deviation made

from those standards, In other words Ratios are relative figures

reflecting the relationship between variables & enables to draw

the conclusions regarding financial operations. Sometime there are

variations due to unreality of financial data or inaccuracy content

there in, Therefore before taking any decision on the basis of

ratio analysis, their reliability must be insured.

Ratio

Traditional Ratio Functional ratio

1. Profit &loss ratio 1.Liquidity ratio

2. Balance ratio 2. Solvency ratio

3. Inter statement ratio 3.Activity ratio

4.Profitability ratio

55

Profitability ratio

Gross profit ratio =Gross profit X 100

Sales

Interpretation

Above calculated ratio shows the gross profit in the project period ,gross

profit remain consistent during project period ,which gives desired value

Particulars

YEARS

1st 2nd 3rd 4th 5th

G/P

2,01,000

2,21,100

2,43,210

2,67,531

2,94,284

Sales

5,00,000

5,50,000

6,05,000

6,65,500

7,32,050

GP ratio

40

40

40

40

40

56

Profitability ratio

Net profit ratio =Net profit X 100

Sales

Interpretation

Net profit ratio shows the consistent increase during project period

,which showd loan repayment capacity of the business

Particulars

YEARS

1st 2nd 3rd 4th 5th

N /P

2,21,100

2,43,210

2,67,531

2,94,284

3,23,712

Sales

5,00,000

5,55,000

6,65,000

6,65,500

7,32,050

NP ratio

14

16

18

19.5

20.5

57

Graphical representation

58

1.Gross profit

Year 1st 2nd

3rd 4th

5th

gross profit

2,21,100 2,43,210 2,67,531 2,94,284 3,23,712

Interpretation-

Sale will be increased by 10%p.a of every year.

0

500000

1000000

1500000

2000000

2500000

3000000

3500000

1 2 3 4 5

Sales

year

sales

59

2.Net profit

Year 1st 2nd

3rd 4th

5th

Net Profit

68,573 90,624 1,10,366 1,29,874 1,50,061

INTERPRETATION- From the above ratio & graph it is Clear that

the Gross Profit is increasing by 10% p.a. of every year.

0

200000

400000

600000

800000

1000000

1200000

1400000

1 2 3 4 5

net profit

gross profit

60

3.increase in

DEBT SERVICE COVERAGE RATIO

Year 1st 2nd

3rd 4th

5th

D.S.C.R.

(A/B)

1.53 1.77 2.09 2.51 3.07

INERPRETATION-

D.S.C.R is important for any bank to see the loan

repayment capacity of business. If it is more than 1.5 then the business

loan capacity is good and any one can provide the loan to this business.

From the above graph it is clear that the D.S.C.R is

above 1.5 then bank must provide loan to this business.

0

0.5

1

1.5

2

2.5

3

3.5

4

1 2 3 4 5

D.S.C.R

D.S.C.R

61

Assumption

62

Assumptions

1.Cost of project

Term loan assumed rs .2,40,000

Own contribution assumed rs. 1,40,000

2.Term loan repayment

Repayment of loan is within five years.

Interest on loan is assumed 14%

3.revenune

Gross profit increased by 10%p.a every year

Sales & purchases increased by 10%p.a every year

Debtors increased by 20%p.a every year on sales.

4.depreciation

Rate of depreciation is assumed on the fixed asset as per base year

balance sheet Particulars rate of depreciation

1.computer 60%

2.Furniture 10%

3.Refrigerator 15%

4.Cycle 15%

5.Electronic scale 15%

6.Air cooler 20%

5.other expenses

All other expenses incurred are increased by 10% p.a every year

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6.salary

Two workers assumed with rs.3750 salary per month & increased

by 10% p.a every year

7. Taxation

Tax rate 25% p.a every year

8.Balance sheet

Investment on 1st year assumed rs.1,00,000 & increased by Rs

25,000 every year

Preliminary expenses are assumed Rs.10,000p.a & it is written off

Rs 10,000 p.a every year during project period

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Conclusion

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CONCLUSION

The above detail information which is provide in this project is

showing the financial position of business, It helps to financial

institution to understand how much fund required & it’s various

application of that fund.

With the help of this statement it is clear that there is growth in

business, increase in profit year by year and so smooth repayment

of loan is possible.

Implementation of this project provides employment and also

provides better services, facilities to society.

By analyzing and observing all the information, which is taken in

to consideration bank must accept and sanction loan proposal of

company.

Profitability of business is increasing every year so this project is

beneficial to society ,us and financial institution.

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Bibliography

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Bibliography

1. Base year annual report of “shah general store”

2. Reference books

Research methodology & project work management

by kulkarni .M.A

Financial management –Himalaya publication by kulkarni P.V

Financial Accounting –prof.suresh dhirud

Managing Accounting- prof.bhaskar naphade

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Annexure

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Document required for the loan

1) Project Report.

2) Entertainment Licenses

3) Lease Agreement of the shop of minimum five years.

4) Police Department Authorization Letter

5) Identity Prof of the owner

6) Residence Prof of the owner

7) Details of the account held in the band approached.

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