ESTIMATED & PROJECTED

FINANCAIL STATEMETS
OF

M/S SAURABH GAS AGENCY

PROP. MR BHASKAR SAHEBRAO KEDARE
SHOP NO. 05 & 06 GAJANAN COMPLEX, GARKHEDA AREA
GAJANAN MAHARAJ MANDIR ROAD,
DIST.AURANGABAD(MAHARASHTRA)

Prepared by :

SUNIL SALUNKE & ASSOCIATES

CHARTERED ACCOUNTANTS
5-6-3, Laxmi Sankul, Nr.St.Eknath Rang Mandir
New Osmanpura, Aurangabad.

M/S SAURABH GAS AGENCY

PROFIT & LOSS ACCOUNT
(Amt In Lacs)
PARTICULARS

YEAR
ESTIMATED
2016-17

A) INCOME

PROJECTED
2017-18

PROJECTED
2018-19

1024.80

1216.56

1427.50

1024.80

1216.56

1427.50

Cost Of Goods Sold

(As per Schedule)
Salary
Electricity
Delivery Charges
Postage & Telephone
Traveling & Conveyance
Office & Administrative Exp.
Printing & Stationery
Advertisement
Office Rent
Interest on Term Loam
Interest on Vehcile Loan
Interest on Cash Credit
Depreciation

963.36

1145.43

1346.71

12.00
0.30
15.00
0.60
1.08
5.00
0.70
0.20
2.40
1.23
0.25
0.61
4.35

13.44
0.33
16.50
0.66
1.19
5.50
0.77
0.22
2.64
0.98
0.41
0.98
1.98

15.05
0.36
18.15
0.73
1.31
6.05
0.85
0.24
2.90
0.74
0.32
0.98
1.69

TOTAL EXPENDITURE

1007.08

1191.02

1396.07

Gross Receipts
(As per Schedule)

TOTAL INCOME
B) EXPENDITURE

PROFIT BEFORE TAX

INCOME TAX PROVISION

17.72
3.57

25.54
5.91

31.42
7.68

NET PROFIT AFTER TAX

14.16

19.63

23.75

SALES/ INCOME (SCHEDULE)

ESTIMATED
2016-17
SALES
Gas Refiling
New Connection
TOTAL INCOME

PROJECTED
2017-18

(Amt. In Lacs)
PROJECTED
2018-19

892.80
132.00

1071.36
145.20

1267.78
159.72

1024.80

1216.56

1427.50

COST OF GOODS SOLD (SCHEDULE)

ESTIMATED
2016-17
OPENING STOCK
Gas Refiling

PURCHASES
Gas Refiling
New Connection
LESS: CLOSING STOCK
Gas Refiling

PROJECTED
2017-18

(Amt. In Lacs)
PROJECTED
2018-19

6.39
6.39

11.72
11.72

13.86
13.86

860.69
108.00
968.69

1028.78
118.80
1147.58

1217.19
130.68
1347.87

11.72
11.72

13.86
13.86

15.02
15.02

COST OF GOODS SOLD

963.36

1145.43

1346.71

QUANTITY WISE TRADING ACCOUNT

PARTICULARS

RATE
Qty.

OPENING STOCK
Gas Refiling

594.00

0.00

2016-17
Rate
594.00

0.00
PURCHASES
Gas Refiling
New Connection

594.00
4500.00

GROSS PROFIT
TOTAL
SALES
Gas Refiling
New Connection

CLOSING STOCK
Gas Refiling

TOTAL

1.46
0.02
1.48

594.00
4500.00

1.48

Total

Qty.

6.39

0.02

6.39

0.02

860.69
108.00
968.69

1.73
0.03
1.76

61.44
487.67

1.78

2017-18
Rate
594.00

594.00
4500.00

Total

Qty.

11.72

0.02

12.71

0.02

1028.78
118.80
1147.58

2.05
0.03
2.08

70.14
597.15

2.10

(Rs. In lacs)
2018-19
Rate
Total
594.00

14.06
13.86

594.00
4500.00

1217.19
130.68
1347.87
80.78
717.46

620.00
5500.00

1.44
0.02
1.46

620.00
5500.00

892.80
132.00
1024.80

1.73
0.03
1.75

620.00
5500.00

1071.36
145.20
1216.56

2.04
0.03
2.07

620.00
5500.00

1267.78
159.72
1427.50

594.00

0.02

594.00

11.72

0.02

594.00

13.86

0.03

594.00

15.02

0.02

11.72

0.02

13.86

0.03

15.02

1.48

1036.52

1.78

1230.42

2.10

1442.52

CAPITAL ACCOUNT
(Rs. In lacs)

Less:Withdrawals

Estimated
2016-17
50.92
14.16
1.70
66.78
6.00

Projected
2017-18
60.78
19.63
0.00
80.40
9.00

Projected
2018-19
71.40
23.75
0.00
95.15
12.00

Closing Balance

60.78

71.40

83.15

Particulars
Opening Balance
Add:Net Profit
Add:Capital Introduced

FIXED ASSETS & DEPRECIATION

(RS. IN LACS)

PARTICULARS
% of Dep
W.D.V.-16
Add: D.Y.
Dep-17
W.D.V.-17
Dep-18
W.D.V.-18
Dep-19
W.D.V.-19

AGRI.
LAND
0.00%
3.94
0.00
0.00
3.94
0.00
3.94
0.00
3.94

PLOT NO. 14
& 15
0.00%
13.29
0.00
0.00
13.29
0.00
13.29
0.00
13.29

BUILDING
10.00%
11.15
0.00
1.11
10.04
1.00
9.03
0.90
8.13

GODOWN
10.00%
2.24
0.00
0.22
2.02
0.20
1.81
0.18
1.63

OFFICE
EQUIPMEN
TS
VECHILCE COMPUTER
15.00%
15.00%
60.00%
0.25
1.94
0.51
0.00
4.86
0.00
0.04
2.67
0.31
0.21
4.13
0.20
0.03
0.62
0.12
0.18
3.51
0.08
0.03
0.53
0.05
0.15
2.98
0.03

TOTAL
33.32
4.86
4.35
33.83
1.98
31.85
1.69
30.16

BALANCE-SHEET
AS ON 31 ST MARCH
(RS. IN LACS)
LIABILITY

YEARS
ESTIMATED
2016-17

PROJECTED
2017-18

PROJECTED
2018-19

1.OWN CAPITAL

60.78

71.40

83.15

2.SECURED LOAN
SBH C.C. A/C
SBH TERM LOAN
SBH VEHICLE LOAN

10.00
7.28
3.00

10.00
5.45
2.37

10.00
3.63
1.74

3.UNSECURED LOAN

3.80

3.80

3.80

4.CURRENT LIABILITIES &

PROVISIONS

1.00

1.10

1.21

85.85

94.13

103.53

TOTAL
ASSETS

ESTIMATED
2016-17

YEARS
PROJECTED
2017-18

PROJECTED
2018-19

1. FIXED ASSETS

33.83

31.85

30.16

2. CURRENT ASSETS
Invetsment
Advances To Suppliers
Closing Stock

15.22
16.00
11.72

21.22
17.00
13.86

28.22
18.50
15.02

Sundry Debtors
Cash/ Bank Balance

TOTAL

5.21
3.88

6.25
3.94

7.40
4.23

85.85

94.13

103.53

For Saurabh Gas Agency

Proprietor