Executive Summary

Soapy Rides is a prominent hand car wash serving the East Meadow, Long Island, NY
community. Soapy Rides will be run by unde Mar! "eshpande, o# the prominent "eshpande
#amily. he "eshpande #amily has been serving the Long Island area with a car repair business
and property development $management #or over %& years. Mar! will be leveraging the
incredible good will and brand recognition o# the "eshpande #amily name to 'uic!ly gain mar!et
penetration.
The Business
Soapy Rides will be providing customers with three services( e)terior car washing, , interior
cleaning, and detailing. Soapy Rides has no true competitors that are trying to o##er a high
'uality service #or a reasonable rate. Most are trying to compete on price alone. Soapy Rides*
ability to provide a high 'uality service, both in regards to the actual washing as well as
customer service is all based on their ability to #ind the best employees. +iring the best
employees is cost e##ective because it decreases +R costs associated with turnover and other
employee costs. +iring the best employees and ma!ing sure that they are well ta!en care o#
ensures that they in turn ta!e care o# the customers. Study a#ter study proves that a happy
employee is #ar more li!ely to provide the highest level o# customer service compared to an
employee who is not happy and #eels that they are being ta!en advantage o#.
The Customers
Soapy Rides will target three main groups o# customers( individual car owner and leasers, car
dealerships, and local businesses. he surrounding area is 'uite a##luent, ,&- o# the residents
earn over N.N/,&&&,&&& a year. 0onse'uently, they have nice cars and want them to loo! nice.
here are #ive di##erent car dealerships within a three1mile radius which will re'uire car washing
services #or the various #leets. Lastly, there are many di##erent local businesses that have
company cars and that re'uire clean appearances.
Management
he strength o# unde Mar!*s e)perience and his #amily*s name e'uity and assistance is Soapy
Rides* competitive edge as well as a signi#icant asset. Mar! has been involved in the #amily*s
car repair business #or the last ten years. +e has wor!ed his way through the organi2ation and
has been the manager #or the last #ive years overseeing operations o# N.N%3 million annually.
4e#ore the #amily venture, Mar! received his M45 #rom 0ornell 6niversity. 7ith %& years
invested in the community, the "eshpande #amily name has generated signi#icant value as a
#air, active member o# the community. Lastly, Soapy Rides will be able to leverage several o# the
"eshpande*s #or their business e)pertise.
Soapy Rides is positioning itsel# as the premier hand car wash serving the Long Island area.
Mar! has #orecasted a 3&- mar!et share. he business will generate a very high gross margin
and a modest net margin a#ter year one and com#ortable margin a#ter year three. 4y year three
the business will have developed a respectable yearly net pro#it.
2.1 Company Ownership
he company will be solely owned by unde "eshpande. Mar! has been in the car industry all
his li#e, having grown up in the #amily car repair business. +e came across the location in
East Meadow purely by accident and he #elt it would be a per#ect location #or a car wash
service.
2.2 Start-up Summary
he start1up e)penses #or Soapy Rides will be #inanced by Mar! "eshpande, #rom the pro#its he
made in selling his part o# the #amily car repair business. he property on +empstead Road will
be leased in 5pril 3&&% #or a minimum o# three years, with the option to e)tend the lease #or
another three years a#ter that.
Mar! is wor!ing with the #amily lawyer to set up incorporation and to discuss lease issues be#ore
the business is launched. +e is wor!ing with a local graphic designer to develop a logo,
letterhead, and company brochures. 5lthough Mar! has been in the car repair business, he has
not been in the wash and detailing business, which is a very di##erent service 8'uic! turnaround
per car is incredibly important9. :or this reason he is wor!ing with an ac'uaintance to set up the
system that will ensure e##icient service even during pea! usage.
Rent on the location has been negotiated and will be N.N%,3&&,&&& per month. In addition,
insurance #or the business will be appro)imately ;3&& per month and will be paid by direct debit
on a monthly basis. E)pensed e'uipment includes three high1power water pumps, two industrial
vacuum cleaners, two computer terminals, and one cash register. 5ll o# the e'uipment will
be depreciated over three years.
he location was previously used as a 'uic! stop automobile service shop, so it is set up to
move vehicles 'uic!ly through the premises, but does not have all the necessary systems in
place to host a car wash and detail #acility. he services o# a contracting company will be sought
to convert the use o# the #acility and to improve the customer waiting room #acilities.
Market na!ysis Summary
he car wash will be based in East Meadow, New Yor!. his area has a number o# bene#its in
terms o# the mar!et that it will provide #or the business. <ver ,&- o# households in the
immediate neighborhood earn over N.N/,&&&,&&& annually. Many people in the neighborhood
own and$or lease new cars and place great value on their cars and how they loo!. here are a
large number o# car dealerships in the area11#ive within three miles o# the proposed location #or
Soapy Rides.
".1 Market Segmentation
Soapy Rides segments its customers by type o# car ownership. 7e believe that the type o# car
that a person owns says volumes about their driving, and, there#ore their car washing and
detailing re'uirements.
%. #ew car owners( <wners o# newer cars are most li!ely to use a hand car washing
service. hese owners ta!e great pride in their cars and will bring them o#ten to the wash and
detail service. he goal with these customers is to promote regular use o# the wash and detail
service. he aim is to in#orm these customers that Soapy Rides will !eep their car loo!ing as
good as it did the day they drove it o## the lot.
3. O!$er !uxury car owners( hese people have either owned their high1end lu)ury cars
#or several years or are unable to a##ord the e)pense o# a new lu)ury car but want the #eel o#
rela)ed driving. 4oth o# these groups want to !eep their cars in the best shape possible. hose
who have bought second1hand cars will o#ten spend many hours in their cars and will place high
importance on !eeping their cars loo!ing good. hese owners will bring their cars in #or regular
washes and occasional details.
=. Sports car owners( hese people are o#ten younger or middle1aged men and will
regard the loo! o# their car as important. hey will also pride themselves on the loo! o# their car
and will have their car hand washed 8at least9 wee!ly. hese drivers will have an occasional
detail, but will !eep their cars so clean the detail will not be necessary very o#ten.
,. %i&etime owners( Many o# these people have owned their cars #or more than #ive or si)
years, and are more li!ely to be women. hey are attached to their cars as #riends and though it
may be more sensible #or them to purchase a new car, they will bring their car in #or a wash
occasionally, >ust when the car is dirty. hey li!e their cars to loo! presentable, and want to
!eep it in good shape but are not tied up in the loo! o# their car. :or this reason, they will not
have a detail carried out on their car unless they are selling it.
?. 'ea!erships( here are #ive new and used car dealerships within three miles o# the
proposed location o# Soapy Rides. hese dealerships o#ten use outside car wash services to
detail their vehicles be#ore they are put up #or sale. In addition, there are #i#teen other car
dealerships within a seven mile radius o# Soapy Rides.
@. %oca! (usinesses( Some local businesses have #leets o# cars and small vans that must
be !ept clean to maintain their company image. hese businesses will be loo!ing #or a cost
e##ective, e##icient car washing service to per#orm this service, and will pre#er to use a car wash
service during the wee! rather than during wee!ends, li!e the general public.
Mar!et 5nalysis
Year % Year 3 Year = Year , Year ?
Aotential 0ustomers .rowth 05.R
New 0ar <wners %&- /,3&& /,B3& C,/%3 B,?C= %&,?,% %&.&&-
<lder Lu)ury 0ar <wners %?- %3,?&& %,,=/? %@,?=% %B,&%% 3%,C@= %?.&&-
Sports 0ar <wners %?- @,?&& /,,/? C,?B@ B,CC? %%,=@C %?.&&-
Li#etime <wners %&- %/,&&& %C,/&& 3&,?/& 33,@3/ 3,,CB& %&.&&-
New and 6sed 0ar
"ealerships /- B %& %% %3 %= B.@=-
otal
%3.3C
- ,=,3&B ,C,,C& ?,,,3& @%,%%C @C,@/? %3.3C-
".2 Target Market Segment Strategy
he strategy behind Soapy Rides target segmentation is to attract customers who will be repeat
users and will #re'uent the business in the typically 'uiet times #or a car wash business. It will
not be di##icult to attract customers during the summer months and on the wee!ends, the
wee!days however, especially in the winter, people will not thin! about having their cars
washed. :or this reason, Soapy Rides will target people who will tend not to be restricted to
these busy times.
o 4usiness owners 8new car owners9 tend to be very busy people, but are o#ten able to
ma!e their own hours.
o Retired people 8older lu)ury car owners9 are not restricted by typical wor! schedules so
will be able to #re'uent the car wash during the wee!.
o "ealerships will need cars detailed and washed regardless o# the time o# the day and
wee!. his will supply a constant #low o# tra##ic.
o 4usinesses will need their #leet cars washed during the wee! during regular business
hours.
".) Service Business na!ysis
he hand car washing business in East Meadow consists o# many small competitors. Everything
#rom local children raising money #or their youth group on a Saturday by cleaning cars, to
the automatic car wash machines, are competition #or Soapy Rides. +owever, these two
alternatives aim to meet the needs o# the price1conscious individuals who are choosing the
service simply so they do not have to clean the car themselves. Soapy Rides on the other hand,
targets the 'uality1conscious individuals who value their car enough to spend N.N%&&&1
N.N%?&& per wee! to ma!e it loo! good.
".).1 Competition an$ Buying *atterns
here is one other hand car wash shop in East Meadow. It is 'uite new and is trying to compete
with automatic car washes by o##ering low prices. +owever, it is not targeting the customers who
see! 'uality cleaning.
he customers who Soapy Rides is targeting have their cars washed based on the 'uality o# the
>ob. hey do not mind spending a little more each wee! to have their car washed and wa)ed in
order to !eep the paint wor! in e)cellent shape. he businesses that Soapy Rides targets will be
more cost conscious, so prices will be appro)imately =&- less #or these customers to promote
volume usage.
Strategy an$ +mp!ementation Summary
he !ey di##erentiator #or Soapy Rides 0ar 7ash is Mar! "eshpande and his business and
personal connections within the East Meadow neighborhood. :or this reason, the sales and
mar!eting #ocus will be on a one1to1one basis, with the emphasis on gaining loyal and repeat
customers as D#riendsD o# the business. Soapy Rides, there#ore, will depend on word1o#1mouth
advertising #or the immediate community.
,.1 Competitive E$ge
Soapy Rides* competitive edge will be Mar! "eshpande and the 'uality o# the #amily name in
the East Meadow area. 5s mentioned, the #amily has been in the car business #or over =&
years, and has an e)cellent reputation and a myriad o# both business and personal contacts. In
addition, Mar! has put a great deal o# emphasis on creating a system that is both #ast and
e##icient, which will !eep costs, in terms o# time spent per car, to a minimum.
,.2 Sa!es Strategy
Sales strategy is on a one1to1one basis. 5ll customers will #eel they are a valued #riend o# Soapy
Rides, and that all employees care about the care and up!eep o# each vehicle. 7e must be
aware that there are low switching costs in the car washing industry, so we have to wor! hard to
develop and !eep repeat customers.
,.2.1 Sa!es -orecast
he #ollowing chart #orecasts sales based upon the Mar!et Segmentation Strategy. Sales are
seasonal in this industry, tending to be higher in the warmer summer months, and to drop o## in
the winter. +owever, we will aim to #latten sales across the sales cycle by
targeting segments that will want to !eep their cars clean and loo!ing good year round.
Sales :orecast
Year % Year 3 Year =
6nit Sales
:ull 7ash %,/@& 3,3CC 3,B/,
E)terior 7ash 3,&?& 3,@@? =,,@?
Interior 0lean //& %,&&% %,=&%
End 6ser "etail %3B %B= 3B&
4usiness :leet 7ashes @%? B3= %,=C,
0ar "ealership "etails ,B, @,3 B@=
otal 6nit Sales ?,C%C /,/%3 %&,=/@
6nit Arices Year % Year 3 Year =
:ull 7ash N.N %?.&& N.N %?.&& N.N %?.&&
E)terior 7ash N.N B.&& N.N %&.&& N.N %3.&&
Interior 0lean N.N C.&& N.N B.&& N.N B.&&
End 6ser "etail N.N %,&.&& N.N %,?.&& N.N %?&.&&
4usiness :leet 7ashes N.N %&.&& N.N %&.&& N.N %&.&&
0ar "ealership "etails N.N /&.&& N.N /?.&& N.N C&.&&
Sales
:ull 7ash
N.N
3@,,&&.&&
N.N
=,,=3&.&&
N.N
,,,@%@.&&
E)terior 7ash
N.N
%C,,?&.&&
N.N
3@,@?&.&&
N.N
,%,?/,.&&
Interior 0lean
N.N
@,%@&.&&
N.N
B,&&B.&&
N.N
%%,/%3.&&
End 6ser "etail
N.N
%C,&@&.&&
N.N
3/,BC?.&&
N.N
,=,,3?.&&
4usiness :leet 7ashes
N.N
@,%?&.&&
N.N
B,33?.&&
N.N
%=,C=C.&&
0ar "ealership "etails
N.N
=,,?C&.&&
N.N
,C,%?&.&&
N.N
//,&,&.&&
otal Sales
N.N
%&B,C&&.&&
N.N
%??,==B.&&
N.N
3=3,3&,.&&
"irect 6nit 0osts Year % Year 3 Year =
:ull 7ash N.N &./& N.N &.C& N.N &.B&
E)terior 7ash N.N &.,& N.N &.,? N.N &.?&
Interior 0lean N.N &.=& N.N &.=? N.N &.,&
End 6ser "etail N.N =.&& N.N =.?& N.N ,.&&
4usiness :leet 7ashes N.N &./& N.N &./? N.N &.C&
0ar "ealership "etails N.N =.&& N.N =.?& N.N ,.&&
"irect 0ost o# Sales
:ull 7ash
N.N
%,3=3.&&
N.N
%,C=&.&&
N.N
3,@//.&&
E)terior 7ash N.N C3&.&&
N.N
%,%BB.&&
N.N
%,/=3.&&
Interior 0lean N.N 3=%.&& N.N =?&.&& N.N ?3%.&&
End 6ser "etail N.N =C/.&& N.N @/@.&& N.N
%,%?C.&&
4usiness :leet 7ashes N.N ,=%.&& N.N @B3.&&
N.N
%,%&/.&&
0ar "ealership "etails
N.N
%,,C3.&&
N.N
3,3,/.&&
N.N
=,C?3.&&
Subtotal "irect 0ost o#
Sales
N.N
,,?C=.&&
N.N
@,BB,.&& %%,&,
,.) Mi!estones
he #ollowing table outlines the important milestones in the planning and implementation o#
Soapy Rides.
Milestones
Milestone
Start
"ate End "ate 4udget Manager
"epartmen
t
0omplete 4usiness Alan &3$&%$%& &?$&%$&%
N.N
1 540
"epartmen
t
Sign Rental 0ontract
=$3&$3&&
%
=$3&$3&&
%
N.N
,/?.&& Mar! <wner
0onvert Aremises &,$&%$&%
,$=&$3&&
%
N.N
1
0ontractor
s
0ontractor
s
+ire 0ar 7ash Sta##
,$3&$3&&
%
,$3&$3&&
%
N.N
3&&.&& Mar! <wner
+ire 5dmin Sta##
,$3&$3&&
%
,$3&$3&&
%
N.N
3&&.&& Mar! <wner
<pen #or 4usiness &?$&%$&% &?$&%$&%
N.N
1 Sta## Sta##
"istribute :lyers ,$3C$3&& &?$&?$&% N.N :riends :riends
% /?.&&
Aress Release
,$3B$3&&
%
,$3B$3&&
%
N.N
3?.&& Mar! <wner
:ollow1up on Aress
Release
,$=&$3&&
%
,$=&$3&&
%
N.N
1 Mar! <wner
otals
N.N
B/?.&&
Management Summary
Mar! "eshpande is the sole owner and manager o# Soapy Rides. In addition, he will be helped
8on an uno##icial basis9 by his #ather, 4arry "eshpande. 4arry has over =& years e)perience as
an entrepreneur, both in the car business and in property development and management.
Mar! will also have the assistance o# Eohn Shine, the #amily accountant, in creating a long1term
strategic vision #or the company. Eohn is a #amily #riend and has wor!ed with the "eshpande
#amily #or 3= years. +e has wor!ed with hundreds o# small1 and medium1si2ed businesses
during his career.
..1 *ersonne! *!an
Since car washing is a seasonal business, with business increasing in the warm summer
months, and being busier on the wee!ends than during the wee!, Soapy Rides will rely on both
temporary and part1time help. he company will hire one #ull1time car wash$detail specialist
and one #ull1time car wash specialist when it opens #or business. 5lthough it will rely on
temporary and part1time help, 'uality will not be compromised, since all washers and detailers
will receive thorough training. he company will also hire an administrative assistant who will
assist Mar! with paperwor! and act as a receptionist.
Aersonnel
Alan
Year % Year 3 Year =
<wner
N.N
%C,&&&.&&
N.N
=&,&&&.&&
N.N
,&,&&&.&&
0ar 7ashers
N.N
=&,3,&.&&
N.N
,=,=%3.&&
N.N
?%,%/,.&&
5dmin$Sales
N.N
%=,,,&.&&
N.N
%?,&&&.&&
N.N
33,&&&.&&
otal Aeople
N.N
1
N.N
1
N.N
1
otal Aayroll
N.N
@%,@C&.&&
N.N
CC,=%3.&&
N.N
%%=,%/,.&&
-inancia! *!an
he #ollowing plan outlines the #inancial development o# Soapy Rides. he business will be
initially #inanced by a personal investment by Mar! "eshpande and will #inance growth through
cash #low. his will mean that the company will grow more slowly than it could, but it will ensure
that Mar! retains control over the direction o# the company. In year three, it is hoped that the
company will be able to open a second location. It is envisioned that an outside loan or e'uity
#unding will be sought at that time.
/.1 +mportant ssumptions
he #inancial pro>ections #or Soapy Rides are based on the #ollowing assumptions. hese
assumptions are thought to be 'uite conservative, as are the #inancial #orecasts.
.eneral 5ssumptions
Year % Year 3 Year =
Alan Month % 3 =
0urrent Interest Rate
%&.&&
-
%&.&&
- %&.&&-
Long1term Interest
Rate
%&.&&
-
%&.&&
- %&.&&-
a) Rate
3?.,3
-
3?.&&
- 3?.,3-
<ther & & &
/.) *ro0ecte$ *ro&it an$ %oss
he #ollowing Aro#it and Loss table illustrates income and e)penses monthly #or the #irst year,
and annually #or the ne)t two years.
Aro :orma Aro#it and Loss
Year % Year 3 Year =
Sales
N.N
%&B,C&&.&&
N.N
%??,==B.&&
N.N
3=3,3&,.&&
"irect 0ost o# Sales
N.N
,,?C=.&&
N.N
@,BB,.&&
N.N
%%,&,/.&&
<ther
N.N
1
N.N
1
N.N
1
otal 0ost o# Sales
N.N
,,?C=.&&
N.N
@,BB,.&&
N.N
%%,&,/.&&
.ross Margin
N.N
%&?,3%C.&&
N.N
%,C,=,?.&&
N.N
33%,%?/.&&
.ross Margin -
N.N
&.B@
N.N
&.B@
N.N
&.B?
E)penses
Aayroll
N.N
@%,@C&.&&
N.N
CC,=%3.&&
N.N
%%=,%/,.&&
Sales and Mar!eting and <ther
E)penses
N.N
3,@&&.&&
N.N
%,??&.&&
N.N
%,/&&.&&
"epreciation
N.N
3,&/&.&&
N.N
3,&/&.&&
N.N
3,&/&.&&
Leased E'uipment
N.N
1
N.N
1
N.N
1
6tilities
N.N
=,=3?.&&
N.N
=,?&&.&&
N.N
=,/?&.&&
Insurance
N.N
%,C&&.&&
N.N
%,C&&.&&
N.N
%,C&&.&&
Rent
N.N
,,C&&.&&
N.N
?,?&&.&&
N.N
@,&&&.&&
Aayroll a)es
N.N
%?,,3&.&&
N.N
33,&/C.&&
N.N
3C,3B,.&&
<ther
N.N
1
N.N
1
N.N
1
otal <perating E)penses
N.N
B%,@B?.&&
N.N
%3,,C%&.&&
N.N
%?@,/CC.&&
Aro#it 4e#ore Interest and a)es
N.N
%=,?3=.&&
N.N
3=,?=?.&&
N.N
@,,=/&.&&
E4I"5
N.N
%?,?B3.&&
N.N
3?,@&?.&&
N.N
@@,,,&.&&
Interest E)pense
N.N
1
N.N
1
N.N
1
a)es Incurred
N.N
=,3&,.&&
N.N
?,CC,.&&
N.N
%@,=@%.&&
Net Aro#it
N.N
%&,=%C.&&
N.N
%/,@?%.&&
N.N
,C,&&B.&&
Net Aro#it$Sales B.,&- %%.=@- 3&.@C-
/." *ro0ecte$ Cash -!ow
he #ollowing 0ash :low table illustrates that i# Soapy Rides meets pro>ected sales, it will have
positive cash #low a#ter hal# a year o# operations
Aro :orma 0ash :low
Year % Year 3 Year =
0ash Received
0ash #rom <perations
0ash Sales
N.N
B=,==&.&&
N.N
%=3,&=C.&&
N.N
%B/,=/,.&&
0ash #rom Receivables
N.N
%=,&B/.&&
N.N
3%,B&3.&&
N.N
=3,,/&.&&
Subtotal 0ash #rom <perations
N.N
%&@,,3/.&&
N.N
%?=,B,&.&&
N.N
33B,C,=.&&
5dditional 0ash Received
Sales a), F5, +S$.S Received
N.N
1
N.N
1
N.N
1
New 0urrent 4orrowing
N.N
1
N.N
1
N.N
1
New <ther Liabilities 8interest1#ree9
N.N
1
N.N
1
N.N
1
New Long1term Liabilities
N.N
1
N.N
1
N.N
1
Sales o# <ther 0urrent 5ssets
N.N
1
N.N
1
N.N
1
Sales o# Long1term 5ssets N.N N.N N.N
1 1 1
New Investment Received
N.N
1
N.N
1
N.N
1
Subtotal 0ash Received
N.N
%&@,,3/.&&
N.N
%?=,B,&.&&
N.N
33B,C,=.&&
E)penditures Year % Year 3 Year =
E)penditures #rom <perations
0ash Spending
N.N
@%,@C&.&&
N.N
CC,=%3.&&
N.N
%%=,%/,.&&
4ill Aayments
N.N
==,&?3.&&
N.N
,@,C=/.&&
N.N
@/,/,=.&&
Subtotal Spent on <perations
N.N
B,,/=3.&&
N.N
%=?,%,B.&&
N.N
%C&,B%/.&&
5dditional 0ash Spent
Sales a), F5, +S$.S Aaid <ut
N.N
1
N.N
1
N.N
1
Arincipal Repayment o# 0urrent
4orrowing
N.N
1
N.N
1
N.N
1
<ther Liabilities Arincipal Repayment
N.N
1
N.N
1
N.N
1
Long1term Liabilities Arincipal
Repayment
N.N
1
N.N
1
N.N
1
Aurchase <ther 0urrent 5ssets
N.N
1
N.N
1
N.N
1
Aurchase Long1term 5ssets
N.N
1
N.N
1
N.N
1
"ividends
N.N
1
N.N
1
N.N
1
Subtotal 0ash Spent
N.N
B,,/=3.&&
N.N
%=?,%,B.&&
N.N
%C&,B%/.&&
Net 0ash :low
N.N
%%,@B?.&&
N.N
%C,/B%.&&
N.N
,C,B3/.&&
0ash 4alance
N.N
3&,=B?.&&
N.N
=B,%C@.&&
N.N
CC,%%3.&&
/., *ro0ecte$ Ba!ance Sheet
Soapy Rides* balance sheet illustrates a healthy #inancial position #or this new company. he
monthly estimates are included in the appendi).
Aro :orma 4alance Sheet
Year % Year 3 Year =
5ssets
0urrent 5ssets
0ash
N.N
3&,=B?.&&
N.N
=B,%C@.&&
N.N
CC,%%3.&&
5ccounts Receivable
N.N
=,=/=.&&
N.N
,,//3.&&
N.N
/,%==.&&
Inventory N.N N.N N.N
@@C.&& %,&%B.&& %,@&B.&&
<ther 0urrent 5ssets
N.N
%,&&&.&&
N.N
%,&&&.&&
N.N
%,&&&.&&
otal 0urrent 5ssets
N.N
3?,,=?.&&
N.N
,?,B/@.&&
N.N
B/,C?,.&&
Long1term 5ssets
Long1term 5ssets
N.N
%&,&&&.&&
N.N
%&,&&&.&&
N.N
%&,&&&.&&
5ccumulated "epreciation
N.N
3,&/&.&&
N.N
,,%,&.&&
N.N
@,3%&.&&
otal Long1term 5ssets
N.N
/,B=&.&&
N.N
?,C@&.&&
N.N
=,/B&.&&
otal 5ssets
N.N
==,=@?.&&
N.N
?%,C=@.&&
N.N
%&%,@,,.&&
Liabilities and 0apital Year % Year 3 Year =
0urrent Liabilities
5ccounts Aayable
N.N
=,&B/.&&
N.N
=,B%/.&&
N.N
?,/%@.&&
0urrent 4orrowing
N.N
1
N.N
1
N.N
1
<ther 0urrent Liabilities
N.N
1
N.N
1
N.N
1
Subtotal 0urrent Liabilities
N.N
=,&B/.&&
N.N
=,B%/.&&
N.N
?,/%@.&&
Long1term Liabilities
N.N
1
N.N
1
N.N
1
otal Liabilities
N.N
=,&B/.&&
N.N
=,B%/.&&
N.N
?,/%@.&&
Aaid1in 0apital
N.N
=&,&&&.&&
N.N
=&,&&&.&&
N.N
=&,&&&.&&
Retained Earnings
N.N
8%&,&?&.&&9
N.N
3@C.&&
N.N
%/,B%B.&&
Earnings
N.N
%&,=%C.&&
N.N
%/,@?%.&&
N.N
,C,&&B.&&
otal 0apital
N.N
=&,3@C.&&
N.N
,/,B%B.&&
N.N
B?,B3B.&&
otal Liabilities and 0apital
N.N
==,=@?.&&
N.N
?%,C=@.&&
N.N
%&%,@,,.&&
Net 7orth
N.N
=&,3@C.&&
N.N
,/,B%B.&&
N.N
B?,B3B.&&