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Budget for FY 2009-10

Scenarios
Particulars Pessimistic Realistic
Insurance Broking Wealth GRAND Insurance Broking Wealth
Corporate * Retail Management TOTAL Corporate Retail Management GRAND TOTAL
Manpower 8 560 14 12 810 15
Premium 555 1800 840 2400

Income 55.50 225.00 264.00 544.50 84.00 300.00 283.65 667.65

Total Revenue 55.50 225.00 264.00 544.50 84.00 300.00 283.65 667.65

Expenses
Salaries, Bonus and Other
Allowances 68.00 412.00 211.20 691.20 89.50 600.00 222.90 912.40
Rent 27.60 136.80 25.92 190.32 27.60 136.80 25.92 190.32
Telephone 2.00 115.00 2.40 119.40 3.60 115.00 2.40 121.00
Other Office Expenses 7.00 15.20 22.20 9.00 6.95 15.95
Other Unallocated
Expenses 150.00 150.00
Total Expenses 104.60 663.80 254.72 1,173.12 129.70 851.80 258.17 1,389.67

NET (49.10) (438.80) 9.28 (628.62) (45.70) (551.80) 25.48 (722.02)

Revenue to be booked 225.00 225.00 300.00 300.00

Total: Net + Revenue to


be Booked (49.10) (213.80) 9.28 (403.62) (45.70) (251.80) 25.48 (422.02)

ASSUMPTIONS

Depreciation not considered


Other allocated expenses would include IRDA Training fees ,Audit fees, payroll services, legal fees, any other license fees ,brokers insurance premium etc
Renewal premium income not considered. About 5% p.a for the Retail distribution.
The income from the previous FY policy not considered. (expected to be about Rs 6.0 mn)
The signon bonus of IPRU not considered
Rental As per actuals
Salaries Current market costs have been assumed.
The actual salary cost is dependent on the manpower requirement/ business environment
Other expenses Approximated actual costs
Coporate Broking The business premiums would be dependent on group relationships in the first year of operations

Average Earnings
Non Life Insurance 10%
Life Insurance 25%

Product
Sales Telecallers Operations Manager Research Support Staff
Retail Life Pessimistic 275 275 10
Realistic 400 400 10
Insurance Optimistic 550 550 10
Manpower Corporate Pessimistic 3 3 2
Realistic 7 3 2
Insurance Optimistic 10 3 2
Wealth Pessimistic 12 1 1
Realistic 13 1 1
Management Optimistic 17 1 1
In Rs Lacs

Optimistic
Insurance Broking Wealth GRAND
Corporate Retail Management TOTAL
15 1000 19
1400 3000

140.00 375.00 307.65 822.65

140.00 375.00 307.65 822.65

96.40 688.00 232.80 1,017.20


27.60 136.80 25.92 190.32
5.00 115.00 2.40 122.40
11.00 6.95 17.95

150.00
140.00 939.80 268.07 1,497.87

- (564.80) 39.58 (675.22)

375.00 375.00

- (189.80) 39.58 (300.22)

Total
560
810
1110
8
12
15
14
15
19
PROFITABLITY STATEMENT FOR A BRANCH F
Pessimistic Re
Particulars Q1 Q2 Q3 Q4 Total Q1

Mutual Fund 75.00 75.00 75.00 75.00 300.00 75.00


Insurance 240.00 240.00 240.00 240.00 960.00 240.00
Trading income (income) 3.00 3.00 3.00 3.00 12.00 3.00
PE / PMS / ST Pr 300.00 300.00 300.00 300.00 1,200.00 300.00
Total Income 66.00 66.00 66.00 66.00 264.00 61.69

Expenses

Salary 51.00 51.00 51.00 51.00 204.00 51.00


Reimbursements 1.80 1.80 1.80 1.80 7.20 1.80
Rent 6.48 6.48 6.48 6.48 25.92 6.48
Travelling Expenses 0.75 0.75 0.75 0.75 3.00 0.75
Telephone Landline 0.60 0.60 0.60 0.60 2.40 0.60
Other Expenses 0.30 0.30 0.30 0.30 1.20 0.30
Software Expenses 2.75 2.75 2.75 2.75 11.00 2.75
-
Total Expenses 63.68 63.68 63.68 63.68 254.72 63.68
-
(+/-) 2.32 2.32 2.32 2.32 9.28 (1.99)
-

Business Head 1
No of WM 11
Ops 1
Research 1
ATEMENT FOR A BRANCH FOR THE YEAR 2009-10
Realistic Optimistic
Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total

120.00 150.00 150.00 495.00 75.00 120.00 150.00 450.00 795.00


240.00 300.00 300.00 1,080.00 240.00 240.00 300.00 375.00 1,155.00
4.00 4.50 4.50 16.00 3.00 4.00 4.50 4.50 16.00
300.00 375.00 375.00 1,350.00 300.00 300.00 375.00 450.00 1,425.00
63.70 79.13 79.13 283.65 61.69 63.70 79.13 103.13 307.65

52.50 56.10 56.10 215.70 51.00 52.50 56.10 66.00 225.60


1.80 1.80 1.80 7.20 1.80 1.80 1.80 1.80 7.20
6.48 6.48 6.48 25.92 6.48 6.48 6.48 6.48 25.92
0.75 0.75 0.75 3.00 0.75 0.75 0.75 0.75 3.00
0.60 0.60 0.60 2.40 0.60 0.60 0.60 0.60 2.40
0.30 0.30 0.30 1.20 0.30 0.30 0.30 0.30 1.20
- - - 2.75 2.75 - - - 2.75
- - - - - - -
62.43 66.03 66.03 258.17 63.68 62.43 66.03 75.93 268.07
- - - - - - -
1.27 13.10 13.10 25.48 (1.99) 1.27 13.10 27.20 39.58
- -

1 1
12 16
1 1
1 1
Pessimistic Realistic

PARTICULARS QI QII QIII QIV Total QI QII


PREMIUM 200.00 300.00 400.00 900.00 1,800.00 300.00 500.00
INCOME 25.00 37.50 50.00 112.50 225.00 37.50 62.50
MANPOWER 550

TOTAL REVENUE 25.00 37.50 50.00 112.50 225.00 37.50 62.50

PERSONNEL EXPENSES
SALARIES , BONUS AND
OTHER ALLOWANCES 103.00 103.00 103.00 103.00 412.00 130.00 130.00
RENT 34.20 34.20 34.20 34.20 136.80 34.20 34.20

OTHER OFFICE EXPENSES** 28.75 28.75 28.75 28.75 115.00 28.75 28.75

MISCELLANEOUS EXPENSES
TOTAL EXPENSES 165.95 165.95 165.95 165.95 663.80 192.95 192.95
Revenue to be booked 25.00 37.50 50.00 112.50 225.00 37.50 62.50
NET (115.95) (90.95) (65.95) 59.05 (213.80) (117.95) (67.95)

** Includes electricity, telephone


Realistic Optimistic

QIII QIV Total QI QII QIII QIV Total


600.00 1,000.00 2,400.00 400.00 600.00 800.00 1,200.00 3,000.00
75.00 125.00 300.00 50.00 75.00 100.00 150.00 375.00
800 1,000

75.00 125.00 300.00 50.00 75.00 100.00 150.00 375.00

170.00 170.00 600.00 172.00 172.00 172.00 172.00 688.00


34.20 34.20 136.80 34.20 34.20 34.20 34.20 136.80

28.75 28.75 115.00 28.75 28.75 28.75 28.75 115.00

232.95 232.95 851.80 234.95 234.95 234.95 234.95 939.80


75.00 125.00 300.00 50.00 75.00 100.00 150.00 375.00
(82.95) 17.05 (251.80) (134.95) (84.95) (34.95) 65.05 (189.80)
Pessimistic Realistic
PARTICULARS QI QII QIII QIV Total QI
PREMIUM 30.00 75.00 150.00 300.00 555.00 40.00
INCOME 3.00 7.50 15.00 30.00 55.50 4.00
MANPOWER 8

TOTAL REVENUE 3.00 7.50 15.00 30.00 55.50 4.00

PERSONNEL EXPENSES
SALARIES , BONUS AND OTHER
ALLOWANCES 17.00 17.00 17.00 17.00 68.00 22.37
RENT 6.90 6.90 6.90 6.90 27.60 6.90
TELEPHONE 0.50 0.50 0.50 0.50 2.00 0.90
ELECTRICITY 0.25 0.25 0.25 0.25 1.00 0.25
OTHER OFFICE EXPENSES 0.75 0.75 0.75 0.75 3.00 1.00
MISCELLANEOUS EXPENSES 0.75 0.75 0.75 0.75 3.00 1.00
TOTAL EXPENSES 26.15 26.15 26.15 26.15 104.60 32.42
NET (23.15) (18.65) (11.15) 3.85 (49.10) (28.42)
Realistic Optimistic
QII QIII QIV Total QI QII QIII QIV Total
100.00 225.00 475.00 840.00 65.00 160.00 375.00 800.00 1,400.00
10.00 22.50 47.50 84.00 6.50 16.00 37.50 80.00 140.00
12 15

10.00 22.50 47.50 84.00 6.50 16.00 37.50 80.00 140.00

22.37 22.38 22.38 89.50 24.10 24.10 24.10 24.10 96.40


6.90 6.90 6.90 27.60 6.90 6.90 6.90 6.90 27.60
0.90 0.90 0.90 3.60 1.25 1.25 1.25 1.25 5.00
0.25 0.25 0.25 1.00 0.25 0.25 0.25 0.25 1.00
1.00 1.00 1.00 4.00 1.25 1.25 1.25 1.25 5.00
1.00 1.00 1.00 4.00 1.25 1.25 1.25 1.25 5.00
32.42 32.43 32.43 129.70 35.00 35.00 35.00 35.00 140.00
(22.42) (9.93) 15.07 (45.70) (28.50) (19.00) 2.50 45.00 -