Laboratory Business Plan- 3rd Sem

An Business Plan on

Entrepreneurship Management “Sahyog Pathological Laboratory” Submitted To:

Submitted By: Group No. : 11 MBA-3rd SEM (CORE) Class: MBA CORE 4B

1

Group Members S.N.

Name

Roll No.

1

Sameer Narang

130

2

Sarthak Palkar

134

3

Shailesh Firke

135

4

Shalaka Rane

136

5

Sheetal Katkade

138

6

Siddharth Singh

149

2

TABLE OF CONTENT

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SR. NO 1 2 2.1 2.2 2.3 2.4 2.5 2.6 3 4 4.1 4.2 5 6 6.1 6.2 6.3 6.4 6.5 6.6 6.7 7 7.1 7.2 7.3 7.4 7.5 7.6 8 8.1 8.2 8.3 8.4 8.5 9 9.1 9.2 9.3 9.4

TOPIC Executive Summery The Company Genesis Mission Statement Business Objective, Market and Service Offerings Customer Pain Point Proprietary Technology Value Proposition The Team Certification NABL Certification Accreditation Process Operational Plan Marketing Plan Market Analysis Summary Market Research Market Segmentation Target Market Segment Strategy Service Business Analysis Competition and Buying Patterns Roll-Out Plan Strategic Plan Strategy and Implementation Summary Competitive Strategy Marketing Strategy Key Success Factors Future Service Risk Management Financial Plan Partnership Incorporation Details Profit Projection Utilization of Fund Break Even Analysis Financial Assumptions Appendices Certificate Lab Layout Profit and Loss Statement for 3 Years Balance Sheet for 3 Years

Laboratory Business Plan 4

PAGE NO. 1 2 2 2 3 4 5 6 8 10 13 14 14 14 15 16 16 16 17 17 17 18 19 19 20 21 22 23 24 25 26 27 30

Sahyog Pathological Laboratories (SPL) 1. Executive Summary: Pathological Laboratories today can expand and diversify as never before beyond their traditional services. Advancing technologies continuously produce new tests not only for the sick but also for the healthy and asymptomatic. Some of the multiple opportunities now open to Pathological labs include testing for government, community, school, and industry; reference testing and consulting for other laboratories; and running testing clinics at shopping malls. Sahyog Pathological laboratory will be a start-up company committed to providing the most convenient, friendliest blood testing service to the physicians and the people of the Kolad (Dist. Raigad). Sahyog Pathological laboratories will focus on quality management, reference systems, in vitro diagnostic testing (like ELISA Test), and antimicrobial susceptibility testing. The main fields range from laboratory measurement of quantities in samples of biological origin, testing the susceptibility of antimicrobial agents against bacteria involved in infectious disease, quality, competence, safety in the laboratory, and testing at the point-of-care. Benefits already realized through the technical committee’s work include the availability of standards for medical laboratories for implementing quality management systems based on the standards defined by National Accreditation Board for Testing and Calibration Laboratories (NABL) and The Bureau of Indian Standards (BIS). The new standards will intend to promote a common approach to the quality management of medical laboratories and to all aspects of operation, from identification to the collection to examination of clinical samples.

2. The Company 5

1. Genesis: Sahyog Pathological Laboratory will be formed and registered in Kolad (Dist. Raigadh), Maharashtra. Sahyog Pathological Laboratory will be a Partnership Entity owned by six members. Sahyog Pathological Laboratory will own an Area in Kolad to build its own Central Laboratory, which will be at the centre of the Raigad district. There currently is no laboratory within the nearby areas of Kolad, and doctors are forced to send their patients across villages to have blood drawn and analyzed. And this shows us the way to generate an idea of opening the Sahyog Pathological Laboratory in Kolad, which is at equidistance from most of the nearby villages. 2. Mission Statement: It is SPL' mission to serve local physicians with fast, accurate, private, reasonably priced blood testing services. SPL exists to exceed all of their customer's expectations. 3. Business Objectives, Market and Services Offerings: 3.1: Objectives SPL has established three significant objectives to pursue. • The first is securing 80% of the physicians in the Mangaon, Roha, Khalapur and Pen building as customers. • The second objective is to develop 20% of revenue from physicians who practice in the nearby vicinity. • The third objective is the desire to reach profitability with 12 months. This is especially important since SPL will be using own investments by the partners would like to see a positive ROI fairly soon. 3.2: Market SPL has identified four market segments to serve. • First is the large number of physicians that are practicing in the Mangaon, Roha, Khalapur and Pen. • Second are the Hospitals where SPL will lease space for sample collection centers.

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• The third group is direct customers who will be coming to main lab for testing. • The fourth are Insurance companies requiring medical checkups for policy holders. 3.3: Services SPL offers a comprehensive battery of blood tests for physician's patients. Several tests will be done in-house including: • CBC- A complete test of red blood cell count, white blood count and a platelet count. Each of these three can be ordered individually if needed. • Blood sugar test- Frequently requested for diabetics or possible diabetics. • Electrolyte testing- For patients who are on diuretics and there is concern that they may be losing too many of their electrolytes. • Creatine- Often used to check kidney functioning or to determine if there is heart or kidney problems. • Other types of blood analysis can be done with the specimen sent to a central lab for testing. 4. Customers Pain Point: Currently, when the doctors need blood work done, they have to send their patients to an off-site laboratory, which is far from the doctor's office and outside the village. The patient needs to travel long distance for the blood test to be done. And in some critical cases it is not possible for the patient to travel such a long distance and thus at least the facility for the blood collection should be provided in the hospitals of villages. Also the availability of trained professionals for blood collection at Hospitals is a major issue of concern. Thus to overcome this we have planned to open our laboratories in the central location i.e. Kolad, which is at equidistance from most of the villages and Talukas. The convenient central location of our laboratory will reduce the time and risk of customers. Also we have planned to lease the collection centers at hospitals of our target villages so that patients with critical conditions need not to visit our central laboratory for the blood sample collection. There are only few Pathology Laboratories in Raigadh District and that too with less or no advancements. Also it takes four to five days to send the reports of the testing to the desired location. In serious cases getting the 7

report on time is very much crucial and delay of four to five days could be danger for the patient. Thus it is required that testing report should be sent to the doctors within 24-48 hours so that preventive measures could be taken by the doctors on time. 5. Proprietary Technology: Sahyog Pathological Laboratories will be equipped with most advance technological instruments and techniques for the rapid and accurate testing and for quick report generation system. Some of the advance equipments required for Sahyog Medical Laboratories as the start up of the business is listed below: • • • • • • • • • • • • • • • • • • • • • • •

Distilling Water Still Furnaces Heating Mantle Hot Air Ovens Hot Air Sterilizers Hot Plate Humidity Cabinet Incubators Laboratory Balances Laminar Air Flow Magnetic Stirrer Rotator Shaker Vortex Mixer Water Bath Research Microscope Diagnostic Sets Elisa Kits Laryngoscopes , Oto-opthalmoscope set Otoscopes Proctoscopes Sphygmomanometers Stethoscopes etc.

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6. Value Proposition: Value Proposition Features of Sahyog Pathological Laboratory includes: • NABL and BIS certifications. • Convenience (blood can be drawn within the same building), • Faster service (there is no driving or transportation time to get the blood drawn), • Comparatively less and affordable pricing for testing. • The most commonly requested tests and analysis occurs at central laboratory guaranteeing results within 24 hours.

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3. THE TEAM Shailesh Firke (C. E. O.) aged 24 years, has completed his pharmacy form Mumbai University. He was working with Tata Consultancy services for Roche pharmaceuticals in clinical Trials. He has also completed his summer training from Pfizer and samarth pharmaceuticals. (MR) as a Trainee. He has also completed DMLT from Mumbai University and currently pursuing MBA in Marketing from. Siddharth Singh, (Operational Manager) age 24 years, has mastered in Biotechnology from Bangalore University. He had prior experience of two years as a micro biologist in Reliable Analytical Laboratory. He is currently pursuing his MBA in specialization in Marketing from. He has also done his summer training from CEAT Tyres Ltd. Sarthak Palkar, (Business Development officer) age 22 years. He has graduated in Bachelors of Science (specialization in Biotechnology) from Pillai’s College; New Panvel. He has worked as a Financial Advisor in Bajaj Alliance Insurance Company in the year 2007-08. He is currently pursuing its MBA, specialization in Marketing from. He has done his summer training from Bajaj Alliance, Panvel. Sameer Narang, (Marketing Manager) 23 years old, has done his graduation in Bachelors of commerce from Mumbai University. He has worked as an executive in Max New York Life Insurance Ltd. Currently pursuing its MBA in Marketing. He has done his summer internship in Max New York Life Insurance Ltd.

Shalaka Rane (Finance Head ), 23 years old, she has done her graduation in Bachelors of commerce(Specialization in Banking and insurance ) from KELKAR college of Commerce & Science, Mumbai University .She has worked as Quality Analyst in Syntel Global Pvt ltd. for one year. She is currently pursuing her MBA in Finance from. She has done her summer training from Abhyudaya Co-operative bank as Trainee.

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Sheetal katkade (Administration head), age 23 yrs,has graduated in IT from Ruparel College ,Mumbai university .she has prior experience of one year in Administrative Dept. at Accenture. She is currently pursuing MBA in HR from. She has done her summer training from Reliance Retail as Trainee.

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4. Certification: Laboratory accreditation is a process by which an authoritative body gives formal recognition of technical competence for specific tests/measurements, based on third party assessment and following international standards. 3.1: National Accreditation Board for Testing and Calibration Laboratories (NABL): “National Accreditation Board for testing and calibration Laboratories” (NABL), it is an autonomous body under the aegis of Department of Science & Technology, Government of India and is functioning since 1985 under Quality Council of India (QCI). It’s a sole accreditation body for testing and calibration laboratories authorized by Government of India, established with an objective to provide government, industry associations and industry in general with a scheme for third-party assessment of the quality and technical competence of testing and calibration laboratories. NABL maintains a linkage with International Laboratory Accreditation Co-operation (ILAC) & Asia Pacific Laboratory Accreditation Cooperation (APLAC). The National Accreditation Board for Testing and Calibration Laboratories (NABL) undertakes the assessment and accreditation of Testing and Calibration Laboratories, in accordance with the international standard ISO / IEC 17025 and ISO 15189. Accreditation areas: Testing: Biological, Chemical, Electrical, Electronics, Fluid-Flow, Mechanical, Non-Destructive Testing, Photometry, Radiological, Thermal, Forensic, Medical. Calibration: Electro-Technical, Mechanical, Fluid flow, Thermal & Optical, Radiological

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Achievements & International Linkages: The Board is a signatory of Mutual Recognition Arrangement (MRA) of International Laboratory Accreditation Co-operation (ILAC) and Asia Pacific Laboratory Accreditation Co-operation (APLAC). ISO 17025/IEC 17025: 1999: International Organisation for Standerdisation (ISO) 17025 (more specifically ISO/IEC International Electromechanical Commission 17025:1999) is an international standard for calibration and testing labs “General Requirements for the competence of testing and Calibration Laboratories”. It requires labs to demonstrate that they: • Operate a quality system covering processes, documentation and management. • Generate technically valid results taking account of the equipment, procedures, and personnel. The laboratories seeking accreditation are assessed on the basis of its capability to perform tests(s)/ calibration(s) and provide accurate and reliable results, in accordance with ISO/IEC 17025:1999 and relevant specific criteria.

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3.2 Accreditation Process:

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15

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5. Operational Plan Sahyog Pathological Laboratories offers routine blood tests on-site (Directly at collection centre) and more complex blood tests outsourced to a central lab. SPL will be located at Kolad which is at the centre of the Raigad district. Currently, when the doctors need blood work done, they have to send their patients to an off-site laboratory, a 15 minute drive from the doctor's office (As our laboratory is situated in the central location almost equidistance from all the target villages). Once Sahyog Pathological Laboratories is up a running the doctors will be able to send their patients to SPL's offices. For simple tests Sahyog Pathological Laboratories will do the analysis at the collection centre itself, for more complex blood work the specimens will be sent to an outsourced central laboratory. Sahyog Pathological Laboratories will offer the following tests at centre: Red blood cell count- Rs. 50 • White blood cell count- Rs. 50 • CBC (a more complete test that counts platelets in addition to white and red blood cell counts)- Rs. 100 • Blood sugar (suited for diabetics or people who are trying to determine if they have a blood sugar problem)- Rs. 150 • Electrolytes (for people on diuretics)- Rs. 200 • Creatine (tests for heart or kidney difficulties)- Rs. 200 •

If more extensive blood work is needed, blood will be drawn at the collection centre and sent to a central laboratory. Sahyog Pathological Laboratories will use a courier service that transports the samples in an ice cooler. The specimens are tested within 24-36 hours of receipt at the central lab and the results are returned to SPL via email.

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6. Marketing Plan 6.1 Market Analysis Summary Sahyog Patohological Laboratories has identified four market segments. • First is the large number of physicians that have a practice in the Mangaon, Roha, Khalapur and Pen. • Second are the Hospitals where SPL will lease space for sample collection centers. • The third group is direct customers who will be coming to main lab for testing. • The fourth are Insurance companies requiring medical checkups for policy holders. 6.2 Market Resarch Sahyog Pathological Laboratory has conducted preliminary market research through interview with Surpunch of Kolad village and some medical practitioners in the nearby vicinity. During the interviews few issues which came up were as follows: 1. Requirement of central laboratory. 2. Requirement of blood collection centers in hospitals. 3. Need to get the report within two days. 4. Blood testing at affordable price. 6.3 Market Segmentation Sahyog Patohological Laboratories will provide services geared to four distinct customer segments. 1. Physicians practicing in the Mangaon, Roha, Khalapur and Pen-

This segment is made up of physicians that practice medicine in offices that are located within the target villages (Taluka). There is a wide range of specialties represented, but predominantly primary care 18

and general practitioners. Most types of doctors need blood work done on their patients with some regularity. Target physicians have always just had to send their patients to another area of town to have blood drawn and analyzed. This is not convenient for their patients and is time consuming, so physicians in the near by vicinity would generally be quite happy if there were a blood laboratory at convenience distance from their place so that they could get the results as quickly as possible. 2. Hospitals (Sample Collection Centers) – SPL will provide the

facilities of direct collection centers in the hospitals of target villages and talukas. SPL will also provide quick testing facility at the collection centers for simple blood tests; whereas for the complicated testing requirement samples will be drawn at the collection centers by the experts and send to the central laboratory. 3. Direct Customers – SPL will also facilitates direct testing

requirements for the people of the villages (Like getting the blood test done for blood group and any other general tests). 4. Insurance Companies: SPL will have tie ups with the various

insurance companies as these companies require various tests for policy holders.

6.4 Target Market Segment Strategy It is fairly intuitive as to why physicians within the targeted villages will be targeted; they are the customers who would have the most demand for Sahyog Pathological Laboratories' services. Almost all types of doctors regularly have patients who need blood testing done. Assuming that the lab accepts most of the common types of medical insurance, the lab is generally chosen by being the most convenient for the patient since they are the ones who must travel to the lab to have the blood drawn. For physicians, Sahyog Pathological Laboratories would be the most convenient laboratory, being located within the nearby area. No longer would the doctor have to ask the patient to travel to have blood drawn.

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6.5 Service Business Analysis Blood laboratories all provide similar services. Most accept a wide range of insurance plans. Some do the tests in-house, others will outsource the tests. Where the tests are completed is not really that significant. To be competitive the labs need to have the tests completed within a couple of days at the most. This means it all comes down to convenience. Labs serve the physicians and doctors that are closest in terms of geographic proximity. In most cities/towns, you will see labs placed throughout the city serving the different clusters of physicians. SPL is different, or at least if different because since many years the people of Kolad and other nearby areas have been trying to have a laboratory locate within the same area to serve the large population of doctors. Kolad has had difficulty attracting qualified technical people, in this instance phlebotomists (blood drawing technicians) and chemical analyzers. This is the explanation for the absence of a blood laboratory in the targeted villages. The need has existed, just no one has "stepped up to the plate", at least not until now. 6.6 Competition and Buying Patterns In Kolad, at present there is no such kind of labs except one or two labs that too which are at the distance of 40km. Also the results provided by them would come after 4-5 days because of the distance and lack of talented staff. The closest competitor to Sahyog Patholgical Laboratories is Vinayak Laboratories located 40 km away from Kolad situated in Mangoan. This is the facility that 80% of the physicians in the Kolad and other nearby areas currently use. It is used by these physicians because of convenience, it was the closest laboratory. As mentioned earlier, blood testing service providers are chosen based on convenience, how close they are to the patients. Hours of operation (i.e. longer hours/evening hours) are insignificant since physicians are only available during traditional daytime office hours. 6.7ROLL-OUT PLAN We would start operating from January 2010 and after a gaining some experience we would target other villages and districts of Maharashtra. Further by 2017 we would expand our business to National level.

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7. Strategic Plan 7.1 Strategy and Implementation Summary Sahyog Pathological Laboratories will leverage their competitive edge of a convenient location within a large medical facility to help it quickly gain market share. SPL has developed a strategic marketing plan that will use several different methods to develop local awareness of it and the benefits offered. Sahyog Pathological Laboratories has also developed a sales strategy to help turn the qualified leads into clients by emphasizing the significant benefits that physicians can offer their patients by sending them to Sahyog Pathological Laboratories. 7.2 Competitive Strategy Sahyog Pathological Laboratories' competitive edge is convenience. In the blood analysis industry it is hard to differentiate yourself from competitors assuming a few basic levels of care and performance: You accept several popular insurance plans; otherwise many patients could not use your service. • You provide fast analysis; tests are completed and reported within 4860 hours at the most. • You provide accurate, precise results. •

If these basic, foundational levels of performance are met, then you are competitive. This is why convenience is so important and why it is an effective way of distinguishing one lab from another. The physician is looking for a way to get a blood sample from a patient that is easiest from the patient's perspective. Other factors include maintaining a high level of customer satisfaction. If these were not met it would not "kill the deal" but would decrease sales. Here are some important customer service elements that all employees of Sahyog Pathological Laboratories will emphasize: 7.3 Marketing Strategy Sahyog Pathological Laboratories will undertake a marketing strategy employing three means of communicating its new service offering:

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•

•

•

•

•

•

Direct Approach: Local physicians will receive a flyer announcing the opening of Sahyog Pathological Laboratories and detailing the services offered. A list of physicians is easily obtained through the local licensing board. Personal introductions to doctors in Hospitals in nearby vicinity. A representative from Sahyog Pathological Laboratories will visit all of the Hospitals within the target villages and talukas as a way of introducing SPL to the doctors. This will provide SPL with an opportunity to develop a personal relationship with doctors, something that is useful and valuable for service providers within a licensed industry. Advertisements. Ads will be placed in the regional flyer that all licensed physicians receive as members of their local chapter of the Indian Medical Association (IMA). Briefing during GramSabha. A representative from SPL will brief about the facilities and the services provided by SPL to the mass people of village. Sponsorships. Organizing\ various sports events like kabbadi, Cricket, etc. as these will attract many people and will serve as a good ground for publicity. Free Half Yearly Check Ups of the students in different Villages.

These customer service factors will certainly be taught to all employees to ensure the most positive patient experience. 7.4: Key Success Factors 1. Owned space in the centre location of target villages (Taluka). 2. Set up collection centers in Hospitals to outsource the more difficult

tests to central laboratry, ensuring fast service and good rates. 3. Follow a strict regime of accounting controls to help ensure profitability.

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7.5 FUTURE SERVICES: • In due course of time, as revenue increases our expansion plans will be to open more laboratories in other villages of Maharashtra. • Further we will expand our business to other states of India. • We are also planning to expand our business by adding the diagnostic facility and converting our pathological laboratory in Diagnostic Laboratory. 7.6 RISK MANAGEMENT: Market Risk: - Our primary research has shown customer’s acceptability of our service. Also as our laboratory is in central location and equidistance from most of the villages, we expect continuous growth and it reduces the risks of failure of business. Operational Risk: - As we are following the NABL & BIS certified standards and specification for laboratory testing procedures and safety measures, we can expect less chances of operational risks. But we need to design a rapid action system in case of critical incidences.

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8. Financial Analysis 8.1. Partnership Incorporation Details: The firm will be treated as a partnership firm and the six promoters of the business will become the partners of the firm. The partners will share profit and losses equally amongst themselves and will contribute capital in equal amounts. The partner will contribute Rs. 20, 00,000/ each. Sales Forecast 14000000 12000000 10000000 8000000 Rs. 6000000 4000000 2000000 0

Rs.

Year 1

Year 2

Year 3

Year

The first year income is Rs.79,53,200. It indicates that firm has incurred operating Expenses more. The firm will concentrate on reducing on operating expense for increasing the profit. The second year sales increase by 50.88% i.e. Rs.40,46,800 (Rs, 1,20,00,000-Rs.79,53,200). 40,46,800/79,53,200*100= 50.88%. The Third year we will estimate sales forecast 2.17%.

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8.2 PROFIT PROJECTION: 53.69%

60.00% 50.00% 40.00%

34.12%

40.02%

30.00%

%

20.00% 10.00% 0.00% Year 1

Year 2

Year3

• Working Notes:  Year 1 Profit After taxes = Net Profit/ Income Received *100 = 27,14,005/79,53,200*100 = 34.12%

 Year 2 Profit After taxes = Net Profit / Income Received *100 =48,02,154/1,20,00,000*100 = 40.02%

 Year 3 Profit After taxes = Net Profit / Income Received *100 = 65,83,287/1,22,60,732*100 = 53.69%

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8.3

Utilization of Fund

The initial cost of project is Rs. 64, 09,500. The partner will contribute Rs 20 lakh each. Particulars

Amount

Fixed Investment

55,09,500

Training to Labour

5,00,000

Advertising Expenses

1,00,000

Working Capital

3,00,000

Total

64,09,500

Working Notes;  Fixed Investment Consist of Land, Building, Computer, Electricity Generator & Machinery, Vehicle etc.

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8.4

Break Even Analysis

PARTICULARS

AMOUNT

Sales

79,53,200

Less: Variable Cost

45,10,400

Contribution

34,42,800

Profit Volume Ratio (P/V ratio) = Contribution / Sales *100 =34,42,800/ 79,53,200*100 = 43.28%

Break Even Analysis Fixed cost / PV ratio = 512450 / 43.28% = Rs. 11,84,034. The firm will achieve the BEP in the First year.

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8.5 Financial Assumption o Fixed Assets are stated at cost less accumulated depreciation. o Depreciation is provided using the Reducing Balancing Method (RBM). o The firm capitalized all costs relating to the acquisition and installation of fixed cost. o The financial statement is prepared to comply in all material aspect with all the applicable accounting principle in India as per applicable Accounting Standard. All the sales are made on cash basis.

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9. Appendix Appendix 9.1: NABL Certificate

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Appendix 9.2: Sahyog Pathological Laboratories Layout

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Appendix9.3: Profit and Loss Statement for 3 Years Profit & Loss Account for 2010-11 Dr. Particulars To Insurances Premium To Sales and Distribution To Marketing To Rent To Wages & Salaries To Stationeries To Maintenances Expenses To water charges To Electricity Expenses To Other Expense To Transport Expenses To Telephone Expenses To Carriage Expenses To fuel charges To Refreshment To Depreciation Building Computer Equipment Electricity Generator Furniture Vehicle To Advertising Expenses To Income Taxs@30% To Net profit C/d

Cr. Amount Particulars 1,00,000 By Income Received 10,00,000 5,00,000 1,46,400 25,00,000 20,000 42,000 4,000 96,000 40,000 16,000 24,000 22,000 80,000 20,000

Amount 79,53,200

55,000 1,48,000 1,02,950 40,000 1,500 65,000 1,00,000 1,16,345 27,14,005 79,53,200

79,53,200

Working notes: Profit After taxes = Net Profit / Income Received *100 = 27,14,005/79,53,200*100 = 34.12 31

Profit & Loss Account For 2011-12 Dr. Particulars To Insurances Premium To Sales and Distribution To Marketing To Rent To Wages & Salaries To Stationeries To Maintenances Expenses To water charges To Electricity Expenses To Other Expense To Transport Expenses To Telephone Expenses To Carriage Expenses To fuel charges To Refreshment To Depreciation Building Computer Equipment Electricity Generator Furniture Vehicle To Advertising Expenses To Income Taxs@30% To Net profit C/d

Cr. Amount

Particulars 1,20,000 By Income Received 7,00,000 3,00,000 2,10,000 30,00,000 32,000 52,000 7,600 1,22,000 45,000 20,000 30,000 27,000 1,00,000 22,000

Amount 1,20,00,000

4,950 88,800 92,655 36,000 1,275 58,500 70,000 20,58,066 48,02,154 1,20,00,000

Working notes: Profit After taxes = Net Profit/ Income Received *100 =48,02,154/1,20,00,000*100 = 40.02%

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1,20,00,000

Profit &Loss Account for 2012-13 Dr. Particulars To Insurances Premium To Sales and Distribution To Marketing To Rent To Wages & Salaries To Stationeries To Maintenances Expenses To water charges To Electricity Expenses To Other Expense To Transport Expenses To Telephone Expenses To Carriage Expenses To fuel charges To Refreshment To Depreciation Building Computer Equipment Electricity Generator Furniture Vehicle To Income Taxs@30% To Net profit C/d

Cr. Amount

Particulars By Income 1,30,000 Received 4,50,000 2,80,000 3,20,000 34,00,000 38,000 60,000 8,000 1,44,000 61,000 25,000 35,000 30,000 1,20,000 27,000

Amount 1,22,60,732

44,500 53,280 83,390 32,400 1,084 52,650 2,82,141 65,83,287 1,22,60,732

Working Notes: Profit After taxes = Net Profit / Income Received *100 = 65,83,287/1,22,60,732*100 = 53.69%

Appendix9.4: Balance Sheets for 3 Years 33

1,22,60,732

Balance sheet for 2010-11 Liabilities

Amount

Partner’s Capital Mr. Shailesh Firke Mr. Siddharth Singh

20,00,000 20,00,000

Mr. Sameer narang Mr. Sarthak palkar

20,00,000 20,00,000

Ms. Shalaka Rane Ms.Sheetal Katkade Net Profit

20,00,000 20,00,000 27,14,005

Assets Land Building Less: Depreiciation@10% Equipment Less: Depreiciation@10% Electricity Generator Less: Depreiciation@10% Computer Less: Depriciation@40% Vehicles Less: Depreiciation@10% Furniture Less: Depreiciation@15% Current Assets Cash Bank

1,47,14,00 5

Amount

Amount 2,00,000

5,50,000 55,000 1,029,500

4,95,000

1,02,950 4,00,000

9,26,550

40,000 3,70,000 1,48,000 6,50,000

3,60,000

65,000 10,000

5,85,000

1,500

8,500

2,22,000

39,16,955 80,00,000

1,47,14,005

Balance Sheet for 2011- 12

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Liabilities Partner’s Capital Mr. Shailesh Firke Mr. Siddharth Singh Mr. Sameer narang Mr. Sarthak palkar Ms. Shalaka Rane Ms.Sheetal Katkade Net Profit

Amount

Assets Land Building Less: 20,00,000 Depreiciation@10%

Amount

20,00,000 Equipment Less: 20,00,000 Depreiciation@10% 20,00,000 Electricity Generator Less: 20,00,000 Depreiciation@10%

9,26,550

20,00,000 Computer 48,02,154 Less: Depriciation@40% Vehicles Less: Depreiciation@10% Furniture Less: Depreiciation@15% Current Assets Cash Bank

Amount 2,00,000

4,95,000 4,950

4,45,500

92,655 3,60,000

8,33,895

36,000

3,24,000

2,22,000 88,800 5,85,000

1,33,200

58,500 8,500

5,26,500

1,275

7,225

1,68,02,154

48,31,834 95,00,000

1,68,02,154

Balance Sheet for 2012- 13 35

Liabilities Partner’s Capital Mr. Shailesh Firke Mr. Siddharth Singh Mr. Sameer narang Mr. Sarthak palkar Ms. Shalaka Rane Ms.Sheetal katkade Net Profit

Amount

Assets Land Building Less: 20,00,000 Depreiciation@10% 20,00,000 Equipment Less: 20,00,000 Depreiciation@10% 20,00,000 Electricity Generator Less: 20,00,000 Depreiciation@10% 20,00,000 Computer 6,583,287 Less: Depriciation@40% Vehicles Less: Depreiciation@10% Furniture Less: Depreiciation@15% Current Assets Cash Bank

1,85,83,287

Amount

Amount 2,00,000 4,45,500 44,550

40,050

8,33,895 83,390 3,24,000

75,050

32,400 1,33,200 53,280 5,26,500

2,91,600

52,650 7,225

4,73,850

1,084

7,16,141

79,920

4,706,667 1,20,00,000

1,85,83,287

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