Preliminary data

TOTAL INVESTMENT CAPITAL 30,000,000.00 100.00%

Increase over last year for working capital 0.00% 6.00% 6.00% 6.00% 6.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Annual investment rate for working capital 40.00% 46.00% 52.00% 58.00% 64.00% 69.00% 74.00% 79.00% 84.00% 89.00%
Monthly average investment rate for working capital 3.33% 3.83% 4.33% 4.83% 5.33% 5.75% 6.17% 6.58% 7.00% 7.42%
Cash Flow Projection for years
Years
Explication
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1. CASH ON HAND [Beginning of year] 0.00 28,296,666.60 29,198,319.55 31,341,390.91 32,775,425.54 34,738,585.44 37,100,933.93 42,189,734.56 45,644,401.07 49,923,332.87
2. CASH RECEIPTS
2.1. Cash from Sales, of which 11,080,000.00 13,016,466.64 15,183,126.17 18,178,006.73 20,976,272.35 23,969,623.95 27,454,691.11 33,329,890.30 38,341,296.90 44,431,766.25
2.1.1. Sales Agency 3,693,333.33 4,338,822.21 5,061,042.06 6,059,335.58 6,992,090.78 7,989,874.65 9,151,563.70 11,109,963.43 12,780,432.30 14,810,588.75
2.1.2. Buying Office 3,693,333.33 4,338,822.21 5,061,042.06 6,059,335.58 6,992,090.78 7,989,874.65 9,151,563.70 11,109,963.43 12,780,432.30 14,810,588.75
2.1.4. Commercial Agency 3,693,333.33 4,338,822.21 5,061,042.06 6,059,335.58 6,992,090.78 7,989,874.65 9,151,563.70 11,109,963.43 12,780,432.30 14,810,588.75
2.2. Investment capital 2,300,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.3. Working Capital 27,700,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3. TOTAL CASH RECEIPTS (2.1+2.2+2.3=3) 41,080,000.00 13,016,466.64 15,183,126.17 18,178,006.73 20,976,272.35 23,969,623.95 27,454,691.11 33,329,890.30 38,341,296.90 44,431,766.25
4. TOTAL CASH AVAILABLE [Before cash out] (1 + 3) 41,080,000.00 41,313,133.24 44,381,445.72 49,519,397.64 53,751,697.88 58,708,209.40 64,555,625.03 75,519,624.86 83,985,697.98 94,355,099.12
5. CASH PAID OUT
Rent office 74,232.00 74,232.00 74,232.00 74,232.00 74,232.00 74,232.00 74,232.00 74,232.00 74,232.00 74,232.00
Rent warehouse 130,944.00 130,944.00 130,944.00 130,944.00 130,944.00 130,944.00 130,944.00 130,944.00 130,944.00 130,944.00
Refundable deposit for rent office 12,372.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Refundable deposit for rent warehouse 21,824.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Planning office 220,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Planning warehouse 360,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
IT and communication equipment 400,000.00 0.00 0.00 400,000.00 0.00 0.00 0.00 400,000.00 0.00 0.00
Net wages & Salary 745,752.00 746,000.00 746,000.00 746,000.00 746,000.00 746,000.00 746,000.00 746,000.00 746,000.00 746,000.00
Payroll taxes, CAS, CASS 620,196.00 621,000.00 621,000.00 621,000.00 621,000.00 621,000.00 621,000.00 621,000.00 621,000.00 621,000.00
Meal tickets 39,600.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00
Purchasing Car 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Advance leasing cars 200,508.00 0.00 0.00 200,508.00 0.00 0.00 0.00 200,508.00 0.00 0.00
Monthly lease rate for car 128,580.00 129,000.00 129,000.00 129,000.00 129,000.00 129,000.00 129,000.00 129,000.00 129,000.00 129,000.00
Monthly Insurance for car 36,768.00 37,000.00 37,000.00 37,000.00 37,000.00 37,000.00 37,000.00 37,000.00 37,000.00 37,000.00
Management fee for car leasing 535.00 0.00 0.00 535.00 0.00 0.00 0.00 535.00 0.00 0.00
Logistics fee for car leasing 261.00 0.00 0.00 261.00 0.00 0.00 0.00 261.00 0.00 0.00
Car pollution fee 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00
Registration fee for cars 2,100.00 0.00 0.00 2,100.00 0.00 0.00 0.00 2,100.00 0.00 0.00
Purchasing warehouse equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Advance leasing for warehouse equipment 93,000.00 0.00 0.00 93,000.00 0.00 0.00 0.00 93,000.00 0.00 0.00
Monthly lease rate for warehouse equipment 59,640.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00
Monthly Insurance for warehouse equipment 17,052.00 17,100.00 17,100.00 17,100.00 17,100.00 17,100.00 17,100.00 17,100.00 17,100.00 17,100.00
Management fee for warehouse equipment leasing 248.00 0.00 0.00 248.00 0.00 0.00 0.00 248.00 0.00 0.00
Logistics fee for warehouse equipment leasing 261.00 0.00 0.00 261.00 0.00 0.00 0.00 261.00 0.00 0.00
Warehouse equipment pollution fee 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Registration fee for warehouse equipment 1,200.00 0.00 0.00 1,200.00 0.00 0.00 0.00 1,200.00 0.00 0.00
Purchasing trucks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Advance leasing for trucks 467,604.00 0.00 0.00 467,607.00 0.00 0.00 0.00 467,600.00 0.00 0.00
Monthly lease rate for trucks 299,844.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Monthly Insurance for trucks 85,728.00 86,000.00 86,000.00 86,000.00 86,000.00 86,000.00 86,000.00 86,000.00 86,000.00 86,000.00
Management fee for trucks 1,247.00 0.00 0.00 1,247.00 0.00 0.00 0.00 1,247.00 0.00 0.00
Logistics fee for trucks 261.00 0.00 0.00 261.00 0.00 0.00 0.00 261.00 0.00 0.00
Trucks pollution fee 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Registration fee for trucks 2,200.00 0.00 0.00 2,200.00 0.00 0.00 0.00 2,200.00 0.00 0.00
Business travels - in Romania 619,200.00 620,000.00 620,000.00 620,000.00 620,000.00 620,000.00 620,000.00 620,000.00 620,000.00 620,000.00
Advertising 180,000.00 180,000.00 180,000.00 180,000.00 180,000.00 180,000.00 180,000.00 180,000.00 180,000.00 180,000.00
Fairs, exhibitions and symposiums 360,000.00 360,000.00 360,000.00 360,000.00 360,000.00 360,000.00 360,000.00 360,000.00 360,000.00 360,000.00
Foreign business travels 420,000.00 420,000.00 420,000.00 420,000.00 420,000.00 420,000.00 420,000.00 420,000.00 420,000.00 420,000.00
Fuel 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00
Telephone subscription 18,600.00 18,600.00 18,600.00 18,600.00 18,600.00 18,600.00 18,600.00 18,600.00 18,600.00 18,600.00
Telephone calls 8,400.00 8,400.00 8,400.00 8,400.00 8,400.00 8,400.00 8,400.00 8,400.00 8,400.00 8,400.00
Mobile subscription 74,544.00 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00
Mobile calls 37,200.00 37,200.00 37,200.00 37,200.00 37,200.00 37,200.00 37,200.00 37,200.00 37,200.00 37,200.00
Internet fix subscription 4,644.00 4,700.00 4,700.00 4,700.00 4,700.00 4,700.00 4,700.00 4,700.00 4,700.00 4,700.00
Mobile Internet subscription 8,484.00 8,500.00 8,500.00 8,500.00 8,500.00 8,500.00 8,500.00 8,500.00 8,500.00 8,500.00
e-Fax subscription 1,788.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00
Maintenance office 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
Maintenance warenhouse 104,160.00 104,200.00 104,200.00 104,200.00 104,200.00 104,200.00 104,200.00 104,200.00 104,200.00 104,200.00
Utilities for office 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00
Utilities for warehouse 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00
Office supplies 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00 36,000.00
Insurance 720,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00
Taxes (Real Estate, etc.) 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00 14,400.00
Human Resources service 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
Accountant service 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00
Linear depreciation 86,400.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00
Miscellaneous 144,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
SubTotal Company Expenses 7,684,177.00 5,033,676.00 5,033,676.00 6,203,104.00 5,033,676.00 5,033,676.00 5,033,676.00 6,203,097.00 5,033,676.00 5,033,676.00
Purchases (Merchandise) 27,700,000.00 28,296,666.60 29,198,319.55 31,341,390.91 32,775,425.54 34,738,585.44 37,100,933.93 42,189,734.56 45,644,401.07 49,923,332.87
Interest 1,221,664.61 1,221,664.61 1,221,664.61 1,221,664.61 1,221,664.61 1,221,664.61 1,221,664.61 1,221,664.61 1,221,664.61 1,221,664.61
Loan Principal Payment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30,000,000.00
xxxx 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
6. TOTAL CASH PAID OUT 36,605,841.61 34,552,007.21 35,453,660.16 38,766,159.52 39,030,766.15 40,993,926.05 43,356,274.54 49,614,496.17 51,899,741.68 86,178,673.48
7. CASH POSITION [End of year] (4 minus 6) 4,474,158.39 6,761,126.03 8,927,785.56 10,753,238.12 14,720,931.74 17,714,283.34 21,199,350.50 25,905,128.69 32,085,956.29 8,176,425.64
8. Profit before tax 4,474,158.39 6,761,126.03 8,927,785.56 10,753,238.12 14,720,931.74 17,714,283.34 21,199,350.50 25,905,128.69 32,085,956.29 8,176,425.64

9. Profit tax % 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00%
10. Value tax profit 715,865.34 1,081,780.16 1,428,445.69 1,720,518.10 2,355,349.08 2,834,285.34 3,391,896.08 4,144,820.59 5,133,753.01 1,308,228.10

11. Net Profit 3,758,293.05 5,679,345.86 7,499,339.87 9,032,720.02 12,365,582.66 14,879,998.01 17,807,454.42 21,760,308.10 26,952,203.29 6,868,197.54

12. Dividend tax % 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00%
13. Value of dividend tax 601,326.89 908,695.34 1,199,894.38 1,445,235.20 1,978,493.23 2,380,799.68 2,849,192.71 3,481,649.30 4,312,352.53 1,098,911.61
14. Dividends after tax 3,156,966.16 4,770,650.53 6,299,445.49 7,587,484.82 10,387,089.43 12,499,198.33 14,958,261.71 18,278,658.81 22,639,850.76 5,769,285.93

15. Health tax % 5.50% 5.50% 5.50% 5.50% 5.50% 5.50% 5.50% 5.50% 5.50% 5.50%

16. Value health tax 173,633.14 262,385.78 346,469.50 417,311.66 571,289.92 687,455.91 822,704.39 1,005,326.23 1,245,191.79 317,310.73
17. Dividend distributed 2,983,333.02 4,508,264.75 5,952,975.99 7,170,173.15 9,815,799.51 11,811,742.42 14,135,557.32 17,273,332.57 21,394,658.97 5,451,975.21

18. Dividend for the investor % 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00%

19. Value Dividend for the investor 1,789,999.81 2,704,958.85 3,571,785.59 4,302,103.89 5,889,479.71 7,087,045.45 8,481,334.39 10,363,999.54 12,836,795.38 3,271,185.12
20. Dividend for the borrower % 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
21. Value Dividend for the borrower 1,193,333.21 1,803,305.90 2,381,190.40 2,868,069.26 3,926,319.81 4,724,696.97 5,654,222.93 6,909,333.03 8,557,863.59 2,180,790.08

22. Dividend reinvested by the Borrower % 50.00% 50.00% 90.00% 50.00% 50.00% 50.00% 90.00% 50.00% 50.00% 50.00%
23. Value Dividend reinvested by the Borrower 596,666.60 901,652.95 2,143,071.36 1,434,034.63 1,963,159.90 2,362,348.48 5,088,800.63 3,454,666.51 4,278,931.79 1,090,395.04
24. Dividend remained available to the borrower 596,666.60 901,652.95 238,119.04 1,434,034.63 1,963,159.90 2,362,348.48 565,422.29 3,454,666.51 4,278,931.79 1,090,395.04
25. Total annual amount given by the investor 3,011,664.42 3,926,623.46 4,793,450.20 5,523,768.50 7,111,144.32 8,308,710.06 9,702,999.00 11,585,664.15 14,058,459.99 34,492,849.73
26. The total amount given by the investor / invested capital 10.04% 13.09% 15.98% 18.41% 23.70% 27.70% 32.34% 38.62% 46.86% 114.98%

27. Return on Investment - (ROI) - = Net profit / total investment × 100 12.53% 18.93% 25.00% 30.11% 41.22% 49.60% 59.36% 72.53% 89.84% 22.89%