Financial Model Template

8/8/2019 Financial Model Template

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Financial Model Dashboard

Key Details

Name of the Company

Last Balance Sheet Date

Model Currency

Trading Statistics

Last Closing Price

52 Week High

52 Week Low

Shares Outstanding

Scenarios

Revenue Buildup Scenario 3

Scenario I - Worst Case

Scenario II - Base Case

Scnerario III - Management Case

Forecasting Method 1

Capex Scenario 1

Regular Capex - Own Stores

Specific Capex - New Mfg. Facility

Loans & Interest Rates

Prime Lending Rate

Interest Rates

ECI Bank - Term Loan

EDFC Bank - WC Loan

Promoter Loan

Working Capital Financing Limit

% of Capital funded by term loan

Term Loan Repayment period

Interest income on ST investments


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Capex & Depreciation

Specific Capex

Routine Capex

Depreciation Method (as per Companies Act, 19 1

SLM (Life)

WDVIncome Tax Act, 1961

WDV Rate

Additional Depreciation

Others & P / L related

Corporate Tax Rate

MAT Rate

Minimum Cash as a % of Sales


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Time Machine Watch Co. Ltd.

3990300%

INR crore

Rs.435

Rs.1,018

Rs.231

4.46 crore

Scnerario III - Management Case

Last 3 years average

Regular Capex - Own Stores

11%

11%

12%

60%

70%

6 years

4%


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Rs.1,000crore

2%

SLM (Life)

10 years

12%

40%

20%

31%

18.54%


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0 HistoFinancial Model 2007A 2008A

Profit & Loss Account

P&L Related Assumptions

YoY Growth in Net Revenue 24.8% 28.7%

Scenario I - Worst Case

Decrease p.a.

Scenario II - Base Case

Scneraio III - Management Case

Increase p.a.

VAT as % of Net Revenue 3.4% 2.9%

Materials Consumed as % of Net Revenue 70.3% 69.1%Manufacturing Expenses as % of Net Revenue 7.2% 7.6%

SG&A as a % of Net Revenue 8.3% 8.3%

Royalty as a % of Net Revenue 1.2% 1.2%

Other Operating Expenses as a % of Net Revenue 3.1% 2.8%

Other Operating Expenses as a % of SG & A 37.3% 33.9%

Other Operating Expenses - Growth % - 16.4%

Effective Tax Rate 24.8% 24.9%

Dividends as % of Net Profits 14.3% 8.9%

Dividend as a % of Share Capital (DPS) 17.9% 17.9%

Dividend as a % of FCFF

Working Capital Related Assumptions

Inventory T/O 145 days 124 days

Debtors T/O 99 days 96 days

Creditors T/O 179 days 159 days

Provisions as a % of Gross Revenue 1.6% 1.8%

Capex Related Assumptions

Capex as % of Net Revenue - Scenario I 4%

Capex as % of Net Revenue - Scenario II


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Specific Capex of 1000 crore (in % terms)

Specific Capex (in absolute terms)


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ricals

2009A 2010A 2011E 2012E 2013E 2014E 2015E

45.1% Err:502 31.7% 36.7% 41.7% 46.7% 51.7%

26.7% 22.7% 18.7% 14.7% 10.7% 6.7%

4.0%

26.7% 26.7% 26.7% 26.7% 26.7% 26.7%

26.7% 31.7% 36.7% 41.7% 46.7% 51.7%

5.0%

2.2% Err:502 Err:502 Err:502 Err:502 Err:502 Err:502

68.0% Err:502 69.1% 69.1% 69.1% 69.1% 69.1%8.0% 7.6% 7.6% 7.6% 7.6% 7.6% 7.6%

8.2% Err:502 8.3% 8.3% 8.3% 8.3% 8.3%

1.2% 1.2% 1.2% 1.2% 1.2% 1.2% 1.2%

3.1% Err:502 3.0% 3.0% 3.0% 3.0% 3.0%

38.0% 36.4% 36.4% 36.4% 36.4% 36.4% 36.4%

61.6% 39.0% 39.0% 39.0% 39.0% 39.0% 39.0%

22.4% Err:502 24.0% 24.0% 24.0% 24.0% 24.0%

7.7% Err:502 10.3% 10.3% 10.3% 10.3% 10.3%

22.4% 19.4% 19.4% 19.4% 19.4% 19.4% 19.4%

156 days Err:502 Err:502 Err:502 Err:502 Err:502 Err:502

78 days 91 days 91 days 91 days 91 days 91 days 91 days

118 days 152 days 152 days 152 days 152 days 152 days 152 days

2.6% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0%

7% Err:502 Err:502 Err:502 Err:502 Err:502 Err:502

0% 0% 0% 0% 0% 0%


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30% 70%

0 0


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0 HistoricalsFinancial Model 2007A 2008A 2009A

Calcuations

Capex

Routine Capex

Specific Capex

Total Capex

Depreciation as per Companies Act

SLMGross Block (as on 2010) 497.3

Accumulated Depreciation (264.3)

Existing Assets

Capex in FY 2010

Capex in FY 2011

Capex in FY 2012

Capex in FY 2013

Capex in FY 2014

Capex in FY 2015

Capex in FY 2016

Depreciation as per IT Act

Term Loan related calculations

Working Capital related calculations


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Promoter Loan

Short Term Investments


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2010E 2011B 2012B 2013B 2014B 2015B

Err:502


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Profit & Loss Account

RevenuesGross Revenues 1,156.8 1,481.3 2,136.5

Less: VAT (37.6) (41.2) (46.2)

Net Revenues 896.8 1,119.2 1,440.1 2,090.3

Other Income -- 0.0 0.0

Total Income 1,119.2 1,440.1 2,090.3

Materials Consumed (786.8) (995.7) (1,420.6)

Manufacturing Expenses (80.8) (110.1) (167.1)

Cost of Goods Sold (867.6) (1,105.8) (1,587.7)

Gross Profit 251.6 334.3 502.6

Margin % 0.2 23% 24%

Growth % NA 33% 50%

Selling, General & Admin Exps (93.0) (119.1) (171.7)

Royalty Expenses (13.5) (17.3) (25.0)

Other Operating Expenses (34.7) (40.4) (65.3)

Total Operating Expenses (141.2) (176.8) (262.0)

EBITDA 110.4 157.5 240.6

Margin % 0.1 11% 12%

Growth % NA 43% 53%

Depreciation (16.6) (21.2) (30.6)

EBIT 93.8 136.3 210.0

Margin % 0.1 9% 10%

Growth % NA 45% 54%

Interest Expense (20.5) (20.5) (48.5)

Interest Income 1.2 3.7 5.6

PBT 74.5 119.5 167.1

Margin % 0.1 8% 8%

Growth % NA 60% 40%

(18.5) (29.7) (37.4)Income Tax (Current Tax Only)


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PAT 56.0 89.8 129.7

Dividends (8.0) (8.0) (10.0)

Deferred Tax - (6.1) 6.3

Taxes for earlier years (11.0) (27.6) 9.1

Exceptional Items - 12.0 (23.3)Appropriations (17.7) (22.5) (48.6)

(36.7) (52.2) (66.5)

PAT : Post Appropriations 19.3 37.6 63.2

P&L brought forward 50.0 69.3 106.9

PAT : Carried Forward 69.3 106.9 170.1


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2010E 2011B 2012B 2013B 2014B 2015B

Err:502 Err:502 4,637.8 6,573.5 9,645.6 14,635.8

Err:502 Err:502 Err:502 Err:502 Err:502 Err:502


0.0 0.0 0.0 0.0 0.0 0.0

Err:502 Err:502 4,771.9 6,763.5 9,924.5 15,059.0



Err:502 Err:502 (3,662.6) (5,191.3) (7,617.4) (11,558.4)

Err:502 811.3 1,109.3 1,572.3 2,307.1 3,500.6

Err:502 23% 23% 23% 23% 23%

Err:502 32% 37% 42% 47% 52%




Err:502 (435.4) (595.3) (843.8) (1,238.2) (1,878.7)

Err:502 375.9 514.0 728.5 1,068.9 1,621.9

Err:502 11% 11% 11% 11% 11%

Err:502 32% 37% 42% 47% 52%


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Balance Sheet

SOURCES OF FUNDS

Shareholders FundsShare Capital 44.6 44.6 44.6

Securities Premium 100.0 100.0 100.0

General Reserve 159.6 182.1 230.7

P&L Account 69.3 106.9 170.1

Loan Funds

ECI Bank Term Loan -- -- 100.0

EDFC Security WC Loan 180.0 254.1 384.0

Unsecured Loans - Promoter Loans 24.6 24.6 34.6

Deferred Tax Liability (Net) 17.7 23.8 17.4

TOTAL 595.8 736.1 1,081.4

APPLICACTION OF FUNDS

Fixed Assets

Gross Block (at cost) 350 410.2 497.3

Less : Accumulated Depreciation (212.5) (233.7) (264.3)

Net Block 137.5 176.5 233.0

Investments 25.0 27.0 58.9

Current assets, loans and advances

Inventories 345.2 374.4 677.5

Sundry Debtors 312.6 390.1 458.9

Loans & Advances 18.0 35.6 48.3

Cash & Bank Balances 20.7 42.3 86.9

Short term investments 140.0 151.3 31.2

Less : Current Liabilities & Provisions

Creditors (385.0) (435.1) (458.6)

Provisions (18.9) (26.7) (55.4)

Net Current Assets 432.6 531.9 788.8


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Miscellaneous Expenditure -- -- --

TOTAL 595.1 735.4 1,080.7

Balance Sheet Difference 0.7 0.7 0.7


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2010E 2011B 2012B 2013B 2014B


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0 HistoFinancial Model 2007A 2008A

Cash Flow Statement

OPERATING ACTIVITIES

Net Profit for the year 89.8Add: Depreciation 21.2

Net Interest Expense 16.8

127.8

Changes in Working Capital

(Increase) / Decrease in Inventory (29.2)

(Increase) / Decrease in Sundry Debtors (77.5)

(Increase) / Decrease in Loans & Advances (17.6)

(Increase) / Decrease in Sundry Creditors 50.1(Increase) / Decrease in Provisions 7.8

(66.4)

Net Cash Flow from Operational Activties (Normalized) 61.4

Exceptional Items (15.6)

Net Cash Flow from Operational Activties (Reported) 45.8

INVESTMENT ACTIVITIES

Capex (60.2)

Proceeds from Sale of Assets

(Increase) / Sale of LT Investments (2.0)

Interest Income 3.7

Net Cash Flow from Investment Activities (58.5)

FINANCING ACTIVITIES

New issue of Equity --

New loans drawn 74.1

Repayment of term loans --

Interest Expense (20.5)

Dividends Paid (8.0)

Net Cash Flow from Financing Activities 45.6


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Net Cash during the year 32.9

Opening Cash 20.7

(Increase) / Decrease in ST Investments -- (11.3)

Increase / (Decrease) in Promoted Loans -- --

Closing Cash 42.3

Free Cash Flow to Equity 39.2


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ricals

2009A 2010E 2011B 2012B 2013B 2014B

129.730.6

42.9

203.2

(303.1)

(68.8)

(12.7)

23.528.7

(332.4)

(129.2)

9.1

(120.1)

(152.5)

42.0

(31.9)

5.6

(136.8)

--

229.9

--

(48.5)

(10.0)

171.4


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(85.5)

42.3

120.1

10.0

86.9

(91.2)


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Row Labels

Admin

East

Amit

###

SouthTunny

###

West

Mohan

###

Finance

East

Munny

###

SouthSohan

###

West

anuRadha

###

rosy

###

HR

East

Ram###

West

sumit

###

Sunny

###

(blank)

(blank)

(blank)

(blank)

Grand Total


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Sr. No. st Na ast Nam Region Dept DOJ ualification Basic

1 Amit Sharma East Admin 2/28/2005 Graduate 18000

2 sumit verma West HR 7/16/2007 ost Graduate 22000

3 uRadh gupta West Finance 7/16/2007 Graduate 22000

4 rosy Fernandise West Finance 7/16/2007 Graduate 220005 Ram Gupta East HR 2/28/2005 Graduate 18000

6 Mohan Sharma West Admin 4/27/2005 ost Graduate 22000

7 Sohan Pande South Finance 7/16/2007 Graduate 15000

8 Sunny Pandya West HR 2/28/2005 ost Graduate 12000

9 Tunny Shah South Admin 2/28/2005 Graduate 10000

10 Munny Patel East Finance 5/19/2006 ost Graduate 6000

Row Labels

AdminEast

Amit

###

South

Tunny

###

West

Mohan

###

FinanceEast

Munny

###

South

Sohan

###

West

anuRadha

###

rosy

###

HR

East

Ram

###

West

sumit

###

Sunny


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###

(blank)

(blank)

(blank)

(blank)

Grand Total


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Year evenue BITD BITDA %

1 1000 500 50%

2 1200 700 58%

3 700 250 36%

1

1

200

400

600

800

1000

1200

1400


29/30

2 3

2 3

Revenues

EBITDA

EBITDA %


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Sr. No. Name Amount

1 A 1000

2 B 1220

3 C 13004 D 2335

5 E 1243

6 F 2342

7 G 4572

8 H 567

9 I 234

10 J 56876

A 1000

B 1220

C 1300

D 2335

E 1243

F 2342

G 4572

H 567

I 234

J 56876

Documents

Financial Model Template