FROGNAL TRADING (PVT) LTD

CASHFLOW PROJECTIONS FOR COMMODITY BROKING FOR A PERIOD OF 12 MONTHS (NOV 2009 TO OCT 2010)

MONTH NOV DEC JAN FEB MARCH APRIL MAY JUNE JULY AUG SEPT OCT TOTAL

CASH INFLOW
Loan 25,000 0 0 0 0 25,000 0 0 0 0 0 0 50,000
Sales 0 32,500 37,813 41,594 43,673 45,857 77,957 93,549 112,258 145,936 189,716 246,631 1,067,484

Total Inflow 25,000 32,500 37,813 41,594 43,673 70,857 77,957 93,549 112,258 145,936 189,716 246,631 1,117,484

CASH OUTFLOW
Beef 15,300 16,830 18,513 19,439 20,411 34,698 41,638 49,965 64,955 84,441 109,773 142,705 618,667
Chicken 3,700 4,070 4,477 4,701 4,936 8,391 10,069 12,083 15,708 20,420 26,546 34,510 149,612
Fish 2,000 2,200 2,420 2,541 2,668 4,536 5,443 6,531 8,491 11,038 14,349 18,654 80,872
Fruits and Vegetables 2,500 2,750 3,025 3,176 3,335 5,670 6,804 8,164 10,614 13,798 17,937 23,318 101,089
Sugar 1,500 1,650 1,815 1,906 2,001 3,402 4,082 4,899 6,368 8,279 10,762 13,991 60,654
Rentals 100 200 200 200 200 200 200 600 600 600 600 600 4,300
Fuel and Transport 200 300 300 300 400 400 400 500 500 500 600 600 5,000
Wages and Salaries 500 500 500 500 500 500 500 1,000 1,000 1,000 1,000 1,000 8,500
Water bill 100 100 100 100 100 100 100 200 200 200 200 200 1,700
Electicity 100 100 100 100 100 100 100 200 200 200 200 200 1,700
Telephone 200 200 200 200 300 300 300 300 400 400 400 400 3,600
Admin expenses 100 100 100 100 200 200 200 200 300 300 300 300 2,400
Marketing 200 200 200 300 300 300 400 400 400 500 500 500 4,200
Interest on loan 250 250 250 167 83 250 167 83 0 0 0 0 1,500
Establishment fees 1,000 0 0 0 0 1,000 0 0 0 0 0 0 2,000
Loan instalment 0 0 8,333 8,333 8,334 8,333 8,333 8,334 0 0 0 0 50,000
Total outflow 27,750 29,450 40,533 42,063 43,868 68,379 78,735 93,459 109,735 141,676 183,168 236,979 1,095,794

Net In/Outflow -2,750 3,050 -2,721 -469 -194 2,478 -778 89 2,523 4,260 6,548 9,653 21,690
OPENING BAL 3,000 250 3,300 580 111 -83 2,395 1,616 1,706 4,229 8,489 15,037
CLOSING BAL 250 3,300 580 111 -83 2,395 1,616 1,706 4,229 8,489 15,037 24,690
NOTES TO THE CASHFLOWS
The projections have been made to cover a period of 12 months and they are based on the following assumptions:
1 All figures are in US dollars and prices are expected to be stable
2 The loan amount is the monetory value of the initial stock as per list of order requirements
3 There will be on average 25- 30% markup, orders will be regulated to meet demand and manage cashflow
4 Interest on loan is budgeted at 12% per annum while establishment fees and other bank charges have been budgeted at 4% flat
5 Loan repayment together with interest will be done in March 2010 and a rollover is anticipated
6 The company has started operating and the opening balance in November is income from August-September 2009 trading
7 Rentals are for one office in the first month, two offices during the following 6 motnhs, and two offices plus warehouse for the last period of the year
8 Other expenses will increase with increased operations.
9 Payment cycle for customers is expected to be 30 days on average
 FROGNAL TRADING (PVT) LTD

PROFIT AND LOSS ACCOUNT FOR PERIOD AUGUST-SEPTEMBER 2009

US$
Sales
Opening stock 0
Purchases 15,525.00
Closing stock -

Gross profit
Expenses:
Rentals 330
Motor Vehicle Fuel 450
Motor Vehicle R & M 210
Wages and Salaries 180
Electicity 105
Telephone 150
Admin expenses-printing invoice books 256
Marketing (flyers) 58
Total expenses
Income
Drawings
Profit before tax

BALANCE SHEET AS AT 30 SEPTEMBER 2009

ASSETS

Peugeot-sedan
Office furniture
computer
Stock
Debtors
Prepayments

EQUITY & LIABILITIES

Capital
Drawings
Creditors
Accruals
Retained Profits
 US$
21,312.00

15,525.00
5,787.00

1,739.00
4,048.00
900.00
3,148.00

US$
3,000.00
1,500.00
500.00
-
7,186.00
-
12,186.00

2,113.00
900.00
6,025.00
-
3,148.00
12,186.00

0
LIST OF ORDER REQUIREMENTS

The loan, if granted will be used to purchase the following:

Customer Division Vegetables Sugar Beef Chicken Fish

Quantity cost US$ Quantity cost US$ Quantity cost US$ Quantity cost US$ Quantity cost US$

ZNA-Barracks Pomona 300 500kg 350 1.5 tonne 4500 335kg 1005 200kg 300
1 Commando 500 500kg 350 1.5 tonne 4500 250kg 750 200kg 300
2 Brigade 500 500kg 350 1 tonne 3000 400kg 1200 200kg 300
Para Reg Inkomo 300 640kg 448 1.1 tonne 3300 250kg 750 145kg 218
Spar Letombo 200 95kg 142
Athenities 200 95kg 142
Arundel 200 100kg 150
Rhodesville 300 100kg 150
Bon Mache Eastlea 100kg 150
Chisipite 100kg 150

Total 2500 2140kg 1498 5.1 tonnes 15300 1235kg 3705 1335kg 2002

TERMS OF CONTRACTS

The company does not have any binding contract with the customers, except that they require a supplier who is registered with the Government
Procurement Board. Frognal Trading is registered with this board. The customers invite weekly tenders for supply of the above items, and as such Frognal
Trading submits weekly bids for the tenders.