Cool Scoop (The ice-cream shop)

shop no .420 , kenkre Residency, Dattawadi, Mapusa – goa.BRIEF :- Cool scoop , is a ice cream

parlor was setup on 1 jan 2004 . We are known for the service we provide to the customer. We also take orders for Birthday , parties, weddings ,etc !

CONTACT NO - 9845456789

LOCATION

STRENGTH - we provide ice creams of various flavours & better quality with a discount of 5% on each ice-cream.

WEAKNESS - our weakness is the size of the shop being small.

OPPORTUNITY – Since we are located near ST. Xaviers college, Mapusa there is more scope for sales of our ice – cream.

THREATS – we are getting tough competition from “NATURALS & BASKIN ROBBINS”, this is the main threat.

S-W-O-T ANALYSIS

Our mission is to Provide Allegiant Service to the Society and achieve Maximum Customer Satisfaction.

VISION OUR VISION IS TO BE THE BEST ICE – CREAM PARLOR IN GOA.

TARGET MARKET• OUR MAIN TARGET IS THE YOUNG

GENERATION SPECIALLY THE COLLEGE STUDENTS.

MISSION

Particulars Amount(2009)

Amount(2009)

Amount(2010)

Amount(2010)

Gross SalesNet Sales 10,00,0

009,00,000

Less: Cost of goods sold

Opening Stock 40,000

Add: Purchases 5,00,000

Carriage

5,000

depreciation on equipment 3,000 5,48,000

5,48,000

Less: Closing Stock 50,000 4,98,000

50,000 4,98,000

GROSS PROFIT 5,02,000

4,02,000

Less: Operating Expenses

A. Administrative Expenses

salaries 10,000 10,000

INCOME STATEMENT

Particulars Amount(2009)

Amount(2009)

Amount(2010)

Amount(2010)

Rent 15,000 15,000Insurance 25,000 25,000

General expenses 10,000 8,000Water expenses 1,000 1,500

Telephone Charges 2,000 2,000Electricity charges 4,000 66,000 4,000 64,000

B. Selling and DistributionAdvertising expenses 10,000 8,000Travelling expenses 4,000 3,000

Bad debt 5,000 5,000Depreciation on delivery van 2,000 2,000

Warehouse rent 5,000 26,000 5,000 23,00092,000 87,000

Net Operating Profit 4,10,000 3,15,000

Particulars Amount(2009)

Amount(2009)

Amount(2010)

Amount(2010)

Net – Operating Profit 4,10,000 3,15,000

Add: Non – Operating Income

Interest on Investment 5,000 5,000

Less: Non – Operating Expenses 4,05,000 3,10,000

Compensation paid 5,000 3,000

Net Profit before Tax 4,00,000 3,07,000

Less: Income Tax 1,20,000

92,100

Net Profit after Tax 2,80,000 2,14,900

Sr.no

Sources of funds Amount(2009)

Amount(2009)

Amount (2010)

Amount (2010)

I. SOURCES OF FUNDS

Share holders funds

Share capital 1,00,000 1,00,000

Reserve and Surplus

Profit & Loss A/C 2,80,000 2,14,900

Loan Funds

Secured loan (bank loan) 50,000 55,000

Unsecured loans 25,000 25,000

4,55,000 3,94,900

II. APPLICATION OF FUNDS

1. Fixed Assets

Computers 65,000 65,000

Balance sheet of "Cool Scoop"for 2009-10

Sr.no

Sources of funds Amount(2009)

Amount(2009)

Amount (2010)

Amount (2010)

Furniture & fittings 80,000 80,000

Less: depreciation 6% 4,800 75,200 4,800 75,200Refrigerator 55,000 55,000Less: depreciation by 5% 5,500 49,500 5,500 49,500Goodwill 39,300 34,300Air Conditioner 80,000 80,000Less: depreciation by 5% 4000 76,000 4,000 76,000

3,00,000 3,00,0002. Current Asset,

Loans & advances.

Cash30,000 25,000

Stock80,000 50,000

Bills receivable26,000 23,000

Loans & advances40,000 15,000

Sundry debtors24,000 2,00,000 17,000 1,30,000

Sr.no

Sources of funds Amount(2009)

Amount(2009)

Amount (2010)

Amount (2010)

Less: Current Liabilities & Provision

Sundry creditors15,000 10,000

Bills payable15,000 12,000

Bank overdraft15,000 45,000 18,000 35,100

Net Current

Asset

1,55,000 94,900

TOTAL

2,40,000 2,30,000

Gross Profit Ratio = Gross Profit x 100 Net sales = 4,02,000 x 100 = 44.6:1 9,00,000 Operating Ratio = cost of goods sold + operating expenses x

100 Sales = 4,98,000 + 66,000 x 100 10,00,000 = 5,64,000 x 100 = 56.4:1 10,00,000

RATIOS

Current Ratio = Current Asset Current liabilities = 1,36,000 = 3.4:1 40,000 Liquid Ratio = current asset – stock Current liabilities - bank overdraft = 1,36,000 – 65,000 = 71,000 = 2.36:1

40,000 – 10,000 30,000  Expence Ratio = Operating expenses x 100 Sales = 92,000 x 100 = 9.2:1 10,00,000

RATIOS (continue)

SHUBHAM PARSEKAR ROLL NO - 33

THANK YOU