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Case_10 - Introduction This spreadsheet supports STUDENT...

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Introduction Page 1 Please note: Copyright © 2001 by the Trustees of the University of Virginia Darden School Foundation. This spreadsheet supports STUDENT analysis of the case, "Kota Fibres, Ltd." (Case 10) 1) All worksheets have been protected to prevent any inadvertent errors by students. To unprotect the worksheet press Control "u" and to protect worksheet press Control "p" (use lower case). 2) This is a working model. Assumptions / Inputs presented can be changed to vary the results. 3) As long as the default spreadsheet calculation is set as "automatic", the impact of changing assumptions will be computed in real time. Alternatively, the F9 function key may need to be invoked to recalculate results. To set numerical calculation settings to automatic look under tools, options, calculations menu.
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Exhibit 1 KOTA FIBRES, LTD. Summary of monthly sales: Actual for 2000 and Forecast for 2001 2000 2001 (historical) (forecast) Supporting Calculations for Exhibit 1 January 2,012,400 2,616,120 February 2,314,260 2,892,825 HISTORICAL CYCLE 100 115 170 350 600 760 705 355 200 170 135 110 March 3,421,080 4,447,404 FORECAST CYCLE 130 125 130 125 115 115 115 120 125 130 130 125 April 7,043,400 8,804,250 May 12,074,400 13,885,560 June 15,294,240 17,588,376 July 14,187,420 16,315,533 August 7,144,020 8,572,824 TOTAL September 4,024,800 5,031,000 2000 (historical) 75,867,480 2,012,400 2,314,260 3,421,080 7,043,400 12,074,400 15,294,240 14,187,420 7,144,020 4,024,800 3,421,080 2,716,740 2,213,640 October 3,421,080 4,447,404 November 2,716,740 3,531,762 2001 (forecast) 90,900,108 2,616,120 2,892,825 4,447,404 8,804,250 13,885,560 17,588,376 16,315,533 8,572,824 5,031,000 4,447,404 3,531,762 2,767,050 December 2,213,640 2,767,050 GROSS UP RATIO 1 Year 75,867,480 90,900,108
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Exhibit 2 KOTA FIBRES, LTD. Historical Annual Income Statements ( in Rupees) 1999 2000 2001 (Actual) (Actual) (Forecast) Gross Sales 64,487,358 75,867,480 90,900,108 Excise Tax 9,673,104 11,380,122 13,635,016 Net Sales 54,814,254 64,487,358 77,265,092 Cost of Goods 44,496,277 53,865,911 66,993,380 Gross Profits 10,317,978 10,621,447 10,271,712 Operating Expenses 3,497,305 4,828,721 5,454,006 Depreciation 769,103 908,608 1,073,731 Interest Expense 910,048 1,240,066 1,835,619 Profit Before Tax 5,141,521 3,644,052 1,908,355 Income Tax 1,542,456 1,093,216 572,507 Net Profit 3,599,065 2,550,837 1,335,969
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Exhibit 3 KOTA FIBRES, LTD. Historical Balance Sheets (in Rupees) 2000 2001 (Actual) (Forecast) Cash 762,323 750,000 Accounts Receivable 2,672,729 3,715,152 Inventories 1,249,185 2,225,373 Total Current Assets 4,684,237 6,690,525 Gross PP&E 10,095,646 11,495,646 Accumulated Depreciation 1,484,278 2,558,009 Net PP&E 8,611,368 8,937,637 Total Assets 13,295,604 15,628,161
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