Trip & Tour Sdn. Bhd.

Appendix 6.1 Start-up Capital

Item Notes Cost (RM) Appendix ref.
Renovation a) 8,000 6.2
Outsourcing fees b) 141,000 6.2
Air conditioners c) 6,000 6.2
Technology expenses d) 1,400 6.2
Furniture & fittings e) 7,800
Computer hardware & software f) 25,000 6.2
Other capital expenses g) 600 6.2

Total Capital Expenses: 189,800

Deposit & Prepayments: h)

Rental deposit (2months) 12,000
Utilities deposit 3,000
Total deposits & prepayments 15,000

Pre-operating expenses: i)
Company registration 120
Pre-operating advertising 1,200
Recruitment of IT professionals 5,200
UniFi PRO PLAN 100mbps 480
Annual insurance 18,000
Total pre-operating expenses 25,000

Working capital 70,200

TOTAL INVESTMENT: 300,000

Paid-in capital 100,000
Bank loan 200,000
TOTAL FINANCING 300,000

Working capital estimation: RM

Salaries 5,200
Rental 6,000
Utilities 500
One month working capital 11,700
Six months working capital (X6) 70,200
Sdn. Bhd.
rt-up Capital
Life (Years) Annual depreciation (RM)
5 1,600

3 2,000
5 280
5 1,560
5 5,000
5 120

10,560
 Appendix 6.2
Capital, Startup Expenses and Fund Requirements
Notes:-
a) Renovation includes floor tiling, painting, wiring and modify ceiling.

b) Outsourcing to application developer.

Item Unit Unit price (RM) Total value (RM)
Accept payments 13,000
Customer user interface 20,000
E-mail login 4,000
Social login 5,000
Dashboard 10,000
3rd party API integration 18,000
Reporting 15,000
Payment administration 15,000
User administration 20,000
User privacy settings 5,000
Feedback system 16,000
Total Outsorcing Fees 141,000

Computer hardware and software

c) Item Unit Unit price (RM) Total value (RM)
Acer computer 8 3,000 24,000
HP LaserJet Pro M402n 1 500 500
Firewall and anti-virus program 1 500 500
Total Computer Hardware and Software 25,000

Air conditioners
d) Item Unit Unit price (RM) Total value (RM)
Daikin Cooling King 1.0hp (R410) 2 1,000 2,000
Daikin Eco King Ceiling Cassette 1.5hp 2 2,000 4,000
Total Air Condtioners 10,500 6,000
e) Funiture and fittings
Item Unit Unit price (RM) Total value (RM)
GODMORGON Lights 8 100 800
LINNMON/ALEX Tables 8 200 1,600
RENBERGET Chair 8 200 1,600
GRANÅS Dining Sets 1 800 800
KIVIK Sofa 1 1,300 1,300
VITTSJÖ Coffee Table 1 200 200
GALANT Storage Cabinet 1 1,500 1,500
Total Funiture and Fixture 7,800

f) Technology expenses
Item Unit Unit price (RM) Total value (RM)
Foscam FI9900P CCTV 2 600 1,200
Fire Alarm System Auto Dialer Sensor PIR 1 200 200
Total Technology Expenses 1,400

g) Other expenses
Item Unit Unit price (RM) Total value (RM)
Stationery 200
Garbage bag (pkt) 1 10 10
NISSEDAL Mirror 2 50 100
Fire Extinguisher 2 130 260
GIGANTISK Garbage Bin 2 15 30
Total Other Expenses 600

h) Deposits and prepayment included 2.5 months rental: RM6000 per month.

i) Pre-operating expenses
 Item Unit Unit price (RM) Total value (RM)
Company registration 120
Pre-operating advertising 1,200
Recruitment of IT professionals 2 2,600 5,200
UniFi PRO PLAN 100mbps 2 240 480
Annual insurance 10,000
Total Pre-operating expenses 17,000
 Trip and Tour Sdn Bhd
Fixed Assumptions, Variable Assumptions and Projected Sales

Fixed Notes RM
Annual license fees 1) 60
Annual accounting, audit & secretarial fees 2) 8,000
Annual insurance 3) 2,400
Annual directors' remuneration 4) 240,000
Monthly rental 5) 6,000
Monthly utilities 6) 3,430
Monthly equipment upkeep and other overheads 1,000
Monthly staff salaries 7) 3,000
EPF, SOCSO and Medical 12% of salaries
Annual advertising & promotions 8) 5,040
Taxes 18%
Loan tenure 5 years
Loan interest 9) 6% per annum

Pre-operating expenses 10) To be amortised over 2 years

 Fixed Assumptions, Variable Assumptions and Projected Sales
Notes:-

1) Annual license fees RM

Register fee to SSM 60

60

2) Annual accounting, audit & secretarial fees

Secretarial fees 1,100
Tax agents 1,500
Auditors 2,100
Accounting fees 3,300
8,000

3) Annual insurance
Annual insurance from public liability 2,400

2,400

4) Annual directors' remuneration

Assumed as RM48,000 for each director 240,000

(5 director) 240,000

5) Monthly rental
Monthly rental 6,000

6,000
*Monthly rental in Desa Park City (1 floor). So, the rental price is RM6000 per month.

6) Monthly utilities
Monthly electric bill 3,000
Monthly water bill 50
Montly unifi bill 380
3,430

7) Monthly staff salaries

IT professionals 3,000

3,000

8) Advertising & promotions

Website advertising 3,000
3,000
Appendix 6.4
Trip & Tour Sdn. Bhd.
Financial Assumptions

Fixed Assumption RM
1 Annual license-business & signboard 1,115
2 Annual accounting, audit, legal & secretarial fees 8,880
3 Annual insurance 18,000
4 Annual directors' remuneration 15,000
5 Annual Advertising & Promotion 1,200
6 Monthly utilities-water, eletric, internet, telephone 980
7 Monthly utilities-increase 2 % in Year 3 1,000
8 Monthly rental 6,000
9 Monthly staff salaries-Year1 & 2 10,400
10 Monthly staff salaries-Year 3 (increased by 2%) 10,608
11 Monthly EPF & SOCSO @ approx. 13% of wages (Y1 & Y2) 728
12 Monthly EPF & SOCSO @approx. 13% of wages (Y3) (increased by 2%) 743
13 Corporate Tax Rate % (paid in the month or quarter it becomes payable) **24%
14 Loan Tenure 5 years
15 Loan interest 6%

**Note to students:
(1) The standard corporate tax rate is 24%. However, for SMEs with a paid-up capital of RM2.5 million or less,
the special tax rate of 18% on the first RM500,000 chargeable income is applicable. The balance of any
chargeable income above RM500,000 is taxable at the standard rate of 24%. For example, if your
company's chargeable income is RM700,000, the first 500,000 is taxed at 18% and the balance of
100,000 taxed at 24%. Since all the business teams have a paid-up startup capital of less than RM2.5 million,
all teams are eligible for this special tax rate.

(2) For the purposes of computing the corporate tax amounts, students are to ASSUME that the Net Profit
before Tax figure in the Income (P&L) Statements are exactly EQUAL TO the Chargeable Income computed
according to the laws of taxation (although in reality there are differences)
 (Follow MyPEC SME Bank Loan Agreement)
(Follow MyPEC SME Bank Loan Agreement)

M2.5 million or less,

balance of any

han RM2.5 million,

at the Net Profit

ncome computed
Appendix 6.5
Breakdown of Annual/Monthly fees

Annual License Fees

Particular Month RM
Business license 12 1,000
Signboard license 12 115
Total: 1,115

Annual secretarial fees

Particular Month RM
Tax Agent 12 2,200
Auditors 12 3,300
Total: 5,500

Monthly/ Annual Utilities fees

Particular Month Monthly Annual
Water 12 100 1,200
Electric 12 400 4,800
Internet & Telephone 12 240 2,880
Total: 740 8,880
Appendix 6.6
Breakdown of salary, EPF & SOCSO

Monthly Salary
Salary of employee Number of personnel Total salary
2,600 2 5,200
Total 5,200

SOCSO Contributed by Employer

Salary of employee Number of personnel Rate Total
2,600 2 1% 52
Total 52

EPF Contributed by Employer

Salary of employee Number of personnel Rate Total
2,600 2 13% 676
Total 676

Total SOCSO & EPF (per month) = 728

Total SOCSO & EPF (annual) = 8,736
Appendix 6.7: Projected Sales of Trip & Tour Sdn. Bhd.

49,560,000 (Total revenue in application segment in Malaysia)

Estimate year one revenue in RM (2018)

49,560,000*1% = 495,600
495,600 / 12 months = 41,300
Total sales for year one = RM495,600

Estimate year two revenue (sales increase by 0.05%)

RM495,600 x 1.05= RM520,380

Estimate year three revenue (sales increase by 0.10%)

RM520,380 x 1.10= RM572,418
 Tr
Appendix 6.8: PRO FORM
Pre-OP JAN FEB
Sales 39,077 39,468
(-) Cost of sales* (11,723) (11,840)
Gross Profit 27,354 27,628
Pre-project meeting 300
Location selection 200
Finding supplier 200
Securing funding for the project 200
Market survey 500
Register business and obtain license 3,000
Recruitment 500
Staff training 2,000
Pre-launch 7,000
(-) Total Pre-Operating Expenses 13,900
Annual license - business & signboard 93 93
Annual accounting, audit,legal & secretarial fees 458 458
Annual insurance 1,500 1,500
Rental 6,000 6,000
Utilities- water, electric, internet ,telephone 740 740
Staff salaries 5,200 5,200
EPF & SOCSO@ approx. 14% of wages 728 728
Advertising & Promotion 100 100
Depreciation 2,011 2,011
Interest expense (6%)** 5,784 912.92 898.15
(-) Total Operating Expenses 17,743 17,728
Profit/(Loss) Before Tax (19,684) 9,611 9,900
Less: Taxes (24%) - - 41
Net Profit/(Loss) After Tax (19,684) 9,611 9,941
Cumulative Net Profit (19,684) (10,072) (131)

*Cost of sales is 30% on sales

**Workings for Loan Interest 2017 (Pre-Operating period): (Refer to MyPEC SME Bank Loan Repayment Sc
July 1,000.00
August 985.67
September 971.26
October 956.79
November 942.24
December 927.62
5,783.58
**Monthly Interest expense figures for 2018: Refer to MyPEC SME Bank Loan Repayment Schedule
 Trip & Tour Sdn. Bhd.
Appendix 6.8: PRO FORMA PROFIT & LOSS STATEMENT (2018)
MAR APR MAY JUN JULY AUG
39,863 40,262 40,664 41,071 41,482 41,896
(11,959) (12,078) (12,199) (12,321) (12,444) (12,569)
27,904 28,183 28,465 28,750 29,037 29,327

93 93 93 93 93 93
458 458 458 458 458 458
1,500 1,500 1,500 1,500 1,500 1,500
6,000 6,000 6,000 6,000 6,000 6,000
740 740 740 740 740 740
5,200 5,200 5,200 5,200 5,200 5,200
728 728 728 728 728 728
100 100 100 100 100 100
2,011 2,011 2,011 2,011 2,011 2,011
883.31 868.39 853.4 838.34 823.2 807.98
17,713 17,698 17,683 17,668 17,653 17,638
10,191 10,485 10,782 11,081 11,384 11,689
(2,446) (2,516) (2,588) (2,659) (2,732) (2,805)
7,745 7,968 8,194 8,422 8,652 8,884
7,614 15,582 23,776 32,198 40,850 49,734

ME Bank Loan Repayment Schedule)

yment Schedule
SEPT OCT NOV DEC TOTAL
42,315 42,738 43,166 43,597 495,600
(12,695) (12,822) (12,950) (13,079) (148,680)
29,621 29,917 30,216 30,518 346,920
300
200
200
200
500
3,000
500
2,000
7,000
13,900
93 93 93 93 1,115
458 458 458 458 5,496
1,500 1,500 1,500 1,500 18,000
6,000 6,000 6,000 6,000 72,000
740 740 740 740 8,880
5,200 5,200 5,200 5,200 62,400
728 728 728 728 8,736
100 100 100 100 1,200
2,011 2,011 2,011 2,011 24,133
792.69 777.32 761.87 746.35 15,748
17,623 17,607 17,592 17,576 217,707
11,998 12,310 12,624 12,942 115,313
(2,880) (2,954) (3,030) (3,106) (27,675)
9,118 9,355 9,594 9,836 87,638
58,852 68,207 77,802 87,638
 Trip & Tour Sdn. Bhd
Appendix 6.9: PRO FORMA PROFIT & LOSS ST
Q1 Q2 Q3
Sales 130,095 130,095 130,095
(-) Cost of sales (39,029) (39,029) (39,029)
Gross Profit 91,067 91,067 91,067

Annual license-business&signboard 279 279 279

Annual accounting,audit legal&secretarial fees 2,220 2,220 2,220
Annual insurance 4,500 4,500 4,500
Rental 18,000 18,000 18,000
Utilities-water,electric,internet,telephone 2,940 2,940 2,940
Staff salaries 16,800 16,800 16,800
EPF&SOCSO @ approx.14% of wages 2,352 2,352 2,352
Quaterly advertising & promotion-Years 2&3 300 300 300
Depreciation 6,033 6,033 6,033
Interest expenses 2,145 2,003 1,858
Less:Total Operating Expenses 55,569 55,427 55,282
Profit/(loss)Before Tax 35,497 35,640 35,785
Less:Taxes (24%) (8,519) (8,554) (8,588)
Net Profit 26,978 27,086 27,196
Cumulative Net Profit 26,978 54,064 81,261

Working for Loan interest 2019 (refer MyPec Loan Repayment Schedule):

Q1 Q2
Jan 730.75 Apr
Feb 715.07 May
Mar 699.31 Jun
2145.13

Q3 Q4
July 635.49 Oct
Aug 619.33 Nov
Sept 603.1 Dec
1857.92
 Trip & Tour Sdn. Bhd.
RO FORMA PROFIT & LOSS STATEMENT (2019 &2020)
Q4 2,019 Q1 Q2 Q3 Q4
130,095 520,380 143,105 143,105 143,105 143,105
(39,029) (156,114) (42,931) (42,931) (42,931) (42,931)
91,067 364,266 100,173 100,173 100,173 100,173

279 1,115 279 279 279 279

2,220 8,880 2,220 2,220 2,220 2,220
4,500 18,000 4,500 4,500 4,500 4,500
18,000 72,000 18,000 18,000 18,000 18,000
2,940 11,760 2,940 2,940 2,940 2,940
16,800 67,200 16,800 16,800 16,800 16,800
2,352 9,408 2,352 2,352 2,352 2,352
300 1,200 300 300 300 300
6,033 24,133 6,033 6,033 6,033 6,033
1,711 7,717 1,562 1,411 1,257 1,101
55,135 221,413 54,986 54,835 54,681 54,525
35,931 142,853 45,187 45,338 45,492 45,648
(8,624) (34,285) (10,845) (10,881) (10,918) (10,956)
27,308 108,569 34,342 34,457 34,574 34,692
108,569 34,342 68,800 103,373 138,066

Working for Loan interest 2020 (refer MyPec Loan Repayment Schedule):

Q2 Q1 Q2
683.47 Jan 537.34 Apr 487.15
667.56 Feb 520.69 May 470.25
651.56 Mar 503.96 Jun 453.27
2002.59 1561.99 1410.67

Q4 Q3 Q4
586.78 July 436.2 Oct 384.49
570.38 Aug 419.05 Nov 367.08
553.9 Sept 401.81 Dec 349.58
1711.06 1257.06 1101.15
 2,020
572,418
(171,725)
400,693

1,115
8,880
18,000
72,000
11,760
67,200
9,408
1,200
24,133
5,331
219,027
181,666
(43,600)
138,066

c Loan Repayment Schedule):

 Trip & Tou
Appendix 6.10: PRO FOR

Pre-Op JAN FEB MAR

Beginning cash - 152,101 177,471 198,606
Paid in capital 100,000
Bank Loan 300,000
Sales - 39,077 39,468 39,863
Total Cash Available 400,000 191,178 216,939 238,468
Cash Disbursement
Pre- project meeting 300 - - -
Location selection 200 - - -
Finding supplier 200 - - -
Securing funding for the project 200 - - -
Market survey 500 - - -
Register business and obtain license 3,000 - - -
Recruitment 500 - - -
Staff training 2,000 - - -
Pre-launch 7,000 - - -
Rental deposit (2 months) 12,000 - - -
Utilities (deposit) -electric &water 3,000 - - -
Capital Expenses 189,800 - - -
Rental (1 month advance) 6,000 - - -
Rental - - 4,500 4,500
Utilities - 740 740 740
Salaries - 5,200 5,200 5,200
EPF & SOCSO - 728 728 728
Annual License fees - 1,115 - -
Annual Insurance - 1,500 1,500 1,500
Annual acctg/audit/legal/sec fees - 458 458 458
Advertising & Promotion - 100 100 100
Loan repayment of principal 17,416 2,954 2,968 2,983
Interest payment @6% 5,784 913 898 883
Tax payment - - 1,241 3,140
Total Cash Disbursements 247,899 13,708 18,333 20,232
Ending Cash Balance 152,101 177,471 198,606 218,236

Workings for Loan repayment 2017: (Refer to MyPEC SME Bank Loan Repayment Schedule)
July 2,866.56
August 2,880.89
September 2,895.30
October 2,909.77
 November 2,924.32
December 2,938.94
17,415.78

Workings for Loan Interest 2017: (Refer to MyPEC SME Bank Loan Repayment Schedule)
July 1,000.00
August 985.67
September 971.26
October 956.79
November 942.24
December 927.62
5,783.58
 Trip & Tour Sdn. Bhd.
ppendix 6.10: PRO FORMA CASH FLOW (2018)

APR MAY JUN JUL AUG SEP OCT NOV

218,236 238,159 258,377 278,892 299,710 320,831 342,259 363,998

40,262 40,664 41,071 41,482 41,896 42,315 42,738 43,166

258,498 278,823 299,447 320,374 341,606 363,146 384,998 407,164

- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500
740 740 740 740 740 740 740 740
5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200
728 728 728 728 728 728 728 728
- - - - - - - -
1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
458 458 458 458 458 458 458 458
100 100 100 100 100 100 100 100
2,998 3,013 3,028 3,043 3,059 3,074 3,089 3,105
868 853 838 823 808 793 777 762
3,246 3,354 3,462 3,572 3,682 3,794 3,907 4,021
20,339 20,446 20,555 20,664 20,775 20,887 21,000 21,114
238,159 258,377 278,892 299,710 320,831 342,259 363,998 386,050

payment Schedule)
payment Schedule)
DEC Total
386,050
100,000
300,000
43,597 495,600
429,648 895,600

- 300
- 200
- 200
- 200
- 500
- 3,000
- 500
- 2,000
- 7,000
- 12,000
- 3,000
- 189,800
- 6,000
4,500 49,500
740 8,880
5,200 62,400
728 8,736
- 1,115
1,500 18,000
458 5,496
100 1,200
3,120 53,851
746 15,748
4,136 37,556
21,229 487,181
408,419 408,419
 Train to KL
Appendix 6.11: PRO FORMA CASH FLOW (2019& 2

Year Q1 Q2 Q3 Q4

Beginning cash 408,419 466,101 524,864 583,592

Paid in capital
Bank Loan
Sales 130,095 130,095 130,095 130,095
Total Cash Available 538,514 596,196 654,959 713,687
Cash Disbursement
Insurance (annual) 4,500 4,500 4,500 4,500
License fees (annual) 1,115 - - -
Accting/Audit/Legal/Sec fees (annual) 2,220 2,220 2,220 2,220
Rental 18,000 18,000 18,000 18,000
Utilities 2,940 2,940 2,940 2,940
Salaries 16,800 16,800 16,800 16,800
EPF & SOCSO @ approx. 14% 2,352 2,352 2,352 2,352
Advertising & Promotion 300 300 300 300
Loan repayment of principal 9,455 9,597 9,742 9,889
Interest payment (monthly) @6% 2,145 2,003 1,858 1,711
Tax payment @24% 12,587 12,621 12,655 12,691
Total Cash Disbursements 72,413 71,332 71,367 71,402
Ending Cash Balance 466,101 524,864 583,592 642,284

Workings for Loan repayment 2019:

(Refer to MyPEC SME Bank Loan Repayme
Q1 Q2
Jan 3,135.81 Apr 3,183.09
Feb 3,151.49 May 3,199.00
Mar 3,167.25 Jun 3,215.00
9,454.55 9,597.09

Q3 Q4
July 3,231.07 Oct 3,279.78
Aug 3,247.23 Nov 3,296.18
Sept 3,263.46 Dec 3,312.66
9,741.76 9,888.62

Working for Loan interest 2019:

 (Refer to MyPEC SME Bank Loan Repayme
Q1 Q2
Jan 730.75 Apr 683.47
Feb 715.07 May 667.56
Mar 699.31 Jun 651.56
2145.13 2002.59

Q3 Q4
July 635.49 Oct 586.78
Aug 619.33 Nov 570.38
Sept 603.1 Dec 553.9
1857.92 1711.06
in to KL
MA CASH FLOW (2019& 2020)

2019 Q1 Q2 Q3 Q4 2020

408,419 642,284 721,908 802,611 883,276 642,284

564,892 155,345 155,345 155,345 155,345 621,381

973,311 797,629 877,253 957,956 1,038,622 1,263,665

18,000 4,500 4,500 4,500 4,500 18,000

1,115 1,115 - - - 1,115
8,880 2,220 2,220 2,220 2,220 8,880
72,000 18,000 18,000 18,000 18,000 72,000
11,760 2,940 2,940 2,940 2,940 11,760
67,200 16,800 16,800 16,800 16,800 67,200
9,408 2,352 2,352 2,352 2,352 9,408
1,200 300 300 300 300 1,200
38,682 10,038 10,189 10,343 10,499 41,068
7,717 1,562 1,411 1,257 1,101 5,331
50,553 15,895 15,931 15,968 16,005 63,799
286,515 75,721 74,643 74,679 74,717 299,760
686,796 721,908 802,611 883,276 963,905 963,905

Workings for Loan repayment 2020:

SME Bank Loan Repayment Schedule)
Q1 Q2
Jan 3,329.22 Apr 3,379.41
Feb 3,345.87 May 3,396.31
Mar 3,362.60 Jun 3,413.29
10,037.69 10,189.01

Q3 Q4
July 3,430.36 Oct 3,482.07
Aug 3,447.51 Nov 3,499.48
Sept 3,464.75 Dec 3,516.98
10,342.62 10,498.53

Working for Loan interest 2020:

SME Bank Loan Repayment Schedule)
Q1 Q2
Jan 537.34 Apr 487.15
Feb 520.69 May 470.25
Mar 503.96 Jun 453.27
1561.99 1410.67

Q3 Q4
July 436.2 Oct 384.49
Aug 419.05 Nov 367.08
Sept 401.81 Dec 349.58
1257.06 1101.15