Sales Budget

No of Unit Rate in Contracts Billing per % Projected

Year Type of Income Unit Units USD per year Year share Revenue in USD
2017 GCC
HUBBLE Licenses users upto 10 15000 6 90,000 25% 22,500
users upto 25 40000 6 240,000 25% 60,000
users 50+ 100000 2 200,000 25% 50,000
QSOFT Licenses users upto 100 10000 4 40,000 40% 16,000
users 100+ 50000 2 100,000 40% 40,000
670,000 188,500 USD 693,680 AED
Implementation Services days 10 5000 30 150,000 100% 150,000
150,000 150,000 USD 552,000 AED

INDIA
HUBBLE Licenses users 50+ 25000 4 100,000 30% 30,000
QSOFT Licenses users 100+ 20000 2 40,000 40% 16,000
140,000 46,000 USD 167,900 AED
Services days 10 2000 12 24,000 100% 24,000
24,000 24,000 USD 87,600 AED

Notes:
If India operations achieve this target , Hubble UK office will setup a Joint venture with us in india, then the license revenue will be shared 50:50
If GCC operations are taken care by absorbing all operational expenses we can negotiate Hubble license share to 30% or 35% depends on sales turnover
 Salary Budget

Head Monthly Pay in Salary per

Year Role / Designation count AED Year Remarks
2017 Dubai
Sales consultant 1 6,000 72,000 Accomodation + Transport are accounted as op.exp
Technical consultant 1 10,000 120,000
2 16,000 192,000

India
Head Monthly Pay in Salary per
Role / Designation count AED Year Remarks

Sales consultant 1 3,000 36,000 approx total, breakup as per auditor advise
Technical consultant 1 4,000 48,000
2 7,000 84,000
 Income Expense statement

Carry 2,017 2,018

Income Forward Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Licenses Sales 173,420 173,420 173,420 173,420 199,433 199,433 199,433 199,433
Services 50,000 138,000 138,000 138,000 138,000 158,700 158,700 158,700 158,700
AMC 11,863 11,863 11,863 11,863 24,090 24,090 24,090 24,090
Revenue from India office *** 63,875 63,875 63,875 63,875 73,456 73,456 73,456 73,456
Total Income 387,158 387,158 387,158 387,158 455,679 455,679 455,679 455,679
Expenses
Staff Costs
Salary 48,000 48,000 48,000 48,000 52,800 52,800 52,800 52,800
Accomodation 45,000 45,000 45,000 45,000 47,250 47,250 47,250 47,250
Local Transport + Mobile phone bill 13,500 13,500 13,500 13,500 13,500 13,500 13,500 13,500
Staf Air-Tickets 7,500 7,500
End of service benefit 4,000 4,000 4,000 4,000 4,400 4,400 4,400 4,400
Visa charges + Insurance *** 30,000
Overheads
Shared Office space/expenses *** 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500
Sponcership fees *** 15,000 15,000
License & Registration Fees *** 30,000 10,000
Sales & Marketing Expenses *** 5,000 5,000 5,000 5,000 7,500 7,500 7,500 7,500
Business Travel (GCC/India) 10,000 10,000 10,000 10,000 12,000 12,000 12,000 12,000
India office shared Expenses *** 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
India office staff salaries *** 21,000 21,000 21,000 21,000 23,100 23,100 23,100 23,100
Sales Commision for staff 7,743 7,743 7,743 7,743 9,114 9,114 9,114 9,114
Total Expenses 0 247,743 172,743 172,743 180,243 213,164 188,164 188,164 195,664
Net Income before depreciation
and finance charges 139,414 214,414 214,414 206,914 242,516 267,516 267,516 260,016
Depreciation 4,000 4,000
Financial Cost
YTD total 771,157 YTD total 1,033,563
Share 50:50 385,579 516,781

Cumulative 771,157 1,804,720

Working Notes:
 Income Expense statement

GCC Data for inc/exp calculation Year 2017 Year 2018

License Revenue 693,680 173,420 173,420 173,420 173,420 199,433 199,433 199,433 199,433
Services 552,000 138,000 138,000 138,000 138,000 158,700 158,700 158,700 158,700
AMC contract income 10% 11,863 11,863 11,863 11,863 24,090 24,090 24,090 24,090
323,283 323,283 323,283 323,283 382,223 382,223 382,223 382,223

Revenue from India office: Licenses 167,900 41,975 41,975 41,975 41,975 48,271 48,271 48,271 48,271
Service Revenue from India office 87,600 21,900 21,900 21,900 21,900 25,185 25,185 25,185 25,185
63,875 63,875 63,875 63,875 73,456 73,456 73,456 73,456
AMC billing
2016 474,500
2017 489,100
2018 562,465
2019 646,835

Staff salary per month in AED 16,000 16,000 16,000 16,000 16,000 17,600 17,600 17,600 17,600
Salary for India office staff 7,000 7,000 7,000 7,000 7,000 7,700 7,700 7,700 7,700
 Income Expense statement

2,019
Income Q1 Q2 Q3 Q4
Licenses Sales 229,348 229,348 229,348 229,348
Services 182,505 182,505 182,505 182,505
AMC 38,152 38,152 38,152 38,152
Revenue from India office *** 84,475 84,475 84,475 84,475
Total Income 534,479 534,479 534,479 534,479
Expenses
Staff Costs
Salary 58,080 58,080 58,080 58,080
Accomodation 49,613 49,613 49,613 49,613
Local Transport + Mobile phone bill 13,500 13,500 13,500 13,500
Staf Air-Tickets 7,500
End of service benefit 4,840 4,840 4,840 4,840
Visa charges + Insurance ***
Overheads
Shared Office space/expenses *** 12,500 12,500 12,500 12,500
Sponcership fees *** 15,000
License & Registration Fees *** 10,000
Sales & Marketing Expenses *** 10,000 10,000 10,000 10,000
Business Travel (GCC/India) 15,000 15,000 15,000 15,000
India office shared Expenses *** 6,000 6,000 6,000 6,000
India office staff salaries *** 25,410 25,410 25,410 25,410
Sales Commision for staff 10,690 10,690 10,690 10,690
Total Expenses 230,632 205,632 205,632 213,132
Net Income before depreciation
and finance charges 303,847 328,847 328,847 321,347
Depreciation 4,000
Financial Cost
YTD total 1,278,889
639,444

3,083,609

Working Notes:
 Income Expense statement

GCC Data for inc/exp calculation Year 2018

License Revenue 229,348 229,348 229,348 229,348
Services 182,505 182,505 182,505 182,505
AMC contract income 38,152 38,152 38,152 38,152
450,005 450,005 450,005 450,005

Revenue from India office: Licenses 55,512 55,512 55,512 55,512

Service Revenue from India office 28,963 28,963 28,963 28,963
84,475 84,475 84,475 84,475
AMC billing
2016
2017
2018
2019

Staff salary per month in AED 19,360 19,360 19,360 19,360

Salary for India office staff 8,470 8,470 8,470 8,470
 Income Expense statement

Onetime 2,017 2,018

Source of funds Expense Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Investment 150000 250,000
Carry forward Balance 30,000 43,000 112,308 157,891 230,699 338,601 574,607 762,432
Licenses Sales 173,420 173,420 173,420 173,420 199,433 199,433 199,433
Services 25,000 69,000 69,000 69,000 138,000 158,700 158,700 158,700
AMC 23,725 23,725 48,180 48,180
Revenue from India operations *** 47,906 47,906 47,906 63,875 73,456 73,456 73,456
Total inflow 150,000 305,000 357,051 402,634 471,942 605,994 818,370 1,006,196 1,242,202
Use of funds
Salary 48,000 48,000 48,000 48,000 52,800 52,800 52,800 52,800
Accomodation 45,000 45,000 45,000 45,000 47,250 47,250 47,250 47,250
Local Transport + Mobile phone bill 13,500 13,500 13,500 13,500 13,500 13,500 13,500 13,500
Staf Air-Tickets 7,500 7,500
End of service benefit
Visa charges + Insurance *** 30,000
Overheads
Shared Office space/expenses *** 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500
Sponcership fees *** 15,000 15,000
License & Registration Fees *** 20,000 10,000 10,000
Sales & Marketing Expenses *** 5,000 5,000 5,000 5,000 7,500 7,500 7,500 7,500
Business Travel (GCC/India) 10,000 10,000 10,000 10,000 12,000 12,000 12,000 12,000
India office operational expenses *** 27,000 27,000 27,000 27,000 29,100 29,100 29,100 29,100
Sales Commision for staff 7,743 7,743 7,743 7,743 9,114 9,114 9,114
Total outflow 50,000 186,000 168,743 168,743 176,243 207,393 183,764 183,764 191,264
Gross cashflow (in - out) 100,000 119,000 188,308 233,891 295,699 398,601 634,607 822,432 1,050,938
Self Withdrawal 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000
Existing Liabilities 70,000 16,000 16,000 16,000 5,000
Net Cash Flow 30,000 43,000 112,308 157,891 230,699 338,601 574,607 762,432 990,938
 Income Expense statement

2,019
Source of funds Q1 Q2 Q3 Q4
Investment
Carry forward Balance 990,938 1,138,311 1,450,150 1,685,686
Licenses Sales 199,433 229,348 229,348 229,348
Services 158,700 182,505 182,505 182,505
AMC 76,303 76,303
Revenue from India operations *** 73,456 84,475 84,475 84,475
Total inflow 1,422,527 1,710,942 1,946,478 2,258,317
Use of funds
Salary 58,080 58,080 58,080 58,080
Accomodation 49,613 49,613 49,613 49,613
Local Transport + Mobile phone bill 13,500 13,500 13,500 13,500
Staf Air-Tickets 7,500
End of service benefit
Visa charges + Insurance ***
Overheads
Shared Office space/expenses *** 12,500 12,500 12,500 12,500
Sponcership fees *** 15,000
License & Registration Fees *** 10,000
Sales & Marketing Expenses *** 10,000 10,000 10,000 10,000
Business Travel (GCC/India) 15,000 15,000 15,000 15,000
India office operational expenses *** 31,410 31,410 31,410 31,410
Sales Commision for staff 9,114 10,690 10,690 10,690
Total outflow 224,216 200,792 200,792 208,292
Gross cashflow (in - out) 1,198,311 1,510,150 1,745,686 2,050,024
Self Withdrawal 60,000 60,000 60,000 60,000
Existing Liabilities
Net Cash Flow 1,138,311 1,450,150 1,685,686 1,990,024
 Fixed Capital investment

31-Dec-17 31-Dec-18 31-Dec-19

Fixed Assets Dep Book Val Dep Book Val Dep Book Val
Office Furniture/Equipments 0 0 0 0 0 0
Computer Hardware/Appliances 4000 8000 4000 4000 4000 0
Computer Software 0 0 0 0 0 0
Vehicles 0 0 0 0 0 0
Total 4000 8000 4000 4000 4000 0

Capital Investment 12000

Leased Purchases (creditors) 0
Total 12000

Working Notes
Fixed Assets
2003 Original Val Life(months) Dep Value Dep Value Dep Value
Furnitures
PC/Laptop+Printer+fax 12000 36 4000 8000 4000 4000 4000 0
Off+project+visio
Car

12000 4000 8000 4000 4000 4000 0

 31-Dec-17 31-Dec-18 31-Dec-19
Fixed Assets
Total Fixed Assets 12000 8000 4000
Less: Depreciation 4000 4000 4000
Net Fixed Assets 8000 4000 0
Current Assets
Debtors
Cash in Bank 230699 990938 1990024
Current Liabilities
Creditors
Net Current Assets 1163157 2200720 3483609
Net Assets of the company 1171157 2204720 3483609

Represented by:
Share Capital 400000 400000 400000
Current Year Profit or Loss 771157 1033563 1278889
Retained Profit or Loss 771157 1804720
Owner's equity 1171157 2204720 3483609