diff --git a/erpnext/config/desktop.py b/erpnext/config/desktop.py
index 2b8dce0..c5a1320 100644
--- a/erpnext/config/desktop.py
+++ b/erpnext/config/desktop.py
@@ -60,7 +60,7 @@
 			"link": "List/Lead"
 		},
 		{
-			"module_name": "Profit and Loss Statment",
+			"module_name": "Profit and Loss Statement",
 			"_doctype": "Account",
 			"color": "#3498db",
 			"icon": "octicon octicon-repo",
diff --git a/erpnext/setup/setup_wizard/install_fixtures.py b/erpnext/setup/setup_wizard/install_fixtures.py
index 23549ff..84ac157 100644
--- a/erpnext/setup/setup_wizard/install_fixtures.py
+++ b/erpnext/setup/setup_wizard/install_fixtures.py
@@ -30,7 +30,7 @@
 		# salary component
 		{'doctype': 'Salary Component', 'salary_component': _('Income Tax'), 'description': _('Income Tax')},
 		{'doctype': 'Salary Component', 'salary_component': _('Basic'), 'description': _('Basic')},
-		
+
 		# expense claim type
 		{'doctype': 'Expense Claim Type', 'name': _('Calls'), 'expense_type': _('Calls')},
 		{'doctype': 'Expense Claim Type', 'name': _('Food'), 'expense_type': _('Food')},
@@ -209,5 +209,4 @@
 				# make sure DuplicateEntryError is for the exact same doc and not a related doc
 				pass
 			else:
-				raise
-
+				raise
\ No newline at end of file
diff --git a/erpnext/utilities/doctype/address_template/address_template.js b/erpnext/utilities/doctype/address_template/address_template.js
index 83d4fc8..c055bca 100644
--- a/erpnext/utilities/doctype/address_template/address_template.js
+++ b/erpnext/utilities/doctype/address_template/address_template.js
@@ -3,6 +3,14 @@
 
 frappe.ui.form.on('Address Template', {
 	refresh: function(frm) {
-
+		if(frm.is_new() && !frm.doc.template) {
+			// set default template via js so that it is translated
+			frappe.call({
+				method: 'erpnext.utilities.doctype.address_template.address_template.get_default_address_template',
+				callback: function(r) {
+					frm.set_value('template', r.message);
+				}
+			});
+		}
 	}
 });
diff --git a/erpnext/utilities/doctype/address_template/address_template.json b/erpnext/utilities/doctype/address_template/address_template.json
index 5002619..3e263be 100644
--- a/erpnext/utilities/doctype/address_template/address_template.json
+++ b/erpnext/utilities/doctype/address_template/address_template.json
@@ -15,6 +15,7 @@
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
+   "columns": 0, 
    "fieldname": "country", 
    "fieldtype": "Link", 
    "hidden": 0, 
@@ -40,6 +41,7 @@
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
+   "columns": 0, 
    "description": "This format is used if country specific format is not found", 
    "fieldname": "is_default", 
    "fieldtype": "Check", 
@@ -65,7 +67,8 @@
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
-   "default": "{{ address_line1 }}<br>{% if address_line2 %}{{ address_line2 }}<br>{% endif -%}\n{{ city }}<br>\n{% if state %}{{ state }}<br>{% endif -%}\n{% if pincode %}{{ pincode }}<br>{% endif -%}\n{{ country }}<br>\n{% if phone %}Phone: {{ phone }}<br>{% endif -%}\n{% if fax %}Fax: {{ fax }}<br>{% endif -%}\n{% if email_id %}Email: {{ email_id }}<br>{% endif -%}\n", 
+   "columns": 0, 
+   "default": "", 
    "description": "<h4>Default Template</h4>\n<p>Uses <a href=\"http://jinja.pocoo.org/docs/templates/\">Jinja Templating</a> and all the fields of Address (including Custom Fields if any) will be available</p>\n<pre><code>{{ address_line1 }}&lt;br&gt;\n{% if address_line2 %}{{ address_line2 }}&lt;br&gt;{% endif -%}\n{{ city }}&lt;br&gt;\n{% if state %}{{ state }}&lt;br&gt;{% endif -%}\n{% if pincode %} PIN:  {{ pincode }}&lt;br&gt;{% endif -%}\n{{ country }}&lt;br&gt;\n{% if phone %}Phone: {{ phone }}&lt;br&gt;{% endif -%}\n{% if fax %}Fax: {{ fax }}&lt;br&gt;{% endif -%}\n{% if email_id %}Email: {{ email_id }}&lt;br&gt;{% endif -%}\n</code></pre>", 
    "fieldname": "template", 
    "fieldtype": "Code", 
@@ -99,7 +102,7 @@
  "issingle": 0, 
  "istable": 0, 
  "max_attachments": 0, 
- "modified": "2016-07-25 05:24:26.636240", 
+ "modified": "2016-09-15 05:42:59.542484", 
  "modified_by": "Administrator", 
  "module": "Utilities", 
  "name": "Address Template", 
diff --git a/erpnext/utilities/doctype/address_template/address_template.py b/erpnext/utilities/doctype/address_template/address_template.py
index e759be4..64aaa45 100644
--- a/erpnext/utilities/doctype/address_template/address_template.py
+++ b/erpnext/utilities/doctype/address_template/address_template.py
@@ -9,6 +9,9 @@
 
 class AddressTemplate(Document):
 	def validate(self):
+		if not self.template:
+			self.template = get_default_address_template()
+
 		self.defaults = frappe.db.get_values("Address Template", {"is_default":1, "name":("!=", self.name)})
 		if not self.is_default:
 			if not self.defaults:
@@ -25,3 +28,15 @@
 	def on_trash(self):
 		if self.is_default:
 			frappe.throw(_("Default Address Template cannot be deleted"))
+
+@frappe.whitelist()
+def get_default_address_template():
+	'''Get default address template (translated)'''
+	return '''{{ address_line1 }}<br>{% if address_line2 %}{{ address_line2 }}<br>{% endif -%}\
+{{ city }}<br>
+{% if state %}{{ state }}<br>{% endif -%}
+{% if pincode %}{{ pincode }}<br>{% endif -%}
+{{ country }}<br>
+{% if phone %}'''+_('Phone')+''': {{ phone }}<br>{% endif -%}
+{% if fax %}'''+_('Fax')+''': {{ fax }}<br>{% endif -%}
+{% if email_id %}'''+_('Email')+''': {{ email_id }}<br>{% endif -%}'''