HOTEL

Rs.
In lakhs
Prom.
cost of the Project : Total cost Margin (%) Contribution
1. Land & Land Development 100 100% 100
2. Hotel Building 9500 30% 2850
3. Plant & Machinery 3800 25% 950
4. IT & Communication 500 27% 135
5. Furniture & Fixture 1100 25% 275
6. Incidental expenditure during constructi 600 100% 600
7. Preliminary Expenses 700 100% 700
8. Margin Money for Working Capital 100 100% 100
Total 16400 5710
Means of Finance : Rs. In lakhs
1. Promoters' Contribution & Unsecured

loans from friends & relatives 4231.34
2. Term loan from Bank/Financial
institution 7268.66
Total 11500
Working Capital : 400

Cash Credit from Bank 300
Eligeable
Bank's
Finance
0
6650
2850
365
825
0
0
0
10690
HOTELS RESTAURANTS EMPLOYEES COOPERATIVE HOTEL PROJECT
ANNEXURE : F 1(i)
LAND INCLUDING DEVELOPMENT
Rs in lacs
1 LAND
Land already acquired 0.00

The cost of land developmnet , filling etc is 10.00
Total 10.00
2 BUILDING AND CIVIL CONSTRUCTION

( As per Engineer's Estmate)
Main building 437.28
437.28
437.28
Add : Contingencies @ 2%
437.28
ANNEXURE : F 1(ii)
3 PLANT AND MACHINERY & OTHER FIXED ASSETS

Rs lacs Rs lacs
Qnty
A PLANT AND MACHINERY
1 Air Conditioner 12.5
2 Colour TV 7.50
3 Kithchen applinaces and utensils 7.50
4 Electrical Installation 12.00
39.50
5 IT & Communication 7.50
6 Furniture & Fixtures 142.44
189.44
189.44
4 Preliminary & Pre-operative expenses
1 Interest during constrction 0.00

2 Preliminary expense
Miscellaneous expenses including the

travelling & conveyance,salary & wages,
Postages, Telegram & Telephone, Printing &
stationery, upfront fees etc. Project report,
Consultancy etc 5.00
5.00
Grand Total 5.00

AMIT METALIKS LTD. HOTEL PROJECT
ANNEXURE : F 3
ASSUMPTIONS
Rupees
1 Salaries
Manager 1 42000
Room Boys 3 43200
Asst Manager 1 30000
Security 1 14400
129600
An increment of 5% each year is estimated
2 Electircity
Estimated pm @ 6000 72000
72000
3 Water Charges are estimated at Rs 3000 pa

4 Repair & Maintenance is estimated at the following percent of

actula cost of assets
Cost Rep Rate
Building 43728000 1% 437280
P&M 18944000 2% 378880
816160
5 Sanitation Charges are estiamted at Rs 15000 pa

6 Other Administrative expenses are estiamted at Rs 1500 pm

NITIN MANEK & ASSOCIATES xxx June'2009

PROJECT HIGHLIGHTS
1 Name of the Unit : HOTEL PRITIKA
2 Constitution : COOPERATIVE SOCIETY
3 Name of the Owner : HOTELS & RESTAURANTS EMPLOYEES COOPERATIVE
4 Location : Bidhannagar, Durgapur - 7131212
5 Industry : HOTEL
6 Feasibility Report : Inhouse research
7 Installed Capacity : 31 room
8 Project cost & Means of Rs Lacs

Finance :
Land Development 10.00
Hotel Buliding 437.28
Plant & Machinery 39.50
IT & Communication 7.50
Furniture & Fixtures 142.44
Preliminary & operative Expenses 5.00
641.72
Margin for Working capital requirement 11.34
Total cost of project 653.06
Proposed Source of Finance:

Term Loan Bank/FI 0.00
Promoters Contribution
Equity Capital & Premium 653.06
Unsecured loan from director,relatives 0.00
(Quasi Equity) 653.06
9 Financial Parameters
Debt to equity ratio : 0.00 :1
Cash Break even Point : 16%
10 Infrastructure
Power : DPL/DVC
Water : DMC/BOREWELL
11 Category : Smal Scale Industry
12 Employment potential : 32
13 Promoters & Management : The Promoters have good market reputation and
credibility.They have good contacts and
moreover are of sound financial background.They
can mobilise fresh investment to the required
extent to fulfill the obligation of promoter's
contribution.
OPERATIVE
PROJECT FINANCIALS
TABLE OF CONTENTS
SL PARTICULARS ANNEXURE NO
1 PROJECT COST ANNEXURE : F 1
2 DEPRECIATION SCH(CO. ACT) ANNEXURE : F 2
3 DEPRECIATION SCH(IT. ACT) ANNEXURE : F 3
4 INCOME TAX COMPUTATION ANNEXURE : F 4
5 REVENUE & ASSUMPTIONS ANNEXURE : F 5
6 PROJECTED PROFIT & LOSS ACCOUNT ANNEXURE : F 6
7PROJECTED BALANCE SHEET ANNEXURE : F 7
8 STATEMENT OF WORKING CAPITAL ANNEXURE : F 8
9 PROJECTED CASH FLOW STATEMENT ANNEXURE : F 9
10 BREAK EVEN POINT & PAYBACK PERIOD ANNEXURE : F 10
11 COMPUTATION OF IRR OF THE PROJECT ANNEXURE : F 11
12 DEBT SERVICE COVERAGE RATIO ANNEXURE : F 12
13 TERM LOAN SCHEDULE ANNEXURE : F 13

ANNEXURE : F 1
PROJECT COST
The estimated cost of the project is as follows:
Rs. in Lacs
a) Fixed capital 641.72

b) Margin for Working capital 11.34
Total 653.06
Fixed capital :- The fixed capital break-up is as follows.
A. Land Development 10.00

B. Hotel Buliding 437.28
C. Plant & Machinery 39.50
D. IT & Communication 7.50
E. Furniture & Fixtures 142.44
F. Preliminary & operative Expenses 5.00
Total fixed cost 641.72
Margin for Working capital requirement 11.34

as per Working Capital Schedule
Total cost of project 653.06
Proposed Source of Finance:
A. Term Loan Bank/FI 0.00

B. Promoters Contribution
Equity Share Capital & Premium 653.06
Unsecured loan from Directors 0.00 653.06
(Quasi Equity)
653.06
DEBT EQUITY RATIO = 0.00 : 1

ANNEXURE : F 2
DEPRECIATION SCHEDULE
(As per Companies Act) Rs lacs
Particulars Cost Prel exp Total
Building & other Civil Works 437.28 3.00 440.28
Plant and Machinery and 189.44 2.00 191.44

Other Fixed Assets
Total 626.72 5.00 631.72
For Building and other civil work 10%

Year Op. WDV Depreciation Cl. WDV
2013 440.28 44.03 396.25
2014 396.25 39.63 356.62
2015 356.62 35.66 320.96
2016 320.96 32.10 288.86
2017 288.86 28.89 259.97
2018 259.97 26.00 233.97
2019 233.97 23.40 210.57
For Plant & Machinery 13.91%
2013 191.44 26.63 164.81
2014 164.81 22.93 141.88
2015 141.88 19.74 122.14
2016 122.14 16.99 105.15
2017 105.15 14.63 90.52
2018 90.52 12.59 77.93
2019 77.93 10.84 67.09
Total Depreciation
on Bldg &
civil
Year works P&M Total Dep Cum Dep.
On P&M
10% 14%
2013 44.03 26.63 70.66 70.66
2014 39.63 22.93 62.56 133.22
2015 35.66 19.74 55.40 188.62
2016 32.10 16.99 49.09 237.71
2017 28.89 14.63 43.52 281.23
2018 26.00 12.59 38.59 319.82
2019 23.40 10.84 34.24 354.06
ANNEXURE : F 3
DEPRECIATION SCHEDULE
(As per Income Tax Act) Rs lacs
Particulars Cost Prel Total

exp
Building & other Civil Works 437.28 3.00 440.28
Plant and Machinery and 189.44 2.00 191.44

Other Fixed Assets
Total 626.72 5.00 631.72
For Building and other civil work 10%

2013 440.28 44.03 396.25
2014 396.25 39.63 356.62
2015 356.62 35.66 320.96
2016 320.96 32.10 288.86
2017 288.86 28.89 259.97
2018 259.97 26.00 233.97
2019 233.97 23.40 210.57
For Plant & Machinery 15%
2013 191.44 28.72 162.72
2014 162.72 24.41 138.31
2015 138.31 20.75 117.56
2016 117.56 17.63 99.93
2017 99.93 14.99 84.94
2018 84.94 12.74 72.20
2019 72.20 10.83 61.37
Total Depreciation
on Bldg &
civil
Year works P&M Total DepCum Dep.
On P&M
10% 15%
2013 44.03 28.72 72.75 72.75
2014 39.63 24.41 64.04 136.79
2015 35.66 20.75 56.41 193.20
2016 32.10 17.63 49.73 242.93
2017 28.89 14.99 43.88 286.81
2018 26.00 12.74 38.74 325.55
2019 23.40 10.83 34.23 359.78
ANNEXURE : F 4
INCOME TAX SCHEDULE

2021 2022 2023 2024 2025 2026
Net Profit as per P/L A/C 156.41 184.57 209.89 235.55 267.23 298.59
Add : Depn. As per Co. Act 70.66 62.56 55.40 49.09 43.52 38.59
227.07 247.13 265.29 284.64 310.75 337.18
Less : Depn as per IT Act 72.75 64.04 56.41 49.73 43.88 38.74
Taxable Income 154.32 183.09 208.88 234.91 266.87 298.44
Less : Brought forward loss set of 0.00 0.00 0.00 0.00 0.00 0.00
Net Taxable Income 154.32 183.09 208.88 234.91 266.87 298.44
A. Income tax @ 30.09% 46.43 55.09 62.85 70.68 80.30 89.80

B. Minimum Alternative tax @ 11.33% 18.00 21.00 24.00 27.00 30.00 34.00
Tax Payable(A or B Whichever is higher) 46.43 55.09 62.85 70.68 80.30 89.80
ANNEXURE : F5
REVENUE & ASSUMPTION SCHEDULE
YEAR ENDED 31.03…… 2021 2022 2023 2024 2025 2026
REVENUE
Occupancy Rate 60% 60% 60% 60% 60% 60%
Operating Days - No. 360 360 360 360 360 360
Number of Rooms 31 31 31 31 31 31
Single Bed 5 5 5 5 5 5
Double Bed 26 26 26 26 26 26
Total Guests 12312 12312 12312 12312 12312 12312
ROOM TARIFF (Rs.)

Single Bed 1200 1300 1400 1500 1600 1700
Double Bed 1750 1900 2000 2100 2300 2500
AVERAGE FOOD BILL/GUEST(Rs.) 300 330 363 399 439 483
Income from Restaurant

Seating Capacity 75 75 75 75 75 75
No. of operating hours 8 8 8 8 8 8
No. of hours required to serve a custo 1 1 1 1 1 1
Average occupancy 50% 50% 50% 50% 50% 50%
Total no. of customer served daily 300 300 300 300 300 300
AVERAGE FOOD BILL/CUSTOMER(Rs.) 200 220 242 266 293 322
(Rs. in Lacs)
Income from Room Tarif 111.24 120.74 127.44 134.14 146.45 158.76
Income from Food 252.94 278.23 306.05 336.40 370.49 407.23
Income from Beverages 150.39 158.21 166.03 174.45 183.48 192.50
Miscellaneous Income (laundry etc) 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL INCOME 514.57 557.18 599.52 644.99 700.42 758.49
INCOME FROM BEVERAGES
Number of Guests 12312 12312 12312 12312 12312 12312
Average % of guests who use Bar 50% 50% 50% 50% 50% 50%
Number of guests using Bar 6156 6156 6156 6156 6156 6156
No. of restaurant customers using bar 54000 54000 54000 54000 54000 54000
Average billing per guest (Rs.) 250 263 276 290 305 320
Income from Beverages 150.39 158.21 166.03 174.45 183.48 192.50
YEAR ENDED 31.03…… 2021 2022 2023 2024 2025 2026

EXPENSES
COST OF FOOD
Revenue from Food sales 252.94 278.23 306.05 336.40 370.49 407.23
Average % of Cost of food on food sal 40% 40% 40% 40% 40% 40%
Cost of food 101.18 111.29 122.42 134.56 148.20 162.89
COST OF BEVERAGES
Revenue from Beverages 150.39 158.21 166.03 174.45 183.48 192.5
Average % of Beverage cost 40% 40% 40% 40% 40% 40%
Cost of Beverages 60.16 63.28 66.41 69.78 73.39 77.00
Total Cost of Food & Beverages 161.34 174.57 188.83 204.34 221.59 239.89
COST OF CONSUMABLES
Cost of Cleaning supplies to total sale 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
COST OF CLEANING SUPPLIES 10.29 11.14 11.99 12.90 14.01 15.17
Cost of Operating Supplies to total sal 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
COST OF OPERATING SUPPLIES 10.29 11.14 11.99 12.90 14.01 15.17
Cost of Laundry Supplies to total sales 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
HOTELS RESTAURANTS
COSTEMPLOYEES
OF LAUNDRYCOOPERATIVE
SUPPLIES 7.72 8.36 8.99 9.67 10.51 HOTEL PROJECT
11.38
Total Cost of consumables to total sale 5.50% 5.50% 5.50% 5.50% 5.50% 5.50%
Cost of Consumables 28.30 30.64 32.97 35.47 38.53 41.72
POWER & FUEL

Maximum power consumption
for 24 hours / day at 100% capacity 15 15 15 15 15 15
Number of Rooms 31 31 31 31 31 31
Capacity Utilisation presumed 60% 60% 60% 60% 60% 60%
No.of Units consumped per year 100440 100440 100440 100440 100440 100440
Average power tarif per unit 6.5 6.6 7.15 7.7 7.85 8.64
Cost of Power 6.53 6.63 7.18 7.73 7.88 8.68
Cost of Fuel @ 5% of Food Sales 12.65 13.91 15.30 16.82 18.52 20.36
Cost of Power and Fuel 19.18 20.54 22.48 24.55 26.40 29.04
RENT, RATES & TAXES

GST 12% 12% 12% 12% 12% 12%
GST Payable 13.35 14.49 15.29 16.10 17.57 19.05
GST on Food & Beverage Income 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
GST Payable 20.17 21.82 23.60 25.54 27.70 29.99
Total Tax Payable 33.52 36.31 38.89 41.64 45.27 49.04
2021 2022 2023 2024 2025 2026

OTHER SALES & ADMN EXPENSES
Cost of Laundry Expenses as % of sale 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
COST OF LAUNDRY EXPENSES 10.29 11.14 11.99 12.90 14.01 15.17
Selling & Ad expenses as % of sales 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
SELLING & AD EXPENSES 5.15 5.57 6.00 6.45 7.00 7.58
Prntg & Sty expenses as % of sales 0.25% 0.25% 0.25% 0.25% 0.25% 0.25%
PRINTING & STATIONERY 1.29 1.39 1.50 1.61 1.75 1.90
Insurance & Taxes as % of sales 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
INSURANCE & TAXES 5.15 5.57 6.00 6.45 7.00 7.58
Telephones etc as % of sales 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
TELEPHONES & COMMUNICATION 7.72 8.36 8.99 9.67 10.51 11.38
Administrative expenses as % of sales 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
ADMINISTRATIVE EXPENSES 7.72 8.36 8.99 9.67 10.51 11.38
Professional fee as % of sales 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
PROFESSIONAL FEE ETC. 2.57 2.79 3.00 3.22 3.50 3.79
Total Expenses as % of sales 7.75% 7.75% 7.75% 7.75% 7.75% 7.75%
Total Sales & Admn. Exp. 39.88 43.18 46.46 49.99 54.28 58.78
SALARY & WAGES PER MONTH Number Rupees Total
General Manager 1 15000 15000

Accountant 2 5000 10000
Chef 2 4500 9000
Cook 4 6000 24000
Room Boys 4 3000 12000
House Keeping 2 3250 6500
Waiter 10 3500 35000
Gardener 1 3000 3000
Computer operator cum cashier 1 7000 7000
Receptionist 1 6000 6000
Sweeper 2 2500 5000
Security 2 3500 7000
32 139500
Add : Benefits(25%) 34875
174375
An increment of 5 % is assumed in subsequent years
ANNEXURE : F 6
PROJECTED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH
Rs in lacs
YEAR ENDED 31.03…… 2021 2022 2023 2024 2025 2026
A REVENUE
(As per Revenue Schedule)
Gross Sale/Income 548.09 593.49 638.41 686.63 745.69 807.53
Less : GST & Other Taxes 33.52 36.31 38.89 41.64 45.27 49.04
Net Sales/Income 514.57 557.18 599.52 644.99 700.42 758.49
B EXPENDITURE
1 Food & Beverages consumed 161.34 174.57 188.83 204.34 221.59 239.89
2 Other Consumables Stores 28.30 30.64 32.97 35.47 38.53 41.72
3 Staf Salaries 20.93 21.97 23.07 24.22 25.43 26.70
4 Power & Fuel charges 19.18 20.54 22.48 24.55 26.40 29.04
5 Repair & Maintenance 15.44 16.72 17.99 19.35 21.01 22.75
6 Other Administrative expenses 39.88 43.18 46.46 49.99 54.28 58.78
285.07 307.62 331.80 357.92 387.24 418.88
C PROFIT BEF.INTEREST & DEPR 229.50 249.56 267.72 287.07 313.18 339.61
Depreciation - Fixed Assets 70.66 62.56 55.40 49.09 43.52 38.59

Interest on :Term Loan 0.00 0.00 0.00 0.00 0.00 0.00
Interest on cash credit 2.43 2.43 2.43 2.43 2.43 2.43
D PROFIT BEFORE TAX 156.41 184.57 209.89 235.55 267.23 298.59
Provision for Income Tax 46.43 55.09 62.85 70.68 80.30 89.80
E PROFIT AFTER TAX 109.98 129.48 147.04 164.87 186.93 208.79
F Profit B/F from Last year 0.00 109.98 239.46 386.50 551.37 738.30
G Profit Trf to Balance Sheet 109.98 239.46 386.50 551.37 738.30 947.09
H CASH ACCRUALS 180.64 192.04 202.44 213.96 230.45 247.38

ANNEXURE : F 7
PROJECTED BALANCE SHEET AS ON 31ST MARCH
SOURCES OF FUNDS 2021 2022 2023 2024 2025 2026
Shareholders Fund
Proprietors Capital 653.06 653.06 653.06 653.06 653.06 653.06
Reserves & Surpluses

Profit & Loss Account 109.98 239.46 386.50 551.37 738.30 947.09
Share Premium Account 0.00 0.00 0.00 0.00 0.00 0.00
Secured Loans
Term Loan from Bank 0.00 0.00 0.00 0.00 0.00 0.00
Cash Credit from Bank 18.00 18.00 18.00 18.00 18.00 18.00
Unsecured loan
Directors,Friends & Relatives 0.00 0.00 0.00 0.00 0.00 0.00
781.04 910.52 1057.56 1222.43 1409.36 1618.15

APPLICATION OF FUNDS
Fixed Assets
Gross Block 641.72 641.72 641.72 641.72 641.72 641.72
Less : Depreciation to date 70.66 133.22 188.62 237.71 281.23 319.82
Net Block 571.06 508.50 453.10 404.01 360.49 321.90
Investment Reserve 0.00 20.00 40.00 60.00 80.00 100.00
Fixed Deposits 60.00 60.00 80.00 100.00 150.00 200.00
Net Current Assets 29.34 31.77 34.22 36.86 40.02 43.33

(As per Work cap Sch)
Other Current Assets 40.00 60.00 70.00 80.00 90.00 100.00
Cash & Bank Balances 80.64 230.25 380.24 541.56 688.85 852.92
781.04 910.52 1057.56 1222.43 1409.36 1618.15

STATEMENT OF WORKING CAPITAL ANNEXURE : F 8
SL PARTICULARS 2021 2022 2023 2024 2025 2026
1 Sundry Debtors 21.44 23.22 24.98 26.87 29.18 31.60

2 Raw Materials & Consumables 7.90 8.55 9.24 9.99 10.84 11.73
3 Advance to suppliers 0.00 0.00 0.00 0.00 0.00 0.00
Total 29.34 31.77 34.22 36.86 40.02 43.33
3 S.Creditors & Liabilities 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00
5 Working capital Gap 29.34 31.77 34.22 36.86 40.02 43.33
6 Margin 11.34 13.77 16.22 18.86 22.02 25.33

39% 43% 47% 51% 55% 58%
7 Bank finance for w.c. 18.00 18.00 18.00 18.00 18.00 18.00
8 Interest on Work. cap @

2.43 2.43 2.43 2.43 2.43 2.43
9 Increase in Working capital investment 2 2 3 3 3

ANNEXURE : F 9
PROJECTED CASH FLOW STATEMENT
PARTICULARS Const.Period 2021 2022 2023 2024 2025 2026
A SOURCE OF FUNDS
Profit After Tax 0.00 109.98 129.48 147.04 164.87 186.93 208.79
Depreciation 0.00 70.66 61.56 54.40 50.09 44.52 37.59
Increase in Promotors Contribution 641.72 11.34 0.00 0.00 0.00 0.00 0.00
Increase In term loan 0.00
Increase in Unsecured loan 0.00
Increase in Working Cap.limit 18.00 0.00 0.00 0.00 0.00 0.00
Total (A) 641.72 209.98 191.04 201.44 214.96 231.45 246.38
APPLICATION OF FUNDS:
Investment in Fixed Assets 641.72
Repayment of Term Loan 0.00 0.00 0.00 0.00 0.00 0.00
Inc. in Bank Deposits 60.00 0.00 20.00 20.00 50.00 50.00
Inc.in work capital(net cur.assets) 29.34 2.43 2.45 2.64 3.16 3.31
Inc. in other current assets 40.00 20.00 10.00 10.00 10.00 10.00
Capital WIP 0.00 20.00 20.00 20.00 20.00 20.00
Total (B) 641.72 129.34 42.43 52.45 52.64 83.16 83.31
Opening Cash & Bank Balance 0.00 0.00 80.64 229.25 379.24 541.56 688.85
Surplus/ (Deficit) 0.00 80.64 148.61 149.99 162.32 147.29 164.07
Closing Cash & Bank Balance 0.00 80.64 229.25 379.24 541.56 688.85 852.92
ANNEXURE : F 10
1. BREAK EVEN POINT

YEAR 2021 2022 2023 2024 2025 2026
Occupancy 60% 60% 60% 60% 60% 60%
Revenue 514.57 557.18 599.52 644.99 700.42 758.49

Variable Cost (Rs lacs)
Power & Fuel(70%) 19.18 20.54 22.48 24.55 26.40 29.04
Raw Materials 161.34 174.57 188.83 204.34 221.59 239.89
Consumables 28.30 30.64 32.97 35.47 38.53 41.72
Repair & Maint.(60%) 9.26 10.03 10.79 11.61 12.61 13.65
Sales & Adm Exp(60%) 23.928 25.908 27.876 29.994 32.568 35.268
Interest on CC 2.43 2.43 2.43 2.43 2.43 2.43
244.44 264.12 285.38 308.39 334.12 362.00
Contribution 270.13 293.06 314.14 336.60 366.30 396.49
P/V Raio 52.50% 52.60% 52.40% 52.19% 52.30% 52.27%
Fixed costs (Rs lacs)*
Depreciation 70.66 62.56 55.40 49.09 43.52 38.59
Staff Salaries 20.93 21.97 23.07 24.22 25.43 26.70
Repair & Maint.(40%) 6.18 6.69 7.20 7.74 8.40 9.10
Sales & Admn(40%) 15.95 17.27 18.58 20.00 21.71 23.51
Interest on :Term Loan 0.00 0.00 0.00 0.00 0.00 0.00
113.71 108.49 104.25 101.05 99.07 97.90
Net Profit 156.42 184.57 209.89 235.55 267.23 298.59
Break Even Level % 42% 37% 33% 30% 27% 25%
Break Even Sales (Rs) 216.61 206.27 198.96 193.63 189.43 187.29
Cash Break Even Point
Cash Fixed Costs 43.05 45.93 48.85 51.96 55.55 59.31
Break Even Level % 16% 16% 16% 15% 15% 15%
Break Even Sales (Rs) 90.00 90.00 100.00 100.00 110.00 120.00
ANNEXURE : F 11
COMPUTATION OF IRR OF THE PROJECT
YEAR Cash outflows Cash Inflow Net flow

0 Cost of Project 641.72
0.00
641.72 -641.72
1 31.03.2015 ** CASH ACCRUALS 180.64 180.64
2 31.03.2016 CASH ACCRUALS 192.04 192.04
3 31.03.2017 CASH ACCRUALS 202.44 202.44
4 31.03.2018 CASH ACCRUALS 213.96 213.96
5 31.03.2019 CASH ACCRUALS 230.45 230.45
6 31.03.2020 CASH ACCRUALS 247.38 247.38
* CASH ACCRUALS 331.90
* Net Terminal Inflow=
CASH ACCRUALS
+Residual value of land 10.00
+Residual value of F. 321.90
Assets
331.90
INTERNAL RATE OF RETURN 27%

** CASH ACCRUALS = PAT + DEP
ANNEXURE : F 12
DEBT SERVICE COVERAGE RATIO
PARTICULARS 2021 2022 2023 2024 2025 2026

A1 Cash Accruals
(PAT+DEP) 180.64 192.04 202.44 213.96 230.45 247.38
A2 Interest on term loan 0.00 0.00 0.00 0.00 0.00 0.00
Total-(A) 180.64 192.04 202.44 213.96 230.45 247.38
B1 Repayment of
term loan (Principal) 0.00 0.00 0.00 0.00 0.00 0.00
B2 Interest 0.00 0.00 0.00 0.00 0.00 0.00
Total (B) 0.00 0.00 0.00 0.00 0.00 0.00
C D.S.C.R. Net(A1/B1) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

D.S.C.R. Gross (A/B) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Average DSCR Net #DIV/0!

Average DSCR Gross #DIV/0!
ANNEXURE : F 13
TERM LOAN INTEREST & REPAYMENT SCHEDULE
Assumptions
Santion & Documentation Nov-12
Disbursement starts Dec-12
Moratorium 0 months from first disbursement i.e Dec-12
Date of completion Mar-14 (Const period Dec'12 - Mar-14 )
Repayment starts from 0 th Month i.e Apr-15
Term loan Rs 0 lacs
Interest rate 13.50% Quarterely compounding
Repayment 20 equal quarterly instalments of Rs 0.00 lacs+ Interest
(5 years excluding moratorium) Rs in lacs
Year ended 31.3. 2020 2021 2022 2023 2024 2025 2026 2027 2028
First quarter
Opening balance - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Disbursement - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Closing balance - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Second Quarter
Opening balance+Disb - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Disbursement - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Closing balance - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Third quarter
Opening balance/Disb - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Disbursement - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Closing balance - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fourth Quarter
Opening balance/Disb 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Disbursement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Repayment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Closing balance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Yearly-Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Principal Repayment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Repayment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest during const 0.00 0.00 0.00

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
FORM II - OPERATING STATEMENT
Name: M/S HOTELS & RESTAURANTS EMPLOYEES COOPERATIVE
Amounts in Rs. Lacs
Projection Projection Projection Projection Projection Projection

Financial Year ended / ending 2021 2022 2023 2024 2025 2026
No.of months 12 12 12 12 12 12
1. Gross Sales
i. Domestic Sales 514.57 557.18 599.52 644.99 700.42 758.49
ii. Export Sales
Total 514.57 557.18 599.52 644.99 700.42 758.49
2. Less Excise Duty
3. Net Sales (1 - 2) 514.57 557.18 599.52 644.99 700.42 758.49
4. % age rise (+) or fall (-) in net sales
as compared to previous year (annualised) 8.28% 7.60% 7.58% 8.59% 8.29%
5. Cost of Sales
i. Raw materials (including stores and
other items used in the process of
manufacture) 161.34 174.57 188.83 204.34 221.59 239.89
a. Imported
b. Indigenous 161.34 174.57 188.83 204.34 221.59 239.89
ii. Other Spares 28.30 30.64 32.97 35.47 38.53 41.72
a. Imported
b. Indigenous 28.30 30.64 32.97 35.47 38.53 41.72
iii. Power and Fuel 19.18 20.54 22.48 24.55 26.40 29.04
iv. Direct Labour (Factory wages & salaries) 20.93 21.97 23.07 24.22 25.43 26.70
v. Other manufacturing expenses 15.44 16.72 17.99 19.35 21.01 22.75
vi. Depreciation 70.66 62.56 55.40 49.09 43.52 38.59
vii. Sub-total (i to vi) 315.85 327.00 340.74 357.02 376.48 398.69
viii. Add: Opening Stock-in-process 0.00 0.00 0.00 0.00 0.00 0.00
Sub-total (vii + viii) 315.85 327.00 340.74 357.02 376.48 398.69
ix. Deduct: Closing Stock-in-process 0.00 0.00 0.00 0.00 0.00 0.00
x. Cost of Production 315.85 327.00 340.74 357.02 376.48 398.69
xi. Add: Opening Stock of finished goods 0.00 0.00 0.00 0.00 0.00
Sub-total (x + xi) 315.85 327.00 340.74 357.02 376.48 398.69
xii. Deduct: Closing Stock of finished goods 0.00 0.00
xiii. Sub-total (Total Cost of Sales) 315.85 327.00 340.74 357.02 376.48 398.69
6. Selling, general and administrative expenses 39.88 43.18 46.46 49.99 54.28 58.78
7. Sub-total (5 + 6) 355.73 370.18 387.20 407.01 430.76 457.47
8. Operating Profit before Interest (3 - 7) 158.84 187.00 212.32 237.98 269.66 301.02
9. Interest 2.43 2.43 2.43 2.43 2.43 2.43
10. Operating Profit after Interest (8 - 9) 156.41 184.57 209.89 235.55 267.23 298.59
11. i. Add: Other non-operating Income
a. Sale of Fixed Assets 0.00 0.00 0.00 0.00 0.00 0.00
b. Others
c.
d.
Sub-total (Income) 0.00 0.00 0.00 0.00 0.00 0.00
ii. Deduct: Other non-operating expenses 0.00 0.00 0.00 0.00 0.00 0.00
a. Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00 0.00
b.
c.
d.
Sub-total (Expenses) 0.00 0.00 0.00 0.00 0.00 0.00
iii. Net of other non-operating income /
expenses [net of 11(i) & 11(ii)] 0.00 0.00 0.00 0.00 0.00 0.00
12. Profit before tax/loss [10 + 11(iii)] 156.41 184.57 209.89 235.55 267.23 298.59
13. a) Provision for taxes 46.43 55.09 62.85 70.68 80.30 89.80
b) Deferred for Tax Liability(-) Assets(+) 0.00
14. Net Profit / Loss (12 -13) 109.98 129.48 147.04 164.87 186.93 208.79
15. a. Equity dividend paid-amount
(Already paid + B.S. provision) 0.00 0.00
b. Dividend Rate (% age)
c. Other Appropriations
16. Retained Profit (14 - 15) 109.98 129.48 147.04 164.87 186.93 208.79
17. Retained Profit / Net Profit (% age) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
Amounts in Rs. Lacs

Year 2021 2022 2023 2024 2025 2026
A. CURRENT ASSETS
1. Raw materials (incl. stores & other items
used in the process of manufacture)
a. Imported 0.00 0.00 0.00 0.00 0.00 0.00
Month's Consumption
b. Indigenous 0.00 0.00 0.00 0.00 0.00 0.00
Month's Consumption
2. Other Consumable spares, excluding
those included in 1 above
a. Imported 0.00 0.00 0.00 0.00 0.00 0.00
Month's Consumption
b. Indigenous 7.90 8.55 9.24 9.99 10.84 11.73
Month's Consumption (3.35) (3.35) (3.36) (3.38) (3.38) (3.37)
3. Stock-in-process 0.00 0.00 0.00 0.00 0.00 0.00
Month's cost of production
4. Finished goods 0.00 0.00 0.00 0.00 0.00 0.00
Month's cost of sales
5. Receivables other than export & deferred
receivables (incl. bills purchased &
discounted by bankers) 21.44 23.22 24.98 26.87 29.18 31.60
Month's domestic sales: excluding
deferred payment sales (0.50) (0.50) (0.50) (0.50) (0.50) (0.50)
6. Export receivables (incl. bills purchased
and discounted) 0.00 0.00 0.00 0.00 0.00 0.00
Month's export sales
7. Advances to suppliers of raw materials &
stores / spares, consumables 0.00 0.00 0.00 0.00 0.00 0.00
8. Other current assets incl. cash & bank
balances & deferred receivables due
within one year 180.64 350.25 530.24 721.56 928.85 1152.92
Cash and Bank Balances 80.64 230.25 380.24 541.56 688.85 852.92
Investments (other than long term): 60.00 60.00 80.00 100.00 150.00 200.00
i. Govt. and other trustee securities 0.00 0.00 0.00 0.00 0.00 0.00
ii. Fixed Deposits with banks 60.00 60.00 80.00 100.00 150.00 200.00
Instalments of deferred receivables
(due within 1 year) 0.00 0.00 0.00 0.00 0.00 0.00
Advance payment of taxes 0.00 0.00 0.00 0.00 0.00 0.00
Other current assets 40.00 60.00 70.00 80.00 90.00 100.00
9. Total Current Assets 209.98 382.02 564.46 758.42 968.87 1196.25
(To agree with item 34 in Form III)
FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
Amounts in Rs. Lacs

Year 2021 2022 2023 2024 2025 2026
B. CURRENT LIABILITIES
(Other than bank borrowings for working capital)
10. Creditors for purchase of raw materials,

stores & consumable spares 0.00 0.00 0.00 0.00 0.00 0.00
Month's purchases
11. Advances from customers 0.00 0.00 0.00 0.00 0.00 0.00
12. Statutory liabilities 0.00 0.00 0.00 0.00 0.00 0.00
13 Other current liabilities: 0.00 0.00 0.00 0.00 0.00 0.00
Short term borrowings from others 0.00 0.00 0.00 0.00 0.00 0.00
Provision for taxation 0.00 0.00 0.00 0.00 0.00 0.00
Dividend payable 0.00 0.00 0.00 0.00 0.00 0.00
Deposits / instalments of term loans / DPGs
/ debentures etc. (due within 1 year) 0.00 0.00 0.00 0.00 0.00 0.00
Other current liabilities & provisions
(due within 1 year) 0.00 0.00 0.00 0.00 0.00 0.00
14. Total (To agree with total B of Form-III) 0.00 0.00 0.00 0.00 0.00 0.00
FORM III - ANALYSIS OF BALANCE SHEET
LIABILITIES
Amounts in Rs. Lacs

No.of months 12 12 12 12 12 12
CURRENT LIABILITIES
1. Short-term borrowing from banks (including
bills purchased, discounted & excess
borrowing placed on repayment basis)
i. State Bank of India
ii. Others 18.00 18.00 18.00 18.00 18.00 18.00
iii. (of which BP & BD)
Sub-total [i + ii] (A) 18.00 18.00 18.00 18.00 18.00 18.00
2. Short term borrowings from others
3. Sundry Creditors (Trade) 0.00 0.00 0.00 0.00 0.00 0.00
4. Advance payments from customers /
deposits from dealers
5. Provision for taxation
6. Dividend payable
7. Other statutory liabilities (due within 1 year)
8. Deposits / instalments of term loans /
DPGs / debentures etc. (due within 1 year) 0.00 0.00 0.00 0.00 0.00 0.00
9. Other current liabilities & provisions
(due within 1 year) - specify major items 0.00 0.00 0.00 0.00 0.00 0.00
a. Other Outstanding Liabilities payable
b. Other Liabilities
c.
d.
Sub total [2 to 9] (B) 0.00 0.00 0.00 0.00 0.00 0.00
10. Total current liabilities [A + B] 18.00 18.00 18.00 18.00 18.00 18.00
TERM LIABILITIES
11. Debentures (not maturing within 1 year)
12. Preference Shares (redeemable after 1 year)
13. Term loans (excluding instalments
payable within 1 year) 0.00 0.00 0.00 0.00 0.00 0.00
14. Deferred Payment Credits (excluding
instalments due within 1 year)
15. Term deposits (repayable after 1 year)
16. Other term liabilities
17. Total Term Liabilities [11 to 16] 0.00 0.00 0.00 0.00 0.00 0.00
18. Total Outside Liabilities [10 + 17] 18.00 18.00 18.00 18.00 18.00 18.00
NET WORTH
19. Ordinary Share Capital 653.06 653.06 653.06 653.06 653.06 653.06
20. General Reserve
21. Revaluation Reserve
22. Other Reserves (excluding Provisions)
23. Surplus (+) or deficit (-) in Profit & Loss a/c 109.98 239.46 386.50 551.37 738.30 947.09
23. a. Share Application money
b. Share Premium Account 0.00 0.00 0.00 0.00 0.00 0.00
c. Deferred Tax Liability A/c
d. Others
e. Unsecured loan from directors/relatives 0.00 0.00 0.00 0.00 0.00 0.00
24. Net Worth 763.04 892.52 1039.56 1204.43 1391.36 1600.15
25. TOTAL LIABILITIES [18 + 24] 781.04 910.52 1057.56 1222.43 1409.36 1618.15
FORM III - ANALYSIS OF BALANCE SHEET (Continued)
ASSETS
Amounts in Rs. Lacs

No.of months 12 12 12 12 12 12
CURRENT ASSETS
26. Cash and Bank Balances 80.64 230.25 380.24 541.56 688.85 852.92
27. Investments (other than long term) 60.00 60.00 80.00 100.00 150.00 200.00
i. Govt. and other trustee securities
ii. Fixed Deposits with banks 60.00 60.00 80.00 100.00 150.00 200.00
28. i. Receivables other than deferred &
exports (incldg. bills purchased and
discounted by banks) 21.44 23.22 24.98 26.87 29.18 31.60
ii. Export receivables (incldg. bills
purchased/discounted by banks)
29. Instalments of deferred receivables
(due within 1 year)
30. Inventory: 7.90 8.55 9.24 9.99 10.84 11.73
manufacture) 0.00 0.00 0.00 0.00 0.00 0.00
a. Imported
b. Indigenous
ii. Stocks-in-process 0.00 0.00 0.00 0.00 0.00 0.00
iii. Finished goods 0.00 0.00 0.00 0.00 0.00 0.00
iv. Other consumable spares 7.90 8.55 9.24 9.99 10.84 11.73
a. Imported
b. Indigenous 7.90 8.55 9.24 9.99 10.84 11.73
31. Advances to suppliers of raw materials
and stores/spares 0.00 0.00 0.00 0.00 0.00 0.00
32. Advance payment of taxes
33. Other current assets (specify major items) 40.00 60.00 70.00 80.00 90.00 100.00
a. Other Current Assets & Advances 40.00 60.00 70.00 80.00 90.00 100.00
b.
c.
d.
34. Total Current Assets (26 to 33) 209.98 382.02 564.46 758.42 968.87 1196.25
FIXED ASSETS
35 Gross Block (land, building, machinery,
work-in-progress) 641.72 641.72 641.72 641.72 641.72 641.72
36 Depreciation to date 70.66 133.22 188.62 237.71 281.23 319.82
37 Net Block (35 - 36) 571.06 508.50 453.10 404.01 360.49 321.90
OTHER NON-CURRENT ASSETS

38 Investments/book debts/advances/deposits
which are not current assets 0.00 20.00 40.00 60.00 80.00 100.00
i. a. Investments in subsidiary
companies / affiliates
b. Others
ii. Advances to suppliers of capital goods
and contractors 0.00 20.00 40.00 60.00 80.00 100.00
iii. Deferred receivables (maturity
exceeding 1 year)
iv. Others 0.00 0.00 0.00 0.00 0.00 0.00
a. Security Deposit
b. Sales Tax under Appeal
c. Tax Deducted at Source
d. Others
39 Non-consumable stores and spares
40 Other non-current assets including
dues from directors
41 Total Other Non-current Assets (38 to 40) 0.00 20.00 40.00 60.00 80.00 100.00
42 Intangible Assets (patents, good will,
prelim.expenses, bad / doubtful debts not
provided for, etc.
43 Total Assets (34+37+41+42) 781.04 910.52 1057.56 1222.43 1409.36 1618.15
44 Tangible Net Worth (24 - 42) 763.04 892.52 1039.56 1204.43 1391.36 1600.15
45 Net Working Capital (34 - 10) 191.98 364.02 546.46 740.42 950.87 1178.25
46 Current Ratio (34 / 10) 11.67 21.22 31.36 42.13 53.83 66.46
47 Total OUTSIDE Liabilities / Tangible
Net Worth (18 / 44) 0.02 0.02 0.02 0.01 0.01 0.01
48 Total TERM Liabilities / Tangible
Net Worth (17 / 44)
RATIOS NET OF REVALUATION

RESERVES
49 TANGIBLE NET WORTH (24-21-42) 763.04 892.52 1039.56 1204.43 1391.36 1600.15
50 TOTAL OUTSIDE LIAB/TNW 0.02 0.02 0.02 0.01 0.01 0.01
51 TOTAL TERM LIAB/TNW 0.00 0.00 0.00 0.00 0.00 0.00
ADDITIONAL INFORMATION
A. Arrears of depreciation
B. Contingent Liabilities:
i. Arrears of cumulative dividends
ii. Gratuity liability not provided for
iii. Disputed excise / customs /
tax liabilities
iv. Other liabilities not provided for
FORM VI
FUNDS FLOW STATEMENT
Amounts in Rs. Lacs
Projection Projection Projection Projection Projection

Year 2022 2023 2024 2025 2026
1. SOURCES
a. Net Profit 129.48 147.04 164.87 186.93 208.79
b. Depreciation 62.56 55.40 49.09 43.52 38.59
c. Increase in Capital 0.00 0.00 0.00 0.00 0.00
d. Increase in Term Liabilities
(including Public Deposits) 0.00 0.00 0.00 0.00 0.00
e. Decrease in
i. Fixed Assets
ii. Other non-current Assets
f. Others 0.00 0.00 0.00 0.00 0.00
g. TOTAL 192.04 202.44 213.96 230.45 247.38
2. USES
a. Net loss
b. Decrease in Term Liabilities
(including Public Deposits) 0.00 0.00 0.00 0.00 0.00
c. Increase in
i. Fixed Assets 0.00 0.00 0.00 0.00 0.00
ii. Other non-current Assets 20.00 20.00 20.00 20.00 20.00
d. Dividend Payments 0.00 0.00 0.00 0.00 0.00
e. Others 0.00 0.00 0.00 0.00 0.00
f. TOTAL 20.00 20.00 20.00 20.00 20.00
3. Long Term Surplus (+) / Deficit (-) [1-2] 172.04 182.44 193.96 210.45 227.38
4. Increase/decrease in current assets
* (as per details given below) 172.04 182.44 193.96 210.45 227.38
5. Increase/decrease in current liabilities
other than bank borrowings 0.00 0.00 0.00 0.00 0.00
6. Increase/decrease in working capital gap 172.04 182.44 193.96 210.45 227.38
7. Net Surplus / Deficit (-) [3-6] 0.00 0.00 0.00 0.00 0.00
8. Increase/decrease in bank borrowings 0.00 0.00 0.00 0.00 0.00
9. Increase/decrease in NET SALES 42.61 42.34 45.47 55.43 58.07
* Break up of item-4
i. Increase/decrease in Raw Materials 0.00 0.00 0.00 0.00 0.00
ii. Increase/decrease in Stocks-in-Process 0.00 0.00 0.00 0.00 0.00
iii. Increase/decrease in Finished Goods 0.00 0.00 0.00 0.00 0.00
iv. Increase/decrease in Receivables
a) Domestic 1.78 1.76 1.89 2.31 2.42
b) Export 0.00 0.00 0.00 0.00 0.00
v. Increase/decrease in Stores & Spares 0.65 0.69 0.75 0.85 0.89
vi. Increase/decrease in other current assets 169.61 179.99 191.32 207.29 224.07
TOTAL 172.04 182.44 193.96 210.45 227.38
CHECK
Year > 2021 2022 2023 2024 2025 2026
1. Closing Stock in Process

of Operating Stament tallies Yes Yes Yes Yes Yes Yes
with that of Balance Sheet
2. Closing Stock of F.G.

of Operating Stament tallies Yes Yes Yes Yes Yes Yes
3. Net Profit 109.98 129.48 147.04 164.87 186.93 208.79
4. Depreciation Reported in
Operating Statement tallies Yes Yes Yes Yes Yes
a. As per Op Statement 62.56 55.40 49.09 43.52 38.59
b. As per Form-III 62.56 55.40 49.09 43.52 38.59
c. Difference 0.00 0.00 0.00 0.00 0.00
5. Balance Sheet Assets is Yes Yes Yes Yes Yes Yes

equal to Liabilities
a. Total Assets 781.04 910.52 1057.56 1222.43 1409.36 1618.15

b. Total Liabilities 781.04 910.52 1057.56 1222.43 1409.36 1618.15
c. Difference - - - - - -
ASSESSED BANK FINANCE
Amounts in Rs. Lacs

Year 2022 2023 2024 2025 2026
Total Current Assets 382.02 564.46 758.42 968.87 1196.25
Current Liabilities (Other than Bank
Borrowing) 0.00 0.00 0.00 0.00 0.00
Working Capital Gap 382.02 564.46 758.42 968.87 1196.25
Net Working Capital (Actual /Prjojected) 364.02 546.46 740.42 950.87 1178.25
Assessed Bank Finance (ABF) 18.00 18.00 18.00 18.00 18.00
NWC/TCA (%) 95.29% 96.81% 97.63% 98.14% 98.50%
Bank Finance to TCA (%) 4.71% 3.19% 2.37% 1.86% 1.50%
Other CL/TCA (%) 0.00% 0.00% 0.00% 0.00% 0.00%
S. Creditors /TCA (%) 0.00% 0.00% 0.00% 0.00% 0.00%
Inv./NS (Days) 5.60 5.63 5.65 5.65 5.64
Rec./ Gross Sales (Days) 15.21 15.21 15.21 15.21 15.21
S. Creditors /Purchase (Days) 0.00 0.00 0.00 0.00 0.00
PERFORMANCE & FINANCIAL INDICATORS

Amounts in Rs. Lacs
As on 31st March: 2021 2022 2023 2024 2025 2026
Net sales 514.57 557.18 599.52 644.99 700.42 758.49
Operating Profit 158.84 187.00 212.32 237.98 269.66 301.02
Net Other Income 0.00 0.00 0.00 0.00 0.00 0.00
Profit Before Tax 156.41 184.57 209.89 235.55 267.23 298.59
PBT/NS (%) 30.40% 33.13% 35.01% 36.52% 38.15% 39.37%
Profit After Tax 109.98 129.48 147.04 164.87 186.93 208.79
Cash Accruals 180.64 192.04 202.44 213.96 230.45 247.38
Paid Up Capital 653.06 653.06 653.06 653.06 653.06 653.06
Tangible Net Worth 763.04 892.52 1039.56 1204.43 1391.36 1600.15
Adj TNW (Excl. Invest/Loans in Subsidiaries) 763.04 892.52 1039.56 1204.43 1391.36 1600.15
TOL/TNW 0.02 0.02 0.02 0.01 0.01 0.01
Total Term Lia./TNW 0.00 0.00 0.00 0.00 0.00 0.00
Current Ratio 11.67 21.22 31.36 42.13 53.83 66.46
Total Tangible Assets (TTA) 781.04 910.52 1057.56 1222.43 1409.36 1618.15
EFFICIENCY RATIOS : 2021 2022 2023 2024 2025 2026

Net Sales/TTA (Times) 0.66 0.61 0.57 0.53 0.50 0.47
PBT/TTA (%) 20.03% 20.27% 19.85% 19.27% 18.96% 18.45%
Operating Cost/NS (%) 69.13% 66.44% 64.59% 63.10% 61.50% 60.31%
Bank Fin./Curr. Assets (%) 8.57% 4.71% 3.19% 2.37% 1.86% 1.50%
Inv. +Rec./NS (Days) 21 21 21 21 21 21
LIQUIDITY RATIOS 2021 2022 2023 2024 2025 2026

Current Ratio 11.67 21.22 31.36 42.13 53.83 66.46
Acid Test Ratio 11.23 20.75 30.85 41.58 53.22 65.81
Bank Finance to WCG (%) 8.57% 4.71% 3.19% 2.37% 1.86% 1.50%
LEVERAGE RATIOS 2021 2022 2023 2024 2025 2026

Debt : Equity Ratio 0.00 0.00 0.00 0.00 0.00 0.00
TOL/TNW 0.02 0.02 0.02 0.01 0.01 0.01
Debt : Assets Ratio 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Assets Coverage Ratio 0.00 0.00 0.00 0.00 0.00 0.00
Interest Coverage Ratio 94.44 102.70 110.17 118.14 128.88 139.76
TURNOVER RATIOS 2021 2022 2023 2024 2025 2026

Inventory Turnover Period (DAYS) 6 6 6 6 6 6
Average Collection Period (DAYS) 15 15 15 15 15 15
Total Assets Turnover (TIMES) 0.66 0.61 0.57 0.53 0.50 0.47
Average Credit Period (DAYS) 0 0 0 0 0
Bank Finance Turnover 28.59 30.95 33.31 35.83 38.91 42.14
Current Assets Turnover 2.45 1.46 1.06 0.85 0.72 0.63
PROFITABILITY RATIOS 2021 2022 2023 2024 2025 2026

Net Profit Margin (%) 21.37% 23.24% 24.53% 25.56% 26.69% 27.53%
Net Income : Assets Ratio (%) 14.08% 14.22% 13.90% 13.49% 13.26% 12.90%
Return on Investment (ROCE)(%) 29.38% 27.41% 25.31% 23.48% 22.22% 20.99%
Return on Equity (%) 16.84% 19.83% 22.52% 25.25% 28.62% 31.97%
Operating Profitability (%) 30.87% 33.56% 35.41% 36.90% 38.50% 39.69%
Pre-Tax Profitability (%) 30.40% 33.13% 35.01% 36.52% 38.15% 39.37%
PBT/TTA (%) 20.03% 20.27% 19.85% 19.27% 18.96% 18.45%
STRUCTURAL RATIOS 2021 2022 2023 2024 2025 2026

Retained Profit (%) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Raw Material Content (%) 60.04% 62.76% 65.09% 67.17% 69.09% 70.63%
OC/Sales (%) 69.13% 66.44% 64.59% 63.10% 61.50% 60.31%
FINANCIAL SUMMARY
Amounts in Rs. Lacs

2021 2022 2023 2024 2025 2026
1. Gross Sales - Domestic 514.57 557.18 599.52 644.99 700.42 758.49
- Exports 0.00 0.00 0.00 0.00 0.00 0.00
2. Less Excise Duty 0.00 0.00 0.00 0.00 0.00 0.00
3. Net Sales (1 - 2) 514.57 557.18 599.52 644.99 700.42 758.49
4. Depreciation 70.66 62.56 55.40 49.09 43.52 38.59
5. Operating Profit (before Interest) 158.84 187.00 212.32 237.98 269.66 301.02
6. Interest 2.43 2.43 2.43 2.43 2.43 2.43
7. PBT 156.41 184.57 209.89 235.55 267.23 298.59
8. Tax 46.43 55.09 62.85 70.68 80.30 89.80
9. PAT 109.98 129.48 147.04 164.87 186.93 208.79
10. PBDIT (4+6+7) 229.50 249.56 267.72 287.07 313.18 339.61
11. Paid Up Capital (PUC) 653.06 653.06 653.06 653.06 653.06 653.06
12. Total Outside Liabilities (TOL) 18.00 18.00 18.00 18.00 18.00 18.00
13. Tangible Net Worth (TNW) 763.04 892.52 1039.56 1204.43 1391.36 1600.15
14. Adjusted TNW 763.04 892.52 1039.56 1204.43 1391.36 1600.15
15. Total Assets 781.04 910.52 1057.56 1222.43 1409.36 1618.15
16.. Intangible Assets 0.00 0.00 0.00 0.00 0.00 0.00
17. TTA (15-16) 781.04 910.52 1057.56 1222.43 1409.36 1618.15
18. PBDIT/INT (10/6) 94.44 102.70 110.17 118.14 128.88 139.76
19. PBT/Net Sales 30.40% 33.13% 35.01% 36.52% 38.15% 39.37%
20. PAT/Net Sales 21.37% 23.24% 24.53% 25.56% 26.69% 27.53%
21. ROCE (PBDIT/TTA) 29.38% 27.41% 25.31% 23.48% 22.22% 20.99%
22. (INV+RECV)/NET SALES (Days) 21 21 21 21 21 21
24. Current Ratio 11.67 21.22 31.36 42.13 53.83 66.46
25. TOL/TNW 0.02 0.02 0.02 0.01 0.01 0.01
26. TOL/TNW (Adjusted) 0.02 0.02 0.02 0.01 0.01 0.01
27. Cash Accrual 180.64 192.04 202.44 213.96 230.45 247.38
FUNDS FLOW ANALYSIS
2022 2023 2024 2025 2026

1. Long Term Sources 192.04 202.44 213.96 230.45 247.38
2. Long Term Uses 20.00 20.00 20.00 20.00 20.00
3. Surplus/Deficit 172.04 182.44 193.96 210.45 227.38
DATA ANALYSIS

OPERATING STATEMENT
Amounts in Rs. Lacs
Projection Projection Projection Projection

2021 2022 2023 2024
12 12 12 12
Excise Duty : Gross Sales 0.00% 0.00% 0.00% 0.00%
Annual Growth in Net Sales 8.28% 7.60% 7.58%
1 RATIO OF NET SALES TO :

manufacture) 31.35% 31.33% 31.50% 31.68%
a. Imported 0.00% 0.00% 0.00% 0.00%
b. Indigenous 31.35% 31.33% 31.50% 31.68%
ii. Other Spares 5.50% 5.50% 5.50% 5.50%
a. Imported 0.00% 0.00% 0.00% 0.00%
b. Indigenous 0.00% 0.00% 0.00% 0.00%
iii. Power and Fuel 3.73% 3.69% 3.75% 3.81%
iv. Direct Labour (Factory wages & salaries) 4.07% 3.94% 3.85% 3.76%
v. Other manufacturing expenses 3.00% 3.00% 3.00% 3.00%
vi. Depreciation 13.73% 11.23% 9.24% 7.61%
vii. Selling, general and administrative expenses 0.19% 0.18% 0.17% 0.16%
viii. Interest 0.47% 0.44% 0.41% 0.38%
2 COMPOSITION OF COST OF SALES :

manufacture) 51.08% 53.39% 55.42% 57.23%
a. Imported 0.00% 0.00% 0.00% 0.00%
b. Indigenous 51.08% 53.39% 55.42% 57.23%
ii. Other Spares 8.96% 9.37% 9.68% 9.94%
a. Imported 0.00% 0.00% 0.00% 0.00%
b. Indigenous 8.96% 9.37% 9.68% 9.94%
iii. Power and Fuel 6.07% 6.28% 6.60% 6.88%
iv. Direct Labour (Factory wages & salaries) 6.62% 6.72% 6.77% 6.78%
v. Other manufacturing expenses 4.89% 5.11% 5.28% 5.42%
vi. Depreciation 22.37% 19.13% 16.26% 13.75%
vii. Accretion/Depletion in SIP & FG Stocks 0.00% 0.00% 0.00% 0.00%
CHECK TOTAL 100.00% 100.00% 100.00% 100.00%
3 PERCENTAGE GROWTHS :
i. Gross Sales 8.28% 7.60% 7.58%
ii. Gross Domestic Sales 8.28% 7.60% 7.58%
iii. Gross Exports
iv. Net Sales 8.28% 7.60% 7.58%
v. Total Raw Materials 8.20% 8.17% 8.21%
vi. Imported Raw Materials
vii. Indegenous Raw Materials 8.20% 8.17% 8.21%
viii. Other Spares 8.27% 7.60% 7.58%
ix. Imported Spares
x. Indegenous Spares 8.27% 7.60% 7.58%
xi. Power and Fuel 7.09% 9.44% 9.21%
xii. Direct Labour (Factory wages & salaries) 4.99% 5.01% 4.98%
xiii. Other manufacturing expenses 8.29% 7.60% 7.56%
xiv. Depreciation -11.46% -11.45% -11.39%
xv. Selling, general and administrative expenses 8.27% 7.60% 7.60%
xvi. Interest 0.00% 0.00% 0.00%
4 Non-Operating Income / Net Sales 0.00% 0.00% 0.00% 0.00%

5 Non-Operating Income / PBT 0.00% 0.00% 0.00% 0.00%
6 Net Profit / PBT 70.32% 70.15% 70.06% 69.99%
7 Retained Profit / Net Profit 100.00% 100.00% 100.00% 100.00%
8 Cash Accrual / Net Sales 35.11% 34.47% 33.77% 33.17%
9 Average Cost of Borrowings 13.50% 13.50% 13.50% 13.50%
BALANCE SHEET
1 COMPOSITION OF CURRENT LIABILITIES

i. Short-term borrowing from banks 100.00% 100.00% 100.00% 100.00%
ii. Short term borrowings from others 0.00% 0.00% 0.00% 0.00%
iii. Sundry Creditors (Trade) 0.00% 0.00% 0.00% 0.00%
iv. Advance payments from customers 0.00% 0.00% 0.00% 0.00%
v. Provision for taxation 0.00% 0.00% 0.00% 0.00%
vi. Dividend payable 0.00% 0.00% 0.00% 0.00%
vii. Other statutory liabilities (due within 1 year) 0.00% 0.00% 0.00% 0.00%
viii. Instalments payable within 1 year 0.00% 0.00% 0.00% 0.00%
ix. Other current liabilities & provisions 0.00% 0.00% 0.00% 0.00%
CHECK TOTAL 100.00% 100.00% 100.00% 100.00%
2 ANNUAL GROWTH : LIABILITIES

i. Short-term borrowing from banks 0.00% 0.00% 0.00%
ii. Short term borrowings from others
iii. Sundry Creditors (Trade) #DIV/0! #DIV/0! #DIV/0!
iv. Advance payments from customers
v. Provision for taxation
vi. Dividend payable
vii. Other statutory liabilities (due within 1 year)
viii. Instalments payable within 1 year #DIV/0! #DIV/0! #DIV/0!
ix. Other current liabilities & provisions #DIV/0! #DIV/0! #DIV/0!
x. Total Current Liabilities 0.00% 0.00% 0.00%
xi. Total Term Liabilities #DIV/0! #DIV/0! #DIV/0!
xii. Total Outside Liabilities 0.00% 0.00% 0.00%
xiii. Net Worth 16.97% 16.47% 15.86%
xiv. Tangible Net Worth 16.97% 16.47% 15.86%
3 COMPOSITION OF CURRENT ASSETS

i. Cash and Bank Balances 38.40% 60.27% 67.36% 71.41%
ii. Investments (other than long term) 28.57% 15.71% 14.17% 13.19%
iii. Receivables 10.21% 6.08% 4.43% 3.54%
iv. Instalments of deferred receivables 0.00% 0.00% 0.00% 0.00%
v. Inventory: 3.76% 2.24% 1.64% 1.32%
vi. Raw materials 0.00% 0.00% 0.00% 0.00%
vii. Stocks-in-process 0.00% 0.00% 0.00% 0.00%
viii. Finished goods 0.00% 0.00% 0.00% 0.00%
ix. Other consumable spares 3.76% 2.24% 1.64% 1.32%
x. Advances to suppliers of raw materials 0.00% 0.00% 0.00% 0.00%
xi. Advance payment of taxes 0.00% 0.00% 0.00% 0.00%
xii. Other current assets 19.05% 15.71% 12.40% 10.55%
CHECK TOTAL 100.00% 100.00% 100.00% 100.00%
4 ANNUAL GROWTH : ASSETS
i. Cash and Bank Balances 185.53% 65.14% 42.43%
ii. Investments (other than long term) 0.00% 33.33% 25.00%
iii. Receivables 8.30% 7.58% 7.57%
iv. Instalments of deferred receivables
v. Inventory: 8.23% 8.07% 8.12%
vi. Raw materials #DIV/0! #DIV/0! #DIV/0!
vii. Stocks-in-process
viii. Finished goods #DIV/0! #DIV/0! #DIV/0!
ix. Other consumable spares 8.23% 8.07% 8.12%
x. Advances to suppliers of raw materials #DIV/0! #DIV/0! #DIV/0!
xi. Advance payment of taxes
xii. Other current assets 50.00% 16.67% 14.29%
xiii. Total Current Assets 81.93% 47.76% 34.36%
xiv. Gross Block 0.00% 0.00% 0.00%
xv. Net Block -10.96% -10.89% -10.83%
xvi. Total Other Non-current Assets 100.00% 50.00%
xvii. Intangible Assets #DIV/0! #DIV/0! #DIV/0!
xviii. Net Working Capital 89.61% 50.12% 35.49%
5 TOL / TNW 0.02 0.02 0.02 0.01

6 (TL + Net Worth) : Net Block 133.62% 175.52% 229.43% 298.12%
7 (TL + TNW) : Tangible Non Current Assets 133.62% 168.88% 210.82% 259.57%
8 Net Block : TL #DIV/0! #DIV/0! #DIV/0! #DIV/0!
9 (Inventories + Rec) : S.T. Bank Borrowings 163.00% 176.50% 190.11% 204.78%
10 Current Assets : S.T. Bank Borrowings 1166.56% 2122.33% 3135.89% 4213.44%
11 PL Depreciation : Average Gross Block 11.01% 9.75% 8.63% 7.65%

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Rs.

Means of Finance : Rs. In lakhs

1. Promoters' Contribution & Unsecured

Working Capital : 400

Land already acquired 0.00

2 BUILDING AND CIVIL CONSTRUCTION

3 PLANT AND MACHINERY & OTHER FIXED ASSETS

4 Preliminary & Pre-operative expenses

1 Interest during constrction 0.00

Miscellaneous expenses including the

Grand Total 5.00

An increment of 5% each year is estimated

3 Water Charges are estimated at Rs 3000 pa

4 Repair & Maintenance is estimated at the following percent of

An increment of 5% each year is estimated

5 Sanitation Charges are estiamted at Rs 15000 pa

6 Other Administrative expenses are estiamted at Rs 1500 pm

NITIN MANEK & ASSOCIATES xxx June'2009

1 Name of the Unit : HOTEL PRITIKA

2 Constitution : COOPERATIVE SOCIETY

3 Name of the Owner : HOTELS & RESTAURANTS EMPLOYEES COOPERATIVE

4 Location : Bidhannagar, Durgapur - 7131212

6 Feasibility Report : Inhouse research

7 Installed Capacity : 31 room

8 Project cost & Means of Rs Lacs

Proposed Source of Finance:

11 Category : Smal Scale Industry

1 PROJECT COST ANNEXURE : F 1

2 DEPRECIATION SCH(CO. ACT) ANNEXURE : F 2

3 DEPRECIATION SCH(IT. ACT) ANNEXURE : F 3

4 INCOME TAX COMPUTATION ANNEXURE : F 4

5 REVENUE & ASSUMPTIONS ANNEXURE : F 5

6 PROJECTED PROFIT & LOSS ACCOUNT ANNEXURE : F 6

7PROJECTED BALANCE SHEET ANNEXURE : F 7

8 STATEMENT OF WORKING CAPITAL ANNEXURE : F 8

9 PROJECTED CASH FLOW STATEMENT ANNEXURE : F 9

10 BREAK EVEN POINT & PAYBACK PERIOD ANNEXURE : F 10

11 COMPUTATION OF IRR OF THE PROJECT ANNEXURE : F 11

12 DEBT SERVICE COVERAGE RATIO ANNEXURE : F 12

13 TERM LOAN SCHEDULE ANNEXURE : F 13

The estimated cost of the project is as follows:

a) Fixed capital 641.72

Fixed capital :- The fixed capital break-up is as follows.

A. Land Development 10.00

Margin for Working capital requirement 11.34

Proposed Source of Finance:

A. Term Loan Bank/FI 0.00

DEBT EQUITY RATIO = 0.00 : 1

Particulars Cost Prel exp Total

Building & other Civil Works 437.28 3.00 440.28

Plant and Machinery and 189.44 2.00 191.44

For Building and other civil work 10%

Particulars Cost Prel Total

Plant and Machinery and 189.44 2.00 191.44

For Building and other civil work 10%

INCOME TAX SCHEDULE

Net Taxable Income 154.32 183.09 208.88 234.91 266.87 298.44

A. Income tax @ 30.09% 46.43 55.09 62.85 70.68 80.30 89.80

ROOM TARIFF (Rs.)