Fixed Capital Requirement

Machinery & Equipment

Office Equipment
Office Furniture & Fixture
Pre-Operating Cost
Total Fixed Capital Cost
Working Capital
Upfront Building Rental
Rent Security (Refundable)
Cash
Total Working Capital
Total Investment in the Project (Rs.)

Total Cost Rs.

391,500
221,500
552,160
226,000
1,391,160
330,761
165,381
500,000
996,142
2,387,302

Financing Plan
Equity
Debt

50%
50%

1,193,651
1,193,651

Revenue
Admission Fee
Tuition Fee
Sub Total

300,000
2,088,000
2,388,000

435,750
4,738,800
5,174,550

COST OF GOOD SOLD

Faculty Staff Salary
Total
Gross Profit

1,722,000
1,722,000
666,000

1,755,600
1,755,600
3,418,950

GENERAL ADMINISTRATION & SELLING EXPENSE

Administration Staff Salary
Building Rent
Electricity Expense
Water Expense
Gas Expense
Communication Expense
Office Expenses
Students' Teaching Aid
Entertainment and Events Expense
Professional Fee
Depreciation Expense
Amortization of pre-operating costs
Promotional Expense
Maintenance Cost
Total Operating Expense

654,000
660,000
287,629
45,000
9,000
32,700
32,700
47,760
23,880
23,880
104,864
45,200
96,000
48,000
2,110,613

719,400
726,000
316,392
79,200
9900
35,970
35,970
103,491
51,746
51,746
104,864
45,200
86,400
52,800
2,419,079

Operating Income
Earning Before Interest & Taxes

-1,444,613
-1,444,613

999,871
999,872

Interest on short term debt

Interest expense on long term debt
Sub Total

0
160,987
160,987

291,066
135,086
426,152

-1,605,600
0
-1,605,600

573,720
0
573,720

Earning Before Taxes

Taxes
Net Profit After taxes

413,438
7,470,540
7,883,978

358,864
9,958,542
10,317,406

309,954
12,008,548
12,318,502

1,931,160
1,931,160
5,952,818

2,124,276
2,124,276
8,193,130

2,336,704
2,336,704
9,981,798

791,340
798,600
348,031
87,120
10,890
39,567
39,567
157,680
78,840
78,840
104,864
45,200
77,760
58,080
2,716,379

870,474
878,460
382,834
95,832
11979
43,524
43,524
206,348
103,174
103,174
104,864
45,200
69,984
63,888
3,023,259

957,521
966,306
421,118
105,415
13176.9
47,876
47,876
246,370
123,185
123,185
104,864
45,200
62,986
70,277
3,335,356

3,236,439
3,236,439

5,169,871
5,169,870

6,646,442
6,646,442

218,765
105,432
324,197

0
71,482
71,482

0
32,612
32,612

2,912,242
376,072
2,536,170

5,098,388
1,019,678
4,078,710

6,613,830
1,322,766
5,291,064

Current year
CURRENT ASSETS
Cash in Bank
Accounts Receivable
RentSecurity(Refundable)
Pre-paid Building Rent
Total Current Asset
FIXED ASSETS
Machinery & Equipment
Office Equipment
Furniture & Fixtures
Total Fixed Assets
INTANGIBLE ASSETS
Pre-Operational Costs
Total Intangible Assets
TOTAL ASSETS
CURRENT LIABILITIES
Short term Financing
Students Security Payable
Total Current Liabilities
OTHER LIABILITIES
Long Term Debt
Total Long Term Liabilities
SHAREHOLDER'S EQUITY
Paid-up Capital
Retained Earnings
Total Equity
TOTAL CAPITAL & LIABILITIES

Year 1

Year 2

Year 3

Year 4

500,000
0
165,000
330,000
995,000

500,000
155,739
165,000
693,000
1,513,739

391,500
221,500
552,160
1,165,160

356,265
201,565
502,466
1,060,296

226,000
226,000
2,386,160

180,800
180,800
2,754,835

135,600
90,400
45,200
135,600
90,400
45,200
2,855,802 3,842,747 7,737,203

0
0
0

1,973,024
180,000
2,153,024

1,482,921
402,000
1,884,921

0
570,000
570,000

0
654,000
654,000

1,193,080
1,193,080

1,014,331
1,014,331

809,681
809,681

575,378
575,378

307,124
307,124

1,193,080 1,193,080 1,193,080

(1,605,600) (1,031,881) 1,504,289
1,193,080 (412,520)
161,199 2,697,369
2,386,160 2,754,835 2,855,801 3,842,747

1,193,080
5,583,000
6,776,080
7,737,204

1,193,080

500,000 1,384,078 5,186,044

337,471
514,172
672,874
165,000
165,000
165,000
762,300
838,530
922,383
1,764,771 2,901,780 6,946,301
321,030
181,630
452,771
955,431

285,795
161,695
403,077
850,567

250,560
141,760
353,382
745,702

Year 5
10,139,773
803,381
0
483,153
11,426,307
215,325
121,825
303,688
640,838
0
0
12,067,145

0
0
0
0
0
1,193,080
10,874,065
12,067,145
12,067,145

Operating Activities
Net Profit
Add: depreciation expense

Amortization of pre-operating Costs

Accounts receivable
Pre-paid building rent
Rent Security (Refundable)
Student Security (Refundable)
Cash provided by operations
Financing activities
Long Term Debt Repayment
Short term debt principal repayment
Additions of New Long Term Debt
Issuance of shares
Cash provided by/(used for) financing activities
Investing Activities
Capital expenditure
Cash (used for) / provided by investing activities
NET CASH
Cash balance brought forward
Cash available for appropraition
Cash balance
Short termloan requirement
Cash carried forward

(1,605,600)
104,864

573,719
104,864

2,536,170
104,864

45,200
(155,739)
(363,000)

45,200
(181,732)
(69,300)

45,200
(176,702)
(76,230)

(330,000)
(165,000) (495,000)

180,000
(1,794,275)

222,000
694,752

168,000
2,601,302

(178,749)
1,193,080 1,193,080 2,386,160
(1,391,160) (1,391,160) 500,000
500,000
500,000
500,000

(204,650)
(234,303)
(1,973,024) (1,482,921)
(178,749) (2,177,673) (1,717,224)
-

(1,973,024) (1,482,921)
500,000
500,000
(1,473,024) (982,921)
(1,473,024) (982,921)
1,973,024 1,482,921 500,000
500,000

884,078
500,000
1,384,078
1,384,078
1,384,078

4,078,711
104,864

5,291,065
104,864

45,200
(158,702)
(83,853)

45,200
(130,506)
439,230
165,000
(654,000)
5,260,853

84,000
4,070,221
(268,254)
-

(307,124)
-

(268,254)

(307,124)

3,801,967
1,384,078
5,186,044
5,186,044
5,186,044

4,953,729
5,186,044
10,139,773
10,139,773
10,139,773