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PROJECT COSTParticulars Rs in Lacs Allocation of interest

during constructionperiod &

contingencies

Total(Rs in

Lakhs)

Land (Developed land owned by the promoters) 0.00 0.00

Building 1358.00 78.39 1436.39

Plant & Machinery and Furniture & Fixtures 676.02 39.02 715.05

Other Fixed Assets 28.00 1.62 29.62

Contingencies @ !% of P&M, OFA & 3% ofBuilding

47.78 0.00

Preliminary & Preoperative expenses 23.50 23.50

Intersest during construction period 71.25 0.00

Total Project Cost 2204.56 119.03 2204.56

MEANS OF FINANCEParticulars Rs in Lacs Total(Rs in Lakhs)

Promoters Contribution 704.56

SARTAJ HOTELS APARTMENTS & VILLAS (P) LTD.

PROJECT COST & MEANS OF FINANCE

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Sr. Particulars mount ( Lacs Rs.Land

1 Cost of land (4.16Acres) 0.00

2 Cost of Land Use Conversion 0.00

Total 0.00


DETAIL OF COST OF LAND & SITE DEVELOPMENT

the name of one of the director of the company and land use

had already been converted for use as land for development

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Sr. No. Particulars Area Sq. Ft. Rate Per Sq.

Ft.

Estimated Cost

Rs. in lacs

A Cost of civil construction including civil structure,

foundation with designed structural stability against

earthquake and other natuaral hazards, terracing with

water proofing

1 For lower Ground Floor 25206.00 430 108.39

2 For Upper Ground Floor 20220.00 450 90.99

3 For First Floor 17871.00 450 80.42

B Cost of water proofing



3 For First Floor 14475.00 105 15.20

C Cost of internal finishing work including cementplastring, wood work for doors and window frames

and shutters with glass panes , hardware, POP, Steel

works for railings, painting and polishing



3 For First Floor 17871.00 250 44.68

D Cost of regulare external finishing



3 For First Floor 17871.00 85 15.19

E Cost of Internal Plumbing and Sanitationwork

including all CI & GI Pipes, C P Fixtures (10% of

52.14

F C t f i t l El t ifi ti i l di g PVC 62 57


DETAIL OF COST OF BUILDING

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521.42

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Sr. No. Particulars No. Cost in Rs. Estimated cost

Rs. In Lacs

1 Rooms

Beds 55 8000.00 4.40

Head Board 55 4000.00 2.20

Bed Side Corner 55 2000.00 1.10

Dressing Table 55 4000.00 2.20

Study Table & Chair 55 3000.00 1.65

Sofa Set 55 7000.00 3.85

Cofee Table 55 2000.00 1.10

TV Cabinet 55 4000.00 2.20

Cup Board 55 6000.00 3.30

Teak Wood Scating 55 4000.00 2.20

TV Set 55 10000.00 5.50

Fancy Lights 55 4000.00 2.20

Doors & Windows 110 5000.00 5.50

Mattress 110 7000.00 7.70

Mirrors 110 3000.00 3.30

Linen & Curtain 55 5000.00 2.75

Sub Total 51.15

2 Banquet Hall

Carpet 1 1250000.00 12.50

Furniture 1 450000.00 4.50

Light Fitting 1500000.00

5.00Channel Music & Sound System 1 250000.00 2.50

Other Fitting 1 100000.00 1.00

Sub Total 25.50

3 Suites

Bed & Other Accessroies 2 80000.00 1.60

T l i i 4 12500 00 0 50


DETAIL OF COST OF FURNITURE AND FIXTURES

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Sr. No. Particulars Estimated cost

Rs. In Lacs

1 Office Furnmiture and Fixtures 7.50

2 Computers 3.00

3 EPABX and Telephone 5.00

4 Vehicles 7.50

5 CCTV & Other Security System 5.00

Total Cost of Misc Fixed Assets 28.00


Details of Other Fixed Assets

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Sr. No. Particulars Estimated cost (Rs.

In lacs)

A Preliminary Expenses 3.00

B Pre-operative Expenses

(i) Interest during Construction 71.25

(ii) Establishment and other Exps 6.00

(iii) Consultants & other Fee 15.00

(iv) Other Misc Expenses 2.50

Sub Total - B 94.75

Total - (A+B) 97.75


DETAIL OF COST OF PRELIMINARY AND PRE-

OPERATIVE EXPENSES

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Particulars 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

SALES

Receipts 617.44 1353.79 1 522.23 1690.68 1690.68 1690.68 1690.68 1690.68 1690.68

Total - (A) 617.44 1353.79 1522.23 1690.68 1690.68 1690.68 1690.68 1690.68 1690.68

COST

Repair and Maintaince 147.15 319.30 396.34 481.80 524.07 566.33 604.22 642.11 680.00

Food & Beverages 26.21 61.32 65.70 70.08 70.08 70.08 70.08 70.08 70.08

Power & Fuel 153.00 160.65 168.68 177.12 185.97 195.27 205.03 215.29 226.05Wages 40.26 84.55 88.77 93.21 97.87 102.77 107.90 113.30 118.96

Insurance @ 2 % of Gross block 43.62 47.62 49.62 51.62 53.62 55.62 57.62 0.00 0.00

Depreciation 58.50 136.31 145.81 155.31 164.81 174.31 183.81 179.06 183.81

Sub Total 468.73 809.75 914.93 1029.14 1096.43 1164.38 1228.67 1219.84 1278.90

ADMINISTRATIVE COST

Administrative Exps. @ 2% of Sal 12.35 27.08 30.44 33.81 33.81 33.81 33.81 33.81 33.81

Sub Total 12.35 27.08 30.44 33.81 33.81 33.81 33.81 33.81 33.81

Prel. Expenses written off 2.35 2.35 2.35 2.35 2.35 2.35 2.35 2.35 2.35

Total Cost - (B) 483.43 839.18 947.72 1065.31 1132.59 1200.55 1264.84 1256.00 1315.07

Profit before Interest - (A-B) 134.00 514.61 574.51 625.37 558.09 490.13 425.84 434.68 375.61

Interest

- Term Loan 71.25 138.94 114.00 85.50 57.00 28.50 3.56 0.00 0.00

Sub Total 71.25 138.94 114.00 85.50 57.00 28.50 3.56 0.00 0.00

Profit before tax 62.75 375.67 460.51 539.87 501.09 461.63 422.28 434.68 375.61

Tax 0.00 78.07 119.10 154.80 150.04 144.44 138.35 141.89 124.56

Net Profit 62.75 297.60 341.41 385.07 351.05 317.19 283.93 292.79 251.05

Cash Profit 123.60 436.26 489.58 542.73 518.21 493.85 470.09 474.20 437.22

Cumulative Cash Profit 123.60 559.86 1049.44 1592.17 2110.38 2604.24 3074.33 3548.53 3985.75

Dividend Rate 0.00% 5.00% 5.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

Dividend 0.00 35.23 35.23 70.46 70.46 70.46 70.46 70.46 70.46

Retained Profit 62.75 262.37 306.19 314.61 280.60 246.74 213.48 222.33 180.60


PROFITABILITY STATEMENT

(Rs in Lacs)

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Particulars 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

Liabilities

Promoters contribution 704.56 704.56 704.56 704.56 704.56 704.56 704.56 704.56 704.56

Reserves and Suplus 62.75 325.13 631.31 945.93 1226.52 1473.26 1686.74 1909.07 2089.66

Secured Term Loans 1500.00 1350.00 1050.00 750.00 450.00 150.00 0.00 0.00 0.00

Sundry Creditors 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00

TOTAL 2272.31 2384.69 2390.87 2405.49 2386.08 2332.82 2396.30 2618.63 2799.22

Assets

Gross Block 2181.06 2381.06 2481.06 2581.06 2681.06 2781.06 2881.06 3031.06 3181.06

Less : Depreciation 58.50 194.81 340.62 495.93 660.74 835.05 1018.87 1197.93 1381.74

Net Block 2122.56 2186.25 2140.44 2085.13 2020.32 1946.00 1862.19 1833.13 1799.32

Receivables 23.75 25.96 29.19 32.42 32.42 32.42 32.42 32.42 32.42

Inventory of Stores & Provisio 50.00 70.00 80.00 90.00 100.00 110.00 120.00 130.00 140.00

Cash & Bank Balance 54.85 83.67 124.79 183.84 221.59 234.99 374.63 618.37 825.13

Preliminary Expenses 21.15 18.80 16.45 14.10 11.75 9.40 7.05 4.70 2.35

TOTAL 2272.31 2384.69 2390.87 2405.49 2386.08 2332.82 2396.30 2618.63 2799.22


BALANCE SHEET

(Rs in Lacs)

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Particulars 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

INFLOW

Increase in Promoters contributi 704.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cash Profit 123.60 436.26 4 89.58 542.73 518.21 493.85 470.09 474.20 437.22

Increase in borrowings 1500.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Increase in Creditors 5.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL 2333.16 436.26 489.58 542.73 518.21 493.85 470.09 474.20 437.22

OUT FLOW

Acquisition of Assets 2181.06 200.00 100.00 100.00 100.00 100.00 100.00 150.00 150.00

Repayment of loan 0.00 1 50.00 300.00 3 00.00 3 00.00 300.00 1 50.00 0.00 0.00

Payment of Dividend 0.00 35.23 35.23 70.46 70.46 70.46 70.46 70.46 70.46

Increase in prel. Exps. 23.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Increase in Receivables 23.75 2.22 3.23 3.23 0.00 0.00 0.00 0.00 0.00

Increase in Inventory 50.00 20.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00

TOTAL 2278.31 407.44 448.46 483.69 480.46 480.46 330.46 230.46 230.46

Opening Balance 0.00 54.85 83.67 124.79 183.84 221.59 234.99 374.63 618.37

Surplus/(Deficit) 54.85 28.82 41.12 59.05 37.76 13.40 139.64 243.74 206.76

Closing Balance 54.85 83.67 124.79 183.84 221.59 234.99 374.63 618.37 825.13

DSCR 2.73 1.99 1.46 1.63 1.61 1.59 3.08

Average DSCR 1.89


CASH FLOW STATEMENT

Rs in lacs

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Sr.

No.

Designation Nos. Salary per head

per Month (Rs.)

Total Salary per

month (Rs.)

1 General Manager 3 30000 90000

2 Manager 6 15000 900003 Astt. Manager 12 7500 90000

4 Technician 5 7500 37500

5 Back Office Staff 5 5000 25000

6 Security 20 3000 60000

7 Cleaning Staff 20 3000 60000

8 Captain 4 5000 20000

9 Senior Steward 5 7500 3750010 Steward 10 5000 50000

11 Kitchen Staff 10 5000 50000

Total 610000

Add Perquistes @ 10% 61000

Total Cost Per Month 671000

Total Manpower Cost Per Annum 8052000.00


Total Requirement of Manpower and Cost Thereof

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Total Requirement of Power

Particulars

Rs. Lacs

per month

1 Electricity Bill 12.00

2 Diesel and Other Fuel 0.75

Total per month 12.75

Total Cost per annum 153.00


Computation of Power and Fuel Cost

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(In the Optimum year)

Item

Fixed Cost Variable Cost

Repair and Maintaince 0.00 481.80Food & Beverages 0.00 70.08

Power & Fuel 4.43 172.69

Wages 18.64 74.57

Insurance @ 2 % of Gross block 41.30 10.32

Depreciation 155.31 0.00

Administrative Cost 10.14 23.67

Interest 85.50 0.00Prel. Exps Written off 2.35 0.00

Total 317.67 833.13

Expected Sales 1690.68

Less: Variable Expenses 833.13

Contribution 857.55

Break-even point 37%Cash Break even capacity 19%


Break Even Analysis

Optimum Year-2009-10

(Rupees in Lacs)

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2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 Total

Profit after Tax 62.75 297.60 341.41 385.07 351.05 317.19 283.93 292.79 251.05 2582.86

Depriciation 58.50 136.31 145.81 155.31 164.81 174.31 183.81 179.06 183.81 1381.74

Prel. Exps. Written Off 2.35 2.35 2.35 2.35 2.35 2.35 2.35 2.35 2.35 21.15

Interest 71.25 138.94 114.00 85.50 57.00 28.50 3.56 0.00 0.00 498.75

Total 194.85 575.20 603.58 628.23 575.21 522.35 473.66 474.20 437.22 4484.50

Interest 71.25 138.94 114.00 85.50 57.00 28.50 3.56 0.00 0.00 498.75

Repayment of Loan 0.00 150.00 300.00 300.00 300.00 300.00 150.00 0.00 0.00 1500.00

Total 71.25 288.94 414.00 385.50 357.00 328.50 153.56 0.00 0.00 1998.75

Ratio (including

interest) 2.73 1.99 1.46 1.63 1.61 1.59 3.08 #DIV/0!

Average DSCR

(inclduing Interestt) 1.89


Calculation of Debt Service Coverage Ratio

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Particulars 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2014-15 2013-1No. of Days in the year 182.00 365.00 365.00 365.00 365.00 365.00 365.00 365.00 365.0

No. of Days in the year 182.00 365.00 365.00 365.00 365.00 365.00 365.00 365.00 365.0

No. of Days in the year 182.00 365.00 365.00 365.00 365.00 365.00 365.00 365.00 365.0

Capacity

Rooms & Suiets 57.00 57.00 57.00 57.00 57.00 57.00 57.00 57.00 57.00

Banquet 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00

Restaurant & Bar 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.0

Occupancy Rate

Rooms & Suiets 50% 60% 70% 80% 80% 80% 80% 80% 80%

Banquet 50% 50% 55% 60% 60% 60% 60% 60% 60%

Restaurant & Bar 60% 70% 75% 80% 80% 80% 80% 80% 80%

Revenue Structure

Rooms & Suiets 4500 4500 4500 4500 4500 4500 4500 4500 4500Banquet 350000 350000 350000 350000 350000 350000 350000 350000 35000

Restaurant & Bar 300 300 300 300 300 300 300 300 300

Revenue Generation (Rs. In Lacs)

Rooms & Suiets 233.42 561.74 655.36 748.98 748.98 748.98 748.98 748.98 748.9

Banquet 318.50 638.75 702.63 766.50 766.50 766.50 766.50 766.50 766.5

Restaurant & Bar 65.52 153.30 164.25 175.20 175.20 175.20 175.20 175.20 175.2

Total 617.44 1353.79 1522.23 1690.68 1690.68 1690.68 1690.68 1690.68 1690.6

Repair and Maintaince Cost % of Revenue

Rooms & Suiets 20% 20% 23% 25% 28% 30% 33% 35% 38%Banquet (Covered) 30% 30% 33% 35% 38% 40% 43% 45% 48%

Restaurant & Bar 8% 10% 13% 15% 18% 20% 20% 20% 20%

Repair and Maintainace Cost (Rs. In lacs)

Rooms & Suiets 46.68 112.35 147.46 187.25 205.97 224.69 243.42 262.14 280.8

Banquet (Covered) 95.55 191.63 228.35 268.28 287.44 306.60 325.76 344.93 364.0

Restaurant & Bar 4.91 15.33 20.53 26.28 30.66 35.04 35.04 35.04 35.04

SARTAJ HOTELS APARTMENTS & VILLAS (P) LTD.ASSUMPTION SHEET

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SARTAJ HOTELS APARTMENTS & VILLAS (P) LTD.Fixed Asset Schedule

Land 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Building 3.34%

Opening Value 1436.39 1412.47 1364.50 1316.52 1268.55 1220.57 1172.59 1124.62 1076

Addition 0.00 0.00

Depreciation 23.92 47.98 47.98 47.98 47.98 47.98 47.98 47.98 47.9

WDV 1412.47 1364.50 1316.52 1268.55 1220.57 1172.59 1124.62 1076.64 1028

Other Fixed Assets 4.75%

Opening Value 29.62 28.91 27.51 26.10 24.69 23.29 21.88 20.47 19.0

Addition 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Depreciation 0.70 1.41 1.41 1.41 1.41 1.41 1.41 1.41 1.4

WDV 28.91 27.51 26.10 24.69 23.29 21.88 20.47 19.07 17.6

Furniture & Fixtures 9.50%

Opening Value 715.05 681.18 794.25 797.82 791.89 776.46 751.53 717.10 737.4

Addition 0.00 200.00 100.00 100.00 100.00 100.00 100.00 150.00 150.0

Depreciation 33.87 86.93 96.43 105.93 115.43 124.93 134.43 129.68 134.4

WDV 681.18 794.25 797.82 791.89 776.46 751.53 717.10 737.42 752.9

TotalDepreciation 58.50 136.31 145.81 155.31 164.81 174.31 183.81 179.06 183.8

WDV 2122.56 2186.25 2140.44 2085.13 2020.32 1946.00 1862.19 1833.13 1799

Fixed Asset Schedule (As per Income Tax Act)Land 0.00

Building 10.00%

Opening Value 1436.39 1364.58 1228.12 1105.31 994.78 895.30 805.77 725.19 652.6

Addition 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Depreciation 71.82 136.46 122.81 110.53 99.48 89.53 80.58 72.52 65.2

WDV 1364.58 1228.12 1105.31 994.78 895.30 805.77 725.19 652.67 587.4

Other Fixed Assets 25.00%

Opening Value 29.62 25.91 19.44 14.58 10.93 8.20 6.15 4.61 3.46

Addition 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Depreciation 3.70 6.48 4.86 3.64 2.73 2.05 1.54 1.15 0.86

WDV 25.91 19.44 14.58 10.93 8.20 6.15 4.61 3.46 2.59Furniture & Fixtures 15.00%

Opening Value 715.05 661.42 732.21 707.38 686.27 668.33 653.08 640.12 671.6

Addition 0.00 200.00 100.00 100.00 100.00 100.00 100.00 150.00 150.0

Depreciation 53.63 129.21 124.83 121.11 117.94 115.25 112.96 118.52 123.2

WDV 661.42 732.21 707.38 686.27 668.33 653.08 640.12 671.60 698.3

Total

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SARTAJ HOTELS APARTMENTS & VILLAS (P) LTD.Interest on Term Loan ROI 9.50%

Opening Balance 1500.00 1500.00 1350.00 1050.00 750.00 450.00 150.00 0.00 0.00

Repayment 0.00 0.00 75.00 75.00 75.00 75.00 75.00 0.00 0.00

Closing Balance 1500.00 1500.00 1275.00 975.00 675.00 375.00 75.00 0.00 0.00

Interest 0.00 35.63 31.17 24.05 16.92 9.80 2.67 0.00 0.00

Q2

Opening Balance 1500.00 1500.00 1275.00 975.00 675.00 375.00 75.00 0.00 0.00

Repayment 0.00 0.00 75.00 75.00 75.00 75.00 75.00 0.00 0.00

Closing Balance 1500.00 1500.00 1200.00 900.00 600.00 300.00 0.00 0.00 0.00

Interest 0.00 35.63 29.39 22.27 15.14 8.02 0.89 0.00 0.00Q3

Opening Balance 1500.00 1500.00 1200.00 900.00 600.00 300.00 0.00 0.00 0.00

Repayment 0.00 75.00 75.00 75.00 75.00 75.00 0.00 0.00 0.00

Closing Balance 1500.00 1425.00 1125.00 825.00 525.00 225.00 0.00 0.00 0.00

Interest 35.63 34.73 27.61 20.48 13.36 6.23 0.00 0.00 0.00

Q4

Opening Balance 1500.00 1425.00 1125.00 825.00 525.00 225.00 0.00 0.00 0.00

Repayment 0.00 75.00 75.00 75.00 75.00 75.00 0.00 0.00 0.00

Closing Balance 1500.00 1350.00 1050.00 750.00 450.00 150.00 0.00 0.00 0.00

Interest 35.63 32.95 25.83 18.70 11.58 4.45 0.00 0.00 0.00TOTAL INTEREST 71.25 138.94 114.00 85.50 57.00 28.50 3.56 0.00 0.00

Calculation of Provision for Tax

Profit as per P & L A/c 62.75 375.67 460.51 539.87 501.09 461.63 422.28 434.68 375.6

Depriciation as per Books 58.50 136.31 145.81 155.31 164.81 174.31 183.81 179.06 183.8

Depriciation as per I T Act 129.15 272.15 252.50 235.28 220.15 206.83 195.08 192.19 189.3

Net Profits -7.90 239.83 353.82 459.91 445.75 429.11 411.02 421.55 370.0

B/F Loss -7.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Taxable Profits 0.00 231.93 353.82 459.91 445.75 429.11 411.02 421.55 370.0

Loss C/F -7.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Rate of Tax 33.66% 33.66% 33.66% 33.66% 33.66% 33.66% 33.66% 33.66% 33.66Amount of Tax 0.00 78.07 119.10 154.80 150.04 144.44 138.35 141.89 124.5

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Particulars 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2014-15

Debt Equity Ratio 1.95 1.31 0.79 0.45 0.23 0.07 0.00 0.00

PBDIT/Sales 31% 48% 47% 46% 43% 39% 36% 36%

PBT / Sales 10% 28% 30% 32% 30% 27% 25% 26%

Net Profit/Sales 10% 22% 22% 23% 21% 19% 17% 17%

Interest Coverage 1.88 3.70 5.04 7.31 9.79 17.20 119.53

DSCR (including Interest) 2.73 1.99 1.46 1.63 1.61 1.59 3.08


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