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PROJECT REPORT ON GROUP HOSTEL

M/s XYZ Company


Proposal for Term Loan Financing of Rs. ____.00 Crores

Hostel Campus Project At Lonera, Near Dr. Ambedkar Petroleum University

1. 2.

Mr. _________ Mr. ____________

Contact Sheet Company Name Mobile E-mail finance@excelgroup.in Mobile E-mail cfo@excelgroup.in

Contact Address Excel Group

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TABLE OF CONTENTS
Executive Summary ................................................................................................................... 4 1. Project Company Profile .................................................................................................... 8 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 Brief Background of Group and Company ............................................................ 8 XYZ Company Ltd ..................................................................................................... 8 Capital Structure and Shareholding Pattern .......................................................... 8 Board of Directors ...................................................................................................... 8 Key Management Personnel..................................................................................... 8 Financial Performance ............................................................................................... 9 Existing Banking Arrangement................................................................................ 9 Credit Rating .............................................................................................................. 9

2. The Project.......................................................................................................................... 10 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Project Background.................................................................................................. 10 Details of Land ......................................................................................................... 10 Location Advantages ............................................................................................... 10 Inputs for Construction ........................................................................................... 13 Proposed Implementation Schedule ..................................................................... 14 Status of Approvals and Consents ........................................................................ 14 Project Consultants & Contractors ........................................................................ 15 Cost of Project ........................................................................................................... 16 Means of Finance ..................................................................................................... 17

3. Project feasibility .............................................................................................................. 18 3.1 3.2 3.3 3.4 Financial Feasibility - Annexure I .......................................................................... 18 Marketing and Selling Arrangement .................................................................... 18 Locational Advantage: ............................................................................................ 18 SWOT ANALYSIS OF THE PROJECT .................................................................. 19 Page II

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3.5

Risk Factor & Mitigations:- ..................................................................................... 19

4. Conclusion........................................................................................................................... 21 5. Annexures ........................................................................................................................... 22 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 Master Plan of Group Hostel.................................................................................. 22 Brief Details the Key persons of the company ..................................................... 22 Land Details .............................................................................................................. 22 CIBIL report of the Directors .................................................................................. 22 Copy of External Credit Rating.............................................................................. 22 Approvals Copies .................................................................................................... 22 Contract copies executed for implementation of project ................................... 22 Layout Plan of both types of Hostel Rooms......................................................... 23 Financial Feasibility ................................................................................................. 24

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Executive Summary
______ group was founded by Mr. ____________ in ________year. The company is engaged in ___________ business from past _____ years. XYZ Company, a company promoted by ______ Group, was incorporated on _______________. The Promoter directors of the company are Mr. ______________ and Mr. ______________. The company is developing Group Hostel facility at _________ near Dr. Ambedkar_____University. LBPPL is developing the above mentioned Group Hostel Facility on land admeasuring 84,500sq.ft. out of which 50,700sq.ft. shall be utilized for development and balance shall be kept as open space. The following are the proposed development to be made on 84,500 sq.ft land area: Particulars Type of Facilities Group Hostel Recreational Development Type A - 200 sq.ft/unit Administrative office and Club Type B - 250 sq.ft /unit House including GYM, Swimming Pool, Table Tennis, Big Ground and Canteen Total Number of 540 -units Land Area Utilised 84500 sq.ft FAR Utilised 1,17,000 sq.ft 10,000 15000 sq.ft Permissible area 1,69,000 sq.ft Ground Coverage 40%

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Status of Approvals and Consents SL NATURE OF APPROVAL STATUS NO CORE SEGMENT 1 Land Development Rights 2 3 Application to Directorate of Environment, Government of Maharashtra 4 Approval of Building Plan 5 No objection from pollution control board 6 Clearance from Airport Authority of India 7 Fire Department NON-CORE SEGMENT 1 Installation of DG sets Approval during the implementation of project. 2 Availability of Water Approval during the implementation of project. 3 Approval for sewage connection Approval during the implementation of project. 4 Approval with regard to income Already received tax, sales tax, VAT, entry tax etc. Project Consultants & Contractors The Company has appointed following consultants for the Proposed Project. Domain Architectural Design Consultancy Services Structural and MEP Services Master Planning Liaison Consultants Statutory Clearances Soil Investigation and Topographical Survey Consultant

course course course

of of of

Cost of Project:
The cost of the project is estimated to be Rs. 30.53 crores as per the detailed item wise break-up given below: Cost of Project Amount Cost of Land 7.00 Cost of Construction 13.78 Furinture and Fittings 2.70
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Provision for Contingencies @ 5% Interest on PC IDC on Term Loan Preliminary and Pre-operative Expenses TOTAL

0.82 2.40 2.33 1.50 30.53

Means of Finance: (Rs. In Crores)

Particulars
Promoters Contribution Advances from Customers Term Loan TOTAL

Total
10.00 3.53 17.00 30.53

% of Total
32.75% 11.57% 55.68%

100.00%

Ratio and Promoter Margin:


Particulars Project Debt Equity Ratio Project Asset Coverage Ratio Promoters margin Total 1.70 1.80 44%

Current Status

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Key Terms of Financing M/s _________________ (__________ or the Company) _________ Group developing Group Hostel facility named as ___________ consisting of 540 hostel rooms and Recreational facilities at___________ Lonere Raigad District near Dr. Ambedkar University Rs. 30.03 crores Total Project Cost to be funded at a debt equity ratio of 1.13:1 Equity contribution :Rs. 10.00Crores Rupee Term Debt : Rs. 17.00 Crores Deferred Payment to NOIDA : Rs. 5.03 Crores Rupee Term Loan : Rs. 17.00 Crores To part finance the capital expenditure for the implementation of the proposed Group Hostel Project Door-to-door tenure of 4 years including 2.00 years of construction period 8 quarterly structured instalments after moratorium period of 2 years of Construction period from first disbursement

Borrower Sponsor Promoters Project Project Cost Means of Finance

Facility Type Purpose Tenure Repayment Schedule

Investment rationale
To sum up, the key strengths of the project that makes it a bankable proposal are:
Know How available with the management: Good Industrial & Social Political relations:

Command over the business:

Market Potential: Financial Viability:

The key financial indicators of the project are as under: Financial Indicators Estimated Value Average DSCR* Minimum DSCR* *The DSCR mentioned is calculated for the loan repayment period. In view of sound financial indicators of the project and financial strength of the promoters, the proposal for term lending can be considered.

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1. Project Company Profile


1.1 Brief Background of Group and Company 1.2 XYZ Company Ltd
XYZ Company is a company of _______ Group incorporated on _________. It has its corporate office at ________________ and registered office ______________________. The company is developing Group Hostel facility at _________ near Dr. Ambedkar_____University.

1.3 Capital Structure and Shareholding Pattern


XYZ is promoted by Mr. _________and Mr.____________. Capital Structure of LBPL Particulars Authorised Share Capital _______ equity shares of Rs. 10 each Issued, Subscribed & paid up capital __________ Equity Shares of Rs. 10 each Share Holding Pattern of _________ Name of shareholder Mr. ___________ Mr. ___________ TOTAL No of shares % 100.00 (In Rs.) Amount _______________ _______________

1.4 Board of Directors


Name Designation Director Director Director

1.5 Key Management Personnel


___________ has established a team of qualified and experienced personnel for implementation and subsequent operation of the Project. Brief details of the key management personnel of the Project are as given below:

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Sl. No 1. 2. 3. 4 5. 6. 7. 8. 9. 10.

Name

Designation

Department

Age

Qualification

Experience (Years)

1.6 Financial Performance


Particulars FY 2010 FY 2011 FY 2012

1.7 Existing Banking Arrangement


The company is not availing any limits with any of the banks. As on date company is having only current account with syndicate Bank.

1.8 Credit Rating

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2. The Project
2.1 Project Background
The __________is developing Group Hostel facility named as ___________ consisting of 540 hostel rooms and Recreational facilities at___________, Lonere near Dr. Babasaheb Ambedkar Technological University. The Company is developing Hostel facility comprising of the land area of 84,500 sq. mts which will consist of 540 hostel rooms, Club House and open area development for other sports facilities. The whole master plan of project is given in Annexure - I. _______________ OVERVIEW Prominently located near to Dr. Babasaheb Ambedkar Technological University, Lonere. Total plot area of 84500 sq.ft with club house and open area for sports facility 540 Hostel Rooms with 200sq.ft and 250sq.ft area per Hostel room Club House comprising of Canteen, Gym, Swimming Pool and Table Tennis Court

2.2 Details of Land


The details of the land are given below: Land Details Property Type Possession Type Plot No./Sector Area of Plot Current Market Price FAR allowed Ground Coverage allowed Permissible FAR Achieved FAR Land used for Group Hostel Development Land used for Recrational Development NA Conversion Plot Self-owned 84,500 sq.ft Rs. 7.00 crores 200% 60%

2.3 Location Advantages


The project site is located at ______________, Lonere which is near to Dr. Babasaheb Ambedkar Technological University. The land is purchased by the company for the consideration amount of Rs. 7.00 crores. As per the valuer __________________ empannelled with _______ Bank, the market valuation of the property is Rs.__________ crores as on dated_____________.

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Map

Accessibility from major destinations: Destination Mahad City Mangaon, Tehsil Raigad Fort Goregaon Indapur Panvel Distance (in Kms.) 25 kms North 10 Kms, South 25 kms 5 kms, West 20 kms, North 108 Kms, North

Brief details regarding Dr. Babasaheb Ambedkar Technological University. Dr. Babasaheb Ambedkar Technological University (DBATU) is a unitary, state university located at Lonere in Raigad district,Maharashtra, India. Established by Government of Maharashtra in 1989 under the Government of Maharashtra Act 1983. Dr. Babasaheb Ambedkar Technological University is one and only one of its kinds in the State. Being located at Lonere, the place in the ranges of Western Ghat, at the foot of Raigad fort, the place from where Chhatrapati Shivaji administered his major activities. It is autonomous in nature and Unitary in its character. It is established in the year 1989 by the Government of Maharashtra. The University has a conducted institute of its own, "Institute of Petrochemical Engineering", running Diploma Courses in eight streams of engineering and technology. Established Type Chancellor
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1989 Public K. Sankaranarayanan


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Vice Chancellor Admin Staff Students Undergradutes Postgraduate Location Affiliations Website
Hostel Rooms availability in the Region

R. B. Mankar 146 5000 2322 252 Lonere, Maharashtra, India UGC www.dbatu.ac.in

The project location is highly populated with Students studying in Dr. Ambedkar University. There are very less Hostels compared to required number rooms. The table below provides the details of supply and demand of Hostel rooms in the region: Particulars 2011 2013 2016 Demand of Hostel Rooms Supply of Hostel Rooms GAP Presently there are 4 Hostels in the region providing Hostel facilities with __________ number of rooms. Hence by the above table it is evident that there is requirement of Hostel rooms in the region.

2.4 Project Specifications


The Group Hostel Project is proposed to be developed with 540 rooms comprising of 360 Type A room with area of 200 sq. ft and 180 Type B room with area of 250 sq.ft. The FAR distribution details and development plan of Group Hostel is given below:
FAR DISTRIBUTION DETAILS

Land Area Disrtibution Total Land Area (Sq ft) Permissible FAR (2.00) (Sq Ft) Achieved FAR (Sq.Ft) Particulars Hostel Rooms Non FAR Area Open Area Development Break up of Area distribution
Units per Floor Floors Incl. Ground Floor Unit Area(per sq. ft) Tower Floor Plate (Sq.ft) Total Ground Level Area

84,500 1,69,000 1,52,100 Area (Sq. Ft) 1,17,000.00 35,100.00 33,800.00


Total Area (Sq.ft)/ Tower

Type of Tower

No. of Towers

Total Units

Total Area (Sq.ft)

A B Total Non FAR Area

4 2 6

30 30

3 3

360 180 540

200.00 250.00

6000 7500 13500 4050

24000 18,000 72,000 15000 22,500 45,000 39000 40500 117000 11700 12150 35100
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Total SPECIFICATIONS OF HOSTEL ROOMS 1 2 3 4 5 6 External Faade Flooring Doors & Windows Toilet Electrical Inside wall & finish

17550

50700

52650 152100

Combination of stone work in dado &superior texture paint on all floors. Vitrified tile flooring in rooms. Branded anti-skid ceramic tiles in toilets & balconies Hardwood frames veneer finished entrance door. External aluminium/ UPVC doors and windows Branded anti-skid ceramic floor tiles: Sanitary ware: Fittings: Copper wiring in concealed PVC conduits. Sufficient light and power points. Provision for TV, telephone, internet, intercom points in all room Drawing/ dining with plastic paints & all other internal walls with OBD.

2.5 Inputs for Construction


Construction Materials The materials required in the construction are Cement, Steel, Electrical and other materials. We have a trusted vendor source to procure the building construction materials as and when required. The company will enter into agreement with prominent contractor who will look after construction of all Hostels. Manpower The manpower during the construction phase shall be deployed by the respective contractors appointed/ to be appointed for the Project. The Company is already having own staff to look after administrative and other operations related to the Project during construction period. Power Company has proposed to obtain power from the Maharahshtra Electricity Board once the project is completed. The company has informed that during the construction period, necessary power requirement would be arranged by appointed contractors. Water During construction phase, the company would source the water through bore well. During operation phase, the company would source water through municipal supply. Project Execution
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Company has engaged/ is to engage the services of reputed Architects/ Structural Consultants/ Contractors/ for execution of project. Project Off-take The company has appointed ____________. as the project management consultant to take care of the implementation proposed Project. Project Commencement The project is envisaged to be completed in 24 months from the date of financial closure.

2.6 Proposed Implementation Schedule


Activity Description Start Date Finish Date Land Purchase and Transfer Completed Preparation of Detailed Project Report for Submission to Lenders Sanction & financial closure Pre-Construction Work Preparation of detailed drawings and its approval from Appropriate Authority Appointment of Consultants Design Development (Concept Design, Schematic Design, Detailed Design Development, etc) Procurement (Award of Contracts to Contractors) Construction Work Civil & Structural Works Excavation, Foundation Basements Ground Floor 1st and 2nd Floor Finishing Brickwork, Plastering Miscellaneous (Flooring, etc.) MEP Works Plumbing & Fire Fighting Electrical External Development Work (Club House and other facilities) Miscellaneous (Open Area Development) Project Completion Date (COD)

2.7 Status of Approvals and Consents


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SL NATURE OF APPROVAL STATUS NO CORE SEGMENT MOEF- NOC 1 MESCOM - NOC 2 3 Electricity Board NOC 4 Approval of Building Plan 5 No objection from pollution control board 6 Clearance from Airport Authority of India 7 Fire Department NON-CORE SEGMENT 1 Installation of lifts 2 3 4 5 6 Installation of DG sets Availability of Water Approval for sewage connection Approval for other value added facilities as part of project detailed in technical specifications Approval with regard to income tax, sales tax, VAT, entry tax etc.

2.8 Project Consultants & Contractors


The Company has appointed following consultants for the Project. Domain Architectural Design Consultancy Services Structural and MEP Services Master Planning Liaison Consultants Statutory Clearances Soil Investigation and Topographical Survey Brief Profile of Project Consultants of project Consultant

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2.9 Cost of Project


The cost of the project is estimated to be Rs. 30.53 crores as per the detailed item wise break-up is given below: (Rs in Crores) Cost of Project Amount Cost of Land 7.00 Building Cost and Civil Works 13.78 Furniture and Fittings 2.70 Provision for Contingencies @ 5% 0.82 Interest on PC 2.40 IDC on Term Loan 2.33 Preliminary and Pre-operative Expenses TOTAL Comments on components of cost of project Land Cost and Registration Charges A total sum of Rs 7.00 cores has been allocated for the Land and Registration Charges for the proposed Hostel Project. The land is already purchased by the company. The breakup of the same is given in the following table: Rate Area (Rs. per sq. (sq. mts.) ft.) 85400 sq.ft 1000 5.55% Amount (Rs. in Crores) 1.50 30.53

Particulars Total Land Add: Registration Charges @ Land and Registration Cost

Building, Civil Works, Interiors and Furniture & Fixtures - Building Cost & Civil Works A total sum of Rs.13.78 Crores has been estimated for construction of the Buildings for the proposed Group Hostel. The breakup of building cost for the same is provided in the following table: (In Rs. Crore) Total Amount Particulars 1.40 Preliminary works 66.22 Civil works 23.12 Faade works 90.74 Total - Furniture & Fixtures
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It has been estimated that a sum of Rs 2.70 Crores will be required for the various furniture & fixtures necessary to furnish the hostel rooms. The break-up of estimated cost for each Hostel room is as follows: (In Rs. Crore) Particulars Plumbing works Electrical works Interiors Graphics and Signage Total Contingencies A sum of Rs. 0.82 crores assuming 5% of the Building, Civil works and Furniture & Fittings has been estimated for contingencies. Interest during construction period Interest during construction period of Rs.2.33 crores is taken for term loan @ 13.50% p.a. for implementation period of 24 months based on estimated draw down schedule linked to Project implementation schedule. Preliminary and Pre-operative Expenses Preliminary and Pre-operative costs estimated at Rs.1.50 crores include expenses such as consultancy fees, preliminary approvals, required, upfront fees on Term Loan etc.

2.10 Means of Finance


The cost of project for Group Hostel is proposed to be funded by the following means: (Rs In Crore) Means of Finance Amount Promoters Contribution 10.00 Advances from Customers 3.53 Term Loan 17.00 TOTAL 30.53 Comments on components of means of finance Promoter Equity The Company has proposed to contribute Rs.10.00 crores from own sources for the Project. Promoters have already infused Rs.__________ crores towards the project as per CA Certificated Dated.__________. CA certificate is attached in Annexure Advances from Customers The company has proposed the project through the advances received from the customers by Rs. 3.53 crores during implementation of project. Term Loan The Company has proposed to raise term loan of Rs.17 crores for the proposed Project.
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3. Project feasibility
3.1 Financial Feasibility - Annexure I
Detail assumptions underlying the Financial Projections. Debt Draw-down Schedule and Repayment Schedule Projected Cash Flow Projected Profit and Loss Account Projected Balance sheet Projected Debt Service Coverage Ratio Internal rate of return

3.2 Marketing and Selling Arrangement


The company has experienced experts team of Marketing with a vast experience headed by Mr. ______, who is Director- Marketing. He has more than ___ years of experience in the business and has been with the company since inception. The Marketing team has been instrumental in implementing the marketing strategies for all the projects completed till now and also done a significant achievement in the ongoing projects. The pictures of the proposed building can be seen as per Annexure II. Company will erect one Model room as part of marketing strategy to provide the feel of post construction flats. All the details about the room including animated 360 degree view of the model flat will be posted on the official website of the Company. Brochures and Newspaper advertisement and a full-fledged marketing team will be an added advantage for achieving the desired sale. Promotion activity in the University in order to create awareness about the project among students. Tie-up arrangement with the University shall be done so that they can give the brochure contacting the detail specification, facilities, Pricing and other amenities to existing students and new joining students with admission form.

3.3 Locational Advantage:


Apart from the above mentioned marketing and selling arrangement, the company also have a locational advantage which itself markets the proposed project. The advantages can be seen as mentioned below: Group Hostel project is located adjacent to Dr. Babasaheb Ambedkar Technological University. at Lonere, Raigad District which is the potential customer attracting zone The location has easy access to the Retail Shopping and Entertainment areas (Mahad) and Hospitals. The location is on Mumbai Goa Highway which is developing at very good pace, which also makes this proposal a very good investment

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3.4 SWOT ANALYSIS OF THE PROJECT


Strengths 1. Companys Strength in executing the project can depicted to through past experience 2. Prominent architect, leading consultants and experienced civil and structural contractors have been engaged for design and engineering of Hostel project. 3. Hostel units and surrounding area of project carry unique specifications and based on totally green concept, which are of great attraction to generate large bookings. 4. The project is adjoining express highway and thus surrounded by good infrastructure and its connectivity. 5. High Potential Market of 5000 student Buyers in the proposed project location. Weakness 1. The company is implementing a project of this nature for the first time. To overcome the aabove issue company has appointed reputed consultants and contractors for the implementation of the project. Opportunities 1. After Successful implementation of proposed project, same type of Hostel project can be proposed as the potential demand for Hostel rooms is very high in the proposed location 2. First mover advantage, as there is no Group Hostel Accommodation project of this type of unique sale based model in the present location 3. Recreational Centre and other amenities looking at the non-availability of these facilities in proposed area Threats 1. Threats from the existing Hostel accommodation providers Alaknanda, Dhavalgiri, malagiri, sahayagiri and Gagangiri . There are very less entities providing Hostel facilities, hence same can be overcome. The total supply from the above hostel facility is __________ rooms against required_________.

3.5 Risk Factor & Mitigations:Risks Execution Risk Risk Perception Delay in execution of project will increase the cost of project. Non availability of adequate materials/ labour / finance might delay the progress of the project.
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Mitigations

Operational Risk

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Price risk

Price quoted should be reasonable and any risk of volatile prices due to supply-demand factors increases the price risk.

The rates assumed are considerably reasonable and Company shall be able to sell the facilities at assumed rate and hence the risk is not major for the Project.

This is the risk of non-conformance of laid down quality standards for construction processes and raw materials. This risk relates to matters such as increased taxes and any policies that may have a bearing on the project. This is the risk that official Permitting clearances like approved building Risk plans, licenses from competent authorities may not be forthcoming or subject to expensive conditions. Interest Rate This is the risk that the floating interest rate of the project, if any, Risk would increase beyond the levels assumed for preparing projected cash flows. Quality and nonconformance risk: Political risk

The Company shall acquire all the necessary approvals and shall take necessary steps to mitigate the risk.

Site Risk

The project cash flows have been prepared and viable under the high interest rate scenario and also under the sensitivity analysis carried out for interest rate. Considering the same the company does not face a major threat due to interest rate risk. This is the risk that the project site The site has been acquired and all the might have legal encumbrances. verifications have been carried out by the Company.

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4. Conclusion
___________ is newly established SPV of ______ group. It is coming up with a Group Hostel project named ______________ at ______, next to Dr. Ambedkar University, Lonere, Raigad District. The company has already purchased land for the proposed project for Rs. 7 crores promoter contribution. The Market Valuation of the land is Rs. ________ as per valuer ___________. The estimated cost of the project is Rs.32.03 crores which is proposed to be funded with the Debt/Term Loan of Rs. 17.00 Crores and Promoters contribution of Rs. 10.00 Crores and Advance income from sale of units of Rs. 5.03 Crores at an estimated Debt Equity ratio of 1.2:1. The promoters have already incurred Rs. ____Crores in the proposed project. Company has already obtained certain necessary approvals/clearances for the proposed project. They have also made and are in the process of making applications to other authorities for getting the approvals. In view of the sound financial indicators of the project and the execution and financial strength of the promoters, the proposal for term lending can be considered.

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5. Annexures
Annexure I

5.1 Master Plan of Group Hostel 5.2 5.3 5.4 5.5 5.6 5.7 Brief Details the Key persons of the company Land Details CIBIL report of the Directors Copy of External Credit Rating Approvals Copies Contract copies executed for implementation of project

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5.8 Layout Plan of both types of Hostel Rooms


Type A with Built-up area of 200 sq.ft

Type B with Built-up area of 250 sq.ft

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5.9 Financial Feasibility


Summary: Total Plot Area F.A.R Available ( per norms) Total No. of Segments Finance required for Saleable Area Total No. of Units Average Area of each unit Average Selling Rate per Sq. Ft. Average Cost Per Sq. Ft. Estimated Profit Per Sq. Ft. Total Estimated Sales Estimated Cost of the Project Estimated Net Profit Duration of the Project Loan Proposed/Required
Key Assumptions Assumptions Sales Price per sq ft Admin and Sales Expenses Oppurtunity Cost Interest Rate

84500 sq.ft 8150 Sq. mts. ____ Two A & B Type Entire Project 540 200 sq. ft. Rs. 3,300 Rs. _____ Rs. 3,404 Rs. 50.19 Rs. 30.03 Rs. 16.58 48 Rs. 17

250 sq. mts. Per Sq. Ft. Per Sq. Ft. Per Sq. Ft. Crores Crores Crores Months Crores

3300 10% 12% 13.50%

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Tax Rate Contingency

32.45%
5%

Cost of Construction and Revenue Assumptions

COST OF CONSTRUCTION Total Land Area (Sq ft) Permissible FAR (2.00) (Sq Ft) Achieved FAR (Sq.Ft)

84,500 1,69,000 1,52,100 Development Cost / Sq. Ft 1000 400 200

10000000

Particulars Hostel Rooms Non FAR Area Open Area Development

Area (Sq. Ft) 1,17,000.00 35,100.00 33,800.00 TOTAL

Total Cost (Rs in Crores) 11.70 1.40 0.68 13.78

Construction Area Plan


Floors Incl. Ground Floor Unit Area(per sq. ft) Tower Floor Plate (Sq.ft) Total Ground Level Construction Area Total Area (Sq.ft)/ Tower

Type of Tower

No. of Towers

Units per Floor

Total Units

Total Ar (Sq.ft)

A B Total Non FAR Area


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4 2 6

30 30

3 3

360 180 540

200.00 250.00

6000 7500 13500 4050

24000 15000 39000 11700

18,000 22,500 40500 12150

72, 45, 117 35

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Total Construction Plan PARTICULARS Cost of Land Cost of Construction Furniture and Fittings Provision for Contingencies @ 5% Preliminary and Pre-operative Expenses Q1 100% 8% 0% 8% 50% Q2 0% 10% 0% 10% 50% Q3 0% 12% 5% 12% 0% Q4 Q1 CONSTRUCTION 0% 0% 15% 15% 10% 15% 15% 0% 15% 0%

17550

50700

52650

152

Q2 0% 15% 20% 15% 0%

Q3 0% 15% 25% 15% 0%

Q4 0% 10% 25% 10% 0%

Revenue Assumptions

BREAK UP OF AVERAGE UNIT PRICING


Saleable Area / unit SP per unit 260 858000 325 1072500

Variable Payments Basic Sales Price Maintainence Security Parking Charges Documents and financing
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Amount (Per Type Sq. Ft) A 3,000.00 100.00 B 150.00 50.00

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charges Total Selling Price Per Sq Ft Revenue Plan PARTICULARS Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenue 459 54 513 5% 5% 27 38 7% 7% 43 475 475 3,300.00

No of rooms available Additions Saleable Inventory Rooms % of Sales % of Sales Sold Rooms Sold Area Selling price Total Sales Value 43 43

- 43 54 97 0% 0% 3300.00 0.00 0% 0% 3300.00 0.00

97 65 162 0% 0% 3300.00 0.00

162 81 243 0% 0% 3300.00 0.00

243 81 324 0% 0% 3300.00 0.00

324 81 405 0% 0% -

405 81 486

8% 8%

- 7,605 10,647 12,168 3300.00 3300.00 3300.00 3300.0 0.00 2.51 3.51 4.0

DISBURSEMENT AND REPAYMENT OF TL

PARTICULARS

Q1

Q2

Q3

Q4 Q1 CONSTRUCTION

Q2

Q3

Q4

Repayment

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Opening Balance Additions Repayment Closing Balance Average Balance Interest @ 13.50%

0.00 1.00 0.00 1.00 0.50 0.02

1.00 2.00 0.00 3.00 2.00 0.07

3.00 2.50 0.00 5.50 4.25 0.14

5.50 2.50 0.00 8.00 6.75 0.23

8.00 3.50 0.00 11.50 9.75 0.33

11.50 3.50 0.00 15.00 13.25 0.45


2.33

15.00 1.50 0.00 16.50 15.75 0.53

16.50 0.50 0.00 17.00 16.75 0.57

Cash flow statement

Cash Flow Statement PARTICULARS Q1 Q2 Q3 Q4 Q1 Q2 Q3

2.40 Q4

OutFlow
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Land Cost Construction Cost Furniture and fittings Preliminary Exepenses Administrative and Selling Expenses Interest on Term Loan Repayment of Term Loan Interest on Promoter Contribution Tax Payment Total Outflow Inflow Promoters Contribution (PC) Proceeds from customers Total Inflow Surplus / Deficit Opening Balance Cash Surplus / Deficit Term Loan Required Closing Balance
Profit and Loss Statement

7.00 1.17 0.00 1.50 0.00 0.02 0.00 0.30 0.00 9.99

0.00 1.46 0.00 1.50 0.00 0.07 0.00 0.30 0.00 3.33

0.00 1.75 0.14 0.00 0.00 0.14 0.00 0.30 0.00 2.33

0.00 2.19 0.27 0.00 0.00 0.23 0.00 0.30 0.00 2.99

0.00 2.19 0.41 0.00 0.00 0.33 0.00 0.30 0.00 3.22

0.00 2.19 0.54 0.00 0.00 0.45 0.00 0.30 0.00 3.48

0.00 2.19 0.68 0.00 0.25 0.53 0.00 0.30 0.21 4.16

0.00 1.46 0.68 0.00 0.35 0.57 0.00 0.30 0.30 3.65

0 0 0 0

0 0 1 0 0 3

10.00 0.00 10.00 0.01 0.00


0.01

0.00 0.00 0.00 -3.33 1.01


-2.31

0.00 0.00 0.00 -2.33 -0.31


-2.64

0.00 0.00 0.00 -2.99 -0.14


-3.13

0.00 0.00 0.00 -3.22 -0.63


-3.86

0.00 0.00 0.00 -3.48 -0.36


-3.83

0.00 2.51 2.51 -1.65 -0.33


-1.99

0.00 3.51 3.51 -0.14 -0.49


-0.62

0 4 4 1

-0

1.00 1.01

2.00 -0.31

2.50 -0.14

2.50 -0.63

3.50 -0.36

3.50 -0.33

1.50 -0.49

0.50 -0.12

0 0

PROJECTED PROFIT AND LOSS ACCOUNT

Strictly Private and Confidential

Page 29

PARTICULARS

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Proceeds from customers Net Sales Cost of Construction Administrative and Selling Expenses Interest on Promoter Contribution Interest on Term Loan Profit Before Tax Less: Taxes PAT

0.00 0.00 0.00 0.00 0.00 0.00 0.00


0

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2.51 2.51 1.60 0.25 0.00 0.00 0.66 0.21 0.44

3.51

3.51

2.24 0.35 0.00 0.00 0.92 0.30

0.62

Balance Sheet

PROJECTED BALANCE SHEET

PARTICULARS Promoters Funds Reserves and Surplus


Strictly Private and Confidential

Q1 10.00 0.00

Q2 10.00 0.00

Q3 10.00 0.00
Page 30

Q4 10.00 0.00

Q1 10.00 0.00

Q2 10.00 0.00

Q3 10.00 0.44

Q4 10.00 1.07

10 1

Term Loan TOTAL Work in Progress Cash and Bank Balance TOTAL Error D/E FACR

1.00 11.00 9.99 1.01 11.00


0.00 0.10 9.99

3.00 13.00 13.31 -0.31 13.00


0.00 0.30 4.44

5.50 15.50 15.64 -0.14 15.50


0.00 0.55 2.84

8.00 18.00 18.63 -0.63 18.00


0.00 0.80 2.33

11.50 21.50 21.86 -0.36 21.50


0.00 1.15 1.90

15.00 25.00 25.33 -0.33 25.00


0.00 1.50 1.69

16.50 26.94 27.43 -0.49 26.94


0.00 1.65 1.66

17.00 28.07 28.19 -0.12 28.07


0.00 1.70 1.66

15 26

25 0 26

0 1 1

CALCULATION OF DSCR

PARTICULARS

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Cash Generation before Interest and Repayment Interest Repayment of Term Loan TOTAL DSCR AVERAGE DSCR

2.05 0.00 0.00 0.00

2.86 0.00 0.00 0.00

3.25 3.25 0.55 1.70 2.25 1.45

4.04 0.48 2.04 2.52 1.60

6.06 0.40 3.06 3.46 1.75

6.03 0.30 2.38 2.68 2.25

6.00 0.22 2.72 2.94 2.04

3.93 0.14 2.04 2.18 1.81

3.66 0.07 1.70 1.77 2.06

2.10 0.02 1.36 1.38 1.52

40.00 2.18 17.00 19.18

2.09

Strictly Private and Confidential

Page 31

IRR

PARTICULARS
Cashflows IRR

Year 1
-18.63

Year 2
-13.40 15%

Year 3
25.50

Year 4
16.90

Strictly Private and Confidential

Page 32