Projected Balance Sheet

Particulars
Source of Funds

Year 0

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Equity Capital

10,380,000.00

10,380,000.00

10,380,000.00

10,380,000.00

10,380,000.00

10,380,000.00

10,380,000.00

Reserve & Accumulated profit

(1,922,109.37
)

(2,285,611.31
)

341,379.13

6,899,620.95

16,564,639.45

30,923,325.39

Total Equity

10,380,000.00

8,457,890.63

8,094,388.69

10,721,379.13

17,279,620.95

26,944,639.45

41,303,325.39

Long term loan

6,920,000.00

6,536,046.41

6,103,903.26

5,617,522.34

5,070,096.33

4,453,963.53

3,760,500.64

Total Loan

6,920,000.00

6,536,046.41

6,103,903.26

5,617,522.34

5,070,096.33

4,453,963.53

3,760,500.64

Total
Application of Funds

17,300,000.00

14,993,937.04

14,198,291.96

16,338,901.47

22,349,717.29

31,398,602.99

45,063,826.03

Fixed Assets

16,071,690.00

16,071,690.00

16,391,690.00

17,911,690.00

22,181,690.00

23,501,690.00

23,671,690.00

Less: Acc Depreciation

2,452,983.00

4,980,966.00

7,686,949.00

11,245,432.00

14,883,915.00

18,555,398.00

Less:Acc amortization

60,000.00

120,000.00

180,000.00

240,000.00

300,000.00

300,000.00

Fixed Assets (Net of Dep)

16,071,690.00

13,558,707.00

11,290,724.00

10,044,741.00

10,696,258.00

8,317,775.00

4,816,292.00

Shareholders fund

Loans

Current Assets

Inventory

17,478.86

25,839.47

36,374.06

46,940.80

55,098.41

65,023.77

Receivables

931,228.77

1,285,439.18

2,108,906.54

3,164,297.91

3,970,510.63

5,287,793.68

Cash and bank balances

78,310.00

259,433.99

1,784,554.53

6,199,273.02

13,064,279.02

25,714,530.43

44,658,194.73

Total Current Assets

Less: Current Liabilities &
Provisions

78,310.00

1,208,141.63

3,095,833.18

8,344,553.62

16,275,517.74

29,740,139.48

50,011,012.18

Working Capital Loan

563,184.20

812,053.71

1,399,604.54

2,181,953.48

2,764,869.21

3,692,780.10

Payables

244,727.38

296,211.51

395,774.93

483,796.86

569,522.53

736,842.33

Provision for tax

921,751.03

2,301,137.48

3,391,234.56

5,038,135.41

Dividend payable

138,262.65

345,170.62

508,685.18

755,720.31

Net Current Assets

Preliminary Expenditure not
written off

78,310.00

400,230.04

1,987,567.96

5,489,160.47

10,963,459.29

22,505,827.99

39,787,534.03

1,150,000.00

1,035,000.00

920,000.00

805,000.00

690,000.00

575,000.00

460,000.00

Total Application

17,300,000.00

14,993,937.04

14,198,291.96

16,338,901.47

22,349,717.29

31,398,602.99

45,063,826.03

Current Liabilities

807,911.58

1,108,265.22

2,855,393.15

5,312,058.45

7,234,311.49

10,223,478.15

Total Assets

14,766,848.63

14,386,557.18

18,389,294.62

26,971,775.74

38,057,914.48

54,827,304.18

Projected Profit and Loss Account

Particulars
Revenue

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Fee Income

7,315,700

10,206,840

16,811,275

25,307,977

31,826,736

42,437,271

Other Income

237,600

219,500

294,300

357,995

378,517

452,611

Total Income

7,553,300

10,426,340

17,105,575

25,665,972

32,205,253

42,889,882

Less: Expenditure

5,955,033

7,207,813

9,630,523

11,772,390

13,858,382

17,929,830

Profit before Dep & Interest

Less: Dep & Amortization

1,598,267

3,218,527

7,475,052

13,893,582

18,346,871

24,960,052

Depreciation

2,452,983

2,527,983

2,705,983

3,558,483

3,638,483

3,671,483

Amortization
Amortizatiom-Preliminary
expenses

60,000

60,000

60,000

60,000

60,000

115,000

115,000

115,000

115,000

115,000

115,000

Profit before interest

(1,029,716)

515,544

4,594,069

10,160,099

14,533,388

21,173,569

Interest on loan

892,393

879,046

907,065

955,549

968,450

1,021,027

Profit Before Tax

(1,922,109)

(363,502)

3,687,004

9,204,550

13,564,938

20,152,542

921,751

2,301,137

3,391,235

5,038,135

(363,502)

2,765,253

6,903,412

10,173,704

15,114,406

Dividend to Shareholder (5%)

138,263

345,171

508,685

755,720

Previous Year's Profit

(1,922,109)

(2,285,611)

341,379

6,899,621

16,564,639

Less: Income tax(25%)

Net Profit after Tax

(1,922,109)

Cumulative Profit forwarded to

B/S

(1,922,109)

(2,285,611)

341,379

6,899,621

16,564,639

30,923,325

Projected Cash Flow Statement

Description
1. Cash Flow from Operating
Activities

Year 1

NPBT
Add: Depreciation

Year 2

Year 3

Year 4

Year 5

Year 6

-1,922,109
2,452,983

-363,502
2,527,983

3,687,004
2,705,983

9,204,550
3,558,483

13,564,938
3,638,483

60,000
115,000
892,393

60,000
115,000
879,046

60,000
115,000
907,065

60,000
115,000
955,549

60,000
115,000
968,450

Add: Amortization
Add: Preliminary Exp written off
add: int paid

20,152,542
3,671,483
115,000
1,021,027

Less:Tax Paid
Cash Flow before change in WC
Adjustments for:

(921,751)

(2,301,137)

(3,391,235)

Decrease/(Increase) in Inventories

(17,479)

(8,361)

(10,535)

(10,567)

(8,158)

(9,925)

Decrease/(Increase) in S.Debtors

(931,229)

(354,210)

(823,467)

(1,055,391)

(806,213)

(1,317,283)

Increase/(Decrease) in Trade Payables

Net Cash Flow from Operating
Activities
2. Cash Flow from Investing
activities

807,912

300,354

687,114

870,371

668,641

1,095,231

1,457,471

3,156,309

7,328,164

12,776,243

15,900,005

21,336,840

Sales/(Purchase) in Fixed Assets

Net Cash Flow from Investing
Activities
3. Cash Flow from Financing
Activities
Increase/(Decrease) in Equity Share
Capital
Increase/(Decrease) in Long term

(320,000)

(1,520,000)

(4,270,000)

(1,320,000)

(170,000)

(320,000)

(1,520,000)

(4,270,000)

(1,320,000)

(170,000)

Loans

(383,954)

(432,143)

(486,381)

(547,426)

(616,133)

(693,463)

Int paid

(892,393)

(879,046)

(907,065)

(955,549)

(968,450)

(1,021,027)

Dividend Paid

(138,263)

(345,171)

(508,685)

(1,276,347)

(1,311,189)

(1,393,446)

(1,641,237)

(1,929,753)

(2,223,176)

181,124

1,525,121

4,414,718

6,865,006

12,650,251

18,943,664

Cash & Cash Equivalents: Opening

78,310

259,434

1,784,555

6,199,273

13,064,279

25,714,530

Cash & Cash Equivalents: Closing

259,434

1,784,555

6,199,273

13,064,279

25,714,530

44,658,195

Net Cash Flow from Financing

Activities
Net Increase in Cash & Cash
Equivalents

Payback Period calculation

Year
Year 0
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6

Investment Equity and

Loan
(17,300,000)

Net Profit

Depreciation, Interest and

Amortization

(1,922,109)
(363,502)
2,765,253
6,903,412
10,173,704
15,114,406

2,627,983
2,702,983
2,880,983
3,733,483
3,813,483
3,786,483

Annual Cash Flow

(17,300,000)
705,874
2,339,481
5,646,236
10,636,895
13,987,187
18,900,889

Cumulative Cash
Inflow
(17,300,000)
(16,594,126)
(14,254,645)
(8,608,409)
2,028,486
16,015,673
34,916,562

Payback
Period

3.81

Net Present Value & IRR of the Project

S.No.

Year

Investment Equity and

Loan

Year 0

(17,300,000)

Net Profit

Depreciation, Interest and

Amortization

Annual Cash
Flow
(17,300,000)

Year 1

(1,922,109)

2,627,983

705,874

Year 2

(2,285,611)

2,702,983

417,372

Year 3

341,379

2,880,983

3,222,362

Year 4

6,899,621

3,733,483

10,633,104

Year 5

16,564,639

3,813,483

20,378,122

Year 6

30,923,325

3,786,483

34,709,808

NPV
IRR

27,660,604
32.04%

Cost of
capital

9%

School Income Detail

Particulars
Fee Income
Computer Fee Income
Bus Fee Income
Total Income From Fee

Year 1
7,315,700
70,560

Year 2
10,206,840

7,315,700

10,206,840

Year 3
16,811,275

80,640

123,200
16,811,275

Year 4
25,249,177
58,800
172,480
25,307,977

Year 5
31,688,136
138,600
201,600

Year6
42,178,089
259,182
247,520

31,826,736

42,437,271

Other Income
Particulars
Diary , Tie and Belt Income
Dress Commission
Canteen Income
Form Sales Income
Total Other Income
Total income

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

58,800
29,400
120,000
29,400

41,300
37,800
132,000
8,400

71,400
57,750
145,200
19,950

94,325
80,850
159,720
23,100

94,675
94,500
175,692
13,650

121,800
116,025
193,261
21,525

237,600

219,500

294,300

357,995

378,517

452,611

7,553,300

10,426,340

17,105,575

25,665,972

32,205,253

42,889,882

School Expenses Detail

Particulars

Year 1

Year 2

Year 3

Year 4

Year 5

Land rent

216,000

237,600

261,360

287,496

316,246

Utility

214,000

295,600

409,840

569,776

793,686

104,263

171,056

256,660

322,053

Consumables
Salary expenses

75,533
4,134,000

5,076,500

7,068,100

8,719,425
1,045,914

Other administrative expenses

811,000

875,400

972,673

Scholarship

304,500

408,450

526,995

Miscellaneous Expenditure

200,000

210,000

220,500

Total

5,955,033

7,207,813

9,630,523

10,254,387

Year 6
347,870
1,107,161
428,899
13,570,743

1,115,055

1,209,161

661,595

813,854

1,010,739

231,525

243,101

11,772,390

13,858,382

255,256
17,929,830

Working Capital Requirement Analysis

Description
Current assets

Days
Outstanding

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Receivables

45

931,229

1,285,439

2,108,907

3,164,298

3,970,511

5,287,794

Inventory- Consumables &

45

17,479

25,839

36,374

46,941

55,098

65,024

948,708

1,311,279

2,145,281

3,211,239

4,025,609

5,352,817

244,727

296,212

395,775

483,797

569,523

736,842

703,980

1,015,067

1,749,506

2,727,442

3,456,087

4,615,975

563,184

812,054

1,399,605

2,181,953

2,764,869

3,692,780

Total CA
Current Liabilities
Expenses Payable

Net Working Capital

Working Capital Loan
(@80% of NWC)

15

Staff Salary
Designation

Per Month

Year 1

Year2

Year 3

Year 4

year 5

Year 6

Principal

50,000

50,000

55,000

60,500

66,550

73,205

80,526

Vice Principal
Accountant Cum
Receptionist

40,000

40,000

44,000

48,400

53,240

58,564

64,420

15,000

15,000

16,500

18,150

19,965

43,923

96,631

Preprimary Teacher

7,500

45,000

49,500

72,600

79,860

87,846

112,736

Primary Teachers

9,000

81,000

118,800

130,680

143,748

158,123

173,935

Secondary Teachers

12,000

96,000

171,600

217,800

351,384

Peon & Sweepers

5,000

20,000

33,000

36,300

46,585

51,244

56,368

Guard

8,000

16,000

17,600

19,360

21,296

23,426

25,768

Dance Teacher

10,000

10,000

11,000

12,100

13,310

14,641

16,105

Music Teacher

10,000

10,000

11,000

12,100

13,310

14,641

16,105

Sports Teacher

10,000

10,000

11,000

12,100

13,310

14,641

16,105

Gardener

5,000

5,000

5,500

6,050

6,655

7,321

8,053

Driver

8,000

16,000

17,600

19,360

21,296

23,426

25,768

Total (per month)

318,000

390,500

543,700

670,725

788,799

1,043,903

Total( in a yr)

4,134,000

5,076,500

7,068,100

8,719,425

10,254,387

13,570,743

Fixed Assets & Depreciation Schedule

Assets
Particulars
Building
Furniture
Computer and Others
Machinery
Vehicles
Intangible Assets
Other Assets
Total

Amount
5,210,000
1,112,000
1,180,400
689,500
7,200,000
300,000
379,790
16,071,690

Depreciation

Year1
Buildi
ng
Furnit
ures
Comp
uter
and
Others
Machi
nery
Vehicl
es
Other
Assets

Use
ful
yea
r

Year1

Year2

Year3

Year4

Year5

Year6

Ra
te

5,210,0
00

5,210,
000

5,210,
000

5,210,
000

5,210,
000

5,210,
000

0.0
5

260,500

260,500

260,500

260,500

260,500

260,500

1,112,0
00

1,412,
000

1,612,
000

1,732,
000

1,852,
000

1,972,
000

0.2
5

278,000

353,000

403,000

433,000

463,000

493,000

1,180,4
00

1,180,
400

1,680,
400

1,680,
400

1,880,
400

1,880,
400

0.2
5

295,100

295,100

420,100

420,100

470,100

470,100

689,50
0

689,50
0

709,50
0

859,5
00

859,5
00

879,5
00

0.1
5

103,425

103,425

106,425

128,925

128,925

131,925

7,200,0
00

7,200,
000

7,200,
000

11,20
0,000

11,20
0,000

11,20
0,000

0.2
0

1,440,000

1,440,00
0

1,440,00
0

2,240,000

2,240,00
0

2,240,0
00

379,79
0

379,79
0

379,79
0

379,7
90

379,7
90

379,7
90

75,958
2,705,98
3

75,958

2,452,983

75,958
2,527,98
3

3,558,483

75,958
3,638,48
3

75,958
3,671,4
83

2,452,983

4,980,96
6

7,686,94
9

11,245,43
2

14,883,9
15

18,555,
398

Total
Acc
dep
n

Year1

75,958

Year2

Year3

Year4

Year5

Year6

Ratios
Ratios

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Current Ratio
Debt equity ratio
ROA
ROE
Net profit margin
Gross Profit
Margin

1.50

2.8

2.9

3.1

4.1

4.9

0.77
-13%
-23%
-25%

0.75
-3%
-4%
-3%

0.52
15%
26%
16%

0.29
26%
40%
27%

0.17
27%
38%
32%

0.09
28%
37%
35%

21%

31%

44%

54%

57%

58%