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...............................................................................................................................................................................................................................2 Sales Strategy.......................................................7 6.................................13 Table: Sales Forecast......................................................................................................................7 6.................0 Market Analysis Summary.....................................................................................4 Table: Market Analysis.......2 2.......................................................................................12 Table: Cash Flow...........................................................................................................................................................................................................................................................................................................1 Competitive Edge........................................................................8 7...............................................................................8 Chart: Break-even Analysis....................5 5........................2 Projected Profit and Loss..5 Business Ratios............1 Objectives...............................................................................................................4 3.............8 7..........7 5.........................3 Marketing Strategy.................................................................................................................................................................9 Chart: Profit Monthly..........................................................................................................................................2 Mission.................7 Table: Personnel............................10 7...........................................................................2.......................10 7...............................................5 5.....................................................................................................................................................3 Company Locations and Facilities.4 4....1 Table: Personnel...............................3 Projected Balance Sheet.....................2 2.......................................1 Sales Forecast....................................0 Executive Summary...................................Table of Contents 1.............................................................................................................................................................2 2..........................................................................0 Financial Plan...........................................6 Table: Sales Forecast.....11 7....................................0 Financial Plan...........4 Chart: Market Analysis (Pie)......................................................................6 5.......................1 1............................................................................................................................................................................................2 Table: Start-up Funding.........................0 Strategy and Implementation Summary.........................................................................................................................4 Projected Cash Flow........8 7..................................................................................................................................................................................8 7...............................................................1 1................................................11 Chart: Cash.....................................................................................................................................9 Table: Profit and Loss.............................................................................................2 Page 1 ...........4 4.......................................................6 Chart: Sales Monthly...........................................................................................................................0 Products.......................................................................................................................5 5....................................................................................................3 Projected Balance Sheet.........................1 Personnel Plan...............................2 Chart: Start-up.................................................................................................................................................................................................................1 Market Segmentation.............................................9 7.......1 Company Ownership..........................................................................................................0 Company Summary.................................................................................................3 2...................................................................0 Management Summary....1 Chart: Highlights.13 Table: Ratios................................................................................................................................................................................8 Table: Break-even Analysis..................................................................2 Start-up Summary..............................................10 Table: Balance Sheet............................................................................3 Table: Start-up...................................................................................................................1 Break-even Analysis....................................................................................................................................................................................................................................................................................

.............................................................................................................................................................................................................5 Cash Flow..................4 Cash Flow.............................................4 Profit and Loss...............................................................................................................................................................................................................................................................5 Balance Sheet.......................................................................................................................................................3 General Assumptions......................3 Profit and Loss..........................6 Page 2 ..............................................................................................................................6 Balance Sheet..........................................2 General Assumptions...................................Table of Contents Table: Table: Table: Table: Table: Table: Table: Table: Table: Personnel..................................................................................................................................................................................

250 million.0 Executive Summary The Silver Bear Lodge is located three blocks from Crest Lake Village. the Silver Bear Lodge will operate as a summer resort. Silver Bear Lodge also will offer a common-area outdoor hot tub as well as an on-site store and on-site front desk service. food. Assembling an experienced and effective staff. Maintaining an 90% occupancy rate during the peak periods. over 150. On average. visitors spend over Rs. co-owners of the Silver Bear Lodge.Silver Bear Lodge 1.000 skiers and nature lovers visit the Bear Valley Resort area. for lodging. annually. Page 1 . Marty Snyderman and Luke Roth. laundry facilities and stone fireplaces. mid-mountain at Bear Valley Resort and on the free shuttle system. will operate the lodge as a ski resort during the months of November to April.1 Objectives The objectives of the Silver Bear Lodge for the first three years of operation include:    Exceeding customer's expectations for luxury apres ski accommodations. Located in the recently expanded Crest Canyon area. Silver Bear Lodge will offer customers 12 two-bedroom units with underground parking. The lodge will be closed during the months of September and October. During the Spring and Summer months (May to August). Chart: Highlights 1. fully-equipped kitchens. and recreational activities at Bear Valley Resort. Each year.

2 Start-up Summary Marty Snyderman and Luke Roth will each invest Rs. fully-equipped kitchens.2 Mission The mission of Silver Bear Lodge is to become the number one lodge of choice with visitors to Bear Valley Resort.000 and an SBA loan for Rs.000. 100. Silver Bear Lodge also has a common-area outdoor hot tub as well as an on-site store and onsite front desk service.0 Company Summary The Silver Bear Lodge. 2. located in the recently opened Crest Canyon area. 250. laundry facilities and stone fireplaces. They will also secure a mortgage to purchase the property for Rs.000. 2. Chart: Start-up Page 2 . 100. has 12 two-bedroom units with underground parking.Silver Bear Lodge 1. 2.1 Company Ownership Marty Snyderman and Luke Roth are co-owners of the Silver Bear Lodge.

600 Total Capital and Liabilities Rs. 364. 14. 185. 364.600 Rs. 185.0 Rs. 350. 20. 5.600 Page 3 .0 Rs.000 Rs. 100.0 Rs. 364.000 Rs.000 Rs. 50. 14.000 Capital Planned Investment Marty Snyderman Luke Roth Additional Investment Requirement Total Planned Investment Loss at Start-up (Start-up Expenses) Total Capital Rs.000 Rs.600 Liabilities and Capital Liabilities Current Borrowing Long-term Liabilities Accounts Payable (Outstanding Bills) Other Current Liabilities (interest-free) Total Liabilities Rs.600 Rs. 14.000 Assets Non-cash Assets from Start-up Cash Requirements from Start-up Additional Cash Raised Cash Balance on Starting Date Total Assets Rs.600 Rs. 350.0 Rs.400 Start-up Assets Cash Required Other Current Assets Long-term Assets Total Assets Rs. Brochures Rental Shop Setup Property Down payment Lodge Setup Store Setup Insurance Total Start-up Expenses Rs. 350.400 Rs.000 Rs.Silver Bear Lodge Table: Start-up Funding Start-up Funding Start-up Expenses to Fund Start-up Assets to Fund Total Funding Required Rs. 364. 100.0 Rs. 6. 14.600 Total Funding Rs.000 Rs. 550.000 (Rs.600 Rs. 4. 50.0 Rs.000 Rs.000 Rs. 200. 550.400 Rs. 185.000 Table: Start-up Start-up Requirements Start-up Expenses Legal Stationery etc.400) Rs. 350.000 Rs.000 Rs.000 Rs.000 Rs. 50.

3. New construction is planned in the spring for two condo complexes and a hotel. In the past two years.000 60.Silver Bear Lodge Total Requirements Rs.500 69. the Bear Valley Resort area is a beautiful wilderness retreat with over 50 hiking trails and other outdoor recreational activities. Each year.0 Market Analysis Summary Resort hotel development and operation in the Bear Valley Resort area has been very profitable and successful due to the economic upturn experienced in the early and mid-90's. During the summer months.253 228.000 103. inns and hotels within two miles of the resort. fully-equipped kitchens. laundry facilities and stone fireplaces.352 Growth 15% 15% 15.132 157.000 2. lodges.3 Company Locations and Facilities The charm and solitude of Bear Valley's secluded mountain setting is found just 36 miles from the Richmond International Airport. The Bear Valley Resort area is quickly becoming one of the best ski resorts in the U. The resort is located 36 miles from Richmond International Airport and is easily accessible.411 104. Time-share / resort hotel development and investments into ski resorts nationwide are currently going strong.0 Products Silver Bear Lodge will offer customers 12 two-bedroom units.00% Page 4 .941 262.500 119.375 136.  Summer Visitors.879 91. 4. 550. Silver Bear Lodge will offer a common-area outdoor hot tub as well as the following services on-site:    Food store Ski rental/clothing shop Front desk service 4. sales of time-shares in the Bear Valley Resort area have increased by over 35 percent.000 150.1 Market Segmentation Our customers can be broadly divided into two groups:  Skiers. Table: Market Analysis Market Analysis Potential Customers Skiers Summer Visitors Total Year 1 Year 2 Year 3 Year 4 Year 5 90.000 172.00% 15.00% 15.350 198. There are forty condominiums. room occupancy is close to 100% during the peak skiing season.00% CAGR 15.S.025 79.

drinks and light music. Each evening. co-owners of the Silver Bear Lodge. There will be a ski rental shop where customers can outfit themselves and purchase ski passes. have over twenty years’ experience in managing ski lodging facilities. and other recreational activities that take advantage of valley's spectacular beauty.Silver Bear Lodge Chart: Market Analysis (Pie) 5.0 Strategy and Implementation Summary Silver Bear Lodge will aggressively market to both winter and summer visitors of the Bear Valley Resort area. We will offer a food shop that will be able to take special orders daily.000 room units in the resort area. Our customers are looking for a different lodging experience that cannot be found in any of the area's condo complexes or hotels. 5. first and foremost. The majority of room units in the area are condos. congenial environment that will assure return visits to the Silver Bear Lodge. white water adventures. guests can gather in the lodge's main room where there is a large fireplace. Marty is the manager-owner of the Crest Lake Inn. day hikes into Bear Valley. These facilities represent only 580 room units of the total of 4. The lodge will cost a little more but we will offer our customers all the services they need to make their stay memorable. The Bear Valley Resort has activities occurring year round. There are only thirteen lodges and inns in the Bear Valley Resort. During the winter there is skiing but in the summer months. We will offer our customers a comfortable.1 Competitive Edge The competitive edge of Silver Bear Lodge is the service. Marty Snyderman and Luke Roth. He has owned the inn for ten years. the resort has hot-air balloon trips. Page 5 .

58.0 Rs. a 60-unit condo complex in Silver Lake Village.0 Rs. 600.000 Rs.2.100 to Rs.000 Rs.000 Rs.0 Rs.022.000 Rs.700 Rs. Before this position.000 Sales Rooms Food Ski Rentals Clothing Total Sales Direct Cost of Sales Rooms Food Ski Rentals Clothing Subtotal Direct Cost of Sales Page 6 .175 per night.0 Rs.000 Rs. Table: Sales Forecast Sales Forecast Year 1 Year 2 Year 3 Rs. 915. 71. 23. He held that position for the last five years. 90. In the off season prices will range from Rs.000 Rs.Rs.000 Rs. 1. 145.150 .5 miles) and the Bear Valley Resort ski area (. Luke was the manager of The Ridge. 38.000 Rs. 101. Room rates for the lodge will range from Rs.000 Rs.2 Sales Strategy The Silver Bear Lodge's sales strategy is to harness the existing Bear Valley Resort booking system that has been critical to the success of all of the area's lodges and inns. 121. 160. Silver Bear Lodge is uniquely positioned to be centrally located to both Crest Lake Village (. 30. 70. 430. 560.0 Rs.5 miles). Another significant advantage for the Silver Bear Lodge is its location.Silver Bear Lodge Luke recently was the manager of the Village Resort Hotel. 741.1 Sales Forecast The following is the sales forecast for three years. 59.200 Year 2 Rs. 5. 180.000 Year 3 Rs. 5. 83.000 Rs.000 Rs.500 Rs.250 per night in peak season. 132. Being located in the recently opened Crest Canyon area.000 Rs.000 Rs.000 Rs.000 Rs.0 Rs. 128. 140.000 Year 1 Rs.000 Rs.000 Rs.000 Rs. 82.

Ski rental/clothing store (3). Since the total number of room units are few with the area's lodges and inns. Currently. Food store staff (3). Assistant manager. The Silver Bear Lodge is positioned as a new upscale facility that is focused on the high-income visitors to Bear Valley Resort. Maintenance staff (3). the Silver Bear Lodge will be highlighted in a promotional piece for Bear Valley Resort in the December issue of Ski Magazine. 70% of the area's visitors use the website to identify lodging and service options. The area's lodges and inns receive approximately 80% of their guests from the Bear Valley Resort booking system. these lodging units fill up quickly. In addition. 6.3 Marketing Strategy The Bear Valley Resort area has its own website and advertising/promotion program that promotes the area's lodging.Silver Bear Lodge Chart: Sales Monthly 5.1 Personnel Plan The personnel needed for the Silver Bear Lodge are the following:        Manager.0 Management Summary Luke Roth will be the manager of the daily operations of the Silver Bear Lodge. Page 7 . Cleaning staff (4). 6. Lodge staff (7).

1 Break-even Analysis The monthly break-even point is approximately Rs. 72. 110.000 22 Total Payroll Rs.Silver Bear Lodge Table: Personnel Personnel Plan Year 1 Year 2 Year 3 Manager Assistant Manager Lodge Staff Food Store Staff Ski Rental/Clothing Store Staff Maintenance Staff Cleaning Staff Total People Rs.000 Rs.000 Rs.0 Financial Plan 7.000 9 Rs. Table: Break-even Analysis Break-even Analysis Monthly Revenue Break-even Rs. 39. 36.000 Rs.000 Rs.000 Rs.905 Assumptions: Average Percent Variable Cost Estimated Monthly Fixed Cost 11% Rs. 39.000 Rs.000 Rs. 52.000 Rs. 46.900. 46. 42. 42.000 Rs.000 7. 126. 55. 48.000 Rs. 45. 35. 52.000 Rs. 382.000 22 Rs.000 Rs.000 Rs. 414.000 Rs. 43.965 Chart: Break-even Analysis Page 8 . 42.000 Rs.000 Rs. 48. 438. 120. 52.000 Rs.000 Rs. 76.000 Rs. 39.000 Rs. 79.

75% Rs. 138.0 Rs. 26.800 88. 30. 240.0 Rs.0 Rs. 382. 894.300 Rs.96% Rs. 101. 62.0 Rs.280 Rs.200 Rs. 667.200 Rs. 207.022.620 Rs.60% Expenses Net Profit Net Profit/Sales Page 9 . 60.000 Rs. 26.556 Rs. 14.280 Rs. 26. 83.000 Rs.980 Profit Before Interest and Taxes EBITDA Interest Expense Taxes Incurred Rs. 620. 42.000 Rs.700 Rs.020 Rs.000 Rs. 14.0 Rs. 438. 80.0 Rs.380 Rs. 1.964 13. 27.500 Rs. 59.000 88. 414. 24.000 87.000 Rs. 226. 24.0 Rs. 814.100 Rs.000 Gross Margin Gross Margin % Rs.592 5. 33.77% Rs.900 Rs.48% Rs. 24.0 Rs.2 Projected Profit and Loss Chart: Profit Monthly Table: Profit and Loss Pro Forma Profit and Loss Year 1 Year 2 Year 3 Sales Direct Cost of Sales Other Production Expenses Total Cost of Sales Rs.000 Rs. 657. 83. 563. 915.184 12.300 Rs.580 Rs. 65.48% Payroll Sales and Marketing and Other Expenses Depreciation Leased Equipment Utilities Insurance Lease Payroll Taxes Other Rs.375 Rs.0 Rs.000 Rs.000 Rs. 128. 128.000 Rs.936 Rs.000 Rs.0 Rs. 100. 108.500 Rs.0 Rs. 57. 114. 14.000 Rs. 48.000 Rs.280 Rs.000 Rs.500 Rs.000 Rs.000 Rs. 741.000 Rs.Silver Bear Lodge 7. 101. 18.254 Rs.000 Rs.0 Total Operating Expenses Rs. 94. 193.000 Rs.220 Rs.

000 (Rs.965 Rs.376 Rs. 310.0 Rs. 57.965 Rs.405 Rs.3 Projected Balance Sheet The following is the projected balance sheet for three years.280 Rs.000 Rs.000 (Rs. 150.192 Rs. 323.555 Rs. 320.192 Rs. 171. 381.000 Rs. 3. 114.400) Rs. 42.340 Assets Current Assets Cash Other Current Assets Total Current Assets Long-term Assets Long-term Assets Accumulated Depreciation Total Long-term Assets Total Assets Liabilities and Capital Current Liabilities Accounts Payable Current Borrowing Other Current Liabilities Subtotal Current Liabilities Long-term Liabilities Total Liabilities Paid-in Capital Retained Earnings Earnings Total Capital Total Liabilities and Capital Net Worth Page 10 .376 Rs. 57. 290.000 Rs. 53.437 Rs.157 Rs.Silver Bear Lodge 7.0 Rs.437 Rs.184 Rs. 200. 295.995 Rs.000 (Rs.809) Rs. 320.000 Rs. 171. 605.000 Rs. 335.405 Rs. 185. 30.744 Rs.000 Rs.625) Rs. 381. 165. 32.157 Rs. 14.965 Rs. 491. 350.0 Rs. 218. 341. 430.340 Rs.440 Rs.000 Rs.592 Rs.584 Rs. 28.405 Rs.160 Rs. 605. 35.0 Rs.0 Rs.555 Rs. 35.619 Rs. 200.619 Rs. 310. 491. 42. 118. 45. 142.560 Rs. 200. Table: Balance Sheet Pro Forma Balance Sheet Year 1 Year 2 Year 3 Rs.964 Rs. 387. 28. 31.000 Rs.744 Year 1 Year 2 Year 3 Rs.0 Rs.000 Rs.720 Rs.840 Rs. 138. 3.995 Rs.584 Rs.619 Rs. 370. 30. 14. 260.

163 Rs.Silver Bear Lodge 7.0 Rs.0 Rs. 18. 1. 31. 915.0 Rs.437 Rs.000 Rs.000 Rs. 741.022. 974. 425.0 Rs. 165.0 Rs.971 Rs.000 Rs.0 Rs.022. 382. 915.0 Rs.022. 1.882 Rs. VAT. 863.4 Projected Cash Flow Table: Cash Flow Pro Forma Cash Flow Year 1 Year 2 Year 3 Rs.0 Rs.029 Rs. 20.000 Rs.0 Rs.0 Rs. VAT.118 Rs. 298. 345.0 Rs.882 Rs.163 Rs. 741.584 Cash Received Cash from Operations Cash Sales Subtotal Cash from Operations Additional Cash Received Sales Tax.000 Rs.0 Rs.000 Rs. 30. 30.0 Rs.000 Rs. 21.000 Rs.0 Rs.000 Rs.0 Rs.0 Rs. 87. 118. 47.0 Rs.0 Rs.000 Rs.837 Rs.000 Rs. 60.0 Rs. 680.0 Rs.0 Rs.000 Rs. 915.000 Rs.0 Rs.0 Rs.000 Year 1 Year 2 Year 3 Rs.0 Rs. HST/GST Received New Current Borrowing New Other Liabilities (interest-free) New Long-term Liabilities Sales of Other Current Assets Sales of Long-term Assets New Investment Received Subtotal Cash Received Expenditures Expenditures from Operations Cash Spending Bill Payments Subtotal Spent on Operations Additional Cash Spent Sales Tax. 1. HST/GST Paid Out Principal Repayment of Current Borrowing Other Liabilities Principal Repayment Long-term Liabilities Principal Repayment Purchase Other Current Assets Purchase Long-term Assets Dividends Subtotal Cash Spent Net Cash Flow Cash Balance Page 11 . 16.882 Rs.000 Rs. 827.000 Rs.000 Rs.0 Rs.000 Rs.0 Rs. 724.163 Rs.0 Rs. 759.0 Rs. 14.0 Rs.0 Rs.000 Rs.971 Rs.0 Rs. 438.555 Rs.0 Rs. 414.0 Rs. 30. 741.000 Rs.0 Rs.971 Rs.

Silver Bear Lodge Chart: Cash Page 12 .

77% 51.472 2.04% 83.48% 73. Industry profile ratios based on the Standard Industrial Classification (SIC) code 7011.a Activity Ratios Accounts Payable Turnover Payment Days Total Asset Turnover Debt Ratios Debt to Net Worth Current Liab.46 85.95% 85.50% 11.17 3.51 1% 11.02% 8.59 6% 6.17 48.a n.00% 46.88% 9.46 12.a n.180 8.45 1.936 6.60% 44.a Rs.18% 33. Table: Ratios Ratio Analysis Year 1 Year 2 Year 3 Industry Profile n. 23.00% 32.17% 34.78% 22.17 28 1.10% 1.90% Other Current Assets Total Current Assets Long-term Assets Total Assets 3.69% 5.23% 19.10 0.a 5.a n.86 12.66 0.00% 100.01 1.87 0.92% 48.00% 100.96 0.96% 76.a.00% 8.94% 65.00% 1.22 n.39% 15.00% 26.60% 69.41.92 4.92% 88.12 n.60% 54. General & Administrative Expenses Advertising Expenses Profit Before Interest and Taxes Main Ratios Current Quick Total Debt to Total Assets Pre-tax Return on Net Worth Pre-tax Return on Assets Additional Ratios Year 1 Year 2 Year 3 Net Profit Margin Return on Equity 5.34 0. Liquidity Ratios Net Working Capital Interest Coverage Additional Ratios Assets to Sales Current Debt/Total Assets Acid Test Sales/Net Worth Dividend Payout Page 13 .16% 100.78% n.00% Current Liabilities Long-term Liabilities Total Liabilities Net Worth 1.35 Rs.05 54.96% 4.29 0.84% 42.a n.a n.90% 2.15% 6.119.40% 34.22% 58.17% 95.72% 100.00% 87.48% 8.17 17 1.54 6% 4.00 n.a n.00% 88.a 76.a n.82 Rs. to Liab.94 12.70% Sales Growth Percent of Total Assets Percent of Sales Sales Gross Margin Selling.69 n.92 65.08% 100.46 11.Silver Bear Lodge 7.75% 36.a 0.74% 21.00% 15.92 5.00% 6.00% 0.40% 100.19 27 1.48% 66.00% 6.00% 68.75% 74.83% 5.70% 3.77% 63.09% 63.a n.77% 1.50% 30.00% 75.10% 12.47% 12.00% 88.77% 83.183.67% 11.5 Business Ratios Business ratios for the years of this plan are shown below.a n.00 0. Hotels and Motels.12% 100.00% 106.48% 11.91% 100.95 0.63% 13. are shown for comparison.17 6.97% 32.00 0.

Silver Bear Lodge Page 14 .

12. 3. 7. 41. 50.000 Rs.0 Rs.0 Rs.500 Rs. 20.000 Rs.0 Rs. 3. 24.0 Rs.000 Rs. 20.000 Rs.0 Rs. 4. 30. 4.000 Rs. 40.000 Rs.0 Rs.0 Rs.000 Rs. 41.0 Subtotal Direct Cost of Sales Rs. 50. 16.000 Rs. 4. 4. 60.000 Rs. 88. 8.500 Rs.000 Rs.0 Rs. 10.0 Rs.000 Rs.000 Rs. 99.000 Rs.000 Rs. 4.000 Rs.0 Rs. 1.0 Rs.0 Rs. 6.000 Rs.500 Rs.0 Rs. 68. 3.000 Rs.000 Rs. 30. 7. 7.500 Rs. 10.0 Rs.000 Rs.000 Rs.0 Rs.000 Rs.000 Rs.500 Rs. 1.000 Rs.000 Rs. 99.0 Rs.0 Rs.500 Rs. 12. 1. 12.0 Rs. 16.0 Rs.000 Rs.0 Rs.000 Rs. 24. 9. 5.0 Clothing Rs.000 Rs. 3.0 Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Rs.000 Rs.0 Rs.000 Rs.000 Rs. 50. 9. 5. 7.700 Rs.600 Rs.000 Rs.000 Rs. 60.000 Rs.600 Rs.000 Rs. 112.000 Rs. 42.000 Rs.000 Rs. 1.700 Rs. 13. 18.0 Rs. 3.000 Rs.000 Rs.0 Rs. 30.000 Rs.000 Rs. 1.000 Rs. 4. 2. 8.000 Rs. 3. 6.000 Rs.000 Rs. 24. 8. 12.500 Rs. 5.000 Rs.0 Rs.000 Rs. 41.0 Rs.0 Rs.0 Rs.0 Rs.500 Rs.0 Rs.000 Rs.000 Rs.000 Rs. 7. 5. 24. 110.0 Rs.000 Rs.000 Rs.000 Rs.0 Rs.000 Rs.400 Rs.000 Rs.000 Rs.000 Rs.000 Rs.0 Rs.0 Rs.0 Rs.000 Rs. 30. 8.0 Rs. 4. 18.000 Rs.000 8.000 Rs.0 Rs. 3.0 Sales Rooms Food Ski Rentals Clothing Total Sales Direct Cost of Sales Rooms Food Ski Rentals 0% 0% 0% 0% Page 1 .400 Rs.0 Rs.Appendix Table: Sales Forecast Sales Forecast Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Rs. 4.0 Rs.0 Rs.0 Rs.

3. 13.500 Rs. 2.500 Rs. 3.000 Rs.000 Rs. 6.000 Rs.000 Rs. 3.000 22 Rs. 3. 3. 38.500 Rs. 13.500 Rs.000 Rs.000 Rs.500 Rs. 3.000 Rs.0 Rs.000 22 Rs. 4.000 Rs.000 Rs. 3. 3. 13.000 Rs.500 Rs. 4. 4.500 Rs.000 Rs. 16.500 Rs.000 18 Rs. 38.0 Rs. 4.500 Rs. 4.500 Rs.000 Rs. 4. 38.000 Rs.500 Rs.500 Rs. 3.000 Rs.000 18 Rs. 2. 6.500 Rs.500 Rs.000 Rs. 2. 3.500 Rs.000 Rs. 3.000 18 Rs. 4. 38.000 9 Rs. 6. 4. 3. 8.500 Rs.000 Rs. 3.500 Rs.0 Rs. 3.500 Rs. 8. 16.0 Rs.500 Rs. 8.000 Rs.500 Rs. 4. 29. 38. 4. 6.000 Rs.500 Rs.000 22 Rs.500 Rs.000 Rs.000 Rs.Appendix Table: Personnel Personnel Plan Manager Assistant Manager Lodge Staff Food Store Staff Ski Rental/Clothing Store Staff Maintenance Staff Cleaning Staff Total People Total Payroll 0% 0% 0% 0% 0% 0% 0% Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Rs.000 9 Rs.500 Rs. 3. 4.000 Rs.000 22 Rs. 13. 3. 29.500 Rs.000 Rs. 3.500 Page 2 . 38. 4.000 Rs. 3. 4. 3.500 Rs.000 Rs.500 Rs. 4.500 Rs.000 22 Rs. 4. 29. 8.500 Rs. 13.000 18 Rs.000 Rs. 6. 2. 6.000 Rs.0 Rs.000 Rs.000 Rs. 4. 4.000 Rs. 3.500 Rs. 3. 13. 6.000 Rs.0 Rs. 3. 4.000 Rs.500 Rs. 3.000 Rs. 3.000 Rs. 4.000 Rs.500 Rs. 6.500 Rs. 3. 4.500 Rs.000 Rs.500 Rs. 3.000 Rs.000 Rs. 4.000 Rs.000 22 Rs. 6. 4.500 Rs. 3. 29. 6. 4. 6.000 Rs. 3. 4.000 Rs.000 Rs. 6.

00% 10.00% 10.00% 30.00% 10.00% 10.00% 30.00% 30.00% 10.00% 30.00% 10.00% 10.00% 10.00% 10.00% 30.00% 10.00% 30.00% 30.00% 10.00% 10.Appendix Table: General Assumptions General Assumptions Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 1 2 3 4 5 6 7 8 9 10 11 12 Current Interest Rate 10.00% 10.00% 30.00% 10.00% 10.00% 10.00% 10.00% 10.00% 30.00% 10.00% 0 0 0 0 0 0 0 0 0 0 0 0 Plan Month Other Month 12 Page 3 .00% Long-term Interest Rate 10.00% 30.00% Tax Rate 30.00% 10.00% 10.00% 10.00% 30.

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