SUMMARY OF INVESTMENT ANALYSIS

xyz HOTEL
Hotel name, location
Year of opening

: Radisson Plaza, Udaipur
: Jul-08

No of Rooms
Present
To be added
Total

164
81
245 by 2009

Stable occupany

:

80% In Year 2011 - 12

ARR-room in opening year
ARR-Suites in opening year
Average yearly increase in room rent
F&B as % of room revenues

:
:
:
:

Total investment

:

204.33 Rs. in Crores

Cumulative revenues (2009-2017)
Cumulative PBT (2009-2017)
PBT %
Profit after tax (2009-2017)
PAT %

:
:
:
:
:

1366.98 Rs. in Crores
458.18 Rs. in Crores
34%
313.37 Rs. in Crores
23%

Internal Rate of Return
RoI for 9 year period (2009-2017)
Total cash accumulation (2009-17)
Cash return on equity

:
:
:
:

30.6%
21.3%
391.49 Rs. in Crores
33%

Total management fee to be paid (2009-17)
as % of revenues

:
:

150.80 incl franchise, incentive, mgmt fee
11%

14000 Rs.
16000 Rs.
5%
26% Average

Returns to Investors
2010 - 11 (2.5 years)
2011 - 12 (3.5 years)

175%
210%

COST OF THE PROJECT AND MEANS OF FINANCE

Sr. No.

Particulars

I

COST OF THE PROJECT

1
2
3
4
5
6

Land (incl. Development Cost)
Building (Hotel )
Plant & Equipment
Misc. Fixed Assets
Pre-operative Expenses
Preliminary Expenses
Total

II

MEANS OF FINANCE

1
2
3
4
5

Promoters' Equity
Share Premium
Quasi Equity of Promoters
Term Loans from Banks
Private Equity Funding
Total
Debt Equity Ratio:

(Rs. in Lakhs)

Project under
Implementation

Expansion

Total

3512.00
2510.00
3850.00
2540.00
1617.25
403.75

1060.00
2150.00
2700.00
90.00
-

3512.00
3570.00
6000.00
5240.00
1707.25
403.75

14433.00

6000.00

20433.00

1,500.00
3,500.00
2,083.00
7,350.00
-

6,000.00

1,500.00
3,500.00
2,083.00
7,350.00
6,000.00

14,433.00

6,000.00

20,433.00

51:49 %

-

36:64 %

67 19.29 2.14 26.70 5.663.15 6. the profibitability in these years is less as compared to 2008-09 and 2009-10 3) The Promoters have substantially funded the project out of their own funds.286.147.90 6.54 41. 2008 2) Repair & Maintenance estimated @ 5% of the cost of the building & Machinery is charged from 2010-11 onwards From 2012-13 onwards repairs is taken @ 10% Therefore.674.23 8.887.74 2.040.56 86.58 EXPENDITURE Cost of Services Admin.46 4.40 2.66 46% 19% 50% 26% 45% 24% 44% 23% 42% 22% 42% 22% 41% 23% 41% 23% 41% 23% EBDITA % PAT % NOTES:1) 164 rooms will be operational from 31st July.93 3.80 1.66 1. in Lakhs) Details 0 2008 .319.37 827. for which land is already acquired.202.09 2009 .499.492.08 7.332.88 188.16 2016 .68 6.59 Total Expenditure EBIDTA 2.59 2.47 6.350.841.04 2.390.96 1.13 6.92 4.58 30.58 5.856.050.25 4.415.66 7. as well as use a part of it for other Hotels planned in the vicinity.Profit & Loss Account (Rs.81 13.50 7.265.720.995.655.616.71 3.66 7.37 814.545.48 235.49 6.980.224.64 6.722.35 10.48 17.17 INCOME Sales 5.991.10 1.674. which has resulted into a better debt equity ratio.874.46 99.27 18.18 6.14 2014 .40 1.434.592.74 6.89 131.62 7.23 372.005.39 10.469.58 5.09 3.911.08 3.65 3.549.15 2015 .585.13 2013 .309.146.913.12 2012 .45 453.31 2.183.282.70 22.454.005.72 5.48 17.82 1.58 5.43 3.18 Interest on term loan Interest Subsidy rebate Profit Before Tax 1.13 7.08 827.52 4.73 1.10 2010 .59 11.32 962.116.50 966.77 5.684.70 16.52 9.89 40.74 5.66 6.043.391. 81 in 2009).656.610.37 151.01 18.785.65 827.258.480.23 614.726.286. making use of the attractive cash accruals over the next 3-5 years.79 Tax Profit After Tax 96.340. . the promoters have planned to increase the total rooms to 350.912.82 7.483.45 38.56 2.609.62 5.973.10 6.882. Overheads Selling & Dist Overheads 1.77 6.93 3.34 6.44 533.74 114.11 2011 .986.05 292.81 825.73 918.432.70 6.201.69 1.48 694.00 7.641.48 2.99 3.203. Although the present planning of total rooms is at 245 (existing 164 + addl.669.432.13 3.22 4.217.13 15.697.333.762.66 10.972.38 167.002.94 872.55 1.307.947.932.485.040.043.00 774.135.73 4.268.14 12.02 34.58 Depreciation PBIT 526.30 210.48 3.

433.48 14.859.362.14 2.00 25.55 933.98 24.45 66.11 2011 .011.90 36.27 362.234.00 2.48 35.00 29.000.296.00 10.011.452.04 14.00 9.60 746.88 1.40 850.067.433.000.52 25.433.417.452.000.433.00 3.000.00 2.00 2008 .000.47 36.763.35 228.76 3.00 7.82 850.04 14.89 18.433.00 4.280.24 10.009.95 715.60 28.00 1.48 35.702.00 9.433.550.85 639.43 17.04 28.898.795.849.28 2009 .500.233.17 2.726.27 15.04 715.000.400.433.00 746.04 5.448.46 12.73 29.259.44 28.47 17.75 1.401.870.383.194.433.44 19.54 12.00 9.95 38.500.163.647.417.369.246.616.88 21.00 4.587.350.882.285.95 18.46 31.411.259.95 36.222.00 744.68 17.15 25.00 7.00 21.261.799.00 18.02 .52 932.09 2.05 2.000.04 25.156.083.574.00 1.45 715.00 9.898.56 10.827.693.70 20.58 582.000.03 29.24 152.69 985.333.00 7.050.181.000.436.15 127.72 32.20 1.09 14.45 1.870.081.60 28.00 3.369.31 19.83 31.795.62 17.45 13.53 21.10 2.00 751.041.947.675.000.614.000.87 24.510.95 21.51 5.48 7.937.00 2.892.00 21.00 526.616.90 811.00 333.47 28.354.35 1.860.015.00 751.423.420.52 25.827.360.00 21.129.800.00 2.00 21.04 2015 .011.73 19.95 33.25 14.91 3.31 1.97 720.081.13 2013 .16 2.20 717.194.43 CURRENT LIABILITIES Sundry Creditors Loan Installments TOTAL (B) CURRENT RATIO (A / B) #DIV/0! 13.68 28.000.41 42.45 36.05 40.157.00 9.39 25.31 36.04 7.80 38.95 715.01 25.79 25.24 29.28 20.95 36.13 672.37 36.41 42.00 1.029.95 24.82 7.812.00 833.057.61 403.246.333.280.04 2016 .72 32.283.00 2.133.00 753.35 18.000.78 12.13 17.00 7.129.00 583.15 4.441.295.09 17.37 13.000.00 7.184.770.11 20.04 - - - CURRENT RATIO TOTAL CURRENT ASSETS(A) 403.524.24 14.581.675.000.083.08 30.000.768.24 715.39 17.524.04 10.03 24.44 6.90 18.906.27 31.82 14.382.000.95 28.27 1.71 38.04 5.0 Balance Sheet (Rs.083.00 9.76 32.42 38.000.00 751.46 715.00 9.38 950.97 7.00 6.078.27 4.95 24.552.58 23.10 23.892.947.81 15.313. in Lakhs) Particulars Share Capital Share Premium Quasi Capital Reserves & Surplus Networth (x) Secured Loan from banks CAPITAL EMPLOYED (x) Fixed Assets Gross Block Depreciation Net Block (a) Current Assets (b) Inventory Debtors Advance for Capital Goods Cash & Bank Balance Less: Current Liabilities(c) Sundry Creditors Net Current Assets d (b-c) Preliminary Expenses not w/off CAPITAL DEPLOYED(a+d) 2007-08 1.12 2012 .25 20.48 10.45 15.82 7.80 38.78 1.27 522.45 20.09 - - - - - - - 2014 .17 19.27 36.251.95 715.029.424.39 31.00 3.08 30.20 36.77 36.411.52 10.866.04 4.93 21.98 1.00 15.00 5.00 12.00 743.82 4.000.91 22.48 16.849.151.00 2.72 80.669.00 9.46 17.10 23.37 2.56 22.43 1.75 403.919.04 FINANCIAL YEAR ENDED 31ST MARCH 2010 .00 9.15 2.81 774.75 1.75 403.574.

00 - 3.919. in Lakhs) Particulars 2007 .00 7.39 245.81 4.041.889.37 3.00 715.71 985.21 2.00 - 1.382.00 715.58 4.529.00 7.544.309.75 529.98 333.044.37 3.16 2016 .382.00 271.87 3.590.545.62 - 3.49 - 4.99 4.20 2.350.00 Excess/Deficit 403.061.874.122.14 2014 .75 933.44 7.029.00 1.00 111.80 827.392.94 Closing Cash Balance 403.45 11.083.09 367.500.08 5.00 181.11 2011 .00 2.71 .416.148.89 1.937.13 2013 .029.461.005.00 5.00 143.500.28 1.116.09 2009 .24 652.732.73 10.12 2012 .70 - 4.42 2.0 Cash Flow Statement (Rs.34 - 4.07 2.00 715.29 950.52 1.500.51 5.00 77.98 7.25 - 6.000.08 2008 .00 715.51 367.041.64 2.99 0.73 500.00 3.552.37 715.295.58 - 3.043.83 12.87 4. DDT) Decrease in Quasi Capital TOTAL OUTFLOWS: Opening Cash Balance - 14.937.00 2.72 590.66 827.44 367.286.58 - 3.10 FINANCIAL YEAR ENDED 31ST MARCH 2010 .43 14.295.79 5.208.040.415.184.82 526.00 81.94 4.42 850.799.919.202.384.90 18.433.75 66.610.619.00 138.00 2.25 - - - 2.74 918.15 2015 .32 250.253.44 7.23 4.90 245.75 933.58 - 3.31 962.363.00 715.17 1.77 21.98 750.47 15.403.66 1.90 127.798.73 10.010.184. (Share Premium) Increase in Capital Quazi Increase in Loans Increase in Working Capital Increase in Current Liabilities TOTAL INFLOWS: Outflows: Increase in Fixed Assets Capital Work In Progress Advance for capital goods Preliminary expenses Decrease in Loans Increase in Current Assets Dividend Payment (incl.982.62 2.003.114.47 15.30 2.015.32 250.98 850.70 2.77 - 13.43 3.77 Inflows: Net Profit After Tax Depreciation Decrease in CWIP Increase in Capital Increase in res.83 12.40 827.197.050.552.79 5.22 2.485.90 18.65 1.50 14.23 367.97 245.374.00 715.06 5.96 872.00 1.59 1.00 2.32 500.10 2.49 403.

Hotel opeartional with 164 + 81 = 245 2010-11 onwards.98 1069.79 2014 .34 2010 .51 14.73 1577.55 410.88 910.55 2009 .96 938.a.40% on Rs.34 4793.74 1007.35% For Rs.20 31.17 4415.a.14 3874.15 4040.13 3610.05 2012 .74 2011 .40 827.68 17.58 1165.07 28. PAT/cash accruals to Equity Investment (Rs.74 1007.12 3545.11 3286.48 17.91 23.14 2013 .91 15.47 2013 .78 32.47 1221.66 Avg for a period of 9 Yrs 3481.66 827.38 1137.58 4137.08 28.32 2016 .82 526.62 4483.30.57 2016 .96 938. 7% pa.16 10.45 23.20 20.73 1577.07 1246.12 3545.43 1419.48 26. 60 Crores.14 3874.70 5003.78 21.89 2010 .19 2014 .63 26.70 Avg for a period of 9 Yrs 3481. 40 will be 24.08 1354.45 35.61% AND On Cash Accruals the numbers will be for Rs.71 4696.65 2013 .80 921.08 1354.09 1050.e.34 4793.83 2011 .16 4202. the average for 8 years On Rs.12 3545.58 4137.80 827.77 2014 .46 14.Hotel operational only for eight months with 164 rooms 2009.15 4040.15 4040.76 910.10 3309.49 Avg for a period of 9 Yrs 3785.58 4113.29 15. effective 2009 onwards.88 905.36 2011 . 60 Crores for 26% stake.63 2009 .82 273.26% 6000 4000 0 #VALUE! Calculation of return on investment by a VC at different valuation for 26% stake in equity of the company Direct Income Appropriations i.14 3874.74 918.onwards .08 20. 1) PAT Basis PAT 26% of PAT % of Return 2008 .01 1300.68 2015 .53% .31 962.17 4415.96 872.43 25.16 6.85 23.66 1148.14 3874.66 1043.52 2015 .35 2) Cash Accural Basis PAT Depreciation Cash Accurals 26% of PAT % of Return 2008 .59 1005.80 827. if calcuated from the Hotel's full operations.74 918.85 15. 60 Crores will be 16.repayment of TL & provision made for repairs & maintenance.83 2009 .82 273. thereafter.59 1092.24 2011 .82 526.68 26.21 2016 .08 30.47 1221.29 22.59 1092.67 27.10 22.84 (B) Equity Investment of Rs.40 827.46 21.66 860.11 3286.66 860. 40 Crores for 26% stake.24 1075.66 1148.88 905.16 4202.07 19.15 2014 .55 410.62 4483.58 4373.17 4415.43 2013 . 40 Crores.(2nd year) & 10% p.31 1050.77 5459.09 1050.58 4113.73 19.24 1075.93 2010 .21 4.09 2009 .17 4415. in Lakhs) (A) Equity Investment of Rs.70 5003.15 4040.13 3610.95 2012 .11 3286.12 3545.16 4202.11 3286.77 5459.16 4202.07 1246. in progression of 5% p.98 1069.40 854.58 1165.10 3309.10 33.31 1050.80 921. 1) PAT Basis PAT 26% of PAT % of Return 2008 .26 2015 .37 2012 .85 2016 .09 1050.20.10 3309.43 16.51 21.49 5208.71 4696.96 872.49 5208.59 1005.21 6.66 827.67 18.10 3309.63 17.73 29.66 1043.43 1419.25 2008-2009.13 Avg for a period of 9 Yrs 3481.40 854.51 2015 .58 4373.43 2012 .09 1050. (1st year).08 18.13 3610.13 3610.38 1137.51 2010 .01 1300. PAT returns.31 962.53 2) Cash Accural Basis PAT Depreciation Cash Accurals 26% of PAT % of Return 2008 .

74 202.96 3874.00 200.11 2011 .10 2010 .40 193.78 174.13 3481.14 8216.00 200.00 8864.14 2014 .00 5.40 3545.09 10506.02 9686.16 2016 .48 164.00 200.70 .82 3309.43 17.80 3610.13 2013 .01 22.09 2009 .37 20.66 200.20 21.00 200.12 2012 .73 18.77 210.32 177.17 Avg for a period of 9 Yrs 1050.25 16.66 3286.88 17.00 200.29 180.00 200.05 19.0 0 Valuation on earning basis as Company is going to get listed PAT No of Shares EPS (Rs in lacs) (in lacs) (in Rs) based on Pe of 10 valuation is (in Rs) Value of VC's Share (Rs in lacs) 2008 .74 4040.55 16.41 220.54 165.00 200.08 52.05 8274.55 2627.47 11039.50 9027.84 10100.59 4415.15 8704.00 200.15 2015 .31 4202.

09 715.040.12 2012 .73 1.04 22.79 1.66 4.00 17.156.48 7.499.69 426.28 16.785.71 3.246.58 1.116.693.581.40 245.669.81 273.147.98 4.697.00 7.005.58 11.81 6.65 734.48 9.04 22:78% 3.00 15.82 7.44 4.129.23 2.60 19:81% 3.868.23 1.415.400.52 827.840.874.10 5.913.887.10 526.319.390.31 367.77 6.05 6.234.73 579.24 13.151.10 350.46 6.90 6.08 7.45 715.684.483.454.307.04 19.14 2014 .040.e.74 367.04 5.00 18.434.585.88 5.432.911. DSCR Net Margins (NP/Gross Revenue) 34:66% - 30:70% - 19% 26% 26:74% 3.03 715.258.081.62 7.00 19.18 2. Interest Subsidy .58 5.16 (Rs.46 4.441.986.67 10.08 773.04 Debt equity Ratio (%) DSCR Avg.13 6.01 10.0 SNAPSHOT Particulars FINANCIAL YEAR ENDED 31ST MARCH 2010 .98 4.00 1.265.545.68 5.09 2009 .13 7:93% 5.309.947.94 655.49 6.66 715.82 7.58 5.856.485.32 502.425.52 4.11 2011 .70 6.55 1.286.480.13 2013 .333.674.72 12.762.92 4.224.217.66 827.29 5.574.70 8.48 3.202.15 6.133.04 40.16 4.332.71 5.10 715.201.34 6.726.80 245. rebate i.043.76 3.340.71 23% 22% 22% 23% 23% 23% 2008 .282.05 2.04 2.04 28.050.492.091.13 7.06 715.09 3.912.59 367.13 3.27 12:88% 4.37 96.135.972.24 127.283.00 16.59 1.62 5.32 4.18 6.58 5.183.37 2.128.00 Networth Secured Loans 14.98 4.82 1.23 827.14 2.44 1.66 918.96 245.04 32.656.98 5.32 3.04 36.35 872.26 715.866.674.56 6. in Lakhs) 2016 .011.45 1.28 4.84 15:85% 4.980.00 25.39 962.17 17.66 367.991.67 9:91% 5.549.15 2015 .043.722.63 6.55 66.137.05 2.296.37 825.610.635.36 24% Revenue Expenditure PBDIT Depreciation Interest on Term Loan # Taxes NPAT Dividend Payments Cash Accurals Repayment of Term Loan #Interest on Term Loan is taken after incl.29 4.350.469.48 10.616.002.285.238.720.32 4.655.48 1.577.43 3.

550.840 189.483.653 1.875 269.037.000 40.234.637.140.514.028 1.000 6.000 18.582.500 55.439 219.930.500 4.13 2008 .132.561 1.000 24.012.930.995.381 198.512.375 55.000 7.307.000 268.750 13.015.000 174.547.132.512.11% 25.000 22.040.205.000 12.253.000 87.000 25.241.000 19.110.089.582.685.825.37% 25.593.534.000 268.92% 26.000 51.169.94% 24.75% 27.950.750 6.424.000 91.000 5.000 2.425.765.000 204.107 1.15% 24.500 13.637.613.045.090.159.000 4.000 44.000 268.861 1.250 1.514 241.955 1.000 91.434.000 4.013.013.710.135.425.948.500 11.000 287.330.653 882.000 29.375 16.471 26.281.840 1.070.500 15.620.691.000 18.566.750 7.000 922.000 5.705 1.220.986.347.610 972.893 230.620.375 354.316.281.398.000 5.500 6.000 26.434.329.000 9.000 13.884.220.000 31.200.000 9.000 26.520.680.637.981.000 91.375 8.000 1.500 23.000.21% 2013 .561 208.500 15.162.434.280.275.400.875 Restaurant Lunch Dinner Snacks Breakfast Restaurant Revenue 17.211.570.862 800.759.000 6.10 2010 .500 31.375 Bar Lunch Dinner Service/Other income Bar Revenue 8.089.367.578.000 24.000 2.000 9.434.250.000 241.000 103.000 91.500 55.500 31.000 31.875 44.061 230.025.600 150.631 1.000 4.707 219.759.025.075.000 6.722.107 761.375 8.550.734.212.734.500 55.485 Room Rent Standard Rooms Suits Club rooms Super Deluxe rooms 359.500 Party Hall .000 180.560.000 9.911.16 2016 .683 23.275.241.483.010.055.725.295.31% 26.025.000 5.075.697.434.800 169.318 22.413.000 F&B Revenue 129.875 12.500 40.651.890.294.965.450 604.439 1.875 6.107 1.486 1.610.500 6.205.329.294.010.851.000 31.09 2009 .787.680.250.486 926.15 2015 .775.091.307.022.000 20.061 1.500 229.000 5.750 15.045.000 5.022.000 1.000 25.675.316.022.500 45.025.000 7.345.500 31.750 55.725.000 302.512.375 55.500 6.345.068 25.250.278.745.360.211.896.943.000 91.424.008.025.162.000 45.748.250.007.025.000 6.731 21.253.140.520.254.280.117.875 280.212.375 16.14 2014 .862 1.000 29.651.631 680.610 SPA Spa Revenue 60.825.000 1.000 7.135.17 ROCKWOOD HOTELS & RESORTS LIMITED REVENUE ESTIMATE Details FINANCIAL YEAR ENDED 31ST MARCH 2011 .651.400.500 6.007.000 150.000 1.750 51.500 40.375 16.425.665.506 1.612 1.000 8.715.789.979.037.000 210.516.738.150 208.141.360.301.687 241.412.593.750 349.875 12.000 91.000 4.000 8.516.720.043.000 24.000 14.159.067.000 17.875 6.067.500 4.307.331 19.791.358.858.000 87.955 840.250.401.000 922.325 1.17% 25.862.697.665.000 91.696 189.651.375 8.f&b to room revenue 35.12 2012 .347.850 17.437.000 7.750 354.250.633.108.500 15.514 Total Room Revenue 359.212.315.234.582 198.375 373.250 169.205.275.984.875 40.582 1.500 20.256.447.000 23.412.450 1.11 TOTAL REVENUE 548.434.250.738.500 10.000 91.895 27.000 20.927.250.159.037.

) 50 12000 5000 50 18250 5000 50 18250 5000 50 18250 5000 50 18250 5000 50 18250 5000 50 18250 5000 50 18250 5000 50 18250 5000 No. of Rooms - Installed Occupancy for Standard Rooms Installed Occupancy for Suites Installed Occupancy for Club Rooms Installed Occupancy for Super Deluxe Rooms Total Occupancy - Assumed Capacity Utilisation - - .16 2016 .) For Suite /(AppartmentsRs.12 2012 .10 2010 .15 2015 .ASSUMPTION SHEET Details Operational Period 2007-08 2008 .13 2013 . of working Days Standard rooms Suites Club Rooms Super Deluxe Rooms Total No.) For Club Rooms For Super Deluxe Rooms 14000 16000 14000 14000 14700 16800 14700 14700 15435 17640 15435 15435 16207 18522 16207 16207 17017 19448 17017 17017 17868 20421 17868 17868 18761 21442 18761 18761 19699 22514 19699 19699 20684 23639 20684 20684 SPA No of persons Occupancy of the SPA (no of persons) Spa revenue per head (rs.11 2011 . rooms Rooms(Rs.17 240 80 4 40 40 164 365 161 4 40 40 245 365 161 4 40 40 245 365 161 4 40 40 245 365 161 4 40 40 245 365 161 4 40 40 245 365 161 4 40 40 245 365 161 4 40 40 245 365 161 4 40 40 245 19200 960 9600 9600 39360 58765 1460 14600 14600 89425 58765 1460 14600 14600 89425 58765 1460 14600 14600 89425 58765 1460 14600 14600 89425 58765 1460 14600 14600 89425 58765 1460 14600 14600 89425 58765 1460 14600 14600 89425 58765 1460 14600 14600 89425 65% 70% 75% 80% 80% 80% 80% 80% 80% Occupancy for Standard Rooms Occupancy for Suites Occupancy for Club Rooms Occupancy for Super Deluxe Rooms Total Occupancy of all the rooms 12480 624 6240 6240 25584 41136 1022 10220 10220 62598 44074 1095 10950 10950 67069 47012 1168 11680 11680 71540 47012 1168 11680 11680 71540 47012 1168 11680 11680 71540 47012 1168 11680 11680 71540 47012 1168 11680 11680 71540 47012 1168 11680 11680 71540 Tariff Structure For Std.14 2014 .09 2009 .

10 2010 .) Dinner per head ( Rs.13 2013 .) Breakfast per head (Rs.16 2016 .12 2012 .) - 150 35% 400 600 150 200 150 55% 400 600 150 200 150 55% 400 600 150 200 150 60% 400 600 150 200 150 62% 400 600 150 200 150 70% 400 600 150 200 150 75% 400 600 150 200 150 75% 400 600 150 200 150 75% 400 600 150 200 Bar Capacity. of persons Capacity Utilisation in % Lunch per head (Rs.) - 50 35% 400 600 1000 50 55% 400 600 1000 50 65% 400 600 1000 50 70% 400 600 1000 50 72% 400 600 1000 50 82% 400 600 1000 50 85% 400 600 1000 50 85% 400 600 1000 50 85% 400 600 1000 - 600 600 600 600 600 600 600 600 600 - 960 45% 1000 990 50% 1000 1020 55% 1000 1050 55% 1000 1050 60% 1000 1050 70% 1000 1050 70% 1000 1050 70% 1000 1050 75% 1000 Party Hall Capacity.09 2009 .) Dinner per head ( Rs.11 2011 .ASSUMPTION SHEET Details Operational Period 2007-08 2008 .17 Restaurant Capacity( seats) Capacity Utilisation in % Lunch per head (Rs.) Bar/Drinks income per head ( Rs.no.14 2014 .) Snacks per head (Rs.) .15 2015 .no of persons that can be accomodated at any one time Actual Capacity of the Hall Capacity Utilisation days in % Rate per head (Rs.

pest control etc.000 41.895.145.543.13 2013 .130.575 5. .188.438 5.563.769.809 96.563 564.080.12 2012 .010 72.000 120.942.913.396 134. crockery uniformly beginning the second year.125.875 174.308 119.255.603 497.761 172.321.559 766.500 151.216.188 4.648. dry cleaning.027. Furniture.849 67.367.342.716 672.000 4.400 129.730 120.785.875 177.16 2016 . ironing.801.434.097 120.400.312 83.103 185.161 Includes linen washing.761 165.945 103.570.948. Room Maintenance Costs 35.342.971.213. Food & Beverages consumed at Banquet Hall & Board room Utilities Fuel .278.336 177.841.Estimated @10% of the Total Revenue Repair & Maintenance - Estimated @ 15% of the cost of the Building.438 157.186 128.619 620. estimated @ 10% of the Room rent receipts.133 139.710.245.400 47.771 179.700.LPG & HSD estimated @10% of restaurant sales Power.354.543.335.15 2015 .400 92.09 TOTAL COST OF SERVICE Cost of Consumables FINANCIAL YEAR ENDED 31ST MARCH 2009 .701.024.11 2011 .188 4.587.286 - 1.367.552.280 110.005.750 4. Machinery.468.851.258.582.843.063 116.762.249 148.686 194.720 119.336.418.932 726.866.800 384.17 64.COST OF SERVICES Details 2007-08 2008 .531.348.511 122.251 153.188 186.009 63.856.543.285 .438 5.011 161.379. change of cosmetics and toileteries. Salaries & Wages Direct and indirect salaries payable to the staff - 36.400 125.325 700.407.660 55.065.835.829.438 - 56.373.545.438 - 54.572 Total Cost of Service - 193.938 134. Bar.673.10 2010 .938 140.188 177.124 200.465 94.173.646 184.540 191.232.665 141.829 Estimated at 50% of the earnings from Restaurant.875 5.320 143.279.244.14 2014 .498. sanitary fittings.065.937.839 118.638.

254 21.058.000 9.162.244 23.521.321.737.500 2.610 44.000 10.000. Travel Agent etc.500 6.445.769.419 12.500 2.540 13.393.081.473 51.971.000 2.073 Total Administrative Exp.254 21.315 105.125.314.012 80.982 1.250.316. Contb.862 96.403.295 10.737.000 91.825 14.116 0 0 0 0 0 0 0 0 0 23.200.500 6.124 74.644.884 1.281.500 6.387.396 134.250.621.516 29.581 Total Selling & Dist.947.483.12 2012 .387.500 2.737.250.128.258.971.832.582 91.940.5 % 8.128.053.11 2011 .223.500 6.737.053 1.500 2.000 91.945 103.528.232. Fittings & equip.496.155.236 25.031. US$ 50000 (US$1= Rs 40) Payment to Banyan Tree Spa : 2.093 64.581 - 17.250.669.202. conferences.755 61.065.560 .916 35.473 51.315.500 2.073 359.349 33.755 61.012 89.800.000 6.263 106.351 12.632.881.393.14 2014 .721 83.862 36.942.593.263 97.500 29.250.782.250.206.253.781 98.250.16 2016 .012.106.359.864.396.10 2010 .161 Administrative Expenses - 8.414 67.15 2015 .653 40. Media.378 30.737.500 6.220.265.593.080.762.281.121 87.698 67.665 141.650.625 13.793.377.160.955 38.116.688. Exp.329.437.211.560 77.781 89.474 101.625 13. - 35.213.000 4.118.782 79.500 86.904 16.607.200 46.569 15.167 14.032 58.445.249 148.000 37.376.569 15.631 31.290 3) Reservation fee of @ 1% 3.256 1.160.000 91.012.17 - 17.600 23.244 23.620.507 87.000 91.500 11.047 32.241.387.982 Payable to travel agents and other booking agents and payable to Raddisons estimated @ 5% of the Room Rent.904 16.000 91.538.951.387.000.793.500 2.121 96.13 2013 .486 42.562 37.881.206 11.062.453.037.345.093 64.582.387.560 59.989 94.989 103.116.500 11.315 114.186 128.137.09 FINANCIAL YEAR ENDED 31ST MARCH 2009 .506. - 8.619 1.813.012.737.817. Payment to Raddissons: Gross Room Rent 1) Royalty @ 3 % 4) Third Party Reservation @ $4.737.938.629.450 27.135.439.000 9.084 18.500 6.475 1.408.155.439.065.531.024.650.985.387.594.063 116.563.387.348 2) Marketing Fees @ 2.240 9.412.808.128.698 67. 3% of Spa Revenue 4) Technical asst.243. Advertisement Estimated @5% of the room rent to cover Brochures.250.755 60.106.10 per reservation Payment to Raddissons Payment to Banyan Tree Spa : Spa Revenue 1) Basic Mgt Fee 7% of spa revenue 2) Incentive Fee 10% of Gross Operating Profit 3) Furn.833 70.362.511 122.812.500 6.424.500 2.124 74. meetings.COST OF SERVICES Details 2007-08 Commissions & Discounts 2008 .125.000 91.084 18.341 75.619 1.808.200 46.629.062.032 58.833 70.387.000 91.000 91.474 110.107 34.947.500 1.400 92.720 922.265.737.

00 1.23 202.25 1.00 35.91 130.89 16.26 196.750.25 3.22 203.04 111.75 143.04 7.55 65.75 4.04 706.75 178.231.261.42 40.00 372.76 24.25 5.750.75 178.731.161.00 35.614.29 6.44 45.55 141.75 178.75 4.50 4.875.00 5.726.75 178.50 3.75 178.50 41.00 35.75 178.00 453.25% Rs.750.72 157.226.018.175.81 21.21 16.00 I 127.24 22.04 741.75 184.75 143.00 35.69 29.72 161.54 5.00 35.75 143.89 III 715.00 35.84 204.04 76.474.600.00 211.011.75 143.00 45.74 100.00 131.150.17 12.25 862.00 35.04 1.75 178.54 2.78 23.75 143.75 143.04 426.318.24 35.50 3.75 178.96 140.191.72 161.436.75 3.29 6.75 178.75 143.47 204.25% Rs.54 5.04 356.75 178.00 35.22 5.54 184.83 115.25 10.725.18 181.Term Loan Repayment Schedule (Rs.04 881.04 146.00 10.00 41.866.12 2.687.01 9.223.72 825.31 20.312.75 143.283.00 35.04 1.189. 5750 Lakhs Loan 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th 19th 20th 21st 22nd 23rd 24th 25th 26th 27th 28th 29th 30th 31st 32nd 33rd 34th 35th 36th 37rd 38th 39th 40th 41st 42th 43rd 44th 45th 46th 47th 48th 5.00 35.52 7.04 1.75 178.29 2.75 143.75 143.75 2.42 129.12 101.75 143.61 75.508.29 117.75 143.72 206.00 2.14 1.04 1.58 VI 715.04 22.04 286.72 161.306.92 14.29 5.50 137.00 35.06 6.24 22.20 109.750.75 178.168.75 178.126.04 1.75 5.04 50.86 18.28 7.79 2.04 566.00 35.69 60.04 216.75 143.450.04 7.600.04 951.20 .75 178.58 70.76 7.25 2.70 28.14 VII 715.21 186.03 92.02 V 715.75 178.305.16 105.00 178.29 4.04 3.43 36.54 3.61 34.79 2.24 35.38 125.33 121.51 40.33 25.04 671.04 251.75 178. payment Year 66.456.47 40.28 1.350.77 105.00 2.75 178.04 601.031.044.04 4. in Lakhs) Quarter Balance Outstanding Principal Repayment Interest @ 11.832.00 1.00 35.156.547.75 178.15 176.75 1. Repayment Total Interest Yearly prin.29 363.75 178.56 37.75 143.79 5.94 135.53 60.90 15.64 56.75 143.75 143.021. 1600 Lakhs Loan 161.04 1.90 80.04 6.25 2.52 44.04 986.75 178.75 178.904.73 26. 7350 Lakhs Loan 45.87 17.00 35.75 2.00 35.75 143.117.79 721.75 143.00 35.50 1.24 22.54 38.75 143.60 52.102.75 178.75 178.24 22.65 31.95 12.58 36.02 150.72 27.151.868.04 1.00 35.301.29 1.28 15.79 22.577.04 531.04 636.52 1.00 694.75 178.27 IX 715.75 143.00 774.336.04 811.04 Total Interest payment Interest paid during construction period Interest payment charged to Profit and Loss Account 1.75 143.798.45 IV 715.262.04 496.581.75 178.75 143.75 1.24 22.50 1.056.59 35.938.581.75 143.04 1.606.03 8.09 4.75 143.09 4.79 5.00 35.04 1.85 120.25 Rs.50 55.078.83 20.587.972.63 80.83 IX 715.04 7.46 133.04 391.00 35.75 178.79 1.82 72.04 1.00 5.00 35.04 1.75 178.24 191.84 19.653.083.54 6.04 846.59 145.77 68.75 575.29 3.75 143.600.75 143.00 431.00 292.881.30 24.750.75 1.75 143.371.533.68 153.04 776.72 161.04 181.887.75 143.75 178.00 35.50 2.00 35.443.00 5.50 5.266.00 35.13 8.76 1.04 1.97 11.00 35.750.50 4.75 143.73 64.593.04 1.50 718.04 321.006.54 II 715.00 35.00 35.75 143.72 161.13 171.04 916.72 161.293.327.00 614.750.75 143.300.00 4.72 161.156.04 156.402.67 30.75 178.00 5.196.75 143.666.00 35.75 178.368.11 3.54 1.75 143.750.350.75 43.75 143.64 32.437.619.00 35.00 5.54 3.88 125.04 1.75 143.977.07 161.75 143.00 533.743.95 IX 7.99 145.04 461.462.00 35.50 4.00 7.00 35.555.75 25.00 5.29 1.62 33.75 143.79 206.00 35.00 35.091.54 4.72 206.98 11.09 205.441.86 76.75 178.04 1.36 30.00 5.00 44.257.737.04 4.94 13.72 95.80 110.75 178.75 178.25 113.350.69 90.04 5.54 899.00 35.750.025.04 1.00 5.79 4.04 6.47 50.25 3.79 6.75 178.25 4.012.00 35.39 IX 721.00 5.25 287.37 43.00 5.406.00 35.75 178.04 542.26 20.00 35.00 35.08 5.04 2.00 35.53 39.441.296.75 143.793.00 3.759.00 1.39 32.24 22.04 7.95 84.70 VIII 715.25 201.162.04 41.50 143.00 7.56 48.63 149.00 1.00 5.72 161.768.476.99 88.66 85.75 Balance Outstanding Principal Repayment Interest @ 11.511.00 35.329. repayment Yearly int.39 35.75 178.00 3.29 3.75 143.00 35.00 35.10 166.00 35.79 22.15 7.34 28.04 Total Outstanding Total Prin.07 97.25 4.75 143.79 3.24 814.75 178.12 42.75 178.00 35.

86 81.17 4.76 4.12 2012 .00 2.151.65 230.151.366.16 2016 .631.21 3.17 4.63 2.76 2.15 2015 .00 5.00 3.76 6.966.611.00 1.193.512.59 1.68 300.31 4.615.834.17 4.15 146.151.366. in Lakhs) WDV Rate 2008 .59 2.350.09 2009 .18 738.00 3.18 300.08 124.570.15 3.76 609.615.366.45 441.350.08 230.151.255.16 720.736.060.00 .17 4.17 4.68 219.00 4.36 4.736.350.17 4.57 815.00 2.540.00 3.18 1.24 322.86 3.17 4.512.32 879.34% Depreciation till date Dep for the year Total Depreciation Net Block Plant & Machinery Opening Balance Additions Total(a) Deductions GROSS BLOCK - 5.888.150.575.59 219.00 6.76 4.151.31 3.890.76 6.28% Depreciation till date Dep for the year Total Depreciation Net Block Other Misc Asets Opening Balance Additions Total(a) Deductions GROSS BLOCK Depreciation till date Dep for the year Total Depreciation Net Block - 5.736.512.62 3.00 2.770.575.00 2.17 4.575.00 2.151.366.00 2.570.781.00 400.00 2.00 406.570.83 119.00 3.151.512.00 7.490.76 7.00 1.177.17 4.00 124.395.76 4.512.366.00 1.412.17 83.051.570.03 355.376.151.970.22 219.242.83 83.966.078.850.02 3.00 4.77 2.00 4.366.24 441.166.151.22 2.76 4.166.151.42 4.78 262.17 4.68 124.78 3.76 6.Depreciation schedule (Regular) Particulars (Rs.74 1.04 3.00 340.00 1.754.00 3.00 3.078.76 5.151.570.00 3.00 3.396.00 5.00 4.76 6.00 3.151.41 1.00 3.17 4.31 81.655.28% 1.151.00 6.41 2007-08 Land Building Opening Balance Additions Total(a) Deductions GROSS BLOCK 3.70 2.151.00 3.18 1.63 183.93 203.21 230.00 3.00 4.510.57 585.098.38 879.17 4.76 4.00 394.83 3.151.810.17 4.32 738.62 172.00 4.203.512.570.166.76 4.76 4.00 5.00 3.69 322.570.012.76 4.50 519.37 1.17 3.151.540.970.698.510.151.03 4.366.051.436.151.016.76 570.11 2011 .151.24 203.350.55 585.73 382.18 1.151.770.00 3.00 3.76 591.17 4.00 380.683.151.00 2.02 294.246.150.00 3.76 4.70 720.177.570.698.76 510.07 3.316.99 815.00 3.00 5.40 2.18 519.00 3.17 4.77 1.00 3.85 574.540.13 958.128.512.973.55 132.65 4.17 4.31 219.770.18 958.366.17 4.970.68 3.366.40 219.17 4.17 4.30 159.18 1.151.570.76 4.512.366.60 574.86 219.08 4.366.151.535.25 1.00 3.76 4.49 219.04 2.372.04 219.17 4.540.00 2.396.76 4.40 1.76 5.63 4.17 4.540.570.14 2014 .053.76 4.10 FINANCIAL YEAR ENDED 31ST MARCH 2010 .00 3.49 3.12 354.246.069.07 119.510.00 2.17 4.550.512.490.150.00 4.151.510.01 1.17 4.570.42 325.61 1.366.31 119.00 2.57 354.00 3.376.37 1.00 5.235.372.00 3.17 81.13 2013 .966.570.350.510.55 3.00 3.76 4.73 4.366.376.053.151.74 1.95 1.00 83.17 4.17 4.468.00 4.00 5.34 1.512.76 600.17 4.151.486.30 3.247.

16 1.13 6.24 1.558.83 95.27 16.83 1.439.088.19 715.83 1.00 18.633.83 1.180.24 1.412.088.00 526.16 918.38 15.088.16 763.51 166.51 405.83 1.088.503.83 1.83 1.69 16.500.19 103.00 88.82 1.14 2014 .83 1.633.00 12.19 476.005.57 15.39 198.83 1.24 1.272.24 1.088.500.66 1.633.633.00 95.00 18.24 1.66 155.24 1.49 1.00 1.12 2012 .633.60 155.633.87 15.58 827.633.633.088.24 1.00 1.00 103.24 1.00 19.43 5.24 1.00 23.16 452.29 155.16 297.09 4.89 3.312.088.73 827.32 103.32 2007-08 Furniture Fixture 1.42 452.27 17.95 301.795.633.536.29 714.633.88 103.83 1.16 1.500.44 612.00 95.79 1.322.088.00 993.44 508.633.309.00 Depreciation till date Dep for the year Total Depreciation Net Block Opening Balance Additions Total(a) Deductions GROSS BLOCK 2009 .633.122.439.490.10 1.11 16.088.00 20.088.000.83 1.83 1.633.088.00 1.63 1.24 1.62 7.503.83 1.83 1.91 15.38 15.77 Total Depreciation Net Block Depreciation for the year - 12.24 1.309.633.025.50% Depreciation till date Dep for the year Total Depreciation Net Block 1.633.73 1.763.181.633.000.088.00 18.83 1.536.633.24 1.500.70 1.088.967.44 819.00 21.088.967.088.088.87 15.00 22.69 16.16 607.75 580.000.24 1.633.24 1.000.24 1.53 15.24 1.312.322.60 404.83 1.50 155.13 870.76 819.088.50 142.83 1.07 269.44 405.812.073.633.24 1.57 15.88 786.45 155.00 142.83 1.58 297.140.16 2016 .335.63 612.800.24 1.50 1.11 2011 .00 - .82 155.58 827.633.83 1.83 1.088.83 1.44 890.633.15 2015 .44 103.16 1.83 1.44 715.76 249.83 Total Gross Block 12.11 15.83 1.44 198.088.75 103.633.63 103.24 1.882.48 1.Depreciation schedule (Regular) Particulars (Rs.83 1.000.13 2013 .228.44 301.088.088.088.07 103.073.58 872.32 683.383.24 1.11 763.088.24 1.17 1.795.24 1.633.83 1.633.97 1.45 559.97 155.228.088.74 142.00 18.00 133.07 508.34 962.088.83 1.337.412.633.322.31 2.13 155.95 918.62 918.322.633.00 1.558.354.24 1.043.61 15.44 922.00 1.500.27 607.63 373.24 1.24 1.53 15.09 - 9.322.768.24 9.61 526.140. in Lakhs) WDV Rate FINANCIAL YEAR ENDED 31ST MARCH 2010 .91 15.50% Opening Balance Additions Total(a) Deductions GROSS BLOCK Vehicles 2008 .412.47 3.009.39 17.322.83 1.088.24 1.

in Lakhs) 15% 15% .313.00 1.014.739.48 2.50 2.860.00 608.80 1.860.202.91 221.72 1.26 2.266.540.291.512.02 1.33 2.33 2.433.47 600.40 1.056.85 361.95 260.00 588.611.900.15 340.256.51 160.512.653.00 3.350.17 3.256.465.407.046.00 2.80 205.00 1.26 2.15 2.15 251.832.512.52 2.17 3.962.00 1.00 3.13 2013 .00 2.49 1.23 1.00 2.722.55 352.057.412.412.309.00 2.32 1.00 608.332.26 4.350.057.71 2.832.695.10 FINANCIAL YEAR ENDED 31ST MARCH 2010 .38 1.407.465.36 1.057.49 1.00 2.068.50 602.510.36 2.00 2.98 15% 15% 2150 Depreciation till date Dep for the year Total Depreciation Net Block Misc.465.32 435.80 2.852.14 406.332.510.20 904.55 510.Depreciation schedule (Income Tax) Particulars WDV Rate Land Building Opening Balance Additions Total(a) Deductions GROSS BLOCK Opening Balance Additions Total(a) Deductions GROSS BLOCK Opening Balance Additions Total(a) Deductions GROSS BLOCK Depreciation till date Dep for the year Total Depreciation Net Block 2008 .52 2.695.61 243.82 1.00 2.478.832.02 265.12 2.00 2.00 3.00 3.900.48 2.14 2.15 2.997.900.597.00 3.066.20 2.095.11 2011 .478.900.15 609.00 2.512.12 3.412.00 3.00 2.00 3.510.00 3.17 380.332.00 251.291.71 2.15 3.00 2.00 1.540.40 1.313.72 1.17 2.653.55 3.465.016.920.056.12 2.202.256.40 1.33 2.962.00 2.47 2.350.80 2.14 2.068.13 2.78 185.82 435.76 4.48 2.15 3.30 2.36 2.16 2016 .512.00 3.82 2.256.02 1.50 3.060.21 231.00 2.014.82 424.52 394.82 1.00 2.046.15 2.47 2.12 2012 .068.570.997.570.33 2.00 1.00 296.962.30 2.465.692.20 206.512.02 1.046.12 3.00 2.03 499.739.13 591.540.72 1.852.14 2.15 2015 .387.00 2.00 2.17 2.00 357.72 1.00 3.02 458.00 2.852.00 3.190.21 907.00 251.920.00 3.068.15 2.167.167.26 2.512.852.570.47 2.570.739.692.900.02 1.09 2009 .510.15 2.00 3.478.512.057.13 2.512.21 1. Fixed Assets 2007-08 10% Depreciation till date Dep for the year Total Depreciation Net Block Plant & Machinery (Rs.512.49 1.00 3.68 226.14 511.309.40 1.79 404.407.49 1.84 2.05 369.900.478.407.14 2014 .48 2.17 3.13 3.30 2.15 2.26 2.832.666.039.039.266.12 306.259.55 2.77 188.35 257.095.190.26 3.71 570.17 3.332.42 475.16 480.465.21 1.36 1.412.52 2.066.71 3.046.00 2.30 2.739.00 2.962.82 400.17 1.15 2.433.00 3.597.17 2.666.

334.82 119.83 938.13 97.081.00 88.48 53.50 1.03 1.088.00 798.32 133.836.00 678.07 490.00 150.00 678.43 709.00 1.081.201.000.58 78.56 490.49 574.45 1.56 576.08 300.07 416.84 875.28 150.00% Opening Balance Additions Total(a) Deductions GROSS BLOCK Vehicles (Rs.56 354.561.78 1.42 1.85 1.12 2012 .055.49 120.72 1.036.00 1.500.07 416.00 798.287.09 2009 .350.82 217.91 1.500.84 788.56 576.48 1.28 973.82 140.00 148.91 1.11 2011 .37 850.84 875.14 1.49 108.15 973.56 354.82 255.000.25 709.28 1.201.07 490.Depreciation schedule (Income Tax) Particulars WDV Rate 2008 .83 938.83 70.08 354.51 62.84 788.08 354.70 101.134.97 255.15 10.97 300.83 798.10 FINANCIAL YEAR ENDED 31ST MARCH 2010 .00 1.15 2015 .15 973.14 38.91 1.42 1.201.15 875. in Lakhs) 15.42 1.91 1.56 416.17 973.00 1.008.25 788.61 1.56 490.500.15 875.43 638.30 576.30 678.77 1.24 1.072.483.13 1.00 2007-08 Furniture Fixture Depreciation till date Dep for the year Total Depreciation Net Block Opening Balance Additions Total(a) Deductions GROSS BLOCK Depreciation till date Dep for the year Total Depreciation Net Block Depreciation for the year 2013 .30 678.43 709.94 63.56 1.201.00% .00 850.32 87.110.081.334.00 133.483.30 576.82 255.081.56 416.00 1.97 300.25 709.24 1.08 300.14 2014 .75 86.42 1.31 1.24 1.48 73.43 638.49 638.334.350.28 1.64 798.97 255.00 1.49 638.25 788.16 2016 .000.11 45.334.

00 Expansion 51 Rooms Utilities Area 35.Fitting & HT/LT sub-station.512.852 12.0175 0.00 2.26 1. Music System.060.00 175. Laundry & Other Operating Equipment.150.0 Computation of Land and Building Construction Cost: (Rs.00 70. Electrical works.50 41 Club Rooms . Constructing total 140 rooms Basement: Party Hall Health club Kitchen Shops Staff changing room Stores Admin Office 81. Lifts at Medium Speed 2/3 Nos.0200 440.00 35. 186.0175 0.00 70.26 1.00 70.915 Total Project Cost Expansion Amount 1.00 35.50 250.0175 1.00 3.50 440.00 788.512. Health Club Equipment and other Sundry Equipments. Fire protection & Fire fighting Equipment. Kitchen.000 2.0175 0. Bar Equipment. Water Treatment Plant and Pumps.00 6. Housekeeping.694 140.570.0200 0.000 2.850.00 175.00 3512.0175 0.00 35.512.0000 1.04 97.000 0.00 .850. Air Conditioning of Rooms/Suites. Beauty Parlour. Cold Storage & Ventilation.000.00 3.50 250.000 2000..0160 100000 sq ft land owned TOTAL 2 TOTAL 3 Earlier project Plants and Equipments Plumbing and Sanitary Installations.00 35. Foods.500 4.00 3.0175 0.00 17.000 10. 1 Particulars LAND COST alongwith developmental Cost Particulars 42306 square feet leasehold land Area 42.74 271. Barbar Shop.00 788.00 Expansion New Equipment for New Rooms 2150 2150 2.000 0.System. Hot water System.00 2.000 4.850.000. in Lakhs) Srl No.000 1.417. Telephones (incl of Cell Phones and pagers etc).125 KVA.02 BUILDING CONSTRUCTION COST Ground floor/ 1st floor/ 2nd floor 27000 per floor.510.417.0220 0.00 Including upgradation of spa and health club Total 3.563 0.00 3.306 Rate 0.74 271.000 12..22000 sq feet 22.00 70. Beverages Equipment.A. DG Set .0175 0. Conference & P. Electrical Dist.000 0. TV System.00 17.

in Lakhs) Srl No.240.00 Expansion Vehicles.021. Particulars 4 Miscelleneous fixed assets Earlier project 2.75 403. Architects and Hotel consultation Fees. Customery House Furnitures and Sundry Fixed Assets.00 5 Preliminary Expenses Company formation Expenses.433. Public area Furniture and Interior.540.00 12.0 Computation of Land and Building Construction Cost: (Rs.00 5. Lease Rentals. Initial Promotion Campaign.00 90. Sales Tax.00 For Expansion Total TOTAL PROJECT COST .00 8. Project Management Fees. Brokerage and Commission on Capital Issue.25 90.700.25 1. Rent.EB.00 2700 2. Insurance.75 6 Pre-Operative Expenses Deposit .540.00 20.00 90. other Capital Issue Expenses. Advertisement.700. Guest Room Furniture and Interiors. 1. Cost of Feasibility Studies.00 Total Project Cost 2. Travelling Expenses. Expansion New MFA Total 2.000. Stationery.111.540. Rates & Taxes.00 2. Interest during construction period.00 2.617. Printing.617. Telephones. Customs etc Establishment Expenses. 403. and Legal Expenses etc.00 2.433.

25% of the project cost 36.00 lakhs 73.00 - 2 Loan application processing fee @ 1% of the loan amount of Rs.00 - 100.Details of Pre-operative Expenses 1st Year (Rs.7350.00 1.00 - 90.78 5 Consultants fees 0.08 6 Lump sum Royalty to Raddisons (Pre-commissioning fees) 12.44 2021.00 2111. Printing of Memorandum and increase in Share capital 30.00 Srl No.00 73.00 7 Technical fees to Raddissons 17.50 - 17.08 15.92 309.00 11 Legal Charges & Other incedental expenses 75.50 8 Travelling Expenses 78.102.00 10 Advertisements 90.00 13 Other Misc expenses 278.00 12 Initial Promotion Expenses 100.50 3 Interest on Term Loan during construction period for a period of 16 months 4 Architect fee@ 0.00 51.50 Projection for PE 30.00 - 75.20 - 78.52 30.00 - 12.50 100.50 - 20. 1 Particulars Total 1102. in Lakhs) Amount For Expansion Expenses incured for preparation of Project Report.00 .08 71.00 90.75% of project cost 47.20 9 Insurance 80.70 24.

69 1313.45 36.97 109.27 1575.95 Net Current Assets 0.46 36.98 2137.25 0.24 31.38 1362.82 182.88 2059.00 0.00 0.44 1978.20 1163.00 0.62 133.51 1057.45 36.95 36.05 1835.00 0.00 0.00 13.26 2209.10 162.33 Int. of Months level (Rs.00 577.05 1667.98 1942.15 28.06 552.21 2248.18 1515.99 485.90 1243.44 Bank Borrowings 0.19 1657.13 672.31 1261.51 371.98 1456.00 0.08 1697.11 2015 .00 433.27 522.00 13.58 582.04 29.86 1352.35 228.76 525.95 450.76 416.28 1250.00 362.00 0.82 0.25 .09 913.00 0.45 25.14 2014 .40 1436.04 29.45 25.04 1487.81 774.15 2007-08 2008 .46 36.46 1218.60 746.88 Current Assets Raw Material Stocks Debtors 2.85 639.00 51.15 28.77 Margin@25% 0.91 932.95 38.82 1517.Calcualtion of working capital Particualrs No.83 150.16 2016 .02 198. On Bank Borrowings@12% 0.72 0.17 0.07 189. in Lakhs) FINANCIAL YEAR ENDED 31ST MARCH 2011 .24 31.95 Total Current Liabilities 0.95 38.36 174.36 304.20 717.00 0.00 0.61 505.53 1115.09 2009 .13 2013 .81 1803.55 720.5 Total Current Assets Current Liabilities Sundry Creditors 0.03 2100.00 590.12 2012 .00 144.90 811.10 2010 .43 2023.95 36.

000.000 2 Communication Cost 1.000 8 Stores. 8. Particulars Amount 1 Printing & Stationery 1.000 7 Travelling Expenses 1.000 4 Rent Rates & Taxes 600. Expenses 1.000 3 Insurance 750.000 5 Books & Periodicals 100.500.000 .200.Rockwood Hotal Resorts Ltd Administrative Expenses Srl No.000.000 6 License Fees 1.000 Total Annual Exp. Spares & upkeep 1.500.000.000 9 Misc.650.

000 5 Semi Skilled Staff 60 10.480.000 3.216.000 6.000 2 Resident Manager 6 50.000 4.600.200.200.000 6 Unskilled Staff 80 5.000 36.000 1.800.000 4 Supervisors 25 15.036. Position Nos. Salary Per month Annual Salary 1 General Manager 2 100.180.400.ROCKWOOD HOTELS & RESORTS LIMITED 0 Computation of Salaries & wages Srl No.500.000 4.000 6.000 7.000 Total Annual Wages Add: 20% Fringe Benefits Annaul Compensation Package 30.000 2.000 7 Directors Remuneration 1 100.000 .000 3 Department Head 18 30.

92 2.48 5201.48 1.15 (162.13 1.45 6.05 6.201.48 5.28 5608.71 2.616.18 IT as per MAT @ 8.48 1.319.78 1072.722.03 1287.34 962.61 1055.45 6287.Calculation of Tax (Rs.16 2016 .81 484.58 872.79 4.887.54 531.72 1088.50 397.44 5.043.18 Add: Depreciation 526.434.21) 3.70 1005.10 2014 .307.444.37 5548.54 7717.55 1.58 827.48 1036.60) 1.31 1.12 2012 .23 6.23 6319.77 Sub Total (a) 1.887.116.77 1008.43 1.50 4918.655.674.06 6680.674.762.95 Ded: IT Depreciation 1.62 918.116.43 1.73 827.23 5.46 2.91 508.77 6709.17 Profit before Tax 1.44 5762.66% Minimum Alternate Tax: Profit Before Tax .37 4.52 1.720.37 4.836.46 2.06 6028.15 2015 .68 448.23 437.722.09 5117.23 5333.93 7324.13 1.63 IT considered in P/L A/c 96.55 388.655.34 4260.45 6043.10 5.561.80 (54. in Lakhs) FINANCIAL YEAR ENDED 31ST MARCH 2010 .147.14 Particulars 2008 .09 2009 .258.17 5950.616.258.09 1.09 1.05 6674.81 6206.333.415% 96.52 Income as per IT Tax @ 33.58 827.002.49 1043.147.71 2.307.002.92 2.56 1110.75 561.11 2011 .78 7005.434.79 4720.883.13 2013 .

309.27 715.67 5.40 3.66 872.00 66.00 372.89 ### 2.14 372.82 3.28 3.00 292.402.409.78 Interest on Term Loans### Instalment of Term Loan ### 825.00 533.84 5.27 3.58 Interest on Term Loan ### 825.77 694.54 774.456.951.610.73 827.87 5.02 1.72 Profit after Tax Add: Depreciation Total Inflow (A) Annual DSCR (A/B) Average DSCR ### ### - 2014 .415.00 814.02 533.087.24 774.248.84 4.60 5.14 715.286.005.168.00 614.58 827.78 1.00 941.17 3.70 292.14 2005-06 2008 .15 2015 .097.09 2009 .040.54 127.067.545.70 715.78 5.58 1.888.70 1.55 4.59 4.050.329.00 453.45 715.580.62 918.751.043.70 814.27 4.72 Total Outflow (B) 891.36 .70 1.14 1.00 694.58 715.326.15 5.202.007.13 5.65 5.11 ### 1.66 3.12 2012 .89 1.45 614.13 2013 .27 4.80 3.74 4.96 ### 526.489.02 715.89 715.71 - 4.58 453.16 2016 .60 3.34 962. in Lakhs) Particualrs FINANCIAL YEAR ENDED 31ST MARCH 2011 .49 1.45 1.31 4.10 2010 .58 827.Debt Service Coverage Ratio (Rs.874.

77 64.09 2009 . On term loans Depreciation 80% 40% 20% 100% 25% 20% 25% 20% 60% 80% 75% 80% 75% 100% 2014 .91% 49.50 582.98 4.988.20 481.654.415.67 1.87% .11 207.73 Total Fixed& Semi variable Costs Profit Volume Ratio(Cont.49 400.224.14 962.76 719.327.73 378.485.16 55% 50% 72.68 568.12 2012 .63 1.43 1.112.00 526.64 741.193.711.98 1.79 28.549.926.67 52.16 2016 .85 4.93 333.528.299.16 115.11 5.07 145.84 715.262.25 640.869.54 47.50 472.71 44.63 4.81 4.58 315.93 21.72 1.68 37.299.23 8.60 3.345.70 16.25 538.75 125.84 4.98 269.52 518.80 722.55 10.03 62% 52% 5.10 415.005.025.45 452.66 55% 50% 72.43 581.27 110.16 145.305.61 185.67 694.47 461.913.659.59 12.70 382.14 12.186.58 287.44 52% 45% 73.93 269.069.12 152.377.14 2008 .483.04 56% 51% 71.456.58 918.477.29 176.40 221.207.62 354.29 83.486.89 827.773.69 41.68 157.01 3.16 32.10 287.47 12.89 Total Variable Costs 1.53 126.48 1.10 506.57 58.603.48 1.54 143.71 464.37 2.01 1.107. in Lakhs) Particulars % FINANCIAL YEAR ENDED 31ST MARCH 2011 .06 453.036.95 533.16 167.03 479.63 160.07 565.58 1.746.04 55% 50% 72.28 886.99 372.84 232.00 512.700.890.13 737.30 24.28 176.419.58 5.21 259.007.28 1.48 17.388.97 10.755.39 480.31 3.02 1.47 1.73 403.51 184.85 440.52 706.42 71.076.18 9.416.13 15. BE Sales% Cash BE sales % Net Sales VARIABLE COSTS Consumables Utilities Repair & Maintenance Room Maintenance Cost Commission & Discounts Advertisement Salaries & Wages Administrative Overheads FIXED COSTS utilities Repair & Maintenance Room Maintenance Cost Advertisement Salaries & Wages Administrative Expenses Int.47 614.66 168.20 6.66 296.86 368./Sales)% Cash Break Even Rs.197.67 19.481.333.741.027.86 6.00 9.77 9.026.46 5.67 1.21 14.18 Contribution 4.754.05 9.77 1.52 13.94 11.340.12 256.233.21 113.043.38 10.61 8.81 129.95 292.34 369.19 74.48 645.57 593.58 331.35 477.51 56% 51% 71.89 11.135.10 2010 .49 5.15 2015 .611.05 610.659.88 179.81 1.0 Break Even Analysis (Rs.961.71 1.403.87 282.87 1.74 113.437.02 244.42 9.03 976.03 770.146.88 825.74 55% 50% 55.12 9.856.585.01 18.17 85.02 3.056.64 98.13 2013 .80 774.339.749.58 7.35 721.70 1.06 672.61 814.75 56% 50% 72.08 8.05 383.092.150.17 17.87 708.510.850.45 827.70 95.219.980. Break Even Sales Rs.60 1.26 5.89 5.773.16 141.04 4.130.768.19 488.97 7.57 192.13 670.81 13.67 830.02 872.27 929.82 1.66 1.67 1.00 4.27 1.98 4.531.54 827.04 9.932.

655.726.00 2.0 18.00 0.265.00 2.549.04 5.66 7.545.332.96 3.3 40.00 9.656.59 4.000.000.434.04 6.574.04 5.083.333.133.00 2.000.246.00 2.13 10.282.911.4 32.390.66 6.18 9.720.10 6.4 17.00 583.77 tion PBIT Interest on term loans from banks 1.674.002.697.986.616.14 12.29 734.00 833.7 25.400.00 0.00 2.55 1.000.00 9.296.309.135.Annexure for the Information Memorandum As on 2008 2009 2010 .005.81 825.307.00 0.285.224.0 4 8 4 6 7 5 14.00 9.04 3.69 6.000.23 6.52 6.00 333.000.00 2.34 962.37 4.15 7.156.000.050.000.286.08 5.050.71 2.43 1.00 2.980.7 16.000.043.00 9.693.79 4.674.18 96.217.000.147.040.887.73 6.043.081.492.58 827.00 9.32 6.37 5.90 8.3 29.82 4.129.201.00 773.00 9.947.610.415.6 19.000.991.454.4 19.04 .574.8 16.48 1.2011 2012 2013-14 2014-15 2015-16 2016-17 31st -09 -10 11 -12 -13 March  5.183.04 2.972.6 28.4 21.59 7.16 655.912.44 5.0 2 8 6 4 8 4 6 7 5 7.234.04 4.29 502.0 14.000.62 918.067.00 2.94 5.92 2.040.48 7.00 1.58 827.70 1.58 Deprecia 526.866.000.340.05 273.46 350.702.00 9.432.116.35 7.88 426.480.483.80 3.5 Gross Revenue 1 3 0 8 8 1 7 8 s Total 2.000.46 2.585.74 4.000.73 827.09 1.52 PAT Equity Capital Share Premium Quasi Equity Reserves & Surplus Net Worth Secured Loans 1.10 6.669.45 6.762.684.5 22.856.04 6.499.350.283.00 9.13 1.6 17.8 10.000.0 25.49 1.05 6.874.48 5.469.8 13.1 15.785.71 579.82 3.401.333.00 2.319.011.40 3.000.66 2.485.360.23 6.246.000.65 5.7 36.722.58 872.151.31 4.23 5.39 7.00 0.00 9.66 3.6 10.258.081.00 1.0 11.441.63 PBT Tax 1.56 10.913.129.581.202.0 Expendit 2 2 8 0 ure EBIDTA 2.04 2.28 7.4 17.