COST OF PROJECT & MEANS OF FINANCE

Total to be paid Additional to be

[Link]. Particulars for acquisition spent Total Cost

A. PROJECT COST

1. Land 11.00 0.00 11.00

2. Building 530.00 600.00 1,130.00

3. Furniture & Fixtures 150.00 300.00 450.00

4. Plant & Machinery 80.00 300.00 380.00

5. Misc. Fixed Assets 46.00 150.00 196.00

6. Pre-Operatives 0.00 250.00 250.00

7. KTH 1200.00 1,200.00

2,017.00 1,600.00 3,617.00

B. MEANS OF FINANCE

Term Loan from Financial Institutions

Promoters contribution 567.00 250.00 817.00

Term from Fis 1,600.00 1,600.00
Repayment of Loan from [Link] 1,450.00 -1,450.00 0.00
Sale of KTH 1200.00 1,200.00

Total 2,017.00 1,600.00 3,617.00

Debt Equity Ratio 2.37:1

 Glen Hotels Resorts Pvt Ltd

A.1 Land & Land Development

Item No. Description Qty Rate/unit Total
1 Laying of local dressed to size stone 4"*4" 5.00
on bed of cement mortar.
2 P&F street light on road, gate, check post 3.50
& terrace
3 Steel truss with roof along passage 4.60
4 P&F slates/kota stone on path ways 3.00
terrace, stage etc
5 Construction of stairs, ceiling, conference hall 4.80
& rooms with kota stone on tread
6 Construction of porch 2.50
7 Land Registration Charges 11.60
35.00
 Glen Hotels Resorts Pvt Ltd

A.2 Building
Lift Block Amt in Lacs
Item No. Description Qty Rate/unit Total
Civil work
1 Excavation, Cutting, PCC steel shuttering 20600 sqft 419 86.31
RCC, Brick work, Half brick, plastering,
Woodwork in frames& outside plastering.
2 P & F 40 mm thick paneled, glazed 240 sqmt 3000 7.20
shutter in first class teak wood
3 Punning work with POP on wall 7000 sqmt 80 5.60
4 PoP work with AL frame and galvanised 11000 sqmt 80 8.80
iron jali & wooden finished in all respect.
5 Paint & Polish work L.S. 20.00
127.91
6 Plumbing & sanitary work @10% 12.79
(of lift Block)
Total 140.71

Rooms Block
8 Providing & Fixing Railing in 2 Corridors 1200 sqft 280 3.36
(8mm thick toughned glass)
9 Providing & Fixing Non Slippery tiles 400 sqmt. 1000 4.00
in corridors
10 Providing & Fixing wooden ceiling 245 sqmt. 850 2.08
complete with frame work
11 Exterior paint (1st quality Apex or L.s 5.47
Equivalent with design & approved
color scheme)
12 Providing & Fixing 8mm thick toughned 6000 sqft 210 12.60
glass, complete with aluminium frames
and steel bolts. (Complete lift block)
13 Building registration charges 32.00
(8% of 400)
59.51
Total Building 200.22
 Glen Hotels Resorts Pvt Ltd

A.3 Plant & Machinery Detail

Item No. Description Qty Rate Total

1 Central Heating for entire project 43.01
(see attached quotation )
2 Kirloskar Water Pump for lifting 2 nos. 20,000.00 0.40
water.
3 Kitchen Equipment 37.59
(see attached quotation )
4 21" Color Televisions 30 nos. 9,727.00 2.92
5 29" Color Televisions 16 nos. 19,720.00 3.16
6 Transformer 500 KVA 1 nos. 500,000.00 5.00
7 Laundry Plant Lumpsum 5.35
8 Koene make Glass Lifts 2 nos. 2100000 42.00
9 Sewerage Treatment Plant Lumpsum 6.00
10 250 KVA Gen Set 2 nos. 500,000.00 10.00

155.42

A.4 Miscellaneous Fixed Assets

Item No. Description Qty Rate Total
1 Computer network & Hotel specific Lumpsum 8.00
software
2 Scorpio Jeep Mah & Mah 2 Nos. 750,000.00 15.00
3 Eicher Mini Bus (For Staff) 1 Nos. 800,000.00 8.00

31.00

A.5 Pre-operative Expenses

Item No. Description Qty Rate Total

1. Interest on Loan (five months) 40.00

2. Loan Processing fee 4.50

3. Consultancy Fee 3.00

4. Others 5.69

53.19
 Glen Hotels Resorts Pvt Ltd

Estimate for Small room

[Link]. Particulars Qty Unit Rate Amount

A. Furniture
1 Double Bed (6'6" * 6'6") 1 No. 25,000.00 25,000.00
(without mattress with headboard)
2 Bed Side Tables (1'6" * 1'6") 2 No. 3,250.00 6,500.00
3 Easy Chairs 2 No. 5,500.00 11,000.00
4 T.V./ Bar Cabinet 1 No. 14,500.00 14,500.00
5 Center Table (Oval) 2'6" long 1 No. 4,200.00 4,200.00
6 Study Chair 1 No. 3,950.00 3,950.00
7 Wardrobe (2'8" * 2' * 7") 1 No. 24,500.00 24,500.00
9 Study Table (3'9" * 1'10") 1 No. 8,500.00 8,500.00
10 Two seater sofa 1 No. 13,500.00 13,500.00
11 Luggage Rack 2'6" * 2'0" 1 No. 6,500.00 6,500.00
12 Luggage Guard 1 No. 2,250.00 2,250.00
13 Spring Mattress 2 No. 9,500.00 19,000.00

Electrical Fixtures & Fittings

1 Bracket Light. 4 nos. 1,000.00 4,000.00
2 Table Lamps 3 nos. 2,000.00 6,000.00
3 Uplight 2 nos. 800.00 1,600.00
4 5 amp 6 nos. 300.00 1,800.00
5 15 amp (for fridge) 1 nos. 400.00 400.00
6 5/15 amp 1 nos. 186.00 186.00
7 Microswitch with light for wardrobe 2 nos. 500.00 1,000.00
8 Ceiling light for vestibule area 2 nos. 500.00 1,000.00
9 Bracket light for toilet 1 nos. 1,000.00 1,000.00
10 Pic. Light 1 nos. 1,500.00 1,500.00
11 Toilet Mirror Light 1 nos. 1,000.00 1,000.00
12 Switches in toilet 2 nos. 200 400.00
13 Exhaust Fan 1 nos. 1,000.00 1,000.00
14 Telephone 2 nos. 900.00 1,800.00
15 Telephone socket in Toilet 1 nos. 300 300.00
 Glen Hotels Resorts Pvt Ltd

[Link]. Particulars Qty Unit Rate Amount

Flooring / Tiling
1 Parquet Flooring in Room 150 Sqft. 100 15,000.00
2 Tile flooring in vestibule 45 Sqft. 100 4,500.00
3 Tile clading in toilet 100 Sqft. 100 10,000.00
4 Tiling on walls of toilet 35 Sqft. 100 3,500.00

Miscellaneous
1 False Ceiling in part corridor 36 sqft. 350.00 12,600.00
2 P/F Skirting 84 rft 115.00 9,660.00
3 P/F Architave 18 rft 145.00 2,610.00
4 P/F Moulding 112 rft 95.00 10,640.00
5 P/F Looking Glass in Toilet 1 5,500.00 5,500.00
6 P/F Long Mirror in Room 1 4,800.00 4,800.00

Painting & Polishing

1 Paint work (Plastic Emulsion) 600 sqft 12.00 7,200.00
2 Paint (Plastic emulsion in toilet) 60 sqft 12 720.00
3 Scrapping/Polishing/Melamine 120 sqft 45 5,400.00

Toilet Fixtures & Fittings

1 Wall Hung W.C. with Flush 1 nos. 4,500.00 4,500.00
2 Valve, bottle trap
3 Wash Basin 1 nos. 3,000.00 3,000.00
4 Bath Tub 1 nos. 7,000.00 7,000.00
5 Toilet paper holder 1 nos. 500.00 500.00
6 Tap for W.C. 1 nos. 800.00 800.00
7 Telephone shower with 1 nos. 4,000.00 4,000.00
8 mixer 0.00
9 Towel Rack 1 nos. 1,200.00 1,200.00
10 Towel Ring 1 nos. 500.00 500.00
11 Floor Jali 1 nos. 300.00 300.00
12 Robe Hook 1 nos. 150.00 150.00
 Glen Hotels Resorts Pvt Ltd

[Link]. Particulars Qty Unit Rate Amount

Furnishings
1 Upholstery 42 mtrs 175.00 7,350.00
2 Drapery 28 mtrs 275.00 7,700.00
3 Sheer 28 mtrs 150.00 4,200.00
4 Picture & Framing 4 nos. 2,000.00 8,000.00
5 Stiching L.S. 3,000.00
6 Curtain Rods L.S. 3,500.00
7 Rug 225 sqft 70.00 15,750.00
8 Misc. 2,500.00

Artifacts
1 Art works on walls in room 1 nos. 10000 10,000.00
2 Art works on toilet wall 1 nos. 5000 5,000.00
3 Toilet mirror with moulding 1 nos. 3000 3,000.00
4 Planter in room 1 nos. 1000 1,000.00

Total estimate for one small room 347,466.00

For 28 rooms 9,729,048.00

 Glen Hotels Resorts Pvt Ltd

Estimate for Big room

[Link]. Particulars Qty Unit Rate Amount

A. Furniture
1 Double Bed (6'6" * 6'6") 1 No. 25,000.00 25,000.00
(without mattress with headboard)
2 Bed Side Tables (2'0" * 1'6") 2 No. 3,750.00 7,500.00
3 Easy Chairs 2 No. 5,500.00 11,000.00
4 T.V./ Bar Cabinet 1 No. 14,500.00 14,500.00
5 Center Table (Oval) 2'6" long 1 No. 4,200.00 4,200.00
6 Study/ Dining Chair 5 No. 3,950.00 19,750.00
7 Wardrobe (2'8" * 2' * 7") 1 No. 24,500.00 24,500.00
8 Dining Table 3' 1 No. 11,200.00 11,200.00
9 Study Table (3'9" * 1'10") 1 No. 10,500.00 10,500.00
10 Two seater sofa 1 No. 13,500.00 13,500.00
11 Luggage Rack 2'6" * 2'0" 1 No. 6,500.00 6,500.00
12 Luggage Guard 1 No. 2,250.00 2,250.00
13 Fire Place (4'0" * 1'0") 1 No. 13,500.00 13,500.00
14 Spring Mattress 2 No. 9,500.00 19,000.00

Electrical Fixtures & Fittings

1 Bracket Light. 4 nos. 1,000.00 4,000.00
2 Table Lamps 3 nos. 2,000.00 6,000.00
3 Uplight 2 nos. 800.00 1,600.00
4 5 amp 6 nos. 300.00 1,800.00
5 15 amp (for fridge) 1 nos. 400.00 400.00
6 5/15 amp 1 nos. 186.00 186.00
7 Microswitch with light for wardrobe 2 nos. 500.00 1,000.00
8 Ceiling light for vestibule area 2 nos. 500.00 1,000.00
9 Bracket light for toilet 1 nos. 1,000.00 1,000.00
10 Pic. Light 1 nos. 1,500.00 1,500.00
11 Toilet Mirror Light 1 nos. 1,000.00 1,000.00
12 Switches in toilet 2 nos. 200 400.00
13 Exhaust Fan 1 nos. 1,000.00 1,000.00
14 Telephone 2 nos. 900.00 1,800.00
15 Telephone socket in Toilet 1 nos. 300 300.00
 Glen Hotels Resorts Pvt Ltd

[Link]. Particulars Qty Unit Rate Amount

Flooring / Tiling
1 Parquet Flooring in Room 300 Sqft. 100 30,000.00
2 Tile flooring in vestibule 30 Sqft. 100 3,000.00
3 Tile clading in toilet 100 Sqft. 100 10,000.00
4 Tiling on walls of toilet 35 Sqft. 100 3,500.00

Miscellaneous
1 False Ceiling in part corridor 36 sqft. 350.00 12,600.00
2 P/F Skirting 84 rft 115.00 9,660.00
3 P/F Architave 18 rft 145.00 2,610.00
4 P/F Moulding 112 rft 95.00 10,640.00
5 P/F Looking Glass in Toilet 1 5,500.00 5,500.00
6 P/F Long Mirror in Room 1 4,800.00 4,800.00

Painting & Polishing

1 Paint work (Plastic Emulsion) 600 sqft 12.00 7,200.00
2 Paint (Plastic emulsion in toilet) 60 sqft 12 720.00
3 Scrapping/Polishing/Melamine 120 sqft 45 5,400.00

Toilet Fixtures & Fittings

1 Wall Hung W.C. with Flush 1 nos. 4,500.00 4,500.00
2 Valve, bottle trap
3 Wash Basin 1 nos. 3,000.00 3,000.00
4 Bath Tub 1 nos. 7,000.00 7,000.00
5 Toilet paper holder 1 nos. 500.00 500.00
6 Tap for W.C. 1 nos. 800.00 800.00
7 Telephone shower with 1 nos. 4,000.00 4,000.00
8 mixer 0.00
9 Towel Rack 1 nos. 1,200.00 1,200.00
10 Towel Ring 1 nos. 500.00 500.00
11 Floor Jali 1 nos. 300.00 300.00
12 Robe Hook 1 nos. 150.00 150.00
 Glen Hotels Resorts Pvt Ltd

[Link]. Particulars Qty Unit Rate Amount

Furnishings
1 Upholstery 42 mtrs 175.00 7,350.00
2 Drapery 28 mtrs 275.00 7,700.00
3 Sheer 28 mtrs 150.00 4,200.00
4 Picture & Framing 4 nos. 2,000.00 8,000.00
5 Stiching L.S. 3,000.00
6 Curtain Rods L.S. 3,500.00
7 Rug 225 sqft 70.00 15,750.00
8 Misc. 2,500.00

Artifacts
1 Art works on walls in room 1 nos. 10000 10,000.00
2 Art works on toilet wall 1 nos. 5000 5,000.00
3 Toilet mirror with moulding 1 nos. 3000 3,000.00
4 Planter in room 1 nos. 1000 1,000.00

Total estimate for one big room 404,466.00

For 14 rooms 5,662,524.00

 Glen Hotels Resorts Pvt. Ltd

Glen Hotels & Resorts Pvt. Ltd.

(Furniture & fixtures (excluding rooms)

[Link]. Particulars Qty Area Rate Amount

Restaurant
1 Table 30 nos. 5,000.00 150,000.00
3 Chairs 120 nos. 3,950.00 474,000.00
4 Counters 3 nos. 12,000.00 36,000.00
5 Dummy Table 6 nos. 6,000.00 36,000.00
6 Upholstery (Curtains & Lining) L.S. 65,000.00
7 Carpet 1680 sqft 70.00 117,600.00
8 Electrical Fixtures L.S. 50,000.00
Bar
9 Bar Table 10 nos. 6,000.00 60,000.00
10 Chairs 40 nos. 3,950.00 158,000.00
11 Bar Counter 1 nos. 95,000.00 95,000.00
12 Counter Chairs 10 nos. 4,500.00 45,000.00
13 Curtains L.S. 50,000.00
14 Carpet 840 sqft 70.00 58,800.00
15 Electrical Fixtures 50,000.00
Lobby
16 Sofa sets 6 nos. 25,000.00 150,000.00
17 Coffee Tables 6 nos. 6,000.00 36,000.00
18 Curtains L.S. 50,000.00
19 Electrical Fixtures 50,000.00
Coffee Shop
20 Sofa sets 10 nos. 25,000.00 250,000.00
21 Coffee Tables 10 nos. 6,000.00 60,000.00
22 Curtains L.S. 50,000.00
23 Electrical Fixtures 35,000.00
Terrace
24 Wrought Iron chairs 60 nos. 1250 75,000.00
25 Marble Top Table 15 nos. 5000 75,000.00
26 Swing (2seater with canvas top) 2 nos. 10000 20,000.00
27 Umbrella 15 nos. 2500 37,500.00
28 Service Counters 50,000.00
29 Decorative lights L.s 60,000.00

2,126,400.00
 PROPOSED SCHEDULE OF DEPRICIATION
Year Description Block of Assets
20% 20% 25% 25% 20%
Building Furniture Plant & Misc. Fixed Total
& Fixture Machinery Assets

Cost of Fixed Assets 1,130.00 450.00 380.00 196.00 2,156.00

(After Renovation)
Pre-Operatives 250.00 250.00
Total Capitalised Cost 1,130.00 450.00 380.00 196.00 250.00 2,406.00
Depriciation 52.15 22.50 23.75 12.25 11.54 122.19
1 W.D.V. in Year 1 1,077.85 427.50 356.25 183.75 238.46 2,045.35
1,077.85 427.50 356.25 183.75 238.46 2,045.35
Depriciation 215.57 85.50 89.06 45.94 47.69 483.76
2 W.D.V. in Year 2 862.28 342.00 267.19 137.81 190.77 1,800.05
Depriciation 172.46 68.40 66.80 34.45 38.15 380.26
3 W.D.V. in Year 3 689.82 273.60 200.39 103.36 152.62 1,419.79
Depriciation 137.96 54.72 50.10 25.84 30.52 299.14
4 W.D.V. in Year 4 551.86 218.88 150.29 77.52 122.09 1,120.64
Depriciation 110.37 43.78 37.57 19.38 24.42 235.52
5 W.D.V. in Year 5 441.49 175.10 112.72 58.14 97.67 885.12
Depriciation 88.30 35.02 28.18 14.53 19.53 185.57
6 W.D.V. in Year 6 353.19 140.08 84.54 43.60 78.14 699.56
Depriciation 70.64 28.02 21.13 10.90 15.63 146.32
7 W.D.V. in Year 7 282.55 112.07 63.40 32.70 62.51 553.24
Depriciation 56.51 22.41 15.85 8.18 12.50 115.45
8 W.D.V. in Year 8 226.04 89.65 47.55 24.53 50.01 437.78
Depriciation 45.21 17.93 11.89 6.13 10.00 91.16
9 W.D.V. in Year 9 180.83 71.72 35.67 18.40 40.01 346.62
Depriciation 36.17 14.34 8.92 4.60 8.00 72.03
W.D.V. in Year 10 144.67 57.38 26.75 13.80 32.01 274.60

Glen Resort Spa, Kufri 27

Project Report
 Glen Hotels Resorts Pvt. Ltd

PROPOSED REPAYMENT SCHEDULE OF TERM LOAN

Repayment Pattern for proposed Loan :

Repayment Period 7
Repayment Schedule
Type of Repayment
Principle Quarterly
Interest Monthly
Rate of Interest (Yearly) 12.00%

Principal Amount 1600 Lacs

Year Opening Reapyment Repayment Total Balance

Balance Interest Interest Principle RepaymentOutstanding

2007-2008 1,600.00 96.00 0.00 0.00 0.00 1,600.00

2008-2009 1,600.00 144.00 144.00 0.00 144.00 1,600.00
2009-2010 1,600.00 134.40 134.40 320.00 454.40 1,280.00
2010-2011 1,280.00 139.20 139.20 320.00 459.20 960.00
2011-2012 960.00 100.80 100.80 320.00 420.80 640.00
2012-2013 640.00 62.40 62.40 320.00 382.40 320.00
2013-2014 320.00 24.00 24.00 320.00 344.00 0.00
2014-2015 0.00 0.00 0.00 0.00 0.00 0.00
 PROPOSED SCHEDULE OF PERCENTAGE OCCUPANY, REVENUE GENERATION & COST OF SALES

Description of Units No. Of Tarriff Total Revenue Per Category

Units (Rs.) Per Annum/ Rs. In Lacs

Standard Room 25 3,500.00 319.38

Deluxe Rooms 25 4,200.00 383.25
One Bed Room Apts 8 5,000.00 146.00
Suites 8 7,500.00 219.00

Two Bed Room Cottages 4 10,500 153.30

70 1,220.93

SCHEDULE OF REVENUE GENERATION & COST OF SALES

Year 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2013-2014 2013-2014

Yearly Occupancy 45% 50% 55% 55% 55% 55% 55% 55%

Room Sales at Operating Capacity 549.42 610.46 671.51 671.51 671.51 671.51 671.51 671.51
Income From food & Beverages at O.C. 329.65 366.28 402.91 402.91 402.91 402.91 402.91 402.91

Total Income ( I ) 879.07 976.74 1,074.41 1,074.41 1,074.41 1,074.41 1,074.41 1,074.41

Cost of Raw Material / Consumables

Year 2006-2007 2006-2008 2006-2009 2009-2010 2010-2011 2011-2012 2012-2013 2012-2013

30% of Food & Beverage Sales 98.89 109.88 120.87 120.87 120.87 120.87 120.87 120.87
10% of Room Sales 54.94 61.05 67.15 67.15 67.15 67.15 67.15 67.15

Total Cost of Raw Material / Consumable 153.84 170.93 188.02 188.02 188.02 188.02 188.02 188.02

The Hotel is assumed to be commissioned from 1st December, 2007 on trial run and will be fiully operational from 1st Jan. The receipts have been taken for 3 months
in the first year.

Glen Resort Spa, Kufri 25

Project Report
 PROJECTED PROFITABILITY STATEMENT '00000'

Operating Years 0.00 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013

INCOME

Room sales (Kufri Tourist Resort) 0.00 549.42 610.46 671.51 671.51 671.51 671.51 671.51

F & B Sales (Kufri Tourist Resort) 0.00 329.65 366.28 402.91 402.91 402.91 402.91 402.91

0.00 879.07 976.74 1,074.41 1,074.41 1,074.41 1,074.41 1,074.41

COST

Food & Beverages Expenses 0.00 98.89 109.88 120.87 120.87 120.87 120.87 120.87

Expenses on Room Sales 0.00 54.94 61.05 67.15 67.15 67.15 67.15 67.15

-Power & fuel (8%) 0.00 70.33 78.14 85.95 85.95 85.95 85.95 85.95
-Salary & Wages (11%) 0.00 96.70 107.44 118.19 118.19 118.19 118.19 118.19
-Repair & Maintenace (2%) 0.00 17.58 19.53 21.49 21.49 21.49 21.49 21.49
-Office upkeep Admn. & Misc. Expenses (2%) 0.00 17.58 19.53 21.49 21.49 21.49 21.49 21.49
-Insurance Expenses on Reinstate Value (fxd) 0.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
Advertisement & Commission (15%) 0.00 82.41 91.57 100.73 100.73 100.73 100.73 100.73
0.00 444.43 493.15 541.86 541.86 541.86 541.86 541.86

Profit Before Depriciation, Interest & Taxes 0.00 434.63 483.59 532.55 532.55 532.55 532.55 532.55

-Depriciation 0 122.19 483.76 380.26 299.14 235.52 185.57 146.32

Profit Before Interest & Taxes 0.00 312.44 -0.17 152.29 233.41 297.03 346.98 386.23
FINACIAL EXPENSES
-Interest on Term Loan (Financial Institutions) 0.00 96.00 144.00 134.40 139.20 100.80 62.40 24.00

Total 0.00 96.00 144.00 134.40 139.20 100.80 62.40 24.00

Profit Before Income Tax 0.00 216.44 -144.17 17.89 94.21 196.23 284.58 362.23
-Provision for Taxation @ 35% 0.00 0.00 0.00 0.00 0.00 0.00 49.80 63.39

Profit After Tax 0.00 216.44 -144.17 17.89 94.21 196.23 234.78 298.84
Cummulative Profits 0.00 216.44 72.27 275.72 369.93 823.16 1,057.94 1,425.32

Glen Resort Spa, Kufri 27

Project Report
 CASH FLOW STATEMENT '00000'

1 2 3 4 5 6 7 8
SOURCES OF FUNDS

Share Capital 817.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Term Loan
Financial Institutions 1,600.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
HPSCBL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cash From Operations 0.00 434.63 483.59 532.55 532.55 532.55 532.55 532.55

2,417.00 434.63 483.59 532.55 532.55 532.55 532.55 532.55

APPLICATION OF FUNDS

Capital Expenditure (Incl [Link]) 2,417.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Repayment of Term Loan 0.00 0.00 320.00 320.00 320.00 320.00 320.00 0.00

Interest on term loan 0.00 96.00 144.00 134.40 139.20 100.80 62.40 24.00

Stocks & Others 0.00 35.00 0.00 0.00 0.00 0.00 0.00 0.00

Payment of Taxes 0.00 0.00 0.00 0.00 0.00 0.00 49.80 63.39

2,417.00 131.00 464.00 454.40 459.20 420.80 432.20 87.39

Opening Balance 0.00 0.00 303.63 323.22 401.37 474.72 586.47 686.82
Surplus / Deficit 0.00 303.63 19.59 78.15 73.35 111.75 100.35 445.16
Closing balance / Sinking Fund Balance 0.00 303.63 323.22 401.37 474.72 586.47 686.82 1,131.98

Glen Resort Spa, Kufri 31

Project Report
 PROJECTED BALANCE SHEET '00000'

Particulars Gestation 1 2 3 4 5 6 7

CAPITAL

Promoters Contribution 817.00 817.00 817.00 817.00 817.00 817.00 817.00 817.00

Reserve & Surplus - 216.44 72.27 275.72 369.93 823.16 1,057.94 1,425.32
Term Loan
Institution 1,600.00 1,600.00 1,600.00 1,280.00 960.00 640.00 320.00 0.00
Total (Rs. In Lacs) 2,417.00 2,633.44 2,489.27 2,372.72 2,146.93 2,280.16 2,194.94 2,242.32

APPLICATION OF FUNDS

Fixed Assets

Land & land development 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.00

Building 1,130.00 1,077.85 862.28 689.82 551.86 441.49 353.19 282.55

Furniture & Fixtures 450.00 427.50 342.00 273.60 218.88 175.10 140.08 112.07

Plant & Machinery 380.00 356.25 267.19 200.39 150.29 112.72 84.54 63.40

Misc. Fixed Assets 196.00 183.75 137.81 103.36 77.52 58.14 43.60 32.70

Pre-Operative 250.00 238.46 190.77 152.62 122.09 97.67 78.14 62.51

Stocks 35.00 35.00 35.00

- 35.00
- 35.00
- 35.00
- 35.00
-
Current Assets - 303.63 323.22 401.37 474.72 586.47 686.82 1,131.98

2,417.00 2,633.44 2,169.27 1,867.16 1,641.36 1,517.60 1,432.38 1,731.22

Glen Resort Spa, Kufri 32

Project Report
 Glen Hotels Resorts Pvt. Ltd

PROPOSED DEBT SERVICE COVERAGE RATIO DURING THE CURRENCY OF LOAN

[Link]. Particulars 1 2 3 4 5 6 7

1 Profit Before Income Tax 0.00 216.44 -144.17 17.89 94.21 196.23 284.58

2 Depriciation & Pre- Op w/o 122.19 483.76 380.26 299.14 235.52 185.57 146.32

3 Interest on Term Loan 96.00 144.00 134.40 139.20 100.80 62.40 24.00

Sub Total - A 218.19 844.20 370.49 456.24 430.52 444.20 454.90

1 Repayment of Term Loan 0.00 0.00 190.00 320.00 320.00 320.00 320.00

2 Interest on Term Loan 96.00 144.00 134.40 139.20 100.80 62.40 24.00

Sub Total - B 96.00 144.00 324.40 459.20 420.80 382.40 344.00

Debt Service Coverage Ratio (a/b) 2.27 5.86 1.14 0.99 1.02 1.16 1.32

DSCR (Average) 2.23

Glen Resort Spa, Kufri.

33
Project Report
 DETAIL OF MAN POWER REQUIREMENT & SALARY EXPENSE

[Link]. Job Title No. Salary P.M. Amount Per Annum

(Rs.) (Rs. In lacs)

1 GENERAL
General Manager 1 45,000 5.40
2 ACCOUNTS
Accounts Manager 1 20,000 2.40
Accounts Assistants 1 8,500 1.02
Cashier 2 3,500 0.84
3 FOOD & BEVERAGE SERVICE
F&B Manager 1 25,000 3.00
Banquets Manager 1 15,000 1.80
Captain 3 4,000 1.44
Stewart 12 3,000 4.32
Bar man 4 3,000 1.44
4 FOOD PRODUCTION (KITCHEN)
Executive Chef cum controller 1 20,000 2.40
Speciality Cook 2 8,500 2.04
Senior Cook 4 6,500 3.12
Assisstant Cook 2 3,000 0.72
Utility worker 2 2,000 0.48
Staff Canteen Cooks 2 2,200 0.53
Helper 4 2,200 1.06
5 MAINTENANCE
Engineer 1 10,500 1.26
Electrician 2 3,500 0.84
Plumber 1 3,600 0.43
Painter / Polisher 1 3,500 0.42
Ground workers 2 2,100 0.50
6 STORES & PURCHASE
Purchase Supervisor 2 4,500 1.08
7 HOUSE KEEPING
Executive House Keeper 1 20,000 2.40
Room Maids 4 3,500 1.68
Room attendents 6 3,000 2.16
House Men 3 2,500 0.90
Gardners 1 2,000 0.24
8 FRONT OFFICE
 Accomodation / Sales Manager 1 8,500 1.02
Receptionist 4 3,000 1.44
Bell Boys 4 2,000 0.96
9 SECURITY
Security Officer 1 4,000 0.48
Security Guard / Darban 4 3,000 1.44
Driver 2 3,000 0.72
83 49.98

Add: Fringe Benefits 20% 9.996

Total Wages for the Year 59.98

 BREAK EVEN ANALYSIS

In the year 2008-09 (3rd Year Basis).

Sr. No. Particulars Amount

Rs. Lakh
A. Sales 1350.71
========
B. Variable Costs
1. Raw Material 192.45
2. Salaries 5% 7.43
3. Utilities 108.06
4. Selling Expenses 118.31
5. Interest on Working 4.00
Capital -----------------
Total 430.25
========
C. Contribution (A- B ) 920.46
========
D. Fixed Expenses
1. Salaries 95% 141.15
2. Repair & Maintenance 27.01
Insurance 6.00
3. Depreciation 269.89
4. Repair & Maintenance 27.01
5. Int1 on Term Loan 100.19
----------------
Total 571.25
========
Break Even Point =

Fixed Cost* 50%/Contribution = 31.03%