PROJECT REPORT ON

Saraswati Vidya Mandiram- Narpala

PROP : Sanjeev Reddy

 PROJECT REPORT ON

Saraswathi Vidya Mandiram

PROP :

Saraswathi Vidya Mandiram is proposed to Construct School building on leased land under the term For
Seven years, and has undertaken Work to Construct the Building which will be utilised for School
Operations on Rent free Basis For Seven Years

COST OF THE PROJECT

DETAILS OF COST OF THE PROJECT AMOUNT

Rs. Rs. Rs.

Cost of the Construction of Building 12,000,000

TOTAL COST OF THE PROJECT 12,000,000 12,000,000

SOURCES OF FUNDS

Promoter's Contribution

Capital 5,500,000

Bank Finance

Term Loan 6,500,000

TOTAL 12,000,000 12,000,000

 ANNEXURE-1
PROJECTED INCOME STATEMENT

PARTICULARS 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24

INCOME
Exam Fees
Bus Fees 5,810,940 6,101,487 6,406,561 6,534,693 6,665,386 6,798,694 6,934,668

School Fees
TOTAL INCOME - A 5,810,940 6,101,487 6,406,561 6,534,693 6,665,386 6,798,694 6,934,668
EXPENSES
ADM EXPENSES
Advertisement Expenses 91,520 100,672 110,739 121,813 133,994 147,394 162,133
Books & periodicals 62,863 69,149 76,064 83,670 92,037 101,241 111,365
Electricity charges 114,050 125,455 138,001 151,801 166,981 183,679 202,047
Drivers Salaries 199,540 219,494 241,443 265,588 292,147 321,361 353,497
Miscellanous 34,364 37,800 41,580 45,738 50,312 55,344 60,878
Prinitng & stationery 69,467 76,414 84,055 92,461 101,707 111,878 123,065
Rent - - - - - - -
Repairs & Maintainance 192,335 211,569 232,725 255,998 281,598 309,757 340,733
Salaries 1,628,007 1,709,407 1,794,877 1,884,621 1,978,852 2,077,795 2,181,685
Travelling Expenses 94,787 104,266 114,692 126,161 138,778 152,655 167,921
Diesel Expenses 156,970 172,667 189,934 208,927 229,820 252,802 278,082
Xerox Charges 20,878 22,966 25,262 27,789 30,567 33,624 36,987
Finance Charges 20,000 - - - - - -
School day Celebrations - - - - - - -
Int on Term Loan Building 900,725 820,099 713,184 590,304 449,072 286,746 100,182
Depreciation (Other Fixed Assets) 742,024 667,822 601,039 540,935 486,842 438,158 394,342
Depreciation ( Building) 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000
TOTAL EXPENSES - B 5,527,530 5,537,779 5,563,597 5,595,807 5,632,707 5,672,434 5,712,917

NET INFLOWS ( A - B) 283,410 563,708 842,964 938,886 1,032,679 1,126,261 1,221,751

LESS:TAX
NET PROFIT AFTER TAX 283,410 563,708 842,964 938,886 1,032,679 1,126,261 1,221,751
 ANNEXURE-II

PROJECTED BALANCE SHEET

Base(On Date of
PARTICULARS Loan) 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23

CAPITAL AND LIABILITES

Promoter's Capital Opening Fund 8,266,328 13,766,328 13,599,738 13,663,446 13,956,411 14,295,296 14,677,976

Add: Net Profit after Tax 283,410 563,708 842,964 938,886 1,032,679 1,126,261

Additional Capital Contibution 5,500,000

Less : Personal Drawings 450,000 500,000 550,000 600,000 650,000 700,000

TOTAL Capital Fund 13,766,328 13,599,738 13,663,446 13,956,411 14,295,296 14,677,976 15,104,236

Current Liabilities & Loans 119,000 - - - - - -

Bank Term Loan 6,500,000 6,177,727 5,461,826 4,639,010 3,693,314 2,606,386 1,357,132

Interest Payable Capitalised

20,385,328 19,777,465 19,125,272 18,595,421 17,988,610 17,284,362 16,461,368

ASSETS

Fixed Assets I( Opening Bal) 7,420,239 7,420,239 6,678,215 6,010,394 5,409,354 4,868,419 4,381,577

Less:Dep@10% 742,024 667,822 601,039 540,935 486,842 438,158

Total (I) 7,420,239 6,678,215 6,010,394 5,409,354 4,868,419 4,381,577 3,943,419

Additions : Fixed Asset II (Building) 12,000,000 12,000,000 10,800,000 9,600,000 8,400,000 7,200,000 6,000,000

Less:Dep - 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000

Total (II) 12,000,000 10,800,000 9,600,000 8,400,000 7,200,000 6,000,000 4,800,000

Total Fixed Assets( I)+(II) 19,420,239 17,478,215 15,610,394 13,809,354 12,068,419 10,381,577 8,743,419

Improvements to Building 300,000 300,000 300,000 500,000 500,000

Advances & other exp 445,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000
Sundry Debtors 155,800 158,916 162,094 165,336 168,643 172,016 175,456

Investments & Other Current Assets 1,000,000 1,500,000 2,500,000 3,500,000 3,500,000 3,500,000

Cash & Bank Balances 364,289 540,334 752,785 820,730 751,548 1,330,769 1,942,493

20,385,328 19,777,465 19,125,273 18,595,420 17,988,610 17,284,362 16,461,368

2023-24

15,104,236

1,221,751

750,000

15,575,987

15,575,987

3,943,419

394,342

3,549,077

4,800,000

1,200,000

3,600,000

7,149,077

500,000

1,800,000
 178,965

4,000,000

1,947,945

15,575,987
 ANNEXURE-III
PROJECTED CASH FLOW STATEMENT

PARTICULARS 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24

CASH IN FLOW
Receipts 5810940 6101487 6406561 6534693 6665386 6798694 6934668

Bank Term Loan 468479

Capital Introduced

Advances Collected -155000

Investments Realised 155800

TOTAL-A 5811740 6569966 6406561 6534693 6665386 6798694 6934668
CASH OUT FLOW
Expenses 2684781 2849858 3049374 3264567 3496793 3747530 4018393

Bank Term Loan Repayments 322273 715901 822816 945696 1086928 1249254 1357132

Bank Interest Payment 477965 820099 713184 590304 449072 286746 100182

Purchase Of Fixed Assets 12000000

Advance & Other Expenses 200000 200000 200000 200000 200000 200000
Decrease in loans 167571
Investments & Other Current
Assets 0 0 500000

Taxes Paid

Personal Drawings
TOTAL-B 15652590 4585858 4785374 5000567 5232793 5483530 6175707

Opening Cash Balance 364289 -9476561 -7492453 -5871266 -4337141 -2904547 -1589383
Add: Net Surplus (A-B) -9840850 1984108 1621187 1534125 1432593 1315164 758961
Closing Cash Balance -9476561 -7492453 -5871266 -4337141 -2904547 -1589383 -830422
 PROJECTED DEBT SERVICE COVERAGE RATIO STATEMENT

PARTICULARS 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24

FUNDS FROM OPERATIONS

a.Net Profit After Tax 283410 563708 842964 938886 1032679 1126261 1221751
b.Depreciation 742024 667822 601039 540935 486842 438158 394342
Depreciation : Building 1200000 1200000 1200000 1200000 1200000 1200000 1200000
c.Interest on Term Loan 900725 820099 713184 590304 449072 286746 100182

TOTAL (A) 3126159 3251629 3357187 3270125 3168593 3051164 2916275

REPAYMENT OBLIGATIONS
A.Term Loan from Bank
Principal 322273 715901 822816 945696 1086928 1249254 1357132
Interest 900725 820099 713184 590304 449072 286746 100182

TOTAL (B) 1222998 1536000 1536000 1536000 1536000 1536000 1457314

DEDT COVERAGE RATIO (A)/(B) 2.56 2.12 2.19 2.13 2.06 1.99 2.00

Average DSCR 2.15 2.15 2.15 2.15 2.15 2.15 2.15

 ANNEXURE-V
DEBT EQUITY RATIO STATEMENT

PARTICULARS 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23

DEBT:
Term Loan 6177727 5461826 4639010 3693314 2606386 1357132

TOTAL 6177727 5461826 4639010 3693314 2606386 1357132

EQUITY:
Capital Account 13599738 13663446 13956411 14295296 14677976 15104236

TOTAL 13599738 13663446 13956411 14295296 14677976 15104236

Debt Equity Ratio (D.E.R) Long Term Debt/Equity

Debt Equity Ratio 0.45 0.40 0.33 0.26 0.18 0.09

Average D.E.R 0.24 0.24 0.24 0.24 0.24 0.24

2023-24

15575987

15575987

0.00

0.24
 Saraswathi Vidya Mandiram
REPAYMENT SCHEDULE OF LOAN AND INTEREST

Term loan:65 Lakhs Term Loan Period :

Rate of Interest : 14%

Repayment : Begins after Moreterium of 6 Months & Interest being Capitalised EMI Fixed at
Per month Rs128000/- towards in Principal + Interest & In the Last Installment Rs 4931

REPAYMENT @ 14 % INTEREST (Rs)

Principle
INTEREST for repayment per
MONTH LOAN the Month month Total Repayment
1 6,500,000 75833 0 75833
2 6,500,000 75830 0 75833
3 6,500,000 75830 0 75833
4 6,500,000 75830 0 75833
5 6,500,000 75833 0 75833
6 6,500,000 75830 0 75833
7 6,500,000 75830 52167 128000
8 6,447,833 75220 52780 128000
9 6,395,053 74610 53390 128000
10 6,341,663 73990 54010 128000
11 6,287,653 73360 54640 128000
12 6,233,013 72720 55280 128000
13 6,177,727 72070 55930 128000
14 6,121,797 71420 56580 128000
15 6,065,217 70760 57240 128000
16 6,007,977 70090 57910 128000
17 5,950,067 69420 58580 128000
18 5,891,487 68730 59270 128000
19 5,832,217 68040 59960 128000
20 5,772,257 67340 60660 128000
21 5,711,597 66640 61360 128000
22 5,650,237 65920 62080 128000
23 5,588,157 65200 62800 128000
24 5,525,357 64460 63540 128000
25 5,461,817 63720 64280 128000
26 5,397,537 62970 65030 128000
27 5,332,507 62210 65790 128000
28 5,266,717 61450 66550 128000
29 5,200,167 60670 67330 128000
30 5,132,837 59880 68120 128000
31 5,064,728 59090 68910 128000
32 4,995,816 58280 69720 128000
33 4,926,096 57470 70530 128000
34 4,855,566 56650 71350 128000
35 4,784,216 55820 72180 128000
36 4,712,036 54970 73030 128000
37 4,639,006 54120 73880 128000
38 4,565,126 53260 74740 128000
39 4,490,386 52390 75610 128000
40 4,414,776 51510 76490 128000
41 4,338,286 50610 77390 128000
42 4,260,896 49710 78290 128000
43 4,182,606 48800 79200 128000
44 4,103,406 47870 80130 128000
45 4,023,276 46940 81060 128000
46 3,942,216 45990 82010 128000
47 3,860,206 45040 82960 128000
48 3,777,246 44070 83930 128000
49 3,693,316 43090 84910 128000
50 3,608,406 42100 85900 128000
51 3,522,506 41100 86900 128000
52 3,435,606 40080 87920 128000
53 3,347,686 39060 88940 128000
54 3,258,746 38020 89980 128000
55 3,168,766 36970 91030 128000
56 3,077,736 35910 92090 128000
57 2,985,646 34830 93170 128000
58 2,892,476 33750 94250 128000
59 2,798,226 32650 95350 128000
60 2,702,853 31530 96470 128000
61 2,606,383 30410 97590 128000
62 2,508,793 29270 98730 128000
63 2,410,063 28120 99880 128000
64 2,310,183 26950 101050 128000
65 2,209,133 25770 102230 128000
66 2,106,903 24580 103420 128000
67 2,003,483 23370 104630 128000
68 1,898,853 22150 105850 128000
69 1,793,003 20920 107080 128000
70 1,685,923 19670 108330 128000
71 1,577,593 18410 109590 128000
72 1,468,003 17130 110870 128000
73 1,357,133 15830 112170 128000
74 1,244,963 14520 113480 128000
75 1,131,483 13200 114800 128000
76 1,016,683 11860 116140 128000
77 900,543 10510 117490 128000
78 783,053 9140 118860 128000
79 664,193 7750 120250 128000
80 543,943 6350 121650 128000
81 422,293 4930 123070 128000
82 299,223 3490 124510 128000
83 174,713 2040 125960 128000
84 48,753 570 48744 49314

Total 3860312 6500000 10360312

Principle
Interest repayment per
month
IYear 900725 322273
IIYear 820099 715901
 IIIYear 713184 822816
IVYear 590304 945696
VYear 449072 1086928
VI Year 286746 1249254
VII Year 100182 1357132

Total 3860312 6500000

Yearly I 900725 820099 713184 590304
ram
LOAN AND INTEREST

m Loan Period : 7 Years

g Capitalised EMI Fixed at

n the Last Installment Rs 49314/-

NTEREST (Rs)

Balance outstanding
month end
6,500,000
6,500,000
6,500,000
6,500,000
6,500,000
6,500,000
6,447,833
6,395,053
6,341,663
6,287,653
6,233,013
6,177,733
6,121,797
6,065,217
6,007,977
5,950,067
5,891,487
5,832,217
5,772,257
5,711,597
5,650,237
5,588,157
5,525,357
5,461,817
5,397,537
5,332,507
5,266,717
5,200,167
5,132,837
5,064,717
4,995,818
4,926,096
4,855,566
4,784,216
4,712,036
4,639,006
4,565,126
4,490,386
4,414,776
4,338,286
4,260,896
4,182,606
4,103,406
4,023,276
3,942,216
3,860,206
3,777,246
3,693,316
3,608,406
3,522,506
3,435,606
3,347,686
3,258,746
3,168,766
3,077,736
2,985,646
2,892,476
2,798,226
2,702,876
2,606,383
2,508,793
2,410,063
2,310,183
2,209,133
2,106,903
2,003,483
1,898,853
1,793,003
1,685,923
1,577,593
1,468,003
1,357,132
1,244,963
1,131,483
1,016,683
900,543
783,053
664,193
543,943
422,293
299,223
174,713
48,753
9
449072
 MONTHLY ESTIMATED EXPENDITURE (VARIABLE)

Particulars Amount

Shop rent 18000

Head Cook 15000

Assistant 5000

Electricity Bill 8000

Cleaning & Sweeper 5000

Bank Installment 23000

Phone Bill 4000

Miscellenous 5000

TOTAL 83000
 ANNEXURE-III
PROJECTED CASH FLOW STATEMENT

PARTICULARS 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24

CASH IN FLOW
Net Profit 283,410 563,708 842,964 938,886 1,032,679 1,126,261 1,221,751
Increase in Bank Term Loan
- - - - - - -
(capitalised Interest)

Depreciation 1,942,024 1,867,822 1,801,039 1,740,935 1,686,842 1,638,158 1,594,342

Capital Introduced - - - - - - -

TOTAL-A 2,225,434 2,431,530 2,644,003 2,679,821 2,719,521 2,764,418 2,816,093

CASH OUT FLOW
Expenses ( Drawings & Taxes ) 450,000 500,000 550,000 600,000 650,000 700,000 750,000

Decrease in Bank Term Loan 322,273 715,901 822,816 945,696 1,086,928 1,249,254 1,357,132

Purchase Of Fixed Assets - 300,000 - - 200,000 - -

Increase in Debtors 3,116 3,178 3,242 3,307 3,373 3,440 3,509

Increase in Current Assets 1,000,000 500,000 1,000,000 1,000,000 - - 500,000

Increase in Advance & Deposits 155,000 200,000 200,000 200,000 200,000 200,000 200,000

Decrease in Current Liabilities 119,000 - - - - - -

TOTAL-B 2,049,389 2,219,079 2,576,058 2,749,003 2,140,301 2,152,694 2,810,641

Opening Cash Balance 364,289 540,334 752,785 820,730 751,548 1,330,769 1,942,493
Add: Net Surplus (A-B) 176,045 212,450 67,946 -69,182 579,220 611,724 5,452
Closing Cash Balance 540,334 752,785 820,730 751,548 1,330,769 1,942,493 1,947,945