Hotel Project

PROJECT REPORT

OF

HOTEL VIDHANI

BUSSINESS ADDRESS

TTC NAVI MUMBAI

HOTEL & BUSINESS CENTER AREA : 4881 SQ MTRS

PROPRIETOR

JAYESH R. VIDHANI

SCHEME AT:

MAHARASHTRA INDUSTRIAL DEVELOPMENT CORPORATION

( MIDC )

TTC NAVI MUMBAI

INTRODUCTION : -

a) Name of the Unit HOTEL VIDHANI INN

b) Constitution PROPOSED PVT. LTD.

c) Name of the Applicant JAYESH R. VIDHANI

(CHIEF PROMOTOR)

d) Communication Address PLOT NO. D - 2/233

TTC MIDC AREA, THANE BELAPUR ROAD,

NAVI MUMBAI

e) Address of location of unit PLOT NO. D - 2/233

TTC MIDC AREA, THANE BELAPUR ROAD,

NAVI MUMBAI

f) Qualification B. COM

g) Age 43 YEARS

h) Experience KNOWS THE LINE

i) Capacity 125 ROOMS

j) Power requirements 990 KV

k) Man Power requirements 105

L) COST OF PROJECT 4010.00 ( IN LAKHS )

M) ACTIVITY TO BE STARTED TO SETUP HOTEL & BUSINESS CENTER

N) REMARKS GOOD SCOPE IN ABOVE LINE OF BUSINESS

O) SPECIAL FACTORS THIS LOCATION IS SELECTED AS IT IS

SURROUNDED BY FASTEST DEVLOPING

AREA IN NAVI MUMBAI. THERE WILL BE

GOOD SCOPE TO GENERATE EMPLOYEMENT

FOR MORE THAN 100 SKILLED AND UNSKILLED

STAFF AND WILL ATTRACT TOURIST TO THE

HOTEL. IT WILL BECOME LANDMARK IN

NAVI MUMBAI,

7

DIRECT WAGES AND LABOUR CHARGES

PARTICULARS NOS. SALARY TOTAL SALARY

MANAGERIAL & SUPERVISORY 25 18000 450000

STAFF

SKILLED WORKERS 40 12000 480000

UNSKILLED WORKERS 35 8000 280000

WATCHMEN 5 6000 30000

TOTAL 105 44000 1240000

ADD: 20% OTHER BENEFITS 248000

TOTAL 1488000

TOTAL YEARLY 17856000

SO WAGES FOR NEXT 5 YEARS WILL BE WITH 10% INCREASE IN EVERY YEAR

Rs.

I st year 17856000

II nd year 19641600

III rd year 21605760

IV th year 23766336

V th year 26142970

10

STATEMENT OF FIXED ASSETS & DEPRECIATION

( DEPRECIABLE ASSETS )

YEARS PARTICULARS BUILDING FURNITU MACHINERY TOTAL

RATE @ RE @ @

10% 10% 15%

1 COST OF ASSETS/PROPER 1344.30 525.70 800.00 2670.00

Less : Depreciation 134.43 52.57 120.00 307.00

CLOSING BALANCES 1209.87 473.13 680.00 2363.00



















OTHER PRODUCTION EXPENSES 8

REPAIRS & MAINTENANCE 100000

INSURANCE 1000000

CONSUMABLE & OTHER EXP. 100000

TOTAL 1200000

SO NEXT 5 YEARS THE OTHER PRODUCTION EXPENSES WILL BE AS BELOW WITH 10% INCREASE

IN EVERY YEAR

Rs.

I st year 1200000

II nd year 1320000

III rd year 1452000

IV th year 1597200

V th year 1756920

SELLING AND ADMINISTRATIVE EXPENSES

A) SALARIES TO ADMINISTRATIVE STAFF

PARTICULARS NOS. SALARY TOTAL SALARY

PER MONTH PER YEAR

ACCOUNTANT 1 20000 240000

CLERK 2 8000 192000

PEON 2 5000 120000

TOTAL 5 33000 552000

ADD: 20% OTHER BENEFITS 110400

TOTAL A) 662400

B) OTHER EXPENSES

RENT 500000

LEGAL & PROFESSIONAL CHARGES 200000

commercial & STATIONERY 30000

TRAVELLING & CONVEYANCE 50000

MISCELLANEOUS EXPENSES 36000

BANK COMMISSION & OTHER CHARGES 50000

TOTAL B 366000

TOTAL ( A + B ) 1028400

SO THE ADMINISTRATIVE EXPENSES FOR THE NEXT 5 YEARS WILL BE AS BELOW 10% INCREASE

IN EVERY YEAR Rs.

I st year 1028400

II nd year 1131240

III rd year 1244364

IV th year 1368800

V th year 1505680

1

SCHEDULE NO. 1

FINANCIAL VIABILITY

PARTICULARS TOTAL

COST OF PROJECT IN LAKHS

LAND 2600 M2 @ 40000 1040.00

BUILDING 4481 M2 @ 30000 1344.30

EQUIPMENTS 800.00

FURNITURE 525.70

WORKING CAPITAL 300.00

TOTAL 4010.00

MEANS OF FINANCE

DIRECTORS CAPITAL 25% 1002.50

TERM LOAN FROM BANK 75% 3007.50

TOTAL 100% 4010.00

2

PROFITABILITY STATEMENT

SCHEDULE NO. 2

PRATICULARS I YEAR II YEAR III YEAR IV YEAR V YEAR

A) SALES REVENUE 29260 37083.20 48595.78 63308.27 82056.93

SALES

TOTAL A 29260 37083.20 48595.78 63308.27 82056.93

B) COST OF PRODUCTION

COST OF RAW MATERIAL 22000.00 29040.00 38066.60 49603.71 64307.66

LABOUR 178.56 196.42 216.06 237.66 261.43

POWER AND FUEL 178.56 196.42 216.06 237.66 261.43

OTHER PRODUCTION EXPENSES 12.00 13.20 14.52 15.97 17.57

SELLING & ADMIN. EXPENSES 10.28 11.31 12.44 13.69 15.06

INT. ON TERM LOAN 451.13 360.90 270.68 180.45 90.23

INT. ON UNSECURED LOAN 0.00 0.00 0.00 0.00 0.00

INT. ON WORKIG CAPITAL 45.00 0.90 1.05 1.20 1.35

DEPRECIATION 307.00 270.30 238.17 210.02 185.33

23182.53 30089.44 39035.57 50500.36 65140.06

ADD. OPENING STOCK 0.00 1540.00 2032.80 2664.66 3472.26

23182.53 31629.44 41068.37 53165.02 68612.32

LESS. CLOSING STOCK 1540.00 2032.80 2664.66 3472.26 4501.54

TOTAL B 21642.53 29596.64 38403.71 49692.77 64110.78

C) NET PROFIT 7617.47 7486.56 10192.07 13615.50 17946.15

D) TAXATION 1904.37 1871.64 2548.02 3403.88 4486.54

E) PROFIT AFTER TAX 5713.10 5614.92 7644.05 10211.63 13459.62

ADD. DEPRECIATION 307.00 270.30 238.17 210.02 185.33

6020.10 5885.22 7882.22 10421.65 13644.95

LESS. REPAYMENT OF TERM LOAN 1052.63 962.40 872.18 781.95 691.73

SURPLUS AVAILABLE 4967.48 4922.82 7010.04 9639.70 12953.22

3

DEBTS SERVICE COVERAGE RATIO

SCHEDULE NO. 3

PARTICULARS I YEAR II YEAR III YEAR IV YEAR V YEAR

A) NET PROFIT 5713.10 5614.92 7644.05 10211.63 13459.62

DEPRECIATION 307.00 270.30 238.17 210.02 185.33

INTEREST ON TERM LOAN 451.13 360.90 270.68 180.45 90.23

TOTAL A 6471.23 6246.12 8152.89 10602.10 13735.17

B) INTEREST ON TERM LOAN 451.13 360.90 270.68 180.45 90.23

REPAYMENT OF TERM LOAN 1052.63 962.40 872.18 781.95 691.73

TOTAL B 1503.75 1323.30 1142.85 962.40 781.95

DSCR ( A/B ) 4.30 4.72 7.13 11.02 17.57

AVERAGE OF DSCR 31

SCHEDULE NO. 4 4

CASH FLOW STATEMENT


A) SOURCE OF FUNDS:

1)NET PROFIT BEFORE TAXES WITH INTEREST 6871.85 6794.46 9558.06 13043.57 17439.76

ADDED BACK BUT AFTER DEPT.&INVEST ALLOW

2) PROMOTERS & FRIENDS CAPITAL INVEST. 0 0 0 0 0

3) DEPRECIATION 307.00 270.30 238.17 210.02 185.33

4) INVESTMENT ALLOWENCES 0 0 0 0 0

5) INCREASED IN LONG TERM LOAN 0 0 0 0 0

6) INCREASE IN DEFERRED PAYMENT FACILITIES 0 0 0 0 0

7)INCREASE IN UNSECURED LOANS & DEPOSITS 0 0 0 0 0

8) INCREASE IN BANK BORROWING FOR

WORKING CAPITAL 300 345 396.75 456.26 524.70

9) SALE OF FIXED ASSETS 0 0 0 0 0

10) OCTROI REFUND, SALES TAX REFUND 0 0 0 0 0

INCENTIVES

11) OTHERS 0 0 0 0 0

TOTAL A 7478.85 7409.76 10192.98 13709.85 18149.79


B) UTILISATION OF FUNDS

1) INCREASE IN FUNDS 0 0 0 0 0

2) INCREASE IN CAPITAL EXPENSES 0 0 0 0 0

3) INCREASE IN CURRENT ASSETS 5 10 15 20 25

INVENTORIES & DEBTORS, ETC,

4) DECREASE IN LONG TERM LOAN 0.00 0.00 0.00 0.00 0.00

5) DECREASE IN UNSECURED LOAN &

DEPOSITS 0 0 0 0 0

6) WITHDRAWALS BY THE PROPRIETOR 100.25 115.29 132.58 152.47 175.34

7) INCREASE IN INVESTMENT

8) INTEREST 496.13 361.80 271.73 181.65 91.58

9) TAXATION 1904.37 1871.64 2548.02 3403.88 4486.54

10) BORROWING

11) OTHERS EXPENSES

TOTAL B 2505.74 2358.73 2967.32 3757.99 4778.45

C) OPENING BALANCE 0.00 1540.00 2032.80 2664.66 3472.26

D) NET SURPLUS ( A-B ) 4973.10 5051.03 7225.66 9951.86 13371.34

E) CLOSING BALANCE 4973.10 6591.03 9258.46 12616.52 16843.60

SCHEDULE NO. 5 5

PROJECTED BALANCE SHEET


LIABILITIES

OWN CAPITAL 1002.50 1152.88 1325.81 1524.68 1753.38

TERM LOAN FROM BANK 1052.63 962.40 872.18 781.95 691.73

CASH CREDIT FROM BANK 0.00 0.00 0.00 0.00 0.00

PROFIT & LOSS 0.00 0.00 0.00 0.00 0.00

PAYABLE 22000.00 29040.00 38066.60 49603.71 64307.66

TOTAL 24055.13 31155.28 40264.58 51910.34 66752.77

ASSETS

FIXED ASSETS

NET BLOCK OF ASSETS 2363.00 2092.70 1854.53 1644.51 1459.18

CURRENT ASSETS

RECEIVABLES 12319.02 17535.51 24219.80 32781.61 43734.07

STOCK 2200.00 2904.00 3806.66 4960.37 6430.77

INVESTMENT & ADVANCES 2200.00 2904.00 3806.66 4960.37 6430.77

CASH & BANK BALANCES 4973.10 5719.07 6576.93 7563.47 8697.99

TOTAL 24055.13 31155.28 40264.58 51910.34 66752.77

0.00 0.00 0.00 0.00 0.00

DETAILED PROJECT REPORT

1. INTRODUCTION

Aurangabad and surrounding is developing very fast due to fast industrialisation in this area viz.,

Aurangabad estate, waluj, chikalthana & shendra. The said industrial area is already established

with many multinational like SCODA and automobile press like BAJAJ AUTO and Auto ancillaries

unit like VERROC, ENDURANCE etc. beside there is also many pharma companies and Breveries

companies surrrounded in all this industrial area , hence opening a unit in this area is very much

benificery due to good infrastructure for growing new press in this area.

2. PROMOTERS PROFILE

NAME OF APPLICANT AMIT MANGESH KULKARNI

ADDRESS AURANGABAD

PROPOSED LOCATION MIDC SHENDRA

EDUCATION GRADUATE

EXPERIENCE KNOWS THE LINE

PROPOSED ACTIVITY commercial PRODUCTS

DETAILED PROJECT REPORT ( DPR)

1. INTRODUCTION

Aurangabad and surrounding is devloping very fast Industrialisation in this

area viz. , Aurangabad estate, Waluj, Chikalthana & shendra. The said

industrial area is already established with many multinational like SCODA

and automobile press lie BAJAJ AUTO and Auto ancillaries unit VERROC,

ENDURANCE etc, beside there is also many Pharma companies and Breveries

companies surrounded in all this industrial area, hence opening a unit in this

area is very much benificary due to good infrastructure for growing new

industries in this area.

2.PROMOTERS PROFILE

NAME OF DIRECTORS 1. VINOD PREMCHAND SURANA

2. SANTOSH SHANTILAL MUTHIYAN

ADDRESS PREMCHAND REALTORS PVT. LTD.

D-5, MIDC CHIKALTHANA,

AURANGABAD

PROPOSED LOCATION MIDC CHIKALTHANA

EDUCATION KNOWS THE LINE

EXPERIENCE KNOWS THE LINE

PROPOSED ACTIVITY COMMERCIAL - SERVICE

APARTMENTS, OFFICES

3. CONSTITUTION OF THE COMPANYPRIVATE LIMITED

4. REGISTRATION DETAILS

5. UNIT REGISTRATION DETAILSThe unit is registered in PART - I EM with

registration number as follows

6. EXISTING BUSINESS OF THE PROMOTERS AND DETAILS THEREOFThe proprietor is an men enterpreneurs and belonging to an business family having business in

commercial appt. , many of the persons required various plots/ appt. which is

used on the business offices etc… As the promoter is itself in the commercial appt. building

manufacturing business from last 5-10 yrs in manufacturing in commercial etc. so he need land to

start the commercial buildings

7. LOCATION AND ITS SELECTIONLocation of the unit is at MIDC CHIKALTHANA, Tq. Dist. Aurangabad the said location has been selected

as is ts surrounded by fastest developing area in construction , press viz. five star Shendra

Industrial Area , Chikalthana Industrial Area etc. and in construction shopping center, appartments,

corporate office in short it in the new aurangabad zone. As all this construction sites are nearer to

the project so requirment of the product will be heavy and scope for business will very high.

8. MARKETS AND ITS ANALYSISOur said commercial appt will be required in business site where there is huge requirement of the

commercial appt which are hughy required by companies . Due to this various merits of the

commercial appt there is huge demand and at present there are very few manufacturer of this

commercial appt in this area.

9. IMPLEMENTION SCHEDULE WITH TIME CHART As the proposal is a transfer case where already a prepared shed will be purchased.

9

INTEREST CHARGES & REPAYMENT OF LOAN

It's proposed to raise a sum of Rs. 903.44/- (IN LKHS) meet requirement Term Loan from Bank.

It is proposed to pay interest on Term Loan @ 15% p.a. and on Cash Credit Loan @ 15%p.a.

First year requested for a moratorium period, next six years shall be pay back period in qurterly interest

& principal also. The below mentioned table gives abstract of data of interest and installments payable

& expected outstanding balances at the end of each year, amount will be repaid within installmnts

five yearly equal and last installments are recovered out of fixed deposits with interest.

YEARS OPENING Interest Principal Total Closing Balances

Balances Amount Amount Repayment

I 3007.50 451.13 Moratorium 451.13 3007.50

II 3007.50 451.13 601.50 1052.63 2406.00

III 2406.00 360.90 601.50 962.40 1804.50

IV 1804.50 270.68 601.50 872.18 1203.00

V 1203.00 180.45 601.50 781.95 601.50

VI 601.50 90.23 601.50 691.73 0.00

INTEREST ON WORKING CAPITAL

YEARS LOAN AMOUNT INTEREST @

RS. IN LAKHS 15%

I 300 45

II 6 0.9

III 7 1.05

IV 8 1.2

V 9 1

1331

53240

0

0

0

0

0

16000

10000

2000

1670

3007.50

11736.10 13619.77 16044.78 ### 23018.70

Closing Balances

6

SALES REVENUE STATEMENT

PARTICULARS I II III IV V

Total no. of production 10000 11000 12100 13310 14641

Cost of production/day 400000 440000 484000 532400 585640

Gross turnover in yr 4000000000 4840000000 5856400000 7086244000 8574355240

Avg. rate of raw 85 85 85 85 85

material

SALES VALUE 5600000000 6776000000 8198960000 9920741600 12004097336

SALES VALUE IN LAKHS 56000 67760.00 81989.60 99207.42 120040.97

PARTICULARS I II III IV V

UILISATION CAPACITY 55% 60% 65% 70% 75%

PRODUCTION 3080000000 4065600000 5329324000 6944519120 9003073002

ADD: OPENING STOCK 0 154000000 203280000 266466200 347225956

3080000000 3911600000 5126044000 6678052920 8655847046

LESS CLOSING STOCK 154000000 203280000 266466200 347225956 450153650

TOTAL SALES VALUE 2926000000 3708320000 4859577800 6330826964 8205693396

TOTAL SALES VALUE 29260 37083.20 48595.78 63308.27 82056.93

IN LAKHS

COST OF RAW MATERIAL CONSUMED


CAPACITY

UTILISATION 55% 60% 65% 70% 75%

COST OF 2200000000 2904000000 3806660000 4960370800 6430766430

PRODUCTION

COST OF 22000 29040.00 38066.60 49603.71 64307.66

PRODUCTION IN LAKHS

5.5 24000

1570000

314000

1256000

Hotel Project

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