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Administrative Expenses

Particulars Year1 year2 year3 year4 year5

Auditor fees 9000 9000 9000 9000 9000

telephone 7000 7210 7426 7649 7879 3%

depreciation on :

(i)Misc fixed Assets 10330 9297 8367 7531 6778

(iii)Computer 12000 3200 1920 1152 691

(v)interior(including furniture) 25000 22500 20250 18225 16403

(vi)Equipments 54768 46553 39570 33634 28589

salary 432000 460800 522240 621984 712262

electricity exp 36000 39600 40392 41200 42024

interest cost 45012 36012 27012 18012 9012

Rental expenses 450000 486000 524880 566870 612220Repairs and maintenance 25000 25000 30000 35000 35000

printing and stationery expenses 2300 2346 2393 2441 2490 2%

miscellaneous expenses 16268 17895 19684 21653 23818

Total 1124678 1165413 1253135 1384351 1506165

Selling & Distribution O/H

Particulars Year1 Year2 Year3 Year4 Year5

Leaflets 30000 30000 24000 24000 31400

Total 30000 30000 24000 24000 31400

Prelimnary expenses

Particulars Year1

Registration fees 2000

Legal charges 4000

Total 6000

MEMBERSHIP FEES RATE PER MONTH maximum members Total

year1 700 130 1092000

year2 750 160 1440000

year3 750 160 1440000

year4 800 160 1536000

year5 800 160 1536000

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Rental expenses year 1 year2 year 3 year 4 year5

Particulars

ahemdabad(3500 sq ft) 450000 486000 524880 566870 612220 8%

Salary Expenses

Designation

no.of

employees

salary p.m

per

employee

total

salary

Annual

salary

year 1 Year 2 Year 3

manager cum dietician 1 15000 15000 180000 192000 228000

gym instructors 4 4500 18000 216000 230400 253440

Receptionist 1 3000 3000 36000 38400 40800

Total 6 22500 36000 432000 460800 522240

ELECTRICITY EXPENSES

Units Cosumed Unit Price

Total cost

p.m year1 YEAR2 YEAR 3 YEAR 4

400 7.5 3000 36000 39600 40392 41200

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Year 4 Year 5

Salary

incremen

t p.m

p.emp 2 3 4 5

300000 360000 16000 19000 25000 30000

278784 306662 4800 5280 5808 6389 10%

43200 45600 3200 3400 3600 3800

621984 712262

salaryincre

total 2 3 4 5

YEAR 5

42024 10%

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Plant and machinery

Name units unit price total cost(year1)

Gymnasium equipments

Treadmills 2 100000 200000

Recumbent bike 1 19350 19350

Multistation gym 1 64500 64500Upright bike 1 19300 19300

Spin bike 1 10750 10750

Air walker 1 14000 14000

Slide walker 1 14920 14920

Ab twister 1 6230 6230

Abdominal exerciser 1 1980 1980

Dumbells 10 850 8500

Swing Exerciser 1 5590 5590

Total 365120

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Depreciation schedule

Equipments

Year

Opening

WDV addition disposal

DV for

the year

Depreciat

ion

Closing

WDV

1 365120 0 0 365120 54768 310352

2 310352 0 0 310352 46553 263799

3 263799 0 0 263799 39570 224229

4 224229 0 0 224229 33634 190595

5 190595 0 0 190595 28589 162006

Interior(including furniture)

Year

Opening

WDV addition disposal

DV for

the year

Depreciat

ion

Closing

WDV

1 250000 0 0 250000 25000 225000

2 225000 0 0 225000 22500 202500

3 202500 0 0 202500 20250 1822504 182250 0 0 182250 18225 164025

5 164025 0 0 164025 16403 147622

Miscellaneous fixed assets

Year

Opening

WDV addition disposal

DV for

the year

Depreciat

ion

Closing

WDV

1 103300 0 0 103300 10330 92970

2 92970 0 0 92970 9297 83673

3 83673 0 0 83673 8367 75306

4 75306 0 0 75306 7531 67775

5 67775 0 0 67775 6778 60997

Computer

Year

Opening

WDV addition disposal

DV for

the year

Depreciat

ion

Closing

WDV

1 20000 0 0 20000 12000 8000

2 8000 0 0 8000 3200 4800

3 4800 0 0 4800 1920 2880

4 2880 0 0 2880 1152 1728

5 1728 0 0 1728 691 1037

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Fixed Assets

Year

Gross

Block

Depreciat

ion Net Block

1 year 738420 102098 636322

2 year 636322 81550 554772

3 year 554772 70107 484665

4 year 484665 60542 424123

5 year 424123 52461 371662

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Miscellaneous expensesmisc expenses Quantities price amount(YR1) YEAR2 YEAR3 YEAR4 YEAR5

Room freshner 60 120 7200

Door mates 6 110 660

First aid box 1 750 750

Towels 32 120 3840Soap 72 15 1080

Sweeping materials 24 12 288

Buckets 10 65 650

Pillows 20 90 1800

Total 16268 17895 19684 21653 23818

Stationery items

Files 10 20 200

Registers 15 30 450

Paper weight 4 80 320

Punching machine 2 90 180

Printer cartridges 6 175 1050

Pen box 2 50 100 2300

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10%

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miscellaneous fixed asset

misc fixed assets QUANTITY PRICE AMOUNT

Fans 4 1200 4800

Clock 5 300 1500

Water purifier 2 2500 5000

Fire extenguisher 3 7500 22500Vaccum cleaner 1 4500 4500

Lockers 2 4000 8000

A/C 1 20000 20000

Music system 1 30000 30000

Weight machine 1 7000 7000

TOTAL 103300

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Working capital requirement

year1 year2 year3 year4 year5

1) debtors Time lag p

Debtors wc requirement 54600 72000 72000 76800 76800 debtors

creditors

2) creditors salary

Overheads

Creditors WC requirement 54600 72000 72000 76800 76800

3) Expenses

1 Salary 432000 460800 522240 621984 712262

wc requirement 10080 10752 12186 14513 16619

2 other overhead exps 25000 25000 30000 35000 35000

wc requirement 1250 1250 1500 1750 1750

Statement showing working capital requirement

Particulars Days 1st year 2nd year 3rd year 4th year

current assets

Debtors 15 54600 72000 72000 76800

Cash Balance 12000 12000 12000 12000

Total (A) 66600 88800 88800 88800

Less:

Current Liability

Creditors 15 54600 72000 72000 76800

Outstanding Exps.Salary 7 10080 10752 12186 14513

other overhead 15 1250 1250 1500 1750

Total (B) 65930 84002 85686 93062.96

Working capital requirement 670 4798 3114 -4263

Net working capital 670 4798 3114 -4263

less:opening working capital 0 670 4128 -1014

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changes in working capital 670 4128 -1014 -3249

70% loan to be taken 469 3359 2180 -2984

30% margin 201 1439 934 -1279

-4128 1684 7377

cost of project

1 Year

Particulars Rs.

Fixed Assets

Interior(incl furniture) 250000

miscellaneous assets 103300

plant and machinery 365120

Computer 20000

738420

Working capital 201

Preliminary Expense

Registration fees 2000

Legal Charges 4000 6000

Total 744621

From the share capital 294621

From the Loan(60%) 450000

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riods - days

15

15

7

15

5th year

76800

12000

88800

76800

16619

1750

95169

-6369

-6369

-3249

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-3120

-4459

-1911

2106

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Profit and Loss a/c

Particulars 1st year 2nd year 3rd year 4th year 5th year

A. INCOMES :

Membership fees 1092000 1440000 1440000 1536000 1536000

TOTAL RS. 1092000 1440000 1440000 1536000 1536000

B. EXPENDITURES :

Administration Exps. 1124678 1165413 1253135 1384351 1506165

Selling and Distribution Exps. 30000 30000 24000 24000 31400Preliminary Exps written off 1200 1200 1200 1200 1200

TOTAL RS. 1155878 1196613 1278335 1409551 1538765

Profit/(Loss) before taxation -63878 243387 161666 126449 -2765

Provision for Taxation -19738 75207 49955 39073 -855

Profit/(Loss) after taxation -44140 168181 111711 87376 -1911

Profit/(loss) B/f from previous year 0 -44140 124041 235752 323128

Profit/(Loss) Available For Appropriation -44140 124041 235752 323128 321217

APPROPRIATION :

Balance Carried to Balance Sheet -44140 124041 235752 323128 321217

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Particulars year1 year2 year3 year4

SOURCE OF FUND

Share holder's Fund

Partner's Capital 294621 294621 294621 294621

Reserve & Surplus (profit from the profit and loss a/c) -44140 124041 235752 323128

Loan Funds

Secured Loans 450000 360000 270000 180000

TAX LIABILITIES

TOTAL RS. 700481 778662 800373 797749

APPLICATION OF FUNDS

Fixed AssetsGross Block 738420 636322 554772 484665

Less : Depreciation 102098 81550 70107 60542

Net Block 636322 554772 484665 424123

Loans, Advances & Deposits

Current Assets, Loans and advances

Sundry Debtors 54600 72000 72000 76800

Cash & Bank Balances 71158 227961 321993 384360

Current Assets (A) 125758 299961 393993 461160

Less: Current Liabilities and provisions

Creditors 54600 72000 72000 76800

O/S Salary 10080 10752 12186 14513

O/S Overheads 1250 1250 1500 1750

bank o/d 469 469 469 469

Current Liabilities(B) 66399 84471 86155 93532

NET CURRENT ASSETS 59359 215490 307838 367628

Preliminary Expenses 6000 4800 3600 2400

Less preliminary exp w/o -1200 -1200 -1200 -1200

balance of the preliminary exp 4800 3600 2400 1200

TOTAL RS. 700481 773862 794903 792951

0 4800 5470 4798

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year5

294621

321217

90000

705838

424123

52461

371662

76800

349230

426030

76800

16619

1750

469

95638

330392

1200

-1200

0

702054

3784

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Cash flow Statement

year1 year2 year3

Cash Flow from Operating Activities

Net profit before Tax and extraordinary activities -63878 243387 161666Adjustments :

non cash expenditure

depreciation on the fixed assets 102098 81550 70107

preliminary expense written off 1200 1200 1200

capital gain / loss 0

add:interest paid 45012 36012 27012

less: interest received 0

Change in working capital -670 -4128 1014

Less : tax paid during the year 19738 -75207 -49955

Net cash flow from operating activities 103500 282815 211043

Cash flow from investing activities

outflow

Purchase of fixed assets -738420

payment of preliminary exp -6000

Inflow

Net cash flow from investing activities -744420 0 0

Cash flow from financing activities

outflow

interest paid -45012 -36012 -27012

repayment of secured loan 0 -90000 -90000

Inflow

loan taken

for the working capital 469

for the cost of project 450000

Share capital 294621

Net cash flow from financing activities activities 700078 -126012 -117012

Net Cash Flow from all the actitvity 59158 156803 94031

Add:opening balance of cash and cash equivalents 12000 71158 227961Closing balance of cash and cash equivalents 71158 227961 321993

Particulars

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year4 year5

126449 -2765

60542 52461

1200 1200

18012 9012

3249 3120

-39073 855

170380 63882

0 0

-18012 -9012

-90000 -90000

-108012 -99012

62368 -35130

321993 384360384360 349230

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Interest on loan

Particulars AMOUNT INTEREST int in bank o/d TOTAL

Loan 450000

repayment of loan(1/5) 90000 45000 12 45012

360000repayment of loan (1/5) 90000 36000 12 36012

270000

repayment of loan (1/5) 90000 27000 12 27012

180000

repayment of loan (1/5) 90000 18000 12 18012

90000

repayment of loan (1/5) 90000 9000 12 9012

0