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In Acres 25In SQM 101,171 1 acre =4046.825 S M 4046.825
In Sft 1,089,051 1 acre =43560 Sft 43560
FAR Area (Sft) (Processin Area) 3
FAR Area (Sft) (Non Processin Area) 2Area (Processing Area) (%) 75%
Area (Non Processin Area) (%) 25%
Total Built U Area (Processin Area) 2,450,365 490050
Total Built U Area (Non Processin Area) 544,526
Total Basement Area 1,800,000 Processin
Total Built U Area 2,994,890 2.75 Non Processin
2433.75 2677.125383
Parameters Description IT Park Commercial Office Convention Centre
Classification
(Processing / Non Processing)
Classify each component into Processing or Non
Processing AreaProcessing Processing Processing
Land Area (Acre) Share of Land attributable to each com onent (%) 75% 10.00% 5.00%FAR FAR available as er a rovals 3 2 2
Total Built-u Area (Aft) 2,450,365 217,810 108,905
Su er Area Loadin on the FSI Area in % 20% 20% 20%
Total Leasable Area (Sft) FSI + Loadin 2,940,438 261,372 130,686
Basement % As a % of the total Basement Area 82.32% 6.71% 7.32%
Basement Area In Sft 1,481,706 120,726 131,706
Cost of Construction (On Built up)Cost of construction (INR per Sft) based on Total Built
U Area1,950 2,050 5,467
Basement Cost Cost of construction (INR per Sft) 800 800 800
Cost of Construction in INR 4,778,211,263 446,510,910 595,384,182Cost of Construction (Basement) in INR Sft 1,185,364,800 96,580,800 105,364,800
Cost of Construction (Total) in INR Sft 5,963,576,063 543,091,710 700,748,982
Loaded Cost of Construction
Civil Construction (%) 56.0% 56.0% 56.0%
Plant & Machinery (%) 31.0% 31.0% 31.0%
Operating Permits (%) (if any) 0.5% 0.5% 0.5%
Furnitures & Fixtures (%) (if any) 5.0% 5.0% 5.0%
Design & Consultancy (%) 5.0% 5.0% 5.0%
Software Cost (Fixed Cost) (if an ) 0.5% 0.5% 0.5%Pre Operative Expenses
(% Share of total cost of construction)1.0% 1.0% 1.0%
Contingencies (% Share of total cost of construction) 1.0% 1.0% 1.0%
Date Inputs for TEV ~ SEZ
Area Statement
Total Land Area
Basement Details
Development Plan
Share of Cost of Construction
(Applicable as per each component)
Other Costs
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Phase - I
Total Built u Area under Construction (%) 30.47%
Total Built up Area under Construction (Sft) 1,189,133
(The area entered by client was
based on super area, rather
built up area)
1st Phase Start of Construction (Date) October, 2011
1st Phase End of Construction (Date) September, 2013
Start of Leasing (Date) October, 2013
Construction Schedule (%) Q1 Q2 Q3 Q4
Year 1 2% 5% 8% 15%
Year 2 15% 20% 20% 15%
Phase - 2
Total Built up Area under Construction (%) 69.53%
Total Built up Area under Construction (Sft) 1,261,232
1st Phase Start of Construction (Date) October, 2013
1st Phase End of Construction (Date) September, 2015
Start of Leasing (Date) October, 2013
Construction Schedule (%) Q1 Q2 Q3 Q4
Year 1 2% 3% 10% 15%
Year 2 15% 20% 20% 15%
24
IT PARKS/FACILITIES/OFFICE
24
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Phase - I
Total Built u Area under Construction (%)
Total Built up Area under Construction (Sft)
1st Phase Start of Construction (Date)
1st Phase End of Construction (Date)
Start of Leasing (Date)
Construction Schedule (%) Q1 Q2 Q3 Q4
Year 1
Year 2
Phase - 2
Total Built u Area under Construction (%)
Total Built up Area under Construction (Sft) 217,810
1st Phase Start of Construction (Date) October, 20131st Phase End of Construction (Date) September, 2015
Start of Leasing (Date) October, 2013
Construction Schedule (%) Q1 Q2 Q3 Q4
Year 1 2% 3% 10% 15%
Year 2 15% 20% 20% 15%
Phase - I
Total Built u Area under Construction (%)
Total Built up Area under Construction (Sft)
1st Phase Start of Construction (Date)1st Phase End of Construction (Date)
Start of Operations (Date)
Construction Schedule (%) Q1 Q2 Q3 Q4
Year 1
Year 2
Phase - 2
Total Built u Area under Construction (%)
Total Built up Area under Construction (Sft) 108,905
1st Phase Start of Construction (Date) October, 2013
1st Phase End of Construction (Date) September, 2015
Start of Operations (Date) October, 2013
Construction Schedule (%) Q1 Q2 Q3 Q4
Year 1 2% 3% 10% 15%
Year 2 15% 20% 20% 15%
Commercial Office
24
Convention Centre
Fill the total number of Months
24
Fill the total number of Months
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Phase - I
Total Built u Area under Construction (%)
Total Built up Area under Construction (Sft)
1st Phase Start of Construction (Date)
1st Phase End of Construction (Date)
Start of Operations (Date)
Construction Schedule (%) Q1 Q2 Q3 Q4
Year 1
Year 2
Phase - 2
Total Built u Area under Construction (%)
Total Built up Area under Construction (Sft) 217,810
1st Phase Start of Construction (Date) October, 20131st Phase End of Construction (Date) September, 2015
Start of Operations (Date) October, 2013
Construction Schedule (%) Q1 Q2 Q3 Q4
Year 1 2% 3% 10% 15%
Year 2 15% 20% 20% 15%
24
Service Apartments
Fill the total number of Months
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Land Area - Phase (Acres)
Total Land Area (Acres)
Current Land Value (INR Mn.)Land Value Per Acre (INR Mn.)
Total Built up Area (Sft)
Loading on the FSI Area in %
Total Leasable Area (Sft)
Base Cost of Construction (INR per sq. ft of Built-Up Area)
Basement Area (In Sft)
Construction of Cost for Basement (INR per sq. ft of Basement Area
Constructed)
Loaded Cost of Construction (INR per sq. ft of Built up Area)
Contingencies (%)
Pre Lease Admin Expenses (as a % of construction cost)
Pre Lease Marketing Expenses (as a % of construction cost)
Post Lease Admin Expenses (as a % of lease/sale revenue)
Post Lease Marketing Expenses (as a % of lease/sale revenue)
Maintanence Charge (CAM)
Margin on Maintanence
Deductible ~ Repair & Maintenance
No. of Months Rentals For Brokerage
Lease Rents (INR per sft per month) FY011
Car Parking Rental (INR per Bay per month)
Revenue Escalation YoY
Cost Escalation YoY
Lease Escalation on Renewal
Security Deposit (No. of months Rental)
Other Revenues (as a %age of Lease & Parking Revenues)
Area Per Car Park
Processing Area ~ Car Park Area (Sft)
Processing Area ~ No of Car Parks
Processing Area ~ Additional Surface Car Parks
Total Car Parks for Phase ~ 1
Total Car Parks Free
Car Parks Available for Revenue
Vacancy Provision
Revenue Assumptions
General Assumptions
OSE Infrastructure Limited
Base Assumptions
LAND DETAILS
Base Assumptions ~ IT Office ~ Phase I
Cost Assumptions
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25.00
25.00
4,767.50190.70
1,189,133
20%
1,426,960
1,950
728,823
800
2,196
5%
1.50%
2.00%
1.50%
2.00%
12
20.00%
30.00%
2
33
2,500
5%
5%
15%
6
0%
350
728,823
2,082
61
2,143
1,427
716
5%
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Total Built up Area (Sft) 1,261,232
Loading on the FSI Area in % 20%
Total Leasable Area (Sft) 1,513,478
Base Cost of Construction (INR per sq. ft of Built-Up Area) 1,950
Basement Area (In Sft) 748,164
Construction of Cost for Basement (INR per sq. ft of Basement Area
Constructed) 800
Loaded Construction Cost (INR per sq. ft of Built up Area) 2,182
Contingencies (%) 5%
Pre Lease Admin Expenses (as a % of construction cost) 1.50%
Pre Lease Marketing Expenses (as a % of construction cost) 2.00%
Post Lease Admin Expenses (as a % of lease/sale revenue) 1.50%
Post Lease Marketing Expenses (as a % of lease/sale revenue) 2.00%
Maintanence Charge (CAM) 12
Margin on Maintanence 20.00%
Deductible ~ Repair & Maintenance 30.00%
No. of Months Rentals For Brokerage 2
Lease Rents (INR per sft per month) 33
Car Parking Rental (INR per Bay per month) 2,500
Revenue Escalation YoY 5%
Cost Escalation YoY 5%
Lease Escalation on Renewal 15%
Security Deposit (No. of months Rental) 6
Other Revenues (as a %age of Lease & Parking Revenues) 0%
Area Per Car Park 350
Processing Area ~ Car Park Area (Sft) 748,164
Processing Area ~ No of Car Parks 2,138
Processing Area ~ Additional Surface Car Parks 61
Total Car Parks for Phase 2 2,199
Total Car Parks Free 1,513
Car Parks Available for Revenue 686
Vacancy Provision 5%
General Assumptions
Base Assumptions ~ IT Office ~ Phase II
Cost Assumptions
Revenue Assumptions
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Total Room Stock 266
Gross Room Size (Sft) 900
Total Gross Area (Sqm) 20,235
Total Gross Area (Sft) 217,810
Loaded Area 239,591
Cost of Construction Per Room (INR Mn) 4
Construction Cost (INR Per Sft) 4,444
Basement Area (In Sft) 65,862
Construction of Cost for Basement (INR per sq. ft of Basement Area 800
Loaded Construction Cost (INR per sq. ft of Built up Area) 4,686
Cost Escalation 5%
Contingencies 5%
ARR (INR/Room Night) 4,500
ARR Escalation (Per Annum) 5.00%
Occupancy Rate 80.00%
Food & Beverage Sales (as % of Room Sales) 20.00%
MOD Sales (as % of Room Sales) 5.00%
Spa / Health Club revenues (as % of Room Sales) 5.00%
Room costs (as % of Room Sales) 12.50%
F & B Cost (as % of F & B Sales) 45.00%
Other Expense (as % of F & B Sales) 1.00%
MOD costs (as % of MOD Sales) 40.00%
Spa / Health Costs (as a %age of sales) 40.00%
Administrative expenses (as % of Total Revenue) 2.00%
Maintenance (as % of Total Revenue) 2.00%
Operating expenses (as % of Total Revenue) 10.00%
Marketing costs (as % of Total Revenue) 2.00%
Base Management Fee (% of total revenue) 3.00%
F F & E (as % of Total Revenue) 2.00%
Management Incentive Fee (as % of GOP) 7.50%
Proposed Configuration
Revenue Assumptions
Operating Expenditure Schedule
Other Overhead Expenditure
Base Assumptions ~ Service Apartments
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Total Built up Area (Sft) 108,905
Loading on the FSI Area in % 20%
Total Leasable Area (Sft) 130,686
Base Cost of Construction (INR per sq. ft of Built-Up Area) 4,500
Basement Area (In Sft) 131,706
Construction of Cost for Basement (INR per sq. ft of Basement Area
Constructed) 800
Loaded Construction Cost (INR per sq. ft of Built up Area) 5,467
Cost Escalation 5%
Contingencies 5%
Base Assumptions ~ Convention Centre
Cost Assumptions
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Total Built up Area (Sft) 1,189,133
Loading on the FSI Area in % 20%
Total Leasable Area (Sft) 1,426,960
Base Cost of Construction (INR per sq. ft of Built-Up Area) 1,950
Loaded Cost of Construction (INR per sq. ft of Built up Area) 2,196
Lease Rents (INR per sft per month) FY011 33
Car Parking Rental (INR per Bay per month) 2,500
Revenue Escalation YoY 5%
Cost Escalation YoY 5%
Lease Escalation on Renewal 15%
Security Deposit (No. of months Rental) 6
No. of Months Rentals For Brokerage 2
ParticularsCost Index
Revenue Index (5% Growth)
Development Costs
Construction Phasing 100.00%
Construction Phasing - Built up Area (sq. ft) 1,189,133
Loaded Construction Cost (INR Millions) 2,783.73
Pre Lease up Administration Expenditure (INR Mn.) 1.50%
Pre Lease up Marketing Costs (INR Mn.) 2.00%
Contingencies (%) 5.00%
Total Development Costs (INR Mn.) 3,020.34
RevenuesAbsorption Schedule
Pre Committed Area
Post Completion Absorption
Area for Revenues (Pre-Commitments)
Area for Revenues (Post Completion)
Cumulative Area Leased
No of Months Revenues (First Year)
Lease Rents (INR per sft per month)
Lease Rentals 33
Weighted Average ~ Pre Commitments 36
Weighted Average ~ Post Completion 37
Lease Revenues (INR Mn)Pre Commitments
Area Committed in Yr 1
Area Committed in Yr 2
IT/ITeS Office Space ~ Phase I
Revenue Assumptions
100%
1,426,960
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Area Committed in Yr 3
Area Committed in Yr 4
Area Committed in Yr 5
Area Committed in Yr 6
Area Committed in Yr 7
Area Committed in Yr 8
Area Committed in Yr 9
Area Committed in Yr 10
Area Committed in Yr 11
Area Committed in Yr 12
Area Committed in Yr 13
Area Committed in Yr 14
Post Completion
Area Committed in Yr 1
Area Committed in Yr 2
Area Committed in Yr 3
Area Committed in Yr 4
Area Committed in Yr 5
Area Committed in Yr 6
Area Committed in Yr 7Area Committed in Yr 8
Area Committed in Yr 9
Area Committed in Yr 10
Area Committed in Yr 11
Area Committed in Yr 12
Area Committed in Yr 13
Area Committed in Yr 14
Total
Parking Revenue (INR Mns)
Margin on Maintenance (INR Mns)Security Deposit (INR Mns)
Brokerage on Lease (INR Mns)
Other Revenues
Vacancy Provision
Post Lease up Administration Expenditure
Post Lease up Marketing Expenses
Net Cash Flows (INR Mn)
Revenue
Expenditure
GOPRevenue For P & L
Expenditure for P&L
EBITDA (INR Mn.)
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76.41 305.65 305.65
0.00 0.00
0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
23.12 92.47 92.47
227.74 227.74
0.00
0.00 0.00 99.53 625.86 625.86
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
0.00 0.00 3.85 24.86 26.11
0.00 0.00 5.57 34.25 34.250.00 0.00 199.06 113.87 0.00
0.00 0.00 (66.35) (37.96) 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 (5.45) (34.25) (34.31)
0.00 0.00 (1.49) (9.39) (9.39)
0.00 0.00 (1.99) (12.52) (12.52)
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
(141.68) (1,785.21) (860.72) 704.74 630.00
0.00 0.00 103.50 650.73 651.91
0.00 0.00 (69.84) (59.86) (21.91)
0.00 0.00 33.66 590.86 630.000.00 0.00 103.50 650.73 651.91
0.00 0.00 (69.84) (59.86) (21.91)
0.00 0.00 33.66 590.86 630.00
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2021-2022 2022-2023 2023-2024 2024-2025162.89% 171.03% 179.59% 188.56%
162.89% 171.03% 179.59% 188.56%
2021-2022 2022-2023 2023-2024 2024-2025
0.00% 0.00% 0.00% 0.00%
0.0 0.0 0.0 0.0
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
2021-2022 2022-2023 2023-2024 2024-2025
0% 0% 0% 0%
0% 0% 0% 0%
0 0 0 0
0 0 0 0
1,426,960 1,426,960 1,426,960 1,426,960
12 12 12 12
54 56 59 62
0 0 0 0
2021-2022 2022-2023 2023-2024 2024-2025
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
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Total Built up Area (Sft) 1,261,232
Loading on the FSI Area in % 20%
Total Leasable Area (Sft) 1,513,478
Base Cost of Construction (INR per sq. ft of Built-Up Area) 1,950
Loaded Cost of Construction (INR per sq. ft of Built up Area) 2,182
Lease Rents (INR per sft per month) 33
Car Parking Rental (INR per Bay per month) 2,500
Revenue Escalation YoY 5%
Cost Escalation YoY 5%
Lease Escalation on Renewal 15%
Security Deposit (No. of months Rental) 6
No. of Months Rentals For Brokerage 2
ParticularsCost Index
Revenue Index (5% Growth)
Development Costs
Construction Phasing 100.00%
Construction Phasing - Built up Area (sq. ft) 1,261,232
Loaded Construction Cost (INR Millions) 3,256.83
Pre Lease up Administration Expenditure (INR Mn.) 1.50%
Pre Lease up Marketing Costs (INR Mn.) 2.00%
Contingencies (%) 5.00%
Total Development Costs (INR Mn.) 3,533.66
RevenuesAbsorption Schedule
Pre Committed Area
Post Completion Absorption
Area for Revenues (Pre-Commitments)
Area for Revenues (Post Completion)
Cumulative Area Leased
No of Months Revenues (First Year)
Lease Rents (INR per sft per month)
Lease Rentals 33
Weighted Average ~ Pre Commitments 40
Weighted Average ~ Post Completion 45
Lease Revenues (INR Mn)Pre Commitments
Area Committed in Yr 1
Area Committed in Yr 2
IT/ITeS Office Space ~ Phase II
Revenue Assumptions
100%
1,513,478
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sft
INR
INR
INR
INR
Months
Months
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016100.00% 105.00% 110.25% 115.76% 121.55%
100.00% 105.00% 110.25% 115.76% 121.55%
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
0.00% 0.00% 2.00% 60.00% 30.00%
0.0 0.0 25,224.6 756,739.2 378,369.6
0.00 0.00 60.68 1,911.57 1,003.57
0.00 0.00 0.91 28.67 15.05
0.00 0.00 1.21 38.23 20.07
0.00 0.00 3.03 95.58 50.18
0.00 0.00 65.84 2,074.05 1,088.88
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
0% 0% 0% 0% 20%
0% 0% 0% 0% 0%
0 0 0 0 302,696
0 0 0 0 0
0 0 0 0 302,696
0 0 0 0 0
33 35 36 38 40
0 0 0 0 0
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
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0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
108.97 145.29 145.29 161.64 167.09
0.00 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00
0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
114.42 152.56 152.56 169.72 175.44
159.82 159.82 159.82 183.80167.09 167.09 167.09
177.99 177.99
0.00
223.39 457.68 624.76 836.26 871.40
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
7.88 16.54 23.15 30.39 31.91
10.90 21.79 29.06 36.32 36.32148.93 79.91 83.54 88.99 0.00
(49.64) (26.64) (27.85) (29.66) 0.00
0.00 0.00 0.00 0.00 0.00
(12.11) (24.80) (33.85) (45.15) (46.98)
(3.35) (6.87) (9.37) (12.54) (13.07)
(4.47) (9.15) (12.50) (16.73) (17.43)
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
16.63 508.46 676.96 887.88 862.15
230.05 471.21 643.13 857.82 892.65
(57.46) (42.66) (49.71) (58.93) (30.50)
172.59 428.55 593.41 798.89 862.15378.98 551.12 726.67 946.81 892.65
(57.46) (42.66) (49.71) (58.93) (30.50)
321.52 508.46 676.96 887.88 862.15
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sft
INR
INR
INR
INR
Months
Months
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016100.00% 105.00% 110.25% 115.76% 121.55%
100.00% 105.00% 110.25% 115.76% 121.55%
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
0.00% 0.00% 2.00% 60.00% 38.00%
0.0 0.0 4,356.2 130,686.1 82,767.9
0.00 0.00 12.12 381.93 253.98
0.00 0.00 0.18 5.73 3.81
0.00 0.00 0.24 7.64 5.08
0.00 0.00 0.61 19.10 12.70
0.00 0.00 13.16 414.39 275.57
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
0% 0% 0% 0% 20%
0% 0% 0% 0% 10%
0 0 0 0 52,274
0 0 0 0 26,137
0 0 0 0 78,412
0 0 0 0 3
50 53 55 58 61
0 0 0 0 61
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
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0.00 0.00 0.00
0.00 0.00
9.57
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00
4.78
0.00 0.00 0.00 0.00 14.35
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
0.00 0.00 0.00 0.00 0.68
0.00 0.00 0.00 0.00 0.590.00 0.00 0.00 0.00 28.70
0.00 0.00 0.00 0.00 (9.57)
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 (0.78)
0.00 0.00 0.00 0.00 (0.22)
0.00 0.00 0.00 0.00 (0.29)
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
0.00 0.00 (13.16) (414.39) (242.10)
0.00 0.00 0.00 0.00 14.84
0.00 0.00 0.00 0.00 (10.07)
0.00 0.00 0.00 0.00 4.770.00 0.00 0.00 0.00 43.54
0.00 0.00 0.00 0.00 (10.07)
0.00 0.00 0.00 0.00 33.47
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2016-2017 2017-2018 2018-2019 2019-2020 2020-2021127.63% 134.01% 140.71% 147.75% 155.13%
127.63% 134.01% 140.71% 147.75% 155.13%
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
0.00% 0.00% 0.00% 0.00% 0.00%
0.0 0.0 0.0 0.0 0.0
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
0% 0% 0% 0% 0%
30% 40% 0% 0% 0%
0 0 0 0 0
78,412 104,549 0 0 0
156,823 261,372 261,372 261,372 261,372
12 12 12 12 12
64 67 70 74 78
64 67 0 0 0
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
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0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
38.26 38.26 39.70 44.00 44.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00
0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
19.13 19.13 19.85 22.00 22.00
60.22 60.22 60.22 69.25 69.25
84.06 84.06 84.06 96.670.00 0.00 0.00
0.00 0.00
0.00
117.62 201.67 203.83 219.32 231.93
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
5.74 10.04 10.54 11.07 11.63
4.70 7.84 7.84 7.84 7.8430.11 42.03 0.00 0.00 0.00
(10.04) (14.01) 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
(6.40) (10.98) (11.11) (11.91) (12.57)
(1.76) (3.03) (3.06) (3.29) (3.48)
(2.35) (4.03) (4.08) (4.39) (4.64)
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
137.61 229.54 203.97 218.64 230.71
121.66 208.58 211.10 226.32 238.82
(14.15) (21.07) (7.13) (7.68) (8.12)
107.50 187.51 203.97 218.64 230.71151.77 250.61 211.10 226.32 238.82
(14.15) (21.07) (7.13) (7.68) (8.12)
137.61 229.54 203.97 218.64 230.71
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2021-2022 2022-2023 2023-2024 2024-2025162.89% 171.03% 179.59% 188.56%
162.89% 171.03% 179.59% 188.56%
2021-2022 2022-2023 2023-2024 2024-2025
0.00% 0.00% 0.00% 0.00%
0.0 0.0 0.0 0.0
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
2021-2022 2022-2023 2023-2024 2024-2025
0% 0% 0% 0%
0% 0% 0% 0%
0 0 0 0
0 0 0 0
261,372 261,372 261,372 261,372
12 12 12 12
81 86 90 94
0 0 0 0
2021-2022 2022-2023 2023-2024 2024-2025
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
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Service Apartments
Proposed Configuration
Total Room Stock 266
Gross Room Size (Sft) 9,688
Total Gross Area (Sqm) 20,235
Total Gross Area (Sft) 217,810
Construction Cost (INR Per Sft) 4,444
Loaded Cost of Construction (INR Per Sft) 4,686
ParticularsCost Index
Revenue Index (5% Growth)
Assumptions
Construction Schedule 100%
Total Construction Cost (INR Mn.) 1,202.95
Contingencies 5%
Total Construction Cost (INR Mn.) 1,263.10
Revenue Assumptions
ARR (INR/Room Night) 4,500
ARR Escalation (Per Annum) 5.00%
Occupancy Rate 80.00%
Room Nights Sold
Revenue Schedule
Room Sales (INR Mn.)
Food & Beverage Sales (as % of Room Sales) 20.00%
MOD Sales (as % of Room Sales) 5.00%
Spa / Health Club revenues (as % of Room Sales) 5.00%
Total Revenue (INR Mn.)
Operating Expenditure Schedule
Room costs (as % of Room Sales) 12.50%
F & B Cost (as % of F & B Sales) 45.00%
Other Expense (as % of F & B Sales) 1.00%MOD costs (as % of MOD Sales) 40.00%
Spa / Health Costs (as a %age of sales) 40.00%
Other Overhead Ex enditure
Administrative expenses (as % of Total Revenue) 2.00%
Maintenance (as % of Total Revenue) 2.00%
Operating expenses (as % of Total Revenue) 10.00%
Marketing costs (as % of Total Revenue) 2.00%
Base Management Fee (% of total revenue) 3.00%
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F F & E (as % of Total Revenue) 2.00%
Total Expenditure (INR Mn.)
Gross Operating Profit
Gross Operating Profit (%)
Management Incentive Fee (as % of GOP) 7.50%
Total Expenditure (incl. management fee)
Gross Operating Profit - Post Management Fee (INR Mn.)
Gross Operating Profit - Post Management Fee (%)
Net Cash Flow
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435
2011-2012 2012-2013 2013-2014 2014-2015100.00% 105.00% 110.25% 115.76%
100.00% 105.00% 110.25% 115.76%
2011-2012 2012-2013 2013-2014 2014-2015
0% 0% 2% 60%
0.00 0.00 22.51 708.98
0.00 0.00 1.13 35.45
- - 23.63 744.43
4,500 4725 4,961 5,209
5.00% 5.00% 5.00% 5.00%
- - -
(Total No of Rooms provided by the client. The loaded
area per room is equivalent to less than 500 sft based
on client inputs.
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(23.63) (744.43)
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1.90 9.42 11.42 12.79 13.43
38.70 192.10 232.73 260.66 273.70
56.23 279.09 338.12 378.70 397.63
59% 59% 59% 59% 59%
4.22 20.93 25.36 28.40 29.82
42.92 213.03 258.09 289.06 303.52
52.01 258.15 312.76 350.30 367.81
55% 55% 55% 55% 55%
(443.03) 258.15 312.76 350.30 367.81
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2020-2021 2021-2022 2022-2023 2023-2024 2024-2025155.13% 162.89% 171.03% 179.59% 188.56%
155.13% 162.89% 171.03% 179.59% 188.56%
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
0% 0% 0% 0% 0%
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
- - - - -
6,981 7,330 7,697 8,081 8,485
5.00% 5.00% 5.00% 5.00% 5.00%
80.00% 80.00% 80.00% 80.00% 80.00%
77,672 77,672 77,672 77,672 77,672
542.23 569.34 597.80 627.69 659.08
108.45 113.87 119.56 125.54 131.82
27.11 28.47 29.89 31.38 32.95
27.11 28.47 29.89 31.38 32.95
704.89 740.14 777.15 816.00 856.80
67.78 71.17 74.73 78.46 82.38
48.80 51.24 53.80 56.49 59.32
1.08 1.14 1.20 1.26 1.3210.84 11.39 11.96 12.55 13.18
10.84 11.39 11.96 12.55 13.18
14.10 14.80 15.54 16.32 17.14
14.10 14.80 15.54 16.32 17.14
70.49 74.01 77.71 81.60 85.68
14.10 14.80 15.54 16.32 17.14
21.15 22.20 23.31 24.48 25.70
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14.10 14.80 15.54 16.32 17.14
287.38 301.75 316.84 332.68 349.31
417.51 438.39 460.31 483.33 507.49
59% 59% 59% 59% 59%
31.31 32.88 34.52 36.25 38.06
318.69 334.63 351.36 368.93 387.37
386.20 405.51 425.79 447.08 469.43
55% 55% 55% 55% 55%
386.20 405.51 425.79 447.08 469.43
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Rockman Shahpura Multi Product SEZ Financials
Space Assumptions
Space Assumptions No. of Units Capacity Area (sqm)/ unitTotal Area
(sqm)
Total Area
(sft)
Total C&EC 10,098 108,693
Convention, Conference & Meeting Facilities 6,075 65,391Plenary/Convention Hall (Multipurpose/ Divisible in to 4) 1 2,500 1.2 3,000 32,292
Meeting Room # 1 1 100 1.5 150 1,615
Meeting Room # 2 1 50 1.5 75 807
Board Room # 1 1 50 3 150 1,615
Banquet Kitchens /Stores / Receiving 1 30% 3,375 1,013 10,898
Pre-function Areas 1 20% 3,375 675 7,266
Circulation 1 20% 5,063 1,013 10,898
F&B 590 6,355
Coffee Shop 2 60 1.6 192 2,067
Food court with multiple outlets 1 200 1.5 300 3,229
Circulation 1 20% 492 98 1,059
S eciality Areas & Administration 1,680 18,083
Speciality Areas & Administration 1 1 1400 1,400 15,069
Circulation 1 20% 1,400 280 3,014
Public Areas (General Reception/ lobby, Toilets, Ticketing) 5% 417 4,491
Support Areas / Back of the House 1,001 10,779Sho s & Offices 334 3,593
Operating Days 350 Days
Escalation in F&B Revenues 7%
Escalation in Rates (rental for F&B outlets) 5%
Escalation in Rates every 3 years (rental for F&B outlets) 15%
Cost Assum tions
Particulars FY Year 2012 Year 2013 Year 2014 Year 2015Cost Index 100.00% 105.00% 110.25% 115.76%Revenue Index (5% Growth) 100.00% 105.00% 110.25% 115.76%
Capex
Capex
FY 2012 2013 2014 2015
Construction Schedule 0% 0% 2% 50%
Capex INR Mn - - 13.13 344.65
Contingencies 5% - - 0.66 17.23
Total Capex INR Mn 743.48 - - 13.79 361.88
Revenue Pro ections
Convention & Conference ~ Revenue
Category of Events Share of Events Average Utlization Peak Gathering
No. of Days per
Event100-300 Pax. 20% 80% 300 1
300-500 Pax. 70% 80% 500 1
500-1,000 Pax. 10% 75% 1,000 1Above 1,000 Pax. (No. of Events) 12 75% 2,500 2
2012 2013 2014 2015
Total Number of Events per Year Nos. 500 525 551 579
Growth in Number of Events 5%
Revenue INR Per pax 1,200Months 0 0 0 0
Share of Events Average Utlization 2012 2013 2014 2015
100-300 Pax. 20% 80% 100 105 110 116
300-500 Pax. 70% 80% 350 368 386 405
500-1,000 Pax. 10% 75% 50 53 55 58Above 1,000 Pax. (No. of Events) 12 75% 12 13 14 15
Total Number of Events at Convention Centre 512 539 565 594
Overall Revenue Utilization INR Mn. 0.00 0.00 0.00 0.00
Incentives/ Conf/ Meetings ~ Meeting Rooms Unit Y-o-Y Revenues (INR Million )
FY 2012 2013 2014 2015
Capcacity Pax 200 200 200 200 200
Area sqm 375 375 375 375 375
No. of Meetings 150 158 165 174 182
No. of Meetings per room No. 0 0 0 0
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Rockman Shahpura Multi Product SEZ Financials
Days of Meeting in a year Avg Days 1 0 0 0 0
Meeting Rooms ~ Revenue
Incentives/ Conf/ Meetings ~ Meeting Rooms Unit Y-o-Y Revenues (INR Million )FY 2012 2013 2014 2015
Capcacity Pax 200 200 200 200 200
No. of Meetings No. 0 0 0 0
No. of Meetings requiring F&B No. 50% 0 0 0 0
Current Rates/ Day (F&B) INR/ pax 900 0.0 0.0 0.0 0.0
Rentals per Room INR/SQM 180 0.0 0.0 0.0 0.0
Incentives/ Conf/ Meetings ~ Total Revenues INR 0.0 0.0 0.0 0.0
F&B Outlets ~ Rentals
F&B Outlets ~ Rental Revenues
FY 2012 2013 2014 2015
Rental INR/ sft/ mth 200.00 0.00 0.00 0.00 0.00
Coffee Shop INR mn - - - -Food court with multiple outlets INR mn - - - -
Total F&B Outlets Rental Revenues INR mn - - - -
Shops & Offices ~ Rental Revenues
FY 2012 2013 2014 2015
Rental (INR per sqmt per month) INR/ sft/ mth 150.00 0.00 0.00 0.00 0.00
Shops & Offices INR mn - - - -
Total Shops Rental Revenues INR mn - - - -
Total Revenues
Total RevenuesFY 2012 2013 2014 2015
Total F&B Revenues INR Mn - - - -
Total F&B Outlet Rental Revenue INR Mn - - - -
Shops & Offices ~ Rental Revenues INR Mn - - - -
Total Revenue INR Mn - - - -
Operating Costs
Operating Costs
FY 2012 2013 2014 2015
Staff Costs as % of Total Revenues INR Mn 4% - - - -
F&B Costs as % of F&B Revenues INR Mn 40% - - - -
General Costs as % of Total Revenues INR Mn 1% - - - -Pro erty O & M as % of Total Revenues INR Mn 2% - - - -
Consumables & Material as % of Total Revenues INR Mn 2% - - - -
Energy Costs as a % of total revenue INR Mn 8% - - - -
Insurance as % of Total Revenues INR Mn 1% - - - -
Marketing Exps as % of Total Revenues INR Mn Variable - - - -
- - 8% 8%
Total Opex INR Mn - - - -
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Rockman Shahpura Multi Product SEZ Financials
Year 2023 Year 2024 Year 2025171.03% 179.59% 188.56%171.03% 179.59% 188.56%
2023 2024 2025
0% 0% 0%
- - -
- - -
- - -
2023 2024 2025
856 899 944
12 12 12
2023 2024 2025171 180 189
599 629 661
86 90 94
23 24 25879 923 969
885.39 974.72 1,072.58
2023 2024 2025
200 200 200
375 375 375
269 283 297
90 94 99
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Rockman Shahpura Multi Product SEZ Financials
90 94 99
2023 2024 2025
200 200 200
90 94 99
45 47 49
17.0 19.1 21.3
10.4 11.4 12.6
27.4 30.5 33.9
2023 2024 2025
264.50 264.50 264.50
0.55 0.55 0.550.85 0.85 0.85
1.40 1.40 1.40
2023 2024 2025
198.38 198.38 198.38
0.95 0.95 0.95
0.95 0.95 0.95
2023 2024 2025
912.80 1,005.20 1,106.44
1.40 1.40 1.400.95 0.95 0.95
915.15 1,007.55 1,108.79
2023 2024 2025
36.61 40.30 44.35
365.12 402.08 442.57
9.15 10.08 11.0918.30 20.15 22.18
18.30 20.15 22.1873.21 80.60 88.70
9.15 10.08 11.09
18.30 20.15 22.182% 2% 2%
548.15 603.59 664.33
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Project Cash Flows
Net Cash Flows (INR Mn) 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018
IT ~ Phase I (141.68) (1,785.21) (860.72) 704.74 630.00 644.90 718.44
IT ~ Phase II 0.00 0.00 (65.84) (2,074.05) (1,088.88) 16.63 508.46Commercial Office 0.00 0.00 (13.16) (414.39) (242.10) 137.61 229.54
Service Apartments 0.00 0.00 (23.63) (744.43) (443.03) 258.15 312.76
C&EC 0.00 0.00 (13.79) (361.88) (303.98) 77.67 208.04
Net Project Cash Flows (INR Mn) (141.68) (1,785.21) (977.14) (2,890.01) (1,447.99) 1,134.97 1,977.25
Development Cost 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018
IT ~ Phase I 135.15 1702.95 1043.05 0.00 0.00 0.00 0.00
IT ~ Phase II 0.00 0.00 62.81 1978.47 1038.70 290.84 0.00
Commercial Office 0.00 0.00 12.55 395.30 262.87 0.00 0.00
Service Apartments 0.00 0.00 22.51 708.98 471.47 0.00 0.00
C&EC 0.00 0.00 13.13 344.65 289.50 60.80 0.00
Total Cost of Construction (INR Mn.) 135.15 1702.95 1154.05 3427.39 2062.54 351.63 0.00Contingencies 6.53 82.27 55.81 167.36 100.93 17.09 0.00