day care center (rs. 1.12 million)

8/12/2019 Day Care Center (Rs. 1.12 Million)

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Pre-Feasibility Study

(Day Care Center)

Small and Medium Enterprises Development Authority

Ministry of Industries & ProductionGovernment of Pakistan

www.smeda.org.pk

HEAD OFFICE

4th Floor, Building No. 3, Aiwan-e-Iqbal Complex, Egerton Road,Lahore

Tel: (92 42) 111 111 456, Fax: (92 42) 36304926-7

[email protected]

REGIONAL OFFICE

PunjabREGIONAL OFFICE

SindhREGIONAL OFFICE

Khyber PakhtunkhwaREGIONAL OFFICE

Balochistan3rdFloor, Building No. 3,

Aiwan-e-Iqbal Complex,

Egerton Road Lahore,

Tel: (042) 111-111-456Fax: (042) 36304926-7

[email protected]

5thFloor, Bahria

Complex II, M.T. Khan Road,

Karachi.

Tel: (021) 111-111-456Fax: (021) 35610572

[email protected]

Ground Floor

State Life Building

The Mall, Peshawar.

Tel: (091) 111-111-456Fax: (091) 5286908

[email protected]

Bungalow No. 15-A

Chaman Housing Scheme

Airport Road, Quetta.

Tel: (081) 2831623, 2831702Fax: (081) 2831922

[email protected]

Note: All SMEDA Services / information related to PM's Youth Business Loan areFree of Cost

May, 2014
mailto:[email protected]:[email protected]:[email protected]://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/mailto:[email protected]:[email protected]


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Pre-feasibility Study Day Care Center (Rs.1.12 Million)

1. DISCLAIMER

This information memorandum is to introduce the subject matter and provide a general

idea and information on the said subject. Although, the material included in this

document is based on data / information gathered from various reliable sources;

however, it is based upon certain assumptions which may differ from case to case. Theinformation has been provided on as is where is basis without any warranties or

assertions as to the correctness or soundness thereof. Although, due care and diligence

has been taken to compile this document, the contained information may vary due to

any change in any of the concerned factors, and the actual results may differ

substantially from the presented information. SMEDA, its employees or agents do not

assume any liability for any financial or other loss resulting from this memorandum in

consequence of undertaking this activity. The contained information does not preclude

any further professional advice. The prospective user of this memorandum is

encouraged to carry out additional diligence and gather any information which is

necessary for making an informed decision, including taking professional advice from aqualified consultant / technical expert before taking any decision to act upon the

information.

For more information on services offered by SMEDA, please contact our website:

www.smeda.org.pk

SMEDA Services / Information related to PMs Youth Business Loan areFREE OF COST 2
http://www.smeda.org.pk/http://www.smeda.org.pk/http://www.smeda.org.pk/


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2. PURPOSEOFTHEDOCUMENT

The objective of the pre-feasibility study is primarily to facilitate potential entrepreneurs

in project identification for investment. The project pre-feasibility may form the basis of

an important investment decision and in order to serve this objective, the document /

study covers various aspects of project concept development, start-up, production,marketing, finance and business management.

The purpose of this document is to facilitate potential investors in Day Care Centerby

providing them a general understanding of the business with the intention of supporting

potential investors in crucial investment decisions.

The need to come up with pre-feasibility reports for undocumented or minimally

documented sectors attains greater imminence as the research that precedes such

reports reveal certain thumb rules; best practices developed by existing enterprises by

trial and error, and certain industrial norms that become a guiding source regarding

various aspects of business set-up and its successful management.Apart from carefully studying the whole document, one must consider critical aspects

provided later on, which form basis of any investment decision.

3. INTRODUCTIONTOSMEDA

The Small and Medium Enterprises Development Authority (SMEDA) was established in

October 1998 with an objective to provide fresh impetus to the economy through

development of Small and Medium Enterprises (SMEs).

With a mission "to assist in employment generation and value addition to the national

income, through development of the SME sector, by helping increase the number, scale

and competitiveness of SMEs", SMEDA has carried out sectoral research to identify

policy, access to finance, business development services, strategic initiatives,

institutional collaboration and networking initiatives.

Preparation and dissemination of prefeasibility studies in key areas of investment has

been a hallmark of SME facilitation by SMEDA.

Concurrent to the prefeasibility studies, a broad spectrum of business development

services is also offered to the SMEs by SMEDA. These services include identification of

experts and consultants and delivery of need based capacity building programs ofdifferent types in addition to business guidance through help desk services.

4. INTRODUCTIONTOSCHEME

Prime Ministers Youth Business Loan, for young entrepreneurs, with an allocated

budget of Rs. 5.0 Billion for the year 2013-14, is designed to provide subsidised



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financing at 8% mark-up per annum for one hundred thousand (100,000) beneficiaries,

through designated financial institutions, initially by The National Bank of Pakistan

(NBP) and The First Women Bank Limited. (FWBL).

Small business loans from Rs. 0.1 million to Rs. 2.0 million with tenure up to 8 years,

inclusive of grace period of 1 year, and a debt : equity of 90 : 10 will be disbursed to

SME beneficiaries across Pakistan, covering; Punjab, Sindh, Khyber Pakhtunkhwah,Balochistan, Gilgit Baltistan, Azad Jammu & Kashmir and Federally Administered Tribal

Areas (FATA).

5. EXECUTIVESUMMARY

Life, today, is characterized by independent family system, need for improved living

standards, quality education for children, etc., resulting in increased pressure on

working women to efficiently manage both their professional and domestic

responsibilities. The demand for day care centers is on the rise, specifically by working

mothers (doctors, business women, government servants, corporate employees,teachers, etc), and the service is deemed as a profitable entrepreneurship opportunity.

Day Care Center is proposed to be located in major cities such as Islamabad, Lahore,

Karachi, Peshawar, Multan, Gujranwala, Sialkot and Quetta etc.

The project features a facility and its ancillary services for children aged 6 months to 5

years in a hygienic and activity based educational environment, facilitated through

trained and educated staff.

The project can be used for a maximum of 30 enrolments, however, keeping in view the

rationale and demand; calculations have been made on the assumption of 23

enrolments for the first year of operations.

Total cost estimate of the project is Rs. 1.12 million with fixed investment of Rs. 0.77

million and working capital of Rs. 0.35 million. Given the cost assumptions, IRR,

payback period and NPV are 47%, 2.39 years and Rs. 2.37 million respectively.

The project will generate direct employment opportunity for 7 persons. Higher return on

investment and a steady growth of business is expected with the entrepreneur

(especially women) having some prior experience in the related field of business.

6. BRIEFDESCRIPTIONOFPROJECT&PRODUCT

The fast paced life of the cities is significantly influencing the life style of its inhabitants.

Economic pressures are compelling both parents to work towards achieving and

sustaining quality life standards. This has further added to complexity and competition

of any metropolitan city. As a result of these social changes, the trend of sending

children to Day Care Centres at a much earlier age is gaining rapid acceptance.



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This pre-feasibility study provides basic information for setting-up a day care centre with

modern learning techniques and extracurricular activities. The proposed centre will offer

a hygienic and efficiently managed care facility for children aged 6 months to 5 years.

The centre would have the maximum capacity of providing service to 30 children;

however, it assumed that 23 enrolments would be made during first year of its

operation.The proposed centre is recommended to be established in a rented building/house

having around 3,000 sq.ft., covered area with a reasonable front / back yard.

The total project cost for setting up this centre is estimated at Rs. 1.12 million, out of

which, the capital cost is estimated at Rs. 0.77 million and working capital of Rs. 0.35

million. The project is financed through 90% debt and 10% equity. The project NPV is

around Rs. 2.37 million with an IRR of 47% and payback period of 2.39 years.

7. CRITICALFACTORS

The proposed project has following factors critical to success;

Secured, hazard free, and kids friendly environment is provided at center.

Interior of Center should be designed to attract kids attention and promote

learning. Like colorful walls with educational material, pasting theme oriented

chart papers, and any other cost effective mode deem appropriate.

Developing plan of daily activities of enrolled kids.

Extra care should be given to keep the place hygienic, and clean.

Location of the center in a commercial area. Opening of center with proper launch and promotional material.

Hiring of a well-trained / experienced care provider for kids.

Establishment of the Center in a rented building to reduce the project cost.

Parents are informed immediately in case of strike, kid is unwell (fever, flue,

diarrhea, etc.), diaper rash and any other observation important for child

development.

Frequent interaction between care provider and parent.

8. INSTALLED&OPERATIONALCAPACITIES

It is proposed that infants of age more than 6 months and children of ages up to 5 years

may be enrolled in the center. The centre will have a maximum capacity of 30

enrolments. Initially, the overall utilization in the first year of operation would be 75%



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(i.e. 23 kids would be enrolled). This initial capacity is assumed to grow at a constant

rate of 5% in subsequent years.

9. GEOGRAPHICALPOTENTIALFORINVESTMENT

The increasing population and high concentration of educated / working class in major

cities like Karachi, Lahore, Islamabad, Peshawar, Quetta, Multan, Gujranwala, etc.,offers a very lucrative business opportunity for opening up well planned Day Care

Centres. However, it is recommended that the centre should be located in an easily

approachable location, in line with the selected target market.

10. POTENTIALTARGETMARKETS&CITIES

The target market for the proposed centre is working couple having infants of age more

than 6 months to children of ages up to 5 years. The business community also has a

positive response towards the idea of day care center due to their busy schedules and,

therefore, can be targeted as potential customers.Keeping in view the economic and social factors, it is recommended that the proposed

project may be established in major cities such as Islamabad, Lahore, Quetta, Karachi,

Multan, and Peshawar. However the project may also be opened in other cities and

towns after careful market analysis.

11. PROJECTCOSTSUMMARY

A detailed financial model has been developed to analyze the commercial viability of

Day Care Center under the Prime Ministers Youth Business Loan. Various cost and

revenue related assumptions along with results of the analysis are outlined in thissection. The projected Income Statement, Cash Flow Statement and Balance Sheet are

attached as appendices.

11.1 Project Economics

The proposed venture has the capacity of 30 enrolments, however, a target of 23

enrolments is assumed in year 01 of the proposed center. The following table shows

internal rate of return and payback period.

Table 1: Project Economics

Description DetailsInternal Rate of Return (IRR) 47%

Payback Period (yrs) 2.39

Net Present Value (NPV) Rs. 2,371,782



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Returns on the scheme and its profitability are highly dependent on the efficiency of

operations, location, staff, hygienic environment, safety, curricular and extracurricular

activities, etc.

11.2 Project Financing

Following table provides details of the equity required and variables related to bank

loan;

Table 2: Project Financing

Description Details

Total Equity (10%) Rs.112,385

Bank Loan (90%) Rs.1,011,466

Markup to the Borrower 8%

Tenure of the Loan (Years) 8

Grace period (year) 1

11.3 Project Cost

Following requirements have been identified for operations of the proposed business.

Table 3: Capital Investment for the Project

Capital Investment Amount (Rs.)

Office Equipment 27,500

Furniture & Fixtures 452,000

Machinery & Equipment 252,500

Pre Operating Cost 42,855

Total Capital Costs 774,855

Upfront Building Rent 240,000

Cash 108,996

Initial Working Capital 348,996

Total Project Cost 1,123,851

11.4 Space Requirement

It is recommended that the proposed project should be established in a rented building,

preferably lower portion of a house having an area of 3,000 sq.ft. with two bedrooms



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and attached bath, one drawing / dining room, one kitchen and a reasonable front /

back yard. The rent for the building is estimated at Rs. 40,000 per month.

11.5 Equipment Requirement

The basic requirements for a day care center include activity based equipment foroutdoor/play area activities (slides, merry-go-round and swings etc.), equipment for

indoor activities (soft boards, books, paints, char papers, colours, blocks, educational

toys, etc.), kitchen equipment (microwave, refrigerator, utensils, etc.), entertainment

equipment (LCD., DVD player) and sleeping cots / beds, all of which are readily

available in the local market. Details of the equipment are given as below;

Table 4: Equipment Required for Center and Office

Equipment Details Qty Cost/Unit Total Cost

Slide (iron) 1 15,000 15,000

Merry-go-round 1 20,000 20,000

Swings (Outdoor) (3 seater) 1 30,000 30,000

Baby eating seat 2 8,000 16,000

Baby rocker / swing chair 2 4,000 8,000

Sleeping cot 3 10,000 30,000

Mattress 4 8,000 32,000

Soft boards 1 1,500 1,500

Burner stove 1 3,000 3,000

Microwave 1 12,000 12,000

Refrigerator 1 25,000 25,000

Kitchen utensils 10,000 10,000

Miscellaneous (books, colors, paints, toys, 50,000 50,000

Total 252,500

11.6 Furniture & Fixtures Requirement

Furniture & fixtures requirement for the project is detailed as under:

Table 5: Furniture & Fixture Detail



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Description Qty Cost/Unit Total Cost

(Rs.)

Office chairs 2 2,500 5,000

Office table 1 8,000 8,000

Sofa cum bed 2 15,000 30,000

Seating chairs (children) 27 2,000 54,000

Study table (indoor) 2 10,000 20,000

Book rack (Library) 2 5,000 10,000

Eating table (8 chairs) 2 15,000 30,000

Carpeting & Furnishings 3,000 30 90,000

Electric wiring & lighting 1 10,000 10,000

LCD 1 40,000 40,000

DVD Player 1 10,000 10,000

Air conditioners (1.5 ton window) 2 50,000 100,000

UPS (3KVA) with batteries 1 45,000 45,000

Total Furniture & Fixtures 452,000

11.7 Human Resource Requirement

The manpower required for operating the Day Care Center is as follows:

Table 6: Human Resource Detail

Description Quantity Monthly Salary /employee (Rs.) Total Monthly Salary(Rs.)

Owner / Manager 1 15,000 15,000

Nannies1 4 11,000 44,000

Helper / Junior staff 1 10,000 10,000

Guard 1 10,000 10,000

Total 7 79,000

It is highly recommended that nannies should be qualified females so that parents can

be assured of about their childs proper care and safety. The nannies should be at least

intermediate pass with good communication skills and empathy for children, and

preferably trained for childcare. Moreover, the owner/manager should develop a daily

plan for kids activities including:

1It is assumed that 1 nanny is required for 5-6 children.



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One hour circle time daily full of action, music and fun for kids (covering nursery

rhymes, alphabets/colors/number recognition songs and physical moves acted

together kids and caregivers)

Colouring, pasting, and painting activities

Share with kids concept of different festivals of Pakistan (Pakistan day, Eid, Iqbal

Day, Quaid-e-Azam Day, etc) Also give them other basic ideas regarding family, places, senses, body parts,

manners, greetings, sharing, seasons, days, transport, animals, etc.

Play time (indoor & outdoor)

Nap time

Dinning (Breakfast, lunch, tea time, and for infants feed every 2 hours)

Diaper change every 3-4 hours or as desired.

Each child Parent be asked to send a daily diary to record daily report of their child. This

will include recording child meal times and quantity eaten, milk/ water intake time and

ounces consumed, theme of the week, diaper changes, any unusual occurrence (fever,

vomit, fight, etc).

11.8 Revenue Generation

It is proposed that infants of more than 6 months of ages to children of 5 years of ages

be enrolled in the center. The project would have a total capacity of 30 enrollments.

However, keeping in view market research and analysis, it is assumed that project

capacity would be 23 enrolments in year 01 of its operation.

Table 7: Revenue Detail

Fees / month (Rs./Unit) First Year

Enrolment

Monthly Revenue

(Rs)

8,000 23 184,000

Annual Revenue 2,208,000

11.9 Other Costs

The primary overhead cost of the project would be utilities comprising electricity, gas &

water, whereas cost of fuel must be kept in mind for generator expenses.

12. CONTACT DETAILS OF DAY CARE CENTRE EQUIPMENT

SUPPLIERS

Below is the list of major suppliers of Children Toys for Day Care Center:



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Babyland Toys

1st Floor, Sheikh Innayat-Ullah Building,

Liberty Market, Gulberg 3,

Lahore, Pakistan

Tel: 042-35757468, Mob: 0336-4050607

www.babyland.com

Kaymu Toys

Arfa Software Technology Park

Ferozpur Road, Lahore, Pakistan

Tel: 042 - 35972162

www.kaymu.pk

Other local wholesale market in different cities maybe contacted for the said purpose.

http://www.babyland.com/http://www.babyland.com/http://www.babyland.com/


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13. ANNEXURE

13.1 Income Statement

Income Statement

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Revenue 2,208,000 2,534,400 3,020,160 3,449,952 3,794,947 4,174,442 4,591,886 5,051,075 5,556,182 6,111,800

Cost of sales

Operation costs 1 (direct labor) 828,000 910,800 1,001,880 1,277,760 1,405,536 1,546,090 1,700,699 1,870,768 2,057,845 2,263,630

Total cost of sales 828,000 910,800 1,001,880 1,277,760 1,405,536 1,546,090 1,700,699 1,870,768 2,057,845 2,263,630Gross Profit 1,380,000 1,623,600 2,018,280 2,172,192 2,389,411 2,628,352 2,891,188 3,180,306 3,498,337 3,848,171

General administration & selling expenses

Administration expense 120,000 132,000 145,200 159,720 175,692 193,261 212,587 233,846 257,231 282,954

Building rental expense 480,000 528,000 580,800 638,880 702,768 773,045 850,349 935,384 1,028,923 1,131,815

Electricity expense 240,000 264,000 290,400 319,440 351,384 386,522 425,175 467,692 514,461 565,907

Water expense 24,000 26,400 29,040 31,944 35,138 38,652 42,517 46,769 51,446 56,591

Gas expense 12,000 13,200 14,520 15,972 17,569 19,326 21,259 23,385 25,723 28,295

Promotional expense 110,400 126,720 151,008 172,498 189,747 208,722 229,594 252,554 277,809 305,590

Depreciation expense 75,950 75,950 75,950 75,950 75,950 192,768 192,768 192,768 192,768 192,768

Amortization of pre-operating costs 8,571 8,571 8,571 8,571 8,571 - - - - -

Miscellaneous expense 1 18,000 19,800 21,780 23,958 26,354 28,989 31,888 35,077 38,585 42,443

Subtotal 1,088,921 1,194,641 1,317,269 1,446,933 1,583,174 1,841,286 2,006,138 2,187,475 2,386,946 2,606,363

Operating Income 291,079 428,959 701,011 725,259 806,237 787,066 885,049 992,831 1,111,391 1,241,807

Earnings Before Interest & Taxes 291,079 428,959 701,011 725,259 918,237 787,066 885,049 992,831 1,111,391 1,241,807

Interest expense on long term debt (Project Loan) 57,881 52,991 46,563 39,602 32,063 23,899 15,057 5,481 - -

Interest expense on long term debt (Working Capital Loan) 26,070 23,867 20,972 17,837 14,441 10,764 6,782 2,468 - -

Subtotal 83,951 76,858 67,536 57,439 46,505 34,663 21,838 7,949 - -

Earnings Before Tax 207,128 352,101 633,475 667,820 871,733 752,403 863,211 984,882 1,111,391 1,241,807

Tax - - 23,348 26,782 53,260 35,360 51,982 70,232 89,209 108,771

NET PROFIT/(LOSS) AFTER TAX 207,128 352,101 610,128 641,038 818,473 717,043 811,230 914,650 1,022,183 1,133,036

SMEDA Services / Information related to PMs Youth Business Loan are FREE OF COST 12


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13.2 Balance Sheet

Balance Sheet

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Current assets

Cash & Bank 108,996 376,645 674,546 1,218,511 1,780,386 1,326,674 2,043,317 2,837,456 3,716,875 4,880,380 6,772,092

Pre-paid building rent 240,000 264,000 290,400 319,440 351,384 386,522 425,175 467,692 514,461 565,907 -

Total Current Assets 348,996 640,645 964,946 1,537,951 2,131,770 1,713,196 2,468,491 3,305,148 4,231,336 5,446,287 6,772,092

Fixed assets

Machinery & equipment 252,500 227,250 202,000 176,750 151,500 532,904 466,988 401,073 335,158 269,242 203,327

Furniture & fixtures 452,000 406,800 361,600 316,400 271,200 953,951 835,955 717,960 599,965 481,970 363,975

Office equipment 27,500 22,000 16,500 11,000 5,500 44,289 35,431 26,573 17,716 8,858 -

Total Fixed Assets 732,000 656,050 580,100 504,150 428,200 1,531,143 1,338,375 1,145,607 952,839 760,070 567,302

Intangible assets

Pre-operation costs 42,855 34,284 25,713 17,142 8,571 - - - - - -

Total Intangible Assets 42,855 34,284 25,713 17,142 8,571 - - - - - -

TOTAL ASSETS 1,123,851 1,330,979 1,570,759 2,059,243 2,568,541 3,244,340 3,806,866 4,450,755 5,184,175 6,206,358 7,339,394

Long term debt (Project Loan) 697,370 697,370 619,929 536,060 445,230 346,861 240,327 124,952 - - -

Long term debt (Working Capital Loan) 314,096 314,096 279,217 241,442 200,532 156,227 108,244 56,278 - - -

Total Long Term Liabilities 1,011,466 1,011,466 899,145 777,502 645,762 503,087 348,571 181,230 - - -

Shareholders' equity

Paid-up capital 112,385 112,385 112,385 112,385 112,385 112,385 112,385 112,385 112,385 112,385 112,385

Retained earnings 207,128 559,229 1,169,356 1,810,394 2,628,867 3,345,910 4,157,140 5,071,790 6,093,973 7,227,009

Total Equity 112,385 319,513 671,614 1,281,741 1,922,780 2,741,252 3,458,295 4,269,525 5,184,175 6,206,358 7,339,394

TOTAL CAPITAL AND LIABILITIES 1,123,851 1,330,979 1,570,759 2,059,243 2,568,541 3,244,340 3,806,866 4,450,755 5,184,175 6,206,358 7,339,394

Liabilities & Shareholders' Equity

Assets



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13.3 Cash Flow Statement

Cash Flow Statement

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Operating activities

Net profit 207,128 352,101 610,128 641,038 818,473 717,043 811,230 914,650 1,022,183 1,133,036

Add: depreciation expense 75,950 75,950 75,950 75,950 75,950 192,768 192,768 192,768 192,768 192,768

amortization of pre-operating costs 8,571 8,571 8,571 8,571 8,571 - - - - -

Deferred income tax - - - - - - - - - -

Pre-paid building rent (240,000) (24,000) (26,400) (29,040) (31,944) (35,138) (38,652) (42,517) (46,769) (51,446) 565,907

Cash provided by operations (240,000) 267,649 410,222 665,609 693,615 867,855 871,159 961,481 1,060,649 1,163,505 1,891,712

Financing activities

Project Loan - principal repayment - (77,441) (83,869) (90,830) (98,369) (106,533) (115,376) (124,952) - -

Working Capital Loan - principal repayment - (34,880) (37,775) (40,910) (44,305) (47,983) (51,965) (56,278) - -Additions to Project Loan 697,370 - - - - - - - - - -

Additions to Working Capital Loan 314,096 - - - - - - - - - -

Issuance of shares 112,385 - - - - - - - - - -

C ash p ro vided by / (u sed fo r) f in an cing act iv it ie s 1 ,1 23 ,8 51 - (112,321) (121,644) (131,740) (142,674) (154,516) (167,341) (181,230) - -

Investing activities

Capital expenditure (774,855) - - - - (1,178,893) - - - - -

Acquisitions

C ash (used fo r) / p ro vided b y inv es ting ac tivi ti es (77 4,85 5) - - - - (1,178,893) - - - - -

NET CASH 108,996 267,649 297,901 543,965 561,875 (453,712) 716,643 794,140 879,419 1,163,505 1,891,712



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13.4 Useful Project Management Tips

Human Resources

Adequacy & Competencies: Skilled and experienced staff should be considered an

investment even to the extent of offering share in business profit.

Performance Based Remuneration:Attempt to manage human resource cost should

be focused through performance measurement and performance based compensation.

Marketing

Ads & P.O.S. Promotion:Business promotion and dissemination through banners, and

launch events is highly recommended. Product brochures from good quality service

providers. Also, have facebook page which is updated regularly.

13.5 Useful Links

Prime Ministers Office,www.pmo.gov.pk

Small and Medium Enterprise Development Authority,www.smeda.org.pk

The National Bank of Pakistan (NBP),www.nbp.com.pk

The First Women Bank Limited (FWBL),www.fwbl.com.pk

Government of Pakistan,www.pakistan.gov.pk

Ministry of Industries & Production,www.moip.gov.pk

Ministry of Education, Training & Standards in Higher Education,http://www.moptt

Government of Punjab,www.punjab.gov.pk

Government of Sindh,www.sindh.gov.pk

Government of Khyber Pakhtunkhwa,www.khyberpakhtunkhwa.gov.pk

Government of Balochistan,www.balochistan.gov.pk

Government of Gilgit Baltistan,www.gilgitbaltistan.gov.pk

Government of Azad Jammu & Kashmir,www.ajk.gov.pk

Trade Development Authority of Pakistan (TDAP),www.tdap.gov.pk

Securities & Exchange Commission of Pakistan (SECP),www.secp.gov.pk

http://www.pmo.gov.pk/http://www.pmo.gov.pk/http://www.pmo.gov.pk/http://www.smeda.org.pk/http://www.smeda.org.pk/http://www.smeda.org.pk/http://www.nbp.com.pk/http://www.nbp.com.pk/http://www.nbp.com.pk/http://www.fwbl.com.pk/http://www.fwbl.com.pk/http://www.fwbl.com.pk/http://www.pakistan.gov.pk/http://www.pakistan.gov.pk/http://www.pakistan.gov.pk/http://www.moip.gov.pk/http://www.moip.gov.pk/http://www.moip.gov.pk/http://www.moptt/http://www.moptt/http://www.moptt/http://www.punjab.gov.pk/http://www.punjab.gov.pk/http://www.punjab.gov.pk/http://www.sindh.gov.pk/http://www.sindh.gov.pk/http://www.sindh.gov.pk/http://www.khyberpakhtunkhwa.gov.pk/http://www.khyberpakhtunkhwa.gov.pk/http://www.khyberpakhtunkhwa.gov.pk/http://www.balochistan.gov.pk/http://www.balochistan.gov.pk/http://www.balochistan.gov.pk/http://www.gilgitbaltistan.gov.pk/http://www.gilgitbaltistan.gov.pk/http://www.gilgitbaltistan.gov.pk/http://www.ajk.gov.pk/http://www.ajk.gov.pk/http://www.ajk.gov.pk/http://www.tdap.gov.pk/http://www.tdap.gov.pk/http://www.tdap.gov.pk/http://www.secp.gov.pk/http://www.secp.gov.pk/http://www.secp.gov.pk/http://www.secp.gov.pk/http://www.tdap.gov.pk/http://www.ajk.gov.pk/http://www.gilgitbaltistan.gov.pk/http://www.balochistan.gov.pk/http://www.khyberpakhtunkhwa.gov.pk/http://www.sindh.gov.pk/http://www.punjab.gov.pk/http://www.moptt/http://www.moip.gov.pk/http://www.pakistan.gov.pk/http://www.fwbl.com.pk/http://www.nbp.com.pk/http://www.smeda.org.pk/http://www.pmo.gov.pk/


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Federation of Pakistan Chambers and Commerce and Industries (FPCCI),

www.fpcci.com.pk

State Bank of Pakistan (SBP),www.sbp.org.pk

All Pakistan Private Schools Welfare Association (APPSWA),www.appswa.com.pk

Montessori Education Pakistan,www.montesoori.edu.pk

Pakistan Montessori Association, www.pakistanmontessoriassociation.org/

http://www.fpcci.com.pk/http://www.fpcci.com.pk/http://www.sbp.org.pk/http://www.sbp.org.pk/http://www.sbp.org.pk/http://www.appswa.com.pk/http://www.appswa.com.pk/http://www.appswa.com.pk/http://www.montesoori.edu.pk/http://www.montesoori.edu.pk/http://www.montesoori.edu.pk/http://www.montesoori.edu.pk/http://www.appswa.com.pk/http://www.sbp.org.pk/http://www.fpcci.com.pk/


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14. KEYASSUMPTIONS

Particular Assumptions

Sales Price Growth Rate 10 % per year

Capacity Utilization Growth Rate 5 % per year

Increase in utilities (Electricity/Water/Gas) 10 % per year

Debt / Equity Ratio 90 : 10

Depreciation Rate

Machinery & Furniture 10 % per year

Office Equipment 20 % per year

Loan Period 8 Years inclusive of 1 year grace period

Loan installments Monthly

Enrolment Capacity 30

Enrolment Capacity Year 1 23

Financial Charges (Loan Rate) 8 % per year


day care center (rs. 1.12 million)

Documents