Академический Документы
Профессиональный Документы
Культура Документы
HIGH SCHOOL
HEAD OFFICE
6th Floor LDA Plaza, Egerton Road, Lahore 54000, Pakistan
P P
June 2010
Pre-Feasibility Study High School
DISCLAIMER
The purpose and scope of this information memorandum is to introduce the subject
matter and provide a general idea and information on the said area. All the material
included in this document is based on data/information gathered from various
sources and is based on certain assumptions. 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 does not assume any liability for any
financial or other loss resulting from this memorandum in consequence of
undertaking this activity. The prospective user of this memorandum is encouraged to
carry out additional diligence and gather any information he/she feels necessary for
making an informed decision.
For more information on services offered by SMEDA, please contact our website:
www.smeda.org.pk
HTU UTH
DOCUMENT CONTROL
Document No. PREF-50
Revision 3
Prepared by SMEDA-Punjab
Issue Date August, 2002
Revised on June, 2010
Issued by Library Officer
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
1
TU UT EXECUTIVE SUMMARY ................................................................................ 4
TU UT
2
TU UT INTRODUCTION TO SMEDA ........................................................................ 5
TU UT
3
TU UT PURPOSE OF THE DOCUMENT ................................................................... 5
TU UT
4
TU UT CRUCIAL FACTORS & STEPS IN DECISION MAKING ......................... 6
TU UT
4-1
TU UT SWOT ANALYSIS ............................................................................................ 6
TU UT
5
TU UT PROJECT PROFILE ......................................................................................... 7
TU UT
5-1
TU UT OPPORTUNITY RATIONALE .............................................................................. 7
TU UT
5-2
TU UT PROJECT BRIEF................................................................................................ 9
TU UT
5-3
TU UT PROJECT COST .............................................................................................. 10
TU UT
5-4
TU UT PROJECT RETURNS ........................................................................................ 10
TU UT
5-5
TU UT VIABLE SIZE.................................................................................................. 10
TU UT
5-6
TU UT PROPOSED CAPACITY AND PRODUCT MIX..................................................... 10
TU UT
5-7
TU UT PROPOSED BUSINESS LEGAL STATUS ............................................................ 11
TU UT
6
TU UT INDUSTRY ANALYSIS .................................................................................. 11
TU UT
7
TU UT MARKET ANALYSIS ..................................................................................... 14
TU UT
8
TU UT KEY SUCCESS FACTORS ............................................................................. 14
TU UT
9
TU UT REGULATIONS ............................................................................................... 15
TU UT
10
TU UT HUMAN RESOURCE .................................................................................. 16
TU UT
11
TU UT EQUIPMENT/FURNITURE REQUIREMENT ........................................ 16
TU UT
12
TU UT INFRASTRUCTURE .................................................................................... 19
TU UT
13
TU UT FINANCIAL ANALYSIS ............................................................................. 21
TU UT
13-1
TU UT PROJECT DETAIL ........................................................................................ 21
TU UT
13-2
TU UT PROJECTED INCOME STATEMENT ............................................................... 22
TU UT
13-3
TU UT PROJECTED BALANCE SHEET ..................................................................... 23
TU UT
13-4
TU UT PROJECTED CASH FLOW STATEMENT ........................................................ 24
TU UT
13-5
TU UT FEE INCOME ............................................................................................... 25
TU UT
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
13-6
TU UT ESTIMATED EXPENSES ............................................................................... 27
TU UT
13-7
TU UT SUBJECT DETAIL ........................................................................................ 29
TU UT
14
TU UT KEY ASSUMPTIONS................................................................................... 30
TU UT
14-1
TU UT FINANCIAL ASSUMPTIONS.......................................................................... 30
TU UT
14-2
TU UT MISCELLANEOUS ASSUMPTIONS ................................................................ 30
TU UT
15
TU UT ANNEXURE .................................................................................................. 31
TU UT
1)
TU UT School Furniture Suppliers and Markets .................................................. 31
TU UT
2)
TU UT IT Equipment Markets .............................................................................. 31
TU UT
3)
TU UT Electrical Equipment and Appliances Suppliers and Markets ................. 31
TU UT
4)
TU UT Educational Experts/Consultants ............................................................. 32
TU UT
5)
TU UT Tax deduction income slabs ...................................................................... 33
TU UT
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
1 EXECUTIVE SUMMARY
This SME venture entails establishing a high school in Lahore, the second largest
city of Pakistan. The school will be catering to children of middle to low income
economic stratum, recognizing the need for a high caliber yet low-cost institute.
Being cognisant of the financial constraints of most parents, the school will charge
an affordable fee. The school will practice advanced educational procedures – using
modern teaching methodology, covering an extensive curriculum which is up-to-date
with international standards, and hiring qualified and experienced faculty. The
school will have state-of-art infrastructural facilities including spacious classrooms,
well-equipped science and computer laboratories, and a resourceful library.
The total project cost for setting up this school is estimated at Rs. 6.367 million. The
project is financed through 50% debt and 50% equity. The project NPV is around
Rs. 14.736 million, with an IRR of 65% and payback period of 2.38 years. The legal
business status of this project is proposed as ‘Sole Proprietorship’.
The overall proposed capacity of the school is 735 students. Each class level from
Nursery – Matriculation has two sections. The maximum number of enrollments per
class is limited to 30 students, to keep a manageable student-teacher ratio and to
allow maximum attention for each student. The proposed building will be acquired
on rent, covering an area of 3-Kanals to accommodate the proposed student strength.
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
2 INTRODUCTION TO SMEDA
The Small and Medium Enterprises Development Authority (SMEDA) was
established with the objective to provide fresh impetus to the economy through the
launch of an aggressive SME support program.
Since its inception in October 1998, SMEDA had adopted a sectoral SME
development approach. A few priority sectors were selected on the criterion of SME
presence. In depth research was conducted and comprehensive development plans
were formulated after identification of impediments and retardants. The all-
encompassing sectoral development strategy involved recommending changes in the
regulatory environment by taking into consideration other important aspects
including finance, marketing, technology and human resource development.
SMEDA has so far successfully formulated strategies for industries such as
horticulture, including export of fruits and vegetables, marble and granite, gems and
jewelry, marine fisheries, leather and footwear, textiles, surgical instruments,
transport, dairy etc. Whereas the task of SME development at a broader scale still
requires more coverage and enhanced reach in terms of SMEDA’s areas of
operation.
Along with the sectoral focus a broad spectrum of business development services is
also offered to the SMEs by SMEDA. These services include identification of viable
business opportunities for potential SME investors. In order to facilitate these
investors, SMEDA provides business guidance through its help desk services as well
as development of project specific documents. These documents consist of
information required to make well-researched investment decisions. Pre-feasibility
studies and business plan development are some of the services provided to enhance
the capacity of individual SMEs to exploit viable business opportunities in a better
way.
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
5 PROJECT PROFILE
(Billion Rs.)
Year Current Development Public sector % of GDP % of Total
Expenditure
2000-01 69.5 6.4 75.9 1.82 10.6
2001-02 70.4 8.5 78.9 1.79 9.5
2002-03 79.5 10.4 89.9 1.86 10.0
2003-04 94.3 29.9 124.2 2.20 13.0
2004-05 106.6 33.4 140.0 2.15 12.5
1
TP Source: Economic Survey of Pakistan 2008-2009
PT
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
Although, traditionally, private schools had been a luxury only the rich can afford,
this is not necessarily the case in current re-emergence of the private sector in
Pakistan's education system.
Keeping in view the significant role of the private sector in promotion of education
at various levels, Pakistani Government has introduced the concept of Public-Private
Partnership. Government incentives to private sector educational institutions are:3 TP PT
2
TP PT Private sector data is estimated
3
TP PT Education sector reforms Action Plan 2001- 2005 (http://www.moe.gov.pk/esrdocs.htm)
4
TP PT Pakistan Education Statistics, 2007-08 (www.moe.gov.pk)
8
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
Enrollment Enrollment
Primary level Middle level
Private
Schools
Private
*
Schools
29%
*
31%
Govt.
Schools
Govt. 69%
Schools
71%
Enrollment Enrollment
Secondary level Higher Secondary level
Private
Private
Schools
Schools
*
* 18%
29%
Govt.
Govt. Schools
Schools 82%
71%
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
10
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
6 INDUSTRY ANALYSIS
In Pakistan, education remains inequitably distributed among various income groups
and regions. Literacy and participation rates are below those in other South Asian
countries with similar level of economic development. Due to financial constraints
and requirement of managerial capacity, education targets have remained
unaccomplished. Programs approved by the Government were not completed
because of inadequate resource allocation. The slow implementation of
programs/projects undermined the efficiency of the system at all levels, significantly
in terms of qualitative improvement.
Education is the key to change and progress and the Government of Pakistan has
adopted this sector as one of the pillars for poverty reduction and benefit of masses.
The Government is committed to provide best educational facilities to its people
within the minimum possible time, by introducing its incentive for private
investment and the concept of Public-Private partnership as described earlier in the
report. The Education system of Pakistan is divided into the following tiers:
Table 6-1: Education System in Pakistan5 TP PT
5
TP PT Educational Guide of Pakistan (2007-08)
11
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
According to Pakistan Social and Living Measurement (PSLM) Survey, the over all
literacy rate, in 2007-08 was 56% compared to 55% in 2006-07. Literacy remains
higher in urban areas (71%) than in rural areas (49%) and more in men (69%)
compared to women (44%).6 Comparatively high incidence of illiteracy among
TP PT
female may be due to pervasive gender inequality and limited access to the available
educational facilities. A comparative picture of literacy rates of both sexes by
province and rural/urban division is given in table below:
Table 6-2 Literacy Rates in Percentage7 TP PT
6
TP PT Economic Survey of Pakistan 2008-09 (www.finance.gov.pk)
7
TP PT Economic Survey of Pakistan 2008-09 (www.finance.gov.pk)
8
TP PT Pakistan Education Statistics, 2007-08 (www.moe.gov.pk)
12
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
At the middle school level 489 new schools have been established since July 2007.
The number of middle schools in 2007-2008 is now 40,829 both in rural and urban
with 320,609 teachers functional and total enrollment of 5.362 million students,
giving a student-teacher ratio of 17:1.
Table 6-4 Total Middle Schools and Enrollment
Schools Enrollment
Urban Rural Total Urban Rural Total
Public Sector 1,994 13,708 15,702 1,278,565 2,314,842 3,593,407
Private Sector 12,823 12,024 24,847 1,096,995 571,548 1,668,543
Other Public 238 42 280 88,133 12,635 100,768
Total 15,055 25,774 40,829 2,463,693 2,899,025 5,362,718
With 353 new schools added since July 2007 a total of 23,964 secondary schools
with 374,249 teachers are functional in 2007-08. Total student enrollment is 2.426
million giving an approximate student-teacher ratio of 7:1.
Table 6-5 Total High Schools and Enrollment
Schools Enrollment
Urban Rural Total Urban Rural Total
Public Sector 2,528 7,059 9,587 809,765 858,855 1,668,620
Private 9,583 4,470 14,053 532,285 170,661 702,946
Other Public 270 54 324 47,533 7,156 54,689
Total 12,381 11,583 23,964 1,389,583 1,036,672 2,426,255
As shown in the tables above, with the exception of primary level schools, the
numbers of school under the private sector category are more than in the public
sector. Irrespective, the number of enrollments are higher in the public sector
schools. It is evident from these figures that most of Pakistan’s population, despite
the availability, cannot afford private schools. Conclusively, quality education is a
9
Other public sector means institutions managed by Ministries/Divisions/ Department other than the
TP PT
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
luxury only few can afford. The best schools of Lahore not only charge a high tuition
fee but also have limited admissions and majority of children have to settle for
substandard quality of education.
7 MARKET ANALYSIS
Currently three categories of schools are being run in Pakistan, catering to three
main segments of the market: high, middle and low income groups. The schools,
which serve the high-income groups, are running in the private sector. These schools
usually charge fee in the range of Rs. 4000 to Rs. 12,000 per month per student e.g.
Lahore Grammar School, Beaconhouse School System, National Grammar School
and Aitchison etc. These schools have large facilities and enjoy a high repute due to
their modern system of education, use of advanced teaching techniques and qualified
and specialized faculty. Most private schools fall in the second category (middle
income) having a monthly fee range from Rs. 2500 to Rs. 4000 e.g. Convent of Jesus
& Mary and Defence Public School. The third category is the low-income group
with a monthly fee between Rs. 500 to Rs. 2500, e.g. Educators and Cathedral. Most
schools belonging to this category have facilities even less than the minimum
requirement. These schools have less space per student and high student teacher
ratio.
This proposed school caters to the needs of children of middle income group. There
is stiff competition amongst the school running in the market. Parents are curious
about the future of their children so they contemplate extensively before admitting
their children in any school. Following are the main factors (not conclusive) on the
basis of which parents make their choice of schools.
1. Distance from home
2. School track record/history
3. General reputation
4. Tuition Fee
5. Qualification and experience of the school head and other faculty.
6. Physical infrastructural facilities.
7. Courses offered and medium of instruction.
Besides the above, there are some other subjective, social and status considerations
which also play an important role in parent’s decision making.
14
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
Children entering school in nursery, prep, class 1, and class 2, from age three to
seven, are capable of learning and absorbing material very quickly. At this level,
experienced and qualified teachers are mandatory to the development of the child’s
communication and social skills.
A well qualified faculty sets an institution apart from all others. Teachers that are
willing to work intensively with students to induce an atmosphere of learning would
be an asset to any school.
The importance of training the teaching staff cannot be emphasized enough. Teacher
trainings should be a regular practice to ensure consistent quality of education.
Additionally, the success of a school hinges on the dedication, competence and
constant supervision by the principal, who should evaluate the performance of
teachers and students through regular checks.
Introducing English at an early stage is a feature especially attractive to parents.
"English medium" schooling is sought after by parents of all income groups. Parents
can perceive the opportunities the knowledge of English can open up for their
children.
In addition to the above factors, the teacher student ratio should be kept at minimum
level. The area of the classrooms should be in line with the number of students in
each classroom. Moreover, the classrooms should be substantially ventilated.
For pre-school students, classrooms should be well equipped with teaching as well as
extracurricular activity aids.
Parents are conscious about the well being and safety of their children at schools,
therefore, it is suggested that the school ensures security. The school should
preferably be located in a less populated area or at a location with minimum traffic
flow.
Teacher parent interaction should also be a regular feature of the education system.
9 REGULATIONS
The schools are required to be registered with the Education Department (Provincial)
in the office of Education Directorate Schools. The application is to be submitted on
a prescribed form and can be obtained from the department.
The next process is the recognition of institution from the relevant Board of
Intermediate and Secondary Education (BISE). The detailed regulations, rules and
requirement of minimum infrastructural facilities along with application form can be
obtained from the BISE office. Contact Information of BISE is given below:
Board of Intermediate & Secondary Education
Address: 86 Mozang Road, Lahore.
Phone No: (92) (42) 99200192-197
Fax No: (92) (42) 99200113
15
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
10 HUMAN RESOURCE
The quality of Human Resource ensures success and survival of any organization.
Hiring quality human resource will ascertain success of this high school. For
progression of the school it is important to manage human resource systematically
and efficiently. The qualification and experience of the staff should be well
scrutinized. The number of administration and maintenance staff remain the same for
the ten year time period. Experienced teachers and subject specialist are hired yearly,
as students add up and consequently additional sections become operational. Key
personnel proposed for the school and their salary structure are given in table 10-1:
Table 10-1 Staff Acquisition Plan based on first year requirement
11 EQUIPMENT/FURNITURE REQUIREMENT
Detail of total equipment/furniture requirement and investment for the project is
given below. Supplier information of equipment and furniture is provided in the
Annexure.
Table 11-1 IT Equipment
IT EQUIPMENT Quantity Unit Cost Amount (Rs.)
Computers - office 4 25,000 100,000
Computers - laboratory 15 25,000 375,000
Networking Cost Lump sum 50,000 50,000
16
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
17
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
Staffroom
Long table 1 20,000 20,000
Chairs 24 1,500 35,250
Cupboard 2 7,500 15,000
Softboard 2 1,800 3,600
Admin block
Table 1 2,500 2,500
Chairs 2 1,500 3,000
Cupboard 1 7,500 7,500
Nursery & Prep Class
Round Tables 23 2,000 45,000
Chairs 135 800 108,000
Junior Section
Student desk and chair 240 2,000 480,000
Senior Section
Student desk and chair 360 2,000 720,000
Classroom
Cupboard 25 5,000 122,500
Whiteboard 25 2,200 53,900
Teacher Table and chair 25 2,500 61,250
Computer Laboratory
Computer Tables 15 1,500 22,500
Chairs 30 1,500 45,000
Cupboard 1 5,000 5,000
Softboard 1 1,800 1,800
Whiteboard 1 2,200 2,200
Science Laboratory
Long tables 6 15,000 90,000
Stools 60 800 48,000
Storage Cupboard 4 7,500 30,000
Whiteboard 1 2,200 2,200
Softboard 1 1,800 1,800
Library
Large Table 4 9,000 36,000
Chairs 24 1,500 36,000
Book Shelf 8 7,500 60,000
Librarian’s table and chair 1 7,000 7,000
Reception
Reception area furniture 1 15,000 15,000
18
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
Sports Equipment
Sports equipment Lump sum 25,000 25,000
See Saw 2 10,000 20,000
4-feet slide 1 12,000 12,000
6-feet slide 1 15,000 15,000
8-feet slide 1 18,000 18,000
Monkey bar 6x6 1 10,000 10,000
Zigzag bridge 1 7,000 7,000
Monkey jumping 1 12,000 12,000
Sanitary Items
Sanitary fixture 12 25,000 300,000
Total furniture and fixtures 2,542,150
12 INFRASTRUCTURE
Though ideally, a purpose built building can best suit a school, however any building
in a peaceful environment can be rented out.
For the purpose of this study, the option of getting a two-story building for school on
rent has been recommended. Monthly rent of the building is taken at Rs. 300,000 for
an area of 3 kanals. Proposed areas within Lahore are Iqbal Town, Johar Town,
Faisal Town, Saddar – Cantt, Wapda Town, and newly established housing schemes
on Raiwind road and Ferozpur road.
Table 12-1 Area Requirements
Space Requirements Area/Room No. of Rooms Total Area
Administrative Block (Sq. ft) (Sq. ft)
Principal’s office 150 1 150
Admission office 80 1 80
Accounts office 100 1 100
Kitchen 50 1 50
Lobby 100 1 100
Store room 150 1 150
Toilet 36 2 72
Junior Branch
Classrooms 360 12 4,320
Staffroom 125 1 125
Toilet 30 6 180
Senior Branch
Classrooms 360 12 4,320
Staffroom 125 1 125
Toilet 30 4 120
19
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
20
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
13 FINANCIAL ANALYSIS
Initial Investment
Project Returns
EQUITY PROJECT
Net Present Value 14,718,882 14,736,057
Internal Rate of Return 96% 65%
Payback Period (Yrs) 2.02 2.38
21
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
22
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
Fixed assets
Machinery & equipment 1,098,365 988,529 878,692 768,856 659,019 549,183 439,346 329,510 219,673 109,837 -
Furniture & fixtures 2,542,150 2,287,935 2,033,720 1,779,505 1,525,290 1,271,075 1,016,860 762,645 508,430 254,215 -
Office equipment 750,000 500,000 250,000 868,219 578,813 289,406 1,005,072 670,048 335,024 1,163,496 775,664
Total Fixed Assets 4,390,515 3,776,464 3,162,412 3,416,579 2,763,122 2,109,664 2,461,278 1,762,202 1,063,127 1,527,548 775,664
Intangible assets
Pre-operation costs 396,093 356,484 316,874 277,265 237,656 198,047 158,437 118,828 79,219 39,609 (0)
Total Intangible Assets 396,093 356,484 316,874 277,265 237,656 198,047 158,437 118,828 79,219 39,609 (0)
TOTAL ASSETS 6,367,068 6,014,946 7,646,527 12,671,564 17,941,993 24,868,284 34,087,438 41,768,629 49,312,964 58,681,199 65,865,393
Other liabilities
Long term debt 3,183,534 3,183,534 2,566,265 2,276,767 1,428,504 349,938 753,802 638,132 405,097 872,620 738,718
Total Long Term Liabilities 3,183,534 3,183,534 2,566,265 2,276,767 1,428,504 349,938 753,802 638,132 405,097 872,620 738,718
Shareholders' equity
Paid-up capital 3,183,534 3,183,534 3,183,534 3,617,643 3,617,643 3,617,643 4,120,179 4,120,179 4,120,179 4,701,927 4,701,927
Retained earnings - (435,304) 1,647,647 6,422,163 12,495,127 20,456,282 28,724,594 36,472,568 44,196,163 52,455,975 59,709,003
Total Equity 3,183,534 2,748,230 4,831,181 10,039,807 16,112,770 24,073,925 32,844,773 40,592,747 48,316,343 57,157,902 64,410,931
TOTAL CAPITAL AND LIABILITIES 6,367,068 6,014,946 7,646,527 12,671,564 17,941,993 24,868,284 34,087,438 41,768,629 49,312,964 58,681,199 65,865,393
23
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
Financing activities
Change in long term debt 3,183,534 - (617,269) (289,498) (848,263) (1,078,566) 403,864 (115,670) (233,035) 467,523 (133,902)
Change in short term debt - - - - - - - - - - -
Issuance of shares 3,183,534 - - 434,109 - - 502,536 - - 581,748 -
Cash provided by / (used for) financing activ 6,367,068 - (617,269) 144,612 (848,263) (1,078,566) 906,400 (115,670) (233,035) 1,049,271 (133,902)
Investing activities
Capital expenditure (4,786,608) - - (868,219) - - (1,005,072) - - (1,163,496) -
Cash (used for) / provided by investing activ (4,786,608) - - (868,219) - - (1,005,072) - - (1,163,496) -
NET CASH 1,225,542 24,008 1,841,010 4,508,224 5,742,664 7,419,753 8,759,814 8,314,853 8,157,518 8,808,450 8,608,596
24
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
Number of Students
New 294 206 144 101 93
Old - 279 461 575 642
294 485 605 676 735
Non-Operating Revenue
Security (Refundable) 2,000 588,000 2,100 432,180 2,205 317,652 2,315 233,474 2,431 226,749
Registration Fee 2,500 735,000 2,625 540,225 2,756 397,065 2,894 291,843 3,039 283,436
Admission Fee 5,000 1,470,000 5,250 1,080,450 5,513 794,131 5,788 583,686 6,078 566,872
2,205,000 1,620,675 1,191,196 875,529 850,307
Operating Revenue
Monthly Fee
135 Nursery to Prep 2,000 78 1,872,000 2,100 89 2,245,320 2,205 111 2,939,838 2,315 124 3,447,085 2,431 135 3,938,240
240 I to IV 2,500 120 3,600,000 2,625 158 4,989,600 2,756 198 6,532,974 2,894 221 7,660,190 3,039 240 8,751,645
375 198 5,472,000 248 7,234,920 309 9,472,812 345 11,107,275 375 12,689,885
0
240 V to VIII 3,000 96 3,456,000 3,150 158 5,987,520 3,308 198 7,839,569 3,473 221 9,192,228 3,647 240 10,501,974
120 IX to X (Matric) 3,500 - - 3,675 79 3,492,720 3,859 99 4,573,082 4,052 110 5,362,133 4,254 120 6,126,152
360 96 3,456,000 238 9,480,240 296 12,412,651 331 14,554,361 360 16,628,126
Net Fee 294 11,133,000 485 18,335,835 605 23,076,659 676 26,537,165 735 30,168,318
25
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
Number of Students
New 37 37 37 37 37
Old 698 698 698 698 698
735 735 735 735 735
Non-Operating Revenue
Security (Refundable) 2,553 93,807 2,680 98,497 2,814 103,422 2,955 108,593 3,103 114,023
Registration Fee 3,191 117,258 3,350 123,121 3,518 129,277 3,694 135,741 3,878 142,528
Admission Fee 6,381 234,517 6,700 246,243 7,036 258,555 7,387 271,482 7,757 285,057
351,775 369,364 387,832 407,224 427,585
Operating Revenue
Monthly Fee
135 Nursery to Prep 2,553 135 4,135,152 2,680 135 4,341,910 2,814 135 4,559,005 2,955 135 4,786,956 3,103 135 5,026,303
240 I to IV 3,191 240 9,189,227 3,350 240 9,648,689 3,518 240 10,131,123 3,694 240 10,637,679 3,878 240 11,169,563
375 375 13,324,380 375 13,990,598 375 14,690,128 375 15,424,635 375 16,195,867
240 V to VIII 3,829 240 11,027,073 4,020 240 11,578,426 4,221 240 12,157,348 4,432 240 12,765,215 4,654 240 13,403,476
120 IX to X (Matric) 4,467 120 6,432,459 4,690 120 6,754,082 4,925 120 7,091,786 5,171 120 7,446,375 5,430 120 7,818,694
360 360 17,459,532 360 18,332,508 360 19,249,134 360 20,211,590 360 21,222,170
Net Fee 735 31,135,686 735 32,692,471 735 34,327,094 735 36,043,449 735 37,845,621
26
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
27
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
28
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
13-7
T Subject Detail T
Subject Detail
Classes
Sections 2 2 2 2 2 2 2 2 2 2
Subjects I II III IV V VI VII VIII IX X
Urdu
English
Maths
Computer sciences
Science
Art
Islamyat
Social Studies
Geography
History
Physics
Chemistry
Biology/Computer
29
PREF-50/June, 2010/Rev 3
Pre-Feasibility Study High School
14 KEY ASSUMPTIONS
10
TP PT Tax rate is fixed through out the project since the income falls in 25% tax deduction slab
30
PREF-50/June 2010/Rev 3
Pre-Feasibility Study High School
15 ANNEXURE
2) IT Equipment Markets
i. Hafeez Centre - Lahore
ii. Hall Road - Lahore
PREF-50/June 2010/Rev 3
Pre-Feasibility Study High School
4) Educational Experts/Consultants
i. Ms. Rozina Jumani
Director Planning and Capacity Building/Educational Consultant
Email: rozinajumani@gmail.com
ii. FINCON Services Inc. Pakistan
House #798 Street 16, Sector
I-8/2 Islamabad 46000, Pakistan
Phone: 92-51-3410-0933
Fax: 92-51-3444-3993
iii. Academy for Educational Development
House 299, Street 19, E-7, Aurangzeb Road, Islamabad
Tel: 92-51-3265-4091-3
Fax: 92-51-3265 4094
E-mail: aedpk@comsats.net.pk
Website: www.aed.org
32
PREF-50/June 2010/Rev 3
Pre-Feasibility Study High School
33
PREF-50/June 2010/Rev 3