Analysis of Financial Statements
Final Project
To:
OSMAN BIN SAIF
By:
ZOHAIB BABAR (01-111192-146)
AMINA LATIF (01-111192-155)
RIMSHA ASHRAF (01-111192-179)
RIMSHA ANSAR (01-111192-283)
Department of Business Studies
BAHRIA UNIVERSITY, ISLAMABAD
PC-1 FORM
GOVERNMENT OF PAKISTAN
PLANNING COMMISSION
PROFORMA FOR DEVELOPMENT
PROJECTS
(SOCIAL SECTORS)
 Education, Training and Manpower
 Health, Nutrition, Family Planning & Social
Welfare
 Science & Technology
 Water Supply & Sewerage
 Culture, Sports, Tourism & Youth
 Mass Media
 Governance
 Research
GOVERNMENT OF PAKISTAN
PLANNING COMMISSION
Instructions to Fill-in PC-I Performa (Social Sectors)
1) Name of the Project
Bahria University Parking Area
2) Location
 Islamabad, Islamabad Capital Territory
 Bahria University Islamabad campus, near Shaheen Chowk, E-8
3) Authorities responsible for
Following are the two responsible authorities:
 CDA
 NDA
4) Plan provision
 As the project is included in the medium term plan, actual allocation is
100 million.
 If the project is proposed to be financed out of block provision, indicate:
Total block
provision
1 Billion
Amount already
committed
500 million
Amount proposed
for this project
100 million
Balance
available
400 million
5) Project objectives
 To minimize the effects of on street parking upon road safety and
congestion.
 To reduce dependence on the car, particularly in town centers.
 To help maintain the vitality of town centers and to minimize out of town
developments.
 To reduce, where possible, environmental damage caused by cars and car
ownership, particularly in residential areas.
 To reduce, where possible, competition for road space, between residents
and other groups.
 To keep the implementation of controlled parking zones and application for
special parking area status (via the highway authority) under review, in
association with the highway authority and the police.
6) Description and justification of project
 Project is about building a parking space for the ease of students. Primary
beneficiary would be students of Bahria University. It would be useful for
faculty of AIR University as well. Currently, there is facility for students
to park their vehicles I.e. Bikes and cars majorly on sides of the road and
that extends to the surroundings of Madina Park as well. Parking facility
in Fatima Jinnah Park is also provided sometimes.
 Transaction machines, security cameras, and lifts.
 A carrier or mounting which provides mobility and stability for the
machine a revolving deck or turntable which contains the power and
control units a front end attachment which serves the special functions in
an operation.
 Drilling and Blasting
 Lifting and Erecting
 Mixing and Paving
7) Capital cost estimates
 Date of estimation of Project cost: January 2023
 Year-wise estimates of Physical activities by main components are as per
following:
Component-wise, year-wise physical activities
Items
A.
B.
C.
Unit
Building Material
Labor
Machinery
Year-I
5 million
1 million
10 million
Year-II
10 million
2 million
10 million
Year-III
30 million
2 million
15 million
 Phasing of Capital cost be worked out on the basis of each item of work as
stated above and provide information as per following.
Year-wise/component-wise financial phasing
(Million PRs)
Item
Year-I
Year-II
Year-III
Total
Local
FEC
Total
Local
FEC
Total
Local
FEC
Total
5
5
6.5
10
10
12
30
30
40
45
million million million million million million million million million million
A
Building
Material
B
Labor
1
1
1.5
2
2
3.5
2
2
3.5
5
million million million million million million million million million million
C
Machinery
10
10
10
10
10
10
15
15
15
35
million million million million million million million million million million
Total
16
16
18
22
22
25.5
47
47
58.5
85
million million million million million million million million million million
8) Annual operating cost
 Item-wise annual operating cost for 5 years and sources of financing.
Item
Cameras
Market Lines on ground
Lights
Sensors
Cost
0.1 million
0.15 million
50 thousand
0.1 million
Source of financing: Organizational revenue
9) Demand supply analysis (excluding science & technology, research,
Governance & culture, sports & tourism sectors)
Demand:
Parking issues are caused by rapid urbanization without proper planning.
Although, Islamabad is one of the most modern cities in all of Asia, it faces the
same problem in many areas including the location of our university at sector
E8. The demand for parking spaces at BUIC is huge with around 5000 students
enrolled per semester. There are already 150 parking slots available at the
university which are certainly not enough for either morning or the evening shift
of students. The parking spots therefore remain occupied from early morning till
late afternoon. The numbers will just keep on rising in the next 5 years. This
demand can be met by a better transport system by the university or availability
of increased land for parking.
Supply:
With our project, we aim to use the barren land just along the boundaries of the
university claimed by CDA and develop it into a stable parking space with
carefully apportioned funds as stated in this report. The land will be used for an
additional 200 parking spots for students which will take the cars parked on the
main Margalla road, off it to reduce traffic. The space will solely be used for
university parking and it does not intervene in any other paths or roads. The
project will show instant results which will last over 2 years at least after which
further steps of introducing a better transportation system by university or
purchasing of more land will be required by the university.
10)
Financial plan
Sources of financing:
Our conservative estimates outline the financial development of the parking
project to cost 4.5 million in total. This will initially be financed with PRs
2.5 million through the PSDP. The project will be handed over to an
independent developer. The developer, designer and contractor team will
develop the parking and when the project is completed, the university buys
the project at the agreed upon price. This saves money because the price was
set prior to construction to ensure that any mistakes or unforeseen costs are
not the university’s responsibility and are not added on to the final price. The
raw materials sourcing and hiring and managing of labor force will also be
the responsibility of contacted developer.
Equity:
Other than the 2.5 million required by the PSDP (Private Sector
Development Program), investments around 1 million will be made by
Bahria University's own resources for installing security cameras and hiring
of two security guards for the parking space. An additional donation of 1.5
million will be financed by a private investor volunteering for social welfare
services.
11)
(a ) Project benefits and analysis
 Financial:
The initial expenditure on the establishment of parking along with further
maintenance and operational costs will be repaid and paid from the daily and
monthly income generated from the parking fee charged from the students.
One day parking rate will be set at Rs.30 per spot and the monthly rate to be
paid in advance will be Rs.800.
 Social Benefits with indicators:
Being next to two other busy universities, the roads leading to these
universities, especially the Margalla road is jammed because of too many
cars heading to the same destination and thus parking on main roads
because of non-availability of parking spaces. The completion of this
parking project will see significant impact on the city's ever rising traffic
problem in the midst of sectors E and F. At least 200 cars will be reduced
from the roads and parking on the sides of the roads.
 Environmental Impact:
Reduce air and noise pollution because the cars will be spending
significantly less time in traffic. There will be lesser horn honking due to
reduced frustration levels.
(b) Project Analysis
 Employment generation:
The project will firstly create a lot jobs for the labor force of the
developer's team with good wages financed by the government. For a 200
parking spots space, a minimum of 10 labors will be required each
earning wages over a month’s period. In addition to this, two permanent
security guards will be hired for a 9-6 shift.
 Impact of delay on project cost and viability:
According to our break-even analysis the total project cost will be 4.5
million to incur in two months. Given the ever changing political
landscape of the country or strikes by distinguished groups which impact
Islamabad very first, we have already planned to collect 5 million in total
finances. The additional 0.5 million is reserved for unforeseen
circumstances as such to store and secure the raw materials in case of a
delay in the construction processes. As far as the viability of the project
goes, once operational will be easily generating around PRs 0.2 million
monthly through its 200 parking spots costing students Rs.30 each per
day or Rs.800 per month. This is more than enough for the parking area
to cover it's expenses and additional costs incurred due to delays during
the construction and establishment days can be compensated for through
this income, in the very near future as well.
12) (a) Implementation of the project
As far as the demand and need of a parking project goes, it is the first thing
that comes into the mind when thinking of areas that the university needs to
find a solution for. Therefore, as soon as the funds are approved by the PSDP
after our proposal is delivered to them but the end of this month, we expect
the concerned authorities for an approval by the end of the next month. We
will require an additional month after that to get our other investor officially
on board and set legal terms with the developer. These terms have already
been agreed upon verbally but to kick start the project with a proper schedule
without any hindrances midway, 2 months after the government's funding
approval will be required. The first week will see heavy machinery take out
the wild grown bush and grass by leveling the ground surface made of sand.
During the next two weeks the whole 2.5 acres of land will be worked upon
to be brought at the same ground level by filling of steel and concrete for
deeper areas. The two weeks after that will be used to measure and mark the
horizontal and vertical parking spaces and set dimensions for individual
parking spots. Week after that will be the paint week where proper signs,
lines, indicators and symbols will be made to make the parking space
organized and arranged. The final days of the project will be utilized for
installing security cameras, electronic setups at entry and exit of the parking
lot along with final testing of the project before it is good for operation.
(b) Result Based Monitoring (RBM) Indicators
The impact of the project will be immediate as it is the ultimate need for
university students. The project will start generating cash inflow from day one
and easily achieve the targeted income estimated from it. The traffic on
surrounding main roads will be significantly lower as there will be lesser cars
parked on the sides. The barren land around the university boundaries will be
used for a meaningful cause that can support its operational, management and
maintenance costs by itself and be of service for society.
13) Management structure and manpower requirements
 Administrative arrangements for implementation of the project.
 One head of the project that will overlook all the work.
 Manpower requirements during execution and operation of the project are
provided by skills/profession.
 At least 30 labors, 2 electricians with 2yrs plus experience, machine
operators with significant experience.
14) Additional projects/decisions required
 Appointment of traffic wardens on the main roads to encourage, suggest
and warn students to use the new university parking instead of other areas
than cause disruption to the normal flow of traffic.
 Consistent monthly contact and check-up with the project initiators to
make sure no entity or body abuses it's power to cause any sort of damage
to the operations of the project be it the university administration or any
other government or semi-government authority.
15) Certificate
 The name, designation and phone # of the officer responsible for,
preparing and checking be provided. It may also be confirmed that PC-I
has been prepared as per instructions for the preparation of PC-I for social
sector projects.
 The PC-I along with certificate must be signed by the Principal
Accounting Officer to ensure its ownership.
Prepared by _________________________
Name, Designation & Phone#
Checked by _________________________
Name, Designation & Phone#
Approved by _________________________
Name, Designation & Phone#
The End