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Statement 1 Project at a glance for 10000 litres model milk processing plant 1 Land requirement 2 Milk handling capacity

3 Products to be manufactured 4 5 6 7 2 acres 10000 liters/day Toned milk, Standard milk, Cream, Gee Market Domestic Cost of the project Rs. 116.581 laches Bank loan Rs. 87.436 laches Margin money (Down payment) Rs. 29.145 laches

8 Financial viability ( at 15% D F ) BC R NPW IRR FRR ( Considering income tax liability) 9 Repayment

1.12 : 1 Rs.134.75 lakhs > 50% >50% 6 years with one year grace period

Statement 2 CALCULATION OF MARGIN MONEY ON WORKING CAPITAL (Rs. in lakhs) Sr.No.

Particulars

Unit cost Period (Rs.) days I 70% 0.546 0.84 0.147 0.399 0.394 0.22 0.4 6.686 5.67 13.301 3.822 9.479 2.37 7.11 0.569

Years

1 2 3 4 5

Stock in progress Packing material Chemicals & detergents Stores, spaces and fuel** Finished goods Toned Milk Standard Milk Saleable Cream Saleable Ghee Receivables Total ( 1 to 6) Less sundry creditors (days) Total working capital required Margin money @ 25% of working capital Bank Cash credit Interest on working capital @ 16%

7.8 0.4 0.07 -9 10 40 40

1 30 30 30 1 1 10 30 7 7

II 80% 0.624 0.96 0.168 0.408 0.45 0.25 0.46 5.577 6.523 15.42 4.368 11.052 2.763 8.289 1.326

** Outlay on stores and spares is considered @ Rs.0.19, Rs.0.17, Rs.0.15 per litre during first year, second year and t Note : 1. Interest on working capital during first year is considered for 6 months only. 2. It is assumed that payment to the producers are made once in a week.

Years

III onwards 0.702 1.08 0.189 0.405 0.504 0.28 0.54 6.798 7.452 17.95 4.914 13.026 3.259 9.377 1.564

ring first year, second year and third year onwards respectively on assuming 40% of power and fuel charges and repairs and mai

uel charges and repairs and maintenance. (statement 5).

Statement 3 CAPITAL COST OF THE PROJECT Sr. No. Particulars Specification Quantity Unit Total Cost (Rs) Cost (Rs. In lakhs) 2 LAND AND SITE DEVELOPMENT Land (including registration charges) Development charges Gates 3 4 5 6

1 A) i) ii) iii) iv) vi)

-brick wall Steel

2 acres

78000/a cre 424 RM 165/RM 2 15000 each LS LS

1.56 0.7 0.3 0.5 1.75

Land leveling and roads WBM Water Supply (borewell, -tank, pump) Total CIVIL WORKS Dairy plant building

---

4.81 RCC ACC 3000 sq.ft 1000 sq.ft. --450 sq.ft. 600 sq.ft. 300/sq.f t. 200/sq.f t. LS LS 250/sq.f t. 180/sq.f t. 9 2 0.75 0.57 1.12 1.08 14.52

B) i)

ii) iii) iv) v)

E T Tanks Condenser tank Superviser quarters Workers quarters Total PLANT AND MACHINERY Can conveying and washing system Weigh scale

--ACC ACC

C) i) ii)

-500 kg

--

LS 2 1,18,000

1.23 2.36

iii) iv) v) vi) vii) viii) ix) x) xi) xii) xiii) xiv) xv) xvi) xvii) xviii) xix)

Dump tank and accessories Detergent tank Milk chiller Cream Separator Milk pasteuriser Storage tanks S S tanks Packaging machine & accessories Ghee boiler Ghee storage tank Boiler & accessories D.G. set Refrigeration equipment Electrical panels & cables Pumps S S pipes & fittings Erection & commissioning Total MISC. FIXED ASSETS Furniture Computer Fire fighting equipment Collection centre equipment Work table Milk cans

1000 lts -30005000lph 2000-5000 lph 5000 lph 10,000 lts 300 lts 2500 pph 500 kg 1000 lts 300 kg/h 62.5KVA ------

59,000

0.59 0.31 0.97 5.7 7.82 6.38 0.76 3.14 1.76 0.99 5.46 3 15.21 3.02 1.2 2 2.5 64.38

1 LS 1 LS 1 LS 1 LS 2 3,19,000 1 75,500 1 3,13,500 1 1,76,000 1 99,000 1 LS 1 LS LS LS 4 --30,000 LS LS

-1 set

D) i) ii) iii) iv) v) vi) vii)

-Pentium --

------

LS LS LS 3000/ce ntre LS 500 600 LS

0.5 0.5 0.1 0.6 0.28 3 0.52

Centrifuge, butyr.20 -40 lts (plastic) Crate conveying system -& trolleys

--

viii) ix) x) E) i) ii) F) i) ii)

Lab equipment Effluent treatment plant Water softener Total VEHICLES Jeep Mahindra Scooter Bajaj Total DEPOSITS State electricity board

----

----

LS LS LS

2.5 3.25 0.2 12.45 3.25 0.25 3.5 0.35 0.25 0.6

1 3,25,000 1 25,000

--

---

LS LS

i) ii) iii) iv) v) vi) vii) viii)

H)

Telephone -Total PRELIMINARY & PREOPERATIVE EXPENSES Incorporation of company Project preparation Market survey Establishment ( Salary & wages ) Travelling Consultancy Administrative expenses Interest during construction Total CONTINGENCY ( @ 5% of cost of buildings, plant & machinery and misc. fixed assets )

0.2 0.25 0.3 4.73 0.3 1 1 2.5 9.38

4.57

I)

MARGIN MONEY FOR WORKING CAPITAL ( 25% of first year's requirement statement - 2 ) GRAND TOTAL ( A+B+C+D+E+F+G+H ) 2.37

J)

116.58

Statement 4 TECHNO ECONOMIC PARAMETERS S.No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 i) Ii) Iii) Iv) v) 16 Particulars Installed capacity Capacity utilisation No. of Working days Raw material Milk Cost price of milk Commission on milk collection Transportation charges Power and fuel Packing material Chemicals & detergents Salaries and wages Repairs and maintenance Over heads (incl. Of insurance) Milk distribution cost Product mix Toned milk (3% fat) Standard milk (4.5% fat) Cream (50% fat) Saleable cream (25% of iii approx.) Ghee Selling prices Toned milk Standard milk Cream Ghee Depreciation (%) Unit litres /day % Litres I 10000 70 7000 182 12.74 7.4 0.2 0.2 0.42 0.4 0.07 4.73 0.05 0.12 0.6 4375 2200 390 100 142 9 10 40 110 Straight line method 3 10 10 YEARS II III onwards 80 8000 365 29.2 7.4 0.2 0.2 0.37 0.4 0.07 9.49 0.05 0.12 0.6 5000 2500 460 115 169 9 10 40 110 90 9000 365 32.85 7.4 0.2 0.2 0.33 0.4 0.07 9.49 0.05 0.12 0.6 5600 2800 555 135 206 9 10 40 110 Written down value method 10 25 33

lakh litres/yr. Rs. /litre Rs. /litre Rs. /litre Rs. /litre Rs. /litre Rs. /litre Lakhs Rs./ yr Rs. /litre Rs. /litre Rs. /litre litres /day litres /day litres /day litres /day Kg/day Rs. /litre Rs. /litre Rs. /litre Rs./kg

17

Civil Structures Plant and Machinery Misc. Fixed assets

Statement 5 INCOME PROJECTIONS Particulars S.No

Unit I

Years II 7000 4375 2200 390 100 142 0.394 0.22 0.04 0.156

1 2 i) ii) iii) iv) v) 3 i) ii) iii) iv)

Milk procured Yield per day Toned milk ( 3% fat ) Standard milk (4. 5% fat ) Cream ( 50% fat ) Saleable cream ( 25% of iii approx. ) Ghee Income per day Toned milk (Rs.9.00 / litre ) Standard milk ( Rs. 10.00 / litre ) Cream ( Rs.40.00/ litre) Ghee ( Rs. 110.00/kg)

litres/day litres/day litres/day litres/day litres/day kg/day Rs. Lakhs Rs. Lakhs Rs. Lakhs Rs. Lakhs

III onwards 8000 9000 5000 2500 460 115 169 0.45 0.25 5600 2800 555 135 206 0.5 0.28 0.054 0.227
63% 30% 5%

2%

0.046 0.186

4 5

Total income/day

Rs. Lakhs

0.81 147.411

0.932 340.144

1.065 388.579

Income per year (1st year for Rs. In 6 months i.e. 182 days) lakhs

Statement 6 EXPENDITURE PROJECTIONS S.No Particulars Unit I YEARS II III onwards 32.85 243.09 6.57 6.57 10.841 13.14 2.3 9.492 1.643 3.942 19.71 317.297

1 2 3 4 5 6 7 8 9 10 11

Milk processing per year Raw material - milk Commission on milk collection Transportation charges Power and fuel (As per statement No. 4) Packing material Chemicals & detergents Salaries and wages(as per statement4) Repairs & maintenance Overheads Milk distribution cost (As per statement 4) Total operational cost

Lakh litres/day Rs.7.40/litre Rs.0.20/litre Rs.0.20.litre Rs.0.40.litre Rs.0.07.litre

12.74 94.276 2.548 2.548 5.351 5.096 0.892 4.733 0.637 1.529 7.644 125.253

29.2 216.08 5.84 5.84 10.804 11.68 2.044 9.492 1.46 3.504 17.52 284.264

Rs.0.05.litre Rs.0.06.litre -Rs. lakhs

Statement 7

DEPRECIATION SCHEDULES OF CIVIL WORKS, PLANT & MACHINERY AND MISC. FIXED ASSET Note : The figures corresponding to each year represent end year values for the preceding year.

Y AND MISC. FIXED ASSETS

Statement 8 CASH FLOW ANALYSIS WITHOUT CONSIDERING THE INCOME TAX LIABILITY (Rs. In lakhs) Sr.No. Particula rs 1 Costs i) Capital cost $ ii) Recurring cost Total cost 2 I II Years III to V VI

114.212 125.253 284.264 317.296 317.296

239.465

284.265

317.297

317.297

Benefits 147.411 340.144 388.579 388.579 i. Residual value of a) Civil ---11.906 Structure s b) Plant ----& ---31.312 Total 147.411 340.144 388.579 431.797 benefits Net -92.054 55.88 71.283 114.501 benefits (3-(1+2)) D F at 15% a) P W of costs @ 15% DF b) P W of benefit @ 15% D F 0.869 208.095 0.756 214.904 1.726 547.654 0.432 137.072

128.1

257.148

670.687

186.536

D F at 50%

BCR = 1.12:1 NPW = + 134.75 0.667 0.444

0.625

0.088

N P W at 50% D F

-61.369

24.81

44.552

10.076

IRR is more than $ The capital cost considered excludes the capitalised margin money on working capital.

IABILITY

Statement 9 CASH FLOW ANALYSIS ON CONSIDERING THE INCOME TAX LIABILITY (Rs. in lakhs) Years Sr. Particula I II III IV V VI rs No. 1 Income 147.411 340.144 388.579 388.579 388.579 388.579 (Stateme nt 5) 2 Operatio 125.253 284.264 317.297 317.297 317.297 317.297 nal cost (Stateme nt 6) 3 Gross 22.158 55.88 71.283 71.283 71.283 71.283 operating profit 4 Less i) Interest 9.609 12.812 10.25 7.559 4.869 2.13 on term loan @ 16% ii) Interest 0.569 1.326 1.564 1.564 1.564 1.564 working capital @ 16% iii Depr. On straight line method Civil 1.452 1.307 1.176 1.059 0.953 0.857 works Plant and 16.096 12.072 9.054 6.791 5.093 3.82 machiner y Misc. 5.263 1.15 2.362 1.583 1.06 0.711 fixed assets iv. Amortisa 0.215 0.215 0.215 0.215 0.215 0.215 tion of prelimina ry and preoperat ive expenses 5 Profit -11.046 26.997 46.661 52.512 57.528 61.986 before tax

6 7 8

Tax at 35% Net profit Net income available (7+4) Net benefit after tax (capital cost in 1st yr. + residual value in last year) Financial rate of return (%) Discount factor @ 45% Discount ed financial returns Discount factor @ 50% Discount ed financial returns

0 -11.046 22.158

9.449 17.548 46.431

16.331 30.33 54.951

18.379 34.133 52.903

20.135 37.394 51.148

21.695 40.921 49.588

-82.242

46.431

54.951

52.903

51.148

92.806

10

0.69

0.476

0.328

0.226

0.156

0.108

-56.719

22.083

18.025

11.968

7.98

9.985

0.667

0.444

0.296

0.198

0.132

0.087

-54.828

20.636

16.282

10.45

6.735

8.148

F R R is more than 50%

Statement 10 REPAYMENT SCHEDULE (Rs. in lakhs) Year Loan outstanding

Prin cipal

Int. on Term Loan $

Int. on Wor king capital

Total repay ment (4+5+6)

Net income

Balance left with com pany (8-7) 9

1 2 3 4 5 6

2 3 Begining End of of year year 80.077 80.077 80.077 64.062 64.062 47.246 47.246 30.429 30.429 13.312 13.312 0

0 16.015 16.816 16.816 17.117 13.312

9.609 12.812 10.25 7.559 4.869 2.13

0.569 1.326 1.564 1.564 1.564 1.534

10.178 22.158 30.154 46.431 28.631 54.951 25.94 52.903 23.55 51.148 16.976 49.588 135.429 277.178 D S C R = 2.047:1

11.979 16.276 26.321 26.963 27.597 32.611

1. $ During the first year the average loan utilisation is considered at 75% of the total amount. 2. Repayment period : 6 years including 1 year grace period. 3. Interest on Term loan and Working loan is assumed @ 16% per annum.

Annexure IV ESSENTIAL SECTIONS OF A MILK PROCESSING PLANT The milk processing plant shall have the following essential facilities.

i) Raw Milk Receiption Dock (RMRD) - consisting of can conveyor, can washer, weighting balance, dump tank etc. ii) Processing Hall - cream separator, chiller, homogenizer, pasteuriser and other related machinery are installed. iii) Storage area- for milk storage tanks. iv) Products manufacturing area-depends upon the type of products and the quantity of milk handled, the required equ v) Packing area-for packing of liquid milk and other products. vi) Cold storage-for keeping the milk and milk products before sending to market. vii) Quality Control Laboratory-for testing the quality of milk and milk products. viii) Utilities area-for installing boiler, generator set, water treatment plant, maintenance and store area for spares. ix) Waste water treatment plant area-for treating the dairy effluents before releasing to the fields. x) Quarters and office area-for all the essential staff. xi) Vehicle parking area-both for the milk procurement and distribution vehicles. xii) Input supply area- for providing veterinary service, supply of feed, fodder seeds, etc.

ghting balance, dump tank etc. ed machinery are installed.

f milk handled, the required equipment needs to be installed.

nce and store area for spares. o the fields.

Annexure VI SALARIES AND WAGES Sr.No. Particular Number s

1 2

5 6 7 8

9 10

Plant Manager Procurem 1 ent officer Field 2 superviso rs Processin 2 g superviso rs Mechanic 2 s Driver 1 Watchma 3 n Administ 3 rative staff Laborator 2 y staff Unskilled 8 labour Total 25 Other (40% of perks the salary Total salary and wages

Salary/W Total ages (Rs./mont (Rs.year) h) 1 7500 90000 5000 60000

3000

72000

3000

72000

2000 1500 1500 2000

48000 18000 54000 48000

2000 1500

48000 144000 678000 271200 949200