Pre-Feasibility Study

ENVIRONMENTAL CONTROLLED POULTRY FARM
(30,000 Birds)

Small and Medium Enterprise Development Authority
Government of Pakistan
www.smeda.org.pk
HEAD OFFICE 6 Floor , LDA Plaza, Egerton Road, Lahore Tel: (042) 111-111-456, Fax: (042) 6304926-27 helpdesk@smeda.org.pk
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REGIONAL OFFICE PUNJAB 8th Floor , LDA Plaza, Egerton Road, Lahore Tel: (042) 111-111-456, Fax: helpdesk@smeda.org.pk

REGIONAL OFFICE SINDH 5TH Floor, Bahria Complex II, M.T. Khan Road, Karachi. Tel: (021) 111-111-456 Fax: (021) 5610572 helpdesk-khi@smeda.org.pk

REGIONAL OFFICE NWFP Ground Floor State Life Building The Mall, Peshawar. Tel: (091) 9213046-47 Fax: (091) 286908 helpdesk-pew@smeda.org.pk

REGIONAL OFFICE BALOCHISTAN Bungalow No. 15-A Chaman Housing Scheme Airport Road, Quetta. Tel: (081) 831623, 831702 Fax: (081) 831922 helpdesk-qta@smeda.org.pk

February, 2008

the contained information may vary due to any change in any of the concerned factors. 2008 Library Officer 1 PREF-105/February. The content of the information memorandum does not bind SMEDA in any legal or other form. Prepared by Issue Date Issued by PREF 105 SMEDA-Punjab February. the content of this memorandum should not be relied upon for making any decision. due care and diligence has been taken to compile this document. and the actual results may differ substantially from the presented information.000 Birds) 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. investment or otherwise. DOCUMENT CONTROL Document No. 2008/ Rev 1 . The prospective user of this memorandum is encouraged to carry out his/her own due diligence and gather any information he/she considers necessary for making an informed decision.Pre-Feasibility Study Environmental Controlled Farm (30. SMEDA does not assume any liability for any financial or other loss resulting from this memorandum in consequence of undertaking this activity. Therefore.

Annually. seven flocks of birds will be reared on the same premises of the farm. mutton.1 INTRODUCTION Project Brief The poultry farm is a project of livestock sector. Some times birds can also be sold directly to the shopkeepers in the urban markets. Figure 1-1: Daily Protein Consumption1 Recommended Daily Dietary Protein Allowance Vs Existing Availability 1991-2000 30 25 Grams 20 15 10 5 0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 Available per Day Recommend Daily Dietary Allowance 1 Source: SMEDA survey 2001 2 PREF-105/February. the day old chicks (DOCs) are raised on high protein feed for a period of six weeks. The time required for rearing broiler birds is lesser than that for large animals.2 Opportunity Rationale Broiler meat is the cheapest source of animal protein available in the country. The consumption of white meat is increasing due to growing health consciousness in the masses. The time required for raising broiler birds is lesser than that for big animals. in which. The consumption of white meat is increasing due to growing health consciousness in the masses. 1. Broiler meat is the cheapest source of animal protein available in the country.Pre-Feasibility Study Environmental Controlled Farm (30. poultry and fish combined amounts to 11 grams. The broiler birds are sold to traders and the whole sellers markets in the urban areas. Broiler farming is a profitable venture due to continuous increasing demand of the meat in the market. 2008/ Rev 1 . According to the Agriculture Statistics of Pakistan the per capita consumption of poultry meat is increasing at a rate of 4% per annum.000 Birds) 1 1. This is far less than the recommended daily dietary protein allowance from animal source of 26 grams according to the World Health Organization standards. The existing daily availability of protein quantity per capita in Pakistan deriving from animal source including beef.

The major component of cost of production of chicken meat accounts for feed cost. which produce a specific formula feed mix. These breeder farms depend on producers of parent stock. Figure 2-1: Meat Production Trends2 1400 1200 (000. beef and mutton from the year 1995-2006 is presented below. In addition to this. This produces grand parents for parent stocks and parent stock end up in producing the final product. 2008/ Rev 1 . a sum of Rs 2. Poultry feed consists of rich protein elements like grains. which is imported.4 Proposed Capacity In this pre-feasibility study. 1. blood meal. 2 CURRENT INDUSTRY STRUCTURE The generation line of broiler comes from pure line. Tons) 1000 800 600 400 200 0 1995 1996 1997 1998 1999 Beef 2000 2001 2002 2003 2004 2005 2006 Mutton Poultry Meat 2 Source: Agricultural Statistics of Pakistan 2005-2006 3 PREF-105/February.3 million is required as working capital. These hatcheries maintain their breeder farms.Pre-Feasibility Study Environmental Controlled Farm (30.3 Total Project Cost A Controlled Poultry Farm with a population of 30. The poultry meat production has showed a growing trend over the past few years after a dip in 1997 due to the ban imposed on wedding dinners.000 birds. There will be a lag time of two weeks for cleaning and fumigation of the farm. gluten. purchase their hatching eggs from breeder farms. all the calculations have been based on a flock size of 30. or in some cases.5 million for construction and purchasing farm machinery and equipment.000 Birds) 1. Poultry feed mills are the major player in the poultry industry. fishmeal and soyabean meal.000 birds established in a purpose-built controlled shed needs a capital investment of about Rs 10. with raising seven flocks per year. The farmers get day old broiler from hatcheries. which will be used for purchasing day old chicks and raw material (feed & vaccines) etc. The meat production trend of chicken meat.

This GP is producing 5 million parent flock giving rise to 500 million commercial broilers producing 450. Though this industry is a source of food and employment for million of people. Their business is also adversely affected for four long months due to severe environment.000 layer. poultry sector is contributing its major share to provide animal protein to the common masses and is striving hard to fulfill the gap of animal protein in the country. 139 feed mills and more than 20. Even the average temperature remains well beyond the higher side of thermo neutral zone for the greater part of the year. Pakistan is a tropical country and during summer the temperature reached up to 40C. poultry industry contributes a large segment to the national economy with an investment of more than 70 billion of rupees and has become the second largest industry after textile in Pakistan. 2008/ Rev 1 . In this way. Germany and USA with the cost of US$26 per day-old D-line female chick.Pre-Feasibility Study Environmental Controlled Farm (30. growth rate. which counteracts the adverse effects of heat stress providing tunnel ventilation and enhancing the wind chill effect. FCR in broilers along with mortality or they have to totally close their business 4 PREF-105/February. Hot and humid weather conditions coupled with manual and poor management practices increases the mortality in flocks. but is facing a major impediments in its progress in the form of heat stress. weight gain.000 Birds) Figure 2-2: Broilers' Population (1995-2005) 400 350 Million Birds 300 250 200 150 100 50 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Poultry (Million Birds) Presently.000 Grandparents (GP) chicks annually from Holland. resulting into severe shortage of poultry meat. The sector consists of 280 hatcheries. broiler and breeding farms. Pakistan’s poultry industry is importing 100. These houses when equipped with highly mechanized system of automatic chain feeding and nipple drinking makes the environment quite conducive for poultry production. But this important sector is facing a great problem in the form of heat stress. During this period they have to either continue their flock compromising with poor performance in feed intake.000 metric tones of poultry meat. depresses their growth and makes poultry production an unmanageable and uneconomical pursuit. Environment controlled houses can overcome this critical situation.

2. 4.2/bird against Rs.3 kg feed to gain 1.5 kg weight reflecting its Feed Conversion Ratio (FCR) = 2 to 2. 7.Rs. In ECH a broiler flock is ready for market in 35 days as compared to 42 days in COH.8 in ECH. Whereas this figure of FCR is improved to 1.40/Kg in COH.1 Comparative Efficiency of Environment Control (ECH) and Conventional Open-Side House (COH) The modern trend of environment control houses (ECH) in poultry production has brought a great revolution in poultry industry of Pakistan in the recent years. An individual broiler in COH usually consumes 3 to 3. 9. 5. providing tunnel ventilation. 2008/ Rev 1 . All these significant features in ECH has reduced the cost of production of broiler to Rs. 3. in ECH 7 flocks are marketed without any break. 5 PREF-105/February. resultantly only 4-5 flocks are possible in such houses in a year.2. cutting down the cost of vaccine and medication i. Equal distribution of feed and water to broilers through automatic system in ECH has markedly improved the uniformity up to 95% as compared to 75% in COH. ECH maintains the uniform temperature round the clock providing very conducive environment to the broilers avoiding fluctuation in the day and night temperature. ECH being complete closed system has minimized the incidence of diseases. 8. The ECH brings down the temperature by 10 to 15C as compared to the conventional open-sided houses (COH) and makes it comfortable like colder regions.5/bird in COH. This has solved a great hurdle of heat stress in the way economical commercial poultry production. giving the wind chill effect has markedly improved the broiler production system.000 birds.000 Birds) to avoid all these risks.Pre-Feasibility Study Environmental Controlled Farm (30. Due to severe heat stress during 4 long summer months the broiler production is stopped in COH. The technology of ECH is rapidly becoming popular among broiler producers due to its following significant advantages: 1. 6.e. In COH nearly 6-8 housemen are required to manage such a flock. One houseman at daytime and one at night time are sufficient to look after a flock of 35. 2. This situation creates severe shortage of poultry meat which is the cheapest and easily available source of animal protein. 35/Kg as compared to Rs. Mortality in ECH has been decreased to 2%-3% as compared to 10% in COH. The ECH with evaporative cooling system. Installation of highly mechanized automatic feeding and nipple drinking system in ECH has provided the solution of manual and poor management practices. However.

The following practices starting from arrival of the chicks to marketing of broilers will be performed under the supervision of an expert. a very small amount of dressed chicken is available in the local retail market. The time spent in getting broilers from the farm to the retail shop is brief.Pre-Feasibility Study Environmental Controlled Farm (30. and feeders). In some cases.000 Birds) 3 MARKETING The marketing of chickens follows the traditional channels of distribution.000 commercial broiler chicks will be bought after every 6 weeks. brooders. water. 2008/ Rev 1 . which will be monitored by the concerned staff. feeding and nipple drinking system. which will determine the selling price. Birds are transported to the urban market and are sold to retailers or market-street poultry shops. The trick in marketing is quick availability of market information of chicken supply and demand. Birds are sold on live-weight basis. handling and transportation to the consumer or processing plants. broilers are distributed in the market through middlemen (Arti) and wholesalers. The role of Arti is to identify a farm and negotiate the price. However. but it is an established fact that greater the distance between the poultry producer and consumer. proper cleaning. 4 FARM MANAGEMENT Farm input required for a Controlled Shed includes farm equipment (drinkers.) to the broiler farmers and then agrees to buy back the mature birds from them. Although collection and handling of birds has improved with the use of loader vehicles. electricity. The entire specific requirement will be met by automatic operations of temperature control. etc. 4. During flock. 10. Thermostatically temperature control: Low temperature will be controlled with the help of diesel heaters and high temperature with evaporative cooling system. vaccines & medicines.). etc. During this week. rice-husk or saw-dust. The integrated processing units distribute frozen and dressed chicken packed in whole or cut-ups to the consumer through retail shops under their brand names. The broiler chicks will be purchased from private hatchery. The processing plant produces dressed chicken (slaughtered and cleaned). electronic fixtures and other consumer items (feed. 6 PREF-105/February. These birds are marked for meat purpose to the common masses. disinfection and fumigation will be performed prior to the arrival of the new flock. The checks will be set in brooding on litter floor providing specific requirement during 0-4 week and then finishing phase from 4-6 weeks. A flock of 35. the middleman provides Day Old Chicks and other farm inputs (feed. washing. feed trays. more complicated is the marketing system including their collection. white washing. Generally. After marketing of broiler at 5 weeks of age the broiler house will be given 1 week for the preparation to receive the new flock.1 Proposed Controlled Poultry Farm This unit will work for the production of broilers. strict measures for bio-security will be observed at the unit.

000 35 15 210. 2008/ Rev 1 No. 17.000 Birds) 11. 15. 12. Watering through automatic nipple drinking system.60 5% 100% Number of Flocks per year Number of Birds per Flock Time required per Flock (Days) Lag time required per Flock (Days) Total Annual Production Capacity Average weight per bird (kg) Shed Space Required per Bird (Sqft) Sale price growth rate Production capacity utilization 6 MANPOWER REQUIREMENTS Semi skilled workers are needed to look after the feeding. Computerized record will be maintained for feed intake.000 .2: Avg. 1 1 Salary 10. Marketing of finished (ready) broilers. Specific vaccination schedule will be adopted for disease control.Pre-Feasibility Study Environmental Controlled Farm (30. vaccination and cleaning operations at the farm. Prophylactic medication will be provided according to requirement. FCR and mortality. The personal needed for the farm is as under: Description Doctor Supervisor 7 PREF-105/February.80 0.000 1. body weight. Weight 1. 5 PRODUCT The proposed project will generate revenues from sale of chicken. 16. Assumptions used for the product mix are as follows: Table: Product Mix Product Chicken Table 10. 75 Production Assumptions: 7.00 30. Three people will be hired to mange the operations of the automated shed.000 5. 14. Feeding through automatic feeding system. Sanitation and disinfection program will be strictly followed during and after the completion of one flock. 13.8 Price per Kg Rs.

476 36.000 2.523 16. Erection & Installaion etc.000 Birds) Houseman Electrician Watchman Driver 3 1 2 1 4. 2008/ Rev 1 1% 1% Amount (PKR) 420.687 .500 7 7.232 487.000 4.706 1.850 81.000 25.085 25.733. Jail Raod. which will be needed. List of farm equipment.Pre-Feasibility Study Environmental Controlled Farm (30.085 2.357 360.) 7. drinking and handling the birds.000 3.1: Machinery Details Description VAL PAN Feeding system Nipple Drinking System Watering System Fill System Manual Winching for Feeder Lines Feed Storage Feed Hopper Fill System Tunnel Ventilation System Minimum and Transitional Ventilation Environmental Control Total Machinery Cost Generator Set Fire Extinguisher etc. Lahore Off # 042-7534508 8 PREF-105/February.2  Machinery Suppliers Ahmad W.517 25. is as under: Table 8.558.508. Naseer Biovet Pvt limited 97-A.000 5.197 98.464 70.372 52. Total Machinery & Equipment Required Erection & Installation Contigencies Total Machinery & Equipment Required (incl.340 109.517 750.1 TECHNOLOGY Machinery & Equipment Requirement Various types of farm equipment are needed for feeding.

3 Infrastructure Requirement Poultry's farming needs to be handled tactically.000 6. 8. right from the selection of the site to the final stage when the birds are sold. 8.) 18.1 Recommended Mode for Acquiring Land It is recommended that the proposed project should be started on a purchased land.000 657.201 8.ft.ft. Setting up a farm at an isolated place will minimize the risk of disease.pk 8 LAND & BUILDING Table 7-1 Space Requirement Description Shed Space Feed Store Rooms for Guard and Workers Doctor's Residence Pavement/driveway Boundary Walls Total Building Infrastructure Area (sq.). etc.2 Suitable Locations Suburban and rural areas around the major cities of the country are the suitable areas for setting up a poultry farm.601 500. / sq. The entrepreneur should make sure that the following things are available at the farm site before setting up the farm:   Electricity connection Drinking quality water 9 PREF-105/February.500. and selling of mature birds.496 250 610 400 1096 600 212 50 21.biovet.waqas@biovet.000 Birds) Mobile +92-300-8444202 Web: www.600 10.000 374. Proximity of the farm to the city enables the farmer to have a quick communication with the market for the purchase of Day Old Chicks.) Cost (Rs. The farm should be located at a place where transportation of birds and feed can be handled easily. 2008/ Rev 1 .414 Total 4.com.com.Pre-Feasibility Study Environmental Controlled Farm (30.000 244.000 250 1.286. farm inputs (feed.pk Email ahmad.

090 Table 8-2 Project Return Project 56% 1.558.827. 2008/ Rev 1 .147.Pre-Feasibility Study Environmental Controlled Farm (30.513 2.688 12.713. 60% 40% 7.000 Birds) 9 PROJECT COST Table 8-1 Project Economics Capital Investment Land Building/Infrastructure Machinery & equipment Furniture & fixtures Office equipment Pre-operating costs Total Working Capital Total Investment Rs.96 22.286.687 49.861.000 6.768 10 PREF-105/February.500.201 2.350.000 37.000 79. in actuals 1.322 5.127 IRR Payback Period (years) NPV (Rs) Table 8-3 Financing Plan Financing Equity Debt Rs.

768 7.000 79. in actuals 1.000 Birds) 10 FINANCIAL ANALYSIS 10.1 Project Cost Capital Investment Land Building/Infrastructure Machinery & equipment Furniture & fixtures Office equipment Pre-operating costs Total Capital Costs Working Capital Raw material inventory** Cash Total Working Capital Total Investment Initial Financing Debt Equity Export re-finance facility * Provisioning for the first year installments ** Raw material inventory based on per/flock approx.350.000 37.687 49. in actuals 1.688 12.850. 2008/ Rev 1 .000 2.201 2.Pre-Feasibility Study Environmental Controlled Farm (30.286.558.688 500. in actuals 5.090 Rs.861.402 Rs. Rs.000 6.510.147.500.322 - 11 PREF-105/February.513 10.713.

326 51.903 315.996.993 1.720 Controlled Shed Farm .465 4.294 207.442 11.885.024 1.498 14.628 702.599.875 23.196 578.146 1.766.180.811 14.514 578.977.425 6.658 11.043.360 3.520 8.151.589 1. fax.425 11.875.) Office expenses (stationary.028.786 12.628 71.435.603. audit.465 13.711 28.904 6.324 82.197.197.203 1.092.602 25.100 7.633 25.488 51.425 6.903 384.745 7.435 11.302 638.883 6.247 7.811 10.977.634 19.326 9.779 494.676.069.105 1.388 8.413.498 22.206 9.977.376 6.891 Year 7 38.559.435.055.594.095 578.048 578.219 6.848 15.486 Year 9 42.585 2.335 578.779 447.933.167.373 11.666.041 6.790 9.413.615.562.680 7.280 578.184 438. expense (phone.656 17.093.542.620 Year 2 29.779 425.892 5.506 303.933.326 9.779 404.518.745 7.180.002.392.242.151.051 578.183.525 33.527.933.372.237. etc.984.604.488 41.669.840 703.396 Year 6 36.197 20.540 188.000 Birds) 10.002.380 7.394 6.413.862 31.797. etc.930.815 41.350 1.803 8.308.366.836 9.815 9.560.099 100.628 60.904 11.278 18.720 41.180. etc.696 3.017.887 2.634.575 8.SMEDA 327.779 15.996.696 10.302 60.562.465.382 7.545 621.751 7.903 331.449.954.490 1.903 348.Pre-Feasibility Study Environmental Controlled Farm (30.267.068 7.930.158 41.779 470.551 8.302 51.158 527.696 60.002.453.934 567.372.183.267 6.343 268.847.691 9.582 26.948 6.833.648.425 360.226 Year 3 31.829.193.324 71.560 Year 4 33.572 6.180 14.733 578.658 71.779 15.982 82.283 366.992.322 443.453.000 21.519.425 12 PREF-105/February.938.167.312 4.519.770 1.167.989 578.525 25.948 5.111 403.003.779 15.030 6.) Insurance expense Professional fees (legal.330 8.243 5.267 5.797.330 33.497 6.434.118 Year 5 34.095.829.391 8.257 333.908.604.996 3.297 29.723. in actuals Year 10 44.413.593 6.797.437 8.233 16.323 227.327 11.466 7.201.500 22.996 8.863.002.101.977.996.658 11.982 6.633 7.247 18.2 Projected Income Statement Statement Summaries Income Statement Year 1 Revenue Cost of goods sold Gross Profit General administration & selling expenses Administration expense Utilities expense Travelling & Comm.155 32.692 191.604.815 9.591 10.435.183.434.223.334.315 8.580.190.453.669 24.384 1.551 275.542 Rs.093 Year 8 40.407.274 7.488 580.829.373 18.633 6.927 408.696 10.261 1.817 21.618 9.903 366.296 817.129 10.121 18.997 7.101 578.525 479.956 250.320 10.572 9.521 6.196.278 435. 2008/ Rev 1 .002.507 2.580.086.304.278 25.099 225.560.779 15.324 772.158 33.331 2.) Depreciation expense Amortization expense Property tax expense Miscellaneous expense Subtotal Operating Income Other income Gain / (loss) on sale of assets Earnings Before Interest & Taxes Interest expense Earnings Before Tax Tax NET PROFIT/(LOSS) AFTER TAX Balance brought forward Total profit available for appropriation Dividend Balance carried forward 28.373 396.779 15.434.

779 (168.721) (1.200 9.592.073 68.132.607 11.312.359.402) 500.861.705.920.871.350.706.903 (125.206.779 15.341 58.829.874) - - - - (10.000 Birds) 10.904.167.332.411.955) (871.460 9.173 23. in actuals Year 10 Controlled Shed Farm .425 578.000 13 PREF-105/February.633 578.930.173 5.460 48.330 578.815 578.002.397) (189.214 9.981 9.693.821.522 68.217 11.863 84.139) 101.285) (1.230) 15.576) 106. 2008/ Rev 1 .285) (551.556 7.965 6.326 578.556.779 15.249 6.411.323.688) 6.510.284 8.267) 120.584) 143.948 578.651.779 (152.658 578.179 38.350.844.332.151.779 15.159 5.214 48.860) (1.936 84.008.797.991.206.487.008.253) (209.713.420) (230.915.903 (58.565 17.217 6.863 15.435.243) (308.607 17.869.156 9.696 578.012 6.779 15.607 5.3 Projected Cash-flow Statement Statement Summaries Cash Flow Statement Year 0 Operating activities Net profit Add: depreciation expense amortization expense Accounts receivable Raw material inventory Accounts payable Other liabilities Cash provided by operations Financing activities Change in long term debt Issuance of shares Purchase of (treasury) shares Cash provided by / (used for) financing activities Investing activities Capital expenditure Acquisitions Cash (used for) / provided by investing activities NET CASH Cash balance brought forward Cash available for appropriation Dividend Cash carried forward Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Rs.915.862.441 6.155) (340.556.874) (551.441 17.519.072) (1.915.389 6.308 10.562.779 15.459 8.768 7.413) (375.006 6.510.754 9.214 58.000 6.903 (2.782.779 (145.920.090 (197.688) (1.955) (197.071 8.479.332.179 8.000 500.920.693.901 (242.592.269.869.167.402) (10.247 578.696) 1.073 5.693.860) (871.705.863 68.754 38.390) (254.035) 4.556.834 11.936 500.034) (414.721) (1.460 38.323.210) 113.006 30.341 11.308 48.Pre-Feasibility Study Environmental Controlled Farm (30.651.637 7.453.660) (280.183.347.904 578.179 30.666) 134.072) (1.981 10.281 30.869.217 500.790.441 23.991.006 23.522 58.850.779 (138.SMEDA (1.903 (131.082) 151.000 5.903 (119.850.779 (160.206.790.994) 127.651.147.309 7.167.323.322 12.522 10.217 5.

949.100 6.300 25.364 3.669.609 48.552 31.967 23.231 3.737 9.101 4.713.700 11.576 36.322 41.690.251.893.379.200 8.945.287.052.775 1.445 2.086.171 4.347.200 29.781 2.500.800 - 2.001 88.286.547.852.014.713.546.500 7.694.643.888 79.159 1.713.480 43.279.099 22.121 3.453.570 45.695 25.708 47.869.600 31.500.509.713.322 11.580.164.713.077.500.969.322 7.411 255.982 2.217.122.800 2.069.322 12.713.000 5.322 82.509.322 71.664.791.688 2.994 43.984.377.302.160 1.628 68.902.373 19.500.412.879 81.451 30.028.322 60.488 49.969 1.903 37. 2008/ Rev 1 .600 14.950 71.039.434.693.065.381.920.445 1.945.607 2.950 39.143.271 1.932 7.624 61.996.323.000 6.690.500.285.384 10.800.441.998 1.733 - 7.160 2.705.982 - 2.844.052.341 1.820 65.406 7.863 3.000 1.441 2.274 1.581 2.480.895.593.159 4.206.038 14 PREF-105/February.810 52.115.842.413.309 29.461 2.000 4.561.000 Birds) 10.901 76.069.547.500.322 33.718 7.870 38.967 7.963 2.961 1.081 34.604.385.061.500.000 10.713.253.953 4.870 7.600.302 58.805 31.768 1.SMEDA 500.715.646 81.953 2.781 - 2.963 - 2.920.216 52.500.969.842.322 51.982 90.236 55.000 3.500 18.147.651 1.875 1.606 14.713.734.217 2.933.536.425 13.861.523 16.932 68.000 3.844.000 4.713.610 1.581.100 33.231 2.147.782.287.525.322 6.687 49.915.212 29.500.412.397 2.895.304 92.273.158 41.214 3.394 1.040.136 3.609 7.812 1.747 20.201 2.721 511.000 4.650.516 2.400 5.101 92.348.294.430.800 6.166.936 3.122.000 5.609 84.819 44.747.850.646.688 1.713.611 20.771.002.937 1.385.932 4.657.323.457.902.451 7.400.861.171 1.221.874 551.984.556.900 3.611 63.847 37. in actuals Year 10 Controlled Shed Farm .441.344 24.126.733 2.971.558.322 18.070 2.000 37.958.965 4.278 26.708 25.322 25.165.405.179 2.891 2.453.805 31.516 551.000 5.651.110 63.046.165.500.437 61.180.023.874 2.600.903 15.031 767.949.718 11.600 9.400 22.609 7.332.406 58.Pre-Feasibility Study Environmental Controlled Farm (30.300 9.331 47.475 19.713.709.460 2.350.000 3.000 5.819 7.651 2.658 71.519 3.819 17.869 4.285.090 7.038 5.812 4.500.090 6.977.513 12.768 5.513 79.4 Projected Balance Sheet Statement Summaries Balance Sheet Year 0 Assets Current assets Cash & Bank Accounts receivable Raw material inventory Total Current Assets Fixed assets Land Building/Infrastructure Machinery & equipment Furniture & fixtures Office vehicles Office equipment Total Fixed Assets Intangible assets Pre-operation costs Total Intangible Assets TOTAL ASSETS Liabilities & Shareholders' Equity Current liabilities Accounts payable Total Current Liabilities Other liabilities Long term debt Total Long Term Liabilities Shareholders' equity Paid-up capital Retained earnings Total Equity TOTAL CAPITAL AND LIABILITIES Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Rs.136 2.780 1.713.381.669.535.317.700 5.077.690.900 8.249.730 1.324 79.800 7.343.147.525 33.006 2.714.773 15.522 3.447.

000 Birds) 11 KEY ASSUMPTIONS Bird Mortality %age Administration benefits expense Traveling expense Communication expense Office vehicles running expense Office expenses (Misc.0% 1.0% 1.Pre-Feasibility Study Environmental Controlled Farm (30. 2008/ Rev 1 .48 15 PREF-105/February.Kg Vaccination.) Bad debt expense Building depreciation rate Machinery & Equipment depreciation rate Office Equipment depreciation rate Furniture & Fixtures depreciation rate 3.0% 3.10 9 974 19.e. etc.05% 0.0% 1. Cost 10% % of Offiice equipment Cost 10% % of Furniture & fixture Cost Table: COGS Details: Description DOC (Day Old Chicks) (Rs.) Promotional expense Machinery & equipment insurance rate Office vehicles insurance rate Professional fees (legal.0% 0.) Feed Price per Bag (50 Kgs) Cost of Feed per Kg – Rs.0% 5. 18 2 72 0.0% 3.) Feed required per 1000 birds .0% 5% 10% % of COGS % of administration expense % of administration expense % of administration expense % of vehicles cost % of administration expense % of revenue % of Machinery cost % of Vehicle cost % of revenue % of revenue % of Building Cost % of Machinery & Eqp.0% 5. Feed required to gain 1 Kg weight (Kgs.) Feed Conversion Ratio (FCR) i.0% 0.(50 Kgs bags) Feed Requirement/bird/day . audit. Medication and Disinfection Cost per Bird (Rs. consultants.

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