PROJECT AT A GLANCE

CONSTITUTION

ACTIVITY DAIRY FARMING

PROMOTER

LOCATION Village -
Taluk -
District -

CAPACITY - 40 Cross Bred Cows

PRESENT PROPOSAL (Rs. in lakhs)

-- TOTAL PROJECT COST 42.98

-- TERM LOAN 30.00

-- WORKING CAPITAL LIMIT 3.00

-- MARGIN 12.98

-- INVESTMENT PER ANIMAL 1.06

REPAYMENT PERIOD ( YEARS ) 10

EMPLOYMENT POTENTIAL 6

POWER REQUIRED ( KW ) 10.95

DAILY WATER REQNT. ( GALLONS ) 0

DEBT EQUITY RATIO 2.45

SENSITIVITY ANALYSIS DSCR

AT ASSUMED RATES 1.56

AT INCREASED COSTS (5%) 1.40

AT REDUCED INCOME (5%) 1.33

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate
Office, Mumbai: September 2014
 MODEL PROJECT ON FINANCING DAIRY FARMING

S.NO. LIST OF ANNEXURES

I PHYSICAL & FINANCIAL OUTLAY

II CIVIL CONSTRUCTIONS

III LACTATION CHART

IV HERD PROJECTIONS

V INCOME CALCULATIONS

VI FEED & FODDER COST

VII MEDICINE COST

VIII SALARY & WAGES

IX POWER REQUIREMENT

X TOTAL COST

XI DEPRECIATION, INSURANCE, REPAIRS & MAINTENANCE

XII WORKING CAPITAL ASSESSMENT

XIII PROFITABILITY STATEMENT

XIV REPAYMENT SCHEDULE

XV CASH FLOW STATEMENT

XVI SENSITIVITY ANALYSIS - P & L ACCOUNT

XVII TAX CALCULATIONS

XVIII DSCR STATEMENT

XIX HOUSING & WATER REQUIREMENTS

XX FODDER REQIREMENT

XXI INTERNAL RATE OF RETUNRS (IRR)

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

PHYSICAL & FINANCIAL OUTLAY

Annexure - I
( Rs. in lakhs )
Particulars Unit Qnty Unit Total Margin Loan
Cost (Rs) Cost 30% 70%
Land Development 3.75 1.13 2.63
- Borewells Nos. 1 100000 1.00 0.30 0.70
- Fencing & Gate LS 1 100000 1.00 0.30 0.70
- Over Head Tank Ltr. 35000 5 1.75 0.53 1.23

Civil Constructions 13.33 4.00 9.33

Machinery & Equipment 2.02 0.61 1.42

- Milking Machine Nos. 1 125000 1.25 0.38 0.88
- Chaff Cutting Machine Nos. 1 35000 0.35 0.11 0.25
- SS Milk Cans ( 40 Litres ) Nos. 6 1600 0.10 0.03 0.07
- SS Milk Cans ( 20 Litres ) Nos. 6 1300 0.08 0.02 0.05
- Miscellaneous Equipment Nos. 1 25000 0.25 0.08 0.18

Animals 22.88 6.86 16.02

- Cows No 40 55000 22.00 6.60 15.40
- Animal Insurance 4.00% 2200 0.88 0.26 0.62

Misc. Fixed Assets 0.25 0.08 0.18

Working Capital Margin 75000 0.75 0.32 0.44

Total 42.98 12.98 30.00

FUNDING PATTERN
(Rs. in lakhs)
PARTICULARS AMOUNT

Total Project Cost 42.98

Margin 12.98

Loan Amount 30.00

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING
CIVIL CONSTRUCTIONS
Annexure - II
( Rs. in lakhs )
Particulars Length Breadth Total Rate Total
SFT SFT Area (Rs) Cost

Cattle Sheds 4500 10.13

- Cow Shed No. 1 40 35 1400 225 3.15
- Cow Shed No. 2 40 35 1400 225 3.15
- Calving Pen / Calf Shed 40 20 800 225 1.80
- Heifer Shed 20 35 700 225 1.58
- Sick Animal Shed 10 20 200 225 0.45

Other Civil works 2200 3.20

- Drinking Water Tank 20 10 200 80 0.160
- Gobar Dumping Yard 40 30 1200 20 0.240
- Godown cum labour shed 40 20 800 350 2.80
Total 13.33

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
LACTATION CHART
Annexure - III
BATCH NO - I BATCH NO - II
Lactation Days & Calves Lactation Days & Calves Lactation Days
Year End Dry Days Male Female Year End Dry Days Male ( Batch - I & II )

2016 L1 270 8 8 2016 L1 152 8 8440

D1 65

L2 300 L1 118
2017 D2 65 8 8 2017 D1 65 8 10072
L2 182

L3 300 L2 118
2018 D3 65 8 8 2018 D2 65 8 9600
L3 182

L4 300 L3 118
2019 D4 65 8 8 2019 D3 65 8 9600
L4 182

L5 300 L4 118
2020 D5 65 8 8 2020 D4 65 8 9600
L5 182

L6 300 L5 118
2021 D6 65 8 8 2021 D5 65 8 9600
L6 182

L7 300 L6 118
2022 D7 65 8 8 2022 D6 65 8 9600
L7 182

L8 300 L7 118
2023 D8 65 8 8 2023 D7 65 8 9600
L8 182

L9 270 L8 118
2024 D9 65 8 8 2024 D8 65 8 8640
L9 152

L 10 300 L9 118
2025 D 10 65 8 8 2025 D9 65 8 9600
L 10 182

Lactation Period 300 Days Lactation Period 300 Days

Dry Period 65 Days Dry Period 65 Days
Batch Size 20 Nos. Batch Size 20 Nos.
Date of Induction April 1, 2015 Date of Induction October 1, 2015

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

HERD PROJECTION
Annexure - IV
( Rs. in lakhs)
Particulars For the Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Cows (HF) Inducted/ Replaced 40 0 0 0

Cows in Hand 40 40 38 40 40 40 40 40 40 40

Cows/Heifers Addition 0 0 4 4 6 6 6 6 6 6

Total Mated 40 40 42 42 42 42 42 42 42 42

Less Mortality ( % ) 0 5% 5% 5% 5% 5% 5% 5% 5% 5%

Mortality (No. of Animals) 0 2 2 2 2 2 2 2 2 2

Animals sold 2 4 4 4 4 4 4

Year End Strength 40 38 40 40 40 40 40 40 40 40

Heifers
Beginning Strength 0 14 14 14 14 14 14 14 14 14

Less Mortality ( % ) 0 0% 5% 5% 5% 5% 5% 5% 5% 5%

Mortality (No. of Animals) 0 0 1 1 1 1 1 1 1 1

Retained for replacement 0 4 4 6 6 6 6 6 6 6

Less Sales 0 5 6 6 6 6 6 6 6 6

Year End Strength (incl. Retention) 0 9 7 7 7 7 7 7 7 7

Calves
Total Born (80 %) 32 32 32 32 32 32 32 32 32 32

Females ( 50%) 16 16 16 16 16 16 16 16 16 16

Less Mortality (%) 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%

Mortality (No. of Animals) 2 2 2 2 2 2 2 2 2 2

Year End Strength 14 14 14 14 14 14 14 14 14 14

* A portion of the Heifers will be retained in the system for replacement of unproductive herd.

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

INCOME CALCULATIONS
Annexure - V
( Rs. in lakhs )
Particulars For The Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Lactation Days 8440 10072 9600 9600 9600 9600 9600 9600 8640 9600

Milk Yield ( lakh litres) 0.93 1.11 1.06 1.06 1.06 1.06 1.06 1.06 0.95 1.06

Income - Milk 26.00 31.02 29.57 29.57 29.57 29.57 29.57 29.57 26.61 29.57

Income - Manure 0.48 0.55 0.56 0.56 0.56 0.56 0.56 0.56 0.56 0.56

Heifers Sold 0 5 6 6 6 6 6 6 6 6

Income - Heifer Sale 0.00 1.50 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80

Animals Sold 0 0 0 2 4 4 4 4 4 4

Income- sale of animals 0.00 0.00 0.00 0.24 0.48 0.48 0.48 0.48 0.48 0.48

Income - Gunny Bags* 0.11 0.17 0.17 0.17 0.17 0.17 0.17 0.17 0.15 0.17

Total Income 26.59 33.25 32.10 32.34 32.58 32.58 32.58 32.58 29.61 32.58

*Income from sale of gunny bags @ Rs.10/- per 50 Kg bag

Average MilkYield (LPD) 11.00

Average Milk Price / Litre 28.00
Value of Heifers (Rs.) 30000
Value of Old Animals 12000
Value of Manure/ Cow /Year (Rs.) 1000
Value of Manure/ Heifer /Year (Rs.) 750
Value of Manure/ Calf /Year (Rs.) 350

AVERAGE HERD STRENGTH

Particulars 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Cows (Cross Bred) 40 38 40 40 40 40 40 40 40 40

Heifers 0 12 11 11 11 11 11 11 11 11

Calves 23 23 23 23 23 23 23 23 23 23

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

FEED & FODDER COSTS

Annexure - VI
( Rs. in lakhs )
Particulars For The Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2025

Lactation Days 8440 10072 9600 9600 9600 9600 9600 9600 9600

Dry Days 2988 4614.4 4520 4520 4520 4520 4520 4520 4520

Green Fodder Reqnt. MT 330 447 429 429 429 429 429 429 429

Cost - Green Fodder 1.65 2.23 2.15 2.15 2.15 2.15 2.15 2.15 2.15

Dry Fodder Reqnt. MT 85 120 116 116 116 116 116 116 116

Cost - Dry Fodder 1.71 2.40 2.31 2.31 2.31 2.31 2.31 2.31 2.31

Concentrate Reqnt. MT 56.79 72.91 69.71 69.71 69.71 69.71 69.71 69.71 69.71

Cost - Concentrate 8.52 10.94 10.46 10.46 10.46 10.46 10.46 10.46 10.46

Total Feed Cost 11.87 15.57 14.91 14.91 14.91 14.91 14.91 14.91 14.91

DAILY REQUIREMENT / ANIMAL ( KGs.)

Particulars Lactation Dry Unit Bulls Calves

Period Period Cost (Rs.)

Green Fodder 25.00 20.00 0.50 30.00 7.00

Dry Fodder 6.00 6.00 2.00 6.00 2.00

Concentrates 5.70 1.50 15.00 1.50 0.50

AVERAGE HERD STRENGTH

Particulars 2016 2017 2018 2019 2020 2021 2022 2023 2025

Cows 40 38 40 40 40 40 40 40 40

Heifers 0 12 11 11 11 11 11 11 11

Calves 23 23 23 23 23 23 23 23 23

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

MEDICINE COST
Annexure - VII
( Rs. in lakhs )
Particulars For The Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Herd Strength
-- Cows (CB) 40 38 40 40 40 40 40 40 40 40
-- Heifers 0 12 11 11 11 11 11 11 11 11
-- Calves 23 23 23 23 23 23 23 23 23 23

Cost of Medicine
-- Cows (CB) 0.36 0.34 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60
-- Heifers 0.00 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
-- Calves 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09

Total Medicine Cost 0.45 0.51 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76

* 60% medicine cost is assumed during first two years due to phased induction of animals

Average Cost of Medicine/ Animal/ Year

Particulars Cost/ Year

-- Cows (CB) Rs. 1500

-- Heifers Rs. 600
-- Calves Rs. 400

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

SALARY & WAGES

Annexure - VIII
( Rs. in lakhs )
Particulars Per For The Year Ending March
No. Month* 2016 2017 2018 2019 2020 2021 2022 2024 2025

Farm Manager 0 15000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Veterinary Doctor 1 5000 0.60 0.60 0.63 0.66 0.69 0.73 0.77 0.84 0.89
Farm Supervisors 1 10000 1.20 1.20 1.26 1.32 1.39 1.46 1.53 1.69 1.77
Farm Labourers 4 4000 1.92 1.92 2.02 2.12 2.22 2.33 2.45 2.70 2.84
Accountant 0 8000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sales Assistants 0 7500 1.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total 6 49500 5.52 3.72 3.91 4.10 4.31 4.52 4.75 5.23 5.50

* 5% increase in salary is assumed every year

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

POWER REQUIREMENT
Annexure - IX
( Rs. in lakhs )
Particulars Area Unit No. Total No. of No. of
Power Total
/ HP KW Hrs./Day Days/Yr. Factor Units
Shed Lighting @ 0.10w/sft. 4500 SFT 1 0.45 4 365 0.80 525.6

SIP Set 3.00 HP 1 2.25 4 300 0.80 4320

Chaff Cutting Machine 2.00 HP 1 1.50 4 365 0.80 1752

Milking Machine 2.00 HP 2 3.00 4 365 0.80 3504

Miscellaneous Purposes 5.00 HP 1 3.75 4 365 0.80 4380

Total 10.95 14481.6

Total Projected Requirement Per Year 10.95 KW 14482 Units

Fixed Charges Rs/KW/Month 120.00 15768

Grid Power 100% 14482 Units

Tariff Rs./Unit 6.00 Rs. 86890

Captive Generation 0% 0 Units

Cost Rs./Unit 14.00 Rs. 0

Total Cost at Peak Rs. 102658

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

TOTAL COST
Annexure - X
( Rs. in lakhs )
Particulars For The Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2025

Feed Costs 11.87 15.57 14.91 14.91 14.91 14.91 14.91 14.91 14.91

Medicine Costs 0.45 0.51 0.76 0.76 0.76 0.76 0.76 0.76 0.76

Salary & Wages 5.52 3.72 3.91 4.10 4.31 4.52 4.75 4.99 5.50

Power Cost 0.26 0.77 1.03 1.03 1.03 1.03 1.03 1.03 1.03

Insurance 0.09 0.97 0.97 0.97 0.97 0.97 0.97 0.97 0.97

Repairs & Maintenance 0.04 0.09 0.13 0.18 0.18 0.18 0.18 0.18 0.18

Marketing Expenses 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Costs 18.24 21.63 21.71 21.95 22.16 22.37 22.60 22.84 23.35

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

INSURANCE, REPAIRS & MAINTENANCE

Annexure - XI
( Rs. in lakhs)
Particulars Total Insurance Repairs & Maint.
Value Rate Amount Rate Amount

Land Development 3.75 0% 0.00 0% 0.00

Civil Constructions 13.33 0.50% 0.07 1.00% 0.13

Machinery & Equipment 2.02 1.00% 0.02 2.00% 0.04

Milch Animals 22.00 4.00% 0.88 0.00% 0.00

Misc. Fixed Assets 0.25 2.00% 0.01 2.00% 0.01

Total 41.35 0.97 0.18

* Insurance Rate is Per 1000

DEPRECIATION -- W.D.V. METHOD

(Rs. in lakhs)
Particulars Total Rate For the Year Ending March
Value 2016 2017 2018 2019 2020 2021 2022 2024 2025

Land Development 3.75 5% 0.19 0.18 0.17 0.16 0.15 0.15 0.14 0.12 0.12

Civil Constructions 13.33 10% 1.33 1.20 1.08 0.97 0.87 0.79 0.71 0.57 0.52

Machinery & Equipment 2.02 15% 0.30 0.41 0.50 0.57 0.64 0.84 1.01 1.29 1.39

Milch Animals 22.00 15% 3.30 2.81 2.38 2.03 1.72 1.46 1.24 0.90 0.76

Misc. Fixed Assets 0.25 20% 0.05 0.04 0.03 0.03 0.02 0.02 0.01 0.01 0.01

Total 41.35 5.17 4.63 4.16 3.76 3.41 3.25 3.12 2.89 2.80

Replacement Cost 0.00 1.00 1.00 1.00 1.00 2.00 2.00 2.00 2.00

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
 MODEL PROJECT ON FINANCING DAIRY FARMING

WORKING CAPITAL ASSESSMENT

Annexure - XII
( Rs. in lakhs )
Inventory Total Working Capital
Particulars Period Cost 2016 2017 2018
(Days)

Feed Material
-- Concentrates 90 2.58 2.10 2.70 2.58
-- Dry Fodder 60 0.38 0.28 0.40 0.38
-- Green Fodder 28 0.16 0.13 0.17 0.16

Medicines 30 0.06 0.04 0.04 0.06

Receivables - Milk 7 0.57 0.50 0.59 0.57

Total Current Assets 3.75 3.04 3.90 3.75

Less - Creditors 0 0.00 0.00 0.00 0.00

Working Capital Gap 3.75 3.04 3.90 3.75

Margin 25% 0.75 0.76 0.97 0.83

Working Capital Limit 3.00 2.28 2.92 2.92

Interest on W C Limit * 11.50% 0.31 0.24 0.30 0.30

* Interest calculated on 90% of the limit, 3rd year WC Limit is capped

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

PROFITABILITY STATEMENT
Annexure - XIII
( Rs. in lakhs )
Particulars For The Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Total Sales 26.59 33.25 32.10 32.34 32.58 32.58 32.58 32.58 29.61 32.58

Recurring Expenses 18.24 21.63 21.71 21.95 22.16 22.37 22.60 22.84 21.94 23.35

PB -IDT 8.35 11.62 10.39 10.39 10.42 10.21 9.98 9.74 7.66 9.23

Interest
-- Term Loan 3.75 3.60 3.22 2.74 2.21 1.69 1.07 0.36 0.00 0.00
-- W C Limit 0.24 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30

Depreciation 5.17 4.63 4.16 3.76 3.41 3.25 3.12 3.00 2.89 2.80

PBT -0.81 3.08 2.70 3.59 4.50 4.96 5.49 6.09 4.47 6.13

Provision for Tax 0.00 0.05 0.14 0.32 0.50 0.59 0.70 0.82 0.49 0.83

PAT -0.81 3.03 2.56 3.27 4.00 4.37 4.79 5.27 3.97 5.30

Gross Cash Accruals 4.37 7.66 6.72 7.03 7.41 7.62 7.91 8.27 6.87 8.10

P & L APPROPRIATION ACCOUNT

Opening Balance 0.00 -0.81 2.22 4.78 8.05 12.05 16.42 21.22 26.48 30.46

Profit / Loss -0.81 3.03 2.56 3.27 4.00 4.37 4.79 5.27 3.97 5.30

Closing Balance -0.81 2.22 4.78 8.05 12.05 16.42 21.22 26.48 30.46 35.76

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

REPAYMENT SCHEDULE
Annexure - XIV
( Rs. in lakhs )
Particulars For The Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Net Cash Accruals 8.35 11.56 10.25 10.07 9.92 9.61 9.28 8.93 7.17 8.41
( Interest Added Back)

Term Loan Disburesment 30.00

Year End Liability 30.00 27.60 24.00 19.80 15.60 11.40 5.70 0.00 0.00 0.00

Term Loan Interest 3.75 3.60 3.22 2.74 2.21 1.69 1.07 0.36 0.00 0.00
12.50%

W C L Interest 0.24 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30
11.50%

Instalments 0.00 2.40 3.60 4.20 4.20 4.20 5.70 5.70 0.00 0.00

T L Interest Paid 3.75 3.60 3.22 2.74 2.21 1.69 1.07 0.36 0.00 0.00

Total Repayment 3.99 6.30 7.13 7.24 6.71 6.19 7.07 6.35 0.30 0.30

Surplus Left 4.37 5.26 3.12 2.83 3.21 3.42 2.21 2.57 6.87 8.10

Interest deferred for 6 months during construction period

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING

CASH FLOW STATEMENT

Annexure - XV
( Rs. in lakhs )
Particulars For The Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Inflow

Increase in Term Loan 30.00

Margin for Term Loan 12.67

Increase in WC Limits 2.28 0.64 0.00

Margin for WC Limit 0.76 0.00 0.00

Gross Revenue 26.59 33.25 32.10 32.34 32.58 32.58 32.58 32.58 29.61 32.58

Total 72.30 33.89 32.10 32.34 32.58 32.58 32.58 32.58 29.61 32.58

Outflow
Capital Expenditure 42.23

^ in Current Assets 3.04 0.86 0.00

Recurring Expenses 18.24 21.63 21.71 21.95 22.16 22.37 22.60 22.84 21.94 23.35

Repay - Interest 3.99 3.90 3.53 3.04 2.51 1.99 1.37 0.66 0.30 0.30

Repay - Instalments 0.00 2.40 3.60 4.20 4.20 4.20 5.70 5.70 0.00 0.00

Tax Payment 0.00 0.05 0.14 0.32 0.50 0.59 0.70 0.82 0.49 0.83

Replacement Cost* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total 67.50 28.85 28.98 29.51 29.37 29.15 30.37 30.01 22.74 24.47

Surplus 4.80 5.04 3.12 2.83 3.21 3.42 2.21 2.57 6.87 8.10

* Replacement cost on a lumpsum basis

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
SENSITIVITY ANALYSIS - P & L ACCOUNT
Annexure - XVI
( Rs. in lakhs)
Particulars For The Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2025

Gross Revenue 26.59 33.25 32.10 32.34 32.58 32.58 32.58 32.58 32.58

5% Reduced Income 5% 25.26 31.58 30.49 30.72 30.95 30.95 30.95 30.95 30.95

Recurring Expenses 18.24 21.63 21.71 21.95 22.16 22.37 22.60 22.84 23.35

5% Increased Costs 5% 19.15 22.71 22.80 23.05 23.26 23.49 23.73 23.98 24.51

Gross Profit - Assumed Rates 8.35 11.62 10.39 10.39 10.42 10.21 9.98 9.74 9.23
Gross Profit - Increased Costs 7.44 10.53 9.30 9.29 9.31 9.09 8.85 8.60 8.07
Gross Profit - Reduced Income 7.02 9.95 8.78 8.77 8.79 8.58 8.35 8.11 7.60

Depreciation 5.17 4.63 4.16 3.76 3.41 3.25 3.12 3.00 2.80

Interest 3.99 3.90 3.53 3.04 2.51 1.99 1.37 0.66 0.30

PBT - Assumed Rates -0.81 3.08 2.70 3.59 4.50 4.96 5.49 6.09 6.13
PBT - Increased Costs -1.72 2.00 1.61 2.49 3.39 3.85 4.36 4.94 4.96
PBT - Reduced Income -2.14 1.42 1.09 1.97 2.87 3.33 3.86 4.46 4.50

Tax - Assumed Rates 0.00 0.05 0.14 0.32 0.50 0.59 0.70 0.82 0.83
Tax - Increased Costs 0.00 0.00 0.00 0.10 0.28 0.37 0.47 0.59 0.59
Tax - Reduced Income 0.00 0.00 0.00 0.00 0.17 0.27 0.37 0.49 0.50

PAT - Assumed Rates -0.81 3.03 2.56 3.27 4.00 4.37 4.79 5.27 5.30
PAT - Increased Costs -1.72 2.00 1.61 2.39 3.11 3.48 3.89 4.35 4.37
PAT - Reduced Income -2.14 1.42 1.09 1.97 2.70 3.07 3.49 3.97 4.00

C. Accruals - Assumed Rates 4.37 7.66 6.72 7.03 7.41 7.62 7.91 8.27 8.10
C. Accruals - Increased Costs 3.45 6.63 5.77 6.15 6.52 6.73 7.01 7.35 7.17
C. Accruals - Reduced Income 3.04 6.05 5.26 5.73 6.10 6.32 6.61 6.96 6.80

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
MODEL PROJECT ON FINANCING DAIRY FARMING
TAX CALCULATION
Annexure - XVII
( Rs. in lakhs)
Particulars For The Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2025

At Assumed Rates
PBT -0.81 3.08 2.70 3.59 4.50 4.96 5.49 6.09 6.13
Cum. Profit / Loss -0.81 2.27 4.97 8.56 13.07 18.03 23.52 29.61 40.20
Profit Considered -0.81 2.27 2.70 3.59 4.50 4.96 5.49 6.09 6.13
Taxable Profit 0.00 2.27 2.70 3.59 4.50 4.96 5.49 6.09 6.13
Tax 20% 0.00 0.05 0.14 0.32 0.50 0.59 0.70 0.82 0.83

At Increased Costs
PBT -1.72 2.00 1.61 2.49 3.39 3.85 4.36 4.94 4.96
Cum. Profit / Loss -1.72 0.28 1.89 4.39 7.78 11.63 15.99 20.93 29.26
Profit Considered -1.72 0.28 1.61 2.49 3.39 3.85 4.36 4.94 4.96
Taxable Profit 0.00 0.28 1.61 2.49 3.39 3.85 4.36 4.94 4.96
Tax 20% 0.00 0.00 0.00 0.10 0.28 0.37 0.47 0.59 0.59

At Reduced Income
PBT -2.14 1.42 1.09 1.97 2.87 3.33 3.86 4.46 4.50
Cum. Profit / Loss -2.14 -0.72 0.38 2.35 5.22 8.56 12.42 16.88 24.36
Profit Considered -2.14 -0.72 0.38 1.97 2.87 3.33 3.86 4.46 4.50
Taxable Profit 0.00 0.00 0.38 1.97 2.87 3.33 3.86 4.46 4.50
Tax 20% 0.00 0.00 0.00 0.00 0.17 0.27 0.37 0.49 0.50

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
DSCR STATEMENT
Annexure - XVIII
( Rs. in lakhs)
Particulars For The Year Ending March
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Funds Available
PAT - Assumed Rates -0.81 3.03 2.56 3.27 4.00 4.37 4.79 5.27 3.97 5.30
PAT - Increased Costs -1.72 2.00 1.61 2.39 3.11 3.48 3.89 4.35 3.10 4.37
PAT - Reduced Income -2.14 1.42 1.09 1.97 2.70 3.07 3.49 3.97 2.79 4.00

Depreciation 5.17 4.63 4.16 3.76 3.41 3.25 3.12 3.00 2.89 2.80
Interest on T L 3.75 3.60 3.22 2.74 2.21 1.69 1.07 0.36 0.00 0.00

Total - Assumed Rates 8.11 11.26 9.94 9.77 9.62 9.31 8.98 8.62 6.87 8.10
Total - Increased Costs 7.20 10.23 9.00 8.89 8.73 8.42 8.08 7.71 5.99 7.17
Total - Reduced Income 6.79 9.65 8.48 8.47 8.32 8.01 7.68 7.32 5.68 6.80

Commitments
T L Instalments 0.00 2.40 3.60 4.20 4.20 4.20 5.70 5.70 0.00 0.00

T L Interest Paid 3.75 3.60 3.22 2.74 2.21 1.69 1.07 0.36 0.00 0.00

Total 3.75 6.00 6.82 6.94 6.41 5.89 6.77 6.05 0.00 0.00

DSCR - Assumed Rates 2.16 1.88 1.46 1.41 1.50 1.58 1.33 1.43 #DIV/0! #DIV/0!

DSCR - Increased Costs 1.92 1.71 1.32 1.28 1.36 1.43 1.19 1.27 #DIV/0! #DIV/0!

DSCR - Reduced Income 1.81 1.61 1.24 1.22 1.30 1.36 1.13 1.21 #DIV/0! #DIV/0!

Avg. DSCR - Assumed Rates 1.56

Avg. DSCR - Increased Costs 1.40
Avg. DSCR - Reduced Costs 1.33

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
HOUSING REQUIREMENT

Cows 40
Bulls 0 Annexure - XIX
( Rs. in lakhs)
Particulars Reqnt./ Max. Herd Total Actual
Animal Strength Reqnt. Availability

Sheds - SFT
-- Cows (CB) 50 40 2000 2800
- Calving Pen / Calf Shed 25 32 800 800
-- Heifers 30 20 600 700
-- Sick Animals 50 2 100 200

Total Shed Area 3500 4500

Paddock Area - SFT

-- Cows 80 40 3200
-- Heifers 45 20 900
-- Calves 20 32 640

Total Paddock Area 4740

WATER REQUIREMENT - Cattle

Particulars Drinking Water / Animal Total / Herd Total

Maitn. Milking Misc. Animal Strength Rqnt.- LPD

Cows 40 40 60 140 40 5600

Heifers 40 0 25 65 20 1300
Calves 20 0 20 40 32 1280

Total 8180

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai:
September 2014
 FODDER REQUIREMENT
Annexure - XX
( Rs. in lakhs)
Duration Yield / Total
Particulars Acreage of Crops Acre Yield
(Days) (MT)

Guinea Grass 3.00 30-40 70 210

Rhodes Grass 0.00 30-40 60 0

Lucern 1.00 25-30 30 30

Maize 0.00 75-85 40 0

( 3 Crops / Year)

Hybrid Napier 2.00 40-50 90 180

Total 6.00 420

Fodder Requirement per Day = 1.15 MT

Fodder Availability per day = 1.15 MT

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai: September 2014
 DISCOUNTED CASH FLOW
Annexure XXI

For The Year Ending March

Particulars 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Total Income 26.59 33.25 32.10 32.34 32.58 32.58 32.58 32.58 29.61 32.58

Less: Total Expenditure 18.24 21.63 21.71 21.95 22.16 22.37 22.60 22.84 21.94 23.35

Less: Tax 0.00 0.05 0.14 0.32 0.50 0.59 0.70 0.82 0.49 0.83

Add: Salvage value of Fixed Assets 16.15

Total Cash inflow after Tax 8.35 11.56 10.25 10.07 9.92 9.61 9.28 8.93 7.17 24.56

Cash Outflow
Capex 42.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Net Cashflow (post tax) -33.88 11.56 10.25 10.07 9.92 9.61 9.28 8.93 7.17 24.56

Disc.factor @15% 1 0.87 0.756 0.658 0.572 0.497 0.432 0.376 0.327 0.284

PW at DF@15% -33.9 10.05 7.749 6.621 5.673 4.78 4.013 3.356 2.344 6.982

Disc.factor @30% 1 0.769 0.592 0.455 0.35 0.269 0.207 0.159 0.123 0.094

PW at DF@30% -33.9 8.893 6.064 4.583 3.474 2.589 1.923 1.423 0.879 2.316

IRR @ Normal Rates ==> 28.1%

Model Project on dairy farming (40 cows) prepared by Special Cell for Hi-tech Agriculture, IDBI Bamk Ltd. Corporate Office, Mumbai: September 2014