5 Acre Polyhouses

for cultivation of
Exotic Vegetables
About Aguracy
Our Vision Aguracy - Accuracy in Agriculture
Provide Infrastructure for sustainable farming
Deliver premium quality produce directly to consumers
Establish forward and backward linkages for year-round
availability and delivery of produce

Farm to Fork Model

Collaboration between
Farmers
Aguracy Projects Team
Aguracy Sales team

End to End customized offerings

Turnkey services for Greenhouse Infrastructure
Complete Agronomy support
Buyback/Profit sharing model for produce
Our Market
Institutional Sales – HORECA (Hotels, Restaurants &
Caterers)
Currently supplying directly to Institutions in Chandigarh
Working on long term supply contracts with some institutions
Starting institutional sales in Patial and Ludhiana soon
Retail Sales
‘Tazy’ for retail market
Market through retailers
Launched in Chandigarh
Open own retail stores
Export
Export to Middle East, Europe and South Asia
5 Acre – Polyhouse Project
Sample Project – Can be scaled up or replicated in other
geographies
Set up under National Horticulture Board Subsidy Scheme
Area Required – 6 Acres
5.25 Acres for Polyhouses
2 Acres Naturally Ventilated Polyhouse
2 Acres Hi-Tech Greenhouse with Fan & Pad System
1 Acre Net house
.25 Acres Hydroponic Hi-Tech Greenhouse
.75 Acre of Amenities and Utilities
Water Tank
Packhouse
Washing, grading, sorting and Packaging
Cold Store
Labour Quarters & Store
Control Room & Office
NHB – Subsidy Scheme
National Horticulture Board – Scheme 1 -
Development of Commercial Horticulture through
production and post harvest management
Production Related Component
Specifically for high quality commercial crops
Credit linked back-ended subsidy scheme
@25% of project cost with ceiling of Rs 50 Lakhs
Primary Processing Related Component
For Grading, sorting, washing, packing etc. @ 40%
For Pre-cooling/cold stores @ 40%
For Reefer Vans @ 40%
For Plastic crates/bins @ 50%
Limited to Rs 50 Lakh per project
Vegetable Cultivation
Various Exotic vegetables can be successfully
cultivated in naturally ventilated polyhouse:
Yellow/Red Bell pepper
Lettuce
Seedless Cucumber
Broccoli
Hybrid Tomato
Cherry Tomato
Green Capsicum
Yellow/Green Zucchini
Aguracy will develop the crop schedule for 5 Acres
Crop Mix – 5 Acres
Since this is a pilot project, 4 different crops have been
considered for the sample project
Crops
Crop Total Area Expected Yield
(Acres) (Tons per Acre)

Bell Pepper 2 Acre 50 Tons

(yellow/red)
Green Capsicum 2 Acre 60 Tons

Lettuce .25 Acre 100 Tons

Hybrid Tomato 1 Acre 80 Tons

Financials – Key Assumptions
Total land– 6 Acres
Greenhouses on 5.25 Acres
.75 acres for amenities and utilities like water tank,
pump house, control room, parking etc.
Debt:Equity ratio 75%:25%
Rate of Interest @ 12%
First year production for only six months, six months
as time to set up 5.25 Acres Polyhouses
Project Cost - Greenhouses

S. No. Description Unit Quantity Price/Unit Total Amount

Rs

A Greenhouse Infrastructure - Naturally ventilated sqm. 8000 700 Rs. 5600000.00

B Greenhouse Infrastructure - Fan & Pad sqm. 8000 1100 Rs. 8800000.00

C Net House sqm. 4000 500 Rs. 2000000.00

D Drip Irrigation and Fogger sqm. 20000 110 Rs. 2200000.00

2X500 sqm Hydroponic Greenhouse with Fan
E Pad sqm. 1000 2200 Rs. 2200000.00

F Automation - Fertigation/Climate Control No. 1 750000 Rs. 750000.00

G Bed Preparation / Land Development* sqm. 20000 40 Rs. 800000.00

* Estimate for Bed Preparation. Actual cost will depend on the soil and can be
calculated after detailed soil assessment.
 Project Cost - Amenities
S. No. Description Unit Quantity Price/Unit Total Amount

(Rs) (Rs)

H Water Tank/Borewell No. 1 500000 Rs. 500000.00

I Internal Development - Fencing/Lighting/Roads No. 1 500000 Rs. 500000.00

J Power Sprayer, Mulching and Culling Equipment No. 1 100000 Rs. 100000.00

K Pack House No. 1 500000 Rs. 500000.00

L Pre-Cooling/Cold Storage No. 1 500000 Rs. 500000.00

M Grading, Sorting & Packaging No. 1 1200000 Rs. 1200000.00

N Control Room No. 1 450000 Rs. 450000.00

O Labour Quarters No. 1 300000 Rs. 300000.00

P Plastic Crates No. 1 300000 Rs. 300000.00

Q Reefer Van/Trolleys/Containers No. 1 1400000 Rs. 1400000.00

Project Finance
Project financed through a mix of debt(@12% rate of
interest), subsidy and equity
SR.NO. PARTICULARS AMOUNT TOTAL AMOUNT
1. NHB Subsidy 9,360,000

2.Margin Money 7,025,000 28,100,000.00

3. Debt 21,075,000
4. Net Debt after Subsidy 11,715,000
A
1. Ratio of Owner's Funds 25.00%
2.Ratio of Debt 75.00%
3. Ratio of Subsidy 33.31%
4. Ratio of Debt after Subsidy 41.69%
B Working Capital Loan 1500000.00 1,500,000.00
Production and Sales
Colour Green
Description Unit Capsicum Capsicum Tomato Lettuce Total

Production

Area Acres 2 2 1 0.25 5.25

Type Fan Pad Polyhouse Nethouse Hydroponic

Production per
Acre Kg 50000 60000 80000 100000 63333

Total Production Kg 100000 120000 80000 25000 300000

Quantity per
month Kg 8333 10000 6667 2083 25000

Revenue

Unit Price Rs/Kg 48 28 15 44

Sales Revenue Rs 4800000 3360000 1200000 1100000 10460000

Operating Costs
Colour Green
Description Unit Capsicum Capsicum Tomato Lettuce Total
Plantation
Cost/acre Rs/Acre 144000 55000 50000 150000 92476

Labour/acre Rs/Acre 212571 212571 212571 212571 212571

Fertlizer/Pesticide/
Others Rs/Acre 140000 140000 60000 250000 130000

Sorting/Packing Rs/Acre 100000 30000 40000 200000 66667

Electricity Rs/Acre 150000 25000 25000 100000 76190

Insurance Rs/Acre 15000 10000 8000 15000 11762

Cost/acre Rs/Acre 761571 472571 395571 927571 589667

Total Cost Rs 1523143 945143 395571 231893 3095750

Income Forecast
Colour Green
Description Unit Capsicum Capsicum Tomato Lettuce Total

Area Acres 2 2 1 0.25 5.25

Total Production Kg 100000 120000 80000 25000 300000

Quantity per month Kg 8333 10000 6667 2083 25000

Total Cost Rs 1486571 908571 377286 227321 2999750

Unit Price Rs/Kg 48 28 15 44

Sales Revenue Rs 4800000 3360000 1200000 1100000 10460000

Net Income Rs 3276857 2414857 804429 868107 7364250

Unit Income Rs/Kg 33 20 10 35

Income Per Acre Rs 1638429 1207429 804429 3472429 1402714

 Profitability Statement
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10

Sales 5,230,000 10,773,800 11,097,014 11,429,924 11,772,822 12,126,007 12,489,787 12,864,481 13,250,415 13,647,928

Operating
Expenses 1,517,000 3,185,700 3,344,985 3,512,234 3,687,846 3,872,238 4,065,850 4,269,143 4,482,600 4,706,730
Other
Expenses 30,875 64,838 68,079 71,483 75,058 78,810 82,751 86,888 91,233 95,795

EBITDA 3,682,125 7,523,263 7,683,950 7,846,207 8,009,919 8,174,958 8,341,186 8,508,449 8,676,582 8,845,403
Interest on
Term Loan 728,004 728,004 728,004 728,004 728,004 728,004 728,004 - - -
Interest on
Working
Capital 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000

Depreciation 3,180,000 2,749,500 2,390,175 2,087,876 1,831,628 1,612,869 1,424,886 1,262,374 1,121,120 997,745

Total 4,088,004 3,657,504 3,298,179 2,995,880 2,739,631 2,520,873 2,332,889 1,442,374 1,301,120 1,177,745

Net Profit (405879) 3,865,759 4,385,771 4,850,327 5,270,287 5,654,085 6,008,297 7,066,075 7,375,462 7,667,658
Key Ratios
PARTICULARS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7

D. S. C. R. 1.46 3.06 3.12 3.19 3.26 3.33 3.40

Average DSCR 2.97

Profit Ratios

Net Profit Ratio -8% 36% 40% 42% 45% 47% 48%

Average Profit Ratio 45%

Net Cash Profit Ratio 53% 61% 61% 61% 60% 60% 60%

Average Cash Profit Ratio 61%

IRRs

Project IRR 34%

Equity IRR 99%

Thank You