STARCH22.

780TON/YR=67T/24HR

STARCH12.580TON/YR=37T/24HR
GLUCOSE10.200TON/YR=30TON/24HR

$
2,940,000.00
$

$
200,000.00
$
380,000.00
$
280,000.00
$
96,000.00
$
48,000.00
$

$
300,000.00
$
1,500,000.00
$
5,744,000.00

8.80

50,547,200.00

4,000,000.00

750,000.00

1,200,000.00

56,497,200.00
9.0%

12.00

4,940,763.57

59,289,162.88

8,208,000.00

8,160.00

976.20

200.00

0.70

6,718,454.40

4.50

34,000.00

7.00

4.00

1,071,000.00

15.00

0.50

126.50

0.82

6,348,276.00

2,824,860.00

2,300.00

34,000.00

78,200,000.00

103,370,590.40

162,659,753.28

$
4,216,000.00
$

$
200,000.00
$
380,000.00
$
337,280.00
$
96,000.00
$
48,000.00
$

$
300,000.00
1,500,000.00
$
$
7,077,280.00

8.80

62,280,064.00

4,000,000.00

7,500,000.00

1,200,000.00

74,980,064.00
9.0%

12.00

6,557,117.33

78,685,407.90

8,208,000.00

8,160.00

1,190.20

200.00

0.70

7,940,822.40

4.50

34,000.00

7.00

4.00

1,071,000.00

15.00

0.50

126.50

0.82

6,348,276.00

3,749,003.20

2,300.00

34,000.00

78,200,000.00

105,517,101.60

184,202,509.50

PRODUCTION340D/YREPCSUZHOUCMTOUTPUTFIGURESSTARCH+BYPRODUCTS

COSTS
Manufacturingequipment+spares
Maceratingtanks,sulpheracidmakingequipmentincluded
SteamBoiler+foundationseecapacityitem43
Storagetank3x70m3@100.000US$,laboratoryequipment&80.0000US$
Overseasandlocaltransport8%ofequipmentcosts
Installation,adjustmentandshakedowntestcosts4engineers6months@4.000US$/m
Startupphase+knowledgetransfercosts4engineers3months@4.000US$/m
Civilproductionprocesselectriclayout/diagrams,managementbuilding+oper.Incl.
Safetyinstallationsstairsetc.firecontrolsystem,environmentalprotection
Sewagetreatmentsystem1.000.000US$+pools(civils)
US$COSTSTARCHEQUIPMENT,INSTALLATION,STARTUPPRODUCTION
ExchangeRateUSdollarRand
RANDCOSTSTARCHEQUIPMENT,INSTALLATION,STARTUPPRODUCTION
Land+bulkserviceinfrastructure380V/220V,50Hz+water
Building3.000m2,3floors+product+rawmaterialwarehouse1.000m2
20tontruck+2forklifttruckR
TOTALCOSTSEQUIPMENT,BUILDING,TRANSPORT
Costoffinanceat
LOANREPAYMENTPERIODINMONTHS
Loanmonthlyrepaymentamount
LOANREPAYMENTFIRSTYEAR
COSTPERSONEL(SPECIFICATIONSHEET3)
Yearlyusage24hrsx340days
Electricityconsumptionfactoryequipment459.42kW+auxillaries100kW
Auxilliries
PriceperkWh
COSTELECTRICITY(=24HRx340DAYS)
Water:potablewaterpertonstarch
Feedstockinton=corn
CostspotablewaterperKLinRand
Wastewater4KLpertonstarch
Costswastewaterdispersion4R/KL
COSTWATER
Steamrequired:pressure0.50.88Mpa,inTON/HR
PriceriverwaterorboreholewaterperKL
Coal050mminKG/TONsteam,heatvalue5.6kCal
Pricecoalperkg10$cts=0.82Rcts
COSTSTEAM(=24HRx340DAYS)
COSTMAINTENANCE5%EQUIPMENTANDBUILDINGCOSTS
PricecornSAJune2012R/ton(pricedifferencescalculatedinstarchproducts)
Inputwhitecorngrade1max14%moistureton/yrstarchproductionx1.5
COSTFEEDSTOCK=WHITECORN,MAX14%MOISTURE
COSTSOFOPERATIONSPERYEAR
COSTSLOANREPAYMENTANDOPERATIONFIRSTYEAR

STARCH22.780TON/YR=67T/24HR
PRODUCTION340D/YREPCSUZHOUCMTOUTPUTFIGURESSTARCH+BYPRODUCTS

STARCH12.580TON/YR=37T/24HR
GLUCOSE10.200TON/YR=30TON/24HR

INCOME
VOLUMECOREPRODUCTSSTARCHANDGLUCOSEMALTOSE
Productionstarchdriedwhitepowder=67%

22,780.00
Productionglucosemaltosesyrup=67%

VOLUMEBYPRODUCTSSTARCHANDGLUCOSEMALTOSE

2,210.00
CornGerm,moisture4%,45%fat,sameenergyascorn,bulk=6.5%
Cornoilcake,2%fat,highinfiber,lessenergythancorn=3.6%

1,224.00
CornOil,humangrade=oilsepereatedfromthegerm=2.6%

884.00

2,040.00
CornGlutenMeal810%moisture,65%protein,fat4%;bags=6%
CornGlutenFeed10%moist,20.5%prot,highfiber,bulk,nopellets=11.4%

3,876.00
CornSteepLiquor,23%prot,50%drymatter,excellentenergy
unknown
PRICESWHOLESALEMARKETSARANDCOREPRODUCTS
Rand/tonsalesnativestarch,whiteprice(notincludedincrease8%early2013)

7,300.00

Rand/tonsalesglucose43DEprice(notincludedincrease8%early2013)
PRICESWHOLESALEMARKETSARANDBYPRODUCTS
CornGerm,moisture4%,45%fat,sameenergyascorn,bulk

5,330.00
Cornoilcake,2%fat,highinfiber,lessenergythancorn

1,640.00

10,028.00

CornOil,humangrade=oilsepereatedfromthegerm
CornGlutenMeal810%moisture,65%protein,fat4%;bags

4,920.00
CornGlutenFeed10%moist,20.5%prot,highfiber,bulk,nopellets

1,763.00

5,740.00
CornSteepLiquor,23%prot,50%drymatter,excellentsourceofenergy

12,580.00

10,200.00

2,210.00

1,224.00

884.00

2,040.00

3,876.00
unknown

7,300.00

7,000.00

5,330.00

1,640.00

10,028.00

4,920.00

1,763.00

5,740.00

TURNOVER
GROSSTURNOVER1styear
COSTSOPERATIONANDLOANREPAYMENT1styearrepaidstarchandstarch/glucosesyrup
Branding,marketing,sales,PR;percentageofturnover
Costofmarketing
TURNOVERBEFORETAXES

205,815,600.00
202,755,600.00

162,659,753.28
184,202,509.50

0.06
0.06

12,348,936.00
12,165,336.00

30,806,910.72
6,387,754.50

GROSSTURNOVER2ndyear
COSTOPERATIONS2ndyear
Branding,marketing,sales,PR;percentageofturnover
Costofmarketing
TURNOVERBEFORETAXES

205,815,600.00
202,755,600.00

103,370,590.40
105,517,101.60

0.05
0.05

10,290,780.00
10,137,780.00

92,154,229.60
87,100,718.40

Starchslurryisconvertedtoglucose(sugar)syrupandrefinedtodifferentgradesofsweetnessDEorDextroseEquivalent;HFCSismadefromrefinedhighDEglucosesyrup
Cornglutenfeed=cornsteepliquor+cornbran(=fiber)=driedtogether