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Feasibility Report A-1 Feed Industry

PROJECT REPORT

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Feasibility Report A-1 Feed Industry

“POULTRY FEED INDUSTRY”

SUBMITTED TO:

Mr. JAVAID IQBAL (Chairman)

SUBMITTED BY:

NAME ROLL NO

HASAN QURESHI (29)

RAHIQA FATIMA (21)

JAWAD UL HASAN (08)

Msc (Accounting & Finance) 3rd Semester

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Feasibility Report A-1 Feed Industry

PREFACE
It is stated that the student of Department of Commerce
presently in M.Sc (Accounting & Finance) 3rd semester have
given project on “POULTRY FEED INDUSTRY”

Department of Commerce is being aware of the importance of practical


training, requires every M.Sc (Accounting & Finance) student to make a
project Assignment.

We also have also visited a Poultry Feed Industry Named as SHAMIM


FEED INDUSTRY SAMA SATTA LINK ROAD,
BAHAWALPUR.

We have tried our best to collect the knowledge and information. It has
broadened out knowledge and vision about the market.
This Report is the Explanation of all work done by project Team.

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Feasibility Report A-1 Feed Industry

DEDICATED

To
TO
Due to one person we are able to do such a works.
He has produce skills in our selves. We have
dedicated all our work to very

Intelligent Charming, Educated, And Lime light


For student The One and Best OUR Teacher:

Javaid Iqbal

Thank you Sir

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Feasibility Report A-1 Feed Industry

ACKNOWLEDGEMENT

Up and above everything, we are thankful to ALMIGHTY


ALLAH, the most Beneficent and merciful, and His Holy
Prophet (Peace be upon him) Who is forever a true torch of
guidance for whole humanity. We am greatly obliged to
“ALLAH” by Whom grace we have been able to complete this
Project Report successfully.

We also offer our thanks to Honorable Mr. Javaid Iqbal for


providing us a chance to work in such a Profitable Industrial
Project.
We also offer our thanks to Respect Parents for being supports
us in all means Financially and Mentally to complete our work.
We also thank to the General Manager Mr. Saqib Faheem
Butt, & officer of the Shamim Feed Industry Sama Satta Link
Road, BAHAWALPUR. to Help us in completing our work..

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Feasibility Report A-1 Feed Industry

Table of Contents

Contents Page#
Executive Summary 07
Name & Location of Project 09
Objectives & Key Success Factors 12
Introduction 14
Management 15
Project Scheduling Diagram 17
Technical Analysis 18
Market Analysis 23
Economic Analysis 30
Ratios 37
Assumptions underlying Earning Forecast 42
Projected Financial Statements 43
Break Even Analysis 53
Weighted Average Cost of Capital 55
Internal Financial Rate of Return 56
Auditing Plan 59
Exit Strategy and Risk Assessment 60

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Feasibility Report A-1 Feed Industry

Executive Summary

Title: “POULTRY FEED INDUSTRY”

Project Assignment:

Each student of MSc. (Accounting & Finance) 3rd semester


required preparing a sold Project Assignment. The Project
assignment is given to increase our knowledge about “Project
Management”.

Objectives:

1. SWTO analysis of Poultry Feed.


2. Identify and list down the all aspects and important points
of Feed Industry.
3. What is a Production Process.
4. What is Cost of unit, Means of finance, Estimated income
statement, Estimated Balance sheet, etc.

Approach to Project:

The Team of project will, analyze, summarize, and interpret the


data, which are collected different primary and secondary
sources.

Data Collection:

Both primary and secondary means of data will be used to


collect the Data. Like Books, Internet, personal visits, teacher
guidance etc.

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Feasibility Report A-1 Feed Industry

Primary Sources:

The Team of Project personally visited the FEED INDUSTRY


for practical view: Unit selected is;
‘SHAMIM FEED INDUSTRY BAHAWALPUR’

Questionnaire:

Project Team has prepared a Questionnaire that contains 100


Questions and exists on 15 pages for Management of
‘SHAMIM FEED INDUSTRY BAHAWALPUR’
.
Data Preparation & Analysis:

After collection of all the data through both primary &


secondary means, team will used MS. Word, MS. Excel, MS.
Power point etc.

Time Frame:

Time period is allowed is one month 15/12/2009 to 18/01/2010.

Limitation:

Team has visited the various people but the information given
by them is just based of approximation.

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Feasibility Report A-1 Feed Industry

Name of Project

‘A-1 FEED INDUSTRY’

Location of Project

Head office: “P.O. BOX. 1245 Small-Industries Bahawalpur”

Tel: 0622-88473

Fax: +92-62-88844, 88843

Contact Person: Hasan Qureshi


( CEO)
E-mail: jawad_hasan@ yahoo.com
Jawad ul Hasan
Branch: Sama Satta Link Road Bahawalpur.

CITY

“ Pakistan- Bahawalpur”

LOCATION

“ Small- Industries”

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Feasibility Report A-1 Feed Industry

PRODUCTS

1-Brailer Feed (for starter & finisher)


2-Layer Feed (for starter & finisher)
3-Breeder

Installed Capacity

The capacity of projected plant produces 361200 Bags at 100% Efficiency per Year.

Cost of Project

Fixed Cost 36136892


Initial Working Capital +34999705
71136597

Means of Finance

Debt 49%
Equity 51%

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Feasibility Report A-1 Feed Industry

Names of Lender

Muslim Commercial Bank Ltd. Bahawalpur.

Names of Sponsors

A- Hasan Qureshi
B- Jawad ul Hasan
C- Rahiqa Fatima

Name of Civil
Contaractor
“Amin & Co. LDA Plaza, Lahore”
.
Name of
MachinerySupplier
“Uzair & Co. Engineering Limited,Lahore”

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Feasibility Report A-1 Feed Industry

Implementation Schedule
Implementation Schedule

Sr.N
o. Activities Month Year
Engineering studies and designing of civil
1 works: 2010

Start January 2010

Complete February 2010

3 Construction of Building and Civil works: 2010

Start February 2010

Complete September 2010

4 Order for foreign machinery March 2010

5 Arrival of foreign machinery at sea port September 2010

6 Arrival of foreign machinery a site October 2010

7 Order for local machinery June 2010

8 Arrival of local machinery at site September 2010

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Feasibility Report A-1 Feed Industry

Financial Ratios

Current Ratio
Current Ratio 2.16 1.87 1.71

Current Ratio

3
Years

2 Series1

0.00 0.50 1.00 1.50 2.00 2.50


Times

Gross Profit Ratio


GROSS PROFIT 12.15% 12.99% 11.54%

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Feasibility Report A-1 Feed Industry

Gross Profit Ratio

Series1
2

10.0% 11.0% 12.0% 13.0% 14.0%

Operating Profit Ratio

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Feasibility Report A-1 Feed Industry

OPERATING PROFIT 9.30% 10.26% 8.83%

Operating Profit Ratio

10.5%

10.0%
9.5%
9.0%
Series1
8.5%
8.0%
S1
1
2
3
year

Net Profit Ratio

6.87% 8.33% 7.39%

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Feasibility Report A-1 Feed Industry

Net Profit Ratio

8.0%

7.0%

6.0%

5.0%

4.0%
Series1
3.0%

2.0%

1.0%

0.0%
0 1 2 3 4

Internal Rate of Return


IRR= 24%

Payback Period
2 YEARS.
Sponsor’s Stake
51%

Introduction of Company

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Feasibility Report A-1 Feed Industry

Shamim Group of Industries


• Shamim Feed Industry

• Shamim Ghee Mill

• Shamim Oil Mill

Shamim Feed Industry

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Feasibility Report A-1 Feed Industry

Market Analysis

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Feasibility Report A-1 Feed Industry

Brief Description of Market


Role of feed and nutrition for livestock production is as essential as management or
animal itself but its fiscal contribution surpasses all other aspects. A
good nutrition plays a significant role for optimum production and in
my opinion, on a scale of 1 to 10, it has rating of 7. Since last two
decades science of nutrition, both in humans and animals, has taken
centre-stage in the field of research, rather it is considered more
important than pathological or medicinal aspects of production and
life.
To provide feed in Punjab Late Mian Mukhtar (elder brother of Mian Mumtaz)
constructed a feed mill, Ani Feed in Gujranwala in 1967. The late Dr. Naseer Butt
was the first full time veterinarian nutritionist; Dr. Abdul Ghafoor, Dr. Tariq Anjum
and Dr. Zia Qureshi joined Ani Feed as his assistants. In 1968 Aftab Feed was built in
Karachi by Mian Aftab; but later on changed its name to Mehran Feeds.

Shahzor group (now named as Sabir's) has erected and started Multan Feeds near
Multan while Sharif Feed by Sharif's (Shahbaz Sharif family) has also commenced its
commercial operation. Hi Tech and SB group are currently in the process to build new
feed mills in Sahiwal, both feed mills are planned to manufacture 120 tons pellet feed
per hour. Big Feed has also build a new feed mill tower at the old location and
currently producing feed from new facility.

Some new feed mill plants are under construction in Punjab; Dawood Feed by Pakasia
group near Pattoki and Khawaja Feeds in Multan, both of these plants are expected to
start production within this year. OK Feed (Van Aarsen Pellet Mill C750) by OK Oil
is being also constructed near Pattoki. Dr. Ghulam Nabi of Asia Feeds too is planning
to build a new feed mill in Karachi along with Mr. Nabi Bakhsh of Sind Feeds,
moreover Dr. Aslam of Islamabad group is planning for a new feed mill in Okara
area. Younger brother of Dr. Sadiq, Mian Javed who recently separated from SB
Poultry to start his own brand as Jadeed Chicks is also assembling a feed mill near
Khanewal. These feed mills are expected to commence their operation in 2010.

Feed Production in Pakistan of Last Five


Productions in Pakistan Province Wise (tones)

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Feasibility Report A-1 Feed Industry

Province Feed capacity 2003 2004 2005 2006 2007 2008 2009
Punjab 3600 1100 1251 1420 2180 2250 2600 3000
Sindh 1500 370 456 510 420 620 680 875
NWFP 250 90 100 100 120 130 80 50
Balochistan 120 66 84 97 97 100 50 50
Total Pakistan 5470 1625 1891 2127 2817 3100 3410 3975

Present Demand

The Demand of feed in last few years is increasing because the agriculture sector is
now growing and the demand of feed is also increasing.

Distributuion Channel

Demand Supply Gap


The Demand & Supply gap is 4% which is increasing per year.

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Feasibility Report A-1 Feed Industry

Technical Analysis

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Feasibility Report A-1 Feed Industry

The process of feed production is given below

List of Machinery

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Feasibility Report A-1 Feed Industry

Hammer Mill

Mixer

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Feasibility Report A-1 Feed Industry

Elevator

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Feasibility Report A-1 Feed Industry

Conveyor

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Feasibility Report A-1 Feed Industry

Strainer

Pellet Machine

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Feasibility Report A-1 Feed Industry

Working of Pellet Machine

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Feasibility Report A-1 Feed Industry

Packing Machine

Boiler

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Feasibility Report A-1 Feed Industry

Raw Materials
Required
5- RAW MATERIAL REQUIREMENT

Poultry Feed (For Bridder&Brialer)/50kg 50kg


Annually
Material Material in kg
Annual Bags Cost each
Descriptio For one Bag for annual Unit cost
Produced Production Material
n
Items
Maiz 13% 1,565,200 40 62,608,000
Wheat 14% 1,685,600 23 38,768,800
Rice 14% 1,685,600 13 21,912,800
Sun Fiower 5% 602,000 30 18,060,000
cotton seed
2% 240,800 7 1,685,600
Meal
Soyabeen
5% 602,000 20 12,040,000
Seed
Cynola seed 5% 602,000 20 12,040,000
Na,Ca,Mg 6% 722,400 5 3,612,000
Vit,Pro,nd 240,800
other 5% 602,000 6 3,612,000
chemicals
Fish,chicken
11% 1,324,400 17 22,514,800
wastage
Grains 8% 963,200 8 7,705,600
Minerls,Mola
12% 1,444,800 13 18,782,400
sses
Packing
material 1 240,800 3 722,400
(Bags)
Total Annual
224,064,400
Cost

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Feasibility Report A-1 Feed Industry

Poultry Feed For Layer


50kg
Requireme
Annual nt of Annually
Require Bags Material in Unit Cost each
Material Description
d Produce unit for cost Material
d annual Items
Production
31,304,00
Maiz 13% 782,600 40
0
19,384,40
Wheat 14% 842,800 23
0
10,956,40
Rice 14% 842,800 13
0
Sun Fiower 5% 301,000 30 9,030,000
cotton seed Meal 2% 120,400 7 842,800
Soyabeen Seed 5% 120,400 301,000 20 6,020,000
Cynola seed 5% 301,000 20 6,020,000
Na,Ca,Mg 6% 361,200 5 1,806,000
Vit,Pro,nd other chemicals 5% 301,000 6 1,806,000
11,257,40
Fish,chicken wastage 11% 662,200 17
0
Grains 8% 481,600 8 3,852,800
Minerls,Molasses 12% 722,400 13 9,391,200
Packing material (Bags) 1 120,400 3 361,200
11203220
Total Annual Cost
0

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Feasibility Report A-1 Feed Industry

Personnel Analysis

Brief Description of Personnel


The personnel or the human resource depends upon the work and the total employees
the personnel of a small feed unit and a big feed industry is different. So, the
employees will be efficient and effective so that the feed industry can do better work.

Salary per
Description Number Annual cost
month Rs,
CEO 1 60,000 720,000
General Manager 1 40,000 480,000
Financial Manager 1 40,000 480,000
Export Manager 1 40,000 480,000
Sectery 1 15,000 180,000
Accountant 1 12,000 144,000
clerks 4 8,000 384,000
Computer operator 1 8,000 96,000
Recepnicet 1 8,000 96,000
Time Keeper 3 8,000 288,000
Drivers 2 7,000 168,000
security Guard 3 6,000 216,000
Gate keeper 3 6,000 216,000
Office Attendence 2 6,000 144,000
Mali 1 6,000 72,000
Sweepers 2 5,000 120,000
TOTAL 4,284,000
Add: Fringe Benefits @ 5% 214,200
TOTAL ADMIN COST 4,498,200

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Feasibility Report A-1 Feed Industry

Financial
Analysis
Brief Description of Finance
In Financial Analysis we see the sources of finance and calculate the ratios of our
project that how much it is profitable for us and also we make financial statements to
know that how much it is feasible for us.

Cost of Project
The total cost of project is Rs. 69510128

Means of Finance
In the sources of finance we take Loan from MCB and the remaining is from the
Sponsors.

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Feasibility Report A-1 Feed Industry

Initial Working Capital


Initial Net Working Capital
CURRENT ASSETS- A Amount
Cash 6 months 8,850,292
Accounts Receivable 5% of sales 12,864,278
Raw materials 1 months 18,205,233
Finished Goods Inventory 3% production 5,863,441
Marketables Securities 4,970,857
spares & stores 98,916
Advances & deposits to supplier of Raw Material 1,000,000
Tools 100,000
Total Current Assests 51,953,016
CURRENT LIABILITIES-B
Accounts Payable 3% material cost 6,553,884
Accrued Expenses 3% material cost 6,553,884
Dealers Deposits 100,000
short -term bank borrowings 20% Inventories 3,745,544
Total Current Liabilities 16,953,311
INITIAL NET WORKING CAPITAL( A-B) 34,999,705

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Feasibility Report A-1 Feed Industry

Cost of Project

A-1 POULTRY FEED COMPANY BAHAWALPUR

PROJECT COST & MEANS OF FINANCE (in RS.)


COST OF THE PROJECT LOCAL FRGN TOTAL
Land & Land Devolpment 8,606,250 0 8,606,250
Building & Civil Works 9,236,220 0 9,236,220
Foreign Machinery MCB(FCL) 0 6,846,000 6,846,000
Marine insurance etc. 300,770 0 300,770
Imported
Customs Duty 12% Machinary 821,520 0 821,520
Imported
Import and Iqra surcharges 1% Machinary 68,460 0 68,460
Engineering /Technical Fees 2% Machinary 136,920 0 136,920
Erection & Installation 1% Machinary 68,460 0 68,460
Interest during construction 5,950,000 0 5,950,000
Furniture & Fixture 511,100 0 511,100
Vehicles 1,040,000 0 1,040,000
Pre-production Expenses 2,251,192 0 2,251,192
Contingencies 300,000 0 300,000
29,290,89 6,846,00 36,136,89
TOTAL FIXED COST:
2 0 2
Initial Net Working Capital 34,999,705 0 34,999,705
64,290,59 6,846,00 71,136,59
TOTAL COST OF THE PROJECT
7 0 7

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Feasibility Report A-1 Feed Industry

Income
Statements
A-1 POULTRT FEED INDUSTRY . BAHAWALPUR
For the year ending Dec. 31, I II III
Efficiency Assumed : 65% 70% 75%

SALES
a ) Bridder Feed 86,086,738 103,113,878 110,510,856
b) Bria Feedler 86,086,738 102,131,841 109,458,372
c) Layer Feed 85,112,074 101,946,435 109,259,665
Total Sales 257,285,551 307,192,154 329,228,894
Less:
COST OF GOODS SOLD :
Raw Materials 218,462,790 247,031,001 264,676,073
Labour 6,582,600 6,780,078 6,983,480
Manufacturing Expenses 3,779,755 3,953,676 4,069,624
Excise Duty \ Sales tax 3% 7,718,567 9,215,765 9,876,867
Royalty fee (Straight 0 0 0
line
Deprication method) 1,213,744 1,213,744 1,213,744
Cost of Goods Manufactured 237,757,456 268,194,264 286,819,787
Add: Opening Inventory 0 11,726,882 12,628,950
Less: Ending Inventory 11,726,882 12,628,950 8,198,110
COST OF G00DS SOLD 226,030,574 267,292,196 291,250,627
GROSS PROFIT 31,254,977 39,899,958 37,978,266
Less :
OPERATING EXPENSES

Admin & General Expenses 3,287,831 3,717,777 3,983,333


Selling Expenses 4,050,398 4,651,836 4,930,863
Total Operating Expenses 7,338,229 8,369,613 8,914,196

OPERATING PROFIT 23,916,749 31,530,344 29,064,070


Add:
OTHER INCOME 0 0 0
Less:
NON OPERATING EXPENSES
Financial Expenses 5950000 5,650,055 4,460,055
Amortzn. of Prelim. Exp 281,399 281,399 281,399
Workers participation fund 4% 956,670 1,261,214 1,162,563
workers wekfore fund 4% 956,670 1,261,214 1,162,563
Total Operating Expenses 8,144,739 8,453,881 7,066,579
Profit Transferred to Profit& losss
Appropriaion account 15,772,010 23,076,463 21,997,491

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Feasibility Report A-1 Feed Industry

Balance Sheet
A-1 POULTRY FEED INDUSTRY . BAHAWALPUR
ESTIMATED BALANCE SHEETS
Construction
year I II III
ASSETS
Fixed Assets
33,885,70 33,885,70 33,885,70
Fixed Assets at cost 0 0 0
33,885,700
Less: Accumulated Dprcn. 01,213,7442,427,488 3,641,232
33,885,70 32,671,95 31,458,21
Net Fixed Assets 0 6 2
30,244,468

Preliminary Expenses: 2,251,1921,969,7931,688,394 1,406,995


36,136,8 34,641,7 33,146,6 31,651,46
Total Fixed Assets
92 49 06 3
Current Assets
54,270,4375,133,03 72,756,82
Cash 8,850,292
9 1 0
Marketable Securities 4,970,857 313,580 75,683 1,866,517
12,864,27 12,864,2713,063,62 16,461,44
Accounts Receivables 8 8 0 5
11,726,8812,628,95
Finished Goods Inventory 5,863,441 8,198,110
2 0
18,205,23 13,107,76
Raw Material Inventory 9,175,437 6,881,578
3 7
Stores & Spares 98,916 99,000 20,000 958,259
Advances & Depostis 1,000,0001,419,142 30,000 968,259
110,126,72
Total Current Assets 51,853,01693,801,088
1
108,090,988

87,989,9 128,442,8 143,273,3 139,742,4


TOTAL ASSETS 37 27
08 51
LIABILITIES & EQUITY
Long-term Liabilities
Muslim Commercial Bank:
35,000,0035,000,0028,000,00 21,000,00
Outstanding Loan principal
0 0 0 0
35,000,0 35,000,0 28,000,0 21,000,00
Total Long-term Liab.:
00 00 00 0
Current Liabilities
10,587,04
- Accounts Payable 6,553,8848,738,5129,881,240
3
- Accrued Expenses 6,553,8847,718,5679,215,765 9,876,867
- Workers Partcpn. Fund 0 956,6702,217,884 3,380,447
-Workers Welfare Fund 0 956,6702,217,884 3,380,447
Provision for Taxation 0 1,892,641 4,661,817 7,301,516
17,213,8117,984,79 17,261,68
- Bank Borrowings 3,745,544
2 9 8
12,650,05 11,460,05
outstanding loan instalments 05,950,000
5 5
Interest payable
16,853,3 43,426,8 58,829,4 63,248,06
Total Current Liabilities:
11 71 43 2
Total Liabilities 51,853,3 78,426,8 86,829,4 84,248,06

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Feasibility Report A-1 Feed Industry

11 71 43 2
EQUITY
36,136,5936,136,5936,136,59 36,136,59
Equity
7 7 7 7
Balance c/d from Profit & loss appropriation 13,879,3620,307,28 19,357,79
0
account 9 7 2
36,136,5 50,015,9 56,443,8 55,494,38
Total Equity:
97 66 84 9

87,989,9 128,442,8 143,273,3 139,742,4


Total Liab. & Equity:
08 37 27 51

Cash Flows

A-1 Poultry Feed Industry . BAHAWALPUR


ESTIMATED CASH FLOWS
For the year ended, Const. Yr. I II III
SOURCES
Operating Profit 0 23,916,749 31,530,344 29,064,070
Add Back: Depreciation 0 1,213,744 1,213,744 1,213,744
Amortization 0 281,399 281,399 281,399
Funds from Operations 0 25,411,892 33,025,487 30,559,213
other income 0 0 0 0
Equity 36,136,597 0 0 0
Loan from Mcb 35,000,000 0 0 0
- Custom Debentures 0 0 0 0
Increase in Current Liab. 9,000,000 26,573,560 15,402,572 4,418,619
Increase in Bank Borrowings 3,745,544 13,468,268 770,987 -723,111
TOTAL SOURCES 83,882,141 65,453,720 49,199,046 34,254,722

APPLICATION OF FUNDS
Investment in Fixed Assets: 33,885,700 0 0 0
-Preliminary Exp 2,251,192 281,399 281,399 281,399
Financial Expenses 0 5,950,000 5,650,055 4,460,055
Repayment of : 0 0 0 0
Loan from Mcb 0 0 7,000,000 7,000,000
Workers Partcpn. Fund 0 956,670 1,261,214 1,162,563
-Workers Wel. Fund 0 956,670 1,261,214 1,162,563

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Feasibility Report A-1 Feed Industry

provision for tax 0 1,892,641 2,769,176 2,639,699


profit distributed 0 0 0 0
Increase in current Assets: 43,002,724 5,888,425 10,113,397 19,924,655
TOTAL 79,139,616 15,925,805 28,336,454 36,630,933

Surplus/(Deficit) 4,742,525 49,527,914 20,862,592 -2,376,211


Cash Balance - Opening 0 4,742,525 54,270,439 75,133,031
Cash Balance - Ending 4,742,525 54,270,439 75,133,031 72,756,820

SWOT
ANALYSIS
Strengths:
The labor to manufacture feed is easily available we can reach easily to low cost
labor. Moreover the location for our project is very attractive. We can avail maximum
advantage from this market.

Weaknesses:

Our weakness is that we are not producing feed up to the present


demand of the consumer. Because we have dependend on govt for wheat & other raw
materials like grains and rice and electricity problem is also our weakness.

Opportunities:

Pakistan is an agricultureal country, the production of feed is very high.feed is


neccessry for the chicks(Brailer & Layer) so, demand of feed is repedly increases.also
there is no enough feed mills to fullfill the demand so, there is great opportunity to
establish feed mill.

Threats:

The market of the flour mills is highly competitive; therefore if the entrepreneur is
not well responsive and fulfilling the demand of the consumer he/she may not be able
to capitalize the opportunity properly..

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Feasibility Report A-1 Feed Industry

Conclusion & Recommendations


We conclude that on the basis of field work and survey of
feed mills that the feed is necessary product so its demand
increase day by day. There is no chance to decrease the
demand of feed. Pakistan is an agricultural country and it
plays a very important role in our economy. Feed contributes
3.2% GDP in our economy. Availability of raw material is
very easy. So, conclusion is that the feed mill is a profit
motive business because no chance of decrease of demand.
Our recommendation to new investors is that they must
invest in feed mill because from the last year there is a great
change or entrance of new poultry farmers in Pakistan. So,
they step forward to come and invest or to start this
business, and also contribute in the economic as well as
social growth of Pakistan.

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Feasibility Report A-1 Feed Industry

Special Thanks

We bow our head, before ALLAH Almighty, who blessed us with potential and
stamina to complete our feasibility report on Feed mill.

First of all would like to pay our special regards to Respected “Sir Mr. JAVED
IQBAL” who provides us guidance at each and every step, in completion of all
this feasibility report. We are especially thankful to those personalities who
help us in collecting data during the fieldwork and also in our practical work.
In this regard our thanks goes to:
Mr:Arsalan Rabbani, Mr: Hunain khan, Mr: Farzan Rafi, Mr: Shakeel
Ahmed, Mr: Mohsin shazad, Mr: Adnan Ch., Mr: Farhan Khizer & Mr.
Amir Faraz and all of our Class Fellows.

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Feasibility Report A-1 Feed Industry

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