PROJECT PROPOSAL FOR

Setting Up
POULTRY FEED UNIT

Submitted By:
ANAND FEED INDUSTRIES PRIVATE LIMITED
Promoter : Mr. Anand Bhushan
Address : Address : Industrial Area, Donar, P.O.- Kabirchak, P.S.- Sadar,
District - Darbhanga, Pin 846003 [Bihar]
Contact No. 094300 62204
 INDEX

S. No. Particulars Page No.

PART A

1 Project at a Glance 1
2 Performance Chart 2
3 Profile of Promoter 3
4 About the Project 4
5 Market Potential 5
6 Scope For Feed Industries 5
7 Importance of Feed In Livestock Sector 6
8 Product Description & Application 6
9 Technical Aspects 7
10 Manufacturing Process 8
11 Storage Process 9
12 Proposed Location 10
13 Conclusion 10

PART B

1 Cost of the Project 1

2 Means of Finance 1
3 Projected Balance sheet 2
4 Projected Profitability Statement 3
5 Projected Cash Flow Statement 4
6 Break-even Analysis 5
7 Calculation of Debt Service Coverage Ratio 6
8 Ratio Analysis 7
9 Schedule of Receipts 8
10 Schedule of Salary & Wages 9
11 Shedule of Power & Fuel 10
12 Calculation of Repair & Maintenance Expenses 11
13 Shedule of Depreciation 12
14 Calculation of Financial Expenses 13
15 Calculation of Tax 13
16 Schedule of Raw Material 14
17 EMI Schedule 15-16

CMA DATA



PART A

A. PROJECT AT A GLANCE:
1 Name & address of Proprietor ANAND FEED INDUSTRIES PRIVATE
LIMITED
Address : Industrial Area, Donar, P.O.-
Kabirchak, P.S.- Sadar, District -
Darbhanga, Pin 846003 [Bihar]
2 Constitution Company
3 Category Manufacturing
4 Name Of Product Poultry Feed
B. FINANCE PARMETERS:
1 Project Cost ( in Lacs) 196.41
2 Financial Assistance From Loan ( in Lacs)
i) Term Loan 72.31
ii) Working Capital Loan 100.00
3 Promoters Capital ( in Lacs) 24.10
4 Debt. Equity Ratio 3:1
C. PROJECTED PERFORMANCE FOR THE PROJECT (Year-wise)
1st 2nd 3rd 4th 5th
1 Gross Receipts 696.00 765.60 835.20 904.80 974.40
( ` in Lacs)
2 Net Profit 62.20 69.83 77.02 83.81 90.18
` in Lacs)
(`
3 Net Profit % 8.94 9.12 9.22 9.26 9.25
4 Break Even Point % 45.05 44.34 44.50 45.36 46.82
5 DSCR ( %) 2.96 3.08 3.20 3.30 3.38

D. ECONOMIC INDICATORS:
1 Total Employment
a) Administrative Section 3
b) Working Section 31

E. PROPOSED ASSISTANCE FROM BANK

1 Term Loan Bank ( in Lacs) 72.31
2 Rate of interest
(i) On Term Loan 13 %
(ii) On Working Capital Loan 13.5%
4 Repayment period 5 years
1


PERFORMANCE CHART

Cash Inflow
120.00

100.00

80.00

60.00
Cash Inflow
40.00

20.00

-
2013-14 2014-15 2015-16 2016-17 2017-18

Net Profit %
9.30

9.20

9.10

9.00
Net Profit %

8.90

8.80

8.70
2013-14 2014-15 2015-16 2016-17 2017-18
2


PROFILE OF PROMOTER


PERSONAL DETAILS
Name : Mr. Anand Bhushan

Date of Birth : 4th March, 1970

Fathers Name : Mr. Lakshmi Nayak

Age : 43 Years

Sex : Male

Nationality : Indian

PAN ALBPB4807G

Income Tax Payee Yes

Languages Known : English, Hindi

PERMANENT ADDRESS : Industrial Area, Donar, P.O.- Kabirchak,

P.S.- Sadar, District - Darbhanga, Pin
846003 [Bihar]

ADDRESS FOR COMMUNICATION : Industrial Area, Donar, P.O.- Kabirchak,

P.S.- Sadar, District - Darbhanga, Pin
846003 [Bihar]

QUALIFICATIONAL DETAILS

ACADEMIC : M. Tech

VOCATIONAL : -

TECHNICAL : Experience of running Rice Mill, Cattle Feed

Industry
3
This Project Proposal is for setting up a


manufacturing unit by Mr. Anand
Bhushan, who is a resident of the area ABOUT THE PROJECT
which is proposed for setting up the
plant. 
Poultry feed is food for farm poultry,
including chickens, ducks, geese and other domestic birds. Feed for poultry mostly
consists of grain. A portion of commercial feed, typically around a quarter, is known
as bulk and is indigestible. The amount of bulk is referred to as bulk density. The
quantity of feed, and the nutritional requirements of the feed, depend on the weight
and the age of the poultry as well as the season. Healthy poultry require a sufficient
amount of protein and carbohydrates, along with the
necessary vitamins, dietary minerals, and an
adequate supply of water. Certain diets also require
the use of grit, tiny rocks such as pieces of granite, in
the feed. Grit aids in digestion by grinding food as it
passes through the gizzard. Grit is not needed if
commercial feed is used.
The feed must remain clean and dry; contaminated
feed can infect poultry. Damp feed encourages fungal
growth. Mycotoxin poisoning, as an example, is "one
of the most common and certainly most under-
reported causes of toxicoses in poultry". Diseases can
be avoided with proper maintenance of the feed and
feeder. A feeder is the device that supplies the feed to INTRODUCTION
the poultry. For privately raised chickens,
or chickens as pets, feed can be delivered through
4
jar, trough or tube feeders. The use of poultry feed can also be supplemented with
food found through foraging. In industrial agriculture, machinery is used to
automate the feeding process, reducing the cost and increasing the scale of farming.
For commercial poultry farming, feed serves as the largest cost of the operation.
The term chicken feed is also used as a colloquialism for a small or insufficient
amount, especially a small amount of money. The term was first coined and used in
that sense in 1904.


MARKET POTENTIAL

The poultry industry in India is rapidly increasing. The countrys requirement for
poultry feed is increasing at over 10 % per annum. Its demand for industrial uses is
expected to increase.


SCOPE FOR FEED INDUSTRIES

With the increased demand for livestock products for domestic consumption as well
as export, the farmers realised maintaining of quality animals with proper feeding
and management. The proportion of crossbred animals or improved strains of birds
increased over the years. This has necessitated higher demand for balanced
concentrate feed. Presently, various milk unions poultry corporations/ federations
and private companies are supplying both cattle and poultry feed of different
qualities and forms (mash/ pellets/ crumbles) to the farmers. Large size poultry
farm/dairy farm owners, hatcheries and cooperative poultry units are normally
manufacturing their own feed by installing the necessary plant and machinery on
the farm. Some of the farmers are still feeding broken grains, cakes, gur, salt,etc. to
dairy animals by mixing at home.
5


IMPORTANCE OF FEED IN LIVESTOCK SECTOR

The success of livestock farming is largely dependent on the continuous supply of
good quality nutritious feeds at competitive price. Feed alone constitute about 60-
70 per cent of total cost of production of livestock products. Therefore, it needs
more attention though other factors are also important for remunerative return
from livestock enterprises. The farmers used to feed the crop residues to the cattle
and buffaloes, however, sheep and goat are normally maintained on
grazing/browsing with supplementary feeding of broken grains/other by products.
Therefore, feeding of balanced concentrate feed to these animals was not common,
because of low productivity and unremunerative prices for the livestock products.
The improved poultry is fed only with concentrated feed. The requirement of food of
animal origin like milk, meat and eggs is increasing at a faster rate due to increased
awareness about the significance of protective proteins for the maintenance of
human health. The farmers realised the importance and started rearing good quality
and high productive animals/birds under stall fed conditions.


PRODUCT DESCRIPTION & APPLICATION


Poultry feed is a kind of livestock feed used for feeding the commercially important
and other types of domesticated birds such as chickens, turkeys, ducks, geese, etc.
that serve as a source of eggs or meat. Poultry feed can be prepared from raw and
auxiliary materials like oil cake, wheat, bran, molasses, maize, barley, salt, vitamins
and minerals, bone-meal, etc.
6


TECHNICAL ASPECTS


PROCESS OF MANUFACTURING

The ingredients are pulverized in a pulverizer to the required mesh size. The
product is mixed and meshed in a vibrating screen to ensure correct particle size.
The product is packed in ordinary gunny bags or polythene lined gunny bags.

Quality Specification

As per the Govt. specification

7
 MANUFACTURING PROCESS
Key Offerings
Dont be shy! Show them how fabulous you are. List or
summarize key points here about what you do. And heres
one more ti

PROCEDURE
1. Mash feed cycle time will be shorten to prepare a batch.
Squat silo for raw material and milling The quantity of the batch will equal to the size
system For example soy bean are stored of the first mixer that followed in the next
with large quantity and are delivered to this sequence.
storage by trucks. A hammer milling system
4. Milling System and First Mixer
will be located here to reduce the size of soy
Grinding is followed to fine grind the material
bean before transporting to raw material
to meet particle size criterion. Fine grinded
silo. powder is fed into mixers with metered liquid,
2. Raw material silo and intake systems fat or molasses added.
Corn, soy bean, rice and other macro 5. Finished Product
ingredients are stored and conveyed to The well mixed mash is now directed to the
individual silo. finished product bins for bagging or carried
3. Dosing and Weighing away by trucks in bulks.
Ingredient is prepared with dosing and
weighing system. One or more separate
weighing system can be installed for macro-
and micro- ingredients. With several
hoppers weighing at the same time,

8
- STORAGE PROCESS -

9
 - PROPOSED LOCATION -
Industrial Area, Donar, P.O.- Kabirchak, P.S.- Sadar, District
Darbhanga, Pin 846003 [Bihar]

- CONCLUSION
Considering the facts & circumstances of the given Proposal of Poultry Feed
Manufacturing Unit, it will be profitable to establish the Unit in the proposed
area. Other factors, such as, location of the proposed unit, high market potential
of this sector, etc., makes the proposal more viable. Further, the project is also
profitable from the point of view of welfare of society as a whole. Naturally this
scheme will attract new investment in the sector.

10



PART B

 COST OF THE PROJECT

S.No. Particulars (` In Lacs)

1 Land (Leasehold) -
2 Civil Construction Works 10.00
3 Plant & Machinery (Including Installation Charges) 65.81
4 Electrical Equipments 20.00
5 Preliminary Expense 0.60
6 Working Capital Gap 100.00
TOTAL 196.41

MEANS OF FINANCE

The Total Cost of Project ` 196.41 Lacs is Proposed to be financed as under :

S.No. Particulars % Contribution Amount in ` (` In Lacs)

A. On Fixed Capital:
Promoter's Margin @ 25% 24.10
Term Loan Bank @ 75% 72.31 96.41

B. On Working Capital Gap:

Working Capital Loan (Bank) 100% 100.00

TOTAL A+B 196.41

1
 PROJECTED BALANCE SHEET

( ` in Lacs)
Particulars 2013-14 2014-15 2015-16 2016-17 2017-18
Liabilities
Proprietor's Capital 24.10 24.10 24.10 24.10 24.10
Reserves & Surplus 62.20 132.02 209.04 292.85 383.03
Term Loan 61.33 48.83 34.61 18.42 0.00
Working Capital Loan 100.00 100.00 100.00 100.00 100.00
Creditors for Raw Material 15.00 14.00 14.50 10.00 8.00
Liabilities for Expenses 8.35 9.61 10.91 12.26 13.66

TOTAL 270.97 328.56 393.16 457.63 528.79

Assets
Fixed Assets(Gross) 95.81 95.81 95.81 95.81 95.81
Less: Accumulated Depreciation 13.87 25.71 35.82 44.46 51.83
Net Block 81.94 70.10 59.99 51.35 43.98

Long Term Investments 25.00 25.00 35.00 40.00 50.00

Current Assets Loans & Advances

Inventories 117.00 122.85 128.99 135.44 142.21
Sundry Receivables 25.00 35.00 38.00 40.00 45.00
Cash & Bank Balance 11.55 63.26 116.94 174.72 229.60
Advance to Suppliers 10.00 12.00 14.00 16.00 18.00

Miscellaneous Expenses
Preliminary and Pre-operative exps. 0.48 0.36 0.24 0.12 -

TOTAL 270.97 328.56 393.16 457.63 528.79

2
 PROJECTED PROFITABILITY STATEMENT

( ` in Lacs)
Particulars Schedule 2013-14 2014-15 2015-16 2016-17 2017-18
No.

(A)Total Yearly Sales 696.00 765.60 835.20 904.80 974.40

(B) Expenses :
Raw Material & Packaging Exps 466.50 513.15 559.80 606.45 653.10
Salaries & Wages 51.26 61.52 73.82 88.58 106.30
Power & Fuel 14.10 15.51 17.06 18.77 20.65
Repair & Maintenance 3.07 3.38 3.72 4.09 4.50
Depreciation 13.87 11.84 10.11 8.63 7.38
Interest on Term Loan 8.76 7.25 5.52 3.56 1.32
Interest on Working Capital Loan 13.50 13.50 13.50 13.50 13.50
Preliminary Expense 0.12 0.12 0.12 0.12 0.12
Miscellaneous Expenses 34.80 38.28 40.09 39.81 37.03
(C) Total Expenses 605.99 664.55 723.74 783.52 843.89

Profit Before Tax(A-C) 90.01 101.05 111.46 121.28 130.51

Less:Provision for Tax 27.81 31.23 34.44 37.48 40.33
Net Profit(D) 62.20 69.83 77.02 83.81 90.18
Depreciation Added Back (E) 13.87 11.84 10.11 8.63 7.38
Cash Inflows (D+E)[F] 76.07 81.67 87.13 92.44 97.56
Repayment towards Term Loan [G] 10.98 12.50 14.22 16.19 18.42
Drawings[H] - - - - -

3
 Statement of Cash Flow Statements
(` in Lacs)
Projected
2013-14 2014-15 2015-16 2016-17 2017-18

I. Cash flow from Operating Activities:

Net Profit before tax and extraordinary items 90.01 101.05 111.46 121.28 130.51
<<<Adjustment for>>>
- Depreciation 13.87 11.84 10.11 8.63 7.38
- Foreign Exchange - - - - -
- Investments - - - - -
- Gain or Loss on Sale of Fixed Assets - - - - -
- Interest/Dividend 22.26 20.75 19.02 17.06 14.82
- Preliminary Expenses Written off 0.12 0.12 0.12 0.12 0.12
Operating Profit before working capital changes 126.26 133.76 140.71 147.09 152.82
<<<Adjustment for>>>
- Trade and Other receivables (35.00) (12.00) (5.00) (4.00) (7.00)
- Inventories (117.00) (5.85) (6.14) (6.45) (6.77)
- Trade Payable 15.00 (1.00) 0.50 (4.50) (2.00)
- Other Liabilities 8.35 1.26 1.31 1.35 1.40
- Cash Credit 100.00 - - - -
Cash generation from operations 97.61 116.17 131.37 133.49 138.45
- Interest paid - - - - -
- Direct Taxes 27.81 31.23 34.44 37.48 40.33
Cash before Extraordinary Items 69.79 84.95 96.93 96.02 98.13
- Deferred revenue - - - - -
Net Cash from Operating Activities [A] 69.79 84.95 96.93 96.02 98.13

II. Cash flow from Investing Activities:

- Purchase/Construction of Fixed Assets (95.81) - - - -
- Preliminary Expenses (0.60) - - - -
- Sale of Fixed Assets - - - - -
- Purchase of Investments (25.00) - (10.00) (5.00) (10.00)
- Interest Received - - - - -
- Dividend Received - - - - -
- Loans to Subsidiaries - - - - -
Net Cash from Investing Activities [B] (121.41) - (10.00) (5.00) (10.00)

III.Cash flow from Financing Activities:

- Proceeds from Introduction of Capital 24.10 - - - -
- Proceeds from Long term borrowings 72.31 - - - -
- Repayment of Loan (10.98) (12.50) (14.22) (16.19) (18.42)
- Drawing/Witdrawals - - - - -
- Dividend/Interest Paid (22.26) (20.75) (19.02) (17.06) (14.82)
Net Cash from Financing Activities [C] 63.17 (33.24) (33.24) (33.24) (33.24)
Net Increase/(Decrease) in Cash and Cash Equivalents 11.55 51.70 53.69 57.77 54.88
Cash and Cash Equivalents at the beginning of the year - 11.55 63.26 116.94 174.72
Cash and Cash Equivalents at the end of the year 11.55 63.26 116.94 174.72 229.60

4
 BREAK EVEN ANALYSIS

(` In Lakhs)
Particulars 2013-14 2014-15 2015-16 2016-17 2017-18
(A)Fixed Costs :
Salaries & Wages 51.26 61.52 73.82 88.58 106.30
Depreciation 13.87 11.84 10.11 8.63 7.38
Interest on Term Loan 8.76 7.25 5.52 3.56 1.32
Total 73.90 80.60 89.45 100.77 115.00

(B)Gross Receipts 696.00 765.60 835.20 904.80 974.40

(C) Variable Costs :

Raw Material 466.50 513.15 559.80 606.45 653.10
Power & Fuel 14.10 15.51 17.06 18.77 20.65
Repair & Maintenance 3.07 3.38 3.72 4.09 4.50
Miscellaneous Expenses 34.80 38.28 40.09 39.81 37.03
Interest on Working Capital Loan 13.50 13.50 13.50 13.50 13.50

Total 531.98 583.82 634.17 682.62 728.77

(D) Contribution ( B-C) 164.02 181.78 201.03 222.18 245.63

(E) B.E.P.(in%) 45.05% 44.34% 44.50% 45.36% 46.82%

Note:
1. Contribution to Sales Ratio :- Contribution*100
(P/V Ratio) Receipts
2. B.E.P.(in `) :- Fixed Costs
P/V Ratio
3. B.E.P.( Percentage) :- B.E.P.(inRs.)*100
Receipts

5
 CALCULATION OF DEBT SERVICE COVERAGE RATIO (DSCR)

Debt Service Coverage Ratio (DSCR) = Net Cash Accruals + Intt. On Term & Working Capital Loan
Intt. On Term & Working Capital Loan + Instalment to be repaid During the Year

Net Cash Accruals :

(` In Lakhs)
Particulars 2013-14 2014-15 2015-16 2016-17 2017-18

Net Profit 62.20 69.83 77.02 83.81 90.18

Depeciation 13.87 11.84 10.11 8.63 7.38

Preliminary Exp. W/O 0.12 0.12 0.12 0.12 0.12

76.19 81.79 87.25 92.56 97.68

Interest on Term Loan 8.76 7.25 5.52 3.56 1.32

Interest on Working
Capital Loan 13.50 13.50 13.50 13.50 13.50

Instalment to be Repaid
During the Year 10.98 12.50 14.22 16.19 18.42

DSCR 2.96 3.08 3.20 3.30 3.38

6
 COMPUTATION OF RATIOS
(A) Pay Back Period

YEAR Cash Accruals Cummulative

Cash Inflows
(Amount in `) (Amount in `)

2013-14 76.07 76.07

2014-15 81.67 157.74

2015-16 87.13 244.86

2016-17 92.44 337.30

2017-18 97.56 434.86

Cost of the Project = ` 196.41 Lakhs

Pay Back Period = 5 Years

(B) Net Profit Ratio

Formula = Net Profit

Turnover

YEAR Net Profit Turnover NP In %

(Amount in `) (Amount in `)

2013-14 62.20 696.00 8.94

2014-15 69.83 765.60 9.12

2015-16 77.02 835.20 9.22

2016-17 83.81 904.80 9.26

2017-18 90.18 974.40 9.25

7
 SCHEDULE OF RECEIPTS

Production Capacity of Plant per Hour (in Ton.) 5

Total No. of Working Days In a Year 300

No. of Working Hours In a Day 16

Total Quantity of Poultry Feed to be produced

80
per day (At 100% Capacity In Ton)

Selling Price of One Ton Poultry Feed (In `) 5,800.00

Annual Production In MT (100% Capacity) 24000

Annual Collection from the Sale Poultry Feed 139,200,000.00

(In `)

Year Capacity Utilisation ( ` in Lacs)

2013-14 50% 696.00

2014-15 55% 765.60
2015-16 60% 835.20
2016-17 65% 904.80
2017-18 70% 974.40

8
 CALCULATION OF SALARY & WAGES

No. of
S.No. Designation/ Type Rate Monthly/Salary In `
Persons

1 Factory Manager/ Entrepreneur 1 20,000.00 20,000.00

2 Supervisor 2 15,000.00 30,000.00
3 Skilled Worker 5 12,000.00 60,000.00
4 Unskilled Worker 20 10,000.00 200,000.00
5 Peon 4 7,000.00 28,000.00
6 Watchman (24 Hours) 2 9,000.00 18,000.00

TOTAL 34 356,000.00

Annual Salary (Amount In `)

Salaries 4,272,000.00
Add: Perquisites @ 20% 854,400.00

Total (A) 5,126,400.00

Year (`
` In Lacs)

2013-14 51.26
2014-15 61.52
2015-16 73.82
2016-17 88.58
2017-18 106.30

9
 CALCULATION OF UTILITIES
Stand by arrangement : 1000 KVA Soundless Generator

Diesel Consumption Rate : 3-4 litre/hour

Rate of Diesel ` 52.41/litre

Everyday running Hour Of Generator : 6 Hours

Calculation of fuel & expenses Per Year

Cost Of Running Per Year

Elecricity Expenses ` 50000 per month 600,000.00

D.G Set 6 Hour*300*52.41*3.5 330,183.00
Water 36000 Kl per annum 480,000.00

TOTAL 1,410,183.00

CALCULATION FOR EACH YEAR

Year (`)
2013-14 14.10
2014-15 15.51
2015-16 17.06
2016-17 18.77
2017-18 20.65

10
 CALCULATION OF REPAIR & MAINTENANCE COSTS

Repair & Maintenance expenses on Plant & Machinery & Civil Works is assumed to be 3% & 5%
of the Cost respectively.

(Amount In `)

Plant & Machinery 85.81 2.57

Civil Construction Works 10.00 0.50

Total Repair and Maintainance Expenses During Year

Year (`
` In Lacs)

2013-14 3.07
2014-15 3.38
2015-16 3.72
2016-17 4.09
2017-18 4.50

11
 SCHEDULE OF DEPRECIATION

(As Per Income Tax Rate)

Particulars Block 1 Block 2 Total Block

Plant & Machinery Civil work

Original Value 85.81 10.00 95.81

Less:Depreciation(2013-14) 12.87 1.00 13.87

Written Down Value 72.94 9.00 81.94

Add:Purchases During the Year - - -

72.94 9.00 81.94

Less:Depreciation(2014-15) 10.94 0.90 11.84

Written Down Value 62.00 8.10 70.10
Add:Purchases During the Year - - -
62.00 8.10 70.10

Less:Depreciation(2015-16) 9.30 0.81 10.11

Written Down Value 52.70 7.29 59.99

Add:Purchases During the Year - - -

52.70 7.29 59.99

Less:Depreciation(2016-17) 7.90 0.73 8.63

Written Down Value 44.79 6.56 51.35

Add:Purchases During the Year -

44.79 6.56 51.35

Less:Depreciation(2017-18) 6.72 0.66 7.38

Written Down Value 38.07 5.90 43.98

Accumulated Depreciation
Year Accumulated Dep.
2013-14 13.87
2014-15 25.71
2015-16 35.82
2016-17 44.46
2017-18 51.83
12
 CALCULATION OF FINANCIAL EXPENSES

Interest on Term Loan @ 13% (Calculated on EMI Basis)

(` In Lacs)
Year Principal Repayment Interest @ 13% Subsidy Closing
Amount Loan as TDR Balance
I 72.31 10.98 8.76 - 61.33
II 61.33 12.50 7.25 - 48.83
III 48.83 14.22 5.52 - 34.61
IV 34.61 16.19 3.56 - 18.42
V 18.42 18.42 1.32 - 0.00

Interest on Working Capital Loan @13.5 %

( ` in Lacs)
Year 2013-14 2014-15 2015-16 2016-17 2017-18

Bank Finance 100.00 100.00 100.00 100.00 100.00

(Working Capital Loan)

Interest @ 13.5% 13.50 13.50 13.50 13.50 13.50

CALCULATION OF TAX
Tax Slab for Company - 30.9%

Profit TAX AMOUNT

Year
(` In Lacs) (` In Lacs)
2013-14 90.01 27.81
2014-15 101.05 31.23
2015-16 111.46 34.44
2016-17 121.28 37.48
2017-18 130.51 40.33

13
 SCHEDULE OF RAW MATERIAL

RAW MATERIAL INCLUDING PACKAGING MATERIALS

S.No. Item Quantity Rate Total (`

`)

Broken Rice, Maize, Rice Bran, Fish Meal etc. (In

1 27,600.00 3,250.00 89,700,000.00
MT)

2 Gunny Bags (Pcs) 240,000.00 15.00 3,600,000.00

Total Expense Per Annum 93,300,000.00

Year Capacity Utilisation (`

` In Lakhs)

2013-14 50% 466.50

2014-15 55% 513.15
2015-16 60% 559.80
2016-17 65% 606.45
2017-18 70% 653.10

14
 SCHEDULE SHOWING CALCULATION OF INTEREST ON TERM LOAN
(` In Lakhs)
OPENING CLOSING PAYMENT(MONTHLY) TOTAL PAYMENT PAYMENT(YEARLY)
BALANCE BALANCE PRICIPAL INTEREST (MONTHLY) PRINCIPAL INTEREST

72.31 71.45 0.86 0.78 1.65

71.45 70.57 0.87 0.77 1.65
70.57 69.69 0.88 0.76 1.65
69.69 68.80 0.89 0.76 1.65
68.80 67.90 0.90 0.75 1.65
67.90 66.99 0.91 0.74 1.65
66.99 66.07 0.92 0.73 1.65
66.07 65.15 0.93 0.72 1.65
65.15 64.21 0.94 0.71 1.65
64.21 63.26 0.95 0.70 1.65
63.26 62.30 0.96 0.69 1.65
62.30 61.33 0.97 0.67 1.65 10.98 8.76
61.33 60.34 0.98 0.66 1.65
60.34 59.35 0.99 0.65 1.65
59.35 58.35 1.00 0.64 1.65
58.35 57.34 1.01 0.63 1.65
57.34 56.31 1.02 0.62 1.65
56.31 55.28 1.04 0.61 1.65
55.28 54.23 1.05 0.60 1.65
54.23 53.17 1.06 0.59 1.65
53.17 52.11 1.07 0.58 1.65
52.11 51.03 1.08 0.56 1.65
51.03 49.93 1.09 0.55 1.65
49.93 48.83 1.10 0.54 1.65 12.50 7.25
48.83 47.71 1.12 0.53 1.65
47.71 46.58 1.13 0.52 1.65
46.58 45.44 1.14 0.50 1.65
45.44 44.29 1.15 0.49 1.65
44.29 43.12 1.17 0.48 1.65
43.12 41.95 1.18 0.47 1.65
41.95 40.76 1.19 0.45 1.65
40.76 39.55 1.20 0.44 1.65
39.55 38.34 1.22 0.43 1.65
38.34 37.11 1.23 0.42 1.65
37.11 35.86 1.24 0.40 1.65
35.86 34.61 1.26 0.39 1.65 14.22 5.52

15
34.61 33.34 1.27 0.37 1.65
33.34 32.05 1.28 0.36 1.65
32.05 30.75 1.30 0.35 1.65
30.75 29.44 1.31 0.33 1.65
29.44 28.11 1.33 0.32 1.65
28.11 26.77 1.34 0.30 1.65
26.77 25.42 1.36 0.29 1.65
25.42 24.05 1.37 0.28 1.65
24.05 22.66 1.38 0.26 1.65
22.66 21.26 1.40 0.25 1.65
21.26 19.85 1.41 0.23 1.65
19.85 18.42 1.43 0.22 1.65 16.19 3.56
18.42 16.97 1.45 0.20 1.65
16.97 15.51 1.46 0.18 1.65
15.51 14.04 1.48 0.17 1.65
14.04 12.54 1.49 0.15 1.65
12.54 11.03 1.51 0.14 1.65
11.03 9.51 1.53 0.12 1.65
9.51 7.97 1.54 0.10 1.65
7.97 6.41 1.56 0.09 1.65
6.41 4.83 1.58 0.07 1.65
4.83 3.24 1.59 0.05 1.65
3.24 1.63 1.61 0.04 1.65
1.63 0.00 1.63 0.02 1.65 18.42 1.32

TOTAL(`
`) 72.31 26.41

16



CMA Data

 FORM - I
PARTICULARS OF THE EXISTING/PROPOSED LIMITS FROM THE BANKS
NAME : ANAND FEED INDUSTRIES PRIVATE LIMITED
At - Industrial Area, Donar, P.O. Kabirchak, P.S. - Sadar, District - Darbhanga, Pin - 846003 [Bihar]
[` In Lacs]
NATURE OF EXTENT TO WHICH EXTENT TO WHICH BALANCE AS ON LIMITS NOW
FACILITY LIMITS WERE UTILIZED LIMITS WERE UTILIZED 31/03/2012 REQUESTED
SL. NO. NAME OF BANK/FINANCIAL INSTITUTION EXISTING LIMITS
DURING THE LAST 12 DURING THE LAST 12
MONTHS MONTHS
MINIMUM MAXIMUM
I II III IV V VI VII VIII

1 Bank Term Loan - - - - 72.31

2 Bank Cash Credit - - - - 100.00

172.31
 FORM II
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT

ANAND FEED INDUSTRIES PRIVATE LIMITED

At - Industrial Area, Donar, P.O. Kabirchak, P.S. - Sadar, District - Darbhanga, Pin - 846003 [Bihar]
[`
` In Lacs]
Projected Year
Year 2013-14 2014-15 2015-16 2016-17 2017-18
No. of Months 12 12 12 12 12

1 Gross Sales/Receipts
i. Domestic Sales/Receipts 696.00 765.60 835.20 904.80 974.40
ii. Export Sales/Other Receipts - - - - -
Total 696.00 765.60 835.20 904.80 974.40
2 Less : Excise Duty - - - - -
3 Net Sales [1-2] 696.00 765.60 835.20 904.80 974.40
4 %age rise (+) or fall (-) in net sales as
compared to previous year (annualized) - 10.00 9.09 8.33 7.69
5 Expenses
Raw Materials (including stores and other
items used in the process of manufacture)/Establishment Exp.
a. Imported - - - - -
b. Indigenous (Finished Goods) 466.50 513.15 559.80 606.45 653.10
ii. Other Spares - - - - -
a. Imported - - - - -
b. Indigenous - - - - -
iii. Power and Fuel 14.10 15.51 17.06 18.77 20.65
iv. Direct Labour (Factory Wages & Salaries) - - - - -
v. Other Manufacturing Expenses - - - - -
 vi. Activities Expenses - - - - -
vii. Depreciation 13.87 11.84 10.11 8.63 7.38
viii. Sub-total (i to vii) 494.47 540.50 586.97 633.85 681.12
Add : Opening Stock-in-process - - - - -
Sub-total 494.47 540.50 586.97 633.85 681.12
ix. Deduct: Closing Stock-in-process - - - - -
x. Cost of Production/ Total Expenditure 494.47 540.50 586.97 633.85 681.12
xi. Add : Opening Stock of Finished Goods - - - - -
Sub-total (x+xi) 494.47 540.50 586.97 633.85 681.12
xii. Less : Closing Stock of Finished Goods - - - - -
Total Expenses 494.47 540.50 586.97 633.85 681.12

6 Selling, General and Administrative Expenses 89.14 103.18 117.63 132.49 147.83
7 Sub- Total (5+6) 583.61 643.68 704.60 766.34 828.95
8 Operating Profit before Interest (3-7) 112.39 121.92 130.60 138.46 145.45
9 Interest (Int. on C.C./T.Loan) 22.26 20.75 19.02 17.06 14.82
10 Operating Profit after Interest (8-9) 90.13 101.17 111.58 121.40 130.63
 ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
FORM II - OPERATING STATEMENT
NAME : ANAND FEED INDUSTRIES PRIVATE LIMITED

[`
` In Lacs]
Projected Year
Year 2013-14 2014-15 2015-16 2016-17 2017-18
No. of Months 12 12 12 12 12

11 i. Add: Other Non-operating Income - - - - -

a. Interest Received - - - - -
b. - - - - -
c. - - - - -
d. Others - - - - -
Sub-Total (Income) - - - - -
ii. Less : Other Non-Operating Expenses
a. Preliminary Expenses W/O 0.12 0.12 0.12 0.12 0.12
b. Loss on Sale of Fixed Assets - - - - -
c. - - - - -
d. - - - - -
Sub-Total (Expenses) 0.12 0.12 0.12 0.12 0.12
iii. Net of Other non-operating income/expenses (0.12) (0.12) (0.12) (0.12) (0.12)
[net of 11(i) & 11(ii)]
12 Profit before Tax/(Loss) [10+11(iii)] 90.01 101.05 111.46 121.28 130.51
13 Provision for Taxes 27.81 31.23 34.44 37.48 40.33
14 Net Profi/ Surplus (Excess of Income over Expenditure)[12-13] 62.20 69.83 77.02 83.81 90.18
15 a. Equity Dividend paid-amount
[Already paid + B.S. Provision] - - - - -
b. Dividend Rate (%age) - - - - -
16 Retained Profit (14-15) 62.20 69.83 77.02 83.81 90.18
17 Retained Profit/Net Profit (%age) 8.94 9.12 9.22 9.26 9.25
 FORM III
ANALYSIS OF BALANCE SHEET
LIABILITIES
NAME : ANAND FEED INDUSTRIES PRIVATE LIMITED

Projected Year
Year 2013-14 2014-15 2015-16 2016-17 2017-18
CURRENT LIABILITIES
1 Short-term borrowing from banks (including bills purchased,
discounted & excess borrowing placed on repayment basis)
i. From Applicant Bank 100.00 100.00 100.00 100.00 100.00
ii. From Other Banks - - - -
iii. (of which BP & BD) - - - - -
Sub-total [i+ii] (A) 100.00 100.00 100.00 100.00 100.00
2 Short-term borrowings from Others - - - - -
3 Sundry Creditors (Trade) 15.00 14.00 14.50 10.00 8.00
4 Advance payments from customers/deposits from dealers - - - -
5 Provision for taxation - - - - -
6 Dividend Payable - - - - -
7 Other Statutory Liabilities (due within 1 year) - - - -
8 Deposits/installments of term loans/DPGs/
debentures etc. (due within 1 year) - - - - -
9 Other current liabilities & provisions (due with 1 year) -
a. Unsecured Loan - - - - -
b. Advances and Deposits - - - - -
c. Other Liabilities 8.35 9.61 10.91 12.26 13.66
Sub Total [2 to 9] (B) 23.35 23.61 25.41 22.26 21.66
10 Total Current Liabilities [A+B] 123.35 123.61 125.41 122.26 121.66

TERM LIABILITIES
11 Debentures (not maturing within 1 year) - - - - -
12 Preference Shares (redeemable after 1 year) - - - - -
13 Term loans (excluding installments payable with 1 year) - - - - -
14 Deferred Payment Credits (excluding installments - - - - -
due within 1 year) - - - - -
15 Term deposits (repayable after 1 year)
16 Other term liabilities 61.33 48.83 34.61 18.42 0.00
17 Total Term Liabilities [11 to 16] 61.33 48.83 34.61 18.42 0.00
18 Total Outside Liabilities [10 + 17] 184.67 172.44 160.02 140.68 121.66
NET WORTH
19 Ordinary Share Capital/Proprietors' Capital/Capital Fund 24.10 24.10 24.10 24.10 24.10
20 General Reserve/ General Fund 62.20 132.02 209.04 292.85 383.03
21 Revaluation Reserve - - - - -
22 Other Reserves (excluding provisions) - - - - -
23 Surplus (+) or deficit (-) in Profit & Loss A/c - - - - -
23 a. Others - - - - -
b. Share Premium - - - - -
c. Unsecured Loan -
24 Net Worth 86.30 156.13 233.14 316.95 407.13
25 TOTAL LIABILITIES [18+24] 270.97 328.56 393.16 457.63 528.79
 FORM III - ANALYSIS OF BALANCE SHEET
ASSETS

NAME : ANAND FEED INDUSTRIES PRIVATE LIMITED

Projected Year
Year 2013-14 2014-15 2015-16 2016-17 2017-18

CURRENT ASSETS

26 Cash and Bank Balances 11.55 63.26 116.94 174.72 229.60

27 Investments (Other that long term) - - - - -
i. Govt. and other trustee securities - - - - -
ii. Fixed Deposits with Banks - - - - -
28 i. Receivables other than deferred & exports (including - - - - -
bills purchased and discounted by banks) - - - - -
ii. Export receivables (including bills purchased/
discounted by bank) - - - - -
29 Installments of deferred receivables (due within 1 year) - - - - -
30 Inventory: - - - - -
i. Raw Materials (including stores and other items used
in the process of manufacture)
a. Imported - - - - -
b. Indigenous 117.00 122.85 128.99 135.44 142.21
ii. Stock-in-process - - - - -
iii. Finished goods - - - - -
iv. Other consumable spares
a. Imported - . - - -
b. Indigenous - - - - -
31 Advances to suppliers of raw materials and stores/spares - - - - -
32 Advance payment of taxes [TDS] - - - - -
33 Other current assets (specify major items) - - - - -
a. Miscellaneous Current Assets ( Accrued Income)
b. Sundry Debtors 25.00 35.00 38.00 40.00 45.00
c. Loans and Advances 10.00 12.00 14.00 16.00 18.00
d. Security Deposits - - - - -
34 Total Current Assets (26 to 33) 163.55 233.11 297.93 366.16 434.81
 FORM III - ANALYSIS OF BALANCE SHEET
ASSETS

NAME : ANAND FEED INDUSTRIES PRIVATE LIMITED

Projected Year
Year 2013-14 2014-15 2015-16 2016-17 2017-18

FIXED ASSETS
35 Gross Block [Land, Building, Machinery, Capital
Work-in-Progress etc.] 95.81 95.81 95.81 95.81 95.81
36 Depreciation to date 13.87 25.71 35.82 44.46 51.83
37 Net Block (35-36) 81.94 70.10 59.99 51.35 43.98

OTHER NON-CURRENT ASSETS

38 Investments/book debts/advances/deposits
which are not current assets
i. a. Investments in subsidiary companies/affiliates - - - - -
b. Others 25.00 25.00 35.00 40.00 50.00
ii. Advances to suppliers of capital goods and contractors - - - - -
iii. Deferred receivables (maturity exceeding 1 year) - - - - -
iv. Others
a. Deferred Tax Assets - - - - -
b. Debtors > 6 months - - - - -
c. Security Deposits (more than 1 Year) - - - - -
d. Others - - - - -
39 Non-consumable stores and spares - - - - -
40 Other non-current assets including dues from directors - - - - -
41 Total Other Non-current Assets (38 to 40) 25.00 25.00 35.00 40.00 50.00
42 Intangible Assets (Patents, Goodwill, Preliminary
Expenses, bad/doubtful debts not provided for, etc. 0.48 0.36 0.24 0.12 -
43 Total Assets (34 + 37 + 41 + 42) 270.97 328.56 393.16 457.63 528.79
44 Tangible Net Worth (24 - 42) 85.82 155.77 232.90 316.83 407.13
45 Net Working Capital (34-10) 40.20 109.50 172.52 243.89 313.15
46 Current Ratio (34/10) 1.33 1.89 2.38 2.99 3.57
47 Total OUTSIDE Liabilities/Tangible
Net Worth (18/44) 2.15 1.11 0.69 0.44 0.30
48 Total TERM Liabilities/Tangible
Net Worth (17/44) 0.71 0.31 0.15 0.06 0.00

ADDITIONAL INFORMATION
A. Arrears of Depreciation - - - - -
B. Contingent Liabilities:
i. Arrears of Cumulative dividends - - - - -
ii. Gratuity liability not provided for - - - - -
iii. Disputed excise/customs/tax liabilities - - - - -
iv. Other Liabilities not provided for - - - - -
 FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
NAME : ANAND FEED INDUSTRIES PRIVATE LIMITED
[`
` In Lacs]
Projected Peak
Norms
Year Requirement
Year 2013-14 2014-15 2015-16 2016-17 2017-18

A. CURRENT ASSETS
1 Raw Materials (Including Stores & Other
items used in the process of manufacture)
a. Imported - - - - -
Month's Consumption
b. Indigenous - - - - -
Month's Consumption
2 Other Consumable spares, excluding
those included in 1 above
a. Imported - - - - -
Month's Consumption - - - - -
b. Indigenous - - - - -
Month's Consumption - - - - -
3 Stock-in-process - - - - -
Month's cost of production - - - - -
4 Finished Goods - - - - -
Month's cost of Sales
5 Receivables other than export & deferred
receivables (Including bills purchased and
discounted by bankers) - - - - -
6 Export receivables (Including bills
purchased and discounted) - - - - -
7 Advances to suppliers of raw materials &
stores/spares, consumables - - - - -
8 Other current assets including cash &
bank balances & deferred receivables due
within one year
a. Cash and Bank Balances 11.55 63.26 116.94 174.72 229.60
b. Investments (Other than long term): - - - - -
i. Govt. and other trustee securities - - - - -
ii. Fixed Deposits with banks - - - - -
c. Installments of deferred receivables
(due within 1 year) - - - - -
d. Advance payment of taxes [TDS] - - - - -
e. Other Current Assets 35.00 47.00 52.00 56.00 63.00
9 Total Current Assets
(To agree with item 34 in Form III) - 46.55 110.26 168.94 230.72 292.60
 FORM IV
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
NAME : ANAND FEED INDUSTRIES PRIVATE LIMITED
[`
` In Lacs]
Projected Peak
Norms
Year Requirement
Year 2013-14 2014-15 2015-16 2016-17 2017-18

B. CURRENT LIABILITIES
(Other than bank borrowings for working capital)

10 Creditors for purchase of raw materials,

stores & consumable spares
Month's Purchases 15.00 14.00 14.50 10.00 8.00
11 Advances from customers - - - - -
12 Statutory Liabilities - - - - -
13 Other current Liabilities:
a. Short term borrowings from others - - - - -
b. Provisions for taxation - - - - -
c. Dividend Payable - - - - -
d. Deposits/Installments of term loans/ - - - - -
DPGs/Debentures etc.
(due within 1 year)
e. Other Current Liabilities & Provisions 8.35 9.61 10.91 12.26 13.66
(due within 1 year)
14 Total (To agree with total B of Form - III) - 23.35 23.61 25.41 22.26 21.66
 FORM V
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

NAME : ANAND FEED INDUSTRIES PRIVATE LIMITED

[`
` In Lacs]
Projected Peak
Year Requirement
2013-14 2014-15 2015-16 2016-17 2017-18

First Method of Lending

1 Total Current Assets (Form - IV-9) 46.55 110.26 168.94 230.72 292.60
2 Other Current Liabilities (Other than bank
borrowings (Form - IV - 14) 23.35 23.61 25.41 22.26 21.66
3 Working Capital Gap (WCG) (1-2) 23.20 86.65 143.53 208.45 270.94
4 Minimum Stipulated net working capital: 5.80 21.66 35.88 52.11 67.73
(25% of WCG excluding export receivables)
5 Actual/Projected net working capital
(Form - III-145) 40.20 109.50 172.52 243.89 313.15
6 Item - 3 minus Item - 4 17.40 64.98 107.65 156.34 203.20
7 Item - 3 minus Item - 5 (17.00) (22.85) (28.99) (35.44) (42.21)
8 Maximum permissible bank finance
(Item - 6 or 7, whichever is lower) (17.00) (22.85) (28.99) (35.44) (42.21)
9 Excess borrowings representing shortfall in NWC (4-5) (34.40) (87.83) (136.64) (191.78) (245.42)

Second Method of Lending

1 Total Current Assets (Form - IV-9) 46.55 110.26 168.94 230.72 292.60
2 Other Current Liabilities (Other than bank
borrowings (Form - IV - 14) 23.35 23.61 25.41 22.26 21.66
3 Working Capital Gap (WCG) (1-2) 23.20 86.65 143.53 208.45 270.94
4 Minimum Stipulated net working capital:
(25% of total current assets excluding export receivables) 11.64 27.56 42.24 57.68 73.15
5 Actual/Projected net working capital 40.20 109.50 172.52 243.89 313.15
(Form - III-45)
6 Item - 3 minus Item - 4 11.57 59.08 101.29 150.77 197.79
7 Item - 3 minus Item - 5 (17.00) (22.85) (28.99) (35.44) (42.21)
8 Maximum permissible bank finance
(Item - 6 or 7, whichever is lower) (17.00) (22.85) (28.99) (35.44) (42.21)
9 Excess borrowings representing shortfall in NWC (4-5) (28.57) (81.93) (130.28) (186.22) (240.00)
 FORM VI
FUNDS FLOW STATEMENTS

NAME : ANAND FEED INDUSTRIES PRIVATE LIMITED

(` In Lacs)
Projected
Year
Year 2013-14 2014-15 2015-16 2016-17 2017-18
1 SOURCE
a. Net Profi/ Surplus (Excess of Income over Expenditure) 90.13 101.17 111.58 121.40 130.63
b. Depreciation 13.87 11.84 10.11 8.63 7.38
c. Increase in Capital - - - - -
d. Increase in Term Liabilities - - - - -
(Including Public Deposits)
e. Decrease in:
i. Fixed Assets - - - - -
ii. Other Non-Current Assets - - - - -
f. Others -
g. TOTAL 104.00 113.01 121.69 130.04 138.00

2 USES
a. Net Loss - - - - -
b. Decrease in Term Liabilities - - - - -
(Including Public Deposits)
c. Increase in :
i. Fixed Assets - - - - -
ii. Other Non-Current Assets - - - - -
d. Dividend Payments - - - - -
e. Others - - - - -
f. TOTAL - - - - -

3 Long Term Surplus (+)/Deficit (-) [1-2] 104.00 113.01 121.69 130.04 138.00

4 Increase/decrease in current assets - - - - -

*(As per details given below)

5 Increase/decrease in current liabilities other than bank borrowings - - - - -

6 Increase/decrease in working capital gap - - - - -

7 Net Surplus / Deficit (-) [3-6] 104.00 113.01 121.69 130.04 138.00

8 Increase/decrease in bank borrowings - - - - -

9 Increase/decrease in NET SALES - 69.60 69.60 69.60 69.60

* Break-up of item - 4
i. Increase/decrease in Raw Materials - - - - -
ii. Increase/decrease in Stock-in-Progress - - - - -
iii. Increase/decrease in Finished Goods - - - - -
iv. Increase/decrease in Receivables - - - - -
a) Domestic - - - - -
b) Export - - - - -
v. Increase/decrease in stores & spares - - - - -
vi. Increase/decrease in other current assets - - - - -
TOTAL - - - - -