Feasibility Report

A-1 Feed Industry

PROJECT REPORT

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

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.

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

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..

Feasibility Report

A-1 Feed Industry

Table of Contents
Contents
Executive Summary
Name & Location of Project
Objectives & Key Success Factors
Introduction
Management
Project Scheduling Diagram
Technical Analysis
Market Analysis
Economic Analysis
Ratios
Assumptions underlying Earning Forecast
Projected Financial Statements
Break Even Analysis
Weighted Average Cost of Capital
Internal Financial Rate of Return
Auditing Plan
Exit Strategy and Risk Assessment

Page#
07
09
12
14
15
17
18
23
30
37
42
43
53
55
56
59
60

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.

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.

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

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
Initial Working Capital

36136892
+34999705
71136597

Means of Finance
Debt

49%

Equity

51%

10

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

11

Feasibility Report

A-1 Feed Industry

Implementation Schedule
Implementation Schedule
Sr.N
o.
1

Activities
Engineering studies and designing of civil
works:

Month

Start

January

2010

Complete

February

2010

2010

Construction of Building and Civil works:

Start
Complete

Order for foreign machinery

Arrival of foreign machinery at sea port

Arrival of foreign machinery a site

Order for local machinery

Arrival of local machinery at site

Year

2010
February

2010

September

2010

March

2010

September

2010

October

2010

June

2010

September

2010

12

Feasibility Report

A-1 Feed Industry

Financial Ratios
Current Ratio
Current Ratio

2.16

1.87

1.71

Current Ratio

Years

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%

13

Feasibility Report

A-1 Feed Industry

Gross Profit Ratio

4
3
Series1

2
1
10.0%

11.0%

12.0%

13.0%

14.0%

Operating Profit Ratio

14

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

2
year

Net Profit Ratio

6.87%

8.33%

7.39%

15

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

Internal Rate of Return

IRR= 24%
Payback Period
2 YEARS.
Sponsors Stake
51%

Introduction of Company

16

Feasibility Report

A-1 Feed Industry

Shamim Group of Industries

Shamim Feed Industry

Shamim Ghee Mill

Shamim Oil Mill

Shamim Feed Industry

17

Feasibility Report

A-1 Feed Industry

Market Analysis
18

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)
19

Feasibility Report
Province
Punjab
Sindh
NWFP
Balochistan
Total Pakistan

A-1 Feed Industry

Feed capacity
3600
1500
250
120
5470

2003
1100
370
90
66
1625

2004
1251
456
100
84
1891

2005
1420
510
100
97
2127

2006
2180
420
120
97
2817

2007
2250
620
130
100
3100

2008
2600
680
80
50
3410

2009
3000
875
50
50
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.

20

Feasibility Report

A-1 Feed Industry

Technical Analysis
21

Feasibility Report

A-1 Feed Industry

The process of feed production is given below

List of Machinery
22

Feasibility Report

A-1 Feed Industry

Hammer Mill

Mixer

23

Feasibility Report

A-1 Feed Industry

Elevator

24

Feasibility Report

A-1 Feed Industry

Conveyor

25

Feasibility Report

A-1 Feed Industry

Strainer

Pellet Machine

26

Feasibility Report

A-1 Feed Industry

Working of Pellet Machine

27

Feasibility Report

A-1 Feed Industry

Packing Machine

Boiler

28

Feasibility Report

A-1 Feed Industry

Raw Materials
Required
RAW MATERIAL REQUIREMENT

5-

Poultry Feed (For Bridder&Brialer)/50kg

Material
Descriptio
n
Maiz
Wheat
Rice
Sun Fiower
cotton seed
Meal
Soyabeen
Seed
Cynola seed
Na,Ca,Mg
Vit,Pro,nd
other
chemicals
Fish,chicken
wastage
Grains
Minerls,Mola
sses
Packing
material
(Bags)
Total Annual
Cost

For one Bag

Annual Bags
Produced

13%
14%
14%
5%

50kg

Material in kg
for annual
Production

1,565,200
1,685,600
1,685,600
602,000

Unit cost
40
23
13
30

Annually
Cost each
Material
Items
62,608,000
38,768,800
21,912,800
18,060,000

2%

240,800

5%

602,000

20

12,040,000

5%
6%

602,000
722,400

20
5

12,040,000
3,612,000

602,000

5%
11%
8%
12%
1

240,800

1,324,400
963,200
1,444,800
240,800

17
8
13
3

1,685,600

3,612,000
22,514,800
7,705,600
18,782,400
722,400
224,064,400

29

Feasibility Report

A-1 Feed Industry

Poultry Feed For Layer

50kg
Material Description

Requireme
Annual
nt of
Require Bags Material in
d
Produce unit for
d
annual
Production

Unit
cost

Maiz

13%

782,600

40

Wheat

14%

842,800

23

Rice

14%

842,800

13

5%
2%
5%
5%
6%
5%

301,000
120,400
301,000
301,000
361,200
301,000

30
7
20
20
5
6

Sun Fiower
cotton seed Meal
Soyabeen Seed
Cynola seed
Na,Ca,Mg
Vit,Pro,nd other chemicals

120,400

Fish,chicken wastage

11%

662,200

17

Grains
Minerls,Molasses
Packing material (Bags)

8%
12%
1

481,600
722,400
120,400

8
13
3

Total Annual Cost

30

Annually
Cost each
Material
Items

31,304,00
0
19,384,40
0
10,956,40
0
9,030,000
842,800
6,020,000
6,020,000
1,806,000
1,806,000
11,257,40
0
3,852,800
9,391,200
361,200
11203220
0

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.
Description
CEO
General Manager
Financial Manager
Export Manager
Sectery
Accountant
clerks
Computer operator
Recepnicet
Time Keeper
Drivers
security Guard
Gate keeper
Office Attendence
Mali
Sweepers
TOTAL
Add: Fringe Benefits @
TOTAL ADMIN COST

Number
1
1
1
1
1
1
4
1
1
3
2
3
3
2
1
2
5%

Salary per
month Rs,
60,000
40,000
40,000
40,000
15,000
12,000
8,000
8,000
8,000
8,000
7,000
6,000
6,000
6,000
6,000
5,000

Annual cost
720,000
480,000
480,000
480,000
180,000
144,000
384,000
96,000
96,000
288,000
168,000
216,000
216,000
144,000
72,000
120,000
4,284,000
214,200
4,498,200

31

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.

32

Feasibility Report

A-1 Feed Industry

Initial Working Capital

Initial Net Working Capital
CURRENT ASSETS- A
Cash
Accounts Receivable
Raw materials
Finished Goods Inventory
Marketables Securities
spares & stores

6 months
5% of sales
1 months
3% production

Advances & deposits to supplier of Raw Material

Tools
Total Current Assests
CURRENT LIABILITIES-B
Accounts Payable
Accrued Expenses
Dealers Deposits
short -term bank borrowings
Total Current Liabilities
INITIAL NET WORKING CAPITAL( A-B)

Amount
8,850,292
12,864,278
18,205,233
5,863,441
4,970,857
98,916
1,000,000
100,000
51,953,016

3%
3%

material cost

20%

Inventories

material cost

6,553,884
6,553,884
100,000
3,745,544
16,953,311
34,999,705

33

Feasibility Report

A-1 Feed Industry

Cost of Project

A-1 POULTRY FEED COMPANY BAHAWALPUR

(in RS.)

PROJECT COST & MEANS OF FINANCE

COST OF THE PROJECT

Land & Land Devolpment
Building & Civil Works
Foreign Machinery

LOCAL
FRGN
8,606,250
0
9,236,220
0
0 6,846,000

MCB(FCL)

Marine insurance etc.

Customs Duty

12%

Import and Iqra surcharges

1%

Engineering /Technical Fees

Erection & Installation
Interest during construction
Furniture & Fixture
Vehicles
Pre-production Expenses
Contingencies

2%
1%

TOTAL FIXED COST:

Initial Net Working Capital
TOTAL COST OF THE PROJECT

Imported
Machinary
Imported
Machinary
Machinary
Machinary

TOTAL
8,606,250
9,236,220
6,846,000

300,770

300,770

821,520

821,520

68,460

68,460

136,920
0
136,920
68,460
0
68,460
5,950,000
0 5,950,000
511,100
0
511,100
1,040,000
0 1,040,000
2,251,192
0 2,251,192
300,000
0
300,000
29,290,89 6,846,00 36,136,89
2
0
2
34,999,705
0 34,999,705
64,290,59 6,846,00 71,136,59
7
0
7

34

Feasibility Report

A-1 Feed Industry

Income
Statements
A-1 POULTRT FEED INDUSTRY . BAHAWALPUR
For the year ending Dec. 31,
Efficiency Assumed :
SALES
a ) Bridder Feed
b) Bria Feedler
c) Layer Feed
Total Sales
Less:
COST OF GOODS SOLD :
Raw Materials
Labour
Manufacturing Expenses
Excise Duty \ Sales tax
Royalty fee

I
65%

II
70%

III
75%

86,086,738
86,086,738
85,112,074

103,113,878
102,131,841
101,946,435

110,510,856
109,458,372
109,259,665

257,285,551

307,192,154

329,228,894

218,462,790
6,582,600
3,779,755
7,718,567
0

247,031,001
6,780,078
3,953,676
9,215,765
0

264,676,073
6,983,480
4,069,624
9,876,867
0

1,213,744

1,213,744

1,213,744

Cost of Goods Manufactured

Add: Opening Inventory
Less: Ending Inventory
COST OF G00DS SOLD

237,757,456
0
11,726,882
226,030,574

268,194,264
11,726,882
12,628,950
267,292,196

286,819,787
12,628,950
8,198,110
291,250,627

GROSS
PROFIT
Less :
OPERATING EXPENSES

31,254,977

39,899,958

37,978,266

3,287,831
4,050,398
7,338,229

3,717,777
4,651,836
8,369,613

3,983,333
4,930,863
8,914,196

23,916,749

31,530,344

29,064,070

5950000
281,399
956,670
956,670
8,144,739

5,650,055
281,399
1,261,214
1,261,214
8,453,881

4,460,055
281,399
1,162,563
1,162,563
7,066,579

15,772,010

23,076,463

21,997,491

Deprication

3%
(Straight
line
method)

Admin & General Expenses

Selling Expenses
Total Operating Expenses
OPERATING PROFIT
Add:
OTHER INCOME
Less:
NON OPERATING EXPENSES

Financial Expenses
Amortzn. of Prelim. Exp
Workers participation fund
workers wekfore fund
Total Operating Expenses
Profit Transferred to Profit& losss
Appropriaion account

4%
4%

35

Feasibility Report

A-1 Feed Industry

Balance Sheet
A-1 POULTRY FEED INDUSTRY . BAHAWALPUR
ESTIMATED BALANCE SHEETS
Construction
year

II

III

ASSETS
Fixed Assets
Fixed Assets at cost
Less: Accumulated Dprcn.
Net Fixed Assets
Preliminary Expenses:
Total Fixed Assets

33,885,70 33,885,70 33,885,70

33,885,700
0
0
0
01,213,7442,427,488 3,641,232
33,885,70 32,671,95 31,458,21
30,244,468
0
6
2

2,251,1921,969,7931,688,394 1,406,995
36,136,8 34,641,7 33,146,6 31,651,46
92
49
06
3

Current Assets

Stores & Spares

Advances & Depostis

54,270,4375,133,03
9
1
4,970,857 313,580
75,683
12,864,27 12,864,2713,063,62
8
8
0
11,726,8812,628,95
5,863,441
2
0
18,205,23 13,107,76
9,175,437
3
7
98,916
99,000
20,000
1,000,0001,419,142
30,000

Total Current Assets

51,853,01693,801,088

TOTAL ASSETS

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

37
27
08
51

Cash
Marketable Securities
Accounts Receivables
Finished Goods Inventory
Raw Material Inventory

8,850,292

72,756,82
0
1,866,517
16,461,44
5
8,198,110
6,881,578
958,259
968,259

110,126,72
108,090,988
1

LIABILITIES & EQUITY

Long-term Liabilities
Muslim Commercial Bank:
Outstanding Loan principal

Total Long-term Liab.:

35,000,0035,000,0028,000,00 21,000,00
0
0
0
0
35,000,0 35,000,0 28,000,0 21,000,00
00
00
00
0

Current Liabilities
- Accounts Payable
- Accrued Expenses
- Workers Partcpn. Fund
-Workers Welfare Fund
Provision for Taxation
- Bank Borrowings
outstanding loan instalments

10,587,04
3
6,553,8847,718,5679,215,765 9,876,867
0 956,6702,217,884 3,380,447
0 956,6702,217,884 3,380,447
0 1,892,641 4,661,817 7,301,516
17,213,8117,984,79 17,261,68
3,745,544
2
9
8
12,650,05 11,460,05
05,950,000
5
5
6,553,8848,738,5129,881,240

Interest payable
Total Current Liabilities:
Total Liabilities

16,853,3 43,426,8 58,829,4 63,248,06

11
71
43
2
51,853,3 78,426,8 86,829,4 84,248,06

36

Feasibility Report

A-1 Feed Industry

11

71

43

EQUITY
Equity
Balance c/d from Profit & loss appropriation
account
Total Equity:

36,136,5936,136,5936,136,59 36,136,59
7
7
7
7
13,879,3620,307,28 19,357,79
0
9
7
2
36,136,5 50,015,9 56,443,8 55,494,38
97
66
84
9
87,989,9 128,442,8 143,273,3 139,742,4
37
27
08
51

Total Liab. & Equity:

Cash Flows

A-1 Poultry Feed Industry . BAHAWALPUR

ESTIMATED
For the year ended,

CASH

Const. Yr.

FLOWS
I

II

III

SOURCES
Operating Profit

0 23,916,749 31,530,344 29,064,070

Add Back: Depreciation

1,213,744

1,213,744

1,213,744

281,399

281,399

281,399

Amortization
Funds from Operations
other income

0 25,411,892 33,025,487 30,559,213

0

Equity

36,136,597

Loan from Mcb

35,000,000

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

- Custom Debentures

TOTAL

SOURCES

770,987

-723,111

83,882,141

65,453,720

49,199,046

34,254,722

33,885,700

2,251,192

281,399

281,399

281,399

Financial Expenses

5,950,000

5,650,055

4,460,055

Repayment of :

Loan from Mcb

7,000,000

7,000,000

Workers Partcpn. Fund

956,670

1,261,214

1,162,563

-Workers Wel. Fund

956,670

1,261,214

1,162,563

APPLICATION OF FUNDS
Investment in Fixed Assets:
-Preliminary Exp

37

Feasibility Report

A-1 Feed Industry

provision for tax

1,892,641

2,769,176

2,639,699

profit distributed

Increase in current Assets:

43,002,724

TOTAL

79,139,616

Surplus/(Deficit)

5,888,425 10,113,397 19,924,655

15,925,805

28,336,454 36,630,933

4,742,525 49,527,914 20,862,592

Cash Balance - Opening

Cash Balance - Ending

-2,376,211

4,742,525 54,270,439 75,133,031

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..

38

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.

39

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.

40

Feasibility Report

A-1 Feed Industry

41