TECHNO-FEASIBILITY REPORT

1 COST OF THE PROJECT :

Figs in Rs
Development Cost of Land- (1 Acre @ Rs. 8.00 Lacs) 7.00 -
Contruction cost 40,20,000.00
Fixed Assets Equipment 1,09,50,000.00
Miscellaneous Utlities -
Animals Cost 76,00,000.00
Working Capital 10,00,000.00
Cost of Project Land (1 Acre @ Rs. 15.00 Lacs) 7.00 -
Total Project Cost 2,35,70,000.00
Total Investment 2,35,70,000.00

Sources of financing :

Term Loan @ 14.25% with 80%cost 14.25% 1,78,56,000

Working Capital Loan 10,00,000
Own Funds ( 20% Margin) 47,14,000

Total Sources of Financing 2,35,70,000.00

2 Schedule of repayment and interest of Term Loans - (1 year deferred repayment with 6 years payback)

Term Loan - Phase 1 Year 14-15 Year 15-16 Year 16-17 Year 17-18 Year 18-19 Year 19-20 Year 20-21 Year 21-22 Year 22-23 Year 23-24

Term Loan / Opening balance 1,78,56,000 1,88,56,000 1,68,72,000 1,48,88,000 1,29,04,000 1,09,20,000 89,36,000 69,52,000 49,68,000 29,84,000
Working Capital Loan 10,00,000 - - - - - - - - -
Less : Total annual installments - 1 year deferral 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000
Balance due at yearend 1,88,56,000 1,68,72,000 1,48,88,000 1,29,04,000 1,09,20,000 89,36,000 69,52,000 49,68,000 29,84,000 10,00,000

Int @ 14.25% p.a. 26,86,980 25,57,400 22,74,680 19,91,960 17,09,240 14,26,520 11,43,800 8,61,080 5,78,360 2,95,640

Term Loan - Phase 2 - (60 months lag)

Loan / Opening balance - - - - - - - - - -

Less : Total annual installments 1 year deferral - - - - - - - - -
Balance due at yearend - - - - - - - - - -

Intt p.a. @ % on avg bal - - - - - - - - - -

Loan instalment paid during the year - 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000

Loan balance at year end 1,88,56,000 1,68,72,000 1,48,88,000 1,29,04,000 1,09,20,000 89,36,000 69,52,000 49,68,000 29,84,000 10,00,000

Total Interest per annum 26,86,980 25,57,400 22,74,680 19,91,960 17,09,240 14,26,520 11,43,800 8,61,080 5,78,360 2,95,640

Page 1 Project 100 Cows.xlsx

3 Statement of profitability : Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

INCOME :
Sale of Milk 1,24,44,000 1,95,44,400 2,92,80,000 3,45,56,500 4,07,93,750 4,23,18,750 4,91,05,000 5,08,13,000 5,62,72,500 5,81,02,500
Sale of Manure 5,80,500 8,87,220 10,76,625 10,76,625 10,76,625 11,04,075 11,31,525 11,58,975 11,86,425 12,13,875
Sale of Gunny Bags 5,421 11,328 13,890 18,520 18,520 23,150 23,150 23,150 23,150 23,150
Sale of calf/Heifer - 24,00,000 24,00,000 24,00,000 24,00,000 24,00,000 24,00,000 24,00,000 24,00,000 24,00,000
Sale of old cow - - - - - 1,25,00,000
Sale of ghee 5,85,600 6,91,740 10,08,788 11,65,150 13,90,235 14,59,747 17,16,663 18,02,496 20,27,808 21,29,198
Total Income 1,36,15,521 2,35,34,688 3,37,79,303 3,92,16,795 4,56,79,130 5,98,05,722 5,43,76,338 5,61,97,621 6,19,09,883 6,38,68,723

EXPENDITURE :
Purchase of Cow
Cost of fodder 36,47,850 53,63,500 65,45,375 65,45,375 65,45,375 66,52,125 67,58,875 68,65,625 69,72,375 70,79,125
Labour 7,51,500 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000
Electricity -
Interest 26,86,980 25,57,400 22,74,680 19,91,960 17,09,240 14,26,520 11,43,800 8,61,080 5,78,360 2,95,640
Insurance 3,50,000 3,85,000 4,23,500 4,65,850 5,12,435 5,63,679 6,20,046 6,82,051 7,50,256 8,25,282
Cost of Veterinary 3,00,000 3,30,000 3,63,000 3,99,300 4,39,230 4,83,153 5,31,468 5,84,615 6,43,077 7,07,384
Consumables 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875
Spares & Maintenance 1,00,000 1,00,000 1,10,000 1,21,000 1,33,100 1,46,410 1,61,051 1,77,156 1,94,872 2,14,359
Depreciation 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000
Cost of fedding calf - 23,21,400 23,21,400 23,21,400 23,21,400 23,21,400 23,21,400 23,21,400 23,21,400 23,21,400
Bottling and distribution cost 14,64,000 17,12,880 29,64,600 39,45,480 46,43,625 48,03,750 55,59,540 57,38,880 63,40,950 65,33,100
Total Expenditure 1,09,34,205 1,55,10,055 1,77,42,430 1,85,30,240 1,90,44,280 1,91,36,912 1,98,36,056 1,99,70,682 2,05,41,164 2,07,16,165

Profit & Loss A/c 26,81,316 80,24,633 1,60,36,873 2,06,86,555 2,66,34,850 4,06,68,811 3,45,40,282 3,62,26,938 4,13,68,718 4,31,52,558

Income Tax @30.9% - 24,79,612 49,55,394 63,92,145 82,30,169 1,25,66,662 1,06,72,947 1,11,94,124 1,27,82,934 1,33,34,140

Cash Profits 41,78,316 70,42,021 1,25,78,479 1,57,91,409 1,99,01,682 2,95,99,148 2,53,64,335 2,65,29,814 3,00,82,784 3,13,15,418

4 Cash Flow Statement : Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Opening Balance - 33,01,324 83,24,489 1,82,52,411 3,16,90,581 4,91,30,137 7,66,43,584 9,95,14,020 12,39,50,899 15,16,50,788

INFLOW :

Loan from Bank 1,88,56,000

Own Funds 47,14,000
Sale of Milk 1,10,61,333 1,92,98,367 2,84,68,700 3,41,16,792 4,02,73,979 4,21,91,667 4,85,39,479 5,06,70,667 5,58,17,542 5,79,50,000
Sale of Manure 4,83,750 8,73,068 10,52,949 10,76,625 10,76,625 11,00,644 11,28,094 11,55,544 11,82,994 12,10,444
Sale of Gunny Bags 5,421 11,328 13,890 18,520 18,520 23,150 23,150 23,150 23,150 23,150
Sale of Ghee 4,88,000 7,02,873 9,69,157 11,45,604 13,62,100 14,51,058 16,84,548 17,91,767 19,99,644 21,16,524
sale of old cows / others - 24,00,000 24,00,000 24,00,000 24,00,000 1,49,00,000 24,00,000 24,00,000 24,00,000 24,00,000
Total Inflow 3,56,08,504 2,32,85,635 3,29,04,696 3,87,57,541 4,51,31,224 5,96,66,518 5,37,75,271 5,60,41,127 6,14,23,329 6,37,00,118

OUT FLOW :

Fixed assets 2,35,70,000

Loan Installment - 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000
Interest 26,86,980 25,57,400 22,74,680 19,91,960 17,09,240 14,26,520 11,43,800 8,61,080 5,78,360 2,95,640
Fodder 32,42,533 53,21,858 64,46,885 65,45,375 65,45,375 66,43,229 67,49,979 68,56,729 69,63,479 70,70,229
Labour 6,68,000 10,97,333 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000
Insurance 3,50,000 3,85,000 4,23,500 4,65,850 5,12,435 5,63,679 6,20,046 6,82,051 7,50,256 8,25,282
Consumables 1,21,667 1,40,677 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875
Cost Veterinary 2,66,667 3,35,833 3,57,750 3,91,025 4,27,628 4,67,890 5,12,179 5,60,897 6,14,487 6,73,436
Spares & Maintenance 1,00,000 1,00,000 1,10,000 1,21,000 1,33,100 1,46,410 1,61,051 1,77,156 1,94,872 2,14,359
Cost of fedding calf - 21,27,950 23,21,400 23,21,400 23,21,400 23,21,400 23,21,400 23,21,400 23,21,400 23,21,400
Bottle and Dist cost 13,01,333 17,32,807 28,60,290 38,63,740 45,85,446 47,90,406 54,96,558 57,23,935 62,90,778 65,17,088
Income Tax - 24,79,612 49,55,394 63,92,145 82,30,169 1,25,66,662 1,06,72,947 1,11,94,124 1,27,82,934 1,33,34,140
Total Outflow 3,23,07,180 1,82,62,470 2,29,76,774 2,53,19,370 2,76,91,667 3,21,53,072 3,09,04,835 3,16,04,247 3,37,23,440 3,44,78,448

Closing Balance 33,01,324 83,24,489 1,82,52,411 3,16,90,581 4,91,30,137 7,66,43,584 9,95,14,020 12,39,50,899 15,16,50,788 18,08,72,458

Page 2 Project 100 Cows.xlsx

5 Projected Balance Sheets Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

LIABILITIES
Capital 73,95,316 1,29,40,337 2,40,21,816 3,83,16,226 5,67,20,907 8,48,23,055 10,86,90,390 13,37,23,204 16,23,08,989 19,21,27,406
Term Loan 1,78,56,000 1,58,72,000 1,38,88,000 1,19,04,000 99,20,000 79,36,000 59,52,000 39,68,000 19,84,000 -
Working Capital Loan 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000
Current Liabilities 7,00,025 9,14,221 11,22,271 12,12,286 12,82,067 13,19,569 14,10,737 14,58,296 15,45,954 16,04,811

Total Liabilities 2,69,51,341 3,07,26,559 4,00,32,087 5,24,32,511 6,89,22,974 9,50,78,625 11,70,53,127 14,01,49,500 16,68,38,942 19,47,32,217

ASSETS :
Machinery and others 2,10,73,000 1,95,76,000 1,80,79,000 1,65,82,000 1,50,85,000 1,35,88,000 1,20,91,000 1,05,94,000 90,97,000 76,00,000
Cash 33,01,324 83,24,489 1,82,52,411 3,16,90,581 4,91,30,137 7,66,43,584 9,95,14,020 12,39,50,899 15,16,50,788 18,08,72,458
Current Assests 25,77,017 28,26,070 37,00,677 41,59,930 47,07,837 48,47,040 54,48,107 56,04,600 60,91,154 62,59,759

Total Assets 2,69,51,341 3,07,26,559 4,00,32,087 5,24,32,511 6,89,22,974 9,50,78,625 11,70,53,127 14,01,49,500 16,68,38,942 19,47,32,217

- - - - - - - - - -

SCHEDULES :

6 INCOME
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
INCOME FROM SALE OF MILK

Lactation Animal Days per year 24,400 24,400 30,500 30,500 30,500 30,500 30,500 30,500 30,500 30,500
Dry Animal Days per year 3,300 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000

Average Yield / Ltrs 16 18 20 22 25 25 28 28 30 30

Milk Production 3,90,400 4,39,200 6,10,000 6,71,000 7,62,500 7,62,500 8,54,000 8,54,000 9,15,000 9,15,000

Braanding Sale Pouch Packing 50% 50% 40% 30% 30% 30% 30% 30% 30% 30%
Quantity 1,95,200 2,19,600 2,44,000 2,01,300 2,28,750 2,28,750 2,56,200 2,56,200 2,74,500 2,74,500
Rate / ltr 35 37 39 41 43 45 47 49 51 53
Sale proceeds 68,32,000 81,25,200 95,16,000 82,53,300 98,36,250 1,02,93,750 1,20,41,400 1,25,53,800 1,39,99,500 1,45,48,500

Sale through bulk to Hotels 50% 50% 60% 70% 70% 70% 70% 70% 70% 70%
Quantity 1,95,200 2,19,600 3,66,000 4,69,700 5,33,750 5,33,750 5,97,800 5,97,800 6,40,500 6,40,500
Rate / ltr 50 52 54 56 58 60 62 64 66 68
97,60,000 1,14,19,200 1,97,64,000 2,63,03,200 3,09,57,500 3,20,25,000 3,70,63,600 3,82,59,200 4,22,73,000 4,35,54,000

Income from sale of milk, Rs p.a. 1,65,92,000 1,95,44,400 2,92,80,000 3,45,56,500 4,07,93,750 4,23,18,750 4,91,05,000 5,08,13,000 5,62,72,500 5,81,02,500

INCOME FROM SALE OF MANURE

1 Manure produced lactation period, kg p.a. 2,58,000 2,95,740 3,58,875 3,58,875 3,58,875 3,68,025 3,77,175 3,86,325 3,95,475 4,04,625
2 Sales price of manure 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00

Receipts from sale of manure, Rs p.a. 7,74,000 8,87,220 10,76,625 10,76,625 10,76,625 11,04,075 11,31,525 11,58,975 11,86,425 12,13,875

INCOME FROM SALE OF GUNNY BAGS

Consumption in KG 1,80,700 1,88,800 2,31,500 2,31,500 2,31,500 2,31,500 2,31,500 2,31,500 2,31,500 2,31,500
No of 50 KG gunny Bags 3,614 3,776 4,630 4,630 4,630 4,630 4,630 4,630 4,630 4,630
Sale price per bag 2.00 3.00 3.00 4.00 4.00 5.00 5.00 5.00 5.00 5.00

Income from sale of gunny bags, Rs p.a 7,228 11,328 13,890 18,520 18,520 23,150 23,150 23,150 23,150 23,150

Page 3 Project 100 Cows.xlsx

 INCOME FROM CREAM / GHEE

No. of Lts of milk 3,90,400 4,39,200 6,10,000 6,71,000 7,62,500 7,62,500 8,54,000 8,54,000 9,15,000 9,15,000
Percentage of cream 1,952 2,196 3,050 3,355 3,813 3,813 4,270 4,270 4,575 4,575
Percentage of ghee 1,288 1,449 2,013 2,214 2,516 2,516 2,818 2,818 3,020 3,020
sale price per kg 400 420 441 463 486 511 536 563 591 621
Total Income from cream 7,80,800 9,22,320 13,45,050 15,53,533 18,53,647 19,46,329 22,88,883 24,03,328 27,03,743 28,38,931

7 COSTS

FEEDING COSTS
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
a. Feeding during lactation period
i Green fodder
Lactation Days 24,400 24,400 30,500 30,500 30,500 30,500 30,500 30,500 30,500 30,500
Kg / day / animal 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00
KG Consumption per year 7,32,000 7,32,000 9,15,000 9,15,000 9,15,000 9,15,000 9,15,000 9,15,000 9,15,000 9,15,000
Purchase Price 2.20 2.20 2.20 2.20 2.20 2.20 2.20 2.20 2.20 2.20
Cost of Green Fodder 16,10,400 16,10,400 20,13,000 20,13,000 20,13,000 20,13,000 20,13,000 20,13,000 20,13,000 20,13,000

ii Dry fodder
Lactation Days 24,400 24,400 30,500 30,500 30,500 30,500 30,500 30,500 30,500 30,500
Kg / day / animal 2.00 4.50 4.50 4.50 4.50 5.50 6.50 7.50 8.50 9.50
KG Consumption per year 48,800 1,09,800 1,37,250 1,37,250 1,37,250 1,67,750 1,98,250 2,28,750 2,59,250 2,89,750
Purchase Price 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50
Cost of Dry Fodder 1,70,800 3,84,300 4,80,375 4,80,375 4,80,375 5,87,125 6,93,875 8,00,625 9,07,375 10,14,125

iii Concentrate
Lactation Days 24,400 24,400 30,500 30,500 30,500 30,500 30,500 30,500 30,500 30,500
Kg / day / animal 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00
KG Consumption per year 1,70,800 1,70,800 2,13,500 2,13,500 2,13,500 2,13,500 2,13,500 2,13,500 2,13,500 2,13,500
Purchase Price 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00
Cost of Concentrate 27,32,800 27,32,800 34,16,000 34,16,000 34,16,000 34,16,000 34,16,000 34,16,000 34,16,000 34,16,000

45,14,000 47,27,500 59,09,375 59,09,375 59,09,375 60,16,125 61,22,875 62,29,625 63,36,375 64,43,125

a. Feeding during dry period

i Green fodder
Dry Days 3,300 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Kg / day 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00
KG Consumption per year 66,000 1,20,000 1,20,000 1,20,000 1,20,000 1,20,000 1,20,000 1,20,000 1,20,000 1,20,000
Purchase Price 2.20 2.20 2.20 2.20 2.20 2.20 2.20 2.20 2.20 2.20
Cost of Green Fodder 1,45,200 2,64,000 2,64,000 2,64,000 2,64,000 2,64,000 2,64,000 2,64,000 2,64,000 2,64,000

ii Dry fodder
Dry Days 3,300 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Kg / day 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00
KG Consumption per year 13,200 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000
Purchase Price 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50
Cost of Dry Fodder 46,200 84,000 84,000 84,000 84,000 84,000 84,000 84,000 84,000 84,000

iii Concentrate
Dry Days 3,300 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Kg / day 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
KG Consumption per year 9,900 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000
Purchase Price 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00
Cost of Concentrate 1,58,400 2,88,000 2,88,000 2,88,000 2,88,000 2,88,000 2,88,000 2,88,000 2,88,000 2,88,000

3,49,800 6,36,000 6,36,000 6,36,000 6,36,000 6,36,000 6,36,000 6,36,000 6,36,000 6,36,000

Total Cost of Fodder 48,63,800 53,63,500 65,45,375 65,45,375 65,45,375 66,52,125 67,58,875 68,65,625 69,72,375 70,79,125

Page 4 Project 100 Cows.xlsx

 8 COST OF VETERINARY AID & AI SERVICE Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

a. Average cost per year per animal 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
No of animals 100 100 100 100 100 100 100 100 100 100

Total cost of Veterinary Aid & AI 3,00,000 3,00,000 3,00,000 3,00,000 3,00,000 3,00,000 3,00,000 3,00,000 3,00,000 3,00,000

9 COST OF INSURANCE Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

No. of animals 100 100 100 100 100 100 100 100 100 100
Rate of Insurance 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%
Cost per animal 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000
Total cost of Insurance Premium 3,50,000 3,50,000 3,50,000 3,50,000 3,50,000 3,50,000 3,50,000 3,50,000 3,50,000 3,50,000

10 COST OF LABOUR Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

a No of Milkers 1 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
Salary per month 8000.00 8000.00 8000.00 8000.00 8000.00 8000.00 8000.00 8000.00 8000.00 8000.00
Salary for year - 13 months 104000.00 208000.00 208000.00 208000.00 208000.00 208000.00 208000.00 208000.00 208000.00 208000.00

b No of Farm labour 6 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
Salary per month 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00 6000.00
Salary for year - 13 months 468000.00 468000.00 468000.00 468000.00 468000.00 468000.00 468000.00 468000.00 468000.00 468000.00

c No of Supervisor and asstt. Vety doctor(2) 1 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Salary per month 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00
Salary for year - 13 months 130000.00 130000.00 130000.00 130000.00 130000.00 130000.00 130000.00 130000.00 130000.00 130000.00

d No of Dairy Managers 1 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Salary per month 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00
Salary for year - 12 months 300000.00 300000.00 300000.00 300000.00 300000.00 300000.00 300000.00 300000.00 300000.00 300000.00

e No of veterinary doctor 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Salary per month 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00
Salary for year - 12 months 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total cost of labor 10,02,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000 11,06,000

11 DEPRECIATION Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

a Value of the Asset 1,49,70,000 1,49,70,000 1,49,70,000 1,49,70,000 1,49,70,000 1,49,70,000 1,49,70,000 1,49,70,000 1,49,70,000 1,49,70,000
Depreciation @ 10 % SLM 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%
b Depreciation Value 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000
c Closing Value of Assets 1,34,73,000 1,34,73,000 1,34,73,000 1,34,73,000 1,34,73,000 1,34,73,000 1,34,73,000 1,34,73,000 1,34,73,000 1,34,73,000

Total Depreciation 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000

12 ELECTRICITY Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Total Electrical Load - KW 60 60 60 60 60 60 60 60 60 60

Dairy usage - hours 12 12 12 12 12 12 12 12 12 12
Units Consumed per day 720 720 720 720 720 720 720 720 720 720
Rate per unit 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
Cost per day 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320
Cost per annum 15,76,800 15,76,800 15,76,800 15,76,800 15,76,800 15,76,800 15,76,800 15,76,800 15,76,800 15,76,800

Page 5 Project 100 Cows.xlsx

13 CONSUMABLES Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Detergents 200 200 200 200 200 200 200 200 200 200
Oil 25 25 25 25 25 25 25 25 25 25
Teat Dip 150 150 150 150 150 150 150 150 150 150
Diesel 0 0 0 0 0 0 0 0 0 0
Pouching 0 0 0 0 0 0 0 0 0 0
Cost per day 375 375 375 375 375 375 375 375 375 375
Cost per annum 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875 1,36,875

14 SPARES & MAINTENANCE Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Rubber Parts with 10% appreciaition 50,000 50,000 55,000 60,500 66,550 73,205 80,526 88,578 97,436 1,07,179
Annual Maintenance Cost with 10% inflation 50,000 50,000 55,000 60,500 66,550 73,205 80,526 88,578 97,436 1,07,179

Annual Spares & Maintenance Cost 1,00,000 1,00,000 1,10,000 1,21,000 1,33,100 1,46,410 1,61,051 1,77,156 1,94,872 2,14,359

15 PAYBACK PERIOD Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Cost of the Project 2,35,70,000

Cash Profits for the year 41,78,316 70,42,021 1,25,78,479 1,57,91,409 1,99,01,682 2,95,99,148 2,53,64,335 2,65,29,814 3,00,82,784 3,13,15,418
Accumulated reserves 41,78,316 1,12,20,337 2,37,98,816 3,95,90,226 5,94,91,907 8,90,91,055 11,44,55,390 14,09,85,204 17,10,67,989 20,23,83,406
Year of payback Payback Payback Payback Payback Payback Payback Payback Payback

16 INTEREST COVERAGE Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Net Profit 26,81,316 80,24,633 1,60,36,873 2,06,86,555 2,66,34,850 4,06,68,811 3,45,40,282 3,62,26,938 4,13,68,718 4,31,52,558
Depreciation 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000
Interest 26,86,980 25,57,400 22,74,680 19,91,960 17,09,240 14,26,520 11,43,800 8,61,080 5,78,360 2,95,640
PBIDT 68,65,296 1,20,79,033 1,98,08,553 2,41,75,515 2,98,41,090 4,35,92,331 3,71,81,082 3,85,85,018 4,34,44,078 4,49,45,198
Interest Coverage Ratio 2.56 4.72 8.71 12.14 17.46 30.56 32.51 44.81 75.12 152.03

17 DEBT SERVICE COVERAGE RATIO Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Net Profit 26,81,316 80,24,633 1,60,36,873 2,06,86,555 2,66,34,850 4,06,68,811 3,45,40,282 3,62,26,938 4,13,68,718 4,31,52,558
Depreciation 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000 14,97,000
Interest 26,86,980 25,57,400 22,74,680 19,91,960 17,09,240 14,26,520 11,43,800 8,61,080 5,78,360 2,95,640
Annual Instalment - 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000 19,84,000
Debt Service Coverage Ratio 2.56 2.66 4.65 6.08 8.08 12.78 11.89 13.56 16.95 19.72

18 RETURN ON INVESTMENT Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Initial Investment 2,35,70,000 2,35,70,000 2,35,70,000 2,35,70,000 2,35,70,000 2,35,70,000 2,35,70,000 2,35,70,000 2,35,70,000 2,35,70,000
Accruals 26,81,316 80,24,633 1,60,36,873 2,06,86,555 2,66,34,850 4,06,68,811 3,45,40,282 3,62,26,938 4,13,68,718 4,31,52,558
Total Investment 2,62,51,316 3,15,94,633 3,96,06,873 4,42,56,555 5,02,04,850 6,42,38,811 5,81,10,282 5,97,96,938 6,49,38,718 6,67,22,558

Net Profit 26,81,316 80,24,633 1,60,36,873 2,06,86,555 2,66,34,850 4,06,68,811 3,45,40,282 3,62,26,938 4,13,68,718 4,31,52,558
10.2% 25.4% 40.5% 46.7% 53.1% 63.3% 59.4% 60.6% 63.7% 64.7%

Cash Profit 41,78,316 70,42,021 1,25,78,479 1,57,91,409 1,99,01,682 2,95,99,148 2,53,64,335 2,65,29,814 3,00,82,784 3,13,15,418
15.9% 22.3% 31.8% 35.7% 39.6% 46.1% 43.6% 44.4% 46.3% 46.9%

Page 6 Project 100 Cows.xlsx