Project Summary

1. Name of Project : Gita Agriculture Foundation PVT. Ltd

2. Location :
a. Corportae Office : Banepa Nagarpalika-4, Bulle
b. Project Area : Banepa Nagarpalika-4, Bulle
3. Type of Project : Integreted Agro firm

4. Employment : 3
5. Working Days : 365
Amount in Rs.
6. Total Project Cost : 13,340,352
Fixed Capital : 5,203,000
Working Capital : 8,137,352

7. Government Subsidy@75% : 10,000,000

Fixed Capital : 3,902,250
Working Capital : 6,097,750
8. Equity Finance@75% : 3,340,352
Fixed Capital : 1,300,750
Working Capital : 2,039,602
9. Sales Revenue : 11,368,358
10. Operating Cost :(initial Year) 6,906,329
11. Net Profit (2nd year) : 2,385,422
12. Break Even Point (%): 19%
13. ROI (Average) 17%
14. ROE (Average) 67%
15. Payback Period (Years) 2.72
16. BCR 1.48
17. NPV (2nd Year) 839147
18.IRR (2nd Year) 15%
 Projected Balance Sheet
Amount in Rs.
Projected
Particulars Sch. 2084/85 2083/84 2082/83 2081/82 2080/81
Sources Of Fund
Paid up Capital 2 9,900,000 9,900,000 9,900,000 9,900,000 9,900,000
Accumulated Profit/(Loss) 11,209,613 7,647,458 4,681,390 2,097,101 (288,321)
Properietor Investment - - - - -
Long Term Loan - - - - -
Total Sources of Fund 21,109,613 17,547,458 14,581,390 11,997,101 9,611,680

Uses Of Fund
Fixed Assets (less Dep.) 1 3,120,632 3,416,120 3,759,994 4,162,988 4,638,450
###
Current Assets ###
Closing Inventory 5 6,488 5,898 5,618 5,350 5,000
Advance & Deposit 6 850,918 773,562 703,238 639,307 581,189
Sundry Debtors 8 14,190,981 9,460,654 6,307,102 4,204,735 2,803,157
Cash & Bank Bal. 3 4,978,477 5,655,570 5,374,487 4,425,630 2,173,424
Total Current Assets 20,026,863 15,895,684 12,390,445 9,275,023 5,562,769
Total Assets 23,147,495 19,311,804 16,150,439 13,438,010 10,201,219

Current Liabilities & Provisions

Short Trem loan 9 - - - - -
Sundry Creditors & Payable 10 699,385 635,804 578,004 525,458 477,689
Other Payable 10 151,113 139,853 129,616 120,310 111,850
Provision for Income Tax 10 1,187,385 988,689 861,429 795,141 -
Total Current Liabilities 2,037,883 1,764,346 1,569,049 1,440,909 589,539
Net Current Assets 17,988,981 14,131,338 10,821,395 7,834,114 4,973,230
Total Uses of Fund 23,147,495 19,311,804 16,150,439 13,438,010 10,201,219
Asset-Liabilities - - - - -
 Income Statement
Amount in Rs.
Projected
2084/85 2083/84 2082/83 2081/82 2080/812076/77
Particulars Sch.

Sales Reveneue/ Income 17,894,995 15,560,866 13,531,188 11,766,250 6,821,015

###
Less:
Cost of Sales 4 11,788,531 10,295,019 8,800,918 7,306,535 5,811,885
###
Gross Profit 6,106,465 5,265,847 4,730,270 4,459,715 1,009,130
###
Less:
Administrative exp. 7 1,061,436 967,215 881,559 803,690 732,900
###
Operating profit 5,045,028 4,298,632 3,848,711 3,656,025 276,230
###
Less Depreciation 1 295,489 343,874 402,993 475,463 564,550
###
Net Profit Before Interest & Tax 4,749,540 3,954,758 3,445,718 3,180,563 (288,321)
###
Less: Interest Expenses 7 - - - - ###
-
Net profit (loss) before tax 4,749,540 3,954,758 3,445,718 3,180,563 (288,321)
###
Provision for Tax 1,187,385 988,689 861,429 795,141 ###
-
Net profit after tax 3,562,155 2,966,068 2,584,288 2,385,422 (288,321)
###
Up to previous year profit /(Loss) 7,647,458 4,681,390 2,097,101 (288,321) ###
-
Total Profit Available 11,209,613 7,647,458 4,681,390 2,097,101 (288,321)
###
Less : Profit Withdrawn - - - ###
-
Balance Transfer to B/S 11,209,613 7,647,458 4,681,390 2,097,101 (288,321)
###
 Projected Cash Flow Statement
Amount in Rs.
S.no. Particular 2084/85 2083/84 2082/83 2081/82 2080/81
1 CASH FLOW FROM OPERATION ACTIVITIES (677,093) 281,083 948,856 2,252,207 (2,553,922)
Net profit (loss) 4,749,540 3,954,758 3,445,718 3,180,563 (288,321)
Add
Depreciation 295,489 343,874 402,993 475,463 564,550

Decrease(Increase) in current assets (4,808,273) (3,224,156) (2,166,566) (1,460,047) (3,389,345)

Increase (decrease) in current liabilities 273,536 195,297 128,141 851,370 559,194
Income tax paid (1,187,385) (988,689) (861,429) (795,141) -

2 CASH FLOW FORM INVESTING ACTIVITIES - - - - (5,203,000)

Fixed assets Sales (Purchase) - - - - (5,203,000)
3 CASH FLOW FROM FINANCING ACTIVITIES - - - - 9,430,346
Increase in share capital - - - - 9,900,000
Properietor's Investment - - - - -
Bank Loan Disbursement/(Payment) - - - - (469,655)
Dividend Distributed - - - - -
Net cash increse(decrease) from 1+2+3 (677,093) 281,083 948,856 2,252,207 1,673,424
Opening balance of Cash & Bank 5,655,570 5,374,487 4,425,630 2,173,424 500,000
Cash & Bank Bal. End of the year 4,978,477 5,655,570 5,374,487 4,425,630 2,173,424
 Schedule-1

Amount in Rs.
Name of Assets Opn.Bls 2080/81 Total Bal Dep. Rate Dep. Amt.
Furniture, Fixture 25,000 25,000 25% 6,250
Civil Construction 3,124,000 3,124,000 5% 156,200
Plants and Machinery 94,000 94,000 15% 14,100
Animal Purchase 1,940,000 1,940,000 20% 388,000
Other Fixed Asset 20,000 20,000 0% -
Total - 5,203,000 5,203,000 564,550

Name of Assets Opn.Bls 2081/82 Total Bal Dep. Rate Dep. Amt.
Other Fixed Asset 18,750 18,750 0.25 4,688
Civil Construction 2,967,800 2,967,800 0.05 148,390
Plants and Machinery 79,900 79,900 0.15 11,985
Animal Purchase 1,552,000 1,552,000 0.20 310,400
Other Fixed Asset 20,000 20,000 - -
Total 4,638,450 - 4,638,450 475,463

Name of Assets Opn.Bls 2082/83 Total Bal Dep. Rate Dep. Amt.
Plants and Machinery 14,063 14,063 25% 3,516
Civil Construction 2,819,410 2,819,410 5% 140,971
Plants and Machinery 67,915 67,915 15% 10,187
Animal Purchase 1,241,600 1,241,600 20% 248,320
Other Fixed Asset 20,000 20,000 0% -
Total 4,162,988 - 4,162,988 402,993

Name of Assets Opn.Bls 2083/84 Total Bal Dep. Rate Dep. Amt.
Plants and Machinery 10,547 10,547 25% 2,637
Civil Construction 2,678,440 2,678,440 5% 133,922
Plants and Machinery 57,728 57,728 15% 8,659
Animal Purchase 993,280 993,280 20% 198,656
Other Fixed Asset 20,000 20,000 0% -
Total 3,759,994 - 3,759,994 343,874

Name of Assets Opn.Bls 2084/85 Total Bal Dep. Rate Dep. Amt.
Plants and Machinery 7,910 7,910 25% 1,978
Civil Construction 2,544,518 2,544,518 5% 127,226
Plants and Machinery 49,069 49,069 15% 7,360
Animal Purchase 794,624 794,624 20% 158,925
Other Fixed Asset 20,000 20,000 0% -
Total 3,416,120 3,416,120 295,489
Clo. Balance
18,750
2,967,800
79,900
1,552,000
20,000
4,638,450

Clo. Balance
14,063
2,819,410
67,915
1,241,600
20,000
4,162,988

Clo. Balance
10,547
2,678,440
57,728
993,280
20,000
3,759,994

Clo. Balance
7,910
2,544,518
49,069
794,624
20,000
3,416,120

Clo. Balance
5,933
2,417,292
41,708
635,699
20,000
3,120,632
 Schedule Forming Parts of Financial Statement (Schedule)

Amount in Rs.
Capital Projected
Particulars 2084/85 2083/84 2082/83 2081/82 2080/81
Authorised Capital 9900000 9900000 9900000 9900000 9900000
Issued Capital 9900000 9900000 9900000 9900000 9900000
Paid Up Share Capital 9900000 9900000 9900000 9900000 9900000
Total 9900000 9900000 9900000 9900000 9900000
Cash Bank Balance Schedule-3
Particulars 2084/85 2083/84 2082/83 2081/82 2080/81
Cash in Hand/ Bank 5655570 5655570 5374487 4425630 2173424
Foreign Currency 0 0 0 0 0
Total 5655570 5655570 5374487 4425630 2173424

Cost of Sales Schedule-4

Particulars 2084/85 2083/84 2082/83 2081/82 2080/81
Opening Stock 10295019 8800918 7306535 5811885 5566885
Add: Purchase 1500000 1500000 1500000 1500000 250000
Less: Closing Stock 6488 5898 5618 5350 5000
COGS 11788531 10295019 8800918 7306535 5811885
Closing Stocks Schedule-5
Particulars 2084/85 2083/84 2082/83 2081/82 2080/81

Total Colsing Stocks 6488 5898 5618 5350 5000

Prepaid Advance and Deposit Schedule-6

Particulars 2084/85 2083/84 2082/83 2081/82 2080/81
Advance and deposit for Raw Materials 850918 773562 703238 639307 581189
Total 850918 773562 703238 639307 581189
 Schedule Forming Parts of Financial Statement (Schedule)
Schedule-7
Amount in Rs.
Administrative Expenses Projected
Particulars 2084/85 2083/84 2082/83 2081/82 2080/81
Salary & Allowance 825,752 750,684 682,440 620,400 564,000
Water & Electricity expenses 49,633 45,121 41,019 37,290 33,900
Priting & Stationary 36,603 33,275 30,250 27,500 25,000
Telephone and communication 36,603 33,275 30,250 27,500 25,000
Travel & Tours 36,603 33,275 30,250 27,500 25,000
Office expenses 14,641 13,310 12,100 11,000 10,000
Audit fee 25,000 25,000 25,000 25,000 25,000
Miscellenous Expenses 36,603 33,275 30,250 27,500 25,000
Total 1,061,436 967,215 881,559 803,690 732,900
Interest Expenses - - - - -

Debtors and Receivables Schedule-8

Particulars 2084/85 2083/84 2082/83 2081/82 2080/81
Trade Receivables 14,190,981 9,460,654 6,307,102 4,204,735 2,803,157
Other receivables - - - - -
Total 14,190,981 9,460,654 6,307,102 4,204,735 2,803,157

Borrowings Schedule-9
Particulars 2084/85 2083/84 2082/83 2081/82 2080/81
Short Term Loan - - - - -
Long term Loan - - - - -
Total - - - - -

Commercial and Other Payables Schedule-10

Particulars 2084/85 2083/84 2082/83 2081/82 2080/81
Sundry Creditors 699,385 635,804 578,004 525,458 477,689
Income Tax Payable 1,187,385 988,689 861,429 795,141 -
TDS payable 127,613 116,353 106,116 96,810 88,350
Other Payable 23,500 23,500 23,500 23,500 23,500
Total 2,037,883 1,764,346 1,569,049 1,440,909 589,539
 Working Capital Estimation
Amount in Rs.
S.N. Particulars Basis (Projected)

a. Sales/Total Revenue Annual 11368358

b. Cost of Goods Sold (CoGS) Annual 5811885

c. Stock/Inventory (CoGS/365)* Average Stock Holding 5811885

Period

d. Debtors/Account Receivable (Sales/365)* Average Account Receivable 2803157

Period

e. Creditors/Account Payable (CoGS/365)* Average Account Payable 477689

Period

f. Total Requirement of Working Capital f = (c + d - e) 8137352

g. Bank Financing 49% 0

h. Working Capital Requested by Customer 0

Ratios

Discription Days (Input Days)

Average Stock Holding Period: ....... Days

365
Average Account Receivable Period: .......
Days
90
Average Account Payable Period: ...........
Days
30
Required days

425
 Annex-1
Fixed Assets Investment
Amount in Rs.
Particulars Unit Qnt. Rate Amt. Total
1 Building & Civil Construction 3124000
Sheds for buffaloes@70 sqft/buffalo Sqft 420 1000 420000
Shed for calves, dry buffaloes & calving pen @40 sqft/nos Sqft 228 1000 228000
Sheds for cow@70 sqft/cow Sqft 700 1000 700000
Shed for calves, dry cow & calving pen @40 sqft/nos Sqft 380 1000 380000
Shed for Buck Sqft 30 1000 30000
Shed for Doe Sqft 600 1000 600000
Shed for Kids Sqft 500 1000 500000
Shed for sick & pregnent goats/ Sqft 36 1000 36000
High tek Tunnel for vegetables Nos 4 100000 400000
Hay/straw & feed store Sqft 250 1000 250000

2 Machinery,Tools & Equipments 94000

- Sprayers Nos. 1 1000 1000
- Shovels & other equipments Sets 1 3000 3000
- Grass/Chafe Cutter Nos. 2 45000 90000

3 Furniture & Office Equipments 25000

Furniture,Fixtures & Office Equipment
Office Set 1 25000 25000

4 Initial Animal Purchase 1940000

Buffaloes Nos. 4 125000 500000
Cow Nos. 6 100000 600000
She-Goats (does) Nos. 50 10000 500000
He-Goats (Boer Cross) Nos. 2 170000 340000

5 Pre Operating Cost 20000

Project Engineering and Report 20000

Total Fixed Asset Investment 5203000

 Annex-2A
ANNUAL OPERATING COST ESTIMATION
(Fixed Cost Estimation)
Amount in Rs.
SN Particulars Unit Quantity Rate/ Unit Sub Total Total Amt
1 Depreciation: 564550

2 Ammortization of Pre Operating Expenses 20000 10% 2000 2000

3 Insurance, @1% of fixed asset (excludingP/O cost) 51830 0.5% 259 259
4 Office Overhead 110000
- Printing and Stationery LS 25000
- Office Materials LS 10000
- Communication LS 25000
- Travel and Tours LS 25000
- Auditing and Legal Consultancy LS 25000

5 Indirect Labor 384000

- Manager, @Rs.20000/month Nos. 1 20000.000 240000
- Watchmen/Guards, @Rs.12000/month Nos. 1 12000.000 144000

Total Fixed Costs 1060809

contd.,
 Annex 2B
ANNUAL OPERATING COST ESTIMATION
(Variable Cost Estimation)
Amount in Rs.
SN Particulars Unit Quantity Rate / Unit Sub Total Total Amt
1 Purchasing Materials: 5566885
Buffaloe & Cattle 4668960
Details in Annex 2C
Goats (local) 846125
Grass 41800
Vegetables & Others 10000
2 Direct Labour 180000
Herdsmen for animal, @Rs.15000/month No. 1 15000.000 180000
3 Utilities 33900
- Electricity @5 units/day Units 1825 12.000 21900
- Water Months 12 1000.000 12000
4 Repair & Maintenance: 64735
- Buildings & Civil Works 3124000 2% 62480
- Machinery & Equipment 94000 2% 1880
- Furniture & Office Equipment 25000 2% 375
TOTAL VARIABLE COST: 5845520
TOTAL FIXED COST 1060809
TOTAL ANNUAL OPERATING COST: 6906329
 Annex 2C
INPUTS AND MATERIALS
Amount in Rs.
SN Particulars Unit Quantity Rate Sub Total Total Amt
1 Animals 16 4668960
Concentrate feed 1289800
Lactation period - 9 months, @1kg/2.5litres of milk kg. 20736 50 1036800
Dry period - 3 months, @2.5kg/animal/day kg. 3600 50 180000
Calves, @0.25kg/animal/day kg. 1460 50 73000
Male Calves, @0.25kg/animal/day kg. 4563 50 228125
Green grasses 2078400
Lactation period - 9 months, @15kg/animal/day kg. 64800 20 1296000
Dry period - 3 months, @15kg/animal/day kg. 21600 20 432000
Calves, @3kg/animal/day kg. 17520 20 350400
Hay & alternative 1288200
Lactation period - 9 months, @7kg/animal/day kg. 30240 20 604800
Dry period - 3 months, @7kg/animal/day kg. 10080 20 201600
Calves, @1kg/animal/day kg. 24090 20 481800
Vaccination & medicine 12560
Adults @Rs.300/animal/year no. 16 500 8000
Calves @Rs.200/animal/year no. 15 300 4560

2 Goats 846125
- Feed for Does @200gm/head/day Kg. 7300 50 365000
- Feed for Bucks @250gm/head/day Kg. 183 50 9125
- Feed for Kids @50g/head/day for 6 mo. Kg. 1800 50 90000
- Medicines/vaccines heads 152 500 76000
- Green Fodder, etc., @500g/day Kg. 15300 20 306000

3 Others (Vegetables) 10000

Vegetable sapling and seeds Ls 10000

4 Grass 41800
Seeds Kg 40 45 1800
Organic manure (Compost) Kg 2000 20 40000
 Annex-3
Annual Production Cost

Amount in Rs.
Year 2078/79 2079/80 2080/81 2081/82 2082/83
1 Direct Material 5566885 5845229 6137491 6444365 6766584
2 Direct Labour 180000 189000 198450 208373 218791
3 Utilities 33900 34578 35270 35975 36694
4 Repair & Maintenance 64735 66030 67350 68697 70071

6 PROJECT COST 5845520 6134837 6438561 6757410 7092140

8 Administrative Overheads* 732900 803690 881559 967215 1061436

9 OPERATING COST 6578420 6938527 7320120 7724625 8153577

10 Financial cost 0 0 0 0 0
a.On Short-Term Loan 0 0 0 0 0
b.On Long-Term Loan 0 0 0 0 0
11 Depreciation 564550 475463 402993 343874 295489

12 TOTAL ANNUAL COST 7142970 7413989 7723113 8068499 8449065

Assumptions:
Yearly 5% increase in Dirct Materials ,Utility and repair & maintenance
Yearly 5% increase in Dirct Labour
 Annex-4
ANNUAL SALES REVENUE ESTIMATION
Amount in Rs.
Years
SN Particulars Unit QTY Rate
1 2 3 4 5
1 (Cow+Buffalo) 6854000 7882100 9064415 10424077 11987689
Milk, @12 liters/animal/day (for 270days) Liters 51840 100 5184000 5961600 6855840 7884216 9066848
Sales of he-calves (buffalo) Nos. 2 60000 120000 138000 158700 182505 209881
Sales of she-calves (Buffalo+Cow) Nos. 5 60000 90000 103500 119025 136879 157411
Manure, @10kg/animal/day Kg 58400 25 1460000 1679000 1930850 2220478 2553549
2 Goats 3904358 4490011 5163513 5938040 6828746
Sales of he-goats, @30kg live weight Nos. 45 40000 1805000 2075750 2387113 2745179 3156956
Sales of young she-goats, Nos. 36 30000 1083000 1245450 1432268 1647108 1894174
Sales of adult she-goats Nos. 9 40000 361000 415150 477423 549036 631391
Manure (goat), @1.4kg/animal/day Kg 26214 25 655358 753661 866710 996717 1146224
3 Vegetables 610000 701500 806725 927734 1066894
Tomato Kg 3500 40 140000 161000 185150 212923 244861
Potato Kg 2000 35 70000 80500 92575 106461 122430
Other Plants Kg 10000 40 400000 460000 529000 608350 699603
TOTAL 11368358 13073611 15034653 17289851 19883328
Goat: CU 6821015 11766250 13531188 15560866 17894995
No. of mother goats 50 % 60% 90% 90% 90% 90%
No. of bucks 4 51
Mortality of mother goats 5%
Total No. for breeding 48
No of kids per goat per year 2
Total kids per year 95
Kids mortality 5%
Total kids alive 90
Male kids (50/%) 45
Female kids (50%) 45
Sale of he-goats (100%) 45
Sale of she-goats (80%) 36
Replacement of stock (20%) 9
 Annex-5
REPAYMENT SCHEDULE OF TERM LOAN

Term Loan : 0
Interest Rate : 8.5%
Capital Recovery Factor : 0.2538
Installment : 0
Repayment Time: 5 Year
Amount in Rs.
SN Year of Operation 0 1 2 3 4 5
1 Installment 0 0 0 0 0
2 Principal 0 0 0 0 0
3 Interest 0 0 0 0 0
4 Loan Outstanding 0 0 0 0 0 0
 Annex-5
CALCULATION BREAK EVEN POINT

Amount in Rs.

1. Total Fixed Cost 1060809

2. Total Variable Cost 5845520

3. Annual Sales Revenue 11368358

Fixed Cost
BEP in Percentage = ---------------------------------------------
Sales - Variable Cost

= 1060809
5522838

= 19%

BEP in Sales, in Rs. = 2183598

 Annex-6
FINANCIAL RATIOS
Amount in Rs.
Year of Operation 1 2 3 4 5
1. Return on Investment: -2% 18% 19% 22% 27%
A. Net Profit -288321 2385422 2584288 2966068 3562155
B. Total Investment 13340352 13340352 13340352 13340352 13340352
2. Return on Equity: -9% 71% 77% 89% 107%
A. Net Profit -288321 2385422 2584288 2966068 3562155
B. Total Equity 3340352 3340352 3340352 3340352 3340352

BENEFIT COST RATIO

Amount in Rs.
Particulars 1st Year 2nd Year 3rd Year 4th Year 5th Year
Cost 8,592,345 2,255,188 3,027,995 4,212,845 5,995,658
Benefit 9,706,575 4,507,395 3,976,852 4,493,929 5,318,564
DF@5% 0.952 0.907 0.864 0.823 0.784
Discounte Cost 8,179,913 2,045,455 2,616,188 3,467,172 4,700,596
Discounte Benefit 9,240,659 4,088,207 3,436,000 3,698,503 4,169,754
BCR 1.13 2.00 1.31 1.07 0.89
Total
Discounte Cost 21,009,323
Discounte Benefit 24,633,124
BCR (3 year average) 1.48
 Annex-7
CALCULATION of Internal Rate of Return (IRR) & Net Present Value (NPV)
Amount in Rs.
SN Year of Operation 0 1 2 3 4
Cashflow -5203000 2173424 4425630 5374487 5655570

Internal Rate of Return (2nd Year) 15% Derived by Excel

Net Present Value (2nd Year) 839,147 Derived by Excel

Annex-8
SIMPLE PAY BACK PERIOD
Amount in Rs.
SN Year of Operation 0 1 2 3 4
1 Net Profit -5203000 -288321 2385422 2584288 2966068
2 Depreciation 564550 475463 402993 343874
3 Profit before Depre. 276230 2860884 2987282 3309942
4 Cumulative Profit -5203000 276230 3137114 6124395 9434338
Simple Pay Back Period = 1.00 Years
21 month
2.72 Years
PV)

5
4978477

5
3562155
295489
3857643
13291981