DETAILED PROJECT REPORT

OF

MUSHROOM GROWING UNIT (150 MT)

OF

RADHA RAWAT

Village Sendariya
Ajmer
Rajasthan
CULTIVATION OF BUTTON MUSHROOM

1. INTRODUCTION

Button Mushroom (Agaricus spp.) is the most popular mushroom variety grown and
consumed the world over. In India, its production earlier was limited to the winter season,
but with technology development, these are produced almost throughout the year in
small, medium, and large farms, adopting different levels of technology. The species
being grown in most farms is the white button mushroom (Agaricus Bosporus) belonging
to Class Basidiomycetes and Family Agaricaceous.

2. BACKGROUND

2.1 Origin

Cultivation of button mushrooms (A.bisporus) started in the sixteenth century. However,

on a commercial scale, the cultivation was initiated in Europe around 17 th Century. Many
farms for production of button mushrooms were established and this variety still
dominates the world production and consumption. India, with its diverse agroclimatic
conditions and abundance of agricultural wastes, has been producing mushrooms, mainly
for the domestic market, for more than four decades. Commercial production picked up
in the nineties and several hi-tech export-oriented farms were set up with foreign
technology collaborations. But major share of mushroom production is still on small farms.

2.2 Botanical Description

The vegetative mycelium is composed of many inter-woven septate hyphae. The

reproductive phase is initiated by the formation of small knob like swellings at different
points of interwoven mycelial strands. These swellings increase in size and break through
the surface of the substratum as small balls constituting the button stage. A matured
basidiocarp (fruit body) is whitish in color and consists of thick short stipe with an annulus.
The stipe supports the pileus which appears as a hat like expansion. On the underside of
the pileus, several radiating gills or lamella are present which are pink when young but
purple-brown when mature.

2.3 Production Status

Large scale white button mushroom production is centered in Europe (mainly western
part), North America (USA, Canada) and S.E. Asia (China, Korea, Indonesia, Taiwan,
and India). The national annual production of mushrooms is estimated to be around
50,000 tons with 85 percent of this production being of button mushrooms.

2.4 Economic Importance

Mushrooms are highly proteinaceous and are used as food. The white button mushroom
is sold as fresh mushroom or is canned and made into soups, sauces, and other food
products. Protein in mushrooms have 60-70 % digestibility and contains all the essential
amino acids. It has medicinal properties also. A high amount of retene is present in the
button mushroom which is supposed to have an antagonistic effect on some forms of
tumors.

3. PRODUCTION TECHNOLOGY

3.1 Agro-climatic Requirements

In India, button mushrooms are grown seasonally and in environment-controlled cropping

houses. White button mushroom requires 20-280 C for vegetative growth (spawn run) and
12-180 C for reproductive growth. Besides that, it requires relative humidity of 80-90%
and enough ventilation during cropping. Seasonally, it is grown during the winter months
in the north-west plains of India and for 8-10 months in a year on the hills. However, with
the advent of modern cultivation technology it is now possible to cultivate this mushroom
anywhere in India.

The growers can take on an average 3-4 crops of white button mushrooms in a year
depending upon the type and varieties cultivated. Factors affecting the yield of the crop
both in terms of quality and quantity are incidence of pests/pathogens and non-availability
of pure quality of spawn.

3.2 Growing and Potential Belts

The major producing states are Himachal Pradesh, Uttar Pradesh, Uttarakhand, Punjab,
Haryana, Maharashtra, Andhra Pradesh, Tamil Nadu, and Karnataka.

3.3 Cultivation Technology

The whole process of mushroom production can be divided into the following steps:

(i) Spawn production

(ii) Compost preparation
(iii) Spawning
(iv) Spawn running
(v) Casing
(vi) Fruiting

3.3.1 Spawn Production

Spawn is produced from fruiting culture / stocks of selected strains of mushrooms under
sterile conditions. Stock culture may be produced in the lab or may be obtained from other
reputed sources. Fruiting culture is mainly imported from various places including foreign
sources which give higher yield than Indian strains and the spawn is produced in the lab.
The spawn should be of good quality in terms of flavor, texture, and size apart from having
potential for high yield and longer shelf life.

3.3.2 Compost Preparation

The substrate on which button mushroom grows is mainly prepared from a mixture of
plant wastes (cereal straw/ sugarcane bagasse etc.), salts (urea, superphosphate /
gypsum etc.), supplements (rice bran/ wheat bran) and water. To produce 1 kg. Of
mushroom, 220 g. of dry substrate materials are required. It is recommended that each
ton of compost should contain 6.6 kg. nitrogen, 2.0 kg. phosphate and 5.0 kg. of
potassium (N:P: K- 33: 10:25) which would get converted into 1.98% N, 0.62% P and
1.5% K on a dry weight basis. The ratio of C: N in a good substrate should be 25-30: 1 at
the time of staking and 16-17: 1 in the case of final compost.
(A) Short Method of composting
During the first phase of compost preparation, paddy straw is placed in layers and
sufficient water is added to the stack along with fertilizers, wheat bran, molasses etc. The
whole thing is mixed thoroughly with the straw and made into a stack (almost 5feet high,5
feet wide and of any length can be made with the help of wooden boards). The stack is
turned and again watered on the second day. On the fourth day the stack is again turned
for the second time by adding gypsum and watered. The third and final turning is given
on the twelfth day when the color of the compost changes into dark brown and it starts
emitting a strong smell of ammonia.

The second phase is the pasteurization phase. The compost prepared because of
microbe mediated fermentation process needs to be pasteurized in order to kill
undesirable microbes and competitors and to convert ammonia into microbial protein. The
whole process is carried out inside a steaming room where an air temperature of 60 0 C is
maintained for 4 hours. The compost finally obtained should be granular in structure with
70% moisture content and pH 7.5. It should have a dark brown color, sweet obnoxious
smell and free from ammonia, insects, and nematodes. After the process is complete, the
substrate is cooled down to 250 C.

(B) Long Method of composting

The long method of composting is usually practiced in areas where facilities for steam
pasteurization is not available. In this method, the first turning is given about six days after
preparation of the substrate for composting. The second turning is given on the tenth day
followed by third one on the thirteenth day when gypsum is added. The fourth, fifth and
sixth turnings are given on the sixteenth, nineteenth and twenty-second day. On the
twenty-fifth day the seventh turning is given by adding 10% BHC (125 g.) and the eighth
turning is given on the twenty-eighth day after which it is checked whether there is any
smell of ammonia present in the compost. The compost is ready for spawning only if it
does not have any smell of ammonia; otherwise, a few more turnings are given at an
interval of three days till there is no smell of ammonia.

3.3.3 Spawning

The process of mixing spawn with compost is called spawning. The different methods
followed for spawning are given below:
 (i) Spot Spawning: Lumps of spawn are planted in 5 cm. deep holes
made in the compost at 20-25 cm. The holes are later covered with
compost.

(ii) Surface Spawning: The spawn is evenly spread in the top layer of the
compost and then mixed to a depth of 3-5 cm. The top portion is covered
with a thin layer of compost.

(iii) Layer Spawning: About 3-4 layers of spawn mixed with compost are
prepared which is again covered with a thin layer of compost like in surface
spawning.

The spawn is mixed through the whole mass of compost at the rate of 7.5 ml./ kg. compost
or 500 to 750 g./ 100 kg. compost (0.5 to 0.75%).

3.4.4 Spawn Running

After the spawning process is over, the compost is filled in polythene bags (90x90 cm.,
150 gauge thick having a capacity of 20-25 kg. per bag)/ trays (mostly wooden trays 1x1/2
m. accommodating 20-30 kg. compost) / shelves which are either covered with a
newspaper sheet or polythene. The fungal bodies grow out from the spawn and take
about two weeks (12-14 days) to colonize. The temperature maintained in cropping room
is 23 ± 20 C. Higher temperature is detrimental for growth of the spawn and any
temperature below than that specified for the purpose would result in slower spawn run.
The relative humidity should be around 90% and a higher-than-normal CO 2 concentration
would be beneficial.

3.5.5 Casing

The compost beds after complete spawn run should be covered with a layer of soil
(casing) about 3-4 cm. thick to induce fruiting. The casing material should be having high
porosity, water holding capacity and the pH should range between 7-7.5. Peat moss
which is the best casing material is not available in India, as such the mixtures like garden
loam soil and sand (4:1); decomposed cow dung and loam soil (1:1) and spent compost
(2-3 years old); sand and lime are commonly used.
The casing soil before application should be either pasteurized (at 66-70 0 C for 7-8 hours),
treated with formaldehyde (2%), formaldehyde (2%) and Bavistin (75 ppm.) or steam
sterilized. The treatment needs to be done at least 15 days before the material is used
for casing. After casing is done the temperature of the room is again maintained at 23-
280 C and relative humidity of 85-90% for another 8-10 days. Low CO 2 concentration is
favorable for reproductive growth at this stage.

3.6.6 Fruiting

Under favorable environmental conditions viz. temperature (initially 23 ± 2 0 C for about a

week and then 16 ± 20 C), moisture (2-3 light sprays per day for moistening the casing
layer), humidity (above 85%), proper ventilation and CO2 concentration (0.08-0.15 %) the
fruit body initials which appear in the form of pin heads start growing and gradually
develop into button stage.

4. Pest & Diseases

The insect pests mostly observed are nematodes, mites, and springtails.

The crop is suspect to several diseases like Dry Bubble (brown spot), Wet Bubble (White
Mold), Cobweb, Green Mold, False truffle (Truffle disease), Olive green mold, Brown
plaster mold and Bacterial blotch.

Professional help and extension advice will have to sought by the entrepreneur to adopt
appropriate and timely control measures against pests & diseases.

4.1 Harvesting and Yield

Harvesting is done at button stage and caps measuring 2.5 to 4 cm. across and closed
are ideal for the purpose. The first crop appears about three weeks after casing.
Mushrooms need to be harvested by light twisting without disturbing the casing soil. Once
the harvesting is complete, the gaps in the beds should be filled with fresh sterilized
casing material and then watered.

About 10-14 kg. fresh mushrooms per 100 kg. fresh compost can be obtained in two
months crop. Short method used for preparation of compost under natural conditions
gives more yield (15-20 kg. per 100 kg. compost).
5. POST HARVEST MANAGEMENT

5.1 Packing and Storage

(A) Short Term Storage

Button mushrooms are highly perishable. Harvested mushrooms are cut at the soil line
and washed in a solution of 5g. KMS in 10L. of water for removing the soil particles as
well as to induce whiteness. After removing excess water these are packed in perforated
poly bags each containing around 250-500 g. of mushrooms. They can be stored in
polythene bags at 4-50 C for a short period of 3-4 days.

The mushrooms are usually packed in unlabeled simple polythene or polypropylene for
retail sale. Bulk packaging does not exist. In developed countries, modified atmosphere
packaging (MAP) and controlled atmosphere packaging (CAP) are in vogue.

(B) Long Term Storage

White button mushrooms are not usually dried by common procedures used in case of
oyster, paddy and shitake mushrooms. Canning is the most popular method of preserving
the white button mushrooms and sizeable quantity of canned produce are exported to
international markets. Besides that, freeze drying, IQF and pickling are also practiced by
some units.

6. MARKET ANALYSIS AND STRATEGY

6.1 Demand and Supply Patterns

White button mushrooms are grown all over the world and account for 35-45 % of the
total mushroom production. In India, large units with production capacities between 2000
– 3000 tones / annum, have been set up mainly as export-oriented units in the southern,
western, and northern regions. Many small units without climatic control equipment exist
throughout India and function during the autumn and winter months only.
A big gap exists between the demand and supply position of white button mushrooms in
the United States and European market. India exports the highest quantity of the
mushroom produced in the country to USA. Netherlands and China account for 60% of
the export of mushrooms. Germany is the largest importer and France and UK are large
producers as well as consumers.

The possibilities of exporting fresh mushrooms to the markets in Middle East, Europe and
USA need to be explored. Europe is a large producer of fresh button mushrooms as such
only some exotic varieties of mushrooms which are high priced can be exported to these
countries. However, some inhibiting factors are high cost of transportation and absence
of proper pre-cooling techniques and storage facilities.

Marketing problem is experienced in the winter months (December- February) when more
than 75% of the annual production comes in market for sale in limited duration and market
area. Farmers face the consequences of over-saturated market and are forced to sell
their produce at a cheaper price. The commercial units need to establish mushroom
processing unit so that during peak periods when there is glut of mushrooms in the
market, the growers can resort to preservation of mushroom and as such fluctuation in
prices will not affect the project economy.

The price of fresh mushrooms during May-June in different markets viz. Chandigarh,
Delhi and Mumbai vary between Rs.90 and Rs.160 /kg. Any mushroom unit located in
and around the main markets should be able to make sufficient profit as they can save
on transportation of produce.
7. PROJECT

7.1 Promoter: - Promoter of the Project is Smt Radha Rawat

7.2 Location: - The Project shall be Located at Village – Sendariya, Dist. Ajmer
305025. Location of the project will add to success of the project as it is nearer to
the major consumption center Ajmer and Jaipur. Total 8 number of growing rooms
will be set up. Size of each room will be 40 ft * 18 ft. Annual production of
Mushroom will be around 140 MT Approx. The Total Compost capacity of each
room will be around 18000 kg per batch. Total number of crops will be 5 in a year.
The total compost requirement for the unit will be around 720 mt annually.

7.3 Land: - It is taken on Lease for 12 Years. Total Land for the proposed project is 1
Acre.

7.4 RAW MATERIALS

7.4.1 Spawn: - It will be sourced from spawn Lab.

7.4.2 Compost: - It shall be prepared by the unit itself. The basic raw material i.e.,
wheat husk, wheat straw, Gypsum etc. is available in the area. It shall be prepared
by adopting short method of composting.

7.5 LABOUR: - It is available in sufficient quantity and quality in the area.

7.6 POWER: - The required Power load is 120 k.w which is available from state
electricity board. As a backup support provision of generator has been made in the
project.

7.7 MARKET: - The unit proposes to sell its produce in the markets of Delhi NCR
region and surrounding areas, of Punjab which have sufficient demand.
8. PROJECT COST – The Proposed Cost and Means of Finance are as under

PROJECT COST

Sr. No. Particulars Amount in Rs

1 Land owned

2 Growing Room & Civil Construction 150.33

3 Plant & Machinery 99.30

4 Pre-Operatives 5.33

Total 254.96

MEANS OF FINANCE

Sr. No. Particulars Existing

1 Promoter's Equity 94.96

2 Term Loan 160.00

Total 254.96
Assumptions
1 Promoter shall be adopting short method for composting.
2 5 Crops will be taken each year from each room.
3 Average selling price of mushroom is taken at 120/kg.
4 20% average yield is taken from compost.
5 Total Compost capacity of each room per batch will be 5000 Bags of 10 kg each.

White Button Mushroom Production is about 150 M/T per Annum.

All the Calculations in profitability statement has been calculated on consumption
model.
 INDEX

Sr. No. Particulars Annexure

1 Project at Glance I
2 Project Cost II
3 Scheme of Implementation III
4 Capacity Utilisation IV

5 Cost Of Raw Material V

6 Schedule of Output VI
7 Sales & Training Income VII
8 Cost of Civil Construction VIII

9 Cost of Plant & Machinary IX

10 Pre Operative Expenses X
11 Captialisation Chart XI
12 Depreciation Chart XII

13 term Loan & Interest Cost XIII

14 Cost of Consumable XIV
15 Packing Cost XV
16 Fuel & Power Cost XVI

17 Salary Bill XVII

18 Estimate of Working Result XVIII
19 Debt Service Coverage Ratio XIX
20 profit & Loss Reserve A/C XX

21 projected balance Sheet XXI

 ANNEXURE I
PROJECT AT A GLANCE

NAME OF UNIT RADHA RAWAT

ADDRESS UNIT KHATA NO 479/479,KHASRA NO 1057,1072/1963,1073/2234,1100,1328,1329,1332,1333,1343,1345

1350,154/2211,249,552/2109 VILLAGE SENDARIYA, DIST AJMER

REGISTERED OFFICE 96,BYPASS ROAD,SENDARIYA,AJMER-305025

CONSTITUTION INDIVIDUAL

ACTIVITY MUSHROOM GROWING

PROPOSED CAPACITY 150 MT

PROJECT COST Rs. 181.36 Lac

PROMOTERS CONTRIBUTION Rs. 51.36 Lac

CREDIT FACILITIES FROM BANK Rs. 130.00 Lac

(A). TERM LOAN Rs. 130.00 Lac

(B) CC LIMIT Rs. 0.00 Lac

(C) SUBSIDY FROM NHB Rs. 30.00 Lac

LOAN REPAYMENT 7 YEARS

D. S. C. R. (AVE.) 2.78
 ANNEXURE II
PROJECT COST

Sr. No. Particulars Amount in Rs

1 Land owned
2 Growing Room & Civil Construction 41.50
3 Plant & Machinery 137.86
4 Pre Operatives 2.00

Total 181.36

MEANS OF FINANCE

Sr. No. Particulars Existing

1 Promoter's Equity 51.36

2 Term Loan 130.00

Total 181.36

0.00
 ANNEXURE III
SCHEME OF IMPLEMENTATION

Raw Materials Finished Products

1 Spawn Fresh Mushroom

2 Compost

SCHEDULE OF AVAILABILITY OF RAW MATERIALS FOR FIRST YEAR

Sr. No. Raw Materials Availability From

1 Spawn Directorate of Mushroom research

2 Compost Own
.
 ANNEXURE IV
PURCHASE QUANTITY & COST OF RAW MATERIALS

SCHEDULE OF RAW MATERIAL -SPAWN (Rs in Lac)

Year Capacity Spawn Rate/ KG Amount

% Required

2025 50 3600.00 100.00 360000

2026 65 4680.00 105.00 491400
2027 70 5040.00 110.25 555660
2028 70 5040.00 115.76 583443
2029 70 5040.00 121.55 612615
2030 70 5040.00 127.63 643246
2031 70 5040.00 134.01 675408
2032 70 5040.00 140.71 709179
 ANNEXURE V

SCHEDULE OF RAW MATERIAL - COMPOST (Rs in Lac)

In Kg
Year No of Rooms Compost No of Crops Yield Compos Required for Total
for Each Room From Compost cultivation

2025 8 18000 5 20% 720000 360000

2026 8 18000 5 20% 720000 468000
2027 8 18000 5 20% 720000 504000
2028 8 18000 5 20% 720000 504000
2029 8 18000 5 20% 720000 504000
2030 8 18000 5 20% 720000 504000
2031 8 18000 5 20% 720000 504000
2032 8 18000 5 20% 720000 504000

COMPOSITION OF COMPOST
Year Wheat Straw Zipsum Chiken Manure Wheat Bran Urea Moisute Gain Total
30% 3% 24% 2% 1% 40% 100%

2025 108000.00 10800 86400.00 7200.00 3600.00 144000.00 360000.00

2026 140400.00 14040 112320.00 9360.00 4680.00 187200.00 468000.00
2027 151200.00 15120 120960.00 10080.00 5040.00 201600.00 504000.00
2028 151200.00 15120 120960.00 10080.00 5040.00 201600.00 504000.00
2029 151200.00 15120 120960.00 10080.00 5040.00 201600.00 504000.00
2030 151200.00 15120 120960.00 10080.00 5040.00 201600.00 504000.00
2031 151200.00 15120 120960.00 10080.00 5040.00 201600.00 504000.00
2032 151200.00 15120 120960.00 10080.00 5040.00 201600.00 504000.00

COST OF RAW MATERIALS

Year Wheat Straw Zipsum Chiken Manure Wheat Bran Urea TOTAL
Rs 7.Per Kg Rs 7.5 Per Kg Rs 3 Per Kg Rs 21 Per Kg Rs 6 Per Kg

2025 756000.00 81000.00 259200.00 151200.00 21600.00 1269000.00

2026 1053000.00 112320.00 365040.00 205920.00 29250.00 1765530.00
2027 1209600.00 128520.00 423360.00 231840.00 32760.00 2026080.00
2028 1285200.00 136080.00 453600.00 241920.00 34020.00 2150820.00
2029 1360800.00 143640.00 483840.00 252000.00 35280.00 2275560.00
2030 1436400.00 151200.00 544320.00 262080.00 37800.00 2431800.00
2031 1508220.00 158760.00 571536.00 275184.00 39690.00 2553390.00
2032 1583631.00 166698.00 600112.80 288943.20 41674.50 2681059.50
 ANNEXURE VI
SCHEDULE OF OUTPUT
(Qty. In Kg.)
Year Mushroom A Grade B Grade

2025 90000 72000 18000

2026 117000 93600 23400
2027 126000 100800 25200
2028 126000 100800 25200
2029 126000 100800 25200
2030 126000 100800 25200
2031 126000 100800 25200
2032 126000 100800 25200
 ANNEXURE VII
SALES VALUE

Year Product Qty. In Kg. Rate / per Kg. Amount In Lac

2025 Mushroom A Grade 72000.00 120 86.40

Mushroom B Grade 18000.00 100 18.00
104.4
2026 Mushroom A Grade 93600.00 126 117.94
Mushroom B Grade 23400.00 105 24.57
142.51
2027 Mushroom A Grade 100800.00 132 133.36
Mushroom B Grade 25200.00 110 27.78
161.14
2028 Mushroom A Grade 100800.00 139 140.03
Mushroom B Grade 25200.00 116 29.17
169.20
2029 Mushroom A Grade 100800.00 146 147.03
Mushroom B Grade 25200.00 122 30.63
177.66
2030 Mushroom A Grade 100800.00 153 154.38
Mushroom B Grade 25200.00 128 32.16
186.54
2031 Mushroom A Grade 100800.00 161 162.10
Mushroom B Grade 25200.00 134 33.77
195.87
2032 Mushroom A Grade 100800.00 169 170.20
Mushroom B Grade 25200.00 141 35.46
205.66
 ANNEXURE VIII
GROWING ROOM & CIVIL CONSTRUCTION

Sr. No. Description Area ( Sq Ft) Amount in Rs.

1 Mushroom Growing area Shed 6500 2200000.00

2 Compost Mixixng Area 2940 650000.00

3 Bunkers 2 Nos 930 700000.00

4 Tunnel 1 No 720 600000.00

TOTAL 4150000.00
 ANNEXURE IX
PLANT & MACHINERY

S. No. Particulars Amount in Rs.

GROWING AREA
1 Mushroom Growing Unit (8 No Of Rooms) 8500000.00
(Puf Panels, Doors,Refrigeration System)

2 Racks 2600000.00

COMPOST UNIT

1 Blowers 270000.00

2 Tunnel Doors 180000.00

3 Tunnel Room Insulation 100000.00

4 Tractor Loader 1176000.00

5 Genset 960000.00

TOTAL 13786000.00

TOTAL 13786000.00
 ANNEXURE X
PRE-OPERATIVE EXPENSES

S. No. Particulars Amount in Lac

1 Bank Charges 2.00

Total 2.00
 ANNEXURE XI
CAPITALIZATION CHART (Rs in Lac)

Particulars Land & Building Agriculture Pre-Ope Total

Land Devel. Machinery rative

Cost 0.00 41.50 137.86 2.00 181.36

Contingencies 0.00 0.00 0.00 0.00 0.00

Total 0.00 41.50 137.86 2.00 181.36

Capitalization
of Preoperative
Exp. 0.00 0.46 1.54 -2.00 0.00
Total 0.00 41.96 139.40 0.00 181.36
 ANNEXURE XII
DEPRICATION CHART (Rs in Lac)

Land & Land Dev. Civil Construction

Plant & Machinery Grand Total
.
Rate of Depr. Nil 10% 15%

WDV. Ist Year 0.00 0.00 0.00 0.00

Addition Nil 41.96 139.40 181.36
Total 0.00 41.96 139.40 181.36
Depr. Nil 4.20 20.91 25.11

WDV. II Year 0.00 37.77 118.49 156.25

Addition Nil 0.00 0.00 0.00
Total 0.00 37.77 118.49 156.25
Depr. Nil 3.78 17.77 21.55

WDV. III Year 0.00 33.99 100.71 134.70

Depr. Nil 3.40 15.11 18.51

WDV. IV Year 0.00 30.59 85.61 116.20

Depr. Nil 3.06 12.84 15.90

WDV. V Year 0.00 27.53 72.77 100.30

Depr. Nil 2.75 10.91 13.67

WDV. VI Year 0.00 24.78 61.85 86.63

Depr. Nil 2.48 9.28 11.76

WDV. VII Year 0.00 22.30 52.57 74.87

Depr. Nil 2.23 7.89 10.12

WDV. VIII Year 0.00 20.07 44.69 64.76

Depr. Nil 2.01 6.70 8.71

WDV. IX Year 0.00 18.06 37.98 56.05

Depr. Nil 1.81 5.70 7.50

WDV. X Year 0.00 16.26 32.29 48.54

Depr. Nil 1.63 4.84 6.47
 ANNEXURE XIV
COST OF CONSUMABLES

Particulars Amount in Rs.

Zipsum 270000
DAP 67500
Uria 75000
Chemicals 37500
Poly Bags 240000
Cotton 45000
Total 735000

2025 2026 2027 2028 2029 2030 2031 2032

50 100 100 100 100 100 100 100

3.68 7.35 7.35 7.35 7.35 7.35 7.35 7.35

3.68 7.35 7.35 7.35 7.35 7.35 7.35 7.35

 ANNEXURE XV
DETAILS OF PACKING COST (Rs in Lac)

Year 2025 2026 2027 2028 2029 2030 2031 2032

Total Sale 104.40 142.51 161.14 169.20 169.20 169.20 169.20 169.20

Packing & Freight 2.09 2.85 3.22 3.38 3.38 3.38 3.38 3.38
(2% of Sale)

Total 2.09 2.85 3.22 3.38 3.38 3.38 3.38 3.38

 ANNEXURE XVI
DETAIL OF POWER & FUEL COST

Power Load 120 KW

No. of Working Days in a Year 300
No. of Working Hours 8
Power Factor 0.8
No. of Units 230400

Cost Per Unit (Rs.) 8.00

Total Cost 18.43 Lac

Year 2025 2026 2027 2028 2029 2030 2031 2032

Capacity Utilization % 70 70 70 70 70 70 70 70

Power Consumption 18.43 18.43 18.43 18.43 18.43 18.43 18.43 18.43

Cost of Power 12.90 12.90 12.90 12.90 12.90 12.90 12.90 12.90
HSD 0.00 3.20 3.20 3.20 3.20 3.20 3.20 3.20

Total Require. 12.90 16.10 16.10 16.10 16.10 16.10 16.10 16.10
 ANNEXURE XVII
STAFF REQUIREMENT & SALARY BILL

No. of Person Amount

(A). Mushroom Production

1 Helper 15 2160000

3 Temprary Labour 300000

Total 2460000
Annual Salary 2460000

Total 2460000

Year Ist IInd IIIrd IVth Vth VIth VIIth IXth Xth
% 50 100 100 100 100 100 100 100 100
1230000 2460000 2460000 2460000 2460000 2460000 2460000 2460000 2460000
 ANNEXURE XII
TERM LOAN & INTEREST COST (Rs in Lac)

Year Op. Bal. Addition Repayment Closing Bal. Int. Rate 9.5 %

YEAR1 APRIL 0.00 40.00 0.00 40.00 0.32

MAY 40.00 50.00 0.00 90.00 0.71
JUNE 90.00 30.00 0.00 120.00 0.95
JULY 120.00 10.00 0.00 130.00 1.03
AUG 130.00 0.00 0.00 130.00 1.03
SEP 130.00 0.00 0.00 130.00 1.03
OCT 130.00 0.00 0.00 130.00 1.03
NOV 130.00 0.00 0.00 130.00 1.03
DEC 130.00 0.00 0.00 130.00 1.03
JAN 130.00 0.00 0.00 130.00 1.03
FEB 130.00 0.00 0.00 130.00 1.03
MAR 130.00 0.00 0.00 0.00 130.00 1.03 11.24

YEAR2 APRIL 130.00 0.00 1.55 128.45 1.02

MAY 128.45 0.00 1.55 126.90 1.00
JUNE 126.90 0.00 1.55 125.35 0.99
JULY 125.35 0.00 1.55 123.80 0.98
AUG 123.80 0.00 1.55 122.25 0.97
SEP 122.25 0.00 1.55 120.70 0.96
OCT 120.70 0.00 1.55 119.15 0.94
NOV 119.15 0.00 1.55 117.60 0.93
DEC 117.60 0.00 1.55 116.05 0.92
JAN 116.05 0.00 1.55 114.50 0.91
FEB 114.50 0.00 1.55 112.95 0.89
MAR 112.95 0.00 1.55 18.60 111.40 0.88 11.39

YEAR3 APRIL 111.40 0.00 1.55 109.85 0.87

MAY 109.85 0.00 1.55 108.30 0.86
JUNE 108.30 0.00 1.55 106.75 0.85
JULY 106.75 0.00 1.55 105.20 0.83
AUG 105.20 0.00 1.55 103.65 0.82
SEP 103.65 0.00 1.55 102.10 0.81
OCT 102.10 0.00 1.55 100.55 0.80
NOV 100.55 0.00 1.55 99.00 0.78
DEC 99.00 0.00 1.55 97.45 0.77
JAN 97.45 0.00 1.55 95.90 0.76
FEB 95.90 0.00 1.55 94.35 0.75
MAR 94.35 0.00 1.55 18.60 92.80 0.73 9.63

YEAR4 APRIL 92.80 0.00 1.55 91.25 0.72

MAY 91.25 0.00 1.55 89.70 0.71
JUNE 89.70 0.00 1.55 88.15 0.70
JULY 88.15 0.00 1.55 86.60 0.69
AUG 86.60 0.00 1.55 85.05 0.67
SEP 85.05 0.00 1.55 83.50 0.66
OCT 83.50 0.00 1.55 81.95 0.65
NOV 81.95 0.00 1.55 80.40 0.64
DEC 80.40 0.00 1.55 78.85 0.62
JAN 78.85 0.00 1.55 77.30 0.61
FEB 77.30 0.00 1.55 75.75 0.60
MAR 75.75 0.00 1.55 18.60 74.20 0.59 7.86
YEAR5 APRIL 74.20 0.00 1.55 72.65 0.58
MAY 72.65 0.00 1.55 71.10 0.56
JUNE 71.10 0.00 1.55 69.55 0.55
JULY 69.55 0.00 1.55 68.00 0.54
AUG 68.00 0.00 1.55 66.45 0.53
SEPT 66.45 0.00 1.55 64.90 0.51
OCT 64.90 0.00 1.55 63.35 0.50
NOVE 63.35 0.00 1.55 61.80 0.49
DEC 61.80 0.00 1.55 60.25 0.48
JAN 60.25 0.00 1.55 58.70 0.46
FEB 58.70 0.00 1.55 57.15 0.45
MAR 57.15 0.00 1.55 18.60 55.60 0.44 6.09

YEAR6 APRIL 55.60 0.00 1.55 54.05 0.43

MAY 54.05 0.00 1.55 52.50 0.42
JUNE 52.50 0.00 1.55 50.95 0.40
JULY 50.95 0.00 1.55 49.40 0.39
AUG 49.40 0.00 1.55 47.85 0.38
SEPT 47.85 0.00 1.55 46.30 0.37
OCT 46.30 0.00 1.55 44.75 0.35
NOVE 44.75 0.00 1.55 43.20 0.34
DEC 43.20 0.00 1.55 41.65 0.33
JAN 41.65 0.00 1.55 40.10 0.32
FEB 40.10 0.00 1.55 38.55 0.31
MAR 38.55 0.00 1.55 18.60 37.00 0.29 4.32

YEAR7 APRIL 37.00 0.00 1.55 35.45 0.28

MAY 35.45 0.00 1.55 33.90 0.27
JUNE 33.90 0.00 1.55 32.35 0.26
JULY 32.35 0.00 1.55 30.80 0.24
AUG 30.80 0.00 1.55 29.25 0.23
SEPT 29.25 0.00 1.55 27.70 0.22
OCT 27.70 0.00 1.55 26.15 0.21
NOVE 26.15 0.00 1.55 24.60 0.19
DEC 24.60 0.00 1.55 23.05 0.18
JAN 23.05 0.00 1.55 21.50 0.17
FEB 21.50 0.00 1.55 19.95 0.16
MAR 19.95 0.00 1.55 18.60 18.40 0.15 2.56

YEAR8 APRIL 18.40 0.00 1.55 16.85 0.13

MAY 16.85 0.00 1.55 15.30 0.12
JUNE 15.30 0.00 1.55 13.75 0.11
JULY 13.75 0.00 1.55 12.20 0.10
AUG 12.20 0.00 1.55 10.65 0.08
SEPT 10.65 0.00 1.55 9.10 0.07
OCT 9.10 0.00 1.55 7.55 0.06
NOVE 7.55 0.00 1.55 6.00 0.05
DEC 6.00 0.00 1.55 4.45 0.04
JAN 4.45 0.00 1.55 2.90 0.02
FEB 2.90 0.00 1.55 1.35 0.01
MAR 1.35 0.00 1.35 18.40 0.00 0.00 0.79
 ANNEXURE XVIII
ESTIMATE OF WORKING RESULTS (Rs in Lac)

Sr. No. Particulars 2025 2026 2027 2028 2029 2030 2031 2032

A. Processing Cost
Raw Mat Compost 12.69 17.66 20.26 21.51 22.76 24.32 25.53 26.81
Spawn 3.60 4.91 5.56 5.83 6.13 6.43 6.75 7.09
Consumables 3.68 3.86 4.05 4.25 4.47 4.69 4.92 5.17
Transportation 1.90 2.65 3.04 3.19 3.35 3.52 3.69 3.88
Salary & Wages 12.30 24.60 25.83 27.12 28.48 29.90 31.40 32.97
Cost of Power 12.90 16.10 16.91 17.75 18.64 19.57 20.55 21.58

Sub Total (A) 47.07 69.78 75.65 79.66 83.82 88.43 92.85 97.50

B. Packing Cost 2.09 2.85 3.22 3.38 3.55 3.73 3.92 4.11

C. Selling Exp. 2.09 2.85 3.22 3.38 3.55 3.73 3.92 4.11

Sub Total (C) 2.09 2.85 3.22 3.38 3.55 3.73 3.92 4.11

D = Total A+B+C 51.25 75.48 82.09 86.43 90.92 95.89 100.69 105.72

Sale Mushroom 104.40 142.51 161.14 169.20 177.66 186.54 195.87 205.66

Total Revenue 104.40 142.51 161.14 169.20 177.66 186.54 195.87 205.66

PB Depr. & Intt. 53.15 67.03 79.05 82.77 86.73 90.65 95.18 99.94
Depreciation 25.11 21.55 18.51 15.90 13.67 11.76 10.12 8.71
Profit After Dep.. 28.05 45.48 60.54 66.87 73.07 78.89 85.06 91.23

Int onTerm Loan 11.24 11.39 9.63 7.86 6.09 4.32 2.56 0.79

Sub Total 11.24 11.39 9.63 7.86 6.09 4.32 2.56 0.79

Profit After Intt. 16.81 34.08 50.92 59.01 66.97 74.57 82.51 90.44
Pt. for Taxation 5.04 10.23 15.28 17.70 20.09 22.37 24.75 27.13
Net Profit 11.76 23.86 35.64 41.31 46.88 52.20 57.75 63.30
 ANNEXURE XIX
DEBIT SERVICE COVERAGE RATIO (Rs in Lac)

2025 2026 2027 2028 2029 2030 2031 2032

Profit After Tax 11.76 23.86 35.64 41.31 46.88 52.20 57.75 63.30
Depreciation 25.11 21.55 18.51 15.90 13.67 11.76 10.12 8.71
Intt. on T/Loan I 11.24 11.39 9.63 7.86 6.09 4.32 2.56 0.79

Total Cash Accruals 48.11 56.80 63.77 65.07 66.64 68.28 70.43 72.81 511.91

Intt. of T/Loan 11.2417 11.39 9.63 7.86 6.09 4.32 2.56 0.79 53.89

Installment of T/Loan I 0.00 18.60 18.60 18.60 18.60 18.60 18.60 18.40 130.00

Total Debt 11.24 29.99 28.23 26.46 24.69 22.92 21.16 19.19 183.89

Gross DSCR 0.00 1.89 2.26 2.46 2.70 2.98 3.33 3.79

AVERAGE DSCR 2.78

 ANNEXURE XX
PROFIT & LOSS RESERVE A/C (Rs in Lac)

Year Op.Bal. Prof. After Tax Withdrawal Closing Bal.

2025 0.00 11.76 10.00 1.76

2026 1.76 23.86 10.00 15.62

2027 15.62 35.64 15.00 36.27

2028 36.27 41.31 15.00 62.57

2029 62.57 46.88 15.00 94.45

2030 94.45 52.20 15.00 131.65

2031 131.65 57.75 15.00 174.40

2032 174.40 63.30 15.00 222.71

 ANNEXURE XXI
PROJECTED BALANCE SHEET (Rs in Lac)

Particulars 2025 2026 2027 2028 2029 2030 2031 2032

Liabilities

Share Capital 51.36 51.36 51.36 51.36 51.36 51.36 51.36 51.36
Subsidy Res 0.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00
Profit & Loss A/C 1.76 15.62 36.27 62.57 94.45 131.65 174.40 222.71

Share Holders Funds 53.12 96.98 117.63 143.93 175.81 213.01 255.76 304.07
Term Loan 130.00 111.40 92.80 74.20 55.60 37.00 18.40 0.00

Sundry Creditors 0.00 1.00 0.50 0.50 0.50 0.50 0.50 0.50
Exp. Payable 1.00 0.50 0.50 0.50 0.50 0.50 0.50 0.50

Total 184.12 209.88 211.43 219.13 232.41 251.01 275.16 305.07

Assets
Fixed Assets 156.25 134.70 116.20 100.30 86.63 74.87 64.76 56.05
FDR 0.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00
Inventories 18.00 34.00 34.00 34.00 34.00 34.00 34.00 34.00
Sundry Debtors 6.00 9.76 11.04 11.04 11.04 11.04 11.04 11.04

Cash & Bank Bal. 3.87 1.42 20.19 43.80 70.75 101.10 135.37 173.98

Total 184.12 209.89 211.43 219.14 232.42 251.01 275.17 305.07

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00