Mr.

Mandar Madhukar Taur

Address : Near Chaturshrungi Temple, Plot No-56, Shivaji

Housing, Moel Colony, Dist- Pune
 CONTENTS

1. EXECUTIVE SUMMARY
1.1 Project Snapshot - Introduction and Overview
1.2 Entity Details
1.3 Profile of Promoters, Business Owners
1.4 Employment Details
1.5 Cost of Project
1.6 Means of Finance
1.7 Security Details
1.8 Existing Obligations
1.9 Subsidy

2. PROJECT VIABILITY & MARKET STUDIES

2.1 Feasibility Studies
2.2 Industry Analysis
2.3 Market Potential
2.4 Current Scenario
2.5 Challenges and Solutions
2.6 SWOT Analysis

3. PROJECTIONS AND BREED MULTIPLICATION CMA (separate annexure)

1. EXECUTIVE SUMMARY:

1.1 Project Snapshot - Introduction and Overview

Mandar Madhukar Taur is starting off a Breed Multiplication Farm Business.

Business activity would be Cow Farming with Breed Multiplication and location of the farm
is Near Chaturshrungi Temple, Plot No-56, Shivaji Housing, Moel Colony, Dist- Pune, Maharashtra

Pin- 411016

Purpose of Loan – SETUP OF BMF PROJECT.

BREED OF CATTLE & SOURCE OF PROCUREMENT :

100 HF Cow
Holstein Friesian (HF) cows are one of the most popular breeds of dairy cattle worldwide. Here are some
details about HF cow breeding:

1. **Breed Characteristics**: Holstein Friesian cows are known for their high milk production, large size,
and distinctive black-and-white markings. They typically have a docile temperament and adapt well to
various climates.

2. **Breeding Goals**: The primary goal of breeding Holstein Friesian cows is to enhance milk production
while maintaining or improving other desirable traits such as fertility, longevity, and overall health.

3. **Selection of Breeding Stock**: Selecting the right breeding stock is crucial for improving the herd's
genetics. Breeders often use performance records, such as milk production, reproductive efficiency, and
conformation, to identify superior animals for breeding.

4. **Artificial Insemination (AI)**: AI is commonly used in Holstein Friesian breeding programs to

introduce desired genetics into the herd. Semen from elite sires with desirable traits, such as high milk
production or excellent udder conformation, is collected and used to inseminate cows.

5. **Genetic Improvement Programs**: Many breeding associations and organizations have genetic
improvement programs aimed at enhancing the genetic potential of Holstein Friesian cattle. These
programs utilize advanced breeding technologies, such as genomic selection, to accelerate genetic
progress.

6. **Breeding Methods**: Breeders may employ various breeding methods to achieve their goals,
including selective mating, crossbreeding with other dairy breeds to introduce new genetic traits, or line
breeding to intensify desirable traits within the population.

7. **Health and Nutrition**: Proper health management and nutrition are essential for maximizing the
reproductive performance of Holstein Friesian cows. Breeders must provide balanced diets, routine
healthcare, and optimal living conditions to support the health and fertility of their breeding animals.
8. **Reproductive Management**: Effective reproductive management practices, such as heat detection,
timed insemination protocols, and regular fertility evaluations, are critical for achieving high conception
rates and maintaining a productive breeding program.

9. **Continuous Evaluation and Improvement**: Holstein Friesian breeding programs require continuous
evaluation and improvement to adapt to changing market demands and emerging challenges such as
disease resistance and environmental sustainability. Breeders must stay informed about the latest
advancements in genetics, breeding technologies, and management practices to remain competitive in the
dairy industry.

By focusing on these aspects of breeding, dairy farmers can develop and maintain productive Holstein
Friesian herds that meet their production goals and contribute to the sustainability and profitability of
their operations.

100 Gir Cow

The GIR cow, also known as the Gir or Gir-Gujarat, is a highly esteemed breed of cattle famous for its
exceptional milk production capabilities and unique characteristics. Originating from the Gir forest region
in Gujarat, India, these cows have been selectively bred for generations, resulting in a breed known for its
high milk yield and adaptability to various environmental conditions.

GIR cows are medium to large-sized animals, with adults typically weighing between 400 to 600
kilograms. They are known for their distinctive appearance, characterized by a prominent hump over the
shoulders and a sleek, lustrous coat that can vary in color from shades of red to brown.

One of the most remarkable features of GIR cows is their outstanding milk-producing abilities. They are
renowned for producing large quantities of high-quality milk, rich in butterfat content, making it ideal for
various dairy products. Moreover, the GIR cow's milk contains a unique A2 beta-casein protein, which is
considered easier to digest for some individuals.

GIR cows are well-adapted to hot and humid climates, displaying remarkable heat tolerance and disease
resistance. Due to their sturdy nature, they can thrive in challenging environmental conditions, making
them suitable for various regions around the world.
 When looking to acquire a GIR cow, it is advisable to seek reputable breeders in the Gir region or trusted
local sources with a focus on good genetics. This ensures that you procure a cow with desirable traits, such
as high milk yield, adaptability, and disease resistance, well-suited to your specific farming conditions and
requirements. By selecting GIR cows with care, farmers can benefit from their exceptional milk production
capabilities and contribute to the preservation of this valuable and culturally significant breed.

All the HF breed will be purchased from the breeding tract Banglore
and Gir from Rajasthan / Gujarat breeding tract.
 1.2 Entity Details

Entity & Owner Details:

Name of the Entity :
Name of the Promoter(s):
Year of Establishment
Registered under
Business Description
Address of the Entity
Breed Multiplication Farm
Mandar Madhukar Taur
May 2024
Proprietor Company
Animal Breeding Farm
Near Chaturshrungi Temple, Plot No-56, Shivaji Housing,
Moel Colony, Dist- Pune, Maharashtra
Pin- 411016

CIVIL WORKS :

I Construction of cow sheds: 1 shed will be constructed with the capacity to house at least 300
animals. Shed will have all modern facilities. Fan and sprinklers will be fitted to prevent heat distress
during summer months. Roof of the shed will be made from asbestos or other suitable material easily
available in the area. Each animal will be provided with the floor space of 10 sq meter. Floor will be
corrugated to avoid slipping. Adequate manger and water trough with access to drink water all
time will be provided in all the sheds. Total cost of construction of sheds will be around Rs 75 lakh.
Modern cattle shed will be constructed having double row of cattle with head - to- head arrangement.
Whole campus will be covered by dense tree plantation.
II Construction of calf pen: A shed with individual pens will be constructed to house calves born
in the BMF. Each pen will have adequate water troughs and feeding space for the calves. Each calf
will be provided with floor space of 3 sq meter. Total cost of construction of calf shed will be
around Rs 10 lakh

III Isolation shed: Sick animals are required to be removed from the herd for the safety of the
animals. At one corner of BMF isolation shed will be constructed with pens to house sick animals
for separating ailing or sick animals for treatment. Facility will be created to house at least 10
animals.

IV Calving pen: Advance pregnant animals will be housed separately, Calving pen required for
animals nearer to completion of gestation. Establishment of feed store room: A store with the
capacity to store 10 metric tons of feed and fodder will be established at BMF.

TRACTOR AND AGRICULTURE IMPLEMENTS

For fodder production and other associated activities at the Cattle Sanctuary, two tractors with
agriculture implements will be required. For this an amount of Rs 14 lakh has been considered as
capital investment.
Feed and Fodder arrangement:
Fodder crops will be grown at the farm including MP chari, Beseem, Lucerne, Maize, Oat, Barley,
Jowar, etc. In addition, dry fodder mainly Jowar/Bajra straw will be purchased from the farmers
to meet requirement of the animals housed in the farm. Provision will be made at the farm for
making silage from maize and other suitable green fodder crops grown at the farm. Cattle feed
ingredients will be procured from our cattle feed factories. Additional requirement of silage will
be purchased from the known sources as per the union policy. Balanced ration will be fed to
animals.
Water Arrangement for Animals
Tube well and electricity facility is already available at the farm. Water is of potable quality and
sufficient water is available for drinking, cleaning of animals and cleaning of sheds and other
utensils.

Veterinary aid:
Trevis has to be constructed at the farm for treatment and conducting artificial insemination. Help
of nearby union veterinarian will be taken for treatment of sick animals and also for artificial
insemination.
1.3 Profile of Promoters, Business Owners

The driving force behind every business is increased sales and high profits. Businessmen should
be confident about the product they are selling as well as their own ability to successfully, gain the
trust, arouse an interest and eventually convince them to try a new product. The Business owners
are having all such qualities inherently and were able to develop the same during the business course
of their other respective businesses. Convincing a prospective customer to buy a product is not an easy
task. Selling is an art and requires patience; applicant is skillful in such task & it can be considered
as a plus point for an entity.
1.4 Employme nt Details

One should insist to increase the employment levels of the country. In the light of this, entrepreneurs
and business owners help the economy by generating employment in urban and rural areas.
In coming years and decades, India is expected to witness significant demographic growth and
expansion in the working age population. To absorb such labor force in the future, all the sectors viz.
manufacturing, service, trading and agriculture would need to play an important role. Currently
manufacturing sector accounts for approximately 11% to 13% of the total employment in the country,
which is well below its true potential. Small and medium enterprises (SMEs) and micro small and
medium enterprises (MSMEs) account for 90%+ of the total industrial activity in India.
Estimates suggests, the SME and MSME sector offers maximum opportunities for self- employment
as well as jobs, after the agricultural sector. Also, the labor-capital ratio tends to be higher for SMEs
and MSMEs. Breed Multiplication Farm will help the economy by way of employment generation, as
it is going to generate employment to 14+ people.

Total number of employees : 14+

1.5 Cost of Project

Estimating the cost of a project varies based on the industry, the type and scope of the project
undertaken and the time frame for completing the project. While the variables of any given project
may change according to circumstances, there are 3 main elements of project costing found in
most all project cost estimations.

Pre-Planning - Costs related to pre-project planning and preparation vary widely from industry
to industry. Typical pre-planning costs include selecting potential project managers and
employees, conducting market and project research.

Material Costs - All materials necessary for a project are included in material costs. Materials are
anything the project manager purchases to aid in or conduct the project.

Operating Costs - The operating costs of a project include the fees associated with purchasing project
supplies, paying rent and associated costs on a facility or location for the project to take place, the
cost of permitting, inspections and daily operations.

Such costs can further be divided into 2 types viz. capital expenditure and revenue expenditure.
For manufacturing industry, setting up the plant, installation of machinery, building/factory set
up costs are the major costs.

Capital Investment

Sr. No. Particulars Amount Rs.

1 Purchase Of Animals 2,40,00,000.00
2 Animal Shed 77,00,000.00
3 Office , Storage and Staff Area details 61,87,500.00
4 Machinary and Tools 34,30,000.00

*** Total Capital Investment 4,13,17,500.00

1.6 Means of Finance

Sr. No. Particulars Amount Rs.

1 Bank Loan 1,71,17,500.00
2 NDDB Subsidy 2,00,00,000.00
3 Own Contribution 42,00,000.00

*** Total 4,13,17,500.00

1.7 Security Details :

Type of Security (e.g Flat, Plot, Industrial Land, etc.) Value of the security offered (in rupees)
NOT APPLICABLE Rs. 0.00

1.8 Existing Obligations

The business owners are not having any heavy existing obligations, although, we have provided the
documents such as Sanction letters and Bank statements of existing loans (if any), in order to assess
the existing banking commitments.

1.9 Subsidy

Government subsidies are monetary grants provided by the government to private institutions or
other public entities, in order to stimulate economic activity or promote activities that are in the public
good. Subsidies encourage companies to undertake economic activities and business ventures that
the government sees as in the public's best interest. Like indirect taxes, they can alter relative prices
and budget constraints and thereby affect decisions concerning production, consumption and
allocation of resources.
There are 2 main types of subsidies : Direct subsidies and Indirect subsidies. Direct subsidies are those
that involve an actual payment of funds toward a particular individual, group or industry. Indirect
subsidies are those that do not hold a predetermined monetary value or involve actual cash outlays.
They can include activities such as price reductions for required goods or services that can be
government-supported. Other than that, there are various types of Subsidies viz. Cash subsidies,
tax concessions, Government purchases policies, etc.
Breed Multiplication Farm is a business in Manufacturing sector and is eligible for specified subsidies
by the Government.
2. PROJECT VIABILITY & MARKET STUDIES

2.1 Feasibility Studies

A feasibility analysis evaluates the project’s potential for success; therefore, perceived objectivity
is an essential factor in the credibility of the study for potential investors and lending institutions.
One of the prerequisites for a successful business or unit is to have the technically feasible business
model. A technical feasibility evaluates the details of how you propose to deliver a product or service
to customers. Think materials, labour, transportation, where your business will be located, and the
technology that will be necessary to bring all this together.

There are five types of feasibility studies—separate areas that a feasibility study examines. Some major
points out of them as explained below.

Technical Feasibility: This assessment focuses on the technical resources available to the organization.
It helps organizations determine whether the technical resources meet capacity and whether the
technical team is capable of converting the ideas into working systems. Technical feasibility also
involves the evaluation of the hardware, software, and other technical requirements of the
proposed system.

Economic Feasibility: This assessment typically involves a cost/ benefits analysis of the project, helping
organizations determine the viability, cost, and benefits associated with a project before financial
resources are allocated. It also serves as an independent project assessment and enhances project
credibility—helping decision-makers determine the positive economic benefits to the organization
that the proposed project will provide.

Operational Feasibility: This assessment involves undertaking a study to analyse and determine
whether—and how well—the organization’s needs can be met by completing the project. Operational
feasibility studies also examine how a project plan satisfies the requirements identified in the
requirements analysis phase of system development.

Carrying on aforementioned feasibility studies is an essential part of pre-planning activities. As

manufacturing is the process of converting raw materials and/or parts into finished goods that can
be sold in wholesale or retail markets or exported for sale in other countries. It covers a wide range of
industries, from food and beverages to pharmaceuticals, iron and steel to textiles, as well as lumber,
tobacco, automobiles, aerospace, and petrochemicals.

After considering most of the aforementioned factors and points, a detailed feasibility study viz.
Technical, economical and operational – have been carried out by the promoters / owners of the entity,
and based on their personal due diligence and in-depth knowledge of the market, the project
/company and its business operations are feasible in all the possible ways.

A detailed financial feasibility study has also been carried out based on the current demand – supply
analysis and data & assumption-based projections ; which has been separately presented in the
FINANCIAL FEASIBILITY section in (3) Financial Data & Ratios. ‘Sensitivity analysis’ and
‘assessed bank finance’ studies will help in ascertaining the financial viability of the project.
Cow farming with breed multiplication is certainly feasible, and it is a common practice in many parts
of the world. Breed multiplication involves selecting the best cows and bulls from a particular breed
and breeding them together to produce offspring with desirable traits such as higher milk yield,
better disease resistance, or faster growth rates.

To start a cow farming business with breed multiplication, will need to first select the breed of cows
want to work with. There are many breeds of cows to choose from, each with its own characteristics
and advantages. Some popular breeds for dairy farming include Holstein, Jersey, and Brown Swiss,
while breeds like Angus and Hereford are commonly used for beef production.

Once have selected a breed, will need to find a reputable breeder and purchase a small number of
cows to start herding. It is important to choose high-quality animals with desirable traits for breeding,
such as high milk production, good temperament, and good health.

Below are some key benefits of conducting a feasibility study:

- Improves project teams' focus
- Identifies new opportunities
- Provides valuable information for a "go/no-go" decision
- Narrows the business alternatives
- Identifies a valid reason to undertake the project
- Enhances the success rate by evaluating multiple parameters
- Aids decision-making on the project
- Identifies reasons not to proceed

Apart from the approaches to feasibility study listed above, some projects also require other
constraints to be analysed -
- Internal Project Constraints: Technical, Technology, Budget, Resource, etc.
- Internal Corporate Constraints: Financial, Marketing, Export, etc.
- External Constraints: Logistics, Environment, Laws, and Regulations, etc.
After considering most of the aforementioned factors and points, a detailed feasibility study viz.
Technical, economical and operational - have been carried out by the promoters / owners of the entity,
and based on their personal due diligence and in-depth knowledge of the market, the project
/company and its business operations are feasible in all the possible ways.

A detailed financial feasibility study has also been carried out based on the current demand - supply
analysis and data & assumption-based projections ; which has been separately presented in the
FINANCIAL FEASIBILITY section in (3) Financial Data & Ratios. 'Sensitivity analysis' and 'assessed bank
finance' studies will help in ascertaining the financial viability of the project.
2.2 Industry Analysis

Cow farming with breed multiplication is a process where farmers raise cattle to produce dairy
products, meat, and other by-products while also selectively breeding certain breeds to enhance their
desirable traits. This industry is an essential part of the agriculture sector and plays a significant role
in providing food to the population.

In cow farming, farmers must select the right breed of cows based on their requirements and the market
demand. For instance, some breeds are better suited for dairy production, while others are more
suitable for meat production. Farmers can also selectively breed their cows to enhance desirable traits
such as milk production, growth rate, and resistance to diseases.

Multiplying the breed of cows involves selecting the best cows from a particular breed and breeding
them to produce offspring with the desired traits. This process allows farmers to maintain a high
standard of quality in their products and can lead to higher profits.

In addition to the traditional methods of cow farming, modern techniques such as artificial
insemination, embryo transfer, and genetic testing are becoming increasingly popular in the
industry. These techniques allow farmers to improve the quality of their cattle and increase their
profitability.

Cow farming with breed multiplication in India has gained significant importance in recent years,
as it provides several benefits to farmers. Breed multiplication involves crossbreeding of different
breeds of cows to create new hybrid breeds that exhibit improved characteristics such as higher
milk yield, disease resistance, and better adaptability to local climatic conditions.

In India, cow farming is a major agricultural activity, and the country has the world's largest cattle
population. However, the productivity of Indian cows is comparatively low, and this is where breed
multiplication plays a vital role. By crossbreeding different breeds of cows, farmers can improve the
productivity of their herd and earn more profits. Some of the most commonly used breeds for
crossbreeding in India are Holstein Friesian, Jersey, and Sahiwal. Holstein Friesian cows are known
for their high milk yield, while Jersey cows produce milk with high fat content. Sahiwal cows are known
for their hardiness and disease resistance.
2.3 Market Potential

The market for cow farming with breed multiplication can vary depending on the location and
the demand for dairy or meat products. In general, there is a growing global demand for animal
products, particularly in developing countries where the middle class is expanding and adopting
more Westernized diets.

One way to approach this market is to focus on breeding cows that are adapted to the local climate
and conditions. For example, in areas with high temperatures and low rainfall, farmers could breed
cows that are heat-tolerant and require less water.

Another approach is to breed cows for specific traits that are in high demand in the market. For
example, if there is a high demand for milk, a farmer could focus on breeding cows with high milk
production. Similarly, if there is a high demand for beef, a farmer could focus on breeding cows
withhigh meat quality.

It is also important for farmers to consider the cost of production and the potential profitability of their
business. This can involve careful management of resources, such as feed and water, and identifying
markets where they can sell their products at a premium price.

Overall, cow farming with breed multiplication can be a profitable business for farmers who are able
to effectively manage their resources and identify market opportunities.
2.4 Current Scenario

• The global market size for cattle breeding was valued at USD 58.5 billion in 2020 and is expected
to reach USD 69.3 billion by 2026, growing at a CAGR of 2.8% during the forecast period
(2021-2026).

• The global beef cattle population was estimated at 1.4 billion in 2022.

• The global dairy cow population was estimated at 270 million in 2022.

• According to the Food and Agriculture Organization of the United Nations (FAO), the
top 5 countries with the largest beef cattle populations in 2020 were Brazil (217 million),
China (94.4 million), India (30.9 million), the United States (94.4 million), and Argentina (51.3 million).

• The global market for artificial insemination in cattle breeding was valued at USD 1.4 billion
in 2019 and is projected to reach USD 2.4 billion by 2027, growing at a CAGR of 6.9% during the
forecast period (2020-2027).

• The global market for animal genetics was valued at USD 5.3 billion in 2020 and is expected
to reach USD 7.7 billion by 2026, growing at a CAGR of 6.3% during the forecast period (2021- 2026).

• Breed multiplication can be a profitable venture for farmers who can sell the crossbred cows for
a higher price in the market. However, it requires careful planning and management to ensure
the quality of the offspring and the sustainability of the breeding program.
2.5 Challenges & Solutions

Genetic quality:

The quality of the breeding stock is crucial to the success of a breeding program. Farmers need to ensure
that they use high-quality animals with desirable genetic traits. One solution to this challenge is to
work with reputable breeders who specialize in producing high-quality breeding stock.

Health management:

Crossbred cows may be more susceptible to diseases than purebred animals, so farmers need to
implement effective health management practices. This includes regular vaccination, deworming,
and monitoring for signs of illness. Working with a veterinarian can help farmers develop a
comprehensive health management plan.

Marketing:

Finding a market for crossbred cows can be a challenge, as the demand for these animals may vary
depending on location and market conditions. Farmers should research potential markets and
develop a marketing strategy that targets buyers who value the characteristics of their crossbred
cows.

Cost management:

Crossbreeding can be expensive, and farmers need to carefully manage their costs to ensure
profitability. This includes monitoring expenses related to breeding, feed, labor, and health
management. Farmers should also explore opportunities to increase revenue, such as by selling cow
manure as fertilizer or diversifying into other agricultural activities.

Environmental management:

Cattle farming can have a significant environmental impact, and farmers need to implement practices
that minimize negative impacts. This includes managing manure and other waste products,
preventing soil erosion, and implementing sustainable grazing practices.
2.6 SWOT Analysis

A SWOT analysis is an incredibly simple, yet powerful tool to help you develop your business strategy,
whether you’re building a start-up or guiding an existing company.

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.

SWOT Analysis is a strategic planning method used to evaluate strengths, weaknesses, opportunities,
and threats, in a business project or a manufacturing business. These four factors are called SWOT
(strengths, weaknesses, opportunities, and threats). This process involves the specific determination
and objectives of a manufacturing or business project that identifies internal and external factors.

SWOT analysis can be applied by analyzing and observing the things that affect the four factors,
then apply them in the picture in the SWOT matrix, apply the strengths map to take advantage of the
opportunities, how to overcome the weaknesses that prevent the advantages of opportunities are able
to deal with the threats that exist, and the last is how to overcome the weaknesses that can make
threats become real or create a new threat. Determining the direction of development of a business
is strongly influenced by many factors, namely internal and external factors.

One may think that they already know everything that they need to do, to succeed, but a SWOT analysis
will force them to look at the business in new ways and from new directions.

Strengths

• Good product prototype and innovation

• Overall, manufacturing industry is relatively stable.

• Focus on value creation with leadership in product development leadership and high quality
output

• Strong Research & Development Capabilities

• High level of Specialization

Weakness

• Employee skills need to be upgraded.

• Air pollution directly to the community.

• Lots of levies, unerring costs.

• Lack of finance

Opportunities

• Lot of scope for innovative products every now and then.

• Trends in increasing customer purchasing power.

• Opportunities in the manufacturing industry are in the technology and bio-technology

areas.These are growing market segments with higher profit margins.
• New market opportunities and consolidation of the industry through Merger &
Acquisition
activities

Threats

• Regulation of government, regulations on tight industrial business

• Increasing freight transportation costs

• Competition from other manufacturing / process units

• Unnecessary changes in Government policies

• Geographical disadvantages
 PROJECT AT GLANCE
SR. NO. PARTICULARS DETAILS
1 NAME OF THE PROJECT Breed Multiplication farm
2 NAME OF THE BENEFICIARY Mandar Madhukar Taur

ADDRESS OF OWNER AND CONTACT Near Chaturshrungi Temple, Plot No-56, Shivaji
3
DETAILS Housing, Moel Colony, Dist- Pune

4 UNIT SIZE 200

VILLAGE Pune
5 LOCATION OF PROJECT TALUKA Pune
DISTRICT Pune
Individual Scheme to be Implemented on
6 STATUS OF THE UNIT
Commercial Scale

Sufficient Land Available with Beneficiary for

7 AVAILABILITY OF LAND Creation of Project & Production of Green & Dry
Fodder for Proposed Unit

8 CLIMATIC CONDITION Suitable For Doing Project

9 AVAILABILITY OF WATER Available at the site of Project

10 AVAILABILITY OF VETERINARY AID Veterinary Doctors are available easily in the area

11 TECHNICAL FEASIBILITY OF THE PROJECT Yes

12 FINANCIAL VIABILITY OF THE PROJECT Yes
13 TOTAL CAPITAL COST OF PROJECT Rs. 41,317,500
14 OWNERS CAPITAL Rs. 4,200,000
15 NDDB Subsidy 20,000,000

16 FINANCIAL ASSISTANCE FROM BANK 17,117,500

17 REPAYMENT PERIOD IN YEAR 5
18 RATE OF INTEREST 12
A. Overview :
Sr.
No. Particulars Details
1 Name of the Proprietor Mandar Madhukar Taur
Pune
2 Address of Projected Farm Pune
Pune

3 Unit size 200

4 Project Cost (Rs.) 41,317,500

5 Bank Loan (Rs.) 17,117,500

6 Margin Money (Rs.) 4,200,000

7 Repayment period (years) 5

8 Loan rate of interest (%) 12.00

B. Techno-Economic Parameters :
Sr.
No.
Particulars Details
1 Cost of each Adult Animal(Rs.) with Transporatation 120,000
2 Average daily milk yield of each HF Cow (lit) 20.00
3 Average daily milk yield of Gir (lit) 13.00
4 Sale price of HF Cow milk (Rs./lit) in our outlet 40.00
5 Sale price of Gir milk (Rs./lit) in our outlet 60.00
6 Average Production of Each HF Cow per Lactation 4500
7 Average Production of Each Gir per Lactation 1600
8 Covered area required for each animal under loose housing 100.00
9 Inter Calving Period of Cow is considered in days. 365.00
10 Inter Calving Period of Gir is considered in days. 420.00
11 Cost of construction of Calf & Heifer shed (Rs/sq.ft.) 150.00
12 Cost of production/purchase of green fodder (Rs/kg) 3.00
13 Cost of production/purchase of dry fodder (Rs/kg) 7.00
14 Cost of concentrate feed (Rs/kg) 25.00

15 Cost of Insemination IVF / ET per animal per year (Rs.) 25000.00

16 Cost of Insemination per animal per year (Rs.) 3000.00

17 Cost of Verenity Aid per animal per year (Rs.) 1000.00

18 Cost of electricity and water per animal per year (Rs.) 500.00
19 Rate of livestock insurance premium (%) 5.00
20 Annual wages of each farm labourer (Rs.) 90,000
21 Sale price of empty livestock feed gunny bags (Rs.) 15.00

22 Rate of Sale of Manure per tonn (Rs.) 2500.00

 C. Herd Projection :

Sr.No. Particulars Year 1 Year 2 Year 3 Year 4 Year 5

1 Newly Purchased
a. New Buy Cow / Opening Bal 100.00 200 200 200 200
b. New Buy Buff / Opening Bal 100.00 0 0.00 0 0
c. Add Heifer Calved 0.00 0 0 0 0
d. Less Cattle Sold 0.00 0 0 0 0
Closing Balance 200 200 200 200 200

2 Calves Below 1 Year Year 1 Year 2 Year 3 Year 4 Year 5

a. New or Opening Balance 0 0 0 0 0
Add Calves Born (Sahiwal)
b. 0.00 34 34 34 34
Through ET
Female 0.00 30 30 30 30
Male 0.00 4 4 4 4
Add Calves Born (HF)
c. 0.00 34 34 34 34
Through SSS
Female 0.00 30 30 30 30
Male 0.00 4 4 4 4

Add Calves Born (Sahiwal)

d. 0.00 65 65 65 65
Through SSS
Female 0.00 60 60 60 60
Male 0.00 5 5 5 5
Closing Balance 0 133 133 133 133
Female 0 120 120 120 120
Male 0 13 13 13 13
Less : Calf Died 0 13 13 13 13
Closing Balance 0 120 120 120 120
Female 0 110 110 110 110
Male 0 10 10 10 10

3 Heifers 1 to 2 Years Year 1 Year 2 Year 3 Year 4 Year 5

a. Opening Balance 0.00 0 110 110 110
Female 0.00 0 110 110 110
Male 0.00 0 10 10 10
Closing Balance 0.00 0 110 110 110

4 Pregnant Heifers Year 1 Year 2 Year 3 Year 4 Year 5

a. Opening Balance Female 0.00 0 0 110 110
b. Less Heifer Died 0.00 0 0 0 0
c. Replaced in Herd 0.00 0 0 20 20
d. Pregnanat Heifer Sold 0.00 0 0 90 90
Closing Balance 0 0 0 0 0.00

5 Total Herd Strength 200 320 430 430 430

E. Production Details :
Sr. Units /
Particulars Year 1 Year 2 Year 3 Year 4 Year 5
No. Head

1 Average No of Days in Milk HF 300.00 300.00 300.00 300.00 300.00

Average No of Days in Milk Sahiwal 280.00 280.00 280.00 280.00 280.00
2 Average No of Days in Dry In HF 65.00 65.00 65.00 65.00 65.00
Average No of Days in Dry in Sahiwal 150.00 150.00 150.00 150.00 150.00
3 No of Milched animal in a Year 160 160 160 160 160
4 Total Days In Milk 48000.00 48000.00 48000.00 48000.00 48000.00
5 Average Total milk in Liters 15.00 720,000 720,000 720,000 720,000 720,000

6 No of Cattle in a year 200 200 200 200 200

7 No of Female Calf Born 0 110 110 110 110
8 No of Heifers 0 0 110 110 110
9 Total Cattle (6 + 7) 200 310 420 420 420
10 Total Manure in Kg 10.00 2000 2443 2995 2995 2995
11 Total Manure in Kg in Year 730000 891817 1093297 1093297 1093297
12 Total Manure in Tonne in Year 730 892 1093 1093 1093
13 Total Gunea bags 15.00 3000 3665 4493 4493 4493
 F. Requirement Feed and Fodder in Tonn

Year 1 Year 2 Year 3 Year 4 Year 5

Sr.
No. Particulars Fodder Feed Fodder Feed Fodder Feed Fodder Feed Fodder Feed
Green Dry Conc. Green Dry Conc. Green Dry Conc. Green Dry Conc. Green Dry Conc.
1 Milk Cattle Fodder & Feed per day 30 6 6 30 6 6 30 6 6 30 6 6 30 6 6
2 Dry Cattle Fodder & Feed per day 20 5 2 20 5 2 20 5 2 20 5 2 20 5 2
3 In Milk Animals 1350 324 270 1000 240 200 1000 240 200 1025 246 205 1025 246 205
4 Dry Animals 480 168 48 480 168 48 480 168 48 480 168 48 480 168 48

5 Pregnant Heifers(2-3 Year) 0 0 0 0 0 0 0 0 0 602 120 80 1004 120 80

6 Heifers Between 1 - 2 Year 0 0 0 0 0 0 403 81 60 604 81 81 604 81 81

7 Heifers Less Than 1 Year MT 0 0 0 243 49 49 243 49 49 243 49 49 243 49 49

8 Total Requirement 1830 492 318 1723 457 297 2126 537 357 2954 664 462 3356 664 462
 G. Cost Requirement for Feed and Fodder in Rs.

Sr. No. Requirement Year 1 Year 2 Year 3 Year 4 Year 5

1 Total Green 5,490,000 5,168,175 6,377,055 8,863,245 10,067,745
2 Total Dry 3,444,000 3,195,815 3,759,959 4,645,109 4,645,109
3 Total Conc. 7,950,000 7,413,625 8,924,725 11,560,925 11,560,925
4 Total Min. & Vit. Mix 73,000 89,182 109,330 114,796 120,536

*** Total Amount Rs. 16,957,000 15,866,797 19,171,069 25,184,075 26,394,315

 H. Veterinary And Insurance Details:

Sr. No. Particulars Unit Year 1 Year 2 Year 3 Year 4 Year 5

1 Cost of Insemination IVF / ET per animal per year (Rs.) 25000 800000 800,000 896,000 896,000 896,000

2 Cost of Insemination per animal per year (Rs.) 3000 480000 480,000 720,000 720,000 720,000

3 Cost of Verenity Aid per animal per year (Rs.) 1000 200000 200,000 200,000 200,000 200,000

4 Rate of Livestock Insurance Premium @ 5% 6000 1200000 1,200,000 1,200,000 1,200,000 1,200,000

** Total Veterinary & Insurance cost 35000 2680000 2680000 3016000 3016000 3016000
 I. Cost Requirement for Manpower and Labour in Rs.
Annexure-II
Unit cost
Physical Targets Financial Targets (Rs lakh)
S. (Rs)
Particulars Unit
No 1st 2nd 3rd 4th 5th Per 1st 2nd 3rd
month
4th Year 5th Year Total
Year Year Year Year Year Year Year Year
Fixed Cost-B
1 Manager No 1 40000 4.80 5.04 5.29 5.56 5.83 27
Vet.
2 No 1 40000 4.80 5.04 5.29 5.56 5.83 27
Assistant
Cattle
3 handlers / No 10 - 15000 18.00 18.90 19.85 20.84 21.88 99
workers
4 Chowkidar No 2 15000 3.60 3.78 3.97 4.17 4.38 20
Total 14 0 31.20 32.76 34.40 36.12 37.92 172.40
Note : Manpower /labour cost per year 5% to 10 % will increase
 J. Office, Storage & Staff Area Details :
PhysicalU Rate/
Sr. No. Particulars SqFt
nit
Total SqFt
SqFt
Total Amount Rquirement Rs.

1 Office Area Required 500 1 750 1250 937,500.00

4 Labour Quarter 500 3 1500 1000 1,500,000.00
2 Silage Bunker & Dry Fodder Storage Area 1000 2 2000 750 1,500,000.00
Tools & Machines Storage Area Required for Agri
3 1500 1 1500 500 750,000.00
Implements
4 Concentrates Feed Storage Godown 2000 1 2000 750 1,500,000.00
*** Total Amount Required Rs. 6,187,500.00

K. Animals Shed Details :

Sepcificatio PhysicalU
Sr. No. Particulars n nit
Total SqFt
Unit Cost
Rs.
Total Amount Rquirement Rs.
Construction of Cattle sheds 10 sq meter per cattle (
1 sheds to house 200 cattle & its followers)
Per Animal 200 125 250 6,250,000.00

2 Calf pens (3 sq meter /calf) Per Animal 200 20 300 1,200,000.00

3 Calving pens Per Animal 10 100 250 250,000.00

*** Total Amount Required Rs. 7,700,000.00
 L. Machinery & Tools :

Sr. No. Particulars Amount Rs.

1 Milking Parlour Equipment 8 X 2 Cluster Can Rs. 650,000.00
2 One Tractor Rs. 650,000.00
3 One Trailor/Trolly/Attachements Rs. 150,000.00
4 1 TMR with Loader for Tractor Rs. 450,000.00
5 1 Green Fodder Chaff Cutter with Motor (10HP) Rs. 235,000.00
6 Agri Implements Culti.,Seed Drill, Forage Harvester and Other 450,000.00
7 Mist Cooling System Rs. 30,000.00
8 Semen Container with Accessories Rs. 45,000.00
9 Dairy Equipments(BMC,Deep Freezer etc) 500,000.00
9 Milk Cans 40 Ltr 40 Nos Rs. 80,000.00
10 Generator 7.5 KVA Rs. 90,000.00
11 Borewell With Motor Rs. 100,000.00

*** Total Machinary and Tools Investment 3,430,000.00

 M. Capital Investment

Sr. No. Particulars Amount Rs.

1 Purchase Of Animals 24,000,000.00
2 Animal Shed 7,700,000.00
3 Office , Storage and Staff Area details 6,187,500.00
4 Machinary and Tools 3,430,000.00

*** Total Capital Investment 41,317,500.00

Means of Finance
Sr. No. Particulars Amount Rs.
1 Bank Loan 17,117,500.00
2 NDDB Subsidy 20,000,000.00
3 Own Contribution 4,200,000.00

*** Total 41,317,500.00

 Annexure-I

N. CASH FLOW Recurring and Fixed Costs

Sr.
Particuars Year 1 Year 2 Year 3 Year 4 Year 5
No
COSTS
A. Capital Cost 41,317,500 0.00 0.00 0.00 0.00
B. Recurring Costs
Total Variable Cost A
Feeding During Milking
16,957,000 15,866,797 19,171,069 25,184,075 26,394,315
Period
Veterinary Aid 800,000 800,000 896,000 896,000 896,000
Cost of electricity and water 100,000 122,167 149,767 149,767 149,767
Insurance 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000
Total Fixed Cost B
Labour wages and
3,120,000 3,276,000 3,439,800 3,611,790 3,792,380
Administartive Cost
*** Total (A + B ) 22,177,000 21,264,963 24,856,635 31,041,632 32,432,461

Annexure-II

O. CASH FLOW ANALYSIS :

Sr.
No. Particuars Year 1 Year 2 Year 3 Year 4 Year 5

## BENEFITS/INCOME

1 Sale of Milk 28,800,000 28,800,000 28,800,000 28,800,000 28,800,000

2 Sale of Gunny Bags 45,000 54,975 67,395 67,395 67,395

3 Sale of Manure 5,000,000 6,108,333 7,488,333 7,488,333 7,488,333

4 Sale of Old Cattle and Heifers - - - 6,600,000 6,600,000

5 Depriciated Value of Building - - - - 10,415,625

Recovery From Dead Animal

6 - - - - -
through Insurance
Depriciated Value of Macinery &
7 - - - - 1,715,000
Equipments

*** Total 33,845,000 34,963,308 36,355,728 42,955,728 55,086,353

 Annexure-III

P. Repayment Schedule :
Sr.
Particuars Year 1 Year 2 Year 3 Year 4 Year 5
No.
1 Income 33,845,000 34,963,308 36,355,728 42,955,728 55,086,353
2 Expenses 22,177,000 21,264,963 24,856,635 31,041,632 32,432,461
3 Gross Surplus 11,668,000 13,698,345 11,499,093 11,914,097 22,653,892
4 Loan Instalments( Rs.) 4,569,232 4,569,232 4,569,232 4,569,232 4,569,232
Interest Rate @
5 12.00 1,911,051 1,573,927 1,194,048 765,990 283,644
/Annum
6 Loan Instalments + Interest 6,480,283 6,143,159 5,763,280 5,335,222 4,852,876
Profit After Deducting
7 9,756,949 12,124,418 10,305,045 11,148,107 22,370,249
Interest
8 Monthly Net Profit 813,079 1,010,368 858,754 929,009 1,864,187
PROJECTED OPERATING STATEMENT

Projected
Particulars
Year I Year II Year III Year IV Year V
GROSS INCOME
Sale of Milk 288.00 288.00 288.00 288.00 288.00
Sale of Gunny Bags 0.45 0.55 0.67 0.67 0.67
Sale of Manure 50.00 61.08 74.88 74.88 74.88
Sale of Old Cattle and Heifers - - - 66.00 66.00
Insurance Receipts - - - - -

SUB TOTAL 338.45 349.63 363.56 429.56 429.56

PRIME COSTS
Feeding During Milking Period 169.57 142.80 182.13 239.25 250.75
Veterinary Aid 8.00 8.00 8.96 8.96 8.96
Electricity and water 1.00 1.22 1.50 1.50 1.50
Insurance 12.00 12.00 12.00 12.00 12.00
Labour wages and Administartive Cost 31.20 32.76 34.40 36.12 37.92
SUB TOTAL 221.77 196.78 238.98 297.82 311.13
Gross Profit % 34.47% 43.72% 34.27% 30.67% 27.57%

OTHER COSTS & OVERHEADS 37.23 62.93 36.36 42.96 21.48

OPERATING PROFIT 79.45 89.92 88.22 88.78 96.95
Non Operating Income - - - - -

Interest and Financial Charges

Cash Credit - - - - -
Term Loan 19.11 15.74 11.94 7.66 2.84
Depreciation 19.03 16.87 14.97 13.28 11.80
NET PROFIT BEFORE TAX 41.31 57.31 61.31 67.83 82.32
% 14.34% 19.90% 21.29% 23.55% 28.58%

Provision for Income Tax 7.23 10.03 10.73 11.87 14.41

PROFIT AFTER TAX (PAT) 34.08 47.28 50.58 55.96 67.91

PROJECTED BALANCE SHEET
Projected
Particulars
Year I Year II Year III Year IV Year V
I LIABILITIES
A DEBT LIABILITIES
Secured Loans 144.59 114.64 80.89 42.86 0.00
Existing Loans (if any) - - - - -

Total Secured Loans 144.59 114.64 80.89 42.86 0.00

Unsecured Loans - - - - -
Total Unsecured Loans - - - - -
A. Total Outside Liabilities 144.59 114.64 80.89 42.86 0.00

B CURRENT LIABILITES
Cash Credit / OD / DLOD - - - - -
Sundry Creditors 6.97 5.87 7.48 9.83 10.30
Provisions 0.84 0.70 0.90 1.18 1.24
Advance Payment from Customer/s - - - - -
Creditors for Capital Goods - - - - -
Other Current Liabilities - - - - -

B. Total Current Liabilities 7.80 6.57 8.38 11.01 11.54

TOTAL OUTSIDE LIABILITIES(A+B) 152.40 121.21 89.27 53.87 11.54
NET WORTH
Capital Balance
Opening Balace / Share Capital (incl. Reserves) - 276.08 311.36 348.74 390.18
Own Contribution for Business 42.00 - - - -
Surplus (+) or deficit (-) in P&L Account 34.08 47.28 50.58 55.96 67.91
Drawings - (12.00) (13.20) (14.52) (15.97)
SUBSIDY FROM GOVERNMENT 200.00 - - - -

SUB TOTAL 276.08 311.36 348.74 390.18 442.12

TOTAL LIABILITIES 428.48 432.57 438.01 444.05 453.66
PROJECTED BALANCE SHEET
Projected
Particulars
Year I Year II Year III Year IV Year V

II ASSETS
CURRENT ASSETS - - - - -
Cash & Bank 4.21 3.29 6.41 2.10 9.61
Sundry Debtors & Receivables 4.00 11.84 11.84 11.84 11.84
Advances to Staff or Creditors 3.00 3.15 3.81 4.61 5.58
Deposits 3.00 3.30 3.96 4.75 5.70
Security Deposit & TDS, Taxes - - - - -
Investments for Fodder 5.00 5.50 6.60 7.92 9.50
Other Current Assets 1.00 1.10 1.21 2.06 3.09

SUB TOTAL 20.21 28.17 33.83 33.28 45.32

INVESTMENTS 12.00 25.00 39.75 59.63 69.00

OTHER NON-CURRENT ASSETS - - - - -

FIXED ASSETS
GROSS BLOCK (Asset breakup below) 415.30 396.27 379.40 364.43 351.15
Purchase of Animals 240.00 240.00 240.00 240.00 240.00
Animal Shed 77.00 69.30 62.37 56.13 50.52
Office, Storage and Staff Area details 61.88 55.69 50.12 45.11 40.60
Machinary and Tools 34.30 29.16 24.78 21.06 17.90
Less : Depreciation 19.03 16.87 14.97 13.28 11.80
NET BLOCK 396.27 379.40 364.43 351.15 339.35
TOTAL ASSETS 428.48 432.57 438.01 444.05 453.66
SUMMARY OF LOAN REPAYMENT SCHDULE

Interest Rate 12.00% p.a

Particulars - Year I Year II Year III Year IV Year V Year IV

Principal At the begining of the year - - 144.59 114.64 80.89 42.86 0.00
Add :- Disbursement - 171.18 - - - - -
Add :- Interest - 19.11 15.74 11.94 7.66 2.84 0.00
Less :- Repayment During the year - 45.69 45.69 45.69 45.69 45.69 -
Principal at the end of the year - 144.59 114.64 80.89 42.86 0.00 0.00

Principal Amount - 26.58 29.95 33.75 38.03 42.86 (0.00)

Detailed working of Term Loan from Bank -

Month Opening Disburse- Monthly Monthly Closing

Balance ment Interest Installement Balance
REPAYMENT

FY2024 - Month 1 - 171.18 1.71 3.81 169.08

Month 2 169.08 - 1.69 3.81 166.96
Month 3 166.96 - 1.67 3.81 164.82
Month 4 164.82 - 1.65 3.81 162.66
Month 5 162.66 - 1.63 3.81 160.48
Month 6 160.48 - 1.60 3.81 158.28
Month 7 158.28 - 1.58 3.81 156.06
Month 8 156.06 - 1.56 3.81 153.81
Month 9 153.81 1.54 3.81 151.54
Month 10 151.54 - 1.52 3.81 149.25
Month 11 149.25 - 1.49 3.81 146.93
Month 12 146.93 1.47 3.81 144.59
171.18 19.11 45.69
Year III - Month 1 144.59 - 1.45 3.81 142.23
Month 2 142.23 - 1.42 3.81 139.85
Month 3 139.85 - 1.40 3.81 137.44
Month 4 137.44 - 1.37 3.81 135.00
Month 5 135.00 - 1.35 3.81 132.55
Month 6 132.55 - 1.33 3.81 130.06
Month 7 130.06 - 1.30 3.81 127.56
Month 8 127.56 - 1.28 3.81 125.02
Month 9 125.02 - 1.25 3.81 122.47
Month 10 122.47 - 1.22 3.81 119.88
Month 11 119.88 - 1.20 3.81 117.28
Month 12 117.28 - 1.17 3.81 114.64
15.74 45.69
Year IV - Month 1 114.64 - 1.15 3.81 111.98
Month 2 111.98 - 1.12 3.81 109.29
Month 3 109.29 - 1.09 3.81 106.58
Month 4 106.58 - 1.07 3.81 103.83
Month 5 103.83 - 1.04 3.81 101.06
Month 6 101.06 - 1.01 3.81 98.27
Month 7 98.27 - 0.98 3.81 95.44
Month 8 95.44 - 0.95 3.81 92.59
Month 9 92.59 - 0.93 3.81 89.71
Month 10 89.71 - 0.90 3.81 86.80
Month 11 86.80 - 0.87 3.81 83.86
Month 12 83.86 - 0.84 3.81 80.89
11.94 45.69
Year V - Month 1 80.89 - 0.81 3.81 77.89
Month 2 77.89 - 0.78 3.81 74.86
Month 3 74.86 - 0.75 3.81 71.80
Month 4 71.80 - 0.72 3.81 68.71
Month 5 68.71 - 0.69 3.81 65.59
Month 6 65.59 - 0.66 3.81 62.44
Month 7 62.44 - 0.62 3.81 59.26
Month 8 59.26 - 0.59 3.81 56.04
Month 9 56.04 - 0.56 3.81 52.79
Month 10 52.79 - 0.53 3.81 49.51
Month 11 49.51 - 0.50 3.81 46.20
Month 12 46.20 - 0.46 3.81 42.86
7.66 45.69
Year VI - Month 1 42.86 - 0.43 3.81 39.48
Month 2 39.48 - 0.39 3.81 36.06
Month 3 36.06 - 0.36 3.81 32.62
Month 4 32.62 - 0.33 3.81 29.14
Month 5 29.14 - 0.29 3.81 25.62
Month 6 25.62 - 0.26 3.81 22.07
Month 7 22.07 - 0.22 3.81 18.48
Month 8 18.48 - 0.18 3.81 14.86
Month 9 14.86 - 0.15 3.81 11.20
Month 10 11.20 - 0.11 3.81 7.50
Month 11 7.50 - 0.08 3.81 3.77
Month 12 3.77 - 0.04 3.81 0.00
2.84 45.69
DEBT SERVICE COVERAGE RATIO ANALYSIS
Projections
PARTICULARS
Year I Year II Year III Year IV Year V
Net Profit After Interest & Tax 34.08 47.28 50.58 55.96 67.91
(+) Depriciation 19.03 16.87 14.97 13.28 11.80
(+) Bank Interest 19.11 15.74 11.94 7.66 2.84

Net Cash Inflow 72.22 79.89 77.49 76.91 82.55

Bank Interest 19.11 15.74 11.94 7.66 2.84

Principal Repayment of Installment 26.58 29.95 33.75 38.03 42.86

Net Cash Outflow 45.69 45.69 45.69 45.69 45.69

Debt Service Coverage Ratio 1.58 1.75 1.70 1.68 1.81

Debt Service Coverage Ratio 45.69

FY24 & FY25 - Moratorium period of 9 months hence DSCR looks inflated
FINANCIALS INDICATORS

Sr. Projections
PARTICULARS
No Year I Year II Year III Year IV Year V

1 SALES(a) 288.00 288.00 288.00 288.00 288.00

2 OTHER INCOME(b) - - - - -
3 TOTAL INCOME (a+b) 288.00 288.00 288.00 288.00 288.00
4 OPERATING PROFIT 79.45 89.92 88.22 88.78 96.95
5 NET PROFIT 34.08 47.28 50.58 55.96 67.91
6 CASH PROFIT 53.11 64.15 65.55 69.25 79.71
7 OPEARATING PROFIT MARGIN(%) 27.59% 31.22% 30.63% 30.83% 33.66%
8 NET PROFIT MARGIN (%) 11.83% 16.42% 17.56% 19.43% 23.58%
9 CASH PROFIT TO SALES 18.44% 22.27% 22.76% 24.04% 27.68%
10 QUASSI CAPITAL (UNSECURED LOANS) - - - - -
11 CAPITAL 276.08 311.36 348.74 390.18 442.12
12 NET WORTH 276.08 311.36 348.74 390.18 442.12
13 TOTAL OUTSIDE LIABILITIES 7.80 6.57 8.38 11.01 11.54
14 CURRENT RATIO 2.59 4.29 4.04 3.02 3.93
15 QUICK RATIO 2.59 4.29 4.04 3.02 3.93
16 TOL/TNW 0.03 0.02 0.02 0.03 0.03
17 DEBT MANAGEMENT RATIO 0.34 0.27 0.18 0.10 0.00
18 INTEREST COVERAGE 3.16 4.64 6.13 9.86 30.02

CASH PROFIT -413.18 53.11 64.15 65.55 69.25 79.71

 Calculation format for ROI and IRR under BMF Scheme (Rs. Lakh)
Particulars Year-1 Year-2 Year-3 Year-4 Year-5
Capital Investment
Cost of animal purchase 240.00 - - - -
Cost of civil construction 138.88 - - - -
Cost of equipments 34.30 - - - -
Total Capital Investment 413.18 - - - -

Income
Income 1 Sale of Milk 288.00 288.00 288.00 288.00 288.00
Income 2 Sale of Ganny Bags 0.45 0.55 0.67 0.67 0.67
Income 3 Manure 50.00 61.08 74.88 74.88 74.88
Income 4 old Cattle and Heifers - - - 66.00 66.00
Income 5 Insurance Receipts - - - - -
Total Income 338.45 349.63 363.56 429.56 429.56

Expenditure
Repayment of interest on bank loan 45.69 45.69 45.69 45.69 45.69
Feed purchase cost 169.57 142.80 182.13 239.25 250.75
Feeding cost of animal along with calves 0.00 0.00 0.00 0.00 0.00
Cost of breeding and veterinary 8.00 8.00 8.96 8.96 8.96
Fodder purchase cost 0.00 0.00 0.00 0.00 0.00
Water and Electrical charges 1.00 1.22 1.50 1.50 1.50
Milk chilling charges 0.00 0.00 0.00 0.00 0.00
Other miscellaneous charges 37.23 62.93 36.36 42.96 21.48
Salary proposed for staff 31.20 32.76 34.40 36.12 37.92
Depreciation on assets 19.03 16.87 14.97 13.28 11.80
Payment of Income Tax 7.23 10.03 10.73 11.87 14.41
Total Expenditure 318.95 320.31 334.72 399.63 392.50

Income over Expenditure 19.50 29.32 28.83 29.93 37.06

Repayment of principal of bank loan 26.58 29.95 33.75 38.03 42.86
Oustanding loan balance 144.59 114.64 80.89 42.86 0.00

Return on Investment (ROI) 16% 18% 18% 18% 20%

Average ROI 17.35%

Internal Rate of Return (IRR)

-413.18 91.45 101.92 100.22 100.78 108.95
IRR 14.13%