Water Consumption

Annual water consumption for processing…………………………………………………. 5,700,000 Liter

Summary of Direct Costs (Except Raw Milk) at different production capacity

Production Year and Capacity Utilization

Scr.No. Description Year 1 Year 2 Year 3 Year 4 to 10
50% 60% 70% 80%
1 Additives and sanitary Chemicals 334,121 401,066 467,910 534,754
2 Packing Material 2,317,549 2,781,059 3,244,569 3,708,079
3 Electricity Consumption 1,299,256 1,559,108 1,818,959 2,078,810

Projected Profit/Loss Statement

Project Years
Description
1 2 3 4 5 6 7 8 9 10
Net Revenue 37,023,019 43,525,540 49,949,975 56,199,722 55,727,493 56,160,710 55,996,587 55,834,717 55,673,506 55,498,499
Less operating costs 25,730,432 28,639,923 33,587,679 36,808,521 35,761,975 35,258,557 36,620,193 36,251,903 36,082,082 35,864,049
Gross Profit 11,292,887 14,885,616 16,362,296 19,391,201 19,965,518 20,902,153 19,376,394 19,582,814 19,591,424 19,634,450
Less Depreciation 4,768,271 4,768,271 4,768,271 4,768,271 4,768,271 4,768,271 4,768,271 4,768,271 4,768,271 4,768,271
Profit Before Interest
and tax 6,524,616 10,117,346 11,594,026 14,622,930 15,197,247 16,133,882 14,608,123 14,814,543 14,823,153 14,866,179
Less Interest Expense
4,570,361 5,172,433 4,672,831 3,894,026 3,115,221 2,336,415 1,557,610 778,805 86,534
Profit Before Tax 1,954,255 4,944,913 6,921,194 10,728,904 12,082,026 13,797,467 13,050,513 14,035,738 14,736,619 14,866,179
Less Profit Tax (35%) 3,747,166 4,220,759 4,821,163 4,559,730 4,904,558 5,149,867 5,195,213
Net Profit/Loss 1,954,255 4,944,213 6,921,194 6,981,738 7,861,267 8,976,303 8,490,783 9,131,180 9,586,752 9,670,966
Dividend/withdrawal
(20%)2 1,795,261 1,698,157 1,826,236 1,917,350 1,934,193
Retained Earning 1,954,255 4,944,913 6,921,194 6,981,738 7,861,267 7,181,043 6,792,627 7,304,944 7,669,402 7,736,773
Cumulative Retained
Earning 1,954,255 6,899,168 13,820,062 20,802,100 28,663,367 35,884,410 42,637,036 49,941,980 57,611,382 65,384,155
 Projected Cash Flow Statement
Project Year
Description
0 1 2 3 4 5 6 7 8 9 10
Cash Inflows
Owner’s Equity 15,519,120
Loan 46,103,608
Net Profit 1,954,255 4,944,913 6,921,194 6,981,738 7,861,267 8,976,303 8,490,783 9,131,180 9,586,752 9,670,966
Total Cash 61,622,728 6,722,526 9,713,183 11,689,465 11,750,009 12,659,538 13,744,574 13,259,054 13,899,451 14,355,023 14,439,237
Inflows
Cash Out Flows
Total Fixed Assets 47,561,718
Dairy Animals 4,000,000
Pre-operating 3,044,053
Interest and Cost
Working Capital 7,016,957
Increase in 782,925 1,395,311 939,780 248,543 113,792 406,028 92,833 40,869 52,880
working capital
Loan Repayment 2,000,000 3,000,000 6,490,044 6,490,044 6,490,044 6,490,044 6,490,044 6,490,044 2,163,344
Replacement 5,053,905
Withdrawal 1,795,261 1,698,157 1,826,236 1,917,350 1,934,193
(20%)
Total Cash 61,622,728 2,000,000 3,782,925 7,885,355 7,429,824 11,295,406 8,171,513 8,594,229 8,223,447 4,039,825 1,881,314
Outflows
Net Cash Flow 4,722,526 5,930,258 3,804,110 4,320,185 1.334,132 5,573,061 4,664,825 5,676,004 10,315,198 12,557,924
4,722,526 10,652,784 14,456,894 18,777,078 20,111,211 25,684,272 30,049,098 36,025,101 46,340,299 58,898,223

IRR Before Tax 24%

IRR After Tax 20%