OVERVIEWDAIRY UNIT SIZE 20

BREED CROSS BREED HFSTATE ODISHA

PROJECT COST 2114400 INRBANK LOAN 1585800 75%

MARGIN MONEY 528600 INRREPAYMENT PERIOD 15 YEAR

INTEREST RATE 12.00%WC MARGIN 500000

HERD PLANNING PERCENTAGE

5%

10%

5%

50%

5%

25%

12000

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

20 5 5 0 0

REARED COWS 0 0 0 8 10OLD COWS 0 19 23 26 30

COWS SOLD 0 0 0 2 4TOTAL COWS 20 24 28 32 36

PREGNANT HEIFERS 0 0 8 10 11HEIFERS 1-2 YEARS 0 9 10 12 14

9 11 13 14 16

29 43 59 68 77

ADULT COW DEATH LOSS

HEIFERS DEATH LOSS (BELOW 1 YEAR)

HEIFERS DEATH LOSS (1 - 2 YEAR)

FEMALE HEIFER PERCENTAGE

FEMALE HEIFER INFERTILITY RATE

TOTAL CULLING RATE (3RD YEAR

ONWARDS)

VALUE OF SOLD COWS(2/3 OF

ORIGINAL COST LESS TRANSPORTATION)

CATEGORY OF ANIMALS

NEWLY PURCHASED COWS

HEIFERS BELOW 1 YEAR

TOTAL HERD STRENGTH

LIVESTOCK DETAILSCOST OF EACH LIVESTOCK 18000

TRANSPORTATION COST OF EACH LIVESTOCK 2000AVERAGE DAILY MILK YIELD 20

SELLING PRICE OF MILK 20TOTAL LACTATION PERIOD PER YEAR 300

TOTAL DRY PERIOD PER DAY 65

LAND AND SHED DETAILSSHED AREA REQUIRED PER LIVESTOCK 65SHED AREA PER HEIFER PER CALFS 30SHED AREA REQUIRED FOR FODDER STORAGE 500

150

CONSTRUCTION OF SHED WITH FLOORING 250

OFFICE, STORAGE AND STAFF AREA DETAILSOFFICE AREA REQUIRED 200STAFF QUARTERS REQUIRED 500

200

400

FODDER DETAILS (Including Transportation Costs)COST OF PURCHASE OF GREEN FODDER 1COST OF PURCHASE OF DRY FODDER 2COST OF CONCENTRATED FEED 13COST OF MINERAL MIXTURE 50

VETERINARY AND INSURANCE DETAILSCOST OF VETERINARY PER ANIMAL PER YEAR 1500

% OF LIFE STOCK INSURANCE PREMIUM 4%

LABOUR AND MISCELLANEOUS YEAR 1NO. OF SUPERVISOR/MANAGER 1NO. OF SKILLED LABOUR REQUIRED 1NO. OF UNSKILLED LABOUR REQUIRED 1ANNUAL WAGES OF SUPERVISOR / MANAGER 144000ANNUAL WAGES PER SKILLED LABOUR 72000ANNUAL WAGES PER UNSKILLED LABOUR 36000

20

SALE PRICE OF EMPTY GUNNY BAG 5COST OF MANURE PER ANIMAL PER YEAR 1200

CONTRUCTION COST OF STORAGE, HEIFERS AND CALF SHEDS

TOOLS AND MACHINES STORAGE AREA REQUIRED

CONSTRUCTION COST OF OFFICE AND STAFF AREA

NO. OF EMPTY GUNNY BAGS PER ANIMAL PER YEAR

500

MISC EXPENSES PER ANIMAL PER YEAR 500GENERAL EQUIPMENT COST PER ANIMAL 1000

MACHINARY AND TOOLSMILKING EQUIPMENT 4 CLUSTER CAN 150000MIST COOLING SYSTEM 30000SEMEN CONTAINER WITH ACCESSORIES 30000MILK CAN 40 LTRS 10 NO.S 20000GENERATOR 7.5 KVA 90000

DEPRECIATION RATE BUILDINGS 10%

PLANT AND MACHINARY 10%

COST ELECTRICTY/DIESEL PER ANIMAL PER YEAR

LIVESTOCK DETAILSINRINR

LITRE PER DAYINR PER LITRE

DAYSDAYS

LAND AND SHED DETAILSSQ FT FOR 50 COWSSQ FT FOR 25 HEIFERSSQ FT FOR 50 COWS

RS PER SQFT

RS PER SQFT

OFFICE, STORAGE AND STAFF AREA DETAILSSQ FTSQ FT

SQ FT

RS PER SQ FT

FODDER DETAILS (Including Transportation Costs)RS PER KG (IF PURCHASED)RS PER KGRS PER KGRS PER KG

VETERINARY AND INSURANCE DETAILSINR

YEAR2 YEAR 3 YEAR 4 YEAR 51 1 1 11 2 2 22 2 2 3

INRINRINR

INRINR

INR

INRINR

MACHINARY AND TOOLSINRINRINRINRINR

DEPRECIATION RATE 10 YEARS10 YEARS

LACTATION CHART IN MILK IN DRY

YEAR 1TOTAL DAYS 6000 1300

TOTAL MILK PRODUCED (IN LTR) 120000

YEAR 2TOTAL DAYS 7200 1560

TOTAL MILK PRODUCED (IN LTR) 144000

YEAR 3TOTAL DAYS 8400 1820

TOTAL MILK PRODUCED (IN LTR) 168000

YEAR 4TOTAL DAYS 9646 2090

TOTAL MILK PRODUCED (IN LTR) 192919

YEAR 5TOTAL DAYS 10780 2336

TOTAL MILK PRODUCED (IN LTR) 215603

FEED AND FODDER CONSUMPTION

FOR ADULT COWSDAILY REQUIREMENTS (KG)

IN MILKGREEN FODDER (CULTIVATEDE IN RENTED FIELDS) 40

DRY FODDER 5FORMULA FEED (CONCENTRATE) 8

FEED AND FODDER CONSUMPTION COST

FOR ADULT COWSYEAR 1

IN MILKGREEN FODDER (CULTIVATEDE IN RENTED FIELDS) 240000

DRY FODDER 60000FORMULA FEED (CONCENTRATE) 624000

TOTAL COST 924000TOTAL COST (YEARWISE) 1018900

FEED AND FODDER CONSUMPTIONFOR HEIFERS GREEN (KG)

PREGNANT HEIFERS (2-3 YEARS) 25HEIFER BETWEEN 1 - 2 YEAR 15HEIFER LESS THAN 1 YEAR 5

TOTAL QUANTITY REQUIREDTOTAL COST

FOR HEIFERS DRY (KG)PREGNANT HEIFERS (2-3 YEARS) 3

HEIFER BETWEEN 1 - 2 YEAR 2HEIFER LESS THAN 1 YEAR 1

TOTAL QUANTITY REQUIREDTOTAL COST

FOR HEIFERS C FEED (KG)PREGNANT HEIFERS (2-3 YEARS) 2

HEIFER BETWEEN 1 - 2 YEAR 2HEIFER LESS THAN 1 YEAR 1

TOTAL QUANTITY REQUIREDTOTAL COST

TOTAL COST OF FEED AND FODDER FOR HEIFERS

FEED AND FODDER CONSUMPTIONDAILY REQUIREMENTS (KG) YEAR 1 YEAR 2 YEAR 3 YEAR 4

IN DRY IN MILK IN DRY IN MILK IN DRY IN MILK IN DRY IN MILK35 240000 45500 288000 54600 336000 63700 3858386 30000 7800 36000 9360 42000 10920 482302 48000 2600 57600 3120 67200 3640 77168

FEED AND FODDER CONSUMPTION COSTYEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

IN DRY IN MILK IN DRY IN MILK IN DRY IN MILK IN DRY IN MILK45500 288000 54600 336000 63700 385838 73148 43120515600 72000 18720 84000 21840 96459 25079 10780133800 748800 40560 873600 47320 1003178 54339 112113394900 1108800 113880 1293600 132860 1485474 152567 1660139

1018900 1222680 1426460 1638041 1830645

FEED AND FODDER CONSUMPTIONYEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

0 0 74118 88941 1037650 46811 56174 65536 75256

16425 19710 22995 26406 2951116425 66521 153286 180883 20853216425 66521 153286 180883 208532

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 50 0 8894 10673 124520 6242 7490 8738 10034

3285 3942 4599 5281 59023285 10184 20983 24692 283886570 20367 41966 49384 56776

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 50 0 5929 7115 83010 6242 7490 8738 10034

3285 3942 4599 5281 59023285 10184 18018 21135 24237

42705 132386 234237 274749 31508765700 219274 429489 505017 580396

FEED AND FODDER CONSUMPTIONYEAR 4 YEAR 5

IN DRY IN MILK IN DRY73148 431205 8174912540 53901 140144180 86241 4671

FEED AND FODDER CONSUMPTION COSTYEAR 5

IN DRY817492802860728

1705061830645

INVESTMENT COST YEAR 1 YEAR2 YEAR 3COST OF ANIMALS 400000 100000 100000

MILKING ANIMAL SHED CONSTRUCTION 812500HEIFERS AND CALF SHED CONSTRUCTION 112500

STORAGE AREA CONSTRUCTION COST 75000GENERAL EQUIPMENT COST 20000

OFFICE CONSTRUCTION 80000STAFF QUARTER CONSTRUCTION 200000

TOOLS AND MACHINE STORAGE AREA CONSTRUCTION 80000MACHINARY AND TOOL COST 320000

INSURANCE EXPENSES 14400 3600 3600TOTAL COST 2114400 103600 103600

YEAR 4 YEAR 50 0

4430 42724430 4272

SL NO ASSET COSTA LAND AND BUILDING1 MILKING ANIMAL SHED CONSTRUCTION 8125002 HEIFERS AND CALF SHED CONSTRUCTION 1125003 STORAGE AREA CONSTRUCTION COST 750004 OFFICE CONSTRUCTION 800005 STAFF QUARTER CONSTRUCTION 2000006 TOOLS AND MACHINE STORAGE AREA CONSTRUCTION 80000B PLANT AND MACHINARY1 MACHINARY AND TOOL COST 3200002 GENERAL EQUIPMENT COST 20000

DEPRECIATION (SLM)SL NO ASSET COST

1 LAND AND BUILDING 13600002 PLANT AND MACHINARY 340000

TOTAL DEPRECIATION COST

DEPRECIATION (WDV)SL NO ASSET COST

1 LAND AND BUILDING 13600002 PLANT AND MACHINARY 340000

TOTAL DEPRECIATION COST

TOTAL COST1360000

340000

DEPRECIATION (SLM)RATE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 710% 136000 136000 136000 136000 136000 136000 13600010% 34000 34000 34000 34000 34000 34000 34000

TOTAL DEPRECIATION COST 170000 170000 170000 170000 170000 170000 170000

DEPRECIATION (WDV)RATE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 710% 136000 122400 110160 99144 89229.6 80306.64 72275.9810% 34000 30600 27540 24786 22307.4 20076.66 18068.99

TOTAL DEPRECIATION COST 170000 153000 137700 123930 111537 100383.3 90344.97

DEPRECIATION (SLM)YEAR 8 YEAR 9 YEAR 10136000 136000 13600034000 34000 34000

170000 170000 170000

DEPRECIATION (WDV)YEAR 8 YEAR 9 YEAR 1065048.38 58543.54 52689.1916262.09 14635.89 13172.381310.47 73179.43 65861.48

CASH FLOW ANALYSISOPENING BALANCE 0 1320250

OUT FLOWS YEAR 0 YEAR 1 YEAR 2CAPITAL COST 2114400 103600 103600

FEEDING EXPENSES ADULT COWS 1018900 1222680FEEDING EXPENSES HEIFERS 65700 219274VETERINARY AID EXPENSES 36750 26100

COST OF ELECTRICITY AND WATER 12250 16838INSURANCE 14400 3600

LABOUR WAGES SUPERWISOR 144000 144000LABOUR WAGES SKILLED LABOUR 72000 72000

LABOUR WAGES UNSKILLED LABOUR 36000 72000WORKING CAPITAL LOAN 900000 1276491

INTEREST PAID 108000 338873PRINCIPAL REPAID 0 104849

TOTAL COST 2114400 2511600 3600304

INFLOWS YEAR 1 YEAR 2SALE OF MILK 2400000 2880000

SALE OF GUNNY BAGS 2450 3368SALE OF MANURE 29400 40410

SALE OF OLD COWS 0 0WC 1400000 1276491

CAPITAL COST 2114400TOTAL INFLOW / INCOME 2114400 3831850 4200269

CLOSING BALANCE 0 1320250 1920215

CASH FLOW ANALYSIS1920215 2557426 3394252YEAR 3 YEAR 4 YEAR 5

4430 4272 01426460 1638041 1830645429489 505017 58039630450 34967 3907821746 25123 282893600 4430 4272

144000 144000 144000144000 144000 14400072000 72000 108000

1771745 2067577 2378679385143.95 405832.81 426495.09

118008 132819 1494894551072 5178079 5833343

YEAR 3 YEAR 4 YEAR 53360000 3858375 4312050

4349 5025 565852190 60295 67893

0 23632 457591771745 2067577 2378679

5188283 6014905 6810039

2557426 3394252 4370948

PARTICULARS YEAR 1 YEAR 2 YEAR 3 YEAR 4SALE OF MILK 2400000 2880000 3360000 3858375

SALE OF GUNNY BAGS 2450 3368 4349 5025SALE OF MANURE 29400 40410 52190 60295

SALE OF OLD COWS 0 0 0 23632TOTAL SALES 2431850 2923778 3416539 3947327

FEEDING EXPENSES ADULT COWS 1018900 1222680 1426460 1638041FEEDING EXPENSES HEIFERS 65700 219274 429489 505017VETERINARY AID EXPENSES 36750 26100 30450 34967

COST OF ELECTRICITY AND WATER 12250 16838 21746 25123INSURANCE 14400 3600 3600 4430

LABOUR WAGES SUPERWISOR 144000 144000 144000 144000LABOUR WAGES SKILLED LABOUR 72000 72000 144000 144000

LABOUR WAGES UNSKILLED LABOUR 36000 72000 72000 72000TOTAL EXPENSES 1400000 1776491 2271745 2567577

EBDIT 1031850 1147286 1144794 1379750DEPRECIATION 170000 170000 170000 170000

EBIT 861850 977286 974794 1209750INTEREST ON TERM LOAN 0 185694 172535 157724

INTEREST ON WORKING CAPITAL 108000 153179 212609 248109TOTAL INTEREST 108000 338872.95 385143.95 405832.81

PBT 753850 638413 589650 803917TAX 0 0 0 0PAT 753850 638413 589650 803917

YEAR 54312050

56586789345759

4431360183064558039639078282894272

144000144000108000

2878679 1552680170000

1382680141054285442

426495.09956185

0956185

PARTICULARS YEAR 1 YEAR 2 YEAR 3NET TOTAL INCOME 2431850 2923778 3416539

TOTAL COST 1400000 1776491 2271745EBITDA 1031850 1147286 1144794

DEPRECIATION 170000 170000 170000EBIT 861850 977286 974794

INTEREST 108000 338872.95314 385143.9456EBT 753850 638413 589650TAX 0 0 0EAT 753850 638413 589650

EBITDA MARGIN 42% 39% 34%EBIT MARGIN 35% 33% 29%EAT MARGIN 31% 22% 17%

INTEREST COVERAGE RATIO 798% 288% 253%PROJECT IRR 38%

AVERAGE DSCR 3.7216321488MINIMUM DSCR 3.2084259985

YEAR 4 YEAR 53947327 44313602567577 28786791379750 1552680170000 170000

1209750 1382680405832.8111 426495.09169

803917 9561850 0

803917 956185

35% 35%31% 31%20% 22%

298% 324%

BALANCE SHEETYEAR 0 YEAR 1 YEAR 2 YEAR 3

SOURCES OF FUNDCAPITAL 528600 1028600 1028600 1028600

RESERVES 753850 1392263 1981913SUB -TOTAL 528600 1782450 2420863 3010513

SECURED TERM LOANS 1585800 1585800 1480951 1362943SUB - TOTAL 1585800 1585800 1480951 1362943

TOTAL 2114400 3368250 3901815 4373457

APPLICATION OF FUNDSFIXED ASSETS

A. GROSS BLOCK 2114400 2218000 2321600 2326030B. LESS: ACCUMULATED DEPRECIATION 170000 340000 510000

NET BLOCK 2114400 2048000 1981600 1816030CASH BALANCES 1320250 1920215 2557426

TOTAL 2114400 3368250 3901815 4373457

BS CHECK 0 0 0 0

BALANCE SHEETYEAR 4 YEAR 5

1028600 10286002785830 37420153814430 47706151230124 10806351230124 10806355044555 5851251

APPLICATION OF FUNDS

2330303 2330303680000 850000

1650303 14803033394252 43709485044555 5851251

0 0

TOTAL FIXED COST 530000VARIABLE COST PER UNIT 10.4

SELLING PRICE 20

BREAK EVEN POINT 55381

PARTICULARS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5BREAK EVEN VOLUME 55381 55381 55381 55381 55381

VOLUME OF SALE 120000 144000 168000 192919 215602.5

PARTICULARS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5RECURRING COSTS 1400000 1776491 2271745 2567577 2878679WORKING CAPITAL 1400000 1776491 2271745 2567577 2878679

MARGIN MONEY 500000 500000 500000 500000 500000WC LOAN 900000 1276491 1771745 2067577 2378679

INTEREST ON WC LOAN @ 12% 108000 153179 212609 248109 285442

INTEREST AND REPAYMENTPROJECT LOAN AMOUNT 1585800INSTALLMENTS / YEAR 4

TENURE OF LOAN 10 YEARNO. OF INSTALMENT 36

MORATORIUM PERIOD 1 YEARRATE OF INTEREST 12%

INSTALLMENT AMOUNT 72635.656817

YEAR QUARTER INSTALLMENT INTEREST

YEAR 1

Q1 1585800 0 0Q2 1585800 0 0Q3 1585800 0 0Q4 1585800 0 0

YEAR 2

Q1 1585800 72636 47574Q2 1560738 72636 46822Q3 1534925 72636 46048Q4 1508337 72636 45250

YEAR 3

Q1 1480951 72636 44429Q2 1452744 72636 43582Q3 1423691 72636 42711Q4 1393766 72636 41813

YEAR 4

Q1 1362943 72636 40888Q2 1331196 72636 39936Q3 1298496 72636 38955Q4 1264815 72636 37944

YEAR 5

Q1 1230124 72636 36904Q2 1194392 72636 35832Q3 1157588 72636 34728Q4 1119680 72636 33590

YEAR 6

Q1 1080635 72636 32419Q2 1040419 72636 31213Q3 998995 72636 29970Q4 956330 72636 28690

YEAR 7

Q1 912384 72636 27372Q2 867120 72636 26014Q3 820498 72636 24615Q4 772477 72636 23174

YEAR 8

Q1 723016 72636 21690Q2 672070 72636 20162Q3 619597 72636 18588

OPENING PRINCIPAL

YEAR 8

Q4 565549 72636 16966

YEAR 9

Q1 509880 72636 15296Q2 452541 72636 13576Q3 393481 72636 11804Q4 332650 72636 9980

YEAR 10

Q1 269994 72636 8100Q2 205458 72636 6164Q3 138986 72636 4170Q4 70520 72636 2116

REPAYMENT

0 15858000 15858000 15858000 1585800

25062 156073825814 153492526588 150833727386 148095128207 145274429053 142369129925 139376630823 136294331747 133119632700 129849633681 126481534691 123012435732 119439236804 115758837908 111968039045 108063540217 104041941423 99899542666 95633043946 91238445264 86712046622 82049848021 77247749461 72301650945 67207052474 61959754048 565549

ENDING PRINCIPAL

55669 50988057339 45254159059 39348160831 33265062656 26999464536 20545866472 13898668466 7052070520 0

TAX CALCULATIONSTAX ON MILK SALE 0%

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5PAT 753850 638413 589650 803917 956185

ADD: DEPRECIATION SLM 170000 170000 170000 170000 170000TOTAL 923850 808413 759650 973917 1126185

LESS: DEPRECIATION WDV 170000 153000 137700 123930 111537PBT AS PER IT ACT 753850 655413 621950 849987 1014648

TAX @ 0% 0 0 0 0 0

DSCRYEAR 1 YEAR 2 YEAR 3 YEAR 4

PAT 753850 638413 589650 803917ADD: DEPRECIATION 170000 170000 170000 170000

INTEREST ON TERM LOAN 0 185694 172535 157724TOTAL INFLOW 923850 994107 932185 1131641

INTEREST ON TERM LOAN 0 185694 172535 157724TERM LOAN REPAYMENT 0 104849 118008 132819

TOTAL OUTFLOW 0 290543 290543 290543

ANNUAL DSCR 3.4215540396 3.2084259985 3.8949215886AVERAGE DSCR 3.721632149MINIMUM DSCR 3.208425998

DSCRYEAR 5956185170000141054

1267239

141054149489290543

4.3616269686

IRR: TOTAL PROJECT COST YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5CAPITAL EMPLOYED -2114400

PAT 753850 638413 589650 803917 956185DEPRECIATION 170000 170000 170000 170000 170000ADD: INTEREST 0 185694 172535 157724 141054

GROSS CASH FLOW -2114400 923850 994107 932185 1131641 1267239IRR 38%