PROJECT REPORT

Bank : State Bank of India

Borrower : Amandeep Kaur C/o Amandeep Singh

Village Akanwali, District
Mansa(Punjab)-151505

Project : Dairy Farming Mudra Loan

By:
 Annexure - 2
Techno-Economics of 14 Female Cows
Assumptions:-
1. The animal shall be purchased from the local breeding tracts.
2. The cost of Cows shall be Rs. 70,000/-.
3. The lactation period and lactation yield shall be 280 days and 2800 lit. per animal
respectively.
4. The animals purchased shall be insured @ 2% P.A.
5. The rate of interest on term loan shall be 11.30% P.A. and repayment period is 5
years.
6. Average sale price of milk shall be Rs. 50/- lit.
7. Average purchase price of Green fodder shall be Rs.250/- per quintal.
8. Purchase price of wheat-bhussa shall be Rs.350/- per quintal.
9. Average purchase price of balanced cattle feed shall be Rs.2200/- per quintal.
10. Labour charges shall be Rs. 14500/- per labour (2 labourer) per month.
11. Vety. Aid @ Rs.2500/- per animal shall be incurred.
12. The daily allowances of green fodder, dry fodder and concentrates for milch
animals/calves per day shall be as follow:-

Green Fodder Dry Fodder Concentrates

Kg kg kg
Lactation period 40 5 5
Dry period 40 5 2

13. No Depreciation on Livestock shall be charged.

14. All the receipts and expenditure (except Interest on Term Loan and Insurance)
have been increased by 5% every year.
 AMANDEEP KAUR C/O AMANDEEP SINGH
Village Akanwali, District Mansa (Punjab)

INDEX

ANNEXURE NO. SUBJECT

1 PROJECT AT A GLANCE

TECHNO - ECONOMIC PARAMETERS AND

2
ASSUMPTIONS MADE

3 SUMMARY OF COSTS

4 PROJECTED BALANCE SHEET

5 PROJECTED CASH FLOW STATEMENT

6 PROJECTED PROFITABILITY STATEMENT

SCHEDULE OF TERM LOAN REPAYMENT &

7
INTEREST CALCULATION

8 SCHEDULE OF DEBT SERVICE COVERAGE RATIO

9 STATEMENT OF NPV AND IRR

10 STATEMENT OF TOL / TNW

11 STATEMENT OF CURRENT RATIO

 Annexure - 1
AMANDEEP KAUR C/O AMANDEEP SINGH
Village Akanwali, District Mansa (Punjab)

PROJECT AT A GLANCE

S. No. Particulars
1 Unit Size : 14 Female Cows
2 Type of animal : Female Cows
3 Unit Cost (Rs.) : 980000
Margin Money -
4 : 98000
10% (Rs.)
5 Bank Loan (Rs.) : 882000
Repayment period
6 : 5 Years
(years)

Interest rate (%
7 : 11.30
p.a.)

8 Current Ratio : 2.61

9 TOL / TNW : 0.65

Debt Service
10 : 2.16
Coverage Ratio
Note: The above figures are projections only on the basis of assumptions
made & information given to us
 Annexure - 3
AMANDEEP KAUR C/O AMANDEEP SINGH
Village Akanwali, District Mansa (Punjab)
SUMMARY OF COSTS

S. No. Item Specifications Physical Unit Cost Total Cost (Rs.

Unit (Rs./Unit)
A. CAPITAL EXPENDITURE
(i) Cost of 14 Cows Female Cows 14 7000 9,80,000.0
Total Capital Expenditure 9,80,000.0
Total Project Cost 9,80,000.00

B. FEEDING COST
-Feeding Cost
(i) Green Fooder
(i) Lactation Period is of 280 days
(ii) Total Cows are 14
(iii) Daily allowance of Green
(a) Lactation Period Fodder is 40 kg for 1 animal 14.0 40 k 3,92,000.0
(iv) Purchase price of Fodder is Rs.
250/- per quintal
[(280x14x40x250)/100]
(i) Dry Period is of 80 days
(ii) Total Cows are 14
(iii) Daily allowance of Green
(b) Dry Period Fodder is 40 kg for 1 animal 14.0 40 k 1,12,000.0
(iv) Purchase price of Fodder is Rs.
250/- per quintal
[(80x14x40x250)/100]
(ii) Dry Fooder
(i) Lactation Period is of 280 days
(ii) Total Cows are 14
(iii) Daily allowance of Green
(a) Lactation Period Fodder is 5 kg for 1 animal 14.0 5k 68,600.0
(iv) Purchase price of Fodder is Rs.
350/- per quintal
[(280x14x5x350)/100]
(i) Dry Period is of 80 days
(ii) Total Cows are 14
(iii) Daily allowance of Green
(b) Dry Period Fodder is 5 kg for 1 animal 14.0 5k 19,600.0
(iv) Purchase price of Fodder is Rs.
350/- per quintal
[(80x14x5x350)/100]
(iii) Concentrates
(i) Lactation Period is of 280 days
(ii) Total Cows are 14
(iii) Daily allowance of Green
(a) Lactation Period Fodder is 5 kg for 1 animal 14.0 5k 4,31,200.0
(iv) Purchase price of Fodder is Rs.
2200/- per quintal
[(280x14x5x2200)/100]
 (i) Dry Period is of 80 days
(ii) Total Cows are 14
(iii) Daily allowance of Green
(b) Dry Period Fodder is 2 kg for 1 animal 14.00 2 kg 49,280.0
(iv) Purchase price of Fodder is Rs.
2200/- per quintal
[(80x14x2x2200)/100]
Total Feeding cost 10,72,680.0

Note: The above figures are projections only on the basis of assumptions made &
information given to us
 Annexure - 4
AMANDEEP KAUR C/O AMANDEEP SINGH
Village Akanwali, District Mansa (Punjab)
PROJECTED BALANCE SHEET
(Rs.
Projected Projected Projected Projected Projected
Particulars
31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028
A) CAPITAL & LIABILITIES
Capital Account 3,76,635 6,95,486 9,07,553 11,16,099 13,14,673
Secured Loan
Term Loan 7,41,177 5,84,511 4,10,221 2,16,323 0
Current Liabilities & Provisions
Sundry Creditors 2,14,536 1,12,631 1,18,263 1,24,176 1,30,385
Other Current Liabilities 48,720 36,540 38,367 40,285 42,300
Total of Current Liabilities & Provisions 2,63,256 1,49,171 1,56,630 1,64,461 1,72,685
GROSS TOTAL 13,81,068 14,29,168 14,74,404 14,96,883 14,87,358
B) ASSETS
Gross Fixed Assets
(i) Live Stock 9,80,000 9,80,00 9,80,00 9,80,00 9,80,00
Total Gross Fixed Assets 9,80,000 9,80,00 9,80,00 9,80,00 9,80,00
Less:- Depreciation - - - - -
Net Fixed Asset 9,80,000 9,80,000 9,80,000 9,80,000 9,80,000
CURRENT ASSET LOAN & ADVANCES
Cash & Bank Balance 1,65,868 1,40,468 1,70,269 1,76,541 1,49,999
Sundry Debtors and Debit Balances 2,35,200 3,08,700 3,24,135 3,40,342 3,57,359
Total of Current Assets & Advances 4,01,068 4,49,168 4,94,404 5,16,883 5,07,358
GROSS TOTAL 13,81,068 14,29,168 14,74,404 14,96,883 14,87,358
Note: The above figures are projections only onthe basis of assumptions made & information given to us
 Annexure - 5
AMANDEEP KAUR C/O AMANDEEP SINGH
Village Akanwali, District Mansa (Punjab)
CASH FLOW ANALYSIS

Years
Particulars Projected Projected Projected Projected Projected
31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028
(Rs.
Net Profit 3,68,635 4,08,851 4,52,067 4,98,546 5,48,574
Add: Interest on Term Loan 99,225 83,382 65,758 46,150 24,336
Net Profit before Interest 4,67,860 4,92,233 5,17,825 5,44,696 5,72,911
Less: Repayment of Loan (2,40,048 (2,40,048 (2,40,048 (2,40,048 (2,40,659
Less: Withdrawal by Prop. (90,000 (90,000 (2,40,000 (2,90,000 (3,50,000

Add: Change in S. Creditors 2,14,536 (1,01,905 5,632 5,913 6,209

Add: Change in Current Liab. 48,720 (12,180 1,827 1,918 2,014
Add: Capital by Proprietor 98,000
Add: Bank Loan 8,82,000

Less: Addition in Fixed Assets (Live Stock) (9,80,000 - - - -

Less: Change in S.Debtors (2,35,200 (73,500 (15,435 (16,207 (17,017

Change in Cash & Bank 1,65,868 (25,400 29,800 6,273 (26,542

Opening Cash & Bank - 1,65,868 1,40,468 1,70,269 1,76,541
Closing Cash & Bank 1,65,868 1,40,468 1,70,269 1,76,541 1,49,999
Note: The above figures are projections only on the basis of assumptions made & information given to us
 Annexure - 6
AMANDEEP KAUR C/O AMANDEEP SINGH
Village Akanwali, District Mansa (Punjab)
PROJECTED PROFT & LOSS ACCOUNT

(Rs.
Projected Projected Projected Projected Projected
Particulars
31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028
Sale of Milk 19,60,00 20,58,00 21,60,90 22,68,94 23,82,39
Total 19,60,00 20,58,00 21,60,90 22,68,94 23,82,39
Purchases
Feeding Cost
-Lactation Period 8,91,80 9,36,39 9,83,21 10,32,37 10,83,98
-Dry Period 1,80,88 1,89,92 1,99,42 2,09,39 2,19,86
Veterinary Care Expense 35,00 36,75 38,58 40,51 42,54
Labour charges 3,48,00 3,65,40 3,83,67 4,02,85 4,22,99
Electricity and Fuel 16,86 17,70 18,58 19,51 20,49
Interest on Term Loan 99,22 83,38 65,75 46,15 24,33
Insurance of Animals 19,60 19,60 19,60 19,60 19,60
Net Profit 3,68,63 4,08,85 4,52,06 4,98,54 5,48,57
 AMANDEEP KAUR C/O AMANDEEP SINGH Annexure - 7
Village Akanwali, District Mansa (Punjab)
REPAYMENT OF TERM LOAN
(Rs.)
Term Loan 882000
Repayment
Period 5
(Years)
Interest 11.30%

(Rs.)
Years Opening Balance Interest Repayment Closing Balance

Projected
882000 99225 240048 741177
31.03.2024

Projected
741177 83382 240048 584511
31.03.2025

Projected
584511 65758 240048 410221
31.03.2026

Projected
410221 46150 240048 216323
31.03.2027

Projected
216323 24336 240659 0
31.03.2028
 Annexure - 8
AMANDEEP KAUR C/O AMANDEEP SINGH
Village Akanwali, District Mansa (Punjab)
SCHEDULE OF DEBT SERVICE COVERAGE RATIO
(RS.)
Projected Projected Projected Projected Projected
S.NO. PARTICULARS Total
31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028
A CASH ACCRUALS

1 Net Profit 3,68,635 4,08,851 4,52,067 4,98,546 5,48,574

2 Interest on Term Loan 99,225 83,382 65,758 46,150 24,336

TOTAL (A) 4,67,860 4,92,233 5,17,825 5,44,696 5,72,911 25,95,524

B DEBT REPAYMENT

1 Term Loan Installment 2,40,048 2,40,048 2,40,048 2,40,048 2,40,659

TOTAL (B) 2,40,048 2,40,048 2,40,048 2,40,048 2,40,659 12,00,851

DEBT SERVICE COVERAGE RATIO
1.95 2.05 2.16 2.27 2.38 2.16
(A/B)
Note: The above figures are projections only on the basis of assumptions made & information given to us
 Annexure - 9
AMANDEEP KAUR C/O AMANDEEP SINGH
Village Akanwali, District Mansa (Punjab)
STATEMENT OF NPV AND IRR
(Amount Rs.)
Projected Projected Projected Projected Projected
S.No. Particulars
31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028
I Cost
1 Capital cost 9,80,000 - - - -
2 Recurring cost
a Feeding Cost
-Lactation Period 8,91,800 9,36,390 9,83,210 10,32,370 10,83,988
-Dry Period 1,80,880 1,89,924 1,99,420 2,09,391 2,19,861
b Veterinary Care Expense 35,000 36,750 38,588 40,517 42,543
c Labour charges 3,48,000 3,65,400 3,83,670 4,02,854 4,22,996
d Electricity and Fuel 16,860 17,703 18,588 19,518 20,493
e Interest on Term Loan 99,225 83,382 65,758 46,150 24,336
f Insurance 19,600 19,600 19,600 19,600 19,600
Total Cost 25,71,365 16,49,149 17,08,833 17,70,399 18,33,818
II Benefits
a Sale of Milk 19,60,000 20,58,000 21,60,900 22,68,945 23,82,392
Total Benefit 19,60,000 20,58,000 21,60,900 22,68,945 23,82,392
Net Benefit (Total Cost- Total Benefit) (6,11,365 4,08,851 4,52,067 4,98,546 5,48,574
NPV @ 15% 6,32,553

PV factor @ 15% 0.869 0.7561 0.6575 0.5718 0.497

PV of future benefits @ 15% 17,04,348 15,56,054 14,20,792 12,97,383 11,84,525
PV of future costs @ 15% 23,63,796 12,46,922 11,23,558 10,12,314 9,11,774
BCR 1.0

Note: NPV is positive

 Annexure - 10
AMANDEEP KAUR C/O AMANDEEP SINGH
Village Akanwali, District Mansa (Punjab)
SCHEDULE OF TOTAL OUTSIDE LIABILITIES TO TANGIBLE NET WORTH (TOL / TNW)
(RS.)
Projected Projected Projected Projected Projected
S. No. Particulars TOTAL
31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028
A TOTAL OUTSIDE LIABILITIES (TOL)

1 Long Term Liabilities 7,41,177 5,84,511 4,10,221 2,16,323 0

2 Short Term Liabilities 2,63,256 1,49,171 1,56,630 1,64,461 1,72,685

TOTAL (A) 10,04,433 7,33,683 5,66,851 3,80,784 1,72,685 28,58,436

B TANGIBLE NET WORTH (TNW)

1 Capital 3,76,635 6,95,486 9,07,553 11,16,099 13,14,673

TOTAL (B) 3,76,635 6,95,486 9,07,553 11,16,099 13,14,673 44,10,445

TOL / TNW (A/B) 2.67 1.05 0.62 0.34 0.13 0.65

Note: The above figures are projections only on the basis of assumptions made & information given to us
 Annexure - 11
AMANDEEP KAUR C/O AMANDEEP SINGH
Village Akanwali, District Mansa (Punjab)
SCHEDULE OF CURRENT RATIO
(RS.)
Projected Projected Projected Projected Projected
S.NO. PARTICULARS TOTAL
31.03.2024 31.03.2025 31.03.2026 31.03.2027 31.03.2028
A CURRENT ASSETS

1 Cash & Bank Balance 1,65,868 1,40,468 1,70,269 1,76,541 1,49,999

2 Sundry Debtors & Debit Balances 2,35,200 3,08,700 3,24,135 3,40,342 3,57,359

TOTAL (A) 4,01,068 4,49,168 4,94,404 5,16,883 5,07,358 23,68,881

B CURRENT LIABILITIES

1 Sundry Creditors 2,14,536 1,12,631 1,18,263 1,24,176 1,30,385

2 Other Current Liabilities 48,720 36,540 38,367 40,285 42,300

TOTAL (B) 2,63,256 1,49,171 1,56,630 1,64,461 1,72,685 9,06,203

CURRENT RATIO (A/B) 1.52 3.01 3.16 3.14 2.94 2.61
Note: The above figures are projections only on the basis of assumptions made & information given to us