animal feed mill

Anmol Animal Feed Mill

Department of Commerce 1


A Project on:

Submitted To:

Sir Javeed Iqbal

Submitted By:

Muhammad Zeeshan 15 Muhammad Danish 44 Muhammad Mushtaq 52

M. Com 4th (Morning) Session 2007-2009

Submitted To:



Sir Javeed Iqbal



1 Preface 5

2 Dedications 6

3 Acknowledgement 7

4 Executive Summary: 8

5 Company Profile 9

a. Address of Company b. Location of Project c. Product Range Mix d. Installed Capacitye. Capacity achieved

6 Estimated Cost of Project 12f. Fixed Costg. Initial Working Capital

7 Means of Finance 12

8 Names of Financiers 13

9 Names of Civil Contractor 14

10 Names of Machinery Suppliers 14

11 Machinery Detail 15

12 Machinery 16

13 Implementation Schedule 17

14 SWOT Analysis 18

15 Market Analysis 19

16 Technical Analysis 20

17 Personnel Analysis 21

18 Financial Analysis 22

19 Schedule of Cost of Project 25

20 Assumptions 26

21 Project Return and Ratios, Means of Finance 27

22 Project Visit Highlights 28

23 End words 33



Being aware of the importance of practical implementation of any newly established project,

the Department of Commerce (IUB) requires every M.Com student having specialization in

finance to go through feasibility of any project.

The purpose of the project feasibility is to broaden the vision of practical experiences with

theoretical knowledge as it increases one’s capabilities to handle problems at various stages

and the ability of decision.

We have tried our best to collect the valuable information and its relevant facts regarding the

animal’s food mill plant. We also have visited the plant working at Okara (Bahadar Nagar) and

Pattoki Natthey Stop for making our project reliable and successful.

This project concerning with animal food production namely “ANMOL ANIMAL FEED

MILL”.

GROUP NO. 08 Muhammad Zeshan Muhammad DanishMuhammad Mushtaq



“The Purpose of Education is to replace an empty mind with an open one"

All praise for ALLAH, the most merciful and his prophet Muhammad (PBUH) is for

every torch of guidance and knowledge for humanity. We offer humblest and sincerest words

of thanks to ALLAH Almighty who blessed us with potential and ability to make material

contribution to already existing ocean of knowledge. We are also grateful to the department of

Commerce who give us the opportunity of completing our project on “Anmol Animal Feed

Mill” and enhance our capabilities. This project is very much helpful us as we learn a lot by

applying theoretical knowledge in practical field.

We would also show our gratitude to our honorable and respected teacher the Chairman

of Department of Commerce Mr. JAVAID IQBAL Who furnished us with the opportunity to

complete this project, and thereby consolidating our concepts, enriching my knowledge,

establishing our skills and strengthening our confidence, especially his lectures.

Moreover, we are really very thankful to

C

ell# 0322-6978878

Livestock Research Center Okara (Bahadur Nagar)

of the Research Center Okara Animal Feed Mill, who gives us his precious time and valuable

information for doing this project. We are also thankful to other staff members of Research

Center Okara Animal Feed Mill for their cooperation & kindness; Mr.Dr.Akbar Buzdar who

helped us and polish our knowledge for animal feed unit.

We cannot forget the kindness & cooperation of Mr. Muhammad Ahmed we are very thankful

to them for their guidance & support.



Animal feed industry is broadly classified in two main categories viz. (i) cattle feed

industry and (ii) poultry feed industry. While the former has not yet developed to any sizeable

extent the latter has expanded in an organized fashion.

Livestock production is an integral part of Pakistan's agriculture sector and plays a vital

role in national economy. At present, livestock is contributing about 52% to the agricultural

sector and 10.9% to the GDP. The role of livestock in rural economy may be Assessed by the

fact that 30 to 35 million of the total rural population is engaged in livestock farming, having 2

to 3 cattle/buffalo and 5 to 6 sheep/goats per family deriving 30 to 40 per cent of income from

it.

At present, Pakistan has 215 feed mills, but only few are preparing compound feed for

Livestock. Generally, mixed compound feeds are prepared at home by farmers. Feed accounts

for almost 70% of total cost of production of milk or meat. Hence a balanced feed will

positively affect milk and meat production of livestock

Anmol Animal feed Mill is designed with a wide range of processing capacity and product mix

depending upon the demand, according to availability of feedstuffs and their storage capacity.

However, it is suggested that the viable economic unit should have a capacity of preparing 5

ton of Anmol Rashon per hour.

Some of the poultry feed mills, which have the requisite machinery and equipment also,

occasionally produce cattle feed. But the total quantity thus produced is very small. It is

estimated at 5,000 to 6,000 tonnes per annum and is consumed locally in its ignorance of

livestock owners about the utility of concentrated feeds and therefore they resort to cheaper

conventional feedstuffs. Moreover, the livestock population is scattered in small flocks over

vast areas making its commercial distribution a difficult job.



Address of Company:

Near A.C Bus Terminal Bahawalpur.

Head Office of Anmol Animal Feed Mill is Located in the heart of Bahawalpur city which is easily approachable by key regions of Punjab.

The processing unit is located in district Lodhran near Main Permut By-Pass 1 Km at Jalal pur pir wala Road

Unit is producing three basic types of “Anmol Rashon” for different categories of Animal i.e.

Anmol Wanda for Milky Animal



Anmol Rashon for Kid Animal

Anmol Wanda for Meat Animal



Installed capacity of our processing unit is 100 percent, which is 60 tonns per day

Currently the unit is achieving the capacity of 70 percent, which is 40 tonns per day



Total Estimated cost of project is

Fixed Cost Rs.14483498Initial Working Capital Rs.17, 208,460

Anmol Animal Feed Mill Ltd

PROJECT COST & MEANS OF FINANCE

(Rs.) (Rs.) (Rs.)

COST OF THE PROJECT LOCAL FRGN TOTAL

- Project Land & Its Development 751000 0 751000

- Building & Civil Works 4900000 0 4900000-Foreign MachineryMCB 0 3525000 3525000

- Local Machinery 725000 0 725000

-Insurance & clearance 70500 0 70500

- Engineering /Technical Fees 500000 0 500000

- Erection & Installation 212500 0 212500

- Furniture & Fixture 75000 0 75000

- Vehicles 850000 0 850000

- Mark-up during Construction 1274499 0 1274499

- Pre-production Expenses 1200000 0 1200000

- Contingencies 400000 0 400000

TOTAL FIXED COST: 10958498.63 3525000 14483498

- Initial Net Working Capital 43,653,340 0 17,208,460

TOATL COST OF THE PROJECT: 54611838.63 3525000 31,691,959

Pay Back Period 4.35 years

Net Present Value 31,505,747

Benefit cost Ratio 5.78

Equity 61%

Debt 39% MCB



Muslim Commercial Bank Ltd.(Dubai Chowk Branch.)

Repayment Schedule of LoanName of Bank Muslim Commercial Bank Ltd.Amount of Loan Rs. 10000000Interest 9%Date of Disbursement of Loan 1/1/2010Date of Commercial Production 1/1/2011Repayment of Principle installment 30/6/2011Period of Loan (principle repayment) 5 years YearsRepayment of interest Quarterly InstallmentRepayment of Principle installment Half yearly 10

Due DatesNo. of Days

Mark UpPrinciples Installment

InstallmentOutstanding

Principles1/1/2010 10٫00000031/3/2010 89 207747.945 207747.9452 10٫00000030/6/2010 91 212416.438 212416.4384 10٫00000030/9/2010 92 214750.685 214750.6849 10٫00000031/12/2010 92 214750.685 214750.6849 10٫00000031/3/2011 90 210082.192 210082.1918 10٫00000030/6/2011 91 212416.438 1000000 1212416.438 9٫00000030/9/2011 92 193275.616 193275.6164 9٫00000031/12/2011 92 193275.616 1000000 1193275.616 8٫00000031/3/2012 91 169933.151 169933.1507 8٫00000030/6/2012 91 169933.151 1000000 1169933.151 7٫00000030/9/2012 92 150325.479 150325.4795 7٫00000031/12/2012 92 150325.479 1000000 1150325.479 6٫00000031/3/2013 90 126049.315 126049.3151 6٫00000030/6/2013 91 127449.863 1000000 1127449.863 5٫00000030/9/2013 92 107375.342 107375.3425 5٫00000031/12/2013 92 107375.342 1000000 1107375.342 4٫00000031/3/2014 90 84032.8767 84032.87671 4٫00000030/6/2014 91 84966.5753 1000000 1084966.575 3٫00000030/9/2014 92 64425.2055 64425.20548 3٫00000031/12/2014 92 64425.2055 1000000 1064425.205 2٫00000031/3/2015 90 42016.4384 42016.43836 2٫00000030/6/2015 91 42483.2877 1000000 1042483.288 1٫00000030/9/2015 92 21475.0685 21475.06849 1٫00000031/12/2015 92 21475.0685 1000000 1021475.068 0٫000000

Interest during construction 849665.7534


Anmol Animal Feed Mill ALLIED ENGINEERING & SERVICES LIMITED

44-Qasim Road, Imperial Cinema Building, Multan, Pakistan

ADAMJEE CONSTRUCTION CO. LIMITED 39-A, PR-2, Abdullah Haroon Road, Saddar, Karachi, Pakistan

Cost of building and civil works

ADAMJEE CONSTRUCTION CO. LIMITED

Factory Building 900٬000

Ware House 600٬000

Processed Feed 600٬000

General Store 900٬000

Office Block 1000٬000

ALLIED ENGINEERING & SERVICES LIMITED

Residential Colony 800٬000

Bath rooms 100٬000

Total 4900٬000

AFZAL MACHINERY STORES 37-Nishtar Road, Lahore, Pakistan, 54000

Items of local Machinery

Sr.# Items Qty Total Cost in Rs.

1 Hooper Hammer mill 1 325000

2 Molasses Mixer Tank 1 235000

3 Pipe Line 2 165000

Total 725000

Amandus-Kahl GmbH, Dieselstrasse 5, D-21465 Reinbek, Germany.

Telephone: + 00 49 (40) 727 71-0

Fax: + 00 49 (40) 727 71-100

E.mail address: [email protected]


http://www.pakearth.com/pakistan-business-directory/construction/construction-materials/afzal-machinery-stores.php

http://www.pakearth.com/pakistan-business-directory/construction/construction-materials/afzal-machinery-stores.php

http://www.pakearth.com/pakistan-business-directory/construction/construction-machinery-equipment-parts/allied-engineering-services-limited-2.php

http://www.pakearth.com/pakistan-business-directory/contractors/adamjee-construction-co.-limited.php

http://www.pakearth.com/pakistan-business-directory/contractors/adamjee-construction-co.-limited.php

http://www.pakearth.com/pakistan-business-directory/construction/construction-machinery-equipment-parts/allied-engineering-services-limited-2.php


Website: http://www.amandus-kahl-group.de/ Acemo, 30 rue Albert de Mun BP 50, 56302 Pontivy Cedex, France.

Telephone: + 33 2 97 25 05 30

Fax: + 33 2 97 27 84 60

E.mail address: [email protected]

Website: http://www.acemo.fr

Items of Foreign Machinery

Sr.# Item Qty Total Cost in Rs.

1 Hopper Elevator 1 1000000

2 Grinding Machine 1 1450000

3 Packing Hopper 1 85000

4 Hopper Mixer 1 195000

5 Motor 4 265000

6 Sewing Machine 1 95000

7 Boiler 1 150000

8 Molasses Pump 1 35000

9 Fan Low pressure 5 250000

Total 3525000


http://www.acemo.fr/

http://www.amandus-kahl-group.de/


Implementation Schedule

Sr.No. Activities Month Year

1 Engineering studies and designing of civil works: 2010

Start January 2010

complete February 2010

3 Construction of building and civil works: 2010

Start February 2010

complete September 2010

4 Order for foreign machinery March 2010

5 Arrival of foreign machinery at sea port September 2010

6 Arrival of foreign machinery a site October 2010

7 Order for local machinery Jun 2010

8 Arrival of local machinery at site September 2010

9 Order for raw material November 2010

10 Trial Runs: 2010

Start December 2010



complete January 2011

11 Start Commercial production January 2011

Strengths Investment in dairy and livestock sector is increasing day by day and quality feed

is a pre-requisite in profitable dairy and livestock farming. Feed Processing Unit establishing according to modern techniques with proper

utilization of locally available cheaper feedstuffs leads to success in dairy and livestock farming hence for feed business too.

Weaknesses Limited availability of protein sources of standard quality due to low or limited

production, processing technology, variable composition and adulteration. Comparatively poor nutrient composition of home-grown feed ingredients due to

differences in varieties and use of improper soil fertilizers. Improper use of pesticides, the residues of which result in poor feed utilization. Lack of proper storage facility. Due to this fact various agricultural products when

produced under quite high moisture content, thus liable to be affected with insect damage, auto-oxidation and fungal contamination.

Lack of nutritional data of indigenous feed ingredients particularly for amino acids, energy, vitamins, minerals and by pass protein value especially in high producing cattle/buffalo.

Improper storage, transfer, grading, feed milling and mixing of feed ingredients may also affect the quality of feed.

Opportunities The annual growth rate in livestock population of Pakistan was 3.8 percent (Economic

Survey of Pakistan, 2007-08) due to which there is demand for compound feed. The increased productivity would require better feed utilization and increase in overall feed availability both from fodder crops and formulated compound feed.

The agro industrial by products can be better utilized in formulated compound feed. In order to meet the rapidly increasing demand for the various kinds of livestock

products (Milk & meats), the better rations with improved feed formula are needed to get more meat and milk, for the same feed supplies. By increasing livestock numbers, rather than their average weight, the feed requirements are much larger.

Threats Implementation of WTO. Open and competitive commodity pricing There is no feed ingredient quality control program as improper storage, transfer,

grading, feed milling and mixing of feed ingredients may also affect the quality of feed.


Anmol Animal Feed Mill The prices of different feedstuffs vary through out the year. Improper storage of raw

material can affect its nutritional value. There is limited availability of protein sources of standard quality due to low or static

production, processing technology, variable composition and adulteration. Lack of awareness among dairy and livestock farmers to use compound feed for the

high production of their animals is a constant threat for feed mill business as well.

Demand & Supply Conditions for last five years of Live stock Product:

Livestock plays an important role in the economy of the country and the livelihood of people. Livestock accounts for 52.2 percent of agriculture value added and 10.9 percent of national GDP. It is a net source of foreign exchange earnings, constituting more than 8.5 % of the total exports. It is an important source of raw material particularly for leather, carpet and woolen cloth industries. Livestock is raised by more than 8.5 million small and landless families in the rural areas and is their main livelihood source. It is a form of social security for the poor, who cash it at the time of need and it also serves as security against crop failure in barani (rain-fed) areas. Dairy sector is an important component of Pakistan’s economy. The value of milk alone exceeds the combined value of wheat, rice, maize and sugarcane in the country. Livestock produces 34.064 million tons of milk, making Pakistan 4th largest producer of milk in the world.

All amount in Rs.(ooo) but parenthesis indicate the %Demand is increasing @ 6-7 % per annum; whereas the supply is increasing @ 3.2 % per annum, creating a gap of around 3.8 % per annum.

Target Market:

The target markets of our project national market. Initially we will sell our product to target

region of Multan, Bahawalpur, Lodhran, Vihari, Mailsi, Bahawalnagar and Rahim yar khan.

Role of Live Stock in Economy:

In Punjab, the nutritional requirements are mainly met through fodder crops, shrubs, grasses, and agro industrial wastes. Punjab produces about 45 million tonnes of fodder from 2.03 million hectares of land with an average yield of 22 tonnes/ha (Younas and Yaqoob, 2005). The existing available feed resources can only fulfill the maintenance requirements of animals.Improving the quantity and quality of feeds could substantially enhance livestock productionfrom the existing genetic pool of animals. The gap between the requirement and availability of

Department of Commerce

Product Demand Supply Gap % Surplus/DeficitMotton 820 723 (97) (13)%Beef 999 1087 88 8%Milk 15044 28624 13580 90%

18

Anmol Animal Feed Mill nutrients could be minimized both through proper fodder research and extension policies in terms of better quality seed, seed rate and improved agronomic practices. The National Commission on Agriculture (NCA) 1988 suggested that "if all animals in milk receive full dietwhich meets their daily appetite without changing the feed mix i.e. maintaining the present poor nutritional requirement balance, this alone could increase milk yield by 100 per cent."

Role of Livestock in the Economy

Contribution in Agricultural GDP 47 %Contribution in National GDP 11 %Contribution in Exports 12 %Population dependent on Livestock 60 %

Major machinery of Anmol Animal Feed Mill is brought from Germany and France. But we

have also acquired the local machinery which is easily available and economical in Pakistan.

Hooper Elevator and Grinding Machine, Motors,

Items of Foreign Machinery

Sr.# Name of Machinery Qty

1 Hopper Elevator 1

2 Grinding Machine 1

3 Packing Hopper 1

4 Hopper Mixer 1

5 Motor 125 HP 4

6 Sewing Machine 1

7 Boiler 1

8 Molasses Pump 1

9 Fan Low pressure 5

Items of local Machinery



Sr.# Items Qty

1 Hooper Hammer 1

2 Molasses Mixer Tank 1

3 Pipe Line 2

Animal Food Process

Personnel Required for The ProjectAdministrative Staff

Sr.No. Types of StaffNumbers Required

Basic Salary Per Month

Total Salaries for the Year

1 Chief Executive Officer 1 65000 7800002 Production Manager 1 35000 4200003 Account Officer 1 12000 144000

Total 1344000Factory Staff



1 Labors 10 6500 7800002 Mechanic 1 8000 960003 Guard 2 7000 1680004 Driver 1 8000 96000

Total 1140000


Anmol Animal Feed Mill Marketing Staff



1 Sales Executive 2 30000 720000Total 720000

Total Cost of Human Recourse Management 3204000

Estimated Financial Statements


Income Statement

Year 1 Year 2 Year 3 Year 4 Year 5

Sales 146,966,400166,212,00

0 177,292,800188,373,60

0 199,454,400

Cost of Sales 122,217,540130,776,52

5 139,954,078149,783,47

1 160,312,424

Gross Profit 24,748,86035,435,47

5 37,338,72238,590,12

9 39,141,976

Operating Expense 2,300,750 2,517,313 2,755,599 3,017,554 3,305,553

Operating Profit 22,448,11032,918,16

3 34,583,12335,572,57

4 35,836,423

Financial Expense 809,050 640,517 468,250 297,850 170,400

Profit Before taxation 21,639,060

32,277,645 34,114,873

35,274,725 35,666,023

Income tax 7,573,671 11,297,176 11,940,206 12,346,154 12,483,108

Net Profit after tax 14,065,38920,980,46

9 22,174,66822,928,57

1 23,182,915

Ratio

Gross Profit 16.84% 21.32% 21.06% 20.49% 19.62%

Operating Profit 15.27% 19.80% 19.51% 18.88% 17.97%



Net Profit 9.57% 12.62% 12.51% 12.17% 11.62%

BALANCE SHEET OF ANMOL ANIMAL FEED MILL

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5

Assets

Current assets

Cash 500,0007,981,61

612,938,0

3112,116,2

5013,215,8

5912,668,6

17Account Receivable

14,696,640

16,621,200

17,729,280

18,837,360

19,945,440

Raw material Inventory

11,403,504

12,218,040

13,032,576

13,847,112

14,661,648

15,394,730

Finished goods inventory 452,658 534,587 572,343 612,767 656,057

Stores and spares12,670,6

9812,656,0

7213,600,1

6312,180,0

7711,985,8

52

Total11,903,5

0448,019,6

5255,782,4

6657,865,1

4859,507,7

1160,650,6

96

Fixed Assets

Land and Building 5,651,0005,161,00

04,644,90

04,131,41

03,617,65

93,103,93

4Plant and Machinery 4,250,000

3,825,000

3,442,500

3,017,500

2,592,500

2,167,500

Furniture and Fixture 75,000 71,250 67,688 64,116 60,544 56,973

Vehicles 850,000 765,000 688,500 611,150 533,885 456,612Pre-operating Expense 2,832,666

2,592,666

2,352,666

2,112,666

1,872,666

1,632,666

Total13,658,6

6612,414,9

1611,196,2

539,936,84

18,677,25

47,417,68

4

Total Assets25,562,1

7060,434,5

6766,978,7

2067,801,9

8968,184,9

6568,068,3

80

Liabilities and Owner’s equityCurrent liabilities

Account Payable22,807,0

0824,436,0

8026,065,1

5227,694,2

2429,323,2

96

Tax payable

Long term loan10,000,00

08,000,00

06,000,00

04,000,00

02,000,00

0 0

Equity

Capital15,562,17

015,562,1

7015,562,1

7015,562,1

7015,562,1

7015,562,1

70

Net Profit14,065,3

8920,980,4

6922,174,6

6822,928,5

7123,182,9

15

Total25,562,1

7060,434,5

6766,978,7

1967,801,9

8968,184,9

6568,068,3

81 Ratios

Current Ratio 2.11 2.28 2.22 2.15 2.07


Anmol Animal Feed Mill Return on Equity 0.90 1.35 1.42 1.47 1.49

Return on Assets 1.13 1.87 2.23 2.64 3.13

Cash Flow Statement

Cash Flow Statement

Sources Year 0 Year 1 Year 2 Year 4 Year 4 Year 5

Operating Profit22,448,11

053,563,44

361,153,71

564,562,28

066,772,85

0

Depreciation 1,000,000 991,500 992,350 992,265 992,274

Depreciation of fixture 3,750 3,563 3,572 3,571 3,571

Amortization 240,000 240,000 240,000 240,000 240,000

Increase in current liabilities 1,420,166

21,386,842 1,629,072 1,629,072 1,629,072 1,629,072

long term debt10,000,00

0

Owner’s equity16,982,33

6

Total28,402,5

0145,078,7

0256,427,5

7764,018,7

0967,427,1

8869,637,7

67

Application

Raw material inventory11,403,50

412,218,04

013,032,57

613,847,11

214,661,64

815,394,73

0

Finished goods inventory 226,329 242,179 259,174 277,377 296,875

Financing expense 809,050 640,517 468,250 297,850 170,400

Income tax 7,573,67118,523,02

421,239,91

322,492,55

123,310,85

8

Capital Expenditure13,658,66

6

payment of loan 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000

Increase in current Assets

17,104,184 5,121,226 2,670,524 2,302,626 2,160,510



Total25,062,1

7039,931,2

7439,559,5

2240,484,9

7342,032,0

5143,333,3

73

surplus/deficit 3,340,332 5,147,42916,868,05

523,533,73

625,395,13

826,304,39

4

cash carry forward 3,340,332 5,147,42916,868,05

523,533,73

625,395,13

8

Total cash 3,340,332 8,487,76022,015,48

440,401,79

148,928,87

351,699,53

2

Cost of Sales Schedule


Cost of Sales

Raw material 114035040 1.22E+08 1.31E+08 140258112.2 150276548.8

Packing cost 1848000 1940400 2037420 2139291 2246255.55

Wages 1260000 1386000 1524600 1677060 1844766

Electricity 4032000 4233600 4445280 4667544 4900921.2

Repair and maintenance 42500 44625 46856.25 49199.0625 51659.01563

Depreciation 1000000 991500 992350 992265 992273.5

Total 122217540 1.3E+08 1.4E+08 149783471 160312424

Operating Cost Schedule


Operating Cost

Administrative expense 2064000227040

0 2497440 2747184 3021902.4

Electricity 19000 19950 20947.5 21994.87523094.6187

5

Depreciation of furniture 3750 3562.53571.87

53571.4062

53571.42968

8

Telephone 36000 36000 36000 36000 36000

Traveling and conveyance 60000 60000 60000 60000 60000

Printing and Stationary 24000 24000 24000 24000 24000Market and Promotional charges 84000 92400 101640 111804 122984.4

Legal and Professional charges 10000 11000 12000 13000 14000



Amortization 240000 240000 240000 240000 240000

Total 2300750251731

3275559

93017554.

33305552.8

5

14 KEY ASSUMPTIONOPERATING ASSUMPTIONS Working days in a year 300Shifts Operational 1Hours per shift 8Initial year Capacity utilization 70%Production Capacity (Tons per Annum) 5Annual Production Capacity (Tons) 12,000Capacity Utilization growth rate 5%Maximum Capacity utilization 95%

REVENUE ASSUMPTIONSSales Price per 40 kg (Animal Feed Mill) 800Sales Price growth rate 5%

COST OF SALES ASSUMPTIONS Raw Material Cost growth rate 5%Packing Cost (Rs./Bag) 11Electricity Growth rate 5%Salaries Growth rate 10%Repair and Maintenance (as percentage of machinery) 1%Repair and Maintenance Growth Rate 5%Depreciation on Plant and Machinery 10%Depreciation on Land and Building 5%Depreciation on Furniture and Fixture 5%Depreciation on Motor Vehicle (Straight Line method) 10%



Operating AssumptionsTelephone and Telex (per month) Rs. 3,000 3000Administrative Expense growth rate 10% 10%Printing and Stationery (per month) Rs. 2,000 200Legal & professional charges (annual) Rs. 10,000 1000Traveling & conveyance (per month) Rs. 5,000 5000Marketing and Promotional Expenditures Rs. 5,000 5000Amortization of pre-operating expenses yrs. 5 5Tax rate 25% 25%

During the visit of Okara Research center for Livestock (Highlights)

Observing the Raw Material



Observing the Machinery at site with workers

Asking about Raw Material



Observing the Working of Hooper Elevator

Asking about the packing of Rashon Wanda



Observing the working of Hooper Mixture

Asking about the Packing and Weight per Bag



Asking bout the Molasses Ingredients

The Researchers with Director and Head of Department



Working of Hooper Mixture with Hooper Elevator

Asking about the consumption of Utilities


animal feed mill

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