Pre-Feasibility Study

(Modified CA Cold Storage 1000 MT)

Small and Medium Enterprises Development Authority

Ministry of Industries & Production
Government of Pakistan
www.smeda.org.pk

HEAD OFFICE
4th Floor, Building No. 3, Aiwan-e-Iqbal Complex, Egerton Road,
Lahore
Tel: (92 42) 111 111 456, Fax: (92 42) 36304926-7
[email protected]

REGIONAL OFFICE REGIONAL OFFICE

REGIONAL OFFICE REGIONAL OFFICE
PUNJAB SINDH KPK BALOCHISTAN

5TH Floor, Bahria Ground Floor Bungalow No. 15-A

3rd Floor, Building No. 3,
Complex II, M.T. Khan Road, State Life Building Chaman Housing Scheme
Aiwan-e-Iqbal Complex, Egerton
Karachi. The Mall, Peshawar. Airport Road, Quetta.
Road Lahore,
Tel: (021) 111-111-456 Tel: (091) 9213046-47 Tel: (081) 831623, 831702
Tel: (042) 111-111-456
Fax: (021) 5610572 Fax: (091) 286908 Fax: (081) 831922
Fax: (042) 36304926-7
[email protected] [email protected] [email protected]
[email protected]

June 2022
Pre-Feasibility Study Modified CA Cold Storage

Table of Contents
1 DISCLAIMER ................................................................................................................................. 1
2 EXECUTIVE SUMMARY ............................................................................................................... 2
3 INTRODUCTION TO SMEDA ........................................................................................................ 3
4 PURPOSE OF THE DOCUMENT .................................................................................................. 3
5 BRIEF DESCRIPTION OF PROJECT & PRODUCT .................................................................... 4
5.1 PRE-PROCESSING AND STORAGE PROCESS FLOW ......................................................................... 5
5.2 INSTALLED AND OPERATIONAL CAPACITIES .................................................................................... 6
6 CRITICAL FACTORS .................................................................................................................... 6
7 GEOGRAPHICAL POTENTIAL FOR INVESTMENT .................................................................... 7
8 POTENTIAL TARGET CUSTOMERS / MARKETS ...................................................................... 8
9 PROJECT COST SUMMARY ........................................................................................................ 8
9.1 PROJECT ECONOMICS .................................................................................................................. 8
9.2 PROJECT FINANCING .................................................................................................................... 9
9.3 PROJECT COST ............................................................................................................................ 9
9.4 SPACE REQUIREMENT ................................................................................................................ 10
9.5 MACHINERY & EQUIPMENT REQUIREMENT ................................................................................... 11
9.6 FURNITURE & FIXTURES REQUIREMENT....................................................................................... 13
9.7 OFFICE EQUIPMENT REQUIREMENT ............................................................................................. 14
9.8 OFFICE VEHICLE REQUIREMENT .................................................................................................. 14
9.9 HUMAN RESOURCE REQUIREMENT .............................................................................................. 15
9.10 UTILITIES AND OTHER COSTS .................................................................................................. 15
10 CONTACT DETAILS.................................................................................................................... 16
10.1 MACHINERY SUPPLIERS ......................................................................................................... 16
10.2 RAW MATERIAL SUPPLIERS .................................................................................................... 17
10.3 TECHNICAL EXPERTS / CONSULTANTS..................................................................................... 17
11 USEFUL WEB LINKS .................................................................................................................. 19
12 ANNEXURES ............................................................................................................................... 20
12.1 INCOME STATEMENT .............................................................................................................. 20
12.2 BALANCE SHEET .................................................................................................................... 21
12.3 CASH FLOW STATEMENT ........................................................................................................ 22
13 KEY ASSUMPTIONS ................................................................................................................... 23
13.1 OPERATING COST ASSUMPTIONS............................................................................................ 23
13.2 PRODUCTION COST ASSUMPTIONS ......................................................................................... 23
13.3 REVENUE ASSUMPTIONS ........................................................................................................ 23
13.4 FINANCIAL ASSUMPTIONS ....................................................................................................... 23

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Pre-Feasibility Study Modified CA Cold Storage

1 DISCLAIMER

This information memorandum is to introduce the subject matter and provide a

general idea and information on the said matter. Although, the material included in
this document is based on data/information gathered from various reliable sources;
however, it is based upon certain assumptions, which may differ from case to case.
The information has been provided on as is where is basis without any warranties or
assertions as to the correctness or soundness thereof. Although, due care and
diligence has been taken to compile this document, the contained information may
vary due to any change in any of the concerned factors, and the actual results may
differ substantially from the presented information. SMEDA, its employees or agents
do not assume any liability for any financial or other loss resulting from this
memorandum in consequence of undertaking this activity. The contained information
does not preclude any further professional advice. The prospective user of this
memorandum is encouraged to carry out additional diligence and gather any
information which is necessary for making an informed decision, including taking
professional advice from a qualified consultant/technical expert before taking any
decision to act upon the information.
For more information on services offered by SMEDA, please contact our website:
www.smeda.org.pk

Document Control

Document No. PREF-NO: 141

Revision No. 02
Prepared by SMEDA-Sindh
Revision Date June, 2022
Provincial Chief (Sindh)
For information
[email protected]

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Pre-Feasibility Study Modified CA Cold Storage

2 EXECUTIVE SUMMARY

Modified Controlled Atmosphere (CA) Cold storage is proposed to be located at

in any of the major cities across Pakistan. This project is designed for storing fruits
and vegetables using different compartments of the unit for storing multiple products,
where relative temperatures for respective products can be maintained
Product(s) include Apple, Mango Citrus and other fruits and vegetables.
Capacity; Installed capacity 1000 MT and initial utilization 500 MT, 50%
Total Cost Estimates is Rs.219.15 million with fixed investment Rs.215.11 million
and working capital Rs.4.06 million.
Given the cost assumptions IRR and payback are 22 % and 4.82 years respectively
The most critical considerations or factors for success of the project are:
 Most significant consideration(s)
 Careful selection of good location and purchase of land at competitive price.
 Effective marketing and distribution of the product particularly to the
exporters, industrial units and super store buyers.
 Complete adherence to best agronomic practices is critical to the success of
this project; therefore, technical knowledge & experience of the entrepreneur
in the field of horticulture and in fresh fruit processing business is absolutely
necessary.
 Ensure Energy efficient construction hence low operating/fuel costs due to
efficient insulation
 Equally important factor(s)
 Selection of quality fruits on the basis of best analysis of cost and revenues
for a given season; cost efficiency through better management.
 Awareness about HACCP standards and Strict Quality assurance of process
and products.

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Pre-Feasibility Study Modified CA Cold Storage

3 INTRODUCTION TO SMEDA

The Small and Medium Enterprises Development Authority (SMEDA) was

established in October 1998 with an objective to provide fresh impetus to the
economy through development of Small and Medium Enterprises (SMEs).
With a mission "to assist in employment generation and value addition to the national
income, through development of the SME sector, by helping increase the number,
scale and competitiveness of SMEs", SMEDA has carried out ‘sectoral research’ to
identify policy, access to finance, business development services, strategic initiatives
and institutional collaboration and networking initiatives.
Preparation and dissemination of prefeasibility studies in key areas of investment
has been a successful hallmark of SME facilitation by SMEDA.
Concurrent to the prefeasibility studies, a broad spectrum of business development
services is also offered to the SMEs by SMEDA. These services include
identification of experts and consultants and delivery of need based capacity building
programs of different types in addition to business guidance through help desk
services.

4 PURPOSE OF THE DOCUMENT

The objective of the pre-feasibility study is primarily to facilitate potential

entrepreneurs in project identification for investment. The project pre-feasibility may
form the basis of an important investment decision and in order to serve this
objective, the document/study covers various aspects of project concept
development, start-up, and production, marketing, finance and business
management.
The purpose of this document is to facilitate potential investors in Modified CA Cold
Storage 1000 MT by providing them with a general understanding of the business
with the intention of supporting potential investors in crucial investment decisions.
The need to come up with pre-feasibility reports for undocumented or minimally
documented sectors attains greater imminence as the research that precedes such
reports reveal certain thumb rules; best practices developed by existing enterprises
by trial and error, and certain industrial norms that become a guiding source
regarding various aspects of business set-up and it’s successful management.
Apart from carefully studying the whole document one must consider critical aspects
provided later on, which form basis of any Investment Decision.

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Pre-Feasibility Study Modified CA Cold Storage

5 BRIEF DESCRIPTION OF PROJECT & PRODUCT

Establishment of controlled atmosphere cold storage provides refrigerated storage

and preservation facilities for several fruits, vegetables & flowers. Because of
technology advancements and logistic strategies, the controlled atmosphere cold
storage of perishable items has become an important stage in the distribution
between manufacturers/processors and retail locations. The controlled atmosphere
cold storage will ensure the increased availability and improved quality of high value
perishable fruits and vegetables for both export and local sale, which would
otherwise perish or deteriorate. Following key parameters must be addressed as per
pre-feasibility study under preparation

 Technology: Cold storage is a used for storing produce such as vegetable and
fruits in an atmosphere that is considerably different from normal air with respect
to CO2 and O2 levels. The CO2 and O2 levels within gas tight stores are
monitored and adjusted to preserve the storage items. Due to metabolic activity
of the respiring fruits and vegetables in the store and leakage of gases through
doors and walls, the gas mixture will constantly change. The gases are therefore
measured periodically and adjusted to the predetermined level by the introduction
of fresh air or nitrogen or passing the store atmosphere through a chemical to
remove CO2.
 Location: CA Cold Storage can be set-up in any major city with significant
population such as Karachi, Hyderabad, Lahore, Rawalpindi, Islamabad, Multan,
Peshawar and Quetta preferably near Sabzi Mandi or fruit & vegetables trading
hub. This business can also be done in all small second tier towns in addition to
suburban towns of large cities. Moreover, the land will be purchased for the
project due to heavy investment.
 Product: In the proposed controlled atmosphere cold storage there would be a
capacity to store high end imported or local products which can be stored for a
duration of about 06 months and more. The proposed products would be Apple
and Kinow due to their storage life in CA cold storage up to six months.
 Target Market: Target market would be Growers, whole sellers, retailers, hyper
stores, Importers and Exporters of fruit and vegetables.
 Employment Generation: The proposed project will provide direct
employment to 09 people. Financial analysis shows the unit shall be profitable
from the very first year of operation.

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Pre-Feasibility Study Modified CA Cold Storage

5.1 Pre-processing and storage Process Flow

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Pre-Feasibility Study Modified CA Cold Storage

5.2 Installed and Operational Capacities

The proposed cold storage facility has a maximum storage capacity of storing 1,000
metric tons. It will be functional throughout the year. Proposed capacity utilization is
50%1 with annual growth rate of 10%. This growth rate would be capped at 95% in
5th year.

6 CRITICAL FACTORS

The main critical success factors that affect the decision to invest in the proposed
business setup are:
 Better insulation technology and compartmentalization of cold storage as
compared to the rest of the cold storages in Pakistan.
 Energy efficient construction hence low operating/fuel costs due to efficient
insulation.
 Compartmentalization i.e. compartments has the provision of storing different
commodities at their respective temperatures.
 Complete adherence to best agronomic practices is critical to the success of
this project; therefore, technical knowledge & experience of the entrepreneur
in the field of horticulture and in fresh fruit processing business is absolutely
necessary.
 Awareness about HACCP standards and Strict Quality assurance of process
and products.
 Selection of quality fruits on the basis of best analysis of cost and revenues
for a given season; cost efficiency through better management.
 Appropriate post-harvest arrangement for transportation of product to the
processing unit in case of ‘own stock’ business model.
 Appropriate storage arrangement and internal control for processed fruits;
cold chain refer container arrangements for transportation to local and
international markets.
 Properly trained seed staff should be engaged and comprehensive staff
training programs to be adopted for capacity building.
 Careful selection of good location and purchase of land at competitive price.
 Effective marketing and distribution of the product particularly to the
exporters, industrial units and super store buyers.

1
As suggested by KESTRAL

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Pre-Feasibility Study Modified CA Cold Storage

7 GEOGRAPHICAL POTENTIAL FOR INVESTMENT

Pakistan produces a variety of fruits and vegetables like potato, apple, mangoes,
dates, banana, cherries, kiwi, apricots, pomegranates, peas, carrots, etc. Pakistan's
total annual production of fruits amounts to nearly 7 million tons and that of
vegetables to approximately 7 million tons with approximately 4 million tons of potato
production2. However, it is estimated that in Pakistan 35%3 of fruits & vegetables
produced each year are lost because of poor harvest conditions. This loss if
calculated approximately amounts to 4.9 million metric tons and its estimated local
market value reaches somewhere near US $ 01 billion. The major reasons for this
loss are careless harvesting, rough handling, inadequate transportation, and storage
facilities.
Pakistan’s Agricultural lands in Punjab, Sindh receive all four seasons and therefore
throughout the year cultivation and harvesting of different vegetables, and fruits are
scattered evenly across the year. The harvest calendar of various fruits and
vegetables is given below

2
Pakistan Economic Survey, Ministry of finance
3
Sindh Board of investment

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Pre-Feasibility Study Modified CA Cold Storage

8 POTENTIAL TARGET CUSTOMERS / MARKETS

Most of the existing local Cold Storagess are constructed on locally developed
methods, which maintain a uniform temperature for all commodities stored. The
goods are not stored at their recommended relative storage temperatures and life,
and because of this, the quality of stored commodity is badly affected. Vegetables
and fruits require specialized post-harvest treatment, appropriate temperature and
relative humidity control for their proper & optimum storage, which most of the
existing local cold stores lack. Following are the potential customers of cold storage:
 Growers Wholesalers and Traders
 Importers and Exporters
 Retailers and/or Hyper stores

9 PROJECT COST SUMMARY

A detailed financial model has been developed to analyze the commercial viability of
this project. Various costs and revenue related assumptions along with results of the
analysis are outlined in this section.

9.1 Project Economics

All the figures in this financial model have been calculated for estimated sales of Rs.
-35.28 million in the year one. The capacity utilization during year one is worked out
at 50 % with 10 % increase in subsequent years up to the maximum capacity
utilization of 95 %.
The following table shows internal rate of return, payback period and net present
value of the proposed venture:

Table 9.1: Project Economics

Description Details

Internal Rate of Return (IRR) 22%

Payback Period (yrs.) 4.82

Net Present Value (Rs.) 137,129,919

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Pre-Feasibility Study Modified CA Cold Storage

9.2 Project Financing

Following table provides details of the equity required and variables related to bank
loan:

Table 9.2: Project Financing

Description Details
Total Equity (100%) Rs.219,156,543

9.3 Project Cost

Following fixed and working capital requirements have been identified for operations
of the proposed business:

Table 9.3: Project Cost

Description Amount Rs.
Capital Cost

Land (01 acre) 40,000,000

Building/Infrastructure 77,423,421

Machinery & equipment 89,328,115

Furniture & fixtures 614,750

Office vehicles 1,800,000

Office equipment 438,900

Pre-operating costs 3,410,000

Misc. & Contingency 2,096,052

Total Capital Cost 215,111,238

Working Capital
Equipment spare part inventory 2,000,000
Up-front Insurance Payment 545,305
Cash 1,500,000
Total Working Capital 4,045,305
Total Project Cost 219,156,543

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Pre-Feasibility Study Modified CA Cold Storage

9.4 Space Requirement

The space requirement for the proposed Modified CA cold storage is approx. 01 acre
and estimated by considering various facilities including management office,
production hall, storage, open space, etc. Details of space requirement and cost
related to land & building is given below:

Table 9.4: Space Requirement

Description Estimated Unit Cost Total Cost
Area (Rs.) (Rs.)
(Sq.ft.)

Office Block 1,000 2,000 2,000,000

Committee Room 500 2,000 1,000,000

Micro Lab, Lab & Office 600 2,000 1,200,000

Sorting & Grading Hall 10,000 2,000 20,000,000

Cold Storage 12,000 2,000 24,000,000

Machine Room 600 2,000 1,200,000

Lobby 480 2,000 6,000,000

Store 3,000 2,000 4,200,000

Dining 500 2,000 1,000,000

Kitchen 400 4,000 1,600,000

Masjid 500 2,000 1,000,000

Restrooms 600 4,000 1,800,000

Change Room 250 2,500 2,400,000

Guard Room 120 2,500 300,000

Total Building Cost 30,550 63,285,000

External Development

Pavement/driveway 8,000 100 800,000

Main Gate 1 150,000 150,000

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Pre-Feasibility Study Modified CA Cold Storage

Grounds Landscaping 5,000 80 400,000

Weighbridge Platform 1 1,500,000 1,500,000

Overhead Water Tank (Gallons) 5,000 500 2,500,000

Underground Water Tank (Gallons) 10,000 100 1,000,000

Boundary Wall 836 4,000 3,344,000

Misc. & Contingency 3% 2,189,370

Design & Supervision Charges 3% 2,255,051

Total External Development 14,138,421

Total Building & External 77,423,421

Development Cost

9.5 Machinery & Equipment Requirement

Plant, machinery and equipment for the proposed project are stated below:

Table 9.5: Machinery & Equipment

Description Quantity Unit Cost Total Cost
(Rs.) (Rs.)

1.0 INSULATION CHAMBERS

1.01 Insulation material Polyurethane, 18,524,000

CFC Free

1.02 Inter floor of ripening chambers 951,500

1.03 Assembling of panels, Inclusive 2,838,000

of fitment of profiles, filing and caulking
of silicon.

1.04 Sliding Doors 08 165000 1,320,000

1.05 Door for 40 feet container 1 125000 125,000

1.06 Door for Hino 02 70000 140,000

1.07 Humidification System 08 165000 1,320,000

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Pre-Feasibility Study Modified CA Cold Storage

1.08 CO2 exhaust system with fresh 08 660000 5,280,000

air, Air to air heat exchanger including
CO2 controller

1.09 Ethylene Generator 4 325000 1,430,000

1.10 Dock for Hino 2 71500 143,000

1.11 Dock for 40 feet container 1 110000 110,000

2. REFRIGERATION SYSTEM OF
COLD STORE

2.01 Condensing Unit (15 HP) 8 860000 6,880,000

2.02 Evaporator Unit 8 510000 4,080,000

2.03 Refrigeration system 8 137000 1,096,000

3. REFRIGERATION SYSTEM OF
RIPENING CHAMBERS

3.01 Condensing Unit (15 HP) 4 1370000 548,000

3.02 Evaporator Unit 8 528000 4,224,000

3.03 Refrigeration system 4 275000 1,100,000

SUB TOTAL 50,109,0500

Sales Tax 17% 8,518,615

TOTAL COST OF CA COLD 58,628,115

STORAGE

B. SORTING & GRADING LINE 10,000,000

Feeder, Brush Washer, Drying, Sorting
and Grading

Fork Lift 2000000 2,000,000

Generator 250KVA 1 5,000,000 5,000,000

Turbo Type, 250KVA, 400 Volts,
50 Cycles, 1500 RPM, Power Factor
0.8

Weigh Bridge 1 1,800,000 1,800,000

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Pre-Feasibility Study Modified CA Cold Storage

30 x 10 feet size, 60 tons capacity

Drums / Bins 14,000 850 11,900,000

Total 89,328,115

9.6 Furniture & Fixtures Requirement

Details of the furniture and fixture required for the project are given below:

Table 9.6: Furniture & Fixture

Description Quantity Unit Cost Total Cost
(Rs.) (Rs.)

Managers Tables along with side 2 30,000 60,000

tables

Manager / Officers Chairs 2 10,000 20,000

Visitor Chairs 8 10,000 80,000

Officers Tables along with side tables 5 25,000 125,000

File Racks 2 15,000 30,000

Sofa Set 2 40,000 80,000

Split Air-conditioner 1.5 Ton 2 100,000 200,000

Misc. & Contingency 5% 19,750

Total
614,750

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9.7 Office Equipment Requirement

Following office equipment will be required for CA Cold Storage facility.

Table 9.7: Office Equipment

Description Quantity Unit Cost Total Cost
(Rs.) (Rs.)

2 75,000 150,000
Computers with LCD

Printer 1 25,000 25,000

Scanner 1 8,000 8,000

Networking Equipment & Accessories 150,000

Telephone Sets 4 5,000 20,000

Fax Machine 1 15,000 15,000

Water Dispenser 1 20,000 20,000

Electric Water Cooler 1 30,000 30,000

Misc. & Contingency 20,900

Total
438,900

9.8 Office Vehicle Requirement

Following office vehicle will be required for the project.

Table 9.8: Office Vehicle

Description Quantity Unit Cost Total Cost
(Rs.) (Rs.)

Car (1000 cc) 1 1,800,000 1,800,000

Total 1,800,000

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Pre-Feasibility Study Modified CA Cold Storage

9.9 Human Resource Requirement

In order to run operations of CA Cold storage smoothly, details of human resources

required along with number of employees and monthly salary are recommended as
under:

Table 9.9: Human Resource Requirement

Description No. of Monthly Monthly
Employees Salary per Salary
person (Rs.) (Rs.)

Manager Plant 1 75,000 75,000

Manager Finance & Admin 1 50,000 50,000

Cold Store Operator 2 25,000 50,000

Lifter Operator 2 25,000 50,000

Office Boy 1 25,000 25,000

Guard 2 25,000 50,000

Total 09 300,000

9.10 Utilities and other costs

An essential cost to be borne by the project is the cost of electricity and fuel. The
electricity expenses are estimated to be around Rs. 8,398,571 per year, whereas,
fuel expenses are estimated to be Rs.480,468 per year (for fork lift and burner).
Revenue Generation
Based on the capacity utilization of 50 % sales revenue during the first year of
operations is estimated as under:

Table 9.10: Revenue Generation – Year 1

Description Average Rental Price Rs. (Incl Rental Revenue
Sorting and Grading) / kg (Rs.)
/month

Fruits 10 58,800,000

Total 58,800,000

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10 CONTACT DETAILS

In order to facilitate potential investors, contact details of private sector Service

Providers relevant to the proposed project be given.

10.1 Machinery Suppliers

Machinery Supplier - 1
Name of Supplier
Kold Kraft Refrigeration Ltd
/Organization

Address Plot No 83-A, Sector 27 Korangi Industrial Area, Karachi

Fax: +92-21-
Phone Tel: +92 300-0302887 Fax
35074858

E-mail [email protected]

Website www.koldkraft-refrigeration.com

Machinery Supplier - 2

Name of Supplier Frostec

/Organization

Suite # 605, Ibrahim Trade Tower, Shahra-e-Faisal,

Address
Karachi - Pakistan

Phone +92-21-34327620 Fax 92-21-34327619

E-mail [email protected]

Website www.frostecint.com

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Pre-Feasibility Study Modified CA Cold Storage

Machinery Supplier - 3
Name of Supplier
Helperco (Pvt) Limited
/Organization

Room # 3, 3rd Floor Al-Hafeez Tower, Shahra-e-Faisal

Address
Karachi-75530

Phone 92-21-35660920-22 Fax

E-mail [email protected]

Website www.helpercopvtltd.enic.pk

10.2 Raw Material Suppliers

Raw Material Supplier

Name of Supplier
Wax (Polish) Al-Aziz Enterprises
/Organization

Address 10-km,Lahore Road, Sargodha

Phone +92-300-9606642 Fax

10.3 Technical Experts / Consultants

Technical Experts / Consultants - 1

Name of Expert
Durrani Associates
/Organization

Address Opposite Baqai University, Super Highway, Karachi

Phone 92-21-34410231 Fax

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Pre-Feasibility Study Modified CA Cold Storage

Technical Experts / Consultants - 2

Name of Expert
Dr. M. Aslam Pervez
/Organization

Director Institute of Horticultural Sciences, Facility of

Address
Agriculture, University of Agriculture Faisalabad

Phone +92-41-9201281 Fax

Technical Experts / Consultants - 3

Name of Expert
Imtiaz Enterprises
/Organization

2 & 3, Karachi Market, New fruit Vegetable Market, Super

Address
Highway, Karachi

Phone 92-21-36870451-3 Fax

Technical Experts / Consultants - 4

Name of Expert Pakistan Cold Chain Development Company

/Organization

Address: 106 / 3 Block C, Model Town, Lahore

Address
Post Code: 54700

Email [email protected]

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Pre-Feasibility Study Modified CA Cold Storage

11 USEFUL WEB LINKS

Links of Federal & Provincial Government, Semi Government and other (sector &
Cluster based) Development organizations are to be given under this heading so to
enable potential investors to get benefit from the services offered. Web links of
various organizations are given as example however, links of only relevant
organizations should be given;

Small & Medium Enterprises Development Authority (SMEDA) www.smeda.org.pk

Government of Pakistan www.pakistan.gov.pk
Ministry of Industries & Production www.moip.gov.pk
Ministry of Education, Training & Standards in Higher http://moptt.gov.pk
Education
Government of Punjab www.punjab.gov.pk
Government of Sindh www.sindh.gov.pk
Government of Khyber Pakhtunkhwa www.khyberpakhtunkhwa.gov.pk
Government of Balochistan www.balochistan.gov.pk
Government of Gilgit Baltistan www.gilgitbaltistan.gov.pk
Government of Azad Jamu Kashmir www.ajk.gov.pk
Trade Development Authority of Pakistan (TDAP) www.tdap.gov.pk
Security Commission of Pakistan (SECP) www.secp.gov.pk
Federation of Pakistan Chambers of Commerce and Industry www.fpcci.com.pk
(FPCCI)
State Bank of Pakistan (SBP) www.sbp.org.pk
Punjab Small Industries Corporation
www.psic.gop.pk
Sindh Small Industries Corporation
www.ssic.gos.pk
Pakistan Horticulture Development and Export Company
www.phdec.org.pk
(PHDEC)
Punjab Vocational Training Council (PVTC)
www.pvtc.gop.pk
Technical Education and Vocational Training Authority
www.tevta.org
(TEVTA)
Pakistan Readymade Garment Technical Training Institute
www.prgmea.org/prgtti/
Livestock & Dairy Development Department, Government of
www.livestockpunjab.gov.pk
Punjab.
Punjab Industrial Estates (PIE)
www.pie.com.pk
Faisalabad Industrial Estate Development and Management
www.fiedmc.com.pk
Company (FIEDMC)

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12 ANNEXURES

12.1 Income Statement

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12.2 Balance Sheet

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12.3 Cash Flow Statement

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13 KEY ASSUMPTIONS

13.1 Operating Cost Assumptions

Description Details

No. of Working Days in One Year 360

No. of Working Hours in One Day 24

13.2 Production Cost Assumptions

Description Details

Starting Storage Capacity Utilization 50%

Maximum Storage Capacity Utilization 95%

Capacity Utilization Growth Rate / Yr. 10%

13.3 Revenue Assumptions

Description Details

Rental Price /kg/month (Incl. sorting & grading) Rs. 06

Sale Price Growth Rate 07%

13.4 Financial Assumptions

Description Details

Debt 0%

Equity 100%

Required Rate of Return on Equity 10%

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