Feed Processing Plant

1.Importance of feed in livestock sector

The success of livestock farming is largely dependent on the continuous supply of good
quality nutritious feeds at competitive price. Feed alone constitute about 60-70 per cent
of total cost of production of livestock products. Therefore, it needs more attention
though other factors are also important for remunerative return from livestock
enterprises. The farmers used to feed the crop residues to the cattle and buffaloes,
however, sheep and goat are normally maintained on grazing/browsing with
supplementary feeding of broken grains/other byproducts. Therefore, feeding of
balanced concentrate feed to these animals was not common, because of low
productivity and unremunerative prices for the livestock products. The improved poultry
is fed only with concentrated feed. The requirement of food of animal origin like milk,
meat and eggs is increasing at a faster rate due to increased awareness about the
significance of protective proteins for the maintenance of human health. The farmers
realised the importance and started rearing good quality and high productive
animals/birds under stall fed conditions.

2.Scope for feed industry

2.1 With the increased demand for livestock products for domestic consumption as well
as export, the farmers realised maintaining of quality animals with proper feeding and
management. The proportion of crossbred animals or improved strains of birds
increased over the years. This has necessitated higher demand for balanced
concentrate feed. Presently, various milk unions, poultry corporations/ federations and
private companies are supplying both cattle and poultry feed of different qualities and
forms (mash/ pellets/ crumbles) to the farmers. Large size poultry farm/dairy farm
owners, hatcheries and cooperative poultry units are normally manufacturing their own
feed by installing the necessary plant and machinery on the farm. Some of the farmers
are still feeding broken grains, cakes, gur, salt,etc. to dairy animals by mixing at home.

2.2 The compounded feed manufactured by CLFMA (Compounded Livestock Feed

Manufacturers Association) members during 1998-99 was 3.16 million tonnes. The feed
production under organised sector since 1965 is given in Annexure-I. The demand-
supply position for various feeds is given in Annexure - II. The present supply is only
half of the total requirement. Moreover, the demand for small ruminants (goat and
sheep) under stall fed conditions, rabbits and pigs is not estimated. Considering their
requirements, the gap is much more.

2.3 The feed production could not keep pace with the growth in various species of farm
animals and poultry. To meet the growing demand of processed and complete feeds for
different class of animals, the unconventional feeds should also be used in the rations
through proper processing for removal of anti nutritional factors. Thus, it indicates that
there is a good scope for setting up feed processing plants of different capacities for
production of various quality feeds.

3.Financial assistance for feed industry

3.1 NABARD is an apex institution for all matters relating to policy, planning and
operations in the field of agricultural credit. It serves as a apex refinancing agency for
the institutions providing investment and production credit. It promotes development
through formulation and appraisal of projects through a well organised Technical
Services Department at HO and Technical Cells at each of the ROs.

3.2 Loans from banks with refinance facility from NABARD are available for starting
feed processing plants. For obtaining the bank loan, the entrepreneurs/companies
should apply to the nearest branch of the commercial or cooperative or regional rural
banks in their area in the prescribed application form which is available in the branches
of financing banks. The entrepreneurs are also required to submit a detailed project
report for which they can also take the help or guidance of the technical officers
attached to the bank.

3.3 For feed processing plant with very large outlay, a detailed project reports will have
to be prepared. The model format for formulation of bankable project is given in para 4.
Banks provide financial assistance for the following purposes.

(a) Construction of factory building, godowns for raw materials as well as for finished
products, office, canteen, generator room, essential quarters, etc.

(b) Purchase of equipments such as grinder, feed mixer, pelletizer, elevators, feed
packing units, etc.

(c) Miscellaneous equipments such as transformer, generators, weighing scales

vehicles, etc.

(d) Margin money for working capital requirement for one cycle of operation.

The cost of land is not considered for loan. However, if land is purchased for
establishing a feed processing plant, land cost can be treated as party's margin money
upto a maximum of 10 per cent of the total cost of project.

3.4. Scrutiny of Scheme by the Bank:

After the scheme is submitted to the Bank, it is examined for technical feasibility and
economic viability.

(a) Technical Feasibility: This would briefly include:

(i) Availability of raw material such as grains, brans, oil cakes, mineral mixture,
molasses, fish meal, vitamins, etc.

(ii) Feed formulation and technical norms

(iii) Infrastructure available for feed testing, procurement of raw material, marketing of
different feeds, experience of the entrepreneur.

(b) Financial Viability: This would briefly cover:

(i) Project outlay, sources of funds and loan requirement

(ii) Raw material cost, expenses on fuel, labour, transport commission to be paid and
other overheads

(iii) Output costs i.e. quantity and sale price of different feeds, number and sale price of
empty gunny bags.

(iv) Income Expenditure statement and annual gross surplus

(v) Cash flow analysis - Benefit Cost Ratio(BCR), Net Present Worth (NPW) and
Internal Rate of Return (IRR)

(vi) Repayment Schedule i.e. Repayment of principal loan amount and interest

Other documents such as loan application forms, security aspects, margin money
requirements, etc. are also examined. A field visit to scheme area is undertaken for
conducting techno economic feasibility study for appraisal of the scheme.

3.6. Sanction of Bank loan and its disbursement:

After ensuring its technical feasibility and financial viability, the scheme is sanctioned by
the Bank. The loan is disbursed in two or three stages against construction of various
civil structures, purchase of plant and machinery, miscellaneous fixed assets and
margin money for working capital requirements. Constant follow up and supervision of
the scheme is done by the Bank.

3.7. Lending terms

i) Unit Cost:

The Unit Cost depends upon the capacity of the feed mixing unit, type of feeds to be
manufactured and also the infrastructure required.

ii) Margin Money:

In case if the feed mixing unit is integral part of the commercial poultry or dairy scheme,
the down payment is based on the category of beneficiary. However, in respect of feed
processing plant of larger size, the margin money is normally 25 per cent of the total
cost of the project.

iii) Interest Rate:

It depends upon the RBI guidelines and also the individual banks. The present rate of
interest for Rs.2.00 lakhs and above is linked to primary lending rates of banks which
varies with the type of investment, beneficiary and also the credit rating.

iv) Security:

Security will be as per RBI guidelines issued from time to time.

v) Repayment period of loan:

It depends upon the gross surplus generation in the scheme. The loan will be repaid in
suitable monthly or quarterly instalments usually within a period of 5-7 years. Wherever
required, the grace period is also considered.

vi) Insurance:

The building and other assets such as poultry sheds, equipments may be insured
against natural calamities.

4.Format of bankable project for feed plants

4.1 Introduction:

It should cover the name of the company, location of plant, activities, products, capacity
of plant and project outlay

4.2 Company :

It should cover the location of registered office, date of formation, registration and
authorised share capital. It should also cover the date of incorporation and
commencement of business, the objectives, areas of operation, subscribed share
capital.

4.3 Promoters and their background:

Name and address of promoters, their background, experience and net worth.

4.4 Management of the company:

Persons looking after the day to day management, their background, experience,etc.
should be covered.

4.5 Project profile:

i) Land and location:

This should cover the area of land, location of the plant, distances from nearby town,
availability of approach roads, power and water supply and other communication
including schools, banks, hospitals,etc.

ii) Civil Structures:

Name of the Architect, type of structures proposed, drawings and detailed cost analysis
of various civil structures along with the present position of implementation may be
indicated. The technical specifications of civil structures are given in Annexure - III.

iii) Plant and Machinery:

The major plant and machinery (imported and indigenous separately), sources of
supply, specifications and quotations for various items of equipment need to be given.
List of major suppliers of feed plant machinery is given in Annexure - IV.

iv) Technical collaboration:

The name of the technical collaborators for monitoring and marketing of the products
along with their addresses and the type of collaborations should be indicated. Technical
collaboration fee/royalty to be paid should also be indicated.

v) Manufacturing process:

It should cover the manufacturing process of feed (mash/ pelleted feed) in the form of
flow chart, proportion of various feeds to be manufactured and the composition of the
different feeds.

vi) Infrastructural facilities:

a) Raw Material:

The feed ingredients (grains, cakes, brans, fish meal, molasses, vitamins, minerals,
etc.), source and method of procurement, basis of price fixation, agreements if any for
regular supply of raw material may be indicated. BSI standards for feed ingredients are
given in Annexure - V. Average nutritive values of common feed ingredients and the
reasonable levels for their inclusion are given in Annexure - VI and VII respectively.
b) Packing material :

The type of packing material required (jute/plastic bags), source of supply, capacity and
price of bag, approximate quantity required per month and method of purchase need to
be furnished.

c) Utilities:

* Power: The total power requirement of the unit, source of power supply, position of
power supply in the area and stand by arrangements made by the company, whether
permission is obtained or applied to the State Electricity Board for power connection.

* Water: The source of supply, quantity available vis-a-vis daily requirement and
arrangements made for supply of water.

* Fuel: The requirement of coal, diesel and gas, source of supply, adequacy of
availability and cost of material may be mentioned.

* Steam: Quantity required, source and capacity of boiler.

* Transportation: The mode of transportation of raw material as well as feed, whether

owned or hired vehicles, availability of vehicles and cost per kilometer.

* Laboratory: Whether the company is planning to set up a laboratory for testing the raw
material as well as feed, specification of laboratory equipment, quality and cost, the
proposed tests to be carried out and the adequacy of man power for carrying out these
tests.

vi) Pollution Control:

The type of measures proposed for controlling the air pollution inside the unit and also
for the employees of the company.

vii) Man power:

It should cover the technical skill and unskilled labourers required, their availability and
source, method of recruiting them and also their salary structures/wage rates should be
mentioned.

4.6 Marketing and business prospects:

a) The product mix, capacity of the plant, year-wise capacity utilisation and actual
quantity of products produced per year.

b) Areas of marketing of the product and strategies i.e. Talukas, district or state-wise
quantities proposed for sale, methods of sale, agencies/contractors, method of
transportation of products, incentives or commission proposed to be paid, expenditure
on publicity and brand name should be indicated. It should also cover the proposed
marketing network in terms of staff and material.

c) Market survey for raw materials as well as for the products to be sold covering the
demand/supply position, other sources of supply of products, the average price of
products for the last 4-5 years and also the potential for selling the products should also
be covered.

4.7 Socio-economic benefits: The number of villages, farmers and number of animals
benefited and also number of persons employed either directly or indirectly in this
activity.

4.8 Schedule of Implementation:

The proposed implementation schedule of the scheme may be indicated starting from
purchase of land till commercial production.

4.9 Swot Analysis:

The strengths, weaknesses, opportunities and threats should be discussed separately.

4.10 Project cost:

i) Land:

Area of land, cost of land and conversion charges

ii) Site and land development:

It should cover the land levelling, fencing/compound wall, internal roads, drainage, etc.
The specifications, unit cost and the total cost should be furnished.

iii) Civil structures:

The civil structures comprises of factory building, raw material and finished products
godowns, office, laboratory, quarters, garage, canteen, etc. Detailed plan lay outs along
with cost estimates certified by the Engineer should be given.

iv) Plant and machinery:

Imported/indigenous components, major suppliers, quantities, unit cost and the total
cost of the plant and machinery including the misc. equipments should be given. The
quotations along with the specifications are required to be enclosed.
v) Electrical system:

Covering transformer, diesel generators, internal and external electrification and also
the deposits to be paid to the State Electricity Boards. The specifications of transformer
as well as generators along with the quotations should be furnished. With reference to
electrification - the break up is required to be given.

vi) Water supply and other utilities:

Source of water, specifications and expenditure on water supply system, cost of boilers
for steam generation, etc.

vii) Vehicles:

Number and cost along with justification on requirement of the various vehicles, price
quotations from the dealers along with specifications should be furnished.

viii) Pre-operative and preliminary expenses:

The item wise cost and justification should be given.

ix) Contingencies:

Percentage of contingencies and its reasonableness

x) Margin money for working capital:

The margin money for working capital may be worked out taking into account the
requirements of various raw material, packing material, fuel, etc., finished products and
sundry debtors for one cycle of operation.

4.11 Sources of Finance:

The total project cost and source of funds (equity/public issue, subsidy, loan, etc. should
be furnished.

4.12 Techno economic parameters:

Should cover the capacity of the plant, year wise capacity utilization, quantity of feed
manufactured, commission on sale of feed, transportation charges, power and fuel
charges, packing material charges, salaries and wages, marketing expenses and other
overheads. The procurement prices of various ingredients as well as the sale price of
various brands of feed should be indicated.
4.13 Economics of the project and cash flow analysis:

Considering the capacity utilization and also the various techno economic parameters,
the income and expenditure streams have to be worked out to arrive at the gross profit.
From the cash flow analysis, the Benefit Cost Ratio (BCR), Net Present Worth (NPW)
and Internal Rate of Return (IRR) of the project may be worked out to establish the
economic/financial viability of the project.

4.14 The model economics for feed plant with a capacity to manufacture 100 MT per
day are given in statements 1-10 as per the requirements specified in previous
paragraphs.

4.15 Documents and clearances required:

Site Plan, structural drawings, quantities and detailed cost analysis of various civil
structures certified by an Architect, Price quotations and specifications for various items
of plant and machinery, Approval from State Electricity Board for load connection, NOC
from Panchayat, approval from Inspector of Factories, Registrar of Copy Rights,
approval for brand registration, Registration of Company, Memorandum of Articles of
Association, Registration of Unit under SSI (If applicable), permission for procurement
of molasses, agreement between the Company and the collaborator for technical
assistance and market survey report.

5.Information sources and training facilities

Further reference list of books/periodicals on cattle and poultry feeds is given in

Annexure - VIII. The addresses of training centres on feed formulation and quality
control are given in Annexure - IX.

6.Checklist for financing cattle/poultry feed projects

(To be completed by the Executive/Officers of the Bank forwarding the Scheme)

1. Articles of Association and Memorandum of

the Company/Corporation ------------

2. Balance Sheets and profit and loss statements

for last 2-3 years for the existing companies ------------

3. Profile of Directors of Company ------------

4. Project cost and sources of funds ------------

5. In case of consortium, names of banks participating

in consortium ------------

6. Details of site, availability of land, electricity and water -----------

7. Availability of raw materials - Feed ingredients'

source of supply and costs -----------

8. Capacity of the feed plant per shift, no. of shifts

and capacity utilisation over years -----------

9. Type of feeds and quantities proposed to be manufactured -----------

10. Market survey report for raw material as well as

finished products ------------

11. Marketing strategy and net work for the sale of feed ------------

12. Technical and other man power requirement

availability and their salary structure ------------

13. Techno economic parameters for working

out the economics of the project ------------

14. Cash flow and profitability statement ------------

15. Break even point and income generation ------------

16. Arrangements for working capital requirements ------------

17. Undertaking from State Govt. for meeting the

deficit if any and also for repayment of loan

and interest if it is a corporation activity ------------

18. Licenses/approvals/permissions required

from the concerned departments -----------

19. Site plan of the area -----------

20. Detailed drawings and cost estimates for all items

of civil works signed by qualified engineers. ------------

21. Detailed specifications and cost of utilities ------------

22. Detailed specifications of each of equipment/

machinery and its cost based on market data/quotations ------------

23. Detailed list and cost of imported items

of equipment and license for import ------------

24. Implementation schedule and the mode of

execution of work i.e. Departmentally/

labour contract/turnkey basis -----------

Annexure - I

Growth pattern in production of compounded feeds by CLFMA members

Year Cattle and other Feeds Poultry feeds Total feed

Production % to total Production % to total Production

(000 tonnes) (000 tonnes) (000 tonnes)

1,965 53.30 67.73 25.40 32.27 78.70
1,970 125.40 59.80 84.30 40.20 209.70
1,975 275.30 65.67 143.90 34.33 419.20
1,980 549.90 61.09 350.20 38.91 900.10
1,985 867.30 63.30 502.80 36.70 1370.10
1,990 1324.50 61.29 833.70 38.71 2161.20
1991-1992* 1479.20 61.07 942.80 38.93 2422.00
1992-1993* 1475.30 63.09 863.10 36.91 2338.40
1993-1994* 1370.80 61.00 876.50 39.00 2247.30
1994-1995* 1465.10 57.69 1074.60 42.31 2539.70
1995-1996* 1542.80 54.89 1267.80 45.11 2810.60
1996-1997* 1528.60 52.03 1409.00 47.97 2937.60
1997-1998* 1430.70 51.54 1345.00 48.46 2775.70
1998-1999* 1488.20 46.73 1696.60 53.27 3184.80
1999-2000 1302.30 44.46 1600.70 55.14 2903.00
2000-2001 1274.80 45.62 1519.30 54.38 2794.10

* April to March of the years indicated

Annexure - II

Demand for cattle and poultry feeds and supply by CLFMA members

Population in millions

Feed in million tonnes

Particulars 1994-95 1995-96 1996-97 1997-98 1998-99 1999-2K

Estimated cattle
population :
Cattle Population
CB cows
Animals in milk 27.874 27.875 27.876 27.878 27.879 27.88
Dry animals 33.583 33.584 33.586 33.588 33.589 33.591
Buffaloes
Animals in milk 24.570 24.571 24.572 24.574 24.575 24.576
Dry animals 15.266 15.267 15.268 15.268 15.269 15.27
Cattle feed
requirement
CB cows
Animals in milk 7.156 7.156 7.156 7.157 7.157 7.157
Dry animals 2.155 2.155 2.156 2.156 2.156 2.156
Buffaloes
Animals in milk 12.232 12.233 12.234 12.234 12.235 12.235
Dry animals 1.900 1.900 1.900 1.900 1.900 1.901
A. Total cattle feed 23.443 23.445 23.446 23.447 23.448 23.449
requirement
Poultry population
Commercial layers 118 123 127 133 137 145
Commercial broilers 532 532 585 600 612 625
Layer parents 1.18 1.23 1.27 1.33 1.37 1.45
Broiler parents 3.8 3.8 4.18 4.29 4.37 4.46
Poultry feed
requirements
Commercial layers 5.61 5.84 6.03 6.32 6.51 6.89
Commercial broilers 1.76 1.76 1.93 1.98 2.02 2.06
Layer parents 0.06 0.06 0.06 0.07 0.07 0.07
Broiler parents 0.25 0.25 0.27 0.28 0.28 0.29
B. Total poultry feed 7.67 7.91 8.3 8.64 8.88 9.31

requirements
C. Total of cattle and 31.11 31.351 31.744 32.089 32.328 32.762

poultry feed
requirement

(A + B)
Supply of livestock 2.54 2.81 2.91 2.76 3.16 2.90
feed

from CLFMA members

Annexure -III

Technical Requirements of Civil structures

1. Site Plan

A detailed site plan indicating the following information should be furnished:

- Area of the land

- Boundary conditions and approach road

- Layout, location of various existing and proposed

structures indicating with different colours (preferably)

2. Drawings and rate analysis

Structural and Architectural drawings of each item of civil constructions, measurement

sheet, abstract of measurement and estimate of work rates approved in the schedule of
rates, current market rates and analysis of rates applied to site conditions should be
provided.
3. Development and Construction works

3.1 Land Development

The type of development, earth work and the cost should be given. Care should be
taken to limit the cost by assessing the area - requirement for various construction
works.

3.2 Fencing

Fencing can be of barbed wire with angle iron/ R.C.C./ Stone/ Wooden poles or chain
link or boundary wall. The prevailing cost of these fences/wall may be considered.

3.3 Roads

Normally, Water Bound Macadam (WBM) roads are adequate. Normal road width of 15
to 20 ft. is sufficient. The total length, width and the height of the road along with the
prevailing cost may be furnished.

3.4 Civil Structures:

i) Godown: For raw material and finished products. Normally, the raw material godown
with a capacity to hold ingredients for a period of 45 days is considered. For storing 200
kg. of raw material, roughly one sq.ft. area is required. Similarly, in case of finished
products (feed) also, for storage of one week production the godown may be
considered.

ii) Silos : The silos for storage of grains may also be considered in case of large size
plants. The silos may be of cement or aluminum or steel structure.

iii) Factory Building: Depending upon the capacity of the plant, the factory building area
may also be considered. Normally, for a 10 tonne per day capacity plant, an area of 600
sq.ft. is sufficient. In case of automatic plants, higher areas may be considered which
includes the ingredient bins, elevators and control panel areas, etc.

iv) Laboratory: For proximate analysis of ingredients as well as finished product it is

essential to have own laboratory in case of large size processing plants. An area of 500-
600 sq.ft. may be considered for such laboratory purpose.

v) Office Building: It depends upon the number of staff to be positioned in office for a
plant with a capacity to handle 100 tonnes per day, an office area of 800-1000 sq.ft. is
approximately sufficient.

vi) Store Room: It depends upon the capacity of the plant. A separate store may be
considered for other equipments and vitamins, growth promoters,etc.
vii) Generator Room: 200-400 sq.ft. area for a generator is sufficient.

viii) Security Post: A Security Post at the entrance is essential to control the movement
of trucks as well as the mobility of staff.

ix) Quarters:

Manager: Plinth area of 700-800 sq.ft. area is adequate for the purpose.

Supervisor: A maximum plinth area of 400 sq.ft. may be considered.

Labour and other staff: 200 sq.ft. area is adequate.

The quarters are normally considered only for the essential staff who are required to be
on the site/plant.

x) Weigh bridge : For the weighment of ingredients and the finished products, a weigh
bridge is essential at the entrance.

xi) Raw Material drying area: For drying of the grains to reduce the moisture levels to
the extent required for a longer time. The drying area depends upon the capacity of the
plant and the quality of grains to be stored.

4. Minor Irrigation Structures

Source of water and the expenditure on MI structures like well, motor, pipeline, water
tanks,etc. may be considered.

Annexure - IV

List of major suppliers of Feed Plant Machinery

1 Ashok Engineering Works 11 Khare Engineering Industries

Behind Satkar Hotel, C -17, Industrial Estate Coop.Society

Bankapur Chowk, Miraj 416 410

Poona-Bangalore Road, Hubli 580

020
2 B I Industries 22-1-1040/9, 12 Kiran Engineering Works

Derulshafa Main Road G T Road, Batala - 143 505, Punjab

Hyderabad 500 024

3 B K Allied Industries 13 Paragon Enterprise Industries

G T Road, Near Water Tanks 27,GIDC Industrial Estate

Khanna - 141 401, Punjab Nandesari-391340

Baroda Dist. Gujarat

4 Buhler (India) Ltd. 209, 14 Power Tech

T V Industrial EstateS K Ahire Marg, 900/1/A,GIDC, Makarpura,

Worli, Mumbai 400 028
Baroda 390 010
5 Cremach Designs 15 Precision products

893/4, GIDC Industrial Estate Plot No.2007, Phase IV

Makarpura, P B No.802
GIDC Estate Vatva,
Baroda 390 010
Ahmedabad 382 445
6 Forms and Gears 16 Shakti Engineering Works

L -3 , Industrial EstateGuindy, G T Road, Batala 143 505, Punjab

Madras 600 032

7 Hard case Engineering Works Ltd. 5- 17 Spectoms Engineering Pvt Ltd.
3-325, Lalaji Meghaji Compound
Purushottam Estate
M G Road,
Bahvcharaji Road
Secunderabad - 3
Baroda 390 018
8 Indian Fabricators 18 Sri Guru Siddheshwar Engineering
Works, Karwar Road,
Phase IV Plot No.1305/1,
Near INDI Pump
GIDC Industrial EstateNaroda,
Ahmedabad 382 330 Hubli - 580 024, Karnataka
9 Jaspal Steels & Allied Industries, 19 Standard Equipment Co.
Chandigarh Road
Jandiala Road, Taran Taran
P B No. 73, Khanna 141401, Punjab
Amritsar - 143 401Punjab
10 Jaymes Engineering Co.Ltd. 20 Troika Processes Ltd.
 Great Western Building 607, Embassy Centre

130-132, Shahid Bhagat Singh Rd. Nariman Point

Mumbai 400 023. Mumbai 400 021.

Annexure - V

BIS Standards for Feed/Ingredients

1. Animal feeds and feeding stuffs,

-glossary of terms for IS :9703-1980

-methods of test for : General methods IS:7874 (Pt I)-1975

-minerals and trace elements IS:7874(PtII)-1975

-microbiological methods IS:7874(Pt III)-1975

-methods of sampling for aflatoxin analysis IS:13246:1992

-determination of aflatoxin B-1 content IS:13427:1992, IS 6651-1989

-determination of calcium: Titrimetric method IS:13433(PtI)-1992;

-Atomic absorption method IS:13433(PtII)-1992

-determination of calcium and

magnesium in mineral supplements IS: 13574-1992

2. Blood meal IS : 7060-1973

3. Bone meal - IS: 1942-1968, IS:7061-1973(calcined)

4. Coconut Oilcake - Expeller pressed IS:2154-1986

Solvent extracted IS:3592-1985

5. Cottonseed Oilcake - Expeller pressed IS:1712-1982

solvent extracted IS:3592-1985

6. Dicalcium phosphate, animal feed grade IS:5470 -1969

7. Fish meal IS:4307 - 1983

8. Fodder yeast IS:3198 - 1965

9. Gram - chuni IS:3161 - 1965

- husk IS:3162 - 1965

10. Groundnut oilcake as livestock feed ingredient

- Expeller pressed IS:1713 - 1986

- solvent extracted IS:3441 - 1982

11. Guar meal IS: 4193 - 1986

12. Linseed oilcake as livestock feed ingredient

- Expeller pressed IS:1935 - 1982

-solvent extracted IS:3440 - 1985

13. Maize - bran IS:2153 - 1985

- germ oilcake IS:2151 - 1985

- gluten feed IS:2152 - 1972

14. Malt sprouts as livestock feed ingredient IS:11586 - 1986

15. Mango seed kernel IS:10671 - 1983

16. Meat meal as livestock feed ingredient IS:5065 -1986

17. Mustard and rape seed oilcake IS:1932 - 1986

18. Nigerseed oilcake, solvent extracted IS:5862 - 1970

19. Par boiled rice bran as livestock feed ingredient IS:9867 - 1981

20. Poultry, Nutrient requirements for IS:9863 - 1992

21. Rice bran IS:3648 - 1975

-solvent extracted IS:3593 - 1979

22. Rice polish IS:3163 - 1965

23. Safflower (kardi)oilcake

-Expeller pressed IS:2503 - 1886

-solvent extracted IS:6242 - 1985

24. Salseed meal, solvent extracted IS: 7059 - 1973

25. Sesamum (til) oilcake as livestock feed ingredient IS:1934 - 1982

26. Silk worm pupae, dry IS:6107 - 1971

27. Solvent extracted nigerseed oilcake (meal) IS: 5862 - 1970

28. Solvent extracted sal seed meal IS:7059 - 1973

29. Solvent extracted soyabean oilcake (meal) IS:10657 - 1983

30. Sunflower oilcake; undecorticated

-as livestock feed ingredient IS:10147 - 1982

-decorticated IS:10165 - 1982

31. Tapioca IS:1509 - 1972

32. Spent pulp IS: 5064 - 1980

33. Tur - chuni IS: 3160 - 1965

- husk IS: 5063 - 1969

34. Wheat bran IS: 2239 - 1971

Annexure - VI

Average Nutritive Values of common feed ingredients (Dry Matter basis)

No. Botanical name Common CP DCP TDN DE ME

name
(%) (%) (%) MCal MCal
A CEREAL GRAINS
1 Avena Sativa Oats, Jai 10 7.5 80 3.5 2.8
2 Eleusine coracana Finger millet 10 7.0 70 3.1 2.5
3 Hordeum vulgare Barley, Jav 11 7.7 85 3.7 3.1
4 Oryza sativa Rice, Chawal 8 6.0 85 3.7 3.2
5 Panicum millaceum Proso millet 6 4.0 70 3.1 2.5
6 Pennisetum typhoides Pearl millet 12 6.0 65 2.8 2.3
7 Sorghum bicolor sorghum, 12 6.6 85 3.7 3.2
Jowar
8 Triticum aestivum Wheat 13 9.0 87 3.8 3.4
9 Zea mays Maize, 10 7.0 85 3.7 3.3
Makka

B LEGUMINOUS
SEEDS
1 Cajanus cajan Pigeonpea 20 14.5 75 3.3 2.7
2 Cicer arietinum Chickpea, 20 14.0 85 3.7 3.2
Gram
3 Cyamopsis Cluster bean 30 22.5 79 3.5 2.8
tetragonolobo
4 Dolichos lablab Hyacinth 17 10.2 70 3.1 2.5
bean
5 Gossypium spp. Cotton seed 18 12.5 88 3.8 3.3
6 Glycine max. Soyabean 40 37.0 90 4.0 3.4
7 Lathyrus sativus Khesari 29 22.0 85 3.7 3.2
8 Lens esculenta Lentil, 25 20.0 80 3.5 2.9
Masoor
9 Phaseolus aconitifolius Moth bean 27 22.0 82 3.6 2.9
10 Paureus Green gram 26 20.0 82 3.6 2.9
11 P.radiatus Black gram 19 14.0 78 3.4 2.9
12 P.calcaratus Rice bean 21 15.0 73 3.2 2.7
13 Vigna sinensis Cowpea, 26 20.0 75 3.3 2
Lobia
C OIL SEEDS
1 Arachis hypohaea Groundnut 30 23.0 130 5.8 5.0
seed
2 Brassica spp. Mustard, 22 20.5 112 5.0 4.5
Rape
3 Lunium usitatissium Linseed, Flex 19 15.5 118 5.2 4.3
4 Sesamum indicum Sesame, Til 24 19.5 125 5.5 5.0
D NONCONVENTIONAL
 SEEDS
1 Acacia nilotica Babul 14 10.2 65 3.0 2.6
seed/pod
2 Cannabina Seeds 33 --- --- --- ---
3 Cassia tora Chakunda 18 12.5 88 3.9 3.2
4 Crotalaria juncea Sunhemp 36 31.0 70 3.1 2.5
E PROTEIN
SUPPLEMENTS
(VEGETABLE
SOURCE)
1 Arachis hypogaea Expeller 47 32.0 85 3.7 3.3
Solvent ext. 49 43.2 70 3.1 2.6
2 Brassica spp. Expeller 34 28.5 80 3.5 2.9
Solvent ext. 38 30.5 68 3.0 2.4
3 Carthamus tinctorius Expeller 42 32.0 69 3.0 2.5
4 Cocos nucifera Coconut 23 18.0 85 3.7 3.2
5 Glycine max. Expeller 41 35.7 86 3.7 3.3
Solvent ext. 46 41.4 80 3.5 3.0
6 Gossypium spp. Expeller 28 20.0 80 3.5 2.9
7 Linum Usitatissium Expeller 30 25.5 80 3.5 3.0
8 Sesamum inidcum Expeller 40 35.0 85 3.7 3.3
9 Zea mays cake 20 15.0 82 3.6 3.1
10 Helianthus spp Sunflower 26 22.0 70 3.1 2.7
11 Guizotia abyssinica Niger cake 45 25.5 55 2.4 2.0
(ANIMAL PROTEIN
SOURCE)
1 Blood Meal 87 62.0 90 4.0 3.4
2 Meat Meal 65 52.5 85 4.2 3.6
3 Fish Meal 50 45.0 70 3.4 2.7
Annexure - VII

Reasonable levels of inclusion of various

Feed Ingredients in Poultry feeds

S. No. Ingredients Level in diet (%)

A ENERGY FEEDS

1 Barley 20 - 35
2 Maize (yellow or white) 60
3 Oats Less than 10
4 Pearl millet or Bajra 30 - 40
5 Rice, hulled 40 - 50
6 Sorghum (white with low tannins) 25 - 35
7 Sorghum (milo or coloured) Less than 10
8 Wheat 45 - 50

B MILLING BYPRODUCTS OF CEREAL GRAINS

1 Hominy feed, Maize bran, Maize grit Less than 10

2 Molasses 5 - 15
3 Rice bran, deoiled rice bran 10 - 20
4 Rice polish 25 - 40
5 Salseed meal, deoiled 3-5
6 Tapioca chips, flour 10 - 20

C PROTEINOUS FEEDS (VEGETABLE SOURCE)

1 Coconut cake, Cottonseed cake 5

2 Groundnut cake, expeller 40
3 Groundnut cake, solvent extracted 20
4 Linseed cake Less than 5
5 Linseed cake, hot water treated 20
6 Mustard cake, rape cake, niger cake Less than 10
7 Safflower cake, decorticated 20
8 Sunflower cake, decorticated 20
9 Sesame cake or til cake, expeller 20
10 Soyabean meal, heat treated 30 - 40
11 Sunflower cake, decorticated 20

D PROTEINOUS FEEDS (ANIMAL SOURCES)

1 Fish meal, 45% protein 10

2 Fish meal, 55 - 60% protein 6-8
3 Fish scrap, fish solubles (dried) 3
4 Feather meal, hydrolysed 3
5 Silkworm pupae meal 5
6 Skim milk powder 5

E MISCELLANEOUS FEEDS

1 Animal and vegetable fats 3-5

2 Distillers dried grains and solubles 10
3 Leguminous fodders leaf meal 5
4 Penicillin mycellium wastes 10

NB : Some minor seeds like that of Lathyrus, Kasani, Dhaincha etc. and cakes like
water washed neem seed kernel cake, mahua seed cake and other processed
feeds may be used as replacement for similar feeds at 5 to 10 % levels.
Annexure - VIII

List of Training Centres on Feed Formulation and Quality control

1. Central Avian Research Institute,

Izatnagar - 243 122 (Uttar Pradesh)

2. Haryana Agricultural University

College of Animal Sciences, Hissar - 125 004

3. Regional Feed Analytical Laboratory

Govt. of India, CPBF Campus

Industrial Area, Chandigarh 160 002

4. Govt. of Maharashtra Feed Analytical Laboratory

C/o. Wool Research Centre, Sheep Breeding Farms

Gokhalinagar, Pune 411 016.

5. Regional Feed Analytical Laboratory

Govt. of India, C/o. Central Poultry

Breeding Farms,

Aarey Milk Colony, Mumbai 400 065.

6. B V Rao Institute of Poultry Management & Technology

Urlikanchan, Pune, Maharashtra

7. Central Poultry training Institute

Govt. of India, Hessarghatta

Bangalore 560 088

8. TAPCO Feed Analytical Labs

No.2, Chamiers Road, Nandanam

Chennai 500 035

9. ICAR Research Complex for North East Region

Bishnupur, Shillong 793 004

10. Orissa University of Agriculture and Technology

Bhubaneshwar 751 003 Annexure - IX

Books/Periodicals on Cattle/Poultry Feeds

------------------------------------------------------------------------------------------------------------------

Sr Name of Book Author Publishers

No.

------------------------------------------------------------------------------------------------------------------

1. Hand book of Animal Husbandry ICAR ICAR Bhavan

Pusa, New Delhi

2. Animal Nutrition and Feeding Practices S K Ranjhan Vikas Publishers, New Delhi

3. Feeding of Poultry Dr B Panda ICAR, N.Delhi

4. Poultry Nutrition S Bose -do-

5. Agro Industrial by products

and non conventional feeds

for livestock feeding S K Ranjhan -do-

6. Text book of Feed processing

Technology N Pathak Vikas publishers, New Delhi

7. Poultry Feed Technology H C Saxena International

Book Distri-

butors

8. Operation and Maintenance

of Cattle Feed Plants NDDB MIS, Mehsana

9. Indian Poultry Industry

Year Book(1994) P R Gupta A-25, Priya-

darshanivihar

New Delhi

10. Dairy India Year Book(1997) P R Gupta A-25, Priya-

darshanivihar

New Delhi

Statement 1 : Commercial Poultry Feed Formulations

Sr. Ingredient Commercial Layer Feed

No.
Chick Grower Layer
Cost Prop Value Proportion Value Proportion Value
ortion
(Rs./ (Kg) (Rs.) (Kg) (Rs.) (Kg) (Rs.)

Kg)
1 Maize 4.88 511.90 2498.07 319.30 1558.18 391.50 1910.52
2 Rice Polish 4.00 50.00 200.00 50.00 200.00 50.00 200.00
3 Jowar 4.19 0.00 0.00 60.00 251.40 40.00 167.60
4 Rice Kani 5.00 50.00 250.00 100.00 500.00 60.00 300.00
5 DEO Rice 3.00 0.00 0.00 124.10 372.30 0.00 0.00
Polish
6 DEO 7.90 50.00 395.00 90.00 711.00 130.00 1027.00
Groundnut
cake
7 DEO 8.00 230.00 1840.00 80.00 640.00 110.00 880.00
Soyabean
meal
8 Sunflower 4.02 50.00 201.00 120.00 482.40 90.00 361.80
meal/extract
9 Limestone 1.00 5.00 5.00 5.00 5.00 20.00 20.00
powder
10 Dicalcium 11.26 10.00 112.60 10.00 112.60 10.00 112.60
Phosphate
11 Salt Pure 4.00 5.00 20.00 5.00 20.00 4.00 16.00
12 Poultry 2.00 30.00 60.00 30.00 60.00 30.00 60.00
Mineral
Mixture
13 Shell Grit/ 1.40 0.00 0.00 0.00 0.00 50.00 70.00

Marble Grit
14 Vitamin and 30.00 6.00 180.00 6.00 180.00 13.00 390.00
Probiotics
Mix
15 D.L. 180.00 1.50 270.00 0.40 72.00 1.20 216.00
Methionine
16 L.Lysine 140.00 0.60 84.00 0.20 28.00 0.30 42.00
Total(Kg) 1000.00 6115.67 1000.00 5192.88 1000.00 5773.52

Statement 1 : Commercial Poultry Feed Formulations (continuation ...)

Sr. Ingredient Commercial Broiler Feed

No.
Starter Finisher
Cost Proportion Value Proportion Value
(Kg) (Rs.) (Kg) (Rs.)
1 Maize 4.88 512.00 2498.56 573.00 2796.24
2 Rice Polish 4.00 50.00 200.00 0.00 0.00
3 Jowar 4.19 0.00 0.00 30.00 125.70
4 Rice Kani 5.00 0.00 0.00 20.00 100.00
5 DEO Rice Polish 3.00 0.00 0.00 0.00 0.00
6 DEO Groundnut cake 7.90 70.00 553.00 60.00 474.00
7 DEO Soyabean meal 8.00 280.00 2240.00 235.00 1880.00
8 Sunflower meal/extract 4.02 30.00 120.60 25.00 100.50
9 Limestone powder 1.00 5.00 5.00 5.00 5.00
10 Dicalcium Phosphate 11.26 10.00 112.60 10.00 112.60
11 Salt Pure 4.00 4.00 16.00 4.00 16.00
12 Poultry Mineral Mixture 2.00 30.00 60.00 30.00 60.00
13 Shell Grit/Marble Grit 1.40 0.00 0.00 0.00 0.00
14 Vitamin & Probiotics Mix 30.00 7.00 210.00 6.00 180.00
15 D.L. Methionine 180.00 1.50 270.00 1.50 270.00
16 L.Lysine 140.00 0.50 70.00 0.50 70.00
Total(Kg) 1000.00 6355.76 1000.00 6190.04

Statement 2 : Commercial Cattle Feed Formulation

Sr. Feed Ingredient Cost Proportion Value

No. (Rs./Kg) (Kg) (Rs.)

1 Deoiled Cakes (cotton seed, 8.00 150 1200.00
sunflower, corngluten, etc.)
2 Cereals (maize, jowar, sorghum 4.88 100 488.00
broken rice, etc.)
3 Deoiled rice bran 3.00 470 1410.00
4 Tapioca Products 3.00 100 300.00
5 Salt 4.00 20 80.00
6 Mineral (bone ash, lime, etc.) 10.00 20 200.00
7 Molasses 5.00 120 600.00
8 Urea 4.00 20 80.00
Total 1000 4358.00

Weighted average cost of raw Cost Proportion Value

materials
(Rs./Ton) (Ton) (Rs.)
Broiler - Starter 6355.76 0.125 794.47

- Finisher 6190.04 0.125 773.76

Layer - Chick 6115.67 0.050 305.78

- Grower 5192.88 0.100 519.29

- Layer 5773.52 0.300 1732.06

Cattle - Feed 4358.00 0.300 1307.40
Total 1,000 5432.75
Statement 3 : Calculation of working capital requirements

(Rs. in lakhs)

Year
Sr. Particulars Period Cost 1* 2 3 4

No. (Rs./ton)
1 Capacity Utilisation --- --- 70 80 90 100
2 Raw materials 70.70 80.80 90.90 101.00
consumption

including wastage
(tonnes per day)
3 Raw materials 45days 5433 172.85 197.54 224.24 246.93
inventory
4 Work in progress 1 day 5937 4.20 4.80 5.40 6.00
5 Packing material 30days 305 6.47 7.39 8.32 9.24
6 Power and Fuel 15days 160 1.70 1.94 2.18 2.42
7 Finished goods 7 days 6193 30.65 35.03 39.41 43.79
inventory
8 Sundry debtors 7 days 6908 33.85 38.68 43.52 48.36
Less : Sundry creditors 7 days 5433 26.62 30.42 34.23 38.03
Total working captial 223.09 254.96 286.83 318.70
requirement
Margin money on 55.77 63.74 71.70 79.67
working capital
IIncremental margin on 7.97 7.96 7.97

working capital
Working capital loan 167.32 191.22 215.13 239.03
Interest on working 15.06 34.42 38.72 43.03
capital loan

(@18% per annum)

* During first year the plant will be operated for 6 months only

# Including 1% wastage
Statement 4 : Capital cost of the Project

Specifi- Total
S.No. Particulars Quantity Unit cost
cations cost
Rs.in
lakhs
1 2 3 4 5 6

1 Land 7 acres 50000 /acre 3.5

Land and site
2
development
i) Land levelling 70000 cuf 2 /cuft 1.4
Barbed wire
ii) 850 r.mts. 150 /r.mts. 1.28
fencing
iii) Internal roads 300000 Lumpsum 300000 Lumpsum 3
iv) 50 r.mts. 1000 r.mts. 0.5
v) Security cabin 30 Sq.mts. 3000 /Sq.mts. 0.9
Sub total 10.58

3 Civil Structures
Raw material
i) and finished feed 2354 Sq.mts. 3500 /Sq.mts. 82.39
godown
ii) Machinery Hall 250 Sq.mts. 7000 /Sq.mts. 17.5
Office cum
iii 325 Sq.mts. 3770 /Sq.mts. 12.25
laborratory
Generator and
iv) 90 Sq.mts. 3000 /Sq.mts. 2.7
switch room
Canteen and
v) 200 Sq.mts. 3230 /Sq.mts. 6.46
change room
Garrage for
vi) 80 Sq.mts. 2150 /Sq.mts. 1.72
vehicles
Residential
vii)
quarters
a. Manager
3500 /Sq.mts. 2.8
(one)
b. Supervisor (3) 150 Sq.mts. 3200 /Sq.mts. 4.8
c. Labourers (10) 150 2000 /Sq.mts. 3
 % of civil cum
land
viii) Architect fees 0.5 0.7
development
costs
Sub total 134.33
Plant and
4
Machinery
Intake and
i) 1 733000 /unit 7.33
grinding section
ii) Mixing section 1 232000 /unit 2.32
Bagging and
iii 1 340000 /unit 3.4
services
iv) Electricals 1 164000 /unit 1.64
v) Steel strructures 1 297000 /unit 2.97
Errection and
vi) Lumpsum -- 95000 Lumpsum 0.95
commissioning
Hopper speed
vii) Lumpsum -- 180000 Lumpsum 1.8
control
and hopper &
misc. equipment
Transportation,
viii) Lumpsum -- 355000 Lumpsum 3.55
insurance
etc.
ix) Boiler 1 310000 /unit 3.1
x) Pellet Mill 1 1838000 /unit 18.38
Sub total 45.44

Misc. fixed
5
assets
i) Lab equipments Lumpsum -- 750000 Lumpsum 7.5
Weighing
ii) Lumpsum -- 750000 Lumpsum 7.5
machine
Office furniture
iii) Lumpsum -- 750000 Lumpsum 7.5
and computers
Sub total 22.5

6 Vehicles
i) Jeeps 2 No. 350000 /unit 7
ii) Motor cycles 2 No. 50000 /unit 1
 Sub total 8

7 Electricals
i) Generator 1 125 KVA 500000 /unit 5
Transformer and
ii) Lumpsum -- 1500000 Lumpsum 15
accessories
and external
lighting
Sub total 20

Water supply
8 Lumpsum -- 250000 Lumpsum 2.5
system
underground
water lane
well, pump,
filteration plant
etc.

Preliminary and
9
pre-operative
expenses
Company
2.5% of item
i) formation 15.21
no.1-8
expenses
As per
Capitalisation of
ii) statement 0
interest
No. 9
15.21

25 % of total
Margin money working
10 0
on working capital
requirement

capital

TOTAL
PROJECT 68.21
COST
 MARGIN 25 % of the
17.05
MONEY project cost

BANK LOAN 51.16

Statement 5 : Manpower Requirement

Sr. Manpower Requirement Salary Total Salary

No. (No.) (Per head) (per month)

1 Manager 1 8,000 8,000
2 Accounts Officer 1 5,000 5,000
3 Maintainance Engineer 1 6,000 6,000
4 Sales Officer 1 5,000 5,000
5 Chemists 2 4,000 8,000
6 Floor supervisors 3 3,000 9,000
7 Operators 3 3,000 9,000
8 Stores Supervisor 1 2,500 2,500
9 Assistant Accountants 1 2,500 2,500
10 Electrical Supervisor 1 2,500 2,500
11 Mechanical Supervisor 1 2,500 2,500
12 Skilled workers 21 2,000 42,000
Total 37 --- 102,000
Incentives and Perks 30,600

(30% of the salary)

Total monthly payments 132,600
Statement 6 : Techno-economic parameters

S.No. Particulars
1 Capacity of the plant ( MT / 2shifts ) 100

2 No. of operating shifts per day 2

(8hrs/shift)

3 No. of working days in a year

First year 150
Second year 300

4 Capacity utilisation (%)

First year 70
Second year 80
Third year 90
Fourth year 100

5 Wastage of raw material (%) 1.00

6 Raw material consumption(MT)

First year 10605
Second year 24240
Third year 27270
Fourth year 30300

7 Average cost of Raw materials 5433

(Rs. per MT)

8 Power and fuel 160

(Rs. per MT of raw material consumed)

9 Cost of packing materials 305

(Rs. per MT feed manufactured)

10 Wages (Rs. per MT of feed manufactured) 39

11 Factory overheads 30
(Rs. lakhs per year)

12 Repairs and maintainance 2.40

(Rs. lakhs per year)

13 Administrative overheads 33
(Rs. lakhs per year)

14 Selling and distribution overheads 27

(Rs. lakhs per year)

15 Salaries, incentives and perks (Rs. in lakhs/ Month) with 5% increase 1.33
per year

16 Product mix (%)

Comm. broiler - starter 12.50
Comm. broiler - finisher 12.50
Commercial Layer - Chick mash 5.00
Commercial Layer - Grower mash 10.00
Commercial Layer - Layer mash 30.00
Cattle Feed 30.00

17 Quantity of feed manufactured(MT)

First year 10500
Second year 24000
Third year 27000
Fourth year 30000

18 Sale price of feed (Rs. per MT)

Comm. broiler - starter(mash) 8200
Comm. broiler - finisher(mash) 8200
Commercial Layer - Chick mash 7050
Commercial Layer - Grower mash 6500
 Commercial Layer - Layer mash 6850
Cattle feed - pellets 6000
Weighted average sale price of feed ( Rs. /MT ) 6908

19 Sale of Gunny bags(Rs. per bag) 9.00

20 No. of gunny bags per ton of raw material 13.33

21 Depreciation(WDM) - % : Buildings 10.00

Machinery 25.00
Vehicles 33.00

22 Income tax rate ( % ) 44.00

23 Interest rate on term loan (%) 15.5

24 Intrerest rate on working capital loan (%) 18

25 Repayment period (No. of quarters) 28

26 Moratorium(No. of quarters) 4

Statement 7 : Calculation of depreciation on written down value method

(Rs.in Lakhs)

Civil Depreciation Plant and Depreciation Misc. Depreciation

Structures Machinery Fixed
Assets
Year Value at ( @ 10 % per Value at ( @ 25 % per Value at ( @ 33 % per
begining begining begining
of the year annum ) of the year annum ) of the year annum )

1 141.40 14.14 45.44 11.36 50.50 16.67

2 127.26 12.73 34.08 8.52 33.84 11.17
3 114.53 11.45 25.56 6.39 22.67 7.48
4 103.08 10.31 19.17 4.79 15.19 5.01
5 92.77 9.28 14.38 3.59 10.18 3.36
6 83.50 8.35 10.78 2.70 6.82 2.25
7 75.15 7.51 8.09 2.02 4.57 1.51
8 67.63 6.76 6.07 1.52 3.06 1.01
9 60.87 6.09 4.55 1.14 2.05 0.68
10 54.78 5.48 3.41 0.85 1.37 0.45
11 49.30 4.93 2.56 0.64 0.92 0.30

Statement 8 : Income and expenditure and tax liability

*The value is a notional figure to arrive at Average DSCR through computerised formula
for any number of years i.e upto 10 years

Statement 9
Repayment schedule
(Rs. in lakhs)

Instalment: 9.82

Quarter O/S at Recovery Recovery Recovery Recovery Total Total

the of of principal of interest of interest recovery in recovery
begining principal in the year in the year the qtr in the
of the qtr. year
1* 58.94 0.00 2.28 2.28
2* 176.81 0.00 6.85 6.85
3 235.74 0.00 9.13 9.13
4 235.74 0.00 0.00 9.13 27.40 9.13 27.40
5 235.74 9.82 9.13 18.96
6 225.92 9.82 8.75 18.58
7 216.10 9.82 8.37 18.20
8 206.27 9.82 39.29 7.99 34.26 17.82 73.55
9 196.45 9.82 7.61 17.43
10 186.63 9.82 7.23 17.05
11 176.81 9.82 6.85 16.67
12 166.98 9.82 39.29 6.47 28.17 16.29 67.46
13 157.16 9.82 6.09 15.91
14 147.34 9.82 5.71 15.53
15 137.52 9.82 5.33 15.15
16 127.69 9.82 39.29 4.95 22.08 14.77 61.37
17 117.87 9.82 4.57 14.39
18 108.05 9.82 4.19 14.01
19 98.23 9.82 3.81 13.63
20 88.40 9.82 39.29 3.43 15.99 13.25 55.28
21 78.58 9.82 3.04 12.87
22 68.76 9.82 2.66 12.49
23 58.94 9.82 2.28 12.11
24 49.11 9.82 39.29 1.90 9.90 11.73 49.19
25 39.29 9.82 1.52 11.34
26 29.47 9.82 1.14 10.96
27 19.65 9.82 0.76 10.58
28 9.82 9.82 39.29 0.38 3.81 10.20 43.10

* During first and second quarters the average balance is taken into consideration as
the loan will be disbursed in a phased manner

Statement 10 : Cash flow analysis of the feed plant project

(Rs. in Lakhs)