maize 7

A. Production Program and Sales for one year period

S.N
Description of Items Ratio Area(ha) Yield Per Year in Quntal
1 Firuites 0.5 1672.5 5017.5
1672.5 5017.5
0 0

2 0.25 836.25 5017.5

836.25 2508.75
836.25 2508.75
3
Vagoitables 0.125 418.125 1254.375
0
418.125 1254.375
4
0.125 418.125 1254.375
0 0
418.125 1254.375

5
Others

Graund Total 1 3345

h.coute 7.48 125 935
cotton 10.7 500 5350
sesame 7.79 125 974

Selling Price Estimated Annual Saleces Cost of Rawa Mater

2500 2,508,750.00
500 2,508,750.00 2,508,750.00 501,750.00
0 -

1100 2,759,625.00 2,759,625.00 827,887.50

550 1,379,812.50
550 1,379,812.50
1250 1,567,968.75 1,567,968.75 470,390.63
0 -
1250 1,567,968.75

2100 2,634,187.50 658,546.88

0 -
2100 2,634,187.50

150,000.00 75,000.00

9,620,531.25 2,533,575.00

- 4,076,718.75
1 Pre-Opperating Expenses
Description QTY Unit Price
S.N
1 Consultancy Work and Commission 1 10,000.00
2 Land Rent/Lease 1 50,000.00
3 License Fee 1
4 Others
Sub- Total

2 Building and Civil Work

Description QTY Unit Price
S.N
Land and Site Development/Land Leveling 1 50,000.00
1
2 1 200,000.00
3 1 150,000.00
4 1 150,000.00
5 2 150,000.00
6 Fencing 1 50,000.00
7 Others
Sub- Total

3 Machinary and Equipments

Description QTY Unit Price
S.N
I
1 2 180,000.00
2 2 129,000.00
3 2 118,000.00
4 1 180,000.00
5 2 132,000.00
1 20,000.00
1 12,000.00
1 50,000.00
1 3,000.00

II
LPS
2 10,000.00
 2 24,345.00
2 80,000.00
1 16,000.00
3 30,000.00
Others(Spare Parts etc)
Sub-Total Vehicle
Sub-Total -

4 Office Furniture and Fixture

NO Item Qty Unit cost
1 Computer with Accesseries 10 10,000.00
2 Tables 10 1,500.00
3 Chair 50 350.00
4 Calculator 10 120.00
5 Others
Total
 Total

10,000.00
50,000.00
5,000.00
150,000.00
215,000.00

Total

50,000.00

200,000.00
150,000.00
150,000.00
300,000.00
50,000.00
27,370.88
927,370.88

Total

360,000.00
258,000.00
236,000.00
180,000.00
264,000.00
20,000.00
12,000.00
50,000.00
3,000.00
20,000.00
1,403,000.00

100,000.00
20,000.00
 48,690.00
160,000.00
16,000.00
90,000.00
150,000.00
584,690.00
1,987,690.00

Total cost
100,000.00
15,000.00
17,500.00
1,200.00
15,000.00
148,700.00
B. Materials and Inputs
I Material Requirement
S.N Description Quantity Price
Purchase of Improved Seeds
1 LPSM LPSM
2 LPSM LPSM
3 LPSM LPSM
4 LPSM LPSM
5 LPSM LPSM
6 Others LPSM LPSM
Total LPSM LPSM

II Utilities
S.N Description Quantity Price
1 Electricity

2 Water
3 Fuel and lubricant
4 Telephone
5 Others
Total

III Man Power

S.N Description Quantity Price
Skilled 8 5000
Semi-Skilled 15 2000
Unskilled 53 450
Total 76

IV Fixed Cost (Capital) of the Project

S.N Description Total Cost
1 Land

1 Building and Civil Work 927,370.88

2 Machinery and Equipment 1,987,690.00
3 Furniture and Fixture 148,700.00
4 Other Misalliance fixed 25,000.00
Total 3,088,760.88

V Total Cost of the Project

S.N Description Total
 1 Fixed Capital Cost 3,088,760.88
2 Working Capital 1,104,537.56
Sub Total 4,193,298.44
Preliminary and Pre-Operating Expenses 215,000.00
Total 4,408,298.44

VI Others Expenses
S.N Description Total

1 Environemental Protaction and Rehablitation 25,000.00

1 Maintenance and Repair 30,887.61
2 Factory and Vehicle Insurance 30,887.61
3 Others 4,000.00

Total Overhead Expenses 90,775.22

 501,750.00
827,887.50
470,390.63
30,000.00
658,546.88
75,000.00
2,563,575.00

Total
288,615.94 160,000.00

240,513.28 500.00
S.N Description
153,928.50 500,000.00
144,307.97 6,000.00
134,687.44 1 General Manager
962,053.13 2 Secretery
3 Farm Manager
4 Admistrative and Finanace Manager
5 Agricultural Monitor(CAPPO)
6 Irrigator
7 Canal Reshaping and Cleaner
Total 8 Accountant
456,000.00 9 Casher
364,800.00 10 Purcher
287,011.87 11 Machanic
1,290,600.00 12 Drivers
8 Machin Operetoer
1,107,811.87 9 Farmer
10 Foreman
-182788 11 Plant Protector
Others(Gard, Store Keeper,Cashar, Sales Manan,
operator, etc)
Total

1,322,593.00 3000
4,408,643.33
3,086,050.33
1,322,593.00
4,408,643.33
Manpower Quantity Monthly Annual
Salary
Qualification (In Birr) Payment

1 5,000.00 60,000.00
1 750.00 9,000.00
1 5,000.00 60,000.00
1 4,500.00 54,000.00
5 4,500.00 270,000.00
5 1,000.00 60,000.00
10 1,000.00 120,000.00
3 1,500.00 54,000.00
2 1,000.00 24,000.00
3 1,500.00 54,000.00
3 1,000.00 36,000.00
6 1,800.00 129,600.00
5 1,000.00 60,000.00
10 500.00 60,000.00
5 1,500.00 90,000.00
5 500.00 30,000.00
10 1,000.00 120,000.00

76 33,050.00 1,290,600.00

39.47368
C. Summary of Opperating Cost
S.N Description 1st Year 2nd Year 3rd Year 4th Year
1 Materials and Input s 1,794,502.50 2,050,860.00 2,307,217.50 2,563,575.00
2 Utilities 351,225.00 401,400.00 451,575.00 501,750.00
3 Wage and Slaries 903,420.00 1,032,480.00 1,161,540.00 1,290,600.00
4 Other Operating Expenses 63,542.65 72,620.17 81,697.70 90,775.22
Sub Total 3,112,690.15 3,557,360.17 4,002,030.20 4,446,700.22
Contingencies (10%) 311,269.02 355,736.02 400,203.02 444,670.02

Total Operating Expenses 3,423,959.17 3,913,096.19 4,402,233.22 4,891,370.24

D. Working Capital Requirmenet

S.N Description Local Cost Foreign cost Total

1 Raw Materials (3 month) 640,893.75 - 640,893.75

2 Utilities (3 months) 125,437.50 - 125,437.50

3 Wage and Salaries (2 month) 215,100.00 - 215,100.00
Others Operating Expense (3months) 22,693.80 22,693.80

Sub total 1,004,125.05 1,004,125.05

Contingencies(10%) 100,412.51 100,412.51
 Net working capital 1,104,537.56 - 1,104,537.56

E. Estimated Annnual Sales forcast

S.N Sources of Revenue 1st Year 2nd Year 3rd Year 4th Year
1 Cotton 1,756,125.00 2,007,000.00 2,257,875.00 2,508,750.00
2 Maize 1,931,737.50 2,207,700.00 2,483,662.50 2,759,625.00
3 H. Beens 1,097,578.13 1,254,375.00 1,411,171.88 1,567,968.75
4 Sesame 1,843,931.25 2,107,350.00 2,370,768.75 2,634,187.50
5 Others 105,000.00 120,000.00 135,000.00 150,000.00
-
-
-
-
-

Total Annual Revenue 6,734,371.88 7,696,425.00 8,658,478.13 9,620,531.25

F. Loan Repayement Schedual

No Years Installment Interest Principal

0 - - 3,085,808.91

1 308,580.89 262,293.76 2,777,228.01

 2 308,580.89 236,064.38 2,468,647.12

3 308,580.89 209,835.01 2,160,066.23

4 308,580.89 183,605.63 1,851,485.34

5 308,580.89 157,376.25 1,542,904.45

6 308,580.89 131,146.88 1,234,323.56

7 308,580.89 104,917.50 925,742.67

8 308,580.89 78,688.13 617,161.78

9 308,580.89 52,458.75 308,580.89

10 308,580.89 26,229.38 -

G. Annual Deperciation Expense

No Description Total Fixed Depreciation Total Cost
Cost Rate
1.00 Building and Civil Work 927,370.88 0.10 92,737.09
2.00 Machinary and Equipment 1,987,690.00 0.25 496,922.50
3.00 Furniture and fixture 148,700.00 0.10 14,870.00
4.00 Other Fixed Assets 25,000.00 0.05 1,250.00

Annual Deperciation 605,779.59

 20000000 18,895,462.44

5th Year
2,867,142.86
3,153,857.14
1,791,964.29
3,010,500.00
171,428.57
-
-
-
-
-

10,994,892.86
H. Projected Income Stetement

No Description Project Years

0 1 2 3 4 5

I Total Sales -

265,000,000.00 490,250,000.00 503,500,000.00 530,000,000.00 588,888,888.89

Operating Expenses - 3,423,959.17 3,913,096.19 4,402,233.22 4,891,370.24 4,891,370.24

Adminstrative and Sales - 13,250,000.00 24,512,500.00 25,175,000.00 26,500,000.00 29,444,444.44

Epensese
VAT(15%) 39,750,000.00 73,537,500.00 75,525,000.00 79,500,000.00 88,333,333.33

II Total Cost of Good Sold 56,423,959.17 101,963,096.19 105,102,233.22 110,891,370.24 122,669,148.02

Operating profit - 208,576,040.83 388,286,903.81 398,397,766.78 419,108,629.76 466,219,740.87

Less Depreciation - 605,779.59 605,779.59 605,779.59 605,779.59 605,779.59

Interest - 262,293.76 236,064.38 209,835.01 183,605.63 157,376.25

Sub Total 868,073.34 841,843.97 815,614.59 789,385.22 763,155.84

Profit Before Tax - 207,707,967.49 387,445,059.84 397,582,152.19 418,319,244.54 465,456,585.03

Less Income Tax (40%) - 83,083,187.00 154,978,023.94 159,032,860.88 167,327,697.82 186,182,634.01

Net Profit - 124,624,780.49 232,467,035.90 238,549,291.31 250,991,546.73 279,273,951.02

 83.66

3000000/900000 139.44
0.7
 Project Years

6 7 8 9 10

654,320,987.65 727,023,319.62 807,803,688.46 897,559,653.85 997,288,504.27

4,891,370.24 4,891,370.24

5,434,855.82 6,038,728.69 6,709,698.54

32,716,049.38 36,351,165.98

40,390,184.42 44,877,982.69 49,864,425.21

98,148,148.15 109,053,497.94

121,170,553.27 134,633,948.08 149,593,275.64

135,755,567.77 150,296,034.16

166,995,593.51 185,550,659.46 206,167,399.40

518,565,419.88 576,727,285.45

640,808,094.95 712,008,994.39 791,121,104.87

605,779.59 605,779.59

673,088.43 747,876.03 830,973.37

131,146.88 104,917.50

116,575.00 129,527.78 143,919.76

736,926.47 710,697.09

789,663.43 877,403.82 974,893.13

517,828,493.42 576,016,588.36

640,018,431.51 711,131,590.57 790,146,211.75

207,131,397.37 230,406,635.35

256,007,372.61 284,452,636.23 316,058,484.70

310,697,096.05 345,609,953.02

384,011,058.91 426,678,954.34 474,087,727.05

I. Sources of Fund
S.N Sources of Finance Percentage Share Total fund (‘000)
3,000,000.00
1 Owner Equity 30% 1,322,489.53 900000 0.3 3,000,000.00
2 Bank Loan 70% 3,085,808.91
Total 100% 4,408,298.44 (1,408,298.44) 1,322,489.53 3000000 900000

ROI 0.636706211485 Net Income Before Tax 10,853,476.39 7,597,433.47

J Projected Cashfelow stetement
No Description Projected years

0 1 2 3 4 5 6

Cash Inflow

Equity 1,322,489.53 - - - - - -

Bank Loan 3,085,808.91 - - - - - -

Net Profit - 124,624,780.49 232,467,035.90 238,549,291.31 250,991,546.73 279,273,951.02 310,697,096.05

Depreciation - 605,779.59 605,779.59 605,779.59 605,779.59 605,779.59 605,779.59

Total 4,408,298.44 125,230,560.08 233,072,815.49 239,155,070.90 251,597,326.31 279,879,730.61 311,302,875.64

Cash out Flow

Fixed investment 3,303,760.88 - - - - - -

Working Capital 1,104,537.56 - - - - - -

Total Cost of Capital 4,408,298.44 - - - - - -

Loan Repayment - 308.58 308.58 308.58 308.58 308.58 308.58

Total 4,408,298.44 308.58 308.58 308.58 308.58 308.58 308.58

Net inflow - 125,230,251.50 233,072,506.91 239,154,762.32 251,597,017.73 279,879,422.02 311,302,567.06

3256042.917

7 8 9 9

- - - 9

- - - 9

345,609,953.02 345,609,953.02 345,609,953 345,609,953

605,779.59 605,779.59 605,780 605,780

346,215,732.61 346,215,732.61 346,215,733 346,215,733

- - - -

- - - -

- - - -

308.58 308.58 309 309

308.58 308.58 309 309

346,215,424.02 346,215,424.02 346,215,424 346,215,424

K. Projected Blans Sheet

S.N Asset
Currnet

ASSETS
Curent Assents
Cash
Raw materials
Work-in-Process
Finished Goods (FG) Inventory
Accounts Receivable
Total Current Assets
Fixed Assets
Land
Building
Machinery & Equipment
Office Equipment
Less: Accumulated Depreciation
Net Fixed Assets
Total Fixed Assets
Other Assets
Pre-operating expenses
TOTAL ASSETS
LIABILITIES
Current Liabilities
Accounts Payable
Loans Payable
Total Current Liabilities
Long-Term Liabilities
Loans Payable
Total Long-Term Liabilities
OWNER’S Equity
Capital Beginning
Accumulated Capital
Add: Net Profit after Tax
Less: Withdrawal/Dividends
Total Owner’s Equity
TOTAL LIABILITIES AND EQUITY
 Liability
Fixed Currnet

LC

1,322,490
2,563,575
750
15,000
16,800
81,974

4,000
20,000
9,000
1,000
3,400
26,000
30,600

-
112,574

-
4,004
4,004

42,012
42,012

27,000
27,000
29,558
-
56,558
112,574
 Capital
Long Term