Establishing a thorough project profile calls for careful preparation and unambiguous communication. Your project profile will be engaging, orderly, and educational if you use the Project Profile Format. A professionally written project profile is an essential tool for success whether you are overseeing a big metropolitan development or a small community effort.

Here, look at the format of project profile given by Bangladesh Bank.

Bangladesh Bank’s Project Profile Format

Project Profile & Pre-investment Feasibility Report

Table of Contents

1.0 Executive Summery. 5

1.1 Project Summery: 5

1.2 SWOT Analysis: 7

2.0 PROPOSED PROJECT. 9

2.1 The Company. 9

2.2 Background of the Project. 9

2.2.1 Dairy Farming in Bangladesh. 9

2.2.2 Guide to Dairy Farming In Bangladesh, and Business Plan. 10

2.2.3 Advantages of Dairy Farming in Bangladesh. 11

2.2.4 Objectives of Dairy Farming in Bangladesh. 11

2.2.5 Steps to Start Dairy Farming in Bangladesh. 12

2.2.6 Recommendations for Successful Operation of Dairy Farming in Bangladesh. 13

2.2.7 Breeds for Dairy Farming in Bangladesh. 15

2.2.8 Types of Dairy Farms in Bangladesh. 15

2.2.9 Feed Requirement for Dairy Farming in Bangladesh. 15

2.2.10 The nutritional contribution of dairy milk in Bangladesh. 16

2.2.11 Potential for Dairy Industry Development in Bangladesh. 16

2.2.12 Policies for dairy production in Bangladesh. 17

2.2.13 Lack of Disease/Parasites Control in Dairy Farming in Bangladesh. 17

2.2.14 Milk Yields and Milk Production per Capita in Bangladesh. 18

.2.15 Potentiality of Renewable Energy Plants (Biogas Plants). 18

2.3 WHAT BAKARAH DAIRY & FEED FARM Will do?. 19

Table of content continued

2.4 Location of the project. 19

3.0 MANAGEMENT ASPECTS. 20

4.0 TECHNICAL ASPECTS. 21

4.1 Land Location-. 21

4.2 Infrastructure. 21

4.3 Technology. 22

4.4 Civil works. 23

4.5 Plant and machinery. 24

4.6 Purchase of Milking Cows. 25

4.7 Furniture and fixture. 25

4.8 Office equipment. 26

4.9 Vehicles. 26

4.10 Products. 27

4.11 Raw and Packing Materials. 27

4.12 Production flow chart. 28

4.13 Implementation Schedule. 28

5.0 MARKETING ASPECTS. 29

5.1. Products/Services. 29

5.2. Usages of the products/services. 29

5.3 User of the products (in detail). 29

5.4. Target Market. 30

5.5 Demand Situation and Demand Forecasting. 31

5.6 Supply Situation and Supply Forecasting (in detail). 32

5.7 Demand Supply Gap (in detail). 34

5.8 Competition and Competitors. 35

5.9 Distribution Channel 37

5.10 Promotion. 38

Table of content continued

6.0 FINANCIAL ASPECTS. 39

Annexure-1 (a): Assumptions: 39

Annexure-1(b) Cost of the Project & Cost of Finance. 40

Annexure-2(a) Cost of Land. 41

Annexure-2(b) Cost of Land Development & Civil Works. 41

Annexure-2 (c & D) : List of Capital Machinery & Equipment. 42

Annexure-2(e): Cost Milking Cows. 42

Annexure-2(f): Cost of Vehicles. 43

Annexure-2(g): Cost Furniture & Office Equipment. 43

Annexure-2(h): Preliminary expenses. 44

Annexure-3: Calculation of Working Capital 45

Annexure-4 Sales Revenue. 45

Annexure-5: Estimated Income Statement. 46

Annexure-6(a): Cost of Raw Materials. 47

Annexure-6(b) Cost of Finished Products. 48

Annexure-6(c): Salary & Wages. 49

Annexure-6(d): Over-head Costs. 50

Annexure-7(a): Administrative & Selling Expenses. 51

Annexure-7(b): Administrative Salary. 52

Annexure-8(a) Cost of Goods Sold. 53

Annexure-8(b) Break-Even Analysis. 54

Annexure 9: Pay-Back Period. 55

Annexure-10: Estimated Cash-Flow Statement. 56

Annexure-11: Projected Balance Sheet. 57

Annexure-12: Debt-service Coverage Ratio. 58

Annexure-13: Internal Rate of Return (IRR). 59

Annexure-14: Ratio-Analysis. 60

Annexure-15(a): Sensitivity Analysis based on 5% increase in Cost of Goods Sold. 61

Annexure-15(b): Sensitivity Analysis based on 5% Decrease in Cost of Goods Sold. 62

Annexure-16 Contribution to GDP. 63

Annexure-17 Estimated repayment schedule of Term Loan. 64

7.0 ECONOMIC ASPECTS. 67

Project Profile Starts here

1.0 Executive Summary
1.1 Project Summery:

	1.1.1	Name of the Project	:	BAKARAH DAIRY & FEED FARM: Modern Dairy Farm & Milk Processing Plant in Bangladesh
	1.1.2	Location of the Project	:	Satpar, Gopalgonj

	1.3	Details of Land	:	a)	Area of land	:	1.4825 Acre
				b)	Mouza	:	Satpar, Gopalgonj
				c)	Encumbrance	:	The project land is free from any kind of encumbrance.
	1.4	Nature of the project	:	The BAKARAH DAIRY & FEED FARM project is a modern dairy farm and milk processing plant established in Bangladesh. Its primary objective is to address the country’s protein and nutrient requirements by producing high-quality milk and dairy products. The project focuses on the production of powdered milk as its main product.
	1.5	Legal Status	:	Proprietorship Company
	1.6	Proprietor	:	Md. Abdul Mannan
	1.7	Annual Production Capacity & Selling Price:				See Anex -6(b)
Item Qnty (Unit) Rate in Tk. Amount (in Tk. ‘000) Milk Powder 3,650 MT 780,000.00 2,847,000 Valuation of Calves 90 Heads 250,000 22,500 Composed Fertilizer 540 MT 25,000 13,500 0 Total Tk: 2,883,000

	1.8	Cost of the project	:			(Tk. In ‘000)
Srl.	Cost Items		Sponsors Equity	Bank Equity	Ratio (Sponsor: Bank)		Total Cost
1	Cost of Land		50,405.00	0.00	0%		50,405.00
2	Building & other Civil works with Land Dev		8,167.03	32,668.10	80%		40,835.13
3	Machinery and Equipments		382,046.00	1,528,184.00	80%		1,910,230.00
4	Purchase of Milking Cow		16,800.00	67,200.00	80%		84,000.00
5	Cost of Vehicles		1,920.00	7,680.00	80%		9,600.00
6	Furniture, Fixture & Office Equipments		1,432.60	0.00	0%		1,432.60
7	Preliminary Expenses		4,500.00	0.00	0%		4,500.00
8	Contingencies		97,553.26	0.00	0%		97,553.26
	Total Fixed Cost		562,823.88	1,635,732.10	74%		2,198,555.98
9	Working capital		50,775.90	118,477.10	70%		169,252.99
	Total Cost		613,599.78	1,754,209.20	74%		2,367,808.97

	1.9	Investment Proposal		:	a)	Sponsor’s			:		TK. 613,599,780.00
					b)	Bank			:		Tk. 1,754,209,200.00
					i)	Term Loan:			:		Tk. 1,635,732,100.00
					ii)	WC Loan (CC)			:		Tk. 118,477,100.00
	1.10	Ratio of Investment		:	Sponsors : Bank:: 26:74

	1.11	Financial Performance:
								(Tk. in ‘000)
Particulars			Year – 1		Year – 2		Year – 3			Year – 4		Year – 5
Sales revenue			1,957,871		2,156,455		2,301,956			2,446,138		2,590,289
Cost of goods sold			1,458,454		1,621,659		1,731,816			1,840,691		1,949,573
Gross profit			499,417		534,796		570,140			605,447		640,716
Administration & selling expenses			8,567		9,236		9,636			10,067		10,516
Operating profit			490,850		525,560		560,504			595,380		630,200
Net profit			387,907		422,617		457,561			492,437		527,257
Financial Ratio
Gross profit to sales			25.51%		24.80%		24.77%			24.75%		24.74%
Operating profit to sales			25.07%		24.37%		24.35%			24.34%		24.33%
Net profit to sales (%)			19.81%		19.60%		19.88%			20.13%		20.36%
Break-Even Analysis			16.48% (Annexure-8b)
Pay-Back Period			3 years 9 Months (Annexure-9)
Internal Rate of Return (IRR)			25.56% (Annexure-13)

1.2 SWOT Analysis:

SWOT Analysis of BAKARAH DAIRY & FEED FARM:

Strengths:

1. Modern infrastructure and equipment: The project boasts state-of-the-art facilities and advanced equipment, enabling efficient milk production and processing.

2. Strong supply chain: The farm has established a robust supply chain network, ensuring a steady and reliable source of milk.

3. Quality control measures: The project places emphasis on maintaining high standards of quality control throughout the milk production and processing stages.

4. Technological advancements: Utilizing modern technologies and techniques enhances productivity and efficiency in milk production and processing.

Weaknesses:

1. Initial investment: Establishing a modern dairy farm and processing plant requires substantial capital investment, which may pose a financial challenge.

2. Dependence on external factors: The project is susceptible to external factors such as weather conditions, disease outbreaks, and market fluctuations, which can impact milk production and profitability.

3. Limited product diversification: Focusing primarily on powdered milk as the main product may limit the range of offerings and market opportunities.

Opportunities:

1. Growing demand for dairy products: Bangladesh’s increasing population and rising disposable incomes present a favorable market for dairy products, including powdered milk.

2. Government support: The government’s initiatives to enhance the dairy sector and promote self-sufficiency in milk production create a supportive environment for the project.

3. Export potential: With the production of high-quality powdered milk, there is potential for the project to explore export opportunities and tap into international markets.

Threats:

1. Competitor presence: The dairy industry in Bangladesh is competitive, with established players already operating in the market, posing a challenge for market penetration.

2. Price fluctuations: Volatility in the prices of raw materials, such as animal feed, can impact the project’s profitability and operational costs.

3. Regulatory constraints: Adhering to strict regulations and compliance requirements related to food safety, hygiene, and environmental standards may pose challenges and additional costs for the project.

Overall, the BAKARAH DAIRY & FEED FARM project benefits from modern infrastructure, strong supply chain capabilities, and quality control measures. However, it faces challenges related to initial investment, external factors, and limited product diversification. The project also has opportunities in a growing market, government support, and export potential. It should remain mindful of competitive pressures, price fluctuations, and regulatory constraints to ensure sustainable growth and success.

2.0 PROPOSED PROJECT

2.1 The Company

a. Name of the Company: BAKARAH DAIRY & FEED FARM

b. Corporate Set-up: The project is a proprietorship company.

Name of the Project: BAKARAH DAIRY & FEED FARM: Modern Dairy Farm & Milk Processing Plant in Bangladesh

2.2 Background of the Project

2.2.1 Dairy Farming in Bangladesh

The dairy industry in Bangladesh is a rapidly growing sector, with the demand for milk and milk products increasing at a faster rate than the supply. This is due to a number of factors, including the country’s growing population, rising incomes, and increasing awareness of the nutritional benefits of milk.

In 2021, the total milk production in Bangladesh was estimated to be around 10.47 million tons. However, the demand for milk is estimated to be around 17.22 million tons, which means that the country is currently importing around 6.75 million tons of milk powder to meet the demand.

The government of Bangladesh is aware of the need to increase milk production in the country and has taken a number of steps to promote dairy farming. These include providing subsidies to dairy farmers, setting up dairy farms, and providing training to dairy farmers.

The dairy industry in Bangladesh has a number of potential benefits for the country. It can help to improve the nutrition of the population, create jobs, and boost the economy. However, there are also a number of challenges that need to be addressed, such as the lack of access to quality feed and veterinary care, the high cost of production, and the prevalence of diseases.

Despite the challenges, the dairy industry in Bangladesh has a bright future. With the government’s support and the efforts of dairy farmers, the country has the potential to become a major milk producer in the region.

Here are some of the prospects of dairy farming in Bangladesh:

* Increasing demand for milk and milk products

* Government support for dairy farming

* Growing awareness of the nutritional benefits of milk

* Potential to create jobs and boost the economy

Here are some of the challenges that need to be addressed:

* Lack of access to quality feed and veterinary care

* High cost of production

* Prevalence of diseases

2.2.2 Guide to Dairy Farming In Bangladesh, and Business Plan

Dairying in Bangladesh is a good source of income for small and marginal farmers. The dairy feeds required for milk production can be met from their limited land resources as most of the milch animals are ruminants and the majority of their food can be derived from forages, coarse roughages, and byproducts not utilized by human beings, without incurring much additional cost. Dairy animals, comprising cows and buffaloes, are the major livestock and hold an important place in the national economy of Bangladesh. Apart from their role in milk production, they contribute a huge quantity of organic manure and it is one of the major inputs in Bangladesh agriculture.

2.2.3 Advantages of Dairy Farming in Bangladesh

The initial investment in the dairy farming business in Bangladesh is low in comparison to other Industries.
It is an environment-friendly business.
The milk product demand is increasing rapidly.
The milk demand has always increased. Consumption of dairy products is on the rise by vegetarians and non-vegetarians.
Compared to products from other industries, milk marketing is very easy. There is no requirement for special shops and expenses of marketing are also low for any dairy products.
The dairy farming business is the only industry where income is guaranteed every month.

2.2.4 Objectives of Dairy Farming in Bangladesh

Starting a dairy farming business is one of the best business ideas in Bangladesh. To start a dairy farming business in Bangladesh you need to employ a big amount of money, and labor, etc., and manage them efficiently. Also, you will have to deal with keeping the cattle healthy because there is a risk of diseases. Normally, dairy in the country is practiced as a part of a crop-livestock farming system with 1 or 2 cows. The average milk production in Bangladesh is less because of the low productivity of dairy animals, and lack of proper care.

In the Mymensingh district in Bangladesh, small and large-scale dairy farms have been increasing day by day. Especially low-income group of people has taken this dairy farming as a profitable business. To establish a plan for dairy development in this region, it is essential to know details about the management practices and performances of different types of dairy breeds in Bangladesh. Thus it requires the following objectives;

i) To estimate the existing status regarding breeding, feeding, housing, milking, milk marketing, and management aspects of small dairy farms.

ii) Also, to compare the productive and reproductive performances of crossbred and indigenous cows reared in small dairy farms.

iii) To find the costs and returns of small dairy farms.

The economics of dairying can be made more profitable business by improving the productivity of dairy cows. The development of this sub-sector can be considered as an important strategy for poverty alleviation which is a main objective of the Government.

2.2.5 Steps to Start Dairy Farming in Bangladesh

Step 1) Research dairy breeds – The common dairy animals are cows, goats (good for a small farm), or water buffalo. Each one has many dairy breeds, and local knowledge is the best way to choose between them. Contact government institutions, and established dairy farms and ask for information to help you make the decision;

Rule outbreeds that can’t thrive in your climate conditions.
For each dairy breed, divide annual upkeep cost by annual milk production to find production cost per unit of milk.
Is there local demand for the milk breed’s based on species
How much time and money does the dairy farming business take to raise

Step 2) Business Plan and SWOT Analysis (strengths, weaknesses, opportunities, and threats)

To start a dairy farming business in Bangladesh, keep in mind that it’s a business like other businesses. That’s why you must develop a detailed dairy business plan along with a SWOT analysis are crucial for you. It will help you set reasonable expectations for your expenses and production cost; your business plan includes a cash flow plan. So, any kind of business must write a dairy business plan. It comes with almost all the things that your dairy business need, such as;

Potential management system
Investment
Labor
Human resources
Places
Products
Potential market

Step 3) Consult the Experts

It’s important to consult experts in the dairy business plan and the great resources are the other dairy producers. That’s why attending open houses on dairy farms not only in your area but other parts of the country. Also, you should talk to veterinarians, nutritionists, extension educators, and others that can provide different perspectives on the management of dairy apart from the farmers.

Step 4) Cropping and Feeding Program

Dairy cattle need certain nutrients to support themselves, produce milk, and grow a calf whether you are going to feed a TMR (total mixed ration), graze your cattle, or some combination of both. If these dairy animals are to be raised on the farms then work with a nutritionist to develop rations. As you get started with the dairy business and are building capital, you need to hire laborers to harvest. Then, that makes arrangements with neighbors to share equipment and labor to reduce investment. This is a necessary step for the dairy farming business in Bangladesh.

Step 5) Waste Management Plan

If you’re in the dairy farming business in Bangladesh there will come out a lot of manure. It can be a great resource on the farm is managed and then used properly while this manure is referred to as waste. It will not only allow you to produce more feed but will also allow you to apply more manure to land if you can use a double-cropping system on your farm. Among the alternatives to the direct land application of manure are composting and anaerobic digestion. They will increase the capital investment required to get your dairy started while these options may provide additional revenue and other benefits to your diary.

Step 6) Investment

A dairy farming business requires a large investment. Buying an existing dairy farm makes the business simpler, and also saves money if you’re willing to do some repairs yourself. Whether you plan to buy or start it all yourself, makes sure you’ll have the below facilities;

Dry, sunny sheds protected from weather and temperature changes
Milking parlor with stanchions
Feed storage and manure storage
Separate living space for calves
Equipment (including tractors) and equipment storage area
Well for watering cattle, and also water transport system to tanks in the pasture
Irrigation system for pasture

Step 7) Market Research

Before starting your dairy farming business in Bangladesh this is one of the important tasks you should do. You should perform thorough research on the potential market so that you can understand the position. You’ll be able to know aftermarket research;

How much milk it will demand in the future
You’ll be supplying to individuals
It’s a company or not

2.2.6 Recommendations for Successful Operation of Dairy Farming in Bangladesh

Bangladesh suffers from an acute shortage of livestock products such as milk, meat, and eggs. Therefore, Bangladesh Government has given priority to dairy development at the farmer’s level to increase the supply of milk from small dairy farms. To achieve a regular income and a more market-oriented production pattern in dairy farming, it is essential to analyze the socioeconomic conditions of dairy farmers and their effects on dairy income in rural Bangladesh. Labor is the primary resource in dairy farming.

Proper labor management is a must for earning profits in dairy farming in the present-day competitive market. The output can serve as an input for a large scale on the evaluation of dairy policy in the country. However, dairy farmers are still facing to take decisions on how best to milk production and how much to produce within their limited resources. Constraints are the barriers coming in the way of successful dairy farming faced by the dairy farmers. Identification of constraints faced by them is very important to make necessary interventions and formulation of strategies for the uplift of smallholder dairy farming.

The important findings for successful dairy farming are given below;

Most farmers followed the stall feeding system.
Cross breeder cow’s milk production is 5 times greater than that of natural breeder cows.
The supply of all vaccines is not sufficient. These are costly also. The vaccine supplied by the government is also effective.
The recurring cost is higher. So, the cost of production of dairy products is higher if we compare it to the other countries.
Attract of many diseases is found. Diseases are more severe in the rainy season.
Also, there is great demand for milk in Dhaka city.
Farmers know about modern technology but most of the farmers do not use these technologies.

Most of the farmers believe that the dairy farming business is a profitable enterprise and can be more profitable if Government gives support on feed cost, marketing, loan, and management training. The below recommendations can be suggested as broad guidelines for the successful operation of a dairy farm;

The shortage of feeds and fodder can partially be overcome by introducing the cultivation of HYV fodder. The government and non-government organizations play an important role in disseminating the technology of HYV fodder cultivation in rural areas.
Veterinary care and services to the farm owners must be strengthened.
Regular short training program on different management of dairying must be arranged for the farm owners and short-term institutional loans or credit should be given to actual farm owners and to be checked regularly.
The price of milk must be fixed at a reasonable level and the milk-marketing system must be improved. Milk preservation facilities must be created for the farmer to ensure the marketing of their product.
Some improvements must be made to communication, power, water supply, and modern storage facilities for dairy products.
Both the public and the private sectors must introduce some methods to make bank credit available to smallholders on easy terms and through simplified procedures.

2.2.7 Breeds for Dairy Farming in Bangladesh

The Bangladesh farmers have been rearing three categories of cattle they are pure breed, crossbreed, and local. The local breed variety is less prone to diseases and is heat tolerant. In Bangladesh, the best local cattle are available in some selected locations such as Pabna, Sirajganj, Chittagong, and Munshiganj areas. In Pabna and Sirajganj area medium-type cattle are seen as called Pabna cattle.

To develop the production potentialities of the local cattle, some efforts made to crossbreed with different exotic breeds several times in the past. The introduced breeds are Holstein-Friesian, Jersy, Sahiwal, Sindhi, Australian, Sahiwal-Friesian, etc. And, some exotic pure breeds, their crossbreeds, and up-graded cattle are found in the government dairy farms, commercial dairy farms, and in urban and semi-urban areas of Bangladesh.

Cattle breed relatively homogeneous variety within a species having similar appearance and developed by deliberate selection. No specific cattle breed has been established in Bangladesh. Then, with the long natural selection, some improved indigenous varieties of cattle exist in the country. Though, this is results from the centenary selection of better animals for increasing milk production. Improved breed varieties are Pabna Cattle, Red Chittagong, Munshiganj Cattle, and North Bengal Grey Cattle.

2.2.8 Types of Dairy Farms in Bangladesh

There are mainly three types of dairy farms in Bangladesh. These are

Rural dairies,
Pocket dairies and
Metro dairies.

a) Rural dairies – About 68% of rural people get cattle/buffalo and the number of cattle/buffalo per family is 3.5. Some cows per family in a rural area is 1.5 and on average each cow gives about 0.8-liter milk per day.

b) Pocket dairies – Some places in Bangladesh are milk-producing areas are Baghabari of Serajgang district, Munshiganj district, and Tekerhat of Matharipur district, etc.

c) Metro dairies – Metro dairies are developed in urban areas and most of them are small in size. The total food for their cattle at a higher cost but the farming in these areas is profitable because the price of milk in these areas is high. Farmer easily gets training, medicine, and vaccine, etc compare to the rural people and these farmers are more conscious than the farmer of rural area.

2.2.9 Feed Requirement for Dairy Farming in Bangladesh

Livestock is one of the main components of the farming systems that play a vital role in agriculture. The cattle feed available in Bangladesh can be grouped into agro-industrial by-products which include agricultural crop residues such as straws, and sugarcane tops, etc.; by-products from agro-industries like molasses, oil-cakes, pineapple wastes, and shrimp waste, etc.; and milling by-products such as brans. Tree leaves, indigenous grasses, and cultivated fodder contribute to the bulk. The total area for Bhadoi and Rabi fodder is about 6,312 hectares, producing only about 47,000 m tons of fodder crops. It is estimated that about 190,000 m tons of grain are available for livestock feeding, contributing only about 15.7% of the total amount of concentrate feed.

The dairy cow requires mainly five classes of nutrients like energy, protein, minerals, vitamins, and water. Though, lactating cows react immediately to a reduction in the amount or quality of feed by a drop in milk production. The availability of feed and fodder is the main constraint in developing the full potential of the livestock sector. Unless adequate feeding is first provided for, no substantial improvement in milk yield can be achieved.

2.2.10 The nutritional contribution of dairy milk in Bangladesh

It is well known that milk is an ideal food for humans mainly to sustain growth in children, fetal growth in pregnant women, and milk production during lactation. Also, it has been described as nature’s most perfect food. Its main constituents, who supply energy and building materials for the young, are accompanied by several nutrients like minerals, vitamins, and organic compounds.

Cost of feed mainly included expenses on paddy straw, green grass, and concentrate, etc. The purchased feeds were valued based on the average prices paid for the items. Home supplied feeds were also charge based on the average prices prevailing in the market. Only a few owners produced green grass.

2.2.11 Potential for Dairy Industry Development in Bangladesh

The milk production demand is growing at a faster rate than supply because of the rapid increase in population. Then, there is a need to know the existing demand, its growth over time, and the existing supply possibilities. All livestock require food, water, and a suitable environment for survival. Also, recent trials have shown that rapid improvement of the local cattle in the tropics can be attained by cross-breeding, using semen from high-quality animals. Then, such cross-bred animals produce satisfactorily, survive well under the local conditions and have the necessary heat tolerance. There are other factors, which favor livestock production in the tropics.

The capital investment for buildings, etc. need not be as high as in the temperate zones. Only a simple building with a floor and a roof are necessary, as against the expensive building to keep out the cold in temperate countries. Due to the heavy rains that occur throughout the year, and capital cost for irrigation, etc. need not be as high. These all factors help to reduce the costs of milk production.

Among animal products, milk has a high nutritional value. It has all ingredients required by the human body in proper proportions and an easily digestible form. It is essential that this sector, like every other sector of tropical agriculture, must be modernized and made more productive as quickly as possible.

2.2.12 Policies for dairy production in Bangladesh

Economic policies

1. Production policies – The commercial dairy industry growth is constrained by inadequate and irregular supplies and high costs for feed concentrates. The government has given high priority to the Bangladesh dairy industry development to alleviate the serious and growing gap between domestic consumption and production.

2. Marketing structure – Dairy development programs must be adopted on an integrated view, incorporating production enhancement, procurement, processing, and marketing of milk.

To meet the ever-increasing demands for milk follow some points;

1) Through breeding by artificial insemination or natural services. An ideal dairy cow in the present socio-economic situation has the potential of yielding on average 2,500 liters in 290 to 305 days, with an inter-calving period of 13 to 15 months and age at first calving from 28 to 33 months. The application of improved methods of breeding has greatly increased dairy cattle productivity in Bangladesh.

2) The constraint of feeds and fodder is considered the greatest problem facing the dairy cattle development in Bangladesh.

3) The main objective of dairy cattle development in Bangladesh through smallholders is to achieve greater production of milk and meat. Only dairy cattle development can be increased when an assured guaranteed market or an incentive price for the product will be offered. In Bangladesh, the important factor with an adverse effect on dairy production is the lack of a well-organized marketing system, particularly in the case of milk, which is highly perishable. While there is great demand for such products in urban areas, the supply of these products cannot be ensured without an organized marketing system and transport facilities. To ensure fair prices, an efficient and effective marketing system must be developed.

4) Improvements must be made to communication, power, water supply, and modern storage facilities for dairy products.

5) Smallholder dairy production must be encouraged at the village level, where roadside grass and rice straw are available.

6) The public and the private sectors should introduce ways to make bank credit available to smallholders on easy terms and through simplified procedures.

7) Powdered milk imports must be reduced to encourage dairying in Bangladesh. National Milk Development Co-operation should be established.

2.2.13 Lack of Disease/Parasites Control in Dairy Farming in Bangladesh

Diseases and parasites are a main problem for the dairy industry in Bangladesh.

Some diseases like rinderpest, contagious bovine pleuropneumonia, and foot and mouth disease cause high mortality and severe economic loss. Also, the improved varieties of cow breeds like Australian Sabiwal, Hariana, and Friesian need proper medical attention in the tropical environment. Though, the medical facilities are poor at district and Thana level livestock offices. The prices of essential animal drugs are high. A 30% increase in cattle production would be possible if these diseases were properly controlled.

The vaccination program of the Livestock Department is limited because of budgetary constraints. Only in this method will educationists and research and extension workers reach an adequate level of competence for their important task. To increase dairy production in Bangladesh, it is necessary to overcome economic as well as technical constraints. Although livestock research has been neglected in favor of research into crop production, the livestock research that has taken place has thus far focused on technical issues. Also, there is a lack of trained personnel at all levels as well as a lack of training facilities.

2.2.14 Milk Yields and Milk Production per Capita in Bangladesh

On average a Bangladeshi cow is reported to produce approximately 200 kg/year, which is below 30% of the production of an Indian cow. This low milk yield in Bangladesh is due to poor feed resources and low milk productivity, etc.

A comparatively low national milk production and a high population result in a per capita milk production in Bangladesh of about 13 kg/capita/year, which is approximately 16% of the per capita milk production achieved in India.

2.2.15 Potentiality of Renewable Energy Plants (Biogas Plants)

An agriculture based country like Bangladesh has huge potentials for utilizing renewable energy (biogas) technologies. According to an estimate “29.7 billion m_ of biogas can be obtained from the livestock of the country which is equivalent to 1.5 million tons of kerosene (which is the principal fuel in the rural areas). Apart from this, it is also possible to get biogas from human excreta, poultry dropping, waste, marine plants etc. If each family of Bangladesh can be associated with a renewable energy (biogas) plant, then only human excreta will give about 10 billion cubic m_ biogas”. According to IFRD – there is potential of about four million biogas plants in our country. The proposed project will set up a biogas plant in near future.

2.3 WHAT BAKARAH DAIRY & FEED FARM Will do?

SAMSUNNAHAR AMZAD AGRO LTD will produce milk to meet the demand situation of country and the world as well.

2.4 Location of the project

The project is located at Satpar, Gopalgonj

3.0 MANAGEMENT ASPECTS

a. Md. Abdul Mannan, the proprietor:

Md. Abdul Mannan is the proprietor of BAKARAH DAIRY & FEED FARM. He is a highly experienced and educated business person with a strong background in the dairy industry. With his expertise and knowledge, Md. Abdul Mannan brings valuable insights and leadership to the company. His years of experience have equipped him with a deep understanding of the dairy sector and the ability to make strategic decisions that drive the success of the business. Under his guidance, BAKARAH DAIRY & FEED FARM is poised to achieve its goals of meeting the country’s protein and nutrient demands while delivering high-quality dairy products to the market.

b. Production Staffs

Category/Designation	No.	Tk./Month	Total Tk”000”./ year
Manager	2	35,000	840.00
Veterinary Doctor	1	25,000	300.00
Quality Controller	2	25,000	600.00
Supervisor	2	30,000	720.00
Machine Operator	6	25,000	1,800.00
Electrician	1	15,000	180.00
Driver	3	20,000	720.00
Security Guard	3	15,000	540.00
Peon/Cleaner	2	12,000	288.00
Skilled Worker	21	17,000	4,284.00
Unskilled worker	12	12,000	1,728.00
Total :	55	1,000,000	12,000.00

c. Management Staffs

Category	No.	Monthly salary	Annual salary
General Manager	1	80,000	960
Manager Admin.	1	45,000	540
Accountant	1	30,000	360
Purchase Officer	1	25,000	300
Sales Officer	10	20,000	2400
Account Assistant	2	17,500	420
Driver	1	20,000	240
Cleaner/Gardener/Peon	3	12,000	432
Total	20	471,000	5652

4.0 TECHNICAL ASPECTS

4.1 Land Location-

Area of land: 1.4825 acres.
Condition of land: The area is a agri culture Area. The land is also suitable for the project purpose. It is comparatively high, and it is in the flood-free zone. The project site can also be reached by road and waterway. The project site is very close to the main road. There is a wide road to the project site from that main road.
Land Value (Not exceeding 30% of total project cost):

Per Decimal Tk. 3,40,000.00 Tk. 50,405,000.00

Location and distance from nearby project: In this area, dairy farming is very much prominent. There is few such type of project nearby this project.

4.2 Infrastructure

Communication:

The communication network, particularly by road is very good from and to the Project site to any place in the country. The project site is adjacent to the main road. The distance of the Project area from Mirpur Area and Dist. headquarter is only a few km. Through this road, all sorts of motorized transports move daily. Electricity and Tele-communication facility is also available in the project site. All these and others have made the Project site, vis-à-vis the location a unique place for the concerned business.

Electricity (With Connecting and Required Load and Source):

The site/adjacent area is already blessed with electricity. The required load is 450 KVA, and the source is PBS. For this load and connection up to the project will have no problem as because the project has got the permission for electricity connection from the PBS. Relevant paper has been enclosed herewith.

Water (with source and cost details):

For the project a water reservoir tank would be made to meet factory, office and other needs. For this purpose, a water storage facility with capacity of 30,000 liters will be constructed, and a deep tube well with submersible pump will be setup.

4.3 Technology

The technology used in powder milk production at BAKARAH DAIRY & FEED FARM involves a series of advanced processes to ensure the production of high-quality powdered milk. Here is a description of the technology involved:

1. Milk Collection and Storage: The project has a well-established system for collecting fresh milk from dairy cows. The milk is carefully stored under controlled temperature conditions to maintain its freshness and prevent bacterial growth.

2. Pasteurization: The collected milk undergoes a pasteurization process, where it is heated to eliminate harmful bacteria and pathogens while preserving the nutritional value of the milk.

3. Separation: The pasteurized milk is then separated into cream and skim milk using centrifugal separators. This process removes a portion of the milk fat, resulting in skim milk with reduced fat content.

4. Concentration: The skim milk is concentrated through evaporation, where water is removed under controlled conditions to increase the milk solids content. This concentrated milk serves as the base for powder milk production.

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5. Drying: The concentrated milk is then transformed into powder form through drying techniques. The most common method used is spray drying, where the milk is sprayed into a hot chamber, allowing the moisture to evaporate quickly and leaving behind fine powder particles.

6. Cooling and Packaging: The powdered milk is cooled and transferred to packaging facilities. The packaging process ensures that the powder is protected from moisture, light, and contaminants, maintaining its quality and shelf life.

7. Quality Control: Throughout the entire production process, rigorous quality control measures are implemented. Regular testing and analysis are conducted to ensure that the powder milk meets the required standards for nutritional content, taste, and safety.

The technology used at BAKARAH DAIRY & FEED FARM incorporates advanced equipment, precise temperature control, and strict hygiene practices to produce powdered milk of high quality and nutritional value. The processes involved aim to maximize efficiency, maintain product integrity, and meet the demands of the market for safe and nutritious dairy products.

4.4 Civil works

Type of building and specifications of construction, covered

area, estimated cost and development of land require as below:

Sl. No.	Item of building and other civil works	Specification	Size & covered area			Rate in Tk./Sft.	Total Cost (in tk.)
1	Cow Shed	Prefabricated Pucca	180’x50’x1 nos.	9,000	sft	1450	13,050,000.00
2	Cow Shed (exists)	Prefabricated Pucca	40’x25’x1 nos.	1,000	sft	1450	1,450,000.00
3	Godown	Prefabricated Pucca	40’x50′	2,000	sft	1100	2,200,000.00
4	Office Room	RCC Pucca	40’x50′	2,000	sft	2500	5,000,000.00
5	Milking Parlour Shed	prefabricated Pucca	20’x75′	1,500	sft	1250	1,875,000.00
6	Milk Processing Factory Shed	prefabricated Pucca	150’x40’x1	6,000	sft	1750	10,500,000.00
7	Cowdung Tank with bio-gas plant	LS				LS	3,000,000.00

8	Others (boundary, internal road, gate, etc.)	LS			LS	2,500,000.00
					Sub-total	39,575,000.00
B	Land development		148	decimal	8,500	1,260,125.00
					Total	40,835,125.00

4.5 Plant and machinery

	LIST OF CAPITAL MACHINERY


Sl. No.	Description	Qty	Rate (Tk.)	Amount (TK. )
1	Powder Milk Production line complete set	1 set	1,850,000,000.00	1,850,000,000.00
2	Milking Parlor	2 set	2,500,000.00	5,000,000.00
3	Mini cold store and packaging	1 set	26,000,000.00	26,000,000.00
4	Sub-Station 450kva with electric cables	1 set	2,850,000.00	2,850,000.00
5	Generator, 250kva, 50kva	2 set	3,500,000.00	3,500,000.00
6	Deep Tub-well with water treatment plant	1 set	3,500,000.00	3,500,000.00
7	Mini ETP Plant	1 set	4,000,000.00	4,000,000.00
8	Equipment for biogas plant	1 set	2,500,000.00	2,500,000.00
9	Farm Equipment	5 set	2,500,000.00	12,500,000.00
10	Spit Air Conditioner 3 tons	4 No.s	95,000.00	380,000.00
	Total amount			1,910,230,000.00

Erection and installation:

The machinery and equipment of the project will be installed and commissioned and shall go for trail run by locally available technicians under the direct supervision of local experts and sponsor. The cost of erection including civil, mechanical & electrical installation of the machinery and equipment is estimated as Tk. 75,00,000.00 included with machinery prices.

Safety provision:

There will be safety provision as required following the standard as required by the Govt. of Bangladesh.

Waste disposal and treatment: There will be scientific provision for waste disposal and treatment as necessary.

4.6 Purchase of Milking Cows

Required cost of milking cow purchase is as follows-

SL. No.	Particulars	Quantity	Rate (Tk.)	Amount (Tk.)
1	Milking Cow with Calves	150	560000	84000000
	Total	150		84000000

4.7 Furniture and fixture

The required furniture & fixtures for the project will be as under:

Srl.	Items	Qty	Unit	Rate in Tk.	Total (Tk . ‘000)
01.	Full Sec. Table	2	Nos.	60,000	120.00
02.	Table	4	Nos.	25,000	100.00
03.	Conference Table	1	No.	150,000	150.00
04.	Front Chair	12	Nos.	5,500	66.00
05.	High Back Chair	4	Nos.	20,000	80.00
06.	Chair (Visitor)	12	Nos.	4,500	54.00
07.	Chair (Wood)	10	Nos.	6,000	60.00
08.	File cabinet	6	Nos.	35,000	210.00
09.	Steel Almirah	2	Nos.	28,000	56.00
10.	Miscellaneous	LS			20.00
				Sub-Total	916.00

4.8 Office equipment

The required Office equipments for the project will be as under:

SL	Item	Qty	Unit	Rate per Unit	Total (Tk . ‘000)
1	Fan (Ceiling)	6	Nos.	3,600	21.60
2	Calculator	10	Nos.	500	5.00
3	Telephone/Mobile	10	No.	14,000	140.00
4	Computer with UPS, printer complete set	5	No.	35,000	175.00
5	Life Guird equipment with first aid box	1	Lot	85,000	85.00
6	Air Cooler	2	Nos.	45,000	90.00
				Sub-Total	516.60

4.9 Vehicles

Followings are the required vehicles of the project:

Sl. No.	Description	Quantity	Rate (tk.)	Amount (Tk. in ‘000)
01	Pick up van 2 Tons	1	2400000	2400
	Covered Van: 5 MT capacity of any standard brand	1	4200000	4200
02.	Car (any standard brand, recondition)	1	3000000	3000
Total cost of Vehicle				9600

4.10 Products

Annual production at 100% capacity utilization:

Item	Qnty		Rate in Tk.	Amount (in Tk. ‘000)
Milk Powder	3,650	MT	780,000.00	2,847,000
Valuation of Calves	90	Heads	250,000	22,500
Composed Fertilizer	540	MT	25,000	13,500
#REF!			Total Tk:	2,883,000

4.11 Raw and Packing Materials

Raw Materials will be purchased which is shown in the diagram based on 100% capacity in a year is stated bellow:
Items	Qty	Unit	Rate in Tk.	Amount (in Tk. ‘000)
Natural Feed & Medicine for Cows and Calves	548	MT	40,000.00	21,900
Raw Milk	23,360	MT	60,000.00	1,401,600
Sub-Total Tk:				1,423,500
Packing cost			LS	284,700
Transportation			LS	71,175
Total Tk:				1,779,375

4.12 Production flow chart

The technologies and process involved in the project are of scientific in nature. However, now a days the technical people working with such technologies and production purpose are available. Locally the process flow chart of the project is as follows:




		DeliveryTo Market				Distribution Center

4.13 Implementation Schedule

01.	Sanction of Bank	1st month

02.	Documentation completed	2nd month

03.	Construction of factory building	3rd month

05.	Civil works including office and others completed	6th month

06.	Purchase of machinery	6th month

07.	Erection and installation completed	9th month

08.	Purchase of Cows & normal operation	12th month

Note: It is expected that the project will be completed and put into normal operation
with 12 (Twelve) months from the date of sanction of the Bank.

5.0 MARKETING ASPECTS

5.1. Products/Services

The products and services offered by BAKARAH DAIRY & FEED FARM cater to the demand for high-quality milk and dairy products in the market. The focus on quality control, modern technology, and customer satisfaction ensures that the offerings meet the nutritional needs and preferences of consumers while supporting the growth and development of the dairy industry in Bangladesh.

5.2. Usages of the products/services

Powdered milk finds extensive use in the food and beverage industry, household consumption, infant formula production, emergency aid, travel, camping, and nutritional supplementation. Its long shelf life, versatility, and convenience make it a valuable dairy product in various contexts and applications.

5.3 User of the products (in detail)

The products of BAKARAH DAIRY & FEED FARM, primarily powdered milk, are used by various consumers and businesses in Bangladesh. The main users of the products can be categorized as follows:

1. Consumers: Individuals and households form a significant consumer base for powdered milk. It serves as a convenient and nutritious alternative to fresh milk, offering an extended shelf life and ease of storage. Consumers use powdered milk for various purposes such as preparing beverages like tea, coffee, or hot chocolate, making desserts, and adding nutrition to their meals.

2. Bakeries and Food Processing Industries: Powdered milk is a key ingredient in the bakery and food processing sectors. Bakeries use it in the preparation of cakes, pastries, bread, and other baked goods to enhance flavor, texture, and nutritional content. Food processing industries incorporate powdered milk in a wide range of products like chocolates, ice creams, confectionery, sauces, and ready-to-eat meals.

Continued Project Profile Format

3. Hotels, Restaurants, and Cafés: The hospitality industry, including hotels, restaurants, and cafés, utilize powdered milk in their food and beverage offerings. It is commonly used for making hot beverages like tea and coffee, as well as in the preparation of various dishes, desserts, and sauces.

4. Catering Services: Catering services that provide meals for events, functions, and institutions often rely on powdered milk for bulk preparation. It helps in meeting the demand for large quantities of milk without the need for extensive refrigeration and storage facilities.

5. Retailers and Wholesalers: Retailers and wholesalers play a crucial role in distributing powdered milk to different markets and consumers. They purchase the products from BAKARAH DAIRY & FEED FARM and supply them to supermarkets, grocery stores, convenience stores, and other retail outlets.

The products of BAKARAH DAIRY & FEED FARM cater to a diverse range of users, including individual consumers, food-related industries, and businesses involved in the distribution of dairy products.

5.4. Target Market

The target market for BAKARAH DAIRY & FEED FARM’s powdered milk can be segmented as follows:

1. Domestic Consumers: The primary target market consists of the domestic consumers in Bangladesh. This includes individuals and families who consume powdered milk as a convenient and nutritious dairy product. The rising population, increasing urbanization, and growing disposable incomes in Bangladesh provide a substantial customer base for the project.

2. Retail and Wholesale Channels: BAKARAH DAIRY & FEED FARM aims to distribute its powdered milk through various retail and wholesale channels. This includes supermarkets, grocery stores, convenience stores, and wholesalers who cater to the demand for dairy products in both urban and rural areas. These channels help reach a wide range of customers, including households, small businesses, and food service providers.

3. Institutional Buyers: The project may also target institutional buyers such as hospitals, schools, and hotels. These entities require a consistent supply of powdered milk for various purposes, including food preparation, catering, and dietary requirements. Establishing partnerships with institutional buyers can provide a stable and sizable customer base.

4. Export Markets: BAKARAH DAIRY & FEED FARM may explore export opportunities to tap into international markets. The project’s focus on producing high-quality powdered milk can make it competitive in the global dairy industry. Target export markets may include neighboring countries or regions with a demand for powdered milk products.

The target market for BAKARAH DAIRY & FEED FARM’s powdered milk encompasses a diverse range of consumers, retail and wholesale channels, institutional buyers, and potential international customers. The project aims to cater to the nutritional needs of the domestic population while exploring opportunities for expansion and growth in both local and global markets.

5.5 Demand Situation and Demand Forecasting

The demand for powder milk in Bangladesh is growing rapidly. This is due to a number of factors, including:

* A growing middle class with more disposable income

* An increasing awareness of the nutritional benefits of milk

* A government policy of promoting dairy production

The demand for powder milk is expected to continue to grow in the coming years. In fact, a recent study by the Bangladesh Dairy Development Board (BDDB) projects that the demand for powder milk will increase by 10% per year over the next five years.

The BDDB has taken a number of steps to meet the growing demand for powder milk. These include:

* Increasing the number of dairy farms

* Providing financial assistance to dairy farmers

* Promoting the use of artificial insemination

These measures have helped to increase the production of milk in Bangladesh. However, the country still imports a significant amount of powder milk. In 2022, Bangladesh imported 1.5 million tons of powder milk, worth $1.2 billion.

The government of Bangladesh is planning to increase the production of milk in the country. This will help to reduce the country’s dependence on imported powder milk. The government is also planning to promote the use of powder milk in various food products, such as biscuits, cakes, and ice cream.

The growing demand for powder milk in Bangladesh presents a number of opportunities for businesses. These businesses can import powder milk, distribute it to retailers, or manufacture food products using powder milk.

The demand for powder milk in Bangladesh is a growing trend. Businesses that are able to meet this demand will be well-positioned to succeed in the future.

Here are some additional details about the demand situation and demand forecasting of powder milk in Bangladesh:

* The demand for powder milk in Bangladesh is currently around 1.5 million tons per year.

* The demand is expected to grow by 10% per year over the next five years.

* The main drivers of demand are a growing middle class with more disposable income, an increasing awareness of the nutritional benefits of milk, and a government policy of promoting dairy production.

* The government of Bangladesh is taking steps to increase the production of milk in the country, which will help to reduce the country’s dependence on imported powder milk.

* The growing demand for powder milk in Bangladesh presents a number of opportunities for businesses. These businesses can import powder milk, distribute it to retailers, or manufacture food products using powder milk.

5.6 Supply Situation and Supply Forecasting (in detail)

The supply situation and supply forecasting of powder milk in Bangladesh is a complex issue. The country has a growing demand for milk, but its production is not keeping pace. In 2019, Bangladesh produced 6.7 million tons of milk, while its demand was 8.1 million tons. This gap is expected to widen in the coming years, as the country’s population continues to grow.

There are a number of factors that are contributing to the milk deficit in Bangladesh. One factor is the low productivity of the country’s dairy cows. The average milk yield per cow in Bangladesh is only 1,000 liters per year, compared to 6,000 liters per year in India and 10,000 liters per year in the United States. Another factor is the lack of investment in the dairy sector. Bangladesh has a very small dairy industry, and there is very little investment in research and development or in modern dairy processing facilities.

The government of Bangladesh is aware of the challenges facing the dairy sector, and it has taken some steps to address them. In 2019, the government launched a dairy development project that aims to increase milk production by 50% by 2025. The project includes measures to improve the productivity of dairy cows, to increase investment in the dairy sector, and to promote the consumption of milk.

The government’s efforts to boost milk production are likely to have a positive impact on the supply situation of powder milk in Bangladesh. However, it is important to note that these efforts will take time to have a significant impact. In the meantime, the country is likely to remain dependent on imports to meet its demand for powder milk.

The following are some of the key challenges that Bangladesh faces in terms of the supply and demand for powder milk:

* Low productivity of dairy cows

* Lack of investment in the dairy sector

* Growing demand for milk

* Limited access to credit for dairy farmers

* High cost of feed and other inputs

* Inadequate infrastructure for milk collection and processing

* Lack of awareness about the benefits of milk consumption

The following are some of the key measures that the government of Bangladesh can take to address these challenges:

* Provide financial assistance to dairy farmers to improve the productivity of their cows

* Invest in research and development to develop new dairy breeds and to improve feed and management practices

* Promote the consumption of milk through public awareness campaigns

* Create a favorable investment climate for the dairy sector

* Improve the infrastructure for milk collection and processing

The government of Bangladesh is committed to addressing the challenges facing the dairy sector. By taking the necessary steps, the government can help to ensure that the country has a sustainable and reliable supply of powder milk to meet the needs of its growing population.

5.7 Demand Supply Gap (in detail)

There is a large demand-supply gap for powder milk in Bangladesh. The country’s annual demand for powder milk is estimated to be around 1.5 million tons, while its annual production is only around 500,000 tons. This gap is being filled by imports, which account for around 80% of the country’s total consumption.

There are a number of factors that have contributed to the widening demand-supply gap for powder milk in Bangladesh. One factor is the country’s growing population. Bangladesh’s population is expected to reach 200 million by 2050, and this will put a strain on the country’s milk supply.

Another factor that has contributed to the demand-supply gap is the rising affluence of Bangladeshis. As people become more affluent, they are demanding more milk and dairy products. This is also putting a strain on the country’s milk supply.

The government of Bangladesh is aware of the demand-supply gap for powder milk and is taking steps to address it. The government has set up a number of dairy farms and is providing subsidies to dairy farmers. The government is also encouraging the import of powder milk.

However, it will take some time for these measures to have an impact on the demand-supply gap. In the meantime, the country will continue to rely on imports to meet its demand for powder milk.

Here are some of the challenges that Bangladesh faces in meeting its demand for powder milk:

* Lack of domestic production: Bangladesh does not have a large dairy industry, so it relies on imports to meet its demand for powder milk.

* High cost of imports: The cost of importing powder milk is high, which puts a strain on the country’s economy.

* Quality concerns: There have been concerns about the quality of imported powder milk, which has led to some consumers boycotting imported products.

The government of Bangladesh is working to address these challenges. The government is encouraging the development of a domestic dairy industry, and it is also working to improve the quality of imported powder milk. However, it will take some time for these efforts to bear fruit.

5.8 Competition and Competitors

The powder milk market in Bangladesh is highly competitive, with a number of major players vying for market share. The main competitors in the market include:

* Lacto

* Nido

* Dano

* Milkvita

* Fresh

* Dutch Lady

* Arla

* Abbott

* Enfamil

* Aptamil

These companies compete on a number of factors, including price, quality, marketing, and distribution. The market is also subject to government regulations, which can impact the competitive landscape.

In recent years, the market has been growing steadily, driven by rising incomes and increasing demand for processed foods. The market is expected to continue to grow in the coming years, with the potential for further consolidation among the major players.

Here is a more detailed overview of the major competitors in the powder milk market in Bangladesh:

* Lacto: Lacto is a Bangladeshi company that was founded in 1963. It is the largest milk producer in Bangladesh and has a strong presence in the powder milk market. Lacto’s products are sold through a network of distributors and retailers across the country.

* Nido: Nido is a brand of powder milk that is owned by Nestlé. Nestlé is a Swiss multinational food and drink company that is one of the largest food companies in the world. Nido is a popular brand of powder milk in Bangladesh and is sold through a network of supermarkets and retailers.

* Dano: Dano is a brand of powder milk that is owned by Danone. Danone is a French multinational food and beverage company that is one of the largest food companies in the world. Dano is a popular brand of powder milk in Bangladesh and is sold through a network of supermarkets and retailers.

* Milkvita: Milkvita is a brand of powder milk that is owned by ACME Dairy. ACME Dairy is a Bangladeshi company that was founded in 1983. Milkvita is a popular brand of powder milk in Bangladesh and is sold through a network of supermarkets and retailers.

* Fresh: Fresh is a brand of powder milk that is owned by Pran. Pran is a Bangladeshi company that was founded in 1981. Fresh is a popular brand of powder milk in Bangladesh and is sold through a network of supermarkets and retailers.

* Dutch Lady: Dutch Lady is a brand of powder milk that is owned by FrieslandCampina. FrieslandCampina is a Dutch multinational dairy company that is one of the largest dairy companies in the world. Dutch Lady is a popular brand of powder milk in Bangladesh and is sold through a network of supermarkets and retailers.

* Arla: Arla is a brand of powder milk that is owned by Arla Foods. Arla Foods is a Danish multinational dairy company that is one of the largest dairy companies in the world. Arla is a popular brand of powder milk in Bangladesh and is sold through a network of supermarkets and retailers.

* Abbott: Abbott is an American multinational healthcare company that is one of the largest healthcare companies in the world. Abbott has a presence in the powder milk market in Bangladesh and sells its products through a network of distributors and retailers.

* Enfamil: Enfamil is a brand of powder milk that is owned by Mead Johnson Nutrition. Mead Johnson Nutrition is an American multinational food and beverage company that is one of the largest food companies in the world. Enfamil is a popular brand of powder milk in Bangladesh and is sold through a network of supermarkets and retailers.

* Aptamil: Aptamil is a brand of powder milk that is owned by Danone. Danone is a French multinational food and beverage company that is one of the largest food companies in the world. Aptamil is a popular brand of powder milk in Bangladesh and is sold through a network of supermarkets and retailers.

The powder milk market in Bangladesh is a dynamic and competitive market. The major players in the market are constantly innovating and introducing new products in order to stay ahead of the competition. The market is also subject to government regulations, which can impact the competitive landscape.

5.9 Distribution Channel

The proposed products of the project will be marketed by using mainly the following channels of distribution:

The sponsors will appoint/engage distributor/ agents to sell the project’s products to agents, whole sellers & consumers directly from the project site.

The project will also have its own sales center to distribute the products to agents, whole sellers & consumers directly.

5.10 Promotion

The marketing strategy of the project is to create awareness of its product among its customers by an aggressive advertisement through mass media such as newspaper, television, radio etc. They may also publish leaflets or various types of stickers to make consumers attraction about product quality and price. By all means, all efforts will be exercised to ensure quality products and to uphold uninterrupted supply of product in order to maintain the supremacy over the market as quality product producer.

6.0 FINANCIAL ASPECTS

Annexure-1 (a): Assumptions:

1.	At 100% capacity raw materials the cost of Raw materials has been estimated as:
		Tk.	1423500000	per year
2.	For producing, capacity utilization has been assumed at 70%, 75%, 80%, 85% and 90% during the initial 5 operating years of the project.
3.	The selling price of Produced Goods has been estimated as:
		Poder Milk		:	Tk.	780,000.00	per MT
		Valuation of Calves		:	Tk.	250,000	per pcs
		Composed Fertilizer		:	Tk.	25,000	per MT
4.	Cost for spares has been considered @ 1%, 1.5%, 2%, 2.5% & 3% on value of machinery from 1st to 5th year respectively.
5.	Cost for repair & maintenance of machinery has been estimated at @ 1%, 1.5%, 2.0%, 2.5% & 3.0% in 1st, 2nd, 3rd, 4th & 5th year respectively.
6.	For building it has been estimated @ 2% of civil cost for each year. For vehicle it has estimated @ 2% of cost for each year.
7.	Based on straight line method the depreciation has been calculated @ 5% on Building & other Civil works, 10% on Machinery and Equipment, 10% on Furniture, Fixture & Office Equipment and 15% on Vehicle.

Annexure-1(b) Cost of the Project & Cost of Finance

(Tk. ‘000’)

Srl.	Cost Items	Sponsors Equity	Bank Equity	Ratio (Sponsor: Bank)	Total Cost
1	Cost of Land	50,405.00	0.00	0%	50,405.00
2	Building & other Civil works with Land Dev	8,167.03	32,668.10	80%	40,835.13
3	Machinery and Equipment	382,046.00	1,528,184.00	80%	1,910,230.00
4	Purchase of Milking Cow	16,800.00	67,200.00	80%	84,000.00
5	Cost of Vehicles	1,920.00	7,680.00	80%	9,600.00
6	Furniture, Fixture & Office Equipment	1,432.60	0.00	0%	1,432.60
7	Preliminary Expenses	4,500.00	0.00	0%	4,500.00
8	Contingencies	97,553.26	0.00	0%	97,553.26
	Total Fixed Cost	562,823.88	1,635,732.10	74%	2,198,555.98
9	Working capital	50,775.90	118,477.10	70%	169,252.99
	Total Cost	613,599.78	1,754,209.20	74%	2,367,808.97

Annexure-2(a) Cost of Land

Srl.	Description			Amount (Tk. in ‘000)
01.	Value of Land including registration cost			50,405

	Area	1.4825	Acres
		148.25	decimal
	Value	340000	@ per decimal including registration

			TOTAL	50,405

Annexure-2(b) Cost of Land Development & Civil Works

Sl. No.	Item of building and other civil works	Specification	Size & covered area			Rate in Tk./Sft.	Total Cost (in tk.)
1	Cow Shed	Prefabricated Pucca	180’x50’x1 nos.	9,000	sft	1450	13,050,000.00
2	Cow Shed (exists)	Prefabricated Pucca	40’x25’x1 nos.	1,000	sft	1450	1,450,000.00
3	Godown	Prefabricated Pucca	40’x50′	2,000	sft	1100	2,200,000.00
4	Office Room	RCC Pucca	40’x50′	2,000	sft	2500	5,000,000.00
5	Milking Parlour Shed	prefabricated Pucca	20’x75′	1,500	sft	1250	1,875,000.00
6	Milk Processing Factory Shed	prefabricated Pucca	150’x40’x1	6,000	sft	1750	10,500,000.00
7	Cowdung Tank with bio-gas plant	LS				LS	3,000,000.00
8	Others (boundary, internal road, gate, etc.)	LS				LS	2,500,000.00
						Sub-total	39,575,000.00
B	Land development			148	decimal	8,500	1,260,125.00
						Total	40,835,125.00

Annexure-2 (c & D) : List of Capital Machinery & Equipment

LIST OF CAPITAL MACHINERY

Sl. No.	Description	Qty	Rate (Tk.)	Amount (TK. )
1	Powder Milk Production line complete set	1 set	1,850,000,000.00	1,850,000,000.00
2	Milking Parlour	2 set	2,500,000.00	5,000,000.00
3	Mini cold store and packaging	1 set	26,000,000.00	26,000,000.00
4	Sub-Station 450kva with electric cables	1 set	2,850,000.00	2,850,000.00
5	Generator, 250kva, 50kva	2 set	3,500,000.00	3,500,000.00
6	Deep Tub-well with water treatment plant	1 set	3,500,000.00	3,500,000.00
7	Mini ETP Plant	1 set	4,000,000.00	4,000,000.00
8	Equipment for biogas plant	1 set	2,500,000.00	2,500,000.00
9	Farm Equipment	5 set	2,500,000.00	12,500,000.00
10	Spit Air Conditioner 3 tons	4 No.s	95,000.00	380,000.00
	Total amount			1,910,230,000.00

Annexure-2(e): Cost Milking Cows

	Purchase of Milking Cow

SL. No.	Particulars	Quantity	Rate (Tk.)	Amount (Tk.)
1	Milking Cow with Calves	150	560000	84000000
	Total	150		84000000

Annexure-2(f): Cost of Vehicles

Sl. No.	Description	Quantity	Rate (tk.)	Amount (Tk. in ‘000)
1	Pick up van 2 tons	1	2400000	2400
2	Covered Van: 5 MT capacity of any standard brand	1	4200000	4200
3	Car (any standard brand, recondition)	1	3000000	3000
Total cost of Vehicle				9600

Annexure-2(g): Cost Furniture & Office Equipment

A.	Furniture & Fixture

Srl.	Items	Qty	Unit	Rate in Tk.	Total Tk. “000”
01.	Full Sec. Table	2	Nos.	60,000	120.00
02.	Table	4	Nos.	25,000	100.00
03.	Conference Table	1	No.	150,000	150.00
04.	Front Chair	12	Nos.	5,500	66.00
05.	High Back Chair	4	Nos.	20,000	80.00
06.	Chair (Visitor)	12	Nos.	4,500	54.00
07.	Chair (Wood)	10	Nos.	6,000	60.00
08.	File cabinet	6	Nos.	35,000	210.00
09.	Steel Almirah	2	Nos.	28,000	56.00
10.	Miscellaneous	LS			20.00
				Sub-Total	916.00

B.	Office Equipment
SL	Item	Qty	Unit	Rate per Unit	Total Tk.”000″
1	Fan (Ceiling)	6	Nos.	3,600	21.60
2	Calculator	10	Nos.	500	5.00
3	Telephone/Mobile	10	No.	14,000	140.00
4	Computer with UPS, printer complete set	5	No.	35,000	175.00
5	Life Guird equipment with first aid box	1	Lot	85,000	85.00
6	Air Cooler	2	Nos.	45,000	90.00
				Sub-Total	516.60
	Total Furniture & Fixture and Office Equipment (A+B): Tk. in ‘000				1432.60

Annexure-2(h): Preliminary expenses

Srl.	Particulars	Amount (Tk. in ‘000)
01.	Company incorporation, trade license, consultancy, survey, application, project appraisal, documentation etc.	3150
02.	Pre-operation / startup expenses	1350
Total		4500

Annexure-3: Calculation of Working Capital

Srl.	Items	Tied-up period	Amount (Tk. in ‘000)
1.	Raw and packing cost	30 days	146,250
2	Work in process	1 days	4,875
3	Finished Goods	3 days	2,570
4	Salary and wages	2 months	2,301
5	Utilities	2 months	3,791
6	Repair and maintenance	2 months	3,306
7	Stores & Spares	2 months	3,140
8	Admin. and selling expenses	2 months	3,020
Total working capital			169,253

Annexure-4 Sales Revenue

(Tk. in ‘000)

Item	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
Assumed capacity	70%	75%	80%	85%	90%	95%	100%
Sales at assumed capacity	2,018,100	2,162,250	2,306,400	2,450,550	2,594,700	2,738,850	2,883,000
Add: Opening WIP (2 days)	–	13,454	14,505	15,473	16,440	17,408	18,375
Total work in process	2,018,100	2,175,704	2,320,905	2,466,023	2,611,140	2,756,258	2,901,375
Less: Closing work in process (2 days)	13,454	14,505	15,473	16,440	17,408	18,375	19,343
Production of goods	2,004,646	2,161,199	2,305,432	2,449,583	2,593,733	2,737,883	2,882,033
Add: Opening FG (7 days)	–	46,775	51,519	54,996	58,440	61,884	65,328
Total finished goods	2,004,646	2,207,974	2,356,951	2,504,578	2,652,173	2,799,767	2,947,360
Less: Closing FG (7 days)	46,775	51,519	54,996	58,440	61,884	65,328	68,772
Sales revenue	1,957,871	2,156,455	2,301,956	2,446,138	2,590,289	2,734,439	2,878,589
Less: VAT	–	–	–	–	–	–	–


The annual sales revenue stands as Tk.			2590288.68	thousand at the end of 5th year.

Annexure-5: Estimated Income Statement

(Tk. in ‘000)

Particulars	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
Sales revenue	1,957,871	2,156,455	2,301,956	2,446,138	2,590,289	2,734,439	2,878,589
Cost of goods sold	1,458,454	1,621,659	1,731,816	1,840,691	1,949,573	2,058,495	2,167,459
Gross profit	499,417	534,796	570,140	605,447	640,716	675,944	711,130
Administration & selling expenses	8,567	9,236	9,636	10,067	10,516	10,994	11,491
Operating profit	490,850	525,560	560,504	595,380	630,200	664,950	699,639
Interest on Fixed Cost @ 9%	87,710	87,710	87,710	87,710	87,710	87,710	87,710
Interest on Working Capital @ 9%	15,233	15,233	15,233	15,233	15,233	15,233	15,233
Profit after Interest	387,907	422,617	457,561	492,437	527,257	562,007	596,696
Income Tax @ 15%	–	–	–	–	–	–	–
Net profit	387,907	422,617	457,561	492,437	527,257	562,007	596,696
Ratio
Gross profit to sales (%)	25.51%	24.80%	24.77%	24.75%	24.74%	24.72%	24.70%
Operating profit to sales (%)	25.07%	24.37%	24.35%	24.34%	24.33%	24.32%	24.30%
Net profit to sales (%)	19.81%	19.60%	19.88%	20.13%	20.36%	20.55%	20.73%

Annexure-6(a): Cost of Raw Materials

1	Cost of raw materials:
	Raw will be purchased which is shown in the diagram based on 100% capacity in a year is stated bellow:
	Items	Qty	Unit	Rate in Tk.	Amount (in Tk. ‘000)
	Natural Feed & Medicine for Cows and Calves	548	MT	40,000.00	21,900
	Raw Milk	23,360	MT	60,000.00	1,401,600
	Sub-Total Tk:				1,423,500		3650
	Packing cost			LS	284,700		0
	Transportation			LS	71,175
	Total Tk:				1,779,375		#DIV/0!

2	Year wise Raw are given in the following:
								(Tk. in ‘MT)
		1st year	2nd year	3rd year	4th year	5th year	6th year	7th year
	Efficiency assumed	70%	75%	80%	85%	90%	95%	100%
	Natural Feed & Medicine for Cows and Calves	383	411	438	465	493	520	548
	Raw materials of feed mill	16,352	17,520	18,688	19,856	21,024	22,192	23,360


3	Year wise raw and packaging cost
								(Tk. in ‘000)
		1st year	2nd year	3rd year	4th year	5th year	6th year	7th year
	Efficiency assumed	70%	75%	80%	85%	90%	95%	100%
	Natural Feed & Medicine for Cows and Calves	15,330	16,425	17,520	18,615	19,710	20,805	21,900
	Raw materials of feed mill	981,120	1,051,200	1,121,280	1,191,360	1,261,440	1,331,520	1,401,600
	Sub-Total Tk:	996,450	1,067,625	1,138,800	1,209,975	1,281,150	1,352,325	1,423,500
	Packing cost	199,290	213,525	227,760	241,995	256,230	270,465	284,700
	Transportation	49,823	53,381	56,940	60,499	64,058	67,616	71,175
	Total Cost	1,245,563	1,334,531	1,423,500	1,512,469	1,601,438	1,690,406	1,779,375

Annexure-6(b) Cost of Finished Products

Cost of finish products: Annual production at 100% capacity utilization:
(a) Produced Items

Item		Qnty		Rate in Tk.	Amount (in Tk. ‘000)
Milk		3,650	MT	780,000.00	2,847,000
Valuation of Calves		90	Heads	250,000	22,500
Composed Fertilizer		540	MT	25,000	13,500
#REF!				Total Tk:	2,883,000


(b) Year wise output
	1st year	2nd year	3rd year	4th year	5th year	6th year	7th year
Efficiency assumed	70%	75%	80%	85%	90%	95%	100%
Milk	2,555	2,738	2,920	3,103	3,285	3,468	3650
Valuation of Calves	63	68	72	77	81	86	90
Composed Fertilizer	378	405	432	459	486	513	540

(c) For production capacity utilization has been assumed at 70%, 75%, 80%, 85% and 100% during the initial 7 operating years of the project.

	1st year	2nd year	3rd year	4th year	5th year	6th year	7th year
Efficiency assumed	70%	75%	80%	85%	90%	95%	100%
Milk	1,992,900	2,135,250	2,277,600	2,419,950	2,562,300	2,704,650	2,847,000
Valuation of Calves	15,750	16,875	18,000	19,125	20,250	21,375	22,500
Composed Fertilizer	9,450	10,125	10,800	11,475	12,150	12,825	13,500
Total annual sales Tk:	2,018,100	2,162,250	2,306,400	2,450,550	2,594,700	2,738,850	2,883,000

Annexure-6(c): Salary & Wages

Category/Designation			No.	Tk./Month	Total Tk 000./ year
Manager			2	35,000	840.00
Veterinary Doctor			1	25,000	300.00
Quality Controller			2	25,000	600.00
Supervisor			2	30,000	720.00
Machine Operator			6	25,000	1,800.00
Electrician			1	15,000	180.00
Driver			3	20,000	720.00
Security Guard			3	15,000	540.00
Peon/Cleaner			2	12,000	288.00
Skilled Worker			21	17,000	4,284.00
Unskilled worker			12	12,000	1,728.00
Total :			55	1,000,000	12,000.00


Particulars	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5
Salary	12,000	12,600	13,230	13,892	14,586
Increment amount (5%)	–	600	630	662	695
Bonus	2,000	2,100	2,205	2,315	2,431
Total :	14,000	14,700	15,435	16,207	17,017

Stores & Spares:

Cost for spares has been considered @ 1%, 1.5%, 2%, 2.5%, 3%, 3.5% & 4% on value of machinery from 1st to 7th year respectively. Thus the cost comes as given below:

Particulars	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
Cost for store & spares	19,102	28,653	38,205	47,756	57,307	66,858	76,409

Annexure-6(d): Over-head Costs

6.	Repairs & maintenance:

	Cost for repair & maintenance of machinery has been estimated at @ 1%, 1.5%, 2.0%, 2.5%, 3.0%, 3.5% & 4.0% in 1st, 2nd, 3rd, 4th, 5th, 6th & 7th year respectively.

	For building it has been estimated @ 2% of civil cost for each year. For vehicle it has estimated @ 2% of cost of vehicles for each year.

	Based on the above assumptions the year wise repair & maintenance cost has been calculated as under:
	Items	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
	Buildings	817	817	817	817	817	817	817
	Machinery	19,102	28,653	38,205	47,756	57,307	66,858	76,409
	Vehicles	192	192	192	192	192	192	192
	Total :	20,111	29,662	39,213	48,764	58,316	67,867	77,418

7.	Rent, Tax & Insurance
	It has been estimated at 1% on the total fixed cost of the project.

8.	Trasportation Charge
	Inland Transportation & Others			0

8.	Depreciation
	Based on straight line method the depreciation has been calculated as shown below:
				(Tk. in ‘000)
	Items	Cost	Rate	Depreciation
	Building	40835	5%	2,042
	Machinery	1910230	10%	191,023
	Furniture & Fixture	1432.6	10%	143
	Vehicles	9600	15%	1,440
	Total:			194,648

9.	Water, Power and Fuel
(a)	Water: Total requirement of water will be about 30,000 ltr. Required water will be available from own deep tube-wel to be sunk within the project site.

(b)	Power: The power requirement of the project will be met by obtaining power connection from REB. A sum of the following amount has been estimated to be incurred for the power consumption.
	Details given below:
	350 kw x 20 hrs x 365 days x Tk. 8.50		Tk.	21,717,500
	Demand charge for 450 KVA		Tk.	127,500
	Service charge		Tk.	9,563
	VAT		Tk.	1,085,875
	Total:		Tk.	22,940,438

(c)	Gas, Fuel and Lubricants: Tk.1200,000/year
	Total Tk. ( a + b + c ) =			23,060,438

Annexure-7(a): Administrative & Selling Expenses

(Tk. in ‘000)

Srl.	Particulars	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
01.	Directors remuneration	960	960	960	960	960	960	960
02.	Administrative salary	6,123	6,712	7,032	7,383	7,752	8,140	8,547
03.	Depreciation & write off	900	900	900	900	900	900	900
04.	Travelling & conveyance	164	184	204	224	244	274	304
05.	Printing & stationery	75	85	95	105	115	125	135
06.	Postage telegram & telephone	60	70	80	90	100	110	120
07.	Legal & audit fee	55	65	75	85	95	105	115
08.	Ad & sales promotion	80	95	110	125	140	155	170
09.	Miscellaneous expenses	150	165	180	195	210	225	240
	Total:	8,567	9,236	9,636	10,067	10,516	10,994	11,491


	Assumption
	An amount of Tk. 80,000/month has been considered to be the each Director’s remuneration.

Annexure-7(b): Administrative Salary

2. Administrative Salary
					(Tk. in ‘000)
Category			No.	Monthly salary	Annual salary
General Manager			1	80,000	960
Manager Admin.			1	45,000	540
Accountant			1	30,000	360
Purchase Officer			1	25,000	300
Sales Officer			10	20,000	2400
Account Assistant			2	17,500	420
Driver			1	20,000	240
Cleaner/Gardener/Peon			3	12,000	432
Total			20	471,000	5652


					(Tk. in ‘000)
Particulars	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5
Salary	5,652	5,935	6,217	6,528	6,854
Increment (5%)	–	283	297	311	326
Bonus	471	495	518	544	571
Total:	6,123	6,712	7,032	7,383	7,752


3. Depreciation & write off

					(Tk. in ‘000)
Items			Cost	Rate	Depreciation
Preliminary Expenses			4500	20%	900
Total					900

Annexure-8(a) Cost of Goods Sold

(Tk in “000”)

Particulars	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
Raw and feeding materials	1,245,563	1,334,531	1,423,500	1,512,469	1,601,438	1,690,406	1,779,375
Salary & wages	14,000	14,700	15,435	16,207	17,017	17,868	18,761
Stores & spares	19,102	28,653	38,205	47,756	57,307	66,858	76,409
Water, power, fuel	23,060	23,060	23,060	23,060	23,060	23,060	23,060
Repair & maintenance	20,111	29,662	39,213	48,764	58,316	67,867	77,418
Rent, tax, insurance	2,199	2,199	2,199	2,199	2,199	2,199	2,199
Depreciation	194,648	194,648	194,648	194,648	194,648	194,648	194,648
Total cost of production	1,518,683	1,627,454	1,736,260	1,845,103	1,953,984	2,062,906	2,171,870
Add: Opening WIP (2 days)	–	13,454	14,505	15,473	16,440	17,408	18,375
Total stock of WIP	1,518,683	1,640,908	1,750,765	1,860,575	1,970,424	2,080,314	2,190,246
Less: Closing stock WIP (2 days)	13,454	14,505	15,473	16,440	17,408	18,375	19,343
Cost of goods manufactured	1,505,229	1,626,403	1,735,292	1,844,135	1,953,017	2,061,939	2,170,903
Add: Opening FG (7 days)	–	46,775	51,519	54,996	58,440	61,884	65,328
Total goods av. For sales	1,505,229	1,673,178	1,786,811	1,899,131	2,011,457	2,123,823	2,236,231
Less: Closing FG (7 days)	46,775	51,519	54,996	58,440	61,884	65,328	68,772
Cost of goods sold	1,458,454	1,621,659	1,731,816	1,840,691	1,949,573	2,058,495	2,167,459

Annexure-8(b) Break-Even Analysis

(Tk. in ‘000)

01.	Sales Revenue on 7th year			2,878,589
02.	Total cost of operation, admin & selling and financial expenses			2,285,344
	Analysis of total cost	Total Cost	Fixed Cost	Variable
	Raw materials	1,779,375	–	1,779,375
	Salary and wages	18,761	–	18,761
	Repairs & maintenance	77,418	2,000	75,418
	Tax, Insurance, etc.	2,199	–	2,199
	Water, power, fuel	23,060	1,000	22,060
	Stores and spares	76,409	200	76,209
	Administrative salary	8,547	8,547	–
	Postage, telegram, telephone	120	35	85
	Printing & Stationery	135	100	35
	Conveyance & travelling	304	300	4
	Depreciation & wirte off	195,548	1,500	194,048
	Miscellaneous expenses	240	200	40
	Legal & audit fee	115	100	15
	Ad & sales promotion	170	120	50
	Financial expenses	102,943	102,943	–
	Total:	2,285,344	117,045	2,168,299
03.	Break even point (BEP)
	PV Ratio = (Sales – variable cost) / sales	Sales	2,878,589
		Variable cost	2,168,299
			710,289
	Divided by Sales =		0.247
	BEP (Sales) = Fixed cost / PV ratio =	117,045	474,347.73
	Assumed Capacity :		0.1648
	Say:	16.48%

Annexure 9: Pay-Back Period

(Tk. in ‘000)

1. Amount to be paid (including value of land)							2,367,809
2. Amount available for recovery of the value of assets as follows:
Items	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
Net profit	387,907	422,617	457,561	492,437	527,257	562,007	596,696
Depreciation	194,648	194,648	194,648	194,648	194,648	194,648	194,648
Total:	582,555	617,265	652,209	687,085	721,905	756,655	791,344
3. Pay back period
Year	Amount to be recovered		Amount available for recovery		Balance
1		2,367,809		582,555	1,785,254
2		1,785,254		617,265	1,167,989
3		1,167,989		652,209	515,780
4		515,780		687,085	(171,305)
5		(171,305)		721,905	(893,210)

The pay-back period will be 3 years 9 months



N	0	1	2	3	4	5	6
Cash Flow	(2367809)	582555	617265	652208.8	687085.15	721905	756655.1
Regular Payback Period (years)	N/A	N/A	N/A	N/A	3.7506784	N/A	N/A
In Months	N/A	N/A	N/A	N/A	45.008141	N/A	N/A

Annexure-10: Estimated Cash-Flow Statement

(Tk. in ‘000)

A. Source of fund	Const. Yr	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
Sponsors equity	613,600	613,600	–	–	–	–	–	–
Depreciation & write off.	–	195,548	195,548	195,548	195,548	195,548	195,548	195,548
Operating profit	–	490,850	525,560	560,504	595,380	630,200	664,950	699,639
L/Bank equity	1,754,209	1,754,209	–	–	–	–	–	–
Increase in current liability	–	–	–	–	–	–	–	–
Total:	2,367,809	3,054,207	721,108	756,052	790,928	825,748	860,498	895,187
B. Utilization of fund
Capital expenditure (fixed asset)	2,367,809	–	–	–	–	–	–	–
Increase in current asset	–	169,253	–	–	–	–	–	–
Buy-back of L/Bank equity	–	311,041	311,041	311,041	311,041	311,041	311,041	311,041
Total	2,367,809	480,294	311,041	311,041	311,041	311,041	311,041	311,041
Cash surplus	–	2,573,913	410,067	445,011	479,887	514,706	549,457	584,145
Opening cash balance	–	–	2,573,913	2,983,980	3,428,990	3,908,877	4,423,583	4,973,040
Closing cash balance	–	2,573,913	2,983,980	3,428,990	3,908,877	4,423,583	4,973,040	5,557,186

Annexure-11: Projected Balance Sheet

(Tk. in ‘000)

Properties & Assets
Current Assets:	Const. Yr	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
Cash balance	–	2,573,913	2,983,980	3,428,990	3,908,877	4,423,583	4,973,040	5,557,186
Other current assets	–	169,253	169,253	169,253	169,253	169,253	169,253	169,253
Sub-Total	–	2,743,166	3,153,233	3,598,243	4,078,130	4,592,836	5,142,293	5,726,439
Fixed assets
Total fixed assets	2,198,556	2,003,008	1,807,460	1,611,912	1,416,364	1,220,816	1,025,268	829,720
Total Assets	2,367,809	4,746,174	4,960,693	5,210,155	5,494,494	5,813,652	6,167,561	6,556,159
Liabilities and sponsors equity
L/Bank Equity/share	1,754,209	1,443,168	1,132,126	821,085	510,043	199,002	(112,040)	(423,081)
Working capital loan	–	–	–	–	–	–	–	–
Other current loan	–	–	–	–	–	–	–	–
Total Liabilities	1,754,209	1,443,168	1,132,126	821,085	510,043	199,002	(112,040)	(423,081)
Sponsor’s equity
Paid up capital	613,600	2,915,099	3,405,949	3,931,510	4,492,014	6,141,907	5,717,594	6,382,544
Retained earnings	–	387,907	422,617	457,561	492,437	527,257	562,007	596,696
Total equity	613,600	3,303,006	3,828,566	4,389,070	4,984,451	6,669,164	6,279,601	6,979,240
Total liabilities & equity	2,367,809	4,746,174	4,960,693	5,210,155	5,494,494	6,868,166	6,167,561	6,556,159

Annexure-12: Debt-service Coverage Ratio

(Tk. in ‘000)

A. Income	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
Net profit after return on bond	387,907	422,617	457,561	492,437	527,257	562,007	596,696
Less: Profit payable to L/Bank	190,074	207,082	224,205	241,294	258,356	275,383	292,381
To sponsor’s	197,833	215,535	233,356	251,143	268,901	286,624	304,315
Depreciation & write off.	195,548	195,548	195,548	195,548	195,548	195,548	195,548
Total:	393,381	411,083	428,904	446,691	464,449	482,172	499,863
B. Liabilities :
Buy back of L/Bank equity	311,041	311,041	311,041	311,041	311,041	311,041	311,041
Total:	311,041	311,041	311,041	311,041	311,041	311,041	311,041
C. Debt-service Coverage Ratio (times)	1.26	1.32	1.38	1.44	1.49	1.55	1.61

Annexure-13: Internal Rate of Return (IRR)

(Tk. in ‘000)

Srl.	Capital Outlay	Operating profit	Non-cash charges	Operating inflow	Net inflow /(Outflow)	Present value
Srl.	Capital Outlay	Operating profit	Non-cash charges	Operating inflow	Net inflow /(Outflow)	20%	40%
0	2,367,809	–	–	–	(2,367,809)	(2,367,809)	(2,367,809)
1		490,850	194,648	685,498	685,498	571,249	489,642
2		525,560	194,648	720,208	720,208	500,145	367,453
3		560,504	194,648	755,152	755,152	437,009	275,201
4		595,380	194,648	790,028	790,028	380,994	205,651
5		630,200	194,648	824,848	824,848	331,488	153,368
6		664,950	194,648	859,598	859,598	287,878	114,164
7		699,639	194,648	894,287	894,287	249,579	84,836
	Total:					390,532	(677,495)


	IRR =	25.56%

Annexure-14: Ratio-Analysis

Particulars Capacity Utilization		Year : 1 70%	Year : 2 75%	Year : 3 80%	Year : 4 85%	Year : 5 90%	Year : 6 95%	Year : 7 100%
1.	Gross Profit to Sales	25.51%	24.80%	24.77%	24.75%	24.74%	24.72%	24.70%
2.	Operating Profit	25.07%	24.37%	24.35%	24.34%	24.33%	24.32%	24.30%
3.	Net Profit after Taxes to Sales	19.81%	19.60%	19.88%	20.13%	20.36%	20.55%	20.73%
4.	Return (EAROB) on Initial Equity	16.38%	17.85%	19.32%	20.80%	22.27%	23.74%	25.20%
5.	Profit to Total Assets	17.64%	19.22%	20.81%	22.40%	23.98%	25.56%	27.14%
6.	Debt-Service Coverage Ratio	1.26	1.32	1.38	1.44	1.49	1.55	1.61
7.	Sales Turn Over (Times) (to Initial Investment)	0.83	0.91	0.97	1.03	1.09	1.15	1.22

Annexure-15(a): Sensitivity Analysis based on 5% increase in Cost of Goods Sold

(Tk. in ‘000)

Particulars	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
Sales revenue	1,957,871	2,156,455	2,301,956	2,446,138	2,590,289	2,734,439	2,878,589
Cost of goods sold	1,531,376	1,702,742	1,818,407	1,932,725	2,047,051	2,161,419	2,275,832
Gross profit	426,495	453,713	483,549	513,413	543,237	573,019	602,757
Administration & selling expenses	8,567	9,236	9,636	10,067	10,516	10,994	11,491
Operating profit	417,928	444,477	473,913	503,346	532,721	562,026	591,266
Bond purchase
Profit after bond purchase	417,928	444,477	473,913	503,346	532,721	562,026	591,266
Return on bond	–	–	–	–	–	–	–
Net profit	417,928	444,477	473,913	503,346	532,721	562,026	591,266
Ratio
Gross profit to sales (%)	22%	21%	21%	21%	21%	21%	21%
Operating profit to sales (%)	21%	21%	21%	21%	21%	21%	21%
Less: Closing FG (7 days)	28%	23%	23%	24%	24%	24%	24%
Net profit to sales (%)	21%	21%	21%	21%	21%	21%	21%

Annexure-15(b): Sensitivity Analysis based on 5% Decrease in Cost of Goods Sold

(Tk. in ‘000)

Particulars	Year – 1	Year – 2	Year – 3	Year – 4	Year – 5	Year – 6	Year – 7
Sales revenue	1,859,977	2,048,632	2,186,858	2,323,831	2,460,774	2,597,717	2,734,659
Cost of goods sold	1,458,454	1,621,659	1,731,816	1,840,691	1,949,573	2,058,495	2,167,459
Gross profit	401,524	426,973	455,042	483,140	511,201	539,222	567,200
Administration & selling expenses	8,567	9,236	9,636	10,067	10,516	10,994	11,491
Operating profit	392,957	417,738	445,406	473,073	500,685	528,228	555,709
Bond purchase
Profit after bond purchase	392,957	417,738	445,406	473,073	500,685	528,228	555,709
Return on bond	–	–	–	–	–	–	–
Net profit	392,957	417,738	445,406	473,073	500,685	528,228	555,709
Ratio
Gross profit to sales (%)	22%	21%	21%	21%	21%	21%	21%
Operating profit to sales (%)	21%	20%	20%	20%	20%	20%	20%
Less: Closing FG (7 days)	28%	23%	23%	24%	24%	24%	24%
Net profit to sales (%)	21%	20%	20%	20%	20%	20%	20%

Annexure-16 Contribution to GDP

Particulars		Amount in Taka “000”
Particulars		Year : 1	Year : 2	Year : 3	Year : 4	Year : 5	Year : 6	Year : 7
A.	Net Revenue	1,957,871	2,156,455	2,301,956	2,446,138	2,590,289	2,734,439	2,878,589
B.	Inter-firm Transactions:
	Raw and Packing Materials	1,245,563	1,334,531	1,423,500	1,512,469	1,601,438	1,690,406	1,779,375
	Stores & Spares	19,102	28,653	38,205	47,756	57,307	66,858	76,409
	Repair & Maintenance	20,111	29,662	39,213	48,764	58,316	67,867	77,418
	Carriage Inward	200	213	227	227	227	227	227
	Insurance	2,199	2,199	2,199	2,199	2,199	2,199	2,199
	Water, Power, Fuel & Lubricant	23,060	23,060	23,060	23,060	23,060	23,060	23,060
	Other Manufacturing Overhead	30	33	35	38	40	42	45
	Office Supplies	75	85	95	105	115	125	135
	Postage, Telephone, Telex, Fax, etc.	60	70	80	90	100	110	120
	Travelling	164	184	204	224	244	274	304
	Auditor’s Fee	55	65	75	85	95	105	115
	Selling & Sales promotion Exp.	80	95	110	125	140	155	170
	Miscellaneous Exp.	150	165	180	195	210	225	240
C.	Total:	1,310,849	1,419,016	1,527,183	1,635,337	1,743,490	1,851,653	1,959,817
D.	Contribution to GDP:	647,022	737,439	774,773	810,801	846,799	882,786	918,772

Annexure-17 Estimated repayment schedule of Term Loan

			Amounts in BDT ‘000’
Loan values				Loan summary
	Estimated Loan amount	1635732			Scheduled payment:	30,868
	Estimated Annual interest rate	0.05			Scheduled number of payments:	60
	Estimated Loan period in years	5.00			Actual number of payments:	60
	Number of payments per year	12.00			Total early payments:	–
	Assumed Start date of loan	10/1/23			Total interest:	216,365
	Optional extra payments
	*** The repayment will be started after grace period.

Pmt. No.	Payment Date	Beginning Balance	Scheduled Payment	Extra Payment	Total Payment	Principal	Interest	Ending Balance	Cumulative Interest

1	11/1/2023	1,635,732	30,868	0	30,868	24,053	6,816	1,611,679	6,816
2	12/1/2023	1,611,679	30,868	0	30,868	24,153	6,715	1,587,526	13,531
3	1/1/2024	1,587,526	30,868	0	30,868	24,254	6,615	1,563,273	20,146
4	2/1/2024	1,563,273	30,868	0	30,868	24,355	6,514	1,538,918	26,659
5	3/1/2024	1,538,918	30,868	0	30,868	24,456	6,412	1,514,462	33,071
6	4/1/2024	1,514,462	30,868	0	30,868	24,558	6,310	1,489,904	39,382
7	5/1/2024	1,489,904	30,868	0	30,868	24,660	6,208	1,465,244	45,590
8	6/1/2024	1,465,244	30,868	0	30,868	24,763	6,105	1,440,481	51,695
9	7/1/2024	1,440,481	30,868	0	30,868	24,866	6,002	1,415,614	57,697
10	8/1/2024	1,415,614	30,868	0	30,868	24,970	5,898	1,390,644	63,595
11	9/1/2024	1,390,644	30,868	0	30,868	25,074	5,794	1,365,570	69,389
12	10/1/2024	1,365,570	30,868	0	30,868	25,178	5,690	1,340,392	75,079
13	11/1/2024	1,340,392	30,868	0	30,868	25,283	5,585	1,315,109	80,664
14	12/1/2024	1,315,109	30,868	0	30,868	25,389	5,480	1,289,720	86,144
15	1/1/2025	1,289,720	30,868	0	30,868	25,494	5,374	1,264,226	91,518
16	2/1/2025	1,264,226	30,868	0	30,868	25,601	5,268	1,238,625	96,785
17	3/1/2025	1,238,625	30,868	0	30,868	25,707	5,161	1,212,918	101,946
18	4/1/2025	1,212,918	30,868	0	30,868	25,814	5,054	1,187,103	107,000
19	5/1/2025	1,187,103	30,868	0	30,868	25,922	4,946	1,161,181	111,946
20	6/1/2025	1,161,181	30,868	0	30,868	26,030	4,838	1,135,151	116,785
21	7/1/2025	1,135,151	30,868	0	30,868	26,138	4,730	1,109,013	121,514
22	8/1/2025	1,109,013	30,868	0	30,868	26,247	4,621	1,082,765	126,135
23	9/1/2025	1,082,765	30,868	0	30,868	26,357	4,512	1,056,408	130,647
24	10/1/2025	1,056,408	30,868	0	30,868	26,467	4,402	1,029,942	135,049
25	11/1/2025	1,029,942	30,868	0	30,868	26,577	4,291	1,003,365	139,340
26	12/1/2025	1,003,365	30,868	0	30,868	26,688	4,181	976,677	143,521
27	1/1/2026	976,677	30,868	0	30,868	26,799	4,069	949,879	147,590
28	2/1/2026	949,879	30,868	0	30,868	26,910	3,958	922,968	151,548
29	3/1/2026	922,968	30,868	0	30,868	27,023	3,846	895,946	155,394
30	4/1/2026	895,946	30,868	0	30,868	27,135	3,733	868,810	159,127
31	5/1/2026	868,810	30,868	0	30,868	27,248	3,620	841,562	162,747
32	6/1/2026	841,562	30,868	0	30,868	27,362	3,507	814,200	166,253
33	7/1/2026	814,200	30,868	0	30,868	27,476	3,393	786,725	169,646
34	8/1/2026	786,725	30,868	0	30,868	27,590	3,278	759,134	172,924
35	9/1/2026	759,134	30,868	0	30,868	27,705	3,163	731,429	176,087
36	10/1/2026	731,429	30,868	0	30,868	27,821	3,048	703,608	179,135
37	11/1/2026	703,608	30,868	0	30,868	27,937	2,932	675,672	182,066
38	12/1/2026	675,672	30,868	0	30,868	28,053	2,815	647,619	184,882
39	1/1/2027	647,619	30,868	0	30,868	28,170	2,698	619,449	187,580
40	2/1/2027	619,449	30,868	0	30,868	28,287	2,581	591,162	190,161
41	3/1/2027	591,162	30,868	0	30,868	28,405	2,463	562,757	192,624
42	4/1/2027	562,757	30,868	0	30,868	28,523	2,345	534,233	194,969
43	5/1/2027	534,233	30,868	0	30,868	28,642	2,226	505,591	197,195
44	6/1/2027	505,591	30,868	0	30,868	28,762	2,107	476,829	199,302
45	7/1/2027	476,829	30,868	0	30,868	28,881	1,987	447,948	201,288
46	8/1/2027	447,948	30,868	0	30,868	29,002	1,866	418,946	203,155
47	9/1/2027	418,946	30,868	0	30,868	29,123	1,746	389,823	204,900
48	10/1/2027	389,823	30,868	0	30,868	29,244	1,624	360,579	206,525
49	11/1/2027	360,579	30,868	0	30,868	29,366	1,502	331,213	208,027
50	12/1/2027	331,213	30,868	0	30,868	29,488	1,380	301,725	209,407
51	1/1/2028	301,725	30,868	0	30,868	29,611	1,257	272,114	210,664
52	2/1/2028	272,114	30,868	0	30,868	29,734	1,134	242,380	211,798
53	3/1/2028	242,380	30,868	0	30,868	29,858	1,010	212,521	212,808
54	4/1/2028	212,521	30,868	0	30,868	29,983	886	182,538	213,694
55	5/1/2028	182,538	30,868	0	30,868	30,108	761	152,431	214,454
56	6/1/2028	152,431	30,868	0	30,868	30,233	635	122,198	215,089
57	7/1/2028	122,198	30,868	0	30,868	30,359	509	91,838	215,598
58	8/1/2028	91,838	30,868	0	30,868	30,486	383	61,353	215,981
59	9/1/2028	61,353	30,868	0	30,868	30,613	256	30,740	216,237
60	10/1/2028	30,740	30,868	0	30,740	30,612	128	0	216,365

7.0 ECONOMIC ASPECTS

a. No. of jobs created : 75

Male : 50 Female: 25

Full Time/ Part Time : 75 Full Time / Part Time 0

b. Cost per job created : Tk. 19613 per month

c. Contribution to GDP : Tk. 846,799,000.00 at 5^th year

d. Earning in foreign exchange or foreign exchange savings:

about Tk. 2,590,289,000.00 per annum

8.0 CONCLUSION

8.1 The Project

The proposed project aims to establish an agro-based venture focused on producing milk for various industries and consumer products. It is expected to meet the high demand for these products in both local and international markets. By utilizing its production capacity, the project will significantly reduce the existing demand-supply gap for milk in the country. The project will operate within a 10-kilometer radius, with limited competition from similar ventures. It will process milk obtained from its own farm as well as collect raw milk from external sources to manufacture milk powder.

8.2 Management

The overall management and operation of the project will be under the joint supervision and guidance of the promoters. They all are well experienced in business management and operation. The Proprietor of the project has management capabilities and skill to handle such type of project. The other director of the project has also knowledge regarding the project. All the sponsors are financially sound and have affordability of equity participation. The sponsors management and financial track record are satisfactory.

8.3 Marketing

Proper marketing management plays a crucial role in the success of any business. It is one of the main challenges that businesses must overcome to achieve their goals. In the case of our project, we are fortunate to have a ready market both within the country and abroad. However, it is important to note that Bangladesh, in particular, presents a bright prospect for milk production and marketing compared to its neighboring countries.

The significance of effective marketing management cannot be overstated. It encompasses a range of activities such as market research, product development, pricing, promotion, and distribution. By employing strategic marketing techniques, businesses can not only identify and target their key customer segments but also differentiate their offerings from competitors, ultimately leading to increased sales and customer loyalty.

In the context of our project, the fact that we have a ready market in both the domestic and international arenas is a significant advantage. Bangladesh, with its growing population and increasing purchasing power, presents a promising market for milk products. Furthermore, the demand for milk and dairy products is not limited to the local market; there is also potential for export opportunities.

When comparing Bangladesh to neighboring countries, it becomes evident that the country possesses favorable conditions for milk production and marketing. Factors such as the availability of land, suitable climate, and a large number of dairy farms contribute to a thriving milk industry. Additionally, Bangladesh’s strategic geographical location offers convenient access to regional and global markets, enabling the export of milk products to neighboring countries and beyond.

To capitalize on these opportunities, our project must prioritize effective marketing management. This entails conducting thorough market research to understand consumer preferences, identifying target markets, and developing products that cater to their specific needs. Pricing strategies should be carefully formulated to ensure competitiveness while maintaining profitability. Promotion efforts should focus on creating brand awareness and highlighting the unique qualities of our milk products. Finally, an efficient distribution network should be established to reach both local and international customers in a timely and cost-effective manner.

In conclusion, while our project benefits from having a ready market in the country and abroad, proper marketing management remains a critical challenge for ensuring its success. By employing strategic marketing techniques and capitalizing on Bangladesh’s bright prospects for milk production and marketing, we can position ourselves for growth and profitability in this thriving industry.

8.4 Technical

The technology and process involved in this type of industry is not very uncommon in the country. The required technical personnel will also be available. The raw materials and other necessary materials are available locally at reasonable price.

8.5 Financial

From the financial point of view, the project seems to be rewarding and viable. The IRR of the project is 25.56%, which suggests a sound cash flow for the project. The other evaluating factors are also satisfactory in case of the project. The after tax return of the project is calculated as follows:

Return on Total Assets : 23.98% (5^th year)
Return of the project’s total capital outlay : 22.27% (5^th year)

Considering all aspects, as stated above, it can be concluded that the proposed project has a good potential for investment, and if it is implemented, it will certainly make a significant contribution to the ultimate development of the country.

—————————————————-

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Project Profile Format: A Comprehensive Guide

Bangladesh Bank’s Project Profile Format

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SWOT Analysis of BAKARAH DAIRY & FEED FARM:

The government of Bangladesh is aware of the need to increase milk production in the country and has taken a number of steps to promote dairy farming. These include providing subsidies to dairy farmers, setting up dairy farms, and providing training to dairy farmers.

Here are some of the prospects of dairy farming in Bangladesh:

Step 2) Business Plan and SWOT Analysis (strengths, weaknesses, opportunities, and threats)

Step 5) Waste Management Plan

The important findings for successful dairy farming are given below;

To meet the ever-increasing demands for milk follow some points;

4) Improvements must be made to communication, power, water supply, and modern storage facilities for dairy products.

2.2.15 Potentiality of Renewable Energy Plants (Biogas Plants)

yes

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The BDDB has taken a number of steps to meet the growing demand for powder milk. These include:

The demand for powder milk in Bangladesh is a growing trend. Businesses that are able to meet this demand will be well-positioned to succeed in the future.

The following are some of the key challenges that Bangladesh faces in terms of the supply and demand for powder milk:

Here are some of the challenges that Bangladesh faces in meeting its demand for powder milk:

Here is a more detailed overview of the major competitors in the powder milk market in Bangladesh:

* Milkvita: Milkvita is a brand of powder milk that is owned by ACME Dairy. ACME Dairy is a Bangladeshi company that was founded in 1983. Milkvita is a popular brand of powder milk in Bangladesh and is sold through a network of supermarkets and retailers.

Annexure-1(b) Cost of the Project & Cost of Finance

Annexure-7(b): Administrative Salary

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