PROJECT PROFILE

ON

MILLET PRODUCTS

M/s. ENTERPRISES
District

Prop:
 PROJECT PROFILE ON MILLET BISCUITS

Sl No Description
1 Name & of the M/s.
Enterprises
2

3 Category SC
4 Phone No
5 Product Millet PRODUCTS
6 Quality Standards FSSAI
7 Production Capacity 1,20,000/ kgs
per annum
8 Value Rs.60.00 /lakhs
9 Land 1.00
10 Power 100 KVA
11 Cost of Project Rs. in Lakhs
Land 64.00
Building 231.00
Plant & Machinery 86.00
Other Assets 20.00
Working Capital 30.00
Total Rs 431.00
12 Meance of Finance Rs. in Lakhs
By Bank Rs.323.00 Lakhs
Own Contribution Rs.108.00 Lakhs
Total Rs Rs.431.00 Lakhs
 1.Introduction
Traditionally fermented foods and beverages obtained from
millet products include Coco (millet porridge), fura, mangishi,
jandh, uji, burukutu, kunu- zaki, ogi, and bushera.

Millet products is a cereal grain that belongs to the Poaceae

family, commonly known as the grass family (1). It's widely
consumed in developing countries throughout India & Karnataka.
While it may look like a seed, millet's nutritional profile is similar to
that of sorghum and other cereals.

It is rich in minerals like calcium, copper, iron, magnesium,

phosphorus, potassium, and selenium as well as essential vitamins
like folate, pantothenic acid, niacin, riboflavin, and Vitamins B6,
C, E, and K. Many of the most powerful health benefits millet
Biscuits has to offer are related to its fiber content.

1.1. Millet Based Cookie

Cookie is a small flat, baked product, commonly called products
Cookie usually prepared from wheat flour, eggs, sugar and fat,
sometimes toppings with raisins, oats or chocolate chips. Generally,
wheat is one of the cereals used extensively throughout the world
for the preparation of cookie. But cookie from non-wheat cereals
like rice, jowar, maize or millet is uncommon. Recently, millets are
gaining importance because they can offer several nutraceuticals,
and also being rich in protein, minerals and vitamins. Its protein
has a beneficial influence on the metabolism of cholesterol. Cereal
or millet cookie is made from a fine flour of millet with leavening
and shortenings. There exists, however considerable potential for
large scale manufacture and marketing of shelf-stable product
utilizing underutilized grains like proso or foxtail millet as the
demand for ready-to-eat convenience food products has
been steadily increasing, consequent to industrialization.
1. Market Demand
The global millet products consumption has declined at a rate
of 0.9% and expected to witness positive movement during the
forecast period. India, Niger, and China are the largest producers
of millet in the world, accounting for more than 55% of global
production. For many years, India was the world’s major producer
of millet. However, in recent years, millet production has increased
dramatically in Africa.

The global millet production was estimated at 27.8 million

tons. India is the largest global producer with a 41.0% global
market share. In the last two decades, the importance of millet as
food staples, particularly in India, has been declining due to
various factors, including rising incomes, growing urbanization,
and government policies. More than 50% of the millet production
is currently finding its way into alternative uses as opposed to its
consumption only as a staple.

2. Energy Conservation:
General precautions for saving electricity are followed by the
unit by providing energy meter. These products are low energy
consumption. Thus considerable energy could be saved during
manufacturing activities

3. Electrical HP Details:

Sl.No Name of the Machine No: of m/s Connected

Total power conducted 100kva 100kva
Total POWER Connected 100kva
 Cost of project

source of funds Amount Project cost Amount

Owner margin 108.00 Land 90.00
Building 205.00
Plant & machine 86.00
Bank term Loan 323.00 Other Assets 20.00
working capital 30.00
Total 431.00 Total 431.00

Year 1 2 3 4 5
Opening Balance 323.00 258.40 193.80 129.20 64.60
Add: Drawings - - - - -
Less: Repayment 64.60 64.60 64.60 64.60 64.60
Closing Balance 258.40 193.80 129.20 64.60 -
Average Balance 290.70 226.10 161.50 96.90 32.30
Interest @10.50% 29.07 22.61 16.15 9.69 3.23

STATEMENT SHOWING THE REPAYMENT OF TERM LOAN & WORKING CAPITAL :

Interest @
Year Opening Balance Installment Closing Balance
10.00%
1st 32300000 0 26625000 2662500
2nd 26625000 3803571 22821429 2662500
3rd 22821429 3803571 19017857 2282143
4th 19017857 3803571 15214286 1901786
5th 15214286 3803571 11410714 1521429
6th 11410714 3803571 7607143 1141071
7th 7607143 3803571 3803571 760714
8th 3803571 3803571 0 380357
WORKING CAPITAL

Interest @
Year Opening Balance Installment Closing Balance 10.50%

1st 1500000 0 1500000 157500

2nd 1500000 214286 1285714 157500
3rd 1285714 214286 1071429 135000
4th 1071429 214286 857143 112500
5th 857143 214286 642857 90000
6th 642857 214286 428571 67500
7th 428571 214286 214286 45000
8th 214286 214286 0 22500

STATEMENT SHOWING THE DEPRECIATION ON FIXED ASSETS:

WORKSHED @ 10.00%
Particulars 1st Year 2nd Year 3rd Year 4th Year 5th Year
Opening Balance
20500000 5220000 4698000 4228200 3805380
Depreciation
580000 522000 469800 422820 380538
Closing Balance
21080000 4698000 4228200 3805380 3424842
MACHINERY @ 10.00%
Opening Balance
8600000 4950000 4455000 4009500 3608550
Depreciation
550000 495000 445500 400950 360855
Closing Balance
9150000 4455000 4009500 3608550 3247695
TOTAL DEPRECIATION
Workshed
20500000 522000 469800 422820 380538
Machinery
8600000 495000 445500 400950 360855
Total
29100000 1017000 915300 823770 741393

Schedule of Sales Realization :

Details of Sales

Rate/ No. of Amount in Rs.

Particulars of Product
Pair/Unit Pair/Unit
0
Sales Biscuits 45.00 150000 6750000.00

Total 6750000.00
Capacity Utilization of Sales

Particulars 1st Year 2nd Year 3rd Year 4th Year 5th Year

Capacity
Utilization 70% 80% 90% 90% 90%

Sales / Receipts 4725000 5400000 6075000 6075000 6075000

Rawmaterials :

Particulars Unit Rate/Unit Reqd. Unit Amount In Rs.

Sugar (35/- Kg) 1 35.00 5000 175000.00
Nuts, (600/- kg) 1 600.00 200 120000.00
Cashews (650/- kg) 1 650.00 100 65000.00
Millet (30/- kg) 1 30.00 10000 300000.00
Organic seeds, (50/- kg) 1 50.00 100 5000.00
Preservatives 1 50.00 100 5000.00
Food Colours. 1 70.00 100 7000.00
Cocos (60/- kg) 1 60.00 50 3000.00
Packing Materials 1 26.00 1000 26000.00
0.00
Total 706000.00

WAGES

WAGES
Amount in
Particulars No. of Wages Per Month Rs.
Worker Total Month 12
Accountant 1 10000.00 120000.00
Marketing Assitance 2 10000.00 240000.00
Skilled Workers 3 9000.00 324000.00
Unskilled Workers 4 8000.00 384000.00
Peon Cum Watchman 2 5000.00 588000.00
Total 12 1656000.00

Repairs and Maintenance : Rs. 50000.00

Power and Fuel : Rs. 50000.00

Other Overhead Expenses : Rs. 10000.00

SALARY DETAILS
No. of Wages Per Month Amount in Rs.
Particulars
Staff Total Month 12
Managers 1 15000.00 180000.00
Supervisor 1 12000.00 144000.00
Total 2 324000.00

Telephone Expenses 0.00

Stationery & Postage 10000.00
Advertisement & Publicity 10000.00
Other Miscellaneous Expenses 10000.00
Total 354000.00

Capacity Utilization of Manufacturing & Administrative Expenses :

Particulars 1st Year 2nd Year 3rd Year 4th Year 5th Year
Capacity Utilization 70% 80% 90% 90% 90%
Manufacturing
Expenses
Rawmaterials 490700 560800 630900 630900 630900
Wages 1159200 1324800 1490400 1490400 1490400
Repairs &
Maintenance 35000 40000 45000 45000 45000
Power & Fuel 35000 40000 45000 45000 45000
Other Overhead
Expenses 7000 8000 9000 9000 9000
Administrative Expenses
Salary 324000 324000 324000 324000 324000
Postage Telephone
Expenses 7000 8000 9000 9000 9000
Stationery & Postage 7000 8000 9000 9000 9000
Advertisement &
Publicity 7000 8000 9000 9000 9000
Total: 2071900 2321600 2571300 2571300 2571300
Assessment of Working Capital :

Particulars Amount in Rs.

Sale 6750000.00

Manufacturing Expenses
Raw Material 1520000.00
Wages 1656000.00
Repair & Maintenance 50000.00
Power & Fuel 50000.00
Other Overhead Expenses 10000.00
Production Cost 1766000.00
Administrative Cost 354000.00
Manufacturing Cost 2120000.00

Working Capital Estimate :

Element of Working
Capital No of Days Basis Amount in Rs.
0 25 Material Cost 58867.00

Stock in process 15 Production Cost 106000.00

Finished goods 15 Manufacturing Cost 70667.00

Receivable by 10 Manufacturing Cost 52667.00

Total Working Capital Requirement Per Cycle 235534.00

Financial Analysis
Projected Profit & Loss Account :

0
Particulars Year 1st Year 2nd Year 3rd Year 4th Year
Sales / Receipts 4725000 5400000 6075000 6075000
4725000 5400000 6075000 6075000

Manufacturing Expenses
Rawmaterials 490700 560800 630900 630900
Wages 1159200 1324800 1490400 1490400
Repairs & Maintenance 35000 40000 45000 45000
Power & Fuel 35000 40000 45000 45000
Other Overhead Expenses 7000 8000 9000 9000
Depreciation 1130000 1017000 915300 823770
Production Cost 2856900 2990600 3135600 3044070
Administrative Expenses
Salary 324000 340200 357210 375071
Postage Telephone Expenses 0 0 0 0
Stationery & Postage 7000 8000 9000 9000
Advertisement & Publicity 7000 8000 9000 9000
Other Miscellaneous
Expenses 7000 8000 9000 9000
Administrative Cost 345000 364200 384210 402071
Interest on Bank credit @
10.5%
Term Loan 929250 929250 796500 663750
Working Capital Loan 157500 157500 135000 112500
Cost of Sale 4288650 4441550 4451310 4222391
Net Profit Before Tax 436350 958450 1623690 1852609
Less Tax 0.00 0.00 0.00 0.00
Net Profit 436350 958450 1623690 1852609

CALCULATION OF DEBT SERVICE CREDIT RATIO (D.S.C.R) :

0
Particulars Year 1st Year 2nd Year 3rd Year 4th Year
Net Profit 436350 958450 1623690 1852609
Add :
Depreciation 1130000 1017000 915300 823770
TOTAL - A 1566350 1975450 2538990 2676379
Payments :
On Term Loan :
Interest 929250 929250 796500 663750
Installment 0 1264286 1264286 1264286
On Working Capital
Interest 157500 157500 135000 112500
TOTAL - B 1086750 2351036 2195786 2040536
D.S.C.R = A/B
1.44 0.84 1.16 1.31
Average D.S.C.R
PROJECTED BALANCE SHEET :

0
Particulars Year 1st Year 2nd Year 3rd Year 4th Year
LIABILITIES :
Promoters Capital 3450000 3450000 3450000 3450000
Profit 436350 958450 1623690 1852609
Term Loan 8850000 8850000 7585714 6321429
Working Capital Loan 1500000 1500000 1285714 1071429
Current Liabilities 0 0 0 0
Sundry Creditors 0 0 0 0
14236350 14758450 13945119 12695466
ASSETS :
Gross Fixed Assets : 11400000 10270000 9253000 8337700
Less : Depreciation 1130000 1017000 915300 823770
Net Fixed Assets 10270000 9253000 8337700 7513930
Preliminary & Pre-Op.
Expenses 250000 187500 140625 105469
Current Assets 1500000 1500000 1285714 1071429
Cash in Bank/Hand 2466350 4005450 4321704 4110108
Total 14236350 14758450 13945119 12695466

CASH FLOW STATEMENT :

0
Particulars Year 1st Year 2nd Year 3rd Year 4th Year
Net Profit 624800 1175000 1884690 2124499
Add : Depreciation 1070000 963000 866700 780030
Term Loan 8475000 8475000 7264286 6053571
Working Capital Loan 1500000 1500000 1285714 1071429
Promoters Capital 3325000 0 0 0
Total 14994800 12113000 11301390 10029529

Total Fixed Capital

Invested 11300000

Repayment of Term Loan 0 1210714 1210714 1210714

Repayment of WC Loan 0 214286 214286 214286
Current Assets 1500000 1500000 1285714 1071429
Total 1500000 2925000 2710714 2496429

Opening Balance 0 13494800 22682800 31273476

Surplus 13494800 9188000 8590676 7533100
Closing Balance 13494800 22682800 31273476 38806576
BREAK EVEN POINT AND RATIO ANALYSIS :

Particulars 1st Year 2nd Year 3rd Year 4th Year

Fixed Cost 2404250 2310450 2096010 1889591
Variable Cost 3014400 3148100 3270600 3156570
Total Cost 5418650 5458550 5366610 5046161

Sales 4725000 5400000 6075000 6075000

Contribution (Sales-VC) 1710600 2251900 2804400 2918430

B.E.P in % 140.55% 102.60% 74.74% 64.75%

Break Even Sales in Rs. 6640992 5540401 4540458 3933370

Break Even Units 147578 123120 100899 87408

Current Ratio 1.38 0.58 0.53 0.48

Net Profit Ratio 9.23% 17.75% 26.73% 30.50%

Date:
Place Signature of the Promoter