Heran General Trading Fruit and Vegetable Production.

Nersery area Determination

Seed Bed Walkways b/n Beds

Net Total Area

Nursery of a Bed
Sr. No. of Bed
Crop Type Area Size Size including
No. Area (m2) Area (m2) Walk ways Req. Per Ha
Req. Per (LxW) (LxW)
Ha (m2) (m2)

10m x
0.4m
1 300 10m x 1m 18
+ 1m x
Onion 0.4m

10m x
0.4m
2 60 10m x 1m 9
+ 1m x
Pepper 0.4m
10m x
0.4m
3 140 10m x 1m 15
+ 1m x
Tomato 0.4m
4 Potato 8
Total 50
NB: Potato has no nersery area.
 Total
Nursery Percentage of Required
Planned
Area Req. Nursery Area Cultivable Per Nursery
Including Area Per
Requirment Each Vegetable
Walk Ways Each
Per Ha (%) (Ha)
Per Ha (m2) Vegetable
(Ha)

50 0.00
 Heran General Trading Fruit and Vegetable Production.
Assumption
Number of working hours /day 12 hours
Number of working shift /day 1 shift
Number of working days /year 307 days
Existing land 0 hactar
Expansion land 0 hactar
Total land holding 50 quantal
Expacted Land Cultivation 0 hactar

Wage per worker 0 birr

Expected Cycle time for pepper 0 per year
Expected Cycle time for other vegetables 0 per year
Tractor Fuel Consumption
Total Annum
fuel consumption Expacted land Total Fuel Number of
Discription Fuel
birr/ha. operation Consumption plowing
Consumption
Tracter - -

Nursery Area
Planned Days From Cultivation Average
Ser.No Planned Share
_
Vegetables Type
of Cultivation
Cultivable Percentage of Nursery Area Planting to Cycle Per Post Harvest
Land (ha) share Per Ha (Ha) Maturity Annum Losses (%)

1 Onion 36% 18 0.00% - 8%

2 Pepper 18% 9 0.00% - 5%
3 Tomato 30% 15 0.00% - 15%
4 Potato 16% 8 5%
Total 100% 50 -
Estimated Revenue
Net Annual Farm Gate
Planned Annual Total Estimated
Ser.No Yield in Cultivation Wastage Price per
_
Type of Vegetables Cultivable Land
Quintal per ha Cycle per year
Production Production Revenue
(ha) (In Quntal) (In Quntal) Quintal
(In Birr)
(In Quintal) (In Birr)
1 Onion 18 - - - -
2 Pepper 9 - - - -
3 Tomato 15 - - - -
4 Potato 8 - - - -
Total 50 60 307 18,720 - 18,720 280 5,241,600
Seed Cost
Actual Total Seed Total Seed
Cultivable Unit Price of Total Cost of
Ser.No Seed/Tuber Requirement Requirement
Type of Products Area of Land Seed per KG Seed
_ Requirement Per a Cycle Per Annum
(ha) (in Birr) (In Birr)
( kg/ha) (In Kg) (In Kg)
1 Onion 18 - - -
2 Pepper 9 - - -
3 Tomato 15 - - -
 4 Potato 8 - - -
Total 50 -
Fertilizer
UREA (Price Per Quintal)
DAP (Price Per Quintal)

Total Fertilizer Requirement Total Cost of

Requirement Per Ha (In Qt) Planned
Ser.No No of prodn Per Annum (In Qt) Fertilizer per
Description Cultivable
_ UREA DAP cycle/year (No) UREA DAP Annum
Land (ha)
1 Onion - - (In Birr) -
2 Pepper - - -
3 Tomato - - -
4 Potato - - -
Total - - - -
Fuel and Oil Consumption
Fuel Cost per Litre 69 birr

Annual Fuel,
Consumption Total Fuel Oil & Grease (5
Operation /Km Total Fuel Cost Oil &
Description Rate per /km Consumption % of Fuel Cost
Per Year (Birr) Lubricant
(Liter) (Litre) (Birr)
(Birr)
Isuzu FSR 0.10 120,120 12,132 837,116 16,742 853,859
Total 853,859
Grand Total 853,859
Note: - Fuel, oil and lubricant cost assumed to rise 5% per annum
Salary

Monthly
No of Salary Scale Annual Salary
Categories of staff Salary
Employee (In Birr) (In Birr)
(In Birr)

General Manager 1 6,000 6,000 72,000

Executive Secretary 1 5,500 5,500 66,000
Disease, Pest & Herb Control 1 3,000 3,000 36,000
Spray worker
Irrigation Forman
Tractor Operator
Mechanic
Operator
Department Head
Accountant
Cashier
Guard
Sales Men
Total
wage
 Total 3

N.B: Salary is assumed to be increased by 5% per annum

Repair and maintaince
Descrpition Rate (%) Total Cost
Vehicles &Tractor with accesseries 5% 100,000
Total 100,000
Insurance
Descrpition Rate (%) Total cost
Vehicles& Tractor with accesseries 10.0% 40,000.00
Total 40,000.00
Other Costs
Annual costs
Description
(In Birr)
Lease -

Travel & Perdium (10% of salary expense) 100,000

Uniform & Protective (Birr 1500/Person/year for 12
-
person)
Audit and Legal Fee 30,000
Utility Expenses -
Miscelaneous Expense 30,000
Total 160,000

Packing & Bagging materials

Total
Re-utilization Requirement of
Packing Material Holding Frequencey per Packing Unit Price Total Cost
DescriptProduction (kg) type Capacity (Kg) Cycle Material (Pcs) (in birr) (In Birr)/annum
Onion 16,744,000 PP Bag 60 15 12 0
Pepper 3,657,500 Plastic Pallet 25 21 50 0
Tomato 16,575,000 Plastic Pallet 25 21 50 0
Potato 4,560,000 Crates 60 62 64 0
Total 0
 Heran General Trading Fruit and Vegetable Production.
Pesticides Determination
I. For nursery
Price Tomato
in
Birr Cultiv
ation
Uni Nursery Annum
Types of Pesticide Rate / Requir Cycle Rate /
t Fr Area Requir Total cost
ha ement Per ha
/ (Ha) ement
Annu
cycle/ m
ha.
1.1 Insecticide
Ethiosulphan 35%EC Lt 150 - - 0 - - - 2
Karate 5% E.c Lt 490 0.4 1 0.4 0 - - -
Selecron 720% Ec Lt 450 - - 0 - - - 0.75
Polo 500 sl Lt 600 0 2 0 0 - - -
Diazinon 60% E.c Lt 150 2 1 1 0 - - - 2
1.2 Fungicide
Mancozeb 80% EC Kg 120 2 1 2 0 - - - 2
Apron Star 42 Wp Kg 100 - - 0 - - - 0
Bylaton 25 % W/p Kg 700 0.5 1 0.5 0 - - - -
Kocide 101 Kg 60 2 1 2 0 - - - 2
Ridomil Gold MZ 68WpKg 290.9 2 1 2 0 - - - 2
1.3 Spray oil -
Beef up oil Lt 100 1 2 1.5 0 - - - 1
Total 9.4 -

II. For Main Field

Tomato

Price Cultivat
Types of Pesticide Unit Require ion Planned Annum
in Birr Rate / Rate /
Fr ment/ Cycle Cultivable Requirem Total cost
ha cycle/ha. Per Land (ha) ent ha
Annum

1.1 Insecticide
Mitac 20% E.c Lt 100 3 1 3 0 15 0 0-
Telder 500 SC Lt 1850 - - 0 15 0 0-
Decise 25% E.c Lt 100 - - 0 15 0 0-
Dynamic Lt 100 - - 0 15 0 0-
Selecron 720% Ec Lt 450 - - 0 15 0 0 0.75
Marshal 25%Ec Lt 150 - - 0 15 0 0-
Agrothoate Lt 190 - - 0 15 0 0 0.5
Karate 5% E.c Lt 490 0.4 2 0.8 0 15 0 0 0
Ethiosulphan 35% E.c Lt 150 3 2 6 0 15 0 0 3
Polo 500 EC Lt 600 0.6 2 1.2 0 15 0 0-
Rimon 10% EC Lt 100 1 1 1 0 15 0 0-
1.2 Fungicide
Mancozeb 60 W/p Kg 120 3 3 9 0 15 0 0 3
Kg
Noble 25 % W/p 150 - - 0 15 0 0-
Tracer 120 SC Lt 3450 - - 0 0 0 0-
Gaucho/Kodkod Lt 1300 0 0 0 0 0 0.25
Ridomil Gold MZ 68Wp Kg 290.9 3 2 6 0 0 0 0 3
Apron Star 42 SWp Kg 100 - 0 0 0 0 0.0002
Bylaton 25 % W/p Kg 700 0.5 2 1 0 0 0 0-
Ortiva 250 Ec Kg 150 0.5 2 1 0 0 0 0-
Thiovit Kg 75 6 1 6 0 0 0 0-
Kocide 101WP Kg 60 2.5 3 7.5 0 0 0 0 2.5
1.3 Spray oil
Beef up oil Lt 100 1 4 4 0 0 0 0
Cittowet Lt 65 - - 0 0 0 0 1
Total 0
Total cost of pesticides for nursery &main feild
R/ha: Rate Per hectare
Frqncy: Frequency
 Onion Pepper
Culti
Cultiv
vatio
ation
Nurser Annum Nursery n Annum
Cycle Require Total cost Rate /
Fr Requir y Area Fr Requir Area Cycle Require
ement Per ment ha ement
/ (Ha) / (Ha) Per ment
Annu
cycle/ cycle/ Annu
m
ha. ha. m

1 2 - 0 - - 2 1 2 - 0 -
0 - 0 - - 0 - 0 -
2 1.5 - 0 - - 0.75 2 1.5 - 0 -
0 - 0 - - 0 - 0 -
0.5 1 - 0 - - 2 0.5 1 - 0 -

2 4 - 0 - - 2 2 4 - 0 -
1 0 - 0 - - 0 1 0 - 0 -
- - 0 - - - - - 0 -
1 2 - 0 - - 2 1 2 - 0 -
1 2 - 0 - - 2 1 2 - 0 -

4 4 - 0 - - 1 4 4 - 0 -
16.5 16.5

Onion Pepper

Cultiva Cultiva
Planned
tion Annum Planned tion Annum
Cultivabl Rate /
Fr Cycle Requireme Total cost Fr Cultivable Cycle Requirem
TotalRe e Land Per nt ha Land (ha) Per ent
quireme (ha) Annum Total Annum
nt/ Require
cycle/ ment/c
ha. ycle/ha.

- 18 0 0 0- - 9 0 0
- 18 0 0 0 0.75 0.5 0.375 9 0 0
- 18 0 0 0 0.6 2 1.2 9 0 0
- 18 0 0 0 0.2 2 0.4 9 0 0
3 2.25 18 0 0 0- - 9 0 0
- 18 0 0 0- - 9 0 0
2 1 18 0 0 0- - 9 0 0
2 0 18 0 0 0 0.4 3 1.2 9 0 0
2 6 18 0 0 0- - 9 0 0
- 18 0 0 0- - 9 0 0
- 18 0 0 0- - 9 0 0

4 12 18 0 0 0 3 3 9 9 0 0
- 18 0 0 0- - 9 0 0
- 18 0 0 0 0.125 0.5 0.0625 9 0 0
1 0.25 - 0 0 0- - - 0 0
4 12 18 0 0 0- - 9 0 0
1 0.0002 - 0 0 0- - - 0 0
- 18 0 0 0- - 9 0 0
- - 0 0 0 0.5 1 0.5 - 0 0
- 18 0 0 0- - 9 0 0
4 10 - 0 0 0 2.5 2 5 - 0 0
- -
0 - 0 0 0- - - 0 0
12 12 - 0 0 0 0 4 0 - 0 0
0
 Total cost of
Pesticides for
Total cost Nursery

- -
- -
- -
- -
- -

- -
- -
- -
- -
- -

- -
-

Potato

Cultiv Total cost of

Planned
Total ation Pesticides for
Cultiva Annum Maim Field
Requirem Cycle Require Total
Total cost Rate / ha Fr ent/cycle ble Per cost
Land ment
/ha. Annu
(ha)
m

0- - 8 0 0 0 0
0- - 8 0 0 0 0
0- - 8 0 0 0 0
0- - 8 0 0 0 0
0- - 8 0 0 0 0
0 2 1 2 8 0 0 0 0
0- - 8 0 0 0 0
0- - 8 0 0 0 0
0- - 8 0 0 0 0
0- - 8 0 0 0 0
0- - 8 0 0 0 0

0- - 8 0 0 0 0

0 0.5 1 0.5 8 0 0 0 0
0- - 0 0 0 0 0
0- - - 0 0 0 0
0- - - 0 0 0 0
0- - - 0 0 0 0
0 0 - 0 0 0 0
0- - - 0 0 0 0
0- - - 0 0 0 0
0- - - 0 0 0 0

0- - - 0 0 0 0
0- - - 0 0 0 0
0 0 0
-
 Heran General Trading Fruit and Vegetable Produc
Machinery and Vechilies
Total cos
Sr.No_ Discription Unit price Total price Loding &unloding
1 New Holland Agricultural Tractor
2 Disc Ploughs
3 28 Disk harrow
4 Ridger
5 Pick-up
6 Water Pump
7 Isuzu FSR 2,000,000 2,000,000.00
Total 2,000,000.00 2,000,000.00 Tot
and Vegetable Production.
nd Vechilies
Total cost of Vechiles
Marine Insurace Instalation Pre-operating Interest Total
-
-
-
-
-
-
57,500.00 2,000,000.00
Total lease 2,000,000.00
Heran General Trading Fruit and Vegetable Production.
Investment Summary
Existing
Sr. No. Description Investment Cost Pland Investment
(Birr)

1 New Holland Agricultural Tractor -

2 Disc Ploughs -
3 28 Disk harrow -
4 Ridger -
5 Pick-up -
6 Water Pump -
7 Isuzu FSR 1,000,000
Sub-Total - 1,000,000
8 pre-operating interest 57,500.00
Sub-total - 57,500.00
9 Working Capital 0 250,643
Sub-total - 250,643.10
Grand total -
Total
Investment Cost (Birr)

-
-
-
-
-
-
1,000,000
1,000,000
57,500.00
57,500.00
250,643.10
250,643.10
1,308,143.10
 Heran General Trading Fruit and Vege
Operating Cost
Project Yea
Description
1 2 3 4
1.Direct Costs
Seed and Seedling - - - -
Fertilizers - - - -
Pesticides - - - -
Sub-total - - - -
2.Indirect Costs
Fuel and Oil Consumption 853,858.61 896,551.54 941,379.11 988,448.07
Salary and wage 0 0 0 0
Packing & Bagging materials 0 0 0 0
Travel & Perdium (10% of
100000 100000 100000 100000
salary expense)
Uniform & Protective (Birr
1500/Person/year for 12 0 - - -
person)
Audit and Legal Fee 30000 30,000 30,000 30,000
Utility Expenses 0 - - -
Miscelaneous Expense 30000 30,000 30,000 30,000
Repair & Maintenance 100,000 100,000 100,000 100,000
Insurance 40,000 40,000 40,000 40,000
Sub-total 1,153,859 1,196,552 1,241,379 1,288,448
Total 1,153,859 1,196,552 1,241,379 1,288,448
al Trading Fruit and Vegetable Production.
Operating Cost
Project Years
5 6 7 8 9 10

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

1,037,870.47 1,089,764.00 1,144,252.20 1,201,464.80 1,261,538.05 1,324,614.95

0 0 0 0 0 0
0 0 0 0 0 0

100000 100000 100000 100000 100000 100000

- - - - - -

30,000 30,000 30,000 30,000 30,000 30,000

- - - - - -
30,000 30,000 30,000 30,000 30,000 30,000
100,000 100,000 100,000 100,000 100,000 100,000
40,000 40,000 40,000 40,000 40,000 40,000
1,337,870 1,389,764 1,444,252 1,501,465 1,561,538 1,624,615
1,337,870 1,389,764 1,444,252 1,501,465 1,561,538 1,624,615
 Heran General Trading Fruit and Vegetable Production.
Working Capital

Description Months
1 2 3
1.Direct Costs
Seed and Seedling 6 - - -
Fertilizers 6 - - -
Pesticides 6 - - -
Sub-total - - -
2.Indirect Costs
Fuel and Oil Consumption 6 142,310 149,425 156,897
Salary and wage 6 - - -
Packing & Bagging materials 6 - - -
Travel & Perdium (10% of salary
6 16,667 16,667 16,667
expense)
Uniform & Protective (Birr
6 - - -
1500/Person/year for 12 person)
Audit and Legal Fee 12 30,000 30,000 30,000
Utility Expenses 6 - - -
Miscelaneous Expense 6 5,000 5,000 5,000
Repair & Maintenance 6 16,667 16,667 16,667
Insurance 12 40,000 40,000 40,000
Sub-total 250,643 257,759 265,230
Total 250,643 257,759 265,230
Increasing Working Capital 7,115 7,471
d Vegetable Production.
king Capital
Project Years

4 5 6 7 8 9 10

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

164,741 172,978 181,627 190,709 200,244 210,256 220,769

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

16,667 16,667 16,667 16,667 16,667 16,667 16,667

- - - - - - -

30,000 30,000 30,000 30,000 30,000 30,000 30,000

- - - - - - -
5,000 5,000 5,000 5,000 5,000 5,000 5,000
16,667 16,667 16,667 16,667 16,667 16,667 16,667
40,000 40,000 40,000 40,000 40,000 40,000 40,000
273,075 281,312 289,961 299,042 308,577 318,590 329,102
273,075 281,312 289,961 299,042 308,577 318,590 329,102
7,845 8,237 8,649 9,081 9,535 10,012 10,513
 Heran General Trading Fruit and Vegetable Production.
Fund Allocation
Fund Allocation Source of Fund

Equity
Description
Planned
Existing Investment
Sr.No_ Investment Cost (Birr) Existing

1 New Holland Agricultural Tractor -

2 Disc Ploughs -
3 28 Disk harrow -
4 Ridger -
5 Pick-up -
6 Water Pump -
7 Isuzu FSR 1,000,000 -
Sub-total - 1,000,000 -
8 pre -operating interest 57,500
Sub-total 57,500
9 Working Capital 250,643
Sub total 250,643
Grand total 1,308,143 -
Debit -Equity Ratio
 Source of Fund

Equity Total Percentage

in Birr of Share

Contribution in DBE Loan

cash Total (Birr)

- 1,000,000 1,000,000
76%

-
- - 1,000,000 1,000,000
57,500 57,500 - 57,500
4.40%
57,500 57,500 - 57,500
250,643 250,643 250,643
250,643 250,643 250,643 19.2%
308,143 308,143 1,000,000 1,308,143
23.6% 76.4% 100%
 Heran General Trading Fruit and Vegetable Production.
Deprciation and Amortization

Original
Description Rate Annual
Cost (Birr) 1
Sr.No_ Depreciation

New Holland - 10% - -

1 Agricultural Tractor
2 Disc Ploughs - 10% - -
28 Disk harrow - 10% - -
3 Ridger - 10% - -
6 Pick-up - 10% - -
5 Water Pump - 10% - -
6 Isuzu FSR 1,000,000.00 20% 200,000.00 800,000.00
Total 200,000.00 800,000.00

Amortization
Pre-Operating interest 57500.0 20% 11500.00 46000.0000
Total 11500.00 46000.0000
Grand Total 211,500.00 846,000.00

Replacement
Sr.No_ Discription 1 2
3 Isuzu FSR
Total
ction.

Project Years

2 3 4 5

- - - -

- - - -
- - - -
- - - -
- - - -
- - - -
600,000.00 400,000.00 200,000.00 1,000,000.00
600,000.00 400,000.00 200,000.00 1,000,000.00

34500.0000 23000.0000 11500.0000 0.0000

34500 23000 11500 0
634,500.00 423,000.00 211,500.00 1,000,000.00

Projected year
3 4 5 6
1,000,000
1,000,000
Project Years

6 7 8 9 10

- - - - -

- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
800,000.00 600,000.00 400,000.00 200,000.00 -
800,000.00 600,000.00 400,000.00 200,000.00 -

0 0 0 0 0
800,000.00 600,000.00 400,000.00 200,000.00 -

7 8 9 10
Loan Amortization Schedule

Loan Amortization Schedule

Enter values
Loan amount 2,000,000
Annual interest rate 14.50 %
Loan period in years 5
Number of payments per year 60
Start date of loan 3/31/2023
Optional extra payments

Lender name:

Payment Scheduled Extra

Pmt. No. Date Beginning Balance Payment Payment Total Payment Principal

1 44043 4273330.072 502747.3376996 0 502747.3377 257030.85856

2 44227 4016299.21344038 502747.3376996 0 502747.3377 271810.132927
3 44408 3744489.08051359 502747.3376996 0 502747.3377 287439.21557
4 44592 3457049.8649435 502747.3376996 0 502747.3377 303966.970465
5 44773 3153082.89447814 502747.3376996 0 502747.3377 321445.071267
6 44957 2831637.82321101 502747.3376996 0 502747.3377 339928.162865
7 45138 2491709.66034603 502747.3376996 0 502747.3377 359474.03223
8 45322 2132235.62811631 502747.3376996 0 502747.3377 380143.789083
9 45504 1752091.83903338 502747.3376996 0 502747.3377 402002.056955
10 45688 1350089.78207818 502747.3376996 0 502747.3377 425117.17523
11 45869 924972.606848057 502747.3376996 0 502747.3377 449561.412806
12 46053 475411.194042204 502747.3376996 0 475411.194042 475411.194042
 Loan summary
Scheduled payment $ 502,747.34
Scheduled number of payments 12
Actual number of payments 12
Total early payments $ -
Total interest $ 1,759,637.98

Interest Ending Balance Cumulative Interest

245716.47914 4016299.21344038 245716.47914

230937.204773 3744489.08051359 476653.683912822
215308.12213 3457049.8649435 691961.806042353
198780.367234 3153082.89447814 890742.173276605
181302.266432 2831637.82321101 1072044.4397091
162819.174835 2491709.66034603 1234863.61454373
143273.30547 2132235.62811631 1378136.92001363
122603.548617 1752091.83903338 1500740.46863031
100745.280744 1350089.78207818 1601485.74937473
77630.1624695 924972.606848057 1679115.91184423
53185.9248938 475411.194042204 1732301.83673799
27336.1436574 0 1759637.98039542
 Heran General Trading Fruit and Vegetable Production.
Loan Repayment Schedule

Interest Rate
Outstanding Commitment
Balance in Interest
Date to be Disbursed
Balance commitment Charge

Sunday, June 30, 2019 1,000,000.00

Total
Principal Interest
Year
Repayment Payment
2020

31-Jan-20 257030.858559617 245716.47914

30-Jun-20 271810.132926795 230937.20477282
Sub-total 528,840.99 476,653.68
2021
31-Jan-21 287439.215570086 215308.12212953
30-Jun-21 303966.970465366 198780.36723425
Sub-total 591,406.19 414,088.49
2021/22
31-Jan-22 321445.071267124 181302.26643249
30-Jun-22 339928.162864984 162819.17483463
Sub-total 661,373.23 344,121.44
2022/23
30-Jan-23 359474.032229721 143273.3054699
30-Jun-23 380143.78908293 122603.54861669
Sub-total 739,617.82 265,876.85
2023/24
31-Jan-24 402002.056955198 100745.28074442
30-Jun-24 425117.175230122 77630.162469495
Sub-total 827,119.23 178,375.44
2024/25
30-Jan-24 449561.412805854 53185.924893763
30-Jun-25 475411.194042204 27336.143657427
924,972.61 80,522.07
Total 4,273,330.07
getable Production.
nt Schedule

11.50%
Pre-operating
Interest

57,500.00

Outstanding
Balance
1,000,000.00

742,969.14
471,159.01

183,719.79
(120,247.18)

(441,692.25)
(781,620.41)

(1,141,094.44)
(1,521,238.23)

(1,923,240.29)
(2,348,357.47)

(2,797,918.88)
(3,273,330.07)
 Heran General Trading Fruit and V
Profit or Loss Stetment
Description
1 2 3
Sales 3,669,120 4,193,280 4,717,440
Less: Operating Costs 1,153,859 1,196,552 1,241,379
Gross profit 2,515,261 2,996,728 3,476,061
Less: Depreciation 211,500 211,500 211,500
Profit Before Interest & Tax 2,303,761 2,785,228 3,264,561
Less: Interest 476,654 414,088 344,121
Profit Before Tax 1,827,108 2,371,140 2,920,439
Less: Profit Tax (35%) 639,488 829,899 1,022,154
Net Profit 1,187,620 1,541,241 1,898,286
Dividend (20%) 237,524 308,248 379,657
Retained Earning 950,096 1,232,993 1,518,629
Cumulative Retained
Earning
950,096 2,183,089 3,701,717
eral Trading Fruit and Vegetable Production.
rofit or Loss Stetment
projected year
4 5 6 7
4,717,440 4,717,440 4,717,440 4,717,440
1,288,448 1,337,870 1,389,764 1,444,252
3,428,992 3,379,570 3,327,676 3,273,188
211,500 211,500 200,000 200,000
3,217,492 3,168,070 3,127,676 3,073,188
265,877 178,375
2,951,615 2,989,694 3,127,676 3,073,188
1,033,065 1,046,393 1,094,687 1,075,616
1,918,550 1,943,301 2,032,989 1,997,572
383,710 388,660 406,598 399,514
1,534,840 1,554,641 1,626,392 1,598,058
5,236,557 6,791,198 8,417,590 10,015,647
8 9 10
4,717,440 4,717,440 4,717,440
1,501,465 1,561,538 1,624,615
3,215,975 3,155,902 3,092,825
200,000 200,000 200,000
3,015,975 2,955,902 2,892,825

3,015,975 2,955,902 2,892,825

1,055,591 1,034,566 1,012,489
1,960,384 1,921,336 1,880,336
392,077 384,267 376,067
1,568,307 1,537,069 1,504,269
11,583,954 13,121,023 14,625,292
 Heran General Trading Fruit and Vegetable Production.
Projected Balance Sheet
DESCRIPTION
0 1 2 3
ASSETS
CURRENT ASSETS
Cash (1,000,000) (367,245) 478,726 1,540,010
Inventory 250,643 250,643 257,759 265,230
Total Current Assets (749,357) (116,602) 736,485 1,805,240
FIXED ASSETS
Vehicles& Tractor with
Accessories 2,000,000 800,000 600,000 400,000
Sub-total 2,000,000 800,000 600,000 400,000
Intangable Assets
Pre-Production interest 57,500 46,000 34,500 23,000
Sub-total 57,500 46,000 34,500 23,000
Total Assets 1,308,143 729,398 1,370,985 2,228,240
Liabilities & Equity
Liabilities:
Bank Loan 1,000,000 471,159 (120,247) (781,620)
Sub Total 1,000,000 471,159 (120,247) (781,620)
Equity 308,143 308,143 308,143 308,143
Retained Earning 950,096 2,183,089 3,701,717
Total Capital 308,143 1,258,239 2,491,232 4,009,860
Total Liabil.& Capital 1,308,143 1,729,398 2,370,985 3,228,240
- (1,000,000) (1,000,000) (1,000,000)
 Projected year
4 5 6 7 8

2,538,887 2,469,672 4,287,415 6,076,391 7,835,163

273,075 281,312 289,961 299,042 308,577
2,811,962 2,750,984 4,577,375 6,375,433 8,143,740

200,000 1,000,000 800,000 600,000 400,000

200,000 1,000,000 800,000 600,000 400,000

11,500 -
11,500 - - - -
3,023,462 3,750,984 5,377,375 6,975,433 8,543,740

(1,521,238) (2,348,357) (3,273,330) - -

(1,521,238) (2,348,357) (3,273,330) - -
308,143 308,143 308,143 308,143 308,143
5,236,557 6,791,198 8,417,590 10,015,647 11,583,954
5,544,700 7,099,341 8,725,733 10,323,790 11,892,097
4,023,462 4,750,984 5,452,403 10,323,790 11,892,097
(1,000,000) (1,000,000) - - -
9 10

9,562,219 11,255,976
318,590 329,102
9,880,809 11,585,078

200,000 -
200,000 -

- -
10,080,809 2

- -
- -
308,143 308,143
13,121,023 14,625,292
13,429,166 14,933,436
13,429,166 14,933,436
- -
 Heran General Trading Fruit and Ve
Projected Cash Flow Stet
Description
0 1 2
Cash Inflows
Owner's Equity 308,143
Loan 1,000,000
Net Profit 1,187,620 1,541,241
Depreciation 211,500 211,500
Total Cash Inflows 1,308,143 1,399,120 1,752,741
Cash out Flows
Total Fixed Assets 2,000,000
Pre-operating
57,500
Interest
Working Capital 250,643
Increase in Working
- 7,115
Capital
Loan Repayment 528,841 591,406
Replacement
Dividend (20%) 237,524 308,248
Total Cash Outflows 2,308,143 766,365 906,770
Net Cash Flow (1,000,000) 632,755 845,971
Cumulative Cash
(1,000,000) (367,245) 478,726
Balance
rading Fruit and Vegetable Production.
cted Cash Flow Stetment
Projected year
3 4 5 6

1,898,286 1,918,550 1,943,301 2,032,989

211,500 211,500 211,500 200,000
2,109,786 2,130,050 2,154,801 2,232,989

7,471 7,845 8,237 8,649

661,373 739,618 827,119
1,000,000
379,657 383,710 388,660 406,598
1,048,502 1,131,173 2,224,017 415,247
1,061,284 998,877 (69,215) 1,817,743
1,540,010 2,538,887 2,469,672 4,287,415
7 8 9 10

1,997,572 1,960,384 1,921,336 1,880,336

200,000 200,000 200,000 200,000
2,197,572 2,160,384 2,121,336 2,080,336

9,081 9,535 10,012 10,513

399,514 392,077 384,267 376,067

408,596 401,612 394,279 386,580
1,788,976 1,758,772 1,727,057 1,693,756
6,076,391 7,835,163 9,562,219 11,255,976
 Heran General Trading Fruit and Vegetable Production
FinancialInternal Rat of Return(FIRR)
Working Fixed
Year Revenue Capital Asset Total Benefits Initial Inv't.
Recovery Recovery
0 - 1,308,143
1 3,669,120 3,669,120
2 4,193,280 4,193,280
3 4,717,440 4,717,440
4 4,717,440 4,717,440
5 4,717,440 4,717,440
6 4,717,440 4,717,440
7 4,717,440 4,717,440
8 4,717,440 4,717,440
9 4,717,440 4,717,440
10 4,717,440 - - 4,717,440

IRR Before Tax: 154%

IRR After Tax: 96%
and Vegetable Production.

Total Cost
Operating
Replacement Total Costs Profit Tax Including Profit
Costs
Tax
1,308,143 1,308,143
1,153,859 1,153,859 639,488 1,793,346
1,196,552 1,196,552 829,899 2,026,451
1,241,379 1,241,379 1,022,154 2,263,533
1,288,448 1,288,448 1,033,065 2,321,513
1,000,000.00 1,337,870 2,337,870 1,046,393 3,384,263
1,389,764 1,389,764 1,094,687 2,484,451
1,444,252 1,444,252 1,075,616 2,519,868
1,501,465 1,501,465 1,055,591 2,557,056
1,561,538 1,561,538 1,034,566 2,596,104
1,624,615 1,624,615 1,012,489 2,637,104

NPV Before Tax: 9,421,891.08

NPV After Tax: 4,621,038.88
Net Benefit Net Benefit
Before Tax After Tax

(1,308,143) (1,308,143)
1,875,774 1,236,286
2,166,829 1,336,930
2,453,907 1,431,753
2,395,927 1,362,861
1,333,177 286,784
2,232,989 1,138,303
2,197,572 1,121,956
2,160,384 1,104,793
2,121,336 1,086,771
2,080,336 1,067,848
 Heran General Trading Fruit and Vegetable Production.
Equity Release &Dispercement Schedule
1. Equity Release Schedule

Amount to be To be
Purpose of
Equity Release Plan Released Disbursed
Release
(Birr) to

20% for
0 Supplier
capital goods
-
Pre-
production -
interest 57,500.00 DBE

57,500

2. Loan Disbursement Schedule

Balance in
Amount to be Commetment
Disbursement Purpose of Disbursement Disbursed (Birr)
Plan (Birr)
1,000,000.00
100,000.00
Procurement of Tractor with
accesseries and Vehicles (10%
advance payment for LC
opening)
1st
900,000
Disbursement
100,000.00

Sub-total

900,000.00
Procurement of Vehicles&
2nd Tractor with accesseries
(Remaning 70% of their cost ) -
Disbursement

Sub-total 900,000.00
Total 1,000,000.00
e Production.

To be Released

Tuesday, April 30, 2019

Jun-19

Months to
To be Condition for be
Disbursed Disbursement Disbursed
(2019)
After signing of loan
contract & the
Company blocked 20%
of capital goods' cost

To the Supplier Apr-19

After verification of
To the Supplier effective utilization of May-19
previous disbursement.
 Heran General Trading Fruit and Vegetable Production.

Description March Apr May Jun July August Sebt Oct

Loan Processing
Procurement of Tractor
with accessories and
Vehicles
Land development for
the expassion

Plowing,leveling,harrowi
ng,transplanting
Weeding, spraying of
pesticide and cultivation

Marketing
Nov Dec