Project report for Biofloc Fish farming

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Introduction

Fish is the cheapest and most easily digestible animal protein and was obtained from natural sources from time immemorial for consumption by human beings.  However,  due to overexploitation and pollution,  the availability of fish in natural waters have declined considerably forcing scientists to adopt various methods to increase its production. Fish farming in controlled or under artificial conditions has become an easier way of increasing fish production and its availability for consumption. The aquaculture industry is increasing rapidly at a rate of 9% per year since the 1970s [1]. But land costs and strong dependence on fishmeal and fish oil is the main impediment for the expansion of aquaculture.To prepare commercial feed for aquaculture, such ingredients are one of the prime constituents. About 50% expenditure for aquaculture production derives from feed costs, which is predominant due to the cost of protein component in commercial diets The environmental congenial and cost-effective aquaculture system called “Biofloc Technology (BFT)” is considered as an efficient alternative system since nutrients could be continuously recycled and reused. The technologies are supportive for the sustainability  of aquaculture, cost-effective and environmentally sustainable. The interest of people towards the closed aquaculture systems is increasing because of having biosecurity, environmental & marketing advantages over conventional extensive and semi-intensive systems. The sustainable approach of such a system is based on the growth of periphyton in the culture medium, benefited by the minimum or zero water exchange.The heat and fluctuation of temperature is prevented by maintaining a minimum water exchange. The biofloc technology has two most important roles: 1) maintenance of water quality which amplifies the natural productivity and (ii) enhancing culture feasibility by nutrition and reducing feed conversion ratio and feed costs. This natural productivity plays a vital role in recycling nutrients and maintaining water quality.

 

Product / Services & process

This Profitable Method of Fish Farming is practised in a tank which comes in various sizes.Biofloc technology converts unused feed and aqua animal feces into food in a culture system while exposed to sunlight creating a protein rich live feed. By converting excess into food again, the cost of feeding comes down. Heterotrophic bacteria is the main component of Biofloc. It reduces the Ammonia and Nitrite produced by fish feeding. These Heterotrophic bacteria consumes Ammonia converting it into protein. This can be consumed by fish then for growth. It works as actual feed for the fishes. It’s nutritional values are also good. This Profitable Method of Fish Farming or Biofloc Farming cuts all the major costs so that the savings can be really big. Several factors such as Huge operational costs, cost of vast lands, high costs of feeding, disposal and discharge of waste sludge will not be problems when your opt for this method. In Aquaculture, the major cost is due to feeding ingredients for fishes. When fishes are fed with high protein diets, approximately 70% of it is discharged as waste in surrounding culture water in the form of nitrogen. With biofloc, we can recycle this waste into feed again reducing the expense of high protein feeds. Biofloc systems also reduces the spread of pathogens while also improving the fish health.

 

Market potential & Strategy

India is geographically poised to be the world leader in the fisheries sector.Being the biggest peninsula in the world, with its vast coastline of 7,517 km and EEZ (Exclusive Economic Zone) of 200 nautical miles, network of lakes, rivers and numerous other inland water bodies, it can easily surpass any other nation in fish production.A vast population, especially the young generation, in rural India can be deployed in the fishing industries.The present market demand globally and also in India is for processed seafood. Once the source has been taken care of, processing and value addition can be carried out in MSME units.More over due to the continues ban on fishing in sea and the lack of visibility and provision for fishing for sea fish due to climatical changes may case the scarcity of the sea fish. Biofloc fishes can be an alternative to the seafish.  

 

PROJECT REPORT

Biofloc Fish farming

your address

Introduction

Fish is the cheapest and most easily digestible animal protein and was obtained from natural sources from time immemorial for consumption by human beings.  However,  due to overexploitation and pollution,  the availability of fish in natural waters have declined considerably forcing scientists to adopt various methods to increase its production. Fish farming in controlled or under artificial conditions has become an easier way of increasing fish production and its availability for consumption. The aquaculture industry is increasing rapidly at a rate of 9% per year since the 1970s [1]. But land costs and strong dependence on fishmeal and fish oil is the main impediment for the expansion of aquaculture.To prepare commercial feed for aquaculture, such ingredients are one of the prime constituents. About 50% expenditure for aquaculture production derives from feed costs, which is predominant due to the cost of protein component in commercial diets The environmental congenial and cost-effective aquaculture system called “Biofloc Technology (BFT)” is considered as an efficient alternative system since nutrients could be continuously recycled and reused. The technologies are supportive for the sustainability  of aquaculture, cost-effective and environmentally sustainable. The interest of people towards the closed aquaculture systems is increasing because of having biosecurity, environmental & marketing advantages over conventional extensive and semi-intensive systems. The sustainable approach of such a system is based on the growth of periphyton in the culture medium, benefited by the minimum or zero water exchange.The heat and fluctuation of temperature is prevented by maintaining a minimum water exchange. The biofloc technology has two most important roles: 1) maintenance of water quality which amplifies the natural productivity and (ii) enhancing culture feasibility by nutrition and reducing feed conversion ratio and feed costs. This natural productivity plays a vital role in recycling nutrients and maintaining water quality.

Product / Services & process

This Profitable Method of Fish Farming is practised in a tank which comes in various sizes.Biofloc technology converts unused feed and aqua animal feces into food in a culture system while exposed to sunlight creating a protein rich live feed. By converting excess into food again, the cost of feeding comes down. Heterotrophic bacteria is the main component of Biofloc. It reduces the Ammonia and Nitrite produced by fish feeding. These Heterotrophic bacteria consumes Ammonia converting it into protein. This can be consumed by fish then for growth. It works as actual feed for the fishes. It’s nutritional values are also good. This Profitable Method of Fish Farming or Biofloc Farming cuts all the major costs so that the savings can be really big. Several factors such as Huge operational costs, cost of vast lands, high costs of feeding, disposal and discharge of waste sludge will not be problems when your opt for this method. In Aquaculture, the major cost is due to feeding ingredients for fishes. When fishes are fed with high protein diets, approximately 70% of it is discharged as waste in surrounding culture water in the form of nitrogen. With biofloc, we can recycle this waste into feed again reducing the expense of high protein feeds. Biofloc systems also reduces the spread of pathogens while also improving the fish health.

Market potential & Strategy

India is geographically poised to be the world leader in the fisheries sector.Being the biggest peninsula in the world, with its vast coastline of 7,517 km and EEZ (Exclusive Economic Zone) of 200 nautical miles, network of lakes, rivers and numerous other inland water bodies, it can easily surpass any other nation in fish production.A vast population, especially the young generation, in rural India can be deployed in the fishing industries.The present market demand globally and also in India is for processed seafood. Once the source has been taken care of, processing and value addition can be carried out in MSME units.More over due to the continues ban on fishing in sea and the lack of visibility and provision for fishing for sea fish due to climatical changes may case the scarcity of the sea fish. Biofloc fishes can be an alternative to the seafish.  

Project at a glance

Name & Address of Unit

Biofloc Fish farming

your address

Details of unit
Phone : 123
Constitution : Proprietership
Number of employment : 10
Total project cost : *******
Fixed Capital : *******
Working Capital : *******
Total Bank loan : *******
Promoter(s) contribution : *******
Term loan : *******
Name & address of promoter(s)
Name : your name
Designation : founder

Project Feasibility Ratio

Debt Service Coverage Ratio (Average) :1.87
Current ratio (Average) :2.63
Year 1Year 2Year 3Year 4Year 5
Current ratio 1.53 2.06 2.62 3.19 3.76
Quick ratio 1.13 1.56 2.10 2.64 3.18
Interest coverage ratio 3.87 5.55 7.00 9.48 14.71
Debt equity ratio 2.863 2.080 1.528 1.020 0.542
TOL/TNW 3.02 1.45 0.79 0.43 0.21
DSCR 1.65 1.86 1.90 1.94 1.97
Gross profit Sales Percentage % 29.23 % 28.54 % 28.18 % 27.86 % 27.50 %
Net profit Sales Percentage % 10.84 % 10.56 % 11.10 % 11.57 % 11.90 %
BEP in % of installed capacity % 49.90 % 27.12 % 27.12 % 27.12 % 27.12 %
BEP in sales of Rs 2,620,800.00 1,840,695.65 1,972,173.91 2,103,652.17 2,235,130.43
Return On Capital Employed 0.26 0.34 0.34 0.33 0.33

Project Feasibility graph

Revenue v/s Expense Expense Splitup
 
Revenue
 
Expense
Net profit Sales % Quick ratio

Project Cost

Sl. no Item Amount Rs
1 Working Capital *******
Total *******

 

Working Capital Computation

Sl. no Item Amount Rs
1 Consumables / stock in hand *******
2 Work in progress *******
3 Finished goods *******
4 Working expense. *******
5 Receivables/Sundry debtors *******
6 Payables *******
7 Total working capital *******
8 Own Contribution *******

Total Yearly Expense

Sl. no Item Amount Rs
Total *******

Application of Fund

Sl. no Item Subsidy % No. Rate Amount Rs
Total Investment *******
Total Subsidy *******
Net Investment *******

Means of Finance

Sl. no Item Amount
1 Term Loan *******
2 Working capital Loan *******
3 Total loan *******
4 Term Loan contribution *******
5 Working capital contribution *******

Profitability Statement

Year 1(!*) Year 2 Year 3 Year 4 Year 5
Revenue from operation
Sales ***** ***** ***** ***** *****
Add :
Closing stock 0.00 0.00 0.00 0.00 0.00
Total ***** ***** ***** ***** *****
Less :
Opening stock 0.00 0.00 0.00 0.00 0.00
Stock purchase ***** ***** ***** ***** *****
Salary ***** ***** ***** ***** *****
Repairs and maintenance charges ***** ***** ***** ***** *****
gas ***** ***** ***** ***** *****
ELECTRICITY bill ***** ***** ***** ***** *****
Total ***** ***** ***** ***** *****
Gross profit ***** ***** ***** ***** *****
Less :
Rent ***** ***** ***** ***** *****
Telephone/Postal &internet charge ***** ***** ***** ***** *****
Total ***** 0***** ***** ***** *****
Depreciation ***** ***** ***** ***** *****
Interest on TL ***** ***** ***** ***** *****
Interest on WC ***** ***** ***** ***** *****
Total ***** ***** ***** ***** *****
Profit before tax ***** ***** ***** ***** *****
Income Tax ***** ***** ***** ***** *****
Profit after tax ***** ***** ***** ***** *****

Cash flow statement

Cash Inflow Pre operative period Year 1 Year 2 Year 3 Year 4 Year 5
Capital 0.63 0.00 0.00 0.00 0.00 0.00
Subsidy 0.00 0.00 0.00 0.00 0.00 0.00
Termloan ***** 0.00 0.00 0.00 0.00 0.00
Profit before tax with interest 0.00 ***** ***** ***** ***** *****
Increase in WC loan 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 ***** ***** ***** ***** *****
Increase in Current liability 0.00 0.00 0.00 0.00 0.00 0.00
Total Cash Inflow ***** ***** ***** ***** ***** *****
Cash Outflow
Fixed Assets ***** ***** ***** ***** ***** *****
Increase in Current asset 0.00 0.00 0.00 0.00 0.00
Interest on TL 0.00 ***** ***** ***** ***** *****
Interest on WC 0.00 0.00 0.00 0.00 0.00 0.00
Income Tax 0.00 ***** ***** ***** ***** *****
Decrease in Term loan ***** ***** ***** ***** *****
Drawing 0.00 0.00 0.00 0.00 0.00 0.00
Total Cash Outflow ***** ***** ***** ***** ***** *****
Opening balance ***** ***** ***** ***** ***** *****
Net Cashflow 0.00 ***** ***** ***** ***** *****
Closing balance 0.00 ***** ***** ***** ***** *****

Balance sheet

Liability Pre operative period Year 1 Year 2 Year 3 Year 4 Year 5
A. Share holders funds
Capital ***** ***** ***** ***** ***** *****
Reserve & Surplus 0.00 ***** ***** ***** ***** *****
B.Non current Liabilities
Termloan ***** ***** ***** ***** ***** *****
C.Current Liabilities
Working capital loan 0.00 0.00 0.00 0.00 0.00 0.00
Account payable 0.00 0.00 0.00 0.00 0.00
Total Liability ***** ***** ***** ***** ***** *****
Asset
A. Non current Assets
Fixed Assets ***** ***** ***** ***** ***** *****
B. Current Assets
Inventory 0.00 0.00 0.00 0.00 0.00 0.00
Trade receivables 0.00 0.00 0.00 0.00 0.00 0.00
Cash and cash equivalence ***** ***** ***** ***** ***** *****
Total Asset ***** ***** ***** ***** ***** *****

Repayment of Term loan

Year Installment Outstanding at the beginning Principal repayment Interest Amount paid Outstanding at the end
1 1 ***** ***** ***** ***** *****
1 2 ***** ***** ***** ***** *****
1 3 ***** ***** ***** ***** *****
1 4 ***** ***** ***** ***** *****
1 5 ***** ***** ***** ***** *****
| | | | | | |
| | | | | | |
5 56 ***** ***** ***** ***** *****
5 57 ***** ***** ***** ***** *****
5 58 ***** ***** ***** ***** *****
5 59 ***** ***** ***** ***** *****
5 60 ***** ***** ***** ***** *****

Debt Service Coverage Ratio

Particulars Year 1 Year 2 Year 3 Year 4 Year 5
Receipts
a).Net Profit 0.00 0.00 0.00 0.00 0.00
b).Depreciation 0.00 0.00 0.00 0.00 0.30
c).Interest on termloan 0.00 0.00 0.00 0.00 0.00
Total 0.00 0.00 0.00 0.00 0.00
Repayments
a).Loan Principal 0.00 0.00 0.00 0.00 0.00
b).Interest on termloan 0.00 0.00 0.00 0.00 0.00
Total 0.00 0.00 0.00 0.00 0.00
DSCR 0.00 0.00 0.00 0.00 0.00

Depreciation

Particulars Rate Year 1 Year 2 Year 3 Year 4 Year 5
Building 0.00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Computers/ Printers /Photocopier/Electronic gadget 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Furniture & fixtures 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Racks & storage/Interior works 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
new item 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
new 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Air-conditioning 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Other investments 00 0.00 0.00 0.00 0.00 0.00
Less Depreciation 0.00 0.00 0.00 0.00 0.00
Written down value 0.00 0.00 0.00 0.00 0.00
Total less depreciation 0.00 0.00 0.00 0.00 0.00
Total written down value 0.00 0.00 0.00 0.00 0.00

Conclusion

The project as a whole describes the scope and viability of the Trading industry and mainly of the financial, technical and its market potential.The project guarantee sufficient fund to repay the loan and also give a good return on capital investment. When analyzing the social- economic impact, this project is able to generate an employment of 5 and above. It will cater the demand of Trading and thus helps the other business entities to increase the production and service which provide service and support to this industry. Thus more cyclic employment and livelihood generation. So in all ways, we can conclude the project is technically and socially viable and commercially sound too.

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