New Rice Milling Start up: Capitalizing on a Staple Food
Rice milling is a crucial process in the food industry, essential for converting harvested paddy into consumable rice. Given that rice is a staple food for over half the world’s population, the demand for efficient milling processes is perennial. This report examines the financial and operational feasibility of setting up a rice milling plant.
Market Potential
The steady demand for rice, driven by its status as a staple food, ensures a consistent market for rice milling businesses.
Technical Feasibility
Raw Materials
- Paddy: Primary raw material for rice milling.
Production Process
- Cleaning and De-stoning: Removing impurities and stones from paddy.
- Husking: Removing the husk from paddy.
- Polishing: Polishing the rice to enhance its appearance.
- Grading: Grading the rice based on size and quality.
- Packaging: Packaging the rice for distribution.
Plant Layout and Machinery A typical plant layout includes:
- Cleaning and De-stoning Unit
- Husking Unit
- Polishing Unit
- Grading Unit
- Packaging Unit
Financial Analysis
Total Project Cost
- Land and Site Development: ₹5 crore
- Plant and Machinery: ₹25 crore
- Installation and Erection: ₹5 crore
- Preliminary and Pre-operative Expenses: ₹5 crore
- Working Capital: ₹5 crore
- Total Estimated Cost: ₹45 crore
Revenue Generation Revenue from the sale of milled rice is estimated based on market rates.
Cost of Production
- Raw Material Cost: ₹15 crore per annum
- Operating Expenses: ₹5 crore per annum
- Maintenance and Utilities: ₹2.5 crore per annum
Profitability Analysis
- Total Annual Revenue: ₹70 crore
- Annual Expenses: ₹22.5 crore
- Net Profit: ₹47.5 crore
- Rate of Return: 15%
- DSCR: 1.5
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