NATESWORI COLD STORE

PRIVATE LIMITED
L I K HU G AUPA L I K A- 05 , NUW AK O T, N E PA L

PROJECT FEASIBILITY REPORT

Submitted to:

Nepal Bank Limited

Prepared by

TaxShala Biz Service

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 Contents
Executive Summary:........................................................................................................................................... 4
1. Project Financial Highlights: ...................................................................................................................... 6
2. Purpose of Document: ................................................................................................................................. 6
3. Company Profile: ......................................................................................................................................... 7
3.1 Project Brief: ....................................................................................................................................... 7
3.2 Moratorium Period: ........................................................................................................................... 7
3.3 Company’s Mission: ........................................................................................................................... 7
3.4 Company’s Vision: ............................................................................................................................. 8
3.5 Company’s Objectives: ...................................................................................................................... 8
3.6 Company Legal Status: ...................................................................................................................... 8
3.7 Company Location & Climate: ......................................................................................................... 8
3.8 Storage Capacity: ............................................................................................................................. 10
Trained Staff: ............................................................................................................................................ 10
Experienced Key Management: ................................................................................................................ 10
Prime Location ......................................................................................................................................... 11
Own Land ................................................................................................................................................. 11
Modern Infrastructure ............................................................................................................................... 11
4. Importance of Cold Store in Nepal: ......................................................................................................... 11
5. Current Industry Structure ...................................................................................................................... 13
5.1. List of Cold Stores in Nuwakot ....................................................................................................... 13
5.2. Nepal Cold Storages by Numbers .................................................................................................. 14
6. Legal Aspect: .............................................................................................................................................. 14
7. SWOT Analysis: ......................................................................................................................................... 14
8. PEST Analysis ............................................................................................................................................ 16
8.1. Political: ............................................................................................................................................ 16
8.2. Economic: ......................................................................................................................................... 16

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 8.3. Socio Cultural: ................................................................................................................................. 17
8.4. Technological: .................................................................................................................................. 17
8.5. Environmental: ................................................................................................................................ 18
8.6. Legal: ................................................................................................................................................ 18
9. Project Economics: ..................................................................................................................................... 19
Cost of Project: ....................................................................................................................................... 19
10. Project Highlights: ....................................................................................................................... 20

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Executive Summary:

Cold storages have been an essential part of the industry since the late 19th century. It is the one
widely practiced method for bulk handling of the perishable products between production and
marketing process. Because of the rapid growth of food and related industries, the cold storages
are gaining huge demand for the development of cold storages in the country has an important
role in reducing the wastages of the perishable commodities and providing remunerative prices
to the growers and to make available farm products to the consumers at competitive and
affordable prices.

The Nateswori Cold Store Pvt Ltd is a Cold Store business having registered office at Nuwakot,
Nepal. The project has been initiated with the extensive market research and feasibility study. The
increasing demands of vegetables, fruits, local breeds chicken and meat in comparison to limited
domestic production and supply makes the project more attractive and efficient. The company’s
cooling concept of perishable commodities like vegetables, fruits will increase the life of such
perishable goods and help maintain quality also provides marketing flexibility in competitive edge
in industry. The company has a plan to set up its own cooling store to maintain quality of organic
fertilizers production plant and meat processing plant in near future. The target market of the
project is to fulfil the domestic demands as a leading cold store of organic vegetables and meat
supplier.

The Nateswori Cold Store Pvt Ltd. seeks Rs 16.000 crore capital financing to cover company's
investment in long-term assets such as Building, machineries etc and to provide liquidity so that
your company can fund its day-to-day operations including payroll, overhead and other expenses.
Funding for the launch of the business will be provided primarily by equity from shareholder of
the company.

The Nateswori Cold Store Pvt ltd. is a start-up cold storage business having registered address at
Nuwakot, Nepal and Store located at Nuwakot district. The company will be involved in business
of storing the perishable goods such as vegetables, fruits, goat meat, and chicken meat, milk, fish
etc. and supply it to targeting consumers mostly within Nuwakot district and outside Nuwakot as
well. The company/store is extended in land area of 10 ropani which will be bifurcated for various
purposes. Further, with use of modern and upgraded technology in this industry, experienced
manpower company will work to achieve its mission & vision.

The Promoter/Director of the company will have to invest NPR 4.00 Cr to set up the Cold Storage
industry at Likhu-05, Nuwakot, Nepal and seeking bank finance to complete the project.

We understand that the Director of Nateswori Cold Store Pvt Ltd, requires the assistance of
TaxShala Biz Service to carry out the financial feasibility of the project. As such, we have carried
out the financial feasibility analysis to evaluate the economic viability of the said investment.It
consists of evaluating the financial condition and operating performance of the investment and
forecasting its future condition and performance based on our analysis, we conclude the following:

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1. Project Financial Highlights:

Nateswori Cold Store Pvt. Ltd.

Likhu-05, Nuwakot, Nepal

S.N. Particulars Value Unit

1 Project Cost 200,000,000.00 NRs.
Borrowed Funds 160,000,000.00 NRs.
Owner's Equity 40,000,000.00 NRs.
2 Land 10 Ropani
3 Capacity
Storage Capacity of the project 2,000.00 MT
4 Annual Operating Days 300 Days
5 Net Present Value at WACC ('000s) 19,733.15 NRs.
6 Internal Rate of Return
Project IRR 13% %
Equity IRR 20.47% %
7 Payback Period
Discounted 9.16 Years
8 Debt Service Coverage Ratio 1.87 times
9 Interest Coverage Ratio 28.13 times
10 Moratorium Period 1 year
11 Expected Time to start the project Magh 01, 2079
12 Cost of capital 8%

The projection and other analysis has been prepared for financial feasibility of the project. As the
project is in start-up phase, the projection has been prepared using a set of assumptions that include
hypothetical assumptions about future events and managements actions that are not necessarily
expected to occur. There might be some differences in the estimated and the actual data as events
and circumstances generally do not occur exactly as expected.

2. Purpose of Document:

The objectives of feasibility study are primarily to facilitate potential banking financial institution
in project identification for investment. The project pre-feasibility may form the basis of an
important investment decision and in order to serve this objective, the document/study covers
various aspects of project concept development, start-up, and production, finance and business
management.

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3. Company Profile:

Nateswori Cold Store Private Limited, is promoted by an individual who have a very good
knowledge of doing business here in Nepal. The project is aimed to provide the facility of
storage of various food products and vegetables in any time. And it is also aimed to create the
employment to more than 50 people and expand its market horizon to many districts of Nepal
catering the major portion of National demand in Cold Storage industry of country. The
company’s registered address is at Likhu-05, Nuwakot, Nepal.

The project is related to storage of food product such as vegetables, fruits, meat etc. at
appropriate cold temperature as well as producing ice block as secondary product .The Company
offers its products targeting consumers mostly in Nuwakot district and other neighboring areas.

3.1 Project Brief:

Nateswori Cold Store Pvt. Ltd is engaged in storage of perishable goods such as vegetables, fruits,
meat,fish, eggs etc. by storing them in proper temperature to maintain quality of a products. The
business entails keeping of vegetables and fruits after harvest to reduce damages and supply it to
the targeted market. The main areas of company business are summarized as vegetables, seasonal
fruits, eggs, meat, fish etc. storing them in suitable temperature as well as producing ice blocks to
sell in local market. Further, Management has planned an effective strategy for its operation and
distribution chain management. It is also focused on cost benefits approaches for profit making in
near future.

3.2 Moratorium Period:

The construction of the project will start in the mid of Magh 2079.The moratorium payments for
the loan repayment would be around 1 year.

3.3 Company’s Mission:

To provide effective and efficient storage facility to exporters, food processors, farmers thereby
increasing the marketing period of their products and making available them to consumer over a
long period of time.

To be the role model in the Cold storage business in Nepal.

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3.4 Company’s Vision:

To be a leading company in cold storage business in Nepal.

3.5 Company’s Objectives:

The objective set by the company is as follows:

 Making Availability of fresh Quality Vegetables, Fruits , Meat, Fish etc.

 Fulfil the demand of Vegetables and fruits to the consumers at reasonable rate.
 Fulfil the gap between demand and supply of Vegetables, Fruits and Meat.
 Continuously educating consumers about health benefits of consuming quality products.
 Generate employment and contribute on the national economy
 Protect public health and environment
 Become a self-reliant company of excellence for the quality of products.

3.6 Company Legal Status:

Nateswori Cold Store Pvt. Ltd. is a private limited company registered at office of the company
registrar with the registration no 255022/077/078 dated 2077-10-23 as per the Company Act 2006.
Company is also registered at Inland Revenue Department vie permanent account no: 609927562
The main objective of the company is storing perishable goods like vegetables, fruits and in
suitable temperature to maintain quality after harvest and supply in targeted market in Nepal and
fulfil the gap between the demand & supply of vegetable and meat in the market of Nuwakot
district as well as all over Nepal.

3.7 Company Location & Climate:

The project is located in 50 km away to North West from Kathmandu and is located in the Likhu
rural Municipality of Nuwakot District in the Bagmati Zone of central Nepal. The location of the
project has been shown on below figure.

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 Figure 1 : Satellite View of Project site

Project Site

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 Figure 2 : Google Map Location of Project

Project site located in tropical climate zones. Tropical climates are characterized by predictable
temperature patterns with modest seasonal variation and precipitation regimes that are much more
unpredictable and highly variable from year to year (Kellman and Tackaberry, 1997). Daily
temperature range (on a sunny day) is far greater than the seasonal variation between the warmest
and coolest months. In mountainous terrain, the daily temperature variation may be as large as
20 °C. It is also known as moderate temperate climate.

3.8 Storage Capacity:

The company is extended in land area of 10 ropani .Further, the storage capacity of Nateswori
Cold Store is 2000 MT.Among 2000 MT, 60% is used for renting the storage products and 40%
is used for the storage of own company. The space will be used by the company twice a year and
the calculation in the financial projections has shown the same as well.

3.9 Key to Success

Government of Nepal has given lots of incentives and subsidies to promote the agriculture
business in Nepal. Hence, people are interested to work in agricultural sector. Competitiveness,
market and workforce is the main challenge in the sector. Here are some of the key to success
factor for the integrated cold storage project.

Trained Staff:
The company has hired two key employees who are currently undergoing training to be able to run
and operate the project in a better manner.

Experienced Key Management:

This project has been initiated with the concept of Mrs. Shova Joshi who has vast experience in
successful management of various sector. She has obtained extensive knowledge on Cold Store

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Business as well as on agriculture through attaining various training, seminar, study and field visit.
Her extensive knowledge, experience and interest on livestock storing agro farming product
storing and marketing agro will help to achieve the set objectives of the company.

Prime Location
The Project has located at far from residence along with very fertile environment nearby Nuwakot
(A place for high product consumption). Being at vicinity of highly populated city, the location
provides competitive advantage for the selling products easily and with occurring minimal indirect
costs. As the location being nearby Nuwakot, the expert’s technical help can be sought as when
needed.

Own Land
The project is constructed on the land, which is owned by the company itself. As per the expert
engineer, the management could obtain the adequate water through the boring and digging wells
which will be used in irrigating the agricultural land.

Modern Infrastructure
The project is constructed with the extensive design for integrated farming from the renewed
engineer. The total is of land is (10 Ropanis) 275,598.45 sq. ft. Availability of modern civil
structure and as well modern automated equipment will help business for efficient and effective
long run.

4. Importance of Cold Store in Nepal:

Cold Storages in Nepal are mainly used to store agriculture products after harvest at
appropriate cold temperature. Government of Nepal has a provision of 50 % subsidy in the
electricity bill to the cold storage.
Nepal is an agriculture base economy where 60.4% of the people depends upon agriculture.
The agriculture sector contributes around 27 % of national GDP whereas livestock sectors
contributions on Agriculture is huge. COVID has huge impact on global economy and Nepal
is no more exception. Many people going to lose their foreign employment and. Hence,
chances of job crisis and poverty will rise. As Nepal is an agriculture dependent economy, cold
storage business can help in solving employment crisis in Nepal, by not only creating jobs but

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 also helping farmers and middle man in marketing their commodities in larger area and for a
long time. Still the nation witness nearly 25% wastage in fruits and vegetables annually. This
wastage is due to lack of cold storage infrastructure and modern harvesting techniques.
Therefore, it becomes a greater opportunity for an entrepreneur to start a cold storage business
and reduce the wastage by earning high profits.

Cold storage is a one-time investment business, wherein the initial investment required is on
higher side. However, the returns are higher and are on long-term basis, as compared to other
small businesses. Cold storage facility is categorized in two types, the first is used for single
products and the other is for multiple products. Food items that require cold storage include
fruits and vegetables, poultry and fish products, meat produce, and products like tobacco and
beer.

During summers as the heat is immense, equipment to be used should be cautiously selected
and installed to manage heavy loads and power cuts. There are the following factors to be
considered before finalizing on equipment for cold storage, such as equipment’s age, and light,
fan and product load, heat produced from stored products, ceiling, wall, floor, etc.

The Major Importance of Cold Store is:

Helps to maintain Quality

Agriculture is the source of food for every people in this earth. Most of the people like to eat
sufficient quantities of healthy agricultural products at home and in restaurant. Cold Store
will help to store perishable goods to reduce damage and helps to keep fresh and edible after
harvest.

Employment Opportunities

Cold Store Business will help to generate employment opportunities to many people. When
it comes to do so in an organized manner there will be professionalism in cold storage
business as well as in agriculture and so many people can get employment within such
organization.

Sources of Foreign Trade

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 Among all other foreign trade options, cold store is one of the great achievements for any
country. Agricultural products are greatly demanded all over the world with almost nil
custom taxability so cold store will play vital role to keep quality of such products. A
Country can get foreign balances through agriculture development by taking help of cold
storage.

Work as a mediator between Farmer and Consumer

Agriculture is one finest activity for environmental care. Many of our agro products get
waste due to lack of proper storage facility. Hence, Cold Storage will help to keep goods
fresh and will help to supply in the market. In Fact, subsidies and honours are given to the
peoples involved in agriculture activity for saving this environment.

5. Current Industry Structure

Cold Storages in Nepal are mainly used to store agriculture products after harvest at appropriate cold
temperature. They basically store food products such as potatoes, fruits, spices, etc. In some cases cold
storages are also used to store meat products. About 10% of them also produced Ice blocks as secondary
product. According to the Association of Cold Storage of Nepal, about 35 cold storages are running in Nepal.
The average size of the cold storages of Nepal is 3,000 metric tons. The average annual storage is 1,506 metric
tons. Government of Nepal has a provision of 50 % subsidy in the electricity bill to the cold storage.

5.1. List of Cold Stores in Nuwakot

S.N. List of Cold Storage in Nuwakot

1 Bhairavi Cold Store
2 Trishuli Cold Store
3 Trishakti Cold Storage
4 Devighat Cold Storage
5 Krishak Cold Storage
6 Wellkot Cold Stores
7 Likhu Cold Storage
8 Nuwakot Sit Bhandar

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 5.2. Nepal Cold Storages by Numbers

35 cold storages in operation

3000 metric tons average size

1506 metric tons average annual storage

6. Legal Aspect:

Company has to perform under the legal framework and should follow the applicable rules and
regulation implemented by the government. The company has also duly got registered on Office
of Company Registrar as on 23rd of Magh 2077 with the registration number 255022/77/78 .The
Company has also duly got registered on in Inland Revenue Department as on 21st of Ashadh
2078 and has obtained PAN certificate vide registration number 609927562.
The major acts and regulation to be considered by the firm are as follows:

Income Tax Act, 2058, Custom Act

Labor Act, 2048
Companies Act, 2063
Industrial Enterprises Act, 2020.
Bonus Act, 2030
Public Procurement Act, 2063
The Right to Food and Food Sovereignty Act, 2075 (2018).
National Agriculture Policy

7. SWOT Analysis:

The cold storage in Nuwakot has lots of opportunities and challenges. SWOT Analysis is the most
renowned tool for analysis of the overall strategic position of the business and its environment. Its
key purpose is to identify the strategies that will create an organization specific business model
that will best align an organization’s resources and capabilities to the requirements of the
environment in which the organization operates. In other words, it is the foundation for evaluating
the internal potential and limitations and the probable/likely opportunities and threats from the
external environment. It views all positive and negative factors inside and outside the organization
that affect the success. A consistent study of the environment in which the or firm operates helps

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in forecasting/predicting the changing trends and also helps in including them in the decision-
making process of the organization. The project has a plan to maximize the strength and
opportunities and works on weakness and threat. The management has identified the following
strength, weakness, opportunities and threat.

Strength: Weakness:
Profitability Disease Outbreak

Well Trained Staff High Cost of Vegetables

Experienced Management Staff Turnover

Own Land at best location Market Price

Modern Infrastructure Old and slow national policies to bridge

Use of advanced machinery. development gaps.

Robust Domestic Market Lack of proper government policies.

Lesser Impact of Import in this business. Lack of manpower,

Easy access of transportation and availability Lack of proper support facilities

of basic facilities. Lack of (MIS) Management Information

Organic Vegetable Production in Farm. System.

Strong Brand Equity and Brand Awareness Inventory Management Problem.

Superior Product and Service Quality.

Opportunities: Threats:
The farmers are always searching for the store Competitive Market.
in our area, Climate Changes / Natural Disaster / COVID
High Demand of Organic Fruit and 19.
Vegetables, Poultry Products, Goat meat. Diseases and Parasite
Quality Vegetables Change in consumer’s preferences.
Employment Generations. Unfavorable govt. policies.
Growing Market size and evolving Increasing bargaining power of buyers.
preferences of customers.
Government Regulations and bureaucracy.
Developments of artificial intelligence.
Easy access to credit can be anytime.
Increasing standarization.

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 The strength, weakness, opportunities, and threat analysis shows the institutions strengths and
opportunities are in favorable condition and could easily overcome the weaknesses and threats by
proper policy guidelines and by developing suitable strategies.

8. PEST Analysis

8.1. Political:
Nepal has formulated the constitution through constitution assembly. Federalization of country has
done through constitution and elected government in local to central level added the political
stability. All level of government has prioritize to modernize the agriculture sector through various
incentive and subsidy measures. Govt. aims to make self-reliant country in agriculture sector.
Govt. has formulated the Prime Minister Agriculture program through which people returning
from foreign employment will be encourage to involve in agriculture sector. The state govt. is also
giving priority to agriculture through the chaklabandi program and collective farming. Trade
policies defined by governments can really help the business. Since the owner of Nateshwori
Cold Storage is from the political background, it will be comparatively easier to run the business
in Nuwakot. There are numerous government agencies which reduces the risk of overwhelming
pressure by one agency. But on the flip side it does increases both time and cost of doing business
and getting certifications and clearances. Additionally, There is consistency in policy making from
one government to another. Secondly governments from all parties adhere to the treaties made by
the previous governments. The government at both national level and local levels are running
deficit budgets which is boosting growth in the short term but may lead to increase in inflation
over medium term. The bond rating of national government is investment grade.The political
stability achieved by the country in the recent years has created an environment for high economic
growth.

8.2. Economic:
Economic factors of a country and region have a direct impact on the potential attractiveness of a
given market. Some of the economic factors that Nateshwori Cold should evaluate both in the
present market and one in which it wants to enter are – inflation rate, GDP growth rate, disposable
income level etc. Major population of the country relies on agriculture. Growth prospect in large-
scale farming might play a vital role in solving the unemployment problem of the society up to
certain extent. Additionally, the establishment of the cold storage in Nuwakot has the potential of
providing enough support to establishment of the internal elements necessary for socio-cultural

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development. Additionally, the cold storage industry has been contributing to the gross domestic
product of the country to a specific degree. Agriculture sector is one of the major contributors on
the national economy. Govt. has priorities the various subsidies and incentives to promote the
economic activities of agriculture sector. Nepal Rastra bank has directed to all the commercial
banks, to lend at least 10 percent loan to agriculture sector. Inflation factor is an essential
determinant of economy. It was reported to be 4.06 in 2018 and 6.80 in January 2020. The higher
GDP growth rate signals growing demand in the economy. Nateshwori Cold can leverage this
trend by expanding its product range and targeting new customers. One way to start is by closely
mapping the changes in – consumer buying behavior and emerging value proposition. The share
of services in the economy is constantly increasing compare to the share of manufacturing, goods,
and agriculture sector.

8.3. Socio Cultural:

Social factors such as demography trends, power structure in the society, women participation in
workforce etc. have immense impact over not only the country's economy but also on workforce
talent availability and level of consumer demand . Socially establishment of large-scale modern
farms has a great influence on the societies where it is established. By exposing local farmers to
modern technologies, the farm can empower them to adopt such methods for their own farming as
well. Additionally, the creation of employment for local people helps, to a certain extent, to reduce
poverty and to enhance the living standard of the people living in the area. Cold storage in Nepal
is not new. Now, the Nepalese societies becomes modern and commercial. Integrated farming
becomes the point of attraction as per the government policy on subsidies and attractive return
with small investment. The operation of integrated farming on the said area will changes the socio-
economic and environmental conditions. Even though the project site is located far from residential
area, the management will spend certain profit for health and safety of the people and environment.
The attitude towards health and safety is often reflected in the quality of the products and cost
structures of manufacturing processes. Nateshwori Cold has stringent norms for health and safety
norms so in emerging economies it may have to compete with players who don’t have high cost
structures that of Nateshwori Cold.

8.4. Technological:
Technology is fast disrupting business models across various industries. Some of the technology
trends that are impacting the macro environment are – developments in artificial intelligence, use
of machine learning and big data analytics to predict consumer behavior, growing importance of
platforms over service provider’s etc.Technology has played an important role in achieving

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economic growth by garnering economic means for consumers to make informed and intelligent
decisions. And the advancement of the Internet has deeply affected the modern establishments
perform their business. Internet has made it possible for customers to access high quality
information within a short time. Mostly people in Nepal are engaging in agricultural for survival.
Modernization of agriculture will help to transform the people from survival to commercial. The
govt. has also given the subsidy on agricultural equipment and various training on modern
agriculture. The govt. has deployed the agricultural technician and veterinarian services at every
local government. The advancement of equipment, processing and marketing will certainly help
the business to reach in next level. Nateshwori Cold should analyze areas where technology can
empower supply chain partners. This can help Nateshwori Cold to bring in more transparency and
make supply chain more flexible.

8.5. Environmental:
Environmental factors are fast gaining traction not only among consumers but also among
regulators and policy makers. Climate change and changing ecosystem is leading to the extinction
of more than 20% of species on the planet by the turn of this century. Often the environment policy
at national and local level can be different. This can help Nateshwori Cold Storage in numerous
decisions such as plant location, product development, and pricing strategy.How much of the
budget is spend on renewable energy sources and how Nateshwori Cold Storage can make this
investment as part of its competitive strategy. What are the recycle policies in prospective market
and how Nateshwori Cold can adhere to those policies?

8.6. Legal:
Legal factors often govern – conditions to enter the market, laws to operate in the market, and
procedure to resolve any dispute with other stakeholders. If the legal system is not strong then
Nateshwori Cold Storage can face numerous challenges – from consumer petitions to
shakedowns from authorities. What are the health and safety laws in the country and what Ipcsl
Cold needs to do to comply with them? Different countries have different attitude towards health
and safety so it is better for Nateshwori Cold Storage to conduct a thorough research before
entering the market. And the research is going through for the operation of the business. Before
entering into new market – Nateshwori Cold Storage has to assess what are the business laws and
how they are different from home market. Now the company is getting ready for the operation of
the business.

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9. Project Economics:
Cost of Project:

Nateswori Cold Store Pvt. Ltd.

Summary of Project Cost

S.N. Particulars Amount %

Land 30,348,000.00 15.17%
1 Civil Structure 94,905,007.68 47.45%
2 Furniture & Fixture 4,362,877.14 2.18%
3 Computer & Accessories 1,120,000.00 0.56%
4 Vehicle 5,200,000.00 2.60%
5 Plant & Machinery 50,784,010.85 25.39%
6 Software 300,000.00 0.15%
Total Fixed Assets 187,019,900.00
Working Capitals 9,169,123.65
Pre-operating Expenses 3,810,976.35
Total Project Cost before
Interest 200,000,000.00 100.00%
7 Interest Capitalization - 0.00%
Total Project Cost 200,000,000.00 100.00%
Financing Pattern of the
Project 200,000,000.00
8 Equity Financing 40,000,000.00 20%
9 Loan Financing 160,000,000.00 80%

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10. Project Highlights:

Nateswori Cold Store Pvt. Ltd.

Likhu-05, Nuwakot, Nepal

S.N. Particulars Value Unit

1 Project Cost 200,000,000.00 NRs.
Borrowed Funds 160,000,000.00 NRs.
Owner's Equity 40,000,000.00 NRs.
2 Land 10 Ropani
3 Capacity
Storage Capacity of the project 2,000.00 MT
4 Annual Operating Days 300 Days
5 Net Present Value at WACC ('000s) 19,733.15 NRs.
6 Internal Rate of Return
Project IRR 13% %
Equity IRR 20.47% %
7 Payback Period
Discounted 9.16 Years
8 Debt Service Coverage Ratio 1.87 times
9 Interest Coverage Ratio 28.13 times
10 Moratorium Period 1 year
11 Expected Time to start the project Magh 01, 2079
12 Cost of capital-Interest Rate 8%

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Legal Documents:

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