FISH PRODUCTION PROJECT EXECUTIVE SUMMARY

  • The following report and recommendation relate to the proposal by Dannybliss Integrated Agro Enterprise to establish a catfish production and processing business venture in Rivers State
  • The project would require a start-up capital of $50,000 that is made up of $30,000 for fixed assets and $20,000 for working capital
  • The enterprise vision is to be the most outstanding and key producer of process catfish in Niger Delta region of Nigeria, particularly Rivers State
  • The project will be located at Rivers State because of its easy access to targeted market from that location
  • A huge market is available for the business to serve
  • The financial projection shows that the project will be financially stable and liquid by the time it matures. The sales figure stands at $405,600 for year1, $811,200 and for year2 and year 3 respectively.
  • The cash flow projection is equally good and encouraging by first year it is $610,410, second year is $930,934 and the third year is $9847,862
  • The competitive edge of the enterprise lies in its ability to produce quality 1kg of process cattish as a result of good managerial ability and innovation
  • The Net profitability indicators as extracted from the projections shows that; profit after tax for year1 is $820, 090 , year 2 is and for year 3 is $950,924
  • The business was found to break even from the first year through to the third year with a return on investment of 117.79% and 235.94%

Therefore, from the point of the analysis on this business, the catfish production and processing business venture is found to be technically feasible, financially viable and economically desirable. Thus, the project offers good investment and job creation benefits and should be recommended for funding