Fish Flavored Chips and Prawn Crackers: Profitable Seafood Processing Business Investment Opportunity

Fish Flavored Chips and Prawn crackers are made with tapioca flour and shrimp (or prawns). There’s a piece of water introduced to this combination to shape a dough. It’s then steamed and sundried. Shrimp chips are offered each pre-fried and geared up to fry yourself. When you purchase the DIY-kind, they’re white, squishy, and semi-obvious. When you purchase the pre-fried kind, they’re crispy and fluffy.

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Fish Flavored Chips and Prawn cracker is a conventional approach of extending the shelf existence of prawns or shrimps (shell fish) utilized by overseas international locations together with Malaysia and Australia. Nowadays, the product is turning into famous in Nigeria, in particular city centers. The product is to be had in standard stores, consuming bars and in standard supermarkets. It is to be had as fried and unfried crackers can be colored or obvious and they're saved in low humidity surroundings or in a hermetic box to hold its crispness. Other elements perhaps introduced relying at the producer’s choice.

High Demand From Across the World

• Fish Flavored Chips and Prawn cracker is step by step receiving an international acceptability (Parkinson, 2006). It is an impossible to resist snack for youngsters and person alike and it is going nicely with beer. The product is loved in Nigeria and across the world in cocktail events, numerous ceremonies together with in birthday events and also can be used as a welcome package deal in addition to take-away. Processing of prawn crackers has being modernized the usage of a dehydrator-microwave oven. Although the processing is fast, it reasons the product to prepare dinner and make bigger in a manner just like while they're deep fried.

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• However the sun-dried merchandise are desired however it stands the hazard of attracting dust/dirt’s and being attacked via way of means of neighborhood natural world together with cats and others from sampling the product. The product is of overseas starting place and it's far being imported to Nigeria. However, there are numerous meals starches that might be used within side the manufacturing of prawn cracker and that they encompass wheat, maize (corn), rice, sago, rice or even mung bean are to be had for prawn cracker making.

• It is viable to apply starch acquired from cassava and candy potatoes within side the manufacturing of prawn cracker however no paintings has been achieved to analyze this in. Many styles of proteins and protein enrichment can be introduced to 1/3 era snack kind recipes together with meats (complete sparkling shrimp, sparkling chicken, beef, etc.), dairy merchandise (cheese, yoghurt, milk solids) and legume proteins (soy, pea, bean).

Market Growth of Fish Flavored Chips or Prawns Crackers:-

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The Fish Flavored Chips or Prawns Crackers marketplace length has the capacity to develop via way of means of USD 4.89 billion in the course of 2020-2024, and the marketplace’s increase momentum will boost up in the course of the forecast period. Factors together with the developing attention approximately the fitness advantages of Fish Flavored Chips or Prawns Crackers will create significant increase possibilities for marketplace carriers. However, demanding situations together with the developing recognition of plant-primarily based totally shrimp will hinder the increase of the marketplace participants. To enhance the Fish Flavored Chips or Prawns Crackers marketplace demand, carriers need to awareness extra at the increase potentialities within side the fast-developing segments, whilst preserving their positions within side the slow-developing segments.

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Conclusion:-

“Fish Flavored Chips or Prawns Crackers” is one of the project reports by NPCS which covers all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making.

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Introduction

Project Introduction
Project Objective and Strategy
Concise History of the Product
Properties
BIS (Bureau of Indian Standards) Provision & Specification
Uses & Applications

Market Study and Assessment

Current Indian Market Scenario
Present Market Demand and Supply
Estimated Future Market Demand and Forecast
Statistics of Import & Export
Names & Addresses of Existing Units (Present Players)
Market Opportunity

Raw Material

List of Raw Materials
Properties of Raw Materials
Prescribed Quality of Raw Materials
List of Suppliers and Manufacturers

Personnel (Manpower) Requirements

Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

Plant and Machinery

List of Plant & Machinery
Miscellaneous Items
Appliances & Equipments
Laboratory Equipments & Accessories
Electrification
Electric Load & Water
Maintenance Cost
Sources of Plant & Machinery (Suppliers and Manufacturers)

Manufacturing Process and Formulations

Detailed Process of Manufacture with Formulation
Packaging Required
Process Flow Sheet Diagram

Infrastructure and Utilities

Project Location
Requirement of Land Area
Rates of the Land
Built Up Area
Construction Schedule
Plant Layout and Requirement of Utilities

Project at a Glance

Assumptions for Profitability workings	Plant Economics
Production Schedule
Land & Building Factory Land & Building Site Development Expenses
Plant & Machinery Indigenous Machineries Other Machineries (Miscellaneous, Laboratory etc.)
Other Fixed Assets Furniture & Fixtures Pre-operative and Preliminary Expenses Technical Knowhow Provision of Contingencies
Working Capital Requirement Per Month Raw Material Packing Material Lab & ETP Chemical Cost Consumable Store
Overheads Required Per Month And Per Annum Utilities & Overheads (Power, Water and Fuel Expenses etc.) Royalty and Other Charges Selling and Distribution Expenses
Salary and Wages	Turnover Per Annum
Share Capital Equity Capital Preference Share Capital
Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals Revenue/Income/Realisation Expenses/Cost of Products/Services/Items Gross Profit Financial Charges Total Cost of Sales Net Profit After Taxes Net Cash Accruals
Annexure 3 :: Assessment of Working Capital requirements Current Assets Gross Working. Capital Current Liabilities Net Working Capital Working Note for Calculation of Work-in-process
Annexure 4 :: Sources and Disposition of Funds
Annexure 5 :: Projected Balance Sheets ROI (Average of Fixed Assets) RONW (Average of Share Capital) ROI (Average of Total Assets)
Annexure 6 :: Profitability ratios D.S.C.R Earnings Per Share (EPS) Debt Equity Ratio
Annexure 7 :: Break-Even Analysis Variable Cost & Expenses Semi-Var./Semi-Fixed Exp. Profit Volume Ratio (PVR) Fixed Expenses / Cost B.E.P
Annexure 8 to 11:: Sensitivity Analysis-Price/Volume Resultant N.P.B.T Resultant D.S.C.R Resultant PV Ratio Resultant DER Resultant ROI Resultant BEP
Annexure 12 :: Shareholding Pattern and Stake Status Equity Capital Preference Share Capital
Annexure 13 :: Quantitative Details-Output/Sales/Stocks Determined Capacity P.A of Products/Services Achievable Efficiency/Yield % of Products/Services/Items Net Usable Load/Capacity of Products/Services/Items Expected Sales/ Revenue/ Income of Products/ Services/ Items
Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,	Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit	Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses	Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges	Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses	Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses	Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
Annexure 34 :: Tax on Profits	Annexure 35 ::Projected Pay-Back Period And IRR