Auto Rice Mill (Company Name)

Mohadevpur , Nowga
Bangladesh

Project Charter/Key Facts

Key Objectives:

Critical Success Factors

Increate productivity, efficiency and profitability of existing semiauto rice mill.

Secure EEF funds from ICB (Investment Corporation of
Bangladesh)
Following successful implementation of Auto-Rice mill project,
this company will explore other bi-products and project finance
from ICB.

Secure funding from ICB via EEF programme

Identify reliable source to import Auto Rice mill
machinery.
Import all necessary machinery from China
Successful installation of machinery.
Establishment of an efficient operational process to
maximise output.

Barrier
ICB EEF Funding

In Scope:
Auto Rice Mill Project via ICB EEF funds only.
Out Scope:
Any private bank funded projects or semi-auto mills.

Stakeholders
ICB
Owners of exciting semi-auto mills
Executive Directors

Key Financial Facts:

Total Project Value : 120 million BDT
Funding ratio: 49% funded by ICB + 51% funded by Owners.
Interest rates: 0% for the first 8 years, 5% on the remaining balance after 8 years.
Key Expenses/Repayment/Forecasted net profit:
1.4 million BDT (approximately) to secure lending from ICB: 0.7 Million expenses during EEF Loan sanction
process.. 0.7 million after EEF loan sanctioned.
0.5 million BDT monthly repayment to ICB over 8 years to pay-off this loan, Its optional.
0.2 million BDT monthly fees to 2 directors with EEF Program.
20 million BDT net profit per month (estimated forecast)
2

High Level Milestone Plan - 2014

Conduct
Jan

Feb

Mar

Close
Apr

May

Jun

Aug

Sep

Oct

Nov

Form a new
Company

Approved by
BB

Stage
1 approved
By ICB

Stage
2 approved
By ICB

Stage
3 approved
By ICB

Submit Proposal Submit Proposal

To ICB
BB

Stage
4 approved
By ICB

Funds
Released

LC issued

Machinery order

Installation and Output

Dec
Closed

Conduct

Commence
Agreement to
proceed

Jul