Frozen Prawn: The Best Seafood Industry

 


The prawns are frozen to a temperature below 0 degrees, it prevents any reactions that can lead to damage and the outcome is plump, juicy, clean prawns that are a satisfaction to cook and eat. The prawns are frozen to a temperature below 0 degrees, it prevents any reactions that can lead to damage and the outcome is plump, juicy, clean prawns that are a satisfaction to cook and eat. Filtering of frozen seafood crops icing at several conditions is widely consumed in seafood conservation. Refining and frozen processes differ not only for various products but for crop species. The petition of the reasonable method is important to maintain the flavour and nutritious importance of the output. If we talk about what is meant by   “frozen” and “fresh” in the global prawn. When fishermen bring prawns onto their boats or ships.


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They throw them directly into frost instantly, refrigerating them within a very quick period of being out of the liquid. This protects the fresh, shrimpy taste of the prawn, icing them in time so that they're same-time neat until they get thawed out again. The adequate procedure and conserving of crops are also significant to acknowledge the principal specifications required for the marketing of the commodity, primarily in progressive countries. Cleansing of frozen seafood crops Refrigerating at numerous temperatures is widely obtained in seafood conservation.

 

 Market Overview




The Global prawn market is expected to rise by US$ 4.89 during 2020-2024, increasing at a CAGR of 3% during the forecast era. The Indian shrimp market extended a volume of 0.74 Million Tons in 2019. In India, fishing indicates substantial monetary action and gives huge development opportunities.

 

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This is due to the nations various reserves and abilities. Expected to improve lifestyles, the sing velocity of urbanization, and a growing number of helping women the market for frozen prawn commodities is increasing. Due to active plans, customers want to buy ready-to-cooked frozen prawn commodities as those are effective as well as easily accessible. The global market is led by the rising attention about the health advantages of prawns and an increasing amount of prawn-based commodity launches. Similarly, rising attention about the health and fitness benefits of prawns is expected to expand the growth of the demand as well.

 

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Opportunities

Frozen prawns are the adequate and suspicious aspect to acknowledge this seafood at any period of the year, but particularly during the mild days of spring and at the beginning of July and the summer. To invest and start a business in this industry will be the best option for entrepreneurs. It is deemed nutritional since it includes proteins, selenium, antioxidants, phosphorus, magnesium, iron, and vitamins. Various health advantages correlated with prawn consumption contain weight loss, battling to age, increasing bone health, reducing menstrual suffering, and staving off cardiovascular disorders. Due to it frozen prawn will be a growing industry in the forecast period 2021-2025. A buyer for the demand toward seafood is increasing. In India, fishing indicates substantial monetary action and gives huge development opportunities. This is due to the nations various reserves and abilities.

 

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Conclusion

Niir Project Consultancy Services (NPCS) has created an outstanding report called "Frozen Prawn: The Best Seafood Industry". In this report, you will get information related to Frozen Prawn and its market strategies and business plans. According to the report, Frozen Prawn is growing the seafood Industry due to the customer demand and preference toward seafood, especially frozen prawns. We tried to discuss all the necessary information related to Frozen Prawn.  If you have any doubt or queries related to this project, contact us on our official NPCS website.

 

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#feasibilityReport #NPCS #industrialproject #entrepreneurindia #startupbusiness #BusinessIdeas #StartupBusinessIdeas  #BusinessOpportunity #AquacultureSector #FisheriesBusiness #FishFarming #Fisheries #SeaBassFish #FisheriesIndustry #fisheriesproduction #Aquacultureproduction  #FrozenPrawn

 

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Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  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

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

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

 

Ø  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)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  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

Along with financial details as under:

 

  •     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