Reach Us
Niir Project Consultancy Services (NPCS)
AN ISO 9001 : 2015 CERTIFIED COMPANY
106-E, Kamla Nagar,Opposite Spark Mall,
New Delhi-110007, India.
Email: npcs.ei@gmail.com,
info@entrepreneurindia.co
Tel: 91-11-23843955, 23845654, 23845886, +91-8800733955
Mobile: +91-9811043595
Fax: 91-11-23845886
Web: www.entrepreneurindia.co
  • Join Us On
Reach Us
Quick Enquiry
 
   
   
 
Quick Enquiry
 
 

Niir Project Consultancy Services (NPCS) through its network of project consultants in a wide range of business and technological disciplines is engaged in providing services to its clients by way of preparation of project reports. We provide the pre-investment information and business plans required for promoters, business leaders, young entrepreneurs, women entrepreneurs, investors, NRI (Non Resident India), startups, professionals looking to start their own venture. The comprehensive project profile reports cover 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, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, break-even point, rate of return (ROR), etc. the DPR is formulated by highly accomplished and experienced consultants and the market research and analysis are supported by a panel of experts and digitized data bank.


Bakery Industry in India (Bread, Biscuits and Other Products) Present & Future Prospects, Market Size, Statistics, Trends, SWOT Analysis and Forecasts (Upto 2017)

Capacity 0 Plant and Machinery cost 0.00 Lakhs
Working Capital 0.00 Rate of Return (ROR) 1.00 %
Break Even Point (BEP) 0.00 % TCI 0.00 Lakhs
Cost of Project 0.00Lakhs

Description:

The market research report titled ‘Bakery Industry in India (Bread, Biscuits and other products)  Present & Future Prospects, Market Size, Statistics, Trends, SWOT Analysis and Forecasts (Upto 2017)  released by Niir Project Consultancy Services, provides a comprehensive analysis on Indian bakery industry covering detailed reporting of the bread and biscuits sector in India. The report also provides a bird’s eye view of the global bakery industry with details on projected market size and then progresses to evaluate the Indian industry in detail. The report elucidates the structure of Indian bakery industry, its classification in various products (Biscuits, bread, cakes, pastries, buns and rusks) and then provides a categorical overview of bread and the biscuits sector. The Indian biscuit sector is dominated by players like Britannia, Parle and Sunfeast brand (ITC) together with other small players like Priyagold, Anmol Biscuits, Cremica etc whereas bread sector has only two major players, Britannia and Modern; and a host of regional players like Harvest Gold, Bonn, Vibbs etc. The report provides an expansive market analysis of the Indian bakery sector by covering areas like growth drivers, trends prevailing in the industry as well as comprehensive SWOT analysis of the sector. The report indentifies growth factors of the industry as changing perception of the bakery products coupled with changing lifestyles of the Indian population. Consumption of bakery products was not in the Indian culture; however with changing eating habits of the people and with rising western influence on food consumption patterns, bakery products today have got takers from all age groups in the country. Rising preference for premium biscuit category is another factor that will contribute in the volume growth for the industry. Glucose segment has been losing its share to categories like cookies and cream biscuits which are growing at a much higher rate than the overall biscuit sector. Also the industry has been experiencing fortification of the bakery products in order to satiate the burgeoning appetite of the health conscious Indian. Numerous healthy products have been launched in the bakery segment and are gaining popularity at a high rate. Mounting presence of bakery chains has further triggered the growth in the sector. Several international bakery chains have entered in India recognizing potential of the industry. Trends that have been gaining ground in the sector are e-retailing of the bakery products, aggressive expansion plans of the incumbents as well as technological and ingredients advancement. Just when you thought that electronics and clothes were the only popular categories in e-retailing, there came bakery products which have been gaining traction in the e-retailing segment. Bakers are also bringing innovation and advancement in the technology and ingredients they use. Packaging front has also seen some changes in the past years. The report further evaluates the position of the industry by providing insights to the SWOT analysis of the industry. Large Indian population, abundant supply of raw materials and low capital requirements are some strengths of the bakery segment in India. India is among top producers of key raw materials of the bakery industry which puts sector in the sweet spot. The sector faces challenges in the form of raw material fluctuations, high taxation as well as its unorganized nature. Industry’s raw materials being agricultural in nature are exposed to seasonal fluctuations in terms of availability and price movements. Rising competition in the sector due to low capital requirements and high growth rate of the sector is another impediment faced by the industry. However even after such challenges, the industry has opportunities galore. Low consumption of bakery products in the industry and spurt in the organized retail in the country are some of the biggest opportunities for the bakery players. Rising incomes as well as emergence of new middle class segment will also be key factors in the growth for the industry. Indian bakery segment is already in a favorable position with high rural penetration of its products which will help it tap the Indian rural consumption boom. The next segment of the report scrutinizes the demand supply scenario of the bakery industry with projections of important numbers covering the overall bakery sector as well as biscuit and bread segment also. The report also provides you a succinct view on the foreign trade of bakery products. It captures the current market size of the sector as a whole together with bread and biscuit segment coupled with forecasts for the next five years. The report also includes key player profiles of players like Britannia Industries Ltd, Parle Products Ltd, ITC Ltd, Surya Food & Agro Ltd (Priyagold) and Modern Food Industries India Ltd. The report shares vital information like shareholding pattern, revenue mix, plant location and financial summary of the aforesaid companies. The next segment provides complete financial comparison of bakery companies in India. Indian bakery industry is one of the biggest sections in the processed food industry of the nation and has undergone a massive change majorly on account of changing perception of bakery products and evolving consumer tastes. Rising urbanization and growth in the disposable incomes of the Indian population has proven to be a magnet for international bakery chains owing to which the sector has seen an influx of foreign bakery companies foraying into India which has helped in improving the quality of Indian bakery products. Today there is a constant effort by the bakery players to innovate their product line to match up to Indian palate. Driven by evolving perception of bakery products in India, consumption boom in the nation and changing consumer preferences, we estimate the Indian bakery industry to touch levels of INR 483 billion in the next five years.

Reasons for Buying this Report:

This research report helps you get a detail picture of the industry by providing overview of the industry along with the market structure and classification

The report provides market analysis covering major growth driving factors for the industry and latest market trends in the industry

This report helps to understand the present status of the industry by elucidating a comprehensive SWOT analysis and scrutiny of the demand supply situation

Report provides analysis and in-depth financial comparison of major players/competitors

The report provides forecasts of key parameters which helps to anticipate the industry performance

 

Our Approach:

Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years.

The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players

We use reliable sources of information and databases. And information from such sources is processed by us and included in the report

 

 

TABLE OF CONTENTS

1. OVERVIEW 1.1 The Global Scenario 1.2 The Indian Scenario 1.2.1 Classification of the Industry 1.2.2 Category Overview 2. MARKET ANALYSIS 2.1 Industry Growth Drivers 2.1.1 Changing perceptions and lifestyles 2.1.2 Premiumization of the biscuit sector 2.1.3 Rising Urbanization 2.1.4 Product Innovation 2.1.5 Easy availability 2.2 Emerging Trends in the Industry 2.2.1 E-retailing of bakery products 2.2.2 Expanding Foothold 2.2.3 Technological Advancements 2.2.4 Improved Packaging Solutions 2.2.5 Innovation in ingredients 2.3 SWOT Analysis 2.3.1 Strengths 2.3.2 Weaknesses 2.3.3 Opportunities 2.3.4 Threats 3. MARKET FORECASTS 3.1 Demand 3.1.1 Biscuits 3.1.2 Bread 3.2 Supply 3.2.1 Biscuits 3.2.2 Bread 3.3 Foreign Trade 4. KEY PLAYERS 4.1 Britannia Industries Ltd 4.2 ITC Ltd 4.3 Parle Products Ltd 4.4 Modern Food Industries (India) Ltd 4.5 Surya Food & Agro Ltd 5. KEY FINANCIALS AND ANALYSIS 5.1 Contact Information 5.1.1 Registered Office Address 5.1.2 Director’s Name 5.2 Key Financials 5.2.1 Plant Location 5.2.2 Raw Material Consumption 5.2.3 Plant Capacity & Sales 5.3 Financial Comparison 5.3.1 Assets 5.3.2 Liabilities 5.3.3 Growth in Assets & Liabilities 5.3.4 Income & Expenditure 5.3.5 Growth in Income & Expenditure 5.3.6 Profits 5.3.7 Liquidity Ratios 5.3.8 Profitability Ratios 5.3.9 Return Ratios 5.3.10 Working Capital & Turnover Ratios 6. INDUSTRY SIZE & OUTLOOK ? LIST OF FIGURES & TABLES Figure 1 Global Bakery Products Industry- Market Size Figure 2 Indian Bakery Industry- Structure Figure 3 Indian Biscuit Industry- Structure Figure 4 Indian Biscuit Industry- Price Segments Figure 5 Indian Biscuit Industry- Consumption Pattern Figure 6 Indian Bread Industry- Structure Figure 7 Indian Bread Industry- Consumption Pattern Figure 8 Shrinking Glucose Segment (FY10-13) Figure 9 Indian Population Structure- Rural & Urban Figure 10 Online Retailing in India- Market Size (2008-16, In INR Billions) Figure 11 Population of India (2008-17, In Millions) Figure 12 India's Wheat Production (2006-12, In Lakh Tonnes) Figure 13 Milk Production in India (2009-13, In Million Tonnes) Figure 14 India's Sugar Production (2009-13, In Million Tonnes) Figure 15 MSP of Wheat (2010-15, In INR/Quintal) Figure 16 Indian Middle Class Population (Current-2026) Figure 17 India's Annual Per Capita Income (2008-13, In INR) Figure 18 Per Capita Consumption of Bakery Products in the World (In Kgs) Figure 19 Demand Structure of Bread & Biscuits In India Figure 20 Share of Organized Retail in Indian retail industry (2012-17) Figure 21 Demand for Biscuits in India (2007-12, In Million Tonnes) Figure 22 Demand for bread in India (Upto 2017, In Million Tonnes) Figure 23 Bakery Production in India (2017, In Million Tonnes) Figure 24 Registered Bakery Units in India (2007-11) Figure 25 Total Investments in Bakery Sector (2011-14E, In INR Millions) Figure 26 Biscuit Production in India- Organized Sector (2007-17, In Million Tonnes) Figure 27 Bread Production by Selected Producers (2008-17E, In '000 Tonnes) Figure 28 Britannia Industries Ltd- Bread production (2008-11, In '000 Tonnes) Figure 29 Britannia Industries Ltd- Shareholding Pattern (Dec 2013) Figure 30 Britannia Industries Ltd- Revenue Distribution (March 2013) Figure 31 ITC Ltd- Shareholding Pattern (Dec 2013) Figure 32 ITC Ltd- Revenue Distribution (March 2013) Figure 33 Indian Bakery Industry- Market Size (2005-17, In INR Billions) Figure 34 Indian Biscuit Industry- Market Size (2009-17, In INR Billions) Figure 35 Indian Bread Industry- Market Size (2008-17, In INR Billions) Table 1 Bakery Chains in India Table 2 Indian Exports of Bakery Products- List of Countries Table 3 Indian Imports of Bakery Products- List of Countries Table 4 Britannia Industries Ltd- Plant Locations (March 2013) Table 5 Britannia Industries Ltd- Financial Summary (2011-13) Table 6 ITC Ltd- Plant Locations (March 2013) Table 7 ITC Ltd- Financial Summary (2011-13) Table 8 Parle Products Ltd- Plant Locations (March 2013) Table 9 Surya Food & Agro Ltd- Financial Summary (2010-12)

 

Tags

Ayurvedic Cosmetics manufacturing, Best herbal products for skin care, Body Care manufacturing, Body cream production procedure, Book on herbal cosmetics, Business consultancy, Business consultant, Business Plan for a Startup Business, Business start-up, Cosmetic cream manufacturing process, Cosmetics and Personal Care Products, Detailed Project Report on Herbal Cosmetics, Download free project profile on Herbal Cosmetics, Establishing Your Own Business Making Skin Care Products, Face Pack Manufacturing Process, Feasibility report on Herbal Cosmetics manufacturing unit, Formulation of Herbal Cosmetic Products, Free Project Profile on Herbal Cosmetics, Great Opportunity for Startup, Hair Care manufacturing, Herbal Beauty Products manufacturing, Herbal Cosmetic Based Profitable Products, Herbal Cosmetic Business, Herbal Cosmetic Products Manufacturing Industry in India, Herbal Cosmetic Products Manufacturing process, Herbal Cosmetic Small Business Manufacturing, Herbal Cosmetic Small Scale Industries Projects, Herbal Cosmetics and Beauty Products, Herbal cosmetics manufacturers in India, Herbal cosmetics manufacturing in India, Herbal Cosmetics manufacturing, Herbal Creams manufacturing, Herbal Hair Oil manufacturing, Herbal Products Herbal Beauty Products, Herbal Shampoo manufacturing, Herbs manufacturing, How to Make Herbal Cosmetics Products, How to Manufacture Herbal Cosmetic Products, How to Start a Cosmetic Line Small Business, How to start a successful Herbal Cosmetic business, How to Start an Herbal Cosmetic Production Business?, How to Start Herbal Cosmetic Products Manufacturing Industry, Industrial Project Report, Makeup Products manufacturing, Manufacturing process of cosmetics products, Manufacturing process of face cream, Manufacturing process of Herbal Cosmetic Products, Most Profitable Herbal Cosmetic Manufacturing Business Ideas, Natural Herbal Cosmetics Products, Natural skincare products, New small scale ideas in Herbal Cosmetic industry, Pre-Investment Feasibility Study on manufacturing unit, Production of body cream, Production of Cosmetic Creams and Lotions, Production of cosmetics, Profitable Small Scale Herbal Cosmetic Manufacturing, Project consultancy, Project consultant, Project for startups, Project profile on Herbal Cosmetics Manufacturing unit, Project report on Herbal Cosmetics industries, Project Report on Herbal Cosmetics manufacturing unit, Setting up and opening your Herbal Cosmetic Business, Skin care business plan, Skin Care Cosmetics manufacturing, Skin Care manufacturing, Small scale Herbal Cosmetic production line, Small Start-up Business Project, Start an Herbal Cosmetics Business, Start up India, Stand up India, Start Your Own Herbal Cosmetics Business, Starting a Herbal Cosmetic Business, Start-up Business Plan for Herbal Cosmetic Industry, Start-up Business Plan for Herbal Cosmetics manufacturing plant, Startup ideas, Startup Project for Herbal Cosmetics production unit, Startup project plan, Startup, Techno-Economic feasibility study on Herbal Cosmetics, Technology of the Herbal Cosmetics Industry


Information

  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

ABOUT NPCS

 

NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.

 


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

 

The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?


The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.

 

Our Approach:


• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.

 

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

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