Dated: Fakirhat, Bagerhat

11/08/2020

Dear
Mr Sorower Hossain
Financial Consulting Association
Dhaka, Bangladesh

Thank you for the opportunity to be considered for support by your organization.
In the fourteen years since its founding, the Fakirhat Feed Mills Ltd has played a major role in
the agriculture of our district with productive, supervised productions of various Fish Poultry
and Cattle Feed which are pellet. So The FLOATING FISH FEED PRODUCTION PLANT
PROJECT uses the floating fish plan to produce floating fish feed by which our company has
going to have a new kind of feed production method which is already a popular type of feed for
our farmer.
A priority needs for the FLOATING FISH FEED PRODUCTION PLANT
PROJECT is funding for this project.
The Fakirhat Feed Mills Ltd is requesting BDT 200 million from your organization to support
this project that makes a meaningful difference in the lives of our local people. A contribution
from your organization will give us the jumpstart we need while we continue to implement our
recently developed fund raising plan.
We believe that the FLOATING FISH FEED PRODUCTION PLANT PROJECT
consistent with the interest of your organization, and hope that you will find it in your hearts and
budget to support this program. If I can provide additional information to encourage
consideration of our request, please feel free to contact me at. I would also be happy to
personally meet with your committee to present this proposal.

Most sincerely,
Fuad Hasan
Director
Fakirhat Feed Mills Ltd
Fakirhat, Bagerhat
[email protected]
 PROJECT DESCRIPTION

In general, floating feeds offer numerous advantages over their sinking counterparts. Raw materials are
propelled by screws along the barrel of the extruder machine to cook the materials at 120-175ºC for about
30 seconds. The homogenous cooked mixture is forced through a die at high pressure. The material expands
because of the pressure difference. Floating feeds are more digestible as a result of cooking process and the
heat and pressure deactivate destructive enzymes as well. Increased starch gelatinization helps the feed to
be more stable in water by disintegrating less quickly that gives enough time to the fish to take the meal
completely. Moreover, the farmer can directly observe the feeding intensity of his fish and adjust feeding
rates accordingly determining whether feeding rates are too low or too high is important in maximizing fish
growth and feed use efficiency. Another side effect is that farmers can visually monitor the health condition
of the reared fish as they come to the surface to take feed.

In contrast, floating feed can be detrimental with respect to consumption by competitors and some fish
species.

Feed Ingredients:

Wide ranges of ingredients are used in preparation of aquafeeds. They include aquatic and terrestrial plants
(Duckweeds, Azolla, Water Hyacinth, etc.), aquatic animals (Snails, Clams, etc.) and terrestrial-based live
feeds (Silkworm Larvae, Maggots, etc.), plant or grain processing products and byproducts (De-Oiled
Cakes and Meals, Beans, Grains and Brans) and animal-processing by-products (Meat and Bone Meal,
Bone Meal, Blood Meal, Feather Meal, etc.). There are more than 35 low price raw materials found locally
in Bangladesh can be used in the preparation of supplementary feed of fish and shrimp (Ali and Hoq, 2010).

Table 1: Ingredients used commonly as sources of protein, carbohydrate and fat.

Nutrient Ingredients used
Protein Fish meal, Dry fish, Soybean meal, Meat and bone meal, Rape seed cake, Mustered oil cake, Soy
protein concentrate, Blood meal, Krill meal, Maize gluten.
Carbohydrate Rice polish, Maize, Flours, Wheat meal, Extruded gelatinized starch.
Fat Fish oil, Vegetable oil, Crude oil, Full fat soybean.

A wide variety of additives are used that would have positive effects on growth and feed conversion
without causing bacterial resistance to fully utilize valuable raw materials in feed pellets.

Feed Production:

Production of feed includes two major steps as feed formulation and processing or preparation.
Formulation

Feed formulation is the process of quantifying the proportion of ingredients to be put together, to form a
single uniform mixture or pellet that will provide all the nutritional requirements of the target fish. It is a
central operation in feed production, ensuring that feed ingredients are economically used for optimum
growth of reared species. It requires a good expertise in fish biology and nutrition along with a deep
knowledge about feed ingredients and their roles. Most large-scale fish farmers depend on commercial feed
mills for their feeds, to obviate the need to do their own formulations or feed preparation. It is therefore
essential that formulations are accurate, to ensure that cultured fish are not adversely affected. Feed
formulation is a science and an art at a time, requiring knowledge of feed and fish in view of economic
aspects when using formulae.

Feed formulation can be done in two major steps as,

• Ingredient selection and restrictions and
• Identification of nutritional specifications.

Processing

• Grinding
• Mixing
• Conditioning
• Pelleting
• Drying and
• Packaging

Feed Characteristics:

Flavor and taste

Flavor and taste of feed is especially important in the case of bottom feeding animals. Smell can be detected
by the specific anatomical receptors in fish, but flavor has to be dissolved in water for the fish to locate it.
Some fish have receptors in their mouths, or on the head or lips. Some even have taste receptors on their
skin. These receptors carry messages to the brain and tell the fish to swim towards the food. Some kinds of
food can strongly stimulate fish to feed by their flavor.

Sizes of pellets

Feeds are produced in a variety of sizes on the basis of the die diameter and the cutter blade action. The
pellet size ranges from fine powder for small fries or fingerlings to 1/2 inch or larger pellets. The pellet size
must be limited to about 20-30% of the diameter of mouth opening of the fish species concerned. In case of
feeding too small pellets than the appropriate size, more energy have to be used by the cultured animal
during searching and eating more pellets that results in inefficient feeding. On the other hand, pellets that
are too large will depress feeding and may cause choking in severe cases.

A variety of factors govern the quality and wholesomeness of aquafeeds. Feedingstuffs origin, processing,
handling and storage, as well as many other factors related to the market, can affect at different levels both
quality and safety of feed (Pinotti and Dell’Orto, 2011). Feed quality can be ensured initially by using good
quality ingredients. Purchase of raw materials must conform adequate quality, traceability, environmental
sustainability and safety standards.

Feed manufactured in the factory is usually of desired quality, but that level of quality may have been fall
by the time it reaches a farmer’s pond finally. Commercial fish feed is usually purchased by large farms as
bulk feed in truckloads and stored in outside bins (Craig and Helfrich, 2002). Finished feeds undergo
deteriorative changes during storage which not only lower their nutritive value below minimum
specifications but also affect their palatability and appearance. Feeds should be stored in dry, well
ventilated warehouses out of direct sunlight with a minimum temperature change to reduce micro-climatic
variations and containment for control of pests. All feed should be used within two months of manufacture
and inspected regularly. During long storage there may arise growth of mould, degradation of vitamin
potency and fat rancidity. Unnecessary handling damage the feed bags and creates dusts that are not usually
consumed by fish and wasted. Pests (i.e. mice, rats, roaches) must be controlled strictly in the storage, to
avoid contamination. Proper storage is a simple, but an important part to keep the products at a high quality.

Nutritionists, industry, farmers, and overall the government authorities have to pay attention to animal
feedstuff production processes, thereby acknowledging that animal feed safety is an essential prerequisite
for human food safety

Project Diagram

Complete Plan Diagram

Fish Feed Production Technology

Feed comprises the biggest cost in intensive fish farming and the objective of feeding fish is to provide the
nutritional requirements for good health, optimum growth, optimum yield. India produces enormous
quantities of feed materials derived from crops. These include a wide variety of oil cakes, pulses, mill by
products, of seeds and grains. Unlike natural food which is normally are present as discreet living forms and
therefore biologically stable until consumed, artificial feeds undergo rapid nutrients loss through normal
deteriorative processes and leaching by water unless quickly consumed. Moreover, when feed aggregates
tend to disintegrate and separate into their ingredient’s components, thus losing their original nutritional
properties. So, a successful artificial feed apart from meeting nutritional requirements should have good
water stability and acceptance by the fish. To produce feed with the desired physical characteristic, feed
processing and technology has a major role for quality feed preparation.
There are some basic steps of Feed Manufacturing and technology these are:

Extrusion processing has become the primary technique used for fish feed production, mainly because of
the high physical and nutritional quality of the feed .Basically, an extruder is a long barrel with one or two
rotating screws (single or twin screw extruder) which is specially designed to subject feed mixtures to high
heat and steam pressure. When feed exist the die at the end of the barrel, trapped steam blows off rapidly,
the soft warm pellets expand, and low density floating pellet is produced. The system is also equipped with
a preconditioner as well as an accompanying machine control system. The preconditioner is a high speed
mixing unit designed for the purpose of mixing water and steam into the blend of dry ingredients. The
Overall goal with preconditioning is to supply the extruder barrel with an evenly moistened and preheated
mix. Preconditioning allows more efficient transfer of heat through friction in the extruder barrel, and also
reduces the extruder barrel wear and energy. Most materials require milling prior to extrusion, especially
large granular ingredients like Maize or Soya. After extrusion, cooling is required to remove excess
moisture. A moisture content of 12-14% should be achieved to prevent fungal activity.

SUSTAINABILITY OF PROJECT
To serve our local and domestic people, all of who are involve in floating fish farming, Our project has
developed new improved floating fish feed for local dealer and farmer who is already my sinking feed
consumer/dealer. So, it will generate a optimum volume of profit to consider this project as a successful
implementation. This feed has a great demand for which all the dealing and transaction occur in instant
payment. Which is benefiting our company a lot for re production

PUBLICITY
Fakirhat Feed Mills Ltd will be pleased to acknowledge your contribution with appropriate signage at the
facility. In addition, we would make mention of your gift in our quarterly newsletter and submit news
releases to local newspapers.

REQUEST
Fakirhat Feed Mills Ltd requests a grant of US $ 2.3 million to initiate and develop the FLOATING
FISH FEED PRODUCTION PLANT PROJECT which will make a meaningful difference in the
lives of our area’s people and help create a agro based safer community.
Mortgage Information:
Our company is able to give mortgage land/asset by any of our local bank as per requirement.

BUDGET INFORMATION

For Developing The Plant

SUMMARY
I Raw Material Receiving and Grinding Process 88.45kW 50,342 $
II Mirco Grinding Process 136.20kW 110,367 $
III Extruding and Drying Process 197.19kW 430,747 $
IV Oil Coating and Cooling Process 18.20kW 61,369 $
V Bagging Process 0.55kW 19,927 $
VI Feed Factory Auxiliary Equipments 10.50kW 7,486 $
VII Complete Feed Factory Control Centre 91,986 $
VIII Installation Auxiliary Material 56,979 $
IX Service (Design & Installation) 37,000 $

Total 866,203 $
FREIGHT AND PACKING COST 16,200$
*******************************************************
In total :882,403

For Working Capital

Handling the cost of production from raw
materials to finished feeds with all other
production related cost.

US $ 1,300,000