Financial Projection, Analysis and Investment Structure

Table 2. Financial Projection based on USD60.00/kg selling price

Table 3.Financial Projection based on USD80.00/kg selling price

Table 4. Financial Projection based on USD100.00/kg selling price

With reference to Table 2 , the Internal Rate of Return (IRR) of 76% is an expected welcoming figure that surpasses most industrial average despite forecasting an unrealistically low market price of USD 60.00/kg of dried sandfish against the actual of USD 80.00/kg the previous year. The risk of failure is ‘lost’ within such a high IRR!

Trade statistics for Sandfish and other Sea Cucumber species are available on the FAO website and a sample quotation of an Indonesian supplier can be found on Alibaba for cross reference. Also an interesting article in the Hatchery International by Dr. Beni Giraspy and Blue Ventures.

A Net Present Value (NPV) of USD 10,849,623 over a 10 year period adds confidence to an aquaculture business that is even more promising when compared to the established shrimp farming industry.

The Accounting Rate of Return (ARR) of 87% is a further reassurance that this Sandfish farming project deserves the undivided attention of the most prudent investor!

Return on investment is after the initial four years of operation (ROI 1st year harvest is 31.20%, 2nd year harvest 76.77%, 3rd year harvest 85.09%, 4th year harvest 94.31%).

Project Investment Structure

General Investor Shares will be registered under:

Singapore Offshore Holding Company - Aquafarm Limited

Indonesian Foreign Direct Investment Company - PT. Aquafarm Indonesia