VERMI-COMPOSTING

The  various  organic  wastes  including  farm  yard  manure is  fed  by  earth  worms and they excrete out the fine mucus coated faecal pellets called vermicompost and the process is called  vermicomposting.  There is a great demand of this project. Vermiculture  refers  to  culturing  of  earthworms  for  diverse  purpose, major  one  being  vermicomposting.  Through  the  simple  act  of  eating,  earthworms  promote bacterial  growth,  enhance  soil  structure  and  hasten  the decomposition  of  organic  matter. The  process  of  composting  crop  residues/agri wastes using  earthworms comprise  spreading  the  agricultural  wastes  and  cow  dung  in  gradually  built  up shallow  layers.  The  pits  are  kept  shallow  to  avoid  heat  built-up  that  could  kill earthworms.  To  enable  earthworms to  transform  the  material  relatively  faster  a temperature of around  300C is  maintained. The  final product  generated  by  this process  is  called  vermicompost  which  essentially  consist  of  the  casts  made  by earthworms eating the raw organic materials. Earthworms can be sold to the following markets: Bait and tackle shops Large-scale vermicomposting facilities Worm growers just entering the business Institutions and businesses that do on-site vermicomposting of their food scraps and other organic materials (includes prisons, hospitals, schools, colleges and universities, restaurants, grocery stores, office buildings, etc.) EIRI have prepared the project report on Vermi-composting for the entrepreneurs who wish to start this unit. Farmers desiring to vermicompost animal manure (including livestock and poultry farms, rabbitries and horse stables) Composters, organic gardeners or fisherpeople wanting to raise worms for their own use Growers with orders too large to fill from their own stocks Private laboratories, universities, and high schools for research and classroom needs.

  Each ‘EIRI’ MARKET OVERVIEW CUM DETAILED TECHNO ECONOMIC FEASIBILITY REPORT (Complete Report) tentatively covers
•    Introduction
•    Properties
•    BIS (Bureau of Indian Standard) Specifications & Requirements
•    Uses & Applications
•    Present Indian Market Overview/Position
•    Export & Import Statistics Data
•    Names and Addresses of Existing Units (Present Manufactures)
•    List of Plant & Machineries
•    Miscellaneous Items and Accessories
•    Instruments, Laboratory Equipments and Accessories
•    Electrification, Electric Load and Water
•    Maintenance, Suppliers/Manufacturers of Plant and Machineries
•    Manufacturing Process with Formulations (If applicable)
•    Flow Sheet Diagram
•    List of Raw Materials
•    Availability of Raw Materials
•    Requirement of Staff & Labour
•    Personnel Management
•    Skilled & Unskilled Labour
•    Requirement of Land Area
•    Built up Area
•    Plant Layout
Along with financial details as under:
•    Summary of Capital Cost of Project
•    Land & Side Development Exp.
•    Buildings
•    Plant & Machineries
•    Misc. Fixed Assets
•    Technical Know how Fees & Exp.
•    Preliminary Expenses
•    Pre-operative Expenses
•    Provision for Contingencies
Below mentioned financial statements (Annexure) will be  for 5 to 10 Years
•    Annexure:: Cost of Project and Means of Finance
•    Annexure:: Output, Profitability and Cash Flow Chart
•    Annexure:: Assessment of Working Capital requirements
•    Annexure:: Sources of Finance
•    Annexure:: Balance Sheets
•    Annexure:: Break-Even Analysis and profitability analysis.
•    Annexure:: Quantitative Details-Output/Sales/Stocks
•    Annexure:: Sales Realisation
•    Annexure:: Raw Material Cost
•    Annexure:: Other Raw Material Cost
•    Annexure:: Packing Material Cost
•    Annexure:: Consumables, Store etc.,
•    Annexure:: Employees Expenses
•    Annexure:: Fuel Expenses
•    Annexure:: Power/Electricity Expenses
•    Annexure:: Repairs & Maintenance Exp.
•    Annexure:: Other Mfg. Expenses
•    Annexure:: Administration Expenses
•    Annexure:: Selling Expenses
•    Annexure:: Depreciation Charges – Profitability
•    Annexure:: Depreciation Charges
•    Annexure:: Interest and Repayment – Term Loans
•    Annexure:: Tax on Profit
•    Annexure:: Assumptions for Profitability workings
•    Annexure:: Assessment of Working Capital