Poultry Feed

July 26, 2017 | Author: shani27 | Category: Animal Feed, Inventory, Expense, Balance Sheet, Working Capital
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Project feasibility report of poultry feed company. The Islamia University of Bahawalpur, Pakistan....

Description

Feasibility Report

A-1 Feed Industry

PROJECT REPORT

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Feasibility Report

A-1 Feed Industry

“POULTRY FEED INDUSTRY”

SUBMITTED TO:

Mr. JAVAID IQBAL (Chairman)

SUBMITTED BY:

NAME

ROLL NO

HASAN QURESHI

(29)

RAHIQA FATIMA

(21)

JAWAD UL HASAN

(08)

Msc (Accounting & Finance) 3rd Semester

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Feasibility Report

A-1 Feed Industry

PREFACE It is stated that the student of Department of Commerce presently in M.Sc (Accounting & Finance) 3rd semester have given project on “POULTRY FEED INDUSTRY” Department of Commerce is being aware of the importance of practical training, requires every M.Sc (Accounting & Finance) student to make a project Assignment. We also have also visited a Poultry Feed Industry Named as SHAMIM

FEED INDUSTRY SAMA SATTA LINK ROAD, BAHAWALPUR. We have tried our best to collect the knowledge and information. It has broadened out knowledge and vision about the market. This Report is the Explanation of all work done by project Team.

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Feasibility Report

A-1 Feed Industry

DEDICATED

To TO Due to one person we are able to do such a works. He has produce skills in our selves. We have dedicated all our work to very Intelligent Charming, Educated, And Lime light For student The One and Best OUR Teacher:

Javaid Iqbal

Thank you Sir

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Feasibility Report

A-1 Feed Industry

ACKNOWLEDGEMENT Up and above everything, we are thankful to ALMIGHTY ALLAH, the most Beneficent and merciful, and His Holy Prophet (Peace be upon him) Who is forever a true torch of guidance for whole humanity. We am greatly obliged to “ALLAH” by Whom grace we have been able to complete this Project Report successfully.

We also offer our thanks to Honorable Mr. Javaid Iqbal for providing us a chance to work in such a Profitable Industrial Project. We also offer our thanks to Respect Parents for being supports us in all means Financially and Mentally to complete our work. We also thank to the General Manager Mr. Saqib Faheem Butt, & officer of the Shamim Feed Industry Sama Satta Link Road, BAHAWALPUR. to Help us in completing our work..

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Feasibility Report

A-1 Feed Industry

Table of Contents Contents Executive Summary Name & Location of Project Objectives & Key Success Factors Introduction Management Project Scheduling Diagram Technical Analysis Market Analysis Economic Analysis Ratios Assumptions underlying Earning Forecast Projected Financial Statements Break Even Analysis Weighted Average Cost of Capital Internal Financial Rate of Return Auditing Plan Exit Strategy and Risk Assessment

Page# 07 09 12 14 15 17 18 23 30 37 42 43 53 55 56 59 60

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Feasibility Report

A-1 Feed Industry

Executive Summary

Title: “POULTRY FEED INDUSTRY” Project Assignment: Each student of MSc. (Accounting & Finance) 3rd semester required preparing a sold Project Assignment. The Project assignment is given to increase our knowledge about “Project Management”. Objectives: 1. SWTO analysis of Poultry Feed. 2. Identify and list down the all aspects and important points of Feed Industry. 3. What is a Production Process. 4. What is Cost of unit, Means of finance, Estimated income statement, Estimated Balance sheet, etc. Approach to Project: The Team of project will, analyze, summarize, and interpret the data, which are collected different primary and secondary sources. Data Collection: Both primary and secondary means of data will be used to collect the Data. Like Books, Internet, personal visits, teacher guidance etc.

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Feasibility Report

A-1 Feed Industry

Primary Sources: The Team of Project personally visited the FEED INDUSTRY for practical view: Unit selected is; ‘SHAMIM FEED INDUSTRY BAHAWALPUR’ Questionnaire: Project Team has prepared a Questionnaire that contains 100 Questions and exists on 15 pages for Management of ‘SHAMIM FEED INDUSTRY BAHAWALPUR’ . Data Preparation & Analysis: After collection of all the data through both primary & secondary means, team will used MS. Word, MS. Excel, MS. Power point etc. Time Frame: Time period is allowed is one month 15/12/2009 to 18/01/2010. Limitation: Team has visited the various people but the information given by them is just based of approximation.

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Feasibility Report

A-1 Feed Industry

Name of Project ‘A-1 FEED INDUSTRY’

Location of Project Head office:

“P.O. BOX. 1245 Small-Industries Bahawalpur”

Tel:

0622-88473

Fax:

+92-62-88844, 88843

Contact Person:

Hasan Qureshi ( CEO)

E-mail:

jawad_hasan@ yahoo.com Jawad ul Hasan

Branch:

Sama Satta Link Road Bahawalpur.

CITY “ Pakistan- Bahawalpur”

LOCATION “ Small- Industries”

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Feasibility Report

A-1 Feed Industry

PRODUCTS 1-Brailer Feed (for starter & finisher) 2-Layer Feed (for starter & finisher) 3-Breeder

Installed Capacity The capacity of projected plant produces 361200 Bags at 100% Efficiency per Year.

Cost of Project Fixed Cost Initial Working Capital

36136892 +34999705 71136597

Means of Finance Debt

49%

Equity

51%

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Feasibility Report

A-1 Feed Industry

Names of Lender Muslim Commercial Bank Ltd. Bahawalpur.

Names of Sponsors A- Hasan Qureshi B- Jawad ul Hasan C- Rahiqa Fatima

Name of Civil Contaractor “Amin & Co. LDA Plaza, Lahore” .

Name of MachinerySupplier “Uzair & Co. Engineering Limited,Lahore”

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Feasibility Report

A-1 Feed Industry

Implementation Schedule Implementation Schedule Sr.N o. 1

3

Activities Engineering studies and designing of civil works:

Month

Start

January

2010

Complete

February

2010

2010

Construction of Building and Civil works: Start Complete

4

Order for foreign machinery

5

Arrival of foreign machinery at sea port

6

Arrival of foreign machinery a site

7

Order for local machinery

8

Arrival of local machinery at site

Year

2010 February

2010

September

2010

March

2010

September

2010

October

2010

June

2010

September

2010

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Feasibility Report

A-1 Feed Industry

Financial Ratios Current Ratio Current Ratio

2.16

1.87

1.71

Current Ratio

Years

3

2

Series1

1

0.00

0.50

1.00

1.50

2.00

2.50

Times

Gross Profit Ratio GROSS

PROFIT

12.15%

12.99%

11.54%

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Feasibility Report

A-1 Feed Industry Gross Profit Ratio

4 3 Series1

2 1 10.0%

11.0%

12.0%

13.0%

14.0%

Operating Profit Ratio

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Feasibility Report

A-1 Feed Industry

OPERATING PROFIT

9.30%

10.26%

8.83%

Operating Profit Ratio 10.5% 10.0% 9.5% 9.0%

Series1

8.5% 8.0%

S1

1

2 year

3

Net Profit Ratio

6.87%

8.33%

7.39%

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Feasibility Report

A-1 Feed Industry

Net Profit Ratio 8.0% 7.0% 6.0% 5.0% 4.0%

Series1

3.0% 2.0% 1.0% 0.0% 0

1

2

3

4

Internal Rate of Return IRR= 24% Payback Period 2 YEARS. Sponsor’s Stake 51%

Introduction of Company

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Feasibility Report

A-1 Feed Industry

Shamim Group of Industries •

Shamim Feed Industry



Shamim Ghee Mill



Shamim Oil Mill

Shamim Feed Industry 17

Feasibility Report

A-1 Feed Industry

Market Analysis 18

Feasibility Report

A-1 Feed Industry

Brief Description of Market Role of feed and nutrition for livestock production is as essential as management or animal itself but its fiscal contribution surpasses all other aspects. A good nutrition plays a significant role for optimum production and in my opinion, on a scale of 1 to 10, it has rating of 7. Since last two decades science of nutrition, both in humans and animals, has taken centre-stage in the field of research, rather it is considered more important than pathological or medicinal aspects of production and life. To provide feed in Punjab Late Mian Mukhtar (elder brother of Mian Mumtaz) constructed a feed mill, Ani Feed in Gujranwala in 1967. The late Dr. Naseer Butt was the first full time veterinarian nutritionist; Dr. Abdul Ghafoor, Dr. Tariq Anjum and Dr. Zia Qureshi joined Ani Feed as his assistants. In 1968 Aftab Feed was built in Karachi by Mian Aftab; but later on changed its name to Mehran Feeds. Shahzor group (now named as Sabir's) has erected and started Multan Feeds near Multan while Sharif Feed by Sharif's (Shahbaz Sharif family) has also commenced its commercial operation. Hi Tech and SB group are currently in the process to build new feed mills in Sahiwal, both feed mills are planned to manufacture 120 tons pellet feed per hour. Big Feed has also build a new feed mill tower at the old location and currently producing feed from new facility. Some new feed mill plants are under construction in Punjab; Dawood Feed by Pakasia group near Pattoki and Khawaja Feeds in Multan, both of these plants are expected to start production within this year. OK Feed (Van Aarsen Pellet Mill C750) by OK Oil is being also constructed near Pattoki. Dr. Ghulam Nabi of Asia Feeds too is planning to build a new feed mill in Karachi along with Mr. Nabi Bakhsh of Sind Feeds, moreover Dr. Aslam of Islamabad group is planning for a new feed mill in Okara area. Younger brother of Dr. Sadiq, Mian Javed who recently separated from SB Poultry to start his own brand as Jadeed Chicks is also assembling a feed mill near Khanewal. These feed mills are expected to commence their operation in 2010.

Feed Production in Pakistan of Last Five Productions in Pakistan Province Wise (tones) 19

Feasibility Report Province Punjab Sindh NWFP Balochistan Total Pakistan

A-1 Feed Industry Feed capacity 3600 1500 250 120 5470

2003 1100 370 90 66 1625

2004 1251 456 100 84 1891

2005 1420 510 100 97 2127

2006 2180 420 120 97 2817

2007 2250 620 130 100 3100

2008 2600 680 80 50 3410

2009 3000 875 50 50 3975

Present Demand The Demand of feed in last few years is increasing because the agriculture sector is now growing and the demand of feed is also increasing.

Distributuion Channel

Demand Supply Gap The Demand & Supply gap is 4% which is increasing per year.

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Feasibility Report

A-1 Feed Industry

Technical Analysis 21

Feasibility Report

A-1 Feed Industry

The process of feed production is given below

List of Machinery 22

Feasibility Report

A-1 Feed Industry

Hammer Mill

Mixer

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Feasibility Report

A-1 Feed Industry

Elevator

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Feasibility Report

A-1 Feed Industry

Conveyor

25

Feasibility Report

A-1 Feed Industry

Strainer

Pellet Machine

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Feasibility Report

A-1 Feed Industry

Working of Pellet Machine

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Feasibility Report

A-1 Feed Industry

Packing Machine

Boiler

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Feasibility Report

A-1 Feed Industry

Raw Materials Required RAW MATERIAL REQUIREMENT

5-

Poultry Feed (For Bridder&Brialer)/50kg Material Descriptio n Maiz Wheat Rice Sun Fiower cotton seed Meal Soyabeen Seed Cynola seed Na,Ca,Mg Vit,Pro,nd other chemicals Fish,chicken wastage Grains Minerls,Mola sses Packing material (Bags) Total Annual Cost

For one Bag

Annual Bags Produced

13% 14% 14% 5%

50kg

Material in kg for annual Production

1,565,200 1,685,600 1,685,600 602,000

Unit cost 40 23 13 30

Annually Cost each Material Items 62,608,000 38,768,800 21,912,800 18,060,000

2%

240,800

7

5%

602,000

20

12,040,000

5% 6%

602,000 722,400

20 5

12,040,000 3,612,000

602,000

6

5% 11% 8% 12% 1

240,800

1,324,400 963,200 1,444,800 240,800

17 8 13 3

1,685,600

3,612,000 22,514,800 7,705,600 18,782,400 722,400 224,064,400

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Feasibility Report

A-1 Feed Industry

Poultry Feed For Layer

50kg Material Description

Requireme Annual nt of Require Bags Material in d Produce unit for d annual Production

Unit cost

Maiz

13%

782,600

40

Wheat

14%

842,800

23

Rice

14%

842,800

13

5% 2% 5% 5% 6% 5%

301,000 120,400 301,000 301,000 361,200 301,000

30 7 20 20 5 6

Sun Fiower cotton seed Meal Soyabeen Seed Cynola seed Na,Ca,Mg Vit,Pro,nd other chemicals

120,400

Fish,chicken wastage

11%

662,200

17

Grains Minerls,Molasses Packing material (Bags)

8% 12% 1

481,600 722,400 120,400

8 13 3

Total Annual Cost

30

Annually Cost each Material Items

31,304,00 0 19,384,40 0 10,956,40 0 9,030,000 842,800 6,020,000 6,020,000 1,806,000 1,806,000 11,257,40 0 3,852,800 9,391,200 361,200 11203220 0

Feasibility Report

A-1 Feed Industry

Personnel Analysis Brief Description of Personnel The personnel or the human resource depends upon the work and the total employees the personnel of a small feed unit and a big feed industry is different. So, the employees will be efficient and effective so that the feed industry can do better work. Description CEO General Manager Financial Manager Export Manager Sectery Accountant clerks Computer operator Recepnicet Time Keeper Drivers security Guard Gate keeper Office Attendence Mali Sweepers TOTAL Add: Fringe Benefits @ TOTAL ADMIN COST

Number 1 1 1 1 1 1 4 1 1 3 2 3 3 2 1 2 5%

Salary per month Rs, 60,000 40,000 40,000 40,000 15,000 12,000 8,000 8,000 8,000 8,000 7,000 6,000 6,000 6,000 6,000 5,000

Annual cost 720,000 480,000 480,000 480,000 180,000 144,000 384,000 96,000 96,000 288,000 168,000 216,000 216,000 144,000 72,000 120,000 4,284,000 214,200 4,498,200

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Feasibility Report

A-1 Feed Industry

Financial Analysis

Brief Description of Finance

In Financial Analysis we see the sources of finance and calculate the ratios of our project that how much it is profitable for us and also we make financial statements to know that how much it is feasible for us.

Cost of Project The total cost of project is Rs. 69510128

Means of Finance In the sources of finance we take Loan from MCB and the remaining is from the Sponsors.

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Feasibility Report

A-1 Feed Industry

Initial Working Capital Initial Net Working Capital CURRENT ASSETS- A Cash Accounts Receivable Raw materials Finished Goods Inventory Marketables Securities spares & stores

6 months 5% of sales 1 months 3% production

Advances & deposits to supplier of Raw Material Tools Total Current Assests CURRENT LIABILITIES-B Accounts Payable Accrued Expenses Dealers Deposits short -term bank borrowings Total Current Liabilities INITIAL NET WORKING CAPITAL( A-B)

Amount 8,850,292 12,864,278 18,205,233 5,863,441 4,970,857 98,916 1,000,000 100,000 51,953,016

3% 3%

material cost

20%

Inventories

material cost

6,553,884 6,553,884 100,000 3,745,544 16,953,311 34,999,705

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Feasibility Report

A-1 Feed Industry

Cost of Project

A-1 POULTRY FEED COMPANY BAHAWALPUR (in RS.)

PROJECT COST & MEANS OF FINANCE

COST OF THE PROJECT Land & Land Devolpment Building & Civil Works Foreign Machinery

LOCAL FRGN 8,606,250 0 9,236,220 0 0 6,846,000

MCB(FCL)

Marine insurance etc. Customs Duty

12%

Import and Iqra surcharges

1%

Engineering /Technical Fees Erection & Installation Interest during construction Furniture & Fixture Vehicles Pre-production Expenses Contingencies

2% 1%

TOTAL FIXED COST: Initial Net Working Capital TOTAL COST OF THE PROJECT

Imported Machinary Imported Machinary Machinary Machinary

TOTAL 8,606,250 9,236,220 6,846,000

300,770

0

300,770

821,520

0

821,520

68,460

0

68,460

136,920 0 136,920 68,460 0 68,460 5,950,000 0 5,950,000 511,100 0 511,100 1,040,000 0 1,040,000 2,251,192 0 2,251,192 300,000 0 300,000 29,290,89 6,846,00 36,136,89 2 0 2 34,999,705 0 34,999,705 64,290,59 6,846,00 71,136,59 7 0 7

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Feasibility Report

A-1 Feed Industry

Income Statements A-1 POULTRT FEED INDUSTRY . BAHAWALPUR For the year ending Dec. 31, Efficiency Assumed : SALES a ) Bridder Feed b) Bria Feedler c) Layer Feed Total Sales Less: COST OF GOODS SOLD : Raw Materials Labour Manufacturing Expenses Excise Duty \ Sales tax Royalty fee

I 65%

II 70%

III 75%

86,086,738 86,086,738 85,112,074

103,113,878 102,131,841 101,946,435

110,510,856 109,458,372 109,259,665

257,285,551

307,192,154

329,228,894

218,462,790 6,582,600 3,779,755 7,718,567 0

247,031,001 6,780,078 3,953,676 9,215,765 0

264,676,073 6,983,480 4,069,624 9,876,867 0

1,213,744

1,213,744

1,213,744

Cost of Goods Manufactured Add: Opening Inventory Less: Ending Inventory COST OF G00DS SOLD

237,757,456 0 11,726,882 226,030,574

268,194,264 11,726,882 12,628,950 267,292,196

286,819,787 12,628,950 8,198,110 291,250,627

GROSS PROFIT Less : OPERATING EXPENSES

31,254,977

39,899,958

37,978,266

3,287,831 4,050,398 7,338,229

3,717,777 4,651,836 8,369,613

3,983,333 4,930,863 8,914,196

23,916,749

31,530,344

29,064,070

0

0

0

5950000 281,399 956,670 956,670 8,144,739

5,650,055 281,399 1,261,214 1,261,214 8,453,881

4,460,055 281,399 1,162,563 1,162,563 7,066,579

15,772,010

23,076,463

21,997,491

Deprication

3% (Straight line method)

Admin & General Expenses Selling Expenses Total Operating Expenses OPERATING PROFIT Add: OTHER INCOME Less: NON OPERATING EXPENSES

Financial Expenses Amortzn. of Prelim. Exp Workers participation fund workers wekfore fund Total Operating Expenses Profit Transferred to Profit& losss Appropriaion account

4% 4%

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Feasibility Report

A-1 Feed Industry

Balance Sheet A-1 POULTRY FEED INDUSTRY . BAHAWALPUR ESTIMATED BALANCE SHEETS Construction year

I

II

III

ASSETS Fixed Assets Fixed Assets at cost Less: Accumulated Dprcn. Net Fixed Assets Preliminary Expenses: Total Fixed Assets

33,885,70 33,885,70 33,885,70 33,885,700 0 0 0 01,213,7442,427,488 3,641,232 33,885,70 32,671,95 31,458,21 30,244,468 0 6 2

2,251,1921,969,7931,688,394 1,406,995 36,136,8 34,641,7 33,146,6 31,651,46 92 49 06 3

Current Assets

Stores & Spares Advances & Depostis

54,270,4375,133,03 9 1 4,970,857 313,580 75,683 12,864,27 12,864,2713,063,62 8 8 0 11,726,8812,628,95 5,863,441 2 0 18,205,23 13,107,76 9,175,437 3 7 98,916 99,000 20,000 1,000,0001,419,142 30,000

Total Current Assets

51,853,01693,801,088

TOTAL ASSETS

87,989,9 128,442,8 143,273,3 139,742,4 37 27 08 51

Cash Marketable Securities Accounts Receivables Finished Goods Inventory Raw Material Inventory

8,850,292

72,756,82 0 1,866,517 16,461,44 5 8,198,110 6,881,578 958,259 968,259

110,126,72 108,090,988 1

LIABILITIES & EQUITY Long-term Liabilities Muslim Commercial Bank: Outstanding Loan principal

Total Long-term Liab.:

35,000,0035,000,0028,000,00 21,000,00 0 0 0 0 35,000,0 35,000,0 28,000,0 21,000,00 00 00 00 0

Current Liabilities - Accounts Payable - Accrued Expenses - Workers Partcpn. Fund -Workers Welfare Fund Provision for Taxation - Bank Borrowings outstanding loan instalments

10,587,04 3 6,553,8847,718,5679,215,765 9,876,867 0 956,6702,217,884 3,380,447 0 956,6702,217,884 3,380,447 0 1,892,641 4,661,817 7,301,516 17,213,8117,984,79 17,261,68 3,745,544 2 9 8 12,650,05 11,460,05 05,950,000 5 5 6,553,8848,738,5129,881,240

Interest payable Total Current Liabilities: Total Liabilities

16,853,3 43,426,8 58,829,4 63,248,06 11 71 43 2 51,853,3 78,426,8 86,829,4 84,248,06

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Feasibility Report

A-1 Feed Industry 11

71

43

2

EQUITY Equity Balance c/d from Profit & loss appropriation account Total Equity:

36,136,5936,136,5936,136,59 36,136,59 7 7 7 7 13,879,3620,307,28 19,357,79 0 9 7 2 36,136,5 50,015,9 56,443,8 55,494,38 97 66 84 9 87,989,9 128,442,8 143,273,3 139,742,4 37 27 08 51

Total Liab. & Equity:

Cash Flows

A-1 Poultry Feed Industry . BAHAWALPUR ESTIMATED For the year ended,

CASH

Const. Yr.

FLOWS I

II

III

SOURCES Operating Profit

0 23,916,749 31,530,344 29,064,070

Add Back: Depreciation

0

1,213,744

1,213,744

1,213,744

0

281,399

281,399

281,399

Amortization Funds from Operations other income

0 25,411,892 33,025,487 30,559,213 0

0

0

0

Equity

36,136,597

0

0

0

Loan from Mcb

35,000,000

0

0

0

0

0

0

0

Increase in Current Liab.

9,000,000 26,573,560 15,402,572

4,418,619

Increase in Bank Borrowings

3,745,544 13,468,268

- Custom Debentures

TOTAL

SOURCES

770,987

-723,111

83,882,141

65,453,720

49,199,046

34,254,722

33,885,700

0

0

0

2,251,192

281,399

281,399

281,399

Financial Expenses

0

5,950,000

5,650,055

4,460,055

Repayment of :

0

0

0

0

Loan from Mcb

0

0

7,000,000

7,000,000

Workers Partcpn. Fund

0

956,670

1,261,214

1,162,563

-Workers Wel. Fund

0

956,670

1,261,214

1,162,563

APPLICATION OF FUNDS Investment in Fixed Assets: -Preliminary Exp

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Feasibility Report

A-1 Feed Industry

provision for tax

0

1,892,641

2,769,176

2,639,699

profit distributed

0

0

0

0

Increase in current Assets:

43,002,724

TOTAL

79,139,616

Surplus/(Deficit)

5,888,425 10,113,397 19,924,655 15,925,805

28,336,454 36,630,933

4,742,525 49,527,914 20,862,592

Cash Balance - Opening Cash Balance - Ending

0

-2,376,211

4,742,525 54,270,439 75,133,031

4,742,525 54,270,439 75,133,031 72,756,820

SWOT ANALYSIS Strengths: The labor to manufacture feed is easily available we can reach easily to low cost labor. Moreover the location for our project is very attractive. We can avail maximum advantage from this market.

Weaknesses: Our weakness is that we are not producing feed up to the present demand of the consumer. Because we have dependend on govt for wheat & other raw materials like grains and rice and electricity problem is also our weakness.

Opportunities: Pakistan is an agricultureal country, the production of feed is very high.feed is neccessry for the chicks(Brailer & Layer) so, demand of feed is repedly increases.also there is no enough feed mills to fullfill the demand so, there is great opportunity to establish feed mill.

Threats: The market of the flour mills is highly competitive; therefore if the entrepreneur is not well responsive and fulfilling the demand of the consumer he/she may not be able to capitalize the opportunity properly..

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Feasibility Report

A-1 Feed Industry

Conclusion & Recommendations We conclude that on the basis of field work and survey of feed mills that the feed is necessary product so its demand increase day by day. There is no chance to decrease the demand of feed. Pakistan is an agricultural country and it plays a very important role in our economy. Feed contributes 3.2% GDP in our economy. Availability of raw material is very easy. So, conclusion is that the feed mill is a profit motive business because no chance of decrease of demand. Our recommendation to new investors is that they must invest in feed mill because from the last year there is a great change or entrance of new poultry farmers in Pakistan. So, they step forward to come and invest or to start this business, and also contribute in the economic as well as social growth of Pakistan.

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Feasibility Report

A-1 Feed Industry

Special Thanks We bow our head, before ALLAH Almighty, who blessed us with potential and stamina to complete our feasibility report on Feed mill. First of all would like to pay our special regards to Respected “Sir Mr. JAVED IQBAL” who provides us guidance at each and every step, in completion of all this feasibility report. We are especially thankful to those personalities who help us in collecting data during the fieldwork and also in our practical work. In this regard our thanks goes to: Mr:Arsalan Rabbani, Mr: Hunain khan, Mr: Farzan Rafi, Mr: Shakeel Ahmed, Mr: Mohsin shazad, Mr: Adnan Ch., Mr: Farhan Khizer & Mr. Amir Faraz and all of our Class Fellows.

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