Our start-up costs will be 1,500,000.00. Most of this expense will be for the purchase of the farm and some equipment. 1,200,000.00 will be used for building and land redevelopment.125, 000 will be used for additional equipment and the balance will be used for running costs. The start-up costs will be financed by investors with our partners at AMF Ltd, small owner investment of initial inventory and equipment. Our ultimate sales goal is approximately $100,000 per month. This project is tax free for 10 year. We expect to achieve these sales as soon as we hit the sand. Our goals for the first few months of 2010 will be minimal. Our breeding stock reaches maximum maturity every 6 weeks. We expect a high degree of profitability from this venture due to high margins and inventory turnover is inherent to the industry.
Objectives
The Prawn farm has identified several objectives for the business:
1. Become a leading supplier of fry and tiger prawns processed and unprocessed domestically.
2. Reach the point of sustainable profitability within a short period.
3. Expand consumer market with new product lines .
This will be accomplished by providing quality and top notch care of the guidelines we will implement in farming, while exceeding customer's expectations.
Keys to Success Wealthline consortium will adhere to three keys that will be instrumental in its success:
1. Strict financial control but never the lack to have the best of its culture.
2. The never ending pursuit of the highest concentration of breed as we have our own hatcheries.
3. Ensuring that all customers’ needs are met and they are satisfied with the purchased Products with marketing domestically and knowing what the customer needs and wants.
Keys to Success Market & Trade & Prevention
I. Products Frozen head-on, head-off, and peeled shrimp used to be the major products for export to the main markets, which are USA, EU and Japan. Later, value-added products, such as microwavable or ready-to-cook tempura, sushi, shaomei, hargao, straightened, skewered, battered and breaded, spring roll and balls mainly processed in Thailand, have become increasingly popular. This has been because tight economic conditions in many developed countries limit frequent dinner in restaurants, and the time for cooking at home is scarce.
Chilled product, which is sold in domestic markets, is generally non-exportable grade and shares less than 10 percent of all markets. Live product, which is mainly for domestic Chinese restaurants with some exports to Hong Kong and China, also shares less than 2 percent.
II. Prices and market statistics In financial value, Penaeus monodon is the most important traded aquaculture commodity in Asia. C&F prices in Japan, whose market mainly requires large headless (16/20 size) shrimp from extensive and semi-intensive farms in Indonesia, India and Vietnam, varied from US$ 9-14/kg during 2001-2004. The US market purchased mainly small headless (21/25 size) shrimp (both peeled and shell-on) from intensive farms in Thailand and India at C&F prices ranging from US$ 7-13/kg during the same period. The EU market, which mainly requires small head-on shrimp (31/40 size) from South East Asian intensive farms, paid C&F prices between US$ 4.7 and 9.0/kg during 2001-2004. This was at that time todays values stand at 30% more. Keeping prices as low as possible and also usinf the fry sales to boost income availble in our farm.
III.Market regulations Sanitary standards, standards for the uses of drugs and chemicals, and common food safety regulations for seafood (particularly shrimp) are already high in all major import countries. However, the EU market has more strict regulations (zero tolerance) on residues of chemicals and antibiotics, as well as the trade privilege or Generalized System of Preference (GSP) on import tax and HACCP. The US market enforces more strictly on a sanitary standard such as HACCP or Sensory Assessment. There are also additional regulations in the US regarding anti-dumping of imported shrimp, and the application of Turtle Excluder Devices (TEDs) on wild shrimp fishing fleets in exporting countries. Using Zero tolarance of medicating and using the best preventions to our live stock we would like to use the same standards domestically .
I.Research The following are urgent issues for study: •Domestication technology, which also leads to the efficient development of disease-free broodstock similar to those for Litopenaeus vannamei, is a major topic for on-going and future research in various institutions, including private sector organizations all over the world. •Vaccination and effective treatment of shrimp viruses with natural deterents. •Replacement of non-environmental friendly and costly fishmeal and Artemia in shrimp feed using talapia ground with other meals to produce our inhouse meals. •Efficient water treatment system for closed systems. We do not have a closed system but one that feeds of a source of a water fall (spring water)
II.Development Expansion in aquaculture production of Penaeus monodon has not been as great as was originally expected, due to a number of causes, including major problems with viral disease outbreaks, shortages of brood stock, market competition and trade barriers. In addition, many farmers that originally reared Penaeus monodon have replaced this species with Litopenaeus vannamei, for which culture and domestication technologies are much simpler. L. vannamei disease problems are less severe and we can alternate cultivation, particularly for culture in inland freshwater ponds. Due to its lower price, this new species can be increasingly sold in domestic markets, which ensures stable incomes for farms instead of only relying on the unstable export price. Shrimp farming will be more sustainable if we shift production to other species when the existing cultured species faces problems. Decreasing P. monodon production can also improve the status of its brood stock in the wild in the future because less will be caught and less disease from grow-out ponds will be introduced into the sea. Due to this alternative species, the growth of P. monodon production is predicted to slow in the immediate future. Later, it may increase again if the research needs outlined above are addressed, thus improving the sustainability of production and reducing operational costs.
2.0 Company Summary Wealthline Consortium Sdn Bhd was originally started in september 2006 as a holding company to many of the ventures we were doing. It was going to be a company with a list of companies underneath it as our business were growing. The company has been dormant up till now as most of the other companies were sold or closed and now it will come to our usage as our flagship in the food industry, where the prawn farm will be the stepping stone and a pillar of our business.
2.1 Company Ownership The company is owned by Several individuals as is doing a joint venture agreement the company then will be shared to the accompanying partners accordingly, The transparency and auditing of Books and assets will be done with outmost respect of the partners involved and to ensure the most profit is attained with the management of these investment into our company.
2.2 Company History Past performance is not applicable as the Farm was setup by a prawn enthusiast and he never had a chance to run it as a farm before migrating and hence it was all completed when he was already gone.
We are still updating the site with more information and pictures of the farm and its progress
We invite you to contact us with any questions or to meet with us in person. Thank you for your interest in Wealth Line Consortium Sdn Bhd
info@wealthlineconsortium.com
