Analytical Justification of Investment Project 'Fish-breeding Sturgeon Complex'

摘要

The article is devoted to the analytical justification of the investment project "Fish-Breeding sturgeon complex". The project deals with the development of some caviar products, including Sterlet, Russian sturgeon, and Bester black caviar as well as some commercial fish products such as frozen, chilled, cold and hot smoked and dried fish. The concept of business implies cluster technology i.e. a closed cycle of different industries aimed at one ultimate goal achievement on the base of vertical integration. Assessment of the investment project efficiency was carried out using the main indicators: NPV, IRR, PBP, as well as the project cumulative investment. To assess potential risk danger, it was applied the sensitivity analysis of these indicators related to the necessary parameters. It has been developed the financial model of the investment project and proved this project attractiveness. The main indicators of the investment project effectiveness include payback period and the ratio of the budget revenues to the amount of payments from the budget.