Financial Evaluation On Plant Oil And Logistics Warehousing Facilities Project Of Qingdao Bohai Company

Our country is the largest vegetable oil consuming country in the world, is also the biggest vegetable oil producing country. Vegetable oil is one of the most basic means of subsistence, an important basic raw material for the food industry, culinary industry, production and supply situation reflects a national or regional people’s living standards and economic development level. With the development of our national economy, vegetable oil consumption demand increased the supply gap will further expand, the future domestic huge gap between supply and demand will exist for a long time. The plant oil and Logistics warehousing facilities Project of Bohai Company is beneficial to realize the resources in the supply and demand market optimize configuration, stability of national grain safety.Project financial evaluation is the first part of the economic evaluation of the project, is from an enterprise perspective, in accordance with the country’s existing tax system and price system at all stages of the project costs and benefits of investments, operation and recovery. Project financial evaluation by calculating the direct financial benefits and costs of the project to examine the project’s profitability, solvency, financial condition, and eventually came to the financial viability of the project conclusion.This paper uses a mature approach to conduct a financial evaluation study on this project. By virtue of the prevailing financial assessment framework systems, based on project information and project financial statements, estimate the calculation cycle of the project costs and profits of the level. And analysis the project’s profitability, solvency and risk assessment based on project cash flow statement and income statement.Firstly, this paper reviews the development course of the theory and methods for project financial evaluation, expounds the basic theories and methods of the project financial evaluation. Then, introduces the background and product, production processes, and elaborates the necessity of the construction of the project. According to State administration of grain-related data analysis on market demand of the industy characteristics, forecasts its market prospects. On this basis, in order to provide fully preparation, this paper estimates the data for the financial evaluation of the project needed, main including construction assets investment estimates, liquidity estimates, total investment estimates, cost estimates, and business income and taxes estimates; draw up the relevant reports that the financial evaluation of this project needed, including profit and loss table, cash flow statement, capital cash flow statement, and balance sheet, etc. lay a solid foundation for the next step of the financial evaluation.Secondly, under the existing project financial evaluation theory and index system, combining analysis of static and dynamic analysis, and a dynamic analysis based methods, this paper selected a number of indicators that can reflect the profitability and solvency of this project and finally through and finally through the analysis of these indicators to assess the profitability of the project as well as the debt-servicing capacity. Studies have shown that the project has the strong profitability and secure the solvency, runs good economic benefits, financially is reasonable and practicable.Finally, this paper studies the uncertainty analysis of the project, mainly using a project break-even analysis and sensitivity analysis. Studies have shown that the project has a whole less risk, risk-resistant ability. The project on sales prices and prices of raw materials are the most sensitive.In this paper, the theoretical analysis and actual visits combination of research methods, technical means of a combination of qualitative and quantitative analysis, using dynamic and static financial indicators evaluation system give this project decision-making analysis the most direct financial valuation basis, and provide useful experience learn for such projects in the future.