Professional Documents
Culture Documents
Biz Plan - Financials
Biz Plan - Financials
Biz Plan - Financials
S/NO.
ITEM
AMOUNT
OWNER'S CONT.
To Be Sourced
TABLE
REMARKS
CAPITAL EXPENDITURE
1 Furniture and Fittings
2 Equipment and Accessories
Total Capital:
595,350.00
267,025.00
862,375.00
330,000.00
220,000.00
550,000.00
0.00
0.00
0.00
364,350.00
267,025.00
631,375.00
Appendix 2
Appendix 3
330,000.00
220,000.00
550,000.00
0.00
0.00
0.00
Appendix 1
Appendix 1
330,642.67
56,983.33
42,000.00
117,666.67
0.00
0.00
0.00
547,292.67
Appendix 4
Appendix 5
Appendix 6
Appendix 7
OFFICE SETUP
RECURRENT EXPENDITURE
1
2
3
4
5
6
7
Production Costs
Bills
Publicity & Adverts
Personnel Salaries & Wages
Maintenance, Repairs & Overhaul
Insurance
Board of Directors' Expenses
Total Recurrent:
3,967,712.00
783,800.00
449,400.00
1,580,098.60
86,237.50
43,118.75
240,000.00
7,150,366.85
Total Investment:
8,562,741.85
0.00
0.00
1,575.00
0.00
0.00
0.00
0.00
1,575.00
Appendix 8
TURNOVER
1 Estimated Sales per Year:
13,169,600.00
Estimated Sales:
Appendix 10
13,169,600.00
ESTIMATED STARTUP COST
1,181,375.00
548,867.67
1,730,242.67
550,000.00
1,575.00
551,575.00
631,375.00
547,292.67
1,178,667.67
31.88%
20.00%
51.88%
68.12%
-20.00%
48.12%
1,730,242.67
1 of 28
2% of sale
2.5% of sale
2.5% of sale
5% of Furniture & Maintenance
5% of Furniture & Maintenance
10% of Furniture & Maintenance
30% on Profit before Tax
2% on Tax
15% of first year projection
10% of first year projection
First 3 months
Debt and Equity contribution
2 of 28
Estimated Sales
Discounts (2% of sales)
Commission to Marketers (2.5% of sales)
VAT (5%)
Openning Stock
Total Cost of Sales
13,169,600.00
263,392.00
329,240.00
658,480.00
3,967,712.00
5,218,824.00
Year 2
Amount
15,803,520.00
316,070.40
395,088.00
790,176.00
4,761,254.40
6,262,588.80
Year 3
Year 4
Year 5
18,964,224.00
379,284.48
474,105.60
948,211.20
5,713,505.28
7,515,106.56
22,757,068.80
455,141.38
568,926.72
1,137,853.44
6,856,206.34
9,018,127.87
27,308,482.56
546,169.65
682,712.06
1,365,424.13
8,227,447.60
10,821,753.45
7,950,776.00
9,540,931.20
11,449,117.44
13,738,940.93
16,486,729.11
EXPENSES
General & Administrative Expenses
1
Salaries (Payroll)
2
Other Payroll expenses
3
Board of Directors' Renemeration
4
Depreciation (5% on Furniture & Equipment)
5
Bills
6
Rent
7
Consumables
8
Adverts & Promotion
9
Insurance
10
Preliminary Expenses
11
Interest
12
Bank Charges - COT, et al
13
Bank Charges (4%)
Maintenance, Repairs & Overhaul (10% on
14
Furniture & Equipment)
15
Other payments (Misc + Transport)
Total Gen & Admin Expenses
1,412,000.00
168,098.60
240,000.00
43,118.75
783,800.00
330,000.00
366,912.00
449,400.00
43,118.75
0.00
78,010.67
69,140.40
47,146.71
1,694,400.00
201,718.32
288,000.00
51,742.50
940,560.00
396,000.00
440,294.40
539,280.00
51,742.50
0.00
0.00
82,968.48
56,576.05
2,033,280.00
242,061.98
345,600.00
62,091.00
1,128,672.00
475,200.00
528,353.28
647,136.00
62,091.00
0.00
0.00
99,562.18
0.00
2,439,936.00
290,474.38
414,720.00
74,509.20
1,354,406.40
570,240.00
634,023.94
776,563.20
74,509.20
0.00
0.00
119,474.61
0.00
2,927,923.20
348,569.26
497,664.00
89,411.04
1,625,287.68
684,288.00
760,828.72
931,875.84
89,411.04
0.00
0.00
143,369.53
0.00
86,237.50
78,347.00
4,195,330.37
103,485.00
124,182.00
149,018.40
178,822.08
4,846,767.25
5,748,229.44
6,897,875.33
8,277,450.39
Total Expenses
4,195,330.37
4,846,767.25
5,748,229.44
6,897,875.33
8,277,450.39
Loan Repayment
1,177,630.80
5,372,961.18
0.00
0.00
2,577,814.82
4,694,163.95
5,700,888.00
6,841,065.60
8,209,278.72
1,718,543.04
859,271.78
257,781.53
17,185.44
274,966.97
3,129,442.32
1,564,721.63
469,416.49
31,294.43
500,710.92
3,800,591.62
1,900,296.38
570,088.91
38,005.93
608,094.84
4,560,709.94
2,280,355.66
684,106.70
45,607.11
729,713.81
5,472,851.93
2,736,426.79
820,928.04
54,728.54
875,656.57
2,302,847.85
0.00
2,302,847.85
4,193,453.03
2,302,847.85
6,496,300.88
5,092,793.16
6,496,300.88
11,589,094.04
6,111,351.79
11,589,094.04
17,700,445.83
7,333,622.15
17,700,445.83
25,034,067.98
NOTES:
Estimated sales increase is projected at 15%/yr from the second year.
Cost of goods sold is projected at 10%/yr from the second year.
Expenses will also increase by 10%
3 of 28
Month 1
Oct.
Month 2
Nov.
Month 3
Dec.
Month 4
Jan
Month 5
Feb
Month 6
Mar
Month 7
Apr
Month 8
May
Month 9
Jun
Month 10
Jul
Month 11
Aug
Month 12
Sep
Yr. 1 Total
INCOME
Cash Sales
Receivables Collected
Owner's Investment
Loan/Investment
Asset Disposals
Other Cash received
Total Cash in
551,575.00
1,178,667.67
1,730,242.67
219,493.33
438,986.67
658,480.00
658,480.00
1,316,960.00
1,975,440.00
438,986.67
877,973.33
1,316,960.00
877,973.33
1,755,946.67
2,633,920.00
219,493.33
438,986.67
658,480.00
658,480.00
1,316,960.00
1,975,440.00
438,986.67
877,973.33
1,316,960.00
877,973.33
1,755,946.67
2,633,920.00
13,169,600.00
551,575.00
1,178,667.67
14,899,842.67
1,730,242.67
219,493.33
438,986.67
658,480.00
658,480.00
1,316,960.00
1,975,440.00
438,986.67
877,973.33
1,316,960.00
877,973.33
1,755,946.67
2,633,920.00
14,899,842.67
50,868.10
4,389.87
5,487.33
5,487.33
66,232.64
101,736.21
8,779.73
10,974.67
10,974.67
132,465.27
152,604.31
13,169.60
16,462.00
16,462.00
198,697.91
203,472.41
13,169.60
16,462.00
16,462.00
249,566.01
254,340.51
26,339.20
32,924.00
32,924.00
346,527.71
305,208.62
39,508.80
49,386.00
49,386.00
443,489.42
356,076.72
8,779.73
10,974.67
10,974.67
386,805.78
406,944.82
17,559.47
21,949.33
21,949.33
468,402.95
457,812.92
26,339.20
32,924.00
32,924.00
550,000.12
508,681.03
17,559.47
21,949.33
21,949.33
570,139.16
559,549.13
35,118.93
43,898.67
43,898.67
682,465.39
610,417.23
52,678.40
65,848.00
65,848.00
794,791.63
3,967,712.00
263,392.00
329,240.00
329,240.00
4,889,584.00
Capital Expenses
Equipment & Accessories
Furniture & Fittings
Land/Buildings
Other
Total Capital Expenses
Operating Expenses
BOD's Expenses
Payroll
Other Payroll Expenses
Rent
Bills
Advert
Maintenance
Insurance
Bank Charges
Consumables
Interests
Misc (Transp, etc)
Total Operating Expenses
Other Cash Payments
Loan Repayments
Mortgage repayments
Dividends paid/Profits shared
Tax paid
Total Other Cash Payments
Total Cash Out
SUMMARY
Balance
Bank Balance
20,000.00
117,666.67
-
319,349.23
319,349.23
1,410,893.44
1,410,893.44
20,000.00
117,666.67
65,316.67
20,000.00
117,666.67
65,316.67
74,900.00
3,457.02
40,768.00
8,970.61
6,528.92
262,707.88
6,914.04
40,768.00
8,013.08
6,528.92
340,107.37
20,000.00
117,666.67
65,316.67
20,000.00
117,666.67
65,316.67
74,900.00
20,000.00
117,666.67
65,316.67
21,559.38
10,371.06
40,768.00
7,045.98
6,528.92
289,256.67
2,304.68
40,768.00
6,069.21
6,528.92
333,554.14
2,304.68
10,857.31
6,528.92
222,674.24
92,936.52
92,936.52
93,865.88
93,865.88
94,804.54
94,804.54
95,752.59
95,752.59
96,710.11
96,710.11
97,677.21
97,677.21
98,653.99
98,653.99
99,640.53
99,640.53
100,636.93
100,636.93
101,643.30
101,643.30
102,659.73
102,659.73
102,649.47
274,966.97
377,616.44
1,177,630.80
274,966.97
1,452,597.77
456,520.42
449,005.40
612,849.75
608,026.47
783,345.20
830,423.29
819,013.91
828,015.76
1,008,376.98
929,751.96
1,121,587.56
1,459,112.64
10,005,378.57
(237,027.09)
1,173,866.35
(10,018.73)
1,163,847.62
45,630.25
1,209,477.87
50,453.53
1,259,931.40
533,614.80
1,793,546.20
1,145,016.71
2,938,562.91
49,957.58
2,608,493.24
308,583.02
2,917,076.26
(51,778.63)
2,865,297.63
634,359.11
3,499,656.73
1,174,807.36
4,674,464.10
4,894,464.10
(380,027.24)
2,558,535.66
20,000.00
117,666.67
65,316.67
1,152.34
11,786.68
6,528.92
297,351.27
65,316.67
74,900.00
20,000.00
117,666.67
65,316.67
20,000.00
117,666.67
65,316.67
74,900.00
21,559.38
3,457.02
9,918.65
6,528.92
319,347.30
220,000.00
43,118.75
56,230.48
20,000.00
117,666.67
65,316.67
20,000.00
117,666.67
65,316.67
74,900.00
4,609.36
40,768.00
5,082.67
6,528.92
259,972.28
20,000.00
117,666.67
65,316.67
74,900.00
21,559.38
6,914.04
40,768.00
4,086.26
6,528.92
357,739.93
4,609.36
40,768.00
3,079.89
6,528.92
257,969.50
9,218.72
40,768.00
2,063.46
6,528.92
336,462.43
21,559.38
13,828.08
40,768.00
1,036.86
6,528.92
286,704.57
240,000.00
1,412,000.00
783,800.00
449,400.00
86,237.50
43,118.75
125,370.88
366,912.00
78,010.67
78,347.00
3,663,196.80
4 of 28
INCOME
Cash Sales
Receivables Collected
Owner's Investment
Loan/Investment
Asset Disposals
Other Cash received
Total Cash in
Month 14
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
Yr. 2 Total
526,784.00
790,176.00
790,176.00
1,580,352.00
2,370,528.00
526,784.00
1,053,568.00
1,580,352.00
1,053,568.00
2,107,136.00
3,160,704.00
263,392.00
526,784.00
790,176.00
790,176.00
1,580,352.00
2,370,528.00
526,784.00
1,053,568.00
1,580,352.00
1,053,568.00
2,107,136.00
263,392.00
526,784.00
790,176.00
790,176.00
1,580,352.00
2,370,528.00
526,784.00
1,053,568.00
1,580,352.00
1,053,568.00
61,041.72
5,267.84
6,584.80
6,584.80
79,479.16
122,083.45
10,535.68
13,169.60
13,169.60
158,958.33
183,125.17
15,803.52
19,754.40
19,754.40
238,437.49
244,166.89
15,803.52
19,754.40
19,754.40
299,479.21
305,208.62
31,607.04
39,508.80
39,508.80
415,833.26
366,250.34
47,410.56
59,263.20
59,263.20
532,187.30
427,292.06
10,535.68
13,169.60
13,169.60
464,166.94
488,333.78
21,071.36
26,339.20
26,339.20
562,083.54
549,375.51
31,607.04
39,508.80
39,508.80
660,000.15
610,417.23
21,071.36
26,339.20
26,339.20
684,166.99
Capital Expenses
Equipment & Accessories
Furniture & Fittings
Land/Buildings
Other
Total Capital Expenses
Operating Expenses
BOD's Expenses
Payroll
Other Payroll Expenses
Rent
Bills
Advert
Maintenance
Insurance
Bank Charges
Consumables
Interests
Misc (Transp, etc)
Total Operating Expenses
Other Cash Payments
Loan Repayments
Mortgage repayments
Dividends paid/Profits shared
Tax paid
Total Other Cash Payments
263,392.00
-
Month 15
141,200.00
78,380.00
89,880.00
51,742.50
1,382.81
362,585.31
141,200.00
78,380.00
2,765.62
222,345.62
141,200.00
78,380.00
89,880.00
25,871.25
4,148.42
339,479.67
141,200.00
78,380.00
4,148.42
48,921.60
272,650.02
141,200.00
78,380.00
89,880.00
8,296.85
48,921.60
366,678.45
141,200.00
78,380.00
25,871.25
12,445.27
48,921.60
306,818.12
442,064.47
381,303.94
577,917.16
572,129.24
782,511.70
839,005.42
SUMMARY
Balance
Bank Balance
(178,672.47)
(178,672.47)
145,480.06
(33,192.41)
212,258.84
179,066.42
218,046.76
397,113.19
797,840.30
1,194,953.48
1,531,522.58
2,726,476.06
141,200.00
78,380.00
89,880.00
2,765.62
48,921.60
361,147.22
825,314.16
(298,530.16)
2,427,945.91
141,200.00
78,380.00
5,531.23
48,921.60
274,032.83
141,200.00
78,380.00
89,880.00
25,871.25
8,296.85
48,921.60
392,549.70
141,200.00
78,380.00
5,531.23
48,921.60
274,032.83
Month 25
15,803,520.00
-
316,070.40
-
3,160,704.00
15,803,520.00
316,070.40
2,107,136.00
3,160,704.00
15,803,520.00
316,070.40
671,458.95
42,142.72
52,678.40
52,678.40
818,958.47
732,500.68
63,214.08
79,017.60
79,017.60
953,749.96
4,761,254.40
316,070.40
395,088.00
395,088.00
5,867,500.80
73,250.07
6,321.41
7,901.76
7,901.76
95,375.00
141,200.00
78,380.00
89,880.00
11,062.46
48,921.60
369,444.06
141,200.00
78,380.00
25,871.25
16,593.70
48,921.60
310,966.55
1,694,400.00
940,560.00
539,280.00
103,485.00
51,742.50
82,968.48
440,294.40
3,852,730.38
500,710.92
500,710.92
500,710.92
500,710.92
169,440.00
94,056.00
107,856.00
62,091.00
1,659.37
435,102.37
836,116.38
1,052,549.85
958,199.82
1,188,402.54
1,765,427.42
10,220,942.10
530,477.37
217,451.62
2,645,397.53
527,802.15
3,173,199.68
95,368.18
3,268,567.86
918,733.46
4,187,301.32
1,395,276.58
5,582,577.90
5,582,577.90
(214,406.97)
(214,406.97)
5 of 28
INCOME
Cash Sales
Receivables Collected
Owner's Investment
Loan/Investment
Asset Disposals
Other Cash received
Total Cash in
Month 27
Month 28
Month 29
Month 30
Month 31
Month 32
Month 33
Month 34
Month 35
Month 36
Yr. 3 Total
632,140.80
948,211.20
948,211.20
1,896,422.40
2,844,633.60
632,140.80
1,264,281.60
1,896,422.40
1,264,281.60
2,528,563.20
3,792,844.80
18,964,224.00
18,964,224.00
632,140.80
948,211.20
948,211.20
1,896,422.40
2,844,633.60
632,140.80
1,264,281.60
1,896,422.40
1,264,281.60
2,528,563.20
3,792,844.80
18,964,224.00
146,500.14
12,642.82
15,803.52
15,803.52
190,749.99
219,750.20
18,964.22
23,705.28
23,705.28
286,124.99
293,000.27
18,964.22
23,705.28
23,705.28
359,375.05
366,250.34
37,928.45
47,410.56
47,410.56
498,999.91
439,500.41
56,892.67
71,115.84
71,115.84
638,624.76
512,750.47
12,642.82
15,803.52
15,803.52
557,000.33
586,000.54
25,285.63
31,607.04
31,607.04
674,500.25
659,250.61
37,928.45
47,410.56
47,410.56
792,000.18
732,500.68
25,285.63
31,607.04
31,607.04
821,000.39
805,750.74
50,571.26
63,214.08
63,214.08
982,750.17
879,000.81
75,856.90
94,821.12
94,821.12
1,144,499.95
5,713,505.28
379,284.48
474,105.60
474,105.60
7,041,000.96
Capital Expenses
Equipment & Accessories
Furniture & Fittings
Land/Buildings
Other
Total Capital Expenses
Operating Expenses
BOD's Expenses
Payroll
Other Payroll Expenses
Rent
Bills
Advert
Maintenance
Insurance
Bank Charges
Consumables
Interests
Misc (Transp, etc)
Total Operating Expenses
Other Cash Payments
Loan Repayments
Mortgage repayments
Dividends paid/Profits shared
Tax paid
Total Other Cash Payments
632,140.80
948,211.20
948,211.20
1,896,422.40
2,844,633.60
632,140.80
1,264,281.60
1,896,422.40
1,264,281.60
2,528,563.20
3,792,844.80
169,440.00
94,056.00
3,318.74
266,814.74
169,440.00
94,056.00
107,856.00
31,045.50
4,978.11
407,375.61
169,440.00
94,056.00
169,440.00
94,056.00
107,856.00
4,978.11
58,705.92
327,180.03
9,956.22
58,705.92
440,014.14
169,440.00
94,056.00
31,045.50
14,934.33
58,705.92
368,181.75
169,440.00
94,056.00
107,856.00
169,440.00
94,056.00
3,318.74
58,705.92
433,376.66
6,637.48
58,705.92
328,839.40
169,440.00
94,056.00
107,856.00
31,045.50
9,956.22
58,705.92
471,059.64
169,440.00
94,056.00
169,440.00
94,056.00
107,856.00
6,637.48
58,705.92
328,839.40
13,274.96
58,705.92
443,332.88
169,440.00
94,056.00
31,045.50
19,912.44
58,705.92
373,159.86
2,033,280.00
1,128,672.00
647,136.00
124,182.00
62,091.00
99,562.18
528,353.28
4,623,276.46
608,094.84
608,094.84
608,094.84
608,094.84
457,564.73
693,500.60
686,555.08
939,014.04
1,006,806.50
990,376.99
1,003,339.65
1,263,059.81
1,149,839.79
1,426,083.05
2,125,754.65
12,272,372.26
SUMMARY
Balance
Bank Balance
174,576.07
(39,830.90)
254,710.60
214,879.71
261,656.12
476,535.82
957,408.36
1,433,944.18
1,837,827.10
3,271,771.28
(358,236.19)
2,913,535.09
260,941.95
3,174,477.04
633,362.59
3,807,839.62
114,441.81
3,922,281.43
1,102,480.15
5,024,761.59
1,667,090.15
6,691,851.74
6,691,851.74
6 of 28
DEPRECIATION
NBV
Intangible Assets
Goodwill
Patent Rights
Tangible Assets
Fixed Assets
Land and Building
Equipment & Accessories
Furniture & Fittings
Motor Vehicle
234,500.00
595,350.00
-
Investment
234,500.00
595,350.00
829,850.00
Current Assets
Debtors
Stock
Cash at Bank
Cash in Hand
3,967,712.00
1,750,000.00
5,717,712.00
Current Liabilities
Creditors
Taxation
Wages Due
Salaries Due
Commissions Due
Overdraft
274,966.97
(274,966.97)
Working Capital
5,442,745.03
6,272,595.03
-
Financed By
Authorised Share Capital
Issued and Fully Paid up
Director's Current Account
Bank Loan
Private Loan
Hire Purchase
Mortgage
Profit and Loss
100,000.00
100,000.00
2,691,079.51
1,178,667.67
2,302,847.85
6,272,595.03
7 of 28
ITEM
Return on Equity
Return on Investment
Operating Ratio
RATIO
467%
60%
195%
41%
180%
Base + 10%
Base + 20%
Base - 10%
Base - 20%
(1,730,242.67)
(1,730,242.67)
(1,730,242.67)
(1,730,242.67)
(1,730,242.67)
2,302,847.85
2,533,132.64
2,763,417.42
2,072,563.07
1,842,278.28
4,193,453.03
4,612,798.33
5,032,143.64
3,774,107.73
3,354,762.42
5,092,793.16
5,602,072.47
6,111,351.79
4,583,513.84
4,074,234.53
6,111,351.79
6,722,486.97
7,333,622.15
5,500,216.61
4,889,081.43
7,333,622.15
8,066,984.36
8,800,346.58
6,600,259.93
5,866,897.72
180%
133.09
195%
146.40
210%
159.71
165%
119.78
149%
106.48
9 of 28
Enter values
1,178,667.67
12.00 %
1
12
10/1/2011
Scheduled payment
Scheduled number of payments
Actual number of payments
Total early payments
Total interest
Loan summary
104,723.19
12
12
78,010.67
Lender name:
Pmt.
No.
1
2
3
4
5
6
7
8
9
10
11
12
Payment Date
11/1/2011
12/1/2011
1/1/2012
2/1/2012
3/1/2012
4/1/2012
5/1/2012
6/1/2012
7/1/2012
8/1/2012
9/1/2012
10/1/2012
Beginning Balance
1,178,667.67
1,085,731.15
991,865.27
897,060.72
801,308.14
704,598.02
606,920.81
508,266.82
408,626.30
307,989.37
206,346.06
103,686.33
Scheduled Payment
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
Extra Payment
-
Total Payment
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
104,723.19
103,686.33
Principal
92,936.52
93,865.88
94,804.54
95,752.59
96,710.11
97,677.21
98,653.99
99,640.53
100,636.93
101,643.30
102,659.73
102,649.47
Interest
11,786.68
10,857.31
9,918.65
8,970.61
8,013.08
7,045.98
6,069.21
5,082.67
4,086.26
3,079.89
2,063.46
1,036.86
Ending Balance
1,085,731.15
991,865.27
897,060.72
801,308.14
704,598.02
606,920.81
508,266.82
408,626.30
307,989.37
206,346.06
103,686.33
-
Cumulative Interest
11,786.68
22,643.99
32,562.64
41,533.25
49,546.33
56,592.31
62,661.52
67,744.19
71,830.45
74,910.34
76,973.80
78,010.67
Item
Qty
PRELIMINARY EXPENSES
Company Registration
Professional Fees - Concept Study, Biz Plan, &
Marketing Plan
Rate
Amount (N)
70,000.00
70,000.00
150,000.00
150,000.00
220,000.00
0.00
220,000.00
To Be Sourced
Owners' Contribution
70,000.00
0.00
0.00
0.00
150,000.00
220,000.00
0.00
220,000.00
Rent
Rent of Shop
Agency Fee (5%)
Legal Fees (5%)
Grand Total:
300,000.00
300,000.00
15,000.00
15,000.00
330,000.00
0.00
0.00
300,000.00
15,000.00
15,000.00
330,000.00
330,000.00
0.00
330,000.00
550,000.00
0.00
550,000.00
11 of 28
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Item
Qty
Grand Total:
1
1
2
1
1
2
1
1
2
1
4
4
3
4
1
1
2
1
1
Rate
25,000.00
100,000.00
90,000.00
20,000.00
10,000.00
3,500.00
4,000.00
1,500.00
1,500.00
10,000.00
3,000.00
1,500.00
1,500.00
3,500.00
50,000.00
5,000.00
25,000.00
50,000.00
15,000.00
Amount (N)
25,000.00
100,000.00
180,000.00
20,000.00
10,000.00
7,000.00
4,000.00
1,500.00
3,000.00
10,000.00
12,000.00
6,000.00
4,500.00
14,000.00
50,000.00
5,000.00
50,000.00
50,000.00
15,000.00
567,000.00
28,350.00
595,350.00
To Be Sourced
0.00
100,000.00
0.00
20,000.00
10,000.00
7,000.00
4,000.00
1,500.00
3,000.00
10,000.00
12,000.00
6,000.00
4,500.00
14,000.00
50,000.00
5,000.00
50,000.00
50,000.00
0.00
347,000.00
17,350.00
364,350.00
Owner's Contribution
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
595,350.00
12 of 28
ITEM
Butterfly Machine
Industrial Weaving Machine
Button Hole Machine
Embroidery Machine
QTY
Equipment
4
1
1
1
RATE
OWNERS'
CONTRIBUTION
72,000.00
55,000.00
26,000.00
55,000.00
208,000.00
31,200.00
239,200.00
72,000.00
55,000.00
26,000.00
55,000.00
208,000.00
31,200.00
239,200.00
0.00
0.00
0.00
500.00
100.00
150.00
1,000.00
500.00
350.00
2,000.00
100.00
150.00
1,000.00
500.00
22,750.00
26,500.00
1,325.00
27,825.00
2,000.00
100.00
150.00
1,000.00
500.00
22,750.00
26,500.00
1,325.00
27,825.00
0.00
0.00
0.00
267,025.00
267,025.00
0.00
Scissors
Tape
Tailor's Chalk
Sand papers
Needles
Hanger
To Be Sourced
18,000.00
55,000.00
26,000.00
55,000.00
B.
1
2
3
4
5
6
TOTAL COST
Accessories
4
1
1
1
1
65
Misc
13 of 28
A
1
2
3
B
1
2
3
4
5
6
Items
Qty
Stock/COGS
MATERIALS
Grade 1 Material (High Quality yards)
Grade 2 Material (Medium Quality yards)
Grade 3 Material (Low Quality yards)
Grade 1 Beads
Grade 2 Beads
Grade 3 Beads
Jewelrries (GL or CC)
Earings & Bangles
Pendants & Earings
Grade 1 hats
Grade 2 hats
346
806
1152
52
104
260
416
208
104
52
208
Unit
Price/yard
1,333.33
583.33
250.00
10,000.00
8,000.00
600.00
300.00
300.00
600.00
6,000.00
1,500.00
Yearly Total
460,800.00
470,400.00
288,000.00
520,000.00
832,000.00
156,000.00
124,800.00
62,400.00
62,400.00
312,000.00
312,000.00
3,600,800.00
To Be Sourced
38,400.00
39,200.00
24,000.00
43,333.33
69,333.33
13,000.00
10,400.00
5,200.00
5,200.00
26,000.00
26,000.00
300,066.67
Owners' Contribution
CONSUMABLES
Lining
Zips
Stay
Thread
Buttons
Beads
1536
768
384
1536
3840
3840
80.00
50.00
50.00
10.00
10.00
30.00
Misc - Transport
Grand Total:
122,880.00
38,400.00
19,200.00
15,360.00
38,400.00
115,200.00
349,440.00
17,472.00
366,912.00
10,240.00
3,200.00
1,600.00
1,280.00
3,200.00
9,600.00
29,120.00
1,456.00
30,576.00
0.00
0.00
3,967,712.00
330,642.67
0.00
4
4
16
64
768
2304
14 of 28
Appendix 5: Bills
S/No
1
2
3
4
6
7
8
9
10
11
12
13
14
Item
Phone Bills
GSM Bills
NEPA Bills
Internet Subscription
Fuel for Generator
AMAC Dues
DSTV
Transport expenses
Refreshments
Newspapers/Magazine
Registration with Associations
Contigencies (Imprest)
Audit expenses
Qty
0
1
1
0
1
1
1
1
1
8
1
1
1
Rate
10,000.00
6,000.00
5,000.00
8,000.00
19,500.00
30,000.00
2,800.00
5,000.00
2,500.00
200.00
25,000.00
10,000.00
100,000.00
Monthly
0.00
6,000.00
5,000.00
0.00
19,500.00
Qrtly
10,000.00
0.00
18,000.00
15,000.00
0.00
58,500.00
0.00
8,400.00
15,000.00
7,500.00
4,800.00
0.00
30,000.00
52,400.00
157,200.00
2,800.00
5,000.00
2,500.00
1,600.00
Yearly
0.00
72,000.00
60,000.00
0.00
234,000.00
30,000.00
33,600.00
60,000.00
30,000.00
19,200.00
25,000.00
120,000.00
100,000.00
783,800.00
To Be Sourced
Owners' Contribution
0.00
6,000.00
5,000.00
0.00
19,500.00
2,500.00
2,800.00
5,000.00
2,500.00
1,600.00
2,083.33
10,000.00
56,983.33
15 of 28
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Item
Slots
1
1
2
0
0
0
2
1
0
1
0
0
0
6000
12
Rate
30,000.00
50,000.00
10,000.00
50,000.00
26,000.00
50,000.00
30,000.00
20,000.00
250,000.00
50,000.00
5,000.00
30,000.00
750,000.00
3.00
15,000.00
Total
To Be Sourced
Owners' Contrib.
30,000.00
50,000.00
20,000.00
0.00
0.00
0.00
60,000.00
20,000.00
0.00
50,000.00
0.00
0.00
0.00
18,000.00
180,000.00
428,000.00
15,000.00
0.00
0.00
0.00
0.00
15,000.00
40,000.00
21,400.00
2,000.00
75.00
449,400.00
42,000.00
1,575.00
10,000.00
0.00
0.00
0.00
1,500.00
1,500.00
16 of 28
NAME
No.
COMM.
Salaries
1
2
3
4
CEO
Tailors
Cashier
Office Assistants
1
4
1
1
10,666.67
RATE
BASIC
5000
30,000.00
7,500.00
10,000.00
5,000.00
7
Other Payroll Expenses
2
End of year Bonus
3
Incentives
NOTE:
MTHLY
QTRLY
30,000.00
72,666.67
10,000.00
5,000.00
117,666.67
YRLY
To Be Sourced
90,000.00
218,000.00
30,000.00
15,000.00
353,000.00
360,000.00
872,000.00
120,000.00
60,000.00
1,412,000.00
30,000.00
72,666.67
10,000.00
5,000.00
117,666.67
0.00
0.00
84,049.30
84,049.30
168,098.60
0.00
117,666.67
353,000.00
1,580,098.60
117,666.67
84,049.30
84,049.30
Owners' Contrib.
0.00
Not all positions are represented here in terms of costing as this is for the purpose of start up
17 of 28
B
1
2
3
4
DETAILS
QTY
FREQ.
MEETINGS
Hotel
Feeding/Refreshment
Movement within Town
Travel Expenses
Sitting Allowances
Secretariat
Total Meetings
0
0
0
0
0
0
3
3
3
3
3
3
AGM
Hall Rental
Feeding
Secretariat
Sitting Allowances
COST
30,000.00
5,000.00
5,000.00
15,000.00
50,000.00
40,000.00
0
0
0
0
1
1
1
1
30,000.00
5,000.00
100,000.00
50,000.00
12
10,000.00
Total AGM
C
1
DIRECTOR'S EXPENSES
Renumeration
Total Renumeration
Grand Total
AMOUNT
To Be Sourced
OWNERS' CONTRIB
240,000.00
240,000.00
240,000.00
Note: Profit sharing (dividends) to be determined by the Shareholders, as proposed by the BOD at the AGM.
18 of 28
DESCRIPTION
Grade 1 Dresses
Grade 2 Dresses
Grade 3 Dresses
Grade 1 Beads
Grade 2 Beads
Grade 3 Beads
Jewelrries (GL or CC)
Earings & Bangles
Pendants & Earings
Grade 1 hats
Grade 2 hats
Walk-in Seamstress Services
Custuming Services - Sale
Custuming Services - Rental
TARGET /
MTH
115
269
384
52
104
260
416
208
104
52
208
240
24
84
RATE
16,000.00
7,000.00
3,000.00
25,000.00
15,000.00
2,000.00
500.00
600.00
2,000.00
15,000.00
4,000.00
4,000.00
40,000.00
10,000.00
TOTAL/YR
REMARKS
1,843,200.00
1,881,600.00
1,152,000.00
1,300,000.00
1,560,000.00
520,000.00
208,000.00
124,800.00
208,000.00
780,000.00
832,000.00
960,000.00
960,000.00
840,000.00
13,169,600.00
19 of 28
2011
2012
2013
Sales
Gross Margin
13,169,600.00
7,950,776.00
15,803,520.00
9,540,931.20
18,964,224.00 11,449,117.44
Net Profit
2,577,814.82
4,694,163.95
5,700,888.00
20,000,000.00
18,000,000.00
16,000,000.00
14,000,000.00
12,000,000.00
Sales
10,000,000.00
Gross Margin
8,000,000.00
Net Profit
6,000,000.00
4,000,000.00
2,000,000.00
0.00
2011
2012
2013
Total Funding
1,730,242.67
548,867.67
Loans
1,178,667.67
547,292.67
Investment
551,575.00
1,575.00
2,000,000.00
1,800,000.00
1,600,000.00
1,400,000.00
1,200,000.00
Total Funding
1,000,000.00
800,000.00
Loans
600,000.00
Investment
400,000.00
200,000.00
0.00
Office Setup & Capital
Expenses
Month 1
Month 2
Month 3
Month 4
Month 5
219,493.33
438,986.67
658,480.00
658,480.00
1,316,960.00
3,000,000.00
2,500,000.00
2,000,000.00
1,500,000.00
1,000,000.00
500,000.00
Month 1
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
1,975,440.00
438,986.67
877,973.33
1,316,960.00
877,973.33
1,755,946.67
Month 12
Month 11
Month 10
Month 9
Month 8
Month 7
Month 6
Month 5
Month 1
Month 2
Month 3
Month 4
Series1
Month 12
2,633,920.00
Month 3
658,480.00
319,347.30
94,804.54
45,630.25
Month 4
658,480.00
262,707.88
95,752.59
50,453.53
Month 5
1,316,960.00
340,107.37
96,710.11
533,614.80
3,000,000.00
2,500,000.00
2,000,000.00
1,500,000.00
1,000,000.00
500,000.00
Month 9
Month 8
Month 7
Month 6
Month 10
(1,000,000.00)
Month 5
(500,000.00)
Month 4
Month 3
Month 2
438,986.67
222,674.24
93,865.88
(10,018.73)
Month 2
Month 1
219,493.33
297,351.27
92,936.52
(237,027.09)
Month 1
Inflows
Operating Costs
Other Payments
Net Cash Flow
Month 6
1,975,440.00
289,256.67
97,677.21
1,145,016.71
Month 7
438,986.67
333,554.14
98,653.99
(380,027.24)
Inflows
Operating Costs
Other Payments
Month 12
Month 11
Month 10
Month 8
877,973.33
259,972.28
99,640.53
49,957.58
Month 9
1,316,960.00
357,739.93
100,636.93
308,583.02
Month 10
877,973.33
257,969.50
101,643.30
(51,778.63)
Month 11
1,755,946.67
336,462.43
102,659.73
634,359.11
Month 12
2,633,920.00
286,704.57
377,616.44
1,174,807.36
ITEM
Business Plan
Branding
Credit Established
Advert & Publicity
Funding
Procurements
Setting Up
Sealing Deals