PRELIMINARY PROJECT REPORT (PROFORMA)

1.0 GENERAL INFORMATION:

Name: ADENIJI COMFORT BOLUWATIFE
Sex: FEMALE
Age: 24 YEARS
Matric No: P/ND/21/3660313
Project: UNIQUE PITO DRINK
Type of Business: Sole Proprietary/ Partnership: PARTNERSHIP
Name of Business: UNIQUE PITO DRINK LIMITED
Address: HERBERT MACAULAY ROAD, WAEC BUS-STOP, YABATECH, LAGOS, NIGERIA
School/Dept: SCHOOL OF MANAGEMENT AND BUSINESS STTUDIES PUBLIC ADMINISTRATION

1.1 Education Qualification:

S/N Institution Address Degree/Diploma Year of
Graduation
1 YabaTech Macaulay Road, Waec Bus-Stop, National Diploma In View
Yabatech, Lagos State.
2 Divine Light 24, Abeokuta Street, Agbado, SSCE 2015
School Ogun State.
3 Surpassing 10, Oremeji Street, Ope-ilu, Primary School 2009
Glory Success Agbado, Ogun State. Certificate
College

1.2 Special Training:

S/N Organization Address Duration Achievement
1 Beaulah Creative 24 Abule Oko, Olaogun, Ijoko, 2 years Skills/Knowledge
World Ogun State.
2 Temwin Catering 205 Gasline, Adiyan road, Ogun 1½ Skills/Knowledge
Institute State. Years

1.3 Work Experience (Past and Present)

S/N Organization Position Work Performed Duration

1 Benzertop Pinnacle School Staff Teaching 2 ½ years
2.0 Details of Proposal Project Manufacturing/Servicing
2.1 Production Programme:
S/N Item Total Quantity/Year Unit Cost Sales Revenue
(Qty x Unit Price)
1 Pito Drink 5,000 200 5000 x 250 = 1,250,000

2.2 Machineries/Equipments:
S/N Description Number Price Per Total Names and Addresses of
Required Unit Value Suppliers
1 Cooking Gas 5 500 2500 Beloved Company
2 Bottles 100 90 9000 Beloved Company
3 Label Printing 100 80 8000 Beloved Company
4 Pots 2 500 1000 Gladys Company
5 Grinding 2 100,000 200,000 Gladys Company
6 Turning Stick 2 200 400 Gladys Company
7 White Linen 2 100 200 Gladys Company
8 Funnel 10 100 1000 Gladys Company
Total 222,100

2.3 Raw Materials:

S/N Items Annual Qty Unit Total Sources of

Required Price Price Supply
1 Sorghum (Grains) 5 Bags 10,000 50,000 Gladys Company
2 Sugar 3 Bags 10,000 30,000 Gladys Company
3 Lemon Grass 30Shave 500 15,000 Gladys Company
4 Grapes 30 pcs 500 15,000 Gladys Company
5 Pineapple 30pcs 400 12,000 Kenny Company
6 Line Orange 30pcs 300 9,000 Kenny Company

Total 131,000
2.4 Utilities
S/N Particulars Annual Unit Total Sources of
Required Price Price Supply
1 Electricity Nurmal Votage 5,000 50,000 PHCN
2 Water Clean Water 5000 50,000 Purified Water
3 Diesel/Petrol 100 Lires 4000 16,000 Refined

Total 116,000

2.5 Manpower (Labour)

S/N Particulars Annual Unit Total Sources of
 Required Price Price Supply
1 Owner/Manager 1 50,000 50,000 Qualified
2 Skilled Worker 10 20,000 200,000 Experience
3 Unskilled Worker 5 10,000 50,000 Reliable

Total 300,000

3.0 MARKET STUDY: INCLUDE DETAILS IN APPENDIX

4.0 COST OF THE PROJECT:
4.1 Fixed Capital:

S/N Items Value (N)

1 Land/Building 400,000

2 Machinery/Equipment 100,000

3 Furniture & Fixtures 50,000

Total 550,000

4.2 Working Capital:

S/N Items Duration Quantity Value (N)

1 Raw Materials in stock 1 year 50 50,000
2 Semi-finished Goods in Stock 1 year 30 30,000
3 Finished goods in stock 1 year 3000 500,000
4 Production expenditure 1 Month 73,000
(wages + Utilities) for one
month
Total 653,000

4.3 S/N Particulars

Total Capital Investment: Value (N)
1 Fixe Capital 550,000
2 Working Capital (Total of Item No. 4.2) 653,000
3 Preliminary and Pre-operative Expense
Total 1,203,000
4.4 Means of Finance:
S/N Particulars Value (N) Remarks
1 Long Term Loan 1,000,000 Approved
2 Working Capital 653,000 Approved
3 Owner’s Contribution 347,000 Approved
Total 2,000,000

4.5 Project Profitability Analysis:

S/N Description Value (N)

1 Sales Revenue 1,250,000

2 Manufacturing Expenses (2.3+2.4+2.5) 547,000
3 Selling & Distribution Expenses 100,000
4 Administrative Expenses 100,000
5 Interest 100,000
6 Profit (1- (2+3+4+5) 480,900

N1,250,000 (222,100+131,000+116,000+300,000) = N769,100

N1,250,000 – N769,100 = N480,900
PROFIT = N480,900