Abebech Tsige Laundry Soap Factory Final

Abebech Tsige Laundry Soap Project
Pro-forma Invoice Selection
1 Machinary and Equipment

1.1 Laundry soap Maching Machine
Proforma Invoice 1 Proforma Invoice 2 Proforma Invoice 3

Prefly Thermal Technology KAIFENG JIASHENG Trading
Brit Soap machinery Private Ltd
Ser Co.Limited Co.,Ltd
Item Description
No.
Quantity Unit Price Quantity Unit Price Quantity Unit Price
Capacity Capacity Capacity
Requred (RMB) Requred (USD) Requred (USD)
Laundry soap
1000-1500 1000-1500 1000-1500
1 Maching 1 1,041,500 1 159,000 1 391,000
kg/hr kg/hr kg/hr
Machine
1.2 Steam Boiler
Supplier 1: PreFly Thermal

Technology Co.,Limited
Ser.
Item Description
No. Unit Total Price
Quantity Price
(USD) (USD)
2T/H Oil Fired
1 1 Set 26,300 26,300
steam Boiler
2T/H Electric
2 Fired steam 1 Set 35,200 35,200
Boiler
2 Vehicles
Proforma Invoice 1 Proforma Invoice 2 Proforma Inv

The Motor & Engineering Co.of
Daniel Trading LLC KAKI private Limite
Ethiopia(MOENCO)
Ser. Name of
No Suppliers Quantity Unit Price Quantity Unit Price
Make Model Make Model Make
Required (USD) Required (Birr)
ISUZU Toyota KUN25L- ISUZU

NPR 1 26,801 1 1,802,000
NP HI-LUX PRMDHN NPR
ISUZU
NPR 1 26,801
1 Vehicles NP
ISUZU
NPR 1 26,801
NP
Toyota
1 38,630
HULUX
3 Office Furniture & Equipments

3.1 Office Equipments
Proforma 1 Proforma 2 Proforma 3

Labrador Computer & Network
Unit of CIMOS Computer Trading TATECH Trading
Ser. Technologies
Item Description Measurm
No. Unit Price Total Price Unit Price Total Price Unit Price
ent Qty Qty Qty
(Birr) (Birr) (Birr) (Birr) (Birr)
HP laserjet
1 pcs 1 3,950 3,950 1 4,000 4,000 1 3,800
Printer 1102
Fax Machine
2 pcs 1 4,100 4,100 1 4,200 4,200 1 3,900
JX210P
Dell 790
3 Computer RAM pcs 1 12,900 12,900 1 12,900 12,900 1 12,800
2GB
Sub Total 20,950.0 21,100
VAT(15%) 3,142.5 3,165
Grand Total 24,092.5 24,265
3.2 Office Furniture
Proforma Invoice 1 Proforma Invoice 2

Mehamed Tiko House Hold and Office
Unit of Mentsenot Wood and Metal Work
Ser. Equipment Trading
Item Description Measurm Total Total
No. Size Unit Price Size Unit Price
ent Qty Price Qty Price
(meter) (Birr) (meter) (Birr)
(Birr) (Birr)
1 Doble pad Stal pcs 1.6 1 3,600 3,600 1.6 1 3,500 3,500
2 Single pad stal pcs 1.2 1 3,100 3,100 1.2 1 3,000 3,000
3 Computer Table pcs 1 1 2,700 2,700 1 1 2,650 2,650
4 Shalf pcs - 1 4,500 4,500 - 1 4,450 4,450

5 Chair pcs - 2 4,700 9,400 - - - -
6 Hi Bag pcs - - - - - 2 4,600 9,200
Sub Total 23,300 22,800
VAT(15%) 3,495 3,420
Grand Total 26,795 26,220
4 Basic raw materials
Supplier 1: JIGRA Interanational Business

Supplier-2: Min- Tech Ethiopia PLC
Unit of PLC
Ser.
Description Unit Price Total Unit Price Unit Price
No.
Measure Quantity Unit Price After Price Quantity
Unit Price
After (Birr/Ton
ment (Birr) (Birr/Kg)
VAT(15%) (Birr) VAT(15%) )
1 Caustic soda Kg 25 25.00 28.75 625 - - - -

Hydrogen
2 Kg 35 22.00 25 770 - - - -
peroxide
3 Perfume Kg 1 550.00 632.50 550 - - - -
4 Sodium Silicate Kg 43 11.00 12.65 473 - - - -
5 CaCo3(5-EL) Kg - - - - 1 2.52 2.90 2,520
6 Dolomite 63µ Kg - - - - - - - -
Sub Total 2,418
VAT(15%) 363
Grand Total 2,781
5 Packing Materials
Supplier 1: Burayu Packing & printing Industry

Ser. Selected
Item Description Unite of Unit Price
Total Price
No. Measurm Length Width Hight Quantity before Supplier
(Birr)
ent
Mili VAT (Birr)
3ply brawn with Meter
1 325 200 190 42,000 6.76 283,920
print Carrton
Sub Total (mm) 6.76 283,920
VAT(15%) 1.014 42,588 Burayu
Packing &
Total 7.77 326,508 printing
Industry
Burayu
Packing &
printing
Industry
Unit cost
packing after 7.77
VAT
Selected supplier
Brit Soap machinery Private Ltd
Quantity Unit Price

Capacity
Requred (USD)
1000-1500
1 391,000
kg/hr
Proforma Invoice 3
KAKI private Limited Company
Selected
Quantity Unit Price Suppliers
Model
Required (Birr)
The Motor &

2012 1 765,000 Engineering
Co.of
Ethiopia(MO
ENCO)
KAKI
private
Limited
Company
roforma 3
ECH Trading
Selected
Total Supplier
Price
(Birr)
3,800
3,900
TATECH
12,800
Trading
20,500
3,075
23,575
Selected
Supplier
Mehamed
Tiko
House
and
Office
Equipme
nt
Trading
iopia PLC Supplier-3: Modern Building Industries PLC
Total
Unit Price
Price Unit Price Unit Price Total Price
Quantity After
(Birr/Ton (Birr/Kg) (Birr/Ton) (Birr/Ton)
VAT(15%)
)
- - - - - -
- - - - - -
- - - - - -
- - - - - -
2,520 - - - - -
- 1 1.85 2.13 1,850 1,850
2,520 1,850
378 277.50
2,898 2,128
Selected
Suppliers
Selected
Suppliers
#REF!
#REF!
Abebech Tsige Laundry Soap Factory
Detail Investment
1 Electrical Installation
Existing Planned Total

Ser
Item Description Investment Investment investment
No
Cost(birr) Cost(birr) cost (birr)
1 Electric Installation - 251,528 251,528
Total - 251,528 251,528
2 Building and construction

Ser
No
1 Builiding and construction 1,307,169 - 1,307,169
Total Value 1,307,169 - 1,307,169
3 Machinary and Equipment
3.1. Existing Machineries and Equipment
Existing
Ser Investment
Item Description Unit Quantity
No Cost
(In Birr)
1 Boiler set 1 136,000
2 Ploder set 2 172,593
3 Melting Tank set 1 70,000
4 Mixer set 1 76,238
Sub Total 454,831
3.2. Planned Machineries and Equipment
Ser Unit Cost

No (USD)
Raw material preparation and
1 set 1 60,000
saponification plant
vacuum spray drying and laundry
2 set 1 182,000
bar finishing plant
3 Utilities set 1 67,000
4 Materials for fabrication at site set 1 62,000
Complete Tool kit for installation

5 - 10,000
at site and subsequent maintenance
Total FOB (USD) 381,000

Equivalent ETB
Freight(3%)
Insurance(1%)
Bank charge (3%)
Port handling, clearing, forwarding

and other local cost (2.5%)
Total (in ETB)

Turnkey installation charge set - 10,000
Equivalent ETB
Civil work and labour charges for

Construction during Installation*
Total Installation Cost (in ETB)

Grand Total (in ETB)
* Three local laborers by 100 Birr per day for one month
Exechang rate as at September 17, 2013

Euro 25.0938 25.5955
USD 18.8025 19.17855
4 Vechicle

Ser
No
1 Toyota HI-LUX - 1,802,000 1,802,000
2 ISUZU NPR - 765,000 765,000
Total - 2,567,000 2,567,000
5 Office Furniture and Equipment

Ser Unit
No Price(Birr)
Existing office furniture and

1 equipment
Sub Total
2 HP laserjet Printer 1102 pcs 1 3,800
3 Fax Machine JX210P pcs 1 3,900
4 Dell 790 Computer RAM 2GB pcs 1 12,800
Sub Total
VAT(15%)
Grand Total
5 Doble pad Stal pcs 1 3,500
6 Single pad stal pcs 1 3,000
7 Computer Table pcs 1 2,650
8 Shalf pcs 1 4,450
9 Hi Bag pcs 2 4,600
Sub Total
VAT(15%)
Grand Total
Total Planned Office Furniture and Equipment
Total Office Furniture and Equipment
6 Working Capital

Ser
Item Description Investment Investment Investment
No
A Planned Working capital - 5,960,391 5,960,391
Sub total - 5,960,391 5,960,391

B Exisisting Working Capital
1.1 Raw materials 415,290 - 415,290
1.2 Monthly salary 11,900 - 11,900
1.3 Finished good 392,750 - 392,750
Sub total 819,940 - 819,940
Total 819,940 5,960,391 6,780,331
7 Pre-production Cost
Ser
Item Description Investment Investment Investment
No
1 Pre-production Cost 149,254 - 149,254
2 Pre-production interst - 241,929 241,929
Total 149,254 241,929 391,183
Summary of Investment Cost

Ser
No
2 Building and construction 1,307,169 - 1,307,169
3 Machinary and Equipment 454,831 8,201,981 8,656,812
4 Vehicle - 2,567,000 2,567,000
5 Office Furniture & Equipment 10,000 49,795 59,795
Sub Total 1,772,000 11,070,303 12,842,304
Sub Total 149,254 241,929 391,183
8 Working Capital 819,940 5,960,391 6,780,331
Sub Total 819,940 5,960,391 6,780,331
Total 2,741,195 17,272,623 20,013,818
ndry Soap Factory
ent
Planned
Total Value
Investment
(Birr)
Cost(USD)
136,000
172,593
70,000
76,238
454,831
Total Cost
60,000
182,000
67,000
62,000
10,000
381,000
7,307,028
219,211
73,070
219,211
182,676
8,001,195
10,000
191,786
9,000
200,786
8,201,981
Existing Planned
Total Value
Investment Investment
(Birr)
Cost(birr) Cost(birr)
10,000 - 10,000
10,000 10,000
- 3,800 3,800
- 3,900 3,900
- 12,800 12,800
20,500
3,075
23,575
- 3,500 3,500
- 3,000 3,000
- 2,650 2,650
- 4,450 4,450
- 9,200 9,200
22,800
3,420
26,220
49,795
59,795
I. Project Investment
Description Amount Percentage
Total Fixed Investment Costs 12,842,304 64%
Pre-production Capital Expenditure 391,183 2%
Working Capital 6,780,331 34%
Total 20,013,818 100%
II. Source of fund

Description Amount D/E Ratio
Debt -DBE Loan 12,008,150 60%
Equity 8,005,668 40%
Total 20,013,818 100%
III. Expected Financial results

Description Year-1 Year-10
Sales Revenue 41,753,047 62,629,571
Profit (Loss) 3,361,152 7,315,463
Cumulative Cash Balance 2,352,806 48,087,080
IRR before Tax = 53%
IRR after Tax = 39%
IV. Sensitivity Analysis
Description IRR Before Tax IRR After Tax
When Revenue decreased By 10% 28% 10%

When Operating Costs increased By 10% 33% 16%
When Investment Costs increased By 10% 49% 35%
Abebech Tsige Laundry Soap F
Assumption Build
N.B: The data used for developing Assumption are taken from research comodity study ,specification of mac
1 Basic Assumptions Held
Working days (per annum) 275 Days

Number of shift (per day) 1 Shift
Working hours (per shifit) 8 Hour
Machine Capacity
Per Hour Per Day Per Annum
Description
(In Tons) (In Tons) (In Tons)
1. New Plant 1.20 9.6 2,640
2. Existing Plant 0.11 0.88 243
Total Production 1.31 10.48 2,883
2 Production and Revenue Forecast
The company is assumed to start production at 60% and increase by 15% per annum untill it reaches 90% and re
2.1 Production and Revenue Estimate at Full Theoretical Capacity
Percentage
Unit Price Unit Price
Types of Product Share of
(Birr) Per Ton
Product Mix
100gm 2.45 24,500 25%

150gm 3.38 22,500 10%
200gm 4.85 24,250 65%
Total 100%
2.2 Production and Revenue Estimate at Different Capacity Utilization Rate
Total Annual Production of Various Product (

Capacity
Year
Utilization Rate
Capacity
Year
Utilization Rate 100gm 150gm
1 60% 432 173
2 75% 541 216
3 to 10 90% 649 259
3 Cost Estimate
3.1. Raw Material Requirement
Raw Material
Unit of Unit Price Requirement
Type of Raw Material
Measurment (Birr) Per
1 Kg of output
Imported Raw Materials

1. Palm oil Kg 16.74 0.40
Sub total
Local Raw Materials
2. Caustic soda Kg 28.75 0.08
3. Sodium silicate kg 12.65 0.432
4. Hydrogen peroxide kg 25.30 0.029
5. Dolomaite filler Kg 2.13 0.24
6. Perfume Kg 632.50 0.002
7. Distilled water kg 0.05 2.00
Sub total
Total
3.2. Packing material
Holding Total Anuual

Unit of Capacity of a Production in
Type of Product
measurment piece of pieces/In
carrton Numbers
100gm Pieces 100 4,324,500

150gm Pieces 50 1,153,200
200gm Pieces 50 5,621,850
Total
3.4. Electricity Consumption
Machinery power requirement Per

130
hour(kw)
Working days per annum 275
Working hours per day 8
Annual Power requirement(Kw) 286,000
Cost per KWH in birr 0.5691
Total Cost 162,762.60
Service charge per annum 221.88
Total Cost of electricity 162,984.48
3.6. Fuel, Oil and Lubricant
Description Quantity KM/Year Lt / Km
Toyota HI-LUX 1 60,000 0.20

ISUZU NPR 1 20,000 0.50
Sub-Total
Oil and Lubricants (2% of fuel cost)
Total Cost of Fuel, Oil and Lubricants
3.7. Spare Parts
4% of Machinery & Equipment cost beginning from the 3rd year;

4% of Vehicles cost beginning from the 2nd year.
Investment
Description Rate(%)
cost (Birr)
Machinery & Equipment 8,656,812 4%

Vehicle 2,567,000 4%
Total
3.8. Insurance
Investment
Insurance Rate
Description cost Insurance Cost
(%)
(Birr)
Fixed Asset
Building and construction 1,307,169 0.75% 9,804
Machinary and Equipment 8,656,812 0.75% 64,926

Vehicle 2,567,000 4% 102,680
Office Furniture & Equipment 59,795 0.75% 448
Total 177,858
3.9. Repair and Maintenance
Repair & Repair and

Investment
Description Maintenance Maintenance
cost (Birr)
Rate(%) Cost(Birr)
Building and construction 1,307,169.48 3% 39,215
Machinary and Equipment 8,656,812 5% 432,841
Vehicle 2,567,000 10% 256,700
Office Furniture & Equipment 59,795 12% 7,175
Total 735,931
N.B: Assum 5% increas each year
3.10. Depreciation and Amortization
Percentage of Depreciation
Original cost
Description Original Annually
(Birr)
cost(%) (Birr)
A. Depreciation
Building and construction 1,307,169 5% 65,358
Machinary and Equipment 8,656,812 12% 1,038,817
Vehicle 2,567,000 20% 513,400
Office Furniture & Equipment 59,795 10% 5,980
Sub total 1,623,555
B. Amortaization
Pre-production Cost 149,254 10% 14,925
Pre-production interst 241,929 10% 24,193
Sub total 39,118
Total 1,662,674
3.11. Salary Expense
Monthly
No of Salary Scale
Categories of staff Salary
Employee ( Birr)
(Birr)
1. General Manager Office
1.1. General Manager 1 8,000 8,000
1.2. Executive Secretary 1 3,000 3,000
2. Production and Technical
Manager 1 5,000 5,000
2.1. Production Supervision 1 4,000 4,000
2.2.1. Direct Worker 4 3,500 14,000
2.2.1 Unskilled Worker 4 1,500 6,000
2.2. Repair and Maintenance
2.2.1.General Mechanic 1 3,000 3,000
3. Administration & Finance
Department Manager 1 5,000 5,000
3.1. Administration Section Head 1 4,000 4,000
3.1.2. Administration officer 1 3000 3,000
3.1.3. Office Guard 2 1,000 2,000
4.1.4. Store Keeper 1 1,500 1,500
3.1.5. Cleaner 2 1,500 3,000
3.2. Finance Section
3.2.1. Accountant 1 3,000 3,000
3.2.2. Payroll Administrator 1 3,000 3,000
4. Marketing Department Manger
4.1. Sales Head 1 3,000 3,000
4.2. Procurement head / Purchaser 1 5,000 5,000
Total 25 75,500
Employees Salary incrased by 5% of basic Salary each year
3.12. Other Costs
Annual costs
Description
(Birr)
Travel & Perdium (8% of salary expense) 72,480

Fringe Benefit (5% of of salary and wage) 45,300
Uniform & Protective (Birr 1000/Person/year for 14 person) 14,000
Office Supplies 14,000
Telephone, Postage and Internet 6,000
Audit and Legal Fee 15,000
Administrative Expense 20,000
Utility Expenses 8,000
Cleaning Expense 7,000
Miscelaneous Expense 5,000
Total 206,780
ch Tsige Laundry Soap Factory
ssumption Build
ty study ,specification of machineries and equipments ,proforma invoice and Promoter feasibilty study
Machine Share
(%)
92%
8%
100%
m untill it reaches 90% and remains the same thereafter.
Total Annual Total Annual

Production at Revenue at
100% Capacity 100% Capacity
(In Tons) (In Birr)
721 17,658,375
288 6,486,750
1,874 45,443,287
2,883 69,588,412
oduction of Various Product (In Ton) Annual Revenue per Various Types of Product (In Birr)
200gm Total 100gm 150gm 200gm
1,124 1,730 10,595,025 3,892,050 27,265,972
1,405 2,162 13,243,781 4,865,062 34,082,466
1,687 2,595 15,892,537 5,838,075 40,898,959
Annual Raw
Cost of Raw Annual Raw
Material
Material Cost Annual Cost of Raw Material at Different Production
Material Per Requirement
at 100% Capacity
1Kg of at 100%
Production
Output Production
Capacity
(In Birr) capacity
(In Birr)
(In Kg) 60% 75%
6.70 1,153,200 19,304,568 11,582,741 14,478,426

6.70 1,153,200 19,304,568 11,582,741 14,478,426
2.30 230,640 6,630,900 3,978,540 4,973,175

5.46 1,245,456 15,755,018 9,453,011 11,816,264
0.73 83,607 2,115,257 1,269,154 1,586,443
0.51 691,920 1,472,060 883,236 1,104,045
1.27 5,766 3,646,995 2,188,197 2,735,246
0.10 5,766,000 288,300 172,980 216,225
10.37 8,023,389 29,908,530 17,945,118 22,431,398
17.07 9,176,589 49,213,098 29,527,859 36,909,824
Total Annual
Total Required Unit cost of
cost for
Pieces of Packing
packing
Packing Materials
Material materials
(In Birr)
(In Birr)
43,245 7.77 336,187
23,064 7.77 179,300
112,437 7.77 874,085
1,389,571
Total Fuel
Unit Cost per Total Annual
Requirements
liter Cost
( Liters)
12,000 18.38 220,560
10,000 18.38 183,800
404,360
8,087
596,247
Spare Parts &

Consumables
346,272.47
102,680
448,952.47
Annual Salary
( Birr)
96,000
36,000
60,000
48,000
168,000
72,000
36,000
60,000
48,000
36,000
24,000
18,000
36,000
36,000
36,000
36,000
60,000
906,000
easibilty study
f Product (In Birr)

Total Revenue
41,753,047
52,191,309
62,629,571
al at Different Production
ity
90%
17,374,111
17,374,111
5,967,810
14,179,517
1,903,731
1,324,854
3,282,295
259,470
26,917,677
44,291,788
Abebech Tsige Laundry S
Operating Cost Determi
P
Description
1 2 3
1.Direct Costs
Imported Raw Material 11,582,741 14,478,426 17,374,111
Local Raw Material 17,945,118 22,431,398 26,917,677
Electric Power 162,984 162,984 162,984
Packing Material 1,389,571 1,598,007 1,837,708
Sub-total 31,080,415 38,670,815 46,292,481
2.Indirect Costs
Salary and wage 906,000 951,300 998,865
Travel & Perdiem 72,480 76,104 79,909
Fringe Benefit 45,300 47,565 49,943
Uniform & Protective 14,000 14,000 14,000
Office Supplies 14,000 14,000 14,000
Telephone, Postage & Internet 6,000 6,000 6,000
Audit and Legal Fee 15,000 15,000 15,000
Administrative Expense 20,000 20,000 20,000
Fuel, Oil and Lubricant Expense 596,247 596,247 596,247
Utility Expenses 8,000 8,000 8,000
Cleaning Expense 7,000 7,000 7,000
Miscelaneous Expense 5,000 5,000 5,000
Repair & Maintenance 735,931 772,728 811,364
Insurance 177,858 177,858 177,858
Sub-total 2,622,817 2,710,802 2,803,187
Total 33,703,231 41,381,617 49,095,668
Operating Cost Determination
Project Years
4 5 6 7 8 9 10
17,374,111 17,374,111 17,374,111 17,374,111 17,374,111 17,374,111 17,374,111

26,917,677 26,917,677 26,917,677 26,917,677 26,917,677 26,917,677 26,917,677
162,984 162,984 162,984 162,984 162,984 162,984 162,984
1,837,708 1,837,708 1,837,708 1,837,708 1,837,708 1,837,708 1,837,708
46,292,481 46,292,481 46,292,481 46,292,481 46,292,481 46,292,481 46,292,481
1,048,808 1,101,249 1,156,311 1,214,127 1,274,833 1,338,575 1,405,503

83,905 88,100 92,505 97,130 101,987 107,086 112,440
52,440 55,062 57,816 60,706 63,742 66,929 70,275
14,000 14,000 14,000 14,000 14,000 14,000 14,000
14,000 14,000 14,000 14,000 14,000 14,000 14,000
6,000 6,000 6,000 6,000 6,000 6,000 6,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000
20,000 20,000 20,000 20,000 20,000 20,000 20,000
596,247 596,247 596,247 596,247 596,247 596,247 596,247
8,000 8,000 8,000 8,000 8,000 8,000 8,000
7,000 7,000 7,000 7,000 7,000 7,000 7,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000
851,932 894,529 939,255 986,218 1,035,529 1,087,305 1,141,671
177,858 177,858 177,858 177,858 177,858 177,858 177,858
2,900,191 3,002,045 3,108,992 3,221,287 3,339,196 3,463,000 3,592,995
49,192,672 49,294,526 49,401,473 49,513,768 49,631,677 49,755,481 49,885,476
Working Capital Determ
Period
Description
(Months) 0 1 2
1.Direct Costs
Imported Raw Material 3 2,895,685 2,895,685 3,619,606
Local Raw Material 1 1,495,427 1,495,427 1,869,283
Electric Power 1 13,582 13,582 13,582
Packing Material 1 115,798 115,798 133,167
Sub-total 4,520,491 4,520,491 5,635,639
2.Indirect Costs
Salary and wage 1 75,500 75,500 79,275
Travel & Perdiem 1 6,040 6,040 6,342
Fringe Benefit 1 3,775 3,775 3,964
Uniform & Protective 6 7,000 7,000 7,000
Office Supplies 1 1,167 1,167 1,167
Telephone, Postage & Internet 1 500 500 500
Audit and Legal Fee 1 1,250 1,250 1,250
Administrative Expense 1 1,667 1,667 1,667
Fuel, Oil and Lubricant Expense 1 49,687 49,687 49,687
Utility Expenses 1 667 667 667
Cleaning Expense 1 583 583 583
Miscelaneous Expense 1 417 417 417
Repair & Maintenance 1 61,328 61,328 64,394
Insurance 12 177,858 177,858 177,858
Cash on Hand (For 5 days) 0.17 468,100 468,100 574,745
Finished Goods (For 5 days) 0.17 468,100 468,100 574,745
Account Recievable (For 10 days) 0.33 936,201 936,201 1,149,489
Sub-total 2,259,840 2,259,840 2,693,749
Total 6,780,331 6,780,331 8,329,388.0
Increasing in working Capital - 1,549,057
B.Existing Working Capital 819,940
1. Raw materials 415,290
2. Monthly salary 11,900
3. Finished goods 392,750
Total Existing working capital 819,940
Proposed Working Capital
Requirement 5,960,391
ch Tsige Laundry Soap Factory
king Capital Determination
Project Years
3 4 5 6 7 8 9
4,343,528 4,343,528 4,343,528 4,343,528 4,343,528 4,343,528 4,343,528

2,243,140 2,243,140 2,243,140 2,243,140 2,243,140 2,243,140 2,243,140
13,582 13,582 13,582 13,582 13,582 13,582 13,582
153,142 153,142 153,142 153,142 153,142 153,142 153,142
6,753,392 6,753,392 6,753,392 6,753,392 6,753,392 6,753,392 6,753,392
83,239 87,401 91,771 96,359 101,177 106,236 111,548

6,659 6,992 7,342 7,709 8,094 8,499 8,924
4,162 4,370 4,589 4,818 5,059 5,312 5,577
7,000 7,000 7,000 7,000 7,000 7,000 7,000
1,167 1,167 1,167 1,167 1,167 1,167 1,167
500 500 500 500 500 500 500
1,250 1,250 1,250 1,250 1,250 1,250 1,250
1,667 1,667 1,667 1,667 1,667 1,667 1,667
49,687 49,687 49,687 49,687 49,687 49,687 49,687
667 667 667 667 667 667 667
583 583 583 583 583 583 583
417 417 417 417 417 417 417
67,614 70,994 74,544 78,271 82,185 86,294 90,609
177,858 177,858 177,858 177,858 177,858 177,858 177,858
681,884 683,232 684,646 686,132 687,691 689,329 691,048
681,884 683,232 684,646 686,132 687,691 689,329 691,048
1,363,769 1,366,463 1,369,292 1,372,263 1,375,382 1,378,658 1,382,097
3,130,006 3,143,479 3,157,625 3,172,479 3,188,076 3,204,452 3,221,647
9,883,398 9,896,871 9,911,017 9,925,871 9,941,468 9,957,844 9,975,039
1,554,010 13,473 14,146 14,854 15,596 16,376 17,195
10
4,343,528
2,243,140
13,582
153,142
6,753,392
117,125
9,370
5,856
7,000
1,167
500
1,250
1,667
49,687
667
583
417
95,139
177,858
692,854
692,854
1,385,708
3,239,702
9,993,094
18,055
Abebech Tsegi Laundry Soap factory
Fund Allocation And Source of Fund
I. Fund Allocation
Existing Total
Planned
Ser. No. Description Investment
Cost Cost
Cost (Birr)
(Birr) (Birr)
1 Electric Installation - 251,527.77 251,528
4 Vehicle - 2,567,000 2,567,000
Sub-total 1,772,000 10,818,776 12,842,304
Sub-total 149,254 241,929 391,183
8 Working Capital 819,940 5,960,391 6,780,331
Sub-total 819,940 5,960,391 6,780,331
Total 2,741,195 17,021,095 20,013,818
II. Source of Fund
Investment cost
Total
Ser. No. Description Existing Planned
Investment
Cost(Birr)
Cost (Birr) Cost(Birr)

4 Vehicle - 2,567,000 2,567,000
Sub-total 1,772,000 11,070,303 12,842,304
Sub-total 149,254 241,929 391,183
8 Working Capital 819,940 5,960,391 6,780,331
Sub-total 819,940 5,960,391 6,780,331
Total 2,741,195 17,272,623 20,013,818
Proportion of Existing Vs Plan
Precentage D/E Ratio
ctory
und
Source of Investment Cost

Owner'sEquity
Existing Contribution In Total Equity DBE Loan Total

Investment Cash Contribution (Birr) Investment
(Birr) (Birr) (Birr) cost (Birr)
- 251,528 251,528 - 251,528
1,307,169 - 1,307,169 - 1,307,169
454,831 3,902,311 4,357,142 4,299,670 8,656,812
- - - 2,567,000 2,567,000
10,000 - 10,000 49,795 59,795
1,772,000 4,153,839 5,925,839 6,916,465 12,842,304
149,254 - 149,254 - 149,254
- 241,929 241,929 - 241,929
149,254 241,929 391,183 - 391,183
819,940 868,706 1,688,646 5,091,685 6,780,331
819,940 868,706 1,688,646 5,091,685 6,780,331
2,741,195 5,264,473 8,005,668 12,008,150 20,013,818
14% 26% 40% 60% 100%
1.50
Disbursement Schedule
1. Loan Disbursement Schedule
Balance in
Amount to be Commetment
Loan Disbursement To be
Purpose of Disbursement Disbursed (In Birr)
Plan Disbursed to
(In Birr)
12,008,150
Procurement of machineries and

its accessories (Remaining 60% of
1st 4,299,670
machineries cost to be disbursed 7,708,480 To the supplier
Disbursement with Equity)
Sub-total 4,299,670
Working Capital (Remaining 70%

2,026,980
of imported Raw Material)
2nd
Procurement of Vehicle 2,567,000 3,064,706 To the supplier
Disbursement
Procurement of Office Furniture
49,795
and Equipment
Sub-total 4,643,775
3rd Working Capital 3,064,706 To the supplier &

-
Disbursement To The promoter
Sub-total 3,064,706
Total 12,008,150 -
2. Equity Disbursement Schedule
Balance in
Amount to be Commitment
Equity To be
Purpose of Disbursement Disbursed (In Birr)
Disbursement Plan Disbursed to
(Birr)
8,005,668
Building & Construction 1,307,169 Existing
Office Furniture 10,000 Existing
Machinary and Equipment 454,831 Existing
Existing 5,264,473
Pre Production Cost 149,254 Existing
Working Capital 819,940 Existing
Sub-total 2,741,195
Pre-production interst 241,929 To DBE
Electric Installation 251,528 To EPPCO
1st Procurement of Machinary and
Disbursement its accessories (40% Deposit via 3,280,792
SWIFT Transfer) To the supplier
Sub-total 3,774,249
Working Capital (30% cost for
2nd L/C Opening for imported Raw 868,706
Material) To the supplier
Disbursement
Sub-total 868,706
Procurement of machineries and
its accessories (Remaining 60% of
3rd 621,519
machineries cost to be disbursed To the supplier
Disbursement with Loan)
Sub-total 621,519
Total 8,005,668 -
Equity to be Blocked 5,264,473
Months to be
Condition for
Disbursed
Disbursement
(2013)
After signing the

loan agreement and
Mar-14
fully utilized the
equity contribution
After verification of
the effective
utilization of
previous Apr-14
disbursement and
arrival of improted
items
After verification of
the effective
utilization of Jun-14
previous
disbursements
Expected Months
to be Disbursed
(2013)
Already utilized
Dec-13
Feb-14
Mar-14
Abebech Tsige Lau
Deprecia
Percentage
of Depreciation
Description Original cost
Original Annually
cost 1
A. Depreciation
Building and construction 1,307,169 5% 65,358 1,241,811
Machinary and Equipment 8,656,812 10% 865,681 7,791,131
Vehicle 2,567,000 20% 513,400 2,053,600
Office Furniture & Equipment 59,795 10% 5,980 53,816
Sub Total 12,590,776 1,450,419 11,140,357
B. Amortaization
Pre-production Cost 149,254 10% 14,925 134,329
Pre-production interst 241,929 10% 24,193 217,736
Sub Total 391,183 39,118 352,065
Total 12,981,959 1,489,537 11,492,422
Depreciation Cost Per Annum 1,489,537
Replacement
Project Y
Description
1 2 3 4
Vehicle
Total
Abebech Tsige Laundry Soap Factory'!B2
Depreciation Schedule
Project Years
2 3 4 5 6 7 8
1,176,453 1,111,094 1,045,736 980,377 915,019 849,660 784,302

6,925,449 6,059,768 5,194,087 4,328,406 3,462,725 2,597,044 1,731,362
1,540,200 1,026,800 513,400 2,567,000 2,053,600 1,540,200 1,026,800
47,836 41,857 35,877 29,898 23,918 17,939 11,959
9,689,938 8,239,519 6,789,100 7,905,680 6,455,261 5,004,842 3,554,423
119,403 104,478 89,552 74,627 59,702 44,776 29,851

193,543 169,350 145,157 120,964 96,772 72,579 48,386
312,946 273,828 234,710 195,591 156,473 117,355 78,237
10,002,884 8,513,347 7,023,809 8,101,272 6,611,734 5,122,197 3,632,660
1,489,537 1,489,537 1,489,537 1,489,537 1,489,537 1,489,537 1,489,537
Project Years
5 6 7 8 9 10
2,567,000
2,567,000
9 10
718,943 653,585
865,681 -
513,400 -
5,980 -
2,104,003.9 653,585
14,925 -
24,193 -
39,118 -
2,143,122 653,585
1,489,537 1,489,537
Loan Repayment Schedule
8.5%
Interest
Principal Outstanding
Year Payment
Repayment Balance
at 8.5%
Total loan Proposed 12,008,150
2014,
31-Mar-14 31,040 4,299,670
30-Apr-14 62,482 8,943,444
30-Jun-14 148,407 12,008,150
Total Pre-operating Interest 241,929
2015,
30-Apr 667,119 765,520 11,341,031
30-Aug 667,119 321,329 10,673,911
30-Dec 667,119 302,427 10,006,792
Sub-total 2,001,358 1,389,276
2016,
30-Apr 667,119 283,526 9,339,672
30-Aug 667,119 264,624 8,672,553
30-Dec 667,119 245,722 8,005,433
Sub-total 2,001,358 793,872
2017,
30-Apr 667,119 226,821 7,338,314
30-Aug 667,119 207,919 6,671,194
30-Dec 667,119 189,017 6,004,075
Sub-total 2,001,358 623,757
2018,
30-Apr 667,119 170,115 5,336,956
30-Aug 667,119 151,214 4,669,836
30-Dec 667,119 132,312 4,002,717
Sub-total 2,001,358 453,641
2019,
30-Apr 667,119 113,410 3,335,597
30-Aug 667,119 94,509 2,668,478
30-Dec 667,119 75,607 2,001,358
Sub-total 2,001,358 283,526
2020,
30-Apr 667,119 56,705 1,334,239
30-Aug 667,119 37,803 667,119
30-Dec 667,119 18,902 -
Sub-total 2,001,358 113,410
Grand Total 12,008,150
-
Abebech Tsige Laundry Soap Fa
Projected Income Statement
Project Y
Description
1 2 3 4
Sales Revenue 41,753,047 52,191,309 62,629,571 62,629,571
Operating Costs: 33,703,231 41,381,617 49,095,668 49,192,672
Gross Profit 8,049,816 10,809,692 13,533,903 13,436,899
Less Depreciation 1,489,537 1,489,537 1,489,537 1,489,537
Profit Before Interest 6,560,279 9,320,154 12,044,366 11,947,362
Less: Interest and Other
1,389,276 793,872 623,757 453,641
Charges
Profit Before Income tax 5,171,002 8,526,282 11,420,609 11,493,720
Less: Income tax 1,809,851 2,984,199 3,997,213 4,022,802
Net Profit 3,361,152 5,542,084 7,423,396 7,470,918
sige Laundry Soap Factory
ted Income Statement
Project Years
5 6 7 8 9 10
62,629,571 62,629,571 62,629,571 62,629,571 62,629,571 62,629,571
49,294,526 49,401,473 49,513,768 49,631,677 49,755,481 49,885,476
13,335,045 13,228,098 13,115,803 12,997,894 12,874,090 12,744,095
1,489,537 1,489,537 1,489,537 1,489,537 1,489,537 1,489,537
11,845,507 11,738,560 11,626,266 11,508,357 11,384,552 11,254,558
283,526 - - - - -
11,561,982 11,738,560 11,626,266 11,508,357 11,384,552 11,254,558
4,046,694 4,108,496 4,069,193 4,027,925 3,984,593 3,939,095
7,515,288 7,630,064 7,557,073 7,480,432 7,399,959 7,315,463
Abebech Tsige Laundry Soap Fact
Profit &/Or Loss Projection
Project Ye
Description
1 2 3 4
Revenue 41,753,047 52,191,309 62,629,571 62,629,571
Less: Operating Costs 33,703,231 41,381,617 49,095,668 49,192,672
Gross profit 8,049,816 10,809,692 13,533,903 13,436,899
Less: Deprication 1,489,537 1,489,537 1,489,537 1,489,537
Profit Before Interest &
6,560,279 9,320,154 12,044,366 11,947,362
Tax
Less: Interest 1,389,276 793,872 623,757 453,641
Profit before tax 5,171,002 8,526,282 11,420,609 11,493,720
Less: Profit Tax (35%) 1,809,851 2,984,199 3,997,213 4,022,802
Net Profit 3,361,152 5,542,084 7,423,396 7,470,918
- - - -
sige Laundry Soap Factory
&/Or Loss Projection
Project Years
5 6 7 8 9 10
62,629,571 62,629,571 62,629,571 62,629,571 62,629,571 62,629,571
49,294,526 49,401,473 49,513,768 49,631,677 49,755,481 49,885,476
13,335,045 13,228,098 13,115,803 12,997,894 12,874,090 12,744,095
1,489,537 1,489,537 1,489,537 1,489,537 1,489,537 1,489,537
11,845,507 11,738,560 11,626,266 11,508,357 11,384,552 11,254,558
283,526 - - - - -
11,561,982 11,738,560 11,626,266 11,508,357 11,384,552 11,254,558
4,046,694 4,108,496 4,069,193 4,027,925 3,984,593 3,939,095
7,515,288 7,630,064 7,557,073 7,480,432 7,399,959 7,315,463
- - - - - -
Cash Flow Project
Description
0 1 2 3
Cash Inflows
Owner's Equity 8,005,668
Loan 12,008,150
Net Profit 3,361,152 5,542,084 7,423,396
Depreciation 1,489,537 1,489,537 1,489,537
Total Cash Inflows 20,013,818 4,850,689 7,031,621 8,912,933
Cash out Flows
Fixed assets 12,842,304
Pre-operating Interest & cost 391,183
Working Capital 6,780,331

Increase in Working capital - 1,549,057 1,554,010
Loan Repayment 2,001,358 2,001,358 2,001,358
Replacement
Withdrawal (30%) 1,008,345 1,662,625 2,227,019
Total Cash Outflows 20,013,818 3,009,704 5,213,040 5,782,387
Net Cash Flow - 1,840,985 1,818,581 3,130,546
Cumulative Cash Balance 1,840,985 3,659,566 6,790,112
Retained earning 2,352,806 3,879,458 5,196,377
Cumulative Retained Earning 2,352,806 6,232,265 11,428,642

bech Tsige Laundry Soap Factory
Cash Flow Projection
Project Years
4 5 6 7 8 9 10
7,470,918 7,515,288 7,630,064 7,557,073 7,480,432 7,399,959 7,315,463

1,489,537 1,489,537 1,489,537 1,489,537 1,489,537 1,489,537 1,489,537
8,960,456 9,004,825 9,119,602 9,046,610 8,969,969 8,889,497 8,805,000
13,473 14,146 14,854 15,596 16,376 17,195 18,055

2,001,358 2,001,358 2,001,358
2,567,000
2,241,275 2,254,586 2,289,019 2,267,122 2,244,130 2,219,988 2,194,639
4,256,107 6,837,091 4,305,231 2,282,718 2,260,506 2,237,183 2,212,694
4,704,349 2,167,734 4,814,370 6,763,892 6,709,464 6,652,314 6,592,306
11,494,461 13,662,196 18,476,566 25,240,458 31,949,921 38,602,235 45,194,542
5,229,643 5,260,702 5,341,045 5,289,951 5,236,302 5,179,971 5,120,824
16,658,284 21,918,986 27,260,031 32,549,982 37,786,285 42,966,256 48,087,080

Abebech Tsige Laundry
Balance Sheet Pro
Description
1 2 3
A. ASSETS
Current Assets
Cash 1,840,985 3,659,566 6,790,112
Inventory 6,780,331 8,329,388 9,883,398
Total C. Assets 8,621,316 11,988,954 16,673,510
Fixed Assets
Electric Installation 251,528 251,528 251,528
Building and construction 1,241,811 1,176,453 1,111,094
Machinary and Equipment 7,791,131 6,925,449 6,059,768
Vehicle 2,053,600 1,540,200 1,026,800
Office Furniture & Equipment 53,816 47,836 41,857
Total Fixed Assets 11,391,885 9,941,466 8,491,046
Intangible Asset
Pre-production cost 134,329 119,403 104,478
Pre-production interst 217,736 193,543 169,350
Total Intangible Assets 352,065 312,946 273,828
Total Assets 20,365,266 22,243,366 25,438,385
B. LIABILITY
DBE Loan 10,006,792 8,005,433 6,004,075
Total Liability 10,006,792 8,005,433 6,004,075
C. CAPITAL
Equity contribution 8,005,668 8,005,668 8,005,668
Retained earning 2,352,806 6,232,265 11,428,642
Total Capital 10,358,474 14,237,933 19,434,310
Total Liab. & capital 20,365,266 22,243,366 25,438,385
- - -
Balance Sheet Projection
Project Years
4 5 6 7 8 9
11,494,461 13,662,196 18,476,566 25,240,458 31,949,921 38,602,235

9,896,871 9,911,017 9,925,871 9,941,468 9,957,844 9,975,039
21,391,332 23,573,213 28,402,437 35,181,925 41,907,765 48,577,274
251,528 251,528 251,528 251,528 251,528 251,528

1,045,736 980,377 915,019 849,660 784,302 718,943
5,194,087 4,328,406 3,462,725 2,597,044 1,731,362 865,681
513,400 2,567,000 2,053,600 1,540,200 1,026,800 513,400
35,877 29,898 23,918 17,939 11,959 5,980
7,040,627 8,157,208 6,706,789 5,256,370 3,805,951 2,355,532
89,552 74,627 59,702 44,776 29,851 14,925

145,157 120,964 96,772 72,579 48,386 24,193
234,710 195,591 156,473 117,355 78,237 39,118
28,666,669 31,926,012 35,265,699 40,555,650 45,791,953 50,971,924
4,002,717 2,001,358 -
4,002,717 2,001,358 - - - -
8,005,668 8,005,668 8,005,668 8,005,668 8,005,668 8,005,668

16,658,284 21,918,986 27,260,031 32,549,982 37,786,285 42,966,256
24,663,953 29,924,654 35,265,699 40,555,650 45,791,953 50,971,924
28,666,669 31,926,012 35,265,699 40,555,650 45,791,953 50,971,924
- - - - - -
10
45,194,542
9,993,094
55,187,635
251,528
653,585
-
-
-
905,113
-
-
-
56,092,748
8,005,668
48,087,080
56,092,748
56,092,748
-
Abebech Tsige Laundry So
Calcualtion of Financial Internal
Working Fixed
Total
Year Revenue Capital Asset Initial Inv't.
Benefits
Recovery Recovery
0 - 20,013,818
1 41,753,047 41,753,047
2 52,191,309 52,191,309
3 62,629,571 62,629,571
4 62,629,571 62,629,571
5 62,629,571 62,629,571
6 62,629,571 62,629,571
7 62,629,571 62,629,571
8 62,629,571 62,629,571
9 62,629,571 62,629,571
10 62,629,571 9,993,094 905,113 73,527,777
IRR Before Tax 53% NPV Before Tax

IRR After Tax 39% NPV After Tax
ualtion of Financial Internal Rate of Return
Total Cost
Operating Net Benefit
Replacement Total Costs Profit Tax Including
Costs Before Tax
Profit Tax
20,013,818 20,013,818 (20,013,818)
33,703,231 33,703,231 1,809,851 35,513,082 8,049,816
41,381,617 41,381,617 2,984,199 44,365,816 10,809,692
49,095,668 49,095,668 3,997,213 53,092,881 13,533,903
49,192,672 49,192,672 4,022,802 53,215,474 13,436,899
2,567,000 49,294,526 51,861,526 4,046,694 55,908,220 10,768,045
49,401,473 49,401,473 4,108,496 53,509,970 13,228,098
49,513,768 49,513,768 4,069,193 53,582,961 13,115,803
49,631,677 49,631,677 4,027,925 53,659,602 12,997,894
49,755,481 49,755,481 3,984,593 53,740,075 12,874,090
49,885,476 49,885,476 3,939,095 53,824,571 23,642,301
IRR 53%
58,027,931 NPV 58,027,931
36,373,490
Net Benefit
After Tax
(20,013,818)
6,239,965
7,825,493
9,536,690
9,414,097
6,721,351
9,119,602
9,046,610
8,969,969
8,889,497
19,703,206
39%
36,373,490
If Revenue Decreases b
Working Fixed
Total
Benefits
Recovery Recovery
0 - - - - 20,013,818
1 37,577,743 - - 37,577,743 -
2 46,972,178 - - 46,972,178 -
3 56,366,614 - - 56,366,614 -
4 56,366,614 - - 56,366,614 -
5 56,366,614 - - 56,366,614 -
6 56,366,614 - - 56,366,614 -
7 56,366,614 - - 56,366,614 -
8 56,366,614 - - 56,366,614 -
9 56,366,614 - - 56,366,614 -
10 56,366,614 9,993,094 905,113 67,264,820 -


If Operating Costs Increase
Working Fixed
Total
Benefits
Recovery Recovery
0 - - - - 20,013,818
1 41,753,047 - - 41,753,047 -
2 52,191,309 - - 52,191,309 -
3 62,629,571 - - 62,629,571 -
4 62,629,571 - - 62,629,571 -
5 62,629,571 - - 62,629,571 -
6 62,629,571 - - 62,629,571 -
7 62,629,571 - - 62,629,571 -
8 62,629,571 - - 62,629,571 -
9 62,629,571 - - 62,629,571 -
10 62,629,571 9,993,094 905,113 73,527,777 -


If Investment Costs Increas
Working Fixed
Total
Benefits
Recovery Recovery
0 - - - - 22,015,200
1 41,753,047 - - 41,753,047 -
2 52,191,309 - - 52,191,309 -
3 62,629,571 - - 62,629,571 -
4 62,629,571 - - 62,629,571 -
5 62,629,571 - - 62,629,571 -
6 62,629,571 - - 62,629,571 -
7 62,629,571 - - 62,629,571 -
8 62,629,571 - - 62,629,571 -
9 62,629,571 - - 62,629,571 -
10 62,629,571 9,993,094 905,113 73,527,777 -

If Revenue Decreases by 10%
Total Cost
Costs Before Tax
Profit Tax
- - 20,013,818 - 20,013,818 (20,013,818)
- 33,703,231 33,703,231 1,809,851 35,513,082 3,874,511
- 41,381,617 41,381,617 2,984,199 44,365,816 5,590,561
- 49,095,668 49,095,668 3,997,213 53,092,881 7,270,946
- 49,192,672 49,192,672 4,022,802 53,215,474 7,173,942
2,567,000 49,294,526 51,861,526 4,046,694 55,908,220 4,505,088
- 49,401,473 49,401,473 4,108,496 53,509,970 6,965,141
- 49,513,768 49,513,768 4,069,193 53,582,961 6,852,846
- 49,631,677 49,631,677 4,027,925 53,659,602 6,734,937
- 49,755,481 49,755,481 3,984,593 53,740,075 6,611,133
- 49,885,476 49,885,476 3,939,095 53,824,571 17,379,344
IRR 28%
22,744,379 NPV 22,744,379
1,089,938

If Operating Costs Increases by 10%
Total Cost
Costs Before Tax
Profit Tax
- - 20,013,818 - 20,013,818 (20,013,818)
- 37,073,555 37,073,555 1,809,851 38,883,405 4,679,493
- 45,519,779 45,519,779 2,984,199 48,503,978 6,671,530
- 54,005,235 54,005,235 3,997,213 58,002,448 8,624,336
- 54,111,939 54,111,939 4,022,802 58,134,742 8,517,632
2,567,000 54,223,979 56,790,979 4,046,694 60,837,673 5,838,592
- 54,341,621 54,341,621 4,108,496 58,450,117 8,287,950
- 54,465,145 54,465,145 4,069,193 58,534,338 8,164,427
- 54,594,845 54,594,845 4,027,925 58,622,769 8,034,727
- 54,731,029 54,731,029 3,984,593 58,715,623 7,898,542
- 54,874,024 54,874,024 3,939,095 58,813,119 18,653,754
IRR 33%
30,104,856 NPV 30,104,856
8,450,415

If Investment Costs Increases by 10%
Total Cost
Costs Before Tax
Profit Tax
- - 22,015,200 - 22,015,200 (22,015,200)
- 33,703,231 33,703,231 1,809,851 35,513,082 8,049,816
- 41,381,617 41,381,617 2,984,199 44,365,816 10,809,692
- 49,095,668 49,095,668 3,997,213 53,092,881 13,533,903
- 49,192,672 49,192,672 4,022,802 53,215,474 13,436,899
2,567,000 49,294,526 51,861,526 4,046,694 55,908,220 10,768,045
- 49,401,473 49,401,473 4,108,496 53,509,970 13,228,098
- 49,513,768 49,513,768 4,069,193 53,582,961 13,115,803
- 49,631,677 49,631,677 4,027,925 53,659,602 12,997,894
- 49,755,481 49,755,481 3,984,593 53,740,075 12,874,090
- 49,885,476 49,885,476 3,939,095 53,824,571 23,642,301
IRR 49%
56,183,340 NPV 56,183,340
34,528,898
Net Benefit
After Tax
(20,013,818)
2,064,660
2,606,362
3,273,733
3,151,140
458,394
2,856,645
2,783,653
2,707,012
2,626,539
13,440,249
10%
1,089,938
Net Benefit
After Tax
(20,013,818)
2,869,642
3,687,331
4,627,123
4,494,830
1,791,899
4,179,454
4,095,234
4,006,802
3,913,948
14,714,659
16%
8,450,415
Net Benefit
After Tax
(22,015,200)
6,239,965
7,825,493
9,536,690
9,414,097
6,721,351
9,119,602
9,046,610
8,969,969
8,889,497
19,703,206
35%
34,528,898
Project Implementation Plan
1. Implementation Plan
2013 2014
Sr.
Type of Activiities
No. Octo Nov Dece Janu Febr March
1 Loan Processing
2 Installation of Electric Power
3 Procurement of Machineries and Equipment
4 Procurement of imported raw materials
5 Erection and installation of Machineries
6 Procurement of Furniture & Equipment
7 Procurement of vehicles
8 Recruitement of Employee
Procurement of raw materials from local
9
market
10 Commencement of operation
2014
April May June July August

Abebech Tsige Laundry Soap Factory Final

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Abebech Tsige Laundry Soap Factory Final

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Abebech Tsige Laundry Soap Project

Pro-forma Invoice Selection

1 Machinary and Equipment

Proforma Invoice 1 Proforma Invoice 2 Proforma Invoice 3

1.2 Steam Boiler

Supplier 1: PreFly Thermal

Proforma Invoice 1 Proforma Invoice 2 Proforma Inv

ISUZU Toyota KUN25L- ISUZU

3 Office Furniture & Equipments

Proforma 1 Proforma 2 Proforma 3

3.2 Office Furniture

Proforma Invoice 1 Proforma Invoice 2

3 Computer Table pcs 1 1 2,700 2,700 1 1 2,650 2,650

4 Shalf pcs - 1 4,500 4,500 - 1 4,450 4,450

Supplier 1: JIGRA Interanational Business

1 Caustic soda Kg 25 25.00 28.75 625 - - - -

Supplier 1: Burayu Packing & printing Industry

Brit Soap machinery Private Ltd

Quantity Unit Price

The Motor &

Existing Planned Total

2 Building and construction

Existing Planned Total

3 Machinary and Equipment

3.1. Existing Machineries and Equipment

3.2. Planned Machineries and Equipment

Ser Unit Cost

Complete Tool kit for installation

Total FOB (USD) 381,000

Port handling, clearing, forwarding

Total (in ETB)

Civil work and labour charges for

Total Installation Cost (in ETB)

Exechang rate as at September 17, 2013

Existing Planned Total

5 Office Furniture and Equipment

Existing office furniture and

Existing Planned Total

A Planned Working capital - 5,960,391 5,960,391

Sub total - 5,960,391 5,960,391

Summary of Investment Cost

Existing Planned Total

II. Source of fund

III. Expected Financial results

IV. Sensitivity Analysis

Description IRR Before Tax IRR After Tax

When Revenue decreased By 10% 28% 10%

1 Basic Assumptions Held

Working days (per annum) 275 Days

2 Production and Revenue Forecast

2.1 Production and Revenue Estimate at Full Theoretical Capacity

100gm 2.45 24,500 25%

2.2 Production and Revenue Estimate at Different Capacity Utilization Rate

Total Annual Production of Various Product (

3.1. Raw Material Requirement

Imported Raw Materials

3.2. Packing material

Holding Total Anuual

100gm Pieces 100 4,324,500

Machinery power requirement Per

3.6. Fuel, Oil and Lubricant

Description Quantity KM/Year Lt / Km

Toyota HI-LUX 1 60,000 0.20