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1. Prologue:
1.1Origin of the report:
The business plan on Luminous™ automatic car washing company has been
prepared for XXX XXX XXX (Course instructor of Entrepreneurship
Development and Small Business Management) as a partial requirement of
the course Entrepreneurship Development and Small Business Management.
Real life does not go all the time like the theories and practical world is very
critical and diverse. To understand the theoretical aspects of a subject one
must understand the practical situation, problems, policies and implications
of the theories. So the researchers were asked by the respected Course
instructor to prepare a report in the very first class of this semester. Course
instructor assigned this report understand what are the policy, procedure and
steps that is to be taken to establish a new company which will offer a new
innovative product or service. This report emphasizes on preparing a
business plan, which is the outcome of an integrated process of making
future plan for managing different organizational functions.
1.2 Objectives:
The primary objective of this business plan is to analyze the real situation and
process of establishing a new business. This business plan will also furnish
the opportunity to prepare a real business report that will help the
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Primary sources:
The important data and information about this report was collected by
interviewing personnel of several petrol pumps. The primary source includes
the interviews of Manager, technical hands, and other employees of various
filling stations and petrol pumps. The Manager, technical hands, and other
employees responded to the questions asked by the researchers during the
visit to their company. The researchers discussed with them and they
answered various questions about the activities, specially the process of car
washing of the company. A lot of information was collected from them. The
researchers have also collected information from the customers. The
researchers have also asked questions to the people who might be the
customer in future.
• Secondary sources:
1.4 Methodology:
The report is mainly based on the primary sources of information. Most of the
information was gathered by interviewing different personnel of various
petrol pumps in Dhaka. The basis of the report are-
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The business plan of The Luminous™ automatic car washing company has
been prepared for Ms. Jesmin Sultalna (Course instructor of Entrepreneurship
Development and Small Business Management, MHR- 303) as a partial
requirement of the course Entrepreneurship Development and Small Business
Management. So the report mainly provides information about how to start
select and run new business that will provide a service that is innovative. It
provides-
business.
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plan.
Limitations:
Every time there is some problems while preparing a report. In this report the
researchers also faced some problems while gathering information. Most of
the problems are like as follows:
• Company personnel have not disclosed all the information needed to
prepare the report in the best manner due to their company policies.
• The petrol pumps were not ready to disclose their actual costing and profit
margin.
• As it is an innovative service, there is no existing company of exactly this
type of service from whom a practical view can be taken.
• The primary data received from the officials could not be verified and
might be biased.
• The company’s personnel were very much busy. Although they tried a lot,
they were not able to give enough time in the Rush hours. It was another
reason that acted as an obstacle while gathering data.
For these reasons there are some limitations of the report. In spite of all this
limitations the researchers has tried with our best to prepare the report in a
presentable and faithful manner.
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The world is changing day by day. Modern technologies are coming close to
people’s life more quickly and easily. People are getting more and busier. In
the recent days car is not thought as a luxury item. In this busy life a car is a
necessary item of life. In last 10 years, the population of cars has increased
many folds. So, the Car Wash industry has grown rapidly. In today’s context
the owners themselves drive most cars and would any day prefer to have a
quick car wash, rather than leaving the car the whole day at service station.
It is not convenient for them to leave the car for a whole day to wash the car.
So, rather than the ordinary hand wash, it is necessary to find a way to wash
the car by a sophisticated high impact pressure jet wash technology. Owning
and running a car wash these days, is not just a mere business but, it is one
of the most lucrative and respected business.
Automatic car wash is the modern way in which the cars are not washed by
hands. In this new technology the cars are washed by a sophisticated high
impact pressure jet wash technology.
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process nobody will use hand to wash the car. The total process is automated
and the machines will do the duty of cleaning instead of the hands of the car
washing people.
At present, we are Bangladesh based service provider of car wash, bus wash
and truck wash. We have also developed a new two wheeler wash system,
which can accommodate all types of two wheeler vehicles. Our equipments
use high-pressure water for cleaning. We also use friction / brush type of
equipments with specially made soft brushes that don’t scratch our
customer’s car paint.
3. Marketing segment:
3.1 Marketing
research:
At first we had to survey and collect data to select the market area. We have
surveyed in different places and different people. We took their opinion about
when and where they want the service. We have asked the Municipal
Corporation of our city, if they are planning to start some project which may
affect the car population in our business locality in near future (Building of fly
over, by - pass, etc.). At last we have decided that we will establish our
Luminous™ automatic car washing company on Air port road. Because it a
main road. Owners of the bus, truck, private car, every vehicle, which are our
clients, will be available in this road very much.
This place is also near to Gulshan, Banani, Baridhara, Uttara, Mohakhali etc
areas. We all know that the people living in these areas are almost all rich
and have a standard lifestyle. So, they can afford and they will be willing to
gat our service for their private cars.
Washable dimensions:
All the people who have a private car and all the bus and trucks are our
target market. As we are the only provider of this service in our country, we
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We are targeting all the people who have a car to be our customer. Like, the
private car owners are our customers. All the private cars in Dhaka city are
our expected targets. We will try to get all of them. Again, we do not only
serve the private cars. We have the capacity of washing the buses and
trucks. All the buses and trucks are also our target customers. They can wash
their car from us within a few minutes. So there will be no waste of time for
the clients.
3.1.4) Competition:
For advertising we have to use several media. Because it’s a new business in
our country and people are not aware of this service yet. So we have to
advertise more to make them aware of this new opportunity of car wash. The
process of our advertising is given below.
3.2.2) Pricing:
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For small trucks and buses we will charge Tk.300 per vehicle.
For large trucks and buses we will charge Tk.350 per vehicle.
No credit is given by the Luminous™ automatic car washing co. After washing
the car, the customer will check the car for his/ her satisfaction. If there is
any problem or objection then that will be solved. And finally the payment
will be done before the delivery of the car.
Though we do not give any concession, but there is an option. That is like a
company agrees to wash their 20 buses 5 times a month, and then there will
be a 10% discount. Also some facilities will be given to the regular customers.
• Strength:
• Weakness:
• This is not a well-known process yet.
• This process is little bit costly than hand wash.
• There is only one washing zone. Many cars may find it distant from its way.
• Opportunity:
• There is a scope for expansion of new branches.
• As it is a technology-based age, this process might become more popular.
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• In this new technological time people might find the hand washing system
obsolete very soon and realize the automatic car wash only solution.
• Threat:
• People might not take this new change very soon and they might prefer to
go to the hand wash system.
• It might be very costly to make people aware of this new opportunity.
• Many new companies might find it profitable and enter into the business.
4) Manufacturing segment:
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Room length: 3 m
Room Width: 3 m
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As raw material, we would mainly need the detergent and other washing
solutions. We would like to have a regular supplier of our needed materials.
5.1) Ownership:
Managing Director
(Tahmina Haque)
Manager Machine
, Operato
Account r
Assistant to the
operator-2
person
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In addition there will be permanent two cleaner and two watchmen and also
some temporary worker who will work on daily basis.
The six founders of the Luminous™ automatic car washing Company will be
the main authority of the company. All of them are the member of board of
directors and Ms. Tahmina Haque will be the Managing Director of the
company.
Mr. Galib Farrokh will be the director of Finance and Accounts Department. All
the accounts and financial activities will be in his charge. Budget planning,
insurance, dealing with bank, financial forecasting etc will be his duty. By
owning 16% share, he is also one of the owners of the Luminous™ automatic
car washing co. The person looks after the entire finance division. Takes
assistances from finance manager and the chief accountant to prepare
financial planning for the company and helps the company to maintain good
relation with bank and other financial institutions.
Mr. Rahat Alam and Mr. Mehedi Alam will be the marketing director of the
Luminous™ automatic car washing company. They will look after the
marketing as well as the advertising and sales sector. Both of them own 16%
of the company each. They are the persons in charge of the marketing
division. They communicate and maintain the relationship with related
industries as well as different most important clients around the country.
Negotiating of business deals is also their responsibility.
Ms. Syeda Israt Afroz will be the Director, Human Resource. She will be in
charge of the employees. The recruitment, selection, compensation and other
activities related to the human resource will be in her charge. She is the
owner of 16% of the Luminous™ automatic car washing company’s share.
She is the person responsible for the H.R department. He with the help of
managers and deputies chocks out the H.R processes of the entire industry.
Mr. Samsul Islam looks after the operational activities. Actually he will look
after the operations of washing and also supervise the employees. He will
also own 16% of the share. This person is in charge of the daily production
operations.
And finally Ms. Tahmina Haque will be the Managing Director of the
Luminous™ automatic car washing co by owning 20% shares. She would co-
ordinate all the departments and performs the decision making task mainly.
She will also take part in the financial activities. She is the most important
person in the company. She helps to control and coordinate other managers
and evaluates the performances of other managers.
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The Luminous™ automatic car washing company will establish under the
company law (1994) which will fully owned by the six members of the board
of directors. They are the only shareholder and beneficiary of the company.
No share will offer to the share market as it will be a private limited company.
No full time legal advisor will be appointed. They will hire when it is
necessary. Like, in the beginning a legal firm will be hired to complete the
formalities to establish the company.
Not long ago, key personnel could be hired with a handshake; the unwritten
compact between employer and employee included mutual expectations of
loyalty, trust and long-term commitment. Now, as companies find they must
depend on increasingly transient executives, managers and technical
employees, all parties are asking for protection in the business equivalent of
the “prenuptial” – the employment agreement.
Employment agreements take many forms – from “sign and return” offer
letters to fully comprehensive contracts. What these agreements should
accomplish – to one extent or another – is to allow the parties to begin and
end the employment with a clear understanding of their rights and
responsibilities. Set forth below are three types of terms employment
agreements might include:
While good feelings prevail is much easier than sorting out vagueness during
a difficult exit. Note that the offer letter is often only a shorthand statement
of the terms. Additional thinking, and writing, is often required to produce a
satisfactory definitive agreement. Key areas to consider include:
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o Relocation:
Our agreement will little more than state the amount of annual vacation, and
assure provision of health, disability, life insurance coverage in an employer-
sponsored program, as well as participation in its retirement benefits.
However, particularly for the senior executive, more detail is required.
Executive benefits may include enhanced life and disability insurance
coverage, defense and indemnification coverage, participation in non-
qualified retirement plans, change of control protection and so forth.
Key employees are often required to protect and not disclose, or use
detrimentally, the employer’s confidential information. The protection always
runs during and generally after employment.
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business plans. Trade secrets are protecting able even if the underlying
information would not meet standards of copyright or patent protection. Once
public, the information is, of course, no longer confidential, and so the
employee should not be bound to protect information that becomes public
through no fault of the employee. Agreements may contain “carve-outs”
addressing ways confidential information may become public, and thus
releasing the employee from the obligation to protect that information.
• Assignments of Inventions:
Key employees are often asked to provide covenants not to compete. During
employment, the covenant is consistent with an employee’s duty of loyalty to
the employer, and breach may serve as grounds for termination for cause.
More controversial are the post-employment covenants, as these may in
effect restrict an employee’s access to a new job. However, an employer may
impose reasonable limitations such that its trade secrets and confidential
information not be used competitively against it. Both the employer and
employee benefit from analyzing realistically the scope of a post employment
covenant. If the employer insists on, or carelessly permits, protection so
broad so as perhaps to prevent the employee from earning a living, the
covenant may not be enforceable. Courts tend to side with employees unless
the employer can show that the employee has a specialized talent or
knowledge that arguably could be used to its competitive detriment.
Furthermore, covenants are more likely to be enforced if narrowly drafted,
e.g., to prevent an employee from soliciting certain customers or clients,
from working for a direct competitor, and/or from working within a specific
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Either side may wish to be able to “walk away” from the relationship merely
by giving notice, a so-called termination “without cause”. This tends to
benefit an employer as it can terminate on short notice without stating a
reason, perhaps because of change in a company’s strategy, or because the
employee’s performance was marginal. Employees often negotiate for a
period of notice and severance pay. If the employee exits during the
employment term, the severance is typically forfeited, although some
agreements provide that a significant reduction in responsibility is effectively
a termination and grounds for the employee to leave without forfeiting
severance.
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before the “marriage” has even begun. However, as many employers, and
employees, have learned, a failure to come to terms beforehand can lead to
time-wasting controversy during the employment and, all too often, litigation
after it has ended.
The six founder members are the member of board of directors. They have
the core responsibility to take any decision about the Luminous™ automatic
car washing company. The board of directors of the company will consists of
six main people.
The Luminous™ automatic car washing company will not employ any full time
audit firm. The Luminous™ automatic car washing company will hire the
Audit companies for their annual report ant budgeting on a contractual basis.
No full time legal advisor will be appointed. They will be hired when it is
necessary. Like, in the beginning a legal firm was hired to complete the
formalities to establish the company.
The company initially will like to hire professional people as consultants for
gather their valuable advice. The company also would think to higher quality
professional in different needs both from local and foreign fields.
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The process of the service will be very simple. The cars will enter into the
machine, and water will be sprayed. After that the machine will wash the car
with necessary washing solutions and detergents. Then the car will be
washed again by water. Finally the car will be dried by hot air and the car will
come out, neat and clean.
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This is special spray arch, equipped with low discharge, wide coverage
nozzles. The pre wash arch sprays water initially over the vehicle to soak the
hard mud stains, salt deposits, bird drippings etc.
Soap system sprays soap and chemical formulation over the car surface.
Soap spraying assists the high-pressure washing and enhances the cleaning
value.
Special high-pressure nozzles located at wheel level remove darts from hard
to clean areas near the wheels. Special plunger pump, which enhances the
pressure to knock off dirt from wheel and rocker panel areas.
After the high pressure rinsing is over, wax is sprayed on the vehicle surface
to give them a shiny finish. There are two types of wax systems- silicon wax
system and triple foam wax system. Any one can be provided as needed.
These two systems are described in the next page:
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Silicon wax system: silicon wax is sprayed on the car surface. The silicon
wax is sprayed all over the car using special atomizing nozzles, after the
washing cycle. Although wax formulation gives instant shine and protection,
in addition, it softens the hard rubber wipers and beading of the car.
Secondly it is water repellant and hence avoids staining of glasses due to
droplet formulation.
Triple foam wax system: Triple foam wax commonly known as tri wax,
which contains three-colored wax, which is sprayed on the vehicle. The foam
created on the vehicle surface gives a sense of satisfaction to the customer,
for which he is paying for. The triple foam wax is sprayed by special foam
generating nozzles. A high-pressure pass washes off the foam created on the
vehicle surface.
• Unknown field: the main problem that we will face is the problem of
lack of popularity. The automatic car washing is not very much popular
by now. Many people even do not know what the automatic car wash
is. So it will be difficult to make them aware of our service.
• Unskilled work force: At the initial stages the industry may not find
proper skilled workers or even labors to operating purpose. It may
cause some negative changes to the companies desired output.
• Entering the market: The target group of customer for the company
will be available from the local area. We expect that we will be able to
reach the desired segments, but the volume that we have estimated
for our service may not match initially. On the other hand, the other
normal car washing companies will never let us have any advantage.
So we have to be very careful and aware about the steps of the
marketing.
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to be accurate and proper, for the strike problems we may not be able
to get customers within schedule time.
To protect the firm from all of these difficulties we will be following steps:
8) Financial Management:
The main function of the finance and accounts department will be the too
keep records of daily cash transaction, budget construction, ratio analysis,
preparing cash flow of income statement, balance sheet, maintaining of cash
book, accounts payable records, loan management, customer billing records,
payroll records etc.
We have estimated that the required capital for the automatic car washing
plant need around Taka: 25,000,000. And most of the amount needed to be
financed will be raised by the owners of the Luminous™ Automatic Car
Washing Co.; related data are shown in the table below:
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For the 1st year most of the fund will be used for starting, installation and
beginning of the project. These includes, land acquisition, purchasing of
equipments, license & tax insurance premium, legal and audit fees and other
operating expenses. We will spend most of the amount of money in
acquisition of land and in purchasing equipment of washing plant. The
amounts are given below:
(-) Cash
Disbursement (cash
out)
Management Salaries 17000 17000 17000 17000
Other salaries & 18000 18000 18000 18000
wage
Legal & Audit Fees 10000 -- -- --
Utilities 1000 1500 1500 2000
Telephone 500 500 500 500
Repair & 500 500 1000 1000
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Maintenance
Licenses & Tax 25000 -- -- --
Insurance 2000 2000 2000 2000
Other operating exp. 5000 6000 7000 8000
Payment for 10000000 -- -- --
purchasing
equipment
Payment for 13000000 -- -- --
acquisition of land
Interest expenses 50000 50000 50000 50000
(12%)
Income Tax (25%) -- -- -- --
Dividends Paid -- -- -- --
Total Cash Out 23129000 95500 97000 98000
(-) Cash
Disbursement (cash
out)
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0
Cash Sales 220000 200000 210000 220000 2380000
Total Cash In 2921000 3014000 3116000 3226000 2738000
0
(-) Cash
Disbursement (cash
out)
Management Salaries 17000 17000 17000 17000 204000
Other salaries & wage 18000 18000 18000 18000 216000
Legal & Audit Fees -- -- -- -- 10000
Utilities 4000 4000 4500 4500 32000
Telephone 500 500 500 500 6000
Repair & Maintenance 3000 3500 3500 3000 24500
Licenses & Tax -- -- -- -- 25000
Insurance 2000 2000 2000 2000 24000
Other operating exp. 12500 13000 14500 16500 124000
Payment for -- -- -- -- --
purchasing
equipment
Payment for -- -- -- -- --
acquisition of land
Interest expenses 50000 50000 50000 50000 600000
(12%)
Income Tax (25%) -- -- -- 778625 778625
Dividends Paid -- -- -- 300000 300000
Total Cash Out 107000 108000 110000 1190125 2534412
5
Surplus/Deficit 2814000 2906000 3006000 2035875 2035875
Closing Cash
Balance
Income Statement
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Balance Sheet
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(-) Cash
Disbursement (cash
out)
Management Salaries 20000 20000 20000 20000
Other salaries & 19000 19000 19000 19000
wage
Legal & Audit Fees -- -- -- --
Utilities 4500 5000 5000 5500
Telephone 1000 1000 1000 1000
Repair & 2500 3000 3000 3500
Maintenance
Licenses & Tax -- -- -- --
Insurance 2000 2000 2000 2000
Other operating exp. 17000 18000 19000 20000
Payment for -- -- -- --
purchasing
equipment
Payment for -- -- -- --
acquisition of land
Interest expenses 50000 50000 50000 50000
(12%)
Income Tax (25%) -- -- -- --
Dividends Paid -- -- -- --
Total Cash Out 116000 118000 119000 121000
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balance
Cash Sales 220000 230000 240000 240000
Total Cash In 2651875 2761875 2879875 2996875
(-) Cash
Disbursement (cash
out)
Management Salaries 20000 20000 20000 20000
Other salaries & 19000 19000 19000 19000
wage
Legal & Audit Fees -- -- -- --
Utilities 5000 5500 6000 6000
Telephone 1000 1000 1000 1000
Repair & 3000 3500 4000 2000
Maintenance
Licenses & Tax -- -- -- --
Insurance 2000 2000 2000 2000
Other operating exp. 20000 21000 21000 22000
Payment for -- -- -- --
purchasing
equipment
Payment for -- -- -- --
acquisition of land
Interest expenses 50000 50000 50000 50000
(12%)
Income Tax (25%) -- -- -- --
Dividends Paid -- -- -- --
Total Cash Out 120000 122000 123000 122000
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(-) Cash
Disbursement (cash
out)
Management Salaries 20000 20000 20000 20000 240000
Other salaries & wage 19000 19000 19000 19000 228000
Legal & Audit Fees -- -- -- -- --
Utilities 5500 5000 5500 6000 64500
Telephone 1000 1000 1000 1000 12000
Repair & Maintenance 2500 3500 3000 3000 36500
Licenses & Tax -- -- -- -- --
Insurance 2000 2000 2000 2000 24000
Other operating exp. 22000 20000 22000 23000 245000
Payment for -- -- -- -- --
purchasing
equipment
Payment for -- -- -- -- --
acquisition of land
Interest expenses 50000 50000 50000 50000 600000
(12%)
Income Tax (25%) -- -- -- 846500 846500
Dividends Paid 300000 300000
Total Cash Out 122000 120500 122500 1270500 2596500
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Income Statement
Balance Sheet
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(-) Cash
Disbursement (cash
out)
Management Salaries 21000 21000 21000 21000
Other salaries & 20000 20000 20000 20000
wage
Utilities 6000 6500 6500 7000
Telephone 1000 1000 1000 1000
Repair & 3000 3500 3500 4000
Maintenance
Insurance 2000 2000 2000 2000
Other operating exp. 24000 24000 25000 25000
Interest expenses 50000 50000 50000 50000
(12%)
Income Tax (10%) -- -- -- --
Dividends Paid -- -- -- --
Total Cash Out 127000 128000 129000 130000
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(-) Cash
Disbursement (cash
out)
Management Salaries 21000 21000 21000 21000
Other salaries & 20000 20000 20000 20000
wage
Utilities 6000 5000 5000 4000
Telephone 1000 1000 1000 1000
Repair & 4000 4000 4000 4000
Maintenance
Insurance 2000 2000 2000 2000
Other operating exp. 26000 25000 26000 25000
Interest expenses 50000 50000 50000 50000
(12%)
Income Tax (25%) -- -- -- --
Dividends Paid -- -- -- --
Total Cash Out 130000 128000 129000 127000
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(-) Cash
Disbursement (cash
out)
Management Salaries 21000 21000 21000 21000 252000
Other salaries & wage 20000 20000 20000 20000 240000
Legal & Audit Fees -- -- -- 10000 10000
Utilities 3000 4000 5000 5000 63000
Telephone 1000 1000 1000 1000 12000
Repair & Maintenance 3000 3000 2000 3000 41000
Insurance 2000 2000 2000 2000 24000
Other operating exp. 25000 27000 28000 30000 310000
Interest expenses 50000 50000 50000 50000 600000
(12%)
Income Tax (25%) -- -- -- 977000 977000
Dividends Paid -- -- -- 400000 400000
Total Cash Out 125000 128000 129000 1519000 2929000
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Income Statement
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Balance Sheet
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(-) Cash
Disbursement (cash
out)
Management Salaries 23000 23000 23000 23000
Other salaries & 21000 21000 21000 21000
wage
Legal & Audit Fees -- -- --
Utilities 4000 3000 3000 3000
Telephone 1000 1000 1000 1000
Repair & 3000 4000 4000 3000
Maintenance
Insurance 2000 2000 2000 2000
Other operating exp. 30000 25000 26000 24000
Interest expenses 50000 50000 50000 50000
(12%)
Income Tax (25%) -- -- -- --
Dividends Paid -- -- -- --
Total Cash Out 134000 129000 130000 127000
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(-) Cash
Disbursement (cash
out)
Management Salaries 23000 23000 23000 23000
Other salaries & 21000 21000 21000 21000
wage
Legal & Audit Fees -- -- -- --
Utilities 4000 3500 4000 3500
Telephone 1000 1000 1000 1000
Repair & 3000 3000 4000 4000
Maintenance
Insurance 2000 2000 2000 2000
Other operating exp. 25000 25500 26000 25500
Interest expenses 50000 50000 50000 50000
(12%)
Income Tax (25%) -- -- -- --
Dividends Paid -- -- -- --
Total Cash Out 129000 129000 131000 130000
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(-) Cash
Disbursement (cash
out)
Management Salaries 23000 23000 23000 23000 276000
Other salaries & wage 21000 21000 21000 21000 252000
Legal & Audit Fees -- -- -- 10000 10000
Utilities 4000 4000 5000 5000 46000
Telephone 1000 1000 1000 1000 12000
Repair & Maintenance 3500 3500 3500 3500 42000
Insurance 2000 2000 2000 2000 24000
Other operating exp. 26000 26000 27000 29000 315000
Interest expenses 50000 50000 50000 50000 600000
(12%)
Income Tax (25%) -- -- -- 956000 956000
Dividends Paid -- -- -- 400000 400000
Total Cash Out 130500 130500 132500 1500500 2933000
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Income Statement
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Balance Sheet
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(-) Cash
Disbursement (cash
out)
Management Salaries 23000 23000 23000 23000
Other salaries & 21000 21000 21000 21000
wage
Legal & Audit Fees -- -- -- --
Utilities 4000 5000 4000 5000
Telephone 1000 1000 1000 1000
Repair & 3000 3000 3000 5000
Maintenance
Insurance 2000 2000 2000 2000
Other operating exp. 27000 27000 25000 28000
Interest expenses 50000 50000 50000 50000
(12%)
Income Tax (25%) -- -- -- --
Dividends Paid -- -- -- --
Total Cash Out 131000 132000 129000 135000
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(-) Cash
Disbursement (cash
out)
Management Salaries 23000 23000 23000 23000
Other salaries & 21000 21000 21000 21000
wage
Legal & Audit Fees -- -- -- --
Utilities 5000 4000 4000 3000
Telephone 1000 1000 1000 1000
Repair & 2000 2000 3000 2000
Maintenance
Insurance 2000 2000 2000 2000
Other operating exp. 26000 25000 22000 22000
Interest expenses 50000 50000 50000 50000
(12%)
Income Tax (25%) -- -- -- --
Dividends Paid -- -- -- --
Total Cash Out 130000 128000 126000 124000
47 inous
Lum
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Business Plan
(-) Cash
Disbursement (cash
out)
Management Salaries 23000 23000 23000 23000 276000
Other salaries & wage 21000 21000 21000 21000 252000
Legal & Audit Fees -- -- -- 10000 10000
Utilities 4000 4000 5000 6000 53000
Telephone 1000 1000 1000 1000 12000
Repair & Maintenance 2000 4000 4000 5000 38000
Insurance 2000 2000 2000 2000 24000
Other operating exp. 23000 24000 26000 27000 302000
Interest expenses 50000 50000 50000 50000 600000
(12%)
Income Tax (25%) -- -- -- 1030000 1030000
Dividends Paid -- -- -- 300000 300000
Total Cash Out 126000 129000 132000 1475000 2897000
48 inous
Lum
™
Business Plan
Income Statement
49 inous
Lum
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Business Plan
Balance Sheet
50 inous
Lum
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Business Plan
51 inous
Lum
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Business Plan
Ratio Analysis:
52 inous
Lum
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Business Plan
53 inous
Lum
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