together as one

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526 LION DRIVE

CHIREDZI,

ZIMBABWE

031-3015

[email protected]

EXECUTIVE MANAGING DIRECTORS: Munyangiri N. Enerst and Faith J. Mhike

FINANCE MINAGER: Gaza .S. Tapiwa

MARKETTING MANAGER: Tserai Tatenda

HUMAN RESOURCE MANAGER: Moyana Glagys

Date: 17/04/2015

Prepared by : netobouy

the

journey

Continues

with MHI

And

mailto:[email protected]

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TABLE OF CONTENTSPage number

CHAPTER 1

Executive Summary…………………………………………………………………………………………………………………. 4

Vision Statement………………………………………………………………………………………………………………………. 4

Mission Statement…………………………………………………………………………………………………………...........4

Objectives…………………………………………………………………………………………………………………………………. 4

Company Overview…………………………………………………………………………………………………………………… 5

CHAPTER 2

Product and Services …………………………………………………………………………………………………………………. 5

Market Position………………………………………………………………………………………………………………………….. 6

Research and Development……………………………………………………………………………………………………….. 6

CHAPTER 3

Marketing Plan ………………………………………………………………………………………………………………………….. 7

Industrial Analysis………………………………………………………………………………………………………………………. 7

Customer Demographics……………………………………………………………………………………………………………. 7

Customer Management……………………………………………………………………………………………………… …….. 7

Marketing Strategy and Distribution…………………………………………………………………………………………8-9

SWOT Analysis………………………………………………………………………………………………………………………….. 10

Competitors……………………………………………………………………………………………………………………………... 11

Competitor Details………………………………………………………………………………………………………………. ….. 11

CHAPTER 4.

Management Plan ………………………………………………………………………………………………………………….. 12

Required Staff………………………………………………………………………………………………………………………… 12-13

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Recruitment option…………………………………………………………………………………………………………………….13

Training Option…………………………………………………………………………………………………………………………..13

Skill Retention……………………………………………………………………………………………………………………………..13

Motivation and Retention…………………………………………………………………………………………………………..13

CHAPTER 5

Operating Plan……………………………………………………………………………………………………………………………..……14

Operating hours…………………………………………………………………………………………………………………………….….14

Production Process……………………………………………………………………………………………………………………….…..14

Suppliers……………………………………………………………………………………………………………………………………….... 14

Plant and equipment………………………………………………………………………………………………………………………...15

Inventory…………………………………………………………………………………………………………………………………………...15

Technology and Software…………………………………………………………………………………………………………………..15

Communication Channel……………………………………………………………………………………………………………………16

CHAPTER 6

Payment Types…………………………………………………………………………………………………………………………………….16

Credit Policy……………………………………………………………………………………………………………………………………….16

Warranty and Refund…………………………………………………………………………………………………………………………16

Quality Control…………………………………………………………………………………………………………………………………….16

Action Plan…………………………………………………………………………………………………………………………………………..16

Sustainability……………………………………………………………………………………………………………………………………,,..16

Environmental impact………………………………………………………………………………………………………………………,,16

Community Impact…………………………………………………………………………………………………………………………….16

Risk and Constraint ……………………………………………………………………………………………………………………………16

Strategies…………………………………………………………………………………………………………………………………………..16

Action Plan…………………………………………………………………………………………………………………………………………17

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CHAPTER 7

Financial Plan………………………………………………………………………………………………………………………………………19

Statements of Comprehensive income ………………………………………………………………….……………………..19-21

Financial Requirement………………………………………………………………………………………………………………………….21

Appendix …………………………………………………………………………………………………………………………………….….22-23

EXECUTIVE SUMMARY.

Metrohill investments is a family apparel business. The company aimsto offer motor vehicle spares and accessories needed by customers sothat their journeys and businesses continue. The shop will be open forsix days per week (Monday to Saturday) from 8am to 5pm. The itemswhich we will be selling include genuine used and new motor spareparts of light motor vehicles and heavy duty vehicles such as tractorsand Lorries (U.D). Also our consumers have an option to buy motorspares in bulk giving the customers an added advantage of purchasinggoods at reasonable prices.

The store will be situated in the town of Chiredzi near the CBD. Itslocation is aimed to attract customers from Triangle Estate and Hippovalley estate now under Tongaat Hullet, Mkwasine estate, A1 and A2farmers from near the above estates, chisumbanje Ethanol Plant orGreen fuel, Gwachara plots, and local or surrounding customers.Chiredzi is increasingly becoming one of the small towns with a highrate of car-owners therefore this means that the customer base ishigher and the purchasing power is great since the sphere of influenceis very great.

Therefore the future expansion of the business operations can actuallybe enhanced because the business environment is quite conducivebecause competition within the town is actually low because there area few motor spares and accessories shops as compared to other towns.Therefore/ Henceforth in future the company will diversify into otherservices such as fitting in of our spare parts at reduced prices , carservicing and car importation .

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VISION STATEMENT.

Our vision will be making our company the biggest reliable sellingmarket reaching all the areas in Chiredzi District and Zimbabwe atlarge so as to make the journeys of our customers continue and expandto be a nationwide first choice motor spares shop.

Mission Statement.

To become the leading distributor and supplier of genuine motor sparesat competitive prices to the nation, focusing on customer satisfactionin four areas, namely: Quality, Price, Availability and Service.

Company Objectives

To offer high quality and genuine motor spare parts to

customers.

To advance the easy accessibility of spare parts to the

local firms and customers.

To penetrate the market by targeting influential firms and

customers.

Generate internal cash flow that will be used to fuel

continued growth.

Expand our product line and enter into new markets like

fitting.

Maintain long relationships with our customers in order to

provide us with recurring and predictive revenue.

Company Overview

Metrohill investments is a trading company which is involved in

sourcing and supplying of quality and genuine (used /new) motor

~ 6 ~

vehicle spares and it will start its operation on the 1st of

September 2015.. We will be located in Chiredzi, in Masvingo

province, 800 meters from the Central Business District and we have

already established a good customer base in and around Chiredzi

community where we will be supplying various motor vehicles

spares. We have therefore committed ourselves to the quality

sourcing and supplying of both motor vehicle and agricultural

machinery spares. As Metrohill we boast of highly qualified and

experienced staff that has a strong background in the motor spare

industry with regards to sourcing and supplying of quality motor

parts. A good number of our staff has great experience especially

in the line of Toyota brand, which we believe it constitutes a

bigger percentage of our local automotive industry. Their

experience spans about 10-17 years as both sales person and

buyers. All this experience in the line of Toyota is practically

backed by our staff’s achievements in the Toyota National and

Regional (African) skills contests/completion. We have also

dedicated and committed ourselves to the importation of parts as

far as from Japan, Dubai, China, South Africa etc.

Also the business will have 6 employees to start off with and abovethem there will be the board of directors who will manage the day today running of the business.

PRODUCTS SERVICE.

DESCRIPTION.

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The company offers to provide basically genuine used and new motorspares and accessories of a variety of vehicles ranging from lightmotor vehicles such as Mazda, Toyota, and Nissan to heavy dutyvehicles such as U.D Trucks, Renault Trucks and Volvo Trucks. Theproducts include shocks , bearings , front and rear view mirrors ,head and tail lamps , air and oil filters , windscreens , hydraulicquadrant, ignition switch ,door glass, water pumps , tie rod (end ,inner) , rear and front shock absorbers ,radiators and others.

Type ofvehicle

Part Description /Part number

Price for New(U.S $)

Price forUsed( U.S $)

Nissan Terrano Front shocksAbsorber / OEM 54050-0W001

55 30

Nissan Terrano Rear shocks /2.4 2.72 55 30

Toyota Hilux Upper ball joints/ YN5LN5 RWD

40 25

Toyota Hilux Lower balljoints/KBJ5327

40 25

Mazda 3 Radiator / 1.6 tdci 220 150

Mazda 3 Water pump / 5 6 2.0TD RF7J

150 110

Tractor(MasseyFerguson)

Hydraulic Quadrant /MF 300 Series

100 70

Tractor(Ford )

Ignition Switch / 135MkIII

15 10

UD Truck Bearings / B008J4C4J0 35 25

Toyota Yaris Sump gasket / CP10 1.3 10 5

Market Position.

Our company will be focusing much on budgeting and competitiveproducts. Our products will be able to compete with South East Toyota,

~ 8 ~

Amtec, Tebrite Investments, because most of our products are $20cheaper and they are genuine. Sometimes their spares that are notgenuine have the same price with our used genuine spares , while someof such products has the same prices with our new genuine spares. Forinstance at Tebrite Tie rod ends that are not genuine are 30 dollars,the same price with our second hand tie rod ends. While at Amtec aradiator that is not genuine has the same price with ours. While theabove companies does not have discount facilities at our company anyindividual person who will buys spares which cost more than aUS$1000 dollars will have a discount of 10% while companies such asestates will get the same discount if they buy spares of more than US$8 000.

Also given the bad state of the roads everyday there are a lot ofbreakdowns and that also increases our market.

Research and Developments Innovation activities.

Metrohill Investments will be training staff members through staffdevelopment courses and also by giving incentives to actually motivateour employees. Our staff members will also participate in the nationalcompetition usually spearheaded by croco motors, the competition isall about who knows motor spares better than the other. Also l willensure good communication amongst the employers and the employeesthereby creating a conducive environment which will later on bring newideas for the growth of the business. Our innovations will beprotected by signing confidentiality agreement.

Market Plan.

In order to come up with our business we embarked on bothparticipatory and none participatory observation and the outcome ofthe observation was that people are willing to spend much on theirvehicles since they facilitate lot things in the area for instancesmooth running of agricultural activities. Also we have observed thatour products will attract a lot of customers because they are cheaperand genuine as compared to those found at other companies.

~ 9 ~

Industrial Analysis.

Chiredzi district have a high population of car owners. The area havegot long term players such as Hippo valley estate , Triangle Estate,Mkwasine Estate ,Green Fuel, A1 and A2 farmers ,and other localindustries such as Delta , and others. All these shows that theregion’s economy is stable. Also the recent trend in the market arethat most of the people opt to travel long distances to get genuineparts either used or new and thus our market will be large since weoffer genuine spare parts.

Customer Demographics.

Our main customer targets are local dweller, neighboring cities, and passer-by and individual fleet technicians. We are targeting both sexes and in terms of social status, it varies from rich to average in terms of ability to have money. Our key customers willbe large group of customers both at an individual level and commercial purpose.

Customer Management.

In order to maintain a good relationship with customers Metrohillinvestments will give customers a platform to air their suggestionsand complains such as questionnaires and suggestions box. Customerswill be maintained through the provision of self service to them. Wealways try to meet and exceed delivery expectations of ourcustomers .We will make sure that our environment is clean andconducive to provide public service. The building will be cleanedeach and every day to always create a safe and healthyenvironment. The staff will also be greatly concertized and monitoredon customer service. Customers will also be attracted throughcompetitions that will be held annually. Also our staff will be guidedby a strict code of conduct for instance good behavior, smartness,courteous and friendly.

~ 10 ~

Marketing strategy and distribution

Depending on the preference of the customer, the company would sell brand new and old used parts that are original. The main target group for motor spare sales will be on local residence, independent service technician’s fleet operator, passer- by or even cross boarders and people in the neighboring cities. The project employs the following methods in its marketing:

• Use of bill board

• Pamphlets

• Media

• Promotions and

• Sales personnel

The pricing decisions are as follows:

1. All prices will have the economic value.

2. They will outweigh the total cost

3. Prices will reflect the dynamics of cost, demand, changes inthe market and response to competition.

4. Prices will be established to assure sales. We will not price against a competitive operation alone but rather, we will price to sell.

5. Product utility, longevity, maintenance and end use will be judged continually, and target prices will be adjusted accordingly.

6. Prices will be set to preserve order in the marketplace.

~ 11 ~

7. Promotion Plan

Products

Initially the company intends to produce brand new and old used original motor spares and agricultural equipments as a matter of fact. This will enable it to establish an image based diversification. At a later stage it will widen the range to include …

Pricing

Our prices will be determined by the price we buy our products from our suppliers because we will put a mark or profit of 50%. This is because our competitors put a mark up that starts from 80% to 100%. If they happen to reduce their prices to remain in business we will also reduce our mark up to 45%.

Sales Forecasts

As Metrohill Investments we want to start with a stock worth US$10 000 for the first month and that is for the whole first year it will be worth US$120 000 . During the first year we project our sales to worth something around $ 180 000. During thesecond year ,in the first month we will increase our stock by $ 5000 while the expenses will increase by 10% and that will give ussales that are worth $270 000 for the whole second year. Third year we are also going to add another $ 5 000 stock and our expenses we project them to increase by 15% ,then that will give us sales that is worth $360 000 . Lastly from the third year to the fifth year our expenses and sales will be constant.

~ 12 ~

People

Since residents will be customer kings, special attention will begiven to their special need.

Promotion

The company owner has already held meeting with the local authority during which the advantage of establishing this companywas fully explained. Moreover, local newspapers and newsletter will carry advertisements stating the prices charged and the normal business hours.

Market niches

Surrounding communal areas Passer-by Individual fleet technician operator Communal operators Local mechanics General public within Chiredzi Neighboring dwellers The mining communities Institutions like schools and hospitals Sugar cane and Citrus Estates or Plantations. Makes up to

(60%) of our market segment while all other groups makes (40%).

SWOT ANALYSIS.

Strengths and Weaknesses

Area Strength Weakness

Employee Attributes Committed

Management . Creative and good at Inadequate experience

~ 13 ~

selling. in finance planning. Marketing . Excellent name in the

market. Poor market research capability.

Intellectual property .

Trade secrets. Expiring patent.

Premises . Low rent and adequate space available for expansion.

Remote location.

Information technology Modern networks and software/hardware of high capacity.

Poor in-house IT support to users.

Finance Good cash flow. Debt burden.

Opportunities and Threats.

AREA OPPORTUNITY THREAT

Economic trend Growth makes it easy to get higher prices.

-

Market .Change of habits inmarket enhancesinterest in product.

-

Competition Competitionfragmented. No singlestrong competitor.

Some small competitorssell at lower prices.

Labour market . Locally availableskills.

Disruptive strikes.

Financial markets - Increasing interestrates result in anincrease of expenses.

Exchange rates. Cheaper importedmaterial.

Prices are not verycompetitive for someexport markets.

Environmental laws. Opportunity to sellenvironmentallyfriendly products.

-

Government policies. Reduction of taxesincreases profits.

High duty fees andLimitation on importsof some materialsprohibits expansion.

~ 14 ~

Our Competitors.

Our competitors include Amtec services , South East Toyota and Tebriteinvestments . Their Strengths and weaknesses are going to be discussedin the table below.

Competitors’ Details

Competitor Date ofEstablishment

Value toCustomers

Strengths Weakness

TebriteInvestments

2003 They providea lot of lowqualityproducts andvery fewhigh qualityproducts.

WellEstablished.

Prices arevery higheven that oflow qualityproducts.

Amtec motors2008

They providesemi qualityproducts.

Theirsuppliershelp them toimport theirproducts.

They don’tofferpersonalservices

South EastToyota

2000 They providequalityproducts

They buystraightfrom thesuppliersand they areestablished,

Sometimestheirprices arehigh andtheyspecializein Toyota.

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MANAGEMENT PLAN ORGANIZATIONAL CHART

Required staff

Job Title Quantity Duties Skills

Managing Director

human resource manager

stores manager

accountant

finance manager

marketing officer

sales manager

sales persons

marketing manager

~ 16 ~

NecessaryPartssalesman

2 Writing andissuing ofsalesinvoices.

Diploma inMarketing.

parts picker 2 Picking upthe partswritten onthe invoice.

Honors inMarketing

Stores man 1 Making surethat thestores roomisorganized.

5 O’ levelsincludingEnglish andMaths.

Purchasemanager

1 He or shepurchasesthe stockfrom oursuppliers.

Honors inBusinessAdministration andbanking andFinance.

Receivinganddispatchingclerk

1 He or shereceivesstock fromoursuppliersand dispatchit again toourcustomers

Honors inBusinessAdministration

Accountant 1 He or shedoes all thefinancials.

Honors inAccounting.

Recruitment Options.

Advertising in the local newspaper which is the Chiredzi Mirror andhold interviews so as to select the best staff.

Training programmes.

We will conduct in house training for our staffs after every sixmonths. For example we will be training our parts salesman, partspickers and stores man. We will continue with staff developments so as

~ 17 ~

to keep our staff in line with current information and skillsnecessary in this motor spares and accessories industry.

Skill Retention Strategies.

There is need for a supervision by respective department supervisorsthat is the sales department , stores department and shelfarrangements. Also we will be hosting and conducting induction and inhouse meetings. There is also need for registers for making sure thatworkers will never willingly absent themselves from work or willinglycome late for work . At the end of every month we will be conductingstock taking so as to prompt efficiency and business accountability.

Motivation and Retention.

Metrohill investments has seen that employees are the best assets ofthe organization especially in enhancing success and therefore we willprovide them with incentives , good working conditions . Also makingsure that their physical needs are met and also see that they feel tobe part of the organization.

OPERATING PLAN.

Operating hours.

We will operate from 8 am to 6p.m , six days per week (Monday toSaturday ). But if there happens to be an emergence for the sake ofour customers our workers will be at their service.

Operating system and suppliers

In our business we are going to operate through buying and

reselling of spare motor parts. We intend to get our products

both from suppliers within the country and some from South

Africa. Internally, our suppliers will be companies such as

~ 18 ~

Nissan Zimbabwe, Nissan Clover Leef, Hurricane Automatic and Burj

Automatic Zimbabwe. South African suppliers will be Limpopo

Midas, Jed Tractors (Ford, Yto) and Bosch South Africa.

Facilities.

There are various facilities that we require to enable a smooth

running of our business . These include computers, printers .

Labour

In terms of labour for our business we are going to employ

skilled workers who possess knowledge concerning our business

products and those with skills of doing business. Job

descriptions of the employees are, human resource manager being

responsible for overseeing department functions and managing

employees, accountant whose responsibility will be that of making

calculation on cash flows within the business, parts salesman who

will be responsible for doing invoices. Parts picker is another

job description for our employees and this one will be

responsible for taking products that could have been purchased

and handle them to the customers, store man whose responsibility

is that of planning and organizing stock and inventory and also

controlling costs and spending, in simpler terms he/she make sure

that stock do not run out, receiving and dispatch clerk who will

be responsible for receiving items and also to check the

dispatcher of products and making sure that the quantity matches

with that on the receipts. There is also a purchase manager whose

~ 19 ~

responsibility is be that of making orders, check the condition

of goods upon receipt, making sure that the invoice is correct

and then speed the invoice by forwarding it to the accounting

department. Each of these employees will make sure that he/she

performs the best in as much as business work is concerned.

Inventory control operations

On inventory control operations we are going to focus on aspects

like receiving of goods, storage, schedule and also security.

Firstly, on receiving goods, personnel in charge of receiving

goods or items, that is, receiving and dispatch clerk will fully

check every single delivered order for accurate quantity and

usability. He or she will make sure to avoid acceptance of items

that are not documented and never allow signing for orders that

are not complete. Under storage of goods, we will carefully

consider every item in our inventory to be sure that they are in

a safe environment or temperature to ensure long-term storage. We

are also going to set a schedule of regular counts to keep a

close record of our fluctuating inventory and this will help in

understanding and predicting ordering needs and reduce shortages.

In our business we are also going to make sure that there is

security as far as our products are concerned, that is, avoidance

of customer and employee theft. Evaluation of inventory security

will be of great importance in reducing some losses. We are going

to limit the number of people having access to our more expensive

inventory items by storing them in a separate locked area to

avoid huge losses. As part of our inventory control operations

~ 20 ~

under security systems, we are also going to create an employee

theft policy that must be signed by each employee explaining the

consequences of legal action for offenders. All these inventory

control operations will be used in order to ensure success of the

business.

Plant and Equipment.

Equipment Purchase Date Purchase price Running CostVehicles ;pick

up; UD.

13 June US$15 000, 00;

25 000

US$ 200, 00

Refrigerator

(1)

14 June US$ 400,00 US$ 100,00

Communication;

Land Line(2) ,

Fax

25 June US$ $400,00 US$ 200,00

Aircon , fans

etc

12 June $300, 00 US$ 50,00

Computers 13 June US$ 1.200,00 US$ 200 ,00

Communication Channels

Our customers will simply get in touch with using telephones that arelandline and cell phone. They can also email box and shop front andinternet blog. We will establish our website (www.

Payment types accepted.

Cash

Credit policy

We don’t offer any credit facilities

~ 21 ~

Warranties and refunds

As a warranty all damaged goods will be returned and the customerwill offer other options for example to choose other products.

Quality control.

Quality control methods

We adhere to uncompromised excellence in quality through sourcing

and distribution of products that are satisfied by The Standards

Association of Zimbabwe (SAZ) or ISO .In our business, we are

going to use customer feedback and total quality control as our

quality control methods. On customer feedback, we are going to

rely on the customers comments to determine the quality of our

products, that is, customers will buy the products and use them

and later provide feedback basing on the performance of our

products. Thus if they make complains, we will look for

alternative suppliers if need be or just approach the suppliers

so that they can improve on quality for the products they supply

us. Under total quality control, we are going to monitor our

sales to see if there will be an increase or decrease. A decrease

in sales would mean poor quality of our products, but an increase

in sales would mean that we are offering products of high

quality. These quality control methods are the ones we are to use

so that we continue to offer good quality products hence leading

to the success of the business since customers will continue

buying from us.

Memberships and affiliations

~ 22 ~

We are not yet a member of any particular industry association.

Action plan

Milestones Date of expected completion

Person involved

Exclusively market our products

31 December 2015 Marketing Manager

Increasing our salesand profits

31 December 2015 Sales Manager

To reduce competition from other companies

1 August 2015 Marketing Manager

Sustainability plan

Diversifying the commodities on offer such that they get to substantiate one another and should the worst come to the surfaceat least there will be enough money available for payments of fixed costs.

Environmental/resource impacts

The business might leads to land pollution and air pollution in the future if we diversify and extend our services into fitment services.

Community impacts and engagements

Environmental impacts from our business might leads to pollution of the nearby community environment which might have a negative impact on health. To minimize the impact of pollution we provide bins to put litter.

Risk/constrains

Risk that are accumulate as a result of environmental impacts are as loosing popularity among customers.

Strategies

~ 23 ~

To minimize land pollution we will build used oil tanks and comply with government legislation in terms of reducing pollution.

Action plan

Sustainability Milestone

Target Target date

Reducing land and air pollution

100% reduction By 2017

The financial reduction of over head cost (electricity and water cost)

Increasing sales Increasing profits

FINANCIAL PLAN.

1st YEAR 2nd YEAR X 10% 3rd YEAR X 15% 4th YEAR

Salaries ($2265) x 12

Electricity ($150) x 12

Rent ($600) x 12

Telephone bills ($200) x 12

Fuel expense ($500) x 12

Food& refreshments ($100) x 12

27 180

1 800

7 200

2 400

6 000

1 200

600

1 200

29 898

1 980

7 920

2 640

6 600

1 320

660

1 320

31 257

2 070

8 280

2 760

6 900

1 380

690

1 380

31 257

2 070

8 280

2 760

6 900

1 380

690

1 380

47 580 52 338 54 717 54 717

~ 24 ~

Consumables ($50) x 12

Repairs (of motor

Vehicles & computers ($100) x 12

TOTAL COST

STATEMENT OF COMPREHENSIVE INCOME 1 st YEAR

details 1ST YEAR

sales $ 180,000.00

less cost of goods $ (108,000.00)

$ 72,000.00

purchases $ 120,000.00

less closing stock $ (12,000.00)

~ 25 ~

gross profit $ 60,000.00

less expenses

salaries $ (27,180.00)

electricity $ (1,800.00)

rent $ (7,200.00)

telephone bills $ (2,400.00)

fuel expenses $ (6,000.00)

food and refreshments $ (1,200.00)

consumables $ (600.00)

repairs $ (1,200.00)

total expenses $ 47,580.00

net profit before interest and tax

$ 12,420.00

less tax 10% $ (1,242.00)

net income $ 11,178.00

~ 26 ~

STATEMENT OF COMPREHENSIVE INCOME 2 RD YEAR

details 2nd year

sales $ 270,000.00

opening stock $ 12,000.00

add purchases $ 180,000.00

stock available for sale

$ 192,000.00



less expenses

salaries $ 29,898.00

electricity $ 1,980.00

rent $ 7,920.00

telephone bills $ 2,640.00

fuel expenses $ 6,600.00

food and refreshments $ 1,320.00

consumables $ 1,320.00

repairs $ 660.00

total expenses $ (52,338.00)

~ 27 ~


$ 26,662.00

less interest rate $ (2,666.20)

net profit before tax $ 23,995.80

less tax $ (2,399.58)

net income $ 21,596.22

STATEMENT OF COMPREHENSIVE INCOME 3 RD YEAR

details 3rd year

sales $ 360,000.00

opening stock $ 13,000.00

add purchases $ 240,000.00

stock available for sale $ 253,000.00


~ 28 ~


less expenses

salaries $ 31,257.00

electricity $ 2,070.00

rent $ 8,280.00

telephone bills $ 2,760.00

fuel expenses $ 6,900.00

food and refreshments $ 1,380.00

consumables $ 690.00

repairs $ 1,380.00

total expenses $ (54,717.00)


$ 187,283.00

less interest rate $ (18,728.30)

net profit before tax $ 168,554.70

less tax $ (16,855.47)

net income $ 151,699.23

Finance required

We need about $60 000,00 upfront to start the business. The moneywill be obtained through bank loans, personal savings, business

~ 29 ~

partners, friends, relatives and government funding. The company will be seeking 2/3rd of the investments from these loans and government funding. This means that we will be contributing 1/3rd

of the funding. The money will enable us to buy stock of $10 000 and plant and equipments.

Appendix.

METROHILL INVESTMENTS DIRECTORS AND SENIOR MANAGERS PROFILES.

EXECUTIVE DIRECTOR.(CHAIRMAN)

Enerst is the Executive Chairman and is one of the founding directors of MetrohillInvestments and Croco Holdings.He has extensive experience in the banking and sector where heheld various senior positions including being CEO of two major financial institutions. Moses is an astute businessman who holds an MBA and he sits onthe Boards of a number of majorcorporations including Trust Bank, William Bain & Co., Duly Holdings and Engen Zimbabwe.

EXECUTIVE DIRECTOR (CEO).

Faith is the Group Chief Executive and is one of the founding directors of Croco Holdings. He is a member of Premier Auto Board. She has demonstrated tremendous skill and insight in growing the company from a small outfit to its current stature and size. Her understanding of the motor industry has proved to be invaluable to the Group basing on her experience.

Director of Finance.

Tapiwa joined our company as the Group Finance Director. He is a member of the Premier Autoboard. He served articles with Coopers & Lybrand and he is a Chartered Accountant (Zimbabwe)and also holds a Bachelor of Accountancy degree from UZ. He

Marketing Manager

Tatenda started his sales and marketing career as Sales Administrator for the then Forestry Commission (now AlliedTimbers). Worked as Lecturer-Gweru Polytechnic; Branch Manager- PG Industries; Branch Manager- National Tyre

~ 30 ~

has extensive experience as Head of Finance & Administration in the banking sector, asset management and manufacturing. Tapiwa has working experience both in Zimbabwe and Botswana. In the past five years his roles have covered mainly accounting, financial reporting, strategic planning, budgeting, financial management, general management,auditing and training.

Services; Marketing &Exports Manager- William Bain & Company; General Manager-William Bain &Company; General Manager Truck Sales-Dulys; General Manager Group Sales & Marketing-Croco Motors.

A member of the Chartered Institute of Marketing(CIM) whoholds several diplomas in Marketing Management; Executivediploma in Business Management and an MBA

Human Resource Manager.

Gladys is the Head of Human Resources. Her portfolio includes Training, Human Resources Management, Industrial Relations, Arbitration and Administration.She holds a Higher Diploma in Human Resources, National Diploma in Human Resources Management and a Diploma in Labour Relations

Pictures of some of our products.

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Ball Joint Ball Joint Radiator

Bearings Water Pump Tie RodEnds

Water Pump Tie Rod Ends Foot MountBall Joint

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MIDLANDS STATE UNIVERSITYENERST MUNYANGIRI R142229B CONVENTIONMEGHAN TAMBO R142600G CONVENTIONGLADYS MOYANA R142717P CONVENTIONGLADYS MESOENYAMA R141203Y CONVENTIONCLINTON MAZITI R142263H CONVENTIONTAPIWA GAZA R142115A CONVENTIONTATENDA TSERAI R142074B CONVENTIONKAREN MUDEHWE R141727B CONVENTIONKUDAKWASHE MUPOFU R141583Y CONVENTIONMHIKE FAITH R142505Y CONVENTION

LECTURE: MR MAPETERE

DUE DATE: 04 May

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MIDLANDS STATE UNIVERSITYENERST MUNYANGIRI R142229B CONVENTIONMEGHAN TAMBO R142600G CONVENTIONGLADYS MOYANA R142717P CONVENTIONGLADYS MESOENYAMA R141203Y CONVENTIONCLINTON MAZITI R142263H CONVENTIONTAPIWA GAZA R142115A CONVENTIONTATENDA TSERAI R142074B CONVENTIONKAREN MUDEHWE R141727B CONVENTIONKUDAKWASHE MUPOFU R141583Y CONVENTIONMHIKE FAITH R142505Y CONVENTION

LECTURE: MR MAPETERE

DUE DATE: 1 APRIL

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