Business Plan

Green Technology Pvt. Ltd.

Business Plan

Team Name : Finance Interface Plan

: Water Lifting Machine

Team Members Md. Mazharul Islam Khadizatuz Zohara Md. Mukhlesur Rahman

Date of Submission: 15th April, 2012.

Department of Finance

Jagannath University

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Green Technology Pvt. Ltd.

Course Name: Entrepreneurship Development Course Code: FIN - 3208

Submitted To: Suborna Barua Lecturer Department of Finance Jagannath University, Dhaka.

Submitted By: Md. Mazharul Islam Id No: 091541 B.B.A, 3rd Batch (3rd Year, 2nd Semester) Session: 2008-2009 Department of Finance Jagannath University, Dhaka.

Department of Finance

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Green Technology Pvt. Ltd.

Group Members of Finance Interface

Sl. No.

Name

Roll No.

01.

Md. Mazharul Islam.

091541

02.

Khadizatuz Zohara.

091526

03.

Md. Mukhlesur Rahman.

091587

Department of Finance

Jagannath University

Total Marks

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Green Technology Pvt. Ltd.

Letter of Transmittal th

15 April, 2012 Suborna Barua Lecturer Department of Finance Jagannath University, Dhaka.

Subject: Submission of a proposed business plan.

Dear Sir, We have completed this business plan as part of our course “Entrepreneurship Development (FIN 3208)�. The business plan has been compiled as per your requirements. It gives us immense pleasure to tell you that working on this business plan has given us a wide range of exposure.

The business plan is based on the knowledge, experiences and the skills that we have acquired studying the course, Entrepreneurship Development.

We are thus submitting this business plan with the hope that it lives up to your satisfaction. However we would be glad if you enlighten us with your thoughts and views regarding the business plan. In addition, if you wish to enquire about any of the aspects of the business plan, we would be glad to answer your queries.

Thank for your cooperation.

Sincerely

Md. Mazharul Islam ID: 091541 Department of Finance Jagannath University, Dhaka.

Department of Finance

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Green Technology Pvt. Ltd.

Table of Contents Name Part - I

Part - II

Part-III

Page No Executive Summary

6

Business Idea

7

Detailed Business Plan

7-8

Market Potential

8

SWOT Analysis

9

Manufacturing plan

10

Competitor analysis

10

Marketing Plan

10-12

Management Team

12

Resource Requirement

13

Implementation Plan

13-14

Risk Assessment

15

Financial Plan

16-17

Appendix

18-21

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Green Technology Pvt. Ltd.

Executive Summary Our beautiful country Bangladesh has a good opportunity to be a developed country.

Agriculture is our main weapon for the countries overall development. Agriculture covers majority portion of our total GDP. Agriculture and irrigation, these two are uttered at a same time, as they are closely related. Rainfall and deep water are the main sources of irrigation. But due to climate change rainfall and due to scarcity of electricity and high cost of electricity deep water cannot be used properly. For this every year large area of cultivable land remains unused.

In our country there are almost 4 million shallow machines are being used to lift water. But due to excessive load shedding and high price of diesel our poor farmer‟s dream to produce good paddy hampers again and again. In our estimation we can sell 40000 machines within 4 or 5 years. We analyze that we can sell this machine to our neighbor countries and African countries

where farmer cannot irrigate their land

easily due to electricity and diesel problem. To run this machine 2 or 3 people are needed that‟s why it can create huge employment opportunity.

Why we chose manual?

There are currently many businesses offering high tech electronic shallow machine in our country. But the point to be considered these machines is dependent on power supply. And power in our country is rarely found. Green tech‟s marketing strategy is to provide such a machine which will be operated without using any electricity but using manpower that will provide employment opportunities also, farmers who work for instance, will be in a tensed free position without caring for electricity supply about their irrigation .Green Technology offers manually operated irrigation machines which don‟t need any power supply, providing the flexibility of using to the farmers.

Our clients are the farmers who usually do not get power supply as there is a dearth of electricity and high cost of diesel, at the moment they need to irrigate their lands. We also have the Technology to use this machine by power of wind and solar. But cost of the machine will rise

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Green Technology Pvt. Ltd.

Today worldâ€&#x;s key person gives more emphasis on PEST-G, here G means environmental friendly business. Our targeted product is environmental friendly. At present common shallow machine emit huge amount of carbon dioxide. But our machine is free from this curse. By using this machine we can save huge amount of foreign currency which is used to import diesel, create employment opportunity, reduce production cost of agricultural product and sell save carbon dioxide to abroad countries.

This is our first step to enter into the market. Our main target is to conduct research and development activities to invent new Technology. Our role here is to assist, to fulfill the dream of the inventor. We green Technology believe that if we able to create a flat form for the inventor then Bangladesh will also get successful scientist like Bilgets, TATA, etc.

We want to produce those types of products that not only help the human being but also ecological systems of our environment. Thatâ€&#x;s why we like to say our name Green Technology.

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Green Technology Pvt. Ltd.

Business Idea A retired school teacher named Md. Afaz Uddin invented this machine. To invent this machine he has used scraped chain of bicycle, bearing, 3 wheelâ€&#x;s ring etc. those materials are usually available in local markets. We have got the idea from him.

To operate this machine we need physical power. This is same as riding bicycle. To make this machine cost about 4000 tk (normally used shallow machine cost 1500020000 tk) our product main characteristic is that it will cost only one time with no extra variable cost. Furthermore operation cost is 30-40% less than common machine.

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Green Technology Pvt. Ltd.

Detailed Business Plan

Legal structure: Legal structure states that what type of the company will be. It is very imperative to determine the company‟s actual structure. There are several types of organization structures e.g. sole proprietorship business, partnership business, corporation, joint venture etc. Our company is production oriented and we have come in conclusion to set up business “Production of water lifting machine” on corporation. Some key merits attract us to gear up the business on corporation figure the merits we found are…………….     

Limited liability of stockholders Ability to attract new capital Ability to continue long period of time.

Transferable ownership Less complexity in profit distribution.

Business Type: Our operation is to production/assembling water lifting machine. We will always try to distinguish our machine production from the currently used machine by analyzing some vital advantages which encourage us to think further more.

Goals and Objectives:        

Producing cheap rated machine available for use.

Hundred percent environments oriented.

Saving electricity.

Preserving Co2 ratio.

Attracting foreign investment.

Making innovative young generation.

Earning foreign currency.

Attracting govt. for encouraging further research.

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Green Technology Pvt. Ltd.

Product/Service: The image of our product is given below

Customer benefits: We designed our product to help the customer by reducing their production cost. It will be about 5 times less expensive than those currently used machines. It is also very easy to use, just like to operate a rickshaw van. We have planned to operate the machine by solar power and power of wind. Govt. has taken initiative to encourage the people to use solar electricity hasted of normal electricity.

Patent/ Trademark: There will be a trademark of our business; here the business will be patented soon.

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Market Potential

In our country there are almost 4 million shallow machines are being used to lift water. But due to excessive load shedding and high price of diesel our poor farmerâ€&#x;s dream to produce good paddy hampers again and again. In this situation we are going to offer such a machine which will be operated without using any electricity but using manpower that will provide employment opportunities also, farmers who work for instance, will be in a tensed free position without caring for electricity supply about their irrigation. Green Technology offers manually operated irrigation machines which donâ€&#x;t need any power supply, providing the flexibility of using to the farmers. We also have the Technology to use this machine by power of wind and solar. But cost of the machine will rise. Another plus point of our product is it is environmental friendly.

Considering all the expediency of this machine it has enough market potential.

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Green Technology Pvt. Ltd.

SWOT Analysis Strengths

Weakness

Environment Friendly.

No electricity is needed.

Less cheap than electronic machine. lower production (crops) threats cost

It requires manual executions to operate.

Comparatively slow than electronic shallow machine.

A very new concept of irrigation.

Opportunities

Threats Competitors with electronic shallow machine As a new product in the market, that it can hardly capture the market share.

It can be used through solar or wind power exporting opportunities to African countries Opportunity to sell carbon as it does not emit carbon.

People may not want to work manually while they have other options.

Technical development can be done through expertise assistance

Supply chain:

Suppliers

of

Raw materials

Green

Grameen

Technology

Bank Final consumers

Our supply chain system consists of four elements starting with suppliers of our productâ€&#x;s raw materials and finally ending with our final target customer via Grameen bank. Here we have made an option for our target customer to buy our product on credit. Obviously there will be a dedicated marketing team working almost all around the country for direct selling.

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Green Technology Pvt. Ltd.

Manufacturing plan

Raw materials (parts

Assembled in

Quality

Delivered

& Equipments

plant

check

marketing team

Competitor analysis As it is a new product in market so there is no direct competitor. But we will take concerns about our indirect competitor of electronic shallow machines suppliers.

Marketing plan Unique Value Proposition: Unique value propositions for our business are: 1. Round the Clock Irrigation Facilities: Green Technology Pvt. Ltd introducing in Bangladesh for the first time which will ensure 24 hour water supply as farmers can do their work without any disturbance.

2. Cost Benefit: where the traditional sallow machine costs 20000 or above, we will charge 5000 for our machine.

3. Alternative of Sallow Machine: Since the price of sallow machine in four times higher than our machineâ€&#x;s price, and it doesnâ€&#x;t use electricity so it can be a best alternative of sallow machine

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to

Green Technology Pvt. Ltd.

Marketing strategy: In Bangladesh there are about 80% of people live in rural areas who are directly and indirectly involved with agriculture. Our overall marketing strategy will be to sell as many products as possible to the farmers at an affordable price and thereby build a large market of water lifting machine for future revenue. Using the unique value proposition, we want to ensure a more customer focused marketing approach. Side by side traditional distribution channels our company will build a Door-to-Door marketing network. Our marketing strategy will inform the farmers about our product benefits and will turn them into our actual customers. To implement this our regular promotional activities will include time to time seminars in the village, TV commercials and also distribution of calendars to farmers. Community radio. Promotional activities will also be done through Grameen Bank‟s channel, Using ministry of agriculture‟s channel, Advertise on TV. Here the Distribution channel Green tech

Marketing

Final

team

consumer

Grameen Bank

Market segmentation and targeting: We decide to form a selling team. They will go to the village and make familiar to the farmer about the machine and convince them to purchase it. We also planned to export the machine in India and African countries. As in those countries, farmer are very poor and they also incapable to irrigate their land for electricity and power problem.

Features:     

Cost effective.

Manual operation (No electricity is needed).

Low operating cost.

Selling up facility.

Cheap accessories.

Price: We can charge 5000 or above as commonly use shallow cost 20000 or above.

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Green Technology Pvt. Ltd.

Sales Strategy: Since this is a new technology in the field of agriculture, we will sell our products to the farmers of the village who are directly involved with agriculture.

So Green technology will build its own distribution network through a group of “Sells Service Team”. Who will sell our products and will also provide after sales service to our customers. Green technology will have a large „sales service team‟ comprised of permanent employment employees. Casual workers will also be hired on need.

Branding Strategy: Being the first company to provide such cost effective and user friendly water lifting machine, Green Technology will strive to be a customer preferred and trusted brand in the market. Our promotional campaign wound be focused on “producing the crops at minimum costs.” Farmers are not been able to get their cost of producing crops because of their high cost of production. At this point we will focus on the immediate need of using our water lifting machine which can be a solution of high production cost of farmers specially in summer season. Using it farmers can minimize their costs and increase their production of crops and can earn more profit. By selling it to farmers Green technology can strengthen its brand image.

Management Team The management team of Green Technology is very crucial to its operational efficiency which reflects the strategic decision making as well. Our company has three operations units: Factory Unit, Marketing, Sales & Service Unit and Administration Unit. All units will be managed through a three tier management mechanism: (i) Strategic Decision Making Level, (ii) Operational Decision Making Level and, (iii) Execution Level.

Strategic Decision Making Level: Broad of directors and operational head of Factory Unit, Marketing, Sales & Service Unit and Administration Unit together will form this tier of management. This level will take strategic decisions.

Operational Decision Making Level: This level will include all the operational heads and the operational heads and supervisory level of employees of Factory Unit, Marketing, Sales & Service Unit and Administration Unit. They will make operational decisions and plans for executing the strategic decisions.

Execution Level: This tier will be comprised of the supervisors, first level employees and workers of the company

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Green Technology Pvt. Ltd.

Resource requirements Estimated start up cost (2 month to start up) Particulars

Total

Preliminary Expenses Land Factory building Factory furniture Office building Office Fixtures and furniture Decorating and re-modeling Installation of fixture and equipment Total estimated cash for startup:

1,000,000 11,000,000 3,550,000 300,000 5,000,000 2,500,000 200,000 500,000 24,050,000

Implementation Plan Resourcing: Under resourcing phase following resources will come under consideration.

Cash: In this phase the estimated start up cost of first year will be BDT 24,050,000.

This cash will be collected from equity capital and long term loan. This is a private limited company. Three of our group members will invest 8,000,000 each. And to collect the rest of the capital we will try to find some institutional investors like GAZI group, RFL, RAHIMAFROOZ etc. If required further capital then we will take loan from Krishi bank and SME loan from commercial bank at lower interest rate as it will helps to reduce production cost of agricultural products.

Human Resource: For running the operation Green Technology will recruit personals including permanent and casual. The desired human skills and qualities are available in the local human resources.

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Green Technology Pvt. Ltd.

Here the organizational chart: MD

CEO

Production

R&D

MGT

Assemble

Quality Control

People

Complain

Remuneration

Marketing

R&D Sales &

Peomotion After Sale Service

Facility Resourcing: All the facilities required including the infrastructure development for starting the commercial operation will be ensured locally. The factory of our products will be located at Jessore in our 6 hectare leased land. Other resources like technology and other machineries and materials are easily available in the local market. We also take the opportunity of Benapol port to collect the raw material of our product if needed.

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Green Technology Pvt. Ltd.

Risk Assessment New business always starts with new risk. We have also analyzing the potential risk related to the Green technology Ltd. the Risk factors are, Risk Factors

Strategies to Minimize Risk There are no direct competitor in Customer oriented marketing our business, sallow machine and distribution and rapid producers and sellers are the expansion. indirect

Competitor

competitors

of

our

business. Since the process of making water lifting machine is quite simple and easy it may be copied by others and competition may arise.

If the producers and sellers of Since our production cost is sallow machine can be able to nearly 30% to 40% less than reduce their production cost the production cost of sallow supplies sallow machine at lower machine because here local price than ours our business may instruments are used and it is

Economical Risk

get a big shock.

not so easy to reduce sallow machineâ€&#x;s cost of production.

Another plus point of our machine is its operation cost is

also

less

than

other

machines.

Production Operational Risk

and

plant All the equipments are easily

machineries may go out of available

in

the

market.

operation which may affect the Repairing may not take long system.

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Green Technology Pvt. Ltd.

Financial Plan Revenue Projection: The sales forecast has been made based on the current market demand and existing market growth trend. According to the forecast Green Technology Pvt. Ltd will be reaching the following sales level in the concerned years: Revenue Source

2013

2014

2015

2016

2017

Selling Units

10000Units

17000Units

21000Units

33000Units

40000Units

Sales Revenue

50,000,000

85,000,000

105,000,000

165,000,000

200,000,000

Income Statement: The projected income statement for the first five years is shown below. We will start with a profit of BDT 715,500 which will be reached to BDT 23,157,771 in the fifth year.

Projected Income Statements Particulars

2013

2014

2015

Sales Revenue Less: COGS Gross Profit Less: Operating Expense: Admin. Expenses Selling & Distr. Expenses EBIT Interest(15%) EBT Tax(25%) Net Income

50,000,000 40,000,000 10,000,000

85,000,000 68,000,000 17,000,000

105,000,000 84,000,000 21,000,000

1,810,000 4,236,000 3,954,000 3,000,000 954,000 238,500 715,500

1,888,000 4,447,800 10,664,200 2,970,716 7,693,484 1,923,371 5,770,113

1,966,000 4,659,600 14,374,400 2,937,038 11,143,362 2,785,840 8,357,522

2016

2017

165,000,000 200,000,000 132,000,000 160,000,000 33,000,000 40,000,000 2,044,000 4,871,400 26,084,600 2,898,310 23,186,290 5,796,573 17,389,717

2,122,000 4,147,200 33,730,800 2,853,772 30,877,028 7,719,257 23,157,771

Balance Sheet: The accounting period is January to December. The summarized balance sheet for five years is shown below. Detailed balance sheet is in the appendix.

2013

Particulars Total Liabilities Total Capital Total Liabilities and Capital Total Current Assets Total Net Fixed Assets Total Assets

2014

2015

2016

2017

19,804,771 24,715,500 44,520,271

19,580,257 27,600,557 47,180,814

21,845,805 31,779,318 53,645,123

25,368,316 35,257,261 60,625,577

28,170,009 39,888,815 68,058,824

20,665,500

24,266,056

31,623,873

39,280,577

47,390,074

23,373,750

22,697,500

22,021,250

21,345,000

20,668,750

44,520,271

47,180,814

53,645,123

60,625,577

68,058,824

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Green Technology Pvt. Ltd.

Financial Ratios and Investment Return: The following tables features some important financial and investment return ratios.

Ratio Analysis Current Ratio Average Collection Period(Days) Asset Turnover Ratio Debt-to-Equity Net Profit Margin Return on Assets(ROA) Return on Equity(ROE)

2013

2014

0 36.5 1.12 0.80 1.43% 1.61% 2.89%

0 36.5 1.80 0.71 6.79% 12.23% 20.91%

2015 12.43 36.5 1.96 0.61 7.96% 15.58% 26.30%

2016 2017 6.19 4.9956 36.5 36.5 2.72 2.94 0.54 0.47 10.54% 11.58% 28.68% 34.03% 49.32% 58.05%

Cash Flow Statement: The summarized cash flow statement for the first five years is presented below. Detailed is in the appendix.

Particulars Total Inflow Total Outflow Cash in hand

2013

2014

89,000,000 73,334,500 15,665,500

97,881,000 82,114,944 15,766,056

Department of Finance

2015

2016

2017

121,651,112 184,302,634 222,758,520 100,527,239 161,522,057 195,368,446 21,123,873 22,780,577 27,390,074

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Appendix Assumptions: 1. All calculations have been done on Bangladeshi currency, BDT. 2. All salaries and wages have been decided as per the ongoing market practice, a fixed rate of BDT 5000 for sales and promotion managers.

3. 5% salary and wage increment on starting salary and wage have been assumed.

4. Interest on long term loan has assumed to be 15%.

5. For the second year retained earnings will be 100%, for next two year 50% and after then it will be a fixed rate of 20%.

6. Other than salaries a fixed portion of administrative expenses is assumed BDT 250000.

7. Growth in sales is calculated on the basis of reasonable forecast.

8. Fixed assetâ€&#x;s useful life is assumed to be 40 years. (except land) 9. Landâ€&#x;s useful life is assumed to be 100 years.

10. Depreciation on fixed asset is calculated on the straight line method.

11. Life expectancy of the fixed assets has been assumed.

12. It is assumed that 10% of the sales will be on credit.

13. A/C Receivable will be received in the following year.

14. It is assumed that all the purchases will be on cash.

15. All the costs have been determined as per current market practice.

16. The corporate tax rate has been assumed to be 25%.

Details of Human Resources Human resources Labor(maker of water lifting machine) Supervisors Marketing managers Asst. Marketing Manager Administration Staff Accountants Operational Heads Sales and promotion managers Total

Department of Finance

Permanent 40 (wage 2000) 3 (salary 4000) 2 (salary 7000) 4 (salary 6000) 20 (salary 4000) 2 (salary 5000) 4 (salary 10000) 50 (salary 5000) 150

Jagannath University

Casual 10 2 0 0 0 0 0 13

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Detailed Balance Sheets: Particulars Liabilities Accruals Long term loan(outstanding) Total liabilities Capital, Owners participation Retained earnings Total capital Total capital &liabilities Assets Current assets Cash Inventories Accounts receivable Total current assets Fixed assets Factory unit Office unit Preliminary expenses Net fixed assets Total assets

0 year

2013

2014

2015

2016

2017

0 0 0 2,543,739 6,343,169 9,486,319 20,000,000 19,804,771 19,580,257 19,322,066 19,025,147 18,683,690 20,000,000 19,804,771 19,580,257 21,845,805 25,368,316 28,170,009 24,000,000 24,000,000 24,715,500 27,600,557 31,779,318 35,257,261 0

715,500

2,885,057

4,178,761

3,477,943

4,631,554

24,000,000 24,715,500 27,600,557 31,779,318 35,257,261 39,888,815 44,000,000 44,520,271 47,180,814 53,645,123 60,625,577 68,058,824

44,000,000 15,665,500 15,766,056 21,123,873 22,780,577 27,390,074 481021 217,258 0 0 0 0 5,000,000 8,500,000 10,500,000 16,500,000 20,000,000 44,000,000 21,146,521 24,483,314 31,623,873 39,280,577 47,390,074

Department of Finance

14,478,750 14,107,500 13,736,250 13,365,000 12,993,750 7,995,000 7,790,000 7,585,000 7,380,000 7,175,000 900,000 800,000 700,000 600,000 500,000 23,373,750 22,697,500 22,021,250 21,345,000 20,668,750 44,520,271 47,180,814 53,645,123 60,625,577 68,058,824

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Detailed Cash Flow Statements Cash Flow Statements

2013

2014

2015

2016

2017

Inflow Capital Cash B/D Sales Revenue Receipt from A/C Receivable Long Term Loan Retained Earnings Total Inflow

24,000,000 0 45,000,000 0

0 15,665,500 76,500,000 5,000,000

0 15,766,056 94,500,000 8,500,000

0 21,123,873 148,500,000 10,500,000

0 22,780,577 180,000,000 16,500,000

20,000,000 0 89,000,000

0 715500 97,881,000

0 2885056 121,651,112

0 4178761 184,302,634

0 3477943 222,758,520

24,050,000 40,000,000 1,810,000 4,236,000

0 68,000,000 1,888,000 4,447,800

0 84,000,000 1,966,000 4,659,600

0 132,000,000 2,044,000 4,871,400

0 160,000,000 2,122,000 4,147,200

3,000,000 238,500 0 73,334,500 15,665,500

2,970,716 1,923,371 2885057 82,114,944 15,766,056

2,937,038 2,785,840 4178761 100,527,239 21,123,873

2,898,310 5,796,573 13,911,774 161,522,057 22,780,577

2,853,772 7,719,257 18526217 195,368,446 27,390,074

Outflow Project Cost Factory Overhead (cash) Admin Overhead (cash) Selling && Distribution Overhead (cash) Interest Payment Tax Payment Distribution of Profit Total Outflow Cash in hand

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Green Technology Pvt. Ltd.

Loan Repayment Schedule Annual Payment 3195229.41;

Date of Taking Loan : 01-01-2013;

Annual

Installment : 1; Rate of Interest: 15%; Year: 20.

Year

Beginning

Periodic

Interest

Repayment of

Remaining

Amount

Payment

Portion

Principal

Balance

(1)

(2)

(3)

(4)=(2)-(3)

(5)=(1)-(4)

2013

20,000,000 3195229.41

3000000

195229

19804771

2014

19804771 3195229.41

2970716

224514

19580257

2015

19580257 3195229.41

2937038

258191

19322066

2016

19322066 3195229.41

2898310

296919

19025147

2017

19025147 3195229.41

2853772

341457

18683690

2018

18683690 3195229.41

2802253

392676

18291014

2019

18291014 3195229.41

2743652

451577

17839437

2020

17839437 3195229.41

2675915

519314

17320123

2021

17320123 3195229.41

2598018

597211

16722912

2022

16722912 3195229.41

2508436

686793

16036119

2023

16036119 3195229.41

2405417

789812

15246307

2024

15246307 3195229.41

2286946

908283

14338024

2025

14338024 3195229.41

2150703

1044526

13293498

2026

13293498 3195229.41

1994024

1201205

12092293

2027

12092293 3195229.41

1813843

1381386

10710907

2028

10710907 3195229.41

1606635

1588594

9122313

2029

9122313 3195229.41

1368346

1826883

7295430

2030

7295430 3195229.41

1094314

2100915

5194515

2031

5194515 3195229.41

779177

2418055

2776460

2032

2776460 3195229.41

416769

2776460

0

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