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Ingress Auto Sdn Bhd

Workshop Expansion Project

Introduction
• The expansion of our workshop is one of our
prime agenda for this year due to capacity
constraint.

• We have been surveying the nearby vicinity for
the last couple of months. A good opportunity
has recently arose when our next door neighbour
vacated their premise.

• In addition, the proposed workshop expansion
will also cater for the recent MINI dealership
award from BMW M’sia

Current Service Scenario Vol/mth 650 Waiting days 6 Waiting units 177 Waiting units / day 8 Hoists 15 Working Day 22 Hoist turnover/day 2.0 Waiting % 27% .

2 2.032 7.Current Capacity in Brief Job all fastlane repair rate Warranty 40% 10% 90% 10.789 5.715 10.819 195.4 4.8 2.963 3.5 Repair spill over (more than 1 day) 40% .803 70.229 Retail 117.15 Job in RM all fastlane repair Warranty 78.316 476 840 Job per unit all fastlane repair Warranty 260 26 234 Retail 390 234 156 650 260 390 Hours per car all ave fastlane repair Warranty 3.048 70.229 46.9 Average 2.032 117.4 1.272 4.766 Retail 8.048 Job in FRU all fastlane repair Warranty 7.079 78.8 2.518 752 6.075 Job in Hours all fastlane repair Warranty 626 63 564 Retail 689 414 276 1.309 15.0 Retail 2.1 3.38 Retail 60% 60% 40% 14.

6 .005 Total actual labour hours .25 .Average service income per month (RM) 195.Days per month 20.Hours per day 7.5 .Total number of available hours 2.316 Productivity 66% Average number of cars serviced per month 650 Average hours per cars 2.Number of Technicians 13 .0 .Available hours per month 154.Actual number of hours sold 1.079 .Current Capacity in Brief Total available labour hours .

25 hrs . of technicians required 4 Bmw Service .5 hrs .Monthly Throughput 259 cars 13 per day .Hours per car 3 hrs .Monthly Throughput 130 cars 6 per day .No.5 hrs .5 hrs .Hours per month 165 hrs .Days per month 20.Estimation of Bays & Technicians Mini Service . of technicians required 6 .Hours per day 7.Productivity 66% .Productivity 66% .Days per month 20.Capacity 34 cars per technician per month .Hours per car 2.6 days .Hours per day 7.Capacity 43 cars per technician per month .Hours per month 154.No.6 days .

000 250.500.333 Items Qyt Price Amount Hoists 10 25.000 Aftersales 500.000 500.Capital Expenditure Capex Deprn Renovation 1.000 10.000 Special Tools 1 10.000 33.000 Body & Paint 2.000.000 Misc 70.000 170.000 Tool Trolley 10 17.000 .

2 0.0 3.157 736 Market share 1.826 2.0% Daily service @ 22-day month 0.577 3.1 1.8% 17.4 2.8 3.062 3.1 2.8 3.600 (source: Business Times.5% 18.323 IASB Service Throughput 32 228 482 782 1.7% 10.4 5.9 1.7% 25.6 IASB Customer base Yearly Sales 30 64 76 92 112 60 Accumulated 30 94 170 262 374 434 Throughput over customer base 1. MINI Stats MINI Service Estimated Current Population 1. 25 Mar 2011) 2010 sales 222 2011 sales 301 (source AAM) Sales increase 36% Growth Rate for 2011 19% 2012 2013 2014 2015 2016 2017 YoY Population with sames growth rate 1.0 4.169 2.7 .5% 31.638 4.

2 11.062 2.555 Income per car 300 306 312 318 325 325 Daily service @ 22-day month 8.3 8.monthly 650 650 650 650 650 650 .daily service 30 30 30 30 30 30 .4 9.442 2.0 8.8 Monthly throughput 177 183 185 203 224 259 Current .686 1.195 2.2 10. BMW Stats BMW Service 2012 2013 2014 2015 2016 2017 Service Throughput 1.220 2.

867.750.199 .Mini Service 29.Body & Paint 0 0 0 0 0 0 0 1.751 20. Income Statement Profit & Loss 2012 2013 2014 2015 2016 2017 Total Revenue .199.910.414.344 .384.118.366.828.960 .837.379 3.672.920 1.920.719 1.562 6.586 463.178 1.531 215.738.BMW Service 1.377.946 17.509.229.164 .373 851.Body & Paint 0 0 0 0 0 0 0 2.903.874 766.640 1.888 2.124 Operating Expemditure 1.150.250 345.376.793.080 1.649 752.006 P&L (291.719 129.431 26.413.332.485 9.112.231 2.622 5.156.375 2.667 Cost of Sales .111 615.153.923.138.606 1.Body & Paint 0 0 0 0 0 0 0 735.Mini Service 17.605.773.946 8.060 743.010 4.215.948 1.082.583 2.415.324 2.195.907 8.095 1.724.855.524 2.026.024) (154.653.037.728 3.721.166 1.974.695.023 1.543 Gross Margin .965 3.123 1.674 4.114 3.527.474 279.372.120 1.137 462.761 31.669 450.852 4.544 4.236.118 .483 5.353 1.508 .010 11.330 5.103 2.BMW Service 2.679.896 1.158 .760 4.102.262 4.036.829 2.454 744.494 6.181.384 1.043.156.388 3.509.638.805 3.178.BMW Service 718.604 5.011 1.Mini Service 47.604.440) 201.295.436 698.

.738. .000 . .761 31.594.082.946 8. .604 5.202 3.384.965 3. .Floor Stock drawdown .653.923. .383 5.228 6.061.622 5.199. .036. . (2. .672. Cashflow Satellite Workshop Yr1 Yr2 Yr3 Yr4 Yr5 Yr6 Grand Total Cashflow Total Total Total Total Total Total Cashflow from operating activities + Sales 2.000.103 Net Inflow from financing activities 309.322 378.313 78.442.761 32.852 4.036.543 .934 76. .904 Net Inflow from operating activities (288.479.8 Discounting Rate 10% . . .000) . . .934) (76.828.667 .000 .146 1.094. . .398 1. . - . 2.000.604 5. . .178.511) (72. .721.034 4.719 1.585 7.494 6.322.401 IRR 23% Payback period 4.114 3.852 4.610.424 4.494 607. . . .511 72.607 1.111 945.010 4.230 1.024) 175.118 NPV 804.Opex 1.Capital expenditure 2.711) 254.322) (28.527.514.000 .094 1.000.103 2. - .414.044 5.667 + Other Income .722) (74.721.262 4. .546.829 2.300 35.103) Cashflow from investing activities + Inflows .679.372.658 30. - .346. - + Term loan drawdown 350. .653.649 917. . .738.494 6.220 Cashflow from financing activities +.527. .722 74. . .946 8.549 Total Net Inflows (1.Total Outflows 4. . .300) (35. .687 (78.000) Total Cashflow + Total Inflows 2. . .000 Net Inflow from investing activities (2.366.010 4.033. 350.Cost of sales 1.122.Floor Stock Interest .560 531.Term Loan Repayment (+Interest) 40.020.145.949 952.Floor Stock redemption . .833 1.979.793. .024.000.150.751 20.500. - .073 651.

711) Cashflow from financing activities +.460 361. .Total Outflows 220.687 Cashflow from investing activities + Inflows - .917 56.765. . .691 6.000.283 236.000 .758.150. .767 6.763. .710 354.737) (6.834) (1.147) (1. .111 116.500.000 (6.Cost of sales .024. .979.210 359. .058) (1. .710 363.767) (6.917) (56.010 + Other Income .737 6. .917 354. . 350.210 359. .693 358.313) (428) 517 1. - . Initial Outlay Satellite Workshop Yr1 Cashflow May Jun Jul Aug Sep Oct Nov Dec Jan Total Cashflow from operating activities + Sales .054 115.Floor Stock Interest .223 109.000.000 352.034 Total Net Inflows (220.689 238.960 2.626) (1.960 357.432 2.765. .028 359. . .917 116. .000 Net Inflow from investing activities .000. .108 233.706) (6.917 56.024) .010 .Capital expenditure 2.123 9.917) 5. .064 239. . . - .876 235. .095 1.414.917) (1.710 363. .313 Net Inflow from financing activities .056.923 (288.691) (6.942 1.917) (1.607 Net Inflow from operating activities (220.388 356.369) (1.024) (56. .Opex 220.000 2.529 116. .000) Total Cashflow + Total Inflows .979. .710 354. .751 6.960 2.000) .114 .575) (1.765.917 2.661 40. (2.917) (1. . (2.323 7. .Floor Stock drawdown - + Term loan drawdown 350.917) (56.Term Loan Repayment (+Interest) 6.453 360.763.023 355.423 6.023 9. 231.460 361.751) (6.479.107) (1.Floor Stock redemption .917 56.698 4.917) (56. .960 357.761.000 350.257 3.706 6.262 (1.661) 309.000.223 8.998 115. - .706. 350. . . 352.

Location Map .

Front View .

Side View .

The Layout Office Warehouse .

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The Specs • Warehouse 1.403 SqM .189 SqM • Ground Floor Office 303 SqM • 1st Floor Office 485 SqM • Surrounding land 1.

The Premise • Current setup as an office with a large warehouse at the back • Warehouse size has the potential to accommodate 30 working bays • Being right next door eliminates many logistic barriers and offers huge saving on operational costs • Only basic equipment are required for the operation as most major and expensive equipment can be shared with the main workshop .

THANK YOU .