Chapter One

1.0 Introduction

Akur Antyen & Sons Electrical Company company Limited is a company which will be as a new
firm that will provide installational material which will aid wiring and sales of wiring
materials such as all kinds of cables, sockets, switch, bobs, fans electric cookers, heaters,
refrigerators, generators, transformer etc, installation.

Antyen Joseph Akur have been working with former NEPA/PHCN now JED Electrical
Company company for over twenty three years, and with this has a lot of experience in wiring
and installation and observes there is need for him to provide his village a company that will
provide electricity solution to his village and the entire country at large.

It will give door to door services such as wiring and maintenance of houses, repairs of
Electrical Company appliances, linking of transmission lines to desirable place, high tension
extension of light, industrial wiring, and installation, wiring of light in village and urban centres,
the company will also offer motorcycle and vehicle wiring and installation processes.

The company will be located at No. 70 Awajir-GunGul road, Shangev-Tiev Konshisha Local
Government,Benue State – NIGERIA.

He has an engineer, who can give satisfactory services to her customer, it has both buses and
vans for effective services deliveries. It has steady standard standby generator for goods and
services to her customers.

Due to the absence of public light sources to the village the company has provide a generator for
sale of light at affordable price to the member of the village.

The company has linked with other company within and outside the country for effective update
and research purpose concerning light, modern materials, example china power solution, JED,
America Electrical Company power plant, German Institute of power, British electric company.

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The company also provides training service to her staff for modern technological way of
handling light and light provision and it problems identification and solution.

Currently, there is N5,000,000 worth of business with former Joseph and Akur customers. Akur
believes He can capture a lion's share of it and build from that base. He will start as the firm's
only employee but will hire additional electricians as her sales grow.

We recommend using Live Plan as the easiest way to create graphs for your own business plan.

The company if in existence for the neat twenty year will do away the needs of wiring and
installation, make all wiring materials available to her customer and rendered door step service.

I will be the leading Electrical Company company in the country and offer the customer the
highest quality Electrical Company service and materials at affordable prince and empower the
youth with Electrical Company skills and i will provide it highest job opportunity for her citizen.
It will also generate revenue for the government.

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1.1 Production Plane

1.1.1 Machine Required

Copper processing Machine, Aluminum process Machine, Rubber Processing Plant or Process,
Plant, Power Plant for Electricity.

1.1.2 Vehicle

Staff bus, Van, Lorries and Truck etc.

1.1.3 Fix Asset

500 x 500 piece of land

Four factory building

Store

1.1.4 Materials

Import of copper from Ghana, Import of Aluminum Zabian

Rubber for Ogun State

Iron rod for Ajaokuta

Cement for BCC Gboko.

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1.2 Department
Production Department
Production Department: The company has provide qualified staff who can work effectively in
the production, in the production sector we have staff producing different things and categories
in the factory such as production of transformer, sockets and switches, cables and extensions
(house wiring), high and low tension cable etc.
All the staff in the different categories mentioned are professionals in their various field.

Maintenance and repair of Appliance

Wiring

Installation

1.2.1 Maintenance and Repair Department

The company has well qualify staff whom can render maintain and repair service to her
customer, such as electric cooker, refrigerator water heater etc.

It also has other door service deliverance to all kinds of electric appliances, maintain and repair,
the company has a work shop with trained technical which open 24 hour service deliverances.

1.2.2 Wiring Department

The company has as many as possible, some quality technical, who has knowledge on modern
wiring system, it also has all the necessary materials which can enable her staff carry out
effective service, e.g of the tools are larders, Van for carrying of poles and cables etc.

This department carry out wiring of community light, urban light, transmission line service,
household wiring, wiring service line, repair of increase down pole, joining of cut cables, cutting
of trees which have touch transmission cable, wiring of commercial place e.g hotel, schools and
public places wiring of street light, and industrial wiring.
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1.2.3 Installation Department

This aspect of the company render portable installation of electricity and Electrical Company
appliance, the installed generators of all kinds, transformers, cookers, electric heater, electric
blender refrigeration, air condition.

Also in industry too, we carry out industrial installation e.g Electrical Company plant, electric
machine electric processing machine etc.

1.3 Keys to Success

Akur Antyev & Sons Electrical Company Comapny keys to success include:

1. Affordable, Expedient and convenient Electrical Company services.

2. Job creation , Revenue Generation Growing and maintaining a referral network of

customers.

3. Electrical Company installation and maintenance.

4. Rapid ,wiring and delivery of Electrical Company components.and service to her

customer

1.4 Market Research

1.4.1 Awareness Creation

The company will produce posters, calendars, palm flet, to make the customer be aware of the
staff that will carry it to customer at home, offices, market etc.

1.4.2 Advertisement

On TV Station, Radio Station, Newspapers.

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1.4.3 Distribution

Staff with truck etc will distribute various wholesale.

Marketers: Staff at the company shop etc.

Market research reports for Electric, Gas, And Sanitary Services industry.

1.5 Company Summary

Akur Antyev & Sons Electrical Company Company is a new start-up Electrical Company
contracting firm. The area's economic growth the last several years has resulted in increased
opportunity for the installation of high-end Electrical Company systems for security, data
transfer and communication. Akur Antyev & Sons Electrical Company Companies positioned to
capitalize on the growing need of businesses in the greater tri-county area.

1.6 Company Ownership

Antyev Joseph Akur is the sole owner and employee of Akur Antyev & Sons Electrical
Company Company.

1.7 Start-up Summary

Akur will invest his personal savings in Akur Antyev & Sons Electrical Company Company and
The following table shows projected initial start-up costs for Akur Antyev & Sons Electrical
Company Comapny

Start-up

Requirements

Start-up Expenses

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Legal N0

Stationery etc. N100

Brochures N200

Start-up Inventory N500,000

Other N0

Total Start-up Expenses N500,300

Start-up Assets

Cash Required N29,70

Other Current Assets N0

Long-term Assets N30,000

Total Assets N530,700

Total Requirements N600,800

Start-up Funding
Start-up Expenses to Fund N20,300
Start-up Assets to Fund N50,700
Total Funding Required N530,000
Assets
Non-cash Assets from Start-up N15,000
Cash Requirements from Start-up N35,800
Additional Cash Raised N0
Cash Balance on Starting Date N600,800
Total Assets N530,800
Liabilities and Capital
Liabilities
Current Borrowing N0
Long-term Liabilities N70,000
Accounts Payable (Outstanding Bills) N0
Other Current Liabilities (interest-free) N0
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Total Liabilities N590,000

Capital
Planned Investment
Antyev N500,000
Investor 2 N0
Other N0
Additional Investment Requirement N0
Total Planned Investment N590,000
Loss at Start-up (Start-up Expenses) (N20,00)
Total Capital N35,000
Total Capital and Liabilities N590,825
Total Funding N600,800

Chapter Two

2.0 Services

The services rendered by Akur Antyev & Sons Electrical Company Company can cover a project
in its entirety from original concept to acceptance of completed construction work.

 Consulting services: engineering studies (functional analysis), evaluations and

recommendations (value engineering analysis), feasibility studies, master planning.

 Design services: cost estimates, design analysis, project scheduling, conceptual

drawings: Electrical Company standards, specifications.

 Field services: 24 hour emergency service, troubleshooting, field engineering liaison and
inspection, commissioning and checkout, customer representation at acceptance testing of
equipment, preventive maintenance programs.

 Construction services: commercial and industrial.

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2.1 Market Analysis Summary

Akur Antyev & Sons Electrical Company Company focus is to meet the demands of the Awajir
village and Akur customer base. Akur Antyev & Sons Electrical Company Company has
established relationships with these companies and believes we will receive referral business
from them over time. The company estimates that 70% of revenues will come from old Joseph
and Akur clientele and 30% from new and business. Though the former Joseph and Akur
clientele will be important during the first year of business, Akur knows the future of the
business is new referrals. The table below further estimates of the total market potential of type
of services rendered by Akur Antyev & Sons Electrical Company Company in the Awajir
Konshisha area of Benue

Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Joseph and 0% 250 250 250 250 250 0.00%
AkurCustomers
New Customers 20% 2,000 2,400 2,880 3,456 4,147 20.00%
Other 0% 0 0 0 0 0 0.00%
Total 18.23% 2,250 2,650 3,130 3,706 4,397 18.23%

2.2 Strategy and Implementation Summary

Akur Antyev & Sons Electrical Company Company strategy is simple and ambitious. First,
capture most of Joseph and Akur old customers as a base is which to build the firm. From this
secure footing, Akur will begin to market her specialization skills to new customers. Akur
Antyev & Sons Electrical Company is also certified as a Man Business Enterprise (MBE) with
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numerous authorities, agencies, and firms. Akur believes that He will be successful marketing
her services to the many business Man in the area. Currently, Akur Antyev & Sons Electrical
Company is the only Man-owned Electrical Company contracting firm is the tri-county area.

2.3 Competitive Edge

When Akur opted to start her own company and take matters into her own hands, this was just
another step in her quest to deliver services to customers that were second to none. As a woman
in the male-dominated electrician profession, it has always been Akur competitive edge that has
pushed her ahead with customers and employers. Her focus on new Electrical Company
technology places her in a unique situation. Both her major competitors had sought her services
when Joseph and Akur announced the company's departure from the area. Her reputation for
quality work and excellent customer skills could have landed her with a new employer and a
bigger pay check. The Benue tri-county area is booming with new commercial construction,
including a new research park and airport. Akur technical skills in data retrieval and
communication systems will be a valuable asset for a company to have in the next five years.

Akur Antyev & Sons Electrical Company Comapny is well positioned to compete for numerous
small contracts that focus on new Electrical Company technology. When combined with the
advantages Akur Antyev & Sons Electrical Company has in capturing the old Joseph and Akur
contracts, the firm is in an excellent competitive position.

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2.4 Sales Forecast

The first three month of operation will focus on the former customers of Joseph and Antyev.
Akur Antyev & Sons Electrical Company will then turn to marketing to new customers. The
following table will outline Akur Antyev & Sons Electrical Company Companysales forecast
data.

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Sales Forecast
Year 1 Year 2 Year 3
Sales
Joseph and N62,787 N80,000 N90,000
AkurCustomers
New Customers N22,200 N40,000 N70,000
Total Sales N84,987 N120,000 N160,000
Direct Cost of Sales Year 1 Year 2 Year 3
Joseph and N21,975 N26,400 N29,700

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AkurCustomers
New Customers N7,770 N13,200 N23,100
Subtotal Direct Cost of N29,745 N39,600 N52,800
Sales

Chapter Three

3.0 Management Summary

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Akur Antyev & Sons Electrical Company is owned by its sole employee, Antyev Joseph Akur is
a talented electrician who holds a Bachelor of Science degree from Eastern College that He
obtained while working full-time as a electrician. Akur entered the world of electricity at just the
right time when national legislation made it possible for her to join the electricians' union. He
started her apprenticeship and early training as an electrician in Makurdi, Benue State in 2011.
He later relocated to Konshisha area in 2014 and has worked in the local number three
jurisdiction for the past 18 years.

For the past 10 years with Joseph and Antyev, Akur has focused on the new Electrical Company
technologies as new industries and commercial growth have come to the Benue area. During that
time, He has created a base of customer support that praise her ability to handle all aspects and
responsibilities of the design and engineering process.

3.1 Personnel Plan

The following table shows the personnel plan for Akur Antyev & Sons Electrical Company
Company Industry.

Personnel Plan
Year 1 Year 2 Year 3
Akur N 42,000 N44,940 N48,086
Other N0 N0 N0
Total People 0 0 0
Total Payroll N42,000 N44,940 N48,086

3.2 Break-even Analysis

The following table and chart show the break-even figures for Akur Antyev & Sons Electrical
Company.

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Break-even Analysis
Monthly Revenue Break-even N9,365
Assumptions:
Average Percent Variable Cost 35%
Estimated Monthly Fixed Cost N6,087

Projected Profit and Loss

The following table and chart outline the projected profit and loss for three years.

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15
Pro Forma Profit and Loss
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 Year 1 Year 2 Year 3
Sales N84,987 N120,000 N160,000
Direct Cost of Sales N29,745 N39,600 N52,800
Other Production Expenses N0 N0 N0
Total Cost of Sales N29,745 N39,600 N52,800
Gross Margin N55,242 N80,400 N107,200
Gross Margin % 65.00% 67.00% 67.00%
Expenses
Payroll N42,000 N44,940 N48,086
Sales and Marketing and Other Expenses N1,100 N2,000 N3,000
Depreciation N2,748 N2,748 N2,748
Leased Equipment N12,000 N12,000 N12,000
Utilities N2,400 N2,400 N2,400
Insurance N0 N0 N0
Rent N6,500 N6,500 N6,500
Payroll Taxes N6,300 N6,741 N7,213
Other N0 N0 N0
Total Operating Expenses N73,048 N77,329 N81,947
Profit Before Interest and Taxes (N17,806) N3,071 N25,253
EBITDA (N15,058) N5,819 N28,001
Interest Expense N2,200 N2,200 N2,200
Taxes Incurred N0 N261 N6,916
Net Profit (N20,006) N610 N16,137
Net Profit/Sales -23.54% 0.51% 10.09%

Chapter Four

4.0 Projected Balance Sheet

The table shows projected balance Sheet for three years.

Pro Forma Balance Sheet

Year 1 Year 2 Year 3
Assets
Current Assets
Cash N7,274 N8,720 N25,034
Accounts Receivable N9,188 N12,973 N17,297
Other Current Assets N0 N0 N0

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Total Current Assets N16,461 N21,693 N42,331
Long-term Assets
Long-term Assets N22,000 N22,000 N22,000
Accumulated Depreciation N2,748 N5,496 N8,244
Total Long-term Assets N19,252 N16,504 N13,756
Total Assets N35,713 N38,197 N56,087
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable N4,020 N5,893 N7,646
Current Borrowing N0 N0 N0
Other Current Liabilities N0 N0 N0
Subtotal Current Liabilities N4,020 N5,893 N7,646
Long-term Liabilities N22,000 N22,000 N22,000
Total Liabilities N26,020 N27,893 N29,646
Paid-in Capital N40,000 N40,000 N40,000
Retained Earnings (N10,300) (N30,306) (N29,697)
Earnings (N20,006) N610 N16,137
Total Capital N9,694 N10,303 N26,441
Total Liabilities and Capital N35,713 N38,197 N56,087
Net Worth N9,694 N10,303 N26,441

4.1 Projected Cash Flow

The following table and chart show the projected cash flow for Akur Antyev & Sons Electrical
Company.

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Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Sales N21,247 N30,000 N40,000
Cash from Receivables N54,553 N86,215 N115,676
Subtotal Cash from Operations N75,800 N116,215 N155,676
Additional Cash Received
Sales Tax, VAT, HST/GST Received N0 N0 N0
New Current Borrowing N0 N0 N0
New Other Liabilities (interest-free) N0 N0 N0
New Long-term Liabilities N0 N0 N0
Sales of Other Current Assets N0 N0 N0
Sales of Long-term Assets N0 N0 N0
New Investment Received N0 N0 N0
Subtotal Cash Received N75,800 N116,215 N155,676
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending N42,000 N44,940 N48,086
Bill Payments N56,226 N69,829 N91,276
Subtotal Spent on Operations N98,226 N114,769 N139,362
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out N0 N0 N0
Principal Repayment of Current N0 N0 N0
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Borrowing
Other Liabilities Principal Repayment N0 N0 N0
Long-term Liabilities Principal Repayment N0 N0 N0
Purchase Other Current Assets N0 N0 N0
Purchase Long-term Assets N0 N0 N0
Dividends N0 N0 N0
Subtotal Cash Spent N98,226 N114,769 N139,362
Net Cash Flow (N22,426) N1,446 N16,314
Cash Balance N7,274 N8,720 N25,034

4.2 Business Ratios

The following table provides important ratios for the industry, as determined by the Standard
Industry Classification (SIC) Index, 4911, Electrical Company Services.

Ratio Analysis
Year 1 Year 2 Year 3 Industry
Profile
Sales Growth 0.00% 41.20% 33.33% -1.20%
Percent of Total Assets
Accounts Receivable 25.73% 33.96% 30.84% 5.10%
Other Current Assets 0.00% 0.00% 0.00% 26.70%
Total Current Assets 46.09% 56.79% 75.47% 32.80%
Long-term Assets 53.91% 43.21% 24.53% 67.20%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 11.26% 15.43% 13.63% 21.10%
Long-term Liabilities 61.60% 57.60% 39.22% 38.10%
Total Liabilities 72.86% 73.03% 52.86% 59.20%
Net Worth 27.14% 26.97% 47.14% 40.80%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 65.00% 67.00% 67.00% 57.80%
Selling, General & Administrative 88.54% 66.49% 56.91% 22.80%
Expenses
Advertising Expenses 1.29% 1.67% 1.88% 0.10%
Profit Before Interest and Taxes -20.95% 2.56% 15.78% 11.10%
Main Ratios
Current 4.10 3.68 5.54 1.45
Quick 4.10 3.68 5.54 1.09
Total Debt to Total Assets 72.86% 73.03% 52.86% 59.20%
Pre-tax Return on Net Worth -206.39% 8.45% 87.19% 4.10%
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Pre-tax Return on Assets -56.02% 2.28% 41.10% 10.20%
Additional Ratios Year 1 Year 2 Year 3
Net Profit Margin -23.54% 0.51% 10.09% n.a
Return on Equity -206.39% 5.92% 61.03% n.a
Activity Ratios
Accounts Receivable Turnover 6.94 6.94 6.94 n.a
Collection Days 58 45 46 n.a
Accounts Payable Turnover 14.99 12.17 12.17 n.a
Payment Days 27 25 27 n.a
Total Asset Turnover 2.38 3.14 2.85 n.a
Debt Ratios
Debt to Net Worth 2.68 2.71 1.12 n.a
Current Liab. to Liab. 0.15 0.21 0.26 n.a
Liquidity Ratios
Net Working Capital N12,442 N15,799 N34,685 n.a
Interest Coverage -8.09 1.40 11.48 n.a
Additional Ratios
Assets to Sales 0.42 0.32 0.35 n.a
Current Debt/Total Assets 11% 15% 14% n.a
Acid Test 1.81 1.48 3.27 n.a
Sales/Net Worth 8.77 11.65 6.05 n.a
Dividend Payout 0.00 0.00 0.00 n.a

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