HI INNOVATOR YAW OBJECTIVES SHEET

Objectives

1. To increase production from 17,274 to 30,000 uniforms per year through the acquisition of machinery that will reduce on the turnaround time.
2. To enhance skills development and entrepreneurship training.

Outcomes

1. Increased production output from 17,294 uniforms to 30,000 Uniforms with reduced turnaround time and gross revenue from ugx 55,425, 500 to UGX 200,
000,000 per year.
2. Increase on the intake of trainees from 10 to 30 per quarter and streamline company operations.

Success metrics/Key Indicators:

1. Increased production output from 17,294 uniforms to 30,000 Uniforms with reduced turnaround time and gross revenue by 28% (Ugx 55,425, 500 to Ugx
200, 000,000 ) per year.
2. Sales Pipeline Velocity and increase in Intake of trainees from 10 to 30 people per quarter.

Budget UGX 75,000,000 = 6 months

Prepared by:

OAK KNIT MANUFACTURERS (U) LIMITED

Reviewed by Startup Advisor(s):

Outbox (U) Limited MKAZIPRENEUR SOCIAL ENTERPRISES LIMITED

Approved by NSSF:

National Social Security Fund

 HI INNOVATOR WORK PLAN & BUDGET SUMMARY

Item Description Means of Verification Mth1 Mth2 Mth3 Mth4 Mth5 Mth6 Total % of total Budget

Key Result 1: Increased production output from 17,294 uniforms to 30,000 Uniforms with reduced turn around time and gross revenue from UGX 55,425, 500 to UGX 200, 000,000 per year.

Activity 1.1: Increase uniform production through acquistion Delivery note , tax
of machinery. (1 Industrial 4 head embroidery machine ) invoice, Reciepts,
The Embroidery department will have faster turn out time production records 20,000,000 0 9,330,000 25,000,000 11,780,000 0 66,110,000 88%
and productivy.

Total of Key Result 1 66,110,000 88%

Key Result 2: Increase on the intake of trainees from 10 to 30 per quarter and streamline company operations.

Activity 2.1 : Improve Brand visibility of the training center Tax invoice, Reciepts, link
through marketing i.e Website development, using to functional website
Influencers and media outlets to publicize the program that 2,450,000 2,100,000 2,900,000 0 0 0 7,450,000 10%
will reach a diverse number of clients.
Activity 2.2 : Streamline company operations by hiring a Updated management
probono financial accountant to provide financial services accounts and installation
for at least 1 year & acquire an accounting system from receipts, 720,000 0 0 0 0 720,000 1,440,000 2%
Mikono that supports inventory management & generation
of financial reports

Total of Key Result 2 8,890,000 12%

Overall total UGX 23,170,000 UGX 2,100,000 UGX 12,230,000 UGX 25,000,000 UGX 11,780,000 UGX 720,000 UGX 75,000,000 100%

Prepared by:

OAK KNIT MANUFACTURERS (U) LIMITED

Reviewed by Startup Advisor(s):

Outbox (U) Limited MKAZIPRENEUR SOCIAL ENTERPRISES LIMITED

Approved by NSSF:

National Social Security Fund

 ANNEXURE III: BUDGET FOR REQUISITION

Incubatee name (As per the contract): OAK KNIT MANUFACTURERS (U) LIMITED
Incubatee company : OAK KNIT MANUFACTURERS (U) LIMITED
Reporting period : JUNE - NOVEMBER 2023

OAK KNIT MANUFACTURERS (U) LIMITED Budget for set Milestones

JUNE-NOVEMEBER 2023
Previous
Line item Total Budgeted Request for Total Cumulative
Description of Goods and services Unit/form Quantity Unit price (UGX) Cumulative Balance
no Amount (UGX) Expenditure now Expenditure
Expenditure

Key Result 1: Increased production output from 17,294 uniforms to 30,000 Uniforms with reduced turn around time and gross revenue from UGX 55,425, 500 to UGX 200, 000,000 per year.

Activity 1.1: Increase uniform production through acquistion of machinery. (1 Industrial 4 head embroidery machine ) The Embroidery department will have faster turn out time and productivity.

1 Industrial 4 head embroidery machine Machine 1 43,580,000 UGX43,580,000 UGX0 UGX20,000,000 UGX20,000,000 UGX23,580,000
2 Industrial button fixing machine Machine 1 4,480,000 UGX4,480,000 UGX0 UGX0 UGX0 UGX4,480,000
3 Industrial flat button sewing machine Machine 1 4,480,000 UGX4,480,000 UGX0 UGX0 UGX0 UGX4,480,000
4 Industrial sewing machine Machine 5 650,000 UGX3,250,000 UGX0 UGX2,000,000 UGX2,000,000 UGX1,250,000
5 Domestic sewing machine piece 9 230,000 UGX2,070,000 UGX0 UGX1,580,000 UGX1,580,000 UGX490,000
6 Industrial Elastic Machine Machine 1 4,500,000 UGX4,500,000 UGX0 UGX2,000,000 UGX2,000,000 UGX2,500,000
7 Due Diligence fees Fee 1 3,750,000 UGX3,750,000 UGX0 UGX3,750,000 UGX3,750,000 UGX0
Subtotal UGX66,110,000 UGX0 UGX29,330,000 UGX29,330,000 UGX36,780,000

Activity 2.1: Improve Brand visibility of the training center through marketing i.e Website development, using Influencers and media outlets to publicize the program.
8 Website Development Platform 1 2,900,000 UGX 2,900,000 UGX 0 UGX 2,900,000 UGX 2,900,000 UGX 0
9 Brands & Marketing Platform 1 2,100,000 UGX 2,100,000 UGX 0 UGX 2,100,000 UGX 2,100,000 UGX 0
10 Wooden Long tables Pieces 3 120,000 UGX 360,000 UGX 0 UGX 360,000 UGX 360,000 UGX 0
11 2plky yarn Pieces 20 5,000 UGX 100,000 UGX 0 UGX 100,000 UGX 100,000 UGX 0
12 Velvet yarn piece 40 15,000 UGX 600,000 UGX 0 UGX 600,000 UGX 600,000 UGX 0
13 Milk yarn 4ply piece 54 5,000 UGX 270,000 UGX 0 UGX 270,000 UGX 270,000 UGX 0
14 Industrial steam flat iron piece 1 370,000 UGX 370,000 UGX 0 UGX 370,000 UGX 370,000 UGX 0
15 chairs piece 10 45,000 UGX 450,000 UGX 0 UGX 450,000 UGX 450,000 UGX 0
16 White board Pieces 1 300,000 UGX 300,000 UGX 0 UGX 300,000 UGX 300,000 UGX 0
Sub-total UGX7,450,000 UGX0 UGX7,450,000 UGX7,450,000 UGX0

Activity 2.2 : Streamline company operations by hiring a probono financial accountant to provide financial services for at least 1 year & acquire an accounting system from Mikono that supports
inventory management & generation of financial reports.

17 Financial System(Mikono) Platform 1 UGX 1,440,000 UGX 1,440,000 UGX0 UGX720,000 UGX720,000 UGX720,000
Sub-total UGX1,440,000 UGX0 UGX720,000 UGX720,000 UGX720,000

Total program Costs UGX75,000,000 UGX0 UGX37,500,000 UGX37,500,000 UGX37,500,000

 Prepared by:

OAK KNIT MANUFACTURERS (U) LIMITED

Reviewed by Startup Advisor(s):

Outbox (U) Limited MKAZIPRENEUR SOCIAL ENTERPRISES LIMITED

Approved by NSSF:

National Social Security Fund

 ANNEXURE IV: COMPANY BANK DETAILS

COMPANY DETAILS

COMPANY NAME: OAK KNIT MANUFACTURERS (U) LIMITED

INCUBATEE NAME:(As per contract) OAK KNIT MANUFACTURERS (U) LIMITED

COMPANY TIN: 1034459110

COMPANY NSSF NUMBER: NS006370

PHYSICAL ADDRESS: MASOOLI NANGABO CLEMENT HILL ROAD-PLOT 453

EMAIL: oaksknitdesigners@yahoo.com

MOBILE NO: 0772-92-95-84 /0752-92-95-84

BANKING INFORMATION

BANK NAME: EQUITY BANK UGANDA LIMITED

ACCOUNT TITLE:
OAK KNIT MANUFACTURERS (U) LIMITED
(As appears in the bank)

BRANCH & ADDRESS: PLOT 88-94 YUSUF LULE ROAD OASIS MALL

ACCOUNT CURRENCY:
UGX

ACCOUNT NO: 1036202894167

SWIFT CODE: (Optional) EQBLUGKA

SUBMITTED BY

NAME: SARAH NABULIME SERUWAGI

TITLE/DESIGNATION: CEO

DATE: 11-May-23

INSTRUCTIONS: Please submit the signed sheet with;

1. A bank reference letter/ certificate setting out and ascertaining your account details Please include details on account name, account number,
branch
name, currency and bank/sort code. The bank reference document should be address to Outbox (U) Limited: and
2. Attach most recent statement or copy of cancelled cheque leaf.

Prepared by:

OAK KNIT MANUFACTURERS (U) LIMITED

Reviewed by Startup Advisor(s):

Outbox (U) Limited MKAZIPRENEUR SOCIAL ENTERPRISES LIMITED

Approved by NSSF:

National Social Security Fund

 ANNEXURE V: COMPANY AUTHORIZED OFFICERS

COMPANY DETAILS

COMPANY NAME / INCUBATEE NAME: (As per contract) OAK KNIT MANUFACTURERS (U) LIMITED

PHYSICAL ADDRESS: MASOOLI NANGABO CLEMENT HILL ROAD-PLOT 453

EMAIL: oaksknitdesigners@yahoo.com /snabulime@yahoo.com

PHONE NO: 0772929584/0752929584

WEBSITE: N/A

AUTHORIZED OFFICERS

1 FULL NAME: SARAH NABULIME SERUWAGI

DESIGNATION: CEO/FOUNDER

SAMPLE SIGNATURE:

2 FULL NAME:

DESIGNATION:

SAMPLE SIGNATURE:

3 FULL NAME:

DESIGNATION:

SAMPLE SIGNATURE:

SUBMITTED BY

NAME: SARAH NABUME SERUWAGI

TITLE/ DESIGNATION: CEO

DATE: 11/5/2023

INSTRUCTIONS: Please submit the signed sheet with;

1. A written authorization to represent or act on the company’s behalf. The person authorizing the other to act should be the principal, grantor, or
donor (of the power) e.g. an accredited law firm or legal entity. This should be developed by an accredited legal institution/team and submitted to
URSB for approval/certification before submission.

Prepared by:

OAKS KNIT MANUFACTURERS (U) LIMITED

Reviewed by Startup Advisor(s):

Outbox (U) Limited MKAZIPRENEUR SOCIAL ENTERPRISES LIMITED

Approved by NSSF:

National Social Security Fund

 REQUEST FOR PAYMENT FOR OPERATING FUNDS
Please Enter Information Here
Date (DD/MM/YY): 22/6/2023
Incubatee name: OAK KNIT MANUFACTURERS (U) LIMITED
Incubatee Company name: OAK KNIT MANUFACTURERS (U) LIMITED
MASOOLI NANGABO CLEMENT HILL ROAD-PLOT
Address (Complete address information here)
453

Period for request JUNE - AUGUST 2023

Amounts received to Date (Ugx) UGX0
Amounts spent to date (Ugx) UGX0
Surplus/Deficit in Expenditure (Ugx) UGX0
Amount of cash requested (Ugx) UGX37,500,000
Funds Approved by Outbox UGX37,500,000

Name: SARAH NABULIME SERUWAGI

Submitted by:
(Project Director or Financial Officer of Record for
the Seed Fund)
Signature: ___________________________

For Official Use Only

Cash drawn to date: ___________UGX 0__________

Special conditions and reporting requirements have been met:

Yes
No

Comments:
__________________________________________________________________________________________________________
______________________________________________________________________________________________

Approved for Payment

My signature below authorizes payment in the amount shown. That the invoice and supporting
documentation have been received and reviewed and are accurate, complete and consistent with
contract terms.

Prepared by:

OAK KNIT MANUFACTURERS (U) LIMITED

Reviewed by Startup Advisor(s):

Outbox (U) Limited MKAZIPRENEUR SOCIAL ENTERPRISES LIMITED

Approved by NSSF:

National Social Security Fund