Points to be discussed.

1 Jay will use pick up with driver.

2 Net profit sharing every month after all deduction including repay of capital in equal 24
installments and tax 15%. (8m / 24 = 350k approx monthly installment + interest 16%p.a.)
3 Bank account will be used by both signed, in case of Jay is out of country, will give bank
instruction by email or in a person to validate single sign of Amitbhai,
4 There will be only two partners legally. 1 – Jay Shitole 2 – Amit Panchmatia ( 50% -50% )
5 Need initial investment of 8m which should be deposited in company bank account.
6 Jay will be responsible to carried out business and operation
7 Workers salary will be on weekly basis.
8 Godown rent will be 30k and 70k will be in cash. Rent will be started from 20/02/24.
9 Jay salary will be 100k for two months and after that 150k for next ten month and then will
be subject to review. Salary will be started from 20/02/24
10 Company will buy a car for Jay after two months. Jay will repay that amount with the
interest in next 12 months.
11 Company will pay patrol and other marketing expenses., and maintenance of jay car will be
company responsibility.
12 Company will pay 16% p.a. interest on the borrowed capital on reducing amount.
13 Amitbhai will support to increase working capital, buying new machines or for exports order
whenever required and will be calculated in capital borrowed.
14 Within two months of operation, company should buy / import crusher machine.
15 Jay’s visa / work permit cost will be paid by company and Jay will repay in twelve equal
installments.

CAPITAL REQUIRED in KSH

1 Compressing machine 25,00,000
2 Forklift 20,00,000
3 license and legal expenses 5,00,000
4 weighing machine 2,00,000
5 working capital 28,00,000
Raw mat. / Salary / electric bill / packing mat.
Transport / maintenance of machine.. Etc.
TOTAL 80,00,000