1.
To provide trade (and export) development advisory
information services, and they work with and through commercial banks as their
correspondent banks.
2.
Provision of
most Government means cheques possible e.g. draft and debit card etc.
3.
To mobilize
funds for deposit and disbursement as loans and advances to members of the
community.
4.
Provisions of
Agency services like purchasing of industrial securities transfer and payment
services
5.
Provision of
security gadgets like safe deposits vault or locker for keeping valuables.
MANAGEMENT TEAM
Chief executive officer
Executive director (1) operation and
information technology
Director for operations
Director for information
Executive director 2 (retail)
Executive director 3
Executive director 4
PRODUCTION PLAN AND PRODUCTION PROCESSES
Stage1: Board of directors
Stage 2: Registration of the company
according to allied matter’s act.
Stage 3: Fund capitalization
Stage 4: Land acquisition and a
structure
Stage 5: Human capital
Stage 6: Strategy and management team
Stage 7: Consultants
Stage 8: Management/CEO
Stage 9: Executive management team.
MARKETING PLAN
(a)
Distribution
channels: This is planning in order to keep in constant with our customers
through mobile phones, at the same time there will be provision for e banking
so that people from diverse places can bank with us at any point in time.
(b)
Sales quota: every department will be assigned to
sale quota; to enable them achieved their estimated target sales of 81 million
annually.
(c)
Advertisement/ sales promotion
Advertising on
television - N10,000
Advertising on
newspaper - N20,000
Advertising on
internet - N10,000
Advertising on
radio N 40,000
Total N80,000
D. Management’s
sales promotional activities /negotiation: In all, the manager and executive
directors will try to secure the retail customers, commercial customers and
public sector and make sure they are in good term with them.
MANPOWER
REQUIREMENT
|
General Manger
Office
Branch Manager
Secretary
|
1 @ N300,000 per month
1 @ N30,000 per month
|
|
Marketing and
Sales Department
Marketing
Manager
Sales
Representatives
Secretary
|
1 @ N250,000
per month
6 @ N25,000
per month
1 @ N15,000
per month
|
|
Warehouse
Department
Security men
Cleaners
Drivers
|
6 @ N300,000
per month
4 @ N300,000
per month
4 @ N300,000
per month
|
|
TOTAL
|
N4,945,000
|
ESTIMATED
CAPITAL EXPENDITURE
The estimates of
capital expenditure will be mainly on quotation received from prospective
suppliers. It comprises the cost of transportation as well as installation.
Assuming the next 10 years
Land building
N5,000,000
Plant and machinery N3,000,000
Office furniture & equipment N450,000
2 office cars
N20,000,000
Tools and miscellaneous items N50,000
N10,500,000
ESTIMATED
WORKING CAPITAL
Labour _____________ N7, 194,000
Raw material __________ N5,000,000
Other operations management _ N100,000
N12, 294.000
PROJECT INCOME
STATEMENT:
Below are the income statement
Sales N81 000,000
Wages & salaries
N43, 164,000
Fuel and power
N800,000
Insurance
N5,000,000
Advertisement
N85,000
Maintenance/repairs
N1,000,000
Stationery
N45,000
Miscellaneous N50,000
Total operating expenses N50, 528,000
Net profit before tax N30,
472,000
Less 40% tax
N12, 188,800
Net profit
N18,283,200
PROFITABILITY
ANALYSIS
Sales per annum
N81,000,000
Sales per month
N6,750,000
Expenses per annum
N50,528,000
Expenses per month
N4,210,666.00
Thus profit per month = sales per month
– expenses per month =N6, 750,000 - N4, 210,666.00 per month
Profit per month = N2, 539,334.00
Profit per annum= sales per annum-
expenses per annum
N81,
000,000 -N50, 528,000
Profit per annum = N30, 472,000
Less 40% tax = 40/100 X profit per annum
Less 40% tax =40/100 X 30,
472,000 =N12,188,800
Net profit after tax = profit per annum
=Less 40% tax
Net profit after tax =N30, 472,000 –N12,
188,800 =N18, 283,200
ANNUAL RATE OF
RETURN
Rate of return = Profit X
100
Total investment 1
But, net profit = N18, 283.200
Total investment =
N50,528,000
Rate of return = N18, 283,200 X
100
50,528,000 1
.: Rate of return = 36.184 = 36%
BENEFIT
1.
Increase
in standard of living.
2.
Brings about civilization and development
3.
Reduction
of unemployment.
4.
Reduction in risk of carrying huge amount of
money around
5.
Granting
of loan to farmers, and business enterprises etc
6.
The
bank will be socially responsible in Ohaozara Local Government Area
7.
The potential investors would employ
attraction of new investors through establishment of community, which will
invariably reduce a percentage of poverty in the community as well.
8.
Increase
in revenue generation to the local government
9.
The
bank will serve as means of keeping assets.
CONCLUSION
As every level
of government of the country are interested in increasing economic growth and
development, from this analysis and research, we can all seen that there are a
lot of opportunity embedded into it, in which the community members, Local
Government, State and mostly the entrepreneurs, as we have seen that the
business is feasible and viable with a the consideration of rate of return of
36%, so the entrepreneurs can venture into the establishment, since the mutual
benefit is well encouraging at the same time changing the standard of living of
the community.