BUSINESS PLAN OF ADCOM FURNITURE JOINT
STOCK COMPANY
1. Company name
ADCOM Furniture Joint Stock Company
Business name: ADCOM Furniture
Abbreviation name: ADCOM FR
2. Location
Head office:
Floor 8th,
Factory: Phung
Industrial Zone, Ha
-
About 21 km from
-
It’s in between Highway No. 32 (actually being
renovated to about 40m with) and Hoang Quoc Viet road soon extended. This makes
very quick and easy to access from
- The cheap price for land used with already build infrastructure (roads, drainage system, power…) is 300,000VND or19$ (at about 1/3 rate in comparison with others) for 49 years (39 years expiration of the lease in others). This price would be increased to doulbe or threefold when renovation of highway No.32 completed.
- The industrial zone is near by Phung town very convenient for work and living of employee.
3. Business activities
- Furniture
- Doors and office partitions
- Wood and interior furniture products im- export
- Aluminum-glass window, partitions and floor panel
4. Investment budget
- Lease for land (49 years): 4000m2 x 19$ = 76,000$
- Warehouse and workshop: 50$ x 1000m2 = 50,000$
- Management office: 62$ x 300m2 = 18,600$
- Facilities (drainage, water supply, road, pavement…): 25,000$
- Production machinery: 31,500$
- Liquid capital: 37,500$
- Total: 238,350$
Capital structure
- ADCOM Co., Ltd: 40%
- ADCOM’s staffs and partners: 60%
5. Business plan for the first 5 years
Business target:
In the beginning of 5 years period, top priority will be given to develop
furnishing project in oder to high turnover. Next, to step up production and distribution doors and partitions
under Adcom trademark. To 2011-2012 period,
ADCOM Furniture will be trademark of repute in the market as door and partition
products.
After forming ADCOM brand successfully, will expand its activities into the export market, also do outwork under overseas in plan for the second 5 years business plan. And the next step will be to list on the stocks market.
INCOME STATEMENT
Unit: USD
|
Ratio of manority activities’ turnover |
2007-2008 |
2008-2009 |
2009-2010 |
2010-2011 |
2011-2012 |
|
Furniture project |
90% |
80% |
70% |
60% |
50% |
|
|
10% |
20% |
30% |
40% |
50% |
|
Activities |
|
|
|
|
|
|
Furniture project |
225,000 |
280,000 |
367,500 |
409,500 |
443,625 |
|
|
25,000 |
70,000 |
157,500 |
273,000 |
443,625 |
|
Total turnover |
250,000 |
350,000 |
525,000 |
682,500 |
887,250 |
|
Expenses |
|
|
|
|
|
|
Cost of production (80%) |
200,000 |
280,000 |
420,000 |
546,000 |
709,800 |
|
Depreciation of fixed assets |
7,813 |
7,813 |
7,813 |
7,813 |
7,813 |
|
Total expenses |
207,813 |
287,813 |
427,813 |
553,813 |
717,613 |
|
Profit before taxes |
42,187 |
62,187 |
97,187 |
128,687 |
169,637 |
|
Company income tax (28%) |
11,813 |
17,412 |
27,212 |
36,032 |
47,498 |
|
Net profit |
30,374 |
44775 |
69,975 |
92,655 |
122139 |
|
Return on investment (ROI) |
12,8% |
18,9% |
29,5% |
39% |
51,4% |
|
Average on income |
|
|
|
|
30,3% |
6. Organisation
chart
7. Schedule
- To list foundation of shadeholders: 25/11
- Paper works for submission: 30/11
-
Adcom Furniture Joint stock company opening ceremony:
8. Other
information
- Charter capital: 238,350$
- The number of shares: 3,800
- Shares value: 62.723$
- Stocks value: 0.627$
- Foundation of shareholder’s requirement: Have to own 5% of charter capital and to make a contribution from date of business licence.
- Other shareholder: To make a financial contribution within 6 months from date of business licence.
ADCOM
Board of equitisation