HighTech Auto Repair Business PLan

September 2001

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Table of Contents

Page 1

1.0 Executive Summary.............................................................................................................................11.1 Mission ........................................................................................................................................11.2 Keys to Success ........................................................................................................................21.3 Objectives ...................................................................................................................................2

2.0 Company Summary.............................................................................................................................22.1 Start-up Summary ......................................................................................................................3

3.0 Products and Services........................................................................................................................54.0 Market Analysis Summary ..................................................................................................................5

4.1 Market Segmentation ................................................................................................................54.2 Service Business Analysis........................................................................................................6

4.2.1 Competition and Buying Patterns................................................................................65.0 Strategy and Implementation Summary ............................................................................................6

5.1 Competitive Edge ......................................................................................................................65.2 Marketing Strategy.....................................................................................................................75.3 Sales Forecast ...........................................................................................................................7

6.0 Management Summary ....................................................................................................................106.1 Personnel Plan .........................................................................................................................10

7.0 Financial Plan ....................................................................................................................................127.1 Projected Cash Flow ...............................................................................................................127.2 Break-even Analysis................................................................................................................147.3 Projected Profit and Loss .......................................................................................................167.4 Projected Balance Sheet ........................................................................................................197.5 Business Ratios .......................................................................................................................20

HighTech Auto Repair

Page 1

1.0 Executive Summary

HighTech is the desire of Ortega, Magala, Kyambadde, Wasiike and Banyikidde whotogether have 5 years experience as auto mechanics. The five have a dream of startingup their own company and offering better service to their clients than competitors.

1.1 Mission

HighTech Auto Repair's mission is to completely satisfy its clients through providing highquality, convenient and comprehensive auto repair at fair cost. The most importantaspect of our business is trust.


Page 2

1.2 Keys to Success

Provide high quality services to meet our clients satisfaction.Dedicated customer support and updating our clients as regards the progress oftheir vehicle repair.Skilled mechanics that are friendly, customer oriented, and will take the time toexplain to customer the intricate nature of our business and our work.State-of-the-art technology and a conducive working environment.

Managing the business by implementing, and consistently measuring andadjusting the fundamentals of a Balanced Scorecard:

Financial Goals vs. ResultsInternal Business Process Goals vs. ResultsEmployee Learning and Growth Goals vs. ResultsCustomer Satisfaction Goals vs. Results

1.3 Objectives

The objectives over the next three years for HighTech Auto Repair are the following:

To sales revenues increase steadily through year one.To institute a program of superior customer service through rigorous evaluationof service experience.To solve the present working capital shortage allowing us to hire more mechanics andequipment.

2.0 Company Summary

The company will be a limited liability company registered in the city of Kampala,Uganda.The firm will have facilities on Dewinton Road Plot No.567 neighbouring Centenary Parkacross the road. The facilities will contain a four-bay garage, office space and storage spacefor tools, spare parts,Washing bay,restaurant,parking space,dinning and changing rooms.


Page 3

2.1 Start-up Summary

The data obtained for the start-up comes from research done in the Kampala city withother big mechanic shops who have started their own business. Inflation has been takeninto account between the estimates of these fellow business owners (and when theystarted) and the current prices for expensed items.

Much of the equipment to go into the facilities such as tools, air compressors, etc., arecurrently owned by the five partners.

Table: Start-up Funding

Start-up Funding

Start-up Expenses to Fund Ug.Shs5,150,000

Start-up Assets to Fund Ug.Shs31,650,000

Total Funding Required Ug.Shs36,800,000

Assets

Non-cash Assets from Start-up Ug.Shs26,500,000

Cash Requirements from Start-up Ug.Shs5,150,000

Additional Cash Raised Ug.Shs0

Cash Balance on Starting Date Ug.Shs5,150,000

Total Assets Ug.Shs31,650,000

Liabil ities and Capital

Liabil ities

Current Borrowing Ug.Shs10,000,000

Long-term Liabilities Ug.Shs0

Accounts Payable (Outstanding Bills) Ug.Shs0

Other Current Liabil ities (interest-free) Ug.Shs0

Total Liabil ities Ug.Shs10,000,000

Capital

Planned Investment

Ortega Ian Ug.Shs5,360,000

Magala Bogia Ug.Shs5,360,000

Kyambadde Francisco Ug.Shs5,360,000

Wasike Eria Ug.Shs5,360,000

Bannyikidde Ashirafu Ug.Shs5,360,000

Additional Investment Requirement Ug.Shs0

Total Planned Investment Ug.Shs26,800,000

Loss at Start-up (Start-up Expenses) (Ug.Shs5,150,000)

Total Capital Ug.Shs21,650,000

Total Capital and Liabil ities Ug.Shs31,650,000

Total Funding Ug.Shs36,800,000


Page 4

Table: Start-up

Start-up

Requirements

Start-up Expenses

Legal Ug.Shs1,500,000

Stationery etc. Ug.Shs500,000

Advertising Ug.Shs600,000

Phone Ug.Shs200,000

Rent Ug.Shs400,000

Util ities Ug.Shs350,000

Computer Ug.Shs1,000,000

Other Ug.Shs600,000

Total Start-up Expenses Ug.Shs5,150,000

Start-up Assets

Cash Required Ug.Shs5,150,000

Start-up Inventory Ug.Shs3,000,000

Other Current Assets Ug.Shs3,500,000

Long-term Assets Ug.Shs20,000,000

Total Assets Ug.Shs31,650,000

Total Requirements Ug.Shs36,800,000


Page 5

3.0 Products and Services

HighTech Auto offers a wide range of services as outlined in the detailed sections below. Itis ultimately the goal of the company to offer a one-stop facility for all auto servicing needs,including brakes, transmission, wheel alignment, etc. In this way the company can offergreater perceived value for the customer than many other shops which specialize incertain areas.

The industry is highly competitive with suppliers having a great deal of power in setting andnegotiating the prices of their products and services to repair shops. In addition, becausethe customers see the service as undifferentiated and a "commodity" with little valueseparation between competitors, buyer power is also very high. Finally, the barriers toentry are moderately low, and the large number of competitors in this field, includingsubstitutes (such as do-it-yourself work) mean that the pricing for such services are verycompetitive. The only way to have an advantage in this industry is a low cost leadershipprincipal applied aggressively or to create higher switching costs through the building ofstrong business to customer ties.

Also the integration of other facilitating services and products like restaurants,waiting gardensand a washing bay will put us at an advantage over our competitors.

HighTech Auto Repair will hire trained and certified mechanics who are able to prove theyhave superior customer awareness and interaction. It is the company's professionalpeople who will fulfill the firm's contracts and goals. The largest part of the company'sexpenses will be in labor costs.

4.0 Market Analysis Summary

Since HighTech will be able to service any vehicle on the road, including motorcycles andcampers, it does not make any sense to segment our market. Our potential customersinclude every household/organisation in Kampala that owns one or more vehicles. Theindustry does not have any seasonality that affects it.

4.1 Market Segmentation

The following table and chart show the market analysis for HighTech Auto Repair.

Table: Market Analysis

Market Analysis

2013 2014 2015 2016 2017

Potential Customers Growth CAGR

Number of cars in Kampala 7% 700,000 1,260,000 1,350,000 1,590,000 1,641,000 23.74%

Other 2% 300 0 0 0 0 -100.00%

Total 23.72% 700,300 1,260,000 1,350,000 1,590,000 1,641,000 23.72%


Page 6

4.2 Service Business Analysis

This section is covered in the Competitive Comparison section of the Plan.

4.2.1 Competition and Buying Patterns

While many customers looking to purchase automotive repair services are concerned withprice, the primary concern is with building a relationship of trust between themselves andtheir service provider. A large number of people within the country have experienced orheard of bad service encounters within this market. As a person's car is usually connectedin one way or another with that individual's livelihood, a dependable automobile is crucial.Therefore, many clients are willing to pay a little more for a mechanic they feel does aquality job and understands their needs.

An automotive repair company that can anticipate, meet, and even exceed customer'sneeds can build a defensible position within the market place and acquire market share atthe expense of other rivals.

5.0 Strategy and Implementation Summary

The following section outlines the company's strategic focus in growing the business.

5.1 Competitive Edge

HighTech Auto's competitive edge lies in the vision of its partners, who understand betterthan many of their rivals that a service visit does not just include repairing a client's car, itincludes the entire service experience from the first time a client talks to their mechanicuntil they decide to stop driving. The long-term profitability of a service firm of this type liesin the repeat customer that find HighTech's services an excellent experience, DESPITE thefact that they usually have suffered a inconvenient breakdown. The company will seek toexamine ALL aspects of the service experience to seek ways to improve its customersatisfaction. In addition, all employees will be rigorously trained and retrained to thinkabout customer satisfaction in order to create a self-sustaining company culture thatrevolves around this issue.


Page 7

5.2 Marketing Strategy

The company has a modest program of marketing its services that include the following:

1. Flyers.2. Direct mailers3. Discounts.4. Newspaper adverts.5. Yellow pages.6. Referrals through other local businesses.

Each of these marketing approaches has the advantage of being low cost and creatingservice awareness. The company's long-term marketing goals are to use local radio andTV advertismment.

The company is also investigating the possibility of having a grand opening program thatwould feature discounts, food, a local radio disc jockey, and other promotional ideas.

5.3 Sales Forecast

Since the automotive repair industry is, operationally, a job-shop environment, it issomewhat difficult to estimate sales. For job-shops, each individual product or service istailored or unique to that job, and is only initiated once an order is made. However, thesales forecast reflect the professional opinion of the owners in how much sales they willmake based on the following assumptions:

1. The number of clients owners can attract from their colleagues.2. The effect of planned promotions and word-of-mouth marketing.3. Current prices and costs of doing business.4. The types of automobiles and jobs that will occur in every month.

For the most part, sales for an automobile repair firm are steady year round and reflectlittle seasonality.

The table and charts below outline the sales forecast. Three years of annual sales andcosts of sales are shown. Twelve monthly tallies are included in the appendices.


Page 8


Page 9

Table: Sales Forecast

Sales Forecast

FY 2014 FY 2015 FY 2016

Sales

Routine maintenance Ug.Shs106,921,425 Ug.Shs79,800,000 Ug.Shs85,000,000

Small repair jobs Ug.Shs20,140,722 Ug.Shs20,000,000 Ug.Shs21,500,000

Large repair jobs Ug.Shs255,000,000 Ug.Shs100,000,000 Ug.Shs120,000,000

Total Sales Ug.Shs382,062,147 Ug.Shs199,800,000 Ug.Shs226,500,000

Direct Cost of Sales FY 2014 FY 2015 FY 2016

Routine maintenance Ug.Shs44,721,140 Ug.Shs25,000,000 Ug.Shs35,000,000

Small repair jobs Ug.Shs7,096,025 Ug.Shs6,000,000 Ug.Shs15,000,000

Large repair jobs Ug.Shs85,840,164 Ug.Shs30,000,000 Ug.Shs75,000,000

Subtotal Direct Cost of Sales Ug.Shs137,657,329 Ug.Shs61,000,000 Ug.Shs125,000,000


Page 10

6.0 Management Summary

Magala Bogia began working as an apprentice mechanic in his father's shop in 1998. Sincethat time, he has worked for a variety of automotive shops and dealerships and hasnumerous certificates in automobile repair. During the past two years Mr. Ford hasattended Bellevue Community College where he received an Associates degree in businessadministration in June of 2010. Currently, he is pursuing a bachelor's degree in Automotiveand Power Engineering at Kyambogo University.

Kyambadde Francisco attended Musa Body Technical Institute in Katwe where he received acertificate in electronics repair in 2008. In 2009 Mr. Kyambadde went to work for ToyotaUganda branch he worked on automotive electrical and electronic systems. Desiring toexpand his skills, Mr. Kyambadde received a mechanic's certificate in 2010 and since thenhas become certified in various automotive fields. In anticipation of HighTech businessneeds, Mr. Kyambadde is taking night classes at Uganda Managment Institute (UMI) inmarketing.

Ortega Ian probably the most learned and experienced in the team has all the technical skillsup his sleeves. He has consulted for SpearMotors, worked part-time at Roofings UgandaLimited. He boasts of a wide range of education advancements which include, a Higher Diploma inMechatronics engineering from MIT, he is currently pursuing a degree in mechanical andmanufacturing engineering.

On the team is, Wasiike Eria and Banyikidde Ashiraf who together scooped awards in themanagement fellowship that was organised. The two are students at Kyambogo univeristypursuing Automotive and Power Engineering. They used to own a company that they later soldoff to Nissan motors Uganda limited.

6.1 Personnel Plan

HighTech Auto Repair initial staffing will consist of Wasiike, Magala, Kyambadde, Ortega andBanyikidde, plus Ortega's wife who will act as a part-time office manager. The companywill seek two entry level mechanics to be hired within a few months after the company isoperating. Accounting, bookkeeping, and marketing services will be outsourced. Thecompany's intermediate goal is to have four full time, fully trained mechanics at theoriginal facility, plus a full-time office manager. However, management has decided toawait future developments before determining the best time to bring on such personnel.


Page 11

Table: Personnel

Personnel Plan

FY 2014 FY 2015 FY 2016

Mr. Kyambadde Francisco Ug.Shs4,257,610 Ug.Shs3,600,000 Ug.Shs3,600,000

Mr. Wasike Erias Ug.Shs3,600,000 Ug.Shs3,600,000 Ug.Shs3,600,000

Mr. Magala Bogia Ug.Shs3,804,752 Ug.Shs3,600,000 Ug.Shs3,600,000

Mr. Ortega Ian Ug.Shs3,804,752 Ug.Shs3,600,000 Ug.Shs3,600,000

Mr. Bannyikide Ashirafu Ug.Shs3,600,000 Ug.Shs3,600,000 Ug.Shs3,600,000

3 Apprentice mechanic Ug.Shs1,419,208 Ug.Shs1,000,000 Ug.Shs1,000,000

Total People 8 8 8

Total Payroll Ug.Shs20,486,322 Ug.Shs19,000,000 Ug.Shs19,000,000


Page 12

7.0 Financial Plan

The following sections outline the financial plan for HighTech Auto Repair.

7.1 Projected Cash Flow

The following table and chart are the projected cash flow figures for HighTech.


Page 13

Table: Cash Flow

Pro Forma Cash Flow

FY 2014 FY 2015 FY 2016

Cash Received

Cash from Operations

Cash Sales Ug.

Shs343,855,932

Ug.Shs179,820,000 Ug.Shs203,850,000

Cash from Receivables Ug.

Shs20,679,126

Ug.Shs28,341,270 Ug.Shs21,425,138

Subtotal Cash from Operations Ug.

Shs364,535,058

Ug.Shs208,161,270 Ug.Shs225,275,138

Additional Cash Received

Sales Tax, VAT, HST/GST Received Ug.Shs0 Ug.Shs0 Ug.Shs0

New Current Borrowing Ug.

Shs10,000,000

Ug.Shs0 Ug.Shs0

New Other Liabil ities (interest-free) Ug.Shs6,000,000 Ug.Shs0 Ug.Shs0

New Long-term Liabil ities Ug.

Shs10,000,000

Ug.Shs0 Ug.Shs0

Sales of Other Current Assets Ug.

Shs10,000,000

Ug.Shs0 Ug.Shs0

Sales of Long-term Assets Ug.Shs0 Ug.Shs0 Ug.Shs0

New Investment Received Ug.

Shs23,446,393

Ug.Shs0 Ug.Shs0

Subtotal Cash Received Ug.

Shs423,981,452

Ug.Shs208,161,270 Ug.Shs225,275,138

Expenditures FY 2014 FY 2015 FY 2016

Expenditures from Operations

Cash Spending Ug.

Shs20,486,322

Ug.Shs19,000,000 Ug.Shs19,000,000

Bill Payments Ug.

Shs178,254,513

Ug.Shs221,171,697 Ug.Shs227,506,466

Subtotal Spent on Operations Ug.

Shs198,740,835

Ug.Shs240,171,697 Ug.Shs246,506,466

Additional Cash Spent

Sales Tax, VAT, HST/GST Paid Out Ug.

Shs12,000,000

Ug.Shs20,000,000 Ug.Shs22,000,000

Principal Repayment of Current Borrowing Ug.

Shs11,353,623

Ug.Shs0 Ug.Shs0

Other Liabilities Principal Repayment Ug.Shs0 Ug.Shs0 Ug.Shs0

Long-term Liabilities Principal Repayment (Ug.Shs3) Ug.Shs0 Ug.Shs0

Purchase Other Current Assets Ug.Shs0 Ug.Shs0 Ug.Shs0

Purchase Long-term Assets Ug.

Shs17,152,869

Ug.Shs15,000,000 Ug.Shs13,000,000

Dividends Ug.Shs7,640,218 Ug.Shs20,956,600 Ug.Shs20,956,600

Subtotal Cash Spent Ug.

Shs246,887,543

Ug.Shs296,128,297 Ug.Shs302,463,066

Net Cash Flow Ug.

Shs177,093,909

(Ug.Shs87,967,027) (Ug.Shs77,187,928)

Cash Balance Ug.

Shs182,243,909

Ug.Shs94,276,882 Ug.Shs17,088,955


Page 14

7.2 Break-even Analysis

The company's Break-even Analysis is based on an average company's running costswithin this industry, including payroll, and its fixed costs for such things as rent, utilities,etc.

Table: Break-even Analysis

Break-even Analysis

Monthly Revenue Break-even Ug.Shs6,994,346

Assumptions:

Average Percent Variable Cost 36%

Estimated Monthly Fixed Cost Ug.Shs4,474,277


Page 15


Page 16

7.3 Projected Profit and Loss

The following table and chart show the projected profit and loss for HighTech Auto Repair.


Page 17


Page 18

Table: Profit and Loss

Pro Forma Profit and Loss

FY 2014 FY 2015 FY 2016

Sales Ug.Shs382,062,147 Ug.Shs199,800,000 Ug.Shs226,500,000

Direct Cost of Sales Ug.Shs137,657,329 Ug.Shs61,000,000 Ug.Shs125,000,000

Other Production Expenses Ug.Shs3,090,000 Ug.Shs270,000 Ug.Shs320,000

Total Cost of Sales Ug.Shs140,747,329 Ug.Shs61,270,000 Ug.Shs125,320,000

Gross Margin Ug.Shs241,314,818 Ug.Shs138,530,000 Ug.Shs101,180,000

Gross Margin % 63.16% 69.33% 44.67%

Expenses

Payroll Ug.Shs20,486,322 Ug.Shs19,000,000 Ug.Shs19,000,000

Sales and Marketing and Other Expenses Ug.Shs14,500,000 Ug.Shs72,000,000 Ug.Shs72,000,000

Depreciation Ug.Shs1,320,000 Ug.Shs2,000,000 Ug.Shs2,000,000

Leased Equipment Ug.Shs2,880,000 Ug.Shs1,000,000 Ug.Shs1,000,000

Util ities Ug.Shs3,090,000 Ug.Shs5,000,000 Ug.Shs5,000,000

Insurance Ug.Shs0 Ug.Shs7,400,000 Ug.Shs7,400,000

Rent Ug.Shs5,330,000 Ug.Shs2,400,000 Ug.Shs2,400,000

Payroll Taxes Ug.Shs3,600,000 Ug.Shs3,600,000 Ug.Shs3,600,000

Other Ug.Shs2,485,000 Ug.Shs13,000,000 Ug.Shs1,300,000

Total Operating Expenses Ug.Shs53,691,322 Ug.Shs125,400,000 Ug.Shs113,700,000

Profit Before Interest and Taxes Ug.Shs187,623,496 Ug.Shs13,130,000 (Ug.Shs12,520,000)

EBITDA Ug.Shs188,943,496 Ug.Shs15,130,000 (Ug.Shs10,520,000)

Interest Expense Ug.Shs2,418,269 Ug.Shs1,864,638 Ug.Shs1,864,638

Taxes Incurred Ug.Shs55,561,568 Ug.Shs3,379,609 Ug.Shs0

Net Profit Ug.Shs129,643,659 Ug.Shs7,885,753 (Ug.Shs14,384,638)

Net Profit/Sales 33.93% 3.95% -6.35%


Page 19

7.4 Projected Balance Sheet

The following table shows the projected balance sheet.

Table: Balance Sheet

Pro Forma Balance Sheet

FY 2014 FY 2015 FY 2016

Assets

Current Assets

Cash Ug.Shs182,243,909 Ug.Shs94,276,882 Ug.Shs17,088,955

Accounts Receivable Ug.Shs17,527,089 Ug.Shs9,165,819 Ug.Shs10,390,680

Inventory Ug.Shs30,573,856 Ug.Shs13,548,173 Ug.Shs27,762,649

Other Current Assets (Ug.Shs6,500,000) (Ug.Shs6,500,000) (Ug.Shs6,500,000)

Total Current Assets Ug.Shs223,844,854 Ug.Shs110,490,873 Ug.Shs48,742,283

Long-term Assets

Long-term Assets Ug.Shs37,152,869 Ug.Shs52,152,869 Ug.Shs65,152,869

Accumulated Depreciation Ug.Shs1,320,000 Ug.Shs3,320,000 Ug.Shs5,320,000

Total Long-term Assets Ug.Shs35,832,869 Ug.Shs48,832,869 Ug.Shs59,832,869

Total Assets Ug.Shs259,677,723 Ug.Shs159,323,743 Ug.Shs108,575,153

Liabil ities and Capital FY 2014 FY 2015 FY 2016

Current Liabil ities

Accounts Payable Ug.Shs79,931,509 Ug.Shs12,648,375 Ug.Shs19,241,023

Current Borrowing Ug.Shs8,646,377 Ug.Shs8,646,377 Ug.Shs8,646,377

Other Current Liabil ities (Ug.Shs6,000,000) (Ug.Shs26,000,000) (Ug.Shs48,000,000)

Subtotal Current Liabil ities Ug.Shs82,577,886 (Ug.Shs4,705,248) (Ug.Shs20,112,600)

Long-term Liabilities Ug.Shs10,000,003 Ug.Shs10,000,003 Ug.Shs10,000,003

Total Liabil ities Ug.Shs92,577,889 Ug.Shs5,294,755 (Ug.Shs10,112,597)

Paid-in Capital Ug.Shs50,246,393 Ug.Shs50,246,393 Ug.Shs50,246,393

Retained Earnings (Ug.Shs12,790,218) Ug.Shs95,896,841 Ug.Shs82,825,994

Earnings Ug.Shs129,643,659 Ug.Shs7,885,753 (Ug.Shs14,384,638)

Total Capital Ug.Shs167,099,834 Ug.Shs154,028,988 Ug.Shs118,687,750

Total Liabil ities and Capital Ug.Shs259,677,723 Ug.Shs159,323,743 Ug.Shs108,575,153

Net Worth Ug.Shs167,099,834 Ug.Shs154,028,988 Ug.Shs118,687,750


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7.5 Business Ratios

The Business ratios give an overall idea of how profitable and at what risk level HighTechAuto repair will operate at. The ratio table gives both time series analysis and cross-sectional analysis by including industry average ratios. As can be seen from the comparisonbetween industry standards and HighTech's own ratios, there is some differences. Mostof these are due to the fact that there is a very large variance in assets, liabilities, financing,and net income between companies in this industry due to the vast differences incompany size.

Overall the company's projections show a company that faces the usual risks ofcompanies in this industry and one that will be profitable in the long-run. The companyshows that it has higher SG&A costs than other competitors, however managementhas deliberately overstated costs and minimized profits in order to create a "safe" or"buffer" zone in case of hard times or other unforeseeable problems. Pre-tax return onnet worth and pre-tax return on assets appears to be very high, especially within the firsttwo years, however this is due to the fact that the company will be operating with fewerassets than most companies in the first few years until it can build up enough cash toacquire the tools and facilities that are desired and go beyond the "adequate" level.


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Table: Ratios

Ratio Analysis

FY 2014 FY 2015 FY 2016 Industry Profile

Sales Growth 0.00% -47.70% 13.36% 4.53%

Percent of Total Assets

Accounts Receivable 6.75% 5.75% 9.57% 11.47%

Inventory 11.77% 8.50% 25.57% 6.20%

Other Current Assets -2.50% -4.08% -5.99% 33.29%

Total Current Assets 86.20% 69.35% 44.89% 50.96%

Long-term Assets 13.80% 30.65% 55.11% 49.04%

Total Assets 100.00% 100.00% 100.00% 100.00%

Current Liabil ities 31.80% -2.95% -18.52% 23.62%

Long-term Liabilities 3.85% 6.28% 9.21% 33.40%

Total Liabilities 35.65% 3.32% -9.31% 57.02%

Net Worth 64.35% 96.68% 109.31% 42.98%

Percent of Sales

Sales 100.00% 100.00% 100.00% 100.00%

Gross Margin 63.16% 69.33% 44.67% 100.00%

Selling, General & Administrative Expenses 89.32% 84.89% 86.42% 76.57%

Advertising Expenses 1.34% 1.50% 1.39% 1.67%

Profit Before Interest and Taxes 49.11% 6.57% -5.53% 0.87%

Main Ratios

Current 2.71 -23.48 -2.42 1.57

Quick 2.34 -20.60 -1.04 1.18

Total Debt to Total Assets 35.65% 3.32% -9.31% 60.95%

Pre-tax Return on Net Worth 110.84% 7.31% -12.12% 6.21%

Pre-tax Return on Assets 71.32% 7.07% -13.25% 2.43%

Additional Ratios FY 2014 FY 2015 FY 2016

Net Profit Margin 33.93% 3.95% -6.35% n.a

Return on Equity 77.58% 5.12% -12.12% n.a

Activity Ratios

Accounts Receivable Turnover 2.18 2.18 2.18 n.a

Collection Days 48 244 158 n.a

Inventory Turnover 10.36 2.77 6.05 n.a

Accounts Payable Turnover 3.23 12.17 12.17 n.a

Payment Days 27 110 25 n.a

Total Asset Turnover 1.47 1.25 2.09 n.a

Debt Ratios

Debt to Net Worth 0.55 0.03 -0.09 n.a

Current Liab. to Liab. 0.89 -0.89 0.00 n.a

Liquidity Ratios

Net Working Capital Ug.

Shs141,266,968

Ug.

Shs115,196,121

Ug.

Shs68,854,883

n.a

Interest Coverage 77.59 7.04 -6.71 n.a

Additional Ratios

Assets to Sales 0.68 0.80 0.48 n.a

Current Debt/Total Assets 32% -3% -19% n.a

Acid Test 2.13 0.00 0.00 n.a


Page 22

Sales/Net Worth 2.29 1.30 1.91 n.a

Dividend Payout 0.06 2.66 0.00 n.a

Appendix

Page 1

Table: Sales Forecast

Sales Forecast

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

Sales

Routine maintenance 4% Ug.Shs5,000,000 Ug.

Shs5,500,000

Ug.

Shs6,050,000

Ug.

Shs6,655,000

Ug.

Shs7,320,500

Ug.

Shs8,052,550

Ug.Shs8,857,805 Ug.

Shs9,743,586

Ug.

Shs10,717,94

5

Ug.

Shs11,789,740

Ug.

Shs12,968,714

Ug.

Shs14,265,585

Small repair jobs 0% Ug.Shs1,000,000 Ug.

Shs1,090,000

Ug.

Shs1,188,100

Ug.

Shs1,295,029

Ug.

Shs1,411,582

Ug.

Shs1,538,624

Ug.Shs1,677,100 Ug.

Shs1,828,039

Ug.

Shs1,992,563

Ug.

Shs2,171,894

Ug.

Shs2,367,364

Ug.

Shs2,580,427

Large repair jobs 0% Ug.Shs10,000,000 Ug.

Shs12,000,00

0

Ug.

Shs13,100,000

Ug.

Shs11,000,00

0

Ug.

Shs10,000,000

Ug.

Shs13,000,000

Ug.Shs13,700,000 Ug.

Shs9,000,000

Ug.

Shs9,200,000

Ug.

Shs10,000,000

Ug.

Shs12,000,000

Ug.

Shs132,000,000

Total Sales Ug.Shs16,000,000 Ug.

Shs18,590,00

0

Ug.

Shs20,338,100

Ug.

Shs18,950,02

9

Ug.

Shs18,732,082

Ug.

Shs22,591,174

Ug.Shs24,234,905 Ug.

Shs20,571,62

5

Ug.

Shs21,910,50

8

Ug.

Shs23,961,634

Ug.

Shs27,336,078

Ug.

Shs148,846,012

Direct Cost of Sales Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

Routine maintenance Ug.Shs2,500,000 Ug.

Shs2,675,000

Ug.

Shs2,862,250

Ug.

Shs3,062,608

Ug.

Shs3,276,991

Ug.

Shs3,506,380

Ug.Shs3,751,827 Ug.

Shs4,014,455

Ug.

Shs4,295,467

Ug.

Shs4,596,150

Ug.

Shs4,917,880

Ug.

Shs5,262,132

Small repair jobs Ug.Shs500,000 Ug.

Shs515,000

Ug.Shs530,450 Ug.

Shs546,364

Ug.Shs562,755 Ug.Shs579,638 Ug.Shs597,027 Ug.

Shs614,938

Ug.

Shs633,386

Ug.Shs652,388 Ug.Shs671,960 Ug.Shs692,119

Large repair jobs Ug.Shs15,000,000 Ug.

Shs2,400,000

Ug.

Shs3,500,000

Ug.

Shs4,800,000

Ug.

Shs4,000,000

Ug.

Shs5,000,000

Ug.Shs6,500,000 Ug.

Shs6,500,000

Ug.

Shs4,300,000

Ug.

Shs5,500,000

Ug.

Shs6,500,000

Ug.

Shs21,840,164

Subtotal Direct Cost of Sales Ug.Shs18,000,000 Ug.

Shs5,590,000

Ug.

Shs6,892,700

Ug.

Shs8,408,972

Ug.

Shs7,839,746

Ug.

Shs9,086,018

Ug.Shs10,848,854 Ug.

Shs11,129,39

3

Ug.

Shs9,228,853

Ug.

Shs10,748,538

Ug.

Shs12,089,840

Ug.

Shs27,794,415

Appendix

Page 2

Table: Personnel

Personnel Plan


Mr. Kyambadde Francisco 0% Ug.

Shs300,000

Ug.

Shs309,000

Ug.

Shs318,270

Ug.Shs327,818 Ug.Shs337,653 Ug.Shs347,783 Ug.Shs358,216 Ug.Shs368,962 Ug.

Shs380,031

Ug.

Shs391,432

Ug.

Shs403,175

Ug.

Shs415,270

Mr. Wasike Erias 0% Ug.

Shs300,000

Ug.

Shs300,000

Ug.

Shs300,000


Shs300,000

Ug.

Shs300,000

Ug.

Shs300,000

Ug.

Shs300,000

Mr. Magala Bogia 0% Ug.

Shs300,000

Ug.

Shs303,000

Shs306,030 Ug.Shs309,090 Ug.Shs312,181 Ug.Shs315,303 Ug.Shs318,456 Ug.Shs321,641 Ug.

Shs324,857

Ug.

Shs328,106

Ug.

Shs331,387

Ug.

Shs334,701

Mr. Ortega Ian 0% Ug.

Shs300,000

Ug.

Shs303,000

Ug.

Shs306,030


Shs324,857

Ug.

Shs328,106

Ug.

Shs331,387

Ug.

Shs334,701

Mr. Bannyikide Ashirafu 0% Ug.

Shs300,000

Ug.

Shs300,000

Ug.

Shs300,000


Shs300,000

Ug.

Shs300,000

Ug.

Shs300,000

Ug.

Shs300,000

3 Apprentice mechanic 0% Ug.

Shs100,000

Ug.

Shs103,000

Ug.

Shs106,090


Shs126,678

Ug.

Shs130,478

Ug.

Shs134,392

Ug.

Shs138,424

Total People 8 8 8 8 8 8 8 8 8 8 8 8

Total Payroll Ug.

Shs1,600,000

Ug.

Shs1,618,000

Ug.

Shs1,636,420

Ug.Shs1,655,271 Ug.

Shs1,674,566

Ug.

Shs1,694,317

Ug.

Shs1,714,534

Ug.

Shs1,735,232

Ug.

Shs1,756,423

Ug.

Shs1,778,122

Ug.

Shs1,800,341

Ug.

Shs1,823,096

Appendix

Page 3

Table: General Assumptions

General Assumptions


Plan Month 1 2 3 4 5 6 7 8 9 10 11 12

Current Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

Long-term Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

Tax Rate 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%

Other 0 0 0 0 0 0 0 0 0 0 0 0

Appendix

Page 4

Table: Profit and Loss

Pro Forma Profit and Loss


Sales Ug.

Shs16,000,00

0

Ug.

Shs18,590,000

Ug.Shs20,338,100 Ug.

Shs18,950,029

Ug.

Shs18,732,08

2

Ug.

Shs22,591,174

Ug.

Shs24,234,905

Ug.

Shs20,571,625

Ug.

Shs21,910,508

Ug.

Shs23,961,634

Ug.

Shs27,336,078

Ug.

Shs148,846,012

Direct Cost of Sales Ug.

Shs18,000,00

0

Ug.

Shs5,590,000

Ug.Shs6,892,700 Ug.

Shs8,408,972

Ug.

Shs7,839,746

Ug.

Shs9,086,018

Ug.

Shs10,848,854

Ug.

Shs11,129,393

Ug.

Shs9,228,853

Ug.

Shs10,748,538

Ug.

Shs12,089,840

Ug.

Shs27,794,415

Other Production Expenses ug.shs

300,000


Shs310,000

Ug.Shs320,000 Ug.Shs240,000 Ug.Shs210,000 Ug.Shs270,000 Ug.Shs240,000 Ug.Shs240,000 Ug.Shs350,000

Total Cost of Sales Ug.

Shs18,000,00

0

Ug.

Shs5,940,000

Ug.Shs7,212,700 Ug.

Shs8,648,972

Ug.

Shs8,149,746

Ug.

Shs9,406,018

Ug.

Shs11,088,854

Ug.

Shs11,339,393

Ug.

Shs9,498,853

Ug.

Shs10,988,538

Ug.

Shs12,329,840

Ug.

Shs28,144,415

Gross Margin (Ug.

Shs2,000,000

)

Ug.

Shs12,650,000

Ug.Shs13,125,400 Ug.

Shs10,301,057

Ug.

Shs10,582,33

6

Ug.

Shs13,185,156

Ug.

Shs13,146,051

Ug.

Shs9,232,232

Ug.

Shs12,411,655

Ug.

Shs12,973,096

Ug.

Shs15,006,238

Ug.

Shs120,701,597

Gross Margin % -12.50% 68.05% 64.54% 54.36% 56.49% 58.36% 54.24% 44.88% 56.65% 54.14% 54.90% 81.09%

Expenses

Payroll Ug.

Shs1,600,000

Ug.

Shs1,618,000

Ug.Shs1,636,420 Ug.

Shs1,655,271

Ug.

Shs1,674,566

Ug.

Shs1,694,317

Ug.

Shs1,714,534

Ug.

Shs1,735,232

Ug.

Shs1,756,423

Ug.

Shs1,778,122

Ug.

Shs1,800,341

Ug.

Shs1,823,096

Sales and Marketing and

Other Expenses

Ug.

Shs3,000,000

Ug.

Shs1,000,000

Ug.Shs1,000,000 Ug.

Shs1,000,000

Ug.

Shs2,000,000

Ug.

Shs1,000,000

Ug.

Shs1,000,000

Ug.

Shs1,000,000

Ug.

Shs1,000,000

Ug.

Shs1,000,000

Ug.Shs500,000 Ug.

Shs1,000,000

Depreciation Ug.

Shs150,000


Shs110,000


Leased Equipment Ug.

Shs500,000


Shs240,000


Utilities Ug.

Shs600,000


Shs230,000


Insurance Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0

Rent Ug.

Shs1,000,000


Shs400,000


Payroll Taxes 15% Ug.

Shs300,000


Shs300,000


Other Ug.

Shs150,000

Ug.Shs120,000 Ug.Shs130,000 Ug.

Shs1,050,000

Ug.

Shs130,000


Total Operating Expenses Ug.

Shs7,300,000

Ug.

Shs4,138,000

Ug.Shs4,276,420 Ug.

Shs5,135,271

Ug.

Shs5,084,566

Ug.

Shs3,969,317

Ug.

Shs3,994,534

Ug.

Shs4,015,232

Ug.

Shs4,036,423

Ug.

Shs4,058,122

Ug.

Shs3,580,341

Ug.

Shs4,103,096

Appendix

Page 5

Profit Before Interest and Taxes (Ug.

Shs9,300,000

)

Ug.

Shs8,512,000

Ug.Shs8,848,980 Ug.

Shs5,165,786

Ug.

Shs5,497,770

Ug.

Shs9,215,839

Ug.

Shs9,151,517

Ug.

Shs5,217,000

Ug.

Shs8,375,232

Ug.

Shs8,914,974

Ug.

Shs11,425,897

Ug.

Shs116,598,501

EBITDA (Ug.

Shs9,150,000

)

Ug.

Shs8,612,000

Ug.Shs8,968,980 Ug.

Shs5,305,786

Ug.

Shs5,607,770

Ug.

Shs9,315,839

Ug.

Shs9,251,517

Ug.

Shs5,317,000

Ug.

Shs8,475,232

Ug.

Shs9,014,974

Ug.

Shs11,525,897

Ug.

Shs116,698,501

Interest Expense Ug.

Shs243,333


Shs214,606


Taxes Incurred (Ug.

Shs2,863,000

)

Ug.

Shs2,482,660

Ug.Shs2,585,876 Ug.

Shs1,483,103

Ug.

Shs1,584,949

Ug.

Shs2,702,689

Ug.

Shs2,685,780

Ug.

Shs1,507,885

Ug.

Shs2,457,888

Ug.

Shs2,622,420

Ug.

Shs3,378,385

Ug.

Shs34,932,934

Net Profit (Ug.

Shs6,680,333

)

Ug.

Shs5,792,873

Ug.Shs6,033,710 Ug.

Shs3,460,574

Ug.

Shs3,698,215

Ug.

Shs6,306,273

Ug.

Shs6,266,820

Ug.

Shs3,518,398

Ug.

Shs5,735,072

Ug.

Shs6,118,980

Ug.

Shs7,882,898

Ug.

Shs81,510,180

Net Profit/Sales -41.75% 31.16% 29.67% 18.26% 19.74% 27.91% 25.86% 17.10% 26.17% 25.54% 28.84% 54.76%

Appendix

Page 6

Table: Cash Flow

Pro Forma Cash Flow


Cash Received

Cash from Operations

Cash Sales Ug.

Shs14,400,000

Ug.

Shs16,731,00

0

Ug.Shs18,304,290 Ug.

Shs17,055,02

6

Ug.

Shs16,858,874

Ug.

Shs20,332,05

7

Ug.

Shs21,811,41

5

Ug.

Shs18,514,46

3

Ug.

Shs19,719,45

7

Ug.Shs21,565,471 Ug.

Shs24,602,470

Ug.

Shs133,961,4

11

Cash from Receivables Ug.Shs0 Ug.Shs53,333 Ug.Shs1,608,633 Ug.

Shs1,864,827

Ug.

Shs2,029,183

Ug.

Shs1,894,276

Ug.

Shs1,886,072

Ug.

Shs2,264,597

Ug.

Shs2,411,280

Ug.Shs2,061,625 Ug.

Shs2,197,888

Ug.

Shs2,407,412

Subtotal Cash from Operations Ug.

Shs14,400,000

Ug.

Shs16,784,33

3

Ug.Shs19,912,923 Ug.

Shs18,919,85

3

Ug.

Shs18,888,057

Ug.

Shs22,226,33

3

Ug.

Shs23,697,48

6

Ug.

Shs20,779,05

9

Ug.

Shs22,130,73

7

Ug.Shs23,627,096 Ug.

Shs26,800,358

Ug.

Shs136,368,8

22

Additional Cash Received

Sales Tax, VAT, HST/GST Received 0.00% Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0

New Current Borrowing Ug.

Shs10,000,000

Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0

New Other Liabilities (interest-free) Ug.

Shs5,000,000

Ug.

Shs1,000,000

Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0

New Long-term Liabilities Ug.

Shs10,000,000

Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0

Sales of Other Current Assets Ug.

Shs5,000,000

Ug.

Shs5,000,000

Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0

Sales of Long-term Assets Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0

New Investment Received Ug.

Shs1,619,672

Ug.

Shs1,633,443

Ug.Shs1,732,459 Ug.

Shs1,564,262

Ug.

Shs1,849,467

Ug.

Shs1,605,082

Ug.

Shs1,971,066

Ug.

Shs1,752,951

Ug.

Shs2,302,172

Ug.Shs1,954,098 Ug.

Shs2,863,115

Ug.

Shs2,598,607

Subtotal Cash Received Ug.

Shs46,019,672

Ug.

Shs24,417,77

6

Ug.Shs21,645,382 Ug.

Shs20,484,11

5

Ug.

Shs20,737,524

Ug.

Shs23,831,41

5

Ug.

Shs25,668,55

2

Ug.

Shs22,532,01

0

Ug.

Shs24,432,90

9

Ug.Shs25,581,194 Ug.

Shs29,663,473

Ug.

Shs138,967,4

29

Expenditures Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

Expenditures from Operations

Cash Spending Ug.

Shs1,600,000

Ug.

Shs1,618,000

Ug.Shs1,636,420 Ug.

Shs1,655,271

Ug.

Shs1,674,566

Ug.

Shs1,694,317

Ug.

Shs1,714,534

Ug.

Shs1,735,232

Ug.

Shs1,756,423

Ug.Shs1,778,122 Ug.

Shs1,800,341

Ug.

Shs1,823,096

Bill Payments Ug.

Shs1,257,678

Ug.

Shs36,655,62

6

Ug.Shs5,503,487 Ug.

Shs6,234,678

Ug.

Shs15,270,786

Ug.

Shs12,731,09

7

Ug.

Shs15,935,85

6

Ug.

Shs18,007,13

4

Ug.

Shs15,416,64

9

Ug.Shs12,408,678 Ug.

Shs17,682,588

Ug.

Shs21,150,25

5

Appendix

Page 7

Subtotal Spent on Operations Ug.

Shs2,857,678

Ug.

Shs38,273,62

6

Ug.Shs7,139,907 Ug.

Shs7,889,949

Ug.

Shs16,945,352

Ug.

Shs14,425,41

4

Ug.

Shs17,650,39

0

Ug.

Shs19,742,36

6

Ug.

Shs17,173,07

2

Ug.Shs14,186,800 Ug.

Shs19,482,929

Ug.

Shs22,973,35

1

Additional Cash Spent

Sales Tax, VAT, HST/GST Paid Out Ug.

Shs1,000,000

Ug.

Shs1,000,000

Ug.Shs1,000,000 Ug.

Shs1,000,000

Ug.

Shs1,000,000

Ug.

Shs1,000,000

Ug.

Shs1,000,000

Ug.

Shs1,000,000

Ug.

Shs1,000,000

Ug.Shs1,000,000 Ug.

Shs1,000,000

Ug.

Shs1,000,000

Principal Repayment of Current

Borrowing

Ug.Shs800,000 Ug.

Shs824,000

Ug.Shs848,720 Ug.

Shs874,182

Ug.Shs900,407 Ug.

Shs927,419

Ug.

Shs955,242

Ug.

Shs983,899

Ug.

Shs1,013,416

Ug.Shs1,043,818 Ug.

Shs1,075,133

Ug.

Shs1,107,387

Other Liabilities Principal Repayment Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0

Long-term Liabilities Principal

Repayment

(Ug.Shs0) (Ug.Shs0) (Ug.Shs0) (Ug.Shs0) (Ug.Shs0) (Ug.Shs0) (Ug.Shs0) (Ug.Shs0) (Ug.Shs0) (Ug.Shs0) (Ug.Shs0) (Ug.Shs0)

Purchase Other Current Assets Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0 Ug.Shs0

Purchase Long-term Assets Ug.

Shs1,772,541

Ug.

Shs1,721,312

Ug.Shs1,493,033 Ug.

Shs1,465,164

Ug.

Shs1,393,443

Ug.

Shs1,301,230

Ug.

Shs1,280,738

Ug.

Shs1,209,016

Ug.

Shs1,239,754

Ug.Shs1,178,279 Ug.

Shs1,229,508

Ug.

Shs1,868,852

Dividends Ug.Shs480,000 Ug.

Shs504,000

Ug.Shs529,200 Ug.

Shs555,660

Ug.Shs583,443 Ug.

Shs612,615

Ug.

Shs643,246

Ug.

Shs675,408

Ug.

Shs709,178

Ug.Shs744,637 Ug.Shs781,869 Ug.

Shs820,962

Subtotal Cash Spent Ug.

Shs6,910,219

Ug.

Shs42,322,93

8

Ug.Shs11,010,860 Ug.

Shs11,784,95

5

Ug.

Shs20,822,644

Ug.

Shs18,266,67

7

Ug.

Shs21,529,61

5

Ug.

Shs23,610,69

0

Ug.

Shs21,135,42

0

Ug.Shs18,153,534 Ug.

Shs23,569,439

Ug.

Shs27,770,55

2

Net Cash Flow Ug.

Shs39,109,454

(Ug.

Shs17,905,16

2)

Ug.Shs10,634,523 Ug.

Shs8,699,161

(Ug.Shs85,120) Ug.

Shs5,564,738

Ug.

Shs4,138,937

(Ug.

Shs1,078,680

)

Ug.

Shs3,297,489

Ug.Shs7,427,661 Ug.

Shs6,094,033

Ug.

Shs111,196,8

77

Cash Balance Ug.

Shs44,259,454

Ug.

Shs26,354,29

2

Ug.Shs36,988,814 Ug.

Shs45,687,97

5

Ug.

Shs45,602,855

Ug.

Shs51,167,59

3

Ug.

Shs55,306,52

9

Ug.

Shs54,227,85

0

Ug.

Shs57,525,33

8

Ug.Shs64,952,999 Ug.

Shs71,047,032

Ug.

Shs182,243,9

09

Appendix

Page 8

Table: Balance Sheet

Pro Forma Balance Sheet


Assets Starting

Balances

Current Assets

Cash Ug.

Shs5,150,000

Ug.

Shs44,259,454

Ug.

Shs26,354,29

2

Ug.

Shs36,988,81

4

Ug.

Shs45,687,975

Ug.

Shs45,602,855

Ug.

Shs51,167,593

Ug.

Shs55,306,52

9

Ug.

Shs54,227,85

0

Ug.

Shs57,525,338

Ug.

Shs64,952,99

9

Ug.

Shs71,047,032

Ug.

Shs182,243,909

Accounts Receivable Ug.Shs0 Ug.

Shs1,600,000

Ug.

Shs3,405,667

Ug.

Shs3,830,843

Ug.

Shs3,861,019

Ug.

Shs3,705,044

Ug.

Shs4,069,885

Ug.

Shs4,607,304

Ug.

Shs4,399,870

Ug.

Shs4,179,641

Ug.

Shs4,514,179

Ug.

Shs5,049,899

Ug.

Shs17,527,089

Inventory Ug.

Shs3,000,000

Ug.

Shs19,800,000

Ug.

Shs14,210,00

0

Ug.

Shs7,581,970

Ug.

Shs9,249,869

Ug.

Shs8,623,721

Ug.

Shs9,994,620

Ug.

Shs11,933,73

9

Ug.

Shs12,242,33

2

Ug.

Shs10,151,738

Ug.

Shs11,823,39

2

Ug.

Shs13,298,824

Ug.

Shs30,573,856

Other Current Assets Ug.

Shs3,500,000

(Ug.

Shs1,500,000)

(Ug.

Shs6,500,000

)

(Ug.

Shs6,500,000

)

(Ug.

Shs6,500,000)

(Ug.

Shs6,500,000)

(Ug.

Shs6,500,000)

(Ug.

Shs6,500,000

)

(Ug.

Shs6,500,000

)

(Ug.

Shs6,500,000)

(Ug.

Shs6,500,000

)

(Ug.

Shs6,500,000)

(Ug.

Shs6,500,000)

Total Current Assets Ug.

Shs11,650,000

Ug.

Shs64,159,454

Ug.

Shs37,469,95

8

Ug.

Shs41,901,62

8

Ug.

Shs52,298,863

Ug.

Shs51,431,620

Ug.

Shs58,732,098

Ug.

Shs65,347,57

3

Ug.

Shs64,370,05

2

Ug.

Shs65,356,718

Ug.

Shs74,790,57

0

Ug.

Shs82,895,755

Ug.

Shs223,844,854

Long-term Assets

Long-term Assets Ug.

Shs20,000,000

Ug.

Shs21,772,541

Ug.

Shs23,493,85

3

Ug.

Shs24,986,88

6

Ug.

Shs26,452,049

Ug.

Shs27,845,492

Ug.

Shs29,146,722

Ug.

Shs30,427,45

9

Ug.

Shs31,636,47

6

Ug.

Shs32,876,230

Ug.

Shs34,054,50

8

Ug.

Shs35,284,017

Ug.

Shs37,152,869

Accumulated Depreciation Ug.Shs0 Ug.Shs150,000 Ug.

Shs250,000

Ug.

Shs370,000


Shs820,000

Ug.

Shs920,000

Ug.

Shs1,020,000

Ug.

Shs1,120,000

Ug.

Shs1,220,000

Ug.

Shs1,320,000

Total Long-term Assets Ug.

Shs20,000,000

Ug.

Shs21,622,541

Ug.

Shs23,243,85

3

Ug.

Shs24,616,88

6

Ug.

Shs25,942,049

Ug.

Shs27,225,492

Ug.

Shs28,426,722

Ug.

Shs29,607,45

9

Ug.

Shs30,716,47

6

Ug.

Shs31,856,230

Ug.

Shs32,934,50

8

Ug.

Shs34,064,017

Ug.

Shs35,832,869

Total Assets Ug.

Shs31,650,000

Ug.

Shs85,781,995

Ug.

Shs60,713,81

1

Ug.

Shs66,518,51

3

Ug.

Shs78,240,913

Ug.

Shs78,657,112

Ug.

Shs87,158,820

Ug.

Shs94,955,03

2

Ug.

Shs95,086,52

8

Ug.

Shs97,212,948

Ug.

Shs107,725,0

78

Ug.

Shs116,959,772

Ug.

Shs259,677,723

Liabilities and Capital Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

Current Liabilities

Accounts Payable Ug.Shs0 Ug.

Shs36,472,656

Ug.

Shs5,306,156

Ug.

Shs5,722,608

Ug.

Shs14,850,014

Ug.

Shs12,202,381

Ug.

Shs15,332,767

Ug.

Shs17,489,58

2

Ug.

Shs15,009,03

5

Ug.

Shs11,820,805

Ug.

Shs17,048,31

3

Ug.

Shs18,393,996

Ug.

Shs79,931,509

Appendix

Page 9

Current Borrowing Ug.

Shs10,000,000

Ug.

Shs19,200,000

Ug.

Shs18,376,00

0

Ug.

Shs17,527,28

0

Ug.

Shs16,653,098

Ug.

Shs15,752,691

Ug.

Shs14,825,272

Ug.

Shs13,870,03

0

Ug.

Shs12,886,13

1

Ug.

Shs11,872,715

Ug.

Shs10,828,89

7

Ug.

Shs9,753,764

Ug.

Shs8,646,377

Other Current Liabilities Ug.Shs0 Ug.

Shs4,000,000

Ug.

Shs4,000,000

Ug.

Shs3,000,000

Ug.

Shs2,000,000

Ug.

Shs1,000,000

Ug.Shs0 (Ug.

Shs1,000,000

)

(Ug.

Shs2,000,000

)

(Ug.

Shs3,000,000)

(Ug.

Shs4,000,000

)

(Ug.

Shs5,000,000)

(Ug.

Shs6,000,000)

Subtotal Current Liabilities Ug.

Shs10,000,000

Ug.

Shs59,672,656

Ug.

Shs27,682,15

6

Ug.

Shs26,249,88

8

Ug.

Shs33,503,112

Ug.

Shs28,955,072

Ug.

Shs30,158,039

Ug.

Shs30,359,61

2

Ug.

Shs25,895,16

6

Ug.

Shs20,693,520

Ug.

Shs23,877,21

0

Ug.

Shs23,147,760

Ug.

Shs82,577,886

Long-term Liabilities Ug.Shs0 Ug.

Shs10,000,000

Ug.

Shs10,000,00

0

Ug.

Shs10,000,00

1

Ug.

Shs10,000,001

Ug.

Shs10,000,001

Ug.

Shs10,000,001

Ug.

Shs10,000,00

2

Ug.

Shs10,000,00

2

Ug.

Shs10,000,002

Ug.

Shs10,000,00

2

Ug.

Shs10,000,003

Ug.

Shs10,000,003

Total Liabilities Ug.

Shs10,000,000

Ug.

Shs69,672,656

Ug.

Shs37,682,15

6

Ug.

Shs36,249,88

9

Ug.

Shs43,503,113

Ug.

Shs38,955,073

Ug.

Shs40,158,040

Ug.

Shs40,359,61

3

Ug.

Shs35,895,16

8

Ug.

Shs30,693,523

Ug.

Shs33,877,21

2

Ug.

Shs33,147,762

Ug.

Shs92,577,889

Paid-in Capital Ug.

Shs26,800,000

Ug.

Shs28,419,672

Ug.

Shs30,053,11

5

Ug.

Shs31,785,57

4

Ug.

Shs33,349,836

Ug.

Shs35,199,303

Ug.

Shs36,804,385

Ug.

Shs38,775,45

1

Ug.

Shs40,528,40

2

Ug.

Shs42,830,574

Ug.

Shs44,784,67

2

Ug.

Shs47,647,787

Ug.

Shs50,246,393

Retained Earnings (Ug.

Shs5,150,000)

(Ug.

Shs5,630,000)

(Ug.

Shs6,134,000

)

(Ug.

Shs6,663,200

)

(Ug.

Shs7,218,860)

(Ug.

Shs7,802,303)

(Ug.

Shs8,414,918)

(Ug.

Shs9,058,164

)

(Ug.

Shs9,733,572

)

(Ug.

Shs10,442,750)

(Ug.

Shs11,187,38

7)

(Ug.

Shs11,969,256)

(Ug.

Shs12,790,218)

Earnings Ug.Shs0 (Ug.

Shs6,680,333)

(Ug.

Shs887,460)

Ug.

Shs5,146,250

Ug.

Shs8,606,824

Ug.

Shs12,305,039

Ug.

Shs18,611,312

Ug.

Shs24,878,13

2

Ug.

Shs28,396,53

0

Ug.

Shs34,131,601

Ug.

Shs40,250,58

1

Ug.

Shs48,133,479

Ug.

Shs129,643,659

Total Capital Ug.

Shs21,650,000

Ug.

Shs16,109,339

Ug.

Shs23,031,65

5

Ug.

Shs30,268,62

4

Ug.

Shs34,737,800

Ug.

Shs39,702,039

Ug.

Shs47,000,779

Ug.

Shs54,595,41

9

Ug.

Shs59,191,35

9

Ug.

Shs66,519,425

Ug.

Shs73,847,86

6

Ug.

Shs83,812,010

Ug.

Shs167,099,834

Total Liabilities and Capital Ug.

Shs31,650,000

Ug.

Shs85,781,995

Ug.

Shs60,713,81

1

Ug.

Shs66,518,51

3

Ug.

Shs78,240,913

Ug.

Shs78,657,112

Ug.

Shs87,158,820

Ug.

Shs94,955,03

2

Ug.

Shs95,086,52

8

Ug.

Shs97,212,948

Ug.

Shs107,725,0

78

Ug.

Shs116,959,772

Ug.

Shs259,677,723

Net Worth Ug.

Shs21,650,000

Ug.

Shs16,109,339

Ug.

Shs23,031,65

5

Ug.

Shs30,268,62

4

Ug.

Shs34,737,800

Ug.

Shs39,702,039

Ug.

Shs47,000,779

Ug.

Shs54,595,41

9

Ug.

Shs59,191,35

9

Ug.

Shs66,519,425

Ug.

Shs73,847,86

6

Ug.

Shs83,812,010

Ug.

Shs167,099,834

HighTech Auto Repair Business PLan

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