TOMATO PROCESSING PLANT

by SAMUEL OBIRI-ASARE
(KUMASI-GHANA)

FAMILYLINK (GH) LIMITED
 BUSINESS PROPOSAL
Family link Ghana Limited is a Limited Liability Company based in Ghana, West African Oil reach Country, which is looking for investment into fruit and vegetable Processing.
The factory will be based in Kumasi, the second regional capital of Ghana to serve the health needs of Ghanaians as well as neighboring countries as well as Europe. Familylink Ghana Limited is a startup and a Greenfield project, set up with a clear, dedicated and committed vision, to excel as one of the best Agro based industry in the West African regions which have taken advantage of the abundance raw material produce to create goods for export.
The company has its Head office at Prempeh 11 Street, Adum – Kumasi on House Number OCD 225 Agyaba House, 2nd Floor of in the Ashanti Region of Ghana, and a 100 acre site where the proposed factory will be built. It had also acquired recently a 50,000 hectares farm land in the same region for cultivating of Tomato and Pineapple. This processing plant will be run by a Team of Experts that includes Mr. Samuel Bafour Obiri-Asare as the Chairman. The Company is registered with an authorized share of 100,000 with a value of $2.62 per share.
Familylink Ghana Limited will produce quality canned Tomato paste, Tomato Ketchup and Pineapple juice, for local consumption and for export. It is the hope of the company to provide excellent customer service for its customers and suppliers. Familylink Ghana Limited will produce these products, and export 70% of the product directly from Ghana, to most West African neighboring countries including Europe.
The company will be run by a a competent board of Directors headed by Mr. Samuel Obiri-Asare as the chairman who has similar experience in the industry, and Mr. Michael Acquah as the Chief Executive Officer. The company intends to provide the Ghanaian community with jobs to assist the unemployed youth to be in gainful employment to ease pressure on families to better their living standards.
The country will also benefit from foreign Exchange earnings and added value to its rotten produce which is going waste. The promoters have therefore agreed to source for an equipment leasing loan or suppliers credit terms agreement for a loan of $2,503,500 payable in 5years or joint Venture Agreement to execute this project.
The business been financed to date by an initial capital of $275,000 of the owner's capital, and will also be looking for an Equity Loan Capital of $2,503,500 from a project investment funders who will be willing to invest. The company has made it a policy to allocate an equivalent of $230,000 worth of shares to Employees on participation shares option schemes. Total required funds will be disbursed as follows, $2,418,810 for both assets acquisition, and Construction of Office & Factory building at a cost of $250,000, working capital of $335,000 and inventory of both raw material and spare parts at a cost of $200,000.
The Projected Sales in year 1 has been estimated as $4,734,298 with a positive Net Income of $280,337 after taxation. Total operational cost including Depreciation is $4,453,961.
Exit Strategy for will be investors and owners of lending funds will be given the first option to collect their investment anytime there is profit. The company does not intend to pay bonus within the first year, but Investors will be paid all installment loan due on investment capital at the end of the first year including any interest on such loan or cash.