Looking for local sponsor / Business Partner
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Hello, I am currently working and living in Canada and looking to start an investment firm in the Gulf. I have an MBA from Canada, am am active investor in North American equities, hold a CSC (Canadian Securities Course) and Derivatives designation, have worked at the Ontario Securities Commission, the provincial regulator of capital markets and highly knowledgeable of North American and European equities. I am looking for a sponsor/business partner having contacts with high net worth individuals. I would like to set up a firm that invests in North American and European equities (only medium/large caps).
27 Jul 2008, 12:23 Khalil Viraney
Replies
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Looking for local sponsor / Business Partner
G.O PEACE AND LOVE CO.LTD
P.O.BOX 5 ABURI E/R GHANA
E-MAIL [email removed]
00233 244444674
Dear Sir .
I HAD YOUR CONTACT INFORMATION ON INTERNET THAT YOU ARE IN NEED BUSINESS PARTNER AND IF YOU WILL AGREE WITH ME I WOULD BE GIAD IF YOU COULD CO-OPERATE WITH ME IN GHANA.
I DEAI IN GOLD IN TERMS OF EXPORTING AS WELL AS IMPORTING AND EXPORTING IN GENERAL MERCHANT.
I WOULD BE INTERESTED TO GET YOUR REPLY SOON TO DECIDE WHAT TO DO NEXT.
Product Description:
We sell gold dusts 96.30% of 22-24K, copper cathodes 99.99%, nickel 99,99%, high grade diamonds. As per our company policy we invite buyer's to visit us for inspectionand upon agreement we transport the goods to the final destination once all logistics have been finalised by two parties.
BEST REGARD
GILBERT OKAIGILBERT OKAI 01 Aug 2008, 12:15 - Report -
look for local sponsor
Hi,Am an Indian having over 30 years old Chemical Engineering educated , Experince in Pharma,Beverages,Forging,Edible Oil refining Extraction,refining,Fabrication field,Project,Valves Manufacturing& Marketing,Robotic Machining plant experineces &worked for GTL Qater Gas Projects(HyundaiHeavy Industries Ltd Project controller Qater Shell Project) having NOC seek finacialy sound partner or Company having already business in Oman, Also worked as General Manager.Deputy General Manager(Operations) Executive Director in Indian Companies seek immediate opening as senior partner or empolyee.Good for arranging Oil and gas agencie arround the world for the Oil and Gas in Omancompany custodians. contact on my Moble No 0091 9892411864,Suresh,Bombay India
[email removed]
regards
suresh Kumars.kumar
22 August 2008, 06:37:23 pms.kumar 22 Aug 2008, 06:39 - Report -
OMAN VISA & SPONSOR
Hi i have trade license in Oman if you want good sponsor in Oman so im raedy if you r series call me :
ARBAB: 00971505155702arbab 05 Sep 2008, 03:39 - Report -
OMAN VISA & SPONSOR
Hi i have trade license in Oman if you want good sponsor in Oman so im raedy if you r series call me :
ARBAB: 00971505155702arbab 05 Sep 2008, 03:40 - Report -
Your business sponsor in Saltanat Of Oman
I am a Oman national and I am offering to be a sponsor for any LLC company or PLC company for an annual fee only depending on the nature of your business. Please feel free to contact me on e-mail for further information and assistance. Please specify in the email all details regarding business nature, partners, etc.
Regards
Uthman
00971505155702
[email removed]Uthman 11 Sep 2008, 10:16 - Report -
Dear Khalil Viraney
Please contact me on 00968 24704068,
iam willing to be your local partner here.
QaisQais 26 Oct 2008, 07:55 - Report -
Hi
I have a company in Oman , its petroleum services company, if you have any contact in US or Canada in the oil field then we can do a partnership, we do services to allot of companies and we have allot of contacts,
If your business in not in oil field, I need to know the nature of the business.
Currently im in Canada Montreal
If u need any more details feel free to contact me,
My Cell number is +15144499338suf 10 Nov 2008, 09:54 - Report -
gold dust to dubai
Dear sir , we need gold dust to dubai please repl all payment only after assay report in dubai
regrds,
shaikh anwar baig
mob ; 00-91-9987366512SHAIKH ANWAR BAIG 20 Nov 2008, 09:20 - Report -
Dear Khalil Viraney
I m interested in establishing Computer Hardware and software business in Oman (Small Scale) need a local sponsor, kindly advice how much you will charges for per annum. I need 3 visas mnimum for ppls who work with me. my contact : [email removed]
Muhammad Kausar 13 Dec 2008, 01:07 - Report -
Any sponsors and businesses
I am living in South Africa and i am looking for a sponsor to start my own business.Any person interested can contact me on +278333599663 or [email removed]
Donovan 02 Jan 2009, 02:41 - Report -
Local sponser, Partner and Visa
Dear all,
I am an Omani, I have a company with valid and active trading licen (class-A) .
I am offering to be a sponsor/partner or any sort of business for any company that is interesting on working in SALALAH (South of Oman ) specially salalah Port or Salalah FREE ZOON Land or others in Oman.
If you do so , please feel free to contact me on my e-mail for further information .
Please specify in the email all details regarding business nature, partners, etc.
I will look forward to hearing from you.
Best wishes.
Manager of WAM Tra. & Cons. company
email: [email removed]
Fax +968 23299660N. A. Baitsaid 16 Feb 2009, 08:59 - Report -
business Cooperation
Dear Bait Said,
I am interested to work with your, My area of Interest are given above. Can YOu contact on my Mobile 0091 9892411864 or write to my email
[email removed]rds ...sureshkumar for Delta tech,Bombays.kumar 16 Feb 2009, 05:04 - Report -
Recession Resistant Business Porposal
Hi, I am an Indian, worked in Muscat, knowing Oman fully well, currently in UAE on an assignment. I have a business model which will have a decent return on your investment, without affected by recession, with low level entry and exit barrier. Looking for an invest ment of aprox 35,000 OMR, over a period of time. For further details conatct
[email removed]GAN 18 Feb 2009, 11:53 - Report -
Media Company Publishing, advertising and Event Management
I am managing a media business group in Muscat.
We have good expertise to handle, Publishing, advertising and Event Management.I have four people working with me - all good.
I have an agreeement with the sponsor here since Sep 2008, and I am using his licenses.
I paid him RO10500 so far.
But the business is very small. He has invested only RO.30,000 from April to August 2008. After that I am managing the business and he has not spent even One rial. I pay the rent of premises, salaries, all other office expenses, including visa charges, labor etc. The agreement is for paying him RO2600 every month. But i cannot pay this becasue of poor market conditions. Now I have to pay him around RO10,000. I paid till Dec 2008. Is there any good Omani buisnessmen who can take over this buisness, and understand the realities, and I will work for him and I can pay 1000 every month, and I will use only one license - Media Advertising and Publishing. Because my present sponsor doesn't know the probelems of managing a business and he has no money to invest, pls. help if there is any good and honest professional businessmen.Becasue of the agreement, he is torturing me. I work without salary, no remuneration, no food and no sleep.
Pls. help me.
Thanks for reading.ranujan 11 Mar 2009, 03:46 - Report -
Oman Media Company Publishing, advertising and Event Management
Media Company Publishing, advertising and Event Management
I am managing a media business group in Muscat.
We have good expertise to handle, Publishing, advertising and Event Management.I have four people working with me - all good.
I have an agreeement with the sponsor here since Sep 2008, and I am using his licenses.
I paid him RO10500 so far.
But the business is very small. He has invested only RO.30,000 from April to August 2008. After that I am managing the business and he has not spent even One rial. I pay the rent of premises, salaries, all other office expenses, including visa charges, labor etc. The agreement is for paying him RO2600 every month. But i cannot pay this becasue of poor market conditions. Now I have to pay him around RO10,000. I paid till Dec 2008. Is there any good Omani buisnessmen who can take over this buisness, and understand the realities, and I will work for him and I can pay 1000 every month, and I will use only one license - Media Advertising and Publishing. Because my present sponsor doesn't know the probelems of managing a business and he has no money to invest, pls. help if there is any good and honest professional businessmen.Becasue of the agreement, he is torturing me. I work without salary, no remuneration, no food and no sleep.
Pls. help me.
Thanks for reading.
ranujanRagharaja 11 Mar 2009, 03:49 - Report -
looking for buyer
KIND ATTN SIR / MADAM
We introduce ourself as one of the biggest mining in Diamond .We are well oriented dealers on rough diamond and 50kg Gold monthly in Liberia west African region our company, we are the major lead in diamond mining / Gold in liberia region. Below is the specifications of diamonds of different shape and sizes that we have in stock in our office now.
150KG GOLD .............$18.500 PER KG WE HAVE DIAMOND OF VEROUS SIZES AND WEIGHT ALL OF WHICH ARE ROUGH AND UNCUT STONE OVER SIX TO SEVEN THOUSAND CARATS OF UNCUT DIAMOND IN LIBERIA SIZES RANGES FROM 5% TO 99 CARATS CLRITY VVS1 AND VVS2 , VSI AND VS2 , SI1 AND SI3 ,WITH COLOUR .MOST INDUSTRIAL STORES ARE BIG ,SIZES FROM 10 / 20 -/ 45 CARAT , WE ALSO HAVE FANCY COLOURSTONES SUCH AS GOLDEN , BLUE , GREE AND DEEP YELLOW, ORAMGE COLOUR WE HAVE A ALSO PUR GEM (
CRYSTAL COLOUR ) STONES
WE HAVE THE FOLLOWING PRODUCT 1, ...USED RAIL / HMS 1&2 2,... RUBBER 3... .COCOA 4,....TIMBER 5,...CRUDE OIL 6,..PALM CRUDE OIL We are in searching of geniune buyers who interested in business seriously. That will come down to my Country Liberia to purchase and inspection before shipment .
Best Regards
Peter Bali - Sales Manager Email : [email removed]
TEL +2316936911
GEMSCO INTERNATIONAL INC
MONROVIA .LIBERIApeter bali 21 Mar 2009, 03:27 - Report -
Oman Media Company Publishing, advertising and Event Management
Dear ranujan
please contact me on: [email removed]
mohammedmohammed 24 Mar 2009, 08:24 - Report -
Looking for partner
Hi
I am enthusiastic to do business in Oman in construction field, looking for civil engineer to work with me as a partner.
I m open for any ideas
If your interested call plz.
+968 95755100Abdulsalam 29 Mar 2009, 08:04 - Report -
Looking for a business partner in Housing Development In Ghana
I am looking for a Partner in the Housing industry for the below organizational if you can help me for the below objectives attainment. All the business plans are ready.
FG INVESTMENT Ltd. will be formed as a housing firm specializing in structural engineering services and housing provision.
1.1 Objectives
1. Modest revenues the first year, with slow by steady growth over the next two years by providing low medium cost condominium housing across Tema and Accra metropolis .
2. Achieve 20% of market value at the end of the third year of operation.
3. Increase gross margin significantly by the third year of operations.
1.2 Mission
Our mission is to provide clients across Ghana with structural engineering and Housing services for all types of apartment buildings, from concept planning through to completion, with a highly skilled professional team working together, using common sense and practical experience.
1.3 Keys to Success
1. Provide professional quality services on time and on budget.
2. Develop a follow-up strategy to gauge performance with all clients.
3. Implement and maintain a quality control and assurance policy.
But any investment that can be made if not in housing or any other business partner is also welcome, since Fg Investment have wide range of businesses to pursue.
Please call or e-mail me;
Telephone:+233275104487,233287329880
E-mail:[email removed],[email removed]Frank Blejumah Adjimah 04 Apr 2009, 06:47 - Report -
Looking for partner oman
Hi I have a company with valid and active trading licen (class-SL) onstruction
I am enthusiastic to do business in spain barcelona in Oman in construction field, looking for civil engineer to work with me as a partner. Looking for partner OMAN
I m open for any ideas
If your interested call plz:0034672572101 :if you have any questions please contact me
email:[email removed]
waiting to hear from you..
SULTAN KHANsultan 15 Apr 2009, 04:07 - Report -
Looking for partner oman
Hi I have a company with valid and active trading licen (class-SL) Construction
I am enthusiastic to do business in spain barcelona in Oman in construction field, looking for civil engineer to work with me as a partner. Looking for partner OMAN
I m open for any ideas
If your interested call plz:0034672572101 :if you have any questions please contact me
email:[email removed]
waiting to hear from you..
SULTAN KHANsultan 15 Apr 2009, 04:09 - Report -
Looking for partner oman
hello i am sultan from spain barcelona i want to start internet business in oman i have 3 young boy work ander me and they know very wecomputer and netwroking so i want to start the ll business there so any one help me to start i dont have that much amount also if any one intrested to start the business so i help as a manpower and work hard boys so plz reply me on my email id [email removed] :my phon :0034672572101
sultan 23 Apr 2009, 01:12 - Report -
GOLD SUPPLIER
dear customers,
we are marketing body affiliated to gold mines in Ghana and presently we have over 500kg of 22 and 24 KR gold in dust for supply to any part of the world. Our delivery is convenient and safe to the place of demand. payment conditions are negotiable (P.O.D). reach us on email; [email removed]Mr. George Mensah 26 Apr 2009, 07:05 - Report -
Dear ranujan
I just want to know ... do u have publishing licence??? to publish monthly magazines
Kumar 26 Apr 2009, 02:09 - Report -
selling my diamond mine in africa
im looking for a business partner or someone who is interested in buying a 2acre of a diamond mine.im a very important person who came to the usa becuz of the death of my family member.my parent was kill by charles taylor over my father diamond.because im young and i have document to proof that the diamond mine is for me,im looking for someone that have idea into business and to help me develop it because i close it when my dad die and they was hunting to kill me also.i did change my name because of security reason to come to the USA.now that my country is fine now,im willing to go back,but the problem is i dont with money to buy the equipment to hire people to work.so if you i interested you can mail me [email removed]
christopher jugbe 07 May 2009, 03:30 - Report -
Looking for partner oman
hello i am sultan from spain i want to start internet business in oman I have 3 young boy work ander me and they know very wecomputer and netwroking so i want to start the ll business there so any one help me To start i dont have that much amount also if any one intrested to start the business so i help as a manpower and work hard boys so plz reply me on my email id [email removed] :my phon :0034672572101
sultan 10 May 2009, 06:59 - Report -
Looking For Housing Projects Partner
2009Executive Summary
FG Developers Limited (FGL) is a plan medium-sized commercial construction company with office in Taifa North Estate - Kwabenya. FGL has been fortunate to get land (1/4) acres near the office location and to start it initial sizable projects of 2 bedroom five floor apartment blocks of (200 two bedroom flats) among its two locations at the same locations. Local contacts and competitive pricing will propelled rapid growth of this new company. FGL when get the green light, unlike a typical gets housing company in Ghana: We would offer exceptional choices and unique forum of accommodations with brand of low medium and high cost accommodations. This business plan called FG Habitat agenda 2009 to provide quality apartment housing – mid rise building to house all people regardless of the size of their pocket (Income) to live in decent housing accommodation- emphasis on squatters or slam eliminations and continue to be responsible in housing provision for people who need accommodation in Accra – Tema metropolis and the country a whole towards sustainable development such as industry and commercial. Our goals is to provide the communities with social, economic, durable and affordable housing nation wide in long term in the atmosphere of creating natural environments and all pockets develop for both commercially and residentially apartments bringing a breath of fresh air into Accra – Tema metropolises
From FGL perspective, since colonial time, housing planning and development of low rise building has put pressure on land, making housing cost high and couple with lack of modernizations, the process of speculative demand and supply by private developers and loop holes in the planning, as well as land and design approval systems are major factors which contribute to the issues of non availability of low medium cost housing needs with estimated demand and shortfall of 250,000 annual demand. Source GIPC - (Ghana Investment Promotion Centre) official web site; for more you can contact the web sit for details and the business feasibility study report available at business office. The business plan outline strategy to fulfill both objectives of meeting the housing needs as required by the population in four ways,
a. Residential; 1,2,- 5 bed room condominium apartment blocks with five star amenities (short term).
b. Commercial development: Office complex – business centers, stores for who sale and retails shops, church premises- space, schools, shopping malls in long term – hotels and guest houses.( medium term)
c. Industrial development; Long term.
d. Recreational and civic or cultural property development which is virtually non –existence
Applications are to be accepted upon preliminary financial approval, applicants are to be invited to sign a priority wait list deposit and FGL exciting new development identifies that housing needs are central important to the Ghanaians, which private developers fails to provide the balance situation between demand and price. FGL has focused on low medium cost apartment housing – low tower apartment blocks or above floors building apartment condominium and we are the answer to the increasing demand. The public wants are:
1. Access to modernized architectural design and facilities.
2. Access to the methods of housing and volumes of housing units in Accra – Tema metros.
3. Access to a cost they can afford and such a way that they aren’t socially, economically or politically isolated.
In terms of the importance of the elements of effective demand (affordability and household willingness to pay for housing), housing choice (choice by housing tenure, dwelling type, form of housing and method of new homes to be developed) and the market criteria (housing market, preference in terms of price, location, type of housing, etc), the research will justify the possibility of incorporating this market mechanisms in the preparation of development plans and the operational housing approval activities at the local planning authority level.
By recognizing this elements in the housing planning process, its not only attempts to solve the issues of
demand, over shortages and under supply of housing, but will significantly contribute to change and to strengthen the planning fundamentals, policy and the nature of the planning system which conventionally merely focuses on meeting the housing needs of the market by FGL.
The construction and revitalization in the current location of building 200 Units or 20 blocks, eight story apartment homes. The resident and the foreigners and the business in the area of the city are looking forward to the new residential developments. Universal Developers and other housing agents are those among them welcoming the changes.
Mr.Sika-Nku, a housing agent who occasionally filled in at the business office ‘says’ ‘This section of Kwabenya south will experience renaissance to the area.
1 Mission
FGL Construction aims to provide high quality craftsmanship in the commercial construction industry at a very competitive cost. It is the goal of the company to achieve a greater reputation for quality and on-time delivery than the current competitors in the Accra – Tema metros. FGL is committed to delivering on-time completion. FGL maintains high integrity on all promised timelines and quality assurances. Our mission is also to provide clients across Ghana with structural engineering and Housing services for all types of apartment buildings, from concept planning through to completion, with a highly skilled professional team working together, using common sense and practical experience.
1.2 Keys to Success
FGL’s keys to success are comprised of the following factors:
• Many relationships among the commercial real estate community.
• Impeccable and unique workmanship.
• Retaining high-quality, on-site management.
• Ensuring estimates on price and completion dates are as accurate as possible.
• Track the progress of each construction project to insure the scope cost and schedule of each is maintained.
• Provide professional quality services on time and on budget.
• Develop a follow-up strategy to gauge performance with all clients.
• Implement and maintain a quality control and assurance policy
Company Summary
FGL Construction is a start-up to be managed by Frank Agyemang and looking for a partners who have years of combined experience in the commercial construction business or non to be partners or can carry on a loan if the he get a loan for the projects. With the extensive contacts that are being made to contact the partners to invest in the commercial real estate business, it is estimated that the company will have a significant number of projects site within the first three years to four years. The company will be seeking a $ 4600,000 loan to cover the purchase of long-term assets, office setup, and cash requirements.
2.1 Company Ownership
FGL Construction will exist as an equal partnership between the principles of two or as sole proprietorship: As one of the company’s goals is to focus on high quality workmanship, retaining as much talent as possible is crucial. Therefore, the company plans to add more partners to the firm as opportunities arise. The promoter is administrative Manager with years of experience in the built environment. The talents and skills quality of the of FGL employees would be exceptional and the original assets
2.2 Company Background
Frank Agyemang has begun working in the construction business immediately out of high school, and has proved himself as a equipment operator, construction foreman, and project manager at the Universal Developers Limited. And also a general manager and financial analyst at UDL. Over the years, as an individuals realized that the Accra – Tema lacked a commercial construction company that could consistently provide high quality work and on-time delivery despite the existence private providers like regimanuel Manet Housing etc. With this in mind, and wishing to capitalize on this opportunity, I have formed FGL Construction and looking for investors to partner up.
2.3 Start-up Summary
Start-up
Requirements
Start-up Expenses
Legal $5,000
Office Setup and Administrations $39,020
Rent $1,200
Insurance $5,000
Utilities $1,200
Other $1,000
Total Start-up Expenses $52,420
Start-up Assets
Cash Required $150,000
Other Current Assets $10,000
Long-term Assets $250,000
Total Assets $410,000
Total Requirements $462,420
Start-up Funding
Start-up Expenses to Fund $52,420
Start-up Assets to Fund $410,000
Total Funding Required $462,420
Assets
Non-cash Assets from Start-up $260,000
Cash Requirements from Start-up $150,000
Additional Cash Raised $0
Cash Balance on Starting Date $150,000
Total Assets $410,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $423,320
Accounts Payable (Outstanding Bills) $100
Other Current Liabilities (interest-free) $0
Total Liabilities $423,420
Capital
Planned Investment
Loan $36,000
Loan $3,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $39,000
Loss at Start-up (Start-up Expenses) ($52,420)
Total Capital ($13,420)
Total Capital and Liabilities $410,000
Total Funding $462,420
Under these the projects, residential units including High rise apartment blocks, Independent row houses & Bungalows are proposed to be taken up for construction as per the quality norms of FGL. The Taifa North project is a part of FGL Homes, a chain of townships proposed to be developed across 20 cities across by 2030. 54 Crores worth contract includes structural construction of one Great four crown (2 bedroom/2 Bedroom+ Terrace/Penthouse units) and 4 gorgeous (2 Bedroom/2 Bedroom + Study/3 Bedroom/Penthouse units) blocks. The work is proposed to commence by the end of this quarter i.e. by April 2009.FGL provides commercial and residential apartment construction, with a primary focus on large urban structure development. This includes the following types of construction: The business focus is to earn a position in housing with three mix price system – low medium and high cost, committed to excellent in enhancing accommodations with terrific comfort to:
• Office buildings
• Strip malls
• Commercial parking lots and garages
• Apartment complexes
• Restaurants
• Schools and Hostler
• Government contracts
• Church buildings and NGO’s
• Other private contracts
• Individuals
• Public and Civil servant
• Ghanaian abroad
• Hotels and Motels
FGL will provide the installation of all required business/operation systems such as electrical, lighting, refrigeration, heating, data information systems, etc. FGL will also provide wrecking services as a part of building re-construction projects. FGL will be receiving a few government and private contracts due its inception and hopes to increase this market segment.
Market Analysis Summary
Construction of residential houses (low cost housing, high rise quality apartments, retirement villages); Industrial houses (light industrial parks, warehousing facilities) and Commercial houses (regional and local shopping centers/malls, office accommodation, storage etc.) as well as provision of construction equipment and building materials.
Ghana’s property market is dominated by residential and commercial development. The residential market is the most active, registering an estimated 85,000 transactions per annum over the past decade. Commercial property is the second largest segment in the market and includes office accommodations and retail space. The industrial segment is significantly smaller in size than the commercial market, while recreational and civic/cultural property development is virtually non-existent.
The total market demand in the Ghana, commercial construction industry sector is huge. It is estimated that the total demand was $24 billion for fiscal year 2008. For the Accra, and Tema area, the total demand is $18.6 billion. Even with FGL’s expected large-scale growth due to its contacts and reputation, the market is so large that, by the end of 2009, FGL’s projected market share for the Tema – Accra Metropolis will only be one quarter of one percent.
FGL has a focus on meeting the development demand for urban located properties. FGL also will hope to bid on government and other private projects as resources permit. The Market Analysis chart and table show the estimated total number of potential customers in the three states FGL will be operating in. The majority of the company’s revenue lies on commercial contracts. This market sector provides significant growth and ample projects will extended in the future.
Market Analysis
2004 2005 2006 2007 2008
Potential Customers Growth CAGR
Residential Buildings 9% 12,000 13,080 14,257 15,540 16,939 9.00%
Commercial Building 5% 5,500 5,775 6,064 6,367 6,685 5.00%
Other 0% 2,000 3,000 4,000 5,000 6,000 10.00%
Total 7.79% 19,500 21,855 24,321 26,907 29,624 7.79%
Marketing Goals: SALES 2009 2010 2011
Total Supply Units% 200 250 300
Residential Building Customers
Public and Civil Servants 30% 60 75 90
Security Force 10% 20 25 30
Corporate Employees 35 70 88 105
Sole Proprietors 10 20 25 30
Ghanaian Abroad 5 10 12 15
Foreigners 5 10 12 15
Others 5% 10 12 15
Commercial Building Customers 100% 2009 2010 2011
Business Organizations 35% 5 18
Churches and NGO’s 10 2 5
Shopping Malls and Stores 25 3 12
Schools and Hostels 10 5
Government Agencies 5 3
Hotels and Motels 10 5
Others 5% 2
Total 10 50
Background
Ghana’s property market is dominated by residential and commercial development. The residential market is the most active, registering an estimated 85,000 transactions per annum over the past decade. Commercial property is the second largest segment in the market and includes office accommodations and retail space. The industrial segment is significantly smaller in size than the commercial market, while recreational and civic/cultural property development is virtually non-existent.
The residential and commercial markets are dominated by private companies, which control over 90% of property holdings. Although statistics are not readily available, industry representatives suggest that strong potential exists in both residential and commercial development, areas which in recent years have not received adequate attention from investors.
Trends
Residential property
Ghana’s residential market has enjoyed the greatest demand of any property segment. Demand has been generated by high population growth rates and urbanization pressures, especially within the Accra-Tema metropolis. The development of new housing estates was spearheaded by the Ghana Real Estate Developers Association (GREDA), an umbrella organization of loosely associated private real estate developers. The top five
GREDA companies that account for roughly 75% of the group’s residential property development are Regimanuel Gray, Parakuo Estates, NTHC Properties Ltd, ACP Estates Ltd and Manet Housing Company Ltd.
While official statistics are not available, it has been estimated that demand for residential property in the Accra-Tema metropolis will be 133,000 units per annum from now up to the year 2008. Industry sources indicate that Ghana's current residential property demand is 90,000 units per annum, with an accumulated shortfall of 250,000 housing units. Current production of residential properties averages only 70,000 units per annum, implying a significant annual demand gap.
Commercial property demand is driven in large part by the growing presence of foreign and multinational companies in Ghana. Between 1990 and 1999, an average of 40 international firms established operations in Ghana each year, and this trend is expected to continue.
In recent years, commercial lessees have begun to demand higher quality design and workmanship. As a result, more purpose-built properties have been developed to meet their needs.
Opportunities
Opportunities currently exist in the following areas of the industry:
RESIDENTIAL PROPERTY
While the housing supply rate has increased since 1990, current estimates point to a notable production shortfall of new residences in Accra – Tema metros.
Other opportunities include construction and renovation/rehabilitation of properties for office leasing, retail, shipping, storage and other enterprises in the greater Accra area.
Advantages. Source (Ghana Investment Promotion Centre).
4.1 Market Segmentation
FGL will focus on two market sub-segments of the commercial and residential construction industry segment. The first will be the urban projects segment and the second will be the local, and government contracts segments.
Urban Projects – Municipal Areas
FGL focuses on construction and wreckage/re-construction projects within urban locations. Large residential and commercial buildings make up a majority of these projects. FGL desires to establish and maintain long-term relationships with clients to develop a referral network and future repeated business. Recent industry trends seem to suggest that this segment will retain a relatively high growth rate for the foreseeable future.
Residential apartment Projects
The residential projects development make up approximately 100% of revenues in short term – agenda 2009-2012. High visibility and competitive price are critical to capture this segment of the market. One of the reasons why this segment is attractive is its relative stability. Projects from these sources are not dependent on the current market conditions and will provide revenue even during an economic downturn.
4.2 Target Market Segment Strategy
FGL will focus on its target market, the large new urban areas, by maintaining and increasing its relationship base with commercial real estate clientele. By offering a unique and impeccable level of workmanship along with competitive costs, FGL will be able to procure and maintain a healthy level of market share.
4.3 Market Needs
As companies located in urban areas are continually modernizing and growing, the demand for commercial construction services has steadily increased over the past 10 years. Housing needs:
• Industry sources estimate Ghana’s accumulated housing shortfall at 250,000units.
Construction costs:
• It is estimated that construction cost of an average residential property in Ghana’s split between 70% material cost and30% labour cost currently this growth stands at nine percent. The need for uniquely-savvy commercial construction services is significant, as companies seek to maintain a professional image.
4.4 Service Business Analysis
The construction industry is a capital-intensive field that requires large investments in long-term assets such as bulldozers, cranes, cement mixers, etc. In addition, variable material costs such as I-beams, roofing tiles, paint, etc., are also very high. This means that for the residential and commercial construction segment, which focuses on large scope projects, that entry/exit into the industry is quite difficult. The industry is fragmented with a vast number of very small companies. Most do not employ more than 40 individuals. FGL will be employing a significantly larger number beyond its first year in operation, and will therefore have the ability to provide Housing projects and to able to access loan and also bid for the largest and most profitable contracts.
Due to such large number of companies and the intense competition, margins are relatively low for the construction business as a whole. For the commercial segment, the margins are somewhat higher due to the high cost of construction.
Because each building is a unique product, the costs are very high relative to other assets, and the clients need such assets at a specific time, FGL the company's reputation in quality, on-time delivery, and cost are the crucial elements used in assessing a contractor.
The construction business is also seasonal, with the largest number of sales arising in the spring and summer. The number starts to decrease in the early fall, and the drop continues through the winter months of December through February, which are the low point during any year.
In the Kwabenya, the major competitors in the commercial segment are Regimanuel Gray, Parakuo Estates . Each of these companies focuses on the same type of client and customers as FGL. However, FGL offers more Housing Products and services, such Low Medium and High cost Housing with a price ranging from $ 20,000 and above. With the exception of FGL, set a price above these at a price of $50, 0000 to 80,000 two bed room flat and each of these competitors has such a broad range of customers that a more focused company, such as; we will be able to defeat the competition through more attention to client needs.
4.5 Competition and Buying Patterns
There are over 550residential and commercial contractors and 50 private developers along side the Land Lords/Ladies nationwide. FGL will primarily compete on the basis of its level of workmanship and relationships among the commercial real estate community.
Large competitors are providers of services to a broad range of commercial, industrial, utility, and institutional customers, typically through principal operating subsidiaries and joint ventures. The specialties of our competitors are:
• Residential and Commercial properties
• Design, installation, integration, start-up, operation, and maintenance of distribution systems for electrical power.
• Lighting systems.
• Low-voltage systems, such as fire alarm, security, communications and process control systems.
• Voice and data communications systems.
• Heating, ventilation, air conditioning, refrigeration and clean-room process ventilation systems.
• Plumbing, process, and high-purity piping systems.
Some competitors also provide services needed to support the operation of customers' facilities. These services include:
• Site-based operations and maintenance.
• Mobile maintenance and service.
• Mall modification and retrofit projects.
• Consulting, program development, and management for energy systems and the maintenance of facilities.
Facilities services are being provided to a wide range of residential and commercial, industrial, utility, and institutional facilities, often including those at which construction services have been provided, and others at which construction services were provided by other contractors. Facilities services are frequently combined to provide integrated service packages, which include mechanical and electrical services.
Mechanical and electrical construction services and facilities services are typically offered directly to corporations, municipalities, and other governmental entities, owners/developers and tenants of buildings. Companies are also providing these services indirectly by acting as subcontractors to construction managers, general contractors, systems suppliers and other subcontractors. While the facilities services business is also highly fragmented, a number of large corporations are engaged in this field, and there are other companies seeking to consolidate facilities services businesses. But we are our own contractor and provide service that needed to achieve our goals but we are ready to offer our service to other organizations that need them.
Strategy and Implementation Summary
FGL will succeed by providing high quality craftsmanship at a competitive cost – Low Medium cost, within initially promised timelines. To implement this strategy, FGL will seek to create a highly efficient, rapidly responsive project implementation and tracking department within each office. By forming close, long-term ties with its suppliers, this will create sourcing efficiencies that will minimize supply delays. It is planned that each of the four offices will be provided with equipment, maintenance, design, and infrastructure so as to make them each self sufficient profit centers. A bonus and profit sharing system, with the benefits clearly defined for everyone, will be used to promote the company's goals at all levels. Finally, the company will seek to institute an ongoing training program to promote the most promising people in the company and to retain a standard of excellence in workmanship.
5.1 Competitive Edge
FGL's competitive edges are its book of contacts which make up a healthy referral network, and its competitive cost on projects.
5.2 Sales Strategy
As the table shows, FGL plans to deliver Housing and contract revenue of approximately $4.0 million in the first year, $5.1 million in the second year, and $6.5 million in the third year of the plan.
Sales Forecast
2009 2010 2011
Unit Sales
Commercial Buildings 0 10 50
Residential Buildings 200 250 300
Other 0 0 0
Total Unit Sales 203 260 350
Unit Prices 2009 2010 2011
Commercial Buildings $.00 $12,700.00 $11,090.0
Residential Buildings $20,000.00 $20,000.00 $20,000.00
Other $0.00 $0.00 $0.00
Sales
Commercial Buildings $0 $38,50,000 $ 544,500.0
Residential Buildings $4,053,476.3 $4,741,822.5 $5,998,405.4
Other $0 $0 $0
Total Sales $4,053,476.3 $5,126,822.5 $6,542,905.4
Direct Unit Costs 2009 2010 2011
Commercial Buildings $00.00 $9,500.00 $992,250.00
Residential Buildings $ 9,196.715 $18,967.29 $275,625.00
Other $0.00 $0.00 $0.00
Direct Cost of Sales
Commercial Buildings $0 $95,000 $24,594,702
Residential Buildings $ 1,839,343 $1,837,500 $2,480,625
Other $0 $0 $0
Subtotal Direct Cost of Sales $1,839,343 $2,220,578.3 $2,707,532.7
Management Summary
Frank Blejumah Agyemang , president, and Francis and Emmanuel Foremen, Eric Konu, Facilities Manager and CFO others have 30 combined years of experience at all levels within the residential and commercial construction industry as shown in the table. Both have extensive experience as Lead Foreman, and have been participants in many major commercial projects of varying types. The rest are treated Vacancies and will be fill as soon we get the financial resources.
Appendix;
FGL would be a home of talents and have to run a training program for all employees to create energetic civil atmosphere. FGL is like a football team and the field to play talents. FGL believe firmly that each worker devoting his or her intelligence to the business is vital to the business development. The top hierarchies are coaches, facilitators, and teachers to the rest of the employees and for light for the business. The progress of each worker is the future and social wealth.
Name Proposed Designation Present Date
1.Frank B.A. President / CEO Admin Manger-UDL 2004 Present
2.Eric Konu
3.Francis
4.Emmanuel Facilities Manger Foreman
Foreman Fore Reg.Gray Estate
Fore Reg.Gray Estate
Fore Reg.Gray Estate 2006
2002
2004 Present
Present
Present
5.Mr.Asare Projects Manger Amal Bank (Banker) 2005 Present
6.Eric Allotey Management Accountant Charted Accountant (ACCA)- Consultant 2003 Present
7.Gifty Baoteng Executive Front Desk M. Secratary 2007 Present
FGL HUMAN RESOURCE CHART
Customers
6.1 Personnel Plan
As the personnel plan shows, FGL expects to make gradual investments in construction crew personnel. We intend to grow gradually, to reduce the chance of becoming too large too quick. The company will expand the crew as contracts require.
The crew of FG Developers Construction is formulated of individuals with a talent for craftsmanship. The company prides itself on only hiring experienced tradespersons for its crews. The quality assurance guarantees are provided, not only by the company, but by each individual working on the project.
Personnel Plan
2001 2002 2003
Owners $12,000 $12,600 $13,230.0
Office personnel $139,980.0 $146,979.0 $154,328.0
Foremen $24,000 $25,200.0 $26,4600
Crew Workers $180,000 $189,000 $198,450.0
Other $0 $0 $0
Total People 100 113 127
Total Payroll $355,980.0 $373,779.0 $392,468.0
Cost Analysis
Financial Plan
FGL expects to raise $39,000 as its own capital, and to borrow $.42 million guaranteed by the Done well Insurance as a Five-year loan. This provides the bulk of the current financing required for company growth.
7.1 Break-even Analysis
FGL's break-even analysis is based on the average of the first-year figures for total sales by project, and by operating expenses. These are presented as per-project revenue, per-project cost, and fixed costs. These conservative assumptions make for a more accurate estimate of real risk.
Break-even Analysis
Monthly Units Break-even 1
Monthly Revenue Break-even $196,672.1
Assumptions:
Average Per-Unit Revenue $16,213..91
Average Per-Unit Variable Cost $73,572.56
Estimated Monthly Fixed Cost $107,429.8
7.2 Projected Balance Sheet
FGL's projected balance sheet follows.
Pro Forma Balance Sheet
2009 2010 2011
Assets
Current Assets
Cash $681,7122 $182,930.84 $335,613.91
Other Current Assets $10,000 $10,000 $10,000
Total Current Assets $691,712.2 $183,930.84 $336,613.91
Long-term Assets
Long-term Assets $460,000.0 $820,000.0 $135,000.00
Accumulated Depreciation $300,000.0 $140,000.0 $300,000.0
Total Long-term Assets $430,000.0 $6,800,000 $10,500,000
Total Assets $1,1217,122 $2,519,308.4 $4,416,139.1
Liabilities and Capital 2009 2010 2011
Current Liabilities
Accounts Payable $116,715.9 $276,602.8 $336,448.1
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $116,715.9 $276,602.8 $336,448.1
Long-term Liabilities $423,320.0 $383,320.0 $323,320.0
Total Liabilities $540,035.9 $659,922.8 $659,768.1
Paid-in Capital $39,000 $39,000 $39,000
Retained Earnings ($119,328.4) $542.,676.3 $1,820,385.5
Earnings $662,004.7 $1,277,709.2 $1,896,985.4
Total Capital $581,676.3 $1,859,385,5 $3,756,371.0
Total Liabilities and Capital $1,121,712.2 $2,519,308.4 $4,416,139.1
Net Worth $581,676.3 $1,859,385.5 $3,756,371.0
7.3 Projected Profit and Loss
As the Highlights chart shows below, FGL's sales are expected to increase by $1,000,000 each year, with a net gain of $1,600,000 per year. The following Profit and Loss table demonstrates FGL's expectation of continuing steady growth over the next three years of operation.
Pro Forma Profit and Loss
2009 2010 2011
Sales $4,053,476.3 $5,126,822,5 $6,542,905,4
Direct Cost of Sales $1,839,314.3 $2,220,578.3 $2,707,532.7
Other $0 $0 $0
Total Cost of Sales $1,839,314.3 $2,220,578.3 $2,707,532.7
Gross Margin $2,214,161.9 $2,906,244.2 $3,835,372.8
Gross Margin % 54.62% 56.69% 58.62%
Expenses
Payroll $355,980.0 $373,779.0 $392,468.0
Sales and Marketing and Other Expenses $848,9400 $621,572.0 $658,462.6
Depreciation $300,000 $110,000.0 $160,000.0
Utilities $840.0 $882.0 $926.1
Payroll Taxes $53,397.0 $56,066.9 $58,870.2
Other $0 $0 $0
Total Operating Expenses $1,289,157.0 $1,162,299.9 $1,270,726.8
Profit Before Interest and Taxes $925,004.9 $1,743,944.3 $2,564,645.9
EBITDA $9,550,049 $18,539,443 $2,724,645,9
Interest Expense $42,332.0 $40,332.0 $35,332.0
Taxes Incurred $220,668.2 $425,903.1 $632,328.5
Net Profit $662,004.7 $1,277,709.2 $1,896,985.4
Net Profit/Sales 16.33% 24.92% 28.99%
7.4 Projected Cash Flow
The cash flow projection shows that provisions for ongoing expenses are adequate to meet FGL's needs as the business generates sufficient cash flow to support operations. As the Housing and construction business is seasonal, the company will build up cash reserves during the busy summer months to cover cash flow decreases during the slower winter months.
It is estimated that the company will aggressively seek to pay off it's loan sooner than the required 5-year period. This is reflected in the higher principle payments in year 2009-20014.
Pro Forma Cash Flow
2009 2010 2011
Cash Received
Cash from Operations
Cash Sales $4,053,476.3 $5,126,822.5 $6,542,905.4
Subtotal Cash from Operations $4,053,476.3 $5,126,822.5 $6,542,905.4
Additional Cash Received
Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $0 $0 $0
Subtotal Cash Received $4,053,476.3 $5,126,822.5 $6,542,905.4
Expenditures 2009 2010 2011
Expenditures from Operations
Cash Spending $355,980.0 $373,779.0 $392,468.0
Bill Payments $2,888,875.7 $3,205,447.3 $4,03,3606.7
Subtotal Spent on Operations $3,244,855.7 $3,579,226.3 $4,426,074.7
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $0 $40,000 $60,000
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $2,100,000 $360,000.0 $530,000.0
Dividends $669,084 $0 $0
Subtotal Cash Spent $3,521,764.1 $3,979,226.3 $5,016,074.7
Net Cash Flow $531,712.2 $1,147,596.2 $1,526,830.7
Cash Balance $681,712.2 $1,829,308.4 $3,356,139.1
7.5 Business Ratios
The following table presents important ratios from the construction industry, as determined by the Standard Industry Classification (SIC) Index #1542,-Residential and commercial Construction.
Ratio Analysis
2001 2002 2003 Industry Profile
Sales Growth 0.00% 26.48% 27.62% 2.30%
Percent of Total Assets
Other Current Assets 0.89% 0.40% 0.23% 37.80%
Total Current Assets 61.67% 73.01% 76.22% 86.20%
Long-term Assets 38.33% 26.99% 23.78% 13.80%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 10.41% 10.98% 7.62% 47.40%
Long-term Liabilities 37.74% 15.22% 7.32% 12.90%
Total Liabilities 48.14% 26.19% 14.94% 60.30%
Net Worth 51.86% 73.81% 85.06% 39.70%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 54.62% 56.69% 58.62% 16.30%
Selling, General & Administrative Expenses 38.29% 31.76% 29.63% 8.80%
Advertising Expenses 0.15% 0.20% 0.20% 0.30%
Profit Before Interest and Taxes 22.82% 34.02% 39.20% 1.50%
Main Ratios
Current 5.93 6.65 10.00 1.83
Quick 5.93 6.65 10.00 0.92
Total Debt to Total Assets 48.14% 26.19% 14.94% 60.30%
Pre-tax Return on Net Worth 151.75% 91.62% 67.33% 3.20%
Pre-tax Return on Assets 78.69% 67.62% 57.27% 8.10%
Additional Ratios 2001 2002 2003
Net Profit Margin 16.33% 24.92% 28.99% n.a
Return on Equity 113.81% 68.72% 50.50% n.a
Activity Ratios
Accounts Payable Turnover 25.75 12.17 12.17 n.a
Payment Days 27 21 27 n.a
Total Asset Turnover 3.61 2.04 1.48 n.a
Debt Ratios
Debt to Net Worth 0.93 0.35 0.18 n.a
Current Liab. to Liab. 0.22 0.42 0.51 n.a
Liquidity Ratios
Net Working Capital $5,749,963 $15,627,055 $30,296,910 n.a
Interest Coverage 21.85 43.24 72.59 n.a
Additional Ratios
Assets to Sales 0.28 0.49 0.67 n.a
Current Debt/Total Assets 10% 11% 8% n.a
Acid Test 5.93 6.65 10.00 n.a
Sales/Net Worth 6.97 2.76 1.74 n.a
Dividend Payout 0.10 0.00 0.00 n.aFrank Blejumah agyeman 11 May 2009, 01:36 - Report -
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