Hakimisinternational Courier

FEASIBILITY STUDY
FOR
HAKIMIS
INTERNATIONAL COURIER
A document presented to Dahabshill Money Transfer Services
Head office
December 2015
Prepared by Jatho Godfrey

TABLE OF CONTENT
1.0 1.0 HAKIMIS International Courier.- Address
2.0 Executive summary
2.1 Vision/Mission Statement and

2.2 Goals
2.3 Objectives
2.4 Way forward
3.0 Description of business
3.1 Business Directory

3.1.1 The company
3.2 Name of shareholders
3.3 The directors
3.4 Business address
3.5 Back ground of HAKIMIS International Courier
4.0 Estimated Investments
5.0 Operations
6.0 charges
7.0 Description of personnel
8.0 Risks and opportunities, Strengths and weaknesses
8.1 Risk
8.2 Opportunities
8.3 Strengths
8.4 Weaknesses
9.0 Financial aspects
9.1 Financial analysis
9.1.1 Assumption and parameters
10.0 Financial Statements

10.1 Assumption
10.2 Projected Revenue
10.3 Projected Income Statement
10.4 Projected Balance Sheet
10.5 Projected Cash Flow
Feasibility study for HAKIMIS International Courier by Jatho Godfrey jatho2001@yahoo.com

11.0 Appendix
11.1 Investment schedule
11.2 Man power schedule
11.3 Working capital schedule
11.4 Appendix of copies company documents
11.5 Cvs of Directors and staff

NON-DISCLOSURE OF CONFIDENTIAL INFORMATION
This proposal is being provided to you Abdihakim Esmail Saed as a measure of your interest in
securing funds from Dahabshiil Money Transfer Services. The information provided in this
document must be solely used to determine the suitability of such an arrangement. Each recipient
who reads this proposal agrees, that prior to reading this proposal, he/she shall not distribute or
disclose the information contained herein for any purpose other than those stated.
This proposal shall remain the sole property of Jatho Godfrey and may not be copied, reproduced or
distributed without prior written consent.
Disclaimer
The information contained in this document represents my current view on date of issue, and is
subject to change at any time. This document and its contents are provided AS STATED.
The descriptions of other companys products in this document, if any, are provided only as a
convenience to you. Any such references should not be considered an endorsement or support.
I cannot guarantee their accuracy, and the products may change over time. Also, the descriptions are
intended as brief highlights to aid understanding, rather than as thorough coverage. For authoritative
descriptions of these products, please consult their respective representative.
All trademarks are the property of their respective companies.

Provisions have been provided in the proposal for modification of the proposal. Such revision and
modification can only be done Jatho Godfrey(jatho2001@yahoo.com)

1.0 1.0 HAKIMIS International Courier address
1.1 HAKIMIS International Courier
P.O. Box., Kampala, Uganda, Plot ., .. Road, Tel.
E-mail:
2.0 Executive summary

2.1 Vision/Mission Statement
We intend to provide our customers with the best

courier experience, fast and secure quality service
delivery.
2.2 Goals:
Our purpose /goal is to facilitate easy, fast, and secure

delivery of mails, parcel and commodities and otherwise in
the economic process.
2.3 Objectives:
2.3.1In furtherance of our goals ,HAKIMIS International Courier is
going to be registered as a limited liability company in
Kampala Uganda
2.3.2 HAKIMIS International Courier intents to partner with
HAKIMIS International Courier Services and international
courier .
2.3.3 To use the internet and mobile platform to facilitate fast quality
service delivery of the packages by sea, land, railway and air
means of transportation
2.4 The way forward:
2.4.1 In furtherance of the above objectives the
promoter has RESOLVED THAT a
Memorandum of understanding be signed with will
HAKIMIS International Courier Services and that
a loan will be secured from Dahabshill on terms
that shall be agreed on in order to facilitate the
start up
3.0 Description of business

2.1 Business directory/profile

2.1.1 The Company in Uganda.
HAKIMIS International Courier Limited will be registered in Uganda as a
limited liability Company for the provision of International courier services as
its core business. The Companys authorized capital will be decided in the
process of registration
2.2.1 Name Shareholders

2.2.1.1 Abdihakim EsmaelSaed.. %
2.2.1.2 To be included %
2.2.2 The Directors of the Company are:
2.2.2.1 Abdihakim Esmael Saed
2.2.2.2 To be included
2.2.2.3 To be included
2.2.3 Business address in Uganda: To be included
3 Estimated investments.
3.2 The total investment will cost an estimated USD 514,800( see appendix-Investment
schedule)
4 Operating system
4.2 The operation process

4.2.1 Couriers to Uganda from the countries where HAKIMIS International Courier
complex partners is operating will be lodged with any of the operating
branches and partners of the complex. Each parcel will be allocated a special
coded reference of HAKIMIS International Courier which will be transmitted
by the client/customer in any particular way to the beneficiary in Uganda.
4.2.2 The same reference will be sent by the Company courier office abroad to the
office in UGANDA by means of a special encrypted code. Upon application
by the beneficiary in UGANDA supported by the special reference allocation
by the courier office to the client/customer, the UGANDA office will make
payment to the beneficiary thus identified. This process applies in reverse to
outward remittances from Uganda.
5 Description of key personnel for each branch:

6.1 Key positions are:
6.1.1 Managing director
6.1.2 Manager
6.1.3 Accountant
6.1.4 Chief cashier
6.1.5 Sorters

6.1.6 Office messenger
6.2 Organization Chart
MD
Manager
Accountant
Sorters
Dispatch officer Receiving officer
Drivers
Office messenger
7.0 Risk/Opportunity: The greatest risks we have in our business today are:
7.1 Market risk, the possibility to experience losses due to:
7.1.1 Exchange rates variations
7.1.2 Factors that affect the overall performance of the financial markets.
7.1.3 Other sources of market risk include, changes in interest rates and Inflation.
7.2 Pricing risk,Probability of loss occurring from adverse movement in exchange
rates.
7.3 The opportunities:
7.3.1 The opportunities before us are significant; we have the opportunity to
dominate with our partners because of the goodwill of Dahabshiil
8.0 Strengths
8.1.1 Existence of partners located in the Uk, USA, Canada, Middle East and
Canada
8.1.2 Experienced staff
8.1.3 Existence business communities
8.1.4 Firm capital base
9.0 Financial aspects

9.1 Financial analysis
9.1.1 Assumptions and Parameters
Output Assumptions
Given the current political and economic conditions, it is expected that the
inflows and outflows of economic resources will increase gradually at least for
the next seven years in the UGANDA .If this happens, then the effect on the
demand for courier services is likely to grow stronger.
9.1.2 Courier charges assumptions

9.1.2.1 It is assumed on the bases of charges being made by the traditional
Courier that1kg of parcel will be charged at 1.5 USD on average from
an oversea destination.
9.1.2.2 That most of them will be on containers of 20 tons -net
9.1.2.3 That a total of 15 containers will be receive monthly
In view of the above assumptions the companywill perform as indicated here

below during the first five years.
10.0 Financial statement

10.1 Assumptions
5-YEAR FINANCIAL PLAN
HAKIMIS International Courier Ltd
FORECASTED REVENUE
Gross No. of Annual

monthly business revenue
Turnover months per product
USD USD
Charges on courier1.5 USDX 15 Containers of 20 ton 450,000 12.00 5,400,000.00
- -
TOTAL OF FORECASTED REVENUE 5,400,000.00
cost on charges
Expected
Annual cost of
charges
charges
margin
Charges on courier1.5 USDX 15 Containers of 20 ton 50% 2,700,000.00
NB charges include special charged for fast delivery by air ,

-
expenses incured from the originating country etc
TOTAL COMMISSION COST 2,700,000.00
ANNUAL MAINTENANCE, REPAIR AND OVERHAUL
Factor (%) on capital equipment 15%
ASSET DEPRECIATION
Number of Years 50
TAX
Annual Tax Rate 30%
INFLATION
Annual Inflation Rate increase 1%
PRODUCT PRICE INCREASE

Annual Price Increase 1%
FUNDING USD
Dahabshiil Loan Amount 40,000.00
Annual interest rate 0.00%
Term of loan (months) 60
Monthly rate 0.00%
Payment 666.67
Total Amount Payable 40,000.00
10.3 Branch income statement-UGX
PROFIT AND LOSS PROJECTION
PROFIT AND LOSS ASSUMPTION
Year 1 Year 2 Year 3 Year 4 Year 5
Annual cumulative price (revenue) increase 0.00% 1.00% 2.00% 3.00% 4.00%
Annual cumulative inflation (expense) increase 0.00% 1.00% 2.00% 3.00% 4.00%
INCOME
Revenue USD USD USD USD USD
Charges on courier1.5 USDX 15 Containers of

$5,400,000 $5,454,000 $5,563,080 $5,729,972 $5,959,171
20 ton
0 $0 $0 $0 $0 $0
0 $0 $0 $0 $0 $0
0 $0 $0 $0 $0 $0
Total revenue $5,400,000 $5,454,000 $5,563,080 $5,729,972 $5,959,171
Cost of Sales
Charges on courier1.5 USDX 15 Containers of

$2,700,000 $2,727,000 $2,781,540 $2,864,986 $2,979,586
20 ton
$0 $0 $0 $0 $0
Cost of goods sold $2,700,000 $2,727,000 $2,781,540 $2,864,986 $2,979,586
Gross Profit $2,700,000 $2,727,000 $2,781,540 $2,864,986 $2,979,586
Non-Operation Income
Rental

Interest income $0 $0 $0 $0 $0
Loss (gain) on sale of assets $0 $0 $0 $0
Other income (specify) $0 $0 $0 $0 $0
Toatal Non-Operation Income $0 $0 $0 $0 $0
TOTAL INCOME $2,700,000 $2,727,000 $2,781,540 $2,864,986 $2,979,586
EXPENSES
Operating expenses USD USD USD USD USD
Sales and marketing $30,000 $30,300 $30,906 $31,833 $33,107
Depreciation $400 $404 $408 $412 $416
Insurance $360,000 $363,600 $370,872 $381,998 $397,278
Payroll and Payroll Tax $128,520 $129,805 $132,401 $136,373 $141,828
Rent $180,000 $181,800 $185,436 $190,999 $198,639
Maintenance and repair $120,000 $121,200 $123,624 $127,333 $132,426
Utilities $45,000 $45,450 $46,359 $47,750 $49,660
Administrative expenses $150,000 $151,500 $154,530 $159,166 $165,533
Shiping expenes $1,206,000 $1,218,060 $1,242,421 $1,279,694 $1,330,882
Truck hire $150,000 $151,500 $154,530 $159,166 $165,533
Total operating expenses $2,369,920 $2,393,619 $2,441,488 $2,514,724 $2,615,300
Non-Recurring Expenses
Unexpected Expenses $15,000 $15,150 $15,453 $15,917 $16,553
Other expenses $0 $0 $0 $0 $0
Total Non-Recurring Expenses $15,000 $15,150 $15,453 $15,917 $16,553
TOTAL EXPENSES $2,384,920 $2,408,769 $2,456,941 $2,530,640 $2,631,854
TAXES
Income Tax $94,524 $95,469 $97,380 $100,304 $104,320
2% Levy $108,000 $109,080 $111,262 $114,599 $119,183
TOTAL TAXES $202,524 $204,549 $208,641 $214,903 $223,503

NET PROFIT $112,556 $113,682 $115,958 $119,443 $124,229
10.4 1.0 HAKIMIS International CourierLtd. balance sheet USD
BALANCE SHEET PROJECTION
ASSETS USD USD USD USD USD USD
Initial
Current Assets Year 1 Year 2 Year 3 Year 4 Year 5
balance
Cash and short-term

investments 10,000 114,956 221,042 329,408 441,262 557,907
Accounts receivable - - - - -
Total current assets

10,000 114,956 221,042 329,408 441,262 557,907
Initial
Property and Equipment Year 1 Year 2 Year 3 Year 4 Year 5
balance
Equipment
20,000 20,000 20,000 20,000 20,000 20,000
Land - - - - -
Capital improvements - - - - -
Machinery and equipment - - - - -

Less Accumulated depreciation
expense 400 804 1,212 1,624 2,040
Total Property and Equipment

20,000 19,600 19,196 18,788 18,376 17,960
Initial
Other Assets Year 1 Year 2 Year 3 Year 4 Year 5
balance
Goodwill - - - - - -
Deferred income tax - - - - - -
Long-term investments - - - - - -
Total Other Assets - - - - - -

TOTAL ASSETS
30,000 134,556 240,238 348,196 459,638 575,867
LIABILITIES
Initial
Current Liabilities Year 1 Year 2 Year 3 Year 4 Year 5
balance
Accounts payable
2,000 2,000 2,000 2,000 2,000 2,000
Accrued expenses - - - - - -
Notes payable/short-term debt - - - - - -
Capital leases - - - - - -
Other current liabilities

100 100 100 100 100 100
Total Current Liabilities

2,100 2,100 2,100 2,100 2,100 2,100
Initial
Debt Year 1 Year 2 Year 3 Year 4 Year 5
balance
Long-term debt/loan -
40,000 32,000 24,000 16,000 8,000
Other long-term debt
Total Debt
42,100 34,100 26,100 18,100 10,100 2,100
Initial
Other Liabilities Year 1 Year 2 Year 3 Year 4 Year 5
balance
Other liabilities (specify) - - - - - -
Other liabilities (specify) - - - - - -
Total Other Liabilities - - - - - -
TOTAL LIABILITIES
42,100 34,100 26,100 18,100 10,100 2,100
EQUITY
Initial
balance
Owner's equity (common)
10,000 10,000 10,000 10,000 10,000 10,000
Paid-in capital - - - - -
Preferred equity - - - - - -
Retained earnings -
112,556 226,238 342,196 461,638 585,867
TOTAL EQUITY
10,000 122,556 236,238 352,196 471,638 595,867

TOTAL LIABILITIES AND EQUITY
52,100 156,656 262,338 370,296 481,738 597,967
10.5 HAKIMIS International Courier Projected Cash Flow
CASH FLOW PROJECTION
USD USD USD USD USD USD

Operating activities Year 1 Year 2 Year 3 Year 4 Year 5 Total
Net income 112,556 113,682 115,958 119,443 124,229 585,867
Depreciation 400 404 408 412 416 2,040
Accounts receivable - - - - - -
Inventories - - - - - -
Accounts payable - - - - - -
Amortization - - - - - -
Other liabilities - - - - - -
Other operating cash flow
- - - - - -
items
Total operating activities 112,956 114,086 116,366 119,855 124,645 587,907
Investing activities Year 1 Year 2 Year 3 Year 4 Year 5 Total
Capital expenditures - - - - - -
Acquisition of business - - - - -
Sale of fixed assets - - - - - -

Other investing cash flow
- - - - - -
items
Total investing activities - - - - - -
Financing activities Year 1 Year 2 Year 3 Year 4 Year 5 Total
Long-term debt/financing - 8,000 - 8,000 - 8,000 - 8,000 - 8,000 - 40,000
Preferred stock - - - - - -
Total cash dividends paid - - - - - -
Common stock - - - - - -
Other financing cash flow
- - - - - -
items

Total financing activities - 8,000 - 8,000 - 8,000 - 8,000 - 8,000 - 40,000
Cumulative cash flow 104,956 106,086 108,366 111,855 116,645 547,907
Beginning cash balance 10,000 114,956 221,042 329,408 441,262
Ending cash balance 114,956 221,042 329,408 441,262 557,907
13.0 Appendix:
13.1 Appendix
INVESTMENT SCHEDULE
ITEM
Total current assets 10,000.00
Total Property and Equipment 20,000.00

Others
Sub-Total 30,000.00
WORKING CAPITAL 29,026.67
TOTAL INVESTMENT 59,026.67
APPENDIX 2
MANPOWER SCHEDULE
(AMOUNTS IN US$)
Annual
Position No. Rate Monthly NSSF Salary
USD USD USD USD
Branch Manager 1 1,500.00 1,500.00 150 19,800.00
Accountant 1 1,000.00 1,000.00 100 13,200.00
sorters 2 600 1,200.00 120 15,840.00

Dispatch officers 2 300 600.00 60 7,920.00
Office Messengers 2 300 600.00 60 7,920.00
Drivers 4 300 1,200.00 120 15,840.00
Audit and consultancy 2 2000 4,000.00 48,000.00
TOTALS 3,400.00 40,800.00 128,520.00
WORKING CAPITAL COMPUTATION
Year-by-year profit and loss assumptions

Year 1 Year 2 Year 3 4
Annual cumulative (revenue) increase - 0.02 0.04 0.08
Annual cumulative inflation (expense) increase - 0.02 0.04 0.08
ITEM/YEAR PROVISION YR 1 YR 2 YR 3 YR 4
for start up
USD USD USD USD
Sales and marketing
2,500 30,000 30,300 30,906 31,833
Depreciation
33 400 404 408 412
Insurance
2,000.00 360,000 363,600 370,872 381,998
Payroll and Payroll Tax
10,710 128,520 129,805 132,401 136,373
Property taxes
1,000 180,000 181,800 185,436 190,999
Maintenance, repair, and
overhaul 666.67 120,000 121,200 123,624 127,333
Utilities 3,750 45,000 45,450 46,359 47,750
Administrative fees
833.33 150,000 151,500 154,530 159,166
Shipping
6,700 1,206,000 1,218,060 1,242,421 1,279,694
Other
833.33 150,000 151,500 154,530 159,166
Net Working capital 29,027 2,369,920 2,393,619 2,441,488 2,514,724
w/capital b/f 2,369,920 2,393,619 2,441,488
Change in Working capital 2,369,920

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FEASIBILITY STUDY

Prepared by Jatho Godfrey

2.1 Vision/Mission Statement and

3.0 Description of business

3.1 Business Directory

4.0 Estimated Investments

7.0 Description of personnel

8.0 Risks and opportunities, Strengths and weaknesses

9.1 Financial analysis

9.1.1 Assumption and parameters

10.0 Financial Statements

Feasibility study for HAKIMIS International Courier by Jatho Godfrey jatho2001@yahoo.com

Feasibility study for HAKIMIS International Courier by Jatho Godfrey jatho2001@yahoo.com

All trademarks are the property of their respective companies.

Feasibility study for HAKIMIS International Courier by Jatho Godfrey jatho2001@yahoo.com

2.0 Executive summary

We intend to provide our customers with the best

Our purpose /goal is to facilitate easy, fast, and secure

3.0 Description of business

Feasibility study for HAKIMIS International Courier by Jatho Godfrey jatho2001@yahoo.com

2.2.1 Name Shareholders

4.2 The operation process

5 Description of key personnel for each branch:

Feasibility study for HAKIMIS International Courier by Jatho Godfrey jatho2001@yahoo.com

6.2 Organization Chart

Dispatch officer Receiving officer

9.0 Financial aspects

Feasibility study for HAKIMIS International Courier by Jatho Godfrey jatho2001@yahoo.com

9.1.2 Courier charges assumptions

In view of the above assumptions the companywill perform as indicated here

10.0 Financial statement

Feasibility study for HAKIMIS International Courier by Jatho Godfrey jatho2001@yahoo.com

5-YEAR FINANCIAL PLAN

HAKIMIS International Courier Ltd

Gross No. of Annual

Charges on courier1.5 USDX 15 Containers of 20 ton 450,000 12.00 5,400,000.00

TOTAL OF FORECASTED REVENUE 5,400,000.00

Charges on courier1.5 USDX 15 Containers of 20 ton 50% 2,700,000.00

NB charges include special charged for fast delivery by air ,

TOTAL COMMISSION COST 2,700,000.00

ANNUAL MAINTENANCE, REPAIR AND OVERHAUL

Factor (%) on capital equipment 15%

Annual Tax Rate 30%

Annual Inflation Rate increase 1%

PRODUCT PRICE INCREASE

Feasibility study for HAKIMIS International Courier by Jatho Godfrey jatho2001@yahoo.com

Dahabshiil Loan Amount 40,000.00

Annual interest rate 0.00%

Term of loan (months) 60

Monthly rate 0.00%

Total Amount Payable 40,000.00

10.3 Branch income statement-UGX

PROFIT AND LOSS PROJECTION

HAKIMIS International Courier Ltd

PROFIT AND LOSS ASSUMPTION

Year 1 Year 2 Year 3 Year 4 Year 5

Year 1 Year 2 Year 3 Year 4 Year 5

Revenue USD USD USD USD USD

Charges on courier1.5 USDX 15 Containers of

Total revenue $5,400,000 $5,454,000 $5,563,080 $5,729,972 $5,959,171

Charges on courier1.5 USDX 15 Containers of

Cost of goods sold $2,700,000 $2,727,000 $2,781,540 $2,864,986 $2,979,586

Gross Profit $2,700,000 $2,727,000 $2,781,540 $2,864,986 $2,979,586

Feasibility study for HAKIMIS International Courier by Jatho Godfrey jatho2001@yahoo.com