for
Flour Mill
Manufacturing
By: Abraham W/Gebriel, Shewa robit town
Adminstration
PRESENTED TO: DEVELOPMENT BANK OF
ETHIOPIA
June 2016
SHWA ROBIT
1 | Page
EXCUTIVE SUMMARY
This Business plan envisages the establishment of a plant for the production of wheat flour
with a capacity of -----------tones per annum working 16 hours per day and 300 days a year.
The project will start by producing 50% of its capacity at the first year and then increase to
75%, 85% and 100% in the second third and fourth year respectively. All the capital goods
needed for this flour mill manufacturing poject will be obtained from Development Bank of
Ethiopia ,Shewa robit branch, through hire purchase agreement .
The demand for wheat met through both domestically produced and import. The present
(2016) demand for wheat flour is -----------tones. The demand is projected to reach
------------by the year 2020 and 2021, respectively.
The principal raw materials required is wheat which will be obtained from sournding
highland areas like debrebrhan(90km far away from project site),debresina ,menza and
other dega owredas of kewot and tarmaber. Therfore, the requierd raw material need of the
project is completely satisfied by domestic suppliers . The total investment cost of the
project including working capital is estimated at -----------------. From the total investment
cost, the highest share (Birr---------or 80% is accounted by fixed investment cost followed by
initial working capital (Birr ------- or 20%).
The project can create employment for 40 persons. The establishment of such factory will
have a foreign exchange saving effect to the country by substituting the current imports. The
project will also create backward and forward linkage with other sectors of the economy and
also generates income for the Government in terms of tax revenue and payroll tax. .
2 | Page
1.3
PROJECT OBJECTIVES
flour per annum and to make 25% of profit out of the annual operation of the
factory. To achieve these objectives the factory will produce products and distribute
flour with two quality grade. Grade one flour will be produced to meet the demand
of cake shops and cafeterias to make different versions of cakes and the second
grade of the flour will meet the demand of bakery operating in the town and in the
surrounding areas of the project site.
In addition the project also has the following additional derivative objectives to be
realized during the process:A.
B.
C.
3. MARKET STUDY
3.1 Past Supply and Present Demand
4 | Page
In Ethiopia, the rural population used to consume flour made from cereals by
traditional means at home. Grain mills, however, are expanding deep into rural
areas reducing labor and time for women, replacing home-made flour consumption
by industrially processed flour; however, it is still insignificant in rural Ethiopia.
Urban dwellers, on the other hand, consume more and more flour produced by flour
mills and thus shifting to manufactured flour. Urban households also consume food
items like bread, biscuits and cakes prepared at home or in bakeries and pastiness
made from industrially processed flour.
The demand for wheat flour is met through both local production and imports. To
understand better as how domestic supply of flour was growing and import of flour
was doing it worthwhile to analyze consumption wheat flour trend for the past ten
years (Table 1). From this trend one can easily understand that though the domestic
supply was erratic, it was keeping growing from 2001 to 2010 while the import
supply was not declining but rather increasing in volume from 2004 to
may indicate
2010. This
that the domestic demand for flour always surpass the supply of
domestic products and hence the importers were used to supply the excessive
demand through import for those period of times. As it is shown on Table 1, the
peak level of local production, 318354 tons, was registered in year 2015 and imports,
247,567 tons, in 2015.
Table 1: APPARENT CONSUMPTION OF WHEAT FLOUR 2000-2010 (TONNES)
Year
Domestic Production
Import
Total
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
195,437
165,345
142,541
136,669
155,692
163,477
171,650
166,501
161,506
169,581
176,364
23,059
60,995
13,757
122,365
19,662
20,645
21,677
21,027
20,396
21,416
22,273
216,915
218,496
226,340
156,298
259,034
175,354
184,122
193,328
187,528
181,902
190,997
198,637
2012
5 | Page
252720
272937
226,676
2013
236,877
294772
2014
531,649
247,536
318354
2015
565,890
565,921
247,567
318354
Source: 1. CSA, Report of survey of the Manufacturing & Electricity Industries, annual issues
2015.
2. Customs Authority, External Trade Statistics, Annual Issues 2015.
per capita consumption of 30 kilograms and with the estimated current population
size of the country (80 million), the present effective demand for 2016would
amount to 234,000 tons and supply would be 207575, and implying a supply short
fall of about 26,425 tons which a new plant could aspire to exploit at national level. .
Year
2016
2017
2018
2019
6 | Page
Projected
Demand
343821
371326
401032
433114
Projected
Supply
258,675
270,316
282,480
295,191
Un
satisfied
Demand
85146
101010
118552
137923
2020
308,475
467763
2021
505184
159288
322,356
182828
The projection of the future demand made based on the forecasted national
demand of flour as the flour demand is not only limited to some parts of the country.
However, the demand of the flour from the context of the Eastern Ethiopia may give
additional insight to note the availability of room or demand for additional flour
product.
According to Amhara region Trade Industry and transport
there are some 15 flour mill plant in the region but only some of 12 of them are
operating and computing in the markets in Bahre Dare,Dessie and Debre Birhn and
there is only 1 flour mill plant in shewa rbit town. In addition to this, due to their
inability of supplying the market with enough flour ,from dessie and debre berhan
Flour produced being supplied to market in shewa robit town and its sourounding
areas. Flour plants actively operating in north shewa zone and south wollo zone are
arround 5.
performance and market supply, according Amhara region Trade Industry and
transport
18000 to 20000tons of flour to the north shewa zone and south wollo zone .
On the other hand,
population size, level of urbanization in the rural areas, rate of monetization of the
economy, price food stuffs used to make traditional food and volume of flour
illegally imported by contrabandists. Although, it is difficult for this study to analyze
the contribution of these demand inducing factors, it is possible to estimate the
demand for flour by taking the population size
zone-----------
,South
Wollo
zone
adminstration----------,Kewot woreda------
----------
,shewa
robit
town
The current average market prices of flour is Birr 1800 per quintal for standard I
flour and Birr 1600 for standard II flour. For this project, factory gate price will be
Birr --------------- per quintal for standard I flour and Birr ------------------ for standard II
flour is proposed. The bran factory get price will be --------------- Birr per quintal.
(please received data from owner)
As it is already stated, the factory will employ marketing strategies like reducing
factory gate prices, supplying market with quality flour and opening up distribution
centers at the proximity of the potential consumers. To implement these strategies
and to woo more customers, there will
be distribution centers in D/sina ,Ataye ,Rasa,Yelen and Shewa robit town . The
factory will recruit main and sub-agents from the local people in these are and
supply them constantly with flour without coming to the factory and design sales
collection mechanism on weekly base.
In urban area, like Dedre Sina,Ataye,Yelen , Shewa robit and other towns located in
cash crop producing area, the factory will arrange special business relationship with
bakers like arranging short-term credit mechanism, for example, installing a credit
system of taking some quintals of flour in advance and paying back on weekly
bases and taking and paying again and again. Parallel with the credit sachem, strict
controlling mechanism will be designed and implemented to avoid any loophole for
credit defaulters.
Taking only about 1% of the demand for the year 2016, the envisaged plan can get
market share of 2729 tons of flour for the first year of operation. To achieve this
goal, the project promoter has proposed to purchase a flour mill plant which has
ideal capacity is 36tons per 24hours. Therefore, the plant will operate using one
shift for 8 hours a day, for 300 days a year during the first year of the operation and
8 | Page
will increase its production by extending working hours to 16 hours a day using two
shifts. With this gradual upgraded capacity, the plant will convert 7200 tons wheat
(the maximum target to be achieved by working 16hours and using two
shift workers) in to 5616 tons of wheat flour during two shifts (operating for
16hours/ day).
standard II flour will be produced at 70% of the total products and will be mainly
used for baking bread. The proposed production program me is given on Table 3.
Years
Production
(tons)
1
50
2
85
3-10
100
Standard I Flour
843
1432
1685
Standard II Flour
1965
3341
3931
Bran
792
1346
1584
Based on the practical market situation prevailing in our country, wheat is widely
grown and produced for marketing purpose in Arsi area, Bali, East and West
hararghie, Welaga area
difficult to estimate annual market supply from these areas, it is possible to get
continuous supply of wheat from the market in these areas. Some times when there
is a shortfall of supply of wheat in domestic markets; it is hard fact that wheat is
imported from aboard.
agricultural
failures across the country, of course it remotely happens once in many years,
wheat as row material for plant easily collected throughout the year from these
markets. Yes, of course, as wheat agricultural commodity, its supply would fluctuate
throughout the year but it can be managed by designing sound market strategies to
collect it at time of the harvest and when the supply is good and keep reasonable
wheat stockpile for reasonable time.
Auxiliary materials required are sack or plastic bags for packing flour and bran.
These can be easily obtained from local markets. To calculate the annual cost of the
raw and auxiliary materials for wheat 1300Birr per quintal is taken as annual
average price at different markets located in Amhara region and for a plastic bag
and labeling 5.50 Birr taken
as unit price. The estimated annual cost of raw and auxiliary materials at full
capacity is given in Table 4 below.
Table 4: RAW & AUXILIARY MATERIALS REQUIREMENT & COST(please take market price for
your purpose)
S.N
1
Description
Wheat standard I (ton)
Qty.
2160
5040
35280.00
72000
396.00
31680
126.72
Total
50922.72
5 .2 Utilities
10 | P a g e
The major utilities required by the plant are electricity, water and lubricants. The
estimated annual requirement at full production capacity of the plant and the
corresponding cost are given in Table 5:
S.N.
Description
Unit
Qty.
Unit price
(Birr)
Cost
('000 Birr)
1
2
3
Electricity
Water
Oil and
lubricants
Total
kWh
m3
Kg
478800
900
100
0.55
2.43
40
263.34
2.250
4.00
11 | P a g e
269.59
Milling
Wheat Intake and Pre-cleaning: The major unit operations are dumping,
conveying, weighing, pre-cleaning and conveying to storage silos or transferring to
the working bins of the cleaning room.
Wheat Cleaning and Preparation: The main unit involved operations are
weighing, screening, destoning, impurity separation, ferromagnetic separation,
scouring, aspiration, dampening, tempering and etiolating.
Milling:
prices and to win marketing battle as most of the competitors with identical
products are with latest technologies and benefiting from more production and less
production cost per unit of output market strategies.
It is a foolproof fact that it is possible but improbable to survive and prevail by
using outdated old flour plant in such harsh and merciless market competition let
not mention globalization.
in the
expansion project
replacement of old flour plant by new and high-tech one is vital to put the project in
frontline with its business rivals to become stiff competitors.
promoter has made his choice regarding machine capacity, country of origin and
type of the machine considering all internal and external factors. To this effect, the
plant going to be purchased will have a capacity of 36tons per 24 hours, Chanees
Hebi pingle flour machinery group co. ltd company, and 1 set of 6FTFS-36A flour mill
plant with two years spare parts and spare roller. (See the detail list of the spare
parts on annex 1). Generally, detail of the plant and other complementary
equipment
are
exhibited
on
Table
6.
the current
price of all )
S.N
Description
Model
Unit
Qty.
(No.)
Roller miller
6F2240
PC
Roller miller
6F2235
PC
FSFS83*12*
2
PC
Supporter
Set
PC
Floor extractor
PC
Bran brush
PC
DTG140
PC
Screw conveyor
LSS160
PC
10
Flour receiver
PC
11
Magnetic separator
PC
12
Bag filter
Set
13
Air lock
PC
14
14
PC
6-23No.6.5
TCXT120
200
Bucket elevator
DTG140K
PC
16
GSS80A
PC
13 | P a g e
Total Cost
(000 Birr)
17
Magnetic separator
TCXT120
PC
18
Grinding-beating machine
CDJ
PC
19
TQLM63
PC
20
Dry stoner
QSX45
PC
21
Washing machine
XMS70
PC
22
Screw conveyor
LSS160
PC
23
Wheat scourer
59DMJ
PC
24
6-30No5
PC
25
7-72No5
PC
26
Cyclone
D=800
PC
27
PC
28
Set
29
Bucket elevator
PC
DTG200K
Others equipment
30
Prefabricated pipe
Set
31
Set
32
Accessory
Set
FOB Price
Freight, Insurance, Bank charges and Inland
transport
CIF Total
1680.00
395.204
2075.234
project. For
the proposed expansion project additional buildings are under construction in the
compound of operating flour factory. At present the project owner is constructing
additional two buildings for the purpose of installing machine and for the purpose of
keeping raw materials and finished goods. Other buildings for office, product
display, and shower rooms will
mentioned two buildings. Regarding the status of buildings under construction their
super structures are about to be completed and so far the project owner has
14 | P a g e
financed the project from his own resource to make these constructions are 70%
possible.
other crucial task of the project. Without which all could be equivalent to nothing.
Therefore, the existing 64KW power line will be replaced by the power line required
by the new plant.
The cost of building, civil works and power line installation is estimated to be Birr
1,558,433.
15 | P a g e
Table 7: COSTS OF BUILDINGS AND CIVIL WORKS(take the real data,since the building
already bult)
NO
Description
Unit
and
Qty
Unit cost
Total
Cost
( inBirr)
(000 Birr)
502.367
compound
construction
2
Store(
goods store)
Store( for washing
materials)
Installation
and
electric
raw
M2
250
2275
568.254
M2
112
3016
337.812
line
150,000
1558.433
Description
I
No.
Qualificatio
n
Experienc
e
Salary (Birr)
Monthly
Annual
Administrative staffs
Manager
Economist
3years
3000
36000
Executive secretary
Secretary
2years
1000
12000
Accounting
2years
2000
24000
Accounting
2years
1500
18000
Cashier
2years
800
9600
Clerk
High
school
Graduate
High
school
700
8400
16 | P a g e
0 years
Guard
Graduate
-
0 year
500
12000
Janitors
0years
700
8400
128400
II
10
Chemist
11
12
Commercial head
13
14
Store keeper
15
Purchaser
16
Salesperson
17
18
Operator
19
Laborer
20
Food
science
chemistry
2years
1500
18000
2years
2000
24000
Plant
science
Marketing
2years
2500
30000
1800
21600
3years
2years
1500
18000
2years
850
20400
2years
800
9600
2years
800
9600
2years
950
11400
2years
800
9600
Manageme
nt
12
graduate
Procureme
nt
High
school
Graduate
High
school
Graduate
TVT
Graduate
-
0years
600
43200
Janitors
0years
700
16800
21
Mechanic
2years
1000
12000
22
Electrician
2years
1000
12000
23
2years
500
6000
24
Drivers
0 year
1000
12000
25
Guard
TVT
Graduate
TVT
Graduate
TVT
Graduate
TVT
Graduate
-
0 year
500
12000
Sub-total
34
Grand Total
Employees benefit (25% BS)
Grand Total
286200
414600
103650
518250
1 year
Source of finance
Tax holidays
2 years
Bank interest
9%
11%
Accounts receivable
30 days
60 days
Work in progress
1 day
Finished products
30 days
Cash in hand
5 days
Accounts payable
30 days
S.N
.
1
2
3
Cost Items
Building, Civil Work and Installation of Power Line
Plant Machinery and Equipment
Office Furniture and Equipment
Total Cost
Birr)
1558.433
2075.234
100.00
1200.00
4933.667
18 | P a g e
(000
N
O
Description
Expected
life
Original value
(000 Birr)
Annual Dep.
(000 Birr)
30
1558.433
51.95
25
2075.234
83.009
15
100.00
0.67
Vehicle
10
1200.00
120.00
Total
255.629
Description
Cost
50922.72
96.5
2
3
Utilities
Maintenance and Repair
269.59
100.00
0.5
0.1
286.20
0.7
Administration Costs*
128.40
0.2
51850.56
98
Depreciation
255.629
0.56
689.79
52795.98
1.44
100
* Administrative cost includes salaries and wages, insurance, social costs, materials and services used by
administrative staff etc.
19 | P a g e
following chart and Table highlight the projected total investment cost
The total investment cost including working capital is estimated at 7.89million. The
major breakdown of the total initial investment cost is shown on Table 12 and cash
flow of the investment is presented on table 13.
Table 12: INITIAL INVESTMENT COSTS (000)
No
Description
Cost in birr
1`
4933.667
1.1
1558.433
1.2
2075.234
1.3
100
1.4
2
1200.00
262.45
Working capital**
5185.06
20 | P a g e
**Working capital determined based on the target set for the first year of operation (36000qunital of
wheat) and thus wheat stock for two moths 6548quintal*700Birr=4,583810securing one month salary
518250, 6548plastic bags*5.5=36000, and miscellaneous expenses 47,000Birr.
Items
No
1
2
3
4
5
6
21 | P a g e
Quarter
467.53
467.53
3rd Quarter
4th Quarter
467.53
-
1680.00
467.53
1680.00
623.37
395.204
100.00
1200.00
262.45
5185.06
7757.678
project)
Activities
em
Augu
Se
st
pt
v
1.Construction and civil
work
-Warehouses
-Office
-Reservoir and
compound
-Installation of power
line
2.Purchase of flour plant
3. Installation of the
plant
4. Testing the plant(trial
period)
5. Purchase of vehicle
and furniture
6. Recruiting additional
manpower
7. Purchase of raw
materials
8. Market outlet
arrangement
9. Starting operation
Regarding the physical work of the project, it is planned to complete the overall
project within one year and start operation at end of the project year. With this goal
that the King flour expansion project started to undertake construction part of the
project some five months ago and still in the process of construction of warehouses
and plant house.
intended time the project promoter is seeking financial partner like Commercial
Bank of Ethiopia to work together
Table 14). Therefore, according the work plan the project will get through project
cycle and complete its project phase by the end of August and start operation in the
early week of September 2012.
22 | P a g e
it if the is a change in
current price)
NO
1
Description
Wheat
1.1.Standard I
1.2.Standard II
Bran
Unit
Ton
>>
>>
1
2808
843
1965
792
2
4773
1432
3341
1346
Project Years
3
4
5616
5616
1685
1685
3931
3931
1584
1584
5-10
5616
1685
3931
1584
11.5 Revenue Forecast (put your own based on the appropriate data
set)
By assuming that the project will operate and achieve the planned targets of
outputs for the forecasted periods, sales and revenue are extrapolated
based on
the same assumptions as that of production projection. With these assumptions, all
products type I flour, type II flour and the byproducts the bran will be sold out
during the production month and the first week of the next month, there is
continuous supply of raw materials specially wheat, the maximum achievable
production capacity is converting 7200tons wheat in to flour using two shifts and 16
working hours and these capacity realized by producing 50%,85% and 100
% of
its maximum achievable capacity during 1 st, 2nd, 3rd year of production respectively.
Therefore, based on these assumptions the sales and revenue are forecasted for the
23 | P a g e
coming
10
years
are
presented
as
follow.
NO
Description
Unit
Project Years
1
Wheat Flour
1.1.Standard I
1.2.Standard II
Bran
Total
Birr
>>
>>
2
8430.00
17292.00
1980.00
27702.00
3
14320.00
29400.80
3365.00
47085.80
4
16850.00
34592.80
3960.00
55402.80
5-10
16850.00
34592.80
3960.00
55402.80
first year of operation. Important ratios such as profit to total sales, net
the
16850.00
34592.80
3960.00
55402.80
income generated (cash inflow) and expenses (cash out flow) for seven consecutive
years , and balance sheet of the project at end of each operational years and
balance sheet on zero year ( property status of the project right moment before the
staring operation) are presented on Table 17 and 18 .
25 | P a g e
Regarding the source of finance, the project owner will cover 30% of the total
investment cost and 70% of the remaining part of the investment to be solicited
from the financial institutions in term of midterm loan. The amount of estimated
loan from lending institution and loan repayment schedule are exhibited on Table
19. However, it is expected that the first six months of the operation will be full of
daunting tasks till the marketing of raw materials, flour production process,
distribution of the product at competitive price and getting foothold in the new
markets must be well-linked and fitted in one another without break.
Considering
all these challenges, the project owner requires grace period of one year during
operation to start paying back main l TABLE 17: SEVEN YEARS PROJECTED BALANCE
SHEET OF KING FLOURMILL FACTORY (000BIRR)
(Modify it based on your valid data obtained from you project site )
1
Assets
1.1.Current asset
1.2.Account
receivable
1.3.Fixed asset*
Total
2
Year 1
Year 2
Year 3
Year 4
Year5
Year6
5185.06
4545.4
4929.8
5600.4
6369.5
7237.1
8203.3
5187.71
4932.1
4676.5
4420.87
4165.24
3909.6
1
3653.98
10372.77
9477.5
9606.3
10021.27
10534.
7
11146.
7
11857.2
8
Liabilities
2.1.Short term
liability
Year 0
7260.94
6223.66
5186.42
4149.14
3111.9
2074.6
1037.3
Total
7260.94
6223.66
5186.42
4149.14
3111.9
2074.6
1037.3
3111.83
3111.83
4419.9
5872.13
7422.8
8
9072.1
3
10819.9
8
Capital
3.1 Owner
equity (30%)
26 | P a g e
TABLE 18: PROJECTED PROFIT LOSS ESTIMATES OF THE PROJECT (000BIRR) (CASH
INFLOW AND OUTFLOW PROJECTION) (modify
Description
5-10
Total revenue
27702.00
47085.80
55402.80
55402.80
55402.80
Operational
expense
26434.93
45072.98
52368.81
52368.81
52368.81
Gross Profit
1267.07
2012.82
3033.99
3033.99
3033.99
255.63
255.63
255.63
255.63
255.63
1011.44
1757.19
2778.36
2778.36
2778.36
833.5
833.5
833.5
1011.44
1757.19
1944.86
1944.86
1944.86
Less Depreciation
Profit before tax
Profit tax (30%)
Net profit
Capital
items
4,930.0
0
26434.93
2
3
0
0
45072.98
52368.81
0
833.5
Year
27 | P a g e
Income
Tax
Gross
cost
31,364.9
3
45,072.9
8
53,202.3
Disco
unt
Factor
PV of gross
cost @ 11
%DF
0.90
28256.69369
0.81
0.73
36582.2417
38901.07054
Gross
Benefi
t
27702
47085
.8
55402
Disco
unt
Facto
r
0.90
0.81
0.73
PV of gross
benefit @
11 %DF
24956.756
76
38215.891
57
40510.049
NPV
3299.94
1633.65
1608.97
IRR
52368.81
833.5
52368.81
833.5
52368.81
833.5
0
4,930.0
0
52368.81
833.5
4,167.5
0
Total
333,351.96
28 | P a g e
1
53,202.3
1
53,202.3
1
53,202.3
1
53,202.3
1
342,449.
46
0.66
35046.00949
0.59
31572.98153
0.53
28444.1275
0.48
25625.34009
4.71
224,428.46
.8
55402
.8
55402
.8
55402
.8
55402
.8
351,8
01.80
0.48
86
36495.540
41
32878.865
24
29620.599
31
26685.224
61
4.71
229,362.93
0.66
0.59
0.53
9
1449.53
1
1305.88
4
1176.47
2
1059.88
5
4,934.4
6
(modify it accordindg to
lease policy and based on the data that will be changed)
TABLE 20: LOAN REPAYMENT SCHEDULE IN( 000BIRR)
Year
Grace
Period
Loan
receipt at
beginning
of the year
7260.94
7260.94
6223.7
5186.4
2
4149.14
3111.86
2074.58
1037.3
Interest at
the end of
the year
862.24*
689.79
591.251
5
492.709
9
394.168
3
295.626
7
197.085
1
98.5435
1037.28
1037.28
1037.28
1037.28
1037.28
1037.28
1037.28
Pre
operation
Bank
interest
(during
constructio
n)
172.45*
*
0
Repayment
of principal
at the end
of the year
NB:
Total
repayment
(interest
plus
principal)
862.24*
1727.07
1628.53
15
1529.98
99
1431.44
83
1332.90
67
1234.36
51
1135.82
35
Outstandin
g balance
at the end
of the year
7260.94
6223.66
5186.4
2
4149.1
4
3111.8
6
2074.5
8
1037.3
0.02
*Bank interest for grace period includes interest during the construction time or preoperational period
** Interest during the construction period which is computed only for three months.
29 | P a g e
Fixed Cost
X 100 = 41%
13 ECONOMIC BENEFITS
At the realization of King Flour Mill Expansion Project a number of macro benefits
will be created. The local government will get revenue starting from the third year of
the operation of the factory. Without mentioning the income tax that to be deducted
from the salary of the employees, the local government will get 0.83milion Birr/year
in the forms of profit tax. Creation of employment opportunity also other important
benefit. With this regard, the project will create temporary job opportunity for sound
number of daily labors during the construction phase of the project. In addition to
temporary employment opportunity the project can create employment for 32
persons. In addition to supply of the domestic needs, the project will generate other
investments as multiplier effect of this investment. The establishment of such
factory will have a foreign exchange saving effect to the country by substituting the
current imports of flour from abroad to meet the demands of local markets.
30 | P a g e
14. ANNEX
OFFICE FURNITURE
Items
Unit of
Measurement
Quantity
Unit Cost/Price
In (Birr)
Table
No
2500
20000
Manager Chair
No
2200
17600
Gust Chair
No
1200
9600
Shelf
No
3000
12000
Secretarial table
No
4800
4800
12000
36000
Filing cabinet
100000
31 | P a g e
32 | P a g e