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DANWEL CONTRACTORS AND GENERAL SUPPLIERS LIMITED
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DANWEL CONTRACTORS AND GENERAL SUPPLIERS LIMITED
Zambia
Zambia
Company Profile
| Company Contact | ||
|---|---|---|
| Name: | Mr. Geoffrey K. Mbulo | |
| E-mail: | ||
| Mobile Number: | ||
| Phone Number: | ||
| Address: | MANSA, LUAPULA Zambia | |
| Average User Review | There is no review for this company - Write a review | |
| Registration Date: | Jun. 25, 2024 | |
| Last Updated: | Jul. 17, 2012 | |
| Business Nature: | Service of Transportation category | |
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| Company Brief | ||
Basic Information about Danwel Contractors and General Suppliers Limited Legal name and status of business: Danwel Contractors and General Suppliers Directors/ partners/ proprietors: Danny M. Mbulo Director/ Shareholder Geoffrey K. Mbulo Director/ Shareholder David Mbulo Director/ Shareholder Joseph M. Mbulo Director/ Shareholder Denny Musonda Director/ Shareholder Levison Banda Director/ Shareholder Address of main office: Plot No. 300 Chembe Road P.O. BOX 710526 MANSA, ZAMBIA Address of registered office: Plot No. 300 Chembe Road P.O. BOX 710526 MANSA, ZAMBIA Main telephone: 260-096-6529074 Physical Business Address: Plot No. 300 Chembe Road Former UBZ Depot Mobile Nos. Geoffrey K. Mbulo 096-6529074 Danny M. Mbulo 0977892133 David K. Mbulo 0963525562 Joseph K. Mbulo 0977441194 Denny Musonda 0969953763 Levison Banda 0966943504 Main email danwelcontractors@ hotmail.co.uk Web site: HAMMERSLEYMOTORS.itrademarket.com Name and address of parent company: As above Business Registration number: 143043 Business Registration Date 5th Day of May 2008 Business tax reference number( s) : TAX REF: 31/ 03/ 060953 TPIN NO. 4022369667111 Insert any other regulatory/ license items here ZPPA CERTIFICATE REGISTRATION NO. 1473/ 2012 Main shareholders: Danny M. Mbulo Director/ Shareholder Geoffrey K. Mbulo Director/ Shareholder David Mbulo Director/ Shareholder Joseph M. Mbulo Director/ Shareholder Denny Musonda Director/ Shareholder Levison Banda Director/ Shareholder Professional Advisers: Mr. Happy C. Mbulo Management Consultant - Legal advisers Chimuka and Co. of Mansa - Bankers CAVMONT MERCHANT BANK- MANSA â A/ C No. 20004067 EXECUTIVE SUMMARY Danwel Contractors and General Suppliers ( Danco) is an established organization that intends to offer a complete Auto Repair Service to Petrol and Diesel Driven vehicles. Additional services to be undertaken are General Automotive Engineering and Servicing of Diesel Fuel injectors Pumps and Petrol Fuel Injectors and Automotive Electronics. Other supporting services such as General Electricals Repairs of Electric Motors, starter motors and alternators, and Automotive Diagnostic Tests will be carried out. Furthermore, Body Repairs Works and complete Cleaning Service and Towing are to be offered in addition to any other related workshop operations to be undertaken. To add value to services mentioned above a fully fledged Genuine Auto Parts Shop shall operate simultaneously to carter for the public besides supporting the Workshop. Danco plans are to serve Luapula Province, and to be established in Mansa being the Provincial Headquarters. Mission Statement Companyâ s Mission and Vision shows the Companyâ s goal is to develop into fully fledged entity to introduce new concept of doing business. What will propel us to high heights are set values and organizational objectives. We intend to anchor our success on â Promoting sustainable auto servicing sector in rural areas in order to alleviate povertyâ . Marketing Analysis Under the marketing analysis, we have identified various interest groups to provide support to whole workshop operations. Individuals, Government Ministries and related departments, Utility Companies and private Companies Projects under various cooperating partners and Non Governmental Organizations, Passenger Transport sector and in additional we have projected for the opened up tourism industry and upcoming mining companies. These external forces are cardinal to the success of the Company. Below is the table showing our preferred share of the market. 2012 Market Analysis - Motor Vehicle Population in LUAPULA and NORTHERN PROVINCE Growth 1st Yr. 2nd Yr. 3rd Yr. 4th Yr. 5th Yr. Local Residents 10% 950 1, 045 1, 150 1, 264 1, 391 Government Departments 5% 3, 600 3, 780 3, 969 4, 167 4, 376 Donor Funded Projects 5% 960 1, 008 1, 058 1, 111 1, 167 Insurance Companies 6% 200 212 225 238 252 Free way Traffic 10% 330 363 399 439 483 Other 10% 600 660 726 799 878 Total 46% 6, 640 7, 068 7, 527 8, 019 8, 548 Recent Progress 1. Registration of the Company. 2. Undertook a revised Market research. 3. Competitorsâ analysis research. 4. Development of a bankable Business Plan. ( Approved by Citizens Economic Empowerment Commission) . 5. Qualified to be exempted on paying tax for five years - 2009-2014 by Zambia Development Agency. 6. Tax Compliance with Zambia Revenue Commission. 7. Secured business premises planned for this type of business operation.( to be rented initially) . 8. Acquired Agricultural Land 600 Hectares ( Diversification program) . 9. Applied to the Local Authority for Commercial Plot 1 Hectare. 10. Acquired a Diesel Injector Pump Test Bench ( Hubei Fotma Machinery Co., Ltd. by States Funding) . 11. Secured Contracts with several Institutions for service provision. 12. Waiting to sign Trade Partnership with several Manufacturers of Motor parts ( China, Taiwan, Indonesia, Turkey and Russia. PRODUCT / SERVICE DESCRIPTION and TECHNOLOGY General over view of Service offerings Danco has the core competencies amongst its crew to work on all makes and models of vehicles, on all operations of the workshop. The proposed service bays at the location which shall include the washing bay, Body Shop, Express Car Services, major repair service, Wheel fitment centre, will enhance productivity. And all its employees will be focused on superior customer service output. Quick turnaround shall always be the standard at Danco. Automotive Mechanical and Electrical Repair Section Danco has knowledge on most modern vehicles that have onboard Computer System which control or monitors performance of the - vehicle, coding values, faults codes and faults caused by the drivers which are logged in the system that may differ from manufacturerâ s specifications. Diagnostic equipment to be acquired with up to date software for modern vehicles will provide Fault code reading, Fault code clearing. Automotive diagnostics test will involve more than just plugging in a scan tool to read faults. Diagnostic error codes shall provide clues as to what the control system recognizes as a fault( s) but the mechanics will be aware that is an electro mechanical system which will be under repair. Deployment of Diagnostic Equipment will enhance our operations as less likelihood of groping in the darkness when assessing the faults will be the main stay. The mechanics will be assisted to expedite completion of repair work in real time to the satisfaction of our esteemed customers. Engine Reconditioning Section Danco intends to acquire reconditioning machine from a reputable company from China and other Countries, and these shall do the following: provide the highest quality and precision in the machining and engineering services: Turning, Milling, Surface Grinding, Blanchard Grinding Gear, and Hobbing Gear Shaping. Diesel Engineering Department Our installed Fuel Injection Pump Test Bench 12PSDWAdvanced Type in itâ s 12 cylinders 15kw motor, can start and test both in-line and rotary fuel injection pumps, for example, A, B, P, Z, VE pumps by employing the suitable accessories. a: Measurement of each lineâ s delivery at different numbers of rotation with automatic delivery at presetting on the value from 50 to 1000. b: checking of each lineâ s injection timing and starting point of injection. c: checking of machine speed regulator.. d: checking and testing distributor pump. e: checking the device of air pressure/ vacuum. f: measurement of distributor pumpâ s body internal pressure., g: checking of injection pumpâ s tightness, j: checking of the transfer pump. Sales Forecast Projections As the table below show Sales will increase from, of about ZMK1, 003, 700, 000 in the first year, ZMK6.2 billion in the fourth year and ZMK8.15 billion in the fifth year of the plan This represents an average annual growth rate of 21.1% over the period of five years. The Accumulated net profit of ZMK2, 375, 025, 451- reported by fifth year will be achieved through prudent fiscal discipline management. The key factor in this improvement will be the maintaining of average gross margins of 79% as shown in Annual Income Statement. SALES Year 1 Year 2 Year 3 Year 4 Year 5 1, 003, 700, 000 3, 334, 844, 790 4, 876, 995, 123 6, 228, 557, 630 8, 094, 010, 640 Repa ir Services 1, 003, 700, 000 3, 334, 844, 790 4, 401, 995, 123 5, 545, 745, 130 7, 206, 695, 7 96 Auto Parts - - 475, 000, 000 682, 812, 500 887, 314, 844 Total Sales 1, 003, 700, 000 3, 334, 844, 790 4, 876, 995, 123 6, 228, 557, 630 8, 094, 010, 640 KEY RATIOS 1st Year 2nd Year 3rd Year 4th Year 5th Year Profitability Ratios Return on equity 20.30% 57.50% 63.70% 65.80% 72.70% Return on assets 16.10% 49.20% 56.40% 41.30% 46.40% Return on sales 11.81% 22.37% 21.17% 18.73% 23.08% Gross profit margin 90.80% 66.10% 62.80% 63.10% 66.60% Liquidity Ratios Current ratio 7 1 1 2 1 Long-term debt ratio 0.44 0.26 0.22 0.2 0.15 Debt to equity ratio 0.8 0.42 0.36 0.34 0.27 An income margin begins with 90% of sales in the first year and progressively maintains an average of 79% by the fifth year respectively. Return on assets is 13.6% in the first year and increases to 36% in the fifth year. Debt to start declining starting with 83% of owners' equity in the first year MANAGEMENT BACKGROUND The six ( 6) senior management/ promoters have to their credit relevant qualifications to run the Company efficiently and professionally. Two of the senior managers have a total of 38 years of technical in Diesel engineering and Auto Mechanics both in Petrol and Diesel propelled engines and have acquired enough knowledge to carry out other works in the workshop. The other managers have background spanning several categories of management such as Banking, Marketing and Financial disciplines and their total years of experience will ensure smooth management performance. | ||
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