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GROUP 6 OF SECTION 6
PROUDLY PRESENTS
Prepared by:
Firoz Rahman Al Aman – 081235030
Mohammed Musarrat Abdulla – 081813030
S.M. Faisal Munim – 081713030
Khondker Rahat Hasan – 081308030
M Shafayet Hassan – 081305030
Richard Aungon Gomes – 061389030
Executive Summary:
The name of our company is Desh Fertilizers. Our product is Guti Urea fertilzer which is a
new form of Urea fertilizer. It is a pretty new technology in our country. It has been
introduced by the US-AID to our country. Bangladesh is a agriculture based country and rice
is the staple food of people. Where there is rice production therer is need for Urea fertilizer.
Usually farmers of our country use the regular prilled urea which is not very effective. Thats
why the Guti Urea has been introduced and ots popularity is increasing day by day. Rice is
being produced almost every where in bangladesh but Northern part of Bangladesh is very
reknowned for producing rice. About 17% of all the rice is Produced in Rangpur Division of
the Northern part. Thats why our targeted market is Rangpur division. We will hire a place to
set our production plant. We will buy 10 Briquqette machines for our production. We will
also hire labor from the sorrounding area which costs low and will pay them in an hourly
basis. The raw materials of our product will come from the prilled urea production
companies. Our business will be financed 50% by us and 50% loan will be taken from the
bank which is 1400000 taka. Very few companies are producing Guti Urea in Rangour
division in a very small amount. So we will promote our product in this area through our
sales executives and go to the farmers to encourage to use our product. There is still a very
large unexploited market in northern part of Bangladesh. So we have a great opportunity to
capture the market in the future. As per our financial projection our company will reach break
even with in 3 years and the loan will be paid in 5 years. Our company will pay back in 2.57
years. As the market is growing and there is very few competitors in our targeted market, we
can expect a very profitable future of our business.
Fertilizer is one of the key inputs for increasing crop yields and its contribution to crop
production is about 50-60% on an average. In our country Urea, TSP, Gypsum and various
other types of fertilizers are used for Rice production. But Urea is proven to be the most
effective fertilizer and that is why for a long time it is widely used by our farmers for rice
production. In 2009-10 Boro Season the demand of Urea in the entire country was 12.5
Metric Tons.
Despite Urea being the most effective and widely used fertilizer for rice production the
general form of this fertilizer (Prilled Urea) has been observed to be only 30% effective in
comparison to how much fertilizer is applied per hectare. As a solution of this problem in
2008 a new form of urea has been invented using Urea Deep Placement (UDP) technology
which is widely known as Granular Urea (Guti Urea). This new form of urea fertilizer has
been proven to be 70%-90% effective. This new technologically modified form of urea
fertilizer has been so much promising that within 1 year from launching; the demand for Guti
Urea has grown from 6,064 MT to 35,570 MT exhibiting a 315% growth rate. In the coming
years it has lot more to offer since in the entire country only 37% of the targeted area has
been covered under Guti Urea and still 63% area is yet to be fulfilled.
Although this newly developed fertilizer industry is extremely promising, being a part of it is
comparatively much easier in terms of financial requirements. In order to be the producer of
Urea fertilizer one needs to have Briquette Machine (USG) which is quite affordable. This is
the only fixed asset required for this business and that is why reaching the Break-Even point
takes less time.
Our Product:
Our product is Granular Urea Fertilizer which is colloquially known as Guti Urea. It is an
American technology. This technology was first brought by US-AID in Bangladesh. Urea
Granules is produced from Briquette Machine, this machine was invented in USA. This
machine can produce approximately 4.5 metric tons of Granules per day. It looks like napthalene
and white in color.
There are 3 types of Guti Urea based on size of each granule. They are-
We will produce only USG-3, because rest of the sizes are not valid anymore as they are less effective
than USG-1.
Packaging:
We will use Biodegradable poly bags that will keep our Urea Granules air tight and intact.
Our packaging is going to be simple in style and design ensuring highest quality and
durability.
1. First of all for the same amount of rice production Guti Urea can be applied 30%-40%
less in quantity than that of prilled urea. For example if for a medium sized paddy
land, if 100 kg prilled urea is required to grow certain amount of rice, 60-70 kg of guti
urea will provide the same result..
2. Even after less application of guti urea, 20%-30% more rice can be produced. This
happens because prilled urea needs to be spread around the field which doesn’t fulfill
the nutrition of the paddy plants and hampers the growth of the plants. It results in
less production. But guti urea is sowed 3-4 inches deep inside the field and thus
distributed the nutrition equally to all the plants.
3. Although sowing of guti fertilizer might be tiresome. But for a rice season guti urea
can be applied only 1 time where prilled urea needs to be applied at least 2-3 times
which is more tiresome in the long run.
4. In case of prilled urea several types of weeds are born around the paddy plants which
take out some nutrition level and thus hamper the production. But in case of guti urea
the fertilizers are applied 3-4 inches down the ground and thus weeds can’t grow.
Because of these reasons the farmers are more willing to use Guti urea even though per kg
price of Guti urea is 1 taka more than that of Prilled area. The farmers know that the
additional benefit of guti urea supersedes the extra cost.
Market Growth:
In 2009 Boro Season 6,064 metric tons of Guti urea was produced. The production has
increased to 25,207 metric tons in the following year exhibiting a 315% market growth.
So overall sales of Guti Urea in the increased from 42,448,000 Taka to 176,449,000 taka.
This overall market growth shows this business is extremely profitable since 63% more
market is yet to be captured.
Target Market:
Considering the individual region analysis we can see that among all the six regions
Rangur region is the most profitable one since only 17% market has been tapped so far
with 83% more to go. Again there are only 25 machines in operation by 2010. So we
have planned to launch our business with 10 machines planning to capture overall 30%
market share in the future in proportionate of the possession of machines.
With further research we have come to know that the farmers of Rangpur lack in
knowledge regarding the effectiveness of the guti Urea. Moreover they are reluctant to
switch to this new form of fer tilizer because they are too used of the regular one. So we have
taken an extensive marketing plan which will solve this problem.
The economy of Bangladesh stands upon agriculture. 70% people of the entire population
lives on agriculture. As we have already discussed rice is the staple food of Bangladesh and
that is why the key component of rice production, Urea fertilizer is a very essential element
of this country. So the urea industry is a very crucial industry for this country and
government always keeps an eye on it. But nowadays, with the growing technological,
environmental, economical, political and social changes, this industry is highly effective and
so the entire country. To analyze the industry further, we conducted an environmental
analysis – known as PEST analysis. In this analysis, there is a political, economical, social,
and technological stance that can be analyzed to further understand the industry and its needs
and demands.
Political Environment:
Political environment is very important for any business, because the political philosophies in
a country decide whether the business will grow or not. Any sort of political instability might
result in various obstructions for the business. A slight increase in the price of raw material
can result in substantial cost increase in production and fall in the sales of fertilizers.
Again changing hands in the political power results in changes of policies. Different
government can handle an industry in different manner which affects the business very much.
Economic Environment:
Economic environment is the most crucial determinants of any business of a country. This is
even more critical in the urea fertilizer industry. We know that the demand for urea
fertilizers of this country can’t be fulfilled by the home production. More than 50% of the
demanded urea needs to be imported from various countries. That is why generally the price
of prilled urea per kg is 35 taka. But as this is out of the farmer’s buying capacity,
government provides a substantial amount of subsidies which pulls down the price of urea to
6 taka per kg. This step also works in favor of Guti urea producers since the cost of raw
materials is significantly low due to subsidy.
Social Environment:
Since rice is the main food of this country, so fulfilling the demand of rice has a huge effect
on the general people’s well being. That is why urea industry is also related with people’s
social wellbeing. If Urea fertilizers were not properly served, the farmers couldn’t produce
sufficient rice which in fact had a negative impact on people’s lives.
Technological Environment:
Technological environment has a huge impact on this industry. Due to the technological
advancements more and more agricultural scientists are putting more effort on developing
more effective form of urea fertilizers. Guti Urea is a perfect example of that. But further
invention or development of this fertilizer might obstruct the demand of guti fertilizer which
will cause a negative result for the guti urea producers.
Strength:
b) Strong Distribution Channel: We are using both direct and indirect distribution channel
to distribute our products to the customers. In this way we will be able to provide our
products to the distant part of our target market.
c) Agricultural Advantage: Urea Granules are very much agriculturally effective. Firstly,
farmers need fewer amounts of fertilizers than the traditional urea fertilizer. Secondly, they
do not need to apply fertilizer until the crop ripens after the first use. More over it meets the
hidden hunger of crops.
d) Easy preservation: As these fertilizers are needed in small amount, farmers do not need
to preserve them. It saves their valuable time.
e) Increased productivity: The most important aspect is that our product increases the
production of crops by 20%-30%.
Weakness:
a) Inadequate trained field workers: We don't have enough trained field workers to go to
the farmers personally and promote and teach them about the usage of the pr
b) Startup Company: As we are a new company in this field we don't have enough
experience in this business. So we may face a little bit difficulty in facing adverse situation
Opportunities:
a) Need for high productivity: We are losing the amount of productive land day by
day, but the need for increased amount of food is also growing. So Urea Granules is the
Business Plan for Desh Guti Urea Fertilizer 11
ultimate solution to increase the productivity of the crop.
b) Support from Agriculture Ministry: We have got enough support from Agriculture
Ministry which will help us to carry on and expand our business in the long run
c) Less Competition: There are only three companies who are producing Urea Granules and
they are also small in size. So here is a great opportunity for us to grab the greater portion of
market
a) Electricity crisis: We have an acute shortage of electricity in our country. We fear that it
may hamper our production in the pick seasons.
b) Lack of Consciousness of the Farmers: The farmers of our country are uneducated and
they are superstitious. As a result they don't accept new things quite well and they don't
usually buy new things risking their money.
In rangpur region there are 25 briquette machines in operations right now. Thees machines
are in possession of 15 different individual entities who operate from different upazillas of
Rangpur, Kurigram and Dinajpur districts. In 15 commpetitors produced 2237 metric tons of
guti urea using those 25 machines. So on an average each machine produced 89.48 metric
tons urea per month. That means each machines produced almost 1 metric ton urea per day.
But we know that a briquette machine can create upto 4.5 metric tons of urea per day. It
shows that due to less demand of guti urea in rangpur region, the competitors are not
producing at the utmost level. But most certainly in the future when the demand will rise
they will produce more as they are capable of doing so even if no other entrants enters this
business. So capturing market share will not be so easy due to the increased competition.
Currently the substitute of guti urea is the regular prilled form of urea. Since the farmers are
switching from prilled urea to guti urea so this is not going to cause any severe threat. And in
near future this threat won’t even exist since at one point all the farmers will be using the guti
ureas.
But since R&D operations in the agricultural field has been increased substantially, in the
near future any potential substitue of guti urea might emerge and thus cause severe threat.
But at this current level this is not an issue because even if a new substitute comes up it will
take a substantial amount of time to be implemented in the field level.
As we have already learned that this business is highly profitable and entering to this business
doesn’t require much capital any new entrants can enter the business any time which will
result in increased competition.
Farmers are the main customers of this product. But they don’t have much baragining power
in this industry since this is a generic product and no producers can differentiate their product
and create a different level of demand.
The producer of the prilled urea are the supliers of this business. Majority of the urea
factories are owned by the government. And government deliberately provides subsidies in
the urea fertilizers. So even if they do have the bargaining power they don’t change the price
(At least don’t increase) for the sake of the farmers. Again government is very much
concerned about agriculatural issues since the majority of the economy is build on this sector.
So in this case the producer of the guti urea who works as the middleman in this industry are
in the safe side.
But since the product is generic and the main customers are not literate enough to
comprehend the regular promotional steps, so our promotional strategies are going to be quite
different in nature.
Marketing Mix:
Product:
Our product is Urea Granules. It is an American technology. This technology was first
brought by US-AID in Bangladesh. Urea Granules is produced from Briquette Machine, this
machine was invented in USA. This machine can produce approximately .45 tons of Granules
per hour. This basically urea fertilizer but much better than the prilled urea. The problem with
prilled urea is that most of it is washed away in the irrigation water and rest gets vaporized in
the air. Thats why the Guti Urea has been introduced. This larger than the prilled urea and it
is deeply sown in the ground. As a result most of it is consumed by the plants. Thats why it is
most effective and crops get most benefit from from Guti Urea.
Place:
Since it is not going to be feasible to capture the nationwide market as a startup company, so
we are focusing on a niche market which is the Rangpur division. As we have already
discussed in the market analysis section that Rangpur region is the least covered area under
Guti Urea. Only 17% of the entire 55,239 hectares rice cultivable area has been so far
covered by 2010. So we selected the Rangpur Region as our target market. Primarily we will
be focusing on three districts namely Rangpur, Kurigram and Dinajpur where the rice
Promotional Strategies:
Advertising Guti Urea in magazines, newspapers, TV and radio will not be very much
effective. Because t he majority of the farmers in our country don’t have access to these
medias and they are not educated enough to receive these type of messeges properly. As a
result, conventional promotional strategies will not work in this case. In order to promote our
product, we need to take varieities of promotional approaches. These are discussed below:
1. Motivational Field Visits: This is the most important promotional tools we will
use to increase demand for Guti Urea. As we have mentioned before, there will be 14
regional officers who will be working under Sales Manager. Their jobs will be to
visit the local farmers in different areas and enlighten them about the benefits of using
Guti Urea. They will also motivate them to switch to guti Urea and explain the
additional incentives they are going to get by using it. They will also practically teach
them how to apply it properly.
3. Mass marketing: In almost every village area, during the weekend “HAAT” is
organized where village people buy various commodities. We will take advantage of
this gathering to promote and sell our products to the farmers.
4. Maintaining PR with the Dealers: The fertilizer dealers are the main agents of our
distribution process. So maintaining public relations with the dealers is neccesary
step to achieving higher market share.
Pricing is important for any business organization same as ours. The most important
objective is to attract customers. The economic condition of our most of the farmers is
not well enough. They always prefer lower priced urea fertilizers. The regular prilled
urea costs about 6 taka per kg. But due to increased cost of production the standard
price of Guti Urea is 7 taka per kg. Since this is a generic product the market is
highly price sensitive. So we will set the price 7 taka per kg as well.
Distribution Channel:
Fertilizers are generally distributed by the dealers in specific areas. There are several
dealers in Rangpur district who supplies Urea fertilizers to the farmers. We will contract
with some of them who are the major dealers of fertilizers. They collect Guti Urea from
different producer in Rangpur in small amounts. But they can get huge amount of
fertilizers from us which will be convenient for them. So here we have an advantage of
grabbing the big dealers. Through them our product will be reached at the hands of the
farmers.
Finance Department: Chief Finance Officer is the head of the finance department.
He will be in charge of operating all the finance operations that include preparing
financial statements, making financial forecasting, approving funds etc.
Business Plan for Desh Guti Urea Fertilizer 18
Human Resource Department: The manager of Human Resource and Operations is the
head of HR department. 2 supervisors will work under him who will be incharge of
running and coordinating the day to day operations. 1 Electricial, 1 Mechanic and 1
Security personnel will work under the supervisors.
The CMO, CFO and Manager of HR and operations will report to the Chief Executive
Officer who is in charge of the overall company.
The list of the personnels are given below:
01. CEO-Mohammed Musarrat Abdulla
02. CMO-Firoz Rahman Al Aman
03. CFO-M Shafayet Hassan
04. Sales Mananger-S M Faisal Munim
05. Customer Relations Officer-Richard Aungon Gomes
06. Manager of HR and Operations - Khondker Rahat Hasan
Income Statement:
The pro-forma income statements (Appendix, Page 27) have been calculated for 3 years on
season basis that are each 4 months long and they have been attached to the appendices. In
the income statements, total revenue and cost of goods sold have been calculated as per the
market share the company is willing to capture in each year. Then, the total operating
expenses for each season followed by the interest payments have been calculated. The
interest payments for each season have been derived by constructing the amortization table.
Since in partnership business, there aren’t any corporate tax imposed, taxes throughout the
income statements are 0.Finally the net profit/loss was reached by deducting interest
payments and operating expenses from the gross profit margin.
In the first year, the company wills to capture 10% of the market share. With this initiative
and considering the demand for guti fertilizers is increasing at a rate of 51%, the net income
in each season was calculated and it was seen that at the end of year 1 the company will be
making a loss. This is because the company is incurring in the Aman and Aush season, and
moreover the since the company remains inactive during the Aush season, the loss seems
more practical.
In the second year, we expect the industry to grow at a rate of 54% and the company wishes
to capture 12% of the market. In doing so the net profit was calculated for each season and
the end of year 2, the company is making a net profit of Taka 48444.25.
In the third year, the industry growth is expected to be 60% and the company has plans to
capture 15% of the market. The net income calculated for each season yields a better result
and the company is making a profit of Taka 904290.8.
Balance Sheet:
The pro-forma balance sheets for 3 years have been calculated and are attached to the
appendices (Appendix, Page 26The necessary inputs have been fed in the balance sheets. The
balance sheets are showing promising results as the cash every year is increasing, the
company is effectively paying its loan, and the earnings every year has also increased
tremendously as the growth in the respective Rangpur district is increasing and the company
is making full use of its opportunities to exploit the market.
The FCF of each year every season has been calculated and are been attached to the
appendices (Appendix, Page 29). It has been calculated by adding NOPAT to the
depreciation expense. With revenue increasing every year, EBIT has also increased.
Moreover, the company does pay tax. Eventually, this has a positive impact on the
company’s FCF and the company seems to have more cash in hand every year.
We have considered first three years’ time span for break - even analysis. The formula we
have used for this analysis is:
= 0.36
Break Even in metric tons = Fixed Cost/ Contribution Margin per metric ton
= 950000/ (9616250/3846.5)
Therefore, the company will reach break-even when company has made sales of Taka
2660000 and sold 380 metric tons of guti fertilizers.
Payback period
In order to calculate the discounted payback period, the FCF of each year were discounted.
To keep calculations simple, the discount rate was taken 9% which the company’s borrowing
rate since the company is relying on Taka 1400000 loan and 9% is the only cost of its fund.
The company is expected to recover its cost in 2.57 years.
Sensitivity Analysis:
As the scenario is good for us for initiate a business with profit from the first year as well as
break even in the second year, things may not be that much favorable for us because of
natural calamities, recession, legal and political instability and also for so many reasons.
Things may turn opposite for the business and we may incur loss in any time. Factors like
revenue and costs still plays an important role in the business, so we can cover it up, if natural
calamity or other factors may cause the business to shut down, by selling the fixed assets or
merging with large prilled urea producer.
But our main concern is our market share. As Guti Urea has a huge amount of industry
growth rate (315%) in Bangladesh and at Rangpur region is covered by 17% area under Guti
Urea. So there are huge opportunity is exist in Rangpur region. Initially we will capture 10%
of the market of Rangpur region. So at year 1 we will target to produce 344.5 metric ton Guti
Urea. As maintaining a track with the market growth in Rangpur 56% and 60% for year 1 and
year 2 respectively our market share will be increase also. It will be 12% in year 2 and 15%
in year 3. So our sales as well as cost of goods sold increase also in terms of growth in
Rangpur region and our market share. But things not be favorable always. Suppose our
market share goes down because of new entrants or natural calamities or other for
discrepancies to 8% and market growth become 40%. So our sales and cost of goods sold and
other variable costs will be changed. In the appendix we have calculated sales amount in
metric ton as well as taka at income statement by taking 40% market growth and 8% market
share. In this case the sales amount goes down and ultimately net loss increase in the 1 st year.
As the same way in the 2nd year we take market growth at Rangpur 38% and our market share
Business Plan for Desh Guti Urea Fertilizer 23
8% and in 3rd year market growth at Rangpur 35% and our market share 5%. So the result is
the sales amount is decreasing. So we can say that industry growth in Rangpur and our
market share has huge impact on our income statement.
Industry growth rate and market share also affect the cash flow and balance sheet indirectly.
The factor which is so important is the EBIT or the operating income. When it is high, we
see a higher cash flow to the business. To increase or to ensure the gradual growth of the
operating income, we have to give a closer look into the total revenue and the costs of goods
sold. Industry growth rate and market share also affect the cash flow and balance sheet
indirectly. It affects earnings which is a part of owners’ equity in the balance sheet. So we
can say that industry growth in Rangpur and our market share has huge impact on our income
statement, balance sheet and cash flow statement.
Exit Plan:
There is a 300% industry growth in the Guti Urea industry. Still there is aplenty of space to
grow. Rice is being produced in almost every district of Bangladesh as it is the staple food of
the people. Where there is rice production there is need for Urea fertilizer. Tangail and
Comilla are the 2 districts where the use of Guti Urea is 100%. So it is clear that there are
plenty of spaces for us to grow. The government is also helping in this project. So there is
very low possibility for us to leave the business. But if at any time any kind of situation arise
which bounds us to leave the business, then we have an exit plan. We will merge with a
bigger prilled Urea producing company.
The logic behind merging is if we merge with them and transfer our plant beside their plant,
then transportation cost for both of us will become nil, as the ir final product is our raw
material.
As the promotion of Guti Urea is increasing and as it is more effective and productive than
the prilled urea, gradually the market for prilled urea will shrink. So if we merge with them,
then they will be greatly benefited. So strategically, it will be equally beneficial for both of
us.
Conclusion:
After all this analysis and financial projections we are very much hopefull about our business project.
If this business paln can be utilized properly then we guarantee that this is going to be a very
profitable business.
Website 30000
Total 2726250
Balance Sheet:
Fixed Assets :
Current Assets:
Income Statements:
Year 1
Boro Aman Aush Total
Sales Revenue 2411500 1687000 0 4098500
Less Cost of goods sold 1550250 1084500 0 2634750
Gross Profit 861250 602500 0 1463750
Year 2
Boro Aman Aush Total
Promotional Expense 0 0 0 0
Salaries & Wages 367785 367785 24000 759570
Rent 252000 252000 252000 756000
Utility Bills 56483 56483 0 112966
Depreciation 4583 4583 4583 13749
EBIT 611024 222899 -280583 553340
Taxes 0 0 0 0
Year 3
Boro Aman Aush Total
Promotional Expense 0 0 0 0
Salaries & Wages 367785 367785 24000 759570
Rent 252000 252000 252000 756000
Utility Bills 56483 56483 0 112966
Depreciation 4583 4583 4583 13749
Business Plan for Desh Guti Urea Fertilizer 28
EBIT 1128329.5 546142 -280583 1393889
Taxes 0 0 0 0
Year
1
Title Boro Aman Aush
Revenues 2411500 1687000 0
Operating Income (EBIT) 110399 -78351 0
Less: Cash tax payment 0 0 0
NOPAT 110399 -78351 0
Plus: Depreciation Expense 4583 4583 4583
Less: Investment
In net Working Capital 0 0 0
In new Capital (CAPEX) 0 0 0
Total net investment for the 0 0 0
period
Free Cash Flow 114982 -73768 4583
Year
2
Title Boro Aman Aush
Revenues 4515000 3164000 0
Operating Income (EBIT) 611024 222899 -280583
Less: Cash tax payment 0 0 0
NOPAT 611024 222899 -280583
Plus: Depreciation Expense 4583 4583 4583
Less: Investment
In net Working Capital 0 0 0
In new Capital (CAPEX) 0 0 0
Total net investment for the 0 0 0
period
Free Cash Flow 615607 227482 -276000
Break-Even Analysis:
Items Taka
Sales 26925500
Less variable cost 17309250
Contribution margin 9616250
Year 1
Taxes 0 0 0 0
Appropriations for
Partners
Retained Earnings
Year 2
Taxes 0 0 0 0
Appropriations for
Partners
Retained Earnings
Year 3
Promotional Expense 0 0 0 0
Salaries & Wages 367785 367785 24000 759570
Rent 252000 252000 252000 756000
Utility Bills 56483 56483 0 112966
Depreciation 4583 4583 4583 13749
Taxes 0 0 0 0
Agreement Of Partnership
2. Term
The partnership shall begin on April 1, 2010, and shall continue until terminated.The
partnership has been created under the partnership act of 1932,sec(74,4,5)
3. Partners
4. Capital
The capital of the partnership shall be contributed in cash by the partners as follows:
o A separate capital account shall be maintained for each partner.
o Neither partner shall withdraw any part of their capital account.
o Upon the demand of either partner, the capital accounts of the partners shall be
maintained at all times in the proportions in which the partners share in the
profits and losses of the partnership.
9. Banking
All funds of the partnership shall be deposited in its name in such checking account or
accounts as shall be designated by the partners. All withdrawals therefore are to be
made upon checks signed by either partner.
The initial loan which will be borrowed from bank will be repaid regularly from the
revenue of the company.
11. Books
The partnership books shall be maintained at the principal office of the partnership,
and each partner shall at all times have access thereto. The books shall be kept on a
fiscal year basis, and shall be closed and balanced at the end of each fiscal year. An
audit shall be made as of the closing date.
(a) to pay or provide for the payment of all partnership liabilities and
liquidating expenses and obligations;
(a) If the surviving partner elects to purchase the interest of the decedent in the
partnership, the purchase price shall be equal to the decedent's capital account
as at the date of their death plus the decedent's income account as at the end of
the prior fiscal year, increased by their share of partnership profits or
decreased by their share of partnership losses for the period from the
beginning of the fiscal year in which their death occurred until the end of the
calendar month in which their death occurred, and decreased by withdrawals
charged to their income account during such period. No allowance shall be
made for goodwill, trade name, patents, or other intangible assets, except as
those assets have been reflected on the partnership books immediately prior to
the decedent's death; but the survivor shall nevertheless be entitled to use the
trade name of the partnership.
14. Arbitration
Any controversy or claim arising out of or relating to this Agreement, or the breach
hereof, shall be settled by arbitration in accordance with the rules, then obtaining, of
the American Arbitration Association, and judgment upon the award rendered may be
entered in any court having jurisdiction thereof. In witness whereof the parties have
signed this Agreement.
________________________ ________________________
Signature of Party 1 Signature of Party 2
________________________ ________________________
Signature of Party 3 Signature of Party 4
________________________ ________________________
Signature of Party 5 Signature of Party 6
Education
Strength
Quick Learner
Have good patience
Team worker
Skills
Linguistics – Effective verbal & written communicational and interpersonal ability in English.
Can proficiently use MS Word, PowerPoint, Internet Browsing, E-mail correspondence, etc.
Personal Information:
CERTIFICATION
"I certify that all information stated in this résumé is true and complete to the best of my knowledge.
Authority deserves full right to verify the information provided in this résumé."
Tel: 01196102811
E-mail: firoz.rahman.kaushik@gmail.com
Personal Information:
Nationality: Bangladeshi
Objective:
To pursue a career which will reflect my creativity and aptitude and where I can properly implement
my motivational and negotiation skill in a broader extent. Also devoting my inner strengths for the
betterment of the company and working hard to achieve goals is my first priority.
Academic Background:
SSC
GPA : 5.00
HSC
GPA : 4.8
BBA
Work Experience:
2005-2007 Uniliver
Marketing Officer
Brand Supervisor
Lux
Skills:
Extra-curricular activities:
1. Involved with music. I play drums in a rock band. I also occasionally play drums for the
band YAATRI.
2. Have a good knowledge about film making theories, Film editing process and screenplay
writings.
3. I took part in a debate competition in school.
Language Competency
Computer Literacy:
Familiar with MS word, MS Power Point, Adobe Photoshop, Adobe Premiere, Adobe After Effect,
Sony Vegas and Internet Operating Procedure.
Interest:
References:
Muslima Begum
Md. Mostafizur Rahman
Assistant Secretary
Business Plan for Desh Guti Urea Fertilizer 43
Brunei Darussalam High Commission
Director Personnel,
Block # E, Plot # 12 E
Curriculum Vitae
Dhaka-1207
Contact No : 01678136798
Mymensingh
Age : 20years.
Education :
Other Qualifications
Worked on event management with North South University Computer Club and Nsu
Wireless Forum
References
Associate Professor,MBA
Assistant Professor
Cell No : 01671-438697
OBJECTIVE
To get knowledge and experience by using my skills meeting the
organization’s goal.
EDUCATION
RESEARCH PROJECTS
North South University Students’ overall satisfaction about North South University (March
2010)
Virtualization and its effects (July 2008)
_______________________________________________________________________________________
RELEVANT COURSEWORKS
Corporate Finance
Insurance and Risk Management
Investment Theory
Econometrics
Micro and Macro Economics
Money, Banking and Financial Market
HIGHLIGHTS OF QUALIFICATIONS
Computer Skills:
AREA OF INTEREST
REFERENCES
Will gladly furnish upon request.
Resume
Dhaka, Bangladesh
8624867 (Res.)
E-mail: shafayet88@yahoo.com
Objective
To develop and assess my entrepreneurial skills, confidence level, communication skills, and
knowledge base and to gather experience that will help me a lot to take better decision to
handle any situation.
Experience
Five years experience working as Finance manager at Unilever from year 2004 to 2009.
Personal Information
Religion : Islam
Nationality : Bangladeshi
Proficiency
Playing, Reading novels (sometimes), Listening songs and hanging out with friends.
9552664 (Res.)
Objective
Well educated with sharp communication and official skills looking forward to give the best
effort and gather real life working experience.
Education
Personal Information
Present Address: 8/1 Sylcon Villa, Topkhana Road, Shegun Bagicha, Dhaka-1000
Nationality: Bangladeshi
Proficiency
Language Proficiency: Proficient in both English and Bengali verbally and written.
Very good team playing ability with natural leadership skills and can work under difficult
situation and pressure. Have organizing skills and can convince people effectively.
Work Experience
Interested in music and can play some guitar. Reading books, playing cricket, swimming,
hanging out with friends are favorite pastimes.