Palm oil Plantation
Big Nganjo Palm oil Production
The palm oil -
This is our local way we are using to extract the oil from the nuts, after they are bioled.we have three of those press vice each contain one drum of cooked nut. After this process the oil is put in hundred litters for sales.
NGANGJO AND SONS OIL PLANTATION ltd
P.O BOX 16 MBONGE…
BIG NGANJO
MBONGE SUB DIVISION
SOUTH WEST PROVINCE
CAMEROON
The aforementioned Corporation was founded in the year 1990 with an initial capital of 10,000,000FCFA. It comprise of twenty members. It is a common initiative group headed by Mr Henry Bekumba, who provided the large land where palms planted.Palm oil is an enssential raw material that is contained in many foods. This corporation was created with the following objective put forward;
-Production of palm oil
-Production of palm kennel
-Manufacturing of soap (magic soap)
-Nursing of palm tree
-Giving lectures to small holder scale in palm tree on how to grow and maintaining of palm tree. Also teach the local wemen and youth on how they can produce soap from palm kennel, so as to eradicate poverty and hunger.
Below is the organizational structure of the corporation;
As shown above, the Board of Directors (BODs) are the supreme authorities. They provides the capital, create a business policy in the corporation. Next to the BODs is the General Manager who is in charge of linking problems faced by departmental managers to the BODs. Followed by the Departmental Managers who actually execute commands from the general manager to the junior staffs.SO far there are five departments as far as the corporation is concern with different functions.
Marketing department is responsible of marketing the corporation’s product. The Accounting department is in charge of all financial records both expenses and revenue.
Operation supervisory committee is concern with the supervisory of all works done. Labour Department is the department that actually put in man power to make sure the company is alive.
As of now the corporation is running a capital of 25 000 000FCFA. Below is a depiction on the cost and revenue of the corporation per month
Revenue per month
Sales of palm oil = 2 800 000fcfa
Sales of palm kennel = 1 150 000fcfa
Sales of Magic Soap = 800 000fcfa
Sales of palm tree = 1 000 000fcfa
Sales of Lectures = 250 000fcfa
+
Total Revenue = 6 000 000fcfa
Cost per month
Cost for producing palm oil = 500 000fcfa
Cost for producing palm kennel = 200 000fcfa
Cost for producing Magic Soap = 100 000fcfa
Cost for producing Palm Tree = 200 000fcfa
Cost for producing Lectures = 50 000fcfa
+
Total Revenue = 1 050 000fcfa
Other cost (cfa)
Land Rent 200 000
Fuel 30 000
Salaries 1 000 000
Taxes 50 000
Total + 1 280 000
Grand Total Cost
Cost per month = 1 050 000
Other cost + = 1 280 000
2 330 000
Net profit per month
Total revenue = 6 000 000
Total cost - = 2 330 000
Net profit = 3 670 000
Looking at the net profit it is not encouraging the company with the capital. In this case something has to be done through marketing the corporation’s product so as to increase the demand. As such a marketing plan has to be drawn for the safety of the corporation’s future.
Marketing plan . (Forecasting)
-Traveling to Douala for the sake of creating business relationship with other companies that use our product as their raw material; cost 2 000 000fcfa
-increasing on our quantity product; cost 8 000 000fcfa
-Diversifying our product (supplement); cost 5 000 000fcaf
-Employing skill persons; cost 1 000 000fcfa
Total budget for marketing
2 000 000
8 000 000
5 000 000
1 000 000
16 000 000fcfa
Our marketing Target is as follows;
-To capture 10 forien companies in Douala
-To increase our product’s quantity to 50%
-Introducing five new product
The Amount we need to improve on our corporation product is 16 000 000fcfa which is more than what we realize as profit per month. Our corporation is very helpful to our society because it create employment to our citizen, produce goods that we use and which brings income to our country. For the moment we spending much on human labor due to lack of machines. We are very sure that if we have this amount, then we are going to stay put in business successfully.
Thank You
Bekumba Peter Sakwe
Board of Directors (BODs)
c/o Fontys University of professional Education
|Department of electrical/Electronics Engineering
Eindhoven -Netherlands
