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Business established

Basanda Company Limited

Contractor in Ghana: Building, construction, real estate development, hydro and civil engineering

Basanda Company is a private company for construction, civil and water projects. At the moment we are looking for business opportunities and financial support for expansion. Ghana is a political stable country in Africa, according to the World Bank: go.worldbank.org/QAKWTY7640

Please contact us for more information.
www.basandacompany.com

Facts

Legal status business

Formally registered

Year of establishment

2003

Sales (US$)
Two years ago:
Last year:
This year (forecast): 559,092
Year 2 (forecast): 605,682
Year 3 (forecast): 656,156
Net profit after tax (US$)
Two years ago:
Last year:
This year (forecast):
Year 2 (forecast):
Year 3 (forecast):
Total number of Employees
Two years ago: 2
Last year: 3
This year (forecast): 4
Year 2 (forecast): 4
Year 3 (forecast): 5

Finance needed

Finance needed for fixed assets (buying of machines, buildings, ...) 100,000
Finance needed for working capital (salaries, stock, rental, leasing, transport, ...) 212,871
Total finance needed (US$) 312,871

How do you expect this to be financed?

Own Contribution in cash 12,871
Loans (debt) 270,000
Shares in your company that you offer to investors (equity) 30,000
Other sources
Total finance needed (US$) 312,871

The Business

What is your product/service?

Basanda is a contractor for projects in construction, hydro and civil engineering. We work on project base. Either on set projectdefinitions or by our own design.

In the pictures you can see the works in progress.

What customer need/problem do your products/services satisfy?

The need for housing, company estate and infrastructure.

How will you make the product/service?

Basanda hires the services of an engineer, specialised in hydro projects. He knows how to apply local building materials in a durable way. Basanda only works with local personnel.

Explain how you will sell your product/service (marketing strategy) and how you will reach your customers (distribution strategy)?

Our focus in marketing is the private sector, to find partners in business to spread the company risk. Through our website registered in Ghana Yellow Pages, EverythinginGhana and other Ghanaian business sites, our clients can find us. We visit international building events to establish more contacts.

To whom are you selling, what is your market?

At the moment we are working on projects acquired from the Ghanaian government and municipalities. We are actively purchasing work as subcontractor in projects of private companies.

Describe your competitors?

We are still assembling data by a marketresearch. It's known to us there are several international companies taking on large projects in Ghana.
There are only a few local large contractors in Ghana. There are more small ones. They work according to the Ghanian business culture and a lot of them don't have their own website.

What makes your business different/better than your competitors (competitive advantage)?

A resultoriented profitable approach makes the difference. Also the range of products Basanda can deliver is diverse. Our advantage to competitors is our international and professional approach.

What makes your business, your product or service innovative?

We combine African techniques with European knowledge. Also we take the best of both business cultures.

How will you ensure the growth of your business?

The growth of Basanda Company is already stable as one can track in the financial results. This has been achieved with private equity.

By finding international partners in business and acquiring funds however, Basanda expects to expand more quickly. Currently there are more business opportunities, then Basanda can take on because of the element of pre-investment. The aim is to become one of the larger contractors in Ghana.

Development

How does your business improve the local living standards (social and environmental)?

Employment: we work with local personnel. They work on projectbase, but when Basanda expands, we'll establish a chore of permanent contracts, besides projectcontracts.

Improvement of health: with the clinic and the sewerage we contributed to the improvement of health. Also the bridge helps hygiene, so waterborn diseases have less chance to spread.

Facilities: the projects done by Basanda improve the facilities for daily life of Ghanaians.