I Tech Solutions
Company Summary
I Tech Solutions was founded in November 2000 as a private limited company. For most of its initial existence, the company intends to establish close relationships with its various clients, with the intention of expanding in the near future.
2.1 Company Ownership
I Tech Solutions is a company incorporated at the Registrar of Companies by Mr. T, Mr. S, and Mr. P. Though relatively new, the directors realize their company’s vast potential market and opportunity for growth if given the necessary funding.
2.2 Start-up Summary
Total start-up capital and expenses covered include legal costs, business cards, stationery, and related expenses. Messrs. T., S., and P. have provided investment covering much of the starting assets, with the rest of required financing coming from a 5-year commercial loan obtained from Bank Z. The start-up table below itemizes the start-up expenses.
Note: All currency values in the charts and tables are expressed in the Botswana Pula (P).
| Start-up Funding | |
| Start-up Expenses to Fund | P207,749 |
| Start-up Assets to Fund | P492,251 |
| Total Funding Required | P700,000 |
| Assets | |
| Non-cash Assets from Start-up | P0 |
| Cash Requirements from Start-up | P492,251 |
| Additional Cash Raised | P0 |
| Cash Balance on Starting Date | P492,251 |
| Total Assets | P492,251 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | P0 |
| Long-term Liabilities | P600,000 |
| Accounts Payable (Outstanding Bills) | P0 |
| Other Current Liabilities (interest-free) | P0 |
| Total Liabilities | P600,000 |
| Capital | |
| Planned Investment | |
| Investor 1 | P40,000 |
| Investor 2 | P30,000 |
| Investor 3 | P30,000 |
| Additional Investment Requirement | P0 |
| Total Planned Investment | P100,000 |
| Loss at Start-up (Start-up Expenses) | (P207,749) |
| Total Capital | (P107,749) |
| Total Capital and Liabilities | P492,251 |
| Total Funding | P700,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | P1,400 |
| Stationery etc. | P2,000 |
| Brochures | P5,000 |
| Consultants | P4,500 |
| Staff Engagement | P4,000 |
| Office Locatioin | P2,600 |
| Staff Training | P5,000 |
| Expensed equipment | P171,349 |
| Other | P11,900 |
| Total Start-up Expenses | P207,749 |
| Start-up Assets | |
| Cash Required | P492,251 |
| Start-up Inventory | P0 |
| Other Current Assets | P0 |
| Long-term Assets | P0 |
| Total Assets | P492,251 |
| Total Requirements | P700,000 |
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