First week of the month, John was busy verifying the weekly cash flow budget, checking through the salaries and wages requests from the Factories situated scattered all over other states. There was also the head office monthly salaries requests for the staffs, executives, managers, the directors and him, the financial controller. This was the week, the funds was only reserve for payments of salaries and wages. Should there be any excess; expenses were the second consideration and thirdly the payments for creditors. This week it was a week of short of fund for salaries and wages.
There were documents of bank statements, paychecks requests, cash flow budgets, LCs (Letter of credit) and others all over his table. There were updated bank transactions on the screen of his table computer. The table phone rang, John picked up “Yes Bob, where was the fund of the LC, it was a 60 days LC and it was due two weeks ago, they must have TT (Telex Transfer) to us last week” Bob, he was one of the branch Bank Manager on the central region. “Sorry John, it is a real silly mistake on our side, the fund was in our head quarters Bank last week, but your company does not have an account with them and by right they should have re-direct the fund to my branch” John asked “So they simply return the fund back to our customer?” Bob “Don’t worry, John, the fund will be in my branch and credit to your company within two working days” John “Sorry for interrupting, what was going on Bob” Bob “The officer in charge, she was just sit duck on it and no action done until I brought out the issue” John “What was the excuse she relied on?” Bob “she said that it was no account with them, so it must be a mistake of telexing”
It was first day of the second week; John was busy preparing a number of schedules, he work through with his table top computer which was link to his company servers and they were linking all other establishments’ computers under the same group. The schedules of his factories visits and inspections for the second and forth weeks he was entrusted by the board of directors. The adjusted consolidated three months budgets, adjusted consolidated three months and weekly cash flow budgets and others, it was done on the first or second days of second week. The third week was his days of verification of actual performance against all budgets. The discrepancy of the verifications, John would input all data together with other suspicious information from other sources into his laptop and carried over either to the factories on sites for meetings or hold meeting at the head office on the forth week.
John was so obsessed by the preparation in his office until he was wanted to meet Sam the director. It was Sam’s office and Sam enquired “John, what are your factories visits schedules for this week?” John “I shall visits one factory in the central region and three in the southern states” Sam “Are there specific agenda or routine visits” John “Mostly routine except one of the factory in the southern states, I believe, it is an errors of reporting out from capturing wrong data” Sam “Ok, I need you to go over to east coast area and spend some time on the brickyards, somehow or rather I am not particular comfortable regarding the new manager” John “he is one of your remote relative?” Sam “I have words about him and please John, he is not on my side, he is on my wife side!” John smiled “Ok. Sam I will look into it and include my factories visits for this week”
It was 5.25 Pm; John had completed his day’s job. He walked out from his room and on the way to toilet. He by passed the general office, by passed most of the managers’ rooms, they were only two managers around and one secretary. He went back to his room, off his table top computer, packed his document on his table and told himself with voices in his brain “another day is gone, another day of getting older and another day of getting the same salary of yesterday! Bye for today’s jobs”
It was 6.00 Pm; John was sitting on a sofa overlooking a cutting table and Shirley was doing the cutting. Shirley, John’s wife, she partner with her friend and opened a boutique shop. Shirley was doing the designing and cutting, her friend, Cat, she was responsible for the sewing. The business was not very good and both of them managed to earn enough for their normal salaries should they be working elsewhere. Whenever John was in town, he would go over to the boutique shop after office hours. Having dinner together with Shirley and back home after the shop was closed at 10.00 Pm.
After dinner, two regular customers walked in and the third one follow, it was Cat’s husband. Shirley busied entertain the customers and Cat needed to do the sewing that the customer wanted to take delivery next day. John started to chat with Cat’s husband. He started the subject “John, why don’t we set up another company to do the uniforms business”
John asked “How are we going to do that?” Cat’s husband answered “We will go to big factory and get their uniform contract” John “there will be hundreds of pants and shirts, who is going to cut and sew?” Cat’s husband “that’s what we want; we can sub it for other to cut and then sub it for another for sewing” John “who is going to do the materials and accessories purchasing?” Cat’s husband “Shirley can do it, she knows suppliers well” John “Who and by what means to do the transporting to cutters and sewers, delivery to customers and taking materials from suppliers?” Cat’s husband said and asked “You can do it, can you? And we can buy an old van; it is cheaper” John “Have you work out? Buying an old van, buying materials and accessories and giving credits to customer for 60 to 90 days plus fund for working capital. Each of us needs to take out as initial capital?” Cat’s husband “-----------”
Cat’s husband was quiet down and John was attending to his cell phone, he was discussing with his secretary the things he needed for the factories visits, booking hotels, air tickets, and notification of meeting, who, place and time of meeting and others. Ending the cell phone discussion, Cat and her husband were gone; Shirley was still tending her customers. John was free, his brain was active and voices pop up again second time in a day. It was rarely but it happened “Business mooted but abortive before it was conceived together with the old van before it was young!”
Next Topic: The Old Van – The Manager
There were documents of bank statements, paychecks requests, cash flow budgets, LCs (Letter of credit) and others all over his table. There were updated bank transactions on the screen of his table computer. The table phone rang, John picked up “Yes Bob, where was the fund of the LC, it was a 60 days LC and it was due two weeks ago, they must have TT (Telex Transfer) to us last week” Bob, he was one of the branch Bank Manager on the central region. “Sorry John, it is a real silly mistake on our side, the fund was in our head quarters Bank last week, but your company does not have an account with them and by right they should have re-direct the fund to my branch” John asked “So they simply return the fund back to our customer?” Bob “Don’t worry, John, the fund will be in my branch and credit to your company within two working days” John “Sorry for interrupting, what was going on Bob” Bob “The officer in charge, she was just sit duck on it and no action done until I brought out the issue” John “What was the excuse she relied on?” Bob “she said that it was no account with them, so it must be a mistake of telexing”
It was first day of the second week; John was busy preparing a number of schedules, he work through with his table top computer which was link to his company servers and they were linking all other establishments’ computers under the same group. The schedules of his factories visits and inspections for the second and forth weeks he was entrusted by the board of directors. The adjusted consolidated three months budgets, adjusted consolidated three months and weekly cash flow budgets and others, it was done on the first or second days of second week. The third week was his days of verification of actual performance against all budgets. The discrepancy of the verifications, John would input all data together with other suspicious information from other sources into his laptop and carried over either to the factories on sites for meetings or hold meeting at the head office on the forth week.
John was so obsessed by the preparation in his office until he was wanted to meet Sam the director. It was Sam’s office and Sam enquired “John, what are your factories visits schedules for this week?” John “I shall visits one factory in the central region and three in the southern states” Sam “Are there specific agenda or routine visits” John “Mostly routine except one of the factory in the southern states, I believe, it is an errors of reporting out from capturing wrong data” Sam “Ok, I need you to go over to east coast area and spend some time on the brickyards, somehow or rather I am not particular comfortable regarding the new manager” John “he is one of your remote relative?” Sam “I have words about him and please John, he is not on my side, he is on my wife side!” John smiled “Ok. Sam I will look into it and include my factories visits for this week”
It was 5.25 Pm; John had completed his day’s job. He walked out from his room and on the way to toilet. He by passed the general office, by passed most of the managers’ rooms, they were only two managers around and one secretary. He went back to his room, off his table top computer, packed his document on his table and told himself with voices in his brain “another day is gone, another day of getting older and another day of getting the same salary of yesterday! Bye for today’s jobs”
It was 6.00 Pm; John was sitting on a sofa overlooking a cutting table and Shirley was doing the cutting. Shirley, John’s wife, she partner with her friend and opened a boutique shop. Shirley was doing the designing and cutting, her friend, Cat, she was responsible for the sewing. The business was not very good and both of them managed to earn enough for their normal salaries should they be working elsewhere. Whenever John was in town, he would go over to the boutique shop after office hours. Having dinner together with Shirley and back home after the shop was closed at 10.00 Pm.
After dinner, two regular customers walked in and the third one follow, it was Cat’s husband. Shirley busied entertain the customers and Cat needed to do the sewing that the customer wanted to take delivery next day. John started to chat with Cat’s husband. He started the subject “John, why don’t we set up another company to do the uniforms business”
John asked “How are we going to do that?” Cat’s husband answered “We will go to big factory and get their uniform contract” John “there will be hundreds of pants and shirts, who is going to cut and sew?” Cat’s husband “that’s what we want; we can sub it for other to cut and then sub it for another for sewing” John “who is going to do the materials and accessories purchasing?” Cat’s husband “Shirley can do it, she knows suppliers well” John “Who and by what means to do the transporting to cutters and sewers, delivery to customers and taking materials from suppliers?” Cat’s husband said and asked “You can do it, can you? And we can buy an old van; it is cheaper” John “Have you work out? Buying an old van, buying materials and accessories and giving credits to customer for 60 to 90 days plus fund for working capital. Each of us needs to take out as initial capital?” Cat’s husband “-----------”
Cat’s husband was quiet down and John was attending to his cell phone, he was discussing with his secretary the things he needed for the factories visits, booking hotels, air tickets, and notification of meeting, who, place and time of meeting and others. Ending the cell phone discussion, Cat and her husband were gone; Shirley was still tending her customers. John was free, his brain was active and voices pop up again second time in a day. It was rarely but it happened “Business mooted but abortive before it was conceived together with the old van before it was young!”
Next Topic: The Old Van – The Manager
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