General Assumptions

1. IML Co. will commence its operations on February 2014. 2. The IML Co. has an initial capital of Php 15,000,000.00 3. The business partners are capable to finance the project proposal. 4. The warehouse located in Pasig City will be the plant location of IML for the first five years of operation. 5. Households that are situated in NCR, Antipolo, Tanay, Marilao, Obando, Antipolo City, Bacoor, Imus, and Cavite City are IML s target market for five years. ETC will expand its market after this period. 6. The % of the overall metal polish manufactured is in liquid form. (The percentage is based on the result of the survey conducted, 64% of consumers purchase liquid metal polish). 7. The number of IMLs employees and workers will be the same for the first five years of operation. 8. Working schedule is fixed for the first five years of IMLs operation. 9. ETC assumes 5% increase in monthly salary annually. 10. Production Capacity increases 5% annually. 11. Materials cost increases 5% annually. 12. Transportation cost increases 5% annually. 13. Office and Production supplies; and uniform expense increases 3% annually. 14. Repair and Maintenance Supplies will increase 3 % annually. 15. Utilities comprise the electricity, fuel consumption, and water expense. The cost increases 5% annually. 16. Salaries and wages increase 5% annually. 17. Selling price of the product increases by the increase in the costing of the direct materials. 18. Income tax is 32%. 19. The safety stock is 10% of the units produced every year. 20. Previous year safety stocks will be added to the sales for the next year.