Osias College Incorporated

F. Tañedo St. cor. Mc Arthur Highway, San Nicolas, Tarlac City

Bachelor of Business Administration
Major in Financial Management

Investment and Portfolio

HARSEE
“Fashion wear”

Prepared by:
Harpy Jane V. Manalac
Kaysee T. Fider

Prepared for:
Prof..Fabian Seguira
Table of Contents:
I. Introduction of Complimentary Business (Title of the Business/ Business Name)
II. Initial Organizational Cost
III. Initial Operating Cost
IV. Business Procedure
V. Operations/ Technical Aspect
VI. Marketing Aspect
VII. Financing and Financial Aspect
 I-INTRODUCTION

Concept:
We want to set up a small tailor shop which will be produced a good quality and budget
friendly service, aside from that we are also willing to promote a renting shop, so that the
customers that can’t afford to buy a new clothing (i.e. barong, ball gown, costumes) that can be
used occasionally will become accessible, easy to find, budget friendly but quality product.
Additional to that,

COMPLIMENTARY BUSINESS
Business Name:
“Harsee Fashion wear” came from combined first name of the owners

Type of Business:
Sole Proprietorship

Name of Owners:
Harpy Jane V. Manalac
Kaysee T. Fider
 II-ORGANIZATIONAL COST

Formal registration has substantial benefits for businesses and for the economy as a whole.
Registered companies can benefit from legal and financial services provided by courts and
commercial banks, services not available to unregistered businesses. Their employees benefit
from social security protections. And the economy benefits from positive spill overs: where
formal entrepreneurship is higher, job creation and economic growth also tend to be higher.1
Moreover, as more businesses formalize, the tax base expands, enabling the government to
spend on productivity-enhancing areas and pursue other social and economic policy objectives.
The following are the steps in registering the business in Philippines:

1. Department of Trade & Industry (DTI)

DTI is the executive department of the Philippine Government tasked as the main
economic catalyst that enables innovative, competitive, job generating, inclusive
business, and empowers consumers

Business Name Registration Certificate

Provincial Office or log on to www.bnrs.dti.gov.ph.
Validity: 5 years

Requirements:

 Accomplished Business
Name Registration Form
 List of five business names ranked according to preference
 Registration fee of P 300.00
 Business Name Registration Fee P 1,000

2. Bureau of Internal Revenue (BIR) Registration

BIR is an agency for the proper assessment and collection of taxes and other charges
necessary to support the government and to defray such expenses.

Certification
 DTI Certification (Single Proprietor)
 Articles of Partnership SEC (Partnership)
 Registration fee P 500.00
 Certification Fee P 100.00
 Documentary Stamp P 30.00
 Contract of Lease or Land Title
 Contract of Lease – if you rent the place
 Land Title / Tax Declaration – if you own the place

3. Social Security System (SSS) Registration

SSS is an agency that provides benefits to its members and their families such as disability
benefits, Medicare, and other forms of securities in case of contingencies.

 Employer Registration Form (R-1)

 Employment Report Form (R-1A

4. Phil Health Registration

PHIC is a tax exempt, government owned, and controlled corporation of the Philippines

and attached to the Department of Health.

 Employer Data Record (ER1)

 Report of employee-members (ER2)
 SEC Registration, Articles of Incorporation and By-laws
 Contribution P 275.00
5. Pag-IBIG Registration

Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan: Ikaw,

Bangko, Industria at Gobyerno. In effect, Pag-IBIG harnesses these four sectors of our
society to provide its members with adequate housing through as effective savings
scheme.
For Self-Paying

 Valid ID
 2x2 Picture
 Registration Fee P 100.00

6. Mayors or Business Permit

 Location Map
 Barangay Clearance
 Lease Contract
 Occupancy Permit (Building/Unit)
  Business Permit application form
 Mayor’s Permit Fee P 5,000

TOTAL INITIAL ORGANIZATIONAL COST P 7,305.00

 IV-OPERATING COST

Salary expense P 10,000

Rent expense P 10,000
Utilities P 5, 000
Supplies P 15,000
Machines and Equipment P 35,000
Others P 5,000

TOTAL INITIAL OPERATING COST P 80,000

IV-OPERATIONS/ TECHNICAL ASPECT

Business logo

Floor Plan

Business location
Tailor shop

Down payment/
Customer order Sewer Finished Product
Full payment

Full payment (if

For pick up/
down payment Excess/Retaso Sewer
delivery
and for delivery)

Doormat/ Pot
For sale Extra Income
Holder

Rental shop

Full payment
Customer order Item/product
Valid ID

Claiming of ID and
deposit, item
Pick up/Delivery
return(additional fee
if item is damaged)
 EQUIPMENTS AND MATERIALS

The following are some of the major equipment and materials needed in tailor and rental shop to
operate:

 Sewing machine
 Mannequin
 Flat iron
 Chairs and table
 Fabric cloth
 Scissors
 Needle
 V-MARKETING ASPECT

We get to live in a time that we get to use social media as a tool, it’s not just a face on a piece of
paper, and that’s what makes someone’s favourite model. We can have a very similar sense of
humour as someone and that’s why our business tend to create a very trendy products that suits
most of the consumers, consumers are the heart of the business listening to them your product
would be either.
Market Research

What designs
people wants

Analyzing

Creat design What design

catalog are available

Marketing Strategy
 Focusing on the positive sides of online and walking ordering
 Sending agent for taking measurement
 Committed after sales service
 Offering new designs
 VI-FINANCING AND FINANCIAL ASPECT

Harsee Fashion Wear

Projected Financial Statement

For the Year ended December 2019

Asset

Current Asset

Cash 960,000.00

Accounts receivable 540,000.00

Supplies 180,000.00

Total Current Asset 1,680,000.00

Property and Equipment

Land 120,000.00

Equipment 300,000.00

Total Assets 2,100,000.00

Liabilities And Owners Equity

Current Liabilities

SSS and Medicare Payable 87,660.00

Salary Expense 120,000.00

Total Current Asset 207,660.00

Owners’ Equity

Harsee Capital 1,892,340.00

Total Liability And Owner's
Equity 2,100,000.00
 Harsee Fashion wear
Projected Income Statement
For the month of December 2019

Sales 2,160,000
Less Cost of Sales 1,080,000
Gross Income 1,080,000
Less Operating Expenses
Selling Expenses 120,000

General and Administrative Expenses

Utilities Expenses 60,000
Office Supplies 10,000
Office Furniture 35,000
Taxes and Licences 7,305
Miscellaneous 60,000 292,305

Net Income 787,695

 VII- SOCIO ENVIRONMENT

Can a tailor shop help our environment? By tapping the remaining pieces of cloth to make it a
rug for consumers to use in everyday life, rugs are a very good example, thereby reducing
clutter or waste that can be harmful to our nature is a work that a business can contribute to our
environment. By leasing rental of clothing decreases the production of new clothing that may
lead to the waste of our future. Another things that our business can contribute; is to dispose
waste in the designated garbage collection area of the community to have a clean environment,
to turn off machines that is not being used to save electricity this activity will not just help the
environment but also help the business to lessen the utility expenses.