HIYAS PARTNERSHIP

Projected Statement of Financial Position

For Years Ended 2014 - 2016

Note 2014 2015

ASSETS
Current Assets
Cash and Cash Equivalent 930,516.18 1,375,108.89
Trade and other receivables - -
Inventory 1 73,315.53 301,990.17
Prepayments 60,000.00 60,000.00
Total Current assets 1,063,831.71 1,737,099.06
Noncurrent Assets
Factory Furnitures and fixtures - net 2 11,217.38 9,971.00
Factory Equipment-net 3 43,875.00 39,000.00
Office Furniture and Fixtures - net 4 10,481.25 9,316.67
Delivery Equipment- net 5 143,000.00 128,222.22
Office Equipment - net 6 67,567.50 60,060.00
Total Noncurrent assets 276,141.13 246,569.89
Total Assets 1,339,972.84 1,983,668.95

LIABILITIES AND PARTNERS' EQUITY

Liabilities
Trade and other payables 7 39,972.84 595,947.09
Total liabilities 39,972.84 595,947.09
Partners' Equity
Ayson Capital 325,000.00 346,930.46
Barte Capital 325,000.00 346,930.46
Cabauatan Capital 325,000.00 346,930.46
Chiyawan Capital 325,000.00 346,930.46
Total Partners' Equity 1,300,000.00 1,387,721.86
Total liabilities and Equity 1,339,972.84 1,983,668.95

NOTE 1: INVENTORY 2014 2015

Raw Materials, ending -

Finished Goods, ending 73,315.53 301,990.17
Total inventory 73,315.53 301,990.17

NOTE 2: FACTORY FURNITURES AND FIXTURES 2014 2015

Total cost 11,505.00 11,217.38
Accumulated Depreciation 287.63 1,246.38
Book Value 11,217.38 9,971.00

NOTE 3: FACTORY EQUIPMENT 2014 2015

Total Cost 45,000.00 43,875.00
Accumulated Depreciation 1,125.00 4,875.00
Book Value 43,875.00 39,000.00

NOTE 4: OFFICE FURNITURE AND FIXTURES 2014 2015

Total Cost 10,750.00 10,481.25
Accumulated Depreciation 268.75 1,164.58
Book Value 10,481.25 9,316.67

NOTE 5: DELIVERY EQUIPMENT 2014 2015

Delivery Van 150,000.00 143,000.00

Accumulated Depreciation 7,000.00 14,777.78
Carrying Value 143,000.00 128,222.22

NOTE 6: OFFICE EQUIPMENT 2014 2015

Total cost 69,300.00 67,567.50
Accumulated Depreciation 1,732.50 7,507.50
Carrying Value 67,567.50 60,060.00

NOTE 7: TRADE AND OTHER PAYABLES 2014 2015

Income Tax Payable 7,134.66 201,888.99
Withholding Tax 12,371.48 148,457.70
SSS Contributions - employee 5,631.30 67,575.60
SSS Contributions - employer 8,210.90 98,530.80
Philhealth Contributions - employee 2,212.50 26,550.00
Philhealth Contributions - employer 2,212.00 26,544.00
PagIbig Contrinutions - employee 1,100.00 13,200.00
PagIbig Contrinutions - employer 1,100.00 13,200.00
Total Trade and other Payables 39,972.84 595,947.09

HIYAS PARTNERSHIP
Projected Statement of Cash Flow
For Years Ended 2014 - 2016

2014 2015
Cash Balance, beginning - 766,738.72
From Operating Activities
Net income 16,647.54 471,074.32
Depreciation 10,413.88 19,157.36
Total 27,061.42 490,231.68
Decrease (increase) in trade & other receivables - -
Decrease (increase) in inventory (73,315.53) (228,674.64)
Decrease (increase) in prepayments (60,000.00) -
Increase (decrease) in trade and other payables 39,972.84 595,947.09
Net cash provided (used) in Operating Activities (66,281.28) 857,504.13
From Investing Activities
Office equipment purchased (34,650.00) -
Office furniture& fixtures purchased (10,750.00) -
Factory equipment purchased (45,000.00) -
Factory furniture& fixtures purchased (11,505.00) -
Cleaning and safety materials purchased (15,075.00) -
Delivery van purchased (150,000.00) -
Net cash provided (used) in Investing Activities (266,980.00) -
FINANCING ACTIVITIES
Contributed cash 1,300,000.00 -
Withdrawal (200,000.00) (200,000.00)
Net cash provided (used) in Investing Activities 1,100,000.00 (200,000.00)
Cash Balance, ending 766,738.72 1,424,242.85

HIYAS PARTNERSHIP
Projected Statement of Changes in Partner's Capital
For Years Ended 2014 - 2016

AYSON CAPITAL BARTE CAPITAL

Initial Investment 325,000.00 325,000.00
Net Income distribution, 4,161.89 4,161.89
Withdrawal (50,000.00) (50,000.00)
Ending Capital, 2014 279,161.89 279,161.89

Beginning Capital 279,161.89 279,161.89

Net Income distribution, 117,768.58 117,768.58
Withdrawal (50,000.00) (50,000.00)
Ending Capital, 2015 346,930.46 346,930.46

Beginning Capital 346,930.46 346,930.46

Net Income distribution, 93,484.24 93,484.24
Withdrawal (50,000.00) (50,000.00)
Ending Capital, 2016 390,414.71 390,414.71
 2016

1,441,703.79
-
353,788.93
60,000.00
1,855,492.72

8,724.63
34,125.00
8,152.08
113,444.44
52,552.50
216,998.65
2,072,491.38

554,316.80
554,316.80

390,414.71
390,414.71
390,414.71
346,930.46
1,518,174.58
2,072,491.38

2016

353,788.93
353,788.93

2016
9,971.00
 1,246.38
8,724.63

2016
39,000.00
4,875.00
34,125.00

2016
9,316.67
1,164.58
8,152.08

2016

128,222.22
14,777.78
113,444.44

2016
60,060.00
7,507.50
52,552.50

2016
160,258.70
148,457.70
67,575.60
98,530.80
26,550.00
26,544.00
13,200.00
13,200.00
554,316.80

2016
1,424,242.85
 373,936.96
-
373,936.96
-
(51,798.76)
-
554,316.80
876,455.00

-
-
-
-
-
-
-

(200,000.00)
(200,000.00)
2,100,697.85

n Partner's Capital

CABAUATAN CAPITAL CHIYAWAN CAPITAL

325,000.00 325,000.00
4,161.89 4,161.89
(50,000.00) (50,000.00)
279,161.89 279,161.89

279,161.89 279,161.89
117,768.58 117,768.58
(50,000.00) (50,000.00)
346,930.46 346,930.46

346,930.46 346,930.46
93,484.24 93,484.24
(50,000.00) (50,000.00)
390,414.71 390,414.71
 Qty Unit Price
OFFICE SUPPLIES
2 50
STAPLER

3 40
COPYHOLDERS
(6 dividers)
BOND PAPER
2 reams P60/ reams
3 50
SCISSORS

2 124
BALLPEN
Box of 10
CALCULATOR 3 150
2 35
MARKER
Total Monthly Exp.

OFFICE EQUIPMENT

COMPUTER 1 25,000.00
4-IN-1 PRINTER (fax, scanner, photocopier,
1 7,000.00
printer)
Telephone 1 250
Electric Fan 3 800
total office equipment exp.

Total Monthly Exp.

OFFICE FURNITURES & FIXTURES

OFFICE CHAIR 4 300

MONOBLOCK CHAIR 6 300

3 900
WORKING TABLE
CLOCK 1 100

DISPLAY RACK 3 1500

TRASH BIN 3 150

Total
DELIVERY EQUIPMENT
1 150000

FACTORY EQUIPMENT

SEWING MACHINES 3 15,000.00

FACTORY Furniture and Fix

FLUORESCENT BULB 3 120

SEWING TABLES
3 2,500.00

MONOBLOCK CHAIR 6 300

SOLDERING IRON 3 315

FLAT IRON 3 300

Total

CLEANING AND SAFETY MATERIALS

EMERGENCY LIGHT 4 1,100.00

FIRST AID KIT 5 1,500.00

FIRE
2 1,400.00
EXTINGUISHER
1 150
MOP
RAGS 10 5

DUST PAN 1 45

BROOM 2 30

PAIL 1 50

DIPPER 1 20
DIPPER 1 20
Total

Factory Overhead
Description Unit Price
Factory Equipment 10 yrs usefull life 45,000.00
Factory Furniture and Fixtures 10 yrs usefull life 11,505.00
Cleaning and Safety Materials 10 yrs usefull life 15,075.00
Water Monthly P 3,500 x 70%
Electricity Monthly P 7,500 x 70%
Depreciation-Delivery Equipment 150,000-10,000
(5yrs) Annually 5years
=28,000.00/12
Total

Selling and Administrative

Description
Salaries Admin Monthly
Water Monthly P 3,500 x 30%
Electricity Monthly P 7,500 x 30%
Diesel and Oil Monthly 1500/week
13th Month Pay
Stall Space Rent : Munoz Market Monthly
Stall Space Rent : Edsa Balintawak Market Monthly
Advertisement (Fliers/Tarps/Online) Monthly
Total

Other Expenses
Telephone - Broadband Bill Monthly
Transportation Exp.

Pre-Operating Requirements
Planning/Research expense
Business Permit & Licenses
Prepaid Rent 2mons (Office and Plant 250sqm lot/ ready for occupancy) (2mons)
Hiring Cost
Training Cost
Total
3 Month Working Fund
Raw Materials Purchases
Direct Labor
Factory Overhead
Selling and Administrative Expense
Total

3 Month Working Fund 806,841.99

Delivery Equipment 150,000.00
Office Furniture & Fixtures 10,750.00
Office Equipment 69,300.00
Factory Furniture & Fixtures 11,505.00
Factory Equipment 45,000.00
Cleaning and Safety Materials 15,075.00
Pre-Operating Requirements 113,500.00
PROJECT COST 1,221,971.99

Direct Product Cost

Supplies for Bag Qty Unit cost
TAILOR’S SHEARS 2 300
SEWING NEEDLES 3 (per box) 200
THREADS 4 sets (20 Pcs box) 150
TAILOR’S CHALK 3 box (10 pcs per box) 50
PIN CUSHION 1 box (10pcs per box) 150
ZIPPER 3 box (100 pcs./ box) 200
ZIPPER SLIDER 3 box (100 pcs./box) 300
3 (1 roll=100 mtrs @
250
GARTER 700/roll) @.5mtrs/bag
1 (1 roll = 600 yard @ 1
2000
VELCRO yard per bag)

3 Different design (1 roll

Fabrics-MALONGS /BATIC = 300 yard @ 7500) @ 7500
3yards per bag

Total
Supplies for Umbrella
BATTERY CONNECTOR 600 5

ELECTRIC TAPE 1 (50 pcs box) 50

STRANDED WIRES 600 meters P290 / 100 mtrs

 3 rolls = 1000 mtrs @
LED LIGHTS (1.2mtrs/pc need to 1 4,000.00
umbrella)
UMBRELLA 600 50
BATTERY HOLDER 300 15
Total

Total Product Cost Direct Material / Unit

Amount

100.00

120.00

120.00

150.00

248.00

450.00

70.00
1,258.00

25,000.00
7,000.00
250.00
2,400.00
34,650.00

69,300.00

1,200.00

1,800.00

2,700.00

100.00

4,500.00

450.00
10,750.00
150,000.00

45,000.00

360.00

7,500.00

1,800.00

945.00

900.00
11,505.00

4,400.00

7,500.00

2,800.00

150.00

50.00

45.00

60.00

50.00

20.00
 20.00
15,075.00

Total Cost
4,500.00
1,150.50
1,507.50
2,450.00
5,250.00

2,333.33

17,191.33 9,491.33

Total Cost
84,680.00
1,050.00
2,250.00
6,000.00

3,000.00
2,500.00
1,000.00
100,480.00

999.00

10,000.00
20,000.00
60,000.00
8,500.00
15,000.00
113,500.00
 240,420.00
213,408.00
51,573.99
301,440.00
806,841.99

Capitalization
A 325,000.00
B 325,000.00
C 325,000.00
C 325,000.00
1,300,000.00
1,221,971.99
Excess 78,028.01

Total cost
600.00
600.00
600.00
150.00
150.00
600.00
900.00
750.00

2,000.00

22,500.00

28,850.00

If Subcon for Umbrella @170 /pc 51,000.00

3,000.00

50.00

1,740.00
12,000.00

30,000.00
4,500.00
51,290.00 80,140.00

133.57
 2014
Units Unit cost Amount
Sales 1,890 560.00 1,058,400.00
Less: Cost of goods sold
Beginning inventory
Add: Production cost
Materials 2,100 114.49 240,420.00
Labor 284,544.00
Overhead 208,191.33
Total production cost 2,100 349.12 733,155.33
Less: ending inventory 210 349.12 73,315.53
Cost of goods sold 659,839.80
Gross profit 398,560.20
Less: Operating expenses
Salaries Admin 338,720.00
Water 3,150.00
Electricity 6,750.00
Diesel and Oil 5,400.00
Stall Space Rent : Munoz Market 9,000.00
Stall Space Rent : Edsa Balintawak Market 7,500.00
other expense:
Advertisement (Fliers/Tarps/Online) 3,000.00
office supplies expense 1,258.00
Net income (loss) from operations
Less: 30% Income Tax
Net income After Tax

Schedule of Sales 2014 2015 2016

No. of units sold 1,890.00 7,786.80 8,020.40
Estimated selling price 560.00 588.00 617.40
Total estimated sales 1,058,400.00 4,578,638.40 4,951,797.43
Schedule of Factory Overhead 2014 2015 2016
Indirect Labor
Rate per employee 961.54 1,057.69 1,163.46
Multiply: No. of employee 1 1 1
Daily Salary 961.54 1,057.69 1,163.46
Multiply: No. of working days/month 26 26 26
Monthly Salary Expense 25,000.00 27,500.00 30,250.00
Number of months 3 12 12
Annual Salary Expense 75,000.00 330,000.00 363,000.00
13th Month Pay 25,000.00 27,500.00 30,250.00
Total Annual Salary 100,000.00 357,500.00 393,250.00

Utilities Expense
Rent Consumption 90,000.00 396,000.00 479,160.00
Allocation 0.7 0.7 0.7
63,000.00 277,200.00 335,412.00

Water Consumption 10,500.00 44,100.00 46,305.00

Allocation 0.7 0.7 0.7
7,350.00 30,870.00 32,413.50

Electricity Consumption 22,500.00 94,500.00 99,225.00

Allocation 0.7 0.7 0.7
15,750.00 66,150.00 69,457.50

diesel and oil 18,000.00 75,600.00 79,380.00

Allocation 0.70 0.70 0.70
12,600.00 52,920.00 55,566.00

FOH Depreciation 9,491.33 9,491.33 9,491.33

FOH Supplies Expenses 0.00 0.00 0.00
TOTAL FACTORY OVERHEAD 208,191.33 794,131.33 895,590.33

Shedule of production cost 2014 2015 2016

units 2100 8652 8912
unit cost 349 329 368
Total production cost 733,155.33 2,846,371.66 3,278,229.78
Schedule of cost of goods sold 2014 2015 2016
Total production cost 733,155.33 2,846,371.66 3,278,229.78
Less: ending inventory 73,315.53 301,990.17 353,788.93
Total cost of goods sold 659,839.80 2,544,381.49 2,924,440.85

Schedule of Gross Profit 2014 2015 2016

Sales 1,058,400.00 4,578,638.40 4,951,797.43
Cost of goods sold 659,839.80 2,544,381.49 2,924,440.85
Total Gross Profit 398,560.20 2,034,256.91 2,027,356.58

Schedule of ending inventory 2014 2015 2016

units 210 865 891
unit cost 349.12 349.12 397.00
Total ending inventory 73,315.53 301,990.17 353,788.93

Schedule of materials 2014 2015 2016

no. of units sold 2100 8652 8912
estimated selling price 114.49 114.49 114.49
Total materials 240,420.00 990,530.40 1,020,246.31

Schedule of Salaries - Admin 2014 2015 2016

Marketing/Operational Manager 105,000.00 462,000.00 508,200.00
Head Acccountant 60,000.00 264,000.00 290,400.00
Accounting Staff 48,000.00 211,200.00 232,320.00
Driver - Helper 41,040.00 180,576.00 198,633.60
Total 254,040.00 1,117,776.00 1,229,553.60

Schedule of water 2014 2015 2016

Total water expense 10,500.00 44,100.00 46,305.00
Admin - 30% 3,150.00 13,230.00 13,891.50
Factory - 70% 7,350.00 30,870.00 32,413.50
Total water expense 21,000.00 88,200.00 92,610.00

Schedule of Electricity
Total Electricity 22,500.00 94,500.00 99,225.00
Admin - 30% 6,750.00 28,350.00 29,767.50
Factory - 70% 15,750.00 66,150.00 69,457.50
Total Electricity 45,000.00 189,000.00 198,450.00

Schedule of Diesel and Oil

Total Diesel and Oil 18,000.00 75,600.00 79,380.00
Admin - 30% 5,400.00 22,680.00 23,814.00
Factory - 70% 12,600.00 52,920.00 55,566.00
Total Diesel and Oil 36,000.00 151,200.00 158,760.00

Schedule of stall rent 2014 2015 2016

Total rent- munoz 9,000.00 39,600.00 43,560.00
Total rent balintawak 7,500.00 33,000.00 36,300.00
total stall rent 16,500.00 72,600.00 79,860.00

Schedule of advertisment 2014 2015 2016

per month 1,000.00 1,000.00 1,000.00
months 3 12 12
total advertisment 3,000.00 12,000.00 12,000.00

Schedule of direct Materials

Supplies for bags and umbrella 80,140.00 80,140.00 80,140.00
Production capacity - units 700 721 742.63
Unit cost 114.49 111.15 107.91
Units 2,100.00 8,652.00 8,911.56
Total direct materials 240,420.00 961,680.00 961,680.00

Demand and Supply

2011 2012
Population 2010 2,960,627 3,047,077 3,136,052
% of labor force 0.5648
Total buyers 1,672,162
 0.9000
Willing buyers 1,504,946
Other 0.0700
Target market 105,346
0.1000
Sales for 1 year 10,535
No. of months 12
Monthly demand 878
Rounded to 880 880

unit
Materials 133.57
Labor 101.62
Overhead 127.03 125% of direct labor
Total product cost 362.22
Profit margin - 40% 144.89
Total selling price 507.11
Estimated selling price 560.00

Materials
Supplies for Bag Qty Unit cost Total cost
TAILOR’S SHEARS 2 300 600.00
SEWING NEEDLES 3 (per box) 200 600.00

THREADS 4 sets (20 Pcs box) 150 600.00

3 box (10 pcs per

TAILOR’S CHALK 50 150.00
box)
1 box (10pcs per
PIN CUSHION 150 150.00
box)
3 box (100 pcs./
ZIPPER 200 600.00
box)
3 box (100
ZIPPER SLIDER 300 900.00
pcs./box)
3 (1 roll=100 mtrs
@ 700/roll) 250 750.00
GARTER @.5mtrs/bag
1 (1 roll = 600 yard 2000 2,000.00
VELCRO @ 1 yard per bag)

6 Different design
(1 roll = 300 yard
Fabrics-MALONGS /BATIC 7500 22,500.00
@ 7500) @ 3yards
per bag
 6 Different design
(1 roll = 300 yard
Fabrics-MALONGS /BATIC 7500 22,500.00
@ 7500) @ 3yards
per bag

Umbrella

BATTERY CONNECTOR 600 5 3,000.00

ELECTRIC TAPE 1 (50 pcs box) 50 50.00

STRANDED WIRES 600 meters P290 / 100 mtrs 1,740.00

3 rolls = 1000
mtrs @
LED LIGHTS 4,000.00 12,000.00
(1.2mtrs/pc need
UMBRELLA to 1 umbrella)
600 50 30,000.00
BATTERY HOLDER 300 15 4,500.00
Total cost of umbrella and bag for 600 units
Divide by the number of units to be produced
Total cost of umbrella and bag per unit

Direct labor

Factory overhead

Expenses
 2015
Units Unit Cost Amount Units
7,787 588.00 4,578,638.40 8,020

73,315.53

8652 111 961,680.00 8912

1,017,244.80
794,131.33
8652 329 2,846,371.66 8912
865 349 301,990.17 891
2,544,381.49
2,034,256.91

1,210,924.00
13,230.00
28,350.00
22,680.00
39,600.00
33,000.00

12,000.00
374,778.00 1,509.60 1,361,293.60
23,782.20 672,963.31
7,134.66 201,888.99
16,647.54 471,074.32
 2013 2014
3,227,625 3,321,871
0.5648
1,876,193
 0.9000
1,688,574
0.0700
118,200
0.1000
11,820
12
985
1,000

28,850.00

51,290.00
 2016
Unit Cost Amount
617.40 4,951,797.43

301,990.17

108 961,680.00
1,118,969.28
895,590.33
368 3,278,229.78
397 353,788.93
2,924,440.85
2,027,356.58

1,332,016.40
13,891.50
29,767.50
23,814.00
43,560.00
36,300.00

12,000.00
1,811.52 1,493,160.92
534,195.66
160,258.70
373,936.96
HIYAS PARTNERSHIP
PAYROLL SHEET
FOR THE PERIOD :
OVERTIME
NAME S RATE/ DAYS REG. PAY ALLOW / adjustment No.of Rate Total
DAY * - hrs.
*
Selling - Administrative Officers
1 Marketing/Operational Manager M2 1,346.15 26 35,000.00 210.34 -
2 Head Acccountant M1 769.23 26 20,000.00 120.19 -
3 Accounting Staff 1 S 615.38 26 16,000.00 96.15 -
4 Driver - Helper S1 456.00 30 13,680.00 71.25 -
SUB TOTAL 84,680.00 -
Direct Labor
1 Supervisor M3 961.54 26 25,000.00 150.24 -
Factory Workers -
1 FW1- Sewer S 456.00 26 11,856.00 71.25 -
2 FW2 - Sewer HF 456.00 26 11,856.00 71.25 -
3 FW3 - Cutter M 456.00 26 11,856.00 71.25 -
4 FW4 - Cutter M1 456.00 26 11,856.00 71.25 -
5 FW5 - Electrician M2 456.00 26 11,856.00 71.25 -
6 FW6 -Electrician M3 456.00 26 11,856.00 71.25 -
SUB TOTAL 96,136.00

- -
GRAND TOTAL 180,816.00 - - - -
 D E D U C T I O N S
TOTAL SSS PHIL PAG-IBIG Witholding NHMFC HDMF(MPL) SSS CASH TOTAL NET PAY
GROSS CONT. HEALTH CONT Tax LOAN LOAN LOAN ADVANCE
* DEDS.

35,000.00 581.30 375.00 100.00 5,599.68 6,655.98 28,344.02

20,000.00 581.30 250.00 100.00 2,683.93 3,615.23 16,384.78
16,000.00 581.30 200.00 100.00 1,732.07 2,613.37 13,386.63
13,680.00 472.30 162.50 100.00 734.80 12,945.20
84,680.00 2,216.20 987.50 400.00 10,015.68 - - - - 13,619.38 71,060.63

25,000.00 581.30 312.50 100.00 2,355.80 3,349.60 21,650.40

- -
11,856.00 472.30 162.50 100.00 734.80 11,121.20
11,856.00 472.30 162.50 100.00 734.80 11,121.20
11,856.00 472.30 162.50 100.00 734.80 11,121.20
11,856.00 472.30 162.50 100.00 734.80 11,121.20
11,856.00 472.30 162.50 100.00 734.80 11,121.20
11,856.00 472.30 162.50 100.00 734.80 11,121.20
96,136.00 3,415.10 1,287.50 700.00 2,355.80 - - - - 7,758.40 88,377.60

- - - - - - - - - -
180,816.00 5,631.30 2,275.00 1,100.00 12,371.48 - - - - 21,377.78 159,438.23
Schedule of Direct Labor 2014 2015 2016
Rate per Employee 456 501.6 551.76
No. of employees 6 6 6
Daily salary expense 2,736.00 3,009.60 3,310.56
No. of working days/month 26 26 26
Monthly salary expense 71,136.00 78,249.60 86,074.56
No. of months 3 12 12
Annual Salary Expense 213,408.00 938,995.20 1,032,894.72
13th Month Pay 71,136.00 78,249.60 86,074.56
Total Annual Salary Expense 284,544.00 1,017,244.80 1,118,969.28

Schedule of Factory Overhead 2014 2015 2016

Indirect Labor
Rate per employee 961.54 1,057.69 1,163.46
Multiply: No. of employee 1 1 1
Daily Salary 961.54 1,057.69 1,163.46
Multiply: No. of working days/month 26 26 26
Monthly Salary Expense 25,000.00 27,500.00 30,250.00
Number of months 3 12 12
Annual Salary Expense 75,000.00 330,000.00 363,000.00
13th Month Pay 25,000.00 27,500.00 30,250.00
Total Annual Salary 100,000.00 357,500.00 393,250.00

Utilities Expense
Rent Consumption 90,000.00 396,000.00 479,160.00
Allocation 0.7 0.7 0.7
63,000.00 277,200.00 335,412.00

Water Consumption 10,500.00 44,100.00 46,305.00

Allocation 0.7 0.7 0.7
7,350.00 30,870.00 32,413.50

Electricity Consumption 22,500.00 94,500.00 99,225.00

Allocation 0.7 0.7 0.7
15,750.00 66,150.00 69,457.50

FOH Depreciation 9,491.33 9,491.33 9,491.33

FOH Supplies Expenses 0.00 0.00 0.00
TOTAL FACTORY OVERHEAD 195,591.33 741,211.33 840,024.33
Schedule of Selling and Administrative 2014 2015 2016
Marketing/Operational Manager
Annual Salary 105,000.00 462,000.00 508,200.00
13th Month Pay 35,000.00 38,500.00 42,350.00
Total Annual Salary 140,000.00 500,500.00 550,550.00

Head Acccountant
Annual Salary 60,000.00 264,000.00 290,400.00
13th Month 20,000.00 22,000.00 24,200.00
Total Annual Salary 80,000.00 286,000.00 314,600.00

Accounting Staff
Annual Salary 48,000.00 211,200.00 232,320.00
13th Month 16,000.00 17,600.00 19,360.00
Total Annual Salary 64,000.00 228,800.00 251,680.00

Driver - Helper
Annual Salary 41,040.00 180,576.00 198,633.60
13th Month 13,680.00 15,048.00 16,552.80
Total Annual Salary 54,720.00 195,624.00 215,186.40

Total Annual Salary 338,720.00 1,210,924.00 1,332,016.40

Depreciation

Rent Expense
Total Rent Stall- munoz 9,000.00 39,600.00 43,560.00
Total Rent Stall-balintawak 7,500.00 33,000.00 36,300.00
Total Rent Expense 16,500.00 72,600.00 79,860.00

Utilities
Schedule of water
Total water expense 10,500.00 44,100.00 46,305.00
Admin - 30% 3,150.00 13,230.00 13,891.50
Schedule of Electricity
Total Electricity 22,500.00 94,500.00 99,225.00
Admin - 30% 6,750.00 28,350.00 29,767.50
schedule of diesel and oil
Total diesel and oil 18,000.00 75,600.00 79,380.00
Admin - 30% 5,400.00 22,680.00 23,814.00
Total Utilities Expense 15,300.00 64,260.00 67,473.00

Advertisment
per month 1,000.00 1,000.00 1,000.00
months 3 12 12
Total Advertising Expense 3,000.00 12,000.00 12,000.00

Office Supplies Expense 1,258.00 1,509.60 1,811.52

Bad Debt Expense 0.00 0.00 0.00

TOTAL SELLING AND ADMINISTRATIVE EXPENSE 374,778.00 1,361,293.60 1,493,160.92

Competitors Name Branches in Quezon City

Heartstring 4
1
5

Jelly Bean 1
1

Natasha 1
1
2

Broadwalk 1

Target Market

Belya Outlets : Munoz Market

Edsa -Balintawak Market
Q.Ave Mrt Station - Centriz

1.) Are you an umbrella user?

a. YES
b. NO

2.) What do you prepare for sun and rain protection?

a. Umbrella
b. Rain coat
c. Cap
d. Water Proof Jackets
e. Over whole water proof with boots

3.) When do you use umbrella?

a. Rainy season
b. Summer
c. Everyday
d. Sometimes
e. Never
f. Others:
 If never cite the reason/s:

4.) Which umbrella do you prefer?

a. Foldable once
b. Foldable twice
c. Foldable thrice
d. Non-Foldable

5.) Which brand of umbrellas do you usually buy?

a. Heartstring
b. Jellybean
c. Natasha
d. Boardwalk
e. Belya

6.) Have you ever considered using umbrellas as an inconvenience? (e.g. while eating, texting or shopping etc.)
a. Yes
b. No

7.) Do you think it will be an advantage to have lights in umbrellas?

a. Yes
b. No
8.) Do you think it will also be an advantage to have bag and umbrella instantly?
a. Yes
b. No
9.) Do you think having this product helps you lessen the inconvenience holding an umbrella?
a. Yes
b. No
10.) If the product is available in the market, would you buy it?
a. Yes
b. No
11.) Are you willing to buy the product at the price range of 500-600?
a. Yes
b. No
If no cite the price you want:
12.) How interested are you in our product? (5 as highest)
a. 5
b. 4
c. 3
d. 2
e. 1

how often do you buy umbrella in a year?

One time
Two Times
Three Times
Four Times
 Percentage of Users in QC Populations

SM Malls(Fairview,Cubao,North Edsa, Sta Mesa) 33%

Ali Mall

Ayala Mall -Trinoma 27%

SM Centerpoint

Cubao, V1-LA Bldg 13%

Novaliches, Pasong Tamo

E-Roadriguez Jr. Ave, Libis,QC 20%

7%
100%
Out of 100 respondents

Results Total

9300%
700% 100

5300%
1300%
3400%
0%
0% 100

23%
23%
40%
14%
0% 100%
 Not Handy
tend to always forget

20%
70%
10%
0% 100%

33%
27%
13%
20%
7% 100%

? (e.g. while eating, texting or shopping etc.)

57%
43% 100%

67%
33% 100%
ella instantly?
83%
17% 100%
nience holding an umbrella?
87%
13% 100%

60%
40% 100%

60%
40% 100%

30%
47%
20%
3%
0% 100%

33%
25%
27%
15% 100%
List of suppliers

Furnitures RL Complex Industries Inc.

Info@ rl-complex.com
RLCI Bldg: #35 Atty. Pat Senador St. S.F.D.M 1105 Q.C
372-54-34

AEROMETAL Furnitures
292 D Tuazon Ave. Q.C>
365-0552
364-6340
3650554

Exceline Global Concepts Inc.

Quezon City : 7329438
Makati City: 2446620

Hardwares Mach Tools Inc.

189 Del Monte Ave, Manresa . QC
4141984 ; 4126723

Co Ban Iat Hardware, In.

493 Quintin Paredes St, Binondo Manila
243-2730 to 33

Original Hardware
655 T. Alonzo St., Sta Cruz, Manila
733-5383 to 83 Fax No. 7331807

Electrical Shops Willingbros Ventures Corp.

115 Rentas Cor. 375 Juan Luna,Binondo Manila
242-5085
242-5084

Yuteco Electrical Supply Company Inc.

218, Banawe Ave Q.C
7314391

Fabrics Favorite Batic and Malong Mdse

Quiapo Manila
4150174

Fabric Soft
Quiapo Manila
 3726386

Automobile Diamond Motors Corporation

Q.Ave Quezon City
3723901