Professional Documents
Culture Documents
2. ADMISTRATIVE PLAN
Introduction 26
Organizational Chart 27
List of Administrative Personnel 28
Schedule of Tasks and Responsibilities 29
Schedule of Remuneration 30
List of Office Equipment and Supplies 31-32
Administrative Budget 33
3. MARKETING PLAN
Introduction 34
Product Description 35-37
Target Market 38-39
Market Size 40-41
Competition 42-43
Market Share 44-45
Sales Forecast 46
Market Strategies 47-56
Marketing Budget 57
2
OPERATION PLAN
58
Introduction
59
Operation Process
60-61
Flowchart of operation activites
62-63
Operation Layout Plan
64
Production/Capacity Planning
65-66
Material Requirement/Planning
67
Machine and Equipment Planning
68-69
Manpower Planning
70
Operations Overhead Requirements
71
Location Plan
72
Business and Operation Hours
73
License, Permits and regulations
74-75
Operation budget
FINANCIAL PLAN
Administration Budget 76
Marketing budget 77
Operation Budget 78
Project Implementation Cost Schedule 79
Depreciation 80-82
Loan and hire purchase repayment schedule 83-84
Cash Flow Proforma 85
Pro-forma income Statement 86
Balance Sheet Pro-forma 87
Forecasted performance 88
Financial Ratio 89
APPENDICES 90-110
3
LETTER OF SUBMISSION
70300, Seremban,
Negeri Sembilan.
70300 Seremban,
Negeri Sembilan.
Dear Madam,
According to the title above, we are from Violet The Carpenter have finished our business
2. The business plan contain the important aspect for the venture new business, which
had the business plan profile and organizational goals that had administration plan,
marketing plan, operational plan, financial plan. All the information fact is gathered from
discussion.
4
Thank you,
………………………..
c.c.
ACKNOWLEDGEMENT
Bismillahirrahmanirrahim,
First and foremost, we would like to thank Allah S.W.T for giving us the strength to
complete our project without much problems. Many thanks to our Entrepreneurship lecturer,
Madam Maria for her guidance and suggestions upon completing this business plan.
Deepest thanks and appreciation to our parents, family and friends for their unconditional
love and word of encouragement until our business plan is fully completed.
6
EXECUTIVE SUMMARY
consist of four members which hold important position such as General Manager,
RM 20,000.00.
according to the customer design. Violet The Carpenter with motto of ‘Variety Of Ones’ is
located at Ayer Keroh with address: No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
Malaysia. This company provided furniture which is wanted by the customer nowadays as it
is easy to consume and have multi-function. Differences normal furniture design compared
to our company design makes this furniture look more interesting and suitable with all sizes
of houses especially for those with small houses as this product can fit even in small spaces.
creativity and modern element in this furniture. We have done some research that Malaysia
is one developed country which consist of the people with lower income level and higher
income level. Thus, we recommended this furniture suitable with all type of income level as
1.0 INTRODUCTION
an enormous potential for improving the nation economy and income. Because of this
positive development, we find ourselves interested in getting involved in the business sector.
As we have seen, there are a lot of businesses in Malaysia, especially in the furniture
industry. So we take this opportunity to bring out our name, which is Violet The Carpenter.
based on pallete wood. These days, people currently demand on the product that are more
convenience to use. As for this, we decided to introduce our 3 in 1 furniture to allow them to
Our company name inspired from the meaning of Violet itself which is,
imagination and spirituality. The Violet brings us the inspiration to create the product beyond
customer’s imagination. The nature of this business is instant furniture. We innovate this
Violet The Carpenter will be launched on 15th January 2016 and will be located
at the Kota Fesyen, MITC Ayer Keroh Melaka. Kota Fesyen, MITC Ayer Keroh Melaka is a
quite known in that area. This place is near to the supplier of our product and it is near to
residential area.
8
Lingkaran MITC,
facilities and business environments. This place is near to the supplier of our product and it
is near to residential area. We want to make it in a short time for producing the product, so
our customers do not have to wait longer as we can get the raw material fast from our
suppliers.
We want to bring our product to the international level and to lift up the name of
our company to be comparable with other large company around the world.
9
The primary purpose of a business plan is to define what the business is or what
it intends to be over time. Clarifying the purpose and direction of your business allows you to
understand what needs to be done for forward movement. Clarifying can be consist of a
simple description of your business and its products and services, or it can specify the exact
product lines and services you’ll offer, as well as detailed description of ideal customer.
As you start your business, and even as your business moves along, you will
constantly need to concern yourself with financing your business. Financing concerns begi
with the start-up costs and then continue with business expansion and new product
development. Private investors, banks or any other lending institution will want to see how
you plan on running your business, what your expense and revenue projections are and
whather or not your plans for the future are attainable with the business you have created.
Businesses evolve and adapt over time, and factoring future growth and
direction into the business plan can be an effective way to plan for changes in the market,
growing or slowing trends, and new innovations or directions to take as the company grows.
Although clarifying direction in the business plan lets you know where you’re starting, future
Website violethecarpenter.com
E-mail violethecarpenter@gmail.com
th
Date of Commencement 15 January 2016
th
Date of Registration 15 Mei 2016
Lingkaran MITC,
PREMISE
12
GENERAL MANAGER
Correspondence Address : No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
E-mail : amintebek@yahoo.com
Entrepreneur Talks
ADMINISTRATION MANAGER
Correspondence Address : No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
E-mail : sitihadhila@gmail.com.my
MARKETING MANAGER
Correspondence Address : No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
E-mail : nishaienniena@gmail.com
Occupations.
OPERATIONAL MANAGER
Correspondence Address : No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
E-mail : farhana_hadi@yahoo.com
FINANCIAL MANAGER
Correspondence Address : No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
E-mail : amirulasmaan@gmail.com
With reference to the Partner Act 1961 (Revise 1974), this agreement is lawfully made
between the partners of Violet The Carpenter. The reason of this partnership agreement is
made in order to make sure that all the business operation run accordingly to the schedule
All the partners as below within the business organization make this agreement in
front of the lawyer, Mr Syukri that our company have selected to represent us.
19
It is hereby declared that all partners as mentioned below have witnessed and agreed
The partners have also agreed to accept the position in Violet The Carpenter as enlisted:
It is also agreed that all profit sharing will be based on the capital contribution of each
partners. Should the company suffers any loss, of which the negligence cause by anyone of
All the money owns by the partnership or money received on behalf of the partnership
It is also agreed that if in case where any of the partners want to withdraw from the
partnership, then she/he must give a one month notice to the partners.
Must have and act in good manners and has faith and be trustworthy between
Must give full efforts in any way for the success of the company.
Must keep all information relating to the business confidential from people
All the partners is strictly forbidden (except with the consent from all the partners) to:
Give or transfer own share to the public or people outside the business
organization.
Accept or borrow or lend money owned by the business to other people outside
Accept or borrow money owned by the business for personal use. If any partners
have borrowed any money or assets, payback or recovery must be made in one
Dispose any assets or any liability such as debts, money or others owned by the
partners.
If any partner dies or paralyzed that may bring difficulty for his/her to perform
her/his work, the next-of-kin must give a written notice in between 45 days to
those periods, the next-of-kin will receive back the capital contributed by
This agreement can be changed or dissolved if agreed by all the partners under a
It is also agreed that any action that may not fall under the agreement can be taken
Verify, I am Aminuddin bin Abdul Aziz, I/C Number, 900424016697, address, H1-10
Perumahan Polis Sri Temenggong, Jalan Taman Sentosa, Bukit Baru, 75450, Melaka
With a contribution of RM 20,000 of each of the partners which bring the total of
RM100,000. I promise to accomplish every duty assigned and willing to give full commitment
towards the organization management. I also promise to obey the rules and the regulations
Yours truly,
………………..
……………….. ………………..
……………….. ………………..
Verify, Siti Hadhila Binti Hamzah, I/C Number, 900902045100, Address,No 58 Taman
Pegoh Baru, Jalan 4 (PS1118) Pulau Sebang, Alor Gajah, Melaka, agreed to be a part of the
With a contribution of RM 20,000 of each of the partners which bring the total of
RM100,000. I promise to accomplish every duty assigned and willing to give full commitment
towards the organization management. I also promise to obey the rules and the regulations
Yours truly,
………………..
……………….. ………………..
……………….. ………………..
Address, No 6, Jalan Karyawan Bestari, Puncak Bestari, 42300, Bandar Puncak Alam
With a contribution of RM 20,000 of each of the partners which bring the total of
RM100,000. I promise to accomplish every duty assigned and willing to give full commitment
24
towards the organization management. I also promise to obey the rules and the regulations
Yours truly,
………………..
……………….. ………………..
……………….. ………………..
Verify, I am Nurul Farhana Binti Abdul Hadi, I/C Number, 900205105614, Address,
No 43, Lorong Naluri Sukma 8/16, 42300, Bandar Puncak Alam, Selangor agreed to be a
With a contribution of RM 20,000 of each of the partners which bring the total of
RM100,000. I promise to accomplish every duty assigned and willing to give full commitment
25
towards the organization management. I also promise to obey the rules and the regulations
Yours truly,
………………..
……………….. ………………..
……………….. ………………..
Verify, I am Amirul Asmaan Bin Ahmad Murad, I/C Number, 900307085299, Address,
No 8, Jalan Desa Bestari 9, Desa Bestari, Salak Tinggi, 43900 Sepang, Selangor, agreed to
With a contribution of RM 20,000 of each of the partners which bring the total of
RM100,000. I promise to accomplish every duty assigned and willing to give full commitment
26
towards the organization management. I also promise to obey the rules and the regulations
Yours truly,
………………..
……………….. ………………..
……………….. ………………..
2.1 INTRODUCTION
The administration plan forms an important base in maintaining and controlling the
business routines. One of the best ways to introduce a business organization is to state its
vision, mission and objectives.
2. 2. 1 Vision
our customer satisfaction and our design is focus on sleeping, dining, working and living.
Violet The Carpenter will strive in creating an efficient and effective in terms of the operation
2. 2. 2 Mission
Our mission is to create comfort for our customer through reliability and we want
2. 2. 3 Objective
2. 2. 4 Motto
“Variety of Ones”
AMINUDDIN
BIN ABDUL AZIZ
(GENERAL
MANAGER)
NOR
SITI HADHILA NURUL FARHANA AMIRUL ASMAAN
AIENNIENATULNISA
BINTI HAMZAH BINTI ABDUL HADI BIN MURAD
BINTI NOOR AZHAR
(ADMINISTRATION (OPERATION (FINANCIAL
(MARKETING
MANAGER) MANAGER) MANAGER)
MANAGER)
29
General Manager 1
Administration Manager 1
Marketing Manager 1
Operational Manager 1
Financial Manager 1
TOTAL 5
(RM) (RM)
(RM) (RM)
Fixed Assets
Working Capital
Other Requirements
Other Expenses - -
3.1 INTRODUCTION
Marketing is the management process for identifying and satisfying customer needs.
The concept of our marketing is based on the achievement and effectiveness of the
marketing to increase our sales and services that referred on needs and wants of customers
In order to make Violet The Carpenter more attractive, we have come up with marketing
plans for the next year. For our business, we will create many new products and something
special for our customer. Violet The Carpenter is a new business in its existing market. We
offers variety way to make our customer’s life easier and our product offers comfort to
everyone.
The objective of our marketing plan is to make sure that our product is known by people
around the world, and to ensure that our objective is achieved, we have to do some research
of our competitors. We would take their weaknesses as our opportunity to gain people’s
The strategic ways to complete our marketing plans is by doing survey from peoples,
interview, and distributes questionnaires. We also put in the promotion method such as
advertising in the Internet and magazine to attract more customers to come to our shop.
The business that we will be operating is a business that provides multi-purposes use of
furniture based on pallete wood. As you know, pallets are very versatile and they can be
used for lots of different projects. They are indeed wonderful and very resourceful.
There are many advantages that also come with using wooden pallets. First of all, they
are extremely cheap. You can even get them for free. Also, they are strong and durable and
very versatile. After all, they are used to keep all sorts of materials and contents so they are
very reliable. Pallets are also easily accessible and this means you can find them almost
anywhere. And in case they get damaged, they can be easily repaired.
One of the benefit of using our multi-purpose furniture is, our customer can minimize
space at their home. They don’t have to hire a contractor to knock down walls or add on to
their home to get more space. They can simply using our multi-purpose furniture that provide
Furthermore, it is also allow our customer to lower their budget costs as our product that
we are offered is at affordable price. Hiring a contractor to make structural changes to your
home will cost a lot of money. Our customer can get some of those changes with multi-
We provide a custom-made furniture where customer can design their own multi-
purpose furniture with their own budget costs. They can probably decide the range of their
budget and basically, everything is based on our customer. They can choose how and what
the design should and could be, in other words their needs is our priorities.
PRODUCT DESCRIPTION
Multi-Purpose Furniture
Pallets Woods
Materials
Nails
Screws
In determining target market, a business needs to first identify the product or services to
be offered. Next, the business should focus its marketing efforts by identifying the market
area and business location, collecting information and data of customer that can be used to
identify personal details of the population in the area, their lifestyle and buying habits. By
compiling these details, we can estimate the target market to our product.
Adults
Due to our economic crisis and the Malaysia Ringgit has fall down, we are
targeting adults as our main customer. The adults who want to get married
usually want something that they could afford, so our product could basically
help them in starting a new family. The adults who is wanted to start up a new
business can also buy our custom-made furniture to set up into their shop.
Family
We decided to put any family in our basic list because they are possibly needed
space for any extra things. Their children grow up and they wanted more, as for
this the spaces in their house could be so small to put everything, so we are
Our business is located at the town where the people or customers came from
different background or lifestyle. This type of segmentation helps us to identify the trend that
might shape future spending patterns in the target market. There are few characteristics of
population that has been identified as our target market. They have different background of
education, income, social class and occupation. This is because Melaka area is considered
The psychographic segmentation here in Melaka has different social class, lifestyle,
and personality that affect our market. In social class, there are high, middle, and lower class.
The middle and high class are more likely to purchase our services because of their financial
Behavioral segmentation use the unique relationship you have with your customer to
have a very personal conversation. In this segmentation, our target market are those who
want the furniture with the multi-function use and save the space at home. We also provide a
custom-made furniture.
41
Market size is total potential purchase that is expected from the target market.
Estimation of market size required information regarding the particular market the business
intends to enter. The potential purchase includes purchase of the competitor within the same
market.
Melaka is develop city where there are many infrastructure and services provided to its
surrounding. Melaka also surrounded with working place, universities, college and housing
area. Furthermore, two of the established shopping complex that is Mahkota Parade and
Dataran Pahlawan Melaka Megamall are situated in Melaka. From the seasonal factor,
Bangsar will be crowded with people during seasonal event such as New Year, Hari Raya,
The total population in Melaka is 860,000 peoples. In determining the market size, a
company focused on the people who situated around 20 km from Violet The Carpenter and
it is estimated to be about 50,380 people. The company narrowed its focus only on families
and social class from middle and high group income. The average price of product is
RM300.00
42
purchase spend
= RM21,765,600.00
10% x RM21,765,600
RM2,176,560 / 12 months
3.5 COMPETITORS
In this existing market, there are so much competitors that clearly everyone know
their existence. Although there is the competitors, everyone’s need and wants still not fully
So because of this, Violet The Carpenter takes the competitors as the inspirations to
focus on everyone’s wants. It means that, we are trying really hard to hear everyone’s voice
The similarity between our company and the competitors are we both producing a furniture.
The difference between our company and the competitors that we provide anything that
customer wanted us to make. But, our signature product would be the multi-purpose
Shown below, are the competitors of our business with their strength and weaknesses;
difficult to control
standards.
designer
and buildings
The percentage of market share before Violet The Carpenter enter the market:-
IKEA RM10,882,800 50
Lorenzo RM4,353,120 20
The percentage of market share after Violet The Carpenter enter the market:-
IKEA RM9,794,520 45
Lorenzo RM4,353,120 20
Sales forecasting is estimating what our company’s future sales are likely to be
March RM120,200
April RM190,000
May RM110,100
June RM180,400
August RM113,220
September RM120,600
October RM185,100
TOTAL RM2,176,560
48
MARKETING STRATEGIES
Violet The Carpenter is a place where you can put your dreams into a reality. You
can design, you can choose the colour by yourself, you can decide how you wanted the
furniture to be, and it always about you. Therefore, our company provides the best multi-
function furniture for everyone using our signature woods which is palette that can be afford
I. Branding
behind the meaning of violet itself. We find Violet The Carpenter is the best idea to
II. Quality
Violet The Carpenter provides the best quality in their products as the quality
represents how the company works for their customers. Quality is needed to be
balance against the quantity produced, which mean all the product by our company should
be equally satisfied to our customers according to the required standards. The quality
Our company offer membership’s cards for our regular customers and to allow them
multi-purpose use.
and bed.
51
Our pricing product commonly based on our cost value. We will add mark up to 20%
a) Discount Pricing
Discount pricing is for those who is order more than one product or for those is
paying using full payment. We also charge discount on the customers that be a part
b) Promotional Pricing
As we provide a furniture, there is no such season that can possibly attract people to
buy furniture every month. So, we decided to choose the first month which is January
and the last month of the year which is December to be the months for our
promotional pricing.
52
Our shop’s location is currently in the famous area which is in the Kota Fesyen, Ayer
Keroh Melaka, so we take this opportunity to call out everyone who is in that areas to come
If it is possible, we will bring out our products in the area that get people’s attention
the most. We could gain a new customer, or people can see how the product would be. They
can see our blueprints in every product that we produce. They can take that to compare the
The promotion strategy that we provide to people is to ensure that our company and
our product get widely known by people. The method that we are using to promote our
product is through:
1. Business cards
33
To ensure that we will able to let people know about our existence, we make a
business cards that allow customers to keep in touch with us. Everyone can have this
Our company use Facebook and Twitter as a medium for us to promote our products
and by doing this, we can actually get customers in different areas. When people buy our
products and satisfied with it, they will make sure everyone knows it so people can find us in
3. Flyers
Giving out the flyers is one of our way to convince people to put their trust on us. We
will distribute the flyers to the areas that has a great influence in making our target profit
achieved. In the flyers, we are already stated the address and the company’s contact, so it
would be easier for them to come to our shop and just give us a call for any enquiries.
56
4. Newspaper
News Straits Time Newspaper & Berita Harian Newspaper. We are classified as the
Central / Rate/Day per Total Cost 2+1 Buy 3+2 Buy @ 4 Rate/ Day 30 days
* The above rates (exclusive of 6% government sales tax) are quoted in Malaysia Ringgit
5. Magazine
57
Home Decor is a decor magazine that prides itself in making stylish living easy.
This style-driven interior design monthly is both inspiring and practical, and features some of
the most innovative home designs, the latest decor trends, furnishings, accessories, as well
as design industry tips, ideas and know-how. Home & Decor also covers aspects of
entertaining, home financing and home renovation. With 47,000 readers, Home & Decor is
Magazine
Features
No. of pages full page
Graphics limited
Duration 1 to 4 weeks
Audience domestic
Company profile no
Sound effect no
Customization no
Amendment no
Fixed Assets
Working Capital
Other Requirements
Deposit - -
Other Expenses - -
An operational planning is the one of the section that is included in the business plan.
An operational plan is the section that will demonstrate the operational aspect of the
business that is crucial in transforming the business input into output. The operations plan in
Violet The Carpenter’s Company will ensure the business is able to produce the product that
Feedback
60
Movement of materials or
Transportation
goods from one place to
another
Identify the palette woods and equipment needed in order to produce the
products.
Identify the suppliers which can provide the palette woods and equipment that
we required and order the items.
Take the palette woods and other equipment from the supplier and
made the payment.
Check the quantity and quality of products and equipment to equivalent with
our standard.
Chopping the palette woods using the saw according to the measurement
required and based on the design provided.
Combine all the palette woods based on the design prepared by drill it
with the nails.
Polish the palette woods and eliminate the unwanted things after the
palette woods have been combined altogether.
Activity Chart
Reached decision
The main objective of production schedule is to ensure that the quantity of production
is enough to fulfil expected market demand or sale forecast over the scheduled period, say
for school holidays and working days. In our business, we use chase strategy to yields
optimum return. In this strategy, the production quantities vary to suit market demand.
For example, the market demand for a day on working day is decreased compared to
the market demand on weekend. Thus, our production quantities also decreased suit with
Example of calculation for output per day on school holidays and weekend;
605 output
26 days
Bills of Materials
No. Material Quantity Safety Stock Total Material Price/Unit Total Price
Requirement (RM) (RM)
5 Wood 2x2 2units (122 cm) 1 units (122 3 units (122 RM 4.60 RM 13.80
cm) cm)
TOTAL RM
117.30
68
TOTAL
RM10,650
69
Manpower Planning which is consisting of putting right number of people, right kind of
people at the right place, right time, doing the right things for which they are suited for the
current manpower resources, forecasting future requirements and availability, and taking
steps to ensure that the supply of people and skills meets demand. The production operation
refers to the amount of output that can be produced within a specific time. Production
The sales forecast is 181,380 output of furniture per month which is monthly
production demand is 605. If working days per month are 26 days, the daily production rate :
The working hour per day is 10 hours. After deducting one hours to two hours of rest
period and idling time the effective working hours per days is 8 hours. The hourly production
rate is :
Three worker can produce about 1 furniture in 1 hour. Therefore, the numbers of workers
required is :
Thus, Violet The Carpenter need 9 workers in the production of making the furniture.
70
Position No of Personnel
Drilling Operator 4
Cutter Operator 3
Sander Operator 2
SCHEDULE OF REMUNERATION
TOTAL RM 14,630.65
71
1 Water 500
2 Electricity 1000
5 Cleaner 200
6 Rental 3000
TOTAL 5850
72
The place or location of the business plays an important role and is surely affect our
business. That is why before setting up any business, we must first consider the location that
The place that we choose which is at Kota Fesyen, Melaka is due to the strategical
location where it is located at the center of attraction and has a large target market. We
estimate the sales revenue at that place will meet with the required sales that we need.
Other than that, our business operation cost is not too high because our supplier is
situated not too far away from our business location. It can reduce the transportation cost to
get our raw materials from the supplier. Having a supplier that is near to our business
location benefit us a lot because any problem involve with our raw material, we can direcly
In choosing a location for a business, it also involve with the long term investment
because the place will become a company’s asset. It represents the investment that a
company intends to hold for more than a year. So, we have to make a decision properly in
Business Hour = 8 hours per day (8.00 a.m until 6.00 p.m)
Operating Hour = 8 hours per day (8.00 a.m until 6.00 p.m)
For the registration of new business, Violet The Carpenter with partnership form of
business, should complete the Business Registration From (Form A) from the Companies
Commission of Malaysia (SSM). A fee of RM 60.00 will be required for the registration.
operate. Failing to provide the certificate will results in the business not being able to
commence or exercise any borrowing power. The certificate for documents that need to
lodged are Form 18 – Statutory Declaration of Compliance by Company That Has Not
To open up a business in a certain area, business license and permit will need to be
applied from the city council. For this business, the license and permits will be applied from
‘Melaka Historic City Council’ whereby Violet The Carpenter company is located in that area
In order to advertise and promote our business furniture which has only start to
operate a signboard license and permit is required. This is to ensure that our furniture is
known by the customer in order for them to purchase it. License premises and signboard
from dbkl is required in order to start premises and apply for signboard.
75
Fixed Assets
Working Capital
Other Requirements
Deposit - -
Other Expenses - -
license
premise
raw material
ADMINISTRATIVE EXPENDITURE
Fixed Assets RM
Land & Building -
Furniture and Fittings 12,400
Office Renovation 12,000
Vehicle 10,000
Working Capital
Salaries+EPF+SOCSO 12,049
Utilities 570
Office Rental 4,000
Office Supplies 167
Petrol 500
Other Expenditure
Other Expenditure -
Pre-Operations
Deposit (rent, utilities, etc.) 12,000
Business Registration & Licences 500
Insurance & Road Tax for Motor
Vehicle 800
Other Expenditure
TOTAL 64,986
78
MARKETING EXPENDITURE
Fixed Assets RM
Signboard 3,200
Working Capital
Flyers 400
Mgazine 2,000
Newspaper 1,488
Other Expenditure
Other Expenditure -
Pre-Operations
Licences -
Vehicle -
Other Expenditure -
TOTAL 7,588
79
OPERATIONS EXPENDITURE
Fixed Assets RM
Working Capital
Raw Materials 3,519
Carriage Inward & Duty 2,000
Salaries, EPF & SOCSO 14,631
Machine maintenance 800
Petrol 500
utilities 1,850
Other Expenditure
Other Expenditure -
Pre-Operations
Deposit (rent, utilities, etc.) -
Business Registration &
Licences 300
Insurance & Road Tax for Motor
Vehicle 2,400
Other Expenditure -
TOTAL 46,649
80
Hire-
Requirements Cost Loan Own Contribution
Purchase
Existing F.
Fixed Assets Cash Assets
Land & Building -
furniture and fittings 12,400 - 5,900 6,500 -
office renovation 12,000 - - 12,000 -
vehicle 10,000 - - - 10,000
Fixed Asset
furniture and fittings
Cost (RM) 12,400
Method Straight Line
Economic Life (yrs) 5
Annual Accumulated
Year Depreciation Depreciation Book Value
0 - - 12,400
1 2,480 2,480 9,920
2 2,480 4,960 7,440
3 2,480 7,440 4,960
4 2,480 9,920 2,480
5 2,480 12,400 -
6 0 0 -
7 0 0 -
8 0 0 -
9 0 0 -
10 0 0 -
Amount 48,620
Interest Rate 5%
Duration (yrs) 5
Total Principal
0 - - 48,620
6 0 0 - -
7 0 0 - -
8 0 0 - -
9 0 0 - -
10 0 0 - 0
Amount 15,900
Interest Rate 5%
Duration
(yrs) 5
Total Principal
0 - - 15,900
6 0 0 - -
7 0 0 - -
8 0 0 - -
9 0 0 - -
10 0 0 - -
Less: Enpenditure
Administrative Expenditure 207,432 207,432 207,432
Marketing Expenditure 46,656 46,656 46,656
Other Expenditure 0 0 0
Business Registration & Licences 800
Insurance & Road Tax for Motor Vehicle 3,200 3,200 3,200
Other Pre-Operations Expenditure 0 0 0
Interest on Hire-Purchase 795 795 795
Interest on Loan 2,431 1,945 1,459
Depreciation of Fixed Assets 11,750 11,750 11,750
Operations Expenditure 213,368 213,368 213,368
Total Expenditure 486,432 485,146 484,659
Net Profit Before Tax 1,493,780 1,625,700 1,839,672
Tax 0 0 0
Net Profit After Tax 1,493,780 1,625,700 1,839,672
Accumulated Net Profit 1,493,780 3,119,481 4,959,152
88
TOTAL
1,640,470 3,274,992 5,121,166
ASSETS
Owners' Equity
Capital 57,088 57,088 57,088
Accumulated Profit 1,493,780 3,119,481 4,959,152
1,550,868 3,176,569 5,016,240
Long-Term Liabilities
Loan Balance 38,896 29,172 19,448
Hire-Purchase Balance 12,720 9,540 6,360
51,616 38,712 25,808
Current Liabilities
Accounts Payable 37,986 59,711 79,118
TOTAL
EQUITY & 1,640,470 3,274,992 5,121,166
LIABILITIES
89
LIQUIDITY
Current Ratio 42 54 64
Quick Ratio (Acid Test) 42 54 64
EFFICIENCY
Inventory Turnover #DIV/0! #DIV/0! #DIV/0!
PROFITABILITY
Gross Profit Margin 90.98% 90.64% 90.73%
Net Profit Margin 68.63% 69.80% 71.81%
Return on Assets 91.06% 49.64% 35.92%
Return on Equity 96.32% 51.18% 36.67%
SOLVENCY
Debt to Equity 5.78% 3.10% 2.09%
Debt to Assets 5.46% 3.01% 2.05%
Time Interest Earned 613 835 1,260
90
6.0
APPENDICES
92
93
94
95
96
97
98
99
100
P.U. 173/66
COMPANIES REGULATIONS, 1966
SECOND SCHEDULE (Regulation 3)
FORM 18
*2. Every director of the company has paid to the company on each of the shares taken or contracted
to be taken by him, and for which he is liable to pay in cash, a proportion equal to the porportion
payable on application and allotment on the shares payable in cash.
*3. No director of the company has taken or contracted to take any share or shares in the company for
which he is liable to pay in cash.
And I make this solemn declaration conscientiously believing the same to be true and by virtue of the
provisions of the Statutory Declarations Act, 1960.
ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
SIXTH SCHEDULE
[Section 51]
PART I
Number and amount of shares and debentures issued 1. shares of RM fully paid
within the two years preceding the date of this 2. shares upon which
statement or proposed or agreed to be issued as fully RM per share
or partly paid up otherwise than in cash credited as paid
3. debentures RM
The consideration for the issue or intended issue of 4. Consideration:
those shares and debentures
Persons to whom option or right to option was given or, 5. Names and
if given to existing shareholders or debenture holders addresses
as such, the relevant shares or debentures
Amount, if any, paid or payable (in cash or shares or Total purchase price RM
debentures) for any such property, specifying amount,
if any, paid or payable for goodwill
Cash RM
Shares RM
Debentures RM
Goodwill RM
Short particulars of any transaction relating to any such
property which was completed within the two
preceding years and in which any vendor to the
company or any person who is, or was at the time
thereof, a promoter, director, or proposed director of
the company had any interest direct or indirect
1. Where it is proposed to acquire a business, a report by an approved company auditor (who shall be
named in the statement) with respect to—
(a) the profits or losses of the business in respect of each of the five financial years immediately
preceding the lodging of the statement with the Registrar; and
(b) the assets and liabilities of the business at the last date to which the accounts of the business
were made up.
2. (1) Where it is proposed to acquire shares in a corporation which by reason of the acquisition or
anything to be done in consequence thereof or in connection therewith will become a subsidiary of the
company, a report by an approved company auditor (who shall be named in the statement) with respect to
the profits and losses and assets and liabilities of the other corporation in accordance with subparagraph
(2) or (3), as the case requires, indicating how the profits or losses of the other corporation dealt with by
the report would, in respect of the shares to be acquired, have concerned members of the company, and
what allowance would have fallen to be made, in relation to assets and liabilities so dealt with, for holders
of other shares, if the company had at all material times held the shares to be acquired.
(2) If the other corporation has no subsidiaries, the report referred to in subparagraph (1) shall—
(a) so far as regards profits and losses, deal with the profits or losses of the other corporation in
respect of each of the five financial years immediately preceding the delivery of the statement to
the Registrar; and
(b) so far as regards assets and liabilities, deal with the assets and liabilities of the other
corporation at the last date to which the accounts of the corporation were made up.
(3) If the other corporation has subsidiaries, the report referred to in subparagraph (1) shall—
(a) so far as regards profits and losses, deal separately with the other corporation's profits or
losses as provided by subparagraph (2), and in addition deal as aforesaid either—
(ii) individually with the profits or losses of each subsidiary, or, instead of dealing
separately with the other corporation's profits or losses, deal as aforesaid as a whole with
the profits or losses of the other corporation and with the combined profits or losses of its
subsidiaries; and
(b) so far as regards assets and liabilities, deal separately with the other corporation's assets and
liabilities as provided by subparagraph (2), and, in addition, deal as aforesaid either—
(i) as a whole with the combined assets and liabilities of its subsidiaries, with or without
the other corporation's assets and liabilities; or
105
(ii) individually with the assets and liabilities of each subsidiary, and shall indicate as
respects the profits or losses and the assets and liabilities of the subsidiaries the
allowance to be made for persons other than members of the company.
NOTE—Where a company is not required to furnish any of the reports referred to in this Part, a statement
to that effect giving the reasons therefor should be furnished.
(Signatures of the persons above-named as directors or proposed directors or of their agents authorized
in writing)
Date:
PART Ill
Provisions Applying to Parts I and II of this Schedule
3. In this Schedule the expression "vendor" includes any person who is a vendor for the purposes of the
Fifth Schedule, and the expression "financial year" has the meaning assigned to it in Part III of that
Schedule.
4. If in the case of a business which has been carried on, or of a corporation which has been carrying on
business, for less than five years, the accounts of the business or corporation have only been made up in
respect of four years, three years, two years, or one year, Part II of this Schedule shall have effect as if
references to four years, three years, two years, or one year, as the case may be, were substituted for
references to five years.
5. Any report required by Part II of this Schedule shall either indicate by way of note any adjustments as
respects the figures of any profits or losses or assets and liabilities dealt with by the report which appear
to the persons making the report necessary or shall make those adjustments and indicate that
adjustments have been made.
106
P.U. 173/66
COMPANIES REGULATIONS, 1966
SECOND SCHEDULE (Regulation 3)
FORM 23
Companies Act 1965
Section 52 (3)