LA CONSOLACION COLLEGE MANILA

8 MENDIOLA ST., MANILA, PHILIPPINES 1005 COLLEGE OF

BUSINESS AND ACCOUNTANCY

MULTI-LAMP-TIONAL

A Feasibility Study
Presented to the
Faculty of Business and Accountancy
La Consolacion College of Manila

In Partial Fulfillment
of the requirements for the Degree
Bachelor of Science in Accountancy

Presented by:
Corro, Dominique Felice
Dizon, Mary Lou
Llaneta, Micah Mariel
Rempillo, Maria Vanessa Joy
Patria, John Adrian
Viana, Mojan Joseph
BRIEF DESCRIPTION

At present, most of the technologies are modernized and continually innovating. To serve the

lives of every people, we came up with the product, multi-functional purpose lamp. It is not just

an ordinary desk lamp but it has different purpose for different types of customers. It is a lamp

that serves as a light to students, romantic persons, adventurous persons, and furniture collection

lovers. It is also a budget-friendly and eco-friendly lamp that can give comfort and relaxation in

one go. A lamp that can be a partner you can bring, anywhere you go. It is not just a lamp that

can light your dark world but it can also bring music closer to you because it has built-in

Bluetooth speaker. It is perfect for late-night study, adventure time, hiking or camping, romantic

dates and parties.

"Lumos Nyctophile, you will never be alone in the dark again."

OBJECTIVES

A. GENERAL

1. To produce a product that can minimize health risks and toxicity by using cost effective

and eco-friendly materials.

2. To provide light and music for the students, adventurous persons, romantic persons, and

furniture collection lovers.

3. To help in the growth and development of indigenous furniture or home furnishing

industry.

4. To make an eco-friendly lamp that is beneficial to household because of its multi-

function purpose and designs.

5. To provide help in preserving the mother earth by creating an environment-friendly lamp

for use as furniture in every home.

B. SPECIFIC

1. To assess and measure the success of the project

2. To provide high quality and cost-effective product

3. To examine the cost-benefit of product to the company.

4. To analyze the effectiveness of the product.

5. To assess the preferences of target customers when it comes to eco-friendly furniture.

6. To analyze and assess possible threats and difficulties of the company.

7. To evaluate the strength and weaknesses of the company.

8. To identify the target market for more profitable product penetration.

9. To identify different competitors in furniture market.

10. To determine accessible and appropriate location that can fit for production.

11. To identify the appropriate selling market whether online or in retailing.

12. To provide comfort and relaxation in one go.

13. To produce a new project that explores the creative possibilities of LEDs.

14. To help students’ study in case of blackouts and to cope with stress by means of music.
MANAGEMENT ASPECT

COMPANY LOGO

Company Logo

 LUMOS - means “Light”

 NYCTO - means “Night”

 PHILIA - means “Love”

COMPANY BACKGROUND

Lumos Nyctophile is committed in creating and developing budget-friendly lamps that

provides convenience, comfort and relaxation to consumers. The company name was derived

from the Latin word “Lumen” which means light and from the ancient Greek word “Nyktos” and

“Philos” which means lover of the night. It is inspired by persons who are afraid and alone in

darkness.
PRODUCT LOGO

Product Logo

The figure above describes the logo of the company product consisting of the product

name and bulb moon inspired which depicts the purpose of our product is to light up the dark of

every people.

MANPOWER

Job Title: General Manager/Cashier

Job Description:
 Overseeing daily business operations

 Design and implement strategic business plan

 Supervise and lead other employees

 Accepts payments from customers

 Responsible for counting the contents of cash register drawer after each shift
Job Title: Bookkeeper

Job Description:
 Posting information to accounting journals or software from source documents such

as invoices to customers, cash receipts, and supplier invoices

 Producing various financial reports

 Oversee a company’s financial data.

 Reconcile sale taxes and payroll taxes

Starting salary - P12,000.00

Job Title: Technician

Job Description:
 Assessing and improving electrical systems, such as adding electronic devices

(speaker)

 Reading blueprints to learn where circuits, outlets and other electrical components are

found or will be positioned

 Repairing broken electrical lights and making suggestions in improving the previous

standards

Starting salary- P14, 000.00

Job Title: Craftsman

Job Description:
 Performs skilled carved work on the bamboo
  Effectively and safely operates variety of tools and equipment in crafting

 Assembled the parts of the lamp and package it in a plastic

 Ensures that all parts of the product are properly working and the product itself meets the

quality standards of the company

 Identify any defective items and handle according to established procedures

Starting salary- P16, 000.00

EMPLOYEE BENEFITS
 Each employee will have 13th month pay.

 If the employee works beyond 8 hours, he/she is entitled to receive an additional

compensation equivalent to his regular wage plus at least thirty percent (30%) thereof.

 During a regular holiday, any employee who works on that day will have at least twice

o (200%) his/her regular wage rate.

 If the employee works during a Special Non-Working Holiday, the employee shall be

o Paid 100% of his/her regular salary plus 30% of the daily rate.

o All employees are entitled to ten days sick leave and 5-day vacation leave per

year.
LEGAL ASPECT

REQUIREMENTS AND PROCEDURE IN REGISTERING THE BUSINESS

1. Register a business name at Department of Trade and Industry

2. Registration with barangay

A. Submit completed application form together with the following:

a. Certificate of Business Registration from DTI

b. Two (2) valid IDs

c. Proof of Address such as Contract of Lease (if rented) or Certificate of Land Title

(if owned)

3. Register the business in the Mayor’s Office

A. Submit completed application form together with the following:

a. Certificate of Business Registration from DTI

b. Barangay Clearance Certificate

c. Two (2) valid IDs

d. Proof of Address such as Contract of Lease (if rented) or Certificate of Land Title

(if owned)

4. Register the business with the Bureau of Internal Revenue

A. Go to the Regional District Office (RDO) where the business is located

B. Fill-up the BIR Form 1901 – Application for Registration (fore sole Proprietor)

C. Submit completed registration form together with the following:

a. Certificate of Business Registration from DTI

b. Barangay Clearance Certificate

a. Valid IDs, if applicable

 c. Proof of Address such as Contract of Lease (if rented) or Certificate of Land

Title (if owned)

d. Mayor’s Business Permit

D. Pay the Registration Form (BIR 1605)

E. Register your book of accounts and invoices

F. Claim your Certificate of Registration (BIR Form 2303)

5. Registration with Social Security System

Sole proprietor should accomplish SSS Forms R-1 (Employer SSS Registration) and R-

1A (Employer Report).

6. Registration with Home Development Mutual Fund

According to Republic Act 7835, it is a mandatory requirement for employers to contribute,

on behalf of their employees, to the Pag-IBIG Fund or Home Development Mutual Fund

(HDMF). For new employees, they can apply membership by undergoing the HDMF Online

Membership Registration. On the part of the employers, they can submit the list of their new

employees by filling up the Member’s Contribution Remittance Form (MCRF) and mark as NH

(Newly Hire) when filing monthly HDMF contribution. It is to be noted that the employee must

be a member of Social Security System before he/she can register to Pag-IBIG Fund.
 7. Registration with Philippine Health Insurance Corporation

According to Republic Act 7875 otherwise known as the National Health Insurance Act

of 1995, all government and private sector employers must register with PhilHealth to enable

them to provide social health insurance coverage to their employees. The following are the

steps to register with PhilHealth:

A. Submit the following at any PhilHealth Office:

a. Employer Data Record or ER1 Form (in duplicate). The form may be

downloaded at PhilHealth Website.

b. Business permit/license to operate and SEC Registration is required for

partnership.

B. After processing, PhilHealth will issue the following:

a. PhilHealth Employer Number (PEN) and the Certificate of Registration.

b. PhilHealth Identification Number (PIN) and Member Data Record (MDR) of

c. registered employees

C. Display the Certificate of Registration in a conspicuous area of your office as a

requirement.

SALARY DEDUCTIONS

Salary deductions are mandatory contributions collected by the government based on an

employee’s basic salary.

SOCIAL SECURITY SYSTEM

The amount deducted every month for the SSS contribution is 12% of an employee’s

monthly salary credit.

PHILHEALTH

The PhilHealth premium contribution rate is 3% of the monthly basic salary, shared

equally by employers and employees.

PAG-IBIG

The maximum PAG-IBIG contribution is 2% per month for members earning P1, 500 per

month which is applicable to the employees in our company.

BUSINESS LOCATION

Actual Store Location

It was located Sta. Cruz, Manila. Both sale and production will take place in this

commercial space since the production won’t accumulate huge area.

Vicinity Map of Store Location

It shows the vicinity map where the store is located. The exact address of Lumos

Nyctophile is V. Fugoso St, Brgy 311, District 3, Sta. Cruz, Manila. The owner chose this area

because it is within the vicinity of University Belt and Manila area, because our target market is

students, young professionals.

MARKETING ASPECT

Direct and Indirect Competitors

Direct competitors are businesses that sell a product or service in the same category as

you. Lumos Nyctophile is first in the market and currently does not have direct competitors.

There are, however, other competitors known as indirect competitors. Indirect competitors are

businesses that sell a product or service in the same category as you, but it’s different enough to

act as an alternative for your product or service. Since Lumos Nyctophile does not have similar

products in the market, consumers are using lamps and Bluetooth speaker separately. Therefore,

companies such as Ace Hardware, Handyman and Bamboo Grove Furniture who sells lamps and

Bluetooth speakers are indirect competitors. Other consumers are also using Bluetooth speaker

with dim lights which can be found on online shops. Thus, online shops such as Lazada and

Shopee are also considered indirect competitors.

Marketing Strategy

Lumos Nyctophile chose its business location in Sta. Cruz, Manila where it can focus on

its main target consumers. The main marketing strategy of Lumos Nyctophile focuses on

students and young professionals within Manila City whose age are 18 years old and above.

Since Lumos Nyctophile is new, it prefers targeting non-users and prospect customers. These

type of people tends to be wise spender because their income is just enough to provide for their

basic wants and needs.

To cope with the current pandemic situation, Lumos Nyctophile registered their product

on online shops such as Shopee and Lazada to reach its costumers further. In terms of product
promotion online and to reach its target market faster, Lumos Nyctophile will have their own

Facebook and Instagram page where their product designs will be posted and can then be viewed

regularly by consumers via viewer boost. Lumos Nyctophile will also utilize the growing

industry of social media influencers and content creators by reaching out to them and giving

them product sponsorship in exchange of advertising and including a feedback of our product in

their content. Social media influencer and content creator such as Kookoo Vlogs who creates

video blogs about nature & preservation and interested in naturally-made products can be a

potential candidate for this product sponsorship. Celebrities such as Andy Eigenmann who

promotes naturally-made products can also be a potential candidate for the product sponsorship.

Lumos Nyctophile will also conduct online survey in order to obtain numerical data’s for

the demand and feedback of the product from its main target consumers.

Distribution Channel

Direct Selling

LUMOS NYCTOPHILE CUSTOMERS

Through Online Shops

LUMOS NYCTOPHILE LOGISTICS CUSTOMERS

Through Wholesalers

LUMOS NYCTOPHILE WHOLESALERS RETAILERS CUSTOMERS

Target Market Population

As mentioned, Lumos Nyctophile’s main target market focuses on the population of

students and young professionals within Manila City whose age are 18 years old and above.

According to CHED statistics, there are 662, 688 students currently enrolled in National Capital

Region.
PRICE

Estimated Cost per unit and Target Selling Price

Daily
Direct Materials
Speaker 250.00
Bamboo poles (9.78/unit) 9.78
Circuit board (WP) 150.00
Battery (50/unit) 50.00
Led Light (2.80/unit)- 50pcs 2.80
Led Diffuser 24.00
Push Button 9.50
Total Direct Material 496.08
Direct labor
Technician (2) 52.48
Craftsman (4) 30.00
Total Direct Labor 82.48
Indirect Materials
Lead Wire (7inches, 60 lamps per inch) 2.00
820 ohm resistor 11.00
100 uf 25c capacitator 10.00
1N4001 Rectifier Diode 6.25
Double cable wire 8.00
Super Glue (8.89/unit)- 100 pcs 8.89
Knurled inserts 2.42
Knurled Thum screw 0.99
Total Indirect Materials 49.55
Factory overhead 49.55
Total Production Cost 628.11
Add: Mark up price (20%) 157.03
Total Mark-up price/ ESP P 785.14
SUPPLIERS FOR MATERIALS

a. Direct Material

1. AiL Industrial CO.,LTD

https://szcfech.en.made-in-china.com/product/pvexFzTJhqrZ/China-Bamboo-A10-LED-
Wireless-Mini-Hands-Free-Portable-Wooden-Bluetooth-Speaker-with-TF-Card-Mic-
USB-Audio-Music-Player.html
2. Grajo Bamboo Store

3. Jimwell electronics center

https://www.philippinecompanies.com/companyprofile/268574/jimwell-electronics-
center

4. Online shop (ALIBABA)

https://www.alibaba.com/product-detail/Wholesales-DC-168-1800mAh-li-
ion_60553146320.html?spm=a2700.7724857.normalList.52.5922140ep3EOtA

5. ALIBABA

https://www.alibaba.com/product-detail/OEM-factory-customized-acrylic-
polycarbonate-
milky_62342294991.html?spm=a2700.details.maylikeexp.1.4bf16689eXk8Ul

6. Push Button

Lazada https://www.lazada.com.ph/products/wed719-5x-ds-101-micro-push-
button-switch-8mm-mount-reset-momentary-cap-round-2-pin-i1148606653-
s3997470180.html?spm=a2o4l.searchlist.list.71.75ad2829sN3L7T&search=1

b. Indirect Material- tools in PDF

a. Lead wire

https://shopee.ph/1-Spool-Solder-Tin-Lead-Wire-Rosin-Core-1mm-Dia-35-Feet-
Long-Cable-i.129172069.2307815739

b. 820 ohm resistor

https://shopee.ph/10pcs-1-2W-1-820-OHM-820%CE%A9-metal-film-resistor-0.5W-
resistor-i.272922820.3845998771
 c. 100uf 25c capacitator

https://shopee.ph/search?keyword=100uf%20capacitor&trackingId=searchhint-
1601981132-0eda00ca-07c1-11eb-bf83-d094667b400c

d. 1N4001 Rectifier Diode

https://shopee.ph/1N4001-Rectifier-Diode-(4pcs)-i.42304981.7415401206

e. 2 tie wire twister

https://shopee.ph/COD-2-Pieces-Automatic-Rebar-Tie-Wire-Twister(Curved-and-
Straight-Hook)-LKJ-i.212408910.4940209047

f. Double cable wire

https://shopee.ph/COD-1meter-speak-double-cable-wire-gauge-22-
i.35344010.1857390978

g. Super Glue
STERLLING GALLEON
Supplier: https://www.galleon.ph/styles-c869/electronica-c1913/sterling-p24241163
LAZADA: https://www.lazada.com.ph/products/gorilla-original-gorilla-glue-waterproof-
polyurethane-glue-8-ounce-bottle-brown-i424678360-
s1051586258.html?laz_trackid=2:mm_150060774_51201795_2010251772:clk5hg6lk1ejs7ho84
5gh0
h. Knurled thum screw

SHOPEE: https://shopee.ph/M4x10-Threaded-Knurled-Thumbscrew-Grip-
Knobs-Thumb-Screw-i.66388047.1120506885

i. Knurled inserts

SHOPEE: https://shopee.ph/Thread-nut-Set-Steel-Insert-Nutsert-M4-M5-M6-
M8-Knurled-body-Fasteners-100pcs-Rivet-Portable-i.58876099.6447745500
TOOLS AND EQUIPMENT
a. Brass wire buffing brush – dremel

LAZADA: https://www.lazada.com.ph/products/10-x-brass-wire-brush-round-
brushes-25mm-for-pot-dremel-brush-disc-brush-i1017808314-
s3400414012.html?exlaz=d_1:mm_150050845_51350205_2010350205::12:1032129
542!52512091404!!!pla-
293946777986!c!293946777986!3400414012!222061574&gclid=CjwKCAjwiOv7B
RBREiwAXHbv3BKriX5AEvWipbf9iNs1I8MKXwfPRcUlYi9okN4dLjkwyFMlhC
DoxxoCFW8QAvD_BwE

b. Small Hammer

ADAMAS

https://www.lazada.com.ph/products/adamas-mini-hand-tool-hammer-blackorange-
i410211-
s544306.html?spm=a2o4l.searchlistcategory.list.10.1f82575cEcgLlF&search=1

c. Long nose pliers

miss.5678ph
SHOPEE: https://shopee.ph/Long-nose-pliers-i.53840546.893464552

d. Small blow torch

CAROUSELL:

https://www.carousell.ph/p/torch-gun-or-blow-torch-1033094240/?t-
id=MkIBbldseJ_1601903009000&t-referrer_request_id=kBIEHqfWNhhX-DDI

e. Drill

GIGATOOLS.PH: https://www.gigatools.ph/products/bosch-gbm-320-hand-drill-6-
5mm-320w

f. Bench vise 4.5’’

 SHOPEE: https://shopee.ph/5-Table-Bench-Vise-Swivel-Base-with-Anvil-0523-
i.37133750.2001419782

g. Soldering Iron

AMAZON: https://www.amazon.com/Weller-SP25NKUS-25-Watts-Soldering-
Iron/dp/B00B3SG6QA

Entrance
LED CRAFTING
Bamboo Polishing
Bamboo Polishing

Administrative Office Display Area

Manufacturing Area

INVENTORY

Floor plan of Store and Manufacturing Location

BUSINESS PROCESS LAYOUT

STEP-BY-STEP PROCESS

Purchasing Process

Start

Inventory Check:
Low Inventory
(10 mins)

Purchase Craftsman prepares

Requisition Requisition
Form (1 min)

No End

Approved by
Manager
Manager prepares
check for payment
Yes to supplier (2 mins)
Selection of
Purchase
Supplier and
Order
Prepare Purchase
Order (4 mins ) Yes Match
Receiving Purchase Order
Report 00 and goods
Send Purchase received? No
Order to Supplier
(2 mins )

Supplier Crew r eceive and

delivers the Inspect goods
goods (1 day ) (10 mins )

Inform
supplier
about
discrepancy
(5 mins )

Debit Memo
(2 mins)
Bamboo Polishing
LED Light Assemble

Figure 2
Selling Process

Start

Order Placed

Checkout

Ship to Customers

Mode of Payment:
Create COD
Purchase Order
And Send Cash on Delivery Create Packing
or slip and Invoice
Online Payment

Receive Items
Online

Box and Purchase Items