1

I. INTRODUCTION

The recent years have witnessed an unprecedented economic growth

in the Philippines as a result mainly of foreign and local investments. Such

accelerated business activities can be attributed specifically to the national

government’s business policies and regulations favorable to investors,

particularly the attractive tax incentives and low cost of labor. As a

consequence, many areas in the country have been developed into

industrialized zones particularly in CALABARZON to give access to

production, storage and transport facilities. In the province of Cavite alone,

there are at least seven industrial zones catering to a total of 709

production plants owned and operated by multinational. As of December

2016, two hundred and fifteen (215) of those plants are located at the

Cavite Export Processing Zone in Rosario, Cavite (Source: Records

Division, Administrative Office PEZA).

As the business activities in these firms progress, the concerns of the

administrators have grown from mere manufacturing to security,

cleanliness and ventilation problems ranging from simple maintenance of

peace and order and sanitation within the facilities and the proper

implementation of company rules and regulations to pilferage, burglary,

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destruction of properties, robbery and disposal of wastes. In effect, there

has also been unprecedented need for manpower services of guards,

janitors or even for aircon technicians in the industrial zones. Only five of

the security agencies, four of the janitorial agencies and only one for

manpower agency providing such services to the said companies are

Cavite based (Pease see Table 2).

Private security agencies, janitorial agencies and manpower service

agencies presently operating and providing services to firms located in the

towns of Rosario, Gen. Trias, Tanza and Dasmarinas are mostly Manila-

based and majority of their guards and technicians are also residing

outside the province of Cavite. Based on the study made by Cargullo in

2013, the problems encountered by most firms in PEZA are tardiness,

absenteeism and poor performance. Such situations are further aggravated

by poor coordination between the firms and the agency’s management.

The exigency of firms longing for a security agency, janitorial agency

and manpower agency that can correct the disadvantageous situation and

capable of providing competent, professional and reasonably priced

Manpower services, is the paramount reason why this project is being

proposed.
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If this project will be pushed through, it shall offer the manpower

services of security guards, janitors and aircon technicians.

II. COMPANY SUMMARY

The proposed business shall be registered as SUPER MANpower

Agency. The name is reflective of the quality security, janitorial and aircon

maintenance services that will be offered; competent, professional and

reasonably priced. The manpower skills and work attitudes are guaranteed

to be the finest in the industry which is the main selling point of the firm.

It is a recruitment and placement agency which hires security guards,

janitors and aircon technicians for a certain client company based in PEZA,

Rosario, Cavite. The business’ mission is to provide excellent manpower

services by maintaining professionalism, efficiency and integrity.

Unlike other agencies, the firm has continuous monitoring and

performance evaluation on the active service guards, janitors and aircon

technicians. Continuous training and upgrading of guards will be done on a

quarterly basis and aircon technicians will be monitored every six months in

order to maintain the quality services provided by this agency. Aside from

the monthly salary, the agency will also provide benefits and incentives to

its security guards, janitors and aircon technicians. The agency will also
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provide replacements of security guards, janitors and even aircon

technicians immediately as the need arises.

To ensure convenience, easy access to target market and close

monitoring, the office of SUPER MANpower Agency will be located at

Room 5, Delfino Building, Bacao Extension, Gen.Trias, Cavite, three blocks

from King Bee Restaurant (See Exhibit I).

The office will be open from Monday to Friday, 8:00 am to 5:00 pm

and if the business succeeds, an expansion will be done in Gen. Trias,

Cavite in order to target Gateway Business Park.

III. TYPE OF BUSINESS ORGANIZATION

The form of business organization that will be adopted is sole

proprietorship. The limited capital investment of one million pesos

(Php1,000,000) is one of the main reasons in arriving to this decision. The

other reasons why the proponent chooses this form of business

organization are:

 Exclusive ownership would not only mean enjoying all the profits of

the business but also, total control in managing the activities of the

firm.
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 Conflicts and disagreement on what management techniques or

styles to be practiced will be eliminated thus ensuring quick resolution

of problems that may beset the firm.

 Flexibility in decision-making. Increasing and decreasing of capital

can be immediately completed for it is only the owner who will decide

and raise or take out capital to and from the firm.

 The relatively limited capital classifies the project as a small business

thus making it best suited to the sole proprietorship form.

 Tax leniency on this form will likewise be enjoyed by the firm for the

net taxable income is not more than five hundred thousand pesos

(Php500,000) which is lower compared with corporation or

partnership forms.

 Ease in complying with government regulations. There are only few

permits and certificates of registration to accomplish in order to start

the operation.
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IV. PERSONNEL ASPECTS

The educational attainment, depending on the positions applied for;

bearing and personality will play major considerations on the choice of the

personnel that will handle different aspects of the firm’s operations. Great

emphasis must be given to their duties and responsibilities.

Effective and efficient management can best be gauged with the

cohesiveness, coordination and good relationships of everyone in the

organization in the achievement of its goal. Hiring the best employees is

cost effective because it decreases training cost.

The business will have the following for its personnel: Operations

Manager, Secretary/Bookkeeper, Head Guard, Security Guards, Head

Utility Personnel, Janitors and Aircon Technicians.

These personnel particularly for security guards, janitors and aircon

technicians will be recruited from places near and very accessible to PEZA,

Rosario, Cavite. Statistics about employment reveals that there are

abundant supplies of these positions in Cavite area especially for a work

that does not require high educational levels or college degrees.

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A. QUALIFICATIONS OF THE PERSONNEL

Operations Manager

 Must be a graduate of a four-year course in Business Administration

 Must have a license from PADPAO (Philippine Association of

Detective and Protective Agency Operators Inc.)

 Must possess at least three (3) years management experience

 With pleasing personality and with good interpersonal skills

 Must not be more than 45 years old

 With good written and oral communication skills

 Aggressive, hardworking and results oriented

 A resident of Cavite province

Secretary/Bookkeeper

 Must be graduate of a four-year course in Business Administration;

preferably major in Management Accounting

 Must not be more than 30 years old

 Systems oriented and can work with minimum supervision

 Must have at least one year work experience as Secretary or

Bookkeeper or in any related positions

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 Must be dependable, hardworking and trustworthy

 Must possess good public relations

 Preferably female

Head Guards

 Must be at least with two years college education

 With license from PADPAO

 Male or Female

 With at least two years work experience as Head Guard

 Must have a knowledge and can comply with the basic security post

reports and requirements

 Must possess good communication skills

Head Utility Personnel

 Must be at least high school graduates

 Male or Female

 With good health conditions

 With at least one year work experience as Head Utility Personnel

 Can effectively communicate with janitors

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Security Guards

 Male or Female, with pleasing personality

 Must be licensed security guards

 At least high school graduates

 Must not be more than 40 years old

 Must have at least a height of 5”2 for female and 5”6 for male

 Must be medium built

 Can communicate well to different types of people

 Must be courteous and responsible

 Must be honest

 Must be psychologically and physically fit to perform his function

Janitors

 Must be at least high school graduates

 Preferably male

 Must be honest

 Must be neat looking

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 Must be fast workers and cautious with the cleanliness of the

surroundings

Aircon Technicians

 Must possess a TESDA certification for aircon repairs and

maintenance

 With work experience about aircon repairs

 Must be honest

 Must be a fast worker

B. DUTIES AND RESPONSIBILITIES

Operations Manager

 Assumes the over-all responsibility in directing the activities of the

personnel

 Designs and maintains a conducive environment to ensure effective

and efficient performance to achieve the firm’s goals

 Initiates programs to promote services to potential markets

 Designs competitive marketing strategies and analyzes clients’

behavior and rivals activities

 Acts as negotiator and salesman of the firm to interested clients

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 He will also act as the Treasurer or Cashier of the firm

 He shall also act as field inspector to ensure that the personnel

assigned to each company are performing their duties according to

the standards of the firm

 He will also serve as the collector of payments from client –

companies

 He is also the custodian of firearms, and other security equipment,

repair tools and properties of the firm

 He is also in-charge for the training and re-training of security guards

Secretary/Bookkeeper

 Will act as receptionist to visiting clients and guests

 Maintains a complete, accurate and systematic record of the agency

plus its financial transactions

 Responsible in scheduling of appointments of the Operations

Manager

 Prepares payrolls and arrange payments of wages and statements of

clients’ account

 Performs other duties that may be assigned to her by the Operations

Manager
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 Will also act as the Bookkeeper of the company

Head Guards

 He will supervise the activities of detailed security guards in their

areas of responsibility by ensuring compliance of the firm’s policies,

rules and regulations

 He shall render daily written reports to the Operations Manager

concerning activities during the day

 Conducts regular coordination with the Officer-In-Charge of the

guarded establishment for possible reactions and suggestions

 Performs routine counting of guards under them

 Inspects regularly the equipment issued to the guards to ensure its

operational effectiveness

Head Utility Personnel

 He will supervise the activities of assigned janitors in their areas of

responsibility by ensuring compliance of the firm’s policies, rules and

regulations

 He shall also render daily written reports to the Operations Manager

concerning the daily activities of the janitors

 Performs routine counting of janitors under the agency

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 Evaluates the performance of janitors

Security Guards

 Responsible for the protection of the lives of people and properties in

the establishments that they are guarding

 Enforce all policies, rules and regulations of the company to its

employees and visitors and render reports about incidents or

infractions to the Head Guard or to the company OIC for appropriate

action

Janitors

 Strictly maintains the over-all cleanliness of the place where he is

assigned

Aircon Technicians

 Must provide effective service to the assigned company/ies

 Reports to the management the needed supplies or materials for

aircon repair
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EVALUATION AND SELECTION PROCEDURES FOR SECURITY

GUARDS, JANITORS AND AIRCON TECHNICIANS

Once the applicant was carefully screened according to qualifications,

it is time to establish series of procedures in order to determine the best

people among the selected aspirants.

1. Orientation for Selected Workers

Once the potential applicants were already selected, they should go for

an orientation that will be provided by the Operations Manager to

Security Guards, Janitors and Aircon Technicians to make sure that they

understand their duties and responsibilities.

2. Necessary Training Particularly for Security Guards and Aircon

Technicians

The chosen personnel will then go for successive trainings in order to

determine the quality service that they will provide to the assigned

company; 2 weeks for security guards and 1 week for aircon technicians

(Janitors will no longer be trained but proper orientation to them will be

provided by the Operations Manager).

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3. Distribution of Security Guards, Janitors and Aircon Technicians to

Respective Companies

After determining the most qualified, it is time to distribute them into their

respective assignments based on the requirements of the client

company.

4. Performance Evaluation

A quarterly performance evaluation will be done in order to determine if

the guards, janitors and aircon technicians really perform their duties

effectively. The result of the evaluation will be used whether he or she

will be retrained, needs re-training or it could be end of service.

V. MARKET ANALYSIS

Most entrepreneurs believed that the success of the company lies on

its marketing activities. This aspect of the business identifies the need for

the goods or services, communicates its benefits and distributes it to the

proper market at the right time with the right price. It involves series of

actions that lead to the satisfaction of customer needs and the firm’s goals.

Manpower services belong to an industry that offers potential

opportunities for those that can provide quality service to target institutions
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or companies. This was echoed by most officials of establishments in the

economic zone area in Rosario, Cavite. The growing demand for these

services has created haste in acquiring additional personnel to cope up

with such need but the result, as observed, is substandard service.

Marketing is not a process to achieve temporary success. It is to ensure

continuous patronage of the clients to the services offered.

The study will focus on the different aspects in determining the

market potential for manpower services. These are the following:

1. The size, nature and growth of the total demand for the service;

2. The description and prices of the services to be offered;

3. The supply situation and the nature of competition;

4. The different factors affecting the market; and

5. The appropriate marketing program for these services.

DEMAND ANALYSIS

The Cavite Economic Zone Area located in the municipality of

Rosario and more commonly known in the province of Cavite as EPZA,

housed two hundred fifteen (215) different manufacturing plants (as of 2017

figures). Though the demand for guards, janitors and aircon technicians in

the area is big, some of these firms have yet to hire manpower service
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provided by these existing agencies. Demand for competent, professional

and reasonably priced manpower services has been the growing clamor of

most of the officials of these establishments.

TABLE 1
Estimated Average Demand

Total No. of Regular No. Regular No. Regular No. of Estimated

Establishments in of Security of Janitors Aircon Average
PEZA Guards Per Company Technicians Demand
Needed by Per Company
the Company
215 9 (3 guards 6 (1 shift 1 (reporting 3,440
for every only) = once a week
shift) = 1,290 only) = 215
1,935

Table 1 shows that the regular number of guards per company is nine,

three (3) for every shift; 6 janitors per company and 1 for aircon technician.

The figures were provided by the company administrator during the

interviews conducted by the researcher.

SUPPLY ANALYSIS

There are only ten (10) known agencies based in the province of

Cavite as shown in Table 2, the rest are holding offices in Metropolitan

Manila areas. The so-called proximity factor is the principal cause why

performance of security guards, janitors and aircon technicians of Manila-

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based agencies is poor. They are usually residing in Metro Manila or

nearby provinces. Travelling from their residence to their place of work is

exhaustive and time consuming because of the usual monstrous traffic

congestion they have to pass-by regularly. It is therefore expected in this

kind of situation that their jobs will become a place to rest and recover, to

the detriment of the company.

TABLE 2
Present Security, Janitorial and Manpower Agencies near PEZA

SECURITY AGENCIES LOCATION

Aim High Security Agency Rosario
Aguilahas Security Agency Tanza
King JR Security Agency Cavite City
Queen Bee Security Agency Noveleta
Tigon Security Agency Bacoor
JANITORIAL AGENCIES LOCATION
Martinez Janitorial Agency Rosario
Clean-Up Janitorial Agency Tanza
MORI Janitorial Agency Gen. Trias
Baisa’s Janitorial Agency Bacoor
MANPOWER SERVICES (for
Aircon Technician)
Gen. Trias
Janet Enriquez Manpower Agency

Table 2 presents the existing competitors in Rosario, Tanza, Cavite City,

Noveleta, Bacoor and Gen. Trias. There are 5 security agencies, 4 janitorial

agencies and 1 for aircon technician.

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TABLE 3
Supply of Security Agencies in PEZA
(as of 2017)

Total No. of Business No. of Guards Per Total No. of

Establishments Company Guards
Supplied by
the Agencies
215 9 1,449

Table 3 shows that out of the 215 establishments in the economic zone,

only 75% or 161 of it has acquired the services of security agencies or

firms. The remaining 54 or 25% of companies are planning to acquire the

services of new security agencies. According to those interviewed, not

because of financial incapacity to avail of such services, but mainly due to

bad experiences with the security agencies they had contacted or work with

before.

TABLE 4
Existing Supply of Janitorial Agencies in PEZA

Total No. of No. of Total No. of

Business Janitors Per Janitors
Establishments Company Supplied by
the Agencies
215 6 774
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Table 4 shows that an average of 6 janitors per company is hired on a one-

shift daily; conducting their services on an eight-hour a day basis. 60% of

these are supplied by different janitorial agencies while the remaining 40%

is hired by the respective companies. The basis of the percentage was

provided by the 4 janitorial agencies in Cavite province.

TABLE 5
Existing Supply of Aircon Technicians in PEZA

Total No. of No. of Aircon Total No. of

Business Technicians Aircon
Establishments Per Company Technicians
Supplied by
the Agency
215 1 21

Based on the data presented on the above table, there is a limited number

of aircon technicians that can be supplied by a Manpower Agency in PEZA,

there is a possibility that the remaining 194 companies are still in need of

the services of aircon technicians.

TABLE 6
Potential Market Shifters
(From the Over-all Existing Supply)

Total No. of Total No. of Total No. of Total No. of Over-all

Business Guards Janitors Aircon Existing
Establishment Supplied by Supplied Technicians Supply
s in PEZA the Agencies Supplied
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215 1,449 (75%) 774 (60%) 21 (10%) 2,244

Table 6 presents the over-all supply of security guards, janitors and aircon

technicians provided by different agencies to 215 business establishments

in PEZA. 1,449 guards or 75% are supplied by the present security

agencies (as presented in Table 3); 774 or 60% for janitors (Table 4) and

21 or 10% for aircon technicians (Table 5).

DEMAND AND SUPPLY ANALYSIS

The demand-supply analysis ensures that the proposed project is still

needed to fill that gap and can answer to the needs of the potential market

or companies in PEZA.

TABLE 7
Projected Unfilled Demand
(2018)

PROJECTED DEMAND EXISTING SUPPLY PROJECTED UNFILLED

DEMAND (25% market
shifters)
3,440 2,244 1,196

The number of firms located in PEZA, Rosario, Cavite when multiplied to

the number of regular guards, janitors and aircon technicians needed and

that must be maintained by a company, would generate not only 551 new
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employment opportunities but also contribute in improving the society’s

well-being. This best described the unfilled demand for this kind of

services. The itemized existing supply of the competitors was presented in

Table 6.

TABLE 8
Projected Cumulative Market Share

YEAR Incremental Projected

Market Share Cumulative Market
Share
2018 25% 299
2019 35% 389
2020 15% 483

SUPER MANpower Agency will have no difficulty in acquiring its security

guards, janitors and aircon technicians. From the incremental market share

of 25% in 2018 (as presented in Table 7), 299 will be the projected

cumulative market share; 35% or 389 for 2019 and 15% or 483 for 2020.

TABLE 8.1
Projected Cumulative Market Share
(For Security Guards)

YEAR Total Projected % of Market Share Projected

Market Share for Security Cumulative Market
Guards Share
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2018 299 50% 150

2019 389 50% 195
2020 483 50% 242

TABLE 8.2
Projected Cumulative Market Share
(For Janitors)

YEAR Total Projected % of Market Share Projected

Market Share for Janitors Cumulative Market
Share
2018 299 40% 120
2019 389 40% 155
2020 483 40% 193

TABLE 8.3
Projected Cumulative Market Share
(For Aircon Technicians)

YEAR Total Projected % of Market Share Projected

Market Share for Aircon Cumulative Market
Technicians Share
2018 299 10% 30
2019 389 10% 39
2020 483 10% 48

Tables 8.1 to 8.3 shows the breakdown of percentages of projected

cumulative market share for the three services (50% for security guards,

40% for janitors and 10% for aircon technicians).

TABLE 8.4
Summary of Projected Cumulative Market Share
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YEAR Market Market Market Projected

Share for Share for Share for Cumulative
Security Janitors Aircon Market
Guards Technicians Share
2018 150 120 30 300
2019 195 155 39 389
2020 242 193 48 483

The above table shows the summary of projected cumulative market share

for the three manpower services.

VII. PRICE STUDY

Price represents the exchange value of the good or service. The

willingness of both the buyer and seller to exchange depends on the value

attach to the service offered. It is derived from utility – the ability to satisfy.

The project aims to offer affordable and reasonable rate without sacrificing

the quality of service.

The regular 8 hours daily work is to ensure efficiency and

effectiveness of the guards, janitors and aircon technicians. Likewise, the

contract rate price of services per security, per janitorial and per manpower

agencies based in Cavite is shown in Table 9.

TABLE 9
CONTRACT RATE
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SECURITY AGENCIES Contract Rate (Per 8 Hours)

1. Aim High Security Agency Php 16,000
2. Aguilihas Security Agency Php 15,000
3. Queen Bee Security Agency Php 15,000
4. King JR Security Agency Php 15,000
5. Tigon Security Agency Php 16,000
JANITORIAL AGENCIES Contract Rate (Per 8 Hours)
1. Martinez Janitorial Agency Php 9,000
2. Clean-Up Janitorial Agency Php 8,000
3. MORI Janitorial Agency Php 8,000
4. Baisa’s Janitorial Agency Php 9,000
Manpower Services for Aircon Contract Rate (Per 8 Hours)
Technicians
Janet Enriquez Manpower Services Php 16,000

TABLE 10
SUPER MANpower Agency Contract Rate

Manpower Services Contract Rate

Security Guards Php 15,000
Janitors Php 9,000
Aircon Technicians Php 15,000

 Contract Rate for SUPER MANpower Agency as presented in Table

10 is for 8 hours of work including Sundays.

BREAKDOWN OF CONTRACT RATE FOR SECURITY GUARDS and

AIRCON TECHNICIANS
(Eight-Hour Work)

Directly to Guard and Aircon Technician:

Average Monthly Salary P10,100
P 315 x 25 regular days = P 8,200
P 315 x 4 Sundays x 1.5 = P 1,900
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SSS, PhilHealth, Pag-Ibig Contributions

and 13th Month Pay 1,400
Total directly to Guard and Aircon Technician P 11,500
Administrative Overhead & Margin 3,500
TOTAL P15,000

BREAKDOWN OF CONTRACT RATE FOR JANITORS

(For 8 Working Hours)

Directly to Janitor:
Average Monthly Salary P6,000
SSS, PhilHealth, Pag-Ibig Contributions
And 13th Month Pay 1,000
Total Directly to Janitor P7,000
Administrative Overhead & Margin 2,000
TOTAL P9,000

(The contract rate for security guards, janitors and aircon technicians

is based from the existing competitors).

VIII. MACHINERIES, EQUIPMENT AND TOOLS

The proposed business will acquire the necessary machineries,

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equipment and tools. These will be acquired with high quality and with

satisfactory specifications and having a total amount of P 48,000.00

NAME UNIT PRICE QUANTITY TOTAL PRICE

Computer & P 15,000 1 set P 15,000
Printer
Office Chairs & P 500 – chair 12 P 6,000
Tables P2,000 - table 3 P 6,000

Airconditioning P12,000 1 P 12,000

Unit
Tools for Aircon P 3,000 1 complete set P 3,000
Technicians
Filing Cabinet P 3,000 1 P 3,000
Manager’s Table P 3,000 1 P 3,000
& Chair
Vault P12,000 1 P12,000
Firearms P200,000 1 complete set P200,000

IX. FACTORS AFFECTING THE MARKET

The increasing number of manufacturing plants requiring security,

janitorial and aircon maintenance services has generated insignificant

effects to the province mainly due to the fact that workers are from outside

places. There are certain factors affecting the market that may adversely

affects activities, but if, predicted or anticipated early, reduction to it can

also be prepared and these are the following:

 Competition
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Competition in every type of business could not be avoided

particularly nowadays in which investors would want their money

back immediately. It is necessary that you know who your

competitors are in order to match your services with them or even

offer better services to get more clients.

 Limited Number of Trained Manpower

The limited number of trained manpower particularly for security

guards can hinder the growth of the agency; with this problem the

firm must see to it that only qualified manpower (both effective and

efficient) will be assigned to companies.

 Location suitability

The distance of the provider of services to the client-company can

also lead to another problem because there is a possibility that these

clients may transfer to other agencies. To solve this problem, SUPER

MANpower Agency was able to get an office space which is very

accessible to the target market which is PEZA, Rosario.

 Economic Stability
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It is necessary to determine if these companies in PEZA are still

willing to get the services of a manpower agency. If the income of the

companies is not stable, there will also be a low demand for the

service.

X. MARKETING PROGRAM

The services that SUPER MANpower Agency will offer to companies

in PEZA will surely have the strength of the need for competent,

professional and reasonably priced security and clean atmosphere to the

business. These services of a manpower agency through its marketing

program can persuade and influence the clients to appreciate its benefits

which can lead to the agency’s competitive advantage.

To create awareness to the target clients or companies in PEZA

about the services to be offered by the agency, the following are the

marketing strategies that will be undertaken to generate patronage from

target markets:
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1. Request for an appointment and conduct visitations to top

company officials to personally promote the special security,

janitorial and aircon maintenance services and its coverage.

2. Participate in a bidding process which is done by different security,

janitorial and manpower agencies.

3. Attend and participate in the economic zone business meetings to

take advantage of the opportunity to meet officials of business

firms and promote the manpower services that will be provided.

4. Display of informative and colorful streamers on strategic places

within the economic zone to generate awareness.

XI. FINANCIAL ASPECT

This aspect will provide a thorough discussion of the projected over-

all financial condition of the project to determine if the proposed business

will be viable and profitable.

The study will focus on the following major concerns:

 Total project cost

 Initial working capital requirements

 Source of financing

 Financial statements and analysis

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 Major assumptions

The total project cost is P1,000,000 which was the initial investment of the

proprietor. However, the working capital of the project requires an amount

of P500,000 which will cover for one month salaries of personnel still

receivable from clients.

Major assumptions

1. Salaries payable represents one month accrued salaries payable on

the following month to the personnel.

2. Accounts Receivables represents receivables from clients billed on

the following month after the cut off period which is the end of the

month.

3. Prepaid rent represents one month advance rental and 3 months

rental deposit.

4. Depreciable assets have an estimated economic useful life of 3 to 5

years. Straight line method of depreciation was used.

5. Salaries and fringe benefits given to guards, janitors and air condition

technicians are part of the contract price.

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6. Administrative fee per guard and per air condition technician per

month is P3,500.

7. Administrative fee per janitor per month is P2,000.

The total project cost will be sourced entirely from equity investments of the

owner. Borrowed equity from bank loans will be utilized to finance

expansions after the first three years of operations.

SUPER MANpower Agency

Income Statement
for the 3-year ended December 31, 2020
2018 2019 2020
Contractual Revenues 3,780,000.0 4,905,000.0 6,087,000.0
0 0 0
Less: Expenses
Organization Cost 20,000.0 - -
0
Direct Labor 2,910,000.0 3,776,000.0 4,686,000.0
0 0 0
Salaries 234,000.0 234,000.0 234,000.0
0 0 0
Benefits 16,380.0 16,380.0 16,380.0
0 0 0
Rent 36,000.0 36,000.0 36,000.0
0 0 0
Utilities 48,000.0 48,000.0 48,000.0
0 0 0
Trainings & Development 45,000.0 36,000.0 21,600.0
0 0 0
Depreciation 10,000.0 10,000.0 10,000.0
0 0 0
Total Expenses 3,319,380.00 4,156,380.00 5,051,980.00
Net Income 460,620.00 748,620.00 1,035,020.00

SUPER MANpower Agency

Statement of Changes in Equity

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for the 3-year ended December

31, 2020

2018 2019 2020

Capital Beginning - 1,460,620.00 1,709,240.00

Investment of Owner 1,000,000.00

Withdrawal by owner (500,000.00) (300,000.00)

Less Net Income 460,620.00 748,620.00 1,035,020.00

Capital End 1,460,620.00 1,709,240.00 2,444,260.00

SUPER MANpower Agency

Statement of Financial Position
for the 3-year ended December 31,
2020
2018 2019 2020
ASSETS
CURRENT ASSETS
Cash in Bank 1,968,620.00 2,392,490.0 3,311,010.0
0 0
Accounts Receivables 315,000.00 408,750.00 507,250.00
Prepaid Rent 9,000.00 9,000.00 9,000.00
Total Current Assets 2,292,620.00 2,810,240.00 3,827,260.00

LONG TERM ASSETS

Equipment (Net) 38,000.00 28,000. 18,000.0
00 0

TOTAL ASSETS 2,330,620.00 2,838,240.00 3,845,260.00

LIABILITIES
CURRENT LIABILITIES
Salaries Payable 870,000.00 1,129,000.00 1,401,000.00
OWNER'S EQUITY
Owner's Capital 1,460,620.00 1,709,240.00 2,444,260.00

TOTAL LIABILITIES & EQUITY 2,330,620.00 2,838,240.00 3,845,260.00

SUPER MANpower Agency

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Cash Flow Statement

for the 3-year ended December 31,
2020
2018 2019 2020
Cash Inflow from Operations
Collection from Customers 3,465,000.00 4,811,250.00 5,988,500.00
Cash Outflow from Operations

Cash Outflow from Operating Expenses (2,448,380.00) (3,887,380.00) (4,769,980.00)

Net Cash Inflow from Operations 1,016,620.00 923,870.00 1,218,520.00

Cash Outflow from Investing Activities

Cash Outflow from Purchase of
Equipments (48,000.00) - -

Cash Inflow from Financing Activities

Owner's Withdrawal (500,000.00) (300,000.00)

Investment by Owner 1,000,000.00    

Net Cash Inflow from Financing Activities 1,000,000.00 (500,000.00) (300,000.00)

Net Cash Inflow 1,968,620.00 423,870.00 918,520.00

Add Prior Year's Cash Balance   1,968,620.00 2,392,490.00
Ending Cash Balance 1,968,620.00 2,392,490.00 3,311,010.00

Schedule 1 2018 2019 2020

Cash Outflow from Operating Activities      

Organization Cost 20,000.00 - -

Direct Labor 2,040,000.00 3,517,000.00 4,414,000.00

Salaries 234,000.00 234,000.00 234,000.00

Benefits 16,380.00 16,380.00 16,380.00

45,000.0 36,000.0 36,000.0
Rent 0 0 0

Utilities 48,000.00 48,000.00 48,000.00

Trainings & Development 45,000.00 36,000.00 21,600.00

Total 2,448,380.00 3,887,380.00 4,769,980.00

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Schedule 2 2018 2019 2020

Revenues Qt Price Amount Qt Price Amount Qt Price Amount
y y y
Security 15 19 24
Services 0 15,000.0 2,250,000.00 5 15,000.0 2,925,000.00 2 15,000.0
0 0 0 3,630,000.00
Janitorial 12 15 19
Services 0 9,000.00 1,080,000.00 5 9,000.00 1,395,000.00 3 9,000.00 1,737,000.00
Aircon Tech 30 39 48
Services 15,000.0 450,000.00 15,000.0 585,000.00 15,000.0
0 0 0 720,000.00
Total
Revenue     3,780,000.00     4,905,000.00     6,087,000.00

Schedule 3 2018 2019 2020

Salary Qt Price Amount Qt Price Amount Qt Price Amount
Expense y y y
Security 15 19 24
Services 0 11,500.0 1,725,000.00 5 11,500.0 2,242,500.00 2 11,500.0
0 0 0 2,783,000.00
Janitorial 12 15 19
Services 0 7,000.00 840,000.00 5 7,000.00 1,085,000.00 3 7,000.00 1,351,000.00
Aircon Tech 30 39 48
Services 11,500.0 345,000.00 11,500.0 448,500.00 11,500.0
0 0 0 552,000.00
Total Salary
    2,910,000.00     3,776,000.00     4,686,000.00

Schedule 4 Depreciation Expenses      

Name of Tools/Equipment Useful
Cost Life Depreciation

Computer & Printer 15,000.00 5 3,000.00

Office Chairs & Tables 12,000.00 5 2,400.00

Airconditioning Unit 12,000.00 5 2,400.00

Tools for Aircon Technicians 3,000.00 3 1,000.00

Filing Cabinet 3,000.00 5 600.00

Manager’s Table & Chair 3,000.00 5 600.00

Total
48,000.00   10,000.00