Professional Documents
Culture Documents
ADAR Manufacturing
ADAR Manufacturing
Table of Contents
CHAPTER 1: SUMMARY OF THE STUDY..............................................................................1
NAME OF THE FIRM...................................................................................................................1
MISSION..................................................................................................................................1
VISION.................................................................................................................................... 1
LOCATION............................................................................................................................... 2
BRIEF DESCRIPTION OF THE STUDY...................................................................................3
OBJECTIVES OF THE STUDY:....................................................................................................3
PROJECT SUMMARY MARKET FEASIBILITY.......................................................................4
MANAGEMENT FEASIBILITY...................................................................................................... 4
TECHNICAL FEASIBILITY.......................................................................................................... 5
FINANCIAL FEASIBILITY........................................................................................................... 5
SOCIO-ECONOMIC FEASIBILITY................................................................................................ 6
CHAPTER 2: BACKGROUND OF THE STUDY.......................................................................7
OBJECTIVES OF THE STUDY:................................................................................................... 8
MARKETING ASPECT............................................................................................................... 8
TECHNICAL ASPECT................................................................................................................ 8
MANAGEMENT ASPECT............................................................................................................9
FINANCIAL ASPECT................................................................................................................. 9
SOCIO-ECONOMIC ASPECT......................................................................................................9
DEFINITION OF TERMS.........................................................................................................10
SCOPE AND LIMITATION OF THE STUDY...........................................................................10
CHAPTER 3: MARKETING STUDY........................................................................................11
INDUSTRIAL PROFILE AND HISTORY....................................................................................... 11
OBJECTIVES OF THE STUDY:................................................................................................. 13
METHODOLOGY.....................................................................................................................13
RESEARCH INSTRUMENT.....................................................................................................13
SAMPLE SIZE..........................................................................................................................14
POPULATION..........................................................................................................................14
SURVEY RESULTS:................................................................................................................16
DEMAND..................................................................................................................................26
ANNUAL DEMAND FOR THE PAST YEAR.................................................................................26
PROJECTED DEMAND...........................................................................................................27
SUPPLY...................................................................................................................................28
PROJECTED SUPPLY............................................................................................................29
DEMAND AND SUPPLY GAP ANALYSIS.............................................................................31
PHILHEALTH...........................................................................................................................85
PAG-IBIG/HDMF.................................................................................................................86
PATERNITY LEAVE................................................................................................................. 86
SOLO PARENT LEAVE........................................................................................................... 86
LEGAL REQUIREMENTS.......................................................................................................87
CHAPTER 6: FINANCIAL STUDY..........................................................................................89
OBJECTIVES OF THE STUDY:..............................................................................................89
MAJOR FINANCIAL ASSUMPTIONS..........................................................................................90
PROJECT COST.....................................................................................................................91
SOURCE OF FINANCING......................................................................................................... 91
RAW MATERIALS INVENTORY.................................................................................................92
ACCOUNTS RECEIVABLE........................................................................................................92
SUPPLIES EXPENSE...............................................................................................................93
PROPERTY, PLANT, AND EQUIPMENT..................................................................................... 94
ACCOUNTS PAYABLE............................................................................................................ 94
SALES................................................................................................................................ 95
RAW MATERIALS USED......................................................................................................... 95
DIRECT LABOR COST............................................................................................................ 95
STATEMENT OF COST OF GOODS MANUFACTURED.................................................................96
STATEMENT OF COST OF SALES............................................................................................96
SALARIES AND WAGES..........................................................................................................97
UTILITIES EXPENSE............................................................................................................... 97
DEPRECIATION...................................................................................................................... 97
REPAIR AND MAINTENANCE...................................................................................................98
INCOME STATEMENT..............................................................................................................98
STATEMENT OF CHANGES IN EQUITY..................................................................................... 99
STATEMENT OF FINANCIAL POSITION...................................................................................100
STATEMENT OF CASH FLOWS..............................................................................................101
PRODUCT COSTING............................................................................................................. 102
CHAPTER 7: SOCIO-ECONOMIC STUDY...........................................................................103
OBJECTIVES OF THE STUDY:............................................................................................... 103
CONTRIBUTION TO THE PHILIPPINE ECONOMY......................................................................103
EMPLOYMENT GENERATION.................................................................................................104
SOCIAL DESIRABILITY..........................................................................................................104
PEOPLE.............................................................................................................................. 104
manufacturing a highly innovative and quality griller and stove in one. The name of the
company was derived from the proponents’ surnames first letter, "A" stands for Alcaraz,
"D" for Del Castillo, “A” for Alviar, and "R" for Robis.
Mission
competitive price that can provide benefit to customers and to strive with utmost integrity
Vision
Location
The company covers an area of 1,224 square meters which is located at WH6
Zara Compound, Magsaysay Road, Brgy. San Antonio, San Pedro City, Laguna. The
site of the company was selected due to its geographical location and its accessibility to
1. In terms of delivering raw materials and other supplies, the location has a wide road
2. The location is close to a major road or highway. In that regard, it is well connected
to other municipalities such as Binan, Muntinlupa, and Sta. Rosa City, as well as other
nearby cities;
distributors, which include Shopwise Pacita, Savemore San Pedro, and Robinsons South
Galleria.
The grill is usually used by Filipinos when someone wants to cook with charcoal, it is
an extra tool or equipment when there is no use for cooking with gas. The grill is usually
big, heavy and can't be carried anywhere to be used wherever you want and there are also
those who just make their own grill or DIY grill. The foldable grillers with stove or further
improved and made grilling easier. It has three types of cooking that use charcoal, the first
has a stove that can be cooked using pots, pans and others commonly used in ordinary
cooking. Second is the Korean grill. Filipinos now love the style of grilling of Koreans. It is
called samgyupsal.
This grill pan is used to cook small meats while eating. The third is the traditional grill,
ordinary grilling of the Filipinos. Each grill is a type of box measuring 17 inches long and 12
inches wide and 5 inches high. It also has a box inside that will hold charcoal and another
box that will drop the ashes from the charcoal. When it comes to the back of the box, it has
railings for air to enter and not to lose the burning charcoal. The foldable grillers with stove
are all made of stainless steel to prevent rusting because it is about food the cooking needs
to be clean. This product is made for people who love grilling and samgyupsal that can be
taken anywhere. It is small, folding and easy to carry and it also does not take up space in
The objective of this study is to determine and identify the feasibility of Foldable
Grillers with Stove and further recommend the product for commercial use. There are
generally five (5) major components of this study, namely: Marketing, Technical,
Project
Summary
Market
Feasibility
The market feasibility describes the current and future potential competitors, sales,
current and prospective buyers. This is an important aspect to identify whether there is
Based on the survey conducted by the researchers, ordinary griller and electric griller
are considered as the nearest competitors of the foldable grillers with stove. According to
the researchers' survey, the traditional griller is the closest competitor to the Foldable
Griller with Stove. Foldable Griller with Stove has a market acceptability of 34.1 %, which
means that 136 out of 398 respondents are willing to buy it. Due to the high demand for
Management Feasibility
business. The right business form is decided by this characteristic, which the researchers
San Pedro City, Laguna, the company will establish a legal corporation to recruit and train
company are shared among the partners. Each of the four (4) partners chose to split the
start-up funds evenly between them. To meet the company's needs, the corporation formed
Employees will run the company and work Monday through Friday from 8:00 a.m. to 5:00
p.m. In addition, the company must comply with all local and regulatory regulations.
Technical Feasibility
such as Laser Cutting Machine, Bending Machine, Welding Machine, Grinder Machine are
essential to manufacture the foldable grillers with stove and its mechanisms.
The base of the proposed product is made up of stainless metal sheet, most of the
components of the product are made up of stainless metal sheet that will avoid the
product from rusting and maintain the durability and quality over the years.
Financial Feasibility
ADAR Manufacturing must have strong financial backing and be able to finance its
operations at a fair cost. Because the four (4) partners will each contribute 25%, they may
The researchers determine the financial needs of the company by determining the
required starting capital, determining the cost and values of manufacturing the product and
running the business, and examining the capabilities and potential of the company.
evaluation of the return on invested capital. These calculations are based on marketing,
Financial reports such as an income statement, a balance sheet, and a cash flow statement
Socio-Economic Feasibility
the local community by giving financial assistance for unemployed individuals to find work. In
addition, the corporation will assist the government by paying annual taxes for government
finances.
Grilling is a form of cooking that involves dry heat applied to the surface of the food.
Grilling usually involves a significant amount of direct heat and operates with the use of
charcoal. People use griller in various gatherings like a family reunion, outing, camping, and
other activities. Nowadays, a lot of people are patronizing grilled foods, particularly Korean
grill foods. This griller is commonly used for those people who like grilling foods wherever you
go. This foldable griller is installed with a stove, Korean grill, and traditional grill, which
operate with charcoal. The product can perform various functions at the same time as a high
possibility. We have presented the design of a foldable grillers with stove in several ways to
be effectively adopted.
In addition, the foldable grillers with stove have drawers for charcoal in each
griller and stove. It is a foldable product where customers can quickly transfer
and move wherever they want. It also has supporting stands to elevate the
product from the ground and a ventilation grill at the back of the drawers that
the smoke can quickly come out. The product used to create with high ease and
expensive. The requirement for developing the portable griller and stove is vital
in using basic tools to perform more. This product can help reduce costs and
The main objective of the study is to determine the feasibility of manufacturing the
Grove in the city of San Pedro, Laguna in terms of Marketing, Technical, Management,
Marketing Aspect
To identify and forecast the present and future demand of the product
Technical Aspect
To measure and calculate the overall cost and price of the materials, equipment, and
To determine the required capacity, production schedule, number of shifts per day,
To plan the company's location along with the layout of the facility.
Management Aspect
To improve worker production efficiency while complying to the company's rules and
regulations
Financial Aspect
To figure out how much capital you'll need to launch your new business.
To determine the costs and values associated with manufacturing the product and
profitability.
Socio-Economic Aspect
To offer consumers with a functional design that will allow them to get the most out of
the product.
Definition of Terms
Bolt – A bolt is a long metal object which screws into a nut and is used to fasten things
together.
Korean pan – It is a type of grill pan originated at Korean which is non-greasy and suitable
Latches Lock – A latch is a lock on a door which locks automatically when you shut the
door, so that you need a key in order to open it from the outside.
Loose Pin Hinger – A loose pin butt hinge is a door hinge that has a center pin that can
Metal sheet – Sheet metal is metal formed into thin and flat pieces. It is one of the
fundamental forms used in metalworking and can be cut and bent into a variety of different
shapes.
Samgyupsal – is a well-known grilling method in the Korea and eventually Philippines has
patronized this grilling method due to the adaptation of Korean drama, music and culture.
Shafting – Shafting, also known as ‘Turned Ground and polished’ shafting, refers to round
The scope of this study is to determine the feasibility of Foldable Grillers with Stove.
This feasibility study entitled “Manufacturing of Foldable Grillers with Stove” is restricted to
city of San Pedro, Laguna and will be based on market, management, technical, financial
and socio-economic aspect. The proponents have limited its scope to three hundred
ninety-eight (398) respondents from different barangays of the city. The study is
This study analyses the location considering the huge space available for future
expanding and development, with the additional consideration for the relief of the
transportation of materials, products, and employees with regards to travel distance. It is also
easily reached or approached because it is near the residents which can ensure high
demand rate in the company. With this strategy, our company can acquire more profits,
investments, and can be easily advertised to the market that can be used for continuous
improvement of our services and products. For future development, the researchers are
aiming to be the first or pioneering manufacturer of Foldable Griller with Stove which will
The history of grilling begins shortly after the domestication of fire, some 500,000
years ago. The backyard ritual of grilling as we know it, though, is much more recent. Until
well into the 1940s, grilling mostly happened at campsites and picnics.
had grown frustrated with the flat, open brazier-style grills common at the time. Once he
The beginning of grilling can be traced back to the 17 th century when you look at the
Arawak tribe of the Caribbean and South America. These people used sticks to create a
flame over a fire and place the meat on it. They called this method of cooking Barbacoa. This
idea was adopted by conquerors from Spain, who evolved it until the 18 th century when
people in southeastern America took up the idea. Pigs spent hours roasting over a fire, and
various sauces and different types of wood were used to give different flavors to the meat.
Korean BBQ and grill have truly come a long way from its ancient tribal origins to the
point of global popularity that it is enjoying today. Given that Korean BBQ is close to all of our
hearts, we believe that it just proper that we take a look back at how Korean BBQ, or at least
the concept behind it, got introduced to the world. Today’s article will briefly feature the
historical origins of Korean BBQ that you probably haven’t heard before.
quality and innovative equipment designed specifically for grilling is the Foldable Grillers
with Stove. The product can provide benefit to consumers by griller with many functions
such as; traditional griller, Korean griller and stove, it all works through the use of charcoal.
It is a multi-purpose type of griller where all the components can work and use
simultaneously. The Foldable Grillers with Stove is distributed to the nearest supermarkets
and respective malls in San Pedro City, Laguna area. Online platforms are the permanent
advertising of the company will be utilized while flyers will be disseminated in San Pedro
City, Laguna area for the span of one (1) year only. The product is made out of stainless
metal sheet. The Grove has three (3) components (2) grillers and (1) stove and each has
drawers for charcoal. The product has three (3) drawers for charcoal with ash catcher. The
two (2) set of the stand is 8 inches tall that support the product for elevation from the
ground and one (1) oil catcher located under the Korean grill pan.
To identify and forecast the present and future demand of the product
Methodology
The appropriate statistical method was utilized by the researchers to obtain the
relevant data and information for this study on the product’s feasibility. This chapter goes
over what kind of research instrument will be used, who will be the respondents, and where
the study will be done. The target market, product details, pricing, and promotion plan that
The researchers used surveys to collect the information required to finish the study.
The data collected must be appropriate and sufficient to meet the research’s aims. The
questionnaire will include ten (10) questions for the respondents to answer. The collected
Research Instrument
In this study, the researcher’s primary instrument will be a questionnaire. It’s a written
questionnaire in which respondents react to a 10-item one-part question that determines the
consumers’ wants and needs. The survey approach is more convenient and easier to use
than any other method that requires a lot of effort to obtain data.
Sample Size
The respondents are residents of the City of San Pedro, Laguna. The researchers
determined the sample size of the population through Slovin’s formula which is used to
N
Slovin’s Formula n= 2
1+(N e )
where:
N= Population Size
n = Sample Size
e = Margin of Error (5%)
72,776
𝑛=
1 + 72,776(.05)2
72776
𝑛=
1 + (181.94)
72776
𝑛=
182.94
Therefore, there are 398 households that will come from the various barangays of
city of San Pedro, Laguna as the respondents for conducting this study
Population
Based on the data given by the City Planning and Development Coordinating Office
(CPDCO), there are 72,776 households and 326,001 residents residing in the city of San
Pedro, Laguna from different twenty-seven (27) barangays on the year 2020. The
respondents of the study are the three hundred ninety-eight (398) residents of the city
Survey Results:
Usage of Griller
The figure 3 shows that 71.1% (283 out of 398) of the respondents are eating
grilled food and 28.9% (115 out of 398) of the respondents are not eating grilled food.
Type of Griller
The figure 4 shows that 34.1% (136 out of 398) respondents are using standard griller
for grilling. 24.4% (97 out of 398) respondents are using improvised griller. 22.9% (91 out of
398) respondents don’t have griller. 18.6% (74 out of 398) are using electric griller.
The figure 5 shows that 53.2% (212 out of 398) respondents are using griller twice a
month. 39.5% (157 out of 398) respondents are using griller 3 or more times a month. 7.3%
The figure 6 shows that 94.7% (377 out of 398) of respondents are familiar with
Korean grill, 5.3% (21 out of 398) of respondents are not familiar Korean grill.
The figure 7 shows that 39.2 % (156 out of 398) respondents are into all features of
the product. 29.8% (119 out of 398) respondents are into griller. 21.9% (87 out of 398)
respondents are into stove. 9.1% (36 out of 398) respondents are into Korean griller.
The figure 8 shows that 91.7% (365 out of 398) of the respondents are willing to buy
the Foldable Griller with Stove and 8.3% (33 out of 398) of the respondents are not willing.
The figure 9 shows that 48.1% (175 out of 365) of the respondents are considering
the product quality. 22.1% (81 out of 365) of the respondents are considering the
functionality of the product. 15% (55 out of 365) of the respondents are considering the
size/weight of the product and 14.8% (54 out of 365) of the respondents are considering
the conveniency.
The figure 10 shows that 56% (223 out of 398) of the respondents want to
purchase the product on online/social media shops. 32.7% (130 out of 398) of the
respondents are want to purchase the product on malls/supermarket. 11.3% (45 out of
Form of Advertisement
The figure 11 shows that 70.6% (281 out of 398) of the respondents are attracted on
online/social media advertisement. 18.6% (74 out of 398) of the respondents are attracted
on television/radio advertisement. 5.8% (23 out of 398) of the respondents are attracted on
tarpaulin/poster.
The figure 12 shows that 94.2% (375 out of 398) of the respondents are willing to
recommend the Foldable Grillers with Stove and 5.8% (23 out of 398) of the respondents
Demand
Demand is the relationship of the price and quantity. It refers to the quantity of a
product, commodity or service that can afford at specified price. Determining the past and
present demand of the market to a certain product helps in assessing the market
effectivity.
YEA DEMAN
R D
201 9,689
7
201 9,808
8
201 10,00
9 2
202 10,30
0 6
202 10,41
1 1
NO. OF
YEAR PROJECTED CONSUMERS
RESPONDENTS
202 72,776 66,73
1 6
The table above shows the number of projected consumers in San Pedro City,
Laguna. Computation is done based on the respondents who are using griller. 91.7%
Projected Demand
The demand of the product is the customer’s desire and willingness to pay for the
product. Computing the demand is essential for it serves as evidence that the proposed
The table above shows the computed projected demand for the proposed product
within the area of the target market in the succeeding five (5) years from the present year.
This data will be used as basis for identifying the growth of the market.
*Computed Demand
PROJECTED DEMAND = a + bx
(55∗50,216) −
=
(15∗152,590) (5∗152,590) − (15∗50,216)
(5∗55) − (15)2 = (5∗55) − (15)2
(2,761,880) −
=
(2,288,850) =
(762,950) − (753,240)
(275)−(225)
(275)−(225)
=
473,030 =
9,710
50 50
𝒂. = 9,460.60 𝒃 = 194.20
Therefore,
Supply
The quantity of goods and services offered for sale at a particular time or at one piece. It
describes the total amount of a specific good that is available to customer. It also refers to the
amount of product that manufacturers and firms are willing to sell at given price when all
YEA SUPPLY
R
201
2,207
7
201
2,398
8
201
2,501
9
202
2,677
0
202
2,790
1
Projected Supply
The quantity of goods and services offered for sale at a particular time or at one piece.
It describes the total amount of a specific good that is available to customer. It also refers to
the amount of product that manufacturers and firms are willing to sell at given price when all
2026 10 3,526.10
* Computed Supply
(55∗12,573) −
=
(15∗39,164) (5∗39,164) − (15∗12,573)
(5∗55) − (15)2 = (5∗55) − (15)2
(691,515)−(587,460)
= (275)−(225) =
(195,820)−(188,595)
(275)−(225)
=
104,055 =
7,225
50 50
𝒂. = 2,081.10 𝒃 = 144.50
Therefore,
It is essential to identify the gap between the demand and supply of the product in
the market so as to measure the penetrability of ADAR Manufacturing once it enters the
market circulation. This analysis will be used to determine the level of sufficiency of the
Table 7. Gap between the Demand and Supply for the Next Five Years
MARKET
YEAR PROJECTED PROJECTED UNIT GAP SHARE
DEMAND SUPPLY
(35%)
2022 10,625.80 2948.10 7,677.70 2687.20
2023 10,820.00 3092.60 7,727.40 2704.59
2024 11,014.20 3237.10 7,777.10 2721.99
2025 11,208.40 3381.60 7,826.80 2739.38
2026 11,402.60 3,526.10 7,876.50 2756.78
The market share of the company is 35% which is from the existing competition in
the market. To get the unit price, 4.5%, a new rebased series of Philippine Inflation Rate
as of April 2021 is used. ADAR’s projected sales and unit price are determined below:
MARKET PROJECTE
YEA GA % UNIT
SHARE D
R P PRICE
(35%) SALES
2,687.20 ₱2,915.81 ₱7,835,362.4
2022 7,677.70 5
2,704.59 ₱3,047.03 ₱8,240,956.7
2023 7,727.40 8
2,721.99 ₱3,184.14 ₱8,667,187.9
2024 7,777.10 9
The marketing strategy will help to define the overall direction and goals of the
marketing study. This strategy will identify how the product should be delivered to satisfy
the customers. The marketing program is consisted of four (4) P's - product, pricing,
ADAR Manufacturing strives to build a great company image that will lead to client
satisfaction and positive feedback. This includes reasonable pricing, a good promotional
and placement strategy that is tailored to the specific needs of ADAR Manufacturing and its
customers.
Product Strategy
A product strategy unifies the organization and keeps employees focused on what
Griller with Stove is mainly composed of aluminum, stainless steel and plastic, as the base of
the proposed product. Stainless metal sheet has a high level of durability that contribute to
the quality of the product. Stainless steel is an excellent material for any purpose because of
its corrosion resistance. The most commonly utilized metals are aluminum and stainless.
and the company. Logo connects the image a company wants to represent. ADAR
came from the combined initial of the surname of the proponents which are “A” for
Alcaraz, “D” for Del Castillo, “A” for Alviar and “R” for Robis.
Pricing Strategy
Customers typically desire a reasonably priced products for practical living. The
product will have a high starting price because it is made of pure stainless metal sheet. The
goal of ADAR Manufacturing is to break into the market at the most affordable price
as possible.
Product Costing
Amount Direct Materials 1,717.62
Direct Labor Cost 171.48
Indirect Materials 113.52
Total Manufacturing Cost
2,002.62
Mark-up (30%) 672.88
Total Cost 2,675.50
VAT (12%) 240.31
Selling Price ₱ 2,916.00
Promotions/Advertising Strategy
perceptions of the product and thus increase sales. Because the company is a
newcomer to the sector, it will use promotional schemes to introduce and encourage
potential clients to try the product. As a result, advertising and commercial activities will
the business. The corporation will use various advertising strategies and commercial
ways to deliberately enlighten and promote awareness of what the company can
Placement Strategy
The company’s manufacturing facility is located at San Pedro City, Laguna. This implies
that it has a geographic distribution and logistical advantage. Shopwise, Pacita Commercial
Center, Robinsons Pacita, and Robinsons South Galleria are among the places where the
product will be introduced and distributed. Because the facility is located in an area where the
company can readily and comfortably access target consumers, personally distributing the
items to the mentioned channels will not be a problem for the company.
This chapter looks at the technical components of making a Foldable Griller with
machineries, equipment, office, and production supplies needed to create and convert
raw materials into finished product and deliver them to customers. Lists of machinery,
equipment, and supplies are listed, along with their prices, quantities, and potential
The plant layout is shown for creating the floor plan and arranging the various
departments and other facilities to ensure that business activities move smoothly. Other
topics covered in this chapter are utilities and safe trash disposal.
To measure and calculate the overall cost and price of the materials, equipment, and
To determine the required capacity, production schedule, number of shifts per day,
To plan the company's location along with the layout of the facility.
The grill is usually used by Filipinos when someone wants to cook with charcoal, it is
an extra tool or equipment when there is no use for cooking with gas. The grill is usually
big, heavy and can’t be carried anywhere to be used wherever you want and there are also
those who just make their own grill or DIY grill. The foldable grillers with stove or further
improved and made grilling easier. It has three types of cooking that use charcoal, the first
has a stove that can be cooked using pots, pans and others commonly used in ordinary
cooking. Second is the Korean grill. Filipinos now love the style of grilling of Koreans. It is
called samgyupsal.
This grill pan is used to cook small meats while eating. The third is the traditional
grill, ordinary grilling of the Filipinos. Each grill is a type of box measuring 17 inches long
and 12 inches wide and 5 inches high. It also has a box inside that will hold charcoal and
another box that will drop the ashes from the charcoal. When it comes to the back of the
box, it has railings for air to enter and not to lose the burning charcoal. The foldable grillers
with stove are all made of stainless steel to prevent rusting because it is about food the
cooking needs to be clean. This product is made for people who love grilling and
samgyupsal that can be taken anywhere. It is small, folding and easy to carry and it also
Features
Supplier
Machine Qty. UOM Unit Price Total Price /
Dealer
Laser Cutting
Machine
Bending
Machine
Grinder
Machine
Gold
Apex
2 piece ₱5,500.00 ₱11,000.00 Tools &
Hardwar
e Co.
Tungsten Welding
Machine
TOTAL ₱1,822,194.0
0
Production Equipment
Backje
3 piece ₱40.00 ₱120.00 Philippine
s Inc.
Stainless Steel
Scale
JansTech
Precision
4 piece ₱960.00 ₱3,840.00 Manufacturin
Workstation Table g Corp
JansTech
Precision
1 piece ₱2,350.00 ₱2,350.00 Manufacturin
Metal Rack g Corp
Welding Rod
ACE
10 Box ₱400 ₱4,000.00 Hardware
TOTAL ₱ 10,930.00
SafetyWe
5 box ₱500.00 ₱2,500.00 ll
Marketing
Dust Mask Inc
SafetyWe
5 pair ₱250.00 ₱1,250.00 ll
Marketing
Safety Shoes Inc
SafetyWe
10 piec ₱80.00 ₱800.00 ll
e Marketing
Inc
Safety Goggles
SafetyWe
10 pair ₱70.00 ₱700.00 ll
Marketing
Inc
Safety Gloves
TOTAL ₱ 5,250.00
enumerate essential furniture and fixtures for the company and distributed all the items in
both production and admin area. The following are listed below:
Good
Morning
4 piec ₱760.00 ₱3,040.00 Furniture
e San
Pedro
Office Table
Laguna
Good
Morning
4 piec ₱1,000.00 ₱4,000.00 Furniture
e San
Pedro
Office Chair Laguna
National
Bookstor
3 piec ₱800.00 ₱2,400.00 e
e Robinson
s South
Filing Cabinet Galeria
National
Bookstor
4 piec ₱250.00 ₱1,000.00 e
e Robinson
s South
Whiteboard Galeria
Good
Morning
2 piec ₱4,500.00 ₱9,000.00 Furniture
e San
Pedro
Long Table
Laguna
PC Express
4 piece ₱8,500.00 ₱34,000.00 Pavillion mall
Desktop Computer
PC Express
3 piece ₱8,000.00 ₱24,000.00 Pavillion mall
Printer
MB Manila
1 piece ₱7,000.00 ₱7,000.00 Steel
Enterprises
Locker
Office
warehous
3 piec ₱350.00 ₱1,050.00 e
e Robinson
First Aid Cabinet s Sta.
Rosa
Jeciadr
yl
1 piec ₱250.00 ₱250.00 Trading
e Inc.
Fire Alarm
OMNI
Electrica
3 piec ₱450.00 ₱1,350.00 l and
Emergency Light e Lighting
TOTAL ₱ 101,066.00
Other Supplies
Unit Tota
Name and Picture Qty. UOM Pric l Supplier
e Pric
e
Jeciadr
yl
3 piec ₱500.00 ₱1,500.00 Trading
e Inc.
Fire Extinguisher
Office
warehous
3 piec ₱110.00 ₱330.00 e
e Robinson
Flashlight s Sta.
Rosa
Office
warehous
6 piec ₱80.00 ₱480.00 e
e Robinson
Trash bin s Sta.
Rosa
Wall Clock
TOTAL ₱2,440.00
Ventilation
Name and Picture Qty. UOM Unit Price Total Price Supplie
r
Air conditioner
TOTAL ₱47,292.00
Office Supplies
Unit
Name and Qty. UOM Pric Total Price Supplier
Picture e
National
Bookstore
Robinsons
Calculator 1 piece ₱100.00 ₱100.00 South Galeria
Office
12 pack ₱15.00 ₱180.00 WareHouse
Ballpen
Office
12 piec ₱14.00 ₱168.00
WareHous
e
e
Whiteboard
marker
Office
6 piec ₱40.00 ₱240.00 WareHous
e e
Permanent
marker
Office
5 piec ₱20.00 ₱100.00
WareHous
e
e
Scissors
Office
5 piec ₱25.00 ₱125.00
WareHous
e
e
Ruler
Office
5 piec ₱25.00 ₱125.00
WareHous
e
e
Stapler
Office
5 box ₱50.00 ₱250.00
WareHous
e
Staple wire
Office
5 piece ₱55.00 ₱275.00 WareHous
e
Puncher
Office
20 piece ₱5.00 ₱100.00
WareHous
e
Tape
Office
5 piece ₱55.00 ₱275.00
WareHous
e
Tape Dispenser
Office
12 piece ₱20.00 ₱240.00 Office
5 piece ₱100.00 ₱500.00 WareHous
WareHous
e
Double sided e
File Holder
tape
Office
10 pack ₱160.00 ₱1,600.00 Office
WareHous
60 piece ₱6.00 ₱360.00 WareHous
A4 bondpaper e
Folder e
Office
Office
10
2 pack ₱160.00
piece ₱33.00 ₱1,600.00
₱66.00 WareHous
WareHous
e
e
Short bondpaper
Fastener
Office
6 SPCBA
pack ₱100.00 ₱600.00
RESEARCH CENTER WareHous
e
Time Card
TOTAL ₱7,951.00
68
Production Supplies
Raw Materials
Unit
Materials Quantity Price Supplier
Gold Apex
Tools &
1/4inch 4
₱220.00 Hardware Co
5ft.
Gold Apex
2 inches ₱22.5
Tools &
3 Hardware Co
Latches lock
Cabin Hook
TOTAL ₱1,717.62
Packaging Materials
Packaging materials are required to retain and protect the product throughout
storage in the finished goods warehouse and transportation to customers. The following
Table 19. Packaging Materials for Foldable Grillers with stove of ADAR Manufacturing
Required
Name and Specification Quantity Total Supplier
Picture s
30inch x Gokei
20inch 1 ₱22.00 Packagin
g
Philippin
Box e
Gokei
4 x 4 x 3 inch
1 set ₱91.5 Packagin
g
Philippin
Styrofoam corner e
protector
TOTAL ₱113.50
Manufacturing
Process Flow of
Production
The production flow chart shows the process of how the Foldable Griller with
welding, polishing, assembly and inspection to produce a foldable griller with stove.
Raw materials are measured before being cut to ensure that they meet the product's
identified, markings are placed on the surface of the raw materials. To cut each stainless-
steel sheet, a laser cutting machine will be used to cut the marks on the raw materials
according to its specifications. This laser machine is also used to make holes in the charcoal
Bending
After the cutting process, the next operation is the bending process, which involves
Welding
In this method, all the bended parts (except the stand and the handles) had been
fused together using heat, pressure, or a combination of the two, establishing a join when the
components cool.
Polishing
All the parts that had been only processed through welding will undergo polishing
which is the process of rubbing or chemically treating a surface to create a smooth and
glossy finish, leaving a clean surface with a high degree of specular reflection.
Assembly
completed. Every component of the product must be assembled correctly to identify the
Inspection
The product must be inspected to identify the possible defects or rejects in the
Packaging
After all the process is done, the product will be covered in Styrofoam and placed in its
box.
The amount of time it takes if there are no delays or other unanticipated events
The time it will most likely take is based on employee outcomes and capacity to
Technique
Traditional Griller
Time Estimates
(O+4M+P)/6
(seconds)
ACTIVITY DESCRIPTION PREDECESSOR Expected
OT MT PT Time (ET)
Capacity Requirements
Technique (PERT) of Foldable Griller with Stove, the standard time is 335.05
minutes.
Korean Griller
Time Estimates
(O+4M+P)/6
(seconds)
ACTIVITY DESCRIPTIO PREDECESS Expected
N OR OT MT PT Time (ET)
A Cutting - 73.81 74.13 76.03 74.39
B Bending A 69.32 71.94 73.69 71.80
C Welding C 60.44 62.12 64.19 62.19
D Polishing D 60.61 62.31 64.22 62.35
TOTA 278.1
L 264.18 270.50 3 270.72
Capacity Requirements
Technique (PERT) of foldable Griller with Stove, the standard time is 270.72
minutes.
(4)(6hours)(60 𝑚𝑖𝑛𝑠)
= 𝑥 50 %
(270.72 𝑚𝑖𝑛𝑠)
Stove
Time Estimates
(O+4M+P)/6
(seconds)
ACTIVITY DESCRIPTIO PREDECESS Expected
N OR OT MT PT Time (ET)
A Cutting - 92.96 94.12 95.78 94.20
B Bending A 74.85 76.55 77.41 76.41
C Welding C 93.14 94.27 96.32 94.42
D Polishing D 74.14 76.23 78.21 76.21
TOTA 347.7
L 335.09 341.17 2 341.25
Capacity Requirements
Technique (PERT) of foldable Griller with Stove, the standard time is 341.25
minutes.
= 𝑥 𝐿𝑖𝑛𝑒 𝐸𝑓𝑓𝑖𝑐𝑖𝑒𝑛𝑐𝑦
(𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝑇𝑖𝑚𝑒 )
Time Estimates
(O+4M+P)/6
(seconds)
ACTIVITY DESCRIPTIO PREDECESS Expected
N OR OT MT PT Time (ET)
A Cutting - 34.32 36.12 39.41 36.37
B Bending A 37.09 39.28 40.89 39.18
C Welding C 43.21 44.32 46.32 44.47
D Polishing D 39.45 40.54 42.55 40.69
TOTA 169.1
L 154.07 160.26 7 160.71
Capacity Requirements
Technique (PERT) of foldable Griller with Stove, the standard time is 160.71
minutes.
Time Estimates
(O+4M+P)/6
(seconds)
ACTIVITY DESCRIPTIO PREDECESS Expected
N OR OT MT PT Time (ET)
A Cutting - 35.10 36.45 37.51 36.40
B Bending A 40.19 44.21 46.33 43.89
C Welding C 31.74 32.12 34.61 32.47
D Polishing D 34.85 36.48 39.12 36.65
TOTA 157.5
L 141.88 149.26 7 149.42
Capacity Requirements
Technique (PERT) of foldable Griller with Stove, the standard time is 149.42
minutes.
Stand
Time Estimates
(O+4M+P)/6
(seconds)
ACTIVITY DESCRIPTIO PREDECESS Expected
N OR OT MT PT Time (ET)
A Cutting - 19.41 20.77 23.97 21.08
B Bending A 25.63 26.41 30.14 26.90
TOTA
L 45.04 47.18 54.11 47.98
Capacity Requirements
Technique (PERT) of foldable Griller with Stove, the standard time is 47.98
minutes.
Handles
Time Estimates
(O+4M+P)/6
(seconds) Expected
ACTIVITY DESCRIPTIO PREDECESS
Time (ET)
N OR OT MT PT
A Cutting - 34.47 36.15 38.02 36.18
B Bending A 24.01 25.14 27.21 25.30
TOTA
L 58.48 61.29 65.23 61.48
Capacity Requirements
Technique (PERT) of foldable Griller with Stove, the standard time is 61.48
minutes.
Time Estimates
(O+4M+P)/6
(seconds)
ACTIVITY DESCRIPTIO PREDECESS Expected
N OR OT MT PT Time (ET)
E Assembly B,D 82.01 84.39 85.21 84.13
F Final Inspection E 44.65 45.17 47.57 45.48
G Packaging F 31.02 32.14 34.48 32.34
TOTA 167.2
L 157.68 161.7 6 161.96
Capacity Requirements
Technique (PERT) of foldable Griller with Stove, the standard time is 161.96
minutes.
Standard Output
Output per
Parts day
Traditional Griller 2.14
Korean Griller 2.66
Stove 2.11
Charcoal Drawer & Oil
Catcher 4.49
Ash Drawer 4.82
Stand 7.63
Handles 5.87
Assembly 2.23
TOTAL 4.00
Plant Capacity
Since each production produce 4.06 units per day. Therefore, the plant capacity
Production Schedule
Production schedule is the timetable for the use of resources and processes required
is to arrange the manufacturing activities in such a way that the cost of production is
minimized and the goods are delivered on due dates. The office hours will be six (6) hours a
day from 8:00am to 5:00pm. These shifts included a one (1) hour break for the employees.
The production operation would be conducted six (6) hours a day from 8:00am to 2:00pm
Choosing the right people that would fit to the needs of the ADAR Manufacturing
Company is important as bringing effectiveness and efficiency to the overall operating of the
business. People is the most important resources of the organization. The organization
success depends on the skills of the employees in their work which is their performance.
ADAR Manufacturing Company would need one (1) employee who would work fulltime as a
Finance and Administrative Officer and six (6) operators that will operate in the production in
producing the product. The labor force of ADAR Manufacturing Company must be skillful in
various process and in operating the tools and machineries used in production of Foldable
Griller with Stove. Employee’s performance has played an important role in achieving the
company goals that is why ADAR Manufacturing Company has to be careful in selecting the
Plant Location
The company covers an area of 1,224 square meters which is located at WH6 Zara
Compound, Magsaysay Road, Brgy. San Antonio, San Pedro City, Laguna. The site of the
company was selected due to its geographical location and its accessibility to different
suppliers.
Plant Layout
Utility
Utilities is considered as a vital in the daily operation of the business. The following
utilities would be needed in the daily operation of ADAR Manufacturing Company: Electricity-
it is one of the most necessarily needed to run the manufacturing business because devices
and machineries needed in the production of Foldable Griller with Stove must use electricity.
Telecommunications- this will help to preserve the good relationship in terms of the
communication to the suppliers as well as the customers. This kind of utility would help the
company on promoting the product which is the Digital Lampscent that would bring higher
income.
Waste Disposal
and recycling the scrap metals and materials used in the production of Foldable Griller with
Stove. Waste management disposes of the products and substances that you have use in
safe and efficient manner. This is something that each and every household and business
owner in the world needs. The ADAR Manufacturing Company would provide trash bins that
must be labeled to simplify the process of waste segregation to ensure cleanliness and an
adequate septic system that consist of pumps and pipes that connected in the drainage
system that would filter the waste water in the tank. The local garbage collector is the in-
charge in collecting the non- biodegradable wastes for the proper disposal. In terms of
The ADAR Manufacturing Company is a business started by four (4) partners. The
start-up capital that will equally divided into four by the stakeholders which is the twenty-five
percent (25%) per proponents. Six (6) Operators for each process and one (1) Finance and
Administrative Officer will be the number of hiring in the company that will be required to work
in one shift only. The shifts will start from 8am to 5pm, Monday to Friday for the employee
and 8:00am to 2:00pm from Monday to Thursday for the operators. Under the labor code, the
employees are entitled to compensation or wages, overtime pay, holiday pay, SSS, EC, NHI,
remittances, service incentive leaves, and retirement pay. This could guarantee that the
company will have a successful function when it comes to business and employee support.
To improve worker production efficiency while complying to the company's rules and
regulations
more people carry on a business as co-owners. The four (4) individuals who
own the company will invest time, money, knowledge, obligations, and rights in
the company.
As there are four (4) owners, more capital is available for the business, there is
opportunity for income splitting specifically for tax savings, and changing the legal structure is
Capitalization
Every new business needs a start-up capital to start and run the business, Since
ADAR Manufacturing Company is a new business the four shareholders of the company will
be having a contribution of share that will be divided into four for the start-up capital. Each
shareholder needed to provide a 25% of the ideal capital. When it comes to the authority in
the business one of the four shareholders will gain more profit compare to other shareholders
due to the big role assigned to him/her in managing the company that’s why partners will not
Organizational Structure
rules and policies designed to outline how various worked roles and responsibilities are
controlled and coordinated. Organization structure determines how information flows from
level to level within the company. It also defines the employee’s job and how it fits with the
overall business. The structure is based on the company’s objectives and strategy. The
projected organization structure of the ADAR Manufacturing Company is shown in the figure
15.
In the process of hiring employees, there is a specific characteristic needed to fulfill the
specification of the job requirement. Businesses have certain qualifications during employee
hiring.
Job Description:
liability, and capital account entries by compiling, analyzing, and documenting financial
Job Qualifications:
course
Job Description:
steps along the production line to achieve the desired product quality. They are also
in charge of general cleaning and keeping the building and its facilities in good
condition. Clean up spills with the proper equipment, perform minor repairs, and
Job Qualification:
in production processes
firm. The stated daily wages, monthly total and annual total of wages above will be the
Good Moral
Resume
Organizational Policy
It is a set of guidelines and best practices put in place to protect the company,
employees, and customers. Policies are made to determine all major decisions, actions, and
all activities takes place within the boundaries. The set of rules, principles, and guidelines
must be adopted by the organization to reach its long-term goals. On the other hand, the
procedures are the specific methods employed to express policies in action in day-to-day
Employee’s Conduct
ADAR Manufacturing ensures that quality standards are maintained and that
employees have a pleasant working environment. Employees are expected to be loyal and
efficient in their service to the company and its programs, as well as to cooperate with
performing duties in accordance with the highest professional standards and applicable code
of ethics. Failure to follow the company's rules and regulations necessitates correction and
disciplinary action. The following are considered violations of the company's rules of conduct
and may result in disciplinary actions and, in extreme cases, termination of employment.
Disrespectful conduct
The operator’s working days would be from Monday to Thursday, while the office has
been planned to open at 8:00AM to 5:00PM. The standard working hours or normal working
hours refers to the legislation to limit the working hours per day, per week, per month or per
year. If an employee needed to work overtime, the employer would need to pay overtime
payments to employees as required in the law. Regular attendance and punctuality are
necessary for the operation of the company. The company wanted to establish uniform
guidelines that would ensure a consistent and fair approach to solving attendance problems.
manager or higher position available and file an emergency, sick or vacation leave
The following stated below are the reasons the company will not consider during
absences or tardiness. Other invalid reasons will be stated in the policy when encountered
Waking up late
Administrative Policy
usually in the employee handbook that their providing for the employees with proper
understand basic rules of the A Feasibility Study in Manufacturing of Foldable Griller with
Stove. The employee that would break the rules and regulation of the company could face
penalties and might lose their job. In any instances the employees do not comply with the
company’s rules and regulations, this shall be taken with manager’s discretion or any
purposes.
are expected to meet the deadline coordinated with the customer and
the company.
SWOT ANALYSIS
The table below presented shows the SWOT ANALYSIS of ADAR Manufacturing
and illustrates the internal and external factors of the company. It includes the strengths,
STRENGHTS WEAKNESSES
Quality product Lack of experience
Innovative product Lack of marketing expertise
Competitive company Minimum sales
Effective and efficient employees Starting company
OPPORTUNITIES THREATS
Company expansion High competition in the market
Online advertisement
Wage range for marketing
Employee Compensation
ADAR Manufacturing employees are receiving their salaries every 15 th and 30th day
of the month.
DAILY MONTHLY
NUMBER ANNUALLY
POSITION WAGES PER PERSON
OF (PHP)
(PHP) (PHP)
EMPLOYEE
S
Finance and Administrative
1 ₱720.00
Officer ₱14,400.00 ₱172,800.00
Production Operator 1 1 ₱470.00 ₱9,400.00 ₱112,800.00
Production Operator 2 2 ₱470.00 ₱9,400.00 ₱112,800.00
Production Operator 3 1 ₱470.00 ₱9,400.00 ₱112,800.00
Production Operator 4 1 ₱470.00 ₱9,400.00 ₱112,800.00
Production Operator 5 1 ₱470.00 ₱9,400.00 ₱112,800.00
Overtime hours are not permitted for employees unless there are pending tasks that
which must be approved by the respective directors. Overtime forms that are lost or
unapproved are not accepted and are not reflected in their payroll. The amounts given to
employees when there are instances of overtime hours are listed below:
Employees are entitled to 13th month pay regardless of their duties and
responsibilities. Employees who are eligible for 13th month pay must have worked for the
company for at least one month during the calendar year. It is delivered no later than
Employee Benefits
The company will provide benefits to regular employees such as SSS, PAG-IBIG
insurance for the employees of the Philippines. The following listed below are the
benefits of SSS:
Death
Disability
Funeral
Maternity
Retirement
Salary loan
Sickness
PhilHealth
of every Filipino regardless of social status. The following listed below are the benefits of
PhilHealth:
MDG Benefits
Outpatient Benefits
Z Benefits
PAG-IBIG/HDMF
Home Development Mutual Fund or more popularly known as the Pag-IBIG Fund is
the shelter financing program to provide affordable houses for the Filipino workers. The
Housing loan
Provident loan
Paternity leave
Paternity leave is granted for those married men regardless of their status of
employment. It is utilized when a husband needed to provide assistance to his wife during
Solo Parent Leave is provided to the employees who is left alone with their
responsibility as a parent to their child due to death, detention, mental incapacity or legal
separation with spouse. The employees is required to provide solo parent identification
card issued by DSWD to have annual credit of one day parental leave.
Legal Requirements
set by the country rules and regulations. It is significantly important to a business to find
requirements such as licenses, contracts and leases. Providing legal requirement initially is
the right path for the company to avoid hindrance regarding to the business structure.
1. Filling the articles of co-partnerships with the Security and Exchange Commission.
b. Verification of Partnership.
2. Registration of the business name with the Department of Trade and Industry.
3. Mayor’s Permit and Residence Certificate after paying the local tax.
a. Barangay clearance.
b. Police clearance.
c. Business location.
d. Clearance location.
e. Articles of Partnership.
4. Filling the article of Co-partnership with the Bureau of Internal Revenue as pre-
a. Mayor’s permit.
The partners are obliged to provide an additional registration requirement with the
Legal Requirements
SEC ₱ 3,000.00
Mayor's Permit ₱ 3,500.00
BIR ₱500.00
DTI ₱ 2,500.00
Seller's Permit ₱ 2,500.00
Total ₱12,000.00
This chapter evaluates the study's financial aspects. This also determines start-up
capital and its sources, investment returns, and other financial considerations. This
includes a variety of financial statements such as the cost of sales, income statement,
breakeven analysis, projected balance sheet with vertical and horizontal analysis, and
projected cash flows. These will be used to determine whether or not the company will
remain profitable.
To figure out how much capital you'll need to launch your new business.
To determine the costs and values associated with manufacturing the product and
profitability.
1. Depreciation is based on the capacity to produce for the property, plant, and
equipment that are directly using in order to create the product, and straight-line
method for other property, plant, and equipment that are indirectly related to the
product.
2. Income tax is based on the 30% corporate tax, that will be paid, on or before April 15
4. Salaries and wages will have its 4.5% annual increase based on the performance of
6. Employees' benefits is the total amount of SSS, PhilHealth, and HDMF (Pag-ibig)
7. SSS, Philhealth and Pag-ibig are computed based on the applicable contribution table.
8. Utilities, and other expenses are aligned and directly correlated to the inflation rate.
9. Sales and Cost of Sales will increase based on the result of supply and demand
10. Pricing strategy will be based on the price of the direct materials, direct labor, factory
overhead, and have enough mark-up in order to have sufficient margin to cover all
13. Repairs and Maintenance is set a 5% of the total Property, Plant and Equipment.
Project Cost
Project Cost
Source of Financing
To be able to start the business, the company planned to acquired and other assets
through the partners’ capital contributions, suppliers of the raw materials, machinery and
other equipment and the customers. The members of the boards which the proponents will
Accounts Receivable
Supplies Expense
Office Supplies Quantity Price Total Time of Purchase per Year Total Annual Cost
HMDI cable 1 200.00 200.00 1 200.00
Calculator 1 100.00 100.00 1 100.00
Extension 2 100.00 200.00 1 200.00
Notebook 50 10.00 500.00 2 1,000.00
Ballpen 12 15.00 180.00 3 540.00
Pencil 3 49.00 147.00 6 882.00
Whiteboard 12 14.00 168.00 1 168.00
Permanent marker 6 40.00 240.00 3 720.00
Scissors 5 20.00 100.00 1 100.00
Ruler 5 25.00 125.00 1 125.00
Stapler 5 25.00 125.00 1 125.00
Staple wire 5 50.00 250.00 2 500.00
Puncher 5 55.00 275.00 1 275.00
Tape 20 5.00 100.00 2 200.00
Tape dispenser 5 55.00 275.00 1 275.00
File holder 5 100.00 500.00 1 500.00
A4 bondpaper 10 160.00 1,600.00 2 3,200.00
Short bondpaper 10 160.00 1,600.00 2 3,200.00
Double sided tape 12 20.00 240.00 2 480.00
Folder 60 6.00 360.00 2 720.00
Fastener 2 33.00 66.00 2 132.00
Time card 6 100.00 600.00 6 3,600.00
Flashlight 3 110.00 330.00 2 660.00
Trash bin 6 80.00 480.00 3 1,440.00
SUBTOTAL 8,761.00 19,342.00
Production Supplies Quantity Price Total Time of Purchase per Year Total Annual Cost
Cutting Disc 1 340.00 1,020.00 1 1,020.00
Measuring steel tape 2 140.00 280.00 1 280.00
Safety shoes 5 250.00 1,250.00 1 1,250.00
First Aid Kit 1 350.00 700.00 1 700.00
Safety goggles 10 80.00 3,200.00 1 3,200.00
Safety gloves 10 70.00 350.00 3 1,050.00
Dusk mask 5 500.00 100.00 3 300.00
SUBTOTAL 6,900.00 7,800.00
TOTAL 15,661.00 27,142.00
SCHEDULE 3: Supplies Expense
Accumulated depreciation -
At January 1, 2022 - - - - -
Depreciation Expense (see Schedule) 329,271.12 18,095.76 378.00 1,008.00 348,752.88
At December 31, 2022 329,271.12 18,095.76 378.00 1,008.00 348,752.88
Depreciation Expense 329,271.12 18,095.76 378.00 1,008.00 348,752.88
At December 31, 2023 658,542.24 36,191.52 756.00 2,016.00 697,505.76
Depreciation Expense 329,271.12 18,095.76 378.00 1,008.00 348,752.88
At December 31, 2024 987,813.36 54,287.28 1,134.00 3,024.00 1,046,258.64
Depreciation Expense 329,271.12 18,095.76 378.00 1,008.00 348,752.88
At December 31, 2025 1,317,084.48 72,383.04 1,512.00 4,032.00 1,395,011.52
Depreciation Expense 329,271.12 18,095.76 378.00 1,008.00 348,752.88
At December 31, 2026 1,646,355.60 90,478.80 1,890.00 5,040.00 1,743,764.40
Book value
At December 31, 2022 1,500,012.88 130,882.24 1,722.00 4,592.00 1,637,209.12
At December 31, 2023 1,170,741.76 112,786.48 1,344.00 3,584.00 1,288,456.24
At December 31, 2024 841,470.64 94,690.72 966.00 2,576.00 939,703.36
At December 31, 2025 512,199.52 76,594.96 588.00 1,568.00 590,950.48
At December 31, 2026 182,928.40 58,499.20 210.00 560.00 242,197.60
Accounts Payable
SALES
SCHEDULE 6: Sales
SCHEDULE 6: SALES
Utilities Expense
Depreciation
Income Statement
ADAR Company
Income Statement
For the Years Ended December 2022 - 2026
ADAR Company
Statement of Changes in Equity
As of December 31, 2022 - 2026
Net Income (Loss) After Tax 5,033,869.36 5,249,337.47 5,662,872.55 6,286,965.24 7,133,646.04
ADAR Company
Statement of Financial Position
December 31, 2022 - 2026
ASSETS
CURRENT ASSETS
Cash 2,533,647.73 3,595,879.38 4,686,604.49 5,911,958.12 7,300,161.00
Raw Material Inventory 1 1,126,159.01 1,135,668.88 1,145,212.29 1,154,789.33 1,155,020.29
Accounts Receivable 2 1,253,657.99 1,820,016.28 2,114,756.59 2,304,317.37 2,455,447.98
Prepaid Rent 660,000.00 660,000.00 660,000.00 660,000.00 660,000.00
Office and Production Supplies 3 27,142.00 27,142.00 27,142.00 27,142.00 27,142.00
Total Current Assets 5,600,606.73 7,238,706.54 8,633,715.37 10,058,206.82 11,597,771.27
NONCURRENT ASSETS
Property, Plant, and Equipment - net 4 1,637,209.12 1,288,456.24 939,703.36 590,950.48 242,197.60
TOTAL ASSETS 7,237,815.85 8,527,162.78 9,573,418.73 10,649,157.30 11,839,968.87
LIABILITIES
Accounts Payable 5 2,013,440.15 2,833,156.61 3,338,692.79 3,655,769.11 3,856,441.25
VAT Payable 168,356.40 341,262.15 382,361.01 425,765.86 472,718.74
Income Tax Payable 14,515.44 95,772.05 181,857.89 273,022.58 369,528.34
Salaries Benefit Payable 7,634.50 7,634.50 7,634.50 7,634.50 7,634.50
Total Liabilities 2,203,946.49 3,277,825.31 3,910,546.19 4,362,192.05 4,706,322.83
EQUITY
Alcaraz, Capital 1,258,467.34 1,310,334.37 1,411,618.14 1,565,121.31 1,773,767.51
Alviar, Capital 1,258,467.34 1,311,334.37 1,413,818.14 1,568,761.31 1,779,135.51
Del Castillo, Capital 1,258,467.34 1,313,334.37 1,418,218.14 1,576,041.31 1,789,871.51
Robis, Capital 1,258,467.34 1,314,334.37 1,419,218.14 1,577,041.31 1,790,871.51
Total Equity 5,033,869.36 5,249,337.47 5,662,872.55 6,286,965.24 7,133,646.04
TOTAL LIABILITIES AND EQUITY 7,237,815.85 8,527,162.78 9,573,418.73 10,649,157.30 11,839,968.87
ADAR Company
Statement of Cash Flows
As of December 31, 2022 - 2026
Product Costing
PRICING STRATEGY
The business must not only profitable but also advantageous to the economy and
society therefore, ADAR Manufacturing proponents studied the socio- economic desirability
when it comes to the workers that shall be employed to the company as well as the
employees and company taxes to be paid in the government, also the accrue benefits for the
people in the community and vicinities. This part of the study has an impact to the
governments, consumer, suppliers and society either the benefits that they gain from the
company.
To offer consumers with a functional design that will allow them to get the most out of
the product.
ADAR Manufacturing will help the Philippine economy by producing a useful product
that will meet the needs of future consumers and the community.
To maximize the amount of money that consumers will spend, the company has
chosen the best quality and types of materials to be used for the product, as well as
conceptualized the functionality and features that this product can offer.
Employment Generation
The structure of the proposed project was to provide employment opportunities for
the residents of San Pedro City. ADAR Manufacturing Company would need staff or
personnel that will be part of current and future overall operation of the business
considering the proximity to the manufacturing site for the easiest way to transport and
communicate to the workers. The company will focus on choosing the workers that will fit to
The employment rate of area will stimulate as the company prioritize the hiring of
Social Desirability
The company will manufacture Foldable Griller with Stove to customers so that they
can use it when they will be having an occasion. The Foldable Griller with Stove has more
features than other grillers that are not intended for use with grilling.
People
People were consisted of consumer, suppliers, employee and residents living near
the manufacturing or site, which have a big part in the operation of the business. For the
Company was to satisfy the customer by providing a good quality of product. ADAR
Manufacturing Company wants to be partner of the consumer to test the Foldable Griller
References:
High quality 304L stainless steel pipe. (n.d.). Retrieved March 27, 2018,
from http://www.xiyemetal.com/product_detail/high-quality-304l-stainless-
steel-pipe- 15204738386872964.html
steel-supply-and- fabrication-company
from
https://www.entrepreneur.com/encyclopedia/partnership
Fabrication
https://www.foodnetwork.com/recipes/articles/a-brief-history-of-grilling
https://psa.gov.ph/statistics/survey/price/summary-inflation-report-
consumer-price-index-2012100-september-
2021#:~:text=Philippines&text=This%20brings%20the%20country's
%20average,September%202021%20at%204.5%20percent.&text=The
%20slower%20pace%20in%20the,percent%20in%20the%20previous
%20month.
Retrieved from
https://www.practicalmachinist.com/vb/south-bend-lathes/amount-electricity-
used-13- south-bend-lathe-250945.
from
https://www.rpc.com.au/information/faq/system-design/estimate-
demands.html.
Retrieved from
https://www.practicalmachinist.com/vb/south-bend-lathes/amount-electricity-
used-13- south-bend-lathe-250945.
from https://weldingweb.com/showthread.php?47264-KW-
consumption.
Four factors to consider when purchasing a grinder: You get what you pay
https://www.thefabricator.com/article/cuttingweldprep/four-factors-to-
consider-when-purchasing-a-grinder--you-get-what-you-pay-for.
http://energyusecalculator.com/electricity_ceilingfan.htm
http://energyusecalculator.com/electricity_cfllightbulb.htm
http://energyusecalculator.com/electricity_cfllightbulb.htm
from
http://energyusecalculator.com/calculate_electrical_usage.htm
Robertson, L., Fox, O., & Palmer, G. D. (n.d.). How Many Watts Does a
many-watts-does-a-computer- use.
http://energyusecalculator.com/electricity_printer.htm.
http://energyusecalculator.com/electricity_wifirouter.htm.
Reduction Revolution. (2013, May 10). Water Cooler / Water Boiler Energy
https://reductionrevolution.com.au/blogs/news- reviews/57786245-water-
cooler-water-boiler-energy-consumption-revealed.
How Many Watts Does an Air Conditioner Use? (2013, January 18).
air-conditioner-use.
from http://energyusecalculator.com/electricity_ceilingfan.htm.
from https://www.exitlightco.com/product/EL-50-HD12.html
APPENDIX
Survey Questionnaire
Survey Results
PERCENTAG
QUESTIONS FREQUENCY E
1. Do you have griller at home?
a. Yes 283 71.10%
b. No 115 28.90%
398 100.00%
2. What type of griller do you usually use?
a. Standard griller (Traditional
griller) 136 34.10%
b. Electric griller 74 18.60%
c. Improvised griller (sariling gawa) 97 24.40%
d. I don't have any 91 22.90%
398 100.00%
3. How often do you use griller?
a. Once a month 29 7.30%
b. Twice a month 212 53.20%
c. 3 or more times a month 157 39.50%
398 100.00%
4. Are you familiar with Korean griller?
a. Yes 377 94.70%
b. No 21 5.30%
398 100.00%
5. Which feature in the product is more
valuable for you?
a. Traditional Griller 119 29.80%
b. Korean Griller 36 9.10%
c. Stove 87 21.90%
d. All of the above 156 39.20%
398 100.00%
6. Are you willing to buy our product?
a. Yes 365 91.70%
b. No 33 8.30%
398 100.00%
7. Which factor do you consider in buying
our product?
a. Quality 175 48.10%
b. Size/weight 55 15%
c. Functionality 81 22.10%
d. Conveniency 54 14.80%
365 100.00%
8. Where do you want to purchase our
product?
a. Online/Social Media Shops 223 56%
b. Public Market 130 32.70%
c. Malls/Supermarket 45 11.30%
398 100%
9. What form of advertising attracts you the
most?
a. Online/social media
Advertisement 281 70.60%
b. Newspapers/Magazines 23 5.80%
c. Tarpaulin/Posters 20 5%
SSS Contribution
https://www.sss.gov.ph/sss/DownloadContent?fileName=2021-
CONTRIBUTION-SCHEDULE.pdf
PAG-IBIG Contribution
https://techpilipinas.com/pag-ibig-contribution-table-payment-schedule/
PhilHealth Contribution
https://www.philhealth.gov.ph/news/2019/new_contri.php