Professional Documents
Culture Documents
Researchers
Alcantara, Geofrey Julian G.
Posadas, Ma. Hazel M.
Villar, Winifredo Jr. G.
Bagacay, Michelle G.
A.Y. 2018-2019
Chapter I
MARKET STUDY
Introduction
Creative Bags Inc. is one of the leading bag manufacturer that will provide
solutions to our customer’s need by delivering them quality yet
affordable products. The company’s logo is an infinite sign meaning we are
continuously striving in improving and innovating our products with the help of
people, the square shape at the middle of the logo, in creating innovative
product.
Product Description
Product Testing
New products that are under development and existing products must
undergo quality testing to ensure that products work correctly and meet the
standards for quality. The conduction of any of various tests to measure the
performance or properties of a product is called Product Testing. It can be used
to verify that a product works correctly and is safe for use by consumers. Product
testing is a critical part of the product development. Manufacturers may test their
own products, or an independent laboratory or government agency may test
them, depending on the circumstances.
The ideal way to identify a product’s potential before the product
development process is through product testing. It eliminates the risk of
developing undesirable products, which could be costly and time-consuming
down the road. Product testing focuses on performance and identifies the
drivers/limiters of appeal, as well as the opportunities for improvement. A firm
may conduct product testing at any stage of product development, including the
idea, development and production phases. It is advisable that companies perform
at least one round of testing, if not several, before releasing a new product to
market.
Often, an existing formal test method is use for conducting a certain kind
of test. Other times, engineers may develop methods to meet the testing needs
they’re presented with. There is also another kind of product testing, which
involves asking consumers to use a product and gathering feedback from it.
Product Upgrade
The process of replacing the product to a new higher quality version of the
same product is upgrading (one with a new stronger function or higher
performance). Upgraded products has been recognized as an important means
by which firms continuously renew themselves in order to survive and prosper in
a rapidly changing business environment and is noticeable in durable goods
industries. Creative bags Innovation, Inc. will eventually be upgraded in line with
the trend and cope up with the demand of the consumers.
Market Description
Laptop bags’ feature which are available in the market, is to only carry the
laptop and its accessories. With these product, you also have the table where
you can start working efficiently and effectively with your laptop without enduring
backache or leg cramps anytime and anywhere.
Demand Analysis
For a new company, the demand analysis can tell whether a substantial
demand exists for the product/service and given the other information like
number of competitors, size of competitors, industry growth etc. it helps to decide
if the company could enter the market and generate enough returns to sustain
and advance its business. Demand analysis helps in identifying key business
areas where demand is highest and areas which needs attention as very low
demand indicates different problems.
The researchers of this study were able to gather relevant data and used
mathematical projection methods. By analyzing the demand, Creative Bags Inc.
was able to distinguish the capabilities and willingness of the consumers to buy
the product.
Historical Demand
Historical demand is the basis for some very important decisions. You
want to be sure you are capturing this data correctly, so it can be properly
analyzed. Almost any business captures historical demand data and refers to it
when making decisions about the future. It helps determine how much labor,
materials and equipment to purchase for the upcoming year. It can be used to
obtain outside financing or for presentation to outside investors.
Table 1 shows the historical demand for Creative Bags Inc. for the past
ten years. The historical demand is used as the main basis in computing the
projected demand.
Figure 2: Creative Bags Inc. Historical Demand
Figure 2 shows the demand for the Creative Bags Inc. from 2008 - 2017.
As shown in the figure, there is a gradual increase in the demand throughout the
years.
Projected Demand
Supply Analysis
Table 3 shows the historical supply of laptop bag in the past ten years.
The data gathered from Philippine Statistical Yearbook served as a basis to
prove that the supply of laptop bag is increasing per year. The gathered related
data on the supply of laptop bag was used as a guide in analyzing the feasibility
of establishing a firm that will provide the supplies needed by the industry.
Figure 5 presents the projected supply for Creative Bags Inc. for the next
ten years. The researchers used the Statistical Parabolic Curve Method in
forecasting the supply in the 10 year period. As shown in the figure, there is a
continuous increase in the supply for the product in the following years.
Figure 6 shows the projected demand and supply of Laptop Table Bag. The
figure illustrates that both demand and supply increases overtime. The increase
in demand is higher than the increase in supply. This results in the improvement
of the marketability of the product for the coming years. The gap indicates the
percentage of needs that are not met by the production.
Market Share Analysis
Market share analysis is a part of market analysis that indicates how well
a firm is doing in the marketplace compared to its competitors. It is also the
process of benchmarking your sales in a market or product category against the
competition. Market share analysis shows not only the overall percentage a
business holds in the market, but also a more detailed analysis of its status in
different area. Understanding thus aspect of market share can help a company to
strategize future product development, whether it is to continue growing a strong
sector or to compete more strongly in other areas.
To identify Creative Bags Inc. daily production the researchers chose the
process with least output per day. Output per day of all processes were
computed and identify that table insertion/finishing is the process with the least
output capacity which is 332 units per day.
Price Study
To identify the factors that will affect the Laptop Bag Industry, the
researchers use Porter’s Analysis. Porter’s Five Forces is a simple but powerful
tool for understanding the competitiveness of your business environment, and for
identifying your strategy’s potential profitability. This is useful because when you
understand the forces in your environment or industry that can affect your
profitability, you’ll be able to adjust your strategy accordingly. The identified
factors are as follows:
1. Competitive Rivalry
Where rivalry is intense, companies can attract customers with
aggressive price cuts and high-impact marketing campaigns. Also, in
markets with lots of rivals, your suppliers and buyers can go elsewhere if
they feel that they're not getting a good deal from you. On the other hand,
where competitive rivalry is minimal, and no one else is doing what you
do, then you'll likely have tremendous strength and healthy profits.
3. Supplier Power
This is determined by how easy it is for your suppliers to increase
their prices. The more you have to choose from, the easier it will be to
switch to a cheaper alternative. But the fewer suppliers there are, and the
more you need their help, the stronger their position and their ability to
charge you more. That can impact your profit.
4. Buyer Power
Here, you ask yourself how easy it is for buyers to drive your prices
down. How many buyers are there, and how big are their orders? How
much would it cost them to switch from your products and services to
those of a rival? Are your buyers strong enough to dictate terms to you?
When you deal with only a few savvy customers, they have more power,
but your power increases if you have many customers.
5. Threat of Substitution
This refers to the likelihood of your customers finding a different
way of doing what you do. For example, if you supply a unique software
product that automates an important process, people may substitute it by
doing the process manually or by outsourcing it. A substitution that is easy
and cheap to make can weaken your position and threaten your
profitability.
Marketing Strategies
1. Product
The product is the central point on which marketing energy must
focus. The proposed product of the researchers is the Laptop Table Bag
that targets individuals who owns a laptop. The researchers initially
determined the target market, the preferences of the customers, and the
products’ competitiveness.
2. Price
Price is an aspect of marketing strategies that creates sales
revenue and all the others are cost. Researching consumers’ opinions
about pricing is important as it indicates how they value what they are
looking for as well as what they want to pay. Competitor pricing and
factors within its marketing environment is also considered in pricing. The
price of the Laptop Table Bag was determined by the factors needed in its
production such as: direct factors include the cost of raw materials, cost of
manpower, cost of producing and maintaining production of the machine
and support costs for the machine. The indirect factors include market
condition, taxes, government restrictions, competition, shipping and
customer’s financial capability. All these factors were weighed and
computed and were divided according to how many units are to be
produced. Then, an acceptable and reasonable mark-up value was
included in the price to result to the selling price of each product the
company manufactures.
3. Place
Place is concerned with various methods of transporting and
storing goods and making them available for the costumer. Getting the
right product to the right place at the right time involves the distribution
system. The ideal place should be convenient to the target market,
accessible to the customer, has a reasonable cost, and the area should
belong to the industrial zone.
4. Promotion
Promotion is the business of communicating with customers. It will
provide information that will assist them in making a decision to purchase
a product or service. A successful promotion increases sales so that
advertising and other cost are spread over a larger output. Promotional
campaign purpose, budget for the promotional campaign, target market for
the product are the things that will influence in promoting the Laptop Table
Bag.
Channels of Distribution
A distribution channel is the path by which all goods and services must
travel to arrive at the intended consumer. Conversely, it also describes the
pathway payments make from the end consumer to the original vendor.
Distribution channels can be short or long, and depend on the amount of
intermediaries required to deliver a product or service. Distribution channels can
include wholesalers, retailers, distributors, and even the internet.
Figure 8: Channels of Distribution
Chapter II
TECHNICAL STUDY
Product Description
Technical Description
The Creative Bags Inc. laptop table bag is a laptop bag convertible to
laptop table that made of a light-weight material, ergonomically design, and can
be carried anytime and anywhere. With these product, you don’t have to carry
both the bag and the table. You will not endure backache or leg cramps
anymore, and can start working efficiently and effectively with your laptop.
The Creative Bags Inc. laptop table bag can be described as follows:
The overall plant size of the plant is 678m². The plant size will
accommodate the production area, the offices, warehouse and canteen,
restrooms, guard house and parking area.
The plant site will be located at Light Industry, Science Park II Turbina,
SLEX Turbina, Calamba, Laguna. The manufacturing site was selected because
it has low danger risk, has the utilities needed in production and assures
availability of raw materials, accessibility of highways for transportation and
public markets, accessibility to ways of communication and channels of
distribution of Creative Bag Inc.
Plant Site Map
Selection of the finest location for Creative Bag Inc. is very important. In
order to attain goals of the company, it should have the best location possible
without compromise. With this, the location for the Creative Bag Inc. is
established.
Utilities
Utilities keep the operation running. Utilities are the existing expenses of a
manufacturing plant that is used for the production of goods and products such
electricity, telephone, water and waste disposal.
Absence of electricity would greatly affect the operation. Electricity would
also give enough lighting and ventilation in the production area and power to
computers and other equipment that uses electricity. The plant will rely on the
local electricity provider and will have backup power sources (generator) for safe
keeping.
Telephone, as means of communication to the supplier and customers, is
also considered. The telephone line in the office with a call waiting feature will be
installed. Internet (Wi-Fi) will be provided in the administration building for
purchasing orders, company’s records and other communication needs of the
company.
Water supply, like electricity should always be present in the production
area. It is needed by workforce, in cleaning the production area and machines,
the comfort rooms, offices and so on. In the condition of water supply, the
company will rely on the local water supplier.
Plant Lay-out
Manufacturing Processes
Process Flow Chart
Production Process
Although several processing methods are used around the world, only
some of them are economically important from a global perspective. At the same
time, various local methods are highly valued. The process of manufacturing
Laptop table bags can be broken down into the following steps.
Sewing (15mins.)
To table insertion /
(1min.) 1.5m
finishing
Mounting of table
(5.42mins.)
and finishing
Inspection of
(5.33mins.)
finished product
Packaging of
(5.30mins.)
finished product
To storage area (2mins.) 3m
TOTAL 51.13mins.
35 product/
0.7188 hours
Quantity Output
(265 products
per day)
NOTE: Thirty five (35) products per day is based on a total of 450 minutes
working hours for each day.
Bill of Materials
Table 15: Bill of Materials for Creative Bags Laptop Table Bag
Item Name of Components Measurement Qty. Unit Price Total
No. (Php) (Php)
1 Polypropylene Fabric Yard 0.81 47.54 38.51
5 Zipper YKK
Lot 10 Blk. 1 first Philippine
Industrial Park II – SEZ, San
Rafael, Sto. Tomas, Batangas
Waste Management
Finally, utilities and waste disposal are taken into account indicating
specific utilities like electricity, fuel, water supplies and their respective uses,
quantity required, balances, availability of sources, alternative sources and costs.
Chapter III
MANAGEMENT STUDY
Introduction
The test for the feasibility of organization and management are important
aspects of this study. These involves the process of planning, leading,
organizing, staffing and directing ensuring that things within the business are in
order so as for the business to be successful. Organization and management are
the brains behind any manufacturing company.
Vision Statement
Mission Statement
Form of Organization
Creative Bags, Inc. is a Corporation type of business. Corporation is
the most common form of business organization, and one which is chartered
by a state and given many legal rights as an entity separate from its owners
Creative Bags, Inc. is one of the companies in the Philippines that
manufacture and distribute Laptop Bag that is convertible to a table. It was
governed by shareholders. The company assures for providing best products
that are suitable for protecting and preserving the environment.
TOTAL HEADCOUNT: 42
Organizational Chart
PRODUCTION SUPERVISOR
Supervise production operation in all allocated area of the plant or line to
ensure that products are made according to quality and quantity
specifications in timely manner.
Plan to allocate and identify the required resources to meet the planned
volume schedule and delivery.
Monitor performance indicator through efficiency, effectiveness
Implement improvement plans to meet the performance indicators.
SALES ASSISTANT
Meets revenue targeted by expanding sales in assigned accounts and
identifying new sales opportunities.
Creates marketing materials such as brochures and advertisements
Organize and coordinates meeting with customers
Prepare weekly sales report
Maintains relationships with customers by providing information,
confirmation, support and guidance.
Represents the company at trade exhibitions and events.
Assist in monitoring and collecting accounts receivables.
Acts as a main POC between the company and the customers.
PRODUCTION ASSOCIATES
(Fabric Cutting, Sewing, Table Insertion/Finishing, Inspection, Packing)
Responsible for operating equipment in the factory
Preparing the materials needed
Housekeeping in the working area
Involve assembling and checking products
Ensuring that machines run smoothly
Assisting in packaging and shipment of items
Other task assigned by superior
Observe and follow proper work procedure.
Check products thoroughly.
Ensure that all the forms issued by coordinating departments are properly
filled-up when required.
TECHNICIAN
Responsible in machine and equipment maintenance.
Production support
Preventive maintenance and monitoring of machine performance.
Follows occupational health and safety standards/programs
Safe keep hardware and materials
Inventory taking of tools and spare parts
Perform other duties and responsibilities which may be assigned by the
superior from time to time.
WAREHOUSEMAN
Receive incoming delivery (checks the purchase order vs. sales invoice)
Delivery of finished goods to the customers
Responsible in issuance of materials requested by other departments
Processing of delivery receipt and commercial invoice
Managing, organizing and retrieving stock in the warehouse
Carry stocks in and out of warehouse
Responsible in safe keep of raw materials and finished goods
Responsible for proper storage, segregation and handling of items to be
delivered.
Arrange the products for delivery.
Make sure to have proper endorsement to the Customer upon delivery of
goods.
Observe proper documentation and safekeeping of documents.
Conducts periodic inventory checks and assists with checking on any
discrepancies.
UTILITY
Clean and supply designated building areas (dusting, sweeping,
vacuuming, waxing, moping, cleaning ceiling vents, restroom, etc.)
Perform and document routine inspection and maintenance activity.
DRIVER
Responsible in transporting the finished goods to target customer.
Report any problem seen during delivery.
Perform the specific task assigned by the superior.
Obey company rules and regulations.
Help other section / department when the need arises.
Perform other duties and responsibilities, which may be assigned by the
superior from time to time
SECRETARY
Manage the daily/weekly/monthly agenda and arrange new meetings and
appointments
Prepare and disseminate correspondence, memos, and forms
File and update contact information of employees, customers, suppliers
and external partners
Support and facilitate the completion of regular reports
Develop and maintain a filing system
Check frequently the levels of office supplies and place appropriate orders
Document expenses and hand in reports
Undertake occasional receptionist duties
Chapter IV
FINANCIAL STUDY
Major Assumptions
11. Utilities expense for factory and office will also both increase by an
average of 5% yearly.
12. There will be 2% allowance for doubtful accounts based on the accounts
receivable at the year end.
13. Office supplies expense will increase by an average of 5% yearly.
14. Raw materials and indirect materials purchases will be 40% cash, 60%
credit purchases while 80% would be paid annually.
15. Repair and maintenance will increase by an average of 5% yearly.
16. Insurance expense and miscellaneous will increase by an average of 5%
yearly.
17. Income tax return rate of 30% will be used.
18. A sale in units is increased by 5% every year.
19. Sales invoice and official receipt will be both used.
Office Equipment 10
Transportation 10
Building 10
Total Project Cost
All costs which have been or are estimated to be incurred by the company
with respect to the acquisition, design, development, construction, debt financing,
leasing, and completion of a project, are initially estimated in the development
budget. Total Project Costs shall include all development, licensing and leasing
fees.
Capital Equipment
Office Equipment 255,699.00
Transportation Equipment 550,000.00
Production Equipment 493,380.00
Furniture and Fixtures 136,525.00
Leasehold Improvement 200,000.00
Total Capital Equipment 1635,604.00
Working Capital
Raw Materials 9,036,876.34
Direct Labor 994,207.50
Indirect Materials 64,357.79
Indirect and Administrative Salary 844,862.75
Water 18,522.00
Electricity 194,000.17
Communication 17,394.00
Office Production and Helper's Supplies 12,290.75
Fuel & Toll Fee 27,234.75
Total Working Capital 11,209,746.05
Pre-operating Expense
Car Registration & Insurance 18,060.00
Government Fees 24,680.00
Advertising 40,000.00
Maintenance & Repair 24,800.00
Total Pre-operating Expense 107,540.00
Financial Statement
The profit is the primary objective of every business. Various parties such
as management, shareholders, investors, creditors, and government agencies
are interested to know the success of business operations of the company in
terms of profitability. The companies periodically provide this information through
preparing and publishing an audited income statement. Moreover, all publicly
owned companies are legally required to prepare and publish an income
statement as a part of their annual reports.
Cash flow is the money (cash) that flows into and out of your business.
Having good cash flow is crucial to keeping your business up and running, and
also looks good in the eyes of potential investors and lenders/creditors. It also
can allow you to pay off debt and expand your business. The cash flow
statement (also known as the statement of cash flows) is a good consolidated
indicator of a business’s cash inflow and outflow. It breaks down these cash
flows into three distinct categories: operating activities, investing activities, and
financing activities.
Not only do these reports share vital information about your business with
interested parties (shareholders, potential lenders, and creditors, to name a few),
but you can also use them to get a good sense of whether your business is
financially healthy or headed for trouble. It’s also a great tool for your own
accounting department because it can help determine whether there’s enough
cash flow to cover upcoming expenses like payroll. It can also be useful to
compare the cash reported under the operating activities section with the net
income reported on the income statement: if the cash reported is consistently
higher than net income, that’s a good sign (the business is bringing in more cash
than it’s using), and if not, then that’s a red flag that merits some further
investigation.
Balance Sheet
A balance sheet is one of several major financial statements you can use
to track spending and earnings. Also called a statement of financial position, a
balance sheet shows what your company owns and what it owes through the
date listed. It displays this information in terms of your company’s assets,
liabilities, and equity. Assets are any items your business owns. Liabilities are
payments your business needs to make. Equity is the amount your business’s
shareholders own. On balance sheets, the assets are ideally equal to, or balance
out, the liabilities and the equity.
It’s clear that balance sheets are critical documents because they keep
business owners informed about the company’s financial standing. Typically, if
the ratio of the business’s assets to liabilities is less than 1 to 1, the company is
in danger of going bankrupt, and need to make some strategic moves to improve
its financial health. Balance sheets are also important because these documents
let banks know if the business qualifies for additional loans or credit. Balance
sheets help current and potential investors better understand where their funding
will go and what they can expect to receive in the future. Investors appreciate
businesses with high cash assets, as this insinuates a company will grow and
prosper.
Profitability Ratio
Profitability ratios are financial metrics used to measure and evaluate the
ability of a company to generate income (profit) relative to revenue, balance
sheet assets, operating costs, and shareholders’ equity during a specific period
of time. They show how well a company utilizes its assets to produce profit and
value to shareholders. The ratios are most useful when they are analyzed in
comparison to similar companies or compared to previous periods.
Table 22: Profitability Ratio
Table 22 shows that on the first year of operation, 21.7% represent profit
for every peso of sales. This net profit margin will remain almost constant if the
number of devices to be sold will increase in a constant rate of 5% and no major
changes in tax laws and inflation rate. Based on the figure above the researchers
were able to conclude that the project is feasible considering that the net profit
margin is positive each year.
Return on Investment
Shareholder Ratio
A company can finance its assets either with equity or debt. Financing
through debt involves risk because debt legally obligates the company to pay
interest and to repay the principal as promised. Equity financing does not
obligate the company to pay anything – dividends are paid at the discretion of the
board of directors. There is always some risk, inherent in any operating segment
of a business. But how a company chooses to finance its operations – the
particular mix of debt and equity – may add financial risk on top of business risk.
Financial risk is the extent that debt financial is used relative to equity.
The decreasing trend in the debt ratio from the years 2018 to 2021
indicates that the firm is becoming more independent with the borrowed funds to
finance its assets. There is a lesser risk on part of the firm for the satisfaction of
the creditors before the owners.
Liquidity Ratio
As shown by the table, the current ratio had a net increase from 2018 to
2027. This shows that the firm has the capacity to meet all of its current
obligations and still have some assets left for the owners. It also indicates an
improving financial situation and liquidity of the business.
Activity Ratio
Activity ratios are a category of financial ratios that measure a firm's ability
to convert different accounts within its balance sheets into cash or sales. Activity
ratios measure the relative efficiency of a firm based on its use of its assets,
leverage, or other similar balance sheet items and are important in determining
whether a company's management is doing a good enough job of generating
revenues and cash from its resources. Activity ratios measure the amount of
resources invested in a company's collection and inventory management.
Because businesses typically operate using materials, inventory, and debt,
activity ratios determine how well an organization manages these areas.
Above table shows inventory turnover per year. This indicates that the
inventory management of Creative Bags Inc. is well maintained over time.
Payback Period
The payback period refers to the amount of time it takes to recover the
cost of an investment. Payback period is the length of time an investment
reaches a breakeven point. The desirability of an investment is directly related to
its payback period. Shorter paybacks mean more attractive investments. The
concept of the payback period is generally used in financial and capital
budgeting. But it has also been used to determine the cost savings of energy
efficiency technology.
Table 28 shows that the payback period is 1.27 years. It only shows that
the loan will be fully paid before the end of the 2nd year.
CHAPTER V
LEGAL STUDY
Business Registration
Starting a business in the Philippines is easy and does not have to be a
daunting task.
1. Verify and reserve the company name with the Securities and
Exchange Commission (SEC)
Agency: Securities and Exchange Commission
The name search can be done electronically via the SEC's online
verification system, but applicants must pay for the reservation fee on site
at the SEC. Once the reserved name was approved by the SEC, it costs
PHP 100 (fixed) for the first 30 days. The reservation certificate is obtained
in-person at SEC.
4. Register the company with the SEC and pre-registration for Taxpayer
Identification Number (TIN), Security System (SSS), Philippine Health
Insurance Company (PhilHealth), and Home Development Mutual
Fund (Pag-ibig Fund).
Agency: Securities and Exchange Commission
The company can register online through SEC i-Register, but
entrepreneurs must pay at the SEC. The following documents are required
for SEC registration:
a. Company name verification slip;
b. Articles of incorporation (notarized) and by-laws;
c. Treasurer's affidavit (notarized);
d. Statement of assets and liabilities;
e. Registration data sheet with particulars on directors, officers,
stockholders, and so forth;
f. Written undertaking to comply with SEC reporting requirements
(notarized);
g. Written undertaking to change corporate name (notarized).
On August 15, 2011, SEC launched the Green Lane Unit (GLU) that
provides 1 day registration of applications for stock corporations and
partnership. In practice, it takes 1-3 business days to process
incorporation papers and obtain SEC approval.
10. Pay the registration fee and documentary stamp taxes (DST) at the
AAB
Agency: Bureau of Internal Revenue
The rate of documentary stamp tax on original issuance of shares of stock
shall be PHP 1.00 for every PHP 200.00 or fractional part thereof, of the
par value, of such shares of stock.
The documentary stamp tax return shall be filed and the tax paid on or
before the fifth (5th) day after the close of the month of approval of SEC
registration.
Cost: (PHP 500 registration fee + PHP 5,165.345 DST on original
issuance of shares of stock. DST on the lease contract is not included in
the computation of the cost).
11. Obtain the authority to print receipts and invoices from the BIR
Agency: Bureau of Internal Revenue
The authority to print receipts and invoices must be secured before
printing the sales receipts and invoices.
a. Accomplish BIR Form 1906 and submit the same together with the
documentary requirements to RDO where the HO is located or
concerned office under the Large Taxpayer Service;
b. Keep/File PCD and ATP copy duly received/issued by BIR for audit
purposes;
c. Taxpayer’s branch office shall furnish its RDO a copy of the ATP
issued by the appropriate BIR office having jurisdiction over the
head office.
ARTICLES OF INCORPORATION OF
CREATIVE BAGS, Inc.
KNOW ALL MEN BY THESE PRESENTS
ARTICLE I
The name of this organization is Creative Bags, Inc.
ARTICLE II
That the purpose for which such corporation is Corporation engages
business in the Philippines.
ARTICLE III
The principal office of the corporation will be located at Light Industry and
Science Park II, Turbina SLEX, Calamba City, Laguna.
ARTICLE IV
That the term for which for which Creative Bags, Inc. is to exist 50 years
from and after the date of issuance of the certificate subject to the dissolution
prior to the date of the issuance of the certificate subject to dissolution prior to the
date depending to the decision of the board and renewal in accordance with the
laws.
ARTICLE V
That the names, nationalities and residences of the incorporators of the
corporation are as follows:
Name Nationality Residence
Winefredo Villar, Jr. Filipino Calamba City, Laguna
Geofrey Julian Alcantara Filipino Batangas City, Batangas
Michelle Bagacay Filipino Sucat, Parañaque City
Ma. Hazel Posadas Filipino Calamba City, Laguna
ARTICLE VI
The number of Incorporators shall be three (3); and the names,
nationalities and residence of the directors of the Corporation are as follows:
Name Nationality Residence
Winefredo Villar, Jr. Filipino Calamba City, Laguna
Geofrey Julian Alcantara Filipino Batangas City, Batangas
Michelle Bagacay Filipino Sucat, Parañaque City
Ma. Hazel Posadas Filipino Calamba City, Laguna
ARTICLE VII
That the authorized capital stock of the corporation is 16,000 common
shares with par value of 1000 pesos; where in the capital share in excess of par
is to be divided among the incorporators.
ARTICLE VIII
That hundred percent (100%) of the authorized capital stock above started
has been subscribed as follows.
Subscribers Amount Subscribed Amount Paid
Winefredo Villar, Jr. 4,000,000 1,500,000
Geofrey Julian Alcantara 4,000,000 1,500,000
Michelle Bagacay 4,000,000 1,500,000
Ma. Hazel Posadas 4,000,000 1,500,000
ARITCLE IX
The mentioned subscribers above have paid at least twenty five percent
(25%) the total subscription.
ARTICLE X
That, Ma. Hazel M. Posadas has been elected by the subscribers as
Treasurer of the corporation to act as such, her successor is duly elected and
qualified in accordance with the by-laws, and that as such, she has been
authorized to receive for in the name and the benefits of the corporation all
subscriptions, fees, donation or contribution paid or given by the subscribers or
members.
“No transfer of stock or interest which will reduce the ownership of the
Filipino citizens to less than the required age of the capital stock as provided by
existing laws shall be allowed or permitted to be recorded in the proper books of
the corporation and his restriction shall be indicated on all stock certificates
issued by the corporation”. In witness, we have here unto signed Articles of Co.,
this 17th day of December, in Calamba City, Province of Laguna, and Republic of
the Philippines
CHAPTER VI
SOCIO-ECONOMIC ASPECT
In establishing a business, varied contribution and benefits are shared
within the community where it is located. It exists not only to the benefit of the
owner but also the workers, the customer, the community, and the society as a
whole.
Economically speaking, it helps the government in uplifting the assurance
of security of the community and business establishments, promotion of social
development program specifically through creation of productive employment
opportunities, and improvement of the living standards of the community.
As such, Creative Bag Inc. aims to achieve the following socio-economic
benefits:
1. Contribution to the Philippine Economy
Creative Bag Inc. will contribute to the economy through payment of
appropriate taxes incurred with its operation, thus increasing government
revenues for improvement of community facilities and services. Moreover, the
company will also aid the government in reducing the need for energy
consumption preserving much needed energy. It can be also a contributor to
build and develop infrastructure here in the Philippines which helps Filipinos in
their every day of living. In addition to that multiplier effect will also occur within
the local and regional economy which contributes to further economic growth.
2. Employment Generation
One of the greatest problems of the country nowadays is the mass
unemployment. The proposed project, though not necessarily hire too many
employees at the start will definitely help resolve the said problem by increasing
direct and indirect employment within the community and provide income for the
prospective workers. Creative Bag Inc. will directly prioritized applicants who are
near or resident of the place where the company is located as much as possible.
Therefore, the standard of living of the chosen employees will boost up and can
contribute to lessen the poverty rate and unemployment growth in the particular
4. Environmental Concerns
Different types of treatment will be implemented in order to protect our
environment such as:
OBJECTIVE
WORK EXPERIENCE
Process Technician
January 2014 – Present
Line Technician
March 2013 – January 2014
AMERTRON INC.
Km. 17, West Service Road South Superhighway, Paranaque City
Line Technician
September 2007 – April 2012
SKILLS
EDUCATION
UNIVERSITY OF BATANGAS
Bachelor of Science in Industrial Engineering
Security Management Department National Road, Hilltop Kumintang Ibaba,
Batangas City
2018 – Present
WORKING EXPERIENCE
Quality Controller, Monitor Hourly & Daily reject rate, Sorts reject per
judgment/Appearance.
TDK PHILIPPINES INC.
Operator 1
Laguna Technopark, Biñan Laguna
Feb. 11, 2008 to Jan. 25, 2012
SKILLS
PERSONAL DATA
REFERENCES
Jon-Jon Sulit
Operations Manager - Asia
Everbrilliant Mfg. Co. Inc.
(049) 530-1219 loc. 203
+63 917-309-0507
asulit@everbrilliant.com.ph
Loralie Salandanan
Finance and Admin. Manager
Everbrilliant Mfg. Co. Inc.
(049) 530-1219 loc.202
+63 932-656-9584
lsalandanan@everbrilliant.com.ph
Edu Panaligan
Facilities and Engineering Supervisor
Everbrilliant Mfg. Co. Inc.
(049) 530-1219 loc.208
+63 939-728-8400
epanaligan@everbrilliant.com.ph
WINIFREDO G. VILLAR JR
BLK.26, LOT 24, VILLA PALAO SUBDIVISION, BRGY BANLIC
CALAMBA CITY, LAGUNA, PHILIPPINES 4027
Mobile No. +63065470558
Email: jhunvillar05@yahoo.com / jhunvillar12345@gmail.com
Skype: Jhunvillar03
OBJECTIVE:
SKILLS:
WORK EXPERIENCE:
QUALIFICATIONS:
EDUCATIONAL BACKGROUND:
UNIVERSITY OF BATANGAS
(BSIE) Bachelor of Science in Industrial Engineering
Kumintang Ibaba, Hilltop, Batangas City
2018-Up to present
ACLC AMA COMPUTER LEARNING CENTER
(CSNT) Computer System and Network Technology
Alabang Muntinlupa City Philippines
2004-2006
PERSONAL DATA:
Age: 38 Yrs. Old
Birth date: February 3, 1981
Birthplace: Pasay City, Philippines
Civil Status: Married
Nationality: Filipino
Religion: Roman Catholic
Height: 5’8 ½ Ft.
Weight: 195 Lbs.
Father’s name: Winefredo T. Villar Sr.
Mother’s name: Ligaya G.Villar
SSS ID#: 04-11075705
TIN ID#: 252-227-463
Passport#: P547758A
Driver Lic#: D1217015229
REFERENCES :
Jobel Guason
Product Development Engineer
Infineon Technologies
Ariel Aron
Test Engineer
Infineon Technologies
Arnold Sanchez
Engineering Manager
IMI Inc.
Mario Christopher Celino
Engineering Manager
IMI Inc.
Julian GeofreyG.Alcantara
Email: juliana@gnpowerkauswagan.com I jgalca3@yahoo.com
Address: 1225 KumintangIbaba, Batangas City, Philippines
Mobile #: +639228080388, +639168821032
JULIAN is a C&I Engineer with combined experience in Coal-Fired Power
Plant, Oil and Gas, Petrochemical, Construction, Maintenance, Commissioning
Supervision, Trouble Shooting and Project Management. Involve in
Construction, Field Engineering, Maintenance, Pre-Commissioning and
Commissioning of Instrumentation systems.
WORK EXPERIENCE
.
AREAS OF EXPERTISE GNPK 4x135MW Coal-Fired Power Plant / Kausawagan, Lanao Del
Norte Philippines GN Power Kauswagan I 1905 Orient Square Bldg.,
Commissioning
Don Francisco Ortigas Jr Road, Pasig City
Pre-operational Testing
Quality and Functional
C&I QA/QC Engineer / Inspector I Oct 2018 - Present
Inspection
Main responsibilities
Instrumentation Engineering
Maintenance The duties and responsibilities include but are not limited to:
2x23.5MW TM2500 Gas Turbine SLPGC │Calaca, Batangas, PHI Jul 2015-
Jul2016
Review and Study project proposals and design architecture for remote
monitoring and integration from GT PLC to Local CCR. SAT of 2 units of
TM2500 Gas Turbines and all the control system components.
Andy Horsnell
Senior Site Project Manger
Jacobs Projects Philippines
+639176237652
Robert Cuthbertson
Principal Project Manager
Jacobs Projects Philippines
+63 917 870 4806
+44 7801 778 729
John Roberts
Senior Executive Engineer I Performance Engineer
Jacobs Group Australia
+61 414 784 438
Robert Cuthbertson
Principal Project Manager
Jacobs Projects Philippines
+63 917 870 4806
+44 7801 778 729
Christian Manansala
Senior Project Engineer
Shanahan Engineering Ltd. Dublin, Ireland
+63 9052761322
+63 9296475133