II.

THE BUSINESS PROFILE

a. General Description of the Business Rationale

MARX Kitchen Co. is a partnership-based corporate entity that specializes in the food

processing industry. Its four members are Myren G. Granado, Annie Pia De Vera and Xyreline

P. Ludovice. The product that we will introduce to our target market is Fish Dumpling which is

made from Sardine Fish (Tamban in tagalong and Lawlaw in Bicol) which is commonly known

in our municipality which is Bulan, Sorsogon. MARX kitchen Co is our company’s name

because we use the proponents initial name and we want it to be pronounce easily.

The proponents make this product proposal to served valued customer a new product

dishes that will gives a healthy food that the adults and youngsters will enjoy. The proponents

use fish instead of pork and added vegetables that will surely fill their tummy. This new variety

of dumpling products will surely love by the customers because of the taste and health benefits

that may gain from fish and vegetables.

THE LOGO

Our logo is as simple as our company. We used circular shape that

means the wholeness and solidarity of our company. The outer circle

refers as protection that we up holds in the company. We also used

big and red font in our business name because we are aiming for the

success of our organization. The white background carries the cleanliness that we maintain in our

company. And lastly, the main feature in the circular shape is our product which is the fish

dumpling.
1
Location of the Business

Figure 2. Location of the Business

On the first year of the business operation, the site of production will be at Sorsogon

State University- Bulan Campus, Zone 8 Bulan Sorsogon since it is the easiest way for our

customer to locate us. This site also has a tools and equipment that needed in production

provided by the MARX kitchen Co.

b. Industry Background

The precise definition of a dumpling is controversial, varying across individuals and cultures.

The term emerged in English by the 17th century, where it referred to a small lump of dough

cooked by simmering or steaming. The definition has since grown to include filled dumplings,

where the dough encloses a sweet or savory filling. Dumplings can be cooked in a variety of

ways, including boiling, simmering, and steaming, and occasionally baking or frying; however,

some definitions rule out baking and frying in order to exclude items like fritters and

other pastries that are generally not regarded as dumplings by most individuals.

2
 Michelle Koh Morollo 2021, Dumplings have been around for a long time in the cuisines

of many different cultures. The first dumpling recipe appeared in a Roman cookery manuscript

called Apicius, which was assumed to have been written sometime in around A.D. 400,

and archeologists have found evidence of dumplings being eaten in China during the Tang

dynasty and in Switzerland as far back as 3,600 B.C.

According to S. Huang. Apart from steamed bread and noodles, Chinese dumplings are

another significant traditional wheat flour-based food in China. They are popular not only

throughout China, but also in Japan, Korea, and Southeast Asian countries. Chinese dumplings

were traditionally eaten on special occasions: festivals and celebrations; however, they are

becoming more widely consumed as living standards in China continue to improve. Chinese

dumplings are usually made from wheat flour dough sheeted to a thickness of 1.5 - 2.0 mm; this

sheet forms a skin which is used to wrap a variety of delicious fillings. The fillings usually

consist of mincemeat, vegetables, seafood or a mixture.

Dumplings is an Asian recipe, although it came from foreign countries, was loved by

many Filipinos. Dumpling is a delicious, bite-sized that’s made of savory ingredients wrapped

in dough and cooked. Dumplings can be steamed, boiled, or fried. Dumpling’s filling is

made up of either ground pork, chicken or fish, beaten egg, garlic, ginger, s e s a m e

oil and soy sauce. For the past food fairs in the University of Northern

Philippines, we haven’t seen anyone sell dumplings before.

Chinese dumplings, or jiaozi, are one of the most historic foods in existence. Much of the

food we eat today has only been around for a few hundred years, but the Chinese have made

jiaozi for over 2000 years. The concept of a dumpling is fairly simple. The most broad definition

3
out there describes a dumpling as a small amount of some sort of dough that is boiled, fried, or

steamed. These dumplings are also wrapped in a very specific way. Using the circle wrapper, the

dumplings are wrapped in a crescent shape. Along the rounded edge, there are specific pleats.

Dumpling consumption is thought to have begun around 200 BCE during the Han Dynasty. The

Chinese had figured out how to grind flour about 300 years earlier, which led to noodles and,

eventually, dumplings. Some say that the fish dumplings were made with lamb and pepper, but

since then, they have adapted. Most dumplings now have a pork mixture as their filling.

The price of dumplings considers in a high cost because of its ingredients its industry still

booming and successful. The most important thing that our customers may get from the

company`s product is the nutrition in the dumplings since its main ingredients have a lot of

health benefits. This new variety of dumpling products is delicious and healthy because of the

fish and vegetables.

To support the local economy of the Province of Sorsogon, our group wants to create a

new variety of dumpling which is the fish dumplings. Its main ingredient is "tamban" fish or

commonly called as lawlaw here in Bulan. Tamban is the fish that never disappears from the

market but is sometimes rarely eaten by people. So, we turned this into a filling of dumpling. On

February 2023 our finished product was divided by our group to sell it in order to get feedbacks

and it turns out that even kids could eat it even without asking what was the filling of dumpling.

In that case we learned that our dumpling is not just for teens and adults but is also for kids.

Name Address Number of Tamban Fish can

supply every week
Ridentor Gimena Zone 2 Bulan Sorsogon 20kg

Salvador Geroy Sitio Pawa, Lajong Bulan, 40kg

4
 Sorsogon

Table 1. Suppliers of Tamban Fish

c. Goals and Potential

To produce and make a healthy new variety of dumplings we must consider the benefits,

taste, quality and price of the product. Our product focused on providing healthy processed fish

product and replace the original main raw materials of the product from pork, chicken and

vegetables into tamban fish dumplings.

d. VMGO

Vision

Envision to be the first manufacturer and seller of fish dumpling in Irosin, Sorsogon.

Mission

To develop a business that is dedicated to providing safe and satisfied customer while

offering a reasonable price.

Goals

 To provide and offer our customer with quality and locally grown type of food and

experience fish dumplings.

 Continue to provide excellent customer service throughout the entire process.

 To meet the target sales, revenue, and profit.

5
Objectives

MARX KITCHEN Co. wants to give a new variety of dumplings with filling of tamban fish. To

achieve this, the proponents will do the following objectives:

 To offer customers a high quality type of food with premium raw materials.

 To help the local fisher mans by buying their harvest.

 To deliver a quality product in order to gain the customer’s satisfying feedback.

 To promote local product

 To provide the consumer with a healthy and nourishing food product.

6
 ENDNOTES.

Wei, W. (1:31, 2013) Origin and practice of dumpling. Agric. Prod. Process. (in Chinese)

Allani, Barbara (2015). Dumplings: a global history. London, UK Davidson, Alan (2014). Tom

Jaine (ed.). The Oxford companion to food (3rd ed.). New York.

Labensky, Sarah R.; Alan M. Hause; Priscilla Martel (2019). On cooking: a textbook of culinary

fundamentals (Sixth ed.)he Professional Chef (9th ed.). Hoboken, N.J.: John Wiley & Sons.

2011.

Michele Koh Morollo (May 28,2021) A short history of dumplings

Sidi Huang, Wheat Products 2: Bread, Cakes, Cookies, Pastries and dumplings in ‘Asian

Foods’ Technomic, Lancaster, Pennsylvania (1999).

Wei, W. (1:31, 2013) Origin and practice of dumpling. Agric. Prod. Process. (in Chinese)

7
 III. MARKETING PLAN

a. Product Description

Our product which is FISH DUMPLINGS is made from tamban fish together with some

vegetable such as carrots and onion leaves. We came out with this idea since a lot of dumplings

are commonly filled with pork, chicken and beef. The popularity of dumplings as snacks and

appetizer nowadays are undeniable so we made a product fish dumplings which you can eat as

appetizer, snacks, and as viand. By this idea, our product intended to create a healthy food.

b. Market Description

The market, consumers and the people in general will never stop demanding for

something that is new, something that goes within the trends, something that is tested

through a set of standards for quality and something that comes with a reasonable price. And that

is where we found the idea to make the fish dumplings.

The target customers of MARX kitchen Co. will be the middle class family or household

in Irosin Sorsogon who buys food in Irosin Marketplace. The product fish dumpling will be

distributed in 3 retailers in Irosin and in SorSu Pasalubong Center which is located at Zone 8,

Bulan Sorsogon. The first retailer is Shalen Gacias Gabito Meat Shop located at Irosin

Marketplace, second is food retails which is located at Brgy. Casini, Irosin and the third one is

Sari-Sari store that is located at Brgy. San Agustin Irosin.

Barangay Total Household Respondents

San Agustin 648 40

San Juan 562 40

San Julian 682 40

8
Sto. Domingo 243 40

Casini 291 40

Total 2,462 200

Table 2: Target Market

The table above shows the chosen Barangay to sell our product. In the first column shows

the Barangay, next is the Total Household and lastly is the number of respondents where we will

sell our product.

In addition to this, last March 6, 2023 the proponents conduct an online and face-to-face

survey to gather data from the respected target market where the respondents is 40 household

from from Casini, 40 from San Juan, 40 from San Agustin, 40 from San Julian and 40 from Sto.

Domingo, the total of 200 respondents.

Figure 3. Survey result of family ever eaten a dumplings.

The table show the family or household that have already eaten a dumplings. The

95% of household in Casini answered Yes and the other 5% said No. The next is in San Juan,

40% said Yes and 60% said that they did not ever tasted a dumpling. In San Agustin, 65% said

Yes and 35% said No. ext is in San Julian, 85% of respondents said that they have eaten a

9
dumpling and 15% said No. And lastly, in Sto. Domingo 50% of respondents says Yes and 50%

no.

Figure 4. Survey results of a household family that are willing to eat Fish Dumpling

The table show the family or household that have already eaten a dumplings. The 100%

of household in Casini answered that they are willing to eat. The next is in San Juan, 80% said

Yes and 10% said that they did not ever tasted a dumpling. In San Agustin, 95% said Yes and

5% said No. Next is in San Julian, 90% of respondents said that they have eaten a dumpling and

10% said No. And lastly, in Sto. Domingo 100% of respondents says Yes.

Figure 5. Survey results of how many packs they can consume per week.

10
 In Casini 75% in 40 respondents said that they can consume 1 packs of

Dumplings and 25% says 2 packs. Household at San Juan 80% said 1 packs and the other 20%

said 2 packs. In San Agustin 65% said 1 pack and 35% can consume 2 packs. The 90% in San

Julian can consume 1 pack and 10 % says 2 packs. Lastly, the 95% of the respondents in Sto.

Domingo says 1 pack and the rest said 2 packs.

The survey data is used by the proponents to define how many packs of Fish

dumpling will be produce weekly. The MARX kitchen Co will produce 238 units of Fish

Dumpling weekly. The total units that will be produce weekly are presented below:

Barangay Respondents Total number of packs of

dumpling can buy in a week

San Agustin 40 54 packs

San Juan 40 48 packs

San Julian 40 44 packs

Sto. Dominggo 40 42 packs

Casini 40 50 packs

Total 400 238 packs

Table 3: Total units of dumplings can buy in a week

SWOT ANALYSIS

STRENGHT WEAKNESS

11
  Uniqueness of the product  Lack of finance

 Quality product  Lack of equipments for mass

 Reasonable Price production

OPPORTUNITIES THREATHS

 Creation of New Market  More frozen goods competitors

 High demand due to the affordability of the  Inflation increases the cost of

product production

 Further study to improve the product 

Table 4. SWOT ANALYSIS

12
 c. Distribution Strategy

MARX kitchen Co

SorSu Retailer 1 Retailer 2 Retailer 3

Pasalubong
Center In Irosin In Irosin In Irosin

Consumer Consumer Consumer Consumer

Online Platform

Figure 6. Distribution Strategy

The Fish Dumpling product will deliver at SorSu Pasalubong Center and in three

different retailers at Irosin, Sorsogon where the consumer can avail. The company will offer

delivery to the consumer around Bulan Poblacion especially if they purchase more quantity of

our product.

Marketing Strategy

13
 The main success in releasing the FISH DUMPLING is throughout this successful

method. Personal Promotion is the way to communicate directly to the buyers and sellers while

our Advertising Strategy is through our company's social media accounts wherein we will use

online platform to advertise our product since it is the most convenient and easy to use for

advertising. Our company has Facebook Page MARX kitchen Co. where customer can reach us

out and order our product and customers can also message us on our email which is

marxkitchenco@gmail.com or dial the number 09129408984.

14
ENDNOTES

Gallani, Barbara (2015). Dumplings: a global history. London, UK

Ko, Genevieve (1 February 2021). "Now's the Time for Homemade Dumplings". The New York

Times. ISSN 0362-4331. Retrieved 12 August 2021.

Medically reviewed by Katherine Marengo LDN, R.D., Nutrition — By Diana Wells — Updated

on March 2, 2020

15
 IV. PRODUCTION/OPERATION PLAN

a. The Product

Figure 7.

The Product

Figure 8. Sticker Label

MARX kitchen Co. dumpling is 10 pieces per pack and each pack is 120 grams and we

offer it for an affordable price worth of 50 pesos. Our Fish Dumpling is pack in a vacuum sealing

bag so rest-assured that it's safe and was sealed properly. We used color orange in our sticker to

attract the eyes of the buyers. We also used big fonts in the name of our product so that it can be

16
read easily and the customer can immediately determine what our product is. We also added

other details such as the Net Wt, tagline, cooking suggestion, contact details, email account,

facebook account and we also included the qr codes of our facebook page in order for the

customer to site it instantly.

b. Production Process

In every 1 kilo of fresh tamban can make ¼ kilo of tamban flakes, and in ¼ kilo the
tamban flakes can yield 60 pieces dumplings or 6 packs of 120g fish Dumplings.

Production Process

1
2 3

17
 5 4

Figure 9. Deboning Procedure

1st. Removing the head, gill, and tails of the fish.

Materials needed- Knife, chopping board, basin.

Time- 25 minutes

2nd. Cleaning the fish with clean water.

Materials needed- basin and water.

Time- 10 minutes

1 2 3

18
5 4

19
8 7

Figure 10. Making Dumpling Fillings Procedure

1st. Washing, peeling, and grating carrots.

Materials needed- Water, peeler, grater, and bowl

Time- 10 minutes

2nd. Cutting Onion leaves.

Materials needed- plate, chopping board and knife.

Time- 5 minutes

3rd. Mix the fish flakes and cornstarch.

Materials needed- mixing bowl and spatula

Time- 1 minute

4th. Put the vegetable, grated carrots and the onion leaves.

Materials needed- mixing bowl

Time- 1 minute

5th. Put the dry ingredients such as onion powder, garlic powder, pepper, and salt.

Materials needed- measuring spoon.

Time-

6th. Put the liquid seasonings such as soy sauce and oyster sauce.

Materials needed-measuring spoon.

Time- 2 minutes

20
7th. Put the eggs.

Materials needed-

Time- 1 minute

8th. Lastly is mix well untill all ingredients are well combined.

Materials needed- spatula

Time- 5 minutes

1 2 3

6 5 4

21
 7 8 9

12 11 10

13

Figure 11. Making dumpling wrapper ingredients.

1st. sift flour to remove lumps.

Materials needed- Flour Sifter, Mixing Bowl

Time- 5 minutes

22
2nd. Put the eggyolk in sifted flour.

Materials needed- Mixing Bowl

Time-1

3rd.. After mixing the flou and eggyolk, put water.

Materials needed- water, mixing bowl, spatula

Time- 5 minutes

4th. Knead the flour to make the dough.

Materials needed-

Time- 5 minutes

5th. Rest the dough.

Materials needed- mixing bowl

Time- 30 minutes

6th. Knead the dough again.

Materials needed-

Time- 5 minutes

7th. Rest.

Materials needed- mixing bowl

Time- 45 minutes

8th. Flat the dough until you get the preffered thin of the wrapper.

Materials needed- pasta flatter machine

Time- 30 minutes

9th. After faltting the dough, cut it circular into desire shape.

Materials needed- dough cutter

Time- 15 minutes

23
10th. Molding. Put the circular shape of the dough in the molder, fill with fish and
vegetable mixture and press the molder.

Materials needed- molder

Time- 1 hour

11th. After molding, put it steamer and steam it.

Materials needed- steamer, fire, water

Time- 2 hours

12th. After cooling down the steamed dumpling, put it in a vacuum sealing bag and press
the vacuum sealing machine to seal it.

Materials needed- vacuum sealing machine, vacuum sealer bag

Time- 1 hour

13th. Finish product, ready to put some sticker label.

24
 c. Cost of Production

Direct Materials Quantity Unit Price Cost

Tamban 40.00 Kilo ₱ 50.00 ₱ 2,000.00

All purpose flour 9.80 Kilo ₱ 60.00 ₱ 588.00

Egg 80.00 pieces ₱ 8.00 ₱ 640.00

Carrots 4.60 Kilo ₱ 98.00 ₱ 450.80

Onion powder 0.32 Kilo ₱ 300.00 ₱ 96.00

Garlic powder 0.32 Kilo ₱ 220.00 ₱ 70.40

Soy sauce 0.70 Liter ₱ 53.00 ₱ 37.10

Oyster sauce 0.70 Liter ₱ 120.00 ₱ 84.00

Black pepper 0.16 Kilo ₱ 300.00 ₱ 48.00

Salt 0.48 Kilo ₱ 50.00 ₱ 24.00

Total direct materials ₱ 4,038.30

Table 5. Total direct materials

The Table above shows the total direct materials where in the first column is the Direct

Materials, next is the Quantity, next is the Unit, and the Cost per unit, and the last column is the

Total cost. From this total direct materials can yield 2,400 pieces of fish dumplings or 240 packs

of 120g Fish Dumpling.

Direct

25
Person involve Rate per day Total

4 365 ₱ 2,660.00

Table 6. Total direct labor

The table shows the total direct labor which is ₱ 2,660.00. ₱ 1,460.00 for the proponents

and the ₱ 1,200.00 is for hired people for deboning.

Manufacturing Overhead

Production utilities ₱ 300.00

Production supplies ₱ 73.75

Packaging ₱ 1,368.50

Depreciation- Tools and Utensils ₱ 29.83

Depreciation- equipment ₱ 45.05

Other production expenses ₱ 121.15

Total Manufacturing Overhead ₱ 1,938.27

Table 7. Total Manufacturing Overhead

The table shows the Production Utilities is ₱300.00, Production supplies is ₱73.75,

packaging is ₱1,368.50, Depreciation tools and utensils is ₱29.83, depreciation of equipments is

₱45.05, and for the other production expense and the Total Manufacturing Overhead is ₱

1,938.27.

Total Direct Materials ₱ 4,038.30

Total Direct Labor ₱ 2,660.00

26
Total Manufacturing Overhead ₱ 1,938.27

Total Manufacturing cost ₱ 8,636.57

Table 8. Total Manufacturing Cost

The table shows the total direct materials which is ₱4,038.30, Total Durect Labor which

is ₱2,660.00, Total Manufacturing Overhead which is ₱1,938.27 and the Total Manufacturing

Cost is ₱8,637.57.

Total manufacturing cost ₱ 8,636.57

Divided by: Units produced 238.00

Cost per Unit ₱ 36.29

Mark up 37.79% ₱ 13.71

Price ₱ 50.00

Table 9. Selling Price

The table shows the ways on how we get the selling price. The total manufacturig cost

was devided bythe unit produce which is 238 resulting the cost per unit. We added 37.79 mark

up to get the ₱50.00 selling price

a. Physical Resources, Facilities, and Equipment

The tools and equipment will be using in making our product are listed below:

27
Figure 12. Tools and Equipment

28
 Ingredients

TAMBAN FISH ALL-PURPOSE ONION CARROTS

FLOUR LEAVES

ONION GARLIC PEPPER SALT

POWDER POWDER POWDER

OYSTER SOY SAUCE EGG

SAUCE

Figure 13. Ingredients

Facilities

29
 Figure 14. Facilities

The manufacturing place of the business is composed of Cooking Area, Washing Area,
Mixing Area, Molding Area, Packaging Area, Cooling area, Freezer and comfort room.
The design is to have good place for manufacturing Fish Dumplings.

30
ENDNOTES.

https://shopee.ph/Fujidenzo-10-cu.-ft.-Dual-Function-Solid-Top-Chest-Freezer-Chiller-FC-
10ADF-%28White%29-i.154592248.2694235203

https://shopee.ph/Trending-Puto-Steamer-Lutuan-Stainless-Steel-Steamer-Cookware-
Multi-functional-3-Layers-Cooker-i.438190148.11162568437

https://shopee.ph/Kitchen-Automatic-Vacuum-Seal-Fresh-Food-Saver-Vacuum-Sealer-
Machine-Packaging-Sealing-Machine-i.806108289.20017406797

https://shopee.ph/Standard-LPG-Double-Burner-Stove-SGS-271i-202i-
i.197408274.4047473451

https://shopee.ph/Electronic-Digital-weighing-Scale-i.34890735.578735551

https://shopee.ph/Stainless-Steel-Mixing-Bowl-18-CM-22-CM-24-CM-26-CM-
%28Makapal%29-i.88788479.2342294128

https://shopee.ph/8-in1-Stainless-Steel-Stock-Pot-Casserole-Pan-Food-Warmer-Stockpot-
i.181022196.14134121039

https://shopee.ph/Stainless-steel-Measuring-cups-stainless-steel-measuring-spoon-baking-
tools-i.276478894.7739132180

https://shopee.ph/Measuring-Cup-Plastic-i.32664065.7061674562

https://shopee.ph/Easy-to-Use-Stainless-Steel-Dumpling-Maker-Dough-Cutter-Ravioli-
Empanada-Press-Mold-Wrapper-i.153320826.5048920050

https://shopee.ph/5Pcs-Set-Round-Circle-DIY-Baking-Pastry-Mold-Stainless-Steel-Cookie-
Cutter-Biscuit-Dough-Cutter-Cake-Mold-i.54626108.7141616881

https://shopee.ph/*Superlife*Digital-Food-Cooking-Thermometer-Instant-Read-Meat-
Thermometer-For-Kitchen-BBQ-i.63525367.2403538190

https://shopee.ph/Metro-Chef-Knife-MKK-5261-i.196527939.4835568762

31
Management Plan

Four young pioneers make up the partnership that runs the start-up company known as

The MARX Kitchen Co. These four proprietors will use their ability to be responsible within

Fish Dumplings' regulatory works as a starting point. The partners will each make an equal

financial contribution and share earnings equally. Each partner will have a part in running the

company, and they will all agree to abide by any rules that may be in place about the terms of a

partnership form of ownership. Also, they commit themselves to being accountable to the

company in this way.

The partners decided to assign themselves different functions and responsibilities. Their

corresponding functions are as follows:

General Manager- Myren G. Granado

Production/Operation Manager- Xyreline P. Ludovice

Marketing Manager- Annie Pia P. De Vera

Financial Manager- Realyn G. Gimena

a. Organizational Chart

32
 The organizational structure of the business is presented below:

`
Myren G. Granado

General Manager

Annie Pia P. De Vera Xyreline P. Ludovice Realyn R. Gimena

Marketing Manager Production/Operation Financial Manager

Figure 15. Organizational Chart

33
 a. Job Description

Myren Granado (General Manager). A General Manager is responsible for improving

efficiency and increasing departmental profits while managing the company’s overall operations.

They oversee several elements in a business, including hiring staff, operating budgets, and

launching price promotions that could attract more customers

Xyreline Ludovice (Production/Operation Manager). Responsible for allocating labor

resources, tracking production schedules and cost adjustments to ensure everything runs

smoothly. They make receiving raw materials or shipping final goods happen as efficiently as

possible. The role of an operations manager is to manage all activities involved in producing the

goods and/or services of a business. 

Annie Pia De Vera (Marketing Manager). Responsible for managing the promotions

and positioning of a brand or the product and services that a company sells. She is also

responsible to conducts market research, sales forecasting, and strategic planning to assess and

ensure the sale and profitability of products.

Realyn Gimena (Finance Manager). Responsible for preparing business activity

reports, financial statements, and forecasts. She also responsible for developing financial

reporting system.

34
NOTES.

35
 V. FINANCIAL PLAN

a. Major Assumption

1. The production of Fish Dumplings is 238 packs per week and will increase 10% yearly.

2. It is expected to sell 238 packs o Dumplings per week on the first year of operation and

will increase by 10% per year

3. The transportation expenses are 800 month and will increase 10% yearly.

4. The utilities expenses Is expected to cost 1000 pesos per month (60% will be used in

operation) and will increase 5% yearly.

5. Supplies expenses are expected to be 250 per month and will increase 5% yearly.

6. . Permit and licenses expense is expected to be P4,000.00 per year.

7. All long-term assets will be depreciated using straight-line method.

8. The other expenses will amount of 200 per month and expected to increase by 5% the

following Year.

9. The partners will withdraw 10% of the annual net income.

b. Start-up Capital

The proponents of this will invest eight thousand Pesos (Ᵽ10,000.00) each as capital to

start to the business. The amount needed Ᵽ40,000.00 will be taken from the contribution of each

proponent’s “Impok Piso para sa Negosyo”, which is a continuing project of Entrepreneur

students .since first year college. This will cover pre- operating costs as well as the cost of

production. In case of shortage of fund, each member will contribute additional amount to fill in

the needed amount for the business operation.

Initial long term assets

36
Tools and Equipments Quantity Price Cost

Measuring cup for dry ingredients 1 ₱ 175.00 ₱ 175.00

Measuring cup for liquid ingredients 1 ₱ 69.00 ₱ 69.00

Measuring spoon 1 ₱ 85.00 ₱ 85.00

Mixing bowl large 1 ₱ 160.00 ₱ 160.00

Mixing bowl medium 1 ₱ 145.00 ₱ 145.00

Mixing bowl small 1 ₱ 120.00 ₱ 120.00

Spatula 1 ₱ 35.00 ₱ 35.00

Grater 1 ₱ 15.00 ₱ 15.00

Peeler 1 ₱ 45.00 ₱ 45.00

Sifter 1 ₱ 65.00 ₱ 65.00

Knife 1 ₱ 68.00 ₱ 68.00

Dumpling molder 2 ₱ 172.00 ₱ 344.00

Chopping board 1 ₱ 29.00 ₱ 29.00

Dough cutter 2 ₱ 15.00 ₱ 30.00

Steamer 2 ₱ 1,179.00 ₱ 2,358.00

Casserole 2 ₱ 599.00 ₱ 1,198.00

Thermometer 1 ₱ 89.00 ₱ 89.00

Gas tank 1 ₱ 1,500.00 ₱ 1,500.00

Dough flatting machine 2 ₱ 298.00 ₱ 596.00

Digital scale 2 ₱ 558.00 ₱ 1,116.00

Gas stove 1 ₱ 1,000.00 ₱ 1,000.00

37
Vacuum sealer 1 ₱ 1,349.00 ₱ 1,349.00

Freezer 1 ₱ 14,500.00 ₱ 14,500.00

₱ 25,091

Table 10. Initial Long Term assets

The table above shows the list of the projected initial long-term assets of the

partnership including the cost of each item. The costs of the production tools and equipment are

determined by the partners by checking the prices from the listed items on Shopee.

Depreciation of Production Tools, Utensils and Equipment

Tools and Cost Residual Useful Annual Monthly Applied to

Equipments value life Depreciation production

Measuring cup ₱175.00 0 4 ₱ ₱ ₱ 0.91

for dry 43.75 3.65

ingredients

Measuring cup ₱ 69.00 0 4 ₱ ₱ ₱ 0.36

for liquid 17.25 1.44

ingredients

Measuring ₱ 85.00 0 4 ₱ ₱ ₱ 0.44

38
spoon 21.25 1.77

Mixing bowl ₱160.00 0 4 ₱ 40.00 ₱ 3.33 ₱ 0.83

large

mixing bowl ₱145.00 0 4 ₱ 36.25 ₱ 3.02 ₱ 0.76

medium

Mixing bowl ₱120.00 0 4 ₱ 30.00 ₱ 2.50 ₱ 0.63

small

Spatula ₱ 35.00 0 2 ₱ 17.50 ₱ 1.46 ₱ 0.36

Grater ₱ 15.00 0 2 ₱ 7.50 ₱ 0.63 ₱ 0.16

Peeler ₱ 45.00 0 3 ₱ 15.00 ₱1.25 ₱ 0.31

Sifter ₱ 65.00 3 ₱ 21.67 ₱ 1.81 ₱ 0.45

Knife ₱ 68.00 3 ₱ 22.67 ₱ 1.89 ₱ 0.47

Dumpling ₱344.00 0 4 ₱ 86.00 ₱ 7.17 ₱ 1.79

molder

Chopping board ₱ 29.00 0 3 ₱ 9.67 ₱ 0.81 ₱ 0.20

Dough cutter ₱ 30.00 4 ₱ 7.50 ₱ 0.63 ₱ 0.16

Steamer ₱2,358.00 5 ₱ 471.60 ₱ 39.30 ₱ 9.83

Casserole ₱1,198.00 0 5 ₱ 239.60 ₱ 19.97 ₱ 4.99

Thermometer ₱ 89.00 2 ₱ 44.50 ₱ 3.71 ₱ 0.93

Gas tank ₱1,500.00   5 ₱ 300.00 ₱ 25.00 ₱ 6.25

Total ₱ ₱ 1,431.70 ₱ 119.31 ₱ 29.83

6,530.00

Table 11. Depreciation of Production Tools, Utensils and Equipment

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 The table above is the depreciation schedule of the long-term assets of partnership. It

shows the cost per depreciable asset, its salvage value and the depreciation monthly and

annually. The depreciation is computed using the straight line method or by dividing the

depreciable amount by the useful life

Break Down of Projected Monthly Operating Expenses

Break Down of Projected Monthly Operating Expenses

Year 1

Permit and licenses Monthly Annual

 Brgy clearance ₱ 200.00

DTI/SEC registration

 FDA

 Business permit

 BIR registration

Sanitary permit   ₱ 1,000.00

 Total   ₱ 1,200.00

Transportation Year 1

expenses

Monthly Annual

Gasoline ₱ 720.00 ₱ 8,640.00

  Quantity Unit Price Monthly Annual

Cost Cost

40
Supplies expenses

  Ballpen 2 pcs ₱10.00 ₱ 20.00 ₱240.00

  Record book 1 pc ₱ 40.00 ₱ 3.33 ₱ 40.00

  Receipts 1 stub ₱ 50.00 ₱ 4.17 ₱ 50.00

  Plastic bag 2 packs ₱ 15.00 ₱ 30.00 ₱ 360

 Total ₱57.50 ₱690

Marketing Expenses Monthly cost Annual Cost

Social media ₱ 349.00 ₱ 4,188.00

(facebook, shoppee,

etc.)

Tarpaulin/ signage ₱ 91.67 ₱ 1,100.00

Total  ₱ 440.67 ₱ 5,288.00

Utilities expenses

Monthly cost Annual

Electricity ₱ - ₱ -

Water ₱ - ₱ -

    Monthly Annual

Other operating 0.5% of sales   ₱ 2,856.00

expenses

Table 12. Break Down of Projected Monthly Operating Expenses

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 The table above shows the itemized cost per expense account. These are the projected
monthly operating expenses of the partnership during the first year operation. Transportation
expense, permit and license expense, utilities expense, marketing expense and we have also the
other expense which is 1% of the sales. These projected monthly operating sales expense are
expected to increase by 5% per year. These increases in costs are due to expected increase in
production as well as expected increase in sales.

c. Projected Sale

  Year 1 Year 2 Year 3

Estimated Sales in units 11,424 12,566 13,823

Selling price ₱ 50.00 ₱ 50.00 ₱ 50.00

Sales ₱ 571,200.00 ₱ 628,320.00 ₱ 691,152.00

Table 13. Projected Sale

The table shows the projected sale in three consecutive year. On first year the projected

sale is ₱ 571,200.00, on second year is ₱ 628,320.00 and in third year is ₱ 691,152.00. This is

based on the projection that the company will be able to sell 238 packs of dumplings every week

and the sale will increase 10% annually.

d. Projected Total Cost Goods Sold

  Year 1 Year 2 Year 3

Number of Units sold 11,424 12,566 13,823

Cost of goods sold ₱ 414,555.45 ₱ 455,651.61 ₱ 500,857.38

Table 14. Projected Total Cost of Goods Sold

The table shows the Projected cost of goods sold for three years. In first year the number

of units sold is 11,424 and the cost of goods sold is ₱ 414,555.45. In second year, number of

units sold is 12,566 and the cost of goods sold is ₱ 455,651.61and in the third year the number of

42
units sold is 13,823 and the cost of goods sold is ₱ 500,857.38. This is based on the projection

that the company will be able to sell 238 packs of dumplings every week and the sale will

increase 10% annually.

e. Projected Financial Statement

1. Projected Income Statement

Projected Income Statement

Three years of operation

Year 1 Year 2 Year 3

Sales ₱ 571,200.00 ₱ 628,320.00 ₱ 691,152.00

Less: Cost of sales 414,555.45 455,651.61 500,857.38

Gross profit ₱ 156,644.55 ₱ 172,668.39 ₱ 190,294.62

Less: Operating

Expenses

Permit and licenses 1,200.00 31,200.00 9,200.00

Transportation expenses 8,640.00 9,072.00 9,525.60

43
Supplies expense 690.00 724.50 760.73

Marketing expenses 5,288.00 7,200.00 9,500.00

Utilities expense - 18,000.00 18,900.00

Depreciation - 10,000.00 10,000.00

Other operating expenses 2,856.00 2,998.80 3,148.74

Net Income ₱ 137,970.55 ₱ 93,473.09 ₱ 148,159.56

Table 15. Projected Income Statement

The table above shows the MARX kitchen Co.’s projected income for three years. In year

1, the net income Is 137,970.55 year 2 is 93,473.09 and for year 3 is 148,159.56

2. Cash Flow Projection

Projected Casf Flow

Three years of operation

Year 1 Year 2 Year 3

Operating activities

Net income ₱ ₱ ₱

137,970.55 93,473.09 148,159.56

Add: Depreciation ₱ 2,162.20 ₱12,162.20 ₱12,162.20

Net Cash inflow from operating activities ₱140,132.75 ₱105,635.29 ₱160,321.76

Investing activities

Payment to Purchase of Equipment ₱ 18,561.00 - -

44
Payment to Purchase of Tools and utensils ₱ 6,530.00 ₱ 139.00

Payment for production Facility   ₱ 100,000.00

Net cash outflow for investing activities ₱ 25,091.00 ₱100,000.00 ₱ 139.00

Financing Activities

Capital contribution ₱ 40,000.00 ₱ 20,000.00 -

Withdrawal     ₱ 44,447.87

Net cash inflow(outflow) from investing ₱ 40,000.00 ₱ 20,000.00 ₱ 44,447.87

activities

Nat cash inflow ₱155,041.75 ₱ 25,635.29 ₱ 115,734.89

Beginning cash balance ₱ - ₱ 155,041.75 ₱ 180,677.04

Ending Cash balance ₱155,041.75 ₱ 180,677.04 ₱ 296,411.93

Table 16. Cash Flow Projection

This part provides information about the cash payments of the entity of the three

consecutive years.

3. Projected Statement Balance Position

Projected Statement Balance Position

Three years of operation

Year 1 Year 2 Year 3

Assets

Cash ₱155,041.7

Equipment ₱18,561.0 ₱18,561.00 ₱18,561.00

45
 0

Tools and ₱6,530.00 ₱6,530.00 ₱6,530.00

utensils

Operation ₱100,000.0 ₱100,000.0

Facility - 0 0

Less: ₱14,324.40 ₱26,347.60

Accumulated 2,162.20

Depreciation

Carrying 22, ₱110,766.6 98,743.40

amount 928.80 0

Total Assets ₱177,970.5 ₱291,443.6 395,155.33

5 4

Liabilities -

Equity

Total Partner's equity ₱177,970.5 ₱291,443.6 ₱395,155.3

4 3
5

Total Liabilities and ₱177,970.5 ₱291,443.6 ₱395,155.3

4 3
Equity 5

Table 17. Projected Statement Balance Position

The table above shows the projected statement balance position of the total assets and

total liabilities and equity in the three years. Total assets and liabilities and equity from year 1 is

177,970.55,year 2 is 291,443.64, and year 3 is 395,155.33

f. Return of investment

46
Return on investments for 3 Years

  Profit Investment/beg Capital ROI

Year 1 ₱ 137,970.55 ₱ 40,000.00 345%

Year 2 ₱ 93,473.09 ₱ 197,970.55 47%

Year 3 ₱ 148,159.56 ₱ 291,443.64 51%

Table 18. Return of investment

The table above shows the return on investment for 3 years. In one year the accumulated

profit is ₱ 137,970.55 and the beginning capital is ₱ 40,000.00 and return on investment is

345%, in year two the accumulated profit is ₱ ,93,473.09 and the beginning capital is ₱

197,970.55 and the ROI is 47% and in year three the accumulated profit is ₱ 148,159.56 and the

beginning capital is ₱ 291,443.64 and the ROI is 51%.

NOTES.

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