1

A FEASIBILITY STUDY ON THE ESTABLISHMENT

BOON PASTIES TUNA DE EMPANADA IN

CATBALOGAN CITY

Presented to:

the Faculty of the College of Business and Management

SAMAR COLLEGES, INC.

Catbalogan City

In Partial Fulfillment

of the Requirement for the Degree

BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION

Presented by:

DAZ, MA. ROSELA L.

GUIMBAOLIBOT, JENNIVEVE O.

BASAL, BERLYN O.

BERTOS, SHENA MAY B.

MABUGAT, DIMPLE B.

CINCO, SOFIA MA. YVONNE C.

December 2022
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APPROVAL SHEET

In partial fulfillment of the requirements for the degree in BACHELOR OF

SCIENCE IN BUSINESS ADMINISTRATION, this feasibility study entitled
“BOON PASTIES TUNA DE EMPANADA” have been prepared and submitted
by BERLYN BASAL, SHENA MAY BERTOS, SOFIA MA. YVONNE CINCO,
MA. ROSELA DAZ, JENNIVEVE GUIMBAOLIBOT and DIMPLE MABUGAT
were passed the final oral examination.

NICANOR T. BINGHOY, MBA

Faculty, College of Business and
Management
Adviser
December 08, 2022

Approved by the committee on Oral Examination on December 08, 2022 with a

rating of Passed.

ELAINE N. NUÑEZ, CPA

Faculty, College of Business and
Management
Financial Adviser
JERRY A. MABAG, MBA CHEVIN P. VILLAFLOR
Faculty, College of Faculty, College of
Business and Management Business and Management
Panel Member Panel Member

JORLIE N. LAPARA, CPA MARK PAUL T. ALCALA, MM

Faculty, College of Business and Faculty, College of
Management Business and Management
Panel Member Panel Member

Accepted and approved in partial fulfillment of the requirements for the degree in
BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION.

NATALIA B. UY, PhD

Dean, College of Business and
Date of Examination: Management Chairman
December 08, 2022
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Acknowledgement

The success of this feasibility study would not have been achieved had it

not been of the unwavering support received from people who have suggested

and shared ideas to the conceptualization of this research.

To the dean, Ma’am Natalia B. Uy, PhD for your patience and guidance,

encouragement and for sharing your expertise in writing this feasibility study. It is

their privilege to have such an amazing and ever supportive dean. You are a part

of them as who they are right now and in the future.

To Sir Jerry A. Mabag, Sir Chevin Villaflor, Sir Mark Paul Alcala,

Ma’am Elaine N. Nuñez and Sir Jorlie N. Lapara, the proponents would like to

thank you for being understanding, who did not only critique the study but also

gave pleasant suggestions for the improvement of this research study. This

research would not be successful without you.

And to their beloved parents, family, guardians thank you for your undying

support both morally and financially, for encouraging them in all of their pursuits

and inspiring them to follow their dreams. They could not have done this without

your guidance. To the people who helped and contribute great ideas and pieces

of advice, especially classmates and close friends for this study wouldn’t be

possible without them.

And to the Almighty God, the center of all of this success, the researchers

would humbly say thank you for giving us the strength, knowledge and ability to

persevere and complete this study satisfactorily.

Again, from the bottom of their hearts, thank you all so much.
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THE RESEARCHERS...
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TABLE OF CONTENTS

TITLE PAGE
APPROVAL SHEET
ACKNOWLEDGEMENT
LOGO
TABLE OF CONTENTS
I. EXECUTIVE SUMMARY 6
A. Description of the project 6
B. Brief Profile of the Entrepreneur 7
C. Project’s Contribution to the Local Economy 7-8
II. BACKGROUND AND BUSINESS CONCEPT 8-9
III. DESCRIPTION OF THE BUSINESS 9
IV. VISION 9
V. MARKETING PLAN 10
A. Product 10-12
B. Place 12-13
C. Price 13
D. Promotion 14-15
VI. SALES AND PRODUCTION PLAN 15
A. Demand 15-16
B. Supply 16-17
C. Demand and Supply Analysis 17
D. Demand and Supply Gap 17-18
E. Manufacturing Process 18-20
F. Plant Size and Production Schedule 20-22
VII. BUSINESS ORGANIZATION 23
A. Staffing 23
B. Business Organization 23-25
C. Equipment Requirement 25-28
D. Space Requirement 29
E. Material Cost 29-34
F. Other Cost 34-40
G. Depreciation 40
H. Investment Requirement 40
VIII. SALES AND COST PLAN 41
A. Projected Statement of Comprehensive Income 41
B. Projected Statement of Cost of Good Manufactured 42
C. Projected Statement of Changes in Partners’ Equity 42
D. Projected Statement of Financial Position 43
a. Schedules 44-48
b. Description of the Projected Statements 48-49
IX. CASH FLOW 50
A. Financial Analysis 51
X. CONCLUSION – INTENT 51-53
XI. LEGAL REQUIREMENTS 54-56
XII. PROJECTED TIME TABLE 57
XIII. PICTURES 58-59
XIV. CURRICULUM VITAE 60-66
XV. APPENDIX
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Chapter 1

I. EXECUTIVE SUMMARY

A. DESCRIPTION OF THE PROJECT

The Boon Pasties is a business which can provide and innovatively

increase creative products that satisfy customers with the product. The

proponents wanted to start or establish a business that will not only focus on its

customers’ satisfaction but to be able to compete in the market competition.

Starting a business takes a lot of efforts and needs a required capital to start so

the proponents decided to make a product that doesn't need a big capital and

can easily find sources. And for that reason, the proponents came up with a

product that is known in the Philippines which is the Empanada.

The proponents named the product as Tuna De Empanada wherein the

Tuna or Fish will be the main ingredients. Originally, the Filipino empanada is a

quintessential merienda (mid-day snack) consisting of a flaky crust traditionally

filled with ground beef sautéed with onions, peas, raisins, and potatoes. The

proponents decided to make some changes and make some empanadas that

can convinced those people who likes fish rather than beef or pork. The product

does not only satisfy the stomach of the customers, but it also nourishes and

provides benefits to their body as fish are an important part of a healthy, well-

balanced diet. 

The proponents think that Empanada are the best choice and is feasible

to the market nowadays, since it’s not only delicious but it is also very

consumable. The location of the business will be at Curry Avenue, San

Bartholomew Street Catbalogan City where the businesses manufactured.

B. BRIEF PROFILE OF THE ENTREPRENEURS

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The Boon Pasties is owned and managed by six students of Samar

College taking up Bachelor of Science in Business Administration major in

Financial Management. These six proponents namely: Berlyn Basal, Shena May

Bertos, Sofia Ma. Yvonne Cinco, Ma. Rosela Daz, Jenniveve Guimbaolibot and

Dimple Mabugat. The business is a partnership in which the partners jointly own

its assets/liabilities and are responsible for its obligation on an individual basis.

Each partner contributed an equal amount of capital and participates in the

management of the business. The main goal of the business is not only to earn

profit but also provide the needs/satisfaction of the target customer and helps the

local economy.

C. PROJECT’S CONTRIBUTION TO THE LOCAL ECONOMY

The Boon Pasties will innovate a product that will contribute to the local

economy. This business can provide an opportunity to give a job for those

unemployed individuals, be able to help unfortunate one to have a small

business by purchasing the product in a retail, that will be able to introduce a

product that are cheap/affordable to the consumers.

Furthermore, the proponents will expand their help by providing the

unemployed individuals to work in the packaging area, as a kitchen staff,

organizers, labor and other work-related area in manufacturing the said products

as it continues to grow and influence more buyers, sellers, and distributors in the

long run.
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In addition, this business will also give their contribution regarding to the

taxes that will surely help the economy with some of their projects,

infrastructures, buildings etc. with the alternative demand/supply for goods and

services. And implement also a program for charity that would help poorest of the

poor or those who are in need. As the organization continue to develop and help

others improve their lives.

D. BACKGROUND AND BUSINESS CONCEPT

The business concept of the proponents was to find and create a product

that can be marketable and can be easily notice by the consumers or customers.

At first, they’ve come up with the ideas of three proposed business to be

established; these are the products of coconut, food truck and cleaning services.

Before deciding, the proponents ask the opinions of the teachers, seniors and

one of the employees in Department of Trade Industry and the Tourism office.

The business idea was originated with lots of variety of Coconut products

namely; Vinegar, Coconut Wine, Fertilizer, Coconut brush, Coconut Toffee,

Coconut Syrup, broom made from Coconut leaves and etc.

Furthermore, the proponent’s shared thoughts and sense that those

proposed business needs a lot of effort and is time consuming. So, they consider

changing their plan and came up with another product that can be easy to

market. It was then that the proponents decided to go with Empanada.

Empanadas are so popular everywhere in the Philippines especially here in

Catbalogan City. Having that thought, it would easily attract customer or any

consumer because it’s a product that is familiar to them.

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For the proponent’s view, this product is much easier to produce and sell.

So, the proponents agreed to have this kind of business for it is favorable in

todays’ generation and of course these will be on their budget as well as reduce

or lessen the cost in production.

II. DESCRIPTION OF THE BUSINESS

The Boon Pasties is a partnership between the six proponents. A

business who offers a kind of appetizer, snack and viand to every consumer.

For this reason, they all agreed to contribute some of the tangible assets to

lessen the cost and/or expenditure for the production with an equal division of

the profit/loss among themselves especially to the initial operation of this

business.

Later on, they’d decided to have a home-based business wherein the

proponents’ manufactured the product to be sold. The products’ main

ingredients are the tuna fish, and vegetables. The business was decided to

conduct it through online selling/order, upfront/direct selling and also by

distributing the products to some establishment/outlets, stall that are available

to be able to market the product here in Catbalogan City and even nearby

municipalities if possible. The proponents will grab this opportunity in order to

introduce the product to its target market.

III. VISION

The Boon Pasties vision is to offer a filling and satisfy quick but healthy

lunch, snack, even an appetizer, to provide a job opportunity, and to become

one of the top food sellers here in Catbalogan City and extended area.
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Chapter 2

IV. MARKETING PLAN

A. PRODUCT

A.1. DESCRIPTION OF THE PRODUCT

The business name is Boon Pasties, Boon means benefit/s while

Pasties is another term for Pasty, a term for empanada. In which it is also

accompanied by the tagline “Once it’s tasted, it’s always wanted” because

once they taste it, they like it more. Boon Pasties product is Tuna De

Empanada.

The Boon Pasties competitive advantage to other competition is

consistency in the production, delivery and marketing of the product.

Proponents wants not only to persuade customers but to give them satisfaction

and new sensation with our products. Adopting a simple packaging yet

appealing to the eye of the customers. And of course, a reasonable price that is

set according to the overall production cost and a purchasing power of our

customers.

The Boon Pasties aims to offer its products at a competitive price to meet

the demand of the middle-to higher-income local market area residents and

tourists of Catbalogan City and nearby municipalities to acquire more

customers. Customer acquisition is considered to be the critical activity and we

are seeking to grow the number of customers. We understand that customer

growth could be at the expense of profitability, and that there is a cost

associated with customer acquisition.

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A.2. PRODUCT PACKAGING

The Boon Pasties will adopt a simple product labeling for its packaging.

Similar to other local products sold in a paper bag. Labels will be attached as

sticker after wrapping the empanada. The design is ensured to give the buyer

an idea of what the product is.

Below are the sample of the product packaging designed, to represent the

product being market.

Figure 1

Product Label & Finished Product with Labels

A.3. PRODUCT SUSTAINABILITY

The packaging of the Empanada de’ Tuna is made out of a paper bag.

There are many ways to make paper more sustainable, the packaging can be

re-use or recycle, it was implemented to be more eco-friendly. Therefore, in

order to give back to the community, the organization will do an activity or

program of charity that will organize nor collect all sort of paper to make it

more useful, convert into an art, resell them after and donate.

A 4. SWOT ANALYSIS

Table 1;
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Boon Pastie’s SWOT Analysis

STRENGTHS WEAKNESSES

 Availability of raw materials

 Brand awareness
 Product quality

OPPORTUNITIES THREATS

 Competitors’
 Introduction of new products lines Entrances
 Distribution of the products to a  Price war
business establishments/outlet.  New Similar
Products

B. PLACE/BUSINESS LOCATION

The Boon Pasties will be situated at Curry Avenue, San Bartholomy Street

Catbalogan City, Samar since it is near and more accessible to the consumers.

Boon Pasties is a homebased business, so the proponents decided to operate

and manufacture the product in the proponent’s home and sell it thru online or

upfront selling in AMC shop beside East west bank and if given an opportunity to

supply or distribute to any of the establishments and/or outlets or stall here in

Catbalogan City and nearby municipalities. With that we can primarily supply

clients/customers.

Figure 2;
Business location
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C. PRICE

The Boon Pasties products will set its price considering all the material costs

and proprietor’s allowance in the production of the product. The price has been

estimated to be within the reach of the purchasing power of the consumers.

Table 2;
Product’s selling Price
QUANTIT
PRODUCT UNIT PRICE
Y
Tuna De Empanada 1 1 P20

The Boon Pasties selling price would be 20 pesos each. Of course, it’s

delicious, and a medium size tuna empanada.

D. PROMOTION

The Boon Pasties will use a modern concept of marketing which it includes

the digital marketing along with traditional marketing methods. Since Boon
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Pasties is a start-up business, promoting the product will somehow be hard.

For the product’s promotion, the business made a social media account,

specifically, Facebook page, and Instagram a broad/wide customer-based

marketing. Also, a Word-of-mouth and other free forms of promotions will be

used as the business is starting and doesn’t have much capital to spend on

advertising. Below are the social media platforms used in promoting the

products:

 Facebook Page
https://www.facebook.com/BoonPastiesEmpanadadetuna

 Instagram
https://instagram.com/boonpasties06?igshid=YmMyMTA2M2Y=

 Word Of Mouth
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A traditional way of marketing in which it uses the communication channel.

This is a strategy that helps the business to be known through one person talking

about the product, and then disseminate it to others.

V. SALES AND PRODUCTION PLAN

A. DEMAND

Demand is the number of goods and services that consumers can be

able to purchase. Empanada is already known product here in Catbalogan and

even other municipalities. It is a part of the Filipino foods that people

continuously patronized as well as crave for. Below is the projected demand of

Empanadas and similar products in the year 2021 and the following years.

Table 3;
Projected Demand
PROJECTED
YEAR DAILY DEMAND
DEMAND
2021 1,795 646,200
2022 1,850 666,000
2023 1,905 685,800
Source: Survey data of Similar products of Empanada

The proponents conducted a survey to those business owners that

has similar products with the proponents such as Pork Empanada, Beef

Empanada, Ham Empanada, Lumpia and etc.

Assumptions:

a. According to the survey, there is at least 1,850 pieces of daily purchased

of similar products of the proponents within the City of Catbalogan.

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b. There is at least 3% annual growth rate mentioned by the owners of the

similar products. With that given, the proponents able to calculate and

deduce the projected demand for the year 2021 and 2023.

c. The projected demand was calculated by multiplying daily demand by the

number of days of production and multiplied by 12 months. (1,850 x 30 x

12 = 666,000 units)

B. SUPPLY

Supply is the ability of the supplier to provide raw materials to

manufacturer. It also represents the number of sellers or producers selling the

same or substitute products, there are also the competitors. It is also about the

quantities of similar product were sold in the market by the buyers and

consumers. The data below shows the quantity supply of Empanadas and

similar products that producers produce for the year 2021 and the following

years.

Table 4;
Projected Supply

YEAR PROJECTED SUPPLY

2021 334,883
2022 345,240
2023 355,597

Assumptions:

a. The number of the daily pieces supplied of similar products is 959 units

sold per day for the year 2022 within the city of Catbalogan.
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b. There is at least 3% annual growth rate for the year 2021 and 2023.

c. The projected supply was calculated by multiplying the daily supply by the

number of production days and multiplied by the number of months in a

year. (959 x 30 x 12 = 345,240)

DEMAND AND SUPPLY ANALYSIS

The demand and supply analysis are calculated according to the

outcome of the products. The proponents can be able to determine the

Demand by the patronization of the customers or buyers to buy. Moreover, to

determine the Supply it will depends of the ability of the producers to

manufactured or produce products. For Demand, it is important to determine

demand analysis to know if there’s an actual demand of the product and if it is

feasible. And for supply, it is important to determine supply analysis to be able

to have an assistance of the business production and operation. Moreover, to

know the market competition and competitors.

DEMAND AND SUPPLY GAP

Table 5;
Demand and Supply Gap

Year Demand Supply Gap Unsatisfied

2021 646,200 334,883 311,317 48%
2022 666,000 345,240 320,760 48%
2023 685,800 355,597 330,203 48%

Formulas: Gap = Demand – Supply

Unsatisfied = Gap ÷ Demand x 100
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The table shows that the number of demands is higher than the supply. It

is notable that there is lack of supply of Empanada’s and similar products in the

market.

Market Share

The market share of Boon Pasties Tuna De Empanada is the 48%

unsatisfied rate shown in table 6. There is a substantial market share of the

business to puncture. This is good for start up business, since there are already

same products that exist in the market which have regular customer(suki).

E. MANUFACTURING PROCESSES

Prepared all the ingredients needed in order to cook a Cheesy Tuna

Empanada. Here are the following ingredients:

 all purpose flours

 butter
 cold water (add more if needed)
 Cooking oil
 onions, finely chopped
 garlic minced
 green peas
 carrots, finely chopped
 Salt and ground pepper to taste
 cheese, cut into cubes
 shredded cheese
 fresh milk evaporated milk
 Tuna (Drained)
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STEPS FOR MAKING A FILLING

Step1: Pre heat the pan and put the butter and wait till I melt.

Step2: Add the garlic and onion then sauté till it soft

Step3: Once the onion is soft, add the carrots and green peas then continue

sauteing for 2 minutes.

Step4: After a minute, add tuna flakes and oil and mix well

Step5: Then, season with salt and pepper to taste and mix well.

Step6: Add all-purpose flour then continues to cook for 2 minutes.

Step7: Add milk then simmer it till it absorbs the milk and

check the taste and continue till it is paste-like texture.

Turn off the heat and set aside to cool it.

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COMBINING THE FILLING AND DOUGH

Step1: Add filling to the dough in a right amount in order

to sealed it.

Step2. Next add the shredded cheese.

Step3. Then, fold to meet the both end and press to

seal.

Step4: Press the dough using fork around to make a

design and transfer it to the plate then continue the

process.

Step5: Pre heat pan with cooking oil for deep frying

and fry on a low heat till it becomes a golden brown.

Step6: Lastly, the Cheesy Tuna Empanada is ready

to serve.

F.

PLANT SIZE AND PRODUCTION SCHEDULE

The proponents decided that the business will have a Home-Based type

of business, the plant size of the business is Rectangle type. It has a 7 meters

width and 4 meters length. There are division of the space to be occupied in the
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production of the products. In the living room it has 5 meters width and 4 meters

length. For the kitchen is 2 meters width and 4 meters length.

The business will no longer need to pay rent as the business location is

owned by one of the proponents. The kitchen will be the working area and the

proponent’s only need to accomplish is to improve the kitchen.

PRODUCTION SCHEDULE

Table 6;

Production Capacity Schedule

Daily Monthly Year

Manufacturing
Batches 260 pcs 6,760 pcs 81,120 pcs
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The table above shows the tentative computation of the production

capacity of the business. The business will operate from Monday to Saturday by

8:00am-5:00pm and every Sunday the business will close and it will serve as rest

day for the staff. It will consist 26 days a month and 312 days a year. For the

production of the products, the estimated daily pieces of Empanada de’ Tuna to

be manufactured are 260 pieces. The estimated monthly pieces of Empanada de

tuna will be 6,760 pcs. The annual estimated pieces will be 81,120.
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Chapter 3

VI. BUSINESS ORGANIZATION

A. STAFFING COST

In the first year of Boon Pastie, the business will be operated by the

proponents. The 6 proponents will employ themselves to the business with

different positions and responsibilities. There are 6 positions that the proponents

agreed of such as; Ms. Berlyn Basal as Manager, Ms. Jenniveve Guimbaolibot

as Cashier, Ms. Shena May Bertos as, Ms. Dimple Mabugat, Ms. Maria Rosela

Daz and Ms. Sofia Ma. Yvonne Cinco for Production/Operation.

The proponents wanted to be first hands and take manage everything by

themselves. Through this, the proponents can lessen their spendings or

expenses and have a full control of the business. With a team work, they can

easily resolve or take some actions to any issues that the business will run into

as the proponents are the one that have full knowledge about the business.

B. BUSINESS ORGANIZATION

The proponents agreed to have an equal contribution for the funds needed

for the start-up of the business. This proposed business is a partnership between

the six (6) proponents. In accordance with their areas of expertise and job duties,

the proponents will be positioned accordingly. The six (6) proponents ensures

that they have knowledge and abilities individually when it comes to gathering

and buying raw materials, sales and how to promote their products. Through this

it will not affect the production of product when one of the proponents is not

available.
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Each of the proponents are dedicated to do this business, they are hardworking

and willing to expand the business.

Figure 3;
Functional Organizational Chart

MANAGER

PRODUCTION/
CASHIER
OPERATIONAL

4 Worker/Kitchen Staff

By dividing individuals according to their specialized knowledge and

expertise, the functional organizational structure improves how well organizations

run. It offers a distinct hierarchy, reduces employee confusion, and enables

specialists’ opportunity to concentrate on their task and grow on the inside.

Responsibility Of Each Position:

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Manager - a professional who will lead, check, and manage every working day.

Cashier – the person who will manage transactions with customers using cash

registers.

Kitchen Staff – the individual who will manufacture the products.

B.1. PROPRIETORS’ UNIFORM

Figure 4;
PPE in the kitchen and Uniform

STAFF

The

figure 4 above shows the uniform of the employees/staff and its personal

protective equipment (PPE) as per required in manufacturing the product. The

cost of the uniform will be shouldered by their personal money to offset ingress

capitalization.
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C. 3.2 EQUIPMENT REQUIREMENT

Boon Pasties will purchase the equipment to its machinery in order

to fulfill the daily, monthly and yearly production.

Table 7; Machineries & Equipment

MACHINERIES & EQUIPMENT

ITEM QUANTITY
UNIT COST TOTAL
AND DESCRIPTION (PIECES)
Rolling pin
102.00 2 204.00

Double Deep fryer

2,999.00 1 2,999.00

Spatula

45.00 2 sets 90.00

Cool Refrigerator

10,990.00 1 10,990.00
 27

1,467.00 1 1,467.00

Standing mixer

130.00 1 set 130.00

Wooden cooking
utensil

100.00 5 500.00

Stainless tray

179.00 1 179.00

Pizza cutter

Empanada molder

76.00 5 380.00

Strainer
115.00 5 575.00
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Clipper
38.00 2 76.00

Measuring spoon and cup

46.00 2 SET 92.00

Furniture and Fixtures

LPG Tank
ITEM AND
Unit Cost Quantity Total
DESCRIPTION
1,050.00 1 1,050.00

175.00 2 350.00
TOTAL Fan
Ceiling 1734.00 29 2982.00

Table

5,188.00 1 5,188.00

Stall Chair

185.00 6 1,110.00

Storing racks

899.00 1 899.00

999.00 1 999.00

Fire Extinguisher

TOTAL 7,446.00 11 8,546.00

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D. SPACE REQUIREMENTS

The business will no longer need to pay for the rent as the business will

be manufactured at proponents’ home and will take place at Curry Avenue, San

Bartholomew Street Catbalogan City, Samar. The kitchen will be the

manufacturing area and the dining will be the packaging area and all. And the

proponents will deal with simpler documentation and will only have to provide

simpler requirements like proof of identity and business registration details.

E. 3.7 MATERIAL COSTS

Boon Pasties produces 6,760 units of Empanada de’ Tuna in a month.

Below are the raw materials.

Table 8; RAW MATERIALS

RAW MATERIALS
ITEM DESCRIPTION COST PER TOTAL
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(Per production COST PER

MONTH
schedule) YEAR

All-purpose flours
It is used in
making the dough
as well as in the
filling of the
4,836.00 58,032.00
empanada that will
make it paste or
sticky.
3 kg. - P186

Butter cup
Making the dough
to its consistency. 4,446.00 53,352.00
(3pcs.) P171

Iodized Salt
This will add taste
to the fillings and
20.00 240.00
to its dough
(1/4kg.) P20

Palm Cooking oil

It is used in frying
the empanada.
1,200.00 14,400.00
1 gallon per week -
P300

Onion
This is a mixture
for empanada
filling. 2,640.00 31,680.00
3kg. in a week
P660
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Garlic
This is a mixture
for empanada
filling. 480.00 5,760.00
1kg. in a week -
P120

Green peas
This is a mixture
for empanada
filling. 2,392.00 28,704.00
(2 pcs.)
450g – P92

Carrots
This is a mixture
for empanada
filling. 1,440.00 17,280.00
3kg. in a week
P360

Powdered Pepper
This is a mixture
for empanada
filling. 160.00 1,680.00
100g in a week
P28

Cheese

For the fillings of

empanada 2,340.00 28,080.00
(450g) P90
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Evaporated milk

For the fillings of

empanada 780.00 9,360.00
(410 ml) P30

Tuna

The main
ingredients of the
16,380.00 196,560.00
tuna empanada.
(3.6kg.) P630

Egg
This is need for the
making of dough.
880.00 10,560.00
1 tray in a week -
P220

TOTAL 0.00 880.00

Below is the list of cost per production of 6,760 units of

Empanada de’ Tuna a in a Month;

1. Raw Materials

All-purpose flour 4,836

Butter 4,446
Iodized Salt 20
Palm Cooking oil 1,200
Onion 2,640
Garlic 480
Green peace 2,392
Carrots 1,440
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pepper 160
Cheese 2,340
Evaporated milk 780
Tuna 16,380
Egg 880
TOTAL 37994

2. Direct Labor

4 employees (Salary) P200/Production Schedule

=20,800

3. Overhead Cost

Utilities 1,200

Internet 400

LPG Gas 1,024

TOTAL 2624

UTILITIES

Empanada de’ Tuna will allocate a budget for electricity and water bills

showed below. The stated budget is the minimum consumption of the business

for the said bills per month.

Water 200

Electricity 1,000

Internet 400

LPG Gas 1,024

TOTAL 2624
 34

SOURCE OF RAW MATERIALS

Boon Pasties main ingredients are the Tuna/Fish and Vegetables. And

the other ingredients are bought in the public market, online store, prince

hypermart, Lester lace grocery store. The raw materials are mostly bought in the

City of Catbalogan where the business will be manufacture.

Raw Materials Source Of Raw Materials

All purpose flour Lester lace

Butter, evaporated
milk, cooking oil,
Prince hypermart
green peas and
cheese
Salt, onion, garlic
pepper, egg, and Public market
carrots
Tuna Online store

F.3.8 OTHER COST

F.1 OFFICE SUPPLIES

OFFICE SUPPLIES
Unit or Cost per
Office Supplies Total Cost
Quantity Unit

1 120.00 120.00

Calculator
 35

Ballpen

1/12pcs. 139.00 139.00

1 90.00 90.00

RECORD BOOK

TOTAL 349.00 349.00

F.2 STORE SUPPLIES

STORE SUPPLIES
TOTAL
ITEM QUANTITY UNIT COST
COST

2 50.00 / 100.00
100pcs.
Paper bag

Plastic Bag

10 20.00 / 200.00
50pcs.
 36

Receipt

2 15.00/pad 30.00

Sticker Paper

1 185.00/ 185.00
20sheet

TOTAL 270.00 515.00

F.3 SANITARY SUPPLIES

SANITARY SUPPLIES

ITEM QUANTITY UNIT COST TOTAL COST

Max Glow Liquid

5 50.00/ 250.00
500ml

Sponge

3 packs 35.00 105.00

 37

Alcohol

1 500.00/ 500.00
1galloon

Broom and Dustpan

2 60.00 120.00

Tissue

1 pack 82.00 82.00

Trash Bag

1 45.00/25pcs. 45.00

Trash Can

3 149.00 149.00

Disinfecting Spray

1 235.00 235.00
 38

Clothe Wipes

3 set 15.00 45.00

Hairnet

1 149.00/ 149.00
100pcs

Apron

2 70/3pcs 140.00

TOTAL 1,390.00 399.00

3.8. PRE-OPERATING EXPENSE

Starting business will probably have its expenses in order to

operate. Some of those are the allocation of budget for business registration

and making sample production for a trial in a limited market.

PRE-OPERATING EXPENSES

DTI Registration 530

BIR Registration Fee 500

Mayor’s Permit 500

Barangay Clearance 50

Documentary Stamp 30

Fire Permit 200

 39

SEC Registration Fee 2,120

Sample Production 800

TOTAL 4,730

OTHER COSTS

Sanitary Supplies 1,820

Store Supplies Expense 515

Office Supplies 349

Pre-Operating Expense 4,730

TOTAL 7,414

MISCELLANEOUS COSTS

To prepare for uncertain situations, the proponents have agreed to take part

proportionately to any unplanned and surprise expenses that the business may

encounter. One of the proponents must contribute at least 300 per month that will

accumulate for at least 3,600 annually. This certain amount can be used for

emergencies and serves as their miscellaneous.

3.8.4 TRANSPORTATION

Since the business is a home-based, the proponents will deliver the

purchased products to different places especially if it’s far from the business

location using delivery express putting up a delivery charge in every purchases.

As for that, the inflation will not be a problem when it occurs. The proponents
 40

need to provide for transportation expense that may cost for around 350

estimated budget per month to accumulate for at least 4,200 annually that will be

use as delivery charge, for its gas and for the transportation fee upon purchasing

the raw materials.

3.8.5 FRINGE BENEFITS

The table below will show the Fringe Benefits to the workers and to the

proponents that who will also be on hands to the business. This will also include

the contribution sharing for the different benefits they are entitled to receive as

shared by Boon Pastie and as part of the business. The proponents will also

have an equal distribution or equal share of income.

Table 9; Fringe Benefits

13’th
Pag- Phil Total
Section Count SSS Month
IBIG Health /Year
Pay
BP: 663 100 117
Manager 1 In: 351 100 117 7,800 9,248
BP: 552.5 100 97.5
Cashier 6,500
1 In: 292.5 100 97.5 7,740
Kitchen BP:1,768 400 312
4 20,800 24,928
Staff In: 936 400 312
Total 6 4,563 1200 1053 20800 24928

3.8.6 DEPRECIATION

Table 10; Depreciation

EST.
Total Scrap Depreciable ANNUAL
Allocation LIFE
cost Value Cost DERECIATION
(yrs.)
Machinery &
15,456 3,091 12,365 5 2,473
Equipment
Furniture &
8,546 1,709 6,837 5 1,367
Fixture
TOTAL 24002
 41

3.8.7 INVESTMENT REQUIREMENTS

TOTAL OF PRE-OPERATING EXPENDITURES

MACHINERY & EQUIPMENT 18,732
FURNITURE AND FIXTURES 8,546
MATERIAL COST 37,994
OTHER COST 7,414
SALARIES 20,800
TOTAL 93,486

The total amount of required capital invested in this business is

P93,486. The proponents decided to round it off with an amount of 120,000 and it

will be divided by 6 proponents which is P20, 000 each.

Chapter 4

VII. SALES AND COST PLAN

A. PROJECTED STATEMENT OF COMPREHENSIVE INCOME

BOON PASTIES
Projected Statement of Comprehensive Income
For the Year Ended December 2022, 2023, 2024

SCHED 2022 2023 2024

1,671,07
Sales 1 1,622,400 1,721,204
2
Less: COGS (Costs of
Goods manufactured 733,998 749,004 764,488
Reports)

Gross Profit 888,402 922,068 974,716

Less: Operating expenses

 42

Salaries Expense (Indirect

7 171,600 171,600 171,600
Labor)
Fringe Benefit Expense 8 116,892 116,892 116,892
Store Supplies 10 6,180 6,365 6,556
Office Supplies 11 4,188 4,314 4,443
Sanitary Expense 12 21,840 22,495 23,170
Machinery & Equipment
14 18,732 18,732 18,732
Expense
Utilities Expense 4 14,400 15,120 15,876
Internet Expense 5 4,800 4,800 4,800
Miscellaneous Expense 17 3,600 3,600 3,600
Transportation Expense 18 4,200 4,326 4,456
Depreciation Expense 19 3,840 3,840 3,840
License and Clearance 4,730 4,730 4,730

Total Operating expenses (374,642) (376,814) (378,695)

Net Income Before Tax 513,760 545,254 596,021

B. PROJECTED STATEMENT OF COST OF GOOD MANUFACTURED

BOON PASTIES
Projected Statement of Cost of Good Manufactured
For the Year Ended December 2022, 2023, 2024

Cost of Good Manufactured Sched 2022 2023 2024

Material Costs 9 455,688 469,359 483,440

Salaries/Wages (Direct Labor) 6 249,600 249,600 249,600

Factory Overhead 2 26,688 28,022 29,424

Total Cost of Good

733998 749004 764488
Manufactured
 43

C. PROJECTED STATEMENT OF CHANGES IN PARTNERS EQUITY

BOON PASTIES
Projected Statement of Changes in Partners Equity
For the Year Ended December 2022,2023,2024

2022 2023 2024

Partner’s Equity, beg 120,000 2023 1,179,014

Add: Net Income 513,760 545,254 596,021

5960211,77
Partner’s Equity, end 633,760 1,179,014
5,035

D.1 PROJECTED STATEMENT OF FINANCIAL POSITION

BOON PASTIES
Projected Statement of Financial Position
For the Year Ended December 2022,2023,2024
Accounts Title 2022 2023 2024
Current Asset
Cash in Bank 490,322 1,039,416 1,639,277
Cash on Hand 120,000 120,000 120,000

Total Current Asset 610,322 1,159,416 1,759,277

Non-Current Asset
Furniture & Fixture 8,546 8,546 8,546
Less: Accum. Depreciation – F&F (1,367) (2,734) (4,101)
Book Value 7,179 5,812 4,445

Machinery & Equipment 18,732 18,732 18,732

 44

Less: Accum. Depreciation – M&E (2,473) (4,946) (7,419)

Book Value 16,259 13,786 11,313
Total Non-Current Asset 23,438 19,598 15,758
TOTAL ASSETS 633,760 1,179,014 1,775,035

Partner’s Equity
Contribution of Capital
Basal 16.67% 105,626.67 196,502.33 295,839.17
Bertos 16.67% 105,626.67 196,502.33 295,839.17
Cinco 16.67% 105,626.67 196,502.33 295,839.17
Daz 16.67% 105,626.67 196,502.33 295,839.17
Guimbaolibot 16.67% 105,626.67 196,502.33 295,839.17
Mabugat 16.67% 105,626.67 196,502.33 295,839.17
Total Partner’s Equity (100%) 633,760 1,179,014 1,775,035
TOTAL PARTNER’S EQUITY 633,760 1,179,014 1,775,035

a. SCHEDULES

Schedule 1: Sales
Particular 2022 2023 2024
MOS ANNUAL MOS ANNUAL MOS ANNUAL
Sales in
6,760 81,120 6,963 83,554 7,172 86,064
units
TOTAL 6,760 81,120 6,963 83,554 7,172 86,064
Sales 1,622,40 143,44
135,200 139,260 1,671,120 1,721,280
0 0
TOTAL 1,622,40 143,44
135,200 139,260 1,671,120 1,721,280
0 0

Schedule 2: Factory Overhead

Particular 2022 2023 2024

MOS ANNUAL MOS ANNUAL MOS ANNUAL

Water 200 2,400 210 2,520 221 2,646
 45

Electricity 1,000 12,000 1,050 12,600 1,103 13,230

LPG Gas 1,024 12,288 1,075 12,902 1,129 13,548

TOTAL 2224 26688 2335 28022 2453 29424

Schedule 3: Licenses and Clearance

Particular Amount
DTI Registration 530
BIR Registration 500
Mayor’s Permit 500
Barangay Clearance 50
Documentary Stamp 30
Fire Permit 200
SEC Registration Fee 2,120
Sample Production 800
TOTAL 4730

Schedule 4: Utilities Expense

Particular 2022 2023 2024
MOS ANNUAL MOS ANNUAL MOS ANNUAL
Water 200 2,400 210 2,520 221 2,646
Electricity 1,000 12,000 1,050 12,600 1,103 13,230
TOTAL 1,200 14,400 1260 15120 1324 15876
Schedule 5: Internet expense
Particular 2022 2023 2024
Internet expense 4,800 4,800 4,800
TOTAL 4,800 4,800 4,800

Schedule 6: Direct Labor’s Salary

Production Monthly Annual
Daily salary
worker/s salary salaries
1 200 5,200 62,400
1 200 5,200 62,400
1 200 5,200 62,400
1 200 5,200 62,400
800 24960024960
4 20800
0

Schedule 7: Direct Labor’s Salary

Position/s Daily salary Monthly salary Annual salaries
Manager 300 7,800 93,600
Cashier 250 6,500 78,000
 46

2 550 14300 171600

Schedule 8: Fringe Benefit

13th
List of Phil- PAG- Monthly Annual Total/
SSS Contribution
month
employees health IBIG Contribution Year
pay
Manager 1,014 234 200 1,448 17,376 7,800 25,176
Cashier 845 195 200 1,240 14,880 6,500 23860
4 Kitchen
2,704 624 800 4,128 49,536 20,800 70,336
Staff
4563 1053 1200 6816 81792 35100 119372

Schedule 9: Materials Cost

Particular 2022 2023 2024
All purpose flour 58,032 59,772.96 61,566.1488
Butter 53,352 54,952.56 56,601.1368
Iodized salt 240 247.2 254.616
Palm cooking oil 14,400 14,832 15,276.96
Onion 31,680 32,630.4 33,609.312
Garlic 5,760 5,932.8 6,110.784
Green peas 28,704 29,565.12 30,452.0736
Carrots 17,280 17,798.4 18,332.352
Powdered pepper 1,680 1,730.4 1,782.312
Cheese 28,080 28,922.4 29,790.072
Evaporated milk 9,360 9,640.8 9,930.024
Tuna 196,560 202,456.8 208,530.504
Egg 10,560 10,876.8 11,203.104
TOTAL 457710 469,359 365272.11
Schedule 10: Store Supplies
Particular 2022 2023 2024
Paper bag 1,200 1,236 1,272
Receipt 360 372 384
Sticker paper 2,220 2,292 2,364
TOTAL 3,780 3,900 4,020

Schedule 11: office Supplies

Particular 2022 2023 2024
Calculator 1,440 1,483 1,528
Ballpen 1,668 1,718 1,770
Record Book 1,080 1,112 1,146
TOTAL 4,188 4,314 4,443

Schedule 12: Sanitary Supplies

Particular 2022 2023 2024
 47

MOS ANNUAL MOS ANNUAL MOS ANNUAL

Max Glow 250 3,000 257.5 3,090 265.225 3,182.7
Sponge 105 1,260 108.13 1,297.56 111.3739 1,336.4868
Alcohol 500 6,000 515 6,180 530.45 6,365.4
Broom and
120 1,440 123.6 1,483.2 127.308 1,527.696
dust pan
Tissue 82 984 84.46 1,013.52 86.9938 1,043.9256
Trash bag 45 540 46.35 556.2 47.7405 572.886
Trash can 149 1,788 153.47 1,841.64 158.0741 1,896.8892
Disinfecting
235 2,820 242.05 2,904.6 249.3115 2,991.738
spray
Clothe wipe 45 540 46.35 556.2 47.7405 572.886
Hairnet 149 1,788 153.47 1,841.64 158.0741 1,896.8892
Apron 140 1,680 144.2 1,730.4 148.526 1,782.312
TOTAL 1820 21840 1874.58 22,495 1930.82 23,170

Schedule 13: Furniture and Fixtures

Particular 2022 2023 2024
Ceiling fan 350 350 350
Table 5,188 5,188 5,188
Stall chair 1,110 1,110 1,110
Storing racks 899 899 899
Fire extinguisher 999 999 999
TOTAL 10568 10569 10570
Schedule 14: Machinery & Equipment
Particular UNIT COST TOTAL
Rolling pin 102 204
Double deep fryer 2,999 2,999
Spatula 45 90
Cool Refrigerator 10,990 10,990
Standing Mixer 1,467 1,467
Wooden Cooking Utensil 130 130
Pizza Cutter 179 179
Empanada Molder 76 380
Strainer 115 575
Clipper 38 76
Measuring cups & spoon 46 92
Stainless tray 100 500
LPG Tank 1,050 1,050
TOTAL 17337 18732
 48

Schedule 15: Capitalization

Particular Contribution
BASAL, BERLYN 20,000
BERTOS, SHENA MAY 20,000
CINCO, SOFIA MA. YVONNE 20,000
DAZ, MA. ROSELA 20,000
GUIMBAOLIBOT, JENNIVEVE 20,000
MABUGAT, DIMPLE 20,000
TOTAL 120,000

Schedule 16: Mark-up

Tuna De Empanada
Selling price 20
Cost per unit 15
Mark-up 33.33%
Sales in unit (annual) 81,120

Schedule 17: Miscellaneous Expense

Particular 2022 2023 2024
Miscellaneous expense 3,600 3,600 3,600
TOTAL 3,600 3,600 3,600

Schedule 18: Transportation Expense

Particular 2022 2023 2024
Transportation expense 4,200 4,326 4,456
TOTAL 4,200 4,326 4,456

Schedule 19: Depreciation

EST.
Total Scrap Depreciable ANNUAL
Allocation LIFE
cost Value Cost DERECIATION
(yrs.)
Machinery &
Equipment
(Refrigerator, 15,456 3,091 12,365 5 2,473
Standing Mixer,
Double Deep
Fryer)
Furniture & 8,546 1,709 6,837 5 1,367
Fixture
 49

(Ceiling Fan,
Chairs, Fire
Extinguisher,
Table, Storing
Racks)
TOTAL 24002

b. Description of the Projected Statements

A. 1 Projected Statement of Comprehensive Income (Income Statement)

The projected financial statements are the income statements showing the

annual sales of the business deducted by the Cost of Goods Sold and Operating

Expense. The income of BOON PASTIES for its three years of operation in the

local business. Presented in depth is the increase of BOON PASTIES in the

succeeding years.

B. 1 Projected Statement of Cost of Good Manufactured

Capture the Costs of Good Sold in the Comprehensive Income Statement.

It shows the composition such as raw materials, direct labor and factory.

C. 1 Projected Statement of Changes in Partners Equity

To establish the business, it will require a P120,000 capitalization, wherein

every partner will contribute a total of P20,000 each. The Projected Statement of

change in partners equity shows investment of the partners as well as the net

income that made changes into their investment. Illustrated below details the

favorable growth divided among partners.

 50

D. 1 Projected Statement of Financial Position

This shows where the business will be in the nest years when calculated

through assets equal with its total equity of the business. It shows the summary

of the financial balance.

 51

IX. CASH FLOW

BOON PASTIES
Projected Statement of Cash Flow
For the Year Ended December 2022, 2023, 2024

Accounts Title 2022 2023 2024

CASH FLOW FROM OPERATIONS

Net Income 513,760 545,254 596,021
Depreciation 3,840 3,840 3,840

NET CASH FLOW FROM OPERATION 517,600 549,094 599,861

CASH FLOW FROM INVESTING

Purchase of Machineries & Equipment 18,732 - -

Purchase of Furniture & Fixture 8,546 - -

CASH OUTFLOW FROM INVESTING 27,278

CASH OUTFLOW FROM FINANCING

Partner’s Initial Investment 120,000 - -

NET CASH OUTFLOW FROM FINANCING 610,322 549,094 599,861

Add: Cash Balance, beg - 610,322 1,159,416

NET CASH FLOW FROM THE YEAR

610,322 1,159,416 1,759,277
ENDED
 52

A. FINANCIAL ANALYSIS

1. Ratio Analysis

i. Profitability Ratio

 PROFITABILITY RATIO
Gross Profit Ratio 2022 2023 2024
Gross Profit Ratio 888,402 922,068 974,716
Divided by Net sales 1,622,400 1,671,072 1,721,204
Gross Profit Ratio 55% 55% 57%

Profit margin ratio 2022 2023 2024

Net income 513,760 545,254 596,021
Divided by net sales 1,622,400 1,671,072 1,721,204
Profit margin ratio 32% 33% 35%

Return on total assets 2022 2023 2024

Net income 513,760 545,254 596,021
Divided by total assets 633,760 1,179,014 1,775,035
Return on total assets 81% 46% 34%

Return on equity 2022 2023 2024

Net income 513,760 545,254 596,021
Divided by partner’s equity 633,760 1,179,014 1,775,035
Return on equity 81% 46% 34%

X. CONCLUSION INTENT

Market Feasibility

According to the survey conducted by the proponents, the supply and

demand of the food product related to the proposed project which is Empanada’s

are increasing. Hence, by seeing the difference, the researchers decided to

target a market share of 46 percent of the total market share.

For the past year of operation, the domestic demand exceeded the

expected supply of the competitors which is the same in the following years. This
 53

means that the proposed project is feasible in terms of sales, supply and demand

in the market.

In terms of delivering the advertisement for this product to establish and

endorse the proponents’ identity, we are eyeing to promote it by the means of

social media and in terms of promoting it by words because it is the most reliable

and convenient in the city context.

Technical Feasibility

To produce the proposed project in the market, the proponents believe

that it is technically feasible. Since the raw materials for the proposed project is

near and available in the market. The proposed business is open from Monday-

Saturday 08:00 am to 05:00 in the afternoon, it will open 8 hours a day, 26 days

a month and 312 days a year. The target production per day for the proposed

business is 260 pieces per day, 6,760 pieces per month and 81,120 in the first

year of opening and introducing the business to the market. For the next year,

the proponents will increase and expand the business.

The proponents are seeing an advantage because the proposed plant for

the said project is near the schools around it and it is also near to the market.

Curry Avenue, San Bartholomew Street, Catbalogan City, Samar; is where the

proponents can easily access the raw materials if in case, the proponents still

need to produce the proposed product.

 54

Management Feasibility

The type of business organization is partnership; the total capitalization of

the proposed project is 120,000.00 pesos. Each partner will be contributing

P20,000 to start up the proposed business and utilize the said investment to

establish it. The proponents are given different tasks and roles to manage the

proposed project as to their field of expertise or in the production of the said

project. All partners will be a part of the day-to-day operations involving business

to ensure a smooth and efficient flow of the processes of the project.

Financial Feasibility

The total investment of the Partners to the proposed project is 120,000

pesos which is a minimal amount. In the first year of operation, the projected

income is 513,760 pesos and on the second year the income projected is

545,428 pesos. The result of the financial ratio is positive which indicates that the

proposed project will be doing well in the near future and will be assured that the

said study is feasible.

Socio-economic Feasibility

The establishment of the proposed project will help the folks of

Catbalogan City, Samar in terms of economic growth and employment. This

proposal will not just exist for profit purposes but also to give employment to

people who want to earn money and to help improve the organization/company.

On the other hand, the employees will also have taxes generated due to the

mandate of the government.

 55

XI. LEGAL REQUIREMENTS

ARTICLE OF PARTNERSHIP
OF
BOON PASTIES
(Partnership Name)
KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned partners, all of legal age, residents and citizens

of the Philippines, have on this day voluntarily associated ourselves together for

the purpose of forming a general partnership under the following terms and

conditions and subject to existing and applicable laws of the Republic of the

Philippines:

AND WE HEREBY CERTIFY:

ARTICLE I. Partnership Name: That the name of this partnership shall

be BOON PASTIES and shall transact business under the said company name.

ARTICLE II. Business Purpose: That the purpose/s for which this

partnership is formed Is/are:

The purpose of a business is to offer value (through products and/or services) to

customers, who pay for the value with cash or equivalents. Minimally the money

received should fund the costs of operating the business as well as provide for

the life needs of the partners.

ARTICLE III. Principal Place of Business: That the principal place of

business of this partnership shall be located at: Curry Avenue, San Bartholomy

Street Catbalogan City, Samar.

 56

ARTICLE IV. Terms of Existence: That this partnership shall have a term

of 5 years from and after the original recording of its Articles of Partnership by the

Securities and Exchange Commission.

ARTICLE V. Partners’ Circumstances: That the names, nationalities and

complete residence addresses of the partners are as follows:

Complete Name Residence Nationality

BERLYN O. BASAL
CATBALOGAN CITY Filipino
SHENA MAY B. BERTOS CATBALOGAN CITY Filipino
SOFIA MA. YVONNE C. CINCO CATBALOGAN CITY Filipino

MA. ROSELA L. DAZ CATBALOGAN CITY Filipino

JENNIVEVE O. GUIMBAOLIBOT PARANAS, SAMAR Filipino

DIMPLE B. MABUGAT PARANAS, SAMAR Filipino

ARTICLE VI. Capital Contribution: That the capital of this Partnership

shall be the amount of one hundred twenty thousand pesos(P120,000.00),

Philippine currency, contributed in cash the partners, as follows:

Complete Name Contributed Amount

BERLYN O. BASAL P20,000.00
SHENA MAY B. BERTOS P20,000.00
SOFIA MA. YVONNE C. CINCO P20,000.00
MA. ROSELA L. DAZ P20,000.00
JENNIVEVE O. GUIMBAOLIBOT P20,000.00
DIMPLE B. MABUGAT P20,000.00
 57

That no transfer of interest which will reduce the ownership of Filipino

citizens to less than the required percentage of capital as provided by existing

laws shall be allowed or permitted to be recorded in the proper books of the

partnership.

ARTICLE VII. Sharing Ratios: That the profit and losses of this

partnership shall be divided and distributed proportionately on the ratio of the

capital contribution of each partner.

ARTICLE VIII. Management: That this partnership shall be under Berlyn

O. Basal as Manager, who shall be in charge of the management of the affairs of

the company. She shall have the power to use the partnership name and in

otherwise performing such acts as are necessary and expedient in the

management of the firm and to carry out its lawful purposes.

ARTICLE IX. Undertaking to Change Name: That the partners

undertake to change the name of this partnership, as herein provided or as

amended thereafter, immediately upon receipt of notice or directive from the

Securities and Exchange Commission that another corporation, partnership or

person has acquired a prior right to the use of that name or that the name has

been declared as misleading, deceptive, confusingly similar to a registered

name, or contrary to public morals, good customs or public policy.

IN WITNESS WHEREOF, we have hereunto affixed our signatures this

15th day of December 2021, at Catbalogan City.

Name of Partners TIN Signature

BERLYN O. BASAL
SHENA MAY B. BERTOS
SOFIA MA. YVONNE C. CINCO
MA. ROSELA L. DAZ
JENNIVEVE O. GUIMBAOLIBOT
DIMPLE B. MABUGAT
XII. PROJECTED TIME TABLE
 58

August September October November Dec - Jan

Weeks Weeks Weeks weeks weeks
Target 2022 2022 2022 2022 2023
Activities

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4

FS
Documentatio
n
Sourcing of
funds

Looking for
Plant location

Renovation &
improvement
of plant
Acquisition of
tools &
equipment
Hiring of
workers

Purchasing of
raw materials

Securing of
government
licenses
Test run/ trial
operation

Start of
operation

XIII. PICTURES
 59

Below is the documentation of how entrepreneurs manufacture their

produced product to be sold for the customers orders.

Preparation of orders before the delivery and its proof of purchase.

 60

This is the documentation of the

task/work we had done before and after

the pre-oral and final defense.

At the church, praying for

guidance and success,

strengthening our thoughts/bond

and be able to accept whatever

the result after the defense.

 61

XIV. CURRICULUM VITAE

The curriculum vitae of the students in SAMAR COLLEGES, INC, taking a

Degree of BACHELOR OF SCIENCE IN BUSINESS ADMINITRATION major in

FINANCIAL MANAGEMENT for the school year 2022-2023. The personality who

conducted the study for the Feasibility of the business venture BOON PASTIES

which is a graduation requirement for this course. The proponent’s personal data

are listed accordingly in the following page.

 62

BERLYN ORAYA BASAL

Purok 6, Brgy. Maulong
Catbalogan City, Samar
+639951271449
Email: itsmeberlyn@gmail.com

OBJECTIVES:
To get an opportunity where I can make the best of my potential and
contribute to the organization’s growth.

PERSONAL BACKGROUND
Date of Birth: September 11, 2000
Place of Birth: Novaliches, Quezon City
Age: 22 yrs. Old
Sex: Female
Civil Status: Single
Citizenship: Filipino
Religion: Roman Catholic
Father’s Name: Bartolome L. Basal
Mother’s Name: Evelyn O. Basal

EDUCATIONAL BACKGROUND:
TERTIARY BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
Major: Financial Management
Samar College Inc.
Catbalogan City, Samar

SECONDARY Samar National School

San Francisco St., Catbalogan City, Samar
JUNIOR – SENIOR HIGH (ABM Strand)
S.Y: 2013-2019(Graduated)

PRIMARY Catbalogan IV Central Elem. School

Brgy. Maulong, Catbalogan City, Samar
S.Y: 2007-2013(Graduated)
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SHENA MAY BRAZIL BERTOS

Brgy, 3 Pier 2.
Catbalogan City, Samar
+63938-035-9402
Email: shenabertos739@gmail.com

OBJECTIVES:
To secure a position in an organization which offer challenging
assignments and opportunity for increased individuals’ responsibilities with an
recognize career path for advancement and skills development.

PERSONAL BACKGROUND
Date of Birth: July 24, 1999
Place of Birth: Catbalogan City
Age: 23 yrs. Old
Sex: Female
Civil Status: Single
Citizenship: Filipino
Religion: Roman Catholic
Father’s Name: Roque C. Bertos
Mother’s Name: Miriam B. Bertos

EDUCATIONAL BACKGROUND:
TERTIARY BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
Major: Financial Management
Samar College Inc.
Catbalogan City, Samar

SECONDARY Samar National School

San Francisco St., Catbalogan City, Samar
JUNIOR – SENIOR HIGH (ABM Strand)
S.Y: 2013-2019(Graduated)

PRIMARY Catbalogan I Central Elem. School

Catbalogan City, Samar
S.Y: 2007-2013(Graduated)
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SOFIA MA. YVONNE C. CINCO

Brgy. San Pablo, Rosas Street
Catbalogan City Samar
+639652462063
Email: cincosofia8@gmail.com

OBJECTIVES:
To be part of a company that would give me more experience, knowledge
and enhance my inner skills and to share my knowledge and what I’ve learned in
school and in my past job in able to be a better person I can be.

PERSONAL BACKGROUND:
Date of Birth: September 5, 2000
Place of Birth: Catbalogan City
Age: 22 yrs. Old
Sex: Female
Civil Status: Single
Citizenship: Filipino
Religion: Roman Catholic
Father’s Name: Ruel A. Abarcar
Mother’s Name: Rhea C. Abarcar

EDUCATIONAL BACKGROUND:

TERTIARY BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION

Major: Financial Management
Samar College Inc.
Catbalogan City, Samar

SECONDARY Samar National School

San Francisco St., Catbalogan City, Samar
JUNIOR – SENIOR HIGH (ABM Strand)
S.Y: 2013-2019(Graduated)

PRIMARY Catbalogan I Central Elem. School

Catbalogan City, Samar
S.Y: 2007-2013(Graduated)
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MA. ROSELA L. DAZ

Purok 5, Brgy. 3, Pier 2
Catbalogan City, Samar
+639366152443
Email: roseladaz1819@gmail.com

OBJECTIVES:
Be able to have a job that will make me productive and responsible. As
well as, to have an agency who will influence and help me developed my skills
and abilities to work under pressure to an influential agency/company.

PERSONAL BACKGROUND:
Date of Birth: July 18,1999
Place of Birth: Catbalogan City
Age: 23 yrs. Old
Sex: Female
Civil Status: Single
Citizenship: Filipino
Religion: Roman Catholic
Father’s Name: Rodolfo L. Daz Sr.
Mother’s Name: Rosita L. Daz

EDUCATIONAL BACKGROUND:
TERTIARY BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
Major: Financial Management
Samar College Inc.
Catbalogan City, Samar

SECONDARY Samar National School

San Francisco St., Catbalogan City, Samar
JUNIOR – SENIOR HIGH (ABM Strand)
S.Y: 2012-2019(Graduated)

PRIMARY Catbalogan I Central Elem. School

Catbalogan City, Samar
S.Y: 2006-2012(Graduated)

JENNIVEVE OCASLA GUIMBAOLIBOT

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Gabon Blvd. St., Zone 3

Paranas, Samar
+639454691690
Email: jenniveveguimbaolibot0@gmail.com

OBJECTIVES:
Capable of learning things to develop my knowledge and skills.
Can easily adapt/understand, as well as motivated to do everything to obtain and
achieved success.

PERSONAL BACKGROUND:
Date of Birth: June 19,2001
Place of Birth: Paranas, Samar
Age: 21 yrs. Old
Sex: Female
Civil Status: Single
Citizenship: Filipino
Religion: Roman Catholic
Father’s Name: Gil R. Guimbaolibot
Mother’s Name: Salvacion A. Ocasla – Guimbaolibot

EDUCATIONAL BACKGROUND:
TERTIARY BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
Major: Financial Management – Samar College Inc.
Catbalogan City, Samar

SECONDARY JUNIOR HIGH – Wright National High School

Paranas, Samar
S.Y: 2013 – 2017
SENIOR HIGH (ABM Strand) - Samar National School
San Francisco St., Catbalogan City, Samar
S.Y: 2017-2019 (Graduated)

PRIMARY Wright II Central Elem. School

Paranas, Samar
S.Y: 2007-2013 (Graduated)
DIMPLE BACAYCAY MABUGAT
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Purok 1, Brgy. Bato

Paranas, Samar
+63961-560-5053
Email: dimplemabugat92@gmail.com

OBJECTIVES:
Immensely motivated to develop my skills and capable of understanding
new information / new things. I am certain to come up with interesting ideas.

PERSONAL BACKGROUND:
Date of Birth: January 30, 2000
Place of Birth: Brgy. Bato, Paranas, Samar
Age: 22 yrs. Old
Sex: Female
Civil Status: Single
Citizenship: Filipino
Religion: Roman Catholic
Father’s Name: Dennis Cabañero Mabugat
Mother’s Name: Marites Bacaycay Mabugat

EDUCATIONAL BACKGROUND:
TERTIARY BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
Major: Financial Management
Samar College Inc.
Catbalogan City, Samar

SECONDARY St. Mary's College of Catbalogan

Catbalogan City, Samar
JUNIOR – SENIOR HIGH (ABM Strand)
S.Y: 2012-2018 (Graduated)

PRIMARY Bato Elementary School

Brgy. Bato, Paranas, Samar
S.Y: 2006-2012 (Graduated)

XV. APPENDIX
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