Acknowledgment 2
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Transcript of Acknowledgment 2
PAPARAZZI REPUBLIC LOGO
ACKNOWLEDGMENTWe should like to extend our warmest gratitude to those people who made this
feasibility study possible. First, our family who supports all our undertakings and gives
moral and spiritual guidance to us. Second, our friends especially Ms. Queenie Francisco
who provided us with a reliable feasibility outline. Third, our professor, Mr. Mario S.
Nillo who gave us the opportunity to experience the pressure and to extend our
knowledge just to finish the study. Fourth, We, the members of the group who effortly
participated and share the Almighty God who knows everything about us.
“PAPARAZZI REPUBLIC”
BACKGROUND HISTORY
The Paparazzi Ladies ws first created way back college days in the year 1999 and since
our course is BS Business Management we are already thinking about putting up our
own business but we know that were not capable of doing that so we decided that after
graduation we will part ways to do our own thing and to earn enough money.
After 7 years, we plan to do reunion party. We are already successful in our own career.
Some are managers in a big company while others are happily married.
In the night of our reunion, we talked about our previous plans about putting up a
business and we thought that it is the proper time to do it, so with the help of our
colleagues, we started to plan our business and we call it “Paparazzi Republic”a
manufacturing company specialized in Banana Chips.
We chose to manufacture banana chips because since we were kids, we used to buy
banana chips in our favorite sari-sari store. It’s been our groups favorite snack. We
notice that most of the commodityin the market changes in terms of look and taste but
banana chips are still the same, thats why we come up to the idea of innovating them
and give it a new look and taste.
MISSION
To innovate and give new look of bananas in order to promote nutritious but delicious
delicacy.
To maintain the quality standard of the product that every consumer will surely satisfy
their demands or preferences.
To ensure good sanitation or cleanliness in product to protect their health.
To supply their demands on time.No late deliveries of the product.
VISION
To be one of the finest manufacturer of banana chips not just here but also abroad and
be one of the advocate of healthy but mouthwatering snacks.
TABLE OF CONTENTS
TITLE
I.SUMMARY OF THE PROJECT
a. Name of the firm
b. Location
c. Brief Description of the Project
d. Project Summary
d.1) Economic Study
d.2) Technical Study
d.3) Management Study
d.4) Financial Study
d.5) Socio-Economic Contribution
II. BACKGROUND OF THE STUDY
a. Objectives of the Project
b. Scope and Limitation of the Study
III. MANAGEMENT STUDY
a. Name of the Bsusiness
b. Type of Organization
c. Officers and its Qualification
d. Functions and Responsibilities
e. Organizational Chart
f. Manner of Dividing Profits
g. Projected Sales
IV. Economic Study
a. Market Study
b. Supply and Demand
c. Market Strategies
d. SWOT Analysis
V. Technical Study
a. Product Descriptions
b. Packaging
c. Manufacturing Process
d. Building and Facilities
e. Rules and Regulation
e. Attendance
f. Utlility Expenses
VI. FINANCIAL STUDY
a. Projected Income Statements
b. Projected Balance Sheet
c. Projected Cash Flow
d. Organizational Cost
e. Witholding Tax
f. Horizontal Analysis
g. Vertical Analysis
h. Cost of Goods Sold
i. Depreciation Schedule
j. Electricity Expense
k. Telephone Expense
l. Water Expense
m. Capital Contributions
VII. SOCIO-ECONOMIC CONTRIBUTIONS
a. Contribution to the Philippine Economy of our Business
I. SUMMARY OF THE PROJECT
I.A Name of the Firm
“Paparazzi Republic”
I.B Location( Plant and Head Office)
FTI Complex, Taguig City
I.C Brief Description of the Business
Banana Crunch is the first ever banana chips coated with different flavors like
chocolate, honey, vanilla, ube, and stawberry that will surely add a different look and
taste to banana chips. This is made for everybody who like to eat sweets with a twist of
crunchiness.
The business will engage in manufacturing. It will be concentrating on making
banana chips with a product named “banana crunch”. Then, it will be delivered to
different distributors in Muntinlupa City where the target market is located.
“ Banana Crunch” is the first ever banana chips coated with different flavors like
chocolate, honey, vanilla, ube and strawberry that will surely add a different look and
taste to banana chips. This is made for everybody who like to eat sweets with a twist of
crunchiness.
I.D Project Summary
a. Economic Study
This study will focus on the 4P’s of production (product, price, place, and promotion).
Since we are a manufacturing business, this is concentrate on this factors bacause it will
be affecting the production of the firm. It also includes the supply and demand, SWOT
analysis, place of distribution, and projected sales.
b. Technical Study
This part deals with the product description and the manufacturing process. It contains
informations regarding the raw materials needs to produce the product and supplies.
The building and facilities, utilities, waste disposal, direct labor requirement and the
cleanliness and orderlinessof employees.
c. Management Study
It will be concentrating on the nature of the business, type of organization, functions
and responsibilities and the qualifications of the employees.
d. Financial Study
This part of the study includes the projected financial statements made to forecast the
financial aspects and projections.
e. Socio- Economic Contribution
This part identifies the contribution to the Philippine economy of our business.
II. Background of the Study
A. Objectives of the Project
- To know if the business will be profitable or not.
- To determine the possible contributions of the business in the future.
- To find out if the business is feasible to operate.
B. Scope and limitation
- The project focused on the manufacturing aspects of the chosen study. Only
related term include and carefully studied in this feasibility study.
III. MANAGEMENT STUDY
III.A) Nature of Business
Manufacturing Firm
III.B) Type of Organization
Our Business is classified as a Partnership. It has a series of advantages: First, it is easy to
organize; second, the availability of more capital and credit where the partners can pool
their resources, properties, and equipments; third, the retention of profits. This
stimulate the partners to improve the operation. Finally, better skills, ability and
knowledge of partners are a source of strength. Each partner contributes his skills,
abilities and knowledge to othe business. Such contributions provide better
management in terms of planning, organizing, staffing, directing, leading, controlling,
decision-making and implementation.
III.C) Officers of the enterprise and their qualification
Indirect Labor
General Manager
- Male or female
- Must be a graduate of 4 years in Business Management
- Atleast 2 years working experience as a manager
- Articulate and with sound management
Sales and Marketing Manager
- Male or female
- Must be a graduate of Bachelor degree of Business Mngt. or BS Mktg.
- Atleast 1 year experience as a manager.
- Articulate and with sound management
Accountant and Book Keeper
- Male or female
- Must be a graduate of 4 years in Accountancy or Commerce
- Must pass the board exam
- Must be knowledgeable in computer accounting programs and systems
- Skilled in preparing statements and reports
Production Manager and Production Supervisor
- Male
- Must be a college graduate with technical skills and knowledge in
operation of equipment
Human Resource Manager
- Male or Female
- Must be a graduate of psychology or any business related course
- Must have 1 to 2 years working experience
Direct Labor
Workers
- 18-35 years old
- Male or Female
- Atleast highschool graduate
- With good health
III.D) Functions and Responsibility
General Manager
is responsible for the over-all supervision and management of the operation
of the business. He will be reporting about the progress and condition of the
business to the owners.
Accountants and Book Keeper
is responsible in keeping accounting and auditing records, makes financial
statements monthly in a basis to keep track of the business, financial status,
list down company expenditures as well as its receivables in a journal and
adjust entries before transferring his records into a blanace sheet. He also
communicates with the general manager by interpreting the financial reports
and help him come up with the sound financial decisions.
Sales and Marketing Manager
Is responsible for handling both sales and marketing department. Their task
is to analyze sales condition and make plans for promotion of the product.
He also communicates the results with the general manager by suggesting
possible ways on how to increase and maintain sales and on how to promote
the product.
Production Manager and Production Supervisor
They ensures high quality and high productivity of products and workers
respectively. To complete with tasks, he should make sure that his
subordinates strictly follow the proper procedures of production. He also
receives the delivery of raw materials and also liable of checking them aside
from these technical aspects. They also ensures better relations with his
subordinates and handled complaints especially workers to worke and
manager to worker conflicts.
Human Resources Manager
She/he keeps records and recruit employees that will be part of company’s
field either low rank or high rank. She is also responsible in conducting job
evaluation and analysis.
Workers
Are responsible for the task assigned to them depending on the section
where he/she is placed.
III.E Organizational Chart
CCOUNTA
SUPERVISOR
ASST. SUPERVISOR
- 2 Subordinates peeling
Quality Control
General Manager
HUMAN RESOURCE MANAGER
ACCOUNTANTS AND BOOK KEEPER
SALES AND MARKETING MANAGAER
PRODUCTION MANAGER
SALES MARKETING
PRODUCTION SUPERVISOR
WORKER
III.F Manner of Dividing Profits & Losses
The partners agreed to divide profits and losses according to their capital contributions.
PARTNERS PARTNER’S PERCENTAGE
Bautista, Marian Rose C. 7.84%
Dela Peña, Ferdinand B. 3.08%
Jarilla, Joanna R. 7.67%
Manansala, Jellivie H. 7.89%
Panesales, Rodelyn F. ` 7.80%
Quian, Jennifer B. 7.77%
Tayco, Liezyl D. 50.61%
TOTAL: ` 100%
COMPUTATION:
Each partner’s capital contribution/total owner’s equity x 100%
IV. ECONOMIC STUDY
IV.A Market Study
We chose Muntinlupa City as the place to sell our product since it has the bigest
population compared to Taguig. We also consider the number of Super Markets.
Muntinlupa City have a markets like Star Mall, Festival Mall, SM Sucat, SM Muntinlupa,
Llanes and Alabang Terminal where we can sell the product. We think that it would be a
big market for our product.
IV.B Supply and Demand
Based on the past data\in the production of bananas in hectares, we made this an
opportunity to start a business. Out of this product since it shows a good possibility for
supply. After all, it is not seasonal while mangoes that are only available at a certain
season, thats why the supply will not be a big problem. According to Google.com. Our
country ranked top 4 among good trend too. To contribute to additional demand for
these product in our country, we plan to make banana chips a new taste and look and
one more thing we know that Filipinos love to eat bananas.
PRODUCTION OF BANANAS IN THE PHILIPPINES
No. Of Hectares 1990 1995 2000
Area Hectares 300,200 322,008 348,049
IV.C Marketing Srategies/Programs
Our Marketing Strategies would be divided into four parts according to the 4 P’s of
Marketing: Product, Price, Promotion, and Place.
Product
Since our target market for “ banana crunch” are people who like to eat
sweets especially banana chips, we decided to add something different and
unique to its typical flavor we come up with the idea that ice cream comes in
different flavor, so can it do with banana chips. They will be coated wit
chocolate, honey, vanilla, ube, and strawberry flavors. We thought that it
would be a great idea since consumer’s taste preferences changes fast.
Price
The price will be based primarily on suggested unit price per box. Any
possible changes will be relying ont the customer’s acceptance and other
economic considerations.
1 box (24g x 10g) all flavors P2134.80
1 box (32 x 80g) all flavors` P1494.40
Place
The plant and head office is located at FTI Complex, Taguig City since the
place is suitable for manufacturing firms. It is also accessible to supermarkets
where pssible wholesalers and retailers are found. When it comes to the
supply of bananas (saba) it only takes 3 hours from Laguna to deliver them to
the plant.
NOTE: The supply of our bananas comes from a partners hacienda which is
Hacienda de Banana located at Laguna.
Promotion
Through internet ( website like facebook) and billboard (sign in SLEX) that
would last for six months. We think that six months of outdoor experience is
enough to gain popularity among our consumers, after all we’re the first to
manufacture banana chips coated with different flavors.
IV.D SWOT Analysis
Internal
Strengths
Brand new taste and look for banana chips. We make banana chips with
different flavors that will surely add excitement to our customers.
Cheap and abundance supply of bananas. Our main ingredient, which is
banana is not seasonal so there is no problem on supply.
Weaknesses
Cost of Production. The production of Banana Chips undergo in many
processes making the production cost reasonably high.
External
Opportunity
Uniqueness of the product. We are the very first to produce banana chips
with different flavor , so there is a big chance that our product will be in
demand unlike other existing product.
Threat
Tight Competition. Since our product would soon be famous. Other
competitors might copy our product so there will be many competitors.
IV.E Place of Distribution
We will distribute our product in a designated distributors in each barangays in
Muntinlupa City so that wholesalers and retailers will buy our products to a place near
to them.
IV.F Projected Sales
Supposedly there are nine distributors in Muntinlupa City and then we are able to give
them enough supply to satisfy the market demand.
V. TECHNICAL STUDY
V.A Product Descriptions
The finished product of “Paparazzi Republic” are banana chips dipped with
with different flavors. The flavors of our product are chocolate, honey,
vanilla, ube, strawberry. The “Banana Crunch” are available in 150g and 80g.
Banana Chips is the most popular snack for different ages. Made from green banana
(Saba variety) which is an excellent source of potassium. It is also an excellent energy
snack for it contains vitamin B6 and C, potassium and dietary fibers.
We are offering different flavors with different properties:
Banana Chips coated with chocolate
Dipped with Honey
Vanilla flavor
Ube flavor
Strawberry flavor
Textures: Crunchy and firm, but not excessively hard
Odors: Typical banana aroma with slight smell of vegetable oil
Cuts available:
Round or oval
Thickness 4-6mm.
V.B Packaging
Excellent source of potassium
Gives more energy
Contains vitamin B6 and C, and dietary fibers
INGREDIENT: Banana, Coconut oil, flavorings( depends on the flavor)
Banana chips should be stored in a cool place (less than 75 degree fahrenheit) dry
place( less than 54 degree fahrenheit). If properly stored this life has ans wstimated
shelf life of 1 year.
NUTRITION FACTS:
Serving size 50g
Amount per serving
Calorie 180 calories from fat 90
Total fat 10g 16%
Potassium 47%
Energy,kcal 15%
Dietary Fiber 16%
Vitamin B6 14%
Manufactured by: Paparazzi Company
FTI Complex Taguig City
Hotline no. 536-8690/09182453255
V.C Manufacturing Process
Quality Control
Inspection of bananas (saba) is done before peeling is made. The production manager
sees to it that ingredients, utensils and materials needed are clear, free of defects and
with goog quality.
Peeling the Banana saba (worker)
In peeling the banana saba, the workers manually peeled off the banana.
Banana Slicing Machine
To slice the bananainto thin slices for making bananaasper required type and thickness.
It is possible to make different styles by simply changing the cutting knife of the
machine.
Slice Washing Machine
To wash the prepared slices and remove starch from it.
Water-Dehydrator Machine
To reduce the moisture content from the banana slices so that they get easily fried in
frying machine.
Water Frying Machine
To fry banana slices in hot cooking oil.
Oil Extractor Machine
Extract the excess oil from the banana chips before packing.
Semi-automatic Machine
To add oil and required seasoning to the fried banana chips to give the different flavors
to the banana chips.
Automatic Motorized ealing Machine
To seal the banana chips in heat sealable laminated pack.
MANUFACTURING PROCESS
PEELING
BANANA SLICING MACHINE
SLICING WASHING MACHINE
WATER DEHYDRATOR MACHINE
WATER FRYING MACHINE
OIL EXTRACTOR MACHINE
SEMI AUTOMATIC FLAVORING MACHINE
AUTO MOTORIZED SEALING MACHINE
QUALITY CONTROL
V.D Building and Facilities
Facilities
Our office contains the following facilities furniture (chairs, tables, cabinets) and
equipment (computer, printer, telephone,,fax machine, etc.) and office supplies (paper,
pencil, punches, etc.)
Our production area contains machineries such as:
Banana slicing machine
Slice washing machine
Water dehydrator machine
Water frying machine
Semi automatic seasoning machine
Automatic motorizing sealing machine
Building
The contributed land includes the building already. It will undergo renovations so
that it will be used properly for the operations of the business.
Utilities
The main supplies of our utilities are meralco for the power supply, Manila water
for the water supply and PLDT for communicationslines because we believe in the
credibility and reliability of said establishments when it comes to their services.
V.E Waste Disposal
Waste like banana peelings are gathered and will be given to banana farmers in
Laguna for them to be used as fertilizers.
V.F Direct labor requirement
There will be workers located in the four sections of the production area:
peeling, slicing and drying, frying and coating and packaging. They will be responsible
onthe assigned task to them depending on the section where they are placed.
V.G Cleanliness and orderliness
We maintain cleanliness and good sanitation in the area of production by
requiring all thelaborer to wear gloves, hairnet, face mask,apron, and their
production gown while they are working.
V.H Rules and regulations
1. Every employee should wear a proper uniform during performing the job
2. All employee must come to the work place in the proper time as prescribed
by the management.
3. Since we are a manufacturing company, every employee shouldmaqintain
orderliness and cleanliness.
4. When the employee commit 3 consecutive absences he/she will receive
notices.
5. Every employee will received a salary based on the community pay scale.
6. Employee is not allowed to enter the company premises if he/she is under
the influence of alcohol.
7. Sexual discrimination are not allowed among employee and top
management.
8. Allowed to enter the company’s premises if they are not wearing their
respective ID’s.
9. Employees are not allowed to take a leave of absent without valid reason.
10. After receiving a notice, if the employee committed another violation he/she
will be penalizedand canbe usedas a ground for his/her termination.
V.I Attendance
Each employees must observe their scheduled work hours. A day before they
leave they should file a Leave Application Form.
These are the following detailed procedures for filing of leave:
1. Fill up the neccessary information on the Leave Application Form available at the
office of the administrative assisted.
2. Submit the filed out form to the office of the adminitrative assisted for approval.
3. The immediate supervisor shall affix his/her signature on the application
approved, and then the form shall be returned to the office of the administrative
assisted.
4. The employee shall be informed about his/her Leave Application Form being
approved or rejected immediately upon signature of the administrative assistant.
V.J Utility Expenses
Lighting Expense
120 watts/flourescent
Production area
58 flourescent
0.12 x 10 hours x 58 units x 26 days = 1809.6 per month
Warehouse
46 flourescent
0.12 x 10 hours x 46 units x 26 days = 1435.2 per month
Office area
136 flourescent
0.12 x 9 hours x 136 units x 26 days = 3818.818 per month
Hallway
60 bulb
0.12 x 11 hours x 60 units x 26 days = 2059.2 per month
Parking area
12 incandescent bulb (80 watts/incandescent)
0.08 11 hous x 12 units x 12 days = 274.56 per month
Total kwh per month = 9397.44
Air conditioning expense
9 air conditioner
Wattage: 1.125 kwh
1.125 kwh x 8 hours x 9 units x 26 days = 2106 per month
Fax machine Expense
5 fax machine
Wattage: 220 watts = 22 kwh
22kwh x 5 units x 8 hours x 26 days = 288.8 per month
Telephone Expense
20 telephone
Rate: 999 per month
20 unit x 999 = 19980 per month
Machine Expense
7 machines
Wattage: 1.5 kwh
1.5 x 10 hours x 7 units x 26 days = 2730 per month
Total expenses for lighting:
P 14522.24 (per month)
P174266.88 (per year)
Total Expenses for Telephone:
P19980 (per month)
239760 (per year)
Total Expenses for Water:
P2711.22 (per month)
P32534.64 (per year)
MANUFACTURING
MACHINES
FEASIBILITY STUDY (Paparazzi Republic Manufacturing Company)
“Banana Crunch”
Submitted by:
Baustista, Marian Rose C.
Dela Peña, Ferdinand
Jarilla, Joanna R.
Manansala, Jellivie H.
Pansales, Rodelyn F.
Quian, Jennifer B.
Tayco, Liezyl D.
MANUFACTURING PLANT
BANANA FARM
PRODUCTION WORKER UNIFORM
HIGH RANK EMPLOYEES UNIFORM
DELIVERY TRUCK
OFFICE SUPPLIES
PRODUCT LAYOUT
SAMPLE PERMITS