Académique Documents
Professionnel Documents
Culture Documents
March 2016
CHAPTER I
INTRODUCTION
People are quite obsessed with making everything beautiful. Women tend
to buy make-ups, lipsticks, accessories and etc. to improve their appearances.
Men also buy different accessories for their cars to make it look cool or flashy.
Aside from making themselves and their stuffs more beautiful, people also
tend to make their surroundings like their houses and their business
establishments attractive, by some decorations like paintings, figurines,
chandeliers and lampshades. Midas Handicraft Company can provide that
lampshades and chandeliers, which are classified as Light Fixtures.
PROJECT SUMMARY
A. Name of the Enterprise
Midas Handicraft Company was the name establish by the proponents
for their company. It was derived from the popular King Midas of Phrygia in
Greek Mythology, who has the ability to turn everything he touched into gold.
The proponents chooses that name because the most essential and best
instrument of making their product are the hands, so it is being look like their
hands are like King Midas Hands, which can make something as precious as
gold. The proponents also choose that name to portray elegance toward their
customer.
Figure1.Company Logo
The company logo consist of golden hands and the name of the enterprise.
Golden hands which signifies hard work, creativeness, ambition and passion. The hands
are gold because it gives the company the positivity to have good sales.
Mission
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minds. The proponents has been looking for a product that would
probably be feasible to market.
The proponents proposed two products to their adviser. The
first proposal is a cake with a salad on its inside. Mr. Veril told the
proponents that the cake was just okay but the costing is too
expensive. With that, the proponents decided to offer and
introduced their second choice which is the beezle. It has also been
the desire of the proponents to continue what has been their
instructor suggested to venture the said business product.
With the approved proposed product, it will be an advantage
because one of the proponents parents has a business that will
probably help them promoting their product to another market
which is the neighboring countries through exporting, Zurbanos
parents has connections on how to promote their products abroad
since her mother also has business through exporting but since the
proponents is just starting their business they decided to focus here
in Lapu-Lapu City for two (2) years.
C.
ACQUISITION
AND
INSTALLATION
OF
E. NORMAL OPERATION
From planning to acquisition of materials and
installation of equipment takes several days and
weeks to accomplish.The business is expected to
start its operation on March 25, 2016.
2. Nature of the Industry
Midas Handicraft Company is a Partnership which is a
manufacturer, seller and supplier of Beezle Light Fixtures.Although
there are existing companies who already offers light fixtures, the
proponents will make sure to offer a unique and affordable ones to
catch customers attention. The proponents will see to it that proper
accommodation of customers will be observed and make sure to
satisfy customers need.
The Midas Handicraft Company will be into consignment
business, since they're location is just near to many vendors. They
will also be a supplier of Beezle Light Fixtures in Alcon Industry,
where Zurbanos parent is working.
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3. Mode of Financing
The initial capital that has been agreed by the members of
the proponents is P 150,000.00 which will be coming from
individuals investments. There will be P 25,000.00 per partner.
Instead of just putting the money in the bank with a minimal interest
per annum, the proponents decided to venture into business for
their money to gain higher return on investments.
4. Investment Cost
BeezleLight Fixtures is relatively inexpensive and a good
investment. With that, it only needs a lower amount of capital in
order to run and operate its production and any other related
transactions. Upon agreed, the estimated initial start-up capital
would be P 150, 000.00 which have to have return in two (2) years.
Table 1
Business Start Up Cost
PARTICULARS
PRE-OPERATIONG COST:
Permits & Licenses
Prepaid Rents (3 months)
Interior & Exterior Improvements
FIXED ASSETS:
AMOUNT(Php)
5,000.00
18,000.00
10,000.00
TOTAL (Php)
33,000.00
6,300.00
15,000.00
21,300.00
85,000.00
600.00
1,000.00
1,500.00
7,600.00
95,700.00
TOTAL
150,000.00
As shown in the table above, the cost for rental is prepayment good for two (2)
months advance that will be consumable for the first two months and one (1) month deposit.
All other cost is allocated good for one month operation of the business.
G. Major Assumptions
1. Market Feasibility
Customers satisfaction would take part on the growth of the business.
There is always a room for improvement to fully meet the needs of the
customers. The proponents will do their best to communicate with their
customers and understand the product they're looking for.
The proponents would adopt practical strategies that would then
lead to more demandable and competitive product. They will be keener on
the overall operation process of the product and the proponents will be
considerate on the products price and the proponents are constantly open
for expansion to provide accommodation on the growing demand for these
new items.
2. Technical Feasibility
Midas Handicraft Company is a Light Fixtures Industry that does
not require expensive equipment and technology. Using of hands are the
most essential equipment that will be needed in making their product.
2. Financial Feasibility
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CHAPTER II
MARKET STUDY
Midas Handicraft Company where you can find the very creative and
attractive hand making designed products that made only from a yarn. You can
make your own design and choose a good one. It can also help you to relax just
by looking/seeing at it in a place where it can be found.
Product Description
Midas Handicraft Companys product is the Beezle Light fixtures. Beezle,
which is a combination of the word bee hive and dazzle, bee hive because the
light fixtures look like a bee hive. Dazzle because it greatly impresses and
attracts the eyes of one another.
Place
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Income
Product
Php 50,000.00 / Beezle (light fixtures) and
month and up Personalized Beezle
Php 100,000.00 / Beezle (light fixtures)
Alcon Industry
month and up
Price
The pricing scheme is based on the products that you wanted.
COMPARISON OF PRICES
Products
Market Price
Php 270.00
Pricing scheme above that surely satisfied your needs from Midas
Handicraft Corporation offer you the most affordable and cool prices that is
competitive to what other Market has.
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Promotion/Marketing Program
In generating competitive responsiveness to the identified market, the
proponents decided to use the following:
1.
2.
3.
4.
Posters
Flyers
Tarpaulins
Using Social Networking Sites such as Facebook, Twitter and
Instagram
CHAPTER III
TECHNICAL FEASIBILITY
A. PRODUCTS/SERVICES
Midas Handicraft Company is a supplierwho provides to its clientele to
satisfy their order such as personalized beezle product and beezlelight fixtures
as its main product that is being offered.
1. Beezle Light Fixture - using balloons, glue andyarn, you can also make
these lanterns for your wedding and then bring it home and use it as
your very own mid-century.
2. Personalized Beezle - designed by yours that you want to, of course
using only the glue and yarn that will satisfy your needs.
All these products are available only in Midas Handicraft Company as well
as our services that we have, we already have the respective buyer/customers
with regards to its terms and availability..
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B. MANUFACTURING PROCESS
Manufacturing process is the production of goods and which rawmaterials
are transformed into a final product and transforms ideas into products that are
then distributed to the market for sale. In a free market economy, manufacturing
is usually directed toward the mass production of products for sale to consumers
at a profit.
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F. BUSINESS LAYOUT
6m
17
5m
I .UTILITIES
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As mentioned, the monthly rental cost of the building is Php 6,000.00. Midas
Handicraft Company supposed that Php 2,000.00 is the monthly bill of the water
and Php400. 00 for the electricity.
Electricity
Php 2,000.00
Rental Payment
Php6,000.00
Water
Php 400.00
Total
Php 8,400.00
J .WASTE DISPOSAL
Midas Handicraft Company is concern about the cleanliness of our
surroundings. Midas provides three different labeled trash bins: recyclable,
biodegradable and non-biodegradable inside the production area to ensure the
health of the workers and to control waste disposal.
K. PRODUCTION COST
Electricity
Water
Rental Payment
OVERHEAD COST
Php 2,000/26 days/30 light
2.564
fixtures
400/26 days/ 30 light fixtures
6,000/26 days/30 light fixtures
0.513
7.692
For Production:
DIRECT
MATERIALS
Yarn
UNIT COST
QUANTITY
Php 0.125/yard
19
50 yards
COST PER
PRODUCT
6.25
Glue
Lamp
3.52/oz
90/ pcs.
Socket
4 oz
1 pc.
14.08
90.00
Extension
DEPRECIATION UNIT
QUANTITY
EXPENSE
COST
Scissor
Php 20.00
Inflatable Ball
40.00
Production Table
1,000.00
Tape Measure
20.00
Monoblock Chair
200.00
Ceiling Fan
400.00
USEFUL
COST PER
LIFE
5
10
1
5
5
2
2
1
3
2
3
3
PRODUCT
0.006
0.044
0.037
0.006
0.037
0.030
UNIT
EXPENSE
Ceiling Fan
COST
Php
Office Table
Monoblock Chair
Computer Set
400.00
2,300.00
200.00
15,000.0
QUANTIT
USEFUL
LIFE
0
Total Cost per Beezle Light Fixtures:
Mark Up (80%)
COST PER
PRODUCT
0.015
1
4
1
3
3
5
0.085
0.030
0.332
121.721
97.376
219.097
Or 220.00
L. LABOR REQUIREMENTS
A labor requirement refers to the guidelines of people who worked in the
business. Human resources are needed no less important than financial
resources in achieving the main objective of planned development.
As of now, since the business will just start its operation, the proponents
decided not to hire any employees and make the product by themselves.
They will only hire if the business expands and if there are many orders that
they cannot handle by themselves. If labors are needed, educational
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Organizational Chart
Jolina De Vera
Operation Manager
Meriam
Zurbano
Verissa
Shexen Romo
Craft Maker/
Quality
Controller
Craft Maker/
Sales
Manager
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Ivy Marie
Aguanta
Marlyn
Cananea
Craft Maker/
Sales
Manager
Craft Maker/
Accounting
Manager