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Project Summary

In this chapter, the group presents the highlights, descriptive definition, long- range
objectives, feasibility criteria, history and basic conclusions of studying the business viability of
“Biba Lavendera” laundry shop.

A. Name of the Enterprise

Biba Lavandera Laundry Shop
A business name is one of the most essential things to be prepared in starting a business.
Biba Lavandera as the primary name of the business, originated from the noun word “bibo” that
means smart or bubbly. It is used to refer a person that is active and has energy. “lavandera”
came upon the suggestion of Professor Patriarca as it appeals more to the target audience. Biba
Lavendera somehow gives an extraordinary attention
The name “Biba Lavandera” is unique, simple and easy to remember. People will easily
visualize what the business is about and it will aid to their memory. It includes the information
that the business does and can easily be understood by various target market.
The business logo shows a bubbly girl to represent Biba, a sun to denote a bright day for
doing laundry with the name of the enterprise. The colors used are on the light shades to be more
attractive and leave a clean and fresh image.
B. Location
The location of the business is at Blk 79 lot 3 Ginseng Road, Robinsons Homes East Bgy.
San Jose, Antipolo City. Biba Lavandera is inside the Robinsons Homes. Basically, the business
is intended for the residents of the community because not all the residents have house helpers to
do the laundry. Many residents are working and they are too busy to do the laundry so this kind
of business is good enough for the people inside the community. The lot measures 24 sq2 and the
laundry shop is expected to occupy 16 sq2. Originally, the location was occupied by a salon. The
rates of renting the place range from 3,000php to 4,500php a month since it is located on the
main road; hence it projects a higher rate. The cost of renting the place is good enough for the
productivity of the business because it is easily seen by the target audience.
The main location is near the Robinsons clubhouse, the chapel and the main gate so it is
accessible for all the residents of the subdivision. An efficient site for “Biba Lavandera” is seen
in the community because the need for an instant way to clean the resident’s clothes is high. The
village is in the city so raw materials and other utilities will be available for the business owners.
This is the map of the whole Robinsons Homes East which has approximately 3, 400-4,000
occupied houses (from wikimapia).
This is the exact location of the business inside the Robinsons Homes.
Strengths of the location:
 The size and layout of the subdivision lends itself to easy manageability of its resources.
 There is a stable electric power, water supply and telecommunication services.
 The subdivision is developing more houses and expanding its area.
 The location is less prone to natural disasters because of its well- developed structure.

C. Description of the Project

Primarily, the project is intended for the residents of Robinsons Homes and not in line
with any other government advocacies. However, this may support a clean living which is aimed
by the Department of Health but this project is basically to help the residents lessen their
workload and ensure that their clothes are clean. It does not support any political aspects of the
government or other organizations in the community.
Biba Lavandera significantly acts as a helper for the people who does not have enough
time to do the laundry. It will be managed by a partnership who is a resident of the community.
Through that, the target market is rest assured that the owners of the business adhere to what they
need to get full satisfaction. It is a very good idea to put up a laundry shop in the subdivision
because it also gives the mothers or the ones responsible for doing the laundry, an extra time to
bond with other family members or do other productive things. Instead of doing the laundry that
is tiring, people could just deposit their clothes in the shop and wait for it to get done. More time
and effort will be saved by the residents and perhaps, it could be spent on other household
chores, doing paper works and other.
This project will be managed by the people who know the feeling of being unsatisfied
with what results they get from doing the laundry at home. The owners thought of more
advantages and benefits that their co- residents will get from having their dirty clothes and stuffs
done in an easy manner. The use of technology today should be able to respond to the needs and
wants of the customers. In that case, a laundry shop is the answer to the need for clean clothes in
less time, less cost and less effort.
D. Long- range Objectives
 To be able to expand the business in other areas of the community in its three operating
 To gain 50% of loyal customers in a year.
 To dominate the market in the community and define the edge of Biba Lavandera laundry
shop from its competitor inside the subdivision in six months time.
 To establish a good brand to customers and gain brand loyalty in its first three months of
operation by prevailing a socially responsible enterprise.
 To increase profits in half a year’s time.

E. Feasibility Criteria
As a socially responsible business, it adheres to the responsibility of having a good
impact on the environment. Profitability is not just the major aim of the project but also to be a
socially responsible business by promoting a healthy environment in a simple way of wearing
clean clothes. According to Renteria (2007), a laundry industry is a recession- proof industry
because everyone has dirty clothes. A laundry business has been a sleeper and has also stayed
well below the radar, but profitability is very visible in this kind of business.
Judging the viability of the project, it is important to consider aspects like how it is able
to operate in the market, how it differs from other laundry shops inside the subdivision and how
long it stays in spite of the competition. Its profitability can not be judged on the first months of
its operation though, because this kind of industry gives higher cash returns if it attracts
customers in a long- run basis.

F. Highlights of the Project

i. History
Today, innovation has emerged worldwide and the use of technology is applied
everywhere, even on household chores. The use of washing machine has been accepted as an
important appliance at home for an averaged-income family. It serves as an effective and
attractive way of saving time and effort for washing dirty clothes. Before, people hire a person to
do the laundries for some reasons. However, people come into realization about the essence of
how technology could lessen the workload. Although, some people still hire a person to do their
laundries especially for delicate fabrics, washing machines are always adamant as a helpful tool.
The project came about the thought of a business partnership between the group
members. Thinking of what business to put up that suit inside the Robinsons Homes is really the
main thing. Indeed, a washing machine almost does it all, it still consumes a lot of time for the
washer plus it is tiring. One of the members lives in the subdivision and observed that many
people hire a person to do the laundries. It is a sort of expensive because the lady comes into
their home and does the laundry using their water, detergent soaps, and sometimes the washing
machine; hence it consumes electricity.
Laundry shops are seen to be a need for the residents of the community. This kind of
business does not require much effort for the customers and the business owners as well. For the
customers, it is as easy as leaving their dirty clothes in the shop and return after it is done. For
the business owners, hiring few employees that would manage the business is just the only task
to do. Employees will be needed for operating the laundry machines. Thus, the group thought of
this kind of business for practicability and demand from the target audience. It will be a good
help for meeting the customer’s expectations through satisfying their needs and wants.

ii. Project Timetable Status

The project is expected to be in operation for ten years and be able to be promoted to a
different stage at a later time such as extending a detergent store near the laundry shop. The
business will still be operational after the expected year; however the focus of the business will
be more on the expansion of the industry.
Presently, the business is in the stage of introducing a new brand in the market. A
laundry shop is not new in the market though so product innovation and sales management are
important in order for the business to grow. The launching of the business has to be unique and
catchy to attract prospects in the future and develop a loyalty for the brand.

iii. Nature of the Industry

Laundry industry is a strong and energetic business. Also, what makes it more appealing
to the market is the fact that this steadfast service industry continues to grow and succeed. The
demographic trends toward an even greater dwelling segment of the population forecast
continued success.
The biggest threat for the business is the competition. Considering that the business site is
inside a subdivision, it is possible that other businessmen would think of putting up the same
business and hence, the market will be more segmented and it yields a smaller target market for
the laundry shop. However in the long- run, the business will not just dominate the whole
subdivision but will also extend to other places like the nearby subdivisions near the Antipolo
church and probably other areas like Taytay, Cainta or Pasig.
Laundry shops are easily managed through the use of new technology. It lessens the time
and effort that are spent in getting the clothes cleaned. The normal time spent in getting dirty
clothes cleaned is like two hours depending on the number of clothes to be washed and its sizes.
However, the laundry industry belongs to the service industry where the product is primarily the
service given to the customers. Take note of the service, it comprises of the use of detergent
soaps to be used for the clothes, the water consumption, space to be saved by the customers in
hanging their clothes to dry and the electricity that can be saved for ironing them. Generally, this
kind of industry is really seen on the go for the target audience because of convenience and

iv. Mode of Financing and Investment costs

The mode of financing will be from the partnership of Alburo sisters. It will come from
the savings of both and this business will be their primary investment. A laundry shop is a not
big business that needs an extravagant capital so there is no need to borrow from the bank or a
lending company. The partners chose to finance the business because it will lessen the cost of
The estimated cost of the total business is ????????????. Funds will be allocated as
follows (php):
Store rental
Total price of the equipments (approx)
Store renovation

(a detailed analysis of costs will be further discussed on the following chapters)

v. Investment costs
G. Major Assumptions and Summary of Findings
i. Market Feasibility
ii. Technical Feasibility
iii. Financial Feasibility
iv. Socio- economic Feasibility
v. Management Feasibility
H. Conclusion of the Study
Market Study
This chapter covers the most important part of the project that intends to define the size,
nature and growth of the demand for the product, description and price of the product, supply
situation, nature of competition, different marketing factors affecting the market of the product
and the marketing program needed.

A. Product/ Service Description

Biba Lavandera offers services that are comprised of wash, dry, fold (WDF), pressing
and hand wash. It is an operator- based laundry shop that requires two employees as a
receptionist and a washer. For the laundry process, WDF is service package for the customers. It
is comprised of machine washing, drying and folding for the customers. This will be done
through the washing machines operated by the employee. Detergents will be properly measured
to avoid damaging the clothes most especially those with the delicate fabrics.
Other services offered include the ironing or pressing of clothes and hand washing. Biba
Lavandera provides a separate service for pressing that lessens the workload of the customers to
remove the wrinkles on their clothes. It saves power consumption for the customers, plus the
hassle of spending too much effort and time getting the clothes done. Hand washing as the
traditional way of getting the dirty clothes cleaned is also available. However, this may require a
longer time before the customer could claim the cleaned clothes because it has to be done
Majority of the potential customers falls under the category of housewives, women, ages
20 above, living independently, those who are working and have no time to do the laundry. For
the location of the business, major users are primarily individuals who belong to the mentioned
demographics. Residents are mostly housewives that have no time for doing the laundry. Some
users could be men, whose wives are working abroad (more often than not), and students living
on their own.
The business could be found in the Robinsons Homes East near the recreational center or
the clubhouse. It is accessible to all the residents because it is adjacent to all the main streets.
Demand for the service is highly visible on the location because the area is still developing.
B. Demand- Supply Analysis
C. 4 P’s Study
Promotional tool
Advertising the business on its introductory stage requires an effort of attracting
customers that are not into the use of laundry services. Print advertising such as leaflets and
flyers can be used for the opening of the business with freebies on the first day. Leaflets and
flyers are a good way of communicating to the target audience because it presents the
information about the business and what services it offers. The use of this tool does not need a
large budget and yet the response rate can be relatively high.

Price Study

D. Factors Affecting the Market

E. Survey Results
F. Analysis of Data Gathered
G. Conclusions and Recommendations
Technical Feasibility
In this chapter, the group presents the products, manufacturing process, plant size and
production schedule, machinery and equipment, plant location and layout, building facilities and
the raw material and supplies for the operation of “Biba Lavendera” laundry shop.
A. Services
Biba Lavandera will be providing customers with the following laundry services: Wash,
Dry, Fold (WDF), Pressing, Hand Wash, and Dry Cleaning services.
Wash, Dry,Fold or WDF is the most common sought service from a laundry shop. This
service provides basic machine washing and drying; and folding for customers’ clothes,
comforters, towels, curtains and seat covers with or without foam. This process is done with the
aid of washing machines and dryers. Washing machines perform several rinses after the main
wash to remove most of the detergent. Then, the clothing would be placed on a clothes dryer or
tumble dryer that is used to remove moisture from a load of clothing and other textiles. Then, the
clothes or garments would be manually folded and bagged for pick up for the customers.
Pressing or Ironing or smoothing is the work of using a heated tool, or tools, such as an
iron to remove wrinkles from fabric. Ironing works by loosening the bonds between the long-
chain polymer molecules in the fibers of the material. While the molecules are hot, the fibers are
straightened by the weight of the iron, and they hold their new shape as they cool. Some fabrics,
such as cotton, require the addition of water to loosen the intermolecular bonds. Aside from this,
ironing may also be used as a germ/parasite killing hygienic operation. Most ironing is done on
an ironing board, a small, portable, foldable table with a heat resistant top. Some commercial-
grade ironing boards incorporate a heating element and a pedal-operated vacuum to pull air
through the board and dry the garment. But technology has paved its way in improving the
traditional iron to steam irons which allow pressing without an ironing board.
Hand Washing is the traditional manual cleaning of clothes. Some delicate clothing
pieces require gentle cleansing, thus the need for hand washing service. The laundry worker
would wash the specified clothing one by one by hand and bar soap and the clothing would also
be air-dried before it could be folded.
Dry Cleaning is a cleaning process for clothing and textiles using an organic solvent
rather than water. The solvent used is typically tetrachloroethylene (perchloroethylene),
abbreviated "perc" in the industry and "dry-cleaning fluid" by the public. Dry cleaning is
necessary for cleaning items which would otherwise be damaged by water and soap or detergent.
The cleaning process of dry cleaning is more time consuming compared to the usual wash, dry,
fold process, but there are clothing that requires such service like gowns and barongs, coats,
suits, dresses, jackets, caps and neckties. The international GINETEX laundry symbol for dry
cleaning is a circle. It may have a letter P inside to indicate perchloroethylene solvent or a letter
F inside to indicate a hydrocarbon solvent. A bar underneath the circle indicates that only mild
cleaning processes should be used. A crossed out empty circle indicates that no dry cleaning is

Washing Symbols

Symbol Description

Wash in commercial machine in water not exceeding 95°C, at normal setting.

Wash in commercial machine in water not exceeding 95°C, at permanent press
Wash in domestic or commercial machine in water not exceeding 70°C, at normal
Wash in domestic or commercial machine in water not exceeding 60°C, at normal
Wash in domestic or commercial machine in water not exceeding 60°C, at
permanent press setting.
Wash in domestic or commercial machine in water not exceeding 50°C, at normal
Wash in domestic or commercial machine in water not exceeding 50°C, at
permanent press setting.
Wash in domestic or commercial machine in water not exceeding 50°C, at
delicate/gentle setting.
Wash in domestic or commercial machine in water not exceeding 40°C, at normal
Wash in domestic or commercial machine in water not exceeding 40°C, at
permanent press setting.
Wash in domestic or commercial machine in water not exceeding 40°C, at
delicate/gentle setting.
Wash in domestic or commercial machine in water not exceeding 40°C, at normal
Wash in domestic or commercial machine in water not exceeding 30°C, at
permanent press setting.
Wash in domestic or commercial machine in water not exceeding 30°C, at
delicate/gentle setting.
Wash gently by hand in water not exceeding 40°C.

Wash gently by hand in water not exceeding 30°C.

Wash in domestic or commercial machine at any temperature, at normal setting.

Do not wash.

Bleaching Symbols

Symbol Description

Use any bleach when needed.

Use only non-chlorine bleach when needed.

Do not bleach.

Drying Symbols

Symbol Description
Tumble dry at high heat (not exceeding 75°C) at normal setting.
Tumble dry at medium heat (not exceeding 65°C) at normal setting.
Tumble dry at medium heat (not exceeding 65°C) at permanent press setting.
Tumble dry at low heat (not exceeding 55°C) at permanent press setting.
Tumble dry at a low heat (not exceeding 55°C) at delicate cycle.
Tumble dry any heat.
Tumble dry no heat/air dry.
Do not tumble dry.
After extraction of excess water, line dry/hang to dry.

Hang up the soaking wet article to "drip" dry.

After extraction of excess water, dry the article on a suitable flat surface.
Dry in the shade (symbol added to line dry, drip dry, or dry flat).
Do not dry. To be used with "Do not wash" symbol .

Ironing/Pressing Symbols
Symbol Description
Iron with or without steam by hand, or press on commercial equipment, at a high
temperature (not exceeding 200°C). Recommended temperature for cotton and
linen textiles.
Iron with or without steam by hand, or press on commercial equipment, at a
medium temperature (not exceeding 150°C). Recommended temperature for
polyester, rayon, silk, triacetate and wool textiles.
Iron with or without steam by hand, or press on commercial equipment, at a low
temperature (not exceeding 110°C). Recommended temperature for acetate,
acrylic, modacrylic, nylon, polypropylene and spandex textiles.
Do not steam.
Do not iron or press.

Professional Textile Care Symbols

Symbol Description
Dry-clean, normal cycle. Any solvent except
Dry-clean, normal cycle. Petroleum solvent only.
Do not dry-clean.

Use of Dots For Defining Temperature of Water for Washing Symbol

Symbol Definition Description
95°C Near boil
70°C Extremely hot
60°C Very hot
50°C Hot
40°C Warm
30°C Cool

Supplementary Care Symbol

Symbol Description
Do not wring
Do not wet-clean.

B. Manufacturing Process

There are different processes involved in a laundry business depending on the specified
service ordered by the customer and the service required with the type of garment or fabric. We
also have the International Washing Symbols to refer to in washing the clothes to assure the
customers that their clothing are handled in the best way by a customer-satisfaction oriented

Wash Dry Fold Service Per 10 Kilo Wash Load

For Thin Garments including For Thick Garments such as

Bed Sheets, Curtains, Towels and Blankets and Comforters.
Seat Covers with or without Foam.
Presssing Service
Hand Washing Process


C. Plant Size and Production Schedule
D. Machinery and Equipment


2 Whilpool Topload Washers Model : 4PWTW5905 P 37,498.00

• 27”Super Capacity Plus
• 10.5 Kg. Dry Linen Capacity
• Fully Automatic Washer with
Silver Panel
• Exta Roll Action Agitator
• MagiClean Lint Filter
• Polypropylene Outer Tub
• Direct Drive System
• Extra Rinse Option
• Self Balancing Basket and Tub
• Rat-Proof Base
• Tripod Suspension System

SPIN SPEED 650 rpm
WATER USAGE per WASH 87 Liters
CONTROL TYPE Push Button / Knob
COLOR Biscuit/White
NET DIMENSIONS (h:w:d) in inches 42.5 X 27 X 26.5

2 Whirlpool Dryers Model : 4PWED5905 P 33, 498.00


• 10.5 KG. Fully Automatic Electric
Dryer with Silver Panel
• Automatic Dry
• Gentle Heat System
• Removable Lint Filter
• End-of-Cycle Signal
• Wrinkle ShieldTM Option
• Quiet Dry Noise Reduction
• SpillGuardTM Top

CONTROL TYPE Push Button and Knob
MATERIAL AND FINISH Enamel, Powder Coated
COLOR Biscuit / White
NET DIMENSIONS (h:w:d) in inches 42.5 X 29 X 28

1 Dry Cleaner P

1 Philipps Steam Flat Iron Model: GC 4400 Series P 5,648.00

• 2400W for quick heat up and powerful steam
• Ionic DeepSteam to remove the toughest creases
• StemGlide soleplate with Steam tip for hard-to-reach areas
• Continuous steam up to 40 g/min with up to 100 g / min of steam boost
• Vertical Steam for crease removal in hanging fabrics
• Electronic safety shut-off when iron is left unattended
• Drip-Stop system keeps your garments spotless while ironing
• Double Active Calc System prevents scale build-up
• 335 mL water tank
• The ionization process creates smaller steam particles that reach deepe into fabric.
This means even the toughest creases are removed easily.
E. Plant Location
F. Plant Layout
G. Building and Facilities

H. Raw Materials and Supplies

1 Ironing Board P 730.00

1 Weighing Scale P 2,799.75
4 Power Regulators P 349.75 / each
2 Rod for the Clothes Rack P 350.00 / each *furniture and fixtures*
1 Pair of Gloves P 49.75 / each
1 Water Hose (50 ft.) P 730.00 / each
1 Water Tank P 9,999.75
2 Small Laundry Baskets P 100.00 / each
6 Large Laundry Baskets P 250.00 / each
Hangers (Plastics) P 79.75 /6 pcs.
Calculator P 200.00
Order Slips P 33.75 / 50 sheets
Delivery Slips P 52.00 / 50 sheets
Ballpens P 100.00
Mask P 30.00 / each
1 File Organizer Rack P 400.00
1 Record Book P 75.50

Plastics for Clothes Bagging

For Barongs:
24x40 P 284.00 / 100 pcs.
24x 24
24x60 P 426.50 / 100 pcs.

Detergent Soap P 70.00 / Kilo

Bleach P
Bar Soap P
Fabric Softener P 72.00 / Liter
Dry Cleaning Agent

I. Utilities

Electricity P
Water P
Telephone P 1,500.00

J. Waste Disposal
K. Production Cost
i. Direct Materials
Detergent Soap
Bar Soap
Fabric Softener
Dry Cleaning Agent
ii. Direct Labor
2 Employess -Minimum Rate
iii. Manufacturing Overhead
Labor Requirements
The labor requirement for this type of business requires two employees. One to stand
over the counter and accept clothes for service and another to facilitate the cleaning of clothes
inside the laundry room. Both employees would be hired in minimum wage.
L. Plant Organization
M. Appendixes
i. Plant Layout / Equipment
ii. Equipment flow sheet
iii. Equipment Listing and Cost
iv. Utilities Calculation
v. Plant Facilities Breakdown Cost
vi. Projected Cost of Production
Socio- Economic Study
A. Socio- Economic Benefits
i. Employment and Income
ii. Taxes
iii. Supply of commodities
iv. Demand for materials
Organization and Management Study
A. Formulation of Goals and Objectives
The business Biba Lavandera has established goals or objectives that are expected to be
attained within affirmed future dates. The Laundry shop is likely to expand the business in other
areas of the community to be able to reach those areas which are somewhat far from the Biba
Lavandera, likewise spread-out its efficient and quality service for other target market.
The shop also targets to gain 50% of loyal customers that could be a home or non home
owners in the subdivision. That is to have an increase on the clients of the laundry shop due to
the shop’s excellent service. This will also clear the ways on Biba Lavandera’s rule on market
and uplift the shop against its competitors within the subdivision that will label and identify Biba
Lavandera amongst others.
Another strong feature of the shop is its friendly, approachable and fun nature of its
personnel and the shop itself and Biba Lavandera’s sense of social responsibility that will
ascertain a good brand to customers and will gain their loyalty upon the first three months of

 To increase profits in half a year’s time.

B. Basic Considerations
C. Forms of Ownership
The Biba Lavandera is a partnership between the sisters Jenlyn and Jenibe Alburo
that contributed money and effort to finance the shop whereas the assets of the business are
owned on behalf of the other partners, and they are each personally liable, jointly, for business
debts, taxes and liability.


________Biba Lavandera__________________


That we, Jenlyn Alburo, single, and Jenibe Alburo, married ,all Filipinos, of legal ages,
and residents of Quezon City and Antipolo, Rizal, Philippines, have on this day, covenanted to
establish a partnership, in accordance with the laws of the Republic of the Philippines;


1. That the names and addresses of the respective partners are as follows:

Name Address

Jenlyn Alburo 243 Nagkaisa St. Batasan Hills, Quezon City

Jenibe Alburo Blk. Lot Robinson Homes East, Antipolo, Rizal

2. That the name of this partnership shall be Biba Lavandera and it shall exist for
_____________ (_____) years from the execution of this instrument, unless the partners
mutually agree in writing to a shorter period. Should the partnership be terminated by
unanimous vote, the assets and cash of the partnership shall be used to pay all creditors,
with the remaining amounts to be distributed to the partners according to their
proportionate share.

3. That the capital of this partnership shall be _____________ (P_________), Philippine

Currency, broken down, in contributions, as follows:

Name of Partner Contribution

_____________ P_____________

_____________ P_____________

_____________ P_____________

The partnership shall maintain a capital account record for each partner; should any
partner's capital account fall below the agreed to amount, then that partner shall (1) have
his share of partnership profits then due and payable applied instead to his capital
account; and (2) pay any deficiency to the partnership if his share of partnership profits is
not yet due and payable or, if it is, his share is insufficient to cancel the deficiency.

4. That the purpose(s) for which this partnership is established (is/are) as follows:
5. The partners shall provide their full-time services and best efforts on behalf of the
partnership. No partner shall receive a salary for services rendered to the partnership.
Each partner shall have equal rights to manage and control the partnership and its
business. Should there be differences between the partners concerning ordinary business
matters, a decision shall be made by unanimous vote. It is understood that the partners
may elect one of the partners to conduct the day-to-day business of the partnership;
however, no partner shall be able to bind the partnership by act or contract to any liability
exceeding Pesos: __________________________ (P_____________), Philippine
Currency, without the prior written consent of each partner.

6. That the profits and losses shall be divided among the partners pro rata, in proportion to
their respective contributions.

7. In the event a partner withdraws or retires from the partnership for any reason, including
death, the remaining partners may continue to operate the partnership using the same
name. A withdrawing partner shall be obligated to give _____________ (______) days'
prior written notice of (his/her) intention to withdraw or retire and shall be obligated to
sell (his/her) interest in the partnership.

8. No partner shall transfer interest in the partnership to any other party without the written
consent of the remaining partner(s). The remaining partner(s) shall pay the withdrawing
or retiring partner, or to the legal representative of the deceased or disabled partner, the
value of his interest in the partnership, or (a) the sum of his capital account, (b) any
unpaid loans due him, (c) his proportionate share of accrued net profits remaining
undistributed in his capital account, and (d) his interest in any prior agreed appreciation
in the value of the partnership property over its book value. No value for good will shall
be included in determining the value of the partner's interest.
9. A partner who retires or withdraws from the partnership shall not directly or indirectly
engage in a business which is or which would be competitive with the existing or then
anticipated business of the partnership for a period of _____________ (____) years
within the City/Province of _____________ where the partnership is currently doing or
planning to do business.

IN WITNESS WHEREOF, we have hereunto set our hands this _____________ at

_____________, Philippines




D. Organizational Chart
E. Officers and Key Personnel
F. Project Schedule
Environmental Impact Analysis