Académique Documents
Professionnel Documents
Culture Documents
MaSACCA INC.
Accounting
By
Barrantes, Antonia H.
Geda, Chester E.
December 2018
APPROVAL SHEET
Board of Panelists
___________________________ ___________________________
Azelle Charese Tayson, MBA Rexieden Barrera, MBA
________________________________
Mr. Reynaldo San Mateo, CPA, MBA
Accepted and approved in partial fulfillment of the requirements for the degree of
Bachelor of Science in Business Administration Major in Management Accounting.
________________________________
Mr. Reynaldo San Mateo
Dean, College of Business Administration
________________________________
Mr. Ramon C. Maniago, PhD
Executive Dean
ACKNOWLEDGEMENT
The Proponents are indebted to so people who have suggested and shared their
The feasibility study has been made possible by the guidance, supervision,
To the Almighty God who always look up and secure the safety of the proponents
To their parents for the financial assistance and who always guide and give words
of wisdom to inspire them in doing our best in preparing the feasibility study.
To their beloved Professors Luis Llarena, Arzell Aterrado, Mrs. Melita Soriano,
Mrs. Aicelle Marie Tayson, Rexieden Barrera, and our college Dean Mr. Reynaldo San
Mateo who have shared their knowledge with patience and diligence in helping them
meet the necessary works for the completion of our feasibility study.
Sincerest gratitude is extended also to their respondents, the Laguna, Cavite and
Batangas residents, and most especially to Ms. Lovely Gaza for the time they spent in the
Together, they sincerely acknowledged and give thanks to the persons mentioned
above who have bought the success of doing this feasibility study.
CERTIFICATE OF ORIGINALITY
MaSACCA INC.
is our own work and to the best of our knowledge, it contains no materials
previously published or written by another person, nor material which to a substantial
extent has been accepted for the award of any degree or diploma of a university or any
other education institution, except where due acknowledgement is made in the study.
We also declare that the intellectual content of this study is the product of our
own work, except to the extent that assistance from others in the project’s design and
conception or in style, presentation and linguistic is acknowledged.
Approved by:
MaSACCA Inc.
Submitted by:
Proponent’s Signature Over Printed Name Proponent’s Signature Over Printed Name
Proponent’s Signature Over Printed Name Proponent’s Signature Over Printed Name
Proponent’s Signature Over Printed Name Proponent’s Signature Over Printed Name
Accounting under the College of Business Administration has been read and found it
through and acceptance with respect to grammar and composition by the undersigned
English critic.
Date signed:
EXECUTIVE SUMMARY
Our Mission
in the agriculture industry as well as meeting the demands of the clients, while providing
production.
Cavite. The management is headed by a general manager who has a strong sense of
leadership, possesses essential skills and ability to work and communicate effectively.
Officers who participate in directing and coordinating all divisional department activities
to develop and implement long-range goals and objectives to meet business profitability
growth objectives.
Our Product
manure, grass clippings, and food wastes. The product provide the nutrients to the soil
and contains a variety for basic nutrients that plants require for healthy growth. The
product is effective at increasing the nutrient of the soil, helping to control erosion, run-
off and help increase he intake of naturally occurring materials in the soil.
While there are a number of competitors in the market, the Monsanto and
Plantmate for example, MaSACA Incorporation offers unique product to lift up its
competitive skills. The government offers or distributes organic fertilizer in the form of
chicken manure for free, in short, they considered as one of our competitors. But the
interesting side is that MaSACCA’s organic fertilizer composed of three different raw
materials that slowly releases soil amendments and contains the NPK, vitamins and other
survey it has an acceptability rate of 81% in Cavite, 70% in Batangas and 89% in Laguna.
Financial Projections
Based on the size of the market and the defined market area,the sales projection
for the first year is 23,498,984.00. The projected average growth rate is -2.93%.
MaSACCA Inc. will require a total capital of 30,000,000.00 to fund the capital
TABLE OF CONTENTS
TITLE PAGE i
APPROVAL SHEET ii
ACKNOWLEDGEMENT iii
CERTIFICATE OF ORIGINALITY iv
EXECUTIVE SUMMARY vi
ARTICLES OF INCORPORATION 12
BY-LAWS 19
2.4.8.1 Benefits
2.4.13 Performance
2.4.15 Termination/Resignation
2.5.1 Attendance
2.5.2 Uniform
3.1.3 Geography
3.2.2 Label
4.6.1 Price
4.6.2 Product
4.6.3 Placement
4.6.4 Promotion
5.2.2 Community
5.2.4 Supplier
5.3.1 Strength
5.3.2 Weaknesses
5.3.3 Opportunities
5.3.4 Threats
Appendices
ASPECT
Chapter 1
by the corresponding government agencies. It allows the business to avoid legal issues
responsible for securities laws and regulating the securities industry in the Philippines.
The commission has the jurisdiction and supervision over all corporations, partnerships
or association who are grantees of primary franchises and or a license or permit by the
Government.
Procedures:
o Articles of Incorporation
o By Laws
documents.
Once the corporation is registered with SEC the next step is to get the barangay
application form.
Land Title.
Once the business have a Barangay Clearance Certificate , the next step is to acquire
Title.
Bring the application form for business permit, Laboratory and X-ray result
Registering with the BIR will give an authorization to print official receipts,
register books of accounts and obtain a separate Tax Identification Number for
corporation. BIR registration fee is 500 pesos annually. The BIR certificate of registration
shows your trade name, Tax Identification Number (TIN), line of business, and taxes that
you must file or remit to the BIR (e.g., annual registration fee, annual and quarterly
income tax, withholding taxes, monthly and quarterly Value Added Tax or monthly
o Barangay Clearance
Title.
Requirements:
officers
Requirements:
of registered employees.
as a requirement.
The following are the requirements and procedures on how to register a business
Attach layout plan of the place of work floor by floor, in scale of 1:100 meters
white or blue print showing all the physical features of the workplace including
Submit proof of Ownership or Right Over the Applied Area (any of the
following)
Adverse Claimant
- Location/Vicinity Map
The FDA is the government regulating body that has authority over food products
in the retail market, and all food products are required by law to have a certification from
the agency.
Proceed to the Public Assistance Information & Compliance Section, and inquire
about the requirements for FDA registration. Get an application form and prepare
Documents will be assessed to determine the amount to be paid for the whole
process. Applicant will be given a routing slip for the different stages of the FDA
At its Product Services Division, the FDA will evaluate the technical documents
FDA will proceed with the actual evaluation to be conducted by certified food
technologists.
The CPR, LOD and NOD are distributed at the Releasing Section of the FDA.
Section 27 of the National Internal Revenue Code of 1997, an income tax of 30%
is hereby imposed upon the taxable income derived during each taxable year from all
However, under the Tax Code, corporate taxpayers can avail themselves of the
Optional Standard Deduction (OSD). Under the OSD, the allowable deduction of the
taxpayer is simply presumed as a percentage not exceeding forty percent (40%) of gross
Under the Republic Act No. 8424, also known as the Tax Reform Act of 1997, a
minimum corporate income tax of two percent (2%) of the gross income is imposed to
every corporation taxable to the thirty percent regular corporate income tax including
non-profit, exempt, and special corporation with respect to their taxable income subject to
regulate corporate income tax, but not to their income subject to special tax rates. The
timing of imposition shall begin on the fourth taxable year immediately following the
prescribed on certain income payments and is creditable against the income tax due of the
payee for the taxable quarter/year in which the particular income was earned.
Judicial person liable to community tax, every corporation no matter how created
Value Added Tax (VAT) is a type of consumption tax that is placed on a product
whenever value is added at a stage of production and at final sale. The amount of vat that
the user pays is the cost of the product, less any of the cost of materials used in the
Real Property Tax (RPT) is a tax that owners of real property need to pay every
year so that the local government unit (LGU) will not auction off their property.
Section 236(B) Annual Registration Fee. — An annual registration fee in the amount of
Five Hundred pesos (Php 500) for every separate or distinct establishment or place of business,
including facility types where sales transactions occur, shall be paid upon registration and every
ARTICLES OF INCORPORATION
Of
MaSACCA INC.,
The undersigned incorporators, all of legal age and majority of whom are
residents of the Philippines, have this day voluntarily agreed to form a stock corporation
AND WE HEREBYCERTIFY:
MaSACCA INC.,
SECOND: That the primary purpose for which such corporation is incorporated:
fertilizer, promote organic farming by selling organic fertilizers, to help minimize the
expenses of the farmers by using the product stated and introduce the basic farming again
THIRD: That the principal office of the corporation is located in #12 Sitio Elang,
FOURTH: That the term for which said corporation is to exist is 50 years from
FIFTH: That the names, nationalities and residences of the incorporators are as
follows:
SIXTH: That the number of directors of the corporation shall be 5; and the names,
nationalities and residences of the first directors of the corporation are as follows:
into Eight Hundred Thousand (800,000) shares with the par value of Twenty Five Pesos
EIGHT: That at least twenty five (25%) percent of the authorized capital stock
NINTH: That the above-named subscribers have paid at least twenty-five (25%)
NAME OF
AMOUNT SUBSCRIBED TOTAL PAID-UP
SUBSCRIBERS
Agana, Angelika Saira M. ₱ 3,750,000.00 ₱ 3,750,000.00
Bagos, Cherry Vale V. 3,750,000.00 ₱ 3,750,000.00
Barrantes, Antonia H. 3,750,000.00 ₱ 3,750,000.00
Geda, Chester E. 3,750,000.00 ₱ 3,750,000.00
Labitag, Ma. Angelica Micah A. 2,500,000.00 ₱ 2,500,000.00
Oyardo, Ana Liza C. 2,500,000.00 ₱ 2,500,000.00
TOTAL ₱ 20,000,000.00 ₱ 20,000,000.00
TENTH: That Anna Liza C. Oyardo has been elected by the subscribers as
Treasurer of the Corporation to act as such until his successor is duly elected and
qualified in accordance with the by-laws, and that as such Treasurer, he has been
authorized to receive for and in the name and for the benefit of the corporation, all
ownership of Filipino Citizens to less than the required percentage of the capital stock as
books of the corporation and this restriction shall be indicated in all the stock certificates
TWELFTH: That the incorporators and directors undertake to change the name 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
ACKNOWLEDGEMENT
} S.S.
BEFORE ME, a Notary Public, in and for the City of Cavite, Philippines
Island, this 19 day of November 2018, personally appeared the following persons:
known to me and to me known to be the same persons who executed the foregoing
Articles of Incorporation constituting of four (4) pages, including this page where the
acknowledgement is written, and they acknowledged to me that the same is their free act
NOTARY PUBLIC
Series of _________
AMENDED BY-LAWS
OF
MaSACCA INC.
ARTICLE I.
pay the value of the stock in accordance with the terms and conditions prescribed by the
Board of Directors. Unpaid subscriptions shall not earn interest unless determined by the
Board of Directors.
for fully paid stock subscription in his name in the books of the corporation. The
certificates shall contain the matters required by law and the Articles of Incorporation.
They shall be in such form and design as may be determined by the Board of Directors
countersigned by the Secretary or Assistant Secretary, and sealed with the corporate seal.
pledged by delivery of the certificates duly indorsed by the stockholder, his attorney-in-
fact, or other legally authorized person. The transfer shall be valid and binding on the
corporation only upon record thereof in the books of the corporation. The Secretary shall
cancel the stock certificates and issue new certificates to the transferee.
All certificates surrendered for transfer shall be stamped 'Cancelled' on the face
thereof, together with the date of cancellation, and attached to the corresponding stub
destroyed, a new certificate may be issued in lieu thereof in accordance with the
ARTICLE II
MEETINGS OF STOCKHOLDERS
shall be held at the principal office after submission of audited Financial Statement on
purpose or purposes, may at any time be called by any of the following: (a) Board of
Directors, at its own instance, (b) at the written request of stockholders representing a
majority of the outstanding capital stock, or (b) the President of the corporation.
shall be held in the principal office of the corporation or at any place designated by the
Board of Directors in the city or municipality where the principal office of the
corporation is located at any place in Cavite and at such hour as specified in the notice.
stockholders may be sent by the Secretary by personal delivery or by mail at least two (2)
weeks prior to the date of the meeting to each stockholder of record at his last known
address. The notice shall state the place, date and hour of the meeting, and the purpose or
not be necessary to give any notice of the adjourned meeting if the time and place to
which the meeting is adjourned are announced at the meeting at which the adjournment is
taken. At the reconvened meeting, any business may be transacted that might have been
Secretary shall act as Secretary of every meeting but if not present, the chairman of the
vote in person or by proxy. Unless otherwise provided in the proxy it shall be valid only
for the meeting at which has been presented to the Secretary. All proxies must be in the
hands of the Secretary before the time set for the meeting. Proxies filed with the
presented and recorded with the Secretary, prior to a scheduled meeting or by their
Section 8.Closing of Transfer Books or Fixing of Record Date - For the purpose
of determining the stockholders entitled to notice of, or to vote at, any meeting of
Board of Directors may provide that the stock and transfer books be closed for ten (10)
ARTICLE III
BOARD OF DIRECTORS
Section 1.Powers of the Board- Unless otherwise provided by law, the corporate
powers of the corporation shall be exercised, all business conducted and all property of
the corporation controlled and held by the Board of Directors to be elected by and from
among the stockholders. Without prejudice to such powers as may be granted by law, the
(a) From time to time, to make and change rules and regulations not inconsistent with
these by laws for the management of the corporation's business and affairs;
(b) To purchase, receive, take or otherwise acquire for and in the name of the
corporation, any and all properties, rights or privileges, including securities and
bonds of other corporations, for such consideration and upon such terms and
(c) To invest the funds of the corporation on other corporations or for purposes other
than those for which the corporation was organized, subject to such stockholders'
(d) To incur indebtedness as the Board may deem necessary, to issue evidence of
compensation plans for the employees, including officers and directors of the
corporation;
(f) To prosecute, maintain, defend, compromise or abandon any lawsuit on which the
(g) To delegate, from time to time, any of the powers of the Board which may be
delegated the course of the current business of the corporation to any standing or
special committee or to any officer or agent and to appoint any person to be agent
of the corporation with such powers and upon such terms as may be deemed fit;
(h) To implement these by-laws and to act on any matter not covered by these by-
laws, provided such matter does not require the approval or consent of the
Directors shall be elected during each regular meeting of stockholders and shall hold
office for one (1) year and until their successors are elected and qualified. All the
directors must possess the qualifications and none of the disqualifications prescribed by
The Board of Directors shall be composed of seven (7) directors, two (2) of whom
shall be independent directors. For this purpose, an independent director shall mean a
person other than an officer or employee of the corporation, its parent or subsidiaries, or
any other individual having a relationship with the corporation, which would interfere
director.
Any stockholder having at least one hundred (100) common shares registered in
his name may be elected director, provided, however, that no person shall qualify or be
(a) If he is an officer, manager or controlling person of, or the owner (either of record
or beneficially) of ten percent (10%) or more of any outstanding class of shares of,
any corporation (other than one in which the corporation owns at least thirty percent
(30%) of the capital stock) engaged in a business which the Board, by at least three-
or,
(b) If he is an officer, manager or controlling person of, or the owner (either of record
or beneficially) of ten percent (10%) or more of any outstanding class of shares of,
any other corporation or entity engaged in any line of business of the corporation,
when in the judgment of the Board, by at least three• fourths vote, the laws · against
(c) If the Board, in the exercise of its judgment in good faith, determine by at least
three-fourths vote that he is the nominee of any person set forth in (a) or (b)
or the nominee of another, the Board may take into account such factors as business and
family relationship.
For the proper implementation of this foregoing provisions, all nominations for
the election of directors by the stockholders · shall be submitted in writing to the Board
A director shall be qualified to hold office only. upon pledging the one hundred (100)
common shares registered in his name to the corporation to answer for his conduct.
The Board by majority vote of the members may remote or replace a director for
regulations.
A director may, at any time, submit his written resignation which shall be
filled by the vote of at least a majority of the remaining directors, if still constituting a
quorum; otherwise, the vacancy must be· filled by the stockholders at a regular 0r at any
special meeting of stockholders called for the purpose. A director so elected to fill a
vacancy shall be elected only for the unexpired term of his predecessor in office and until
The vacancy resulting from the removal of a director by the stockholders in the
manner provided by law may be filled by election at the same meeting of stockholders
without
further notice, or at any regular or at any special meeting of stockholders called for the
Section 4.Meeting - The Board shall meetings quarterly. Special meetings may be
held as often as necessary on such dates and at such times and places as may be
determined by the Chairman, or the President, or upon written request of a majority of all
members of the Board. Meetings of the Board shall be held at the principal office of the
specifying the date, time and place of the meeting, shall be communicated by the
(provided, however that any such communication by electronic mail or by any other
method that does not produce a receipt of delivery must be confirmed by fax unless the
recipient director replies to confirm receipt) at least five (5) calendar day prior to the
meeting. A director may waive this requirement, but only expressly and in writing and
business unless a quorum is present at the start of and throughout the meeting. Except
where the law requires the presence of a greater number, the presence of four (4)
Except where the relevant law requires a greater number, a majority vote of the
to decide any matter that may come before any meeting of the Board.
presided over by the Chairman of the Board, or in his absence, by the President, or if
none of the foregoing is in office and present and acting, by any other director chosen by
the Board. The Secretary shall act as secretary of every meeting, if not present, the
Assistant Secretary shall act as secretary of the meeting. In the absence of both, the
such other rules and regulations as may be promulgated in respect thereof from time to
time by the SEC. In addition to the secretary of such meeting maintaining written
minutes, such meetings shall be properly recorded in tapes, disc and/or other recording
a reasonable per diem allowance for his attendance at each meeting of the Board. As
compensation, the Board shall receive and allocate an amount of not more than ten
percent (10%) if the net income before income tax of corporation during the be preceding
year. Such compensation shall be determined and apportioned among the directors in
such manner as the Board may deem proper, subject to the approval of stockholders
Section 10.Committees - The Board shall create and constitute Committees one or
composition, powers and duties as may be specified in the enabling resolutions of the
Board.
ARTICLE IV
OFFICERS
Directors shall formally organize by electing its Corporate Officers. The Corporate
Officers of the corporation shall include the President, the Chief Finance Officer,
Treasurer, Secretary, Assistant Secretary, and such other officers as may be appointed by
Any two (2) or more positions may be held concurrently by the same person,
except that no one shall act as President and Treasurer at the same time.
Section 2.President - The President shall be the Chief Executive Officer of the
(b) To initiate and develop corporate objectives and policies and formulate long
range projects, plans and programs for the approval of the Board of Directors,
(c) To supervise and manage the business affairs of the corporation upon the
(f) To oversee the preparation of the budgets and the statements of accounts of the
corporation;
(h) To execute on behalf of the corporation all contracts, agreements and other
instruments affecting the interests of the corporation which require the approval
(k) To pre form such other duties as are incident to his officer or are entrusted to
Section 3.The Chief Finance Officer – He/she shall have such other power and
duties, as may from time to time be assigned to him by the Board of Directors or by the
President.
Section 4.The Secretary - The Secretary must be a resident and a citizen of the
(a) To record the minutes and transactions of all meetings of the directors and the
stockholders and to maintain minute book of such meetings in the form and
(b) To keep record books showing the details required by law with respect to the
(c) To keep corporate seal and affix it to all papers and documentary requiring a
seal, and to attest by his signature all corporate documents requiring the same;
(d) To attend to the giving and serving of all notice of the corporation required by
(f) To act as inspector at the election of directors and, as such, to determine the
number of shares of stock outstanding and entitled to vote, the shares of stock
represented at the meeting, the existence of quorum, the validity and effect of
proxies, and to receive votes, ballots or consents, hear and determine questions
in connection with the right to vote, count and tabulate all votes, determine the
(g) To perform such other duties as are incident to his office or as may be assigned
Section 5.Treasurer - The Treasurer of the corporation shall have the following
duties:
(a) To keep full and accurate accounts of receipts and disbursements in the books of
the corporation;
(b) To have custody of, and be responsible for, all the funds, securities and bonds of
the corporation;
(c) To deposit in the name and to the credit of the corporation, in such banks as may
be designated from time to time by the Board of Directors, all the moneys,
corporation and such other financial reports as the Board of Directors, or the
(e) To prepare such financial reports, statements, certifications and other documents
which may, from time to time, be required by the government rules and
(f) To exercise such powers and perform such duties and functions as may be
Section 6.Terms of Office - The term of office of all officers shall be one (1) year
death, resignation, disqualification or for any other cause, the Board of Directors may, by
majority vote, elect a successor who shall hold office for the unexpired term.
Board of Directors may determine. A director shall not be precluded from serving the
compensation therefore.
ARTICLE V
OFFICES
Section 1.The principal office of the corporation shall be located at the place
stated in Article III of Incorporation. The corporation may have such other branch
offices, either within or outside the Philippines as the Board of Directors may designate.
ARTICLE VI
OFFICES
auditor of the corporation for the ensuring year shall be appointed. The external auditor
shall examine, verify and report on the earnings and expenses of the corporation.
Section 2.Fiscal Year - The Fiscal year of the corporation shall begin on the first
Section 3.Dividends - Dividends shall be declared and paid out of the unrestricted
earnings which shall be payable in cash, property, or stock to all stockholders on the basis
of outstanding stock held by them, as often and at such time as the Board of Directors
ARTICLE VII
CORPORATE SEAL
Section 1.Form and Inscriptions - The corporate seal shall be determined by the
Board of Directors.
ARTICLE VIII
AMENDMENTS
Section 1.The power to amend, modify, repeal or adopt new-by-laws has been
at least two-thirds of the outstanding capital stock of the corporation during its Special
Stockholders Meeting.
MANAGEMENT
ASPECT
CHAPTER II
Management Aspect
This chapter focuses on the discussion of the whole management. Also, in this
chapter is where the information of the business are in such as the business profile, the
statement of vision and mission of the corporation. The projected sales of the employees
and the five-year strategic plan of the business entity are also stated in this chapter.
fertilizer in Cavite, Philippines. The name MaSACCA was adapted from the initial letters
of the names of the six incorporators namely; Ma. Angelica, Saira, Antonia, Cherry,
Chester and Anna Liza. This name that the proponents came up with has been a perfect
fit for the corporation since the word MaSACCA comes from the Tagalog root word
This is to show that the product offered by the business is not only worth paying
The tree figure symbolizes the stable growth of the company, just like a tree. The
three branches of it represents that the company is committed in three things which are
Sustainability, Quality and Innovation. On the other hand, since the proponents of the
corporation believe in a Bible phrase “I can do all things through Christ who strengthens
Me.” the figure of mountain on the logo symbolizes equanimity of the company.
Equanimity is a state of inner balance that enables someone to surpass any turmoil in life.
The green color of the field symbolizes nature, life, energy associated with meanings of
growth, freshness, safety and environment. Also, the green colour represents that the
company is an advocate of a greener life for every citizen of its beloved country –
Philippines.
The business constitute with high costs of formation and operations. It declares
the business as a separate, legal entity guided by a group of officers known as the board
of directors.
Company. Every employee, inside the corporation, has a voice and decisions which are
internationally and improving our business transactions together with the fast-paced
development technology.
as well as meeting the demands of the clients, while providing a valuable atmosphere to
SUSTAINABILITY
QUALITY
INNOVATION
change.
Engineering Agri-Engineering
Department
General Accountant
Accounting
General Manager
Accounting
Department Assistance
Cashier
Sales Analyst
Sales and Marketing
Department
Market Research
Analyst
Workers
Production
Department
Quality Assurance
General Manager
leaders.
analysis.
Job Qualifications
position)
Agricultural Engineering
properly
and productivity
so that the plans can be evaluated and any necessary changes made
Job qualifications
responsibilities.
levels.
General Accountant
and procedures.
questions.
information.
disbursements.
Job Qualification
Accounting Assistance
Job Qualifications
QuickBooks)
Organization skills
Cashier
information
Job Qualifications
Customer satisfaction-oriented
Sales skills
Report on key recruiting metrics like time to fill and hiring costs
surveys)
Identify top reasons why candidates and employees choose to work with
procedures
Job Qualifications
benefits
Sales Analyst
Developing quotas for the Sales team, evaluating their performance on the
needed.
Job Qualifications
relevant field
conducting analyses.
customers’ preferences
Compile and analyze statistical data using modern and traditional methods
to collect it
operation
Evaluate program methodology and key data to ensure that data on the
Job Qualifications
surveys etc)
Quality Assurance
quality data
systems
Plan, conduct and monitor testing and inspection of materials and products
Job Qualifications
Assurance
databases
Production Worker
Job Qualifications
forklift training
methodically
factory equipment
Possesses physical strength and stamina required to stand, walk, and lift
positions and their respective duties, responsibilities and qualifications. They will
Recruitment
The recruitment phase of the hiring process takes place when the company
references Human Resource staff will also work in partnership with TESDA in
recruiting applicants.
Selection Process
Physical and
Final Selection Medical Hiring
Examination
Orientation
Resource Staffs for the initial interview. The candidates who passed the
Once the applications are received, these are screened by the screening
committee, who then prepare a list of those applicants whom they find
In order to check the mental ability and skill set of an individual, several
tests are conducted. Such as intelligence tests, aptitude tests, interest tests,
psychological tests, personality tests, etc. that will be given by the Human
Resource Staff.
Finally, the candidate who qualifies all the rounds of a selection process is
Here the physical and mental fitness of the candidate are checked to
employment.
gives improvements and satisfaction on the part of the employees and helps in
committed to ensuring that all the staffs have access to learning, development and
to carry out their role within the Company, and to develop their talents in ways
that fit with the Company’s development to meet its strategic objectives.
investment in staff training and development will always be made having regard
to the needs of the business as well as the staff member’s individual needs.
their employees are doing. Evaluations contain performance standards or the level
to the job given to the employee. The Human Resources Department shall be
responsible for the establishment and maintenance of lists of employees who are
other University employees. All employees responsible for the completion and
in a timely fashion with subsequent reminders of the due date for completion. The
to the terms of the various collective agreements, or shall utilize the existing
processes shall include flexibility with respect to the methods used to evaluate and
shall discuss continued or repeated failures to comply with this policy with the
evaluation processes and, if necessary, assessing the need for disciplinary action.
A. Seminar/Conferences
information on a broad array of topics and professional issues, and also to ensure
employees are well – trained and up to date. Seminars and conferences will be
includes X-rays, dental, urinalysis, fecalysis, complete blood count, eye test and
physician.
ascertain their fitness for work and in compliance with the requirement of the
Labor Code.
C. Team Building
Team buildings are conducted to boost the team morale of the company
MaSACCA Inc. holds annual team building. It aims to build stronger relationship
provided by the company. Regular office days are from Mondays to Fridays and
its regular working hours are from 8 in the morning to 5 in the afternoon. All
employees must work at least eight (8) hours a day excluding lunch break.
Employees are entitled to have a lunch break of one (1) hour between 11 in the
morning to 12 at noon or 12 at noon to 1 in the afternoon. The reason for the two
For the Employees under the production, the regular working days are
Lunch break and day off are given which depends on the schedule provided by the
company.
The company’s purpose for the promotion policy is to establish consistent method
for identifying wages and salaries for the employees who are promoted. The company
will define promotion as the upward movement of an employee from one class to another
The company will use vertical promotion wherein the employee is promoted from
a lower class to a higher class which involves an increase of salary, status, responsibility
and authority.
I. Merit
performance in the current job, it will be done on the basis of his skills,
II. Punctuality
work would raise a possibility that the production will get slower.
III. Professionalism
It is the good judgment, skill and polite behavior that will be expected
IV. Discipline
Employees who will always follow and comply to the rules and
positions that are not available internally. Outsourcing is the hiring of employees
maintenance services and security services. The terms and conditions governing the
contract between the company and the service provider should be carefully define in
written agreements and verified by company’s legal counsel on their legal effect and
enforceability.
appropriate level of control over the outsourcing and the rights to interview with
by the company
Report impairment that affects the ability to perform safe and sensitive in
workplace.
Contract Agreement
Confidentiality Agreement
Corporate transactions
Any employee who will fail to comply with this agreement shall be:
Attendance is important for it is one of the bases for promotion. Each and every
employee must follow their working schedule provided by the company to ensure
Perfect Attendance
Employees have the right to take time off for various reasons, whether they
are sick, or simply going on a short vacation. That being said, it never hurts to
Absence
work as scheduled and such incident was not supposed in advance as required
Tardiness
an assigned work area and to start work at his/her scheduled time, including
returning from breaks and meal periods; leaves work prior supervisory
need of the employer and the impact that his/her absence shall create on his/her
duty. MaSACCA Inc. provides their employees with the following leave benefits:
Maternity Leave
60 days with pay for normal delivery and 7 8 days for caesarean
delivery are given to female employees. All social Security System members
are entitled for this benefit if she has paid at least three (3) monthly
Paternity Leave
Seven days with full benefits is given to married male employees for
Vacation Leave
This is a 5-day vacation leave with a pay but should be filed two
Sick Leave
An employee is given five days sick leave with pay but he/she
Bereavement Leave
They provide a week long leave with pay for those employees who lost
Emergency Leave
A five day emergency leave with pay is given to employees who went
Taking a leave of absences after five days without prior notice and
voluntary withdrawal from employment and thus, privileges and benefits are
automatically forfeited.
All increases in salary and wages are granted only if adequate funds
budgeted and available. Salaries and wages are classified by position based on
reviews on salary ranges once a year and makes any adjustment deemed
necessary.
All employees are paid on the 10th and 25th of the month. In the event that
a regular scheduled payday falls on a day off such as weekend and holiday,
employees will receives pay on the last day of work before the regular scheduled
payday.
salaries via Automated Teller Machine (ATM) of the partner bank. As for
their salaries. The corporation will remit the whole payment for the outsourced
2.4.8.1 Benefits
compliance with all applicable local and national laws of the country where it
operates. Statutory benefits are those which are provided under social legislation
such as the Security Social System (SSS) law, Philippine Health Insurance
Mutual Fund (Pag-IBIG). These are provided for the protection of the employees
and their dependents in the event that the former is unable to report for work by
employee upon payment of the required premium contribution for the prescribed
period of time. While the benefits are for the employees, the employer is
All benefits under SSS law may be availed if the required number
SSS date is 11% of the monthly salary credit not exceeding P16,000 and
this is being shared by the employer (7.37%) and the employee (3.63%).
in the processing of the benefits and loans. Employer must pay your
o Employee’s Compensation
Loans that aim to provide financial assistance to their needs at the lowest
Multi-purpose loans
Calamity loan
Housing loan
Home Insurance
payment that is based on Republic Act 7875. Members may enjoy health
illness or injury requiring confinement and has paid at least three months
Confinement must not be less than 24 hours and not more than 45 days in
any year. Any unused room and board allowance for any year is not
relation to health and safety. MaSACCA Inc. will provide a workplace that is
which will insure a safe and productive workplace for our employees. Any
This policy applies during all working hours, at any time while conducting
Premises. For those reasons, the following rules will be strictly implemented:
property.
use, possess, buy, sell, manufacture or dispense an illegal drug in violation of this
policy will be terminated. If the employee refuses to be tested, yet the company
Smoking is strictly prohibited within all company work areas and public
stairwells, hallways and work stations, as well as all other enclosed areas. This
employee does not comply with the Policy on Smoking in the Workplace or
constitute misconduct on the part of the staff member and appropriate disciplinary
Procedures.
However, employees should limit their personal use of the telephone and
computer during office hours because telephone and e-mail systems are provided
by the Company at its expense for business use, all messages sent by or received
The Company reserves the right to access and to disclose the messages
that you send or receive on the voice mail or e-mail systems. Employees should
also be aware that “deleted” messages from the computer screen may not actually
be deleted from the e-mail system. Employees who abuse this policy are subject
official duties, may not access the internet using Company facilities under any
circumstances. It is expected that employees will use the Internet to improve their
which have relevance to the Company; and to communicate with their peers in
other companies.
attire. Because work environment sees frequent visits from customers, clients, and
the public, professional business attire is essential for our reputation. The
formality of our business attire makes clients and customers feel that they can
trust our judgment and recommendations. Customers make decisions about the
quality of our products and services based on their interaction with you.
Any employee who will not meet the attire or grooming standards set by
*Dark blue colored production uniform is for the operational managers only. Orange
colored uniform is for the workers only.
Clothes that are typical in workouts and outdoor activities are not allowed
Proper business attire for men includes suits, sports jackets, and pants that
For women, business attire includes pant and skirt suits and sports jackets
In the case of the employee violates the policy, their supervisor should
reprimand them. The employee should start respecting our dress code
change.
2.4.13 Performance
the company’s mission, vision and plans. Each employees should also ensure that
they work effectively and efficiently to provide the best for the customers.
attending a client or other work-related event, including retreats and social events.
behavior. The purpose of this policy is ensure that employees are aware of
behavior that could amount to misconduct and that all relevant parties are aware
the company.
Behavior amounting to misconduct includes, but is not limited to, the following:
Unauthorized absence from the workplace and repeatedly being late for
determining whether or not the employee has engaged in conduct that could be
contract of employment;
Theft;
Fraud;
Assault;
Intoxication at work;
Fighting;
Obscenity;
2.4.15 Termination/Resignation
policy also sets out processes to be followed by company and employees who are
of employment.
company, the employee is entitled to be paid in respect of the accrued but unused
annual leave and long service leave entitlements. Personal/career's leave and
2.5.1 Attendance
Table 1
1. Absence Without
3 days
Official Leave Written
Oral Warning suspension Termination
(AWOL) Reprimand
without pay
3 days
2. Habitual Absences Written
Oral Warning suspension Termination
Reprimand
without pay
3. Abandonment of 3 days
Written
work Oral Warning suspension Termination
reprimand
without pay
4. Unexcused
tardiness or early 3 days
Written
leave — 3-5 times Oral warning Suspension
Reprimand
per month without pay
5. Habitual tardiness
3 days
or early leave — 6 Written
suspension Termination
or more Reprimand
without pay
2.5.2 Uniform
Table 2
Table 3
1. Spending of
money from
Termination
customers
2. Falsification of
employee record Termination
3. Disrespect co-
employees, 3 days 10 days
Written
management and suspension suspension
Reprimand
customers without pay without pay
4. Engagement of
employees to
10 days
other company of Termination
suspension
the same business
5. Participating in
any fight during
working hours 3 days 10 days
inside and out the suspension suspension Termination
company’s without pay without pay
premises
Criminal offense is an act, harmful not only to some individual but also to
the whole organization. Someone who will make these kind of offenses will
subject to termination:
TAX EVASION –It can range from simply filing tax forms with
tax obligation.
Oral Warning
warning. It involves meeting with the employee and advises what rule did he
Written Reprimand
If an oral writing was given and the problem still continues, a written
employee that he/she has violated a rule and/or regulation inside or outside the
company’s premise.
suspended from his work for 3-10 days, depends on the level of his/her violation,
contract requirements.
Termination
At the 4th offense the employee will be terminated from its job. It is where
the employer chooses to require the employee to leave, generally for a reason
90
Job Position No. of Employees Per Month 13th Month Pay Per Year
General Manager 1 23,000.00 23,000.00 299,000.00
Agriculture Engineer 1 15,000.00 15,000.00 195,000.00
General Accountant 1 17,000.00 17,000.00 221,000.00
Accounting Assistance 1 12,000.00 12,000.00 156,000.00
2.6.2 Projected Salary for Year 2
The table below shows the strategic plan from pre-operating year up to 2023:
2019
Key Performance
Timeline Objectives Activities Lead Person Budget
Indicator
Distribution of Coordinate with Provincial
To launch the advertisement Office of Department of
business and paraphernalia Agriculture in three Marketing
January-March 15,000.00
establish about the provinces for their Manager
trademark company and the upcoming seminars for
importance of it farmers
Execution of
May-June corporate social- Feeding Program At least 500 children H/R Head 15,000.00
responsibility
To advance
Employees will be more
employer- H/R
October-December Team Building engaged and driven in 40,000.00
employee Supervisor
working inside the company
relationship
2020
Key Performance
Timeline Objectives Activities Lead Person Budget
Indicator
Distribution of calling
To launch the cards in municipal At least 10 phone
business and agricultural office's calls and 5 views of Store
January-March 15,000.00
establish seminars and social media page per Supervisor
trademark mainting social media day
pages
Employees will be
To enhance
participating General
May-June employee Company Retreat 30,000.00
enthusiastically in Manager
productivity
every activities
Giving discount to
To attain desired Increase in sales Marketing
October-December customers (subject to 15,000.00
sales growth revenue by 6% Manager
terms and conditions)
2021
Key Performance
Timeline Objectives Activities Lead Person Budget
Indicator
The rate of
To enhance productivity of the
Giving incentives to General
July-September employee company would 300,000.00
the employees Manager
productivity increase at least by
3%
2022
Key Performance
Timeline Objectives Activities Lead Person Budget
Indicator
Distribution of
To offer the new
advertisement of the The rate of sales will Marketing
January-March product to the 15,000.00
new product to the increase by 5% Manager
customers
customers
2023
Key Performance
Timeline Objectives Activities Lead Person Budget
Indicator