BAs Camote Jam Delight CPG North Avenue Tagbilaran City

RGV CompanyRGVs Camote Jam DelightCPG North Avenue Tagbilaran CityOWNERS:Abrau, Geny Lyn M.Ayeng, Vegalie G.Gesta, Maria Reina P. Raa, Rhina R.Santisas, Ginevie G.

Raw Materials & Finished Product

Introductory PageRGV Company is a newly established partnership, located in CPG North Avenue Tagbilaran City.According to research food is the most feasible business venture, thus RGV Company aims to create an innovated food product with a capital contribution of 500.00 each. The products name will be called RGVs Camote Delight.

RGV Company is equally owned and managed by these following partners:

Geny Lyn M. AbrauPoblacion, San Miguel, BoholVegalie G. AyengBooy, Tagbilaran City, BoholMaria Reina P. GestaBuyog, Valencia, BoholRhina R. RaaCamambugan, Ubay, BoholGinevie G. SantisasPangpang, Ubay, Bohol

Executive SummaryRGV Company is a newly established partnership, located in CPG North Avenue Tagbilaran City. This partnership is equally owned and managed by five partners namely: Geny Lyn Abrau, Vegalie Ayeng, Maria Reina Gesta, Rhina Raa and Ginevie Santisas. The curiosity of the partners push them to indulge into a food manufacturing venture. The products name is RGVs Camote Jam Delight, made from different varieties of sweet potato.

Sweet potato is known to be cheap but excellent source of carbohydrates, vitamin A, carotene, calcium, and phosphorus. It is also a fair source of thiamine and iron but poor source of riboflavin, niacin, and vitamin C. That is why it also promotes a product that is not only after taste but also of nutritive value. As s business, its goals are of quality, innovation and integrity.As a social relevance, it helps the community in a way that we can patronize locally produced camote.6The unit cost is 3.60, with the unit price of 5.50, which is a 52% mark-up based on cost.For the period of 2 months, the company estimates to realize a 2,188.80 gross profit.The return of investment is the capital contribution of the partners, which is 500 each a total of 2, 500, plus the net income, which is 2,188.80 , a total of 4,688.80 . Each partner has a return equal to 937.76.The Objectives of RGV Company are the following:

To be able to enhance our skills as aspiring entrepreneurs.To be able to sustain our business in a period of 2 months.To be able to meet the needs of the community.

RGV Company Mission is as follows:Quality: Our products have always been in the forefront of the health and nutrition wave.Innovative: Innovative products, state of the art manufacturing, quality assurance and industry expertise are the bases for future successes.Integrity: Our customers depend on the quality of our product. Our commitment to the highest standard is the foundation of our customer's trust in our Camote Jam Delight. Home-made Camote depends on extensive cooperation and mutual reliance between supplier and retailer. We stand behind our product, our service and our word.

Industry AnalysisA. Analysis of CompetitorsMost probably, we desire to sell our product as a dessert, in the restaurants near the vicinity of University of Bohol, based on that, our competitors will be the available dessert made by the owners of the restaurants, there might be pre-existing local food products, i.e. ube jam, squash jam, camote cue, etc.Pagdali!10B. Market SegmentationWe aim that in our production, our product will be all sold out, we can do that by:

RGV CompanyFleet Mer RestaurantRestaurant near UBRestaurant near UBBoardersStudents from UB, BISU, etc.Students from UB, BISU, etc.Description of VentureA. ProductRGV Company will offer a newly innovated product made from different varieties of sweet potato. RGV will produce a tasty, yummy and delectable camote jam that will satisfy its customers, perfectly made down to the smallest detail. Compare to others, RGVs Camote Jam have various colors and toppings according to the variety of sweet potato we will be using.

Sweet potato locally known as kamote or camote, is a commonly planted in flat to slightly rolling open areas. The crop is also known to be cheap but excellent source of carbohydrates, vitamin A, carotene, calcium, and phosphorus. It is also a fair source of thiamine and iron but poor source of riboflavin, niacin, and vitamin C.

Raw Materials & Finished ProductB. Size of BusinessRGV Company is a micro business, since its total capital is only 2,500. Also, it has only five workers working in the production.C. Background of EntrepreneursRGV Company has come to existence through the utmost efforts of these young entrepreneurs:

They are all third year Accountancy students at the University of Bohol.

NAMEAGEPERMANENT ADDRESSGeny Lyn M. Abrau18Poblacion, San Miguel, BoholVegalie G. Ayeng19Booy, Tagbilaran City, BoholMaria Reina P. Gesta18Buyog, Valencia, BoholRhina R. Raa18Camambugan, Ubay, BoholGinevie G. Santisas19Pangpang, Ubay, BoholProduction PlanA. Manufacturing ProcessThis is how a Camote Jam Delight is made:Ingredients:In order to produce a camote jam delight these basic ingredients are needed:camotecondensed milkmargarinebuttersugar

Here are the procedures:Boil the sweet potato until cooked.Peel the skin then place on a separate bowl.Mash the sweet potato.Set the pan in low heat then melt the butter.Add the mashed sweet potato, sugar and condensed milk. Mix well.Spoon in paper cups and add toppings.Chill for 30 minutes then serve.Production Schedule

StepsTimeBoiling1 hourPeeling15 minutesMashing15 minutesMixing30 minutesMolding30 minutesChilling30 minutesTOTAL3 hoursC. Manpower RequirementName of PartnerNo.DutiesGeny Lyn AbrauVegalie AyengGinevie Santisas3Preparing & boiling the camoteMaria Reina GestaRhina Raa2Peeling the camoteGeny Lyn AbrauVegalie AyengGinevie Santisas3Mashing and mixingMaria Reina GestaRhina Raa2MoldingD. Place of ProductionRGV Company manufactures their product at Booy, Tagbilaran City, Bohol, the residence of one of the partners Ms. Vegalie Ayeng.

E. Names of Suppliers of Raw MaterialsPlaza Marcela Cogon Public Market

Marketing PlanA. PricingThe company's sales forecast is 3,168 in the first month and 3,168 in the second month with a total cost of goods sold of 2,073.60 every month. This results in a gross profit of 1,094.40 every month and a gross margin percentage of 52% every month.

NOTE 1:Raw Materials:Camote (1 kilo)-30.00Condensed Milk (195g)- 14.40White Sugar (125 grams)- 5.94Butter (2 packs)- 13.60Margarine (50 g)- 7.82Paper molder- 2.28Cheese- 5.00Indirect materials- 7.36TOTAL COST86.40Number of Units Produced 24UNIT COST 3.60Mark Up- 52%Unit price- 5.50

By week- 6klsTOTAL COST (per kilo)86.40Number of kilos per week x 6Total Cost per week 518.40

Number of Units (per kilo) 24Number of kilos per week x 6Total Units produced 144

By month- 24klsTOTAL COST (per kilo)86.40Number of kilos per month x 24Total Cost per month 2,073.60

Number of Units (per kilo) 24Number of kilos per month x 24Total Units produced 576Unit price 5.50SALES 3,168

B. Distribution

Target Market:Restaurants near the vicinity of University of BoholFleetMer Boarding HouseStudents and Teachers

C. Promotion

Free tasting for the 1st week of operationWord-mouth advertisingSocial media, i.e. facebook

Organizational PlanA. Form of OwnershipRGV Company is a partnership business composed of partners that are both capitalist and industrial. All partners have equal control and the decision of majority rules. They have unlimited liability. The profit or loss will be divided equally between the partners. B. Roles and Responsibilities of members of the OrganizationThe company is equally owned and managed by all the partners. They are expected to carry out certain roles, duties and responsibilities. These include the following:

Loyalty and Good FaithEach partner must act in good faith toward the other partners and must not take any advantage over the other partners by misrepresentation or concealment.

ObediencePartners must observe any limitations adopted by a majority of the partners with regard to the ordinary details of the partnership business.Reasonable CareA partner must use reasonable care in transacting the partnerships business and is liable for any loss resulting from a failure to act with reasonable care. InformationA partner has the duty to inform the partnership of all matters relevant to the partnership.

ManagementEach partner has the right to take an equal part in transacting the business of the partnership. It is irrelevant that one partner contributed more than another financially or that one contributed only services when the partnership was formed.Inspection of BooksAll partners are equally entitled to inspect the books of the partnership.

A. Evaluate weakness of businessPerishableUmay-FactorCompetitorsPre-existing local food products, i.e. ube jam, squash jam, camote cueAssessment of RiskB. Contingency PlanIf raw materials, especially camote, wont be available in the suppliers we mentioned, we will resort to buying the said material at other markets.In the production, were using stove in cooking our product, and if there will be instances that the stove will run out of gas/fuel, we will consider using firewood.Since we will deliver our product to certain restaurants, and if its close without our knowledge and/or they will refuse to buy, we will be selling it personally to individual customers.Financial PlanThe partners of RGV Company will contribute 500 each, a sum 2,500, that will be the source for financing the business.Their will be no additional investment from the partners, nor borrowed funds from creditors.

Income Statement

Note : AssetsAll materials and equipment used in the production are borrowed and fully depreciated such as pan, ladle, stove, etc.All sales will be in Cash, thus there is no expected Accounts Receivables.Inventory is zero, for we assume that all products will be sold.LiabilitiesThe company will not incur any liability because the capital contributed is enough for the production.

NOTE 1:Raw Materials:Camote (1 kilo)-30.00Condensed Milk (195g)- 14.40White Sugar (125 grams)- 5.94Butter (2 packs)- 13.60Margarine (50 g)- 7.82Paper molder- 2.28Cheese- 5.00Indirect materials- 7.36TOTAL COST86.40Number of Units Produced 24UNIT COST 3.60Mark Up- 52%Unit price- 5.50

The Return of Investment is the capital contribution of the partners, which is 500 each a total of 2, 500, plus the net income, which is 2,188.80 , a total of 4,688.80 . Each partner has a return equal to 937.76.

Product & Sales ForecastMonth 1Month 2

Camote Jam Delight

Unit Price 5.50 5.00

Unit Sold576576

Unit Cost (Note 1) 3.60 3.60

Inventory576576

Totals

Total Sales 3,168 3,168

Total Cost 2,073.60 2,073.60

Gross Profit ForecastMonth 1Month 2

Revenue

Sales3,168.003,168.00

Cost of Goods Sold2,073.602.073.60

Gross Profit1, 094.401, 094.40

Product & Sales ForecastMonth 1Month 2

Camote Jam Delight

Unit Price 5.50 5.00

Unit Sold576576

Unit Cost (Note 1) 3.60 3.60

Inventory576576

Totals

Total Sales 3,168 3,168

Total Cost 2,073.60 2,073.60