Section 3

Section 3

FINANCIAL DATA

I. Sources and Application of Funding

A. List Sources of Securing Capital

The capital of the business will be loaned from “Banco De Oro”.

>Loan amount

-2,000,000.00php

>Term Loan

-Most suitable loan product for Froozy’s business needs

Payment terms

-Maximum of ten years but the loan will be paid five years ahead.

Interest Rate

-1.25%

Details

-Deposited on Froozy’s BDO deposit account.

-Repayment is made monthly for both principal and interest dues.

B. List of the Major Categories of Expenditures

The major capital expenditures of the business “Froozy” for the start of its operation includes:

I. Construction Needs for the Personalization of the Store

Name of Construction

MaterialsPrice Quantity Total Price

Tiles(C.R.) 15.00php 100pcs. 1,500.00phpDoor(C.R.) 800.00php 1pc. 800.00php

Tables 400.00php 4pcs. 1,600.00phpChair 250.00php 20pcs. 5,000.00phpPaint 750.00php 4gallon 3,000.00php

Circuit Breaker 600.00php 1pc. 600.00phpLight Bulb 90.00php 1pc. 90.00php

Salary and Wages of The

Construction Workers

24,500.00php

The Construction materials listed above will be purchased from Lito’s Builder Construction Supplies located at Brgy. Tambo Lipa City. Froozy will operate in an established business for rent and spend 12,590.00php for the customization of the space and 24,500.00php for the salary of workers for a total of 37,090.00php for the personalization of the store.

II. Equipments Needed

Name of Equipment

Price Quantity Total Price

Sink 985.00php 2pcs. 1,970.00phpClock 500.00php 1pc. 500.00php

Faucet 200.00php 3pcs. 600.00phpCash Register 32,600.00php 1pc. 32,600.00phpRefrigerator 14,000.00php 3pcs. 42,000.00php

Blender 1,000.00php 2pcs. 2,000.00phpCeiling Fan 865.00php 4pcs. 3,460.00php

Fire Extinguisher 1,600.00php 1pc. 1,600.00phpGasul 565.00php 2pcs. 1,130.00phpMop 150.00php 1pc. 150.00php

Broom 50.00php 1pc. 50.00phpToilet Bowl 1,200.00php 1pc. 1,200.00php

Exhaust Fan 700.00php 2pcs. 1,400.00phpCasserole 100.00php 4pcs. 400.00php

Pan 125.00php 2pcs. 250.00phpName of

EquipmentPrice Quantity Total Price

Scoop 180.00php 1dozen 2,160.00phpServing Spoon 20.00php 2dozen 480.00php

Plates 20.00php 1dozen 240.00phpTrashcan 85.00php 8pcs. 680.00phpPitcher 200.00php 3pcs. 600.00phpKnives 35.00php 4pcs. 140.00php

Pot Holder 25.00php 4pcs. 100.00phpPeeler 60.00php 2pcs. 120.00php

Measuring Cups 110.00php 3pcs. 330.00phpBowls 85.00php/set/4pcs. 4sets 340.00phpTurner 50.00php 2pcs. 100.00phpBurner 750.00php 2pcs. 1,500.00php

The equipments of the business will be purchased online from www.sulit.com which offers free shipping of their products. The total expense for the equipments of the business is 96,970.00php.

III. Shop Supplies

Name of Shop Supplies

Price Quantity Total Price

Spoon 0.50php 10,000pcs. 5,000.00phpCups 6.00php 10,000pcs. 60,000.00php

Tissue 15.00php 4packs 60.00php

Calypso Plastic Company located at 721 Frensa Street Binondo Manila, will be Froozy’s exclusive producer of cups, spoons and tissue carrying Froozy’s name. The total expense for shop supplies is 65,060.00php.

IV. Office Supplies

Name of Office Supplies

Prices Quantity Total Price

General Journal 35.00php 1pcs. 35.00php

http://www.sulit.com/

Receipt Paper 100.00php 3pcs. 300.00phpRecord Book 50.00php 3pcs. 150.00php

Paper 5.00php 1pack/20pcs 100phpBallpoint pen 70.00php 1pack/12dozen 70.00php

The supplies mentioned earlier will be purchased monthly from Mang Arthuro’s Store together with the products to be sold. This office supplies costs a total of 655.00php.

V. Ingredients for the Products to be sold

Another Major Capital Expenditures are the ingredients for the products to be sold:

Name of Ingredients

Original Price Wholesale Quantity Total Price

Mango 80.00php 70.00php 60 kilos 4,200.00phpBanana 1.50php 1.50php 140pcs. 140.00phpApple 12.00php 10.00php 140pcs. 1,400.00php

Pineapple 40.00php 35.00php 84pcs. 2,940.00phpCooked Ube 45.00php 40.00php 60 kilos 2,400.00php

Banana(Saba) 1.50php 1.00php 150pcs. 150.00phpCamote 30.00php 25.00php 60 kilos 1,500.00php

Nata De Coco 20.00php 18.00php 60 kilos 1,500.00phpPinipig 30.00php 25.00php 60 kilos 1,080.00php

Ice(crushed) 35.00php 30.00php 250 kilos 7,500.00phpGrahams(crushed

)25.00php 23.00php 30pcs. 690.00php

Chocolate Syrup 125.00php 123.00php 5 bottles 615.00phpStick-O 50.00php 46.00php 72 bottles 3,312.00php

Sprinkles 40.00php 35.00php 3 packs 125.00phpNips 40.00php 35.00php 3 packs 125.00php

Cooking Oil 20.00php 18.00php 30 bottles 540.00phpSugar White 60.00 58.00php 48 kilos 2,784.00phpSugar Brown 55.00php 53.00php 48 kilos 2,544.00php

Condensed Milk 40.00php 35.00php 72pcs. 2,520.00phpEvaporated Milk 25.00php 23.00php 72pcs. 1,656.00php

Sago 30.00php 25.00php 60 kilos 1,500.00php

The products mentioned above will be purchased through wholesale from Mang Arthuro’s Store. The total cost of the products is 39,201.00php.

VI. Other Expenses

Uniform Allowance

-Pertains to the uniform for all of the employees which costs 5,400.00php.

Utility Expense

-This includes electricity expense (10,000.00php/month), water expense (10,000.00php/month) and telephone expense (5,000.00php/month). All of the utility expense garners a total amount of 25,000.00php.

License Expense

-Expense for business permits and sanitary permits will all cost 4,000.00php.

Advertising Expense

-This includes the cost of tarpaulin and advertisement through radio/television during the first month of its operation. The business will allot a sum of 50,000.00php for advertising purposes. Advertising will be done every six months of operation. On the second quarter of our operation same cost of advertising will be implemented.

Rent Expense

-The business will pay 37,500.00php a month for the space used.

Salary Expense

-The amount paid for the services of the employees working in the store that would cost 26,000.00php.

Delivery Expense

-Pertains to the payment for deliveries of products from Mang Arthuro’s Store which will be paid weekly. This will cost 1,200.00php/month.

Loan Expense

-Pertains to the monthly sum of money paid by the business to support their expenditures. This amount of money including the monthly interest expense costs 53,334.00php

The total of all expenses for starting up the business “Froozy” for the first month is 446,410.00php.

Name of Expenses

(February to June)

Total amount

Utility Expense 125,000.00php

Rent Expense 187,500.00php

Salary Expense 130,000.00php

Freight In 6,000.00php

Shop Supplies 325,300.00php

Products to be Sold 196,005.00php

Office Supplies 3,275.00php

Loan Expenses 291,670.00php

From the second month until the sixth month (February to June) of the first quarter of operation, the total amount of expenses is 1,264,750.00php.

This sums up to 1,711,160.00php, all the expenses for the first quarter of business operation (January to June)

The expenses for the second quarter of operation (July to December) is the same as the expenses of February to June of the first quarter including advertising expense that cost 50,000.00php.

II. Income and Cash Flow Forecasting

A. Sales Projection

960,000.00php is the projected sales for the first quarter of business operation. The owners took the average amount of the prices of all the suggested products of “Froozy” (40.00php) that will be multiplied in the everyday expected costumers (250/day). The owners did this kind of estimation because it is the most precise approach to do to determine the sales of the business. And

the business focuses on the costumer’s interaction on its products they are free to choose on what they are getting.

Froozy

Income Statement

For the Month ended of January to June 30, 2015

Sales 960,000.00php

Less: Operating Expenses



Advertising Expense 50,000.00php

License Expense 4,000.00php



Miscellaneous Expense 37,090.00php

Interest Expense 150,000.00php

Uniform Allowance 5,400.00php 784,670.00php

Net Income 175,330.00php

Froozy

Income Statement

For the Month ended July to December 31, 2015

Income from Sales 960,000.00php

Less: Operating Expenses



Advertising Expense 50,000.00php



Miscellaneous Expense 37,090.00php

Interest Expense 150,000.00php 758,200.00php

Net Income 221,800.00php

FroozyBalance Sheet

January – December 31,2015

Assets Current Assets

Cash on Hand 2,700,160.00php Total Current Asset 2,700,160.00php

Fixed AssetEquipment 96,970.00phpTotal Fixed Asset 96,970.00php

Total Asset 2,797,130.00php

Liabilities and Proprietorship:

Liabilities

Loans Payable 400,000.00php

Total Liabilities 400,000.00php

Proprietorship

Capital 2,000,000.00php

Add: Net Income 397,130.00php

Total Proprietorship 2,397,130.00php

Total Liabilities and Proprietorship 2,797,130.00php

ame: Albien Rynel D. Bautista

Address: Tambo, Lipa City

Contact number: 09128786826

E-mail Address: [email protected]

Personal Data

Age : 22

Sex : male

Height : 5’8”

Weight : 120 lbs

Nationality : Filipino

Religion : Roman Catholic

Civil Status : Single

Date of Birth : July 9, 1993

Place of Birth : Mt. Carmel Hospital

Mother’s Name : Charito Bautista

Occupation : none

Father’s Name : Henry Bautista

Occupation : none

Educational Background

Elementary : Mary Immaculate School (1999-2001)

Early Start Learning Center

B. Morada St., Lipa City

Year Attended: 2001-2006

Secondary : De La Salle Lipa

1962 JP Laurel National Highway, Lipa City


Tertiary : St. Paul Seminary Cubao

Cubao


Character Reference:

Mr. Rey Villegas

High School Teacher

De La Salle Lipa

Mr. Rico Rocreo

Barangay Captain

Tambo, Lipa City

I hereby certify that the above application is true and correct to best of my knowledge and belief.

Albien Rynel D. Bautista

Applicant

Name: Anily Faye M. Alcantara

Address: Gen. Luna St. Sabang, Lipa City



Personal Data

Age : 21

Sex : female

Height : 5’1”

Weight : 54 lbs




Date of Birth : March 31, 1994

Place of Birth : Lipa City

Mother’s Name : Gregoria Alcantara

Occupation : Housewife

Father’s Name : Noriel Alcantara

Occupation : Security guard


Elementary : G.B. Lontok Memorial School

P. Laygo St. Sabang, Lipa City





Tertiary : Batangas State University

Malvar, Batangas

Engineering



Mr. Rey Villegas

High School Teacher

De La Salle Lipa

Mr. Fred Lescano

Barangay Captain

Sabang, Lipa City


Anily Faye M. Alcantara

Applicant

Name: Bon David M. Garcia

Address: 67 Mataas na Lupa, Lipa City



Personal Data

Age : 21

Sex : male

Height : 5’7”

Weight : 128 lbs




Date of Birth : November 30, 1993


Mother’s Name : Rhyna Garcia

Occupation : School vendor

Father’s Name : Deo Garcia

Occupation : self-employee


Elementary : Padre Valerio Malabanan Memorial School

B. Morada St., Lipa City





Tertiary : De La Salle Lipa


BS Electronics Communication Engineering



Mr. Rey Villegas

High School Teacher

De La Salle Lipa

Mr. Pablo Levita

Barangay Captain

Mataas na Lupa, Lipa City


Bon David M. Garcia

Applicant

Name: Diseree Dimaano

Address: Tangway, Lipa City



Personal Data

Age : 21

Sex : female

Height : 5’5”

Weight : 112 lbs




Date of Birth : December 28, 1994


Mother’s Name : Amalia Dimaano

Occupation : Businesswoman

Father’s Name : Artemio Dimaano

Occupation : Bank manager


Elementary : Tangway Elementary School

Tangway, Lipa City





Tertiary : Ateneo De Manila University

Quezon City

BS Mathematics



Mr. Rey Villegas

High School Teacher

De La Salle Lipa

Mr. Giovanni Mayor

Barangay Captain

Tangway, Lipa City


Diseree Dimaano

Applicant

Name: Emmanuel M. Sambayan

Address: 122 Sta. Agatha St. Villa Rosa Carmel Subd. Lipa City



Personal Data

Age : 21

Sex : male

Height : 5’7”

Weight : 136 lbs




Date of Birth : January 16, 1994


Mother’s Name : Aida Sambayan

Occupation : none

Father’s Name : Ruel Sambayan

Occupation : none


Elementary : Lipa City South Central School

Granja, Lipa City





Tertiary : De La Salle College of Saint Benilde

DLS-CSB SDA Campus, 950 P. Ocampo St. Malate Manila, 1004

AB Multimedia Arts



Mr. Rey Villegas

High School Teacher

De La Salle Lipa

Mr. Jhonny Lat

Barangay Captain

Antipolo Del Norte, Lipa City


Emmanuel M. Sambayan

Applicant

Name: Jennilyn B. Bañas

Address: Tambo, Lipa City



Personal Data

Age : 22

Sex : female

Height : 5’4”

Weight : 100 lbs




Date of Birth : September 18, 1993

Place of Birth : Tambo Lipa City

Mother’s Name : Shirley Bañas


Father’s Name : Porferio Bañas

Occupation : Sewer


Elementary : Tambo Elementary School

Tambo, Lipa City





Tertiary : University of Sto. Tomas

Sampaloc, Laguna

BS Hotel and Restaurant Management



Mr. Rey Villegas

High School Teacher

De La Salle Lipa

Mr. Rico Rocreo

Barangay Captain

Tambo, Lipa City


Jennilyn B. Bañas

Applicant

Name: Louie C. Valerio

Address: Mataas na Lupa, Lipa City



Personal Data

Age : 21

Sex : male

Height : 5’11”

Weight : 120 lbs




Date of Birth : September 13, 1994

Place of Birth : Mataas na Lupa, Lipa City

Mother’s Name : Sabrina Valerio


Father’s Name : Eusebio Valerio

Occupation : Businessman


Elementary : Canossa Academy

Lipa City







BS Marketing Management



Mr. Rey Villegas

High School Teacher

De La Salle Lipa

Mr. Pablo Levita

Barangay Captain

Mataas na Lupa, Lipa City


Louie C. Valerio

Applicant

Name: Marchy Luck Tubigan

Address: Sico, Lipa City



Personal Data

Age : 21

Sex : female

Height : 4’3”

Weight : 70 lbs




Date of Birth : March 16, 1994

Place of Birth : Fernando Air Base Hospital

Mother’s Name : Cecilia Tubigan


Father’s Name : Noel Tubigan

Occupation : decease


Elementary : Fernando Air Base Elementary School

Fernando Air Base, Lipa City







BS Psycology



Mr. Rey Villegas

High School Teacher

De La Salle Lipa

Mr. Jeffrey Villapando

Barangay Captain

Sico, Lipa City


Marchy Luck Tubigan

Applicant

Name: Mark Jay Lajarca

Address: 333Brgy. San Carlos, Lipa City



Personal Data

Age : 22

Sex : male

Height : 5’6”

Weight : 130 lbs




Date of Birth : November 11, 1993


Mother’s Name : Celia Lajarca

Occupation : Businesswoman

Father’s Name : Arnold Lajarca

Occupation : Seaman


Elementary : Lipa South Central School

Brgy 6, Lipa City







BS Mathematics



Mr. Rey Villegas

High School Teacher

De La Salle Lipa

Mr. Ricardo Lajarca

Barangay Captain

San Carlos, Lipa City


Mark Jay Lajarca

Applicant

Name: Shane L. Baet

Address: Sona-Sabang, Lipa City



Personal Data

Age : 21

Sex : female

Height : 5’5”

Weight : 90 lbs




Date of Birth : January 6, 1994

Place of Birth : Lipa City District Hospital

Mother’s Name : Adelaida Baet

Occupation : Housekeeper

Father’s Name : Raynaldo Baet

Occupation : deceased


Elementary : Brion Silva Elementary School

Munting Pulo, Lipa City







BS Industrial Engineering



Mr. Rey Villegas

High School Teacher

De La Salle Lipa

Mr. Fred Lescano

Barangay Captain

Sabang, Lipa City


Shane L. Baet

Applicant

Point of Sales

A. 1.Shakers ( 25.00 php ) - Any fruit but only one ( Mango, Apple, Banana, Pineapple) (5.00 php)- Crushed Ice ( 5.00 php)- Ice Cream ( 5.00 php)- Add Additives (Any) ( 15.00 php)

2. Creamy ( 35.00 php)

- Ice Cream ( 10.00 php)

- Honey ( 10.00 php)

- Add Additives ( 10.00 php )

B. 1. Mango Madness ( 45.00 php) - mango ( 10.00 php)- Crushed Ice ( 5.00 php)- Ice Cream ( 20.00 php)- Food Syrup ( Mango Flavor ) (5.00 php)- Add Additives ( 5.00 php)

2. Banana Burst ( 30.00 php)

- Banana (4.00 php)

- Crushed Ice ( 5.00 php)

- Chocolate Syrup ( 5.00 php)

- Add Additives ( 10.00 php)

3.Awesome Apple ( 45.00 php)

- Apple ( 10.00 php)


- Honey ( 5.00 php)

- Pinipig ( 5.00 php)

4.Pineapple Punch ( 35.00 php)

- pineapple (15.00 php)


- Add Additives ( 10.00 php)

- Honey ( 5.00 php)

5. Fruta Fiesta ( 45.00 php)

- ube (5.00 php)

- banana ( 5.00 php)

- camote ( 5.00 php)

-sago (5.00 php)

- nata de coco ( 5.00 php)

- pinipig ( 5.00 php)

- mango (5.00 php)


- Honey ( 5.00 php)

C. 1. De-light bulbs ( 15.00 php)


- Syrup ( choose any) ( 5.00 php )


Froozy Floor Plan

Documents

Section 3