Washing Machine Report UITM

7/26/2019 Washing Machine Report UITM

1/45

Entrepreneurships

ent 600)

Group Members :

1. FAIZ SHAFIQ BIN ZAILI

2. MOHAMAD KHIR ZAHARI BIN HARIP

3. NUR SHAFIQAH BINTI KHAIRUDDIN

4. NUR AMALINA BINTI AHMAD TAIFUDDIN

5. NURFARAHIN FATIHA BINTI SUHAIMI

Submited date:-

20.19.2014


2/45

2

TABLE OF CONTENTS

COVER

TABLE OF CONTENTS

THE BODY OF BUSINESS BLUEPRINT

1. EXECUTIVE SUMMARY

2. PRODUCT/SERVICE DESCRIPTION

3. TECHNOLOGY DESCRIPTION

4. MARKET ANALYSIS AND STRATEGIES

5. MANAGEMENT TEAM

6. FINANCIAL ESTIMATES

7. PROJECT MILESTONES

8. CONCLUSIONS

9. APPENDICES


3/45

3

1.0 Executive Summary

SKIF Company have new product to introduce to the consumers which is the Portable Mini

Washing Machine. Our company is targeting in supply for washing machine since it is people daily

routine to wash clothes. Portable Mini Washing Machine is a customer- friendly which is helps

people saving time and ease to wash clothes. As many years passed by, the living accommodation

cost is always increasing. Nowadays, there are some people cannot afford to buy a washing

machine that is increasingly sophisticated. Therefore, Portable Mini Washing Machine can help

the consumer to have washing machine that are affordable and easy to use. Overall marketing

strategy will be included specific marketing philosophy and strategy of the company, the value

chain and the channel of distribution in the target market. First of all, our target market will be

based on the residence in Shah Alam area since our company was nearby Shah Alam. For initial

intensive selling effort, our company has set the target customers in other words, types of customer

groups that would buy our product. Our target customer is for students that staying in hostel and

secondly is the people that always travel or outstation. The lastly, our target customer is the family

residence which maybe cannot afford the high technology washing machine nowadays. The

product is designed to save time and ease in washing clothes. It will ease and minimise the time

for people that are always busy. The price is reasonable and there is no physical energy used. Our

company target for production in 2nd year we will target to increase it by RM 1 500,000. The

management team in our company consist of several sections and is conducted by experienced

employee to make sure our company is run efficiently.


4/45

4

2.0 Product Description

The product of S.K.I.F Company would like to produce the Portable Mini Washing Machine. The

washing machine is unique, compact design and portable. The function of this portable mini

washing machine are washing and drying cloth as same as normal washing machine. Its load

capacity is about 3.5kg-4.0kg and its dimension is 52cm x 37cm x 35cm. It is surprisingly effective

despite their small size. Though it average a little less than half the load capacity of regular-sized

washing machines, this portable washing machine will washing clothes just as clean as a normal

washing machine. Furthermore, the weight of this mini washing machine is 8 kg. Thus, the

compact nature of portable washers makes them much more manageable to lug around than

commercial-sized machines. Plus, this portable mini washer can fit almost anywhere.

Then, the product can save time, water, money and energy used. The smaller load sizes equals less

water and detergent used which its meaning can save money. If we live in the apartment or small

house that not have enough space for home appliances such as washing machine, we need to go to

laundromat (self-service laundry shop) to wash our clothes that maybe can waste our time and

energy for others important thing to do. So, this portable washing machine can solve our problem

in addition to save our time and energy. It also can be washing simultaneously and operates in low

noise (less than 60dB) and smooth. Then, the power usage is 220V/300W/50Hz that is very low

in saving electric energy. This product is made of plastic body with the best quality that has high

resistance to rusting. It is also available in three colors which are blue, red and purple. It may not

come in flashy colors, but the product featured design properties is unique such as has adjustable

legs for stability on uneven surfaces and installable plates for quieter operation. This portable mini

washing machine is rated ease of use on features like dispensers for detergent, softener and bleach,

has two timers (one for washing and another one for drying), automatic water levels and safety

precautions such as one that prevents the washing machine from operate while the lid is open.


5/45

5

3.0 TECHNOLOGY DESCRIPTION

Nowadays, when we go out to market to buy any appliance, we have no idea on what

type of appliance that we should buy in order to fits our need and efficient to us. Finding the

right one may be challenging since we want the best appliance to make us feel easy and save our

time. Washing machines are no different. For more than six decades, there has been little

innovation in domestic laundry. From year to year, there have been at best, marginal increases in

the effiency of laundry systems. Therefore, with the goal of placing a washing machine in every

household we have develop a new technology called Mini Portable Washing Machine and Dryer

in which it is easy, fast and safe to be used.

The Mini Portable Washing Machine and Dryer is Automatic washing machine in which

the machine not only washes the clothes but also extracts most water out of it after washing. This

machine equipped with dryer with sensor dry-automatically turns off when your clothes are dry.

The operation is simple and the machine lid with handle for easy open. The power consumption is

only 135-200W and the energy used is less. This is top loading design or vertica-axis clothes

washer. The clothes are place in a vertically mounted perforated basket that is contained within a

water-retaining tub, with a finned water-pumping agitator in the center of the bottom of the basket.

Clothes are loaded through the top of machine which is covered with a hinged door.

We used alternating current motor because AC motor work with a slightly different way:

they pass alternating current through opposing pairs of magnet to create a rotating magnetic field,

which induces (creates) a magnetic field in the motors rotor, causing it to spin around.

Compared to DC, AC has ability to efficiently distribute power at low voltages. It is important in

developing technology we use low voltage value because we can cut cost and make it more

efficient to use since it is portable. The washing machine made of high quality engineering plastics,

not easy to change type and light in weight. Plastic possess very good strength and toughness. Also

good shock absorption capacity. They also have low thermal expansion of co-efficient and posses

good thermal and electrical insulating property.


6/45

6

Motor voltage rating 220 V AC

Power consumption 200-300W

Net Weight 05 kg

Maximum machine weight allowable 4.5 kg

Rated Frequency 50/60Hz

Tub Materials Plastics

Power Source Electrics

Dimension 34 mm x 300 mm x 450 mm


7/45

7

4.0 MARKET ANALYSIS AND STRATEGY

Market size is the estimation how big our market can be in our market area. In order to determine

the market size in the area, we might have one of our staff to stand with a clipboard and a sample

product in front of the space and ask pedestrians if they would frequent such an establishment.

They will stop by theyself once and our salesmarketer will make a demo on how to use it. This

also will be particularly important when planning a budget. For every company, marketing plan is

the most important part of the business.

There are no uses of good quality product if the company fails to sell the product maximally. The

good marketing plan should study about the customer behavior, what the customer's needs and

wants, which are the potential buyers and how to satisfy the customers.

Customer

For our business, we did some research for the targeting customers. We have classified our

customers in some categories. They are students,traveller and family. Because of limited resources

and competition in our market, we hesitant that we are able to sell our product with equal efficiency

and services to the entire market. Therefore, before we decide which market to enter, we analyze

the best potential buyers using market division. We divided our market division into three groups

to offer our product with different market mix:

Group 1: students

Group 2: travellers/backpackers

Group 3: family

Students always have their own time with the studies and most of the time they will use to the

things that has been priorities.They will choose the simplest and easiest way to make their life

complete.This is one of the way we proposed and students be our target market.Our next target customer in the market is travller and backpackers.Customer like this will find the

lighter and smaller equipment to occupy their bags.This product was very compatible and suitable

for the customers range like this.


8/45

8

Other target customer was family.Some of the family were very busy in their life with the job and

time to manage were very limited.This is one of the alternative besides using the normal washing

machine which is have to handle at the right place,time and others.

Market Size and Trends

The size of the current total market is thoroughly taken consecutively since early 2012 until end

of the year 2012. As visualized, the size of the current total market in january 2012 is 200 units

based on per month. The end of disember 2012 is about 2400 units. In the following year, the total

size is much better among those after year 2012 when achieved to 2400 units.The following years

will be under supervission in order to sustain the sales also product in and out.

0

50

100

150

200

250

1 2 3 4 5 6 7 8 9 10 11 12

units

month

Series 1


9/45

9

Table 4.2 : Major Competitors

4.3 Competition and Competitive Edge

As we can see from comparison table above, there are four (4) main competitors with the same

interest. The four main competitors are Techshop Enterprise, Northronic Sdn Bhd, Grand Spectra

Sdn Bhd and Jardi Jaya Enterprise. Many costumers are preferably to go among these four

companies due to their strengths in marketing. However, there are some weaknesses for these

companies. We successfully encountered their strengths and weaknesses as shown in the table

above. This is to ensure that our company is different and far better than them.

As for us we provide better quality,affordable,compatible and reasonable price, simple yet

new and advanced technology, good service, friendly workers, and maintenance free. By providing

all these features, we are not only giving benefits to our business but also we prioritized our

customers. They will find our new service is better than others could offer. This will help to

improve and to show others that we are also competent as we successfully create such technology

which is the first in country. This will make our competetors not in a comfortable surroundings.

Competitors Strengths Weaknesses

Techshop Enterprise - high quality of materials

- most expensive

- Not have too much

Experience

Northronic Sdn Bhd - one year warranty - most expensive

Grand Spectra Sdn Bhd- cheapest product among all

- no warranty

Jardi Jaya Enterprise- good service

- They have many

competitors

even the location are

strategic


10/45

10

The fundamental value that had been added to our service is the main thing about customer

satisfaction and guarantee. Customers are always right, that what we use. To make sure customer

is always right, the review of our service and product is continuously. This can ensure customer

feel good,easier and happy with service given and product sell, also, increase marketing of

company.


11/45

11

4.4 Estimated Market Share and Sales

4.4.1 Market Share

Market share before SKIF COMPANY enter

Market share after tree month SKIF COMPANY enter

Techshop

Enterprise

Jardi Jaya

Enterprise

Northronic

Sdn Bhd

Grand

Spectra Sdn

Bhd

Techshop

Enterprise

Jardi Jaya

Enterprise

GrandSpectra Sdn

Bhd

Northronic

Sdn Bhd

SKIF

Company


12/45

12

4.5 Marketing Strategy

4.5.1 Strengths and Weakness of Competitors

Our product has several competitors such as Techshop Enterprise, Northronic Sdn Bhd, Grand

Spectra Sdn Bhd and Jardi Jaya Enterprise. and others. All competitors have their own strengths

and weaknesses.

In general, all the competitors strengths are:

They have a stable financial with a good reserve of equity due to their amount of years the

company has established in the market.

Their company is well-known.

They have regular customers.

The qualities of their products are proven.

They have good promotion strategies.

They provide good services.

They have good in take over the customer

The competitors weaknesses are:

They sell their product with higher price.

They dont have any market plan for their customers.

The location is not suitable.

The working hours is not flexible

From our researched, we decide that our marketing strategy is based on marketing mix. Below

are the results of the research:

Product

SKIF COMPANY provides the product where the customers can get many benefit from using

our product.

Price

We promote the product in a lower price compare to other competitor


13/45

13

Location

We locate our company at the strategic place that easily for customer

to come and buy it.

Promotion

For the promotion, we use the pamphlet to approach our market target. Apart from that, we also

uses our communication skills in direct selling to persuade the customers and convince them that

our product can give more benefit to them.

4.5.2 Overall Marketing Strategy

For our productMini Portable Washing Machine, we have come out with some business strategies

in order to deliver a convincing promotion:

Signboard or signage at appropriate place and clearly visible.

Provide delivery services to the costumer who has order the product and that will make easier for

customer to take order.

We will spread widely the pamphlet to the customer and others to promote our product

4.5.3 Sales Tactics

SKIF Company sales tactics are enforced by its sales forces and direct mail. Marketing department

has already assisted by sales forces hired by top management in order to distribute company

information and to promote product specialties to customers. Moreover, SKIF Company has

developed its own website which initiated by those sales forces and quality control department.

Through mail, it will be more convenience for customers to reach companys products and thus

own them via internet purchasing which is easier, faster, and most importantly secured.


14/45

14

4.5.4 Advertising and Promotion

Business Card

All the board of company directors will be provide with business card as an advertising method

when dealing with the customers.

Pamphlet

We use high quality and attractive pamphlets to give good perception to our customers together

with the information about our company.

Signboard

We used high quality and coloring signboard at nearest area to attractive customers assumes them

to visit and gain to try in our company.

Website

4.5.6 Distribution

1. Distribution to Students

Supplier

retailer

customer/students


15/45

15

2. Distribution to traveller/backpackers

3. Distribution to family

Supplier

Retailer

Traveller/backpacker

Supplier

Retailer

Family


16/45

16

5.0 MANAGEMENT TEAM

MANANGEMENT TEAM

5.1 Organization and Organization Chart

(a)Key management roles in Creative Inventor Company

Key Management Roles Name

Executive Manager Mohamad Khir Zahari Bin Harip

Financial Manager Faiz Shafiq Bin Zaili

Marketing Manager Nur Shafiqah Binti Khairuddin

Operational Manager Nur Amalina Binti Ahmad Taifuddin

Project Team Manager Nurfarahin Fatiha Binti Suhaimi


17/45

17

(b)Excessive overhead required for executive role

There are few overhead required for executive role for our new product which is portable

washing machine and in the same time want to increase the competitiveness of SKIF Company.

An excessive overhead was required is as followed:

i. Finance specialist: To control the marketing and financial for the SKIF Company

ii. Supervisor:Supervisor will support the team organization and observe the creativeness

and quality of the team especially when their key employees have a duty outside the office.

iii. Professional operation worker:Will make sure the quality check for the raw material of

the product import from other companies besides control the export of the products for

maintenances and the security of the product.

ExecutiveManager

Mohammad Khir Zahari Bin Harip

FinancialManager

Faiz Shafiq BinZaili

MarketingManager

Nur ShafiqahBinti

Khairuddin

OperationalManager

Nur AmalinaBinti Ahmad

Taifuddin

Project TeamManager

Nurfarahin FatihaBinti Suhaimi


18/45

18

5.2 Key Management Personnel

a) Career Highlights

Names and Positions Career Highlights

Mohamad Khir Zahari Bin Harip

(Executive Manager)

Academic Qualification: Bachelor Degree

(Hons.) Chemical Engineering and Process

Course Attended;

i. Entrepreneurship Course

ii. Business Seminar with Dr. Azizan

Skills;

i. Fluent in Bahasa Malayu, English and

Japanese Language

ii. Good in Leaderships

iii. Familiar with Microsoft Office, Power

Point and Excel

Experiences:

i. Financial Manager at Pharmaceutical

Sdn.Bhd

ii. Marketing Manager In Bank Rakyat


19/45

19

Faiz Shafiq Bin Zaili

(Financial Manager)



Course Attended:

Entrepreneurship Course

Skills:

i. General Knowledge On Financial

ii. Skillful In Budgeting of Product

iii. Fluent in Bahasa Malayu, English and

Mandarin Language

Experiences;

i. Have a business experience

Nur Shafiqah Binti Khairuddin

(Marketing Manager)

Academic Qualification: Bachelor

Degree (Hons.) Chemical Engineering

and Process

Course Attended:

i. Technopreneurship Seminar with

MEDEC

Skills;

i. Fluent in Bahasa Melayu, English and

Mandarin

ii. Good in Planning Marketing Strategy


20/45

20

Experiences;

- Marketing Manager (Jusco)

Nur Amalina Binti Ahmad Taifuddin

(Operational Manager)



Course Attended:

i. Entrepreneurship Course

ii. Operational Management with

SME Corp.

iii. Entrepreneurship with MEDEC

Skills;

i. Fluent in Bahasa Melayu, English and

Mandarin

ii. Excellent in manage the operationwork

Experiences;

Human Resource Manager (LHDN)

Nurfarahin Fatiha Binti Suhaimi

(Project Team Manager)




21/45

21

Course Attended:

i. Technopreneurship Seminar with

MEDEC

ii. Entrepreneurship Course

Skills;

i. Fluent in Bahasa Melayu,

English and Mandarin

Experiences;

Support team supervisor

(Barrys Callebaut)

b) Duties and Responsibilies

Names and Positions Duties and Responsibilities

Mohamad Khir Zahari Bin Harip

(Executive Manager)

Lead the direction of the project and manage the

team.

Find the aims and try to achieve with determining

the vision and the mission of the company.

Plan the management of the business with the

strategic strategy of the business


22/45

22

Supervise all activities and employees to make sure

they performing in their task.


(Financial Manager)

Responsible in controlling the company's finance..

Arrange and manage the loan payment and product

profit.

Prepare business annual budged.

Present statements and financial report.

Arrange employees salary.

Nur Shafiqah Binti Khairuddin

(Marketing Manager)

Researching and reporting on external

opportunities

Understanding current and potential customers

Developing the marketing strategy and plan

Nur Amalina Binti Ahmad Taifuddin


Monitoring the working procedure.

Ensure the maintenance of quality product and

quality control.

Supervise the assembling process of portable

washing machine.

Monitor the request stock to be purchased

Ensure all equipment and materials in good quality.

Managing change of technical side


23/45

23

Nurfarahin Fatiha Binti Suhaimi


Ensuring that change management is related with

the project by providing the appropriate resources

such as in budgeting, personnel and time.

Arrange the change management strategy into the

technical side to plan and create one smooth project

plan.

5.3 Management Compensation and Ownership

Names and Positions Monthly Salary Share of Ownership Amount of Equity

Invested

Mohamad Khir Zahari Bin

Harip

(Executive Manager)

RM2000 40% RM30000

Faiz Shafiq Bin Zaili(Financial Manager)

RM1500 20% RM20000

Nur Shafiqah Binti

Khairuddin

(Marketing Manager)

RM1500 20% RM15000

Nur Amalina Binti Ahmad

Taifuddin


RM1500 20% RM15000

Nurfarahin Fatiha Binti

Suhaimi

Rm1500 20% RM15000


24/45

24


5.4 Supporting Professional Advisor and Services

Supporting Services Required

There are many services that required for our new product which is portable washing machine and

in the same time want to increase the competitiveness of SKIF Company. A service that was

required is as followed:

Technical Support

Product Repair

Product Returns Management

To control the technical machines where it used in the production product, technical support

services needed. There are also need product repair services for repairing the equipment and

machines damage.

Product returns management services which are specialized in product returns, return

consolidation and inspection of returned product. Due to this service it will help the company to

recover and return excess goods, providing a better return process to the customers. This also

allowed the company to properly dispose and recover our product


25/45

25

6.0 FINANCIAL PLAN

1 Product buy prices:-RM150

1 Product Sell prices :- RM 250

Our target in 1 month buy :- 200 unit =RM 30, 000

Our target in 1 month sell :- 200 unit =RM 50,000

Sales and Purchase Projection

Sales Projections RM

January 2012 50,000

February 2012 50,000

March 2012 50,000

April 2012 50,000

May 2012 50,000

June 2012 50,000

July 2012 50,000

August 2012 50,000

September 2012 50,000

October 2012 50,000

November 2012 50,000

December 2012 50,000

Total 2012 600,000

Total 2013 600,000

Total 2014 600,000

Sales Collections

In the month of sales 100%

One month after sales 0%

Two months after sales 0%

Purchase Projections RM

January 2012 30,000

February 2012 30,000

March 2012 30,000

April 2012 30,000

May 2012 30,000

June 2012 30,000

July 2012 30,000

August 2012 30,000

September 2012 30,000

October 2012 30,000

November 2012 30,000

December 2012 30,000

Total 2012 360,000

Total 2013 360,000

Total 2014 360,000

Purchase Payments

In the month of purchase 100%

One month after purchase 0%

Two months after purchase 0%


26/45

26

FINANCIAL ESTIMATE

Names and Positions Monthly Salary Employees

Provident Fund

(EPF) 12%

Social Security

Organization

(SOCSO) 2%

Mohamad Khir Zahari Bin

Harip

(Executive Manager)

RM2000 RM240 RM40


(Financial Manager)

RM1500 RM180 RM30

Nur Shafiqah Binti

Khairuddin

(Marketing Manager)

RM1500 RM180 RM30

Nur Amalina Binti Ahmad

Taifuddin


RM1500 RM180 RM30

Nurfarahin Fatiha Binti

Suhaimi


Rm1500 RM180 RM30


27/45

27

6.1 START-UP COST

A. START-UP COSTS (Estimated

COST) RM

Estimated

Economic

Life

(Years)

Administrative/Organisation

Land &building -

Business fixtures and equipment 5000 2

Office Supplies 10,000 3

Advertising for opening 4000 5

Legal and Professional fees 500 5

Sales/Marketing

Signboard 3000 5

Operations/Technical

Lorry 40,000 5

Total 62500


28/45

28

6.2 WORKING CAPITAL

Pre-Operating & Incorporation

Costs (one-off)

RM

Development Cost -

Business Incorporation 5000

Deposit(rent,utilities,etc) 10,000

Other pre-operating &

Incorporation costs

Sales & Marketing Costs

(Monthly)

Delivery expenses 500

Advertising(flyer) 500

Salesman Commission 100

General & Administrative Costs

(monthly)

Utilities 1000

Salaries, Wages, EPF & SOCSO 9120

Operation & Technical Cots

(monthly)

Purchase of Raw Material/Goods 30000

Carriage Inwards -

Salaries, Wages, EPF & SOCSO 2052

Other Expenditure (annually)

Business registration and

Licenses

670

Other expenditure 1000


29/45

29

Insurances and Road Tax for

Motor Vehicle

3000

Total Pre-Operations & Working

Capital Expenditure

62,942

Annual Increase in Working Capital (if any)

Years 2 0%

Years 3 0%

Tax Rates

Years 1 25%

Years 2 25%

Years 3 25%


30/45

30

6.3 START-UP CAPITAL AND FINANCING

Each board member is doing personal loan and provides RM 125,442 for the company at the

initial stages as our capital.

Capital Expenditure CostOwn Contributions

LoanHire-

PurchasCash

Existing F.

Assets

Land & Building-

Business Fixtures and

Equipment5,000

5,000

Offices supplies 10,00010,000

Advertising for opening 4,000 4,000

Legal and professional fees 500 500

Signboard 3,000 3,000

-

-

-

-

Loryy 40,00040,000

-

-

Working Capital

Sales & Marketing Costs

(monthly)1,100

1,100

General & Administrative

Costs (monthly)10,120

10,120

Operations & Technical Costs

(monthly)32,052

32,052

Pre-Operating &

Incorporation Costs (one-off)15,000

15,000

Other Expenditure (annually) 4,670 4,670

Provision for Contingencies-

TOTAL 125,442 75,442 10,000 40,0


31/45

31

Proposed Terms of Loan (if required)

Interest rate 5%

Loan tenure (years) 10

Proposed Terms of Hire-Purchase (if

required)

Interest rate 5%

Tenure (years) 5


32/45

32

6.5 INCOME STATEMENT

Note 1

Cost of Sales

Opening inventory 0

Add: Total Purchases 360,000 360,000 360,000Carriage Inwards & Duty

Less: Ending Inventory

Total 360,000 360,000 360,000

Years 2012 2013 2014

Sales 600,000 600,000 600,000

Less: Cost of Sales (Notes 1 & 2) 360,000 360,000 360,000Gross Profit 240,000 240,000 240,000

Less: Expenditure

Pre-Operating & Incorporation Expenditure 5,000

General & Administrative Expenditure 121,440 121,440 121,440

Sales & Marketing Expenditure 13,200 13,200 13,200

Operations & Technical Expenditure 24,624 24,624 24,624

Other Expenditure 4,670 4,670 4,670

Interest on Hire-Purchase 2,000 2,000 2,000

Interest on Loan 500 460 419

Depreciation of Fixed Assets 15,333 15,333 15,333

Total Expenditure 186,767 181,728 181,686

Net Income Before Tax 53,233 58,272 58,314

Tax 13,308 14,568 14,579

Net Income After Tax 39,925 43,704 43,736

Accumulated Net Income 39,925 83,629 127,364


33/45

33

SUMMARY Total Sales Total

Expenditure

Net

Income

2012

600,000

186,767 39,925

2013

600,000

58,272 43,704

2014

600,000

58,314 43,736


34/45

34

6.4 Cash Flow Statement

20

12

MONTHLY

CASHFLOW

2012

2013 2014

MONTH

Pre-

Operations

January

February

March

April

May

June

July

August

September

October

November

December

CASHINFL

OWCapital(Cash)

75,442

75,442

0 0

Loan

10,000

10,000

0 0

CashSales

50,00

0

50,00

0

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

600,

000

600,000

600,000

CollectionofAccountsReceivable

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

TOTALCASHRECEIPT

85,442

50,00

0

50,00

0

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

685,

442

600,000

600,000

CASHOUTFLOWPre-operating&

15,000

15,000


35/45

35

IncorporationExpenditureSales &MarketingExpenditure

1,100

1,100

1,100

1,100

1,100

1,100

1,100

1,10

0

1,100

1,10

0

1,100

1,100

13,200

13,20013,20

0

General&AdministrativeExpe

nditure

10,12

0

10,12

0

10,120

10,120

10,120

10,120

10,120

10,120

10,120

10,120

10,120

10,120

121,

440

121,440

121,440

Operations &TechnicalExpenditure

32,05

2

32,05

2

32,052

32,052

32,052

32,052

32,052

32,052

32,052

32,052

32,052

32,052

384,

624

384,624

384,624

OtherExpe

nditure

4,670

4,67

04,670 4,670

PurchaseofFixedAssets

22,500

22,500

Hire-PurchaseRep

ayment:

Principal

667

667

667

667

667

667

667

667

66766

7667 667

8,00

08,000 8,000

Interest

167

167

167

167

167

167

167

167

16716

7167 167

2,00

02,000 2,000

LoanRep


36/45

36

ayment:Principal

66 6666

66

66

66

66

66 66 66 66 6679

5 835 877Interest

42 4242

42

42

42

42

42 42 42 42 4250

0 460 419TaxPayable

0 0 0 0 0 0 0 0 0 0 0 13,308

13,308

14,56814,57

9

TOTALCASHOUTFLOW

37,500

48,88

3

44,21

3

44,213

44,213

44,213

44,213

44,213

44,213

44,213

44,213

44,213

57,521

586,

037

549,797

549,808

CASHSURPLU

S(DEFICIT)

47,

942

1,1

17

5,7

87

5,7

87

5,7

87

5,7

87

5,7

87

5,7

87

5,

787

5,7

87

5,

787

5,7

87

(7,5

21)

99

,405

50,203

50,19

2

BEGINNINGCASHBALANCE

47,94

2

49,05

9

54,845

60,632

66,419

72,206

77,992

83,779

89,566

95,353

101,13

9

106,92

60 99,405

149,608

END

INGCASHBALANCE

47,942

49,05

9

54,84

5

60,632

66,419

72,206

77,992

83,779

89,566

95,353

101,13

9

106,92

6

99,405

99,405

149,608

199,800


37/45

37


38/45

38

SUMMARY Total Cash

Inflows

Total Cash

Outflows

Ending

Balance

1 2012 685,442 586,037 99,405

2 2013 600,000 549,797 149,608

3 2014 600,000 549,808 199,800

0 0

0 0


39/45

39


40/45

40

6.6 BALANCES SHEET

2012 2013 2014

ASSETS

Non-Current Assets

(Book Values)

Land & Building

Other Fixed Assets

47167 31833 16500

Other Assets

Deposit

10000 10000 10000

Total 57167 41833 26500

Current Assets

Inventory

Accounts Receivable

Cash Balances

99405 149608 199800

99405 149608 199800

TOTAL ASSETS 156571 191441 226300

Owner Equity

Capital 75442 75442 75442

Accumulated Income 39925 83629 127364

Total 115367 159071 202806

Long-Term

Liabilities

Loan Balance 9205 8370 7494

Hire-purchase

Balance

32000 24000 16000

Total 41205 32370 23494


41/45

41

Current Liabilities

Accounts Payble

Total Equity &

Liability

156571 191441 226300


42/45

42

SUMMARY Total Assets Total Liabilities Total Equity

2012 155571 41205 115367

2013 191441 32370 159071

2014 226300 23494 202806


43/45

43

7.0 PROJECT MILESTONE

Activities Deadlines

Brainstorming about product specification 2011-January-15

Deal with the suppliers product 2011-February-25

Supplier product approved and verified the

retailer

2011-March-23

Identify product description 2011-April-01

Make a survey for market 2011-June-08

Search for a competitor 2011-June-25

Choose the medium for marketing 2011-August-31

Preparation for the launch product marketing 2011-Disember-20

Launch market strategy 2012-January-02

Evaluation for the marketing 2012-Disember-29


44/45

44

8.0 CONCLUSION

In conclusion, Portable Mini Washing Machine is the new hit of portable washing machine in

the market as it easy to use, suitable to students, worker, and other.Morever it easy to bring to any

where becauze it is so lightly. The product come out with multicolor of magenta,blue , orange and

other . SKIF Company has a new product to introduce to the consumers which is the Mini Portable

Washing Machine and Dryer .Our company targeting in supply for washing machine. Mini

Portable Washing Machine and Dryer is a customer friendly which help in saving space in a room,

besides help people to watch their clothes easily anywhere they go. The Mini Portable Washing

Machine is the new hit of washing machine to the customer. First of all, our target market will be

based on the residence in Shah Alam area. Due to that, in Shah Alam, there are a lots of big

universities and college such as Universiti Teknologi MARA (UiTM), Management and Science

University (MSU), UNISEL, and many more. Besides, there are a lot of industrial companies such

as Toyota, Cadbury, Nestle and Alumimium Company of Malaysia. Thus, companies

management will also be our major purchasers. We are targeting the students, employee and the

families. The product is designing for small room, it is light and easy to bring to anywhere. As for

example, for one who wants to go outstation, they can bring this washing machine in order to help

wash their clothes. They dont need to spend their time and money in laundry. Besides, there a lots

of students who rent home here, and sometimes, they cant afford to buy washing machine with

high prices, therefore this Mini Portable Washing Machine and Dryer could help them since the

price of this washing machine is very cheap and reasonable. All in all, we can say our product in

the next-in thing to be bought by any stage of people who want their life easier, save their time

and energy, plus help them to thrifty.


45/45

9.0 APPENDICES

Documents

Washing Machine Report UITM