Aminuddin Bin Abdul Aziz Siti Hadhila Binti Hamzah Nor Aiennienatulnisa Binti Noor Azhar Nurul Farhana Binti Abdul Hadi Amirul Asmaan Bin Ahmad Murad
Aminuddin Bin Abdul Aziz Siti Hadhila Binti Hamzah Nor Aiennienatulnisa Binti Noor Azhar Nurul Farhana Binti Abdul Hadi Amirul Asmaan Bin Ahmad Murad
Aminuddin Bin Abdul Aziz Siti Hadhila Binti Hamzah Nor Aiennienatulnisa Binti Noor Azhar Nurul Farhana Binti Abdul Hadi Amirul Asmaan Bin Ahmad Murad
Telephone: 06-4414168
Fax Number: 03-33299479
E-mail: [email protected]
Forms of Business: 3 in 1 furniture
Main Activities: Making furniture
Date and Number of Business 15th Mei 2016
Registration:
Date of Commencement: 15th January 2016
1.Initial Capital :
General
Manager
POSITION NO OF PERSONNEL
General Manager 1
Administration Manager 1
Marketing Manager 1
Operational Manager 1
Financial Manager 1
TOTAL 5
3. SCHEDULE OF REMUNERATION
2. TARGET MARKET
The target market for our product is adults and family.
Adults - The adults who want to get married usually want something
that they could afford.
Family – The children grow up and they always need new things, so we
providing a multi-purpose furniture to save the spaces in the house.
3. MARKET SIZE
Market size is total potential purchase that is expected from the target
market.
Sales per year: RM2,176,560
The total of market size is RM181,380 per month.
4. COMPETITORS
The similarity between our company and the competitors are we are
producing the furniture:
• Ikea
• Benithem Sdn. Bhd
• Lorenzo
5. MARKET SHARE
IKEA 50 45
Lorenzo 20 20
March RM120,200
April RM190,000
May RM110,100
June RM180,400
August RM113,220
September RM120,600
October RM185,100
TOTAL RM2,176,560
7. MARKETING STRATEGY
PRICE: RM 300
1. Discount Pricing
Discount pricing is for those who is order more than one product or for
those is paying using full payment.
2. Promotional Pricing
The first month which is January and the last month of the year which is
December to be the months for our promotional pricing.
7. MARKETING STRATEGY
PROMOTION
I. Twitter/Facebook
II. Flyers
III. Newspaper
IV. Magazine
Home Decor is a decor magazine that prides itself in making stylish
Living easy.
8. MARKETING BUDGET
Combine all the palette woods based on the design prepared by drill it
with the nails.
Polish the palette woods and eliminate the unwanted things after the
palette woods have been combined altogether.
Position No of Personnel
Drilling Operator 4
Cutter Operator 3
Sander Operator 2
4. SCHEDULE OF REMUNERATION
TOTAL RM
14,630.65
5. OPERATION OVERHEAD
1 Water 500
2 Electricity 1000
5 Cleaner 200
6 Rental 3000
TOTAL RM 5850
6. OPERATION BUDGET
Particulars Fixed assets Monthly (RM) Others (RM) TOTAL (RM)
(RM)
Fixed Assets
Machinery & Equipments 10,650 10,650
Other Requirement
Deposit - -
Registration & Licences 300 300
Other Expenses - -
TOTAL 20,650 23,299.65 2,700 46,649
7. OPERATION BUDGET
VIOLET THE CARPENTER
PROJECT IMPLEMENTATION COST & SOURCES OF FINANCE
Project Implementation Cost Sources of Finance
Requirements Cost Loan Hire-Purchase Own Contribution
Existing F. Assets
Fixed Assets Cash
Land & Building -
furniture and fittings 12,400 - 5,900 6,500 -
office renovation 12,000 - - 12,000 -
vehicle 10,000 - - - 10,000
CASH INFLOW
Capital (Cash) 47,088 47,088
Loan 48,620 48,620
Cash Sales 150,500 210,410 120,200 190,000 110,100 180,400 220,100 113,220 120,600 185,100 120,100 455,830 2,176,560 2,328,919 2,561,811
Collection of Accounts Receivable
TOTAL CASH INFLOW 95,708 150,500 210,410 120,200 190,000 110,100 180,400 220,100 113,220 120,600 185,100 120,100 455,830 2,272,268 2,328,919 2,561,811
CASH OUTFLOW
Administrative Expenditure
Salaries+EPF+SOCSO 12,049 12,049 12,049 12,049 12,049 12,049 12,049 12,049 12,049 12,049 12,049 12,049 144,588 144,588 144,588
Utilities 570 570 570 570 570 570 570 570 570 570 570 570 6,840 6,840 6,840
office rental 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 48,000 48,000 48,000
office supplies 167 167 167 167 167 167 167 167 167 167 167 167 2,004 2,004 2,004
Petrol 500 500 500 500 500 500 500 500 500 500 500 500 6,000 6,000 6,000
Marketing Expenditure
Flyers 400 400 400 400 400 400 400 400 400 400 400 400 4,800 4,800 4,800
Mgazine 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 24,000 24,000
Newspaper 1,488 1,488 1,488 1,488 1,488 1,488 1,488 1,488 1,488 1,488 1,488 1,488 17,856 17,856 17,856
Operations Expenditure
Cash Purchase
Payment of Account Payable 3,519 17,534 10,017 15,833 9,166 15,033 18,342 9,435 10,050 15,425 10,008 134,362 172,348 194,073
Carriage Inward & Duty 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 24,000 24,000
Salaries, EPF & SOCSO 14,631 14,631 14,631 14,631 14,631 14,631 14,631 14,631 14,631 14,631 14,631 14,631 175,568 175,568 175,568
Machine maintenance 800 800 800 800 800 800 800 800 800 800 800 800 9,600 9,600 9,600
Petrol 500 500 500 500 500 500 500 500 500 500 500 500 6,000 6,000 6,000
utilities 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 22,200 22,200 22,200
Other Expenditure
Pre-Operations
Deposit (rent, utilities, etc.) 12,000 12,000
Business Registration & Licences 800 800
Insurance & Road Tax for Motor
Vehicle 3,200 3,200 3,200 3,200
Other Pre-Operations Expenditure
Fixed Assets
Purchase of Fixed Assets - Land
& Building
Purchase of Fixed Assets - Others 26,350 26,350
Hire-Purchase Down Payment 6,500 6,500
Hire-Purchase Repayment:
Principal 265 265 265 265 265 265 265 265 265 265 265 265 3,180 3,180 3,180
Interest 66 66 66 66 66 66 66 66 66 66 66 66 795 795 795
Loan Repayment:
Principal 810 810 810 810 810 810 810 810 810 810 810 810 9,724 9,724 9,724
Interest 203 203 203 203 203 203 203 203 203 203 203 203 2,431 1,945 1,459
Tax Payable 0 0 0 0
TOTAL CASH OUTFLOW 48,850 42,299 45,818 59,833 52,316 58,132 51,465 57,332 60,641 51,734 52,349 57,724 52,307 690,798 682,648 703,886
CASH SURPLUS (DEFICIT) 46,858 108,201 164,592 60,367 137,684 51,968 128,935 162,768 52,579 68,866 132,751 62,376 403,523 1,581,470 1,646,271 1,857,925
BEGINNING CASH BALANCE 46,858 155,059 319,651 380,019 517,703 569,671 698,606 861,374 913,954 982,820 1,115,571 1,177,947 1,581,470 3,227,742
ENDING CASH BALANCE 46,858 155,059 319,651 380,019 517,703 569,671 698,606 861,374 913,954 982,820 1,115,571 1,177,947 1,581,470 1,581,470 3,227,742 5,085,666
DEPRECIATION OF FIXED ASSETS
9 0 0 - 9 0 0 -
10 0 0 - 10 0 0 -
Fixed Asset Machinery and Equipment
Cost (RM) 10,650
Method Straight Line
Economic Life (yrs) 5
Annual Accumulated Fixed Asset Delivery Lorry
Year Depreciation Depreciation Book Value Cost (RM) 10,000
0 - - 10,650
Method Straight Line
1 2,130 2,130 8,520
2 2,130 4,260 6,390 Economic Life (yrs) 5
3 2,130 6,390 4,260
Annual Accumulated
4 2,130 8,520 2,130
5 2,130 10,650 - Year Depreciation Depreciation Book Value
6 0 0 -
0 - - 10,000
7 0 0 -
8 0 0 - 1 2,000 2,000 8,000
9 0 0 -
2 2,000 4,000 6,000
10 0 0 -
3 2,000 6,000 4,000
Fixed Asset Signboard 4 2,000 8,000 2,000
Cost (RM) 3,200
5 2,000 10,000 -
Method Straight Line
Economic Life (yrs) 5 6 0 0 -
Annual Accumulated
7 0 0 -
Year Depreciation Depreciation Book Value
0 - - 3,200 8 0 0 -
1 640 640 2,560 9 0 0 -
2 640 1,280 1,920
3 640 1,920 1,280 10 0 0 -
4 640 2,560 640
5 640 3,200 -
6 0 0 -
7 0 0 -
8 0 0 -
9 0 0 -
10 0 0 -
LOAN & HIRE-PURCHASE AMMORTISATION SCHEDULE
Total Principal
Principal
Year Principal Interest Payment Balance
Year Principal Interest Total Payment Balance
0 - - 48,620
0 - - 15,900
1 9,724 2,431 12,155 38,896
1 3,180 795 3,975 12,720
2 9,724 1,945 11,669 29,172
2 3,180 795 3,975 9,540
3 9,724 1,459 11,183 19,448
3 3,180 795 3,975 6,360
4 9,724 972 10,696 9,724
4 3,180 795 3,975 3,180
5 9,724 486 10,210 -
5 3,180 795 3,975 -
6 0 0- -
6 0 0 - -
7 0 0- -
7 0 0 - -
8 0 0- -
INCOME STATEMENT
VIOLET THE CARPENTER
PRO-FORMA INCOME STATEMENT
Less: Enpenditure
Administrative Expenditure 207,432 207,432 207,432
Marketing Expenditure 46,656 46,656 46,656
Other Expenditure 0 0 0
Business Registration & Licences 800
Insurance & Road Tax for Motor Vehicle 3,200 3,200 3,200
Other Pre-Operations Expenditure 0 0 0
Interest on Hire-Purchase 795 795 795
Interest on Loan 2,431 1,945 1,459
Depreciation of Fixed Assets 11,750 11,750 11,750
Operations Expenditure 213,368 213,368 213,368
Total Expenditure 486,432 485,146 484,659
Net Profit Before Tax 1,493,780 1,625,700 1,839,672
Tax 0 0 0
Net Profit After Tax 1,493,780 1,625,700 1,839,672
Accumulated Net Profit 1,493,780 3,119,481 4,959,152
BALANCE SHEET PROFORMA
Owners' Equity
Capital 57,088 57,088 57,088
Accumulated Profit 1,493,780 3,119,481 4,959,152
1,550,868 3,176,569 5,016,240
Long-Term Liabilities
Loan Balance 38,896 29,172 19,448
Hire-Purchase Balance 12,720 9,540 6,360
51,616 38,712 25,808
Current Liabilities
Accounts Payable 37,986 59,711 79,118