CHUASON | HONG | LIM | MORENO | SAMPANG |

ABOUT
US
ABOUT SARESA
ABOUT SARESA

healthier than other

chocolate bars on the
market

the only chocolate bar

containing aratiles
 ABOUT SARESA
“Our mission is to show our customers

that we have local fruits such as Aratiles

that our country can be proud of and that it

has the capabilities to provide

sweetness, health benefits, and

nostalgic memories.”
 ABOUT SARESA
“Our vision is to provide our customers

sweet snacks with health benefits

by using local resources. We believe
that it is possible for people to enjoy

sweet food and simultaneously, to

maintain a good standard of health.”
 Chocolate
ABOUT THE INDUSTRY

Confectioner
increase in
average retail
3 y 9
price
% growth
*based on data gathered from Euromonitor
THE TARGET MARKET

25-6 years old

0 A-C
socioeconomic classes

health conscious
 COMPETITION ANALYSIS

38.9%
11.1%

8.4%
5.4%

3.2%
7.9%

NBO company shares of chocolate

confectionery
*based on data gathered from Euromonitor
PRODUC
T DESIGN
LOGO
KEY FEATURE

Aratiles
VARIANTS
VARIANTS

light brown

sweet

smooth

creamy
 VARIANTS

dark brown

bittersweet

smooth

creamy
 FORMULATION
35g cocoa butter 12.5g cocoa powder

16g coco sugar 20g dried aratiles

15.5g milk powder 1g soy lecithin

 FORMULATION
37.8g cocoa butter 25.2g cocoa powder

16g coco sugar 20g dried aratiles

1g soy lecithin
PRODUCT DIMENSIONS

11.6cm

1cm

6.6cm
PACKAGING

foil wrapper

paper wrapper
PACKAGING
PACKAGING
PACKAGING
PACKAGING
PACKAGING
DEMAND
FORECAS
T
 TARGET
DISTRIBUTION CHANNELS

97.4%
of chocolate
confectionery sales in
2018 will come from
grocery retailers

*based on data gathered from Euromonitor

 MARKET SIZE

Projected Sales for 2018

19,659.51
(in Php millions)

Philippine Households in the Class A-C

81.38%
Bracket

Philippine Class A-C

Chocolate Confectionery
Retail Market 15,998.91
(in Php millions)
 MARKET SEGMENT

Population of 25-60 year old People 44,841,800

Multiplied by the percentage of People

10%
Belonging to Classes A-C

Population of 25-50 year

old People Belonging to 4,484,180
Classes A-C
 TARGET
MARKET SEGMENT
Population of 25-60 year old
People Belonging to 4,484,180
Classes A-C

Multiplied by the Percentage

of the Target Market Who 90.41%
are Willing to Buy

Population of 25-60 year

old People Belonging to 4,054,147.138 ~
Classes A-C Who are 4,054,147
Willing to Buy
 SARESA’S
MARKET SIZE

Population of 25-60 year old

People Belonging to Classes 4,054,147
A-C Who are Willing to Buy

Multiplied by the Average

25.1515 ~ 25
Annual Purchase

Total Market of the Product 101,353,675

 PRODUCT MIX
based on survey results

42.5 57.5
% %
 ANNUAL
DEMAND ESTIMATE
Year Total Market Market Market Milk Dark
Demand Share Chocolate Chocolate
(42.5%) (57.5%)

2019 101,353,675 350,000 0.30% 148,750 201,250

2020 110,475,505 400,000 0.32% 170,000 230,000

2021 120,418,300 450,000 0.33% 191,250 258,750

2022 131,255,947 500,000 0.34% 212,500 287,500

2023 143,068,982 550,000 0.35% 233,750 316,250

 SEASONALITY INDEX
Month Monthly Seasonality Index Quarterly Seasonality Index Quarter

January 0.95

February 1.12

March 0.94 1.01 1

April 0.89

May 0.92

June 0.91 0.91 2

July 0.93

August 0.96

September 0.96 0.95 3

October 1.03

November 1.06

December 1.28 1.13 4

SEASONALITY INDEX
SEASONALITY INDEX
 DEMAND WITH
SEASONALITY
based on 2019 annual demand of 350,000
Quarterly Daily
Quarter SI No. of Days
Demand Demand

Q1: Jan to
1.01 88,375 90 982
Mar

Q2: Apr to
0.91 76,925 91 846
Jun

Q3: Jul to
0.95 83,125 92 904
Sep

Q4: Oct to
1.13 98,875 92 1,075
Dec
PROCES
S
DESIGN
 KEY PROCESS
selection of
machines
drying oven

mixer

conch

depositing and molding machine

cooling tunnel

packaging machine
 MAKE OR BUY

Make Buy

Cocoa Powder
and Butter ✓
Dried Aratiles ✓
Milk and Sugar ✓
 KEY PROCESS
production overview
1 drying the aratiles

2 making the chocolate mixture

3 placing aratiles and chocolate into the molds

4 cooling the chocolate bars

5 packaging
 DETAILED PROCESSES
1 drying the aratiles
 DETAILED PROCESSES
making the chocolate
2
mixture
 DETAILED PROCESSES
3 placing aratiles and chocolate into
the molds
 DETAILED PROCESSES
cooling the chocolate
4
bars
 DETAILED PROCESSES
5 packaging
 FLOWCHART OF OPERATIONS
arrange place trays
acquire raw
clean aratiles aratiles on inside drying
materials
trays oven

place
deposit dried store dried
ingredients cool dried
aratiles into aratiles in
needed into aratiles
molds containers
mixer

transfer
refine in add chocolate fill chocolate
conche remaining mixture to molds using
machine cocoa butter molding the machine
machine

place bars
pack transfer
through remove bars
chocolate for molds to
packaging from molds
shipment cooling tunnel
machine
 SUSTAINABILITY

packaging
Envirotech Waste Recycling, Inc.

production
pig feeds manufacturer

maintenanc
e Technotest
CAPACITY
PLANNING
1,440
bars
production per day
 PROCESS

manually clean the aratiles before

placing them in trays
 PROCESS
place trays into the drying oven
Industrial Hot Air Circulating Drying Oven
Shanghai Honglian Machine Electric Appliance Co.,Ltd

Daily Design Capacity:

3600 bars

Number of Machines: 1
Number of Workers: 1
 PROCESS
mix chocolate ingredients
Chocolate Mixer
Makwell Machinery Co., Ltd.

Daily Design Capacity:

30,000 bars

Number of Machines:1
Number of Workers:1
 PROCESS
refine mixture in conching machine
Chocolate Conche Ball Mill
Auris Machinery

Daily Design Capacity: 4000

bars

Number of Machines:1
Number of Workers:1
 PROCESS
deposit dried aratiles into molds
 PROCESS
transfer chocolate mixture for
depositing and molding
Chocolate Molding Machine
FUDE
Daily Design Capacity: 2880
bars

Number of Machines:1
Number of Workers:1
 PROCESS
place chocolate into cooling tunnel
Cooling Machine
Jizaozuo Newest Machinery. Co.,Ltd

Daily Design Capacity:

3200 bars

Number of Machines:1
Number of Workers:1
 INSPECTION
inspect chocolate bars for

unwanted metallic substances

Metal Detector
Dongguan Yaoke Instrument Equipment Co., Ltd.

Daily Design Capacity:

319,992 bars

Number of Machines:1

Number of Workers:1
 PROCESS
package chocolate bars
Packaging Machinery
Gaocheng Machinery (Huiyang) Co., Ltd

Daily Design Capacity:

5200 bars

Number of Machines:1
Number of Workers:1
 BOTTLENECK ANALYSIS
49.95 seconds process time per
unit
10 sec
12.5 sec
DRYING

DEPOSITING
COOLING PACKAGING
AND MOLDING

MIXING CONCHING
11.25 sec 6.92sec

1.28 sec 8 sec

 EFFICIENCY AND
UTILIZATION
Capacity Design Capacity per Effective Capacity
Actual Capacity Utilization Efficiency
Analysis day per day

Drying Oven 72 kg 80% 57.6 kg 28.8 kg 40% 50%

Mixer 3,000 L 75% 2250L 144L 5% 6.4%

Conche
Machine
400 L 90% 360 L 144L 36% 40%
Depositing
and Molding 2,880 molds 80% 2,304 molds 1,440 molds 50% 62.5%
Machine

Cooling
Tunnel
3,200 bars 80% 2,560 bars 1,440 bars 45% 56%

Packaging 5,200 chocolate bars 80% 4,160 bars 1,440 bars 28% 35%
LOCATION
PLANNING
EVALUATION OF FACTORY
LOCATION
40% rent cost

20% proximity from distributors

15% size of area

10% features

15% accessibility
 SELECTED LOCATION

Tandang Sora, Quezon City

95.47%
1,253 sqm

P250,600 per month

Features: Near Mindanao

Avenue, High Ceiling,
Security, Accessible to 40’
Trucks
 FACTOR RATING
Weighted Scores

Factor Weight Location 1 Location 2 Location 3 Location 4 Location 5

Rent or Cost of area 40%

25.33 37.20 26.13 38.80 33.13
Proximity from distributors 20%
18.10 19.77 17.80 17.00 15.37
Size of area 15%
13.88 14.28 14.20 12.08 14.05
Features 10%
9.33 9.55 9.33 9.22 9.38
Accessibility 15%
13.88 14.68 13.50 14.00 13.68
Total Score 100%
80.52 95.47 80.97 91.09 85.61
FACILITIE
S
 FACTORY
FLOOR AREA

41.7m
OFFICE LAYOUT
PARKING LAYOUT
 WORK
SYSTEM
S
 ORGANIZATIONAL
STRUCTURE
CEO

Operations Marketing

Quality Control

Factory
Foreman
Workers

Maintenance
RECRUITMENT PROCESS

1
review resume
2
interview
3
on-the-spot try out
4
quality checklist
COMPENSATION PACKAGE

Job Position Average Monthly Salary

Top Management (CEO) Php 40,000

Top Management (Heads) Pnp 30, 000

Middle Management (Managers) Php 20,000

Regular Employees (Assistants) Php 18,000

Non-office workers (Factory worker, Php 15,000

maintenance staff, driver, security)
WORKING CONDITIONS

Monday to Friday
Office hours
Factory hours9am
7amtoto5pm
4pm
working hours inclusive of
hour-long lunch break
WORKING CONDITIONS
PERSONNEL REQUIRED
workers

8 factory workers
2 maintenance staff
3 drivers
2 security
PERSONNEL REQUIRED
employee
s
1 foreman
1
manager
3 regular employees
PERSONNEL REQUIRED
executive
s
1 CEO
1
head of marketing
1 head of operations
 QUALITY
MANAGEMEN
T
 QUALITY MANAGEMENT
PHILOSOPHY
fresh is best
sanitation is priority
productivity and
punctuality are
 QUALITY CHECKPOINTS

1 2

5 4 3

6 7 8
 QUALITY CHECKPOINTS

1 Are the ingredients complete?

Are the ingredients good quality?
ingredients
 Are the machines clean?
2
machine
Are the machines fully functional?

s
 3
measurement
Are the chocolate ingredients
measured properly?

s
 Were the aratiles distributed properly
4
dispensin
into the molds?

5 Were the chocolate bars properly molded?

molding
 6
coolin
Did the chocolate bars cool properly?

g
 Are there unwanted metallic substances
7
metal
present in the chocolate bars?

inspection
 Are the chocolate bars packaged properly?
8 Are the labels correct?
Is the quantity per box correct?
packaging
 QUALITY CHECKPOINTS

1 2

5 4 3

6 7 8
SUPPLY CHAIN
MANAGEMENT
 EVALUATION
OF SUPPLIERS
35% price

25% quality of raw material

20% distribution capacity

15% financial condition

5% location
 EVALUATION
OF SUPPLIERS
Aratiles

Bapamin Enterprise
Batac City, Ilocos Norte
+639177039618
Php 100.00 per kg

95.74%
 EVALUATION
OF SUPPLIERS
Cocoa
Powder
Agro Business
Commodities Trading
NCR, Philippines
+639454374434
Php 20.00 per kg

97.68%
 EVALUATION
OF SUPPLIERS
Cocoa
Butter
Wonder bake
G/F, U.P Town Center,
Katipunan Ave, Diliman,
Quezon City, 1108 Metro
Manila
(02) 625-4495
Php 190.00 per kg
97.65%
 EVALUATION
OF SUPPLIERS
Coconut
Sugar
Andy Albao Corporation
Unit 301 MJM Bldg, 650 J.P.
Rizal St. Barangay
Valenzuela, Makati City,
Philippines, 1208 Metro
Manila
(02) 831-5175
97.93% Php 370.00 per kg
 EVALUATION
OF SUPPLIERS
Milk Powder
Wonder bake
G/F, U.P Town Center,
Katipunan Ave, Diliman,
Quezon City, 1108 Metro
Manila
(02) 625-4495
Php 120.00 per kg
96.96%
 EVALUATION
OF SUPPLIERS
Soy Lecithin

Cargill Philippines, Inc.

29th Floor, Citibank Tower
8741 Paseo de Roxas
(02) 894-8027
Php 146.80 per kg

96.93%
 EVALUATION
OF SUPPLIERS
Foil Wrapper
Best Way General
Merchandising
691 Sto. Cristo St, Binondo,
Manila, Metro Manila
(02) 242-5366
Php 460.00 per roll
96.01%
 EVALUATION
OF SUPPLIERS
Paper Wrapper

Printcity Specialist Inc.

29 V.Sevilla, Caloocan,
Metro Manila
(02) 288-3686
Php 2.00 per roll

95.99%
 EVALUATION
OF SUPPLIERS
Chocolate
Box
Greenpak Enterprises
45-B Congressional Avenue,
Brgy. Bahay Toro, Quezon
City
(02) 455-7456
Php 21.35 per box
98.41%
 EVALUATION
OF SUPPLIERS
Shipment
BoxPhilwyze Packaging
Corporation
753 Quirino Highway,
Novaliches, Quezon City
Metro Manila 1123,
Philippines
(02) 452-2210
96.9% Php 50.00 per box
SUPPLY CHAIN
MANAGEMENT
key
strategies:
1 reliable supply base

2 sourcing strategy

3 risk management
LOGISTICS MANAGEMENT
key
strategies:
1 shipping systems

2 storage

3 distribution
DELIVERY SCHEDULE

Day City

Monday Quezon City

Tuesday Manila

Wednesday Caloocan

Thursday Taguig

Friday Pasig
 INVENTORY
MANAGEMEN
T
INVENTORY POLICY

first in
first out
INVENTORY MAINTAINED

raw materials
work-in-progress
finished goods
 ECONOMIC ORDER
QUANTITY
Raw Material Unit Annual Demand EOQ* # of Days
Purchases a Between
Year Orders

Aratiles fruit g 7000000 84000 83.33 2.96

Cocoa Butter g 12813500 184000 69.64 3.55

Cocoa Powder g 6930875 54000 128.35 1.92

Coco Sugar g 5600000 43000 130.23 1.90

Milk Powder g 2305625 50000 46.11 5.36

Soy Lecithin g 350000 69000 5.07 48.72

Foil pc 261.45 1200 0.22 1122.73

Paper Wrapper pc 27296.5 19000 1.44 171.53

Chocolate box pc 29155 5700 5.11 48.34

*based on 247 working days

REORDER POINT
Raw Materials Safety Stock Reorder Point

Aratiles fruit 71672.35 143344.71

Cocoa Butter 131196.25 262392.49

Cocoa Powder 70964.59 141929.18

Coco Sugar 57337.88 114675.77

Milk Powder 23607.08 47214.16

Soy Lecithin 3583.62 7167.24

Foil 2.68 5.35

Paper Wrapper 279.49 558.97

Box 298.52 597.03

AGGREGAT
E
PLANNING
AGGREGATE STRATEGY
AGGREGATE STRATEGY
AGGREGATE STRATEGY

monthly production
 MATERIALS
REQUIREMENT
S
PLANNING
 DAILY AND WEEKLY
Raw Materials Inventory Daily Weekly

Quantity Quantity
Raw Material Units
Needed Needed

Aratiles fruit Kilogram 19.44 Kg 116.64 Kg

Cocoa Butter Kilogram 35.59 Kg 213.54 Kg

Cocoa Powder Kilogram 19.35 Kg 116.1 Kg

Coco Sugar Kilogram 15.56 Kg 93.36 Kg

Milk Powder Gram 6,401.5 g 38,409 g

Soy Lecithin Kilogram 0.972 Kg 5.83 Kg

Foil Roll 0.73 Rolls 4.4 Rolls

Paper Wrapper Roll 74.79 Rolls 448.72 Rolls

Chocolate Box Box 81 Boxes 486 Boxes

Shipment Box Box 3 Boxes 18 Boxes

 MONTHLY AND QUARTERLY
Raw Materials Inventory January February March Q1
Raw Material Unit of Measurement Quantity Needed Quantity Needed Quantity Needed Quantity Needed

Aratiles fruit Kilogram 583.33 Kg 583.33 Kg 583.33 Kg 1,750 Kg

Cocoa Butter Kilogram 1,067.79 Kg 1,067.79 Kg 1,067.79 Kg 3,203.38 Kg

Cocoa Powder Kilogram 577.57 Kg 577.57 Kg 577.57 Kg 1,732.72 Kg

Coco Sugar Kilogram 466.67 Kg 466.67 Kg 466.67 Kg 1,400 Kg

Milk Powder Gram 192,135.42 g 192,135.42 g 192,135.42 g 576,406.25 g

Soy Lecithin Kilogram 29.17 Kg 29.17 Kg 29.17 Kg 87.5 Kg

Foil Roll 22 Rolls 22 Rolls 22 Rolls 66 Rolls

Paper Wrapper Roll 2,243.59 Rolls 2,243.59 Rolls 2,243.59 Rolls 6,730.77 Rolls

Chocolate Box Box 2,431 Boxes 2,431 Boxes 2,431 Boxes 7,292 Boxes

Shipment Box Box 82 Boxes 82 Boxes 82 Boxes 244 Boxes

 MONTHLY AND QUARTERLY
Raw Materials Inventory April May June Q2
Raw Material Unit of Measurement Quantity Needed Quantity Needed Quantity Needed Quantity Needed

Aratiles fruit Kilogram 583.33 Kg 583.33 Kg 583.33 Kg 1,750 Kg

Cocoa Butter Kilogram 1,067.79 Kg 1,067.79 Kg 1,067.79 Kg 3,203.38 Kg

Cocoa Powder Kilogram 577.57 Kg 577.57 Kg 577.57 Kg 1,732.72 Kg

Coco Sugar Kilogram 466.67 Kg 466.67 Kg 466.67 Kg 1,400 Kg

Milk Powder Gram 192,135.42 g 192,135.42 g 192,135.42 g 576,406.25 g

Soy Lecithin Kilogram 29.17 Kg 29.17 Kg 29.17 Kg 87.5 Kg

Foil Roll 22 Rolls 22 Rolls 22 Rolls 66 Rolls

Paper Wrapper Roll 2,243.59 Rolls 2,243.59 Rolls 2,243.59 Rolls 6,730.77 Rolls

Chocolate Box Box 2,431 Boxes 2,431 Boxes 2,431 Boxes 7,292 Boxes

Shipment Box Box 82 Boxes 82 Boxes 82 Boxes 244 Boxes

 MONTHLY AND QUARTERLY
Raw Materials Inventory July August September Q3
Raw Material Unit of Measurement Quantity Needed Quantity Needed Quantity Needed Quantity Needed

Aratiles fruit Kilogram 583.33 Kg 583.33 Kg 583.33 Kg 1,750 Kg

Cocoa Butter Kilogram 1,067.79 Kg 1,067.79 Kg 1,067.79 Kg 3,203.38 Kg

Cocoa Powder Kilogram 577.57 Kg 577.57 Kg 577.57 Kg 1,732.72 Kg

Coco Sugar Kilogram 466.67 Kg 466.67 Kg 466.67 Kg 1,400 Kg

Milk Powder Gram 192,135.42 g 192,135.42 g 192,135.42 g 576,406.25 g

Soy Lecithin Kilogram 29.17 Kg 29.17 Kg 29.17 Kg 87.5 Kg

Foil Roll 22 Rolls 22 Rolls 22 Rolls 66 Rolls

Paper Wrapper Roll 2,243.59 Rolls 2,243.59 Rolls 2,243.59 Rolls 6,730.77 Rolls

Chocolate Box Box 2,431 Boxes 2,431 Boxes 2,431 Boxes 7,292 Boxes

Shipment Box Box 82 Boxes 82 Boxes 82 Boxes 244 Boxes

 MONTHLY AND QUARTERLY
Raw Materials Inventory October November December Q4
Raw Material Unit of Measurement Quantity Needed Quantity Needed Quantity Needed Quantity Needed

Aratiles fruit Kilogram 583.33 Kg 583.33 Kg 583.33 Kg 1,750 Kg

Cocoa Butter Kilogram 1,067.79 Kg 1,067.79 Kg 1,067.79 Kg 3,203.38 Kg

Cocoa Powder Kilogram 577.57 Kg 577.57 Kg 577.57 Kg 1,732.72 Kg

Coco Sugar Kilogram 466.67 Kg 466.67 Kg 466.67 Kg 1,400 Kg

Milk Powder Gram 192,135.42 g 192,135.42 g 192,135.42 g 576,406.25 g

Soy Lecithin Kilogram 29.17 Kg 29.17 Kg 29.17 Kg 87.5 Kg

Foil Roll 22 Rolls 22 Rolls 22 Rolls 66 Rolls

Paper Wrapper Roll 2,243.59 Rolls 2,243.59 Rolls 2,243.59 Rolls 6,730.77 Rolls

Chocolate Box Box 2,431 Boxes 2,431 Boxes 2,431 Boxes 7,292 Boxes

Shipment Box Box 82 Boxes 82 Boxes 82 Boxes 244 Boxes

QUARTERLY AND ANNUALLY
Raw Materials Inventory Quarterly Annually

Raw Material Unit of Measurement Quantity Needed Quantity Needed

Aratiles fruit Kilogram 1,750 Kg 7,000 Kg

Cocoa Butter Kilogram 3,203.38 Kg 12,813.5 Kg

Cocoa Powder Kilogram 1,732.72 Kg 6,930.88 Kg

Coco Sugar Kilogram 1,400 Kg 5,600 Kg

Milk Powder Gram 576,406.25 g 2,305,625 g

Soy Lecithin Kilogram 87.5 Kg 350 kg

Foil Roll 66 Rolls 261 Rolls

Paper Wrapper Roll 6,730.77 Rolls 26,932.08 Rolls

Chocolate Box Box 7,292 Boxes 29,167 Boxes

Shipment Box Box 244 Boxes 973 Boxes

SCHEDULIN
G
 PRE-OPERATIONAL
Tasks July August September
Week Week Week
1 2 3 4 1 2 3 4 1 2 3 4

Register and fill up government and

legal forms

Contact location lessor

Contact Machine Suppliers

Contact Raw Materials Suppliers

Purchase Machineries Online

Apply for Water

Apply for Electricity

Apply for Landline and Internet

Apply for Business Checking

Account

Contact Truck Supplier

Renovation of Location
 PRE-OPERATIONAL
Tasks October November December

Week Week Week

1 2 3 4 1 2 3 4 1 2 3 4

Screening and hiring workers

Set up Facilities

Set up Machineries

Purchase of Raw Materials

(including Packaging)

Purchase of Office Supplies and

Company Uniforms

Training Workers

Test Run

Product Development
 DAILY
OPERATION SCHEDULE
Time Cleaning Station Drying Oven Mixer Conche Machine

7:00-7:30

7:30-8:00

8:00-8:30
8:30-9:00
9:00-9:30
9:30-10:00
10:00-10:30
10:30-11:00
11:00-11:30

11:30-12:00

12:00-12:30

12:30-1:00

1:00-1:30

1:30-2:00
 DAILY
OPERATION SCHEDULE
Time Depositing and Cooling Tunnel Metal Detector Packaging Machine
Molding Machine
7:00-7:30

7:30-8:00

8:00-8:30

8:30-9:00

9:00-9:30

9:30-10:00

10:00-10:30

10:30-11:00

11:00-11:30

11:30-12:00

12:00-12:30
12:30-1:00
1:00-1:30
 QUALITY CONTROL
SCHEDULE
Time Quality Control Person 1 Quality Control Person 2
7:00-7:30
7:30-8:00
8:00-8:30
8:30-9:00
9:00-9:30
9:30-10:00
10:00-10:30
10:30-11:00
11:00-11:30
11:30-12:00
12:00-12:30
12:30-1:00
1:00-1:30
1:30-2:00
2:00-2:30
2:30-3:00
 WEEKLY SCHEDULE

Day Monday Tuesday Wednesday Thursday Friday

Variant Dark Milk Dark Milk Dark
Chocolate Chocolate Chocolate Chocolate Chocolate
 BATCH SCHEDULE
Time Cleaning Drying Mixer Conche Depositing Cooling Metal Packaging
Station Oven Machine and Tunnel Detector Machine
Molding
Machine
7:00-7:30 1 1

7:30-8:00

8:00-8:30 2 1 2 1

8:30-9:00

9:00-9:30 3 2 3 2 1

9:30-10:00

10:00-10:30 4 3 4 3 2 1

10:30-11:00

11:00-11:30 4 4 3 2 1

11:30-12:00

12:00-12:30 4 3 2 1

12:30-1:00

4 3 2
 MACHINE WORKFORCE
ASSIGNMENT
Time Cleaning Drying Mixer Conche Depositing Cooling Metal Packaging
Station Oven Machine and Molding Tunnel Detector Machine
Machine
7:00-7:30 Analyn Miguel

7:30-8:00 Analyn Fernando

8:00-8:30 Analyn Rissa Miguel Ernesto

8:30-9:00 AnalynRissaFernan
doErnesto

9:00-9:30 Analyn Rissa Miguel Ernesto Fernando

9:30-10:00 AnalynRissaFer
nandoErnestoM
iguel

10:00-10:30 Analyn Rissa Miguel Ernesto Fernando Jose

10:30-11:00

11:00-11:30 Rissa Ernesto Fernando Jose Daniel

11:30-12:00 Rissa
ErnestoMiguelJose
Daniel

12:00-12:30 Fernando Jose Daniel Stella

12:30-1:00
 WORKFORCE MACHINE
ASSIGNMENT
Time Analyn Rissa Miguel Ernesto Fernando Jose Daniel Stella

7:00-7:30 Cleaning Mixer

Station
7:30-8:00
8:00-8:30 Drying Conche
Oven Machine
8:30-9:00
9:00-9:30 Depositing
and
9:30-10:00
Molding
10:00-10:30 Conche
Machine
Machine

10:30-11:00

11:00-11:30 Metal
Detector

11:30-12:00

12:00-12:30 Packaging
 SUMMARY OF
WORKFORCE ASSIGNMENT
Cleaning Station Analyn
Drying Oven Rissa
Mixer Miguel
Conche Machine Ernesto
Depositing and Molding Fernando
Machine
Cooling Tunnel Jose
Metal Detector Daniel
Packaging Machine Stella
Quality Control QC Personnel
MAINTENANCE SCHEDULE
workstation

Time
maintenance
Maintenance Personnel 1 Maintenance Personnel 2
6:30-7:00 General Cleaning

7:00-11:00

11:00-12:00 Cleaning Station Mixer

12:00-1:00 Drying Oven Conche Machine

Depositing and Molding
1:00-2:00
Machine
2:00-3:00 Cooling Tunnel

3:00-4:00 Metal Detector

4:00-5:00 Packaging Machine

5:00-6:00 General Cleaning

MAINTENANCE SCHEDULE
checklis
t Daily Cleaning
Monthly
Check up
Yearly
Maintenance
and
Recalibration

6:30-7: 7:00-1 11:00- 12:00- 1:00-2: 2:00-3: 3:00-4: 4:00-5: 5:00-6:

00 1:00 12:00 1:00 00 00 00 00 00

General Cleaning / /
Cleaning Station / / /

Drying Oven / / /

Mixer / / /

Conche Machine / / /

Depositing and Molding

/ / /
Machine
Cooling Tunnel / / /
FINANCIALS
 PRODUCT COSTING

Cost Category

Total Direct Cost Php 21.86

P
h
p
2
Total Indirect Cost
5
.
5
9
P
h
p
4
Total Unit Cost
 PRODUCT COSTING

Cost Category

Total Direct Cost Php 20.00

P
h
p
2
Total Indirect Cost
5
.
5
9
P
h
p
4
Total Unit Cost
 INITIAL INVESTMENT
REQUIRED
List of Funding Price
Machines and Equipment Php 1,171,406.50
Office Supplies Php 325,200.00
Renovation Php 179,080.00
Salaries and Wages Php 657,000.00
Utilities (2 months) Php 137,604.00
Legal Fees Php 25,497.00
Insurance Expense Php 60,000.00
Rent (2 months) Php 501,200.00
Delivery Expense (2 months) Php 110,000.00
Raw Materials Php 10,218,935.35
 SOURCES OF FUNDING
Incorporators No. of Shares Par Value Contribution Share

Shania Chuason 10,000 Php 200.00 Php 2,000,000.00 14.29%

Adrian Hong 10,000 Php 200.00 Php 2,000,000.00 14.29%

Megan Lim 10,000 Php 200.00 Php 2,000,000.00 14.29%

Bea Moreno 10,000 Php 200.00 Php 2,000,000.00 14.29%

Kathleen Sampang 10,000 Php 200.00 Php 2,000,000.00 14.29%

Spencer See 10,000 Php 200.00 Php 2,000,000.00 14.29%

Roger Sy Siong Kiao 10,000 Php 200.00 Php 2,000,000.00 14.29%

Total 70,000 Php 14,000,000.00 100.00%

BREAKEVEN ANALYSIS
year
one

Selling price Php 100.00

Cost per unit Php 55.68

Contribution Margin Php 44.32

Total Fixed Cost Php 13,484,501.65

BREAKEVEN ANALYSIS
year

304,254 one

bars
350,000 bars expected production in year one

Php
30,425,319.61
Php 35,000,000 expected sales in year one
 BREAKEVEN ANALYSIS

2019 2020 2021

Fixed Cost Php 13,484,501.65 Php 13,459,004.65 Php 13,459,004.65

Break-even in units 304,254 304,254 304,254

Break-even in peso Php 30,425,319.61 Php 30,367,790.28 Php 30,367,790,28

Expected production 350,000 400,000 450,000

Expected Sales Php 35,000,000.00 Php 40,000,000.00 Php 45,000,000.00

 PAYBACK PERIOD ANALYSIS
Year 2018 2019 2020 2021 2022

Cash Flows -13,175,922.85 3,294,870.20 5,189,400.60 7,066,083.10 8,942,765.60

Cumulative Cash -13,175,922.85 (9,881,052.66) (4,691,652.06) 2,374,431.04 11,317,196.63

Flow

payback
= 1+ (9,881,052.66/7,066,083.10)

= 2.40 years or approximately 2 years.

 PROJECTED
INCOME STATEMENT
YEAR 2019 2020 2021 2022

Sales 35,000,000.00 40,000,000.00 45,000,000.00 50,000,000.00

Total COGS 16,233,175.00 18,552,200.00 20,871,225.00 23,190,250.00

Gross Profit 18,766,825.00 21,447,800.00 24,128,775.00 26,809,750.00

Total Operating Expense 14,320,125.65 14,294,628.65 14,294,628.65 14,294,628.65

EBIT 4,446,699.35 7,153,171.35 9,834,146.35 12,515,121.35

Tax (30%) 1,334,009.81 2,145,951.41 2,950,243.91 3,754,536.41

Net Income 3,112,689.55 5,007,219.95 6,883,902.45 8,760,584.95

 PROJECTED
BALANCE SHEET
2022 2021 2020 2019
Assets

Total Current Assets 17,404,930.95 15,816,298.45 14,226,665.95 12,620,185.55

Total Fixed Assets 1,621,864.35 1,621,864.35 1,621,864.35 1,621,864.35

Total Assets Php 19,025,795.30 Php 17,437,162.80 Php 15,848,530.30 Php 14,242,049.90

Liabilities and Equity

Owner’s Equity 13,145,710.35 13,145,710.35 13,145,710.35 13,145,710.35

Retained Earnings 5,880,084.95 4,291,452.45 2,702,819.95 1,096,339.55

Total Liabilities and Equity Php 19,025,795.30 Php 17,437,162.80 Php 15,848,530.30 Php 14,242,049.90
BACK-UP
SLIDES
BUSINESS MODEL CANVAS
HOUSE OF QUALITY
 PACKAGING
SPECIFICATIONS

Net Weight 100g/chocolate bar

1.2 kg per box of 12
36 kg per shipment box
Dimensions Chocolate bar: 19.6 cm x 12.6 cm x 3 cm
Box of 12: 20 cm x 36 cm x 12 cm
Shipment Box: 60 cm x 72 cm x 60 cm
Packaging 1 chocolate box = 12 chocolate bars
1 shipment box = 30 boxes
Estimated number of boxes 30 boxes of 12 chocolate bars
of 12 chocolate bars per
shipment box
Estimate number of 360 chocolate bars (30 boxes x 12
 2018 POPULATION
PROJECTION
Age Brackets Population Projection Percentage of Population

25-29 9,047,900 8.49%

30-34 7,869,600 7.38%
35-39 7,017,600 6.58%
40-44 6,308,000 5.92%
45-49 5,613,200 5.27%
50-54 4,918,500 4.61%
55-60 4,067,000 3.82%
Population of 25-660 year old
People
44,841,800 42.07%
Total Projected Population 106,598,600 100%
 AVERAGE ANNUAL DEMAND
COMPUTATION
Average Monthly Purchase Individual Annual Equivalent Number of Total Annual Equivalent
Respondents

1 12 87 1,044

2 24 49 1,176

3 36 31 1,116

4 48 20 960

5 60 9 540

6 72 2 144

Total 198 4,980

Average Annual Purchase 25.1515

Total Market of Chocolate Bars Based on the Market Demand Survey

Population of 25-50 year old People Belonging to Classes A-C Who are Willing to Buy 4,054,147

Multiplied by the Average Annual Purchase 25.1515 ~ 25

Total Market of the Product 101,353,675

 2019 DEMAND WITH
SEASONALITY
based on annual demand of 350,000

Product Mix Milk Dark Total Demand per day

(42.5%) (57.5%) of the quarter

Annual Demand 127,500 172,500 300,000

Quarter 3 (92 Days) 30,281 40,969 71,250 774

Quarter 1 (90 Days) 32,194 43,556 75,750 842
July (31 Days) 10,203 13,805 24,008
January (31 Days) 11,089 15,003 26,092
August (31 Days) 10,203 13,805 24,008
February (28 Days) 10,016 13,550 23,566
September (30 Days) 9,875 13,359 23,234
March (31 Days) 11,089 15,003 26,092
Quarter 4 (92 Days) 36,019 48,731 84,750 921
Quarter 2 (91 Days) 29,006 39,244 68,250 750
October (31 Days) 12,137 16,420 28,557
April (30 Days) 9,562 12,938 22,500
November (30 Days) 11,745 15,891 27,636
May (31 Days) 9,882 13,368 23,250
December (31 Days) 12,137 16,420 28,557
June (30 Days) 9,562 12,938 22,500
 MAKE OR BUY
Advantages and Disadvantages of Making Advantages and Make Buy
Disadvantages of Buying

Cocoa Advantage: · Ensuring quality to the customers Advantage: · No ✓

Powder · Adds value machinery required
and Butter · Flexibility – being able to create a chocolate flavor of their · No need to conduct
own extensive research in making
· Efficiency and consistency in quality of work their own raw materials
Disadvantage: · Nib grinding and press machine needed to · Eliminates time
produce cocoa powder and extract cocoa butter consuming work of producing
· High initial investment raw materials
· High maintenance · Lesser workforce and
labor cost Disadvantage: ·
Costly in the long run
· Very dependent to
suppliers

Dried Dried aratiles is currently not available in the market. Thus, ✓

Aratiles Saresa would have to dry the aratiles themselves.

Milk and Disadvantage: · Additional costs in investing in dairy farms Advantage: · More ✓
Sugar and coconut plantations convenient
· Machinery heavy · Quality already proven
· Requires more space due to brand familiarity
· Time consuming Disadvantage: · Chance of
choosing a wrong supplier
· No control over cost (e.g.
increase in the price entails
having to change the costing)
 LOCATION MEMBER SCORES
Factor Shania Adrian Megan Bea Kelly Spencer

Rent or Cost of
area 94 92 94 91 94 93

Proximity from
distributors 97 99 100 99 99 99

Size of area 95 95 95 96 95 95

Features 95 96 95 97 95 95

Accessibility 95 96 100 99 99 98
 SUPPLIER RISK
MANAGEMENT
Risk Possible Consequences Solution

Supplier failure to deliver on time 1) Delays in production It will be stated explicitly in the contract that the supplier
2) Scarcity of resources will have to pay for penalty costs each time there is a
3) Number of units produced will not be late delivery. At the same time, a supplier may only
able to reach production level at the right time commit this violation a maximum of five times.

Supplier delivers damaged, unusable, or substandard 1) Scarcity of usable raw materials
raw materials 2) Expected production level will not be
met
3) If substandard raw materials are used
for production, quality of the company’s finished
goods will be diminished which could give a bad
impression to the company’s customers
Saresa, Inc. will inform its suppliers explicitly the
specifications for the raw materials. Furthermore, it will
be stated in the contract that Saresa, Inc. will have the
right to return any damaged, unusable, or substandard
raw material to the supplier. In order to prevent
substandard raw materials from entering production,
managers will be given a criteria to base on, when
selecting raw materials for production.

Miscommunication 1) Wrong delivery execution by the supplier The company plans to always be explicit and clear
about its instructions, information, and specifications to
its suppliers. Information before being sent to suppliers
must be proofread.
 ECONOMIC ORDER
QUANTITY
Raw Annual Holding
Unit Unit Cost Set-Up Cost EOQ EOQ*
Materials Demand Cost (25%)

Aratiles fruit g 2 7000000 250 0.5 83666.003 84000

Cocoa Butter g 0.756 12813500 250 0.189 184114.497 184000

Cocoa
g 4.788 6930875 250 1.197 53806.155 54000
Powder

Coco Sugar g 5.92 5600000 250 1.48 43495.884 43000

Milk Powder g 1.86 2305625 250 0.465 49791.231 50000

Soy Lecithin g 0.1468 350000 250 0.0367 69053.547 69000

Foil pc 0.3435 261.45 250 0.085875 1233.803 1200

Paper
pc 0.156 27296.5 250 0.039 18707.088 19000
Wrapper
Chocolate
pc 1.7792 29155 250 0.4448 5724.784 5700
box
 REORDER POINT
ROP= (P x L) + (P x Lss)
ROP= Lead Time Stock + Safety Stock
Annual Demand: 350,000 units of 100g chocolate bars
3 days lead time for all raw materials
Annual Lead Time Days of Safety
Raw Materials Daily Demand Lead Time Safety Stock Reorder Point
Demand Stock Stock

Aratiles fruit 7000000 23890.78 3 71672.35 3 71672.35 143344.71

Cocoa Butter 12813500 43732.08 3 131196.25 3 131196.25 262392.49

Cocoa Powder 6930875 23654.86 3 70964.59 3 70964.59 141929.18

Coco Sugar 5600000 19112.63 3 57337.88 3 57337.88 114675.77

Milk Powder 2305625 7869.03 3 23607.08 3 23607.08 47214.16

Soy Lecithin 350000 1194.54 3 3583.62 3 3583.62 7167.24

Foil 261.45 0.89 3 2.68 3 2.68 5.35

Paper Wrapper 27296.5 93.16 3 279.49 3 279.49 558.97

Box 29155 99.51 3 298.52 3 298.52 597.03

AGGREGATE STRATEGY
Quarter Period Demand Forecast Quarterly Demand Production Quarterly Inventory
(Monthly) (Monthly) Production

Q1 January 27,714 87,794 27,716 87,784 2

February 32,676 32,660 -14

March 27,404 27,408 -10

Q2 April 25,950 79,346 25,968 79,344 8

May 26,846 26,832 -6

June 26,550 26,544 -12

Q3 July 27,125 83,108 27,118 83,126 -19

August 27,993 28,008 -4

September 27,990 28,000 6

Q4 October 30,039 98,293 30,051 98,301 18

November 30,930 30,912 0

December 37,324 37,338 14

AGGREGATE STRATEGY
Quarter Month Production Days Production Rate Production (bars) Monthly Demand Forecast
per month (bars)

January
Q1 26 1,066 27,716 27,714
February
23 1,420 32,660 32,676
March
24 1,142 27,408 27,404
April
Q2 24 1,082 25,968 25,950
May
26 1,032 26,832 26,846
June
24 1,106 26,544 26,550
July
Q3 26 1,043 27,118 27,125
August
24 1,167 28,008 27,993
September
25 1,120 28,000 27,990
October
Q4 27 1,113 30,051 30,039
 PRODUCT
milk COSTING
chocolate
Cost
Category
Direct Input Cost per Input Cost per
Cost Per Unit Input Per Unit
Indirect Cost Monthly Cost Monthly Units
Materials Unit Unit

Php Php
Aratiles fruit Php 100/ kg 20 g Distribution Php 55,000 29,167 bars
2.00 1.89

Php Php
Cocoa Butter Php 20/ kg 35 g Salaries Php 537,000 29,167 bars
0.756 10.18

Php Php
Cocoa Powder Php 190/ kg 12.5 g Rent Php 250,600 29,167 bars
4.788 8.59

Php Php
Coco Sugar Php 370/ kg 16 g Utilities Php 68,802 29,167 bars
5.92 2.36

Php Php
Milk Powder Php 120/ kg 15.5g Insurance Php 60,000 29,167 bars
1.86 2.06

Php Php
Soy Lecithin Php 146.8/ kg 1g Marketing Php 15,000 29,167 bars
0.1468 0.51

Php P
Packaging Foil Php 460/ roll 0.0007468 roll
0.3435 h
p
Php
Paper Wrapper Php 2 0.07799 roll 2
0.1560 Total Indirect Cost
5
Php1.77
Box Php 21.35/ box box .
92
5
Input Cost per
Direct Labor Monthly Cost Monthly Units 9
Unit
P
Php
 PRODUCT
dark COSTING
chocolate
Cost Category Indirect Cost Monthly Cost Monthly Units Input Cost per Unit

Direct Materials Cost Per Unit Input Required Input Cost per Unit Distribution Php 55,000 29,167 bars Php 1.89

Aratiles fruit Php 100/ kg 20 g Php 2.00 Salaries Php 537,000 29,167 bars Php 10.18

Cocoa Butter Php 20/ kg 37.8 g Php 0.756 Rent Php 250,600 29,167 bars Php 8.59

Cocoa Powder Php 190/ kg 25.2 g Php 4.788 Utilities Php 68,802 29,167 bars Php 2.36

Insurance Php 60,000 29,167 bars Php 2.06

Coco Sugar Php 370/ kg 16 g Php 5.92

Marketing Php 15,000 29,167 bars Php 0.51

Soy Lecithin Php 146.80/ kg 1g Php 0.1468
P
Packaging Foil Php 460/ roll 0.0007468 roll Php 0.3435 h
p
Paper Wrapper Php 2 0.07799 roll Php 0.1560
2
Total Indirect Cost
5
Box Php 21.35/ box box Php1.7792
.
5
Direct Labor Monthly Cost Monthly Units Input Cost per Unit
9

Workers’ Wages Php 120,000 29,167 bars Php 4.11 P

h
Total Direct Cost Php 20.00 p
4
Total Unit Cost
5
 BREAKDOWN OF INVESTMENT
REQUIRED

Machines and Equipment Quantity Price

Drying Oven 1 Php 11,786.00
Chocolate Mixer 1 Php 117,390.00
Conch Machine 1 Php 118,694.00
Depositing Machine 1 Php 391,702.50
Cooling Machine 1 Php 231,041.00
Metal Detector 1 Php 122,273.00
Packaging Machine 1 Php 126,520.00
Total Php 1,171,406.50
BREAKDOWN OF INVESTMENT
REQUIRED
Office Equipment and Furniture Price per unit Quantity Total Price
Office Chairs Php 1,800.00 15 Php 27,000.00
Desk Php 3,400.00 10 Php 34,000.00
Conference Chairs Php 700.00 10 Php 7,000.00
Conference Table Php 12,000.00 1 Php 12,000.00
Wall whiteboard and markers Php 3,200.00 1 Php 3,200.00
File cabinet Php 5,000.00 4 Php 20,000.00
Bookcase Php 2,800.00 3 Php 8,400.00
Fire-safe box Php 3,000.00 1 Php 3,000.00
Paper shredder Php 4,500.00 2 Php 9,000.00
Printer and Scanner Php 8,500.00 3 Php 25,500.00
Photocopier Php 19,000.00 1 Php 19,000.00
Trash bins Php 400.00 6 Php 2,400.00
Fire extinguisher Php 1,300.00 7 Php 9,100.00
Desktop computer Php 18,000.00 3 Php 54,000.00
 BREAKDOWN OF INVESTMENT
REQUIRED
Utilities Price per month Number of Total Salary Expenses Salaries per Total salaries per month
months month
Electricity Php 57,302.00 2 Php 114,604.00 Chief Executive Officer Php 40,000.00 Php 40,000.00

Water Php 7,000.00 2 Php 14,000.00 (1)

Marketing Head (1) Php 30,000.00 Php 30,000.00

Telephone and Php 4,500.00 2 Php 9,000.00
Internet Operations Head (1) Php 30,000.00 Php 30,000.00
Total Php 137,604.00
Foreman (1) Php 18,000.00 Php 18,000.00

Renovation Cost per unit Quantity Total Manager (13) Php 20,000.00 Php 260,000.00

Office Renovation Php 150,000.00 1 Php 150,000.00 Regular Employees (3) Php 18,000.00 Php 54,000.00

Toilet Renovation Php 25,000.00 1 Php 25,000.00 Factory Workers (8) Php 15,000.00 Php 120,000.00

Lightning Php 80.00 17 (office) Php 4,080.00 Maintenance Staff (2) Php 15,000.00 Php 30,000.00

34 (factory) Driver (3) Php 15,000.00 Php 45,000.00

Security (2) Php 15,000.00 Php 30,000.00

Total Php 179,080.00
Total Php 657,000.00
BREAKDOWN OF INVESTMENT
REQUIRED
Legal Fees Cost

Reserve and register business name in Sec Php 40.00

Notarization of Articles of Incorporation, By Laws, Treasurer's Php 1,000.00

Affidavit, and Joint Affidavit of Incorporations

Barangay Clearance Php 500.00

Business Permit Php 2,500.00

Mayor's Permit Php 5,000.00

Annual Registration Fee Php 500.00

Documentary Stamp Tax Php 67.00

Books of account Php 100.00

Printing of official receipts Php 3,200.00

SEC Filing Fee Php 12,000.00

Legal Research Fee (1% of SEC Filing Fee) Php 120.00

SEC Stock & Transfer Book Php 470.00

BREAKDOWN OF INVESTMENT
REQUIRED
Rent Number of Cost per month
Months

Warehouse in Quezon City 2 Php 250,600.00

Total Php 501,200.00

Delivery Price per month Number of Total Price

Months

Truck Php 55,000.00 2 Php 110,000.00

Total Php 110,000.00

BREAKDOWN OF INVESTMENT
REQUIRED
Raw Materials Cost per unit Annual Demand Monthly Demand Monthly Cost
per unit per unit

Cocoa Butter 0.756 12250000 1020833.333 771750

Coco Sugar 5.92 5600000 466666.6667 2762666.667

Cocoa Powder 4.788 4375000 364583.3333 1745625

Dried Aratellis 2 7000000 583333.3333 1166666.667

Milk Powder 1.86 5425000 452083.3333 840875

Soy Lecithin 0.1468 350000 29166.66667 4281.666667

Foil 0.3435 350000 29166.66667 10018.75

Paper Wrapper 0.156 350000 29166.66667 4550

Shipment Box 1.7792 973 81.08333333 144.2634667

Total Php 10,218,935.35

BREAKEVEN ANALYSIS
Year 1

Salaries Expense Php 7,884,000.00

Utilities Expense Php 825,624.00

Legal Fees Php 25,497.00

Insurance Expense Php 720,000.00

Rent Expense Php 3,007,200.00

Delivery Expense Php 660,000.00

Marketing Expense Php 180,000.00

Depreciation Expense Php 182,180.65

Total Fixed Cost Php 13,484,501.65

 PAYBACK PERIOD ANALYSIS
2018 2019 2020 2021 2022
-13,175,922.8
Investment 5

CASH FLOW

YEAR 2019 2020 2021 2022

Sales 35,000,000.00 40,000,000.00 45,000,000.00 50,000,000.00
Less: COGS
Milk Chocolate 7,058,187.50 8,066,500.00 9,074,812.50 10,083,125.00
Dark
Chocolate 9,174,987.50 10,485,700.00 11,796,412.50 13,107,125.00
Total COGS 16,233,175.00 18,552,200.00 20,871,225.00 23,190,250.00
Gross Profit 18,766,825.00 21,447,800.00 24,128,775.00 26,809,750.00
Operating
Less: Expense
Salaries 7,884,000.00 7,884,000.00 7,884,000.00 7,884,000.00
Rent 3,007,200.00 3,007,200.00 3,007,200.00 3,007,200.00
Utilities 1,651,248.00 1,651,248.00 1,651,248.00 1,651,248.00
Insurance 720,000.00 720,000.00 720,000.00 720,000.00
Marketing
Expense 180,000.00 180,000.00 180,000.00 180,000.00
Miscellaneous 10,000.00 10,000.00 10,000.00 10,000.00
Legal Expense 25,497.00 0.00 0.00 0.00
Delivery 660,000.00 660,000.00 660,000.00 660,000.00
Depreciation
Expense 182,180.65 182,180.65 182,180.65 182,180.65
Total
Operating
Expense 14,320,125.65 14,294,628.65 14,294,628.65 14,294,628.65
EBIT 4,446,699.35 7,153,171.35 9,834,146.35 12,515,121.35
Less: Tax (30%) 1,334,009.81 2,145,951.41 2,950,243.91 3,754,536.41
 PROJECTED
INCOME STATEMENT
YEAR 2019 2020 2021 2022

Sales 35,000,000.00 40,000,000.00 45,000,000.00 50,000,000.00

Less: COGS

Milk Chocolate 7,058,187.50 8,066,500.00 9,074,812.50 10,083,125.00

Dark Chocolate 9,174,987.50 10,485,700.00 11,796,412.50 13,107,125.00

Total COGS 16,233,175.00 18,552,200.00 20,871,225.00 23,190,250.00

Gross Profit 18,766,825.00 21,447,800.00 24,128,775.00 26,809,750.00

Less: Operating Expense

Salaries 7,884,000.00 7,884,000.00 7,884,000.00 7,884,000.00

Rent 3,007,200.00 3,007,200.00 3,007,200.00 3,007,200.00

Utilities 1,651,248.00 1,651,248.00 1,651,248.00 1,651,248.00

Insurance 720,000.00 720,000.00 720,000.00 720,000.00

Marketing Expense 180,000.00 180,000.00 180,000.00 180,000.00

Miscellaneous 10,000.00 10,000.00 10,000.00 10,000.00

Legal Expense 25,497.00 0.00 0.00 0.00

Delivery 660,000.00 660,000.00 660,000.00 660,000.00

Depreciation 182,180.65 182,180.65 182,180.65 182,180.65

Total Operating Expense 14,320,125.65 14,294,628.65 14,294,628.65 14,294,628.65

EBIT 4,446,699.35 7,153,171.35 9,834,146.35 12,515,121.35

Less: Tax (30%) 1,334,009.81 2,145,951.41 2,950,243.91 3,754,536.41

Net Income 3,112,689.55 5,007,219.95 6,883,902.45 8,760,584.95

 PROJECTED
BALANCE SHEET
Assets 2022 2021 2020 2019

Cash Php 16,437,330.95 Php 14,848,698.45 Php 13,259,065.95 Php 11,652,585.55

Prepaid Insurance 60,000.00 60,000.00 60,000.00 60,000.00

Prepaid Salaries 657,000.00 657,000.00 657,000.00 657,000.00

Prepaid Rent 250,600.00 250,600.00 250,600.00 250,600.00

Total Current Assets 17,404,930.95 15,816,298.45 14,226,665.95 12,620,185.55

Fixed Assets

Machines and Equipment 1,119,658.50 1,119,658.50 1,119,658.50 1,119,658.50

Office Equipment 325,200.00 325,200.00 325,200.00 325,200.00

Less: Accumulated Depreciation 177,005.85 177,005.85 177,005.85 177,005.85

Total Fixed Assets 1,621,864.35 1,621,864.35 1,621,864.35 1,621,864.35

Total Assets Php 19,025,795.30 Php 17,437,162.80 Php 15,848,530.30 Php 14,242,049.90

Liabilities and Equity

Owner’s Equity 13,145,710.35 13,145,710.35 13,145,710.35 13,145,710.35

Retained Earnings 5,880,084.95 4,291,452.45 2,702,819.95 1,096,339.55

Total Liabilities and Equity Php 19,025,795.30 Php 17,437,162.80 Php 15,848,530.30 Php 14,242,049.90