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NAME OF ENTERPRISE
Bugasan Ni Nyor Jose is a development of the current operation of San Jose MultiPurpose Cooperative, which is rice selling. The name of the project is named after Saint Joseph;
he is the protector of families and the catholic church. The word Nyor comes from the
Visayan language of Senyor which means somebody who is older than somebody else. The
word also implies respect for elderly. In view of the fact that respect dignifies the existence of a
person, that is why the researchers adopted the name Bugasan Ni Nyor Jose in believing that it
will offer optimum quality of service by respecting and satisfying the needs and wants of its
customers.
LOCATION
The Bugasan Ni Nyor Jose is located at the former Holy Child Academy canteen,
Benigno Aquino St., San Jose District, Pagadian City beside San Jose Parish Church and the San
Jose Multi-Purpose Cooperative.
The suppliers of Bugasan Ni Nyor Jose are within Zamboanga del Sur. For computation
purposes, the researchers shall use the Palma Golden Grains Rice and Corn Mill as the supplier.
The 19.32% of the members live in San Jose, Pagadian City. There are more than ten
stores that sell rice in the area.
DESCRIPTION OF THE PROJECT
The San Jose Multi-Purpose Cooperative started its operation in selling rice on November
15, 2011. It currently provides credit of quality and affordable rice to extend non-financial help
to its members. However, this rice provision of SJMC is exclusive for its members only, thus
non-members could not purchase the available rice of SJMC. To whatever degree, the main
purpose of Bugasan Ni Nyor Jose is to increase the population of SJMC members by attracting
the non-members to become one of active members of SJMC and also to increase the value of
the cooperative through rice selling. The researchers propose to extend services to non- members
but with higher selling price than the members.
PROJECTS LONG-RANGE OBJECTIVES
Bugasan Ni Nyor Jose listed the following long-range objectives in relation to their rice
selling project:
FEASIBILITY CRITERIA
The researchers consider the profitability, sustainability, and marketability of the project
in judging the feasibility of Bugasan Ni Nyor Jose.
According to the obtained data, people aged from 1 to 73 are the rice eating people .
Thus, demand for rice is high. The supplier of Bugasan Ni Nyor Jose provides good quality of
rice at a right price; consequently, the project would offer affordable price to its customers. The
Bugasan Ni Nyor Jose will classify their customers according to their potential profitability as;
butterflies, true friends, strangers and barnacles. Through this, the project will build right
relationships with the right customers and as a result the project will yield high profit.
The Bugasan Ni Nyor Jose provides the service of selling rice. The sustainability of the
project depends on its suppliers Danlugan Farmers Multi-Purpose Cooperative and Palma
Golden Grains Rice and Corn Mill. The Bugasan Ni Nyor Jose will treat its suppliers as partners
to strengthen the relationship between them. By that, the Bugasan Ni Nyor Jose will be able to
provide superior customer value and satisfaction to its customers. The population growth of
Pagadian City grows regularly; in this line, the demand for rice also increases due to the increase
of population.
Rice already gained its market for it is the most consumed cereal grain in the Philippines.
In that matter, selling rice in Pagadian City will yield high profit through flyer distribution, radio
advertisements, posters, and sufficient information dissemination from San Jose Multi-Purpose
Cooperative heads to the members.
The
researchers
have
allotted
four
months
to
realize
the
D. Mode of Financing
developed rice selling operation, the National Food Authority requires the Bugasan Ni
Nyor Jose to have at least Php30,000.00 capital.
MAJOR ASSUMPTIONS AND SUMMARY OF FINDINGS AND CONCLUSION ON THE
FOLLOWING:
1. Market Feasibility
The project is feasible because of the following reasons:
a. The rice constitutes the staple food of over 70 million Filipinos and
contributes 35% of the Filipinos total calorie intake;
b. Due to reason number 1, demand will always be high.
2. Technical Feasibility
The project is technically feasible because:
The materials needed in the store preparation are also available locally.
3. Financial Feasibility
4. Socio-Economic Feasibility
5. Management Feasibility
MARKET STUDY
SERVICE DESCRIPTION
The Bugasan Ni Nyor Jose is a service- oriented business. It involves the buying of 25kilo sack of rice from Danlugan Farmers Multi-Purpose Cooperative and Palma Golden Grains
Rice and Corn Mill to the customers which are the members and non-members of the
cooperative. The Bugasan Ni Nyor Jose focus only on their interaction between the suppliers and
customers.
DEMAND AND SUPPLY ANALYSIS
The following table shows the demand, supply, and the corresponding gap for years 2006
to 2016.
The market of rice has a shortage of 4, 054, 555 kilograms. Considering the per capita
consumption of Pagadian City, there are 46, 165 people that need to be served. With the service
of Bugasan Ni Nyor Jose, the need of rice will be served. Having that share in the market is a big
opportunity for the researchers to offer the service of rice selling.
PRICE STUDY
The researchers have canvassed the price of similar and substitute rice products of
Masipag Head Rice.
Variety
Bernard Y.
Abasa
Angelika
35/kilo; 1,700/sack
39
Headrice
HRV-10
35/kilo;
Price
36.33
1,680/sack
39/kilo; 1,850/sack
39
39/kilo;
37/kilo; 1,800/sack
39
35/kilo; 1,700/sack
35.75
1,840/sack
V-12
34.50/kilo;
1,670/sack
V-10
39/kilo; 1,850/sack
Mimis
35/kilo; 1,720/sack
36
36.69
33/kilo;
35/kilo; 1,700/sack
34.33
34/kilo; 1,700/sack
34.75
28/kilo; 1,400/sack
28
1,640/sack
7-Tonner
34/kilo; 1,680/sack
34
37/kilo;
1,760/sack
28/kilo;
1,300/sack
28/kilo;
28
1,300/sack
NFA (c-4)
27/kilo; 1280/sack
26
26/kilo;
26.33
1,250/sack
Supremo
35.50
33/kilo;
34.25
1,640/sack
Masipag
37/kilo;
(Headrice)
1,800/sack
Yellow corn
23/kilo;
37
23
1,090/sack
Vita-rice
35/kilo;
35
1,680/sack
SM
33/kilo;
(Masipag)
1,640/sack
Angelika
37/kilo;
(Headrice)
1,760/sack
Jasmine
36/kilo;
(Headrice)
1,700/sack
Bordagol
34/kilo;
1,680/sack
35/kilo; 1,700/sack
34
36/kilo; 1,740/sack
36.5
37/kilo; 1,800/sack
36.5
34
Demand may be influenced by the change of the income of the members, their taste
preference, number of family members, the price of substitute and similar rice variety and the
credit policies of SJMC.
The supply maybe influenced by the weather conditions or seasons, competitors,
production and transportation cost, and price of the product.
MARKETING PROGRAMS
The marketing programs are: flyer distribution, radio advertisements which cost Php1,
500.00 per month, posters, and sufficient information dissemination from SJMC heads.
Every kilo of rice will have a mark-up of Php5.00. A 25-kilo sack of rice will be sold Php
850.00. If members will purchase, they will have a discount of Php2.00 per kilo making the sack
of rice only Php800.00.
The non-members cannot avail the Php2.00 discount for every kilo.
DISTRIBUTION PROCESS
Suppliers
Members / Customers
TECHNICAL ASPECT
PRE- OPERATION: THE GANTT CHART
Months
1
Feasibility Study
Business Permit
Management System
Organization
Renovation
Purchase Store Supplies
Contact the Suppliers
Information Dissemination
Start of Operation
The Gantt chart shows the planning process in operating a business. The first
month covers the feasibility of the project in the market. The next month is for the verification of
documents (business permit), organization of the management system and store renovation.
Purchase of store supplies and supplier contact covers the third month. Information
dissemination includes radio advertisements, posters, and flyers will be done in the fourth month
as well as the start of the business operations.
OPERATION
1. RICE PROCUREMENT
a. Supplier Contact.
Establish relationship with the suppliers
b. Negotiation.
Negotiations concerning price and delivery schedules are established.
c. Reordering
After the rice inventories are all sold, reordering will be done.
1. SELLING PROCESS
The rice inventories are sold cash to non-members and members. However,
credit is also available to members.
2. COLLECTION PROCESS
Members are given one month to pay for the rice purchased on credit.
EQUIPMENT
Bill Detector
Weighing Scale
Calculator
Record Book
Stapler
Carbon Paper
Staple Wire
Cash Invoice
Ceiling Fan
Delivery Receipt
STORE PREPARATION
Lumber 1x1
Lumber 2x2
Nail No. 1
Nail No. 3
Paint
Plywood
PROJECT COST
Machinery & Equipment
Php 59.75
Bill Detector
Php 549.75
Calculator
Php 595.0
Stapler
Php 110.00
Staple wire
1 box
Php 43.50
Ceiling Fan
Php 350.00
Weighing Scale
Php 2200.00
Record book
Php 36.00
Carbon Paper
Php 7.50
Cash Invoice
1 doz.
Php 700.00
Delivery Receipt
1 dozen
Php 700.00
Php5,351.50
Lumber 1x1
10 pcs.
Php120.00
Lumber 2x2
10 pcs.
Php280.00
Nail
1 kl.
Php90.00
Nail No. 3
1 kl.
Php90.00
Paint
4L
Php350.00
Plywood
3 boards
Php750.00
No. 1
Php 1,680
Php7,031.50
Php50.00
Zoning Fee
Php50.00
Secretarys Fee
Php50.00
Php50.00
Subscription Fee
Php10.00
Php60.00
Php100.00
Garbage Fee
Php200.00
Php100.00
Php400.00
Php1, 070.00
Verification of Documents:
Barangay Clearance
Php300.00
Sanitary/Health Clearance
Php200.00
Php100.00
Others:(specify) OBO
Php300.00
Php900.00
Php1,970.00
RENT
The Bugasan Ni Nyor Jose is situated in the former canteen of Holy Child Academy,
beside San Jose Parish Church and San Jose Multi- Purpose Cooperative. Rent Expense per
month is Php2, 500.00.
UTILITIES
Electricity is the sole utility to be used in the Bugasan Ni Nyor Jose.
WASTE DISPOSAL
Sweeping is the manner of waste disposal of dust produced in storing and selling rice.
The dust is thrown in the city- prepared garbage cans.
LABOR REQUIREMENT
The various jobs necessary for the operational stage are:
Delivery Boy
Sales Clerk
FINANCIAL FEASIBILITY
MAJOR ASSUMPTIONS
1. Credit Term
A member can avail rice for credit. It should be paid within one month and a
corresponding 0.5% daily will be imposed if not paid on time.
2. Sales Discounts
A non-member, upon purchase of rice, cannot avail of any discount. A member,
however, can have Php. 2.00 discount per kilo purchased.
3. Labor and Management Compensation
The Bugasan manager shall receive Php.____monthly. The sales boy shall
receive Php.____. The salaries shall increase ___ % upon the start of the year.
4. Inventory Costing
Every kilo of rice shall have Php 5.00 mark-up.
5. Product Mix
Bugasan ni Nyor Jose shall only sell Masipag Head rice.
6. Tax Exempt
Bugasan ni Nyor Jose shall not be imposed any tax by the government.
7. Price Ceilings
Total Project Cost: Non-Current Asset
Rental Fee
Store Preparation
- Water
- Electrical Connections
- Renovation
Legal Requirements
Equipment Purchases
Waste Disposal
- Broom
- Dustpan
- Garbage Bin
Total NCA
Inventory Investments: Current Asset
Purchases (Rice)
Freight/Delivery
Total CA
Total Assets or Total Project Cost
Sales (175 sacks x Php850)
Cost of Sales (Php770 x 175 sacks)
Net Sales
Less: Rent
Electricity
Salaries Sales Lady
P3, 500
Boy
2, 500
Advertisement
Net Income
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
P148, 750
(134, 750)
14, 000
2, 500
250
6, 000
1, 500
3, 750