Banana Peal Feasib

TABLE OF CONTENTS
Title Page ……………………………………………………….…………...i
Approval Sheet …………………………………………………..………..……...ii
Acknowledgment……………………………………………………………..………...iii
Table of contents ….…...…………………… …………………………….……...1
Executive Summary………………………………………………………..…………..4
Chapter I: INTRODUCTION
Rationale and background of the study……….……..…………………..6
Statement of the Problem ……………….………………………...……..... 8
Significance of the Study ……………………….……………..…………… 9
Scope and Delimitations …..………………………………….……………. 10
Definition of Terms..……….…………………………………..…..………... 10
SWOT Analysis…..………………………….…..……………………........... 11
Business Name…..………………..………………….……………..……….. 16
Business Logo……………..………………………….……………....………. 16
Chapter II: MARKETING ASPECTS
Business Description……….…………….......…………..…………..…… 18
Description of the Product……….…………..……….………..…..……….19
Quantification of Supply……………………………………………………..20
Quantification of Demand……………………………………………………22
Consumer Analysis……………………………………………………..........24
Supplier Information…………………………………………………………..27
Competitors Profile……………………………………………………………. 30
Marketing Mix……………………………………………………………………31
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Chapter III: TECHNICAL AND PRODUCTION ASPECTS
Product Procedure………………….……….…….………………………..…38
Flowchart of Activities…………………..….…………...…………………...41
Gantt Chart …………………………………….………………………….......43
Production Timetable ……………………………………….……………..…44
Facility Layout…………………………………………………………………. 45
Initial Investments……………………………………………………….…… 48
Chapter IV: ORGANIZATIONAL AND MANAGEMENT PLAN
Form of the Business…………………………….…….………………….….55
Organizational Chart…………………………………..…….….…………… 56
Duties and Qualifications of Personnel ……....……………………….. 57
Policies of the Proposed Business…………………………………….…… 60
Operating and Work Schedule……………………………………….……..60
Chapter V: FINANCIAL ASPECTS
Major Assumption….…………………………..…………………………….. 63
Financial Statements
A. Income Statements………………………………………………..65
B. Statement of Changes in Equity……………………………....65
C. Statement of Cashflow………………………………………......66
D. Statement of Financial Position……………………………..…66
Notes to Financial Statement………………………………………………..67
Financial Ratio…………………………………………………….…….……..74
Chapter VI: SOCI-ECONOMIC ASPECTS………………………………..………78
Conclusion……………………………………………………………………....80
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APPENDICES
Appendix A: Individual Survey Questionnaire…..….…….……..…….. 83
Appendix B: Total Tally of Survey …………………………………….……85
Appendix C: Survey Result………………..………….……………………;.88
Appendix D: Interview Questionnaire for Retailers.……….…………..91
Appendix E: Result for the Retailers Survey………………..……………92
Appendix F: Articles of Partnership………………………………………..93
Appendix G: DTI Registration…………………………………..…………..96
Curriculum Vitae ……………….………………………………………................97
References………………………………………………….……………….………..102
Rate of Grammar and Plagiarism Test……………………………………….103
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Executive Summary
SoLit is a business engage in processing and distributing Patty that is
made up of banana peel that is store in a round plastic food container. It offers
healthy and delicious food by bringing a quality product that will satisfy the
need for food that everyone would love. The business is located at Morales St.
Nilombot Mapandan Pangasinan.
According to the Philippine Statistics Authority (PSA), Saba banana
ranked second on the banana production as of January to March 2019 with a
total of 25.0 percent of the total banana production. Mabuhay Special Food
Products will be the business supplier of banana peel.
Based on the survey conducted by proponents in the target market, out
of 93 individuals, there were 68 individuals who are willing to try our product
and willing to buy. Based on the Department of Trade and Industry (DTI),
Dagupan City, as of 2018, there is no registered processed banana peel
establishment within the province of Pangasinan.
The strengths of the business are pioneering the product, healthy/
nutritious content, and also affordability, while the weaknesses are brand
reputation and outdated technology. The opportunities are an abundant supply
of raw materials, government support, and partnership to the supplier, while
the threats are the competition, customer perception and easy to imitate. The
company will provide superior customer satisfaction and inform the customers
about the false allegation regarding banana peel through the help of social
media.
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The business will produce 21 boxes of SoLit Patty which will contain 12
containers per box which will be distributed to the 7 retailers around Dagupan
City. The business will be having its existing indirect competitors such as the
CDO, Pampanga’s Best, Highlands and WOW Ulam. To market the product,
SoLit will be using social media platforms and tarpaulins to easily promote the
business.
The total investments are P 230,000 that includes business registration,
renovation cost, advertising and marketing expense, furniture and fixture, office
equipment, kitchen utensils, office and operational supplies, initial inventory,
utility expense, and the contingency fund. A payback period of 3.72 years and
the return of investment (ROI) OF 12.65% for the 1 st year and 59.12% for the 5th
year. SoLit will have a net income for 5 years amounting to P 29,099.30, P 53,
066.74, P 74, 791.86, P 101, 631.57 and P135,966.64 respectively.
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CHAPTER 1
Introduction
Rationale
Bananas are one of the most widely consumed fruits in the world and
according to ManilaTrade, the worldwide consumption of bananas is around
220,000 tons a day or 80 million tons per year. It is the most economically
important fruit crop in the Philippines. According to the Philippine Statistics
Authority, as of January to March 2019, the production of banana goes 2.11
million metric tons.
Cardova Bananas or Saba is one of the types of banana growing in the
Philippines and it’s very popular in the market. Saba banana has a delicious
taste, aside from being delectable fruit, it also contains health benefits to the
body. According to the Philippine Statistics Authority (PSA), Saba banana
ranked second on the banana production as of January to March 2019 with a
total of 25.0 percent of the total banana production.
As bananas, whether eaten raw or cooked are popular fruit consumed
worldwide, there is a significant amount of banana peel being generated as well.
Banana peels are used as feedstock as they have some nutritional value. It is
widely used for that purpose for small forms in regions where bananas are
grown. Banana peel, known as a banana skin in British English, is the outer
covering of the banana fruit. Banana peels are not poisonous, and it is edible.
In fact, just as bananas are packed with nutrients, their peels are also packed a
punch nutritionally. The banana peel actually contains more fiber and
potassium than the flesh of the banana. It also contains tryptophan, an
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essential amino acid which is a mood enhancer. Banana peel is a good source of
vitamin A and B6. It also contains minerals like calcium, manganese,
magnesium, and sulfur. Banana peel also contains antioxidants including
lutein and phytochemicals. It can be a remedy for treating various health
conditions.
According to the article published by the International Journal of Waste
Resources, the amount of agricultural waste all over the world has been
increasing rapidly. The Philippines has ranked third in the top banana
producing countries in the world based on Worldatlas. The increase in the
production of Banana in the country had also increased the production of its
waste commonly known as its peels. For many people, especially Filipinos,
banana is a convenient, tasty, single-serving snack and also an ingredient to
many Asian dishes. Many people buy banana as part of their menu in every
meal, gathering or any occasion. But after eating the flesh of the banana, people
throw it away anywhere. According to EcoWatch, 12% of the weight of the
banana is the peel where 780 million in pounds of peel are headed on the
landfills where this peel emits methane that is a harmful greenhouse gas and a
major contributor to climate change. There is a need to adopt proper
approaches to reduce agricultural waste. Given this harmful effect of a banana
peel on the environment, one thing that people don’t know about it is that it is
not poisonous, and it is edible at the same time it is composed of nutrients that
are good for health.
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Therefore, the proponents conducted this study, a patty that is made up
of banana peel to help reduce the agricultural waste in the Philippines and to
help every people to have a nutritious and healthy body.
The proponents intend to conduct this study to know if banana peel will
be a good worthy product that could be a trend to people and also have
knowledge on how to use banana peel instead of throwing it away. The
proponents want to know if a burger patty that is made up of banana peel can
be a good source of nutrients not only for the children but also for all ages.
Statement of the Problem
It sought to answer the following questions.
1. What is the viability of banana peel patty in terms of;
A. marketing aspect;
B. technical and production aspect;
C. organization and management aspect;
D. financial aspect; and
E. socio-economic aspect?
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Significance of the Study
The result of this study may hopefully give a comprehensive significance
to the different sectors of society:
Community
The product will be beneficial to the community where the business is
located. A patty made up of banana peel will be successful because of the
booming demand for vegan products. This can be a product of the community
that can give extra income for community projects. It will also help reduce the
number of banana peels that are only thrown away everywhere.
Target Market
The target market for this study is the students, people in the
municipality, people passing by the municipality/ tourist and also the vegan
people. This study is beneficial to the target market because it will help them to
familiarize themselves with a healthy patty that can help the body become
strong. This product was also good for people who are vegan people. It will also
give a piece of extra knowledge to students that they can make an extraordinary
thing out of fruit peels.
Researchers
The proponents will have further knowledge about this study, and they
will be able to produce a beneficial invention that can also help small families
and farmers to save money that reserved for patties out of meat. The
researchers will also contribute to the market because if ever the study will be
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successful it can produce patties that are made up of banana peel that is not
expensive and most especially healthy.
Scope and Delimitations
The proposed business will be located at Morales Street, Nilombot
Mapandan, Pangasinan. The business manufacture and distribute SoLit Patty
in Dagupan City. The proponents chose Dagupan City because the municipality
has a growing competitive and competent business environment. It is also a
great and accessible place to establish a business in which different customers.
This product will most likely popular and enjoyed by students, tourists
and other people passing by the municipality with the age of 13 and above
because it was very affordable, delicious and also it is nutritious. This product
will also be possible to vegan and vegetarian people to help maintain and
achieve a healthy lifestyle, also it is accessible to different cities and
municipalities to locate the location and feed their curiosity about the product
we are offering.
Definition of Terms
To facilitate the understanding of the study, the researchers gave the
operational definition of terms that will be used in the study.
Banana Peel. in this study, it is the outer covering of the banana fruit.
This is also served as the main ingredient in the product that the proponents
will make.
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Financial Aspect. shows the projected financial statements and their
variation in different years.
Marketing Aspect. focus on determining and analyzing the demand and
supply of the products, analyzing the target market and designing the
marketing program. It contains business description, quantification of demand
and quantification of supply.
Organization and Management Aspect. present the form of the
business ownership, organization structure which includes the officer key
personnel
Patty. this is the finished product of the study made up of banana peel.
Socio-economic Aspect. presents how entities and other projects
proponents will benefit as a result of the project
SWOT Analysis
SWOT is a strategic planning tool used to evaluate the strength,
weaknesses, opportunities, and threats of this project.
Strengths
Pioneering Product
According to the Department of Trade and Industry when we conducted
an interview, there is still no existing supplier of such banana peel patty or even
a manufacturer of such a product. Because of this information, it is a great
opportunity to catch attention and get popular in the market. Innovating
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products is a classic method of generating business growth. Through this
information, to sustain this strength, the business will be innovating products
and sell them to new and existing customers. A product that is also made of
banana peel that will be a trend for the consumer/ customers.
Healthy/ Nutritious Content
Unlike meat patties that have lots of saturated fats and animals’ proteins
contain much more sulfur containing amino acid-like methionine and cause
lots of health problems, the patty that is made up of banana peel has contained
more fiber and potassium than the flesh of banana. It also contains tryptophan,
an essential amino acid which is a mood enhancer. Banana peel is a good
source of vitamin A and B6. It also contains minerals like calcium, manganese,
magnesium, and sulfur so consumers particularly vegetarians, vegans and
other people following a special diet, will patronize this new product because of
the benefits that this product may contribute to their health. There are no
preservatives added on this SoLit Patty.
Affordable
Along with this benefit, it is also affordable. Providing product at the
lowest price point in the market will surely attract customers and consumers.
Compare to the indirect competitors of our product, meat patties price was
ranging P50- 60 per container, while Solit Patty will sell the product, P39.00 per
container for the distributor and the suggested retail price was P45.00 each
container. SoLit Patty is affordable because of lower production costs yet
delivering high quality of the product because of the nutritional benefits of this
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that the body can get. To sustain this strength and can build high- quality
brand, SoLit Patty will be focusing on making features that are above and
beyond the competitors.
Weaknesses
Brand Reputation
Since there are already products that have familiar brands, the brand
name is currently considered weak and unfamiliar to the target market. To
solve this problem and strengthen it, the business will find a way on how to
improve the business such as providing services that will satisfy the demand of
the customers.
Outdated Technology
SoLit Patty doesn’t have lots of technology compare to the making time
goes slowly and this may consider the problem of losing a customer. The
Department of Science and Technology (DOST) suggests that since it is a
starting business, if possible don’t use expensive technology, otherwise if ever
do the manual process.
Opportunities
Abundant Supply of Raw Materials
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Banana particularly Saba or Cardava production in the Philippines has
been increased to 27.8% of the total production of banana-based on the
Philippine Statistic Authority (PSA). As SoLit Patty is made of banana peel as
its main ingredient, the supply of it is available all year round and this is an
indication that the supply of the main product in production is enough.
Government Support
Department of Trade and Industry (DTI) has the program where they will
assist and encouraged young entrepreneurs to put up a business and they will
grant funds and loans to invest that will help a business to expand and grow
quickly. DTI has given SoLit Patty the chance to qualify for their program.
Partnership to the Suppliers
Mabuhay Special Food Products is a manufacturer of camote chips,
chicha corn cheese, chicha corn garlic, taro chips and also banana chips from
Brgy. Moreno, Binalonan Pangasinan. As they are producing banana chips and
only the flesh of the banana is needed on their business. SoLit Patty and
Mabuhay Special Food Products decided to have a partnership. We will also be
supplying them with our product and introduce it to the other constituents.
This is a great opportunity for the business because in that way the product will
easily know or recognized on the market also to the consumers.
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Threats
Competition
When customers find other burger or service better than us, our
business will drop it. All we can do is keep level and add more resources,
always release promotion to remind customers “we are here!”
Familiarize brand competitors. Since SoLit Patty was a newly
established business, consumers are already familiarized with the products of
the competitors and already have their own favorite brand. This was considered
a threat to the business so that the business will be improving its product so
that it will be having the same level as the competitors or higher.
Customers Perception
The perception of customers that banana peel is trash. Some people
thought that banana peel is not edible and poisonous, because of this, the
business will be having difficulty to be known. The business will be having a
free taste on the consumers so that there is no doubt about buying SoLit Patty.
Easy to Imitate
Because of the easy production of this banana peel patty, some
competitors will easy to imitate the product. To overcome this threat, SoLit
Patty will be keeping on innovating and improve the existing products as fast as
the business can and add new ones on the line.
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Business Name
The proponents decided to name the product as SoLit Patty because
aside from being affordable, delicious and nutritious, in Tagalog term “Sulit na
Sulit”, we also adopt the millennial term Lit which means extremely cool,
exciting and crazy. As consumers know that it is made up of banana peel, they
will think that it was cool and excited to taste it and they will think that instead
of throwing the peel of a banana, there is a way to lessen the waste of a banana.
Logo
Figure 1.1 Company Logo
The logo of the business shows a peel of the banana particularly Saba
(Cardava) banana that serves as the main ingredient wearing a chef hat and
holding a burger with a patty representing the banana peel patty. As SoLit Patty
will be using unripe Saba, the business used color green as its color. The face of
the banana with a happy connotes that the product is safe and edible. The
smoothness and softness texture of the banana peel in the logo signifies that
the product will also be benefiting the skin of consumers and customers. Since
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the product that the business offered is totally sealed and put in a safe
container, the circle also portrays security and protection.
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CHAPTER 2
MARKETING ASPECTS
Business Description
The proposed business will be a manufacturer of patty located in Morales
Street, Nilombot Mapandan Pangasinan. SoLit Patty wants to establish a large
regular customer base and will concentrate it is business and marketing on the
students and local residents which will be the target market. The business
plans to build a strong market position in town for it is the only business that
provides banana peel patty. SoLiT Patty also aims to offer its products at a
competitive price to meet the demand of the target market.
SoLit Patty is equally owned and managed by two partners who are a
competent student currently taking up an undergraduate bachelor’s degree.
One of the partners is Michael John R. Soriano, 20 years old, who lived at
Morales Street, Nilombot Mapandan Pangasinan. He is currently taking a
Bachelor of Science in Accountancy. His co-partner is Abegail B. Drilon, 21
years old, who lived at Poblacion, Burgos Pangasinan. She is currently taking
Bachelor of Science in Business Administration major in Financial
Management.
The proponents will be operating and establishing a partnership
business organization wherein the proponents bind themselves to contribute
money, skill and service into a common fund with the intention to share profit
equally among themselves.
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Description of the Product
Originally patties in the Philippines are made up of ground meat that
cannot be eaten every day as part of a healthy diet. Burgers loaded with meat
patties usually serve as a quick lunch of every student, people who are in a
hurry and have limited time to eat or on a diet and it’s found on every street
corner. But eating burgers with meat patties are bad if eaten every day. They
are delicious and believed to contribute to weight gain and also have another
harmful effect on the health of a person.
The human body requires a variety of
nutrients for it to run effectively and
efficiently. In order to get all the nutrients
that the body requires, it is needed for a
person to eat a portion of nutritious food.
SoLit Patty offers a product that is
affordable and beneficial to a person’s
health. SoLit Patty introduces a patty that
is made up of banana peel. It is 100%
edible and not poisonous. It contains 80 percent of banana peel that make it
the product's main ingredient and the remaining
percentage was the other spices that give the patty
more flavorful.
Saba is the type of banana that the
proponents decided to use because there are
nutrients like Vitamin B6, Vitamin C, Manganese,
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Protein, Fiber, Potassium, iron, Vitamin A that make it extremely beneficial
for health. It also has the ability to improve digestion, regulate circulation,
lower blood pressure, improve metabolic processes and strengthen the immune
system.
QUANTIFICATION OF SUPPLY
Based on the Philippine Statistics Authority (PSA), there are 2.11 million
metric tons of banana production in the Philippine as of January to March
2019 and 25 percent of that total production is the Saba (Cardava) banana with
a total of 527,500,000 metric tons.
Based on the interview conducted by the proponents to the Department
of Trade Industry (DTI) as of this year 2019, there is still no registered
manufacturer of patties within the Pangasinan. The reason for DTI from this is
if there is a manufacturer of patties, the owners did not register it to them. Also,
due to lack of equipment, technical capabilities and can produce a small
amount of patty.
The proponents interviewed seven sellers of frozen foods around
Dagupan City namely Competitor A, B, C, D, E, F, and G. It shows the supply
and demand of patty.
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Table 1
Supply and Demand of Meat Patty around Dagupan City
BUSINESSES SUPPLY DEMAND
Competitor A 16 box per week 14 box per week
Competitor B 10 box a day 7 box a day
Competitor C 10 boxes twice a week 4 box a week
Competitor D 8 box per week 8 box per week
Competitor E 1 box per week 1 box per week
Competitor F 10 box per week 7 box per week
Competitor G 5 box per week 5 box per week
TOTAL 60 box per week 47 box per week
Table 1 shows the supply and demand of meat patty around Dagupan
City. The proponents surveyed this indirect competitor based on their capacity
and availability. As the table shows, the supply is greater than the demand for
the customer/ consumer of meat patty. The proponents saw this as an
opportunity because this data shows that the preference of the customers
regarding meat products decreases due to the negative effect of meat products
to their health. According to the interview conducted to the retailers of meat
patties, their consumers nowadays is looking for a delicious meal that is
healthy at the same time.
QUANTIFICATION OF DEMAND
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According to Dudez Perez (2019), over the past decades, there has been
an increase in veganism in the Philippines. There are already 304 vegan and
vegetarians’ restaurants that are sprouting all over the country (J. Joven,
2018). The generation of millennials, especially those from developing nations
for this lifestyle, seem to be more willing to shift an ethical lifestyle and spend
more money on products that align with their values including purchasing
vegan foods. Dudez gives some varied reason for people changing to be a vegan.
These are health reasons, animal rights, reduce carbon footprint and
spirituality.
Rafael Castillo, on his article in INQUIRER. NET, one religious group
which has incorporated its health teaching in its policies is the Seventh Day
Adventist where meat is generally avoided and encouraged to eat a well-
balanced plant-based diet. One of the big incentives for vegans is the increase
in average life spans. Based on the AHS, it showed that an increase in life span
by 6.2 years in men and 3.7 years in women.
This study proves that there is a booming demand for vegan products.
Demand is the quantity of a good or service that consumers and businesses are
willing and able to buy at a given price in a given time period. Demand is also
defined as the underlying force that drives economic growth and expansion. The
proponents conducted a survey and distributed it on individuals and those who
are buying frozen foods to determine the demand percentage in Dagupan City.
A total of 93 respondents respond to the interview.
Table 2
Percentage Distribution of Willing customers to buy "SoLit Patty"
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Preference Respondents Percentage
Yes 68 73
No 25 27
Total 93 100
The table shows the percentage of Frozen Foods who are willing to get
SoLit Patty as their supplier. Out of 93 respondents, 68 respondents (73%)
answered yes and 25 respondents (27%) answered no.
Table 3
Percentage Distribution of Willing Frozen Foods Businesses to get
"SoLit Patty" as their supplie
BUSINESSES DEMAND OF PATTY
Retailer A 5 box per week/ 60 containers
Retailer B 3 box per week/ 36 containers
Retailer C 2 box per week/ 24 containers
Retailer D 2 box per week/ 24 containers
Retailer E 3 box per week/ 36 containers
Retailer F 4 box per week/ 48 containers
Retailer G 2 box per week/ 24 containers
Total 21 box per week/ 252 containers
 1 box= 12 containers
 1 container= 6 patties
Table 3 shows the businesses that are willing to be supplied by SoLit Patty.
It also shows how many they would like to order per week. All of these
businesses were registered on the list given by the DTI. Every month there will
be a market share of 84 boxes of SoLit Patty.
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No
27%
Yes
73%
Yes No
Figure 2.1
Pie Graph of Willing customer/ consumers to buy "SoLit Patty"
Consumer Analysis
The target market of SoLit are the retailers of frozen foods around
Dagupan City and also vegan and vegetarian people. Its main focus is to cater
to the necessity of the individuals such as students and employees by providing
a healthy, delicious and high-quality instant food that is suitable for their
budget.
The demographic and economic profile of the target areas are as follows:
Dagupan City is located in the Northern part of Pangasinan province and
is 212 kilometers north of Manila. With a total land area of 4,008 hectares. The
last known population of individuals in Dagupan City was 171 300 in the year
2015 and that was 0.17% of the total population in the Philippines. PSA
estimated that if the population growth rate would be the same as in the period
2010-2015 which is +0.91%, the Dagupan population in 2019 will be 177, 600.
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With the faster growth of the population in Dagupan City, the proponents
took the opportunity to capture larger consumers.
The proponents conducted a survey last August 19- 23 on its target area
which is Dagupan City with 7 retailers of frozen foods and 93 random
respondents to gather data and inquire information regarding their acceptable
demand of SoLit Patty and also to further understand the significance and
impact of introducing a new product in the market. It is important for the
proponents to fully analyze the status of the respondents to help understand
their capability as the possible consumer to purchase of SoLit Patty in the
market.
As part of the survey
questionnaire, the proponents
ask individuals if how frequent
they purchase goods in the
market. As a result, 50% out of
93 respondents answered that
they are buying goods daily, 34%
answered once a week and 16% answered twice a week.
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On the other hand, demand for the product exists since 68 out of 93
individuals of the respondents
are willing to buy the product
due to their curiosity about the
product and that the
respondents think that the
product can cater the needs of the healthy living individuals especially vegan
people by providing a healthy, delicious and high-quality instant food that is
suitable for their budget. The remaining 25 would prefer not to buy the product
and their main reason is they are afraid of the taste and also try it.
Also, the proponents surveyed seven (7) retailers around Dagupan City
based on their availability and capability. In the first year of operation, there
will be 252 boxes to be produced per week. The different retailers that SoLit will
distribute it produce a product will be the Competitor A, B, C, D, E, F, and G.
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QUANTITY TOTAL QUANTITY TOTAL QUANTITY
DEMANDED FREQUENCY OF ORDERED (WEEK) ORDERED (MONTHLY)
Target Market
(BOX/12 ORDER PER WEEK BOX CONTAINER BOX CONTAINER
CONTAINER)
Competitor A 5 1 5 60 20 240
Competitor B 3 1 3 36 12 144
Competitor C 2 1 2 24 8 96
Competitor D 2 1 2 24 8 96
Competitor E 3 1 3 36 12 144
Competitor F 4 1 4 48 16 192
Competitor G 2 1 2 24 8 96
TOTAL 21 252 84 1008
This was the respondents’
preference in buying patties in the
market. SoLit will focus on giving
affordable and healthy foods for
everyone. Also, the parts of the
respondents’ preference are the
price and packaging which the
proponent can capitalize as
compared to the existing competitors.
SUPPLIERS INFORMATION
Supplier of Banana Peel
Mabuhay Special Food Products
Owner/ Manager: Letecia (Letty) C. Larosa
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Location: Brgy. Moreno, Binalonan Pangasinan
Contact #: 0927-638-3026
0995-487-5902
Email Address:
larozaletecia@gmail.com
M a b u h a y S p e c
established by the father-in-law of
Mrs. Laroza in the year 1995. In the
year 2007, the business was
turnover to his son which is the
husband of Mrs. Laroza. According
to her, at first the operation of their
business was a wholesaler of only
one product which is the chicha
corn but since 2015 when they come
up to a decision to finally make
banana chips, camote chips, taro
chips and a two flavor of chicha corn which is cheese and garlic.
Mabuhay Special Food Products produces 1000 kilos of banana chips a
day with 1000 kilos of unripe Saba banana. Since only the flesh of the banana
is needed on their business, they usually throw the banana on their farm, give
it to the people who needed those peels or sometimes dispose of it on landfills.
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According to them, they were disposing of banana peels every Sunday of the
month. SoLit Patty and Mabuhay Special Food Products had an agreement to
leave a clean container on where to put the banana peels and every Sunday of
the month is the collection of the banana peel.
These products are not all from Mabuhay Special Food Products.
Mabuhay Special Food Products attends seminars where they meet with
different organizations until such times that they became a part of an
organization where the small, medium enterprises trade or exchanging
products. One can exchange its products to another.
Condiments and Seasonings
CSI Mangaldan
Location: Rizal Street, Mangaldan, Pangasinan
CSI Mangaldan offers a wide selection of food products and household
equipment for a more convenient and accessible shopping experience. The
proponents will get its supply of condiments and another seasoning in CSI
Mangaldan because it is accessible and near to the production area of the
business and it is cheaper than other supermarkets.
Competitors Profile
The following brands are indirect competitors of SoLit Patty for it offers
also patty. They have already established their names and have a strong
29
market. Usually, this product is the most companies that offer patties in the
market that’s why it considered an indirect competitor.
1. CDO
CDO has been in the industry of processing for
several years now. Using high-quality and state-of-the-are
Figure 2.2 CDO
food processing equipment, CDO creates quality and safe food packed with
nutrition for the whole family. Whether meat, beef or chicken, CDO selects
ingredients to make a delicious meal for everyone.
2. Pampanga’s Best
Pampanga’s Best, Inc. is a multi-million meat
processing corporation, operated and owned by the

Figure 2.3 Pampanga's Best
the couple, Mr. Angelo D. Hizon Jr. and Mrs. Lolita O. Hizon, and their twelve
children. It manufactures eleven core products such as tocino, hotdogs,
longaniza, ham, bacon, tapa, burger patties, corned beef, embotido, barbecue,
and nuggets.
3. Wow Family Burger
Wow offers a wide range of value for money,
quality Fresh Processed Meat products that are
delicious, flavorful and has the right Pinoy-blend of
30
sweetness and saltiness that kids will surely
Figure 2.4 WOW
love.
Marketing Mix
Product
The company will produce a product that
will be made and prepared in a clean and organized environment to ensure
safety and quality. The proponents’ objective is to produce at a cheaper cost yet
great quality patty and to encourage the locals to patronize vegan food that will
surely satisfy their tastes and preferences. The product is guaranteed nutritious
and delicious.
The product is guaranteed fresh and no preservative added since the raw
materials are processed immediately after it was bought. The shelf life of a
banana is difficult to determine because there is no sell-by date, use by date or
best before date attached anywhere to bananas. DOST or Department of
Science and Technology that there is no specific ingredient to make a processed
banana peel last longer except freezing. The processed banana peel should be
put in a freezer with a maximum temperature of -18 degrees Celsius and below
so that the quality of the product will stay remain. SoLit Patty, when properly
stored, the shelf life beyond the purchase date is 2-3 months. Proper food
storage includes eating healthier, cutting food cost and helping the environment
by avoiding waste.
31
For the packaging, firstly, the product is stored in the plastic food
containers which is airtight making the product stay fresh for longer. Also,
these plastic food containers also come with tamper lids; this is to stops the
packaging from being damaged. Tamper-proof lids make the product look safer
as they keep it safer that will increase the customer more likely to buy the SoLit
Patty. It also reduces the chances of the product being returned as the tamper-
proof container clear design means there’s no way
a consumer/ customer could buy a product with it
visibly seeing something wrong at first. The plastic
food containers were used as the packaging of the
SoLit Patty because it is freezer safe. There is no
harm that will come to the product if there is a
need to store the product for a period of time in the
freezer. This plastic food container is usually made of polypropylene that is
considered as the safest plastic and not contains BPA. It is also have not any
adverse problem or have the contaminants been found to produce toxic
responses.
Department of Science and Technology (DOST) says that the labeling of
the product must contain the mandatory requirements of the FDA. The labeling
of the product consists of ingredients, manufacturer, preservatives, nutritional
facts and also product testing. Product testing is important because this will
assure that the product, we are offering is safe and edible for the customers and
consumers.
32
Also indicated on the labeling the conformity of the product to the FDA.
An FDA certification is the assurance of consumers that the product is safe,
wholesome, sanitary and properly labeled. FDA is a government agency in
charge of protecting public health by assuring that foods are safe to consume
by people.
Price
SoLit Patty will offer the products at a very reasonable price. The
proponents used a cost-plus strategy in order to set the price of the products.
The computation would be:
Purchase Cost + Mark-up Selling Cost
SoLit Patty will sell its product in a container at P39.00 for the
distributors. The suggested retail price is P45.00, this is set through market
scanning that the proponents accomplished combine with product costing. The
proponents set the price that will surely cover up all the costs of the product
inputs and expenses that the company needs before its operation.
Place
SoLit Patty
33
Retailer A
Retailer B Retailer D Retailer F
Retailer C Retailer E Retailer G
The proposed business will be located in Morales Street, Nilombot
Mapandan, Pangasinan. SoLit Patty will be located in is a great and accessible
place to establish a business because it will be located near the highways.
The distribution will also be convenient because the area will be 15
kilometers near to the market area of Dagupan City. To be able to deliver the
products on its customer, the business will be using one of the proponent’s
tricycle.
34
Morales Street, Nilombot, Mapandan Morales Street, Nilombot, Mapandan
Pangasinan to Dagupan City Pangasinan to Brgy. Moreno,
Binalonan Pangasinan
In terms of getting the supply of banana peel in Brgy. Moreno Binalonan
Pangasinan,25 km. from Morales Street, Nilombot Mapandan Pangasinan, we
assured that it was safe because the business is providing a clean container
and when it has arrived at the production area it will also be wash assuring
that it was safe to eat and no chemicals.
Promotion
The proposed business will advertise through the use of tarpaulin and by
making a Facebook page.
Social Media Platforms
 On the Facebook page of SoLit Patty will be posting a product
advertisement to help popularize the product. The Facebook page
will show the offered products to prospective customers. It
consists the essential information regarding the product.
35
Facebook continues to be the best social network to set up a business.
SoLit Patty creates a Facebook Business Page to increased exposure to its
potential customers, lower marketing expenses and easily reached the target
audience especially millennials. Facebook page of SoLit Patty also a powerful
way to communicate with customers, allowing them to see the product without
having to visit the location of the business.
Tarpaulin
Tarpaulin will be used upon establishing the business so that the people
passing the location would notice. The tarpaulin will indicate the business
36
name and logo. SoLit Patty will also be distributing tarpaulin to the businesses
that are willing to be supplied by the business.
Figure 2.7 Tarpaulin

According to The ODM Group advertising through tarpaulin printing still
remains the most convenient and effective way to promote a business. The
business decided to used tarpaulin as one of its way to promote the business
because of its wide audience reach, for some areas do not have access to the
internet and some are too far from town can help the business to promote the
product in small communities.
SoLit Patty will also have an agreement on Mabuhay Special Food Products to
attend seminars and have a chance to meet the other organization and in that
way, the business will also trade its product to them.
CHAPTER 3
TECHNICAL AND PRODUCTION ASPECT
37
Product Procedure
Ingredients:
7 pcs. of Saba banana peel (unripe)
2 pcs. of Eggs
4 tbsp. of Barbecue sauce
3 tbsp. of Flour
1 pc. of Onion
Equipments:
38
Procedure:
1. Wash the banana peel with clean
water. Remove the outer skin of the
banana peel, then wash it again. Boil
it within 15-20 minutes.
39
2. Put the boiled banana peel and the onions into the grinding machine.
3. Put all the ingredients such as the
grind banana peel and onions,
barbecue sauce, flour, pepper, and
the eggs in a clean bowl.
4. Mold the mixed ingredients. The
finished product will be carefully
placed in a clean plastic container
and sealed to eliminate oxidation,
maintaining natural moisture and
prevent leakage.
5. Coding and Labeling. Coding must
be in indelible ink with all the
product details labeling must
conform to BFAD A.O no 88 or the
Rules and Regulation Governing the
40
Labeling of Prepackaged Food
Products Distributed in the
Philippines.
Flowchart of Activities
Production Flowchart
Inspection quality of raw

materials
Prepares raw materials and

equipment’s
Washing Peeling Boiling Grinding
41
Coding and Sealing Molding Mixing
Labeling
Inspection Freezing Delivering
Legends:
Process Flow of Process
Inspection End Process
The chart shows the production flowchart of SoLit Patty.
Revenue Cycle
SoLit Patty Getting Customer Production

Orders
Collection of Billing Distribution

Payments
42
COD Credit
Legends:
Beginning/ End Process
Process
Flow of Process
The chart shows the revenue cycle for SoLit Patty. At first, SoLit Patty
will be getting orders to ZHL Marketing, Jewel and Rita Frozen Foods, D1
Frozen Foods, RRA Trading and GMD’s Chicken & Frozen Foods. After that, the
production team that will be led by the production manager will be in- charge of
processing the order of each business. After producing the product or the
orders, it will be distributed to retailers. SoLit Patty will allow credit
transactions with a collection agreement of 2/10, n/30.
Gantt Chart of Activities
June July August Sep. Oct. Nov. Dec. Jan. Feb. March April May June
ACTIVITIES
1234123412341234123412341234123412341234123412341234
Agreement with the owner of the production site
Documents preparation of the business
Building of production site
Searching and Canvassing of materials, equipments
for offi ce and production, and furnitures needed
Purchasing of Production Equipment
Purchasing of Production materials
Purchasing of Furniture
Placing and arrangement of Equipment and Furniture
Hiring and Training of Workers
Purchasing of Raw Materials
Start of Business Operation
Advertising
43
The table shows the pre-operating activities of the business to be done
within the last six months of the year 2019 and the first month of the year
2020. The business will start to operate exactly in the first week of January of
the year 2020.
Schedule of Business Operation
Fri Sat Sun Mon
The table shows the weekly operation of the company. The company will
be purchased and get the banana peel in the supplier every Friday. Saturday
and Sundays would be the production of the processed banana peel patty. The
proposed delivery of the product will be every Monday of the week for the
retailers to have new stocks to start the week.
Production Timetable
44
Producion Table yearly
Year 1 Year 2 Year 3 Year 4 Year 5
January 84 91 98 105 115
February 84 91 98 105 115
March 84 91 98 105 115
April 126 134 142 150 158
May 84 91 98 105 115
June 84 91 98 105 115
July 84 91 98 105 115
August 84 91 98 105 115
September 84 91 98 105 115
October 84 91 98 105 115
November 84 91 98 105 115
December 84 91 98 105 115
1050 1135 1220 1305 1423
The table shows Yearly Production Timetable per box (1 box= 12 containers)
The production is done every Saturdays and Sundays of the week with
the same quantity amount of 84 boxes per month (see Table 3 pg.23). Friday
will be the pick- up of raw materials by the administrative personnel in the
supplier and Mondays will be allotted to deliver the finished products to the
retailers. In the first year of operation, there will be 21 boxes that will be
produced weekly and delivered to the 7 retailers around Dagupan City namely
ZHL Marketing, Jewel and Rita Frozen Foods, D! Frozen Foods. Rujemag Frozen
Foods, RRA Trading, GMD's Chicken and Frozen Foods, and CM Frozen Foods.
As for the month of April, it is considered a peak month because
this month, Catholic people will be celebrating the Lenten season wherein they
usually don't eat meat. The quantity produced during this month is greater
than the normal months of SoLit Patty.
The production of SoLit patty will be raised 5% annually to
increase income and to meet the customer's demand.
45
Facility Layout
The business will be renting land with an existing building and will be
conducting a renovation. The office is located near the entrance of the building
to be able to cater to customers, business partners, suppliers, and other
visitors. In the production area, there is a washing area wherein the banana
peel and other materials were clean before the production. There will also be the
freezer, also the cooking area, the molding area, and the sealing and coding
area. There will also be a comfort room.
46
47
Initial Investments
The table shows a summary of all of the expenses and costing of the
materials needed for starting a business and day to day operations.
INITIAL INVESTMENT AMOUNT
A) Business Registration ₱4,295.00

B) Renovation Cost ₱34,656.00
C) Advertising and Marketing Expense ₱12,946.80
D) Furniture and Fixture ₱17, 854.00
E) Office Equipment ₱33,102.00
F) Operating Asset ₱49, 371.00
G) Kitchen Utensils ₱5, 394.00
H) Office and Operational Supplies (3months) ₱2, 258.00
I) Initial Inventory (3months) ₱30, 972.86
J) Utility Expense ₱8,413.80
K) Contingency fund ₱30, 737.54
TOTAL ₱230, 000.00
A. Business Registration
Permits and Licenses Cost

Mayor’s Permit P1,120
BIR Registration P500
Fire Inspection Fee P500
48
Electricity Inspection Fee P450
Barangay Permit, Clearance, and Sticker P350

Business Plate P350
Building Inspection Fee P300
Health Certificate P200
DTI Registration P150
Signage Fee P100
Zoning Fee P100
Sanitary Permit P100
Garbage Fee P50
Community Tax P25
Total P4,295.00
A. Renovation Cost
Materials Price Quantity Total

Cement P225.00 13 P2,925.00
Steel 130 15 1,950.00
Hollow Blocks 10 200 2,000.00
Sand & Gravel 3000 2 6,000.00
Toilet Bowl 700 1 700
C.R. Bowl 1250 1 1,250.00
C.R. Faucet 80 1 80
Kitchen faucet 65 2 130
Teflon 18 4 72
Water elbow ½ 15 4 60
Water Tee ½ 17 2 34
PVC pipe #2 190 1 190
PVC pipe ½ 60 5 300
PVC elbow 35 1 35
PVC Solvent Cement 80 1 80
Light Bulb 120 5 600
Paint Brush 25 2 50
14liter Flat Latex 1700 1 1,700.00
4liter colored paint 500 3 1,500.00
Paint Brush 30 3 90
Paint Roller 60 1 60
Exhaust Fan 1250 1 1,250.00
Construction Labor 6600 2 13,200.00
Paint Labor 3000 1 3,000.00
49
Electricity Expense 650 - 650
Total P 34,656.00
 Costing was based from : Engineer Allan Paul Mallari
B. Advertising and Marketing Expense
Advertising and
Explanation 3 months
Marketing Expenses
Tarpaulins 3,000.00/month P9,000.00
What's Up Dagupan Page 1000.00/month 3,000.00
1 Box at cost of
Free Taste 946.8
315.6/month
Total P12,946.80
C. Furniture and Fixture
Item Quantity Price Total Source Photos
Operational P5,899.0 Jewel

1 P5, 899.00
Table 0 Furniture

Electric Fan 3 3,985.00 11, 955.00 CSI Lucao

Total P17,854.00
D. Office Equipment
Item Quantity Price Total Source
Joycomp
Desktop 1 15, 599.00 15, 599.00
Computers
Joycomp
Printer 1 3,899.00 3,899.00
Computers
Steel
1 4,369.00 4,369.00 CSI Lucao
Cabinet
Chairs 4 550 2,200 CSI Lucao

Office Jewel
1 6,500.00 6,500.00
Table Furniture

50
Calculator
1 535 535 CSI Lucao
s
Total 33,102.00
E. Operating Asset
11,499.0 Magic
Grinder 1 11,499.00
0 Mangaldan

Magic
Stove 1 1,480.00 1,480.00
Mangaldan

Hose 1 160 160 PR Gaz
Regulator
1 132 132 PR Gaz
s
Tank 1 2,200 2,200 PR Gaz
16,950.0 Magic
Freezer 2 33,900.00
0 Mangaldan

Total 49,371.00
51
F. Kitchen Utensils
UNITOP
Knife 3 50.00 150
Dagupan

Cutting Board 3 139 417 CSI Lucao
Casserole 3 529 1,587 CSI Lucao

UNITOP
Ladle 3 118 354
Dagupan

Basin 3 207 621 CSI Lucao

UNITOP
Pail 3 103 309
Dagupan
UNITOP
Plastic Drum 4 339 1,356
Dagupan

52
Magic
Molder 2 300 600
Mangaldan
Total 5, 394.00
G. Office and Operational Supplies (3 Months)
Stapler 1 pc. 125 125 CSI Lucao

Ball Pen 10 pcs. 7 70 CSI Lucao

Record
1 pc. 67 67 CSI Lucao
Book

Coupon
1 Box 185 185 CSI Lucao
Bond

Stapler
2 Box 23 46 UNITOP
Wire

Disposable 5 (150 UNITOP

P68.00 340
Gloves Pcs.) Dagupan

Cap with
15 pcs. 45 675 CSi Lucao
Hairnet

53
Potholder
with a Hand 6 pcs. 40 240 CSI Lucao
towel

UNITOP
Apron 6 pcs. 85 510
Dagupan

Total 2,258.00
H. Initial Inventory (3 Months)
Raw Inputs Total

Price/Unit Week Total Source
Materials Weekly Inputs
Moreno,
Banana
P10/ kg. 8 kg. 12 96 kg. 960 Binalonan,
Peel
Pangasinan
Dagupan
Flour 40/kg. 2.5 kg. 12 30 kg 1,200
Public Market
Dagupan
Egg 7/pc 30 pcs. 12 360 pcs 2,520
Public Market
Barbeque 8 96 Dagupan
35/sachet 12 3,360
Sauce sachets sachets Public Market
Black Dagupan
140/kg. .075 kg. 12 .9 kg. 126
Pepper Public Market
Dagupan
Salt 30/kg. .65 kg. 12 7.8 kg 234
Public Market
Dagupan
Onion 80/kg. .75 kg. 12 9kg. 720
Public Market
Bake Mart
Plastic
46(10 pcs.) 26.4 12 316.8 14,572.80 General
Containers
Merchandising
Patty 383(1,000
1.58 12 19.01 7,280.06 CSI Lucao
Sheets pcs.)
P30,
Total
972.86
I. Utility Expense
Number of
Specification Monthly Expense Total Expense
Months
54
Electricity 2,064.60 3 6,193.80
Water 240 3 720
Land 500 3 1,500
Total P8,413.80
J. Contingency Fund
Specification Total Expense
Cash 30, 737.54

Total P30, 737.54
Chapter 4
ORGANIZATIONAL AND MANAGEMENT PLAN
This part of the study presents the form of the business ownership,
organization structure which includes the officer key personnel. This chapter
also presents the schedule of the study.
Form of the Business
SoLit Patty will be organized and established as a partnership business
organization wherein the proponents will bind themselves to contribute money,
skill, and service into a common fund with the intention to share profit equally
among themselves.
Organizational Chart
The general manager will be responsible for effective planning,
delegating, coordinating, staffing, organizing, and decision making to attain the
desirable profit of SoLit Patty. The Bookkeeper will ensure that all the
55
company’s expenses, income, and transactions are recorded into the company’s
books and reconcile the financial accounts monthly. The production manager
oversees the production from start to finish and makes changes to meet
budgetary restrictions and respond to the customer’s needs. The duties of the
Sales Department are to plan and implement promotional strategies for the
business.
GENERAL MANAGER/
BOOKEPPER
Michael John R. Soriano
PRODUCTION AND
SALES MANAGER
Abegail B. Drilon
PRODUCTION STAFF Administrative

(S1) Personnel
(D)
56
PRODUCTION STAFF
(S2)
PRODUCTION STAFF
(S3)
Duties and Qualifications of Personnel
Position Qualifications Duties Salary

General  Must be a  Responsible for  Salary
Manager partner the day-to-day allowance
 Must be of management of of Php
legal age the business 400 per
 Must be a affairs. day.
college  Guiding,
graduate Directing and
preferably monitoring the
with a work of the
business- manufacturing
related course personnel.
 With good  Identifying the
moral business’ short-
character and term strategies
great to achieve long
interpersonal term goals.
traits  Maintains an
 Business adequate level of
Oriented customer care to
ensure goodwill
with the existing
customers.
 Monitors
business
operations.
 Implement
business
policies, rules,
and regulations.
 Ensures the
safety of the
employees and
57
customers.
Bookkeeper  Must be of  Manages the  Free

legal age overall service
 Must be a transactions of of the
college the business. General
graduate  Responsible for Manage
preferably the preparation r
with a and evaluation
business- of daily
related course business
 With good reports.
moral  Prepares
character and financial
great records and
interpersonal payroll.
traits  Responsible for
 Business paying bills
Oriented and accounts
of raw
materials and
office supplies.
 Monitors
business
operations.
 Implement
business
policies, rules,
and
regulations.
 Ensures the
safety of the
employees and
customers.
Production/  Must be of  Responsible for  Salary

Sales legal age the purchases of allowance
Manager  At least a high equipment and of Php
school raw materials to 350 per
graduate be used in the day.
 With good manufacturing
moral process.
character and  Ensure operation
great by preventive
interpersonal maintenance
traits requirements.
 Hardworking  Maintain
and must be supplies
willing to inventory,
58
learn  Ensure proper,
 Basic clean and quality
computer manufacturing of
skills the products.
 Good  Responsible for
organizational the
skills manufacturing
operations of the
products.
 Maintains
cleanliness and
neatness of the
workplace.
 Assist and
maintains the
records of the
daily sales
report.
 Maintain contact
lists.
Production  High school  Determine  Salary

Staff graduate materials and allowance
 Physically fit move containers of Php
 Capable of corresponding 282 per
making the instruction day for a
product. given. total of
 Transport Php 2,
materials from 256.00
storage and work monthly.
sites to
designated area.
 Responsible for
the physical
counts of the
finished
products.
 Responsible for
the
manufacturing
operations of the
products.
 Maintains
cleanliness and
neatness of the
workplace.
Administrativ  Must be of  Responsible for  Salary

e Staff legal age the loading and allowance
59
 At least a high unloading of of Php
school products to the 282 per
graduate designated place day for a
 With good of customer total of
moral deliveries. Php 2,
character and  Collects payment 256
great from customers monthly.
interpersonal and prepares
traits receipt at the
 Hardworking time of the
and must be delivery.
willing to  Maintain the
learn vehicle clean and
 Responsible performs a
and vehicle
experienced inspection for
driver. safety purposes.
 With a driver’s  Responsible for
license and the
clean driving manufacturing
records. operations of the
products.
 Maintains
cleanliness and
neatness of the
workplace.
Policies of the Proposed Business
1. Employees must render eight (8) working hours which will start from
8:00 am to 5:00 pm subject to overtime with pay at times needed. They
are given a 1-hour lunch break.
2. Must maintain the cleanliness of the workplace. Proper waste disposal
will be implemented to keep the working areas clean.
3. Use facemask and gloves when cleaning, filling and making the products.
4. Office supplies, materials, and equipment are strictly for business
purposes only.
60
5. The business will adopt the No Work, No Pay policy. The employees must
inform the owners/managers in case he/she can’t come to work.
Operating and work schedule
Activities Time Friday Saturday Sunday Monday
Getting the banana

D
peel to the supplier - - - -
Cleaning the
8:00- 8:30 A.M S1, S3 S2, S3
Production Area - -
Preparation of all the
equipment and 8:30- 8:50 A.M - S2, S1 S3, S1 -
ingredients
Washing the banana

8:50- 9:30 A.M - S2 S1 -
peel
Removing the outer

9:30- 10:30 A.M - S3 S1 -
skin of banana peel
Boiling 10:30- 11:00 A.M - S2 S3 -
Grinding/ Mixing 11:00- 12:00 NN - S1 S2 -
Molding 1:00- 2:00 P.M - S3 S1 -
Coding and Labeling 2:00- 3:30 P.M - S/P S/P -
Storage 3:30- 5:00 P.M - D D -
Delivery - - - - D
There is 7 personnel involved in the production area representing:
S/P- Abegail B. Drilon (Production and Sales Manager)
S1- Production Staff 1
61
D- Administrative Personnel
The company will be hiring three (3) production staff as a part-time job to
help produce the product. They will be working at the company on Saturdays
and Sundays of the week. There will be also one (1) administrative personnel.
One of the qualifications of this personnel was responsible and have
experienced with driving and also with driver’s license and clean driving records
this is because he would be responsible for getting the banana peel on the
supplier during Fridays and delivering the orders to the retailers during
Mondays.
This personnel will start at 8:00 in the morning until they will reach the
producing quantity of the product which is around 8:00 to 5:00 in the
afternoon. There is 5 personnel in the production area, the Sales and
Production Manager (S/P), 3 Production Staff represented by employees S1, S2,
and S3 and also the administrative personnel.
62
Chapter 5
Financial Plan
This part shows the projected financial statements and their
variation in different years from 2021-2025
Major Assumptions
1. Sales will increase by 5% every succeeding year. The proponents also assumed that
during the month of April, the demand for our product will increase by 50% because of
the Lenten season. The selling price will increase by 4% annually.
63
2. The Raw materials, Indirect materials, Electricity, Gas, and Water will be assumed to be
an increase of 4% every year based on the inflation rate. And direct Labor will increase
Php. 15.00 every year.
3. The Proponents assumed that there will be an increase of 4% in Advertising and
Marketing Expenses, Delivery Expense, and Utility Expense.
4. Each Partner will contribute P115,000.00 and it was also agreed to withdraw P50,000.00
during the 3rd and 4th year and P60,000.00 to the 5th year of Operation.
5. The Proponents assumed that 20% of Sales will be on Account-based from the
interviewed conducted to retailers. Proponents assumed that 98% of Account
Receivables will be collected to the following year and the remaining 2% will be Bad
Debt Expense.
6. The Price of inventory will increase by 4% annually.
7. The computation for the depreciation of Property Plant and Equipment (PPE) is the
straight-line method.
8. The business used Percentage tax with a rate of 3%.
9. Yearly income tax of 30% based on Train Law.
10. The Partners agreed in 60:40 in terms of income to General Manager and Sales,
Production Manager.
64
SoLit Patty
Statement of Income
For the years ended December 2021, 2022, 2023, 2024, & 2025
Note 2021 2022 2023 2024 2025

Sales 1 ₱ 491,400.00 ₱ 552,427.20 ₱ 617,550.34 ₱ 686,999.44 ₱ 779,083.69
Cost of Goods Sold 2 256,636.21 274,981.37 294,790.30 314,029.23 339,441.37
Gross Profit 234,763.79 277,445.83 322,760.03 372,970.21 439,642.31
Less: Selling Expense 3 14,386.80 15,019.82 15,680.69 16,370.64 17,090.95
Less: Administrative Expenses 4 178,806.57 186,616.38 200,233.83 211,411.61 228,313.31
Profit Before Tax 41,570.43 75,809.63 106,845.51 145,187.96 194,238.06
Less: Income Tax (TRAIN LAW) 5 12,471.13 22,742.89 32,053.65 43,556.39 58,271.42
Profit After Tax ₱ 29,099.30 ₱ 53,066.74 ₱ 74,791.86 ₱ 101,631.57 ₱ 135,966.64
Financial Statements
A. Income Statement
65
B. Statement of Changes in Equity
SoLit Patty
Statement of Changes in Owner Equity
For the years
C. Statement of Cash Flow ended December 2021, 2022, 2023, 2024 & 2025
Beginning Capital Year 1 Year 2 SoLit Patty Year 3 Year 4 Year 5

Michael Capital ₱ 115,000.00 ₱ 132,459.58
Statement of Cash ₱
Flows164,299.62 ₱ 179,174.74 ₱ 215,153.68
For the years ended December 2021, 2022, 2023, 2024 & 2025
Abegail Capital 115,000.00 126,639.72 147,866.42 157,783.16 173,435.79
Note 2021 2022 2023 2024 2025
Add Income 29,099.30 53,066.74 74,791.86 101,631.57 135,966.64
Cash flow from operating activities
Michael
Income after Tax Capital 17,459.58 31,840.04
₱ 29,099.30 ₱ 44,875.11
53,066.74 ₱ 60,978.94
74,791.86 ₱ 101,631.57 81,579.98
₱ 135,966.64
Depreciation 6 21,836.61 21,836.61 21,836.61 21,836.61 21,836.61
Abegail
Increase Capital
in Accounts Receivable 11,639.72 7 21,226.70 -98,280.00 29,916.74
-12,205.44 40,652.63-13,889.82 54,386.66
-13,024.63 -18,416.85
Increase in Inventory-raw materias 8 -2695.5 -1,883.33 1,402.01 1,449.19 -847.11
Less:
IncreaseWithdrawals
in Percentage Tax Payable 0.00 9 0.00 1,228.50 50,000.00
152.57 50,000.00
162.81 173.6250,000.00 230.21
Increase Income Tax Payable 5 3,117.78 2,567.94 2,327.69 2,875.68 3,678.76
Michael Capital
Net Cash Inflow (Outflow) from Operating Activities 0.00 0.00
-45,693.31 30,000.00
63,535.09 25,000.00
87,496.35 114,076.86 30,000.00
142,448.27
CashAbegail Capitalactivities
flow from investing 0.00 0.00 20,000.00 25,000.00 30,000.00
Ending
Furniture andCapital
Fixtures 10 -13,869.00 0.00 0.00 0.00 0.00
Operating Asset: 10 -49,971.00 0.00 0.00 0.00 0.00
Michael
Leasehold Capital
Improvement: 132,459.58 10 164,299.62 -34,656.00 179,174.74 0.00 215,153.68
0.00 266,733.66
0.00 0.00
Office Equipment : 10 -33,102.00 0.00 0.00 0.00 0.00
Abegail
Kitchen Utensils Capital 126,639.72 10 147,866.42 -4,794.00 157,783.16 0.00 173,435.79 0.00197,822.44
-4,794.00 -4,794.00
Operational Supplies 10 -3,465.00 0.00 -3,465.00 0.00 -3,465.00
₱ 259,099.30
Net Cash Inflow (Outflow) from Investing Activities ₱ 312,166.04-139,857.00 ₱ 336,957.90 0.00 388,589.47 ₱0.00464,556.11
₱ -8,259.00 -8,259.00
Cash flow from financing activities
Cash investment 11 230,000.00 0.00 0.00 0.00 0.00

Withdrawals 0.00 0.00 -50,000.00 -50,000.00 -60,000.00
Net Cash Inflow (Outflow) from Financing Activities 230,000.00 0.00 -50,000.00 -50,000.00 -60,000.00
Net Increase or Decrease in Cash 44,449.69 63,535.09 29,237.35 64,076.86 74,189.27

Cash balance beginning 0.00 44,449.69 107,984.78 137,222.14 201,299.00
66
Cash Balance Ending ₱ 44,449.69 ₱ 107,984.78 ₱ 137,222.14 ₱ 201,299.00 ₱ 275,488.26
D. Statement of Financial Position
SoLit Patty
Statement of Financial Position
For the years ended December 2021, 2022, 2023, 2024 & 2025
ASSETS: Note 2021 2022 2023 2024 2025

Current Assets
Cash 44,449.69 107,984.78 137,222.14 201,299.00 275,488.26
Accounts Receivable 7 98,280.00 110,485.44 123,510.07 137,399.89 155,816.74
Inventory-raw materials 8 2,695.50 4,578.83 3,176.82 1,727.62 2,574.73
Total Current Assets 145,425.19 223,049.05 263,909.02 340,426.51 433,879.73
Non-Current Assets
Property, Plant, Equipment 10 118,020.39 96,183.78 82,606.17 60,769.55 47,191.94
Total Assets ₱ 263,445.58 ₱ 319,232.83 ₱ 346,515.18 ₱ 401,196.06 ₱ 481,071.67
Liabilities & Owners Equity

Percentage Tax Payable 9 1,228.50 1,381.07 1,543.88 1,717.50 1,947.71
Income Tax Payable 5 3,117.78 5,685.72 8,013.41 10,889.10 14,567.85
Total Liabilities 4,346.28 7,066.79 9,557.29 12,606.60 16,515.56
Michael Capital 132,459.58 164,299.62 179,174.74 215,153.68 266,733.66

Abegail Capital 126,639.72 147,866.42 157,783.16 173,435.79 197,822.44
Total Owner's Equity 259,099.30 312,166.04 336,957.90 388,589.47 464,556.11
Total Liabilities and Owners

Equity ₱ 263,445.58 ₱ 319,232.83 ₱ 346,515.18 ₱ 401,196.06 ₱ 481,071.67
Notes to Financial Statements

1. Sales Schedule
Note 1 (Sales Schedule) 2021 2022 2023 2024 2025
Unit Sales 1050 1135 1220 1305 1423
Price ₱ 468.00 ₱ 486.72 ₱ 506.19 ₱ 526.44 ₱ 547.49
Total Sales ₱ 491,400.00 ₱ 552,427.20 ₱ 617,550.34 ₱ 686,999.44 ₱ 779,083.69
*increase of 4% in price
*increase of 5% in unit Sold
2. Cost of Goods Sold

Note 2 (Cost of Goods Sold)
Direct M aterial Year 1
Raw M aterials Price Unit/Box Unit Cost
Banana Peel P10 / 1Kg. 1.875 ₱ 5.33
Flour P40 / 1Kg. 6 6.67
Egg P6 / 1pc. 0.5 12.00
Barbeque Sauce P35 / sachet 1.875 18.67
Black Pepper P140 / 1Kg. 200 0.70
Salt P30 / 1kg. 23 1.30
Onion P80 / 1Kg. 20 4.00
Total ₱ 48.67
67
Banana Peel P10 / 1Kg. 1.875 ₱ 5.33
Flour P41.60 / 1Kg. 6 6.93
Egg P6.24 / 1pc. 0.5 12.48
Barbeque Sauce P36.40 / sachet 1.875 19.41
Black Pepper P145.60 / 1Kg. 200 0.73
Salt P31.20 / 1kg. 23 1.35
Onion P83.20 / 1Kg. 20 4.16
Total ₱ 50.40

Banana Peel P10 / 1Kg. 1.875 ₱ 5.33
Flour P43.26 / 1Kg. 6 7.21
Egg P6.49 / 1pc. 0.5 12.98
Black Pepper P151.42 / 1Kg. 200 0.76
Salt P32.45 / 1kg. 23 1.41
Onion P86.53 / 1Kg. 20 4.33
Total ₱ 52.21

Raw M aterials P rice Unit/Box Unit Cost
Banana Peel P10 / 1Kg. 1.875 ₱ 5.33
Flour P44.99 / 1Kg. 6 7.50
Egg P6.75 / 1pc. 0.5 13.50
Black Pepper P157.48 / 1Kg. 200 0.79
Salt P33.75 / 1kg. 23 1.46
Onion P89.99 / 1Kg. 20 4.50
Total ₱ 54.08

Raw M aterials P rice Unit/Box Unit Cost
Banana Peel P10 / 1Kg. 1.875 ₱ 5.33
Flour P46.79 / 1Kg. 6 7.80
Egg P7.02 / 1pc. 0.5 14.04
Black Pepper P163.78 / 1Kg. 200 0.82
Salt P35.10 / 1kg. 23 1.52
Onion P93.59 / 1Kg. 20 4.68
Total ₱ 56.03
Direct M aterials
DM/unit ₱ 48.67 ₱ 50.40 ₱ 52.21 ₱ 54.08 ₱ 56.03
Unit Sold 1050 1135 1220 1305 1423
Total ₱ 51,103.50 ₱ 57,204.00 ₱ 63,696.20 ₱ 70,574.40 ₱ 79,730.69
*increase of 4% yearly is used except Banana Peel
68
Direct Labor
Staff 3 3 3 3 3
Basic Pay per Day ₱ 282.00 ₱ 297.00 ₱ 312.00 ₱ 327.00 ₱ 342.00
Annual Salary ₱ 81,216.00 ₱ 85,536.00 ₱ 89,856.00 ₱ 94,176.00 ₱ 98,496.00
*increase of 15 pesos every year
M anufacturing Overhead
Indirect M aterials Price Year 1 Year 2 Year 3 Year 4 Year 5
Unit Sold - 1,050 1,135 1,220 1,305 1,423
Plastic Container ₱ 46.00 ₱ 57,960.00 ₱ 62,652.00 ₱ 67,344.00 ₱ 72,036.00 ₱ 78,549.60
Patty Sheet 383.00 28,954.80 31,298.76 33,642.72 35,986.68 39,240.65
Total ₱ 86,914.80 ₱ 93,950.76 ₱ 100,986.72 ₱ 108,022.68 ₱ 117,790.25
Electricity Quantity kW /h per day Consumption/year

Electric Fan 2 1.6 307.2
Grinder 1 0.75 72
Frezeer 2 6.6 2,218
Light bulb 5 0.01 12
Desktop 1 0.05 4.8
Printer 1 0.05 4.8
ToTal 2,618
Utility Expense Year 1 Year 2 Year 3 Year 4 Year 5

Consumption/year 2,618 2,618 2,618 2,618 2,618
Rate per kW/h ₱ 9.51 ₱ 9.89 ₱ 10.29 ₱ 10.70 ₱ 11.13
Total ₱ 16,185.64 ₱ 16,833.07 ₱ 17,506.39 ₱ 18,206.64 ₱ 18,934.91
*65% will be in MOH,and 35% will be in Admin Expense
*increase of 4% in price rate
Gas Year 1 Year 2 Year 3 Year 4 Year 5

Number of Gas Needed per Year 4 4 5 5 6
Price of Gas ₱ 716.00 ₱ 744.64 ₱ 774.43 ₱ 805.40 ₱ 837.62
Total ₱ 2,864.00 ₱ 2,978.56 ₱ 3,872.13 ₱ 4,027.01 ₱ 5,025.71
*increase of 4% in price
69
Depreciation Quantity Price Total Life in Years Depreciation
Furniture and Fixtures
Operational Table 1 ₱ 5,899.00 ₱ 5,899.00 8 ₱ 737.38
Electric Fan 2 3,985.00 7,970.00 5 1,594.00
Sub Total 13,869.00 2,331.38
Operating Asset:
Grinder 1 11,499.00 11,499.00 8 1,437.38
Stove 1 1,480.00 1,480.00 6 246.67
Freezer 2 16,950.00 33,900.00 7 4,842.86
Molder 2 300.00 600.00 5 120.00
Gas Hose 1 160.00 160.00 5 32.00
Regulator 1 132.00 132.00 5 26.40
Gas tank 1 2,200.00 2,200.00 5 440.00
Sub Total 49,971.00 7,145.30
KITCHEN UTENSILS:
KNIFE 3 50.00 150.00 2 75.00
Cutting Board 3 139.00 417.00 2 208.50
Casserole 3 529.00 1,587.00 2 793.50
Laddle 3 118.00 354.00 2 177.00
Basin 3 207.00 621.00 2 310.50
Pail 3 103.00 309.00 2 154.50
Plastic Drum 4 339.00 1,356.00 2 678.00
Sub Total 4,794.00 2,397.00
Operational Supplies
Disposable Gloves 30 68.00 2,040.00 2 1,020.00
Cap Hairnet 15 45.00 675.00 2 337.50
Pot holder with Hand towel 6 40.00 240.00 2 120.00
Apron 6 85.00 510.00 2 255.00
Sub Total 3,465.00 1,732.50
Leasehold Improvement
Renovation Cost 1 34,656.00 ₱ 34,656.00 13 ₱ 1,866.09
Total ₱ 116,083.98 ₱ 15,472.27
*70% of the building will be production area and 30 % will be administrative Expense
Total M anufacturing Overhead

Indirect Materials ₱ 86,914.80 ₱ 93,950.76 ₱ 100,986.72 ₱ 108,022.68 ₱ 117,790.25
Utility Expense 16,185.64 16,833.07 17,506.39 18,206.64 18,934.91
Gas 2,864.00 2,978.56 3,872.13 4,027.01 5,025.71
Water 2,880.00 3,006.72 3,400.60 3,550.23 3,991.55
Depreciation 15,472.27 15,472.27 15,472.27 15,472.27 15,472.27
Total ₱ 124,316.71 ₱ 132,241.37 ₱ 141,238.10 ₱ 149,278.83 ₱ 161,214.68
Total Cost of Goods Sold

Direct Materials ₱ 51,103.50 ₱ 57,204.00 ₱ 63,696.20 ₱ 70,574.40 ₱ 79,730.69
Direct Labor 81,216.00 85,536.00 89,856.00 94,176.00 98,496.00
Manufacturing Overhead 124,316.71 132,241.37 141,238.10 149,278.83 161,214.68
Total ₱ 256,636.21 ₱ 274,981.37 ₱ 294,790.30 ₱ 314,029.23 ₱ 339,441.37
Unit Produced 1,050.00 1,135.00 1,220.00 1,305.00 1,423.00
Product Costing 244.42 242.27 241.63 240.64 238.54
3. Selling Expense
Advertising and M arketing Expenses Cost / month Year 1 Year 2 Year 3 Year 4 Year 5
Tarpaulins ₱ 3,000.00 ₱ 9,000.00 ₱ 9,396.00 ₱ 9,809.42 ₱ 10,241.04 ₱ 10,691.64
What's Up Dagupan Page 1,000.00 3,000.00 3,132.00 3,269.81 3,413.68 3,563.88
Free Taste 315.60 946.80 988.46 1,031.95 1,077.36 1,124.76
Delivery Expense:
Gasoline 120.00 1,440.00 1,503.36 1,569.51 1,638.57 1,710.66
Total ₱ 14,386.80 ₱ 15,019.82 ₱ 15,680.69 ₱ 16,370.64 ₱ 17,090.95
4. Administrative Expense
70
Depreciation
Office Equipment : Quantity Price Total Useful life Depreciation
Desktop 1 ₱ 15,599.00 ₱ 15,599.00 5 ₱ 3,119.80
Printer 1 3,899.00 3,899.00 7 557.00
Steel Cabinet 1 4,369.00 4,369.00 8 546.13
Chairs 4 550.00 2,200.00 5 440.00
Office Table 1 6,500.00 6,500.00 8 812.50
Calculator 1 535.00 535.00 6 89.17
Sub Total 33,102.00 5,564.59
Leasehold Improvement:
Renovation Cost 1 34,656.00 34,656.00 13 799.75
Total ₱ 30,967.00 ₱ 6,364.35
*70% of the building will be production area and 30 % will be administrative Expense
Supplies Expense
0ffice Supplies: Quantity Price year 1 year 2 Year 3 Year 4 Year 5
Stapler 1 ₱ 125.00 ₱ 125.00 ₱ 125.00 ₱ 125.00 ₱ 125.00 ₱ 125.00
Ball Pen 30 7.00 210.00 210.00 210.00 210.00 210.00
Record Book 3 67.00 201.00 201.00 201.00 201.00 201.00
Coupon Bond 3 185.00 555.00 555.00 555.00 555.00 555.00
Stapler Wire 6 23.00 138.00 138.00 138.00 138.00 138.00
Total ₱ 1,229.00 ₱ 1,229.00 ₱ 1,229.00 ₱ 1,229.00 ₱ 1,229.00
Electricity Quantity kW /h per day Consumption/year

Electric Fan 2 1.6 307.2
Grinder 1 0.75 72
Frezeer 2 6.6 2,218
Light bulb 5 0.01 12
Desktop 1 0.05 4.8
Printer 1 0.05 4.8
ToTal 2,618
Utility Expense Year 1 Year 2 Year 3 Year 4 Year 5

Consumption/year 2,618 2,618 2,618 2,618 2,618
Rate per kW/h 9.51 9.89 10.29 10.70 11.13
Total ₱ 8,715.34 ₱ 9,063.96 ₱ 9,426.52 ₱ 9,803.58 ₱ 10,195.72
*65% will be in MOH,and 35% will be in Admin Expense
W age Expense W age/month Year 1 Year 2 Year 3 Year 4 Year 5

General Manager ₱3,040.00 ₱ 36,480.00 ₱ 37,920.00 ₱ 39,360.00 ₱ 40,800.00 ₱ 42,240.00
Production & Sales Manager 2,720.00 32,640.00 34,080.00 35,520.00 36,960.00 38,400.00
Admin Assistance 5,640.00 67,680.00 71,280.00 74,880.00 78,480.00 82,080.00
Total ₱11,400.00 ₱136,800.00 ₱143,280.00 ₱149,760.00 ₱156,240.00 ₱162,720.00
*increase of 15 pesos wage every year
Bonus Expense Year 1 Year 2 Year 3 Year 4 Year 5

staff 1 ₱ 1,173.82 ₱ 1,387.23 ₱ 2,420.70 ₱ 2,797.28 ₱ 4,396.42
staff 2 1,173.82 1,387.23 2,420.70 2,797.28 4,396.42
staff 3 1,173.82 1,387.23 2,420.70 2,797.28 4,396.42
Admin Assistance 1,173.82 1,387.23 2,420.70 2,797.28 4,396.42
Total ₱ 4,695.28 ₱ 5,548.92 ₱ 9,682.80 ₱ 11,189.11 ₱ 17,585.69
*Profit Before Bonus & Tax
*Bonus rate of 2% for the first 2 years and increase of 1% for every 2 succeeding years
Business Registration Year 1 Year 2 Year 3 Year 4 Year 5

Gross Profit 234,763.79 277,445.83 322,760.03 372,970.21 439,642.31
Bussiness Registration 4,295.00 2,347.64 2,774.46 3,227.60 3,729.70
Total ₱ 4,295.00 ₱ 2,347.64 ₱ 2,774.46 ₱ 3,227.60 ₱ 3,729.70
*Year 2-5 is based on gross profit of the previous year multiplied by rate of 1%
Bad Debt Expense Year 1 Year 2 Year 3 Year 4 Year 5

Sales ₱ 491,400.00 ₱ 552,427.20 ₱ 617,550.34 ₱ 686,999.44 ₱ 779,083.69
Account Receivables 98,280.00 110,485.44 123,510.07 137,399.89 155,816.74
Bad Debt Expense ₱ 1,965.60 ₱ 2,209.71 ₱ 2,470.20 ₱ 2,748.00 ₱ 3,116.33
*20% from will be on account
*2% for bad debt Expense
Percentage Tax Expense Year 1 Year 2 Year 3 Year 4 Year 5

Sales ₱ 491,400.00 ₱ 552,427.20 ₱ 617,550.34 ₱ 686,999.44 ₱ 779,083.69
Percentage Tax Rate 3% 3% 3% 3% 3%
total ₱ 14,742.00 ₱ 16,572.82 ₱ 18,526.51 ₱ 20,609.98 ₱ 23,372.51
*Percentage Tax rate of 3%
71
Total Administrative Expense Year 1 Year 2 Year 3 Year 4 Year 5
Depreciation ₱ 6,364.35 ₱ 6,364.35 ₱ 6,364.35 ₱ 6,364.35 ₱ 6,364.35
Supplies Expense 1,229.00 1,229.00 1,229.00 1,229.00 1,229.00
Utility Expense 8,715.34 9,063.96 9,426.52 9,803.58 10,195.72
Wage Expense 136,800.00 143,280.00 149,760.00 156,240.00 162,720.00
Bonus Expense 4,695.28 5,548.92 9,682.80 11,189.11 17,585.69
Business Registration 4,295.00 2,347.64 2,774.46 3,227.60 3,729.70
Bad Debt Expense 1,965.60 2,209.71 2,470.20 2,748.00 3,116.33
Percentage Tax Expense 14,742.00 16,572.82 18,526.51 20,609.98 23,372.51
Total ₱ 178,806.57 ₱ 186,616.38 ₱ 200,233.83 ₱ 211,411.61 ₱ 228,313.31
5. Income Tax
Note 5 (Income Tax) Year 1 Year 2 Year 3 Year 4 Year 5
Operating Profit 41,570.43 75,809.63 106,845.51 145,187.96 194,238.06
Income Tax Rate 30% 30% 30% 30% 30%
Income Tax Expense ₱ 12,471.13 ₱ 22,742.89 ₱ 32,053.65 ₱ 43,556.39 ₱ 58,271.42
*income tax rate of 30%
6. Depreciation
Note 6 (Depreciation) Year 1 Year 2 Year 3 Year 4 Year 5
Furniture and Fixtures ₱ 2,331.38 ₱ 2,331.38 ₱ 2,331.38 ₱ 2,331.38 ₱ 2,331.38
Operating Asset: 7,145.30 7,145.30 7,145.30 7,145.30 7,145.30
Leasehold Improvement: 2,665.85 2,665.85 2,665.85 2,665.85 2,665.85
Office Equipment : 5,564.59 5,564.59 5,564.59 5,564.59 5,564.59
operational supplies 1,732.50 1,732.50 1,732.50 1,732.50 1,732.50
kitchen utensils 2,397.00 2,397.00 2,397.00 2,397.00 2,397.00
Total ₱ 21,836.61 ₱ 21,836.61 ₱ 21,836.61 ₱ 21,836.61 ₱ 21,836.61
7. Accounts Receivables
Note 7 (Account Receivable) Year 1 Year 2 Year 3 Year 4 Year 5
Beginening Balance ₱ - ₱ 98,280.00 ₱ 110,485.44 ₱ 123,510.07 ₱ 137,399.89
Account Receivables 98,280.00 110,485.44 123,510.07 137,399.89 155,816.74
Bad Debt Expense 0.00 1,965.60 2,209.71 2,470.20 2,748.00
CollectiOn 0.00 96,314.40 108,275.73 121,039.87 134,651.89
Ending Balance Account Receivables ₱ 98,280.00 ₱ 110,485.44 ₱ 123,510.07 ₱ 137,399.89 ₱ 155,816.74
*98% of Account Receivables will collect in the following year of Sales
*2% of Account Receivables will be Bad debt
8. Inventory
Year 1
Raw M aterials Beginning Unit Purchased DM used Price Ending Inventory
Flour 0 ₱ 180.00 175 ₱ 40.00 ₱ 200.00
Egg 0 72 70 180.00 360.00
Barbeque Sauce 0 600 560 35.00 1,400.00
Black Pepper 0 8 5.25 140.00 385.00
Salt 0 48 45.65 30.00 70.50
Onion 0 56 52.5 80.00 280.00
Total ₱ 2,695.50
Year 2
Flour 5 ₱ 200.00 189.17 ₱ 41.76 ₱ 661.06
Egg 2 80 75.67 187.92 1,189.53
Barbeque Sauce 40 600 605.33 36.54 1,266.84
Black Pepper 2.75 8 5.68 146.16 741.03
Salt 2.35 52 49.35 31.32 156.60
Onion 3.5 60 56.75 83.52 563.76
Total ₱ 4,578.83
72
Year 3
Flour 15.83 ₱ 200.00 203.33 ₱ 43.60 ₱ 545.00
Egg 6.33 80 81.33 196.19 980.95
Barbeque Sauce 34.67 640 650.67 38.15 915.60
Black Pepper 5.07 4 6.1 152.59 453.19
Salt 5 52 53.04 32.70 129.49
Onion 6.75 56 61 87.19 152.58
Total ₱ 3,176.82
Year 4
Flour 12.5 ₱ 208.00 217.5 ₱ 45.52 ₱ 136.56
Egg 5 84 87 204.82 409.64
Barbeque Sauce 24 680 696 39.83 318.64
Black Pepper 2.97 8 6.53 159.31 707.34
Salt 3.96 56 56.74 34.14 109.93
Onion 1.75 64 65.25 91.03 45.52
Total ₱ 1,727.62
Year 5
Flour 3 ₱ 240.00 237.17 ₱ 47.52 ₱ 277.04
Egg 2 100 94.87 213.83 1,524.61
Barbeque Sauce 8 760 758.93 41.58 377.13
Black Pepper 4.44 4 7.12 166.31 219.53
Salt 3.22 60 61.87 35.64 48.11
Onion 0.5 72 71.15 95.04 128.30
Total ₱ 2,574.73
9. Percentage Tax
Note 9 (Percentage Tax Expense) Year 1 Year 2 Year 3 Year 4 Year 5
Sales ₱ 491,400.00 ₱ 552,427.20 ₱ 617,550.34 ₱ 686,999.44 ₱ 779,083.69
Percentage Tax Rate 3% 3% 3% 3% 3%
total ₱ 14,742.00 ₱ 16,572.82 ₱ 18,526.51 ₱ 20,609.98 ₱ 23,372.51
10. Property, Plant & Equipment
73
Note 10 (Property, Plant & Equipment) Year 1 Year 2 Year 3 Year 4 Year 5
Furniture and Fixtures ₱ 13,869.00 ₱ 13,869.00 ₱ 13,869.00 ₱ 13,869.00 ₱ 13,869.00
Less: Accumulated Depreciation 2,331.38 4,662.75 6,994.13 9,325.50 11,656.88
Carrying Amount 11,537.63 9,206.25 6,874.88 4,543.50 2,212.13
Operating Asset: 49,971.00 49,971.00 49,971.00 49,971.00 49,971.00

Carrying Amount 42,825.70 35,680.40 28,535.10 21,389.80 14,244.51
Leasehold Improvement: 34,656.00 34,656.00 34,656.00 34,656.00 34,656.00

Carrying Amount 31,990.15 29,324.31 26,658.46 23,992.62 21,326.77
Office Equipment : 33,102.00 33,102.00 33,102.00 33,102.00 33,102.00

Carrying Amount 27,537.41 21,972.82 16,408.23 10,843.63 5,279.04
Kitchen Utensils 4,794.00 4,794.00 4,794.00 4,794.00 4,794.00

Carrying Amount 2,397.00 0.00 2,397.00 0.00 2,397.00
Operational Supplies 3,465.00 3,465.00 3,465.00 3,465.00 3,465.00

Carrying Amount 1,732.50 0.00 1,732.50 0.00 1,732.50
Property, Plant, & Equipment ₱ 118,020.39 ₱ 96,183.78 ₱ 82,606.17 ₱ 60,769.55 ₱ 47,191.94
11. Cash Investments
Note 11 (Cash Investment)

Michael ₱ 115,000.00
Abegail 115,000.00
Total ₱ 230,000.00
Financial Ratio and Analysis

Breakeven Analysis
74
The breakeven point happens when total revenue equals total cost. It
shows that the company incurs neither a profit nor a loss of operating activities.
For year 1, it shows a contribution margin of 71.91%.
SoLit Patty
Breakeven Analysis
2021 2022 2023 2024 2025
Sales Revenue ₱ 491,400.00 ₱ 552,427.20 ₱ 617,550.34 ₱ 686,999.44 ₱ 779,083.69
Less: Variable Costs ₱ 138,018.30 ₱ 151,154.76 ₱ 164,682.92 ₱ 178,597.08 ₱ 197,520.94
Contribution M argin ₱ 353,381.70 ₱ 401,272.44 ₱ 452,867.42 ₱ 508,402.36 ₱ 581,562.75
Fixed Costs ₱ 118,617.91 ₱ 123,826.61 ₱ 130,107.38 ₱ 135,432.15 ₱ 141,920.43
Contribution M argin Ratio 71.91% 72.64% 73.33% 74.00% 74.65%
Breakeven in Peso Sales ₱ 164,945.83 ₱ 170,470.69 ₱ 177,420.27 ₱ 183,008.22 ₱ 190,122.04
Breakeven in Units 531 507 492 474 459
Current Ratio
A high current ratio indicates that a company has the ability to
cover its short-term and long-term liabilities with its current assets.
CURRENT RATIO 2021 2022 2023 2024 2025

Current Assets ₱ 145,425.19 ₱ 223,049.05 ₱ 263,909.02 ₱ 340,426.51 ₱ 433,879.73
Divide by: Current Liabilities ₱ 4,346.28 ₱ 7,066.79 ₱ 9,557.29 ₱ 12,606.60 ₱ 16,515.56
CURRENT RATIO 33.46 31.56 27.61 27.00 26.27
Total Asset Turnover
The total asset turnover ratio measures how a company’s assets generate
revenue. Using the formula of total asset turnover ratio shows that the line is
decreasing which implies that the company is generating fewer sales per peso of
assets. Though the sales are increasing, the increase in average assets is higher
75
compared to such an increase. In every peso of SoLit assets can generate P1.87
in revenue for the year 1 up to year 5 amounting to P1.77.
TOTAL ASSETS TURNOVER 2021 2022 2023 2024 2025

Net Sale ₱ 491,400.00 ₱ 552,427.20 ₱ 617,550.34 ₱ 686,999.44 ₱ 779,083.69
Divide by:nAverage Total Assets ₱ 263,445.58 ₱ 291,339.21 ₱ 332,874.01 ₱ 373,855.62 ₱ 441,133.87
W ORKING CAPITAL TO TOTAL
1.87 1.90 1.86 1.84 1.77
ASSETS RATIO
Net Profit Margin
Gross profit margin assesses a company’s financial health and business
model by revealing the proportion of money left over from revenues after
accounting for the cost of goods sold. For year 1, it has a 5.92% gross profit
margin until it increased up to 17.45% in year 5 due to the increase in the
product price and cost. Sales price increase as well as the product cost because
of the inflation rate.
NET PROFIT MARGIN 2021 2022 2023 2024 2025

Net Profit ₱ 29,099.30 ₱ 53,066.74 ₱ 74,791.86 ₱ 101,631.57 ₱ 135,966.64
Divided by: Net Sales ₱ 491,400.00 ₱ 552,427.20 ₱ 617,550.34 ₱ 686,999.44 ₱ 779,083.69
NET PROFIT M ARGIN 5.92% 9.61% 12.11% 14.79% 17.45%
76
Return on Equity
Return on equity measures the company generates the money
shareholders have invested. Higher values are generally favorable, meaning that
the company is efficiently generating income on investment and it shows that
there are 29.27% in year 5 which is a large profit that SoLit can gain.
RETURN ON EQUITY 2021 2022 2023 2024 2025

Net Profit ₱ 29,099.30 ₱ 53,066.74 ₱ 74,791.86 ₱ 101,631.57 ₱ 135,966.64
Divided by: Equity ₱ 259,099.30 ₱ 312,166.04 ₱ 336,957.90 ₱ 388,589.47 ₱ 464,556.11
RETURN ON EQUITY 11.23% 17.00% 22.20% 26.15% 29.27%
Return on Investment
Return on investment measures the gain or loss generates on an
investment. The table above shows that the return on investment is increasing
from 12.65% until it reaches up to 59.12% in year 5 due to the net income
growth.
RETURN OF INVESTMENT 2021 2022 2023 2024 2025

Net Profit ₱ 29,099.30 ₱ 53,066.74 ₱ 74,791.86 ₱ 101,631.57 ₱ 135,966.64
Divided by: Investment ₱ 230,000.00 ₱ 230,000.00 ₱ 230,000.00 ₱ 230,000.00 ₱ 230,000.00
RETURN ON EQUITY 12.65% 23.07% 32.52% 44.19% 59.12%
77
Payback Period
Payback Period
Cost of
Year Investments Net Income Balance Payback Period
2021 230,000.00 29,099.30 200,900.70 1
2022 200,900.70 53,066.74 147,833.96 1
2023 147,833.96 74,791.86 73,042.10 1
2024 73,042.10 101,631.57 0.72
Operating Profit Margin
OPERATING PROFIT MARGIN 2021 2022 2023 2024 2025

Operating Profit ₱ 41,570.43 ₱ 75,809.63 ₱ 106,845.51 ₱ 145,187.96 ₱ 194,238.06
Divide by: Net Sales ₱ 491,400.00 ₱ 552,427.20 ₱ 617,550.34 ₱ 686,999.44 ₱ 779,083.69
OPERATING PROFIT M ARGIN 8.46% 13.72% 17.30% 21.13% 24.93%
78
Chapter 6
SOCIO-ECONOMIC FEASIBILITY
This section presents how entities and other project proponents will
benefit as a result of the project. The proponents believe that the purpose of any
business is not only concentrated in generating profit but also in contributing
to social and economic factors of the society. This includes the projects, direct
and indirect personnel, government, target customers, residents, students, and
other outside businesses. There are many factors to consider what benefits the
project may provide to the society and economy.
One of the major benefits of local businesses in the economy is providing
job opportunities for local residents. One of the biggest problems that our
country is facing today is poverty. Increasing numbers of unemployed Filipinos
are considered as one of the main causes of poverty. Establishing a solid Patty
business will help lessen the unemployed citizens by providing jobs specifically
in Mapandan, Pangasinan. The hired person will be benefited in the form of
salaries and bonuses that he will be receiving from the business. Workers will
be able to earn money to support the basic or daily necessities of their families.
The proposed business will help the government by performing and
proper submissions of its legal obligations. From business permits, licenses and
taxes that will be paid by the business. The business that will be established
can increase tax income for local government units that will bring more funds
to finance the repair of national or local roads, develop and build the school and
provide better public service.
79
The proposed business will provide its target customers quality service
and delicious wines at a reasonable and cheap price which could satisfy their
tastes and preferences.
The residents around and nearby the business area will also be benefited
because the proponents’ product fits public consumption. Target customers will
have easy access that helps them to minimize their time. The suppliers of raw
materials will also benefit because this is an additional income for them.
The proponents will make sure that the proposed business will strictly
follow the environmental rules implemented by DENR most especially with
regards to the proper waste segregation and disposal.
80
Conclusions
This study is all about a processed saba banana peel patty store in a
round plastic food container and aims to compete with the market despite the
fact that the product is still new to the market and customers. This study
showcased marketing strategies to sell its products to sustain and increase its
performance as a business. The business will be using a competitive pricing
strategy which is used to set the product’s price close to the competitors to be
able to compete in the market and the price will also base on the willingness of
the individuals to pay the product.
To create awareness for the consumers, the business used food
sampling, social media, and public promotional events. The management team
which is composed of the proponents has formal and informal education,
training and experience. The proponents had knowledge of handling a business,
had extensive training as a sales staff and had acquired relevant skills and
practices from business activities. These qualifications are enough to operate
and start the business to gain and learn new techniques and strategies to
ensure and maintain the stability of the business.
The proponents conducted a survey of the different retailers and
individuals around Dagupan City to further know about its target market. The
result shows that the majority of individuals ranging from 68 out of 93 are
willing to buy and taste the product. Also, the result of the survey in terms of
the retailers of frozen foods around Dagupan City, 7 of them is willing to take
orders of the product.
81
As a result, the performance of the business as shown in the financial
statements is commendable. As for the income statements of the business, the
business has an increasing income starting from Year 1 amounting to P 29,
099.30 up to Year 5 amounting to P 135, 966.64.
Recommendations
The establishment of the proposed business is hereby recommended
because it will give benefits to different group of people, to organizations and
also to the environment. Aside from this, the study is also profitable.
82
APPENDICES
83
Appendix A: Individual Survey Questionnaire
Pangalan:
Taon:
15- 20 37- 52
21- 36 53- 70
Kasarian:
Male Female
Civil Status:
Single Widow
Married
Trabaho:
Student Employed
Unemployed
1. Ilang beses ka namimili ng pagkain para sa pang- araw- araw?
Araw- araw
Isang beses ilang linggo
Dalawang beses isang lingo
2. Bumibili ka ba ng frozen foods katulad ng patty?
Oo Hindi
3. Anong unang tinitignan mo kapag bumibili ka ng patty?
Brand Lasa
Price Packaging
Dami
4. Alin sa mga brand ang madalas mong bilhin na patty?

CDO Wow Family Burger
Pampanga’s Best Purefoods
Highlands At iba pa
5. San mo gustong nakalagay ang patty?
84
Plastic Packaging Round Container
In a Box
6. Nakatikim kana ba ng ibang patty na hindi gawa sa karne?
Oo Hindi
7. Alam mo ba na nakakain ang balat ng saging?
Oo Hindi
8. Ang aming grupo ay nagnanais na ipakilala ang produktong Peeltylitious
(patty na gawa sa balat ng saging). Nais moba itong tikman?
Oo Hindi
9. Kung hindi, bakit?
Baka hindi masarap
Takot subukan
10. Bibili ka ba ng SoLit Patty?
Oo Hindi
11. Sa magkanong presyo mo nais bilhin ang SoLit Patty?
50 45
55 45 pababa
85
Appendix B: Total Tally of Survey
Tally of Survey
Total Respondents: 93
Age
15-20= 19 37-52=24
21-36= 37 53-70= 13
Female- 56
Male- 37
Civil
Status
Single- 35 Widow- 9
Married-
49
Trabaho
Student- Unemployed-
23 45
Employed-
25
1. Ilang beses ka namimili ng pagkain para sa No. of

pang- araw- araw? Respondents
Araw- araw 46
Isang beses isang lingo 32
Dalawang beses isang lingo 15
2. Bumibili ka ba ng frozen foods katulad ng No. of

patty? Respondents
Oo
Hindi
3. Anong unang tinitignan mo kapag bumibili No. of

ka ng patty? Respondents
Brand 21
Price 26
Dami 9
Lasa 18
Packaging 19
86
4. Alin sa mga brand ang madalas mong bilhin No. of
na patty? Respondents
CDO 33
Pampanga's Best 28
Highlands 3
Wow Family 14
Purefoods 9
At iba pa 6
No. of
5. San mo gustong nakalagay ang patty?
Respondents
Plastic Packaging 28
In a Box 5
Round Container 60
6. Nakatikim kana ba ng ibang patty na hindi No. of

gawa sa karne? Respondents
Oo 30
Hindi 63
7. Alam mo ba na nakakain ang balat ng No. of

saging? Respondents
Oo 12
Hindi 81
8. Ang aming grupo ay nagnanais na ipakilala

No. of
ang produktong Peeltylitious (patty na gawa
Respondents
sa balat ng saging). Nais moba itong tikman?
Oo 68
Hindi 25
No. of
9. Kung hindi, bakit?
Respondents
Baka Hindi Masarap 10
Takot Subukan 15
87
No. of
10. Bibili ka ba ng SoLit Patty?
Respondents
Oo 68
Hindi 25
11. Sa magkanong presyo mo nais bilhin ang No. of

SoLit Patty? Respondents
50 0
55 0
45 14
45 pababa 79
88
Appendix C: Survey Result
89
90
91
Appendix D: Interview Questions for Retailers
Pangalan ng Business:
May- ari ng business:
Posisyon:
1. Anong brand ng patty ang binebenta niyo?
2. Anong brand ang mabilis maubos?
3. Magkano ang kinukuha niyong patty sa kada brand:
4. Gaano kadaming patty ang nabebenta niyo sa:

Araw- araw:
Weekly:
Monthly:
5. Gaano kadalas ang pag kuha niyo ng patty sa inyog supplier?
6. Saan kayo kumukuha ng supply niyo ng patty?
Ang aming grupo ay nagnanais na ipakilala ang produktong Peeltylitious

(patty na gawa sa balat ng saging).
7. Kung mag ooffer kami sainyo ng product na ito nais niyo ba kaming
maging supplier?
Kung oo, gaano kadami ang kukunin niyo?

Kung hindi, bakit?
92
Appendix E: RESULT FOR THE RETAILERS SURVEY
TOTAL TOTAL
FREQUEN QUANTITY QUANTITY
QUANTITY CY OF ORDERED ORDERED
Target DEMANDE ORDER (WEEK) (MONTHLY)
Market D (BOX/12 PER
CONTAINE BO CONTAIN BO CONTAIN
WEEK
R) X ER X ER
ZHL
5 1 5 60 20 240
MARKETING
JEWE AND
RITA
3 1 3 36 12 144
FROZEN
FOODS
D1 FROZEN
2 1 2 24 8 96
FOODS
RUJEMAG
FROZEN 2 1 2 24 8 96
FOODS
RRA
3 1 3 36 12 144
TRADING
GMD'S
CHICKEN &
4 1 4 48 16 192
FROZEN
FOODS
CM FROZEN
2 1 2 24 8 96
FOODS
TOTAL 21 252 84 1008
93
Appendix F: Articles of Partnership
ARTICLES OF PARTNERSHIP
OF
SoLit Patty
(Partnership Name)
KNOW ALL MEN BY THESE PRESENTS:
That we, the undersigned partners, all of legal age, residents, and
citizens of the Philippines have on this day voluntarily associated ourselves
together for the purpose of forming a general partnership under the following
terms and conditions and subject to existing and applicable laws of the
Republic of the Philippines:
AND WE HEREBY CERTIFY:
ARTICLE I. Partnership Name: That the name of this partnership shall be
SoLit Patty
and shall transact business under the said company name.
ARTICLE II. Business Purpose: That the purpose/s for which this
partnership is formed is/are is to know if banana peel will be a good worthy
product that could be a hit to people and to have knowledge on how to use
banana peel instead of throwing it away. The proponents want to know if these
94
products that are made up of banana peel can be a good source of nutrients not
only for the children but also for all ages.
ARTICLE III. Principal Place of Business: That the principal place of
business of this partnership shall be located at Morales St. Nilombot,
Mapandan Pangasinan.
ARTICLE IV. Term of Existence: That this partnership shall have a
term of 5 (five) years from and after the original recording of its Articles of
Partnership by the Securities and Exchange Commission.
ARTICLE V. Partners’ Circumstances: That the names, nationalities
and complete residence addresses of the partners are as follows:
NAME CITIZENSHIP COMPLETE ADDRESS
Michael John R. Soriano Filipino Morales St. Nilombot, Mapandan
Pangasinan
Abegail B. Drilon Filipino National Road Poblacion, Burgos
Pangasinan
ARTICLE VI. Capital Contributions: That the capital of this Partnership shall
be the amount of two hundred thirty thousand pesos (P 230,000.00), Philippine
Currency, con
tributed in cash by the partners, as follows:
95
NAME AMOUNT
Michael John R. Soriano Php 115, 000.00
Abegail B. Drilon Php 115, 000.00
That no transfer of interest which will reduce the ownership of Filipino
citizens to less than the required percentage of capital as provided by existing
laws shall be allowed or permitted to be recorded in the proper books of the
partnership.
ARTICLE VII. Sharing Ratios: That the profits and losses of this partnership
shall be divided and distributed equally to each partner after salary allowances.
ARTICLE VIII. Management: That this partnership shall be under Michael
John R. Soriano, as General Manager. She shall have the power to use the
partnership name and in otherwise performing such acts as are necessary and
expedient in the management of the firm and to carry out its lawful purposes.
96
Appendix G: DTI Registration IN Dagupan City for the year 2014- 2018
BN REGISTRATION
Dagupan City
C.Y. 2014-2018
Business Name Business Address City/ Municipality Products
Cathy and Dannys Chicken By Product and Frozen Food Barangay II (Nueva) Dagupan City Chicken by products & frozen foods
Juliet Viray Dressed Chicken and Frozen Foods Barangay II (Nueva) Dagupan City Dressed chicken & Frozen foods
GMD's Chicken & Frozen Foods Barangay II (Zamora) Dagupan City Chicken by products/ frozen foods
Mikes's Frozen Foods Barangay II (Nueva) Dagupan City Frozen foods
L & A Frozen Foods Malued Dagupan City Frozen foods
Sylvar Frozen Foods Barangay IV (Zamora) Dagupan City Frozen foods
ZHL Marketing Barangay IV (Nueva) Dagupan City Frozen foods
Becky's Frozen Foods Bonuan Boquig Dagupan City Frozen foods
Princess Rey Mer Frozen Fish Barangay I (T. Bugallon) Dagupan City Frozen Fish
Merly Kapuso Chicken By Products & Frozen Foods Barangay II (T. Nueva) Dagupan City Chicken by products & frozen foods
Dormers Enterprises Pantal Dagupan City Frozen foods
RBC Chicken by Products & Frozen Foods Barangay II (T. Nueva) Dagupan City Frozen foods
Jay & Joy Comercial Pogo Chico Dagupan City Powdered drinks, frozen foods
GGM Frozen Foods and General Merchandise Barangay II (T. Nueva) Dagupan City Frozen foods
RRA Trading Barangay II (T. Nueva) Dagupan City Frozen foods
Claire's Frozen Foods and Chicken by- Products Barangay II Dagupan City Frozen foods
Esing Frozen Foods Dagupan City Frozen foods
Eco Global Frozen Foods Barangay IV Dagupan City Frozen foods
Merab's General Merchandise Malued Dagupan City Frozen foods
Mitch Frozen Foods Lucao Dagupan City Frozen foods
Jessere Store Salisay Dagupan City Rice lpg frozen foods
CM Frozen Foods Mayombo Dagupan City Frozen foods
EMM Boneless Bangus and Frozen Foods Malued Dagupan City Bangus and frozen foods
Brenda's Tuna Store Tapuac Dagupan City Frozen Fish
SIEREN FROZEN FOODS Barangay IV ( Zamora) Dagupan City Frozen foods
J & K MERCHANDISE Barangay I (T. Bugallon) Dagupan City Frozen foods
MARCELO'S FROZEN AND CHICKEN BYPRODUCTS Barangay II ( Nueva) Dagupan City Frozen foods
MILA'S FROZEN FOODS Bonuan Boquig Dagupan City Frozen foods
DJ AND MALOU'S CHICKEN BYPRODUCTS AND FROZEN FOODS Barangay II ( Nueva) Dagupan City Frozen foods
RSV FROZEN PRODUCTS Pantal Dagupan City Frozen products
RUJEMAG FROZEN FOODS Barangay II ( Nueva) Dagupan City Frozen products
PERLA'S FROZEN MEAT PRODUCTS Barangay II Dagupan City Meat
MARY ANN FROZEN SEAFOODS AND CONSIGNACION Barangay I (T. Bugallon) Dagupan City Frozen Seafoods
97
CURRICULUM VITAE
PERSONAL PROFILE
Name: Michael John R. Soriano
Nickname: john john
Age : 20
Address: Naguilayan Centro, Binmaley Pangasinan
Birthday : September 30, 1998
98
Religion: Roman Catholic
Parents: Myrna R. Soriano
: Modesto V. Soriano
EDUCATIONAL BACKGROUND
Elementary : Nilombot Elementary School
: Nilombot Mapandan, Pangasinan
2003-2009
High School : Santo Tomas Catholic School
Mangaldan, Pangasinan
2009-2013
College : Lyceum-Northwestern University
Tapuac District, Dagupan City Pangasinan
2016- Present
Seminars Attended
 Financial Literacy Program of BSP Dagupan Branch
 Revisiting leadership Best Practices in an International Setting
 Business Process Outsourcing Seminar
 Job Application Seminar “Your Journey to Success in Corporate Setting:
How to be the ONE during Job Application and Interview”
 FINANCIAL LITERACY SEMINAR: A Millennial’s Guide Towards Financial
Freedom,
 REVISITING LEADERSHIP: Sharing Best Practices in an International
Setting,
 L-NU ICT CONGRESS 2016: Infographics on Media Security and Privacy
99
PERSONAL PROFILE
Name : Abegail B. Drilon
Nickname : Abbhy
Age : 21
Address : National Road Poblacion Burgos,
Pangasinan
Birthday : December 28, 1997
Religion : Roman Catholic
100
Parents : Nenita B. Drilon
Arnulfo P. Drilon
EDUCATIONAL BACKGROUND
Elementary : Burgos Central School
Poblacion Burgos, Pangasinan
2004-2010
High School : Burgos National High School
Poblacion Burgos Pangasinan
2010-2014
College : Lyceum-Northwestern University
Tapuac District, Dagupan City Pangasinan
2016- Present
Seminars Attended
 Financial Literacy Program of BSP Dagupan Branch
 Revisiting leadership Best Practices in an International Setting
 Business Process Outsourcing Seminar
 Job Application Seminar “Your Journey to Success in Corporate Setting:
How to be the ONE during Job Application and Interview”
 FINANCIAL LITERACY SEMINAR: A Millennial’s Guide Towards Financial
Freedom,
 REVISITING LEADERSHIP: Sharing Best Practices in an International
Setting,
 L-NU ICT CONGRESS 2016: Infographics on Media Security and Privacy
101
References
Banana Peel Essay (2015) https://www.cram.com/essay/Banana-
Peel/PKJEQRF3XJ
Manila Trade, John Dela Cruz (2009). Philippine Banana Production and
Exporting. Retrieved August 2, 2019, from
102
https://www.manilatrade.com/philippine-banana-production-and-
exporting/
Philippine Statistics Authority (PSA) (2019). Major Fruits Crops Quarterly
Bulletin, April- June 2019. Retrieved August 2, 2019, from
https://psa.gov.ph/fruits-crops-bulletin
Eco Watch. Nicole D’Alissandro (2014). 10 Ways to Use Banana Peels. Retrieved
August 2, 2019, from https://www.ecowatch.com/10-ways-to-use-
banana-peels-1881933181.html
Mary Ann M. Arizo (2018). Ripe Banana Peel Wastes for a Mosquito Ã¢Â Â“
Free Environment. Retrieved August 2, 2019, from
https://www.longdom.org/proceedings/ripe-banana-peel-waste-for-a-
mosquito--free-environment-42699.html
Plant-Based News, Dudez Perez (2019). 5 Surprising Studies that Prove
Veganism is Growing Around the World. Retrieved August 29, 2019, from
https://www.plantbasednews.org/opinion/5-surprising-studies-that-
prove-veganism-is-growing-around-the-world
Rate of Grammar and Plagiarism Test
A.Grammar Test
103
B. Plagiarism Test
104

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TABLE OF CONTENTS

Title Page ……………………………………………………….…………...i

Approval Sheet …………………………………………………..………..……...ii

Table of contents ….…...…………………… …………………………….……...1

Rationale and background of the study……….……..…………………..6

Statement of the Problem ……………….………………………...……..... 8

Significance of the Study ……………………….……………..…………… 9

Scope and Delimitations …..………………………………….……………. 10

Chapter II: MARKETING ASPECTS

Description of the Product……….…………..……….………..…..……….19

Gantt Chart …………………………………….………………………….......43

Production Timetable ……………………………………….……………..…44

Chapter IV: ORGANIZATIONAL AND MANAGEMENT PLAN

Form of the Business…………………………….…….………………….….55

Duties and Qualifications of Personnel ……....……………………….. 57

Policies of the Proposed Business…………………………………….…… 60

Operating and Work Schedule……………………………………….……..60

Chapter V: FINANCIAL ASPECTS

B. Statement of Changes in Equity……………………………....65

D. Statement of Financial Position……………………………..…66

Notes to Financial Statement………………………………………………..67

Chapter VI: SOCI-ECONOMIC ASPECTS………………………………..………78

Appendix A: Individual Survey Questionnaire…..….…….……..…….. 83

Appendix B: Total Tally of Survey …………………………………….……85

Appendix C: Survey Result………………..………….……………………;.88

Appendix D: Interview Questionnaire for Retailers.……….…………..91

Appendix E: Result for the Retailers Survey………………..……………92

Appendix F: Articles of Partnership………………………………………..93

Appendix G: DTI Registration…………………………………..…………..96

Curriculum Vitae ……………….………………………………………................97

SoLit is a business engage in processing and distributing Patty that is

Nilombot Mapandan Pangasinan.

According to the Philippine Statistics Authority (PSA), Saba banana

ranked second on the banana production as of January to March 2019 with a

Products will be the business supplier of banana peel.

Based on the survey conducted by proponents in the target market, out

Dagupan City, as of 2018, there is no registered processed banana peel

establishment within the province of Pangasinan.

The strengths of the business are pioneering the product, healthy/

reputation and outdated technology. The opportunities are an abundant supply

of raw materials, government support, and partnership to the supplier, while

The total investments are P 230,000 that includes business registration,

equipment, kitchen utensils, office and operational supplies, initial inventory,

066.74, P 74, 791.86, P 101, 631.57 and P135,966.64 respectively.

according to ManilaTrade, the worldwide consumption of bananas is around

important fruit crop in the Philippines. According to the Philippine Statistics

Authority, as of January to March 2019, the production of banana goes 2.11

million metric tons.

Cardova Bananas or Saba is one of the types of banana growing in the

body. According to the Philippine Statistics Authority (PSA), Saba banana

ranked second on the banana production as of January to March 2019 with a

total of 25.0 percent of the total banana production.

As bananas, whether eaten raw or cooked are popular fruit consumed

worldwide, there is a significant amount of banana peel being generated as well.

potassium than the flesh of the banana. It also contains tryptophan, an

vitamin A and B6. It also contains minerals like calcium, manganese,

magnesium, and sulfur. Banana peel also contains antioxidants including

lutein and phytochemicals. It can be a remedy for treating various health

According to the article published by the International Journal of Waste

producing countries in the world based on Worldatlas. The increase in the

banana is a convenient, tasty, single-serving snack and also an ingredient to

throw it away anywhere. According to EcoWatch, 12% of the weight of the