MIMP'S LECHON PDF

Preview

Summary

ii ESTABLISHMENT OF “MIMP’S LECHON” AT BRGY. MAGATAS, SIBULAN, NEGROS ORIENTAL A Feasibility Study Presented to the College of Business Administration Negros Oriental State University Dumaguete City In Partial Fulfillment of The Requirements for the Course MNGT 147-Feasibility Study Degree of Bachel...

Description

Accelerat ing t he world's research.

MIMP'S LECHON Sylyn Alabata

Related papers

Download a PDF Pack of t he best relat ed papers 

Land Degradat ion Assessment (LADA) in t he in t he Philippines: T he BSWM-FAO Technical Coo… Rodel Carat ing

T he 2nd Int ernat ional Conference on Cooperat ives Alfred Tolent ino Communit y-based marine prot ect ed areas in t he Bohol (Mindanao) Sea, Philippines Paulina Aspilla

ii

ESTABLISHMENT OF “MIMP’S LECHON” AT BRGY. MAGATAS, SIBULAN, NEGROS ORIENTAL

A Feasibility Study Presented to the College of Business Administration Negros Oriental State University Dumaguete City

In Partial Fulfillment of The Requirements for the Course MNGT 147-Feasibility Study Degree of Bachelor of Science in Business Administration

By: Alabata, Sylym V. Matin-ao, Metchel B. Sapuan, Mylin Uy, Iverson Kent A.

December, 2019

ii

COLLEGE OF BUSINESS ADMINISTRATION

APPROVAL SHEET

IN PARTIAL FULFILMENT of the requirements for the for the degree of BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION, this project feasibility study entitled: “A PROPOSED STUDY ON THE ESTABLISHMENT OF “MIMP’S LECHON” AT BRGY. MAGATAS, SIBULAN NEGROS ORIENTAL,” has been prepared and submitted by: Sylym V. Alabata, Metchel B. Matin-ao, Mylin Sapuan and Iverson Kent A. Uy who are hereby recommended for ORAL DEFENSE.

ENGR. ERIC MARK UY Adviser

This project feasibility study entitled “A PROPOSED STUDY ON THE ESTABLISHMENT OF “MIMP’S LECHON” AT BRGY. MAGATAS, SIBULAN NEGROS ORIENTAL,” has been prepared and submitted by: Sylym V. Alabata, Metchel B. Matin-ao, Mylin Sapuan and Iverson Kent A. Uy has been viewed and approved by the Oral Defense Committee.

ILDEFE T. VILLANUEVA, DBA Panel

MARY JANE A. ZAMORA, MBA Panel

SHERWIN F. AGUILAR, MBA Panel

iii

COLLEGE OF BUSINESS ADMINISTRATION

APPROVED by the PANEL OF EXAMINERS ON ORAL DEFENSE ON DECEMBER 14, 2019 with a rating of .

ILDEFE T. VILLANUEVA, DBA Panel

MARY JANE A. ZAMORA, MBA

SHERWIN F. AGUILAR, MBA

Panel

Panel

ACCEPTED by the College Dean as partial requirements for the degree of Bachelor of Science in Business administration.

ILDEFE T. VILLANUEVA, DBA Dean, CBA

iv

COLLEGE OF BUSINESS ADMINISTRATION

CERTIFICATION This is to certify that the Project Feasibility Study entitled “A PROPOSED STUDY ON THE ESTABLISHMENT OF “MIMP’S LECHON” AT BRGY. MAGATAS, SIBULAN NEGROS ORIENTAL,” prepaid by Sylym V. Alabata, Metchel B. Matin-ao, Mylin Sapuan and Iverson Kent A. Uy, Bachelor of Science in Business Administration, is now ready for binding.

The content and the five aspect of the said Feasibility Study have been roughly examined.

ENGR. ERIC MARK UY Adviser

ILDEFE T. VILLANUEVA, DBA Panel

MARY JANE A. ZAMORA, MBA Panel

SHERWIN F. AGUILAR, MBA Panel

v

ACKNOWLEDGEMENT

The completion of this feasibility study has been made possible by the guidance, supervision, cooperation and participation of people who have given their time and solicited advice to this study.

To our parents who always guide and give words of wisdom to inspire us in doing our best in preparing the feasibility study as well as giving their both financial and moral support.

To our adviser, ENGR. ERIC MARK UY who has greatly shared her knowledge to us with patience and diligence in helping us to meet the necessary works for the completion of our feasibility study.

To our instructor, DR. JULHUSIN JALISAN, for his guidance, encouragement and for sharing his expertise to make this feasibility study.

To our proponent, MR. FEDERICO ARANAS who trusted us and has given us her time to make this feasibility study possible and successful.

To our respondents, who participated in our survey and have given their time to make this study possible.

And above all, to the Almighty God who always look up and secure the safety of the researchers in doing this project and for his abundant graces and blessings showered unto the family of the researchers.

Together, we sincerely acknowledge and give thanks to the people mentioned above who have brought the success of this feasibility study.

The Researcher

vi

TABLE OF CONTENTS INTRODUCTION

1

I. SUMMARY OF THE PROJECT

2

Name of The Firm

2

Location

2

Brief Description of the Project

2

Project Summary

3

Market Feasibility

3

Technical Feasibility

3

Management Feasibility

4

Financial Feasibility

4

Socio-Economic Impact

5

II. INTRODUCTION/ BACKGROUND OF THE STUDY

5

Brief Background of the Study

5

Objectives of the Study

6

Operational Definition of Terms

7

Scope and Limitations of the Study

7

III. MARKET STUDY Objectives of The Study

8 8

vii

Methodology

8

Demand

19

Consumption for The Past Years

20

Major Consumer of the Product/Services

20

Supply

21

Demand and Supply Analysis, Demand/Supply Gap

21

Projected Sales/Market Shares

23

Marketing Strategy/Programs

24

Product

24

Product Category/Quality and Style

26

Brand

27

Packaging

28

Pricing

27

Place of Distribution

27

Promotions/Advertising

29

IV. TECHNICAL STUDY

29

Objectives of the Study

29

Product/Service

30

Description of the Product/Services Production Process Description of the Process

30 31 32

viii

Production Schedule

33

Machinery and Equipment

34

Plant Location

41

Plant Size and Layout

42

Raw Materials and Supplies

54

Utilities (Electricity, Water, Fuel, Etc.)

56

Waste Disposal

57

V. MANAGEMENT STUDY

57

Objectives of the Study

58

Form of Business Ownerships

58

Registration of the Business

58

Capitalization

61

Organizational Structure

61

Manpower Requirements

62

Compensation

65

Organizational Policies

68

Legal Requirements

73

VI. FINANCIAL STUDY

76

ix

Objectives of the Study

77

Total Project Cost—All Items Considered, Consumption Made

77

Sources of Financing

78

Financial Statements

78

Assumptions

78

Projected Income Statements

93

Projected Balance Sheet

94

Projected Cash Flows

95

Financial Analysis Ratios

96 96

Liquidity Ratios

97

Leverage Ratios

97

Profitability Ratios

98

Capital Recovery, Internal Rate of Return (IRR)

99

Net Present Value

99

Break-Even Point Analysis

100

VII. SOCIO-ECONOMIC Contribution to The Philippine Economy

102 102

x

Employment Generation

102

Social Desirability

102

Others

103

REFERENCES ANNEXES

xi

LIST OF TABLES Tables 1

Description Number of Households in Barangay Magatas, Tubtuban and

Page 10

Calabnugon Sibulan, Negros Oriental (2019) 2

Sample Size Per Barangay

11

3

Respondents’ Age Profiling

12

4

Respondents’ Family Income Every Month

13

5

Respondents’ Answer if They Eat Lechon

14

6

Respondents’ Often Eat Lechon

14

7

Respondents’ Frequently Celebrate in a Year

15

8

The Occasions Where Respondents Would Like to Buy

16

Lechon 9

Respondents’ Who Have Tried to Inside the Stomach Buy

16

Lechon with Stuffed Dish 10

Respondents’ Preferred Dish Inside Lechon

17

11

Average Amount Respondents’ Would Like to Spent On

18

Buying Lechon with Additional Dish Inside 12

Respondents’ Who Are in Favor of Establishing “Mimp’s

19

Lechon” 13

Existing Competitors Near in Purok 5, Magatas, Sibulan,

22

Negros Oriental 14

Projected Sales

24

15

Product Category and Style

26

16

Projected Selling Price

28

xii

17

Machinery, Equipment and Furniture

33

18

Costs of Machinery, Equipment and Furniture

40

19

Estimated Building Cost

53

20

Raw Materials and Supplies

54

21

Costing of Raw Materials

55

22

Personnel Requirements for The Operating Years 2019-2023

62

23

Wages of “Mimp’s Lechon” Employees

66

24

Compensation Package

67

25

13 Month Pay

67

26

Employee’s Working Schedule

68

27

Total Projected Cost

76

28

Schedule 1: Sale of Revenue

80

29

Schedule 2: Cost of Sales

81

30

Schedule 3: Property, Plant and Equipment

81

31

Schedule 3.1: Building (See Technical)

82

32

Schedule 3.2: Equipment

83

33

Schedule 3.3: Transportation Equipment

83

34

Schedule 3.4: Kitchen Utensils

84

35

Schedule 3.5: Land

84

36

Schedule 3.6: Depreciation Expense

85

37

Schedule 4: Salaries Expense

86

xiii

38

Schedule 4.1: SSS, PHIC and HDMF

87

39

Schedule 5: Sanitary Supplies

88

40

Schedule 6: Repairs and Maintenance

88

41

Schedule 7: Fuel, Gas and Oil

89

42

Schedule 8: Taxes, Permits and Licenses

89

43

Schedule 9: Professional Fee

90

44

Schedule 10: Utilities Expense

91

45

Schedule 11: Vat Due and Payable

92

46

Projected Income Statement

93

47

Projected Balance Sheet

94

48

Projected Cash Flows

95

49

Payback Period

96

50

Liquidity Ratio

96

51

Leverage Ratio

97

52

Profitability Ratio

98

53

Internal Rate of return

99

54

Break-even Point Analysis

100

xiv

LIST OF FIGURES Figure 1

Description

Page

Consumption of Lechon Baboy for The Year 2018 20

2

The “Mimp’s Lechon” Logo 27

3

The Packaging of Mimp’s Lechon 28

4

Process How to Prepare the Lechon 31

5

Production Schedule 33

6

Vicinity Map 42

7

Site Development Plan 43

8

Pig House Perspective 44

9

Slaughter Perspective 45

10

Pig Grill Perspective 46

11

Floor Plan 47

12

Electrical Plan Legend 1 48

13

Electrical Plan Legend 2 49

14

Plumbing Plan Legend 50

15

Toilet Layout 51

16

Schedule of Loads 52

17

The “Mimp’s Lechon” Organizational Chart 61

xv

LIST OF ANNEXES Letter to Respondents Questionnaires Building Permit Electrical Permit Electrical Inspection Sanitary/Plumbing Permit BIR Registration DTI Registration

1

INTRODUCTION Mimp’s Lechon Lechon Baboy is one of the most popular traditional foods for Filipinos. It is considered to be the star in the table during fiesta, birthdays or any grand event for Filipino families. Lechon Baboy is a pork cuisine that originated in Spain; lechon is a pig that is roasted in a low hot fire over a charcoal. The dish is a popular food in other countries also. For Americans, they have their turkey during their Thanksgiving Day, but for Filipinos, they have the lechon baboy. Filipinos loves to eat meat, especially pork, it is not surprising that Filipinos has a lot of delicious, tasty, mouthwatering foods that they cook. Cebu is the most famous province in the Philippines to serve the most delicious lechon baboy. Now, not only Filipinos can enjoy the famous traditional food, even foreigners are now craving to have a bite from lechon baboy. So how is it that the famous Philippine Lechon Baboy is considered to be a world class food? There are number of reasons why it is considered to be an all-time favorite food not only in the Philippines since Filipinos are found around the world. Lechon baboy, as the main menu in every occasion, the demand of such is excessive but there are only few suppliers of the said dish. The researchers hence came up with the idea of the project but with a twist.

2

Summary of the Project Name of the Firm The name of the business is MIMP’S Lechon. The researchers and the proponent agreed to this name because it is catchy and easy to remember. Also, it sounds unique and uncommon. The MIMP’S comes from the researcher’s initial first names. The M stands for Mylin, I stand for Iverson, M stands for Metchel, P stands for Princess and the S stands for Sylym.

Location Mimp’s lechon will be located at Metro Dumaguete Diversion Road, Purok 5, Magatas, Sibulan. The researchers chose this place because the location is accessible to the citizens of Negros Oriental specifically to Dumaguete City which is the Metropolis and its nearby Municipalities. Also, it is accessible to all types of vehicles. Mimp’s Lechon beloved customer’s convenience is our utmost priority.

Brief description of the project The proposed project is a lechon baboy which is the most popular dish for Filipinos, and the researchers made an innovation to the present Lechon by adding some stuff inside the lechon. Mimp’s Lechon is an improvement in the preparation of roasted pig which offers more choices to customers, aside from the typical roasted pig

3

offered in the market. The Lechon with a twist, in which stuffing inside the lechon’s belly varies, such as shrimps, crabs, and chicken. The Mimp’s Lechon is providing the customers’ choices that will satisfy their wants and needs.

Project summary Market feasibility The Lechon food industry is considered as the center of many lucrative business enterprises today. Since most of the people love to eat this kind of food especially the children then there is really a market for the project. That the project is going to be feasible in terms of marketing point of view because the market survey reveals that 324 out of 360 respondents or 90% are in favor of establishing the proposed project.

Technical feasibility There is abundant supply of pigs especially the crabs and shrimps and other ingredients for the lechon baboy in the locality making the project very feasible. The project is going to be feasible in terms of the technical point of view because there is abundant supply of pigs in the province and the product is delicious.

4

Management feasibility The researcher has found out that the labor requirement of the project could be satisfied for the reason that the unemployment rate in the town is high. They also believe that there would be people who might be interested to initiate the project due to their financial capability. That the project is going to be feasible in terms of the management point of view because of the capacity and willingness of the proponents to finance the project. The number of people required for the project can be filled-up because of the availability unemployed individuals in the place. This group of individuals has shown their eagerness to be trained and get involved in the partnership.

Financial feasibility Financial consideration is the utmost important in whatever type of investment proposal. It is found in this study that the project would be requiring the amount of Eight Hundred Thousand Pesos (P 800,000.00). This is going to be allocated in all phases of project implementation. It is also seen by the researcher that the project would have a financial advantage when it comes to profitability and immediate recovery of initial investment.

5

Socio-economic impact The researcher believes that the project could really provide employment opportunity to unemployed individuals in the place where the proposed project is going to be established. They also believe that the income of the local government of the municipality of Sibulan could also be increased because of the tax that the project could pay. That the project is going to be feasible in terms of the socio-economic point of view because of the direct and indirect benefits it will provide not just for the proponents but as well as for the local government of Sibulan. The project would be paying sufficient amount for taxes every year which could help the government in discharging its functions and project implementation. The customers could also be benefited because of the product which is delicious and nutritious food it provides.

Introduction/Background of the Study Brief background of the study Every feast in the Philippines is not complete without the presence of the tasty roasted pig called “Lechon”. It is presented as the whole suckling pig with an apple in its mouth. The Lechon is the main attraction of a Filipino feasts such as birthdays, fiestas, wedding celebrations, and even graduation.

6