TRINITY UNIVERSITY OF ASIA College of Business Administration CASHEW BREAD A Feasibility Study Presented to the Faculty of College of Business Administration In Partial Fulfilment Of the Requirements for the Degree Bachelor of Science in Accountancy By: GRACIA, Grazielle Pauline F. MARQUEZ, Lister A. CHAPTER 1 INTRODUCTION This chapter includes the different aspects that were considered in making the feasibility study. The proposed location of the business was also shown in this chapter. Background of the study Bread is one of the staple food of man, it is made of flour, liquid, salt, leavening , shortening and other ingredients.
Bread comes in many sizes and shapes, each one with its own name, aroma, flavour and level of quality. Cashew (Anacardium Occidentale) is called Kasoy or Balubad in Tagalog or Bologo in Ilokano. It is originated from the north-eastern Brazil and was brought to the Philippines in the 17th Century. The cashew plant is an evergreen tree that grows up to 12 meters tall, with a dome-shaped crown or canopy bearing the foliage on the outside, where flowers and fruits are found. The fruit has a kidney-shaped nut, about 3 cm x 1. cm attached to a much enlarged and swollen pedicel or receptacle forming the fruit-like cashew apple. Cashew/Kasuy is one of the most important nut crop in the Philippines and the third most important nut in the world after almond and hazelnut. Traditionally, only the nut is given attention by cashew growers as it commands a good demand in the market among domestic consumers. It is a versatile crop with many economic uses in the food industry as food and feed. The cashew nut is a popular snack, and has rich flavour means that it is often eaten on its own, lightly salted or sugared, or covered in chocolate.
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Under Food and Non-alcoholic Beverages Division, bread and cereals has the highest expenditure share at 12. 4 percent. The commodities most commonly purchased by households belonging to Bread and Cereals Class are rice, corn, flour, cereal preparations like bibingka, puto, sumang malagkit, pancit canton, biko, bread and other bakery products like loaf, pandesal, biscuit, cracker, monay, and pasta products like macaroni, spaghetti, sotanghon, bihon, miki; this is according to the 2007-2008 Commodity and Outlet Survey. The target market of the proposed study was the residents of the city of Antipolo.
The cityhood marked the beginning of the period of Antipolo’s greatest growth and development. From being just one of the many municipalities of Rizal Province, Antipolo has become one of the fastest growing cities in the country with an annual income and population that rivals the combined income and population of all the other towns in Rizal. When people think of Antipolo City, the first thing that comes to mind was the Our Lady of Voyage, kasuy, suman and kakanin. The researchers aim to create a new product for the people of Antipolo using one of its main delicacies, kasuy.
And since cashew nut was easily found in the market of Antipolo City, the researcher proposed a new presentation of the consumption of cashew nut (Kasuy) in the form of bread. Not only having the regular vitamins and minerals that cashew nut can offer but in addition the benefits that bread provide to maintain a good and healthy body. They want to produce a product that can be both healthy and consumable at the same time. The residents of Antipolo have not yet heard of the product, the CASHEW BREAD, thus making them interested in consuming such.
And since the Cashew Bread is not the typical bread, it does not only contain carbohydrates or fibres it also contains vitamins that can be found in a cashew nut. Cashew nuts have oleic acid that promotes good cardiovascular health that is good to people especially those with diabetic and heart problems. Some basic yeast bread recipes are enhanced with other ingredients that change the characteristics of the bread and some other bread may include ingredients that simply add flavour to the bread but the cashew bread contains both enriching and flavouring ingredients and may be almost a meal in them. Vision Statement
To be Philippines premier bread manufactures, offering healthy and superior tasting food to every household. Mission Statement * Innovative, competitive and dedicated to satisfying our customers and consumers. * To constantly improve what is essential to human progress by enhancing the quality product we sell. * Serve our customers and delight our consumers through the quality of the product. Needs Giving Rise The proponents decided to open the business in Antipolo City because they notice that they have much cheaper permits to operate the business and the Minimum Wage is a lot lower than those of the NCR area.
The researchers are fond of eating both cashew nut and bread; this is the reason why they came up with the idea of incorporating the two ingredients together making a remarkable new product. They thought this kind of product is not yet available to the market and making it will be a great investment. They will be the pioneer in introducing CASHEW BREAD in the market. And they want to present the product to a place known to be one of the main suppliers of cashew nut and one of the fastest growing cities in the Philippines, Antipolo City. The need of bread is growing simultaneous with the population of a city; more people mean more consumption.
And bread and cereal being the highest expenditure share among the commodities being purchased by the household. Bread, having a total of 85 percentile of demand, according to the survey done by the researches in the city. Vicinity Map The proposed location of the factory and office is shown in figure 1. 1 Located along Marcos Highway, Mayamot, Antipolo City. Figure 1. 1 Vicinity Map Scope and Limitation Scope The study of the project took place in the City of Antipolo since the main ingredient, the cashew nut, is one of the city’s staple.
The proposed business will operate in the City of Antipolo, thus the target market will be the people residing therein. The main concern of the study is the production of flavoured-loaf bread, specifically Cashew Bread. Limitations The locals of the City of Antipolo will be prioritized as to the recruitment of the company’s employees. The distribution of the finished product, Cashew Bread, will be exclusively circulated throughout the city. Only people ages 20 and above are being considered as the target market of the researchers. CHAPTER 2 Management Aspect
It is always necessary to have a plan before any endeavour no matter how simple the undertaking is. This chapter includes the basic consideration concerning the organization of the feasibility study. It includes the form of ownership, personnel qualifications and responsibilities, organization chart, pre-operating activities and its timetable. Form of Business The researchers decided to implement a partnership form of business since it is easier to form and there are only two people who are going to start the business. The project shall be known as GREAT MINDS PARTNERSHIP that will be located at the City of Antipolo. Share in Profit
The two researchers decided to equally share all the profits or losses that they will encounter in undertaking the business. They will permanently withdraw 20% of the net income each year; or increase their capital contribution equal to 20% of the net loss. Pre-operating period The product shall be pre-operated six (6) months before the start of the operation. Partnership will be the type of business operation; it will consist of two (2) capitalist partners namely; Grazielle Pauline F. Gracia and Lister A. Marquez. The partners contributed Php 2,000,000. 00 each. Gantt chart The business will be pre-operated for six month, starting from June.
In the inception of the business the partners will choose the kind of business operation that will be used. There was an analysis of the feasibility project that lasted 7 weeks. The partners prepared the necessary equity and funding of the business. Next, was the submission of the requirements to the local government of Antipolo and to the other agencies that are concerned with the opening of a new business, like Bureau of Internal Revenue; Securities and Exchange Commission; Department of Trade and Industry. Then, the partners canvassed the needed machinery for the factory and then acquiring the said machines.
Afterwards, the renovation of the factory for use. The hiring of employees will be the next step that lasted for a month. Finally, the promotional strategy will now commemorate. The business will operate on January. The pre operating activities of the project is presented in Figure 2. 1 Operating Policies and Procedures General: * Be operating from 8:00 a. m. to 5:00 p. m. * The employees will be required to work eight (8) hours of shift per day and will have a one (1) hour lunch break and twenty (20) minutes coffee break during the operation of the factory in the afternoon. Unsold returned bread will be sold to commercial fishponds as fish food. * Identification cards should be worn at all times inside the office and factory. * The Administrative and Finance Director together with the Superintendent are to submit a progress report to the owners monthly. Office * Office employees are required to wear corporate uniforms from Monday to Thursday; and can wear smart casual clothes every Friday. Factory * Factory employees are required to wear white t-shirts, aprons, gloves, boots and hair net when they are inside the factory which the company will provide.
Compensation * Salaries are payable ever 15th and 30th of every month. * Salary of late employees will be deducted by 5% of their salary for a day. * Overtimes will be 150% of their daily salary. Internal Control * Cash should be deposited intact in the bank at the end of every week by the Administrative and Finance Director together with one of the owners. Attendance * Employees should file their overtime before they are authorized to do overtime work, employees who will not file their overtime would not be paid by the company. Employees who will take a leave should submit a leave of absence two (2) days before their said leave. * They are allowed at least twenty absences/sick leave/vacation leave a year with pay. * Sick leave and vacation leave are not cumulative and not convertible to cash. Organizational Structure Organizational Chart The organizational set up of the Great Minds Partnership is presented in Figure 2. 2 The total operation of the business is the main responsibility of the Administrative and Finance Director. Under him is the Superintendent will be spearheading the facilitation and operation of the factory.
The Office Employees will be the one to do all the administrative and/or finance work that the Administrative and Finance Director will tell them to do. Under the Superintendent are the Factory Employees who will make and prepare the proposed product of the business. Next in line is the Driver who is tasked to deliver the finished product to the company’s distributors. The Security Guard will be the one responsible to protect the business premises. ADMINISTRATIVE AND FINANCE DIRECTOR SUPERINTENDENT SECURITY GUARD FACTORY EMPLOYEE OFFICE EMPLOYEES DRIVER ADMINISTRATIVE AND FINANCE DIRECTOR SUPERINTENDENT SECURITY GUARD FACTORY
EMPLOYEE OFFICE EMPLOYEES DRIVER Figure 2. 2 Organizational Chart Staffing Requirement The business will employ 11 persons who are preferably located in Antipolo City. Table 2. 1 shows the staffing requirements of the business for its effective and sound operation. All applicants are required to submit their resume together with their birth certificate and NBI clearance. The Administative and Finance Director together with the Superintendent and the Office Employees are to be tested for their IQ and EQ for better management. The Factory Employees are required to pass a physical examination for quality control. Table 2. list the possible jobs, requirements and their remuneration. Table 2. 1 Staffing Requirements POSITION| QUALIFICATIONS| REMURATION| Administrative and Finance Director| * Graduate of any Business Course. * Has a Master’s Degree. * 5 year experience in managing a business. * 27- 35 years old. * Has great Leadership Skills. | P 15,000,00 | Superintendent| * Industrial Engineering Graduate. * 3 – 5 years of work experience. * 25 – 35 years old. | P 12,000. 00| Office Employees| * Graduate of any Business Course * 1 – 3 years of work experience. * 21 – 27 years old. | P 8,000. 00| FactoryEmployees| * At least High School Level. 21 – 35 years old. | P 7,000. 00| Driver| * At Least High School Level. * 21 – 35 years old * With Driver’s License. | *Minimum Wage of P315. 00 per day| * SOURCE: DEPARTMENT OF LABOR AND EMPLOYMENT (NATIONAL WAGE AND PRODUCTIVITY COMMISSION): Effective 15 January 2011 Duties and Responsibilities The following are the expected duties and responsibilities of the management of the business including all concerned committees for the proper implementation of the project. Administrative and Finance Director * Primarily responsible for guiding employees in achieving the goals and ambitions of the organization. Ensure that all processes and practices are working in a proper manner. * Discuss with other members of the top management and devise any specific goals, which are to be accomplished within a certain time period. * Oversee all processes, they have to pay minute attention to monthly or quarterly functioning of each individual practices. * Hire well-experienced and efficient managers for handling the operations of individual practices in a company. * Train, guide and assist the newly hired process managers, regarding handling daily processes and employee performance. Required to conduct presentations to the higher management pertaining to business, marketing, and advertising strategies, and all other necessary aspects of the company processes. * Communicating with clients and attracting new projects to the company for execution and finalization. * Ensuring that every individual department is giving their best possible outputs, and recommending and devising any new policies that are likely to prove beneficial to the goodwill of the organization. * Conduct quarterly, semi-annual and yearly general meetings for presenting the profits, gains and achievements of the company. Managing and coordinating work of the process managers working. * Devising and planning of company policies, and discussing them with the top management for final approval. * Develops guidelines of operation for certain processes, which are directly under his authority. * Devise and set up an annual budget and fiscal plan, and present it before the board of directors. * Prepare elaborate reports of the functioning and all the company departments, and submit the reports to the top management for practice performance review * Put into action the company’s vision and mission statements. Help the general managers with budgeting and allocating finances for the different sub divisions. * Review the finances for every quarter and make changes to the budget if required. * Ensure that high value services are provided to the client. * Arrange employee training programs to improve the quality of the workforce. * Motivating the employees to achieve set goals and conceptualizing rewards and recognition programs is their duty. * Interacting with clients for redressing complaints and understanding their requirements * Ensure that work ethics are followed and company policies are adhered to.
Superintendence * He has to plan the schedule of work to be done after reviewing customer orders and raw materials available. * A manufacturing coordinator has to schedule all the activities that concern the customer orders and shipments. This can be scheduling of the customer orders or shipments from the inventory / manufacturing unit to the store. * The coordinator has to also make sure that the company policies are followed during all the procedures. * He also does some quality control functions and has to ensure that the manufactured products are up to the mark. He is expected to train the new employees in the manufacturing process of the organization and handling of the equipment. * He has to also make sure that all the safety guidelines in the manufacturing process are being followed by the employees, and the work environment is clean and safe. * He allocates various tasks to the employees involved in the manufacturing process, to ensure timely delivery of goods to the customers. * He has to keep a record of all the inventory materials that are essential for the manufacturing process. He has to also maintain a log of all the inventory stock, and order necessary material as required * Taking smart decisions for purchase of equipment and machinery for the production unit. * Have to make sure that the machinery is latest and meets the industrial standards for large scale production. * Come up with ways for enhancing the production of goods and thereby, increase the sales and profit margins of the organization for whom they work. * Have to work for long hours and are known to work in offices as well as in the production units and factories. Factory Employee Collecting raw resources for processing, measuring, mixing, and cooking raw materials. * Controlling the automated process and temperature for making products. * Checking the quality of prepared product and documenting the exact results at definite times of production process. * Cleaning and sterilizing the plant processing area. * Operating the machinery to produce good quality bread. * Involve sincerely in feeding and running the machines. * Control the whole process of production. * Ensure the quality of the product. * Operating the machines efficiently and checking the product samples. Maintain the production unit by proper cleaning and sterilization. * Understand the various products that are manufactured in the company. * Assorting and packing the products. * Understand the health and safety regulations of the company and work according to it. * Follow the instructions and execute them. * Expertise in the machines in the company. * Deliver efficient teamwork. * Work in shifts and do overtime in case of excessive production. * Work with respect to the rules of the factory and report to the supervisor in case of any issues. Office Employee Office workers are required to provide excellent customer service to all customers and clients. This requires being knowledgeable regarding the rules and regulations of their employer, as well as the products and services offered. Office workers may have to answer customer questions, respond to complaints and troubleshoot with customers having difficulty with certain products and services. * Office workers will be required to communicate with supervisors, colleagues and other office personnel. Whether the communication is verbal or in writing, office workers are duty bound to emain professional, articulate and respectful. Inter-office communication will also involve active listening; office workers should pay full attention when their co-workers are speaking without interrupting, and use non-verbal cues such as leaning in and nodding to demonstrate interest in their statements. * Office workers are often responsible for operating a switchboard or answering the phones. Duties include speaking in a professional tone, placing clients on hold, transferring calls to voicemail and utilizing the conference call feature. Most of an office worker’s duties are performed on the computer. Employees must create, edit and print documents, send and receive emails, create and maintain spread sheets, prepare Power Point presentations, perform Internet research and use various other software applications specific to their employer’s needs. * Office workers are typically responsible for filing documents. Companies may use paper, computer or digital filing systems. * Some office workers have the responsibility of sending and receiving faxes to and from clients, customers and distributors.
Depending on the urgency of the fax, office workers may call the recipient to make sure the fax was received. * Some office workers may be required to perform some accounting duties, including budgeting, invoicing, billing, debt collection and some payroll duties. Office workers who perform these functions may need training on accounting software such as QuickBooks, as well as instruction on using a 10-key adding machine. * Office workers are often required to run errands for their employers. These errands may be business related, although in the case of a personal assistant, errands may be of a personal nature. Driver The driver shall strictly observe Traffic Rules and Regulation and maximum speed limit as prescribed by the Land Transportation Office ( LTO) * The driver shall maintain assigned vehicles always clean and in good condition, necessary maintenance such as washing and /or cleaning of assigned vehicles shall be done and scheduled properly for the convenience of the client * The driver shall be responsible for the routine check-up of the vehicles , routine check-up to include but not limited to oil , brake function, water, lights ; tire condition and the like * During the waiting time either inside or outside of the Clements’s premises, the driver shall always stop the engine and electric power of assigned vehicles to save consumption of fuels * The driver shall endeavor to give attention of the client or its passenger whenever or wherever, and must always be at sight of the clients * Sleeping inside the Client vehicles is strictly not allowed * The driver shall always drive the client vehicles safely and comfortably and must exercise defensive driving while on the road to prevent accident.
Reckless driving shall be sufficient ground for driver’s recall and consequently be a cause of termination * At 5:00 Pm the closing time for regular working hours, the driver shall, at all time park the vehicles at the designated parking area * It is the sole responsibility of the driver to monitor expiration and renewal of his driver’s license without causing any inconvenience to the client or the company scheduled * Fuel and necessary expenses for the maintenance shall be at the account of the company, however any expenses incurred by the driver without prior approval and knowledge of the company is not reimbursable * The driver shall observe strictly the company rules and regulation, policies and directives and instruction of the Company EMPLOYEE BENEFITS Benefits derived from the project would mean progress in the community. Direct and indirect benefits will be of help in the economic upliftment of the populace. ` 1. Social Security Systems (SSS) Contributions The social security system is aimed at providing protection for the SSS member against socially recognized hazard conditions, such as sickness, disability, maternity, old age and death, or other such contingencies not stated but resulted in loss of income or results to a financial burden. 2.
Contribution to National Health Insurance Program (NHIP) The employee and his/her employer(s) are to contribute for the medical insurance of the said employee in accordance to the Republic Act 7835 on Medicare Program which is administered by the Philippine Health Insurance Corporation (Philhealth). Monthly employee contribution depends on the employee’s actual monthly salary. The contribution schedule is provided by Philhealth. (See: Philhealth Premium Contribution Schedule) 3. Contribution to Home Development and Mutual Fund (HDMF) The employer(s) is required to contribute per month not less than P100. 00 to the employee’s Home Development and Mutual Fund. In accordance to the periodic remittance schedule provided by HDMF, the employer(s) will remit this contribution, in addition to that of the employee’s, which is to be deducted from his/her payroll. 4. The 13th Month Pay As mandated by the Presidential Decree No. 51, the employee shall receive a bonus salary equivalent to one (1) month, regardless of the nature of his/her employment, not later than December 24 of every year. 5. Service Incentive Leave Book III, Chapter III of the Labor Code of the Philippines covers the employee’s benefit for Service Incentive Leaves. According to Article 95, an employee who has rendered at least one year of service is entitled to a yearly five days service incentive leave with pay. (See: Article 95, Conditions of Employment) 6. Meal and Rest Periods Under Article 83, the employee is provided a one-hour employee benefit for regular meals, when working on an eight (8 hour) stretch.
Employees are also provided adequate rest periods in the morning and afternoon which shall be counted as hours worked. (See: Article 83, Conditions of Employment). The factory employees will be given two (2) sets of clothes that will be worn inside the factory, this sets includes, a white t-shirt, apron, gloves, hair net and a rubber boots. The employees will be given Php 350. 00 a month for their meal allowance. Recruitment Program To enable the business to operate effectively, the partners will hire employees within the vicinity of Antipolo. The said measurement will be advantageous to the workers since it will minimize their expense of transportation. Likewike, tardiness and absences will also be prevented and reduced.
They will post advertisement that they will be needing employees; they will post this advertisement in the local newspaper of Antipolo and known websites that specialized in recruiting possible employees. Also, the partners would ask people if they knew someone that are residing in the vicinity and are looking for a job. They will also post information sheets to strategic places in Antipolo City and to different universities and colleges. The information sheet will consist of jobs needed, qualifications, and to whom and where to contact for applications. CHAPTER 3 Marketing Aspect This chapter discusses the viability and profitability of the feasibility study. The demand, the supply and market analyses are included in this chapter. Supply and Demand Analysis
The researchers went to the City of Antipolo to conduct a survey on whether they will buy the CASHEW BREAD. They asked 100 respondents, living in the city, on whether they will entertain such product. The survey showed that 73% of the residents would acquire the product, and 27% are not interested. The product is new to the people of Antipolo and they have not yet heard of such. The 73% who would acquire the product said that they would buy it because it is new to them and are very interested in trying the said product. Most of the respondents said that they are generally concerned about the taste rather than the price. They would still acquire the product even though the price is relatively higher than those of the leading brands.
The 27% of the respondents said that they would not acquire because they are neither fond of eating cashew nut nor white bread. the breakdown of the response of the people is shown in Table 3. 1 and the Table 3. 1 | NO. OF RESPONDENTS| PERCENTAGE| YES| 73| 73%| NO| 27| 27%| TOTAL| 100| 100%| Market Figure 3. 1 shows the market share of the existing business in Antipolo City. The business will penetrate the market by providing those consumers that the competitors cannot supply. Gardenia has the highest market share with a 53 percentile, bakeries with a 20 percentile and other competitors with a total of 27 percentile. Figure 1 Market Share Target Market
The business will be located at Antipolo City. The primary target are those people living in the area specially those who are fond of eating bread. Product Description “The Cashew Bread is a white bread with a cashew twist in it. “ The proposed product is based on the idea of the researchers to incorporate cashew nut with bread. The CASHEW BREAD will give the people of Antipolo a new way of appreciating their own product. The Cashew bread is a new taste in city of Antipolo, a never heard product that intrigues curious minds to try the said product. Cashew bread offers a lot of vitamins and minerals that a human body needs to operate according into different lifestyle.
A highly recommended breakfast treat for it a good source of energy that is mainly used to function in the whole day. The sweet aroma will captivate the consumer and the soft crumb and tasty crust will surely catch their loyalty. The satisfaction of the cashew bread will rise in the full tasty presentation of the bread with the benefits it have with a reasonable price. The researchers focused on the enhancement of the taste of the product using different kinds of method, like sponge-dough preparation to give a quality product. Also, production process must be highly followed to ensure the good quality of the product that is mainly served for the consumers.
From the preparation of raw material with exact measurement until the last process, which is packaging, should be accounted for. The raw materials used in the production of the cashew bread are surely fresh from the market of Antipolo. Brand The company’s logo is shown in Figure 3. 2 Figure 3. 2 Company Logo Competitors: * Gardenia has the highest market share and the biggest competition of the company. Having a total market share of 67% in the Philippines * Bakeries that are in the City of Antipolo. Suppliers: Cashew Nut – Belen’s Special. Evelyn O. Fausto, Tanag Ext. E. S. Villa Homes Subd. Antipolo City. 0905-205-1416 Place Antipolo City was chosen by the researchers as their place of distributing the Cashew Bread due to its abundant supply of cashew nut.
Also, Antipolo City is known for being the leading distributor of cashew nut in the Philippines. Furthermore, the cashew nut is a known taste with the people of Antipolo. The researchers will give the people in Antipolo a new way of appreciating their native product. The factory will be located along the Marcos Highway, which will enable the distribution of the finished product be easier. Promotions In the early stage of the business there will be free sample taste of the product to introduce it to the market. This will be joined with the distribution of fliers and print ads that will be posted in markets, groceries, convenient stores to catch the buying public’s attention.
The company will be advertising through fliers, newspaper, magazine and internet advertisements, and food tasting on leading supermarkets, and sponsoring events in Antipolo City. People Great Minds Partnership will hire employees near the vicinity of Antipolo City for an easy access to the factory. Price CASHEW BREAD will be priced reasonably. Since this is a new player trying to penetrate the market, the pricing will be a little less than that of the prevailing retail price. Mark up of 30% will be enough to price the product. The cost of the product is based on the costing of the inputs such as, raw material, labour, equipment and information merge to produce that tasty treat
Channel of Distribution The channel of distribution of the business is shown in Figure 3. 3 The distribution of the final product would be from the factory to the groceries, supermarkets and convenient stores to the consumers. Factory Groceries/ Convenient Stores Consumers Factory Groceries/ Convenient Stores Consumers Figure 3. 3 CHAPTER 4 Technical Aspect Proper positioning is one of the most important factors to be considered in putting up a business. This chapter presents the product of the business, the production process, raw materials used, equipment and utilities for production and other technical information regarding the proposed product. The Project
The proposed business is going to be a manufacturer of Cashew Bread, this will be direct competition with locally manufactured bread but the price is less expensive than those already in the market. SWOT Analysis Business Strengths – A new taste to the people of Antipolo. Weaknesses – Opportunities – Threats – Competitors has established itself. High cost of raw materials Competitors (Gardenia) Strengths Perceived superior quality products (freshness and taste, awards) Wide coverage and distribution, and top the line production (extensiveterritorial distributors; 6,000 loaves per day)Ability to make rapid expansion Supported by a conglomerate with proven market success (QAF Group) Growing flank product lines6. Multi-awarded company Weaknesses
Limited availability/penetration to lower-end market (sachet economy) No stand-alone stores Opportunities Growing economy and rising middle class. Improvement on market coverage and distribution Threats Convergence of competitors. Bargaining power of retailers. Inflation and tariff. Global economic crisis Table 4. 1 – Office Equipment EQUIPMENT| Unit Price| Quantity| Total| Air Conditioner| 30,000. 00| 2. 00| 60,000. 00| Computers| 20,000. 00| 4. 00| 80,000. 00| 3-in-1 Printer Copier, Scanner| 4,000. 00| 2. 00| 8,000. 00| Time Machine| 5,000. 00| 1. 00| 2,000. 00| Table 4. 2 – Office Supplies | Unit Price| Quantity| Total| Bond Papers- Long per ream| 205| 12| 2460. 0| Bond Papers – Short per ream| 190| 20| 3800. 00| Ball Pen per box| 500| 4| 2000. 00| Ink| 500| 6| 3000. 00| Folders – Long (10 pieces)| 60| 12| 720. 00| Folders – Short (10 pieces)| 50| 12| 600. 00| Envelope (50 pieces)| 137| 6| 822.. 00| Clips per box| 169. 75| 4| 679. 00| White Board Marker per box| 480| 2| 960. 00| Easy File Box| 410. 25| 5| 2051. 25| Calculator| 348. 75| 5| 1743. 75| Stapler| 111| 15| 1665. 00| Furniture and Fixture The project will use the following furniture and fixtures for the office and factory area, see Table 4. 3 Table 4. 3 – Furnitures and Fixtures Desk| 2,495. 00| 8. 00| 19,960. 00| Office Chairs| 2,000. 00| 8. 0| 16,000. 00| Computer Table| 1,125. 00| 5. 00| 5,625. 00| Filling Cabinet| 10,000. 00| 2. 00| 20,000. 00| Fire Extinguisher| 2,000. 00| 2. 00| 4,000. 00| Table 4. 4 – Machinery EQUIPMENT| BRAND| QUANTITY| PRICE/UNIT| TOTAL PRICE| Bread Slicing Machine| | | | | Dough Mixer| | | | | Grinding Machine| | | | | Industrial Oven| | | | | Packing Machine| | | | | Roll-In-Rack Proofer| | | | | Steel Bakery Rack| | | | | Figure 4. 1 Machinery 4. 5 RAW MATERIALS | quantity| unit price| total cost| Eggs per tray| 2160| 150. 00| 324,000. 00| Flour, 1 kg| 5628| 148. 00| 832,944. 00| Salt, 1 kilograms| 240| 22. 08| 5,299. 20| Cashew nut, 1 kg| 1930| 400. 0| 771,840. 00| Sugar, 1 kilogram| 4824| 57. 00| 274,968. 00| Baking soda, 1 kilogram| 53| 60. 00| 3,209. 89| Egg – In home baking, neither the shell colour nor the grade of egg matter. The size standard recipes call for is large unless stated otherwise. Eggs perform many functions – leavening, binding, thickening, coating or glazing, emulsifying, moisturizing or drying, and adding colour, flavour, and nutrients to the finished product. Eggs also may be used to retard crystallization in some frostings Flour – Bread Flour – flour that typically has higher protein content than all-purpose flour capable of producing breads and rolls of excellent quality.
The flour is usually made with a greater percentage of hard red winter or hard red spring wheat which have higher gluten content giving the bread dough the elastic quality necessary for greater product volume. Protein levels vary from 10. 5%-12. 0%. The flour is usually malted, enriched and can be unbleached or bleached. Common applications include breads, pizza crusts and specialty baked goods. Salt – It contributes to overall flavour. In bread, it controls the fermentation rate of yeast. It has a strengthening effect on the gluten protein in the dough. Without salt, bread rises faster and air pockets enlarge where the gluten has broken, allowing holes to form. Bread made without salt will taste bland.
Sugar – Sugar or sucrose is a carbohydrate occurring naturally in every fruit and vegetable in the plant kingdom. It is the major product of photosynthesis, the process by which plants transform the sun’s energy into food. Sugar for home baking is produced in greatest quantities from sugar cane and sugar beets. Baking soda – A base, alkaline in nature, formed when sodium carbonate (purified form of mineral trona) is mixed with carbon dioxide and water to form sodium bicarbonate. Baking soda is the source of CO2 gas in leavening systems. It neutralizes acids in the batter, adjusting the final pH of baked goods. Baking soda is not the same as baking powder. Production Process
With the present number of production personnel, the business will operate from Mondays through Fridays, from 8:00 a. m. until 5:00 p. m. There will be only one production cycle in a day is to produce ? loaves of Cashew Bread. The process of making the Cashew Bread is shown in Figure 4. 1 Detailed process MIXING Mixing starts with sifting flour with help of vibratory sifter . Flour is then collected in bowl and then weighed . All ingredient are then added in bowl . Ingerients are flour , sugar ,fat ,salt ,yeast, gms powder, sodium stearoyl lactilate, smp solution ,bio-bake , Improvers, ammonium chloride , ascorbic acid , cysteine ,pot. Bromate, calcium propionate and acetic acid . These are added in std proportion as per requirement .
After addition of all ingredients bowl is moved to spiral mixer where is done . Water is added in different quantities . Mixing time depends on quality of flour in general mixing time can vary from 6- 12 min . under mixing and over mixing can have direct impact on dough consistency .Dough quality can be checked with stretching the dough . dough temperature is maintained between 80 degree f – 82 degree f . PROOFING | At this point fermentation is allowed to take its course in a warm and humid atmosphere while the dough is covered. At Beyond Bread we use a cool, dark atmosphere. Similar to that of a cave. Some of our breads proof for as long as 12 hours.
This type of proofing, combined with other details of the bread making process, gives our bread its uniqueness, depth of flavour and crispy crust. Here the dough ferments (or rises) to a desired volume and consistency. Ideally the dough should be soft and slightly pliable. If pushed with a finger it should leave an impression. | BAKING | Final step in the process. During the initial baking there is a tremendous burst of gas that occurs called oven spring. To allow for controlled tearing the bakers score (make cuts to) the loaves. The cuts create a weak area for the expansion to occur. We also use scoring to help identify certain loaves, which may appear similar.
This is where the final result can be experienced. The sight of warm fresh baked bread being pulled from the oven, the smell of freshly baked bread and the sound of the crackling crust is where the results of all the hard work are realized. | CASHEW NUT GRINDING FERMENTATION MIXING OF CASHEW AND BREAD INGREDIENTS FERMENTATION BAKING COOLING SLICING PACKAGING DOUGH MIXING BREAD INGREDIENTS DOUGH MIXING RESTING ADDING OF YEAST DELIVERY CASHEW NUT GRINDING FERMENTATION MIXING OF CASHEW AND BREAD INGREDIENTS FERMENTATION BAKING COOLING SLICING PACKAGING DOUGH MIXING BREAD INGREDIENTS DOUGH MIXING RESTING ADDING OF YEAST DELIVERY Figure 4. 1 Cashew Bread Process Waste disposal
It is very important for the company to keep the factory and the office hygienic at all times since the business manufactures food. To prevent spoilage of bread, certain practices should be strictly followed within the factory. To keep the workplace clean and free from cockroaches and other pests all litters should be properly disposed of after each working day. Inside the factory, several trashcans will be placed of each corner. All recyclable materials will be collected and kept until a junkshop representative comes and collects them. Biodegradable will be collected daily by the city garbage collectors. Plant Layout The plant layout is shown in Figure 4. 1 Figure 4. 1 CHAPTER 5 Financial Aspect
This chapter presents the cost requirements of the project, the general assumptions, and projected financial statements and financial analyses. General Assumptions: Income Statement * Straight line depreciation will be used in the machinery and equipment both in the office and the factory. * Mark-up 30% Sales. * Advertising Expense will decrease by 5% each year. * 32% will be the income tax expense rate. * Office equipment, Furniture and Fixture and Factory Equipment will have a useful life of 10 years each with no residual value. * Production will be 30% on the first year; 50% on the second year; 80% on the third year; and 100% on the fourth and fifth year. * Inflation rate is 4. 9% 10% of the total sales for next year will be the finished goods inventory for the current year. * Growth Rate 6. 3% every year. Balance Sheet * Periodic FIFO will be used in the inventory. * 5% percent of total sales will be allocated for yearly doubtful account expense. * Percentage of Sales will be used to project financial statements. * Sales will increase by 20% each year. * 40% of Sales will be collected in cash and 60% of Sales will be on laccount. * 60% of Credit Sales will be collected on the month after the Sale and the remaining will be collected two (2) months after the Sale. * 20% of Purchases will be paid in cash and 80% will be on account. 40% of credit purchases will be paid on the month after purchase and the remaining will be paid two (2) months after the purchase. * Inventory will be purchased twice a week. * Statement of Partnership’s Equity * Each partner will withdraw 20% of Net Income yearly. * During Net loss each partner will invest additional funds equal to 20% of loss. * . Payroll * Salaries will increase by 5% every year. * Employees are assumed to be married and have 1 qualified dependent. Source of Financing The proponents will have initial cash investment of Php 2,000,000 each. The amount invested will be properly planned and allocated to procure the basic needs of the business. CHAPTER 6 Social Desirability For the consumer
The project will provide the consumers more choices on their consumption of bread. For the Government The project would provide more job opportunities to the people of Antipolo. The company would pay taxes that will help the government for their fundings. For the Economy For the Company The project would help the company by giving them profits. For the Competitors The project would help its competitors to do more on their own products. For the Industry The project will enable the cashew industry to increase their yearly supply thus helping thus helping the cashew industry. The company enables the people of Antipolo more job opportunities For the Environment Bibliography http://www. homebaking. org/index. html
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