Business Plan 605k1u

SEMESTER 1 (2016/2017) GROUP ASSIGNMENT

GIG1003 BASIC ENTREPRENUERSHIP CULTURE

Prepared by; MOHAMAD HAKIMI BIN MOHD HANAFI

JIA160073

NURSAFFA HAZWANI BINTI ABDUL HALIM

EEE150206

SITI NAJEEAH BINTI RUSLEE

BEB140018

JHASVINIE A/P SELVAN

AIF160014

RACHAEL LOH SHU CHING

RIA160033

NIKITA KHAIRINA BINTI MAX MULWAN

SIG160040

NOOR’ARFAH HUSNA NOOR AZMAN

AEK160050

1

BASIC ENTREPRENEURSHIP CULTURE ASSIGNMENT ASMA BINTI MUHAMAD PREPARED BY: 1 2 3

MOHAMAD HAKIMI BIN MOHD HANAFI

JIA160073

NURSAFFA HAZWANI BINTI ABDUL HALIM

EEE150206

SITI NAJEEAH BINTI RUSLEE

BEB140018

4

JHASVINIE A/P SELVAN

AIF160014

5

RACHAEL LOH SHU CHING

RIA160033

6

NIKITA KHAIRINA BINTI MAX MULWAN

SIG160040

7

NOOR’ARFAH HUSNA NOOR AZMAN

AEK160050

BUSINESS PLAN 2

COMPANY ADDRESS: Umbrella Corporation, no. 23, Jalan Plumbum P7/P, Seksyen 7, 40000 Shah Alam, Selangor

PREPARED BY:

MOHAMAD HAKIMI BIN MOHD HANAFI NURSAFFA HAZWANI BINTI ABDUL HALIM SITI NAJEEAH BINTI RUSLEE JHASVINIE A/P SELVAN RACHAEL LOH SHU CHING NIKITA KHAIRINA BINTI MAX MULWAN NOOR’ARFAH HUSNA BT NOOR AZMAN

JIA160073 EEE150206 BEB140018 AIF160014 RIA160033 SIG160040 AEK160050

DATE :

TABLE OF CONTENTS CONTENTS EXECUTIVE SUMMARY 1.0 INTRODUCTION

PAGES

3

2.0 OBJECTIVES 3.0 BACKGROUND OF COMPANY 4.0 OWNER BACKGROUND 5.0 BACKGROUND OF PROJECT 5.1 PROJECT LOCATION 5.2 MACHINERY TECHNICAL INFORMATION AND EQUIPMENT 6.0 ORGANIZATION PLAN 6.1 VISION, MISSION AND ORGANIZATION LOGO 6.2 ORGANIZATIONAL STRUCTURE 6.3 LABOUR PLAN 6.4 TABLE OF DUTIES AND RESPONSIBILITIES 6.5 REMUNERATION 6.6 LIST OF OFFICE REQUISITES 6.7 LIST OF ISTRATIVE EXPENSES 7.0 MARKETING PLAN 7.1 DESCRIPTION OF PRODUCT / SERVICE 7.2 CUSTOMER PROFILE 7.3 MARKET SIZE 7.4 ANALYSIS OF MAIN COMPETITORS 7.5 MONTHLY SALES FORECAST 7.6 MARKETING STRATEGY 7.7 DETAILS OF MARKETING EXPENSES 8.0 OPERATION PLAN 8.1 FLOW CHART 8.2 UNIT OF PRODUCTION 8.3 MONTHLY RAW MATERIAL REQUIREMENTS 8.4 SPACE LAYOUT & LOCATION PLAN OF OPERATIONS 8.5 OVERHEAD COSTS OF OPERATION 8.6 LIST OF OPERATING EXPENSES 9.0 FINANCIAL PLAN 9.1 PROJECT EXECUTION COSTS 9.2 CASH FLOWS 9.3 PROFIT AND LOSS STATEMENT 9.4 BALANCE SHEET 9.5 LOAN REPAYMENT SCHEDULE 10.0 CONCLUSION APPENDIX AND ING DOCUMENTS

COVER LETTER Magic UM’Brella Umbrella Corporation, no. 23, Jalan Plumbum P7/P, Seksyen 7, 40000 Shah Alam, Selangor

4

Miss Asma, Jalan Universiti, 50603 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia 4 OCTOBER 2016

Miss, SUBMISSION OF BUSINESS PLAN REPORT We are student from Entrepreneurship, would like to submit this report that was assign for us to complete according to the procedures that are related to the suggestion project. 1

This Business Plan had fulfilled the entrepreneurship requirement to be a good entrepreneur. It also can be a guideline to those who want to set up a new business. We are really hopes that it will give the benefits and useful information to those who are interested to this business.

2

Lastly, we hope with the opportunity, our business will become a successful and also become a popular Bumiputera business in this scope of business.

Yours faithfully, …………………. (SITI NAJEEAH BINTI RUSLEE) EXECUTIVE SUMMARY Magic UM’Brella is the name given. It is designed to protect a person against rain or sunlight. The word "umbrella" typically refers to a device used for protection from rain. An item designed to protect from the sun. Often the difference is 5

the material used for the canopy; some parasols are not waterproof. Umbrella canopies may be made of fabric or flexible plastic.

1.0 INTRODUCTION An umbrella or parasol is a folding canopy ed by wooden or metal ribs, which is usually mounted on a wooden, metal, or plastic pole. It is designed to protect a person against rain or sunlight. Now, with our new design of an umbrella, rather than creating pools of rainwater when it is put away, like normal umbrellas, the UM’Brella folds the opposite way, that makes it collecting drips inside. It will keep the wet part of the umbrella inside once you've closed it, meaning things don't get dripped on when you put it away after coming indoors. Instead, the water runs off while enclosed by the folds of the canopy. It helps to prevent us from getting wet during raining day when we are getting in or out from the car because the umbrella folds upward. It also solves the problem of poking ers-by in the head with an umbrella's spokes because it opens from the top rather than the bottom. The benefits of this umbrella is that s can stay dry for longer by putting their umbrellas down once inside, avoiding damage by strong gusts of wind. It can stand up on its own, it is an ideal for us when we have nowhere to prop our umbrella up against.

2.0 OBJECTIVES This business plan is prepared by Umbrella Corporation for the purpose of obtaining working capital loan from Maybank for the amount of RM200 000.

3.0 COMPANY BACKGROUND Business name

Umbrella Corporation

Business address

Umbrella Corporation, no. 23, Jalan Plumbum P7/P, Seksyen 7, 40000 Shah Alam, Selangor 6

Mailing address (if different)

Jalan Universiti, 50603 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

Phone :

012-2125656

Fax Number

03-60213354

Email

[email protected]

Type of business

Partnership

Main activities

Umbrella product

Execution date

5 November 2016

Business registration number

123456-7

Initial capital

RM200,000

Name and address of the shareholder

MOHAMAD HAKIMI BIN MOHD HANAFI 

No 467 Jalan Nilam, Dungun,Terengganu

NURSAFFA HAZWANI BINTI ABDUL HALIM  No 10, Jalan Teluki 3a/2, Bukit Sentosa, Rawang, Selangor SITI NAJEEAH BINTI RUSLEE JHASVINIE A/P SELVAN  10,Jln Ss19/4G Subang Jaya 47600 Selangor, Darul Ehsan RACHAEL LOH SHU CHING  2R Jalan Zu Bandar Baharu Ayer Itam 11100 Pulau Pinang NIKITA KHAIRINA BINTI MAX MULWAN  No 24,Jalan Bina 2,Bina Park, Bandar Seri Alam,81750 Masai,Johor NOOR’ARFAH HUSNA BT NOOR AZMAN  No. 23, Jalan Nuri 8/34, Seksyen 8 Kota Damansara,47680 7

Petaling, Selangor.

Name of bank

Maybank

Bank number

162011234545

4.0 BACKGROUND OF COMPANY OWNER Owner's name

Nikita Khairina Binti Max Mulwan

Number of identification card

881204-01-5680

Date of birth

04 December 1988

Mailing address

No. 5, Jalan Damansara Utama 2, Villa Damansara,50300 Kuala Lumpur.

Phone number

0177032909

Fax Number

03-60223443

Email

[email protected]

Marital status

Single

Name of spouse

None

8

Academic level

Bachelor Degree in Business istration

Courses and training provided

Yes

Experience

-Intern at Colourpop Cosmetics in 1997 -Works as a promoter in 2000

Current work

Entrepreneur

Number of shares

6 persons

Position in the company

CEO

5.0 PROJECT BACKGROUND

Name of project

Magic UM’Brella

Address of project site

Lot 87-1,Level 3,Pavilion Kuala Lumpur

Number of lot / area of the project site

Around Pavilion Mall

Details of the project site owners

Located at Level 3 of Pavilion Mall

5.1 PROJECT LOCATION 9

Project location plan

: Refer to Attachment

Basic facilities

: Lift, Information Counter, sitting zone, friendly service

Design of the building

: Modern

Acreage of the building

: 40 X 60

Rental costs

: RM5000

5.2 MACHINERY TECHNICAL INFORMATION AND EQUIPMENT 1. No.

Machines and existing equipment Type of machine and equipment

Cost (RM)

1. 2..

Umbrella Cutting Machine

3.

Umbrella Sewing Machine

2. No.

Machinery and equipment required Type of machine and equipment

Cost (RM)

1. 2.. 3.

6.0 ORGANIZATION PLAN 10

6.1 VISION, MISSION AND ORGANIZATION LOGO

BUSINESS VISION To be a market leader in creative design, manufacture and supply of quality outdoor leisure & corporate advertising products.

BUSINESS MISSION 

To continually meet and exceed our customer's ever changing needs by providing innovative, top quality service and products.



To develop our business partnerships and staff through good values, communication and mutual trust.

ORGANIZATION LOGO

6.2 ORGANISATIONAL STRUCTURE 11

MANAGER (NIKITA KHAIRINA BINTI MAX MULWAN)

OPERATING OFFICER (MOHAMAD HAKIMI BIN MOHD HANAFI)

FINANCIAL MANAGER (NURSAFFA HAZWANI BINTI ABDUL HALIM)

ISTRATIVE OFFICER (SITI NAJEEAH BINTI RUSLEE)

SALES OFFICER (RACHAEL LOH SHU CHING)

SALES OFFICER (JHASVINIE A/P SELVAN)

ISTRATIVE OFFICER (NOOR’ARFAH HUSNA NOOR AZMAN)

6.3 LABOUR PLAN Number

Position

Number of employees

1.

General Manager

1

2.

Finance Manager

1

3.

Sales officer

2

4.

istrative Officer

2

5.

Operation officer

1

6.4 TABLE OF DUTIES AND RESPONSIBILITIES 12

No .

Position

1.

General Manager

Responsibilities 





2.

Finance Manager



 

 

3.

Sales Officer











Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices. Maintains quality service by establishing and enforcing organization standards. Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies. Contributes to team effort by accomplishing related results as needed Provide financial reports and interpret financial information to managerial staff while recommending further courses of action. Advise on investment activities and provide strategies that the company should take Maintain the financial health of the organization. Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans. Develop trends and projections for the firm’s finances. Conduct reviews and evaluations for cost-reduction opportunities Accomplishes marketing and sales objectives by planning, developing, implementing, and evaluating advertising, merchandising, and trade promotion programs; developing field sales action plans. Identifies marketing opportunities by identifying consumer requirements; defining market, competitor's share, and competitor's strengths and weaknesses; forecasting projected business; establishing targeted market share. Improves product marketability and profitability by researching, identifying, and capitalizing on market opportunities; improving product packaging; coordinating new product development. Sustains rapport with key s by making periodic visits; exploring specific needs; anticipating new opportunities. Provides information by collecting, analyzing, and summarizing data and trends. 13

4.

istrative Officer

















5.

Operation Officer

     

Oversees and isters the day-to-day activities of the office; develops policies, procedures, and systems which ensure productive and efficient office operation. Provides assistance and to the office principal in problem solving, project planning and management, and development and execution of stated goals and objectives. Supervises the work of employees in ing roles, including asg workload and monitoring employee performance. Performs research and analysis on specific issues, as required, and independently prepares non-routine letters and/or reports, which may be highly sensitive and confidential in nature. Serves as the primary point of istrative and liaison with other offices, individuals, and institutions on operational and programmatic matters concerning the Office. Organizes and facilitates meetings, conferences, and other special events; coordinates and attends committee meetings, and participates in committee discussions, as appropriate. Coordinates the disposition and/or resolution of individual problems and disputes involving faculty, staff, students, and/or of the general public, as they arise. Oversees the operation of office s, and plans and monitors expenditures; as appropriate, develops and/or coordinates budgets for the office and associated s. Balances and reconciles various bank s. Completes and files various bank reports on a quarterly basis. Participates in monthly branch manager meetings. Processes daily incoming and outgoing ATM adjustments Performs daily, weekly, monthly and quarterly reporting required of the ATM program. Participates in training seminars in all operations areas.

14

6.5 REMUNERATION

Position

No .

Monthly Salary

EPF contribution (13%)

SOCSO (2%)

TOTAL

General Manager

1

5000

650

100

5750

Finance Manager

1

2500

325

50

2875

Sales Officer

2

6000

780

120

6900

Operation Officer

1

2800

364

56

3220

istrative Officer

2

5800

754

116

6670

Total

7

22100

2873

442

25415

6.6 LIST OF OFFICE REQUISITES

Type

No.

Price per cost

Total (RM)

Computer

3

3000

9000

Printer

3

800

2400

Photostat Machine

2

1500

3000

TOTAL

8

14400

14400

15

6.7 LIST OF ISTRATIVE EXPENSES Item

Property Expenses

Salaries and Remuneration Office requisites

Monthly Expenses

Other Expenses

25415

14400

Rent

5000

7.0 MARKETING PLAN 7.1 DESCRIPTION OF PRODUCT / SERVICE

16

7.2 CUSTOMER PROFILE

Segmentatio n

Variables/Bases

1. Geographic

· Shah Alam – The Population in Shah Alam is around 105,000 people. · Bukit Jelutong – The Population in Bukit Jelutong Is around 52,900 people. · Subang Jaya – The Population in Subang Jaya is 120,990 people.

2. Demographic

3. Psychographic

·

3% of the housewives

·

10% of the college students

·

7% of the working people

Price · The price of a Magic UM’Brella product is cheap and long lasting. So, people will buy our product. It is a rare item and it is convenient for working people and college students. · Our product is bought among the middle class people because they can afford it and it is consider cheap.

7.3 MARKET SIZE / POPULATION The Magic UM’Brella manages to do some assumption concerning market size after collecting relevant information from competitors, residents around Shah Alam, Bukit Jelutong and Subang Jaya. Total population = 105,000 + 52,900 + 120,990 = 278,890 Target consumer Housewives = 3% 3

x 278,890 = 8367

100 17

College students = 10% 10

x 278,890 = 27,889

100

Working people = 7% 7

x 278,890 = 19,522

100

8,367 + 27,889 + 19522 = 55,778 55,778 x RM100 (the amount of person will spend when come to our shop) = RM 5,577,800.

7.4 ANALYSIS OF MAIN COMPETITORS LIST OF COMPETITORS

STRENGTH

WEAKNESS

18

7.5 MONTHLY SALES FORECAST I.

NAME OF PRODUCT: Magic UM’brella

MONTH

TOTAL SALES (RM)

JANUARY

5430

FEBRUARY

6500

MARCH

15430

APRIL

12000

MAY

23400

JUNE

12000

JULY

7500

AUGUST

23000

SEPTEMBER

12300.50

OCTOBER

10500

NOVEMBER

8900.50

DECEMBER

17890

TOTAL

II.

154,851

NAME OF PRODUCT : Magic UM’Brella

MONTH

TOTAL SALES (RM)

JANUARY

12300

FEBRUARY

34500

MARCH

24000

APRIL

23500

MAY

8750

JUNE

15760

JULY

18900

AUGUST

21000 19

SEPTEMBER

5700

OCTOBER

13577

NOVEMBER

32980

DECEMBER

12467

TOTAL

223,434

Total monthly sales forecast for next year increase by % with total amount RM223,434. 7.6 MARKETING STRATEGY PRODUCT

PRODUCT DEVELOPMENT

Design Brands Packaging Durability 7.7 DETAILS OF MARKETING EXPENSES

Item

Property expenses (RM)

Monthly expenses (RM)

TOTAL (RM)

Transportatio n

500

500

Promotion

800

800

Insurance

1200

Total

1200

1200 1300

2500

20

8.0 OPERATION PLAN 8.1 PROCESS FLOW CHART

8.2 PRODUCTION UNIT I.

NAME OF PRODUCT :Magic UM’Brella

MONTH

TOTAL PRODUCTION (UNITS)

JANUARY

6000

FEBRUARY

8000

MARCH

10200

APRIL

10700

MAY

11000

JUNE

12367

JULY

25000

AUGUST

21000

SEPTEMBER

21300 21

OCTOBER

16000

NOVEMBER

16432

DECEMBER

12478

TOTAL

II.

170,477 units

PRODUCT NAME : Magic UM’Brellla

MONTH

TOTAL PRODUCTION (UNITS)

JANUARY

10000

FEBRUARY

11350

MARCH

12970

APRIL

23960

MAY

25700

JUNE

43000

JULY

12940

AUGUST

25631

SEPTEMBER

8600

OCTOBER

21550

NOVEMBER

25890

DECEMBER

14521

TOTAL

236,112 units

22

8.3 MONTHLY RAW MATERIAL REQUIREMENTS Type of raw materials

Quantity

Stockpiles

Price per Unit (RM)

Total Purchases

canvas

310

Mr.Wong

RM2

620

Stick steel

310

En. Badri

RM4

1240

clip

310

Miss Ke Xin

RM0.5

155

Small stick steel

1800

Pn. Aima

RM1

1800

RM7.5

3815

Total

8.4 SPACE LAYOUT & LOCATION PLAN OF OPERATIONS

Figure 1 : Space Layout of Magic UM’Brella shop

23

Figure 2: Location of the shop

Figure 3: The map of Seksyen 7

24

Figure 4: How to go to our shop 8.5 OVERHEAD COSTS OF OPERATIONS Cost

Total

Electricity Expenses

1500

Phone Bill

300

Clerk Salary

25415

Total

27215

8.6 LIST OF OPERATING EXPENSES Cost

Property expenses

Machinery

3x5000=15000

Workers' wages Total (RM)

15000

Monthly expenses

Other expenses

Total (RM) 15000

5personsx900=450 0

4500

4500

19500

9.0 FINANCIAL PLAN 25

9.1 PROJECT EXECUTION COSTS / PREOPERATIVE PRE-OPERATION COST

TOTAL (RM)

Raw material

3815

Utility bills

1500+300=1800

Site rental

5000

Renovations

-

Total (RM)

10615

9.2 CASH FLOW Item

January

February

March

April

Mei

June

December

- Sales revenue

108000

108000

108000

108000

108000

108000

108000

-

100

100

50

80

30

10

-

107900

107900

107950

107920

107970

107990

108000

5000

5000

5000

5000

5000

5000

5000

Utility bills 1800

1800

1800

1800

1800

1800

1800

(+) In cash flow

Donation

TOTAL (-) Cash outflows - Rental cost -

- Raw materials

3815

3815

3815

3815

3815

3815

3815

- Workers' wages

4500

4500

4500

4500

4500

4500

4500

TOTAL

15115

15115

15115

15115

15115

15115

15115

BALANCE OF CASH FLOWS

92785

92785

92835

92805

92855

92875

92885

26

9.3 PROFIT AND LOSS STATEMENTS Umbrella Corporation Profit and loss statement For the year ended June 30, 2015 RM

RM

Sales

108000

(-) Return on sales

(5000)

Net sales

uj

RM

103000

Cost of goods sold 00000

Initial stock (+) cost of production

27000 h

(-) finishing stock GROSS PROFIT Cost of sales Advertising / promotion

(800)

Transportation

(500)

Management cost

(380)

Manager salary

(5750)

Phone

(300)

Vehicle maintenance

(150)

Stationery and office equipment

(14400)

Hire purchase interest

(350)

Loan interest

(400)

Total expenditure NET PROFIT

27

9.4 BALANCE SHEET Umbrella Corporation Balance Sheet at 30 June 2015 RM

RM

RM

Non-current assets Premises

60000

Computer

9000

Office equipment Furnishings

14400 7500

90900

Current assets Finishing stock Debtors Bank Cash (-) Current liabilities Creditors Working capital

Funded by: Owner Equity Early Capital (+) Net profit (-) Takeout Final capital Non-current liabilities Long-term loans 28

9.5 REPAYMENT SCHEDULE Total loans : Interest Rate Duration Repayment begins : Methods Total principal per month Total interest per month Year 1

Principal

Interest

: : : : : Total repayment

Principal balance

h

2 3 4 5 6 7 8 9 10 10.0 CONCLUSION

APPENDIX 1. Certificates of academic qualifications 2. Course certificates 3. The partnership agreement 4. Business licenses 5. Location map of the project 6. The rental agreement 7. The layout of the office / factory 8. Quotation of equipment required 29

9. Other documents

APPENDIX AND ING DOCUMENTS

Business Card

30

Flayers BACK - BLANK

31

FRONT

INSTAGRAM BLOG FACEBOOK 32

PHOTO OF SHOP

33

Figure 6: Outside of our prospect Magic UM’Brella store

Figure 7: Inside of our prospect Magic UM’Brella store

PHOTO OF UMBRELLA

34

35

36

37