ASU (Aklan State University) Food Processing Laboratory is belong to the category of micro

business enterprise which either it is determine by its size of assets, size of equity capital
and even numbers of its employees.

Based on assets, the business has numerous assets which are useful to its operations in
buying supplies, producing and selling products. It has cash that came from monthly
collection that provides to pay wages of its workers, to spend for utilities expenses such as
water, telephone and electricity, and to pay its suppliers of fruits and other ingredients. It has
a building which is divided by two (2) working laboratories and a store. The two working
laboratories compose of Wet Processing Laboratory and Dry Processing Laboratory,
involves the processing of Fruits and Vegetables Juices, different concentrates and other
beverages and Jellies and Pickled Products; and others. The store is located in the front of
the said laboratory. It has a small office with display windows which showcas the various
products of the laboratory itself. The laboratory has also appliances, furnitures, machineries,
and equipments which are bought out from the business' income. All of these assets are
estimated that amount ranges up to 3, 000, 000 which is fall to the company size category of
micro business. See the Chart of Size of Business with correspoding amounts shown below.

According to equitable capital, the business is considered as micro business enterprise. Its
capital ranges up to 3,000,000 which the basis is shown below. During the beginning of
operation, the business contributes 20,000 as beginning capital. As of now, the said business
is still growing due to its success in selling various products most especially its first product,
the calamanci juice.

Size of Company Range of Total Assets / Capital (Pesos)

Micro Up to 3,000,000
Small 3,000,000 - 15,000,000
Medium 15,000,000 - 100,000,000
Large Above 100,000,000

Based on number of workers, the business is still a micro business enterprise because the
business employs only 6 workers. Those workers are working both in two laboratories as
maker of products, operator of machines and equipments and a store as cashier. (See the
basis of defining the size of company which shown below.)

Size of Company Numbers of Employees / Workers

Micro Less than 10
Small 10 to 99
Medium 100 to 199
Large 200 and above