RGV Company

RGVs Camote Jam Delight

CPG North Avenue Tagbilaran City
OWNERS:
Abrau, Geny Lyn M.
Ayeng, Vegalie G.
Gesta, Maria Reina P.
Raa, Rhina R.
Santisas, Ginevie G.

Raw Materials & Finished Product

INTRODUCTORY PAGE
RGV Company is a newly established
partnership, located in CPG North Avenue
Tagbilaran City.
According to research food is the most
feasible business venture, thus RGV
Company aims to create an innovated
food product with a capital contribution
of 500.00 each. The products name will
be called RGVs Camote Delight.

RGV Company is equally owned and managed

by these following partners:
Geny Lyn M. Abrau
Poblacion, San Miguel, Bohol
Vegalie G. Ayeng
Booy, Tagbilaran City, Bohol
Maria Reina P. Gesta
Buyog, Valencia, Bohol
Rhina R. Raa
Camambugan, Ubay, Bohol
Ginevie G. Santisas
Pangpang, Ubay, Bohol

EXECUTIVE SUMMARY
RGV Company is a newly established
partnership, located in CPG North Avenue
Tagbilaran City. This partnership is equally
owned and managed by five partners namely:
Geny Lyn Abrau, Vegalie Ayeng, Maria Reina
Gesta, Rhina Raa and Ginevie Santisas.
The curiosity of the partners push them to
indulge into a food manufacturing venture.
The products name is RGVs Camote Jam
Delight, made from different varieties of sweet
potato.

Sweet potato is known to be cheap but

excellent source of carbohydrates, vitamin A,
carotene, calcium, and phosphorus. It is also
a fair source of thiamine and iron but poor
source of riboflavin, niacin, and vitamin C.
That is why it also promotes a product that is
not only after taste but also of nutritive
value. As s business, its goals are of quality,
innovation and integrity.
As a social relevance, it helps the
community in a way that we can patronize
locally produced camote.

The unit cost is 3.60, with the unit price

of 5.50, which is a 52% mark-up based on
cost.
For the period of 2 months, the company
estimates to realize a 2,188.80 gross profit.
The return of investment is the capital
contribution of the partners, which is 500
each a total of 2, 500, plus the net income,
which is 2,188.80 , a total of 4,688.80 .
Each partner has a return equal to 937.76.

The Objectives of RGV Company are the

following:
To be able to enhance our skills as aspiring
entrepreneurs.
To be able to sustain our business in a
period of 2 months.
To be able to meet the needs of the
community.

RGV Company Mission is as follows:

Quality: Our products have always been in the

forefront of the health and nutrition wave.

Innovative: Innovative products, state of the

art manufacturing, quality assurance and industry
expertise are the bases for future successes.

Integrity: Our customers depend on the

quality of our product. Our commitment to the
highest standard is the foundation of our
customer's trust in our Camote Jam Delight.
Home-made Camote depends on extensive
cooperation and mutual reliance between supplier
and retailer. We stand behind our product, our
service and our word.

INDUSTRY ANALYSIS
A. Analysis of Competitors
Most probably, we desire to sell our
product as a dessert, in the restaurants near
the vicinity of University of Bohol, based on
that, our competitors will be the available
dessert made by the owners of the
restaurants, there might be pre-existing local
food products, i.e. ube jam, squash jam,
camote cue, etc.

B. Market Segmentation
We aim that in our production, our product
will be all sold out, we can do that by:

RGV Company

Fleet Mer
Restaurant

Restaurant near
UB

Restaurant near
UB

Boarders

Students from
UB, BISU, etc.

Students from
UB, BISU, etc.

DESCRIPTION OF
VENTURE
A. Product
RGV Company will offer a newly
innovated product made from different
varieties of sweet potato.
RGV will produce a tasty, yummy and
delectable camote jam that will satisfy its
customers, perfectly made down to the
smallest detail.
Compare to others, RGVs Camote
Jam have various colors and toppings
according to the variety of sweet
potato we will be using.

Sweet potato locally known as kamote

or camote, is a commonly planted in flat
to slightly rolling open areas. The crop is
also known to be cheap but excellent
source of carbohydrates, vitamin A,
carotene, calcium, and phosphorus. It is
also a fair source of thiamine and iron but
poor source of riboflavin, niacin, and
vitamin C.

Raw Materials & Finished Product

B. Size of Business
RGV Company is a micro business,
since its total capital is only 2,500.
Also, it has only five workers working in
the production.

C. Background of Entrepreneurs
RGV Company has come to existence
through the utmost efforts of these young
entrepreneurs:
NAME

AGE

PERMANENT ADDRESS

Geny Lyn M. Abrau

18

Poblacion, San Miguel, Bohol

Vegalie G. Ayeng

19

Booy, Tagbilaran City, Bohol

Maria Reina P. Gesta

18

Buyog, Valencia, Bohol

Rhina R. Raa

18

Camambugan, Ubay, Bohol

Ginevie G. Santisas

19

Pangpang, Ubay, Bohol

They are all third year Accountancy students

at the University of Bohol.

PRODUCTION PLAN
A. Manufacturing Process
This is how a Camote Jam Delight is made:
Ingredients:
In order to produce a camote jam delight
these basic ingredients are needed:
camote
condensed milk
margarine
butter
sugar

 Here are the procedures:

Boil the sweet potato until cooked.
Peel the skin then place on a separate bowl.
Mash the sweet potato.
Set the pan in low heat then melt the butter.
Add the mashed sweet potato, sugar and
condensed milk. Mix well.
Spoon in paper cups and add toppings.
Chill for 30 minutes then serve.

B. Production Schedule
Steps

Time

Boiling

1 hour

Peeling

15 minutes

Mashing

15 minutes

Mixing

30 minutes

Molding

30 minutes

Chilling

30 minutes

TOTAL

3 hours

C. Manpower Requirement
Name of Partner
Geny Lyn Abrau
Vegalie Ayeng
Ginevie Santisas
Maria Reina Gesta
Rhina Raa
Geny Lyn Abrau
Vegalie Ayeng
Ginevie Santisas
Maria Reina Gesta
Rhina Raa

Duties

No.
3

Preparing & boiling the

camote
Peeling the camote
Mashing and mixing

Molding

D. Place of Production
RGV Company manufactures their product
at Booy, Tagbilaran City, Bohol, the residence
of one of the partners Ms. Vegalie Ayeng.
E. Names of Suppliers of Raw Materials
Plaza Marcela
Cogon Public Market

MARKETING PLAN
A. Pricing
The company's sales forecast is 3,168 in
the first month and 3,168 in the second
month with a total cost of goods sold of
2,073.60 every month.
This results in a gross profit of 1,094.40
every month and a gross margin percentage
of 52% every month.

NOTE 1:
Raw Materials:
Camote (1 kilo)
- 30.00
Condensed Milk (195g) 14.40
White Sugar (125 grams) 5.94
Butter ( 2 packs) 13.60
Margarine (50 g)
7.82
Paper molder
2.28
Cheese
5.00
Indirect materials
7.36
TOTAL COST
86.40
Number of Units Produced
24
UNIT COST
3.60
Mark Up
52%
Unit price
- 5.50

By week- 6kls
TOTAL COST (per kilo)
Number of kilos per week
Total Cost per week

Number of Units (per kilo)

Number of kilos per week
Total Units produced

86.40
x
6
518.40

24
6
144

By month- 24kls
TOTAL COST (per kilo)
86.40
Number of kilos per month
x 24
Total Cost per month
2,073.60
Number of Units (per kilo)
24
Number of kilos per month
x 24
Total Units produced
576
Unit price
5.50
SALES
3,168

B. Distribution
Target Market:
Restaurants near the vicinity of
University of Bohol
FleetMer Boarding House
Students and Teachers

C. Promotion
Free tasting for the 1st week of
operation
Word-mouth advertising
Social media, i.e. facebook

ORGANIZATIONAL PLAN
A. Form of Ownership
RGV Company is a partnership
business composed of partners that are
both capitalist and industrial. All
partners have equal control and the
decision of majority rules. They have
unlimited liability. The profit or loss
will be divided equally between the
partners.

B.

Roles and Responsibilities of

members of the Organization
The company is equally owned and
managed by all the partners. They are
expected to carry out certain roles, duties
and responsibilities. These include the
following:

Loyalty and Good Faith

Each partner must act in good faith
toward the other partners and must not
take any advantage over the other
partners
by
misrepresentation
or
concealment.

 Obedience
Partners must observe any limitations
adopted by a majority of the partners with
regard to the ordinary details of the
partnership business.
Reasonable Care
A partner must use reasonable care in
transacting the partnerships business and
is liable for any loss resulting from a
failure to act with reasonable care.
Information
A partner has the duty to inform the
partnership of all matters relevant to the
partnership.

 Management
Each partner has the right to take an
equal part in transacting the business of
the partnership. It is irrelevant that one
partner contributed more than another
financially or that one contributed only
services when the partnership was formed.
Inspection of Books
All partners are equally entitled to
inspect the books of the partnership.

ASSESSMENT OF RISK
A. Evaluate weakness of business
Perishable
Umay-Factor
Competitors
Pre-existing local food products,
i.e. ube jam, squash jam, camote
cue

B. Contingency Plan
If raw materials, especially camote,
wont be available in the suppliers we
mentioned, we will resort to buying the
said material at other markets.
In the production, were using stove
in cooking our product, and if there will
be instances that the stove will run out
of gas/fuel, we will consider using
firewood.
Since we will deliver our product to
certain restaurants, and if its close
without our knowledge and/or they will
refuse to buy, we will be selling it
personally to individual customers.

FINANCIAL PLAN
The partners of RGV Company will
contribute 500 each, a sum 2,500, that
will be the source for financing the business.
Their will be no additional investment
from the partners, nor borrowed funds from
creditors.

Income Statement

Note :
Assets
All materials and equipment used in the
production are borrowed and fully depreciated
such as pan, ladle, stove, etc.
All sales will be in Cash, thus there is no
expected Accounts Receivables.
Inventory is zero, for we assume that all
products will be sold.
Liabilities
The company will not incur any liability
because the capital contributed is enough for the
production.

NOTE 1:
Raw Materials:
Camote (1 kilo)
- 30.00
Condensed Milk (195g) 14.40
White Sugar (125 grams) 5.94
Butter ( 2 packs) 13.60
Margarine (50 g)
7.82
Paper molder
2.28
Cheese
5.00
Indirect materials
7.36
TOTAL COST
86.40
Number of Units Produced
24
UNIT COST
3.60
Mark Up
52%
Unit price
- 5.50

The Return of Investment is the capital

contribution of the partners, which is 500
each a total of 2, 500, plus the net income,
which is 2,188.80 , a total of 4,688.80 .
Each partner has a return equal to 937.76.