ESTABLISHMENT OF SUNLIGHT BOARD AT NATIONAL ROAD,

POBLACION 2, STA. CRUZ, OCCIDENTAL MINDORO

AN UNDERGRADUATE FEASIBILITY STUDY

Presented to
The Faculty of College of Business, Administration, and Management
OCCIDENTAL MINDORO STATE COLLEGE
Mamburao Campus

In Partial Fulfillment of the Requirements for the Degree

BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
Major in Financial Management

CHRISTOPHER R. DIAZ
ARIEL A. MANALO
GINALYN F. PAMANILAY
JOBERT R. PAGUAGAN
EDVIN CARLO C. ACOSTA
MARY JOY A. MANINGAT

MARCH, 2017

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 APPROVAL SHEET
This undergraduate feasibility study entitled Establishment of Sunlight Board
at National Road, Poblacion 2, Sta. Cruz, Occidental Mindoro, prepared and
submitted by Christopher R. Diaz, Ariel A. Manalo, Ginalyn F. Pamanilay, Jobert R.
Paguagan, Edvin Carlo C. Acosta and Mary Joy A. Maningat, in partial fulfilment of
the requirements for the degree Bachelor of Science in Business Administration Major in
Financial Management, has been examined and recommended for approval.

LADY BIRD C. REGUDO, MBA

Adviser

Certified as to the appropriateness of financial analysis and correctness of

grammar, style and format.

ROCHELL A. RUBIO SANDY V. HALUNAJAN

Financial Analyst Critic Reader

Approved as partial fulfillment of the requirements for the degree Bachelor of

Science in Business Administration Major in Financial Management.

VIRGINIA A. LEIDO, MA RUBY JANNE S. DUMALAOG,

MBA
Panel Member Panel Member

LEONARD P. RAMOS
Chairman
RIZZI ANGELICA T. DAGOS
RECO Member
EDWINA A. NATIVIDAD, PhD
Campus Research Coordinator

Accepted as partial fulfillment of the requirements for the degree Bachelor of

Science in Business Administration Major in Financial Management.

JUDY A. CATALO, DBA

Chairperson, College of Business, Administration, and Management
SUSANITA G. LUMBO, PhD
Director, Research, Development and Extension

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 ACKNOWLEDGMENT
First of all the proponents would like to give back all the honor, glory and greatest

thanks to our Almighty God, who always there to guide the author in completing this

research study. The proponents would like also to extend their gratitude, respect and

appreciation to our parents, teachers, friends, relatives and to all persons who inspire,

support, guide, and facilitate them in completing this work.

Ms. Lady Bird C. Regudo, MBA, their feasibility adviser, who always there to

willingly give her ideas, suggestions, knowledge and skills in guiding them to complete

their feasibility study.

Ms. Sandy V. Halunajan, their critic reader, for her worthful time to read, check

and give accurate grammar and spellings which led to the accomplishment of this

feasibility study.

Ms. Rochell A. Rubio, our financial analyst for her valuable action in helping us

to accomplish the financial aspects of our study.

Mr. Leonard P. Ramos, their subject instructor, who always there to willingly

give time to analyze, review and correct this undertaking, give some comments and

advice.

Dr. Judy A. Catalo, The chairperson of the department who always there to

support, remind and motivate us to perform our best to accomplished this feasibility

study.

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 DEDICATION

This feasibility study is fondly dedicated to:

Our beloved parents: thank you for your loving kindness that gives us strength

and determination to accomplish this study. We are very thankful of having such

supportive parents. Thank you for giving us chance to show that we can stand in or own

feet. We love you so much

Our Dear brother, sister, friends and relatives: we are very thankful of having such

inspirational advice. We are hoping that you will always there to support and guide us in

our way to reach our dreams.

Occidental Mindoro State College, our Alma Mater whose belief, ideals and

teaching made us equip in completing this research study.

And most of all we dedicate this research study to our Almighty God who

enlightened our minds and give meaning to our feasibility study.

C.R.D.
A.A.M.
G.F.P.
J.R.P.
E.C.C.A.
M.J.A.M.

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 TABLE OF CONTENTS
Page
TITLE PAGE i
APPROVAL SHEET ii
ACKNOWLEDGEMENT iii
DEDICATION iv
TABLE OF CONTENTS v
LIST OF TABLES vii
LIST OF FIGURES ix
LIST OF EXHIBITS x
LIST OF APPENDICES xi
EXECUTIVE SUMMARY xii

CHAPTER I BACKGROUND OF THE STUDY

A. Introduction 1
B. Objectives of the Study 2
C. Socio- Economic Desirability 3
D. Sources of Data 4
E. Definition of terms 4

CHAPTER II MARKET STUDY

A. Market Description 6
B. Demand Analysis 6
C. Supply Analysis 10
D. Demand and Supply Analysis 11
E. Market Strategies 12

CHAPTER III TECHNICAL STUDY

A. Service Description 16
B. Service Process 18
C. Machinery, Equipment, Furniture and Fixtures
And Office Supplies 20
D. Building and Facilities 23
E. Location 24
F. Layout/ Floor Plan 25
G. Capacity and Scheduling 25
H. Service Equipment and Supply 28
I. Utilities 29
J. Waste Management 30

CHAPTER IV ORGANIZATION AND MANAGEMENT STUDY

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 A. Form of Business Organization 32
B. Personnel Requirements 33
C. Qualification Standard 33
D. Job Description 34
E. Compensation Package 36
F. Fringe Benefits 36
G. Projected Time Table 36

CHAPTER V FINANCIAL STUDY

A. Major Financial Assumption 38
B. Capital Requirements 39
C. Source of Capital 40
D. Projected Financial Statement 40
E. Financial Statement Analysis 41

CHAPTER VI FINDINGS, CONCLUSION, AND RECOMMENDATION

A. Findings 50
B. Conclusion 51
C. Recommendation 51

REFERENCES
APPENDICES
CURRICULUM VITAE

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 LIST OF TABLES
Table Title Page
1 Target Market Population of Sunlight Board, 2015-2019 7
2 Projected Demand of Sunlight Board, 2015-2019 9
3 Projected Supply of Sunlight Board, 2015-2019 10
4 Demand and Supply Analysis of Sunlight Board, 2015-2019 11
5 Solar Panel Packages of Sunlight Board 14
6 Promotional Strategies if Sunlight Board 15
7 Appliances and Wattages of Sunlight Board 17
8 Office Equipment of Sunlight Board, 2015-2019 20
9 Service Vehicle of Sunlight Board, 2015-2019 21
10 Tools of Sunlight Board, 2015-2019 21
11 Furniture and Fixtures of Sunlight Board, 2015-2019 22
12 Office Supplies of Sunlight Board, 2015-2019 22
13 Renovation cost of Sunlight Board, 2015-2019 23
14 Schedule of Employees of Sunlight Board 23
15 Capacity to Supply of Sunlight Board 26
16 Monthly Amortization of Sunlight Board 26
17 Monthly Amortization Packages of Sunlight Board 27
18 Total Monthly Payment of Cash and Installment 27
19 Other Income of Sunlight Board, 2015-2019 28
20 Service Equipment of Sunlight Board, 2015-2019 29
21 Other Purchases of Sunlight Board 29
22 Utility Cost of Sunlight Board 30
23 Maintenance Cost of Sunlight Board 30
24 Other Cost of Sunlight Board 30
25 Refilling Cost of Sunlight Board 30
26 Cleaning Materials of Sunlight Board 31
27 Percentage of Ownership of the Partners 32
28 Salary of Employees of Sunlight Board 36
29 Benefits of Employees of Sunlight Board 36
30 Gantt Chart of Pre- Operating Activities of Sunlight Board 37

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 LIST OF FIGURES
Figures Title Page
1 Graphical Representation of the historical population

households in Sta. Cruz, Occidental Mindoro 7

2 Graphical Representation of the Projected Demand of

Sunlight Board in Sta. Cruz, Occidental Mindoro 10

3 Graphical Representation of the Projected Supply of Sunlight

Board in Sta. Cruz, Occidental Mindoro 11

4 Graphical Representation of Demand and Supply Analysis of

Sunlight Board in Sta. Cruz, Occidental Mindoro 12

5 Channel of Distribution of Sunlight Board in Sta. Cruz,

Occidental Mindoro 15
6 Service Process of Sunlight Board in Sta. Cruz, Occidental

Mindoro 18
7 Location of Sunlight Board in Sta. Cruz, Occidental Mindoro 24
8 Floor Plan Layout of Sunlight Board Sta. Cruz, Occidental

Mindoro 25
9 Organizational Structure of Sunlight Board in Sta. Cruz,

Occidental Mindoro 32

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 LIST OF EXHIBIT
Exhibit Title Page
1 Total Projected Cost of Sunlight Board in Sta. Cruz,

Occidental Mindoro 39
2 Projected Income Statement of Sunlight Board in Sta. Cruz,

Occidental Mindoro 43
2.1 Projected Income Statement of Sunlight Board in Sta. Cruz,

Occidental Mindoro 44
3 Statement of Cash Flow of Sunlight Board in Sta. Cruz,

Occidental Mindoro 45
3.1 Statement of Cash Flow of Sunlight Board in Sta. Cruz,

Occidental Mindoro 46
4 Statement of Financial Position of Sunlight Board in Sta.

Cruz, Occidental Mindoro 47

4.1 Statement of Financial Position of Sunlight Board in Sta.

Cruz, Occidental Mindoro 48

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 LIST OF APPENDICES
Appendix Title Page
A Partnership Agreement 54
B Lease Agreement 57
C Customer Payment Agreement 59
D Order Form 61
E Agreement Between Supplier and Purchaser 62
F Letter of Respondents 65
G Questionnaire 66
H Tally Sheet 67
I Computation of Target Market 71
J Computation of Projected Demand 72
K Computation in Depreciation of Machinery and Equipment 73
L Computation in Depreciation of Furniture and Fixture 74
M Phil Health Table 75
N Social Security System Table 76
O Solar Panel Packages 77
P Office Equipment, Furniture and Fixtures and Office 78

Supplies
Q Service Vehicle, Tools and Cleaning Materials 82

EXECUTIVE SUMMARY

SUNLIGHT BOARD is a business providing alternative source of electricity by

means of solar panel. The word sunlight board derived from the term solar panel which is

the word solar represents the sun and the panel is the board which converts the solar

energy to electricity.

The study was conducted to determine the feasibility and viability of establishing

a solar panel store in the Municipality of Sta. Cruz. The researchers conducted a survey to

382 respondents of Sta. Cruz, and 98% of them said that they are willing to avail our

service.

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 Sunlight Board will be establish at Poblacion 2, Sta. Cruz, Occidental Mindoro.

The target market of the business are the households and enterprises in the said area. The

service will be distributed through contract basis.

The business will be organized in the form of partnership which is composed of

six partners, one is the general partner and five partners are limited partners. The total

capital requirements of the proposed business is Php. 181,658.70 which will be divided

according to the percentage of ownership.

The proponents therefore conclude that the proposed business which is the

Sunlight board in Sta. Cruz is feasible, viable and profitable based on the study of

different various aspects of the feasibility study. It is also concluded that the proposed

business can gain stability upon the years of operation, because of good result of the

study.

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