Chapter I

INTRODUCTION

1.1 Project Background/Rationale

The proposed egGJAR Quail Egg Production is conducted in Tacurong City

and Brgy. Griño Tacurong City Sultan Kudarat. Quail Egg is commonly sold in

streets and usually used as an ingredient in some dishes.

The need for the project could be viewed from the effects it could generate

to enterprise citizens and to the researchers in particular, who are exploring viable

investment projects where they could channel their resources.

Quail egg compare to chicken and duck egg is easier to eat due to its size.

Many people are consuming quail egg as a part of their dish during breakfast,

lunch, and dinner and even during breaks and that makes Quail Farming feasible.

Quail egg is commonly prepared hard boiled. Other way of preparing it is by adding

it to some dishes like Adobo, Chopsuey and Pickles. Some are also using it in their

kwek-kwek business. It can also be scrambled and cooked the way you like it.

Quails can also be consumed. The meat is very potable as it is healthy low-fat

white meat. It can be prepared the way a person wants to. The waste of quail can

be used as organic fertilizer which is commonly used also in organic gardening.

The moderate start-up cost for raising quail is well worth it.

Talking about the needs, some people begun to enterprise and breed quails

in order to sell eggs. The concept of quail egg is guided by the commercial poultry

farming. The demand has direct relationship to the population.

1
 Quail egg production offers enough source of income that caters the needs

of the people.

In Tacurong, there are vendors of quail eggs but mostly are per pack. There

are some people who are eating cull quail and buy’s it outside the city. There are

some gardeners and even farmers who are using organic fertilizers. The supply of

quail egg is mostly coming outside the city. The increasing demand for quail egg

and meat and even organic fertilizer triggers the need of the establishment of a

business which focuses to this market.

1.2 Trading Name

The proposed project will be named “EGGJAR Quail Farm”. The small

letters “eg” in the name represents the business supplying small eggs specifically

quail eggs. The capital letters “GJAR” represents the initials of the name of the

owners; Geoffrey, Jefferson, Alejandro, Ruel. The name is unique and easy to

remember.

2
1.3 Objectives of the Study

The general objective of this study is to know whether the study is feasible

or not. Aside from that, the following are the specific objectives of this study:

 To study the benefit of establishing “EGGJAR” in Tacurong

 To determine supply of quail eggs needed in Tacurong

 To establish a quail egg business in Tacurong

 Determine the quail egg production project cost

 To know the net income for the whole operation

 To determine the profitability of the business

1.4 Project Location

The proposed business is based at Tacurong City and Brgy. Griño

Tacurong City. The respondents will be coming from Isulan, Koronadal, President

Quirino, Lambayong and other city and provinces near Tacurong City. The locale

of the business is beside public market. The quails will be placed at Purok Rosal

Brgy. Griño Tacurong City. There will be 80 square meters of space provided to

the place of quails and additional 48 square meters for the incubation.

3
1.5 Operational Definition of Terms

 Brgy. Griño - refers to the location of the business

 Culled Quail - are quails that are not suitable for laying thus, are culled and

sold.

 egGJAR Quail Farms - the proposed trade name of the business

 Quail Egg - is the main product of the business

 Organic Fertilizers - are the waste deposits of the Quails that may be sold

as fertilizers

4
 Chapter II
ORGANIZATIONAL AND MANAGEMENT ASPECT

2.1 Form of Business Organization

The business will be in the form of partnership. As to the terms and definition

of partnership, is a contract whereby two or persons bind themselves to contribute

money, property or industry to a common fund with the intention of dividing the

profits among themselves.

The egGJAR partnership shall have a capital investment to the partnership

on the date of formal establishing. The egGJAR partnership agreed to contribute

a capital investment and share the loss and profits equally.

The capital contribution of each partner is stated below:

Caasi, Jefferson 305,963.15

Domingo, Alejandro III 305,963.15

Guiang, Ruel Jr. 305,963.15

Lastimoso, Geoffrey Jr. 305,963.15

Total Project Cost 1,223,852.58

5
2.2 Organizational Structure

Figure 2.1 Organizational Structure

The owner will be compose the top management. Under the owners will be

the manager who oversees overall operations. Under the managers will be the

selling department, production department and the book keeper. Under the selling

department will be the cashier and dealer. Under production department, there will

be veterinarian, care taker and the driver. The driver will deliver the eggs and meat

to the selling department or directly to customers.

2.3 Personnel Requirements

The personnel of egGJAR Quail Farm should follow all the requirements for

job qualifications.

6
2.3.1 Job Descriptions and Qualifications

The duties and responsibilities and qualifications needed to be employed in

EGGJAR Quail egg and meat production.

Table 2.1 Job Descriptions

Position Job Description

 Managing and monitoring daily

Manager
operation

 Planning the use of materials and

human resources

 Managing personnel, purchasing or

administrative services

 Conducting overall counter checking

in the quail egg and meat production

 Assessing personnel by conducting

balanced scorecard to provide

efficiency and effectiveness of quail

egg and meat production.

 Responsible for collecting payment

Cashier
from customers

7
  Will be issuing receipts

 Providing market price of quail eggs

and meat

 Responsible for issuing cancelled

OR’s if possible to the management

Veterinarian  Conducting monthly check-ups,

identify illness and prescribe

treatments for the quails

 Responsible in recording accounts

Book Keeper
and transactions in the business

 The one who will be taking care in

Care Taker
facilitating necessities intended for

the Quails

 Responsible for buying foods for

quails and act as a utility.

Driver

8
  The one who is responsible in

transporting and delivering Quail

eggs and meat

 Transporting personnel in business

locations

 Responsible for contacting the

management in any repairs of

vehicle

 Responsible for advertising and

Dealer
selling Quail eggs and meat directly

to the customers

 Will be contacting customers if their

transaction is payable

 Will be issuing receipts and directly

report to the management their daily

sales transactions

9
Table 2.2 Job Qualifications

Position Qualification Standard

Cashier  College graduate

 Willing to work under pressure

 Skills and task oriented

 Honest and provide reasonable dignity in

work

 With highest degree of accuracy

 Willing to learn

Veterinarian  Graduate of Veterinary medicine

 Have knowledge in conducting check-ups

for Quails.

 Easily contacted if badly needed in terms

of any disease of Quails spreading to

provide the cause and threat them easily

 Skills and task oriented

Book Keeper  Graduate of accounting related course

10
  have a knowledge in accounting related

 If possible, have work experience

 20 years old and above

 Willing to learn

Care Taker  Having a background in facilitating the

quail farm

 Can easily understand instruction

 Have a good moral character

 At least 20 years old

 Willing to work under pressure

 Skills and task oriented

Driver  Have Driver’s license

 Honest

 Male

 At least 25 years old

 Active and easily contacted by the

management

 Knowledge in vehicle maintenance

 Skills and task oriented

11
 Dealer  At least high school graduate

 Background in selling and advertising

products

 Honest

 Skills and task oriented

 Willing to work under pressure

 Active and jolly

2.3.2 Hiring Process

The establishment will be committed to a systematic approach to

recruitment and selection in order to attract, select and appoint the best staff

through a fair and merit based process. It will be tailored to each individual role

however typical elements may include the following processes.

Public Notice

Hiring

Acceptance

Figure 2.2 Hiring of Personnel

12
2.3.2.1 HIRING FLOW CHART

The flowchart is all about the hiring process. There will be an announcement

of need for employees. There will be public notice about the need for applicants.

Next will be the hiring process where applicants need to undergo interview.

Selection process will trigger during the interview. Next will be the acceptance

process. This will take place a week after the interview. Announcement will be

given to those who will be selected. Orientation will take place a day after the

announcement of chosen applicants. In the orientation, there will be an information

to be given about certain jobs. After the orientation. The start of work follows.

2.3.3 Compensation

The salary structure of every employee of EGGJAR Quail egg and meat

production.

Table 2.3 Basic Salary Structure

COMPENSATION OF EMPLOYEE

EMPLOYEE

DAILY RATE MONTHLY RATE

Veterinarian (1) PhP. 3,000.00

13
 Cashiers (2) PhP. 300.00 PhP. 18,000.00

Care takers(2) PhP. 350.00 PhP. 21,000.00

Driver (1) PhP. 290.00 PhP. 8,700.00

Book Keeper (1) Php 3,000.00

Dealers (2) PhP. 300.00 PhP. 18,000.00

Source: DOLE XII

The compensation of the employee will be based on monthly basic salary.

The salary will be given at the 30th day of the month. The employees will have a

total of thirty days work per month.

2.3.4 Benefits

As to the benefit, insurances will be given to employees which covers SSS

and Phil Health. The employees is given at most 2 days of absent with acceptable

and reason. Sunday will be rest day. Holidays will be accounted as double pay if

personnel goes to work. Overtime will be given 25% mark-up the regular daily

wage.

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Table 2.4 Benefits

Employee Monthly SSS CONTRIBUTIONS PHILHEALTH CONTRIBUTIONS

Salary

Employee Employer’s Employ TOTAL Employer’s Employee’ TOTAL

Share ee’s Share s

Share Share

Veterinarian 3,000 221.00 109.00 330.00 100.00 100.00 200.00

Cashier 9,000 663.00 327.00 990.00 112.50 112.50 225.00

Caretaker 10,500 773.50 381.50 1,155 125.00 125.00 250.00

Driver 8,700 626.20 308.80 935.00 100.00 100.00 200.00

Bookkepper 9,000 663.00 327.00 990.00 112.50 112.50 225.00

Dealer 9,000 663.00 327.00 990.00 112.50 112.50 225.00

Table 2.5 Benefits

Employee Monthly PAG IBIG CONTRIBUTIONS

Salary

Employee Employer’s Share Employee’s TOTAL

Share

15
Veterinarian 3,000 60.00 60.00 120.00

Cashier 9,000 180.00 180.00 360.00

Caretaker 10,500 210.00 210.00 420.00

Driver 8,700 174.00 174.00 348.00

Bookkepper 9,000 180.00 180.00 360.00

Dealer 9,000 180.00 180.00 360.00

2.4 Project Time Table

Table 2.6 - Proposed Project Activities

Duration 1 2 3 4 5 6 7 8 9 10

( month)

Feasibility

preparation

Formation of

Partnership

Processing of

Legal

Requirements

Building

Construction

16
 Contacting of

Supplier

Acquisition of

equipment and

other material

Hiring of

employees

Promotion

Start of

operation

The preparation up to the start of operation of the business. Discussion about the

activities are as follows:

 Feasibility Formation – the researchers started to explore this kind of study

in establishing the viability of poultry farm business in Brgy. Griño Tacurong

City Sultan Kudarat.

 Formation of Partnership – the researchers form partnership from February

to March in connection to their study of putting EGGJAR Quail Egg and

Meat Production in Brgy. Griño Tacurong City Sultan Kudarat and Tacurong

City Public Market. The partners will prepare the articles and agreement for

the formation and registration of the partnership.

 Processing of Legal Requirements – the partners need to accomplish all the

legal requirements. These legal requirement will be secured from the

17
 licensing office by the means of getting and securing the needed supporting

documents from different agencies like Department of Labor and

Employment and Bureau of Internal Revenue.

 Building Construction – the partners will look for the vacant area/land for the

construction of building for convenient purposes. The building will be

properly constructed so that it will fit the operation of the business.

 Contacting of Suppliers – the partners will look for supplier of initial chicks

needed for the quail egg and meat business. After which, the business will

be the one to raise their quails. The contacting of supplier will start as soon

as the building is complete.

 Acquisition of Equipment and Other Materials – the partners will first

canvass equipment and other material in the market to be used during the

operation of the business. The partners will buy necessary equipment and

other materials to the chosen shop. It will be for canvassing and buying or

acquiring necessary tools to be used.

 Hiring of Employees – in hiring the employees, there will be hiring process

followed (see Table 2.3). There will be first public notice which the company

will advertise their business and ask for any applicants. Next hiring will be

done through interviews. Whoever passes the interview will be

automatically accepted. After which there will be an orientation in order to

make employees aware of their duty and lastly the start of work of the

employees.

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 Promotion – In promotion, the business will use media and others for

advertisement, specifically on the radio and fliers in order that the people in

the market will know the existing of the business.

 Start of Operation – it will adopt all the proper rules and regulation of the

business for the EGGJAR Quail Farm.

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 CHAPTER III
MARKETING ASPECT

3.1 Market Description

egGJAR quail egg farm is a business producing quail eggs, sells cull quails

and organic fertilizer coming from the waste of quails

Target market would be consumers coming from Tacurong City. Those

consumers who are coming from nearby places will also be served. No religious

basis is required. No age requirement is needed. And no gender identity is

required.

There is a need for the market to avail the product due to its availability and
easiness of preparation.

Table 3.1 Market Description

POPULATION OF TACURONG

2014 96,428

2015 98,328

2016 100,265

2017 102,240

Source : Population.City/Tacurong/

There is an annual increase in the population of Tacurong City of about

1.97%. If this will continue, the expected population of Tacurong City for the next

5 years will be as follows:

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Table 3.2 Market Description
POPULATION OF TACURONG

2018 104,254

2019 106,308

2020 108,402

2021 110,537

2022 112,715

3.2 Analysis of Demand and Supply

The supply and demand analysis will be showing about the supply analysis

and demand analysis of quail eggs, cull quails and organic fertilizer. This section

provides information about the historical demands and supply of quail eggs, cull

quails and organic fertilizer which will give sufficient data.

3.2.1 Analysis of Demand

This section will give information about the demand of quail eggs, cull quails

and organic fertilizer.

3.2.1.1 Historical Demand for Quail Egg cull quails and organic fertilizer

annually

Table 3.3: Historical Demand

Year Quail Egg Cull Quail Organic fertilizer

Demand per Demand per demand per

piece piece sack

2014 6,942,816 38,571 3,600

2015 7,079,616 39,328 3,600

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 2016 7,219,080 40,104 3,600

2017 7,361,280 40,896 3,600

The 3.3 shows the historical demand of quail eggs, cull quails and organic

fertilizer annually in Tacurong City Public Market. Each tacurongnon eats up to 6

pieces of quail’s eggs per month. 1 out of 10 tacurongnon eats 4 pieces of quail

meat annually and there is a demand of at not less than 300 sacks of organic

fertilizer per month.

3.2.1.2 Projected Demand for Quail Egg, cull quails and organic fertilizer

annually

Table 3.4: Projected demand

Year Quail eggs Cull Quails Organic

demand per demand per Fertilizer

piece piece demand per

sack

2018 7,506,288 41,700 3,600

2019 7,654,176 42,520 3,600

2020 7,804,944 43,360 3,600

2021 7,958,664 44,212 3,600

2022 8,115,480 45,084 3,600

22
 The table 3.4 shows the historical demand for Quail egg, cull quails and

organic fertilizer. Assumptions to the following are based on survey and regarded

as follows:

 Each tacurongnon eats up to 6 quail eggs per month

 1 out of 10 tacurongnon eats 4 quail meat annually

 Demand for organic fertilizer per month is 300 sacks

3.2.2 Analysis of Supply

This section will give information about the supply data of quail egg, cull

quails and organic fertilizer.

3.2.2.1 Historical Supply for Quail Egg, Cull Quails and Organic Fertilizer

Table 3.5: Historical Supply

Year Quail Egg Cull Quail Organic fertilizer

Supply per piece Supply per piece supply per sack

2014 3,948,622 12,000 1,800

2015 4,027,594 12,240 1,836

2016 4,108,146 12,484 1,872

2017 4,190,309 12,734 1,910

The table shows the historical supply o Quail egg, cull quails and organic

fertilizer. It presents the number for the past years by wholesalers from the

23
Tacurong Public Market. There is a significant increase in the annual supply of

2%.

3.2.2.2 Projected Supply for Quail Eggs Annually

Table 3.6: Supply of Quail Egg

Year Quail Egg Cull Quail Organic fertilizer

Supply per piece Supply per piece supply per sack

2018 4,274,115 12,988 1,948

2019 4,359,597 13,248 1,987

2020 4,446,789 13,513 2,027

2021 4,535,725 13,783 2,067

2022 4,626,439 14,059 2,108

The table shows the projected supply of Quail egg, cull quail and organic

fertilizer annually at Tacurong City Public. It present about the target amount to be

supplied annually by the egg wholesaler of Tacurong Public Market.

3.3 The Competitors

The main competitors of the business are the Quail Farm located in New

Isabela, Tacurong City, Kalawag I and II, Isulan Sultan Kudarat because they are

the nearest Quail egg supplier of Tacurong Public Market. Other Competitors are

from Koronadal City.

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Table 3.7 Competitors List
Competitors for quail eggs and cull quails

Teret Geron Farm – 550 Quails

(Brgy. New Isabela Tacurong City, S.K)

Toto Boy Farm – 750 Quails

(Pres. Quirino S.K)

3.4 Analyzing the Market Gap and Market Share

Table 3.8: Quail Egg Demand and Supply Analysis (per piece)
UNSERVED egGJAR
DEMAND SUPPLY
YEAR DEMAND QUAIL
(a) (b)
(c = a-b) SHARE

2018 7,506,288 4,274,115 3,232,173 2,585,738

2019 7,654,176 4,359,597 3,294,579 2,635,663

2020 7,804,944 4,446,789 3,358,155 2,686,524

2021 7,958,664 4,535,725 3,422,939 2,738,351

2022 8,115,480 4,626,439 3,489,041 2,791,232

The table 3.8 shows the projected demand, projected supply, unserved

demand for Quail egg (pieces) annually. The unserved demand is the deficient

supplies for eggs (pieces) annually in Public Market, Tacurong City. It only

indicates that there is larger demand of quail eggs. The unserved demand is the

25
target amount of egGJAR quail farm will supply to the egg wholesaler of Tacurong

City.

Table 3.9 Cull Quail Demand and Supply Analysis (per piece)
UNSERVED egGJAR
DEMAND SUPPLY
YEAR DEMAND QUAIL
(a) (b)
(c = a-b) SHARE

2018 41,700 12,988 28,712 0

2019 42,520 13,248 29,272 4,250

2020 43,360 13,513 29,847 4,500

2021 44,212 13,783 30,429 4,670

2022 45,084 14,059 31,025 4,758

The table 3.9 shows the projected demand, projected supply, unserved

demand for cull quail. The unserved demand is the deficient supplies for culled

quail (pieces) annually, in Tacurong City. The unserved demand is the target

amount of egGJAR quail farm will supply to the Quail wholesalers of Tacurong

City.

Table 3.10 Organic Fertilizer Demand and Supply Analysis (per sack)
UNSERVED egGJAR
DEMAND SUPPLY
YEAR DEMAND QUAIL
(a) (b)
(c = a-b) SHARE

2018 9,000 1,948 7,052 1,615

26
 2019 9,000 1,987 7,013 1,892

2020 9,000 2,027 6,973 2,140

2021 9,000 2,067 6,933 2,358

2022 9,000 2,108 6,982 2,547

The table 3.10 shows the projected demand, projected supply, unserved

demand for organic fertilizers (sacks) annually. The unserved demand is the

deficient supplies for organic fertilizers (sacks) annually in Tacurong City. The

unserved demand is the target amount of egGJAR quail farm will supply to the

organic fertilizer wholesalers of Tacurong City.

3.5 SWOT/TOWS Analysis

For practical assessment of the business a SWOT analysis is done.

Strengths

1. Good accessibility to the public

2. Quails can be farmed easily in just small area you can breed a

thousands of quails and the cost of input materials is lower than the other

poultry product.

3. Low expense in manpower/personnel.

4. Cheaper price

5. Fast production

27
Weaknesses

1. Quails mortality rate is higher than the other poultries

2. High start-up cost

3. Lack of experience of personnel’s

4. No parking space

5. Lack of facilities

Opportunities

1. Government programs in Agri-industry incentives to increase the

livestock and poultry production have a positive effect to the business.

2. Players in the market are few in number.

Threats

1. Peace and order

2. The increase number of competitors

3. Competitors wider experience

4. Uncontrollable weather condition

5. Disease of bird

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3.6 The Marketing Mix (The 4P’s) (meat & fertilizer)

3.6.1 Product

Quail Egg is the main product of the business egGJAR Quail Farm will serve

the freshest and hygienic eggs to its customers so that they will patronize the

business too. Unproductive Quails will be processed in the production of Cull quail

also and sold to potential buyers as additional income of the business.

3.6.2 Price

Table 3.11 Price of Quail Eggs (pieces)

Quail Eggs Price (pieces)

1 pcs. Of Quail Eggs uncooked Php. 1.20

1 piece of Cull Quail Php. 10.00

1 Kilo of Organic fertilizer Php. 12.00

The price is based on the current price in the market.

3.6.3 Place

The location of the project is in Brgy. Griño, Tacurong City, Sultan Kudarat.

Since the main target of the business are the wholesalers at Tacurong Public

Market, it will be an advantage for the business because base on survey

conducted, it was found out that the supply of Quail Eggs is shortage.

29
3.6.4 Promotion

The egGJAR Quail Farm will use flyers and radio advertisements. The

business will also use a signage to be displayed along the highway to inform

general public of the location of the project. Quail eggs are being examined to

assure that it will provide good services like supplying quickly a fresh and hygienic

Quail eggs to the market.

30
 CHAPTER IV
TECHNICAL ASPECT

4.1 Business Location

The proposed business is based at Tacurong City and Brgy. Griño

Tacurong City. The respondents will be coming from Isulan, Koronadal, President

Quirino, Lambayong and other city and provinces near Tacurong City. The locale

of the business is beside public market. The quails will be placed at Purok Rosal

Brgy Griño Tacurong City. There will be an 80-square meter space provided to the

place of quails and additional 48 square meters for the incubation.

4.1.1 Mode of acquisition

The proponents decided that the land will be paid in full and the construction

of building will follow. The material for the building and furniture’s needed will be

purchased from Tacurong City, Sultan Kudarat. The workers for the building and

cage constructions will be coming from Brgy. Griño, Tacurong City.

As to the quails, it will be ordered from specific sellers coming from Bulacan.

All materials needed will be purchase on cash basis.

31
4.1.2 Sketch Plan/Layout

Site Location

Proposed Building

32
Proposed Floor Plan – Top View

4.2 Description of Product or Services

EGGJAR Quail Farm is a business having three products namely quail

eggs, cull quail and organic fertilizer coming from quail waste.

Quail Egg is the main product of the business EGGJAR Quail Farm will

serve the freshest and hygienic eggs to its customers so that they will patronize

the business too. Unproductive quails will be culled and will be displayed in public

places and will be sold per piece to potential buyers as additional income of the

business. The waste of these quails are then sold per sack as an organic fertilizer.

To produce good and quality quail egg. It will depend upon how to care and

handle it. In terms of feeding, it must be 4 times a day. 6 am, 10am, 3pm and 7 pm

33
every day. In every feeding, it must be more or less 15 kg per 5000 quails

approximately to avoid the overweight of the quails and produces good size of

eggs according to the desired size. For the vitamins it will be mixed to the water

and the vaccination will be quarterly if it is needed.

4.2.1 Sources of the Product or Service

The business will be ordering the potential quail layers in Bulacan. These

quails will be kept in a cage. The produced eggs will eventually be disposed to the

market and be sold. Selling culled quail will be established if quails are considered

unproductive. Fertilizers will be coming from the waste of quails.

4.2.2 Analyzing the Product Life Cycle

These are to be treated as main products produced by the Quails in the said

business. Quail eggs are on the size of 1.5 to 2 inches in vertical circumference,

weighing 9 grams. Calories in egg is in 14 measure while fat is 1 gram and protein

at 1 gram also. Quail Eggs are known to have this small size thus making it suitable

for any recipe that may require artsy type of menu and delicate class of customers.

Quail eggs have a maximum shelf life of two weeks until it will be disposed.

Cull quail is a sweet and delicate white game meat with extremely low skin

fat and low cholesterol value. Cull quail is rich in micronutrients and a wide range

of vitamins including the B complex, folate and vitamin E and K. It is therefore

recommended for people with high cholesterol levels and those who want to

maintain a low level of cholesterol. As long as the unproductive quails are alive,

cull quail can still be potentially available.

34
 Organic fertilizer is available as long as there is a supply of it. Production of

organic fertilizer will be in a fast pace since the quails are giving waste frequently.

4.2.2.1 Introduction and Launch

The EGGJAR Quail Farm will use flyers and radio advertisements. The

business will also use a signage to be displayed along the highway to inform

general public of the location of the project. Quail eggs are being examined to

assure that it will provide good services like supplying quickly a fresh and hygienic

Quail eggs to the market.

4.2.2.2 Growth and Maturity Exploitation

Chicks should remain in the incubator until dry and fluffed out, several hours

to 24 hours. They can then be placed in a homemade brooder. As a brooder a

cardboard box is the best that can be had, for it is new and sanitary. Some small

holes are cut on one end for ventilation. A 50-75 watt light bulb is suspended 8-10

cm above the floor, toward one end of the box. The floor is covered with absorbent

material such as newspaper, and a roughened surface such as wire screen.

Chicks need water from the beginning, but watering containers pose a

threat because chicks are easily caught and drowned. A small (no more than 1

liter) reversed jar watering container can be modified by filling the trough with clean

marbles or pebbles to reduce the depth of the water. Such containers should be

kept clean.

Once a brooder is established very little attention is necessary, except to

replenish food and water twice daily. In a small box-type brooder no change of

35
temperature is necessary because the chicks will seek the area where they are

comfortable. A few chicks will probably die during the first few days of brooding. If

deaths continue, Terramycin antibiotic can be added to the watering system for 3-

5 days following manufacturer's instructions.

After 3 or 4 weeks the chicks can be moved to the brooder cage of the

system described later. Their care will be essentially the same as that of adult

birds, except that they will receive extra light for 2-4 weeks longer.

Chicks can be sexed by 6 weeks of age. The males have a breast much

lighter and with less dark streaks than that of the females. When chicks are moved

out of the brooder cage, extra males can be killed for eating.

After the several years of operation, the owner will exploit its profit earned

as well as it is establish rapport with the establish rapport with its customer by

pursuing a plan to producing and selling quails, quail eggs and organic fertilizer.

4.2.2.3 Decline and Death

As long as there are production of quail eggs, the operation will take place.

The only problem is the demand failure and the sudden weather change that could

affect the production and supply of the business. However, with proper disposal of

supply and complete vaccination of the quails, the business will be able to survive

and cope the changing environment.

36
4.3 The Channel of Distribution

The EGGJAR Quail Farms will outsource its products on its own stall in the

Tacurong Public Market. There will also be stalls to be established in public

terminals and other public places where presence of people are often present.

Some of its supply will be distributed to small scale vendors who are often seen in

the streets.

4.4 Standard Operating Procedure (SOP)

EGGJAR Quail Farm will operate from Monday to Saturdays. Each day will

be open for costumers at 8 o’clock in the morning and closes at 6 o’clock in the

afternoon. The employee must be prepared before the establishment opens. The

delivery van is expected to supply quail egg based on customer’s order. Billing and

37
other transactions will be handled by dealers and cashier. And for those customers

who would like to buy quail meat and organic fertilizer will also be handled by the

dealers. And the quail farm will be handled by care takers in facilitating necessities

intended for the quails for delivery in the market establishment.

4.5 Mode of Acceptable Payment

The mode of payment will be through cash. The business is engaging a

business which is having a regular expense. This simply means that the company

needs money in order maintain the flow of the business.

4.6 Production/Service Schedule

The quails has an estimated mortality rate of 12% (1% per month. Simply

stated, in every one thousand quails to be nurtured, 88% or 880 quails will live and

be utilized for egg production. The 12% will be accounted as cost of the business

enterprise.

The 880 quails which survived has an estimated egg production of 70%.

Simply put, 70% of 880 surviving quails is 560 quails. These 560 quails are capable

of producing egg.

4.7 Production/Service Process

The processes involved in the manufacturing the eggs begins with the

breeding, feeding, proper housing and handling of the quails until the quails are

ready to lay eggs. The breeding the quails, several stages are involved; selection

of stocks, sex ratio and mating system, management of replacement breeder

38
stocks, proper care and handling of hatching eggs, incubation and hatchery

management, candling and fertility determination, handling of ducklings, hatchery

waste disposal and utilization and culling.

4.8 Quality Control

There is no known morbid disease of quails. While they suffer from some

respiratory disorders, these do not spread fast and the mortality rate is very low.

Hence, it is not difficult to maintain the health of birds. Regular cleaning and

disinfection program, however, should be followed Cages and broiler boxes

including the incubator and hatchery trays can be cleaned with pressurized water

then dried under the sun, spraying with disinfectant follows. Vitamin premix can

also be added to the feeds or the drinking water to promote growth and improve

the laying performance.

4.9 List and Price of Equipment and Facilities

Land and Building Quantity Cost Total Cost

Land 1 112,500.00 112,500.00
Building 1 380,627.28 380,627.28
Total 18,740.00 493,127.28

Equipment Quantity Cost Total Cost

Incubator 1 31,250.00 31,250.00
Office Computer 2 11,000.00 22,000.00
Radio 4 300.00 1,200.00
Printer 1 11,000.00 11,000.00
Transportation Vehicle 1 120,000.00 120,000.00
Air conditioner 1 18,000.00 18,000.00
Total 203,450.00

39
Furnitures & Fixtures Quantity Cost Total Cost
Office Seat - Plastic Chairs 4 200.00 800.00
Office Seat - Office Chairs 4 670.00 2,680.00
Office Desk 4 1,500.00 6,000.00
Cabinet 1 3,000.00 3,000.00
Whiteboard 1 1,000.00 1,000.00
Total 13,480.00

Supplies Quantity Cost Total Cost

Ball pen 36 3.00 108.00
Recording Book 2 24.00 48.00
Feel-tip pen 3 50.00 150.00
Ink - Feel-tip pen 2 72.00 144.00
Ink – Printer 8 140.00 1,120.00
Folders 12 5.00 60.00
Wheel Borrow 2 250.00 500.00
Basket 8 140.00 1,120.00
Calculator 4 565.00 2,260.00
Extension Wire 2 100.00 200.00
Shovel 3 140.00 420.00
Bond paper 3 110.00 330.00
Wallclock 1 50.00 50.00
Hose 2 200.00 400.00
Dust Pan 2 30.00 60.00
Brooms 5 40.00 200.00
Official Receipts 20 50.00 1,000.00
Stapler 2 35.00 70.00
Staple 5 10.00 50.00
Supplement 12 1,000.00 12,000.00
Vaccine 12 800.00 9,600.00
Cellophane 22 5.00 110.00
Total Supplies 30,000.00

40
 Chapter V
Financial Aspect and Analysis

5.1 Project Cost

Projected Cost
EGGJAR Quail Farm
Projected Cost

Particulars
Assets
Land 112,500.00
Equipment 18,740.00
Building 700,000.00
Furniture and Fixtures 1,796.00
Biological
Assets 175,000.00
TOTAL
ASSETS 1,008,036.00
Pre-Operating Expenses
Employee
Benefit 44,660.00
Legal Requirements 5,650.00
Advertising
Cost 7,567.89
TOTAL Pre-Operating
Expense 57,877.89
Administrative Expenses
Rent Expense 40,000.00
Office Supply 30,000.00
Prepaid Salaries and Wages 29,660.00
Total Administrative
Expense 99,660.00
TOTAL WORKING CAPITAL 1,165,573.89
Contingency Fund (5%) 58,278.69

TOTAL PROJECT COST 1,223,852.58

41
5.2 Source of Initial Investment

The partners will be providing all necessary expenses. The total project cost

is Php 1,223,852.58. The total project cost will be divided equally among

partners. Each partner will invest Php 305,963.15. Profit and loss will be divided

equally among partners.

5.3 Business Assumption

1. All investments will come from the partner’s personal properties.

2. Sales in quail egg increase 2% annually; sales in culled quail increase

2% annually; sales in organic fertilizer increase 2% annually.

3. Salary remain constant. 13th month pay is equal to regular monthly

salary.

4. Electrical expense increase 2% annually.

5. Withdrawal is 10% of total Net Income.

6. All depreciable items will be depreciated using straight line method.

7. Delivery truck has Php 20,000.00 salvage value.

8. The expected contingency cost is 5% of the total working capital.

9. Gain and Losses incurred will be divided equally among partners.

10. Cull quails are 80 % of initial quails annually.

11. Building are depreciated using straight line method.

12. Supplies Expense increase 5% annually.

42
13. Repairs and Maintenance remain constant.

14. 1% of total inventory for quail eggs will be damage and not be available

for sale

15. 10,000 new quails will be hatched by the business to be used for the next

accounting period

16. Production of quail eggs decrease 5% every month; production for

organic fertilizer decrease 2% every month.

43
5.4 Forecasted Financial Statement

5.4.1 Income Statement

EGGJAR QUAIL FARM

Statement of Financial Performance
Five-Year Projection
Year 1 Year 2 Year 3 Year 4 Year 5
Gross Sales 3,895,485.60 4,013,743.60 4,094,042.40 4,175,623.20 4,259,111.52
Less: Cost of Sales 889,000.00 1,159,000.00 1,159,000.00 1,159,000.00 1,159,000.00

Gross Income 3,006,485.60 2,854,743.60 2,935,042.40 3,016,623.20 3,100,111.52

Less: Selling and Administrative

Expenses 1,071,586.00 1,074,166.00 1,076,842.60 1,079,619.98 1,082,502.52
Income Before Tax 1,934,899.60 1,780,577.60 1,858,199.80 1,937,003.22 2,017,609.00

Less: Income Tax (30%) 580,469.88 534,173.28 557,459.94 581,100.97 605,282.70

Net Income 1,354,429.72 1,246,404.32 1,300,739.86 1,355,902.25 1,412,326.30

44
5.4.2 Statement of Financial Position
EGGJAR QUAIL FARM
Statement of Financial Position
Five-Year Projection

Assets Year 1 Year 2 Year 3 Year 4 Year 5

Current Assets

Cash 1,527,500.52 2,390,746.27 3,455,358.63 4,653,314.08 5,987,016.69

Biological Assets 175,000.00 175,000.00 175,000.00 175,000.00 175,000.00

Inventory 339,914.69 600,672.23 778,548.40 873,082.01 883,190.80

Total Current Assets 2,042,415.21 3,166,418.50 4,408,907.03 5,701,396.09 7,045,207.49
Non Current Assets
Property, Plant, and Equipment,
net 980,894.00 932,358.00 883,822.00 835,286.00 786,750.00

TOTAL ASSETS 3,023,309.21 4,098,776.50 5,292,729.03 6,536,682.09 7,831,957.49

Liabilities and Equity

Liabilities
Current Liabilities

Income Tax Payable 580,469.88 534,173.28 557,459.94 581,100.97 605,282.70

Owners' Equity 2,442,839.33 3,564,603.22 4,735,269.09 5,955,581.12 7,226,674.79

TOTAL LIABILITY & OWNERS EQUITY 3,023,309.21 4,098,776.50 5,292,729.03 6,536,682.09 7,831,957.49

45
5.4.3 Statement of Cash Flow
EGGJAR QUAIL FARM
STATEMENT OF CASHFLOW
FIVE-YEAR PROJECTION
Year 1 Year 2 Year 3 Year 4 Year 5
CASH FLOW FROM OPERATING ACTIVITIES

Net Income 1,354,429.72 1,246,404.32 1,300,739.86 1,355,902.25 1,412,326.30

Adjustments/Reconciling Items

Depreciation Expense 48,536.00 48,536.00 48,536.00 48,536.00 48,536.00

(Increase)/Decrease in Inventory (339,914.69) (260,757.54) (177,876.17) (94,533.61) (10,108.79)

Increase/(Decrease) in Income Tax Payable 580,469.88 (46,296.60) 23,286.66 23,641.03 24,181.73

NET CASH FLOW FROM OPERATING ACTIVITIES 1,643,520.91 987,886.18 1,194,686.35 1,333,545.67 1,474,935.24

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Biological Asset (175,000.00)

Purchase of Property and Equipment (1,029,430.00) - - - -

NET CASH FLOW FROM INVESTING ACTIVITIES (1,204,430.00)

CASH FLOW FROM FINANCING ACTIVITIES

Capital Investment of Owner 1,223,852.58 - - - -

Capital Withdrawal (135,442.97) (124,640.43) (130,073.99) (135,590.23) (141,232.63)

46
NET CASH FLOW FROM INVESTING ACTIVITIES 1,088,409.61 (124,640.43) (130,073.99) (135,590.23) (141,232.63)

NET CASH FLOW 1,527,500.52 863,245.74 1,064,612.37 1,197,955.45 1,333,702.61

Add: Cash balance, Beginning - 1,527,500.52 2,390,746.27 3,455,358.63 4,653,314.08

Cash balance, Ending 1,527,500.52 2,390,746.27 3,455,358.63 4,653,314.08 5,987,016.69

47
5.4.4 Statement of Changes in Equity
EGGJAR QUAIL FARM
STATEMENT OF CHANGES IN EQUITY
FIVE-YEAR PROJECTION

PARTNERS PARTNER 1 PARTNER 2 PARTNER 3 PARTNER 4 TOTAL

Year 1
Partner's Equity Beginning 305,963.00 305,963.00 305,963.00 305,963.00 1,223,852.58
Add: Share in Net Income 338,607.00 338,607.00 338,607.00 338,607.00 1,354,429.72
Less: Drawings (10%) 33,860.74 33,860.74 33,860.74 33,860.74 135,442.97
Partner's Equity Ending 610,709.26 610,709.26 610,709.26 610,709.26 2,442,839.33

Year 2
Partner's Equity, Beginning 610,709.83 610,709.83 610,709.83 610,709.83 2,442,839.33
Add: Share in Net Income 311,601.00 311,601.00 311,601.00 311,601.00 1,246,404.32
Less: Drawings (10%) 31,160.00 31,160.00 31,160.00 31,160.00 124,640.43
Partner's Equity Ending 891,150.83 891,150.83 891,150.83 891,150.83 3,564,603.22

48
Year 3
Partner's Equity, Beginning 891,150.81 891,150.81 891,150.81 891,150.81 3,564,603.22
Add: Share in Net Income 325,184.00 325,184.00 325,184.00 325,184.00 1,300,739.86
Less: Drawings (10%) 32,518.00 32,518.00 32,518.00 32,518.00 130,073.99
Partner's Equity, Ending 1,183,816.81 1,183,816.81 1,183,816.81 1,183,816.81 4,735,269.09

Year 4
Partner's Equity, Beginning 1,183,817.27 1,183,817.27 1,183,817.27 1,183,817.27 4,735,269.09
Add: Share in Net Income 338,975.00 338,975.00 338,975.00 338,975.00 1,355,902.25
Less: Drawings (10%) 33,897.00 33,897.00 33,897.00 33,897.00 135,590.23
Partner's Equity, Ending 1,488,895.27 1,488,895.27 1,488,895.27 1,488,895.27 5,955,581.12

Year 5
Partner's Equity, Beginning 1,488,895.28 1,488,895.28 1,488,895.28 1,488,895.28 5,955,581.12
Add: Share in Net Income 353,081.00 353,081.00 353,081.00 353,081.00 1,412,326.30
Less: Drawings (10%) 35,308.00 35,308.00 35,308.00 35,308.00 141,232.63
Partner's Equity, Ending 1,806,668.28 1,806,668.28 1,806,668.28 1,806,668.28 7,226,674.79

49
 5.5 Financial Statement Analysis

5.5.1 Current Ratio

Current
Working Capital Current Asset Liabilities Current Ratio

Year 1 2,042,415.21 580,469.88 4

Year 2 3,166,418.50 534,173.28 6

Year 3 4,408,907.03 557,459.94 8

Year 4 5,701,396.09 581,100.97 10

Year 5 7,045,207.49 605,282.70 12

Current ratio is a financial metric which represents operating liquidity

available to a business. The formula to solve working capital is current assets over

current liability. egGJAR Quail Farm has current ratio of 4 assets every liability in

year 1; 6 assets every liability in year 2; 8 assets every liability in year 3; 10 assets

every liability in year 4; 12 assets every liability in year 5. This indicates that the

business is having a big probability of paying its liabilities.

5.5.2 Net Profit Margin

Net Profit
Net Income Gross Income Margin
Year 1 1,354,429.72 3,006,485.60 45%
Year 2 1,246,404.32 2,854,743.60 44%
Year 3 1,300,739.86 2,935,042.40 44%
Year 4 1,355,902.25 3,016,623.20 45%
Year 5 1,412,326.30 3,100,111.52 46%

Net profit margin is the percentage of revenue left after all expenses have

been deducted from sales. For the first year, net profit margin of egGJAR Quail

50
Farm are 45 percent, 44 percent in year 2, 44 percent during year 3, 45 percent

during year 4, 46 percent respectively through the years of operation.

5.5.3 Return of Investment

Return of
Investment Investment Net Cash Flow ROI

Year 1 1,223,852.58 1,527,500.52 125%

Year 2 1,223,852.58 2,390,746.27 195%

Year 3 1,223,852.58 3,455,358.63 282%

Year 4 1,223,852.58 4,653,314.08 380%

Year 5 1,223,852.58 5,987,016.69 489%

Return of investment is a performance measure, used to evaluate the

efficiency of an investment or compare the efficiency of a number of different

investment. Year 1 has an ROI of 125%; 195% on year 2; 282% on year 3; 380%

on year 4; and 489% on year 5.

5.5.4 Payback Period

Payback Period

Year 1 1,223,852.58 1,527,500.52 1.00

Payback period is the length of time required to recover the cost of

investment. EGGJAR Quail Farm will have a payback period in less than a year.

51
 CHAPTER VI
SOCIO ECONOMIC ASPECT AND ENVIRONMENTAL ASPECT

6.1. Socio-Economic Aspect

In putting up a business, a lot of concern must be taken into consideration

like the benefits to the community and its contributions to the economic progress

of the said vicinity. The proposed business egGJAR QUAIL FARM that is to be

establish in Brgy. Bougainvillea, Griño, Tacurong City, Sultan Kudarat. Will be

expected to contribute in the community and the economy in terms of creating

income and job opportunities for the people. It will increase the government tax

collections that can be used for the ongoing projects by the government by paying

taxes.

6.2 Environmental Aspect

The proposed business will have a great contribution to the health and

environment because of the high nutritional benefits of its products. It will help the

ability to improve vision, boost energy levels, stimulate growth and repair, improve

metabolism, reduce blood pressure, soothe allergies, cleanse the body, and

prevent chronic diseases. It will also reduce the uses of synthetic fertilizers that

can cause of harm to the human body.

52
 CHAPTER VII
SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATION

7.1 Summary of Findings

Organization and Management Aspect

The business will be in the form of partnership. Profit and loss will be divided

to partners equally. egGJAR Quail Farm will be operated and managed by the

partners namely: Geoffrey Lastimoso Jr, Jefferson Caasi, Alejandro Domingo III,

and Ruel Guiang Jr.

The partners will be the one to provide all necessary funds that will be used

for the operation. Training and seminars will be provided to enhance the

knowledge and skills of partners.

The partners have agreed to share the expense, profit and loss equally.

Marketing Aspect

egGJAR Quail Farm is a business producing quail eggs, sells cull quails

and organic fertilizer coming from the waste of quails. Target market would be

consumers coming from Tacurong city. Those consumers who are coming from

nearby places will also be served.

53
Technical Aspect

egGJAR Quail Farm is a business having three products namely quail eggs,

cull quail and organic fertilizer coming from quail waste.

Quail Egg is the main product of the business egGJAR Quail Farm will serve

the freshest and hygienic eggs to its customers so that they will patronize the

business too. Unproductive quails, quails who are aged one year and above, will

be culled and will be displayed in public places and will be sold per piece to

potential buyers as additional income of the business. The waste of these quails

are then sold per sack as an organic fertilizer.

Financial Aspect and Financial Analysis

The project cost of egGJAR Quail Farm is Php. 1,223,852.58. The partners

will contribute Php 305, 963.15 each.

The financial statement shows that the proposed business is viable and

expected to generate a return based on the return of investment and payback

period.

Payback period is the length of time required to recover the cost of

investment. EGGJAR Quail Farm will have a payback period in less than a year.

54
Socio-Economic and Environmental Aspect

In putting up a business, a lot of concern must be taken into consideration

like the benefits to the community and its contributions to the economic progress

of the said vicinity. The proposed business egGJAR Quail Farm that is to be

establish in Brgy. Bougainvillea, Griño, Tacurong City, Sultan Kudarat. Will be

expected to contribute in the community and the economy in terms of creating

income and job opportunities for the people. It will increase the government tax

collections that can be used for the ongoing projects by the government by paying

taxes.

The proposed business will have a great contribution to the health and

environment because of the high nutritional benefits of its products. It will help the

ability to improve vision, boost energy levels, stimulate growth and repair, improve

metabolism, reduce blood pressure, soothe allergies, cleanse the body, and

prevent chronic diseases. It will also reduce the uses of synthetic fertilizers that

can cause of harm to the human body.

7.2 Conclusion

Based on the finding as supported by the financial projection, the proposed

business is feasible in terms of financial aspects, technical aspects and generation

on return of investment. Its price strategy are also concentrated on its targeted

customers and it will gain profit since the business provide quality of quail eggs,

55
quail meat and organic fertilizer. The business will also utilize marketing strategies

that will help the business more profitable

7.3 Recommendation

As a result of the study, it is highly recommended that the veterinarian

should always conduct check-ups twice a month since the business is dependent

on the number of quails and its production of quail eggs in a year. It is also

recommended that the business should improve its logo in order for the business

to attract more customers and pioneers. Improvement of the workplace is also

recommended. Having tables and chairs outside the office as a waiting area and

providing parking place for the customer will enable them to patronize the service

that the business provides. Improvement of security measures is also

recommended.

56
 BIBLIOGRAPHY

BOOKS

Valix, C.T., J.F. Peralta and C.A.M. Valix, 2012 Revised Edition Volume I of Financial

Accounting. GIC Enterprises and Co., Inc. 2017 CM Recto, Manila, Philippines

Valix, C.T. and C.A.M. Valix, 2013 Revised Edition Volume III of Financial

Accounting. GIC Enterprises and Co., Inc. 2017 CM Recto, Manila, Philippines

Roque, R. S. Reviewer in Management Advisory Services, 2014 Edition GIC Enterprises

and Co., Inc. CM Recto, Manila, Philippines

Agamata, F. T., Management Services, 2014 Edition CERTS Publication, 3F Gutierrez

Bldg., J.P. Laurel Ave., Davao City

Smith, I. R., E. B. Torres and E. O. Tan, Philippine Tilapia Economics, Philippine

Council for Agriculture and Resources Research and Development, Los Banos,

Laguna, Philippines and theInternational Center for Living Aquatic Resources

Management, MC P.O. Box 1501, Makati, Metro Manila, Philippines-

Nandlal, S. and T. Pickering Tilapia Hatchery Operation 2004. Tilapia fish farming in

Pacific Island countries. Volume 1.Tilapia hatchery operation. Noumea, New

Caledonia: Secretariat of the Pacific Community

57
WEBSITES

http://www.fao.org/docrep/003/x6943e/x6943e06.htm
http://www.nfftrc@mozcom.com
http://www.bfar.da.gov.ph
http://www.thefishsite.com/articles/2023/hatchery-management-and-tilapia-fingerling-
production/#sthash.EUr7bwsO.dpuf
http://www.olx.com

58
 APPENDICES
SCHEDULE OF FORECASTING

Sales

Sales (in units) Year 1 Year 2 Year 3 Year 4 Year 5

Quail Egg Piece 2,585,738 2,637,453 2,690,202 2,744,006 2,798,886
Cull Quail Piece 0 4,000 4,080 4,162 4,245
Organic Fertilizer Sack 1,321 1,348 1,375 1,402 1,430

Unit Price
Quail Egg Piece 1.20 1.20 1.20 1.20 1.20
Cull Quail Piece 10.00 10.00 10.00 10.00 10.00
Organic Fertilizer Sack 600.00 600.00 600.00 600.00 600.00

Sales (in Php)

Quail Egg 3,102,885.60 3,164,943.60 3,228,242.40 3,292,807.20 3,358,663.20
Cull Quail - 40,000.00 40,800.00 41,616.00 42,448.32
Organic Fertilizer 792,600.00 808,800.00 825,000.00 841,200.00 858,000.00

Total Sales 3,895,485.60 4,013,743.60 4,094,042.40 4,175,623.20 4,259,111.52

59
Cost of Sales Year 1 Year 2 Year 3 Year 4 Year 5
Direct Labor 169,000.00 169,000.00 169,000.00 169,000.00 169,000.00
Overhead Cost
Indirect Materials 0.00 270,000.00 270,000.00 270,000.00 270,000.00
Feeds Expense 720,000.00 720,000.00 720,000.00 720,000.00 720,000.00

Total Cost of Sales 889,000.00 1,159,000.00 1,159,000.00 1,159,000.00 1,159,000.00

60
EGGJAR QUAIL FARM
Statement of Financial Performance
Five-Year Projection
Year 1 Year 2 Year 3 Year 4 Year 5
Gross Sales 3,895,485.60 4,013,743.60 4,094,042.40 4,175,623.20 4,259,111.52
Less: Cost of Sales 889,000.00 1,159,000.00 1,159,000.00 1,159,000.00 1,159,000.00

Gross Income 3,006,485.60 2,854,743.60 2,935,042.40 3,016,623.20 3,100,111.52

Less: Selling and Administrative

Expenses 1,071,586.00 1,074,166.00 1,076,842.60 1,079,619.98 1,082,502.52
Income Before Tax 1,934,899.60 1,780,577.60 1,858,199.80 1,937,003.22 2,017,609.00

Less: Income Tax (30%) 580,469.88 534,173.28 557,459.94 581,100.97 605,282.70

Net Income 1,354,429.72 1,246,404.32 1,300,739.86 1,355,902.25 1,412,326.30

61
EGGJAR QUAIL FARM
Statement of Financial Position
Five-Year Projection

Assets Year 1 Year 2 Year 3 Year 4 Year 5

Current Assets

Cash 1,527,500.52 2,390,746.27 3,455,358.63 4,653,314.08 5,987,016.69

Biological Assets 175,000.00 175,000.00 175,000.00 175,000.00 175,000.00

Inventory 339,914.69 600,672.23 778,548.40 873,082.01 883,190.80

Total Current Assets 2,042,415.21 3,166,418.50 4,408,907.03 5,701,396.09 7,045,207.49

Non Current Assets

Property, Plant, and Equipment,
net 980,894.00 932,358.00 883,822.00 835,286.00 786,750.00

TOTAL ASSETS 3,023,309.21 4,098,776.50 5,292,729.03 6,536,682.09 7,831,957.49

Liabilities and Equity

Liabilities
Current Liabilities

Income Tax Payable 580,469.88 534,173.28 557,459.94 581,100.97 605,282.70

Owners' Equity 2,442,839.33 3,564,603.22 4,735,269.09 5,955,581.12 7,226,674.79

TOTAL LIABILITY & OWNERS EQUITY 3,023,309.21 4,098,776.50 5,292,729.03 6,536,682.09 7,831,957.49

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EGGJAR QUAIL FARM
STATEMENT OF CASHFLOW
FIVE-YEAR PROJECTION
Year 1 Year 2 Year 3 Year 4 Year 5
CASH FLOW FROM OPERATING ACTIVITIES

Net Income 1,354,429.72 1,246,404.32 1,300,739.86 1,355,902.25 1,412,326.30

Adjustments/Reconciling Items

Depreciation Expense 48,536.00 48,536.00 48,536.00 48,536.00 48,536.00

(Increase)/Decrease in Inventory (339,914.69) (260,757.54) (177,876.17) (94,533.61) (10,108.79)

Increase/(Decrease) in Income Tax Payable 580,469.88 (46,296.60) 23,286.66 23,641.03 24,181.73

NET CASH FLOW FROM OPERATING ACTIVITIES 1,643,520.91 987,886.18 1,194,686.35 1,333,545.67 1,474,935.24

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Biological Asset (175,000.00)

Purchase of Property and Equipment (1,029,430.00) - - - -

NET CASH FLOW FROM INVESTING ACTIVITIES (1,204,430.00)

CASH FLOW FROM FINANCING ACTIVITIES

Capital Investment of Owner 1,223,852.58 - - - -

Capital Withdrawal (135,442.97) (124,640.43) (130,073.99) (135,590.23) (141,232.63)

NET CASH FLOW FROM INVESTING ACTIVITIES 1,088,409.61 (124,640.43) (130,073.99) (135,590.23) (141,232.63)

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NET CASH FLOW 1,527,500.52 863,245.74 1,064,612.37 1,197,955.45 1,333,702.61

Add: Cash balance, Beginning - 1,527,500.52 2,390,746.27 3,455,358.63 4,653,314.08

Cash balance, Ending 1,527,500.52 2,390,746.27 3,455,358.63 4,653,314.08 5,987,016.69

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EGGJAR QUAIL FARM
STATEMENT OF CHANGES IN EQUITY
FIVE-YEAR PROJECTION

PARTNERS PARTNER 1 PARTNER 2 PARTNER 3 PARTNER 4 TOTAL

Year 1
Partner's Equity Beginning 305,963.00 305,963.00 305,963.00 305,963.00 1,223,852.58
Add: Share in Net Income 338,607.00 338,607.00 338,607.00 338,607.00 1,354,429.72
Less: Drawings (10%) 33,860.74 33,860.74 33,860.74 33,860.74 135,442.97
Partner's Equity Ending 610,709.26 610,709.26 610,709.26 610,709.26 2,442,839.33

Year 2
Partner's Equity, Beginning 610,709.83 610,709.83 610,709.83 610,709.83 2,442,839.33
Add: Share in Net Income 311,601.00 311,601.00 311,601.00 311,601.00 1,246,404.32
Less: Drawings (10%) 31,160.00 31,160.00 31,160.00 31,160.00 124,640.43
Partner's Equity Ending 891,150.83 891,150.83 891,150.83 891,150.83 3,564,603.22

Year 3
Partner's Equity, Beginning 891,150.81 891,150.81 891,150.81 891,150.81 3,564,603.22
Add: Share in Net Income 325,184.00 325,184.00 325,184.00 325,184.00 1,300,739.86
Less: Drawings (10%) 32,518.00 32,518.00 32,518.00 32,518.00 130,073.99
Partner's Equity, Ending 1,183,816.81 1,183,816.81 1,183,816.81 1,183,816.81 4,735,269.09

Year 4
Partner's Equity, Beginning 1,183,817.27 1,183,817.27 1,183,817.27 1,183,817.27 4,735,269.09
Add: Share in Net Income 338,975.00 338,975.00 338,975.00 338,975.00 1,355,902.25
Less: Drawings (10%) 33,897.00 33,897.00 33,897.00 33,897.00 135,590.23
Partner's Equity, Ending 1,488,895.27 1,488,895.27 1,488,895.27 1,488,895.27 5,955,581.12

65
Year 5
Partner's Equity, Beginning 1,488,895.28 1,488,895.28 1,488,895.28 1,488,895.28 5,955,581.12
Add: Share in Net Income 353,081.00 353,081.00 353,081.00 353,081.00 1,412,326.30
Less: Drawings (10%) 35,308.00 35,308.00 35,308.00 35,308.00 141,232.63
Partner's Equity, Ending 1,806,668.28 1,806,668.28 1,806,668.28 1,806,668.28 7,226,674.79

66
This questionnaire will give information about the procurement and spending of quail egg vendors.

Name (Optional): Date: Location

Instruction: Put a check () in the box of your corresponding answers. Otherwise, please specify.

1. Where do you get supplies of quail eggs? Tacurong Pres. Quirino Koronadal
Isulan
Others, please specify
2. How often do you order quail eggs? Daily Weekly Monthly
Others, please specify
3. How many quail eggs do you order peer week? 100-300 301-500 501-700
Others, please specify
4. How do you prefer to sell quail egg? Per piece Per pack

Others, please specify

5. How many quail eggs are in a pack? 2 3 4 5

Others, please specify

6. How much is your selling price per pack? 10-15 16-20 21-25 26-30
Others, please specify
7. When usually is your peak season for selling quail eggs? please specify.

67
This questionnaire will give information about the consumption and spending of individual consumers of
quail meat.

Name (Optional): Date: Location

Instruction: Put a check () in the box of your corresponding answers. Otherwise, please specify.

1. Do you eat quail meat? Yes No

If yes, answer the following questions:
2. How often do you eat quail meat? Daily Weekly
Monthly
Others, please specify
3. How much do you spend in buying quail meat per week? ₱50-₱100 ₱101-₱150

₱151-₱200

Others, please specify

4. How many per piece of quail eggs do you consume per month?
0-25 10-50 50 above

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This questionnaire will give information about the consumption and spending of individual consumers of
quail egg.

Name (Optional): Date: Location

Instruction: Put a check () in the box of your corresponding answers. Otherwise, please specify.

1. Do you eat quail eggs? Yes No

If yes, answer the following questions:
2. How often do you eat quail eggs? Daily Weekly
Monthly
Others, please specify
3. How many quail eggs do you eat in a week? 1-5 6-10 11-15
Others, please specify
4. How much do you spend in buying quail egg per week? ₱50-₱100 ₱101-₱150

₱151-₱200

Others, please specify

69
 ALEJANDRO P. DOMINGO III
Researcher

The researcher named Alejandro P. Domingo III – was born on the 10th day
of May in the year 1998 at South Cotabato Provincial Hospital. He is the only
children of Mr. Alejandro J. Domingo and Mrs. Aurelia P. Domingo. He is now a 5 th
year college student 20 years of age, single and in good health.

He finished his elementary education in Notre Dame of Tacurong College –

Grade School on academic year 2009-2010, completed his secondary education
in The Sisters of Mary School – Boystown on academic year 2013-2014. He also
finished his vocational course on Sisters of Mary Technological Educational
Institute Inc., completed the training and passed the assessment in Technical
Drafting NCII. He is about to finish his degree in Bachelor of Science in
Accountancy in Sultan Kudarat State University – Tacurong Campus. He is the
best background people in his class, even though great achievements we’re not
achieved by him, he is always there to support his friends and acquaintances.

One of his principles in life is – “Don’t stop when you’re tired, stop when
you’re done.” He may be a person with less achievements but what matters the
most is his spirit of never giving up. Pursuing his dreams and ceasing to give up
would make him a successful person someday and would make him a person
worthy of the CPA title.

70
 GEOFFREY JR, D. LASTIMOSO
Researcher

The researcher named Geoffrey D. Lastimoso Jr. – was born on the 5th day
of November in the year 1997 at Tacurong City. He is the only son of Mr. Geoffrey
C. Lastimoso and Mrs. Liezel D. Lastimoso. He is now a 5th year college student
21 years of age and in good health.

He finished his elementary education Dr. Manuel J. Griño Elementary

School on academic year 2009-2010 and graduated as the class valedictorian,
completed his secondary education in Virginia F. Griño Memorial National High
School on academic year 2013-2014 and graduated as the class valedictorian. He
is about to finish his degree in Bachelor of Science in Accountancy in Sultan
Kudarat State University – Tacurong Campus. He has a good charisma in people,
thus making him both efficient and effective in leading them. He knows how to
socialize well with people and is comfortable companion.

One of his principles in life is that – “Success is not measured by the things
you have achieved, it is measured by the things you have proven yourself.” A
strong and reinforced will that will enable him to become a successful man
someday and prove himself that he would become a person worthy of the CPA
title.

71
 JEFFERSON D. CAASI
Researcher

The researcher named Jefferson D. Caasi – was born on the 14th day of
July in the year 1998 at Cotabato City. He is the eldest son of Mr. Hector K. Caasi
and Mrs. Genevieve A. Caasi. He is now a 5th year college student 20 years of
age, single and in good health.

He finished his elementary education in Cotabato City Central Pilot School

on academic year 2009-2010, completed his secondary education in Cotabato City
National High School – Rojas Campus on academic year 2013-2014. He is about
to finish his degree in Bachelor of Science in Accountancy in Sultan Kudarat State
University – Tacurong Campus. He has a vast knowledge regarding technical skills
and a straightforward kind of personality. He is a part of an organization that
enables him to enhance his work-oriented character as a person.

One of his principles in life is that – “There is no progress without action.”

Things not started by today will never be expected to be finished tomorrow, thus
making him do what he can for the day. A character of him that will enable him to
become a successful person someday.

72
 RUEL M. GUIANG JR.
Researcher

The researcher named Ruel M. Guiang Jr. – was born on the 9th day of
August in the year 1997 at New Carmen, Tacurong City. He is the only children of
Mr. Ruel G. Guiang Sr. and Mrs. Jocelyn M. Guiang. He is now a 5 th year college
student 20 years of age, single and in good health.

He finished his elementary education in Maria Z. Bayya Elementary School

on academic year 2009-2010, completed his secondary education in Tacurong
National High School on academic year 2013-2014. He is about to finish his degree
in Bachelor of Science in Accountancy in Sultan Kudarat State University –
Tacurong Campus. He has an exceptional talent in motivating people around him
and is a family-oriented person. He always puts his family and friends first and
knows how to understand them the most.

One of his principles in life is – “Success is a state of mind. If you want

success, start thinking of yourself as success.” Having an optimistic mind set can
make a good comeback whenever he is encountering problems in life. This
character will enable him to become successful man and worthy of the CPA title.

73