A06-Fah Luang Farm and Restaurant

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Content
Title Page
Content of table .............................................................................................................................................5
Content of Figure ..........................................................................................................................................6
Executive Summary ......................................................................................................................................8
Chapter 1: Introduction .................................................................................................................................9
1.1 Background and significance of project ........................................................................................9
1.2 Project objective ............................................................................................................................... 10
1.3 benefit of project .............................................................................................................................. 10
1.4 Time frame ....................................................................................................................................... 11
Chapter 2: Industry Profile ......................................................................................................................... 12
2.1 Natural of Industry ........................................................................................................................... 12
2.2 Situation of industry ......................................................................................................................... 15
2.3 Product/Service (in General) ............................................................................................................ 21
2.4 Vision and Mission........................................................................................................................... 24
2.5 Strategy............................................................................................................................................. 25
2.5.1 Cooperate level .......................................................................................................................... 25
2.5.2 Business level ............................................................................................................................ 25
2.5.3 Function level ............................................................................................................................ 26
2.4 Marketing and sales department ....................................................................................................... 26
2.5 Financial department ........................................................................................................................ 26
2.6 General Management Department .................................................................................................... 26
2.7 Human Resources Management Department ................................................................................... 27
Chapter 3: Market feasibility study ............................................................................................................ 28
3.1 Market Analysis ............................................................................................................................... 28
3.1.1 General environment ................................................................................................................. 28

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3.2 STP Analysis .................................................................................................................................... 33
3.2.1 Market segmentation ................................................................................................................. 33
3.2.2 Target market ............................................................................................................................ 36
3.2.3 Market positioning .................................................................................................................... 36
3.3 Marketing mix strategy .................................................................................................................... 36
3.3.1 Product....................................................................................................................................... 36
3.3.2 Price ........................................................................................................................................... 37
3.3.3 Place or Channel of Distribution ............................................................................................... 37
3.3.4 Promotion .................................................................................................................................. 37
3.4.1 Strength ..................................................................................................................................... 39
3.4.2 Weakness ................................................................................................................................... 39
3.4.3 Opportunity ............................................................................................................................... 39
3.4.4 Threat......................................................................................................................................... 40
3.5 Sales forecast .................................................................................................................................... 40
3.6 Marketing Expense ........................................................................................................................... 48
3.6.1 Marketing tools.......................................................................................................................... 48
3.6.2 Marketing budgets ..................................................................................................................... 49
3.7 Marketing Feasibility Analysis Summary ........................................................................................ 53
Chapter4: Technical Feasibility Study ....................................................................................................... 54
4.1 Production and Operations Analysis ................................................................................................ 54
4.1.1 Product Characteristic ............................................................................................................... 54
4.1.2 Product/service process ............................................................................................................. 65
4.1.3Location and Layout ................................................................................................................... 67
4.1.4 Tools / Equipments .................................................................................................................... 78
4.1.5 Logistic Management .............................................................................................................. 114
4.1.6 Facility Management ............................................................................................................... 115

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4.2 Cost of Investment.......................................................................................................................... 119
4.2.1 Pre – Operating Cost ............................................................................................................... 119
4.3 Investment Cost .............................................................................................................................. 125
4.3.1 Building Decoration ................................................................................................................ 125
4.3.3 Office supplies for every 1st quarter ....................................................................................... 129
4.4 Management Analysis .................................................................................................................... 158
4.4.1 Organization management ....................................................................................................... 159
4.5 Technical Feasibility Conclusion ................................................................................................... 177
Chapter 5: Financial Analysis .................................................................................................................. 178
Chapter 6: Risk Management ................................................................................................................. 202
6.1 External Risk .................................................................................................................................. 202
6.1.1Economic Risk ......................................................................................................................... 202
6.1.2Environment and Natural Disaster ........................................................................................... 202
6.1.3Customer Perspective Risk ....................................................................................................... 203
6.1.4Competitive Risk ...................................................................................................................... 204
6.1.5Technology Risk....................................................................................................................... 204
6.2 Internal risk .................................................................................................................................... 205
6.2.1Communication risk ................................................................................................................. 205
6.2.2Human resource management .................................................................................................. 206
6.2.3Employees Risk ........................................................................................................................ 206
6.2.4Financial Risk ........................................................................................................................... 207
6.3 Summary Risk Management .......................................................................................................... 213
Chapter 7: Summary................................................................................................................................. 214
Appendix .................................................................................................................................................. 219
Appendix .................................................................................................................................................. 397
Company Limited Registration ................................................................................................................ 397

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Content of table
Title Page
Chapter2
Table 2.1: Gross provincial product at current market prices 16
Table 2.2: Income in Chiang Rai 2009 17
Table 2.3: Tourist behavior of in Chiang Rai 2009 19
Chapter 3
Table 3.1: Competitor analysis 33
Table 3.2: Ministry of Tourism and Sports, Thailand 35
Table 3.3: The percent of age Thai and foreigner tourism in 2009 35
Table 3.4: The percent of age Thai and foreigner tourism in 2009 35
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Content of Figure
Title Page
Chapter 1: Introduction
Figure 2.1: Product/Service (in General) 21
Figure 2.2: Restaurant 22
Figure 2.3: Coffee shops 22
Figure 2.4: The products made from Ostrich 23
Figure2.5: Camping Area 24
Chapter 2: Industry Profile
Figure 3.1: Promotion (Birth day) 38
Figure 3.2: Promotions (Court down) 38
Figure 3.3: Promotions (Buy the product) 39
Figure 3.4: Picture of website 48
Figure 3.5: Radio advertising 48
Chapter 4: Technical Feasibility Study
Figure 4.1: Drive ATV extreme 54
Figure 4.2: Ride an Ostrich 54
Figure 4.3: Ride a horse 55
Figure 4.4: Steak 56
Figure 4.5: Menus Special 59
Figure 4.6: Coffee Shop 61
Figure 4.7: The products made from Ostrich. 62
Figure 4.8: Camping Area 63

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Figure 4.9: Product/service process 64
Figure 4.10: The Location of Fah Luang Fame & Restaurant Building 67
Figure 4.11: The Layout 68
Figure 4.12: Logistic Management 114
Figure 4.13: company’s name signboard / billboard 119
Figure 4.14: Rubber stamp 120
Figure 4.15: Bright Green E/EN343 (S.P.) 125
Figure 4.16: Cream Ivory Nano 60*60 125
Figure 4.17: Company’s Polo-Shirt 125
Figure 4.15: Organization Management 159
Chapter 6: Risk Management
Figure 6.1: Decrease in total sale between years 2010-2014 209
Figure 6.2: Increase in interest rate 211
Figure 6.3: Incomes in Cost/Expense 212
Chapter 7: Summary
Figure 7.1: Income statement 216
Figure 7.2: Cash flow statements 216

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Executive Summary
Fah Luang farm and restaurant is established in 2010 by invested at 3 million baht for run
business. Fah Luang farm and restaurant are separate 4 types in our farm to provide service to
the customer included: activities within the farm, restaurant and coffee shop, the products made
from Ostrich and camping Area. In restaurant provide foods are made of ostrich meat and have
coffee shop in restaurant. The activities in farm have ride ostrich, horse and for the ATV extreme
suitable for who like challenging and exciting. It has special farm and restaurant which different
services and mix together in services. FAh Luang farm and restaurant focus on age between 15-
44 years because from the information of age between 15-44 years likes to travel and company
expects to get 2.25% of market share.
At the beginning, Fah Luang farm and restaurant introduces product and services through
distribution channels along with promote on radio, website, Brochures and etc.
Fah Luang farm and restaurant is invested at 3 million baht. The sources of fund are from
bank, stocks and owned capital. As business run, company expects to have sales 10% in year2,
15% in year3, 20% in year4 and 25% in year 5. Moreover, Fah Luang farm and restaurant
expects to expand business to market for support customer demand and economic growth.
FAh Luang farm and restaurant is asking for bank loan of 3 millions in return of interest
at 15%.
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Chapter 1: Introduction
1.1 Background and significance of project
Now a day, the most people look for the recreational area because they are stress from
work and the effect from environment around them. Include with the people who love nature and
like to do activities outside together. So, our farm plan to open the place that appropriate to the
needs of people wants to relax in their life or people are stress from work. Our farm has the new
design to mix between farm and restaurant together. The place areas about 30 rai in Mae Chan
district, Chiang rai. Because the area is widely and surrounded by mountains, invigorate, cool,
suitable for animal’s husbandry, and near the tourist attractions in Chiang Rai province, such as
Doi Mae Salong, Doi Tung and Mae Sai, etc. It is designed to look shady and comfortable that
the characteristic look like cowboy style. Our farm and restaurant are including with horse farm
and Ostrich Farm. The atmosphere has a natural environment is surrounded by lovely’s animal
such as ostrich and horses. It’s can make customer enjoy eating with lover and family. Our farm
has a special menu is to bring meat and ostrich eggs to make food.
For the most Thai people are found only ostrich in the zoo. In the fact, the Ostrich is the
animal that can make many benefits and reward to achieve such as the quality of ostrich leather
is better than crocodile leather, the flavor is better than beef but fat and low cholesterol. The
Ostrich feathers can be used to make jewelry and the ostrich eggs can be carved or painted
designs jewelry too.
In our farm, we have a Camping and ATV extreme for the visitor who interesting in
extreme activities. Our farm provides the private which is combine with safety, cleanness and
comfortable for every visitors for example family or tourist groups. We will serve the
comfortable service and do as our best for every visitor.
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1.2 Project objective
1.2.1 To study information and problem of farm and restaurant in Chiang Rai province.
1.2.2 To study feasibility to open ostrich farm and restaurant in Chiang Rai province.
1.2.3 To study and analyze the competitive of farm and restaurant in Chiang Rai province.
1.2.4 To study problem, opportunity weakness and strength of business.
1.2.5 To study of feasibility of financial and analyze risk of farm and restaurant in Chiang Rai
province.
1.3 benefit of project

1.3.1 Leaning about risk of open new farm and restaurant.
1.3.2 Leaning how to planning and investment in business.
1.3.3 Leaning the possibility of business.
1.3.4 Learning to solve problems that occur during does the project.
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1.4 Time frame

Time Process since November 2010 – February 2011
November December January February
Activities W W W W W W W W W W W W W W W W
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
1. Topic submission
2. Introduction
submission
- Define background
of project
3. To study the service

characteristic
4. Topic presentation
5. To study of feasibility of
marketing and feasibility of
operation and technical.
6. Analyze the financial

of our business
- Financial
Statements
Generating
- Financial Statement
Analysis
7. Project Advertising
- VCD/DVD Ads.
8. To study and manage the

risk of our business
9. Writing and analyze the

report
10. Conclusion the feasibility

of business
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Chapter 2: Industry Profile
2.1 Natural of Industry

Ministry of Agriculture and Cooperatives test and research about ostrich for promote
information with agricultural and promote tourism such as riding ostrich and are the knowledge
to people. Nowadays the goal is distribute ostrich with agriculturist interest in support.
Agriculturist cannot direct import. And distribute meat and buck of ostrich both domestic and
international markets is second objective after remain distribute.
Since 2538, department of livestock development and zoo by the first time import live
birds until the year 2540, so import format of eggs for hatch in Thailand by import from Europe
Netherlands, Belgium, Germany, North Africa, South Africa and Australia. Currently they
import the eggs and baby birds 1 day of age are infected, especially in South Africa. (From the
farm of the Thai government allowed to be imported) has total imports last year (year 2008)
totaled 78 million and understand that baby birds are distribute to different parts of Thailand,
most farmers have objective to purchase ostrich for to breeder, retain eggs to hatch. And then
sales baby birds to another person who wants to buy baby ostrich and separate some bird to as
bird feed and breed for sale as meat birds return in security prices.
When it comes to ostrich, many people can probably think of appearance from TV and
Zoo. However, for people who cannot think of it; ostrich is a big bird (almost same size as
human) with shaggy hair, long legs, long neck, big eyes, and big bill. There are many people
think that we can find them only in zoo or TV. Moreover, there are many people think that
ostrich is a rare monster. But in fact it’s not because ostrich is a new economic animal of the
world. Nowadays it’s very popular business; there are many ostrich farms around the world.
Thailand is also the country of ostrich farming began to be widely popular. Because of the
appropriate weather in central and north-eastern of Thailand. Ostrich doesn’t like damp weather
but it like warm.
Ostrich
Ostrich is the largest bird. Originated in North Africa, ostrich can adapt to the weather as
well. Therefore the ostrich is the popular breed in the world.
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Type of ostrich (3 generations)
- Red Neck
- Blue Neck
- Black Neck (African Black)
In three types it different in the produce and size but same characteristic.
Characteristic
Masculine: black hair, except wing and tail are white, high 2.65-270 cm, weight 100 to
165 kg.
Female: brown and gray hair, high 175 to 230 cm, white 90 to 155 kg.
To return
In 10 to 14 months of ostrich will the rate of growth. Each ostrich weight about 90 to 110
kg. Period of time optimal to transmute and product as follows.
Buck
One ostrich have different buck 1 type is lea, shin and back of ostrich. Buck of ostrich
has more benefit such as boot, shoes, jacket, pocket and belt.
Meat
Ostrich meat is the advantages of fat. And low cholesterol (cholesterol than other meats).
All nations and religions can eat ostrich.
Hair
Characteristic of ostrich is a soft, used as jewelry and clothing. Apparel make of wood
dust for electronic.
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Oil
Oil is a component important in make a cosmetic because absorb into the quickly skin,
not glutinous and help good nourish skin
Egg and eggshell
Ostrich egg can eat is a food and have property the same with a duck egg, hen egg and
eggshell can carve and make lantern is decorations or souvenir. Our catch sight the many benefit
of ostrich.
So, we plan to open the farm ostrich. But this farm doesn’t have only ostrich. Our farm
has many animals such as horses. People can visit and activities around the farm or even outside
trails to fields and mountains. Our farm has the new design to mix between farm and restaurant
together. The atmosphere has a natural environment; it is designed to look shady and
comfortable that the characteristic look like cowboy style. 1
Fah Luang Farm’s services have a lot type is separate group of material is 4 group.
1. Activities within the farm.
2. Restaurant and coffee shop.
3. The products made from Ostrich.
4. Camping Area.
1
Source: http://www.thaifeed.net/animal/ostrich/ostrich-1.html
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2.2 Situation of industry

Chiang Rai is a famous about the natural environment for attractions in a part of
Thailand. Most of landscape in Chiang Rai is surrounded by mountains that can attractive from
the Thai and foreigners tourists. The most popular are invited to see a continually especially
during the winter of each year. A winter event is a favorite spot of tourists and make the winter
period has turnover money more than other season. However, the situations of Chiang Rai in 2-3
years ago are likely to grow slightly decreased the rate of 0.08 percent and we found the number
to reservation the hotel at night are decrease 2.63 percent. . While a group of tourists do not stay
overnight the growth rate were increased 35.79 percent which Chiang Rai no events are for
tourists during at night. Therefore the reservation a hotel in Chiang Rai province has little that
make the most of the tourists are return to reserve in Chiang Mai instead to stay in Chiang Rai.
Include with the Port of Chiang Saen and Port of Chiang Khong that can like to travel Nong
Khai, Nakhon Phanom, China, Laos, and Vietnam. As well as has a casino is open to attract
tourists. That the result in more tourists both Thai and foreign travel to popular gambling or
travel to another country.
The main target of tourists who travel to Chiang Rai are Thai tourists traveling in a group
of friends and family that visit to Rong Khun temple, shopping at Mae Sai district, Doi Tung
Royal Villa and the Golden Triangle. They always use private cars and bus to travel by own
group of friends and family. The tourist will enjoy the cultural category. The tourist will enjoy
the cultural category. The period of time to stay and travel in Chiang Rai province is about 2.78
days and the average cost of number foreigner to reservation the hotel is about 2,703.48 baht per
day which from the previous, there are decrease. As oil prices are increased continuously all year
that make the tourists care about when their spending more money to travel in totaled 7,838.52
million Baht. From the traveler has average cost per person, per day, approximately 1,834.07
THB that reason can make the revenue in tourism totaling 189.85 million. When combine the
total of revenue from tourism in Chiang Rai province that excluding the cost of travels between
provinces about 8,028.37 million Baht. Therefore, the average cost of the visitors in Chiang Rai
approximately 2,673.50 THB.
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From the reservation the hotel in Chiang Rai that make the rate of expand number of
reservation are drop to 5,062 rooms. While the average occupancy rate will growing up at 36.48
to 3.99 percent and the average period of time to stay at the hotel is about 1.57 days.2
Table 2.1: Gross provincial product at current market prices
GROSS PROVINCIAL PRODUCT AT CURRENT MARKET PRICES

0205 CHIANG RAI (Millions of Baht)
2002 2003 2004 2005 2006r 2007r 2008p 2009p1
Agriculture 8,828 10,666 12,506 15,507 13,684 15,691 19,767 19,009
Agriculture, Hunting and Forestry 8,618 10,294 12,071 14,845 13,025 15,026 18,995 18,136
Fishing 210 371 435 662 659 665 772 874
Non-Agriculture 26,440 26,803 29,327 31,609 34,115 38,982 44,804 47,244
Mining and Quarrying 248 260 302 325 311 376 357 473
Manufacturing 1,338 1,686 1,948 1,755 1,983 4,171 7,793 8,535
Electricity, Gas and Water Supply 623 628 735 749 760 761 763 888
Construction 1,823 1,935 1,777 1,741 1,872 2,228 2,381 2,513
Wholesale and Retail Trade; Repair of Motor Vehicles,
Motorcycles and
Personal and Household Goods 7,893 7,846 8,394 8,891 9,169 9,690 10,809 10,619
Hotels and Restaurants 1,081 998 1,117 1,159 1,354 1,490 1,570 1,758
Transport, Storage and Communications 2,145 2,133 2,509 2,760 3,015 3,206 3,377 3,645
Financial Intermediation 1,452 1,463 1,650 1,828 2,220 2,433 2,604 2,724
Real Estate, Renting and Business Activities 2,444 2,452 2,509 2,596 2,706 2,742 2,705 2,647
Public Administration and Defence; Compulsory Social
Security 2,341 2,448 2,771 3,119 3,314 3,555 3,850 4,013
Education 3,174 3,246 3,756 4,417 4,908 5,601 5,786 6,408
Health and Social Work 1,517 1,321 1,436 1,812 2,036 2,249 2,311 2,503
Other Community, Social and Personal Services
Activities 281 301 330 360 367 370 382 394
Private Households with Employed Persons 81 87 93 98 102 109 116 124
Gross Provincial Product (GPP) 35,268 37,468 41,833 47,116 47,799 54,673 64,571 66,253
GPP Per capita (Baht) 30,201 31,916 35,474 39,793 40,202 45,774 53,815 54,977
Population (1,000 persons) 1,168 1,174 1,179 1,184 1,189 1,194 1,200 1,205
Source:http://www.nesdb.go.th/Portals/0/eco_datas/account/gpp/2009/TABLE%20IN%20GPP%
20BOOK%202009p1.zip
From the table show information about Gross provincial product at current market prices
of Chaing rai people in GPP per capita in each business and occupancy.
2
Source: www2.tat.or.th/stat/download/tst/361/สถิติเชียงราย.doc
17
Table 2.2: Income in Chiang Rai 2009
Income
The percentage of number Thai and foreigner tourist in Chiang Rai 2009
Unit: person (percent)
Income Thai tourist Income per year Foreigner tourist

per month
traveler tourist Total Traveler tourist Total
None 69 335 404 Less than USD 26 134 160

10,000
(26.2) (15.0) (16.2) (24.1) (20.2) (20.7)
Less than 103 766 869 USD 10,000 – 20 91 111

10,000 14,999
(39.2) (34.3) (34.8) (18.5) (13.7) (14.4)
baht
10,000 – 38 546 584 USD 15,000 – 26 165 191

15,000 19,999
(14.4) (24.4) (23.4) (24.0) (24.9) (24.8)
baht
15,0001 – 27 281 308 USD 20,000 – 22 126 148

30,000 39,9999
(10.3) (12.6) (12.3) (20.4) (19.2) (19.2)
baht
30,001 – 10 189 199 USD 40,000 – 11 127 138

45,000 59,999
(3.8) (8.5) (8.0) (10.2) (19.2) (17.9)
baht
45,001 – 15 101 116 USD 60,000 – 3 18 21

60,000
18
baht (5.7) (4.5) (4.6) 79,999 (2.8) (2.7) (2.7)
60,001 – 1 10 11 USD Over - 2 2

75,000 80,000
(0.4) (0.4) (0.4) - (0.3) (0.3)
baht
75,001 – - 3 3
90,000
- (0.1) (0.1)
baht
More than - 5 5
90,000
- (0.2) 0.2)
baht
Total 263 2,236 2,499 Total 108 663 771
(100.0) (100.0) (100.0) (100.0) (100.0) (100.0)
Source:http://www.tourism.go.th/2010/upload/filecenter/file/stat_File_pdf52/north/cheangrai.pd
f
Thai tourist
According to information of tourism authority of Thailand, Most of them have income

about 43.8 percent which lower than 10,000 baht/month and next 23.4 percent have income
between 10,001 – 15,000 baht/month
Foreigner tourist
According to information of tourism authority of Thailand, Most of foreigner has in come

about 28.8 percent, there are between USD 15,000 – 19,999 per year and next it about 20.7 is
lower than USD 10,000 per year.
So, the tourists in Chiang Rai have Thai and foreigners are not different in income
because the group of tourist is lower income.
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Table 2.3: Tourist behavior of in Chiang Rai 2009
Tourist behavior
The percentage of number Thai and foreigner tourist in Chiang Rai 2009
Unit: person (percent)
Main purpose for Thai tourist Foreigner tourist

travel
traveler foreigner Total Traveler foreigner Total
Travel/rest 122 1,109 1,231 99 598 697
(46.4) ((49.6) (49.3) (91.7) (90.2) (90,4)
Meeting/ Training/ 56 305 361 - 2 2

Seminar
(21.3) (13.6) (14.4) - (0.3) (0.2)
Business 30 141 171 4 21 25
(11.4) (6.3) (6.8) (3.7) (3.2) (3.2)
Discharging/work 3 46 49 2 12 14
(1.1) (2.1) (2.0) (1,8) (1.6) (1.8)
Visit family/friends 22 382 404 2 11 13
(8.3) (17.1) (16.2) (1.9) (1.6) (1.7)
Exhibition 1 19 20 - - -
(0.4) (0.8) (0.8) - - -
Receive reward - 2 2 - - -
- (0.1) (0.1) - - -
Meditation 22 73 95 1 14 15
(8.4) (3.3) (3.8) (0.9) (2.1) (1.9)
Other 7 159 166 - 5 5
(2.7) (7.1) (6.6) - (0.8) (0.6)
Total 263 2,236 2,499
(100.0) (100.0) (100.0) (100.0) (100.0) (100.0)
Source:http://www.tourism.go.th/2010/upload/filecenter/file/stat_File_pdf52/north/cheangrai.pd
f
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Thai tourist
According to information of tourism authority of Thailand, The most of percentage is

49.3 percent from tourist who want to travel and rest. Some people come to visit family and
friends are 3.2 percent.
Foreigner tourist
According to information of tourism authority of Thailand, The percentage of foreigner is

90.4 percent likes to travel and rest, some people come to contract business in Chiang Rai is 3.2
percent.
Thus, the travelers in Chiang Rai have the same purpose to travel and rest more than
other objective and purpose.
Situation of Fah Luang Farm and restaurant market
From the primary data about the rates of tourist in Chiang Rai province is growth up that
effect to the recreational area may be to inclined growth up to the future. The recreational area in
Chiang Rai has variety of different to select such as mountain or in the city that each location has
feature are different. If the tourist wants to access animal and nature as well, the recreational area
appropriate is farm. Our farm has ostrich for tourist to study about existence. Including they can
taste of meat ostrich from many menu in our restaurant.
In Chaing Rai province has single ostrich farm. So, we have the opportunity to growing
up by adding the activities are different from competitors such as ATV extreme for the visitor
who interesting in extreme activities and likes challenging. Our farm has safety, cleanness and
comfortable for every visitors for example family or tourist groups. We will serve the
comfortable service and do as our best for every visitor.
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2.3 Product/Service (in General)

Main service to be sold through the Fah Luang Farm and restaurant business will be four main.
1. Within the farm composes of such interesting activities as ATV extreme, ostrich and
horseback riding which can be done around the farm or even outside trails to fields and
mountains.
Figure 2.1: Product/Service (in General)

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2. Restaurant and Coffee shop.

Travel will be delicious food and natural atmosphere. Fah Luang Farm and restaurant are
introduced such as ostrich meat, ostrich dried, ostrich eggs, poached / fried, burnt ostrich chili,
shrimp, crab, fresh fish and many more.
Figure 2.2: Restaurant
At Fah Luang Farm and restaurant you will experience cozy and coffee elite of Doi
Chang, such as cappuccino, hot / cold, La Tek hot / cold, espresso, mocha hot / cold and other
beverages, etc.
Figure 2.3: Coffee shops

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Figure 2.4: the products made from Ostrich

4. Camping Area.
Fah Luang Camping is camping style accommodation and full facility such as
- The mattress, pillows, blankets, with facilities for bathing (soap, shampoo) and
water drinking every tent.
- Coffee, TV, Microwave and Wireless Internet (Wireless) and free events around
the fire for 24 hours.
- The bathroom shower is a natural style that open roof bath are completely closed,
but the surrounding area clean every room.
- If you are interested to bring food to grill. We have arranged a free burner grill
available as well, or want to event order. Our restaurant will provide to their
immediately.
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Figure2.5: Camping Area
2.4 Vision and Mission

Vision
We will be the leader in providing variety kinds of farm and restaurant with the best
quality as well as providing services to meet customer’s satisfaction.
Mission
Fah Luang Farm and restaurant strives to surpass client. We will provide quality service
and the new design the business sustainable returns that reflect innovative ways of caring about
our people and community, to the stakeholders so that they can learn, develop and discover
many new perspectives together.
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2.5 Strategy
2.5.1 Cooperate level

Fah Luang Farm and restaurant tries to use intensive strategies which concern about
target market and product of our farm that provide foods and services for the consumer who likes
new taste and different style. We decide on market penetration by attract new consumer comes to
Fah Luang farm and restaurant and seeking the market share for introduce our products and
services through the market effort. Moreover our farm and restaurant provide the special
promotion in high season for the foreigner and customer. Such as the variety of activities in
camping, riding ostrich and horse, ATV extreme, our business is different style and is the
alternative for the market.
Our farm emphasize on the long-term relationship with the customer in order to make
them are good feeling when come first and maintain who like the natural environment, private
and novelty. Therefore, we will manage in the system inside the organization for easy to perform
work and we will improve and develop production and operation services to the best efficiency.
2.5.2 Business level

Our farm uses the market penetration strategy and set the business strategy to attract the
consumer which has a clear goal, good growth potential and successful in the long term
objective. Fah Luang farm and restaurant use the strategy to gain a competitive advantage by
exploiting core competencies in specific products to the other competitor. In our business
strategy that we choose is Michael Porter’s generic strategy that different style in order to attack
customer by mass production that try something to different than other competitor because we
will use the strategy and technique to develop farm by set promotion. And then link to the
activity in our farm because we make a different style of farm and restaurant. That the alternative
to attractive the customer who interest in our farm and the tourist comes to travel in Chiang Rai
because our farm design to look shady, comfortable and the characteristic likes cowboy style. In
our farm and restaurant have coffee shop, Ostrich Farm and horse farm. We provide the activities
for the customer such as Camping, ATV extreme for who like challenging activity or privacy.
These are the step to do business strategy and can analyze the structure of business, process of
respond business strategy and increase the demand of other people and comfortably in the farm.
26
2.5.3 Function level

Fah Luang farm and restaurant will register under the department of livestock and
forestry department because the ostrich is animal of economy and horses are import from other
country, moreover farm and restaurant have restaurant certificate to confirm in quality of foods.
2.4 Marketing and sales department

- Emphasize on the feeling of customer and services when they come to Fah Luang
farm and restaurant by build the long-term relationship and make the impressiveness
for the customer.
- Try to increases the market share.
- Promote farm and restaurant on website, brochure, radio, and broad.
- Provide the different activities and style such as ATV extreme.
- Design and develop products and services, and define product’s quality.
- Identify the positioning of our business
2.5 Financial department

- Capital structure in our business.
- Sell product in cash payment and credit card.
- Make an income statement, balance sheet every month.
- Control everything in the farm and restaurant that relate with money.
- Improve system of accounting and financial to be standard.
- Allocate the resource of capital.
- Control every financial budget including taxation.
2.6 General Management Department

- Arrange appropriate schedule program for activities in farm and restaurant.
- Improve management system internal farm and restaurant.
- Make an administrative structure.

27
- Develop team work to provide services for the customer.
- Follow up and continue to evaluate work.
- Manage organization’s structure and responsibility of employee in farm and restaurant.
2.7 Human Resources Management Department

- Recruit employees who live animals and have experience for provide food and shelter.
- Training new employees.
- Tell about number of employee in farm and restaurant.
- Define qualification of each employee.
- Assign employee’s working hours.
- Fit the salary’s structure and compensation.
- Develop and improve employee’s skills.

28
Chapter 3: Market feasibility study
3.1 Market Analysis
3.1.1 General environment
(1) Political
The politics of Thailand are currently conducted

within the framework of a constitutional monarchy, whereby
the Prime Minister is the head of government and a
hereditary monarch is head of state including with the
judiciary is independent of the executive and the legislative
branches. And then Thailand has Thai kingdoms and late Kingdom of Siam was under absolute
rule of the kings.3
Nowadays the political situation in Thailand is not stable because the situation in
Thailand can be change all the times that cause
comes from Prime Minister and governments
have the period of times in 4 years to administrate
and followed of the policies. Even through the
conflict between red-shirt and government that
make political in Thailand is not stable. But the
last meeting of the member of ASEAN in
Thailand can be change the political situation is
better and can attract the foreigner belief and confidence in situation in Thai is clearly.
However, the conflict of red-shirt was effect to the tourism and the investor cannot trust
and confidence in the political situation 100% that make the tourist are drop off. Thus Thai
tourism Thailand has a plan to solve problem by promote tourism attraction to promote for the
foreigner comes to again.
3
Source: http://th.wikipedia.org/wiki/ประเทศไทย
29
(2) Economy
From the information about Thailand

economy’s trend in 2010 have growth rate of economic
can get benefit from low base in previous years, pent-
up demand for durable goods that effects to use fiscal
policy and the lower rate of interest. At that time high
risk of world economy’s it grow up. So, the economic
management is successful in the policy which this year is not stimulus economic but can control
of all risk factors but some factor Thai government can control. If the economic has no risk
factors that can expected growth rate of Thai economy in 2010 at 1.9 percent that the result from
that has lower than the government are expect in 3.5 percent. So Thai economy’s have positive
and negative factors.
 Positive factors of Thailand economy in 2010 consist of…

- Liquidity of nation can support debt increased 3-4 billion baht
- Commercial bank it have finance positive
- The consumers are confident when the economy is increase as well.
 Negative factors of Thailand economy in 2010 consist of…
- Inflation: oil price of world decrease in 2009 make low demand and inflation. In 2010
inflation average is 3-4 percent (high inflation)
- Interest rate: from increases inflation rate make the pressure to the committee adapt the
policy to increase interest rate at least may the percentage
up to 0.5 percent or will be change more 1 percent.
- Exchange rate: can guess to circulate of money in
Asia and the effect from the exchange rate to
import.Nowadays from the economy information make we
know the economy situation. We can take this information to improve Fah Luang farm and
restaurant with new strategy. Fah Luang farm and restaurant should to find out a new plan or
policy to solve any problem that can occur in the future.4
(3) Social and environment
4
Source: http://www.price.moc.go.th/price/fileuploader/file_admin_sum/eci.pdf
30
Social and environment is an important factor in a part of business to be successful in the

future. The environment is effect to the ostrich farm and restaurant by look for the way to make
a profit in business. So, we should to learn about the social and environment factor in Fah Luang
Farm and restaurant area for to operate structure before establish farm. Therefore, we study
about the social and environment in the Chiang Rai for to analysis data that is basic to do
business. Chiang Rai is the north of Thailand and has the town hall at Tambon Wiang Aumphur.
Muang Chiang Rai. Then the North of Chiang Rai has the frontier near Myanmar, Mekong
River. In the frontier of east of Chiang Rai has all along of the mountains to Luang Prabang that
is the border between Thailand and Lao. And then can link to Phayao Province, Lampang
Province and Chiang Mai Province. In the west of Chiang Mai is calling Phu Lanka has region
of hill adjoin with three provinces on top of hill. Chiang Rai is once alternative of location in
Thailand that makes the tourists are interesting. Chiang Rai is 12 biggest provinces in country
from range and economic development plan Southern of China and Indo-China border
From the information Chiang Rai is very interesting because the location and
atmosphere suitable for travel. So we determine to open new business about ostrich farm and
restaurant together for to attractive the tourist comes to Chiang Rai.5
(4) Technology
In the present, the technologies are importance role for our daily life and important
factor to develop ability and competitive in business more than the past. We have to follow
and check technology trend that it is good opportunity to do our business grow up quickly in
this economy condition.
Now a day, many businesses can apply the technology to the tools for help to facilitate
such as e-commerce to pay by credit card and online purchase on website. It is convenient for
tourist and entrepreneur.
In the present time have many new technology. So, Fah Luang Farm is necessary to apply
that technology to be the best efficiency.
5
Source:http://cri.brrd.in.th/km/index.php?option=com_content&view=article&id=44&cd71609fcb862acb1060bce
7c979e176=f0713765432c8e56fe468137f2152348
31
For example
- Use website to promote our farm. Tourist can search

the all information of our farm about activities,
restaurant and coffee shop, the product made from
ostrich and camping area.
- Use a new machine to protect ostrich egg.

- Use software set to collect data.
- Our farm has internet WIFI network.
Competitive analysis (3C analysis)
Competitor analysis
Fah Luang farm and restaurant has a direct competitor in the north of Thailand but there
are general ostrich farm and have a rest. But some farm raise animal for transform and export
directly.
Table 3.1: Competitor analysis
Name of farm Target advantage disadvantage Other
1.Khachon farm Tourist and Khachon farm is the Khachon farm They provide
and resort general biggest farm in focus on group activity by boat
person Thailand and this tourist and and buggy jump
farm likes open zoo maintain 20 rooms
of service and mix
with wine yard
2.Wana Farm Everybody Care about service Wana farm has Rid osrich and
and free for access limit of area ride horse
into farm
3.NakhonSawan Export Focus only export Farm cannot open The menu has
ostrich meat ostrich meat for every who like venison, frog,
farm to travel crocodile and
goat.
32
4.SuanSon farm For everyone Have the atmosphere Has limit of area -
like natural and
suitable for rest
So in the north of Thailand have 4 farms raise ostrich and many animals in their farm but most
the ostrich farm focus on the natural atmosphere for tourist and provide camping for rest.6 7 8 9
Customer analysis
The most people admire to travel in Chiang Rai, because Chiang Rai is a famous about
the natural environment for attractions in a part of Thailand. The most of tourists who travel to
Chiang Rai are Thai tourist traveling in kind of a group of friends and family about 26.2 percent.
The travel time is the most popular months from November to April. 10 11
Competitive analysis
The entrepreneur makes business about farm and restaurant in Chiang rai is Wanna farm.
So competitive will be low when we compared with the market. But Wanna farm has more
experience than our farm because they opened about 10 years. The activity is interesting such as
ride ostrich, ride horse, camping area and etc. If other farms can develop product or services
become accept for market. They will be take advantage in market suddenly. Farm should be
adding activities in farm to attract tourist to visit. There is low competition and have high
opportunity to do business. Thus, there is a good opportunity to provide the farm in Chiang Rai
which provides more options for customers to select and order what they really need and want.12
6
Source: http://www.edtguide.com/KhachonFarm_22545
7
Source: www.wanafarm.com
8
Source: www.thaitravelcommunity.com/แหล่งท่องเที่ยวเชิงเกษตร/ฟาร์มนกกระจอกเทศ-นครสวรรค์.html
9
Source: www.tonkeian.com/จังหวัดกําแพงเพชร/ตัวอย่างโปรแกรมนําเที่ยว-จังหวัดกําแพงเพชร.html
10
Source: http://www.tourism.go.th/2010/upload/filecenter/file/stat_File_pdf52/north/cheangrai.pdf
11
Source: http://thai.tourismthailand.org/travel-and-transport/faqs/visa-and-custom
12
Source: www.wannafarm.com
33
3.2 STP Analysis
3.2.1 Market segmentation

Segmentation is very important for our business it can help to identify our target market.
So, we are full market coverage. We serve all customer groups with all the products they might
need in differentiated marketing, our firm operates in several market segments and designs
different products for each segment.
According to the information of Ministry of Tourism and Sports,Thailand, our farm

selects the market is tourism from age come to Chiang Rai by follow from the percent of age
Thai and foreigner tourism in 2009 and use information base on Guest Arrivals at
Accommodation Establishments (Hotels, Guesthouses, Resorts) in Chiang Rai for guide line to
support data.
Table 3.2: Ministry of Tourism and Sports, Thailand
Ministry of Tourism and Sports,Thailand

Guest Arrivals at Accommodation Establishments (Hotels,Guesthouses,Resorts)
in Chiang Rai
Nationality January - June
2010 2009 D(%)
Thai 319,187 305,572 + 4.46
Brunei 539 51 + 957.60
Cambodia - 7 -
Indonesia 243 577 - 57.94
Laos 496 281 + 76.25
Malaysia 4,192 2,792 + 50.15
Myanmar 408 259 + 57.57
Philippines 201 77 + 162.10
Singapore 764 842 - 9.21
Vietnam - 1 -
China 2,302 1,045 + 120.36
Hong Kong 518 127 + 309.11
Japan 3,374 2,711 + 24.46
Korea 1,198 1,254 - 4.49
Taiwan 5,496 5,380 + 2.15
Austria 588 398 + 47.61
Belgium 2,200 3,099 - 29.00
Denmark 1,337 1,156 + 15.72
34
Finland 410 146 + 181.11

France 12,934 10,923 + 18.42
Germany 4,957 6,193 - 19.95
Italy 2,206 3,017 - 26.89
Netherlands 3,319 3,892 - 14.72
Norway 524 871 - 39.82
Russia 527 290 + 81.56
Spain 1,351 2,139 - 36.84
Sweden 762 1,142 - 33.22
Switzerland 2,351 2,313 + 1.65
United Kingdom 3,895 2,588 + 50.49
East Europe 234 50 + 368.36
Canada 1,681 926 + 81.60
USA 8,011 5,726 + 39.89
India 269 106 + 153.81
Australia 2,687 1,729 + 55.37
New Zealand 527 204 + 158.06
Middle East 90 38 + 137.76
Israel 1,883 5,612 - 66.44
Africa 61 18 + 238.76
Others 3,458 3,269 + 5.77
Grand Total 395,179 376,819 + 4.87
Thai 319,187 305,572 + 4.46
Foreigners 75,992 71,247 + 6.66
: Last updated 19 August 2010
Lllustration3.2.1.1:http://www.tourism.go.th/2010/upload/filecenter/file/stat_2553/November/gu
est/update_guest%20north%20jan-june2010.xls
35
Table 3.3: The percent of age Thai and foreigner tourism in 2009
The percent of age Thai and foreigner tourism in 2009
Unit: Person (%)
Thai Tourism Foreign Tourism

Age
Traveler Tourism Total Traveler Tourism Total
81 414 495 31 153 184

15-24 year
(30.8) (18.5) (19.8) (28.7) (23.1) (23.9)
54 605 659 39 212 251

25-34 year
(20.5) (27.1) (26.4) (36.1) (32.0) (32.5)
67 593 660 24 152 176

35-44 year
(25.5) (26.5) (26.4) (22.2) (22.9) (22.8)
35 411 446 10 73 83
45-54 year
(13.3) (18.4) (17.8) (9.3) (11.0) (10.8)
22 192 214 3 50 53
55-64 year
(8.4) (8.6) (8.6) (2.8) (7.5) (6.9)
4 21 25 1 23 24
0ver 65 year
(1.5) (0.9) (1.0) (0.9) (3.5) (3.1)
263 2,236 2,499 108 663 771

Total
(100.0) (100.0) (100.0) (100.0) (100.0) (100.0)
Lllustration:3.2.1.2:http://www.tourism.go.th/2010/upload/filecenter/file/stat_File_pdf52/north/c
heangrai.pdf
From the primary data about the both tourist between Thai and Foreign are not different
of age. The both of group are mostly between 15-44 years old likes to travel.
36
3.2.2 Target market

Fah Luang Farm and restaurant focus the target on age between 15-44 year because from
the information of age between 15-44 year likes to travel which our farm provide the natural
environment and activities challenging, comfortable, variety of activities and camping for
customers. We maintain clean atmosphere and provide the services are friendly for make the
customer are impression on the natural, animal and private make that reach to camping and use
services of our farm. Thus we care about customer are impression and build the good long-term
relationship first.
3.2.3 Market positioning

Fah Luang farm and restaurant try create the different imagine and style of service in our
targeted market which we position our target on promoting, adding value, take care the
customer are friendly in long term relationship and the various activity in farm and restaurant
for the customers such as the extreme activities and have the challenge in each part. Thus our
targets become familiar with our services and activities in our farm that recognize it based off
of the position. The positioning is the successful creation of a customer and focused value
proposition, a cogent reason why the target market use our services. When the customers want
to promoting, adding value, and like the natural in our farm, they can recognize our services in
their mind for optioning.
3.3 Marketing mix strategy
3.3.1 Product
Our farm and restaurant provide product and service for customer by separate kind of product
and services are
4. Camping Area.
37
Our farm and restaurant will provide this entire are completely in our farm to meet customer
satisfy by the customer can design their own collection of product such as paint egg and design
special of bag are made from ostrich. We design the kind of variety activity and specific foods
are made from ostrich meat in our restaurant. From the impression experience our farm and
restaurant concern the best quality of product and services for consumer when purchase or use in
first time.
3.3.2 Price
Fah Luang farm and restaurant’s is the new market about farm in Chiang Rai. Our price is
not expensive for tourist. So, tourist of our farm has every level from the big group to small
group can be willing to pay.
3.3.3 Place or Channel of Distribution
Fah Luang farm and restaurant will be located on Mae-jan in Chiang Rai province
because the area is widely and surrounded by mountains, invigorate, cool, suitable for
animal’s husbandry, and near the tourist attractions in Chiang Rai province and have many
vehicles pass through this location .So we plan to open the new business. Although this place
far from the city and busy area of a community. But we will be parking facilities,
landscaping to appropriate to tourist satisfy. Other major business located on Phaholoyothin
Road includes Doi Mae Salong, Doi Tung and Mae Sai.
3.3.4 Promotion
Our farm has special promotion in festival and holiday. And we have a lot of activity for
tourist can join the fun around farm such as
Camping area:
- House 500 Bath/ Unit (for 2 people)
- Tent 200 Bath/person (free breakfast)

- Promotion for children less than 12 years / 150 Bath (free breakfast)
38
Activities in the farm: Ride a horse 120 baht/round (for 4-5 people)
- Ride a horse (only one) 50 bath/round
- Ride an Ostrich 70 bath/people
- Drive ATV extreme 300/ round (for 1 unit/ 2 people)
**In our farm has coffee, TV and free Wi-Fi every 24 hour
Figure 3.1: Promotion (Birth day)
Birth day: If you show ID card with the staff, you will get to sale discount about riding
hours from 120 baht to 99 baht / round (for 4-5 people)
Figure 3.2: Promotions (Court down)
Court down: If you come to there in your group about 5-10 people, you will get to free
tent.
39
Figure 3.3: Promotions (Buy the product)
Buy the product: If you buy the product made from ostrich more than 2,000 baht, we
have sale discount 10% for you.
3.4 SWOT
3.4.1 Strength
- Have the variety of activities and have ATV extreme
- Low price
- Our Farm and restaurant is clean
- Wide area and focus on the natural and the services is friendly
- Our product is good quality
- Can breed the good quality of breeder
3.4.2 Weakness
- New enter to the market and less people know us.
- Most employee is labor that spend more time to training
- Less experience
3.4.3 Opportunity
- Near the popular place and location of tourism
- Ostrich is economy animal that can attract the investor
- The government support to breed the ostrich is economy animal by not pay tax tariff
- New the special place for attract the other people

40
3.4.4 Threat
- the period of weather of low season is longer than high season
- the percent of incubation of ostrich eggs is less that make the quality of production is low
- the price of foods for breed animal is not stable
3.5 Sales forecast

For sales forecast we estimate sales from rate of Thai and foreigner tourism are visit in
Chiang Rai in year 2009 for base on information to calculate the percentage of tourism come to
Fah Luang farm and restaurant include:
Table 3.4: The percent of age Thai and foreigner tourism in 2009
The percent of age Thai and foreigner tourism in 2009
Unit: Person (%)
Thai Tourism Foreign Tourism

Age Traveler Tourism Total Traveler Tourism Total
15-24 81 414 495 31 153 184
year -30.8 -18.5 -19.8 -28.7 -23.1 -23.9
25-34 54 605 659 39 212 251
year -20.5 -27.1 -26.4 -36.1 -32 -32.5
35-44 67 593 660 24 152 176
year -25.5 -26.5 -26.4 -22.2 -22.9 -22.8
45-54 35 411 446 10 73 83
year -13.3 -18.4 -17.8 -9.3 -11 -10.8
55-64 22 192 214 3 50 53
year -8.4 -8.6 -8.6 -2.8 -7.5 -6.9
0ver 65 4 21 25 1 23 24
year -1.5 -0.9 -1 -0.9 -3.5 -3.1
263 2,236 2,499 108 663 771
Total -100 -100 -100 -100 -100 -100
http://www.tourism.go.th/2010/upload/filecenter/file/stat_File_pdf52/north/cheangrai.pdf
We estimate the 5 % for estimate the number of visitor comes to our farm which we
calculate by the number of visitor divided by percentage of we estimate. Thai and foreigner
tourism in 2009 is about 327,000 per year thus, we calculate by 327,000 × 5% = 16,350 per
year
41
Hence: From the information we estimate tell about the number of visitor of Fah Luang
Farm and restaurant is about 16,350 per year. We can estimate the number of tourism per month
for to calculate sale forecast from the detail.
Monthly forecast base on festival or occasion of tourism
Month1 New year day have 1,820 people
Month2 Valentine day have 1,625 people
Month3 Normal, have 1,160 people
Month4 Song kran days have 1,390people
Month5 Grand opening have 900 people
Month6 Back to school have 860 people
Month7 Normal, have 970 people
Month8 Mother’s day have 750 people
Month9 Normal, have 700 people
Month12 Father’s day, Christmas day and the end of Year have 2,340 people
After that we get the number of visitor we estimate the percentage of all activities and
services for calculate sales forecast.
42
The average number for

product percent of sales sales
1. Activities within the farm. 35% 540
2. Restaurant and coffee shop. 27% 450
3. The products made from Ostrich. 15% 320
4. Camping Area. 23% 520
Total 100%
For 4 our product provides for customer we estimate the percent from each activity and
services to calculate sales forecast that follow from:
1. Activities within the farm we calculate 540 from the average prices of our activities
include with:
o Ride a horse 120 baht/round (for 4-5 people)
o Ride a horse (only one) 50 bath/round
o Ride an Ostrich 70 bath/people
o Drive ATV car 300/ round (for 1 unit/ 2 people)
2. Restaurant and coffee shop: we calculate 105 from the average between higher and
lower of price to sales foods and coffee.
3. The products made from ostrich: we estimate 1000 for sale the product of our farm.
4. Camping area: we calculate price of camping for adult and children is 150 per person.
We estimate the percentage to change to increase in each year
sales Year 1 100% And we predict profit 40%

sales Year 2 105% Cost 60%
sales Year 3 110%
sales Year 4 115%
sales Year 5 120%
43
Sales forecast
For Fah Luang farm and restaurant, sales forecast base on season factor which have the tourism in high season at the end of year to the
beginning of year between Septembers to February. Because of Chaing Rai is natural environment for travel.
Sales Year 1
winter summer Rain winter

Year 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
1. Activities 982,800 877,500 626,400 750,600 486,000 464,400 523,800 405,000 378,000 945,000 1,242,000 1,263,600 8,945,100
2. Restaurant 819,000 731,250 522,000 625,500 405,000 387,000 436,500 337,500 315,000 787,500 1,035,000 1,053,000 7,454,250
3. Product 582,400 520,000 371,200 444,800 288,000 275,200 310,400 240,000 224,000 560,000 736,000 748,800 5,300,800
4. Camping 637,000 568,750 406,000 486,500 315,000 301,000 339,500 262,500 245,000 612,500 805,000 819,000 5,797,750
Total 3,021,200 2,697,500 1,925,600 2,307,400 1,494,000 1,427,600 ,610,200 1,245,000 1,162,000 2,905,000 3,818,000 3,884,400 27,497,900
1,400,000
1,200,000
1,000,000 1. Activities
800,000 2. Restaurant
600,000 3. Product
400,000 4. Camping
200,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
44
Sales Year 2

1. Activities 1,031,940 921,375 657,720 788,130 510,300 487,620 549,990 425,250 396,900 992,250 1,304,100 1,326,780 9,392,355
2. Restaurant 859,950 767,813 548,100 656,775 425,250 406,350 458,325 354,375 330,750 826,875 1,086,750 1,105,650 7,826,963
3. Product 611,520 546,000 389,760 467,040 302,400 288,960 325,920 252,000 235,200 588,000 772,800 786,240 5,565,840
4. Camping 668,850 597,188 426,300 510,825 330,750 316,050 356,475 275,625 257,250 643,125 845,250 1,086,750 6,314,438
Total
3,172,260 2,832,375 2,021,880 2,422,770 1,568,700 1,498,980 1,690,710 1,307,250 1,220,100 3,050,250 4,008,900 4,305,420 29,099,595
1,400,000
1,200,000
800,000 2. Restaurant
600,000 3. Product
400,000 4. Camping
200,000
0
45
Sales Year 3

1. Activities 1,081,080 965,250 689,040 825,660 534,600 510,840 576,180 445,500 415,800 1,039,500 1,366,200 1,389,960 9,839,610
2. Restaurant 900,900 804,375 574,200 688,050 445,500 425,700 480,150 371,250 346,500 866,250 1,138,500 1,158,300 8,199,675
3. Product 640,640 572,000 408,320 489,280 316,800 302,720 341,440 264,000 246,400 616,000 809,600 823,680 5,830,880
4. Camping 700,700 625,625 446,600 535,150 346,500 331,100 373,450 288,750 269,500 673,750 885,500 900,900 6,377,525
Total 3,323,320 2,967,250 2,118,160 2,538,140 1,643,400 1,570,360 1,771,220 1,369,500 1,278,200 3,195,500 4,199,800 4,272,840 30,247,690
1,600,000
1,400,000
1,200,000
1. Activities
1,000,000
2. Restaurant
800,000
3. Product
600,000
4. Camping
400,000
200,000
0
46
Sales Year 4

1. Activities 1,130,220 1,009,125 720,360 863,190 558,900 534,060 523,800 465,750 434,700 1,086,750 1,428,300 1,453,140 10,208,295
2. Restaurant 941,850 840,938 600,300 719,325 465,750 445,050 501,975 388,125 362,250 905,625 1,190,250 1,210,950 8,572,388
3. Product 669,760 598,000 426,880 511,520 331,200 316,480 356,960 276,000 257,600 644,000 846,400 861,120 6,095,920
4. Camping 732,550 654,063 466,900 559,475 362,250 346,150 390,425 301,875 281,750 704,375 925,750 941,850 6,667,413
3,474,380 3,102,125 1,641,740 1,431,750 3,340,750 4,390,700 4,467,060 31,544,015
Total 2,214,440 2,653,510 1,718,100 1,773,160 1,336,300
1,600,000
1,400,000
1,200,000
1. Activities
1,000,000
2. Restaurant
800,000
3. Product
600,000
4. Camping
400,000
200,000
0
47
Sales Year 5

1. Activities 1,179,360 1,053,000 751,680 583,800 583,200 557,280 628,560 486,000 453,600 1,134,000 1,490,400 1,516,320 10,417,200
2. Restaurant 982,800 877,500 626,400 750,600 486,000 464,400 523,800 405,000 378,000 905,625 1,242,000 1,263,600 8,905,725
3. Product 698,880 682,500 445,440 533,760 345,600 330,240 372,480 288,000 268,800 672,000 883,200 898,560 6,419,460
4. Camping 764,400 682,500 487,200 583,800 378,000 361,200 407,400 315,000 294,000 735,000 966,000 982,800 6,957,300
Total 3,625,440 ,295,500 2,310,720 2,451,960 1,792,800 1,713,120 1,932,240 1,494,000 1,394,400 3,446,625 4,581,600 4,661,280 32,699,685
1,600,000
1,400,000
1,200,000
2. Restaurant
800,000
3. Product
600,000
4. Camping
400,000
200,000
0
48
3.6 Marketing Expense
3.6.1 Marketing tools

1. Website: Fah Luang farm and restaurant will promote our farm by have own website is
www.fahluangfarm.com, which use budget 2,000 baht per year
Figure 3.4: Picture of website
2. Radio advertising: we promote advertising on FM 97.75MHZ
Figure 3.5: Radio advertising

49
3. Brochures: we provide brochures for the tourism and other people by use 4 color for
print and art paper A4.
4. Broad: we use broad to advertise and the size of broad is 300 x 250 Pixels. We have 3
places to promote advertise of Fah Luang farm and restaurant.
3.6.2 Marketing budgets

1. Website – we promote on website to advertise our business and give details to
customers. The price 2,000 baht per year.
2. Radio advertising – because it is a local signal so we can get in lower cost that is 3,000
baht per month.
So it we will be spend the money for advertise is about 3,000 x 12 months =
36,000 baht per year.
3. Brochures - A brochures gives the detail about service, some promotion and shop
location. Brochures have 4 colors.
o Year 1 has 1,000 pieces /15,000 baht.
o Year 2 has 500 pieces /12,500 baht.
o Year 3 has 500 pieces /12,500 baht.
4. Broad – In each month we pay 2,000 baht for rent the area for advertising. We will
promote 3 places. Including bus station, entrance Mae Suai and Pho Khun street
intersection.
50
Marketing Expense
% Change
Year1 100%
Year2 105%
Year3 110%
Year4 115%
Year5 120%
Marketing Expense Year 1
website 2,000.00 - - - - - - - - - - - 2,000.00
Radio 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 36,000.00
Brochures 15,000.00 - - - - - - - - - - - 15,000.00
Broad 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 24,000.00
Total 22,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 77,000.00
51
website 2,100.00 - - - - - - - - - - - 2,100.00
Radio 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 37,800.00
Brochures 12,500.00 - - - - - - - - - - - 12,500.00
Broad 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 25,200.00
Total 19,850.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 77,600.00
website 2,200.00 - - - - - - - - - - - 2,200.00
Radio 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 39,600.00
Brochures 12,500.00 - - - - - - - - - - - 12,500.00
Broad 2,200.00 2,200.00 2,200.00 2,200.00 2,200.00 2,200.00 2,200.00 2,200.00 2,200.00 2,200.00 2,200.00 2,200.00 26,400.00
Total 20,200.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 80,700.00
52
website 2,300.00 - - - - - - - - - - - 2,300.00
Radio 3,450.00 3,450.00 3,450.00 3,450.00 3,450.00 3,450.00 3,450.00 3,450.00 3,450.00 3,450.00 3,450.00 3,450.00 41,400.00
Brochures - - - - - - - - - - - - -
Broad 2,300.00 2,300.00 2,300.00 2,300.00 2,300.00 2,300.00 2,300.00 2,300.00 2,300.00 2,300.00 2,300.00 2,300.00 27,600.00
Total 8,050.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 71,300.00
website 2,400.00 - - - - - - - - - - - 2,400.00
Radio 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00 43,200.00
Brochures - - - - - - - - - - - - -
Broad 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 2,400.00 28,800.00
Total 8,400.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 74,400.00
53
3.7 Marketing Feasibility Analysis Summary

For the general environment for our business in political, economic, social and
environment and technology environment are provided quite good opportunity that support
our company to do business. Fah Luang farm and restaurant have the opportunity to grow up
with the economy in Chang Rai province and serve to the customers. Our farm develop
product and service become accept from market by Fah Luang farm and restaurant has
strategy that can competitive with competitor. Moreover, the business about farm and
restaurant in Chiang Rai are quite few that we have only one famous competitor who
allocates the business near Muang district.
However, our farm wants to serve the quality products which meet the customers’
need because our provide services to promoting, adding value, and environmental friendly for
the customers.
54
Chapter4: Technical Feasibility Study
4.1 Production and Operations Analysis
4.1.1 Product Characteristic

Fah Luang Farm’s services have a lot type is separate group of material is 4 group.
Figure 4.1: Drive ATV extreme

- Drive ATV extreme = Price is 300 baht/ round (for 1 unit/ 2 people)
Figure 4.2: Ride an Ostrich
- Ride an Ostrich = Price is 70 baht/people

55
Figure 4.3: Ride a horse.
- Ride a horse = Price is 120 baht/round (for 4-5 people)

- Ride a horse = Price is 50 baht/round(only one)

Steak
Ostrich Steak: 247 baht
Beefsteak: 127 baht

56
Pork Steak: 97 baht
Chicken Steak: 97 baht
Figure 4.4: Steak
Menu Special
Red water ostrich: 137 baht Raw chopped ostrich Minced fish kang
salad: 117 baht frame: 97 baht
Spicy fried boar: 97 baht Spicy fried Fried Basil preserved

alligator: 97 baht egg: 87 baht
57
Pork minced: 77 baht Fried soft shell crab Catfish papaya

curry powder: 117 baht salad: 97 baht
A food dish single
Manu Price
1. Ostrich rice fried 47 baht
2. Fried ostrich with black pepper 47 baht
3. Ostrich chili paste fried. 47 baht
4. Curry ostrich 47 baht
5. Fried rice with seafood. 57 baht
6. Fried rice with sour pork 37 baht
7. Fried Basil sea 57 baht
8. Fried Basil Pork or chicken 37 baht

58
9. American fried rice. 67 baht
10. Fried chili Pork burn chicken. 37 baht
11. Fried Basil Pork or chicken 37 baht
Spicy Thai-style salad
Manu Price
1. Seafood salad. 97 baht
2. Fresh squid salad. 87 baht
3. Basil preserved egg salad crisp 87 baht
4. Vegetable oil for frying. 67 baht
5. Ostrich lemon 117 baht
6. Ostrich lab fall 117 baht

59
Boil of type
Manu Price
1. Ostrich stew 97/137baht
2. Boil a clan on ostrich 97/137 baht
3. Clear soup with tofu, pork chop 77/97 baht
4. Tom Yum Goong 97/117 baht
5. Mushroom soup Oh Rin Chi Kung 97/127 baht
6. Ostrich Tom Kha 97/137 baht
Figure 4.5: Menus Special

60
Coffee Shop
Americano
Lced: 35 baht Hot: 40 baht
Café’ Latte
Hot: 40 baht Lced: 35 baht

61
Koko drink
Lced: 20 baht Hot: 25 baht
Cappuccino
Hot: 35baht Lced: 25 baht

Mocha
Lced: 30 baht Hot: 40baht
Figure 4.6: Coffee Shop

62
Figure 4.7: The products made from Ostrich
Product Price
Key ring 150 Baht
Egg ostrich 100 Baht
Painting egg ostrich 250 Baht

63
4. Camping Area.
Figure 4.8: Camping Area
Type of camping Price
House (for 2 people) 500 Bath/ Unit
Tent (free breakfast) 200 Bath/person
If you have own tent, our farm provides a space the area in case the tourists bring their own
tents.And then our farm will rental charge tent.
- Adults 200 baht per person/night.

- Children under 12 years of 80 baht per person/night.
- Children under 5 years can stay free.
64
Srisinfah Limited
Kongsin Kaiwijit
Figure 4.9: Product/service

process
65
4.1.2 Product/service process
1. The first step, our farm selected the ostrich that can make be food. The period of
age about is 3-4 months are producing buck ostrich. At the same time our farm
sent buck of ostrich to modify at Srisinfah limited 190 Moo. 6 Sukumwit Raod,
Bangbumai, Muang Samutprakan 10280190 Telephone: (66-2) 323-9357 Fax:
(66-2) 323-9886 Email : info@srisinnfah.com13
2. For egg ostrich, our farm sent egg ostrich to paint and drawn on the egg ostrich
and made the handbag at Kongsin Kaiwijit 519/26 Kaseamsukum Tambon
MaeKong Samutsongkhram province 75000 Thailand. Telephone: 034-71186614
3. At Srisinfah limited tan leather industry will clean and modify the buck of ostrich
that the product such as bag, hat, belt, key ring, paper, boot and etc. Our farm will
design the product before to send industry. Sometime industry introduces the new
design with our farm.
4. For egg ostrich, our farm will send only egg shell at Kongsin Kaiwijit. After that
Kongsin Kaiwijit create paint and drawn on the egg ostrich. The product is
handbag and egg ostrich to drawn already. After finish processing Kongsin
Kaiwijit will sent the product to back our farm.
5. Fah Luang farm and restaurant sell the products made from Ostrich such as bag,
hat, belt, key ring, paper, boot, shoes and etc. The product is not expensive.
13
http://www.srisinnfah.com/Profile_th.htm
14
http://www.siameggdesign.com/
66
Service process
For our service, the process is as follow:
Tourist
When entering the farm and restaurant first thing tourist will find many services
for customer chosen such as activities within farm, restaurant and coffee shop, the
product made form ostrich and camping area.
Employee (When tourist enters to Fah Luang farm and restaurant)
When tourist comes to service or visit Fah Luang farm and restaurant, our farm
will welcome by employee that take care and recommend the all activities for tourist. If
tourist wants to ride house or ostrich, the employee will teach technical before their ride
it.
Employee (When tourist enters to zone restaurant and coffee shop)
For tourist want to eat food in our restaurant, we will recommend menu to
interest such as ostrich steak, red water ostrich, American fried rice and etc. And then we
have coffee shop by professional of Doi Chang.
Employee (When tourist enters to buy the product made from ostrich)
Employee will recommend the new product that modern and popular. If tourist
buy the product made from ostrich more than 5,000 baht, we have sale discount 10% for
you.
Employee (When tourist stay overnight in our farm)
Employee will take care throughout the night for security.

67
4.1.3 Location and Layout

Location
For Location, Fah Luang Farm & Restaurant is location on Phahon Yothin Road,
Pasang district in Mae Chan Chiang rai on place area about 30 rai. This is nearby the tourist
attractions in Chiang Rai province and easy to accessible for customer.
Figure 4.10: The Location of Fah Luang Fame & Restaurant Building
68
Layout
The area is 30 Rai. Divided into 4 main past are activity yard, Restaurant and Coffee
shop, the shop sell products made from Ostrich and Camping area.
Figure 4.11: The Layout
Details Of location and layout
Name: Far Luang farm & restaurant
Address: 145, M. 6 r Phasang Mae Chan, Chiang Rai,
Phaholyothin road near Doi Tung approximately 5 km.
Telephone: 053-711223
Area: 30 Rai.
Open: Mon – Fai: 9.00-22.00

Sat –Sun: 9.00-24.00
69
Office zone
Desktop PC I
File cabinet
Office desk set
Sofa set
Telephone
Door
Cork board
Restaurant zone
70
(1) Kitchen
Place table gas

stove
Table
Chair
Refrigerator
Freezer
Sink
Disk rack
Plain glass
Door
71
(2) Counter
Worktable
Revolving chair
Door
Plain glass
(3) Coffee shop
Bar
Chair
Door
Freezer
72
Refrigerator
Showcase desserts.
Sink
(4) Toilet
Toilet seat
Restroom
Door
Water close
Plain glass
Washbasin
73
(5) Dining room
Dining table
Chair
(6) Small yard zone
Dining table
Chair
Bush
Grass
Spring let
Tree
74
The products made from Ostrich zone
Shop shelves
Table
Door
Chair
Safe
Cash desk
The activity zone

75
Ostrich farming
area.
Field activity
Horse farming
area
Ostrich riding area
Horse riding area
Bench
Office
Office zone
Toilet
File cabinet
Desk
Office desk
Chair
Tree
Door
76
Toilet
Camping area zone
Toilet zone
Tent
Table
Chair
Campfire
Complimentary rooms
Bed
Residence
77
Toilet
Bathroom
Restroom
Toilet seat
Washbasin
Plain glass
Shower
Water close
Complimentary rooms
TV
Shelf
Table
Chair
78
4.1.4 Tools / Equipments

Office zone
Price per unit Total

No Item Picture Detail Unit
(baht) (baht)
- Table; Office desk melamine surplus, 2

right cupboards
- Dimensions: 120x60x75 cm.
1 Office Desk Set - Chair; Fully cotton and PVC cushioned 1 4,500 4,500
seat and back
- High-impact plastic arms
- Intel Celeron Dual-Core E1200
(1.6 GHz)
2 Desktop PC I - HD: 80 GB (7200rpm) 1 12,490 12,490
- Ram: 256 MB
- Card graphic on board 6 USB 2.0, LAN

port, 56k Modem,17 W CRT Combo
79
Drive,512 MB
- Ringer Volume Control
- 9-station One-Touch
- 10-station Two-Touch
3 Telephone 1 250 250
- Hand-free speaker-phone Flash
Redial
- Electronic hold on
- Cork surface
- Quality wooden frame

4 Cork Board 1 455 455
- Bulletin board W1" x 15mm. thick
wooden frame
- Dimensions: 60x90 cm.
- 25mm thick melamine top
5 File cabinet - Multi-function to stock document 1 2,500 2,500

80
- Red Sofa
- Sofa set into corner
- Table: Film glass top with set

6 Sofa Set 1 3,900 3,900
chrome-plated construction
- 4 small-seat
Total 24,095
Activity zone
Price per
Total
No Item Picture Detail Unit unit
(baht)
(baht)
1 ATV
Brand: motorcycle Other brands.
Extreme 2 29,000 58,000
(Small size) Model: Raptor 110cc.
81
Year: 2009.
(for only one)
Brand: Panther.
ATV Model: 250cc.
Extreme (for 2 peoples)
2
(Middle 2 22,000 44,000
size)
82
Masculine : 5
Ostrich Female: 10
3 15 3,800 57,000
(age about1
Black Neck or African Black
month )
http://www.wanafarm.com/aboutus.php
Thai horse hybrid (Horse HALAY)

Horse
-High: 124 cm
4 (age about 1 2 35,000 70,000
-Fur: brown
year)
http://www.v3farm.com/gallery/main.php?g2_itemId=62
Horse Horse + horse carriage

5 1 52,000 52,000
Carriage
Total 281,000
* Source of horse carriage: http://www.thaionlinemarket.com/productsearch.asp?search=%A2%D2%C2%C3%B6%C1%E9%D2&gid=11&rid=178

83
Restaurant and Coffee zone
No
Price per unit
Item Picture Detail unit (baht) Total
(baht)
Cutlery Stainless Steel 0.5 mm thick, 12
1 Fork pairs kangaroo brand 5 140 700
2 Coffee spoon 1 box per 12spoon 4 75 300
3 Ladle 2 60 120
84
4 Flipper 1 60 60
5 sets knife handle black wood stand +

5 Knife 1 260 260
Color-kit
Pan coated two

6 36 cm 1 350 350
black ears
7 Pan 33/38 cm 1 250 250

85
Square white ceramic plate size 8 "deep

8 Dishes 100 25 2,500
1.5 "
9 Bowl Tall cup of sweet colors, 6 inches 100 30 3,000
10"
10 Steak dishes 50 25 1,250
86
11 Coffee cup Stoneware IVORY cup/saucer 120 43 5,160
Size of glass
12 Glass Mouth glass 6.67 cm.Height 12 cm. 250 14 3,500
Capacity 10 oz. 278 ml.
Rectangular Rectangle Serving

13 3 76 228
serving tray Tray7.8"x12.5"1inche
87
Mixing Bowl Stainless a 18-cm high 7

14 Mixing Bowl cm 0.76 liter capacity versions cost 4 55 220
branded diamonds.
15 Mortar 1 218 218
16 Cooking pot Cooking pot set 18-28 cm zebra 1 3,849 3,849

88
Catering a large set of 32x52x27 cm

(length width height) with food, double
17 Catering sink. This kit includes a hot tub frame, 1 2,500 2,500
water pan, food tray, a 32-cm 2 bowl,
lid and cup Lok Ann Hall with a lid 2
Panasonic Rice Cooker 1.8 Ltr. SR-

18 Rice cooker 1 799 799
TEG18AZ
19 Gas stove 1 3,500 3,500

89
KASHIWA
20 Toaster 1 199 199
YT-01
Made from tamarind fruit 2”

21 Chopping block 1 40 40
LG
22 Microwave 1 1,700 1,700
MS-1842U
90
SAMSUNG
23 Refrigerator 2 45,000 9,000
RS21NLMR (19.3Q)
24 Freezer 1 9,450 9,450
25 Coffee maker FAGOR CR-312 1 6,500 6,500

91
26 Table and chair 1 table and 4 chairs made from wood 12 2,100 2,100
Detail.
Programmable Products Division 99th
Division.
PLU Code 210 standard items, top 1200
list
Save Product Catalog Section 50.
Channel 5 slot coin collection notes 8
27 Cash register channels. 1 12,330 12,330
LCD Display LCD 1 line x 16 character
Calculate tax (VAT) rate auto 4.
Connect USB Interface.
Dimensions (W x H x D) 35.5 x 31.2 x
43 cm
Weight 11 kg
92
28 Telephone - Ringer Volume Control
1 250 250
Redial
29 Thermos - Panasonic NC-NU301P
- Size 346*249
1 2,590 2,590
- Type 32KB JPG
30 Dry Chemical - Warrantee 5 Years
Fire - Description: Common materials
Extinguisher such as paper, wood or most other

1 1,490 1,490
combustibles.
- Fire Rating: 2A 2B , 4A 5B and
6A 20B
93
- Size 10 Lbs.
-Chemical weight 4.50 kg.
-Device weight 3.10 kg.
- Total weight 7.60 kg.
- High 20.00 inch
- Pressure 400 Lbs./inch2
Total 74,413
94
Product made form ostrich zone
No Price per unit

(baht)
- Model: Model Showcase Glass

1 Product Showcase Steel Mart Road.
- Code: POP-34. 2 2,500 3,000
- Dimension: W 110 D 50
2 Product CABINET -Width 80.5 cm Depth 34

1 2,000 2,000
cm Height 188.5 cm.
Total 5,000
95
Hatch eggs zone
No Price per unit

(baht)
1 Ostrich egg hens

(S)
- Capacity eggs: 32 bubble
- Size: W.77 * D.95 * H.80 cm.
1 33,880 33,880
- Weight: 65 kg
2 Ostrich egg hens

(M)
- Capacity eggs: 64 bubble

- Size: W.75 * D.98 * H.143 cm.
1 45,980 45,980
- Weight: 85 kg
Total 79,860
96
Camping area zone

(baht) (baht)
Can to stay 1-2 persons

1 Small tent -1 out of the door 3 650 1,950
-size: wide2.05 m. Length 1.50 m. Height

1.20 m. Weight 2.60 kg.
Can to stay 5-6 persons
-2 out of the door and 2 windows

2 Middle tent -Size: wide 2.13 m. Length 2.50 m. 2 3,700 7,400
Height 1.50m. Weight 5.30 kg.
97
Can stay 8-10 persons.
-2 out of the door and 4 windows
-Size: wide 2.50m. Length 3.50 m. Height

3 Big tent 3 5,350 16,050
1.80 m.
Weight 8.70 kg.
Charcoal grill
4 Grill Size: Wide 0.80 m Length 1.40m Height 2 1,290 2,580
1.50 m. Weight 4.50 kg.
5 Table 1 table and 4 chairs made from wood 2 2,100 4,200

98
Wood table
Table for
6 Size: wide 60cm. Length 60cm. Height 75 1 600 600
stand TV
cm. Weight 3.5kg.
Sharp 21”
7 Television Size: wide 577 cm. Length 468 cm. 1 4,490 4,490
Height 342 cm. Weight 19.5 kg.
99
Dry - Warrantee 5 Years

Chemical
8 - Description: Common materials 1 1,490 1,490
Fire
such as paper, wood or most other
Extinguisher
combustibles.
- Fire Rating: 2A 2B , 4A 5B and
6A 20B
- Size 10 Lbs.
-Chemical weight 4.50 kg.
-Device weight 3.10 kg.
- Total weight 7.60 kg.
- High 20.00 inch
- Pressure 400 Lbs./inch2
Total 38,760
100
Toilet zone

(baht) (baht)
1 N-7529:Casa white Two

Flush toilet 10 1,549 15,490
piece Toilet
COTTO Baron C3080

2 Urinal of men 3 2,200 6,600
white
101
3 STAR S-4345 MELINA

Washbasin 6 900 5,400
white
4 Glass panel MRO15SL 60 x 45 cm. 6 600 3,600
5 TEMPESTA MONO
Ceiling shower 4 1,090 4,360
28212001
Total 35,450
102
Tool/Equipment
Price per units

Zone No. Item Units Total (baht)
(baht)
1 Office desk set 1 4,500 4,500
2 Desktop PC 1 1 12,490 12,490

Office zone
5 File cabinet 1 2,500 2,500
6 Sofa set 1 3,900 3,900
7 ATV Extreme (S) 2 29,000 58,000
8 ATV Extreme (M) 2 22,000 44,000
9 Ostrich (age about1 15 3,800 57,000

month )
Activity zone
10 Horse(age about 1 2 35,00 70,000
year)
11 Horse Carriage 1 52,000 52,000
12 Fork 5 140 700
13 Coffee spoon 4 75 300
14 Ladle 2 60 120
15 Flipper 1 60 60
16 Knife 1 260 260
Restaurant & 17 Pan coater two black 1 350 350

Coffee zone ears
18 Pan 1 250 250
19 Dishes 100 25 2,500

103
20 Bowl 100 30 3,000
22 Coffee cup 120 43 5,160
23 Glass 250 14 3,500
24 Rectangular serving 3 76 228

tray
25 Mixing Bowl 4 55 220
26 Mortar 1 218 218
27 Cooking pot 1 3,849 3,849
28 Catering 1 2,500 2,500
30 Gas stove 1 3,500 3,500
31 Toaster 1 199 199
33 Microwave 1 1,700 1,700
35 Freezer 1 9,450 9,450
36 Coffee maker 1 6,5000 6,500
37 Table and chair 12 2,100 25,200
38 Cash register 1 12,330 12,330
40 Thermos 1 2,590 2,590
41 Dry Chemical Fire 1 1,490 1,490

Extinguisher
Product made 42 Product showcase 1 2,500 2,500

from ostrich
zone 43 Product CABINET 1 2,000 2,000
104
Hatch eggs 44 Ostrich egg hens(S) 1 33,880 33,880

zone 45 Ostrich egg hens (M) 1 45,980 45,980
46 Small tent 3 650 1,950
47 Middle tent 2 3,700 7,400
48 Big tent 3 5,350 16,050
49 Grill 2 1,290 2,580

Camping area
zone 50 Table 2 2,100 4,200
51 Table for stand TV 1 600 600
52 Television 1 4,490 4,490

Extinguisher
54 Flush toilet 10 1,549 15,490
55 Urinal of men 3 2,200 6,600
Toilet zone 56 Washbasin 6 900 5,400
57 Glass panel 6 600 3,600
58 Ceiling shower 4 1,090 4,360
Total equipment cost 561,178

105
Office Supplies

(baht) (baht)
- MU, TAX+ TAX keys keyboard)
- GT key, delete key

Calculator -Dual power: solar and battery 1 450 450
1
-LCD screen shows the number at 14 Main
- Warranty: 1 year
- 0.5 mm.
Pen (Lancer) - Ribbed barrel for skip-free writing 1 box 245 245
2
- Color: blue, red, and black
106
- 22 ml. bottle
- Extra fine point correction tip for extra
Correction Pen precision 2 pack 39 78

3
- Quick-drying and non -clogging
- Super smooth coverage Ozone safe
- Strong, smooth HB lead with eraser
HB Pencil - Easier shaving 1 box 30 30 b

4 - TIS standard of
Eraser -Box of 25 1 box 185 150

5
107
- High quality steel construction
- Compatible with staple no. 10

A4 Paper 1 item 39 39
- Staples up to 18 sheets 50
6
-Staple loaded
- Max 10-1M, for small stapler
Staple - Staples up to 25 sheets 1 pack 95 95
7 - 24 boxes/pack
-Hard cover with graphic pattern and

Folder Corrosion 1 pack 270 270
8
-resistant, Nickel clip for extra durability
108
Post-it Note -Size: 2"x3" 1 pack 53 53

9
-Easy to use.
Glue UHU 8.2gm - Not sloppy. 2 item 29 58

10 - Not making corrugated paper
-50 clips/box Nickel-plate wire clip
- Corrosion
Paper clip 1 pack 75 75
-resistant
11
- 10 boxes/pack
109
- High-quality steel construction
- Compatible with staple no. 10

Stapler 1 box 545 545
12 - Staples up to 18 sheets 50
-Staple loaded
- Quality stainless steel cutter with color

Scissors plastic handle 1 item 35 35
13 - 8.5" Body Orange
- Size: 9mm.
Cutter (Horse - Stainless steel construction with ABS 1 item 26 52

silver) reinforced body
14
- Blade pocket
110
Time Card - Standard Time Card 100/pk 1 pack 120 120

15
Paper Punch -The paper KANGARO drill 2 hole 1 169 169

16
- 8" H
- Corrosion-resistant
Bill Rack 2 25 50
- Steel rack
17
- Standard color
111
- Stainless Ruler 12"
Stainless Ruler - Made from corrosion-resistant 1 35 35

18 - Durable steel
Total 2,549
112
Office supplies for every 1st quarter
No. Item Unit Price/Unit Total
1 Calculator 1 450 450
2 Pen (Lancer) 1 box 245 245
3 Correction Pen 2 pack 39 78
4 HB Pencil 1 box 30 30
5 Eraser 1 box 185 150
6 A4 Paper 1 item 39 39
7 Staple 1 pack 95 95
8 Folder 1 pack 270 270
9 Post-it Note 1 pack 53 53
10 Glue UHU 8.2gm 2 item 29 58
11 Paper clip 1 pack 75 75
12 Stapler 1 box 545 545
13 Scissors 1 item 35 35
14 Cutter (Horse silver) 1 item 26 52
15 Time Card 1 pack 120 120
16 Paper Punch 1 169 169
17 Bill Rack 2 25 50
18 Stainless Ruler 1 35 35
Total 2,549
113
Office supplies for every 2nd, 3rd, and 4th quarter
Total 1,391
Total office supplies cost in each year 3,940

114
4.1.5 Logistic Management
Kongsin Kaiwijit and Srisinfah limited
Figure 4.12: Logistic Management
Nowadays logistics has important of role in driving the business activities

related to planning, procurement, storage and delivery supply chain is integrated
activities that occur in business for data synchronization. The data can be shared from
suppliers to customers to serve the purpose occurred satisfaction by managing
resources appropriately.
Fah Luang Farm and Restaurant use logistic for management of product by
transportation buck ostrich and egg ostrich to factory. Factory will transport the goods
themselves because they have many truck and car to provide service to our farm and
truck of factory good safety our product. Fah Luang Farm and Restaurants’ logistics
start from customer need and our farm want to design many products. After
thatKongsin Kaiwijit and Srisinfah limited modify the goods already. They will send
product to our farm and our farm send product to customer by EMS and call back to
customer about after service.
115
4.1.6 Facility Management
Office zone
Desktop PC I
File cabinet
Office desk set
Sofa set
Telephone
Door
Cork board
116
Office supplies zone

(baht) (baht)
- Table; Office desk melamine surplus, 2

right cupboards
1 Office Desk Set - Chair; Fully cotton and PVC cushioned 1 4,500 4,500
seat and back
- High-impact plastic arms
- Intel Celeron Dual-Core E1200
(1.6 GHz)
- HD: 80 GB (7200rpm)
2 Desktop PC I 1 12,490 12,490
- Ram: 256 MB
- Card graphic on board 6 USB 2.0, LAN

port, 56k Modem,17 W CRT Combo
Drive,512 MB
117
- Ringer Volume Control
Redial
- Cork surface
- Quality wooden frame

- Bulletin board W1" x 15mm. thick
wooden frame
- Dimensions: 60x90 cm.
- 25mm thick melamine top
5 File cabinet - Multi-function to stock document 1 2,500 2,500

118
- Red Sofa
- Sofa set into corner
- Table: Film glass top with set

6 Sofa Set 1 3,900 3,900
chrome-plated construction
- 4 small-seat
Total 24,095
119
4.2 Cost of Investment
4.2.1 Pre – Operating Cost
1) Company’s name signboard / billboard
Figure 4.13: company’s name signboard / billboard
For Fah Luang farm and restaurant’s name and signboard is a specific name.
Logo of company show ostrich stand on green leaves and near word of company’s
name which the logo is similar of natural and environment. Fah Luang farm and
restaurant logo show trust and familiarity for take care and provide services for
customer. Moreover green leaves means natural atmosphere and ostrich show a
specific product of our farm, then logo is easy to remember and understand.
Company’s name signboard would be ordered from CAN DO Partnership

Advertising company. There are operate about type of media, Event, Cut-out labels,
text boxes, vinyl, light box signs, bus ads and screen which the location of company is
139 / 3 Moo 19, Ban Rai Road, Tambon Wiang, Muang, Chiang Rai 57000 Tel: 053-
748556,0864200840,Fax:053601153to14,email:cando_advertising@hotmail.comcand
o_advertising@yahoo.com which signboard of our farm use for outdoor signboard,
long lasting for 5-7 years according to the sun light and the rain. The total size
including background is about 1.5 maters high and 5 meters for wide. The front is
settled for 1 mater high. Total company’s name signboard is 5 meters wide. The price
for company’s name signboards is 10,000 baht include installation service.
120
2) Company’s name signboard tax
Signboard is means board to show the name, people and animals which used
in commercial operations and advertising or activities to earn money and other
revenue. Whether it is ads to show on sign and logo of our farm is made in Thai and
English language including picture. Thus we paid for tax ads and signboard is 200
baht.
3) Document for signboard tax payment
For new installation signboard, the documents for tax payer are as follow:
1) Personal identity card
2) Copy of Household Registration
3) VAT Registration
4) Certificate of partnership
5) License tag, or install a receipt from signboard maker shop
4) Rubber stamp
Figure 4.14: Rubber stamp
For rubber stamp it is required as a significant sign when for register for
Juristic Person. This rubber stamp is the sign to show the right, privilege and
responsibilities of Fah Luang farm and restaurant and can use stamp on important
document in the sign mane of our farm. For this rubber stamp Seksan shop techniques
mobile phone number: 089-789 1223, 02-802 3844 Address: 24 Road Kanlapaphruek
Bangwa Phasicchareon Bangkok. In the rubber stamp is including the name of our
farm as “Fah Luang and restaurant” show the customer or seeing person as our brand
to easy to remember. The size of this stamp is 22x55 mm and cost is 130 baht per
each.
121
5) Registration
5.1 Types of Business Organizations
Our farm is registration in company limited by our farm have 5 shareholders.

We separate money of investment for each shareholder which divide the value per
share is equally.
5.2 Company Limited Registration
The company’s name is Fah Luang and restaurant, which the location on
address 145, Phaholyothin Road near Doi Tung approximately 5 km Moo 6 Phasang,
Mae Chan district, Chiang Rai province 57110.
Promoters
Our farm register the company limited by have the promoter at least 3 person
to sign and registration together. The promoters must be individuals (not juristic
person) which who have age over 20 years old and older than. They must be to sign
documentation during the registration process. In the registration we contract with
Office of Commercial Affairs Chiang Rai Office to sign and register company limited.
The process and the memorandum registration fee is 50 baht per 100,000 baht
of registered capital. The minimum fee is 500 baht and the maximum fee is 25,000
baht. Although there are no minimum capital requirements, the amount of capital
should be respectable and adequate for the intended business operation. For register
for company limited’s establishment fee is 500 baht per 100,000 baht of registered
capital. The minimum fee is 500 baht and the maximum fee is 25,000.For Idea Plus,
total fee for memorandum and company limited registration is 1,750 baht.
(The fee rate for registering company limited is in appendix)

122
The company's objectives:
- Provide the best quality service and the new design the business sustainable
for the customer.
- To take care likes friendly in long- term relationship and develop and discover
many new perspectives together in services.
Total capital investment: is 1,500,000 baht
6) Benefit Divided
For stakeholders and investors in Fah Luang farm and restaurant will benefit
from this investment. These people will get benefit return from investment that will
come from income of our farm. Our farm separates the income in to 3 parts which the
first is for principle and 15% interest investors. After pay interest for investor the
money will be allocated 35% for promoters or shareholders equally and another 45%
is for farm and restaurant to maintain liquidity in invest in next year in company.
7) Telephone and internet installation
For telephone, we contact with TT & T Center in Sri sai moon, Chiang Rai for
installation. The TT&T office is located at 110/3 Moo11 Nongbua Road, Robciang
Sub-District, Muang Distric, Chiang rai Telephone number at the office is 0-5374-
7003-4,
Detail Price (baht)
Cost of setting from telephone exchange to Telephone arrester 3,290

Box
VAT 7% 230.3
Costs of Telephone Arrester Box 100
Costs of install internal electric line in the building 300
Total 3,920
123
8) Internet installation
For internet, use the service and installed the internet by TT & T which serve
Maxnet Broadband Internet at center service in Sri sai moon, Chiang Rai for
installation. The TT&T office is located at 110/3 Moo11 Nongbua Road, Robciang
Sub-District, Muang Distric, Chiang rai Telephone number at the office is 0-5374-
7003-4, similar to installation of the phone call.
The internet package that we choose is 3BB Indy- Indy 4 Mb. Speed is
4096/512 kbps and the price is 590 baht per month (not include VAT). For this
package, there are no fees for register; installation; arrester tools and installation
internal electric line, all of these are free but need for 1 month prepaid.
Total Pre-Operating Cost
No. Detail Price (baht)
1 Company’s signboard 10,000
2 Signboard tax 200
3 Telephone installation 3,920
4 Internet installation* -
Total 14,120
* No installation fee but need 1 month prepaid which is 590 baht per month plus
VAT 7%, thus equal to 631.30 baht.

124
Utility expense
TT&T internet and telephone expense/month
Telephone expense = 850.00 baht/month
Internet expense (include VAT) = 631.30 baht/month
Maintenance costs = 100.00 baht/month
Total = 1,581.30 baht/month

125
4.3 Investment Cost
4.3.1 Building Decoration
• Exterior and interior paint for building
Figure 4.15: Bright Green E/EN343 (S.P.)
The exterior of building is painted by TOA Shild-1, super premium grade

100% pure acrylic emulsion paint. Color code is (510 baht/gallon). The total area that
needs to be painted both exterior and interior is approximately 456 square meters. For
one gallon of color can paint for 32-38 square meters. Thus the color that need for
painting is about 12 gallons. The color ordered from Cement Thai Homemart Chiang
Rai, located at 141 Moo.25, Rowieng Sub-District, Muang District, Chiang Rai.
Telephone numbers are 0-5371-1523, 0-5371-2027. The wage for painting is 25 baht
per square meter. Total area is 456 square meters. Thus the wage is 11,400 baht.
• Tile
Figure 4.16: Cream Ivory Nano 60*60

126
For the floor of Fah Luang farm and restaurant building is tiling with. The size
of tile is 60×60 centimeter and price of tile is 169 baht per square meter. The
total area for tiling is approximately 165 square meters. Thus, total cost for the tile is
27,885 baht. The tile ordered from Cement Thai Homemart Chiang Rai, located at
141 Moo.25, Rob-wieng Sub-District, Muang District, and Chiang Rai. The wage for
tiling is 80 baht/ square meter. Thus, total cost for wage is 13,200 baht.
Decoration Cost
Color cost 6,120
Wage for painting 11,400
Tile 27,885
Wage for tiling 13,200
Total 58,605
Tool/Equipment
Price per units Total

Zone No. Item Units
(baht) (baht)
1 Office desk set 1 4,500 4,500
2 Desktop PC 1 1 12,490 12,490

Office zone
5 File cabinet 1 2,500 2,500
6 Sofa set 1 3,900 3,900
Activity zone 7 ATV Extreme (S) 2 29,000 58,000

127
8 ATV Extreme (M) 2 22,000 44,000
9 Ostrich (age about1 15 3,800 57,000

month )
10 Horse(age about 1 2 35,00 70,000

year)
11 Horse Carriage 1 52,000 52,000
12 Fork 5 140 700
13 Coffee spoon 4 75 300
14 Ladle 2 60 120
15 Flipper 1 60 60
16 Knife 1 260 260
17 Pan coater two 1 350 350

black ears
18 Pan 1 250 250
19 Dishes 100 25 2,500
20 Bowl 100 30 3,000

Restaurant &
22 Coffee cup 120 43 5,160
Coffee zone
23 Glass 250 14 3,500
24 Rectangular serving 3 76 228

tray
25 Mixing Bowl 4 55 220
26 Mortar 1 218 218
27 Cooking pot 1 3,849 3,849
28 Catering 1 2,500 2,500

128
30 Gas stove 1 3,500 3,500
31 Toaster 1 199 199
33 Microwave 1 1,700 1,700
35 Freezer 1 9,450 9,450
36 Coffee maker 1 6,5000 6,500
37 Table and chair 12 2,100 25,200
38 Cash register 1 12,330 12,330
40 Thermos 1 2,590 2,590

Extinguisher
Product 42 Product showcase 1 2,500 2,500

made from
ostrich zone 43 Product CABINET 1 2,000 2,000
44 Ostrich egg hens(S) 1 33,880 33,880

Hatch eggs
zone 45 Ostrich egg hens 1 45,980 45,980
(M)
46 Small tent 3 650 1,950
47 Middle tent 2 3,700 7,400
48 Big tent 3 5,350 16,050
Camping 49 Grill 2 1,290 2,580

area zone 50 Table 2 2,100 4,200
51 Table for stand TV 1 600 600
52 Television 1 4,490 4,490

129
Extinguisher
54 Flush toilet 10 1,549 15,490
55 Urinal of men 3 2,200 6,600
Toilet zone 56 Washbasin 6 900 5,400
57 Glass panel 6 600 3,600
58 Ceiling shower 4 1,090 4,360
Total equipment cost 561,178
4.3.3 Office supplies for every 1st quarter


130
Total 2,549
Office supplies for every 2nd, 3rd, and 4th quarter
Total 1,391
131
No. Detail Cost
1 Building adjustment and decoration 58,605
2 Tools and equipments 561,178
3 Office supplies 3,940
Total 623,723
132
Depreciation
Price per Depreciation

Zone No. Item Units unit (Baht) Total Cost (Year) Depreciation Depreciation
1 Office desk set 1 4,500 4,500 5 900.00 75.00
2 Desktop PC1 1 12,490 12,490 3 4,163.33 346.94
3 Telephone 1 250 250 5 50.00 4.17

Office zone
4 Cork Board 1 455 455 5 91.00 7.58
5 File cabinet 1 2,500 2,500 5 500.00 41.67
6 Sofa set 1 3,900 3,900 5 780.00 65.00
7 ATV Extreme (S) 2 29,000 58,000 5 11,600.00 966.67

Activity zone
8 ATV Extreme (M) 2 22,000 44,000 5 8,800.00 733.33
9 Fork 5 140 700 5 140.00 11.67

Restaurant 10 Coffee spoon 4 75 300 5 60.00 5.00
& Coffee
zone 11 Ladle 2 60 120 5 24.00 2.00
12 Flipper 1 60 60 5 12.00 1.00

133
13 Knife 1 260 260 5 52.00 4.33
Pan coater two black 1 350 350

14 ears 5 70.00 5.83
15 Pan 1 250 250 5 50.00 4.17
16 Dishes 100 25 2,500 5 500.00 41.67
17 Bowl 100 30 3,000 5 600.00 50.00
18 Steak dishes 50 25 1,250 5 250.00 20.83
19 Coffee cup 120 43 5,160 5 1,032.00 86.00
20 Glass 250 14 3,500 5 700.00 58.33
Rectangular serving 3 76 228

21 tray 5 45.60 3.80
22 Mixing Bowl 4 55 220 5 44.00 3.67
23 Mortar 1 218 218 5 43.60 3.63
24 Cooking pot 1 3,849 3,849 5 769.80 64.15
25 Catering 1 2,500 2,500 5 500.00 41.67
26 Rice cooker 1 799 799 5 159.80 13.32

134
27 Gas stove 1 3,500 3,500 5 700.00 58.33
28 Toaster 1 199 199 5 39.80 3.32
29 Chopping block 1 40 40 5 8.00 0.67
30 Microwave 1 1,700 1,700 5 340.00 28.33
31 Refrigerator 2 45,000 9,000 5 1,800.00 150.00
32 Freezer 1 9,450 9,450 5 1,890.00 157.50
33 Coffee maker 1 6,500 6,500 5 1,300.00 108.33
34 Table and chair 12 2,100 25,200 5 5,040.00 420.00
35 Cash register 1 12,330 12,330 5 2,466.00 205.50
36 Telephone 1 250 250 5 50.00 4.17
37 Thermos 1 2,590 2,590 5 518.00 43.17
Dry Chemical Fire 1 1,490 1,490

38 Extinguisher 5 298.00 24.83
Product 39 Product showcase 1 2,500 2,500 5 500.00 41.67

made from
ostrich zone 40 Product CABINET 1 2,000 2,000 5 400.00 33.33
Hatch eggs 41 Ostrich egg hens(S) 1 33,880 33,880 5 6,776.00 564.67

135
zone 42 Ostrich egg hens (M) 1 45,980 45,980 5 9,196.00 766.33
43 Small tent 3 650 1,950 5 390.00 32.50
44 Middle tent 2 3,700 7,400 5 1,480.00 123.33
45 Big tent 3 5,350 16,050 5 3,210.00 267.50
46 Grill 2 1,290 2,580 5 516.00 43.00

Camping
area zone 47 Table 2 2,100 4,200 5 840.00 70.00
48 Table for stand TV 1 600 600 5 120.00 10.00
49 Television 1 4,490 4,490 5 898.00 74.83
Dry Chemical Fire 1 1,490 1,490

50 Extinguisher 5 298.00 24.83
51 Flush toilet 10 1,549 15,490 5 3,098.00 258.17
52 Urinal of men 3 2,200 6,600 5 1,320.00 110.00
Toilet zone 53 Washbasin 6 900 5,400 5 1,080.00 90.00
54 Glass panel 6 600 3,600 5 720.00 60.00
55 Ceiling shower 4 1,090 4,360 5 872.00 72.67
Total 382,178 78,100.93 6,508.41

136
Depreciation Year1
Total
Zone No Item Cost Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Office desk
1 set 4,500 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 900.00
Office Desktop
zone 2 PC1 12,490 346.94 346.94 346.94 346.94 346.94 346.94 346.94 346.94 346.94 346.94 346.94 346.94 4,163.33
3 Telephone 250 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 50.00
4 Cork Board 455 7.58 7.58 7.58 7.58 7.58 7.58 7.58 7.58 7.58 7.58 7.58 7.58 91.00
5 File cabinet 2,500 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 500.00
6 Sofa set 3,900 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 780.00
ATV
7 Extreme (S) 58,000 966.67 966.67 966.67 966.67 966.67 966.67 966.67 966.67 966.67 966.67 966.67 966.67 11,600.00
Activity
zone ATV
Extreme
8 (M) 44,000 733.33 733.33 733.33 733.33 733.33 733.33 733.33 733.33 733.33 733.33 733.33 733.33 8,800.00
137
9 Fork 700 11.67 11.67 11.67 11.67 11.67 11.67 11.67 11.67 11.67 11.67 11.67 11.67 140.00
Coffee
Restaur
10 spoon 300 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 60.00
ant &
Coffee
zone 11 Ladle 120 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 24.00
60
12 Flipper 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 12.00
Knife 260
13 4.33 4.33 4.33 4.33 4.33 4.33 4.33 4.33 4.33 4.33 4.33 4.33 52.00
Pan coater
two black 350 5.83 5.83 5.83 5.83 5.83 5.83 5.83 5.83 5.83 5.83 5.83 5.83 70.00
14 ears
Pan 250
15 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 50.00
Dishes 2,500
16 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 500.00
Bowl 3,000
17 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 600.00
Steak 1,250
18 dishes 20.83 20.83 20.83 20.83 20.83 20.83 20.83 20.83 20.83 20.83 20.83 20.83 250.00
19 Coffee cup 5,160 86.00 86.00 86.00 86.00 86.00 86.00 86.00 86.00 86.00 86.00 86.00 86.00 1,032.00
138
Glass 3,500
20 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 700.00
Rectangular
21 serving tray 228 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 45.60
Mixing
22 Bowl 220 3.67 3.67 3.67 3.67 3.67 3.67 3.67 3.67 3.67 3.67 3.67 3.67 44.00
Mortar
23 218 3.63 3.63 3.63 3.63 3.63 3.63 3.63 3.63 3.63 3.63 3.63 3.63 43.60
Cooking
24 pot 3,849 64.15 64.15 64.15 64.15 64.15 64.15 64.15 64.15 64.15 64.15 64.15 64.15 769.80
Catering
25 2,500 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 500.00
Rice cooker
26 799 13.32 13.32 13.32 13.32 13.32 13.32 13.32 13.32 13.32 13.32 13.32 13.32 159.80
Gas stove
27 3,500 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 700.00
Toaster
28 199 3.32 3.32 3.32 3.32 3.32 3.32 3.32 3.32 3.32 3.32 3.32 3.32 39.80
Chopping
29 block 40 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 8.00
Microwave
30 1,700 28.33 28.33 28.33 28.33 28.33 28.33 28.33 28.33 28.33 28.33 28.33 28.33 340.00
139
Refrigerator
31 9,000 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 1,800.00
Freezer
32 9,450 157.50 157.50 157.50 157.50 157.50 157.50 157.50 157.50 157.50 157.50 157.50 157.50 1,890.00
Coffee
33 maker 6,500 108.33 108.33 108.33 108.33 108.33 108.33 108.33 108.33 108.33 108.33 108.33 108.33 1,300.00
Table and
34 chair 25,200 420.00 420.00 420.00 420.00 420.00 420.00 420.00 420.00 420.00 420.00 420.00 420.00 5,040.00
Cash
35 register 12,330 205.50 205.50 205.50 205.50 205.50 205.50 205.50 205.50 205.50 205.50 205.50 205.50 2,466.00
Telephone
36 250 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 4.17 50.00
Thermos
37 2,590 43.17 43.17 43.17 43.17 43.17 43.17 43.17 43.17 43.17 43.17 43.17 43.17 518.00
38 Dry
Chemical
1,490 24.83 24.83 24.83 24.83 24.83 24.83 24.83 24.83 24.83 24.83 24.83 24.83 298.00
Fire
Extinguisher
Product
made
Product
from 39 2,500 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 41.67 500.00
showcase
ostrich
zone
140
Product
40 CABINET 2,000 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.33 33.33 400.00
Hatch Ostrich egg

eggs 41 hens(S) 33,880 564.67 564.67 564.67 564.67 564.67 564.67 564.67 564.67 564.67 564.67 564.67 564.67 6,776.00
zone
Ostrich egg
42 hens (M) 45,980 766.33 766.33 766.33 766.33 766.33 766.33 766.33 766.33 766.33 766.33 766.33 766.33 9,196.00
Small tent
43 1,950 32.50 32.50 32.50 32.50 32.50 32.50 32.50 32.50 32.50 32.50 32.50 32.50 390.00
Middle tent
Campin
44 7,400 123.33 123.33 123.33 123.33 123.33 123.33 123.33 123.33 123.33 123.33 123.33 123.33 1,480.00
g area
zone Big tent
45 16,050 267.50 267.50 267.50 267.50 267.50 267.50 267.50 267.50 267.50 267.50 267.50 267.50 3,210.00
Grill
46 2,580 43.00 43.00 43.00 43.00 43.00 43.00 43.00 43.00 43.00 43.00 43.00 43.00 516.00
Table
47 4,200 70.00 70.00 70.00 70.00 70.00 70.00 70.00 70.00 70.00 70.00 70.00 70.00 840.00
48 Table for
stand TV 600 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 120.00
49 Television
4,490 74.83 74.83 74.83 74.83 74.83 74.83 74.83 74.83 74.83 74.83 74.83 74.83 898.00
50 Dry
1,490 24.83 24.83 24.83 24.83 24.83 24.83 24.83 24.83 24.83 24.83 24.83 24.83 298.00
Chemical
Fire
141
Extinguisher
Flush toilet
51 15,490 258.17 258.17 258.17 258.17 258.17 258.17 258.17 258.17 258.17 258.17 258.17 258.17 3,098.00
Toilet Urinal of
zone 52 men 6,600 110.00 110.00 110.00 110.00 110.00 110.00 110.00 110.00 110.00 110.00 110.00 110.00 1,320.00
Washbasin
53 5,400 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 1,080.00
Glass panel
54 3,600 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 720.00
Ceiling
55 shower 4,360 72.67 72.67 72.67 72.67 72.67 72.67 72.67 72.67 72.67 72.67 72.67 72.67 872.00
Total 6,508.41 6,508.41 6,508.41 6,508.41 6,508.41 6,508.41 6,508.41 6,508.41 6,508.41 6,508.41 6,508.41 6,508.41 78,100.93
142
Depreciation Year 2
Zone No. Item Units Total Cost Depre (Annually) Accu Depre Savage value
1 Office desk set 1 4,500 900.00 1,800.00 2,700.00
Office zone 2 Desktop PC1 1 12,490 4,163.33 8,326.66 4,163.34
3 Telephone 1 250 50.00 100.00 150.00
4 Cork Board 1 455 91.00 182.00 273.00
5 File cabinet 1 2,500 500.00 1,000.00 1,500.00
3,900 780.00 1,560.00 2,340.00

6 Sofa set 1
Activity zone 7 ATV Extreme (S) 2 58,000 11,600.00 23,200.00 34,800.00
8 ATV Extreme (M) 2 44,000 8,800.00 17,600.00 26,400.00
9 Fork 5 700 140.00 280.00 420.00

Restaurant & Coffee
zone 10 Coffee spoon 4 300 60.00 120.00 180.00
11 Ladle 2 120 24.00 48.00 72.00
12 Flipper 1 60 12.00 24.00 36.00

143
13 Knife 1 260 52.00 104.00 156.00
14 Pan coater two black ears 1 350 70.00 140.00 210.00
15 Pan 1 250 50.00 100.00 150.00
16 Dishes 100 2,500 500.00 1,000.00 1,500.00
17 Bowl 100 3,000 600.00 1,200.00 1,800.00
18 Steak dishes 50 1,250 250.00 500.00 750.00
19 Coffee cup 120 5,160 1,032.00 2,064.00 3,096.00
20 Glass 250 3,500 700.00 1,400.00 2,100.00
Rectangular serving tray 3 228 45.60 91.20 136.80

21
22 Mixing Bowl 4 220 44.00 88.00 132.00
23 Mortar 1 218 43.60 87.20 130.80
24 Cooking pot 1 3,849 769.80 1,539.60 2,309.40
25 Catering 1 2,500 500.00 1,000.00 1,500.00
26 Rice cooker 1 799 159.80 319.60 479.40
Gas stove 1 3,500 700.00 1,400.00 2,100.00

27
144
28 Toaster 1 199 39.80 79.60 119.40
29 Chopping block 1 40 8.00 16.00 24.00
30 Microwave 1 1,700 340.00 680.00 1,020.00
31 Refrigerator 2 9,000 1,800.00 3,600.00 5,400.00
32 Freezer 1 9,450 1,890.00 3,780.00 5,670.00
33 Coffee maker 1 6,500 1,300.00 2,600.00 3,900.00
34 Table and chair 12 25,200 5,040.00 10,080.00 15,120.00
35 Cash register 1 12,330 2,466.00 4,932.00 7,398.00
36 Telephone 1 250 50.00 100.00 150.00
37 Thermos 1 2,590 518.00 1,036.00 1,554.00
Dry Chemical Fire 1

1,490 298.00 596.00 894.00
38 Extinguisher
Product made from 39 Product showcase 1 2,500 500.00 1,000.00 1,500.00

ostrich zone
1
2,000 400.00 800.00 1,200.00
40 Product CABINET
Hatch eggs zone 41 Ostrich egg hens(S) 1 33,880 6,776.00 13,552.00 20,328.00
145
42 Ostrich egg hens (M) 1 45,980 9,196.00 18,392.00 27,588.00
43 Small tent 3 1,950 390.00 780.00 1,170.00

Camping area zone
44 Middle tent 2 7,400 1,480.00 2,960.00 4,440.00
45 Big tent 3 16,050 3,210.00 6,420.00 9,630.00
46 Grill 2 2,580 516.00 1,032.00 1,548.00
47 Table 2 4,200 840.00 1,680.00 2,520.00
48 Table for stand TV 1 600 120.00 240.00 360.00
49 Television 1 4,490 898.00 1,796.00 2,694.00
Dry Chemical Fire 1

1,490 298.00 596.00 894.00
50 Extinguisher
Toilet zone 51 Flush toilet 10 15,490 3,098.00 6,196.00 9,294.00
52 Urinal of men 3 6,600 1,320.00 2,640.00 3,960.00
53 Washbasin 6 5,400 1,080.00 2,160.00 3,240.00
54 Glass panel 6 3,600 720.00 1,440.00 2,160.00
55 Ceiling shower 4 4,360 872.00 1,744.00 2,616.00
Total 382,178 78,100.93 156,201.86 225,976.14

146
Depreciation Year 3
Total Depre
Zone No. Item Units Cost (Annually) Accu Depre Savage value
Office zone 1 Office desk set 1 4,500 900.00 2,700.00 1,800.00
2 Desktop PC1 1 12,490 4,163.33 12,489.99 0.01
3 Telephone 1 250 50.00 150.00 100.00
4 Cork Board 1 455 91.00 273.00 182.00
5 File cabinet 1 2,500 500.00 1,500.00 1,000.00
6 Sofa set 1 3,900 780.00 2,340.00 1,560.00
8 ATV Extreme (M) 2 44,000 8,800.00 26,400.00 17,600.00
9 Fork 5 700 140.00 420.00 280.00

Restaurant & Coffee
zone 10 Coffee spoon 4 300 60.00 180.00 120.00
11 Ladle 2 120 24.00 72.00 48.00
12 Flipper 1 60 12.00 36.00 24.00

147
13 Knife 1 260 52.00 156.00 104.00
14 Pan coater two black ears 1 350 70.00 210.00 140.00
15 Pan 1 250 50.00 150.00 100.00
16 Dishes 100 2,500 500.00 1,500.00 1,000.00
17 Bowl 100 3,000 600.00 1,800.00 1,200.00
18 Steak dishes 50 1,250 250.00 750.00 500.00
19 Coffee cup 120 5,160 1,032.00 3,096.00 2,064.00
20 Glass 250 3,500 700.00 2,100.00 1,400.00
21 Rectangular serving tray 3 228 45.60 136.80 91.20
22 Mixing Bowl 4 220 44.00 132.00 88.00
23 Mortar 1 218 43.60 130.80 87.20
24 Cooking pot 1 3,849 769.80 2,309.40 1,539.60
25 Catering 1 2,500 500.00 1,500.00 1,000.00
26 Rice cooker 1 799 159.80 479.40 319.60

148
27 Gas stove 1 3,500 700.00 2,100.00 1,400.00
28 Toaster 1 199 39.80 119.40 79.60
29 Chopping block 1 40 8.00 24.00 16.00
30 Microwave 1 1,700 340.00 1,020.00 680.00
31 Refrigerator 2 9,000 1,800.00 5,400.00 3,600.00
32 Freezer 1 9,450 1,890.00 5,670.00 3,780.00
33 Coffee maker 1 6,500 1,300.00 3,900.00 2,600.00
34 Table and chair 12 25,200 5,040.00 15,120.00 10,080.00
35 Cash register 1 12,330 2,466.00 7,398.00 4,932.00
36 Telephone 1 250 50.00 150.00 100.00
37 Thermos 1 2,590 518.00 1,554.00 1,036.00
38 Dry Chemical Fire Extinguisher 1 1,490 298.00 894.00 596.00
Product made from 39 Product showcase 1 2,500 500.00 1,500.00 1,000.00

ostrich zone
Product CABINET 1 2,000 400.00 1,200.00 800.00
40
149
Camping area zone 43 Small tent 3 1,950 390.00 1,170.00 780.00
44 Middle tent 2 7,400 1,480.00 4,440.00 2,960.00
45 Big tent 3 16,050 3,210.00 9,630.00 6,420.00
46 Grill 2 2,580 516.00 1,548.00 1,032.00
47 Table 2 4,200 840.00 2,520.00 1,680.00
49 Television 1 4,490 898.00 2,694.00 1,796.00
50 Dry Chemical Fire Extinguisher 1 1,490 298.00 894.00 596.00
52 Urinal of men 3 6,600 1,320.00 3,960.00 2,640.00
53 Washbasin 6 5,400 1,080.00 3,240.00 2,160.00
54 Glass panel 6 3,600 720.00 2,160.00 1,440.00
55 Ceiling shower 4 4,360 872.00 2,616.00 1,744.00
Total 382,178 78,100.93 234,302.79 147,875.21

150
Depreciation Year 4
Office zone 1 Office desk set 1 4,500 900.00 3,600.00 900.00
2 Desktop PC1 1 12,490 - 0 0
3 Telephone 1 250 50.00 200.00 50.00
4 Cork Board 1 455 91.00 364.00 91.00
5 File cabinet 1 2,500 500.00 2,000.00 500.00
6 Sofa set 1 3,900 780.00 3,120.00 780.00
8 ATV Extreme (M) 2 44,000 8,800.00 35,200.00 8,800.00
Restaurant & Coffee zone 9 Fork 5 700 140.00 560.00 140.00
10 Coffee spoon 4 300 60.00 240.00 60.00
11 Ladle 2 120 24.00 96.00 24.00
12 Flipper 1 60 12.00 48.00 12.00

151
13 Knife 1 260 52.00 208.00 52.00
Pan coater two black 1

350 70.00 280.00 70.00
14 ears
15 Pan 1 250 50.00 200.00 50.00
16 Dishes 100 2,500 500.00 2,000.00 500.00
17 Bowl 100 3,000 600.00 2,400.00 600.00
18 Steak dishes 50 1,250 250.00 1,000.00 250.00
19 Coffee cup 120 5,160 1,032.00 4,128.00 1,032.00
20 Glass 250 3,500 700.00 2,800.00 700.00
Rectangular serving 3
228 45.60 182.40 45.60
21 tray
22 Mixing Bowl 4 220 44.00 176.00 44.00
23 Mortar 1 218 43.60 174.40 43.60
24 Cooking pot 1 3,849 769.80 3,079.20 769.80
25 Catering 1 2,500 500.00 2,000.00 500.00
26 Rice cooker 1 799 159.80 639.20 159.80

152
27 Gas stove 1 3,500 700.00 2,800.00 700.00
28 Toaster 1 199 39.80 159.20 39.80
29 Chopping block 1 40 8.00 32.00 8.00
30 Microwave 1 1,700 340.00 1,360.00 340.00
31 Refrigerator 2 9,000 1,800.00 7,200.00 1,800.00
32 Freezer 1 9,450 1,890.00 7,560.00 1,890.00
33 Coffee maker 1 6,500 1,300.00 5,200.00 1,300.00
34 Table and chair 12 25,200 5,040.00 20,160.00 5,040.00
35 Cash register 1 12,330 2,466.00 9,864.00 2,466.00
36 Telephone 1 250 50.00 200.00 50.00
37 Thermos 1 2,590 518.00 2,072.00 518.00
Dry Chemical Fire 1

1,490 298.00 1,192.00 298.00
38 Extinguisher
Product made from ostrich zone 39 Product showcase 1 2,500 500.00 2,000.00 500.00
40 Product CABINET 1 2,000 400.00 1,600.00 400.00
153
Camping area zone 43 Small tent 3 1,950 390.00 1,560.00 390.00
44 Middle tent 2 7,400 1,480.00 5,920.00 1,480.00
45 Big tent 3 16,050 3,210.00 12,840.00 3,210.00
46 Grill 2 2,580 516.00 2,064.00 516.00
47 Table 2 4,200 840.00 3,360.00 840.00
49 Television 1 4,490 898.00 3,592.00 898.00
Dry Chemical Fire

1 1,490 298.00 1,192.00 298.00
50 Extinguisher
52 Urinal of men 3 6,600 1,320.00 5,280.00 1,320.00
53 Washbasin 6 5,400 1,080.00 4,320.00 1,080.00
54 Glass panel 6 3,600 720.00 2,880.00 720.00
55 Ceiling shower 4 4,360 872.00 3,488.00 872.00
Total 382,178 73,937.60 295,750.40 73,937.60

154
Depreciation Year 5
Office zone 1 Office desk set 1 4,500 900.00 4,500.00 -
2 Desktop PC1 1 12,490 - 0 0
3 Telephone 1 250 50.00 250.00 -
4 Cork Board 1 455 91.00 455.00 -
5 File cabinet 1 2,500 500.00 2,500.00 -
6 Sofa set 1 3,900 780.00 3,900.00 -
Activity zone 7 ATV Extreme (S) 2 58,000 11,600.00 58,000.00 -
8 ATV Extreme (M) 2 44,000 8,800.00 44,000.00 -
Restaurant & Coffee zone 9 Fork 5 700 140.00 700.00 -
10 Coffee spoon 4 300 60.00 300.00 -
11 Ladle 2 120 24.00 120.00 -
12 Flipper 1 60 12.00 60.00 -
13 Knife 1 260 52.00 260.00 -

155
14 Pan coater two black ears 1 350 70.00 350.00 -
15 Pan 1 250 50.00 250.00 -
16 Dishes 100 2,500 500.00 2,500.00 -
17 Bowl 100 3,000 600.00 3,000.00 -
18 Steak dishes 50 1,250 250.00 1,250.00 -
19 Coffee cup 120 5,160 1,032.00 5,160.00 -
20 Glass 250 3,500 700.00 3,500.00 -
21 Rectangular serving tray 3 228 45.60 228.00 -
22 Mixing Bowl 4 220 44.00 220.00 -
23 Mortar 1 218 43.60 218.00 -
24 Cooking pot 1 3,849 769.80 3,849.00 -
25 Catering 1 2,500 500.00 2,500.00 -
26 Rice cooker 1 799 159.80 799.00 -
27 Gas stove 1 3,500 700.00 3,500.00 -
28 Toaster 1 199 39.80 199.00 -

156
29 Chopping block 1 40 8.00 40.00 -
30 Microwave 1 1,700 340.00 1,700.00 -
31 Refrigerator 2 9,000 1,800.00 9,000.00 -
32 Freezer 1 9,450 1,890.00 9,450.00 -
33 Coffee maker 1 6,500 1,300.00 6,500.00 -
34 Table and chair 12 25,200 5,040.00 25,200.00 -
35 Cash register 1 12,330 2,466.00 12,330.00 -
36 Telephone 1 250 50.00 250.00 -
37 Thermos 1 2,590 518.00 2,590.00 -
Dry Chemical Fire

38 1 1,490 298.00 1,490.00 -
Extinguisher
Product made from ostrich zone 39 Product showcase 1 2,500 500.00 2,500.00 -
40 Product CABINET 1 2,000 400.00 2,000.00 -
Hatch eggs zone 41 Ostrich egg hens(S) 1 33,880 6,776.00 33,880.00 -
42 Ostrich egg hens (M) 1 45,980 9,196.00 45,980.00 -
Camping area zone 43 Small tent 3 1,950 390.00 1,950.00 -

157
44 Middle tent 2 7,400 1,480.00 7,400.00 -
45 Big tent 3 16,050 3,210.00 16,050.00 -
46 Grill 2 2,580 516.00 2,580.00 -
47 Table 2 4,200 840.00 4,200.00 -
48 Table for stand TV 1 600 120.00 600.00 -
49 Television 1 4,490 898.00 4,490.00 -
Dry Chemical Fire

50 1 1,490 298.00 1,490.00 -
Extinguisher
Toilet zone 51 Flush toilet 10 15,490 3,098.00 15,490.00 -
52 Urinal of men 3 6,600 1,320.00 6,600.00 -
53 Washbasin 6 5,400 1,080.00 5,400.00 -
54 Glass panel 6 3,600 720.00 3,600.00 -
55 Ceiling shower 4 4,360 872.00 4,360.00 -
Total 382,178 73,937.60 369,688.00 0

158
4.4 Management Analysis
- Administration cost
Fah Luang farm and restaurant separates administration cost or expense by

distribution to the expense either organization in total. An administration cost of our
farm includes as a list of the following: Salaries and wages cost other and the food of
the horse and ostrich.
The cost of the individual work activities may distributed to the each institute
based on the method that is most appropriate to work activity involved with the cost
of the work activity “personal” might be the distributed based the work other, while
the work activity “executive policy and planning” might be the best distributed based
on the total cost.
 The employee’s number in the farm
1. General Manager
2. Hunan Resources Management Department
3. Financial Accounting Department
4. Market department
5. Chef
6. Employee’s hostler
7. Employee’s Ostrich
8. Camping caretaker
9. House keeper
159
4.4.1 Organization management

Fah Luang farm and restaurant, we work as family and make relationship in
our farm.
We provide activities together among employees in farm and restaurant such as have
lunch together, have a party and we also provide social security insurance for our
employees.
Moreover we support employees to concern about Thai and foreign culture.

Thus, Fah Luang farm and restaurant provide Fah Luang farm’s Polo-Shirts that is
uniform for employees to wear when their work.Company’s Polo-Shirt
The Polo-shirt will be green that like natural and care about environment, in
the front have company name and slogan on the back
Figure 4.17: Company’s Polo-Shirt

160
Organization Management
Organization Chart of Fah Luang farm and restaurant
Figure 4.18: Organization Management

161
The detail of qualification and salary for each department
 Team Management
1) General Manager (1 position)
Job description:
- Plan and develop systems and procedures to improve the operating quality
and efficiency of the department.
- Analysis business problems and develop solution to enhance efficiencies.
- Direct staff in the development, analysis, and preparation of reports.
- Monitor competitor and trend in packaging business and related field
Qualifications:
- Male/Female, Thai nationality
- Age between 25- 35 years old.
- Bachelor’s Degree or higher in Business Administration or related field
- Have experience at least 3 years in management working.
- Good command of English and computer literacy
- More knowledge about paper packaging business will be advantage

162
2) Market officer (1 position)
Job description:
- Contributing to and developing marketing plans and strategies
- PR and communications work
- Monitoring competitor activity and customer order
- Maintaining and updating customer databases
- Support customer requirement and contact with customers for new order
Qualifications:
- Male/Female
- Age between 25- 35 years old.
- Bachelor’s Degree in Marketing or related field
- 2 years working experience
- Exhibition organizer is a plus
- Good interpersonal and communication skill
- Good command in English and computer literacy

163
3) Accounting and financial officer (1 position)
Job description:
- Account payable related to transaction process
- Preparation TAX forms, social security payment, keep record and clear all
account documents, monthly end closing and reporting
- Preparation for monthly financial statement.
- Control cash and budget
- Good at computer literacy
Qualifications:
- Male/Female, Thai nationality
- Age between 25-35 years old
- Bachelor’s Degree in Accounting or Financial with some accounting

background
- At least 1-3 experience in Accounting
- Good command of English and computer literacy
- Computer skill in Microsoft Office and accounting program
- Can work under pressure

164
4) Hunan Resources Management Department (1 position)
Job description:
- Recruit employees who live near shop area.
- Training new employees.
- Compressed workweek.
- Tell about number of employee in the company.
- Define qualification of each employee.
- Assign employee’s working hours.
- Fit the salary’s structure and compensation.
- Develop and improve employee’s skills.
Qualifications:
-Male or Female, Age not over 28 years old.
-Bachelor's Degree in Business Administration, HRM, Psychology or related

field.
-At least 1 year in HR field. If have some experience in Payroll &

Compensation would be advantage.
-High responsibility, Proactive, Enthusiasm, Positive Thinking, EQ, Maturity,

Diligent and Able to work under pressure.
165
5) Chef
Job description:
- Must be control and responsible about executive management within the

department’s restaurant.
- Can work as a team and love of good- natured service.
Qualifications:
- No limited to age, sex, education
- Experience in the in the position Executive Sous Chef (Assistant Head Chef) at
least 2-3 years.
6) House keeper
Job description:
- Prepare rooms for meetings, and arrange decorations, media equipment, and
furniture for social or business functions.
- Replenish supplies and such as drinking glasses, linens, writing supplies, and
bathroom items.
- Clean rooms, hallways, lobbies, lounges, restrooms, corridors, elevators,

stairways, locker rooms and other work areas so that health standards are met.
Qualifications:
- Female
- Good relationship and responsibility

166
7) Employee
Can work together with our farm by take cake of animals and clean
 Employees Salary
No. Position Rank Salary

(baht)
1 General Manager 1 position 15,000
2 Market officer 1 position 8,500
3 Accounting and financial officer 1 position 8,500
4 Human Resources Management Department 1 position 8,500
5 Chef 1 position 9,500
6 Housekeeper 1 position 4,500
7 Employee* 9 positions 40,500
Total 95,000
 Employee 9 positions get to salary 4,500 baht each person and we provide
foods and residence for 9 employee
167
• Office equipment expense
Fah Luang farm and restaurant will separate the office supplies
expense according to each quarter of the year. For the first quarter of every
year, the office supplies list and expense is as below:
4 HB Pencil 1 box 30 30 b
168
Total 2,549
For the second, third and fourth quarter of every year, the office
supplies expense will be as following:
Total 1,391

169
 Rental Free
Fah Luang farm and restaurant has area about 22 rai in 145,
Phaholyothin Road near Doi Tung approximately 5 km Moo 6 Phasang, Mae
Chan district, and Chiang Rai province 57110. We rent the neighborhood is
about 8 rai which the rental per month is 5,000 baht per rai. Thus the total
rental fee per month is 5,000 × 8 = 40,000 baht per month. For the total rental
fee per year is 40,000 × 12 = 480,000 baht per year.
 Electricity expense / month
Fah Luang farm and restaurant open Mon- Fri: 09.00 – 22.00
Sat – Sun: 09.00 – 24.00
Each month farm will expense electricity about 8,000 baht, but in high season
will expense more than low season. Farm will expense electricity about 15,000 baht
such as New Year, Valentine days, Summer, Christmas days.
 Water expense / Month

According to the Provincial Waterworks Authority, Pricing of water will be
calculate by 1tank per 10 baht
Water 1 tank = 20 lire price 10 baht/tank
One week use 15 tank = 300 lire price 150 baht/tank
One month use 60 tank = 1,200 lire price 600 baht/tank
Total water expense = 760 baht per month

170
 TT&T internet and telephone expense/month
Telephone expense = 850.00 baht/month
Internet expense (include VAT) = 631.30 baht/month
Maintenance costs = 100.00 baht/month
Total = 1,581.30
baht/month
For total utility expense is approximately 12,500 baht per month
Administrative expense rate each year is as follows:
Administrative cost Year 1 100%

171
Administrative expense Year1
15,00 15,00 15,00 15,00 15,00 15,00 15,00 15,00 15,00 15,00 15,00 15,00 180,00
General Management
0 0 0 0 0 0 0 0 0 0 0 0 0
102,00
Market officer 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500
0
102,00
Accounting and financial officer 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500
0
102,00
HRM Department 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500
0
114,00
Chef 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500
0
Housekeeper 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 54,000
Employee 9 positions (4,500 / 40,50 40,50 40,50 40,50 40,50 40,50 40,50 40,50 40,50 40,50 40,50 40,50 486,00
person) 0 0 0 0 0 0 0 0 0 0 0 0 0
Office supplies 2,549 0 0 1,391 0 0 1,391 0 0 1,391 0 0 6,722
12,50 12,50 12,50 12,50 12,50 12,50 12,50 12,50 12,50 12,50 12,50 12,50 150,00
Utility expense
0 0 0 0 0 0 0 0 0 0 0 0 0
Rental building 40,00 40,00 40,00 40,00 40,00 40,00 40,00 40,00 40,00 40,00 40,00 40,00 480,00
172
0 0 0 0 0 0 0 0 0 0 0 0 0
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Administrative depreciation 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 78,096
Total Administrative expense 159,136 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 1,857,397
Administrative expense Year 2
General Management 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 189,000
Market officer 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
Accounting and financial officer 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
HRM Department 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
Chef 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 119,700
Housekeeper 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 56,700
Employee (9 positions) 42,525 42,525 42,525 42,525 42,525 42,525 42,525 42,525 42,525 42,525 42,525 42,525 510,300
Office supplies 2,676 0 0 1,461 0 0 1,461 0 0 1,461 0 0 7,059
Utility expense 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 157,500
173
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Market officer 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
HRM Department 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
Chef 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 125,400
Housekeeper 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 59,400
Office supplies 2,804 0 0 1,530 0 0 1,530 0 0 1,530 0 0 7,394
Utility expense 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 165,000
174
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Market officer 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
HRM Department 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
Chef 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 131,100
Housekeeper 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 62,100
Office supplies 2,931 0 0 1,600 0 0 1,600 0 0 1,600 0 0 7,731
Utility expense 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 172,500
175
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Market officer 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
HRM Department 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
Chef 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 136,800
Housekeeper 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 64,800
Office supplies 3,059 0 0 1,669 0 0 1,669 0 0 1,669 0 0 8,066
Utility expense 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
176
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
177
4.5 Technical Feasibility Conclusion

Fah Luang farm and restaurant is location on Phaholyothin Road near Doi Tung
approximately 5 km. Farm has area about 30 rai. The main service to be sold through the Fah
Luang Farm and restaurant business will be four main including activities in farm, restaurant
and coffee shop, camping area and the product made from ostrich.
In transportation part, we think it is the important factor that firm needs to consider as
carefully due to transportation mode is related to many points. Fah Luang farm and restaurant
use logistic for management of product by transportation buck ostrich and egg ostrich to
factory and they will transport the goods themselves .This will make the farm save the
cost than by own vehicles to transport the goods to customers in the same times.
For management, Fah Luang farm and restaurant is register as the company limited
with Office of commercial Affairs Chiang Rai.Fah Luang farm and restaurant recruit by the
qualification and define the job responsibility to work with farm. And we have development
continuously to increase quality for our service to appropriate with customer want. Our farm
provides the private which is combine with safety, cleanness and comfortable for every
visitors.
178
Chapter 5: Financial Analysis
Detail Cost
General Management 15,000
Market officer 8,500
Accounting and financial officer 8,500
HRM Department 8,500
Chef 9,500
Housekeeper 4,500
Employee 9 positions (4,500 / person) 40,500
Office supplies 2,549
Inventories 1,500,000
Utility expense 12,500
Rental building 40,000
Fire insurance 2,579
Total 1,652,628
Total investment and expense 2,274,960
Cash requirement to maintain liquidity 500,000
Total cash requirement 2,774,960

179
Loan 3,000,000
Interest (per year) 15%
Interest (per month) 1.25%
Income tax 30%
Total principle and interest 3,450,000
Repayment (years) 2
Repayment (Month) 24
Total principle and interest per month 143,750

180
Fah Luang Farm and Restaurant: Income Statement Year1
Sales 3,021,200 2,697,500 1,925,600 2,307,400 1,494,000 1,427,600 1,610,200 1,245,000 1,162,000 2,905,000 3,818,000 3,884,400 27,497,90
0
Cost of goods sold 1,812,720 1,618,500 1,155,360 1,384,440 896,400 856,560 966,120 747,000 697,200 1,743,000 2,290,800 2,330,640 16,498,74
0
Gross margin 1,208,480 1,079,000 770,240 922,960 597,600 571,040 644,080 498,000 464,800 1,162,000 1,527,200 1,553,760 10,999,16
0
Marketing expense
website 2,000 - - - - - - - - - - - 2,000
Radio 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Brochures 15,000 - - - - - - - - - - - 15,000
Broad 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Total marketing expense 22,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 77,000
Administrative Expense
Market officer 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
Accounting and financial 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
officer
HRM Department 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
Chef 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 114,000
Housekeeper 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 54,000
Office supplies 2,549 0 0 1,391 0 0 1,391 0 0 1,391 0 0 6,722
Utility expense 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 150,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Total administrative 159,136 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 1,857,397
expense
Selling and administrative 181,136 159,008 159,008 160,399 159,008 159,008 160,399 159,008 159,008 160,399 159,008 159,008 1,934,397
expense
Earnings before interest 1,027,344 919,992 611,232 762,561 438,592 412,032 483,681 338,992 305,792 1,001,601 1,368,192 1,394,752 9,064,763
and Tax
Interest and principle 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 1,725,000
181
loan expense
After interest income 883,594 776,242 467,482 618,811 294,842 268,282 339,931 195,242 162,042 857,851 1,224,442 1,251,002 7,339,763
Income Tax (30%) 265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301 2,201,929
Net income 618,516 543,369 327,237 433,168 206,389 187,797 237,952 136,669 113,429 600,496 857,109 875,701 5,137,834
Fah Luang Farm and Restaurant: Income Statement Year 2
Sales 3,172,260 2,832,375 2,021,880 2,422,770 1,568,700 1,498,980 1,690,710 1,307,250 1,220,100 3,050,250 4,008,900 4,305,420 29,099,595
Cost of goods sold 1,903,356 1,699,425 1,213,128 1,453,662 941,220 899,388 1,014,426 784,350 732,060 1,830,150 2,405,340 2,583,252 17,459,757
Gross margin 1,268,904 1,132,950 808,752 969,108 627,480 599,592 676,284 522,900 488,040 1,220,100 1,603,560 1,722,168 11,639,838
Marketing expense
website 2,100 - - - - - - - - - - - 2,100
Radio 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 37,800
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200
Total marketing 19,850 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 77,600
expense
Market officer 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
officer
HRM Department 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
Chef 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 119,700
Housekeeper 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 56,700
Office supplies 2,676 0 0 1,461 0 0 1,461 0 0 1,461 0 0 7,059
Utility expense 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 157,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Administrative 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 78,096
depreciation
182
expense
Selling and 184,488 164,633 164,633 166,094 164,633 164,633 166,094 164,633 164,633 166,094 164,633 164,633 1,999,834
administrative expense
Earnings before 1,084,416 968,317 644,119 803,014 462,847 434,959 510,190 358,267 323,407 1,054,006 1,438,927 1,557,535 9,640,004
interest and Tax
loan expense
Income Tax (30%) 282,200 247,370 150,111 197,779 95,729 87,363 109,932 64,355 53,897 273,077 388,553 424,136 2,374,501
Net income 658,466 577,197 350,258 461,485 223,368 203,846 256,508 150,162 125,760 637,179 906,624 989,650 5,540,503
Fah Luang Farm and Restaurant : Income Statement Year 3
Sales 3,323,320 2,967,250 2,118,160 2,538,140 1,643,400 1,570,360 1,771,220 1,369,500 1,278,200 3,195,500 4,199,800 4,272,840 30,247,690
Gross margin 1,329,328 1,186,900 847,264 1,015,256 657,360 628,144 708,488 547,800 511,280 1,278,200 1,679,920 1,709,136 12,099,076
Marketing expense
website 2,200 - - - - - - - - - - - 2,200
Radio 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 39,600
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 26,400
Total marketing 20,200 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500 80,700
expense
Administrative
Expense
Market officer 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
Accounting and 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
financial officer
HRM Department 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
Chef 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 125,400
Housekeeper 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 59,400
183
Office supplies 2,804 0 0 1,530 0 0 1,530 0 0 1,530 0 0 7,394
Utility expense 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 165,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Administrative 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 78,096
depreciation
expense
Selling and 190,341 170,258 170,258 171,788 170,258 170,258 171,788 170,258 170,258 171,788 170,258 170,258 2,067,769
administrative
expense
Earnings before 1,138,987 1,016,642 677,006 843,468 487,102 457,886 536,700 377,542 341,022 1,106,412 1,509,662 1,538,878 10,031,307
interest and Tax
Interest and
principle loan expense
After interest 1,138,987 1,016,642 677,006 843,468 487,102 457,886 536,700 377,542 341,022 1,106,412 1,509,662 1,538,878 10,031,307
income
Income Tax (30%) 341,696 304,993 203,102 253,040 146,131 137,366 161,010 113,263 102,307 331,924 452,899 461,663 3,009,392
Net income 797,291 711,649 473,904 590,428 340,971 320,520 375,690 264,279 238,715 774,488 1,056,763 1,077,215 7,021,915
184
Sales 3,474,380 3,102,125 2,214,440 2,653,510 1,718,100 1,641,740 1,773,1 1,431,750 1,336,300 3,340,750 4,390,700 4,467,060 31,544,015
60
Cost of goods sold 2,084,628 1,861,275 1,328,664 1,592,106 1,030,860 985,044 1,063,8 859,050 801,780 2,004,450 2,634,420 2,680,236 18,926,409
96
Gross margin 1,389,752 1,240,850 885,776 1,061,404 687,240 656,696 709,264 572,700 534,520 1,336,300 1,756,280 1,786,824 12,617,606
Marketing expense
website 2,300 - - - - - - - - - - - 2,300
Radio 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 41,400
Brochures - - - - - - - - - - - - -
Broad 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 27,600
Market officer 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
officer
HRM Department 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
Chef 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 131,100
Housekeeper 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 62,100
Office supplies 2,931 0 0 1,600 0 0 1,600 0 0 1,600 0 0 7,731
Utility expense 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 172,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
expense
Earnings before interest 1,206,406 1,065,314 710,240 884,268 511,704 481,160 532,128 397,164 358,984 1,159,164 1,580,744 1,611,288 10,498,564
and Tax
Interest and principle
loan expense
185
After interest income 1,206,406 1,065,314 710,240 884,268 511,704 481,160 532,128 397,164 358,984 1,159,164 1,580,744 1,611,288 10,498,564
Income Tax (30%) 361,922 319,594 213,072 265,280 153,511 144,348 159,638 119,149 107,695 347,749 474,223 483,386 3,149,569
Net income 844,484 745,720 497,168 618,988 358,193 336,812 372,490 278,015 251,289 811,415 1,106,521 1,127,902 7,348,995
Sales 3,625,440 3,295,500 2,310,720 2,451,960 1,792,800 1,713,120 1,932,240 1,494,000 1,394,400 3,446,625 4,581,600 4,661,280 32,699,685
Cost of goods sold 2,175,264 1,977,300 1,386,432 1,471,176 1,075,680 1,027,872 1,159,344 896,400 836,640 2,067,975 2,748,960 2,796,768 19,619,811
Gross margin 1,450,176 1,318,200 924,288 980,784 717,120 685,248 772,896 597,600 557,760 1,378,650 1,832,640 1,864,512 13,079,874
Marketing expense
website 2,400 - - - - - - - - - - - 2,400
Radio 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 43,200
Brochures - - - - - - - - - - - - -
Broad 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 28,800
Market officer 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
HRM Department 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
Chef 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 136,800
Housekeeper 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 64,800
Office supplies 3,059 0 0 1,669 0 0 1,669 0 0 1,669 0 0 8,066
Utility expense 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Total administrative expense 180,799 175,161 175,161 176,830 175,161 175,161 176,830 175,161 175,161 176,830 175,161 175,161 2,112,577
Selling and administrative expense 189,199 181,161 181,161 182,830 181,161 181,161 182,830 181,161 181,161 182,830 181,161 181,161 2,186,977
Earnings before interest and Tax 1,260,977 1,137,039 743,127 797,954 535,959 504,087 590,066 416,439 376,599 1,195,820 1,651,479 1,683,351 10,892,897
186
Interest and principle loan

expense
Income Tax (30%) 378,293 341,112 222,938 239,386 160,788 151,226 177,020 124,932 112,980 358,746 495,444 505,005 3,267,869
Net income 882,684 795,927 520,189 558,568 375,171 352,861 413,046 291,507 263,619 837,074 1,156,035 1,178,346 7,625,028
Fah Luang Farm and Restaurant
Cash flow Year 1
CF1
Cash flows from operating activity
Cash inflow
Cash received on sales 3,021,200 2,697,50 1,925,600 2,307,400 1,494,000 1,427,600 1,610,200 1,245,000 1,162,000 2,905,000 3,818,000 3,884,400 27,497,90
0 0
Cash from account receivable 0 0 0 0 0 0 0 0 0 0 0 0 0
Adjust office supplies 0 0 0 0 0 0 0 0 0 0 0 0 0
Adjust rental building 0 0 0 0 0 0 0 0 0 0 0 0 0
Adjust depreciation 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 78,096
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from operating activity 3,027,708 2,704,00 1,932,108 2,313,908 1,500,508 1,434,108 1,616,708 1,251,508 1,168,508 2,911,508 3,824,508 3,890,908 27,575,99
8 6
Cash out flow
0 0
Marketing expense 22,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 77,000
Administrative expense 159,136 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 1,857,397
Cash paid for income tax 2,201,931
265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301
Other cash expense 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash out flow from operating 2,258,934 2,010,38 1,454,613 1,730,482 1,143,861 1,096,053 1,228,498 964,581 904,821 2,160,754 2,817,141 2,864,949 20,635,06
activity 1 8
Net cash flows from operating 768,774 693,627 477,495 583,426 356,647 338,055 388,210 286,927 263,687 750,754 1,007,367 1,025,959 6,940,928
activity
Cash inflow from investing activity
187
Cash inflow 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash received from sold equipment 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow
Cash paid on administrative 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
investment
Cash outflow from investment activity 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
Net cash flows fom investing activity -623,723 0 0 0 0 0 0 0 0 0 0 0 -623,723
Cash flows from financing activity
cash inflow
Cash Loan 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
Other
Cash inflow from financing activity 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
cash outflow
Repayment for interest and principle 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 1,725,000
loan
Cash outflow from financing 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 1,725,000
activity
Net cash flows from financing activity 2,856,250 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 1,275,000
Net cash increase or decrease 3,001,301 549,877 333,745 439,676 212,897 194,305 244,460 143,177 119,937 607,004 863,617 882,209 7,592,205
Beginning cash 0 3,001,30 3,551,178 3,884,923 4,324,599 4,537,496 4,731,801 4,976,261 5,119,438 5,239,375 5,846,379 6,709,996 0
1
Ending cash 3,001,301 3,551,17 3,884,923 4,324,599 4,537,496 4,731,801 4,976,261 5,119,438 5,239,375 5,846,379 6,709,996 7,592,205 7,592,205
8
188
Cash flow Year 2
Year 2 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total CF1
Cash flows from operating

activity
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from operating 3,178,768 2,838,883 2,028,388 2,429,278 1,575,208 1,505,488 1,697,218 1,313,758 1,226,608 3,056,758 4,015,408 4,311,928 29,177,691
activity
Cash out flow
Cash paid for income tax 109,932 2,374,502
282,200 247,370 150,111 197,779 95,729 87,363 64,355 53,897 273,077 388,553 424,136
Cash out flow from operating 2,370,044 2,111,428 1,527,872 1,817,535 1,201,582 1,151,384 1,290,452 1,013,338 950,590 2,269,321 2,958,526 3,172,021 21,834,093
activity
activity
Cash inflow from investing
activity
Cash inflow
Cash received from sold 0 0 0 0 0 0 0 0 0 0 0 0 0
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
189
Cash inflow from investing 0 0 0 0 0 0 0 0 0 0 0 0 0

activity
Cash outflow
Cash paid on administrative 0 0 0 0 0 0 0 0 0 0 0 0 0
investment
Cash outflow from investment 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Net cash flows from investing 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash flows from financing
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from financing 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
Repayment for interest and 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 1,725,000
principle loan
activity
Net cash flows from financing -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -1,725,000
activity
Net cash increase or decrease 664,974 583,705 356,766 467,993 229,876 210,354 263,016 156,670 132,268 643,687 913,132 996,157 5,618,598
Beginning cash 7,592,205 8,257,179 8,840,884 9,197,650 9,665,643 9,895,519 10,105,87 10,368,88 10,525,55 10,657,82 11,301,51 12,214,64 7,592,205
3 9 9 7 4 6
Ending cash 8,257,179 8,840,884 9,197,650 9,665,643 9,895,519 10,105,873 10,368,889 10,525,559 10,657,827 11,301,514 12,214,646 13,210,803 13,210,803
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Cash flow Year 3
activity
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
Cash paid for income tax 341,696 304,993 203,102 253,040 146,131 137,366 161,010 113,263 102,307 331,924 452,899 461,663 3,009,392
Cash out flow from 2,526,029 2,255,601 1,644,256 1,947,712 1,302,429 1,249,840 1,395,530 1,105,221 1,039,485 2,421,012 3,143,037 3,195,625 23,225,777
operating activity
activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
191

investment
Cash outflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investment activity
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
Repayment for interest and 0 0 0 0 0 0 0 0 0 0 0 0 0
principle loan
financing activity
Net cash flows from financing 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Net cash increase or decrease 803,799 718,157 480,412 596,936 347,479 327,028 382,198 270,787 245,223 780,996 1,063,271 1,083,723 7,100,009
Beginning cash 13,210,80 14,014,60 14,732,75 15,213,17 15,810,107 16,157,586 16,484,614 16,866,812 17,137,599 17,382,822 18,163,818 19,227,089 13,210,803
3 2 9 1
Ending cash 14,014,60 14,732,75 15,213,17 15,810,10 16,157,586 16,484,614 16,866,812 17,137,599 17,382,822 18,163,818 19,227,089 20,310,812 20,310,812
2 9 1 7
192
Cash flow Year 4
activity
Cash inflow
Cash from account 0 0 0 0 0 0 0 0 0 0 0 0 0
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,480,541 3,108,286 2,220,601 2,659,671 1,724,261 1,647,901 1,779,321 1,437,911 1,342,461 3,346,911 4,396,861 4,473,221 30,134,747
operating activity
Cash out flow
operating activity
Net cash flows from 850,645 751,881 503,329 625,149 364,354 342,973 378,651 284,176 257,450 817,576 1,112,682 1,134,063 7,422,929
operating activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
193

investment
investment activity
Net cash flows from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
principle loan
financing activity
financing activity
Net cash increase or 850,645 751,881 503,329 625,149 364,354 342,973 378,651 284,176 257,450 817,576 1,112,682 1,134,063 7,422,929
decrease
Beginning cash 20,310,812 21,161,45 21,913,33 22,416,66 23,041,81 23,406,17 23,749,14 24,127,79 24,411,97 24,669,42 25,486,996 26,599,678 20,310,812
7 8 7 6 0 3 4 0 0
Ending cash 21,161,457 21,913,338 22,416,667 23,041,816 23,406,170 23,749,143 24,127,794 24,411,970 24,669,420 25,486,996 26,599,678 27,733,741 27,733,741
194
Cash flow Year 5
activity
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,631,601 3,301,661 2,316,881 2,458,121 1,798,961 1,719,281 1,938,401 1,500,161 1,400,561 3,452,786 4,587,761 4,667,441 32,773,617
operating activity
Cash out flow
operating activity
operating activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
195
Cash outflow
investment
investment activity
investing activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
principle loan
financing activity
financing activity
decrease
Beginning cash 27,733,74 28,622,58 29,424,674 29,951,02 30,515,75 30,897,08 31,256,10 31,675,31 31,972,98 32,242,76 33,085,99 34,248,19 27,733,741
1 6 4 3 5 7 4 2 2 7 3
Ending cash 28,622,58 29,424,67 29,951,024 30,515,75 30,897,08 31,256,10 31,675,31 31,972,98 32,242,76 33,085,99 34,248,19 35,432,70 35,432,700
6 4 3 5 7 4 2 2 7 3 0
196
Balance sheet Year 1
Year 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Asset
Current asset
cash 3,001,301 3,551,178 3,884,923 4,324,599 4,537,496 4,731,801 4,976,261 5,119,438 5,239,375 5,846,379 6,709,996 7,592,205
Other current asset 0 0 0 0 0 0 0 0 0 0 0 0
Total current asset 3,001,301 3,551,178 3,884,923 4,324,599 4,537,496 4,731,801 4,976,261 5,119,438 5,239,375 5,846,379 6,709,996 7,592,205
Fixed asset
Administrative fix asset 617,215 610,707 604,199 597,691 591,183 584,675 578,167 571,659 565,151 558,643 552,135 545,627
Total Fixed asset 617,215 610,707 604,199 597,691 591,183 584,675 578,167 571,659 565,151 558,643 552,135 545,627
Total asset 3,618,516 4,161,885 4,489,122 4,922,290 5,128,679 5,316,476 5,554,428 5,691,097 5,804,526 6,405,022 7,262,131 8,137,832
Liability and Equity

Liability
Long term note payable 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Other 0 0 0 0 0 0 0 0 0 0 0 0
Total liability 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Equity
Return earning 618,516 1,161,885 1,489,122 1,922,290 2,128,679 2,316,476 2,554,428 2,691,097 2,804,526 3,405,022 4,262,631 5,137,832
Owner equity 0 0 0 0 0 0 0 0 0 0 0 0
Total owner equity 618,516 1,161,885 1,489,122 1,922,290 2,128,679 2,316,476 2,554,428 2,691,097 2,804,526 3,405,022 4,262,631 5,137,832
Total liability and equity 3,618,516 4,161,885 4,489,122 4,922,290 5,128,679 5,316,476 5,554,428 5,691,097 5,804,526 6,405,022 7,262,631 8,137,832
197
Asset
Current asset
cash 8,257,179 8,840,884 9,197,650 9,665,643 9,895,519 10,105,873 10,368,889 10,525,559 10,657,827 11,301,514 12,214,646 13,210,803
Fixed asset
Total asset 8,796,298 9,373,495 9,723,753 10,185,238 10,408,606 10,612,452 10,868,960 11,019,122 11,144,882 11,782,061 12,688,685 13,678,334

Liability
Long term note payable 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Other 0 0 0 0 0 0 0 0 0 0 0 0
Total liability 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Equity
Return earning 5,796,298 6,373,495 6,723,753 7,185,238 7,408,606 7,612,452 7868960 8,019,122 8,144,882 8,782,061 9,688,685 10,678,334
Owner equity 0 0 0 0 0 0 0 0 0 0 0 0
Total owner equity 5,796,298 6,373,495 6,723,753 7,185,238 7,408,606 7,612,452 7,868,960 8,019,122 8,144,882 8,782,061 9,688,685 10,678,334
198
Asset
Current asset
cash 14,014,602 14,732,759 15,213,171 15,810,107 16,157,586 16,484,614 16,866,812 17,137,599 17,382,822 18,163,818 19,227,089 20,310,812
Fixed asset
Total asset 14,475,625 15,187,274 15,661,178 16,251,606 16,592,577 16,913,097 17,288,787 17,553,066 17,881,781 18,566,269 19,623,032 20,700,247

Liability
Long tern note payable 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Other 0 0 0 0 0 0 0 0 0 0 0 0
Total liability 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Equity
Return earning 11,475,625 12,187,274 12,661,178 13,251,606 13,592,577 13,913,097 14,288,787 14,553,066 14,881,781 15,566,269 16,623,032 17,700,247
Owner equity 0 0 0 0 0 0 0 0 0 0 0 0
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Asset
Current asset
cash 21,161,457 21,913,338 22,416,667 23,041,816 23,406,170 23,749,143 24,127,794 24,411,970 24,669,420 25,486,996 26,599,678 27,733,741
Fixed asset
Total asset 21,544,731 22,290,451 22,787,619 23,406,607 23,764,800 24,101,612 24,474,102 24,752,117 25,003,406 25,814,821 26,921,342 28,049,244

Liability
Other 0 0 0 0 0 0 0 0 0 0 0 0
Total liability 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Equity
Return earning 18,544,731 19,290,451 19,787,619 20,406,607 20,764,800 21,101,612 21,474,102 21,752,117 22,003,406 22,814,821 23,921,342 25,049,244
Owner equity 0 0 0 0 0 0 0 0 0 0 0 0
200
Asset
Current asset
cash 28,622,586 29,424,674 29,951,024 30,515,753 30,897,085 31,256,107 31,675,314 31,972,982 32,242,762 33,085,997 34,248,193 35,432,700
Fixed asset
Total asset 28,931,928 29,727,855 30,248,044 30,806,612 31,181,783 31,534,644 31,947,690 32,239,197 32,502,816 33,339,890 34,495,925 35,674,271

Liability
Other 0 0 0 0 0 0 0 0 0 0 0 0
Total liability 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Equity
Return earning 25,931,928 26,727,855 27,248,044 27,806,612 28,181,783 28,534,644 28,947,690 29,239,197 29,502,816 30,339,890 31,495,925 32,674,271
Owner equity 0 0 0 0 0 0 0 0 0 0 0 0
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Year 0 CF1 CF2 CF3 CF4 CF5 SUM

Initial investment - 3,000,000
Net Cash Flow - 3,000,000 7,592,205 13,210,803 20,310,812 27,733,741 35,432,700
Net income 0 5,137,834 5,540,503 7,021,915 7,348,995 7,625,028 32,674,275

end-up cost 0
Average net income 6,534,855

Average Book Value
1,500,000
Discount rate= 15%
 NPV= 60,419,042
 Payback period= with one year
 IRR= 113%
 ARR or ROI= 435.65%
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Chapter 6: Risk Management
6.1 External Risk

External risk is a risk which we cannot predict or control because external factor is
beyond controlling of our company management and processing. So we should have a good
planning to defense the risk we face in the future.
6.1.1Economic Risk
From the information about Thailand economy’s trend in 2010 have growth rate of
economic can get benefit from low base in previous years, pent-up demand for durable goods
that effects to use fiscal policy and the lower rate of interest. At that time high risk of world
economy’s it grow up. So, the economic management is successful in the policy which this
year is not stimulus economic but can control of all risk factors by Thai government. The
economic has no risk factors that can expected growth rate of Thai economy in 2010 at 1.9
percent that the result from that has lower than the government are expect in 3.5 percent. For
the trend in 2011 economic growth when compare with the year 2010.The economic in 2010
is better than the economic in 2011 about 11-14 percent .So, the economic in 2011 is high
risk also.15
6.1.2Environment and Natural Disaster

The natural environment, encompasses all living and non-living things occurring
naturally on Earth or some region thereof. It is an environment that encompasses the
interaction of all living species. Natural is the thing that we cannot know when it change and
from event happened in Thailand has many natural disaster like a storm, flood and air
pollution which the most of phenomenon is result of human action. Fah Lang farm and
restaurant will locate shop in Chiang rai province. So we have to analyze social environment
in this province. Chiang rai is in the northern part of Thailand that is surrounded with the
mountains. Then the tourists can travel in every season especially in winter, they feel and
touch with natural environment. Chiang rai province has many interesting places for the
tourists such as the Golden Triangle, Doi-Tung, Mae-sae that are waiting for the tourists to
15
http://www.suthichaiyoon.com/detail/7618
203
explore the fantastic of nature in Chiang rai.16Therefore, Fah Lang farm has a good
opportunity to locate at Chiang rai province.
6.1.3Customer Perspective Risk

Customer demand and service may be changed following many different reasons and
factors that risk for our business directly because customers and services is heart of business.
So we will concern about customer need by:
- Increase service quality by focus on comfortable and speed for make customer satisfy.
- Our farm has friendliness to customer because Humans want to be welcomed and to
belong.
- We concern about customers need choice whether it is in the range of services or in
finding solutions to problems they are experiencing in dealing with us.
- Our farm will advertise as seasoning for motivate customer.
- Understanding, customers want to get fair value and feel that they have been treated
fairly relative to other customers.
Problem: If the customers cancel the reservation of camping and activities that effect for our
farm because we can loss income and loss of another customer come to use services.
Solution:
- Fah Luang farm and restaurant give the customer deposit the money before arrival in
our farm or pay a half of money when their reservation.
- If the customers cancel the reservation, the money of deposit will belong to our farm
immediately.
Problem: If the number of room or accommodation (the number of house) was not enough
for the customers are exceeded to stay.
Solution:
- Solve the problem by purchase tent to reserve for customer.
16
http://www.petchsiam-hotel.com/eng/?option=crtravel
204
6.1.4Competitive Risk
Fah Luang farm and restaurant use competitor analysis strategy to analysis both of
offensive and defensive strategic through identify opportunities, threats and analysis into one
in form to support the efficient and effective strategy formulation, implementation,
monitoring and adjustment. For our farm and restaurant business by established at the Chiang
Rai province. Although only one competitor it can risk for Fah luang farm and restaurant
because Wana farm is resemble our farm some part and isn’t the same all of farm and
restaurant but our farm provide services and activities are different from competitor. So, Fah
Luang farm and restaurant should to create new strategies for difference from competitors by
give more qualities for our products and services, build good image and provide long term
relationship by advertising about activities, build impression for first meet in our farm and
provide services from heart. Then we are increase the ways to contract with customers by
adding new channels and alternative, find new customers and increase strategies for respond
to more group of customer, create new styles of services for attractive the customer and
difference activities from competitors.
6.1.5Technology Risk
Nowadays technology and innovation has changed rapidly that effect to industrial
development such as machines in manufacturing and backwardness of equipment. So, we
have to follow and check technology trend that it is good opportunity to do our business grow
up quickly in this economy condition. And then we should have manage risk about changing
by bring new knowledge into manufacture and develop time life using of many machines
and always check availability of old machines. So, Fah Luang Farm is necessary to apply that
technology to be the best efficiency. It will help us to improve capacity inventory to present
the best thing for customer.
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6.2 Internal risk

Risk is a state of uncertainty where some of the possibilities involve a loss,
catastrophe, or other undesirable outcome. Uncertainty must be taken in a sense radically
distinct from the familiar notion of Risk, from which it has never been properly separated.
There are risk that can be visible and control underneath company processing:
6.2.1Communication risk
Communication is a process of transferring the information from one entity to

another. Communication processes are important interactions between at least two agents
which share a repertoire of signs and semiotic rules. Communication can be perceived better
as a two-way process in which there is an exchange and progression of thoughts, feelings or
ideas towards a mutually accepted goal or direction information. The communication in
organization and the communication with customer are important because if one person can
communicate is wrong or understand mistake that make the business negotiation are fail in
situation. That effect for business and then can make bad image for our farm. Moreover the
communication in organization when has problem in services or employee management. Our
farm need to show the issue was discussed with employee. So, manager should solve the
problem by have a meeting with employee in organization to make sure for understand in
problem and situation when happen in communicate with customer. The manager can give
activities between employees and managers in organization by company has party with
employee and build the relationship employees our company go to other organizations to
learn how about their culture and how to communicate with other people in organization
which way to the unity in organization.
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6.2.2Human resource management
The Human resource management risk can happens from personal or employment process
of hiring employee and lack of inefficient personnel in the work. Besides risk are factor that
make the employee lack of knowledge, skills, culture, and attitude that effect to the objective
in organization. If the Human resource management hire employee without test or interview
before work that make problem in work and organization. So the Human resource
management is hiring personal that have ability, experience and efficiency when their do
work as well in organization. And then organization can provide activities for employee by
training employee continuously for increase knowledge, motivation to employees and
improve skill in efficiency of work.
6.2.3Employees Risk
Employees are a person who is hired to provide services to a company on a regular basis
in exchange for compensation and who does not provide these services as part of an
independent business.17 Now a day the business about service grow up the effect to the race
in hiring employee high as well. And then employers offer hourly wages or a salary in
exchange for the worker's labor power, depending upon whether the employee is paid by
the hour or a set rate per pay period. Therefore, the employment relationship necessarily
includes conflicts of interests between employers and employees, and the form of such
conflicts.
So, Fah Luang farm and restaurant will plan the solution about conflict between farm and
employees following:
- Insurance administration: We can offer a complete support service for policy renewal,
premium accounts, claims management and medical underwriting.
17
www.investorwords.com/1696/employee.html
207
- Our farm can maintain their employees by give system to provide employees
with adequate and equitable rewards for their contribution to meeting
organization goals.
- Compensation Solutions : We provides a comprehensive approach to workers’
compensation, focusing on continuous improvement to meet specific client
needs.
6.2.4Financial Risk
Financial is very important when do the business and main factor for company to operate
money in organization which Financial risk is normally risk factor associated with any form
of financing. Risk is probability of unfavorable condition; in financial sector it is the
probability of actual return being less than expected return. There will be uncertainty in
business. Fah Luang farm and restaurant will reduce financial risk in the future by:
- Check the working capital requirements of a business all the times to ensure that there
are sufficient funds available to meet short-term expenses.
- Accountant should check for surely and find the way to protect corruption.
- The manager should be attend between account investigation to protect financial
failure data
Decrease in sale
- If the company’s total sale decreases by 5%, it will affect to our company’s sale
revenue as follow:
Year 2010 sale revenue is 26,123,005 Baht

208
- If the company sale revenue decreases by 5%, it will affect to our company’s net
income as follow:
Year 2010 Net income is 4,752,864 Baht
revenue as follow:

income as follow:

209
revenue as follow:

income as follow:

Figure 6.1: Decrease in total sale between years 2010-2014
So, if company’s total sale continuing to decrease more than 15%, it will affect to our
company’s payback period will be longer.
210
Increases in interest rate
- If the company’s interest rate increases by 5%, it will affect to our company’s net
income as follow:
income as follow:
income as follow:

211
Figure 6.2: Increase in interest rate
Therefore, if interest rate increases in to 20%, 25%, and 30%, it is no affect much to
our company’ payback period.
Increase in cost/expense
- If the company’s cost/expense increases by 5%, it will affect to our company’s net
income as follow:
Year 2010 Net income is 5,073,476Baht
income as follow:

212
income as follow:
Figure 6.3: Incomes in Cost/Expense
So, if company’s cost/expense continuing to increases more than 15%, it will affect to
our company’s payback period will be longer.
213
6.3 Summary Risk Management
Risk management analysis is very important in processing to manage and protect the
risk situation when it happens in organization. This analysis of risk management is necessary
because the demand of the market and the trends are changing and then risks can help the
businesses to achieve the goal by set targets. Which the strategies to manage risk include:
- To defined Key Performance Indicator / Key Risk Indicator / Key Control Indicator
for use strategy to management risk is efficiency.
- To defined and set Risk Map and Heat Map for management and monitoring of the
risk that affect to the performance in organization.
- To defined Risk Scorecard by follow the process of progress in risk strategic
management.
Many of the risk management standards have come under criticism for having no
measurable improvement on risk even though the confidence in estimates and decisions
increase.
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Chapter 7: Summary
Nowadays, the services are very important in daily life and provide the full option of
quality for the customer. Even the restaurant has the different style in service. According to
gross provincial product at current market price including hotel and restaurant information
are 1,758 baht and the percentage of number Thai and foreigner in Chiang Rai 2009 is 49.3 %
of Thai tourist and foreigner tourist is about 90.4%. Fah Luang farm and restaurant created
the new alternative for customer and provide about farm and restaurant likes natural
environment which different from other restaurant business. We make good long term
relationship, make first impression for customer by separate 4 type of product and services
include: activities within the farm, restaurant and coffee shop, the product are made from
ostrich and camping area. The atmosphere in our farm is natural and mixes with the challenge
activities for customer.
Industry summary
Fah Luang farm and restaurant use intensive strategies concern target market and
product for customer who likes difference style and natural environment when they use
services from restaurant. Our farm use the strategy to make customer feel fairness or make
them think there are special of Fah Luang farm and restaurant Such as If the customer show
ID card on their birthday to employees. The customers can get the discounts by can ride a
horse in price 120 to 99 baht per round or buying products are made from ostrich over 2,000
baht will get discount 10%. And then use market penetration strategy to set our business to
attractive customer and choose Michael Porter’s generic strategy to develop farm and set
promotion by have mass production to create new type of services that different from other
restaurant.
So, from the situation of industry and information about gross provincial product at
current market price it make our farm aims at customer need by create new services and
increasing the impression of customer. We set the good quality of services and the processing
when provides the service for customer by maintain long term relationship.
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Production and operation
In our farm are separate 4 types of production and operation for customer by
1. Production characteristic include with activities of farm have ATV extreme, ride
ostrich and ride horse.
2. Restaurant and coffee shop have Manu of foods are made from ostrich meat.
3. The product are made from ostrich which our farm send buck of ostrich to the factory
to produce key ring, egg and painting egg ostrich.
4. Camping area, we provide a space area for tourist and then they can leave house or
tent.
In the process of services in our farm we maintain care about the customer’s
feeling first and build informally relationship for make the customer relax and enjoy
with activities in our farm.
Financial feasibility analysis summary
1. Financial Assumption
Fah Luang farm and restaurant has financial assumption by concern about
project management is a post-planning method that helps companies to deal with
uncertainty. It is used to identify the most important assumptions in a company’s
business plans, to test these assumptions, and to accommodate unexpected outcomes.
216
2. Income statement
Figure 7.1: Income statement
From the income statement information we estimate 5% to increasing in sale in each

year which Fah Lunag farm and restaurant’s financial statement that indicates how the
revenue money received from the sale of products and services before expenses are taken out,
is transformed into the net income It displays the revenues recognized for a specific period,
and the cost and expenses charged against these revenues.
3. Cash flow statement
40,000,000.00
35,000,000.00
30,000,000.00
25,000,000.00
20,000,000.00
15,000,000.00
10,000,000.00
5,000,000.00
-
Year 1 Year 2 Year 3 Year 4 Year 5
Figure 7.2: Cash flow statements

217
From the cash flow chart at the end of each year are increasing every year that show
about business’ liquidity and can measure of business’s profit. Then cash flow can be use to
evaluate the quality of income in our farm and to generate the accrual accounting.
4. Balance sheet
The balance sheet include with asset, dept and owner which aims at equality in this way
to show how asset were finance. In the balance sheet of our farm usually presented with asset
in one section and liabilities are balancing. Thus the value of equity will increase every year
and value of equity of Fah Luang Farm and restaurant is about 35,674,271 baht.
5. Net present value
The NPV of a sequence of cash flows takes as input the cash flows and a discount rate
or discount curve and outputs a price which NPV of our farm is 60,419,042.
6. Return on investment
The return on investment of Fah Luang farm and restaurant is 113%
Business Risk Feasibility Analysis Summary
Risk is opportunity that makes Fah Luang farm and restaurant will get loss income or
cannot operate successful planning or concern in problem. The risk of our farm has 2 parts.
First is risk from external factor is hard to control, such as Technology risk, economic risk,
changing in demand of customer and have competitor risk. The second, the internal factor
risk is about loss control employee and human resource risk in the organization which we
cannot to control and spend more money to solve problem by training employee to develop
skill. The last financial risk, if our income have to reduce directly that effect to our
company’s income will reduce too, if our company expense increase, it will effect to our
company’s payback period will have long time. So the financial risk is important to our
company. We maintain and control cost for to development marketing and market penetration
218
strategy of company for attracting more customers that increase our farm’s net income and
our business can survive in to do business.
In conclusion, Fah Luang farm and restaurant establish in Mae Chan, Chiang Rai
province which maintain about animal and natural environment to provide good services for
the customer and have ostrich and horse in our farm. The activities of our farm is challenging
such as ride ostrich or ATV extreme. Then in restaurant we provide clean of area and good
taste of foods and focus on entertainment of customer and long term relationship.
219
Appendix
220
Interest rate increase by 5%

Loan 300,000
Loan interest rate 20% /year
5 Years Re principal Balance loan Interest Cash pald

Year 1 3,000,000 600,000 2,400,000 600,000 3,600,000
Year 2 2,400,000 600,000 1,800,000 480,000 2,880,000
Year 3 1,800,000 600,000 1,200,000 360,000 2,160,000
Year 4 1,200,000 600,000 600,000 240,000 1,440,000
Year 5 600,000 600,000 - 120,000 720,000

Income Statement
For the year ended December, 31 2010
Sales 3,021,200 2,697,500 1,925,600 2,307,400 1,494,000 1,427,600 1,610,200 1,245,000 1,162,000 2,905,000 3,818,000 3,884,400 27,497,900
Gross margin 1,208,480 1,079,000 770,240 922,960 597,600 571,040 644,080 498,000 464,800 1,162,000 1,527,200 1,553,760 10,999,160
Marketing expense
website 2,000 - - - - - - - - - - - 2,000
Radio 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Brochures 15,000 - - - - - - - - - - - 15,000

221
Broad 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Total marketing 22,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 77,000
expense
Administrative
Expense
General 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Management
Market officer 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
Accounting and 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
financial officer
HRM Department 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
Chef 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 114,000
Housekeeper 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 54,000
Employee (9 40,500 40,500 40,500 40,500 40,500 40,500 40,500 40,500 40,500 40,500 40,500 40,500 486,000
positions)
Office supplies 2,549 0 0 1,391 0 0 1,391 0 0 1,391 0 0 6,722
Utility expense 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 150,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Administrative 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 78,096
depreciation
Total 159,136 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 1,857,397
administrative
expense
Selling and 181,136 159,008 159,008 160,399 159,008 159,008 160,399 159,008 159,008 160,399 159,008 159,008 1,934,397
administrative
expense
Earnings before 1,027,344 919,992 611,232 762,561 438,592 412,032 483,681 338,992 305,792 1,001,601 1,368,192 1,394,752 9,064,763
interest and Tax
Interest and 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 1,800,000
principle loan
expense
222
After interest 877,344 769,992 461,232 612,561 288,592 262,032 333,681 188,992 155,792 851,601 1,218,192 1,244,752 7,264,763
income
Income Tax (30%) 263,203 230,998 138,370 183,768 86,578 78,610 100,104 56,698 46,738 255,480 365,458 373,426 2,179,429
Net income 614,141 538,994 322,862 428,793 202,014 183,422 233,577 132,294 109,054 596,121 852,734 871,326 5,085,334

Income Statement
Sales 3,172,260 2,832,375 2,021,880 2,422,770 1,568,700 1,498,980 1,690,710 1,307,250 1,220,100 3,050,250 4,008,900 4,305,420 29,099,595
Gross margin 1,268,904 1,132,950 808,752 969,108 627,480 599,592 676,284 522,900 488,040 1,220,100 1,603,560 1,722,168 11,639,838
Marketing expense
website 2,100 - - - - - - - - - - - 2,100
Radio 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 37,800
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200
Total marketing 19,850 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 77,600
expense
Administrative
Expense
General 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 189,000
Management
Market officer 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
Accounting and 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
financial officer
223
HRM Department 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
Chef 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 119,700
Housekeeper 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 56,700
Employee (9 42,525 42,525 42,525 42,525 42,525 42,525 42,525 42,525 42,525 42,525 42,525 42,525 510,300
positions)
Office supplies 2,676 0 0 1,461 0 0 1,461 0 0 1,461 0 0 7,059
Utility expense 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 157,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Administrative 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 78,096
depreciation
Total 164,638 159,383 159,383 160,844 159,383 159,383 160,844 159,383 159,383 160,844 159,383 159,383 1,922,234
administrative
expense
Selling and 184,488 164,633 164,633 166,094 164,633 164,633 166,094 164,633 164,633 166,094 164,633 164,633 1,999,834
administrative
expense
Earnings before 1,084,416 968,317 644,119 803,014 462,847 434,959 510,190 358,267 323,407 1,054,006 1,438,927 1,557,535 9,640,004
interest and Tax
Interest and 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 1,800,000
principle loan
expense
After interest 934,416 818,317 494,119 653,014 312,847 284,959 360,190 208,267 173,407 904,006 1,288,927 1,407,535 7,840,004
income
Income Tax (30%) 280,325 245,495 148,236 195,904 93,854 85,488 108,057 62,480 52,022 271,202 386,678 422,261 2,352,001
Net income 654,091 572,822 345,883 457,110 218,993 199,471 252,133 145,787 121,385 632,804 902,249 985,275 5,488,003
224

Income Statement
Sales 3,323,320 2,967,250 2,118,160 2,538,140 1,643,400 1,570,360 1,771,220 1,369,500 1,278,200 3,195,500 4,199,800 4,272,840 30,247,690
Gross margin 1,329,328 1,186,900 847,264 1,015,256 657,360 628,144 708,488 547,800 511,280 1,278,200 1,679,920 1,709,136 12,099,076
Marketing expense
website 2,200 - - - - - - - - - - - 2,200
Radio 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 39,600
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 26,400
Market officer 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
HRM Department 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
Chef 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 125,400
Housekeeper 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 59,400
225
Office supplies 2,804 0 0 1,530 0 0 1,530 0 0 1,530 0 0 7,394
Utility expense 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 165,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Interest and principle loan expense 0 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax (30%) 341,696 304,993 203,102 253,040 146,131 137,366 161,010 113,263 102,307 331,924 452,899 461,663 3,009,392
Net income 797,291 711,649 473,904 590,428 340,971 320,520 375,690 264,279 238,715 774,488 1,056,763 1,077,215 7,021,915
226

Income Statement
Sales 3,474,380 3,102,125 2,214,440 2,653,510 1,718,100 1,641,740 1,773,160 1,431,750 1,336,300 3,340,750 4,390,700 4,467,060 31,544,015
Gross margin 1,389,752 1,240,850 885,776 1,061,404 687,240 656,696 709,264 572,700 534,520 1,336,300 1,756,280 1,786,824 12,617,606
Marketing expense
website 2,300 - - - - - - - - - - - 2,300
Radio 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 41,400
Brochures - - - - - - - - - - - - -
Broad 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 27,600
Market officer 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
HRM Department 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
Chef 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 131,100
Housekeeper 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 62,100
227
Office supplies 2,931 0 0 1,600 0 0 1,600 0 0 1,600 0 0 7,731
Utility expense 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 172,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Income Tax (30%) 361,922 319,594 213,072 265,280 153,511 144,348 159,638 119,149 107,695 347,749 474,223 483,386 3,149,569
Net income 844,484 745,720 497,168 618,988 358,193 336,812 372,490 278,015 251,289 811,415 1,106,521 1,127,902 7,348,995
228

Income Statement
Sales 3,625,440 3,295,500 2,310,720 2,451,960 1,792,800 1,713,120 1,932,240 1,494,000 1,394,400 3,446,625 4,581,600 4,661,280 32,699,685
Gross margin 1,450,176 1,318,200 924,288 980,784 717,120 685,248 772,896 597,600 557,760 1,378,650 1,832,640 1,864,512 13,079,874
Marketing expense
website 2,400 - - - - - - - - - - - 2,400
Radio 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 43,200
Brochures - - - - - - - - - - - - -
Broad 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 28,800
Market officer 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
HRM Department 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
Chef 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 136,800
Housekeeper 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 64,800
229
Office supplies 3,059 0 0 1,669 0 0 1,669 0 0 1,669 0 0 8,066
Utility expense 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Interest and principle loan 0 0 0 0 0 0 0 0 0 0 0 0 0

expense
Income Tax (30%) 378,293 341,112 222,938 239,386 160,788 151,226 177,020 124,932 112,980 358,746 495,444 505,005 3,267,869
Net income 882,684 795,927 520,189 558,568 375,171 352,861 413,046 291,507 263,619 837,074 1,156,035 1,178,346 7,625,028
230

Loan 300,000

Year 1 3,000,000.00 600,000.00 2,400,000.00 750,000.00 3,750,000.00
Year 2 2,400,000.00 600,000.00 1,800,000.00 600,000.00 3,000,000.00
Year 3 1,800,000.00 600,000.00 1,200,000.00 450,000.00 2,250,000.00
Year 4 1,200,000.00 600,000.00 600,000.00 300,000.00 1,500,000.00
Year 5 600,000.00 600,000.00 - 150,000.00 750,000.00

Income Statement
Sales 3,021,200 2,697,500 1,925,600 2,307,400 1,494,000 1,427,600 1,610,200 1,245,000 1,162,000 2,905,000 3,818,000 3,884,400 27,497,900
Gross margin 1,208,480 1,079,000 770,240 922,960 597,600 571,040 644,080 498,000 464,800 1,162,000 1,527,200 1,553,760 10,999,160
Marketing expense
website 2,000 - - - - - - - - - - - 2,000
Radio 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Brochures 15,000 - - - - - - - - - - - 15,000
Broad 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
231
Market officer 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
HRM Department 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
Chef 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 114,000
Housekeeper 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 54,000
Office supplies 2,549 0 0 1,391 0 0 1,391 0 0 1,391 0 0 6,722
Utility expense 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 150,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Earnings before interest and Tax 1,027,344 919,992 611,232 762,561 438,592 412,032 483,681 338,992 305,792 1,001,601 1,368,192 1,394,752 9,064,763
Interest and principle loan 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 1,875,000
expense
Income Tax (30%) 261,328 229,123 136,495 181,893 84,703 76,735 98,229 54,823 44,863 253,605 363,583 371,551 2,156,929
Net income 609,766 534,619 318,487 424,418 197,639 179,047 229,202 127,919 104,679 591,746 848,359 866,951 5,032,834
232

Income Statement
Sales 3,172,260 2,832,375 2,021,880 2,422,770 1,568,700 1,498,980 1,690,710 1,307,250 1,220,100 3,050,250 4,008,900 4,305,420 29,099,595
Gross margin 1,268,904 1,132,950 808,752 969,108 627,480 599,592 676,284 522,900 488,040 1,220,100 1,603,560 1,722,168 11,639,838
Marketing expense
website 2,100 - - - - - - - - - - - 2,100
Radio 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 37,800
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200
Market officer 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
HRM Department 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
Chef 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 119,700
Housekeeper 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 56,700
Office supplies 2,676 0 0 1,461 0 0 1,461 0 0 1,461 0 0 7,059

233
Utility expense 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 157,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Income Tax (30%) 278,450 243,620 146,361 194,029 91,979 83,613 106,182 60,605 50,147 269,327 384,803 420,386 2,329,501
Net income 649,716 568,447 341,508 452,735 214,618 195,096 247,758 141,412 117,010 628,429 897,874 980,900 5,435,503
234

Income Statement
Sales 3,323,320 2,967,250 2,118,160 2,538,140 1,643,400 1,570,360 1,771,220 1,369,500 1,278,200 3,195,500 4,199,800 4,272,840 30,247,690
Gross margin 1,329,328 1,186,900 847,264 1,015,256 657,360 628,144 708,488 547,800 511,280 1,278,200 1,679,920 1,709,136 12,099,076
Marketing expense
website 2,200 - - - - - - - - - - - 2,200
Radio 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 39,600
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 26,400
Market officer 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
HRM Department 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
Chef 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 125,400
Housekeeper 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 59,400
Office supplies 2,804 0 0 1,530 0 0 1,530 0 0 1,530 0 0 7,394

235
Utility expense 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 165,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
Income Tax (30%) 341,696 304,993 203,102 253,040 146,131 137,366 161,010 113,263 102,307 331,924 452,899 461,663 3,009,392
Net income 797,291 711,649 473,904 590,428 340,971 320,520 375,690 264,279 238,715 774,488 1,056,763 1,077,215 7,021,915
236

Income Statement
Sales 3,474,380 3,102,125 2,214,440 2,653,510 1,718,100 1,641,740 1,773,160 1,431,750 1,336,300 3,340,750 4,390,700 4,467,060 31,544,015
Gross margin 1,389,752 1,240,850 885,776 1,061,404 687,240 656,696 709,264 572,700 534,520 1,336,300 1,756,280 1,786,824 12,617,606
Marketing expense
website 2,300 - - - - - - - - - - - 2,300
Radio 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 41,400
Brochures - - - - - - - - - - - - -
Broad 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 27,600
Market officer 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
HRM Department 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
Chef 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 131,100
Housekeeper 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 62,100
Office supplies 2,931 0 0 1,600 0 0 1,600 0 0 1,600 0 0 7,731

237
Utility expense 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 172,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Income Tax (30%) 361,922 319,594 213,072 265,280 153,511 144,348 159,638 119,149 107,695 347,749 474,223 483,386 3,149,569
Net income 844,484 745,720 497,168 618,988 358,193 336,812 372,490 278,015 251,289 811,415 1,106,521 1,127,902 7,348,995
238

Income Statement
Sales 3,625,440 3,295,500 2,310,720 2,451,960 1,792,800 1,713,120 1,932,240 1,494,000 1,394,400 3,446,625 4,581,600 4,661,280 32,699,685
Gross margin 1,450,176 1,318,200 924,288 980,784 717,120 685,248 772,896 597,600 557,760 1,378,650 1,832,640 1,864,512 13,079,874
Marketing expense
website 2,400 - - - - - - - - - - - 2,400
Radio 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 43,200
Brochures - - - - - - - - - - - - -
Broad 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 28,800
Market officer 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
HRM Department 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
Chef 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 136,800
Housekeeper 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 64,800
239
Office supplies 3,059 0 0 1,669 0 0 1,669 0 0 1,669 0 0 8,066
Utility expense 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

Income Tax (30%) 378,293 341,112 222,938 239,386 160,788 151,226 177,020 124,932 112,980 358,746 495,444 505,005 3,267,869
Net income 882,684 795,927 520,189 558,568 375,171 352,861 413,046 291,507 263,619 837,074 1,156,035 1,178,346 7,625,028
240

Loan 300,000

Year 1 3,000,000.00 600,000.00 2,400,000.00 900,000.00 3,900,000.00
Year 2 2,400,000.00 600,000.00 1,800,000.00 720,000.00 3,120,000.00
Year 3 1,800,000.00 600,000.00 1,200,000.00 540,000.00 2,340,000.00
Year 4 1,200,000.00 600,000.00 600,000.00 360,000.00 1,560,000.00
Year 5 600,000.00 600,000.00 - 180,000.00 780,000.00

Income Statement
Sales 3,021,200 2,697,500 1,925,600 2,307,400 1,494,000 1,427,600 1,610,200 1,245,000 1,162,000 2,905,000 3,818,000 3,884,400 27,497,900
Gross margin 1,208,480 1,079,000 770,240 922,960 597,600 571,040 644,080 498,000 464,800 1,162,000 1,527,200 1,553,760 10,999,160
Marketing expense
website 2,000 - - - - - - - - - - - 2,000
Radio 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Brochures 15,000 - - - - - - - - - - - 15,000
Broad 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
241
Market officer 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
HRM Department 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
Chef 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 114,000
Housekeeper 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 54,000
Office supplies 2,549 0 0 1,391 0 0 1,391 0 0 1,391 0 0 6,722
Utility expense 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 150,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Income Tax (30%) 259,453 227,248 134,620 180,018 82,828 74,860 96,354 52,948 42,988 251,730 361,708 369,676 2,134,429
Net income 605,391 530,244 314,112 420,043 193,264 174,672 224,827 123,544 100,304 587,371 843,984 862,576 4,980,334
242

Income Statement
Sales 3,172,260 2,832,375 2,021,880 2,422,770 1,568,700 1,498,980 1,690,710 1,307,250 1,220,100 3,050,250 4,008,900 4,305,420 29,099,595
Gross margin 1,268,904 1,132,950 808,752 969,108 627,480 599,592 676,284 522,900 488,040 1,220,100 1,603,560 1,722,168 11,639,838
Marketing expense
website 2,100 - - - - - - - - - - - 2,100
Radio 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 37,800
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200
Market officer 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
HRM Department 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
Chef 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 119,700
Housekeeper 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 56,700
243
Office supplies 2,676 0 0 1,461 0 0 1,461 0 0 1,461 0 0 7,059
Utility expense 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 157,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Income Tax (30%) 276,575 241,745 144,486 192,154 90,104 81,738 104,307 58,730 48,272 267,452 382,928 418,511 2,307,001
Net income 645,341 564,072 337,133 448,360 210,243 190,721 243,383 137,037 112,635 624,054 893,499 976,525 5,383,003
244

Income Statement
Sales 3,323,320 2,967,250 2,118,160 2,538,140 1,643,400 1,570,360 1,771,220 1,369,500 1,278,200 3,195,500 4,199,800 4,272,840 30,247,690
Gross margin 1,329,328 1,186,900 847,264 1,015,256 657,360 628,144 708,488 547,800 511,280 1,278,200 1,679,920 1,709,136 12,099,076
Marketing expense
website 2,200 - - - - - - - - - - - 2,200
Radio 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 39,600
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 26,400
Market officer 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
HRM Department 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
Chef 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 125,400
Housekeeper 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 59,400
Office supplies 2,804 0 0 1,530 0 0 1,530 0 0 1,530 0 0 7,394

245
Utility expense 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 165,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
Income Tax (30%) 341,696 304,993 203,102 253,040 146,131 137,366 161,010 113,263 102,307 331,924 452,899 461,663 3,009,392
Net income 797,291 711,649 473,904 590,428 340,971 320,520 375,690 264,279 238,715 774,488 1,056,763 1,077,215 7,021,915
246

Income Statement
Sales 3,474,380 3,102,125 2,214,440 2,653,510 1,718,100 1,641,740 1,773,160 1,431,750 1,336,300 3,340,750 4,390,700 4,467,060 31,544,015
Gross margin 1,389,752 1,240,850 885,776 1,061,404 687,240 656,696 709,264 572,700 534,520 1,336,300 1,756,280 1,786,824 12,617,606
Marketing expense
website 2,300 - - - - - - - - - - - 2,300
Radio 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 41,400
Brochures - - - - - - - - - - - - -
Broad 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 27,600
Market officer 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
HRM Department 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
Chef 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 131,100
Housekeeper 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 62,100
247
Office supplies 2,931 0 0 1,600 0 0 1,600 0 0 1,600 0 0 7,731
Utility expense 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 172,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
Income Tax (30%) 361,922 319,594 213,072 265,280 153,511 144,348 159,638 119,149 107,695 347,749 474,223 483,386 3,149,569
Net income 844,484 745,720 497,168 618,988 358,193 336,812 372,490 278,015 251,289 811,415 1,106,521 1,127,902 7,348,995
248

Income Statement
Sales 3,625,440 3,295,500 2,310,720 2,451,960 1,792,800 1,713,120 1,932,240 1,494,000 1,394,400 3,446,625 4,581,600 4,661,280 32,699,685
Gross margin 1,450,176 1,318,200 924,288 980,784 717,120 685,248 772,896 597,600 557,760 1,378,650 1,832,640 1,864,512 13,079,874
Marketing expense
website 2,400 - - - - - - - - - - - 2,400
Radio 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 43,200
Brochures - - - - - - - - - - - - -
Broad 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 28,800
Market officer 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
HRM Department 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
Chef 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 136,800
249
Housekeeper 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 64,800
Office supplies 3,059 0 0 1,669 0 0 1,669 0 0 1,669 0 0 8,066
Utility expense 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

Income Tax (30%) 378,293 341,112 222,938 239,386 160,788 151,226 177,020 124,932 112,980 358,746 495,444 505,005 3,267,869
Net income 882,684 795,927 520,189 558,568 375,171 352,861 413,046 291,507 263,619 837,074 1,156,035 1,178,346 7,625,028
250
Cost/Expense increase 5%

Income Statement
Sales 3,021,200 2,697,500 1,925,600 2,307,400 1,494,000 1,427,600 1,610,200 1,245,000 1,162,000 2,905,000 3,818,000 3,884,400 27,497,900
Gross margin 1,208,480 1,079,000 770,240 922,960 597,600 571,040 644,080 498,000 464,800 1,162,000 1,527,200 1,553,760 10,999,160
Marketing expense
website 2,100 - - - - - - - - - - - 2,100
Radio 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 36,000
Brochures 15,750 - - - - - - - - - - - 15,750
Broad 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200
Market officer 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
HRM Department 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
251
Chef 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 119,700
Housekeeper 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 56,700
Office supplies 2,676 2,676 2,676 2,676 2,676 2,676 2,676 2,676 2,676 2,676 2,676 2,676 32,112
Utility expense 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 157,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Earnings before interest and Tax 1,020,742 911,691 602,931 755,651 430,291 403,731 476,771 330,691 297,491 994,691 1,359,891 1,386,451 8,972,823
expense
Income Tax (30%) 263,098 230,382 137,754 183,570 85,962 77,994 99,906 56,082 46,122 255,282 364,842 372,810 2,174,347
Net income 613,894 537,559 321,427 428,331 200,579 181,987 233,115 130,859 107,619 595,659 851,299 869,891 5,073,476
252

Income Statement
Sales 3,172,260 2,832,375 2,021,880 2,422,770 1,568,700 1,498,980 1,690,710 1,307,250 1,220,100 3,050,250 4,008,900 4,305,420 29,099,595
Gross margin 1,268,904 1,132,950 808,752 969,108 627,480 599,592 676,284 522,900 488,040 1,220,100 1,603,560 1,722,168 11,639,838
Marketing expense
website 2,205 - - - - - - - - - - - 2,205
Radio 3,308 3,308 3,308 3,308 3,308 3,308 3,308 3,308 3,308 3,308 3,308 3,308 39,696
Brochures 13,125 - - - - - - - - - - - 13,125
Broad 2,205 2,205 2,205 2,205 2,205 2,205 2,205 2,205 2,205 2,205 2,205 2,205 26,460
Market officer 9,371 9,371 9,371 9,371 9,371 9,371 9,371 9,371 9,371 9,371 9,371 9,371 112,452
253
HRM Department 9,371 9,371 9,371 9,371 9,371 9,371 9,371 9,371 9,371 9,371 9,371 9,371 112,452
Chef 10,474 10,474 10,474 10,474 10,474 10,474 10,474 10,474 10,474 10,474 10,474 10,474 125,688
Housekeeper 4,961 4,961 4,961 4,961 4,961 4,961 4,961 4,961 4,961 4,961 4,961 4,961 59,532
Office supplies 2,810 0 0 1,534 0 0 1,534 0 0 1,534 0 0 7,412
Utility expense 13,781 13,781 13,781 13,781 13,781 13,781 13,781 13,781 13,781 13,781 13,781 13,781 165,372
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Income Tax (30%) 280,169 245,598 148,339 195,986 93,957 85,591 108,138 62,583 52,125 271,283 386,781 422,364 2,352,915
Net income 653,727 573,063 346,124 457,300 219,234 199,712 252,323 146,028 121,626 632,994 902,490 985,515 5,490,134
254

Income Statement
Sales 3,323,320 2,967,250 2,118,160 2,538,140 1,643,400 1,570,360 1,771,220 1,369,500 1,278,200 3,195,500 4,199,800 4,272,840 30,247,690
Gross margin 1,329,328 1,186,900 847,264 1,015,256 657,360 628,144 708,488 547,800 511,280 1,278,200 1,679,920 1,709,136 12,099,076
Marketing expense
website 2,310 - - - - - - - - - - - 2,310
Radio 3,465 3,465 3,465 3,465 3,465 3,465 3,465 3,465 3,465 3,465 3,465 3,465 41,580
Brochures 13,125 - - - - - - - - - - - 13,125
Broad 2,310 2,310 2,310 2,310 2,310 2,310 2,310 2,310 2,310 2,310 2,310 2,310 27,720
Market officer 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 117,816
HRM Department 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 117,816
255
Chef 10,973 10,973 10,973 10,973 10,973 10,973 10,973 10,973 10,973 10,973 10,973 10,973 131,676
Housekeeper 5,196 5,196 5,196 5,196 5,196 5,196 5,196 5,196 5,196 5,196 5,196 5,196 62,352
Office supplies 46,725 0 0 1,607 0 0 1,607 0 0 1,607 0 0 51,546
Utility expense 14,438 14,438 14,438 14,438 14,438 14,438 14,438 14,438 14,438 14,438 14,438 14,438 173,256
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
Income Tax (30%) 327,111 303,804 201,914 251,829 144,942 136,178 159,799 112,074 101,118 330,712 451,710 460,475 2,981,666
Net income 763,259 708,877 471,132 587,601 338,199 317,748 372,863 261,507 235,943 771,662 1,053,991 1,074,442 6,957,222
256

Income Statement
Sales 3,474,380 3,102,125 2,214,440 2,653,510 1,718,100 1,641,740 1,773,160 1,431,750 1,336,300 3,340,750 4,390,700 4,467,060 31,544,015
Gross margin 1,389,752 1,240,850 885,776 1,061,404 687,240 656,696 709,264 572,700 534,520 1,336,300 1,756,280 1,786,824 12,617,606
Marketing expense
website 2,415 - - - - - - - - - - - 2,415
Radio 3,623 3,623 3,623 3,623 3,623 3,623 3,623 3,623 3,623 3,623 3,623 3,623 43,476
Brochures - - - - - - - - - - - -
Broad 2,415 2,415 2,415 2,415 2,415 2,415 2,415 2,415 2,415 2,415 2,415 2,415 28,980
Market officer 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 123,168
HRM Department 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 123,168
Chef 11,471 11,471 11,471 11,471 11,471 11,471 11,471 11,471 11,471 11,471 11,471 11,471 137,652
257
Housekeeper 5,434 5,434 5,434 5,434 5,434 5,434 5,434 5,434 5,434 5,434 5,434 5,434 65,208
Office supplies 3,078 0 0 1,680 0 0 1,680 0 0 1,680 0 0 8,118
Utility expense 15,094 15,094 15,094 15,094 15,094 15,094 15,094 15,094 15,094 15,094 15,094 15,094 181,128
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
Income Tax (30%) 359,902 317,653 211,131 263,315 151,570 142,407 157,673 117,208 105,754 345,784 472,282 481,445 3,126,123
Net income 839,771 741,190 492,638 614,402 353,663 332,282 367,904 273,485 246,759 806,829 1,101,991 1,123,372 7,294,287
258

Income Statement
Sales 3,625,440 3,295,500 2,310,720 2,451,960 1,792,800 1,713,120 1,932,240 1,494,000 1,394,400 3,446,625 4,581,600 4,661,280 32,699,685
Gross margin 1,450,176 1,318,200 924,288 980,784 717,120 685,248 772,896 597,600 557,760 1,378,650 1,832,640 1,864,512 13,079,874
Marketing expense
website 2,520 - - - - - - - - - - - 2,520
Radio 3,780 3,780 3,780 3,780 3,780 3,780 3,780 3,780 3,780 3,780 3,780 3,780 45,360
Brochures - - - - - - - - - - - - -
Broad 2,520 2,520 2,520 2,520 2,520 2,520 2,520 2,520 2,520 2,520 2,520 2,520 30,240
Market officer 10,710 10,710 10,710 10,710 10,710 10,710 10,710 10,710 10,710 10,710 10,710 10,710 128,520
HRM Department 10,710 10,710 10,710 10,710 10,710 10,710 10,710 10,710 10,710 10,710 10,710 10,710 128,520
Chef 11,970 11,970 11,970 11,970 11,970 11,970 11,970 11,970 11,970 11,970 11,970 11,970 143,640
259
Housekeeper 5,670 5,670 5,670 5,670 5,670 5,670 5,670 5,670 5,670 5,670 5,670 5,670 68,040
Office supplies 3,212 0 0 1,752 0 0 1,752 0 0 1,752 0 0 8,468
Utility expense 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 15,750 189,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
Income Tax (30%) 376,186 339,087 220,913 237,336 158,763 149,201 174,970 122,907 110,955 356,696 493,419 502,980 3,243,413
Net income 877,768 791,202 515,464 553,785 370,446 348,136 408,263 286,782 258,894 832,291 1,151,310 1,173,621 7,567,963
260

Income Statement
Sales 3,021,200 2,697,500 1,925,600 2,307,400 1,494,000 1,427,600 1,610,200 1,245,000 1,162,000 2,905,000 3,818,000 3,884,400 27,497,900
Gross margin 1,208,480 1,079,000 770,240 922,960 597,600 571,040 644,080 498,000 464,800 1,162,000 1,527,200 1,553,760 10,999,160
Marketing expense
website 2,200 - - - - - - - - - - - 2,200
Radio 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 39,600
Brochures 16,500 - - - - - - - - - - - 16,500
Broad 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 26,400
Market officer 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
261
HRM Department 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
Chef 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 125,400
Housekeeper 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 59,400
Office supplies 2,804 0 0 1,529 0 0 1,529 0 0 1,529 0 0 7,391
Utility expense 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 165,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Income Tax (30%) 261,117 229,498 136,870 182,227 85,078 77,110 98,563 55,198 45,238 253,939 363,958 371,926 2,160,718
Net income 609,272 535,494 319,362 425,196 198,514 179,922 229,980 128,794 105,554 592,524 849,234 867,826 5,041,676
262

Income Statement
Sales 3,172,260 2,832,375 2,021,880 2,422,770 1,568,700 1,498,980 1,690,710 1,307,250 1,220,100 3,050,250 4,008,900 4,305,420 29,099,595
Gross margin 1,268,904 1,132,950 808,752 969,108 627,480 599,592 676,284 522,900 488,040 1,220,100 1,603,560 1,722,168 11,639,838
Marketing expense
website 2,310 - - - - - - - - - - - 2,310
Radio 3,465 3,465 3,465 3,465 3,465 3,465 3,465 3,465 3,465 3,465 3,465 3,465 41,580
Brochures 13,750 - - - - - - - - - - - 13,750
Broad 2,310 2,310 2,310 2,310 2,310 2,310 2,310 2,310 2,310 2,310 2,310 2,310 27,720
Market officer 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 117,816
HRM Department 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 9,818 117,816
Chef 10,973 10,973 10,973 10,973 10,973 10,973 10,973 10,973 10,973 10,973 10,973 10,973 131,676
263
Housekeeper 5,198 5,198 5,198 5,198 5,198 5,198 5,198 5,198 5,198 5,198 5,198 5,198 62,376
Office supplies 2,944 0 0 1,607 0 0 1,607 0 0 1,607 0 0 7,765
Utility expense 14,438 14,438 14,438 14,438 14,438 14,438 14,438 14,438 14,438 14,438 14,438 14,438 173,256
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Income Tax (30%) 278,137 243,825 146,566 194,191 92,184 83,818 106,343 60,810 50,352 269,488 385,008 420,591 2,331,314
Net income 648,985 568,926 341,987 453,111 215,097 195,575 248,135 141,891 117,489 628,806 898,353 981,378 5,439,732
264

Income Statement
Sales 3,323,320 2,967,250 2,118,160 2,538,140 1,643,400 1,570,360 1,771,220 1,369,500 1,278,200 3,195,500 4,199,800 4,272,840 30,247,690
Gross margin 1,329,328 1,186,900 847,264 1,015,256 657,360 628,144 708,488 547,800 511,280 1,278,200 1,679,920 1,709,136 12,099,076
Marketing expense
website 2,420 - - - - - - - - - - - 2,420
Radio 3,630 3,630 3,630 3,630 3,630 3,630 3,630 3,630 3,630 3,630 3,630 3,630 43,560
Brochures 13,750 - - - - - - - - - - - 13,750
Broad 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 26,400
Market officer 10,285 10,285 10,285 10,285 10,285 10,285 10,285 10,285 10,285 10,285 10,285 10,285 123,420
HRM Department 10,285 10,285 10,285 10,285 10,285 10,285 10,285 10,285 10,285 10,285 10,285 10,285 123,420
Chef 11,495 11,495 11,495 11,495 11,495 11,495 11,495 11,495 11,495 11,495 11,495 11,495 137,940
265
Housekeeper 5,445 5,445 5,445 5,445 5,445 5,445 5,445 5,445 5,445 5,445 5,445 5,445 65,340
Office supplies 3,084 0 0 1,683 0 0 1,683 0 0 1,683 0 0 8,133
Utility expense 15,125 15,125 15,125 15,125 15,125 15,125 15,125 15,125 15,125 15,125 15,125 15,125 181,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
Income Tax (30%) 337,525 301,346 199,455 249,348 142,484 133,719 157,318 109,616 98,660 328,231 449,252 458,017 2,964,971
Net income 787,557 703,141 465,396 581,812 332,463 312,012 367,074 255,771 230,207 765,873 1,048,255 1,068,706 6,918,267
266

Income Statement
Sales 3,474,380 3,102,125 2,214,440 2,653,510 1,718,100 1,641,740 1,773,160 1,431,750 1,336,300 3,340,750 4,390,700 4,467,060 31,544,015
Gross margin 1,389,752 1,240,850 885,776 1,061,404 687,240 656,696 709,264 572,700 534,520 1,336,300 1,756,280 1,786,824 12,617,606
Marketing expense
website 2,530 - - - - - - - - - - - 2,530
Radio 3,795 3,795 3,795 3,795 3,795 3,795 3,795 3,795 3,795 3,795 3,795 3,795 45,540
Brochures - - - - - - - - - - - - -
Broad 2,530 2,530 2,530 2,530 2,530 2,530 2,530 2,530 2,530 2,530 2,530 2,530 30,360
Market officer 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 129,036
HRM Department 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 129,036
Chef 12,018 12,018 12,018 12,018 12,018 12,018 12,018 12,018 12,018 12,018 12,018 12,018 144,216
Housekeeper 5,693 5,693 5,693 5,693 5,693 5,693 5,693 5,693 5,693 5,693 5,693 5,693 68,316
267
Office supplies 3,224 0 0 1,760 0 0 1,760 0 0 1,760 0 0 8,504
Utility expense 15,813 15,813 15,813 15,813 15,813 15,813 15,813 15,813 15,813 15,813 15,813 15,813 189,756
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Income Tax (30%) 357,883 315,712 209,190 261,350 149,629 140,466 155,708 115,267 103,813 343,819 470,341 479,504 3,102,681
Net income 835,059 736,661 488,109 609,817 349,134 327,753 363,319 268,956 242,230 802,244 1,097,462 1,118,843 7,239,588
268

Income Statement
Sales 3,625,440 3,295,500 2,310,720 2,451,960 1,792,800 1,713,120 1,932,240 1,494,000 1,394,400 3,446,625 4,581,600 4,661,280 32,699,685
Gross margin 1,450,176 1,318,200 924,288 980,784 717,120 685,248 772,896 597,600 557,760 1,378,650 1,832,640 1,864,512 13,079,874
Marketing expense
website 2,640 - - - - - - - - - - - 2,640
Radio 3,960 3,960 3,960 3,960 3,960 3,960 3,960 3,960 3,960 3,960 3,960 3,960 47,520
Brochures - - - - - - - - - - - -
Broad 2,640 2,640 2,640 2,640 2,640 2,640 2,640 2,640 2,640 2,640 2,640 2,640 31,680
Market officer 11,220 11,220 11,220 11,220 11,220 11,220 11,220 11,220 11,220 11,220 11,220 11,220 134,640
HRM Department 11,220 11,220 11,220 11,220 11,220 11,220 11,220 11,220 11,220 11,220 11,220 11,220 134,640
Chef 12,540 12,540 12,540 12,540 12,540 12,540 12,540 12,540 12,540 12,540 12,540 12,540 150,480
Housekeeper 5,940 5,940 5,940 5,940 5,940 5,940 5,940 5,940 5,940 5,940 5,940 5,940 71,280
269
Office supplies 3,365 0 0 1,836 0 0 1,836 0 0 1,836 0 0 8,873
Utility expense 16,500 16,500 16,500 16,500 16,500 16,500 16,500 16,500 16,500 16,500 16,500 16,500 198,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Income Tax (30%) 374,079 337,062 218,888 235,286 156,738 147,176 172,920 120,882 108,930 354,646 491,394 500,955 3,218,955
Net income 872,852 786,477 510,739 549,001 365,721 343,411 403,479 282,057 254,169 827,507 1,146,585 1,168,896 7,510,895
270

Income Statement
Sales 3,021,200 2,697,500 1,925,600 2,307,400 1,494,000 1,427,600 1,610,200 1,245,000 1,162,000 2,905,000 3,818,000 3,884,400 27,497,900
Gross margin 1,208,480 1,079,000 770,240 922,960 597,600 571,040 644,080 498,000 464,800 1,162,000 1,527,200 1,553,760 10,999,160
Marketing expense
website 2,300 - - - - - - - - - - - 2,300
Radio 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 41,400
Brochures 17,250 - - - - - - - - - - - 17,250
Broad 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 27,600
Market officer 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
271
HRM Department 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
Chef 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 131,100
Housekeeper 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 62,100
Office supplies 2,931 0 0 1,600 0 0 1,600 0 0 1,600 0 0 7,731
Utility expense 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 172,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Income Tax (30%) 259,136 227,810 135,182 180,518 83,390 75,422 96,854 53,510 43,550 252,230 362,270 370,238 2,140,111
Net income 604,651 531,557 315,425 421,209 194,577 175,985 225,993 124,857 101,617 588,537 845,297 863,889 4,993,593
272

Income Statement
Sales 3,172,260 2,832,375 2,021,880 2,422,770 1,568,700 1,498,980 1,690,710 1,307,250 1,220,100 3,050,250 4,008,900 4,305,420 29,099,595
Gross margin 1,268,904 1,132,950 808,752 969,108 627,480 599,592 676,284 522,900 488,040 1,220,100 1,603,560 1,722,168 11,639,838
Marketing expense
website 2,415 - - - - - - - - - - - 2,415
Radio 3,623 3,623 3,623 3,623 3,623 3,623 3,623 3,623 3,623 3,623 3,623 3,623 43,476
Brochures 14,375 - - - - - - - - - - - 14,375
Broad 2,415 2,415 2,415 2,415 2,415 2,415 2,415 2,415 2,415 2,415 2,415 2,415 28,980
Market officer 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 123,168
HRM Department 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 10,264 123,168
Chef 11,471 11,471 11,471 11,471 11,471 11,471 11,471 11,471 11,471 11,471 11,471 11,471 137,652
273
Housekeeper 5,434 5,434 5,434 5,434 5,434 5,434 5,434 5,434 5,434 5,434 5,434 5,434 65,208
Office supplies 3,077 0 0 1,680 0 0 1,680 0 0 1,680 0 0 8,117
Utility expense 15,094 15,094 15,094 15,094 15,094 15,094 15,094 15,094 15,094 15,094 15,094 15,094 181,128
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Income Tax (30%) 276,106 242,054 144,794 192,397 90,413 82,046 104,550 59,039 48,581 267,695 383,237 418,819 2,309,731
Net income 644,248 564,792 337,854 448,927 210,963 191,442 243,950 137,757 113,355 624,621 894,219 977,245 5,389,373
274

Income Statement
Sales 3,323,320 2,967,250 2,118,160 2,538,140 1,643,400 1,570,360 1,771,220 1,369,500 1,278,200 3,195,500 4,199,800 4,272,840 30,247,690
Gross margin 1,329,328 1,186,900 847,264 1,015,256 657,360 628,144 708,488 547,800 511,280 1,278,200 1,679,920 1,709,136 12,099,076
Marketing expense
website 2,530 - - - - - - - - - - - 2,530
Radio 3,795 3,795 3,795 3,795 3,795 3,795 3,795 3,795 3,795 3,795 3,795 3,795 45,540
Brochures 14,375 - - - - - - - - - - - 14,375
Broad 2,530 2,530 2,530 2,530 2,530 2,530 2,530 2,530 2,530 2,530 2,530 2,530 30,360
Market officer 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 129,036
HRM Department 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 10,753 129,036
Chef 12,018 12,018 12,018 12,018 12,018 12,018 12,018 12,018 12,018 12,018 12,018 12,018 144,216
275
Housekeeper 5,693 5,693 5,693 5,693 5,693 5,693 5,693 5,693 5,693 5,693 5,693 5,693 68,316
Office supplies 3,225 0 0 1,760 0 0 1,760 0 0 1,760 0 0 8,505
Utility expense 15,813 15,813 15,813 15,813 15,813 15,813 15,813 15,813 15,813 15,813 15,813 15,813 189,756
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
After interest income 1,117,795 998,076 658,440 824,672 468,536 439,320 517,904 358,976 322,456 1,087,616 1,491,096 1,520,312 9,805,199
Income Tax (30%) 335,339 299,423 197,532 247,402 140,561 131,796 155,371 107,693 96,737 326,285 447,329 456,094 2,941,560
Net income 782,457 698,653 460,908 577,270 327,975 307,524 362,533 251,283 225,719 761,331 1,043,767 1,064,218 6,863,639
276

Income Statement
Sales 3,474,380 3,102,125 2,214,440 2,653,510 1,718,100 1,641,740 1,773,160 1,431,750 1,336,300 3,340,750 4,390,700 4,467,060 31,544,015
Gross margin 1,389,752 1,240,850 885,776 1,061,404 687,240 656,696 709,264 572,700 534,520 1,336,300 1,756,280 1,786,824 12,617,606
Marketing expense
website 2,645 - - - - - - - - - - - 2,645
Radio 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 47,616
Brochures - - - - - - - - - - - -
Broad 2,645 2,645 2,645 2,645 2,645 2,645 2,645 2,645 2,645 2,645 2,645 2,645 31,740
Market officer 11,241 11,241 11,241 11,241 11,241 11,241 11,241 11,241 11,241 11,241 11,241 11,241 134,892
HRM Department 11,241 11,241 11,241 11,241 11,241 11,241 11,241 11,241 11,241 11,241 11,241 11,241 134,892
Chef 12,564 12,564 12,564 12,564 12,564 12,564 12,564 12,564 12,564 12,564 12,564 12,564 150,768
277
Housekeeper 5,951 5,951 5,951 5,951 5,951 5,951 5,951 5,951 5,951 5,951 5,951 5,951 71,412
Office supplies 3,371 0 0 1,840 0 0 1,840 0 0 1,840 0 0 8,891
Utility expense 16,531 16,531 16,531 16,531 16,531 16,531 16,531 16,531 16,531 16,531 16,531 16,531 198,372
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
Income Tax (30%) 355,865 313,772 207,250 259,387 147,689 138,526 153,745 113,327 101,873 341,855 468,401 477,565 3,079,256
Net income 830,351 732,136 483,584 605,235 344,609 323,228 358,737 264,431 237,705 797,663 1,092,937 1,114,317 7,184,931
278

Income Statement
Sales 3,625,440 3,295,500 2,310,720 2,451,960 1,792,800 1,713,120 1,932,240 1,494,000 1,394,400 3,446,625 4,581,600 4,661,280 32,699,685
Gross margin 1,450,176 1,318,200 924,288 980,784 717,120 685,248 772,896 597,600 557,760 1,378,650 1,832,640 1,864,512 13,079,874
Marketing expense
website 2,760 - - - - - - - - - - - 2,760
Radio 4,140 4,140 4,140 4,140 4,140 4,140 4,140 4,140 4,140 4,140 4,140 4,140 49,680
Brochures - - - - - - - - - - - -
Broad 2,760 2,760 2,760 2,760 2,760 2,760 2,760 2,760 2,760 2,760 2,760 2,760 33,120
Market officer 11,730 11,730 11,730 11,730 11,730 11,730 11,730 11,730 11,730 11,730 11,730 11,730 140,760
HRM Department 11,730 11,730 11,730 11,730 11,730 11,730 11,730 11,730 11,730 11,730 11,730 11,730 140,760
Chef 13,110 13,110 13,110 13,110 13,110 13,110 13,110 13,110 13,110 13,110 13,110 13,110 157,320
279
Housekeeper 6,210 6,210 6,210 6,210 6,210 6,210 6,210 6,210 6,210 6,210 6,210 6,210 74,520
Office supplies 3,518 0 0 1,919 0 0 1,919 0 0 1,919 0 0 9,275
Utility expense 17,250 17,250 17,250 17,250 17,250 17,250 17,250 17,250 17,250 17,250 17,250 17,250 207,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
Income Tax (30%) 371,972 335,037 216,863 233,236 154,713 145,151 170,870 118,857 106,905 352,596 489,369 498,930 3,194,498
Net income 867,936 781,752 506,014 544,218 360,996 338,686 398,696 277,332 249,444 822,724 1,141,860 1,164,171 7,453,830
280
Sales decrease by 5% : 95%

Income Statement
Sales 2,870,140 2,562,625 1,829,320 2,192,030 1,419,300 1,356,220 1,529,690 1,182,750 1,103,900 2,759,750 3,627,100 3,690,180 26,123,005
Gross margin 1,148,056 1,025,050 731,728 876,812 567,720 542,488 611,876 473,100 441,560 1,103,900 1,450,840 1,476,072 10,449,202
Marketing expense
website 2,000 - - - - - - - - - - - 2,000
Radio 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Brochures 15,000 - - - - - - - - - - - 15,000
Broad 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Market officer 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
HRM Department 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
Chef 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 114,000
Housekeeper 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 54,000
281
Office supplies 2,549 0 0 1,391 0 0 1,391 0 0 1,391 0 0 6,722
Utility expense 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 150,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Earnings before interest and Tax 966,920 866,042 572,720 716,413 408,712 383,480 451,477 314,092 282,552 943,501 1,291,832 1,317,064 8,514,805
expense
Income Tax (30%) 246,951 216,688 128,691 171,799 79,489 71,919 92,318 51,103 41,641 239,925 344,425 351,994 2,036,942
Net income 576,219 505,604 300,279 400,864 185,473 167,811 215,409 119,239 97,161 559,826 803,657 821,320 4,752,864
282

Income Statement
Sales 3,013,647 2,690,756 1,920,786 2,301,632 1,490,265 1,424,031 1,606,175 1,241,888 1,159,095 2,897,738 3,808,455 4,090,149 27,644,615
Gross margin 1,205,459 1,076,303 768,314 920,653 596,106 569,612 642,470 496,755 463,638 1,159,095 1,523,382 1,636,060 11,057,846
Marketing expense
website 2,100 - - - - - - - - - - - 2,100
Radio 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 37,800
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200
Market officer 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
HRM Department 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
Chef 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 119,700
Housekeeper 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 56,700
Office supplies 2,676 0 0 1,461 0 0 1,461 0 0 1,461 0 0 7,059

283
Utility expense 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 157,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Income Tax (30%) 263,166 230,376 137,979 183,243 86,317 78,369 99,788 56,512 46,577 254,775 364,500 398,303 2,199,904
Net income 614,055 537,544 321,952 427,566 201,406 182,861 232,838 131,860 108,679 594,476 850,499 929,374 5,133,108
284

Income Statement
Sales
3,157,154 2,818,888 2,012,252 2,411,233 1,561,230 1,491,842 1,682,659 1,301,025 1,214,290 3,035,725 3,989,810 4,059,198 28,735,306
Gross margin 1,262,862 1,127,555 804,901 964,493 624,492 596,737 673,064 520,410 485,716 1,214,290 1,595,924 1,623,679 11,494,122
Marketing expense
website 2,200 - - - - - - - - - - - 2,200
Radio 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 39,600
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 26,400
Market officer 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
officer
HRM Department 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
Chef 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 125,400
Housekeeper 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 59,400
Office supplies 2,804 0 0 1,530 0 0 1,530 0 0 1,530 0 0 7,394

285
Utility expense 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 165,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Earnings before interest and 1,072,521 957,297 634,643 792,705 454,234 426,479 501,276 350,152 315,458 1,042,502 1,425,666 1,453,421 9,426,353
Tax
expense
Income Tax (30%) 321,756 287,189 190,393 237,812 136,270 127,944 150,383 105,046 94,637 312,751 427,700 436,026 2,827,906
Net income 750,764 670,108 444,250 554,894 317,964 298,535 350,893 245,106 220,821 729,751 997,966 1,017,395 6,598,447
286

Income Statement
Sales 29,966,814
3,300,661 2,947,019 2,103,718 2,520,835 1,632,195 1,559,653 1,684,502 1,360,163 1,269,485 3,173,713 4,171,165 4,243,707
Gross margin 1,320,264 1,178,808 841,487 1,008,334 652,878 623,861 673,801 544,065 507,794 1,269,485 1,668,466 1,697,483 11,986,726
Marketing expense
website 2,300 - - - - - - - - - - - 2,300
Radio 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 41,400
Brochures - - - - - - - - - - - - -
Broad 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 27,600
Market officer 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
officer
HRM Department 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
Chef 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 131,100
Housekeeper 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 62,100
287
Office supplies 2,931 0 0 1,600 0 0 1,600 0 0 1,600 0 0 7,731
Utility expense 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 172,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Earnings before interest and 1,136,918 1,003,272 665,951 831,198 477,342 448,325 496,665 368,529 332,258 1,092,349 1,492,930 1,521,947 9,867,684
Tax
expense
Income Tax (30%) 341,076 300,981 199,785 249,359 143,203 134,498 148,999 110,559 99,677 327,705 447,879 456,584 2,960,305
Net income 795,843 702,290 466,166 581,838 334,139 313,828 347,665 257,970 232,581 764,644 1,045,051 1,065,363 6,907,379
288

Income Statement
Sales 3,444,168 1,324,680 4,428,216 31,064,701

3,130,725 2,195,184 2,329,362 1,703,160 1,627,464 1,835,628 1,419,300 3,274,294 4,352,520
Gross margin 1,377,667 1,252,290 878,074 931,745 681,264 650,986 734,251 567,720 529,872 1,309,718 1,741,008 1,771,286 12,425,880
Marketing expense
website 2,400 - - - - - - - - - - - 2,400
Radio 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 43,200
Brochures - - - - - - - - - - - - -
Broad 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 28,800
Market officer 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
officer
HRM Department 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
Chef 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 136,800
Housekeeper 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 64,800
289
Office supplies 3,059 0 0 1,669 0 0 1,669 0 0 1,669 0 0 8,066
Utility expense 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Tax
expense
Income Tax (30%) 356,540 321,339 209,074 224,674 150,031 140,947 165,426 115,968 104,613 338,066 467,954 477,038 3,071,671
Net income 831,928 749,790 487,839 524,240 350,072 328,877 385,995 270,591 244,098 788,821 1,091,893 1,113,088 7,167,232
290

Income Statement
Sales
2,719,080 2,427,750 1,733,040 2,076,660 1,344,600 1,284,840 1,449,180 1,120,500 1,045,800 2,614,500 3,436,200 3,495,960 24,748,110
Gross margin 1,087,632 971,100 693,216 830,664 537,840 513,936 579,672 448,200 418,320 1,045,800 1,374,480 1,398,384 9,899,244
Marketing expense
website 2,000 - - - - - - - - - - - 2,000
Radio 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Brochures 15,000 - - - - - - - - - - - 15,000
Broad 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Market officer 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
HRM Department 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
Chef 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 114,000
Housekeeper 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 54,000
291
Office supplies 2,549 0 0 1,391 0 0 1,391 0 0 1,391 0 0 6,722
Utility expense 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 150,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Earnings before interest and 906,496 812,092 534,208 670,265 378,832 354,928 419,273 289,192 259,312 885,401 1,215,472 1,239,376 7,964,847
Tax
expense
Income Tax (30%) 228,824 200,503 117,137 157,955 70,525 63,353 82,657 43,633 34,669 222,495 321,517 328,688 1,871,954
Net income 533,922 467,839 273,321 368,561 164,557 147,825 192,866 101,809 80,893 519,156 750,205 766,938 4,367,893
292

Income Statement
Sales 2,855,034 2,549,138 1,819,692 2,180,493 1,411,830 1,349,082 1,521,639 1,176,525 1,098,090 2,745,225 3,608,010 3,874,878 26,189,636
Gross margin 1,142,014 1,019,655 727,877 872,197 564,732 539,633 608,656 470,610 439,236 1,098,090 1,443,204 1,549,951 10,475,854
Marketing expense
website 2,100 - - - - - - - - - - - 2,100
Radio 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 37,800
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200
Market officer 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
officer
HRM Department 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
Chef 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 119,700
Housekeeper 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 56,700
293
Office supplies 2,676 0 0 1,461 0 0 1,461 0 0 1,461 0 0 7,059
Utility expense 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 157,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
expense
Earnings before interest 957,526 855,022 563,244 706,103 400,099 375,000 442,562 305,977 274,603 931,996 1,278,571 1,385,318 8,476,020
and Tax
expense
Income Tax (30%) 244,133 213,382 125,848 168,706 76,905 69,375 89,643 48,668 39,256 236,474 340,446 372,470 2,025,306
Net income 569,643 497,890 293,646 393,647 179,444 161,875 209,168 113,559 91,597 551,772 794,375 869,098 4,725,714
294

Income Statement
Sales
2,990,988 2,670,525 1,906,344 2,284,326 1,479,060 1,413,324 1,594,098 1,232,550 1,150,380 2,875,950 3,779,820 3,845,556 27,222,921
Gross margin 1,196,395 1,068,210 762,538 913,730 591,624 565,330 637,639 493,020 460,152 1,150,380 1,511,928 1,538,222 10,889,168
Marketing expense
website 2,200 - - - - - - - - - - - 2,200
Radio 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 39,600
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 26,400
Market officer 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
HRM Department 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
Chef 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 125,400
Housekeeper 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 59,400
295
Office supplies 2,804 0 0 1,530 0 0 1,530 0 0 1,530 0 0 7,394
Utility expense 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 165,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
After interest income 1,006,054 897,952 592,280 741,942 421,366 395,072 465,851 322,762 289,894 978,592 1,341,670 1,367,964 8,821,399
Income Tax (30%) 301,816 269,386 177,684 222,583 126,410 118,521 139,755 96,829 86,968 293,578 402,501 410,389 2,646,420
Net income 704,238 628,566 414,596 519,360 294,956 276,550 326,096 225,933 202,926 685,014 939,169 957,575 6,174,980
296

Income Statement
Sales 1,992,996 1,595,844 1,202,670

3,126,942 2,791,913 2,388,159 1,546,290 1,477,566 1,288,575 3,006,675 3,951,630 4,020,354 28,389,614
Gross margin 1,250,777 1,116,765 797,198 955,264 618,516 591,026 638,338 515,430 481,068 1,202,670 1,580,652 1,608,142 11,355,845
Marketing expense
website 2,300 - - - - - - - - - - - 2,300
Radio 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 41,400
Brochures - - - - - - - - - - - - -
Broad 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 27,600
Market officer 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
officer
HRM Department 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
Chef 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 131,100
Housekeeper 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 62,100
297
Office supplies 2,931 0 0 1,600 0 0 1,600 0 0 1,600 0 0 7,731
Utility expense 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 172,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
Administrative 6,161 6,161 6,161 6,161 6,161 6,161 6,161 6,161 6,161 6,161 6,161 6,161 73,932
depreciation
expense
expense
Earnings before interest 1,067,431 941,229 621,662 778,128 442,980 415,490 461,202 339,894 305,532 1,025,534 1,405,116 1,432,606 9,236,803
and Tax
Interest and principle 0 0 0 0 0 0 0 0 0 0 0 0 0
loan expense
Income Tax (30%) 320,229 282,369 186,499 233,438 132,894 124,647 138,360 101,968 91,660 307,660 421,535 429,782 2,771,041
Net income 747,202 658,860 435,164 544,689 310,086 290,843 322,841 237,926 213,872 717,874 983,581 1,002,824 6,465,762
298

Income Statement
Sales
3,262,896 2,965,950 2,079,648 2,206,764 1,613,520 1,541,808 1,739,016 1,344,600 1,254,960 3,101,963 4,123,440 4,195,152 29,429,717
Gross margin 1,305,158 1,186,380 831,859 882,706 645,408 616,723 695,606 537,840 501,984 1,240,785 1,649,376 1,678,061 11,771,887
Marketing expense
website 2,400 - - - - - - - - - - - 2,400
Radio 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 43,200
Brochures - - - - - - - - - - - - -
Broad 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 28,800
Market officer 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
HRM Department 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
Chef 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 136,800
Housekeeper 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 64,800
299
Office supplies 3,059 0 0 1,669 0 0 1,669 0 0 1,669 0 0 8,066
Utility expense 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Tax
expense
Income Tax (30%) 334,788 301,566 195,209 209,963 139,274 130,669 153,833 107,004 96,247 317,387 440,465 449,070 2,875,473
Net income 781,172 703,653 455,489 489,913 324,973 304,894 358,943 249,675 224,576 740,569 1,027,751 1,047,830 6,709,437
300

Income Statement
Sales 2,568,020 2,292,875 1,636,760 1,961,290 1,058,250 3,245,300 3,301,740

1,269,900 1,213,460 1,368,670 987,700 2,469,250 23,373,215
Cost of goods sold 1,540,812 1,375,725 982,056 1,176,774 761,940 728,076 821,202 634,950 592,620 1,481,550 1,947,180 1,981,044 14,023,929
Gross margin 1,027,208 917,150 654,704 784,516 507,960 485,384 547,468 423,300 395,080 987,700 1,298,120 1,320,696 9,349,286
Marketing expense
website 2,000 - - - - - - - - - - - 2,000
Radio 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Brochures 15,000 - - - - - - - - - - - 15,000
Broad 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Market officer 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
officer
HRM Department 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000
Chef 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 114,000
Housekeeper 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 54,000
Office supplies 2,549 0 0 1,391 0 0 1,391 0 0 1,391 0 0 6,722
301
Utility expense 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 150,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

Administrative 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 6,508 78,096
depreciation
expense
expense
and Tax
loan expense
After interest income 702,322 614,392 351,946 480,367 205,202 182,626 243,319 120,542 92,322 683,551 995,362 1,017,938 5,689,889
Income Tax (30%) 210,697 184,318 105,584 144,110 61,561 54,788 72,996 36,163 27,697 205,065 298,609 305,381 1,706,967
Net income 491,625 430,074 246,362 336,257 143,641 127,838 170,323 84,379 64,625 478,486 696,753 712,557 3,982,922
302

Income Statement
Sales
2,696,421 2,407,519 1,718,598 2,059,355 1,333,395 1,274,133 1,437,104 1,111,163 1,037,085 2,592,713 3,407,565 3,659,607 24,734,656
Gross margin 1,078,568 963,008 687,439 823,742 533,358 509,653 574,841 444,465 414,834 1,037,085 1,363,026 1,463,843 9,893,862
Marketing expense
website 2,100 - - - - - - - - - - - 2,100
Radio 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150 37,800
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200
Market officer 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
officer
HRM Department 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 8,925 107,100
Chef 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 9,975 119,700
Housekeeper 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 4,725 56,700
303
Office supplies 2,676 0 0 1,461 0 0 1,461 0 0 1,461 0 0 7,059
Utility expense 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 13,125 157,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
expense
and Tax
expense
Income Tax (30%) 225,099 196,387 113,717 154,169 67,493 60,381 79,499 40,825 31,935 218,172 316,393 346,638 1,850,708
Net income 525,231 458,237 265,339 359,728 157,483 140,889 185,498 95,257 74,516 509,069 738,250 808,822 4,318,320
304

Income Statement
Sales
2,824,822 2,522,163 1,800,436 2,157,419 1,396,890 1,334,806 1,505,537 1,164,075 1,086,470 2,716,175 3,569,830 3,631,914 25,710,537
Gross margin 1,129,929 1,008,865 720,174 862,968 558,756 533,922 602,215 465,630 434,588 1,086,470 1,427,932 1,452,766 10,284,215
Marketing expense
website 2,200 - - - - - - - - - - - 2,200
Radio 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 39,600
Brochures 12,500 - - - - - - - - - - - 12,500
Broad 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200 26,400
Market officer 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
officer
HRM Department 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 9,350 112,200
Chef 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 10,450 125,400
305
Housekeeper 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 59,400
Office supplies 2,804 0 0 1,530 0 0 1,530 0 0 1,530 0 0 7,394
Utility expense 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 13,750 165,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579

expense
expense
and Tax
expense
Income Tax (30%) 281,876 251,582 164,975 207,354 116,549 109,099 129,128 88,612 79,299 274,405 377,302 384,752 2,464,934
Net income 657,711 587,025 384,941 483,826 271,949 254,565 301,299 206,760 185,031 640,277 880,372 897,755 5,751,512
306

Income Statement
Sales
2,953,223 2,636,806 1,882,274 2,255,484 1,460,385 1,395,479 1,507,186 1,216,988 1,135,855 2,839,638 3,732,095 3,797,001 26,812,413
Gross margin 1,181,289 1,054,723 752,910 902,193 584,154 558,192 602,874 486,795 454,342 1,135,855 1,492,838 1,518,800 10,724,965
Marketing expense
website 2,300 - - - - - - - - - - - 2,300
Radio 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 3,450 41,400
Brochures - - - - - - - - - - - - -
Broad 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 27,600
Market officer 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
officer
HRM Department 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 9,775 117,300
307
Chef 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 10,925 131,100
Housekeeper 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 5,175 62,100
Office supplies 2,931 0 0 1,600 0 0 1,600 0 0 1,600 0 0 7,731
Utility expense 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 14,375 172,500
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
expense
and Tax
expense
Income Tax (30%) 299,383 263,756 173,212 217,517 122,585 114,797 127,722 93,378 83,642 287,616 395,191 402,979 2,581,777
Net income 698,560 615,431 404,162 507,540 286,033 267,859 298,017 217,881 195,164 671,103 922,111 940,285 6,024,146
308

Income Statement
Sales
3,081,624 2,801,175 1,964,112 2,084,166 1,523,880 1,456,152 1,642,404 1,269,900 1,185,240 2,929,631 3,894,360 3,962,088 27,794,732
Gross margin 1,232,650 1,120,470 785,645 833,666 609,552 582,461 656,962 507,960 474,096 1,171,853 1,557,744 1,584,835 11,117,893
Marketing expense
website 2,400 - - - - - - - - - - - 2,400
Radio 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 43,200
Brochures - - - - - - - - - - - - -
Broad 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 28,800
Market officer 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
officer
309
HRM Department 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 10,200 122,400
Chef 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 11,400 136,800
Housekeeper 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 64,800
Office supplies 3,059 0 0 1,669 0 0 1,669 0 0 1,669 0 0 8,066
Utility expense 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Rental building 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Fire insurance 2,579 0 0 0 0 0 0 0 0 0 0 0 2,579
expense
Earnings before interest and 1,043,451 939,309 604,484 650,836 428,391 401,300 474,132 326,799 292,935 989,023 1,376,583 1,403,674 8,930,916
Tax
expense
After interest income 1,043,451 939,309 604,484 650,836 428,391 401,300 474,132 326,799 292,935 989,023 1,376,583 1,403,674 8,930,916
Income Tax (30%) 313,035 281,793 181,345 195,251 128,517 120,390 142,239 98,040 87,881 296,707 412,975 421,102 2,679,275
Net income 730,415 657,516 423,139 455,585 299,874 280,910 331,892 228,759 205,055 692,316 963,608 982,572 6,251,641
310

Loan 300,000

Year 1 3,000,000 600,000 2,400,000 600,000 3,600,000
Year 2 2,400,000 600,000 1,800,000 480,000 2,880,000
Year 3 1,800,000 600,000 1,200,000 360,000 2,160,000
Year 4 1,200,000 600,000 600,000 240,000 1,440,000
Year 5 600,000 600,000 - 120,000 720,000
311

Income Statement
activity
Cash inflow
0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity 8 6
Cash out flow
0 0
265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301
activity 1 8
activity 7
activity
312
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
investment
Cash outflow from 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
investment activity
Net cash flows from investing -623,723 0 0 0 0 0 0 0 0 0 0 0 -623,723
activity
activity
cash inflow
Cash Loan 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
Other
Cash inflow from financing 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
activity
cash outflow
principle loan
activity
Net cash flows from financing 2,850,000 -150,000 -150,000 -150,000 -150,000 -150,000 -150,000 -150,000 -150,000 -150,000 -150,000 -150,000 1,200,000
activity
Beginning cash 0 2,995,051 3,538,678 3,866,173 4,299,599 4,506,246 4,694,301 4,932,511 5,069,438 5,183,125 5,783,87 6,641,246 0
9
Ending cash 2,995,051 3,538,678 3,866,173 4,299,599 4,506,246 4,694,301 4,932,511 5,069,438 5,183,125 5,783,879 6,641,24 7,517,205 7,517,205
6
313

Statement of Cash Flow
activity
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
Cash paid for income tax 247,370 150,111 197,779 95,729 87,363 109,932 64,355 53,897 273,077 388,553 424,136 2,374,502
282,200
activity
activity
activity
Cash inflow
314

equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
investment
activity
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
activity
activity
Beginning cash 7,517,205 8,175,929 8,753,384 9,103,900 9,565,643 9,789,269 9,993,373 10,250,139 10,400,599 10,526,617 11,164,05 12,070,936 7,517,205
4
Ending cash 8,175,929 8,753,384 9,103,900 9,565,643 9,789,269 9,993,373 10,250,139 10,400,559 10,526,617 11,164,054 12,070,93 13,060,843 13,060,843
6
315

activity
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
Cash out flow from operating 2,526,029 2,255,601 1,644,256 1,947,712 1,302,429 1,249,840 1,395,530 1,105,221 1,039,485 2,421,012 3,143,037 3,195,625 23,225,777
activity
activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
316
investment
activity
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
Cash outflow from financing 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
activity
Beginning cash 13,060,84 13,864,64 14,582,79 15,063,21 15,660,14 16,007,62 16,334,65 16,716,85 16,987,63 17,232,86 18,013,85 19,077,12 13,060,843
3 2 9 1 7 6 4 2 9 2 8 9
Ending cash 13,864,64 14,582,79 15,063,21 15,660,14 16,007,62 16,334,65 16,716,85 16,987,63 17,232,86 18,013,85 19,077,12 20,160,85 20,160,852
2 9 1 7 6 4 2 9 2 8 9 2
317

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
Cash out flow from operating 2,629,896 2,356,405 1,717,272 2,034,522 1,359,907 1,304,928 1,400,670 1,153,735 1,085,011 2,529,335 3,284,179 3,339,158 24,195,015
activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
investment
318

activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
Cash outflow from financing 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
activity
Beginning cash 20,160,852 21,011,49 21,763,37 22,266,70 22,891,85 23,256,21 23,599,18 23,977,83 24,262,01 24,519,46 25,337,03 26,449,71 20,160,852
7 8 7 6 0 3 4 0 0 6 8
Ending cash 21,011,497 21,763,37 22,266,70 22,891,85 23,256,21 23,599,18 23,977,83 24,262,01 24,519,46 25,337,03 26,449,71 27,583,78 27,583,781
8 7 6 0 3 4 0 0 6 8 1
319

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash out flow
Cash out flow from operating activity 2,742,756 2,499,573 1,790,531 1,893,392 1,417,629 1,360,259 1,519,194 1,202,493 1,130,781 2,609,551 3,425,565 3,482,934 25,074,658
Net cash flows from operating activity 888,845 802,088 526,350 564,729 381,332 359,022 419,207 297,668 269,780 843,235 1,162,196 1,184,507 7,698,959
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from investing activity 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow
Cash paid on administrative investment 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow from investment activity 0 0 0 0 0 0 0 0 0 0 0 0 0
Net cash flows from investing activity 0 0 0 0 0 0 0 0 0 0 0 0 0
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
320
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from financing activity 0 0 0 0 0 0 0 0 0 0 0 0 0
cash outflow
Repayment for interest and principle 0 0 0 0 0 0 0 0 0 0 0 0 0
loan
Cash outflow from financing activity 0 0 0 0 0 0 0 0 0 0 0 0 0
Net cash flows from financing activity 0 0 0 0 0 0 0 0 0 0 0 0 0
Beginning cash 27,583,781 28,472,626 29,274,714 29,801,064 30,365,793 30,747,125 31,106,147 31,525,354 31,823,022 32,092,802 32,936,037 34,098,233 27,583,781
Ending cash 28,472,626 29,274,714 29,801,064 30,365,793 30,747,125 31,106,147 31,525,354 31,823,022 32,092,802 32,936,037 34,098,233 35,282,740 35,282,740
321

Loan 300,000

Year 1 3,000,000.00 600,000.00 2,400,000.00 750,000.00 3,750,000.00
Year 2 2,400,000.00 600,000.00 1,800,000.00 600,000.00 3,000,000.00
Year 3 1,800,000.00 600,000.00 1,200,000.00 450,000.00 2,250,000.00
Year 4 1,200,000.00 600,000.00 600,000.00 300,000.00 1,500,000.00
Year 5 600,000.00 600,000.00 - 150,000.00 750,000.00

activity
Cash inflow
0 0
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,027,708 2,704,008 1,932,108 2,313,908 1,500,508 1,434,108 1,616,708 1,251,508 1,168,508 2,911,50 3,824,508 3,890,908 27,575,99
operating activity 8 6
Cash out flow
322
0 0
Cash paid for income 2,201,931
tax 265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301
Cash out flow from 2,258,934 2,010,381 1,454,613 1,730,482 1,143,861 1,096,053 1,228,498 964,581 904,821 2,160,75 2,817,141 2,864,949 20,635,06
operating activity
Cash inflow from
investing activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
administrative investment
investment activity
Net cash flows from -623,723 0 0 0 0 0 0 0 0 0 0 0 -623,723
investing activity
activity
cash inflow
Cash Loan 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
Other
Cash inflow from 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
financing activity
cash outflow
Repayment for interest 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 1,875,000
and principle loan
Cash outflow from 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 156,250 1,875,000
323
financing activity
Net cash flows from 2,843,750 -156,250 -156,250 -156,250 -156,250 -156,250 -156,250 -156,250 -156,250 -156,250 -156,250 -156,250 1,125,000
financing activity
Net cash increase or 2,988,801 537,377 321,245 427,176 200,397 181,805 231,960 130,677 107,437 594,504 851,117 869,709 7,442,205
decrease
Beginning cash 0 2,988,801 3,526,178 3,847,423 4,274,599 4,474,996 4,656,801 4,888,761 5,019,438 5,126,87 5,721,379 6,572,496 0
5
Ending cash 2,988,801 3,526,178 3,847,423 4,274,599 4,474,996 4,656,801 4,888,761 5,019,438 5,126,875 5,721,37 6,572,496 7,442,205 7,442,205
9

activity
Cash inflow
0 5
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity 8 1
Cash out flow
6 7
324

282,200 247,370 150,111 197,779 95,729 87,363 64,355 53,897 273,077 388,553 424,136
Cash out flow from 2,370,04 2,111,428 1,527,872 1,817,535 1,201,582 1,151,384 1,290,452 1,013,338 950,590 2,269,321 2,958,526 3,172,021 21,834,09
activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
investment
investment activity
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
financing activity
activity
325
Beginning cash 7,442,20 8,094,679 8,665,884 9,010,150 9,465,643 9,683,019 9,880,873 10,131,389 10,275,55 10,395,32 11,026,51 11,927,14 7,442,205
5 9 7 4 6
Ending cash 8,094,67 8,665,884 9,010,150 9,465,643 9,683,019 9,880,873 10,131,38 10,275,559 10,395,32 11,026,51 11,927,14 12,910,80 12,910,80
9 9 7 4 6 3 3

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash out flow
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow
326

cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
cash outflow
loan
Beginning cash 12,910,803 13,714,602 14,432,759 14,913,171 15,510,107 15,857,586 16,184,614 16,566,812 16,837,599 17,082,822 17,863,818 18,927,089 12,910,803
Ending cash 13,714,602 14,432,759 14,913,171 15,510,107 15,857,586 16,184,614 16,566,812 16,837,599 17,082,822 17,863,818 18,927,089 20,010,812 20,010,812
327

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash out flow
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
328
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
cash outflow
loan
Beginning cash 20,010,812 20,861,457 21,613,338 22,116,667 22,741,816 23,106,170 23,449,143 23,827,794 24,111,970 24,369,420 25,186,996 26,299,678 20,010,812
Ending cash 20,861,457 21,613,338 22,116,667 22,741,816 23,106,170 23,449,143 23,827,794 24,111,970 24,369,420 25,186,996 26,299,678 27,433,741 27,433,741

Cash flows from operating activity 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash out flow
329
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
cash outflow
loan
Beginning cash 27,433,741 28,322,586 29,124,674 29,651,024 30,215,753 30,597,085 30,956,107 31,375,314 31,672,982 31,942,762 32,785,997 33,948,193 27,433,741
Ending cash 28,322,586 29,124,674 29,651,024 30,215,753 30,597,085 30,956,107 31,375,314 31,672,982 31,942,762 32,785,997 33,948,193 35,132,700 35,132,700
330

Loan 300 ,000

Year 1 3,000,000.00 600,000.00 2,400,000.00 900,000.00 3,900,000.00
Year 2 2,400,000.00 600,000.00 1,800,000.00 720,000.00 3,120,000.00
Year 3 1,800,000.00 600,000.00 1,200,000.00 540,000.00 2,340,000.00
Year 4 1,200,000.00 600,000.00 600,000.00 360,000.00 1,560,000.00
Year 5 600,000.00 600,000.00 - 180,000.00 780,000.00

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
331
Cash out flow
265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301
activity
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow
investment
Cash outflow from investment 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
activity
Net cash flows from investing activity -623,723 0 0 0 0 0 0 0 0 0 0 0 -623,723
cash inflow
Cash Loan 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
Other
cash outflow
principle loan
activity
332
Beginning cash 0 2,982,551 3,513,678 3,828,673 4,249,599 4,443,746 4,619,301 4,845,011 4,969,438 5,070,625 5,658,879 6,503,746 0
Ending cash 2,982,551 3,513,678 3,828,673 4,249,599 4,443,746 4,619,301 4,845,011 4,969,438 5,070,625 5,658,879 6,503,746 7,367,205 7,367,205

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
282,200 247,370 150,111 197,779 95,729 87,363 64,355 53,897 273,077 388,553 424,136
activity
activity
333
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
investment
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
activity
activity
Beginning cash 7,367,205 8,013,429 8,578,384 8,916,400 9,365,643 9,576,769 9,768,373 10,012,639 10,150,559 10,264,077 10,889,014 11,783,396 7,367,205
Ending cash 8,013,429 8,578,384 8,916,400 9,365,643 9,576,769 9,768,373 10,012,639 10,150,559 10,264,077 10,889,014 11,783,396 12,760,803 12,760,803
334

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash out flow
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
335

cash outflow
loan
Beginning cash 12,760,803 13,564,602 14,282,759 14,763,171 15,360,107 15,707,586 16,034,614 16,416,812 16,687,599 16,932,822 17,713,818 18,777,089 12,760,803
Ending cash 13,564,602 14,282,759 14,763,171 15,360,107 15,707,586 16,034,614 16,416,812 16,687,599 16,932,822 17,713,818 18,777,089 19,860,812 19,860,812

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash out flow
336

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
cash outflow
loan
Beginning cash 19,860,812 20,711,457 21,463,338 21,966,667 22,591,816 22,956,170 23,299,143 23,677,794 23,961,970 24,219,420 25,036,996 26,149,678 19,860,812
Ending cash 20,711,457 21,463,338 21,966,667 22,591,816 22,956,170 23,299,143 23,677,794 23,961,970 24,219,420 25,036,996 26,149,678 27,283,741 27,283,741

337

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash out flow
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
338
cash outflow
Repayment for interest and principle loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Beginning cash 27,283,741 28,172,586 28,974,674 29,501,024 30,065,753 30,447,085 30,806,107 31,225,314 31,522,982 31,792,762 32,635,997 33,798,193 27,283,741
Ending cash 28,172,586 28,974,674 29,501,024 30,065,753 30,447,085 30,806,107 31,225,314 31,522,982 31,792,762 32,635,997 33,798,193 34,982,700 34,982,700
339
Cost/Expense increase by 5% : 105%

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash out flow
Administrative expense
167,093 161,708 161,708 163,169 161,708 161,708 163,169 161,708 161,708 163,169 161,708 161,708 1,950,267
265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301
Cash out flow from operating activity 2,266,891 2,018,081 1,462,313 1,738,252 1,151,561 1,103,753 1,236,268 972,281 912,521 2,168,524 2,824,841 2,872,649 20,727,935
Net cash flows from operating activity 760,817 685,927 469,795 575,656 348,947 330,355 380,440 279,227 255,987 742,984 999,667 1,018,259 6,848,061
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash outflow
340
investment
Cash outflow from investment 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
activity
Net cash flows from investing activity -623,723 0 0 0 0 0 0 0 0 0 0 0 -623,723
cash inflow
Cash Loan 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
Other
cash outflow
Repayment for interest and principle 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 1,800,000
loan
Cash outflow from financing activity 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 1,800,000
Beginning cash 0 2,987,094 3,523,021 3,842,816 4,268,472 4,467,419 4,647,774 4,878,214 5,007,441 5,113,428 5,706,412 6,556,079 0
Ending cash 2,987,094 3,523,021 3,842,816 4,268,472 4,467,419 4,647,774 4,878,214 5,007,441 5,113,428 5,706,412 6,556,079 7,424,338 7,424,338
341

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash out flow
172,870 167,352 167,352 168,886 167,352 167,352 168,886 167,352 167,352 168,886 167,352 167,352 2,018,346
282,200 247,370 150,111 197,779 95,729 87,363 64,355 53,897 273,077 388,553 424,136
activity
activity
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
342
Cash outflow
investment
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
cash outflow
principle loan
activity
activity
Beginning cash 7,424,338 8,074,830 8,644,316 8,986,863 9,440,564 9,656,221 9,852,356 10,101,080 10,243,531 10,361,580 10,990,975 11,889,888 7,424,338
Ending cash 8,074,830 8,644,316 8,986,863 9,440,564 9,656,221 9,852,356 10,101,080 10,243,531 10,361,580 10,990,975 11,889,888 12,871,826 12,871,826
343

activity
Cash inflow
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
178,648 172,996 172,996 174,602 172,996 172,996 174,602 172,996 172,996 174,602 172,996 172,996 2,086,422
operating activity
activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
344
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
investment activity
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
financing activity
activity
Beginning cash 12,871,826 13,667,118 14,377,038 14,849,212 15,437,833 15,777,075 16,095,865 16,469,749 16,732,299 16,969,285 17,741,967 18,797,001 12,871,826
Ending cash 13,667,118 14,377,038 14,849,212 15,437,833 15,777,075 16,095,865 16,469,749 16,732,299 16,969,285 17,741,967 18,797,001 19,872,486 19,872,486
345

Cash flows from
operating activity
Cash inflow
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,480,541 3,108,286 2,220,601 2,659,671 1,724,261 1,647,901 1,779,321 1,437,911 1,342,461 3,346,911 4,396,861 4,473,221 31,617,947
operating activity
Cash out flow
Administrative
expense 184,061 178,275 178,275 179,955 178,275 178,275 179,955 178,275 178,275 179,955 178,275 178,275 2,150,129
Cash paid for income 361,922 319,594 213,072 265,280 153,511 144,348 159,638 119,149 107,695 347,749 474,223 483,386 3,149,569
tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
Cash received from 0 0 0 0 0 0 0 0 0 0 0 0 0
sold equipment
346
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 0 0 0 0 0 0 0 0 0 0 0 0 0
interest and principle
loan
financing activity
financing activity
decrease
Beginning cash 19,872,486 20,714,366 21,457,758 21,952,598 22,569,177 22,925,042 23,259,526 23,629,607 23,905,294 24,154,255 24,963,262 26,067,455 19,872,486
Ending cash 20,714,366 21,457,758 21,952,598 22,569,177 22,925,042 23,259,526 23,629,607 23,905,294 24,154,255 24,963,262 26,067,455 27,193,028 27,193,028
347

activity
Cash inflow
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
189,839 183,919 183,919 185,672 183,919 183,919 185,672 183,919 183,919 185,672 183,919 183,919 2,218,206
operating activity
operating activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
348
investment activity
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
financing activity
activity
Beginning cash 27,193,028 28,072,833 28,866,163 29,383,755 29,939,642 30,312,216 30,662,480 31,072,846 31,361,756 31,622,778 32,457,172 33,610,610 27,193,028
Ending cash 28,072,833 28,866,163 29,383,755 29,939,642 30,312,216 30,662,480 31,072,846 31,361,756 31,622,778 32,457,172 33,610,610 34,786,359 34,786,359
349

Cash flows from
operating activity
Cash inflow
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,027,708 2,704,008 1,932,108 2,313,908 1,500,508 1,434,108 1,616,708 1,251,508 1,168,508 2,911,508 3,824,508 3,890,908 27,575,996
operating activity
Cash out flow
175,050 169,409 169,409 170,939 169,409 169,409 170,939 169,409 169,409 170,939 169,409 169,409 2,043,137
tax 265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301
operating activity
Net cash flows from 752,860 678,226 462,094 567,886 341,246 322,654 372,670 271,526 248,286 735,214 991,966 1,010,558 6,755,186
operating activity
Cash inflow from
investing activity
Cash inflow
350

equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
Other
Cash inflow from 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
financing activity
cash outflow
and principle loan
financing activity
financing activity
decrease
Beginning cash 0 2,972,887 3,494,863 3,800,707 4,212,343 4,397,339 4,563,743 4,780,163 4,895,439 4,987,475 5,566,439 6,402,155 0
Ending cash 2,972,887 3,494,863 3,800,707 4,212,343 4,397,339 4,563,743 4,780,163 4,895,439 4,987,475 5,566,439 6,402,155 7,256,463 7,256,463
351

Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
282,200 247,370 150,111 197,779 95,729 87,363 64,355 53,897 273,077 388,553 424,136
activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
investment
352
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
activity
activity
Beginning cash 7,256,463 7,892,473 8,447,740 8,776,068 9,215,477 9,416,915 9,598,831 9,833,263 9,961,495 10,065,325 10,680,428 11,565,122 7,256,463
Ending cash 7,892,473 8,447,740 8,776,068 9,215,477 9,416,915 9,598,831 9,833,263 9,961,495 10,065,325 10,680,428 11,565,122 12,532,841 12,532,841

Cash flows from
operating activity
Cash inflow
receivable
353
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,329,828 2,973,758 2,124,668 2,544,648 1,649,908 1,576,868 1,777,728 1,376,008 1,284,708 3,202,008 4,206,308 4,279,348 30,325,786
operating activity
Cash out flow
Administrative
expense 187,155 181,234 181,234 182,917 181,234 181,234 182,917 181,234 181,234 182,917 181,234 181,234 2,185,776
tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
354
financing activity
cash outflow
Repayment for 0 0 0 0 0 0 0 0 0 0 0 0 0
loan
financing activity
financing activity
decrease
Beginning cash 12,532,841 13,319,626 14,021,308 14,485,244 15,065,551 15,396,555 15,707,107 16,072,676 16,326,988 16,555,736 17,320,104 18,366,900 12,532,841
Ending cash 13,319,626 14,021,308 14,485,244 15,065,551 15,396,555 15,707,107 16,072,676 16,326,988 16,555,736 17,320,104 18,366,900 19,434,147 19,434,147

Cash flows from
operating activity
Cash inflow
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,480,541 3,108,286 2,220,601 2,659,671 1,724,261 1,647,901 1,779,321 1,437,911 1,342,461 3,346,911 4,396,861 4,473,221 30,134,747
operating activity
Cash out flow
355
Administrative
expense 192,826 186,765 186,765 188,525 186,765 186,765 188,525 186,765 186,765 188,525 186,765 186,765 2,252,516
tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for interest 0 0 0 0 0 0 0 0 0 0 0 0 0
and principle loan
financing activity
356

financing activity
decrease
Beginning cash 19,434,147 20,267,263 21,002,165 21,488,515 22,096,525 22,443,900 22,769,894 23,131,406 23,398,603 23,639,074 24,439,511 25,535,214 19,434,147
Ending cash 20,267,263 21,002,165 21,488,515 22,096,525 22,443,900 22,769,894 23,131,406 23,398,603 23,639,074 24,439,511 25,535,214 26,652,298 26,652,298

activity
Cash inflow
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
198,879 192,677 192,677 194,513 192,677 192,677 194,513 192,677 192,677 194,513 192,677 192,677 2,323,835
operating activity
operating activity
357

activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
investment activity
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
financing activity
activity
Beginning cash 26,652,298 27,523,063 28,307,635 28,816,469 29,363,515 29,727,331 30,068,837 30,470,361 30,750,513 31,002,777 31,828,329 32,973,009 26,652,298
Ending cash 27,523,063 28,307,635 28,816,469 29,363,515 29,727,331 30,068,837 30,470,361 30,750,513 31,002,777 31,828,329 32,973,009 34,140,000 34,140,000
358

Cash flows from
operating activity
Cash inflow
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,027,708 2,704,008 1,932,108 2,313,908 1,500,508 1,434,108 1,616,708 1,251,508 1,168,508 2,911,508 3,824,508 3,890,908 27,575,996
operating activity
Cash out flow
183,006 177,109 177,109 178,709 177,109 177,109 178,709 177,109 177,109 178,709 177,109 177,109 2,136,007
tax 265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301
operating activity
Net cash flows from 744,904 670,526 454,394 560,116 333,546 314,954 364,900 263,826 240,586 727,444 984,266 1,002,858 6,662,320
operating activity
Cash inflow from
359
investing activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
Other
Cash inflow from 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
financing activity
cash outflow
and principle loan
financing activity
financing activity
decrease
Beginning cash 0 2,958,681 3,466,707 3,758,601 4,156,217 4,327,263 4,479,717 4,682,117 4,783,443 4,861,529 5,426,473 6,248,239 0
Ending cash 2,958,681 3,466,707 3,758,601 4,156,217 4,327,263 4,479,717 4,682,117 4,783,443 4,861,529 5,426,473 6,248,239 7,088,597 7,088,597
360

activity
Cash inflow
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
189,334 183,290 183,290 184,971 183,290 183,290 184,971 183,290 183,290 184,971 183,290 183,290 2,210,569
282,200 247,370 150,111 197,779 95,729 87,363 64,355 53,897 273,077 388,553 424,136
operating activity
activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
361
investment
investment activity
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
financing activity
activity
Beginning cash 7,088,597 7,710,125 8,251,173 8,565,282 8,990,398 9,177,617 9,345,314 9,565,453 9,679,466 9,769,077 10,369,887 11,240,362 7,088,597
Ending cash 7,710,125 8,251,173 8,565,282 8,990,398 9,177,617 9,345,314 9,565,453 9,679,466 9,769,077 10,369,887 11,240,362 12,193,862 12,193,862

activity
Cash inflow
receivable
362
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,329,828 2,973,758 2,124,668 2,544,648 1,649,908 1,576,868 1,777,728 1,376,008 1,284,708 3,202,008 4,206,308 4,279,348 30,325,786
operating activity
Cash out flow
195,662 189,472 189,472 191,231 189,472 189,472 191,231 189,472 189,472 191,231 189,472 189,472 2,285,129
operating activity
operating activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
investment activity
investing activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
363

financing activity
financing activity
decrease
Beginning cash 12,193,862 12,972,140 13,665,584 14,121,283 14,693,275 15,016,041 15,318,356 15,675,611 15,921,685 16,142,195 16,898,248 17,936,806 12,193,862
Ending cash 12,972,140 13,665,584 14,121,283 14,693,275 15,016,041 15,318,356 15,675,611 15,921,685 16,142,195 16,898,248 17,936,806 18,995,815 18,995,815

activity
Cash inflow
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
201,590 195,254 195,254 197,094 195,254 195,254 197,094 195,254 195,254 197,094 195,254 195,254 2,354,903
364
operating activity
operating activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
investment activity
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
financing activity
activity
Beginning cash 18,995,815 19,820,166 20,546,579 21,024,440 21,623,881 21,962,767 22,280,272 22,633,215 22,891,923 23,123,905 23,915,773 25,002,987 18,995,815
Ending cash 19,820,166 20,546,579 21,024,440 21,623,881 21,962,767 22,280,272 22,633,215 22,891,923 23,123,905 23,915,773 25,002,987 26,111,582 26,111,582
365

activity
Cash inflow
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
Cash out flow
207,919 201,435 201,435 203,355 201,435 201,435 203,355 201,435 201,435 203,355 201,435 201,435 2,429,464
operating activity
activity
activity
Cash inflow
equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
366
Cash outflow
investment
investment activity
activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
activity
cash outflow
principle loan
financing activity
activity
Beginning cash 26,111,582 26,973,307 27,749,121 28,249,197 28,787,401 29,142,459 29,475,207 29,867,890 30,139,284 30,382,790 31,199,501 32,335,423 26,111,582
Ending cash 26,973,307 27,749,121 28,249,197 28,787,401 29,142,459 29,475,207 29,867,890 30,139,284 30,382,790 31,199,501 32,335,423 33,493,656 33,493,656
367

Cash flows from
operating activity
Cash inflow
Cash received on
sales 2,870,140 2,562,625 1,829,320 2,192,030 1,419,300 1,356,220 1,529,690 1,182,750 1,103,900 2,759,750 3,627,100 3,690,180 26,123,005
receivable
Adjust rental 0 0 0 0 0 0 0 0 0 0 0 0 0
building
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 2,876,648 2,569,133 1,835,828 2,198,538 1,425,808 1,362,728 1,536,198 1,189,258 1,110,408 2,766,258 3,633,608 3,696,688 26,201,101
operating activity
Cash out flow
Administrative 159,136 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 1,857,397
expense
Cash paid for 2,201,931
income tax 265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301
operating activity
Net cash flows from 617,714 558,752 381,215 468,056 281,947 266,675 307,700 224,677 205,587 605,504 816,467 831,739 5,566,033
operating activity
368
Cash inflow from

investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
Other
Cash inflow from 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
financing activity
cash outflow
Repayment for 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 1,725,000
loan
financing activity
financing activity
decrease
Beginning cash 0 2,850,241 3,265,243 3,502,708 3,827,014 3,965,211 4,088,136 4,252,086 4,333,013 4,394,850 4,856,604 5,529,321 0
Ending cash 2,850,241 3,265,243 3,502,708 3,827,014 3,965,211 4,088,136 4,252,086 4,333,013 4,394,850 4,856,604 5,529,321 6,217,310 6,217,310
369

Cash flows from
operating activity
Cash inflow
Cash received on
sales 3,013,647 2,690,756 1,920,786 2,301,632 1,490,265 1,424,031 1,606,175 1,241,888 1,159,095 2,897,738 3,808,455 4,090,149 27,644,615
receivable
Adjust rental 0 0 0 0 0 0 0 0 0 0 0 0 0
building
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,020,155 2,697,264 1,927,294 2,308,140 1,496,773 1,430,539 1,612,683 1,248,396 1,165,603 2,904,246 3,814,963 4,096,657
operating activity 27,722,713
Cash out flow
Cost of goods sold 1,903,356 1,699,425 1,213,128 1,453,662 941,220 899,388 1,014,426 784,350 732,060 1,830,150 2,405,340 2,583,252
17,459,757
Marketing expense 19,850 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250 5,250
77,600
Administrative 164,638 159,383 159,383 160,844 159,383 159,383 160,844 159,383 159,383 160,844 159,383 159,383
expense 1,922,234
Cash paid for 109,932
income tax 282,200 247,370 150,111 197,779 95,729 87,363 64,355 53,897 273,077 388,553 424,136 2,374,502
Other cash expense 0 0 0 0 0 0 0 0 0 0 0 0
-
Cash out flow from 2,370,044 2,111,428 1,527,872 1,817,535 1,201,582 1,151,384 1,290,452 1,013,338 950,590 2,269,321 2,958,526 3,172,021
Net cash flows from 650,111 585,836 399,422 490,605 295,191 279,155 322,231 235,058 215,013 634,925 856,437 924,636
370

Cash inflow from
investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 1,725,000
loan
financing activity
Net cash flows from -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -143,750 -1,725,000
financing activity
Net cash increase or 506,361 442,086 255,672 346,855 151,441 135,405 178,481 91,308 71,263 491,175 712,687 780,886 4,163,620
decrease
Beginning cash 6,217,310 6,723,671 7,165,757 7,421,429 7,768,284 7,919,725 8,055,130 8,233,611 8,324,919 8,396,182 8,887,357 9,600,044 6,217,310
371
Ending cash 6,723,671 7,165,757 7,421,429 7,768,284 7,919,725 8,055,130 8,233,611 8,324,919 8,396,182 8,887,357 9,600,044 10,380,93 10,380,930
0

Cash flows from
operating activity
Cash inflow
Cash received on sales
3,157,154 2,818,888 2,012,252 2,411,233 1,561,230 1,491,842 1,682,659 1,301,025 1,214,290 3,035,725 3,989,810 4,059,198 28,735,306
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,163,662 2,825,396 2,018,760 2,417,741 1,567,738 1,498,350 1,689,167 1,307,533 1,220,798 3,042,233 3,996,318 4,065,706 28803402
operating activity
Cash out flow
tax
operating activity
operating activity
372
Cash inflow from

investing activity
Cash inflow

equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
investment activity
investing activity
activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for interest 0 0 0 0 0 0 0 0 0 0 0 0 0
and principle loan
financing activity
financing activity
decrease
Beginning cash 10,380,930 11,018,563 11,588,358 11,962,862 12,432,891 12,698,200 12,946,710 13,240,347 13,442,659 13,623,972 14,245,193 15,098,474 10,380,930
Ending cash 11,018,563 11,588,358 11,962,862 12,432,891 12,698,200 12,946,710 13,240,347 13,442,659 13,623,972 14,245,193 15,098,474 15,968,555 15,968,555
373

Cash flows from
operating activity
Cash inflow
Cash received on
sales 3,300,661 2,947,019 2,103,718 2,520,835 1,632,195 1,559,653 1,684,502 1,360,163 1,269,485 3,173,713 4,171,165 4,243,707 29,966,814
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,306,822 2,953,180 2,109,879 2,526,996 1,638,356 1,565,814 1,690,663 1,366,324 1,275,646 3,179,874 4,177,326 4,249,868 30,040,746
operating activity
Cash out flow
Administrative 175,296 169,786 169,786 171,386 169,786 169,786 171,386 169,786 169,786 171,386 169,786 169,786 2,047,742
expense
tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
374
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 0 0 0 0 0 0 0 0 0 0 0 0 0
loan
financing activity
financing activity
decrease
Beginning cash 15,968,555 16,645,481 17,242,256 17,634,863 18,127,336 18,405,785 18,666,671 18,956,664 19,169,252 19,359,887 20,010,425 20,903,572 15,968,555
Ending cash 16,645,481 17,242,256 17,634,863 18,127,336 18,405,785 18,666,671 18,956,664 19,169,252 19,359,887 20,010,425 20,903,572 21,814,282 21,814,282
375

Cash flows from
operating activity
Cash inflow
3,444,168 3,130,725 2,195,184 2,329,362 1,703,160 1,627,464 1,835,628 1,419,300 1,324,680 3,274,294 4,352,520 4,428,216 31,064,701
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,450,329 3,136,886 2,201,345 2,335,523 1,709,321 1,633,625 1,841,789 1,425,461 1,330,841 3,280,455 4,358,681 4,434,377 31,138,633
operating activity
Cash out flow
Administrative 180,799 175,161 175,161 176,830 175,161 175,161 176,830 175,161 175,161 176,830 175,161 175,161 2,112,577
expense
tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
376
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0

investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 0 0 0 0 0 0 0 0 0 0 0 0 0
loan
financing activity
financing activity
decrease
Beginning cash 21,814,282 22,521,855 23,159,168 23,569,982 24,012,113 24,303,805 24,577,171 24,899,766 25,122,734 25,322,794 25,993,698 26,926,814 21,814,282
Ending cash 22,521,855 23,159,168 23,569,982 24,012,113 24,303,805 24,577,171 24,899,766 25,122,734 25,322,794 25,993,698 26,926,814 27,878,257 27,878,257
377

Cash flows from
operating activity
Cash inflow
2,719,080 2,427,750 1,733,040 2,076,660 1,344,600 1,284,840 1,449,180 1,120,500 1,045,800 2,614,500 3,436,200 3,495,960 24,748,110
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 2,725,588 2,434,258 1,739,548 2,083,168 1,351,108 1,291,348 1,455,688 1,127,008 1,052,308 2,621,008 3,442,708 3,502,468 24,826,206
operating activity
Cash out flow
Administrative 159,136 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 1,857,397
expense
tax 265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301
operating activity
operating activity
Cash inflow from
378
investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from
investing activity
Cash outflow 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash paid on 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
Other
Cash inflow from 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
financing activity
cash outflow
Repayment for 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 1,725,000
loan
financing activity
financing activity
decrease
Beginning cash 0 2,699,181 2,979,308 3,120,493 3,329,429 3,392,926 3,444,471 3,527,911 3,546,588 3,550,325 3,866,829 4,348,646 0
Ending cash 2,699,181 2,979,308 3,120,493 3,329,429 3,392,926 3,444,471 3,527,911 3,546,588 3,550,325 3,866,829 4,348,646 4,842,415 4,842,415
379

Cash flows from
operating activity
Cash inflow
2,855,034 2,549,138 1,819,692 2,180,493 1,411,830 1,349,082 1,521,639 1,176,525 1,098,090 2,745,225 3,608,010 3,874,878 26,189,636
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 2,861,542 2,555,646 1,826,200 2,187,001 1,418,338 1,355,590 1,528,147 1,183,033 1,104,598 2,751,733 3,614,518 3,881,386 26,267,732
operating activity
Cash out flow
Administrative 164,638 159,383 159,383 160,844 159,383 159,383 160,844 159,383 159,383 160,844 159,383 159,383 1,922,234
expense
Cash paid for income 109,932 2,374,502
tax 282,200 247,370 150,111 197,779 95,729 87,363 64,355 53,897 273,077 388,553 424,136
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
380
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 1,725,000
loan
financing activity
financing activity
decrease
Beginning cash 4,842,415 5,190,163 5,490,631 5,645,209 5,870,925 5,943,931 6,004,387 6,098,332 6,124,277 6,134,535 6,473,197 6,985,439 4,842,415
Ending cash 5,190,163 5,490,631 5,645,209 5,870,925 5,943,931 6,004,387 6,098,332 6,124,277 6,134,535 6,473,197 6,985,439 7,551,054 7,551,054
381

Cash flows from
operating activity
Cash inflow
Cash received on
sales 2,990,988 2,670,525 1,906,344 2,284,326 1,479,060 1,413,324 1,594,098 1,232,550 1,150,380 2,875,950 3,779,820 3,845,556 27,222,921
receivable
Adjust rental 0 0 0 0 0 0 0 0 0 0 0 0 0
building
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 2,997,496 2,677,033 1,912,852 2,290,834 1,485,568 1,419,832 1,600,606 1,239,058 1,156,888 2,882,458 3,786,328 3,852,064 27,301,017
operating activity
Cash out flow
Administrative 170,141 164,758 164,758 166,288 164,758 164,758 166,288 164,758 164,758 166,288 164,758 164,758 1,987,069
expense
Cash paid for 341,696 304,993 203,102 253,040 146,131 137,366 161,010 113,263 102,307 331,924 452,899 461,663 3,009,392
income tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
382
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from
financing activity
cash outflow
Repayment for 0 0 0 0 0 0 0 0 0 0 0 0 0
loan
financing activity
financing activity
decrease
Beginning cash 7,551,054 8,022,521 8,443,953 8,712,549 9,055,671 9,238,810 9,408,802 9,613,878 9,747,715 9,865,118 10,326,564 10,969,855 7,551,054
Ending cash 8,022,521 8,443,953 8,712,549 9,055,671 9,238,810 9,408,802 9,613,878 9,747,715 9,865,118 10,326,564 10,969,855 11,626,294 11,626,294
383

Cash flows from
operating activity
Cash inflow
3,126,942 2,791,913 1,992,996 2,388,159 1,546,290 1,477,566 1,595,844 1,288,575 1,202,670 3,006,675 3,951,630 4,020,354 28,389,614
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,133,103 2,798,074 1,999,157 2,394,320 1,552,451 1,483,727 1,602,005 1,294,736 1,208,831 3,012,836 3,957,791 4,026,515 28,463,546
operating activity
Cash out flow
Administrative 175,296 169,786 169,786 171,386 169,786 169,786 171,386 169,786 169,786 171,386 169,786 169,786 2,047,742
expense
tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
384
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 0 0 0 0 0 0 0 0 0 0 0 0 0
loan
financing activity
financing activity
decrease
Beginning cash 11,626,294 12,129,501 12,571,169 12,853,054 13,212,852 13,405,396 13,584,195 13,785,530 13,926,531 14,050,351 14,533,852 15,207,464 11,626,294
Ending cash 12,129,501 12,571,169 12,853,054 13,212,852 13,405,396 13,584,195 13,785,530 13,926,531 14,050,351 14,533,852 15,207,464 15,894,821 15,894,821
385

Cash flows from
operating activity
Cash inflow
3,262,896 2,965,950 2,079,648 2,206,764 1,613,520 1,541,808 1,739,016 1,344,600 1,254,960 3,101,963 4,123,440 4,195,152 29,429,717
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,269,057 2,972,111 2,085,809 2,212,925 1,619,681 1,547,969 1,745,177 1,350,761 1,261,121 3,108,124 4,129,601 4,201,313 29,503,649
operating activity
Cash out flow
Administrative 180,799 175,161 175,161 176,830 175,161 175,161 176,830 175,161 175,161 176,830 175,161 175,161 2,112,577
expense
tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
386
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 0 0 0 0 0 0 0 0 0 0 0 0 0
loan
financing activity
financing activity
decrease
Beginning cash 15,894,821 16,421,122 16,893,660 17,188,938 17,508,471 17,710,523 17,898,233 18,124,216 18,272,484 18,402,824 18,901,397 19,605,433 15,894,821
Ending cash 16,421,122 16,893,660 17,188,938 17,508,471 17,710,523 17,898,233 18,124,216 18,272,484 18,402,824 18,901,397 19,605,433 20,323,812 20,323,812
387

Cash flows from
operating activity
Cash inflow
Cash received on
sales 2,568,020 2,292,875 1,636,760 1,961,290 1,269,900 1,213,460 1,368,670 1,058,250 987,700 2,469,250 3,245,300 3,301,740 23,373,215
receivable
Adjust rental 0 0 0 0 0 0 0 0 0 0 0 0 0
building
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 2,574,528 2,299,383 1,643,268 1,967,798 1,276,408 1,219,968 1,375,178 1,064,758 994,208 2,475,758 3,251,808 3,308,248 23,451,311
operating activity
Cash out flow
Administrative 159,136 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 155,399 154,008 154,008 1,857,397
expense
Cash paid for 2,201,931
income tax 265,078 232,873 140,245 185,643 88,453 80,485 101,979 58,573 48,613 257,355 367,333 375,301
operating activity
operating activity
388
Cash inflow from

investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 623,723 0 0 0 0 0 0 0 0 0 0 0 623,723
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
Other
Cash inflow from 3,000,000 0 0 0 0 0 0 0 0 0 0 0 3,000,000
financing activity
cash outflow
Repayment for 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 1,725,000
loan
financing activity
financing activity
Net cash increase or 2,548,121 145,252 44,905 93,566 -11,203 -19,835 2,930 -43,573 -54,363 171,254 290,917 299,549 3,467,520
decrease
Beginning cash 0 2,548,121 2,693,373 2,738,278 2,831,844 2,820,641 2,800,806 2,803,736 2,760,163 2,705,800 2,877,054 3,167,971 0
Ending cash 2,548,121 2,693,373 2,738,278 2,831,844 2,820,641 2,800,806 2,803,736 2,760,163 2,705,800 2,877,054 3,167,971 3,467,520 3,467,520
389

Cash flows from
operating activity
Cash inflow
2,696,421 2,407,519 1,718,598 2,059,355 1,333,395 1,274,133 1,437,104 1,111,163 1,037,085 2,592,713 3,407,565 3,659,607 24,734,656
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 2,702,929 2,414,027 1,725,106 2,065,863 1,339,903 1,280,641 1,443,612 1,117,671 1,043,593 2,599,221 3,414,073 3,666,115 24,812,752
operating activity
Cash out flow
Administrative 164,638 159,383 159,383 160,844 159,383 159,383 160,844 159,383 159,383 160,844 159,383 159,383 1,922,234
expense
Cash paid for income 109,932 2,374,502
tax 282,200 247,370 150,111 197,779 95,729 87,363 64,355 53,897 273,077 388,553 424,136
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
390
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 143,750 1,725,000
loan
financing activity
financing activity
Net cash increase or 189,135 158,849 53,484 104,578 -5,429 -14,493 9,410 -39,418 -50,747 186,150 311,797 350,344 1,253,661
decrease
Beginning cash 3,467,520 3,656,655 3,815,504 3,868,988 3,973,566 3,968,137 3,953,644 3,963,054 3,923,637 3,872,890 4,059,040 4,370,837 3,467,520
Ending cash 3,656,655 3,815,504 3,868,988 3,973,566 3,968,137 3,953,644 3,963,054 3,923,637 3,872,890 4,059,040 4,370,837 4,721,181 4,721,181
391

Cash flows from
operating activity
Cash inflow
2,824,822 2,522,163 1,800,436 2,157,419 1,396,890 1,334,806 1,505,537 1,164,075 1,086,470 2,716,175 3,569,830 3,631,914 25,710,537
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 2,831,330 2,528,671 1,806,944 2,163,927 1,403,398 1,341,314 1,512,045 1,170,583 1,092,978 2,722,683 3,576,338 3,638,422 25,788,633
operating activity
Cash out flow
Administrative 170,141 164,758 164,758 166,288 164,758 164,758 166,288 164,758 164,758 166,288 164,758 164,758 1,987,069
expense
tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
392
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 0 0 0 0 0 0 0 0 0 0 0 0 0
loan
financing activity
financing activity
decrease
Beginning cash 4,721,181 5,026,482 5,299,552 5,462,240 5,678,455 5,779,424 5,870,898 5,987,413 6,052,775 6,106,268 6,407,939 6,841,240 4,721,181
Ending cash 5,026,482 5,299,552 5,462,240 5,678,455 5,779,424 5,870,898 5,987,413 6,052,775 6,106,268 6,407,939 6,841,240 7,284,037 7,284,037
393

Cash flows from
operating activity
Cash inflow
2,953,223 2,636,806 1,882,274 2,255,484 1,460,385 1,395,479 1,507,186 1,216,988 1,135,855 2,839,638 3,732,095 3,797,001 26,812,413
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 2,959,384 2,642,967 1,888,435 2,261,645 1,466,546 1,401,640 1,513,347 1,223,149 1,142,016 2,845,799 3,738,256 3,803,162 26,886,345
operating activity
Cash out flow
Administrative 175,296 169,786 169,786 171,386 169,786 169,786 171,386 169,786 169,786 171,386 169,786 169,786 2,047,742
expense
tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
394
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 0 0 0 0 0 0 0 0 0 0 0 0 0
loan
financing activity
financing activity
decrease
Beginning cash 7,284,037 7,613,525 7,900,087 8,071,250 8,298,372 8,405,011 8,501,723 8,614,400 8,683,813 8,740,818 9,057,281 9,511,358 7,284,037
Ending cash 7,613,525 7,900,087 8,071,250 8,298,372 8,405,011 8,501,723 8,614,400 8,683,813 8,740,818 9,057,281 9,511,358 9,975,362 9,975,362
395

Cash flows from
operating activity
Cash inflow
3,081,624 2,801,175 1,964,112 2,084,166 1,523,880 1,456,152 1,642,404 1,269,900 1,185,240 2,929,631 3,894,360 3,962,088 27,794,732
receivable
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 3,087,785 2,807,336 1,970,273 2,090,327 1,530,041 1,462,313 1,648,565 1,276,061 1,191,401 2,935,792 3,900,521 3,968,249 27,868,664
operating activity
Cash out flow
Administrative 180,799 175,161 175,161 176,830 175,161 175,161 176,830 175,161 175,161 176,830 175,161 175,161 2,112,577
expense
tax
operating activity
operating activity
Cash inflow from
investing activity
Cash inflow
sold equipment
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
396
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0

investing activity
Cash outflow
Cash paid on 0 0 0 0 0 0 0 0 0 0 0 0 0
administrative
investment
investment activity
investing activity
Cash flows from
financing activity
cash inflow
Cash Loan 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash inflow from 0 0 0 0 0 0 0 0 0 0 0 0 0
financing activity
cash outflow
Repayment for 0 0 0 0 0 0 0 0 0 0 0 0 0
loan
financing activity
financing activity
decrease
Beginning cash 9,975,362 10,320,391 10,628,154 10,807,896 11,004,831 11,117,243 11,219,297 11,348,668 11,422,236 11,482,856 11,809,097 12,284,053 9,975,362
Ending cash 10,320,391 10,628,154 10,807,896 11,004,831 11,117,243 11,219,297 11,348,668 11,422,236 11,482,856 11,809,097 12,284,053 12,769,368 12,769,368
397
Appendix
Company Limited Registration

398
Company Limited Registration

According to the Civil and Commercial Code
Company Limited
Is that kind of company which is formed with a capital divided into equal shares, the
liability of the shareholders being limited to the amount unpaid on the shares respectively
held by them.
Establishment of Company Limited
To establish the company limited, shall process according to the following:
Must have at least 3 persons signing together in order to prepare Memorandum and
then register. Upon receiving the amount of shares, the director must register as the company
within 3 months from the date of company’s meeting to establish the company.
The promoters must have the following qualifications
(1) Be ordinary person, not juristic person
(2) Be 12 years old or more
(3) Must reserve to buy at least 1 share
Information used to register the Memorandum
(1) Company’s name (the same as the name reserved)
(2) Location of head office (located at which province)
(3) Objective of the company

399
(4) Registered capital must be divided into each share with the same value (share’s
value must be at least 5 Baht)
(5) Name, address, age, occupation and number of shares that person who start up the
company reserve to buy the shares)
(6) Name, address, age of 2 witnesses
When the Memorandum has been registered, shall perform the following:
(1). All promoters manage to reserve and buy all the shares
(2). When all the shares are reserved, the promoters must with out delay hold a
general meeting of subscribers which shall be called the statutory meeting.
Meeting agenda:
(1) The adoption of the regulations of the company, if any.
(2) The ratification of any contracts entered into and any expenses incurred by the
promoters in promoting the company.
(3) The fixing of the amount, if any, to be paid to the promoters.
(4) The fixing of the number of preference shares, if any, to be issued, and the nature
and extent of the preferential rights accruing to them.
(5) The fixing of the number of ordinary shares or preference shares to be allotted as
fully or partly paid-up otherwise than in money, if any, and the amount up to which they shall
be considered as paid-up. The description of the services or property in return for which such
ordinary shares or preference shares shall be allotted as paid-up shall be expressly laid down
before the meeting
(6) The appointment of the first directors and auditors and the fixing of their
respective powers.
No resolutions of the statutory meeting are valid unless passed by a majority

including at least one half of the total number of subscribers entitled to vote, and representing
at least one half of the total number of shares to such subscribers.
400
The promoters shall over the business to the directors.
The directors shall the respond because the promoters and subscribers to pay forth
with upon each share payable in money such amount, not less than twenty-five percent of the
share's value. When the collection of share’s price is complete, the authorized director shall
prepare the request for the registration of company’s establishment and submit to the
registrar. Regarding the submission for registration, the authorized director shall sign the
name on the request and must submit to register within 3 months from the date of company
statutory meeting. If not registered within the specified period, the company statutory
meeting shall be void and if would like to register to establish the company, shall arrange the
meeting for persons who reserve to buy the shares again. Regarding the company
establishment, if can perform every step as follows within the same day that the promoters
prepare the Memorandum, and the director can request to register the Memorandum and
register the company within the same day.
(1) Shall have the persons reserve to buy all the shares that the company can be
registered.
(2) Arrange the meeting to establish the company to consider various affairs
according to the Civil and Commercial Code, section 1108, and all the persons who start up
the company and all the persons who reserve to buy the shares shall attend the meeting, and
all of them shall agree in the affairs in the meeting.
(3) Persons who start up the company assign all the affairs to the director.
(4) The director call the person who reserves to buy the shares to pay the shares
according to the Civil and Commercial Code, section 1110, section 2 and such share’s price
has already been paid.
Registration
Our Company limited’s registration shall be divided into 2 steps as follows:
1. Registering the Memorandum.

401
2. Registering the company limited’s establishment
The registration of the modification / change or liquidation of the company limited
In case that the company limited agrees to modify or change any registered
transactions or the shareholders would like to liquidate the business, shall request for the
registration of the modification / change of such transactions or registration of the company’s
liquidation at the company and partnership registration office that the head office of the
company is located on.
The registration to establish and modify any transactions shall be performed

according to the method and criteria specified by the law and the government’s rules.
Registered Transaction that the Company has to register to Modify or Change
1. The modification or change of memorandum before the company’s establishment
2. Extraordinary resolution to
(1) Increase capital
(2) Decrease capital
(3) Merge the company
3. Company’s merger
4. The modification or change of memorandum of association after the company’s

establishment
5. Capital increase
6. Capital decrease
7. Regulations’ modification
8. Director
9. Number or name of authorized directors

402
10. Location of head office and / or branches
11. Company’s seal
12. Other transactions that should be publicized
Place for Registration (the same as partnership) Registration Procedure
1. Submit in person can perform according to the following:
(1) In case of registering for the establishment or changing the company’s

name, the persons who start up the company or company’s director shall request for verifying
and reserving the company’s name to confide that such name is not duplicated or similar to
other names pervious registered. Upon reserving the name, shall request for the registration
of memorandum of association within 30 days by reserving the name in person or via internet
at www.dbd.go.th.
(2) Purchase the request and form from the Department of Business
Development or any of 7 business development office or provincial business development
office or download from internet from www.dbd.go.th.
(3) Prepare the request for registration and other attachments to the registrar
for consideration.
(4) Pay the fee according to the officer’s order
(5) If aiming to issue the certificate of registered transactions shall submit the
request and pay the fee to the officers.
(6) Receive the certificate of registration.
2. Steps for registering partnership and company via internet (see the steps in
partnership)
Criteria of Signing the Signature on the Request for Registration

403
(1) The signature in the request and the attachments, the person shall sign by him /
herself.
(2) The signature in the request, the person shall sign in front of the registrar and
demonstrate the ID card to the registrar for verification. In case that the person cannot sign
the name in front of the registrar, the person who request shall sign the name in front of the
following person:
(2.1) In case of signing in the country
(1) Administration Officer or Senior Police in the area of the person who requests.
(2) Member of Thai BAR or
(3) Other persons as notified by the central registrar are
- Certified Public Account
- Committee member or officer of the Thai chamber of commerce or

provincial chamber of commerce who can certify the signature of persons who request for the
registration of partnership / company with the head office located in the province that the
Chamber is located according to the notification of the Central Partnership Registration
Office.
(2.2) In case of signing in foreign countries
(1) Authorized officer of the Thai embassy or consulate, or head of the office under
the Minister of Commerce responsible for the operations in any country or other officers
authorized to perform on behalf of such abovementioned person
(2) Person who can completely certify according to the law of that country and
(3) 2 Reliable persons who can certify in front of the registrar that the signature is
such person’s signature.
404
Duties of Company
(1) The company limited must prepare the financial statement once a month in every
12 months and at least one auditor shall audit to propose to the ordinary shareholder’s
meeting to approve the financial statement within 4 months from the closing date, and submit
the financial statement to the business information service office, department of business
development, or any provincial business development office within 1 month from the date of
financial statement’s approval although such businesses have not yet been started or have not
ceased temporarily; otherwise, they shall have the fine penalty of no more than 50,000 Baht.
(2) The director shall prepare the copy of list of all shareholders’ names that are
holding the share at the time of the annual shareholders’ meeting and the list of persons who
are not the shareholders from the date of the last shareholders’ meeting and submit to the
department of business development or any provincial business development office within 14
days from the date of the meeting; otherwise, they shall have the fine penalty of no more than
10,000 Baht
(3) Must arrange the annual shareholders’ meeting within 6 months from the juristic
person’s registration date, and arrange the next meeting of at least one time for every 12
months; otherwise, they shall have the fine penalty of no more than 20,000 Baht.
The invitation for the shareholders’ meeting shall be advertised on the local
newspaper for at least one time of at least 7 days before the meeting date, and shall send via
reply mail to every shareholder named in the company’s registration for at least 7 days before
the meeting date, except the invitation for the shareholders’ meeting to vote for the
extraordinary resolution shall be sent for at least 14 days before the meeting date.
(4) Must prepare share certificate to the company’s shareholders; otherwise, they shall
have the fine penalty of no more than 10,000 Baht.
(5) Must prepare the book of shareholders’ registration of the company; otherwise,
they shall have the fine penalty of no more than 20,000 Baht.
405
(6) Any companies that relocate the location of head office must request for the
registration to the registrar; otherwise, they shall have the fine penalty of no more than
20,000 Baht.
In case that the juristic person does not submit the yearly financial statement as
specified by the law, such juristic person has offense, and the managing director or authorized
director on behalf of the juristic person shall also have the offense too.
Businesses that the Law specifies the period of time of submitting the registration
1) Request for registering the company’s establishment shall be submitted within 3

months from the date of company’s establishment.
2) Request for registering the appointment of new directors or the resignation of

directors shall be submitted within 14 days from the date of appointment or date of
resignation
3) Request for registering the extraordinary resolution of capital increase or capital

decrease of the company limited or the company’s merger shall be submitted within 14 days
from the extraordinary resolution date
4) Request for registering the new regulation or modification of the company

limited’s regulation must be submitted with 14 days from the extraordinary resolution date
5) Request for registering the company’s merger shall be submitted within 14 days
from the date of merger
6) Request for registering the company’s liquidation shall be submitted within 14 days
from the liquidation date
7) Request for registering the change of liquidator shall be submitted within 14 days
from the date of change
8) Request for registering the modification of liquidator’s authority shall be submitted

within 14 days from the date that the meeting has the resolution or the court
9) Request for registering the completeness of the company’s liquidation shall be

submitted within 14 days from the date that the meeting has the resolution
10) The submission of the report of partnership’s liquidation shall be submitted every
3 months and the liquidator shall submit the report within 14 days from the date that the 3-
month period expires.
406
Fee Rate for Registering Company Limited
Registration Company Limited Baht
1. Registering the memorandum of association 500.-
1.1 Registered capital of no more than 1,000,000 Baht 50.-
1.2 Every 100,000 Baht of the increase of registered capital

50.-
(fraction of 100,000 Baht shall be counted as 100,000 Baht)
1.3 Registered capital of more than 50,000,000 Baht 25,000.-
2. Register for company limited’s establishment 5,000.-
2.1 Registered capital of no more than 1,000,000 Baht 500.-
2.2 Every 100,000 Baht of the increase of registered capital

500.-
(fraction of 100,000 Baht shall be counted as 100,000 Baht)
2.3 Registered capital of more than 50,000,000 Baht 250,000.-
3. Registering the company’s merger 5,000.-
4. Registering the medication 250,000.-
4.1 Registering the extraordinary resolution

400.-
(capital increase / capital decrease / company’s merger)
4.2 Registering the capital increase

500.-
(calculate according to every 100,000 Baht of the increase)
(Increase for more than 50,000,000 Baht) 250,000.-
4.3 Registering the capital decrease 400.-
4.4 Registering the modification of every clause of the

memorandum 400.-
of association
407
4.5 Registering the modification of every clause of the regulation 400.-
4.6 Registering for new directors per person 400.-
4.7 Registering for partners’ resignation (no limit) 400.-
4.8 Registering the modification of directors’ authority 400.-
4.9 Registering the change of location of head office and / or

400.-
branches
4.10 Registering the modification of seal 400.-
4.11 Register other transactions that should be publicized 400.-
5. Registering the company’s liquidation 400.-
6. Registering the change of liquidators 400.-
7. Registering the modification of liquidator’s power and authority 400.-
8. Registering the modification of liquidation office 400.-
9. Registering the completeness of liquidation 400.-
Source:http://www.dbd.go.th/mainsite/index.php?id=99&L=1&sword_list[]=company&swor
d_list[]=limited
408
สัญญาเช่าที่ดิน
สถานที่ทําสัญญา…………………………………….
วันที…
่ ………เดือน………………………. พ.ศ. ……..
สัญญานี้ทําในระหว่าง………………………………………………. ตั้งอยู่เลขที…
่ ………………ถนน……………………….
ตรอก/ซอย……………………………… ตําบล/แขวง……………………………อําเภอ/เขต……………………
จังหวัด……………………………… ซึ่งต่อไปในสัญญานี้เรียกว่า "ผู้ให้เช่า"ฝ่ายหนึ่ง กับ…………………………………. สํานักงานตั้งอยู่
เลขที…
่ ………. ถนน…………………………ตรอก/ซอย……………………. ตําบล/แขวง………………………….. อําเภอ/
เขต…………………………….จังหวัด…………………………...… ซึ่งต่อไปในสัญญานี้เรียกว่า "ผู้ให้เช่า" อีกฝ่ายหนึ่ง ทั้งสองฝ่ายได้ตก
ลงทําสัญญาไว้ต่อกันดังมีข้อความต่อไปนี้
ข้อ 1. ผู้ให้เช่าตกลงให้เช่า ผู้เช่าตกลงเช่าที่ดินตั้งอยู่ท…
ี่ ……….ตามหมายเลขโฉนดที…
่ ………….
……………….. เลขที่ดิน……………………..ตําบล/แขวง…………………..อําเภอ/เขต……………………..
จังหวัด……………………. มีเนื้อที…
่ …………..ไร่ ……………….งาน……………..ตารางวา เพื่อประโยชน์
ในการ……………………………………………………………………………………………………………
ข้อ 2. ผู้เช่าสัญญาว่าจะใช้ที่ดินดังกล่าวเพื่อ…………………………………………………………..เท่านั้น หากผู้เช่าประสงค์
จะก่อสร้างอาคารหรือเปิดกิจการอย่างอื่นนอกเหนือจากที่ได้ระบุไว้ดังกล่าวแล้ว ผู้เช่าจะต้องได้รับความเห็นชอบจากผู้ให้เช่าเป็นลายลักษณ์
อักษรเสียก่อน
ข้อ 3. ผู้เช่าสัญญาว่าจะจ่ายเงินค่าเช่าให้แก่ผู้ให้เช่าดังนี้
3.1 ตั้งแต่วันที…
่ ……………………………….. ถึงวันที…
่ ………………………………….ค่าเช่าเดือน
ละ……………………..บาท (…………………………………………………)
3.2 ตั้งแต่วันที่ค่าเช่าเดือนละ……………………..บาท (…………………………………………………) ในระหว่างเวลาที่
ตกลงเช่ากันนี้ ถ้าค่าของเงินบาทไทยเทียบกับค่าของเงินดอลลาร์สหรัฐตามอัตราแลกเปลี่ยนเงินในท้องตลาดลดต่ําลงหรือสูงขึ้นเกินกว่า
20% ของอัตราแลกเปลี่ยนเงินในวันทําสัญญานี้ แล้วคู่สัญญาต่างตกลงกันเปลี่ยนอัตราค่าเช่าเสียใหม่โดยคิดอัตราค่าเช่าเพิ่มหรือลดลงตาม
ส่วนของอัตราแลกเปลี่ยนเงินที่เปลี่ยนแปลงดังกล่าวนั้น (อัตราแลกเปลี่ยนในวันทําสัญญานี้ หนึ่งดอลลาร์สหรัฐมีค่าเท่ากับ………….บาท
ในการชําระค่าเช่าผู้เช่าตกลงชําระเงินค่าเช่าล่วงหน้าให้แก่ผู้ให้เช่าเป็นงวด ๆ ละ………………เดือน ภายในกําหนด……………….วัน นับ
แต่วันต้นงวดของงวดนั้น ๆ
ข้อ 4. สําหรับอายุการเช่านั้น ทั้งสองฝ่ายได้ตกลงให้เช่าและเช่าเริ่มตั้งแต่วันที…
่ …………….เดือน…………………
พ.ศ…………. จนถึงวันที…
่ ………….เดือน…………………………… พ.ศ. …………..เมื่อพ้นวันที…
่ ………
เดือน…………………………….พ.ศ…………….อันเป็นวันสิ้นสุดแห่งสัญญาเช่านั้นแล้ว ผู้เช่ายอมให้อาคารและสิ่งปลูกสร้างทั้งหมดที่
409
อยู่ในที่ดินแปลงนี้ ทั้งอุปกรณ์และส่วนควบต่าง ๆ และรวมทั้งสังหาริมทรัพย์ใด ๆ ที่ใช้เกี่ยวกับกิจการดังกล่าวแล้ว หรือเกี่ยวเนื่องกับ

กิจการดังกล่าว ซึ่งหมายรวมถึงเครื่องเฟอร์นิเจอร์ เครื่องทําความเย็น พัดลม เครื่องโทรศัพท์ เครื่องไฟฟ้า เครื่องซักผ้า เครื่องครัว
ฯลฯ ทั้งหมดตกเป็นกรรมสิทธิ์ของผู้ให้เช่าทันที โดยปลอดจากภาระจํานองและหนี้สินใด ๆ ทั้งสิ้น
ข้อ 5. เมื่ออาคารสิ่งปลูกสร้างและสังหาริมทรัพย์ต่าง ๆ ดังกล่าวใน ข้อ 4. ตกเป็นกรรมสิทธิ์
ของ………………………………….. ผู้ให้เช่าแล้ว ผู้ให้เช่าสัญญาว่าจะยอมให้ผู้เช่าได้เช่าเพื่อประกอบกิจการต่อไปอีกมีกําหนด
อีก…………….ปีนับแต่วันหมดอายุสัญญาเช่า ส่วนอัตราค่าเช่าแล้วแต่จะตกลงกันด้วยเหตุผลและเป็นธรรมด้วยกันทั้งสองฝ่ายตาม
สภาพการณ์ในขณะนั้น
ข้อ 6. เมื่อผู้ให้เช่าได้จ่ายเงินค่าภาษีที่ดินก็ดี ภาษี และค่าธรรมเนียมใด ๆ ที่เกิดจาก หรือเกี่ยวเนื่องกับที่ดินที่เช่าในขณะนี้ หรือ
ที่อาจจะมีขึ้นในภายหน้าก็ดี เมื่อผู้ให้เช่าชําระไปแล้วผู้ให้เช่ามีสิทธิจะเรียกร้องจากผู้เช่าได้ทุก ๆ ครั้งที่ผู้ให้เช่าได้จ่ายไปตลอดเวลาที่เช่าอยู่
นั้นทั้งสิ้น โดยเงินดังกล่าวทั้งสองถือว่าเป็นค่าเช่าเพิ่มเติมที่ผู้เช่าจะต้องชําระให้แก่ผู้ให้เช่าเมื่อผู้ให้เช่าเรียกร้อง
ข้อ 7. ผู้ให้เช่ายินยอมให้ผู้เช่านําที่ดินหรืออาคารที่ปลูกสร้างไปให้ผู้อื่นเช่าช่วงได้ แต่จะต้องอยู่ภายในกําหนดและเงื่อนไขที่
ระบุไว้ในสัญญานี้ และผู้เช่ามีหน้าที่จะต้องแจ้งให้ผู้เช่าทราบภายในกําหนด 7 วันนับแต่วันตกลงกับผู้เช่าช่วง หากมีผู้อื่นมาปลูกสร้างอาคาร
หรือสิ่งปลูกสร้างในที่ดิน จะเป็นกรณีให้เช่าช่วงหรือปลูกสร้างโดยกรณีใด ๆ ก็ตาม เมื่อสัญญานี้หมดกําหนดอายุสัญญาเช่าแล้ว อาคารหรือ
สิ่งปลูกสร้างนั้นจะต้องตกเป็นกรรมสิทธิ์ของผู้ให้เช่าตามสัญญา ข้อ 4. ทันที หากไม่อาจจะโอนกรรมสิทธิ์ให้ผู้ให้เช่าตามกฎหมายได้ด้วย
ประการใด ๆ ผู้เช่ายอมชดใช้ราคาอาคารหรือสิ่งปลูกสร้างนั้นให้ผู้ให้เช่าตามราคาค่าก่อสร้างในขณะนั้น
ข้อ 8. ผู้ให้เช่ายอมให้ผู้เช่านําเอาอาคารและสิ่งปลุกสร้างที่ปลูกอยู่ในที่ดินของผู้ให้เช่าตามสัญญานี้ไปทําการจํานองหรือเป็น
ประกันหนี้กับธนาคารพาณิชย์หรือบุคคลใดได้ตามที่เห็นสมควร แต่ผู้เช่าจะต้องแจ้งรายละเอียดให้ผู้ให้เช่าได้ทราบล่วงหน้าทุกครั้งที่จะมี
การจํานองหรือกันหนี้นั้น การจํานองหรือการค้ําประกันหนี้ดังกล่าวในวรรคก่อน จะต้องมีระยะเวลาไม่นานเกินกว่า………ปีนับแต่วันทํา
สัญญานี้ และไม่ว่าในกรณีใด ๆ ผู้เช่าจะต้องทําการไถ่ถอนการจํานองหรือการประกันหนี้ เพื่อให้อาคารและสิ่งปลูกสร้างอันเกี่ยวเนื่องกับ
กิจการ…………………………………..นั้น ปลอดจากการจํานองหรือการประกันหนี้ภายในวันที…
่ ……เดือน………………พ.ศ………
หากผู้เช่าไม่ทําการไถ่ถอนหรือไม่สามารถทําการไถ่ถอนการจํานองหรือการประกันหนี้ไม่ว่าในกรณีใด ๆ ได้ภายในกําหนดดังกล่าวใน
วรรคสอง คู่สัญญาทั้งสองฝ่ายตกลงให้สัญญาเช่าฉบับนี้สิ้นสุดทันที และให้อาคารและสิ่งปลูกสร้างรวมทั้งอุปกรณ์และส่วนควบค่าง ๆ
และ ฯลฯ ตามที่ระบุไว้ในข้อ 4. ตกเป็นของผู้ให้เช่าทันที ในการนี้ถ้าหากเป็นเหตุให้ผู้ให้เช่าต้องได้รับความเสียหายอันเนื่องมาจากภาระ
จํานองหรือการบังคับจํานองก็ดี หรือเกิดจากหนี้สินใด ๆ ที่ผู้เช่าได้กระทําไว้ก็ดี ผู้เช่ายินยอมชดใช้ค่าเสียหายที่เกิดขึ้นทั้งสิ้น ตลอดจน
ดอกเบี้ยที่อาจเกิดขึ้นจากเงินค่าเสียหายนั้นให้แก่ผู้ให้เช่าจนครบถ้วน
ข้อ 9. หากผู้เช่าผิดสัญญาไม่ชําระค่าเช่าตามข้อ 3. หรือไม่จ่ายค่าภาษีอันถือว่าเป็นค่าเช่าเพิ่มเติมถึงวันที…
่ …………………
ตามข้อ 6. ผู้เช่ายินยอมให้ผู้ให้เช่าบอกเลิกสัญญาเช่าได้ แต่ผู้ให้เช่าจะต้องบอกกล่าวเป็นหนังสือให้ผู้เช่านําเงินค่าเช่าตามข้อ 3. หรือเงินภาษี
ตามข้อ 6. มาชําระเสียครั้งหนึ่งก่อน ภายในกําหนดระยะเวลา 30 วัน นับแต่วันที่คําบอกกล่าวได้ไปถึงผู้เช่า หากผู้เช่าละเลยก็ให้อาคารที่
ปลูกสร้างทั้งหมดตกเป็นกรรมสิทธิ์ของผู้ให้เช่า ตามนัยสัญญาข้อ 4. และข้อ 7. ด้วย
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ข้อ 10. ผู้ให้เช่าและผู้เช่าตกลงกันให้สัญญานี้เริ่มแต่วันที…

่ ……….เดือน……………………….พ.ศ… เป็นต้นไป
สัญญานี้ได้ทําขึ้นไว้สองฉบับมีข้อความตรงกัน ผู้ให้เช่าและผู้เช่าได้อ่านข้อความในสัญญานี้เข้าใจดีแล้ว จึงลงชื่อไว้เป็น

หลักฐานต่อหน้าพยาน และต่างได้เก็บไว้เป็นหลักฐานฝ่ายละหนึ่งฉบับ
ลงชื่อ ……………………………………………. ผู้เช่า

(………………………………………………)
ลงชื่อ ……………………………………………. ผู้ให้เช่า

(………………………………………………)
ลงชื่อ ……………………………………………. พยาน

(………………………………………………)
ลงชื่อ ……………………………………………. พยาน

(………………………………………………)
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ความรู้เรื่องภาษีป้ายและการจัดเก็บภาษีป้าย
1. ป้ายที่ต้องเสียภาษี
1.1 ป้ายที่ต้องเสียภาษีป้าย ได้แก่ ป้ายแสดงชื่อ ยี่ห้อ หรือเครื่องหมายที่ใช้ในการประกอบการค้า หรือ
ประกอบกิจการอื่นเพื่อหารายได้ ไม่ว่าจะแสดง หรือโฆษณาไว้ที่วัตถุใด ๆ ด้วยอักษร ภาพ หรือเครื่องหมาย ที่เขียน
แกะสลัก จารึก หรือทําให้ปรากฏด้วยวิธีใด ๆ
1.2 ไม่เป็นป้ายที่ได้รับการยกเว้นภาษีป้าย
2. ป้ายที่ได้รับการยกเว้นไม่ต้องเสียภาษีป้าย ได้แก่
2.1 ป้ายที่แสดงไว้ ณ โรงมหรสพ และบริเวณของโรงมหรสพนั้น เพื่อโฆษณามหรสพ
2.2 ป้ายที่แสดงไว้ที่สินค้า หรือที่สิ่งห่อหุ้มหรือบรรจุสินค้า
2.3 ป้ายที่แสดงไว้ในบริเวณงานที่จัดขึ้นเป็นครั้งคราว
2.4 ป้ายที่แสดงไว้ที่คนหรือสัตว์
2.5 ป้ายที่แสดงไว้ภายในอาคารที่ใช้ประกอบการค้า หรือประกอบกิจการอื่นหรือภายในอาคารซึ่งเป็น
ที่รโหฐาน ทั้งนี้เพื่อหารายได้ และแต่ละป้ายมีพื้นที่ไม่เกินที่กําหนดในกฎกระทรวง (กฎกระทรวง ฉบับที่ 8 (พ.ศ. 2542)
กําหนดว่าต้องเป็นป้ายที่มีพื้นที่ไม่เกินสามตารางเมตร มีผลบังคับใช้ตั้งแต่วันที่ 21 พฤษภาคม 2542) แต่ไม่รวมถึงป้าย
ตามกฎหมายว่าด้วยทะเบียนพาณิชย์
2.6 ป้ายของราชการส่วนกลาง ราชการส่วนภูมิภาค หรือราชการส่วนท้องถิ่น ตามกฎหมายว่าด้วยระเบียบ
บริหารราชการแผ่นดิน
2.7 ป้ายขององค์การที่จัดตั้งขึ้นตามกฎหมายว่าด้วยการจัดตั้งองค์การของรัฐบาล หรือตามกฎหมาย
ว่าด้วยการนั้นๆ และหน่วยงานที่นํารายได้ส่งรัฐ
2.8 ป้ายของธนาคารแห่งประเทศไทย ธนาคารออมสิน ธนาคารอาคารสงเคราะห์ ธนาคารเพื่อการเกษตรและ
สหกรณ์ และบริษัทเงินทุนอุตสาหกรรมแห่งประเทศไทย
2.9 ป้ายของโรงเรียนเอกชนตามกฎหมายว่าด้วยโรงเรียนเอกชน หรือสถาบันอุดมศึกษาเอกชน ที่แสดงไว้ ณ
อาคารหรือบริเวณของโรงเรียนเอกชน หรือสถาบันอุดมศึกษาเอกชนนั้น
2.10 ป้ายของผู้ประกอบการเกษตร ซึ่งค้าผลผลิตอันเกิดจากการเกษตรของตน
2.11 ป้ายของวัด หรือผู้ดําเนินกิจการเพื่อประโยชน์แก่การศาสนา หรือการกุศลสาธารณะโดยเฉพาะ
2.12 ป้ายของสมาคมหรือมูลนิธิ
2.13 ป้ายที่กําหนดในกฎกระทรวง
กฎกระทรวง ฉบับที่ 2 (พ.ศ. 2535) ออกตามความในพระราชบัญญัติภาษีป้าย พ.ศ. 2510 กําหนดป้ายที่ได้รับ
การยกเว้นภาษีป้ายคือ
(1) ป้ายที่แสดงหรือติดตั้งไว้ที่รถยนต์ส่วนบุคคล รถจักรยานยนต์ รถบดถนน หรือรถแทรกเตอร์
(2) ป้ายที่ติดตั้งหรือแสดงไว้ที่ล้อเลื่อน
(3) ป้ายที่ติดตั้งหรือแสดงไว้ที่ยานพาหนะนอกเหนือจาก (1) และ (2) โดยมีพื้นที่ไม่เกินห้าร้อยตาราง
เซนติเมตร
3. ผู้มีหน้าที่เสียภาษีป้าย
ผู้มีหน้าที่เสียภาษีป้าย ได้แก่
3.1 เจ้าของป้าย
3.2 ในกรณีที่ไม่มีผู้อื่นยื่นแบบแสดงรายการภาษีป้าย หรือเมื่อพนักงานเจ้าหน้าที่ไม่อาจหาตัวเจ้าของป้ายนั้น
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ได้ให้ถือว่าผู้ครอบครองป้ายนั้นเป็นผู้มีหน้าที่เสียภาษีป้าย ถ้าไม่อาจหาตัวผู้ครอบครองป้ายนั้นได้ให้ถือว่าเจ้าของหรือ
ผู้ครอบครองอาคารหรือที่ดินที่ป้ายนั้นติดตั้งหรือแสดงอยู่เป็นผู้มีหน้าที่เสีย ภาษีป้ายตามลําดับ
4. ระยะเวลาการยื่นแบบแสดงรายการเพื่อเสียภาษีป้าย
4.1 เจ้าของป้ายที่มีหน้าที่เสียภาษีป้ายต้องยื่นแบบแสดงรายการภาษีป้าย (ภป.) ภายในเดือนมีนาคมของทุกปี
4.2 ในกรณีที่ติดตั้งหรือแสดงป้ายภายหลังเดือนมีนาคมหรือติดตั้งหรือแสดงป้ายใหม่แทนป้ายเดิม หรือ
เปลี่ยนแปลงแก้ไขป้ายอันเป็นเหตุให้ต้องเสียภาษีป้ายเพิ่มขึ้น ให้เจ้าของป้ายยื่นแบบแสดงรายการภาษีป้ายภายใน 15 วัน
นับแต่วันติดตั้งหรือแสดงป้าย หรือนับแต่วันเปลี่ยนแปลงแก้ไขแล้วแต่กรณี
5. การคานวณพื้นที่ป้าย อัตราค่าภาษีป้าย และการคานวณภาษีป้าย

5.1 การคํานวณพื้นที่ป้าย
5.1.1 ป้ายที่มีขอบเขตกําหนดได้
ส่วนกว้างที่สุด X ส่วนยาวที่สุดของขอบเขตป้าย
5.1.2 ป้ายที่ไม่มีขอบเขตกําหนดได้
ถือตัวอักษร ภาพ หรือเครื่องหมายที่อยู่ริมสุดเป็นขอบเขตเพื่อกําหนด ส่วนกว้างที่สุด
ยาวที่สุด แล้วคํานวณตาม 5.1.1
5.1.3 คํานวณพื้นที่เป็นตารางเซนติเมตร
5.2 อัตราภาษีป้าย แบ่งเป็น 3 อัตรา ดังนี้
อัตราภาษีป้าย (ต่อ 500 ตารางเซนติเมตร)
1) อักษรไทยล้วน 3 บาท/500 ตร.ซม.

2) อักษรไทยปนกับอักษรต่างประเทศ/ภาพ/เครื่องหมายอื่น 20 บาท/500 ตร.ซม.
3) ป้ายดังต่อไปนี้ 40 บาท/500 ตร.ซม.
ก. ไม่มีอักษรไทย
ข. อักษรไทยบางส่วนหรือทั้งหมดอยู่ใต้ หรือต่ํากว่าอักษรต่างประเทศ
4) ป้ายที่เปลี่ยนแปลงแก้ไขพื้นที่ป้าย ข้อความ ภาพ หรือเครื่องหมายบางส่วนในป้ายได้เสีย
ภาษีป้ายแล้วอันเป็นเหตุให้ต้องเสียภาษีป้ายเพิ่มขึ้น ให้คิดอัตรา ตาม 1) 2) หรือ 3)
แล้วแต่กรณี และให้เสียเฉพาะเงินภาษีที่เพิ่มขึ้น
5) ป้ายใดเสียต่ํากว่า 200 บาท ให้เสีย 200 บาท
5.3 การคํานวณภาษีป้าย ให้คํานวณโดยนําพื้นที่ป้ายคูณด้วยอัตราภาษีป้าย เช่น ป้ายที่ต้องเสียภาษี
มีพื้นที่ 10,000 ตารางเซนติเมตร เป็นป้ายประเภทที่ 2 ป้ายนี้เสียภาษี ดังนี้
10,000 หาร 500 คูณ 20 เท่ากับ 400 บาท (10,000/500 X 20 = 400)
6. หลักฐานที่ใช้ประกอบการเสียภาษีป้าย
เพื่อความสะดวกในการเสียภาษี ควรแนะนําผู้มีหน้าที่เสียภาษีนําหลักฐานประกอบการยื่นแบบแสดงรายการ
เพื่อเสียภาษี (ภป.1) เท่าที่จําเป็นเพียงเพื่อประโยชน์ในการจัดเก็บภาษีเท่านั้น
6.1 กรณีป้ายที่ติดตั้งใหม่ ผู้มีหน้าที่เสียภาษีป้ายที่ติดตั้งใหม่ ได้แก่
1) บัตรประจําตัวประชาชน
2) สําเนาทะเบียนบ้าน
3) ทะเบียนภาษีมูลค่าเพิ่ม
4) หนังสือรับรองหุ้นส่วนบริษัท
413
5) ใบอนุญาตติดตั้งป้ายหรือใบเสร็จรับเงินจากร้านทําป้าย
6.2 กรณีป้ายรายเก่า ผู้มีหน้าที่เสียภาษีป้ายที่เคยยื่นแบบแสดงรายการเพื่อเสียภาษีป้ายไว้แล้ว ควรนํา
ใบเสร็จรับเงินค่าภาษีป้ายครั้งก่อนมาแสดงด้วย
7. ขั้นตอนการชาระภาษีป้าย
7.1 ผู้มีหน้าที่ต้องเสียภาษีป้ายยื่นแบบแสดงรายการภาษีป้าย (ภป.1) พร้อมด้วยหลักฐาน
7.2 พนักงานเจ้าหน้าที่ดําเนินการเป็น 2 กรณี ดังนี้
1) กรณีที่ผู้เสียภาษีป้ายประสงค์จะชําระภาษีป้ายในวันยื่นแบบแสดงรายการเสียภาษีป้าย ถ้าพนักงาน
เจ้าหน้าที่ตรวจสอบและประเมินภาษีป้ายได้ทันทีให้แจ้งผู้เสียภาษีป้ายว่าจะต้องเสียภาษีเป็นจํานวนเท่าใด
2) กรณีผู้เสียภาษีป้ายไม่พร้อมจะชําระภาษีในวันยื่นแบบแสดงรายการภาษีป้าย พนักงานเจ้าหน้าที่จะมี
หนังสือแจ้งการประเมิน (ภป.3) แจ้งจํานวนเงินภาษีที่จะต้องชําระแก่ผู้เสียภาษี
7.3 ผู้เสียภาษีต้องมาชําระเงินค่าภาษีป้ายภายใน 15 วัน นับแต่วันที่ได้รับแจ้งการประเมินมิฉะนั้นจะต้องเสีย
เงินเพิ่ม
7.4 การชําระภาษีป้าย
- เจ้าของป้ายมีหน้าที่ชําระภาษีป้ายเป็นรายปี ยกเว้นป้ายที่แสดงปีแรก
(1) ระยะเวลา ภายใน 15 วันนับแต่วันที่ได้รับแจ้งการประเมิน
(2) สถานที่ชําระภาษี
- สถานที่ที่ได้ยื่นแบบแสดงรายการภาษีป้ายไว้
- หรือสถานที่อื่นที่พนักงานเจ้าหน้าที่กําหนด
(3) การชําระภาษีวิธีอื่น
- ธนาณัติ หรือตั๋วแลกเงินของธนาคารสั่งจ่ายส่วนท้องถิ่น
- ส่งโดยไปรษณีย์ลงทะเบียน
- ส่งไปยังสถานที่ตาม (2)
(4) การผ่อนชําระหนี้
1. ภาษีป้าย 3,000 บาท ขึ้นไป
2. ผ่อนชําระเป็น 3 งวดเท่า ๆ กัน
3. แจ้งความจํานงเป็นหนังสือก่อนครบกําหนดเวลาชําระหนี้
- ป้ายติดตั้งปีแรก
- คิดภาษีป้ายเป็นรายงวด
- งวดละ 3 เดือน
- เริ่มเสียตั้งแต่งวดที่ติดตั้ง จนถึงงวดสุดท้ายของปี
งวด 1 มกราคม – มีนาคม = 100 %
งวด 2 เมษายน – มิถุนายน = 75 %
งวด 3 กรกฎาคม – กันยายน = 50 %
งวด 4 ตุลาคม – ธันวาคม = 25 %
8. การเสียภาษีป้ายในส่วนเงินเพิ่ม
ผู้มีหน้าที่เสียภาษีป้ายจะต้องเสียเงินเพิ่มในกรณีและอัตราดังต่อไปนี้
8.1 ไม่ยื่นแบบแสดงรายการภาษีป้ายภายในเวลาที่กําหนด ให้เสียเงินเพิ่มร้อยละสิบของค่าภาษีป้ายเว้นแต่
กรณีที่เจ้าของป้ายได้ยื่นแบบแสดงรายการภาษีป้ายก่อนที่พนักงานเจ้าหน้าที่จะได้แจ้งให้ทราบถึงการละเว้นนั้น ให้เสียเงิน
เพิ่มร้อยละห้าของค่าภาษีป้าย
414
8.2 ยื่นแบบแสดงรายการภาษีป้ายโดยไม่ถูกต้อง ทําให้จํานวนเงินที่จะต้องเสียภาษีป้ายลดน้อยลงให้เสียเงิน

เพิ่มร้อยละสิบของค่าภาษีป้ายที่ประเมินเพิ่มเติม เว้นแต่กรณีที่เจ้าของป้ายได้มาขอแก้ไขแบบแสดงรายการภาษีป้ายให้
ถูกต้องก่อนที่พนักงานเจ้าหน้าที่แจ้งการประเมิน
8.3 ไม่ชําระภาษีป้ายภายในเวลาที่กําหนด ให้เสียเงินเพิ่มร้อยละสองต่อเดือนของค่าภาษีป้าย เศษของเดือน
ให้นับเป็นหนึ่งเดือน ทั้งนี้ไม่ให้นําเงินเพิ่มตาม 8.1 และ 8.2 มาคํานวณเป็นเงินเพิ่มตามข้อนี้ด้วย
9. บทกาหนดโทษ
9.1 ผู้ใดแจ้งข้อความอันเป็นเท็จ ให้ถ้อยคําเท็จ ตอบคําถามด้วยถ้อยคําอันเป็นเท็จ หรือนําพยานหลักฐาน
เท็จมาแสดงเพื่อหลีกเลี่ยงหรือพยายามหลีกเลี่ยงการเสียภาษีป้าย ต้องระวางโทษจําคุกไม่เกิน 1 ปีหรือปรับตั้งแต่ 5,000
บาท ถึง 50,000 บาท หรือทั้งจําทั้งปรับ
9.2 ผู้ใดจงใจไม่ยื่นแบบแสดงรายการภาษีป้ายต้องระวางโทษปรับตั้งแต่ 5,000 บาท – 50,000 บาท
9.3 ผู้ใดไม่แจ้งการรับโอนป้ายหรือไม่แสดงรายการเสียภาษีป้ายไว้ ณ ที่เปิดเผยในสถานที่ประกอบกิจการ
ต้องระวางโทษปรับตั้งแต่ 1,000 บาท ถึง 10,000 บาท
9.4 ผู้ใดขัดขวางการปฏิบัติงานของพนักงานเจ้าหน้าที่ หรือไม่ปฏิบัติตามคําสั่งของพนักงานเจ้าหน้าที่ซึ่งสั่งให้
มาให้ถ้อยคําหรือให้ส่งบัญขีหรือเอกสารเกี่ยวกับป้ายมาตรวจสอบภายในกําหนดเวลาอันสมควร ต้องระวางโทษจําคุกไม่เกิน
6 เดือน หรือปรับตั้งแต่ 1,000 บาท ถึง 20,000 บาท หรือทั้งจําทั้งปรับ
10. การอุทธรณ์การประเมิน
เมื่อผู้เสียภาษีได้รับแจ้งการประเมิน (ภป.3) แล้วเห็นว่าการประเมินนั้นไม่ถูกต้อง มีสิทธิอุทธรณ์การประเมิน
ต่อผู้บริหารท้องถิ่น หรือผู้ได้รับมอบหมาย โดยต้องยื่นอุทธรณ์ภายใน 30 วัน นับแต่วันที่ได้รับแจ้งการประเมิน
ผู้อุทธรณ์มีสิทธิอุทธรณ์คําวินิจฉัยของผู้บริหารท้องถิ่นต่อศาลภายใน 30 วัน นับแต่วันรับแจ้งคําวินิจฉัย
อุทธรณ์
11. การขอคืนเงินภาษีป้าย
ผู้เสียภาษีป้ายโดยไม่มีหน้าที่ต้องเสียหรือเสียเกินกว่าที่ควรจะต้องเสีย ผู้นั้นมีสิทธิขอรับเงินคืนได้โดยยื่นคําร้อง
ขอคืนภายใน 1 ปี นับแต่วันที่เสียภาษีป้าย
แหล่งอ้างอิงจาก: ทําป้าย.mission100dollars.com/ความรู้เรื่องภาษีป้าย/
415
References
- http://www.thaifeed.net/animal/ostrich/ostrich-1.html
- www2.tat.or.th/stat/download/tst/361/สถิติเชียงราย.doc
- http://www.nesdb.go.th/Portals/0/eco_datas/account/gpp/2009/TABLE%20IN%20GP
P%20BOOK%202009p1.zip
- http://www.tourism.go.th/2010/upload/filecenter/file/stat_File_pdf52/north/cheangrai.
pdf
- http://th.wikipedia.org/wiki/ประเทศไทย
- http://www.price.moc.go.th/price/fileuploader/file_admin_sum/eci.pdf
- http://cri.brrd.in.th/km/index.php?option=com_content&view=article&id=44&cd7160
9fcb862acb1060bce7c979e176=f0713765432c8e56fe468137f2152348
- http://www.edtguide.com/KhachonFarm_22545
- www.wanafarm.com 8 Source: www.thaitravelcommunity.com/แหล่งท่องเที่ยวเชิงเกษตร/ฟาร์ม
นกกระจอกเทศ-นครสวรรค์.html
- www.tonkeian.com/จังหวัดกาแพงเพชร/ตัวอย่างโปรแกรมนาเที่ยว-จังหวัดกาแพงเพชร.html
- http://www.tourism.go.th/2010/upload/filecenter/file/stat_File_pdf52/north/cheangrai.
pdf
- http://thai.tourismthailand.org/travel-and-transport/faqs/visa-and-custom 12
- www.wannafarm.com
- http://www.tourism.go.th/2010/upload/filecenter/file/stat_2553/November/guest/upda
te_guest%20north%20jan-june2010.xls
- http://www.srisinnfah.com/Profile_th.htm
- http://www.siameggdesign.com/
- http://www.thaionlinemarket.com/productsearch.asp?search=%A2%D2%C2%C3%B
6%C1%E9%D2&gid=11&rid=178
- http://www.suthichaiyoon.com/detail/7618
- http://www.petchsiam-hotel.com/eng/?option=crtravel
- www.investorwords.com/1696/employee.html
- http://www.dbd.go.th/mainsite/index.php?id=99&L=1&sword_list[]=company&swor
d_list[]=limited
- www.pataramit.com/download.php?file...doc
416
Fah Luang farm and reataurant
1. Miss Kongkan Rattanamaneeporm ID: 5031203004

2. Miss Tussanee Sittinunchai ID: 5031203028
3. Miss Ruthaipak Phongsai ID:5031203060
4. Miss Supaporn Yotinta ID: 5031203079
5. Miss Hatthaya Chairat ID: 5031203082
417

A06-Fah Luang Farm and Restaurant

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1

Content of table .............................................................................................................................................5

Content of Figure ..........................................................................................................................................6

Executive Summary ......................................................................................................................................8

Chapter 1: Introduction .................................................................................................................................9

1.1 Background and significance of project ........................................................................................9

1.2 Project objective ............................................................................................................................... 10

1.3 benefit of project .............................................................................................................................. 10

1.4 Time frame ....................................................................................................................................... 11

Chapter 2: Industry Profile ......................................................................................................................... 12

2.1 Natural of Industry ........................................................................................................................... 12

2.2 Situation of industry ......................................................................................................................... 15

2.3 Product/Service (in General) ............................................................................................................ 21

2.4 Vision and Mission........................................................................................................................... 24

2.5.1 Cooperate level .......................................................................................................................... 25

2.5.2 Business level ............................................................................................................................ 25

2.5.3 Function level ............................................................................................................................ 26

2.4 Marketing and sales department ....................................................................................................... 26

2.5 Financial department ........................................................................................................................ 26

2.6 General Management Department .................................................................................................... 26

2.7 Human Resources Management Department ................................................................................... 27

Chapter 3: Market feasibility study ............................................................................................................ 28

3.1 Market Analysis ............................................................................................................................... 28

3.1.1 General environment ................................................................................................................. 28

3.2 STP Analysis .................................................................................................................................... 33

3.2.1 Market segmentation ................................................................................................................. 33

3.2.2 Target market ............................................................................................................................ 36

3.2.3 Market positioning .................................................................................................................... 36

3.3 Marketing mix strategy .................................................................................................................... 36

3.3.2 Price ........................................................................................................................................... 37

3.3.3 Place or Channel of Distribution ............................................................................................... 37

3.3.4 Promotion .................................................................................................................................. 37

3.4.1 Strength ..................................................................................................................................... 39

3.4.2 Weakness ................................................................................................................................... 39

3.4.3 Opportunity ............................................................................................................................... 39

3.5 Sales forecast .................................................................................................................................... 40

3.6 Marketing Expense ........................................................................................................................... 48

3.6.1 Marketing tools.......................................................................................................................... 48

3.6.2 Marketing budgets ..................................................................................................................... 49

3.7 Marketing Feasibility Analysis Summary ........................................................................................ 53

Chapter4: Technical Feasibility Study ....................................................................................................... 54

4.1 Production and Operations Analysis ................................................................................................ 54

4.1.1 Product Characteristic ............................................................................................................... 54

4.1.2 Product/service process ............................................................................................................. 65

4.1.3Location and Layout ................................................................................................................... 67

4.1.4 Tools / Equipments .................................................................................................................... 78

4.1.5 Logistic Management .............................................................................................................. 114

4.1.6 Facility Management ............................................................................................................... 115

4.2 Cost of Investment.......................................................................................................................... 119

4.2.1 Pre – Operating Cost ............................................................................................................... 119

4.3 Investment Cost .............................................................................................................................. 125

4.3.1 Building Decoration ................................................................................................................ 125

4.3.3 Office supplies for every 1st quarter ....................................................................................... 129

4.4 Management Analysis .................................................................................................................... 158

4.4.1 Organization management ....................................................................................................... 159

4.5 Technical Feasibility Conclusion ................................................................................................... 177

Chapter 5: Financial Analysis .................................................................................................................. 178

Chapter 6: Risk Management ................................................................................................................. 202

6.1 External Risk .................................................................................................................................. 202

6.1.1Economic Risk ......................................................................................................................... 202

6.1.2Environment and Natural Disaster ........................................................................................... 202

6.1.3Customer Perspective Risk ....................................................................................................... 203

6.1.4Competitive Risk ...................................................................................................................... 204