Simplified Business Plan On: Milk Fish Production

SIMPLIFIED
BUSINESS PLAN
On
Milk Fish Production
Name of Project
Agri Pinay
Loan Program
By:
Jerelyn Gabao Doromal

Name of Agripreneur/Proponent
May 22, 2021

Date Prepared
A. GENERAL INFORMATION
Project Title : Milk fish Production

Proponent/Borrower : Jerelyn Gabao Doromal
Registering Entity
:
(SEC/CDA/DTI/DOLE)
Registration Number :
Registration Date :
Accreditation Ctrl. No.
(RSBSA/FFEDIS)
Type of Business : ( ) Crop Production
Specify type of crop: ____________________
( ) Livestock Production
Specify type of livestock: _______________
(/) Fisheries
( ) Trading
( ) Processing
( ) Integrated Farming
( ) Others: _________________________________
Business Address : Purok Bangus, Tagabuli Sta. Cruz,Municipality, Dvao del
Sur,Region XI
Contact Person : Jerelyn Babao Doromal
Designation : Owner
Age : 38
Marital Status : Married
Home Address : Tagabuli, Sta Cruz ,Davao del Sur
Contact Number : 0916-944-8044
Alternate Contact No. : none
Email Address : [email protected]
Total Project Cost : Php 245,800.00
Financing Requirement : Php 100,000.00
Counterpart : Php 145,800.00
Vision
The business vision is to become successful and can produce enough milk fish per year
Mission
To achieve, the proponent will work and managed with a proper evaluation and monitoring
of business.
Project Description
Fish industry which fish culture and marketing ranks next to the farming and livestock
raising in providing the requirement of the population. Fish comes next to rice as staple
food of Filipinos. Because of the significant role of Agriculture sector that they help and
encourage to go this kind of business including fish culture.
Milk fish culture will be located at Purok Bangus , Tagabuli, Sta Cruz Davao del Sur
where the borrower resides in the same area. The Proponent undergo training/
seminars about the production and sustainability. The Experienced and knowledge she
gained jump to this business.
Milk fish culture start from renting of cages, buying of Garungan, Acclimation, Feeding,
changing of net and harvesting. The start-up capital will be two hundred forty-five
thousand and eight hundred pesos (php245,800.00) and will compensated with project
net income of about one hundred twenty thousand per cycle php120,000.00
This project aims to achieve the following targets:

(within loan period)
a.) To become a successful business agripreneur.

b.) To run profitable business.
B. EXECUTIVE SUMMARY
The project, on its first year of operation, will generate an income in the amount of 375,
000.00. This represents an annual ROI of 48.97%. With this income capacity of the project,
the loan amount of Php100,000.00 can be repaid in 5 years, with a grace period of 2
years/months.
This project will provide a total volume of 2,500 kilos which will satisfy 100 % of the target
buyers. For the next 2 years, its production is projected to supply 60% of its current
demand.
The project will be able to generate employment of 1 people/workers from the baranggay.
C. MARKET
Market Analysis
Business marketing through buyers will be engage to lessen of transportation
Solution Who will Benefit

Problem or Gap in the
(The product or service you (Your target Customer
Market
want to offer) group/s)
Shortage of supply of fish Milk fish production Buyers/Public Markets/
Local Consumers
Supply Channel
(Specify the names of your potential suppliers)
Inputs/Equipment
to produce the Source/Supplier of Input Quantity Cost per unit
product
Garungan /Fry Robin Lim 7,000 Php6.00
0926-170-7240
Tagabuli Sta . Cruz
Feeds Robin Lim
a. starter 0926-170-7240 20 650
b. grower Tagabuli Sta . Cruz 100 700
c. finisher 150 600
Target Buyers
(Names of your Target Buyers should also be specified; it may be name of an individual or
name of a store/institution)
*Volume Quantity to
Name of Target Selling Price Mode of
Product Requirement be Supplied
Buyer per unit Payment
of the Buyer by the project
Milk fish Robin Lim 2600 kg 2 5000 kg P 150.00 Cash on
0926-170-7240 Delivery
Tagabuli Sta.
Cruz
D. MANAGEMENT
Do you have experience in farming or managing agri-related businesses?

( /) YES. What type of business?
Please specify; fisheries related.
How long have you been farming/doing business? 3 years
( ) NO.
Labor Requirement
Type of Work Number of Wage per Person

(ex. construction, farm Man-Days
Workers Needed per Day
preparation, farm work)
Feeding 1 Php2,500 Month
E. TECHNICAL ASPECT
Is your project location inspected and certified suitable (by MAO/Buyer)?

( /) YES ( ) N0
What are the processes involved in producing the product?

(Give short details if needed)
 Renting of fish cage

 Buying of Garungan/ fry
 Feeding
 Changing Net
 Harvesting
What are the available utilities in your proposed project site?

Is it available all year round?
( ) Electricity ( ) YES ( ) NO
(/ ) Water ( ) YES ( ) NO
( /) Communication Network (/ ) YES ( ) NO
Other relevant information: _______________________________________________.
F. FINANCIAL ASPECT
Financial Requirement
See Annex A: Farm Plan and Budget
FARM PLAN AND BUDGET

Name: Jerelyn Gabao Doromal Type of fish: Milk Fish
Address: Tagabuli Sta Cruz Davao del Sur Total no. Fingerlings: 7,00 pcs
Farm Location: Purok Bangus, Tagabuli Sta Projected Yield: 2500 kg
Cruz Davao del Sur
Farm Activity Quantity Unit Unit Total Loan Counterpart
Cost Amount Amount
A. Materials
1.Garungan/Fry 7,000 pcs 6 P 42,000 P 42,000
2. Stater 20 sack 650 P 13,000 P 10,000 3,000
3 Grower 100 sack 700 P 70,000 P 40,000 30,000
4.Finisher 150 sack 600 P 90,000 P 50,000 40,000
B. Other Cost
Farm Rental 2500 monthly 5 P 12,000 P 12,000
Equipment 1 MD 5,000 P 5,000 5,000
rental
Hauling 1 MD 1,300 P 1,300 1,300
Expenses
C. Non- Cash
Cost
Owners Salary 2,500 Month 5 P 12,500 12,500
Operation &
Management
P245,800 P100.000 145,800
Projected Income Statement
See Annex B: Projected Income Statement
Projected Cost and Income Analysis

From period September- January
Projected Revenues sales (2500 kilos x 150 kilos) php375,000.00
Less: Sales Return, Discounts and Allowances php10,000.00
Net Sales php365,000.00
Less Projected Cost

A. Materials
Fingerlings php42,500
Feeds
*Starter php13,000
*Grower php70,000
*finisher php90,000
B. Other Cost
Farm Rental php12,500
Equipment Rental php5,000
Hauling Expenses php1,300
C. Non-Cash Cost
Owners labor/Operation & Manage php12,500
Projected Cost of Gross Return/Income php118,200

Less operating Expenses
*Registration & license php500.00
*Travel Expenses php500.00
*Miscellaneous Expenses php1000.00
Projected Net income before TAX Php116,200

Projected Cost and Return Analysis
(The periods can be changed according to repayment e.g. monthly/less than 5 years)
Year 1 Year 2 Year 3 Year 4 Year 5

INITIAL 145,800.00 349,500.00 456,700.00 563,900.00 671,100.00
CAPITAL/BEGINNING
BALANCE
ADD: CASH INFLOW
Loan Proceeds 100,000.00 - - - -
Net Sales 365,000.00 365,000.00 365,000.00 365,000.00 365,000.00
(Add back Depreciation)
Collections on Credit Sales
Income from investment, 610,800.00 714,500.00 821,700.00 928,900.00 1,036,100
savings, donations.
Total Cash Inflow
LESS: CASH OUTFLOW
Materials, Labor, P245,800.00 P245,800.00 P245,800.00 P245,800.00 P245,800.00
Overhead, etc.
Operating Expenses 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
Service Fee 3,500.00 - - - -
Loan/ Interest Payment 10,000.00 10,000.00 30,000.00 30,000.00 20,000.00
Total Cash Outflow 261,300.00 257,800.00 257,800.00 257,800.00 257,800.00
ENDING BALANCE 349,500.00 456,700.00 563,900.00 671,100.00 778,300.00
Financial Ratios
Financial Ratios Formula Rate
Return on Investment ¿
[ Annual Net Income
'
Borrowee r s Equity+ Loan ]
×100 96%
Return on Equity ¿
( Annual
Borrowe r s Equity )
Net Income
'
×100 159%
Profitability Rate ¿ ( Annual

Annual Sales )
Net Income
×100 32%
Loan
Payback Period ¿ 0.860585
( Net income x No . of period per year )
*Annual Net Income from the Project
Prepared by:
_____JERELYN GABAO DOROMAL______

AGRI PINAY Applicant

Simplified Business Plan On: Milk Fish Production

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SIMPLIFIED

Jerelyn Gabao Doromal

May 22, 2021

Project Title : Milk fish Production

This project aims to achieve the following targets:

a.) To become a successful business agripreneur.

Business marketing through buyers will be engage to lessen of transportation

Solution Who will Benefit

Do you have experience in farming or managing agri-related businesses?

Type of Work Number of Wage per Person

Is your project location inspected and certified suitable (by MAO/Buyer)?

What are the processes involved in producing the product?

 Renting of fish cage

What are the available utilities in your proposed project site?

FARM PLAN AND BUDGET

Projected Cost and Income Analysis

Less Projected Cost

Projected Cost of Gross Return/Income php118,200

Projected Net income before TAX Php116,200

Year 1 Year 2 Year 3 Year 4 Year 5

Financial Ratios Formula Rate

Profitability Rate ¿ ( Annual

_____JERELYN GABAO DOROMAL______

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_JERELYN GABAO DOROMAL__