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Project Feasibility Study and Evaluation 2012 Chaiyawat ThongintrSchool of ManagementMae Fah Luang UniversityMemberMiss Chayaporn Thanomthai ID: 5231207018MissAntika Wongsa ID: 5231207130Miss Eunkil Shin ID: 5331207069
Citation preview
Ice Cream I Tim & Desert sweety Co., Ltd
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I
1203302
Project Feasibility Study and Evaluation
“I Tim & Dessert Sweety Shop”
Miss Chayaporn Thanomthai ID: 5231207018
Miss Antika Wongsa ID: 5231207130
Miss Eunkil Shin ID: 5331207069
Section 2 Seat 01
Ice Cream I Tim & Desert sweety Co., Ltd
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III
Content
Preface………………………………………………………………………………………...II
Content…………………………………………………………………………………..........II
Executive Summary…………………………………………………………………………..V
Chapter 1 Introduction………………………………………………………………………1
1.1 Background and Significance of the Project………………………………………2
1.2 Project Objective(s)………………………………………………………………..4
1.3 Benefits of Project)………………………………………………………………..4
1.4 Activities/Time Frame……………………………………………………………..5
Chapter 2 Industry Profile…………………………………………………………………..6
2.1 Nature of Industry………………………………………………………………...7
2.1.1 The Company of Ice Cream in Thailand………………………………...8
2.2.2 Ice Cream Homemade shops in Thailand………………………………12
2.1.3 Ice Cream Homemade Shops in Chiang Mai…………………………..14
2.1.3 Types of Homemade Ice Cream………………………………………..18
2.1.4 Type of Dessert………………………………………………………...20
2.2 Situation of Industry…………………………………………………………….22
2.3 Product/Service (in General)…………………………………………………….24
2.4 Vision of your Organization……………………………………………………..33
2.5 Mission…………………………………………………………………………...33
2.6 Strategy…………………………………………………………………………..33
2.6.1 Corporate Level………………………………………………………..33
2.6.2 Business Level……………………………………………………........33
2.6.3 Functional Level……………………………………………………….34
Chapter 3 Market Feasibility Study………………………………………………………36
3.1 Market Analysis…………………………………………………………………37
3.1.1 General Environment Analysis………………………………………..38
3.1.2 Competition Analysis (3C Analysis)………………………………….39
3.2 STP Analysis……………………………………………………………………40
3.3 Marketing Mix Strategy ………………………………………………………..40
3.4 Sales Forecast/Profit Estimation……………………………………………......41
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IV
3.5 Marketing Expenses (Sales Incentive)…………………………………………...42
3.6 Conclusion…………………………………………………………….………....43
Chapter 4 Investment Cost………………………………………………….……………..44
4.1 Cost of Investment………………………………………….…………………...45
4.1.1 Rent……………………………………………….……………...........45
4.1.2 Investment Cost………………………………….……………………45
4.1.3 Machine/Tools/ Equipments……………………….…………………..45
4.2 Depreciation………..……………………………………….…………………....53
Chapter 5 Production and Operations Analysis………………………….………………54
5.1 Product Characteristics (in Detail) …………………………….………………..55
5.2 Specification, Feathers, Dimension, Life Time, etc. ……………………………62
5.3 Ice cream recipe/ Beverage recipe/ Dessert recipe………………………………63
5.4 Operating Cost……………………………………………….………………….68
5.4.1 Raw material Cost………………………………….……………….....68
5.5 Overhead…………………………………………………….…………………..76
5.6 Logistic Management…………………………………….……………………...77
Chapter 6 Administration analysis……………………………….……………………….78
6.1 Management Analysis……………………………….…………………………..79
6.2 Conclusion………………………………………….…………………………...79
Chapter 7 Financial Analysis……………………………………….……………………..80
7.1 Financial Assumption for Business……………….…………………………….81
7.2 Financial analysis………………………………….……………………………95
Chapter 8 Risk Management………………………………….………………………….98
8.1 External factors risk……………………………….……………………………99
8.2 Internal factors risk…………………………………………………………….101
Chapter9 Summary………………………………………………………………………102
Reference…………………………………………………………………………………..116
Appendix…………………………………………………………………………………..120
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V
Executive Summary
In the past, ice cream is usually typical food of the season and effected by off-season.
But recently seasons is not simple impact to choose food. We’ve enjoying a wide range of
desert. And now the ice cream market is growing as largest market every year. Among them
is a large manufacturing company are sold through a distribution network in market. And
there is the small rest of the premium ice cream market. Fresh fruit, functional ice cream is
getting new attention in the ice cream market. Fresh fruit and healthy component ice cream
are going to increase their market as core product functionality in their product.
Customer's consumption and to increase the level of income increases, the advent of
advanced consumer is increasing.
Premium ice cream market share class will grow. Business prospects will be brighter.
So, we made low-calorie ice cream. Advanced low-calorie ice cream made using natural
materials and low-fat what consumer expectations.
However, making production of handmade ice cream with advanced Materials there
was burden on the supply with rising prices. We are looking forward to the growth of
industrial ice cream production plant in refrigerated distribution through a process of being
sold.
What is new in our brand? Just don’t serve ice cream with already made ice cream.
Be prepared directly from the site by each customer’s order.
In developed countries, advanced ice cream accounts are more than half part in the
market. Thailand national income is raising so; the growth potential is very large.
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Chapter 1
Introduction
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1.1 Background and Significance of the project
Current market growth business food snacks or light food, including coffee drinks,
bakery and ice cream are marked by "Business Ice Cream" is a business that has been the
focus of the new SME. Because coffee and bakery business has many competitors in the
market. While the ice cream, especially homemade ice cream. Has recently been very popular
during the past few years. Homemade ice cream is a good alternative way. Considering all
the factors in the product model, Process, Channel, Branding, Investment budget and market
share. Homemade ice cream business is the hottest.
However, the production of homemade ice cream to enter the few of restaurants or
hotels. But at present Homemade ice cream market grew more than 40 percent per year and
has a market capitalization of approximately U.S. $ 1,635 million, with 30.0 percent of the
total market value of premium ice cream. (Expected market value of about 5,450 million),
due to the variety of flavors and forms a unique ice cream shop. The sale price is not
expensive. The use of quality raw materials. Selection is based on the creative use of
materials. The amount of investment is not very high compared to ice cream, but the plant is
still limited in terms of brands that are not known to the general consumer. Including the
number of branches and production volume may not be sufficient to meet the needs of
consumers.
Our Ice cream Homemade Shop ,Ice cream started as natural healthy food for
everyone(especially kids, woman, dieter, patient). It deals with ice cream manufacturing. It
has a single manufacturing plant at Chiang Mai from which ice creams are daily sent to the
shop. The ice cream, which is made of natural flavor and also fruits should be consumed
within 10 days of manufacture. The problem we faced is from the competitors, lacking
innovation strategies, proper segmentation and targeting.
We want to make a one of brand name as a major ice cream brand in Thailand; Strong brand
equity has become a very important factor that influences consumer's perception of a brand.
Success in brand management arises from understanding and managing brand equity
correctly to produce strong attributes that will influence the brand name. Chiang Mai city is
located in Thailand’s northern most famous province. It will make easily to grow up our
brand.
1 http://www.icecreamfanclub.com/index.php?mo=3&art=41991296
2 http://www.tei.or.th/w_cc/ACCCRN/2012-ACCCRN_CR_eng.pdf
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Our strategy to create a homemade ice cream
1. Product Differentiation
New ice cream flavors with fruit such as coconut, orange, passion fruit and herbs like
a green tea, mulberry tea and etc.
2. Price Differentiation
The material is limited and expensive. It causes the high price of homemade ice-
cream. Homemade ice-cream flavors are shifted to higher than normal too. Now selling
homemade ice-cream with a scoop on average is 35-50 baht in Chiang Mai, Thailand. But our
shop is planning to choose good materials and making low cost also, not expensive price of
product average 15-25 bath.
3. Chanel Differentiation
Homemade taste that makes a lot of people wants eat at nice place. So we are thinking
about the shop design and also, caring about the customers who want to bring it out.
The location that is the target to be a center large enough to give customers the opportunity
and we planning our target is a group of students. Our shop is easy to access with the target.
The marketing strategy is to make a difference. Important component of a homemade
ice-cream is to serve the staff attentive and polite manners of the staff have a good
relationship. They will be influence to consumer to choice ice cream. The atmosphere of the
restaurant can make an impression and experience for the consumer. Therefore, the
decoration must emphasize the exotic and modern and must be unique, consistent with the
behavior of different groups of customers away.
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1.2 Project objectives
1. To study planning of the business and to do the business successful.
2. To study the technical and management business.
3. To study for getting a profit and return on investment of the business.
4. To study the situation of ice cream business in Chiang Mai.
5. To study the method how to make homemade ice Cream.
6. To summary of the feasibility of Ice cream business.
1.3 Benefits of Project
1. To get the knowledge about administration of business.
2. To learn the technical and management the business.
3. Able to apply the business for getting a profit and return on investment.
4. To learn the situation of Ice cream business in Chiang Mai.
5. To know the method how to make homemade ice cream.
6. To know the feasibility of Ice cream business.
1.4 Activities/Time Frame
1. Planning and preparing of Ice cream business.
2. To study the generally of Ice cream business
- Background of Ice cream.
- Product of Ice cream.
3. To study management of Ice cream business.
- Vision and mission of Ice cream business.
- Strategy of Ice cream business.
4. To study competition analysis and marketing feasibility of Ice cream business.
5. To study the technical process of Ice cream business.
- Location
- Operations and management analysis
- Investment and Operation cost
6. To study the financial feasibility Profit and loss statement of Ice cream business.
- Investment cost and expense of Ice cream business.
- Profit and loss statement of Ice cream business.
7. To study analysis risk of Ice cream business.
8. Summary the feasibility of Ice cream business.
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Table1.1: Time frames, since November 2012 - February 2013
Operations methods November December January February
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
1. Planning and preparing of Ice cream
business.
2. To study the generally of Ice cream
business
3. To study management of Ice cream
business.
4. To study competition analysis and
marketing feasibility of Ice cream
business.
5. To study the technical process of Ice
cream business.
6. To study the financial feasibility
Profit and loss statement of Ice cream
business.
7. To study analysis risk of Ice cream
business.
8. Summary the feasibility of Ice cream
business.
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Chapter 2
Industry Profile
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2.1 Nature of Industry
Ice cream is a frozen dessert usually made from dairy products, such as milk and
cream, and often combined with fruits or other ingredients and flavors. Most varieties
contain sugar, although some are made with other sweeteners. In some cases,
artificial flavorings and colourings are used in addition to, or instead of, the natural
ingredients. The mixture of chosen ingredients is stirred slowly while cooling, in order to
incorporate air and to prevent large ice crystals from forming. The result is smoothly textured
semi-solid foam that is malleable and can be scooped.
All kind of liquid are called beverage. Beverage is any kind of liquid. We are always
talking water. Water is beverage item. Water, tea, coffee, milk, actually, beverage means any
kind of Liquid item.
Dessert is the usually sweet course that concludes a meal. The food that composes the
dessert course includes but is not limited to sweet foods. There is a wide variety of desserts in
western cultures now including cakes, cookies, biscuits, gelatins, pastries, ice creams, pies,
pudding, and candies. Fruit is also commonly found in dessert courses because of its natural
sweetness.
Toast is bread that has been browned by exposure to radiant heat. This browning is
the result of a Maillard reaction. Toasting warms the bread and makes it firmer, so it holds
toppings more securely. Toasting is a common method of making stale bread more palatable.
1 http://fandbfood.com/what-is-beverage/
2 http://nutriliciousdesserts.weebly.com/desserts.html
3 http://combosaurus.com/interest/toast
History of Ice Cream
The origins of ice cream can be traced back to at least the 4th century B.C. Early
references include the Roman emperor Nero (A.D. 37-68) who ordered ice to be brought
from the mountains and combined with fruit toppings, and King Tang (A.D. 618-97) of
Shang, China who had a method of creating ice and milk concoctions. Ice cream was likely
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brought from China back to Europe. Over time, recipes for ices, sherbets, and milk ices
evolved and served in the fashionable Italian and French royal courts.
After the dessert was imported to the United States, it was served by several famous
Americans. George Washington and Thomas Jefferson served it to their guests. In 1700,
Governor Bladen of Maryland was recorded as having served it to his guests. In 1774, a
London caterer named Philip Lenzi announced in a New York newspaper that he would be
offering for sale various confections, including ice cream. Dolly Madison served it in 1812.
1 http://inventors.about.com/od/foodrelatedinventions/a/ice_cream.htm
2.1.1 The Company of Ice Cream in Thailand
Nestlé
Nestlé
...the world's leading Nutrition, Health and Wellness Company. Our mission of "Good
Food, Good Life" is to provide consumers with the best tasting, most nutritious choices in a
wide range of food and beverage categories and eating occasions, from morning to night.
The Company was founded in 1866 by Henri Nestlé in Vevey, Switzerland, where our
headquarters are still located today. We employ around 280 000 people and have factories or
operations in almost every country in the world.
The Nestlé Corporate Business Principles are at the basis of our company’s culture,
developed over 140 years, which reflects the ideas of fairness, honesty and long-term
thinking.
1 http://www.nestle.co.th/en/nhw/Pages/nhw2.aspx
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Swensen's
Swensen's
In 1948, Earle Swensen opened his first Ice Cream Shoppe in San Francisco atop
Russian Hill offering his ice cream as "Good as Father Used to Make". Little did he realize
that Swensen's would today, be a name synonymous with extraordinary delicious ice cream
the world had ever known.
Since then, for more then 60 years, more than 180 flavours of ice cream have been
created and enjoyed by both young and old, making Earle Swensen's America's, “Ice Cream
Man". Ice cream lovers certainly agreed because today, there are over 300 Swensen's ice
cream outlets worldwide, including Asia, the Middle East, USA and South America.
Swensen’s was the first national Ice Cream Parlor to serve a premium ice cream that
is all natural. The business was built and continues to be built on three founding principles
that have never changed: Quality, Quantity and Value for Money. From full service, old-
fashioned food stores to modern kiosks, we offer franchisees a range of sweet opportunities.
Two types of Swensen’s offerings have evolved throughout the years, the Swensen’s
restaurant and Swensen’s ice cream parlour.
1 http://www.swensens.com/
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Cremo
Cremo
We produce a wide range of ice-cream products to suit every taste bud. Our product
are made from quality ingredients using the latest modern machinery. We manufacture ice-
cream products under the "CREMO" brand and co-pack fot others.
Our ice-cream business straegy is based on three main points: product, service and
price and this has proved to be the winning strategy for Chomthana Co.,Ltd. to remain as a
leading ice-cream company in Thailand for the past 30 years.
1 http://www.icecremo.com/index.php?option=com_content&view=article&id=9
Wall’s
Wall’s
Wall's is a United Kingdom-originated food brand covering, owned by Unilever.
Wall's itself is now core to Unilever's Heartbrandglobal ice cream business, used currently
in China, Hong
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Kong, India, Indonesia, Italy, Austria, Jordan, Lebanon, Malaysia,[2]
Maldives, Mauritius, Mé
xico, Pakistan,[3]
Portugal, Philippines, Qatar, Saudi Arabia, Spain, Singapore, Sri
Lanka, Thailand, Turkey,United Arab Emirates and Vietnam.
1 http://www.wallssharehappythailand.com/index.php
Dairy Queen
Dairy Queen
American Dairy Queen Corporation is a subsidiary of Berkshire Hathaway,
Inc. DQ®
operators have been providing consumers with crave-satisfying treats and food
since 1940.
1 http://www.dairyqueen.com/us-en/Company/About-Us/
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2.1.2 Ice Cream Homemade shops in Thailand
Baan I-Tim
Restaurant: Baan I-Tim
Location: 32/50 Ngamwongwan Rd.
Tel: 081-765-5706 , 086-192-3584
Website: www.facebook.com/banitim.
Open: 11:30 am to 07:00 pm
1 http://www.banitim.com/webboard/index.php?topic=14.0
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Yingdeaw Homemade
Restaurant: Yingdeaw Homemade; Cake and Icecream
Location: Siam square,soi5 @Somtam Nua, Kaset Nawamin Rd.
Tel: 02-658-0148 / 089-676-7876
Email: [email protected]
Website: https://www.facebook.com/yingdeaw.homemade
Open: Mon.-Fri. 12:00 am -09:30 pm.
Sat.-Sun. 11:00 am-09:30 pm.
1 http://travel.sanook.com/939280/yingdeaw-homemade
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2.1.3 Ice Cream Homemade Shops in Chiang Mai
Iberry
“i” which stands for ice cream and “berry”, of course for berries, is the origin of this
home-grown ice cream shop. The shops are very prolific throughout Thailand, and offer more
than 100 different ice cream flavours made from fresh raw materials and natural fruits,
especially Thai tropical fruits such as madun, gra-ton, gooseberry, tamarind, litchi, durian,
mango, etc. The shops also offer a wide range of home-made cakes, fruit smoothies and
fabulous coffee.
Restaurant: Iberry, Chiang Mai
Location: Nimmana Haeminda Lane 17
Tel: 053 - 895171
Email: [email protected]
Website: http://www.iberryhomemade.com
Open: 10:30 am to 10:00 pm
http://www.bangkokpost.com/food/restaurants/listing/iberry-chiang-mai/12675/
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Sesto' ice cream
Sesto’ is a based on Italian ice-cream (Gelato) with unique procedure and
manufacturing by Sesto’. All of ingredients come from nature around the world for instance,
Fresh milk, Fresh cream, Butter, Nuts or even Fresh fruits. Those ingredients our
manufacture can control the quality of ice-cream as well as we can make it 92-96% of fat free
in milk’s flavour and 100% fat free in all of fruits flavour. Moreover, it is infinity to make
more flavours at the moment. In fact , with 80% of all ingredients we imported that effected
to the prices of our ice-cream slightly higher than others ice-cream on the market. However,
those ingredients that we are imported culminate in much more flavours and nutrition facts
such as Calcium and Mineral in our milk and Vitamins in our fresh fruits.
Furthermore, the important thing is traditional gelato definitely tough and smooth that
is why we imported from reputation brand on the market and they also can processing
multiple flavours than other ice-cream industries thereby 40 flavours of gelato ice-cream have
been launched in this moment.
Restaurant: Sesto' ice cream
Location: F136 89/2 Chang Klan Rd.
Tel: 089-5591221 / 086-7281850
Email: [email protected]
Website: www.sestoicecream.com
http://www.sestoicecream.com/
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The bakery oasis
This nice little restaurant/bakery is just across the Nawarat bridge and down a small
side street. Great range of desserts for those with a sweet tooth and the coffee (latte) was the
best that I've had in Chiang Mai. Slightly dearer than many of the coffee places in town, but
in my opinion, well worth it. Coffee was served in a lovely cup and saucer, in fact, I liked it
so much, I bought one! What I liked most about this place is, the lovely peaceful feel to the
place - nice music, the sound of birds chirping and just a nice ambience about the place.
Restaurant: The Bakery Oasis, Chiang Mai
Location: 49/16 Huay Kaew Rd.
Tel: 084 6147010,053 217940
Email: icecream.chiangmai @ gmail.com
Website: www. Icecream-chiangmai.com
Open: 11:00 am to 09:00 pm
http://www.icecream-chiangmai.com/
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Johoney
Ice Cream for healthy. We have carefully selected quality raw materials made fresh
daily. Homemade ice cream is low fat. The combination of Italian gelato and Thai fruit.
There is also a variety of drinks such as coffee, tea, smoothies can be refreshing or relax in
comfort.
Restaurant: Johoney : Homemade Ice Cream & Coffee
Location: 46/1 Sanpakoi Rd.
Tel: 053-247229, 084-1692031
Email: [email protected]
Website: https://www.facebook.com/johoneyicecream/
Open: 09:00 am to 06:00 pm
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2.1.3 Types of Homemade Ice Cream
Custard Style Homemade Ice Cream
Custard style ice cream is made with a custard base, which contains egg yolks,
cream, milk, sugar, and flavoring ingredients. Custard style ice cream provides for a
smoother texture and richer flavor than ice cream made without eggs but it also contains
more fat. Other ingredients can be added; such as fruits, candys, cookies, nuts, and other
flavorings. Just use your imagination to create your own special treat.
Non-Custard Style Ice Cream
Non-custard style ice cream is made without eggs and does not call for the careful
cooking that the custard style ice cream requires. Even though the non-custard style ice cream
is not as smooth, it can still have a wonderfully rich flavor. It will contain less fat than the
custard style and there are lighter versions that can be made using ingredients, such as half &
half, whole milk, low fat milk, and yogurt, rather than heavy cream.
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Non-Custard Style Ice Cream Without Ice Cream Maker
Making homemade ice cream can be done without the use of an ice cream maker.
Instead, an electric hand mixer can be used to break up the ice crystals during the freezing
process. The mixture can also be hand beaten using a fork or whisk; or a food processor can
be used. Using a custard style ice cream recipe will will provide for a smoother ice cream
when using this method but using a non-custard recipe makes it very easy for anyone to make
a delicious homemade ice cream.
1 http://www.recipetips.com/kitchen-tips/t--1381/types-of-homemade-ice-cream.asp
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2.1.4 Type of Dessert
Bread Toast
Bread toast mean bring bread which apply margarine to grill and apply yam or
topping when grill finish.
Hot Milk
Hot Milk is popular menu in winter season we bring fresh milk to boil and add
sugar for good taste.
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Hot Tea
Hot tea have three type 1. Thai tea 2.Green tea 3. Green tea add milk
Made by boil water and pour to glass add tea powder.
Nham Kheng Sai
Nham Kheng sai mean ice with many topping mix in a bowl.
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2.2 Situation of industry
With the hot weather of the year our country. As a good result of ice cream
homemade. We can see that from a young age. Ice cream does not have much variety and
enjoyed as much as this but the ice cream business has progressed greatly. The novelty is that
we always enjoy this is a favorable factor. The business is growing of the expansion of the
company's ice cream factory, foreign giants. Sales of ice cream franchises leading to different
countries. Including ice cream is homemade with acculturation to the source created their
own brands in Thailand itself with innovative ice cream machine to make a simple and
delicious ice cream. These good results and have a choice of multiple channels.
Ice cream is a multi-level marketing is.
- Ice cream, premium, such as Haagen Dazs , Swensens , Bud's Ice Cream , Cream and
Fudge , Baskin Robbins, Dairy Queen etc. The Bank Thailand Commercial analyzed it in
2550 as market cream application. this premium. Approximately $ 3 billion and a growth rate
of about 10%, which is quite good as the old. However, this market is also sensitive to
economic fluctuations in the market will also have to rely on a group of tourists.
- Ice cream with the ice cream scoop gelato or ice cream at the store, etc. Is the largest
group. Worth about U.S. $ 7 billion, but the growth rate of 3-5%, although growth is not very
high, but it is the most interesting market.
- Ice cream are normal level the consumer can buy , such as IBerry, I-Maru, Melt Me,
Ice Manias , Onemore ,the ice cream cart and coconut ice cream etc. This is an industrial
manufacturer with the most number representing 78% of all ice cream. For market value is
estimated that about 1 billion baht per year. This is a high growth market. But this market is
being infiltrators from the major manufacturers. A strong brand.
However, like all businesses, major hurdles. It is a matter of economy. And the
political impact of this business.
Now, this is very interesting started a coffee business. They have recently started to
make ice cream. Then gradually move up the year, very hot because the costs are low. Market
and most people know that WALL’S. They began to realize that Homemade ice cream is
easily made and got a idea Thailand has many kinds of fruit. It was made into a market one
way to make homemade ice cream is a creative idea. Creation is a brand of its own flavor,
perfect legs more and more. Considered to be a very attractive market and the quality and
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service must have to good in ice cream business because it is the most important factor. Then
the rest will follow is to have the commitment and passion will succeed.
Ice cream homemade competition in Chiang mai
- Ice cream IBerry
- Ice cream Ice VillaA
Because 2 competitor are make ice cream homemade not expensive and they have
good delicious. They have many big shop in Chiang Mai .
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2.3 Product/Service (in General)
Now a day the people can be found ice cream in almost every restaurant, store,
supermarkets and specialty shops but it is ice cream from company such as Wall’s, Nestlé's,
Cremo and Eskimo etc.
The most of people must have free time at noon or after school, after worker and
holiday. They want to living and relax someplace. I-Tim shop want to be one part help to
support them. I-Tim shop the products are Ice Cream Homemade and many topping which
contain high quality ingredient and fresh, clean.
I-Tim shop provides catering that the customer can select many toping for one’s ice cream. I-
Tim shop not hard to found and not too much expensive. Our business have promote on
internet, brochure, etc.
Nowadays service is the contribution to attract the customers. We train the employees
and concern about service mind. Customers can choose many toping by own self. I-Tim shop
is decorated in vintage style and good atmosphere. And we hope the customer nice, happy,
enjoy with many type of ice cream and feel relax when they come to I-Tim shop and satisfy
with our product and service. I-Tim shop opened in everyday at 10:00 am. – 10:00 pm.
There are the product recommend in I-Tim shop
2.3.1 Ice Cream
Coconut Milk Ice Cream Homemade
Coconut milk ice cream is actually made with coconut milk instead of dairy products.
1http://chinesefood.about.com/od/southeastasian/r/coconutice.htm
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Green tea Ice Cream Homemade
Green tea is made from steamed and dried tea leaves that, unlike the leaves for black
tea, have not been fermented. Its delicate flavor translates to a light, refreshing ice cream.
After a day or two, the acids that occur naturally in the tea become more pronounced, so it is
best to eat the ice cream soon after making it. Though convenient, tea bags do not make the
best tea, as the leaves are not able to circulate. For better flavor, seek out high-quality loose
tea sold in tea shops or specialty-food stores. Avoid common commercial brands, which are
made from blends of inferior bits of leaves.
1http://www.williams-sonoma.com/recipe/green-tea-ice-cream.html
Bread toast
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Toast is most commonly eaten with butter or margarine spread over it, and may be
served with preserves, spreads, or other toppings in addition to or instead of butter. Toast
with jam or marmalade is popular. A few other condiments that can be enjoyed with toast are
chocolate jam, banana jam, strawberry jam.
2.3.2 Topping
Butterfly pea rice (ขาวเหนยวอญชน)
Butterfly Pea (in Thai “un-chan”) widely used in South East Asia. The bright blue
flowers are used to dye rice as natural colorant for food and cosmetics. Because apart from
the color, are rich in blue Proanthocyanin, it is also a natural antioxidant.
1http://www.b-herbs.com
Sweet Corn
Sweet corn, also known as sugar corn, is much used like a vegetable. Its sweet, juicy
kernels are rich in health-benefiting antioxidants, minerals, vitamins. Sweet corn is gluten
free cereal and may be used safely much like rice, quinoa etc, in celiac disease individuals.
1http://www.nutrition-and-you.com/sweet-corn.html
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Grass Jelly (chao-guay)
Grass jelly is made by boiling the aged and slightly oxidized stalks and leaves of
Mesona chinensis (member of the mint family) with potassium carbonate for several hours
with a little starch and then cooling the liquid to a jelly-like consistency. This jelly can be cut
into cubes or other forms, and then mixed with syrup to produce a drink or dessert thought to
have cooling (yin) properties, which makes it typically consumed during hot weather. The
jelly itself has a slight bitter taste, a light iodine lavender flavor, and is a translucent black. It
can also be mixed with soy milk to produce a milky white liquid with black strands in it.
1http://kaleidoscope.cultural-china.com/en/8Kaleidoscope5563.html
Black Been
Black beans are a type of small legume with a glossy black shell. They are very high
in fiber, folate, protein, antioxidants, and vitamin B, along with numerous other vitamins and
minerals.
1http://www.wisegeek.com/what-are-black-beans.htm
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Palm seeds
Palm seeds are served in sweet syrup and eaten in desserts. The seeds are 1-2 cm. in
length each.
1 http://www.khiewchanta.com/archives/ingredients/thai-vegetables/palm-seed-hearts-look-
chid.html
Peanuts
Peanuts are in fact legumes. Peanuts actually grow underground, as opposed to nuts
like walnuts, almonds, etc. that grow on trees. Peanuts are rich in energy and contain many
health benefiting nutrients, minerals, antioxidants and vitamins that are essential for optimum
health.
1 http://www.peanut-institute.org/peanut-facts/
2http://www.nutrition-and-you.com/peanuts.html
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Sweet potato
Sweet potato are high in Vitamin C and A, these tasty items are often considered
healthier than their regular potato counterpart.
1 http://www.yummly.com/recipes/sweetened-yams
Salim (Sweet-noodles in coconut milk syrup)
Salim (Sweet Noodles in Coconut Milk or saleem) is a Thai sweet of multi-colored
mung bean noodles or threads, sweetened with sugar syrup, flavored with jasmine, topped
with coconut milk and served over crushed ice. A traditional favorite kanom of Thailand,
salim noodles are always prepared with mung bean flour.
1 http://www.templeofthai.com/cookware/salim-noodle-coconut-milk-6210000451.php
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Bread
Bread is a staple food prepared by cooking dough of flour and water and often
additional ingredients, such as butter or salt to improve the taste.
1 http://en.wikipedia.org/wiki/Bread
Taro
Taro is a root vegetable that is eaten in many different cultures around the world and
has a rich history, with many possible recipes. The leaves of the taro plant are also used as a
vegetable. Taro root is easily digestible and the leaves are a good source of vitamins A and C.
1 http://www.fitday.com/fitness-articles/nutrition/healthy-eating/the-nutrition-of-taro.html#b
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Condensed milk
Condensed milk is a highly shelf-stable milk product made by evaporating much of
the water from milk to create a thick, syrupy liquid, and adding sugar to it before canning the
milk in a sterilized can.
1 http://www.wisegeek.com/what-is-condensed-milk.htm
Strawberry jam
Strawberry jam is one of the ultimate culinary nectars, the result of boiling down
fresh seasonal fruit into bold, jewel-toned lava just bursting with concentrated berry flavor.
Strawberries health benefits are also thought to include antioxidant properties.
Research is ongoing, but it appears that the ingestion of this super fruit, increases the level of
uric acid in the body and this alone has antioxidant properties. This is one of the many, by
product, health benefits of this fruit.
1 http://molometer.hubpages.com/hub/Strawberries-health-benefits
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BlueberryJam
Blueberry is a good source of vitamin B6, vitamin C, vitamin K, manganese, dietary
fiber and soluble and insoluble fiber like pectin. It contains anthocyanin, phenolic,
antioxidant pigments, phytochemical and ellagic acid, that prevents cell damage,
inflammation and cancers.
1 http://www.buzzle.com/articles/health-benefits-of-blueberries.html
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2.4 Vision of your Organization
I-Tim shop will be well known in Chiang Mai at the northern part of Thailand. In
Malin plaza at Chiang Mai University. We will be one of best brand ice cream homemade,
the most of consumer that reliable in our company. We will build standard network. Not only
have our company gets benefited from the social but also our company responsibility to
social this important that we have to do beyond our-self.
2.5 Mission
Make all customers enjoy, relax and satisfy by giving the best service. All ice cream
products are high quality and use ingredients from Thai agricultural product. We are
dedicated to the highest standards of quality, taste, packaging and new product. Respond to
ice-cream’s lovers, and also students who live in Chiang Mai University and other people. I-
Tim shop will work with carefully by always drive out fresh products and seek for
successfully in every time. Customer’s need is the first thing we take care of, follow by staffs.
I-Tim shop is interesting with a variety of ice-cream flavors. Staff is the beginning of the way
to success.
2.6 Strategy
2.6.1 Corporate Level
I-Tim shop operate business by use prosper strategy in order that our business have
organization structure not complicate we divide the responsible follow department. Moreover
we snatch market share from the competitors more and more and increase circulation from
old customers such as student or the people by improve a taste and new product for
customers want. Beside we make friends with other business for opportunity of commercial.
2.6.2 Business Level
I-Tim shop chooses focus strategy because our product provide appropriate to people
who love their ice cream.
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2.6.3 Functional Level
Administration
For I-Tim shop, customer is the first one we care of. Thus, the shop should be
following the best quality of administration process, including the shop decoration and
service.
Business Strategies
-Good shop decoration
-Always offer new promotion for customers-
- Build good relationship with customer
Marketing
Now our shop is set at Malin plaza , so the target market of the shop is student and
other people who live around Chiang Mai University area. However, to expand our business
to be well known from many people, we have planned to promote and expand more branches
in the future.
Marketing Strategies
-Making any special Advertising and offer to customers, such as a discount
promotion.
-Good service
-Expand more branches, over Bangkok area.
Production
We also use all of Thai ingredient for our product. A shop has fashionable ice-cream,
such as Thai fruit is topping on ice-cream.
Production Strategies
- Production must be support customer’s demand in a hundred percents.
- Cleanness Production
- Good quality of ingredients
- Stable taste of product
Human Resources
We pay attention of staff’s performance. They need to develop themselves in every
time, have a clear direction of work and can earn profit to the business. More over the
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relationship between staffs is very important because it can drive the business to be
successful in quickly.
Human Resource Strategies
-Training and repeating all staffs to be always ready to work.
-Motivating all staffs, by offer them extra cash.
Financial
We should have a good capital which high percentage of securely. It might be come
from entrepreneur or take on loan.
Financial Strategies
-Find the low interest of loan.
-Making a shop account.
-Be economical [water and electricity.
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Chapter 3
Market Feasibility Study
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3.1 Market Analysis
Ice Cream Market Analysis
Ice cream is a subcategory of the frozen dessert which has projected sales in 2010 of
approx. $24 billion. Additionally, ice cream itself now captures 59.7% of this market, with
total sales of $12.9 billion. There is currently a 3.7% growth rate based on current sales
figures. This growth in sales is not due to a market which is consuming more ice cream, but
rather is spending more on the ice cream that it consumes, that is the ice cream products
being consumed are increasing in price. The increase in price is due to the general increase in
dairy prices combined with increased cost of technology associated with ice cream
production.
The product innovation in all frozen desserts, including ice cream is increasing;
however, the average lifecycle of ice cream is decreasing. The average lifetime of ice cream
varieties is 1 to 2 years. At the same time, there is continued growth in low-fat variations of
‘full-fat’ ice cream products and there is a demand for these products to taste like their full-fat
equivalents. The ‘better-for-you’ frozen dessert products, traditionally marketed at adults,
have unexpected cross-appeal in children. The demand for these healthful alternatives is
growing. Nonetheless, ice cream is still considered an indulgence and thus there will always
be a market for full-fat (super premium) ice cream products.
Food service accounts for 63.5% of ice cream sales, while retail totals 43.7% of sales. In both
markets, brand loyalty in ice cream is very transient and can be swayed by new flavors and
varieties. As such, there is opportunity to build brand loyalty with new flavors, varieties,
packaging, and value-adding technologies. Current trends suggest that quality generally
outweighs price consideration in retail food purchases.
According to the survey of the area in Malin Plaza in front Chiang Mai University(CMU) we
can divide the marketing to main part of segment as the following
- Food - Beverage
- Bakery shop - Dessert
- Coffee shop
Ice cream homemade name I-Tim shop focused to the Ice cream market share
which the competitive analysis in the Malin plaza which are Ice VillaA, Snowy ice
cream highly competitive in beverage. So I Tim shop has seen the gap for make market in
plaza because in the Malin plaza has not ice cream shop have dessert in area. This is
opportunity for opening ice cream homemade marketing.
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3.1.1 General Environment Analysis
Why does a consumer buy an ice cream?
In the first place we have to see in general why people buy ice creams, and what value
it has to them this type of product and then we have to analyze the different types of markets
because the reasons will change accordingly with the type of (children or adults, for example)
and product (premium or not, for example). So basically the answer to this question is that the
reason why consumers buy an ice cream depend of some variable factors that I will try to
explain here.
Consumers just buy a product because of the value it has to them, because it satisfy a
need they had and possibly they didn´t know. In the case of Ice creams, in general people buy
the normal type of ice cream because of the flavor, the ice cream is competing with other
kind of candies, it´s a treat and it´s associate with having fun outdoors in the summer. But
this is a limited vision of the reality because the ice cream market is far more complex than
this and with the introduction of premium ice creams such as Haagen-Dazs, the rules changed
completely. With the creation of a new market segment the reasons why average costumers
bought the product changed because before the target were children that bought the ice cream
has a candy and know are the adults that look to an ice cream as a sophisticated pleasure, an
indulgency. So the more premium the ice cream is costumers will buy the product more for
the experience itself and the less premium the product is costumers will buy the ice cream
only for the taste and having in mind the price.
- Political factors
The problem of government in Thailand have not effect to power of buyer because Ice
cream shop have normal cost not expensive and customer can buy each taste in each season.
Ice cream shop brings material from product of fruit in Chiang Mai to produce good quality
product for sell with normal cost.
- Economic factors
The economic factor will not have an effect on the I Tim because the located in
MalinPlaza area although the economic factor didn’t have an effect to the rate of ice cream
consumption is also growing to opportunity give market share.
- Social and Environment factors
Now customer interest to take care about healthy and body shape, so the company
think this is opportunity to produce new products for health to present customer who want to
buy the ice cream healthy such as low fat ice cream, fruit ice cream, vegetable ice cream,
high calcium ice cream for have a choice to customer choose to buy it and easy to decision
because ice cream shop have a difference taste for life style of customer.
- Technological factors
The process of production for homemade ice cream has been improved some technology to
help produce ice cream so the product of ice cream has taste and texture differences other ice
cream to make customer interested.
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3.1.2 Competition Analysis (3C Analysis)
1. Competitor’s analysis
We have position in Malin plaza which is first mover advantage because no exist of
supply that provides ice cream to the demand on this market. So, we can analyze the main
competitor in Malin plaza have two shop which is 1) Ice VillA 2) Snowy ice cream and this
competition in area around Chaing Mai : Home Fresh Ice Cream, IBerry, The Oasis bakery,
Seasons Ice cream Chiang Mai, Ice & Friends, Mrs.Icy Chiangmai, Ice cream Pha Thun,
7eleven.
This is Ice VillaA shop
This is Snowy ice cream shop
2. Competitive analysis
Ice cream homemade market is a market that is constantly expanding. There
are more current operators of Ice cream homemade business because of operate and
production easily. The observation that famous brand open more branches and begin
to development in production, marketing and expanding distribution channels. Major
reputation business has more capital is more aggressive in market and create
distribution channels and distribution to cover thoroughly. At present, ice cream
market in Thailand is quite capable of continuous growth. Benefits of ice cream
homemade market in Thailand can be doing throughout the year because the weather
is quite hot and weather is not different.
Our company is homemade ice cream own position is in the premium ice
cream market. While the other competitor in Malin Plaza area is ignore to compete in
the ice cream market.
3. Customer analysis
Business emphasizes in customers is student and other people with an average
age ranging from 15-40 years with high purchasing power parity. This is easy to bring
the product to the consumers. From a target group, CMU students want to consume
homemade ice cream because of I Tim shop has many menu for choose another ice
cream such as bread toast for supply ice cream shop to meet existing demand.
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3.2 STP Analysis
3.2.1 Segment
I-Tim shop has segment the market in Malin plaza area the following segment into
these separate parts : - Food - Beverage - Bakery shop - Dessert - Coffee shop
We can separate segment of customer by age, occupation, life style then we can get
customer in Malin plaza for come to buy because when people walk in market plaza it very
hot their want to have cool beverage and want to sit for relax same students they likes to
meeting group after finish school we will choose Malin plaza for open the shop.
3.2.2 Targeting
I Tim targeting on the ice cream market which there are no competitor in this market
share so there is an opportunity to built some profit from the gap in the market by choose
target in group of Chiang Mai University and Chiang Mai University demonstration school
students and everyone around plaza who likes to eat ice cream and dessert .
3.2.3 Positioning
I-Tim shop has design shop is colorful style for interested customer and make interest
logo for customer can remember brand. I Tim is normal cost shop for customer feel not
expensive and come back to buy again but I Tim has premium product and service for make
new customer and give customer loyalty.
3.3 Marketing Mix Strategy
3.3.1 Product
I-Tim shop is ice cream homemade for the difference texture another brand. It’s
mixture between milk with beverage Thailand, fruits, vegetable. And the result is the
delicious and new taste that is point of sell ice cream and dessert is bread toast, Nham Kheng
Sai in winter season we have hot milk, hot tea for customer . I Tim have variety of taste for
support which taste customer want to buy.
3.3.2 Price
The majority of the business’ sales will come from ice cream and ice cream
homemade we use price strategy 39 Baht per scoop with two topping. We choose sell 39 Bath
per scoop because the price is normal price in ice cream homemade group and make
customer impression in cost and quality and dessert we sell not expensive for customer who
have less money buy they want to try it.
Ice cream homemade 39 bath/scoop
Bread toast 15 bath/piece
Nham Kheng Sai 20 bath/cup
Hot milk, tea 20 bath/glass
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3.3.3 Place
We choose Malin plaza in campus because the place with students and people come to
meeting and buying food and beverage. My shop in Malin plaza have possibility to get profits
by make interest point of shop such as have place for customer sit and relax by provide table ,
chair, flower, open music.
3.3.4 Promotion
I-Tim shop has variety promotion provide to the customers are
- Buy 1 scoop free 2 topping on ice cream.
- Make the card to customers for collect the stamp when they buy product
50 baths up,
So when they have 10 stamps can get free 1 menu in shop.
- Promotion in the winter season buy 3 scoops and get free 1 scoop.
- Customer can match one ice cream and choose one menu in 59 bath.
3.4 Sales Forecast/Profit Estimation
According the sale forecast which we are focusing with detailed unit sales forecasts.
This is about determining a products market share in a particular industry and considering
what will happen to that market share in the future. The statistic of population in Chiang Mai
University have student 38,648 people (Data on 25 June2012) Chiang Mai University
Demonstration school there are 1,384 people People live in around Chiang Mai university
around 32,325 prople. I-Tim shop will place at Chiang Mai University in Malin plaza. First
the estimate numbers of customer focus mainly on students from Chiang Mai University and
other people around the area. Which the number is 10,000 populations. So, we break down
into 10000 x 30% which equal 3,000 population.
Time period are: 5 years
Average selling price are: 35 baht/scoop
Next we estimate the company demand
Which company demand = market demand x company market share
Expected that student will consume our product at 1 Kg. / person /year
So, market demand = 3,000 x1 (Kg. /person) = 3,000 Kg.
Market share of ice-cream are 20%
So, the business demands of selling are = 3,000 x 15 (1 Kg. will equal 15 scoops of ice
cream)
= 45,000 scoops / years 45,000 /12 = 3,750 scoops per month 3,750/30 = 125 scoops per
day
Which I-Tim shop has 2 flavors which can break down into an approximate 125/2
= 62.5 Scoops per flavor per day. 1
http://www.cmu.ac.th/info_service.php?menu=20 2
http://www.satitcmu.ac.th/index.php/satitcmu-intro-school.html 3
http://stat.dopa.go.th/xstat/p5357_01.html 4
http://www.manager.co.th/campus/viewnews.aspx?NewsID=9550000118807
3.4.1 Time Series Analysis
Breakdown into 4 parts
The trend: According to the study of Kasikorn research center state that the Ice cream
market will growth rapidly of 5% every year according to the consumer behavior.
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The seasonal: I-Tim shop are located in Malin Plaza front of Chiang Mai University
which are in CMU campus area which it can divided into three seasonal as the following in
1’st semester 2’nd semester and 3’rd which is summer and the sale forecasting in the summer
season will approximate to decrease of 50% of sale volume because there are less students to
come and study at Chiang Mai university.
Erratic event: The business sale forecast will estimate the total sale in the summer
lower than the open semester for 50% because the students in CMU of them will not take the
summer course
Response: To increase the sale volume I-Tim shop will mainly response to this
situation by giving promotion to motivate the market.
1http://www.kasikornresearch.com/TH/Pages/Default.aspx
3.5 Five force model
Exist competitor
The overview of the ice cream market will find that there are many
competitors. Have the small and large business. But Ice cream homemade shop in
Malin plaza area have less any ice cream shop opens. So, there is no direct competitor
to compete with I-Tim shop. Coupled with the ice cream market rates grasp how early
in the 50-80% level as well as market growth continued and potential future growth
rates due to more consumption of ice cream in Thailand. Current is low compared to
other countries.
New entry barrier
The way to access to ice cream markets is easy. Especially in the group of
Homemade Ice cream as an easy technologies production, but the business is similar
to other food. Flavor and feature is the highlight of the business and the methods to
produce the best ice cream flavor that require different techniques that have resulted
from a long trial. The business is focused on building relationships with customers.
We have to focus on marketing promotions that have access needs of students. The
strategies cannot imitate or emulate difficult to attract the customers such as a
promotion of customers to purchase at the shops.
Substitute product
The homemade Ice cream is a product that is interesting and easy to substitute
products of customers. Depending on a product look kind and good quality. If we
compare the prices of existing competitors, we are also with cheaper quality
compared. The most competitive products are franchiser. That is available generally.
When view from the weather of the Chiang Mai University and around area. Ice
cream homemade shop seems to be the most popular than other dessert.
Power of buyer
I-Tim shop business is a new and not well to know and accepted in the
market. The business is required in Malin plaza front of Chiang Mai University and
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store sales and service to consume the customers. Since the I-Tim shop area is set to
see good image. When we have a good image of the shop has been more popular and
building the business power of buyer increase. However the quality of ice cream is the
most important factors to business in the long term tend to increase the purchases of
consumers.
Power of supplier
The raw material of the product for production is easy to find such as fresh
milk, cream, eggs, fresh fruits, green tea and coconut milk. The Ice cream product that
is easy in manufacturing. That Ice cream business is an industry of market has high
gravity. Both the production cost per unit low and making a gross profit margin high
into the market is doing easy because no barriers to entry. Especially in the Ice Cream
homemade business small and supplier bargaining power is lower. Because materials
used in manufacturing purchased at general and sellers in the market more. However,
the qualities of ice cream flavors are the most important factors to business in the long
term.
3.6 Conclusion
I-Tim shop business is new entrepreneur. So, we try to plan the market to achieve the
goal. We think will be successful within 5 years because we produce the product to satisfy
the customer and have a good service and good products.
According to the sale forecasting it can conclude that the average income will be
approximate 131,250 baht per month. Decrease in sales this summer season of the university
that close for summer. Decrease the sale are 50% lower than normal.
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Chapter 4
Cost of Investment
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4.1 Cost of Investment
4.1.1 Rent
Rental Rate
According to the plan I Tim and desert sweety shop will be placed at
Townhouse front of Malin Plaza at Chiang Mai rental fee 500 baht /sq.m. Consists of 12
Sq.m. So the total rent for one month are 500 x 12 = 6,000 baht per month, Thus for the
whole year of rental cost are 6,000 x 12 = 72,000 Bath.
Total Pre-Operation cost
Total Price
Forward Rental 72,000
Permission to Product
food
500
Social Tax 385
Total 72,885
4.1.2 Investment cost
Equipment 287,206
Decoration 100,000
Total 387,206
4.1.3 Machine Tools and Equipments
Equipments:
Ice cream maker
JCS : JC-14BIF
Price : 170,000 bath
- Can produce ice cream 14 kg in 15-
10 minute
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Ice cream freezer
ROMAN SLIM
Price: 94,448 bath
Capacity 345 Liter
9-11 model shown
Temperature ( -18 c) – ( - 25 c)
Ice cream tray
Tray
Price : 380 bath
Ice cream scoop
Scoop
Price : 220 bath
Nesco
Nesco NC-4934
Price : 850 bath
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Measuring scales set
Measuring scales set
Price : 342 bath
- Weighing apparatus
- Measuring spoon
- Cup.
Bottle Vase
Vase
Price : 120 bath
Ice cream cups
Cups
Price : 3 bath/cup
- Size high 5 cm , diameter 7 cm
Ice cream spoons
Ice cream spoon
Price : 18 bath/100 piece
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Tsunami bowl
Dessert bowl 6.5’
Price : 23 bath/ 1 cup
Melamine spoon
Melamine spoon
Price : 7.50 bath/1 spoon
Paper tray
Paper tray
Price : 90 bath/100 piece
Fork
Fork
Price : 100 bath/ 10 fork
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Cup
Cup
Price : 39 bath/cup
Glass
Glass
Price : 35 bath/glass
Tray
Tray
Price : 80 bath
Calculator
CASIO HR- 150TM
Price : 1590 bath
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Pens
Pen
Price : 5 bath/piece
Paper note
Note , paper for stamp
Price : 50 bath/100 paper
Stamp sticker
Stamp
Price : 70 bath
Name and price tag
Tag
Price : 19 bath/10 paper
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Board menu
Wood board
Price : 650 bath
Napkins uniform
Napkins
Price : 180 bath
Tissue papers
Tissue papers
Price : 60 bath/6 pack
DVD player
Family D-447 pink DVD player
Price : 890 bath
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Magazine /Book
Seventeen 80 bath
Ray 90 bath
In magazine 50 bath
Lisa 45 bath
Washing
Dishwashing liquid+ sponge
Price : 50 bath
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4.2 Depreciation
Year 1 January February March April May June July August September October November December Total
Ice cream maker 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 33,996
Ice cream freezer 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 18,888
Ice cream tray 63 63 63 63 63 63 63 63 63 63 63 63 756
Other 92 92 92 92 92 92 92 92 92 92 92 92 1,104
Total 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 54,744
Year 2 January February March April May June July August September October November December Total
Ice cream maker 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 33,996
Ice cream freezer 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 18,888
Ice cream tray 63 63 63 63 63 63 63 63 63 63 63 63 756
Other 92 92 92 92 92 92 92 92 92 92 92 92 1,104
Total 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 54,744
Year 3 January February March April May June July August September October November December Total
Ice cream maker 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 33,996
Ice cream freezer 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 18,888
Ice cream tray 63 63 63 63 63 63 63 63 63 63 63 63 756
Other 92 92 92 92 92 92 92 92 92 92 92 92 1,104
Total 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 54,744
Year 4 January February March April May June July August September October November December Total
Ice cream maker 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 33,996
Ice cream freezer 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 18,888
Ice cream tray 63 63 63 63 63 63 63 63 63 63 63 63 756
Other 92 92 92 92 92 92 92 92 92 92 92 92 1,104
Total 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 54,744
Year 5 January February March April May June July August September October November December Total
Ice cream maker 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 2,833 33,996
Ice cream freezer 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 1,574 18,888
Ice cream tray 63 63 63 63 63 63 63 63 63 63 63 63 756
Other 92 92 92 92 92 92 92 92 92 92 92 92 1,104
Total 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 54,744
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Chapter 5 Production and Operations Analysis
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5.1 Product Characteristics
Ice cream homemade product of I Tim shop focus on raw material in Chiang Mai and
selling ice cream and topping generally can be dividend in to two flavors and thirteen
toppings and all of Ice cream and topping product use a high a quality ingredient because can
easy to find and decrease cost of produce for make profit revenue. I Tim shop selling another
ice cream for make variety menu in every season in winter season we have Hot milk , Hot tea
for customer and add bread toast , dessert , ice cream on beverage < customer can choose one
ice cream on top of beverage or bread toast>. Shop selling in shop and can buy back to home
we make standard good service and good facility for customer satisfaction.
Ice cream and dessert
1. Coconut milk.
2. Matcha green tea ice cream.
3. Thai tea ice cream.
4. Pinky milk ice cream.
5. Cantaloupe ice cream.
6. Yogurt low fat ice cream.
7. Lynches ice cream.
8. Banana ice cream.
9. Strawberry low fat ice cream.
10. Milky creamy ice cream.
11. Hot Milk.
12. Hot Tea.
13. Bread toast.
14. Dessert ( Nham kheng sai )
Topping on ice cream and dessert
1. Butterfly pea rice
2. Sweet Corn
3. Grass Jelly (chao-guay)
4. Black Been
5. Palm seeds
6. Peanuts
7. Sweet potato
8. Salim (Sweet-noodles in coconut milk syrup)
9. Bread
10. Taro
11. Condensed milk
12. Strawberry jam
13. Blueberry Jam
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Production process
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The basic steps in the manufacturing of ice cream homemade are generally as follows:
Blending
First the ingredients are selected based on the desired formulation and the calculation
of the recipe from the formulation and the ingredients chosen, then the ingredients are
weighed and blended together to produce what is known as the "ice cream mix". Blending
requires rapid agitation to incorporate powders, and often high speed blenders are used.
Figure 4.2 Simple hopper devices for incorporating dry ingredients
Figure 4.3: High shear blender for incorporating dry ingredients
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Pasteurization
The mix is then pasteurized. Pasteurization is the biological control point in the
system, designed for the destruction of pathogenic bacteria. In addition to this very important
function, pasteurization also reduces the number of spoilage organisms such as
psychrotrophs, and helps to hydrate some of the components (proteins, stabilizers).
Pasteurization (Ontario regulations): 69° C/30 min. 80° C/25s
Both batch pasteurizers and continuous (HTST) methods are used. Batch pasteurizers
lead to more whey protein denaturation , which some people feel gives a better body to the
ice cream. In a batch pasteurization system, blending of the proper ingredient amounts is
done in large jacketed vats equipped with some means of heating, usually steam or hot water.
The product is then heated in the vat to at least 69 C(155 F) and held for 30 minutes to satisfy
legal requirements for pasteurization, necessary for the destruction of pathogenic bacteria.
Various time temperature combinations can be used. The heat treatment must be severe
enough to ensure
Destruction of pathogens and to reduce the bacterial count to a maximum of 100,000
per gram. Following pasteurization, the mix is homogenized by means of high pressures and
then is passed across some type of heat exchanger (plate or double or triple tube) for the
purpose of cooling the mix to refrigerated temperatures (4 C). Batch tanks are usually
operated in tandem so that one is holding while the other is being prepared. Automatic timers
and valves ensure the proper holding time has been met. Continuous pasteurization is usually
performed in a high temperature short time (HTST)heat exchanger following blending of
ingredients in a large, insulated feed tank. Some preheating, to 30 to 40 C, is necessary for
solubilization of the components. The HTST system is equipped with a heating section, a
cooling section, and a regeneration section. Cooling sections of ice cream mix HTST presses
are usually larger than milk HTST presses. Due to the preheating of the mix, regeneration is
lost and mix entering the cooling section is still quite warm.
Homogenization
The mix is also homogenized which forms the fat emulsion by breaking down or
reducing the size of the fat globules found in milk or cream to less than 1 µ m. Two stage
homogenization is usually preferred for ice cream mix. Clumping or clustering of the fat is
reduced thereby producing a thinner, more rapidly whipped mix. Melt-down is also
improved. Homogenization provides the following functions in ice cream manufacture:
- Reduces size of fat globules
- Increases surface area
- Forms membrane
- Makes possible the use of butter, frozen cream, etc.
By helping to form the fat structure, it also has the following indirect effects: ----
makes a smoother ice cream- gives a greater apparent richness and palatability- better air
stability- increases resistance to melting
Homogenization of the mix should take place at the pasteurizing temperature. The
high temperature produces more efficient breaking up of the fat globules at any given
pressure and also reduces fat clumping and the tendency to thick, heavy bodied mixes. No
one pressure can be recommended that will give satisfactory results under all conditions. The
higher the fat and total solids in the mix, the lower the pressure should be. If a two stage
homogenizer is used, a pressure of 2000 - 2500 psi on the first stage and 500 - 1000 psi on
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the second stage should be satisfactory under most conditions. Two stage
homogenization is usually preferred for ice cream mix. Clumping or clustering of the fat is
reduced thereby producing a thinner, more rapidly whipped mix. Melt-down is also
improved.
Ageing
The mix is then aged for at least four hours and usually overnight. This allows time
for the fat to cool down and crystallize, and for the proteins and polysaccharides to fully
hydrate. Aging provides the following functions:
- Improves whipping qualities of mix and body and texture of ice cream.
- providing time for fat crystallization, so the fat can partially coalesce;
- Allowing time for full protein and stabilizer hydration and a resulting slight
viscosity increase;
- Allowing time for membrane rearrangement and protein/emulsifier interaction, as
emulsifiers displace proteins from the fat globule surface, which allows for a reduction in
stabilization of the fat globules and enhanced partial coalescence.
Aging is performed in insulated or refrigerated storage tanks, silos, etc. Mix
temperature should be maintained as low as possible without freezing, at or below 5 C. An
aging time of overnight is likely to give best results under average plant conditions. A
"green" or unaged mix is usually quickly detected at the freezer.
Freezing and Hardening
Following mix processing, the mix is drawn into a flavor tank where any liquid
flavors, fruit purees, or colors are added. The mix then enters the Dynamic freezing process
which both freezes a portion of the water and whips air into the frozen mix. The "barrel"
freezer is a scraped-surface, tubular heat exchanger, which is jacketed with a boiling
refrigerant such as ammonia or Freon. Mix is pumped through this freezer and is drawn off
the other end in a matter of 30 seconds, (or 10 to 15 minutes in the case of batch freezers)
with about 50% of its water frozen. There are rotating blades inside the barrel that keep the
ice scraped off the surface of the freezer and also dashers inside the machine which help to
whip the mix and incorporate air.
The Continuous Ice Cream Freezer
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Ice cream contains a considerable quantity of air, up to half of its volume.
This gives the product its characteristic lightness. Without air, ice cream would be similar to
a frozen ice cube. The air content is termed its overrun, which can be calculated
mathematically.
As the ice cream is drawn with about half of its water frozen, particulate matter such
as fruits, nuts, candy, cookies, or whatever you like, is added to the semi-frozen slurry which
has a consistency similar to soft-serve ice cream. In fact, almost the only thing which
differentiates hard frozen ice cream from soft-serve, is the fact that soft serve is drawn into
cones at this point in the process rather than into packages for sub sequent hardening.
Adding fruit and sweetened chunks
If chunks of food such as strawberry or cookie pieces are to be added to the ice cream,
the frozen mixture is pumped to a fruit feeder. The chunks are loaded into a hopper at the top
of the feeder. Another, smaller hopper, fitted with a star wheel, is located on the front of the
feeder. An auger on the bottom of the machine turns the hoppers so that the chunks drop onto
the star wheel in pre-measured amounts. As the mixture passes through the feeder, the star
wheel pushes the food chunks into the ice cream. The mixture then moves to a blender where
the chunks are evenly distributed.
Hardening
After the particulates have been added, the ice cream is packaged and is placed into
ablest freezer at -30° to -40° C where most of the remainder of the water is frozen. Below
about -25° C, ice cream is stable for indefinite periods without danger of ice crystal growth;
however, above this temperature, ice crystal growth is possible and the rate of crystal growth
is dependent upon the temperature of storage. This limits the shelf life of the ice cream.
A primer on the theoretical aspects of freezing will help you to fully understand the
freezing and recry sterilization process.
Hardening involves static (still, quiescent) freezing of the packaged products in blast
freezers. Freezing rate must still be rapid, so freezing techniques involve low temperature (-
40oC) with either enhanced convection (freezing tunnels with forced air fans) or enhanced
conduction (plate freezers).
Figure 4.5: Spiral, wind tunnel freezer
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The rate of heat transfer in a freezing process is affected by the temperature
difference, the surface area exposed and the heat transfer coefficient (Q=U A dT). Thus, the
factor safecting hardening are those affecting this rate of heat transfer:
- Temperature of blast freezer - the colder the temperature, the faster the hardening,
the smoother the product.
- Rapid circulation of air - increases convective heat transfer.
- Temperature of ice cream when placed in the hardening freezer - the colder the ice
cream at draw, the faster the hardening; - must get through packaging operations fast.
- Size of container - exposure of maximum surface area to cold air, especially
important to consider shrink wrapped bundles - they become a much larger mass to freeze.
Bundling should be done after hardening.
- Composition of ice cream - related to freezing point depression and the temperature
required to ensure a significantly high ice phase volume.
- Method of stacking containers or bundles to allow air circulation. Circulation should
not be impeded there should be no 'dead air' spaces (e.g., round vs. square packages).
- Care of evaporator - freedom from frost - acts as insulator.
- Package type, should not impede heat transfer - e.g., Styrofoam liner or corrugated
cardboard may protect against heat shock after hardening, but reduces heat transfer during
freezing so not feasible. Ice cream from the dynamic freezing process (continuous freezer)
can also be transformed into an array of novelty/impulse products through a variety of filling
and forming machines, which have been identified on a separate page. 1 http://www.uoguelph.ca/foodscience/dairy-science-and-technology/dairy-products/ice-
cream/ice-cream-manufacture
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5.2 Lifetime
The best method to storage ice cream is control temperature. This is the theoretical of
the freezing process
- Store ice cream on the shelves of the freezer, not in the door. Ice cream is best
stored at -11°F (-24°C).
- Ice cream is easiest to scoop between -0.4 and -4°F (-18 and -20°C), so transfer
the container from the freezer to the fridge 10 to 20 minutes before scooping.
- Once you’ve opened the container, press a piece of plastic wrap or waxed paper
directly on the surface of the ice cream before replacing the lid. Put it back in the
freezer immediately after scooping.
- For the best texture, store-bought ice cream that is stored in a home freezer should
be eaten within a month of produce. Homemade ice cream is best eaten within a
day or two.
- Dip the scoop in room temperature or warm water between every scoop; shake off
the excess water before dipping the scoop in the ice cream.
- Look for some of the fancy ice cream scoops with scrapers, buttons and plungers
to make scooping even easier.
- Avoid thawing and refreezing large ice crystals will form and the smooth, creamy
texture will be destroyed.
http://www.dairygoodness.ca/ice-cream/how-to-store-ice-cream
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5.3 Ice cream recipe/ Beverage recipe/ Dessert recipe
Ice cream recipe
Coconut Milk Ice cream
Egg yolk 3 egg
Milk 250 ml
Whip cream 250 ml
Sugar 100 g
Salt 1 tea spoon
Direction
- Mix salt, egg yolk, sugar in the bowl
- Pour hot milk to the bowl mix ingredient stir gradually .
- Bring to the ice cream machines with whip cream around 20 minute.
- And refrigerate.
Green tea ice cream
Fresh milk 1 cup
Heavy cream 2 cup
Sugar ¾ cup
Green tea powder 2 table spoon
Vanilla flavor 1 tea spoon
Salt ¼ tea spoon
Egg yolk 3
Direction
- Bring heavy cream, sugar, salt, milk into pot.
- Put green tea powder and stir until boil.
- Pour egg yolk and vanilla flavor into pot mix ingredient by stir.
- Bring it to ice cream machine for blended.
Thai tea ice cream
Fresh milk 1 cup
Thai tea powder 3 table spoon
Sugar 2/3 cup
Egg 2 egg
Vanilla 2 tea spoon
Half and half milk<heavy cream> 2 cup
Direction
- Boiled milk until warm add sugar and Thai tea powder and put down.
- Pour warm milk mix to egg.
- Mix vanilla and heavy cream put it in refrigerator until cold.
- Then bring everything into ice cream machine and blended.
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Red milk ice cram
Egg yolk 2 egg
Sugar 2 table spoon
Salt ¼ tea spoon
Fresh milk 200 ml
Whip cream 350 ml
Red syrup 50 ml
Vanilla 1 tea spoon
Direction
- Mix egg yolk, sugar, salt in the bowl stir until fluffy.
- Boiled milk, whip cream, vanilla warm temperature .
- Pour egg fluffy into pot stir ingredients until 75 c .
- Bring to ice cream machine and blended
Cantaloupe ice cream
Cantaloupe 700 g
Egg 6 egg
Hot milk 3 cup
Sugar 1 cup
Lemon 2 lemon
Direction
- Blended cantaloupe until smooth texture.
- Mix egg and sugar in bowl.
- Boil egg, sugar warm temperature and pour hot milk stir until cream
texture.
- Add cantaloupe into blow and pour cream of hot milk, egg.
- Add lemon and mix .
- Bring to ice cream machine and blended.
Yogurt ice cram
Yogurt 2 cup
Whip cream ½ cup
Dextrose sugar 50 g
Vanilla 1 tea spoon
Direction
- Mix sugar and whip cream to bowl and stir until smooth.
- Pour yogurt and stir well.
- Add vanilla flavor and stir well.
- Bring to ice cream machine and refrigerate them.
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Lynches ice cream
Heavy cream 400 ml
Egg yolk 6 egg
Sugar 90 g
Lynches 2 cup
Lynches blend 1 cup
Soluble fiber 1 tea spoon
Ice
Salt
Direction
- Boil heavy cream in warm.
- Mix sugar and egg yolk until well in bowl.
- Pour heavy cream to bowl stir regularly.
- Pour ingredient in bowl to a pot boil it warm.
- Add lynches blend , soluble fiber and pour to ice cream machine.
- After blended add lynches and mix them to smooth.
Banana ice cream
Milk 500 ml
Cream 500 ml
Egg 1 egg
Banana 2 banana
Sugar ½ cup for milk
Sugar ¼ cup for banana
Lemon juice 2 tea spoon
Salt
Direction
- Cut banana little piece and mix sugar, lemon juice bring to refrigerate 1
hour.
- Mix milk, sugar, salt stir well.
- Bring banana from refrigerate mix and blend.
- Add egg , cream in banana blend.
- Pour ingredients to ice cream machine .
Strawberry low fat ice cream
Fresh milk 200 g
Vanilla ¼ vanilla
Egg yolk 2 egg
Dextrose sugar 55 g
Whip cream <low fat> 150 g
Strawberry jam 150 g
Soluble fiber 1 tea spoon
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Direction
- Boil milk and add vanilla until warm.
- Mix sugar , egg yolk and stir until smooth in bowl.
- Pour warm milk into bowl and stir well.
- Bring them to boil again around 82-83 c
- Stir whip cream until fluffy and mix to bowl.
- Add strawberry jam and soluble fiber and mix well.
- Pour into ice cream machine.
Milky creamy ice cream
Milk 500 ml
Cream 250 ml
Sugar 2 cup
Vanilla 1 tea spoon
Egg 3 egg
Milk protein 2 table spoon
Direction
- Boil milk, vanilla and milk protein until warm.
- Mix egg and sugar stir until fluffy in bowl.
- Pour milk in to bowl and stir well.
- Add cream and stir until smooth.
- Bring to ice cream machine.
Beverage recipe
Hot Milk
Milk 150 ml.
Sugar 1 tea spoon
Direction
- Boil milk in warm and add sugar.
Hot Tea
Hot water 1 cup
Tea powder 3 tea spoon < green tea , Thai tea >
Direction
- Put tea powder in cup and add hot water .
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Dessert recipe
Ice sweet
Ice ½ cup
Topping < customer can choose>
Direction
- Put topping and ice in cup.
Bread toast
Bread 1 piece
Margarine 1 tea spoon
Yam
Direction
- Apply margarine on bread
- Bring bread to toast until bread change to yellow color
- Pour yam on bread.
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5.4 Operating Cost
Raw material Cost
Fruit and ingredients of Ice cream
Coconut
Price : 160 bath/kg
Cantaloupe
Price: 19 bath/kg
Banana
Price: 165 bath/box
Lynchee
Price: 90 bath/kg
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Lemon
Price: 4 bath/1 lemon
Strawberry yam
Price: 107 bath/400g.
Syrup
Price: 38 bath/ 710ml
Egg
Price: 3.5 bath/egg
Half and half milk
Price: 158 bath/1liter
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Fresh milk
Price: 39 bath/830cc
Whip cream
Price: 250 bath/1 liter
Matcha Green tea powder
Price: 450 bath/1000 g
Thai tea powder
Price: 120 bath/ 1kg
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Sugar
Price: 23 bath/1kg
Salt
Price: 10 bath/1000g
Ice
Price: 20 bath/10 kg
Vanilla
Price: 30 bath/ 1 vanilla
Vanilla Flavor
Price: 60 bath/30g
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Dextrose sugar
Price: 205 bath/500g
Soluble fiber
Price: 205 bath/500g
Milk protein
Price: 140 bath/ 200g
Bread
Price : 19 bath/1 piece
Best food margarine
Price : 70 bath/kg
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Banana jam
Price : 44 bath/kg
Chocolate jam
Price : 55 bath/kg
Marmalade jam
Price : 44 bath/kg
Strawberry jam
Price: 44 bath/kg
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Blueberry jam
Price: 44 bath/kg
Condensed milk
Price: 23 bath/1 can
Butterfly Pea sticky rice
Price: 149 bath/ kg
Sweet corn
Price: 15 bath/kg
Grass jelly
Price: 50 bath/kg
Black bean
Price: 34 bath/kg
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Palm seed
Price: 55 bath/kg
Pea nut
Price: 13 bath/kg
Salim
Price: 44 bath/kg
Bread cut
Price: 40 bath/kg
Water
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5.5 Overhead
MFG overhead Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Electricity 900 900 900 900 900 900 900 900 900 900 900 900 10,800
Water 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Depreciation 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 54,744
Rent 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 72,000
Total MFG overhead 11,662 11,662 11,662 11,662 11,662 11,662 11,662 11,662 11,662 11,662 11,662 11,662 139,944
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5.6 Logistic Management
Application of management principles to logistics operations for efficient and cost
effective movement of goods planning control shop my shop planning go to buy raw material
and order some material from market for decrease expense cost of shop .
The picture show distance shop to supermarket about 10 km.
Calculation: Go 5 km. use 160 bath
Go-back use 260 bath
One month go to buy 2 time = 520 bath
Cost of gasoline: 520 bath per month
I Tim&Dessert shop
Top Supermarket
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Chapter 6
Administration Analysis
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6.1 Management Analysis
Administration Cost
Employee salary
Our company hires two sale persons in our shop. Each person receives
salary 10,000 baht per month.
6.2 Conclusion
I Tim shop will be located at Malin Plaza in front of Chiang Mai University. And we will
our ice cream shop invest as the following.
Total cost of raw material and equipment
No. Descript No. Product Price/Unit Total
1. Ice cream maker 1 170,000 170,000
2. Ice cream freezer 1 94,448 94,448
3. Ice cream tray 10 380 3,800
4. Ice cream scoop 3 220 660
5. Measuring scales set 1 342 342
6. Bottle Vase 11 120 1,320
7. Ice cream cups 150 3 450
8. Ice cream spoons 100 0.18 18
9. Calculator 2 1,590 3,180
10. Pens 4 5 20
11. Paper note 100 0.5 50
12. Stamp sticker 2 75 150
13. Name and price tag 10 1.9 19
14. Board menu 2 650 1300
15. Napkins uniform 2 180 360
16. Nesco toast bread 1 850 850
17. Tsunami bowl 20 23 460
18. Melamine spoon 20 7.50 150
19. Paper tray 100 0.90 90
20. Fork 20 10 200
21. Tissue papers 6 10 60
22. Cup 20 39 780
23. Glass 25 35 875
24. Tray 3 80 240
25. DVD player 1 890 890
26.
Magazine - Seventeen
- Ray
- In magazine
1 80
90
50
265
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- Lisa 45
27. Washing 1 50 50
28. Coconut 3 160/kg 480
29. Cantaloupe 3 19/kg 57
30. Banana 3 165/kg 495
31. Lynches 4 90/kg 360
32. Lemon 10 5 50
33. Strawberry yam 2 107 214
34. Syrup 2 38 76
35. Egg 40 3.5 140
36. Half and half milk 4 158 632
37. Fresh milk 10 39 390
38. Whip cream 3 250 750
39. Matcha Green tea powder 1 450 450
40. Thai tea powder 1 120 120
41. Sugar 3 23 69
42. Salt 1 10 10
43. Ice 20 0.5 10
44. Vanilla 10 30 300
45. Vanilla Flavor 2 60 120
46. Dextrose sugar 1 205 205
47. Soluble fiber 1 205 205
48. Milk protein 1 140 140
49. Butterfly Pea sticky rice ½ 149 74.50
50. Sweet corn 1 15 15
51. Grass jelly 1 50 50
52. Black bean 1 34 34
53. Palm seed 1 55 55
54. Pea nut 1 13 13
55. Salim 1 44 44
56. Bread cut 1 40 40
57. Condensed milk 5 23 115
58. Bread 5 19 95
59. Best food margarine 1 70 70
60. Banana jam 1 44 44
61. Chocolate jam 1 44 44
62. Marmalade jam 1 44 44
63. Strawberry jam 1 44 44
64. Blueberry jam 1 44 44
Total
765
287,126
So the total amount of investment will be equal 375,715+55,317= 431,032 but we will
loan the money from the investor for 500,000
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Chapter 7
Financial Analysis
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7.1 Income Statement
Year 1 January February March April May June July August September October November December
Revenue
Sale 98,310 119,250 92,747 83,782 81,174 111,981 106,602 105,624 107,254 91,606 85,249 87,368
Total Revenue 98,310 119,250 92,747 83,782 81,174 111,981 106,602 105,624 107,254 91,606 85,249 87,368
Cost of goods sold
Direct Material 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Direct Labor 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
MFG overhead 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350
Total cost of goods sold 37350 37350 37350 37350 37350 37350 37350 37350 37350 37350 37350 37350
Gross income 60,960 81,900 55,397 46,432 43,824 74,631 69,252 68,274 69,904 54,256 47,899 50,018
Operating Expense
Marketing expense 675 675 675 675 675 675 675 675 675 675 675 675
Rent 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Depreciation 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562
Selling & Administration - - - - - - - - - - - -
Total Operating Expense 11,237 11,237 11,237 11,237 11,237 11,237 11,237 11,237 11,237 11,237 11,237 11,237
Net income before Expense 49,723 70,663 44,160 35,195 32,587 63,394 58,015 57,037 58,667 43,019 36,662 38,781
Operating income (loss)
Other income (expense) - - - - - - - - - - - -
Interest expense 2,604 2,604 2,604 2,604 2,604 2,604 2,604 2,604 2,604 2,604 2,604 2,604
Total Operating income 2,604 2,604 2,604 2,604 2,604 2,604 2,604 2,604 2,604 2,604 2,604 2,604
Income (loss) before Taxes 47,119 68,059 41,556 32,591 29,983 60,790 55,411 54,433 56,063 40,415 34,058 36,177
Provision (benefit) for income taxes - - - - - - - - - - - -
Net income (loss) for the year 48,994 69,934 43,431 34,466 31,858 62,665 57,286 56,308 57,938 42,290 35,933 38,052
Retained Earnings Being of the year 48,994 118,928 162,359 196,825 228,683 291,348 348,634 404,942 462,880 505,170 541,103
Retaining Earning 48,994 118,928 162,359 196,825 228,683 291,348 348,634 404,942 462,880 505,170 541,103 579,155
Ice Cream I Tim & Desert sweety Co., Ltd
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82
Year 2 January February March April May June July August September October November December
Revenue
Sale 129,585 128,607 121,598 115,730 113,611 133,163 127,955 126,977 122,087 116,056 113,774 111,492
Total Revenue 129,585 128,607 121,598 115,730 113,611 133,163 127,955 126,977 122,087 116,056 113,774 111,492
Cost of goods sold
Direct Material 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Direct Labor 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
MFG overhead 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350
Total cost of goods sold 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350
Gross income 92,235 91,257 84,248 78,380 76,261 95,813 90,605 89,627 84,737 78,706 76,424 74,142
Operating Expense
Marketing expense 675 675 675 675 675 675 675 675 675 675 675 675
Rent 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Depreciation 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562
Selling & Administration - - - - - - - - - - - -
Total Operating Expense 11,237 11,237 11,237 11,237 11,237 11,237 11,237 11,237 11,237 11,237 11,237 11,237
Net income before Expense 80,998 80,020 73,011 67,143 65,024 84,576 79,368 78,390 73,500 67,469 65,187 62,905
Operating income (loss)
Other income (expense) - - - - - - - - - - - -
Interest expense 2,708 2,708 2,708 2,708 2,708 2,708 2,708 2,708 2,708 2,708 2,708 2,708
Total Operating income 2,708 2,708 2,708 2,708 2,708 2,708 2,708 2,708 2,708 2,708 2,708 2,708
Income (loss) before Taxes 78,181 77,203 70,194 64,326 62,207 81,759 76,551 75,573 70,683 64,652 62,370 60,088
Provision (benefit) for income taxes
Net income (loss) for the year 78,181 77,203 70,194 64,326 62,207 81,759 76,551 75,573 70,683 64,652 62370 60,088
Retained Earnings Being of the year 579,155 657,336 734,539 804,733 869,059 931,266 1,013,025 1,089,576 1,165,149 1,235,832 1,300,484 1,362,854
Retaining Earning 657,336 734,539 804,733 869,059 931,266 1,013,025 1,089,576 1,165,149 1,235,832 1,300,484 1,362,854 1,422,942
Ice Cream I Tim & Desert sweety Co., Ltd
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83
Year 3 January February March April May June July August September October November December
Revenue
Sale 138,876 143,277 134,475 129,585 122,087 146,211 141,647 146,537 137,898 134,149 132,030 128,607
Total Revenue 138,876 143,277 134,475 129,585 122,087 146,211 141,647 146,537 137,898 134,149 132,030 128,607
Cost of goods sold
Direct Material 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Direct Labor 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
MFG overhead 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350
Total cost of goods sold 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350
Gross income 101,526 105,927 97,125 92,235 84,737 108,861 104,297 109,187 100,548 96,799 94,680 91,257
Operating Expense
Marketing expense 876 876 876 876 876 876 876 876 876 876 876 876
Rent 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Depreciation 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562
Selling & Administration - - - - - - - - - - - -
Total Operating Expense 11,438 11,438 11,438 11,438 11,438 11,438 11,438 11,438 11,438 11,438 11,438 11,438
Net income before Expense 90,088 94,489 85,687 80,797 73,299 97,423 92,859 97,749 89,110 85,361 83,242 79,819
Operating income (loss)
Other income (expense) - - - - - - - - - - - -
Interest expense 2,812 2,812 2,812 2,812 2,812 2,812 2,812 2,812 2,812 2,812 2,812 2,812
Total Operating income 2,812 2,812 2,812 2,812 2,812 2,812 2,812 2,812 2,812 2,812 2,812 2,812
Income (loss) before Taxes 87,276 91,677 82,875 77,985 70,487 94,611 90,047 94,937 86,298 82,549 80,430 77,007
Provision (benefit) for income taxes - - - - - - - - - - - -
Net income (loss) for the year 87,276 91,677 82,875 77,985 70,487 94,611 90,047 94,937 86,298 82,549 80,430 77,007
Retained Earnings Being of the year 1,422,942 1,510,218 1,601,895 1,684,770 1,762,755 1,833,242 1,927,853 2,017,900 2,112,837 2,199,135 2,281,684 2,362,114
Retaining Earning 1,510,218 1,601,895 1,684,770 1,762,755 1,833,242 1,927,853 2,017,900 2,112,837 2,199,135 2,281,684 2,362,114 2,439,121
Ice Cream I Tim & Desert sweety Co., Ltd
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84
Year 4 January February March April May June July August September October November December
Revenue
Sale 134,149 148,819 150,612 142,788 142,462 157,163 160,163 166,749 159,163 160,163 139,163 137,163
Total Revenue 134,149 148,819 150,612 142,788 142,462 157,163 160,163 166,749 159,163 160,163 139,163 137,163
Cost of goods sold
Direct Material 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Direct Labor 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
MFG overhead 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350
Total cost of goods sold 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350
Gross income 96,799 111,469 113,262 105,438 105,112 119,813 122,813 129,399 121,813 122,813 101,813 99,813
Operating Expense
Marketing expense 934 934 934 934 934 934 934 934 934 934 934 934
Rent 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Depreciation 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562
Selling & Administration - - - - - - - - - - - -
Total Operating Expense 11,496 11,496 11,496 11,496 11,496 11,496 11,496 11,496 11,496 11,496 11,496 11,496
Net income before Expense 85,303 99,973 101,766 93,942 93,616 108,317 111,317 117,903 110,317 111,317 90,317 88,317
Operating income (loss)
Other income (expense) - - - - - - - - - - - -
Interest expense 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916
Total Operating income 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916
Income (loss) before Taxes 82,387 97,057 98,850 91,026 90,700 105,401 108,401 114,987 107,401 108,401 87,401 85,401
Provision (benefit) for income taxes - - - - - - - - - - - -
Net income (loss) for the year 82,387 97,057 98,850 91,026 90,700 105,401 108,401 114,987 107,401 108,401 87,401 85,401
Retained Earnings Being of the year 2,439,121 2,521,508 2,618,565 2,717,415 2,808,441 2,899,141 3,004,542 3,112,943 3,227,930 3,335,331 3,443,732 3,531,133
Retaining Earning 2,521,508 2,618,565 2,717,415 2,808,441 2,899,141 3,004,542 3,112,943 3,227,930 3,335,331 3,443,732 3,531,133 3,616,534
Ice Cream I Tim & Desert sweety Co., Ltd
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85
Year 5 January February March April May June July August September October November December
Revenue
Sale 154,198 160,881 171,467 150,612 143,277 173,595 202,935 186,635 195,274 169,357 161,696 157,295
Total Revenue 154,198 160,881 171,467 150,612 143,277 173,595 202,935 186,635 195,274 169,357 161,696 157,295
Cost of goods sold
Direct Material 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Direct Labor 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
MFG overhead 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350 1,350
Total cost of goods sold 37,350 37,350 37,350 37,350 37,350 37,350 37,350 37,350 373,50 37,350 37,350 37,350
Gross income 116,848 123,531 134,117 113,262 105,927 136,245 165,585 149,285 157,924 132,007 124,346 119,945
Operating Expense
Marketing expense 893 893 893 893 893 893 893 893 893 893 893 893
Rent 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Depreciation 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562
Selling & Administration - - - - - - - - - - - -
Total Operating Expense 11,455 11,455 11,455 11,455 11,455 11,455 11,455 11,455 11,455 11,,455 11,455 11,455
Net income before Expense 105,393 112,076 122,662 101,807 94,472 124,790 154,130 137,830 146,469 120,552 112,891 108,490
Operating income (loss)
Other income (expense) - - - - - - - - - - - -
Interest expense 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916
Total Operating income 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916 2,916
Income (loss) before Taxes 102,477 109,160 119,746 98,891 91,556 121,874 151,214 134,914 143,553 117,636 109,975 105,574
Provision (benefit) for income taxes - - - - - - - - - - - -
Net income (loss) for the year 102,477 109,160 119,746 98,891 91,556 121,874 151,214 134,914 143,553 117,636 109,975 105,574
Retained Earnings Being of the year 3,282,908 3,385,385 3,494,545 3,614,291 3,713,182 3,804738 3,926,612 4,077,826 4,212,740 4,356,293 4,473,929 4,583,904
Retaining Earning 3,385,385 3,494,545 3,614,291 3,713,182 3,804,738 3,926,612 4,077,826 4,212,740 4,356,293 4,473,929 4,583,904 4,689,478
Ice Cream I Tim & Desert sweety Co., Ltd
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86
7.2 Cash flow statement
Year 1
January February March April May June July August September October November December
Operating Cash Flow
Net Income after Tax 48,994 69,934 43,431 34,466 31,858 62,665 57,286 56,308 57,938 42,290 35,933 38,052
+ Depreciation and amortization 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562
+/- Decrease (Increase) in Accounts Receiveable - - - - - - - - - - - -
+/- Decrease (Increase) in Inventory 6,098 6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098
+/- Decrease (Increase) in Other Current Assetes - - - - - - - - - - - -
+/- Decrease (Increase) in Accounts Payable - - - - - - - - - - - -
+/- Decrease (Increase) in Accrued Expenses - - - - - - - - - - - -
+/- Decrease (Increase) in Other Current
Liabilities - - - - - - - - - - - -
Total Operation Cash Flow 47,458 68,398 41,895 32,930 30,322 61,129 55,750 54,772 56,402 40,754 34,397 36,516
Investing Cash Flow
+/- Decrease (Increase) in Fixed Assets 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720
+/- Decrease (Increase) in Notes Receivables - - - - - - - - - - - -
+/- Decrease (Increase) in Securities, Investment - - - - - - - - - - - -
+/- Decrease (Increase) in tangible, noncurrent
assets - - - - - - - - - - - -
Total Investing Cash Flow 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720
Financing Cash Flow - - - - - - - - - - - -
+/- Decrease (Increase) in Borrowings -8,333 -8,333 -8,333 -8,333 -8,333 -8,333 -8,333 -8,333 -8,333 -8,333 -8,333 -8,333
Payment in principle 2604 2604 2604 2604 2604 2604 2604 2604 2604 2604 2604 2604
- Dividends Paid - - - - - - - - - - - -
Total Financing Cash Flow -5,729 -5,729 -5,729 -5,729 -5,729 -5,729 -5,729 -5,729 -5,729 -5,729 -5,729 -5,729
Total Cash Flow 279,449 279,449 279,449 279,449 279,449 279,449 279,449 279,449 279,449 279,449 279,449 279,449
Cash at beginning of period 279449 558898 838347 1,117,796 1,397,245 1,676,694 1,956,143 2,235,592 2,515,041 2,794,490 3,073,939
Cash at end period 279,449 558,898 838,347 1,117,796 1,397,245 1,676,694 1,956,143 2,235,592 2,515,041 2,794,490 3,073,939 3,353,388
Ice Cream I Tim & Desert sweety Co., Ltd
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87
Year 2
January February March April May June July August September October November December
Operating Cash Flow
Net Income after Tax 78,181 77,203 70,194 64,326 62,207 81,759 76,551 75,573 70,683 64,652 62,370 60,088
+ Depreciation and amortization 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562
+/- Decrease (Increase) in Accounts Receiveable - - - - - - - - - - - -
+/- Decrease (Increase) in Inventory -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098
+/- Decrease (Increase) in Other Current Assetes - - - - - - - - - - - -
+/- Decrease (Increase) in Accounts Payable - - - - - - - - - - - -
+/- Decrease (Increase) in Accrued Expenses - - - - - - - - - - - -
+/- Decrease (Increase) in Other Current Liabilities - - - - - - - - - - - -
Total Operation Cash Flow 76,645 75,667 68,658 62,790 60,671 80,223 75,015 74,037 69,147 63,116 60,834 58,552
Investing Cash Flow
+/- Decrease (Increase) in Fixed Assets - - - - - - - - - - - -
+/- Decrease (Increase) in Notes Receivables - - - - - - - - - - - -
+/- Decrease (Increase) in Securities, Investment - - - - - - - - - - - -
+/- Decrease (Increase) in tangible, noncurrent assets - - - - - - - - - - - -
Total Investing Cash Flow
Financing Cash Flow
+/- Decrease (Increase) in Borrowings - - - - - - - - - - - -
Payment in principle - - - - - - - - - - - -
- Dividends Paid - - - - - - - - - - - -
Total Financing Cash Flow
Total Cash Flow 5,625 5,625 - - 5,625 5,625 5,625 5,625 5,625 5,625 5,625 5,625
Cash at beginning of period 3,353,388 3,359,013 3,364,638 3,370,263 3,375,888 3,381,513 3,387,138 3,392,763 3,398,388 3,404,013 3,409,638 3,415,263
Cash at end period 3,359,013 3,364,638 3,370,263 3,375,888 3,381,513 3,387,138 3,392,763 3,398,388 3,404,013 3,409,638 3,415,263 3,420,888
Ice Cream I Tim & Desert sweety Co., Ltd
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88
Year 3
January February March April May June July August September October November December
Operating Cash Flow
Net Income after Tax 87,276 91,677 82,875 77,985 70,487 94,611 90,047 94,937 86,298 82,549 80,430 77,007
+ Depreciation and amortization 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562
+/- Decrease (Increase) in Accounts Receiveable
+/- Decrease (Increase) in Inventory -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098
+/- Decrease (Increase) in Other Current Assetes - - - - - - - - - - - -
+/- Decrease (Increase) in Accounts Payable - - - - - - - - - - - -
+/- Decrease (Increase) in Accrued Expenses - - - - - - - - - - - -
+/- Decrease (Increase) in Other Current Liabilities - - - - - - - - - - - -
Total Operation Cash Flow 85,740 90,141 81,339 76,449 68,951 93,075 88,511 93,401 84,762 81,013 78,894 75,471
Investing Cash Flow
+/- Decrease (Increase) in Fixed Assets - - - - - - - - - - - -
+/- Decrease (Increase) in Notes Receivables - - - - - - - - - - - -
+/- Decrease (Increase) in Securities, Investment - - - - - - - - - - - -
+/- Decrease (Increase) in tangible, noncurrent assets - - - - - - - - - - - -
Total Investing Cash Flow
Financing Cash Flow
+/- Decrease (Increase) in Borrowings - - - - - - - - - - - -
Payment in principle - - - - - - - - - - - -
- Dividends Paid - - - - - - - - - - - -
Total Financing Cash Flow
Total Cash Flow 5,521 5,521 5,521 5,521 5,521 5,521 5,521 5,521 5,521 5,521 5,521 5,521
Cash at beginning of period 3,420,888 3,426,409 3,431,930 3,437,451 3,442,972 3,448,493 3,454,014 3,459,535 3,465,056 3,470,577 3,476,098 3,481,619
Cash at end period 3,426,409 3,431,930 3,437,451 3,442,972 3,448,493 3,454,014 3,459,535 3,465,056 3,470,577 3,476,098 3,481,619 3,487,140
Ice Cream I Tim & Desert sweety Co., Ltd
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89
Year 4
January February March April May June July August September October November December
Operating Cash Flow
Net Income after Tax 82,387 97,057 98,850 91,026 90,700 105,401 108,401 114,987 107,401 108,401 87,401 85,401
+ Depreciation and amortization 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562
+/- Decrease (Increase) in Accounts Receiveable - - - - - - - - - - - -
+/- Decrease (Increase) in Inventory -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098
+/- Decrease (Increase) in Other Current Assetes - - - - - - - - - - - -
+/- Decrease (Increase) in Accounts Payable - - - - - - - - - - - -
+/- Decrease (Increase) in Accrued Expenses - - - - - - - - - - - -
+/- Decrease (Increase) in Other Current Liabilities - - - - - - - - - - - -
Total Operation Cash Flow 80,851 95,521 97,314 89,490 89,164 103,865 106,865 113,451 105,865 106,865 85,865 83,865
Investing Cash Flow
+/- Decrease (Increase) in Fixed Assets - - - - - - - - - - - -
+/- Decrease (Increase) in Notes Receivables - - - - - - - - - - - -
+/- Decrease (Increase) in Securities, Investment - - - - - - - - - - - -
+/- Decrease (Increase) in tangible, noncurrent assets - - - - - - - - - - - -
Total Investing Cash Flow
Financing Cash Flow
+/- Decrease (Increase) in Borrowings - - - - - - - - - - - -
Payment in principle - - - - - - - - - - - -
- Dividends Paid - - - - - - - - - - - -
Total Financing Cash Flow
Total Cash Flow 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417
Cash at beginning of period 3,487,140 3,492,557 3,497,974 3,503,391 3,508,808 3,514,225 3,519,642 3,525,059 3,530,476 3,535,893 3,541,310 3,546,727
Cash at end period 3,492,557 3,497,974 3,503,391 3,508,808 3,514,225 3,519,642 3,525,059 3,530,476 3,535,893 3,541,310 3,546,727 3,552,144
Ice Cream I Tim & Desert sweety Co., Ltd
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90
Year 5
January February March April May June July August September October November December
Operating Cash Flow
Net Income after Tax 102,477 109,160 119,746 98,891 91,556 121,874 151,214 134,914 143,553 117,636 109,975 105,574
+ Depreciation and amortization 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562 4,562
+/- Decrease (Increase) in Accounts Receiveable - - - - - - - - - - - -
+/- Decrease (Increase) in Inventory -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098 -6,098
+/- Decrease (Increase) in Other Current Assetes - - - - - - - - - - - -
+/- Decrease (Increase) in Accounts Payable - - - - - - - - - - - -
+/- Decrease (Increase) in Accrued Expenses - - - - - - - - - - - -
+/- Decrease (Increase) in Other Current Liabilities - - - - - - - - - - - -
Total Operation Cash Flow 100,941 107,624 118,210 97,355 90,020 120,338 149,678 133,378 142,017 116,100 108,439 104,038
Investing Cash Flow
+/- Decrease (Increase) in Fixed Assets - - - - - - - - - - - -
+/- Decrease (Increase) in Notes Receivables - - - - - - - - - - - -
+/- Decrease (Increase) in Securities, Investment - - - - - - - - - - - -
+/- Decrease (Increase) in tangible, noncurrent assets - - - - - - - - - - - -
Total Investing Cash Flow
Financing Cash Flow
+/- Decrease (Increase) in Borrowings - - - - - - - - - - - -
Payment in principle - - - - - - - - - - - -
- Dividends Paid - - - - - - - - - - - -
Total Financing Cash Flow
Total Cash Flow 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417
Cash at beginning of period 3,552,144 3,557,561 3,562,978 3,568,395 3,573,812 3,579,229 3,584,646 3,590,063 3,595,480 3,600,897 3,606,314 3,611,731
Cash at end period 3,557,561 3,562,978 3,568,395 3,573,812 3,579,229 3,584,646 3,590,063 3,595,480 3,600,897 3,606,314 3,611,731 3,617,148
Ice Cream I Tim & Desert sweety Co., Ltd
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91
7.3 Balance Sheet
Year 1 January February March April May June July August September October November December
ASSET
Current Assets
Cash 284534 356268 399435 433796 467523 528288 585574 641882 699820 738110 779401 816,095
Inventories (Ending Inventory) -4,698 -6,498 -6,234 -6,129 -7,998 -6,098 -6,098 -6,098 -6,098 -6,098 -7,456 -6,098
Total Current Assets 279,836 349,770 393,201 427,667 459,525 522,190 579,476 635,784 693,722 732,012 771,945 809,997
Non Current Assets
Property and Equipment
Machinery and Equipment 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720
Total: Property and Equipment - - - - - - - - - - - -
Less: Accumulated Depreciation -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562
Total non Current Asset 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158
TOTAL ASSETS 548,994 618,928 662,359 696,825 728,683 791,348 848,634 904,942 962,880 1,001,170 1,041,103 1,079,155
LIABILITY AND EQUITY
LIABILITY
Current Liability
Account Payable - - - - - - - - - - - -
Wages Payable - - - - - - - - - - - -
Taxes Payable - - - - - - - - - - - -
Total Current Liabilities - - - - - - - - - - - -
Non Current Liability
Long-Term Liability
Long Term Debt 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Total long-Term Liability 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Total Liabilities 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
EQUITY
Capital - - - - - - - - - - - -
Retains Earnings 48,994 118,928 162,359 196,825 228,683 291,348 348,634 404,942 462,880 505,170 541,103 579,155
Total Equity 48,994 118,928 162,359 196,825 228,683 291,348 348,634 404,942 462,880 505,170 541,103 579,155
Total Liabilities & Equipment 548,994 618,928 662,359 696,825 728,683 791,348 848,634 904,942 962,880 1,005,170 1,041,103 1,079,155
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Year 2 January February March April May June July August September October November December
ASSET
Current Assets
Cash 987,826 1062609 1137063 1194145 1261202 1343509 1421562 1496157 1571800 1638818 1746494 1814328
Inventories (Ending Inventory) -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698
Total Current Assets 980128 1054911 1129365 1186447 1253504 1335811 1413864 1488459 1564102 1631120 1738796 1,806,630
Non Current Assets
Property and Equipment
Machinery and Equipment 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720
Total: Property and Equipment - - - - - - - - - - - -
Less: Accumulated Depreciation -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562
Total non Current Asset 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158
TOTAL ASSETS 1,249,286 1,324,069 1,398,523 1,455,605 1,522,662 1,604,969 1,683,022 1,757,617 1,833,260 1,900,278 2,007,954 2,075,788
LIABILITY AND EQUITY
LIABILITY
Current Liability
Account Payable - - - - - - - - - - - -
Wages Payable - - - - - - - - - - - -
Taxes Payable 45,975 44,765 46,895 43,273 45,698 45,972 46,723 46,234 48,714 49,897 72,550 76,423
Total Current Liabilities 45,975 44,765 46,895 43,273 45,698 45,972 46,723 46,234 48,714 49,897 72,550 76,423
Non Current Liability
Long-Term Liability
Long Term Debt 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Total long-Term Liability 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Total Liabilities 545,975 544,765 546,895 543,273 545,698 545,972 546,723 546,234 548,714 549,897 572,550 576,423
EQUITY
Capital - - - - - - - - - - - -
Retains Earnings 657336 734539 804733 869059 931266 1013025 1089576 1165149 1235832 1300484 1362854 1422942
Total Equity 657336 734539 804733 869059 931266 1013025 1089576 1165149 1235832 1300484 1362854 1422942
Total Liabilities & Equipment 1,249,286 1,324,069 1,398,523 1,455,605 1,522,662 1,604,969 1,683,022 1,757,617 1,833,260 1,900,278 2,007,954 2,075,788
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Year 3 January February March April May June July August September October November December
ASSET
Current Assets
Cash 1,930,708 1929965 2017100 2087841 2163178 2258337 2349886 2443845 2535103 2620018 2745754 2830507
Inventories (Ending Inventory) -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698
Total Current Assets 1923010 1922267 2009402 2080143 2155480 2250639 2342188 2436147 2527405 2612320 2738056 2,822,809
Non Current Assets
Property and Equipment
Machinery and Equipment 183,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720
Total: Property and Equipment - - - - - - - - - - - -
Less: Accumulated Depreciation -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562
Total non Current Asset 179,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158
TOTAL ASSETS 2,102,168 2,191,425 2,278,560 2,349,301 2,424,638 2,519,797 2,611,346 2,705,305 2,796,563 2,881,478 3,007,214 3,091,967
LIABILITY AND EQUITY
LIABILITY
Current Liability
Account Payable - - - - - - - - - - - -
Wages Payable - - - - - - - - - - - -
Taxes Payable 45,975 44,765 46,895 43,273 45,698 45,972 46,723 46,234 48,714 49,897 72,550 76,423
Total Current Liabilities 45,975 44,765 46,895 43,273 45,698 45,972 46,723 46,234 48,714 49,897 72,550 76,423
Non Current Liability
Long-Term Liability
Long Term Debt 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Total long-Term Liability 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Total Liabilities 545,975 544,765 546,895 543,273 545,698 545,972 546,723 546,234 548,714 549,897 572,550 576,423
EQUITY
Capital - - - - - - - - - - - -
Retains Earnings 1,510,218 1,601,895 1,684,770 1,762,755 1,833,242 1,927,853 2,017,900 2,112,837 2,199,135 2,281,684 2,362,114 2,439,121
Total Equity 1,510,218 1,601,895 1,684,770 1,762,755 1,833,242 1,927,853 2,017,900 2,112,837 2,199,135 2,281,684 2,362,114 2,439,121
Total Liabilities & Equipment 2,102,168 2,191,425 2,278,560 2,349,301 2,424,638 2,519,797 2,611,346 2,705,305 2,796,563 2,881,478 3,007,214 3,091,967
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Year 4 January February March April May June July August September October November December
ASSET
Current Assets
Cash 2,941,998 2,946,635 3,049,745 3,133,527 3,229,077 3,335,026 3,444,929 3,558,938 3,671,299 3,782,066 3,914,773 4,007,920
Inventories (Ending Inventory) -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698
Total Current Assets 2,934,300 2,938,937 3,042,047 3,125,829 3,221,379 3,327,328 3,437,231 3,551,240 3,663,601 3,774,368 3,907,075 4,000,222
Non Current Assets
Property and Equipment
Machinery and Equipment 183,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720
Total: Property and Equipment - - - - - - - - - - - -
Less: Accumulated Depreciation -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562
Total non Current Asset 179,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158
TOTAL ASSETS 3,113,458 3,208,095 3,311,205 3,394,987 3,490,537 3,596,486 3,706,389 3,820,398 3,932,759 4,043,526 4,176,233 4,269,380
LIABILITY AND EQUITY
LIABILITY
Current Liability
Account Payable - - - - - - - - - - - -
Wages Payable - - - - - - - - - - - -
Taxes Payable 45,975 44,765 46,895 43,273 45,698 45,972 46,723 46,234 48,714 49,897 72,550 76,423
Total Current Liabilities 45,975 44,765 46,895 43,273 45,698 45,972 46,723 46,234 48,714 49,897 72,550 76,423
Non Current Liability
Long-Term Liability
Long Term Debt 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Total long-Term Liability 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Total Liabilities 545,975 544,765 546,895 543,273 545,698 545,972 546,723 546,234 548,714 549,897 572,550 576,423
EQUITY
Capital - - - - - - - - - - - -
Retains Earnings 2521508 2618565 2717415 2808441 2899141 3004542 3112943 3227930 3335331 3443732 3531133 3616534
Total Equity 2521508 2618565 2717415 2808441 2899141 3004542 3112943 3227930 3335331 3443732 3531133 3616534
Total Liabilities & Equipment 3,113,458 3,208,095 3,311,205 3,394,987 3,490,537 3,596,486 3,706,389 3,820,398 3,932,759 4,043,526 4,176,233 4,269,380
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Year 5 January February March April May June July August September October November December
ASSET
Current Assets
Cash 3,805,875 3822615 3946621 4038268 4134674 4257096 4409812 4543748 4692261 4812263 4967544 5080864
Inventories (Ending Inventory) -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698 -7,698
Total Current Assets 3,798,177 3,814,917 3,938,923 4,030,570 4,126,976 4,249,398 4,402,114 4,536,050 4,684,563 4,804,565 4,959,846 5,073,166
Non Current Assets
Property and Equipment
Machinery and Equipment 183,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720 273,720
Total: Property and Equipment - - - - - - - - - - - -
Less: Accumulated Depreciation -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562 -4,562
Total non Current Asset 179,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158 269,158
TOTAL ASSETS 3,977,335 4,084,075 4,208,081 4,299,728 4,396,134 4,518,556 4,671,272 4,805,208 4,953,721 5,073,723 5,229,004 5,342,324
LIABILITY AND EQUITY
LIABILITY
Current Liability
Account Payable - - - - - - - - - - - -
Wages Payable - - - - - - - - - - - -
Taxes Payable 45,975 44,765 46,895 43,273 45,698 45,972 46,723 46,234 48,714 49,897 72,550 76,423
Total Current Liabilities 45,975 44,765 46,895 43,273 45,698 45,972 46,723 46,234 48,714 49,897 72,550 76,423
Non Current Liability
Long-Term Liability
Long Term Debt 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Total long-Term Liability 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Total Liabilities 545,975 544,765 546,895 543,273 545,698 545,972 546,723 546,234 548,714 549,897 572,550 576,423
EQUITY
Capital - - - - - - - - - - - -
Retains Earnings 3,385,385 3,494,545 3,614,291 3,713,182 3,804,738 3,926,612 4,077,826 4,212,740 4,356,293 4,473,929 4,583,904 4,689,478
Total Equity 3,385,385 3,494,545 3,614,291 3,713,182 3,804,738 3,926,612 4,077,826 4,212,740 4,356,293 4,473,929 4,583,904 4,689,478
Total Liabilities & Equipment 3,977,335 4,084,075 4,208,081 4,299,728 4,396,134 4,518,556 4,671,272 4,805,208 4,953,721 5,073,723 5,229,004 5,342,324
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7.2 Financial analysis
All of the I Tim and Desert Sweety shop loan amount will be total of 500,000 and we
will give back the interest rate. The table below will show the payment table of the return.
Period Year
Installment
Principle Accumulat
e Interest Interest
Paid
Installment
Paid Total
0 ฿500,000
1 1 2,604 8,521 11,125 ฿607,375 2,604
2 1 2,542 8,583 11,125 ฿598,792 5,146
3 1 2,479 8,646 11,125 ฿590,146 7,625
4 1 2,415 8,710 11,125 ฿581,436 10,040
5 1 2,350 8,775 11,125 ฿572,661 12,390
6 1 2,283 8,842 11,125 ฿563,819 14,673
7 1 2,214 8,911 11,125 ฿554,908 16,887
8 1 2,143 8,982 11,125 ฿545,926 19,030
9 1 2,045 9,080 11,125 ฿536,846 21,075
10 1 1,933 9,192 11,125 ฿527,654 23,008
11 1 1,809 9,316 11,125 ฿518,338 24,817
12 1 1,674 9,451 11,125 ฿508,887 26,491
13 2 1,537 9,588 11,125 ฿499,299 28,028
14 2 1,342 9,783 11,125 ฿489,516 29,370
15 2 1,291 9,834 11,125 ฿479,682 30,661
16 2 1,241 9,884 11,125 ฿469,798 31,902
17 2 1,192 9,933 11,125 ฿459,865 33,094
18 2 1,144 9,981 11,125 ฿449,884 34,238
19 2 1,097 10,028 11,125 ฿439,856 35,335
20 2 1,051 10,074 11,125 ฿429,782 36,386
21 2 1,006 10,119 11,125 ฿419,663 37,392
22 2 962 10,163 11,125 ฿409,500 38,354
23 2 919 10,206 11,125 ฿399,294 39,273
24 2 877 10,248 11,125 ฿389,046 40,150
25 3 836 10,289 11,125 ฿378,757 40,986
26 3 795 10,330 11,125 ฿368,427 41,781
27 3 755 10,370 11,125 ฿358,057 42,536
28 3 716 10,409 11,125 ฿347,648 43,252
29 3 678 10,447 11,125 ฿337,201 43,930
30 3 641 10,484 11,125 ฿326,717 44,571
31 3 605 10,520 11,125 ฿316,197 45,176
32 3 570 10,555 11,125 ฿305,642 45,746
33 3 536 10,589 11,125 ฿295,053 46,282
34 3 503 10,622 11,125 ฿284,431 46,785
35 3 471 10,654 11,125 ฿273,777 47,256
36 3 440 10,685 11,125 ฿263,092 47,696
37 4 410 10,715 11,125 ฿252,377 48,106
38 4 381 10,744 11,125 ฿241,633 48,487
39 4 353 10,772 11,125 ฿230,861 48,840
40 4 326 10,799 11,125 ฿220,062 49,166
41 4 300 10,825 11,125 ฿209,237 49,466
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42 4 275 10,850 11,125 ฿198,387 49,741
43 4 251 10,874 11,125 ฿187,513 49,992
44 4 228 10,897 11,125 ฿176,616 50,220
45 4 206 10,919 11,125 ฿165,697 50,426
46 4 185 10,940 11,125 ฿154,757 50,611
47 4 165 10,960 11,125 ฿143,797 50,776
48 4 146 10,979 11,125 ฿132,818 50,922
49 5 128 10,997 11,125 ฿121,821 51,050
50 5 111 11,014 11,125 ฿110,807 51,161
51 5 95 11,030 11,125 ฿99,777 51,256
52 5 80 11,045 11,125 ฿88,732 51,336
53 5 66 11,059 11,125 ฿77,673 51,402
54 5 54 11,071 11,125 ฿66,602 51,456
55 5 43 11,082 11,125 ฿55,520 51,499
56 5 33 11,092 11,125 ฿44,428 51,532
57 5 25 11,100 11,125 ฿33,328 51,557
58 5 19 11,106 11,125 ฿22,222 51,576
59 5 15 11,110 11,125 ฿11,112 51,591
60 5 13 11,112 11,125 ฿0 51,604
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Chapter 8
Risk Management
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I Tim and Desert Sweety shop
Risk of I Tim ice cream homemade shop is mean opportunities and situation what are
make impact to the purpose or goal deviations cause damage and uncertain of many factor in
market and can occur at any time in the future. So we can analysis risk what factor have impact
to company for make sure that we can understand in problem and can choose the best way to
solve the problem in the future.
Strategic of risk in ice cream market can separate two type. First is external risk the
element such as politic risk, economic risk, competitive factor. Second is internal risk the
element such as human resource, organization management.
8.1 External factors risk
- Politic factor
If situation of politic is not good will effect to economics and business cannot run. Such
as, if the political situation is worsens, the investor not sure to invest in Thailand. Even our
company what located in Thailand. It makes sluggish economy.
- Technology risk
The home bakery market was heavily influenced by Japanese bakery products and
technologies. How we keep to develop our product as a big one in competitive market. Develop
technology could affect with our business. Technology will follow us to reduce the power, cost,
and time of production. Production output may better also. High technologies give us advantages
than competitors.
- Product
The addictive nature our breads and other goodies, is in the natural fermentation process
and natural ingredients, as well as creation.
- Marketing &Selling
More than a form of staple food.
- Economic
Economic system is importance to control everything then if system fail power of
purchase is less , if system is good power of purchase and payment has good.
- Customer need analysis
Customer needs analysis is used in a variety of product and brand management contexts,
including Concept Development, development of the Core Product Concept, Product
Development, Value Analysis.
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- Direct Financial Risks
Failure to manage the people aspects of a business effectively therefore exposes the
organization to unnecessary financial costs through fines and/or legal fees. In some areas of
employment law; sex and race discrimination for example, there are no limits to the fines that the
law can impose.
- Indirect Financial Risks
More difficult to manage and control are the indirect costs associated with managing an
alienated workforce. These include increased management time and effort, rising absenteeism,
and declining employee performance.
- Competitive factors
Competitive advantage to exist prior to an established relationship. No matter what you
are selling, defining your target market and maintaining a strong position to attack that market is
vital for success.
Cost is simple
It’s the price you are charging for your product or service. What will your product or
service cost? All too often people are under the impression that the cheaper the product is, the
more likely it is to sell. While that is partially true, companies that only compete on cost
generally don’t offer a quality product. Who competes on cost: Dollar stores, distributors, larger
companies pursuing higher volume and lower profit margins.
Quality & Accessible
We cannot risk damaging the reputation of our quality, which is crucial to establishing a
tradition and maintaining our brand. The general public does know what to think in terms of
quality. The common viewpoint is that the higher the quality the better. The quality that is
generally assessed is in relation to the standard of excellence. From an engineering standpoint,
the quality of a product relates to the elimination of variability. If a product goes out the door the
same way every time it is a “quality” product. If each time a part is ordered it has a high degree
of variation, it is be considered a low-quality product. This extends also to the customer service
you provide.
http://www.shyentrepreneur.com/general-business-principles/factors-of-competitive-advantage/
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8.2 Internal factors risk
- Staff or employee factor
May need a lot of employees. Directly make the goods with a short shelf life at the shops
like a bread, cake. but items with a longer lifespan all the ice cream are prepared at a factory in
Chiang Mai factory.
Risk
Fast-growing companies usually have big dreams but operate with small staffs a recipe
for overwork. Overworked employees are prone to make errors and omissions, provide poor
customer service and show low productivity. Employees who see overwork as a permanent
situation may become resentful, see it as poor management and seek work elsewhere.
Risk
The loss of a key person can be devastating. In a small company, each person is essential
since they often serve as an entire department, performing multiple roles. Key employees may
oversee as well as execute. The assistant to the business owner may answer phones and serve as
office manager. A sales director may manage day-to-day client relationships as well as oversee
production. The loss of that person for two weeks on jury duty may require the business owner to
step in, disrupting new business development and hurting future receivables. The damages are
greater when key employees resign. Large companies buy key person insurance for top
executives, but that often is not feasible for smaller businesses.
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Chapter 9
Summary
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Nowadays, as the market share in Thailand ice-cream homemade business still one of
the businesses that many people also need. They will face with a variety of ice-cream flavors
and a lot of type deserts. The specialty of I Tim and Desert sweety shop is all of ice-cream is
daily fresh. All ingredients to make ice-cream are 100 percents made in Thailand [Fruits and
any mixers]. In finally, the shop hope to give joyfulness and satisfy to all of customers with
the best services as much as possible.
9.831
11.925
9.2747
8.37828.1174
11.1981
10.6602
10.5624 10.7254
9.1606
8.5249
8.7368
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
1 2 3 4 5 6 7 8 9 10 11 12
Per
cen
tage
Year 1
12.958512.8607
12.1598
11.57311.3611
13.3163
12.7955
12.6977
12.2087
11.605611.3774
11.1492
10
10.5
11
11.5
12
12.5
13
13.5
1 2 3 4 5 6 7 8 9 10 11 12
Per
cen
tage
Month
Year 2
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13.8876
14.3277
13.4475
12.9585
12.2087
14.6211
14.1647
14.6537
13.7898
13.4149
13.20312.8607
0
2
4
6
8
10
12
14
16
1 2 3 4 5 6 7 8 9 10 11 12
Pe
rce
nta
ge
Month
Year 3
13.4149
14.8819
15.0612
14.2788
14.2462
15.7163
16.0163
16.6749
15.9163
16.0163
13.916313.7163
0
2
4
6
8
10
12
14
16
18
1 2 3 4 5 6 7 8 9 10 11 12
Per
cen
tage
Month
Year 4
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According to the sale forecasting it can conclude that the average income of the total
60 month will be approximate 134,879 baht per month and the seasoning sale will be shown
as the following but the sharp decrease in sales this happened because it is summer season.
The total of marketing expense is 40,500 baht and these will help I Tim and Desert
sweety shop to reach the sale forecast as also this marketing expense are used to the support
through the strategy that are specially selected to use in the effort to maintain the high volume
of sales and customer demand.
15.419816.0881
17.1467
15.061214.3277
17.3595
20.2935
18.6635
19.5274
16.935716.1696
15.7295
0
5
10
15
20
25
1 2 3 4 5 6 7 8 9 10 11 12
Pe
rce
nta
ge
Month
Year 5
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As we opening I Tim and Desert sweety shop and selected the located at Malin Plaza front of
Chiang Mai University. And these are the list in investing on shop as the following.
No. Descript No.
Product Price/Unit Total
1. Ice cream maker 1 170,000 170,000
2. Ice cream freezer 1 94,448 94,448
3. Ice cream tray 10 380 3,800
4. Ice cream scoop 3 220 660
5. Measuring scales set 1 342 342
6. Bottle Vase 11 120 1,320
7. Ice cream cups 150 3 450
8. Ice cream spoons 100 0.18 18
9. Calculator 2 1,590 3,180
10. Pens 4 5 20
11. Paper note 100 0.5 50
12. Stamp sticker 2 75 150
13. Name and price tag 10 1.9 19
14. Board menu 2 650 1300
15. Napkins uniform 2 180 360
16. Nesco toast bread 1 850 850
17. Tsunami bowl 20 23 460
18. Melamine spoon 20 7.50 150
19. Paper tray 100 0.90 90
20. Fork 20 10 200
21. Tissue papers 6 10 60
22. Cup 20 39 780
23. Glass 25 35 875
24. Tray 3 80 240
25. DVD player 1 890 890
26.
Magazine - Seventeen
- Ray
- In magazine
- Lisa
1
80
90
50
45
265
27. Washing 1 50 50
28. Coconut 3 160/kg 480
29. Cantaloupe 3 19/kg 57
30. Banana 3 165/kg 495
31. Lynches 4 90/kg 360
32. Lemon 10 5 50
33. Strawberry yam 2 107 214
34. Syrup 2 38 76
35. Egg 40 3.5 140
36. Half and half milk 4 158 632
37. Fresh milk 10 39 390
38. Whip cream 3 250 750
39. Matcha Green tea powder 1 450 450
40. Thai tea powder 1 120 120
41. Sugar 3 23 69
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42. Salt 1 10 10
43. Ice 20 0.5 10
44. Vanilla 10 30 300
45. Vanilla Flavor 2 60 120
46. Dextrose sugar 1 205 205
47. Soluble fiber 1 205 205
48. Milk protein 1 140 140
49. Butterfly Pea sticky rice ½ 149 74.50
50. Sweet corn 1 15 15
51. Grass jelly 1 50 50
52. Black bean 1 34 34
53. Palm seed 1 55 55
54. Pea nut 1 13 13
55. Salim 1 44 44
56. Bread cut 1 40 40
57. Condensed milk 5 23 115
58. Bread 5 19 95
59. Best food margarine 1 70 70
60. Banana jam 1 44 44
61. Chocolate jam 1 44 44
62. Marmalade jam 1 44 44
63. Strawberry jam 1 44 44
64. Blueberry jam 1 44 44
Total 765 287,126
And the total loan amount will be equal 500,000 baht.
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The table below shows the payment on interest and principal deduction.
Period Year
Installment
Principle Accumulat
e Interest Interest
Paid
Installment
Paid Total
0 ฿500,000
1 1 2,604 8,521 11,125 ฿607,375 2,604
2 1 2,542 8,583 11,125 ฿598,792 5,146
3 1 2,479 8,646 11,125 ฿590,146 7,625
4 1 2,415 8,710 11,125 ฿581,436 10,040
5 1 2,350 8,775 11,125 ฿572,661 12,390
6 1 2,283 8,842 11,125 ฿563,819 14,673
7 1 2,214 8,911 11,125 ฿554,908 16,887
8 1 2,143 8,982 11,125 ฿545,926 19,030
9 1 2,045 9,080 11,125 ฿536,846 21,075
10 1 1,933 9,192 11,125 ฿527,654 23,008
11 1 1,809 9,316 11,125 ฿518,338 24,817
12 1 1,674 9,451 11,125 ฿508,887 26,491
13 2 1,537 9,588 11,125 ฿499,299 28,028
14 2 1,342 9,783 11,125 ฿489,516 29,370
15 2 1,291 9,834 11,125 ฿479,682 30,661
16 2 1,241 9,884 11,125 ฿469,798 31,902
17 2 1,192 9,933 11,125 ฿459,865 33,094
18 2 1,144 9,981 11,125 ฿449,884 34,238
19 2 1,097 10,028 11,125 ฿439,856 35,335
20 2 1,051 10,074 11,125 ฿429,782 36,386
21 2 1,006 10,119 11,125 ฿419,663 37,392
22 2 962 10,163 11,125 ฿409,500 38,354
23 2 919 10,206 11,125 ฿399,294 39,273
24 2 877 10,248 11,125 ฿389,046 40,150
25 3 836 10,289 11,125 ฿378,757 40,986
26 3 795 10,330 11,125 ฿368,427 41,781
27 3 755 10,370 11,125 ฿358,057 42,536
28 3 716 10,409 11,125 ฿347,648 43,252
29 3 678 10,447 11,125 ฿337,201 43,930
30 3 641 10,484 11,125 ฿326,717 44,571
31 3 605 10,520 11,125 ฿316,197 45,176
32 3 570 10,555 11,125 ฿305,642 45,746
33 3 536 10,589 11,125 ฿295,053 46,282
34 3 503 10,622 11,125 ฿284,431 46,785
35 3 471 10,654 11,125 ฿273,777 47,256
36 3 440 10,685 11,125 ฿263,092 47,696
37 4 410 10,715 11,125 ฿252,377 48,106
38 4 381 10,744 11,125 ฿241,633 48,487
39 4 353 10,772 11,125 ฿230,861 48,840
40 4 326 10,799 11,125 ฿220,062 49,166
41 4 300 10,825 11,125 ฿209,237 49,466
42 4 275 10,850 11,125 ฿198,387 49,741
43 4 251 10,874 11,125 ฿187,513 49,992
44 4 228 10,897 11,125 ฿176,616 50,220
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And these are the financial ratio analysis of the I Tim & Desert Sweety Shop
45 4 206 10,919 11,125 ฿165,697 50,426
46 4 185 10,940 11,125 ฿154,757 50,611
47 4 165 10,960 11,125 ฿143,797 50,776
48 4 146 10,979 11,125 ฿132,818 50,922
49 5 128 10,997 11,125 ฿121,821 51,050
50 5 111 11,014 11,125 ฿110,807 51,161
51 5 95 11,030 11,125 ฿99,777 51,256
52 5 80 11,045 11,125 ฿88,732 51,336
53 5 66 11,059 11,125 ฿77,673 51,402
54 5 54 11,071 11,125 ฿66,602 51,456
55 5 43 11,082 11,125 ฿55,520 51,499
56 5 33 11,092 11,125 ฿44,428 51,532
57 5 25 11,100 11,125 ฿33,328 51,557
58 5 19 11,106 11,125 ฿22,222 51,576
59 5 15 11,110 11,125 ฿11,112 51,591
60 5 13 11,112 11,125 ฿0 51,604
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Liquidity Ratios Y1 Y2 Y3 Y4 Y5
Current Ratios = Total Current Assets = 809,997 = 1,806,630 = 2,822,809 = 4,000,222 = 5,073,166
Total Current Liabilies 76,423 76,423 76,423 76,423 76,423
=10.59 = 23.63 = 36.93 = 52.34 = 66.38
Quick Ratio = Current Asset-Inventory = 816,095 = 1814328 = 2830507 = 4,007,920 = 5080864
Total Current Liabilities 76,423 76,423 76,423 76,423 76,423
=10.67 = 23.74 = 37.03 = 52.44 = 66.48
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Efficiency Ratios Y1 Y2 Y3 Y4 Y5
Inventory Turnover = Cost of Goods Sold = 448200 = 448200 = 448200 = 448200 = 448200
Average Inventory 6,098 7,698 7,698 7,698 7,698
= 73.49 = 58.22 = 58.22 = 58.22 = 58.22
Inventory Period = 365 = 365 = 365 = 365 = 365 = 365
Inventory Turnover 73.49 58.22 58.22 58.22 58.22
= 4.96 = 6.26 = 6.26 = 6.26 = 6.26
Total Assets Turnover = Sales = 87,368 = 111,492 = 128,607 = 137,163 = 157,295
Total Assets 1,079,155 2,075,788 3,091,967 4,269,380 5,342,324
= 0.08 = 0.05 = 0.04 = 0.03 = 0.02
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Profitability Ratio Y1 Y2 Y3 Y4 Y5
= 74,142
Gross Profit Margin = Sales-Cost of Goods Sold = 50,018 = 91,257 = 99,813 = 119,945
Sales 1,170,947 1,460,635 1,635,379 1798557 2027222
= 4.27% = 5.07% = 5.58% = 5.54% = 5.91%
Net Profit Margin = Net Profit = 579,155 = 1422942 = 2,439,121 = 3616534 = 4,689,478
Sales 1,170,947 1,460,635 1,635,379 1798557 2027222
= 49.46 = 97.41 = 149.14 = 201.07 = 231.32
Operating Profit Margin = Operating Profit = 147346 = 212543 = 236140 = 263987 = 259,432
Sales 1,170,947 1,460,635 1,635,379 1798557 2027222
= 12.58 = 14.55 = 14.43 = 14.67 = 12.79
Return on Assets = Net Profit = 579,155 = 1422942 = 2,439,121 = 3616534 = 4,689,478
Average on Assets 1,079,155 2,075,788 3,091,967 4,269,380 5,342,324
= 53.66 = 68.54 = 78.88 = 84.70 = 87.77
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Leverage Ratio Y1 Y2 Y3 Y4 Y5
Debt Ratio = Total Liabilities = 500,000 = 576,423 = 576,423 = 576,423 = 576,423
Total Assets 579,155 1422942 2,439,121 3616534 4,689,478
= 0.86 = 0.40 = 0.23 = 0.15 = 0.12
Times Interest-earned Ratio = Net Income = 579,155 = 1422942 = 2,439,121 = 3616534 = 4,689,478
Annual Interest Expense 31248 32496 33744 34992 34992
= 18.53 = 43.78 = 72.28 = 103.3532 = 134.01
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Current ratio
Will increase every year the higher current ratio show that I Tim and Desert Sweety
shop I Tim and Desert Sweety shop capable in paying back the profit
Quick ratio
Is viewed as a sign of company's financial strength or weakness.
Inventory turnover ratio
Measures the number of times, on average, the inventory is sold during the period.
Total asset turnover ratio
This is a measure of how well assets are being used to produce revenue.
Gross profit margin
Show remains from sales after a company pays out the cost of goods sold.
Net profit margin
This number is an indication of how effective a company is at cost control. The higher
the net profit margin is, the more effective the company is at converting revenue into actual
profit.
Operating profit margin
Indicates how effective a company is at controlling the costs and expenses associated
with their normal business operations.
Return on asset
A measure of a company's profitability, equal to a fiscal year’s earnings divided by its
total assets, expressed as a percentage.
Debt ratio
This will tell you how much the company relies on debt to finance assets. In general,
the lower the company's reliance on debt for asset formation, the less risky the company is
since excessive debt can lead to a very heavy interest and principal repayment burden.
The times interest earned ratio
Is an Indicator of a company’s ability to meet the interest payments on its debt. The
higher the times interest earned ratio, the more likely it is that the corporation will be able to
meet its interest payments
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Income statement
Had shown the operation results of the I Tim and Desert Sweety shop over 60 months.
It matches the income and the expense in the same period, and I Tim and Desert Sweety shop
can calculate the net profit in the period of time. The important thing about an income
statement is that it represents a period of time. This contrasts with the balance sheet, which
represents a single moment in time.
Balance sheet
Are the summarizes a I Tim and Desert Sweety shop assets, liabilities and
shareholders' equity at a specific point in time. These balance sheets give investors an idea as
to what the I Tim and Desert Sweety shop owns and owes, as well as the amount invested by
the shareholders.
Cash flow refers
To the movement of cash inflow and cash outflow of I Tim and Desert Sweety shop.
It is usually measured during a specified, finite period of time. Measurement of cash flow can
be use to determine a project's rate of return or value. The time of cash flows into and out of
projects are used as inputs in financial mode
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Reference
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Reference
http://service.nso.go.th/nso/nsopublish/districtList/page1.htm
http://www.ddproperty.com/property/%E0%B9%80%E0%B8%8B%E0%B9%89%E0%B8%87%
E0%B8%A3
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http://www.satitcmu.ac.th/index.php/satitcmu-intro-school.html
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http://www.positioningmag.com/prnews/prnews.aspx?id=89730
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2007&group=2&gblog=2
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id=f519f8012cc28f8a4cf82369cc6a84ae
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http://www.welovebakery.com/store/product/view/1-19718486-th.html
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http://www.missicecream.com/product-th-553580-4612665+7BIF.html
http://www.clubsweety.com/machines_list.php?id=6
http://i-timlover.tripod.com/page3.htm
http://www.tinyzone.tv/FoodMenuDetail.aspx?ctpostid=3219
http://kuruma.exteen.com/20100418/how-to
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http://www.icecreamfanclub.com/tag/article/
http://www.aroiho.com/2012/
http://www.icecreamfanclub.com/index.php?mo=3&art=41991296
http://www.tei.or.th/w_cc/ACCCRN/2012-ACCCRN_CR_eng.pdf
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http://nutriliciousdesserts.weebly.com/desserts.html
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https://www.facebook.com/yingdeaw.homemade
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http://www.sestoicecream.com/
http://www.icecream-chiangmai.com/
https://www.facebook.com/johoneyicecream/
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http://www.recipetips.com/kitchen-tips/t--1381/types-of-homemade-ice-cream.asp
http://chinesefood.about.com/od/southeastasian/r/coconutice.htm
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http://www.wisegeek.com/what-are-black-beans.htm
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chid.html
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http://www.nutrition-and-you.com/peanuts.html
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http://www.fitday.com/fitness-articles/nutrition/healthy-eating/the-nutrition-of-taro.html#b
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http://molometer.hubpages.com/hub/Strawberries-health-benefits
http://www.buzzle.com/articles/health-benefits-of-blueberries.html
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Appendix
Coconut milk ice cream
Matcha green tea ice cream
Thai tea ice cream
Ice cream
39bath/scoop
Free 2 topping
***Buy 50 baths up get 1 stamp >>>10 stamps can get free 1 menu .
Promotion in the winter season buy 3 scoops and get free 1 scoop.
Pinky milk ice cream
Cantaloupe ice cream
Yogurt low fat ice cream
Lynches ice cream
Banana ice cream
Strawberry low fat ice cream
Milky creamy ice cream
Butterfly Pea sticky rice Sweet corn Grass jelly
Black bean Palm seed Pea nut
Salim Bread Condensed milk
Syrup
free syrup
Margarine
Banana jam
Chocolate jam
Marmalade jam
Strawberry jam
Blueberry jam
Bai touy jam
Condensed milk
Sugar
Hot Thai tea
Hot Milk
Hot green tea
Hot drink
20 Bath
Nam Kheng Sai
Nam Kheng Sai
+ Ice cream
Dessert
+ Ice cream
Bread toast
+ Ice cream
Match one ice cream +
one menu in 59 bath.