Kasalong thai-massage

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Preface

This Project is a part of 1203302 Project Feasibility Study and Evaluation Course in

the second semester of 2011. In this project is studying the feasibility of Massage for

treatment business in Chiang Rai, which is include generally of treatment massage business,

management in business, competition analysis and marketing feasibility, the process in

treatment massage business, the financial feasibility of treatment massage business, and risk

of treatment business.

This project makes everyone who interested to get knowledge and information about

treatment massage business before make decision to investment, including

preoperational process and operation process of treatment massage business, for the benefit to

investment and profit of doing this treatment massage business.

We expect that our project will provide benefit more and more interested person,

moreover, if they are any error in this project or whatever, our ground made an apology at

this opportunity.

Group members

Ms. Wasucha Jaturapornchatchai

Mr. Sukrit Atsuthi

MS. Jiraporn Sarasuwan

Ms. Pattana Chimpalee

Ms. Kingtean Kratumnud

Mr. santi Jaroensusombat

Mr. Atiwan Sangcom

Ms. Orapan Kaewpradub

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Content

Preface .................................................................................................................................................... 1

Content .................................................................................................................................................... 3

Chapter 1........................................................................................................................................... 5

Introduction ............................................................................................................................................. 5

1.1 Background and Significance of the Project ..................................................................................... 6

1.2 Project objectives .............................................................................................................................. 7

1.3 Benefits of project ............................................................................................................................. 7

Chapter 2 ................................................................................................................................................. 8

Industry Profile ....................................................................................................................................... 8

2.1 Nature of Industry ............................................................................................................................. 9

2.2 Situation of industry ........................................................................................................................ 10

2.3 Product and Service ........................................................................................................................ 11

Chapter 3 ............................................................................................................................................... 13

Marketing Feasibility Study .................................................................................................................. 13

3.1 Market analysis ............................................................................................................................... 14

3.2 STP analysis .................................................................................................................................... 20

3.3 Marketing mix strategies (4P) ......................................................................................................... 20

3.4 Sale forecast year 1 ..................................................................................................................... 21

3.5 Marketing Expenses (Sales Incentive) ............................................................................................ 34

Chapter 4 ............................................................................................................................................... 35

Investment ............................................................................................................................................. 35

4.1 Product ............................................................................................................................................ 36

4.2 Cost of Investment .......................................................................................................................... 56

4.3 Deprecation ..................................................................................................................................... 66

Chapter 5 ............................................................................................................................................... 77

Operations ............................................................................................................................................. 77

Chapter 6 ............................................................................................................................................... 81

Administration ...................................................................................................................................... 81

Expend .................................................................................................................................................. 93

Chapter 7 Financial Analysis ................................................................................................................ 94

Chapter 8 ............................................................................................................................................. 175

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Risk Management ............................................................................................................................... 175

8.1 Risk analysis .................................................................................................................................. 175

8.1.1 External Forces ........................................................................................................................... 176

8.1.2 Internal risk ................................................................................................................................ 178

Chapter 9 ............................................................................................................................................. 181

Summary ............................................................................................................................................. 181

Summary of project feasibility study .................................................................................................. 182

Appendix ............................................................................................................................................. 186

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Chapter 1

Introduction

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1.1 Background and Significance of the Project

Thai massage is the best knowledge of Thailand. It has many histories, tradition of

Thai people at a long time. It has most important of Thai medicine such as therapy from the

pass until now. Thai massage is cultural and the way of life that Thai people use to take care

in their family. Back to King Rama 1, he would inscribe about Thai massage for general

people who study on it. This is make “we are authority of traditional massage” of Thailand

(2009, Yes Spa (Thailand) Company Limited). Next to King Rama 5, royal create Sirirat

Hospitality, it has a course of Thai medicine and makes the textbook of Thai medicinei

In that time most of people have a lot of problems about aches and serious. Thai

massage is high quality to cure customer. Most of customer will come to relax 40.9%, for test

4.55%, health care 17.04%, concern of Thai tradition 4.55%, introduce by friend 7.95%,

therapy 22.73%, and each 2.27%. From sex separate by male 48% and female 52%. From age

separate by 21-30 year old 56%, 31-40 year old 16%, 41-50 year old 24%, and more than 50

year old 4%. From average of income separate by less than 10,000 bath 50%, 10,001-20,000

bath 26%, 20,001-30,000 bath 16%, 30,001-40,000 bath 4%, 40,001-50,000 bath 0%, more

than 50,000 bath 4%ii

Chiang Rai province has total population of 1,198,218 people (2010, Department of

Local Administration). So Chiang Rai is slow down, but cannot effect to this business.

Because Thai massage business use process about nature and herd to medicine, this is good

for heal and low price to use this service. Customer will relax when they use this service and

can get this service whatever they want. For this our business name is Kasalong Thai

massage. We will show strength about Thai culture to provide Thai people and foreigner. For

Thai people we will let them close with nature to make them forget their pain and serious. For

foreigner we will contract with travel agency in Chiang Rai to make promotion on travel trip,

we will make foreigner understand about Thai tradition and Thai medicine that their ever

seen. For staff we will provide who have knowledge to professional and have bachelor degree

about Thai medicine only. Rim Kok is river side and the best located in this province so this

is the suitable place for us to launch our company in order to attack our customers, near water

and nature, and it is the center of economic in Chiang Rai. Many of customers always come

to travel, spend their money at this place especially in festival period, and tourism industry in

Chiang Rai. There are GPP Market Prices 43,586 million baths. People have high costs of

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living so they will have power purchase to spend their money for relaxation. Because they

have revenue per capita 34,287 baths (2006, The Office of the Maritime Promotion

Commission Chiang rai), there are many attractions that can attract lot of tourists in each

year. It is not surprising that Thai massage business will grow hostile to the economic

slowdown and the health become a factor in life already. Therefore, no matter that the

economy will not work, people still would be concern about health, and Thai massage to be a

best choice for them.

From these reasons, allowing the group members interested to study the possibility of

Thai massage business in Chiang Rai. We will make process to do this business will be

successful.

1.2 Project objectives

To study about to do the good project.

To analysis about marketing of this project such as economics, risk, opportunity,

customer, and the competitor.

To learn about techniques of Thai massage think it real and make it possible for to do

business success.

To evaluates the business practices in the various area.

To Summary of the feasibility of Thai massage business.

1.3 Benefits of project

To study about Thai massage business.

To study about marketing and financing of Thai massage business.

To study about the technical and management process of Thai massages business.

To study about competitor of Thai massage in Chiang Rai.

To understand about customer behavior in Chiang Rai.

To understand about how to connect with other business such as Travel agency.

To understand about how to approach of project case study for successful.

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Chapter 2

Industry Profile

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2.1 Nature of Industry

Thai Traditional massage is a valuable and indigenous body of wisdom from our Thai

ancestors. It was seen that Thai massage had an important role for treatment from the past

until now. It was believed that Thai massage was originated to cure themselves within the

family, for example, husband giving massage to his wife, children giving massage to their

parents and grandparents. They gave a massage by using parts of the body such as elbows,

knees and feet to self-massage, In addition, Thai-style exercise (Rue See Dad Ton) was used

to adjust anatomy by oneself easily. Due to the fact that they had the knowledge of massage

within the family, they could give a massage to neighbors. Finally the clients or patients

trusted that Thai massage was a popular, efficient and respectable way of curing, and it

became one of the most famous occupations.

From the historical evidence on stone inscriptions, it was found that Thai massage

was used to treat some illnesses from Sukhothai period in the reign of King Ramkamheang.

However, Thai traditional medicine, especially Thai massage, was most prosperous in

Ayutthaya period in the reign of King Narai. The evidence of Lalubaire’s dispatch indicated

that the Siamese used Thai massage to cure some illnesses, to relieve pain or to give birth

easily. Rattanakosin period, Thai traditional medicine was descended from Ayutthaya period.

During the war some document and textbooks were vanished, however, a lot of folk healers

still existed in the rural area, In the reign of King Rama I, 80 statues of hermit, Thai – style

exercising and the inscription of Thai traditional massage were created at Wat Po (Medical

School) In the reign of King Rama IV, the textbooks of Thai traditional massage and

traditional medicine were reviewed and revised. After western medicine came into Thai

society in the reign of King Rama VI, Thai traditional massage had been neglected from the

royal palace. But folk massage had still an important role for villagers.iii

As modern medicine became popular in the West, the practices began to make their

way to the East as well. Traditional medicine was used less and less, especially in the cities.

Although this modern medicine was able to do many things that traditional medicine could

not, it became clear that there was a downside to the use of so many chemicals. For this

reason in 1985 the Thai government launched the Thai massage revival project. By the mid

1990’s Thai massage was back in the forefront and began attracting international attention.

Now Thai massage is increasing in popularity at spas and wellness centers across the world.iv

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Product life cycle: Introduction : we launch in 2011 as a new of Thai massage circle

thus in earliest stage we can't be the top brand immediately thus we aim at to create the trust

to customer with the first ten members will receive free treatment for certify that we can heal

the ailments of customer. Growth: We have the masseurs that have the certificate of art for

massage that we can heal the ailment truly. Arise from our company have high capability and

from the word of mouth of customer it's affect to increase the customer member. Maturity:

When we have high member that customer will became the royalty customer so it's effect to

our company toward to most profitable stage. Decline: In the period of degenerate of building

or equipment and the masseur it's effect to decrease the customer in the future.

2.2 Situation of industry

Information from the public health of the Thai Traditional Medical Services from

2003-2008 is divided into four sectors based on annual data broken down by age group,

gender, etiology, and the service you deserve. The results showed that both females and four

males had been more than about three times the age group between 41 - 60 years followed by

60 years and less than 15 years were treated in the least. Diseases and symptoms that were

treated in the most low back pain, waist and hips, followed by a similar headache, neck and

shoulder pain, knee and foot, with only Year and the Year 2000-2002 who served in the

region was 50 percent of the dermatology service at the most, followed by massage, treatment

and rehabilitation of traditional herbs.

From the circumstances of the illness during the year 1991-2005 Office of National

Statistics found that people with medical conditions associated with respiratory disease.

Diseases of the musculoskeletal system and connective tissue disorders and gastrointestinal

system if the trends of the illnesses that people with cardiovascular illness situations it's effect

to diseases of the endocrine and neurological health (Thailand Health Profile 2004-2006:

Ministry of Health. Office of Policy and Strategy) this result, many people more pay attention

to health care. Thai massage is an alternative therapy, health, and the current trend. And from

statistics of Department of Health and the study of art from the Social Services Department of

Health have increasing of health professor of Thai massage are 528 people in year 2009 add

from year before 332 people. So the health professor up to 196 people that's the show of the

growth of this business.v

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2.3 Product and Service

Product

At Kasalong massage has Lobby, bed for a massage, Chair massage, Showers and

changing rooms.

-Lobby decorated in Thai Lanna style. Customers can view the Kok River for comfort

and relaxation.

-Home for massage have 5 units. Home for massage decorated in Thai Lanna style

near Kok River.

Bed massage for 20 people.

Chair massage for 10 people.

All beds and chairs are placed facing the Kok River. Every bed and every chair has a

white curtain between the beds or chairs for privacy.

Service

-The massage divides 3 main groups.

1. The customers who have health problems such as:

- Dejectedly pillow.

- The shoulder problem.

- Aches and sprains.

- Paralysis.

- Etc.

2. Massage with herbal ball

- When customer come to massage front office greeting and invite customer

to seat and living in guest room.

- Front office ark and present about service.

- Front office contract with massager to serve massage to customer and set

the custom to customer. If customer chooses Thai massage and take

customer in massage house.

- Massager takes the massage to customer.

- Front office serve tae set to customer and take the bill to customer.

3. The customers who want foot massage for health.

The benefits of foot massage.

- To eliminate the pressure and tension on the muscle.

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- Contribute to the breakdown of stress relaxation.

- It is the detoxification of the skin.

- To stimulate the blood circulation to all parts of body.

- Stimulates the nervous system.

- Adjusting the balance of the tissues.

- Increase power and performance of internal organs.

- Help the brain relax and sleep more easily.

- To increase brain power and memory problems.

- Treatment or alleviation of discomfort and illness.

- The first when a customer comes to kasalong massage. Staff will be collecting information

of customers for the safety because massage is not recommended for certain people:

Infectious skin disease, rash, or open wounds

Immediately after surgery

Immediately after chemotherapy or radiation, unless recommended by your doctor

Prone to blood clots. There is a risk of blood clots being dislodged. If you have heart

disease, check with your doctor before having a massage

Pregnant women should check with their doctor first if they are considering getting a

massage. Massage in pregnant women should be done by massage therapists who are

certified in pregnancy massage.

Massage should not be done directly over bruises, inflamed skin, unhealed wounds,

tumors, abdominal hernia, or areas of recent fractures.

- Kasalong massage will provide free basic health check such as Measurement

of weight, Measurement of lipid levels, and Measurement of pressure.

- Before massage, we offer free herbal drinks.

- Customers will be given for a change of clothes before the massage.

- We will have a cabinet for storage of the essence.

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Chapter 3

Marketing Feasibility

Study

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3.1 Market analysis

General Environmental Analysis

Environment in genera the external factors that affect the business strategy cannot

control the environment in general Therefore the development environment itself, in general,

it is difficult to forecast accurately General environment of mutual respect. The external

factors that can affect the strategy of the business include (PEST) Politic & Legal, Economic,

Socio-cultural and Technology.

Changes and trends in environmental conditions for this topic this causes difficulties

in doing business for the higher interest rates would cause further damage to the house and

cars Environment of competition will determine the nature of competition between

businesses in the industry. The management will influence the competitive environment.

Development trends in the competitive environment will be used to predict the level of

accuracy. However, the industry has a high rate of technological change will vary greatly.

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Political Factors

Now days the government has to support about Thai massages and provide open

about Thai Massage in the hospital around the country by intend to more than 10% by specify

give the hospital administrators all of the knowledge of at least 20, ministry of health to focus

on policies to promote the use of Thai traditional medicine and alternative medicine in the

system, health services at all levels is an important policy to accelerate the implementation of

article 16 and then the rights issue, the government can issue a medicine certificate on the

field of medicine. vi

Economic Factors

Now a day’s found that the people use of treatment massage increased to 47% the

numbers are very high when compared to primary medical services in the same year. Even in

a hospital in the state, the department of Thai traditional medicine it is the department that the

money is from a hospital because at this time the Thai massage is popular in group people

need to sick about body which treatment massage a better than modern medicine it do not

harm to body but modern medicine is not to body in a long time. So it makes a good for

economic of our business.vii

Socio-cultural Factors

Behavior factors of customer are internal variables and external variables

Motivation - most people have sick about body and need to treatment

completely cured

Attitude - in this time people select use treatment massage more than modern

medicine because it better result

Culture - most Thai people have working about use power of body about

middle age need to treatment massage

Social class - group of people have different income or occupation, everyone

can come to services

Family - people in family are sick and need to treatment massage

Technological factors

Factors and information technology is critical to business today while routing the

development of products and services are based on the changes. Our business uses the

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technology about management in financial, system service, and management team, for data

and develops business to growth. Have a little risk when use technology management.

Customer Analysis

The target group of ours are working people, older person, and sick people want to

help about treatment, the customer to like massage for help treatment for heath and relax my

customer is the general in Chiang Rai can come to use service every time of our business.

Most are female age between 35-45 years.

Competition Analysis

Thai massage businesses in the hospitality industry is a growing business in the

future, but this business is more competitive because it is easier to do business and is already

popular with customers.

Competitor Analysis

In Chiang Rai has a lot of Thai massage and spa. They have the same service our and

price, time of massage too. But our have the different in Osteopath is having to knowledge in

Thai massage etc.

Direct Competitor

1) School of Traditional and Alternative Medicine at Chiang Rai Rajabhat

University

It is School of Chiang Rai Rajabhat University the research potential of the

indigenous ethnic groups in the health of the Upper North. The support of the National

Culture Commission (Office of the National Culture Commission) was studied in

depth potential of cultural. This Institute is open for study and to public come to service about

treatment and relaxes but can not to service it fully because it is a teaching institution.

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viii

2) Mae Fah Luang University Hospital

It is Applied Thai Traditional Medicine the treatment method of Thai

massage and holisticassessment, diagnosis, treatment and prevention. Health

promotion and health in a way similar to the compression bending to retrieve the hot baking

or other means as the art of Thai massage including the use of drugs under the drug

through the process of traditional Thai medicine according to the standard. Them use

of professional services.

Thai massage treatments such as

-Headache (migraine).

-Headache, insomnia.

-Neck (pillow dejectedly).

-Shoulder pain, shoulder.

-Back for elbow pain.

-The elbow.

-Back pain (mean pain in the upper - lower).

-Knee pain.

-Ankle pain.

-Heel pain.

-Palsy, paralysis (arms, legs, face half).

-Period cramps

-in the lock.

-Hand numbness and pain in the tendon sheath coating thickness.

-Leg pain, hip tea.

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3) Chiang Rai Prachanukroh hospital

It is Applied Thai Traditional Medicine the treatment method of Thai massage,

massage therapy by with the government directly. There are Thai massage is a linear

massage is a health care by reducing the tension of the nerves, muscles and joints,

stimulate blood flow to different parts of the body

with more allows the use of pain relief such as

back pain, scapula-shoulder tea-arm pain,

dizziness, chronic leg. The main focus is health

care patients to the best of both preventive and

therapeutic rehabilitation. This hospital has the

service same to our business stress on treatment

massage and then have about relaxed massage, but our business have a good aura of

environment style art of Thai massage like Lan Na.x

Indirect Competitor

There are the competitor who compete with us by select the different

target market and the characteristic of their product and service is difference from our that

our is treatment massages but them is general massage we will know that in Chiang Rai there

are many kind of massage and spa follow;

- Ausapron Thai Massages

This business is small shop, not have natural for

massage, and high price more than our business

but this shop same location is near Kok River.xi

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- Aumpron Thai Massages

This business is small shop, not have natural

for massage, location is far our but they are

same Thai Lanna style.xii

- Wangcom massage

This business is small shop, not have

natural for massage and location difference

districtxiii

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3.2 STP analysis

Market segmentation- s

There are two groups of our customers, these groups comprise;

- People who want to treatment massage.

- People who want to foot massage.

Target market- T

We divided the target customers in two groups, including patients who want to get

treatment massage and who want to get foot massage.

Positioning- P

We provide the position of our product through containing as part of the tour package of

tourist companies in Chiang Rai. And we will arrange our product with hotels that are near

Rimkok river side. Our business is business for making customer’s satisfaction, so we have to

have good quality product and service. We must concern the customers are so importance for

us.

3.3 Marketing mix strategies (4P)

Market mix strategies are referred to product, price, place, and promotion. We will

arrange these parts into our business.

Product - our product is services or intangible product, we have various the massage

methods, and it consists of treatment massage, and foot massage. These are our products that

attract the customers. We have good employees who have certificate paper as part of Thai

massage.

Price- we impose the middle prices of our service, the service expenses are depends on the

methods of massaging. Treatment massage, its cost about 350 baht per hour, foot massage, its

cost about 250 baht per hour.

Place- our shop located at Rimkok river side because there are convenient transportation,

there is a lot of foreign tourists who come to stay in the hotels that are near Rimkok river

side. And there is good of view and atmosphere for people who want to arrange a relaxation.

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Promotion- we will make the brochures for distributing to the radio that are in Chiang Rai

city. And we will advertise through our web site or other media such as radio, poster in

Chiang Rai city.

3.4 Sale forecast year 1

Healthy Massage

Open 09.00 am-20.00 pm.

Price 350 baht/hr

There are 20 tables

Doctors 20 persons

Customers 3 persons/ 1 doctor

Total revenue per day 21,000 baht

Total revenue per month

- Jan 567,000 baht

- Feb 525,000 baht

- Mar 546,000 baht

- Apr 546,000 baht

- May 546,000 baht

- Jun 546,000 baht

- Jul 567,000 baht

- Aug 546,000 baht

- Sep 546,000 baht

- Oct 567,000 baht

- Nov 525,000 baht

- Dec 567,000 baht

Total revenue per year 6,594,000 baht

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Foot massage

Open 09.00 am-20.00 pm.

Price 250 baht

There are 10 chairs

Doctors 10 persons




- Jan 202,500 baht

- Feb 187,500 baht

- Mar 195,000 baht

- Apr 195,000 baht

- May 195,000 baht

- Jun 195,000 baht

- Jul 202,500 baht

- Aug 195,000 baht

- Sep 195,000 baht

- Oct 202,500 baht

- Nov 187,500 baht

- Dec 202,500 baht


Total revenue both healthy massage and foot massage is equal to 6,594,000+ 2,355,000=

8,949,000 baht

Closed every Thursday open 287 days in year 1.

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Sale forecast year 2

Healthy Massage

Open 09.00 am-20.00 pm.

Price 350 baht/hr

There are 20 tables

Doctors 20 persons




- Jan 728,000 baht

- Feb 672,000 baht

- Mar 756,000 baht

- Apr 728,000 baht

- May 728,000 baht

- Jun 728,000 baht

- Jul 756,000 baht

- Aug 728,000 baht

- Sep 728,000 baht

- Oct 728,000 baht

- Nov 728,000 baht

- Dec 756,000 baht


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Foot massage

Open 09.00 am-20.00 pm.

Price 250 baht

There are 10 chairs

Doctors 10 persons




- Jan 260,000 baht

- Feb 240,000 baht

- Mar 270,000 baht

- Apr 260,000 baht

- May 260,000 baht

- Jun 260,000 baht

- Jul 270,000 baht

- Aug 260,000 baht

- Sep 260,000 baht

- Oct 260,000 baht

- Nov 260,000 baht

- Dec 270,000 baht


Total revenue both healthy massage and foot massage is equal to 8,764,000+ 3,130,000=

11,894,000 baht


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Healthy Massage

Open 09.00 am-20.00 pm.

Price 350 baht/hr

There are 20 tables

Doctors 20 persons




- Jan 910,000 baht

- Feb 840,000 baht

- Mar 945,000 baht

- Apr 910,000 baht

- May 910,000 baht

- Jun 910,000 baht

- Jul 910,000 baht

- Aug 945,000 baht

- Sep 910,000 baht

- Oct 910,000 baht

- Nov 910,000 baht

- Dec 945,000 baht


26

Foot massage

Open 09.00 am-20.00 pm.

Price 250 baht

There are 10 chairs

Doctors 10 persons




- Jan 325,000 baht

- Feb 240,000 baht

- Mar 337,500 baht

- Apr 325,000 baht

- May 325,000 baht

- Jun 325,000 baht

- Jul 325,000 baht

- Aug 337,500 baht

- Sep 325,000 baht

- Oct 325,000 baht

- Nov 325,000 baht

- Dec 337,500 baht


Total revenue both healthy massage and foot massage is equal to 10,955,000+3,852,500=

14,807,500 baht


27


Healthy Massage

Open 09.00 am-20.00 pm.

Price 350 baht/hr

There are 20 tables

Doctors 20 persons




- Jan 910,000 baht

- Feb 840,000 baht

- Mar 945,000 baht

- Apr 875,000 baht

- May 945,000 baht

- Jun 910,000 baht

- Jul 910,000 baht

- Aug 945,000 baht

- Sep 910,000 baht

- Oct 910,000 baht

- Nov 910,000 baht

- Dec 910,000 baht


28

Foot massage

Open 09.00 am-20.00 pm.

Price 250 baht

There are 10 chairs

Doctors 10 persons




- Jan 325,000 baht

- Feb 240,000 baht

- Mar 337,500 baht

- Apr 312,500 baht

- May 337,500 baht

- Jun 325,000 baht

- Jul 325,000 baht

- Aug 337,500 baht

- Sep 325,000 baht

- Oct 325,000 baht

- Nov 325,000 baht

- Dec 325,000 baht



14,760,000 baht


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Healthy Massage

Open 09.00 am-20.00 pm.

Price 350 baht/hr

There are 20 tables

Doctors 20 persons




- Jan 945000 baht

- Feb 875000 baht

- Mar 910000 baht

- Apr 910000 baht

- May 945000 baht

- Jun 875000 baht

- Jul 945000 baht

- Aug 945000 baht

- Sep 875000 baht

- Oct 945000 baht

- Nov 910000 baht

- Dec 910000 baht


30

Foot massage

Open 09.00 am-20.00 pm.

Price 250 baht

There are 10 chairs

Doctors 10 persons




- Jan 337,500 baht

- Feb 312,500 baht

- Mar 325,000 baht

- Apr 325,000 baht

- May 337,500 baht

- Jun 312,500 baht

- Jul 337,500 baht

- Aug 337,500 baht

- Sep 312,500 baht

- Oct 337,500 baht

- Nov 325,000 baht

- Dec 325,000 baht



14,915,000 baht


31

First year

Second year

680,000

690,000

700,000

710,000

720,000

730,000

740,000

750,000

760,000

770,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Income

840,000

860,000

880,000

900,000

920,000

940,000

960,000

980,000

1,000,000

1,020,000

1,040,000


Income

32

Third year

Fourth year

950,000

1,000,000

1,050,000

1,100,000

1,150,000

1,200,000

1,250,000

1,300,000


Income

950,000

1,000,000

1,050,000

1,100,000

1,150,000

1,200,000

1,250,000

1,300,000


Income

33

Fifth year

Service for five years

Explanation: Kasalong Thai Massage has less income in the first year because we

started to have Kasalong Thai Massage, and population still not know about the

information of Kasalong Thai Massage. The first year we forecast we get the customers

about 90 Persons/day from January to December in year 1. The number of customers that

we get 90 persons/ day, we refer from interviewing the scientist in Chiang Rai hospital. In

the second year we forecast we will get customers 120 persons/day from January to

December in year 2. When our shop can get more customers, we will gain more revenue

than year 1. In the third year, Kasalond Thai Massage can support the customers 150

persons/day from January to December of year 3. When we got more customers, our shop

also gains revenue more than last year. In the fourth year, we forecast getting customers

150 persons/day from January to December of year 4. This year, Kasalong Thai Massage

will also gain revenue more than last year because there are more customers to use

1,140,000

1,160,000

1,180,000

1,200,000

1,220,000

1,240,000

1,260,000

1,280,000

1,300,000


Income

0

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000

16,000,000

year 1 year 2 year3 year4 year5

year 1

year 2

year3

year4

year5

34

service of Kasalong Thai Massage. In the fifth year, Kasalong Thai Massage gain the

most revenues because we forecast getting customers 150 persons/day come to use

service of Kasalong Thai Massage. The reason that we forecast increasing numbers of

customers in each year because we interviewed the information of patients from the

scientist of Thai traditional medicine center of Chiang Rai hospital, she told us that the

number of patients will always increase, but there is less of staffs of Thai Massage who

will service the patients who come to take treatment.

3.5 Marketing Expenses (Sales Incentive)

The Kasalong Thai Massage has expenses as follow;

- Beverage: After massaging we will arrange some herbals for customers such as pandan

juice, ginger, tea, and etc.

- Advertisement: The Kasalong Thai Massage is advertised on its own website and

brochure and gift for welcome the customers at the store.

Conclusion

Our business is Thai massage, the reasons that we choose to do this business

because this is good for heal and low price to use this service. Customers will have healthy

when they use this service and can get this service whatever they want. And there are many

attractions that can attract lot of patients in each year. It is not surprising that Thai massage

business will grow hostile to the economic slowdown and the health become a factor in life

already. Therefore, no matter that the economy will not work, people still would be concern

about health, and Thai massage to be a best choice for them. The target markets are two

groups depend on people who want to treatment massage and who want to get foot massage.

These groups are our target customer it is Kasalong Thai massage. The product are given

convenience to customer in term of services there are two types of massage including foot

massage and treatment with compress massage. The prices are two parts it consist the price of

foot massage is about 250 baht per hour, the price of treatment with compress massage is

about 350 baht per hour. The location our business is Kok river side near the city of Chiang

Rai province there are good location, atmosphere like resort, easy to see, convenience

transportation. The promotion our business will contract with the tour company and increase

within package tour in company. The expenses to do business there are lot of many raw

materials, equipments, decoration, expenses, infrastructures, employee wages, beverage, and

advertisement expenses. So these are aggregate in Kasalong Thai Massage.

35

Chapter 4

Investment

36

4.1 Product

Product characteristic

The massage of our business is Thai massage style include 3 massage styles

Treatment massage

Foot massage

Massage with Thai herb ball.

Treatment Massage

Treatment Massage provides medical massage therapy

/therapeutic form specializes in medical massage therapy that is

goal-oriented, result-based, corrective therapy. Moreover, it

also focuses about you healthy of your body such as lameness,

muscle inflammation, paralysis, and stroke.

Thai Foot Massage

Thai Foot Massage is will help relieve pain or disease, because

the foot is the center of the nerve. That can convey

the disease or symptoms in the body.

37

Massage with herbal ball

Massage with herbal ball have benefit of healthy such as relieve intumesce or inflame of

muscle, tendon, joint and taut of muscle and increase blood circulation get better

Step of process service

When customer come to massage front office greeting and invite customer to seat and

living in guest room.

Front office ark and present about service.

Front office contract with massager to serve massage to customer and set the custom

to customer. If customer chooses Thai massage and take customer in massage house.

Massager takes the massage to customer.

Front office serve tae set to customer and take the bill to customer.

http://dict.longdo.com/search/blood%20circulation

38

Location

Address: 98 m.10 Muang ChiangRai 57100

Phone number: 053-706359

Website: www.Kasalong.com

39

Pattern inside of store

1. House receptions

The inside of massage house has 6 houses. First house is house reception. There are 4

part include front office wide about 4 meter and height about 6 meter. Second part,

there is guest room about 2 rooms for contracting and consulting customer and

waiting for services. Guest room 1 is wind about 4 meters and height about 6 meters.

Guest room 2 is wind 3 meters and height about 4 meters. Third part, it is rest room

about 2 rooms. There are wide about 2 meter and height 2 meter.

Guest

rooms 2

Front office

Restro

om1

Guest rooms 1

Door

6 m 6 m

4m

m

4m

3 m

2m

2m

Door

Rest

room2

40

1.1. Front office

1.2. Guest rooms 1

Front counter

Cabinets for customer

information.

Container for information

about the herb and

newspapers

Door

Door of restroom

Air conditioner

Sofa

Air conditioner

Television

Door

4 m

6m

4 m

6 m

41

1.3. Guest rooms 2

1.4. Rest room 1

Sofa

Air conditioner

Television

Door

Door

Basin

ceiling shower

Water closet

4 m

3 m

2 m

2 m

42

1.5. Rest room 2

2. House massage.

House massage has 5 houses include Massage room, Foot massage room and Rest

room. So are the same interior decorations.

Door

Basin

ceiling shower

Water closet

2 m

2 m

Foot massage

room

Massage room

Rest

room

3 m 4 m

4 m 6 m

2 m

2 m

Door

43

2.1. Massage room

2.2. Foot massage room

Bed for a massage

Door

Air conditioner

Chair for a massage

Door

Air conditioner

6 m

4 m

4 m

3 m

44

2.3. Rest room

Door

Basin

ceiling shower

Water closet

2 m

2 m

45

2.4. Area between the rooms

Locker for customers

46

Machine Tools and Equipment

Office

Front counter

Price 4,900 xiv

Container for information about the herb and newspapers

Size 80x29x130 cm.

Price 4,249xv

Cabinets

Size 90x40x163 cm.

Price 6,900 xvi

Casio 140 CR-SB

LED monitor for view data.

Record to 120 orders.

Record limit to 20 departures.

Price 3,990 xvii

47

Telephone Cord GE EX30044

Price 850xviii

Guest room

Sofa.

Sofa 2 seat size 125x81x88 cm.

Sofa 3 seat size 205x81x86 cm.

Scatter cushion 8 piece.

Price 36,000 xix

TV

LED TV Sony CX520 series.

Size 32”

FULL HD

X-Reality

Presence Sensor

HDMI x 4 ,Component x

1,Composite x 2 , USB x2

Bravia Internet Video

Price 16,990 Free DVD SR-

501xx

48

Massage room

Massage bed

Size 1x2x3 cm.

Price 2,600xxi

Foot massage chair

Size wide 100 cm

Price 2,500xxii

Pillow

Size 57x30x10 cm.

Price 400xxiii

Silk for decorate massage bed

Size 23x190 cm

Price 350xxiv

49

Basin for foot massage

Size 15x4”

Price 800xxv

Long pants

Price 90xxvi

Voile shirt

Size L,XL

Price 100, 110xxvii

Uniform

Price 550xxviii

50

Bed sheet

Price 390xxix

Wood for foot massage

Size 1x13x1 cm

Weight 30 g

Price 15xxx

Electric hot pot HW-855

Size 5.5 Liter

750 watt xxxi

Towel

Size 15x30 cm

White color

Price 50xxxii

51

Tea set

Height 4.5”

1 pot

6 glass

Price 850xxxiii

Rest Room

Basin

Size 42x42x26 cm

Produce form safety glass

Weight 2,500 g

Price 900 xxxiv

Injection line ZT-EMC

Price 260 xxxv

Water tapCOTTOCT104C16HM

Price 1,750xxxvi

Mirror

Size 50x60 cm

50 cm Diameter

Price 469 xxxvii

52

Tissue

14.8x8.5x11.6 cm

Weight 0.5 kg

Price 399 xxxviii

Water closet

N-7530:Modana

Two piece toilet

Size 6 L.

Price 1,900xxxix

Set of CCTV 8 CH U-VISION

CCTV 8 CH

Network line 20 meter 8 line

Recorder UD-6008

HDD 1,000 GB

8 Adepter size 12 v 120 ma

Price 25,900xl

53

12 liter pedal bin, plastic 25 * 29 * 30 cm

Price 415xli

Soap Box size: 500 ml

Price 375xlii

- Wide 90 cm, deep 40 cm, height 85 cm

4,300 bathsxliii

54

Table 1 cost of Machine Tools and Equipment

No Descript No.

Product

Price/Unit

(baht/unit)

Total

(bath)

1 Front counter 1 4,990 4,990

2 Container 1 4,249 4,249

3 Cabinets 1 6,900 6,900

4 Cash register 1 3,990 3,990

5 Telephone cord 1 850 850

6 Sofa 2 36,000 72,000

7 LED TV 2 16,990 33,980

8 Massage bed 20 2,600 52,000

9 Foot Massage chair 10 2,500 25,000

10 Pillow 20 400 8,000

11 Silk for decorate

massage bed

20 350 7,000

12 Basin for foot

massage

5 800 4,000

13 Long pants

Size M

Size L

10

10

100

110

1,000

1,100

14 Uniform 33 550 18,150

15 Bed sheet 20 390 7,800

16 Wood for foot

massage

10 15 150

No Descript No.

Product

Price/Unit

(baht/unit)

Total

(bath)

17 Electric hot pot 1 750 750

18 Towel size15x30cm 20 50 1,000

19 Tea set 5 850 4,250

55

20 Basin 7 900 6,300

21 Injection line 7 260 1,820

22 Water taps 7 1,750 12,250

23 Mirror 7 469 3,283

24 Tissue Box 7 399 2,793

25 Water closet 7 1,900 13,300

26 Bin 7 415 2,905

27 Soap Box 7 375 2,625

28 Set of CCTV 8 CH 1 25,900 25,900

29 Locker 5 4,300 21,500

Total 349,835

56

4.2 Cost of Investment

Pre- Operating Cost

- Billboard of Company

The billboard of company order from Mr.Blackboard Co.,Ltd. 39 Moo 10,

Nawamin Road, Soi Nawamin 153, Klong Kum, Buengkum, Bangkok. Telephone

number is 081-777-2025. Fax number is 02-9488694.The size of background for

set the font wide is about 1 meters and height 1 meter. The wood billboard is

Beautiful billboard and suitable for kasalong thai massage. The total price of

billboard, the installation and service is 7500.xliv

Billboard tax

Billboard of Kasalong thai massage makes by English font and pays the fee

for set company billboard. Because, the billboard use in the commercial for earn

the revenue. The size of billboard equal wide about 1 meters, height 1 meters,

wide multiple height equal to 1 square meters. Then calculate be square

centimeter equal 10,000 square centimeters. Calculate the billboard tax. The

billboard has all English fonts rate 40 Baht/500 square centimeters equal 800

Baht. Example of Thaisakol Graphic Center Co.,Ltd. Paying at Chiang Rai provincial Administration Organization and location at 183 Moo 8, Wieng District,

Muang, Chiang Rai 57000 Telephone number 053-711499. xlv

57

Document for registration paying tax

Copy of Household Registration and personal Identification Card

VAT Registration

Certificate

License to set billboard

- Registration

Registered business organization for Thai massage.

If service massage only will be exempt from tax. However, if the

stores are selling the other. Investors must be registered. Investors

can learn the details and approved it. The www.ismed.com.

*So Kasalong massage do not be registered.xlvi

Table 1 Cost of Investment

No Descript No.

Product

Price/Unit

(baht/unit)

Total

(bath)

1 Billboard 1 7,500 7,500

2 Billboard tax 1 800 800

Total 8,300

58

Cost of land

Location city of Chiang Rai.

- Property is located in Muang District, Chiang Rai. The location near

Kok river, government buildings, sports center and international airport.

The area is 25 rai 34 square wah. The price of land is 690,000 baht per 1 rai. The

conditions for transfer buyers and sellers must pay taxes equally. We can context Miss

Wanna Tel 085- 1486305 and E-mail: [email protected]. We need the land 2 rai.

The price of 1 rai is 690,000 baht. The total price of land is 1,380,000 baht. The tax of

transfer is 2% of cost (form www.land.co.th). The price of transfer is 27,600 baht. If

pay tax equally with seller so we pay 13,800 baht. We can pay tax at Land Office of

Chiang Rai. The location of Office of Chiang Rai is Uttarakit Road, Wieng District,

Muang, Chiang Rai. The total of land and tax of transfer is 1,393,800 baht.xlvii

xlviii

59

Cost of Buildings

We are building the store by order knockdown home from Mobile home at 9 / 8

Nantawan, Sanitation Road 5, Tharang, Bang Khen, and Bangkok 10220. Telephone:

0817507775. Mobile: 0817507775. Fax: 029 498 952. E-mail:

[email protected] or www.ihome1982.net.

The reason we chose knockdown home because knockdown home are cheaper

more than build by itself. Knockdown home are build very fast.

Knockdown home for massage have 5 units and knockdown home for receptions

have 1 unit.

Detail of house massage.

- Semi-detached.

- The size of house 3x4-meter 1 units.

- The size of house 4x6-meter 1 units.

- The window long.

- Platform high 2 meter.

- A terrace linked together.

- The house use pine trees outside the house width of 10 inches.

mailto:[email protected]

60

Detail of house receptions

- The size of house 4x6 meters, 2 receptions, 2 bathrooms, 1 unit.

- The size of house 3x4 meters, 1 reception, 1 bathroom, 1 unit.

- The house use pine trees outside the house width of 10 inches.

The main material of construction.

1. The home use iron and steel and iron C.

2. Roof tiles use Tri-ron

3. The walls outer use timber lid Chera.

4. The walls inside use smart board.

5. Ceiling hung at the bar.

6. The use of dry wood (old wood) reduces wood shrinkage.

7. The color protects water outside and inside.

8. Bathroom floor use tiles

61

This price does not include.

Coarse sand 1 Q, Coal 1 Q, plaster 4 unit, sump cement 2 sumps with lid 1 unit

and including price for customers pay the extra 1500 Baht per house. The customer

should order it in advance one day prior to delivery and for quick installation.

*The price of knockdown home for massage is 570,000 Bath per unit. The price of

5 units is 2,850,000 Bath. The price of knockdown home for receptions have 1 unit is

530,000 Bath and the price for we pay the extra 1500 Baht per house. The price of 6

units is 9,000 Baht. The total of buildings is 3,389,000 bahtxlix

Cost of Internet and Telephone setting (free)

Follow form the promotion packages Net Cing 2 of TOT that entrance fee 1000

Baht, Free Set-up number 3,350 bahtl

Cost of Air conditioner setting

Air conditioner of company order from Sutee Air Service at Robwiang District,

Muang, Chiang Rai. Telephone number 085-330813. We order Air TASAKI wall, Power

savings number 5, wireless remote, compressor warranty 5 year, parts warranty 1 year. The

prices are inclusive of VAT 7%. The price includes shipping costs and installation costs and

free water pipes 4 meters.

We order size 1200 BTU. The price of air conditioner is 10,500 baths per unit. We

need air conditioner 13 unit. The total of air conditioner is 136,500 baht.

http://plakard.com/img/6cf/392/6cf3923b10b2c815a5806096dae609bd_1.jpg

62

Table 2 Cost of Investment

No Descript No.

Product

Price/Unit

(bath/unit)

Total

(bath)

1 Cost of land

2 690,000 1,380,000

2 Cost of Buildings

(house receptions)

1 530,000 530,000

3 Cost of Buildings

(house massage)

5 570,000 2,850,000

4 price of extra from Cost

of Buildings

6 1,500 9,000

5 Cost of Air conditioner 13 10,500 136,500

6 Internet and Telephone

setting (free)

- 1,000 1,000

Total 4,906,500

63

Cost of Decoration

Blinds

Blinds of company order from Niung Blinds at Wiang District Mueang Chiang Rai,

Chiang Rai(near five separate) Telephone number 053-713336, 053-742151. The price

includes service or installation costs.

Detail of blinds

- The size of blinds for receptions is wide 110× long 170 cm 7 units.

- The size of blinds for massage is wide 110× long 220 cm 20 units.

- The size of blinds for massage is wide 230× long 220cm 25 units.

The price of blinds

- The blinds wide 110× long 170 cm. The price 400 baht per 1 unit. We need 7 units

the total is 2,800 baht.





Total price of blinds is 35,700 baht. li

64

Table 3 Cost of Decoration

No Descript No.

Product

Price/Unit

(bath/unit)

Total

(bath)

1 Blinds

(The blinds wide 110×

long 170 cm)

7 400 2,800

2 Blinds


long 220 cm)

20 470 9,400

3 Blinds


long 220 cm)

25 940 23,500

Total 35,700

65

Summary table of Investment

Cost of Investment

Descript

No.

Product

Price/Unit

(baht/unit) Total(baht)

1. Billboard 1 7,500 7,500

2. Billboardtax 1 800 800

3. Cost of land 2 690,000 1,380,000

4. Cost of buildings (house receptions) 1 530,000 530,000

5. Cost of buildings (house massage) 5 570,000 2,850,000

5. price of extra from Cost of Buildings 6 1,500 9,000

6. Cost of Air conditioner 13 10,500 136,500

7. Internet and Telephone setting (free) 1 1,000 1,000

8.Blinds (The blinds wide 110× long 170 cm) 7 400 2,800

9.Blinds(The blinds wide 110× long 220 cm) 20 470 9,400

10.Blinds (The blinds wide 230× long 220 cm) 25 940 23,500

Total

4,950,500

66

4.3 Deprecation

67

Year 1

Investment Amount Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total

Building 3,389,000.00 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 169,450.00

Air -

conditioner 136,500.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 27,300.00

Billboard

and

billboard

tax 8,300.00 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 1,660.00

Blinds 35,700.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 7,140.00

Locker 21,500.00 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 4,300.00

Front

counter 4,990.00 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 998.00

Container 4,249.00 70.82 70.82 70.82 70.82 70.82 70.82 70.82 70.82 70.82 70.82 70.82 70.82 849.80

Cabinets 6,900.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 1,380.00

Cash

register 3,990.00 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 798.00

Telephone

cord 850.00 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 170.00

Sofa 72,000.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 14,400.00

LED TV 33,980.00 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 6,796.00

Massage

beds 52,000.00 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 10,400.00

Foot

massage

chairs 25,000.00 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 5,000.00

Pillows 8,000.00 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 1,600.00

Silk for

decorate

massage

beds 7,000.00 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 1,400.00

Basin for

foot massage 4,000.00 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 800.00

68

Long pants

Size M 1,000.00 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 200.00

Size L 1,100.00 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 220.00

Uniform 18,150.00 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 3,630.00

Bed sheet 7,800.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 1,560.00

Wood for

foot massage 150.00 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 30.00

Electric hot

pot 750.00 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 150.00

Towel size

15*30cm 1,000.00 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 200.00

Tea set 4,250.00 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 850.00

Basin 6,300.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 1,260.00

Injection

line 1,820.00 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 364.00

Water taps 12,250.00 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 2,450.00

Mirror 3,283.00 54.72 54.72 54.72 54.72 54.72 54.72 54.72 54.72 54.72 54.72 54.72 54.72 656.60

Water closet 13,300.00 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 2,660.00

Set of

CCTV and

CH 25,900.00 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.66 5,179.99

Total 3,911,012.00 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.39

69

Year 2


Building ###### 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 169,450.00 Air -

conditioner 109,200.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 27,300.00 Billboard

and billboard

tax 6,640.00 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 1,660.00

Blinds 28,560.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 7,140.00

Locker 17,200.00 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 4,299.96 Front

counter 3,992.00 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 998.00

Container 3,399.00 70.81 70.81 70.81 70.81 70.81 70.81 70.81 70.81 70.81 70.81 70.81 70.81 849.75

Cabinets 5,520.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 1,380.00

Cash register 3,192.00 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 798.00 Telephone

cord 680.00 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 170.00

Sofa 57,600.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 14,400.00

LED TV 27,184.00 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 6,796.00 Massage

beds 41,600.00 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 10,400.00 Foot massage

chairs 20,000.00 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 5,000.00

Pillows 6,400.00 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 1,600.00 Silk for

decorate

massage beds 5,600.00 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 1,400.00 Basin for foot

massage 3,200.00 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 800.00

Long pants

Size M 800.00 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 200.00

Size L 880.00 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 220.00

Uniform 14,520.00 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 3,630.00

Bed sheet 6,240.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 1,560.00

70

Wood for

foot massage 120.00 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 30.00 Electric hot

pot 600.00 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 150.00 Towel size

15*30cm 800.00 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 200.00

Tea set 3,400.00 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 850.00

Basin 5,040.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 1,260.00

Injection line 1,456.00 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 364.00

Water taps 9,800.00 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 2,450.00

Mirror 2,627.00 54.73 54.73 54.73 54.73 54.73 54.73 54.73 54.73 54.73 54.73 54.73 54.73 656.75

Water closet 10,640.00 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 2,660.00 Set of CCTV

and CH 20,720.00 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 5,180.00

Total ###### 22,821.04 22,821.04 22,821.04 22,821.04 22,821.04 22,821.04 22,821.04 22,821.04 22,821.04 22,821.04 22,821.04 22,821.04 273,852.46

71

Year 3


Building 3,050,100.00 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 14,120.83 169,450.00 Air -

conditioner 81,900.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 2,275.00 27,300.00 Billboard

and

billboard

tax 4,980.00 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 1,660.00

Blinds 21,420.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 7,140.00

Locker 12,900.00 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 4,299.96 Front

counter 2,994.00 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 998.00

Container 2,549.00 70.81 70.81 70.81 70.81 70.81 70.81 70.81 70.81 70.81 70.81 70.81 70.81 849.67

Cabinets 4,140.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 1,380.00 Cash

register 2,394.00 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 798.00 Telephone

cord 510.00 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 170.00

Sofa 43,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 14,400.00

LED TV 20,388.00 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 6,796.00 Massage

beds 31,200.00 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 10,400.00 Foot

massage

chairs 15,000.00 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 5,000.00

Pillows 4,800.00 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 1,600.00 Silk for

decorate

massage

beds 4,200.00 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 1,400.00 Basin for

foot

massage 2,400.00 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 800.00

Long pants

Size M 600.00 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 200.00

72

Size L 660.00 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 220.00

Uniform 10,890.00 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 3,630.00

Bed sheet 4,680.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 1,560.00 Wood for

foot

massage 90.00 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 30.00 Electric hot

pot 450.00 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 150.00 Towel size

15*30cm 600.00 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 200.00

Tea set 2,550.00 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 850.00

Basin 3,780.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 1,260.00 Injection

line 1,092.00 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 364.00

Water taps 7,350.00 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 2,450.00

Mirror 1,971.00 54.75 54.75 54.75 54.75 54.75 54.75 54.75 54.75 54.75 54.75 54.75 54.75 657.00 Water

closet 7,980.00 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 2,660.00 Set of

CCTV and

CH 15,540.00 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 5,180.00

Total 3,363,308.00 22,821.05 22,821.05 22,821.05 22,821.05 22,821.05 22,821.05 22,821.05 22,821.05 22,821.05 22,821.05 22,821.05 22,821.05 273,852.63

73

Year 4


Building 2880650 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 169450 Air -

conditioner 54600 2275 2275 2275 2275 2275 2275 2275 2275 2275 2275 2275 2275 27300 Billboard

and

billboard

tax 3320 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 1660

Blinds 14280 595 595 595 595 595 595 595 595 595 595 595 595 7140

Locker 8600 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 4300 Front

counter 1996 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 998

Container 1699 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 849.5

Cabinets 2760 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 1380 Cash

register 1596 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 798 Telephone

cord 340 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 170

Sofa 28800 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 14400

LED TV 13592 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 6796 Massage

beds 20800 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 10400 Foot

massage

chairs 10000 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 5000

Pillows 3200 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 1600 Silk for

decorate

massage

beds 2800 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 1400 Basin for

foot

massage 1600 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 800

Long pants

Size M 400 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 200

74

Size L 440 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 220

Uniform 7260 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 3630

Bed sheet 3120 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 1560 Wood for

foot

massage 60 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 30 Electric hot

pot 300 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 150 Towel size

15*30cm 400 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 200

Tea set 1700 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 850

Basin 2520 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 1260 Injection

line 728 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 364

Water taps 4900 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 2450

Mirror 1315 54.79 54.79 54.79 54.79 54.79 54.79 54.79 54.79 54.79 54.79 54.79 54.79 657.5 Water

closet 5320 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 221.67 2660 Set of

CCTV and

CH 10360 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 5180

Total 3089456 22821.08 22821.08 22821.08 22821.08 22821.08 22821.08 22821.08 22821.08 22821.08 22821.08 22821.08 22821.08 273853

75

Year 5


Building 2711200 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 14120.83 169450.00 Air -

conditioner 27300 2275.00 2275.00 2275.00 2275.00 2275.00 2275.00 2275.00 2275.00 2275.00 2275.00 2275.00 2275.00 27300.00 Billboard

and

billboard

tax 1660 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 138.33 1660.00

Blinds 7140 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 595.00 7140.00

Locker 4300 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 358.33 4300.00 Front

counter 998 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 83.17 998.00

Container 849.5 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 70.79 849.50

Cabinets 1380 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 115.00 1380.00 Cash

register 798 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 66.50 798.00 Telephone

cord 170 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 170.00

Sofa 14400 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 1200.00 14400.00

LED TV 6796 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 566.33 6796.00 Massage

beds 10400 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 866.67 10400.00 Foot

massage

chairs 5000 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 5000.00

Pillows 1600 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 133.33 1600.00 Silk for

decorate

massage

beds 1400 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 116.67 1400.00 Basin for

foot

massage 800 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 66.67 800.00

Long pants

Size M 200 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 200.00

76

Size L 220 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 18.33 220.00

Uniform 3630 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 302.50 3630.00

Bed sheet 1560 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 130.00 1560.00 Wood for

foot

massage 30 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 30.00 Electric hot

pot 150 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 150.00 Towel size

15*30cm 200 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 16.67 200.00

Tea set 850 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 70.83 850.00

Basin 1260 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 105.00 1260.00 Injection

line 364 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 30.33 364.00

Water taps 2450 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 204.17 2450.00

Mirror 656 54.67 54.67 54.72 54.67 54.67 54.67 54.67 54.67 54.67 54.67 54.67 54.67 656.05 Water

closet 2600 216.67 216.67 216.67 216.67 216.67 216.67 216.67 216.67 216.67 216.67 216.67 216.67 2600.00 Set of

CCTV and

CH 5180 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 431.67 5180.00

Total 2815542 22815.96 22815.96 22816.01 22815.96 22815.96 22815.96 22815.96 22815.96 22815.96 22815.96 22815.96 22815.96 273791.55

77

Chapter 5

Operations

78

The operation cost for a massage

1. Thai herb ball

We want the Thai herb ball 1,600 piece per month for Traditional Thai

Massage Practitioner 20 person. The price of Thai herb ball 50 bath per piece (From

an interview with real users, they use Thai herb ball 400 piece per month for

Traditional Thai Massage Practitioner 5 person).lii

79

2. Original foot cream

We want the Original foot cream 10 bottles per month for Traditional Thai

Massage Practitioner 10 person. The price of original foot cream 80 bath per piece

(From an interview with real users, they use original foot cream 5 bottle per month for

Traditional Thai Massage Practitioner 5 person).liii

80

Table: The operation cost for a massage

Product Units/month Price Thai herb ball 1,600(1*50) 80,000

Original foot cream 10(1*80) 800

Total 80,800

81

Chapter 6

Administration

82

Management analysis

Organization Management

Kasalong Thai Massage manages the business by Partner Firm Department, which is

located in Chiang Rai near Kok River for to establish the company. And we will have to pay

tax in form of corporate income tax.

Kasalong Thai Massage management can be divided into three areas: management of

the external image, internal management and customer management. As detailed below, the

image of external nature. Services are not tangible. Customers will pay only when consumers

believe that they have everything they need, so we will need to manage our external image.

The customer must confidence in the service. Such as, to decorate in store is clean and

comfortable. Training of employees certified to massage, the rates are clearly signposted, and

other. Management within the store management is important as small businesses or large.

Operators are needed. There is the store manager, financing, trainer massage and purchase

equipment.

83

Organization Chart

General Manager

(Practice of the healing Act under the

provisions of the aforementioned Act)

Accounting

Department

Accountant

Housekeeping

Department

Housekeeper

Sale & Marketing

Department

Sale Person

Human Resource

Department

Traditional Thai

Massage Practitioner

(certificate)

Traditional Thai

Massage Practitioner

(The Art of the disease.)

84

People in the organization

Kasalong Thai Massage has total of employee amount x people, and below is to

descript the characteristic and task of employee in each position.

1. General manager

Job qualification

1. Male / Female

2. Practice of the healing Act under the provisions of the aforementioned Act.

3. Thai nationality

4. Can use with best Microsoft Office such as Word, Excel

5. Have good management skill and good relationship

Job description

She/he can set up targeting of company, planning all of operating which follow target

of company, assigning work to employee appropriately, good communication inside

company, and can evaluation & improvement of all position in company. Besides, it is

include managing and payment salary of employee, supervise order of stock, and contact

suppler for order the product and negotiation about price.

2. Accountant

Job qualification

1. Male / Female, age at least 25 years old

2. Master or Bachelor's Degree of Business Administration, Accounting Major

3. Having leading skill and good coordinate skill

4. Have patience, enthusiasm, integrity and to be honest on work

Job description

Task of accountant is management and respond all of activities about finance,

account, record buy-sale, and order in-out of stock before send to manager for check against.

85

3. Housekeeper

Job qualification

1. Female age at least 25 years old

2. Thai nationality

3. Well skill in cleaning

4. Well know and well experience how to use equipment and chemicals for cleaning.

5. Responsibility of duty

Job description

Task of house keeper respond about cleaning all of product in showroom and house

massage. Arranged and decorated locations to be organized. Maintain the cleaning front of

store area. Always clean when dirt. Always clean the toilet. Care cleans all area of store.

Police confer to customer.

4. Sales person

Job qualification

1. Women/men who high vocation certificate in Marketing Major.

2. More than 20 years old

3. Having experience more than 1 years

4. Good personality and communication

Job description

Task of Seller and assistant is take care and give true information about product, advice about

buy product, persuade, and explain to moderation of product with style of customer.

86

5. Traditional Thai Massage Practitioner (certificate)

Job qualification

1. Women/men who aged 20-50 years

2. Strong personality, good health, modestly wrapped in the service.

3. There are certificate from institute of Thai Traditional Medicine.

4. Have experience in the field of massage.

6. Traditional Thai Massage Practitioner (The Art of the disease.)

Job qualification

1. Women/men who aged 20-50 years

2. Strong personality, good health, modestly wrapped in the service.

3. There is The Art of the disease from institute of Thai Traditional Medicine.

4. Have experience in the field of massage. liv

87

Administration cost

1. Employee salary

Wage rate for our organization

1. Managing Partner position 1 person 25,000 baht

2. Employee in the organization

- Accounting department 1 person 12,000 baht

- Sales person 1 person 10,000 baht

- Housekeeper 1 person 6,500 baht

- Traditional Thai Massage Practitioner (certificate)

10 persons (1 x 9,000) 90,000 baht

- Traditional Thai Massage Practitioner (The Art of the disease)

20 persons (1 x 20,000) 400,000 baht

Total salary expense/month 543,500 baht

88

Water expense / Month

1000 liter = 1Cubic meters

Fore cast use 52 cu.m/month x 13.86bah = 720.72 baht

Add. (+) General Service = 40 baht

Add. (+) VAT 7% = 53.2504 baht

Total water expense/month = 813.9704 bah

WATER TARIFFS

Effective December 1999

Commerce, Government Agency, State Enterprise and Industry

ปรมิาณน ้าใช ้ ลกูบาศกเ์มตร

Volume(cu.m.)

ราคาคา่น ้า บาท/ลกูบาศกเ์มตร

Baht/cu.m.

0-10 9.50 (Not less than 90.00 Baht)

11-20 10.70 21-30 10.95 31-40 13.21 41-50 13.54 51-60 13.86 61-80 14.19 81-100 14.51 101-120 14.84 121-160 15.16 161-200 15.49

มากกวา่ 200 (over 200) 15.81

** Remark: 1. VAT not included) 7%

(General services) 40 bathlv

89

Electricity expense / month

22 Meters pressure in the normal rate

Estimate use of electricity 2,300 unit x 2.4649 = 5,669.27 baht

Add. (+) Service expense =228.17 baht

Total Electricity expense / month =5,897.44baht

อตัราค่าไฟฟ้า – การไฟฟ้านครหลวง ประเภทที่ 2 กิจการขนาดเล็ก

ส าหรับการใชไ้ฟฟ้าเพื่อประกอบธุรกิจ ธุรกิจรวมกบับา้นอยูอ่าศยั อุตสาหกรรม และหน่วยงานรัฐวสิาหกิจ หรืออ่ืนๆ ตลอดจนบริเวณ ท่ีเก่ียวขอ้ง ซ่ึงมีความตอ้งการพลงังานไฟฟ้าเฉล่ียใน 15 นาทีสูงสุดต ่ากวา่ 30 กิโลวตัต ์โดยต่อผา่นเคร่ืองวดัหน่วยไฟฟ้าเคร่ืองเด่ียว

2.1 อตัราปกติ ค่าพลงังานไฟฟ้า (บาท/หน่วย) ค่าบริการ (บาท/เดือน)

2.1.1 แรงดนั 12-24 กิโลโวลต ์ 2.4649 228.17

2.1.2 แรงดนัต ่ากวา่ 12 กิโลโวลต ์ 40.90

150 หน่วยแรก (หน่วยท่ี 1-150) 1.8047

250 หน่วยต่อไป (หน่วยท่ี 151-400) 2.7781

เกิน 400 หน่วยข้ึนไป (หน่วยท่ี 401 เป็นตน้ไป) 2.9780

lvi

90

Internet and telephone expense

Our internet and telephone expense don’t change because our company use telephone

by TOT Include Internet 6MB.

Fire Insurance

Kasalong Thai Massage does fire insurance with Office of Insurance Commission

with limits protection is 1,000,000 baht and insurance rate is 3,600 per month. It is a fix cost.

Sri Ayudhya General Insurance is protecting everything in our company and protect for 3

years.lvii

Advertising costs

Kasalong Thai Massage will promote health center by ktdoilanradio of Chiang rai.

We hired a radio for 3000 baht per month and included the spots every hour.lviii

91

Miscellaneous costs

The liquid cleaner 3.78L

-price 409 bathlix

Liquid hand soap3.78L

-price 209 bathlx

Cleaning the bathroom3.78L

-price 209 bathlxi

92

Toilet paper *24x4

-price 904 bathlxii

Garbage bags size36x45

-price 1,625 bathlxiii

Paper towel Kimberly Clark

-price 990 bathlxiv

93

Expend

Product Units/month Price

The liquid cleaner 3.78L 1 gallon 409

Liquid hand soap3.78L 1 gallon 209

Cleaning the

bathroom3.78L

1 gallon 209

Toilet paper *24x4 1 pack 940

Garbage bags size36x45 1 pack(175) 1,625

Paper towel Kimberly

Clark

1 pack300x12 990

telephone statement by

TOT Include Internet 6

MB

1 number 790

Advertising costs 1 3,000

Fire Insurance 1 3,600

Total 11,772

94

Chapter 7

Financial

Analysis

95

Kasalong Thai massage

Income Statement

31 decemder,2012

Year 1

Income

Statement

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Total

Revenue

Sales 769,500 712,500 741,000 741,000 741,000 741,000 769,500 741,000 741,000 769,500 712,500 769,500 8,949,000

Cost of

raw matiral 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 969,600

Gross

Income 688,700 631,700 660,200 660,200 660,200 660,200 688,700 660,200 660,200 688,700 631,700 688,700 7,979,400

Operating

Expense

General & Administra

tion 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 6,522,000

Utility

expenses 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 80,537

Depreciati

on 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40

Miscellane

ous

expenses 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 134,064

Total

Operating

Expense 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 6,736,601

Income

before

interest &

tax 127,317 70,317 98,817 98,817 98,817 98,817 127,317 98,817 98,817 127,317 70,317 127,317 1,242,799

Tax

Expense 30% 38,194.98 21,094.98 29,644.98 29,644.98 29,644.98 29,644.98 38,194.98 29,644.98 29,644.98 38,194.98 21,094.98 38,194.98 372,839.72

Net

income

(loss) for

the year 89,121.61 49,221.61 69,171.61 69,171.61 69,171.61 69,171.61 89,121.61 69,171.61 69,171.61 89,121.61 49,221.61 89,121.61 869,959.36

Retain

Earning 89,121.61 138,343.23 207,514.84 276,686.45 345,858.07 415,029.68 504,151.29 573,322.90 642,494.52 731,616.13 780,837.74 869,959.36 869,959.36

96


Income Statement

31 decemder,2013

Year 2 Income

Statement


Revenue

Sales 988,000 912,000 1,026,000 988,000 988,000 988,000 1,026,000 988,000 988,000 988,000 988,000 1,026,000 11,894,000

Cost of raw

matiral 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 969,600

Gross Income 907,200 831,200 945,200 907,200 907,200 907,200 945,200 907,200 907,200 907,200 907,200 945,200 10,924,400

Operating

Expense

General &

Administration 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 6,522,000

Utility expenses 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 80,536.92

Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40

Miscellaneous

expenses 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 134,064

Total

Operating

Expense 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 6,736,601

Income

before interest

& tax 345,817 269,817 383,817 345,817 345,817 345,817 383,817 345,817 345,817 345,817 345,817 383,817 4,187,799

Tax Expense

30% 103,744.98 80,944.98 115,144.98 103,744.98 103,744.98 103,744.98 115,144.98 103,744.98 103,744.98 103,744.98 103,744.98 115,144.98 1,256,339.72

Net income

(loss) for the

year 242,071.61 188,871.61 268,671.61 242,071.61 242,071.61 242,071.61 268,671.61 242,071.61 242,071.61 242,071.61 242,071.61 268,671.61 2,931,459.36

Retain Earning 1,112,030.97 1,300,902.58 1,569,574.20 1,811,645.81 2,053,717.42 2,295,789.03 2,564,460.65 2,806,532.26 3,048,603.87 3,290,675.49 3,532,747.10 3,801,418.71 3,801,418.71

97


Income Statement

31 decemder,2014

Year 3

Income

Statement


Revenue

Sales 1,235,000 1,080,000 1,282,500 1,235,000 1,235,000 1,235,000 1,235,000 1,282,500 1,235,000 1,235,000 1,235,000 1,282,500 14,807,500

Cost of raw matiral 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 969,600

Gross Income 1,154,200 999,200 1,201,700 1,154,200 1,154,200 1,154,200 1,154,200 1,201,700 1,154,200 1,154,200 1,154,200 1,201,700 13,837,900

Operating

Expense

General & Administration 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 6,522,000


Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40

Miscellaneous

expenses 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 134,064

Total Operating

Expense 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 6,736,601

Income before

interest & tax 592,817 437,817 640,317 592,817 592,817 592,817 592,817 640,317 592,817 592,817 592,817 640,317 7,101,299

Tax Expense

30% 177,844.98 131,344.98 192,094.98 177,844.98 177,844.98 177,844.98 177,844.98 192,094.98 177,844.98 177,844.98 177,844.98 192,094.98 2,130,389.72

Net income

(loss) for the

year 414,971.61 306,471.61 448,221.61 414,971.61 414,971.61 414,971.61 414,971.61 448,221.61 414,971.61 414,971.61 414,971.61 448,221.61 4,970,909.36

Retain Earning 4,216,390.33 4,522,861.94 4,971,083.55 5,386,055.16 5,801,026.78 6,215,998.39 6,630,970.00 7,079,191.62 7,494,163.23 7,909,134.84 8,324,106.46 8,772,328.07 8,772,328.07

98


Income Statement

31 decemder,2015

Year 4

Income

Statemnt


Revenue

Sales 1,235,000 1,080,000 1,282,500 1,187,500 1,282,500 1,235,000 1,235,000 1,282,500 1,235,000 1,235,000 1,235,000 1,235,000 14,760,000


Gross

Income 1,154,200 999,200 1,201,700 1,106,700 1,201,700 1,154,200 1,154,200 1,201,700 1,154,200 1,154,200 1,154,200 1,154,200 13,790,400

Operating

Expense

General &

Administratio

n 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 6,522,000


Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40

Miscellaneou

s expenses 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 134,064

Total

Operating

Expense 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 6,736,601

Income

before

interest &

tax 592,817 437,817 640,317 545,317 640,317 592,817 592,817 640,317 592,817 592,817 592,817 592,817 7,053,799

Tax Expense

30% 177,844.98 131,344.98 192,094.98 163,594.98 192,094.98 177,844.98 177,844.98 192,094.98 177,844.98 177,844.98 177,844.98 177,844.98 2,116,139.72

Net income

(loss) for the

year 414,971.61 306,471.61 448,221.61 381,721.61 448,221.61 414,971.61 414,971.61 448,221.61 414,971.61 414,971.61 414,971.61 414,971.61 4,937,659.36

Retain Earning 9,187,299.68 9,493,771.29 9,941,992.91

10,323,714.52

10,771,936.13

11,186,907.75

11,601,879.36

12,050,100.97

12,465,072.59

12,880,044.20

13,295,015.81

13,709,987.42

13,709,987.42

99

Year5

Income

Statement


Revenue

Sales 1,282,500 1,187,500 1,235,000 1,235,000 1,282,500 1,187,500 1,282,500 1,282,500 1,187,500 1,282,500 1,235,000 1,235,000 14,915,000

Cost of raw

matiral 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 969,600

Gross

Income 1,201,700 1,106,700 1,154,200 1,154,200 1,201,700 1,106,700 1,201,700 1,201,700 1,106,700 1,201,700 1,154,200 1,154,200 13,945,400

Operating

Expense

General & Administratio

n 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 543,500 6,522,000

Utility

expenses 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 80,536.92

Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40

Miscellaneous expenses 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 134,064

Total

Operating

Expense 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 6,736,601

Income

before

interest &

tax 640,317 545,317 592,817 592,817 640,317 545,317 640,317 640,317 545,317 640,317 592,817 592,817 7,208,799

Tax Expense

30% 192,094.98 163,594.98 177,844.98 177,844.98 192,094.98 163,594.98 192,094.98 192,094.98 163,594.98 192,094.98 177,844.98 177,844.98 2,162,639.72

Net income

(loss) for the

year 448,221.61 381,721.61 414,971.61 414,971.61 448,221.61 381,721.61 448,221.61 448,221.61 381,721.61 448,221.61 414,971.61 414,971.61 5,046,159.36

Retain

Earning

14,158,209.0

4

14,539,930.6

5

14,954,902.2

6

15,369,873.8

8 15,818,095.49 16,199,817.10

16,648,038.7

2 17,096,260.33

17,477,981.9

4

17,926,203.5

5

18,341,175.1

7

18,756,146.7

8

18,756,146.7

8

100


Cash flow

31 decemder,2012


Cash flow

from

operating

activity

Cash

received

Cash received

on cash sale 769,500 712,500 741,000 741,000 741,000 741,000 769,500 741,000 741,000 769,500 712,500 769,500 8,949,000

Adjust depreciation 0.00 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 251,031.37

Total cash

received 769,500 735,321 763,821 763,821 763,821 763,821 792,321 763,821 763,821 792,321 735,321 792,321 9,200,031

Cash paid

Cash paid for

cost of raw

matiral 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 969,600

Cash paid for

operating

expense 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 6,736,601

Cash paid for income tax 38,194.98 21,094.98 29,644.98 29,644.98 29,644.98 29,644.98 38,194.98 29,644.98 29,644.98 38,194.98 21,094.98 38,194.98 372,839.72

Total cash

paid 680,378 663,278 671,828 671,828 671,828 671,828 680,378 671,828 671,828 680,378 663,278 680,378 8,079,041

Net cash

flow from

operating

activity 89,122 72,043 91,993 91,993 91,993 91,993 111,943 91,993 91,993 111,943 72,043 111,943 1,120,991

Cash flow

from

investment

activity Cash

received Cash received from sale Total cash

received 0

101

Cash paid

Cash paid investment on

operating and administratio

n 5,277,514 3,911,762

Total cash

paid 5,277,514 3,911,762

Net cash

flow from

investment

activity -5,277,514 3,911,762

Cash flow

from

financing

activity

Cash

received

Borrowing cash 5,000,000 5,000,000

Total cash

received 5,000,000 5,000,000

Cash paid

Cash paid for

Divident 0.00

Total cash

paid 0.00 Net cash

flow from

Financing

activity 5,000,000 5,000,000

Net increase/

decrease in

cash -188,392 72,043 91,993 91,993 91,993 91,993 111,943 91,993 91,993 111,943 72,043 111,943

Beginning

cash -188,392 -116,350 -24,357 67,636 159,628 251,621 363,564 455,556 547,549 659,491 731,534

Ending cash -188,392 -116,350 -24,357 67,636 159,628 251,621 363,564 455,556 547,549 659,491 731,534 843,477 843,477

102


Cash flow

31 decemder,2013


Cash flow from operating activity

Cash received

Cash received on cash sale 988,000 912,000 1,026,000 988,000 988,000 988,000 1,026,000 988,000 988,000 988,000 988,000 1,026,000 11,894,000


Total cash received 988,000.0

0

934,821.0

3

1,048,821.

03

1,010,821.

03

1,010,821.

03

1,010,821.

03

1,048,821.

03

1,010,821.

03

1,010,821.

03

1,010,821.

03

1,010,821.

03

1,048,821.

03

12,145,031

.37

Cash paid

Cash paid for cost of raw matiral 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 969,600

Cash paid for operating expense 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 6,736,601

Cash paid for income tax 103,744.9

8

80,944.98 115,144.9

8

103,744.9

8

103,744.9

8

103,744.9

8

115,144.9

8

103,744.9

8

103,744.9

8

103,744.9

8

103,744.9

8

115,144.9

8

1,006,816.

50

Total cash paid 745,928 723,128 757,328 745,928 745,928 745,928 757,328 745,928 745,928 745,928 745,928 757,328 8,962,541

Net cash flow from operating activity 242,071.6

1

211,692.6

5

291,492.6

5

264,892.6

5

264,892.6

5

264,892.6

5

291,492.6

5

264,892.6

5

264,892.6

5

264,892.6

5

264,892.6

5

291,492.6

5

3,182,490.

72

Cash flow from investment activity

Cash received

Cash received from sale

Total cash received

Cash paid

Cash paid investment on operating and

administration

- - - - - - - - - - - -

Total cash paid - - - - - - - - - - - -

Net cash flow from investment

activity

0 - - - - - - - - - - - -

103

Cash flow from financing activity

Cash received

Borrowing cash - - - - - - - - - - - -

Total cash received 0 - - - - - - - - - - - -

Cash paid

Cash paid - - - - - - - - - - - -

Total cash paid 0.00 - - - - - - - - - - - -

Net cash flow from Financing

activity

0 - - - - - - - - - - - -

Net increase/ decrease in cash 242,071.6

1

211,692.6

5

291,492.6

5

264,892.6

5

264,892.6

5

264,892.6

5

291,492.6

5

264,892.6

5

264,892.6

5

264,892.6

5

264,892.6

5

291,492.6

5

Beginning cash 843,477 1,085,548.

37

1,297,241.

02

1,588,733.

67

1,853,626.

31

2,118,518.

96

2,383,411.

61

2,674,904.

25

2,939,796.

90

3,204,689.

54

3,469,582.

19

3,734,474.

84

Ending cash 1,085,548.

37

1,297,241.

02

1,588,733.

67

1,853,626.

31

2,118,518.

96

2,383,411.

61

2,674,904.

25

2,939,796.

90

3,204,689.

54

3,469,582.

19

3,734,474.

84

4,025,967.

48

4,025,967.

48

104


Cash flow

31 decemder,2014



Cash received

Cash received on cash sale 1,235,000 1,080,00

0

1,282,500 1,235,00

0

1,235,000 1,235,00

0

1,235,00

0

1,282,50

0

1,235,00

0

1,235,00

0

1,235,00

0

1,282,50

0

14,807,500

Adjust depreciation 22,821.0

3

22,821.03 22,821.0

3

22,821.03 22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

251,031.37

Total cash received 1,235,000 1,102,821

1,305,321 1,257,821

1,257,821 1,257,821

1,257,821

1,305,321

1,257,821

1,257,821

1,257,821

1,305,321

15,058,531

Cash paid



Cash paid for income tax 177,844.98 131,344.98

192,094.98

177,844.98

177,844.98

177,844.98

177,844.98

192,094.98

177,844.98

177,844.98

177,844.98

192,094.98

1,880,866.50

Total cash paid 820,028 773,528 834,278 820,028 820,028 820,028 820,028 834,278 820,028 820,028 820,028 834,278 9,836,591

Net cash flow from operating activity 414,972 329,293 471,043 437,793 437,793 437,793 437,793 471,043 437,793 437,793 437,793 471,043 5,221,941


Cash received

Cash received from sale - - - - - - - - - - - - -

Total cash received - - - - - - - - - - - - -

Cash paid

105


administration

- - - - - - - - - - - - -

Total cash paid - - - - - - - - - - - - -

Net cash flow from investment activity 0 - - - - - - - - - - - -


Cash received

Borrowing cash - - - - - - - - - - - - -


Cash paid

Cash paid 0.00 - - - - - - - - - - - -

Total cash paid 0.00 - - - - - - - - - - - -

Net cash flow from Financing activity 0.00 - - - - - - - - - - - -

Net increase/ decrease in cash 414,972 329,293 471,043 437,793 437,793 437,793 437,793 471,043 437,793 437,793 437,793 471,043 5,221,941

Beginning cash 4,025,967.48

4,440,939

4,770,232 5,241,274

5,679,067 6,116,860

6,554,652

6,992,445

7,463,488

7,901,280

8,339,073

8,776,866

Ending cash 4,440,939 4,770,23

2

5,241,274 5,679,06

7

6,116,860 6,554,65

2

6,992,44

5

7,463,48

8

7,901,28

0

8,339,07

3

8,776,86

6

9,247,90

8

9,247,908

106


Cash flow

31 decemder,2015


1,235,000 1,080,000 1,282,500 1,187,500 1,282,500 1,235,000 1,235,000 1,282,500 1,235,000 1,235,000 1,235,000 1,235,000 14,760,000

22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 251,031.37

1,235,000 1,102,821 1,305,321 1,210,321 1,305,321 1,257,821 1,257,821 1,305,321 1,257,821 1,257,821 1,257,821 1,257,821 15,011,031

80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 969,600

561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 6,736,601

177,844.98 131,344.98 192,094.98 163,594.98 192,094.98 177,844.98 177,844.98 192,094.98 177,844.98 177,844.98 177,844.98 177,844.98 1,866,682.80

820,028 773,528 834,278 805,778 834,278 820,028 820,028 834,278 820,028 820,028 820,028 820,028 9,822,341

414,972 329,293 471,043 404,543 471,043 437,793 437,793 471,043 437,793 437,793 437,793 437,793 5,188,691

- - - - - - - - - - - - -

- - - - - - - - - - - - -

- - - - - - - - - - - - -

- - - - - - - - - - - - -

- - - - - - - - - - - - -

- - - - - - - - - - - - -

0 - - - - - - - - - - - -

107

- - - - - - - - - - - - -

0 - - - - - - - - - - - -

0.00 - - - - - - - - - - - -

0.00 - - - - - - - - - - - -

0.00 - - - - - - - - - - - -

414,972 329,293 471,043 404,543 471,043 437,793 437,793 471,043 437,793 437,793 437,793 437,793 5,188,691

9,247,908 9,662,880 9,992,172 10,463,215 10,867,758 11,338,800 11,776,593 12,214,386 12,685,428 13,123,221 13,561,014 13,998,806

9,662,880 9,992,172 10,463,215 10,867,758 11,338,800 11,776,593 12,214,386 12,685,428 13,123,221 13,561,014 13,998,806 14,436,599 14,436,599

108


Cash flow

31 decemder,2016



Cash received


0

1,235,00

0

1,235,00

0

1,282,50

0

1,187,50

0

1,282,50

0

1,282,50

0

1,187,50

0

1,282,500 1,235,00

0

1,235,000 14,915,000


3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.03 22,821.0

3

22,821.03 251,031.37


1

1,257,82

1

1,257,82

1

1,305,32

1

1,210,32

1

1,305,32

1

1,305,32

1

1,210,32

1

1,305,321 1,257,82

1

1,257,821 15,166,031

Cash paid



Cash paid for income tax 192,094.98 163,594.

98

177,844.

98

177,844.

98

192,094.

98

163,594.

98

192,094.

98

192,094.

98

163,594.

98

192,094.9

8

177,844.

98

177,844.9

8

1,913,013.

30

Total cash paid 834,278 805,778 820,028 820,028 834,278 805,778 834,278 834,278 805,778 834,278 820,028 820,028 9,619,214


Cash flow from investment activity - - - - - - - - - - - - -

Cash received - - - - - - - - - - - - -



Cash paid


administration

- - - - - - - - - - - - -

Total cash paid - - - - - - - - - - - - -

Net cash flow from investment activity 0 - - - - - - - - - - 0 -

109


Cash received

Borrowing cash - - - - - - - - - - - - -

Total cash received 0 - - - - - - - - - - 0 -

Cash paid

Cash paid for Divident 0.00 - - - - - - - - - - 5,000,000

Total cash paid 0.00 - - - - - - - - - - 5,000,000

Net cash flow from Financing activity 0.00 - - - - - - - - - - -5,000,000

-

Net increase/ decrease in cash 448,222 404,543 437,793 437,793 471,043 404,543 471,043 471,043 404,543 471,043 437,793 -

4,562,207

297,191

Beginning cash 14,436,599 14,884,8

21

15,289,3

63

15,727,1

56

16,164,9

48

16,635,9

91

17,040,5

34

17,511,5

76

17,982,6

19

18,387,16

2

18,858,2

04

19,295,99

7

Ending cash 14,884,821 15,289,3

63

15,727,1

56

16,164,9

48

16,635,9

91

17,040,5

34

17,511,5

76

17,982,6

19

18,387,1

62

18,858,20

4

19,295,9

97

14,733,79

0

14,733,790

110


Balance sheet

31 decemder,2012

Balance Sheet Year 1 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Asset

Current Asset

Cash -188,392 -116,350 -24,357 67,636 159,628 251,621 363,564 455,556 547,549 659,491 731,534 843,477

Total Current Asset -188,392 -116,350 -24,357 67,636 159,628 251,621 363,564 455,556 547,549 659,491 731,534 843,477

Fixed Asset

Operating and Admin fixed asset 5,277,514 5,254,693 5,231,872 5,209,051 5,186,230 5,163,409 5,140,588 5,117,767 5,094,946 5,072,125 5,049,304 5,026,483

Total Fixed asset 5,277,514 5,254,693 5,231,872 5,209,051 5,186,230 5,163,409 5,140,588 5,117,767 5,094,946 5,072,125 5,049,304 5,026,483

Total Asset 5,089,122 5,138,343 5,207,515 5,276,686 5,345,858 5,415,030 5,504,151 5,573,323 5,642,495 5,731,616 5,780,838 5,869,959

Liability & Equity

Liability

Long Term debt 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 89,121.61 138,343.23 207,514.84 276,686.45 345,858.07 415,029.68 504,151.29 573,322.90 642,494.52 731,616.13 780,837.74 869,959.36

Owner Equity - - - - - - - - - - - -

Total Equity 89,121.61 138,343.23 207,514.84 276,686.45 345,858.07 415,029.68 504,151.29 573,322.90 642,494.52 731,616.13 780,837.74 869,959.36

Total Liability & Equity 5,089,122 5,138,343 5,207,515 5,276,686 5,345,858 5,415,030 5,504,151 5,573,323 5,642,495 5,731,616 5,780,838 5,869,959

111


Balance sheet

31 decemder,2013


Asset

Current Asset

Cash 1,085,548.37 1,297,241.

02

1,588,733.

67

1,853,626.

31

2,118,518.

96

2,383,411.

61

2,674,904.25 2,939,796.

90

3,204,689.

54

3,469,582.

19

3,734,474.

84

4,025,967.

48

Total Current Asset 1,085,548.37 1,297,241.

02

1,588,733.

67

1,853,626.

31

2,118,518.

96

2,383,411.

61

2,674,904.25 2,939,796.

90

3,204,689.

54

3,469,582.

19

3,734,474.

84

4,025,967.

48

Fixed Asset



Total Asset 6,112,030.97 6,300,902.

58

6,569,574.

20

6,811,645.

81

7,053,717.

42

7,295,789.

03

7,564,460.65 7,806,532.

26

8,048,603.

87

8,290,675.

49

8,532,747.

10

8,801,418.

71

Liability & Equity

Liability

Long Term note payable 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 1,112,030.97 1,300,902.58

1,569,574.20

1,811,645.81

2,053,717.42

2,295,789.03

2,564,460.65 2,806,532.26

3,048,603.87

3,290,675.49

3,532,747.10

3,801,418.71

Owner Equity - - - - - - - - - - - -

Total Equity 1,112,030.97 1,300,902.

58

1,569,574.

20

1,811,645.

81

2,053,717.

42

2,295,789.

03

2,564,460.65 2,806,532.

26

3,048,603.

87

3,290,675.

49

3,532,747.

10

3,801,418.

71

Total Liability & Equity 6,112,030.97 6,300,902.

58

6,569,574.

20

6,811,645.

81

7,053,717.

42

7,295,789.

03

7,564,460.65 7,806,532.

26

8,048,603.

87

8,290,675.

49

8,532,747.

10

8,801,418.

71

112


Balance sheet

31 decemder,2014


Asset

Current Asset

Cash 4,440,939 4,770,232 5,241,274 5,679,067 6,116,860 6,554,652 6,992,445 7,463,488 7,901,280 8,339,073 8,776,866 9,247,908

Total Current Asset 4,440,939 4,770,232 5,241,274 5,679,067 6,116,860 6,554,652 6,992,445 7,463,488 7,901,280 8,339,073 8,776,866 9,247,908

Fixed Asset



Total Asset 9,216,390 9,522,862 9,971,084 10,386,055 10,801,027 11,215,998 11,630,970 12,079,192 12,494,163 12,909,135 13,324,106 13,772,328

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 4,216,390.33 4,522,861.9

4

4,971,083.5

5

5,386,055.1

6

5,801,026.7

8

6,215,998.3

9

6,630,970.0

0

7,079,191.6

2

7,494,163.

23

7,909,134.8

4

8,324,106.4

6

8,772,328.0

7

Owner Equity - - - - - - - - - - - -

Total Equity 4,216,390.33 4,522,861.9

4

4,971,083.5

5

5,386,055.1

6

5,801,026.7

8

6,215,998.3

9

6,630,970.0

0

7,079,191.6

2

7,494,163.

23

7,909,134.8

4

8,324,106.4

6

8,772,328.0

7

Total Liability & Equity 9,216,390.33 9,522,861.94

9,971,083.55

10,386,055.16

10,801,026.78

11,215,998.39

11,630,970.00

12,079,191.62

12,494,163.23

12,909,134.84

13,324,106.46

13,772,328.07

113


Balance sheet

31 decemder,2015


Asset

Current Asset

Cash 9,662,880 9,992,172 10,463,215 10,867,758 11,338,800 11,776,593 12,214,386 12,685,428 13,123,221 13,561,014 13,998,806 14,436,599


Fixed Asset



Total Asset 14,187,300 14,493,771 14,941,993 15,323,715 15,771,936 16,186,908 16,601,879 17,050,101 17,465,073 17,880,044 18,295,016 18,709,987

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 9,187,299.68

9,493,771.29

9,941,992.91

10,323,714.52

10,771,936.13

11,186,907.75

11,601,879.36

12,050,100.97

12,465,072.59

12,880,044.20

13,295,015.81

13,709,987.42

Owner Equity - - - - - - - - - - - -

Total Equity 9,187,299.68

9,493,771.29

9,941,992.91

10,323,714.52

10,771,936.13

11,186,907.75

11,601,879.36

12,050,100.97

12,465,072.59

12,880,044.20

13,295,015.81

13,709,987.42

Total Liability & Equity 14,187,299.

68

14,493,771.

29

14,941,992.

91

15,323,714.

52

15,771,936.

13

16,186,907.7

5

16,601,879.

36

17,050,100.

97

17,465,072.

59

17,880,044.

20

18,295,015.

81

18,709,987.

42

114


Balance sheet

31 decemder,2016


Asset

Current Asset

Cash 14,884,821 15,289,363 15,727,156 16,164,948 16,635,991 17,040,534 17,511,576 17,982,619 18,387,162 18,858,204 19,295,997 14,733,790


Fixed Asset



Total Asset 19,158,209 19,539,931 19,954,902 20,369,874 20,818,095 21,199,817 21,648,039 22,096,260 22,477,982 22,926,204 23,341,175 18,756,147

Liability & Equity

Liability

Long Term note payable 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 0

Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 0

Equity

Retain Earning 14,158,209.

04

14,539,930.

65

14,954,902.

26

15,369,873.

88

15,818,095.

49

16,199,817.

10

16,648,038.

72

17,096,260.

33

17,477,981.

94

17,926,203.5

5

18,341,175.

17

18,756,146.

78

Owner Equity - - - - - - - - - - - -

Total Equity 14,158,209.

04

14,539,930.

65

14,954,902.

26

15,369,873.

88

15,818,095.

49

16,199,817.

10

16,648,038.

72

17,096,260.

33

17,477,981.

94

17,926,203.5

5

18,341,175.

17

18,756,146.

78

Total Liability & Equity 19,158,209.04

19,539,930.65

19,954,902.26

20,369,873.88

20,818,095.49

21,199,817.10

21,648,038.72

22,096,260.33

22,477,981.94

22,926,203.55

23,341,175.17

18,756,146.78

115


Income Statement

31 decemder,2012

decrease 5% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Total

Revenue

Sales 731,025 676,875 703,950 703,950 703,950 703,950 731,025 703,950 703,950 731,025 676,875 731,025 8,501,550


Gross Income 650,225 596,075 623,150 623,150 623,150 623,150 650,225 623,150 623,150 650,225 596,075 650,225 7,531,950

Operating Expense


Utility expenses 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 6,711.41 80,537

Depreciation 22,832.93 22,832.9

3

22,832.93 22,832.93 22,832.93 22,832.93 22,832.93 22,832.93 22,832.93 22,832.93 22,832.93 22,832.93 273,995.16


Total Operating Expense 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 561,383 6,736,601

Income before interest & tax 88,842 34,692 61,767 61,767 61,767 61,767 88,842 61,767 61,767 88,842 34,692 88,842 795,349

Tax Expense 30% 26,652.48 0.00 0.00 0.00 0.00 0.00 26,652.48 0.00 0.00 26,652.48 0.00 26,652.48 106,609.91

Net income (loss) for the year 62,189.11 34,691.59

61,766.59 61,766.59 61,766.59 61,766.59 62,189.11 61,766.59 61,766.59 62,189.11 34,691.59 62,189.11 688,739.17

Retain Earning 62,189.11 96,880.7

0

158,647.29 220,413.8

8

282,180.4

7

343,947.0

6

406,136.1

8

467,902.77 529,669.3

6

591,858.4

7

626,550.0

6

688,739.17 688,739.17

116


Income Statement

31 decemder,2013

Year 2 Income Statement


Revenue

Sales 938,600 866,400 974,700 938,600 938,600 938,600 974,700 938,600 938,600 938,600 938,600 974,700 11,299,300


Gross Income 857,800 785,600 893,900 857,800 857,800 857,800 893,900 857,800 857,800 857,800 857,800 893,900 10,329,700

Operating Expense



Depreciation 22,821.03

22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40



Income before interest & tax 296,417 224,217 332,517 296,417 296,417 296,417 332,517 296,417 296,417 296,417 296,417 332,517 3,593,099

Tax Expense 30% 88,924.98

67,264.98 99,754.98 88,924.98 88,924.98 88,924.98 99,754.98 88,924.98 88,924.98 88,924.98 88,924.98 99,754.98 1,077,929.72

Net income (loss) for the year 207,491.

61

156,951.6

1

232,761.6

1

207,491.6

1

207,491.61 207,491.61 232,761.6

1

207,491.61 207,491.61 207,491.6

1

207,491.61 232,761.61 2,515,169.

36

Retain Earning 896,230.

79

1,053,182.

40

1,285,944.

01

1,493,435.

62

1,700,927.

24

1,908,418.

85

2,141,180.

46

2,348,672.

08

2,556,163.

69

2,763,655.

30

2,971,146.9

2

3,203,908.

53

3,203,909

117


Income Statement

31 decemder,2014



Revenue

Sales 1,173,250 1,026,000 1,218,375 1,173,250 1,173,250 1,173,250 1,173,250 1,218,375 1,173,250 1,173,250 1,173,250 1,218,375 14,067,125


Gross Income 1,092,450 945,200 1,137,575 1,092,450 1,092,450 1,092,450 1,092,450 1,137,575 1,092,450 1,092,450 1,092,450 1,137,575 13,097,525

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40





8

115,144.9

8

172,857.48 159,319.9

8

159,319.9

8

159,319.98 159,319.98 172,857.4

8

159,319.9

8

159,319.9

8

159,319.98 172,857.48 1,908,277.2

2

Net income (loss) for the year 371,746.6

1

268,671.6

1

403,334.11 371,746.6

1

371,746.6

1

371,746.61 371,746.61 403,334.1

1

371,746.6

1

371,746.6

1

371,746.61 403,334.11 4,452,646.8

6


14

3,844,326.

75

4,247,660.

87

4,619,407.

48

4,991,154.

09

5,362,900.

71

5,734,647.

32

6,137,981.

43

6,509,728.

05

6,881,474.

66

7,253,221.

27

7,656,555.

38

7,656,555.3

8

118


Income Statement

31 decemder,2015


Revenue

Sales 1,173,250 1,026,000 1,218,375 1,128,125 1,218,375 1,173,250 1,173,250 1,218,375 1,173,250 1,173,250 1,173,250 1,173,250 14,022,000


Gross Income 1,092,450 945,200 1,137,575 1,047,325 1,137,575 1,092,450 1,092,450 1,137,575 1,092,450 1,092,450 1,092,450 1,092,450 13,052,400

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40




Tax Expense 30% 159,319.98

115,144.98

172,857.48

145,782.48

172,857.48 159,319.98 159,319.98 172,857.48 159,319.98 159,319.98 159,319.98 159,319.98 1,894,739.72


1

268,671.6

1

403,334.1

1

340,159.1

1

403,334.11 371,746.61 371,746.61 403,334.11 371,746.61 371,746.61 371,746.61 371,746.61 4,421,059.

36


8,296,973.61

8,700,307.72

9,040,466.84

9,443,800.95

9,815,547.56

10,187,294.18

10,590,628.29

10,962,374.90

11,334,121.51

11,705,868.13

12,077,614.74

12,077,614.74

119


Income Statement

31 decemder,2016



Revenue

Sales 1,218,375 1,128,125 1,173,250 1,173,250 1,218,375 1,128,125 1,218,375 1,218,375 1,128,125 1,218,375 1,173,250 1,173,250 14,169,250


Gross Income 1,137,575 1,047,325 1,092,450 1,092,450 1,137,575 1,047,325 1,137,575 1,137,575 1,047,325 1,137,575 1,092,450 1,092,450 13,199,650

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40




Tax Expense 30% 172,857.48 145,782.4

8

159,319.98 159,319.9

8

172,857.4

8

145,782.48 172,857.4

8

172,857.4

8

145,782.48 172,857.48 159,319.98 159,319.98 1,938,914.

72

Net income (loss) for the year 403,334.11 340,159.1

1

371,746.61 371,746.6

1

403,334.1

1

340,159.11 403,334.1

1

403,334.1

1

340,159.11 403,334.11 371,746.61 371,746.61 4,524,134.

36

Retain Earning 12,480,948

.85

12,821,10

7.97

13,192,854.

58

13,564,60

1.19

13,967,93

5.31

14,308,094.

42

14,711,42

8.53

15,114,76

2.64

15,454,921.

76

15,858,255.

87

16,230,002

.48

16,601,749

.10

16,601,749

.10

120


Cash flow

31 decemder,2012



Cash received

Cash received on cash sale 731,025 676,875 703,950 703,950 703,950 703,950 731,025 703,950 703,950 731,025 676,875 731,025 8,501,550

Adjust depreciation 0.00 22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

251,031.3

7

Total cash received 731,025 699,696 726,771 726,771 726,771 726,771 753,846 726,771 726,771 753,846 699,696 753,846 8,752,581

Cash paid



Cash paid for income tax 26,652.48 0.00 0.00 0.00 0.00 0.00 26,652.4

8

0.00 0.00 26,652.4

8

0.00 26,652.4

8

123,221.4

0

Total cash paid 668,836 642,183 642,183 642,183 642,183 642,183 668,836 642,183 642,183 668,836 642,183 668,836 7,812,811

Net cash flow from operating activity 62,189 57,513 84,588 84,588 84,588 84,588 85,010 84,588 84,588 85,010 57,513 85,010 939,771


Cash received


Total cash received 0 0

Cash paid

Cash paid investment on operating and administration 5,300,335 5,300,335

Total cash paid 5,300,335 5,300,335

Net cash flow from investment activity - -

121

5,300,335 5,300,335


Cash received

Borrowing cash 5,000,000 5,000,000


Cash paid

Cash paid for Dividend 0.00 0.00

Total cash paid 0 0

Net cash flow from Financing activity 5,000,000 5,000,000

Net increase/ decrease in cash -238,146 57,513 84,588 84,588 84,588 84,588 85,010 84,588 84,588 85,010 57,513 85,010

Beginning cash -238,146 -180,633 -96,046 -11,458 73,130 157,717 242,727 327,315 411,903 496,913 554,425

Ending cash -238,146 -180,633 -96,046 -11,458 73,130 157,717 242,727 327,315 411,903 496,913 554,425 639,436 639,436

122


Cash flow

31 decemder,2013



Cash received




0

889,221.0

3

997,521.0

3

961,421.0

3

961,421.0

3

961,421.0

3

997,521.0

3

961,421.0

3

961,421.0

3

961,421.0

3

961,421.0

3

997,521.0

3

11,550,331.

37

Cash paid



Cash paid for income tax 88,924.98 67,264.98 99,754.98 88,924.98 88,924.98 88,924.98 99,754.98 88,924.98 88,924.98 88,924.98 88,924.98 99,754.98 1,077,929.7

2

Total cash paid 731,108 709,448 741,938 731,108 731,108 731,108 741,938 731,108 731,108 731,108 731,108 741,938 8,784,131


1

179,772.6

5

255,582.6

5

230,312.6

5

230,312.6

5

230,312.6

5

255,582.6

5

230,312.6

5

230,312.6

5

230,312.6

5

230,312.6

5

255,582.6

5

2,766,200.7

2


Cash received


Total cash received

Cash paid

Cash paid investment on operating and administration

- - - - - - - - - - - -

123

Total cash paid - - - - - - - - - - - -

Net cash flow from investment

activity

0 - - - - - - - - - - - 0


Cash received

Borrowing cash - - - - - - - - - - - - -

Total cash received 0 - - - - - - - - - - - 0

Cash paid

Cash paid for Dividend 0 - - - - - - - - - - - 0

Total cash paid 0 - - - - - - - - - - - 0

Net cash flow from Financing

activity

0 - - - - - - - - - - - 0


1

179,772.6

5

255,582.6

5

230,312.6

5

230,312.6

5

230,312.6

5

255,582.6

5

230,312.6

5

230,312.6

5

230,312.6

5

230,312.6

5

255,582.6

5

2,766,200.7

2

Beginning cash 639,436 846,927.1

5

1,026,699.

80

1,282,282.

44

1,512,595.

09

1,742,907.

74

1,973,220.

38

2,228,803.

03

2,459,115.

68

2,689,428.

32

2,919,740.

97

3,150,053.

62

Ending cash 846,927.1

5

1,026,699.

80

1,282,282.

44

1,512,595.

09

1,742,907.

74

1,973,220.

38

2,228,803.

03

2,459,115.

68

2,689,428.

32

2,919,740.

97

3,150,053.

62

3,405,636.

26

3,405,636.2

6

124


Cash flow

31 decemder,2014



Cash received


0

1,218,37

5

1,173,25

0

1,173,25

0

1,173,25

0

1,173,25

0

1,218,37

5

1,173,25

0

1,173,25

0

1,173,25

0

1,218,37

5

14,067,125


3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

251,031.37


1,241,196

1,196,071

1,196,071

1,196,071

1,196,071

1,241,196

1,196,071

1,196,071

1,196,071

1,241,196

14,318,156

Cash paid




172,857.48

159,319.98

159,319.98

159,319.98

159,319.98

172,857.48

159,319.98

159,319.98

159,319.98

172,857.48

1,908,277.22

Total cash paid 801,503 757,328 815,041 801,503 801,503 801,503 801,503 815,041 801,503 801,503 801,503 815,041 9,614,478



Cash received



Cash paid

125


administration

- - - - - - - - - - - - -

Total cash paid - - - - - - - - - - - - -

Net cash flow from investment activity 0 - - - - - - - - - - - 0


Cash received

Borrowing cash - - - - - - - - - - - - -


Cash paid

Cash paid for Dividend 0.00 - - - - - - - - - - - 0.00

Total cash paid 0.00 - - - - - - - - - - - 0.00

Net cash flow from Financing activity 0.000 - - - - - - - - - - - 0.000



3,777,383

4,068,876

4,495,031

4,889,598

5,284,166

5,678,734

6,073,301

6,499,456

6,894,024

7,288,592

7,683,159

Ending cash 3,777,383 4,068,87

6

4,495,03

1

4,889,59

8

5,284,16

6

5,678,73

4

6,073,30

1

6,499,45

6

6,894,02

4

7,288,59

2

7,683,15

9

8,109,31

4

8,109,314

126


Cash flow

31 decemder,2015



Cash received


0

1,218,37

5

1,128,12

5

1,218,37

5

1,173,25

0

1,173,25

0

1,218,37

5

1,173,250 1,173,25

0

1,173,25

0

1,173,25

0

14,022,000


3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.03 22,821.0

3

22,821.0

3

22,821.0

3

251,031.37


1

1,241,19

6

1,150,94

6

1,241,19

6

1,196,07

1

1,196,07

1

1,241,19

6

1,196,071 1,196,07

1

1,196,07

1

1,196,07

1

14,273,031

Cash paid




98

172,857.

48

145,782.

48

172,857.

48

159,319.

98

159,319.

98

172,857.

48

159,319.9

8

159,319.

98

159,319.

98

159,319.

98

1,894,739.7

2

Total cash paid 801,503 757,328 815,041 787,966 815,041 801,503 801,503 815,041 801,503 801,503 801,503 801,503 9,600,941



Cash received - - - - - - - - - - - - -



Cash paid


administration

- - - - - - - - - - - - -

Total cash paid - - - - - - - - - - - - -


127


Cash received

Borrowing cash - - - - - - - - - - - - -


Cash paid

Cash paid for Dividend 0.00 - - - - - - - - - - - 0.00

Total cash paid 0.00 - - - - - - - - - - - 0.00



Beginning cash 8,109,314 8,481,06

1

8,772,55

4

9,198,70

9

9,561,68

9

9,987,84

4

10,382,4

12

10,776,9

79

11,203,13

5

11,597,7

02

11,992,2

70

12,386,8

38

Ending cash 8,481,061 8,772,554

9,198,709

9,561,689

9,987,844

10,382,412

10,776,979

11,203,135

11,597,702

11,992,270

12,386,838

12,781,405

12,781,405

128


Cash flow

31 decemder,2016



Cash received


5

1,173,25

0

1,173,25

0

1,218,37

5

1,128,12

5

1,218,37

5

1,218,37

5

1,128,12

5

1,218,37

5

1,173,25

0

1,173,25

0

14,169,250


3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

251,031.37


6

1,196,07

1

1,196,07

1

1,241,19

6

1,150,94

6

1,241,19

6

1,241,19

6

1,150,94

6

1,241,19

6

1,196,07

1

1,196,07

1

14,420,281

Cash paid




48

159,319.

98

159,319.

98

172,857.

48

145,782.

48

172,857.

48

172,857.

48

145,782.

48

172,857.

48

159,319.

98

159,319.

98

1,938,914.7

2

Total cash paid 815,041 787,966 801,503 801,503 815,041 787,966 815,041 815,041 787,966 815,041 801,503 801,503 1,196,071



Cash received - - - - - - - - - - - - -



Cash paid


administration

- - - - - - - - - - - - -

Total cash paid - - - - - - - - - - - - -

Net cash flow from investment activity 0 - - - - - - - - - - 0 0

129


Cash received

Borrowing cash - - - - - - - - - - - - -

Total cash received 0 - - - - - - - - - - 0 0

Cash paid

Cash paid for Dividend 0.00 - - - - - - - - - - 5,000,000

0.00

Total cash paid 0.00 - - - - - - - - - - 5,000,00

0

0.00

Net cash flow from Financing activity 0.00 - - - - - - - - - - -5,000,00

0

0.00

Net increase/ decrease in cash 403,334 362,980 394,568 394,568 426,155 362,980 426,155 426,155 362,980 426,155 394,568 -4,605,43

2

-224,834

Beginning cash 12,781,405 13,184,7

39

13,547,7

19

13,942,2

87

14,336,8

55

14,763,0

10

15,125,9

90

15,552,1

45

15,978,3

00

16,341,2

80

16,767,4

36

17,162,0

03

Ending cash 13,184,739 13,547,7

19

13,942,2

87

14,336,8

55

14,763,0

10

15,125,9

90

15,552,1

45

15,978,3

00

16,341,2

80

16,767,4

36

17,162,0

03

12,556,5

71

12,556,571

130


Balance Sheet

31 decemder,2012


Asset

Current Asset

Cash -238,146 -180,633 -96,046 -11,458 73,130 157,717 242,727 327,315 411,903 496,913 554,425 639,436

Total Current Asset -238,146 -180,633 -96,046 -11,458 73,130 157,717 242,727 327,315 411,903 496,913 554,425 639,436

Fixed Asset

Operating and Admin fixed asset 5,300,335 5,277,513.9

7

5,254,692.9

3

5,231,871.9

0

5,209,050.8

7

5,186,229.8

3

5,163,408.8

0

5,140,587.7

7

5,117,766.7

3

5,094,945.7

0

5,072,124.6

7

5,049,303.6

3


Total Asset 5,062,189 5,096,881 5,158,647 5,220,414 5,282,180 5,343,947 5,406,136 5,467,903 5,529,669 5,591,858 5,626,550 5,688,739

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 62,189.11 96,880.70 158,647.29 220,413.88 282,180.47 343,947.06 406,136.18 467,902.77 529,669.36 591,858.47 626,550.06 688,739.17

Owner Equity - - - - - - - - - - - -

Total Equity 62,189.11 96,880.70 158,647.29 220,413.88 282,180.47 343,947.06 406,136.18 467,902.77 529,669.36 591,858.47 626,550.06 688,739.17


5,158,647.29

5,220,413.88

5,282,180.47

5,343,947.06

5,406,136.18

5,467,902.77

5,529,669.36

5,591,858.47

5,626,550.06

5,688,739.17

131


Balance Sheet

31 decemder,2013

Fixed Asset

Operating and Admin fixed asset 5,049,303.63

5,026,482.60

5,003,661.57

4,980,840.53

4,958,019.50

4,935,198.47

4,912,377.43

4,889,556.40

4,866,735.37

4,843,914.33

4,821,093.30

4,798,272.27

Total Fixed asset 5,049,303.6

3

5,026,482.6

0

5,003,661.5

7

4,980,840.5

3

4,958,019.5

0

4,935,198.4

7

4,912,377.4

3

4,889,556.4

0

4,866,735.3

7

4,843,914.3

3

4,821,093.3

0

4,798,272.2

7

Total Asset 5,896,230.79

6,053,182.40

6,285,944.01

6,493,435.62

6,700,927.24

6,908,418.85

7,141,180.46

7,348,672.08

7,556,163.69

7,763,655.30

7,971,146.92

8,203,908.53

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 896,230.79 1,053,182.4

0

1,285,944.0

1

1,493,435.6

2

1,700,927.2

4

1,908,418.8

5

2,141,180.4

6

2,348,672.0

8

2,556,163.6

9

2,763,655.3

0

2,971,146.9

2

3,203,908.5

3

Owner Equity - - - - - - - - - - - -

Total Equity 896,230.79 1,053,182.40

1,285,944.01

1,493,435.62

1,700,927.24

1,908,418.85

2,141,180.46

2,348,672.08

2,556,163.69

2,763,655.30

2,971,146.92

3,203,908.53


9

6,053,182.4

0

6,285,944.0

1

6,493,435.6

2

6,700,927.2

4

6,908,418.8

5

7,141,180.4

6

7,348,672.0

8

7,556,163.6

9

7,763,655.3

0

7,971,146.9

2

8,203,908.5

3

132


Balance Sheet

31 decemder,2014


Asset

Current Asset

Cash 3,777,383 4,068,876 4,495,031 4,889,598 5,284,166 5,678,734 6,073,301 6,499,456 6,894,024 7,288,592 7,683,159 8,109,314


Fixed Asset


4,775,451.23

4,752,630.20

4,729,809.17

4,706,988.13

4,684,167.10

4,661,346.07 4,638,525.03 4,615,704.00 4,592,882.97

4,570,061.93 4,547,240.90


7

4,775,451.

23

4,752,630.

20

4,729,809.

17

4,706,988.

13

4,684,167.1

0

4,661,346.07 4,638,525.03 4,615,704.00 4,592,882.9

7

4,570,061.93 4,547,240.9

0


8,844,326.75

9,247,660.87

9,619,407.48

9,991,154.09

10,362,900.71

10,734,647.32 11,137,981.43

11,509,728.05

11,881,474.66

12,253,221.27

12,656,555.38

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity


4

3,844,326.

75

4,247,660.

87

4,619,407.

48

4,991,154.

09

5,362,900.7

1

5,734,647.32 6,137,981.43 6,509,728.05 6,881,474.6

6

7,253,221.27 7,656,555.3

8

Owner Equity - - - - - - - - - - - -


4

3,844,326.

75

4,247,660.

87

4,619,407.

48

4,991,154.

09

5,362,900.7

1

5,734,647.32 6,137,981.43 6,509,728.05 6,881,474.6

6

7,253,221.27 7,656,555.3

8


4

8,844,326.

75

9,247,660.

87

9,619,407.

48

9,991,154.

09

10,362,900.

71

10,734,647.32 11,137,981.4

3

11,509,728.0

5

11,881,474.

66

12,253,221.2

7

12,656,555.

38

133


Balance Sheet

31 decemder,2015


Asset

Current Asset

Cash 8,481,061 8,772,554 9,198,709 9,561,689 9,987,844 10,382,412 10,776,979 11,203,135 11,597,702 11,992,270 12,386,838 12,781,405


Fixed Asset

Operating and Admin fixed asset

4,547,240.90 4,524,419.87

4,501,598.83

4,478,777.80

4,455,956.77

4,433,135.73

4,410,314.70

4,387,493.67

4,364,672.63

4,341,851.60

4,319,030.57

4,296,209.53

Total Fixed asset 4,547,240.90 4,524,419.8

7

4,501,598.8

3

4,478,777.8

0

4,455,956.7

7

4,433,135.7

3

4,410,314.7

0

4,387,493.

67

4,364,672.6

3

4,341,851.6

0

4,319,030.

57

4,296,209.5

3

Total Asset 13,028,302.00 13,296,973.61

13,700,307.72

14,040,466.84

14,443,800.95

14,815,547.56

15,187,294.18

15,590,628.29

15,962,374.90

16,334,121.51

16,705,868.13

17,077,614.74

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 8,028,302.00 8,296,973.6

1

8,700,307.7

2

9,040,466.8

4

9,443,800.9

5

9,815,547.5

6

10,187,294.

18

10,590,628

.29

10,962,374.

90

11,334,121.

51

11,705,868

.13

12,077,614.

74

Owner Equity - - - - - - - - - - - -

Total Equity 8,028,302.00 8,296,973.6

1

8,700,307.7

2

9,040,466.8

4

9,443,800.9

5

9,815,547.5

6

10,187,294.

18

10,590,628

.29

10,962,374.

90

11,334,121.

51

11,705,868

.13

12,077,614.

74

Total Liability & Equity 13,028,302.00 13,296,973.

61

13,700,307.

72

14,040,466.

84

14,443,800.

95

14,815,547.

56

15,187,294.

18

15,590,628

.29

15,962,374.

90

16,334,121.

51

16,705,868

.13

17,077,614.

74

134


Balance Sheet

31 decemder,2016


Asset

Current Asset

Cash 13,184,739 13,547,719 13,942,287 14,336,855 14,763,010 15,125,990 15,552,145 15,978,300 16,341,280 16,767,436 17,162,003 12,556,571


Fixed Asset

Operating and Admin fixed asset 4,296,210 4,273,388.50 4,250,567.4

7

4,227,746.4

3

4,204,925.4

0

4,182,104.3

7

4,159,283.3

3

4,136,462.3

0

4,113,641.2

7

4,090,820.2

3

4,067,999.2

0

4,045,178.1

7


Total Asset 17,480,949 17,821,108 18,192,855 18,564,601 18,967,935 19,308,094 19,711,429 20,114,763 20,454,922 20,858,256 21,230,002 16,601,749

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 0

Equity


85

12,821,107.9

7

13,192,854.

58

13,564,601.

19

13,967,935.

31

14,308,094.

42

14,711,428.

53

15,114,762.

64

15,454,921.

76

15,858,255.

87

16,230,002.

48

16,601,749.

10

Owner Equity - - - - - - - - - - - -


85

12,821,107.9

7

13,192,854.

58

13,564,601.

19

13,967,935.

31

14,308,094.

42

14,711,428.

53

15,114,762.

64

15,454,921.

76

15,858,255.

87

16,230,002.

48

16,601,749.

10


17,821,107.97

18,192,854.58

18,564,601.19

18,967,935.31

19,308,094.42

19,711,428.53

20,114,762.64

20,454,921.76

20,858,255.87

21,230,002.48

16,601,749.10

135


Income Statement

31 decemder,2012

decrease 10 % JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Total

Revenue

Sales 692,550 641,250 666,900 666,900 666,900 666,900 692,550 666,900 666,900 692,550 641,250 692,550 8,054,100

Cost of good sold 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 969,600

Gross Income 611,750 560,450 586,100 586,100 586,100 586,100 611,750 586,100 586,100 611,750 560,450 611,750 7,084,500

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.4

0



Income before interest & tax 50,367 -933 24,717 24,717 24,717 24,717 50,367 24,717 24,717 50,367 -933 50,367 347,899

Tax Expense 30% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Net income (loss) for the year 50,366.59 -933.41 24,716.59 24,716.59 24,716.59 24,716.59 50,366.59 24,716.59 24,716.59 50,366.59 -933.41 50,366.59 347,899.0

8

Retain Earning 50,366.59 49,433.18 74,149.77 98,866.36 123,582.95

148,299.54 198,666.13

223,382.72 248,099.31 298,465.90

297,532.49

347,899.08 347,899.08

136


Income Statement

31 decemder,2013



Revenue

Sales 889,200 820,800 923,400 889,200 889,200 889,200 923,400 889,200 889,200 889,200 889,200 923,400 10,704,600


Gross Income 808,400 740,000 842,600 808,400 808,400 808,400 842,600 808,400 808,400 808,400 808,400 842,600 9,735,000

Operating Expense



Depreciation 22,821.03 22,821.03

22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40




Tax Expense 30% 74,104.98 53,584.98

84,364.98 74,104.98 74,104.98 74,104.98 84,364.98 74,104.98 74,104.98 74,104.98 74,104.98 84,364.98 899,519.72


1

125,031.

61

196,851.6

1

172,911.61 172,911.6

1

172,911.6

1

196,851.61 172,911.6

1

172,911.6

1

172,911.61 172,911.61 196,851.61 2,098,879.3

6

Retain Earning 520,810.69

645,842.31

842,693.92

1,015,605.53

1,188,517.15

1,361,428.76

1,558,280.37

1,731,191.98

1,904,103.60

2,077,015.21

2,249,926.82

2,446,778.44

2,446,778.44

137


Income Statement

31 decemder,2014



Revenue

Sales 1,111,500 972,000 1,154,250 1,111,500 1,111,500 1,111,500 1,111,500 1,154,250 1,111,500 1,111,500 1,111,500 1,154,250 13,326,75

0


Gross Income 1,030,700 891,200 1,073,450 1,030,700 1,030,700 1,030,700 1,030,700 1,073,450 1,030,700 1,030,700 1,030,700 1,073,450 12,357,150

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.4

0




Tax Expense 30% 140,794.98

98,944.98 153,619.98 140,794.98

140,794.98 140,794.98 140,794.98 153,619.98

140,794.98

140,794.98

140,794.98 153,619.98

1,686,164.72


1

230,871.61 358,446.61 328,521.6

1

328,521.61 328,521.61 328,521.61 358,446.6

1

328,521.6

1

328,521.6

1

328,521.61 358,446.6

1

3,934,384.

36


3,006,171.66

3,364,618.28

3,693,139.89

4,021,661.50

4,350,183.11

4,678,704.73

5,037,151.34

5,365,672.95

5,694,194.57

6,022,716.18

6,381,162.79

6,381,162.79

138


Income Statement

31 decemder,2015


Revenue

Sales 1,111,500 972,000 1,154,250 1,068,750 1,154,250 1,111,500 1,111,500 1,154,250 1,111,500 1,111,500 1,111,500 1,111,500 13,284,000


Gross Income 1,030,700 891,200 1,073,450 987,950 1,073,450 1,030,700 1,030,700 1,073,450 1,030,700 1,030,700 1,030,700 1,030,700 12,314,400

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40




Tax Expense 30% 140,794.98

98,944.98 153,619.98 127,969.98 153,619.98

140,794.98

140,794.98

153,619.98

140,794.98

140,794.98

140,794.98

140,794.98 1,673,339.72


1

230,871.6

1

358,446.61 298,596.61 358,446.6

1

328,521.6

1

328,521.6

1

358,446.6

1

328,521.6

1

328,521.6

1

328,521.6

1

328,521.61 3,904,459.

36


6,940,556.02

7,299,002.63

7,597,599.24

7,956,045.86

8,284,567.47

8,613,089.08

8,971,535.70

9,300,057.31

9,628,578.92

9,957,100.54

10,285,622.15

10,285,622.15

139


Income Statement

31 decemder,2016



Revenue

Sales 1,154,250 1,068,750 1,111,500 1,111,500 1,154,250 1,068,750 1,154,250 1,154,250 1,068,750 1,154,250 1,111,500 1,111,500 13,423,500


Gross Income 1,073,450 987,950 1,030,700 1,030,700 1,073,450 987,950 1,073,450 1,073,450 987,950 1,073,450 1,030,700 1,030,700 12,453,900

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40





8

127,969.98 140,794.98 140,794.98 153,619.98 127,969.98 153,619.98 153,619.98 127,969.9

8

153,619.9

8

140,794.98 140,794.9

8

1,715,189.

72


1

298,596.61 328,521.61 328,521.61 358,446.61 298,596.61 358,446.61 358,446.61 298,596.6

1

358,446.6

1

328,521.61 328,521.6

1

4,002,109.

36


8.76

10,942,665.

37

11,271,186

.99

11,599,708

.60

11,958,155

.21

12,256,751

.83

12,615,198.

44

12,973,645

.05

13,272,24

1.67

13,630,68

8.28

13,959,209

.89

14,287,73

1.50

14,287,731

.50

140


Cash Flow

31 decemder,2012



Cash received



3

22,821.03 22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.03 251,031.37


Cash paid

Cash paid for cost of good sold 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 80,800 969,600


Cash paid for income tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total cash paid 642,183 642,183 642,183 642,183 642,183 642,183 642,183 642,183 642,183 642,183 642,183 642,183 7,706,201

Net cash flow from operating activity 50,367 21,888 47,538 47,538 47,538 47,538 73,188 47,538 47,538 73,188 21,888 73,188 598,930


Cash received


Total cash received 0

Cash paid


administration

5,300,33

5

5,300,335

Total cash paid 5,300,335

5,300,335

141

Net cash flow from investment activity -

5,300,335

-5,300,335


Cash received

Borrowing cash 5,000,000

5,000,000

Total cash received 5,000,00

0

5,000,000

Cash paid

Cash paid for interest

Total cash paid 0 0

Net cash flow from Financing activity 5,000,000

5,000,000

Net increase/ decrease in cash -249,968 21,888 47,538 47,538 47,538 47,538 73,188 47,538 47,538 73,188 21,888 73,188

Beginning cash -249,968 -228,081 -180,543 -133,006 -85,468 -37,930 35,257 82,795 130,333 203,520 225,408

Ending cash -249,968 -228,081 -180,543 -133,006 -85,468 -37,930 35,257 82,795 130,333 203,520 225,408 298,595 298,595

142


Cash Flow

31 decemder,2013



Cash received


Adjust depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 251,031.37


843,621.03

946,221.03

912,021.03

912,021.03

912,021.03

946,221.03

912,021.03

912,021.03

912,021.03

912,021.03

946,221.03

10,955,631.37

Cash paid



Cash paid for income tax 74,104.98 53,584.98 84,364.98 74,104.98 74,104.98 74,104.98 84,364.98 74,104.98 74,104.98 74,104.98 74,104.98 84,364.98 899,519.72

Total cash paid 716,288 695,768 726,548 716,288 716,288 716,288 726,548 716,288 716,288 716,288 716,288 726,548 8,605,721


1

147,852.6

5

219,672.6

5

195,732.6

5

195,732.6

5

195,732.6

5

219,672.6

5

195,732.6

5

195,732.6

5

195,732.6

5

195,732.6

5

219,672.6

5

2,349,910.

72


Cash received


Total cash received

Cash paid


administration

- - - - - - - - - - - -

Total cash paid - - - - - - - - - - - -

143



Cash received

Borrowing cash - - - - - - - - - - - - -


Cash paid

Cash paid for interest 0.00 - - - - - - - - - - - -

Total cash paid 0.00 - - - - - - - - - - - -

Net cash flow from Financing activity 0 - - - - - - - - - - - -


1

147,852.6

5

219,672.6

5

195,732.6

5

195,732.6

5

195,732.6

5

219,672.6

5

195,732.6

5

195,732.6

5

195,732.6

5

195,732.6

5

219,672.6

5

Beginning cash 298,595 471,507.06

619,359.71

839,032.35

1,034,765.00

1,230,497.65

1,426,230.29

1,645,902.94

1,841,635.58

2,037,368.23

2,233,100.88

2,428,833.52

Ending cash 471,507.0

6

619,359.7

1

839,032.3

5

1,034,765.

00

1,230,497

.65

1,426,230

.29

1,645,902.

94

1,841,635.

58

2,037,368

.23

2,233,100

.88

2,428,833.

52

2,648,506

.17

2,648,506.

17

144


Cash Flow

31 decemder,2014



Cash received

Cash received on cash sale 1,111,500 972,000 1,154,25

0

1,111,500 1,111,500 1,111,50

0

1,111,50

0

1,154,25

0

1,111,50

0

1,111,50

0

1,111,50

0

1,154,25

0

13,326,750

Adjust depreciation 22,821.03 22,821.0

3

22,821.03 22,821.03 22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

251,031.37

Total cash received 1,111,500 994,821 1,177,07

1

1,134,321 1,134,321 1,134,32

1

1,134,32

1

1,177,07

1

1,134,32

1

1,134,32

1

1,134,32

1

1,177,07

1

13,577,781

Cash paid



Cash paid for income tax 140,794.98 98,944.98 153,619.98

140,794.98

140,794.98

140,794.98

140,794.98

153,619.98

140,794.98

140,794.98

140,794.98

153,619.98

1,686,164.72

Total cash paid 782,978 741,128 795,803 782,978 782,978 782,978 782,978 795,803 782,978 782,978 782,978 795,803 9,392,366



Cash received



Cash paid


administration

- - - - - - - - - - - - -

Total cash paid - - - - - - - - - - - - -

145



Cash received

Borrowing cash - - - - - - - - - - - - -


Cash paid

Cash paid for interest 0.00 - - - - - - - - - - - 0.00

Total cash paid 0.00 - - - - - - - - - - - 0.00




2,977,028 3,230,720

3,611,988 3,963,331 4,314,673

4,666,016

5,017,359

5,398,626

5,749,969

6,101,312

6,452,654

Ending cash 2,977,028 3,230,720 3,611,98

8

3,963,331 4,314,673 4,666,01

6

5,017,35

9

5,398,62

6

5,749,96

9

6,101,31

2

6,452,65

4

6,833,92

2

6,833,922

146


Cash Flow

31 decemder,2015



Cash received

Cash received on cash sale 1,111,500 972,000 1,154,25

0

1,068,75

0

1,154,25

0

1,111,50

0

1,111,50

0

1,154,250 1,111,50

0

1,111,50

0

1,111,500 1,111,50

0

13,284,000


3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.03 22,821.0

3

22,821.0

3

22,821.03 22,821.0

3

251,031.37

Total cash received 1,111,500 994,821 1,177,07

1

1,091,57

1

1,177,07

1

1,134,32

1

1,134,32

1

1,177,071 1,134,32

1

1,134,32

1

1,134,321 1,134,32

1

13,535,031

Cash paid



Cash paid for income tax 140,794.98 98,944.98 153,619.

98

127,969.

98

153,619.

98

140,794.

98

140,794.

98

153,619.9

8

140,794.

98

140,794.

98

140,794.9

8

140,794.

98

1,673,339.7

2

Total cash paid 782,978 741,128 795,803 770,153 795,803 782,978 782,978 795,803 782,978 782,978 782,978 782,978 9,379,541



Cash received - - - - - - - - - - - - -



Cash paid


administration

- - - - - - - - - - - - -

Total cash paid - - - - - - - - - - - - -


147


Cash received

Borrowing cash - - - - - - - - - - - - -


Cash paid

Cash paid for interest 0.00 - - - - - - - - - - - 0.00

Total cash paid 0.00 - - - - - - - - - - - 0.00



Beginning cash 6,833,922 7,162,444 7,416,13

6

7,797,40

4

8,118,82

1

8,500,08

9

8,851,43

2

9,202,774 9,584,04

2

9,935,38

5

10,286,72

7

10,638,0

70

Ending cash 7,162,444 7,416,136 7,797,404

8,118,821

8,500,089

8,851,432

9,202,774

9,584,042 9,935,385

10,286,727

10,638,070

10,989,413

10,989,413

148


Cash Flow

31 decemder,2016



Cash received


0

1,111,50

0

1,111,50

0

1,154,25

0

1,068,75

0

1,154,25

0

1,154,25

0

1,068,75

0

1,154,25

0

1,111,500 1,111,50

0

13,423,500


3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.03 22,821.0

3

251,031.37


1

1,134,32

1

1,134,32

1

1,177,07

1

1,091,57

1

1,177,07

1

1,177,07

1

1,091,57

1

1,177,07

1

1,134,321 1,134,32

1

13,674,531

Cash paid




98

140,794.

98

140,794.

98

153,619.

98

127,969.

98

153,619.

98

153,619.

98

127,969.

98

153,619.

98

140,794.9

8

140,794.

98

1,715,189.7

2

Total cash paid 795,803 770,153 782,978 782,978 795,803 770,153 795,803 795,803 770,153 795,803 782,978 782,978 9,421,391



Cash received - - - - - - - - - - - - -



Cash paid


administration

- - - - - - - - - - - - -

149

Total cash paid - - - - - - - - - - - - -

Net cash flow from investment activity 0 - - - - - - - - - - 0 0


Cash received

Borrowing cash - - - - - - - - - - - - -

Total cash received 0 - - - - - - - - - - 0 0

Cash paid

Cash paid for interest 0.00 - - - - - - - - - - 5,000,000

0.00

Total cash paid 0.00 - - - - - - - - - - 5,000,00

0

0.00

Net cash flow from Financing activity 0.00 - - - - - - - - - - -

5,000,00

0

0.00

Net increase/ decrease in cash 358,447 321,418 351,343 351,343 381,268 321,418 381,268 381,268 321,418 381,268 351,343 -4,648,65

7

-746,859

Beginning cash 10,989,413 11,347,859

11,669,277

12,020,620

12,371,962

12,753,230

13,074,647

13,455,915

13,837,183

14,158,600

14,539,868

14,891,211

Ending cash 11,347,859 11,669,2

77

12,020,6

20

12,371,9

62

12,753,2

30

13,074,6

47

13,455,9

15

13,837,1

83

14,158,6

00

14,539,8

68

14,891,21

1

10,242,5

53

10,242,553

150


Balance Sheet

31 decemder,2012


Asset

Current Asset

Cash -249,968 -228,081 -180,543 -133,006 -85,468 -37,930 35,257 82,795 130,333 203,520 225,408 298,595

Total Current Asset -249,968 -228,081 -180,543 -133,006 -85,468 -37,930 35,257 82,795 130,333 203,520 225,408 298,595

Fixed Asset

Operating and Admin fixed asset 5,300,335 5,277,513.97 5,254,692.93

5,231,871.90 5,209,050.87

5,186,229.83

5,163,408.80

5,140,587.77

5,117,766.73

5,094,945.70

5,072,124.67

5,049,303.63


Total Asset 5,050,367 5,049,433 5,074,150 5,098,866 5,123,583 5,148,300 5,198,666 5,223,383 5,248,099 5,298,466 5,297,532 5,347,899

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 50,366.59 49,433.18 74,149.77 98,866.36 123,582.95 148,299.54 198,666.13 223,382.72 248,099.31 298,465.90 297,532.49 347,899.08

Owner Equity - - - - - - - - - - - -

Total Equity 50,366.59 49,433.18 74,149.77 98,866.36 123,582.95 148,299.54 198,666.13 223,382.72 248,099.31 298,465.90 297,532.49 347,899.08


9

5,049,433.18 5,074,149.7

7

5,098,866.36 5,123,582.9

5

5,148,299.5

4

5,198,666.1

3

5,223,382.7

2

5,248,099.3

1

5,298,465.9

0

5,297,532.4

9

5,347,899.0

8

151


Balance Sheet

31 decemder,2013


Asset

Current Asset

Cash 471,507.06 619,359.71 839,032.35 1,034,765.0

0

1,230,497.6

5

1,426,230.2

9

1,645,902.9

4

1,841,635.5

8

2,037,368.2

3

2,233,100.8

8

2,428,833.5

2

2,648,506.1

7

Total Current Asset 471,507.06 619,359.71 839,032.35 1,034,765.0

0

1,230,497.6

5

1,426,230.2

9

1,645,902.9

4

1,841,635.5

8

2,037,368.2

3

2,233,100.8

8

2,428,833.5

2

2,648,506.1

7

Fixed Asset

Operating and Admin fixed asset 5,049,304 5,026,482.6 5,003,661.6 4,980,840.5 4,958,019.5 4,935,198.5 4,912,377.4 4,889,556.4 4,866,735.4 4,843,914.3 4,821,093.3 4,798,272.3


Total Asset 5,520,810.69 5,645,842.3

1

5,842,693.9

2

6,015,605.5

3

6,188,517.1

5

6,361,428.7

6

6,558,280.3

7

6,731,191.9

8

6,904,103.6

0

7,077,015.2

1

7,249,926.8

2

7,446,778.4

4

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 520,810.69 645,842.31 842,693.92 1,015,605.53

1,188,517.15

1,361,428.76

1,558,280.37

1,731,191.98

1,904,103.60

2,077,015.21

2,249,926.82

2,446,778.44

Owner Equity - - - - - - - - - - - -

Total Equity 520,810.69 645,842.31 842,693.92 1,015,605.5

3

1,188,517.1

5

1,361,428.7

6

1,558,280.3

7

1,731,191.9

8

1,904,103.6

0

2,077,015.2

1

2,249,926.8

2

2,446,778.4

4


1

5,842,693.9

2

6,015,605.5

3

6,188,517.1

5

6,361,428.7

6

6,558,280.3

7

6,731,191.9

8

6,904,103.6

0

7,077,015.2

1

7,249,926.8

2

7,446,778.4

4

152


Balance Sheet

31 decemder,2014


Asset

Current Asset

Cash 2,977,028 3,230,720 3,611,988 3,963,331 4,314,673 4,666,016 5,017,359 5,398,626 5,749,969 6,101,312 6,452,654 6,833,922


Fixed Asset

Operating and Admin fixed

asset

4,798,272 4,775,451.

23

4,752,630.

20

4,729,809.

17

4,706,988.1

3

4,684,167.

10

4,661,346.0

7

4,638,525.0

3

4,615,704.00 4,592,882.97 4,570,061.93 4,547,240.90


Total Asset 7,775,300 8,006,172 8,364,618 8,693,140 9,021,662 9,350,183 9,678,705 10,037,151 10,365,673 10,694,195 11,022,716 11,381,163

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity


5

3,006,171.

66

3,364,618.

28

3,693,139.

89

4,021,661.5

0

4,350,183.

11

4,678,704.7

3

5,037,151.3

4

5,365,672.95 5,694,194.57 6,022,716.18 6,381,162.79

Owner Equity - - - - - - - - - - - -


5

3,006,171.

66

3,364,618.

28

3,693,139.

89

4,021,661.5

0

4,350,183.

11

4,678,704.7

3

5,037,151.3

4

5,365,672.95 5,694,194.57 6,022,716.18 6,381,162.79


8,006,171.662

8,364,618.275

8,693,139.888

9,021,661.501

9,350,183.114

9,678,704.727

10,037,151.340

10,365,672.953

10,694,194.566

11,022,716.179

11,381,162.792

153


Balance Sheet

31 decemder,2015


Asset

Current Asset

Cash 7,162,444 7,416,136 7,797,404 8,118,821 8,500,089 8,851,432 9,202,774 9,584,042 9,935,385 10,286,727 10,638,070 10,989,413


Fixed Asset


7

4,501,598.8

3

4,478,777.8

0

4,455,956.7

7

4,433,135.7

3

4,410,314.7

0

4,387,493.6

7

4,364,672.6

3

4,341,851.6

0

4,319,030.5

7

4,296,209.5

3

Total Fixed asset 4,547,240.90 4,524,419.87

4,501,598.83

4,478,777.80

4,455,956.77

4,433,135.73

4,410,314.70

4,387,493.67

4,364,672.63

4,341,851.60

4,319,030.57

4,296,209.53


1

11,940,556.

02

12,299,002.

63

12,597,599.

24

12,956,045.

86

13,284,567.

47

13,613,089.

08

13,971,535.

70

14,300,057.

31

14,628,578.

92

14,957,100.

54

15,285,622.

15

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 6,709,684.41 6,940,556.02

7,299,002.63

7,597,599.24

7,956,045.86

8,284,567.47

8,613,089.08

8,971,535.70

9,300,057.31

9,628,578.92

9,957,100.54

10,285,622.15

Owner Equity - - - - - - - - - - - -

Total Equity 6,709,684.41 6,940,556.0

2

7,299,002.6

3

7,597,599.2

4

7,956,045.8

6

8,284,567.4

7

8,613,089.0

8

8,971,535.7

0

9,300,057.3

1

9,628,578.9

2

9,957,100.5

4

10,285,622.

15


1

11,940,556.

02

12,299,002.

63

12,597,599.

24

12,956,045.

86

13,284,567.

47

13,613,089.

08

13,971,535.

70

14,300,057.

31

14,628,578.

92

14,957,100.

54

15,285,622.

15

154


Balance Sheet

31 decemder,2016


Asset

Current Asset

Cash 11,347,859 11,669,277 12,020,620 12,371,962 12,753,230 13,074,647 13,455,915 13,837,183 14,158,600 14,539,868 14,891,211 10,242,553


Fixed Asset


4,273,388.50

4,250,567.47

4,227,746.43

4,204,925.40

4,182,104.37

4,159,283.33

4,136,462.30

4,113,641.27

4,090,820.23

4,067,999.20

4,045,178.17


3

4,273,388.5

0

4,250,567.4

7

4,227,746.4

3

4,204,925.4

0

4,182,104.3

7

4,159,283.3

3

4,136,462.3

0

4,113,641.2

7

4,090,820.2

3

4,067,999.2

0

4,045,178.1

7


15,942,665.37

16,271,186.99

16,599,708.60

16,958,155.21

17,256,751.83

17,615,198.44

17,973,645.05

18,272,241.67

18,630,688.28

18,959,209.89

14,287,731.50

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 0

Equity


76

10,942,665.

37

11,271,186.

99

11,599,708.

60

11,958,155.

21

12,256,751.

83

12,615,198.

44

12,973,645.

05

13,272,241.

67

13,630,688.

28

13,959,209.

89

14,287,731.

50

Owner Equity - - - - - - - - - - - -


76

10,942,665.

37

11,271,186.

99

11,599,708.

60

11,958,155.

21

12,256,751.

83

12,615,198.

44

12,973,645.

05

13,272,241.

67

13,630,688.

28

13,959,209.

89

14,287,731.

50


76

15,942,665.

37

16,271,186.

99

16,599,708.

60

16,958,155.

21

17,256,751.

83

17,615,198.

44

17,973,645.

05

18,272,241.

67

18,630,688.

28

18,959,209.

89

14,287,731.

50

155


Income Statement

31 decemder,2012

decrease 15% JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Total

Revenue

Sales 654,075 605,625 629,850 629,850 629,850 629,850 654,075 629,850 629,850 654,075 605,625 654,075 7,606,650


Gross Income 573,275 524,825 549,050 549,050 549,050 549,050 573,275 549,050 549,050 573,275 524,825 573,275 6,637,050

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.4

0



Income before interest & tax 11,892 -36,558 -12,333 -12,333 -12,333 -12,333 11,892 -12,333 -12,333 11,892 -36,558 11,892 -99,551

Tax Expense 30% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Net income (loss) for the year 11,891.59 -36,558.41 -12,333.41 -12,333.41 -12,333.41 -

12,333.41

11,891.59 -12,333.41 -12,333.41 11,891.59 -

36,558.41

11,891.59 -

99,550.92

Retain Earning 11,891.59 -24,666.82 -37,000.23 -49,333.64 -61,667.05 -74,000.46

-62,108.87 -74,442.28 -86,775.69 -74,884.10 -111,442.5

1

-99,550.92 -99,550.92

156


Income Statement

31 decemder,2013



Revenue

Sales 839,800 775,200 872,100 839,800 839,800 839,800 872,100 839,800 839,800 839,800 839,800 872,100 10,109,900


Gross Income 759,000 694,400 791,300 759,000 759,000 759,000 791,300 759,000 759,000 759,000 759,000 791,300 9,140,300

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40




Tax Expense 30% 59,284.98 39,904.98 68,974.98 59,284.98 59,284.98 59,284.98 68,974.98 59,284.98 59,284.98 59,284.98 59,284.98 68,974.98 721,109.72


1

93,111.61 160,941.6

1

138,331.6

1

138,331.6

1

138,331.61 160,941.6

1

138,331.61 138,331.61 138,331.61 138,331.6

1

160,941.61 1,682,589.3

6

Retain Earning 38,780.69 131,892.3

1

292,833.9

2

431,165.5

3

569,497.1

5

707,828.76 868,770.3

7

1,007,101.

98

1,145,433.6

0

1,283,765.

21

1,422,096.

82

1,583,038.

44

1,583,038.4

4

157


Income Statement

31 decemder,2014



Revenue

Sales 1,049,750 918,000 1,090,125 1,049,750 1,049,750 1,049,750 1,049,750 1,090,125 1,049,750 1,049,750 1,049,750 1,090,125 12,586,37

5


Gross Income 968,950 837,200 1,009,325 968,950 968,950 968,950 968,950 1,009,325 968,950 968,950 968,950 1,009,325 11,616,775

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.4

0




Tax Expense 30% 122,269.98 75,898.67 127,536.17 115,423.67

115,423.67 115,423.67

115,423.67 127,536.17 115,423.67 115,423.67

115,423.67 127,536.17

1,388,742.81

Net income (loss) for the year 285,296.61 177,096.89 297,584.39 269,321.8

9

269,321.89 269,321.8

9

269,321.89 297,584.39 269,321.89 269,321.8

9

269,321.89 297,584.3

9

3,240,399.

90


2,045,431.94

2,343,016.33

2,612,338.22

2,881,660.11

3,150,982.00

3,420,303.89

3,717,888.28

3,987,210.17

4,256,532.06

4,525,853.95

4,823,438.34

4,823,438.34

158


Income Statement

31 decemder,2015


Revenue

Sales 1,049,750 918,000 1,090,125 1,009,375 1,090,125 1,049,750 1,049,750 1,090,125 1,049,750 1,049,750 1,049,750 1,049,750 12,546,00

0


Gross Income 968,950 837,200 1,009,325 928,575 1,009,325 968,950 968,950 1,009,325 968,950 968,950 968,950 968,950 11,576,40

0

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.4

0





8

82,744.98 134,382.4

8

110,157.4

8

134,382.4

8

122,269.9

8

122,269.9

8

134,382.4

8

122,269.9

8

122,269.9

8

122,269.9

8

122,269.9

8

1,451,939.

72


193,071.61

313,559.11

257,034.11

313,559.11

285,296.61

285,296.61

313,559.11

285,296.61

285,296.61

285,296.61

285,296.61

3,387,859.36


.95

5,301,806.

56

5,615,365

.67

5,872,399.

79

6,185,958

.90

6,471,255.

51

6,756,552.

13

7,070,111

.24

7,355,407.

85

7,640,704

.47

7,926,001.

08

8,211,297.

69

8,211,297.

69

159


Income Statement

31 decemder,2016



Revenue

Sales 1,090,125 1,009,375 1,049,750 1,049,750 1,090,125 1,009,375 1,090,125 1,090,125 1,009,375 1,090,125 1,049,750 1,049,750 12,677,750


Gross Income 1,009,325 928,575 968,950 968,950 1,009,325 928,575 1,009,325 1,009,325 928,575 1,009,325 968,950 968,950 11,708,150

Operating Expense



Depreciation 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 273,852.40





8

110,157.4

8

122,269.9

8

122,269.9

8

134,382.4

8

110,157.4

8

134,382.48 134,382.48 110,157.48 134,382.48 122,269.98 122,269.98 1,491,464.7

2


1

257,034.1

1

285,296.6

1

285,296.6

1

313,559.1

1

257,034.1

1

313,559.11 313,559.11 257,034.11 313,559.11 285,296.61 285,296.61 3,480,084.3

6


.80

8,781,890

.92

9,067,187

.53

9,352,484

.14

9,666,043.

26

9,923,077

.37

10,236,636.

48

10,550,195.

60

10,807,229.

71

11,120,788

.82

11,406,085

.43

11,691,382

.05

11,691,382.

05

160


Cash flow

31 decemder,2012



Cash received



22,821.03

22,821.03

22,821.03 22,821.03 22,821.03

22,821.03

22,821.03

22,821.03

22,821.03

22,821.03 251,031.37


Cash paid



Cash paid for income tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total cash paid 642,183 642,183 642,183 642,183 642,183 642,183 642,183 642,183 642,183 642,183 642,183 642,183 7,706,201

Net cash flow from operating activity 11,892 -13,737 10,488 10,488 10,488 10,488 34,713 10,488 10,488 34,713 -13,737 34,713 151,480


Cash received


Total cash received 0 0

Cash paid


5,300,335

5,300,335

Total cash paid 5,300,33

5

5,300,335

Net cash flow from investment activity -5,300,33

5

-5,300,335

161


Cash received

Borrowing cash 5,000,00

0

5,000,000

Total cash received 5,000,00

0

5,000,000

Cash paid

Cash paid for interest

Total cash paid 0 0

Net cash flow from Financing activity 5,000,000

5,000,000

Net increase/ decrease in cash -288,443 -13,737 10,488 10,488 10,488 10,488 34,713 10,488 10,488 34,713 -13,737 34,713

Beginning cash -288,443 -302,181 -291,693 -281,206 -270,718 -260,230 -225,518 -215,030 -204,542 -169,830 -183,567

Ending cash -288,443 -302,181 -291,693 -281,206 -270,718 -260,230 -225,518 -215,030 -204,542 -169,830 -183,567 -148,855 -148,855

162


Cash flow

31 decemder,2013



Cash received



22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03

22,821.03 22,821.03

251,031.37


0

798,021.0

3

894,921.

03

862,621.0

3

862,621.0

3

862,621.0

3

894,921.0

3

862,621.0

3

862,621.0

3

862,621.

03

862,621.0

3

894,921.

03

10,360,931.

37

Cash paid




8

59,284.98 59,284.98 59,284.98 68,974.98 59,284.98 59,284.98 59,284.9

8

59,284.98 68,974.9

8

721,109.72

Total cash paid 701,468 682,088 711,158 701,468 701,468 701,468 711,158 701,468 701,468 701,468 701,468 711,158 8,427,311


1

115,932.6

5

183,762.

65

161,152.6

5

161,152.6

5

161,152.6

5

183,762.6

5

161,152.6

5

161,152.6

5

161,152.

65

161,152.6

5

183,762.

65

1,933,620.7

2


Cash received


Total cash received

Cash paid


administration

- - - - - - - - - - - -

Total cash paid - - - - - - - - - - - -


163


Cash received

Borrowing cash - - - - - - - - - - - - -


Cash paid


Total cash paid 0.00 - - - - - - - - - - - -

Net cash flow from Financing activity 0 - - - - - - - - - - - -


1

115,932.6

5

183,762.

65

161,152.6

5

161,152.6

5

161,152.6

5

183,762.6

5

161,152.6

5

161,152.6

5

161,152.

65

161,152.6

5

183,762.

65

Beginning cash -148,855 -

10,522.94

105,409.

71

289,172.3

5

450,325.0

0

611,477.6

4

772,630.2

9

956,392.9

4

1,117,545.

58

1,278,69

8.23

1,439,850

.88

1,601,00

3.52

Ending cash -

10,522.94

105,409.7

1

289,172.

35

450,325.0

0

611,477.6

4

772,630.2

9

956,392.9

4

1,117,545

.58

1,278,698.

23

1,439,85

0.88

1,601,003

.52

1,784,76

6.17

1,784,766.1

7

164


Cash flow

31 decemder,2014



Cash received

Cash received on cash sale 1,049,750 918,000 1,090,125 1,049,750 1,049,750 1,049,750 1,049,750 1,090,125 1,049,750 1,049,750 1,049,750 1,090,125 12,586,375


22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 22,821.03 251,031.37

Total cash received 1,049,750 940,821 1,112,946 1,072,571 1,072,571 1,072,571 1,072,571 1,112,946 1,072,571 1,072,571 1,072,571 1,112,946 12,837,406

Cash paid




7

127,536.1

7

115,423.6

7

115,423.6

7

115,423.6

7

115,423.6

7

127,536.1

7

115,423.6

7

115,423.6

7

115,423.6

7

127,536.1

7

1,388,742.

81

Total cash paid 764,453 740,903 792,541 780,428 780,428 780,428 780,428 792,541 780,428 780,428 780,428 792,541 9,345,975



Cash received



Cash paid


- - - - - - - - - - - - -

Total cash paid - - - - - - - - - - - - -


165


Cash received

Borrowing cash - - - - - - - - - - - - -


Cash paid


Total cash paid 0.00 - - - - - - - - - - - -




7

2,070,06

3

2,269,981 2,590,386 2,882,529 3,174,672 3,466,815 3,758,958 4,079,363 4,371,506 4,663,649 4,955,792

Ending cash 2,070,063 2,269,98

1

2,590,386 2,882,529 3,174,672 3,466,815 3,758,958 4,079,363 4,371,506 4,663,649 4,955,792 5,276,197 5,276,197

166


Cash flow

31 decemder,2015



Cash received

Cash received on cash sale 1,049,750 918,000 1,090,125 1,009,37

5

1,090,125 1,049,750 1,049,75

0

1,090,12

5

1,049,75

0

1,049,75

0

1,049,75

0

1,049,750 12,546,00

0

Adjust depreciation 22,821.03 22,821.03 22,821.0

3

22,821.03 22,821.03 22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.03 251,031.3

7

Total cash received 1,049,750 940,821 1,112,946 1,032,19

6

1,112,946 1,072,571 1,072,57

1

1,112,94

6

1,072,57

1

1,072,57

1

1,072,57

1

1,072,571 12,797,03

1

Cash paid




8

110,157.

48

134,382.4

8

122,269.9

8

122,269.

98

134,382.

48

122,269.

98

122,269.

98

122,269.

98

122,269.9

8

1,451,939.

72

Total cash paid 764,453 724,928 776,566 752,341 776,566 764,453 764,453 776,566 764,453 764,453 764,453 764,453 9,158,141



Cash received - - - - - - - - - - - - -



Cash paid


administration

- - - - - - - - - - - - -

167

Total cash paid - - - - - - - - - - - - -



Cash received

Borrowing cash - - - - - - - - - - - - -


Cash paid


Total cash paid 0.00 - - - - - - - - - - - -



Beginning cash 5,276,197 5,561,494 5,777,387 6,113,76

7

6,393,622 6,730,002 7,038,12

0

7,346,23

7

7,682,61

8

7,990,73

5

8,298,85

3

8,606,971

Ending cash 5,561,494 5,777,387 6,113,767 6,393,622

6,730,002 7,038,120 7,346,237

7,682,618

7,990,735

8,298,853

8,606,971

8,915,088 8,915,088

168


Cash flow

31 decemder,2016



Cash received

Cash received on cash sale 1,090,125 1,009,375 1,049,75

0

1,049,75

0

1,090,12

5

1,009,37

5

1,090,125 1,090,12

5

1,009,37

5

1,090,125 1,049,750 1,049,75

0

12,677,750


3

22,821.0

3

22,821.0

3

22,821.0

3

22,821.03 22,821.0

3

22,821.0

3

22,821.03 22,821.03 22,821.0

3

251,031.37

Total cash received 1,090,125 1,032,196 1,072,57

1

1,072,57

1

1,112,94

6

1,032,19

6

1,112,946 1,112,94

6

1,032,19

6

1,112,946 1,072,571 1,072,57

1

12,928,781

Cash paid




122,269.98

122,269.98

134,382.48

110,157.48

134,382.48

134,382.48

110,157.48

134,382.48

122,269.98

122,269.98

1,491,464.72

Total cash paid 776,566 752,341 764,453 764,453 776,566 752,341 776,566 776,566 752,341 776,566 764,453 764,453 9,197,666



Cash received - - - - - - - - - - - - -



Cash paid


administration

- - - - - - - - - - - - -

Total cash paid - - - - - - - - - - - - -

169

Net cash flow from investment activity 0 - - - - - - - - - - 0 -


Cash received

Borrowing cash - - - - - - - - - - - - -

Total cash received 0 - - - - - - - - - - 0 -

Cash paid

Cash paid for interest 0.00 - - - - - - - - - - 5,000,00

0

-

Total cash paid 0.00 - - - - - - - - - - 5,000,000

-

Net cash flow from Financing activity 0.00 - - - - - - - - - - -

5,000,000

-

Net increase/ decrease in cash 313,559 279,855 308,118 308,118 336,380 279,855 336,380 336,380 279,855 336,380 308,118 5,308,11

8

8,731,116

Beginning cash 8,915,088 9,228,647 9,508,502

9,816,620

10,124,738

10,461,118

10,740,973

11,077,353

11,413,733

11,693,588

12,029,969

12,338,086

Ending cash 9,228,647 9,508,502 9,816,62

0

10,124,7

38

10,461,1

18

10,740,9

73

11,077,35

3

11,413,7

33

11,693,5

88

12,029,96

9

12,338,08

6

17,646,2

04

17,646,204

170


Balance Sheet

31 decemder,2012


Asset

Current Asset

Cash -288,443 -302,181 -291,693 -281,206 -270,718 -260,230 -225,518 -215,030 -204,542 -169,830 -183,567 -148,855

Total Current Asset -288,443 -302,181 -291,693 -281,206 -270,718 -260,230 -225,518 -215,030 -204,542 -169,830 -183,567 -148,855

Fixed Asset


7

5,254,692.9

3

5,231,871.9

0

5,209,050.8

7

5,186,229.8

3

5,163,408.8

0

5,140,587.7

7

5,117,766.7

3

5,094,945.7

0

5,072,124.6

7

5,049,303.6

3


Total Asset 5,011,892 4,975,333 4,963,000 4,950,666 4,938,333 4,926,000 4,937,891 4,925,558 4,913,224 4,925,116 4,888,557 4,900,449

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity

Retain Earning 11,891.59 -24,666.82 -37,000.23 -49,333.64 -61,667.05 -74,000.46 -62,108.87 -74,442.28 -86,775.69 -74,884.10 -111,442.51 -99,550.92

Owner Equity - - - - - - - - - - - -

Total Equity 11,891.59 -24,666.82 -37,000.23 -49,333.64 -61,667.05 -74,000.46 -62,108.87 -74,442.28 -86,775.69 -74,884.10 -111,442.51 -99,550.92


4,975,333.18

4,962,999.77

4,950,666.36

4,938,332.95

4,925,999.54

4,937,891.13

4,925,557.72

4,913,224.31

4,925,115.90

4,888,557.49

4,900,449.08

171


Balance Sheet

31 decemder,2013


Asset

Current Asset

Cash -10,522.94 105,409.71 289,172.35 450,325.00 611,477.64 772,630.29 956,392.94 1,117,545.5

8

1,278,698.2

3

1,439,850.8

8

1,601,003.5

2

1,784,766.1

7

Total Current Asset -10,522.94 105,409.71 289,172.35 450,325.00 611,477.64 772,630.29 956,392.94 1,117,545.5

8

1,278,698.2

3

1,439,850.8

8

1,601,003.5

2

1,784,766.1

7

Fixed Asset


5,026,482.60

5,003,661.57

4,980,840.53

4,958,019.50

4,935,198.47

4,912,377.43

4,889,556.40

4,866,735.37

4,843,914.33

4,821,093.30

4,798,272.27


3

5,026,482.6

0

5,003,661.5

7

4,980,840.5

3

4,958,019.5

0

4,935,198.4

7

4,912,377.4

3

4,889,556.4

0

4,866,735.3

7

4,843,914.3

3

4,821,093.3

0

4,798,272.2

7


5,131,892.31

5,292,833.92

5,431,165.53

5,569,497.15

5,707,828.76

5,868,770.37

6,007,101.98

6,145,433.60

6,283,765.21

6,422,096.82

6,583,038.44

Liability & Equity

Liability

Long Term note payable 5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

Other - - - - - - - - - - - -

Total Liability 5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

Equity

Retain Earning 38,780.69 131,892.31 292,833.92 431,165.53 569,497.15 707,828.76 868,770.37 1,007,101.9

8

1,145,433.6

0

1,283,765.2

1

1,422,096.8

2

1,583,038.4

4

Owner Equity - - - - - - - - - - - -

Total Equity 38,780.69 131,892.31 292,833.92 431,165.53 569,497.15 707,828.76 868,770.37 1,007,101.9

8

1,145,433.6

0

1,283,765.2

1

1,422,096.8

2

1,583,038.4

4


5,131,892.31

5,292,833.92

5,431,165.53

5,569,497.15

5,707,828.76

5,868,770.37

6,007,101.98

6,145,433.60

6,283,765.21

6,422,096.82

6,583,038.44

172


Balance Sheet

31 decemder,2014


Asset

Current Asset

Cash 2,070,063 2,269,981 2,590,386 2,882,529 3,174,672 3,466,815 3,758,958 4,079,363 4,371,506 4,663,649 4,955,792 5,276,197


Fixed Asset


4,775,451.23

4,752,630.20

4,729,809.17

4,706,988.13

4,684,167.10

4,661,346.07

4,638,525.03

4,615,704.00

4,592,882.97

4,570,061.93

4,547,240.90


7

4,775,451.2

3

4,752,630.2

0

4,729,809.1

7

4,706,988.1

3

4,684,167.1

0

4,661,346.0

7

4,638,525.0

3

4,615,704.0

0

4,592,882.9

7

4,570,061.9

3

4,547,240.9

0


7,045,431.94

7,343,016.33

7,612,338.22

7,881,660.11

8,150,982.00

8,420,303.89

8,717,888.28

8,987,210.17

9,256,532.06

9,525,853.95

9,823,438.34

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000

Equity


5

2,045,431.9

4

2,343,016.3

3

2,612,338.2

2

2,881,660.1

1

3,150,982.0

0

3,420,303.8

9

3,717,888.2

8

3,987,210.1

7

4,256,532.0

6

4,525,853.9

5

4,823,438.3

4

Owner Equity - - - - - - - - - - - -


5

2,045,431.9

4

2,343,016.3

3

2,612,338.2

2

2,881,660.1

1

3,150,982.0

0

3,420,303.8

9

3,717,888.2

8

3,987,210.1

7

4,256,532.0

6

4,525,853.9

5

4,823,438.3

4


5

7,045,431.9

4

7,343,016.3

3

7,612,338.2

2

7,881,660.1

1

8,150,982.0

0

8,420,303.8

9

8,717,888.2

8

8,987,210.1

7

9,256,532.0

6

9,525,853.9

5

9,823,438.3

4

173


Balance Sheet

31 decemder,2015


Asset

Current Asset

Cash 5,561,494.0

5

5,777,386.6

9

6,113,766.8

4

6,393,621.9

9

6,730,002.1

3

7,038,119.7

8

7,346,237.4

3

7,682,617.5

7

7,990,735.2

2

8,298,852.8

7

8,606,970.5

1

8,915,088.1

6

Total Current Asset 5,561,494.0

5

5,777,386.6

9

6,113,766.8

4

6,393,621.9

9

6,730,002.1

3

7,038,119.7

8

7,346,237.4

3

7,682,617.5

7

7,990,735.2

2

8,298,852.8

7

8,606,970.5

1

8,915,088.1

6

Fixed Asset


4,524,419.87

4,501,598.83

4,478,777.80

4,455,956.77

4,433,135.73

4,410,314.70

4,387,493.67

4,364,672.63

4,341,851.60

4,319,030.57

4,296,209.53


0

4,524,419.8

7

4,501,598.8

3

4,478,777.8

0

4,455,956.7

7

4,433,135.7

3

4,410,314.7

0

4,387,493.6

7

4,364,672.6

3

4,341,851.6

0

4,319,030.5

7

4,296,209.5

3


10,301,806.56

10,615,365.67

10,872,399.79

11,185,958.90

11,471,255.51

11,756,552.13

12,070,111.24

12,355,407.85

12,640,704.47

12,926,001.08

13,211,297.69

Liability & Equity

Liability

Long Term note payable 5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

Other - - - - - - - - - - - -

Total Liability 5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

5,000,000.0

0

Equity


5

5,301,806.5

6

5,615,365.6

7

5,872,399.7

9

6,185,958.9

0

6,471,255.5

1

6,756,552.1

3

7,070,111.2

4

7,355,407.8

5

7,640,704.4

7

7,926,001.0

8

8,211,297.6

9

Owner Equity - - - - - - - - - - - -


5

5,301,806.5

6

5,615,365.6

7

5,872,399.7

9

6,185,958.9

0

6,471,255.5

1

6,756,552.1

3

7,070,111.2

4

7,355,407.8

5

7,640,704.4

7

7,926,001.0

8

8,211,297.6

9


10,301,806.56

10,615,365.67

10,872,399.79

11,185,958.90

11,471,255.51

11,756,552.13

12,070,111.24

12,355,407.85

12,640,704.47

12,926,001.08

13,211,297.69

174


Balance Sheet

31 decemder,2016


Asset

Current Asset

Cash 9,228,647 9,508,502 9,816,620 10,124,738 10,461,118 10,740,973 11,077,353 11,413,733 11,693,588 12,029,969 12,338,086 17,646,204


Fixed Asset


4,273,388.50

4,250,567.47

4,227,746.43

4,204,925.40

4,182,104.37

4,159,283.33

4,136,462.30

4,113,641.27

4,090,820.23

4,067,999.20

4,045,178.17


3

4,273,388.5

0

4,250,567.4

7

4,227,746.4

3

4,204,925.4

0

4,182,104.3

7

4,159,283.3

3

4,136,462.3

0

4,113,641.2

7

4,090,820.2

3

4,067,999.2

0

4,045,178.1

7


13,781,890.92

14,067,187.53

14,352,484.14

14,666,043.26

14,923,077.37

15,236,636.48

15,550,195.60

15,807,229.71

16,120,788.82

16,406,085.43

21,691,382.05

Liability & Equity

Liability


Other - - - - - - - - - - - -

Total Liability 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 0

Equity


0

8,781,890.9

2

9,067,187.5

3

9,352,484.1

4

9,666,043.2

6

9,923,077.3

7

10,236,636.

48

10,550,195.

60

10,807,229.

71

11,120,788.

82

11,406,085.

43

11,691,382.

05

Owner Equity - - - - - - - - - - - -


0

8,781,890.9

2

9,067,187.5

3

9,352,484.1

4

9,666,043.2

6

9,923,077.3

7

10,236,636.

48

10,550,195.

60

10,807,229.

71

11,120,788.

82

11,406,085.

43

11,691,382.

05


80

13,781,890.

92

14,067,187.

53

14,352,484.

14

14,666,043.

26

14,923,077.

37

15,236,636.

48

15,550,195.

60

15,807,229.

71

16,120,788.

82

16,406,085.

43

11,691,382.

05

175

Chapter 8

Risk Management

8.1 Risk analysis

176

Risk is the quantifiable likelihood of loss or less-than-expected returns or situation

dissatisfaction which happen in the future and impact or operation weren’t successful the

objective and goal of organization (RMUTLL, 2009). Kasalong Thai massage will divide to

analysis into 2 factors as follows internal forces and External forces both operations financial

and administration strategy which may be positive affect by measured the impact got from

likelihood situation.

8.1.1 External Forces Risk caused by external forces which Kasalong Thai massage can’t expect and can’t

control, so Kasalong Thai massage had a plan for protect the risk that may happen from

external factor and support the risk that Kasalong Thai massage will confront in the future for

the risk that happen from external factors as follows as:

1. Changing in Technology

Now the technology is rapidly changing which is the indirect risk to Kasalong

Thai massage, because part of Kasalong Thai massage this our business is a

traditional Thai massage use the chiropractor and massage alone. Do not use the

technology involved. The indirect will be in the queue for service system in of

massage.

2. Changing in Customer Need

The need of customer in the service of Kasalong Thai massage may change

the cause to different such as Massage oil. Body massage using oils extracted from

nature, a relaxing massage. A traditional Thai massage is healthy, which directly

affect the body and mind, Foot massage her feet, the balance in the body, allows the

system to circulate them. Moreover there are a lot of competitor’s businesses it is

choice for customer choose. In this cause are the direct risk to the business that may

occur which will affect to sales and revenue. From above the reasons is risk that

affects to changes the demand of buying behavior of customer. Kasalong Thai

massage must to risk management for consideration customer demand is important.

177

So Kasalong Thai massage should using the Marketing strategy by our business have

to environment serving make customer good feel and relax cause is the Thai Lanna

style and ancient house, our business complete business in service and have

promotion for member customer to come always service.

3. Economic Condition

This economic problem is a big problem in Thailand. Its affect to the customer

population has decreased significantly. Investment in private is lower all over

investment in country and foreign country, public spending that reduced because of

lower revenues. So the people must be more carefully in spending its make the

purchase are decrease (Eureka, 2008). That problem are risk that affect to decrease

sales

From above the reasons, Kasalong Thai massage must manage risk by setting

the strategies are appropriate by promotes increase sales in during the festival,

handing out flyers, create a website and promote. Moreover Kasalong Thai massage

provide variety promotion for respond to all level of customer demand which has the

price a medium level for customers who want to use the service for customer decision

to use service. In not well economic period it’s make the customer satisfaction and

affect to increase sales. When variety service the customer can has more choice.

Moreover its can make the customer satisfaction and can attract a lot of customers.

When we creating these strength the competitor difficult to enter the market and later

can make high profit.

4. Competitive Condition

There are many entrepreneurs interested to open Thai massage that gives full

service in Chiang Rai. After that the Thai massage business becomes the business

which is very popular. Then the affects of Thai massage business is high competition.

Then, it makes more growth market and there are varieties of services that customers

can make decision for choosing. So, there is capacity in competitive condition in the

market. Then, there is cut pricing between competitions which it affects to market

178

share. In this reason, it is risk that can affect to Kasalong Thai massage which it can

reduce sales.

From above reasons, Kasalong Thai massage must to determine strategy for

competing with competitors in the market by looking opportunity to build

differentiation in our services, prices, promotion for increase quality of services for

efficient. When there are varieties of services which the customers have more choices

for decision servicing. Therefore, it can make customer satisfaction and more

attractive customers. If Kasalong Thai massage is strength which the others

competitors is difficult to entry market, so Kasalong Thai massage can expand the

market which there are increase customers. Then, Market Share will improve which it

makes more profit.

5. The risk of fire

This business our Thai massage builds is ancient house. The wood used in

building. Have to the risk of fire, because our business have to the oil massage, As

well as fuel, Risk of fire, so our business is protected with the use of wood for the fire

risk to a minimum and our business make the fire insurance for stability of business

when having fire to company.

8.1.2 Internal risk

Internal forces are many causes that effect to driving and control the risk of business.

Employee management is emphasizing matter to control these risks within operating of

business internal risk as follows as:

179

1. Human resources

Our clinic is a Thai massage that aim at the diseases preventing so the

satisfaction of customer is a driver of business to growth up. Hence, a satisfaction of

customer occur from they look we have the expert massage therapist that make the

trustworthiness to them. So if we lack this factor it's a risk to effect cause a loose of

benefit. Therefore, we have to prepare to fulfill in this affair through the massage

therapist recruitment so all massage therapist that we select to work in our clinic must

past the certificate of art therapy everyone.

2. Quality of service

There are many customers come to our health center which is more than kind

of performance can manage, so these might cause the problem of services and

customer satisfaction management and other of problems. When we have those

problems it's might to effect decrease the benefit and hang behind the competitors.

For example, some masseur tried or bored the job and works not the most of service

because we lack a quality in satisfaction of customer. This is internal risk that we have

to prepare to solve them. Hence, we always have to train all employees and massage

therapists to realize in the quality of service and satisfaction of customers for the

benefit of clinic and themselves. And increase the diligent for the employee that have

great job or work on over time.

3. Customer management

The vital thing that indicate that we have a risk that is the expression of

customers. So each customer have a social base that different so perhaps we might

lack a royalty customer it's not cause our company but occur from those customer by

economic change ,belief change, social change that cause some customers may don't

like to massage. So, these risk we might not to solve them in directly but we have to

prepare to solve them by indirectly is ask some comment from the customers might

from bring the issue directly in talking of all in day's work or comment box for always

update the satisfaction of customers.

180

Risk management conclusion

Risk is the opportunity that Kasalong Thai Massage Company will get loss income

or the business can’t operate successful to target planning. Our company’s risks can divide to

2 parts. First is risk from external factor. Second is risk from internal factor. The external

factor risk is hard to predict and can not to control, such as economic risk, changing in

demand of customer risk and have competitor risk. The internal factor risk is we often to

confront in the organization, and it is the risk that we can control it, such as integrity risk, and

human resources risk. The last risk is financial risk, such as if our income have to reduce it is

directly to effect to our company’s income will also reduce too, in the sometime, if our

company expense increase, it will effect to our company’s payback period will have long

time. About interest rate is not more effect to our company, because it effect a little in our

income statement, so financial risk is important to our company. We must always to maintain

and control cost, in addition we should to development marketing strategy of company for

attracting more customers, that is to increase our company net income and our business can

continue to survive.

181

Chapter 9

Summary

182

Summary of project feasibility study

Today's the cultures of Thai massages are varying in each local, Thai massage is an

invaluable knowledge of the history and stories that are legendary for a long time. Massage or

medical massage is a therapeutic way. This is the treatment of certain diseases as well. The

disease can be treated with medication or injection drug use. Massage is a very important role

in the treatment. This can be seen that massage plays an important role in the treatment of

disease present. It is believed that the treatment has to start from the peer support within the

family, the treatment of self-help within the family and the skills and confidence. Massage

can help with your illness, the popular and reliable service from a career as a chiropractor.

The current situation of Thai massage is gaining wide popularity among both Thais

and foreigners. Thai massage has many schools, both public and private sectors such as Wat

Po School of Massage, School of Ayurveda, Institute of Technology and a chiropractor

Saitapikar School and private sector resources, especially during the economic crisis of the

country. Many people lose their jobs, Ministry of Health in collaboration with the Ministry of

Labour, Development of teaching massage, and The School of Thai Massage to the

unemployed. To study the self-employed in the primary, the alleviation of suffering when the

country was in crisis, to encourage institutions the course teaches Thai massage to the same

standard. The results show that a Thai massage can bring income to the country annually over

one billion baht.

Nature of industry is Thai Traditional massage is a valuable and indigenous body of

wisdom from our Thai ancestors. It was seen that Thai massage had an important role for

treatment from the past until now. It was believed that Thai massage was originated to cure

themselves within the family, for example, husband giving massage to his wife, children

giving massage to their parents and grandparents. They gave a massage by using parts of the

body such as elbows, knees and feet to self- massage, In addition, Thai-style exercise was

used to adjust anatomy by oneself easily. Due to the fact that they had the knowledge of

massage within the family, they could give a massage to neighbors. Finally the clients or

patients trusted that Thai massage was a popular, efficient and respectable way of curing, and

it became one of the most famous occupations.

183

Situation of industry is Information from the public health of the Thai Traditional

Medical Services from 2003-2008 is divided into four sectors based on annual data broken

down by age group, gender, etiology, and the service you deserve.

Product and Service, Kasalong Thai massage has services two parts, including

treatment massage and foot massage. A treatment massage has price about 350 baht per hour,

and a foot massage has price about 250 baht per hour.

In term of marketing analysis, we provide are five factors, such as general

environment analysis, political factor, economic factor, socio-cultural factor, and

technological factor.

Competitor, we divide two group competitor of Kasalong Thai massages are direct

competitor and indirect competitor. Direct competitor comprise of School of Traditional and

Alternative Medicine at Chiang Rai Rajabhat University, Mae Fah Luang University

Hospital, Chiang Rai Prachanukroh hospital. Indirect competitor comprise of Ausapron Thai

Massages, Aumpron Thai Massages, Wangcom massage.

Sale forecast of Kasalong Thai massage in five year, the first year Kasalong Thai

massage get total revenue 8,949,000 baht per year, second year get total revenue 11,894,000

baht per year, third year get total revenue 14,807,500 baht per year, fourth year get total

revenue 14,760,000 baht per year, fifth year get 14,915,000 bath per year.

Marketing Expenses are beverages and advertisement. Beverage, we will arrange

some herbals for customers such as pandan juice, ginger, and tea. Advertisement, the

Kasalong Thai Massage is advertised on its own website and brochure and gift for welcome

the customers at the store.

In term of investment cost, we provide in following:

1. Product: treatment massage service and foot massage service.

2. Location: land and building cost.

3. Pattern inside of health center cost: house reception and house massage.

4. Cost of Machine Tools and Equipment.

5. Cost of internet and telephone.

The operation cost for a massage, we provide two raw materials are Thai herb ball,

and Original foot cream.

184

Management analysis, we provide employment in following:

1. General manager

2. Accountant

3. House keeper

4. Sale person

5. Thai traditional massage practitioner(certificate)

6. Traditional Thai Massage Practitioner (The Art of the disease.)

Administration cost, we divide administration in following:

1. Employee salary

2. Stationary expense

3. Electricity expense

4. Water expense

5. Internet and telephone expense

6. Fire Insurance.

In term of finance analysis, Kasalong Thai massage has profit all year and every year.

In term of risk management, we analysis are two force, including external force and

internal force.

External forces include:

Changing in Technology - Now the technology is rapidly changing which is the

indirect risk to Kasalong Thai massage, because part of Kasalong Thai massage this

business is a traditional Thai massage use the chiropractor and massage alone.

Changing in Customer Need - The need of customer in the service of Kasalong Thai

massage may change the cause to different such as Massage oil. Body massage using

oils extracted from nature, a relaxing massage.

Economic Condition - This economic problem is a big problem in Thailand. Its affect

to the customer population has decreased significantly.

Competitive Condition - There are many entrepreneurs interested to open Thai

massage that gives full service in Chiang Rai. After that the Thai massage business

becomes the business which is very popular.

185

The risk of fire - This business our Thai massage builds is ancient house. The wood

used in building. Have to the risk of fire, because our business has to the oil massage,

as well as fuel.

Internal forces include:

Human resources - Our clinic is a Thai massage that aim at the diseases preventing so

the satisfaction of customer is a driver of business to growth up. Hence, a satisfaction

of customer occur from they look we have the expert massage therapist that make the

trustworthiness to them.

Quality of service - There are many customers come to our health center which is

more than kind of performance can manage, so these might cause the problem.

Customer management - The vital thing that indicate that we have a risk that is the

expression of customers. So each customer have a social base that different so

perhaps we might lack a royalty customer it's not cause our company but occur from

those customer by economic change ,belief change, and social change.

These information are collected in report for analysis all part of the Kasalong Thai massage

health center.

186

Appendix

187

บทสัมภาษณ์

นักศึกษา: สถานท่ีนีเ้ป็นแพทย์แผนไทยแบบไหน?

หมอแพทย์แผนไทย: เป็นการรักษาแบบนวดตวัและนวดฝ่าเท้า.

นักศึกษา: ผู้ รับบริการสว่นใหญ่เป็นใครบ้าง?

หมอแพทย์แผนไทย: คนสว่นมากเป็นผู้สงูอาย ุอายรุะหวา่ง 60-70 ปี.

นักศึกษา: คาราของการรักษาแตล่ะการรักษาราคาเทา่ไหร่?

หมอแพทย์แผนไทย: นวดตวัราคา 200 บาทตอ่หนึง่ชัว่โมงคร่ึง, สว่นนวดเท้าราคา 150 บาทตอ่หนึง่ชัว่โมง.

นักศึกษา: การเข้ารับบริการแตล่ะเดือนเป็นยงัไงบ้าง? จ านวนคนมากน้อยเทา่ไหร่?

หมอแพทย์แผนไทย: นวดรักษาทัง้สองอยา่ง ประมาน 15 คนตอ่วนั และคนไข้สว่นใหญ่มีสทิธิบตัรการรักษา, สว่น

การมารับบริการการนวดเพื่อรักษาขึน้อยูก่บัลกูค้าและไมเ่ก่ียวกบัฤดกูาล

นักศึกษา: เจ้าหน้าที่ของศนูย์แพทย์แผนไทยมีจ านวนเทา่ไหร่แล้วมกีารจดัระเบียบการท างานยงัไง

บ้าง?

หมอแพทย์แผนไทย: จ านวนแพทย์ที่มใีบประกอบโลกศิลป์มีสามคน หนึง่คนเป็นหวัหน้าเวร อีกคนออกชมุชน และ

อีกหนึง่คนเป็นหวัหน้าหมอนวดรักษา และมีหมอนวดอีกสีค่นที่ท าหน้าที่ในการนวดรักษา.

นักศึกษา: หมอพอจะมยีอดรวมของผู้ใช้บริการการนวดเพื่อรักษาภายในหนึง่ปีไหม?

หมอแพทย์แผนไทย: ยอดรวมหนึง่ปีหมอไมม่ีครับ แตม่ีแคช่ว่งเดือนพฤศจิกายน กบัเดอืนธนัวาคม ของปี 2554;

เดือนพฤศจิกายน มีนวดเพื่อรักษา 262 คน, นวดฝ่าเท้า 302 คน.

เดือนธนัวาคม มีนวดเพื่อรักษา 207 คน, นวดฝ่าเท้า 247 คน.

นักศึกษา: ปัญหาที่เกิดขึน้ในศนูย์แพทย์แผนไทยเป็นยงัไงบ้าง?

หมอแพทย์แผนไทย: ปัญหาที่ศนูย์คือ จ านวนเจ้าหน้าที่ทัง้แพทย์และคนนวดมจี านวนน้อย.

นักศึกษา: การจา่ยเงินเดือนให้พนกังานแตล่ะบคุคลเป็นยงัไงบ้าง?

หมอแพทย์แผนไทย: จ่ายเงินเดือนตามอตัราจ้าง.

นักศึกษา: ความคาดหวงัของศนูย์แพทย์แผนไทยในอนาคตนา่จะเป็นไปในทศิทางใดได้บ้าง?

188

หมอแพทย์แผนไทย: ความคาดหวงัของศนูย์แพทย์แผนไทยก็คือ มีจ านวนแพทย์แผนไทยเพิ่มขึน้ ให้เพียงพอตอ่

การให้บริการการรักษาผู้ ป่วย.

อ้างอิง: จากการสัมภาษณ์ศูนย์แพทย์แผนไทยของโรงพยาบาลเชียงรายประชานุเคราะห์, 6 กุมภาพนัธ์ 2555

189

Image from Thai massage center of Chiang Rai Hospital.

190

191

192

193

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ii http://library.cmu.ac.th/faculty/econ//Exer751409/2550/Exer2550_84

iii

https://docs.google.com/viewer?a=v&q=cache:PS_iFKOyU94J:www.thaihealingalliance.com/membersonly/Re

search_and_Other_Items_of_Interest/Authentic_Thai_Traditional_Massage.pdf+&hl=th&pid=bl&srcid=ADG

EESjA6tInbB-cDVhLqXujoYC-JTz6owFdy4Ti4c1KORtH-

gx8RKsaA8mFfkqysugZNYMyTZHWnbjSI2zA0IhTOFgxfpX0Y86E-

cDKI9eJ5kznurHdaU5wenAALhVOXG_kq5iUoOaP&sig=AHIEtbR03NfWi2l_Bc-Rp-t2vI0jm0fiNw

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v

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6

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x Data from Chiang Rai Prachanukroh hospital

xi

http://tongmassage.wordpress.com/2010/12/09/%E0%B8%AD%E0%B8%B8%E0%B

8%A9%E0%B8%B2%E0%B8%9E%E0%B8%A3%E0%B8%99%E0%B8%A7%E0

%B8%94%E0%B9%81%E0%B8%9C%E0%B8%99%E0%B9%84%E0%B8%97%E

0%B8%A2/

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http://livingsabai.com/BRIEF-HISTORY-OF-THAI-MASSAGE.html

http://www.mrd.go.th/ac/stat.asp

http://m.thairath.co.th/content/edu/230122



http://thisismedical.com/medical_detail.php?id=15601

http://hospital.mfu.ac.th/Thai%20massage.html

http://tongmassage.wordpress.com/2010/12/09/%E0%B8%AD%E0%B8%B8%E0%B8%A9%E0%B8%B2%E0%B8%9E%E0%B8%A3%E0%B8%99%E0%B8%A7%E0%B8%94%E0%B9%81%E0%B8%9C%E0%B8%99%E0%B9%84%E0%B8%97%E0%B8%A2/




194

xii

https://th.foursquare.com/v/%E0%B8%AD%E0%B8%B3%E0%B8%9E%E0%B8%A3%E0

%B8%99%E0%B8%A7%E0%B8%94%E0%B9%81%E0%B8%9C%E0%B8%99%E0%B9

%82%E0%B8%9A%E0%B8%A3%E0%B8%B2%E0%B8%93/4e901fa3550342b5a4178d70

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xiv

http://www.winnerfurnitures.com/product_sub.php?mem=&pid=1332&p=7&sid=34&img=i

mages/product/946722.jpg

xv

http://www.winnerfurnitures.com/product_sub.php?mem=&pid=2120&p=5&sid=26&img=i

mages/product2/13110962964_l.jpg

xvi

http://www.winnerfurnitures.com/product_sub.php?mem=&pid=1874&p=7&sid=32&img=images/product2/12968800014_l.jpg xvii

http://www.siammakro.co.th/main/en/mail_hot.php?page=13

xviii

http://www.powerbuy.co.th/ProductDetailPage.aspx?Prod_Code=PWB000181415 xix

http://chantraspa.com/product.php?id_product=77 xx

http://www.sinthaneegroup.com/index.php?page=shop.product_details&flypage=flypage.tpl&product_id=136&category_id=16&vmcchk=1&option=com_virtuemart&Itemid=45 xxi

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http://www.spathaishop.com/?cid=59497&subid=16274 xxiii

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http://www.spathaishop.com/%E0%B8%9C%E0%B9%89%E0%B8%B2%E0%B8%84%E0%B8%B2%E0%B8%94%E0%B8%A3%E0%B8%B8%E0%B9%88%E0%B8%99%E0%B9%83%E0%B8%AB%E0%B8%A1%E0%B9%88-%E0%B8%A5%E0%B8%B2%E0%B8%A2%E0%B9%84%E0%B8%97%E0%B8%A2%E0%B8%A5%E0%B8%B2%E0%B8%A2%E0%B8%8A%E0%B9%89%E0%B8%B2%E0%B8%87%E0%B9%84%E0%B8%97%E0%B8%A2-CID59497P199919.html xxv

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https://th.foursquare.com/v/%E0%B8%AD%E0%B8%B3%E0%B8%9E%E0%B8%A3%E0%B8%99%E0%B8%A7%E0%B8%94%E0%B9%81%E0%B8%9C%E0%B8%99%E0%B9%82%E0%B8%9A%E0%B8%A3%E0%B8%B2%E0%B8%93/4e901fa3550342b5a4178d70



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http://www.winnerfurnitures.com/product_sub.php?mem=&pid=1332&p=7&sid=34&img=images/product/946722.jpg

http://www.winnerfurnitures.com/product_sub.php?mem=&pid=2120&p=5&sid=26&img=images/product2/13110962964_l.jpg

http://www.winnerfurnitures.com/product_sub.php?mem=&pid=2120&p=5&sid=26&img=images/product2/13110962964_l.jpg

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195

xxviii

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