Group Innovative Report Final Touch.docx

Faculty of Business, Accountancy & Management (FOBAM) Course Details: Module Code and Title

:

BUS2583 INNOVATIVE & CREATIVE SKILLS IN BUSINESS

Programme of Study

:

BACHELOR OF BUSINESS MANAGEMENT (HONS)

Lecturer’s Name

:

Miss HARJINDER KAUR A/P BALBIR SINGH

Semester

:

FEBRUARY 2017

Title of Assignment

:

GROUP COURSEWORK 2 BUSINESS PLAN

Due Date

:

5th April 2017

Submission Date

:

5th April 2017

Type (* please tick [√])

:

Assignment Details:

√

Individual

G roup

Declaration by student(s): I/We, hereby declare that the attached assignment is my/our own work and understand that if I/we am/are suspected of plagiarism or another form of cheating, my/our work will be referred to the Programme Coordinator/Head of Faculty who may, as a result recommend to the Examinations Board on academic disciplinary action including expulsion for the SEGi University and Colleges. Student’s Details: Name : MOHAMMED AHMED NAJI GHALEB Student ID: SUKD1601341 Signature: _____________ Name :

NUR ZAKIRAH BINTI HUSSIN_________Student ID: SUKD1601506

Name :

RAWAN FAISAL ABDO M. ALAREQI

Student ID: SUKD1504781 Signature: _____________

Name :

NUR FARZANAH BT MOHD NAZIM

Student ID: SUKD1601537 Signature: _____________

Name :

MOHAMMED MOHSEN MOHSEN____ AL-YAFEAI Name : YOOSUF ADHUHAM AZUHEEM______

Submission Checklist:

1.

CW Assessment Sheet

2.

Coursework CD with coursework

Student ID: SUKD1602071 Signature:_____________ Student ID: SUKD1601688 Signature:_____________

Reminder:

Coversheet

Turnitin Report

Signature: _____________

Students are reminded to keep a copy of all the coursework submitted. All LATE SUBMISSION will be DEDUCTED 10% a day up to a maximum of FIVE (5) days, where subsequently, the coursework will be awarded ZERO (0).

Overall Marks:

/100

Table of Content Coursework 2 Group – (Business Plan) 1.0 Executive Summary

…………………………………….. 3

2.0 Business Description & Vision

…………………………………….. 4

- Company Logo - Mission & Vision - Business Profile - Objectives

3.0 Definition of the Market

…………………………………….. 5

4.0 Descriptions of the Products & Services ……………………………. 6 - Introduction of ‘Echo’ - Features - Specifications - Manual - Packaging

5.0 Organization & Management

…………………………………….. 7

- Legal Structure - Key managers - Organizational structure 6.0 Marketing & Sales Strategy

…………………………………….. 8

- Product - Place - Promotion

7.0 Financial Management

…………………………………….. 9

-Financial projection -Set up projection -Nature of projection

8.0 Conclusion

…………………………………….. 10

1.0 Executive Summary Mansoura & Co was established in 1st January 2014. Company was started with the capital of RM420,000. The headquarters is based in KLCC level 3. Mansoura Company encourages our workers to come out with the most of their creativeness and innovativeness by contributing new ideas intended for the growth of the company. The total workers in Malaysia are 20 peoples over all. Mansoura Electronics had produced many products and technologies. However, our main novel and innovative products is known as Echo. We have our own website as well and customers can order their purchases from our websites and we will deliver the order to the requested destination of the customers. In 2014, Mansoura sales were dropping in the first beginning of the years. However, we had slowly made some changes and improvement in the following years. With a lot of handworks and improvements we manage to overcome the loss that we made. In 2016, Mansoura had finally reach the target sales and hope for the better future.

2.0 Business Description & Vision

Mission The mission of the company; Mansoura & Co are to committed to be the best company to Protect the property of people from loss or the Mansoura's vision is to be renowned as the best of the best authorized reseller that provides the most authentic products from wellknown producers to our society from beginning to end. Also, to provide remarkable customer services in excellence that exceeds our consumer’s expectations. Furthermore, we wish to make these genuine products to be globalized through the words from our customers. In order to be known as a company that puts good ethical values into practice, Mansura would like to implement its vision to the following. Customers Providing them with a quality service, by focusing on providing genuine products while having a good interaction with customers to help them find what they need most from our wide range of products from different suppliers. Selling goods at a reasonable price that compliments the high quality products is one the element taken into consideration. We also ensure in giving comfortable and convenient environment that leaves our customer’s with a smile when they leave our outlets. Lastly, we make no rooms for errors in the context of providing information about the products we produce and the services we render.

Employees We are dedicated to provide a secure and contented working environment to keep our employees happy and also create opportunities for them to prosper in their job to a higher position. We also encourage them to make the most of their creativeness and innovativeness by contributing new ideas intended for the growth of the company. The total workers in Malaysia are 20 peoples over all. Other than that, we want to shape the team work approach into our day-to-day business operations by implementing trainings, programs and boost their togetherness value. There isn’t one business entity that is ideal for every single business. Your ideal entity depends on several factors, including your industry, location, number of owners and exit strategy. CEO Top Managers Mr. Albert Carbonara Mr. Yoosuf (Financial manager) Ms. Zakirah (Marketing manager) Mr. Yafeai (Operational manager) Ms. Farzanah (Human Resource manager) Ms. Rawan (Administration) Mr. Mohammed (Sales manager)

How the business got started Mansoura Company got started by the combination of the ideas from 5 entrepreneurs with extraordinary determination. Mansoura started from scratch. Established in Malaysia started as a very small company with the managers we have right now, also with a very few employees. The rankings and brand values were determined by International Brand Quality, the world’s premier brand ranking organization. CIMB bank aided us financially by providing us with a business loan in order to expand our business. Moreover, the people in the top managers’ positions such as the financial manager, the operational manager and marketing manager guided and helped us to start and run the business from the beginning.

3.0 Definition of the Market Types of Market There are quite a few different market structures that can characterize an economy. Such as, perfect competition, monopolistic competition, oligopoly, and monopoly. Each of them has their own set of characteristics and assumptions, which in turn affect the decision making of firms and the profits they can make. However, Mansoura & Co pioneering in Monopoly market. Monopolistic competition also refers to a market structure, where a large number of small firms compete against each other. The brand image driver for Mansoura is the Mansoura’s Technology such as the Echo Alarm. This gives them a certain degree of market power which allows them to charge higher prices within a certain range. Target Market Mansoura & Co producing the safety product that has modern technology which is suitable for all ages and genders. The product known as Echo. It helps us to prevent strangers from touching our belongings. This Echo product will make sound when there is any unknown people touch the owner’s belonging. Thus, this Echo can be used for many people regardless of the races, status, ages and genders. Service in the Market Echo serve safety precaution to the owner’s in order to make them alert if there is any one try to snatch their belongings. Obviously, everyone need this product as every each of us have own personal belongings. Echo personal alarm can provide another line of defense and an increased sense of security. People might lose their attention sometimes due to some other things; it can easily lose your attention to your belongings, so that it could be good chance for someone to snatch and steal your belonging. Hence, Mansoura’s Echo personal alarm can alert you.

4.0 Descriptions of the Products & Services

General descriptions of Echo device:

If you find yourself in a situation where your personal security is being threatened therefore, a good technology is made to prevent it. Echo security alarm is designed to catch attention for the owner and the people surround you as it will make noisy sound when strangers touch the belongings. It provides the customers with the simple steps to setup the device. This device can trigger the alarm sound at a hundred and thirty decibels. ‘Echo alarm’ is very easy to carry all along as it is very small and can fit in any compartments. The founders of Mansoura were inspired by the threaten women in daily life so they came out with the ideas to create safety devices that are small appealing and easy to use. It is very useful for early morning runners, late night commuter users or even if you are traveling solo and exploring a new city there are many times that you can feel vulnerable when you are out and alone. Echo personal alarm can provide another line of defense and an increased sense of security. When sitting in a public place like bus stop or garden, you might lose your attention like check some messages in phone can easily loses your attention to your belongings, so that it could be good chance for someone to snatch your belonging. Hence, Mansoura’s Echo personal alarm can alert you. Echo has feature; Bluetooth that allowing you to connect the device to Echo Pro App in mobile from distances of up to 600’ (180m). From the Echo Pro you can setup the device.

Additionally, the Echo Pro App transforms your information and data tablet into your phone wirelessly. Offering full control of all functions and settings. Tracking system in the Echo Pro allows you to trace the device as well.

Advanced Features:

This device is easy to control because it is not complicated to set it up.

We provide simple instructions to set up the device.

Our device has an explicit design. It is different and unique.

It is easy to use the device by connecting it to your phone with Bluetooth.

It has a GPS tracker so that you always can know the location of your belongings.

Provides up to 24 hours of continuous using.

The specifications of Echo: o

130 decibels high alarm sound.

o

Simple One-Button Control.

o

Comes with clasp to attach to handbags.

o

Choice of four colors.

o

3 year standing battery life when not in use.

o

Charge time: 1 hour

o

Size: L80(mm) X W38(mm) X H19(mm) .

o

Weight: 0.162 lb.

o

Testing: by CE.

How it works & How to use: How it works:

o o o o

Download the Echo Pro app in your smart phone. Scan your fingers in the Echo Pro app. Connect it to your Echo. You are ready to use it now.

How to use: 1. After you buy the Echo device, we included the code inside the box of the packaging to use the mobile application of our Echo which we called it as “Echo Pro”. This code will allow only you to use the application because not everyone can use the it since we prioritize the safety of our customers. 2. Then, the user is ready to set up the device. To set up the device, the user need to scan all of his or her fingers in order for the device to recognize the owner. 3. Switch on the Echo device, connect the user’s phone to the Echo with the Bluetooth and the phone will send all of the details to the device.

4. Then, the device is ready to use.

5.0 Organization & Management The first thing we did was thinking what people want in their lives. After we were looking for this we have found that people suffer of snatchers of handbags in the last pots. We tried to solve this problem. After that we came up with a product which helps them. Then we gathered and discussed the idea. Now we are producing our product after we have done a lot of attempts and experiment. Then we sell it to the markets. Legal Structure

LEGAL STRUCTURE

25%

MANSOURA SONY

75%

Above are the company’s shareholders with their percentage of ownership. As you can see from the pie chart, we have partnership with Sony, we work closely together where they help us to make our product and we design it. We have the largest stake in the company which is 75% and Sony, they have about 25%. This will also indicate the percentage of our profit. Company’s Legal Certificates We do not want to face any problem while selling our products. Therefore, we need to protect our company where we will need a license and permits, or special license and this will allows us to sell our product legally because we have the legal certificates. So our customers will trust us, and we can sell our product safely.

Organizational Structure

Key managers within the company:  Our marketing manager’s name is Nur Zakirah Binti Hussin. She is the one who manages any marketing strategies that we are and will use. She is also the one who plans and implements our strategies. For example, she is the one who made and design the website of Mansoura as well as our flyers. Therefore, anything that is related to the marketing will be held by her.

 Human resources manager is Nur Farzanah Binti Mohd Nazim. She is the one who responsible in handling many of the matters pertaining to the employees of a company, such as recruiting and benefits management. Then, she also cooperates with management to help develop long-term strategies for the growth and development of Mansoura Company. Matter relating recruiting offer new employees’ letters of employment or employee contracts, which are drafted by HR staff.

 The Financial Manager’s position is filled by Yoosuf Adhuham Azuheem. He takes care of the financial health of a company. Producing financial reports and developing strategies based on financial research. Guiding senior executives in making sound business decisions in the long and short term. Also, he monitors the day-to-day financial operations within the company, such as payroll, including financial assistants and accountants. In addition to this, he contracts outside services for tax preparation, investments, and other financial needs as necessary. The main focus of his job is to track the company's financial status and performance to identify areas for potential improvement by reviewing the financial data and prepare monthly and annual reports.

 The Operations Manager’s position is filled by Mohammed Mohsen Mohsen ALYafeai. He is responsible for all the daily production activities in all its operations and stages until delivery of the final product and efficiency and reports of the different stages of the results to ensure the quality of the product and delivery of customer requests on the agreed date and to ensure the completion of preventive and remedial maintenance for all production line machines and systems support equipment in general. In addition, his job is planning with the CEO of the sector for the needs of the operations and production department and the implementation and implementation of strategies, objectives, budgets agreed upon with the Board of Directors. Under his responsibility coordinate with the Director of Materials Management on all necessary raw materials and other raw materials used in all production processes and ensure the availability of these materials in all cases to meet the demands of customers.

 The administration manager is Rawan Faisal Abdo Alareqi, she is the one who manages the work to run the business efficiently and making sure that we make and reach our targets. Also, she is providing valuable help throughout the organization, for example she coordinates and organizes the work until final results are reached.

 The sales manager’s name is Mohammed Ahmed Naji Ghaleb. He is the person responsible for follow-up sales in the organization that works in sales management department, and is keen to evaluate all special operations in sales continuously. Known as the sales manager also as an individual who is interested in supervising staff in the sales department of the company and to help them carry out the tasks of their own by directing them, and provide advice to them that contribute to ensuring the success of sales, and are directly related to increased access to the profits.

6.0 Marketing & Sales Strategy Women have become one of the main victim and nowadays both women and men are targeted by snatchers which is affecting our lives. We have come up with a product which we called as Echo. It is a very small device where you can put it in anywhere and you can carry it around. This item is very useful as it can help us to warn us from the snatchers.

Product We mainly target this product for women but everyone from both gender and different range of age can also use this product. The benefits of Echo are, it is very small and customers can carry it around in ease. Second, this device will help the users to save their lives and it is affordable. Also, you can track this device since it has GPS in it. It has sensor and the device will only recognize your fingerprint.

It comes with four colors which are black, silver, gold as well as rose gold and the customers can choose according to their preferences. The rose gold is actually our limited edition because this color represents the breast cancer which means any customers who buy the rose gold, the money will be send to one of the charity. This device is very useful and it also has an explicit design.

Place & Promotion There are few ways to get our Echo which are through our website and also in our show room which is at our headquarters in KLCC Level 3, Section 6. We also have our outlets in Egypt and South Korea. For the customers who buy our products through our website, we will deliver their purchases to their doorstep with a delivery charge according to their area and distance. But starting the next day of our official launching, the first fifty customers will get a free delivery charge and a mystery gift. We are selling our product globally, and for the first one hundred customers from the international buy our Echo, they will also get the promotion.

For our sales strategy, we are using a website and also flyers as well as public relation. The link of Mansoura Electronics website is www.mansouraelectronics.com. In our website,

we have included all of the details such as the price, the specifications, colors and we even explained on how to use and set up the device. Below is how our website looks like.

For the flyers, we will distribute it at certain places such as malls and during our public relations. By doing this, we will be able to reach the customers directly and we will be able to show and explain the device to the customers. Also, the customer can see face to face on how our device looks like because mostly, customers doesn’t believe anything on the internet as well as the product from a website doesn’t meet their expectations. The flyers will include the specifications and the details of our product.

Pricing The price of our product is set according to the cost of the production. We are comparing our product with our competitors who are “Ila Security” and also “Sabre”. The price of our product is RM100 but this device will definitely worth our customers’ money. By comparing our product with our competitor and based on our research, the price of our

competitors’ product are slightly more expensive than ours and their product is very hard to use.

For example, to use our product, you only need to scan your fingerprints and connect it to the Echo. The device can sense the snatchers and other fingerprints which means the users doesn’t need to do anything. For our competitor’s product, after the snatchers snatch the user’s bag, they have to pull something from the device to switch on the alarm. This burden the users a lot because we wouldn’t be able to think and do anything when we are panicking. Their device is not as useful as ours.

In our upcoming plan, we are planning to do something big such as we will attend some of the events that will be held in Bandar Utama, which is in 1utama Shopping Centre. The event name is “The best way to invest 150k” which will be held on Saturday, 29th of April 2017 and there will be lot investors attending the event. The purpose of attending this event is we would like to introduce our new product line and also we are looking for investors to help us to expand our product. In this event, we will explain and show how important our product is as well as how it can help and benefits the investors to gain more profits.

We are also still planning to use more sales strategy such as using the billboards, televisions and posters. Currently, we are still working on our social media pages which are our Facebook page and also Instagram to promote and advertise our product. Most of the youngsters are using the social media nowadays. We are also still working on making events on how to make the youngsters have interest in our product.

7.0 Financial Management Mansoura & Co.’s Financial View. Brief Summary for Financial Projection Year

Total Income (RM)

Profit/(Loss) (RM)

2014

175,240

(227,086)

2015

491,240

28,482

2016

782,400

219,077

Based on our estimation, an amount of ( RM420,000) is required as capital for the purpose of operating our business. About (RM320,000) will be used as a start-up cost expense and the remaining sum will be used for the purpose of transactions and precautionary motive. This is to make certain that business has sufficient cash to undertake our daily operations and circumvent any unforeseen expenses that may arise in future. A loan amounted RM100,000 is needed, which will be paid within a period of 10 years with an interest rate of 4%. FINANCIAL PROJECTION SOURCES OF FUNDS : Capital: YOOSUF ADHUHAM AZUHEEM NUR FARZANAH BT MOHD NAZIM MOHAMMED MOHSEN MOHSEN AL-YAFEAI MOHAMMED AHMED NAJI GHALEB

Ringgit Malaysia 80000 80000 80000 80000 100000 420000

Bank Loan Total RENTAL OF PREMISE If for space 1,600 square

Rental per square feet RM Location- Suria KLCC, 1.5 Level 3

Estimate rental per month RM 2,400.00

6 months deposits RM 14,400.00

12 months rental expense RM 28,800.00

SET UP COST PROJECTION COSTS (RM) 500 1,000 14,400 50,000 60,000 2,200 36,000 800 600 1,000 166,500

Business license Registration fees Deposit- Rental Warehouse Motor vehicles Electricity Computer (6 x RM6000) Printer Insurance Advertisement & promotion TOTAL :

Utilities Fees :

Electricity Rent Telephone & internet charges TOTAL :

Year 1 1 month

12 months

RM 300 350 280

RM 3,600.00 4,200.00 3,360.00

Year 2 1 month RM 380 400 300

12 months

Year 3 1 month

12 months

RM 4,560.00 4,800.00 3,600.00

RM 440 520 350

RM 5,280.00 6,240.00 4,200.00

930.00

11,160.00

1,080.00 12,960.00

1,310.00

15,720.00

Staff costs Year Personal

Partners : Managing Director Financial Manager Operational Manager Human Resource Manager Marketing Manager Sales Manager

TOTAL

RM

2014 EFE (12%) SOCSO (1.75%) RM RM

45,900.00 45,900.00 45,900.00 45,900.00 45,900.00 45,900.00

4,320.00 4,320.00 4,320.00 4,320.00 4,320.00 4,320.00

40,950.00 40,950.00 40,950.00 40,950.00 40,950.00 40,950.00

Gross Salaries

630 630 630 630 630 630

RM

Employees: Cashiers (RM1,700/person) Sales Assistant (RM 1,000/person) Shop Manager (RM900/person) Supervisors (RM800/person) Cleaners (RM800/person) TOTAL Year Personal

Partners : Managing Director Financial Manager Operational Manager Human Resource Manager Marketing Manager Sales Manager Employees: Cashiers (RM1,700/person) Sales Assistant (RM 1,000/person) Shop Manager (RM900/person) Supervisors (RM800/person) Cleaners (RM800/person) TOTAL Year Personal

Partners : Managing Director Financial Manager Operational Manager Human Resource Manager Marketing Manager Sales Manager

52,020.00 30,600.00 27,540.00 36,720.00 24,480.00 446,760.00

4,896.00 2,880.00 2,592.00 3,456.00 2,304.00 42,048.00

Gross Salaries

2015 EFE (12%)

RM

714 420 378 504 336 6,132.00

46,410.00 27,300.00 24,570.00 32,760.00 21,840.00 398,580.00

TOTAL

RM

SOCSO (1.75%) RM

45,900.00 45,900.00 45,900.00 45,900.00 45,900.00 45,900.00

4,320.00 4,320.00 4,320.00 4,320.00 4,320.00 4,320.00

630 630 630 630 630 630

40,950.00 40,950.00 40,950.00 40,950.00 40,950.00 40,950.00

52,020.00 30,600.00

4,896.00 2,880.00

714 420

46,410.00 27,300.00

27,540.00

2,592.00

378

24,570.00

36,720.00 24,480.00 446,760.00

3,456.00 2,304.00 42,048.00

504 336 6,132.00

32,760.00 21,840.00 398,580.00

Gross Salaries

2016 EFE (12%)

TOTAL

RM

RM

SOCSO (1.75%) RM

45,900.00 45,900.00 45,900.00 45,900.00 45,900.00 45,900.00

4,320.00 4,320.00 4,320.00 4,320.00 4,320.00 4,320.00

630 630 630 630 630 630

40,950.00 40,950.00 40,950.00 40,950.00 40,950.00 40,950.00

RM

RM

Employees: Cashiers (RM1,700/person) Sales Assistant (RM 1,000/person) Shop Manager (RM900/person) Supervisors (RM800/person) Cleaners (RM800/person) TOTAL

52,020.00 30,600.00

4,896.00 2,880.00

714 420

46,410.00 27,300.00

27,540.00

2,592.00

378

24,570.00

36,720.00 24,480.00 446,760.00

3,456.00 2,304.00 42,048.00

504 336 6,132.00

32,760.00 21,840.00 398,580.00

STATEMENT 1.14: CASH FLOW FOR THE YEAR ENDING 31 DECEMBER 2014, 2015 & 2016

MANSOURA&CO. SDN. BHD. Pro Forma Cash Flow for the year ending 31 December 2014, 2015 and 2016 2014 2015 Receipts: RM RM Sales 245,200.00 585,200.00 Loan 100,000.00 Capital 320,000.00 665,200.00 585,200.00 Total receipts Payments: Salaries Bonus (5% of sales) Petrol Rental Advertising and Promotion Insurance Registration fees Administrative expenses Business license 4% interest loan Utilities Rental deposit Purchases Purchase- non-current assets current assets Tax expenses Discount allowed Carriage inward Decrease in trade payables Total payments Surplus / ( Deficit) Cash at the beginning of the year Cash at the end of the year

316,680.00 3,600.00 28,800.00 1,000.00 600 1,000.00 300 500 4,000.00 15,480.00 14,400.00 66,960.00 117,000.00 2,500.00 2,016.00 3,000.00 577,836.00 87,364.00 87,364.00

316,680.00 4,200.00 28,800.00 800 600 300 500 4,000.00 17,880.00 90,960.00 35,000.00 700 3,952.00 3,000.00 34,550 541,922.00 43,278.00 87,364.00 130,642.00

2016 RM 887,400.00 887,400.00

316,680.00 44,370.00 5,040.00 28,800.00 800 600 300 500 4,000.00 21,720.00 102,000.00 35,000.00 800 45,489.25 6,228.00 3,000.00 615,327.25 272,072.75 130,642.00 402,714.75

STATEMENT 1.15: PRO FORMA PROFIT AND LOSS FOR THE YEAR ENDING 31 DECEMBER 2014, 2015 & 2016

MANSOURA&CO. SDN. BHD. Pro Forma Profit and Loss for the year ending 31 December 2014, 2015 , 2016 2014 2015 2016 RM RM RM RM RM RM Net sales 245,200 585,200 887,400 Less: Cost of sales Purchase raw material 66,960 90,960 102,000 Carriage inward 3,000 69,960 3,000 93,960 3,000 105,000 175,240 491,240 782,400 Gross profit Operating expenses: Wages and Salaries 316,680 Bonus (5% of sales) Rental deposit 14,400 Rental 28,800 Advertising and 1,000 Promotion Insurance 600 Registration fees 1,000 Depreciation 17,550 Administrative 300 expenses Business license 500 4% interest loan 4,000 Discount allowed 2,016 Utilities 15,480 Income before income tax Income tax expenses (25%) Net income

316,680 0 28,800

316,680 44,370 0 28,800

800

800

600

600

-

-

402,326 -227,086 -227,086

-

89,300

66,300

300

300

500 4,000 3,952 17,880

462,812

500 4,000 6,228 21,720 490,298

28,428

292,102 -

28,428

73,026 219,077

STATEMENT 1.16: BALANCE AS AT 31 DECEMBER 2014, 2015 AND 2016 MANSOURA & CO. SDN. BHD. Balance Sheet as at 31 December 2014, 2015 and 2016 2014 2015 RM RM RM RM Non-current Assets Plant & Equipment 50,000 60,000 15 Less: Acc. Depreciation 7,500 42,500 16,500 43,500 % Furniture Less: Acc. Depreciation Computer Less: Acc. Depreciation Fridge Less: Acc. Depreciation Printer Less: Acc. Depreciation

60,000 9,000 4,000 600 2,200 330 800 120

85,000 51,000 3,400 1,870 680

21,750 4,000 600 2,200 330 800 120

99,450 Current Asset Rental deposit Prepaid expenses

14,400 0

Bank

23,600

Cash

87,364

petty cash Other current assets Total Assets

3,400 1,870 680 112,70 0

0 22,000 199,73 6 110,64 2 150

150 2,500

63,250

128,01 4 227,46 4

3,200

2016 RM

RM

65,000 26,250 115,00 0 39,000 4,000 600 2,200 330 800 120

38,750

76,000 3,400 1,870 680 120,70 0

0 7,616 123,89 6 382,71 5 150 335,72 8 448,42 8

4,000

518,37 7 639,07 7

Equity Capital

320,000

Profit for the year

227,086

Current Liability Trade payable

320,00 0 92,914

28,428

348,42 8

320,00 0 219,07 7

539,07 7

34,550

Non-current Liability Bank Loan Total liability

100,00 0 227,46 4

100,00 0 448,42 8

100,00 0 639,07 7

NATURE OF THE PROJECTION This financial projection presents, to the best of Management’s knowledge and belief, the Company’s results of operations and significant changes in financial position for the projection period if the hypothetical assumptions occur. Accordingly, the projection reflects management’s judgment as of January, 2014, the date of this projection, of the expected conditions if the hypothetical assumptions occur. The presentation is designed to provide information for management to raise capital from investors and obtain financing and should not be considered to be a presentation of expected future results. Accordingly, this projection may not be useful for other purposes. Furthermore, even if the hypothetical assumptions occur, there will usually be differences between the projected and actual results, because events and circumstances frequently do not occur as expected, and those differences may be material. The assumptions disclosed herein are those that management believes are significant to the projection.

Basis of Accounting This financial projection is prepared on the accrual basis of accounting in accordance with accounting principles.

Depreciation Depreciation is provided over the life of the equipment using the straight line method in accordance with accounting principles. Loan As of January 1, 2014, Mansoura Company has obtained a loan amounted RM100,000 from CIMB Bank. Interest is to be paid at 4% annually.

8.0 Conclusion

In this financial statement, we have briefed about our company ‘Mansoura & Co.’ and also our new brand ‘Mansoura Electronics’. We also have previewed the financial statements for 2014, 2015 and 2016. We started Mansoura & Co. as a very small company with a small amount of capital. To support our business, we took a business load from the CIMB bank. Naturally as every business, on the first annual year, we made a loss. However, on the following year, we managed to recover from the loss with an average amount of profit. We were not able to meet our target profit. Finally in 2016, we made a profit at the end of the financial year and made a record profit. The statement for comprehensive income, the statement of financial position, cash flow statements and the budget plan. Also, there is a brief explanation of our new website for the product we are launching this year. This would be a ground-breaking product and we are expecting to meet our target profit this year as well.

9.0 References

Print resources: Lecture Notes Innovative & Creative Skills in Business Business; The Ultimate Resource, Bloomsbury, (2002) Alex Osborn, Distinct kinds of thinking; Applied Imagination (1953) Terresa Amabile, ‘How To Kill Creativity’ (1998) Stephen Key, One Simple Idea Series (February 18, 2011)

Electronic resources: Indiatimescom. (2017). The Economic Times.Retrieved 5 April, 2017, from http://economictimes.indiatimes.com/definition/marketing-mix Investopedia staff. (2010). Investopedia. Retrieved 5 April, 2017, from http://www.investopedia.com/terms/m/marketing-mix.asp Allbusinesscom. (2017). AllBusinesscom. Retrieved 5 April, 2017, from https://www.allbusiness.com/barrons_dictionary/dictionary-organizational-market-49626051.html Careerridecom. (2017). Careerridecom. Retrieved 5 April, 2017, from http://www.careerride.com/view/what-is-the-meaning-of-marketing-organisation-explain6352.aspx Managementstudyguidecom. (2017).Managementstudyguidecom. Retrieved 5 April, 2017,from http://www.managementstudyguide.com/what-is-market.htm Merriam-webstercom. (2017). Merriam-webstercom.Retrieved 5 April, 2017, from https://www.merriam-webster.com/dictionary/market Accountingtoolscom. (2017). Accountingtoolscom.Retrieved 5 April, 2017, from http://www.accountingtools.com/definition-financial-statemen

Leedsbeckettacuk. (2017). Leedsbeckettacuk.Retrieved 5 April, 2017, from http://www.leedsbeckett.ac.uk/public-information/financial-statements/

GROUP ASSIGNMENT MARKING SCHEME SUBJECT: INNOVATIVE AND CREATIVE SKILLS IN BUSINESS SUBJECT CODE: BUS 2583 PORGRAMME: BBM Assessment Criteria

Marks

Marks Awarded

(%) Executive Summary

10

Business Description and Vision

10

Definition of the Market

10

Description of the Product and Services

10

Organization and Management

10

6

Marketing and Sales Strategy

10

7

Financial Management

10

8

Conclusion

10

Use of correct APA referencing and citation format.

10

1 2

3

4

5

9

10

10 Group Presentation TOTAL

Note: Marks will be converted to 25%.

100%

(%)