FINAL PAPER
(Solar Gazer)
Bachelor of Science in Electronics Engineering
College of Engineering
Bicol State College of Applied Sciences and Technology Naga City
A project requirement in The Entrepreneurial Mind (ELEC006)
LAWRENCE AMA
JOHN ANTHONY S. AQUINO
EFREN P. CORDEZ JR.
YOLYR S. DELOS SANTOS
CHARLES ANDHREON S. ABETCHUELA
PROPONENTS
DECEMBER 20
TABLE OF CONTENTS
Title Page
Table of Contents
i
List of Tables
iii
List of Figures
Iv
List of Appendices
v
Introduction
Proposed name of the business
1
Address of the business
Name of the owner or owners
Description of the business
Location of the business
Funding requirement and sources
Executive Summary
Vision, mission, goals and objectives of the
business
Business model
Business and product positions
Wealth improvement approaches
Parties supporting the business
Environmental Analysis
Global analysis
Social analysis
Political forces
Economic forces
Socioeconomic forces
1
Technological dances
Ecological forces
Legal forces
Industry analysis
Customers
Competitors
Creditors
Suppliers
Government
Shareholders
Employees
Trade associations
Market forecast
Market share
Market position
Marketing strategy
Business Description
Nature of the organization
Product or service that it plans to produce
or serve
Various plant and office equipment
Size of the proposed business
Future parties with whom contracts may be
necessary
Personnel requirements
Administrative operation
Organizational Plan
2
Form of business organization
Liability of the owner or owners
Organizational structure
Roles and responsibilities
Salary requirements
Production Plan
Production schedule
Production process
Processing plant and equipment
Sources of materials
Production cost
Operation Plan
Evaluation of supplier
Materials
procedures
requisition
and
receiving
Storage and inventory control system
Shipment system and control
Functions of support services
Marketing Plan
Product
Place
Price
Promotion
People
Packaging
3
Positioning
Financial Plan
Major assumptions
Projected statement of comprehensive income
Projected statement of cash flows
Projected statement of changes in equity
Projected statement of financial position
Financial statement analysis
Appendix
LIST OF TABLES
Table 1. SWOT analysis on Solar Gazer
24
Table 2. Projected Statement of Comprehensive
Income
37
Table 3. Projected Statement of Cash Flows
38
Table 4. Projected Statement of Changes in Equity
38
Table 5. Projected Statement of Financial
Position (Balance Sheet)
38
4
LIST OF FIGURES
Figure 1. Population of Key Age Segments
19
Figure 2. Projected growth of the solar industry
20
Figure 3. Market leaders in the solar industry
21
Figure 4. Organizational structure hierarchy
31
LIST OF APPENDICES
References
40
5
I.
INTRODUCTION
Imagine a world bathed in sunshine, where energy is abundant
and clean. A world powered not by fossil fuels, but by the
relentless dance of the sun across the sky. This is the vision
behind Solar Gazer by Dezcord Corporation, it is a revolutionary
solar panel system that tracks the sun's movement for maximum
energy efficiency.
What is Solar Gazer?
Solar Gazer is more than just a solar panel, it's a
technological marvel that redefines solar energy capture. Unlike
traditional
static
panels,
Solar
Gazer's
innovative
design
incorporates a 360-degree tracking system. This means the panels
seamlessly adjust throughout the day, always facing the sun at its
most potent angle. The result? Significantly higher energy yields
compared to traditional systems, making the most of every sunbeam.
But Solar Gazer's brilliance goes beyond just capturing
sunlight. Our system also boasts intelligent storage solutions. The
harvested energy is efficiently stored in integrated batteries,
ensuring a steady supply of power even when the sun dips below the
horizon. This makes Solar Gazer ideal for powering homes,
businesses, and even entire communities, paving the way for true
energy independence.
Where will Solar Gazer shine?
Our journey begins in BISCAST ManFabLab 98 Penafrancia Ave.,
1st floor, College of Engineering and Architecture - Bicol State
College of Applied Sciences and Technologies, Naga City, Camarines
Sur, 4400, Philippines, a sun-drenched place with immense potential
for solar energy utilization. However, our ambitions soar far
beyond the borders of Naga City. We envision Solar Gazer
illuminating homes and businesses across the globe, from sun-baked
desserts to lush rainforests. Wherever the sun shines, Solar Gazer
can harness its power, bringing clean, sustainable energy to every
corner of the world.
6
Fueling the future: Funding Solar Gazer's revolution
Bringing Solar Gazer to life requires strategic investment. We are
seeking funding to support the following key areas:
● Manufacturing and production: Scaling up production to meet
the growing demand for our innovative solar panels.
● Research and development: Continuously refining our technology
to push the boundaries of solar energy capture and storage
efficiency.
● Marketing and outreach: Spreading the word about Solar Gazer
and educating potential customers about the benefits of our
revolutionary system.
We are open to various funding sources, including:
● Venture capital: Partnering with investors who share our
vision for a sustainable future powered by the sun.
● Grants and subsidies: Leveraging government and private sector
initiatives that support renewable energy development.
● Crowdfunding: Engaging a community of environmentally
conscious individuals who believe in the power of Solar Gazer
to change the world.
Our solar revolution is fueled by six dynamic personalities,
each a solar cell in the power plant of our dreams. Meet the
masterminds behind Solar Gazer:
Efren P. Cordez Jr. (Engineering & Research): Think of him as the
sunspot
whisperer.
He
leads
the
R&D
charge,
dreaming
up
groundbreaking features for our solar trackers. He collaborates
with manufacturing like a sunbeam weaving through clouds, ensuring
seamless integration and top-notch quality.
Yolyr Delos Santos (Manufacturing & Production): Picture
itself, radiant and efficient. Yolyr oversee production,
things humming like a perfectly oiled solar gear. He's the
control king, the inventory maestro, and the bridge
engineering and smooth production.
the sun
keeping
quality
between
7
Lawrence Ama (Marketing & Sales): He's the sun's charismatic
ambassador. Lawrence hunts for customers with the precision of a
sunbeam seeking a leaf, builds relationships like warm rays on
skin, and analyzes market trends like a satellite mapping the solar
system.
John Anthony Aquino (Finance & Operations): The steady hum of the
Earth's rotation? That's John. He manages finances with the
precision of a solar eclipse, ensures compliance like a sunrise
chasing away darkness, and keeps operations running smoother than a
sunbeam gliding through air.
Charles
Andhreon
S.
Abetchuela
(Business
Development
&
Partnerships). He is the solar system explorer of our team. He's
like a comet streaking through space, spotting growth opportunities
in the vast expanse. His forte lies in identifying untapped
markets, negotiating stellar deals, and forging partnerships that
propel our solar tracker business to new frontiers. With a keen eye
for strategic collaborations, Charles is the driving force behind
our expansion, navigating uncharted territories and fostering
connections that illuminate our path to success.
Solar Gazer is not just a business; it's a movement. A
movement towards a cleaner, brighter future powered by the sun. By
investing in Solar Gazer, you're not just making a financial
decision, you're making a statement about the kind of world you
want to live in.Together, let's capture the sun's bounty and
illuminate the path to a more sustainable future, one sunbeam at a
time.
8
II.
EXECUTIVE SUMMARY
Our Mission: To unleash the full potential of solar energy by
delivering innovative, efficient, and sustainable solutions that
harness the sun's power for a brighter future.
Our Vision: To illuminate the world with a tapestry of Solar Gazers
and to become a symbol of hope and progress, paving the way for a
world powered by clean energy.
Our Goals:
● Revolutionize solar energy capture: With our groundbreaking
360-degree tracking technology, we aim to increase energy
yield by up to 25% compared to traditional static panels.
● Democratize
clean
energy:
By
making solar power more
accessible and affordable, we want to empower individuals and
communities to take control of their energy needs and reduce
dependence on fossil fuels.
● Foster a sustainable future: We believe that solar energy is a
cornerstone of a clean and sustainable future. By reducing
greenhouse gas emissions and promoting responsible energy
consumption, we aim to leave a lasting positive impact on the
planet.
Our Objectives:
● Become the leading provider of 360-degree solar tracking
technology.
● Expand our reach to diverse markets and communities around the
world.
● Develop and integrate cutting-edge energy storage solutions to
maximize solar power availability.
● Promote education and awareness about the benefits of solar
energy and responsible energy consumption.
9
Our Business Model: Capturing Light, Empowering Lives
Solar Gazer operates under a subscription-based model.
Customers can choose from various package options based on their
energy needs and budget. This ensures a steady stream of revenue
and allows us to provide ongoing maintenance and support. Our
innovative 360-degree tracking technology also sets us apart from
traditional solar panel companies. This translates to higher energy
yields for our customers, making Solar Gazer an attractive and
cost-effective option.
Product Positioning: The Sun Always Shines on Solar Gazer
We are positioning Solar Gazer as the premier choice for
anyone seeking clean, reliable, and efficient solar energy. Our
target markets include:
● Residential homeowners: Solar Gazer provides a sustainable and
cost-effective way for families to power their homes and
reduce their dependence on the grid.
● Businesses: From small shops to large corporations, Solar
Gazer can help businesses cut energy costs and improve their
environmental footprint.
● Remote
communities:
In
areas
with
limited
access
to
traditional electricity, Solar Gazer can provide a vital
source of clean energy for essential services.
Wealth Improvement Approaches: Sharing the Sunshine
Beyond generating revenue through subscriptions, Solar Gazer
is committed to creating shared value. We are exploring several
wealth improvement approaches, including:
● Partnering with local communities: We are working with local
communities to install Solar Gazer systems in their homes and
businesses, bringing them access to clean energy and creating
revenue-generating opportunities.
● Investing in education and training: We are committed to
educating the public about the benefits of solar energy and
providing training opportunities for the next generation of
solar technicians.
10
● Supporting environmental initiatives: We are dedicated to
protecting the environment and are actively involved in
initiatives that promote renewable energy and sustainable
practices.
Parties Supporting the Business: Illuminating a Brighter Path
Solar Gazer's success wouldn't be possible without the dedication
and support of our partners, including:
● Investors: We are working for the support of investors who
want to share our vision for a sustainable future powered by
the sun.
● Government agencies: We will be collaborating with government
agencies to develop policies and incentives that promote the
adoption of solar energy.
● Research institutions: We are partnering with research
institutions to develop even more efficient and innovative
solar technologies.
● Non-profit organizations: We are working to be in touch with
non-profit organizations to bring solar energy to underserved
communities.
We are confident that Solar Gazer has the potential to
revolutionize the way we capture and utilize solar energy. With our
innovative technology, dedication to shared value, and strong
partnerships, we are poised to make a real difference in the world.
11
III.
ENVIRONMENTAL ANALYSIS
1. Global Analysis:
Climate change, marked by escalating global temperatures and
growing energy demands, underscores the imperative for a
transition
to
renewable
energy
sources;
Solar
Gazer's
efficiency aligns seamlessly with global initiatives to reduce
carbon emissions and address climate change.
Concerns about energy security arise from the reliance on
fossil fuels, exposing nations to price volatility and
geopolitical instability; Solar Gazer addresses this by
providing decentralized energy solutions, thereby enhancing
energy independence and security at both national and
individual levels.
Finite fossil fuel reserves present a long-term sustainability
challenge, making solar energy a crucial contributor to
resource security with its limitless and renewable nature.
2. Social Analysis:
In terms of public health, the combustion of fossil fuels
leads to air pollution and respiratory illnesses; Solar Gazer
plays a role in promoting cleaner air and safeguarding public
health, especially in urban areas.
Addressing energy poverty, which impedes development and
quality of life, Solar Gazer offers an affordable and clean
energy solution in off-grid and underserved communities,
contributing to social equity and overall development.
The transition to renewable energy not only mitigates
environmental
impacts
but
also
generates
employment
opportunities in manufacturing, installation, and maintenance;
Solar Gazer, in particular, has the potential to stimulate the
creation of green jobs and foster economic growth.
3. Political Forces:
Government policies, such as tax breaks, feed-in tariffs, and
net metering, play a pivotal role in encouraging the
12
widespread adoption of solar energy technologies like Solar
Gazer; the presence of supportive policies not only boosts
market demand but also creates favorable conditions for
sustained growth.
Environmental regulations, particularly those focused on
curbing carbon emissions and pollution, act as incentives for
businesses and individuals to turn to cleaner alternatives
like Solar Gazer; these regulations exert pressure for
adoption and expedite the transition to renewable energy
sources.
In the
energy
invest
Gazer,
fossil
realm of geopolitical shifts, the global trend towards
independence and security is compelling countries to
in renewable energy, including technologies like Solar
strategically positioning them to reduce reliance on
fuels and foreign suppliers.
4. Economic forces
The economic forces in the Philippines are undergoing a
transformative shift, prominently marked by the remarkable
growth of the middle class and a discernible surge in consumer
awareness
with
respect
to
adopting
sustainable
living
practices.
This booming middle class not only signifies an increase in
economic prosperity but also reflects a substantial rise in
purchasing power, thereby fostering a dynamic consumer culture
within the country. As an improving nation, innovation will
also be a part of the process.
Thus, the Solar Gazer introduced to us an improved solar panel
that can track sunlight with its creative feature. The
advancement in the economy is frequently accompanied by a
change in consumer preferences toward products that are both
efficient and innovative.
5. Socioeconomic forces
In a nation characterized by a predominant middle-class
society, Solar Gazer stands out as a product that caters to a
broad spectrum of the population.
13
With the innovative features it offers, combined with its
cost-effectiveness, Solar Gazer becomes an attainable and
inclusive technology accessible to everyone. The affordability
and cutting-edge attributes of this product not only make it
widely available but also position it as a potential catalyst
for positive change within the community.
As a result, Solar Gazer has the capacity to play a
significant role in enhancing technological accessibility and
contributing meaningfully to the advancement of the community
at large.
6. Technological dances
In our generation, marked by a collective commitment to
advancing the global technological state, Solar Gazer can be
one of the significant contributors to community development,
especially in rural areas where access to electricity remains
a challenge.
This innovative technology proves particularly advantageous
due to its inherent ability to track sunlight, thereby
enhancing its efficiency. Unlike conventional solar panels,
Solar Gazer excels in the conservation of solar energy,
offering a sustainable solution that addresses the unique
energy needs of remote and off-grid locations.
By providing an accessible and efficient source of power,
Solar Gazer not only addresses immediate energy challenges but
also represents a step forward in fostering sustainable and
resilient communities in the face of evolving technological
aspirations.
7. Ecological forces
The use of Solar Gazer is driven by ecological forces,
reflecting a growing awareness and concern for environmental
sustainability. Solar Gazer harnesses energy from the sun, a
renewable and clean source, thereby reducing dependence on
finite fossil fuels and mitigating harmful greenhouse gas
emissions. This ecological impetus aligns with the global push
for cleaner energy alternatives to combat climate change and
reduce the ecological footprint associated with traditional
energy sources.
14
As a result, when people decide to use solar panels, it's not
just about technology; it's a thoughtful way to help the
environment and make our energy use eco-friendlier and more
sustainable.
8. Legal Forces
The legal forces affecting Solar Gazer include regulations on
permitting, safety standards, and incentives for adoption.
Governments offer tax credits and subsidies to encourage their
use. Zoning and building codes ensure safe installations,
while
environmental
regulations
address
manufacturing
materials and recycling practices.
Overall, these laws aim to facilitate solar panel deployment,
promote safety, and incentivize the transition to renewable
energy.
9. Industry Analysis
Solar Gazer presents a transformative opportunity to enhance
the quality of life for residents in Naga City and its
neighboring communities. The unique combination of advanced
technology and affordability sets this product apart, creating
a distinctive edge within the local market. This exclusivity
positions Solar Gazer as a standout choice for consumers in
the community.
Note that the surrounding areas of Naga City predominantly
consist of rural communities. In this context, Solar Gazer
emerges as an attractive option for consumers seeking reliable
and efficient energy solutions. The product's innovative
features, coupled with its cost-effectiveness, address the
specific needs of residents in rural settings, where access to
conventional energy sources may be limited.
Moreover, the absence of direct competitors within the
community further strengthens Solar Gazer's appeal. As
consumers in Naga City and its neighboring rural areas
prioritize effective and accessible technologies, Solar Gazer
has the potential not only to meet but also to exceed their
expectations, making a significant and positive impact on the
lives of individuals within the local community.
10.
Customers
15
In the community, Solar Gazer’s targets a broad range of
consumers, including homeowners looking to reduce energy costs
and enhance environmental sustainability, businesses seeking
to lower operational expenses and demonstrate corporate
responsibility, government institutions and schools advancing
green initiatives, and the agricultural sector for powering
farms
and
rural
areas,
off-grid
communities
lacking
traditional power sources.
By catering to these varied customer segments, solar gazer can
address a spectrum of needs and preferences in their efforts
to promote sustainable energy solutions.
11.
Competitors
Regarding competitors in Naga City, Solar Gazer encounters a
relatively constrained competitive landscape, with its primary
rivals being companies that specialize in the sale of
traditional solar panels within the community.
While there are indeed a few competitors in the market, Solar
Gazer manages to carve out a unique position for itself. This
distinctiveness is attributed to its innovative specifications
and cutting-edge features, setting it apart from the more
conventional solar panels offered by competing companies.
The limited presence of direct competitors allows Solar Gazer
to showcase its unparalleled strengths, such as enhanced
efficiency,
advanced
technology,
and
affordability,
contributing to a compelling value proposition for consumers
in Naga City seeking a reliable and innovative solar solution.
12.
Creditors
Solar Gazer’s financing offers a diverse array of sources.
Traditional banks and lenders provide tailored loans with
competitive rates. Government programs furnish incentives and
low-interest loans to promote Solar Gazer. The landscape
extends to potential investors, whether through direct
investments or crowdfunding platforms dedicated to renewable
energy projects.
This variety allows for a nuanced approach to financing,
emphasizing careful consideration of terms and incentives.
Seeking
professional
advice
ensures
a
well-informed
16
decision-making process,
sustainable energy goals.
13.
aligning
financial
strategy
with
Suppliers
When seeking suppliers for Solar Gazer, options include local
solar installers, solar equipment distributors, and online
retailers,
each
offering
a
variety
of
brands
and
specifications. Wholesale suppliers cater to larger projects,
and cooperatives or community solar programs sometimes offer
collective purchasing opportunities.
As the suppliers are usually not from Naga City, consider
factors like product quality, warranty, and pricing before
making a decision, and explore potential government programs
or incentives that could further facilitate the solar gazer.
14.
Government
Government involvement in Solar Gazer is multifaceted and
typically encompasses various initiatives to promote the
adoption of solar energy. These can include financial
incentives, tax credits, rebates, and grants aimed at making
solar technology more economically viable for individuals and
businesses.
The government can also implement regulatory policies and
standards to encourage the integration of solar power in
building codes or energy plans. Additionally, some regions
have feed-in tariff programs where individuals or businesses
are paid for the excess electricity they generate and feed
back
into
the
grid.
Government-sponsored
research
and
development programs may contribute to advancements in solar
technology, fostering innovation and cost reduction.
Overall, government involvement plays a
creating
a
conducive
environment
for
sustainability of solar energy.
15.
crucial role in
the
growth
and
Shareholders
Shareholders for Solar Gazer are entities that own shares in
companies engaged in solar energy-related activities. This
includes
solar
panel
manufacturers,
solar
installation
companies,
and
entities
involved
in
large-scale
solar
projects. Shareholders contribute capital to these companies,
becoming partial owners and participating in the financial
outcomes of the business.
17
16.
Employees
Solar
Gazer
employs
a
diverse
workforce
comprising
manufacturing workers involved in the production of solar
panels, engineers and researchers focused on technological
advancements, sales and marketing professionals promoting
solar solutions, installation technicians ensuring proper
system
setup,
project
developers overseeing large-scale
initiatives, maintenance and repair technicians sustaining
system
performance,
customer
service
representatives
addressing
inquiries,
administrative
and
support
staff
managing business operations, regulatory and policy experts
navigating
the
regulatory
landscape,
and
training
and
education specialists fostering workforce development.
Together, these individuals contribute to the holistic life
cycle
of
solar
energy
systems,
from
production
to
installation, maintenance, and beyond, driving the growth and
sustainability of the Solar Gazer.
17.
Trade association
Numerous trade associations and groups champion the cause of
the Solar Gazer, working to advance the concerns of
manufacturers, installers, and various stakeholders. The Solar
Gazer is actively involved in advocating for policies,
fostering market development, and initiating educational
programs to bolster the expansion of solar enterprises. These
entities are essential contributors in influencing policies,
promoting industry standards, and fostering collaboration
within the solar energy sector.
18.
Market Forecast
The Solar Gazer’s market is poised for sustained growth,
driven by increasing global demand for renewable energy
solutions and the ongoing trend of decreasing costs associated
with solar technology. Anticipated to continue its expansion,
the
industry
benefits
from
technological
advancements
enhancing efficiency and the integration of solar panels with
energy storage solutions to address intermittency challenges.
Emerging markets are playing a significant role in the growing
adoption of solar panels, spurred by a rising focus on
sustainable development and increasing energy demands.
18
The projected market segment of greatest potential value are
residential consumers, aged 30 to 59, with employed status and
middle to high income. This group segment is deemed to be the
most logical target market of the Solar Gazer product
considering several factors. The age groups of 30 to 39, 40 to
49, and 50 to 59 are selected as the most viable age segments
with both the buying capacity and financial capability to make
purchasing decisions that impact energy consumption and energy
efficiency. These age segments are expectedly composed of
employed individuals who are already likely to be homeowners
or small business owners that are already established and
capable of making financial decisions that amount to savings
in their electrical bills. Middle to high income status is
also considered as due to the current economic inflation,
low-income market segments might prioritize basic necessities.
Figure 1. Population of Key Age Segments in Naga City. Source: Philippine
Statistics Authority, 2020 Census of Population and Housing
On a nationwide scale, the Solar Energy industry gains
traction as an alternative for grid electricity. As the demand
for
energy
consumption
in
the
Philippines
has
been
continuously increasing through the years (Department of
Energy, 2023) solar energy emerges as the cost-efficient
solution with its ease of installation, scalability, and
unobtrusiveness. Furthermore, it offers an opportunity for
solving energy crises such as blackouts and unplanned power
outages due to grid instability and inadequate generation
capacity in remote or rural areas which cannot be solved
instantly by grid infrastructures.
The main market driver in today’s solar energy market is the
declining cost in solar photovoltaic equipment, making solar
energy more affordable and attractive to consumers (Mordor
19
Intelligence). According to the 2022 data from IRENA, the
Philippines witnessed 1,625 MW of solar PV installations with
an annual growth rate of 18% compared to the previous year. As
prices in solar panels plummet, the increased cost-efficiency
of these systems culminate in increasing interest in solar
installations from various end-users. This increasing demand
can be observed from not only the industrial and commercial
segments but also residential sectors.
Figure 2. Projected growth of the solar industry. Source: Mordor Intelligence
Furthermore, as costs of solar PV modules decrease, this also
creates further opportunities for the industrialization of
these highly modular technologies which opens niches in
technologically innovative solar photovoltaic systems. Among
the trends in these technologies are the integration of energy
storage technologies to solar power systems and the adoption
of digital technologies to enable better monitoring, control,
and optimization of solar PV systems (Markwide Research). The
entirety of the solar energy market in the country is thus
projected to have significant growth, with an estimated
cumulative annual growth rate of over 25.2% during a forecast
period of the next five years (Mordor Intelligence).
20
19.
Market Share
The
solar
panels
market
exhibits a dynamic landscape
characterized
by
notable
contributions
from
Chinese
manufacturers. However, Solar Gazer’s innovative technology
brings out the edge against these competitors. And the
industry is diverse, featuring products from various regions.
Market growth has spurred increased competition, resulting in
a fragmented landscape with a growing number of participants.
Innovations
in
technology,
efficiency improvements, and
material advancements are key focal points for companies vying
for market share.
20.
Market Position
Solar Gazer's market positioning underscores a growing focus
on sustainability, technological advancement, and economic
viability. With the rising global demand for sustainable
energy solutions, Solar Gazer strategically places its solar
panels as eco-friendly alternatives to conventional energy
sources, aligning with broader objectives to diminish carbon
emissions and combat climate change.
Competing
manufacturers
differentiate
themselves
by
emphasizing
the
development
of
high-efficiency
panels,
durability,
and
cost-effectiveness.
As
the
industry
progresses, Solar Gazer anticipates that market positioning
will continue to center around achieving a harmonious balance
between environmental responsibility, technological ingenuity,
and economic feasibility.
Figure 3. Market leaders in the solar industry.
Source: Mordor Intelligence
21
Market leaders in the Solar Energy industry include large
solar PV system companies such as: Solar Philippines Power
Project Holdings, Solenergy Systems Inc., Vena Energy, Solaric
Corp., and Trina Solar Ltd.
●
Solar Philippines Power Project Holdings
Solar Philippines is known as the largest solar company
in the Philippines and in Southeast Asia with over 300 MW
of generating capacity and over 10,000 hectares of solar
farm land area. Solar Philippines Power Project Holdings
oversees the entire lifecycle of solar projects, from
conception and engineering to construction and operation.
Its goals play a pivotal role in generating cheaper and
more reliable additional energy supply for the Luzon
electric grid
●
Solenergy Systems Inc.
Solenergy Systems is a leading figure in renewable energy
system engineering and comprehensive solar solution,
aiming to provide custom engineered solar PV systems to
commercial users. Their services include site assessment,
system
design,
equipment
procurement,
and
ongoing
maintenance, ensuring seamless integration and optimal
performance of solar installations. It provides both
solar power system construction and engineering design
and consultation services which allows its clients to
obtain solar energy solutions tailored to their specific
needs.
●
Vena Energy
Vena Energy is a leading provider of renewable energy
that specializes in the development, construction, and
operation of solar and wind power projects across the
Asia-Pacific
region.
The
company supervises entire
processes of renewable energy projects, from the initial
stages of project development and financing to the
ongoing operation and maintenance of the facilities. Vena
Energy is responsible for providing clean energy in both
onshore and offshore solar PV and wind harnessing as well
as energy storage.
●
Solaric Corp.
22
Solaric Corp. is a dominant figure in the solar energy
sector, focusing on the design, installation, and
maintenance of solar power systems. The company is
dedicated to providing comprehensive solar solutions for
residential, commercial, and industrial clients. Their
services consist of customized solar panel installations,
energy efficiency consultations, and ongoing support to
ensure optimal performance.
●
Trina Solar Ltd.
Trina Solar Ltd. is a global leader in photovoltaic (PV)
modules and solar energy solutions. Trina Solar sits at
the forefront of advancing technologies on harnessing
solar
energy,
with
its
practices
on
research,
development, and manufacturing of solar modules. The
company offers a wide range of high-quality solar
products, including solar panels, inverters, and energy
storage systems.
Direct competitors that sell the exact same product and
specifications as Solar Gazer are non-existent in the area.
The presence of secondary competitors is in the form of solar
PV system general merchandisers in the local scene in Naga
City. Other competitors offer only installation services and
not manufacturing. Among the existing local competitor is:
●
Unli-Solar Marketing Naga City
Unli-Solar Marketing is a branch of the nationwide
Unli-Solar chain which has its own presence in Naga City.
It is a merchandising business which provides a one stop
shop solution for all solar energy needs in the city. The
products it offers range from solar panels, solar lights,
solar batteries, solar inverters, and more with different
makers to choose from.
Dezcord corporation aims to position Solar Gazer as a highly
innovative solar application that tends to the energy demands
of residential and commercial industries. It is positioned on
the slightly higher cost spectrum, as it provides a more
advanced feature in the form of its smart sunlight tracking
technology. This slightly higher cost than regular small-scale
solar system providers ensure compensation for improved energy
collection and increased savings for energy efficiency. Solar
Gazer aims to lead this development of energy efficiency
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technology using digital mechanisms such as sensors and
microcontrollers as a niche in the solar photovoltaic system
development.
21.
Marketing Strategy
The market strategy for Solar Gazer involves prioritizing
continuous technological innovation to improve efficiency and
reduce costs. Advocacy for supportive government policies and
incentives is crucial, alongside targeted consumer education
to enhance awareness. Collaborative partnerships across the
supply chain and a customer-centric approach with flexible
financing options contribute to a successful market strategy.
In devising a solid marketing strategy, identifying the
strengths, weaknesses, opportunities, and threats to the
business endeavor will help in creating strategic steps to
ensure the success of Solar Gazer. The table below summarizes
the SWOT analysis conducted on Dezcord corporation’s Solar
Gazer device based on relevant market influencing factors.
STRENGTHS
The solar tracking
photovoltaic cell
technology is innovative
and can significantly
enhance energy
collection efficiency.
● Increasing global focus
on renewable energy
sources creates a
favorable market
environment.
● The product aligns with
growing environmental
consciousness and the
demand for sustainable
solutions.
● Naga City, Camarines
Sur, receives ample
sunlight, making it
ideal for solar energy.
●
WEAKNESSES
● The initial cost of
solar tracking systems
may be a barrier for
some customers.
● The need for occasional
maintenance and repair
might be a challenge
for customers.
● Users may need some
technical knowledge to
operate and
troubleshoot the
system.
● The system's
effectiveness is
dependent on sunlight,
which may be
inconsistent.
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OPPORTUNITIES
● Solar PV system with
energy storage can
provide off-grid
solutions for remote
rural communities
● The competitors for the
exact same technology
offered by Solar Gazer
are almost non-existent
in Naga City.
● Collaborating with local
governments, NGOs, or
other businesses can
open avenues for
partnerships and
funding.
Keeping up to date with
technological advancements
can provide a competitive
edge.
THREATS
● The renewable energy
sector is competitive;
the company needs to
differentiate itself.
● Changes in government
policies related to
renewable energy could
impact the business.
● Economic uncertainties
may affect customers'
willingness to invest
in renewable energy
solutions.
Unexpected weather
conditions, like prolonged
periods of rain or storms,
could impact the system's
efficiency
Table 1. SWOT analysis on Solar Gazer.
The marketing strategy that will be employed based on the
strengths, weaknesses, opportunities, and threats of the
business
venture
is
streamlined
towards
identity
establishment. This will be carried out through strategic
marketing and exposure, information dissemination, collective
partnerships, and monitoring practices.
POSITIONING
By analyzing the strengths, weaknesses, opportunities, and
threats of the business venture, Solar Gazer’s key marketing
strategy will center on highlighting its innovative solar
tracking technology to stand out from normal solar PV systems
in terms of energy collection efficiency. It will aim to
create a position in the market that not only promotes
environmental benefits of solar renewable energy but also the
cost-efficient energy solution. This is done in order to
establish the Solar Gazer’s positioning in the market as a
business venture.
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TARGET MARKET
By utilizing both direct marketing and online marketing,
information regarding the uniqueness of the product features
will be distributed. Social media channels such as Facebook
Groups in the locality of Naga City will be utilized to
increase product awareness. Niche online communities such as
solar energy enthusiasts in Naga City are also preferable
channels for opening this product into the niche market
segments that are likely to have an interest. Direct marketing
will be focused on residential homeowners and business owners,
targeting the identified valuable market segments with sample
products and material presentations.
CUSTOMER ONBOARDING
Since one of the weaknesses of this business venture is its
technical nature, the inclusion of consumer education in the
marketing strategy is important. Educational programs to
inform potential customers about how solar energy benefits and
its technology will be conducted. This can be through
user-friendly online resources, FAQs, and troubleshooting
guides for customers.
PARTNERSHIPS
As an establishing business, Solar Gazer aims to eventually
grow into a wider scale of operation. This can be achieved
with partnerships from local governments and supporting
industry
sectors.
To
capitalize
on
the
identified
opportunities with local government collaborations, the Solar
Gazer device is also aimed to participate in local government
sponsored events or trade shows. Distribution channels will
also be established in Naga City initially, and create plans
to expand gradually in nearby areas.
MONITORING AND ADAPTATION
To establish and maintain a loyal customer base, the marketing
strategy will include customer monitoring and feedback
strategies. Establishing a feedback system through social
media
and
email
channels
will
allow
the
company
to
continuously improve the product and customer experience. As
competitive industry and economic uncertainties are threats to
the business, staying agile and adapting marketing strategies
based on market changes through feedback is a vital marketing
function.
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IV.
BUSINESS DESCRIPTION
BUSINESS DESCRIPTION
1. NATURE OF THE ORGANIZATION
The envisioned nature of Dezcord Corporation which will manage
the proposed business is a manufacturing entity focused on the
development and production of innovative state-of-the-art solar
tracking photovoltaic cells. Leaning towards the technology sector,
it
combines
both
elements
of manufacturing and technology
development as a hybrid business. The core objective of the
business organization is to innovate photovoltaic cells with solar
tracking solutions that make energy capture more efficient.
2. PRODUCT OR SERVICE
Dezcord
Corporation
will
specialize
in
the
design,
manufacturing, and distribution of an electronic product named
“Solar Gazer”, a photovoltaic solar tracking device. This device
features automated adjustments in the position of photovoltaic
cells through light sensing electronic sensors. Solar Gazer
constantly adjusts the position of photovoltaic cells to be
optimally aligned with the sun’s angle to optimize sunlight
exposure, thereby boosting the overall output and efficiency in
photovoltaic cells. The projected product will also include various
models tailored for different scales of solar installations,
ensuring adaptability to diverse customer needs.
3. VARIOUS PLANT AND OFFICE EQUIPMENT
The manufacturing facility for the product will be geared with
cutting-edge machinery for precision engineering and assembly of
the solar tracker devices. CNC machines, robotic assembly lines,
quality control equipment, and advanced testing facilities will be
acquired to ensure the highest standards for the casing and
assembly
of
external
hardware.
Furthermore,
the
office
infrastructure will incorporate design software, project management
tools,
and
communication
systems
to
facilitate
seamless
collaboration.
4. SIZE OF THE PROPOSED BUSINESS
As a starting player in the field of solar and renewable
energy technologies, the Dezcord Corporation aims to establish a
small to medium-sized business, initially covering service for
areas in []. The business is projected to have a small
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manufacturing facility and an administrative office capable of
producing [] products. The production capacity is projected to meet
the demands of a growing market while maintaining a focus on
quality and innovation.
5. FUTURE PARTIES WITH WHOM CONTRACTS MAY BE NECESSARY
Entities that Dezcord corporation may enter a contract with in
the future are suppliers of raw materials, electronic component
manufacturers,
and
distributors.
Research
institutions
and
universities are also possible collaborators that the corporation
may come into contact with for ongoing product developments and
innovations. Furthermore, partnerships with solar installation
companies may also be explored to offer integrated solutions to
end-users.
6. PERSONNEL REQUIREMENTS
The technical nature of Solar Gazer as a projected business
requires assembling a skilled and multidisciplinary team to support
its growth. The workforce will include engineers (electrical and/or
electronics
engineers,
and
software
developers),
production
technicians, quality assurance experts, sales and marketing
professionals, and administrative staff. Recruitment will be
focused on individuals with a passion for sustainable energy
solutions and a commitment to innovation.
7. ADMINISTRATIVE OPERATION
Dezcord Corporation will adopt a streamlined administrative
structure
to
ensure
efficiency
and
responsiveness.
Key
administrative
functions
will
include
strategic
management,
finance, human resources, and customer support. The company will
implement robust project management systems to monitor and optimize
production
processes,
fostering
a
culture
of
continuous
improvement. As a corporation form of business organization, the
decisions will be driven by considering the need for financial
investment, risk distribution among shareholders, and the potential
for future public offerings. The corporate structure also provides
legal protection for stakeholders, aligning with the long-term
vision of Dezcord Corporation.
V. ORGANIZATIONAL PLAN
1. FORM OF BUSINESS ORGANIZATION
The selected form of business organization that is deemed most
suited for the proposed venture is a corporation, with the identity
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of Dezcord Corporation. As a critical step in the entrepreneurial
journey, the decision to start with this type of business
organization impacts the legal structure, operational dynamics,
financial aspects, and overall success of the business. Hence,
several key factors were carefully deliberated and weighed to make
an informed choice that puts the unique characteristics and
requirements of Solar Gazer in priority.
CAPITAL REQUIREMENT AND EXTERNAL FINANCING REQUIREMENTS
As a technology-based business venture, Solar Gazer requires
significant expenses for research, development, and manufacturing
of the solar tracking technology. Considering the capital-intensive
nature of this venture, a form of business organization which
ensures easy access to capital and external financing would be
ideal. While both partnerships and corporations can attract
external investment, selecting a corporation form of organization
would provide smoother financial avenues for external funding
through investments and stock offerings. Moreover, Solar Gazer’s
goals may necessitate external financing for research, development,
and market expansion, through which a corporation form would
provide more straightforward mechanisms for raising capital from a
diverse range of investors
LIABILITY OF THE OWNER/OWNERS AND NATURE OF THE BUSINESS
Being part of the technology industry’s constant demand for change,
Solar Gazer’s innovative nature presents an inherent risk which can
be associated with potential product liabilities. In considering
the liability of the owner, the selected business form must
therefore provide limited liability such as that provided by a
corporation. This ensures that the personal assets of the owners
are protected from business-related debts and legal claims as the
business is starting to enter the industry. Furthermore, the
innovative nature of Solar Gazer requires a business form that
supports flexibility and adaptability. A corporation, with its
separate legal entity, can easily attract investors and adapt to
changing market conditions, ensuring the longevity and scalability
of the business.
MANAGEMENT AND SUPERVISORY SKILLS
The areas of technology development and manufacturing plays a
crucial role in the success of Solar Gazer. Effective management
and supervision play a key role in this segment and are part of the
consequences of the chosen form of business organization. A sole
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proprietorship or partnership might be viable if the founders
possess strong leadership skills and if the business operations
demand hands-on supervision. However, for a business venture like
Solar Gazer which requires diverse and technical skill sets, a
corporation with a dedicated management team is deemed more
advantageous.
TAX IMPLICATIONS AND GOVERNMENT INTERVENTION
Important legal and regulatory factors such as tax implications and
government interventions are also important to consider in choosing
appropriate business forms. Tax considerations play a crucial role
in the financial viability of any business. With the complex nature
of Solar Gazer’s operations involving research and development, a
corporate structure could provide beneficial tax advantages such as
potential tax credits for innovation and research activities. As a
business
concerning
renewable
energy,
various
government
regulations
and
incentives
may
be
given
to
this
sector.
Corporations often have a more established framework for compliance
and reporting, making them suitable for industries with significant
government oversight.
Considering the multifaceted nature of Solar Gazer’s business
requirements, a careful analysis of the factors mentioned above
suggests that a corporation may be the most appropriate form of
business organization. The ability to attract capital and external
funding, capacity for flexibility and adaptability, limited
liability protection, potential tax advantages, and established
framework for government oversight, make it a suitable choice for a
venture
with
high
capital
requirements
and
technological
innovation.
2. LIABILITY OF THE OWNER OR OWNERS
In the operation of Solar Gazer, Dezcord Corporation will adopt a
limited liability structure for its shareholders. The adoption of
limited financial liability ensures that personal assets of
shareholders are protected, such that in the event of business
dissolution with outstanding financial obligations, creditors
cannot pursue assets beyond the extent of their financial
contributions. It is a strategic decision designed to protect the
personal assets of shareholders, attract investors, and create an
environment conducive to innovation and growth.
As Solar Gazer is geared to enter the rapidly evolving landscape of
Solar Technology and harnessing renewable energy, uncertainties
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from its dynamic nature are inevitable. The strategic decision to
have limited owner liability functions as a safeguard to not only
mitigate risks for shareholders but also foster an innovative
environment without the danger of personal financial jeopardy.
Another reason for choosing limited financial liability is that it
provides increased investor confidence. When presented with a
limited liability structure, potential investors are instilled with
confidence in the stability of their investments. In consequence,
this makes potential investors more likely to engage with the
presented business venture and encourages financial support for
Solar Gazer’s development and market penetration.
To represent the financial commitment of shareholders, the Dezcord
corporation will issue shares or stocks to its shareholders. As
shareholders are held liable only to the extent of their investment
this encourages the alignment of their interest with the overall
success of Solar Gazer. This creation of linkage between financial
liability and share ownership fosters collective commitment and
fosters growth and prosperity of the business venture. In relation,
another positive outcome of this action is the facilitation of
capital infusion into Solar Gazer. The assurance of financial
liability confined only to their invested capital fosters a
favorable environment for shareholders to contribute financially to
the business for capital fundraising.
3. ORGANIZATIONAL STRUCTURE
Figure 4. Organizational structure hierarchy of Solar Gazer
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4. ROLES AND RESPONSIBILITIES
● Efren P. Cordez Jr ( Engineering & Research):
Leads R&D efforts, designs innovative features for solar
trackers,
collaborates
with
manufacturing
for
seamless
integration, and ensures product quality through rigorous
testing.
● Yolyr Delos Santos ( Manufacturing & Production):
Oversees manufacturing processes, optimizes production
efficiency, maintains quality control, manages inventory, and
collaborates with engineering for efficient production.
● Lawrence Ama (Marketing & Sales):
Develops
marketing
strategies,
identifies
potential
clients, builds client relationships, analyzes market trends,
and refines marketing approaches for solar tracker promotion.
● John Anthony Aquino (Finance & Operations):
Manages
financial
planning,
ensures
regulatory
compliance, oversees day-to-day operations for efficiency,
handles administrative tasks, and maintains legal compliance.
● Charles Andhreon S. Abetchuela( Business Development &
Partnerships) :
Identifies
growth
opportunities,
forges
strategic
partnerships, negotiates deals, explores new markets, and
drives collaborations to expand the solar tracker business.
5. SALARY REQUIREMENTS
● Efren Cordez ( Engineering & Research):
₱4,000 - ₱5,000 per month
● Yolyr Delos Santos ( Manufacturing & Production):
₱3,500 - ₱4,500 per month
● Lawrence Ama (Marketing & Sales) :
₱3,000 - ₱4,000 per month
● John Anthony Aquino (Finance & Operations):
₱3,750 - ₱5,000 per month
● Charles Andhreon S. Abetchuela( Business Development &
Partnerships) :
₱3,750 - ₱4,500 per month
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VI.
1.
PRODUCTION PLAN
Production Schedule:
This target serves as a benchmark for our manufacturing and
production team to ensure a consistent output that meets market
demand and fulfills customer orders. Adjustments to this number can
be made based on market fluctuations, capacity, and demand
forecasts.
2. Production Process:
Our production process involves an assembly line setup
combined with automated systems. This streamlined approach allows
for efficient and systematic manufacturing of our solar trackers.
Each stage of assembly is designated to specific stations along the
line, integrating robotics and machinery to handle repetitive tasks
and ensure precision. This integration optimizes production
efficiency, reduces errors, and maintains consistent high-quality
output. Employee oversight guarantees smooth operation, quality
control checks, and regular maintenance of the automated systems to
minimize disruptions and ensure optimal performance throughout the
manufacturing process.
3. Processing Plant and Equipment:
Our processing plant will house specialized machinery tailored
for solar tracker assembly and testing. This equipment includes
precision tools for component assembly, automated systems for
mounting solar panels and integrating electrical parts, and
specialized
testing
equipment
to
verify
each
tracker's
functionality and quality. Regular maintenance and calibration of
these machines are essential to sustain their accuracy and
efficiency, ensuring that every unit meets stringent quality
standards before leaving the production line.
4. Sources of Materials:
We secure high-quality solar panels, sensors, motors, and
durable materials from trusted suppliers. These components, sourced
from reputable sources, are crucial for our solar trackers'
efficiency and reliability. By prioritizing top-tier materials, we
ensure
that
each
part
meets
stringent
quality
standards,
guaranteeing the durability and optimal performance of our solar
trackers across various environmental conditions and extended
usage.
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5. Production Cost:
Raw Material Costs:
Range: ₱2,000 - ₱4,000
Labor Expenses:
Range: ₱2,500 - ₱5,000
Overhead Costs:
Range: ₱1,000 - ₱3,000
Equipment Maintenance:
Range: ₱1,000 - ₱2,500
Utilities:
Range: ₱1,500 - ₱3,000
VII.
OPERATION PLAN
1. Evaluation of Suppliers:
The company's target customers include commercial entities
such as solar farms, utility companies, and businesses seeking
sustainable energy solutions. The company directs its focus towards
these clients by offering solar trackers designed to maximize
energy output, ensuring durability, and providing scalability to
meet their evolving energy needs. This approach aligns with the
company's commitment to delivering reliable and efficient solutions
tailored specifically for commercial-scale energy production.
2. Materials Requisition and Receiving Procedures:
The company implements streamlined procedures for ordering,
receiving, and inspecting materials. This ensures efficient
procurement processes, allowing for timely and thorough assessments
of incoming materials to maintain quality standards.
3. Storage and Inventory Control System:
The
company
utilizes
inventory
management
software
to
efficiently track and manage stock levels. This system enables
precise monitoring of inventory, facilitating efficient stock
control and organization within storage facilities.
4.Shipment System and Control:
The company has established partnerships with shipping
companies to ensure timely and cost-effective deliveries. This
strategic collaboration enables efficient control and management of
shipment systems, guaranteeing reliable and prompt delivery of
products to customers.
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5. Functions of Support Services:
The support services encompass HR management, IT support, and
customer service functions, all aimed at facilitating smooth
operations and ensuring customer satisfaction. This comprehensive
support framework ensures effective management of human resources,
seamless IT infrastructure, and exceptional customer service
experiences.
VIII.
Marketing Plan
IDEAL BUYER
DEMOGRAPHICS
● Age: 30-59
● Location: Based in Naga city Camarines Sur
BUYER PROFILE
● Businesses and Homeowners
● Energy efficiency seekers
● Environmentally conscious
MARKETING STRATEGY
PRODUCT
● Presenting the "Solar Gazer," a solar tracking gadget for both
business and domestic solar power systems.
● Showcase its cutting-edge tracking technology, which tracks
the sun's path to absorb the most energy possible.
● Highlight the gadget's capacity to boost energy efficiency.
PLACE
● Start by focusing on solar energy installers and suppliers for
joint ventures and distribution.
● Create a specialized website for direct sales and customer
service to establish your internet presence.
● Investigate working together with influencers to reach more
customers.
PRICE
● Present the "Solar Gazer" as a high-end item with a price
point that matches its sophisticated monitoring abilities.
● To make the technology more affordable, provide lease programs
or flexible financing choices.
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● Offer customer service and a guarantee to raise the product's
perceived worth.
PROMOTION
● Initiate a thorough marketing strategy via trade exhibitions,
industry periodicals, and online platforms for solar energy.
● Work together with influential people in the field of
renewable energy to showcase the "Solar Gazer" in practical
uses.
● Use social media platforms for tailored advertising to connect
with eco-aware customers.
PEOPLE
● Educate sales and customer service representatives on solar
energy technology and the advantages of the "Solar Gazer."
● Consult with professionals in the field to receive their
endorsement and testimony regarding the efficacy of the
equipment.
● Users can help create a community by sharing their experiences
and success stories with the "Solar Gazer."
PACKAGING
● Create packaging that highlights the "Solar Gazer's" advanced
technology and eco-friendly advantages.
● Highlight the device's user-friendly interface and provide
clear directions for a simple installation.
● In keeping with solar energy's sustainable nature, use
environmentally friendly materials.
POSITIONING
● Present the "Solar Gazer" as a game-changing innovation that
will transform the way solar panels collect and use sunlight
in the solar energy sector.
● Stress the benefits to the environment by highlighting
improved energy efficiency and a decrease in reliance on
non-renewable energy sources.
● Place the gadget in the context of a long-term, sustainable
solution by highlighting the possible cost savings and return
on investment for customers.
We want the "Solar Gazer" to be recognized as an excellent,
environmentally responsible option for solar power. It's intended
for companies looking to maximize their use of renewable energy
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sources as well as environmentally conscious individuals. To stay
ahead of the solar energy curve, we'll keep a watch on industry
trends and technological advancements.
IX.
Financial Plan
MAJOR ASSUMPTIONS:
1. Revenue Assumptions:
● Projected annual growth rate:3%
● Pricing Strategy: Competitive pricing with potential
adjustments based on market demand.
2. Cost Assumptions:
● Operating
expenses:PHP
50,000
annually
based
on
historical data and industry benchmarks.
● Cost of goods sold (COGS):15% of revenue.
3. Capital Expenditure (CapEx):
● Initial
investment:PHP
200,000
for
manufacturing
equipment and technology.
● Ongoing CapEx:PHP 10,000 per year for maintenance and
upgrades.
4. Financing Assumptions:
● Initial equity investment:PHP 300,000
● Loan:PHP 30,000 with an annual interest rate of 5%.
Projected Statement of Comprehensive Income:
Revenue
PHP 150,000
Cost of Goods Sold
-PHP 22,500
Gross Profit
PHP 127,500
Operating Expenses
-PHP 50,000
Net Operating Income
PHP 77,500
Other Income/Expenses
PHP 2,500
Net Income
PHP 80,000
Table 2. Projected Statement of Comprehensive Income
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Projected Statement of Cash Flows:
Cash Inflows
PHP 150,000
Cash Outflows
-PHP 62,500
Net Cash Flow from Operations
PHP 87,500
Net Cash Flow from Investing
-PHP 10,000
Net Cash Flow from Financing
PHP 30,000
Net Increase in Cash
PHP 107,500
Table 3. Projected Statement of Cash Flows
Projected Statement of Changes in Equity:
Equity at the Beginning
PHP 300,000
Net Income
PHP 80,000
Dividends
PHP 0
Additional Investments
PHP 0
Equity at the End
PHP 380,000
Table 4. Projected Statement of Changes in Equity
Projected Statement of Financial Position (Balance Sheet):
Assets
PHP 390,000
Liabilities and Equity
PHP 390,000
Current Assets
PHP 90,000
Current Liabilities
PHP 30,000
Non-Current Assets
PHP 300,000
Long-Term Liabilities
PHP 30,000
Total Assets
PHP 390,000
Total Liabilities
PHP 60,000
Equity
PHP 330,000
Total Liabilities and
Equity
PHP 390,000
Table 5. Projected Statement of Financial Position (Balance Sheet)
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Financial Statement Analysis:
1. Profitability Ratios:
● Gross Profit Margin:PHP 127,500 / PHP 150,000 = 85%
● Net Profit Margin:PHP 80,000 / PHP 150,000 = 53.33%
2. Liquidity Ratios:
● Current Ratio:PHP 90,000 / PHP 30,000 = 3
● Quick Ratio:(PHP 90,000 - PHP 22,500) / PHP 30,000 = 2.25
3. Financial Leverage Ratios:
● Debt-to-Equity Ratio:PHP 30,000 / PHP 330,000 = 0.09
4. Efficiency Ratios:
● Inventory Turnover:PHP 22,500 / PHP 5,625 = 4
5. Investment Ratios:
● Return of Equity (ROE):PHP 80,000 / PHP 365,000 = 21.92%
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X. Appendix
A. References
● Department of Energy [Philippines]. (2023, November). It's
more sun in the Philippines: Policy Brief (V3). Department of
Energy [Philippines].
● Mordor Intelligence. (2023). Solar Energy in the Philippines
Industry Size & Share Analysis - Growth Trends & Forecasts
(2023
2028)
.
https://www.mordorintelligence.com/industry-reports/philippine
s-solar-energy-market
● International Renewable Energy Agency. (2022). Statistical
profiles:
Philippines.
IRENA.
https://www.irena.org/IRENADocuments/Statistical_Profiles/Asia
/Philippines_Asia_RE_SP.pdf
● Markwide Research. (2023). Philippine Solar Energy Market
Analysis – Industry Size, Share, Research Report, Insights,
Covid-19 Impact, Statistics, Trends, Growth and Forecast
2023-2030.
https://markwideresearch.com/philippines-solar-energy-market/
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