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MAE FAH LUANG UNIVERSITY
Mee Sub Market
Project Feasibility Study and Evaluation (1203302)
by
1. Miss Julalak Srijun 5331203014
2. Miss Phannarat Bunrattanathanakorn 5331203074
3. Miss Maliwal Thamrongphasuk 5331203093
4. Miss Mussabol Chaichana 5331203094
5. Miss Suangsuda Wangpiang 5331203129
6. Miss Arisa Saynak 5331203143
7. Mr. Ukrist Singkaew 5331203150
8. Mr. Palupol Meesub 5131207019
Group 3 Section 1
A term paper submitted in partial fulfillment
of the course 1203302 project feasibility study and evaluation
MAE FAH LUANG UNIVERSITY
Second semester, academic year of 2012
15 February, 2013
Content
EXCUSIVE SUMMARY A
1. CHAPTER ONE INTRODUCTION
1.1 Background and Significance of the Project 2
1.2 Project Objective(s) 3
1.3 Benefits of Project Identify the benefits of this study 3
1.4 Activities/Time Frame Gantt chart and Time frame of the study 4
2. CHAPTER TWO INDUSTRY PROFILE
2.1 Nature of Industry 8
2.2 Situation of Industry 9
2.3Product/Service 12
3. CHAPTER THREE MARKET FEASIBILITY STUDY
3.1 Market Analysis 15
3.2 General Environment Analysis Political, Economy, Social
and Environment, and Technology 15
3.3 Competition Analysis (3C Analysis) 23
3.4 STP Analysis-Marketing Mix Strategy 34
3.5 Sales Forecast/Profit Estimation 44
3.6 Marketing Expenses (Sales Incentive) 56
3.7 Conclusion 56
4. CHAPTER FOUR INVESTMENT COST
4.1 Cost of Investment 58
4.1.1 Pre Operating Cost 58
4.1.2 Investment Cost 61
4.1.2.1 Land 63
4.1.2.2 Buildings 64
4.1.2.3 Equipments 65
4.2 Facility Layout
4.3 Machine/Tools/ Equipments 70
4.4 Depreciation 76
4.5 Conclusion 78
5. CHAPTER FIVE TECHNICAL ANALYSIS
5.1 Product Characteristics 80
5.2 Specification, Feathers, Dimension, Life Time, etc. 81
5.3 Production/Services Process 81
5.4 Administration Analysis 82
5.4.1 Facility Cost (Electricity, Telephone, Fax, etc.) 82
5.4.2 Administration Cost 84
5.5 Conclusion 87
6. CHAPTER SIX FINANCIAL ANALYSIS
6.1 Financial Assumption for Business. 89
6.1.1 Financial Statement in 5 years 90
6.2 Ratio Analysis 107
7. CHAPTER SEVEN RISK MANAGEMENT
7.1 External Risk 109
7.1.1 Economic 109
7.1.2 Environment 109
7.1.3 Competitor 109
7.2 Internal Risk 109
7.2.1 Financial Risk 109
7.2.2 Strategic Risk 110
7.2.3 Operating Risk 110
7.2.4 Compliance Risk 110
7.2.5 Credit Risk 111
7.2.6 The policy for reducing risk 156
7.2.7 Risk assessment 156
8. CHAPTER EIGHT SUMMARY
8.1 Environment Feasibility Analysis Summary 158
8.2 Marketing Feasibility Analysis Summary 158
8.3 Financial Feasibility Analysis Summary 159
REFERENCES
A
Executive summary
From increasing and expanding of business about healthy like spas, beauty clinics,
healthy restaurants and supplementary food, it shows that people concern more about their
health in Nowadays and have the trend to increase more and more. In term of consumption
behavior, fresh food and healthy food are popular among a lot of people. Combine with
lifestyle of Thai people still cook at their home. Especially, Chiang Rai people are prefer to go
to a fresh market where people can trade the raw material used in cooking both fresh food and
dry food. Although there are many fresh markets in Chiang Rai, many fresh markets have
problems like cleanness and fresh of food. Moreover, the increasing number of the population,
it leads to an increasing in the need of food of people. So, we find an opportunity to do a
business that is the fresh market for healthy.
Mee Sub Fresh Market is a healthy market that is located on the bypass of Chiang Rai
province which closed to the airport and community which provides the Fresh food for
consumer by toxin test procession in every two weeks because according to the population in
Chiang Rai found that people turns to be focusing on their health by watching what they will
be eaten, and this would be an opportunity to open the Mee Sub Fresh Market for meet with the
consumer need. Therefore, the target market is housewives who are female in age between 35-
60 years old and also concerning of health. For the Manage Strategy, we have a good of
garbage and infrastructure management. For the Marketing Strategy, our firm provides the
advertising on local radio, local newspaper and cars radio before and after the Mee sub Market
Grand opening date, we also set the winner award for the Walking for health activity with
inviting the under-secretary of a health ministry to open our Fresh Market. For the Promotion
Strategy, our firm will give the fifty percent discount stall on the agreement for the header who
can find the retailer for rent stall. Moreover, for the Financial Statement, the firm has to payoff
debt on 6 percent of the interest and principle money within twelve years.
Chapter 1
Introduction
2
Background and significant of the project
Chiang Rai province is located in the northernmost of Thailand. Surrounding provinces
are Phayao, Lampang and Chiang Mai. The north border of Chiang Rai is next to Shan
State of Myanmar which has the highway cut through Myanmar in Mae Sai border that would
have the forth Thai-Laos Friendship Bridge at Chiang Khong in the future. In the northeast
border is next to the Mekong River and in the east is next to Luang Prabang Hill of Thai-Laos
border. Chiang Rai is a scenery town which is a big province in Thailand that has a large area
ranked as the 12th of the country (Wikipedia, 2012).
In the past, human society fosters itself by sufficiency economy system that every
household can produce and consume productivities within their family. In order to do that, they
use materials from natural resources in their local area even weave their own clothes. Then, the
society has become bigger and the productivities they produced are greater than their needs so,
that surplus has brought to exchange with other productivities the household cannot be
produce. At that time there is no certainly place where people can exchange their productivities
therefore they exchange their products at the source. After that, the society has been growing
and become a big city that has an influence on trading; the demand of products has been
increasing while trade has been expanding. Thus, there need to be a place where people can
exchange those products that is called ‘Market’. Fresh market is a distribution of products in
category of food and other consumer goods which are necessary for daily life.
According to the definition of Public Health Act, B.E. 2535 (1992) in section 4,
‘Market place means a place ordinarily arranged for merchants to assemble to offer for sale
goods consisting of animal, meat, vegetable, fruit, fresh or already prepared or cooked food, or
perishable foodstuff, with or without other kinds of goods for sale, and includes an area
arranged for merchants to assemble to offer said goods for sale regularly or from time to time
or on appointed dates.’
In the next three years (2015), Thailand will participate in the AEC completely. The
country will have an opportunity in order to import and export with 0% tariff. Thailand will be
the country of the tourist destination and the airline center of ASEAN. Chiang Rai province is
the one of the province which has an effect from AEC. Because of Chiang Rai is the tourist
destination which has many beautiful and interesting places for traveler. Furthermore the
border of Chiang Rai is close to Loas and Myanmar. Chiang Rai also has an important port
which is called Chiang San Port (Ministry of Commerce, 2013) Becoming one of the countries
3
which participate in AEC will extend in a trend of the economics of Chiang Rai which the
border trade at Chiang Khong district tends to be increase from 2012 at 4,800 million Baht.
This will cause to increase in purchasing power of Chiang Rai people (Sivarak, 2013) So, to do
a fresh market business might be a good alternative in business because the life style and basic
of life of people need food. This is the reason why we choose the fresh market business.
Project Objectives
• To bring out the business knowledge in order to create a business plan.
• To study the process of doing business including with all business activities.
• To be the alternative market for consumer in Chiang Rai province.
• To increase jobs and revenue for people in the province.
• To study the feasibility and opportunity of the fresh market in Chiang Rai.
Benefits of the project
1. Benefit for group members
• To use the knowledge and gain more experience of the business.
• An opportunity to survey in a real situation for coordinating with different kind
of divisions which it helps to operate the business project.
• To reinforce a skill of thinking that is step by step method.
2. Benefit for customer To reinforce the local people to have a better quality of life.
To improve a standard of local people consumption.
To expand the economy.
A lifestyle of people will change and go along with a behavior of goodwill.
3. Benefit for entrepreneur
For the entrepreneur who is interested in Fresh market investment, this project
can be a guide planning of Fresh market.
4
Gantt chart and Time frame of the study
5
6
Chapter 2
Industry profile
8
Nature of industry
‘Market’ was founded in Thailand since Sukhothai period as the stone inscription said
‘Whoever wants to trade in elephants, so trades. Whoever wants to trade in horses, so trades.
Whoever wants to trade in silver and gold, so trades.’ It shows that trade is also occurs for a
long time started from an exchange of things like goods or other stuff. After that, there is a
regulation of determining something as a medium of exchange which are; cowrie shell, coin
and money in the present time (Phattanarat, 2003).
Market in the former time is the economy source of Thai people because market is
known as the place where anything can be found. When you lack of something, you can find it
in the market. The market that has obvious evidence is the market in Ayutthaya period which is
the period that the foreign came to trade in Thailand. So, Thai people have a relationship with
trade for a long time.
The market is the place where people in the community come to contract with each
other in order to trade and exchange information so that it is a center of communication by land
and water. In every communities of the country, people who have involve in the market are
people who bring products into the market to sell and people who come to buy products such
as the end-users and retailers. People who related to the market are an entrepreneur or the
market’s owner, trader, shipper, labor and the consumer who come to buy the product. At this
point, the market is an important business sector which can create more jobs and generate
income in economy system of the country.
Nowadays, there are changes in economy and society that encourage the expansion of
trade lead to many types of market such as clothes market, fresh market, flower market etc.
According to the fresh market, it is the place where people trade the raw materials used in
cooking, both fresh food and dry food and including instant food. In Thailand, fresh market can
be found in the area of communities around the country. The growth and the recession of fresh
market depend on the change in economy factors and social factors of each community such as
the change in transportation system from transport by water to by land, expanding of
community, crowded traffic system, high price of land, occurrence of a big and modern retail;
department store, discount store and supermarket, and including the change of customer
behavior from preparing a meal at home to eating in the restaurant or consuming instant meal.
However, fresh market should be acquainted to people in that community and should be
convenience to travel to. The size of fresh market also depends on the size of that community
9
where the market located or depends on number of product placed in the market. Moreover, the
type of market is depends on environment and habitation of that community. For example, if
the community has communicated by water, the market would be known as floating market. If
the community has communicated by land, the market would be known as land market. In this
case, fresh market is the place of culture that shows the livelihood of people in that society
(Siritarungsri, 2009).
Situation of industry
According to the rapid growth hog the cities, people way of life has been change. An
increasing number of the supermarket and superstore affect to the change of customer behavior
including; increasingly focused on the convenience, more concern about health, wellness, and
safety food and consuming more ready to eat and prepared foods (Salsberg, 2010).
(Source:http://csi.mckinsey.com/knowledge_by_region/asia/rest_of_asia/thailands_modern_grocery_at_a_crossroads)
10
From this figure, it can be seen that the trend of the growth number of retail market or
supermarket in Thailand is gradually increasing. This situation influence to the fresh market
and many grocery shop significantly. In case of the increasing number of customer go to the
market. Although, there are increasing numbers of supermarket, most of Thai people still go to
the fresh market because of there are some local product that the supermarket did not have.
And the price of the product in supermarket is more expensive than in the fresh market which
conforms to customer behavior that more economizing and searching for value.
According to a preliminary survey, most of the popular fresh market has variety choices
of food such as vegetable, fruit, meat, dried food and etc. Moreover, most of them have a very
competitive pricing strategy which has a huge effect on consumer decision. However, there are
some weaknesses for those markets that they had over look. For example; bad water irrigation,
poor air ventilation system, unplanned zoning and improper parking space. It can be seen that
there still has a gap for some improvement and we will focus on turn their weakness into our
strength which provides a standard of structure by having a public utility system along with
clear divided zones and always keep a clear place because nowadays, most people in Chiang
Rai are more concern about the hygienic condition and the trend of goodwill has been changing
by time which means the lifestyle of consumption adjust to higher level. And this is the reason
why we are interested to invest on a fresh market.
From the discussion with the officer of Chiang Rai Municipal government, there are 12
important fresh market which under the control of the municipal. It can divide in to two
categories:
Private market
• Sri-sai-moon Market
• Fah Sawad Market
• Nim Si Seng Market
• Den-Hah Market
• Ma-Na Market
• Baan Mai Market
• Pah Kong Market
• Huay Pah Gang Market
• Chock Chareun Market
11
Municipal Market
• Tet Sa Barn neung Market
• Tet Sa Barn Song Market (Sirikorn)
Almost of those markets that we indicated have different advantages and disadvantages.
Such as in some of those market has wide variety of products with a limited area. Due to the
crowded it causes problems about parking and traffic jam. In some market has a huge location
and a parking space but only a few people use their service. Because of the life style of Chiang
Rai people and their behavior, most of them have an easy life style and economical. They like
to expense their money with many alternative products.
So, doing a business in Chiang Rai especially in a fresh market business, we have to
know the customer behavior of Chiang Rai people. In order to construct a fresh market which
match with their life style and behavior.
12
Product and service
Product
In the fresh market most of the product is fresh meat, sea food, vegetable, fruit and
prepared foods. Some of the products which cannot find in the supermarket such as local
vegetable and local food are founded in our fresh market.
Market with infrastructure
Market with non-infrastructure
13
Service
Almost the fresh market in Thailand has an improper and unclear zone. Most of the
zone is depend on the relationship between sellers. For example, although they sell different
type of products but they have a close relationship and stay in the same zone. This causes the
disorganized and messy to the market. Moreover, most of the markets are lack of cleanness and
maintenance. For example in the fresh meat zone, there are some problems about dirty ground
and fishy smell. This cause people did not want to go to this zone of market. In some fresh
market located in the community with crowded people that can cause the traffic jam.
Parking Public toilet
Garbage pail Weighing scale
(Source:http://www.nwmc.go.th/market_1.html)
(Source:http://www.teeteawthai.com/
Chapter 3
Market Feasibility Study
15
Market Analysis
General environment analysis
Political
According to ministerial regulations about market hygiene B.E. 2551 (2008) in section
1 that types of fresh market can be classified into 2 categories;
Category 1 : The market with infrastructure and operate regularly or at least once a week
which meets the requirements of Ministry of Public Health.
Category 2 : The market with non-infrastructure and operate regularly or at least once a week
which meets the requirements of Ministry of Public Health.
Fresh market of municipal government that plan to build or develop in the future must
be a market with permanent infrastructure classified as market in category 1. The market have
to be clean and sanitary, proper number of stall which is suit to local area condition and eating
culture and living of each region. The market has to be safe and easily access. Moreover, it has
to be a place that has no effect to environment and society nearby such as bad smell, polluted
water and trash.
However, there are three requirements under Healthy Market from Department of
Health B.E. 2551 (2008):
Environmental health requirement
The marketplace should be well-ventilated, floors in all market areas should be sloped
to drain and Infrastructure should be well-maintained in good and hygienic condition. Pathway
in the marketplace should be at least 2 meters width. Food and stuff should be placed for sale at
least 60 centimeters above the floor. All goods and equipment using in marketplace should be
placed properly and should be zoned. Each stall should have the number and the name of the
owner and they should be easily seen. Trash containers should be separated from garbage,
adequate in number, insanitary condition, and regularly cleaned. Toilet for male and female
should be separated, well-ventilated and free from bad odors. Wastewater treatment should
meet the standard (for marketplace with area at least 2500 m² or above). Pest control should be
conducted at least twice a year. Routine cleaning shall be done after each use every day and
sanitary cleaning should be conducted at least once a month. Person who sells merchandise
16
should perform good hygienic practices and dress with good personal hygiene during all
working periods.
Food safety requirement
All food sold in the market must free from 5 chemical contaminants; Borax, Formalin,
Salicylic acid, Sodium hydrosulfite, Beta agonist.
Consumer protection requirement
Person in charge for contamination screening test should be provided in designated area. It
should provide an information boards and weighing scale for consumers.
Chiang Rai government agencies can be divided in to 3 agencies.
1. The Regional Administration
2. The Central Administration
3. The Local Administration
Include: 1 City Municipal
26 Local Municipal
1 Provincial Administration
116 Locality Administration
The Mee Sub Fresh market is located and under the control of Chiang Rai City
municipal.
To be a standard fresh market must follow by the ministry of Public Health which is
mentioned about the structure of the market, location, store management, waste disposal
system and also health and environment standard. This point we have to concern on population
and the need of consumer.
Economy
The economic circumstance of Chiang Rai at this time tends to expanded continuously
follow by the government policy which encourage people to spend their money such as;
increase minimum wage, raise the salary of government officer and reduce the corporate
income tax to raise the demand and the purchasing power. According to the report of economy
estimation of Chiang Rai in 2012, the investment of private sector in Chiang Rai has been
expanded to 17.1% due to the expanding and introducing of new project of real estate business
to support the economic expansion in Chiang Rai.
17
Moreover, there is an ASEAN Economic Community in 2015 which is an association
of ASEAN country to create their own market and production base. There is a freedom
movement of product, service, investment, capital and high skill labor. Besides, Chiang Rai is
an important fortress area where is a stronghold in tourism and transportation due to the fact
that it has a boundary connected to many countries. From these economic factors, it shows that
establishing a fresh market is required by consumers (The Chiang Rai Provinceal Office of the
Comptroller General, 2012).
Social
According to the increasing number of employment1 and an increasing in population
2 in
Chiang Rai, people have more income and more quality of life. It can increase in the
purchasing power of people to buy the product which match with their need. People in the
Northern of Thailand has the characteristic of living as a big family, living near their
neighborhood, mutually depend on each other, has simple lifestyle , still preserve the local
culture and traditional custom. Although society nowadays is developing to be urban society;
an increasing of housing development, development of technology and economy, but these
change cannot cause an effect to the way of live of people that much. Due to people in Chiang
Rai has a simple lifestyle, they does not live as a big family like in the past anymore.
Nowadays, people are more concern on health not only the older person but also working
persons and teenagers. They also pay attention to the healthy functional food in order to be
good in health (SMEs Article, 2012) whether it is more expensive. People in Chiang Rai living
as a single family and still prepare the meal in their household. So, the fresh market still is an
alternative of Chiang Rai people to use the service in purchasing raw material for cooking or
other consumption goods. As mentioned above, it shows that fresh market business still is
required to meet the customer’s needs. To respond to the needs of customers, the entrepreneur
has to focus on customer behavior and merchants or seller who rent the stall and use the fresh
market service, in order to survey the needs of customers in many factors. So that, they can
specify the form and characteristic of fresh market follow by the regulation and customer’s
needs.
18
Table of Economic and Chiang Rai trend.
(Source:http://www.klangcri.com/team/team3/data/ManagementChart/Report_MC/2555/Mana
gement_2_55.pdf)
(Source:http://www.thaifranchisecenter.com/document/show.php?docuID=526)
1
2
19
Environment
In term of environment, Chiang Rai city has traffic jam in community areas. However,
the location of our fresh market has clear and nice weather and not crowded community since it
located on the bypass that close to government sectors, school, university and the airport that
suitable to build the market. Moreover, we found the building instruction of row houses has
been increasing even on the opposite and beside our Fresh Market which means this area will
become the crowd community in the future and also found the developed housing with 200
houses in the area around our Fresh Market.
Government Sectors
Chiangrai Provincial Administrative Organization
Chiangrai Government Service Ministry of Labour Department of Rural Roads No.17 (Chiang Rai)
Chiangrai Provincial Labour Protection and Welfare Office
20
University/ School
Chiangrai Department of Skill Development
Chiangrai Municipality School 6 (Junior High School) Chiangrai Municipality School 6 (Senior High School)
Chiangrai Department of Fisheries Department of Public Works and Town & Country
Planning Chiangrai Office
Chiangrai Department of Probation
21
Row housing
Wisanusorn School
Chiangrai Special Education Center Ramkhamhaeng University Chiangrai Campus
22
Technology
At this time, technology and communication are growing that make the marketing
easily reach to the real customer more than ever. Since there are variety of alternatives in
receiving the information such as radio, television, newspaper, billboard and including internet,
therefore, our group has studied advertising method to introduce The Mee Sub market and
persuade sellers and buyers to know and come to the fresh market. The advertising can be
conducted through many types of technology which is suit to the geographic features and target
market behavior.
Developed housing
Koolpuntville (234 Households) Greenville
Suwanraya Village (60 Households)
23
Competition Analysis
1. Competitor analysis
Ban-Du Market
Category Details
Location Bandu District, Muang, Chiang Rai
Surrounding 7/11, Banks, University
Amount of stall 500 stalls
- Meat 10 Sellers
- Fish 6 Sellers
- Others
Stall Payment - 2 Baht in the Moring since 4 a.m. – 10 a.m.
- 5 Baht in the afternoon since 1 p.m. – 8 p.m.
General information Ban-Du is an economic area with the market is near the community
area and Chiangrai Rajabhat University. It is crowded in the
evening. Fresh products can be found in the morning and cooked
food can be found in the evening. The market planned to expand the
flooring but cannot be done.
Pros - Convenience to stop by
Cons - There always has a traffic jam in the front of the market
especially in the morning and evening which causes
accidents many times.
- It is not organized
- There is bad smell of the garbage since it is no proper
storage.
24
Pah Kor Market
Category Details
Location Phahon Yothin Rd., Rop Wiang District, Muang, Chiang Rai
Surrounding - 7/11 in both side of the road
- Food area in the evening
Amount of stall 150 stalls
- Meat 3 Sellers
- Fish 2 Sellers
- Vegetables, fruits, cooked food etc.
Stall Payment 10 Baht/stall
General information Pah Kor Market is a small market which is close to the community.
The market is open since 5 a.m. – 10 p.m. and crowded in the
evening. Mostly sold cooked food. The area has a good commercial
interaction.
Pros - There are varieties of food for people who looking for
cooked food to be take home.
Cons - Traffic jam in the evening
- No parking lot
- Not clean
- No waste disposal system
25
Tet Sa Barn Neung Market
Category Details
Location Tet Sa Barn Neung, Thanalai Rd., Rop Wiang District, Muang,
Chiang Rai
Surrounding It is a trading center area of Chiang Rai; there are trading all the
time. It is near to Chiang Rai Clock Tower.
Amount of stall 800 stalls
Stall Payment 50 Baht/stall
General information Because Tet Sa Barn Neung Market is the biggest market in Chiang
Rai, so there is a trade interaction all the time. There are Market
inside and Market outside.
Market inside;
- Open since 4 a.m. – 6 p.m.
- Product sold are; clothes, food, snack and grocery.
- Some area also trade at night.
Market outside;
- Open since 2 a.m – 8 a.m. in the morning.
- Fresh products can be found in the morning e.g. vegetables.
- Open 4 p.m. – 3 p.m. in the evening.
- Cooked food, vegetables, meat etc. can be found in the
evening.
Pros - There is a trade interaction all the time.
- Good economic area
Cons - There is bad smell of the garbage.
- It is quiet dirty and it is the source of pest such as mice.
- The management is not so good such as drains, waste
disposal system etc.
- Unsystematic stalls which are trade on the road, it may cause
dangers to both sellers and customers.
- Traffic jam and Lack of parking lot.
26
Tet Sa Barn Song Market (Sirikorn Market)
Category Details
Location Rop Wiang District, Muang, Chiang Rai
Surrounding Bus Terminal, Suan Tung and Chiang Rai Nigh Bazaar
Amount of stall 110 stalls
- Meat 28 Sellers
- Fish 27 Sellers
- Fruit ,Flowers, Vegetables, cooked food, etc.
Stall Payment Monthly : 156 Baht/stall
General information Sirikorn Market is located in the community with crowded people
stop by so it is good trading area. Mostly there are make to order
restaurants and gift shop. It is open since 4 a.m. – 7 p.m.
Pros
- It is located in the entrance way of the city which is close to
community and a lot of trading nearby.
- It is a well-known source of flower shops.
Cons - No parking lot
- Not clean
- No fences to prevent animals
- No segment of garbage and waste
27
Huay Pah Gang Market
Category Details
Location Mae Sai – Mae Fah Luang Rd., Rop Wiang District, Muang, Chiang
Rai
Surrounding 7/11 on the left and Lotus Express on the right
Amount of stall 50 stalls
- Meat 2 Sellers
- Fish 1 Sellers
- Vegetables, cooked food, etc.
Stall Payment 300 Baht/Month
General information Huay Pah Gang Market is close to the community but not so
crowded since it is a small market. It is open since 5 a.m. – 8 a.m. in
the morning and 3 p.m. – 6 p.m. in the evening.
Pros - It is quiet clean.
- Not crowded.
Cons - No toilet
- No waste disposal system
- Difficulty in traffic
28
Baan Mai Market
Category Details
Location Baan Mai Crossroads, Rop Wiang District, Muang, Chiang Rai
Surrounding - Many stores aside
- Lotus Express in the opposite
- Close to Baan Mai community and St.Mary School
(Primary) Chiang Rai
Amount of stall 300 stalls
- Meat 10 Sellers
- Fish 6 Sellers
- Others
Stall Payment Daily : 10 Baht/stall
Monthly : 300 Baht/stall
General information Baan Mai Market mostly sell vegetables, fresh products, cooked
food in the morning.
Pros - Segment the parking lot between motorcycles and cars.
- Convenience to stop by
- Tidy and orderly
- Good waste management
Cons - No toilet
- No cement parking lot
29
Den-Hah Market
Category Details
Location Den Hah Crossroads, Rop Wiang District, Muang, Chiang Rai
Surrounding 7/11, Lotus Express
Amount of stall 150 stalls
- Meat 2 Sellers
- Fish 1 Sellers
- Others
Stall Payment Collect both in the morning and in the evening 10 Baht/stall
General information Den-Hah Market mostly sells vegetables and cooked food. The
market is located under the building which is very stuffy.
Pros - Close to the community
- Crowded people in that area
- Good economic area
Cons - There is a traffic jam in the evening.
- No parking lot
- No toilet
- Stuffy
- Quiet dirty
30
Nim Si Seng Market
Category Details
Location Next to the main road, Rop Wiang District, Muang, Chiang Rai
Surrounding Green Wing in the front and 7/11 on the left.
Amount of stall 200 stalls
- Meat 4 Sellers
- Fish 3 Sellers
- Others
Stall Payment 20 Baht/day/stall
General information Nim Si Seng Market is a small market located in community area.
The customers who come to the market are local people in the
community. It is open since 5 a.m. – 6 p.m. Cooked food can be
found both in the morning and in the evening.
Pros - Quiet clean
- Developing market
Cons - Bad smell of garbage
- Bad waste management
- No safety parking lot
- Dirty aside the market
- No fences to prevent animals
31
Sri-Sai-Moon Market
Category Details
Location 20 M.1 Rop Wiang District, Muang, Chiang Rai
Surrounding 7/11 on the left, Lotus Express on the right, and Glasses store in the
opposite.
Amount of stall 150 stalls
- Meat 3 Sellers
- Fish 2 Sellers
- Fruit 4 Sellers
- Vegetables, cooked food, etc.
Stall Payment Daily : 10 Baht/stall
Monthly : 300 Baht/stall
General information Sri-Sai-Moon Market is located in the community with crowded
people stop by so it is good trading area. Mostly there are make to
order restaurants and dormitory close to the market. It is open since
6 a.m. – 8 p.m. crowded people in the morning and in the evening.
Pros - It is located in the entrance way of the city which is close to
community and a lot of trading nearby.
- The market is not influence to the community since it is no
village there. Most people just come and go.
Cons - No parking lot
- Dangers and Difficulty of traffic in the front of the market
- Not clean
- No fences to prevent animals
- No segment of garbage and waste
- The toilet only have 2 rooms
(Source: From our survey)
32
According to the primary survey the table shows the strength and weakness of
competitors who open the Fresh Market companies in Mueng district Chiang Rai. We found
that, the most of Fresh Market weakness on the parking lot allocate of garbage, bad ventilate
air and zones dividing. However, they still have a strong strength such as place close to the
highway and in the center of community where is suitable for local people to drive or ride their
own vehicle from their place to the Fresh Market. The last but not least, we also found the
convenient store around the Fresh Market which is comfortable for customer of come at one
place and can get what they need to buy. Moreover, we are wonder why the customer still to go
the same market with the high weakness or they don’t have other alternative of Fresh Market,
this is the reason why we are interested to do the Fresh Market with turning their weakness to
our strong strength which provides allocate of garbage with a good of ventilate air and having a
clear zone of products along with sink placed in the meat and seafood zone to customer for
washing their hands after buying the raw meat, parking lot is the important thing for customer
to have a convenient parking so they won’t feel rush moving their vehicle. But the most
importantly is the variety product with a quality check and a fair price for customer which
based on Ministry of health standard in our Fresh Market to meet with customer needs.
2. Customer Analysis
Nowadays, trend of healthy is fever around the world and including Thailand. Thai
people are concern more about their healthy in term of consumption. Especially, a group of
people that is working age have behavior in choosing the healthy food more and more. They
focus on fresh, quality, and nutrition of food.
So, the characteristic of the customers who come to the fresh market in Chiang Rai
mostly are; female, age 30 and above, working people including housewife who likes to
expend and purchase instant food and raw materials to prepare the meal in her household to
make sure that the food is safe and healthy. Most of the customers are price concerns and
quality is significant in order to make decision too. Variety of goods is also relevant.
Moreover from statistic of income and expense of Chiang Rai people show that the
people have more income and have expense that more than half of income. It means that people
have more power to buy.
33
Income of Chiang Rai people during 2006-2009
Expense of Chiang Rai people during 2006-2009
34
3. Competitive Analysis
There are three competitive have found in the Fresh Market in Chiang Rai. First of all,
stall price rate of each Fresh Market is different because its depend on demand of retailer if the
Fresh Market has a cheap price of stall so, most of the retailer would like to get stall for their
product sales which means the demand of customer follow the retailer for buying products.
Second of all, the Fresh Market this got the award from Ministry of health to warranty itself of
a clean Fresh Market for customer to purchase, so this factor can increase the amount of
customer. Third of all, demands of customers are depending on the variety products in the
Fresh Market. If the Fresh Market have variety products sale, demand of customer will be
increased because variable market attracts customer to purchase at that market.
STP Analysis
Segmentation
The segmentation of the users of Fresh Market can be classify in 3 categories by
segmentation from demographic including occupation, age and lifestyle;
1. A group of people age 15-22 years old or a group of student. The characteristics of this
group are; prefer convenience, emphasize on consuming instant food and mostly come
to fresh market in the evening to late night.
2. A group of people age 23-34 years old; mostly are working people or salary man such
as private sector employees, employees work in the government service etc. This group
of people has a hurry-up lifestyle that has no time to prepare the meal so, they tend to
consume instant food and come to fresh market in the morning since 6 A.M. to 8 A.M.
and in the evening since 4 P.M. To 10 P.M. They also concern about healthy food.
3. A group of people age 35-60 years old and above; female who is a housewife. This
group of people tends to purchase raw materials to prepare the meal in the household.
They also concern about healthy food for their household. Mostly, they come to fresh
market in the morning since 4 A.M. To 10 A.M. and in the evening since 3 P.M. To 6
P.M.
The segmentation of the people who are seller in the fresh market can be classified into 2
categories;
1. A group of sellers who want to rent the stall(s) in temporary.
2. A group of sellers who want to rent the stall(s) in permanent.
35
Target Market
According to the segmentation of the fresh market, can be assumed that the target
market of the fresh market Mee Sub is a group of people age 35-60 years old and above;
female who is a housewife, because of the behavior of this group of people that always comes
to the fresh market and also health concern, always seek for healthy food. And from the
segmentation of the users who are seller can be assumed that the target market is a group of
sellers who want to rent the stall(s) in permanent.
Product positioning
1. Mee Sub Market would be one of the Very Good Level Healthy Market out of 228
markets in Thailand.
According to the information from Thai Health Promotion Foundation (2012) shows
that there are 1,533 of fresh markets all over Thailand. Those markets which meet the
benchmark standard of Healthy Market are 1,302 markets that are 85 percent and can be
classify into 2 levels; Good Level 1,074 markets and Very Good Level 228 markets.
To be a Very Good Level (5 Stars), the market should be developed to be a Healthy
Market that meet three requirements under Healthy Market from Department of Health B.E.
2551 (2008):
1) The market has to meet the first 17 sections of Environmental health requirements
and other 18 sections or above which is not less than 35 sections in total.
2) The market has to meet the Food safety requirement.
3) The market has to meet the Consumer protection requirement.
These are 40 sections of Environmental health requirement for Healthy Market;
1. Marketplace shall be well-ventilated.
2. Stalls, pathways, and outside garbage storage areas or enclosures shall be kept clean.
3. Floors in all market areas and proximity shall be sloped to drain.
4. All drains in marketplace shall be opened. Although drains around the market shall be
kept covered with metal screens and easily cleaned.
5. Toilets shall be well-ventilated, to be free of obnoxious odors.
6. Septic tanks are in sanitary condition.
7. Routine cleaning shall be done after each use every day.
8. Tap water shall be provided adequately.
9. Toilets for male and female shall be separated.
10. All goods and equipment using in marketplace should be placed properly. Do not
obstruct the pathways.
11. Food and stuff should be placed for sale at least 60 centimeters above the floor.
36
12. Sanitary cleaning should be conducted at least once a month.
13. Public trash receptacles should be adequate in number, in sanitary condition, and
regularly cleaned.
14. Trash screening and grease trapping should be conducted before discharging to public
sewage system or environment.
15. Infrastructure should be strong and durable. Floors should be constructed of smooth
durable material and easily cleaned.
16. Post control shall be regularly conducted.
17. Person in charge should take action in cleanliness and safety in marketplace.
18. Light at the stalls should be at least 200 Lux.
19. Stalls should be constructed of smooth durable and easily cleanable material, and at
least a height of 60 centimeters.
20. Each stall should have the number and the name of the owner and they should be easily
seen.
21. A trash receptacle should be present at each stall with sanitary condition and regularly
cleaned.
22. Trash containers should be adequate in number, insanitary condition, and regularly
cleaned.
23. Water storage containers should be adequate in number for daily use.
24. Toilets for male and female and sinks with soap should be clean, adequate in number,
and conveniently located.
25. There should be a person in charge of cleaning toilet at least twice a day.
26. Waste receptacles in the toilets should be durable and leak-proof material and kept in
covered.
27. Pest control should be conducted at least twice a year.
28. The number of pet and pest should not excess standard level.
29. Goods should be zoned.
30. Fire extinguisher should be adequate in number, placed in proper location, and easily
accessible.
31. Infrastructure should be well-maintained in good and hygienic condition.
32. Traffic around the market should be properly provided.
33. Person who sells merchandise or assistant should properly dress with good personal
hygiene.
34. Person who sells merchandise or assistant should perform good hygienic practices
during all working periods.
35. There should be a designated place for comments from public.
36. Pathway in the marketplace should be at least 2 meters width.
37. Trash should be separated from garbage.
38. A group or association of market’s owners, persons who sell merchandise or assistants,
or consumers should be required.
39. Environmental or sanitary training course should be provided for persons who sell
merchandise or assistants.
40. Wastewater treatment should meet the standard. (for marketplace with area at least
2500 m² or above)
37
Food safety requirement
All food sold in the market must free from 5 chemical contaminants; Borax, Formalin,
Salicylic acid, Sodium hydrosulfite, Beta agonist.
Consumer protection requirement
Person in charge for contamination screening test should be provided in designated
area. The market also has information boards and weighing scale for consumers.
2. Mee Sub Market would be known as safe and clean fresh market where the
products found are clean, safe, fresh, and free from any toxic residues and contaminant
substances.
Mee Sub Market concerns about safety of consumers to reduce illness rate and death
rate of people in the area. Especially food is to be concern since food is an important factor
people consume every day which can be create and destroy a good health at all time. So, our
market needs to collaborate with Ministry of Agricultural and Cooperatives, Department of
Health and community to provide safe and clean food for consumers.
2.1 Product Certification
In order to achieve this positioning, the sellers require Product Certification for
agricultural products and food from the Ministry of Agricultural and Cooperatives. Due to the
institutes in the Ministry of Agricultural and Cooperatives use the certification of agricultural
products and food as the same mark called ‘Q Mark’ which represent the quality of agricultural
products and food as safe and high quality products. Moreover, it also communicate to
consumers within the country and trading partners from other country to trust in production
system and agricultural products and food which is meet the standard and to be accepted in
other countries.
This Product Certification covers taking random samples, testing products, and
inspecting the product whether the product characteristics of quality and safety follow the
agricultural products and food standard or not. The safety standard concerns about toxic
residues and contaminant. Moreover, there is an assessment of operation system of the
producers if they can maintain their quality and safety of products or not.
38
The Q Mark symbol
The National Bureau of Agricultural Commodity and Food Standards (ACFS) suggest
that the size of Q Mark should not smaller than 15 mm. in order to be clearly visible and
readable by the naked eye.
The color of Q Mark
Figure 1: An example of the appearance of Q Mark Type A.
Figure 2: An example of the appearance of Q Mark Type B
Color Code
Green C100,Y100BL60
39
1. Certification Body (CB)
- Prepare condition of certificate
- Identify type of certificate
- Identify standard used
The process of issuing Q Mark
The assurance of operating system or to assure agricultural products and food can be
summarized as the steps shown in the chart below;
The chart of process of issuing Q Mark for agricultural products and food
Means the process of issuing Q Mark
Means the process of linking information as a central database
2. National Bureau of
Agricultural Commodity and
Food Standards (ACFS)
Consider
3. Give the code (Code No.3)
and Certification Body (CB)
4. Certification Body (CB)
issues the certificate
Submit
Incorrect or
incomplete
document
Document is correct and complete
Inform certificate
information as the
central database
40
2.1 Provide screening test for food safety
Under Food safety requirement of Healthy Market, the food sold in the market must
free from 5 chemical contaminants; Borax, Formalin, Salicylic acid, Sodium hydrosulfite, Beta
agonist. However, Mee Sub Market will collaborate with Ministry of Public Health to make
random inspection of 7 contamination substances including; Red meat catalyst, Borax,
Formalin, Salicylic acid, Sodium hydrosulfite, Beta agonist and repeated use of frying oil.
Besides, our market also has more inspections on drinking water quality, ice, microbial
pathogens and other contaminants such as Aflatoxin, Acetic Acid, synthetic coloring agent and
preservative agent. All these should be inspected every month.
Mr.Pachara KaewKla (2012), the coordinator of the strengthening mechanisms of food
safety project from Foundation for Consumers said “Most of vegetables in general markets and
street stall found the residual of pesticide exceed the maximum rate for 38.1%. This is similar
to the result of the Department of Agriculture inspection which has a random check on
vegetables with the ‘Q Mark’. Moreover, the vegetables sold in supermarkets are also found
the residual of pesticide exceed the maximum rate for 43% while these vegetables sold in
higher price compared to vegetables sold in fresh markets for 2x-10x.”
In this case, our market is realize for these safety to protect the benefits for consumers
and all these protections is aimed to meet customer satisfactions of our target market who
concern about healthy products.
3. The analysis of target market characteristic is the target that are housewives,
female, age 35-60 years old and above who is healthy concern.
4. To specify the product position of the fresh market, using price and quality as the
determination.
Mee Sub Market is known as Healthy Market which the product sold are free from
chemical contaminants so, the price of the product is quiet above the price of the product sold
in general markets according to the quality of the products.
41
Marketing Strategy
Integrated Marketing Communication
The important thing that should be focused on of the Fresh market business is to
communicate the marketing activities to consumer to understand and accepted. Marketing
activities of Mee Sub Market are;
1. Public Relations and Advertising
Our market will provide public relations and advertising on the new opening fresh market
in order to communicate and invite sellers and people who interested to sell their products in
the market. We offer some promotions to create the awareness and to persuade those sellers to
come and use our service. The tools we use in advertising are;
1. Advertising on local radio FM. 95.75 MHz 3,000 baht per month for the retailer
who want to rent stall at the Fresh Market 3 months between 01/05/2013 – 31/07/2013.
2. Local newspaper 500 baht/month (buy 1 month free for 1 month ads) for grand new
open fresh market 1 month between 15/07/2013 – 15/08/2013.
3. Three Radio cars advertising for 6 days between 29/07/2013 – 04/08/2013.
Total time for each car in 1 day = 9 hours
Driving time: 06:30am – 09:00am/ 11:30am – 13:30pm/ 15:30pm – 18:00pm
- First car, will drive all the way from Rop Wiang District to Chiang Rrai
- Second car, will drive around down town Chiang Rai on the west side
- Third car, will drive around the city in Chiang Rai on the east side
4. Grand Opening
- Invite the under-secretary of a health ministry to open the Fresh Market on
01/08/2013 and test or measure the toxic value in the vegetables and fruits, which show how
safe and healthy of the products in our Fresh Market.
- Walking for Health activity, the distance start from our Fresh Market and will
end up at our Fresh Market within 2 km distance.
Grand slam: receive gold 0.50 baht as a prize
Honorable mention 1: receive 5,000 baht
Honorable mention 2: receive 3,000 baht
- Activities of students’ performance form Chiang Rai Municipality School 6
42
2. Promotion
For buyers who come to buy the products in our market, we will provide an
advertisement to inform them about the strength of Mee Sub market that focus on facilities
such as large area of parking lot, cleaned toilet, proper layout of goods category for
convenience of buyers. Also, there are security officers who responsible to the safety of the
market. These are the ways to draw attention from people to come to our market.
1. Advertising of free stall to retailer for the first 3 months sales board on roadside
between 01/08/2013 – 31/10/2013.
2. Discount 50% price of stall on the agreement for the header who can find the retailer
to sell at the Fresh Market forever.
3. Price
Description Stalls
Rent per
month Total
Food court 20 4,500 90,000
Prepared food 20 1,500 30,000
Processed food 16 1,200 19,200
Fresh food 64 5,400 345,600
Fresh vegetable 30 780 23,400
Fruits 30 1,200 36,000
Miscellaneous goods 20 2,000 40,000
Price (Market with infrastructure)
Description Stalls Rent per day Total per day
Shop stall 100 100 10,000
Price (Market with non-infrastructure) There are free areas for 100 stalls
43
4. Place
Location background
The Mee Sub Market will be located on the bypass of Chiang Rai province. This fresh
market will be located in the community which closed to the airport, the city hall, the school
and the Payao University (branch in Chiang Rai). We have contact with the land owner for
asking to buy the land. This land including with 25 acres 32 square meters. There are some
criteria in choosing the location;
Social and cultural factor
The location is close to the community.
The fresh market is consistent with characteristics of population around the area
together with participation that is not go against routine, religion and social
value of people in that community.
Environmental factor
The convenience entrance for the customer and the user.
The area is not crowed and can be continuously extended.
The area is open and ventilated.
The area is unaffected by pollution from noise, toxic fumes, sewage and odor.
Technical factor
1. It is convenience for transporting goods.
2. It is convenience in case of labor and staff.
3. It is easy to access and it will not have a traffic problem.
Trend of the community
There is the growth trend of the community.
There is an increasing number of the population.
(Source: http://www.sumc.in.th/images/document/20070607155210bifhc.pdf)
44
Revenue Forecast (from renting stall)
Year 1 คา่เซง้ Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Food court 735,000 - - - 60,750 60,750 60,750 60,750 60,750 60,750 60,750 60,750 60,750 1,281,750
Prepared Food 511,000 - - - 20,250 20,250 20,250 20,250 20,250 20,250 20,250 20,250 20,250 693,250
Processed Food 357,500 - - - 12,600 12,600 12,600 12,600 12,600 12,600 12,600 12,600 12,600 470,900
Fresh Meat 2,362,500 - - - 240,300 240,300 240,300 240,300 240,300 240,300 240,300 240,300 240,300 4,525,200
Fresh Vagetable 420,000 - - - 15,990 15,990 15,990 15,990 15,990 15,990 15,990 15,990 15,990 563,910
Fruits 682,500 - - - 24,600 24,600 24,600 24,600 24,600 24,600 24,600 24,600 24,600 903,900
Miscellaneouse 560,000 - - - 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 803,000
Temporary Stalls - - - - 180,000 180,000 180,000 180,000 150,000 150,000 150,000 150,000 150,000 1,470,000
TOTAL 5,628,500 - - - 581,490 581,490 581,490 581,490 551,490 551,490 551,490 551,490 551,490 10,711,910
Year 2 คา่เซง้ Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Food court 157,500 76,500 76,500 76,500 76,500 76,500 76,500 76,500 76,500 76,500 76,500 76,500 76,500 1,075,500
Prepared Food 109,500 25,500 25,500 25,500 25,500 25,500 25,500 25,500 25,500 25,500 25,500 25,500 25,500 415,500
Processed Food 97,500 16,800 16,800 16,800 16,800 16,800 16,800 16,800 16,800 16,800 16,800 16,800 16,800 299,100
Fresh Meat 525,000 297,000 297,000 297,000 297,000 297,000 297,000 297,000 297,000 297,000 297,000 297,000 297,000 4,089,000
Fresh Vagetable 100,000 20,280 20,280 20,280 20,280 20,280 20,280 20,280 20,280 20,280 20,280 20,280 20,280 343,360
Fruits 162,500 31,200 31,200 31,200 31,200 31,200 31,200 31,200 31,200 31,200 31,200 31,200 31,200 536,900
Miscellaneouse 120,000 34,000 34,000 34,000 34,000 34,000 34,000 34,000 34,000 34,000 34,000 34,000 34,000 528,000
Temporary Stalls - 90,000 90,000 117,000 117,000 117,000 117,000 117,000 117,000 117,000 117,000 99,000 99,000 1,314,000
TOTAL 1,272,000 591,280 591,280 618,280 618,280 618,280 618,280 618,280 618,280 618,280 618,280 600,280 600,280 8,601,360
Year 3 คา่เซง้ Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Food court 157,500 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 1,237,500
Prepared Food 109,500 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 469,500
Processed Food 65,000 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 295,400
Fresh Meat 472,500 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 4,619,700
Fresh Vagetable 80,000 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 360,800
Fruits 130,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 562,000
Miscellaneouse 120,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 600,000
Temporary Stalls - 99,000 99,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 108,000 108,000 1,422,000
TOTAL 1,134,500 683,200 683,200 710,200 710,200 710,200 710,200 710,200 710,200 710,200 710,200 692,200 692,200 9,566,900
Revenue from renting stall
45
Year 4 คา่เซง้ Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Food court - 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 1,080,000
Prepared Food - 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000
Processed Food - 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 230,400
Fresh Meat - 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 4,147,200
Fresh Vagetable - 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 280,800
Fruits - 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 432,000
Miscellaneouse - 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Temporary Stalls - 108,000 108,000 135,000 135,000 135,000 135,000 135,000 135,000 135,000 135,000 117,000 117,000 1,530,000
TOTAL - 692,200 692,200 719,200 719,200 719,200 719,200 719,200 719,200 719,200 719,200 701,200 701,200 8,540,400
Year 5 คา่เซง้ Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Food court - 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 1,080,000
Prepared Food - 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000
Processed Food - 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 19,200 230,400
Fresh Meat - 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 345,600 4,147,200
Fresh Vagetable - 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 23,400 280,800
Fruits - 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 432,000
Miscellaneouse - 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Temporary Stalls - 117,000 117,000 144,000 144,000 144,000 144,000 144,000 144,000 144,000 144,000 126,000 126,000 1,638,000
TOTAL - 701,200 701,200 728,200 728,200 728,200 728,200 728,200 728,200 728,200 728,200 710,200 710,200 8,648,400
46
Total Revenue
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from lease 5,628,500 - - - - - - - - - - - 5,628,500
Revenue from renting stall - - - 581,490 581,490 581,490 581,490 551,490 551,490 551,490 551,490 551,490 5,083,410
Revenue from providing toilet 17,580 16,080 16,080 17,580 16,080 16,080 16,080 21,750 16,080 17,580 16,580 17,580 205,130
Revenue from ATM area renting - - - - 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 120,000
Total revenue 5,646,080 16,080 16,080 599,070 612,570 612,570 612,570 588,240 582,570 584,070 583,070 584,070 11,037,040
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from lease 1,272,000 - - - - - - - - - - - 1,272,000
Revenue from renting stall 642,990 642,990 687,990 687,990 687,990 687,990 687,990 687,990 687,990 687,990 657,990 657,990 8,105,880
Revenue from providing toilet 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 192,960
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - - -
Total revenue 1,946,070 674,070 719,070 719,070 719,070 719,070 719,070 719,070 719,070 719,070 689,070 689,070 9,750,840
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from lease 1,134,500 - - - - - - - - - - - 1,134,500
Revenue from renting stall 740,910 740,910 785,910 785,910 785,910 785,910 785,910 785,910 785,910 785,910 755,910 755,910 9,280,920
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 28,000 28,000
Total revenue 1,907,990 771,990 816,990 816,990 818,490 818,490 818,490 816,990 818,490 816,990 786,990 816,940 10,825,830
Table: Total of revenue
47
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from renting stall 755,910 755,910 800,910 800,910 800,910 800,910 800,910 800,910 800,910 800,910 770,910 770,910 9,460,920
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 30,000 30,000
Total revenue 788,490 786,990 831,990 831,990 833,490 833,490 833,490 831,990 833,490 831,990 801,990 833,940 9,873,330
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from renting stall 770,910 779,200 824,200 824,200 824,200 824,200 824,200 824,200 824,200 824,200 794,200 794,200 9,732,110
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 30,000 30,000
Total revenue 803,490 810,280 855,280 855,280 856,780 856,780 856,780 855,280 856,780 855,280 825,280 857,230 10,144,520
48
Show calculation of each number from
Lease per
Stall
Food Court 20 52,500.00 1,050,000.00
Prepared Food 20 36,500.00 730,000.00
Processed Food 16 32,500.00 520,000.00
Fresh Meat 64 52,500.00 3,360,000.00
Fresh Vegetable 30 20,000.00 600,000.00
Fruits 30 32,500.00 975,000.00
Miscellaneous goods 20 40,000.00 800,000.00
200 266,500.00 8,035,000.00
Description Stalls Total
Table show total revenue from lease
Year 1 Year 2 Year 3 Year 4 Year 5
Stalls Stalls Stalls Stalls Stalls
Food Court 14 17 20 20 20
Prepared Food 14 17 20 20 20
Processed Food 11 14 16 16 16
Fresh Meat 45 55 64 64 64
Fresh Vegetable 21 26 30 30 30
Fruits 21 26 30 30 30
Miscellaneous goods 14 17 20 20 20
140(70%) 172(85%) 200(100%) 200(100%) 200(100%)
Description
Table show amount of stall that rented in each year
49
Year1: Revenue from lease
We forecast that in year 1 there are vendors rent stall around 70% of total stall, so we
can calculate revenue from lease in year 1 as following.
Year 1 Lease Total
Stalls per stall
Food Court 14 52,500 735,000
Prepared Food 14 36,500 511,000
Processed Food 11 32,500 357,500
Fresh Meat 45 52,500 2,362,500
Fresh Vegetable 21 20,000 420,000
Fruits 21 32,500 682,500
Miscellaneous goods 14 40,000 560,000
Total 140 266,500 5,628,500
Description
Year2: Revenue from lease
We forecast that in year 2 there are vendors rent stall around 85% of total stall, so we
can calculate revenue from lease in year 2 as following.
Year 2 Lease Total
Stalls per stall
Food Court 3 52,500 157,500
Prepared Food 3 36,500 109,500
Processed Food 2 32,500 65,000
Fresh Meat 10 52,500 525,000
Fresh Vegetable 5 20,000 100,000
Fruits 5 32,500 162,500
Miscellaneous goods 3 40,000 120,000
Total 31 266,500 1,239,500
Description
50
Year3: Revenue from lease
We forecast that in year 3 there are vendors rent stall 100 % of total stall, so we can
calculate revenue from lease in year 3 as following.
Year 3 Lease Total
Stalls per stall
Food Court 3 52,500 157,500
Prepared Food 3 36,500 109,500
Processed Food 2 32,500 65,000
Fresh Meat 9 52,500 472,500
Fresh Vegetable 4 20,000 80,000
Fruits 4 32,500 130,000
Miscellaneous goods 3 40,000 120,000
Total 28 266,500 1,134,500
Description
Year1: Revenue from renting permanent stall
Total rent
(AxB)-C = D
Food court 14 4,500 2,250 60,750
Prepared food 14 1,500 750 20,250
Processed food 11 1,200 600 12,600
Fresh food 45 5,400 2,700 240,300
Fresh vegetable 21 780 390 15,990
Fruits 21 1,200 600 24,600
Miscellaneous goods 14 2,000 1,000 27,000
Total 140 16,580 8,290 401,490
Stalls
70%*(A)
Rent per
month (B)
Promotion for
Header**(C)Description
* 70% are a forecast for opening new fresh market. **Promotion for header is a forecast from one header per a zone.
51
Year2: Revenue from renting permanent stall
Total rent
(AxB)-C = D
Food court 17 4,500 2,250 74,250
Prepared food 17 1,500 750 24,750
Processed food 14 1,200 600 16,200
Fresh food 55 5,400 2,700 294,300
Fresh vegetable 26 780 390 19,890
Fruits 26 1,200 600 30,600
Miscellaneous goods 17 2,000 1,000 33,000
Total 172 16,580 8,290 492,990
Stalls
85%*(A)
Rent per
month (B)
Promotion for
Header**(C)Description
* 85% are a forecast for opening new, and are growing our market.
**Promotion for header is a forecast from one header per a zone.
Year3: Revenue from renting permanent stall
Total rent
(AxB)-C = D
Food court 20 4,500 2,250 87,750
Prepared food 20 1,500 750 29,250
Processed food 16 1,200 600 18,600
Fresh food 64 5,400 2,700 342,900
Fresh vegetable 30 780 390 23,010
Fruits 30 1,200 600 35,400
Miscellaneous goods 20 2,000 1,000 39,000
Total 200 16,580 8,290 575,910
Description
Stalls
100%*(A)
Rent per
month (B)
Promotion for
Header**(C)
* It is a constant stall. **Promotion for header is a forecast from one header per a zone.
Note: Year 4 and Year 5 are same with year3.
52
Show calculation of rent of shop stall (Temporary)
Stall for year 1
Nov13, Dec13, Jan14, Feb14 10,000 Baht per day
Forecast 60% of total* (10,000 x 60)/100 Baht per day
Total of rent 6,000 Baht per day
Or total of rent (x30) 180,000 Baht per month
*60% are a forecast for opening new fresh market.
Mar14,Apr14,May14,Jun14,Jul14 10,000 Baht per day
Forecast 50% of total* (10,000 x 50)/100 Baht per day
Total of rent 5,000 Baht per day
Or total of rent (x30) 150,000 Baht per month
*50% are a forecast of season example Mar57, Apr57 are a period of end of semester in the
school and our market is located near Tesaban6 School, and May57, Jun57, Jul57 are the rainy
season in Thailand.
Stall for year 2
Aug14, Sep14 10,000 Baht per day
Forecast 50% of total* (10,000 x 50)/100 Baht per day
Total of rent 5,000 Baht per day
Or total of rent (x30) 150,000 Baht per month
*50% are a forecast of season example Aug57, Sep57 are the rainy season in Thailand.
Number of Stalls
(A) Rent per day (B)
Total baht per day
(AxB) = D
100 100 10,000
53
Oct14-Dec14, Jan15-May15 10,000 Baht per day
Forecast 65% of total* (10,000 x 65)/100 Baht per day
Total of rent 6,500 Baht per day
Or total of rent (x30) 195,000 Baht per month
*65% are a forecast for growth our market, and fresh market is a slow-growth or constant
business.
Jun15, Jul15 10,000 Baht per day
Forecast 55% of total* (10,000 x 55)/100 Baht per day
Total of rent 5,500 Baht per day
Or total of rent (x30) 165,000 Baht per month
*55% are a forecast for growth our market, and fresh market is a slow-growth or constant
business, however Jun58, Jul58 are a period of end of semester in the school by according to
Chiangrai Montessori School about ASEAN and our market is located near Tesaban6 School
and it is the rainy season in Thailand.
http://www.thaischool.in.th/57010002/newseducation/19004/
Stall for year 3
Aug15,Sep15 10,000 Baht per day
Forecast 55% of total* (10,000x 55)/100 Baht per day
Total of rent 5,500 Baht per day
Or total of rent (x30) 165,000 Baht per month
*55% are a forecast of season example Aug57, Sep57 are the rainy season in Thailand.
Oct15-Dec15, Jan16-May16 10,000 Baht per day
Forecast 70% of total* (10,000x 70)/100 Baht per day
Total of rent 7,000 Baht per day
Or total of rent (x30) 210,000 Baht per month
*70% are a forecast for growth our market, and fresh market is a slow-growth or constant
business.
54
Jun16, Jul16 10,000 Baht per day
Forecast 60% of total* (10,000x 60)/100 Baht per day
Total of rent 6,000 Baht per day
Or total of rent (x30) 180,000 Baht per month
*60% are a forecast for growth our market, and fresh market is a slow-growth or constant
business, however Jun58, Jul58 are a period of end of semester in the school by according to
Chiang Rai Montessori School about ASEAN and our market is located near Tesaban6 School
and It is the rainy season in Thailand.
http://www.thaischool.in.th/57010002/newseducation/19004/
Stall for year 4
Aug16, Sep16 10,000 Baht per day
Forecast 60% of total* (10,000x 60)/100 Baht per day
Total of rent 6,000 Baht per day
Or total of rent (x30) 180,000 Baht per month
*60% are a forecast of season example Aug57, Sep57 are the rainy season in Thailand.
Oct59-Dec59, Jan60-May60 10,000 Baht per day
Forecast 75% of total* (10,000x 75)/100 Baht per day
Total of rent 7,500 Baht per day
Or total of rent (x30) 225,000 Baht per month
*75% are a forecast for growth our market, and fresh market is a slow-growth or constant
business.
Jun17, Jul 17 10,000 Baht per day
Forecast 65% of total* (10,000x 65)/100 Baht per day
Total of rent 6,500 Baht per day
Or total of rent (x30) 195,000 Baht per month
*65% are a forecast for growth our market, and fresh market is a slow-growth or constant
business, however Jun58, Jul58 are a period of end of semester in the school by according to
Chiangrai Montessori School about ASEAN and our market is located near Tesaban6 School
and it are the rainy season in Thailand.
http://www.thaischool.in.th/57010002/newseducation/19004/
55
Stall for year 5
Aug17, Sep17 10,000 Baht per day
Forecast 65% of total* (10,000x 65)/100 Baht per day
Total of rent 6,500 Baht per day
Or total of rent (x30) 195,000 Baht per month
*65% are a forecast of season example Aug57, Sep57 are the rainy season in Thailand.
Oct17-Dec17,Jan18-May18 10,000 Baht per day
Forecast 80% of total* (10,000x 80)/100 Baht per day
Total of rent 8,000 Baht per day
Or total of rent (x30) 240,000 Baht per month
*80% are a forecast for growth our market, and fresh market is a slow-growth or constant
business.
Jun18, Jul18 10,000 Baht per day
Forecast 70% of total* (10,000x 70)/100 Baht per day
Total of rent 7,000 Baht per day
Or total of rent (x30) 210,000 Baht per month
*70% are a forecast for growth our market, and fresh market is a slow-growth or constant
business, however Jun58, Jul58 are a period of end of semester in the school by according to
Chiangrai Montessori School about ASEAN and our market is located near Tesaban6 School
and they are the rainy season in Thailand.
http://www.thaischool.in.th/57010002/newseducation/19004/
56
Programs Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Advertising on local radio 3 months 3,000 3,000 3,000 9,000
Local newspaper 1 months 500 500
Radio car advertising 6 days 32,400 32,400
(1,800 baht per car per day)
Board on roadside 30,000 30,000 60,000
Grand opening 60,000 60,000
Total 33,000 33,000 35,900 60,000 161,900
Calculating Income of the toilets
- Collect 3 baht per 1 time
- Predict the number of the customers who will use the toilets per a day.
Week No. of
customer
Price per
time
Total
Mon 270 3 810
Tue 130 3 390
Wed 150 3 450
Thu 140 3 420
Fri 220 3 660
Sat 250 3 750
Sun 180 3 540
Total 1,340 3 4,020
- Total per month 4,020 * 4 = 16,080 Baht
- Total per Year 16,080*12 = 192,960 Bah
Market Expense
Conclusion
From the market analysis in term of Environment, Social, Economic, Technology and
Political Analysis founded that Mee Sub Market has an opportunity to grow and generate profit
in this business. Mee Sub Market has the competitive advantage on the location. It located in a
wide open area with a parking space. Mee Sub market positioning is the fresh market that
concern about health of customers like cleanness, the conveniently, the variety of product with
the quality price. The target market of the product is woman who has 35-60 years old. Mee Sub
Market use IMC strategy to communicate with seller and consumer. It also provide the benefit
which suitable for sellers. Moreover, from the information, we forecast that the income
received from sale is continuous increasing until renting stall is full. After that we will have
revenue as stable amount in long term.
Chapter 4
Investment Cost
58
Cost of Investment
Pre-operating Cost
Pre-operation
No. Documents Copy Qty Cost/Baht
Step 1: Contact City Municipal (Department of Public
Works and Town & Country Planning)
Documentation of construction permits(Form อ.1)
1.1 Identity Card 1 0.25
1.2 House registration 2 0.50
1.3 Land title deed (title deed, นส3ก., 1 2.00
actual size paper(front-back)
1.4
License for Architecture (fellow
architecture 1 277,705.05
or second level)
1.5 License for Professional Practice or 1 277,705.05
Controlled Engineer Lincence (
Diploma,
Identity Card, Licence)
1.6 List of Engineering calculations 1 158,688.86
1.7
License for Civil Engineer or
Architect 1 277,705.05
1.8
Blueprint or Construction
drawings 3 15.00
1.9 Layout plan 3 15.00
1.10 Form อ.1 fee 1 2,963.00
Step 2: Airport office
2.1
Construction permit for hover craft
area -
*Identity Card 1 0.25
*House Card 1 0.25
Step 3: Provincial Electricity Authority &
Provincial Waterworks
Authority
3.1
Installation for temporary
electricity 26,000.00
*Cost of insurance = 6,000.00
*Installation of 15 M 3 Fed rate:
6.4343
20,000 baht
(6,000+20,000)
3.2 Installation for temporary water 12,190.00
59
supply
*Cost of insurance = 4,700.00
*Installation fee = 7,490.00
(4,700+7,490)
Step 4: Land -
4.1 Land (5)
4.2
To construction the Fresh
market
Step 5: District Office
5.1 Office registration number
*Form 0.1 construction permit 1 0.25
*Identity Card 1 0.25
*Own house registration 1 0.25
*Land title deed(front-back) 1 1.00
*Layout area map 1 5.00
*Photo of Layout area(color) 2 10.00
Step 6: Provincial Electricity Authority &
Provincial Waterworks Authority
and
TOT (office telephone &
internet)
6.1
Installation for permanent
electricity
*Cost of insurance = (6,000.00) -6,000.00
*Metre 1 4,621.50
*Transformer 50 KVA 1 250,000.00
*MDB (80M) 1 50,000.00
*Expand high voltage system 100
SQM = 500,000.00
100,000 baht (500 SQM*100,000)
*Expand high voltage system into
the 250,000.00
building
6.2
Installation for permanent water
supply
*Cost of insurance = (4,700.00) - 4,700.00
*Installation fee 1,070.00
6.3
Installation for the telephone and
internet 374.50
line
Step 7: District Public Health Office
7.1 Public Health permit 1 20.00
60
Step 8: Opening the Fresh Market -
Step 9: Tax registration
9.1 House and building tax -
(contact after 1 year opening)
9.2 Signboard Tax -
(contract within 15 days after
opening)
TOTAL 2,078,393.01
Calculation
1.4 License for Architecture (fellow architecture
or second level)
The rate of percentage is from Act of Architecture legislation 2542
Budget X 1.75% = Price
15,868,860 x 1.75% = 277,705.05 baht
1.5 License for Professional Practice or
Controlled Engineer License
The rate of percentage is from Act of Architecture legislation 2542
Budget X 1.75% = Price
15,868,860 x 1.75% = 277,705.05 baht
1.7 License for Civil Engineer or Architect
The rate of percentage is from Act of Architecture legislation 2542
Budget X 1.75% = Price
15,868,860 x 1.75% = 158,688.86 baht
1.8
Blueprint or Construction
drawings
Budget X 1% =
Price
15,868,8860 x 1% = 277,705.05 baht
1.10 Form อ.1 fee
Building area = 1,664 SQM
Parking lot = 462 SQM
Toilet area = 144 SQM
Signboard = 18
SQM
Paper fee = 20
baht
61
* Building higher that 2 stories but not exceed than 12 SQM pay
Area 1,664 SQM x 0.50 baht = 832 baht
* Parking lot
Area 462 SQM x 0.50 baht = 231 baht
* Culvert of building which includes toilet
Area 1,664 SQM + 144 SQM = 1,808 SQM x 1.00 = 1,808 baht
*Sign board 18 SQM x 4 baht = 72 baht
From อ.1 fee
832+231+1,808+72+20 = 2,963 baht
Investment cost
1. Land
We plan to buy 25 million for land. The land size is equal 9,456 square meters.
Although the land is quite expansive and has to spend a lot of money to invest it, this
land is near to the main road. Moreover, around the zone is beginning commercial
building and is constructing road. So, investing for the land can provide a lot of
benefits for investors in the future.
Cost of Land is 25 million baht.
2. Building
Order Core building Quantity Unit Price/Unit Total
Concrete work
- Floor
- Pillar
- Stall
2 Roof work 1,980 Square Meter 1,980 3,920,400
3 Color work 1,980 Square Meter 50 99,000
4 Miscellaneous 1,980 Square Meter 500 990,000
5 Name board
(200cm*900cm)
- - 25,000 25,000
Total 9,885,400
1 1,980 Square Meter 2,450 4,851,000
62
Order Option building Quantity Unit Price/Unit Total
Concrete work for office
and toilet
- Floor
- Pillar
- Wall
2 Roof work 48 Square Meter 1,980 194,040
3 Color work 146 Square Meter 50 7,300
4 PVC door 0.60x1.80 m. 50 Set 1,530 76,500
5 Office glass 5 Square Foot 80 400
6 Concrete work for
parking lot
260 Square Meter 2,450 646,800
7 Electricity work 9,240 Square Meter 500 4,620,000
8 Water supply 10 Spot 1,000 10,000
Wastewater treatment
work
- Wastewater
treatment tank
1800 liter
2 Set 22,920 45,840
- Grease trap
tank
- Grease trap
& waste trap well
2 Set 3,925 7,850
- Reinforced
Concrete Drain
1 Set 3,000 3,000
- Total wage 178 Meter 144 25,632
- - 13,398 13,398
Total 6,008,460
15,893,860
9
Total
1 146 Square Meter 2,450 357,700
63
Location
Location
Mee Sub Market is located on Rop Wiang District, Chiang Rai. It is on the bypass of
Chiang Rai province. It located in the community which closes to the airport, the school, the
university and the local government office.
64
65
Equipment
66
67
Meat, Pork Chicken, Fish, Sea Food
68
Processed food, Vegetable, Fruit Miscellaneous goods
69
http://www.sumc.in.th/modules/document/index.php?mode=detail1&id=18
Food court
70
3. Equipment
We plan to use these equipments to run our business. These equipments will be used in
our office, market building and other area in our market.
1. Office equipment
No. Picture Equipment Brand/Detail Price/Piece
(Baht)
Amount Total
1
Monitor with
Keyboard
and Mouse
HP Omini 120-
1228L PC Intel
Pentium G870
(3.1 GHz 3 MB
L2 Cache)
15,265 1 15,265
2
CPU HP Desktop PC
Pavillion HPE
h8-1223l Intel
Core i3 3-2120
15,990
1 15,990
3
Printer Brother printer
Color Inkjet
MFC-J430W
3,870 1 3,870
4
Telephone CK 2255 360
1 360
5
Air-Condition MITSUBISHI
MS-MU-
SGH09VC No.5
8699-BTU
Econo Air
16,190
1 16,190
6
Office Desk TWC-1202/C 1,990 2 3,980
7
Office Chair -
850 2 1,700
8
Chair - 440 4 1,760
71
9
File cabinet Centure CB-72
5,700 1 5,700
10
File Horse H-403
F/C
(6 Piece/Pack)
325 1 325
11
Stapler House HD-10 38 1 38
12
Security
camera
AVTECH
Set of 4 cameras
19,900 2 39,800
13
Paper punching Elephant DP-
480
61 1 61
14
Calculator CASIO
14digitals DJ-
240D
725 1 725
15
Socket Data Power
WL45
290 3 870
16
Broom - 30 1 30
17
Dustpan - 25 5 125
18
LAN CAT 5 200 1 200
72
19
Bin - 38 2 76
20
Chair - 650 2 1,300
21
Bicycle Bridgestone
lococo
4,500 1 4,500
22
Radio
communication
IC-UV-95
DUAL BAND
VHF/245 MHz
1,600 2 3,200
23
Refrigerator
Hitachi/ R-49 S
4.9 cubic
5,350 1 5,350
24
Voice
evacuation
panel
TOA/
FS-7000EV
17,240 1 17,240
25
Microphone TOA/
PM-660
2,010 1 2,010
26
Electrical fan COSMO/
12" COSMO
KAWA
390 1 390
27
Electrical fan HATARI/
HT-S18M2
1,098 1 1,098
28
Monitor Acer Monitor
18.5"
G195HQVBb
2,790 1 2,790
29
TV Toshiba Regza
LCD TV 24"
5,990 1 5,990
Total (Baht) 150,933
73
Note: Computer 31,255 Baht
Office equipment 119,678 Baht
- Office supply
Office stationary 5,000 Baht
Total cost of office equipment and supply (excluding cost of computer) is 124,678 Baht.
2. In the market building
No. Picture Equipment Brand/Detail Price/Piece
(Baht)
Amount Total
1
Scale Chicken
Balloon
60 kgs.
1,390 2 2,780
2
Fire
extinguisher
GLORIO
15 pounds
880 2 1,760
3
Broom - 30 10 300
4
Table - 790 24 18,960
5
Chair - 1,900/Dozen 8 15,200
6
Speaker TOA/
TH-650
1,940 4 7,760
7
Driver unit TOA/
TU-651
960 4 3,840
8
Matching
Transformer TOA/
TM-60T
1,590 4 6,360
Total (Baht) 56,960
74
3. Toilet
- Equipment in toilet
No. Picture Equipment Brand/Detail Price/Piece
(Baht)
Amount Total
1
Urinal KARAT 1,958 5 9,790
2
Lavatory KARAT 931 6 5,586
3
Toilet KARAT 1,573 13 20,449
4
Toilet KARAT 3,370 3 10,110
5
Rinsing
spray
Hang
145
3
435
6
Bin - 18 15 270
7
Mirror 100 cm*200
cm
1,900 2 3,800
8
Mirror Coolya 125 1 125
9
Bowl - 15 13 195
Total (Baht) 50,760
- Toilet supply (e.g. toilet brush, cleaning liquid etc.) 5,000 Baht
Total cost of toilet equipment and supply 55,760 Baht
75
4. Other equipments
No. Picture Equipment Brand/Detail Price/Piece
(Baht)
Amount Total
1
Container
for garbage
- 60,000 2 120,000
2
Bin OTTO- 120
liters
1,550 6 9,300
3
Road sign - 3,000 4 12,000
4
Brahma 7” size
12,999 1 12,999
5
Pedestal -
17,000 1 17,000
Total (Baht) 171,299
Source: http://www.majestic-home.com
http://www.crhouseware.com
http://www.priceza.com
http://www.furniturehall.com
http://www.officemate.co.th
http://www.spksound.co.th
http://rungsubfurniture.tarad.com
http://enchchok.tarad.com
http://shoppingonline.bigc.co.th
76
Table: Total cost of investment
From the table show that total cost of investment is 43,387,205.01 Baht.
Investment Amount
(Baht)
Depreciation Annual
depreciation
Monthly
depreciation
Pre-operating 2,078,393.01 - - -
Land 25,000,000 - - -
Building 15,893,860 20 years 794,693 66,224.42
Office
equipments/supply
119,678 5 Years 23,935.60 1,994.63
Computer 31,255 3 years 10,418.28 868.19
Equipment in
market building
56,960 5 years 11,392.00 949.33
Toilet
equipments/supply
50,760 5 Years 10,152.00 846.00
Other equipments 171,299 5 Years 34,259.80 2,854.98
Total 43,402,205.01 884,850.68 73,737.55
77
Depreciation Expense in 5 years
Depreciation year 1
Asset Value January February March April May June July August September October November December Total
Building 15,893,860.00 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 794,693.04
Office Equipment 119,678.00 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 23,935.56
Computer 31,225.00 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 10,418.28
Market Equipment 56,960.00 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 11,391.96
Toilet Equipment 50,760.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 10,152.00
Other Equipment 171,299.00 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 34,259.76
Total 16,323,782.00 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 884,850.60
Depreciation year 2
Asset Value January February March April May June July August September October November December Total
Building 15,099,166.96 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 794,693.04
Office Equipment 95,742.44 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 23,935.56
Computer 20,806.72 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 10,418.28
Market Equipment 45,568.04 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 11,391.96
Toilet Equipment 40,608.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 10,152.00
Other Equipment 137,039.24 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 34,259.76
Total 15,438,931.40 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 884,850.60
Depreciation year 3
Asset Value January February March April May June July August September October November December Total
Building 14,304,473.92 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 794,693.04
Office Equipment 71,806.88 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 23,935.56
Computer 10,388.44 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 10,418.28
Market Equipment 34,176.08 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 11,391.96
Toilet Equipment 30,456.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 10,152.00
Other Equipment 102,779.48 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 34,259.76
Total 14,554,080.80 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 884,850.60
78
Depreciation year 4
Asset Value January February March April May June July August September October November December Total
Building 13,509,780.88 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 794,693.04
Office Equipment 47,871.32 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 23,935.56
Computer -29.84 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 10,418.28
Market Equipment 22,784.12 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 11,391.96
Toilet Equipment 20,304.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 10,152.00
Other Equipment 68,519.72 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 34,259.76
Total 13,669,230.20 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 884,850.60
Depreciation year 5
Asset Value January February March April May June July August September October November December Total
Building 12,715,087.84 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 66,224.42 794,693.04
Office Equipment 23,935.76 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 1,994.63 23,935.56
Computer -10,448.12 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 868.19 10,418.28
Market Equipment 11,392.16 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 949.33 11,391.96
Toilet Equipment 10,152.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 846.00 10,152.00
Other Equipment 34,259.96 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 2,854.98 34,259.76
Total 12,784,379.60 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 73,737.55 884,850.60
Conclusion
We will invest in establishing a fresh market: Mee Sub Market is located on Rop Wiang District, Chiang Rai. It is on the bypass of
Chiang Rai province. It located in the community which closes to the airport, the school, the university and the local government office. We
decide to buy the land in 25 million because land is the asset that has no depreciation and it will provide the benefits to our company in the
future. We spend 43,402,205 baht for the investment by loan from a bank. Although we have to spend a lot of money for this investment, this
will provide benefits in long term. The construction of building is constructed by focusing on convenience of seller and buyer, fineness and
cleanness of the building.
Chapter 5
Technical analysis
80
Production and Operation management
Product Characteristic
Nowadays in Chiang Rai, there are a continuous increasing number of populations that
cause an increasing demand in various fields. According to the demand in food which is one of
the most important factors in human life, the fresh market becomes an alternative for consumer
in order to purchase and consume products.
Mee Sub Market Planned and created follow by the need of consumer and the market
concern on the behavior of consumer in Chiang Rai. The market located in the wide open space
and convenience to come. There has a wide parking space to avoid the traffic jam problem.
Due to the preliminary research founded that most of the market located in a crowed
community with no parking space. This point causes the traffic jam problem. Mee Sub Market
provides the parking space with the entrance and exist channel. It will benefits to consumers
who come to the market to move the car easily. Moreover, there is the special parking area for
sellers who would like to transport their goods. Characteristic of Mee Sub Market are created
to be wide open and ventilated. All stalls are organized into 4 zones categorized by the type of
the product including Fresh food, Dried food, Food center and miscellaneous. The product sell
must be fresh as the ministry of health defined and for good hygiene of consumers.
Furthermore, Mee Sub Market provides the area in front of the market for hawker seller who
wants to sell products apart from all products in the market. Mee Sub Market created the
dinning seat area with an entertainment media for consumer and seller to take rest and consume
the product. The market also provides the toilet which located in the back of the market nearby
the parking area. There will have a housekeeping to clean up all the time for a good hygiene of
users.
In conclusion, Mee Sub Market concern most on the benefit consumer will receive. The
market created follow by the information from the research of the behavior of consumer, the
life style and the characteristic of all fresh market in Mueng, Chiang Rai to create the best fresh
market which match with the need of consumer.
81
Specification, Feather, Dimension, Life time, Etc.
Zones Products
1. Fresh Food
- Fresh Meat
- Fresh Vegetable
- Fresh Fruits
- Seafood
- Pork
- Chicken
- Beef
- Local vegetable
- Seasonal vegetable
- Seasonal fruits
2. Dried Food
- Processed food
- prepared food
- Dessert
- processed vegetable
- Shrimp paste
- cayenne pepper
- fermented food
- Thai food
- Local Food
- Thai Dessert
- Local dessert
3. Food Court - 5 Make to order
- 3 Noodle
- 4 Curry on top
- 6 Fast Food
- 2 Drinking Water
4. Miscellaneous - Appliance
- House tool
- etc.
Service Process
Announcement of new fresh market
Mee Sub Market start to promote and announce to the public that new fresh market
is now open and the market is a Healthy Market that can attract to healthy concern persons.
This will encourage people to know and interest to come to visit the market. Moreover this
announcement will ask for those sellers who want to make a preservation of stall to sell
products with many promotion and benefit provided
Orientation and Agreement
For those sellers who won the booth auction will ask to make an agreement with the
market. Then they need to participate in the Mee Sub Market orientation to understand the
policies and all conditions of selling the product in order to stay together with happiness both
the market and the seller.
82
Administration Analysis
1. Employee salary
Accountant consulting and manager 2 person 30,000.00 Baht.
Securities 2 person (2 x 9,000) 18,000.00 Baht
Made 2 person 18,000.00 Baht
Total salary expense per month 66,000.00 Baht
2. Electricity expenses 71,005.20 Baht
3. Water expenses 48,625.89 Baht
4. Internet and telephone expenses 1,165.23 Baht
5. Garbage fees 1 container = 1,200 baht per time 4,800.00 Baht
1 month = 2 times
(2 containers x2times x1, 200 baht)
Total expense per month 125,596.32 Baht
6. Tax payment
Sign board Tax (200 cm. x 900 cm. x 20 baht)/500 square cm. 7,200.00 Baht
House and building Tax 9,984.00 Baht
Permit of fresh Market establishment 2,000.00 Baht
Total expense per year 19,184.00 Baht
*Social Security of employee each person 15,000 x 5% = 700 use rate 4:1 = 140 per
month
*Social Security of made each person 9,000 x 5% = 450 use rate 4:1 = 90 per month
*The sign board tax = (width x length x rate of board)/ 500 square centimeter
House and building tax = width x length x tax rate x 12.5%
Permit of fresh Market establishment that payment 2,000 in every year
Electricity expense calculated by electrical engineer
Electricity rate: 3.50 bath per unit
Assume used 144 light bulbs = 1.3 units /12 hours/day/stall
The Fresh Market used 350 light bulbs
(350/144) x1.3 = 3.16units per stall
3.16 x 200 stalls = 632 units per day
632 x 30 days = 18,960 units
18,960 x 3.50 = 66,360 baht
66,360 x 7% vat = 71,005.20 baht per month
83
Water expense
Catalogue Stall Room Liter Total liter Cube meter
Seafood 24 - 250 6,000 6
Meat 40 - 600 24,000 24
Vegetable 30 - 200 6,000 6
Fruit 30 - 20 6,000 6
Restaurant 20 - 350 7,000 7
Readymade 16 - 300 4,800 4.8
Other 20 - 10 200 0.2
Food 20 - 100 2,000 2
Temporary stall 50 - 10 500 0.5
Office - 1 100 100 0.1
Toilet (Lady) - 10 500 10,000 5
Toilet(Man) - 5 350 3,500 1.75
TOTAL 51.35
Calculation for water supply per month
Water supply rate for business: 29.50 baht per unit
51.35 x 30 days = 1,540.5 units per month
1,540.50 x 29.50 = 45,444.75 baht
45,444.75 x 7%VAT = 48,625.89 baht per month
Internet and telephone expense: registration package pay per month
Call package 499 baht per month from 6 am - 6 pm
499 x 7% vat = 533.93 baht
Internet package 10mb = 590 per month
590 x 7% vat = 631.30 baht
Total expense: 1,165.23 baht per month
Rate of soild wast expense (Act. ๒๐ (๔))
1 Cube meter 250 bath
16x250 = 4,000 Baht per two month
Cleaning Fresh Market 1,500 Baht per time
2x15,000 = 30,000 baht per month
Per set Equipment test Total
300 1,500 1,800
Formalin 5,760 - 5,760
Contaminant Assay 4,800 - 4,800
Total 12,360
84
Administrative cost in 5 years Year 1
No Describtion Base August September October November December January Febuary March April May June July
1 Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000
2 Social Security 640 640 640 640 640 640 640 640 640 640 640 640 640
3 Sign bord Tax 7,200 - - - - - 7,200 - - - - - -
4 House and building Tax 9,984 - - - - - 9,984 - - - - - -
5 Permit of fresh Market establishment 2,000 - - - - - 2,000 - - - - - -
6 Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005
7 Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626
8 Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165
9 Garbrage fees 1,200 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800
10 Solid Waste Expenses 4,000 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 -
11 Fire Insurance 7,198 - - - - - 7,198 - - - - - -
12 Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
13 Miscellanous 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000
14 Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360
Total 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 Year 2
No Describtion Base August September October November December January Febuary March April May June July
1 Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000
2 Social Security 640 640 640 640 640 640 640 640 640 640 640 640 640
3 Sign bord Tax 7,200 - - - - - 7,200 - - - - - -
4 House and building Tax 9,984 - - - - - 9,984 - - - - - -
5 Permit of fresh Market establishment 2,000 - - - - - 2,000 - - - - - -
6 Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005
7 Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626
8 Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165
9 Garbrage fees 1,200 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800
10 Solid Waste Expenses 4,000 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 -
11 Fire Insurance 7,198 - - - - - 7,198 - - - - - -
12 Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
13 Miscellanous 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000
14 Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360
Total 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596
85
Year 3
No Describtion Base August September October NovemberDecember January Febuary March April May June July
1 Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000
2 Social Security 640 640 640 640 640 640 640 640 640 640 640 640 640
3 Sign bord Tax 7,200 - - - - - 7,200 - - - - - -
4 House and building Tax 9,984 - - - - - 9,984 - - - - - -
5 Permit of fresh Market establishment 2,000 - - - - - 2,000 - - - - - -
6 Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005
7 Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626
8 Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165
9 Garbrage fees 1,200 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800
10 Solid Waste Expenses 4,000 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 -
11 Fire Insurance 7,198 - - - - - 7,198 - - - - - -
12 Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
13 Miscellanous 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000
14 Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360
Total 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 Year 4
No Describtion Base August September October November December January Febuary March April May June July
1 Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000
2 Social Security 640 640 640 640 640 640 640 640 640 640 640 640 640
3 Sign bord Tax 7,200 - - - - - 7,200 - - - - - -
4 House and building Tax 9,984 - - - - - 9,984 - - - - - -
5 Permit of fresh Market establishment 2,000 - - - - - 2,000 - - - - - -
6 Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005
7 Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626
8 Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165
9 Garbrage fees 1,200 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800
10 Solid Waste Expenses 4,000 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 -
11 Fire Insurance 7,198 - - - - - 7,198 - - - - - -
12 Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
13 Miscellanous 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000
14 Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360
Total 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596
86
Year 5
No Describtion Base August September October NovemberDecember January Febuary March April May June July
1 Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000
2 Social Security 640 640 640 640 640 640 640 640 640 640 640 640 640
3 Sign bord Tax 7,200 - - - - - 7,200 - - - - - -
4 House and building Tax 9,984 - - - - - 9,984 - - - - - -
5 Permit of fresh Market establishment 2,000 - - - - - 2,000 - - - - - -
6 Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005
7 Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626
8 Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165
9 Garbrage fees 1,200 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800
10 Solid Waste Expenses 4,000 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 -
11 Fire Insurance 7,198 - - - - - 7,198 - - - - - -
12 Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
13 Miscellanous 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000
14 Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360
Total 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596
87
Conclusion:
Facilities Management has always been a part of the repertoire of any outsourcing lawyer, but
in the last year or so, the volume, scale and complexity of deals has increased.Facilities
management discipline that supports and improves core company processes and increases
return on investment by result-oriented use of resources, services, and activities, vital to the
success of any organization. There are several advantages stacked in the favor of facilities
management, including, cost advantage, economies of scale, and efficient management of
facilities and assets. Despite the complexities aspect by regulations and employee rights,
efficient facility management strategies can still growth. The market is set to expand, in the
upcoming years, small and medium sized businesses as well public facilities are waking up to
benefits of facilities management industry.
Chapter 6
Financial Analysis
89
Financial Analysis
Our company has an initial capital as 51,402,205 baht that is divided into 2 parts. One
part is capital from entrepreneur as 8,000,000 baht. Another part is an investing budget or the
cost of this project that is 43,402,205 baht. The amount of money we loan from the bank with
the 6 percents interest rate and payoff debt within 12 years.
Year Beginning Balance PMT INT PRIN End Balance
1 43,402,205฿ 5,176,913฿ 2,604,132฿ 2,572,781฿ 40,829,424฿
2 40,829,424 5,176,913 2,449,765 2,727,148 38,102,276
3 38,102,276 5,176,913 2,286,137 2,890,777 35,211,500
4 35,211,500 5,176,913 2,112,690 3,064,223 32,147,276
5 32,147,276 5,176,913 1,928,837 3,248,077 28,899,200
6 28,899,200 5,176,913 1,733,952 3,442,961 25,456,239
7 25,456,239 5,176,913 1,527,374 3,649,539 21,806,700
8 21,806,700 5,176,913 1,308,402 3,868,511 17,938,188
9 17,938,188 5,176,913 1,076,291 4,100,622 13,837,567
10 13,837,567 5,176,913 830,254 4,346,659 9,490,907
11 9,490,907 5,176,913 569,454 4,607,459 4,883,448
12 4,883,448 5,176,913 293,007 4,883,906 458-
Total 62,122,959฿ 18,720,296฿ 43,402,663฿
The amortization schedule
90
Financial Statement in Year 1
Income Statement (Account period of our company will be started from August 2013 to July in 2014)
*Our company will pay cash dividend monthly 30%, except which month which has no profit and start to pay in November. Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul End of Period
Revenue
Revenue from lease 5,628,500 - - - - - - - - - - - 5,628,500
Revenue from renting stall - - - 581,490 581,490 581,490 581,490 551,490 551,490 551,490 551,490 551,490 5,083,410
Revenue from providing toilet 17,580 16,080 16,080 17,580 16,080 16,080 16,080 21,750 16,080 17,580 16,580 17,580 205,130
Revenue from ATM area renting - - - - 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 120,000
Total revenue 5,646,080 16,080 16,080 599,070 612,570 612,570 612,570 588,240 582,570 584,070 583,070 584,070 11,037,040
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Pre-operating expense 2,078,393 - - - - - - - - - - - 2,078,393
Marketing Expense 161,900 - - - - - - - - - - - 161,900
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 2,532,627 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 5,750,681
EBIT 3,113,453 272,254- 276,254- 310,736 320,236 297,854 320,236 299,906 290,236 295,736 290,736 295,736 5,286,359
Interest Expense - - - - - - - - - - - 2,604,132 2,604,132
Taxable income 3,113,453 272,254- 276,254- 310,736 320,236 297,854 320,236 299,906 290,236 295,736 290,736 2,308,396- 2,682,226
Taxes 20% - - - - - - - - - - - 536,445 536,445
Net Income 3,113,453 272,254- 276,254- 310,736 320,236 297,854 320,236 299,906 290,236 295,736 290,736 2,844,841- 2,145,781
Retain Earning 3,113,453 272,254- 276,254- 217,515 224,165 208,498 224,165 209,934 203,165 207,015 203,515 2,844,841- 1,502,047
Dividend 30% - - - 93,221 96,071 89,356 96,071 89,972 87,071 88,721 87,221 - 643,734
91
Balance Sheet in Year 1
2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 13,265,584 13,067,067 12,864,551 13,155,804 13,453,707 13,735,942 14,033,845 14,317,517 14,594,420 14,875,173 15,152,425 9,808,541
Total current asset 13,265,584 13,067,067 12,864,551 13,155,804 13,453,707 13,735,942 14,033,845 14,317,517 14,594,420 14,875,173 15,152,425 9,808,541
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 66,224 132,449 198,673 264,898 331,122 397,347 463,571 529,795 596,020 662,244 728,469 794,693
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 7,513 15,026 22,539 30,053 37,566 45,079 52,592 60,105 67,618 75,131 82,644 90,158
Total fixed asset 41,250,074 41,176,337 41,102,599 41,028,862 40,955,124 40,881,387 40,807,649 40,733,912 40,660,174 40,586,437 40,512,699 40,438,961
Total asset 54,515,658 54,243,404 53,967,150 54,184,666 54,408,831 54,617,329 54,841,494 55,051,429 55,254,594 55,461,609 55,665,124 50,247,502
Liabilities and Equity
Short-term liabilities 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 -
Long-term liabilities 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 3,113,453 2,841,199 2,564,945 2,782,461 3,006,626 3,215,124 3,439,289 3,649,224 3,852,389 4,059,404 4,262,919 1,418,078
Total Liabilities and Equity 54,515,658 54,243,404 53,967,150 54,184,666 54,408,831 54,617,329 54,841,494 55,051,429 55,254,594 55,461,609 55,665,124 50,247,502
Mee Sub Market
Balance Sheet
August 1, 2013 - July 31, 2014
92
Statement of Cash Flow in Year 1
2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 3,113,453 272,254- 276,254- 310,736 320,236 297,854 320,236 299,906 290,236 295,736 290,736 2,844,841-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 3,187,191 198,516- 202,516- 384,474 393,974 371,592 393,974 373,644 363,974 369,474 364,474 2,771,104-
Cash Flow from Investing
Purchase land 25,000,000- - - - - - - - - - - -
Investment for building 15,893,860- - - - - - - - - - - -
Purchase equipment 429,952- - - - - - - - - - - -
Net Cash Flow from investing 41,323,812- - - - - - - - - - - -
Cash Flow from Financing
Payment of debt - - - - - - - - - - - 2,572,781-
Cash dividend - - - 93,221- 96,071- 89,356- 96,071- 89,972- 87,071- 88,721- 87,221- -
Net Cash Flow from Financing - - - 93,221- 96,071- 89,356- 96,071- 89,972- 87,071- 88,721- 87,221- 2,572,781-
Net change in Cash 38,136,621- 198,516- 202,516- 291,253 297,903 282,236 297,903 283,672 276,903 280,753 277,253 5,343,885-
Cash at beginning of period 51,402,205 13,265,584 13,067,067 12,864,551 13,155,804 13,453,707 13,735,942 14,033,845 14,317,517 14,594,420 14,875,173 15,152,425
Cash at end of period 13,265,584 13,067,067 12,864,551 13,155,804 13,453,707 13,735,942 14,033,845 14,317,517 14,594,420 14,875,173 15,152,425 9,808,541
Mee Sub Market
Statement of Cash Flow
Aug 1, 2013-July 31, 2014
93
Income Statement in Year 2
2014 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015 2015
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from lease 1,272,000 - - - - - - - - - - - 1,272,000
Revenue from renting stall 642,990 642,990 687,990 687,990 687,990 687,990 687,990 687,990 687,990 687,990 657,990 657,990 8,105,880
Revenue from providing toilet 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 192,960
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - - -
Total revenue 1,946,070 674,070 719,070 719,070 719,070 719,070 719,070 719,070 719,070 719,070 689,070 689,070 9,750,840
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 1,653,736 385,736 426,736 430,736 426,736 404,354 426,736 430,736 426,736 430,736 396,736 400,736 6,240,452
Interest Expense - - - - - - - - - - - 2,449,765 2,449,765
Taxable income 1,653,736 385,736 426,736 430,736 426,736 404,354 426,736 430,736 426,736 430,736 396,736 2,049,029- 3,790,686
Taxes - - - - - - - - - - - 758,137 758,137
Net Income 1,653,736 385,736 426,736 430,736 426,736 404,354 426,736 430,736 426,736 430,736 396,736 2,807,167- 3,032,549
Retain Earning 1,157,615 270,015 298,715 301,515 298,715 283,048 298,715 301,515 298,715 301,515 277,715 2,807,167- 2,122,784
Dividend 30% 496,121 115,721 128,021 129,221 128,021 121,306 128,021 129,221 128,021 129,221 119,021 909,765
94
Balance Sheet in Year 2
2014 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 11,039,893 11,383,646 11,756,099 12,131,352 12,503,805 12,860,590 13,233,043 13,608,296 13,980,749 14,356,002 14,707,455 9,246,878
Total current asset 11,039,893 11,383,646 11,756,099 12,131,352 12,503,805 12,860,590 13,233,043 13,608,296 13,980,749 14,356,002 14,707,455 9,246,878
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 860,917 927,142 993,366 1,059,591 1,125,815 1,192,040 1,258,264 1,324,488 1,390,713 1,456,937 1,523,162 1,589,386
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 97,671 105,184 112,697 120,210 127,723 135,236 142,749 150,263 157,776 165,289 172,802 180,315
Total fixed asset 40,365,224 40,291,486 40,217,749 40,144,011 40,070,274 39,996,536 39,922,799 39,849,061 39,775,323 39,701,586 39,627,848 39,554,111
Total asset 51,405,117 51,675,133 51,973,848 52,275,363 52,574,078 52,857,126 53,155,842 53,457,357 53,756,072 54,057,588 54,335,303 48,800,989
Liabilities and Equity
Short-term liabilities 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 -
Long-term liabilities 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 2,575,693 2,845,709 3,144,424 3,445,939 3,744,654 4,027,702 4,326,418 4,627,933 4,926,648 5,228,164 5,505,879 2,698,712
Total Liabilities and Equity 51,405,117 51,675,133 51,973,848 52,275,363 52,574,078 52,857,126 53,155,842 53,457,357 53,756,072 54,057,588 54,335,303 48,800,989
Mee Sub Market
Balance Sheet
August 1, 2014 - July 31, 2015
95
Statement of Cash Flow in Year 2
2014 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 1,653,736 385,736 426,736 430,736 426,736 404,354 426,736 430,736 426,736 430,736 396,736 2,807,167-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 1,727,474 459,474 500,474 504,474 500,474 478,092 500,474 504,474 500,474 504,474 470,474 2,733,429-
Cash Flow from Investing
- - - - - - - - - - - - -
Cash Flow from Financing
Decrease in loan payable - - - - - - - - - - - 2,727,148-
Cash dividend 496,121- 115,721- 128,021- 129,221- 128,021- 121,306- 128,021- 129,221- 128,021- 129,221- 119,021- -
Net Cash Flow from Financing 496,121- 115,721- 128,021- 129,221- 128,021- 121,306- 128,021- 129,221- 128,021- 129,221- 119,021- 2,727,148-
Net change in Cash 1,231,353 343,753 372,453 375,253 372,453 356,786 372,453 375,253 372,453 375,253 351,453 5,460,577-
Cash at beginning of period 9,808,541 11,039,893 11,383,646 11,756,099 12,131,352 12,503,805 12,860,590 13,233,043 13,608,296 13,980,749 14,356,002 14,707,455
Cash at end of period 11,039,893 11,383,646 11,756,099 12,131,352 12,503,805 12,860,590 13,233,043 13,608,296 13,980,749 14,356,002 14,707,455 9,246,878
Mee Sub Market
Statement of Cash Flow
Aug 1, 2014-July 31, 2015
96
Income Statement in Year 3
2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016 2016
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from lease 1,134,500 - - - - - - - - - - - 1,134,500
Revenue from renting stall 740,910 740,910 785,910 785,910 785,910 785,910 785,910 785,910 785,910 785,910 755,910 755,910 9,280,920
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 28,000 28,000
Total revenue 1,907,990 771,990 816,990 816,990 818,490 818,490 818,490 816,990 818,490 816,990 786,990 816,940 10,825,830
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 1,615,656 483,656 524,656 528,656 526,156 503,774 526,156 528,656 526,156 528,656 494,656 528,606 7,315,442
Interest Expense - - - - - - - - - - - 2,286,137 2,286,137
Taxable income 1,615,656 483,656 524,656 528,656 526,156 503,774 526,156 528,656 526,156 528,656 494,656 1,757,530- 5,029,305
Taxes 20% - - - - - - - - - - - 1,005,861 1,005,861
Net Income 1,615,656 483,656 524,656 528,656 526,156 503,774 526,156 528,656 526,156 528,656 494,656 2,763,391- 4,023,444
Retain Earning 1,130,959 338,559 367,259 370,059 368,309 352,642 368,309 370,059 368,309 370,059 346,259 2,763,391- 2,816,411
Dividend 30% 484,697 145,097 157,397 158,597 157,847 151,132 157,847 158,597 157,847 158,597 148,397 1,207,033
97
Balance Sheet in Year 3
2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 10,451,575฿ 10,863,871฿ 11,304,868฿ 11,748,665฿ 12,190,712฿ 12,617,091฿ 13,059,138฿ 13,502,935฿ 13,944,982฿ 14,388,779฿ 14,808,776฿ 9,228,345฿
Total current asset 10,451,575 10,863,871 11,304,868 11,748,665 12,190,712 12,617,091 13,059,138 13,502,935 13,944,982 14,388,779 14,808,776 9,228,345
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 1,655,611 1,721,835 1,788,059 1,854,284 1,920,508 1,986,733 2,052,957 2,119,181 2,185,406 2,251,630 2,317,855 2,384,079
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 187,828 195,341 202,855 210,368 217,881 225,394 232,907 240,420 247,933 255,446 262,960 270,473
Total fixed asset 39,480,373 39,406,636 39,332,898 39,259,161 39,185,423 39,111,686 39,037,948 38,964,210 38,890,473 38,816,735 38,742,998 38,669,260
Total asset 49,931,948 50,270,507 50,637,766 51,007,826 51,376,135 51,728,777 52,097,086 52,467,146 52,835,455 53,205,514 53,551,773 47,897,605
Liabilities and Equity
Short-term liabilities 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 -
Long-term liabilities 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 3,829,672 4,168,231 4,535,490 4,905,549 5,273,859 5,626,501 5,994,810 6,364,869 6,733,179 7,103,238 7,449,497 4,686,106
Total Liabilities and Equity 49,931,948 50,270,507 50,637,766 51,007,826 51,376,135 51,728,777 52,097,086 52,467,146 52,835,455 53,205,514 53,551,773 47,897,605
Mee Sub Market
Balance Sheet
August 1, 2015 - July 31, 2016
98
Statement of Cash Flow in Year 3
2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 1,615,656฿ 483,656฿ 524,656฿ 528,656฿ 526,156฿ 503,774฿ 526,156฿ 528,656฿ 526,156฿ 528,656฿ 494,656฿ 2,763,391-฿
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 1,689,394 557,394 598,394 602,394 599,894 577,512 599,894 602,394 599,894 602,394 568,394 2,689,654-
Cash Flow from Investing
- - - - - - - - - - - - -
Cash Flow from Financing
Decrease in loan payable - - - - - - - - - - - 2,890,777-
Cash dividend 484,697- 145,097- 157,397- 158,597- 157,847- 151,132- 157,847- 158,597- 157,847- 158,597- 148,397- -
Net Cash Flow from Financing 484,697- 145,097- 157,397- 158,597- 157,847- 151,132- 157,847- 158,597- 157,847- 158,597- 148,397- 2,890,777-
Net change in Cash 1,204,697 412,297 440,997 443,797 442,047 426,380 442,047 443,797 442,047 443,797 419,997 5,580,431-
Cash at beginning of period 9,246,878 10,451,575 10,863,871 11,304,868 11,748,665 12,190,712 12,617,091 13,059,138 13,502,935 13,944,982 14,388,779 14,808,776
Cash at end of period 10,451,575 10,863,871 11,304,868 11,748,665 12,190,712 12,617,091 13,059,138 13,502,935 13,944,982 14,388,779 14,808,776 9,228,345
Mee Sub Market
Statement of Cash Flow
Aug 1, 2015-July 31, 2016
99
Income Statement in Year 4
2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from renting stall 755,910 755,910 800,910 800,910 800,910 800,910 800,910 800,910 800,910 800,910 770,910 770,910 9,460,920
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 30,000 30,000
Total revenue 788,490 786,990 831,990 831,990 833,490 833,490 833,490 831,990 833,490 831,990 801,990 833,940 9,873,330
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 496,156 498,656 539,656 543,656 541,156 518,774 541,156 543,656 541,156 543,656 509,656 545,606 6,362,942
Interest Expense - - - - - - - - - - - 2,112,690 2,112,690
Taxable income 496,156 498,656 539,656 543,656 541,156 518,774 541,156 543,656 541,156 543,656 509,656 1,567,084- 4,250,252
Taxes - - - - - - - - - - - 850,050 850,050
Net Income 496,156 498,656 539,656 543,656 541,156 518,774 541,156 543,656 541,156 543,656 509,656 2,417,134- 3,400,201
Retain Earning 347,309 349,059 377,759 380,559 378,809 363,142 378,809 380,559 378,809 380,559 356,759 2,417,134- 2,380,141
Dividend 30% 148,847 149,597 161,897 163,097 162,347 155,632 162,347 163,097 162,347 163,097 152,897 1,020,060
100
Balance Sheet in Year 4
2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 9,649,392฿ 10,072,189฿ 10,523,686฿ 10,977,983฿ 11,430,529฿ 11,867,409฿ 12,319,956฿ 12,774,253฿ 13,226,799฿ 13,681,096฿ 14,111,593฿ 8,703,973฿
Total current asset 9,649,392 10,072,189 10,523,686 10,977,983 11,430,529 11,867,409 12,319,956 12,774,253 13,226,799 13,681,096 14,111,593 8,703,973
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 2,450,304 2,516,528 2,582,752 2,648,977 2,715,201 2,781,426 2,847,650 2,913,874 2,980,099 3,046,323 3,112,548 3,178,772
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 277,986 285,499 293,012 300,525 308,038 315,551 323,065 330,578 338,091 345,604 353,117 360,630
Total fixed asset 38,595,523 38,521,785 38,448,048 38,374,310 38,300,572 38,226,835 38,153,097 38,079,360 38,005,622 37,931,885 37,858,147 37,784,410
Total asset 48,244,915 48,593,974 48,971,733 49,352,293 49,731,102 50,094,244 50,473,053 50,853,612 51,232,422 51,612,981 51,969,740 46,488,383
Liabilities and Equity
Short-term liabilities 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 -
Long-term liabilities 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 5,033,415 5,382,474 5,760,234 6,140,793 6,519,602 6,882,744 7,261,553 7,642,113 8,020,922 8,401,481 8,758,241 6,341,106
Total Liabilities and Equity 48,244,915 48,593,974 48,971,733 49,352,293 49,731,102 50,094,244 50,473,053 50,853,612 51,232,422 51,612,981 51,969,740 46,488,383
Mee Sub Market
Balance Sheet
August 1, 2016 - July 31, 2017
101
Statement of Cash Flow in Year 4
2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017
Year4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 496,156฿ 498,656฿ 539,656฿ 543,656฿ 541,156฿ 518,774฿ 541,156฿ 543,656฿ 541,156฿ 543,656฿ 509,656฿ 2,417,134-฿
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 569,894 572,394 613,394 617,394 614,894 592,512 614,894 617,394 614,894 617,394 583,394 2,343,397-
Cash Flow from Investing
- - - - - - - - - - - - -
Cash Flow from Financing
Decrease in loan payable - - - - - - - - - - - 3,064,223-
Cash dividend 148,847- 149,597- 161,897- 163,097- 162,347- 155,632- 162,347- 163,097- 162,347- 163,097- 152,897- -
Net Cash Flow from Financing 148,847- 149,597- 161,897- 163,097- 162,347- 155,632- 162,347- 163,097- 162,347- 163,097- 152,897- 3,064,223-
Net change in Cash 421,047 422,797 451,497 454,297 452,547 436,880 452,547 454,297 452,547 454,297 430,497 5,407,620-
Cash at beginning of period 9,228,345 9,649,392 10,072,189 10,523,686 10,977,983 11,430,529 11,867,409 12,319,956 12,774,253 13,226,799 13,681,096 14,111,593
Cash at end of period 9,649,392 10,072,189 10,523,686 10,977,983 11,430,529 11,867,409 12,319,956 12,774,253 13,226,799 13,681,096 14,111,593 8,703,973
Mee Sub Market
Statement of Cash Flow
Aug 1, 2016-July 31, 2017
102
Income Statement in Year 5
2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from renting stall 770,910 779,200 824,200 824,200 824,200 824,200 824,200 824,200 824,200 824,200 794,200 794,200 9,732,110
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 30,000 30,000
Total revenue 803,490 810,280 855,280 855,280 856,780 856,780 856,780 855,280 856,780 855,280 825,280 857,230 10,144,520
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 511,156 521,946 562,946 566,946 564,446 542,064 564,446 566,946 564,446 566,946 532,946 568,896 6,634,132
Interest Expense - - - - - - - - - - - 1,928,837 1,928,837
Taxable income 511,156 521,946 562,946 566,946 564,446 542,064 564,446 566,946 564,446 566,946 532,946 1,359,940- 4,705,295
Taxes 20% - - - - - - - - - - - 941,059 941,059
Net Income 511,156 521,946 562,946 566,946 564,446 542,064 564,446 566,946 564,446 566,946 532,946 2,300,999- 3,764,236
Retain Earning 357,809 365,362 394,062 396,862 395,112 379,445 395,112 396,862 395,112 396,862 373,062 2,300,999- 2,634,965
Dividend 30% 153,347 156,584 168,884 170,084 169,334 162,619 169,334 170,084 169,334 170,084 159,884 1,129,271
103
Balance Sheet in Year 5
2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 9,135,520฿ 9,574,620฿ 10,042,420฿ 10,513,020฿ 10,981,869฿ 11,435,052฿ 11,903,902฿ 12,374,502฿ 12,843,351฿ 13,313,951฿ 13,760,751฿ 8,285,413฿
Total current asset 9,135,520 9,574,620 10,042,420 10,513,020 10,981,869 11,435,052 11,903,902 12,374,502 12,843,351 13,313,951 13,760,751 8,285,413
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 3,244,997 3,311,221 3,377,445 3,443,670 3,509,894 3,576,119 3,642,343 3,708,568 3,774,792 3,841,016 3,907,241 3,973,465
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 368,143 375,657 383,170 390,683 398,196 405,709 413,222 420,735 428,248 435,762 443,275 450,788
Total fixed asset 37,710,672 37,636,935 37,563,197 37,489,459 37,415,722 37,341,984 37,268,247 37,194,509 37,120,772 37,047,034 36,973,297 36,899,559
Total asset 46,846,192 47,211,554 47,605,617 48,002,479 48,397,591 48,777,036 49,172,149 49,569,011 49,964,123 50,360,985 50,734,048 45,184,972
Liabilities and Equity
Short-term liabilities 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 -
Long-term liabilities 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 6,698,916 7,064,278 7,458,340 7,855,203 8,250,315 8,629,760 9,024,872 9,421,734 9,816,847 10,213,709 10,586,771 8,285,772
Total Liabilities and Equity 46,846,192 47,211,554 47,605,617 48,002,479 48,397,591 48,777,036 49,172,149 49,569,011 49,964,123 50,360,985 50,734,048 45,184,972
Mee Sub Market
Balance Sheet
August 1, 2017 - July 31, 2018
104
Statement of Cash Flow in Year 5
2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018
Year5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 511,156฿ 521,946฿ 562,946฿ 566,946฿ 564,446฿ 542,064฿ 564,446฿ 566,946฿ 564,446฿ 566,946฿ 532,946฿ 2,300,999-฿
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 584,894 595,684 636,684 640,684 638,184 615,802 638,184 640,684 638,184 640,684 606,684 2,227,262-
Cash Flow from Investing
- - - - - - - - - - - - -
Cash Flow from Financing
Decrease in loan payable - - - - - - - - - - - 3,248,077-
Cash dividend 153,347- 156,584- 168,884- 170,084- 169,334- 162,619- 169,334- 170,084- 169,334- 170,084- 159,884- -
Net Cash Flow from Financing 153,347- 156,584- 168,884- 170,084- 169,334- 162,619- 169,334- 170,084- 169,334- 170,084- 159,884- 3,248,077-
Net change in Cash 431,547 439,100 467,800 470,600 468,850 453,183 468,850 470,600 468,850 470,600 446,800 5,475,339-
Cash at beginning of period 8,703,973 9,135,520 9,574,620 10,042,420 10,513,020 10,981,869 11,435,052 11,903,902 12,374,502 12,843,351 13,313,951 13,760,751
Cash at end of period 9,135,520 9,574,620 10,042,420 10,513,020 10,981,869 11,435,052 11,903,902 12,374,502 12,843,351 13,313,951 13,760,751 8,285,413
Mee Sub Market
Statement of Cash Flow
Aug 1, 2017-July 31, 2018
105
Financial Analysis in 5 years
Year 1 Year 2 Year 3 Year 4 Year 5
Asset
Current Asset
Cash 9,808,541 9,246,878 9,228,345 8,703,973 8,285,413
Total current asset 9,808,541 9,246,878 9,228,345 8,703,973 8,285,413
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 794,693 1,589,386 2,384,079 3,178,772 3,973,465
Equipment 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 90,158 180,315 270,473 360,630 450,788
Total fixed asset 40,438,961 39,554,111 38,669,260 37,784,410 36,899,559
Total asset 50,247,502 48,800,989 47,897,605 46,488,383 45,184,972
Liabilities and Equity
Short-term liabilities - - - - -
Long-term liabilities 40,829,424 38,102,276 35,211,500 32,147,276 28,899,200
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 1,418,078 2,698,712 4,686,106 6,341,106 8,285,772
Total Liabilities and Equity 50,247,502 48,800,989 47,897,605 46,488,383 45,184,972
Mee Sub Market
Balance sheet in five years
106
Year 1 Year 2 Year 3 Year 4 Year 5
Revenue
Revenue from lease 5,628,500 1,272,000 1,134,500 - -
Revenue from renting stall 5,083,410 8,105,880 9,280,920 9,460,920 9,732,110
Revenue from providing toilet 205,130 192,960 202,410 202,410 202,410
Revenue from ATM area renting 120,000 180,000 180,000 180,000 180,000
Revenue from area renting - - 28,000 30,000 30,000
Total revenue 11,037,040 9,750,840 10,825,830 9,873,330 10,144,520
Expense
Administrative expense
Employee salary 792,000 792,000 792,000 792,000 792,000
Social Security 7,680 7,680 7,680 7,680 7,680
Sign bord Tax 7,200 7,200 7,200 7,200 7,200
House and building Tax 9,984 9,984 9,984 9,984 9,984
Permit of fresh Market establishment 2,000 2,000 2,000 2,000 2,000
Electricity expense 852,062 852,062 852,062 852,062 852,062
Water expense 583,511 583,511 583,511 583,511 583,511
Internet and Telephone expense 13,983 13,983 13,983 13,983 13,983
Garbrage fees 57,600 57,600 57,600 57,600 57,600
Solid Waste Expenses 24,000 24,000 24,000 24,000 24,000
Fire Insurance 7,198 7,198 7,198 7,198 7,198
Cleaning Fresh Market 36,000 36,000 36,000 36,000 36,000
Miscellaneous expense 84,000 84,000 84,000 84,000 84,000
Toxin Assays 148,320 148,320 148,320 148,320 148,320
Total Administrative expense 2,625,538 2,625,538 2,625,538 2,625,538 2,625,538
Pre operating expense 2,078,393 - -
Marketing Expense 161,900 - - - -
Depreciation expense 884,851 884,851 884,851 884,851 884,851
Total expense 5,750,681 3,510,388 3,510,388 3,510,388 3,510,388
EBIT 5,286,359 6,240,452 7,315,442 6,362,942 6,634,132
Interest Expense 2,604,132 2,449,765 2,286,137 2,112,690 1,928,837
Taxable income 2,682,226 3,790,686 5,029,305 4,250,252 4,705,295
Taxes 536,445 758,137 1,005,861 850,050 941,059
Net Income 2,145,781 3,032,549 4,023,444 3,400,201 3,764,236
Retain Earning 1,502,047 2,122,784 2,816,411 2,380,141 2,634,965
Dividend 30% 643,734 909,765 1,207,033 1,020,060 1,129,271
Mee Sub Market
Income Statement in five years
Year 1 Year 2 Year 3 Year 4 Year 5Profit Magin 19.44% 31.10% 37.17% 34.44% 37.11%
ROA 4.27% 6.21% 8.40% 7.31% 8.33%
ROE 22.78% 28.34% 31.72% 23.71% 23.11%
Payout ratio 30.00% 30.00% 30.00% 30.00% 30.00%
Debt to total asset ratio 81.26% 78.08% 73.51% 69.15% 63.96%
107
1. Liquidity Ratio
Our business has a short-term debt as principal of bank loaned that we has to pay at the
end of period, so in balance sheet at the end of period does not show short-term debt. In case of
meeting unexpected need for cash, investor or creditor can make sure that we have ability to
pay that because we have reserve cash in hand.
2. Profitability Ratio
From calculating Profit margin found that our company has ability to generate profit in
Year 2 more than profit margin in Year 1 because we spent a lot of money to pay for
investment and expenses in year 1. Since year 2, we can generate profit margin around 30
percent up and will be profit constantly. We will have more profit after we pay of total debt
that we loan from bank in year 12.
For Return on assets (ROA), we have ability to generate profit from asset more and
more from year 1 to year 3, but it decrease in year 4 and then increase in year 5. Although the
ratio is not large number, these assets can provide profit in long term.
Return on equity (ROE), from the ratio of return on equity show that our company can
generate profit from out of equity since year1 to year 3 more and more. After year 3, the profit
will be stable ratio around 23%. That mean we have a lot of equity that not make profit.
For Payout Ratio, our company has the policy to pay cash dividend monthly in constant
rate as 30% by starting from November of Year 1.
3. Solvency Ratio
Debt to total assets ratio, from the table presented that our company has high debt
because it just beginning of new business and we loan money from a bank to invest in Mee Sub
market. Due to pay debt annually, percentage of debt to total assets will low continuously. Our
company believes that we can pay total debt within 12 years and after that we will have more
assets that can provide more profit in the future.
Chapter 7
Risk Analysis
109
Risk Management
Risk is the probability or chance of mistake, damage, and thread of unexpected
circumstance to be occurring in the future. It can lead to unsuccessful operation that is not
achieving the objectives of the business. Risk can be both positive and negative effects to
business, and can be classified into 2 factors which are; External and Internal Factors. Mee Sub
Market identifies the risk as following;
External Risk is risk that occurs out of the company control.
1. Economic
Economy and external risk have significant impact on business. In the other word,
when the country faces economic problem, it affects to expenditure of the population. Many
business and many company may be shut down or bankrupt. It also has an effect on Small
business and new company who start to run their business.
Mee Sub Market is a new opening market. If the economic condition of the country,
especially in Chiang Rai, is not stable or facing problems, it would be a risk affects to the fresh
market. To adapt and protect itself from the changing in economic, the market have to aware of
changing all the time by gather all information about economic issue including with political
issue to get itself prepared and get ready to adapt in the circumstance.
2. Environment
The risk from natural disasters and environment may occur such as earthquake,
flooding and collapse of electricity system. These events can happen all the time so, Mee Sub
Market has a policy to buy the insurance in order to deal with these problems.
3. Competitor
The risk that may occur is competition of strategy of the rivals or competitors that
aimed to attract customers including the stall renting which cost cheaper than our market. This
would be the risk of losing sellers attention to competitors.
Internal Risk is risk that occurs from business operation mistake.
1. Financial Risk
The Financial risk of Mee Sub market is the over cost with the limited budget. The risk
also includes the increasing number of expenditure. If Mee Sub market suffers with this
problem in financial risk, it will affects to the increasing time to get a return and pay back to
the investor.
110
This case Mee Sub market will reduce the result of financial risk by doing a financial
plan and forecasting the financial situation for the future.
2. Strategic Risk
The strategic which is not according to the visions of the market and not go along with
the current situation can cause the market unable to compete with competitors. Therefore, this
becomes the risk that affects to the market to lose its income and be adverse to the competitors.
The way to manage this risk is Mee Sub Market has to change the strategic plan to be
more attractive than the competitors. Moreover, the market has to provide the meeting to
discuss with the members of the market to provide them some information of the market policy
together with emphasis on the real visions of the market.
3. Operating Risk
Operation risk is the safety risk which may occur from the accident, conflagration, and
other harm from selling products in the market.
To deal with this risk, the market has to buy casualty insurance in order to take
responsibility on those damages. Besides, the market would set the defensive measure for
example; to avoid conflagration, do not put the flammable stuff in the same area, and arrange
electrical system follow the standard.
4. Compliance Risk
The risk occurs from the failure in the stall renting agreement. It can be the risk of the
resistance because of the dissatisfaction in the policy. Mee Sub market will reduce this risk by
creating a meeting in every month. In order to talk, give information and share the way to solve
the problem with members in the market.
5. Credit risk
The credit risk is the risk that may occur from the late renting payment of the stall. And
it may be the payment on credit of any sellers. This problem may cause the dislocation of the
market revenue.
So, the market has been set the policy to support this risk by specify the limit of lenient
time. Sellers must make a payment within two month after the payment on credit without
interest. This policy will be shown in the contract of lease under Thai law. Moreover, the
market also spares the reserved fund in order to revolving for the risk which may occur.
111
If we meet credit risk for 5 percent, it will affect to decrease our revenue and profit as show in Income statement, Balance sheet and cash flow.
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul End of Period
Revenue
Revenue from lease 5,628,500 - - - - - - - - - - - 5,628,500
Revenue from renting stall - - - 552,416 552,416 552,416 552,416 523,916 523,916 523,916 523,916 523,916 4,829,240
Revenue from providing toilet 17,580 16,080 16,080 17,580 16,080 16,080 16,080 21,750 16,080 17,580 16,580 17,580 205,130
Revenue from ATM area renting - - - - 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 120,000
Total revenue 5,646,080 16,080 16,080 569,996 583,496 583,496 583,496 560,666 554,996 556,496 555,496 556,496 10,782,870
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Pre-operating expense 2,078,393 - - - - - - - - - - - 2,078,393
Marketing Expense 161,900 - - - - - - - - - - - 161,900
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 2,532,627 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 5,750,681
EBIT 3,113,453 272,254- 276,254- 281,662 291,162 268,780 291,162 272,332 262,662 268,162 263,162 268,162 5,032,188
Interest Expense - - - - - - - - - - - 2,604,132 2,604,132
Taxable income 3,113,453 272,254- 276,254- 281,662 291,162 268,780 291,162 272,332 262,662 268,162 263,162 2,335,971- 2,428,056
Taxes - - - - - - - - - - - 388,922- 485,611
Net Income 3,113,453 272,254- 276,254- 281,662 291,162 268,780 291,162 272,332 262,662 268,162 263,162 2,724,893- 1,942,445
Retain Earning 3,113,453 272,254- 276,254- 197,163 203,813 188,146 203,813 190,632 183,863 187,713 184,213 2,724,893- 1,359,711
Dividend 30% 84,498 87,348 80,634 87,348 81,699 78,798 80,448 78,948 582,733
112
Balance sheet in case of credit risk for 5 percent in year 1
2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 13,265,584 13,067,067 12,864,551 13,135,452 13,413,002 13,674,886 13,952,436 14,216,806 14,474,407 14,735,858 14,993,808 9,769,872
Total current asset 13,265,584 13,067,067 12,864,551 13,135,452 13,413,002 13,674,886 13,952,436 14,216,806 14,474,407 14,735,858 14,993,808 9,769,872
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 66,224 132,449 198,673 264,898 331,122 397,347 463,571 529,795 596,020 662,244 728,469 794,693
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 7,513 15,026 22,539 30,053 37,566 45,079 52,592 60,105 67,618 75,131 82,644 90,158
Total fixed asset 41,250,074 41,176,337 41,102,599 41,028,862 40,955,124 40,881,387 40,807,649 40,733,912 40,660,174 40,586,437 40,512,699 40,438,961
Total asset 54,515,658 54,243,404 53,967,150 54,164,314 54,368,127 54,556,273 54,760,086 54,950,718 55,134,581 55,322,294 55,506,507 50,208,834
Liabilities and Equity
Short-term liabilities 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 -
Long-term liabilities 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 3,113,453 2,841,199 2,564,945 2,762,109 2,965,922 3,154,067 3,357,881 3,548,513 3,732,376 3,920,089 4,104,302 1,379,410
Total Liabilities and Equity 54,515,658 54,243,404 53,967,150 54,164,314 54,368,127 54,556,273 54,760,086 54,950,718 55,134,581 55,322,294 55,506,507 50,208,834
Mee Sub Market
Balance Sheet
August 1, 2013 - July 31, 2014
113
Statement of cash flow in case of credit risk for 5 percent in year 1
2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 3,113,453 272,254- 276,254- 281,662 291,162 268,780 291,162 272,332 262,662 268,162 263,162 2,724,893-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 3,187,191 198,516- 202,516- 355,399 364,899 342,517 364,899 346,069 336,399 341,899 336,899 2,651,155-
Cash Flow from Investing
Purchase land 25,000,000- - - - - - - - - - - -
Investment for building 15,893,860- - - - - - - - - - - -
Purchase equipment 429,952- - - - - - - - - - - -
Net Cash Flow from investing 41,323,812- - - - - - - - - - - -
Cash Flow from Financing
Payment of debt - - - - - - - - - - - 2,572,781-
Cash dividend - - - 84,498- 87,348- 80,634- 87,348- 81,699- 78,798- 80,448- 78,948- -
Net Cash Flow from Financing - - - 84,498- 87,348- 80,634- 87,348- 81,699- 78,798- 80,448- 78,948- 2,572,781-
Net change in Cash 38,136,621- 198,516- 202,516- 270,901 277,551 261,883 277,551 264,370 257,601 261,451 257,951 5,223,936-
Cash at beginning of period 51,402,205 13,265,584 13,067,067 12,864,551 13,135,452 13,413,002 13,674,886 13,952,436 14,216,806 14,474,407 14,735,858 14,993,808
Cash at end of period 13,265,584 13,067,067 12,864,551 13,135,452 13,413,002 13,674,886 13,952,436 14,216,806 14,474,407 14,735,858 14,993,808 9,769,872
Mee Sub Market
Statement of Cash Flow
Aug 1, 2013-July 31, 2014
114
Income statement in case of credit risk for 5 percent in year 2
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from lease 1,272,000 - - - - - - - - - - - 1,272,000
Revenue from renting stall 610,841 610,841 653,591 653,591 653,591 653,591 653,591 653,591 653,591 653,591 625,091 625,091 7,700,586
Revenue from providing toilet 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 192,960
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - - -
Total revenue 1,913,921 641,921 684,671 684,671 684,671 684,671 684,671 684,671 684,671 684,671 656,171 656,171 9,345,546
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 1,621,587 353,587 392,337 396,337 392,337 369,955 392,337 396,337 392,337 396,337 363,837 367,837 5,835,158
Interest Expense - - - - - - - - - - - 2,449,765 2,449,765
Taxable income 1,621,587 353,587 392,337 396,337 392,337 369,955 392,337 396,337 392,337 396,337 363,837 2,081,929- 3,385,392
Taxes - - - - - - - - - - - 677,078- 677,078
Net Income 1,621,587 353,587 392,337 396,337 392,337 369,955 392,337 396,337 392,337 396,337 363,837 1,404,850- 2,708,314
Retain Earning 1,135,111 247,511 274,636 277,436 274,636 258,968 274,636 277,436 274,636 277,436 254,686 1,404,850- 1,895,820
Dividend 30% 486,476 106,076 117,701 118,901 117,701 110,986 117,701 118,901 117,701 118,901 109,151 812,494
115
Balance sheet in case of credit risk for 5 percent in year 2
2014 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 10,978,720 11,299,969 11,648,342 11,999,515 12,347,888 12,680,594 13,028,967 13,380,140 13,728,514 14,079,687 14,408,110 10,349,849
Total current asset 10,978,720 11,299,969 11,648,342 11,999,515 12,347,888 12,680,594 13,028,967 13,380,140 13,728,514 14,079,687 14,408,110 10,349,849
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 860,917 927,142 993,366 1,059,591 1,125,815 1,192,040 1,258,264 1,324,488 1,390,713 1,456,937 1,523,162 1,589,386
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 97,671 105,184 112,697 120,210 127,723 135,236 142,749 150,263 157,776 165,289 172,802 180,315
Total fixed asset 40,365,224 40,291,486 40,217,749 40,144,011 40,070,274 39,996,536 39,922,799 39,849,061 39,775,323 39,701,586 39,627,848 39,554,111
Total asset 51,343,944 51,591,455 51,866,091 52,143,526 52,418,162 52,677,130 52,951,766 53,229,201 53,503,837 53,781,273 54,035,958 49,903,960
Liabilities and Equity
Short-term liabilities 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 -
Long-term liabilities 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 2,514,520 2,762,031 3,036,666 3,314,102 3,588,738 3,847,706 4,122,342 4,399,777 4,674,413 4,951,849 5,206,534 3,801,684
Total Liabilities and Equity 51,343,944 51,591,455 51,866,091 52,143,526 52,418,162 52,677,130 52,951,766 53,229,201 53,503,837 53,781,273 54,035,958 49,903,960
Mee Sub Market
Balance Sheet
August 1, 2014 - July 31, 2015
116
Statement of cash flow in case of credit risk for 5 percent in year 2
2,014.00 2,014.00 2,014.00 2,014.00 2,014.00 2,015.00 2,015.00 2,015.00 2,015.00 2,015.00 2,015.00 2,015.00
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 1,621,587 353,587 392,337 396,337 392,337 369,955 392,337 396,337 392,337 396,337 363,837 1,404,850-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 1,695,324 427,324 466,074 470,074 466,074 443,692 466,074 470,074 466,074 470,074 437,574 1,331,113-
Cash Flow from Investing - - - - - - - - - - - -
Cash Flow from Financing
Decrease in loan payable - - - - - - - - - - - 2,727,148-
Cash dividend 486,476- 106,076- 117,701- 118,901- 117,701- 110,986- 117,701- 118,901- 117,701- 118,901- 109,151- -
Net Cash Flow from Financing 486,476- 106,076- 117,701- 118,901- 117,701- 110,986- 117,701- 118,901- 117,701- 118,901- 109,151- 2,727,148-
Net change in Cash 1,208,848 321,248 348,373 351,173 348,373 332,706 348,373 351,173 348,373 351,173 328,423 4,058,261-
Cash at beginning of period 9,769,872 10,978,720 11,299,969 11,648,342 11,999,515 12,347,888 12,680,594 13,028,967 13,380,140 13,728,514 14,079,687 14,408,110
Cash at end of period 10,978,720 11,299,969 11,648,342 11,999,515 12,347,888 12,680,594 13,028,967 13,380,140 13,728,514 14,079,687 14,408,110 10,349,849
Mee Sub Market
Statement of Cash Flow
Aug 1, 2014-July 31, 2015
117
Income statement in case of credit risk for 5 percent in year 3
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul End of Period
Revenue
Revenue from lease 1,134,500 - - - - - - - - - - - 1,134,500
Revenue from renting stall 703,865 703,865 746,615 746,615 746,615 746,615 746,615 746,615 746,615 746,615 718,115 718,115 8,816,874
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 28,000 28,000
Total revenue 1,870,945 734,945 777,695 777,695 779,195 779,195 779,195 777,695 779,195 777,695 749,195 779,145 10,361,784
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 1,578,611 446,611 485,361 489,361 486,861 464,479 486,861 489,361 486,861 489,361 456,861 490,811 6,851,396
Interest Expense - - - - - - - - - - - 2,286,137 2,286,137
Taxable income 1,578,611 446,611 485,361 489,361 486,861 464,479 486,861 489,361 486,861 489,361 456,861 1,795,326- 4,565,259
Taxes - - - - - - - - - - - 746,233- 913,052
Net Income 1,578,611 446,611 485,361 489,361 486,861 464,479 486,861 489,361 486,861 489,361 456,861 2,541,559- 3,652,207
Retain Earning 1,105,027 312,627 339,752 342,552 340,802 325,135 340,802 342,552 340,802 342,552 319,802 2,541,559- 2,556,545
Dividend 30% 473,583 133,983 145,608 146,808 146,058 139,344 146,058 146,808 146,058 146,808 137,058 1,095,662
118
Balance sheet in case of credit risk for 5 percent in year 3
2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 11,528,614 11,914,979 12,328,469 12,744,759 13,159,299 13,558,172 13,972,712 14,389,002 14,803,542 15,219,832 15,613,372 10,254,774
Total current asset 11,528,614 11,914,979 12,328,469 12,744,759 13,159,299 13,558,172 13,972,712 14,389,002 14,803,542 15,219,832 15,613,372 10,254,774
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 1,655,611 1,721,835 1,788,059 1,854,284 1,920,508 1,986,733 2,052,957 2,119,181 2,185,406 2,251,630 2,317,855 2,384,079
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 187,828 195,341 202,855 210,368 217,881 225,394 232,907 240,420 247,933 255,446 262,960 270,473
Total fixed asset 39,480,373 39,406,636 39,332,898 39,259,161 39,185,423 39,111,686 39,037,948 38,964,210 38,890,473 38,816,735 38,742,998 38,669,260
Total asset 51,008,988 51,321,615 51,661,368 52,003,920 52,344,722 52,669,858 53,010,660 53,353,212 53,694,015 54,036,567 54,356,370 48,924,034
Liabilities and Equity
Short-term liabilities 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 -
Long-term liabilities 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 4,906,711 5,219,339 5,559,091 5,901,644 6,242,446 6,567,581 6,908,384 7,250,936 7,591,739 7,934,291 8,254,093 5,712,534
Total Liabilities and Equity 51,008,988 51,321,615 51,661,368 52,003,920 52,344,722 52,669,858 53,010,660 53,353,212 53,694,015 54,036,567 54,356,370 48,924,034
Mee Sub Market
Balance Sheet
August 1, 2015 - July 31, 2016
119
Statement of cash flow in case of credit risk for 5 percent in year 3
2015 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 1,578,611 446,611 485,361 489,361 486,861 464,479 486,861 489,361 486,861 489,361 456,861 2,541,559-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 1,652,348 520,348 559,098 563,098 560,598 538,216 560,598 563,098 560,598 563,098 530,598 2,467,821-
Cash Flow from Investing
Net Cash Flow from investing - - - - - - - - - - - -
Cash Flow from Financing
Payment of debt - - - - - - - - - - - 2,890,777-
Cash dividend 473,583- 133,983- 145,608- 146,808- 146,058- 139,344- 146,058- 146,808- 146,058- 146,808- 137,058- -
Net Cash Flow from Financing 473,583- 133,983- 145,608- 146,808- 146,058- 139,344- 146,058- 146,808- 146,058- 146,808- 137,058- 2,890,777-
Net change in Cash 1,178,765 386,365 413,490 416,290 414,540 398,873 414,540 416,290 414,540 416,290 393,540 5,358,598-
Cash at beginning of period 10,349,849 11,528,614 11,914,979 12,328,469 12,744,759 13,159,299 13,558,172 13,972,712 14,389,002 14,803,542 15,219,832 15,613,372
Cash at end of period 11,528,614 11,914,979 12,328,469 12,744,759 13,159,299 13,558,172 13,972,712 14,389,002 14,803,542 15,219,832 15,613,372 10,254,774
Mee Sub Market
Statement of Cash Flow
Aug 1, 2015-July 31, 2016
120
Income statement in case of credit risk for 5 percent in year 4
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul End of Period
Revenue
Revenue from renting stall 718,115 718,115 760,865 760,865 760,865 760,865 760,865 760,865 760,865 760,865 732,365 732,365 8,987,874
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 30,000 30,000
Total revenue 750,695 749,195 791,945 791,945 793,445 793,445 793,445 791,945 793,445 791,945 763,445 795,395 9,400,284
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 458,361 460,861 499,611 503,611 501,111 478,729 501,111 503,611 501,111 503,611 471,111 507,061 5,889,896
Interest Expense - - - - - - - - - - - 2,112,690 2,112,690
Taxable income 458,361 460,861 499,611 503,611 501,111 478,729 501,111 503,611 501,111 503,611 471,111 1,605,629- 3,777,206
Taxes - - - - - - - - - - - 755,441 755,441
Net Income 458,361 460,861 499,611 503,611 501,111 478,729 501,111 503,611 501,111 503,611 471,111 2,361,070- 3,021,765
Retain Earning 320,852 322,602 349,727 352,527 350,777 335,110 350,777 352,527 350,777 352,527 329,777 2,361,070- 2,115,235
Dividend 30% 137,508 138,258 149,883 151,083 150,333 143,619 150,333 151,083 150,333 151,083 141,333 906,529
121
Balance sheet in case of credit risk for 5 percent in year 4
2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 10,649,364 11,045,704 11,469,169 11,895,434 12,319,949 12,728,797 13,153,312 13,579,577 14,004,092 14,430,357 14,833,872 9,482,315
Total current asset 10,649,364 11,045,704 11,469,169 11,895,434 12,319,949 12,728,797 13,153,312 13,579,577 14,004,092 14,430,357 14,833,872 9,482,315
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 2,450,304 2,516,528 2,582,752 2,648,977 2,715,201 2,781,426 2,847,650 2,913,874 2,980,099 3,046,323 3,112,548 3,178,772
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 277,986 285,499 293,012 300,525 308,038 315,551 323,065 330,578 338,091 345,604 353,117 360,630
Total fixed asset 38,595,523 38,521,785 38,448,048 38,374,310 38,300,572 38,226,835 38,153,097 38,079,360 38,005,622 37,931,885 37,858,147 37,784,410
Total asset 49,244,887 49,567,489 49,917,216 50,269,744 50,620,521 50,955,631 51,306,409 51,658,936 52,009,714 52,362,241 52,692,019 47,266,725
Liabilities and Equity
Short-term liabilities 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 -
Long-term liabilities 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 6,033,387 6,355,989 6,705,717 7,058,244 7,409,022 7,744,132 8,094,909 8,447,437 8,798,214 9,150,742 9,480,519 7,119,449
Total Liabilities and Equity 49,244,887 49,567,489 49,917,216 50,269,744 50,620,521 50,955,631 51,306,409 51,658,936 52,009,714 52,362,241 52,692,019 47,266,725
Mee Sub Market
Balance Sheet
August 1, 2016 - July 31, 2017
122
Statement of cash flow in case of credit risk for 5 percent in year 4
2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 458,361 460,861 499,611 503,611 501,111 478,729 501,111 503,611 501,111 503,611 471,111 2,361,070-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 532,098 534,598 573,348 577,348 574,848 552,466 574,848 577,348 574,848 577,348 544,848 2,287,333-
Cash Flow from Investing
Net Cash Flow from investing - - - - - - - - - - - -
Cash Flow from Financing
Payment of debt - - - - - - - - - - - 3,064,223-
Cash dividend 137,508- 138,258- 149,883- 151,083- 150,333- 143,619- 150,333- 151,083- 150,333- 151,083- 141,333- -
Net Cash Flow from Financing 137,508- 138,258- 149,883- 151,083- 150,333- 143,619- 150,333- 151,083- 150,333- 151,083- 141,333- 3,064,223-
Net change in Cash 394,590 396,340 423,465 426,265 424,515 408,848 424,515 426,265 424,515 426,265 403,515 5,351,556-
Cash at beginning of period 10,254,774 10,649,364 11,045,704 11,469,169 11,895,434 12,319,949 12,728,797 13,153,312 13,579,577 14,004,092 14,430,357 14,833,872
Cash at end of period 10,649,364 11,045,704 11,469,169 11,895,434 12,319,949 12,728,797 13,153,312 13,579,577 14,004,092 14,430,357 14,833,872 9,482,315
Mee Sub Market
Statement of Cash Flow
Aug 1, 2016-July 31, 2017
123
Income statement in case of credit risk for 5 percent in year 5
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul End of Period
Revenue
Revenue from renting stall 732,365 740,240 782,990 782,990 782,990 782,990 782,990 782,990 782,990 782,990 754,490 754,490 9,245,505
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 30,000 30,000
Total revenue 764,945 771,320 814,070 814,070 815,570 815,570 815,570 814,070 815,570 814,070 785,570 817,520 9,657,915
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 472,611 482,986 521,736 525,736 523,236 500,854 523,236 525,736 523,236 525,736 493,236 529,186 6,147,526
Interest Expense - - - - - - - - - - - 1,928,837 1,928,837
Taxable income 472,611 482,986 521,736 525,736 523,236 500,854 523,236 525,736 523,236 525,736 493,236 1,399,650- 4,218,690
Taxes - - - - - - - - - - - 843,738 843,738
Net Income 472,611 482,986 521,736 525,736 523,236 500,854 523,236 525,736 523,236 525,736 493,236 2,243,388- 3,374,952
Retain Earning 330,827 338,090 365,215 368,015 366,265 350,598 366,265 368,015 366,265 368,015 345,265 2,243,388- 2,362,466
Dividend 30% 141,783 144,896 156,521 157,721 156,971 150,256 156,971 157,721 156,971 157,721 147,971 1,012,486
124
Balance sheet in case of credit risk for 5 percent in year 5
2017 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 9,886,880 10,298,708 10,737,661 11,179,414 11,619,417 12,043,752 12,483,755 12,925,508 13,365,511 13,807,264 14,226,266 8,808,539
Total current asset 9,886,880 10,298,708 10,737,661 11,179,414 11,619,417 12,043,752 12,483,755 12,925,508 13,365,511 13,807,264 14,226,266 8,808,539
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 3,244,997 3,311,221 3,377,445 3,443,670 3,509,894 3,576,119 3,642,343 3,708,568 3,774,792 3,841,016 3,907,241 3,973,465
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 368,143 375,657 383,170 390,683 398,196 405,709 413,222 420,735 428,248 435,762 443,275 450,788
Total fixed asset 37,710,672 37,636,935 37,563,197 37,489,459 37,415,722 37,341,984 37,268,247 37,194,509 37,120,772 37,047,034 36,973,297 36,899,559
Total asset 47,597,552 47,935,643 48,300,858 48,668,873 49,035,139 49,385,736 49,752,002 50,120,017 50,486,282 50,854,298 51,199,563 45,708,098
Liabilities and Equity
Short-term liabilities 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 -
Long-term liabilities 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 7,450,276 7,788,366 8,153,582 8,521,597 8,887,862 9,238,460 9,604,725 9,972,741 10,339,006 10,707,021 11,052,287 8,808,898
Total Liabilities and Equity 47,597,552 47,935,643 48,300,858 48,668,873 49,035,139 49,385,737 49,752,002 50,120,017 50,486,282 50,854,298 51,199,563 45,708,098
Mee Sub Market
Balance Sheet
August 1, 2017 - July 31, 2018
125
Statement of cash flow in case of credit risk for 5 percent in year 5
2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 472,611 482,986 521,736 525,736 523,236 500,854 523,236 525,736 523,236 525,736 493,236 2,243,388-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 546,348 556,724 595,474 599,474 596,974 574,592 596,974 599,474 596,974 599,474 566,974 2,169,651-
Cash Flow from Investing
Net Cash Flow from investing - - - - - - - - - - - -
Cash Flow from Financing
Payment of debt - - - - - - - - - - - 3,248,077-
Cash dividend 141,783- 144,896- 156,521- 157,721- 156,971- 150,256- 156,971- 157,721- 156,971- 157,721- 147,971- -
Net Cash Flow from Financing 141,783- 144,896- 156,521- 157,721- 156,971- 150,256- 156,971- 157,721- 156,971- 157,721- 147,971- 3,248,077-
Net change in Cash 404,565 411,828 438,953 441,753 440,003 424,336 440,003 441,753 440,003 441,753 419,003 5,417,727-
Cash at beginning of period 9,482,315 9,886,880 10,298,708 10,737,661 11,179,414 11,619,417 12,043,752 12,483,755 12,925,508 13,365,511 13,807,264 14,226,266
Cash at end of period 9,886,880 10,298,708 10,737,661 11,179,414 11,619,417 12,043,752 12,483,755 12,925,508 13,365,511 13,807,264 14,226,266 8,808,539
Mee Sub Market
Statement of Cash Flow
Aug 1, 2017-July 31, 2018
126
If we meet credit risk for 10 percent, it will affect to decrease our revenue and profit as show in Income statement, Balance sheet and cash flow.
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul End of Period
Revenue
Revenue from lease 5,628,500 - - - - - - - - - - - 5,628,500
Revenue from renting stall - - - 523,341 523,341 523,341 523,341 496,341 496,341 496,341 496,341 496,341 4,575,069
Revenue from providing toilet 17,580 16,080 16,080 17,580 16,080 16,080 16,080 21,750 16,080 17,580 16,580 17,580 205,130
Revenue from ATM area renting - - - - 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 120,000
Total revenue 5,646,080 16,080 16,080 540,921 554,421 554,421 554,421 533,091 527,421 528,921 527,921 528,921 10,528,699
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Pre-operating expense 2,078,393 - - - - - - - - - - - 2,078,393
Marketing Expense 161,900 - - - - - - - - - - - 161,900
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 2,532,627 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 5,750,681
EBIT 3,113,453 272,254- 276,254- 252,587 262,087 239,705 262,087 244,757 235,087 240,587 235,587 240,587 4,778,018
Interest Expense - - - - - - - - - - - 2,604,132 2,604,132
Taxable income 3,113,453 272,254- 276,254- 252,587 262,087 239,705 262,087 244,757 235,087 240,587 235,587 2,363,545- 2,173,885
Taxes 20% - - - - - - - - - - - 434,777 434,777
Net Income 3,113,453 272,254- 276,254- 252,587 262,087 239,705 262,087 244,757 235,087 240,587 235,587 2,798,322- 1,739,108
Retain Earning 3,113,453 272,254- 276,254- 176,811 183,461 167,794 183,461 171,330 164,561 168,411 164,911 2,798,322- 1,217,376
Dividend 30% - - - 75,776 78,626 71,912 78,626 73,427 70,526 72,176 70,676 - 521,732
127
Balance sheet in case of credit risk for 10 percent in year 1
2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 13,265,584 13,067,067 12,864,551 13,115,100 13,372,298 13,613,829 13,871,028 14,116,095 14,354,394 14,596,543 14,835,191 9,537,825
Total current asset 13,265,584 13,067,067 12,864,551 13,115,100 13,372,298 13,613,829 13,871,028 14,116,095 14,354,394 14,596,543 14,835,191 9,537,825
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 66,224 132,449 198,673 264,898 331,122 397,347 463,571 529,795 596,020 662,244 728,469 794,693
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 7,513 15,026 22,539 30,053 37,566 45,079 52,592 60,105 67,618 75,131 82,644 90,158
Total fixed asset 41,250,074 41,176,337 41,102,599 41,028,862 40,955,124 40,881,387 40,807,649 40,733,912 40,660,174 40,586,437 40,512,699 40,438,961
Total asset 54,515,658 54,243,404 53,967,150 54,143,961 54,327,422 54,495,216 54,678,677 54,850,007 55,014,568 55,182,979 55,347,890 49,976,787
Liabilities and Equity
Short-term liabilities 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 -
Long-term liabilities 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 3,113,453 2,841,199 2,564,945 2,741,756 2,925,217 3,093,011 3,276,472 3,447,802 3,612,363 3,780,774 3,945,685 1,147,363
Total Liabilities and Equity 54,515,658 54,243,404 53,967,150 54,143,961 54,327,422 54,495,216 54,678,677 54,850,007 55,014,568 55,182,979 55,347,890 49,976,787
Mee Sub Market
Balance Sheet
August 1, 2013 - July 31, 2014
128
Cash Flow in case of credit risk for 10 percent in year 1
2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 3,113,453 272,254- 276,254- 252,587 262,087 239,705 262,087 244,757 235,087 240,587 235,587 2,798,322-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 3,187,191 198,516- 202,516- 326,325 335,825 313,443 335,825 318,495 308,825 314,325 309,325 2,724,585-
Cash Flow from Investing
Purchase land 25,000,000- - - - - - - - - - - -
Investment for building 15,893,860- - - - - - - - - - - -
Purchase equipment 429,952- - - - - - - - - - - -
Net Cash Flow from investing 41,323,812- - - - - - - - - - - -
Cash Flow from Financing
Payment of debt - - - - - - - - - - - 2,572,781-
Cash dividend - - - 75,776- 78,626- 71,912- 78,626- 73,427- 70,526- 72,176- 70,676- -
Net Cash Flow from Financing - - - 75,776- 78,626- 71,912- 78,626- 73,427- 70,526- 72,176- 70,676- 2,572,781-
Net change in Cash 38,136,621- 198,516- 202,516- 250,549 257,199 241,531 257,199 245,068 238,299 242,149 238,649 5,297,366-
Cash at beginning of period 51,402,205 13,265,584 13,067,067 12,864,551 13,115,100 13,372,298 13,613,829 13,871,028 14,116,095 14,354,394 14,596,543 14,835,191
Cash at end of period 13,265,584 13,067,067 12,864,551 13,115,100 13,372,298 13,613,829 13,871,028 14,116,095 14,354,394 14,596,543 14,835,191 9,537,825
Mee Sub Market
Statement of Cash Flow
Aug 1, 2013-July 31, 2014
129
Income Statement in case of credit risk for 10 percent in year 2
2014 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015 2015
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from lease 1,272,000 - - - - - - - - - - - 1,272,000
Revenue from renting stall 578,691 578,691 619,191 619,191 619,191 619,191 619,191 619,191 619,191 619,191 592,191 592,191 7,295,292
Revenue from providing toilet 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 192,960
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - - -
Total revenue 1,881,771 609,771 650,271 650,271 650,271 650,271 650,271 650,271 650,271 650,271 623,271 623,271 8,940,252
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 1,589,437 321,437 357,937 361,937 357,937 335,555 357,937 361,937 357,937 361,937 330,937 334,937 5,429,864
Interest Expense - - - - - - - - - - - 2,449,765 2,449,765
Taxable income 1,589,437 321,437 357,937 361,937 357,937 335,555 357,937 361,937 357,937 361,937 330,937 2,114,828- 2,980,098
Taxes - - - - - - - - - - - 596,020 596,020
Net Income 1,589,437 321,437 357,937 361,937 357,937 335,555 357,937 361,937 357,937 361,937 330,937 2,710,848- 2,384,079
Retain Earning 1,112,606 225,006 250,556 253,356 250,556 234,889 250,556 253,356 250,556 253,356 231,656 2,710,848- 1,668,855
Dividend 30% 476,831 96,431 107,381 108,581 107,381 100,667 107,381 108,581 107,381 108,581 99,281 715,224
130
Balance sheet in case of credit risk for 10 percent in year 2
2014 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 10,724,169 11,022,913 11,347,206 11,674,300 11,998,593 12,307,219 12,631,513 12,958,606 13,282,900 13,609,994 13,915,387 8,551,129
Total current asset 10,724,169 11,022,913 11,347,206 11,674,300 11,998,593 12,307,219 12,631,513 12,958,606 13,282,900 13,609,994 13,915,387 8,551,129
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 860,917 927,142 993,366 1,059,591 1,125,815 1,192,040 1,258,264 1,324,488 1,390,713 1,456,937 1,523,162 1,589,386
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 97,671 105,184 112,697 120,210 127,723 135,236 142,749 150,263 157,776 165,289 172,802 180,315
Total fixed asset 40,365,224 40,291,486 40,217,749 40,144,011 40,070,274 39,996,536 39,922,799 39,849,061 39,775,323 39,701,586 39,627,848 39,554,111
Total asset 51,089,393 51,314,399 51,564,955 51,818,311 52,068,867 52,303,755 52,554,311 52,807,667 53,058,223 53,311,579 53,543,235 48,105,240
Liabilities and Equity
Short-term liabilities 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 -
Long-term liabilities 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 2,259,969 2,484,975 2,735,531 2,988,887 3,239,443 3,474,331 3,724,887 3,978,243 4,228,799 4,482,155 4,713,811 2,002,963
Total Liabilities and Equity 51,089,393 51,314,399 51,564,955 51,818,311 52,068,867 52,303,755 52,554,311 52,807,667 53,058,223 53,311,579 53,543,235 48,105,240
Mee Sub Market
Balance Sheet
August 1, 2014 - July 31, 2015
131
Cash Flow in case of credit risk for 10 percent in year 2
2014 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 1,589,437 321,437 357,937 361,937 357,937 335,555 357,937 361,937 357,937 361,937 330,937 2,710,848-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 1,663,175 395,175 431,675 435,675 431,675 409,293 431,675 435,675 431,675 435,675 404,675 2,637,110-
Cash Flow from Investing
- - - - - - - - - - - - -
Cash Flow from Financing
Decrease in loan payable - - - - - - - - - - - 2,727,148-
Cash dividend 476,831- 96,431- 107,381- 108,581- 107,381- 100,667- 107,381- 108,581- 107,381- 108,581- 99,281- -
Net Cash Flow from Financing 476,831- 96,431- 107,381- 108,581- 107,381- 100,667- 107,381- 108,581- 107,381- 108,581- 99,281- 2,727,148-
Net change in Cash 1,186,344 298,744 324,294 327,094 324,294 308,626 324,294 327,094 324,294 327,094 305,394 5,364,258-
Cash at beginning of period 9,537,825 10,724,169 11,022,913 11,347,206 11,674,300 11,998,593 12,307,219 12,631,513 12,958,606 13,282,900 13,609,994 13,915,387
Cash at end of period 10,724,169 11,022,913 11,347,206 11,674,300 11,998,593 12,307,219 12,631,513 12,958,606 13,282,900 13,609,994 13,915,387 8,551,129
Mee Sub Market
Statement of Cash Flow
Aug 1, 2014-July 31, 2015
132
Income Statement in case of credit risk for 10 percent in year 3
2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016 2016
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from lease 1,134,500 - - - - - - - - - - - 1,134,500
Revenue from renting stall 666,819 666,819 707,319 707,319 707,319 707,319 707,319 707,319 707,319 707,319 680,319 680,319 8,352,828
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 28,000 28,000
Total revenue 1,833,899 697,899 738,399 738,399 739,899 739,899 739,899 738,399 739,899 738,399 711,399 741,349 9,897,738
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 1,541,565 409,565 446,065 450,065 447,565 425,183 447,565 450,065 447,565 450,065 419,065 453,015 6,387,350
Interest Expense - - - - - - - - - - - 2,286,137 2,286,137
Taxable income 1,541,565 409,565 446,065 450,065 447,565 425,183 447,565 450,065 447,565 450,065 419,065 1,833,121- 4,101,213
Taxes 20% - - - - - - - - - - - 820,243 820,243
Net Income 1,541,565 409,565 446,065 450,065 447,565 425,183 447,565 450,065 447,565 450,065 419,065 2,653,364- 3,280,970
Retain Earning 1,079,096 286,696 312,246 315,046 313,296 297,628 313,296 315,046 313,296 315,046 293,346 2,653,364- 2,296,679
Dividend 30% 462,470 122,870 133,820 135,020 134,270 127,555 134,270 135,020 134,270 135,020 125,720 984,291
133
Balance sheet in case of credit risk for 10 percent in year 3
2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 9,703,962 10,064,395 10,450,378 10,839,161 11,226,195 11,597,560 11,984,594 12,373,377 12,760,410 13,149,193 13,516,276 8,045,873
Total current asset 9,703,962 10,064,395 10,450,378 10,839,161 11,226,195 11,597,560 11,984,594 12,373,377 12,760,410 13,149,193 13,516,276 8,045,873
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 1,655,611 1,721,835 1,788,059 1,854,284 1,920,508 1,986,733 2,052,957 2,119,181 2,185,406 2,251,630 2,317,855 2,384,079
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 187,828 195,341 202,855 210,368 217,881 225,394 232,907 240,420 247,933 255,446 262,960 270,473
Total fixed asset 39,480,373 39,406,636 39,332,898 39,259,161 39,185,423 39,111,686 39,037,948 38,964,210 38,890,473 38,816,735 38,742,998 38,669,260
Total asset 49,184,335 49,471,031 49,783,276 50,098,322 50,411,618 50,709,246 51,022,541 51,337,587 51,650,883 51,965,928 52,259,274 46,715,133
Liabilities and Equity
Short-term liabilities 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 -
Long-term liabilities 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 3,082,059 3,368,755 3,681,000 3,996,046 4,309,341 4,606,970 4,920,265 5,235,311 5,548,606 5,863,652 6,156,998 3,503,633
Total Liabilities and Equity 49,184,335 49,471,031 49,783,276 50,098,322 50,411,618 50,709,246 51,022,541 51,337,587 51,650,883 51,965,928 52,259,274 46,715,133
Mee Sub Market
Balance Sheet
August 1, 2015 - July 31, 2016
134
Cash Flow in case of credit risk for 10 percent in year 3
2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 1,541,565฿ 409,565฿ 446,065฿ 450,065฿ 447,565฿ 425,183฿ 447,565฿ 450,065฿ 447,565฿ 450,065฿ 419,065฿ 2,653,364-฿
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 1,615,303 483,303 519,803 523,803 521,303 498,921 521,303 523,803 521,303 523,803 492,803 2,579,627-
Cash Flow from Investing
- - - - - - - - - - - - -
Cash Flow from Financing
Decrease in loan payable - - - - - - - - - - - 2,890,777-
Cash dividend 462,470- 122,870- 133,820- 135,020- 134,270- 127,555- 134,270- 135,020- 134,270- 135,020- 125,720- -
Net Cash Flow from Financing 462,470- 122,870- 133,820- 135,020- 134,270- 127,555- 134,270- 135,020- 134,270- 135,020- 125,720- 2,890,777-
Net change in Cash 1,152,833 360,433 385,983 388,783 387,033 371,366 387,033 388,783 387,033 388,783 367,083 5,470,403-
Cash at beginning of period 8,551,129 9,703,962 10,064,395 10,450,378 10,839,161 11,226,195 11,597,560 11,984,594 12,373,377 12,760,410 13,149,193 13,516,276
Cash at end of period 9,703,962 10,064,395 10,450,378 10,839,161 11,226,195 11,597,560 11,984,594 12,373,377 12,760,410 13,149,193 13,516,276 8,045,873
Mee Sub Market
Statement of Cash Flow
Aug 1, 2015-July 31, 2016
135
Income Statement in case of credit risk for 10 percent in year 4
2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from renting stall 680,319 680,319 720,819 720,819 720,819 720,819 720,819 720,819 720,819 720,819 693,819 693,819 8,514,828
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 30,000 30,000
Total revenue 712,899 711,399 751,899 751,899 753,399 753,399 753,399 751,899 753,399 751,899 724,899 756,849 8,927,238
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 420,565 423,065 459,565 463,565 461,065 438,683 461,065 463,565 461,065 463,565 432,565 468,515 5,416,850
Interest Expense - - - - - - - - - - - 2,112,690 2,112,690
Taxable income 420,565 423,065 459,565 463,565 461,065 438,683 461,065 463,565 461,065 463,565 432,565 1,644,175- 3,304,160
Taxes - - - - - - - - - - - 660,832 660,832
Net Income 420,565 423,065 459,565 463,565 461,065 438,683 461,065 463,565 461,065 463,565 432,565 2,305,007- 2,643,328
Retain Earning 294,396 296,146 321,696 324,496 322,746 307,078 322,746 324,496 322,746 324,496 302,796 2,305,007- 1,850,329
Dividend 30% 126,170 126,920 137,870 139,070 138,320 131,605 138,320 139,070 138,320 139,070 129,770 792,998
136
Balance sheet in case of credit risk for 10 percent in year 4
2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 8,414,006฿ 8,783,889฿ 9,179,322฿ 9,577,556฿ 9,974,039฿ 10,354,854฿ 10,751,338฿ 11,149,571฿ 11,546,054฿ 11,944,287฿ 12,320,820฿ 7,025,328฿
Total current asset 8,414,006 8,783,889 9,179,322 9,577,556 9,974,039 10,354,854 10,751,338 11,149,571 11,546,054 11,944,287 12,320,820 7,025,328
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 2,450,304 2,516,528 2,582,752 2,648,977 2,715,201 2,781,426 2,847,650 2,913,874 2,980,099 3,046,323 3,112,548 3,178,772
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 277,986 285,499 293,012 300,525 308,038 315,551 323,065 330,578 338,091 345,604 353,117 360,630
Total fixed asset 38,595,523 38,521,785 38,448,048 38,374,310 38,300,572 38,226,835 38,153,097 38,079,360 38,005,622 37,931,885 37,858,147 37,784,410
Total asset 47,009,529 47,305,674 47,627,370 47,951,866 48,274,611 48,581,689 48,904,435 49,228,931 49,551,676 49,876,172 50,178,967 44,809,737
Liabilities and Equity
Short-term liabilities 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 -
Long-term liabilities 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 3,798,029 4,094,175 4,415,870 4,740,366 5,063,111 5,370,190 5,692,935 6,017,431 6,340,176 6,664,672 6,967,468 4,662,461
Total Liabilities and Equity 47,009,529 47,305,674 47,627,370 47,951,866 48,274,611 48,581,689 48,904,435 49,228,931 49,551,676 49,876,172 50,178,967 44,809,737
Mee Sub Market
Balance Sheet
August 1, 2016 - July 31, 2017
137
Cash Flow in case of credit risk for 10 percent in year 4
2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017
Year4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 420,565฿ 423,065฿ 459,565฿ 463,565฿ 461,065฿ 438,683฿ 461,065฿ 463,565฿ 461,065฿ 463,565฿ 432,565฿ 2,305,007-฿
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 494,303 496,803 533,303 537,303 534,803 512,421 534,803 537,303 534,803 537,303 506,303 2,231,269-
Cash Flow from Investing
- - - - - - - - - - - - -
Cash Flow from Financing
Decrease in loan payable - - - - - - - - - - - 3,064,223-
Cash dividend 126,170- 126,920- 137,870- 139,070- 138,320- 131,605- 138,320- 139,070- 138,320- 139,070- 129,770- -
Net Cash Flow from Financing 126,170- 126,920- 137,870- 139,070- 138,320- 131,605- 138,320- 139,070- 138,320- 139,070- 129,770- 3,064,223-
Net change in Cash 368,133 369,883 395,433 398,233 396,483 380,816 396,483 398,233 396,483 398,233 376,533 5,295,492-
Cash at beginning of period 8,045,873 8,414,006 8,783,889 9,179,322 9,577,556 9,974,039 10,354,854 10,751,338 11,149,571 11,546,054 11,944,287 12,320,820
Cash at end of period 8,414,006 8,783,889 9,179,322 9,577,556 9,974,039 10,354,854 10,751,338 11,149,571 11,546,054 11,944,287 12,320,820 7,025,328
Mee Sub Market
Statement of Cash Flow
Aug 1, 2016-July 31, 2017
138
Income Statement in case of credit risk for 10 percent in year 5
2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from renting stall 693,819 701,280 741,780 741,780 741,780 741,780 741,780 741,780 741,780 741,780 714,780 714,780 8,758,899
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 30,000 30,000
Total revenue 726,399 732,360 772,860 772,860 774,360 774,360 774,360 772,860 774,360 772,860 745,860 777,810 9,171,309
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 434,065 444,026 480,526 484,526 482,026 459,644 482,026 484,526 482,026 484,526 453,526 489,476 5,660,921
Interest Expense - - - - - - - - - - - 1,928,837 1,928,837
Taxable income 434,065 444,026 480,526 484,526 482,026 459,644 482,026 484,526 482,026 484,526 453,526 1,439,360- 3,732,084
Taxes 20% - - - - - - - - - - - 746,417 746,417
Net Income 434,065 444,026 480,526 484,526 482,026 459,644 482,026 484,526 482,026 484,526 453,526 2,185,777- 2,985,667
Retain Earning 303,846 310,818 336,368 339,168 337,418 321,751 337,418 339,168 337,418 339,168 317,468 2,185,777- 2,089,967
Dividend 30% 130,220 133,208 144,158 145,358 144,608 137,893 144,608 145,358 144,608 145,358 136,058 895,700
139
Balance sheet in case of credit risk for 10 percent in year 5
2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 7,402,911฿ 7,787,467฿ 8,197,573฿ 8,610,478฿ 9,021,634฿ 9,417,123฿ 9,828,279฿ 10,241,184฿ 10,652,340฿ 11,065,246฿ 11,456,452฿ 6,096,336฿
Total current asset 7,402,911 7,787,467 8,197,573 8,610,478 9,021,634 9,417,123 9,828,279 10,241,184 10,652,340 11,065,246 11,456,452 6,096,336
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 3,244,997 3,311,221 3,377,445 3,443,670 3,509,894 3,576,119 3,642,343 3,708,568 3,774,792 3,841,016 3,907,241 3,973,465
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 368,143 375,657 383,170 390,683 398,196 405,709 413,222 420,735 428,248 435,762 443,275 450,788
Total fixed asset 37,710,672 37,636,935 37,563,197 37,489,459 37,415,722 37,341,984 37,268,247 37,194,509 37,120,772 37,047,034 36,973,297 36,899,559
Total asset 45,113,583 45,424,401 45,760,769 46,099,938 46,437,356 46,759,107 47,096,525 47,435,694 47,773,112 48,112,280 48,429,748 42,995,895
Liabilities and Equity
Short-term liabilities 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 -
Long-term liabilities 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 4,966,306 5,277,125 5,613,493 5,952,661 6,290,080 6,611,831 6,949,249 7,288,417 7,625,835 7,965,004 8,282,472 6,096,695
Total Liabilities and Equity 45,113,583 45,424,401 45,760,769 46,099,938 46,437,356 46,759,107 47,096,525 47,435,694 47,773,112 48,112,280 48,429,748 42,995,895
Mee Sub Market
Balance Sheet
August 1, 2017 - July 31, 2018
140
Cash Flow in case of credit risk for 10 percent in year 5
2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018
Year5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 434,065฿ 444,026฿ 480,526฿ 484,526฿ 482,026฿ 459,644฿ 482,026฿ 484,526฿ 482,026฿ 484,526฿ 453,526฿ 2,185,777-฿
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 507,803 517,764 554,264 558,264 555,764 533,382 555,764 558,264 555,764 558,264 527,264 2,112,040-
Cash Flow from Investing
- - - - - - - - - - - - -
Cash Flow from Financing
Decrease in loan payable - - - - - - - - - - - 3,248,077-
Cash dividend 130,220- 133,208- 144,158- 145,358- 144,608- 137,893- 144,608- 145,358- 144,608- 145,358- 136,058- -
Net Cash Flow from Financing 130,220- 133,208- 144,158- 145,358- 144,608- 137,893- 144,608- 145,358- 144,608- 145,358- 136,058- 3,248,077-
Net change in Cash 377,583 384,556 410,106 412,906 411,156 395,489 411,156 412,906 411,156 412,906 391,206 5,360,116-
Cash at beginning of period 7,025,328 7,402,911 7,787,467 8,197,573 8,610,478 9,021,634 9,417,123 9,828,279 10,241,184 10,652,340 11,065,246 11,456,452
Cash at end of period 7,402,911 7,787,467 8,197,573 8,610,478 9,021,634 9,417,123 9,828,279 10,241,184 10,652,340 11,065,246 11,456,452 6,096,336
Mee Sub Market
Statement of Cash Flow
Aug 1, 2017-July 31, 2018
141
If we meet credit risk for 15 percent, it will affect to decrease our revenue and profit as show in Income statement, Balance sheet and cash flow.
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul End of Period
Revenue
Revenue from lease 5,628,500 - - - - - - - - - - - 5,628,500
Revenue from renting stall - - - 494,267 494,267 494,267 494,267 468,767 468,767 468,767 468,767 468,767 4,320,899
Revenue from providing toilet 17,580 16,080 16,080 17,580 16,080 16,080 16,080 21,750 16,080 17,580 16,580 17,580 205,130
Revenue from ATM area renting - - - - 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 120,000
Total revenue 5,646,080 16,080 16,080 511,847 525,347 525,347 525,347 505,517 499,847 501,347 500,347 501,347 10,274,529
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Pre-operating expense 2,078,393 - - - - - - - - - - - 2,078,393
Marketing Expense 161,900 - - - - - - - - - - - 161,900
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 2,532,627 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 5,750,681
EBIT 3,113,453 272,254- 276,254- 223,513 233,013 210,631 233,013 217,183 207,513 213,013 208,013 213,013 4,523,847
Interest Expense - - - - - - - - - - - 2,604,132 2,604,132
Taxable income 3,113,453 272,254- 276,254- 223,513 233,013 210,631 233,013 217,183 207,513 213,013 208,013 2,391,120- 1,919,715
Taxes 20% - - - - - - - - - - - 383,943 383,943
Net Income 3,113,453 272,254- 276,254- 223,513 233,013 210,631 233,013 217,183 207,513 213,013 208,013 2,775,063- 1,535,772
Retain Earning 3,113,453 272,254- 276,254- 156,459 163,109 147,442 163,109 152,028 145,259 149,109 145,609 2,775,063- 1,075,040
Dividend 30% - - - 67,054 69,904 63,189 69,904 65,155 62,254 63,904 62,404 - 460,732
142
Balance sheet in case of credit risk for 15 percent in year 1
2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 13,265,584 13,067,067 12,864,551 13,094,747 13,331,594 13,552,773 13,789,619 14,015,385 14,234,381 14,457,227 14,676,574 9,402,468
Total current asset 13,265,584 13,067,067 12,864,551 13,094,747 13,331,594 13,552,773 13,789,619 14,015,385 14,234,381 14,457,227 14,676,574 9,402,468
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 66,224 132,449 198,673 264,898 331,122 397,347 463,571 529,795 596,020 662,244 728,469 794,693
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 7,513 15,026 22,539 30,053 37,566 45,079 52,592 60,105 67,618 75,131 82,644 90,158
Total fixed asset 41,250,074 41,176,337 41,102,599 41,028,862 40,955,124 40,881,387 40,807,649 40,733,912 40,660,174 40,586,437 40,512,699 40,438,961
Total asset 54,515,658 54,243,404 53,967,150 54,123,609 54,286,718 54,434,160 54,597,268 54,749,296 54,894,555 55,043,664 55,189,273 49,841,429
Liabilities and Equity
Short-term liabilities 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 2,572,781 -
Long-term liabilities 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424 40,829,424
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 3,113,453 2,841,199 2,564,945 2,721,404 2,884,513 3,031,955 3,195,063 3,347,091 3,492,350 3,641,459 3,787,068 1,012,005
Total Liabilities and Equity 54,515,658 54,243,404 53,967,150 54,123,609 54,286,718 54,434,160 54,597,268 54,749,296 54,894,555 55,043,664 55,189,273 49,841,429
Mee Sub Market
Balance Sheet
August 1, 2013 - July 31, 2014
143
Cash Flow in case of credit risk for 15 percent in year 1
2013 2013 2013 2013 2013 2014 2014 2014 2014 2014 2014 2014
Year 1 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 3,113,453 272,254- 276,254- 223,513 233,013 210,631 233,013 217,183 207,513 213,013 208,013 2,775,063-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 3,187,191 198,516- 202,516- 297,250 306,750 284,368 306,750 290,920 281,250 286,750 281,750 2,701,325-
Cash Flow from Investing
Purchase land 25,000,000- - - - - - - - - - - -
Investment for building 15,893,860- - - - - - - - - - - -
Purchase equipment 429,952- - - - - - - - - - - -
Net Cash Flow from investing 41,323,812- - - - - - - - - - - -
Cash Flow from Financing
Payment of debt - - - - - - - - - - - 2,572,781-
Cash dividend - - - 67,054- 69,904- 63,189- 69,904- 65,155- 62,254- 63,904- 62,404- -
Net Cash Flow from Financing - - - 67,054- 69,904- 63,189- 69,904- 65,155- 62,254- 63,904- 62,404- 2,572,781-
Net change in Cash 38,136,621- 198,516- 202,516- 230,196 236,846 221,179 236,846 225,765 218,996 222,846 219,346 5,274,106-
Cash at beginning of period 51,402,205 13,265,584 13,067,067 12,864,551 13,094,747 13,331,594 13,552,773 13,789,619 14,015,385 14,234,381 14,457,227 14,676,574
Cash at end of period 13,265,584 13,067,067 12,864,551 13,094,747 13,331,594 13,552,773 13,789,619 14,015,385 14,234,381 14,457,227 14,676,574 9,402,468
Mee Sub Market
Statement of Cash Flow
Aug 1, 2013-July 31, 2014
144
Income Statement in case of credit risk for 15 percent in year 2
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Total
Revenue
Revenue from lease 1,272,000 - - - - - - - - - - - 1,272,000
Revenue from renting stall 546,542 546,542 584,792 584,792 584,792 584,792 584,792 584,792 584,792 584,792 559,292 559,292 6,889,998
Revenue from providing toilet 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 16,080 192,960
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - - -
Total revenue 1,849,622 577,622 615,872 615,872 615,872 615,872 615,872 615,872 615,872 615,872 590,372 590,372 8,534,958
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 1,557,288 289,288 323,538 327,538 323,538 301,156 323,538 327,538 323,538 327,538 298,038 302,038 5,024,570
Interest Expense - - - - - - - - - - - 2,449,765 2,449,765
Taxable income 1,557,288 289,288 323,538 327,538 323,538 301,156 323,538 327,538 323,538 327,538 298,038 2,147,728- 2,574,804
Taxes - - - - - - - - - - - 514,961 514,961
Net Income 1,557,288 289,288 323,538 327,538 323,538 301,156 323,538 327,538 323,538 327,538 298,038 2,662,689- 2,059,843
Retain Earning 1,090,101 202,501 226,476 229,276 226,476 210,809 226,476 229,276 226,476 229,276 208,626 2,662,689- 1,441,890
Dividend 30% 467,186 86,786 97,061 98,261 97,061 90,347 97,061 98,261 97,061 98,261 89,411 617,953
145
Balance sheet in case of credit risk for 15 percent in year 2
2014 2014 2014 2014 2014 2015 2015 2015 2015 2015 2015 2015
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 10,566,307 10,842,546 11,142,760 11,445,773 11,745,987 12,030,534 12,330,748 12,633,762 12,933,976 13,236,989 13,519,353 8,203,254
Total current asset 10,566,307 10,842,546 11,142,760 11,445,773 11,745,987 12,030,534 12,330,748 12,633,762 12,933,976 13,236,989 13,519,353 8,203,254
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 860,917 927,142 993,366 1,059,591 1,125,815 1,192,040 1,258,264 1,324,488 1,390,713 1,456,937 1,523,162 1,589,386
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 97,671 105,184 112,697 120,210 127,723 135,236 142,749 150,263 157,776 165,289 172,802 180,315
Total fixed asset 40,365,224 40,291,486 40,217,749 40,144,011 40,070,274 39,996,536 39,922,799 39,849,061 39,775,323 39,701,586 39,627,848 39,554,111
Total asset 50,931,531 51,134,032 51,360,508 51,589,785 51,816,261 52,027,070 52,253,546 52,482,823 52,709,299 52,938,575 53,147,202 47,757,365
Liabilities and Equity
Short-term liabilities 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 2,727,148 -
Long-term liabilities 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276 38,102,276
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 2,102,106 2,304,608 2,531,084 2,760,361 2,986,837 3,197,646 3,424,122 3,653,399 3,879,875 4,109,151 4,317,778 1,655,089
Total Liabilities and Equity 50,931,531 51,134,032 51,360,508 51,589,785 51,816,261 52,027,070 52,253,546 52,482,823 52,709,299 52,938,575 53,147,202 47,757,365
Mee Sub Market
Balance Sheet
August 1, 2014 - July 31, 2015
146
Cash Flow in case of credit risk for 15 percent in year 2
2,014.00 2,014.00 2,014.00 2,014.00 2,014.00 2,015.00 2,015.00 2,015.00 2,015.00 2,015.00 2,015.00 2,015.00
Year 2 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 1,557,288 289,288 323,538 327,538 323,538 301,156 323,538 327,538 323,538 327,538 298,038 2,662,689-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 1,631,025 363,025 397,275 401,275 397,275 374,893 397,275 401,275 397,275 401,275 371,775 2,588,951-
Cash Flow from Investing
Net Cash Flow from investing - - - - - - - - - - - -
Cash Flow from Financing
Decrease in loan payable - - - - - - - - - - - 2,727,148-
Cash dividend 467,186- 86,786- 97,061- 98,261- 97,061- 90,347- 97,061- 98,261- 97,061- 98,261- 89,411- -
Net Cash Flow from Financing 467,186- 86,786- 97,061- 98,261- 97,061- 90,347- 97,061- 98,261- 97,061- 98,261- 89,411- 2,727,148-
Net change in Cash 1,163,839 276,239 300,214 303,014 300,214 284,547 300,214 303,014 300,214 303,014 282,364 5,316,099-
Cash at beginning of period 9,402,468 10,566,307 10,842,546 11,142,760 11,445,773 11,745,987 12,030,534 12,330,748 12,633,762 12,933,976 13,236,989 13,519,353
Cash at end of period 10,566,307 10,842,546 11,142,760 11,445,773 11,745,987 12,030,534 12,330,748 12,633,762 12,933,976 13,236,989 13,519,353 8,203,254
Mee Sub Market
Statement of Cash Flow
Aug 1, 2014-July 31, 2015
147
Income Statement in case of credit risk for 15 percent in year 3
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul End of Period
Revenue
Revenue from lease 1,134,500 - - - - - - - - - - - 1,134,500
Revenue from renting stall 629,774 629,774 668,024 668,024 668,024 668,024 668,024 668,024 668,024 668,024 642,524 642,524 7,888,782
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 28,000 28,000
Total revenue 1,796,854 660,854 699,104 699,104 700,604 700,604 700,604 699,104 700,604 699,104 673,604 703,554 9,433,692
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 1,504,520 372,520 406,770 410,770 408,270 385,888 408,270 410,770 408,270 410,770 381,270 415,220 5,923,304
Interest Expense - - - - - - - - - - - 2,286,137 2,286,137
Taxable income 1,504,520 372,520 406,770 410,770 408,270 385,888 408,270 410,770 408,270 410,770 381,270 1,870,917- 3,637,167
Taxes - - - - - - - - - - - 727,433 727,433
Net Income 1,504,520 372,520 406,770 410,770 408,270 385,888 408,270 410,770 408,270 410,770 381,270 2,598,350- 2,909,734
Retain Earning 1,053,164 260,764 284,739 287,539 285,789 270,121 285,789 287,539 285,789 287,539 266,889 2,598,350- 2,036,814
Dividend 30% 451,356 111,756 122,031 123,231 122,481 115,766 122,481 123,231 122,481 123,231 114,381 872,920
148
Balance sheet in case of credit risk for 15 percent in year 3
2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 9,330,156 9,664,657 10,023,133 10,384,410 10,743,936 11,087,795 11,447,321 11,808,597 12,168,124 12,529,400 12,870,026 7,454,637
Total current asset 9,330,156 9,664,657 10,023,133 10,384,410 10,743,936 11,087,795 11,447,321 11,808,597 12,168,124 12,529,400 12,870,026 7,454,637
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 1,655,611 1,721,835 1,788,059 1,854,284 1,920,508 1,986,733 2,052,957 2,119,181 2,185,406 2,251,630 2,317,855 2,384,079
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 187,828 195,341 202,855 210,368 217,881 225,394 232,907 240,420 247,933 255,446 262,960 270,473
Total fixed asset 39,480,373 39,406,636 39,332,898 39,259,161 39,185,423 39,111,686 39,037,948 38,964,210 38,890,473 38,816,735 38,742,998 38,669,260
Total asset 48,810,529 49,071,293 49,356,031 49,643,570 49,929,359 50,199,480 50,485,269 50,772,808 51,058,597 51,346,135 51,613,024 46,123,897
Liabilities and Equity
Short-term liabilities 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 2,890,777 -
Long-term liabilities 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500 35,211,500
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 2,708,253 2,969,016 3,253,755 3,541,294 3,827,083 4,097,204 4,382,993 4,670,532 4,956,320 5,243,859 5,510,748 2,912,397
Total Liabilities and Equity 48,810,529 49,071,293 49,356,031 49,643,570 49,929,359 50,199,480 50,485,269 50,772,808 51,058,597 51,346,135 51,613,024 46,123,897
Mee Sub Market
Balance Sheet
August 1, 2015 - July 31, 2016
149
Cash Flow in case of credit risk for 15 percent in year 3
2015 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016
Year 3 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 1,504,520 372,520 406,770 410,770 408,270 385,888 408,270 410,770 408,270 410,770 381,270 2,598,350-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 1,578,257 446,257 480,507 484,507 482,007 459,625 482,007 484,507 482,007 484,507 455,007 2,524,613-
Cash Flow from Investing
Net Cash Flow from investing - - - - - - - - - - - -
Cash Flow from Financing
Payment of debt - - - - - - - - - - - 2,890,777-
Cash dividend 451,356- 111,756- 122,031- 123,231- 122,481- 115,766- 122,481- 123,231- 122,481- 123,231- 114,381- -
Net Cash Flow from Financing 451,356- 111,756- 122,031- 123,231- 122,481- 115,766- 122,481- 123,231- 122,481- 123,231- 114,381- 2,890,777-
Net change in Cash 1,126,901 334,501 358,476 361,276 359,526 343,859 359,526 361,276 359,526 361,276 340,626 5,415,389-
Cash at beginning of period 8,203,254 9,330,156 9,664,657 10,023,133 10,384,410 10,743,936 11,087,795 11,447,321 11,808,597 12,168,124 12,529,400 12,870,026
Cash at end of period 9,330,156 9,664,657 10,023,133 10,384,410 10,743,936 11,087,795 11,447,321 11,808,597 12,168,124 12,529,400 12,870,026 7,454,637
Mee Sub Market
Statement of Cash Flow
Aug 1, 2015-July 31, 2016
150
Income Statement in case of credit risk for 15 percent in year 4
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul End of Period
Revenue
Revenue from renting stall 642,524 642,524 680,774 680,774 680,774 680,774 680,774 680,774 680,774 680,774 655,274 655,274 8,041,782
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 30,000 30,000
Total revenue 675,104 673,604 711,854 711,854 713,354 713,354 713,354 711,854 713,354 711,854 686,354 718,304 8,454,192
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 382,770 385,270 419,520 423,520 421,020 398,638 421,020 423,520 421,020 423,520 394,020 429,970 4,943,804
Interest Expense - - - - - - - - - - - 2,112,690 2,112,690
Taxable income 382,770 385,270 419,520 423,520 421,020 398,638 421,020 423,520 421,020 423,520 394,020 1,682,720- 2,831,114
Taxes - - - - - - - - - - - 566,223 566,223
Net Income 382,770 385,270 419,520 423,520 421,020 398,638 421,020 423,520 421,020 423,520 394,020 2,248,943- 2,264,891
Retain Earning 267,939 269,689 293,664 296,464 294,714 279,046 294,714 296,464 294,714 296,464 275,814 2,248,943- 1,585,424
Dividend 30% 114,831 115,581 125,856 127,056 126,306 119,591 126,306 127,056 126,306 127,056 118,206 679,467
151
Balance sheet in case of credit risk for 15 percent in year 4
2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 7,796,313 8,139,739 8,507,141 8,877,342 9,245,793 9,598,577 9,967,029 10,337,230 10,705,681 11,075,882 11,425,434 6,186,005
Total current asset 7,796,313 8,139,739 8,507,141 8,877,342 9,245,793 9,598,577 9,967,029 10,337,230 10,705,681 11,075,882 11,425,434 6,186,005
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 2,450,304 2,516,528 2,582,752 2,648,977 2,715,201 2,781,426 2,847,650 2,913,874 2,980,099 3,046,323 3,112,548 3,178,772
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 277,986 285,499 293,012 300,525 308,038 315,551 323,065 330,578 338,091 345,604 353,117 360,630
Total fixed asset 38,595,523 38,521,785 38,448,048 38,374,310 38,300,572 38,226,835 38,153,097 38,079,360 38,005,622 37,931,885 37,858,147 37,784,410
Total asset 46,391,836 46,661,525 46,955,188 47,251,652 47,546,366 47,825,412 48,120,126 48,416,590 48,711,303 49,007,767 49,283,581 43,970,415
Liabilities and Equity
Short-term liabilities 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 3,064,223 -
Long-term liabilities 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276 32,147,276
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 3,180,336 3,450,025 3,743,689 4,040,152 4,334,866 4,613,913 4,908,626 5,205,090 5,499,804 5,796,267 6,072,081 3,823,138
Total Liabilities and Equity 46,391,836 46,661,525 46,955,188 47,251,652 47,546,366 47,825,412 48,120,126 48,416,590 48,711,303 49,007,767 49,283,581 43,970,415
Mee Sub Market
Balance Sheet
August 1, 2016 - July 31, 2017
152
Cash Flow in case of credit risk for 15 percent in year 4
2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017
Year 4 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 382,770 385,270 419,520 423,520 421,020 398,638 421,020 423,520 421,020 423,520 394,020 2,248,943-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 456,507 459,007 493,257 497,257 494,757 472,375 494,757 497,257 494,757 497,257 467,757 2,175,206-
Cash Flow from Investing
Net Cash Flow from investing - - - - - - - - - - - -
Cash Flow from Financing
Payment of debt - - - - - - - - - - - 3,064,223-
Cash dividend 114,831- 115,581- 125,856- 127,056- 126,306- 119,591- 126,306- 127,056- 126,306- 127,056- 118,206- -
Net Cash Flow from Financing 114,831- 115,581- 125,856- 127,056- 126,306- 119,591- 126,306- 127,056- 126,306- 127,056- 118,206- 3,064,223-
Net change in Cash 341,676 343,426 367,401 370,201 368,451 352,784 368,451 370,201 368,451 370,201 349,551 5,239,429-
Cash at beginning of period 7,454,637 7,796,313 8,139,739 8,507,141 8,877,342 9,245,793 9,598,577 9,967,029 10,337,230 10,705,681 11,075,882 11,425,434
Cash at end of period 7,796,313 8,139,739 8,507,141 8,877,342 9,245,793 9,598,577 9,967,029 10,337,230 10,705,681 11,075,882 11,425,434 6,186,005
Mee Sub Market
Statement of Cash Flow
Aug 1, 2016-July 31, 2017
153
Income Statement in case of credit risk for 15 percent in year 5
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul End of Period
Revenue
Revenue from renting stall 655,274 662,320 700,570 700,570 700,570 700,570 700,570 700,570 700,570 700,570 675,070 675,070 8,272,294
Revenue from providing toilet 17,580 16,080 16,080 16,080 17,580 17,580 17,580 16,080 17,580 16,080 16,080 18,030 202,410
Revenue from ATM area renting 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Revenue from area renting - - - - - - - - - - - 30,000 30,000
Total revenue 687,854 693,400 731,650 731,650 733,150 733,150 733,150 731,650 733,150 731,650 706,150 738,100 8,684,704
Expense
Administrative expense
Employee salary 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 66,000 792,000
Social Security 640 640 640 640 640 640 640 640 640 640 640 640 7,680
Sign bord Tax - - - - - 7,200 - - - - - - 7,200
House and building Tax - - - - - 9,984 - - - - - - 9,984
Permit of fresh Market establishment - - - - - 2,000 - - - - - - 2,000
Electricity expense 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 71,005 852,062
Water expense 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 48,626 583,511
Internet and Telephone expense 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 1,165 13,983
Garbrage fees 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
Solid Waste Expenses 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 4,000 - 24,000
Fire Insurance - - - - - 7,198 - - - - - - 7,198
Cleaning Fresh Market 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Miscellaneous expense 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 84,000
Toxin Assays 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 12,360 148,320
Total Administrative expense 218,596 214,596 218,596 214,596 218,596 240,978 218,596 214,596 218,596 214,596 218,596 214,596 2,625,538
Depreciation expense 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 884,851
Total expense 292,334 288,334 292,334 288,334 292,334 314,716 292,334 288,334 292,334 288,334 292,334 288,334 3,510,388
EBIT 395,520 405,066 439,316 443,316 440,816 418,434 440,816 443,316 440,816 443,316 413,816 449,766 5,174,315
Interest Expense - - - - - - - - - - - 1,928,837 1,928,837
Taxable income 395,520 405,066 439,316 443,316 440,816 418,434 440,816 443,316 440,816 443,316 413,816 1,479,070- 3,245,479
Taxes - - - - - - - - - - - 649,096 649,096
Net Income 395,520 405,066 439,316 443,316 440,816 418,434 440,816 443,316 440,816 443,316 413,816 2,128,166- 2,596,383
Retain Earning 276,864 283,546 307,521 310,321 308,571 292,904 308,571 310,321 308,571 310,321 289,671 2,128,166- 1,817,468
Dividend 30% 118,656 121,520 131,795 132,995 132,245 125,530 132,245 132,995 132,245 132,995 124,145 778,915
154
Balance sheet in case of credit risk for 15 percent in year 5
2017 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Asset
Current Asset
Cash 6,536,606 6,893,890 7,275,149 7,659,208 8,041,517 8,408,158 8,790,467 9,174,526 9,556,835 9,940,893 10,304,302 5,001,797
Total current asset 6,536,606 6,893,890 7,275,149 7,659,208 8,041,517 8,408,158 8,790,467 9,174,526 9,556,835 9,940,893 10,304,302 5,001,797
Fixed Asset
Land 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000
Building 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860 15,893,860
Accumulated depreciation-Building 3,244,997 3,311,221 3,377,445 3,443,670 3,509,894 3,576,119 3,642,343 3,708,568 3,774,792 3,841,016 3,907,241 3,973,465
Equipment 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952 429,952
Accumulated depreciation-Equipment 368,143 375,657 383,170 390,683 398,196 405,709 413,222 420,735 428,248 435,762 443,275 450,788
Total fixed asset 37,710,672 37,636,935 37,563,197 37,489,459 37,415,722 37,341,984 37,268,247 37,194,509 37,120,772 37,047,034 36,973,297 36,899,559
Total asset 44,247,278 44,530,825 44,838,346 45,148,667 45,457,238 45,750,142 46,058,714 46,369,035 46,677,606 46,987,928 47,277,599 41,901,356
Liabilities and Equity
Short-term liabilities 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 3,248,077 -
Long-term liabilities 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200 28,899,200
Owner's capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Retained earning 4,100,002 4,383,548 4,691,069 5,001,391 5,309,962 5,602,866 5,911,437 6,221,759 6,530,330 6,840,651 7,130,322 5,002,156
Total Liabilities and Equity 44,247,278 44,530,825 44,838,346 45,148,667 45,457,238 45,750,142 46,058,714 46,369,035 46,677,606 46,987,928 47,277,599 41,901,356
Mee Sub Market
Balance Sheet
August 1, 2017 - July 31, 2018
155
Cash Flow in case of credit risk for 15 percent in year 5
2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018
Year 5 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Net Income 395,520 405,066 439,316 443,316 440,816 418,434 440,816 443,316 440,816 443,316 413,816 2,128,166-
Cash Flow from Operating
Depreciation 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738 73,738
Net Cash Flow from Operating 469,257 478,804 513,054 517,054 514,554 492,172 514,554 517,054 514,554 517,054 487,554 2,054,429-
Cash Flow from Investing
Net Cash Flow from investing - - - - - - - - - - - -
Cash Flow from Financing
Payment of debt - - - - - - - - - - - 3,248,077-
Cash dividend 118,656- 121,520- 131,795- 132,995- 132,245- 125,530- 132,245- 132,995- 132,245- 132,995- 124,145- -
Net Cash Flow from Financing 118,656- 121,520- 131,795- 132,995- 132,245- 125,530- 132,245- 132,995- 132,245- 132,995- 124,145- 3,248,077-
Net change in Cash 350,601 357,284 381,259 384,059 382,309 366,642 382,309 384,059 382,309 384,059 363,409 5,302,505-
Cash at beginning of period 6,186,005 6,536,606 6,893,890 7,275,149 7,659,208 8,041,517 8,408,158 8,790,467 9,174,526 9,556,835 9,940,893 10,304,302
Cash at end of period 6,536,606 6,893,890 7,275,149 7,659,208 8,041,517 8,408,158 8,790,467 9,174,526 9,556,835 9,940,893 10,304,302 5,001,797
Mee Sub Market
Statement of Cash Flow
Aug 1, 2017-July 31, 2018
156
The policy for reducing risk
According to the risk table shows the percentage of the risk between 5%-15%, which
the number is from hold on credit. As the calculation on financial statement shows the
maximum of 15% risk which the firm can be accepted and still can run the business. From this
situation, the firm can reduce the risk to be less than 15% or equal by setting the policy up; if
the retailer who rents the stall and has not made a payment for 2months (on credit), he/she must
leave the stall at the end of that month but if the retailer has 2 months on credit, and he/she can
make the payment only 1 month (in this case the firm can be accepted).
Risk assessment
Risk assessment is an important process in the risk management. This method is to
considerate the risk factors, In order to assess the opportunity and the effect from that risk. All
risk factors come from both inside and outside the business.
Risk Probability Effect Total
1 2 3 4 5 1 2 3 4 5
Financial Risk x x 8
Operational Risk x x 6
Strategic Risk x x 4
Compliance Risk x x 3
Credit Risk x x 8
Economic Risk x x 6
Social Risk x x 2
Environment Risk x x 6
Competitor Risk x x 4
From the table, the risks that are the most influence to our business are financial risk
and credit risk. In order to avoid these risks, our company needs to have a good management
team to plan and solve these problems.
Chapter 8
Summary
158
Summary
According to change in economy and society that encourage the expansion of trade,
lead many type of market. For the fresh market, it is the place where people trade the raw
material used in cooking both fresh food and dry food.
In Thailand especially in Chiang Rai province, the fresh market can be found in the
crowed area of the community. This can cause many effect such as environment effect, traffic
jam effect, etc. From the research in Mueng, Chiang Rai, there are many fresh markets which
suffer with the above problems. Due to the increasing number of the population, it leads to an
increasing in the need of food of people.
Moreover, we found that people in Chiang Rai living as a single family and still prepare
the meal in the household. So, the fresh market still is an alternative for people to purchase
goods. It is show that, fresh market business is a good opportunities to make an investment.
Because it is required to meet the customer's need.
Environment Feasibility Analysis summary
Mee Sub Market located in the community area on the bypass. It is close to the
government office, school, university and the airport. The market receives the good support
from the government sector for a facilities and service. From the preliminary survey found that,
there is an increasing of housing estate. It means that in this area will become popular and
crowd community in the future. Mee Sub market will be the first choice of customer to
purchase products.
As mention above, there was a feasible opportunities to make and investment in this
kind of business.
Marketing Feasibility Analysis Summary
At this time, Technology and communication are growing. That's make the marketing
easily to reach the target group. There are the varieties of alternative channels to receive the
information. Mee Sub market will conduct many type of marketing strategy to persuade sellers
and buyers to know and come to shopping in the market.
However, there might have competitors which try to compete with our fresh market.
This case, Mee Sub market will use the marketing strategy by conducting the marketing mix to
159
fight with them. In conclusion, we expected that Mee Sub market will continuous growing and
gain more revenue in several year.
Financial Feasibility Analysis Summary
We plan have an initial capital as 51,402,205 baht that is divided into 2 parts. One part
is capital from owner as 8,000,000 baht. Another part is an investing budget or the cost of this
project that is 43,402,205 baht. The amount of money we loan from the bank with the 6 percent
interest rate. The Payback period is within 12 years.
For revenue from operating, most revenue is from renting stall and it will increase
gradually. Around Year 4 and after that, the revenue is started to stable amount. Our company
has ability to generate profit since Year 1 and increase in next year. Since year 2 we can
generate profit margin around 30-40 percent per year. Moreover, we pay dividend 30% per
month. This is showed that Mee Sub market has a feasible opportunity to invest.
Production and Operation Feasibility Analysis Summary
According to the continuous increasing number of population that causes an increasing
demand in various fields especially in food. Mee Sub market concern on the benefit consumer
will receive and the need of consumer. We create the fresh market follow by the information
from the research. Mee Sub market has 4 zones which are: fresh food, dried food, food court
and miscellaneous. About the location and logistics management, Mee Sub market located in
the wide open area on the bypass. We provide the widely parking space, the entrance and exist
way in order to be convenience for both sellers and buyers.
Business Risk Feasibility Analysis Summary
We considered on any risk which might occur and identify into 2 categories: internal
risk and external risk. For internal risk, it is the risk that might occur in the process of doing the
business. This kind of risk includes financial risk, strategic risk, operating risk, compliance risk
and credit risk. For external risk, it is include economic risk, environment risk and competitor
risk. This type of risk is out of our control. But in both external and internal risk, Mee Sub
market already created a plan and set the way to solve and reduce those risks. The plans to deal
with those risks such as policy to buy the insurance, a financial plan and forecasting the
financial situation for the future, change the strategic plan etc
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