Feasibility study 2014

P a g e | 1

EXECUTIVE SUMMARY

P a g e | 2

The Company

Gicha Ressha Train (GRT) is a private firm formed in 2014 to provide nation –

side railroad and transportation system for people traveling to Northern Luzon. Aiming

rehabilitates and modernizes transport facilities to effectively and efficiently performed

mandated tasks. As the economic grows, it was essential to facilitate the restoration of

abandoned Manila – Dagupan railroad.

The main office is located at Natividad Building, T.M. Kalaw Street Ermita,

Manila.

GRT is determined to improve access and mobility for residents, employees and

visitors to North Luzon. Minimize total travel time, transfers, and changes of mode by

integrating the system. Dedicated to provide convenient access and improve

connectivity to the regional transit system. Enhance the public image of the proposed

transit improvements. Build community and political support through effective

communication and integration with local and regional plans. Enhances the physical

environment wherever possible. Implement an alternative that minimizes adverse

impacts on the environment. Minimize air and noise pollution, vibration impacts,

disturbance of public facilities, traffic and parking impacts.

The company will be headed by the General Manager with the support of his

subordinates.

The Service

GRT Company is planning on reviving the railroad from Tutuban to Dagupan in

order to help the passengers to go along those provinces in a fast way with cheaper

price. The company aims to make the railroad more suitable to passengers especially to

the low - income class family and also to allow traveling of goods coming from these

provinces.

P a g e | 3

The Market

Quality and safety traveling are the priorities of our services. Since there is

already a railroad track from Tutuban to Dagupan, our primary target market will be the

passengers going from Manila to Bulacan, Pampanga, Tarlac and Pangasinan and vice

versa for leisure or business purposes. The total population target is 631,351.

The Company’s Competitive Edge

Quality and safety is guaranteed to the passengers in their whole trip.

For a strong and reliable public mass transit.

Financing

Gicha Ressha Train will be financed by three investors with the capital of Php

10,000,000,000. The capital will be distributed for the current and long-term assets for

the operation of the company.

P a g e | 4

MANAGEMENT

ASPECT

P a g e | 5

MANAGEMENT ASPECT

This chapter tackles the organization act and evaluation requirements in

establishing business of any kind. This section focuses on different strategies and

policies to be established and implemented during the course of the business. Effective

organizational set-up made to be determined and define the duties and responsibilities

of every personnel and to delegate and define each power in performing their respective

assignments to attain the success of the business.

Filipinos are very known to be as family-oriented. Some are still living with their

parents even after they have their own families, and some get separated and tried to

live on their own, and some did travel to find for their future in the urban like Manila and

get stocked or chose to live in it. GRT Company is a company that aims to connect the

urban cities to the rural areas and provinces in the Northern part of the country by

reopening and reoperation of the late Northrail Line of Philippine National Railway. A

business can never be form without its founder and support. Management is the very

core of a business. They are the ones who’s running and leading the business into its

success, or into its loss.

THE COMPANY

The name of the company is Gicha Ressha Train Company. The name Gicha is

a Korean word meaning train. The name Ressha is a Japanese word meaning railroad.

The name Train comes from the word itself because the firm’s line of industry is about

railroad system. Translating the company’s name will be “Train Railroad Train” because

this company is all about the railroad system in the Philippines specifically the Northrail

Line of the Philippine National Railway or PNR. The founder of the company are mainly

P a g e | 6

fanatics of the Korean and Japanese culture so they have chosen to use the foreign

languages of “train” and “railroad” to form the company’s name.

COMPANY LOGO

The logo will serve as the symbol of the company. In the figure below, the initials

are GRT and forming an image of a train. The initials stand for Gicha Ressha Train.

Figure 1 Company Logo

P a g e | 7

COMPANY MISSION

GRT Company mission is to give the populace the benefit of using a fast, safe,

reliable, and cheaper mobility access to rural centers of the northern part of the country

through the development, reconstruction, and maintenance of the Northrail line of

Philippine National Railway system.

COMPANY VISION

GRT Company envisions itself to be the country’s successful and leading

transportation system that connects urban and rural areas, and mostly the people of

these areas.

COMPANY GOAL AND OBJECTIVES

Gicha Ressha Train Co. aims to reconstruct and reopen the North Main Line system

of Philippine National Railway or PNR Northrail that travel from Tutuban, Manila

(Terminal Station) crossing into different rural areas and provinces to Dagupan,

Pangasinan as the end terminal station, and vice versa.

To reconstruct the late Northrail line of Philippine National Railway

To operate the Northrail line of Philippine National Railway

To maintain the operation of the Northrail line of Philippine National Railway

To produce a fast, safe, reliable, and cheaper mode of transportation to the

country’s Northern provinces and areas

P a g e | 8

COMPANY OWNERSHIP

The form of business organization Gicha Ressha Train Company chose was

General Partnership. In General Partnership, a business entity is made up of two or

more entities to carry on a trade or business. Each partner contributes money, property,

labor, or special skills and each partner shares in the profits and losses from the

business. In other words, each general partner takes part in the management of the

business, and also takes responsibility for the liabilities of the business. If one partner is

sued, all partners are held liable.

The business will be easy to practice and organize and will operate more

effectively and efficiently since two more persons are present for sharing ideas and

strategies to achieve company’s goals and objectives.

FORMING THE COMPANY

After the agreement of forming the business, it must comply with government

requirements for it to be legally established, and be operational. The following are the

common requirements and fees are imposed in forming a business.

1. Securities and Exchange Commission (SEC)

SEC is a Philippine state commission responsible for securities laws and

regulating the securities industry. Registration with the SEC is a requirement for

the issuance of licenses by the municipal or city government.

P a g e | 9

The following are the requirements for the SEC registration:

a. Name Verification Slip

b. Accomplished Registration Data Sheet

c. Articles of partnership

2. Department of Trade and Industry (DTI)

One of DTI’s functions is to administer the registration of business names.

Business name registration is compulsory and must be completed before the

business starts operating. By registering the business name with the DTI, the

proprietor is assured that no other individual or group may legally use the

business name anywhere in the Philippines.

The following requirements should be fulfilled:

a. Registration Fee

b. SEC Certificate

c. Articles of partnership

3. Bureau of Internal Revenue (BIR)

For taxation purposes, every business has to register with the BIR before the

commencement of its operation. Any business should secure a company number

and shall register with appropriate Revenue District Office (RDO) which has

jurisdiction over the place where the main office is located. The company Tax

number is permanent and it is to be used by business firm for several business

purposes.

The registration procedures are the following:

a. Secure a permanent record file number of Tax Identification Number;

b. Register the business name with the BIR Revenue District Office; and

P a g e | 10

c. Pay the prescribed fees

d. Apply for individual income tax return.

4. Municipal Permits or Licenses

All businesses are required to secure a mayor’s permit or municipal license

from the municipality or city where they are located.

The following permits and licenses are needed in starting a particular business:

a. Mayor’s Permit

b. Business Tax

c. Garbage Fee

d. Sanitary Permit

e. Signboards/Billboards

f. Electric Permit

The processing for the application of Mayor’s Permit, the requirement includes:

a. Photocopy of Articles of partnership

b. Photocopy of Certificates of SEC Registration

c. Photocopy of DTI Registration

d. Sanitary Permit secured from the municipal. Health Office that includes

sanitary fee and garbage fee

e. Fire Safety Permit

f. Building Permit from the City Engineer’s Office

g. Three (3) copies of business application form

P a g e | 11

5. Social Security System (SSS) Registration

All companies must be registered with SSS and must secure an employer

number which will be used as a reference for the remittance of their monthly

contributions.

The forms needed for SSS registration are as follows:

a. Employer Registration Form (R-1)

b. Employment Report Form (R-1A)

c. SEC Registration

6. Phil-Health Registration

Phil-Health is the country’s Health Insurance Corporation. All employers

are required to register their employees with Phil-Health as stated in the New

National Health Insurance Act (RA 7875/RA 9241). This agency manages and

administers the government health care system in the Philippines.

The following documents are required by Phil-Health and as enumerated below:

a. Employer Data Record (ER1)

b. Report of Employee-Member (ER2)

c. SEC Registration

7. Pag-IBIG (Home Development Mutual Fund) Registration

Pag-IBIG Fund is also known as the Home Development Mutual Fund

which is mandatory for all employees covered by the Social Security System

(SSS). The Pag-IBIG Fund essentially provides various types of loans to the

members.

P a g e | 12

BASIC REQUIREMENTS AND PROCEDURES IN REGISTERING A BUSINESS

1. Reserve and Register Your Business Name in Securities and Exchange

Commission (SEC), as follows:

Check if your desired business name is available via SEC online website

or at SEC Office in Mandaluyong

If available, register/reserve your business name via SEC online website

or at SEC Name Verification Unit – SEC Office in Mandaluyong

Prepare, sign and notarize the following:

o Articles of partnership;

o By Laws

o Treasurer’s Affidavit; and

o Joint affidavit of two incorporators undertaking to change corporate

name immediately upon receipt of notice or directive from the

Securities and Exchange Commission that another corporation,

partnership, or person has acquired a prior right to the use of that

name or that name has been declared misleading, deceptive,

confusingly similar to a registered name, or contrary to public morals,

good customs or public policy. (Not required if the Articles of

Incorporation have a provision on this commitment).

Submit notarized documents to SEC Office in Mandaluyong City

Claim your SEC Certificate of Registration

Processing Time: At least one (1) week upon submission of complete

documents

2. Acquire Barangay Clearance

Once the corporation is registered with SEC the next step is to get a

barangay clearance in the barangay where your business is located.

P a g e | 13

Here are the basic steps

Go to the barangay where your business is located to secure and fill-up

application form

Submit your completed application form together with the following:

o Certificate of Business Registration from SEC

o Two (2) valid IDs, Proof of Address such as Contract of Lease (if

rented) or Certificate of Land Title (if owned)

Processing Time: 1 day upon submission of complete documents.

3. Acquire Business Permit from the Mayor’s Office

Once you have a Barangay Clearance Certificate, the next step is to

acquire a Business Permit in the municipality where your business is located.

Here are the basic steps and requirements:

Go to the municipal office where your business is located to secure and

fill-up application form

Submit your completed application form together with the following:

o Certificate of Business Registration from SEC

o Barangay Clearance Certificate

o Two (2) valid IDs, Proof of Address such as Contract of Lease (if

rented) or Certificate of Land Title (if owned)

Processing Time: At least one week upon submission of complete documents.

But It can take longer depending on the permit requirements based on the

industry.

4. Register with the Bureau of Internal Revenue (BIR)

Once you have the Mayor’s Business Permit, you can now register with

the BIR.

Here are the basic steps and requirements:

P a g e | 14

Go to the Regional District Office (RDO) where your business is located

Fill-up registration form as follows:

o BIR Form 1903 – Application for Registration (For

Partnership/Corporation)

Submit completed registration form together with the following:

o Certificate of Registration form SEC

o Barangay Clearance

o Business Permit From the Mayor’s Office

o Proof of Address such as Contract of Lease (if rented) or Certificate of

Land Title (if owned)

o Valid IDs, if applicable.

Pay the Registration Form (BIR Form 0605) and Documentary Stamp Tax

(BIR Form 2000), if applicable.

Register your book of accounts and receipts/invoices.

Claim your Certificate of Registration (BIR Form 2303)

P a g e | 15

COMPANY LOCATION

The proposed location for the business office will be at 3F Natividad Bldg., T.M.

Kalaw St., Ermita, Manila. The 75 square meter floor area of the said establishment will

be chartered by the company for at least 20 years and/or with extension if needed.

Figure 2 Office Location

Christian

Sticky Note

Rejected set by Christian

Christian

Highlight

P a g e | 16

OPERATING HOURS AND WORK SCHEDULES

The Gicha Ressha Train Company office will be operating from 8:00AM to

5:00PM every weekdays, Monday to Friday. Administrative employees will be having

morning break of 15-minutes break from 10:00AM, lunch break of 30 minutes from

12:00 noon, and another 15-minutes break from 2:45PM. Since the company is in

partnership with the Philippine National Railway administration, the employees require

to have a field work and site inspection to check for the progress of the project, an

employee has to file for an itinerary letter a day before the appointment date if he/she is

going on the field.

The GRT Company trains will be operating from 5:00 AM to 11:00 PM everyday,

Monday to Sunday. Employees or personnel from the stations like security guards,

ticket operators, and maintenance personnel are require to work a minimum of eight (8)

hours a day inclusive of their breaks. Lunch and break time are not too tight as long as

they follow the rules regarding the subject, and can perform task assigned to them.

Their schedules will be shifting basis so that the station will still be operational along the

day.

P a g e | 17

ORGANIZATIONAL CHART

Figure 3 Organizational Chart

The figure shows the organizational structure of Gicha Ressha Train Corporation

from top to lower management who would run the company. The business is classified

as Corporation as agreed by the owners and due to the complexity of the purpose of the

project.

The General Manager will overlook to the company to reach its goals and serve

its purpose for greater good which will be supported by a Construction

Supervisor/Estimator, Financial Planner, Operations Engineer, Project Engineer Human

P a g e | 18

Resource Manager and their assistants. Other personnel will be hired then for their

designated works such as Train Operators, Ticket Vendor, Maintenance Personnel, and

Security Guard.

JOB DESCRIPTIONS AND QUALIFICATIONS

GENERAL MANAGER

Job Description

Increases management's effectiveness by recruiting, selecting, orienting,

training, coaching, counseling, and disciplining managers; communicating

values, strategies, and objectives; assigning accountabilities; planning,

monitoring, and appraising job results; developing incentives; developing a

climate for offering information and opinions; providing educational

opportunities.

Develops strategic plan by studying technological and financial opportunities;

presenting assumptions; recommending objectives.

Accomplishes subsidiary objectives by establishing plans, budgets, and

results measurements; allocating resources; reviewing progress; making mid-

course corrections.

Coordinates efforts by establishing procurement, production, marketing, field,

and technical services policies and practices; coordinating actions with

corporate staff.

Builds company image by collaborating with customers, government,

community organizations, and employees; enforcing ethical business

practices.

Maintains quality service by establishing and enforcing organization

standards.

P a g e | 19

Maintains professional and technical knowledge by attending educational

workshops; reviewing professional publications; establishing personal

networks; benchmarking state-of-the-art practices; participating in

professional societies.

Contributes to team effort by accomplishing related results as needed.

Qualifications

Male/Female, 30-35years old

Graduate of Industrial Engineering or any managerial course

With knowledge in Management Engineering

Minimum of 3 years of experience in Managerial Position

OPERATIONS MANAGER

Job Description

Identifies operational problems by observing and studying system functioning

and performance results; investigating complaints and suggestions;

interviewing process supervisors and operators; completing troubleshooting

procedures.

Identifies operational priorities by assessing operational objectives;

determining project objectives, such as, efficiency, cost savings, energy

conservation, operator convenience, safety, environmental quality; estimating

relevance, time, and costs.

Develops operational solutions by defining, studying, estimating, and

screening alternative solutions; calculating economics; determining impact on

total system.

P a g e | 20

Anticipates operational problems by studying operating targets, modes of

operation, unit limitations; monitoring unit performance.

Improves operational quality results by studying, evaluating, and

recommending process re-design; implementing changes; contributing

information and opinion to unit design and modification teams.

Maintains safe and healthy work environment by following and enforcing

standards and procedures; complying with legal regulations.

Provides operational management information by collecting, analyzing, and

summarizing operating and engineering data and trends.

Updates job knowledge by participating in educational opportunities; reading

professional publications; maintaining personal networks; participating in

professional organizations.

Accomplishes engineering and organization mission by completing related

results as needed.

Qualifications


Graduate of Industrial Engineering or any managerial course

With knowledge in Operations Research, Safety Management, Reporting

skills, or any related

Minimum of 2 years of experience in related position

P a g e | 21

FIELD SUPERVISOR

Job Description

Prepare daily production reports (passenger counts of the train)

Assign and coordinate the daily task of laborers

Report any field problems to the General Manager

Qualifications

Male, 23-30 years old

Graduate of Mechanical, or any related course

With knowledge in Requirements Analysis, Design Skills, Project

Management, Manufacturing Methods and Procedures, Process

Improvement, Technical Understanding, Documentation Skills, Safety

Management, Supervision

Service oriented and hardworking

Good observation and reporting skills

RAILWAY ENGINEER

Job Description

Develops project objectives by reviewing project proposals and plans;

conferring with management.

Determines project responsibilities by identifying project phases and

elements; assigning personnel to phases and elements; reviewing bids from

contractors.

Determines project specifications by studying product design, customer

requirements, and performance standards; completing technical studies;

preparing cost estimates.

Christian

Highlight

P a g e | 22

Confirms product performance by designing and conducting tests.

Determines project schedule by studying project plan and specifications;

calculating time requirements; sequencing project elements.

Maintains project schedule by monitoring project progress; coordinating

activities; resolving problems.

Controls project plan by reviewing design, specifications, and plan and

schedule changes; recommending actions.

Controls project costs by approving expenditures; administering contractor

contracts.

Prepares project status reports by collecting, analyzing, and summarizing

information and trends; recommending actions.

Maintains safe and clean working environment by enforcing procedures,

rules, and regulations.

Maintains project data base by writing computer programs; entering and

backing up data.

Maintains product and company reputation by complying with federal and

state regulations.


Qualifications


Graduate of Industrial Engineering , Civil, Mechanical Engineering, or any

related course

With knowledge in Requirements Analysis, Design Skills, Project

Management, Manufacturing Methods and Procedures, Process

Christian

Highlight

P a g e | 23

Improvement, Technical Understanding, Documentation Skills, Safety

Management, Supervision, CAD, CAD/CAM Circuit Design


ASSISTANT ENGINEER

Job Description

Determines engineering requirements by conducting inspections and

analytical tests; analyzing and synthesizing data; maintaining control charts;

determining root causes; preparing bid specifications.

Resolves engineering problems by collecting and analyzing information;

researching, analyzing, adapting, and modifying engineering techniques;

recommending solutions; preparing drawings, schematics, and diagrams;

evaluating components, materials, and suppliers; resolving design integration

issues; developing specifications and safety standards; performing

installations.

Verifies engineering applications by conducting tests and inspections; building

and analyzing models and simulations; conducting laboratory experiments

and measurements.

Maintains project team accomplishments by communicating essential

information; coordinating actions; obtaining expert input; reviewing open

issues and action items; contributing information to team meetings and

reports; escalating project completion impediments.

Meets cost standards by preparing cost-benefit analyses; tracking and

reporting expenses.

Christian

Highlight

P a g e | 24

Complies with codes and regulations by complying with requirements;

preparing permit applications, plans, and compliance reports.

Prepares guidelines by describing operational and testing methods and

procedures.

Maintains and improves quality results by completing quality assurance tests;

following standards; studying, evaluating, and re-designing processes;

implementing changes.

Ensures operation of analytical equipment by calibrating equipment;

completing preventive maintenance requirements; following manufacturer's

instructions; troubleshooting malfunctions; calling for repairs; maintaining

equipment inventories; evaluating new equipment and techniques.

Keeps supplies ready by inventorying stock; placing orders; verifying receipt.

Prepares engineering reports by collecting, analyzing, and summarizing data

and trends; entering data and generating reports and presentations;

performing calculations.

Updates job knowledge by tracking and understanding emerging engineering

practices; participating in educational opportunities and professional

organizations; reading professional publications; maintaining personal

networks.

Enhances engineering and organization reputation by accepting ownership

for accomplishing new and different requests; exploring opportunities to add

value to job accomplishments.

P a g e | 25

Qualifications

Male/Female, 20-28 years old

Graduate of Industrial Engineering , Civil, Mechanical Engineering or any

related course

With knowledge in Analyzing Information , General Math Skills, Reporting

Research Results, Dealing with Complexity, Presentation Skills, Verbal

Communication, Written Communication, Drafting, Analytical Tools, Attention

to Detail, Innovation or any related

No experience required

Willingness to learn

FINANCIAL PLANNER

Job Description

Defines financial situtation by completing quantitative analyses.

Evaluates optional plans by identifying outcomes and potential returns.

Values assets by appraising current condition; assessing potential.

Recommends debt structures by analyzing refinancing options.

Builds financial database by identifying sources of information; assembling,

verifying, and backing up data.

Accomplishes organization goals by accepting ownership for accomplishing

new and different requests; exploring opportunities to add value to job

accomplishments.




P a g e | 26

Recommends financial actions by assessing options in relation to

organization goals.

Prepares financial reports by collecting, formatting, analyzing, and explaining

information.

Protects operations by keeping financial information confidential.

Maintains technical knowledge by attending educational workshops;

reviewing publications.


Qualifications

Female, 25-30 years old

Graduate of Accountancy or any related course

With knowledge in Business Knowledge, Corporate Finance, Financial

Planning and Strategy, Forecasting, Accounting, Developing Budgets,

Analyzing Information , General Math Skills, Reporting Research Results,

Managing Profitability, Electronic Payment Technology Risk-Taking, Tracking

Budget Expenses, Financial Planning and Strategy, Statistical Analysis,

Reporting Research Results, Database Design, Strategic Planning,

Forecasting, Analyzing Information , Conceptual Skills, Financial Skills


P a g e | 27

HUMAN RESOURCE MANAGER

Job Description

Maintains the work structure by updating job requirements and job

descriptions for all positions.

Maintains organization staff by establishing a recruiting, testing, and

interviewing program; counseling managers on candidate selection;

conducting and analyzing exit interviews; recommending changes.

Prepares employees for assignments by establishing and conducting

orientation and training programs.

Maintains a pay plan by conducting periodic pay surveys; scheduling and

conducting job evaluations; preparing pay budgets; monitoring and

scheduling individual pay actions; recommending, planning, and

implementing pay structure revisions.

Ensures planning, monitoring, and appraisal of employee work results by

training managers to coach and discipline employees; scheduling

management conferences with employees; hearing and resolving employee

grievances; counseling employees and supervisors.

Maintains employee benefits programs and informs employees of benefits by

studying and assessing benefit needs and trends; recommending benefit

programs to management; directing the processing of benefit claims;

obtaining and evaluating benefit contract bids; awarding benefit contracts;

designing and conducting educational programs on benefit programs.

Ensures legal compliance by monitoring and implementing applicable human

resource federal and state requirements; conducting investigations;

maintaining records; representing the organization at hearings.

P a g e | 28

Maintains management guidelines by preparing, updating, and

recommending human resource policies and procedures.

Maintains historical human resource records by designing a filing and retrieval

system; keeping past and current records.



networks; participating in professional societies.

Completes human resource operational requirements by scheduling and

assigning employees; following up on work results.

Maintains human resource staff by recruiting, selecting, orienting, and training

employees.

Maintains human resource staff job results by counseling and disciplining

employees; planning, monitoring, and appraising job results.


Qualifications

Candidate must possess at least a Bachelor’s/College Degree in Psychology

or closely related field

Male/Female 25-30 years old

At least 2-3 years working experience in the related field

Ability to communicate effectively both written and verbally

With knowledge in Hiring, Human Resources Management, Benefits

Administration, Performance Management, Communication Processes,

Compensation and Wage Structure, Supports Diversity, Classifying

P a g e | 29

Employees, Employment Law, Laws Against Sexual Harassment,

Organization

HUMAN RESOURCE ADMINISTRATIVE ASSISTANT

Job Description

Provides job candidates by screening, interviewing, and testing applicants;

notifying existing staff of internal opportunities; maintaining personnel records;

obtaining temporary staff from agencies.

Pays employees by calculating pay; distributing checks; maintaining records.

Administers student loan, medical insurance, savings bond, and disability

programs by advising employees of eligibility; providing application

information; helping with form completion; verifying submission; notifying

employees of approvals.

Monitors unemployment claims by reviewing claims; substantiating

documentation; requesting legal counsel review.

Maintains human resources records by recording new hires, transfers,

terminations, changes in job classifications, merit increases; tracking

vacation, sick, and personal time.

Orients new employees by providing orientation information packets;

reviewing company policies; gathering withholding and other payroll

information; explaining and obtaining signatures for benefit programs.

Documents human resources actions by completing forms, reports, logs, and

records.


professional publications.

P a g e | 30

Accomplishes human resources department and organization mission by

completing related results as needed.

Qualifications

Candidate must possess at least a Bachelor’s/College Degree in Psychology

or closely related field

Male/Female 20-30 years old

Ability to communicate effectively both written and verbally

No experience required

Willingness to learn

TRAIN OPERATOR/DRIVER

Job Description

Checking equipment and engines before a journey starts

Contacting control centres for information about routes and any problems

Following signalling instructions during the journey

Making passenger announcements

Controlling automatic doors

Positioning and handing over engines to drivers on the next shift.

Qualifications

High school diploma or equivalent.

Must be at least 21 years of age.

Professional driving experience within the last three years.

Experience may include, but not be limited to, previous operation of light rail

vehicle, transit bus/school bus and/or truck. Not more than five (5) points

assessed against motor vehicle record (MVR) in the past two (2) years as

P a g e | 31

well as possessing a continually valid driver's license for the past two (2)

years. Also no DUI, DWI, or reckless driving in the past 24 months.

Ability to pass a Department of Transportation (DOT) physical examination by

obtaining a DOT Medical Examiner's Certificate for a minimum of a 2-year

qualifying period and then maintain a current DOT Medical Examiner's

Certificate thereafter.

Ability to pass a RTD required Physical Ability Asssessment (PAA) related to

the physical requirements of the essential functions of the job.

Ability to obtain and maintain a current valid Colorado Commercial Driver's

License with an air brake and passenger endorsement (Class B-P2). Ability to

successfully complete the LRV Operator Training Program in order to be

certified and retain a thorough understanding of all new rules and procedures

which are in effect.

Ability to use prudent judgment and common sense in making quick, safe

decisions with minimal supervision and adapt to constantly changing

operating environments.

Ability to effectively communicate, both orally and in writing, while interacting

with customers and RTD staff in a courteous, professional manner. This

includes providing good customer service by attending to the needs of a

diverse customer base in a sensitive manner.

Strong customer service skills.

Ability to read, write, and speak English. Demonstrated physical ability to

perform job duties to include: throwing rail switches, accessing and operating

LRV, operating accessibility ramp, coupling/uncoupling LRVs, and

raising/lowering LRV pantograph.

Demonstrated ability to push/pull up to 125 pounds and lift/carry up to 60

pounds without assistance.

P a g e | 32

Ability to walk on track ballast, on uneven ground, sit for an extended period

of time, and work in various outdoor weather.

Ability to be re-certified periodically on standard operating procedures as well

as through examination on all Rules and as hands-on proficiency. Ability to

maintain a high performance level of dependability, reliability and safety as

demonstrated in the past six (6) months by:

o -No more than three (3) occurrences and three (3) tardies.

o -No more than eighty (80) hours unscheduled work absences.

o -Extenuating circumstances will be reviewed.

Acceptable driving record as demonstrated in the past six (6) months by:

o -No 'at-fault' of Class A or B safety violations.

o -No suspensions for violations of rules or operating procedures

Ability to work unusual hours, split shifts, weekends, holidays, and overtime

as required.

CONSTRUCTION SUPERVISOR/ESTIMATOR

Job Description

Accomplishes construction human resource objectives by selecting, orienting,

training, assigning, scheduling, coaching, counseling, and disciplining

employees; communicating job expectations; planning, monitoring, appraising

job contributions; recommending compensation actions; adhering to policies

and procedures.

Manages sub-contractors by locating, evaluating, and selecting sub-

contractors; monitoring and controlling performance.

Meets operational standards by contributing construction information to

strategic plans and reviews; implementing production, productivity, quality,

P a g e | 33

and customer-service standards; resolving problems; identifying construction

management system improvements.

Meets construction budget by monitoring project expenditures; identifying

variances; implementing corrective actions; providing non-project annual

operating and capital budget information.

Accomplishes construction project results by defining project purpose and

scope; calculating resources required; establishing standards and protocols;

allocating resources; scheduling and coordinating staff and sub-contractors;

evaluating milestone assumptions and conclusions; resolving design

problems; evaluating and implementing change orders.

Approves construction projects by conducting inspections at critical phases;

obtaining approvals from buyers.

Prevents fines and interruptions by complying with, and enforcing, codes.

Maintains safe, secure, and healthy work environment by following and

enforcing standards and procedures; complying with legal regulations.

Updates job knowledge by tracking and understanding emerging construction

practices and standards; participating in educational opportunities; reading



Enhances organization reputation by accepting ownership for accomplishing

new and different requests; exploring opportunities to add value to job

accomplishments.

Prepares work to be accomplished by gathering information and

requirements; setting priorities.

P a g e | 34

Prepares construction budget by studying home plans; updating

specifications; identifying and projecting costs for each elevation.

Evaluates offers to purchase by costing changes, additions, and site

requirements.

Obtains bids from vendors and subcontractors by specifying materials;

identifying qualified subcontractors; negotiating price.

Maintains cost keys and price masters by updating information.

Resolves cost discrepancies by collecting and analyzing information.

Prepares special reports by collecting, analyzing, and summarizing

information and trends.

Maintains quality service by following organization standards.

Maintains continuity among corporate, division, and local work teams by

documenting and communicating actions, irregularities, and continuing needs.



networks; participating in professional societies.


Qualifications

Male, 25-35 years old

Graduate of Civil, Mechanical Engineering, Architecture or any related course

With knowledge in Project Management, Quality Management, Supervision,

Managing Profitability, Delegation, Supply Management, ADA Requirements,

Civil Project Management, Estimating, Attention to Detail, Quality Focus or

any related

P a g e | 35


TICKET OPERATOR

Job Description

Responsible for selling tickets to customers

Responsible reporting daily sales and bookkeeping

Qualifications

Must be at least high school graduate



Good customer communication and service skills

SECURITY GUARD

Job Description

Maintains security and safety of people and property in assigned area on

company by patrolling areas on foot and enforcing company rules and

regulation.

Qualifications

Candidate must possess at least a Vocational Diploma / Short Course

Certificate, Protective Services & Management or equivalent.

At least 2 year(s) of working experience in the related field is required for this

position.

Applicants must be willing to work on any shift.

Male, 25 - 40 years old

P a g e | 36

MAINTENANCE PERSONNEL (JANITOR/JANITRESS)

Job Description

Sweep and mop floors.

Cleaning trains and stations by emptying trash, sweeping, and cleaning

surfaces.

Clean and disinfect laboratory equipment.

Monitor establishment’s security and safety by performing such tasks as

locking doors after operating hours and checking electrical appliance use to

ensure that hazards are not created.

Use cleaning solutions to remove stains and clean surfaces.

Mix various cleaning agents.

Clean windows, glass partitions, and mirrors, using soapy water or other

cleaners, sponges, and squeegees.

Clean and service restrooms with mops and disinfectants.

Identify and report possible repairs.

Qualifications

Must be at least high school graduate



Must be flexible and willing to work to any assigned shift

Good customer service skills

P a g e | 37

MANAGEMENT POLICIES AND PROCEDURES

Every Policies and procedures are a vital part of business management because

it provides a baseline of internal control allows employees to understand their roles and

responsibilities within predefined limits. Basically, policies & procedures allow

management to guide operations without constant management intervention.

There are some conditions unique in our business which the employees cannot

be expected to know about unless the management calls their attention.

o Employees are expected to devote his/her time and energy toward the

performance of the duties and responsibilities assigned to him/her, which may be

changed at any time from time to time.

o Business transaction not related to work is prohibited within company premises.

o All employees are entitled to receive 60 minutes or 1 hour break daily.

o Smoking while on duty and in unauthorized places are prohibited.

Neatness and Uniform Policy

o Men are not allowed to grow their mustache and stubbles should be shaving as

soon as noticeable.

o All employees should wear proper uniform according to the rules. Employees

must wear company uniform every Monday, and Wednesday; and during field

work. Employees must wear casual attire every Tuesday, and Thursday.

Employees are free to use anything they desire to wear as long as it is

presentable.

o All employees should have clean hands and short fingernails.

Duty to Report/ Failing to Call

Christian

Highlight

P a g e | 38

o All employees have a duty to report any violations of the company policies and

procedures and while they initially be reluctant to get involved, it’s important to

note that failure to report violations can have substantial consequences. In

addition to the possibility of being held personally liable for the legal or ethical

violation, they may subject to disciplinary proceedings, including termination, so

when in doubt they should speak up.

Rules of Conduct

o Employees are required to obey instructions and perform works as required or

assigned. Any insubordination or failure to obey lawful instructions with regard to

work and behavior will result to disciplinary action.

o Employees should respect the person, rights and properties of all who work with

them, particularly our customers. Acts of, or even attempts to cause physical or

psychological harm, injury, damage, loss and situations to endanger safety well-

being of the above stated persons will be subjected to disciplinary action.

o Employees are not allowed to leave the job without permission or conduct

personal affair while on duty.

Security Policies

To further protect the company premises and employees working here, the

following guidelines have been set:

o All employees (on duty or not) shall have their bags inspected by the security

personnel before going in and when coming out.

o All items take out from the company office and business establishment should be

presented to the security personnel.

o All employees are oblige to follow the building’s rules and policies.

P a g e | 39

o Safety and security is a major concern for the company because it values its

employees and customer not only for productivity but for humanity. The

enterprise will be complying on different occupational safety and health

regulations and programs mandated by different government agencies. Fire

alarm, extinguishers and other safety measures will be placed in different areas

of the establishment

Drug Abuse Prevention Policy and Procedure

Because of the harmful effects of drug abuse on the physical and well- being of

its employee, the company is committed to maintain a drug free environment. In

keeping with this commitment, drug abuse is hereby prohibited in any form. The

company’s policy is to employ a work force free from use of dangerous drugs, either on

or off the job. It is, therefore, the company policy that an employee found with the

presence of dangerous drugs in his/her system, in possession of, using, selling, trading

or offering for sale dangerous drugs during work hours or company sponsored activities

or on company’s premises, vehicles and the like may be subject to disciplinary action.

Confidential Information

In consideration for providing the employee with confidential information, the

employee shall hold and treat all confidential information in strict confidence and will not

disclose in any manner whatsoever, in whole or in part and will not use the confidential

information without the company’s prior written the consent.

P a g e | 40

EMPLOYEE LEAVING RIGHTS

1. Service Incentive Leave

Under Article 95 of the Labor Code of the Philippines, an employee who

has rendered at least (1) one year of service in a company is entitled to five (5)

days leave of absence, with pay, every year.

The phrase “one year of service” of the employee means service within

twelve (12) months, whether continuous or broken, reckoned from the date the

employee started working. The period includes authorized absences, unworked

weekly rest days, and paid regular holidays. If through individual or collective

agreement, company practice or policy, the period of the working days is less

than twelve (12) months, said period shall be considered as one year for the

purpose of determining the entitlement to the service incentive leave.

The service incentive leave may be used for sick and vacation leave

purposes. The unused service incentive leave is commutable to its money

equivalent at the end of the year.

2. Maternity Leave

This benefit applies to all female members, whether married or unmarried,

of the Social Security System (SSS) who has paid at least 3 monthly

contributions in the twelve-month period immediately preceding the semester of

her childbirth or miscarriage. Members will be entitled to maternity leave benefit

of sixty (60) days in case of normal delivery or miscarriage, or seventy-eight (78)

days, in case of Caesarian section delivery, with benefits equivalent to one

hundred percent (100%) of the average daily salary credit of the employee as

defined under the law.

P a g e | 41

3. Paternity Leave

Paternity Leave is granted to all married male employees of a company.

The purpose of this benefit is to allow the husband to lend support to his wife

during her period of recovery and/or in nursing her newborn child. Usage of

Paternity Leave shall be after the delivery. The paternity leave shall be for seven

(7) calendar days, with full pay, consisting of basic salary and mandatory

allowances fixed by the Regional Wage Board, if any, provided that his pay shall

not be less than the mandated minimum wage.

4. Parental Leave for Solo Parent

Under RA 8972, Parental leave is a benefit granted to a solo parent to

enable him/her to perform parental duties and responsibilities where physical

presence is required. Employees that are considered as a solo parent and who

have rendered service of at least (1) one year to a company are entitled to 7

working days of leave.

5. Leave for Victims of Violence against Women and their Children

Based From RA 9262, Employees who fall under the definition of “Victims

of Violence against women and their children “or otherwise known as Republic

Act 9262 and who have submitted a certification of violence shall be entitled a

leave of ten (10) days with full pay, consisting of basic salary and mandatory

allowances . The leave benefit shall cover the days that the woman employee

has to attend to medical and legal concerns.

6. Sick Leave

Employees should have reasonable opportunities for time away from work

without loss of pay to handle illness, injury, legal quarantine and attending visits

with health care providers for themselves and immediate family members and

P a g e | 42

members of their household who are dependent upon them for care during

illness or injury. Full-time employees shall accrue seven and one-half (7.5) hours

of sick leave for each two (2) months of employment and an additional seven and

one-half (7.5) hours of sick leave for each four (4) months of employment.

7. Special Leave for Women

RA 9710 is an article for Special Leave for women. Special Leave is

granted to female employees, regardless of age and civil status, with

Gynecological disorders and who have rendered at least six (6) months

continuous aggregate employment service for the last twelve (12) months prior to

surgery. The employee shall be entitled of (2) two months leave with full pay

based on her gross monthly compensation.

8. Vacation Leave

Under a Vacation Leave, each full-time employee shall be given 5 paid

working days (40 hours) vacation at the end of the first year of continuous

employment and 10 paid working days (80 hours) vacation at the end of the

second year of continuous employment. After 5 years of continuous employment,

full-time employees will be eligible for 15 paid working days (120 hours) vacation.

Vacation leave may only be used in ½ day or whole day increments.

Termination / Employee Dismissal

Termination occurs when an employer or employee ends an employee's

employment with a particular employer. Termination can be voluntary or involuntary

depending on the circumstances.

P a g e | 43

In other instances of employment termination, the employment is terminated for a

reason which is given to the employee and stated in the termination letter. Termination

for cause can occur in such situations as:

o Violation of the company code of conduct or ethics policy,

o Unacceptable Personal Conduct

o Unsatisfactory Job Performance

o Failure to follow company policy,

o Violence or threatened violence,

o Gross and habitual neglect of duty,

o Fraud,

o Commission of a crime,

o Extreme insubordination,

o Sexual harassment, or

o Watching pornography online

Resignation from work will only take effect fifteen days after submission of

resignation letter and after the resigning employee complies with the company

clearance on accountabilities.

SALARIES AND WAGES

Monthly Salary

Minimum wage is given to direct and indirect employees, wages is according to

the Department of Labor and Employment: National Wages and Productivity

Commission, underlying the sector of Service, with 16 or more than number of

employees. Each classified position is assigned to a salary range that provides, based

on similar employment in the defined labor market: minimum, mid-point, and maximum

salary rates that are competitive with rates in the external labor market consistent with

P a g e | 44

the Enterprise’ ability to pay; and proper relationships within State government

employment to maintain internal equity. Employees such as, Janitors, Construction

Workers, Ticket Operators, and Security Guard will be paid in accordance to their

hourly rate. Direct employees will work 8 hours daily with 1 hour break, and an

overtime if needed.

Computation of Minimum Wage

(Maintenance Personnel, Ticket Operator, and Security Guard)

Minimum wage: PHP 451.00

Cost of Living Allowance: PHP 15.00

Rate per day:

(Wage/per day)+COLA= 451+15 = PHP 466.00

Annual Gross Salary

The annual gross salary of employees of GRT Corporation is consisting of

annual salary of an employee before deductions are made plus the 13th month pay.

GRT Corporation has different approach of the salary computation depending

on the working days of employees. Administrative or Office Employees have only 5

working days a week or a total of 270 days a year depending on the status of the

project, and for field workers/employees a total of 324 working days in a year. Every

employee will also receive a thirteenth month pay equivalent to their monthly salary

pay.

GRT Corporation will be allotting PHP 17,002,400.00 as the total salaries of its

employees per annum, inclusive of the thirteenth month pay.

Christian

Highlight

Christian

Sticky Note

PHP 35,713,900.00

P a g e | 45

Compensation

It’s a policy of the company to compensate its employees at a level sufficient to

encourage excellence of performance and to maintain the labor market

competitiveness necessary to recruit and retain a competent work force.

The pay period of GRT Corporation will be the usual cut-off which is on the 15th

and 30th day of the month. Employees are required to give the company their bank

account numbers to be able to conduct salary payments through bank transactions.

As for the construction labors, their salary or pay period will be on a weekly basis.

Work Pay

The minimum wage would be PHP 451.00 and integration of the P15

COLA under W.O. No. NCR-17 into the basic pay which sums up to PHP 466.00

Basic Pay

GRT Company basic payments will be ranging from the minimum wage of Php

430.00 to PHP 1,360.00 per day. Wage rates of the employees will vary due to the

extent of their responsibilities and the degree of educational attained.

Fringe Benefits

1. Employees are entitled to 13th month pay and bonuses one year after

the business has established.

2. Employees are entitled of a separation pay under article 283-284 of the

labor Code of the Philippines depending on the grounds of the company’s

termination policy.

3. Promotion opportunity – this is offered to employees who are excellent

performers, shows initiative and desire to advance. High rates of pay are

given for these extra responsibilities.

Christian

Highlight

P a g e | 46

4. Philhealth – the Philhealth program provides benefits for the

hospitalization of the employees.

5. SSS Benefits – a social security contribution is required to include both

the employer and employees share.

Overtime Pay

Overtime pay refers to the additional compensation for work performed beyond

eight (8) hours a day

Back Pay

Back Pay is past wages and benefits (bonus, increment, overtime, etc.) to which

an employee is entitled either because of a retroactive increase or employment

practices (such as dismissal or denial of promotion) declared unlawful by a court or

tribunal.HR automatically deletes employee name from the payroll and therefore not

paid for the days worked from previous payroll to the day to resign. The pay computed

manually which sometimes takes a while because it has to be verified and approved

by the management.

P a g e | 47

SALARY BREAKDOWN

EMPLOYEE'S BASIC SALARY ANNUAL SALARY

POSITION EMPLOYE

E # HOURLY

RATE DAILY RATE

BASIC SALARY

2015 2016 2017 2018 2019 2020

Administrative Labor

3 Stations 6 Stations 9 Stations

General Manager 1 166.67 1,333.3

3 40,000.00 480,000.00 480,000.00 480,000.00 480,000.00 480,000.00 480,000.00

Operations Engineer 1 137.50 1,100.0

0 33,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00

Project Engineer 1 137.50 1,100.0

0 33,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00

Assistant Engineer 1 95.83 766.67 23,000.00 276,000.00 276,000.00 276,000.00 276,000.00 276,000.00 276,000.00

Construction Supervisor/Estimator

1 137.50 1,100.0

0 33,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00

HR Manager 1 116.67 933.33 28,000.00 336,000.00 336,000.00 336,000.00 336,000.00 336,000.00 336,000.00

HR Administrative Assistant

1 95.83 766.67 23,000.00 276,000.00 276,000.00 276,000.00 276,000.00 276,000.00 276,000.00

Financial Planning Analysts 1 116.67 933.33 28,000.00 336,000.00 336,000.00 336,000.00 336,000.00 336,000.00 336,000.00

Direct Labor

Ticket Operator 36 58.25 466.00 13,980.00

2,013,120.00

4,026,240.00 9,772,020.00 6,039,360.00 6,039,360.00

Train Driver 9 62.50 500.00 15,000.00

540,000.00 1,080,000.00 1,620,000.00 1,620,000.00 1,620,000.00

Indirect Labor

Security Guards 36 58.25 466.00 13,980.00

2,013,120.00

4,026,240.00 9,772,020.00 6,039,360.00 6,039,360.00

Janitors/Janitress 36 58.25 466.00 13,980.00

2,013,120.00

4,026,240.00 9,772,020.00 6,039,360.00 6,039,360.00

TOTAL 125 1,241.4

2 9,931.3

3 297,940.0

0 2,892,000.0

0 9,471,360.0

0 16,050,720.0

0 33,828,060.0

0 22,630,080.0

0 22,630,080.0

0

Table 1.1 Employee’s Basic Salar

Christian

Highlight

P a g e | 48

ANNUAL PROJECTION OF EMPLOYEE'S SALARIES

POSITION EMPLOYEE

# BASIC

SALARY 2015 2016 2017 2018 2019 2020



General Manager 1 40,000.00 480,000.00 480,000.00 480,000.00 480,000.00 480,000.00 480,000.00

Operations Engineer 1 33,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00

Project Engineer 1 33,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00

Assistant Engineer 1 23,000.00 276,000.00 276,000.00 276,000.00 276,000.00 276,000.00 276,000.00


1 33,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00 396,000.00

HR Manager 1 28,000.00 336,000.00 336,000.00 336,000.00 336,000.00 336,000.00 336,000.00

HR Administrative Assistant 1 23,000.00 276,000.00 276,000.00 276,000.00 276,000.00 276,000.00 276,000.00

Financial Planning Analysts 1 28,000.00 336,000.00 336,000.00 336,000.00 336,000.00 336,000.00 336,000.00

Direct Labor

Ticket Operator 36 13,980.00

2,013,120.00 4,026,240.00 6,039,360.00 6,039,360.00 6,039,360.00

Train Driver 9 15,000.00

540,000.00 1,080,000.00 1,620,000.00 1,620,000.00 1,620,000.00

Indirect Labor

Security Guards 36 13,980.00

2,013,120.00 4,026,240.00 6,039,360.00 6,039,360.00 6,039,360.00

Janitors/Janitress 36 13,980.00

2,013,120.00 4,026,240.00 6,039,360.00 6,039,360.00 6,039,360.00

TOTAL 125 297,940.00 2,892,000.00 9,471,360.00 16,050,720.00 22,630,080.00 22,630,080.00 22,630,080.00

Table 1.2 Annual Projection of Employee’s Salary

P a g e | 49

EMPLOYEE'S 13th MONTH PAY

POSITION EMPLOYEE

# BASIC

SALARY 2015 2016 2017 2018 2019 2020



General Manager 1 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00

Operations Engineer 1 33,000.00 33,000.00 33,000.00 33,000.00 33,000.00 33,000.00 33,000.00

Project Engineer 1 33,000.00 33,000.00 33,000.00 33,000.00 33,000.00 33,000.00 33,000.00

Assistant Engineer 1 23,000.00 23,000.00 23,000.00 23,000.00 23,000.00 23,000.00 23,000.00


1 33,000.00 33,000.00 33,000.00 33,000.00 33,000.00 33,000.00 33,000.00

HR Manager 1 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00

HR Administrative Assistant 1 23,000.00 23,000.00 23,000.00 23,000.00 23,000.00 23,000.00 23,000.00

Financial Planning Analysts 1 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00

Direct Labor

Ticket Operator 36 13,980.00

167,760.00 335,520.00 503,280.00 503,280.00 503,280.00

Train Driver 9 15,000.00

45,000.00 90,000.00 135,000.00 135,000.00 135,000.00

Indirect Labor

Security Guards 36 13,980.00

167,760.00 335,520.00 503,280.00 503,280.00 503,280.00

Janitors/Janitress 36 13,980.00

167,760.00 335,520.00 503,280.00 503,280.00 503,280.00

TOTAL 125 297,940.00 241,000.00 789,280.00 1,337,560.00 1,885,840.00 1,885,840.00 1,885,840.00

Table 1.3 Employee’s 13th Month Pay

P a g e | 50

SALARY WITH DEDUCTIONS

Salary deductions are mandated fees collected by the government. These are deductions collected from the

employee's income and are used to give benefits and loans to employees. GRT Corporation will be participating in this

legal responsibilities to ensure the future of its employees.

SSS or the Social Security System is one of the deductions in employee's income. The collected deduction from

employees is submitted to the Social Security system. The fees collected from the employees are accumulated,

and in time mandated by the government agency, loans are made available to members.

Philhealth Contribution is another contribution collected from the employees. These contributions are intended for

the employee's health welfare. When emergency times come, Philhealth provides discounts and medical benefits

to help in employee's medical needs.

Pag-ibig fund contribution is also deducted from employee's salary. In return, employees are given loan privileges

for housing purposes.

Withholding Taxes Withholding taxes are individual taxes coming from each employee. These taxes are given to

the government. The percentage of deduction for each employee will be based on the individual's salary as well on

the number qualified dependents.

o Net pay of labors are the amount that retained in the salary of the workers after the deduction from SSS,

Philhealth, Pag-ibig, and Withholding Tax are made.

P a g e | 51

EMPLOYEES BASIC SALARY WITH DEDUCTIONS

POSITION BASIC

SALARY GROSS

PAY

DEDUCTIONS

NET PAY SSS

CONTRIBUTION

PHILHEALTH CONTRIBUTIO

N

PAG-IBIG CONTRIBUTIO

N

WITHOLDING TAX


General Manager 40,000.00 40,000.00 581.30 437.50 800.00 8,331.03 29,850.17

Operations Engineer 33,000.00 33,000.00 581.30 412.50 660.00 6,238.53 25,107.67

Project Engineer 33,000.00 33,000.00 581.30 412.50 660.00 6,238.53 25,107.67

Assistant Engineer 23,000.00 23,000.00 581.30 287.50 460.00 3,424.55 18,246.65


33,000.00 33,000.00 581.30 412.50 660.00 6,238.53 25,107.67

HR Manager 28,000.00 28,000.00 581.30 350.00 560.00 4,757.28 21,751.42


23,000.00 23,000.00 581.30 287.50 460.00 3,424.55 18,246.65

Financial Planning Analysts

28,000.00 28,000.00 581.30 350.00 560.00 4,757.28 21,751.42

Direct Labor

Ticket Operator 13,980.00 13,980.00 508.70 162.50 100.00 1,350.09 11,858.71

Train Driver 15,000.00 15,000.00 545.00 187.50 300.00 1,514.57 12,452.93

Indirect Labor

Security Guards 13,980.00 13,980.00 508.70 162.50 100.00 1,350.09 11,858.71

Janitors/Janitress 13,980.00 13,980.00 508.70 162.50 100.00 1,350.09 11,858.71

TOTAL 297,940.0

0 297,940.0

0 6,721.50 3,625.00 5,420.00 48,975.12

233,198.38

Table 2.1 Employee’s Basic Salary Deductions

P a g e | 52

EMPLOYEE'S SSS CONTRIBUTION

POSITION EMPLOYEE

# BASIC

SALARY SSS MONTHLY

CONTRIBUTION 2015 2016 2017 2018 2019 2020


General Manager 1 40,000.00 581.30 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60

Operations Engineer 1 33,000.00 581.30 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60

Project Engineer 1 33,000.00 581.30 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60

Assistant Engineer 1 23,000.00 581.30 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60


1 33,000.00 581.30 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60

HR Manager 1 28,000.00 581.30 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60

HR Administrative Assistant 1 23,000.00 581.30 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60

Financial Planning Analysts 1 28,000.00 581.30 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60 6,975.60

Direct Labor

Ticket Operator 36 13,980.00 508.70

73,252.80 146,505.60 219,758.40 219,758.40 219,758.40

Train Driver 9 15,000.00 545.00

19,620.00 39,240.00 58,860.00 58,860.00 235,440.00

Indirect Labor

Security Guards 36 13,980.00 508.70

73,252.80 146,505.60 219,758.40 219,758.40 219,758.40

Janitors/Janitress 36 13,980.00 508.70

73,252.80 146,505.60 219,758.40 219,758.40 219,758.40

TOTAL 125 297,940.00

55,804.80 295,183.20 534,561.60 773,940.00 773,940.00 950,520.00

Table 2.3 Employee’s SSS Contribution

P a g e | 53

EMPLOYER'S SSS CONTRIBUTION

POSITION EMPLOYE

E # BASIC

SALARY

SSS MONTHLY CONTRIBUTIO

N 2015 2016 2017 2018 2019 2020


General Manager 1 40,000.00 1,178.70 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40

Operations Engineer 1 33,000.00 1,178.70 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40

Project Engineer 1 33,000.00 1,178.70 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40

Assistant Engineer 1 23,000.00 1,178.70 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40


1 33,000.00 1,178.70 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40

HR Manager 1 28,000.00 1,178.70 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40


1 23,000.00 1,178.70 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40


1 28,000.00 1,178.70 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40 14,144.40

Direct Labor

Ticket Operator 36 13,980.00 1,031.30

148,507.20

297,014.40 445,521.60 445,521.60 445,521.60

Train Driver 9 15,000.00 1,105.00

39,780.00 79,560.00 119,340.00 119,340.00 477,360.00

Indirect Labor

Security Guards 36 13,980.00 1,031.30

148,507.20

297,014.40 445,521.60 445,521.60 445,521.60

Janitors/Janitress 36 13,980.00 1,031.30

148,507.20

297,014.40 445,521.60 445,521.60 445,521.60

TOTAL 125 297,940.0

0 113,155.2

0 598,456.8

0 1,083,758.4

0 1,569,060.0

0 1,569,060.0

0 1,927,080.0

0

Table 2.4 Employer’s SSS Contribution

P a g e | 54

EMPLOYEE'S PHILHEALTH CONTRIBUTION

POSITION EMPLOYEE

# BASIC

SALARY

PHILHEALTH MONTHLY

CONTRIBUTION 2015 2016 2017 2018 2019 2020


General Manager 1 40,000.00 437.50 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00





1 33,000.00 412.50 4,950.00 4,950.00 4,950.00 4,950.00 4,950.00 4,950.00

HR Manager 1 28,000.00 350.00 4,200.00 4,200.00 4,200.00 4,200.00 4,200.00 4,200.00



Direct Labor


23,400.00 46,800.00 70,200.00 70,200.00 70,200.00

Train Driver 9 15,000.00 187.50

6,750.00 13,500.00 20,250.00 20,250.00 81,000.00

Indirect Labor


23,400.00 46,800.00 70,200.00 70,200.00 70,200.00


23,400.00 46,800.00 70,200.00 70,200.00 70,200.00

TOTAL 125 297,940.00

35,400.00 112,350.00 189,300.00 266,250.00 266,250.00 327,000.00

Table 2.6 Employee’s PhilHealth Contribution

P a g e | 55

EMPLOYER'S PHILHEALTH CONTRIBUTION

POSITION EMPLOYEE

# BASIC

SALARY

PHILHEALTH MONTHLY

CONTRIBUTION 2015 2015 2016 2017 2018 2019


General Manager 1 40,000.00 437.50 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00





1 33,000.00 412.50 4,950.00 4,950.00 4,950.00 4,950.00 4,950.00 4,950.00

HR Manager 1 28,000.00 350.00 4,200.00 4,200.00 4,200.00 4,200.00 4,200.00 4,200.00



Direct Labor


23,400.00 46,800.00 70,200.00 70,200.00 70,200.00

Train Driver 9 15,000.00 187.50

6,750.00 13,500.00 20,250.00 20,250.00 81,000.00

Indirect Labor


23,400.00 46,800.00 70,200.00 70,200.00 70,200.00


23,400.00 46,800.00 70,200.00 70,200.00 70,200.00

TOTAL 125 297,940.00

35,400.00 112,350.00 189,300.00 266,250.00 266,250.00 327,000.00

Table 2.6 Employer’s PhilHealth Contribution

P a g e | 56

EMPLOYEE'S PAG-IBIG CONTRIBUTION

POSITION EMPLOYEE

# BASIC

SALARY

PAG-IBIG MONTHLY

CONTRIBUTION 2015 2015 2016 2017 2018 2019


General Manager 1 40,000.00 800.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00 9,600.00





1 33,000.00 660.00 7,920.00 7,920.00 7,920.00 7,920.00 7,920.00 7,920.00

HR Manager 1 28,000.00 560.00 6,720.00 6,720.00 6,720.00 6,720.00 6,720.00 6,720.00



Direct Labor


14,400.00 28,800.00 43,200.00 43,200.00 43,200.00

Train Driver 9 15,000.00 300.00

10,800.00 21,600.00 32,400.00 32,400.00 129,600.00

Indirect Labor


14,400.00 28,800.00 43,200.00 43,200.00 43,200.00


14,400.00 28,800.00 43,200.00 43,200.00 43,200.00

TOTAL 125 297,940.00

57,840.00 111,840.00 165,840.00 219,840.00 219,840.00 317,040.00

Table 2.7 Employee’s PAG-IBIG Fund Contribution

P a g e | 57

EMPLOYEE'S WITHOLDING TAX

POSITION EMPLOYE

E # BASIC

SALARY

MONTHLY WITHOLDIN

G TAX 2015 2016 2017 2018 2019 2020


General Manager 1 40,000.00 8,331.03 99,972.36 99,972.36 99,972.36 99,972.36 99,972.36 99,972.36

Operations Engineer 1 33,000.00 6,238.53 74,862.36 74,862.36 74,862.36 74,862.36 74,862.36 74,862.36

Project Engineer 1 33,000.00 6,238.53 74,862.36 74,862.36 74,862.36 74,862.36 74,862.36 74,862.36

Assistant Engineer 1 23,000.00 3,424.55 41,094.60 41,094.60 41,094.60 41,094.60 41,094.60 41,094.60


1 33,000.00 6,238.53 74,862.36 74,862.36 74,862.36 74,862.36 74,862.36 74,862.36

HR Manager 1 28,000.00 4,757.28 57,087.36 57,087.36 57,087.36 57,087.36 57,087.36 57,087.36


1 23,000.00 3,424.55 41,094.60 41,094.60 41,094.60 41,094.60 41,094.60 41,094.60


1 28,000.00 4,757.28 57,087.36 57,087.36 57,087.36 57,087.36 57,087.36 57,087.36

Direct Labor

Ticket Operator 36 13,980.00 1,350.09

194,412.96 388,825.92 583,238.88 583,238.88 583,238.88

Train Driver 9 15,000.00 1,514.57

54,524.52 109,049.04 163,573.56 163,573.56 654,294.24

Indirect Labor

Security Guards 36 13,980.00 1,350.09

194,412.96 388,825.92 583,238.88 583,238.88 583,238.88

Janitors/Janitress 36 13,980.00 1,350.09

194,412.96 388,825.92 583,238.88 583,238.88 583,238.88

TOTAL 125 297,940.0

0 520,923.3

6 1,158,686.7

6 1,796,450.1

6 2,434,213.5

6 2,434,213.5

6 2,924,934.2

4

Table 2.8 Employee’s Withholding Tax

P a g e | 58

REGULAR PAID HOLIDAY

Holiday Pay

Holiday pay refers to the payment of the regular daily wage for any unworked

regular holiday.Employees covered by the holiday pay rule are entitled to their basic

wage for any non-working regular holiday. Employees who would be working for the

said holiday will have a double pay.

Pursuant to the provisions of the Labor Code, as amended in relation to the

observance of declared holidays and in response to the queries received every time a

Presidential Proclamation or a law is enacted by Congress which declares certain

days either as a regular holiday, a special day or a special working holiday, the

following guidelines shall be observed by all employers in the private sector:

Unless otherwise modified by law, order, or proclamation, the following are the

twelve (12) regular holidays in a year under Executive Order No. 292, as amended by

Republic Act 9849:

o New Year’s Day - January 1

o Maundy Thursday - Movable Date

o Good Friday - Movable Date

o Araw ng Kagitingan - April 9

o Labor Day - May 1

o Independence Day - June 12

o National Heroes’ Day - Last Monday of August

o Bonifacio Day - November 30

o Eid’l Fitr - Movable Date

o Eid’l Adha - Movable Date

o Christmas Day - December 25

o Rizal Day - Monday nearest December 30

P a g e | 59

The following rules shall apply:

1. If it is an employee’s regular workday

o If unworked – 100%

o If worked:

1st 8 hours – 200%

excess of 8 hours – plus 30% of hourly rate on said day

2. If it is an employee’s rest day

o If unworked – 100%

o If worked

1st 8 hours – plus 30% of 200%

excess of 8 hours – plus 30% of hourly rate on said day

Premium Pay

Premium pay refers to the additional compensation for work performed within

eight (8) hours on non-work days, such as rest days and special days.

Unless otherwise modified by law, order, or proclamation, the following are the

three (3) special days in a year under Executive Order No. 292, as amended by

Republic Act 9849 that shall be observed in the Philippines:

o Ninoy Aquino Day - August 21

o All Saints Day - November 1

o Last Day of the Year - December 31

The following rules shall apply:

1. If unworked

o No pay, unless there is a favorable company policy, practice or

collective bargaining agreement (CBA) granting payment of wages on

special days even if unworked.

P a g e | 60

2. If worked

o 1st 8 hours – plus 30% of the daily rate of 100%

o excess of 8 hours – plus 30% of hourly rate on said day

o Falling on the employee’s rest day and if worked

o 1st 8 hours – plus 50% of the daily rate of 100%

o excess of 8 hours – plus 30% of hourly rate on said day

For those declared as special working holidays, the following rules shall apply:

o For work performed, an employee is entitled only to his basic rate. No

premium pay is required since work performed on said days is

considered work on ordinary working days.

Professional Fee

The company will have an On-Call CPA Consultant that will be paid PHP

8,000.00 quarterly.

PROFESSIONAL FEE FOR ON-CALL CPA CONSULTANT

2015 2016 2017 2018 2019

Annual Gross Pay 32,000.00 32,960.00 33,948.80 34,967.26 36,016.28

Withholding Tax 11,317.56 11,657.09 12,006.80 12,367.00 12,738.01

Annual Net Pay 20,682.44 21,302.91 21,942.00 22,600.26 23,278.27

Table 4.1 Professional Fee for On-Call CPA Consultant

The company will hire a Construction Supervisor/Estimator until the project

(rebuilding of Northrail transit which is from Tutuban, Manila to Dagupan, Pangasinan)

is complete which is projected to be done on 2018. He will be paid PHP 33,000.00

monthly.

Christian

Highlight

P a g e | 61

PROFESSIONAL FEE FOR CONSTRUCTION SUPERVISOR/ESTIMATOR

2015 2016 2017 2018

Annual Gross Pay 396,000.00 396,000.00 396,000.00 396,000.00

Deductions (SSS, Philhealth, Pag-

ibig) 19,845.60 19,845.60 19,845.60 19,845.60

Withholding Tax 74,862.36 74,862.36 74,862.36 74,862.36

Annual Net Pay 301,292.04 301,292.04 301,292.04 301,292.04

Table 4.2 Professional Fee for Construction Supervisor/Estimator

P a g e | 62

BUSINESS TIMELINE

Prior to the actual business operation, it is part of the process to fulfill the necessary pre-operating requirements

and the responsibilities. In order to do this, the company recognized organizational structure from selection of business

supported with a feasibility study and the following company activities that will support the legality, manpower

requirements, safe and engineered facility, competitiveness and strong market impact of the company.

The proponents use Gantt chart to show the scheduling of company activities from selecting a business to be

established up to the normal start of operation.

P a g e | 63

BUSINESS TIMELINE

ACTIVITY

2015 2015 201

6 2017 2018

JULY AUGUST SEPTEM

BER OCTOBE

R NOVEM

BER DECEMBE

R JANUARY

FEBRUARY

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 2014 - 2015

1 2015 - 2016

1 2017 - 2018

1 2 3 4

1 Selection of business.

2 Feasibility study of business.

3 Canvassing of office furniture, supplies, and equipment.

4 Registration of business.

5 Purchasing of office furniture, supplies, and equipment.

6 Hiring, orientation, and training of business administration and construction firm.

7 Reconstruction of establishment.

8 Start of operation.


8 Start of operation.


12 Regular operations.

Christian

Highlight

P a g e | 64

MANAGEMENT ASSUMPTIONS

The following assumptions were made in order to compute the administrative

expenses:

The proponents assume that there are 15 holidays in a year; 12 regular

holidays and 3 special holidays under Executive Order No. 292 as amended

by RA 9849.

The proponents based the SSS contribution of the employees on the current

SSS Contribution table.

The proponents based the PhilHealth contribution of employees on the

current PhilHealth Contribution Table.

The proponents used the fixed P 100.00 HDMF Contribution for minimum

wage earner-employees only, and 2% rate of basic salary for others.

The proponents assume that in a year, there will be 3 stations that are

built/finished and will be operational.

P a g e | 65

MARKETING ASPECT

P a g e | 66

Marketing Aspect

The marketing aspect of the feasibility aspect will consider the major nature of

business, service description, the marketplace and industrial analysis and the marketing

strategy. Demand and supply will be analyzed to know the target market shares.

Service Description

Gicha Ressha Train Company manages Manila – Dagupan railroad which cover

major towns: Bulacan, Pampanga, Tarlac and Pangasinan from Manila and vice versa.

Our train will provide own comfortable seats and own air-condition. Quality and

safety is guaranteed to the passengers in their whole trip. Upon entering the stations,

there will be reliable security guards roaming around and responsible to provide quality

customer service that they need. Ticket vending machines and ticket booths are

available to easy access magnetic card train ticket.

To further increase customer satisfaction, the company is assured that

passengers are at ease in traveling. Gicha Ressha Train (GRT) will strive to build a

loyal customer service by offering a great facility during waiting and during the ride from

Manila to Dagupan City.

Market Comparison

Buses will be the direct competitors of Manila – Dagupan Railroad base on

routes. Presently, they are the one providing transportation for passengers who to travel

to Northern Luzon.

Christian

Highlight

P a g e | 67

Industry Analysis

Philippines’ railroad transportation can be considered as a developing mode of

transportation. Picture below shows (fig. 1) the growing phase of railroad transportation.

However, most of the routes are only in inter-city.

Figure 4 Transit System Map

P a g e | 68

According to the National Statistical Coordination Board (NSCB) in 2009, 74.7%

of the population belongs to low – income class family that earns an average of P9,061

per month. They can’t afford to buy luxury goods like cars, apple gadgets and etc.

During peak seasons: Holy Week, All Saint’s Day, All Souls Day, Christmas and New

Year, normally people travel to provinces. As of now, buses are usually used mode of

transportation that travels to Northern Luzon. A bus has a normal capacity of 50 or more

seats for passengers.

Figure 2 shows how frequently people travel to Northern Luzon using bus. 35%

went to their provinces once a month. 28.05% said they travel to Northern Luzon once a

year. 20.50% of the population travels every week. 16% travel seldom, occasionally,

twice or thrice a year.

Base on buses fare, Manila to Dagupan back and forth in ordinary bus is 552 and

700 pesos back and forth in air – conditioned buses. Passengers usually encounter

20.50%

35%

28.50%

16%

Every Week

Once a month

Once a year

Others

Figure 5 Percentage of how often people travel using bus

P a g e | 69

problems such as high fare, traffic, sudden malfunction, long waiting time, accidents and

long travel time.

Bus Travel Time

From To Distance Time

Via With Traffic No Traffic

Cubao Bocaue 26.1 km 2 hrs 1 hr 10min

Sapang Palay-Sta Cruz D.

Jose via Sta Maria

Cubao Malolos 42.5 km 3 hrs 2h 34 min

Baclaran-SM Fairview via Quezon Avenue and

Manila - Banaue

Cubao San

Fernando 80.3 km 3hrs 2h 5 min

Avenida - Balanga

Cubao Angeles 92.8 km 3 hrs 2h 32 mins Avenida -

Dau

Cubao Capas 118.3 km 3 hrs 2 hr 30 mins Cubao - Tarlac

Cubao Tarlac 131.5 km 4 hrs 3 hr 41 mins Espana Blvd

- Candon City and

Cubao Bayambang 179.9 km 6 hrs 5hr 41 mins

Avenida - Baguio and Aurora Blvd - San Carlos

City

Cubao Dagupan 214 km 8 hrs 6hr 52 mins

Avenida – Baguio

And Cubao - Dagupan

Table 1 Time Flow of Bus

P a g e | 70

Figure 6 Bus in the Philippines with 50 seats

Figure 7 Industrial Framework

P a g e | 71

Market Analysis

People using trains have shown steady growth. People traveling to Northern

Luzon are the one who will the company foresee to serve. The total target population is

881,651.

Location Population Percentage of Willing to Ride

the train Total

Tutuban 233,240 20.78% 183,240

Bocaue 86,994 5.69% 50,156

Malolos 112,375 10.48% 92,375

Capas 125,852 9.44% 83,211

Tarlac 143,600 14.70% 129,600

San Fernando

150,762 10.86% 95,762

Angeles 208,268 11.03% 97,268

Bayambang 111,521 6.07% 53,497

Dagupan 163,676 10.95% 96,542

Total 1,336,288 100.00% 881,651

To determine the projected population for years 2015 – 2019, an average growth

rate of 1.90% was used. Table 15 shows the projected population for the next five

years.

Year Target Population

2015 898,402

2016 915,472

2017 932,866

2018 950,590

2019 968,652 Table 3 Projected Population

Bus companies are currently the available and serving the market. For now, they

have the ability of mass transportation going from Manila to Dagupan and vice versa.

Table 2 Total Population for the Year 2014

Christian

Highlight

P a g e | 72

The proponents conducted a survey to 400 respondents that represent the total

population if the target market. Slovin’s Formula was used to determine the sample size

with 5% margin of error. For the computation of sample size, see appendices.

Demand Analysis

Figure 5 shows the mode of transportation used by passengers going to Northern

Luzon. The research shows 85.50% of the population used buses. 8.75% responded

that they travel using their private cars. 5.75% used jeepneys in going to Northern

Luzon.

8.75%

85.50%

5.75%

Cars

Buses

Jeepneys

Figure 8 Mode of Transportation going to Northern Luzon

P a g e | 73

Year Target

Population

% of Population

who are willing to ride train

Market Acceptability

Potential Target Market

Percentage Frequency Annual Demand

Total Annual Demand Every

Week Once a month

Once a year

Others Every Week Once a month

Once a year

Others

2014 881,651 47.25% 71.25% 296,813.32 20.50% 35.00% 28.50% 16.00% 3,285,723.45 1,246,615.94 84,591.80 189,960.52 4,806,891.71

Table 4 Annual Demand for Manila - Dagupan Railroad Usag

P a g e | 74

Table 4 shows the demand for railroad transportation in the year 2014; the potential target market is calculated by

multiplying the target population to the percentage of population who are willing to use a train and market acceptability.

Annual demand is the product of potential target market, percentage of how people often use bus and number of days.

Finally, the total annual demand is obtained by adding all the annual demand for Manila – Dagupan Railroad usage.

Table 5 Projected Demand of Train Passengers

Year Target

Population

% of Population






Week Once a month

Once a year

Others Every Week

(54) Once a month

(12)

Once a year (1)

Others (4)

2015 898,402 47.25% 71.25% 302,452.77 20.50% 35.00% 28.50% 16.00% 3,348,152.19 1,270,301.64 86,199.04 193,569.77 4,898,222.65

2016 915,472 47.25% 71.25% 308,199.38 20.50% 35.00% 28.50% 16.00% 3,411,767.08 1,294,437.38 87,836.82 197,247.60 4,991,288.88

2017 932,866 47.25% 71.25% 314,055.16 20.50% 35.00% 28.50% 16.00% 3,476,590.66 1,319,031.69 89,505.72 200,995.30 5,086,123.37

2018 950,590 47.25% 71.25% 320,022.21 20.50% 35.00% 28.50% 16.00% 3,542,645.88 1,344,093.29 91,206.33 204,814.22 5,182,759.71

2019 968,652 47.25% 71.25% 326,102.63 20.50% 35.00% 28.50% 16.00% 3,609,956.15 1,369,631.06 92,939.25 208,705.69 5,281,232.15

P a g e | 75

Supply Analysis

Gicha Ressha Train Company is in the business in line with constructing railroad

system. Within the location for the stations chose by the proponents, bus transportation

services are the one that offer the same route as Manila – Dagupan line. On the other

hand, the proponent thought an improved mass transportation that can provide a

smooth ride.

Bus companies will be the direct competitor within the area that the business will

operate. These competitors are currently the provider of the said service. Supply is

important to fulfill the demand of the people.

Operating

Hours

No. of authorized

Unit/s

No. of passengers

per bus

Total no. of Passengers

Annual Supply (365)

Bus 16 219 50 10,950 3,996,750 Total 3,996,750

Table 6 Competitor's Supply in 2014

Figure 9 Projected Demand for Train Usage

4,700,000.00

4,800,000.00

4,900,000.00

5,000,000.00

5,100,000.00

5,200,000.00

5,300,000.00

5,400,000.00

2015 2016 2017 2018 2019

P a g e | 76

Table 6 shows the annual competitor’s supply of buses in 2014. The proponents

conducted a time and motion study to several bus terminals to compute for the annual

supply. Result shows that total annual supply of buses for the year 2014 is 3,996,750.

Projecting supply is a way of forecasting sales. This enables the business to

decide on its production capacity and marketing strategies.

Year Supply

2015 4,196,588

2016 4,406,417

2017 4,626,738

2018 4,858,075

2019 5,100,978

Table 7 Projected Competitor's Supply 2015 – 2019

Figure 10 Projected Competitor's Supply

Sup

ply

P a g e | 77

Demand – Supply Analysis

Demand Gap is equal to the number of potential customers less the supply of the

competitors. Computation for the demand gap stems from the competitors’ capacity to

supply the demand of the target market annually. Table 8, shows the computed demand

gap and its percentage for the year 2014.

Frequency Percentage

Demand Gap 810,142 16.85%

Competitors Supply 3,996,750 83.15%

Total Demand 4,806,891.71 100.00% Table 8 Demand - Supply Gap 2014

16.85%

83.15%Demand Gap

Bus

Figure 11 Percentage of Competitor's Supply and Demand Gap

The figure below shows the market share of GRT Company and competitor’s

supply including the demand gap for the year 2014. The pie chart below shows that the

demand gap is 16.85%

P a g e | 78

2015 2016 2017 2018 2019

Competitor's Supply 4196587.5 4406416.875 4626737.719 4858074.605 5100978.335

Total Demand 4,898,223 4,991,289 5,086,123 5,182,760 5,281,232

Store Capacity 867,716 921,948 976,180 1,030,412 1,084,644

Market Share 86% 88% 91% 94% 97%

Table 9 Market Share

The projected demand is greater than the projected supply throughout the study

time presentation. The market share of GRT Company is ascending which means that

the business is feasible but still, it must think through and improve marketing strategies

to satisfy demand.

Year Sale – VAT Inclusive Sale – Vat Exclusive

2015 105,208,564.82 93,936,218.59

2016 193,410,591.30 172,688,027.94

2017 628,729,822.81 561,365,913.22

2018 635,017,121.04 566,979,572.35

2019 641,367,292.25 572,649,368.08

Table 9 Computed Sale for five years of operation

P a g e | 79

Customer Analysis

Passengers going to Northern Luzon are the traditional customers in the market

for they are traveling by buses, cars and jeepneys.

The target market was segmented according to location. The target market

consists of passengers traveling to Bulacan, Pampanga, Tarlac and Pangasinan from

Tutuban Manila and vice versa.

Customers have different perceptions in availing a certain service. Some are

convinced by advertisements. Others were persuaded by price, benefits and its

standing in the market. Several are influenced by famous personality and some avail

because they just need it.

Figure 12 shows problem encountered by passengers when traveling by bus.

Passengers commonly complain on high fare, traffic and sudden malfunction of vehicle

0

100

200

300

400

500

600

Traffic Sudden Malfunction High Fare Others

Tally

Figure 12 Problems encountered of passengers when traveling

P a g e | 80

(bus). Others were bothered of long waiting time, difficult to find a bus when rush hour,

long traveling time and bus accidents.

Target Market Strategy

Quality and safety traveling are the priorities of our services. Since there is

already a railroad track from Tutuban to Dagupan, our primary target market will be the

passengers going from Manila to Bulacan, Pampanga, Tarlac and Pangasinan and vice

versa for leisure or business purposes.

Based on surveys, passengers encounter several problems when traveling like

traffic, sudden malfunction of vehicle, high fare, long waiting time, difficult to find a bus

when rush hour, long traveling time and bus accidents. These problems portray the

needs of the customers.

Gicha Ressha Train Company will endorse and maximize the best of our service

to every individual. It is our strategy to encourage our customers and for them to

patronize the service.

P a g e | 81

As the data shown in figure 13, 71.25% of the total sample population said that

they are mostly willing to travel from Manila to Northern Luzon and vice versa using

Manila – Dagupan Line.

Service Strategy

Trains allow passengers to travel in safety and comfort. It’s accessible to all and

transports a large number of people at a time. Usually, train is quicker than traveling by

road because there is no traffic. Trains are well - ventilated with air conditioners to

ensure comfort while traveling. Passengers can do other things while they are traveling

- talk on the phone, read, talk to others.

Overall, GRT Company will provide quality and safety travel services. Customers

will consider this service because of its superiority to offer travel service that will satisfy

their needs.

71.25%

27.50%

1.25%

Mostly

Sometimes

Never

Figure 13 Willingness of passengers to Travel by train

P a g e | 82

Pricing Strategy

Price is one of the most important factors that effects on the buying decision of

passengers. The table below shows the price of ticket.

Stations 2015 2016 2017 2018 2019

Tutuban to Bocaue 180 180 180 180 180 Tutuban to Malolos

Tutuban to San Fernando 230 230 230 230 230 Tutuban to Angeles

Tutuban to Capas 280 280 280 280 280

Tutuban to Tarlac 330 330 330 330 330

Tutuban to Bayambang 380 380 380 380 380

Tutuban to Dagupan 430 430 430 430 430

Table 10 Projected GRT Ticket Price for Five Years

P a g e | 83

Figure 14 Willingness to spend from Manila to first 4 stations

Figure 15 Willingness to spend from Manila to 5 - 8 stations

P a g e | 84



Figure 18 Willingness to spend from Manila to 17 to 20 stations

P a g e | 85


Figure 20 Willingness to spend from Manila to 25 -28 stations

Figures above shows the result of market research conducted to know the

market’s willingness to spend for our service.

Sales Strategy

GRT Company sales strategy emphases on generating profits and meeting

increased market share position to where we initially established our business.

P a g e | 86

Our sales strategy will be the opportunity to travel to provinces in without traffic.

Through this strategy, passengers will be encouraged to try our service.

Advertising and Promotion Strategy

Advertising and promotional communication are an important part of brand

marketing strategy. They are also a significant part of the cultural experience of millions

of consumers. GRT Company advertising strategy will be using government television

network.

Marketing and Sales

The sales of GRT Company are based on the survey result of acceptable sample

size representing the primary target market.

2015

Service Capacity Percentage Sales in Units Price Sales - VAT Inclusive 12% Sales - VAT exclusive

Tutuban 3,615,480 20.78% 751,432 - - - -

Bocaue 3,615,480 5.69% 205,680 180.00 37,022,407.59 3,966,686.53 33,055,721.07

Malolos 3,615,480 10.48% 378,812 180.00 68,186,157.22 7,305,659.70 60,880,497.52

TOTAL 105,208,564.82 11,272,346.23 93,936,218.59

2016


Tutuban 3,615,480 20.78% 826,574.93 - - - -

Bocaue 3,615,480 5.69% 226,248.05 180.00 40,724,648.35 4,363,355.18 36,361,293.17

Malolos 3,615,480 10.48% 416,693.18 180.00 75,004,772.94 8,036,225.67 66,968,547.27

San Fernando

3,615,480 9.44% 73,148 230.00 16,824,040.00 1,802,575.71 15,021,464.29

Angeles 3,615,480 14.70% 109,419 230.00 25,166,370.00 2,696,396.79 22,469,973.21

Capas 3,615,480 10.86% 127,467 280.00 35,690,760.00 3,824,010.00 31,866,750.00

TOTAL 193,410,591.30 20,722,563.35 172,688,027.94

P a g e | 87

2017


Tutuban 4,067,415 20.78% 834,840.68 - - - -

Bocaue 4,067,415 5.69% 228,510.53 180.00 41,131,894.84 4,406,988.73 36,724,906.11

Malolos 4,067,415 10.48% 420,860.11 180.00 75,754,820.67 8,116,587.93 67,638,232.74

San Fernando

4,067,415 9.44% 73,879.48 230.00 16,992,280.40 1,820,601.47 15,171,678.93

Angeles 4,067,415 14.70% 110,513.19 230.00 25,418,033.70 2,723,360.75 22,694,672.95

Capas 4,067,415 10.86% 128,741.67 280.00 36,047,667.60 3,862,250.10 32,185,417.50

tarlac 4,067,415 11.03% 448,737 330.00 148,083,171.61 15,866,054.10 132,217,117.51

Bayambang 4,067,415 6.07% 246,803 380.00 93,785,307.45 10,048,425.80 83,736,881.65

Dagupan 4,067,415 10.95% 445,388 430.00 191,516,646.54 20,519,640.70 170,997,005.84

TOTAL 628,729,822.81 67,363,909.59 561,365,913.22

2018


Tutuban 4,293,383 20.78% 843,189.08 - - - -

Bocaue 4,293,383 5.69% 230,795.63 180.00 41,543,213.79 4,451,058.62 37,092,155.17

Malolos 4,293,383 10.48% 425,068.72 180.00 76,512,368.88 8,197,753.81 68,314,615.07

San Fernando

4,293,383 9.44% 74,618.27 230.00 17,162,203.20 1,838,807.49 15,323,395.72

Angeles 4,293,383 14.70% 111,618.32 230.00 25,672,214.04 2,750,594.36 22,921,619.68

Capas 4,293,383 10.86% 130,029.09 280.00 36,408,144.28 3,900,872.60 32,507,271.68

tarlac 4,293,383 11.03% 453,224.25 330.00 149,564,003.33 16,024,714.64 133,539,288.68

Bayambang 4,293,383 6.07% 249,271.48 380.00 94,723,160.52 10,148,910.06 84,574,250.47

Dagupan 4,293,383 10.95% 449,841.43 430.00 193,431,813.01 20,724,837.11 172,706,975.90

TOTAL 635,017,121.04 68,037,548.68 566,979,572.35

P a g e | 88

2019


Tutuban 4,519,350 20.78% 851,620.97 - - - -

Bocaue 4,519,350 5.69% 233,103.59 180.00 41,958,645.92 4,495,569.21 37,463,076.72

Malolos 4,519,350 10.48% 429,319.40 180.00 77,277,492.57 8,279,731.35 68,997,761.22

San Fernando

4,519,350 9.44% 75,364.46 230.00 17,333,825.24 1,857,195.56 15,476,629.68

Angeles 4,519,350 14.70% 112,734.51 230.00 25,928,936.18 2,778,100.30 23,150,835.87

Capas 4,519,350 10.86% 131,329.38 280.00 36,772,225.72 3,939,881.33 32,832,344.39

tarlac 4,519,350 11.03% 457,756.50 330.00 151,059,643.36 16,184,961.79 134,874,681.57

Bayambang 4,519,350 6.07% 251,764.19 380.00 95,670,392.13 10,250,399.16 85,419,992.97

Dagupan 4,519,350 10.95% 454,339.84 430.00 195,366,131.14 20,932,085.48 174,434,045.66

TOTAL 641,367,292.25 68,717,924.17 572,649,368.08

Table 11 Computed Sales For the Year 2015

Year Sale – VAT Inclusive Sale – Vat Exclusive

2015 105,208,564.82 93,936,218.59

2016 193,410,591.30 172,688,027.94

2017 628,729,822.81 561,365,913.22

2018 635,017,121.04 566,979,572.35

2019 641,367,292.25 572,649,368.08

Table 12 Computed Sales for five years operation

P a g e | 89

Figure 21 Sales for the years 2015 - 2019

P a g e | 90

TECHNICAL ASPECT

P a g e | 91

Technical Aspect

In this section shows the basic and operation flow of the business. Also the

technical principles and practices in the implementation of the project. Technical aspect

covers the materials, equipment, lay-out of the service, supplies of materials, structure

plan, location and expenses.

Technical aspect is one of the most important parts of the study because it

covers the technicality of the service in your business. It also covers the availability of all

the materials and properties of the business and it also requires that the location of the

business is near to the location of the operations and also to the customer.

Service Description

Railway transport is a kind of transportation that can carry people and goods that

the wheels are connected to the rails. It also called as train transport. Unlike vehicles

running on land, rail road vehicles are running directionally lead on the pathways that

are connected to the surface. Basically the tracks are steel rails that are installed in the

railroad tie and track ballast, on which the rolling stock with an installed metal wheels

moves.

Railroad transportation is one of the most convenient modes of transportation

today. Aside from being fast and cheap, it will cause you less time to go from one place

to another because there is no traffic ahead. Most of the people that are going to work

use this kind of transportation.

One of major concerns of passengers going to Northern provinces is high fare

because of the toll fees. Most people can’t afford to go to provinces especially the low –

income class family.

P a g e | 92

GRT Company is planning on reviving the railroad from Tutuban to Dagupan in

order to help the passengers to go to these provinces in a fast way with cheaper price.

The company aims to make the railroad more suitable to passengers especially to the

low - income class family and also to allow traveling of goods coming from these

provinces.

Location

Figure 22 GRT Company Office Location

P a g e | 93

Figure 23 Satellite View Map

Figure 24 Actual Site

P a g e | 94

The site is located at 3F Natividad Building T.M. Kalaw Street Ermita, Manila with

a measurement of 150 sqm. This business will be targeting the Manila - Dagupan

Railway that was closed since 1939. This area will include offices, conference rooms,

pantry, comfort rooms, lobby, elevators and parking space.

Route Map

Figure 25 Route Map Tutuban to Dagupan

P a g e | 95

On figure, this will be the route map of the railway from Tutuban (Manila) to

Dagupan (Pangasinan). It has a total distance of 214 km and has a travel time of 1 hour

and 46 mins.

Building and Facilities

There will be stations in Tutuban in Manila, Bocaue and Malolos in Bulacan, San

Fernando and Angeles in Pampanga, Capas and Tarlac City in Tarlac, and Bayambang

to Dagupan in Pangasinan.

Each stations consist of a manual type of ticket system and an automatic type of

ticket system. It also have a ticketing system for PWD (Persons with Disability). GRT

Company Office is located just 2.5 kilometers from the Tutuban station to easily monitor

the line. All the stations of Manila – Dagupan Line will have the same appearance of

building to easily recognize by the people.

Tutuban Station

P a g e | 96

Malolos Station

Bocaue Station

P a g e | 97

San Fernando Station

Angeles Station

P a g e | 98

Capas Station

Tarlac City Station

P a g e | 99

Bayambang Station

Dagupan Station

P a g e | 100

Figure 26 GRT Office Layout

P a g e | 101

Figure 27 Electrical Layout

P a g e | 102

Figure 28 Station Layout

P a g e | 103

Time Travel

Tutu

ba

n

Bo

ca

ue

Ma

lolo

s

Sa

n

Fern

and

o

An

ge

les

Cap

as

Tarc

lac C

ity

Ba

ya

mba

ng

Dag

upa

n

Tutuban 0 km 0.22 0.52 0.84 0.95 1.15 1.27 1.67 1.95

Bocaue 26.1 km 0.22 0.14 0.62 0.73 0.94 1.05 1.45 1.74

Malolos 42.5 km 0.52 0.14 0.32 0.59 0.80 0.91 1.32 1.43

San Fernando 80.3 km 0.84 0.62 0.32 0.10 0.49 0.60 1 1.28

Angeles 92.8 km 0.95 0.73 0.59 0.10 0.21 0.49 0.90 1.18

Capas 118.2 km 1.15 0.94 0.80 0.49 0.21 0.11 0.68 0.97

Tarlac City 131.5 km 1.27 1.05 0.91 0.60 0.49 0.11 0.40 0.86

Bayambang 179.9 km 1.67 1.45 1.32 1 0.90 0.68 0.40 0.28

Dagupan 214 km 1.95 1.74 1.43 1.28 1.18 0.97 0.86 0.28

Table 13 Station's Distance from Tutuban

Table 14 Travel Time in hours with a speed of 120 km/hr. and an interval of 10 minutes per station.

Stations Code Distance

Tutuban TU 0 km

Bocaue BO 26.1 km

Malolos MAL 42.5 km

San Fernando SF 80.3 km

Angeles AN 92.8 km

Capas CP 118.2 km

Tarlac City TC 131.5 km

Bayambang BY 179.9 km

Dagupan DG 214 km

P a g e | 104

Station Time

Tutuban 5:00am, 7:00am, 9:00am, 11:00am,

1:00pm, 3:00pm, 5:00pm, 7:00m, 9:00pm

Bocaue 5:14am, 7:14am, 9:14am, 11:14am, 1:14pm, 3:14pm, 5:14pm, 7:14pm,

9:14pm

Malolos 5:32am, 7:32am, 9:32am, 11:32am, 1:32pm, 3:32pm, 5:32pm, 7:32pm,

9:32pm

San Fernando 5:51am, 7:51am, 9:51am, 11:51am, 1:51pm, 3:51pm, 5:51pm, 7:51pm,

9:51pm

Angeles 5:57am, 7:57am, 9:57am, 11:57am, 1:57pm, 3:57pm, 5:57pm, 7:57pm,

9:57pm

Capas 6:09am, 8:09am, 10:09am, 12:09pm,

2:09pm, 4:09pm, 6:09pm, 8:09pm, 10:09pm

Tarlac City 6:17am, 8:17am, 10:17am, 12:17pm,

2:17pm, 4:17pm, 6:17pm, 8:17pm, 10:17pm

Bayambang 6:41am, 8:41am, 10:41am, 12:41pm,

2:41pm, 4:41pm, 6:41pm, 8:41pm, 10:41pm

Dagupan 6:57am, 8:57am, 10:57am, 12:57pm,

2:57pm, 4:57pm, 6:57pm, 8:57pm, 10:57pm

Table 15 Train Schedules from Tutuban

P a g e | 105

Station Time

Dagupan 5:00am, 7:00am, 9:00am, 11:00am, 1:00pm,

3:00pm, 5:00pm, 7:00m, 9:00pm

Bayambang 5:17am, 7:17am, 9:17am, 11:17am, 1:17pm,

3:17pm, 5:17pm, 7:17pm, 9:17pm

Tarlac City 5:52am, 7:52am, 9:52am, 11:52am, 1:52pm,

3:52pm, 5:52pm, 7:52pm, 9:52pm

Capas 5:59am, 7:59am, 9:59am, 11:59am, 1:59pm,

3:59pm, 5:59pm, 7:59pm, 9:59pm

Angeles 6:11am, 8:11am, 10:11am, 12:11pm, 2:11pm,

4:11pm, 6:11pm, 8:11pm, 10:11pm

San Fernando 6:14am, 8:14am, 10:14am, 12:14pm, 2:14pm,

4:14pm, 6:14pm, 8:14pm, 10:14pm

Malolos 6:26am, 8:26am, 10:26am, 12:26pm, 2:26pm,

4:26pm, 6:26pm, 8:26pm, 10:26pm

Bocaue 6:45am, 8:45am, 10:45am, 12:45pm, 2:45pm,

4:45pm, 6:45pm, 8:45pm, 10:45pm

Tutuban 6:57am, 8:57am, 10:57am, 12:57pm, 2:57pm,

4:57pm, 6:57pm, 8:57pm, 10:57pm

Table 16 Train Schedules From Dagupan

P a g e | 106

Serving Process

The diagram below shows the Magnetic Card Ticket that customers will be using

is entering the premises in order to ride the train. This will be the key of entering and

exiting in the train. Stored value will worth 300 pesos good for 6 months, and the Single

Journey ticket will be good for only the day the customer buys it.

Figure 30 Stored Value Template

Figure 29 Single Journey Template

P a g e | 107

Process Average Distance Average Time Remarks

- - -

4 m 7 s -

- 5 s Money

5 m 8 s -

- 2 s Train Ticket

5 m 4 s -

Total 14 meters 26 seconds

Figure 31 Entering Station

The

passenger

will enter

the station

The passenger will go

to the ticket vendor

The passenger will

buy the ticket from the

ticket vendor

The passenger will go to

the automatic card

reader

The

passenger

will enter

the train

The passenger will

insert the ticket in the

automatic card reader

P a g e | 108

Process Average

Distance Average Time Remarks

- - -

5 m 5s -

- 2s Train Ticket

9 m -

Total 14 meters 7 Seconds

Figure 32 Exit on station

The

passenger

will exit the

train

The

passenger

will exit the

station

The passenger will

insert the ticket in the

automatic card reader

The passenger will go

to the automatic card

reader

P a g e | 109

Service

Year

2015 2016 2017 2018 2019

Train 3,615,480 3,615,480 4,067,415 4,293,383 4,519,350

Total 3,615,480 3,615,480 4,067,415 4,293,383 4,519,350

Figure 33 Store Capacity

Materials and Equipment

Materials and equipment serves an important role in the business in order to be

profitable and to be able to run in a long term. GRT Company believes that providing

the best service can satisfy the customers during on the station

P a g e | 110

Service Supplies (Direct Supplies)

Item Unit Cost Quantity/Sup

plier Total Cost

Life span

Depreciation Cost

1. Train

1 pc 153,750,875 9/ Japan Railway System

307,501,750 50

years 28,395,157.5

2. Railway

1 km 34,400,000 214/ Japan

Railway System

7,361,600,000 50

years 147,232,000

3. Clock

1 pc 295 18/ Western

Digital 5,310 5 years 1,062

4. Automatic Card Reader

1 pcs 150,000 72/ 10,800,000 15

years 720,000

5. Magnetic Card Ticket

1 pc 45.15

900,000/ Shenzhen

Chuangxinjia RFID Tag Co.,

Ltd.

40,635,000

P a g e | 111

6. CCTV Camera

1 Package

1,180 10/ CDR

King 11,800

5 years

5 years

TOTAL 8,756,205,665 175,636,715.50

Item Unit Unit Cost

Quantity

(Annual)/

Supplier

Total Cost Life Span Depreciation Cost

1. Computer Set

1 Set 4,500

8/ Pc Gilmore

Computer

Center

36,000 5 years

7200.00

2. 3 in 1 Printer

1 Unit 2,000

2/ Pc Gilmore

Computer

Center

4,000 5 years 800.00

3. Aircon

1 Unit 12,000

3/ Pc Gilmore

Computer

Center

36,000 10 years 3,600

4. Fax Machine

1 Unit 5,800 1/villman 5,800 5 years 1160

P a g e | 112

Item Unit Unit Cost

Quantity

(Annual)/

Supplier

Total Cost Life Span Depreciation Cost

5.Water Dispenser

1 unit 4,798 1/

Abenson 4,798 5 years 959.6

6.Refrigerator

1 unit 7,695 1/ Lazada 7,695 10 years 769.50

7. CCTV Camera

1

Pack

age

1,180 10/ CDR

King 11,800 5 years 2360.00

8. Microwave Oven

1 unit 3,368 1/Abenson 3,368 5 years 673.6

Total 109,461.00 17,522.70

Figure 34 Office Equipment

P a g e | 113

Item Unit Unit Cost Quantity (Annual)/ Supply

Total cost

1. Black Ballpen

25.00 pcs/box

90.00 6/ Office 1

e-shop 540.00

2. Paper Clips

100 pcs/ box

13.75 1/ Office 1

e-shop 13.75

3. Bond paper (A4)

1 Rim 140.00 1/Office 1

e-shop 165.00

4. Record Book (300 leaves)

1 pc 41.25 4/Office 1

e-shop 165.00

5. Folder (Long)

1 2.50 10/Office 1

e-shop 25.00

P a g e | 114

Item Unit Unit Cost

Quantity

(Annual)/

Supply

Total

cost

6. Marker

12 pcs/box 96.00 1/ Office 1

e-shop 96.00

7. Stapler

1 pc 45.00 2/ Office 1

e-shop 90.00

8. Staple wire

1 box 4.83 4/ Office 1

e-shop 19.32

9. Staple Remover

1 pc 12.00 2/ Office 1

e-shop 24.00

P a g e | 115

Item Unit Unit Cost

Quantity

(Annual)/

Supply

Total

cost

10. Journal

4 books/ set

400.00 1/Office 1

e-shop 400.00

11. Ink for Printer

1 set

1,200.00 1/ Office 1

e-shop 1,200.00

12. Paper roll

1 roll 8.75 80/ Office 1

e-shop 700.00

Total 3413.07 Total 3413.07 Total Figure 35 Office Supplies

P a g e | 116

Item Unit Unit Cost

Quantity (Annual)/Supply

Total Cost

Life span

Depreciation Cost

1. Office Desk

1 2,500 7/ ADB Office

Furniture 17,50

0 5

years 3,500.00

2. Office Chair

1 650 7/ ADB Office

Furniture 4,550

5 years

910.00

3. Filing Cabinet


Furniture 4,300

15 years

286.67

4. Monobloc

1 320.0

0

3/ ADB Office

Furniture

640.0

0

10

years 64.00

P a g e | 117

Item Unit Unit Cost

Quantity (Annual)/Supply

Total Cost

Life span

Depreciation Cost

5. Fire Extinguisher


Furniture 23,40

0 10

years 2,340.00

6. Storage Cabinet


Furniture 11,99

4 10

years 1,199.40

Total 62,384 8,300.07

Figure 36 Office Furniture

P a g e | 118

Item Unit Unit

Cost

Quantity

(Annual)/Supplier

Total

Cost

Life

Span

Depreciati

on Cost

1. Computer Set

1 set 4,500 27/ Pc Gilmore

Computer Center 121,500

5

years 24,300

2. 3-in-1 Printer

1 unit 2,000 9/ Pc Gilmore


5

years 3,600

3. Fax Machine

1 unit 5,800 9/ Villman 52,200 5

years 10,440

4. CCTV Camera

1

packa

ge

1,180 18/ Pc Gilmore


5

years 4,248

5. Aircon

1 unit 12,00

0

9/ Pc Gilmore


10

years 10,800

6. Magnetic Car

Dispenser

1 unit 28000 9 252000 5 50,400

TOTAL 572,940 53,399

Figure 37 Station Equipment

P a g e | 119

Items Unit Unit Cost Quantity(Annual)/Sup

plier Total Cost

1. Black Ballpen

25 pcs/box 90 54/ Office 1

e-shop 4,860

2. Paper Clips

100pcs/box 13.75 9/ Office 1

e-shop 123.75

3. Bond paper (A4)

1 rim 140 9/ Office 1

e-shop 1260


1pc 41.25 36/ Office 1

e-shop 1485

5. Folder (Long)

1 2.5 90/ Office 1

e-shop 225

6. Marker

12pcs/box 96 9 864

P a g e | 120

7. Stapler

1 pc 45 18/ Office 1

e-shop 810

8. Staple wire

1 box 4.83 36/ Office 1

e-shop 173.88

9. Staple Remover

1 pc 12 18/ Office 1

e-shop 2,16

10. Journal

4 books/set 400 9/ Office 1

e-shop 3,600

11. Ink for Printer

1 set 1200 9/ Office 1

e-shop 10,800

12. Paper roll

1 roll 8.75 720 6,300

TOTAL 30717.63

Figure 38 Station Supplies

P a g e | 121

Items Unit Unit Cost

Quantity/Supplier

Total Cost

Life span

Depreciation Cost

1. Office Desk

1 2500 9/ ADB Office

Furniture 22500

5 years

4,500

2. Office Chair

1 650 9/ ADB Office

Furniture 5850

5 yeas

1,170

3. Filing Cabinet

1 4300 9/ ADB Office

Furniture 38700

15 years

2,580

4. Monobloc

1 320

27/ ADB Office

Furniture

8640 10

years 864

P a g e | 122

Items Unit Unit Cost

Quantity Total Cost

Life span

Depreciation Cost

5. Fire Extinguisher

1 7800

27/ ADB Office

Furniture

210600 10

years 21,060

6. Storage Cabinet

1 19900

9/ ADB Office

Furniture

179100 10

years 17,910

7. Table

1 1750

9/ ADB Office

Furniture

15750 10

years 1,575

TOTAL 481140 49,659

Figure 39 Stations Furniture

P a g e | 123

Item Unit Cost Quantity/Supplier

Total Cost

Life span Depreciation Cost

1. Urinal

1 pcs 2,895

18/ ACE

Hardware

52,100 20 years 2,605.5

2. Toilet bowl w/ Spray

1 pcs 3,050 36/ ACE

Hardware 109,800 20 years 5,490

Total 161,900 8,095.5

Figure 40 Toilet Fixtures (Station)

P a g e | 124

Items Unit Cost/ Unit

Quantity Total Cost

1. Air Freshener

1 piece 140 36 5,040

2. Broom

1 piece 120 18 2,160

3. Stick broom

1 piece 10 9 90

4. Dust pan

1 piece 80 18 1,440

5. Floor Mop

1 piece 180 9 1,620

P a g e | 125

Items Unit Cost/ Unit

Quantity Total Cost

6. Garbage Bags

1 roll 10 225 2,250

7. Garbage Cans

1 piece 100 18 1,800

8. Liquid Soap (Exel)

1 bottle 60 90 5,400

9. Hand Wash

1 bottle 35 36 1,260

10. Toilet Paper

1 roll 10 450 4,500

TOTAL 25,560

Figure 41 Janitorial and Comfort Room Supplies and Expenses

P a g e | 126

Utilities Expense

Water

Water is one of the most important materials in business. In our office, water is

used to wash hands, wash the dishes, clean waste, etc.

GRT Corporation will acquire the supply of water from Maynilad Water Company

Incorporated.

WATER EXPENSE

Consumption 100 cu.m

PHP

Basic Charge 5,297.40

FCDA (-0.00)

Environmental Charge 1059.48

Sewer Charge 1589.22

MSC 30.00

12% VAT 957.132

Total Monthly Bill 267,996.96

Power/Light

For the business to be operated effectively, electricity is the most important

factor. It’s also important in the stations so that it will power up all the ticket machines.

When using telephone and internet, cables are needed in order to make communication from the office to the stations and also with the help of the WWW (World Wide Web).

GRT Company will get supply the electricity from Manila Electric Company

(MERALCO).

Table 17 Office and Stations Water Expense

P a g e | 127

Power/Light (Office)

Lighting Equipment Consumption

Equipment Quantity Hours of

Usage Wattage kWh Price

Fluorescent light 11 8 40 3.52 30.67

Pin lights 3 8 40 0.96 8.36

Service Equipment

Consumption

Equipment Quantity Hours of Usage

Wattage kWh Price

Exhaust fan 1 6 35 0.21 1.83

Printer 9 4 100 3.6 31.37

ACU 3 8 1120 26.88 234.20

CCTV 10 24 300 72 627.33

Desktop Computer 8 8 543 34.752 302.79

Refrigerator 1 8 90 0.72 6.27

Water Dispenser 1 8 25 0.2 1.74

Microwave oven 1 1 900 0.9 7.84

Fax Machine 1 1 100 0.1 0.87

Total daily consumption 141.92 1,236.55

Total monthly consumption 4,257.66 37,096.57

Breakdown of Electricity Charges

Bill subgroup Percentage Subtotal

Generation 0.6468 23994.06

Transmission 0.1109 4114.01

System Loss 0.0664 2463.21

Distribution 0.3198 11863.48

Subsidies (Commercial) -0.5703 -21156.17

Government Taxes 0.0596 2210.96

Universal Charges 0.0405 1502.41

Other Charges 0.3264 12108.32

Figure 42 Office Electricity Expense

P a g e | 128

Power/Light (Stations)

Lighting Equipment Consumption


Wattage kWh Price

Fluorescent light 72 16 40 46.08 401.49

Pinlights 27 16 40 17.28 150.56

Service Equipment

Consumption


Wattage kWh Price

Exhaust fan 36 8 35 10.08 87.83

Printer 9 8 100 7.2 62.73

ACU 18 16 1120 322.56 2810.43

CCTV 36 24 300 259.2 2258.38

Desktop Computer

27 16 784 338.688 2950.95

Total daily consumption 1,001.09 8,722.38

Total monthly consumption 30,032.64 261,671.39

Telephone and Internet Expenses

Philippine Long Distance Telephone Company (PLDT) will be the one who will be

installing the telephones in GRT and in the stations. To ensure that all stations in Manila

– Dagupan railway will have a good communication.

TELEPHONE AND INTERNET EXPENSE

PHP

Installation Fee Free

Landline Plan 7,000

Plan 2899 (Internet) 88,000

12% VAT (Internet) 10,560

Total Monthly Bill 10,5560

Table 18 Office and Stations Telephone and Internet Expenses

Item Quantity Unit Cost Total Cost

Train Driver 27 500 13,500 Figure 44 Uniform Expenses

Figure 43 Stations Electricity Expenses

P a g e | 129

Figure 45 Uniform Design

Rent Expense (Office)

Gicha Ressha Train will be renting a 90 sqm office space located at Natividad

Building T.M. Kalaw Street, Ermita Manila.

Cost

Rent Cost (512 per sqm) 46,170

Renovation 192,000

Total 238,170

P a g e | 130

Gas Expense

Gas expense will be use to make the train (Kogane) work.

2014

Liter Price per

Liter Total

379 44.16 16,736.64 33473.28

Total per month 401,679.4

ANNUAL GAS EXPENSE

2015 2016 2017 2018 2019 2020

409,712.9 417,907.2 426,265.4 434,790.7 443,486.5 452,356.2

*Note: 379L is good for 15 days

P a g e | 131

Land Expense

Location Total Land Area (sqm) Price per sqm (Php) Price (Php)

Tutuban 2753 2,654 7,306,462

Bocaue 1576 2,589 4,080,264

Malolos 2536 3,532 8,957,152

Capas 2021 2,587 5,228,327

Tarlac 2092 2,896 6,058,432

San Dernando 1214 2,764 3,355,496

Angeles 2990 2,365 7,071,350

Bayambang 2261 3,032 6,855,352

Dagupan 2492 3,582 8,926,344

Total 57,839,179

Building Cost Per Station Cost

Construction Permit Cost 4,796,272.4

Net Construction Cost 15,277,352

Total Electrical Material Cost 807,690

Total Plumbing Material Cost 1,200,000+

Total Building Cost Per Station PHP 22,144,314.4

Total Building Cost PHP 199,298,830

Permits and Licenses Cost

Securities and Exchange Commission 10,999.26

Department of Trade and Industry 4,500.00

Bureau of Internal Revenue 4,770.00

Business Permit

Business tax 112,500.00

Mayor’s Permit 1,800.00

Sanitary Inspection Fee 3,600.00

Garbage fee 11,700.00

Zoning Clearance 4,905.00

Signage fee 450.00

Business Plate 4,500.00

Barangay Clearance 4,500.00

Total 164,224.26

P a g e | 132

Waste Disposal Method

All stations from Manila to Dagupan are responsible to the health of people and

the same time the condition of the environment to their respective locations.

GRT will provide trash bin in every stations to secure that we maintain the good

atmosphere and at the same time we will assure you that we place it at the right place.

Before opening the station to passengers, garbage will be collected the day before by

the respective garbage collector. We also prepare a segregation scheme in order to

separate the biodegradable and non-biodegradable trash.

Re-using of scratch paper that can help reduce supplies cost of the company as

well as helping save trees.

P a g e | 133

Technical Assumptions

The proponents assume that there is 2% increase in Office Supplies expense

every year.

The proponents assume that there is 2% increase in Rental Expense every year.

The proponents assume that there is 5% increase in Water Expense every year.

The proponents assume that there is 5% increase in Power/Light Expense every

year.

The proponents assume that there is 2% increase in Permits and Licenses every

year.

The proponents assume that there is 2% increase in Gas Expense every year.

P a g e | 134

FINANCIAL ASPECT

P a g e | 135

CAPITAL Pre-Operating Expenses

Permits and Licenses P 164,224

Service Equipments

8,792,163,185

Station Equipments

572,940

Office Equipments

106,093

Station Furnitures and Fixtures

481,140

Office Furniture and Fixtures

224,614

Supplies

18,168

Building

199,298,830

Land

57,839,179

Uniform

13,500

Salaries

1,374,461

Cash on Hand

7,743,666

TOTAL PROJECT COST P 9,060,000,000

Partner's Contribution

3,020,000,000.00

Table 19 Project Cost

P a g e | 136

Gicha Ressha Train Company

Income Statement

For the Years Ended 2015 - 2019

2015 2016 2017 2018 2019

Service Revenue

105,208,565 193,410,591 628,729,823 635,017,121 641,367,292

Operating Expenses

Salaries and Wages

6,116,880 13,065,600 12,849,600 18,638,400 18,422,400

SSS Contribution

216,372 461,309 664,061 664,061 664,061

PhilHealth Contribution

67,380 151,800 217,050 217,050 217,050

Pag-IBIG Contribution

67,380 127,680 174,480 174,480 174,480

13th month pay

606,400 1,070,800 1,535,200 1,535,200 1,535,200

Uniform Expense

13,500 - - - -

Power/Light Expense

734,799 2,297,103 2,343,046 2,389,906 2,437,705

Telephone w/ Internet expense

221,676 1,292,054 1,317,895 1,344,253 1,371,138

Water Expense

446,645 2,603,301 2,655,367 2,708,474 2,762,644

Supplies expense

58,206 59,370 60,557 61,768 63,004

Rent Expense

230,850 923,400 923,400 923,400 923,400

Professional Fee

12,000 12,000 12,000 12,000 12,000

Permits and Licenses

51,724 52,759 53,814 54,890 55,988

Gas Expense

2,458,278 2,507,443 2,557,592 2,608,744 2,660,919

Supplies Expense

58,206 59,370 60,557 61,768 63,004

Depreciation Expense

162,474,828 162,474,828 162,474,828 162,474,828 162,474,828

Total Operating Expense

173,835,123 187,158,817 187,899,447 193,869,224 193,837,820

Income Before Income Tax

(68,626,558) 6,251,774 440,830,376 441,147,897 447,529,472

Basic Corporate Income Tax (30% of Net Profit) 0 0 113,536,677 132,344,369 134,258,842

Minimum orporte Income Tax (2% of Gross Profit) N/A N/A N/A N/A 12,827,346

Income Tax Expense (higher between BCIT and MCIT)

0 0 113,536,677.42 132,344,369 134,258,842

Net Income

(68,626,558) 6,251,774 327,293,698 308,803,528 313,270,631

Table 20 Income Statement

P a g e | 137


Statement of Changes in Equity


2015 2016 2017 2018 2019

Bacoy, Christian O. 3,020,000,000 2,997,124,481 2,998,808,405 3,107,506,305 3,210,040,814

Net Income (22,875,519) 2,083,925 109,097,899 102,934,509 104,423,544

Withdrawals - (400,000) (400,000) (400,000) (400,000)

Capital Ending 2,997,124,481 2,998,808,405 3,107,506,305 3,210,040,814 3,314,064,358

Balisi, Danica C. 3,020,000,000 2,997,124,481 2,998,808,405 3,107,506,305 3,210,040,814

Net Income (22,875,519) 2,083,925 109,097,899 102,934,509 104,423,544

Withdrawals - (400,000) (400,000) (400,000) (400,000)

Capital Ending 2,997,124,481 2,998,808,405 3,107,506,305 3,210,040,814 3,314,064,358

Rubico, Jonathan Ray

DL. 3,020,000,000 2,997,124,481 2,998,808,405 3,107,506,305 3,210,040,814

Net Income (22,875,519) 2,083,925 109,097,899 102,934,509 104,423,544

Withdrawals - (400,000) (400,000) (400,000) (400,000)

Capital Ending 2,997,124,481 2,998,808,405 3,107,506,305 3,210,040,814 3,314,064,358

Total Owner's Equity 8,991,373,442 8,996,425,216 9,322,518,914 9,630,122,442 9,942,193,073

Table 21 Statement of Changes in Owner's Equity

P a g e | 138


Statement of Cash Flows


2015 2016 2017 2018 2019

Cash Flows from Operating Activities

Net Income (68,626,558) 6,251,774 327,293,698 308,803,528 313,270,631

Depreciation Expense 162,474,828 162,474,828 162,474,828 162,474,828 162,474,828

Increase (Decrease) in Gas 13,674,405 14,209,173 273,296,534 (75,104,137) (127,194,490)

Increase (Decrease) in Income Tax Payable - - (113,536,677) (18,807,692) (1,914,473)

Increase (Decrease) in Salaries Payable (510,237) (1,414,661) (394,187) - -

Increase (Decrease) in SSS Payable (21,546) (16,896) (16,896) - -

Increase (Decrease) in PAG-iBIG Payable (6,740) (3,900) (3,900) - -

Increase (Decrease) in Philhealth Payable (7,213) (5,438) (5,438) - -

Increase (Decrease) in Withholding Tax Payable - Salaries (616,010) 511,367 (43,980) - -

Increase (Decrease) in Power/Lighting Payable (149,515) (1,562,304) (45,942) (46,861) (47,798)

Increase (Decrease) in Water Payable (446,645) (2,156,656) (52,066) (53,107) (54,169)

Increase (Decrease) in Rent Payable (230,850) (692,550) - - -

Increase (Decrease) in Telephone w/ Internet (221,676) (1,070,378) (25,841) (53,107) (26,885)

Income Tax Paid - - - 113,536,677 132,344,369

Net Cash from Operating Activities 105,312,243 176,524,358 648,940,134 490,750,128 478,852,013

Cash Flows from Investing Activities

Building 199,298,830 - - - -

Land 57,839,179

Renovation 150,000

P a g e | 139

Office Equipment 106,093 - - - -

Office Furniture and Fixtures 224,614 - - - -

Station Equipments 481,140 - - - -

Service Equipment 8,792,163,185 - - - -

Station Furnitures and Fixtures 481,140 - - - -

Supplies 58,206 1,164 1,187 1,211 1,235

Net Cash from Investing Activities (9,050,802,386) (1,164) (1,187) (1,211) (1,235)

Cash Flows from Financing Activities

Owner's Investment - - - - -

Withdrawals - (1,200,000) (1,200,000) (1,200,000) (1,200,000)

Net Cash from Financing Activities - (1,200,000) (1,200,000) (1,200,000) (1,200,000)

Net Cash Increase (Decrease) (8,945,490,144) 175,323,194 647,738,946 489,548,917 477,650,777

Cash Beginning 9,060,000,000 114,509,856 289,833,050 937,571,996 1,427,120,913

Cash Ending 114,509,856 289,833,050 937,571,996 1,427,120,913 1,904,771,691

Table 22 Statement of Cash Flow

P a g e | 140


Statement of Financial Position


2015 2016 2017 2018 2019

ASSETS

Cash 114,509,856 289,833,050 937,571,996 1,427,120,913 1,904,771,691

Gas 1,519,378 3,098,175 4,586,499 4,613,795 4,120,062

Land 57,839,179 57,839,179 57,839,179 57,839,179 57,839,179

Building 199,298,830 199,298,830 199,298,830 199,298,830 199,298,830

Renovation,net 150,000 144,000 138,000 132,000 126,000

Station Equipments 572,940 572,940 572,940 572,940 572,940

Office Equipment 106,093 106,093 106,093 106,093 106,093

Station Furniture and Fixtures 481,140 481,140 481,140 481,140 481,140

Office Furniture and Fixtures 224,614 224,614 224,614 224,614 224,614

Service Equipment 8,792,163,185 8,792,163,185 8,792,163,185 8,792,163,185 8,792,163,185

Accumulated Depreciation-all (162,474,828) (324,949,655.57) (487,424,483.35) (649,899,311.13) (812,374,138.91)

TOTAL ASSETS 9,004,390,387 9,018,811,550 9,505,557,993 9,832,653,378 10,147,329,594

LIABILITIES

Power/Lighting Payable 187,655 191,408 195,236 199,141 203,124

Water Payable 212,688 216,942 221,281 225,706 230,220

Rent Payable 76,950 76,950 76,950 76,950 76,950

Telephone w/ Internet Payable 105,560 107,671 109,825 112,021 114,262

Salaries Payable 510,237 904,424 1,298,611 1,298,611 1,298,611

SSS Payable 21,546 38,442 55,338 55,338 55,338

P a g e | 141

Phil Health payable 7,213 12,650 18,088 18,088 18,088

Pag-IBIG Payable 6,740 10,640 14,540 14,540 14,540

Income Tax Payable - - 113,536,677 132,344,369 134,258,842

Withholding Tax Payable - Salaries 616,010 104,643 148,623 148,623 148,623

VAT Payable 11,272,346 20,722,563 67,363,910 68,037,549 68,717,924

TOTAL LIABILITIES 13,016,946 22,386,334 183,039,079 202,530,936 205,136,522

OWNER'S EQUITY

BACOY, Capital 2,997,124,481 2,998,808,405 3,107,506,305 3,210,040,814 3,314,064,358

BALISI, Capital 2,997,124,481 2,998,808,405 3,107,506,305 3,210,040,814 3,314,064,358

RUBICO, Capital 2,997,124,481 2,998,808,405 3,107,506,305 3,210,040,814 3,314,064,358

TOTAL OWNER's EQUITY 8,991,373,442 8,996,425,216 9,322,518,914 9,630,122,442 9,942,193,073

TOTAL LIABILITIES AND OWNER'S

EQUITY 9,004,390,387 9,018,811,550 9,505,557,993 9,832,653,378 10,147,329,594

Table 23 Statement of Financial Position

P a g e | 142

Financial Analysis

The process of evaluating businesses, projects, budgets and other finance-

related entities to determine their suitability for investment. Typically, financial analysis

is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to be

invested in.

A. Liquidity Ratio

2015 2016 2017 2018 2019

Current Assets 116,029,235 292,931,225 942,158,495 1,431,734,709 1,908,891,753

Current Liabilities 1,744,599 1,663,771 115,675,169 134,493,388 136,418,597

Liquidity Ratio 67 176 8 11 14 Table 24 Current Ratio

Table determines the company's ability to pay off its short-terms debts

obligations.

B. Profitability Ratio

2015 2016 2017 2018 2019

Sales 105,208,565 193,410,591 628,729,823 635,017,121 641,367,292

Service revenue 102,750,287 190,903,148 626,172,231 632,408,377 638,706,373

Gross Profit Margin 97.7% 98.7% 99.6% 99.6% 99.6% Table 25 Gross Profit Margin

Table shows the company’s’ financial health by revealing the proportion of

money left over from revenues after accounting for the cost of goods sold.

2015 2016 2017 2018 2019

Net Income (68,626,558) 6,251,774 327,293,698 308,803,528 313,270,631

Service revenue 102,750,287 190,903,148 626,172,231 632,408,377 638,706,373

Net profit Margin -67% 3% 52% 49% 49% Table 26 Net Profit Margin

A ratio of profitability calculated as net income divided by revenues, or net profits

divided by sales. It measures how much out of every sale a company actually keeps in

earnings.

P a g e | 143

2015 2016 2017 2018 2019

Net Income (68,626,558) 6,251,774 327,293,698 308,803,528 313,270,631

Total Assets 9,004,390,387 9,018,811,550 9,505,557,993 9,832,653,378 10,147,329,594

Return of Assets -1% 0.1% 3.44% 3.14% 3.09% Table 27 Return on Assets

Table shows how profitable a company is relative to its total assets. ROA gives an idea

as to how efficient management is at using its assets to generate earnings.

2015 2016 2017 2018 2019

Net Income (68,626,558) 6,251,774 327,293,698 308,803,528 313,270,631

Shareholder’s Equity 9,060,000,000 9,060,000,000 9,060,000,000 9,060,000,000 9,060,000,000

Return on Equity -0.7575% 0.0690% 3.6125% 3.4084% 3.4577% Table 28 Return on Equity

Table shows the return on equity which measures a company's profitability by revealing

how much profit a company generates with the money shareholders have invested.

C. Activity Ratio

2015 2016 2017 2018 2019

Service Revenue 102,750,287 190,903,148 626,172,231 632,408,377 638,706,373

Total Assets 9,004,390,387 9,018,811,550 9,505,557,993 9,832,653,378 10,147,329,594

Total Asset Turnover 0.011 0.021 0.066 0.064 0.063

Table 29 Total Asset Turnover

Table shows the turnover asset ratio which is an indicator of the efficiency with which a

company is deploying its assets.

Payback period

Investment 9,060,000,000

Average Net Income 316,455,952.30

Payback period 28.63 years

Table 30 Payback Period

This refers to the length of period or number of years it would take to recover an

investment. The business would take three years and 26 days to recover the

investment.

P a g e | 144

SOCIO – ECONOMIC

ASPECT

P a g e | 145

SOCIO – ECONOMIC ASPECT

Railways are the main artery of inland transport in an economy. They are an energy-

efficient mode of transportation, ideally suitable for large scale movement of manpower, bulk

commodities and for long distance travel. They are the lifeline of the country and hold great

importance in its socio-economic development. A well-established railway system brings

together people from the farthest corners of the country and makes possible the conduct of

business, sightseeing, pilgrimage and education. It improves the quality of life and thus helps to

accelerate the growth of industry and agriculture.

We will not operate just to gain profit but to help the government and the society through

the following aspect:

a. Gicha Ressha Train Company assures to provide high quality services for the country to

have a strong railway transit.

b. GRT Company is committed to being responsible and attractive employers.

c. To be able to maintain high levels of safety and security by comprehensive

management.

d. Apply precautionary approaches to environmental challenges and support initiatives,

projects and new technologies for further improved environmental performance.

Contribution to Society

GRT Company will be the backbone for sustainable mobility and transport systems in

our society. Rail offers solutions to cope with the mobility and transport challenges of the future.

Rail has lower impact on climate and environment than most other transport modes. It is the

safest mode of transport and relieves roads and reduces congestion. Our service has macro-

economic advantages for society and enhances sustainable integration of transport and mobility

modes.

Customer Commitment

Dedicated to provide with the best possible rail service. Our commitment to our

P a g e | 146

customers is our priority.

Government Contribution

GRT will provide a rail network that keeps cities moving and communities connected at

an acceptable cost to the taxpayer, and ensures passengers benefit from a high-performing,

affordable railway.

Contribution to Environment

Travelling by train is less carbon-intensive than travelling by car. Rail is the

environmentally friendly and socially responsible travel option.

P a g e | 147

APPENDICES

P a g e | 148

Appendix 1: Sample Size Computation

Slovin’s Formula

Where: n = sample size N = population (2014) e = margin of error (5%)

= 400

P a g e | 149

Appendix 2: Survey Question

P a g e | 150

P a g e | 151

Appendix 3: Survey Results

P a g e | 152

P a g e | 153

P a g e | 154

P a g e | 155

P a g e | 156

P a g e | 157

P a g e | 158

P a g e | 159

P a g e | 160

P a g e | 161

P a g e | 162

6.07%

93.93%

h. If you are from Bayambang:

Yes

No

P a g e | 163

Appendix 4: Articles of Partnership

ARTICLES OF GENERAL PARTNERSHIP

KNOW ALL MEN BY THESE PRESENTS:

That we, Christian O. Bacoy, Filipino, single; Danica C. Balisi, Filipino, single; Jonathan Ray DL.

Rubico, Filipino, single, all of legal age and residents of Antipolo City have covenanted to

establish a partnership from this date, in accordance with existing laws,

AND WE HEREBY CERTIFY:

1. That the names, surnames, and addresses of the respective partners are as follows:

Name Address

Christian O. Bacoy Brgy. Dalig, Antipolo City

Danica C. Balisi Brgy. San Jose, Antipolo City

Jonathan Ray DL. Rubico Brgy. San Luis, Antipolo City

2. That the name of this partnership shall be Gicha Ressha Train Company, and it shall exist for __ years from the execution of this instrument, with the right of transfer or retirement of any partner provided written notice and approval are made to and by the others;

3. That the capital of this partnership shall be ten billion pesos, (Php 10,000,000,000) broken down, in contributions, as follows:

P a g e | 164

Name Contribution

Christian O. Bacoy Php 3,020,000,000.00

Danica C. Balisi Php 3,020,000,000.00

Jonathan Ray DL. Rubico Php 3,020,000,000.00

4. That the purposes for which this partnership is established are as follows:

GRT Company is planning on reviving the railroad from Tutuban to Dagupan in order to help

the passengers to go along those provinces in a fast way with cheaper price. The company

aims to make the railroad more suitable to passengers especially to the low - income class

family and also to allow traveling of goods coming from these provinces.

5. That the partnership shall be under the management and supervision of General Manager, who shall perform such acts and enter into transactions as may be necessary, in the name of the partnership, for the conduct of its business; and who shall receive a monthly salary of _______

6. That the profits and losses shall be divided among the partners pro rata, in proportion to their respective contributions, as set forth in paragraph 3 hereof.

Miscellaneous Section

IN WITNESS WHEREOF, we have hereunto affixed our signatures this __ day of _____, _____

at _________, Philippines.

Name Signature

WITNESSES:

P a g e | 165

Name Signature

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

CITY/PROVINCE OF X ) SS.

Municipality of x )

BEFORE ME, a Notary Public for and in the Province/City of Name Of City/Province, this xth

day of Month, 9999, personally came and appeared the following persons with their

corresponding Community Tax Certificates:

NAMES COMM. TAX. CERT. NO. DATE/PLACE ISSUED

Known to me and to me known to be the same persons who executed the foregoing instrument

and acknowledged before me that the same is their free and voluntary act and deed, and that of

P a g e | 166

the corporation they represent.

WITNESS MY HAND AND NOTARIAL SEAL

Notary Public

Doc. No.: __________

Page No.: __________

Book No.: __________

Series of __________

P a g e | 167

Appendix 5: Minimum Wage Rates

P a g e | 168

Appendix 6: SSS Contribution Table

Source:

http://www.bles.dole.gov.ph/PUBLICATIONS/Current%20Labor%20Statistics/STATISTICAL%20TABLE

S/PDF/tab24.pdf

P a g e | 169

Appendix 6: SSS Table Contribution

Source: Social Security System Official Website, 2014

http://www.ssscontributiontable.com/

http://www.ssscontributiontable.com/

P a g e | 170

Appendix 7: PhilHealth Contribution Table

*Employee share represents half of the total monthly premium

while the other half is shouldered by the employer.

Source: http://www.philhealth.gov.ph/partners/employers/contri_tbl.html

http://www.philhealth.gov.ph/partners/employers/contri_tbl.html

P a g e | 171

Appendix 8: Pag-Ibig Fund Contribution

Source: http://amaranthbiz.wordpress.com/2013/01/16/sss-philhealth-pag-ibig-hdmf-contributions/

http://amaranthbiz.wordpress.com/2013/01/16/sss-philhealth-pag-ibig-hdmf-contributions/

P a g e | 172

Appendix 9: Tax Rate

What is the income tax rate in the Philippines?

For individuals earning purely compensation income and those engaged in business

and practice of profession, the applicable tax rate table is as follows:

Taxable Income Tax Rate

More than But less than

0 P10,000 5%

P10,000 P30,000 P500 + 10% of the Excess over P10,000

P30,000 P70,000 P2,500 + 15% of the Excess over P30,000




P500,000

P125,000 + 32% of the Excess over P500,000 in

2000 and onward

For domestic corporations, the corporate tax rate is 30% of the Net taxable

income from all sources starting January 1, 2009.

For proprietary educational institutions and non-stock, non-profit hospitals, the

tax rate is 10% of the Net taxable income, provided that the gross income from

unrelated trade, business or other activity does not exceed 50% of the total gross

income.

For GOCCs, agencies & instrumentalities, the tax rate is 32% of the Net taxable

income from all sources.

For all taxable partnerships, the tax rate is also 32% of the Net taxable income

from all sources.

International Carriers are taxed 2.5% on their Gross Philippine Billings.

For Regional Operating Headquarters (ROHQ), the tax rate is 10% of Taxable

Income.

Source: http://www.pinoymoneytalk.com/income-tax-rates-exemptions/#sthash.HPejKA9S.dpuf

http://www.pinoymoneytalk.com/income-tax-rates-exemptions/#sthash.HPejKA9S.dpuf

P a g e | 173

Appendix 10: Projected Demand

Year Target

Population

% of Population






Week Once a month

Once a year

Others Every Week

(54) Once a month

(12)

Once a year (1)

Others (4)

2015 898,402 47.25% 71.25% 302,452.77 20.50% 35.00% 28.50% 16.00% 3,348,152.19 1,270,301.64 86,199.04 193,569.77 4,898,222.65

2016 915,472 47.25% 71.25% 308,199.38 20.50% 35.00% 28.50% 16.00% 3,411,767.08 1,294,437.38 87,836.82 197,247.60 4,991,288.88

2017 932,866 47.25% 71.25% 314,055.16 20.50% 35.00% 28.50% 16.00% 3,476,590.66 1,319,031.69 89,505.72 200,995.30 5,086,123.37

2018 950,590 47.25% 71.25% 320,022.21 20.50% 35.00% 28.50% 16.00% 3,542,645.88 1,344,093.29 91,206.33 204,814.22 5,182,759.71

2019 968,652 47.25% 71.25% 326,102.63 20.50% 35.00% 28.50% 16.00% 3,609,956.15 1,369,631.06 92,939.25 208,705.69 5,281,232.15

P a g e | 174

Appendix 11: Price Computation for the Year 2015 – 2019

2015

Material Amount 2014supply unit cost

Train 153,750,875 1,084,644 141.7524

Direct Labor 2,731,560 1,084,644 2.518393

Overhead Cost

Power 1,398,592.04 1,084,644 1.289448

Water 360,363.60 1,084,644 0.332241

Total 145.8925

2016

Material amount 2014supply unit cost

Train 153,750,875 1,084,644 141.7524

Direct Labor 2,731,560 1,084,644 2.518393

Overhead Cost

Power 1,468,521.64 1,084,644 1.35392

Water 378,381.68 1,084,644 0.348853

Total 145.9736

2017


Train 153,750,875 1,084,644 141.7524

Direct Labor 2,731,560 1,084,644 2.518393

Overhead Cost

Power 1,541,947.72 1,084,644 1.421616

Water 397,300.87 1,084,644 0.366296

Total 146.0587

2018


Train 153,750,875 1,084,644 141.7524

Direct Labor 2,731,560 1,084,644 2.518393

Overhead Cost

Power 1,619,045.11 1,084,644 1.492697

Water 417,165.91 1,084,644 0.384611

Total 146.1481

2019


Train 153,750,875 1,084,644 141.7524

Direct Labor 2,731,560 1,084,644 2.518393

Overhead Cost

Power 1,699,997.36 1,084,644 1.567332

Water 438,024.81 1,084,644 0.403842

Total 146.242

P a g e | 175

Appendix 12: Sales Computation for the Year 2015 – 2019

2015

Service Capacity Percentage Sales in

Units Price Sales - VAT Inclusive 12% Sales - VAT exclusive

Tutuban 3,615,480 20.78% 751,432 - - - -

Bocaue 3,615,480 5.69% 205,680 180.00 37,022,407.59 3,966,686.53 33,055,721.07

Malolos 3,615,480 10.48% 378,812 180.00 68,186,157.22 7,305,659.70 60,880,497.52

TOTAL 105,208,564.82 11,272,346.23 93,936,218.59

2016



Tutuban 3,615,480 20.78% 826,574.93 - - - -

Bocaue 3,615,480 5.69% 226,248.05 180.00 40,724,648.35 4,363,355.18 36,361,293.17

Malolos 3,615,480 10.48% 416,693.18 180.00 75,004,772.94 8,036,225.67 66,968,547.27

San Fernando

3,615,480 9.44% 73,148 230.00 16,824,040.00 1,802,575.71 15,021,464.29

Angeles 3,615,480 14.70% 109,419 230.00 25,166,370.00 2,696,396.79 22,469,973.21

Capas 3,615,480 10.86% 127,467 280.00 35,690,760.00 3,824,010.00 31,866,750.00

TOTAL 193,410,591.30 20,722,563.35 172,688,027.94

2017



Tutuban 4,067,415 20.78% 834,840.68 - - - -

Bocaue 4,067,415 5.69% 228,510.53 180.00 41,131,894.84 4,406,988.73 36,724,906.11

Malolos 4,067,415 10.48% 420,860.11 180.00 75,754,820.67 8,116,587.93 67,638,232.74

P a g e | 176

San Fernando

4,067,415 9.44% 73,879.48 230.00 16,992,280.40 1,820,601.47 15,171,678.93

Angeles 4,067,415 14.70% 110,513.19 230.00 25,418,033.70 2,723,360.75 22,694,672.95

Capas 4,067,415 10.86% 128,741.67 280.00 36,047,667.60 3,862,250.10 32,185,417.50

tarlac 4,067,415 11.03% 448,737 330.00 148,083,171.61 15,866,054.10 132,217,117.51

Bayambang 4,067,415 6.07% 246,803 380.00 93,785,307.45 10,048,425.80 83,736,881.65

Dagupan 4,067,415 10.95% 445,388 430.00 191,516,646.54 20,519,640.70 170,997,005.84

TOTAL 628,729,822.81 67,363,909.59 561,365,913.22

2018



Tutuban 4,293,383 20.78% 843,189.08 - - - -

Bocaue 4,293,383 5.69% 230,795.63 180.00 41,543,213.79 4,451,058.62 37,092,155.17

Malolos 4,293,383 10.48% 425,068.72 180.00 76,512,368.88 8,197,753.81 68,314,615.07

San Fernando

4,293,383 9.44% 74,618.27 230.00 17,162,203.20 1,838,807.49 15,323,395.72

Angeles 4,293,383 14.70% 111,618.32 230.00 25,672,214.04 2,750,594.36 22,921,619.68

Capas 4,293,383 10.86% 130,029.09 280.00 36,408,144.28 3,900,872.60 32,507,271.68

tarlac 4,293,383 11.03% 453,224.25 330.00 149,564,003.33 16,024,714.64 133,539,288.68

Bayambang 4,293,383 6.07% 249,271.48 380.00 94,723,160.52 10,148,910.06 84,574,250.47

Dagupan 4,293,383 10.95% 449,841.43 430.00 193,431,813.01 20,724,837.11 172,706,975.90

TOTAL 635,017,121.04 68,037,548.68 566,979,572.35

2019



Tutuban 4,519,350 20.78% 851,620.97 - - - -

P a g e | 177

Bocaue 4,519,350 5.69% 233,103.59 180.00 41,958,645.92 4,495,569.21 37,463,076.72

Malolos 4,519,350 10.48% 429,319.40 180.00 77,277,492.57 8,279,731.35 68,997,761.22

San Fernando

4,519,350 9.44% 75,364.46 230.00 17,333,825.24 1,857,195.56 15,476,629.68

Angeles 4,519,350 14.70% 112,734.51 230.00 25,928,936.18 2,778,100.30 23,150,835.87

Capas 4,519,350 10.86% 131,329.38 280.00 36,772,225.72 3,939,881.33 32,832,344.39

tarlac 4,519,350 11.03% 457,756.50 330.00 151,059,643.36 16,184,961.79 134,874,681.57

Bayambang 4,519,350 6.07% 251,764.19 380.00 95,670,392.13 10,250,399.16 85,419,992.97

Dagupan 4,519,350 10.95% 454,339.84 430.00 195,366,131.14 20,932,085.48 174,434,045.66

TOTAL 641,367,292.25 68,717,924.17 572,649,368.08

P a g e | 178

Appendix 13: Purchases for 2015

2015

Toilet Fixtures (Station)

Item Unit Cost Quantity/Supplier Total Cost Life

span Depreciation

Cost

1. Urinal 1 pcs 2,895 18/ ACE Hardware 52,100 20

2. Toilet bowl w/ Spray 1 pcs 3,050 36/ ACE Hardware 109,800 20

Total 161,900 8095

Office Equipment

Item Unit Unit Cost Quantity (Annual)/ Supplier Total Cost Life

Span Depreciation

Cost

1. Computer Set 1 Set 4,500 8/ Pc Gilmore Computer Center 36,000 5 years 7200

2. 3 in 1 Printer 1 Unit 2,000 2/ Pc Gilmore Computer Center 4,000 5 years 800

3. Aircon 1 Unit 12,000 3/ Pc Gilmore Computer Center 36,000 10

years 3,600

4. Fax Machine 1 Unit 5,800 1/villman 5,800 5 years 1160

5.Water Dispenser 1 unit 4,798 1/ Abenson 4,798 5 years 959.6

6. Refrigirator 1 unit 7,695 1/ Lazada 7,695 10

years 769.5

7. CCTV Camera 1 Package 1,180 10/ CDR King 11,800 5 years 2360

Total 106,093 16,849.10

Office Supplies

Item Unit Unit Cost Quantity (Annual)/ Supply Total cost Life

Span Depreciation

Cost

1. Black Ballpen 25.00

pcs/box 90 6/ Office 1 e-shop 540

P a g e | 179

2. Paper Clips 100 pcs/ box 13.75 1/ Office 1 e-shop 13.75

3. Bond paper (A4) 1 Rim 140 1/Office 1 e-shop 140


1 pc 41.25 4/Office 1 e-shop 165

5. Folder (Long) 1 2.5 10/Office 1 e-shop 25

6. Marker 12 pcs/box 96 1/ Office 1 e-shop 96

7. Stapler 1 pc 45 2/ Office 1 e-shop 90

8. Staple wire 1 box 4.83 4/ Office 1 e-shop 19.32

9. Staple Remover 1 pc 12 2/ Office 1 e-shop 24

10. Journal 4 books/ set 400 1/Office 1 e-shop 400

11. Ink for Printer 1 set 1,200.00 1/ Office 1 e-shop 1,200.00

12. Paper roll 1 roll 8.75 80/ Office 1 e-shop 700

Total 3413.07

Office Furnitures


span Depreciation

Cost

1. Office Desk 1 2,500 7/ ADB Office Furniture 17,500 5

2. Office Chair 1 650 7/ ADB Office Furniture 4,550 5

3. Filing Cabinet 1 4,300 1/ ADB Office Furniture 4,300 15

4. Monobloc 1 320 3/ ADB Office Furniture 640 10

5. Fire Extinguisher 1 7,800 3/ ADB Office Furniture 23,400 10

6. Storage Cabinet 1 1,999 6/ ADB Office Furniture 11,994 10

Total 62,384

Service Supplies (Direct Materials)


span Depreciation

Cost

P a g e | 180

1. Train 1 pc 157,750,875 9/ Japan Railway System 1,419,757,875 50

years

2. Railway 1 km 34,400,000 214/ Japan Railway System 7,361,600,000 50

years

3. Clock 1 pc 295 18/ Western Digital 5310 5 years

4. Automatic Card Reader 1 pcs 150,000 72/ 10,800,000 15

years

Total 8,792,163,185 176,348,219.50

Janitorial and Comfort Room Supplies and Expenses


span Depreciation

Cost

Air Freshener 1 piece 140 36 5040

Broom 1 piece 120 18 2160

Stickbroom 1 piece 10 9 90

Dust pan 1 piece 80 18 1440

Floor Mop 1 piece 180 9 1620

Garbage Bags 1 piece 10 225 2250

Garbage Cans 1 piece 100 18 1800

Liquid Soap (Exel) 1 bottle 60 90 5400

Hand Wash 1 bottle 35 36 1260

Toilet Paper 1 roll 10 450 4500

Total 25560

Total Annual Expense 306720

Uniform Expense


span Depreciation

Cost

Train driver 1 9 500 4500

P a g e | 181


2016


Item Unit Cost Quantity/Supplier Total Cost

Life Span

Depreciation Cost

1. Urinal 1 pc 18/ ACE Hardware 20 years

2. Toilet bowl w/ Spray 1 pc 36/ ACE Hardware 20 years 5490

Total

Office Equipment

Item Unit Unit Cost

Quantity (Annual)/ Supplier Total Cost

Life Span

Depreciation Cost

1. Computer Set 1 Set 8/ Pc Gilmore Computer

Center 5 years

2. 3 in 1 Printer 1 Unit 2/ Pc Gilmore Computer

Center 5 years

3. Aircon 1 Unit 3/ Pc Gilmore Computer

Center 10 years

4. Fax Machine 1 Unit 1/villman 5 years

5.Water Dispenser 1 unit 1/ Abenson 5 years

6. Refrigirator 1 unit 1/ Lazada 10 years

7. CCTV Camera 1 Package 10/ CDR King 5 years

Total

Office Supplies


Life Span

Depreciation Cost


pcs/box 91.8 6/ Office 1 e-shop 550.8

2. Paper Clips 100 pcs/

box 14.025 1/ Office 1 e-shop 14.025

P a g e | 182

3. Bond paper (A4) 1 Rim 142.8 1/Office 1 e-shop 142.8


1 pc 42.075 4/Office 1 e-shop 168.3

5. Folder (Long) 1 2.55 10/Office 1 e-shop 25.5

6. Marker 12 pcs/box 97.92 1/ Office 1 e-shop 97.92

7. Stapler 1 pc 45.9 2/ Office 1 e-shop 91.8


9. Staple Remover 1 pc 12.24 2/ Office 1 e-shop 24.48

10. Journal 4 books/ set 408 1/Office 1 408


12. Paper roll 1 roll 8.925 80/ Office 1 e-shop 714

Total 3481.3314

Office Furnitures


Life Span

Depreciation Cost

1. Office Desk 1 7/ ADB Office Furniture 5 years

2. Office Chair 1 7/ ADB Office Furniture 5 years

3. Filing Cabinet 1 1/ ADB Office Furniture 15 years

4. Monobloc 1 3/ ADB Office Furniture 10 years

5. Fire Extinguisher 1 3/ ADB Office Furniture 10 years

6. Storage Cabinet 1 6/ ADB Office Furniture 10 years

Total



Life Span

Depreciation Cost

1. Train 1 pc 9/ Japan Railway System 50 years

2. Railway 1 km 214/ Japan Railway System 50 years

P a g e | 183

3. Clock 1 pc 18/ Western Digital 5 years

4. Automatic Card Reader 1 pcs 72 pcs 15 years

Total



Life Span

Depreciation Cost

Air Freshener piece 142.8 36 5140.8

Broom piece 122.4 18 2203.2

Stickbroom piece 10.2 9 91.8

Dust pan piece 81.6 18 1468.8

Floor Mop piece 183.6 9 1652.4

Garbage Bags piece 10.2 225 2295

Garbage Cans piece 102 18 1836

Liquid Soap (Exel) bottle 61.2 90 5508

Hand Wash bottle 35.7 36 1285.2

Toilet Paper roll 10.2 450 4590

Total 26071.2

Total Annual Expense 312854.4

Uniform Expense


Life Span

Depreciation Cost

Train driver 9 500 4500

P a g e | 184


2017



Span Depreciation Cost

1. Urinal 1 pcs 18/ ACE 20

2. Toilet bowl w/ Spray 1 pcs 36/ ACE 20

Total 161,900

Office Equipment




Center 5 years


Center 5 years


Center 10 years





Total

Office Supplies




pcs/box 93.636 6/ Office 1 561.816


box 14.3055 1/ Office 1 14.3055

P a g e | 185

3. Bond paper (A4) 1 Rim 145.656 1/Office 1 145.656


1 pc 42.9165 4/Office 1 171.666

5. Folder (Long) 1 2.601 10/Office 1 26.01

6. Marker 12 pcs/box 99.8784 1/ Office 1 99.8784

7. Stapler 1 pc 46.818 2/ Office 1 93.636

8. Staple wire 1 box 5.02513 4/ Office 1 20.100528

9. Staple Remover 1 pc 12.4848 2/ Office 1 24.9696

10. Journal 4 books/ set 416.16 1/Office 1 416.16

11. Ink for Printer 1 set 1,248.48 1/ Office 1 1,248.48

12. Paper roll 1 roll 9.1035 80/ Office 1 728.28

Total 3550.95803

Office Furnitures



1. Office Desk 1 7/ ADB Office Furniture 5

2. Office Chair 1 7/ ADB Office Furniture 5

3. Filing Cabinet 1 1/ ADB Office Furniture 15

4. Monobloc 1 3/ ADB Office Furniture 10

5. Fire Extinguisher 1 3/ ADB Office Furniture 10

6. Storage Cabinet 1 6/ ADB Office Furniture 10

Total






P a g e | 186



Total





Broom piece 124.848 18 2247.264


Dust pan piece 83.232 18 1498.176

Floor Mop piece 187.272 9 1685.448

Garbage Bags piece 10.404 225 2340.9

Garbage Cans piece 104.04 18 1872.72

Liquid Soap (Exel) bottle 62.424 90 5618.16

Hand Wash bottle 36.414 36 1310.904

Toilet Paper roll 10.404 450 4681.8

Total 26592.624


Uniform Expense



train driver 9 500 4500

P a g e | 187


2017




1. Urinal 1 pcs 18/ ACE Hardware 20

2. Toilet bowl w/ Spray 1 pcs 36/ ACE Hardware 20

Total

Office Equipment




Center 5 years


Center 5 years


Center 10 years





Total

Office Supplies






box 14.59161 1/ Office 1 e-shop 14.59161

P a g e | 188



1 pc 43.77483 4/Office 1 e-shop 175.09932






10. Journal 4 books/ set 424.4832 1/Office 1 424.4832


12. Paper roll 1 roll 9.28557 80/ Office 1 e-shop 742.8456

Total 3624.94857

Office Furnitures









Total






P a g e | 189



Total




Air Freshener 1 piece 148.56912 36 5348.48832

Broom 1 piece 127.34496 18 2292.20928

Stickbroom 1 piece 10.61208 9 95.50872

Dust pan 1 piece 84.89664 18 1528.13952

Floor Mop 1 piece 191.01744 9 1719.15696

Garbage Bags 1 piece 10.61208 225 2387.718

Garbage Cans 1 piece 106.1208 18 1910.1744

Liquid Soap (Exel) 1 bottle 63.67248 90 5730.5232

Hand Wash 1 bottle 37.14228 36 1337.12208

Toilet Paper 1 roll 10.61208 450 4775.436

Total 27124.47648


Uniform Expense




P a g e | 190


2019




1. Urinal 1 pcs 18/ ACE Hardware 20

2. Toilet bowl w/ Spray 1 pcs 36/ ACE Hardware 20

Total

Office Equipment



1. Computer Set 1 Set 8/ Pc Gilmore Computer Center 5 years

2. 3 in 1 Printer 1 Unit 2/ Pc Gilmore Computer Center 5 years

3. Aircon 1 Unit 3/ Pc Gilmore Computer Center 10

years



6. Refrigirator 1 unit 1/ Lazada 10

years


Total

Office Supplies





2. Paper Clips 100 pcs/ box 14.8834422 1/ Office 1 e-shop 14.8834422


P a g e | 191


1 pc 44.6503266 4/Office 1 e-shop 178.6013064






10. Journal 4 books/ set 432.972864 1/Office 1 e-shop 432.972864


12. Paper roll 1 roll 9.4712814 80/ Office 1 e-shop 757.702512

Total 3697.447542

Office Furnitures









Total




1. Train 1 pc 9/ Japan Railway System 50

years

2. Railway 1 km 214/ Japan Railway System 50

years


P a g e | 192

4. Automatic Card Reader 1 pcs 72 pcs 15

years

Total





Broom piece 129.8918592 18 2338.053466


Dust pan piece 86.5945728 18 1558.70231

Floor Mop piece 194.8477888 9 1753.630099

Garbage Bags piece 10.8243216 225 2435.47236

Garbage Cans piece 108.243216 18 1948.377888

Liquid Soap (Exel) bottle 64.9459296 90 5845.133664

Hand Wash bottle 37.88512256 36 1363.864412

Toilet Paper roll 10.8243216 450 4870.94472

Total 27667.0559


Uniform Expense




P a g e | 193

Date post:	16-Jul-2015
Category:	Education
Upload:	christian-bacoy
View:	693 times
Download:	10 times

Feasibility study 2014

Education