COMPREHENSIVE

FINANCIAL PAPER

SUBMITTED BY:
REYWARD ANGOPAN
LAIDEN JOY ORDEN
IVY JOY UBINA

JUNE 15 ,2019
 TABLE OF CONTENTS
I.TITLE PAGE

II.TABLE OF CONTENTS

III.COMPANY PROFILE

IV.INTRODUCTION

V. MARKETING STRATEGIES

VI.RELEVANT DATA

VII.INCOME STATEMENT

VIII.STATEMENT OF FINANCIAL POSITION

IX.COMPARING ALTERNATIVES

X.DOCUMENTATION

XI.CONCLUSION & RECOMMENDATION

XII.REFERENCES
COMPANY PROFILE
Chooks-to-Go was launched by Bounty Agro Ventures, Inc. in 2009. Its name combines
“chooks” with “to-go” to indicate its take-out-only format. To differentiate its products from
those of the competitors, it is marketed as the only roast chicken that can be enjoyed without the
use of sauce (masarap kahit walang sauce). This caters both the Filipino’s love for family
gatherings, and the growing market segment of busy consumers with limited time for food
preparation.

Address: Banggot Bambang, Nueva Vizcaya

Contact Person: Mr. Ronald Nolasco-owner
Telephone No: 09463356427
Type of Ownership: Company
Business Registration No: 005-470-257-00161
Product/s: ROASTED CHICKEN
Our Value

 .Respect,honesty and patience

 Environmental and social responsibility

Our mission
 To focus on continued improvement in profitability and value all our customers
by placing orders in time.
 Is to provide freshly cooked food of the best value in every neighborhood.

Our Vision
 Is to be the preferred take-out store of freshly cooked food serviced by highly motivated
and well-trained people.

MARKETING STRATEGIES

3. TEAM- hiring
the right team
and creating a
productive work
environment

2. SYSTEM-
4. SALES- win
systemise your
onsite & office
processes &
6. LEADERSHIP- more qoutes with
strong margins
automate with business and reduce
coating time
 planning, create
vision, plan and
improve personal
effectiveness
INTRODUCTION
Chooks-to-Go is a chain of stores owned by Bounty Agro Ventures, Inc. (BAVI), a
privately owned company operating in the Philippines. It offers
1. FINANCIALS- roast chicken and processed
5. MARKETING-
meats for off-premises consumption
know and show and is the largest roasted chicken retail business in the
generate
country. Chooks-to-Go currently has close to a thousandconsistent
your numbers: outlets. The majority are in
stream
suburban areas and small towns,back
pricing, enabling access to a larger partofofprofitable
the population.
leadsThe product
mix is adjusted to suit local preferences.
costing & through online
Chooks-to-Go planning
was launched yourby Bounty Agro Ventures, Inc. and offline
in 2009. Its name combines
cash flow marketing
“chooks” with “to-go” to indicate its take-out-only format. To differentiate its products from
those of the competitors, it is marketed as the only roast chicken that can be enjoyed without the
use of sauce (masarap kahit walang sauce). This caters both the Filipino’s love for family
gatherings, and the growing market segment of busy consumers with limited time for food
preparation.
BAVI is one of the Philippines’ largest poultry integrators, and caters to the Bountry
Fresh group of companies, which, in turn, operates a network of rotisseries under the
brands Chooks To Go, Uling Roasters, and Reyal. BAVI is also in the business of producing
commodity chicken products – supplying dressed chicken to supermarkets, wet markets,
restaurants, hotels, and its company-owned retail stores nationwide.

Founded in the 1980s by businessman Tennyson Chen, the company started operations
in Sta Maria, Bulacan, with a layer farm of merely 5,000 chickens.It was in 2002 when Chen
wanted to take the company to its next level.

This Business was established in May 14,2019 at Bambang,Nueva Vizcaya.The

Province has 12 branches of chooks to go and is still in ,in the business because of its quality and
delicious product despite of many roast chicken company.

Over time, this nationwide network of contract farms and operations grew. BAVI
currently produces dressed chicken, feeds, and finished chicken products for their retail stores,
with 7 plant operations in Luzon, 8 in Visayas, and 4 in Mindanao.

At present, Chooks To Go is the market leader in roast chicken products with a

network of over 1,000 stores nationwide. Competing with other lechon manok brands such
as Andoks, Sr Pedro, and Baliwag, the company further distinguishes itself as the only brand to
offer cooked chicken products without an accompanying sauce – something rarely offered by
other food retailers in the Philippines.
 RELEVANT DATA
of Chooks-to-Go Company
as of June , 2019

PRICE CHICKEN ₱240/PIECE

EMPLOYEES 2 COOK 370/DAY

TAX Value Added Tax 12%

SOLD ROASTED 60 CHICKEN/DAY ₱14400/DAY

CHICKEN

MAINTENANCE ₱5000

AVERAGE CUSTOMER 30 CUSTOMERS/DAY

CHICKEN PER DAY
 Income Statement
of Chooks-to-Go Company
as of June , 2019

REVENUE ₱5,256,000

TOTAL SALES

Operational Expenses ₱3,066,000

Direct cost

SSS ₱15840

PAG-IBIG ₱5280

Philhealth ₱3630

Total Salary ₱135,050

Utility Expenses ₱63600

Maintenance cost ₱5000

Total expense ₱228400

GROSS PROFIT ₱5,027,600

Tax ₱603312

NET PROFIT ₱4,424,288V

 STATEMENT OF FINANCIAL POSITION
of Chooks-to-Go Company
as of June , 2019

CURRENT ASSETS VALUES LIABILITIES VALUES

CASH ACCOUNTS
PAYABLE ₱1,120,000
₱3,500,000

ACCOUNTS SHORT TERM

RECEIVABLE ₱2,290,000 LOANS ₱1,310,000

OTHER ASSETS INCOME TAX

₱ 500,111 PAYABLE ₱1,111,456

TOTAL CURRENT TOTAL

ASSETS ₱6,290,111 LIABILITIES ₱3,541,456

NON-CURRENT EQUITY
ASSETS

PROPERTY SHARE CAPITAL

BUILDING ₱376,800

EQUIPMENT RETAINED ₱2,591,855

₱130,000 EARNINGS

LAND(RENTAL)
₱90,000

TOTAL NON- TOTAL EQUITY ₱2,968,655

CURRENT ASSETS ₱220,000
TOTAL ASSETS ₱6,510,111 L+E ₱6,510,111

COMPARING ALTERNATIVES

VERSUS
 CHOOKS TO GO ANDOKS
Annual cost ₱228400 ₱585372
Operational Expense ₱3,066,000 ₱4,270,500
Taxes ₱603312 ₱929549.25
Salaries ₱135,050 ₱138700
Maintenance ₱5000 ₱7000
SSS,Philhealth,Pag-ibig ₱24390 ₱26,006.25
Utility Expenses ₱63600 ₱156,000

Minimum required ROR=10%

RATE OF RETURN METHOD

ANNUAL NET SAVINGS

ROR=
ADDITIONAL INVESTMENT

CHOOKS TO GO ANDOKS

228400 585372
ROR= ROR=
6510111 8819540
=(0.0351)(100%) =(0.0663)(100%)
=3.51% =6.63%

* RORCHOOKS < ROR ANDOKS

ANNUAL COST WORTH (Exluding Depreciation)
CHOOKS ANDOKS
TOTAL EXPENSE
₱15,840 ₱16,644
₱5,280 ₱5,548
₱3,630 ₱381,425
₱135,050 ₱138,700
₱63,600 ₱156,000
₱5,000 ₱7,000
₱228400 ₱705,317
 Interest on Capital(0.0351) Interest on Capital(0.0663)
(₱265,020)=₱9,,302.202 (₱350,000)=₱23,205
TOTAL ANNUAL COST
₱228,400+₱9302.202=₱237,702.202 ₱705,317+₱23,205=₱728,522

*TAC CHOOKS < TAC ANDOKS

Chooks to go is more economical.
PRESENT WORTH COST METHOD
Use 5 years study period.

CHOOKS

Annual Cost: ₱228,400

0 1 2 3 4 5

228,400 228,400 228,400 228,400 228,400

6,510,111

PWCCHOOKS =₱ 6,510,111+₱ 228,400 (P/A, 10%, 5)

=₱ 6,510,111+₱ 228,400¿

= ₱7,541,056.97

ANDOKS

Annual Cost: ₱705,31

0 1 2 3 4 5

705,317 705,317 705,317 705,317 705,317

8,819,540
 PWC ANDOKS =₱ 8,819,540+₱ 705,317(P/A, 10%, 5)

= ₱ 8,819,540+₱ 705,317 ¿

= ₱11,752,287.25

* PWCCHOOKS ¿ PWC ANDOKS

Chooks should be chosen.

EQUIVALENT UNIFORM ANNUAL COST METHOD

Chooks

Annual Cost: ₱228,400

0 1 2 3 4 5

228,400 228,400 228,400 228,400 228,400

6,510,111

EUAC CHOOKS =₱ 6,510,111¿ ,3.51%,5)+₱228,400

0.0351
EUAC CHOOKS =₱ 6,510,111
⟦ 1−(1+0.0351)−5 ⟧
+₱228,400

=₱1,67,0676.701

Andoks

Annual Cost: ₱705,317

0 1 2 3 4 5

705,317 705,317 705,317 705,317 705,317

8,819,540
EUAC ANDOKS= ₱ 8,819,540 ¿ ,6.63 %,5)+₱705,317

0.0663
EUAC ANDOKS= ₱ 8,819,540
⟦ 1−(1+0.0663)−5⟧+₱705,317

=₱2,835,054.325

* EUAC CHOOKS < EUAC ANDOKS

Chooks is more economical

 DOCUMENTATION

During the interview to the employers of chooks to go wherein they cooperate to the questions about the business in the
financial status of the company.

Convincing the employers of Andoks to answer those questions needed to apply in the said financial report.
 Conclusion

Due to the good product and services of the company ,chooks to go business is still
clicks because it has a good taste and it marks to us Filipino people. The roasted chicken is
one of the Filipino recipe that is always in the table of our food during family event or
gathering.To start a business, financial consideration is necessary and what are the wants of
consumers. And these considerations matter in decision making. This paper allows to
demonstrate the process of calculations for six basic methods for making economy study
namely Rate of Return (ROR), the Annual Worth, Present Worth and interrelationships of
those methods to determine if the business is economically justifiable. To propose an
alternative machine for the company and learn its basic concept to evaluate correctly the
capital investment alternatives and conclude whether acceptable or not. And able to
monitor the financial status of the company.

Based from the calculations made, the rate of return of the product is 6.63% which
implies that it is a good investment. But when it comes to comparing alternatives, the
Chooks to Go business should be selected. The computation showed that the rate of return
of the Chooks to go is higher and more economical compared to the ginger washer
machine. From the economic criterion, an alternative should be chosen with minimal
annual cost, which the Chooks to go showing only ₱228,400 compared to ₱705,317 of the
Andoks company. By present worth cost method and by equivalent uniform annual cost
method, Chooks to go company has lesser values, ₱7,541,056.97 and ₱1,67,0676.701
respectively. While the Andoks has a value of ₱11,752,287.25for the PWC and
₱2,835,054.325 for EUAC. Therefore, in terms of alternatives, Chooks should be chosen.

Recommendation

We recommend to improve the Chooks to go business by having more equipment for roasting
and a longer hours of the employers to work to have a greater sales daily because it is is a
good investment and Chooks is more economical and justifiable in terms of comparing
alternatives. Discount is given to those who continue to buy with the product with added
freebies by buying a suki card.There will be game through social media created by chooks to
attract more people.

References

Pinoyentre. (2010). Pinoy entrepreneur. Retrieved March 23, 2015,from https://www.pinoy-

entrepreneur.com/2010/09/15/chooks-to-go/

del Pilar, Pio.(2018). Zomato. Retrieved June15,2019 from

https://www.zomato.com/manila/andoks-pio-del-pilar-makati-city/menu