etr irise laundry
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FACULTY OF ACCOUNTANCY MARA UNIVERSITY OF TECHNOLOGY
(UiTM SHAH ALAM)
PN. BEDAH AHMAD EN. MOHD ALIBAHARI PN. NORILMAH AZIS
SUBMISSION DATE : 04 SEPTEMBER 2002
WARDATUL RAIHAN BINTI AHMAD 2000576516 KAMARIAH BINTI BAHARIN 2000575758 HASRAUMMI BINTI HARON 2000575701 WAN NURUL HAFIZA BINTI W. MAHMOOD 2000576475 SHAHIDA HANNANI BINTI ABDUR RAFAR 2000576283
1. EXECUTIVE SUMMARY
2. BUSINESS PLAN PURPOSES
3. COMPANY BACKGROUND a.Background of company b.Partnership agreement c.Business logo
4. PARTNERS BACKGROUND
5. ADMINISTRATION PLAN Job description Schedule of remuneration List of office equipment Office layout List of administration budget
6. MARKETING PLAN Service description Target market Market size Main competitors Market share Sales forecast Marketing strategy Marketing personnel Schedule of remuneration Marketing budget
7. OPERATION PLAN Operation process Process flow chart Capacity planning Material requirement List of personnel Schedule of task and responsibilities Schedule of remuneration Machine and equipment Operation space layout Location Operation budget
8. FINANCIAL PLAN Project implementation cost Source of financial schedule Loan amortization schedule Hire purchase repayment schedule Cash flow statement Profit and loss account Balance sheet
1. EXECUTIVE SUMMARY
Irise Laundry is a business of laundry and the business will be started on Is January 2003.
Services that will be provided are normal washing, express dry cleaning, ironing, comforters and
curtains. This business location is situated at No.8, Jalan Pinang E18/ E Section 18,40 000 Shah
Alam, Selangor Darul Ehsan. This location is situated in resident areas. Therefore, it will have a
great potential market for this business. Besides that, this area is near Akasia and Cemara
College. Moreover, it has less competitors as compared to other business and services.
This year economic situation is more stable, therefore we expect that in 2003 Malaysia's
economic will continue to growth. As the country prospers, more people are employed, making
standard living of people in Malaysia getting better each year. Furthermore our ways of thinking
has changed people no longer assume that laundry is only necessary for wealthy society.
We believe that our business have potential in this millennium especially in urban area
because people are busy with studies and works. As the consequences they have limited time to
do house chores like washing clothes. Therefore they prefer to send their clothes to the nearest
laundry shop. Related to this situation, we focus to students and residents of Section 18, Shah
Another factors that influencing us to choose this laundry services is because lack of
competitors in Section 18, Shah Alam making it easier for us as a new entrepreneur to engage in
the business because this service do not require large capital and professional workers.
1.1 Internal Goals
Able to train and develop skills of the workers especially their communication skill such
as relation between staffs in a business.
Maintain good working environment where close interaction flow from top-
level management to the lower level with good communication standard.
1.2 External Goals
To cover all the expenses in two years
To be an established company by another two years
To be able to offer varieties of services to all customers relate to their needs and wants.
1.3 Business Objectives
Below are some of the objectives of Irise Laundry services: An introduction of services to compete with other operators as well as to establish a
strong foothold in the laundry market services. To create a new perception towards services especially about it benefit and the quality Provide high quality and well establish services to attract people especially those
workaholics. Less the community burden and give a little bit welfare contribution.
Setting a goal can be a crucial decision for company, as the management would have to determine the direction of the company towards reaching. It should reachable and within the capacity and reach of the company. We are dividing the goals into 2 areas, namely:
Internal goal that could be achieved through the internal planning training and prudent strategy.
External goals that could be attained through smart partnership, strategic marketing and promotion.
2. BUSINESS PLAN PURPOSES
Purpose of business plan:-
This business plan is prepared by Irise Laundry to obtain a loan for the amount of
RM 20735.06 from BankRakyat.
Profit selling forecast have to be expected objectively and critically so that the plan can be practical.
Besides, the project have to evaluate project viability and growth potential that can be solve any problems later in business and decrease the business's risk.
It also will be a guideline for workers in order to know their jobs, functions and their responsibilities thus a good relationship between workers can be created.
This business plan also will enable other external investors like shareholders,
banks and supplier to invest in our business.
It also enable us to carry out a survey to indicated whether the plan can achieve
success or not. This plan will be studied thoroughly from every aspect so that it
can be perform practically.
3. COMPANY BACKGROUD
Business Name Business Address
Phone number Form of the business
Email Main activities
No.of registration Date of commencement Initial own capital
Irise Laundry Services No.8,JalanPinangE/!8; Section 18, 40000 Shah Alam, Selangor Darul Ehsan. No. 8,JalanPinangE/18, Section 18,40000 Shah Alam, Selangor Darul Ehsan. 03-21240336/37 Partnership business
Irise @ chek.com Normal washing, dry cleaning, ironing, comforters And curtains. Work in progress 1 January 2003 Partners Contribution :- RM 100,000
1. Wardatul Raihan Bt Ahmad RM 20,000 2. Kamariah Bt Baharin RM 20,000 3. Wan Nurul Hafiza W. Mahmood RM 20,000 4. HasraummiBtHaron RM 20,000 5. ShahidaHannaniBtAbdurRafar RM20,000
Name of bank Bank Rakyat
3.1 PARTNERSHIP AGREEMENT
1) Parties to the agreement
i. Wardatul Raihan Bt Ahmad 831018-03-5330 ii. KamariahBaharin 830207-01-5684
iii. Wan Nurul Hafiza W. Mahmood 831001-03-5828 iv. Hasraummi Haron 830406-10-5420 v. ShahidaHannaniAbdurRafar 830915-06-5276
2) Nature and place of business
Partners had agreed to carry on the business of laundry services activities. The business will be operating at No.8, Jalan Pinang C 18/ C Section 18, 40
000 Shah Alam, Selangor Darul Ehsan. 3) Firm Name
The firm name that has been agreed between partners and registered under the Registration of Business is Irise Laundry.
4) Duration of Partnership
The partnership business will be commencing on 1 January 2003
5) Provision of Capital
All partners agreed to contribute the capital to the partnership business as follows:
Wardatul Raihan Bt Ahmad RM 20,000
Kamariah Baharin RM 20,000 Wan Nurul Hafiza W. Mahmood RM 20,000 Hasraummi Haron RM 20,000 Shahida Hannani Abdur Rafar RM 20,000
6) Division of Company and Profits
It is being agreed between partners to the division of capital, profits and losses in the proportion as follows:-
Wardatul Raihan Ahmad 1 IS Kamariah Baharin 1/5 Wan Nurul Hafiza Wan Mahmood 1/5 Hasraummi Haron 1/5 Shahida Hannani Abdur Rafar 1 IS
7) Partnership Property
All property and rights and interest in property originally brought into the partnership stock or acquired whether by purchase / otherwise on accounts of the firm or for the purposes and in the course of the partnership business are called partnership property and must be held and applied by the partners exclusively for the purposes of the partnership and in accordance with the partnership agreement.
Property bought with money belonging to the firm is deemed to have been bought on account of the firm.
8) Movement of Business
Wardatul Raihan Bt Ahmad Kamariah Baharin Wan Nurul Hafiza W. Mahmood Hasraummi Haron Shahida Hannani Abdur Rafar
-General Manager -Administration Manager -Operational Manager -Marketing Manager -Financing Manager
9) Methods of Dissolving a Partnership
Due to the death or bankruptcy of any partners will cause a partnership to be dissolved.
However the partners are advised to continue the firm activities in the event of death or bankruptcy
10) Change in the Firm
All partnership is able to introduce a new member and it is necessary to make provisions for a retiring partner or agent of deceased partners to appoint another as a new partner.
PARTNERSHIP AGREEMENT CERTIFICATION
This agreement dated on 1 October 2002 between
Name i/c no 1. 2. 3. 4. 5.
WARDATUL RAIHAN BINTI AHMAD KAMAMAH BINTI BAHARIN HASRAUMMI BINTI HARON WAN NURUL HAFIZA BINTI W.MAHMOOD SHAHIDA HANNANI BINTI ABDUR RAFAR
831018-03-5330 830207-01-5684 830406-10-5420 831001-03-5828 830915-06-5276
Addressed at No.8,Jalan Pinang E 18/E,Seksyen 18,40000 Shah Alam, Selangor.We are agreed to fulfill all requirement that is stated in the agreement. AND as partners, we are liable and responsible on any profit or loss made by the company. HERE, it is agreed and certify