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CHAPTER III. ORGANIZATION PROJECT IMPLEMENTATION MANAGEMENT

CHAPTER III. ORGANIZATION PROJECT IMPLEMENTATION MANAGEMENT

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Management Structure - Monitor: Board is the highest authority of the proposed

development company policies, through the planning and implementation of the report to

its supervisory function. Also can organize the appropriate parts of the process according to

the company's development and production situation specific.

b. DEMAND FOR MANPOWER:

Position



1. Direct labor

Technical

Teamleader

Directly worker

Total :

2. Indirect labor

Lab staff

QC staff

Accountance staff

Sales staff

Admin officer

Driver

Securities

Cleaner

Total :

3. Manager

General manager

Vice General Manager

Managers

Management divisions

Total :

TOTAL OF PAYROLL

Above is the capacity needs



Q’ty



Salary



Total payroll

ĐV: x1000 VND



16

20

200

236



6,500

4,500

3,200



104,000

90,000

640,000

834,000



6

8

10

30

10

10

10

5

89



3,800

4,200

4,500

5,500

3,800

3,500

3,000

2,800



22,800

33,600

45,000

165,000

38,000

35,000

30,000

14,000

383,400



1

20,000

20,000

1

15,000

15,000

4

12,000

48,000

15

10,000

150,000

21

233,000

346

(c)

1,450,400

projected for the first year when the plant went into



operation. From year 2 onwards, depending on the business development company that

plans to recruit more suitable. In addition to maintaining the competitiveness of products in

the market, to apply new technologies, diversification of products. The company attaches

great importance to the issue of training, improve staff skills for their employees, and will

take a significant investment for overseas training, not only production but also on the

management, qualified international business.



Page 12 / 28



CHAPTER IV.



FINANCIAL ANALYSIS



I. DETERMINATION OF TOTAL CAPITAL INVESTMENT

vii. Calculate Fixed capitals:

ITEMS

I. EQUIPMENT (a1)

1. Equipment for MDF line (a)

2. Cost of transport to delivery to factory site

3. Cost of insurance when transports (0,22% x 110% total)

4. Cost of insurance when installation (0,3% x 110% total)

5. Cost of testing (0,2% x Total)

II. CONSTRUCTION (b1)

1. Total of construction, design, testing

III. OFFICE EQIPMENT (d1)

1. Furniture

2. Computer and network

3. ERP software

IV. VEHICLE (v1)

1. Forklift, 4 pcs

2. Excavator, 2 pcs

3. Hino Van 13 T: 5 pc

4. SUV car: 01 pcs



Total (= a1+b1+d1+v1)



AMOUNTS

(ĐVT: x1000 VND)

760,027,388

748,970,030

5,500,000

1,812,507

2,246,910

1,497,940

117,538,450

117,538,450



2,750,000

650,000

500,000

1,600,000

2,600,000

800,000

400,000

500,000

900,000



882,915,838



viii. Calculate the annual depreciation:

Cost of production equipment: depreciated steadily over 08 years.

Construction costs: depreciation is for 8 years.

The cost of office equipment: 4 years, means of transport: are amortized in 05 years.



Page 13 / 28



Table calculating depreciation: (Unit: x1000 VND)

Items



The total value of fixed

capital beginning of period

Depreciation of equipment

are linear in 8 years

Depreciation of construction

are linear in 8 years

Depreciation

of

office

equiment

are linear in 4 years

Depreciation of vehicle

are linear in 5 years

Total depreciation



Total end of period value of

fixed capital



Year 1



Year 2



Year 3



Year 4



Year 5



Year 6



Year 7



Year 8



882,915,838



772,012,609



661,109,380 550,206,151 439,302,922 329,087,193 219,391,464 109,695,735



95,003,423



95,003,423



95,003,423



95,003,423



95,003,423



95,003,423



95,003,423



95,003,423



14,692,306



14,692,306



14,692,306



14,692,306



14,692,306



14,692,306



14,692,306



14,692,306



687,500



687,500



687,500



687,500



520,000



520,000



520,000



520,000



110,903,229



110,903,229



110,903,229



109,695,72

9



109,695,72

109,695,729

9



772,012,609



661,109,380



550,206,151 439,302,922 329,087,193 219,391,464 109,695,735



520,000



110,903,229 110,215,729



Page 14 / 28



0



ix. Calculate working capital:

Pursuant to the the cost of production and the annual production plan, calculate the

demand for working capital and working capital minimum amount necessary to ensure the

company's operations are not hampered as demand for reserves follows:

AMOUNT



ITEMS



X 1000 VND

10,345,500

2,747,520

26,280,961.63

12,821,760

2,111,541

54,307,282



Materials stock (1 month)

Spare part stock (2 months)

Products in stock (1 months total cost)

Backup receivables ( 4% sales )

Cash (1 month payroll)

Total



Total working capital for the project is necessary calculations : 54,307,282

x. Total Capitals Investment



Content

A. Fixed capital

B. Working capital

C. Total



Amount (x1000 VND)



882,915,838

54,307,282

937,223,120



b. CAPITAL RESOURCE



TABLE OF CAPITAL RESOURCE

No

1



2



3



Capital resource

Amout

Fixed Capital

882,915,838

Loan

750,478,462

Equity

132,437,376

Working capital

54,307,282

Loan

0

Equity

54,307,282

Total capital

937,223,120



Ratio

85%

15%



100%

0%



Equity:

- Fixed capital: 132,437,376 (x1000 VND) accounts for 15% of fixed capital

- Working capital: 54,307,282 (x1000 VND) accounts for 15% of working capital



Page 15 / 28



Loan:

Loans Vietnam Development Bank and commercial banks with the Bank's guarantee

development, Tenor 8 years, Total VNĐ 750,478,462 (x1000 VND), of which:

- Bank loans growth rate 6.9% / year: loan 529,749,503 (x1000 VND), 60% of fixed

capital.

- Loans from commercial banks at an interest rate of 10.5% / year: loan 220,728,959

(x1000 VND), 25% of fixed capital.



Page 16 / 28



DEBT REPAYMENT PLANNING TABLE:

Unit (x1000 VNĐ)

Year

Value initial

Loans in the period

- % Per Total Fixed

Capital

Interest rates

Payment

Original debt

Interest

Value end of period



Year 0



- % Per Total Fixed

Capital

Interest rates

Payment

Original debt

Interest

Value end of period

Total original debt

Total interest



Year 2



Year 3



Year 4



Year 5



Year 6



Year 7



Year 8



529,749,503



463,530,815



397,312,127



331,093,439



264,874,751



198,656,064



132,437,376



66,218,688



102,771,404

66,218,688

36,552,716

463,530,815



98,202,314

66,218,688

31,983,626

397,312,127



93,633,225

66,218,688

27,414,537

331,093,439



89,064,135

66,218,688

22,845,447

264,874,751



84,495,046

66,218,688

18,276,358

198,656,064



79,925,956

66,218,688

13,707,268

132,437,376



75,356,867

66,218,688

9,138,179

66,218,688



70,787,777

66,218,688

4,569,089

(0)



220,728,960



193,137,840



165,546,720



137,955,600



110,364,480



82,773,360



55,182,240



27,591,120



-



-



-



-



-



-



-



-



50,767,661

27,591,120

23,176,541

193,137,840

93,809,808

59,729,256



47,870,593

27,591,120

20,279,473

165,546,720

93,809,808

52,263,099



44,973,525

27,591,120

17,382,406

137,955,600

93,809,808

44,796,942



42,076,458

27,591,120

14,485,338

110,364,480

93,809,808

37,330,785



39,179,390

27,591,120

11,588,270

82,773,360

93,809,808

29,864,628



36,282,323

27,591,120

8,691,203

55,182,240

93,809,808

22,398,471



33,385,255

27,591,120

5,794,135

27,591,120

93,809,808

14,932,314



30,488,188

27,591,120

2,897,068

93,809,808

7,466,157



529,749,502

60%

6.9%

0

0

529,749,502



Value initial

Loans in the period



Year 1



220,728,959

.50

25%

10.50%

0

0

220,728,959



Page 17 / 28



c. FINANCIAL CALCULATE TABLE

1. Planned revenue

Reference price and the price of imported, MDF Quang Tri, MDF Gia Lai in the past

6 years, can determine the average price over the year as follows:

2007: From 220-230 USD/m3 2008: From 230-250 USD/m3

2009: From 260-280 USD/m3 2010: From 270-290 USD/m3

2011: From 290-320 USD/m3 2012: From 295-320 USD/m3

From early 2013 until now with the impact of global economic recession, the average

price decreased MDF (15%) compared with the same period in 2012. MDF average import

price from 280-295 USD/m3

Unless the inflation rate, product price assumptions carefully project is 280 USD/m3

(as in the case of economic slowdown lasts), exchange rate 21,200 VND/USD, equivalent

to 5,936, 000 VND/m3.

The average occupancy rate of the plant is 108,000 m3. By carefully, assuming the

project is only running 50% capacity in the first year, and 20% more capacity for the next

year. Table 5 of revenue for the first year of operation:

Year

Capacity forecast (m3)

Performance (%)

Price (x1000 VNĐ/m3)

Revenue (x1000 VNĐ)



1

54,000

50%

5,936

320,544,000



2

3

75,600

97,200

70%

90%

5,936

5,936

448,761,600 576,979,200



4

108,000

100%

5,936

641,088,000



5

108,000

100%

5,936

641,088,000



2. Planed cost of Production :



a) Material Cost:



Material, Fuel



Unit



Consumption for

108,000

m3

products



Unit price



Amount



Log



Ton



82,080



900



73,872,000



Urea formaldehyde



Ton



8,360



7,600



63,536,000



Ammonium Chloride



Ton



228



12,000



2,736,000



Chemical buffer



Ton



228



12,000



2,736,000



Page 18 / 28



Paraffin



Ton



1,140



22,000



25,080,000



Electricity



KW



37,800,000



1.680



63,504,000



Water



M3



108,000



4



432,000



Fuel



Mega Cal



164,160



100



16,416,000



Total material, fuel cost for 108.000 m3 products



248,312,000



Total material, fuel cost for 1 m3 products



2,299.19



b) Table of material and fuel cost:

Year 1

Output (m3)

Price x1000 VNĐ/m3

Amounts (x1000 VNĐ)



Year 2



Year 3



Year 4



Year 5



54,000



75,600



97,200



108,000



108,000



2,299



2,299



2,299



2,299



2,299



173,818,400



223,480,800



124,156,000



248,312,000 248,312,000



c) Payroll, Training cost

Monthly wages (refer to table HR needs): total monthly salary in year 1 is 1,450,400

(x1000 VND). Salary increases above is consistent with the expansion of business over the

years. However, growth rates are in line with the growth of production and wage costs are

lower in cost estimates. Assertions such salary increases are possible and acceptable.

According to estimates, the wage bill increased by 10% / year.

Calculating payroll Annual Fund the annual salary is 13 times the salary of the

month. This represents the minimum salary demands required in the development of

human resources:

Salary expenses in year 1 = 1,450,400 x 13 = 18,855,200 (thousand)

Insurance + 1 year = 18,855,200 x 19% = 3,582,488 (thousand)

Cost of annual training: training cost depends on the business of the Company and

expected market development. Estimated cost of training as follows:

Training costs in the country: 60% of monthly salary fund:

1,450,400 x 60% = 870,240 (thousand VND)

The cost of training abroad: 40% of monthly salary fund.

1,450,400 x 40% = 580 160 (thousand VND)-



Page 19 / 28



Table of salary and training cost:

Unit: (x1000 VND)



Insurance



Year 1

1,450,400

18,855,200

3,582,488



Year 2

1,595,440

20,740,720

3,940,737



Year 3

1,754,984

22,814,792

4,334,810



Year 4

1,930,482

25,096,271

4,768,292



Year 5

2,123,531

27,605,898

5,245,121



Training cost

- Domestic

- Aboard

Total



870,240

580,160

25,338,488



957,264

638,176

27,872,337



1,052,990

701,994

30,659,570



1,158,289

772,193

33,725,528



1,274,118

849,412

37,098,080



Monthly salary

Annual salary



d) Other cost

Output (m3)

remaining value(x1000 VND)

Revenue (x1000 VND)

Spare part: USD 1,2 / m3

(X1000 VND)

Maintenance costs, equipment

maintenance, plant

= 2%

Remaining value

Packaging cost: $US 2,2 / m3

(x1000 VND)

Marketing, delivery cost,

10% sale first year, 7% for 2nd

year and 5% for next year)

Insurance

factory

remaining value



0,4%



Year 1

Year 2

54,000

75,600

772,012,609 661,109,380

320,544,000 448,761,600



Year 3

Year 4

Year 5

97,200

108,000

108,000

550,206,151 439,302,922 329,087,193

576,979,200 641,088,000 641,088,000



1,373,760



1,923,264



2,472,768



2,747,520



2,747,520



15,440,252



13,222,188



11,004,123



8,786,058



6,581,744



2,518,560



3,525,984



4,533,408



5,037,120



5,037,120



32,054,400



31,413,312



28,848,960



32,054,400



32,054,400



3,088,050



2,644,438



2,200,825



1,757,212



1,316,349



Other cost: 1% the total cost including the cost of travel, telephone, reception,

stationery. etc…



Page 20 / 28



Total cost of production: (Unit: x1000 VND)

YEAR 1

Cost of Material, fuel

Salary, training cost

Spare part cost

Maintenance cost

Packaging cost

Marketing and delivery cost

Insurance factory



Depreciation

Interest

Land rent

Infrastructure IP cost

Other 1%

Total



2



3



4



5



6



7



124,146,000 173,804,400 223,462,800 248,292,000 248,292,000 248,292,000 248,292,000

25,338,488

27,872,337

30,659,570

33,725,528

37,098,080

40,807,888

44,888,677

1,373,760

1,923,264

2,472,768

2,747,520

2,747,520

2,747,520

2,747,520

15,440,252

13,222,188

11,004,123

8,786,058

6,581,744

4,387,829

2,193,915

2,518,560

3,525,984

4,533,408

5,037,120

5,037,120

5,037,120

5,037,120

32,054,400

31,413,312

28,848,960

32,054,400

32,054,400

32,054,400

32,054,400

3,088,050

2,644,438

2,200,825

1,757,212

1,316,349

877,566

438,783

110,903,229 110,903,229 110,903,229 110,903,229 110,215,729 109,695,729 109,695,729

59,729,256

52,263,099

44,796,942

37,330,785

29,864,628

22,398,471

14,932,314

339,200

339,200

339,200

339,200

339,200

339,200

339,200

169,600

169,600

169,600

169,600

169,600

169,600

169,600

3,751,008

4,180,811

4,593,914

4,811,427

4,737,164

4,668,073

4,607,893

378,851,804 422,261,861 463,985,339 485,954,079 478,453,534 471,475,397 465,397,150



Page 21 / 28



8

248,292,000

49,377,544

2,747,520

5,037,120

32,054,400

109,695,729

7,466,157

339,200

169,600

4,551,793

459,731,063



iii. Estimated profit and loss:

The company's net profit is depreciation and repayment priority. The financial ratio that the business will become more efficient,

because in the later stage the business has achieved stability, reducing indirect costs, increase production and reduce interest costs.

Investment projects in the "List of preferential investment fields" as follows:

Corporate Income Tax: free 03 years and 50% of the tax for the next 05 years.

Unit (x1000 VNĐ)

YEAR

Total revenue

Total cost

Income tax

Profit after tax



1

320,544,000

378,851,804

(58,307,804)



2

448,761,600

422,261,861

26,499,739



3

576,979,200

463,985,339

112,993,861



4

641,088,000

485,954,079

19,391,740

135,742,181



5

641,088,000

478,453,534

20,329,308

142,305,158



6

641,088,000

471,475,397

21,201,575

148,411,028



7

641,088,000

465,397,150

21,961,356

153,729,494



8

641,088,000

459,731,063

22,669,617

158,687,320



Income gross

Mandatory reserve fund

Benefits and bonus fund



(58,307,804)

(58,307,804)



26,499,739

132,499

132,499

264,997

25,969,744



112,993,861

564,969

564,969

1,129,939

110,733,984



155,133,921

678,711

678,711

1,357,422

133,027,337



162,634,466

711,526

711,526

1,423,052

139,459,055



169,612,603

742,055

742,055

1,484,110

145,442,807



175,690,850

768,647

768,647

1,537,295

150,654,904



181,356,937

793,437

793,437

1,586,873

155,513,573



24%

16%

82%



25%

17%

85%



Business Development fund

Retained Earnings

Financial ratio

Return on Sale (ROS)

Return on Assets

Return on Equity



-18%

-6%

-31%



6%

3%

14%



20%

12%

61%



21%

14%

73%



Page 22 / 28



22%

15%

76%



23%

16%

79%



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CHAPTER III. ORGANIZATION PROJECT IMPLEMENTATION MANAGEMENT

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