It will be a project dedicated to the manufacture and marketing of all types of furniture such as chairs and beds, tables, or furniture for the storage or filing of books, magazines, clothes, among others, as well as urban furniture or urban equipment such as benches., canopies, bins, among others. Using wood, metal, plastic and fabrics as main raw materials.
It will also have the most innovative and updated furniture maintenance and upholstery center in the Puerto Plata area.
Why
Due to the growing demand in the construction area, the idea arises of a company that manages to meet the requirements of people with the most demanding tastes when it comes to distinguishing their home and making it a unique place, although the furniture will not bring more love to a home but will guarantee greater comfort and elegance.
1.2 Introduction
In order to project and publicize our furniture production and marketing project, under the name of MUEBLERÍA DIAZ, SA¨, which will have its production and administrative facilities in the city of Puerto Plata belonging to the northern region of the Republic Dominican.
Mission:
Its purpose will be to produce and commercialize its first quality products guaranteed by the timely supervision of production to achieve products that meet the requirements of the quality standards demanded by national and international markets.
View:
To be recognized as a top quality furniture producer nationwide showing flexibility to readapt the company to produce products according to the requirements and needs of the market.
Values:
Efficiency: By producing products that satisfy the market in a timely manner in terms of their production, distribution and delivery.
Flexibility: It will be subject to adapting to changes in the market.
Identity: Create internal values that identify our institution both internally and externally.
Responsibility: Always be in a position to produce quality products and guarantee respect for the standards required by the market.
Sustainability:
Framed in developing a production process that respects the environment and natural resources.
All this after reflecting the benefit towards the future based on the analysis (SWOT) presented below
Strengths:
Ability to meet demand.
Implementation of advertising strategies.
Skilled labor.
Advanced production technology.
Opportunities:
Market opening
Take advantage of market niches.
Unsatisfied demand for the product
Decrease in national competition in the export of furniture
Weaknesses:
Lack of systems to measure new trends at the international level in a timely manner.
Little experience in the market
kind of product
Threats:
Adaptation to international requirements and standards
Change in product demand
Political and sociocultural changes
Competition
Type of currency
Geographic location
Government regulations
1.3 Location or address of the project
This project will be located on the Puerto Plata - Luperon highway. This will be a project with one of the best quality standards at the national level, which will be equipped with two physical structures detailed below:
1st Building (Green Ebony): It will have two levels. The first level destined for the exhibition and sale of all the articles produced by the company, with a parking area of 30 vehicles for clients.
2nd Building (Roble): Which will be a single level destined exclusively for production, storage and parking for company vehicles.
1.4 Type of construction
The Ebano Verde building on its first level will be built in reinforced concrete and the second level will be built with 8 «blocks
While the Roble building will be a commercial metal building with top quality construction and its roof will have the solarguard insulation technology.
The construction area that the buildings will have will be 2,780.00 mts². All with a value of (RD $ 30, 500,000.00)
The area of the land is 3,400.00 mts². According to the cadastral plan belonging to parcel No. 1444 Cadastral District no. 2545 from this city of Puerto Plata.
1.5 Facilities provided by the project
This project will consist of several facilities among these are:
Recently remodeled main paved road with carriageways and containers which is an access road for all types of vehicles. Just 500 meters from the tourist complex of Playa dorada.
Public transport route
Electric power
Communication System: Telephone, fax and Internet service.
Garbage collection system.
Water service
20 minutes from the general airport Gregorio Luperón.
Chapter II
Legal phase of the project
This company will be legally constituted to strictly comply with the requirements demanded by the laws, which are the following:
Trade Name Registration.
Drafting of Bylaws, carried out by public act.
List of subscribers and payment status of the shares.
Constitutive Assembly.
Second Constitutive Assembly.
Payment of direct tax for company incorporation.
Commercial Registry and registration of the constitutive documents.
Payment of taxes on documents.
Obtaining the National Taxpayer Registry and Tax Card.
Commercial Name Request
Puerto Plata, RD
August 30, 2009.-
Sirs
National Office of Intellectual Property (ONAPI) Santo Domingo, DN
Attention: Trade Names Department
Distinguished:
The undersigned, RAMÓN E. YNFANTE T., of Dominican nationality, of legal age, single, Lic. In Accounting, holder of the identity and electoral card No. 0370092614-4, domiciled and resident in this city of Puerto Plata; Please cordially request that the following commercial name be registered for a term of ten (10) years: Mueblería Díaz, SA¨
This trade name has as its main purpose the elaboration of all types of furniture for commercialization, import and export sale.
This company will have a number of 5 shareholders and a total investment amount of 100,000,000.00
Waiting for a good response from your good offices, I salute you very
Cordially, Ramón E. Ynfante T.
Owner
Bylaws of the company Mueblería Díaz, SA
The undersigned, Lic. Ramón E. Ynfante T., Dominican, of legal age, single, public accountant, holder of the identity card and electoral number 037-0092614-4, residing in the city of Puerto Plata; has decided to establish a limited capital company company under the laws of the Dominican Republic, for which it subscribes these Bylaws, to which the owners of the shares of the same will be subject, and the matters that are dealt with in the following articles:
Title I: Of the name, address, object and duration
I.1 Denomination:
The company will be called "MUBLERIA DIAZ, SA", which will have a stamp with the legend of its name, which will be stamped on the share certificates and other documents that require it according to these Bylaws or commercial customs.
I.2 Of the registered office:
The registered office is established on the Puerto Plata - Luieron Highway, near the FUN CITY, in this city, municipality and province of Puerto Plata, Dominican Republic, but the Company by decision of its General Assembly of Shareholders may create and maintain branches in any other place, whether of the Republic or abroad.
I.3 Of the corporate purpose:
The main objective of the company will be the elaboration of all kinds of furniture with its own designs in all styles and artistic wood carving. In addition to restoring all variety of modern and antique furniture.
I.4 Of the duration:
The duration of the company is indefinite. It will expire, when its General Shareholders' Meeting so decides, with the affirmative vote of shareholders representing at least eighty percent (80%) of the subscribed and paid capital stock. Furthermore, in the event of the loss of eighty percent (80%) of the subscribed and paid capital stock, an Extraordinary General Assembly will be called to resolve on the dissolution and liquidation of the company, being equally necessary, in this case.
Title II: Of the capital of the company and of the shares
II.1 Of the authorized share capital:
The authorized capital stock of the company is set at the sum of one hundred million Dominican gold pesos (RD $ 100, 000,000.00) legal tender, divided into twenty thousand (20,000.00) shares with a nominal value of five thousand Dominican gold pesos (RD $ 5,000.00) each.
II.2 The Shares.
Each share gives the right, in the joint ownership of the corporate asset and in the distribution of profits, to a part proportional to the number of shares issued out of the authorized share capital.
II.3 Issue of Shares.
The shares will be issued by the Secretary of the Board of Directors, after receiving the full payment of their nominal value, either with cash, with goods in nature, with any other class of securities, or in payment of any appreciable profit. in money. These will be signed jointly by the Secretary and the President of the Board of Directors. The shares will be "registered" or "to order" or "Bearer" at the option of their owners.
II.4 Stock Check Book.
Every share certificate will be bound in a “book-checkbook” made for this purpose and will express the number of shares it represents, will have a serial number and will indicate the name and address of the company, its authorized and subscribed and paid share capital, as well as the date of its definitive constitution. It will be signed by the Secretary and the President of the Board of Directors.
II.5 Transfer of Shares.
The transfer of the "nominative" and "to order" shares will be verified by means of a transfer declaration registered in the company records and signed by the transferor or by his attorney-in-fact, in accordance with Article 36 of the Commercial Code; However, it can be carried out by means of an act under a private signature legalized before a Notary Public. Bearer shares are transferred by the single delivery of the title.
II.6 Increase in Authorized Share Capital.
The authorized share capital may be increased by accepting new capital investments, the application of the funds available from the reserves, or in any other way by decision of the extraordinary general meeting, expressly and specially convened for this purpose.
II.7 Submission to the Statutes.
The subscription or acquisition of shares that make up the authorized share capital of this Company imply by the acquirer the conformity and subjection to these Bylaws and the resolutions of the General Assembly of Shareholders and the Board of Directors.
II.8 Exercise of the Shareholder's Right.
The shares are indivisible with respect to the company, which only recognizes one owner for each share; consequently, the undivided owners of a share must be represented by the same attorney-in-fact. In the absence of agreement on this point or lack of civil capacity, the undivided owners will be represented by an agent appointed by the President of the Civil and Commercial Chamber of the Court of First Instance of the Judicial District of Puerto Plata, at the request of the most diligent part.
II.9 Loss of the Share Certificate.
In the event of loss of a Share Certificate, its owner may have a new one issued; For this, he must notify said loss by act of the bailiff in the person of the Secretary of the Board of Directors, then publish a notice of said loss two (2) times in a newspaper with national circulation an extract of the notification with an interval of one (1)) week at least between the first and the second publication. At the end of fifteen (15) days from the last publication, it will deposit two copies of the publication duly certified by the publisher and registered in the Office of Civil Registry and Mortgage Conservatorship of the Puerto Plata Municipality in the hands of the Secretary of the Board of Directors, who, if there is no opposition, will cancel the lost Certificate and issue a new Certificate of Action to its owner.If there is opposition, the Secretary of the Board of Directors will not cancel the certificates whose loss the petitioner alleges until the matter is irrevocably resolved by a settlement agreement under private signature and notarized legalization or by judicial decision with res judicata authority.
II.10 Limited Liability.
Shareholders are responsible for the company only up to the amount of their shares. They are not bound, even with respect to third parties, beyond that limit. Neither are they obliged to return dividends regularly received, nor to make contributions of additional funds.
Title III: Of the direction and administration of the company
III.1 Of the management and administration of the company
The direction and administration of the company will be in charge of the General Assembly of Shareholders and of a President Administrator. As a monitoring and control body, the company will have one (1) Account Commissioner, who will be invested with all the powers and prerogatives with which the Law and these By-laws invest the Account Commissioners.
III.2 Of the integration, the convocation, and the place of the General Assemblies.
The General Assemblies of Shareholders will be validly constituted by the meeting of the owners of the issued shares charged to the authorized capital stock or their representatives, in the proportion and through the formalities required by the laws and by these Bylaws. They will be regularly constituted, validly deliberate and represent the universality of the shareholders and the shares, when they are composed of shareholders who represent the portion of the subscribed and paid capital required in each case by the law and these Bylaws. The agreements of the General Assemblies will be adopted by the method of the simple majority of the votes of the assembly members, they are final and conclusive. Its resolutions oblige all shareholders, even those absent, dissenting, and the incapable,and there will be no recourse against said agreements, except in the cases provided by law.
III.3 On the agenda, on the attendance lists.
The order of business for the assemblies will be drawn up by the official who makes the call. It will consist of the proposals that emanate either from the President-Administrator, from the company officials, from him or from the Commissioners, or from the shareholders who, representing twenty-five percent (25%) of the subscribed and paid capital, suggest to the President-Administrator the call, and after the dissolution of the company of the proposals of the liquidator or liquidators.
III.4 Of the regulatory quorum.
Duly convened General Assemblies may not be constituted or take a valid agreement except when at least fifty percent (50%) of the subscribed and paid capital stock is represented in them. If sufficient capital does not attend the first meeting called, the same person who has executed its call will make a second call, and then the General Assembly will validly decide in accordance with Article 57 of the Code of Commerce, whatever the proportion of the capital stock represented..
III.5 On the right to vote, on the way I vote
Each share gives the right to one vote, except in the case provided by article 57 of the Commercial Code. The right to vote will be verified with the entries in the stock book on the date of the Assemblies. The shareholders will express their votes by raising their hands at the time of submitting the proposal, or in public scrutiny by call of each of the members of the Assembly, as decided by the board of directors. However, the President-Administrator or the shareholders representing at least half (1/2) part of the capital stock may request that the scrutiny be secret. In the event of a tie, the vote of the President-Administrator will prevail.
III.6 Of the representation of the shareholders.
Shareholders may be represented at the General Assemblies by agents, said mandate must be contained in an act under private signature legalized before a Notary Public.
III.7 Of the directive of the assemblies.
The board of directors for the assemblies will be composed of the President-Administrator, the Vice President, and the Secretary. The Administrative-Presidency shall correspond by right to the President-Administrator, or whoever replaces him in accordance with these Bylaws. In the absence of whom, the shareholder with the greatest number of shares will preside over the Assembly and if there are two or more shareholders with the same number of shares, the shareholder with the longest service as such will do so. In case of absence or impediment of the Secretary, the Assembly will appoint an Ad-hoc Secretary.
The Assemblies called at the diligence of a Commissioner or by another person to whom the court has given mandate, will be chaired by the partner with the largest participation in the subscribed and paid capital who is present. After the dissolution of the company and during its liquidation, the meetings will be chaired by one of the liquidators or by the sole liquidator as the case may be.
III.8 Of the minutes of the assemblies.
Minutes will be drawn up for each meeting, which will be recorded in a special book and will be certified by the Secretary and endorsed by the President of the Board of Directors; It may be signed by all shareholders, present and / or duly represented at the Meeting, who so wish. The Minutes of the Assemblies will be reliable and their probative value will be considered until the "registration in falsehood" in accordance with the procedure established by the Code of Civil Procedure, with the respective certification and endorsement of the Secretary and the President of the Council of Directors.
Title IV: General Assemblies
IV.1 Of the various kinds of assemblies.
The General Shareholders' Meetings will be: "Constitutive", "Ordinary Annual", "Ordinary Non-Annual", and "Extraordinary".
IV.2 Of the Constitutive General Assembly.
The General Constitutive Assembly will meet during the process of incorporation of the Company in accordance with the provisions established below and in the Commercial Code. Its call will be made by the founders. In addition to those established by the Commercial Code, the following are specific powers of the General Constitutive Assembly:
a) Verify the funds contributed and verify the sincerity of the declaration made by the founder (s) of the company.
b) Approve the Bylaws and declare the company regularly constituted.
c) Elect the first administrators, and the First Commissioners.
IV.3 Of the Annual Ordinary General Assembly.
The Annual Ordinary General Assembly, is the one that each year deliberates and decides everything concerning the normal activities of the company during the period of social exercise elapsed. It will meet at the corporate seat of the entity, within the first semester of each year, at the call of the President - Administrator.
Appoint each year the administrators and the Commissioner or Commissioners.
Know the report of the President-Administrator, accept, amend or reject the balance and accounts; the decision on this matter will be void if the deliberation on this matter has not been preceded by the reading of the Commissioner's report.
Determine everything related to the provision of benefits, if any, their form of payment or the destination that should be given to them, having to separate the amounts related to the legal reserve and being able to allocate other funds to conventional reserves that are considered necessary for the good development of society. The Assembly may order that dividends be distributed periodically.
Approve the expense budget for the following business year.
Establish on all authorizations, and all special powers that must be conferred on the President-Administrator and / or any of its members on unforeseen issues.
IV.4 Of the Non-Annual Ordinary General Assembly.
The Non-Annual Ordinary General Assemblies know and decide on all acts and operations that refer to management or administration events of the company, or the application or interpretation of the statutes that exceed the powers of the social administrators. They will have the following main powers:
Replace the administrators before the expiration of the term of their functions and permanently fill the vacancies that occur.
Substitute the Commissioner (s) due to death, resignation, disqualification or interdiction, when said appointment is not within the competence of the President of the Court.
Exercise the powers of the Annual Ordinary General Assembly when for any reason said Assembly has not met on the established date, or when, having held it, it has not resolved any matter within its competence.
Know and resolve on any proposal or matter that appears on the agenda that is not the competence of the Extraordinary General Assembly.
IV.5 Of the Extraordinary General Assemblies.
The Extraordinary General Assemblies will resolve everything related to the dissolution of the company and will take cognizance of those matters that imply the modification of these Bylaws. Its main responsibilities are:
Increase or decrease the authorized share capital;
Divide the capital stock into shares of another type;
Transform the company into any other type of company than those provided for in the
Commercial Code;
Decide on the merger or total or partial alliance of the company with other companies;
Determine the annexation and absorption of any company, as a result of the acquisition of its shares, or by any means, as well as obtaining control of any company by purchasing the shares conferred by the majority;
Authorize the total or partial modification of the corporate purpose;
Resolve the total or partial amortization of the capital stock in the conditions that the Assembly decides, always maintaining the principle of equity among the shareholders and with the condition that said amortizations will only be made with the use of the social benefits of reserves that exceed the fund legal reserve;
Change the name of the company;
Title V: Officials
V.1 Of the administrators
The administrators will be elected the first time by the Constitutive General Assembly and will last in their functions three (3) periods of social exercise; after which their substitutes will be elected for periods of four (4) years. Administrators can be reelected. In the event of incapacity, death or declared absence of the President Administrator, the Vice President will carry out his functions temporarily, until the Ordinary General Assembly meets within a period of fifteen (15) days from the date of verification of the incapacity, death or declaration of absence of the President-Administrator to appoint a substitute.
V.2 Of the President - Administrator.
The President Administrator will have the direction and administration of the company during the period in which the General Assembly is not deliberating and during that period will be able to resolve any matter and carry out any act that is not of the exclusive attribution of the General Assembly.
V.3 Powers of the President-Administrator.
The President Administrator is invested with the most extensive powers to act on behalf of the company and to carry out or authorize all acts and operations related to its object, including but not limited to:
Represent the Company in its relations with third parties.
Appoint and revoke all employees and agents of the Company, and indicate their remuneration, which may be fixed or proportional to benefits or both at the same time, as well as the other conditions of admission or revocation and determine whether or not there is room to grant bonuses to employees and set the amount of these.
Set general administrative expenses. Receive the sums owed to the company, pay those that it owes and settle all the accounts;
Determine the placement of the available sums and regulate the use of reserve funds and other funds that are created by virtue of these Bylaws;
Open current accounts and deposit accounts in the banking entities in the name of the company, and draw their sole signature against them. Being expressly empowered to delegate to third parties the power to sign on the company's account;
Carry out all kinds of acquisition, transfer, alienation, of income, securities, credits, concessions and any other rights over the movable or immovable property of the company;
V.5 From the Vice President.
The Vice President will replace the President-Administrator in all acts and powers in which said official cannot act.
V.6 Of the Secretary.
The Secretary will have, in addition to those set forth in other Articles of these Bylaws, the following powers:
Write and keep in good order at the registered office the minutes of the General Assemblies;
Keep the Book of Shares and note in it the transfers of shares and changes of address of the shareholders, as soon as they are notified to the company;
Sign with the President the Stock Certificates of the company, as well as the certifications of the minutes of the General Assemblies and any other certification;
Organize and prepare the General Assemblies;
V.7 Of the Commissioner
At the First General Assembly, one (1) Commissioner will be appointed to carry out this position in accordance with the Law in the manner established in these Bylaws for one (1) year.
The Commissioner may or may not be a shareholder, and may be re-elected one or more times.
The Commissioner must present annually to the Ordinary General Assembly, a report on the situation of the Company and on the accounts and balances presented by the President Administrator. These reports must be delivered by the Commissioner to the President Administrator, at the domicile of the Company, fifteen (15) days at least before the date set for the Ordinary General Assembly on which they should be known.
Title VI: Social period - distribution of benefits
VI.1 Social period - distribution of profits
The fiscal year will begin on the first (1st) day of January and will end on the twenty-fifth day (31) of December of each year. The inventory and the profit and loss account will be made annually. All balances, inventories, accounts or reports that are submitted to the Ordinary General Assembly, must refer to the social period immediately prior to the day on which said Assembly meets, without prejudice to the fact that data referring to other previous years may be required. The first fiscal year will begin on the day of the Company's Constitution, and will end on December 31 of the year following its legal constitution.
The total of the net benefits obtained each year will be distributed as follows:
Five percent (5%) will be allocated to the Reserve Fund required by Law until that reserve fund reaches ten percent (10%) of the capital stock;
The remaining sum will constitute the amount to be distributed as dividends among the shareholders. However, the General Assembly may order that a part of the dividends be reserved to be used in the way it deems most convenient, to make amortizations of the Company's liabilities, or for the amortization of shares, or for any other use. in the interests of the Company.
Title VII: Dissolution and liquidation
VII.1 Dissolution and liquidation
The General Assembly that agrees the dissolution of the Company, must be "Extraordinary", and will conform to the provisions of these Bylaws and the Law.
The Extraordinary General Assembly to be held for this purpose shall regulate the manner in which the Company is wound up, and shall appoint those who have to carry it out, ceasing as of this the appointment of the President-Administrator. However, if the Extraordinary General Assembly called to resolve the dissolution and liquidation does not regulate it or appoint the liquidators, the President-Administrator of the Company or whoever replaces him will assume the functions of liquidator with full right and will proceed to the liquidation in accordance with the law.
Title VIII: Of the answers
The disputes that arise during the existence of the Company or during its liquidation, between the shareholders and the Company, the administrators or the commissioners, as well as between shareholders due to the Company's business, will be submitted to the jurisdiction of the courts. competent authorities of the Judicial District of Puerto Plata.
Historical review
Human beings have had furniture since ancient times, although it is not known for sure when man begins to use furniture. The furniture appears with Homo sapiens. In principle, furniture was not built but were elements of nature which were used as furniture.
It is later when the first man-made furniture appears. For its manufacture, wood is used as a material given its availability and ease of handling.
At first, the piece of furniture was a utilitarian object intended to provide comfort. Later, with evolution, man gave furniture the status of a work of art, using it to highlight social position and as a symbol of wealth and power. So much so, that there are properties that are worth less than the furniture that they house inside.
History of furniture in the country
Furniture exists from the moment man decides to leave the floor for the comfort of sitting on a stone or a fallen log. A sample corresponding to this stage in the evolution of humanity and parallel to the history of Dominican furniture, is the hammock, hanging and portable bed, made of fibers from a tree, from which it is believed it takes the name.
Another piece of furniture developed by the Taínos was the duho, which was a kind of stool, made of stone or wood with geometric engravings on the upper part, four legs, the front two being shorter than the rear and with an animal head. In it the chiefs sat to rest, squatting, during certain ceremonies.
According to an article written by Arancha Toribio, from the INTEC Industrial Design Center, probably, after the colonization the Spaniards who settled on the island had to build some type of furniture, surely based on the characteristics of the styles in force in Europe during the time, which must have turned out to be much rougher and more rudimentary, due to the use of other woods and fabrics and the lack of skill of the local workforce.
If this has been the case, there are no traces of said furniture, nor are there any references to the development of any Creole style in furniture, which combines the formal and artisan characteristics of colonizers and colonized, probably due to the lack of artistic miscegenation that occurred on the island. due to the extinction of the indigenous population.
Likewise, there are also no references to the furniture of the 18th century, being necessary to take into account the fact that during these two centuries the island was immersed in abandonment and decadence and that by the end of the 18th century, according to certain writings, the primitive character in the furniture of the time.
Evolution of Dominican furniture
Towards the 1890s, together with the changes that were taking place in the economy, politics, social stratification, in the media, the organs of cultural transmission and even in the demography of the island, the Dominican furniture began to shed of this rustic and primitive character that represented it.
The Dominican bourgeoisie makes use of architecture and furniture in its competition for social status; The houses are furnished with imported furniture provided by the emerging and prolific importing companies that brought them on ships from Europe and the United States.
Starting from the fact that there is a notable introduction of foreign furniture in the country, the national furniture industry is beginning to develop. Starting in the mid-nineteenth century, design focuses on style trends from past eras.
The Victorian style experiences great proliferation in Europe due to the desire for ostentation of the time and reaches the country and the United States.
The first wicker furniture arrived from England, but from the immigration of the Chinese colony during the Trujillo regime, factories were established in the country for its production.
Another very characteristic style of the Victorian is that developed by the German Michael Thonet, steam curved, and characterized by being light, flexible and durable, even being detachable. This style was not as copied by local cabinetmakers due to its advanced bending technique. You can see replicas of these in the Museum of the Dominican Family.
By 1920 models of French, English, Spanish and North American furniture began to be adopted in their manufacture with Creole woods such as mahogany, cedar and shin, which, together with the artisan reinterpretation according to the resources and the intermixing of all these styles, generates in itself a new character in the furniture. In an article published in the newspaper dated December 14, 1996, César Iglesias and Antonio Caren, in San Pedro de Macorís, José Socías and Alfredo Hirlen, in Montecristi are mentioned as manufacturers; William Charro, in Puerto Plata and Pascual Palacios in Santo Domingo.
Palacios, of Spanish origin, in 1920 established a sculpture and marquetry workshop introducing a new aesthetic to the furniture, product of the mixture between the Castilian Renaissance style and his own inspiration.
This is how the Palace style imposed by the master Palacios emerged. Trujillo, a lover of titles and symbols of power and his delusions of grandeur, made Palacios become the official cabinetmaker of the State. At that time Palacios was known internationally. It was he who made the famous rocking chair that President John F. Kennedy used.
A second workshop is that of the Sabina furniture store, initially established in Santiago and later in Santo Domingo.
Types of furniture
There are several types of furniture, those that have a horizontal surface separated from the floor, such as chairs and beds, tables, or furniture for the storage or filing of books, magazines, clothes, etc. Urban furniture or urban equipment is the set of benches, canopies, wastebaskets, etc. installed by municipalities for neighborhood use.
Materials: The materials used to make furniture are usually:
Wood: From the Egyptians to the Art Nouveau style furniture had a great role. Today it is still the material of choice for most people. The woods most used for the manufacture of furniture are: oak, pine, cherry, chestnut, beech, etc.
Plastic: This material began to be used for furniture design after the Second World War. The first to innovate in the use of plastic were the Italian designers of the Radical Design movement.
Metal: It began to be used in the manufacture of furniture after the First World War, with the appearance of the Modern Movement and Marcel Breuer's designs with curved and chromed steel tube that imposed a new style of furniture.
Furniture styles
Home furnishings are determined by styles. There are those who like the elegant lines of contemporary pieces or those who prefer the traditional charm of 18th century furniture. There are many styles of furniture, here are some of them.
Traditional furniture:
This furniture is the most conservative. They feature a host of elegant details: detailed curved lines, symmetrical patterns, dark and shiny woods such as mahogany and cherry, and lastly, fine upholstery.
Contemporary Furniture:
They are those that emerged from the second half of the 20th century. They are not modern but have an up-to-date air of graceful curved lines and well-defined simple shapes.
Rustic furniture:
This style usually presents apparently used furniture, simple or rudimentary and with folkloric motifs, where the materials are shown as they are, the finishes are natural and made by hand.
Colonial furniture:
The colonial style comes from the old farms and haciendas of past centuries. This style is one of the most used in home decoration and is characterized by the use of native materials, solid woods and handcrafted details that give the environment an exotic touch.
Vintage style furniture:
The vintage style is based on the recovery of furniture from the past.
Designer furniture:
They are elegant furniture, which have fine finishes. The beauty of these furniture is at the same time in the level of practicality of them. For this reason, it is not just about armchairs, chairs or tables, but designer furniture is a kind of true works of art.
Minimalist style furniture:
This style rejects excessive ornamentation and complexity in design and is committed to functionality within the home.
Baroque style furniture:
In this style we see ornate motifs and accessories, full of materials and shapes that are heavy and confusing.
Pop style furniture:
It is an innovative trend that not everyone likes, but it is practical, functional and very popular in recent times. In this style, bright colors and bold and original prints predominate. Chairs of strange shapes, very high tables or on the contrary at ground level, crazy lamps, and all kinds of accessories that have to do with art and this type of culture.
Zen style furniture:
Furniture of this style must follow the maximum simplicity in its lines. Low furniture, with straight lines that mostly preserve the color of natural wood.
Classic style furniture:
The classic furniture is characterized by sober lines and warm colors. Conventional woods such as walnut, mahogany and cherry are used, usually stained and with artisan finishes.
Modern furniture:
Modern furniture is characterized by minimalism and light lines. Each element must fulfill its function and its location in each room of the home.
Statement of the problem or identification of the problem
In this city, the highest percentage of commercial machinery has been dedicated to tourism, with the consequence that this type of companies are scarce in the city, which opens a situation for this type of industrial company.
This project will become an innovation in the industrial sector of the area, something new, unique in the industrial history of the area and the most certain is that it will have good acceptance because it will mobilize the local workforce.
After an investigation carried out, it was determined that in this city of Puerto Plata there still did not exist a company that was capable of providing this type of multiple services to the general public.
Among the services offered by this company we will have:
Furniture manufacturing
Manufacture of modular kitchens
Manufacture built-in and semi-built-in wardrobes
Upholstery of all types of furniture
Maintenance and repair of all types of furniture
Sale of all kinds of articles for upholstery and home decoration
Restore antique furniture
Decorate business premises
Possible causes that explain the problem
In this area there are not a few companies with the diversity of products and services that it will offer as mentioned above since the largest percentage of the productive machinery is dedicated to tourism
Information or data that serve to demonstrate the existence of the problem
At the time of acquiring this type of product, 80% percent of the cases must be moved to inland cities
The high cost of production of this type of product
The other providers of this type of product do not offer many facilities
Where the problem is geographically located
This problem is physically located in the north, especially in our city of Puerto Plata.
Society's opinion on the project
It is very important to know what the opinion of society is about the installation of this project.
For this purpose, a questionnaire has been designed that will be used to a previously determined segment of the population and the results will be presented in the market study.
Context of the problem within the framework of the plans and solution of it
The objective of this project is to achieve innovation in the industrial sector, managing to meet the needs of this sector in an efficient and high-quality way.
Chapter III
The market
Description of the product or service
MUEBLERÍA DIAZ, SA will be an innovation in the industrial area dedicated to the manufacture of various types of furniture for home comfort.
Approved by the strictest quality controls, this new factory will become one of the best nationally and internationally.
The manufacture of these will be based on a strict selection of the different raw materials, whether local or international, using materials such as wood, metal, plastic, fabric among others, in order to achieve a quality product at an international level.
Market area
The products offered by MUEBLERÍA DIAZ, SA¨ will be aimed at the general population that wants to enjoy the comfort of its products
Its area of greatest concentration will be the province of Puerto Plata, since so far 100% satisfaction has not been achieved among consumers.
It will have a covered and closed warehouse with an internal control system controlled by the inventory manager
The propaganda to be used will be radio, television and urban
Market research or study
Along with everything concerning this project, a market investigation has been carried out to establish the approval of the population for the establishment of this type of factory.
Which will have as its main objective the production of different types of furniture nationally and internationally
This research has been designed for a population of approximately 200,000 inhabitants in the city of Puerto Plata, the sample was chosen based on the Fisher and Navarro formula, which projected that 200 people of their age and / or their age should be surveyed freely. sex but in this case it will be applied to people whose ages range from 18 years onwards. This questionnaire used reflects about 15 questions with closed answers. The result obtained will be presented using tables and graphs.
Question 1
As we can see in this graph, people from 15 to 18 years old were not interviewed, 25 people from 19 to 25 for a percentage of 13%, 50 people from 26 to 30 for a percentage of 25% and 125 of 31 in forward for a percentage of 63%.
Question 2
From the previous graph we obtain from the interviewees that 110 are Dominican for a percentage of 55%, 50 are resident foreigners for 25% and 40 are non-resident foreigners for 20%.
Question 3
From this we have that of the respondents 120 are male, 60% and 80 are female for 40%.
Question 4
Here we can see that all the people interviewed have some type of furniture at home.
Question 5
Of the furniture known to people, 35 know about office furniture for 18%, 105 about home furniture for 53%, 35 about kitchen for 18% and 25 about park furniture for 13%.
Question 6
Question 7
From this, we obtain that 70 acquire the furniture at a good price for 35%, 112 not for 56% and 18 sometimes for 9%.
Question 8
From this question we have the following: 38 answered that they know the traditional style furniture for 19% 30 they know the contemporary ones for 15%, 25 the rustic furniture for 13%, 32 the colonial furniture for 16%, nobody knows the vintage type furniture for 0%, 2 know the design furniture for 1%, 17 the minimalist for 9%, 5 the baroque furniture for 3%, one the pop style furniture for 1%, 3 the zen style furniture for 2 %, 12 the classic style for 6% and 35 the modern style for 18%
Question 9
Here we observe that 35 people surveyed know traditional furniture for 18%, 27 contemporary furniture for 14%, 31 rustic furniture for 16%, 33 colonial furniture for 17%, 20 minimalist style and classic for 10%, while vintage, designer, baroque, pop and zen style furniture are not known
Question 10
Of the acceptance to the furniture factory in this city, 30 responded fair for 15%, 65 good for 33%, 101 very good for 51%, 4 bad for 2% and no one answered very bad.
Question 11
Of this question, 162 of the interviewees answered that they would like to buy furniture manufactured in this city for 81%, and 31 answered perhaps for 19%, while no one answered no.
Question 12
From this, we obtain that 75 of the interviewees would expect quality and variety of furniture manufactured in this city for 38%, 90 quality and good price for 45% and 35 good price and variety for 18%.
Question 13
In this, 75 of the interviewees answered that a piece of furniture can compete internationally for 38%, 45 not for 23%, and 80 perhaps for 40%.
Technical study
The factory will have a processing capacity of 6.88 units per day. According to the investigation carried out.
The production capacity of this factory will be 384 feet of wood per day, according to this study, working 8 hours a day for 330 days of the year
3.4 International Market Study
Detail Haiti Puerto Rico Venezuela Colombia Chile
Market accessibility
Factors
Geographic 5 4 3 2 1
Factors
Economic 1 5 3 2 4
Factors
Politicians 4 3 1 2 5
Factors
Sociocultural 2 3 1 5 4
Market Potential
Demand
Current 5 3 1 2 4
Demand
Potential 3 1 5 2 5
Import
World 5 1 2 4 3
Competence 1 2 4 3
Country Risks 1 2 4 3
Transaction security 2 1 5 3 4
Production
This factory will start with high-tech machinery and a production capacity of 380 feet of wood in an 8-hour day. Which will increase over the years
Production Daily (Feet) Weekly (Feet) Monthly (Feet)
1st year 384 2,688 11,520
2nd year 384 2,688 11,520
3rd year 400 2,800 12,000
4th year 400 2,800 12,000
5th year 450 3,150 13,500
6th year 500 3,500 15,000
7th year 500 3,500 15,000
8th year 500 3,500 15,000
9th year 600 4,200 18,000
10th year 700 4,900 21,000
3.6 Product
The final product of this factory will be furniture of the highest quality
Demand
This is the projected demand for 5 years
Years
X
Demand (Y)
X2
XY
2011
one
8
7
8
2012
two
eleven
12
twenty
2013
3
16
fifteen
44
2014
4
22
17
78
2015
5
27
29
140
2016 6 32 32 160
Summation
twenty-one
116
112
450
Store projection and sale of computer programs for the next 5 years.
Formula (A)
∑ (Y) ∑ (X 2) -∑ X (XY)
= (116) (112) - (21) (450) = 12992 - 9450 =
N ∑ X2- (∑ X) 2 (6) (112) - (21) 2 672 - 441
3542/231 = 15.33
A = 15.33
Formula (B)
N ∑ (XY) - ∑ (X) (∑ Y)
= 6 (450) - (21) (116) = 2700 - 2436 =
N ∑ (X2) - (X) 2 (6) (112) - (21) 2 672 - 441
264/231 = 1.14
B = 1.14
Demand Y = a + b (x)
Projection for the next 5 years.
Years
X
Projected demand
Formula Y = a + b (x)
2016
7
23.31
Y = 15.33 + 1.14 (7) = 23.31
2017
8
24.45
Y = 15.33 + 1.14 (8) = 24.45
2018
9
25.59
Y = 15.33 + 1.14 (9) = 25.59
2019
10
26.73
Y = 15.33 + 1.14 (10) = 26.73
2020
eleven
27.87
Y = 15.33 + 1.14 (11) = 27.87
Offer
According to the research carried out, the offer will be based on the amount of customer demand
Price
In this case, the prices of the different products to be manufactured by this will always be varied and depending on the type of completion. Trying to maintain those prices for several years, but this will depend on the inflation in the Dominican Republic and how the costs of production will increase.
Here I describe the prices of some of the products to be produced:
Contemporary furniture sets: RD $ 60,000.00
L-shaped furniture sets: RD $ 95,000.00
Rustic furniture sets: RD $ 135,000.00
Cabriole room games: RD $ 65,000.00
3.10 Marketing
The furniture of this company will be marketed in the national market in all its forms
This type of product usually has no packaging so it will only be covered with a plastic material to protect the product.
It will have a television and urban radio advertising, the different products will be transported nationwide by land
3.11 Industry
Industrial activities are the processing of all raw materials to be used to transform their products
3.12 Trade
It will be dedicated to the production and marketing of all types of furniture
3.13 Competition
Its main competences will be:
Inside the country:
Comercial Low, Price C. by A.
Monegro Furniture
Rufino`s Tropical Confort
3.14 Cost:
DIRECT COSTS:
Raw material 2,250,000.00
Labor 720,000.00
Total 2,970,000.00
INDIRECT COST
Fuels 60,000.00
Depreciation 200,000.00
Repair and maintenance 30,000.00
Property insurance 40,000.00
Social security 65,000.00
Infotep 8,360.00
Holidays 250,450.00
Royalty 650,550.00
Light 250,000.00
Water 7,000.00
Telephone 150,300.00
Others 5,000.00
Total RD $ 1,716,660.00
Gross Domestic Product (GDP) from 2003 to 2008
Year Gross Domestic Product (GDP)
- Real Growth Rate Position Change
Percentage Date of
information
2003 4.20% 60 2002 est.
2004 -.70% 196 -116.67% 2003 est.
2005 1.70% 180 -342.86% 2004 est.
2006 9.30% 15 447.06% 2005 est.
2007 10.70% 13 15.05% 2006 est.
2008 7.20% 37 -32.71% 2007 est.
3.19 Potential Demand
With the market research carried out, a large part of our country was determined there is an unsatisfied demand in the production of furniture
3.20 Brand Label and Logo
Below is what the company logo will be
Chapter IV
Project engineering
For the engineering process of the project to decide on this land, its soil, dimension, surface, access were taken into account, so all the possible and necessary studies were made.
In this way we had the need to get advice from different professionals in the area of construction, law, accounting, system such as: Notary Lawyer, Architects, Civil Engineers, Accountants, Electronic Technician, bricklayers, plumbers, cabinetmakers, among others.
4.2 Trial and Preliminary Investigation
To start this project, all preliminary investigations were carried out from the selection of supplies to the final decoration of the building.
On the other hand, the engineer determined that the land where the MUEBLERIA DIAZ, SA building will be built, is quite resistant, which is why it was decided to build a two-level building and another one with one level.
Regarding the study of the raw material for use in production, the necessary investigations were carried out and it was determined that the raw materials to be used in the products to be manufactured are of international quality
As for the depreciation of the depreciation of machinery and equipment, this will be carried out in accordance with the provisions of Law 11-92 of the Dominican Republic. Which divides depreciation into the following three categories:
Category I: Buildings and their structural components.
Category II: Automobiles and light trucks in common use such as office equipment and furniture, computers, information systems and data processing equipment.
Category III: Other machinery and equipment that does not classify in the previous categories.
The percentages applicable to the categories are detailed below:
Category I: 5%
Category II: 25%
Category III: 15%
4.4 Building layout on the ground
The area of the land is 3500 mts². And the construction area that the buildings will have will be 3,200 mts². With which the Ebano Verde building will be used on its first level for the exhibition and sale of the different products to be manufactured and the second level for administration and management
The second building destined for production where the operators will be prepared to provide a service of the highest quality here is where all the products will be designed and then passed on to the production process where they are cut, measured, polished, upholstered, repaired among others.
Here are the specifications in the plans
4.5 Distribution of equipment and machinery in the building
For the production area we will have the following machinery:
Detail Quantity Cost Amount Observation
Trucks 3 RD $ 850,000.00 RD $ 2,550,000.00 For the
transport
Machines
industrial 7 RD $ 15,000.00 RD $ 105,000.00 To sew
Circular Closures 3 RD $ 65,000.00 RD $ 195,000.00 To cut
woods
Radial closures 3 RD $ 70,000.00 RD $ 210,000.00 To cut
woods
Thicknesser 2 RD $ 90,000.00 RD $ 180,000.00 To give thickness to the
wood
Industrial galopa 2 RD $ 85,000.00 RD $ 170,000.00 To brush wood
Lathe 1 RD $ 60,000.00 RD $ 60,000.00 To make figures in wood
Drill
pedestal 2 RD $ 40,000.00 RD $ 80,000.00 To drill wood
Compressor
industrial 2 RD $ 30,000.00 RD $ 60,000.00 To supply compressed air
Air extractors 1 RD $ 105,000.00 RD $ 105,000.00 To remove the
air and dust
Industrial polisher 1 RD $ 150,000.00 RD $ 150,000.00 To polish
wood
Sin Fin industrial 1 RD $ 75,000.00 RD $ 75,000.00 To make forms in the
wood
Reuter 3 RD $ 18,000.00 RD $ 54,000.00 For molding wood
Manual polishers 4 RD $ 20,000.00 RD $ 80,000.00 To polish
wood
Manual drills 7 RD $ 15,000.00 RD $ 105,000.00 To drill wood
Compressor
practical 3 RD $ 18,000.00 RD $ 54,000.00 To supply compressed air
Air staplers 5 RD $ 40,000.00 RD $ 200,000.00 For upholstery
Manual staplers 5 RD $ 2,500.00 RD $ 12,500.00 For upholstery
Air guns 5 RD $ 7,000.00 RD $ 35,000.00 To nail
Paint guns 4 RD $ 2,500.00 RD $ 10,000.00 To polish
wood
Vibrators 4 RD $ 6,500.00 RD $ 26,000.00 To polish
wood
Climbers 4 RD $ 7,000.00 RD $ 28,000.00 To make shapes in the
wood
Computers 3 RD $ 30,000.00 RD $ 90,000.00 For area control
Total: RD $ 1,801,500.00 RD $ 4,634,500.00
For the administration area we will have the following furniture or equipment:
Detail Quantity Cost Amount Observation
Computers 7 RD $ 30,000.00 RD $ 210,000.00 To keep track of the area
Photocopiers 3 RD $ 25,000.00 RD $ 75,000.00 Copy Information
Printers 4 RD $ 4,000.00 RD $ 16,000.00 Print information
others RD $ 2,109,000.00
Total: RD $ 59,000.00 RD $ 2,410,000.00
4.6 Performance
The production capacity of this factory will be 192 feet of wood per day, working 8 hours a day for 320 days of the year.
Frequency Feet Units
Daily 1344 6
Weekly 9408 42
Biweekly 141 120 630
Monthly 2116 800 9450
4.7 Flexibility in Production Capacity
The equipment and machinery to be used by this factory, can be produced, have a production capacity of 10 units Daily
4.8 Work Program
The work program to be carried out by the factory must be rigorously planned by the person in charge of production and quality control, which will be established by the highest standards
Chapter V
Project size and location
5.1 Project Size
The size of this will be determined by the demand obtained from local distributors, as consumers identify with the furniture made by this company and continue to acquire it.
There is a good availability of raw material in the country since there are several free zones and other companies for the purchase of raw material
The geographic area at the beginning will only be on the entire national level
5.2 Market size
The market of this company is aimed at providing its products to the entire Dominican geographic area to a population of more than 3.5 million inhabitants according to the 2002 national population and housing census.
5.3 Technical Size and Investments
Since the factory is located in an area with very strong access, the investment for the transport and distribution of the oranges will not entail much investment.
The transport and distribution of the products does not entail a strong investment since it is located in an area of easy access
Market situation
The furniture has been increasing the demand due to the great variability of use, so that worldwide there is an unsatisfied demand, becoming an attractive product worldwide since its characteristics allow it to have a greater demand, and it has a great variety that has not been exploited by the local market for export.
Currently there are international agreements that facilitate global marketing, allowing this to develop new industries to meet the different international markets. However, the establishment of different quality standards that markets require makes it difficult to insert the product into them.
Technological advances at the local level limit the country's competitive level with other countries that have achieved greater technological development. However, at present the Dominican state is showing great interest in industrial development and maintenance, providing producers with technical and financial assistance through the Central Bank.
5.4 Size and Financing
60% will be set aside by investors and 40% contributed by commercial banks and the Reserve Bank
Investment
6.1 Calculation of fixed assets
Land RD $ 50, 800,000.00 Building RD $ 23, 280,000.00 Total: RD $ 74, 080,000.00
Machinery, Office Equipment and Transportation Equipment
RD $ 4, 544,500.00
Office Furniture RD $ 2,500,000.00
TOTAL RD $ 81,124,500.00
6.2 Liabilities
Liabilities: RD $ 354,520,8.07
Calculation of Working Capital
Normally when talking about working capital, reference is made to net working capital, which is the difference between current assets and current liabilities, while gross working capital is the company's investment in current assets.
CT = Act. Cir. - Pas. Cir.
Act. Cir. = 4,867,659.54 Ct = 4,867,659 - 3,545,208.07 = 1,322,450.93 Pas. Cir. = 3,545,208.07
The working capital currency used by this company will be the Dominican national currency
6.4 Investment Calendar
Investments should start no later than January 2010, since its start of operations is projected for January 31, 2011
Grama flow of the production process of Mueblería Díaz, SA¨
Start
Raw material
Measurement, cutting and drilling
Semi-automatic and inspection
Material entrance
Cleaning
Material entrance
Assembly and inspection
Material entrance
Termination assembly
And inspection
Material entrance
Manual cleaning
Painting
Inspection and painting
Material input Finished product warehouse
Office
Calculation for Proration
DESCRIPTION AMOUNT
Capital 50,000,000.00
Purchase of Equipment, Machinery and facilities.
3,500,000.00
Purchase of materials 4,000,000.00
Purchase of Land 50, 800,000.00
Construction 22,800,000.00
End of Construction 1,800,000.00
Funds 14,000,000.00
Funds for project operations 15,600,000.00
Chapter VII
Project income budget
Production costs or expenses
Raw Material RD $ 7,446,200.00
Electric power RD $ 4,450,000.00
Fuel RD $ 1,220,000.00
Labor RD $ 2,998,300.00
Total: RD $ 16,114,500.00
Expenses:
Salaries RD $ 2,998,300.00
Bonus RD $ 526,802.39
Personnel expenses RD $ 1,029,962.38
Gast. By Works sum. And serv, RD $ 191,537.54
Gast. From Fixed Assets RD $ 307,939.82
Repair Expenses RD $ 131,700.23
Financial Expenses RD $ 1,825,418.84
Other Deductions Admitted RD $ 24,870.72
Total: RD $ 7,036,531.92
Depreciation:
Building RD $ 23,280,000.00 RD $ 1,164,000.00 5%
Machinery and Transportation Equipment RD $ 4,544,500.00 RD $ 681,675.00 15%
Office Furniture RD $ 2,500,000.00 RD $ 625,000.00 25%
Production cost equation and its graphic representation
Raw Material + Labor + CIF = Cost of production
Raw Material RD $ 7,446,200.00
Labor RD $ 2,998,300.00
CIF RD $ 5,670,000.00
Total: RD $ 16,114,500.00
7.5 Quarterly income and expenses
Income RD $ 3,992,572.25
Expenses RD $ 1,759,132.98
7.6 Variation in income and costs:
Income RD $ 16,500,000.00
Costs RD $ 14,200,000.00
7.7 Unit costs and their execution:
Contemporary furniture sets: RD $ 60,000.00
L-shaped furniture sets: RD $ 95,000.00
Rustic furniture sets: RD $ 135,000.00
Cabriole room games: RD $ 65,000.00
Dining room sets: RD $ 35,000.00
Room games: RD $ 42,000.00
Modular kitchens: RD $ 120,000.00
7.8 Variation point graph
Mueblería Díaz, SA
Puerto Plata - Luieron highway, next to Fun City
TEL: (809) ______________________________
First year 5th year
Assets
Circulates:
Cash in Cash and Bank
453,410.74
498,410.74
Accounts Receivable
984,248.80
1,029,248.80
Inventory of merchendise
3,250,000.00
3,295,000.00
Total Current Assets
4,687,659.54
4,732,659.54
Property, Plant and Equipment: A - 1
Land
50,000,000.00
50,045,000.00
Buildings
23,280,000.00
23,325,000.00
Office Furniture and Equipment
2,500,000.00
2,545,000.00
Transportation equipment
4,544,500.00
4,589,500.00
Machinery tools and others
3,600,114.10
3,645,114.10
Dep. Accum. Buildings
(1,164,000.00)
(1,119,000.00)
Dep. Accum. Furniture and Equipment
(681,675.00)
(636,675.00)
Dep. Accum. Transportation equipment
(625,000.00)
(580,000.00)
Total Property, Plant, and Equipment
81,453,939.10
81,498,939.10
Other assets:
Deposits and finance
53,960.00
98,960.00
Total other Assets
53,960.00
98,960.00
Total Assets
86,195,558.64
86,240,558.64
LIABILITIES AND EQUITY
Passives
Short term:
Accounts Payable to Suppliers
3,545,208.07
3,590,208.07
Total Short-Term Liabilities
3,545,208.07
3,590,208.07
Capital:
Subscribed and paid capital
20,708,100.00
20,753,100.00
Acumulated utilities
20,433,794.51
20,478,794.51
Legal reserves
1,409,018.05
1,454,018.05
Profit for the year
4,660,620.31
4,705,620.31
Revaluation surplus
4,231,760.00
4,276,760.00
Total Capital
51,443,292.87
51,488,292.87
Total liabilities and capital
54,988,500.94
55,033,500.94
Mueblería Díaz, SA
Puerto Plata - Luieron highway, next to Fun City
TEL: (809) ______________________________
INCOME STATEMENT FOR THE PERIOD COVERED
As of 12/31/2010 and its 5-year projection
(Values in Dominican pesos)
First year 5th. Year
INCOME 344,048,351.00 344,093,351.00
Sales 344,048,351.00 344,093,351.00
Costs of sale
Starting inventory 27,578,946.00 27,623,946.00
More Purchases 313,180,087.07 313,225,087.07
Available for Sale 340,759,033.07 340,804,033.07
Ending Inventory 40,126,782.60 40,171,782.60
Cost of Items Sold 300,632,250.47 300,677,250.47
Gross Profit 43,416,100.53 43,461,100.53
Operating Expenses 11,148,076.65 11,193,076.65
Miscellaneous Expenses 7,148,076.65 7,193,076.65
Earnings Before Bonus 25,119,947.23 25,164,947.23
Bonus 10% 726,802.39 771,802.39
Income Before taxes 24,393,144.84 24,438,144.84
IRS 25% 6,098,286.21 6,143,286.21
Fiscal Year Income 18,294,858.63 18,339,858.63
Legal Reserve 245,295.81 290,295.81
CAPITALIZABLE EARNINGS 18,049,562.82 18,094,562.82
conclusion
With this research I have obtained very positive results; the knowledge acquired has been innumerable. Within these I have achieved a base with finished knowledge about the productive operation of the company and I have become familiar with the production strategies.
As we have seen, the entire production process from raw material to finished product must be carefully controlled by the quality control department.
The introduction of a company like this in the industrial market comes to fill the lack of offers in this type of product.
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