A Five Year Financial plan for Firefly Electric and Lighting Corporation / Antonio, Carl Jason R., Valdemoro, Alyssa A., Beramida, Ulys Joy M., Fayen, Veronica Grace D., Cayao, Ceryl Eleazar A., Deuda, Paula Patricia A., Iglopas, Gabriel Paolo B., Patag, Luisito Jr. S., Roque, Bettina T. 6

Financial Plan: (BSBA major in Finance and Treasury Management) - Pamantasan ng Lungsod ng Maynila, 2015. 56

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EXECUTIVE SUMMARY: Firefly Electric & Lighting Corporation (FELCO) is a company engaged in the marketing and sales of different lighting and electrical products in the Philippines. It was established in 2001. The company provides cost-effective, quality solutions to customers with any kind of electrical and lighting requirements. It has expanded its product line over the years and now consists of different brand names such as Firefly, Royu, Sassin, and Firefly LED, FELCO aims to light up more by providing Filipinos with affordable and durable lighting solutions. According to the five year financial analysis of the proponents, the entity didn't generate enough profit. This is because of the large amount of costs and expenses incurred that resulted to a low net profit margin. In order for the entity to improve its financial performance and have a better position in the industry, the proponents recommend to implement a profit center who will be headed by a financial manager. The profit center is responsible of measuring the performance of the entity in terms of both income and costs and expenses, This enables the entity to pinpoint areas of weaknesses in the organization and determine whether the cost and expenses incurred are proportionate with the entity's income. From this, the relation between costs and expenses and income will be closely monitored. By implementing this profit center headed by a financial manager, the entity is expected to reduce its costs and expense by 5% and increase the its net income by 5% or more.

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