TY  - BOOK
AU  - Flores, Lemuel C.
AU  - 
ED  - 
ED  - 
ED  - 
ED  - 
SN  - 2
PY  - 2015///.46
CY  - 
PB  - 
KW  - 
KW  - 2
KW  - 0
KW  - 6
KW  - 20
N1  - Financial Plan: (BSBA major in Finance and Treasury Management) -  Pamantasan ng Lungsod ng Maynila, 2015; 5
N2  - EXECUTIVE SUMMARY:  	Harbor Star Shipping Services, Inc., a provider of shipping services in the Philippines. The Company is primarily engaged in ocean towage, commerce and navigation in the carriage of goods and passengers by water upon the oceans, seas, sounds, lakes, rivers, canals, bays, harbors, and other waterways between the various ports of the Philippines and between such ports and other ports in the world. In which the company providing services to approximately 5,113 ship calls as of yearend 2013.  	Year on year Harbor Star Shipping Services Inc. had net income fall 26.61% from 147.81 million to 108.48 million despite an 11.33% increase in revenues from 807.26 million to 898.70 million. An increase in the cost of goods sold as a percentage of sales from 51.69% to 64.23% was a component in the falling net income despite rising revenues.  	In 2013, its cash reserves increased by 35.06%, or 18.05 million. Cash Flow from financing totalled 245.14 million or 27.28% of revenues. In addition the company generated 215.37 million in cash from operations while cash used for investing totalled 442.51 million. Harbor Star Shipping Services Inc. has a debt to total capital ratio of 24.67%.  	Harbor Star Shipping Services Inc. is suffering from working capital problem. The firm's current asset is insufficiently sustaining its current liabilities. The company is also having difficulty in collecting their receivables. Lastly, the company focuses more on its profitability by maintaining a low level of current assets and a high portion of current liabilities which results in a low or conceivably negative level of net working capital.   	After analysing the facts and data gathered from Harbor Star Shipping Service Incorporated, the proponents recommended that the company should implement revolving credit line against receivables.  	The implemented revolving credit line converted the receivables into cash lowering the accounts receivables which raised the value of accounts receivable turnover. Also short term liabilities decreased by increasing the cash cash on hand through the loans. Lastly, the current portion of interest bearing loans and borrowings became fully paid in years 2017, 2018, and 2019
ER  -