TY  - BOOK
AU  - Ang, Rollie C., Aspilla Jr. Roder A. Dy, Armand D. Llaga, Ruddy P. Lim, Kristian F. Mendoza, Ernest T. Ocampo, Rami G. Omlang, April Rose Ann L. Resurrecion, Geneva L. Sacapano, Maria Esperanza
TI  - Solelytire 
U1  - . 
PY  - 2010///
CY  - Manila
PB  - PLM, 
KW  - academic writing
N1  - EXECUTIVE SUMMARY: TYPE OF BUSINESS By the contract of the partnership, two or more persons bind themselves to contribute money, property, or industry to a common fund with the intention of dividing the profit among themselves. The firm is a partnership type of business. SOLELYTIRE will start its operation at #265 Tomas Mapua corner Laguna Street, Sta. Cruz, Manila where the company will be placed having an office, production area and two storage rooms for supplies and finished products. As a result of the operations, the management is planning to have different client wherein the firm will supply soles to them. It will offer high quality products at a reasonable and affordable proce to its clients. SOLELYTIRE is concerned with the welfare, economic, social and environmental conditions of the country. COMPANY SUMMARY Management –The management team of the SOLELYTIRE shall be comprised of the partners of the business that include: a general manager, production manager, accountant and two agents. Mr. Ernest T. Mendoza, the general manager of the business, shall be responsible for the overall operations of the firm especially in sales and order. He is also responsible in monitoring the employees and making sure that they are doing their work well, and checking approximately every cash transactions in the business. The production manager is responsible for the smooth and quality production of the company, and checking the supplies of tires and stock of sole in the warehouse. The Accountant shall journalize and post to the General Ledger all transactions. He must keep the book of accounts and prepare the financial statements. The two agents are responsible to selling the products and getting the order of the companies or customers. Harmonious relationships between the management and its employees and workers shall be ensured since there will be transparency in supervision. Along with this, the set of rules, regulations and policies will be enforced consequently. COLLATERAL SOLELYTIRE will be put up by the partners, each contributing the amount of 1 million pesos or property equal to 1 million pesos, there would be no collateral since the whole amount will be covered by partner’s cash contribution. USE OF PROCEEDS The capital assumption of SOLELYTIRE will be 3 million pesos. This amount will cover the expenses on operation, acquisition of equipments, supplies, furniture and fixtures, advertising and promotion, utilities and salaries of employees. PRODUCT AND SERVICE COMPETITION SOLELYTIRE will offer product that are of best quality. It supplies quality sole to the companies or customers for their convenience for being in a competitive price to be able to compete to other establish business in Manila. The business will purchase its needed raw materials which is the tires available at Blumentritt where different suppliers of tire are located examples are the Car Repair Shops and Automobile Shops. Aside from the sole, the business will also offer quality service through distribution of product to the customers. Proper approach to the customers is part of the company’s objective. Direct competitors will be 168 Footwear Supply, Hi-Q Manila and Poctiv Footwear Supply. Indirect competitors are different shoe supply stores in Divisoria, Recto, Baclaran and Monumento. FUND REQUESTED The total contributed capital of the partner’s amount to Php3,000,000.00. This will cover up all the expenses, acquisition of equipments and facilities and purchasing of the raw material needed for the business operation. The property contributed by the other partner will be allotted for the space where the SOLELYTIRE will establish. EXIT The company plans to introduce its product outside Metro Manila and to create branch for its office, plant and storage facility. The potential for exporting will also be considered. The company may explore the potential of creating its own shoe store and offer products which are made from recycled materials. The company will introduce its own line of footwear and it will market or expost it outside the country; 5; F
N2  - EXECUTIVE SUMMARY:  TYPE OF BUSINESS  	By the contract of the partnership, two or more persons bind themselves to contribute money, property, or industry to a common fund with the intention of dividing the profit among themselves.  	The firm is a partnership type of business. SOLELYTIRE will start its operation at #265 Tomas Mapua corner Laguna Street, Sta. Cruz, Manila where the company will be placed having an office, production area and two storage rooms for supplies and finished products. As a result of the operations, the management is planning to have different client wherein the firm will supply soles to them. It will offer high quality products at a reasonable and affordable proce to its clients.  	SOLELYTIRE is concerned with the welfare, economic, social and environmental conditions of the country.  COMPANY SUMMARY  Management -The management team of the SOLELYTIRE shall be comprised of the partners of the business that include: a general manager, production manager, accountant and two agents. Mr. Ernest T. Mendoza, the general manager of the business, shall be responsible for the overall operations of the firm especially in sales and order. He is also responsible in monitoring the employees and making sure that they are doing their work well, and checking approximately every cash transactions in the business. The production manager is responsible for the smooth and quality production of the company, and checking the supplies of tires and stock of sole in the warehouse. The Accountant shall journalize and post to the General Ledger all transactions. He must keep the book of accounts and prepare the financial statements. The two agents are responsible to selling the products and getting the order of the companies or customers. Harmonious relationships between the management and its employees and workers shall be ensured since there will be transparency in supervision. Along with this, the set of rules, regulations and policies will be enforced consequently.  COLLATERAL  SOLELYTIRE will be put up by the partners, each contributing the amount of 1 million pesos or property equal to 1 million pesos, there would be no collateral since the whole amount will be covered by partner's cash contribution.  USE OF PROCEEDS  	The capital assumption of SOLELYTIRE will be 3 million pesos. This amount will cover the expenses on operation, acquisition of equipments, supplies, furniture and fixtures, advertising and promotion, utilities and salaries of employees.  PRODUCT AND SERVICE COMPETITION  	SOLELYTIRE will offer product that are of best quality. It supplies quality sole to the companies or customers for their convenience for being in a competitive price to be able to compete to other establish business in Manila. The business will purchase its needed raw materials which is the tires available at Blumentritt where different suppliers of tire are located examples are the Car Repair Shops and Automobile Shops. Aside from the sole, the business will also offer quality service through distribution of product to the customers. Proper approach to the customers is part of the company's objective. Direct competitors will be 168 Footwear Supply, Hi-Q Manila and Poctiv Footwear Supply. Indirect competitors are different shoe supply stores in Divisoria, Recto, Baclaran and Monumento.  FUND REQUESTED  	The total contributed capital of the partner's amount to Php3,000,000.00. This will cover up all the expenses, acquisition of equipments and facilities and purchasing of the raw material needed for the business operation. The property contributed by the other partner will be allotted for the space where the SOLELYTIRE will establish.  EXIT  	The company plans to introduce its product outside Metro Manila and to create branch for its office, plant and storage facility. The potential for exporting will also be considered. The company may explore the potential of creating its own shoe store and offer products which are made from recycled materials.  	The company will introduce its own line of footwear and it will market or expost it outside the country
ER  -