UNIVERSITI TEKNOLOGI MARA SHAH ALAM,

FACULTY OF MECHANICAL ENGINEERING.

EM220
TECHNOLOGY ENTREPRENEURSHIP (ENT 600)

TASK 3: BLUEPRINT

TO:

Prof. Dr. Zarina Salleh

PREPARED BY:

NO NAME NO. MATRIX

1. Muhammad Fahim Akmal 2016596173

2. Mohd Amiruddin Ishak 2016317647
3. Muhammad Syahmi Amir 2016586311
4. Ahmad Amiruddin Lokhman 2016596157
5. Izwan Mu’adzam Muhammad 2016566077

DATE OF SUBMISSION:
28th MAY 2019
Contents
1.0 Executive Summary.......................................................................................................................2
2.0 Product Description.......................................................................................................................4
2.1 The product to be produced.....................................................................................................4
2.2 The application of the product..................................................................................................5
2.3 The unique features of the product..........................................................................................5
2.4 The development flow process..................................................................................................5
2.5 The pattern features of the product..........................................................................................7
2.6 The expansion of the product line.............................................................................................8
3.0 Technology Description.................................................................................................................9
4.0 MARKET RESEARCH ANALYSIS.........................................................................................11
4.1 Customers........................................................................................................................................11
4.2 Market Size and Trends...................................................................................................................11
4.3 Estimated Market Sales...................................................................................................................12
5.0 Management Team......................................................................................................................15
5.1 Organizational Chart........................................................................................................................15
5.2 Key Management Personnel............................................................................................................16
5.3 Management Compensation and Ownership....................................................................................19
5.4 Supporting Professional Advisors and Services...............................................................................19
6.0 Financial Estimates......................................................................................................................20
6.1 Start-up Cost....................................................................................................................................20
6.2 Working Capital..............................................................................................................................21
6.3 Start-up Capital and Financing........................................................................................................23
6.4 Cash Flow Statement.......................................................................................................................25
6.5 Income Statement............................................................................................................................27
6.6 Balance Sheet..................................................................................................................................29
7.0 Project Milestone.........................................................................................................................31
8.0 Conclusion....................................................................................................................................33
9.0 Appendices...................................................................................................................................34
 1.0 Executive Summary

Our project, Portable Smart Trolley is a new development product which is use a mechanism of pure
mechanical that use to lift heavy object. This product is a new type of product for lifting heavy object
from one point to another point have a problem such as need a more manpower to lift the object or having
a hard time to lift the object when descend or ascend the stairs while maintaining stability in the lifting
process. For product, our target market for the company that need a less manpower to lift some heavy
equipment, by using our product, the efficiency and productivity of the company will be increased.
Furthermore, this business has been agreed by all the partners. Nature of this business is form of
partnership in which all the partners have contributed equal amount of capital as agreed in our agreement.

The management team involving by five partners and they are the General Manager, Administration
Manager, Marketing Manager, Operational Manager and Financial Manager. Each of the executive have
their own strength and specialty.

The General Manager is a person with great vision that looks for every available opportunity of
business and thinks outside of the box by being innovative and creative. He is one of the persons who
comes up with the idea of establishing this company.

The Administration Manager is one who investigates the process of management to ensure that the
company can run systematically and efficiently. He also has an excellent communication skill in order to
face the pressure from management team.

Next, is the Marketing Manager who holds the key on attracting and influencing our customers with
his great communication and analytical skills. He is a person who is very efficient and effective in
performing the organization’s entire marketing activities. Analysis market trends with an aim of
identifying unexploited services one of his specialty.

Our Operation Manager has excellent planning skills. He can break the parts of ideas and put them
into a plan smoothly. He has great creativity in coming up with new strategies and ideas and able to solve
the problem with lies based on common sense.

Lastly is our Financial Manager being a very detail oriented and has very excellent math skills to
ensure the accuracy of our financial reports. He has the skills of forecasting the profit to avoid losses and
at the sometime giving advice to the managers on how to manage the money more efficiently.

The management team will be led by the General Manager and the other manager will help in other
process. The general manager is responsible in controlling, leading, organizing as well as plan the entire
business. The administrative manager will responsible in doing for all jobs relating to office
administration. The marketing manager will responsible in preparing the marketing process which
includes the process of identifying the target market, determining the market size, identifying the
competitors, determining the market share, developing the sales forecast and marketing strategies.

The operation of our business is controlled and monitored by the operation manager. This is where
quality control and productivity will take place in order to improve the efficiency of the workers. Finally,
the financial manager will handle financial matters such as preparing for the budgets and financial
statement for each department. All the financial statement needs to be taken care properly by our Finance
manager.
2.0 Product Description

2.1 The product to be produced

Figure: Portable Smart trolley

Our product is an invention and modified of existing technology on developing a

new tool to ease the moving good not only at the smooth surface but also at the stair. Our
product, Portable Smart Trolley, is a solution from the problems that we have discovered
during the preliminary stage of making This tool during a case study from IAS Energy
Sdn. Bhd. The main objective of Portable Smart Trolley is to ensure the goods or heavy
equipment can be moving by a minimal worker without burdening them. As there is the
existence of the same product in the market, the modification is needed to improve the
functionality. The main idea is to develop this system is by adding the motor to reduce
the working load.
2.2 The application of the product
The functioning of this system is to help workers moving goods or heavy
equipment from one place to another not on flat surface but at the bump and stairs also.
This tool equipped with triangle wheels that can be used as usual trolley at the flat surface
but become useful when it can be used at the stairs. The triangle wheels will work at the
stair by an act like climbing. Then the motor was added to the system to improve it. The
motors will help the workers a lot especially while climbing the stairs; it is because of it
quite impossible the workers can pull or push the trolley with the heavy load at the stair
even though with the triangle wheels. The motors will function just like hydraulic jack
during at the stair. The trolley will be equipped with the switch so the workers can run the
motor whenever they want, forward or backward, either they needed or not.

2.3 The unique features of the product

The unique features of our product are multifunction. The special design
triangular wheels will give this Portable Smart trolley capability to climbing and step up
any bump surface. For the ease of the operations, this system will be equipped with motor
to improve the triangular wheel functionality.

2.4 The development flow process

To create a new thing to introduce to the market, the research is done to know
what the potential is for develop this product. About two months that has spent to develop
the device with all technology included fully.
 Figure: Front views
Figure: Triangular wheels

Figure: Front views Figure: Frame

 Figure: Project Drafting

2.5 The pattern features of the product

After some discussion and investigation, we have decided to make our invention
beneficial to the end user; the tool must be the friendly user and this tools then equipped
with a motor to help reduce the workload, and the user can control this feature according
to their suitability. The Portable smart trolley will be designed ergonomically, and any
size of people can use adjustable than

The primary material to be used for the Portable smart trolley is steel. The
stainless-steel material will be used at the frames or body. The handles will be equipped
with rubber materials to make them comfortable. This tools also will installed with a
harness to increase safety. All the jointing is welded together, and they are a few places
with nuts and bolts. The other kind of material is the paint of the external surface of the
trolley. There are two types of paint will be used. The types of paints are the primer coat,
as for the first layer and the weather resistance type of paint for the outer layer of the
trolley.
2.6 The expansion of the product line
We have done some research on the opportunity or futures of this product. The
Portable Smart Trolley can use in many places such as groceries, school, university and
store. So, from this statement, we can reach higher sales. For further study, we are hoping
to improvise our system, for example, changing from semi-auto to fully automatic system
which can detect any surface.
3.0 Technology Description
The technology of Portable Smart Trolley is like a usual trolley to move goods but
equipped with unique features that make it multifunctional and useful. The idea is a reducing
burden among works during lifting heavy equipment, which may need two or more people. This
will be a problem when the workers need to carry the equipment upstairs. This condition
becomes more crucial if there is no elevator there. The main reason why the main shape of
Portable smart trolley is following the shape of the usual trolley because it’s remained functional
like usual, but there is an improvement that the conventional cart doesn’t have.

Materials used for the frame are alloy steel. Alloy steel consists of manganese, silicon,
nickel, titanium, copper, chromium, and aluminium. Alloy steel has an excellent tensile strength
which can withstand a high amount of force. Bolt and nut used are made of steel. It can sustain
the physical strength applied perpendicular to the direction of bolt. Sheet metal used also are
made of steel. Lastly, the bearing is made of chrome steel bearing components have a high
strength to resist cracking and a hard surface to resist subsurface rolling contact fatigue.

Lastly, painting technology, two layers of paints were chosen to provide extra protection
to the trolley. The weather resistance type of outer layer will resist any corrosion from the
exposed water condition. Also, we decided to paint the SRT in black colour as extra protection
from theft. The black colour will give a camouflage appearance to the SRT because the priorities
of the function and the protection come first compared to the presentation.

Portable Smart Trolley design and features criteria:

i. Performance & special feature.

 Can be used to move goods at the stair and flat surface.

 They are equipped with a motor that can move forward and backwards.

 Reduce human workload.

 Easy to maintenance.

 Reduce the number of workers.

  Easy to assemble

ii. Material

 Steel square bar and rod bar.

 Rubber for handle

General Specification
Weight 50kg
Height 1170mm
Width 605mm
Length 300mm
Max Payload 200 kg
Material  Steel Square bar
 Steel rod
 Rubber

Motor 250watt DC motors

Battery 12 V

Table: Product general specification

 4.0 MARKET RESEARCH ANALYSIS

4.1 Customers
The Portable Smart Trolley can be marketable for use in lifting a heavy object in difficult
situation. The target market or customer for this product is primarily for the people who live in
apartment, flat, or any high building. With the design and features of the product, the target
customer can use the product for the daily life. The product also can be used for the entrepreneur
who run a business which required to lift a heavy object to their customers such delivery of
cooking gas or furniture. Our secondary customer is everyone who is interested to have the
products except who have been mentioned before. There are some people who wants to own the
products for personal purposes like carry their things after shopping at the market and many
more with this new product, it will ease the customer’s daily tasks to reduce our customer
burden. At the early stage, the product will be promoted in Shah Alam because it easy to reach
the customer because as a newly born company which located in Shah Alam, it is more efficient
if it started from a near place before it spread to another place. After we raise some capital, the
product will be promoted throughout Malaysia.

4.2 Market Size and Trends

At the early stage, the targeted sales are 100 units to be sold in a month. The targeted area
will be in Shah Alam, Selangor where there are many potential customers that have been
identified.

In term of market size, the estimated amount of sales per month is 100 units. So, for the
market size, the calculation is shown below.

Population in Shah Alam (2018) –worldpopulationreview.com = 481,654

Assuming that 25% of them are stay at the apartment/flat/any = 25% x 481,654

= 120,414

Assuming that 5% of them are interested in our product = 6,021 peoples

Average price of trolley = RM 1,200.00

Market Size = 6,021 x RM 1,200.00

= RM 7,224,840.00 /year

4.3 Estimated Market Sales

A market forecast is a core component of a market analysis. It projects the future numbers,
characteristics, and trends in target market. A standard analysis shows the projected number of
potential customers divided into segments. This example of a simple market forecast defines
potential customers by years, for 3 years.

The estimated market sale for our company is shown in table 4.3.

Total Market Size = RM 7,224,840.00 /year

2019 2020 2021

Increment (%) 0 5 36
Total Sales in Unit 1425 1496 2355
Total Sales in RM RM 143,175.00 RM 267,030.00 RM 430,100.00
Table 4.3: Estimate Market Sale
4.5 MARKETING STRATEGIES

What makes our company different from the others? Well, we have carefully planned our
marketing strategies and come up with four market strategies which are:

a. Price Strategy
b. Sales Strategy
c. Distribution Strategy
d. Promotion Strategy
e. Advertising Strategy
f. Service and Warranty Strategies
A. Pricing Strategy
As for the pricing strategy, the price would be affordable for a target market. We make sure
the price is in consistent in value for money policies. It means that the price given exactly
the product worth about. Besides that, the price of the product also includes the installation
cost and warranty to the customers as a strategy.
The price would be RM 1,200.00, but at the price statement would show RM 1,199.90 to
attract potential customers.

B. Sales Strategy
As for the sales strategies, we will be hired a sales representative who are expert in doing it.
Each of the product sold will give them some profit, this to ensure that the sales
representatives are doing their best to sell the product to the customers. Besides that, we
will be conducting out own sales force to talk with the potential customers about the product
personally.

C. Distributing Strategies
For the distributing strategies, there will be 3 party involve in the process. They are reseller,
whole seller and retailers. This to ensure that the customer have choices on where to obtain
our product. They can choose where to buy it depending on amount of product they needed
to buy.
D. Promotion Strategy
For the promotion strategies, we will give 10 % discount for those 10 early buyers of the
product when the products were 1st released. This is to attract the attention of the buyers to
buy the product early to gain advantage. As for the buyers who would buy in bulk, they will
gain 15 % discount for buying product amount to more than 5 products in one time.

E. Advertising Strategies
We will give flyers and business card to the target market for our advertisement of our
product.
Besides that, we will be handling our own website on www.smarttrolley.com.my where all of
the information required is provided on the website.

F. Service and Warranty Strategy

A warranty of 1 year will be given to the customers if the faults are not from the customers.
Then, the 1st maintenance cost will be provided freely after purchase. Besides that, delivery
cost also will be neglected.
 5.0 Management Team
5.1 Organizational Chart

President

Administration
Manager Marketing Manager Operational Manager Financial Manager

Key Management Roles Name

President Ahmad Amiruddin bin Lokhman
Administration Manager Izwan Mu’adzam Muhammad bin Mohd Kamil
Marketing Manager Muhammad Fahim Akmal bin Abdul Halim
Operational Manager Mohd Amiruddin bin Ishak
Financial Manager Muhammad Syahmi Amir bin Rosli
5.2 Key Management Personnel
Name & Position
President
Ahmad Amiruddin bin
Lokhman
Administration Manager Izwan
Mu’adzam Muhammad bin
Mohd Kamil
Marketing Manager
Muhammad Fahim Akmal bin
Abdul Halim
Operational Manager
Mohd Amiruddin bin Ishak
Financial Manager
Muhammad Syahmi Amir bin
Rosli
Duties and Responsibilities each of the position in the companies
Career Highlight
 Diploma in Business Management
 Bachelor’s in business management
 Working experience:
o As a Vice President at Arena Rozzaq Sdn. Bhd.
for 5 years.
 Diploma in Business Management
 Bachelor’s in business management
 Working experience:
o As an administer manager at San Imaging
Solution Sdn. Bhd. for 5 years.
 Diploma in Business Management
 Bachelor’s in marketing
 Working experience:
o As a marketing manager at YSA Sdn. Bhd. for 5
years.
 Diploma in Office Management
 Bachelor’s in mechanical engineering
 Working experience:
o As an operational manager at Inter System
Maintenance Services Sdn. Bhd. for 7 years.
 Diploma in Accountancy
 Bachelor’s in finance
 Working experience:
o As a financial manager at Shapadu Group Sdn.
Bhd. for 5 years.
 Position Duties and responsibilities
 Responsible for managing profit and loss of company's income
statement.
 Responsible for effective planning, delegating, coordinating,
staffing, organizing, and decision making to attain desirable profit-
making results for an organization.
President  As a leader in all organization and able to read and analyse a
great deal of information in a short time.
 Monitor and track the performance and achievements of the
employees
 Actively participate in the feedback session and performance
evaluation of the employees.
 Gathering, adapting, storing and distributing information within the
company.
 Providing training and development to the staff.
 Meeting with other members of management and planning for the
Administration
future.
manager
 Providing document and telecommunication management.
 Planning, organising, providing leadership and controlling all
administrative functions.
 Responsibility for the overall work performance of a company.
 Developing the marketing strategy and plan
 Managing budgets
 Carrying out of Marketing research
Marketing
 Develop marketing strategies and plan
manager
 Capturing marketing insights
 Connecting with customers
 Shaping the market offerings

Operation  Make sure all equipment used have ability to produce a good
manager service
 Regulate the quality assurance personnel to ensure that the goods
meet an acceptable standard and generate positive feedback from
clients.
 Need to ensure the quality of equipment is procured within the
 budget.
 Need determine the types of equipment needed to fulfill the
organizational quality policy.
 Make sure their records are accurate, and that their taxes are paid
properly and on time.
 Need to prepare financial reports, direct investment activities, and
Financial
implement cash management strategies.
Manager
 Should maximizing shareholder
 Able to make decision making and investment making process.
 Help to set spending limit and monitor cost in operating activities.
5.3 Management Compensation and Ownership
Name & Position Monthly Salary Share of Ownership Amount of Equity
Invested
Amiruddin Lokhman
RM 3,500.00 20% RM 35,000.00
President
Izwan Mu’adzam
RM 3,500.00 20% RM 35,000.00
Administration Manager
Fahim Akmal
RM 3,500.00 20% RM 35,000.00
Marketing Manager
Amiruddin Ishak
RM 3,500.00 20% RM 35,000.00
Operational Manager
Syahmi Amir
RM 3,500.00 20% RM 35,000.00
Financial Manager

5.4 Supporting Professional Advisors and Services

Name of Professional Advisors Service Provided
Emas Pilihan Enterprise Financial consultant
Shazu Engineering Sdn Bhd Engineering consultant
Surloft Sdn Bhd Marketing consultant
 6.0 Financial Estimates

For the financial estimation, there are several elements that need to include such as start-up cost,
working capital, start-up capital and financing, cash flow statement, income statement and lastly
balance sheet. All of the detail about our financing are as below.

Types of Fixed Assets Estimated Cost (RM) Estimated Economic Life

(years)
Administrative/Organisation    
Land & Building 10,000  
Office Equipment 7,000 5
Furniture and fittings 5,000 5
Renovation 6,000 5
Vehicles 40,000 5
Sales/Marketing  
Delivery Expenses 3,500 5
Advertising 1,000 5
Computer and projector 10,000 5
    5
Operations/Technical  
Machines 10,000 5
Equipment 5,000 5
    5
    5
Total 97,500  
6.1 Start-up Cost

Start-up cost is the cost that need to set up before start a business. The cost is usually spending
on advertising and promotion, employee expenses, insurance, license and permit fee and many
more. For our project, we can see from the above table that we spend our expenses on
administrative, sales and marketing, and lastly for operations. The estimation total cost for our
start-up is around RM 97,500.00.
6.2 Working Capital
Pre-Operating & Incorporation Costs (one-off) RM
Development Cost 5,000
Business Incorporation Costs 1,000
Deposit (rent, utilities, etc.) 8,000
Other Pre-operating & Incorporation costs 1,000
Sales & Marketing Costs (monthly)  
Salaries+EPF+SOCSO 8,000
Flyers 300
Banners 200
Online Website and Advertisements 150
   
   
   
 
General & Administrative Costs (monthly)
Salaries+EPF+SOCSO 8,000
Rental 2,500
Utilities 500
Office supplies 300
   
   
   
   
Operations & Technical Costs (monthly)

Purchase of Raw Materials/Goods

40,000
Carriage Inwards
10,000
Salaries, Wages, EPF & SOCSO 8,000
Machine Maintenance 1,000
Water 500
Electricity 2,000
   
   
Other Expenditure (annually)
   
 
   
Total Pre-Operations & Working Capital Expenditure
96,450

Annual Increase in Working Capital (if any)

 Year 2 5%
Year 3 5%
Year 4 5%
Year 5 5%

Tax Rates  
Year 1 25%
Year 2 25%
Year 3 25%
Year 4 25%
Year 5 25%

Working capital is represents the amount of initial expenditure required to finance daily
operation. For our working capital, total pre-operation and working expenditure is RM 96,450.
The cost including pre operation, sales and marketing cost, administrative cost and technical
cost.
6.3 Start-up Capital and Financing
Own Contributions
Hire-
Capital Expenditure Cost Existing F. Loan
Purchase
Cash Assets
Land & Building 17,000
17,000
Office Equipment 10,000
10,000
Furniture and fittings 5,000
5,000
Renovation 10,000
10,000
Vehicles 40,000
40,000
Delivery Expenses 3,500
3,500
Advertising 1,000
1,000
Computer and projector 10,000
10,000
   
-
Machines 50,000
50,000
Equipment 20,000
20,000
   
-
   
-
Working Capital      
Sales & Marketing Costs 1
14,560
(monthly) 4,560  
General & Administrative Costs
33,620
(monthly) 33,620  
Operations & Technical Costs
311,410
(monthly) 311,410  
Pre-Operating & Incorporation
24,000
Costs (one-off) 24,000  
Other Expenditure (annually)  
-  
Provision for Contingencies  
-  
TOTAL 550,090 443,090   107,000  

Proposed Terms of Loan (if required) Proposed Terms of Hire-Purchase (if

required)
Interest rate 5% Interest rate 5%
Loan tenure (years) 10 Tenure (years) 5
For start-up capital and financing, we need the total cost for cash and loan are RM 550, 090. We
get loan from bank to cover expenses. We get loan RM 107, 000 with interest rate 5% per year.
Our own contributions from cash are RM 443, 090 to use a lot of expenditure to start-up the
business
6.4 Cash Flow Statement
 Total Cash
Inflows Total Cash Ending
SUMMARY Outflows Balance

  2019 1,903,950 1,341,442 562,508

  2020 1,795,500 1,292,154 1,065,854
  2021 2,826,375 1,591,963 2,300,266
  2022 2,967,690 1,671,487 3,596,469
  2023 3,116,389 1,755,067 4,957,791

6,000,000

5,000,000

4,000,000

3,000,000

2,000,000

1,000,000

0
1 2 3 4 5

Our cash flow statement details on the Annual Cash Balance graph and shows increasing for 5
years from 2019 to 2023. Our ending balance that we plan until 2023 is RM 4, 957, 791 and can
increase for the next year.
 6.5 Income Statement

Years 2019 2020 2021 2022 2023

Sales 1,710,000 1,795,500 2,826,375 2,967,690 3,116,389
Less: Cost of Sales (Notes 1 & 2) 830,996 872,395 915,864 961,506 1,009,431
Gross Profit 879,004 923,105 1,910,511 2,006,184 2,106,958
           
Less: Expenditure          
Pre-Operating & Incorporation Expenditure 7,000        
General & Administrative Expenditure 135,600 142,380 149,499 156,974 164,823
Sales & Marketing Expenditure 103,800 108,990 114,440 120,161 126,170

Other Expenditure          
Interest on Hire-Purchase          
Interest on Loan 3,000 2,761 2,511 2,248 1,972
Depreciation of Fixed Assets 14,500 14,500 14,500 14,500 14,500
Total Expenditure Note 1    
263,900   268,631    
280,950  293,884 307,464
Net Income Before Tax Cost of Sales  
615,104   654,474    
1,629,561  
1,712,300 1,799,494
Opening Inventory of
Tax Finished Goods   153,776 0 163,618
  407,390
    428,075   449,874
Net Income After Tax Add: Total Production Cost 461,328 872,39
490,855 915,86
1,222,171 1,284,225 1,349,621
(Note 2) 830,996 5 4 961,506 1,009,431
Accumulated Net Income 461,328 952,183 2,174,354 3,458,579 4,808,200
0
Less: Ending Inventory          
872,39 915,86
        830,996 5 4 961,506 1,009,431
                 
Note 2    
Raw Materials          
Opening Inventory 0        
Add: Current Year 598,49 628,41
569,996 659,839 692,830
Purchases 5 9
126,00 132,30
Add: Carriage Inwards 120,000 138,915 145,861
0 0
Less: Ending Inventory          
724,49 760,71
Raw Materials Used 689,996 798,754 838,691
5 9
Total Expenditure
                 
SUMMARY Total Sales Net Income
Labour          
Salaries, Wages, EPF & 100,80 105,84
96,000 111,132 116,689
SOCSO 0 0
2019 1,710,000 263,900 461,328
                 
2020 1,795,500 654,474 490,855
Factory Overhead          
2021 Depreciation of Fixed assets
2,826,375 1,629,561 1,222,171
3,000 3,000 3,000 3,000 3,000
2022 (Operations) 2,967,690 1,712,300 1,284,225
Machine Maintenance 12,000 12,600 13,230 13,892 14,586
2023 3,116,389 1,799,494 1,349,621
Water     6,000 6,300 6,615 6,946 7,293
Electricit
  24,000 25,200 26,460 27,783 29,172
y
                 
                 
Total Factory Overhead 45,000 47,100 49,305 51,620 54,051
                 
872,39 915,86
Total Production Cost 830,996 961,506 1,009,431
5 4
                 
6.6 Balance Sheet

      2019 2020 2021 2022 2023

ASSETS
               
Non-Current Assets (Book
   
Value)    
Land & Building 10,000 10,000 10,000 10,000 10,000
70,0 52,5 35,0 17,5
Other Fixed Assets -
00 00 00 00
Other Assets            
Deposit 8,000 8,000 8,000 8,000 8,000
      88,000 70,500 53,000 35,500 18,000
Current Assets            
Inventory of Raw Materials            
Inventory of Finished
Goods            
Accounts Receivable          
Cash Balance 562,508 1,065,854 2,300,266 3,596,469 4,957,791
      562,508 1,065,854 2,300,266 3,596,469 4,957,791
               
TOTAL ASSETS 650,508 1,136,354 2,353,266 3,631,969 4,975,791
               
Owners' Equity            
Capital   133,950 133,950 133,950 133,950 133,950
Accumulated Income   461,328 952,183 2,174,354 3,458,579 4,808,200
      595,278 1,086,133 2,308,304 3,592,529 4,942,150
Long-Term Liabilities            
39,4 33,6
Loan Balance   55,230 50,221 44,962
40 41
Hire-Purchase Balance            
44,9 39,4 33,6
      55,230 50,221
62 40 41
Current Liabilities            
Accounts Payable            
               
TOTAL EQUITY &
650,508 1,136,354 2,353,266 3,631,969 4,975,791
LIABILITIES

Total Total
SUMMARY Total Equity
Assets Liabilities

2019 650,508 55,230 595,278

2020 1,136,354 50,221 1,086,133

2021 2,353,266 44,962 2,308,304

2022 3,631,969 39,440 3,592,529

2023 4,975,791 33,641 4,942,150

A balance sheet is a statement of the financial position of a business which states the assets,
liabilities and owner's equity at a particular point in time. In other words, the balance sheet
illustrates the business's net worth. As we can see from the table, our total assets in 2019 is RM
650, 508 and in 2023, the amount increase to RM 4, 975, 971

7.0 Project Milestone

 Activities Deadlines Durations

Incorporation of the venture March 2019 4 weeks

Completion of design and April 2019 4 weeks

development
Completion of prototype May 2019 4 weeks

Obtaining Sales June 2019 2 weeks

Representatives

Signing of Distributor and June 2019 2 weeks

Dealer

Ordering of Materials July 2019 4 weeks

Starting of Production and August 2019 4 weeks

Operation

Receipts of First Order September 2019 2 weeks

Delivery of First Sales September 2019 2 weeks

 Description March 2019 April May June 2019 July August September 2019
2019 2019 2019 2019
Incorporation of the venture

Completion of design and development

Completion of prototype

Obtaining Sales Representatives

Signing of Distributor and Dealer

Ordering of Materials

Starting of Production and Operation

Receipts of First Order

Delivery of First Sale Sales

 8.0 Conclusion

In conclusion, to sustain the business in the future, further research and development will be done in order
to follow the trend and fulfil customer’s demand. This is because customer’s trend and demand change
from time to time. The profit gained from the business will be used to do this future research and
development.

Other than future research and development, new design of the product also will be produced to
fulfil the customers’ needs. The product that we introduced is a very sustainable product which it is a very
work efficient which it delivers output of manpower in an easier way, by means, easy handling and less
workforce.

Furthermore, the product is a long-term cost saving as it reduces the numbers of workers needed
for the maintenance works. The lifting work of the trapper can also be done by anyone as it has air
suspension lifting system. Therefore, amount of money which originally used to pay the salary of workers
for the cleaning process can be reduced from time to time.
9.0 Appendices