ENT300

FUNDAMENTALS OF ENTREPRENEURSHIP

BUSINESS PLAN

MISS GURLZ ENTERPRISE

PREPARED BY
NO. NAME UITM ID NO GROUP CODE
1. NURUL AIN SYAFIQAH BINTI SOBRI 2020873626 PHM1152E2
2. FIRRA AMIEDA PUTRI BINTI 2020874414 PHM1152E1
MUSTAPHA
3. AISYA AZUREEN BINTI MOHD YUSRI 2020860822 PHM1152E1
4. NUR ALYA WAFA BINTI MUSTAFFA 2020833434 PHM1152E1
5. NURUL DIANAH BINTI MUSTAFA 2020491472 PHM1152E1
KAMAL

PREPARED FOR
LECTURER’S : INTAN SYAFFINAZZILLA BINTI ZAINE
NAME
SEMESTER : MARCH – AUGUST 2021
SUBMISSION : 16 JULY 2021
DATE
TABLE OF CONTENTS PAGE NO.
EXECUTIVE SUMMARY

CHAPTER 1: AN INTRODUCTION OF THE BUSINESS VENTURE

1.0 BUSINESS PROFILE
1.1 PURPOSE OF BUSINESS PLAN
1.2 PARTNERS BACKGROUND
1.3 VISION AND MISSION
1.4 OBJECTIVES
1.5 PRODUCT DESCRIPTION

CHAPTER 2: MARKETING PLAN

2.0 MARKET AREA
2.1 TARGET MARKET
2.2 MARKET SIZE
2.3 MARKET SHARE
2.4 SALES FORECAST
2.5 MARKETING STRATEGY
2.6 MARKETING BUDGET

CHAPTER 3: OPERATION PLAN

3.0 PROCESS PLANNING
3.1 OPERATIONAL LAYOUT
3.2 MATERIAL PLANNING
3.3 MACHINE AND EQUIPMENT PLANNING
3.4 OVERHEADS REQUIREMENT
3.5 BUSINESS AND OPERATIONS HOURS
3.6 OPERATION BUDGET
3.7 IMPLEMENTATION SCHEDULE

CHAPTER 4: ADMINISTRATION PLAN

4.0 BUSINESS LOGO AND DESCRIPTION
4.1 ORGANIZATIONAL CHART
4.2 ADMINISTRATION PERSONNEL
4.3 LIST OF OFFICE EQUIPMENTS
4.4 LIST OF OFFICE FURNITURE AND FITTINGS
4.5 ADMINISTRATIVE BUDGET

CHAPTER 5: FINANCIAL PLAN

5.0 PROJECT IMPLEMENTATION COST
5.1 PROJECT IMPLEMENTATION COST & SOURCES OF FINANCE
5.2 COST OF RUNNING AN OPERATION
5.3 DEPRECIATION SCHEDULES IN MISS GURLZ ENTERPRISE
5.4 LOAN & HIRE-PURCHASE AMORTISATION SCHEDULES
5.5 CASH FLOW STATEMENT
5.6 PRODUCTION COST STATEMENT
5.7 INCOME STATEMENT
5.8 BALANCE SHEET STATEMENT
5.9 FINANCIAL PERFORMANCE TABLE
5.10 VISUAL PRESENTATION OF DATA

CONCLUSION
APPENDICES
PARTNERSHIP AGREEMENT
PROOF FOR PREMISE PRICE
RENTAL PREMISE LOCATION
BUSINESS MODEL CANVAS
CHAPTER 1: AN INTRODUCTION OF THE BUSINESS VENTURE

1.1 BUSINESS PROFILE

Business name MISS GURLZ ENTERPRISE

Business nature Manufacture

Business main activity Mango jam maker and seller

Business entity Partnership

Business opportunity Mango jam is a unique product that never been made from anyone
else before. In our mango jam, it contains 30% of ‘Lemak Manis’
mango, 30% of ‘Nam Dok Mai’ mango and 40% of water and sugar.
Business prospects To produce various types of flavors such as strawberry, grapes and
blueberry under MISS GURLZ ENTERPRISE.
Location Selangor Darul Ehsan

Business address Jalan Budiman 3/1, Taman Putra Budiman, Balakong 43200
Seri Kembangan, Selangor Darul Ehsan.
Business registration 17 January 2022
date
Business operation date 27 January 2022

Business email [email protected]

Business contact 018-9798261

number
Website/social media Instagram: @missgurlz
Facebook: @missgurlz
Twitter: @missgurlz
Shopee: @missgurlz

1.1 PURPOSE OF BUSINESS PLAN

1. To establish our plans in order to reach our goals. The business plan that we made
includes our goals which are to attract more Malaysian people to recognize about
the uniqueness of our jam and to reach our target sales which worth approximately
RM10,000. This will guide us to determine our business focus and pursue our
business growth in the future.

2. To understand our potential customer better by classifying the needs and wants of
our target market, which is the people among the age of 10-30 years old who like to
try something different and unique. From our research, people in that particular age
would likely to have their own social media accounts where they love to post about
the new things that they tried. This resulting in expansion of our followers since they
will put hashtags with our social media account in their post.
1.2 PARTNERS BACKGROUND

1.2.1 General Manager

1. Name Nurul Ain Shafiqah Binti Sobri

2. Identity card number 020320060378
3. Email [email protected]
4. Contact number 0189798261
5. Permanent address Blok D T02-U07 Presint 14, Jalan P14, 62050,
Putrajaya, W.P. Putrajaya
6. Marital status Single
7. Academic qualification Diploma in Culinary Arts
8. Course attended None

9. Working experience Teacher in kindergarten

10. Skills Communication with people
11. Capital contribution RM5,339.40

1.2.2 Marketing Manager

1 Name Nur Alya Wafa Binti Mustaffa
2 Identity card number 020604-01-0540
3 Email [email protected]
4 Contact number 011-55586277
5 Permanent address B-05-05, Sky Garden Residences, Jalan Setia
Tropika 1/21, Taman Setia Tropika, 81200 Johor
Bahru, Johor
6 Marital status Single
7 Academic qualification Diploma in Culinary Arts
8 Course attended None
9 Working experience Perfume consultant
10 Skills Communicating with customers
11 Capital contribution RM5,339.40

1.2.3 Operation Manager

1 Name Aisya Azureen Binti Mohd Yusri
2 Identity card number 021121-02-0896
3 Email [email protected]
4 Contact number 011-39944039
5 Permanent address Blok C-T.02 U.04, Parcel 15-12A,62050, Presint
15, W.P. Putrajaya
6 Marital status Single
7 Academic qualification Diploma in Culinary Arts
8 Course attended None

9 Working experience Handbag Promoter

10 Skills Leadership
11 Capital contribution RM5,339.40

1.2.4 Administrative Manager

1 Name Nurul Dianah binti Mustafa Kamal
2 Identity card number 020816-14-0638
3 Email [email protected]
4 Contact number 018-2463440
5 Permanent address No 19, Jalan Margosa 2, Taman Bukit Margosa,
70400 Seremban, Negeri Sembilan
6 Marital status Single
7 Academic qualification Diploma in Culinary Arts
8 Course attended None
9 Working experience Take orders at Pizza Hut
10 Skills Communicating with customers
11 Capital contribution RM5,339.40

1.2.5 Financial Manager

1 Name Firra Amieda Putri binti Mustapha
2 Identity card number 021006-05-0344
3 Email [email protected]
4 Contact number 011-60614305
5 Permanent address No. 437, Jalan Timur 2/7E, Timur @Enstek,
Bandar Enstek, 71760 Nilai, Negeri Sembilan.
6 Marital status Single
7 Academic qualification Diploma in Culinary Arts

8 Course attended None

9 Working experience Part time worker as a bartender

10 Skills Problem solving and detailed-oriented person
11 Capital contribution RM5,339.40

1.3 VISION AND MISION

Company Vision: To become more recognizable within Malaysian people with our own
products.

Company Mission: To present our products by using only high-quality ingredients and sell
it with a reasonable price.

1.4 OBJECTIVES

1. To reach the target sales each month in about RM450,000.

2. To measure our target sales by bringing more customers to buy our products.

3. To achieve the customer rate by 4.0 stars on Shopee by the end of every month.

4. To increase mango jam production by 5% during weekend on the second year and third year
of operation.

5. To give 5% bonus to our employees every time we reached our target sales every month to
boost their motivation.

6. To have an inventory in about 30,000 jar of mango jams to sell in a month.

7. To increase mango jam production by 10% during public holiday for the second year and
third year of operation.

8. To produce 11 hours working per day for each employee.

1.5 PRODUCT DESCRIPTION

The proposed product : Mango Jam.

Product brand : MISS GURLZ ENTERPRISE

Selling price : RM15 per jar of 250 gram.

Product uniqueness : - Rare type of jam

- Can use in many ways.
- Affordable price
- Contain 30% of ‘Lemak Manis’ mango and 30% of ‘Nam Dok
Mai’ mango.

PRODUCT LOGO
MANGO JAM.

CHAPTER 2: MARKETING PLAN

2.0 MARKET AREA

Our business location is situated in Balakong which is a suburb located in Seri

Kembangan, Selangor Darul Ehsan.

2.1 TARGET MARKET

For market segmentation, we choose population data which is one of demographic

variable. Table 1 show population data in Selangor Darul Ehsan.

The data is taken from http://pqi.stats.gov.my/result.php?

token=cc7c47855a65c0c277bca91fc1762a6f. Selangor have a sum of 2,746,800 population
ranging from 10 years old until 34 years old. For the age of 10 to 14 years old, the total number
of its population is 471,600 meanwhile for the age of 15 to 19 years old is 482,100. Other than
that, for the age of 20 to 24 years old, its population number is 544,300 and for the people ages
from 25 to 29, its number of populations is 600,900. Last but not least, Selangor have the total
number of 697,900 population for whom ages from 30 to 34.

Table 1: Market Segmentation Based on Demographic Data in Selangor for the year of 2020

Age Total population

10-14 471,600

15-19 482,100
20-24 544,300

25-29 600,900

30-34 697,900

Total 2,746,800

Table 2 show our target market in Selangor. We assume 30% of adult want to buy our jam. The
total of our target market in Putrajaya is 34,895. For the age between 10 to 14 years old, their
total target market is 23,580 with the percentage of 5% target market. Meanwhile, for the age
between 15 to 19 years old and 20 to 24 years old, their total target market is 72,315 and
163,290 with the percentage of 15% and 30% respectively. Furthermore, for the age between
25-29 years old, their total target market is 60,090 with the percentage of 10%. Lastly, for the
people who aged 30 to 34 years old, it shows that their total target market is 34,895 with the
percentage of 5%.

Table 2: Target Market Based on Demographic Data in Selangor

Age Total Population Target Market (%) Total Target Market

10-14 471,600 5 23,580.0

15-19 482,100 15 72,315.0

20-24 544,300 30 163,290.0

25-29 600,900 10 60,090.0

30-34 697,900 5 34,895.0

Total 354,170.0

2.2 MARKET SIZE

Table 3 show market size in Selangor. We assume adult will spend maximum RM 200 in a year
to buy our jam. While teenagers among age 10 to 14 years and 15 to19 years spend RM75 in a
year to buy our jam. For the middle-age group 25 to 29 and 30 to 34, we assume that they
spend RM465 a year in spending to buy our jam. The total of target market for all ages that
listed is RM35,4170.00 in Selangor. Meanwhile, the total potential spending in a year is RM
48,838,425.00.

Table 3: Market Size in Selangor

Total Target Potential Spending Total Potential Spending

Age Market (RM) (Year)

10-14 23,580.0 30 year RM 707,400.00

15-19 72,315.0 45 year RM 3,254,175.00

20-24 163,290.0 150 year RM 24,493,500.00

25-29 60,090.0 165 year RM9,914,850.00

30-34 34,895.0 300 year RM10,468,500.00

Total 354,170.0 RM 48,838,425.00

2.3 MARKET SHARE

From internet searching at https://shopee.com.my/product/351166498/6877889585?

smtt=0.315023134-1622645056.3 and
https://shopee.com.my/product/306528209/3032530815?smtt=0.315023134-1622645077.3 In
Selangor, there are three businesses which offer similar product with us. The businesses are
Lafruta Bake Ingredients and Ace of Bake Ingredients. Table 4 show market share before we
enter the market. Lafruta Bake Ingredients hold major market share which is 80%, followed by
Ace of Bake Ingredients with the percentage of 20% of market share. Hence, the total market
share for both competitors is RM48,838,425.00.
Table 4: Market Share before Entry of “MISS GURLZ ENTERPRISE”

Competitors Market Share Total Market Share

(%) (RM)
Competitor 1

Lafruta Bake Ingredients 80 39,070,740.00

Competitor 2

Ace of Bake Ingredients 20 9,767,685.00

Total 100 48,838,425.00

Table 5 show the market after our business, MISS GURLZ ENTERPRISE enter the market. We
expect to grab 10% from competitors, Lafruta Bake Ingredients and Ace of Bake Ingredients.
After we enter the market, the market share of Lafruta Bake Ingredients and Ace of Bake
Ingredients experienced market loss of 5% for each of them. This led to the decreasing of
market share for both competitors to 75% for Lafruta Bake Ingredients and 15% for Ace of Bake
Ingredients. Therefore, the total market share for our business in a year is RM 48,838,425.00.

Table 5: Market Share after Entry of “MISS GURLZ ENTERPRISE”

Market Share Market Market Share Total Market Share

Before Entrance Loss After Entrance (RM)
Competitors (%) (%) (%)
Competitor 1

Lafruta Bake Ingredients 80 5 75 36,628,818.75

Competitor 2

Ace of Bake Ingredients 20 5 15 7,325,763.75

JAMZZ MISS GURLZ
ENTERPRISE
- - 10 4,883,842.50

Total 100 5 100 48,838,425.00

2.4 SALES FORECAST

Table 6 show the sale forecast for MISS GURLZ ENTERPRISE. For the first year of our
operation, we produce a fixed quantity of jam for every month. Hence, our sales collection
each month will also be the same throughout the year which is, RM406,986.88 making
the total sales collection of the first year become RM4,883,842.50. For the second year,
we expect to get RM4,981,519.35 after the increasement of 2% being made. Lastly, for
the third year, we think that we can increase our sales again by 3% and achieve total
sales collection of RM5,130,964.93.

Table 6: Sales Forecast for Three Consecutive Years

Year Month Quantity Selling Price / Sales Collection

(Unit) Unit (RM)
(RM)
2022 January 27,132.45867 15.00 406,986.88
February 27,132.45867 15.00 406,986.88
March 27,132.45867 15.00 406,986.88
April 27,132.45867 15.00 406,986.88
May 27,132.45867 15.00 406,986.88
June 27,132.45867 15.00 406,986.88
July 27,132.45867 15.00 406,986.88
August 27,132.45867 15.00 406,986.88
September 27,132.45867 15.00 406,986.88
October 27,132.45867 15.00 406,986.88
November 27,132.45867 15.00 406,986.88
December 27,132.45867 15.00 406,986.88
Total Year 1 (2022) 4,883,842.50
Total Year 2 (increase by 2%) 4,981,519.35
Total Year 3 (increase by 3%) 5,130,964.93

Table 7 show the cash collections for our sales. As we just started our business, we did not let
any of our customer to owe us. Hence, we collect 100% of cash from our customer during
payment is being made.

Table 7: Cash Collections for Sales

Month Percentage of cash collections for sales

In the month of sale 100%
1 month after sale -
2 months after sale -
Total 100%

2.5 MARKETING STRATEGY

2.5.1 Product or Service Strategy

Brand name MISS GURLZ

Product Quality/Design We are using high grade mangoes such as ‘Nam Dok Mai’
& ‘Lemak Manis’.

Packaging, protection, We are using glass jars to bottle up the mango jam which
ease of use has high heat resistant and not fragile. To use our mango
jam, customer will need to just scoop out the mango jam
and enjoy it with various companions like cake, bread and
crepe.

Product differentiation Unlike the other seller, we are using superior mangoes like
‘Nam Dok Mai’ & ‘Lemak Manis’ for our jam.
Labeling We stated useful information such as nutrition facts,
expired date and instructions on our every mango jam’s
jar.

Delivery services We wrapped our product in a parcle with bubble wrap for
safety and post it to the customers using the delivery
services such as DHL, J&T and Pos Laju. Moreover, we
also provide the COD service for the customer who lives
nearby to our shop.

After sales service (if We always check our ratings in Shopee and read all the
appropriate) reviews made by the customers to ensure whether our
product met their satisfaction or not. Additionally, we also
want to know if there is anything for us to improve our
product.

2.5.2 Price strategy

Selling Price = Total cost per unit + Mark up

Selling price: RM15.00

Total cost per unit: RM6.00
Mark up: RM9.00

RM15.00 = RM6.00 + RM9.00

2.5.3 Place/Distribution strategy

We are selling our product through various social media and online shopping platforms
such as Shopee, Instagram and Facebook due to Movement Control Order whereby we cannot
do direct selling. On Shoppe, we make it easier for our customer to purchase our jam by only
clicking the “Buy now” symbol and they can pay through Shoppe pay and online banking. By
doing that, the system will automatically notify us with the order made by the customer, and we
will immediately prepare the order. In contrast, for customers that came from Instagram and
Facebook, we will take the orders through direct message and the payment will be made by
online banking. For the posting part, we wrapped our product in a parcel with bubble wrap for
safety and post it to the customers using the delivery services such as DHL, J&T and Pos Laju.
Moreover, we also provide the COD service for the customer who lives nearby our shop and
one of our employees will deliver to them.

2.5.4 Promotion strategy

1. Public relations

Promotion strategy that we use to promote our mango jam product is by public
relations. We were thinking that if we paid someone from the internet to promote our jam, more
people will know about our product and buy it. We have paid Azfar Heri to promote our mango
jam. Azfar Heri is one of the most famous public figures in Malaysia. We paid to Azfar Heri to
make a review about our product on Instagram. We paid RM100 for him to make a video and
post it on his wall and Instagram story. By doing this, our product can get more attention from
people all over Malaysia especially among the teenagers that love baking. Also, our Instagram
followers’ number will increase rapidly, and more people will buy our jam.

Other than that, we also use social media platforms like Instagram, Facebook, and
Twitter to promote more about our business so that we can reach a wider audience. Hence, we
need to pay about RM50 per month for the data to keep posting about our jam hoping that we
can gain new customers each month.
Public Relations Medium Ads Schedule and Cost Total Expenses

Tools (RM/unit) (RM)

Digital Person RM100/review 100

Social Media Platforms 1. Instagram

2. Facebook RM50/month 50

3. Twitter

Total 150

2.6 MARKETING BUDGET

Table below shows our marketing budget. There are fixed assets, working capital, and
pre-operations. Fixed assets expenses for furniture and fittings in our office is RM5,000. After
that, for working capital, we need to pay RM250 for our office supplies and for promotion we
need to allocate our budget for RM100. Next is the pre-operations which we need to pay
amount of RM150 for stationeries as we need to always top up our stationeries. Hence, we will
get the total of fixed assets expenses is RM5000, monthly expenses are RM250, and other
expenses is RM250. Finally, when we sum it up, we get a total of RM5,500 for our marketing
budget.

MARKETING BUDGET

Fixed
Assets Monthly Other Total
Expenses Expenses Expenses
Particulars (RM) (RM) (RM) (RM)
Fixed Assets
Office: Furniture and fittings 5,000 5,000
Working Capital
Office supplies 250 250
Promotion 100 100
Pre-Operations
Stationeries 150 150
Total 5,000 250 250 5,500

CHAPTER 3: OPERATIONS PLAN

3.1 PROCESS PLANNING

Measure the ingredients like

mangoes, sugar, and water.

Peel off the mangoes skin

Smash the mangoes until it becomes a

jam.
Combine it with a sugar and mix well.

Add some water.

Ensure the jam is in the right quality.

Delay for 30 minutes

Stir and cook the mango jam.

Wash and line-up the jar

Delay for 10 minutes

The jam begins to be thickening.

Turn off the heat and let it

completely cool.

Clean all the mess.

Store all the remaining
ingredients.

Fill in the jar with mango jam.

close the jar and stick the label at

the jar.

Place the mango jam in the box

according to the batches.

Ready to deliver to the customer.

3.2 OPERATIONAL LAYOUT

Layout based on product – suitable for business that has product focus on continuous flow
production such as food processing factory.

3.3 MATERIAL PLANNING

3.3.1 Bill of Materials

Table 1 shows bill of materials to produce mango jam for 2 pounds of jam. Two pounds can
produce 4 jars of mango jam when using a piece of Lemak Manis and a piece of Nam Dok Mai.

Table 1: Bill of Materials for 1 Boxes of Mango Jam

Materials Specification Required Cost/Unit Total Cost
Quantity (RM) (RM)
Mango Lemak Manis 1.2 kg 300 grams 15.90 4.77

Mango Nam Dok Mai 2 kg 500 grams 25.00 12.50

White sugar Gula Prai 1 kg 1kg 2.80 2.80

Glass jar Transparent Glass Jar 4 units 1.41 5.64

250 gm
Labelling Sticker Label 3x3 cm 4 units 0.16 0.64
sticker 1 piece
Total 26.35

From Table 1, cost price for 4 jars of mango jam is RM26.35.

3.3.2 Purchase Projection Schedule

Table 2 shows the purchase projection schedule for production of mango jam per month.

Table 2: Purchase Projection Schedule of Materials

Year Quantity Cost Total Cost Safety Stock Total
Month (jar) Price Price (RM) (2-5%) (RM) Purchase
/ Jar (RM)
(RM)
2022 January 27,132.45867 6.5875 178,735.072 8,936.7536 8,943.3411

27,132.45867 178,735.072 8,936.7536 8,943.3411

February 6.5875
27,132.45867 178,735.072 8,936.7536 8,943.3411
March 6.5875
April 27,132.45867 6.5875 178,735.072 8,936.7536 8,943.3411

May 27,132.45867 6.5875 178,735.072 8,936.7536 8,943.3411

June 27,132.45867 6.5875 178,735.072 8,936.7536 8,943.3411
July 27,132.45867 6.5875 178,735.072 8,936.7536 8,943.3411

August 27,132.45867 6.5875 178,735.072 8,936.7536 8,943.3411

September 27,132.45867 6.5875 178,735.072 8,936.7536 8,943.3411

October 27,132.45867 6.5875 178,735.072 8,936.7536 8,943.3411

November 27,132.45867 6.5875 178,735.072 8,936.7536 8,943.3411

December 27,132.45867 6.5875 178,735.072 8,936.7536 8,943.3411

2022 Total 4,883,842.50 32,172,312.47 1,608,615.62 1,608,622.21

6.5875
year 1
2023 Total year 4,981,519.35 32,815,758.72 1,640,787.94 1,640,794.53
2 6.5875
(increase
by 2%)
2024 Total year 5,130,964.93 33,800,231.48 1,690,011.57 1,690,018.16
3 6.5875
(increase
by 3%)

Table below shown a cash payment for purchases monthly. Percentage of cash in the month of
purchase is 100% while there is none for 1 month and 2 months after purchases.

Table 3: Cash Payments for Purchases

Month Percentage of cash payments for
purchases
In the month of 100%
purchase
1 month after purchase -
2 months after -
purchase
Total 100%
Table 4 show the ending stock of raw materials for making mango jam. 7% of the ending of raw
materials happened at the end of the year 1 which amounted RM112,603.55 and year 2 which
amounted RM114,855.62. While there is only 10% ending stock materials happened at the end
of year 3 which amounted RM169,001.82.

Table 4: Ending Stock of Raw Materials

Year Ending stock of raw materials (RM)
End of year 1 112,603.55
End of year 2 114,855.62
End of year 3 169,001.82

Table 5 below show the ending stock of finished goods. End of the year 1 which amounted
RM27,216.00 and year 2 which amounted RM27,760.32, the ending stock of finished goods is
7%. For the end of year 3 which amounted RM40,847.30, the ending stock of finished goods is
5%.

Table 5: Ending Stock of Finished Goods

Year Ending stock of finished goods (RM)
End of year 1 341,868.98

End of year 2 348,706.35

End of year 3 513,096.49

3.4 MACHINE AND EQUIPMENT PLANNING.

Example: Table below shows the machine and equipment for production of the Mango jam.

Table of machine and equipment planning

Item Quantity Price per unit (RM) Total Cost (RM)

Cedar Wooden Spatula 2 83.48 166.96

Stainless steel working table 2 318.00 636.00

Chiller 1 922.00 922.00

Stainless steel ladle 3 15.00 45.00

Large aluminium wok 1 64.26 64.26

Total 1,834.22
3.5 OVERHEADS REQUIREMENT
Table overheads requirement below shown monthly expenses and other expenses for items that
is needed in MISS GURLZ ENTERPRISE

Table overheads requirement

Item Monthly expenses (RM) Other expenses (RM)

Plastics glove, plastics 90.48 -

apron, face mask, face
shield, staff uniform,
disposable hat
Dish cleaning soap, floor 89.94 -
cleaner, kitchen tissues,
Brushes, hand sanitizer,
hand wash soap
Maintenance on - 500.00
machineries and
equipment

Total 180.42 500.00

3.6 MANPOWER PLANNING

The workers productive hours = Working hours per day – rest time @ workers idling time

Workers productive time / day = 13 hours – (1 hour + 1 hour)

= 11 hours = 660 minutes

If 1 worker can produce 104 jars of mango jam in 60 minutes, thus the worker’s standard production
time is:

Worker standard production time / box = 60 minutes / 95 jars

= 0.63 minutes/jar

Therefore, the number of worker required is:

Number of worker = Production per day

Workers productive time / day x Worker standard production time / unit

= 1044 jars

660 minutes x 0.63 minutes/jar

= 1 worker (1 operation manager)

3.7 BUSINESS AND OPERATIONS HOURS
The business schedule for delivery/self-pick-up is:

Monday - Sunday: 7.00 am - 10.00 pm

Friday: Off

The operation schedule for production of mango jam, restock raw materials and cleaning is: Monday

- Saturday: 7.00 am - 4.00 pm

Wednesday: Off

3.8 OPERATIONS BUDGET

For operation budget, the fixed assets for operations equipment is RM1834.22. Monthly
expenses for raw material and pre-operations is RM2686.90 and 89.94. The total of both of it is
RM2776.84. Then, the total of all the fixed assets, working capital and pre-operation is
RM4,611.06.

OPERATIONS BUDGET
Particulars Fixed Monthly Other Total
Assets Expenses Expenses
Expenses (RM) (RM) (RM)
(RM)
Fixed Assets
Operations equipment 1,834.22 1,834.22
Working Capital
Raw material 2,686.90 2,686.90

Other Expenditure

Pre-Operations
Dish cleaning soap, floor cleaner, 89.94 89.94
kitchen tissues, Brushes, hand
sanitizer, hand wash soap

Total 1,834.22 2776.84 - 4,611.06

3.9 IMPLEMENTATION SCHEDULE
Table below show the implementation schedule of the mango jam operation. The deadlines for
incorporation of business and applications for permits and license is in July 2021 and take only 1
month. The searching for business premise carried in July 2021 and took 3 months to search for
it. Renovation of premise started in September 2021 and it took 1 month for its duration. Next,
Procurement of machines and raw material’s deadline is in November 2021 and took 1 month to
work on it. The deadlines for recruitment of labours and installation of machines are in
November 2021 and take durations for 2 months.

Table of Implementation schedule of the mango jam operation.

ACTIVITIES DEADLINES DURATIONS

Incorporation of business July 2021 1 month

Applications for permits and July 2021 1 month

license

Searching for business premise July 2021 3 months

Renovation of premise September 2021 1 month

Procurement of machines and November 2021 1 month

raw material

Recruitment of labours November 2021 2 months

Installation of machines November 2021 2 Months

CHAPTER 4: ORGANIZATIONAL PLAN

4.0 BUSINESS LOGO AND DESCRIPTION

There are five

women which
represent us in
this business

JAMZZ MISS GURLZ is

our brand name as well
as we all are women and
run this business together The background
without any men color is pink
because we want
to attract the
customers’
attention with
striking colour

4.1 ORGANIZATIONAL CHART

General Manager
Nurul Ain Shafiqah binti Sobri
Marketing Manager Operation Manager Administrative Manager Financial Manager
Nur Alya Wafa binti Aisya Azureen binti Nurul Dianah binti Firra Amieda Putri binti
Mustaffa Mohd Yusri Mustafa Kamal Mustapha

Figure 4.2 Organizational structure

Figure 4.2 shows the Organizational structure of Miss Gurlz Enterprise based on the function of each
manager. Firstly, we have General Manager as our leader named Nurul Ain Shafiqah binti Sobri whereby
she is the one who set effective strategies in achieving company’s goals and guided all of us to achieve
high work productivity. Next in the line is Nur Alya Wafa binti Mustaffa as our Marketing Manager who is
responsible in making sure that she can attract more customer to achieve the target sales. Then, we have
Aisya Azureen binti Mohd Yusri as our Operation Manager, who oversees the production of our product
through effective performance and right practices across the organization. Afterwards, Nurul Dianah binti
Mustafa Kamal serves our company as an Administrative Manager whereby she supervises administrative
personnel by interfacing job expectations and keeping all valuable documents of the company. Lastly, our
Financial Manager, Firra Amieda Putri binti Mustapha is the one who is responsible for the financial status
of the business whereby she needs to produce financial reports and help management making financial
decisions.

4.2 ADMINISTRATION PERSONNEL

4.2.1 Schedule of Tasks and Responsibilities

Table 4.1: Schedule of task and responsibilities

Position Task and responsibilities

General Manager 1. In charge of the general operations, administration, expansion, and
evolution of the Miss Gurlz Enterprise in accordance with the official
mission, rules, and regulation.
2. Associates and secures new opportunities to help the growth of the
business.
3. Flourishes and formulates plans of action for the business and
accomplishes sales, marketing, publicity activities to achieve targets.
4. Guides and motivates staff in developing their skills and being a high
geared team and evaluate their productivity.
Operation 1. Responsible for the overall Operation Performance of jams
Manager
production.
2. Responsible to create and follow the SOP and achievement of Key
Performance Indicators related to the clients, interior business
processes, suppliers & employees.
3. Enhance the overall operational cost and expenses.
4. Check on the quality of the equipment and detect if there are any
damages on them.
5. Delegates and supervise the day-to-day operation activities at the
working station.
Financial 1. To oversee and take care of all the financial spectrum of the
Manager
company.
2. In charge for the precision and timeliness of all the report
submissions.
3. Supervising and taking part in the preparation of many kinds of
financial statements and reports.
4. Superintending the management of cash inflow and outflow from the
business, financial analysis, budget and forecasting the sales.
5. To interpret the financial results of company and recommending what
the next improvement actions that need to be taken by the company.
6. Developing cost repletion strategies and savings plans.
Marketing 1.Planning and carry out activation, advertising, and promotion for
Manager
enlargement of Marketing Plan and Budget; including reviewing
regulative issues linked to new product.
2.Continuously checking the audience reached in all the social media
accounts and always update new post every day.
3.Held numerous online talks or meetings with the public about our
product and making sure that at least there are increasing amount in
potential customers.
4.Conduct effective ways on the development of the Marketing Plan
through online and offline program.

Administrative 1.Helping the arrangement of schedules, managing payroll and

Manager employee’s databases, creating reports, offering other secretarial tasks.
2.Overseeing overall administrative activities for the office.
3.Purchasing office supplies, furniture, office appliances
4.Secure confidential and sensitive information related to the business.
5.Preparing and edit correlation, presentations, communications, and
other important documents.

4.2.2 Schedule of Remuneration

Table 4.2: Schedule of remuneration

POSITION No Monthly Salary EPF Contribution SOCSO Total

. Contributio
(RM) (RM) n
(RM)
(RM)
General Manager 1 1,800 237 30.65 2,067.65
Administration 1 1,800 164 30.65 1,994.65
Manager
Marketing Manager 1 1,800 164 30.65 1,994.65
Operation Manager 1 1,800 164 30.65 1,994.65
Financial Manager 1 1,800 164 30.65 1,994.65
TOTAL 5 9,000 893 153.25 10,046.25

Third schedule of the EPF Act 1991.

The number of wages for the month is from RM1,800.01 to RM1,820.00. Rate of contribution by the
employer is RM 237.00 and rate of contribution by the employee is RM 164.00. The total of all the
contribution is RM401.00.

SOCSO Contribution schedule

Two types of schemes which is occupational disaster schemes and disability schemes and worker’s
disaster schemes. If the salary is above RM 1,700 but under RM 1,800, the employer share and the
employee share are RM30.65 and RM 8.75. The total of contributions is Rm39.40. Then, the total of
contributions for employer only is RM 21.90.

3. LIST OF OFFICE EQUIPMENTS

Table 4.3: List of office equipment for Miss Gurlz Enterprise

Item Quantity Price/per unit Total Cost

(RM) (RM)
Laptop 2 sets 3,141.70 6,283.40

Laser printer 1 set 332.76 332.76

Stationeries 3 sets 150.00 450.00

A4 paper 1 carton 52.65 52.65

Ink Printer 3 sets 175.00 525.00

Total 7,643.81

4. LIST OF OFFICE FURNITURE AND FITTINGS

Table 4.4: List of office Furniture and Fittings for Miss Gurlz Enterprise

Item Quantity Price/per unit Total Cost

(RM) (RM)

Office Table and Office Chair 1 set 679.99 679.99

File cabinet 3 units 148.75 446.25

Air conditioner 1 unit 899.00 899.00

Ceiling Fan 1 set 455.00 455.00

Total 2,480.24

4.5 ADMINISTRATIVE BUDGET

Table below shown the administrative budget. Fixed assets expenses for administration office furniture,
fittings and equipment are RM 2,480.24 and RM 7,643.81. Fixed assets for premises renovation is
RM650.00. Monthly expenses for Remuneration, Utilities, Premise’s rental, and Stationaries in total are
RM 8,450. Other expenses for deposit and business registration and license are RM 4,150 and RM 60.
The total for all of these are RM 23,434.05.

ADMINISTRATIVE BUDGET
Particulars Fixed Assets Monthly Other Total
Expenses Expenses (RM) Expenses
(RM) (RM) (RM)

Fixed Assets
Administration office: Furniture 2,480.24 - - 2,480.24
and fittings
Administration office: 7,643.81 - - 7,643.81
Equipment
Premise’s renovation 650 - - 650
Working Capital 
Remuneration - 10,046 - 10,046
Utilities - 1,500 - 1,500
Premise’s rental - 2,000 - 2,000
Travelling expenses - - - -
Stationaries - 150 - 150
Other Expenditure
Course attended - -

Medical allowances

Pre-Operations
Deposit (rent, utilities, internet) 4,150 4,150
Business registration & 60 60
licenses
Total 10,774.05 13,696 4,210 28,680.05

Chapter 5: Financial Plan

5.1. Project Implementation Cost

5.1.1 Project Administrative, Marketing and Operation Expenditure.
5.1.2. Projected Sales and Purchases

5.1.3. Collection for sales & payment for purchase

5.1.4. Economic Life of fixed assets & depreciation method

5.1.5. Increase in working capital

5.1.6. Ending stock for raw materials and finished goods

5.1.7. Rate of taxation

5.1.8. Business background

5.1.9. Source of finance

5.2. Project Implementation cost & sources of finance

5.3. Cost of Running an operation

5.4 Depreciation schedules in Miss Gurlz Enterprise
5.5. Loan & Hire-Purchase Amortisation Schedules
5.4. Cash Flow Statement
MISS GURLZ ENTERPRISE
CASH FLOW PRO FORMA STATEMENT
MONTH Pre-Operations 1 2 3 4 5 6 7 8 9 10 11 12 TOTAL YR 1 YEAR 2 YEAR 3

CASH INFLOW
Capital (Cash) 17,383 0 0 0 0 0 0 0 0 0 0 0 17,383 0 0
Loan 15,973 0 0 0 0 0 0 0 0 0 0 0 15,973 0 0
Cash Sales 406,987 406,987 406,987 406,987 406,987 406,987 406,987 406,987 406,987 406,987 406,987 406,987 4,883,843 4,981,519 5,130,965
Collection of Accounts Receivable 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL CASH INFLOW 33,356 406,987 406,987 406,987 406,987 406,987 406,987 406,987 406,987 406,987 406,987 406,987 406,987 4,917,199 4,981,519 5,130,965

CASH OUTFLOW
Adm inistrative Expenditure
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Remuneration 10,046 10,046 10,046 10,046 10,046 10,046 10,046 10,046 10,046 10,046 10,046 10,046 120,552 126,580 132,909
Utilities 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 18,000 18,900 19,845
Premise Rental 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 25,200 26,460
Stationaries 150 150 150 150 150 150 150 150 150 150 150 150 1,800 1,890 1,985
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Marketing Expenditure
Off ice Supplies 250 250 250 250 250 250 250 250 250 250 250 250 3,000 3,150 3,308
Promotion 100 100 100 100 100 100 100 100 100 100 100 100 1,200 1,260 1,323
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operations Expenditure
Cash Purchase 8,943 8,943 8,943 8,943 8,943 8,943 8,943 8,943 8,943 8,943 8,943 8,943 107,320 1,640,795 1,690,018
Payment of Account Payable 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Carriage Inw ard & Duty 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Salaries, EPF & SOCSO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenditure 0 0 0 0
Pre-Operations
Deposit (rent, utilities, etc.) 4,150 0 0 0 0 0 0 0 0 0 0 0 4,150 0 0
Business Registration & Licences 60 0 0 0 0 0 0 0 0 0 0 0 60
Insurance & Road Tax for Motor Vehicle 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Pre-Operations Expenditure 240 0 0 0 0 0 0 0 0 0 0 0 240
Fixed Assets
Purchase of Fixed Assets - Land & Building 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchase of Fixed Assets - Others 8,294 0 0 0 0 0 0 0 0 0 0 0 8,294 0 0
Hire-Purchase Dow n Payment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Hire-Purchase Repaym ent:
Principal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Loan Repaym ent:
Principal 133 133 133 133 133 133 133 133 133 133 133 133 1,597 1,597 1,597
Interest 53 53 53 53 53 53 53 53 53 53 53 53 639 639 639
Tax Payable 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL CASH OUTFLOW 12,744 23,176 23,176 23,176 23,176 23,176 23,176 23,176 23,176 23,176 23,176 23,176 23,176 290,852 1,820,010 1,878,083
CASH SURPLUS (DEFICIT) 20,612 383,811 383,811 383,811 383,811 383,811 383,811 383,811 383,811 383,811 383,811 383,811 383,811 4,626,346 3,161,509 3,252,882
BEGINNING CASH BALANCE 20,612 404,423 788,234 1,172,046 1,555,857 1,939,668 2,323,479 2,707,290 3,091,102 3,474,913 3,858,724 4,242,535 0 4,626,346 7,787,855
ENDING CASH BALANCE 20,612 404,423 788,234 1,172,046 1,555,857 1,939,668 2,323,479 2,707,290 3,091,102 3,474,913 3,858,724 4,242,535 4,626,346 4,626,346 7,787,855 11,040,737

5.5. Production Cost Statement

5.6. Income Statement

MISS GURLZ ENTERPRISE
PRO-FORMA INCOME STATEMENT

Year 1 Year 2 Year 3

Sales 4,883,843 4,981,519 5,130,965
Less: Cost of Sales
Opening Stock of Finished Goods 0 341,869 348,706
Production Cost 1,496,385 1,638,909 1,636,239
less: Ending Stock of Finishe Goods 341,869 348,706 513,096
0 0 0
1,154,516 1,632,072 1,471,849
Gross Profit 3,729,326 3,349,447 3,659,116

Less: Enpenditure
Administrative Expenditure 164,352 172,570 181,198
Marketing Expenditure 4,200 4,410 4,631
Other Expenditure 0 0 0
Business Registration & Licences 60
Insurance & Road Tax for Motor Vehicle 0 0 0
Other Pre-Operations Expenditure 240 0 0
Interest on Hire-Purchase 0 0 0
Interest on Loan 639 639 639
Depreciation of Fixed Assets 3,155 3,155 3,155

Total Expenditure 172,646 180,773 189,622

Net Profit Before Tax 3,556,680 3,168,674 3,469,494
Tax 0 0 0
Net Profit After Tax 3,556,680 3,168,674 3,469,494
Accumulated Net Profit 3,556,680 6,725,354 10,194,848

5.7. Balance Sheet Statement

MISS GURLZ ENTERPRISE
PRO-FORMA BALANCE SHEET

Year 1 Year 2 Year 3

ASSETS

Fixed Assets (Book Value)

Land & Building 0 0 0
Office Equipment 6,115 4,586 3,058
Premise's Renovation 520 390 260
Furniture And Fittings 1,984 1,488 992
0 0 0 0
Furniture and Fittings 4,000 3,000 2,000
0 0 0 0
0 0 0 0
0 0 0 0
Operation Equipement 1,467 1,100 734
0 0 0 0
0 0 0 0
0 0 0 0
14,086 10,565 7,043
Current Assets
Stock of Raw Materials 112,604 114,856 169,002
Stock of Finished Goods 341,869 348,706 513,096
Accounts Receivable 0 0 0
Cash Balance 4,626,346 7,787,855 11,040,737
5,080,819 8,251,417 11,722,836
Other Assets
Deposit 4,150 4,150 4,150

TOTAL ASSETS 5,099,055 8,266,132 11,734,029

Owners' Equity
Capital 26,697 26,697 26,697
Accumulated Profit 3,556,680 6,725,354 10,194,848
3,583,377 6,752,051 10,221,545
Long Term Liabilities
Loan Balance 14,376 12,778 11,181
Hire-Purchase Balance 0 0 0
14,376 12,778 11,181
Current Liabilities
Accounts Payable 0 0 0

TOTAL EQUITY & LIABILITIES 3,597,753 6,764,830 10,232,727

5.8. Financial Performance Table

MISS GURLZ ENTERPRISE
FINANCIAL PERFORMANCE
Year 1 Year 2 Year 3
PROFITABILITY
Sales 4,883,843 4,981,519 5,130,965
Gross Profit 3,729,326 3,349,447 3,659,116
Profit Before Tax 3,556,680 3,168,674 3,469,494
Profit After Tax 3,556,680 3,168,674 3,469,494
Accumulated Profit 3,556,680 6,725,354 10,194,848
LIQUIDITY
Total Cash Inflow 4,917,199 4,981,519 5,130,965
Total Cash Outflow 290,852 1,820,010 1,878,083
Surplus (Deficit) 4,626,346 3,161,509 3,252,882
Accumulated Cash 4,626,346 7,787,855 11,040,737
SAFETY
Owners' Equity 3,583,377 6,752,051 10,221,545
Fixed Assets 14,086 10,565 7,043
Current Assets 5,080,819 8,251,417 11,722,836
Long Term Liabilities 14,376 12,778 11,181
Current Liabilities 0 0 0
FINANCIAL RATIOS
Profitability
Return on Sales 73% 64% 68%
Return on Equity 99% 47% 34%
Return on Investment 70% 38% 30%
Liquidity
Current Ratio #DIV/0! #DIV/0! #DIV/0!
Quick Ratio (Acid Test) #DIV/0! #DIV/0! #DIV/0!
Safety
Debt to Equity Ratio 0.0 0.0 0.0
G
BREAK-EVEN ANALYSIS
Break-Even Point (Sales) 249,413 269,925 278,913
Break-Even Point (%) 5% 5% 5%

5.9. Visual Presentation of Data

5.9.1. Return On Sales Graph

5.9.2. Return On Equity Graph

5.9.3. Return on Investment Graph

CONCLUSION
The first graph that we referred to is Return on Sales which is used to evaluate our company's
operational efficiency. In the first year of operation, our return on sales is 73% and it is decreasing to
63.8% in the next year. In the third year, the percentage then increased to 67.8%.

The second graph that we referred to is Return on Equity which means what our business has
earned on the owner's investment in the business. For the first year, our return on equity is amounted to
100% and it reduced to 48% on the second year. For the next year, the percentage then increased to
36%.

The last graph that we referred to is Return on Investment where it is a performance measure used
to evaluate the efficiency or profitability of our investment on the business. In the year one of the
operation, the percentage of the return on investment of our business is 70%. Then, for the second year,
the percentage decreased to 39% and lastly it then increased back to 30%.

Hence, we can confidently say that our business plan shows positive results from year to year. In
conclusion, we believe that we can proceed with our business in the future.
PARTNERSHIP AGREEMENT

This Partnership Agreement is made on 17 January 2022 between Nurul Ain Shafiqah Binti Sobri, Nur
Alya Wafa Binti Mustaffa, Aisya Azureen Binti Mohd. Yusri, Nurul Dianah Binti Mustafa Kamal, and Firra
Amieda Putri Binti Mustapha.

1. Name and Business

The parties hereby form a partnership under the name of MISS GURLZ ENTERPRISE to produce
Mango Jam. The location of the business shall be at Jalan Diplomatik Presint 15, 62000
Putrajaya, Wilayah Persekutuan Putrajaya.

2. Term

The partnership shall begin on 17 January 2022 and shall continue until every partner agreed to
terminate this partnership agreement.

3. Capital

The capital of the partnership shall be contributed in cash by the partners as follows:

o A separate capital account shall be maintained for each partner.

o Neither partner shall withdraw any part of their capital account.
o Upon the demand of either partner, the capital accounts of the partners shall be maintained
at all times in the proportions in which the partners share in the profits and losses of the
partnership.The capital contribution to the partnership is stated as follows:

Name Position Capital Percentage

Contribution Contribution

(RM) (%)
General 5,339.40 20%
NURUL AIN SHAFIQAH
Manager
BINTI SOBRI

NURUL DIANAH BINTI Administration 5,339.40 20%

MUSTAFA KAMAL
Manager

NUR ALYA WAFA BINTI Marketing 5,339.40 20%

MUSTAFFA
Manager

AISYA AZUREEN BINTI Operation 5,339.40 20%

MOHD. YUSRI
Manager

FIRRA AMIEDA PUTRI Financial 5,339.40 20%

BINTI MUSTAPHA
Manager
TOTAL 26,697.00 100%
4. Profit and Loss

The net profit of the partnership shall be divided equally between the partners and the
net losses shall be borne equally by them. A separate income account shall be
maintained for each partner. Partnership profits and losses shall be charged or
credited to the separate income account of each partner. If a partner has no credit
balance in their income account, losses shall be charged to their capital account.

5. Salaries and Withdrawals

Partners shall receive any salary for services rendered to the partnership. Each partner
may, from time to time, withdraw the credit balance in their income account.

6. Interest

No interest shall be paid on the initial contributions to the capital of the partnership or
on any subsequent contributions of capital.

7. Management Duties and Restrictions

The partners shall have equal rights in the management of the partnership business,
and each partner shall devote their entire time to the conduct of the business. Without
the consent of the other partner neither partner shall on behalf of the partnership
borrow or lend money, or make, deliver, or accept any commercial paper, or execute
any mortgage, security agreement, bond, or lease, or purchase or contract to
purchase, or sell or contract to sell any property for or of the partnership other than the
type of property bought and sold in the regular course of its business.
8. Banking

All funds of the partnership shall be deposited in its name in such checking account or
accounts as shall be designated by the partners. All withdrawals therefrom are to be
made upon checks signed by either partner.

9. Books

The partnership books shall be maintained at the principal office of the partnership,
and each partner shall at all times have access to the books. The books shall be kept
on a fiscal year basis, and shall be closed and balanced at the end of each fiscal year.
An audit shall be made as of the closing date.

10. Voluntary Termination

The partnership may be dissolved at any time by agreement of the partners, in which
event the partners shall proceed with reasonable promptness to liquidate the business
of the partnership.

11. Death

Upon the death of either partner, the surviving partner shall have the right either to
purchase the interest of the decedent in the partnership or to terminate and liquidate
the partnership business.

12. Arbitration

Any controversy or claim arising out of or relating to this Agreement, or the breach
hereof, shall be settled by arbitration in accordance with the rules. In witness whereof
the parties have signed this Agreement.

Executed this on 27 January 2022 in Presint 15, Putrajaya, each partner agreed and signed
this agreement to show their commitment to this partnership.
Ain
(GENERAL MANAGER)

NAME: NURUL AIN SHAFIQAH

BINTI SOBRI
IC NO: 020320-06-0378

Alya
(MARKETING MANAGER)

NAME: NUR ALYA WAFA BINTI

MUSTAFFA
IC NO: 020604-01-0540

Azureen
(OPERATIONS MANAGER)
NAME: AISYA AZUREEN BINTI
MOHD. YUSRI
IC NO: 021121- 02-0896
Dianah
(ADMINISTRATION MANAGER)
NAME: NURUL DIANAH BINTI
MUSTAFA KAMAL
IC NO: 020816-14-0638

Firra
(FINANCIAL MANAGER)
NAME: FIRRA AMIEDA
PUTRI BINTI MUSTAPHA
IC NO: 021006-05-0344

Witnessed by:

NAME
IC NO