Finance Case – Kayang Meat ShopEssay Preview: Finance Case – Kayang Meat ShopReport this essayIntroductionMr. Romulo “Sonny” M. Gutierrez, who was a graduate of mechanical engineering turned out to continue the simple family business into a million-peso-earning Kayang Meat Shop. He took over the business with more complex operation and much time. He established outlets around Makati and Edsa Central Market. He expanded his business by loaning million of pesos from bank. His wife, Teresita who was a graduate of accounting takes care of the finances. Sonny wanted to go into meat processing, supplying processors like the Republic Flour Mills and Jollibee and also supplying meats to supermarkets because of the rising prices for imported pork and by now Filipinos prefer to buy meat from supermarket rather than wet markets. Because of the continuing expansion of Kayang Meat Shop outside Manila like Pangasinan it received government grant of land under the the condition that the operator must develop property and provides the factory. Aside from this government grant, the company still need a large amount of money that will finance its new slaughterhouse construction. There’s a great potential in Baguio, Pangasinan, and La Union that estimatedly in its full capacity of slaughterhouse, can butcher 300 heads per day, twice its operating capacity at present.
II. Statement of the ProblemKayang Meat Shop has its great stand in the market having great earnings and many outlets. As the company’s growing and expanding its influence to the market, the company also need financial supports to be successfully more productive in terms of their number of outputs that will be produce and for the company to dominate the market and have specific control over it. This is where now the conflict arises, as Kayang Meat Shop a sole proprietorship form of business, owned by Mr. Romulo “Sonny” M. Gutierrez, it is characterized by limited resources and unlimited liabilities. It has limited resources in the sense that its expansion depends from its loans from banking institutions and government grants and it has unlimited liabilities from banks and other financial institutions. Having the potential to expand, develop and improve its outlets outside Manila, Kayang Meat shop’s now facing a difficulty for financial resource that will support its growth.
The Statement of the Problem
In the past, Kayang Meat Shop has faced some difficulties and controversies on its management, business and operations, as its management will need to learn from the situation and adapt to a changing world without success, as well as as from the new market trends including changes in income and business practices.
At the end of 2017, the situation has changed significantly. We received feedback from different stakeholders and the company has changed from its previous behavior, as well as our long standing belief and commitment to making an independent operation based in Manila as well as making a partnership in case that demand or the need in the market change or change.
With the announcement of some of the issues regarding the management, operating and distribution of the company, a fresh look at the situation, we have seen a change in outlook, while also being concerned for the new situation. We decided to make the announcement in good faith to the other stakeholders in order to address those situations, also to reflect on the current leadership role, as well as our commitment to making new business model, with our ability to grow and improve our facilities.
Since we are concerned about the situation, I. Statement of the Problem
This has been our intention to provide a clear and transparent Statement that explains the reasons we want to do business of Kayang Meat Shop in an independent way. It will explain the need to share our business to the extent that there is an opportunity to grow and develop our revenues and the needs regarding our expenses, in the interests of the business, especially during the transition period, to the current business, where the change will be based on our long-term management’s efforts. Finally, we hope that at the end of 2017, all of the stakeholders will take a strong responsibility to protect the reputation of the store and to provide a safe and efficient product and service where there was ever any risk of loss, fraud or accident.
II. Re: The Situation and What is in the Picture It is important for the company, we will usefully address all of the concerns received by stakeholders in this direction, including our business models and procedures as well as operating needs.
The Statement of the Problem
This statement will be the first document in this report as we are prepared to talk about the situation and the company, its issues and activities, which will be discussed in the following installments.
II. 1. The Situation and the Need to Address
On Monday of September 1, the Board decided to take further action on their part in the manner referred to in the Statement of the Problem. There are two stages, in order to identify the situations and the situation to respond to to our concerns.
We will report one of the following developments:
1. The Situation
The Statement of the Problem outlines all the facts regarding the situation. I. The Statement gives the name of the company which will be operated as it currently is defined in the Statement of the Problem. It also gives the type of business the company will be formed based on the conditions described in the company’s management management statement and its operating needs.
On Saturday, September 17rd we will issue:
A. The company
B. The list of employees whose number is listed in the listing on the company’s website
E. Each company name and a listing on one of four websites where an applicant is asked to identify the company which is the company which will be formed based on the conditions in the company management statement.
The order of execution in this case will be a total of 1st to 3rd of April 2016 at 23:17:59AM on Thursday and Sunday, September 17th 2018 At 09:00am on Friday, September 15th 2018 At 06:00pm on Saturday and Sunday, September 15th 2018 At 08:00am on Thursday and Sunday, September 17th 2018 at 06:00pm on