TRNG I HC KINH T - LUT KHOA KINH T I NGOI
----------------------
THM NH V QUN L D N U T
ti:
THIT LP V THM NH D N THNH LP
CA HNG BNH BO BABEVI TH C
GVHD : Ths. Ng Thanh Tr.
LP : K11402B NHM : nhm 10
1. Ng Vn Anh K114020238
2. Trn Th Tin Hng K114020258 3. Nguyn Th Anh Li K114020287 4. ng Nguyt Thanh K114020323 5. ng Th Chin Thng K114020330 6. Trng Thy Tin K114020341 7. Trn Th Bch Tuyn K114020351
Tp. H Ch Minh, thng 08 2014
DANH SCH NHM V PHIU NH GI THNH VIN
STT H V TN MSSV NH GI
1 Ng Vn Anh K114020238 Cc thnh vin u t im ti
a ca bng tiu ch nh gi
ca nhm ra.
Do , tt c u t mc im
ti a l 100/100 im.
2 Trn Th Tin Hng (Nhm trng)
K114020258
3 Nguyn Th Anh Li K114020287
4 ng Nguyt Thanh K114020323
5 ng Th Chin Thng K114020330
6 Trng Thy Tin K114020341
7 Trn Th Bch Tuyn K114020351
MC LC
Phn 1. TNG QUAN V D N ........................................................................................... 1
1.1 M t d n .................................................................................................................. 1
Cc bn lin quan ................................................................................................. 1
Cn c lp d n ................................................................................................... 1
1.2 Mc tiu, bi cnh v m, hin trng ........................................................................... 2
Mc tiu ca d n: .............................................................................................. 2
Bi cnh v m ...................................................................................................... 2
Hin trng khu vc (ngnh) .................................................................................. 3
Phn 2: TNG QUAN V TH TRNG ............................................................................... 4
2.1 Sc cu th trng ........................................................................................................ 4
2.2 Sn lng sn phm bn ra d kin ............................................................................. 4
2.3 Phn tch a im ........................................................................................................ 5
2.4 Thu v cc quy nh khc: ......................................................................................... 6
Phn 3. PHN TCH K THUT .............................................................................................. 7
3.1 Sn phm ...................................................................................................................... 7
Bnh bo tm chy Hu........................................................................................ 7
Bnh bo Bnh nh ............................................................................................. 8
Bnh bo BaBeVi hi sn ..................................................................................... 8
3.2 C cu sn phm trong danh mc ................................................................................ 8
3.3 Cng sut thc t ......................................................................................................... 9
Phn 4. PHN TCH NHN S ............................................................................................. 10
4.1 Nhn lc qun l ........................................................................................................ 10
Yu cu tuyn dng ............................................................................................ 11
Cch thc o to v qun l .............................................................................. 11
Cch thc t chc lm vic ................................................................................ 11
4.2 Bng lng nhn cng ............................................................................................... 11
Phn 5. K HOCH TI CHNH ........................................................................................... 12
5.1 Cc thng s v cc gi nh c bn cho d n: (Ph lc 1). .................................... 12
5.2 Bng chi u t v lch trnh khu hao ...................................................................... 12
5.3 Bng li vay v lch tr n: Ph lc 3. ....................................................................... 12
5.4 Bng doanh thu .......................................................................................................... 12
5.5 Bng chi ph hot ng (Ph lc 4) ........................................................................... 13
5.6 Thay i vn lu ng (Ph lc 5) ............................................................................ 14
5.7 Bng cn i li/l (Ph lc s 6) .............................................................................. 14
5.8 Ngn lu t do: (Ph lc 7) ....................................................................................... 14
5.9 Chi ph vn ................................................................................................................. 15
5.10 Tnh ton cc tiu ch la chn d n: ( ph lc 8) ................................................ 15
5.11 Bin dng ca dng ngn lu rng: ....................................................................... 16
Phn 6. PHN TCH RI RO ................................................................................................. 17
6.1 Phn tch nhy ....................................................................................................... 17
Phn tch nhy mt chiu............................................................................... 17
Phn tch nhy 2 chiu ................................................................................... 17
Nhn xt: ............................................................................................................ 18
6.2 Phn tch kch bn ...................................................................................................... 18
Phn tch kch bn .............................................................................................. 18
Nhn xt .............................................................................................................. 18
Phn 7. NHN XT V KT LUN ..................................................................................... 19
PH LC 1. BNG THNG S ............................................................................................ 20
PH LC 2. BNG CHI U T V BNG KHU HAO ............................................... 23
PH LC 3. BNG LI VAY V LCH TR N ............................................................... 24
PH LC 4. BNG CHI PH HOT NG ......................................................................... 25
PH LC 5. THAY I VN LU NG ......................................................................... 26
PH LC 6. BNG CN I LI / L ............................................................................... 27
PH LC 7. BO CO NGN LU .................................................................................... 28
TI LIU THAM KHO ........................................................................................................ 30
1
Phn 1. TNG QUAN V D N
1.1 M t d n
- Tn d n: Thnh lp ca hng Bnh Bo BaBeVi.
- Lnh vc: Kinh Doanh m Thc.
- Chng ti d nh thnh lp mt ca hng c tn l Bnh Bo BaBeVi. Ca hng
ny chuyn cung cp bnh bo Hu, bnh bo Bnh nh v c bit l bnh bo BaBeVi
(mt sng to ring ca chng ti) pha ln nt truyn thng v hin i.
- Hnh thc phc v: ca hng s phc v khch hng qua hai knh: trc tip v giao
hng tn ni.
- a im: ng Thng Nht, qun Th c.
- Vng i ca d n: d n bnh bo BaBeVi c thc hin trong vng 3 nm (2015
2017), sau chng ti s tip tc thc hin d n khc hon thnh mc tiu di
hn ca chng ti.
Cc bn lin quan
- Ch u t: nhm 7G.
- Ch n: ngn hng SacomBank.
- i tng khch hng: hc sinh, sinh vin v gii vn phng khu vc ng t Th
c v ln cn.
- Nh cung cp: ca hng go sch Th c, cc nguyn liu khc mua t ch Linh
Trung.
Cn c lp d n
1.1.2.1 Cn c thc t
- Th trng dnh cho sn phm bnh bo rt tim nng v c nhiu c hi pht trin.
- Nhu cu s dng thc n nhanh ngy cng tng do cuc sng ngy cng bn rn.
- Vn u t v pht trin d n khng cao, k thut n gin.
1.1.2.2 Cn c php l
- D n thc hin m bo cc yu t quy nh ca lut php Vit Nam v loi hnh
v sn phm kinh doanh l hp php.
- Tun th quy nh ca php lut v v sinh an ton thc phm v phng chy cha
chy.
- Vic la chn, s dng ngun lao ng v cch chnh sch lin quan m bo cc
quy nh v Lut Lao ng Vit Nam.
2
- Chnh sch trch np thu r rng, c th th hin qua bng phn tch ti chnh.
1.2 Mc tiu, bi cnh v m, hin trng
Mc tiu ca d n:
- Mc tiu ngn hn: Vi ca hng m thc thc n nhanh, ca hng BaBeVi s nhanh
chng hon vn v xy dng thng hiu ngay trong nm u tin thc hin d n. V
trong 2 nm tip theo ca hng chng ti s tng thm doanh s, tm kim li nhun v
khch hng tim nng; tng kh nng cnh tranh, v nng cao gi tr thng hiu Bnh
bo BaBeVi trn th trng.
- Mc tiu di hn: D n s thit lp chui ca hng Bnh bo BaBeVi chuyn
cung cp cc loi bnh bo, bnh bt lc.
Bi cnh v m
1.2.2.1 Mi trng kinh t V m
- Kinh t Vit Nam ni chung v kinh t thnh ph H Ch Minh ni ring ang pht
trin vi tc tng i nhanh. Theo Tng cc thng k, GDP bnh qun u ngi
ca nc ta vo nm 2010 t 1,273 (USD/ngi/nm), nm 2012 t 1,749
(USD/ngi/nm) v n nm 2013 t 1,960 (USD/ngi/nm). Thu nhp trung bnh
ngy cng tng ln v theo cc nhu cu v m thc cng tng ln.
- Li sut ngn hng gn y c nhiu bin ng, c xu hng tng trong mt vi
thng gn y, y l mt du hiu bt li cho d n.
- Theo Qu tin t th gii (IMF) trong 2015 lm pht trung bnh Vit Nam d kin
l 5%. Theo tng cc thng k, ch s lm pht na u nm nay (6 thng 2014) ch
mc 1,38% so vi thng 12 nm 2013, thp nht trong vng 13 nm tr li y. Tn hiu
ng mng cho nn kinh t Vit Nam v l mt im sng cho d n t c mc
tiu di hn.
1.2.2.2 Mi trng php l
Trong nn kinh t th trng hin nay, vic m ra cc loi hnh kinh doanh khng
cn kh khn v lun c nh nc khuyn khch. Cho nn vi m hnh kinh doanh
m thc lu li nt vn ha truyn thng th vic ng k s d dng.
1.2.2.3 Mi trng vn ha x hi
- Thnh ph H Ch Minh l a phng c mt dn c dy c, thnh ph vi dn
s ng nht nc 3,666 (ngi/km2/nm 2012) (ngun: Tng cc thng k), l u mi
thu ht, quy t nhiu tng lp trong x hi nht. Vi s pht trin ca nn kinh t, nhu
3
cu thng thc cc mn n ngon l iu tt yu. iu ny cho thy thnh ph H Ch
Minh thc s l th trng tim nng cho d n.
- Trong cuc sng hin i ngy nay, ngy cng c nhiu mn n nc ngoi du nhp
vo Vit Nam, nhng nhng mn n truyn thng mang m nt c sc vn ha vng
min lun c a thch bi thc khch trong v ngoi nc.
Hin trng khu vc (ngnh)
Cc vn quan trng ca ngnh, cc chin lc ca nh nc v chnh sch lin quan
n ngnh m c th nh hng n d n.
- Nhng nm gn y th trng thc n nhanh r ln nh mt tro lu ca sinh vin,
hc sinh, nhn vin vn phng... Trong nhp sng hin i, ngy cng gp gp, con ngi
thng c xu hng tit kim thi gian cho ba n. Theo cng ty phn tch th trng
AC Nielsen Vit Nam, th trng s khai ca thc n nhanh ch chim khong 8% ngi
tiu dng v s ln dng t 1-3 ln/ thng. Theo s liu t Vietnamnet, gn y, th
trng thc n nhanh ti Vit Nam pht trin kh mnh vi 19,7 triu lt giao dch mi
nm, mang v 869 t VN doanh thu (nm 2011). Nhc n th trng thc n nhanh
Vit ni chung v TP.HCM ni ring, phi k n cc thng hiu ln nh: Loteria,
KFC, VietMac, Bnh M ta, Ph 24, Tuy nhin, tm thy mt s a dng trong
thc n nhanh thun Vit th khng h d.
- Vn bo tn v pht huy gi tr truyn thng, m bn sc dn tc lun c
Nh Nc quan tm v h tr. y l mt u th ln cho d n i vo hot ng v pht
trin.
4
Phn 2: TNG QUAN V TH TRNG
2.1 Sc cu th trng
- Thnh ph H Ch Minh l trung tm vn ha - gio dc ca c nc vi h thng
a dng cc trng i hc, thu ht ng o cc bn sinh vin sinh hot v hc tp
y.
- Cng ng min Trung (qu hoc c gc) c tnh chim khong 30% dn s. Ngy
nay, s ngi ra Thnh ph H Ch Minh cng tc v hc tp khng ngng tng ln.
- Chi tiu cho n ung ca ngi Thnh ph H Ch Minh ni ring, ca ngi Vit
Nam ni chung chim t trng rt ln trong thu nhp ca h (Vit Nam ng u khu
vc chu ).
- Ngi tiu dng ti Thnh ph H Ch Minh c nhu cu cao vi cc mn n c sn,
th hin c tnh cng ng, gi c va phi v m bo v sinh an ton thc phm.
- Tnh cht c trng ca th trng n ung l pht trin n nh sau khi trin khai
xong qu trnh nh v nn sn phm c nhng tin pht trin lu di.
- Th trng n ung gi bnh dn Thnh ph H Ch Minh pht trin rt mnh
m, tuy nhin a s c th thy l kinh doanh n ung va h, t t ra nhng cu hi
v cht lng v sinh an ton thc phm ngi tiu dng v cc nh chc nng.
- Mn bnh bo l mt c sn c mi ngi a thch nhng li thiu ca hng
chuyn v cung ng, ch c by bn ti mt s a im nh l lng i hc Th
c, khu vc i hc Ngn Hng...
Qua nhng vn trn, chng ti d on trong ngn hn, th trng ny tip tc i
hi cao hn v tnh c o, l ming ca sn phm, cng nh nhiu tin ch khc m
sn phm mang li. Do vy, n kinh doanh nh trnh by trong Phn 1 c thc
hin nhm p ng nhu cu ca khch hng. Sau 3 - 4 nm na chng ti c nh s
pht trin ca hng Bnh bo BaBeVi thnh chui ca hng vi quy m ln, v tip
l tr thnh cc ca hng m thc c nhiu loi c sn ca mnh t min Trung, kt
hp vi thng thc khng gian khi tham quan qun nh dn ca, th, ca dao bn a.
2.2 Sn lng sn phm bn ra d kin
- Quy m u t dnh cho qun: Chng ti cn mt bng c din tch khong
5*15=75m2. B tr ti u din tch nh sau:
+ Khu bp: 5*3m = 15 m2.
+ Khu thu ngn: 1.3*2m = 2.6m2.
5
+ Khu WC: 5 m2 (2*2.5m).
Cc hng mc trn chim khong 22.6 m2. Khng gian cn li dng b tr bn gh, tiu
cnh, cy ci Din tch khng gian cho 1 b bn gm 1 bn & 4 gh ti u l 3.5 m2.
Do vi din tch 75 m2 c th b tr c 15 b bn gh vi sc cha ti a 60 ngi.
- Gi bn d kin: (8 chn/da)
Nm 2015 2016 2017
Gi 18.000 20.000 22.000
Nm u (nm 1), chng ti nh gi thp hn i th cnh tranh d thm nhp
th trng, cc nm sau nh gi ngang i th cnh tranh.
- S lng hng bn d kin:
Bng 2.1 S lng hng bn d kin nm 2015 2017
Thi k u, do gp phi cc yu t tc ng nh: cnh tranh, hnh vi tiu dng ca
khch hng, hnh nh ca hng cha c qung b rng ri.... nn s lng hng ha
c tnh bn ra cha nhiu, nhng s c ci thin v tng ln trong nhng k tip.
2.3 Phn tch a im
Chng ti da trn cc nguyn tc chung la chn a im: li th v mt
kinh t, ph hp loi hnh kinh doanh, an ninh, mi trng, s ng ca a phng.
0 1 2 3
2014 2015 2016 2017
K I K II K I K II K I K II
S lng bn 15 15 15 15 15 15
S da/bn/1 ln 4 4 4 4 4 4
S gi hot ng (gi/ngy)
6 6 6 6 6 6
Thi gian trung bnh s dng 1 bn
0.5 0.5 0.5 0.5 0.5 0.5
Tng s da bn ra (da/ngy)
720 720 720 720 720 720
Cng sut bnh qun 25% 34% 56% 56% 60% 60%
S lng bn bnh qun (da/ngy)
180 245 403.2 403.2 432 432
S lng bn bnh qun (da/k)
32,400 44,064 72,576 72,576 77,760 77,760
6
Da vo cc tiu ch ny, chng ti xt thy a im thch hp t ca hng u tin
trn ng Thng Nht, qun Th c, gn khu vc ng t Th c, Qun 9. C th:
- Li th kinh t: y l khu vc tp trung nhiu cc ngn hng, on th, doanh
nghip, trng anh ng, cng nh cc trng i hc, trng trung hc, tiu hc, Do
, ni y tp trung ng cc i tng nh hc sinh, sinh vin, nhn vin vn phng
l khch hng mc tiu ca d n. Mc d khu vc ny cng tp trung nhiu qun x
nhng vn cha c mt ca hng no c th p ng y cc tiu ch: khng gian
thoi mi, gn gi vi thin nhin; cung cp thc n nhanh gn vi mc gi phi chng;
thc phm m bo tnh an ton, v sinh, iu ny to cho d n mt li th cnh
tranh nu t ca hng trong khu vc ny.
- Mi trng: khng gian cc khu vc kh thoi mi, t chu nh hng bi khi bi
hay ting n nh trung tm thnh ph. Xung quanh c cy xanh bao ph m bo cho
khch hng c th thng thc bu khng kh trong lnh, mt m sau ngy di hot
ng.
- S nht tr ca a phng: khu vc ny c cp php kinh doanh v a phng
cng to iu kin tin hnh hot ng kinh doanh cho c th kinh doanh trong phm
vi cho php.
Vi a im ny, nhm tn dng c khng gian thong mt, khu vc u xe
rng rt ph hp. Hn na, gi c cho vic thu mt bng 60 triu ng/thng v iu
khon thu mt bng nm trong phm vi d n c th gii quyt c. Do , y l a
im ph hp nht trin khai d n.
2.4 Thu v cc quy nh khc:
- Theo Chi cc thu i vi h kinh doanh c th c cc loi thu sau:
Thu thu nhp h kinh doanh: 12%
Thu VAT h kinh doanh: 2%
Thu mn bi: c nm np 1.000.000 VN.
- Cc quy nh lin quan ca nh nc:
+ V sinh an ton thc phm: m bo cc tiu chun v an ton v sinh thc phm,
xin cp giy chng nhn.
7
Phn 3. PHN TCH K THUT
3.1 Sn phm
Bnh bo Hu, bnh bo Bnh nh, t lu tr thnh mt nt vn ho m
thc tinh hoa i su vo tm hn ngi Vit. Mc d ch xut hin nhng m hnh
qun va h, hay mt vi qun nh nhng hin nay, ti thnh ph H Ch Minh bnh
bo tr nn rt i thn quen. Ly cm hng t nhng loi bnh truyn thng m tinh
t ny, ca hng chng ti chuyn cung cp nhng sn phm sau: bnh bo tm chy
Hu, bnh bo Bnh nh v bnh bo BaBeVi hi sn.
Bnh bo tm chy Hu
- Nguyn liu gm: 1/2 kg bt go, 1 lt ri nc lc, 1 mung canh bt nng, 1 t
mui, 1/2 mung cafe bt nm Knoor, Hnh l xt nh, B heo ct ming vung nh,
Tm kh ra sch tht kh ro, Chn snh nh hp, 1 t nc un si ngui +
ng ct + Nc mm ngon.
- Cch ch bin:
+ Bt go pha vi nc, khuy u cho tan ri ry qua 1 ln vo 1 ni nh.
+ Nm gia v v cho bt nng vo. i cho bt nm mm ra ri khuy u.
+ Mc khong 6 v nh hn hp bt ra 1 t bnh t t. Mi ln th khuy
u bt trong t ln.
+ nc vo ni sao cho va gn chm y xng hp sau t chn vo xng.
+ i nc si ln v chn tht nng th mc tng v bt vo. Mi v vo 1
chn ri y kn np, hp t 5-6 pht l chn.
+ Sau khi chn th ly chn ra ngui ri dng mung c fe, xoay bnh ra khi
chn. Lm tip m tip theo.
+ Chin vng b heo sau ct nh chng ra. Phn du chin b heo c th dng li
thng hnh l xt nhuyn lm m hnh pht ln bnh.
+ Tm tht kh ri xay nhuyn ra bng my xay sinh t loi nh n khi bng
ti ra l c.
8
Bnh bo Bnh nh
- Nguyn liu gm: 1/2 kg go trng, 1 lt ri nc lc, 1 t mui, 1/2 mung cfe
bt nm Knoor, L h thi nh, lc rang gi nh, Chn snh nh hp, 1 t nc un
si ngui + ng ct + Nc mm ngon.
- Cch ch bin:
+ Ngm go trng vo nc m khong 6-8 gi, sau xay bt trc khi bnh.
+ un si nc trong ni hp, sau b chn vo lm nng chn.
+ Sau mc bt vo chn ri y kn np. Hp khong 5-6 pht l chn, ri
ly chn ra v lm m tip theo.
+ Pha ch nc chm c trng Bnh nh.
+ Cho du n ( phi vi hnh c thi mng), nc chm v l h vo bnh trc
khi n.
Bnh bo BaBeVi hi sn
- Nguyn liu gm: bt go, tm kh, tm ti (chn loi tm t), mc ti, rau
thm, bnh phng tm.
- Cch ch bin: Bnh Bo BaBeVi c ch bin theo cng thc ring, m bo
cht lng, hm lng dinh dng v v sinh an ton thc phm.
3.2 C cu sn phm trong danh mc
Sn phm c phn thnh 5 nhm vi t l/ doanh thu nh sau:
Sn Phm(SP) T l trong doanh thu (%)
Bnh Bo BaBeVi 30
Bnh Bo Hu (chn + da) 35
Bnh Bo Bnh nh (chn + da) 35
9
3.3 Cng sut thc t
2014 2015 2016 2017
K I K II K I K II K I K II
S ln hp bnh/ni/ ngy 18 18 18 18 18 18
S chn/khay 24 24 24 24 24 24
S khay/ni 3 3 3 3 3 3
S ni 2 2 3 3 3 3
S bnh/ngy 2,592 2,592 3,888 3,888 3,888 3,888
S chn/da 8 8 8 8 8 8
S da/ngy 324 324 486 486 486 486
Cng sut thc t 0.6 0.80 0.85 0.85 0.90 0.90
S lng da thc t sn xut (da/ngy)
194 259 413 413 437 437
S lng sn xut (da/k) 34,992 46,656 74,358 74,358 78,732 78,732
Trong thi k u, do cc iu kin sn xut ban u cha hon thin nn cng
sut ch t 60% . Nhng k sau khi k thut dn c ci thin th nng sut s tng
ln hng nm.
10
Phn 4. PHN TCH NHN S
4.1 Nhn lc qun l
B phn S lng Thi gian lm vic Nhim v i tng
Qun l 1 Lm vic theo ca.
14h30-21h30
- S chu trch nhim theo di, qun l ton b hot ng ca ca hng. - Lp k hoch, nh hng, xy dng chin lc pht trin ca ca hng. - Qun l, iu phi, gii quyt cng vic hng ngy, Thu tin, qun l h thng thu tin t ng, Qun l thu chi hng ngy, Kt ton thu chi hng tun/thng/nm.
Nhn lc cho nhng v tr qun l ny l chng ti nhng ngi thc hin d n Bnh bo BaBeVi.
B phn Marketing
1 Lm vic theo nhim
v c giao
- Nm bt th trng tiu th, t , tin hnh lp k hoch Marketing hiu qu cho nhng sn phm ca ca hng, m bo s to bo, mi l trong chin lc marketing. Gii thiu sn phm n khch hng tim nng. - Chu trch nhim marketing online.
B phn sn xut
1 u bp, 2 ph bp
u bp: 13h - 20h. Ph bp: lm theo ca
(mi ca 1 ngi): 7h - 15h, 15h - 21h
- S qun l dy chuyn lm bnh ca ca hng: m bo ng qui trnh, v v sinh an ton thc phm. Lun m bo cht lng tt nht ca sn phm lm ra. - ph bp: chun b nguyn ph liu, ....
- u bp: s mi mt th chuyn lm bnh lm trng b phn sn xut. - Ph bp: Nhng ngi c kinh nghim lm bnh s c tuyn vo v tr ph bp.
Nhn vin
phc v bn
3 ngi 15h - 21h - Phc v ti qun. - Giao hng.
Sinh vin, nhng ngi ra trng cha c vic lm, nhng ngi c nhu cu lm thm.
Bo v 1 15h - 21h - Trng coi ca hng, gi xe, dt xe cho khch. Nam
11
Yu cu tuyn dng
- L ngi nhit tnh, ham hc hi, c trch nhim vi cng vic c giao.
- Thi lm vic chuyn nghip, chp hnh tt ni quy ca ca hng (nghim tc,
ng gi, nhanh nhn, lch s, ha nh).
- Lun phc v khch hng theo phng chm Khch hng l thng .
- Ch ng tm hiu, pht hin ra nhng thiu xt, im cha hp l ca d n, ca
ca hng kp thi iu chnh.
Cch thc o to v qun l
- Tp hun ph bin ni quy trc khi vo lm vic, thng xuyn hp rt kinh
nghim, c bit l trong x l cc tnh hung bt ng.
- Hun luyn nhn vin thm nhun quy tc lm vic ca ca hng.
- Ph bin kin thc v sn phm ca ca hng, cch lm vic ca tng b phn.
Cch thc t chc lm vic
- Phng chm hot ng: em n cho khch hng nhng sn phm m bo cht
lng, ph hp vi ti tin, to nn s bn vng thng qua nhng gi tr lu di.
- Nguyn tc lm vic: nhanh nhn, thn thin.
- Chnh sch i ng: lm thm ngy ngh, l s c tr cao hn, thng cho cc c
nhn c ng gp quan trng em v li nhun cho ca hng, k lut i vi c nhn vi
phm ni quy.
- Phn cng lao ng theo quy trnh sn xut.
4.2 Bng lng nhn cng
n v: VND/thng.
B phn S lng Lng/ngi Thnh tin
Qun l 1 4,000,000 4,000,000
Trng b phn Marketing 1 2,000,000 2,000,000
B phn sn xut
+ u bp 1 3,500,000 3,500,000
+ Ph bp 1 2,500,000 2,500,000
Nhn vin phc v bn 3 2,200,000 6,600,000
Bo v 1 1,800,000 1,800,000
Tng 8 20,400,000
Qua cc nm th mc lng s c gia tng 5%/nm.
12
Phn 5. K HOCH TI CHNH
Doanh thu t ngun bn hng v cung cp dch v chim 100 %. Cc bng dng
phn tch ti chnh bao gm:
5.1 Cc thng s v cc gi nh c bn cho d n: (Ph lc 1).
Bao gm thng tin u t: chi u t my mc, thit b, dng c v chi u t
sa cha, trang tr qun l 94,785,000 VND. Thng tin ti tr: theo c tnh s tin cn
u t ban u vo qun l: 96,785,000 VND. Trong : Vn gp t 7 thnh vin nhm
7G: 26,785,000 VND. Vn vay t ngn hng SacomBank: 70,000,000 VND, li sut
danh ngha 14%/ nm, n gc v li tr u theo k 6 thng, tr trong 3 k.
Ngoi ra, thng tin sn xut v thng tin khc c th tham kho Ph lc 1.
5.2 Bng chi u t v lch trnh khu hao
Bng khu hao: cc my mc thit b, cng c dng c khu hao trong 5 nm.
S dng phng php khu hao ng thng. (Ph lc 2)
5.3 Bng li vay v lch tr n: Ph lc 3.
5.4 Bng doanh thu
n v: nghn VND
0 1 2 3
2014 2015 2016 2017
K I K II K I K II K I K II
Gi bnh
bo 18 18 20 20 22 22
Doanh thu
hng bn 583,200 793,152 1,451,520 1,451,520 1,710,720 1,710,720
Doanh thu
t bnh bo gim gi
23,328 23,328 17,820 17,820 10,692 10,692
Tng doanh thu
606,528 816,480 1,469,340 1,469,340 1,721,412 1,721,412
Din gii bng doanh thu
K 1 - Nm 1:
Do cc iu kin sn xut cn hn ch, trnh tay ngh cha cao th nng sut
ch t mc ti a 60% (c ngha l s lng da bnh sn xut trn l thuyt l 324
da), nhng thc t ch sn xut c 194 da.
13
kha cnh u ra, doanh thu k 1 ca nm u tin s c nhng nh hng nht
nh bi:
+ Sc cnh tranh t cc nh sn xut lu nm trong ngnh.
+ S thiu hiu bit v khng nm r v th trng tiu th.
+ S hn ch trong cht lng do cc vn k thut ban u pht sinh trong khi
ngi tiu dng ngy cng kh tnh.
Do sn lng tiu th k 1 ca nm u tin ch t 25 % sn lng u ra
sn xut c tng ng doanh thu c tnh: 606,528,000 VND
K 2- Nm 1:
Chuyn mn c nng cao v k thut c ci tin nn nng sut sn xut d
kin s c ci thin v t mc 80%. Bn cnh cc hiu bit nht nh qua mt
thi gian tham gia th trng gip ci thin ng k ngun tiu th tuy nhin cng
cn nhng ro cn nht nh khin doanh thu cha th ci thin mnh. chnh l:
+ S khch hng trung thnh vi sn phm bnh bo cha nhiu.
+ Thi quen tiu th cc mn khc l rt kh t b.
T y c th thy sn lng tiu th c s ci thin cha ng k . Do sn
lng tiu th d kin trong k th 2 ch t c 34% sn lng sn xut ti a iu
kin nng sut 80%, vi doanh thu c tnh: 816,480,000 VND.
Nm 2:
nm th 2, khi ngun cu tiu th c n nh, s lng khch hng trung
thnh tng ln v th trng c m rng th sn lng bn ra thc s c ci thin
r nt v c tnh bn c gn 56% lng khch hng ti a m ca hng c th phc
v vi cng sut ln nht. Gi bn lc ny s dao ng quanh mc 20.000VND/da. T
doanh thu d tnh s l 2,938,680,000 VND.
Nm 3:
D tnh doanh thu s t mc ti u do hiu qu sn xut cao hn 90%. Bn cnh
l tp hp c cc khch hng trung thnh v tm ra cc i tng khch hng tim
nng, nn d kin s p ng c 60% lng khch hng ti a m ca hng c th
phc v vi cng sut ln nht. Cng vi s tng gi cho ngang bng vi gi th trng
bn ngoi y mc gi ln mc va phi (22000 VND/ da), tng doanh thu
3,442,824,000 VND.
5.5 Bng chi ph hot ng (Ph lc 4)
14
*Gi c nguyn vt liu c tham kho trn th trng thc t.
5.6 Thay i vn lu ng (Ph lc 5)
- Qun thc hin bn hng ti ch, vi nhng khch hng c la chn th kh
nng n hu nh khng c. Do vy chnh lch khon phi thu l 0.
- Chi ph mua mt s NVL, cc khon phi tr d tnh bng 30% chi ph NVL
trc tip
- Cn i tin mt cho hot ng c tnh l 5% doanh s bn gp k k tip.
5.7 Bng cn i li/l (Ph lc s 6)
Din gii:
- Gi vn: tng gi vn tng ln khi nng sut hng nm tng ln. ng th cng
b nh hng bi lm pht.
- Chi ph gin tip: tng qua cc nm v:
- Lng nhn cng: Do tnh cht c th v s thm dng sc lao ng ca vic
lm bnh, cng vic ca nhn vin nhiu hn khi nng lc sn xut tng nn qua cc
nm th mc lng s c gia tng d trn s tha thun.
- Chi ph bo tr, cc chi ph khc: tng cng vi tc tng nng sut.
- Chi ph marketing: Trong k 1, nm u khi gia nhp th trng, chin dch
marketing s c tin hnh nhm thu ht s quan tm ca khch hng nn s chi nhiu
hn cc k cn li.
- Chi ph thu: i vi h kinh doanh c th th c 3 loi thu phi np: thu mn
bi, VAT, thu nhp.
5.8 Ngn lu t do: (Ph lc 7)
- Trn qun im ca ch s hu: trong giai on u t ban u (cui nm 2014),
ngn lu rng m do phi b chi ph ra u t. Nhng trong nhng nm sau, kt qu
hot ng kinh doanh rt tt do hot ng vi cng sut cao hn v lng khch hng
cng nhiu hn. Doanh thu t d n ln hn chi ph sn sut nn ngn lu rng s tng
qua cc nm. Do , ng trn quan im ca ch u t, d n ny mang li li ch
cho h.
- Trn quan im ca ngn hng: Vn vay c gii ngn vo nm 0, tr vn v
li trong vng 1.5 nm. Dng tin rng ca d n tng ln qua cc k (h s tr n DCSR
= 1.08 > 1) to ra dng tin thc hin ngha v tr n, m bo an ton cho Ngn
hng.
15
- Ngn sch nh nc: m bo c ngha v tr thu cc nm.
5.9 Chi ph vn
+ Chi ph vn ch s hu: re = 12%/nm.
+ Chi ph vn vay: rd = 14%/nm.
+ Thu thu nhp: 12%/nm.
+ Cng thc: WACC = re * E/(E+D) + rd*(1-T)* D/(E+D)
Trong :
+ re: t sut thu nhp mong mun ca ch s hu.
+ rd: li sut mong mun ca ch n.
+ E: gi th trng c phn ca cng ty.
+ D: gi th trng n ca cng ty.
+ T: thu thu nhp doanh nghip.
Do vy: Chi ph vn bnh qun trng s : WACC = r = 3.54 %/k.
5.10 Tnh ton cc tiu ch la chn d n: ( ph lc 8)
+ NPV d n = 1,986,542,460 VND.
+ NPV ch s hu = 1,986,542,460 VND
+ IRR = 1.60
+ H s an ton tr n: DSCR = 1.08
+ B/C thng = 1.443
+ Tpp = 0.798
Nhn xt cc tiu ch la chn d n:
+ Ta c: NPV d n v ch s hu u ln hn 0 => D n kh thi v mt ti chnh.
+ IRR > WACC, IRR > Re => Sut sinh li ni ti ca d n ln hn sut sinh li
k vng ca d n v ca ch s hu.
+ DSCR > 1 => D n to ra dng tin thc hin ngha v tr n.
+ B/C thng > 1 => Dng tin vo ca d n b p chi ph b ra.
+ Thi gian hon vn nhanh, trc vng i ca d n.
16
5.11 Bin dng ca dng ngn lu rng:
-200,000,000
-100,000,000
0
100,000,000
200,000,000
300,000,000
400,000,000
500,000,000
600,000,000
700,000,000
Nm 0 K 1 nm 1
K 2 nm 1
K 1 nm 2
K 2 nm 2
K 1 nm 3
K 2 nm 3
Nm 4
S 1. Bin dng ngn lu rng ca d n
17
Phn 6. PHN TCH RI RO
6.1 Phn tch nhy
Phn tch nhy mt chiu
- Bng 6.1 Phn tch nhy 1 chiu cho NPV theo chi u t nm 0.
Chi u t nm 0
NPV -106,344,690 -112,600,260 -118,855,830 -125,111,400 -131,366,970 -137,622,540 -143,878,110
1,986,542,460 2,005,309,170 1,999,053,600 1,992,798,030 1,986,542,460 1,980,286,890 1,974,031,320 1,967,775,750
- Bng 6.2 Phn tch nhy 1 chiu cho IRR theo chi u t nm 0.
Chi u t nm 0
IRR -106,344,690 -112,600,260 -118,855,830 -125,111,400 -131,366,970 -137,622,540 -143,878,110
1.600 1.819 1.738 1.666 1.600 1.540 1.485 1.435
Phn tch nhy 2 chiu
Bng 6.3 Phn tch nhy 2 chiu cho NPV theo chi u t nm 0.
NPV Chi u t nm 0
Su
t
chi
t t
nh
1,986,542,460 -106,344,690 -112,600,260 -118,855,830 -125,111,400 -131,366,970 -137,622,540 -143,878,110
2% 2,142,652,746 2,136,397,176 2,130,141,606 2,123,886,036 2,117,630,466 2,111,374,896 2,105,119,326
3% 2,052,047,500 2,045,791,930 2,039,536,360 2,033,280,790 2,027,025,220 2,020,769,650 2,014,514,080
4% 2,005,309,170 1,999,053,600 1,992,798,030 1,986,542,460 1,980,286,890 1,974,031,320 1,967,775,750
5% 1,885,292,571 1,879,037,001 1,872,781,431 1,866,525,861 1,860,270,291 1,854,014,721 1,847,759,151
6% 1,808,519,838 1,802,264,268 1,796,008,698 1,789,753,128 1,783,497,558 1,777,241,988 1,770,986,418
7% 1,735,773,785 1,729,518,215 1,723,262,645 1,717,007,075 1,710,751,505 1,704,495,935 1,698,240,365
8% 1,666,798,270 1,660,542,700 1,654,287,130 1,648,031,560 1,641,775,990 1,635,520,420 1,629,264,850
18
Nhn xt:
- Phn tch nhy 1 chiu: ta thy khi tng chi u t th NPV, IRR u gim, v ngc
li. Tc chi u t nghch bin vi NPV, IRR. Tuy nhin, NPV vn ln hn 0 => d n kh thi.
- Phn tch nhay 2 chiu: khi chi u t hoc sut chit tnh thay i th xc sut
NPV ln hn 0 l 1. => D n kh thi.
6.2 Phn tch kch bn
Phn tch kch bn
Bng 6.4 Kch bng 3 trng hp thay i ngn lu vo (chi u t v WACC).
Trng hp Chi u t WACC
TH 01 Tt 100,089,120 2%
TH 02 Trung bnh 125,111,400 4%
TH 03 Xu 150,133,680 6%
Bng 6.5 Bng phn tch kch bng thay i ngn lu vo theo Scenario Summary.
Current
Values: kch bn tt Kch bn trung
bnh Kch bn xu
Changing Cells:
$B$4 125,111,400 100,089,120 125,111,400 150,133,680
$B$5 0.035386097 0.02 0.035386097 0.06
Result Cells:
$B$7 1,986,542,460 2,123,886,036 1,986,542,460 1,789,753,128
Nhn xt
Gi nh cc yu t khc khng i, xt cc kch bn ca chi u t ban u v s bin
ng ca chi ph s dng vn.
- Nu d n xy ra theo kch bn tt, WACC gim xung cn 2% v chi ph u t ban
u l 100,089,120 VND thp hn d tnh ban u l 125,111,400 VND th NPV tng.
- Nu d n xy ra theo kch bn xu, WACC tng ln mc 6% v chi u t ban u
tng ln 150,133,680 VND th NPV ca d n gim.
19
Phn 7. NHN XT V KT LUN
D n rt c tim nng pht trin trong tng lai. Ngoi vic c a im thun
li th d n cn c th trng nguyn vt liu v tiu th tng i ln v n nh. Do
m bo c s n nh ca qu trnh hot ng trong sut vng i d n. Thng
qua chnh sch gi, qun l, marketing... mt cch ti u, d n cng c tnh cnh tranh
trn th trng.
Hn na, qua qu trnh phn tch, c th nhn thy kt qu kinh doanh kh thi trong
tng lai gn. C th:
- Hiu qu ti chnh:
+ NPV d n = 1,986,542,460 VND.
+ NPV ch s hu = 1,986,542,460 VND.
+ IRR = 1.60
+ Tpp = 0.798
D n c NPV > 0, IRR ln hn WACC v Re rt nhiu. Thi gian hon vn t hn
1 nm, nh hn vng i ca d n, t sut sinh li ca d n rt cao. T nhng phn
tch trn, d n c nh gi l c tnh kh thi v mt ti chnh.
Kt qu phn tch nhy cho thy: NPV t b nh hng tiu cc khi cc yu t:
chi u t nm 0 v t sut chit khu thay i.
Kt qu ca phn tch kch bn cho thy: vi 3 kch bn khc nhau th chi u t
nm 0 v s bin ng ca chi ph s dng vn khng phi l yu t tc ng xu n NPV.
Tm li: Qua vic phn tch tnh kh thi ca d n, li ch kinh t v x hi m d n
mang li. Chng ti tin rng d n s thnh cng khi thc hin.
20
PH LC 1. BNG THNG S
0 1 2 3
2014 2015 2016 2017
K I K II K I K II K I K II
BNG THNG S
Thng tin u t (VND)
Tng chi ph u t my mc thit b, cng c , dng c
34,785,000 1,300,000
Chi ph u t, sa cha, bi tr qun 60,000,000
Thi gian khu hao my mc thit b 5 nm
Vng i kinh t ca my mc thit b 10
nm
Thng tin sn xut
c tnh cng sut
S lng da/ k 34,992 46,656 74,358 74,358 78,732 78,732
c tnh s lng bn ra
S lng bn bnh qun(da)/k 32,400 44,064 72,576 72,576 77,760 77,760
T l cn i tin mt (CB)/Doanh s bn gp k k tip
0.05
T l khon phi tr (AP)/Tng chi ph trc tip 30%
Chi ph trc tip/da
Gi
(VND)
CP lm bnh bo
Go 2000
Tm (lm bnh bo+ch bng) 1000
bt nng 500
Mc 1500
21
du 500
Rau 250
ng 150
Nc mm 1000
Mui 30
Bt ngt 150
t, ti, hnh 1,000
Cc loi NVL khc
in, gas, nc/ chi ph NVL sn xut bnh bo 12%
Chi ph tng cng
Lao ng (tng cng) 12,600,000 /thng
Tc tng lng, khng k lm pht 5% /nm
Chi ph gin tip
Lao ng (tng cng) 7,800,000 /thng
Tc tng lng, khng k lm pht 5% /nm
Tin thu t 10,000,000 /nm
Bo tr/Tng chi ph trc tip 0.8%
Chi ph khc/Tng chi ph trc tip 0.3%
Chi ph bn hng (tip th qung co) 12,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000
Thng tin ti tr
Vay n VND 70,000,000
Li sut danh ngha 14% /nm
Li sut thc 8.6% /nm
li sut danh ngha 7.0% k
K hn 1.5 nm
Chi ph vn ch s hu 12% nm
WACC 3.54% k
22
Thng tin khc
Thi gian vn hnh 3 nm
Lm pht Vit Nam 5%
T l gim gi cui ngy( p dng ch vi sn phm bnh bo) 50%
Thu
Thu thu nhp h kinh doanh 12% 12% 12% 12%
VAT 2% 5% 5% 5% 5% 5% 5%
Thu mn bi 1,000,000
1,000,000
1,000,000
1,000,000
Ch s gi Vit Nam qua cc nm 1 1.05 1.05 1.1025 1.1025 1.157625 1.157625
23
PH LC 2. BNG CHI U T V BNG KHU HAO
Nm
0 1 2 3
2014 2015 2016 2017
K I K II K I K II K I K II
Chi ph u t my mc thit b, cng c, dng c 34,785,000 1,300,000 Chi ph u t, sa cha, bi tr 60,000,000 Tng chi ph u t 94,785,000 1,300,000
Nm
0 1 2 3
2014 2015 2016 2017
K I K II K I K II K I K II
Khu hao my mc thit b 0 3,478,500 3,478,500 3,608,500 3,478,500 3,478,500 3,478,500
Lch khu hao hp nht
Ti sn c nh rng u k 0 94,785,000 91,306,500 87,828,000 85,519,500 82,041,000 78,562,500
Khu hao 0 3,478,500 3,478,500 3,608,500 3,478,500 3,478,500 3,478,500
Khu hao ly tch 0 3,478,500 6,957,000 10,565,500 14,044,000 17,522,500 21,001,000
u t mi 94,785,000 0 0 1,300,000 0 0 0
Ti sn c nh rng cui k 94,785,000 91,306,500 87,828,000 85,519,500 82,041,000 78,562,500 75,084,000
24
PH LC 3. BNG LI VAY V LCH TR N
Nm
0 1 2 3
2014 2015 2016 2017
K I K II K I K II K I K II
D n u k 0 70,000,000 48,226,383 24,928,614
Gii ngn n 70,000,000 0 0 0
Tr li vay 0 4,900,000 3,375,847 1,745,003
Tr n gc 0 21,773,616.598 23,297,769.760 24,928,613.643
Tr li vay v n gc 0 26,673,617 26,673,617 26,673,617
D n cui k 70,000,000 48,226,383 24,928,614 0
CF n hp nht 70,000,000 -26,673,617 -26,673,617 -26,673,617
25
PH LC 4. BNG CHI PH HOT NG
Nm
0 1 2 3
2014 2015 2016 2017
K I K II K I K II K I K II
Chi ph trc tip go 73,483,200 97,977,600 163,959,390 163,959,390 182,284,263 182,284,263
Tm (lm bnh bo+ch bng) 36,741,600 48,988,800 81,979,695 81,979,695 91,142,132 91,142,132
bt nng 18,370,800 24,494,400 40,989,848 40,989,848 45,571,066 45,571,066
Mc 55,112,400 73,483,200 122,969,543 122,969,543 136,713,197 136,713,197
du 18,370,800 24,494,400 40,989,848 40,989,848 45,571,066 45,571,066
Rau 9,185,400 12,247,200 20,494,924 20,494,924 22,785,533 22,785,533
ng 5,511,240 7,348,320 12,296,954 12,296,954 13,671,320 13,671,320
Mm 36,741,600 48,988,800 81,979,695 81,979,695 91,142,132 91,142,132
Mui 1,102,248 1,469,664 2,459,391 2,459,391 2,734,264 2,734,264
Bt ngt 5,511,240 7,348,320 12,296,954 12,296,954 13,671,320 13,671,320
t, ti, hnh 36,741,600 48,988,800 81,979,695 81,979,695 91,142,132 91,142,132
in, gas, nc/ chi ph tr tip 22,397,679 29,863,572 49,974,822 49,974,822 55,560,243 55,560,243
Lao ng (tng cng) 75,600,000 75,600,000 79,380,000 79,380,000 83,349,000 83,349,000
Tng chi ph trc tip 394,869,807 501,293,076 791,750,758 791,750,758 875,337,666 875,337,666
Chi ph gin tip Lao ng (tng cng) 46,800,000 46,800,000 49,140,000 49,140,000 51,597,000 54,176,850
Tin thu t 60,000,000 60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
Bo tr/Tng chi ph trc tip 3,158,958 4,010,345 6,334,006 6,334,006 7,002,701 7,002,701
Chi ph khc/Tng chi ph trc tip 1,184,609 1,503,879 2,375,252 2,375,252 2,626,013 2,626,013
Chi ph bn hng(tip th qung co) 12,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000
Tng chi ph gin tip 123,143,568 116,314,224 121,849,258 121,849,258 125,225,714 127,805,564
Tng chi ph 518,013,375 617,607,300 913,600,016 913,600,016 1,000,563,380 1,003,143,230
Tng chi ph trc tip v khu hao 398,348,307 504,771,576 795,359,258 795,229,258 878,816,166 878,816,166
Tng gi vn hng bn ra trong k 398,348,307 504,771,576 795,359,258 795,229,258 878,816,166 878,816,166
26
PH LC 5. THAY I VN LU NG
Nm 2014 2015 2016 2017
K I K II K I K II K I K II
Khon phi thu (AR)
Thay i AR (u nm - cui nm)
Khon phi tr (AP) 118,460,942 150,387,923 237,525,227 237,525,227 262,601,300 262,601,300
Thay i AP (u nm - cui nm) -118,460,942 -31,926,981 -87,137,304 0 -25,076,072 0
Cn i tin mt (CB) 30,326,400 40,824,000 73,467,000 73,467,000 86,070,600 86,070,600 0
Thay i CB (cui nm - u nm) 30,326,400.000 10,497,600 32,643,000 0 12,603,600 0 -86,070,600
27
PH LC 6. BNG CN I LI / L
Bo co thu nhp 0 1 2 3 4
2014 2015 2016 2017 2018
Nm K I K II K I K II K I K II k I
Doanh s bn gp 606,528,000 816,480,000 1,469,340,000 1,469,340,000 1,721,412,000 1,721,412,000 0
Tr: VAT 30,326,400 40,824,000 73,467,000 73,467,000 86,070,600 86,070,600 0
Doanh s bn rng 576,201,600 775,656,000 1,395,873,000 1,395,873,000 1,635,341,400 1,635,341,400 0
Chi ph hot ng
Gi vn hng bn 398,348,307 504,771,576 795,359,258 795,229,258 878,816,166 878,816,166 0
Chi ph gin tip 123,143,568 116,314,224 121,849,258 121,849,258 125,225,714 127,805,564 0
Tng chi ph hot ng 521,491,875 621,085,800 917,208,516 917,078,516 1,004,041,880 1,006,621,730 0
Li nhun trc li vay v thu (EBIT)
54,709,725 154,570,200 478,664,484 478,794,484 631,299,520 628,719,670 0
Cng: Thu nhp t li tin gi khng k hn
Tr: Li vay 4,900,000 3,375,847 1,745,003 0 0 0 0
Thu nhp t thanh l ti sn 18,042,500
Li nhun trc thu 49,809,725 151,194,353 476,919,481 478,794,484 631,299,520 628,719,670 18,042,500
Thu nhp chu thu 49,809,725 151,194,353 476,919,481 478,794,484 631,299,520 628,719,670 18,042,500
Thu thu nhp doanh nghip 5,977,167 18,143,322 57,230,338 57,455,338 75,755,942 75,446,360 0
Thu mn bi 1,000,000 1,000,000 1,000,000
Li nhun sau thu 43,832,558 132,051,030 419,689,143 420,339,146 555,543,577 552,273,309 18,042,500
28
PH LC 7. BO CO NGN LU
Nm
0 1 2 3 4
2014 2015 2016 2017
K I K II K I K II K I K II k I
Ngn lu vo
Doanh thu rng 576,201,600 775,656,000 1,395,873,000 1,395,873,000 1,635,341,400 1,635,341,400 0
Thay i AR (u k - cui k)
Li tin gi khng k hn
Thanh l ti sn 18,042,500
Tng ngn lu vo
576,201,600 775,656,000 1,395,873,000 1,395,873,000 1,635,341,400 1,635,341,400 18,042,500
Ngn lu ra
Chi ph hot ng 521,491,875 621,085,800 917,208,516 917,078,516 1,004,041,880 1,006,621,730 0
Thay i AP (u k - cui k)
-118,460,942 -31,926,981 -87,137,304 0 -25,076,072 0 0
Thay i CB (cui k - u k)
30,326,400 10,497,600 32,643,000 0 12,603,600 0 -86,070,600 0
Thu thu nhp doanh nghip
5,977,167 18,143,322 57,230,338 57,455,338 75,755,942 75,446,360 0
Chi ph u t 94,785,000 0 0 1,300,000 0 0 0 0
Tng ngn lu ra 125,111,400 419,505,700 639,945,142 888,601,549 987,137,454 1,054,721,750 995,997,491 0
Ngn lu t do ca d n
-125,111,400 156,695,900 135,710,858 507,271,451 408,735,546 580,619,650 639,343,909 18,042,500
Ngn lu t do tch ly ca d n
-125,111,400 31,584,500 292,406,758 642,982,309 916,006,997 989,355,196 1,219,963,559 657,386,409
29
Ngn lu t do chit khu ca d n
-125,111,400 151,340,549 126,593,072 473,190,223 368,243,780 523,100,026 556,320,694 15,699,557
Ngn lu t do chit khu tch ly ca d n
-125,111,400 26,229,149 277,933,620 599,783,294 841,434,003 891,343,807 1,079,420,720 572,020,251
Ngn lu t do ca ch s hu
-55,111,400 130,022,283 109,037,241 480,597,834 408,735,546 580,619,650 639,343,909 18,042,500
Ngn lu t do ca ch n
-70,000,000 26,673,617 26,673,617 26,673,617
NPV d n trn ngn lu t do ca d n 1,986,542,460
NPV trn ngn lu t do ca ch s hu 1,788,454,233
Thi gian hon vn ca d n 0.798
IRR d n 1.600
IRR ch s hu 2.73
Nm
0 1 2 3
2014 2015 2016 2017
K I K II K I K II K I K II
DSCR 1.08 1.000 1.204 1.052 1.072 1.000 1.204 1.052
TIU CH THNG
NPV d n trn ngn lu vo ca d n 6,468,120,988
NPV d n trn ngn lu ra ca d n 4,481,578,528
B/C 1.443
TIU CH SA I
NPV d n trn ngn lu t do ca d n (khng tnh dng tin nm 0) 2,111,653,860
B/C 22.01
30
TI LIU THAM KHO
1. Phc Minh Hip, L Th Vn an (2007), Thit lp v thm nh d n u t,
NXB Thng K.
2. Ng Thanh Tr, Bi ging mn hc Thm nh v Qun l d n trn forum
www.ecoforumvn.com.
3. Eugene F.Brigham & Joel F.Houston (tc gi), Khoa TCNH Khoa Kinh t HQG
TP.HCM (dch) Qun tr ti chnh.
4. Nhm Sunshine Ac, tng tham gia cuc thi khi nghip kinh doanh 2012 Bnh bo
BaBeVi.
5. Tng cc thng k, Tnh hnh kinh t - x hi 6 thng u nm 2014:
http://www.gso.gov.vn/default.aspx?tabid=403&&ItemID=15038
6. Nhng mn n truyn thng Vit - Bnh bo: http://yume.vn/news/du-lich/le-hoi-van-
hoa/nhung-mon-an-truyen-thong-viet-banh-beo-35A799AB.htm
7. Th tc Cp Giy chng nhn ng k kinh doanh h kinh doanh c
th:http://www.lamdong.gov.vn/viVN/congdan/Lists/ThuTuc/DispForm.aspx?ID=753&Sourc
e=/viVN/congdan/Pages/default.aspx?q%3D%26cr%3D1%26c%3D%26o%3D25