mang inasal philippines, inc

8/4/2019 Mang Inasal Philippines, Inc

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MANG INASALPHILIPPINES, INC.

Financial Management and Operation

Paul Gabriel A. LarozaReymuel Martinez

Katherine Louise A. RogacionNico Veridiano


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Company Background

Established on December 12, 2003 in Iloilo City

Fastest growing barbeque fast food chain

354 branches to date

Manila Corporate Office is located at 2316 AuroraBoulevard, Tramo St., Pasay City

Iloilo Corporate Office is located at Four SeasonHotel, Delgado St., Iloilo City.

As of November 22, 2010, Mang Inasal Philippines,Inc. operates as a subsidiary of Jollibee FoodsCorp.


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Primary Purpose

To engage and carry on the business of operating,managing a restaurant, caf and fast food businessor enter into a franchise agreement for theoperation thereof; to buy, sell, lease or otherwise

dispose of and operate, conduct, furnish, equip andmanage restaurant, eating houses, taverns, cafes,and places of entertainment.


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ompany ss on, s onand Corporate Social

Responsibility The vision of the company is to be the preferredquick service restaurant of every pinoy everywhere.

The mission of the company is to consistentlyprovide our customers a great pinoy diningexperience.


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Responsibility Mang Inasal donated P85,000 to build one homefor the Gawad Kalinga Foundation last July 9, 2010


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Responsibility Mang Inasal donated P100,000 to SOS ChildrensVillages Iloilo in celebration of hitting the 250thbranches nationwide mark.


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Responsibility Mang Inasal distributes 800 packs of rice (5 kiloseach) to fire victims of Brgy. Nabitasan, La Paz,Iloilo City on January 25, 2010.


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Responsibility Mang Inasal Forest This project will educatepeople to be sustainable by taking care of theenvironment. Mang Inasal is committed towards aclean environment and better livelihood for the

Filipino people.


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Company Updates

The opening of the 300th branch was opened at theGround Floor, Entertainment Mall, SM Mall of Asiaon October 1, 2010.

Mang Inasal Philippines Inc. is preparing for itsplanned Initial Public Offering (IPO) in the firstquarter of 2011 as it remains confident of goodbusiness potential and further expansion.

The commissary at Manalac Industrial Estate in

Bagumbayan, Taguig is now fully operational. Thisis compliant with Triple A meat processing plantstandards.


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Company Updates

December 2009 Chairman Edgar Sia II signed acontract with the companys Philippinerepresentatives to use Oracles ERP software. (thruActive Business Solutions)

September 2010 - Metro Manila residents can startdialing the centralized number 733-1111 and givetheir Mang Inasal orders for delivery anywhere inthe metropolis.

The 1st Mang Inasal Franchise Conference will bescheduled on the first quarter of 2011 at least amonth before the company goes public and givesits Initial Public Offering (IPO).


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Franchise Details

Franchise Fee: P1.1M + 12% VAT

Includes tried and tested operation support, useof brand/trade name, opening marketing supportand training support

Franchise Term: 7 years (renewable)

Product Security Deposit: P400,000.00

Space Requirement: 150 to 200 sq. meters

Royalty/Service Fee: 5% of Gross Sales

Advertising Fee: 2% of Gross Sales

Renovation Estimated Cost: 4.5M to 5.5M


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r g n aIncorporators/Stockhold

ersEdgar J. Sia, Sr. Edgar J. Sia II

Ferdinand J. Sia Pacita J. Sia

Shella A. Sia


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Original Paid Up Capital

Name of Incorporators AmountSubscribed

Amount ofPaid Up

% Ownership

Injap Investment Inc. 1,187,500.00 296,875.00 95%

Edgar Sia II 12,500.00 3,125.00 1%

Edgar Sia Sr. 12,500.00 3,125.00 1%

Ferdinand Sia 12,500.00 3,125.00 1%

Pacita Sia 12,500.00 3,125.00 1%

Shella Sia 12,500.00 3,125.00 1%


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enera n orma onSheet (GIS) As of

December 7, 2009Name of Incorporators AmountSubscribed Amount of PaidUp % Ownership

Injap Investment Inc. 1,187,500.00 296,875.00 95%

Edgar Sia II 12,500.00 3,125.00 1%

Edgar Sia Sr. 12,500.00 3,125.00 1%

Ferdinand Sia 12,500.00 3,125.00 1%

Pacita Sia 12,500.00 3,125.00 1%

Shella Sia 12,500.00 3,125.00 1%


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Latest CorporateOfficers

Edgar J. Sia IIChairman /CEO

Ferdinand J.SiaPresident /COO

ElmerHementeraVP -

Operations

James DyVP -Commissary


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Shella A. SiaEVP -Treasury

Venancio C.ParconVP - Finance

Jess NemenzoCorporate HR

Manager

Gil PangilinanAbela Jr.

VP - Training


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Marvin RamosBusinessDevelopmentHead

Enri Ruiz DeLuzuriaga

Marketing Manager

l i f h C


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Analysis of the CompanysCorporate Structure andManagement

A l i f h C


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Analysis of the CompanysCorporate Structure andManagement Business Development Department was created on

January 2009 which made a big impact on MangInasals growing status.

The new commissary at Manalac Industrial Estatein Bagumbayan, Taguig became fully operationallast February 2010.

Operations department revised the Operationsmanual for the five basic stations namely, kitchen,

counter, quality control, dining and grill.

The training center is part of the companys thrust inimproving operations, services and food quality.

The certification program for employees will soon become

a requirement prior to the opening of any new Mang

A l i f h C


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Analysis of the CompanysCorporate Structure andManagement Jollibee Foods Corporation acquired 70% of Mang

Inasal Philippines, Inc.

Of the estimated P3 billion transaction price,Jollibee has paid P200 million to parent firm InjapInvestments Inc., which will continue to hold 30% ofMang Inasal.

Two board seats in the new organization arereserved for Edgar J. Sia II and Ferdinand Sia who

will still be part of the management committee forthe coming years.

na s s o t e


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na ys s o t eCompanys Comparative

Financial Statements


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Sales

In 2009 Systemwide sales grew by 41%. FromPhP 77,150,254.33 in 2008 to 131,581,432.14 .This sharp increase in mainly due to increase infranchise, specially in Mega Manila.

mang inasal philippines, inc

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