Cav Banana, et al

We export all-in pack

packing8

dsc08552

unnamed

1n

You can email me directly at sembawangtrading.co@gmail.com

We also offer Banana Chips, Coconurt  Sugar, Banana Chips, Pineapples, etc.

Change Has Come to America’s Credit Cards

The new federal credit card rules finally took effect Monday to regulate the business that eaten America alive over the past years.   As per report, the rules, passed by Congress in May, seek to “level the playing field” between consumers and credit card companies, President Obama said.  Nonetheless, new regulatory bodies are needed to replace the fractured oversight of seven regulatory bodies that failed to prevent the abusive credit card practices. 

Among the changes that took effect Monday:

  • Increased interest rates cannot be applied retroactively to existing balances. New rates can apply only to new charges.
  • The interest rate on a fixed-rate credit card cannot be increased during the first year an account is open unless the customer is more than 60 days behind in making a payment.
  • Banks cannot automatically sign up customers for programs that allow them to exceed their credit limit for a set fee. Customers must proactively opt-in to such programs.
  • Fees on a credit card, such as the annual fee, cannot be more than 25% of the card’s initial credit limit.
  • People younger than 21 must show they can make credit card payments or have a co-signer to open an account.
  • Bills must denote how long it would take to pay off the card’s balance if only the minimum payment is made, and how much in total the customer would end up paying.
  • Payments over the minimum must be applied to the balance with the highest interest rate.
  • The due date for credit card payments must be the same every month, and payments cannot be due earlier than 5 p.m. on a business day. Customers have until the next business day when a due date falls on a weekend or a holiday.
  • Those provisions follow ones that took effect in August requiring banks to notify customers at least 45 days before increasing a card’s interest rate and to mail statements 21 days before the bill is due, up from 14 days.

The new rules are expected to help consumers but critics say it won’t solve all the problems. 

But as mentioned by one customer, “at least we’re no longer going to get run over by the train from behind,” he said. “Now we can see it coming and maybe jump to the next track.”

How to make a Procurement Manual?

There are given outline already, provided by known companies and institution.  You just need to modify in accordance to company set-up.  Same with admin and other department, there are consultancy firms that offer effective systems and procedure fits to every type of business (e.g. SAP, etc.) 

Overview 

Section I:      Conflict of Interest, Code of Ethics, Minority Business Enterprise 

  • Conflict of Interest
  • Code of Ethics
  • Minority Business Enterprise Program 

Section II:     Recommended Purchasing Procedures 

  • The Requisition/Purchase Order
  • Attachment A
  • Purchase Order Guidelines
  • Invoice Processing
  • Taxes and Exemptions
  • Purchasing Radioisotopes
  • Purchasing Tax-Free Alcohol
  • Purchasing Controlled Substances (Narcotics)
  • Purchasing Needles and Syringes
  • Duty-Free Entry for Scientific Equipment 

Section III:   Guidelines on Purchasing Practices 

  • Selecting Qualified Vendors
  • Preparing and Evaluating a Bid
  • Negotiation Techniques
  • Equipment Maintenance and Service Agreements
  • Purchasing Capital Equipment
  • Receiving Purchases
  • Managing Vendor Relationships 

Section IV:    Federal Procurement Requirements 

  • Overview of Federal Procurement Requirements
  • Purchasing with Contract Funds
  • Federal Acquisition Regulation
  • Purchasing with Grant Funds
  • Office of Management and Budget Circular A-110
  • Subcontracting Plans for Small and Small Disadvantaged Businesses
  • Debarment

Section V:      Federal Procurement Reporting Policy

  • Procedures for Reporting Purchasing Accomplishments under Federal Contracts

Section VI:    Additional Resources

  • Personal Purchases
  • Credit Applications and References
  • Standing and Blanket Purchase Orders

How to make an Admin Manual?

Practically, you should first outline the task involve.  Outline and Procedure may depend on how big or small the company is.  These days, there are consultancy firm that offer effective systems and procedure fit to every type of business (e.g. SAP, etc.) 

Suggested Outline:

I.           ORGANIZATION

 A.    OBJECTIVES

 B.    FUNCTIONS 

  1. MANAGEMENT RESPONSIBILITY
  2. ORGANIZATION
  3. ADMINISTRATION
  4. AUTHORITY
  5. ENGINEERING
  6. INTERDEPARTMENTAL RELATIONS
  7. MAINTENANCE
  8. WORK CONTROL
  9. SAFETY
  10. FACILITIES PROTECTION
  11. UTILITIES
  12. ENVIRONMENT
  13. MAINTENANCE ASSESSMENT

C.  ORGANIZATIONAL CHART 

D.  MAINTENANCE SECTION 

II.        FINANCIAL

A.  BUDGET 

B.  CAPITALIZATION 

C.  PURCHASE ORDER 

D.  EQUIPMENT ACQUISITION 

E.   LEASING 

F.   SERVICE CONTRACTS

 
III.     PERSONNEL (HUMAN RESOURCES) 
 

 

A.  EMPLOYEE ORIENTATION 

B.  JOB DESCRIPTIONS 

C.  HOURS OF WORK 

D.  OVERTIME 

E.   VACATION/TIME OFF 

F.   APPRAISALS 

G.  TRAINING 

H.  WORK RULES AND PERSONAL SAFETY 

 

 

IV.       OPERATIONS 

A.  ADMINISTRATION 

B.  FACILITY INSPECTIONS 

C.  ENGINEERING 

D.  MAINTENANCE RESPONSIBILITIES 

E.   WORK CONTROL 

  1. PREVENTIVE MAINTENANCE PLAN
  2. PREDICTIVE MAINTENANCE PLAN
  3. CONTRACTOR SERVICES PLAN
  4. SHIFT WORK LOG
  5. MAINTENANCE WORK REQUEST
  6. MAINTENANCE WORK ORDER
  7. WORK ORDER CODES
  8. PRIORITY CODES

F.   MAINTENANCE STORES AND SPARES ORGANIZATION 

G.  ENVIRONMENTAL CONCERNS 

H.  SAFETY PROGRAM 

  1. MAINTENANCE SAFETY PROGRAM
  2. ILLNESS & INJURY SAFETY PROGRAM
  3. SAFETY TRAINING PLAN
  4. SAFETY COMMITTEE
  5. ELEVATORS
  6. CRANES & HOISTS
  7. LADDERS, PORTABLE
  8. STAIRWAYS & LADDERS, PERMANENT
  9. PORTABLE POWER TOOLS, LIGHTS, & EXT. CORDS
     

I.   FACILITIES PROTECTION 

  1. FACILITY SECURITY
  2. COMPUTER SECURITY
  3. FIRE PROTECTION SYSTEM
     

J.   UTILITIES 

K.  BUDGET 

  1. OTHER DEPARTMENT MAINTENANCE BUDGETS
  2. CAPITAL PROJECTS BUDGET
  3. MAINTENANCE DEPARTMENT BUDGET

L.   CMMS JUSTIFICATION AND RECOMMENDATIONS 

  1. MACHINERY HISTORY
  2. WORK ORDERS
  3. PREVENTIVE MAINTENANCE
  4. OTHER FEATURES
     

Others: 

  1. JOB DESCRIPTIONS
  2. CONFINED SPACE
  3. RESPIRATORY PROTECTION
  4. Maintenance Audit

How to make a S.W.O.T. Analysis?

S.W.O.T. is an acronym:

  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

 Basically, it is a management analysis outline based on an imaginary situation.  With it, management can plan further based on either practical or scientific approach. Scenarios are graphically described to know the present situation and realities, and what lies ahead (both opportunities and threats). Somehow, it’s a combination of bird’s eye view and devil’s advocate correlate to business.   To make it is to make a table.  You can google the illustration for a clearer view and understanding, if in any case you haven’t seen it yet.  Under each heading (The S.W.O.T.s), the reporting person will define the existing realities and suggested action point per point.  Top management will discuss them in the group to either agree or disagree.

How to Avoid Export Businesses Common Mistakes?

First and foremost is to be aware of the common mistakes:

If you are planning to enter an export business, it is adviseable to first learn for the documented common mistakes and suggested solution of those who first enter it before you: 

Lack of export counseling before developing the international marketing plan.  

Suggested Solution:

Seek Export Counseling and study further 

Insufficient commitment by top management to exporting. 

Suggested Solution:

Analyze the readiness 

Fall short in establishing agent/distributor’s commitment due to lack of solid agreement 

Suggested Solution:

Understand well your contract Agent/Distributor and build goodwill relationship with them 

Relying too much on chasing importers through the internet without solid e-commerce plan and effective approach. 

Suggested Solution:

Avoid Accidental Exporting and time wasters in the internet. 

Failure to understand the connections and to find reliable partners 

Suggested Solution:

Understand Export Financing between country risk and securing export financing.

Failure to understand the importance of Intellectual Property Rights 

Suggested Solution:

Understand Intellectual Property Rights

Insufficient attention to marketing and advertising requirements. 

Suggested Solution:

Pay Attention to Overseas Marketing and Advertising 

Lack of attention to product preparation.

Suggested Solution:

Do your assignment in the Product Preparation Requirements 

Neglect to consider legal aspects of going global. 

Suggested Solution:

No one have it all.  Understand further Licensing and the importance of joint ventures 

Failure to know the rules of trade and export. 

Suggested Solution:

Don’t rely too much on your perception.  Understand Export Regulations and better to have a consultant partners for effective procedure and effective international standards

I recommend Exporting, Importing and E-Commerce by Sharon T. Freeman, Ph.D.(A detailed guide on international trade). 

Do’s:

  • Educate yourself and take it to the college level.
  • Visit and participate trade shows and trade missions. 
  • To begin, start on a very small scale.
  • Learn from other and from your expoerience.
  • Join an international trade association and organization specializing in your business.
  • Visit your suppliers and customers.
  • Take advantage of online resources such as http://www.sba.gov/oit.
  • Inspect and approve merchandise before it is shipped.
  • Consider hiring a trade consultant.
  • Be familiarized with all monetary transactions.
  • Utilize a trade lawyer for agent and distributor agreements and licensing requirements.

How to establish your business in the Philippines?

Type of company:

• Foreign Branch
• Foreign Representative Office
• 100% fully foreign owned Domestic Corporation
• 60/40 owned Domestic Corporation

There are available consultancy firm that can assist and help assess those who need investment vehicle best for the owner and the company. Such services will be provided:

• Procedure
• Planning
• Registration to relevant Philippine government agencies (e.g Securities and Exchange Commission, Department of Trade and Industry, Bureau of Internal Revenue, etc.)

Added services will be as follows:

• Determine Capital Requirement
• Assist in the opening of local bank account
• Register and secure company name with Securities and Exchange Commission or with Department of Trade and Industry
• Identify Shareholders, Directors, Nominees and Incorporator
• Draft Articles of Incorporation and By-Laws
• Process documents with Securities and Exchange Commission, Board of Investment, Philippine Economic Zone Authority, Bureau of Internal Revenue, Social Security System, etc
• Process Mayor Permit and Business Permit
• And whole lot more depending on capacity of the firm and where in the Philippines it is intended to establish its office/s.

Please be advice to get only credible and honest consultancy firm to avoid loss of time and money. The consultancy firm will also mention the existing realities and limitation with concerns to facility, national economic status, negative reports and things to expect.

Eligible businesses may then register their businesses with Philippine Economic Zone Authority, Board of Investment, etc. Incentives such as income tax holidays and special tax regimes are available to foreign investment.

Most foreign investors usually start through a Domestic corporation or a Branch. We recommend to register as corporation as there are administrative regulations. Branches, which may be more advantageous tax wise, cannot be used if the activities to be undertaken are included in the Foreign Investment Negative list. Corporations can accommodate Philippine ownership.

Forming or registering a corporation has to comply with the following requirement:

• Minimum of 5 incorporator, each of whom must be actual persons and hold at least a single share in the company.
• Majority of the incorporator must be Filipino.
• A Corporation must have between 5 and 15 directors, each of whom must have at least one share of stock.
• Majority of the directors (or trustees) must be Philippine residents.
• All Domestic Corporations (those incorporated in the Philippines) must obtain their license with the Securities and Exchange Commission
• Philippine Securities and Exchange Commission requires the following:

– Has to reserve and register a company name
– Has to submit proposed Articles of Incorporation and By-Laws in compliance with the Corporation Code of the Philippines
– Proof of minimum capitalization required to every industry or business the corporation is engaged in
– Has to have the minimum paid-up capital requirement for a corporation or where the foreign equity exceeds 40% is US$200,000, which must be remitted into the Philippines
– Must employ at least 50 employees.

All other details related to start-up, branch establishment and export oriented firms will be explained further by the consultancy firm. The issuance of a certificate of incorporation from the SEC signifies the commencement of corporate existence and juridical personality for a company.

Businesses must also register with the following agencies:

• Bureau of Internal Revenue
• Social Security System
• Home Development Mutual Fund
• Philippine Health Insurance Corporation
• And the local government unit where its principal office will be located.

If the business wish to operate as sole beneficial owner of the business, it should be  registered to the Department of Trade and Industry and with the Beureu of Internal Revenue and must also register its business name with the Department of Trade and Industry through the Bureau of Trade Regulation and Consumer Protection.

Other details will be explained further by the consultancy firm or the entrepreneur.  You can inquire directly to Department of Trade and Industry.