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Urban Fashion: MKS the heart of the freedom (MKS (Costumers (Mexico City,…
Urban Fashion: MKS the heart of the freedom
Organizational Philosophy
Visión
Position the brand in the mexican market as one of the best options in clothes production, with innovative designs and the best quality
Values
Return policies: doesn't have formal policies, but it accepts returns
Fidelity: generate commitment with the company
Collective talent: enhance the spirit of collaboration among all members of the company.
Integrity: accountability in a responsible way Effort: to offer authentic products and of quality.
Mission
Seeks to provide young people with modern concept products and unique designs at affordable prices
MKS
It is a mexican faily businnes, created in 2015 for urban t-shirts with innovative, avant-grade and varied designs.
The company expanded to the city of Guadalajara at the end of 2019
Costumers
Mexico City
Texcoco and a shop in historic center
Guadalajara
Its growth expectation in sales is 100% for the next five years (20% per year) regarding March 2019
Require an investment of three million pesos
Suppliers : textiles Karkusa and small producers
Industry
Textile industry
Represents 1.4% of total globlal trade
Strong presence of SMEs
Urban fashion type
Focused on young people
Affordable prices
Competitors
Mission Brand
Payeras Areas Urban Wear
The main differentiator is the value proposition that is based on the constant innovation of its collection
Conford
Regulations
Minimun labor and salary conditions
Financial Situation
Collection and payment policies
Supplier payment policy covers them in full 30 days after the issue
20 days of credit
MKS does not currently have accounts in pending payments
The company has no overdue collection
Fixed assets
Annual depreciation rates: Computer equipment 30%, office equipment 10%, production equipment 10%, transportation equipment 25%
Straight line method
Financial statements
It considers the costs and expenses of the basic T-shirt line.
(It includes productions and operations costs and expenses)
Monthly or Quarterly
Property $2,200,000.00, machinery and other assets $500,000.00, working capital (salaries of five employees, purchase of fabrics and supplies, indirect manufacturing expenses) $300,000.00.
Inventory cicle
Purchase order for raw material
Production order
Reception of the raw material, it enters the warehouse
Reception of the customers order :
T-shirts and designs
T-shirts are the half of the entire sales thanks to the creatives designs
The production process depends on the design chosen by the costumer
According to the product profit margins, the best product is the basic plus t-shirts because is produced and sell 10% more than the basic
The raw material is of national origin, they use combed chiffon and lycra
Direct labor costs: salaries to employees
Indirect manufacturing expenses: electricity, telephone, rent of the house
Conclusion
Integrantes:
Itzel Melissa Reyes Gordillo - A01733970
Annie Aixa Rosas Hernández- A01733970
Wendolyne Corona Martínez - A01730551
Aldo Daniel Flores Valencia González - A01734246
José Fernando García Barranco - A01734348
We are going to do a good team work
Each member of the team has some characteristics to contribute to the team
We are going to combine our strengths for great results
Everyone has an assignment to complete in each work
All of us are responsible and committed for the activities, also capable for every task in the block
Deliverables
Deriverable 2- Stage 2: Scenario analysis and simulation using Excel as a support tool.
Analyze the cost volume profit model, cashflow forecast, project evaluation , marginal, scenario and sensitivity analysis
Report in Excel
April 24 (Friday week 4)
Deliverable 3- Stage 3: Immersion.Adjustments to deliverables and results presentation.
Do the executive report , the presentation rehearsal, present to the teachers. Evaluation and feedback
Executive report
April 29 (Wednesday
Deliverable 1-Stage 1: Knowing the company, its investment opportunities and financing needs
Know the company, select main products, structure of variable and fixed cost, build the production and sales cost statement, analyze the cash conversion cycle and real measures, define financing options
Report
April 3 (Friday week 2)