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Management Aspect

I. COMPANY OVERVIEW

The IML Co. is an emerging manufacturing firm engaged in producing

chemical solutions, with a solid foundation of competence and commitment. The

firm produces innovative, environmental friendly goods under its Eco & Ecoproduct lines, a contributory campaign of the organization towards green

protection. It initially conceptualized pineapple peelings for the production of

metal polish.

IML stands by the name initials of the businesss founders, (Asharany)

Inovejas, (Cristopher Rom) Melendres, and (Barry) Lumba. Established under a

general partnership, the founders of the organization all shared equal authority to

the organization.

IML reflects an enterprise committed to serve and satisfy consumers by

producing just quality products. It aims to expand its competence by providing

new products consistent with consumers quality demand and ecological

standards as well.

A. COMPANY & BRAND LOGO

The logo of the IML Co. depicts a three-leaf image which represents each

of the participating founders, which logo took inspiration from the pineapple

scale-like segments. The all-green shade of the logo hints at the participation ofthe company towards green living.

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Management Aspect

Eco & Eco is the brand portfolio of the organization which dedication is

purely established in providing ecologically-friendly and economic products, on

which the origin of the umbrella brand evolved from.

Metacleene is a metal polish innovated from pineapple peelings. The

brand logo pictures out three different images that represent the shine capability

of the item, its ecologically-friendly feature, and its ability to protect metal items

against corrosion or exposure to rust.

B. MISSION

Our mission takes a stand as our drive force towards the roadmap to

success. We dedicate ourselves in instigating satisfaction by providing just

quality products, and epitomize an organization that is empowered to compete to

the global market, through achieving operational excellence and employing a

diverse, innovative and results-oriented team.

C. VISION

The IML envisions itself to represent a top-ranking company in

performance, quality and product innovation.

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Management Aspect

D. OBJECTIVES

The IML entails its objectives for the fulfillment of its mission. These cover

the prospect:

To provide excellent quality products that will attend to the needs and

demand of every client.

To offer an exemplary, quality service to customers that enhances our

reputation in the field of our expertise.

To expand the enterprises services by increasing its product lines through

its cost-effective growth of its market share.

To integrate its research and development to augment and improve the

companys eco-friendly products.

I. FORM OF BUSINESS ORGANIZATION

A. OWNERSHIP FORM

The proponents of the firm engage themselves to form a partnership

organization. A partnership is a type ofbusiness entity in which partners (owners)

share with each other the profits or losses of the business undertaking in which

all have invested. Partnerships are often favored over corporations for taxation

purposes, as the partnership structure does not generally incur a tax on profits

before it is distributed to the partners (i.e. there is no dividend tax levied).

However, depending on the partnership structure and the jurisdiction in which it

operates, owners of a partnership may be exposed to greater personal liability

than they would asshareholders of a corporation.

http://en.wikipedia.org/wiki/Business_entityhttp://en.wikipedia.org/wiki/Corporationhttp://en.wikipedia.org/wiki/Dividend_taxhttp://en.wikipedia.org/wiki/Jurisdictionhttp://en.wikipedia.org/wiki/Shareholderhttp://en.wikipedia.org/wiki/Shareholderhttp://en.wikipedia.org/wiki/Jurisdictionhttp://en.wikipedia.org/wiki/Dividend_taxhttp://en.wikipedia.org/wiki/Corporationhttp://en.wikipedia.org/wiki/Business_entity

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Management Aspect

B. GENERAL PARTNERSHIP AGREEMENT

Article of Partnership of

IML Co.

KNOW ALL MEN BY THESE PRESENTS:

Those, we the undersigned, all of legal age and residents of the Republic

of the Philippines, have agreed to form a General Partnership under the terms

and conditions herein after set forth and subject to the provisions of existing laws

of the Republic of the Philippines.

AND WE HEREBY CERTIFY:

ARTICLE I:That the name of the partnership shall be IML Co.

ARTICLE II:That the principal office of the partnership shall be located at Elisco

Rd., Kalawaan, Pasig City.

ARTICLE III: That the names, citizenship and residence of the partners of said

partnership are as follows:

ARTICLE IV: That the term for which partnership is to exist is

_________________________ (_____________) years from and after the

recording of the said partnership by the Securities and Exchange Commission

ARTICLE V:That the purpose for which said partnership is formed is as follows:

ARTICLE VI: That the capital of this partnership shall be Fifteen Million Pesos

(Php 15,000,000), Philippine Currency contributed by the partners as follows:

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Management Aspect

Name Amount Contributed

Ms. Asharany T. Inovejas Php 5,000,000

Mr. Barry C. Lumba Php 5,000,000

Mr.Cristopher Rom C. Melendres Php 5,000,000

TOTAL Php 15,000,000

That no transfer of interest which will reduce the ownership of Filipino

citizens to less than the required percentage of capital shall be allowed to be

recorded in the proper books of the partnership;

ARTICLE VII: That the profits and losses shall be divided pro-rate among the

partners;

ARTICLE VIII: That the firm shall be the management of

_____________________________ as such he/she shall have charge of the

affairs of the partnership.

ARTICLE IX: That the partners manifest their willingness to change their

partnership name in the event another person, firm or entity has acquired a priorright to use the said firm name or one deceptively or confusingly similar to it.

IN WITNESS WHEREOF, we have hereunto set our hands this ___________

day of ____________ 20__, at _____________________________________.

_____________________________ _____________________________

_____________________________ _____________________________

_____________________________ _____________________________

Signed in the presence of:

___________________________

___________________________

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