I. Estimated Investment Costs 
*Based on 2009 prices **Sources of prices: - Paco, San Andres, and Sta Ana Wet Markets (for fresh fish and ingredients); - Landmark, SM Department Store, Binondo shops/stores (for utensils and equipments) II. Procedure 1. Wash the Galunggong thoroughly with clean and fresh water. 2. Split the fish into butterfly fillet and remove the gills and internal organs. Wash fish again thoroughly. 3. Place the fish in a strainer and drain. 4. Prepare the brine solution (i.e., mixture of water and salt). For a 60-kg. fresh fish, use 6.5 kls. of salt and 5 gallons of water. 5. Soak the fish in brine solution for one hour. 6. Drain the salted fish. 7. Rinse the fish thoroughly under running water to wash off excess salt. 8. Arrange or lay fish in wire screen mesh. Do not place the fish on top of each other so that fish will dry evenly. 9. Cover the fish with the other half of the screen mesh/wire screen to prevent contamination while drying. 10. Dry fish under the sun or direct sunlight for two to three days. 11. After drying, allow the dried fish to cool for at least 6 hours at room temperature. 12. Weigh, pack, seal, and store dried fish at room temperature. • Assumptions: - Salted fish drying is done for 22 days / month. - 60-kg. fish produces 40 kg. of dried fish (daing). • Sources on procedures: - Sustainable Livelihood Options for the Philippines – An Information Kit (Coastal Ecosystem). Department of Environment and Natural Resources (DENR). - Department of Science and Technology (DOST) – Industrial Technology Development Institute III. Estimated Costing and Pricing (FOR 1 KILOGRAM OF GALUNGGONG DAING) 
* The higher the volume of production per day (more than 60kgs.), the lower the production cost, thus further increasing the mark-up to more than 25%. The higher the mark-up, the higher the profit margin. * If price per kilogram is lower compared with the existing market price, increase mark-up to 25% or more. IV. Business Registration Requirements 1. Business Name Registration Department of Trade and Industry (DTI) within NCR a) 12/F, Trafalgar Plaza, 105 H.V. Dela Costa St., Salcedo Village, Makati City Tel. No.: (632) 811.8232 loc 208 b) 2/F, Park N' Ride, Lawton, P. Burgos Ave., Dr. Basa St. Ermita, Manila Tel. No.: (632) 536.7153 c) G/F, Highway 54 Plaza, EDSA, Mandaluyong City (across SM Megamall), Tel: No.: (632) 706.1767 d) 5/F, Araneta Square Mall, Monumento Circle, Kalookan City Tel. No.: (632) 332.0854 / 332.0829 DTI Office in the province where the business is located Website: www.bnrs.dti.gov.ph for online registration Validity: 5 years 2. Mayor’s Permit/ Residence Certificate and Sanitary Permit Municipality or city where the business is located Validity: 1 year 3. Tax Identification Number (TIN) Bureau of Internal Revenue (BIR) BIR National Office Bldg., Agham Road, Diliman, Quezon City Trunkline: (632) 981.7000 / 981.8888 Email: contact_us@cctr.bir.gov.ph www.bir.gov.ph BIR Regional or District Office where the business is located 4. BFAD Certificate Bureau of Food and Drugs (BFAD) Civic Drive, Filinvest Corporate City, Alabang, Muntinlupa City Tel. No.: (632) 807.0721 / 842.5606 Email: bfad@bfad.gov.ph www.bfad.gov.ph BFAD Office in the province where the business is located. Validity: 1 year V. Funding Sources Small Business Corporation 17/F and 18/F, Antel Corporate Center, 139 Valero Street, Salcedo Village, Makati City Tel. No.: (632) 751.1888 www.sbgfc.org.ph (Direct lending for individual borrower with an asset size of P 500,000 – P100M) People’s Credit and Finance Corporation 2/F, Accelerando Building, 395 Sen. Gil Puyat Ave., Makati City Tel. Nos.: (632) 897.8521 / 752.3745 Fax Nos.: (632) 325.0448/49 Email: info@pcfc.ph www.pcfc.gov.ph National Livelihood Development Corporation (NLDC) 4/F, Hanston Building, F. Ortigas Jr. Road, Ortigas Center, Pasig City Tel. Nos.: (632) 914.7290 to 97 or 631.2955/57 Email: nlsf-info@nlsf.gov.ph VI. Technical Assistance Department of Science and Technology – Science and Technology Information Institute (DOST-STII) Gen. Santos Ave., Upper Bicutan, Taguig, Metro Manila Tel. Nos.: (632) 837.2191 to 95 Telefax: (632) 837.7520 Email: vbb@stii.dost.gov.ph www.stii.dost.gov.ph Technology Resource Center (TRC) TRC Building, 103 J. Abad Santos cor. Lopez Jaena Sts., Little Baguio, San Juan, Metro Manila Tel. Nos.: (632) 727.6205 www.trc.dost.gov.ph Technical Education and Skills Development Authority Women’s Center 37 East Service Road, South Superhighway, Taguig City Telefax No.: (632) 818.8062 Trunkline: (632) 814.4076 loc. 278 Email: tesdawomen@yahoo.com twc.tesda.gov.ph Source: BUREAU OF MICRO, SMALL AND MEDIUM ENTERPRISE DEVELOPMENT (BMSMED) 5/F, Trade and Industry Building 361 Sen. Gil J. Puyat Ave. Makati City Tel. Nos.: (02) 897.1693 / 897.7596 / 890.4968 Fax No.: (02) 896.7916 Email: bmsmed@dti.gov.ph www.dti.gov.phSource: Business Diary Philippines
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