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Author Topic: PAWNSHOP APPRAISAL AND MONEY CHANGER START UP BUSINESS HANDS ON WORKSHOP!!!  (Read 3372 times)

smdc

  • Part-time entrepreneur
  • **
  • Posts: 163
HI There!!!

I am sharing my best training module for the following

Start up Entrepreneur for
PAWNSHOP business
Gold And Diamond Seller
Buy and Sell Gold
Money Changer


 


SMDC PAWNSHOP & JEWELRY COMPANY
 Pasay City, Metro Manila
Contact Numbers:
SMART CP 0920-4461158, ,
GLOBE CP 0927-4593013
SUN CELL: 0923-4091577


TRAINING MODULES FOR PAWNSHOP OPERATION
(PRIVATE TUTORIAL ONLY)
 
 
 MODULE  1             BASIC TRAINING ON GOLD TESTING &
                                                   JEWELRY APPRAISAL
         
     Topics Included:
 
GOLD - History, Value, Appreciation in the world market and 
Understanding Jewelry and Gold as Precious Metal
Formulation of Gold Color and Alloy Mixture in Jewelry Composition
 
Comp*tation of Buying and Selling of Gold –BANGKO SENTRAL NG PILIPINAS
GOLD PRICE CONVERSION ( from Troy Ounce to Grams)
PAWN VALUE DETERMINATION
ACTUAL /HANDS ON GOLD TESTING with Different PURITIES OF GOLD
TOUCH STONE METHOD
DETERMINING HALLMARKS ENGRAVE ON JEWELRIES         
COMMERCIAL APPRAISAL OF JEWELRIES

PROCEDURES:     

1.)  Introduction of Tools and Materials Needed
     Gold Pattern, Black Testing Stone, Nitric Acid, Tissue   
     Paper, Water, Cigarette Ashes,
2.) Proper cleaning of Black Testing Stone
3.) Proper handling of Different Kinds of Jewelries in Testing
4.) Fake Items will be dissolved and be erased by NITRIC ACID (No Substitute for this acid)
5.) Gold Purity and KARAT – Reactions and Color to 
      Remember With Lecture/Hand outs 
   Basic Appraisal Technique on determining 24K, 22K, 21 & 20K, 18K, 14K, 12K,10K,8K using   
6.) Testing Sample Jewelries for Karat Comparison and Identification using Gold Pattern
7.) GOLD Conversion from US Dollar to Peso
8.) Comp*tation of Gold Buying & Selling
9.) Getting Pawn Value ( “Sangla Price”)
10.) How to Know Total Cost of Gold Jewelries
11.) Commercial Appraisal of Gold Jewelries 
12.) Giving Pawn Value to the Sample Appraised Jewelries
       
     

 JEWELRY APPRAISAL TOOLS
( Electronic/Digital  Weighing Scale - 100-120 grams, Eye loupe 10x-30x,  and 1 SET MULTI-KARAT Gold Pattern NEEDLE, Acid Bottle/Glass) plus Appraisal Ingredients needed such as Nitric Acid, Cigarette Ash, Black Stone, PawnValue Chart, Tissue Paper, Sand Paper and tap water.

                   

                    MODULE  2      BASIC TESTING AND APPRAISAL TRAINING ON
                                                          ELECTRONIC GADGET OR DEVICES FOR 
                                                             ACCEPTABLE ITEM TO BE PAWNED
 
 
       This module will discuss the following;

WHY GADGETS ARE ACCEPTED IN PAWNSHOP
         (TRENDY , PORTABLE AND PERSONAL ASSET AVAILABLE TO PAWN)
WHO ARE THE TARGET MARKET FOR GADGET PAWNING
WHAT ARE THE ACCEPTABLE ITEMS TO BE PRESENTED AS COLLATERAL 
          FOR BRAND AND MODEL ( LAPTOP COMPUTER, MOBILE PHONES,
          DIGITAL CAMERA, VIDEO CAMERA RECORDER, GAME CONSOLE/PLAY
          STATION PORTABLE,  APPLE IPOD/MUSIC PLAYER, HANDY DVD 
          PLAYER WITH LCD
THE BASIC FEATURES AND SPECIFICATION OF EACH GADGET THAT IS
           FIT FOR PAWNING; SUCH AS THE FOLLOWING
         
LAPTOP COMPUTER – Microsoft Windows XP and Vista Only (Operating
                                                    System)
MOBILE PHONE      -   Nokia Phones Only With Manufacturing Date and version
DIGITAL CAMERA -   ZOOM In and Out and Mega pixel
VIDEO CAMERA RECORDER -  media Device recordable
GAME CONSOLE – Model and Universal Media Disc
IPOD/Music PLAYER -  Storage Capacity and Make generation
DVD PLAYER LCD -  Brand and Flip Top


THE BASIC ACCEPTANCE PROCEDURE THAT FIT WITHIN THE PAWN VALUE 
          CHART
THE PROPER WAY TO HANDLE ITEMS PRESENTED AS SECURITY FOR A 
          LOAN ( NO TOUCH OR HANDLING FIRST)
KNOW THE CURRENT SELLING PRICE OF EACH GADGET AND YOU WILL 
          KNOW THE PAWN VALUE/SANGLA PRICE







smdc

  • Part-time entrepreneur
  • **
  • Posts: 163
2ND PART


MODULE  3              ADVANCE GOLD JEWELRY APPRAISAL
                                                 TECHNIQUE WORKSHOP
         

ADVANCE TOOLS IN JEWELRY APPRAISAL TECHNIQUE
FAST AND EFFECTIVE JEWELRY APPRAISAL METHOD
UNDERSTANDING GOLD PLATED AND FAKE/FANCY JEWELRIES
            WITH ACTUAL JEWELRIES TO BE EVALUATED FROM THE
          GOLD ITEMS
HOW TO DETECT FAKE NECKLACE/NECKCHAIN WITH THE HELP 
          OF ADVANCE APPRAISAL & TESTING TOOLS
DIFFERENTIATING WHITE GOLD JEWELRIES FROM STERLING
          SILVER, STAINLESS AND PALLADIUM, RHODIUM PLATED 
           JEWELRIES,
DEDUCTION PROCEDURES FOR STONES WITHOUT VALUE FROM
          THE JEWELRY’S TOTAL WEIGHT IN GRAMS
PAWN VALUE DETERMINATION AND MARKET 
           COMPETITIVENESS
FLEXIBILITY AND LIMITATION ON JEWELRY APPRAISAL OR   
            “PRENDA PRICE
GET THE EDGE BY ACCEPTING COLLEGE RING, LOWER KARAT 
            JEWELRIES AND DAMAGE GOLD ITEMS
               
           
The Objective of this course is to teach the pawnshop owner or appraiser how to identify Fake & Fancy Jewelry Items from the Real one.
 
Included in this Advance Procedure is the fastest and convenient process of testing the item presented .
         
With Case Study on how to know and avoid the actual tactics and MODUS OPERANDI OF SWINDLERS that victimizes PAWNSHOP owners and staff.


 
 

MODULE  4                ADVANCE TESTING & APPRAISAL             
                                 SEMINAR-WORKSHOP ON ELECTRONIC             
                                                  GADGET OR DEVICES 
                         
       
         MOBILE PHONES 1
       
       EXAMINING CASING AND BACK HOUSING FOR DEFECTS AND FLAWS
       DETECTING REPAIRED AND DEFECTIVE UNIT’S MOTHER BOARD
      CHECKING RECONDITIONED & LOW QUALITY UNITS
      TESTING TERMINAL LINE SHORTAGE
      TESTING EMERGENCY CALL
      INSPECTING INSERT SIM CARD OR LOOSE SIM PACK
EXAMINING LCD DISPLAYS & DEFECTS
     CHECKING PHONE SECURITY/ PIN CODE REQUIREMENT OFF
     VERIFYING OPEN LINE UNITS
     CHECKING NETWORK SELECTION / SIGNAL PICK UP
     VERIFYING MISCALLS & EAR PIECE CONNECTION
     CONFIRMING INCOMING AND OUTGOING CALLS
    TESTING MOUTH PIECE SENSITIVITY & 100% FUNCTION
    CHECKING THE TONE MENU & VIBRATING ALERT
    ASSESSING KEYPAD CONNECTION
    TESTING SMS/TEXT MENU AND SENDING INTEGRATED CIRCUIT
     CONFIRMING BATTERY CHARGING
   

MOBILE PHONE / CELLPHONE 2
          CHECKING DEFECTIVE UNIT
          CHECKING DAMAGE UNIT CAUSE BY REPAIR/REFORMATTING
          TESTING GENUINE PHONE FROM IMITATION OR CLONED CHINESE PHONE
          CHECK PHONE CAMERA 
           CHECK MULTI-MEDIA/MEMORY CARD (MMC)
          VERIFYING MANUFACTURING DATE, LAST REPAIR DATE, PURCHASED DATE, 
          PHONE USAGE HOURS
         


 DIGITAL CAMERA 1
 
     CHECKING BRAND AND MODEL
     CONFIRMING MARKET PRICE
     CHARGING BATTERY
     TAKING PICTURES/SAVING IMAGE/S
     INSTALLATION OF CD/DRIVERS from Personal Computer to Digital Camera Menu
   
 DIGITAL CAMERA 2

    TESTING IMAGE CAPACITY AND QUALITY
    IMAGE DOWNLOADS AND PC Compatible       
    Audio/Video Plug Ins to Television
    With Huge Memory Stick not lower to 512 MB   
 
 
     LAPTOP COMPUTER 1
     
     CHECKING MOTHER BOARD
     PLUGGING POWER SUPPLY of minimum 500 Watts
     CONFIRMING RAM/MEMORY OF MINIMUM 512MB
     VGA /VIDEO CARD PLUG INS OF MINIMUM 128MB
     HARDSIK SPACE CAPACITY OF 40 GIG & UP
     OTHER NEEDED PC ACCESSORIES


LAPTOP COMPUTER 2
 
   Installed Operating System
   IDE 1 & 2 Connections
   Dial Up Modems and Internet Ready Gadgets
   
 
      IPOD/MP3 PLAYER/AUDIO DEVICES
 
     CHECKING BRAND AND MODEL
     COMPLETE ACCESSORIES WITH 100% FUNCTIONALITY
     USB COMPLIANT DOWNLOADS
     CD INSTALLER/DRIVER

GAME CONSOLE / SONY PLAY STATION PORTAB LE (PSP)

CONFIRMING BRAND AND MODEL TYPE/SLIM/FAT
TESTING GAMES INSTALLED
CHECKING STORAGE CAPACITY OF MEMORY CARDDUO PRO STICK
PROBING FIRMWARE FOR DOWNGRADING AND FORMATING OF O.S.


This module focuses on the determination of defective Gadgets and devices which is not acceptable to pawnshop.


smdc

  • Part-time entrepreneur
  • **
  • Posts: 163
3RD PART

MODULE  5               PAWNSHOP OPERATION MANAGEMENT   
                                                         


History of Pawnshops
Pawnshop Industry Profile
Pawnshop regulations and the P.D. 114
Nature of Business
 
LENDING OPERATION
 
Standard Pawnticket Issuance and determination of Pawn Value
Loan Limit (Lowest/Starting To Highest Appraisal and Pawn Value given to the item
Interest Rate
How To write proper Pawn Item Description which will prevent conflict of allege 
            switching of items by the Pawner
Granting of Loan Procedures and Record Keeping (Bangko Sentral ng Pilipinas
           Compliant)
Renewal and Redemption of Pawned Item Procedures and Record Keeping
Comp*tation of Interest Income and other Income Source
Making Pawn Reports
Posting Past Due Loans and Redemption Period
Mailing/Auction notice Procedures
Public Auction Procedures and auction sale record keeping
 
MANAGEMENT:
 
Understanding TERMS & CONDITIONS OF PAWNTICKET
Usual Malpractice of Pawnshop
Complaints against Pawnbrokers
Responsibility of Pawnshop Owners to Pawners
Marketing Strategy given Stiff Competition
Position your Pawnshop as One Stop Shop

 MODULE  6              DIAMOND GRADING &   JEWELRY SELLING
                                                        SEMINAR WORKSHOP 

KNOW THE 4 C’S OF DIAMOND AS PRECIOUS STONE
DIAMOND APPRAISAL AND PRICING METHOD
TOOLS USE TO TEST GENUINE DIAMOND FROM SYNTHETIC AND NON-PRECIOUS STONE
HOW TO KNOW SOUTH SEA PEARL FROM FRESH WATER AND 
           SYNTHETIC ONE


JEWELRY STORE AND SELLING
 
Gold Scrap Buying and Selling
Resetting, Made to Order jewelries (College Ring, Wedding / Bond ring and sets ) and Mark Up
Demand and Supply
Marketing and Collection Procedures
Wholesaling and Retailing of RED GOLD / SAUDI jewelries
 




smdc

  • Part-time entrepreneur
  • **
  • Posts: 163
4TH PART

MODULE  7       PAWNSHOP ACCOUNTING,  AUDITING and
                         INTERNAL CONTROL PROCEDURES WORKSHOP   
 
ACCOUNTING AND AUDITING SYSTEM

CASH COUNT AND CASH BALANCING METHOD
APPLICATION FOR CERTIFICATE OF REGISTRATION FOR TAX PAYMENT
Bookkeeping and Recording required by Bureau of Internal Revenue for Monthly Percentage Tax Internal Control Procedures
ISSUANCE OF OFFICIAL RECEIPT WITH PERMIT TO PRINT FROM BIR
CASHIERING PROCEDURES
FRONT DESK Memorandum/Circular
BANGKO SENTRAL NG PILIPINAS Documentation on KNOWING YOUR CUSTOMER under    Anti-Money Laundering Act Mandate
Year Ender Report on Statement of Condition and Income and Expense


INTERNAL CONTROL PROCEDURES
 
RANDOM/SPOT AUDIT OF PAWNED ITEM (DAILY OR WEEKLY)
PHYSICAL INVENTORY OF ALL ITEM PAWNED FROM THE VAULT
RECONCILING RENEWAL AND REDEEMED ITEMS FROM MASTER LIST



MODULE   8              FOREIGN EXCHANGE / MONEY CHANGER 
                                  BUSINESS OPERATION HANDS ON TRAINING
                                      (WITH SAMPLE OF COUNTERFEIT AND GENUINE 
                             MONEY TO COMPARE)

 
INDUSTRY OVERVIEW
HOW MONEY CHANGING/FOREIGN EXCHANGE BUSINESS EARNS
UNDERSTANDING CONVERTIBLE AND NON-CONVERTIBLE CURRENCIES OF THE BANGKO SENTRAL NG PILIPINAS
KNOW THE SECURITY FEATURES OF FOREIGN CURRENCY YOU WANT TO 
           ACCEPT
HOW TO KNOW COUNTERFEIT CURRENCIES
       HANDS ON TESTING METHOD
TOOLS USED TO DETECT COUNTERFEIT MONEY

FORECASTING AND SETTING SAFETY MARGIN FOR EXCHANGE RATE
CLIENT’S PROFILE AND RECORDING
INTERNAL CONTROL PROCEDURES AND ACCOUNTING SYSTEM
HOW TO SELL YOUR FOREIGN CURRENCY

 
 
MODULE 9      PAWNSHOP HELPER SOFTWARE PROGRAM AND
                                  COMPUTER MAINTENANCE TRAINING
 
 
Know Your Customer (KYC) Procedures which is required by Anti money Laundering LAW
 
Encoding of Loan Releases, Renewal of Interest Accrued and Redemption of Pawned Item for data gathering and storage.
 
Generating reports on Loan Portfolio, Interest Income, Ancillary Income Services
 
Security Application and Interface
 
Basic Software and Hardware Maintenance including Installation and reformatting of Operating system
 
 
 
MODULE 10  PAWNSHOP ESTABLISHMENT AND BRANCHING OUT
 
 
For Pawnshop, this module teaches how to fill up the pro-forma documents in the Checklist of Requirements numbered to Sixteen (16) needed for PAWNSHOP LICENSE AND REGISTRATION TO BANGKO SENTRAL NG PILIPINAS (BSP) created by a law – PRESIDENTIAL DECREE (P.D.) 114.
 
CHECKLIST OF REGISTRATION REQUIREMENTS FOR NEW PAWNSHOP
1.) City/Municipal Business License/Mayor's Permit for the current period
   Note: 1.) The Business Name and Address should be the same with SEC approved.
         2.) LGU requirements varies in different areas but most likely the following are required.
            a. Lease Contract if rented
            b. Clearances  - Police, Zoning, Realty Tax, Rental/charges, Sanitary Permit, Medical certificate for employees
           
                Fire Clearance, engineering clearance for owned building, barangay clearance
            c. Community tax certificate for business ( usually P 500 for Corporation)
   
2.) Copy of Certificate of registration of business Name with the Department of Trade and industry (DTI)
3.)   Copy of Certificate of registration  SEC and copy of Articles of Incorporation and by Laws
4.) sample copy of signage
5.) Information sheet duly accomplished by the President / CEO/managing partner/ Owner
6.) Biographical Data with passport size pictures
7.) Bank Certification on amount deposited for apwnshop registration
8.) Notarized written undertaking to comply with BSP applicable rules
9.) Income Tax returns of the Officers/Owners
10.) sample copy of Pawnticket
     Note: wrong spelling, wrong spacing and format of terms and conditions will be automatically be rejected
11.) Letter request for additional stipulation of pawnticket
12.) Authorized Signatories with biographical data
13.) Sketch of pawnshop location
14.) Letter of authority to transact and receive BSP Acknowledgement of Registration
 
  Plus how to make other documents needed for branching out and expansion
 
   Note: The BSP is rigid on requirement submission particularly the standard form and stipulations of 
              PAWN TICKET OR INSTRUMENT OF INDEBTEDNESS






For interested individuals and parties, please send me sms/text or email at my contact number below.

Thank you and more power!!!


SMDC PAWNSHOP & JEWELRY COMPANY
 Pasay City, Metro Manila
Contact Numbers:
SMART CP 0920-4461158, ,
GLOBE CP 0927-4593013
SUN CELL: 0923-4091577