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    Bodie

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    Linh Nguyen
    The document provides financial statements for a company for years 2004-2006 and projections for 2007-2008. It shows increasing net sales and net income over the years. Key figures include net sales growing from $930,110 in 2004 to over $2 million in 2006. Projections estimate sales will reach $3.2 million in 2008. Gross profit and net income also increased each year. Current assets exceeded current liabilities, suggesting adequate short-term liquidity. The company appears to be growing and becoming more profitable over this period.

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    Bodie

    Uploaded by

    Linh Nguyen
    48 views8 pages
    The document provides financial statements for a company for years 2004-2006 and projections for 2007-2008. It shows increasing net sales and net income over the years. Key figures include net sales growing from $930,110 in 2004 to over $2 million in 2006. Projections estimate sales will reach $3.2 million in 2008. Gross profit and net income also increased each year. Current assets exceeded current liabilities, suggesting adequate short-term liquidity. The company appears to be growing and becoming more profitable over this period.

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    The document provides financial statements for a company for years 2004-2006 and projections for 2007-2008. It shows increasing net sales and net income over the years. Key figures include net sales growing from $930,110 in 2004 to over $2 million in 2006. Projections estimate sales will reach $3.2 million in 2008. Gross profit and net income also increased each year. Current assets exceeded current liabilities, suggesting adequate short-term liquidity. The company appears to be growing and becoming more profitable over this period.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    48 views8 pages

    Bodie

    Uploaded by

    Linh Nguyen
    The document provides financial statements for a company for years 2004-2006 and projections for 2007-2008. It shows increasing net sales and net income over the years. Key figures include net sales growing from $930,110 in 2004 to over $2 million in 2006. Projections estimate sales will reach $3.2 million in 2008. Gross profit and net income also increased each year. Current assets exceeded current liabilities, suggesting adequate short-term liquidity. The company appears to be growing and becoming more profitable over this period.

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    Statement of earnings

    (for years ending January 31)


    2004 2005 2006
    Net sales 930,110 1,599,920 2,066,820
    Cost of goods sold 644,190 1,171,760 1,476,840
    Gross profit 285,920 428,160 589,980
    Operating expenses
    Wages and comissions 183,620 253,910 306,170
    Rent 19,430 22,200 11,100
    Provision for doubtful accounts 6,710 0 0
    General Selling expenses 29,100 27,560 23,860
    General Administratitve expenses 76,430 104,720 132,850
    Amortization 0 10,300 24,360
    Total operating expenses 315,290 418,690 498,340
    Interest expense 27,230 29,220 33,750

    Net income before tax -56,600 -19,750 57,890


    Income tax 0 0 0
    Net Income (loss) -56,600 -19,750 57,890
    Proyeccion
    Imputs 2007 2008
    2,800,000.00 3,200,000.00
    71.32% 1,996,960.00 2,282,240.00
    803,040.00 917,760.00

    14.81% 414,680.00 473,920.00


    0 - -
    0 - -
    1.15% 32,200.00 36,800.00
    6.43% 180,040.00 205,760.00
    29,360.00 44,360.00
    656,280.00 760,840.00
    24,164.00 48,528.00

    122,596.00 108,392.00
    23% 23,951.28 24,930.16
    98,644.72 83,461.84

    EBITDA (utilidad operativa mas depreciacion) 176,120.00 201,280.00


    Statement of Retained Earnings
    (for years ending January 31)
    2004 2005 2006
    Beginning retained earnings 0 -56,600 -76,350
    Add: net income -56,600 -19,750 57,890
    Less: dividends 0 0 0
    Ending retained earnings -56,600 -76,350 -18,460
    Balance Sheets
    (as at January 31)
    2004 2005 2006
    ASSETS
    Current assets
    Cash 86,060 17,510 1,420
    Accounts receivable, net 128,500 201,670 338,690
    Inventory 308,980 342,080 474,630
    Prepaid expenses 3,020 3,020 1,740
    Total current assets 526,560 564,280 816,480
    Fixed Assets
    Land 0 60,880
    Automobiles 34,350 34,350 47,850
    Building 122,940
    Equipment 3,990
    Sub Total 34,350 34,350 235,660
    Less: acumulated amortizatio 10,300 34,660
    Net fixed assets 34,350 24,050 201,000

    Other assets
    Goodwill 30,000 30,000 30,000
    Deferred charges 6,570 3,850 2,750

    TOTAL ASSETS 597,480 622,180 1,050,230

    LIABILITIES
    Current liabilities
    Accounts payable 184,640 290,740 502,500
    Other current liabilities 15,790 11,850 35,850
    Total current liabilities 200,430 302,590 538,350
    Long term liabilities
    bank loan 126,900 101,700 76,500
    Transport loan 30,240 17,730 5,210
    Mortgage payable 196,510 176,510 176,510
    CCB mortgage payable 0 0 172,120
    Total long term liabilities 353,650 295,940 430,340
    Equity
    Common Stock 100,000 100,000 100,000
    Retained earnings -56,600 -76,350 -18,460
    Total Equity 43,400 23,650 81,540

    TOTAL LIABILITIES & EQUITY 597,480 622,180 1,050,230


    Imputs 2007 2008

    2% 56,000.00 64,000.00
    60 466,666.67 533,333.33
    117 649,012.00 741,728.00
    1,740.00 1,740.00
    1,173,418.67 1,340,801.33

    200,000.00 435,660.00 435,660.00


    64,020.00 108,380.00
    371,640.00 327,280.00

    30,000.00 30,000.00
    2,750.00 2,750.00

    1,577,808.67 1,700,831.33

    60 332,826.67 380,373.33
    35,850.00 35,850.00
    368,676.67 416,223.33

    593,812.00 481,888.00

    100,000.00 100,000.00
    80,184.72 163,646.56
    180,184.72 263,646.56

    1,142,673.39 1,161,757.89

    DESBALANCE 435,135.28

    EBITDA 176,120.00 2.14


    INTERESES 82,315.78

    prestamo 1,028,947.28
    tasa 8%
    Financial Ratios
    (as at January 31) 2006 selected industry ratios
    2004 2005 2006 (where available)
    Net sales 100.00% 100.00% 100.00% 100.00%
    Cost of goods sold 69.26% 73.24% 71.45% 67.90% 71.32%
    Gross profit 30.74% 26.76% 28.55% 32.10%
    Operating expenses
    Wages and comissions 19.74% 15.87% 14.81% 14.81%
    Rent 2.09% 1.39% 0.54% 0
    Provision for doubtful accounts 0.72% 0.00% 0.00% 0
    General Selling expenses 3.13% 1.72% 1.15% 1.15%
    General Administratitve expenses 8.22% 6.55% 6.43% 6.43%
    Amortization 0.00% 0.64% 1.18%
    Total operating expenses 33.90% 26.17% 24.11%
    Interest expense 2.93% 1.83% 1.63%

    Net Income (loss) -6.09% -1.23% 2.80% 2.80%

    LIQUIDITY
    Current ratio 2.63 1.86 1.52 1.80
    Acid test 1.09 0.73 0.63 0.60
    Working capital 326,130 261,690 278,130

    EFFICIENCY
    Age of receivables 50 46 60 52.4 For projection the average payment period is always the last , since Nostros as company never going to go back on this time
    Age of inventory 175 107 117
    Age of payables 105 91 124

    STABILITY
    Net worth to total assets 7.3% 3.8% 7.8%
    EBIT -29,370 9,470 91,640
    EBITDA -29,370 19,770 116,000
    EBIT / interest 0.3 2.7 3.6
    EBITDA / Interest 0.7 3.4

    GROWTH 2005/04 2006/05


    Sales 72% 29%
    Net income
    Total assets 4% 69%
    Equity -46% 245%
    Statement of cash flows
    (for years ending January 31)
    2005 2006
    OPERATIONS
    Net income -19,750 57,890
    Adjustments to cash basis
    Amortization 10,300 24,360
    Accounts receivable net -73,170 -137,020
    Inventory -33,100 -132,550
    Prepaid expenses 0 1,280
    Accounts payable 106,100 211,760
    Other current liabilities -3,940 24000

    Net cash flo from operations -13,560 49,720

    FINANCING ACTIVITIES
    Bank Loan -25,200 -25,200
    Transport loan -12,510 -12,520
    Mortgage payable -20,000 0
    CCB mortgage payable 172,120

    Net cash flow from financing -57,710 134,400

    INVESTING ACTIVITIES
    Fixed assets 0 -201,310
    Deferred charges 2,720 1,100

    Net cash flow from investing 2,720 -200,210

    Net cash flow -68,550 -16,090


    Beginning cash 86,060 17,510

    Ending cash 17,510 1,420

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