Professional Documents
Culture Documents
LEGAL NAME
TRADING NAME
ADDRESS
PHONE
(514) 555-2020
info@doorstotheworld.com
FORM OF COMPANY
FAX
(519) 555-1010
Corporation
321911
10%
A1
2- Sales
HISTORICAL
SALES ACTIVITIES
French doors
Panel doors
Windows
New door model
TOTAL SALES ($)
PROJECTED
sept-12
$571,900
275,400
74,100
sept-13
$625,300
225,000
83,000
sept-14
$789,000
218,900
114,300
$921,400
$933,300
$1 122,200
62,1%
29,9%
8,0%
0,0%
0,0%
67,0%
24,1%
8,9%
0,0%
0,0%
70,3%
19,5%
10,2%
0,0%
0,0%
- $
$0,000
sept-15
$863,000
180,000
130,000
75,000
sept-16
$932,000
194,000
140,000
94,000
sept-17
$1 007,000
210,000
151,000
127,000
$1 248,000
$1 360,000
$1 495,000
69,2%
14,4%
10,4%
6,0%
0,0%
68,5%
14,3%
10,3%
6,9%
0,0%
67,4%
14,0%
10,1%
8,5%
0,0%
French doors
Panel doors
Windows
New door model
0
ASSUMPTIONS REGARDING SALES
Sales will follow the eplanned expansion activities (distribution in other provinces and New England)
For both years, sales will not materialize until 6 months in the fiscal year (time to establish working relationships with distributiors, etc.)
New products will be lanuched October of next year
Projections suppose same price positioning and product quality (mid to high end)
A2
3- Cost of Sales
HISTORICAL
Opening Inventory
Material Purchases
Freight & Duty
Other
Closing Inventory (-)
Total Material Costs ($)
Direct Labour Wages
Repairs & Maintenance
Services / utilities
Depreciation
Overhead
Other
TOTAL COST OF SALES ($)
PROJECTED
sept-12
$173,700
491,900
18,600
sept-13
$147,500
576,900
20,300
sept-14
$227,100
611,700
22,700
147,500
$536,700
227,100
$517,600
212,400
$649,100
$80,800
4,800
6,400
20,200
18,400
12,000
$679,300
$100,400
1,000
6,100
12,200
21,200
19,200
$677,700
$120,900
1,700
6,800
10,700
28,800
26,300
$844,300
25,6%
72,4%
2,7%
0,0%
21,7%
79,0%
21,8%
85,1%
3,0%
0,0%
33,5%
76,4%
26,9%
72,5%
2,7%
0,0%
25,2%
76,9%
11,9%
0,7%
0,9%
3,0%
2,7%
1,8%
100,0%
14,8%
0,1%
0,9%
1,8%
3,1%
2,8%
100,0%
14,3%
0,2%
0,8%
1,3%
3,4%
3,1%
100,0%
- $
$0,00
sept-15
$212,400
670,000
25,000
3,000
270,000
$640,400
sept-16
$270,000
710,000
35,000
3,000
290,000
$728,000
sept-17
$290,000
778,000
38,000
3,000
270,000
$839,000
$0,00
$150,000
2,500
7,000
12,000
32,000
33,000
$876,900
$158,000
3,000
8,000
13,000
35,000
36,000
$981,000
$166,000
3,000
9,000
14,000
37,000
39,000
$1 107,000
0,0%
24,2%
76,4%
2,9%
0,3%
30,8%
73,0%
27,5%
72,4%
3,6%
0,3%
29,6%
74,2%
26,2%
70,3%
3,4%
0,3%
24,4%
75,8%
0,0%
17,1%
0,3%
0,8%
1,4%
3,6%
3,8%
100,0%
16,1%
0,3%
0,8%
1,3%
3,6%
3,7%
100,0%
15,0%
0,3%
0,8%
1,3%
3,3%
3,5%
100,0%
Opening Inventory
Material Purchases
Freight & Duty
Other
Closing Inventory (-)
Total Material Costs (%)
Direct Labour Wages
Repairs & Maintenance
Services / utilities
Depreciation
Overhead
Other
TOTAL COST OF SALES (%)
ASSUMPTIONS REGARDING COST OF SALES
Input material costs are expected to remain fairly constant over the forecast period.
The addition of new employees is taken into account both in current year and in projection year 1.
A3
4- Expenses
HISTORICAL
Selling Salaries
Traveling
Advertising
Shipping & Delivery
Depreciation
Other
Total Sales Expenses ($)
Management Salaries
Office Salaries
Professional Fees
Telecommunication
Depreciation
Office Expenses
Insurance & Taxes
Bank Charges
Interest on L.T.D.
Bad Debts
Other
Total Admin. Expenses ($)
Research & Development ($)
TOTAL EXPENSES ($)
PROJECTED
sept-12
$38,200
sept-13
$46,900
sept-14
$52,400
9,800
27,400
3,500
22,400
4,800
27,100
8,000
$83,400
$32,000
34,400
9,900
7,000
6,000
$78,800
$30,000
38,100
4,300
9,300
6,900
$91,200
$35,000
41,400
4,900
9,100
12,600
13,700
14,300
29,500
8,700
- $
sept-15
$58,500
sept-16
$60,000
sept-17
$63,000
6,600
32,800
7,500
35,000
12,000
38,000
7,000
$104,900
$38,000
44,000
5,200
9,300
8,500
$111,000
$42,000
46,000
5,700
8,500
9,500
$122,500
$45,000
48,000
6,300
9,500
17,100
19,200
22,500
24,000
18,500
27,700
2,700
16,100
22,600
4,200
17,500
20,000
5,000
18,500
18,000
6,000
17,000
16,000
8,000
$148,400
$144,300
$150,400
$0,00
$167,200
$173,800
$231,800
$223,100
$241,600
$0,00
$158,200
$25,000
$288,100
$278,200
$296,300
$0,00
A4
EXPENSES (%)
Selling Salaries
Traveling
Advertising
Shipping & Delivery
Depreciation
Other
Total Sales Expenses (%)
Management Salaries
Office Salaries
Professional Fees
Telecommunication
Depreciation
Office Expenses
Insurance & Taxes
Bank Charges
Interest on L.T.D.
Bad Debts
Other
Total Admin Expenses (%)
Research & Development (%)
TOTAL EXPENSES (%)
16,5%
0,0%
4,2%
11,8%
0,0%
3,5%
36,0%
13,8%
14,8%
4,3%
3,0%
0,0%
5,4%
0,0%
6,2%
12,7%
3,8%
0,0%
64,0%
0,0%
100,0%
21,0%
0,0%
1,6%
10,0%
0,0%
2,7%
35,3%
13,4%
17,1%
1,9%
4,2%
0,0%
6,1%
0,0%
8,3%
12,4%
1,2%
0,0%
64,7%
21,7%
0,0%
2,0%
11,2%
0,0%
2,9%
37,7%
14,5%
17,1%
2,0%
3,8%
0,0%
7,1%
0,0%
6,7%
9,4%
1,7%
0,0%
62,3%
100,0%
100,0%
0,0%
20,3%
0,0%
2,3%
11,4%
0,0%
2,4%
36,4%
13,2%
15,3%
1,8%
3,2%
0,0%
6,7%
0,0%
6,1%
6,9%
1,7%
0,0%
54,9%
8,7%
100,0%
21,6%
0,0%
2,7%
12,6%
0,0%
3,1%
39,9%
15,1%
16,5%
2,0%
3,1%
0,0%
8,1%
0,0%
6,6%
6,5%
2,2%
0,0%
60,1%
21,3%
0,0%
4,0%
12,8%
0,0%
3,2%
41,3%
15,2%
16,2%
2,1%
3,2%
0,0%
8,1%
0,0%
5,7%
5,4%
2,7%
0,0%
58,7%
100,0%
100,0%
A5
5- Income Statement
HISTORICAL
PROJECTED
Total Sales
Total Cost of Sales
Gross Profit
sept-12
$921,400
679,300
$242,100
sept-13
$933,300
677,700
$255,600
sept-14
$1 122,200
844,300
$277,900
- $
$0,000
0,000
$0,00
sept-15
$1 248,000
876,900
$371,100
sept-16
$1 360,000
981,000
$379,000
sept-17
$1 495,000
1 107,000
$388,000
Sales Expenses
Admin Expenses
R&D
Total Expenses
$83,400
148,400
0,00
$231,800
$78,800
144,300
0,00
$223,100
$91,200
150,400
0,00
$241,600
$0,000
0,00
0,00
$0,00
$104,900
158,200
25,00
$288,100
111,000
167,200
0,00
$278,200
122,500
173,800
0,00
$296,300
$10,300
$0,00
$10,300
$32,500
$0,00
$32,500
$36,300
$0,00
$36,300
$83,000
$0,00
$83,000
$100,800
$0,00
$100,800
$91,700
$0,00
$91,700
$10,300
$32,500
$36,300
$83,000
$100,800
$91,700
Amortization
PROFITS / LOSS FROM
OPERATIONS BEFORE TAX
Taxes
Net income
A6
$2,800
127,600
1,300
147,600
2,300
Current Assets
Land
Building
Furniture & Fixtures
Equipment & Machinery
Other
Net Fixed Assets
$281,600
$248,600
15,800
19,800
15,000
$2,100
TOTAL ASSETS
$299,200
LIABILITIES
Bank Loan
Accounts Payable
Accruals
Current Portion of L.T.D.
Income Taxes Payable
Other
Current Liabilities
Term Debt
Shareholders' Advances
Other
Non Current Liabilities
Common Shares
Preferred Shares
Retained Earnings
Contributed Surplus
$110,000
69,200
9,200
32,900
2,700
$224,000
$196,600
64,100
$260,700
$60,000
38,200
$2,100
$98,200
$582,900
$582,900
A7
2015
ASSETS
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Other
Current Assets
Land
Building
Furniture & Fixtures
Equipment & Machinery
Other
Net Fixed Assets
$309,800
$273,500
$2,300
TOTAL ASSETS
LIABILITIES
Bank Loan
Accounts Payable
Accruals
Current Portion of L.T.D.
Income Taxes Pa
Other
Current Liabilities
Term Debt
Shareholders' Advances
Other
Non Current Liabilities
$3,100
140,400
1,400
162,400
2,500
17,400
21,800
16,500
$329,200
Common Shares
Preferred Shares
Retained Earnings
Contributed Surplus
$160,000
76,100
10,100
36,200
3,000
$285,400
$216,300
70,500
$286,800
$66,000
3,100
$2,300
$69,100
$641,300
$641,300
2016
ASSETS
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Other
$5,100
145,400
6,400
167,400
7,500
Current Assets
Land
Building
Furniture & Fixtures
Equipment & Machinery
Other
Net Fixed Assets
$331,800
$278,500
$5,300
TOTAL ASSETS
17,400
26,800
215,000
$537,700
LIABILITIES
Bank Loan
Accounts Payable
Accruals
Current Portion of L.T.D.
Income Taxes Payable
Other
Current Liabilities
Term Debt
Shareholders' Advances
Other
Non Current Liabilities
Common Shares
Preferred Shares
Retained Earnings
Contributed Surplus
$165,000
36,100
25,100
45,200
8,000
$350,400
$245,300
85,500
9,000
$339,800
$89,000
50,400
45,200
$5,300
$184,600
$874,800
$874,800
A8
2017
ASSETS
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Other
$5,100
145,400
6,400
167,400
7,500
Current Assets
Land
Building
Furniture & Fixtures
Equipment & Machinery
Other
Net Fixed Assets
$331,800
$278,500
$5,300
TOTAL ASSETS
17,400
26,800
215,000
$537,700
LIABILITIES
Bank Loan
Accounts Payable
Accruals
Current Portion of L.T.D.
Income Taxes Payable
Other
Current Liabilities
Term Debt
Shareholders' Advances
Other
Non Current Liabilities
Common Shares
Preferred Shares
Retained Earnings
Contributed Surplus
$165,000
36,100
25,100
45,200
8,000
$350,400
$245,300
85,500
9,000
$339,800
$89,000
50,400
45,200
$5,300
$184,600
$874,800
$874,800
A9
7- Cash Flow
2015
Collection of Sales
Loans/ Investments
Sale of Assets
Other
Total Source
Purchases Payment
Direct Labour Wages
Repairs & Maintenance
Utilities & Taxes
Sales Expenses
Administrative Expenses
Interest
Repayment of the Debt
Other
Total Application
Surplus/ (Deficit)
Opening Cash Position
CASH / LOAN REQUIRED
October
$113,900
November
$102,700
December
$99,800
January
$99,500
200,000
February
$97,000
March
$115,000
$113,900
$47,200
13,900
$102,700
$44,600
13,900
$99,800
$44,500
13,900
$299,500
$44,700
13,900
$97,000
$53,000
13,900
$115,000
$58,000
13,900
6,100
12,000
4,100
3,800
5,300
$92,400
$21,500
-142,300
-$120,800
6,100
12,000
3,600
3,800
5,300
$89,300
$13,400
-120,800
-$107,400
6,400
12,000
3,600
3,800
10,300
$94,500
$5,300
-107,400
-$102,100
6,400
12,000
3,700
3,800
10,300
$94,800
$204,700
-102,100
$102,600
6,100
12,000
3,700
4,200
6,100
12,000
3,700
4,200
$92,900
$4,100
102,600
$106,700
$97,900
$17,100
106,700
$123,800
Collection of Sales
Loans/ Investments
Sale of Assets
Other
Total Source
April
$99,800
May
$110,000
June
$102,000
July
$120,000
August
$125,000
September
$102,000
$99,800
$110,000
$102,000
$120,000
$125,000
$102,000
Purchases Payment
Direct Labour Wages
Repairs & Maintenance
Utilities & Taxes
Sales Expenses
Administrative Expenses
Interest
Repayment of the Debt
Other
Total Application
$46,500
14,500
3,000
5,000
6,000
12,000
3,700
4,200
2,500
$97,400
$55,000
14,500
$50,000
14,500
3,000
6,400
12,000
3,700
4,200
$53,000
14,500
3,000
$52,000
14,500
$58,000
14,500
6,400
12,000
3,700
4,200
6,400
12,000
3,700
4,200
6,000
6,400
12,500
3,700
4,200
$95,500
$93,800
$96,800
$92,800
$105,300
$2,400
123,800
$126,200
$14,500
126,200
$140,700
$8,200
140,700
$148,900
$23,200
148,900
$172,100
$32,200
172,100
$204,300
-$3,300
204,300
$201,000
2015 (con't)
Surplus/ (Deficit)
Opening Cash Position
CASH / LOAN REQUIRED
6,100
12,000
3,700
4,200
A10
2016
Collection of Sales
Loans/ Investments
Sale of Assets
Other
Total Source
Purchases Payment
Direct Labour Wages
Repairs & Maintenance
Utilities & Taxes
Sales Expenses
Administrative Expenses
Interest
Repayment of the Debt
Other
Total Application
Surplus/ (Deficit)
Opening Cash Position
CASH / LOAN REQUIRED
2016 (con't)
Collection of Sales
Loans/ Investments
Sale of Assets
Other
Total Source
Purchases Payment
Direct Labour Wages
Repairs & Maintenance
Utilities & Taxes
Sales Expenses
Administrative Expenses
Interest
Repayment of the Debt
Other
Total Application
Surplus/ (Deficit)
Opening Cash Position
CASH / LOAN REQUIRED
October
$125,300
November
$113,000
December
$109,800
January
$109,500
February
$106,700
March
$126,500
$125,300
$51,200
14,500
3,300
5,500
6,600
12,500
3,700
4,200
$113,000
$60,500
14,500
$109,800
$55,000
14,500
3,300
$109,500
$58,300
14,500
3,300
$106,700
$57,200
14,500
$126,500
$63,800
14,500
67,000
12,500
3,700
4,200
7,000
12,500
3,700
4,200
7,000
12,500
3,700
4,200
7,000
12,500
3,700
4,200
6,600
7,000
12,500
3,700
4,200
$101,500
$23,800
$201,000
$224,800
$102,100
$10,900
$224,800
$235,700
$100,200
$9,600
$235,700
$245,300
$103,500
$6,000
$245,300
$251,300
$99,100
$7,600
$251,300
$258,900
$112,300
$14,200
$258,900
$273,100
April
$109,500
May
$121,000
June
$112,000
July
$132,000
August
$130,000
September
$120,000
$109,500
$51,000
14,500
3,300
5,500
6,600
12,500
3,700
4,200
2,400
$103,700
$5,800
$273,100
$278,900
$121,000
$60,500
14,500
$112,000
$55,000
14,500
3,300
$132,000
$58,300
14,500
3,300
$130,000
$57,200
14,500
$120,000
$63,800
14,500
6,710
12,500
3,700
4,200
7,040
12,500
3,700
4,200
7,040
12,500
3,700
4,200
7,040
12,500
3,700
4,200
6,600
7,040
13,000
3,700
4,200
$102,110
$18,890
$278,900
$297,790
$100,240
$11,760
$297,790
$309,550
$103,540
$28,460
$309,550
$338,010
$99,140
$30,860
$338,010
$368,870
$112,840
$7,160
$368,870
$376,030
A11
8- Financial Requirements
2014
Land
Building
Equipment & Machinery
Furniture & Fixtures
Research & Development
2015
$150 000
$5 000
Total Assets
$155 000
$0
Total Others
$0,00
$0,00
Working Capital
Existing Loan 1
Creditor
Purpose
Type
Collateral
Outstanding
Maturity Date
Interest Rate
Repayment
Existing Loan 2
Creditor
Purpose
Type
Collateral
Outstanding
Maturity Date
Interest Rate
Repayment
A12
Existing Loan 3
Creditor
Purpose
Type
Collateral
Outstanding
Maturity Date
Interest Rate
Repayment
The loan no.1 is needed in order to meet our sales objectives for year 2.
A13
9- Performance Indicators
Current Ratio
Age of Accounts Receivable
Inventory Turnover (times)
Interest Coverage
Total Debt to Equity (%)
Return on Investment (%)
Return on Assets (%)
Asset Turnover (times)
HISTORICAL
PROJECTED
sept-14
1,26
40,93
649,46
2,61
1,41
22,37
6,23
1,93
sept-15
1,09
40,50
626,36
5,15
1,81
59,46
12,94
1,95
sept-16
0,95
38,49
153,28
6,60
1,08
37,32
11,52
1,55
sept-17
0,95
35,01
172,97
6,73
1,08
33,95
10,48
1,71
A14
TELEPHONE: WORK
E-MAIL
PRESENT EMPLOYER
EMPLOYER'S TELEPHONE
HOW LONG IN CURRENT JOB?
SALARY
Wright
Johnathan W.
102 Elm Drive
New Barton, ON N2O 3T3
HOME
519-555-5020
jwright@doorstotheworld.com
519-555-2003
DATE OF BIRTH
12/13/1962
(if less than 3 years at present one)
PREVIOUS EMPLOYER
TELEPHONE
HOW LONG?
SALARY
FAMILY
YOUR STATUS
N OF DEPENDENTS
SPOUSE'S LAST NAME
FIRST NAME
DATE OF BIRTH
OCCUPATION
(excluding spouse)
Wright
Marie
12/13/1962
VP Finances
SPOUSE'S EMPLOYER
TELEPHONE
HOW LONG?
SALARY
SOURCE OF INCOME
FINANCIAL STATUS
ANNUAL AMOUNT
Employment
2030293 Canada Inc.
ASSETS
Cash
RRSP
Life Insurance (cash value)
Real Estate (present value)
Automobiles
Stocks, bonds, etc. ($ value)
Household & Personal Effects
Total Assets
Monitel Communications
519-555-9928
9 years
$67 000
COMMENTS
$125 000
15 000
0
$140 000
LIABILITIES
$6 000
85 000
500 000
230 000
32 000
8 000
5 000
0
$866 000
Total Liabilities
$25 000
2 500
180 000
0
0
$207 500
NET WORTH
$658 500
A15
DIRECTOR / BACKER N 2
LAST NAME
FIRST NAME & INITIALS
ADDRESS
TELEPHONE: WORK
E-MAIL
Wright
David
2203 Lakeside Street
New Barton, On N2O 2T0
519 555-5020
HOME
dwright@doorstotheworld.com
519 555-2293
DATE OF BIRTH
10/13/1965
(if less than 3 years at present one)
PRESENT EMPLOYER
EMPLOYER'S TELEPHONE
HOW LONG IN CURRENT JOB?
SALARY
PREVIOUS EMPLOYER
TELEPHONE
HOW LONG?
SALARY
FAMILY
YOUR STATUS
N OF DEPENDENTS
(excluding spouse)
SPOUSE'S EMPLOYER
FIRST NAME
TELEPHONE
DATE OF BIRTH
HOW LONG?
OCCUPATION
SALARY
SOURCE OF INCOME
FINANCIAL STATUS
Employment
ANNUAL AMOUNT
COMMENTS
$47 000
0
$47 000
ASSETS
Cash
RRSP
Life Insurance (cash value)
Real Estate (present value)
Automobiles
Stocks, bonds, etc. ($ value)
Household & Personal Effects
Total Assets
LIABILITIES
$5 000
6 000
150 000
0
0
$161 000
$594 000
A16
DIRECTOR / BACKER N 3
LAST NAME
FIRST NAME & INITIALS
ADDRESS
TELEPHONE: WORK
HOME
DATE OF BIRTH
E-MAIL
(if less than 3 years at present one)
PRESENT EMPLOYER
PREVIOUS EMPLOYER
EMPLOYER'S TELEPHONE
TELEPHONE
HOW LONG?
SALARY
SALARY
FAMILY
YOUR STATUS
(excluding spouse)
N OF DEPENDENTS
SPOUSE'S LAST NAME
SPOUSE'S EMPLOYER
FIRST NAME
TELEPHONE
DATE OF BIRTH
HOW LONG?
OCCUPATION
SALARY
SOURCE OF INCOME
FINANCIAL STATUS
ANNUAL AMOUNT
COMMENTS
0
$0
ASSETS
Cash
RRSP
Life Insurance (cash value)
Real Estate (present value)
Automobiles
Stocks, bonds, etc. ($ value)
Household & Personal Effects
Total Assets
LIABILITIES
0
0
0
$0
$0
A17