SYNTHESE

Year 1 Year 2 Year 3

Product Sales

Services sales 750,000 900,000 1,170,000

TOTAL REVENUS 750,000 900,000 1,170,000

Product Supplies - - -
Marketing (45,000) (45,000) (45,000)
Payroll (6,998) (36,540) (36,540)
Taxes vat (150,000) (180,000) (234,000)
Other Expenses (44,892) (44,892) (44,892)
TOTAL CHARGES (246,890) (306,432) (360,432)

EVOLUTION
EBITDA

EBITDA / REV
DES PRODUITS & CHARGES 503,110 593,568 809,568
67% 66% 69%
Company Taxes 167,686.56 197,836.21 269,829.01
Net Income 335,423 395,732 539,739
1200 000

1000 000

800 000

1170 000

600 000
900 000
750 000
400 000

200 000

- EVOLUTION COMPAREE
(246 890)
(306 432)
1
EBITDA vs2 REVENUE 3(360 432)
(200 000)
1400 000

(400 000)
1200 000

1000 000
900 000

809 568
800 000 750 000

593 568
600 000
503 110

400 000 VENTILATION DES REVENUS

1400000
200 000

-
1200000
1170 000
1 2 3

1000000

800000 Row 6
Row 5

600000 1170 000

400000

200000

0
1 2 3
France - Yearly
Hypothesis
P&L

in k Year 1

Product sales
Service Sales 750,000
REVENUES 750,000

Product expenses -
Supplies

Marketing 45,000

Acquisition / promotion / advertising expenses 40,000

After sales
Online Advertising 5,000

Payroll 6,998
Wages -
Social charges -
Employee fees 6,998

Taxes VaT 20% on sales (150,000)

Other expenses 44,892

Rent 42,000
Utilities -
Supplies -
Insurance 780
Accounting 2,112
Lawyers -
Consulting -
Travel and expenses -

CHARGES (53,110)

EBITDA 803,110
% revenues 107%

FINANCIAL RESULT -

Income tax

NET INCOME 803,110

% revenues 107%

Cash flows hypothesis 176600.0

Investments 88300.0
Investments 59,000
Supplies 29,300

Financing 264900.0
Fundraising 88,300
Debt -

Headcount 6648.0
+ interns 6648.0

Employee 1
Wage -
Employee 2
Wage -

Interns
Wage 6,648

Social charges 45%

Charges 0

COMPANY TAXES
15% UP TO 38 120 euros PROFIT ON A 12 month period
then 33,1/3 % from 38 121 euro
 Year 2 Year 3

- -
900,000 1,170,000
900,000 1,170,000

- -
- -

45,000 45,000

40,000 40,000
-
5,000 5,000

36,540 36,540
25,200 25,200
11,340 11,340
- -

(180,000) (234,000)

44,892 44,892
42,000 42,000
- -
- -
780 780
2,112 2,112
- -
- -
- -

(53,568) (107,568)

846,432 1,062,432
94% 91%

- -

247,500 297,000

1,093,932 1,359,432
122% 116%

-88300.0 -88300.0
88300.0 88300.0
59,000 59,000
29,300 29,300

88,300 88,300
- -

36540.0 36540.0
0.0 0.0

25,200 25,200

- -

45% 45%
11340 11340
France - Yearly
Hypothesis
P&L

in k Year 1

Product sales 350,000

Service Sales 200,000
REVENUES 550,000

Operating expenses 445,000

Purchase of goods 400,000

40,000
Acquisition / promotion / advertising expenses
After sales
Online Advertising 5,000

Payroll 6,998
Wages -
Social charges -
Employee fees 6,998

Other expenses 74,192

Rent 42,000
Utilities -
Supplies 29,300
Insurance 780
Accounting 2,112
Lawyers -
Consulting -
Travel and expenses -

CHARGES 526,190

EBITDA 23,810
% revenues 4%

Allocation to depreciation & provisions 13,566

EBIT 10,244

Finacial result (2 000)

Income tax 3,414

NET INCOME 6,830

% revenues 1%

Headcount 6648.0
+ interns 6648.0
Employee 1
Wage -
Employee 2
Wage -

Interns
Wage 6,648

Social charges 45%

Charges 0

COMPANY TAXES
15% UP TO 38 120 euros PROFIT ON A 12 month period
then 33,1/3 % from 38 121 euro
 Year 2 Year 3

657,000 858,000
243,000 312,000
900,000 1,170,000

545,000 640,000
500,000 600,000

40,000 35,000

-
5,000 5,000

36,540 36,540
25,200 25,200
11,340 11,340
- -

74,192 74,192
42,000 42,000
- -
29,300 29,300
780 780
2,112 2,112
- -
- -
- -

655,732 750,732

244,268 419,268
27% 36%

13,566 13,566

230,702 405,702

(2 000) (2 000)

76,893 135,220

153,809 270,482
17% 23%

36540.0 36540.0
0.0 0.0
25,200 25,200

- -

45% 45%
11340 11340
SYNTHESE

Product Sales

Services sales

TOTAL REVENUS
Marketing

Payroll

Other Expenses

TOTAL CHARGES

EBITDA
Allocation to depreciation & provisions

EBIT

EBIT/ REV

Interest

Company Taxes

Net Income

EVOLUTION DES PRODUITS &

1200 000

1000 000

800 000

600 000 900 000

550 000
400 000

200 000
 800 000

600 000 900 000

550 000
400 000

200 000

-
1 (526 190) 2
(655 732)
(200 000)

(400 000)

(600 000)

(800 000)

EVOLUTION COMPAR
CA vs EBIT
1400 000

1200 000

1000 000

900 000

800 000

600 000
550 000

400 000

230 702
200 000

10 244
400 000

230 702
200 000

10 244
-
1 2

VENTILATION DES REV

1400 000

1200 000

1000 000

800 000

600 000

900 000
400 000

550 000
200 000

-
1 2
 Year 1 Year 2 Year 3

350,000 657,000 858,000

200,000 243,000 312,000

550,000 900,000 1,170,000

(445,000) (545,000) (640,000)

(6,998) (36,540) (36,540)

(74,192) (74,192) (74,192)

(526,190) (655,732) (750,732)

23,810 244,268 419,268

13,566 13,566 13,566

10,244 230,702 405,702

2% 26% 35%

-2,000 -2,000 -2,000

3,414 76,893 135,220

4,830 151,809 268,482

PRODUITS & CHARGES

1170 000

900 000
 1170 000

900 000

2 3
(655 732)
(750 732)

TION COMPAREE
A vs EBIT

900 000

405 702

230 702
 230 702

1170 000
2 3

ION DES REVENUS

1170 000

900 000

2 3
 in k

Fixed assets

Intangible assets

Administration fees

Software

tangible assets

Office supplies

Circulating assets

Stocks

Receivables

Availabilities

Grand total

Valorisation de l'entreprise
Afin de valoriser lentreprise nous allons faire une analyse de la rentabilit et du risque financier d

Analyse de la rentabilit

Year 1
Excdent Brut d'Exploitation 16,396
Capacit d'Autofinancement 18,396

Besoin de Fond de Roulement -219,762

Fond de Roulement 51,024

Trsorerie Nette 270,786

Ratio de Rentabilit Financire 5%

 ACTIVE
Year 1 Year 2 Year 3

Brute ADP Net Net Net

103,150 20,630 82,520 61,890 41,260

53,150 10,630 42,520 31,890 21,260

44,150 8,830 35,320 26,490 17,660

9,000 1,800 7,200 5,400 3,600

50,000 10,000 40,000 30,000 20,000

50,000 10,000 40,000 30,000 20,000

529,786 15,000 514,786 679,966 840,596

100,000 5,000 95,000 90,000 85,000

100,000 10,000 90,000 80,000 70,000

329,786 - 329,786 509,966 685,596

632,936 35,630 597,306 741,856 881,856

rentabilit et du risque financier de lentreprise.

Year 2 Year 3
163,375 280,048
165,375 282,048

-178,854 -178,854

282,112 467,742

460,966 646,596

48% 55%
 LIABILITIES
Year 1 Year 2 Year 3

Equity 133,544 344,002 509,002

Share capital 83,300 83,300 83,300

Result 10,244 230,702 405,702

Provisions for risks and charges 40,000 30,000 20,000

Debts 463,762 397,854 372,854

Long-term debts 59,000 49,000 39,000

Borrowing 59,000 49,000 39,000

Short-term debts 404,762 348,854 333,854

Operating debts 400,000 300,000 250,000

Others debts 4,762 48,854 83,854

Grand total 597,306 741,856 881,856