Balance Sheey.xlsx by liwenting

VIEWS: 1 PAGES: 9

									Income Statement History
                                               2018                2017                2016                2015             2014
Sales Revenue                          $15,513,714         $16,866,966         $16,269,197         $15,894,784       $9,174,812
Less: Cost of Goods Sold                $7,684,016          $8,230,167          $7,822,690          $9,009,487       $5,906,303


GROSS MARGIN                            $7,829,698          $8,636,799          $8,446,507          $6,885,297       $3,268,510
Selling & Distribution Expenses
Salaries                                  $270,000            $270,000            $270,000            $240,000         $150,000
Brand Advertising                         $800,000            $800,000            $800,000            $700,000         $700,000
Product Advertising                     $1,725,000          $1,725,000          $2,225,000          $1,625,000       $1,000,000
Product PR                                       $0                  $0           $400,000                   $0               $0
Distribution Channel Support              $266,737            $271,411            $272,515            $246,416         $218,270
Finished Goods Warehousing                $132,950            $250,400            $757,050            $676,400         $112,650
Product Development Projects                     $0                  $0                  $0         $1,000,000                $0
Sales Of Obsolete Stock                          $0                  $0                  $0                  $0               $0
Cost Of Obsolete Goods Sold                      $0                  $0                  $0                  $0               $0


                                        $3,194,687          $3,316,811          $4,724,565          $4,487,816       $2,180,920
Administration Expenses
Salaries                                  $180,000            $210,000            $180,000            $180,000         $120,000


                                          $180,000            $210,000            $180,000            $180,000         $120,000


TOTAL OTHER EXPENSES                    $3,374,687          $3,526,811          $4,904,565          $4,667,816       $2,300,920
Other Income
Interest on Cash in Bank                  $327,675            $259,892            $159,790             $93,071         $113,050


TOTAL OTHER INCOME                        $327,675            $259,892            $159,790             $93,071         $113,050
Profit Before Taxation                  $4,782,686          $5,369,879          $3,701,732          $2,310,553       $1,080,639
Less: Income Tax                        $1,434,806          $1,610,964          $1,110,520            $693,166         $324,192
Plus: Tax Credit                                 $0                  $0                  $0                  $0               $0
Profit After Taxation                   $3,347,880          $3,758,916          $2,591,212          $1,617,387         $756,447


NET INCOME                        $ 3 ,3 4 7 ,8 8 0   $ 3 ,7 5 8 ,9 1 6   $ 2 ,5 9 1 ,2 1 2   $ 1 ,6 1 7 ,3 8 7   $ 7 5 6 ,4 4 7
        
Balance Sheet History
ASSETS                                        2018                     2017                     2016                     2015                    2014
Current Assets
Cash                                   $18,257,465              $14,837,722              $11,411,389               $4,727,383              $4,672,836
Raw Materials Inventory                        $0                       $0                       $0                       $0                      $0
Finished Goods Inventory                 $588,020                 $368,744                 $643,698                $2,602,660               $934,014



Total Current Assets                   $18,845,485              $15,206,466              $12,055,087               $7,330,043              $5,606,850
Non Current Assets
Plant                                   $7,627,200               $7,627,200               $6,000,000               $8,000,000              $5,000,000
Less: Accumulated Depreciation          $3,421,524               $2,954,227               $2,435,008               $2,718,530              $2,131,700


Total Non Current Assets                $4,205,676               $4,672,973               $3,564,992               $5,281,470              $2,868,300
TOTAL ASSETS                           $23,051,161              $19,879,439              $15,620,079              $12,611,513              $8,475,150
LIABILITIES AND                               2018                     2017                     2016                     2015                    2014
STOCKHOLDERS' EQUITY
Current Liabilities
Company Tax To Pay                      $1,434,806               $1,610,964               $1,110,520                $693,166                $324,192
Total Current Liabilities               $1,434,806               $1,610,964               $1,110,520                $693,166                $324,192
TOTAL LIABILITIES                       $1,434,806               $1,610,964               $1,110,520                $693,166                $324,192
Equity
Number of Shares Outstanding:            1,226,869                1,226,869                1,226,869                1,226,869               1,000,000
Share Capital                           $3,150,002               $3,150,002               $3,150,002               $3,150,002              $1,000,000
Retained Earnings                      $18,466,354              $15,118,473              $11,359,558               $8,768,345              $7,150,958
TOTAL EQUITY                           $21,616,355              $18,268,475              $14,509,559              $11,918,347              $8,150,958
LIABILITIES AND STOCKHOLDERS' EQUITY   $23,051,161              $19,879,439              $15,620,079              $12,611,513              $8,475,150
Solvency
Current                                      13.13                     9.44                    10.86                    10.57                   17.29
Debt to Equity                                0.07                     0.09                     0.08                     0.06                    0.04
Profitability
Return on Equity                              15%                      21%                      18%                      14%                      9%
Earnings per Share                            2.73                     3.06                     2.11                     1.32                    0.76
                                                                                                                                                                                                                                           
                                         
Industry Benchmark Report             Enviro Cycles         Firm2 East Coast Choppers          Firm4    Wild Hogs JSC Wheels
Financial Results
Shareholder Value (SHV)                    $124.52          $1.45              $56.09         $20.74        $31.81         $24.07
Cumulative Change in SHV                    1200%            -85%               486%           117%          232%           151%
Share Price                                 $99.60          $0.01              $55.95         $14.17        $31.81         $24.07
Dividend Per Share                          $12.60          $0.00               $0.14          $6.57         $0.00          $0.00
Number of Shares                            741,187     1,245,967              670,857     936,677     976,245   1,226,869
Market Capitalization                  $73,823,301       $12,460          $37,532,283 $13,276,390 $31,055,824 $29,528,495
Total Shareholder Value                $92,293,681     $1,873,695         $37,626,203    $19,430,358   $31,055,823    $29,528,495
Retail Sales                           $39,093,600    $10,765,000         $31,553,340    $20,122,938   $39,694,850    $23,974,180
Wholesale Sales                        $31,274,880     $6,997,651         $23,053,884    $11,400,685   $25,319,182    $15,513,714
Gross Margin                           $20,998,780     $3,888,947         $13,352,305     $4,420,911   $15,465,172     $7,829,698
Profit After Tax                       $10,333,687      ($321,452)         $3,540,844      $410,060     $5,959,009     $3,347,880
Number of Shares                            741,187      1,245,967             670,857       936,677        976,245      1,226,869
Earnings per Share                          $13.94         ($0.26)              $5.28          $0.44         $6.10          $2.73
Cash                                   $12,003,158      ($302,332)         $4,393,335     $5,306,275   $19,179,745    $18,257,465
Net Assets                             $12,372,101      ($701,905)        $13,969,732     $7,074,373 $21,325,423 $21,616,355
D/E Ratio (book equity)                        0.36            100                0.11           0.02        0.16        0.07
Customer Satisfaction
Wholesale Sales                        $31,274,880     $6,997,651         $23,053,884    $11,400,685   $25,319,182    $15,513,714
Brand Advertising                         $750,000      $650,000             $505,000       $400,000    $2,000,000       $800,000
Total Product Advertising               $2,900,000            $0           $5,260,000     $2,750,000    $2,829,999     $1,725,000
Total Product PR                        $2,000,000     $2,700,000           $200,026       $122,500     $1,490,000             $0
Average Retailer Margin                        20%           35%                 27%            43%           36%            35%
Distribution Channel Support              $157,131      $191,181            $443,528       $390,410      $248,660       $266,737
Internal Results
Capacity (SCU)                               38,500        15,640              64,597         20,000        32,572         38,136
Wastage                                        25%            3%                 44%            12%             9%           37%
Idle Time                                       0%           65%                  5%             0%             5%            8%
Quality Index                                   0.6          0.94                 0.53          0.82           0.87           0.64
No. of Products                                   3             1                    4             1              2              2
Innovation and Learning
Production Improvement                  $1,350,000     $1,103,002          $1,030,000     $2,210,280    $2,096,093     $1,123,634
No. of Product Devpts (last period)               0             0                   1              0             0              0
No. of Product Devpts (Total)                     2             1                   3              0             2              1
Demand Forecast Accuracy                       99%           80%                 75%            91%           78%            91%
Market Summary (All Product Details)

                     Firm                  Sales     Retail Price Awareness PR          Distribution Quality Prev Delivery* Current Delivery* Product Specs
Road
QuickShifta_2015     Firm2                   5,000       $2,153        0.24      0.57          0.33    0.94           0.83              0.84            0.1
Flash_2015           Wild Hogs               8,717       $1,950        0.42       0.4          0.73    0.87              1                 1            0.1
Bolt_2016            Enviro Cycles           3,997       $2,100        0.19      0.39           0.2     0.6              1                 1            0.1

Average (Weighted)                          17,714       $2,051        0.31      0.46          0.48    0.84           0.94                 -            0.1

Mountain
Adv1                 Enviro Cycles          25,364         $630         0.3      0.15          0.22     0.6              1                 1            0.6
Adv3                 East Coast Choppers    23,086         $570        0.34      0.07          0.37    0.53           0.88                 1            0.6
Adv4                 Firm4                  32,094         $627        0.35      0.09          0.34    0.82           0.96                 1            0.6
Adv5                 Wild Hogs              34,918         $650        0.41      0.11          0.46    0.87              1              0.95           0.65
Adv6                 JSC Wheels             25,522         $530        0.19      0.03           0.3    0.64              1                 1            0.6
Blake                East Coast Choppers     8,828         $620        0.15        0           0.37    0.53              1                 1            0.6

Average (Weighted)                         149,812         $608        0.32      0.09          0.35     0.7           0.97                 -           0.61


Youth
SuperB_2015          Enviro Cycles          46,732         $315        0.33      0.05          0.35     0.6              1                 1            0.1
NinjaX_2015          East Coast Choppers    23,984         $300         0.3         0          0.49    0.53              1              0.93            0.1
SuperB_2015_A        JSC Wheels             30,728         $340        0.38      0.01          0.52    0.64              1               0.9            0.1
NinjaX_2016          East Coast Choppers    19,744         $290        0.17         0          0.49    0.53              1              0.93            0.1


Average (Weighted)                         121,188         $315        0.31      0.02          0.45    0.59              1                 -            0.1
Financial Management Overview
The following key results have been forecasted for 2019:


                                                 Pro Forma 2019
CLOSING CASH BALANCE FROM
PREVIOUS PERIOD (2018)                              $18,257,465


FINANCIAL DECISIONS                                          $0


CASH AVAILABLE AFTER FINANCIAL DECISIONS            $18,257,465


OPERATIONAL DECISIONS                                ($3,728,634)


CASH AVAILABLE AFTER OPERATIONAL DECISIONS $14,528,831

AVAILABLE OVERDRAFT                                   $7,382,124


FUNDS REMAINING                                     $21,910,955
Factory Report

Period                           2018        2017        2016          2015         2014       2013        2012        2011


CAPACITY
Capacity sold (SCU)                 0           0      10,000             0            0          0           0           0
Capacity purchased(SCU)             0       8,136           0        15,000        5,000          0           0           0
TOTAL CAPACITY (SCU)           38,136      38,136      30,000        40,000       25,000     20,000      20,000      20,000



Capacity was allocated to:
Production (%)                   55%         55%         55%           61%          66%        69%         65%         50%
Wastage (%)                      37%         39%         32%           33%          26%        23%         22%         17%
Idle Time (%)                      8%          6%        13%            6%           8%          8%        13%         33%



                                 100%        100%        100%         100%         100%        100%        100%        100%


Administration Staff                6           7           6             6            4          4           4           4
Marketing & Sales Staff             9           9           9             8            5          5           4           4
Production Admin Staff              4           4           3             4            3          2           2           2


PRODUCTION PROCESS
Efficiency Improvement       $661,017    $661,017          $0    $2,459,186   $1,000,000   $250,000    $250,000    $250,000
Efficiency Index                   0.6        0.58        0.63         0.65         0.71        0.75        0.75        0.75
Max Production Efficiency        60%         58%         63%           65%          71%        75%         75%         75%
Quality Improvement          $462,617    $462,617    $462,617     $462,617     $462,617    $150,000    $150,000    $150,000
Quality Index                     0.64        0.63        0.65         0.63         0.72        0.75        0.75        0.75

								
To top