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Operating Expenses
Research & development 6,020 4,464 4,176
Sales & marketing 17,784 16,272 14,256
General & administrative 4,952 4,248 3,960
Total Operating Expenses 28,756 24,984 22,392
Long-Term Assets
Plant, property, and equipment, net 9,117 7,014
Intangible assets, net 1,954 2,082
Other assets 559 408
Total Long-Term Assets 11,630 9,504
Long-Term Liabilities
Warranty reserve 1,354 1,192
Notes payable, less current portion 5,582 4,525
Total Long-Term Liabilities 6,936 5,717
Stockholders' Equity
Common stock 34,884 34,884
Retained earnings 17,024 10,408
Total Stockholders' Equity 51,908 45,292
GenieTech
Labor - Cartridge
Supervision 236,500 Production coordinator, 3 foremen
Direct / Indirect Labor 260,700 12 machine operators @ ~$22K
Overhead
Rent / Floor Space 255,000 Current rental of 25K sq ft, incl
office space
Depreciation 315,400 8 presses @ $275K + $320K aux
equip, 8-year straight-line
depreciation
Utilities 482,400 Incl 8 presses @ 50 kw x 24 hrs x 5
days x 50 weeks x ~$0.20/kwh
Insurance (Equipment) 54,900
Repairs & Maintenance 213,200
Maintenance, Repair, & Ops Supplies 108,900
Variable Overhead 329,700 Controller, billing, sales order clerk,
and warehouse manager
Total Overhead 1,759,500
Capital Requirements
Acquisition Price 5,750,000 Based on 5x EBITDA multiple
Machinery & Equipment -
Molding Machines Cost -
Molds -
$1.15
4,687,500
5,390,625
1,087,000
3,560,156
5,390,625
1,073,400
90,000
11,201,181
4,687,500
$2.390
$2.960
$2.390 No delivery required
$0.570
2,673,819
-
3,182,000
375,000 Estimated cost for new Hitachi
molding machine
115,000 Cartridge cover and base molds for
each molding machine
4
425,000 Quoted installation cost
645,000
152,000 Allowance of 5% of total capital
investment in equipment
425,000
3,607,000
$0.570
6,323,470
4,687,500
1.3
Comparison of cartridge capacity
GenieTech In-House
Molds
Parts per Mold (Cavities)
Cycle Time (Seconds)
Shift (Hours) assume 8 hour shifts
Cycles per Shift
Parts per Shift
Cartridges per Shift (Cover + Base)
Machine up-time
Labor
Raw Materials
Reagent Costs
Overhead
Contingency
Total Operating Costs
Note: Labor and overhead costs are increased by 2% annually over the forecasted period.
Labor
Raw Materials
Reagent Costs
Overhead
Contingency
Total Operating Costs
Note: Labor and overhead costs are increased by 2% annually over the forecasted period.
2013 2014 2015
.
Assumptions
10% annual growth
Assumptions
10% annual growth