Cash Flow Statement

Cash Flow from Operating Activites

Op Profit 147
Ebitda
Adjust for Operating Accruals
Inventory -179
Accounts receivable -146
Accounts Payable 132
Accrued Expenses 15

Cash Generated from Operating Activities -31

Taxes Paid -16
Cash used in Operating Activities -47

Cash Flow from Investing Activities

Property -31
Cash used in Investing Activities -31

Cash Flow from Financing Activities

Notes Payable(Stark) -105
Long Term -14
Notes Payable(Bank) 233
Interest Ex -53
Cash generated from Financing Activities 61

Net Increase/Decrease in Cash -17

 Income statement
2008 2009 2010 2011@Q1 Consolidated
(in thousan(in thousand $) (in thousand $) (in thousand $) (in thousand $)
Net Sales 1697 2013 2694 718 4707
Cogs 1222 1437 1950 522 3387
Op Inventory 183 239 326 418 239
Purchases 1278 1524 2042 660 3566
Cl Inventory 239 326 418 556 418
Gross Profit 475 576 744 196 1320
Op ex 425 515 658 175 1173
Int ex 13 20 33 10 53
PBT 37 41 53 11 94
Tax 6 7 9 2 16
PAT 31 34 44 9 78

Percentage
2010 Q1 698 25.9094283593
2011 Q1 718
 Income Statement percentage of Sales Estimated Income statement
2008 2009 2010 AVG. 2011
(in %) (in %) (in %) (in %) (in thousand $)
Net Sales 100 100 100 100 Net Sales x
Cogs 72.01 71.39 72.38 71.93 Cogs 0.72x
Op Inventory 10.78 11.87 12.10 11.59 Op Inventory 418
Purchases 75.31 75.71 75.80 75.61 Purchases 0.874x-418
Cl Inventory 14.08 16.19 15.52 15.26 Cl Inventory 0.15x
Gross Profit 27.99 28.61 27.62 28.07 Gross Profit 0.28x
Op ex 25.04 25.58 24.42 25.02 Op ex 0.25x
Int ex 0.77 0.99 1.22 0.99 Disc 0.0175x-58.5
PBT 2.18 2.04 1.97 2.06 Int ex 37
Tax 0.35 0.35 0.33 0.35 PBT 0.4644x-1290.23
PAT 1.83 1.69 1.63 1.72 Tax 0.158x-438.68
PAT 0.3065x-851.55
 x
0.72x
418
0.72x-418+78/365*0.72x 0.87x-418
0.15x
0.28x
0.25x
0.0174x-21.56
37
44x-1290.23 0.0474x-58.56
0.016x-19.91
0.0314x-38.65
 Balance Sheet
2008 2009 2010 2011@Q1
(in thousand $) (in thousand $) (in thousand $) (in thousand $)
Cash 58 48 41 31 17
Account Receivable 171 222 317 345 -146
Inventory 239 326 418 556 -179
Current Asset 468 596 776 932 -308
Property 126 140 157 162 -31
Total Asset 594 736 933 1094 -339

Notes Payable(Bank) 146 233 247 -233

Notes Payable(Stark) 105 105
Notes Payable(Trade) 157
Account Payable 124 192 256 243 -132
Accrued Expenses 24 30 39 36 -15
Long Term Debt 7 7 7 7
Current Liability 260 375 535 690 -275
Long Term Debt 64 57 50 47 14
Total Liability 324 432 585 737 -261
Net Worth 270 304 348 357 -78
Total Liability+Net Worth 594 736 933 1094 -339

2008 2009 2010

% of sales % of sales % of sales
Cash 3.4177961108 2.3845007452 1.5219005197
Accrued Expenses 1.4142604596 1.4903129657 1.4476614699
 Estimated Balance Sheet
2011
(in thousand $)
Cash 0.015x 0.015x
Account Receivable 0.117x 0.118x
Inventory 0.15x 0.15x
Current Asset 0.287x 0.283x
Property 0.058x 0.059x
Total Asset 0.3455x 0.342x

Notes Payable(Bank) 465 465

Notes Payable(Stark) 0 0
Notes Payable(Trade) 0 0
Account Payable 0.024x-11.452 (0.72x-418+78/365*0.72x)*10/365 0.024x-11.45
Accrued Expenses 0.015x 0.015x
Long Term Debt 7 7
Current Liability 460.55+0.039x 0.039x+460.55
Long Term Debt 43 43
Total Liability 503.55+0.039x 0.039x+503.55
Net Worth 0.3065x-503.55 0.0314x-309.35
Total Liability+Net Worth 0.3455x 0.0704x+194.2
 2008 2009 2010
Current assets 34.14285714 46.57142857 59.71428571
Current Ratio
Current Liabilities

Monetary current assets 9.714285714 14.85714286 14.42857143

Quick Ratio
Current Liabilities

Operating profit before tax + Interest #REF! #REF! #REF!

Times Interest Earned Ratio
Interest

Accounts payable #REF! #REF! #REF!

No. of Days Payable
Purchases/365

COGS #REF! #REF! #REF!

Inventory Turnover
Inventory

Accounts receivable #REF! #REF! #REF!

No. of Days Receivable
Sales/365

Net income #REF! #REF! #REF!

Profit Margin
Sales

Inventory #REF! #REF! #REF!

Inventory Days
COGS/365

Asset Turnover Ratio Sales #REF! #REF! #REF!

Fixed Assets
2011@Q1
79.42857143 Times

30.14285714 Times

#REF! Times

Days

#REF! Times

Days

#REF! Percent

Days

Times
Comments
Trend is getting worse

Trend is getting worse

Interest expense is increasing

Taking longer to pay dues to creditors

Anticipated sales is increasing inventory on hand

Taking longer to receive payment

Profit is decreasing

#REF!

Per dollar invested in assets is increasing the sales, i.e assets are utilised in a better way