Last revised 2/2020. See revision notes on last tab.

Step 1 - Enter info about your company in yellow shaded boxes below.

Preparer Name Company Name Starting Month Starting Year

Christy Idoko CI Sourcing Ltd January 2023

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to make a "go /no-go" decision. It will help a potential entrepreneur project Enter Data Here
operating profit, develop a projected income statement, balance sheet and
cash flow forecast.
Adjust as Needed
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accounting or Excel experience to those who may be well versed in finance,
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 Start-Up Expenses Year 1 (Starting Balance Sheet)

Start-up Expenses Year 1 (Starting Balance Sheet)

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

Fixed Assets Amount Depreciation (years) Notes

Real Estate-Land 4,100,000 Not Depreciated

Real Estate-Buildings 1,000,000 10
Leasehold Improvements 600,000 10
Equipment 5,000,000 10
Furniture and Fixtures 1,500,000 6
Vehicles 1,200,000 4
Other 9,600,000 6
Total Fixed Assets $ 23,000,000

Operating Capital Amount Notes

Pre-Opening Salaries and Wages 30,000
Prepaid Insurance Premiums 600,000
Inventory 4,000,000
Legal and Accounting Fees 9,000
Rent Deposits 200,000
Utility Deposits 160,000
Supplies 60,000
Advertising and Promotions 40,000
Licenses 15,000
Other Initial Start-Up Costs 60,000
Working Capital (Cash On Hand) 92,000
Total Operating Capital $ 5,266,000
Total Required Funds $ 28,266,000

Sources of Funding Percentage Totals Loan Rate Term in Months Monthly Payments Notes
Owner's Equity 33.99% 9,609,000
Outside Investors 14.15% 4,000,000
Additional Loans or Debt
Commercial Loan 3.54% 1,000,000 9.00% 84 16,089
Commercial Mortgage 10.50% 2,967,500 9.00% 240 26,699
Credit Card Debt 10.61% 3,000,000 7.00% 60 59,404 See Loan Amortization &
Vehicle Loans 7.08% 2,000,000 6.00% 48 46,970 Depreciation Schedule
Other Bank Debt 20.13% 5,689,500 5.00% 36 170,519
Total Sources of Funding 100.00% $ 28,266,000 Cell D 42 must equal cell C31 $ 319,682
Total Funding Needed $ - You are fully funded (Balanced)

Existing Businesses ONLY -- Calculating Cash on Hand Note: For existing businesses, this
Cash - should be the "bucket" of cash plus
+ Accounts Receivable -
receivables that will be turned into cash,
minus payables that will be paid out in
+ Prepaid Expenses -
cash in the near term (i.e. in the first
- Accounts Payable - months of the plan)
- Accrued Expenses -
Total Cash on Hand $ -

727235401.xlsx 1-StartingPoint 02/14/2024 14:29:54

 Payroll Year 1

Payroll Year 1

Prepared By: Company Name:

Christy Idoko CI Sourcing
Average Ltd
Hourly Estimated
Number of Owners Pay (to 2 decimal Hrs./Week (per Estimated Pay/Month
Employee Types /Employees places, ex. $15.23) person) (Total) January February March April May June July August September October November December Annual Totals
Owner(s) 10 60.00 25 $ 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 $ 780,000
Full-Time Employees 200 35.00 65 $ 1,971,667 1,971,667 1,971,667 1,971,667 1,971,667 1,971,667 1,971,667 1,971,667 1,971,667 1,971,667 1,971,667 1,971,667 1,971,667 $ 23,660,000
Part-Time Employees 10 80.00 80 $ 277,333 277,333 277,333 277,333 277,333 277,333 277,333 277,333 277,333 277,333 277,333 277,333 277,333 $ 3,328,000
Independent Contractors 10 30.00 50 $ 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 $ 780,000
Total Salaries and Wages 230 $ 205.00 220 $ 2,379,000
Estimated Taxes & #NAME? ### $ 2,379,000 $ 2,379,000 $ 2,379,000 $ 2,379,000 $ 2,379,000 $ 2,379,000 $ 2,379,000 $ 2,379,000 $ 2,379,000 $ 2,379,000 $ 28,548,000
Percentage of Benefits/Month
Payroll Taxes and Benefits Wage Base Limit Salary/Wage (Total) January February March April May June July August September October November December Annual Totals
Social Security $ 130,000 6.20% $ 143,468 143,468 143,468 143,468 143,468 143,468 143,468 143,468 143,468 143,468 143,468 143,468 143,468 $ 1,721,616
Medicare -- 1.45% $ 33,553 33,553 33,553 33,553 33,553 33,553 33,553 33,553 33,553 33,553 33,553 33,553 33,553 $ 402,636
Federal Unemployment Tax (FUTA) $ 6,000 0.60% $ 690 690 690 690 690 690 690 690 690 690 690 690 690 $ 8,280
State Unemployment Tax (SUTA) $ 6,000 3.45% $ 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 3,968 $ 47,610
Employee Pension Programs -- 0.00% $ - - - - - - - - - - - - - $ -
Worker's Compensation -- 0.00% $ - - - - - - - - - - - - - $ -
Employee Health Insurance -- 0.00% $ - - - - - - - - - - - - - $ -
Other Employee Benefit Programs -- 0.00% $ - - - - - - - - - - - - - $ -
Total Payroll Taxes and Benefits 11.70% $ 181,679 $ 181,679 $ 181,679 $ 181,679 $ 181,679 $ 181,679 $ 181,679 $ 181,679 $ 181,679 $ 181,679 $ 181,679 $ 181,679 $ 181,679 $ 2,180,142

Total Salaries and Related Expenses $ 2,560,679 #NAME? ### $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 30,728,142

727235401.xlsx 2a-PayrollYear1 02/14/2024 14:29:54

 Payroll Years 1-3

Payroll Years 1-3

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

Employee Types Year 1 Totals Growth Rate 1 to 2 Second Year Growth Rate 2 to 3 Third Year
Owner(s) 780,000 20.0% 936,000 30.0% 1,216,800
Full-Time Employees 23,660,000 20.0% 28,392,000 30.0% 36,909,600
Part-Time Employees 3,328,000 10.0% 3,660,800 30.0% 4,759,040
Independent Contractors 780,000 3.0% 803,400 3.0% 827,502
Total Salaries and Wages $ 28,548,000 $ 33,792,200 $ 43,712,942

Payroll Taxes and Benefits

Social Security 1,721,616 20.0% 2,065,939 30.0% 2,685,721
Medicare 402,636 20.0% 483,163 30.0% 628,112
Federal Unemployment Tax (FUTA) 8,280 20.0% 9,936 30.0% 12,917
State Unemployment Tax (SUTA) 47,610 20.0% 57,132 30.0% 74,272
Employee Pension Programs - 0.0% - 0.0% -
Worker's Compensation - 3.0% - 3.0% -
Employee Health Insurance - 3.0% - 3.0% -
Other Employee Benefit Programs - 10.0% - 10.0% -
Total Payroll Taxes and Benefits $ 2,180,142 $ 2,616,170 $ 3,401,022

Total Salaries and Related Expenses $ 30,728,142 $ 36,408,370 $ 47,113,964

727235401.xlsx 2b-PayrollYrs1-3 02/14/2024 14:29:54

 Sales Forecst Year 1

Sales Forecast Year 1

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

Complete This Chart First:

Product Lines Units COGS Per Unit

Sales Price Per Unit Margin Per Unit
Mango 1000000 $ 50.00 $ 40.00 $ 10.00
Orange 4000000 $ 50.00 $ 40.00 $ 10.00
Banana 3000000 $ 50.00 $ 40.00 $ 10.00
Grains and seeds 10000000 $ 50.00 $ 40.00 $ 10.00
Mineral Resources 10000000 $ 1,200.00 $ 1,000.00 $ 200.00
Factory Equipments 20000000 $ 5,000.00 $ 4,000.00 $ 1,000.00
Category
Product Lines January February March April May June July August September October November December Annual Totals Breakdown Category / Total
Mango
1000000 Sold 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 120,000,000 4.7%
Total Sales 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 $ 6,000,000,000 100.0% 0.2%
Total COGS 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 $ 4,800,000,000 80.0% 0.2%
Total Margin 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 $ 1,200,000,000 20.0% 0.3%

Orange
4000000 Sold 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 48,000,000 1.9%
Total Sales 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 $ 2,400,000,000 100.0% 0.1%
Total COGS 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 $ 1,920,000,000 80.0% 0.1%
Margin 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 $ 480,000,000 20.0% 0.1%

Banana
3000000 Sold 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 24,000,000 0.9%
Total Sales 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 $ 1,200,000,000 100.0% 0.0%
Total COGS 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 $ 960,000,000 80.0% 0.0%
Margin 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 $ 240,000,000 20.0% 0.1%

Grains and seeds

10000000 Sold 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 1,080,000,000 42.1%
Total Sales 4,500,000,000 4,500,000,000 4,500,000,000 4,500,000,000 4,500,000,000 4,500,000,000 4,500,000,000 4,500,000,000 4,500,000,000 ### 4,500,000,000 4,500,000,000 $ 54,000,000,000 100.0% 2.2%
Total COGS 3,600,000,000 3,600,000,000 3,600,000,000 3,600,000,000 3,600,000,000 3,600,000,000 3,600,000,000 3,600,000,000 3,600,000,000 ### 3,600,000,000 3,600,000,000 $ 43,200,000,000 80.0% 2.2%
Margin 900,000,000 900,000,000 900,000,000 900,000,000 900,000,000 900,000,000 900,000,000 900,000,000 900,000,000 900,000,000 900,000,000 900,000,000 $ 10,800,000,000 20.0% 2.4%

Mineral Resources
10000000 Sold 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 90,000,000 1,080,000,000 42.1%
Total Sales 108,000,000,000 108,000,000,000 108,000,000,000 108,000,000,000 108,000,000,000 108,000,000,000 108,000,000,000 108,000,000,000 108,000,000,000 ### 108,000,000,000 108,000,000,000 $ 1,296,000,000,000 100.0% 53.1%
Total COGS 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 ### 90,000,000,000 90,000,000,000 $ 1,080,000,000,000 83.3% 54.1%
Margin 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 ### 18,000,000,000 18,000,000,000 $ 216,000,000,000 16.7% 48.6%

Factory Equipments
20000000 Sold 18,000,000 18,000,000 18,000,000 18,000,000 18,000,000 18,000,000 18,000,000 18,000,000 18,000,000 18,000,000 18,000,000 18,000,000 216,000,000 8.4%
Total Sales 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 90,000,000,000 ### 90,000,000,000 90,000,000,000 $ 1,080,000,000,000 100.0% 44.3%
Total COGS 72,000,000,000 72,000,000,000 72,000,000,000 72,000,000,000 72,000,000,000 72,000,000,000 72,000,000,000 72,000,000,000 72,000,000,000 ### 72,000,000,000 72,000,000,000 $ 864,000,000,000 80.0% 43.3%
Margin 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 18,000,000,000 ### 18,000,000,000 18,000,000,000 $ 216,000,000,000 20.0% 48.6%
Total Units Sold 214,000,000 214,000,000 214,000,000 214,000,000 214,000,000 214,000,000 214,000,000 214,000,000 214,000,000 214,000,000 214,000,000 214,000,000 2,568,000,000
Total Sales $ 203,300,000,000 $ 203,300,000,000 $ 203,300,000,000 $ 203,300,000,000 $ 203,300,000,000 $ 203,300,000,000 $ 203,300,000,000 $ 203,300,000,000 $ 203,300,000,000 ### $ 203,300,000,000 $ 203,300,000,000 $ 2,439,600,000,000
Total Cost of Goods Sold $ 166,240,000,000 $ 166,240,000,000 $ 166,240,000,000 $ 166,240,000,000 $ 166,240,000,000 $ 166,240,000,000 $ 166,240,000,000 $ 166,240,000,000 $ 166,240,000,000 ### $ 166,240,000,000 $ 166,240,000,000 $ 1,994,880,000,000
Total Margin $ 37,060,000,000 $ 37,060,000,000 $ 37,060,000,000 $ 37,060,000,000 $ 37,060,000,000 $ 37,060,000,000 $ 37,060,000,000 $ 37,060,000,000 $ 37,060,000,000 ### $ 37,060,000,000 $ 37,060,000,000 $ 444,720,000,000

727235401.xlsx 3a-SalesForecastYear1 02/14/2024 14:29:55

 Sales Forecast Years 1-3

Sales Forecast Year 1-3

This sheet will populate based on information in the year 1 Sales
Forecast.
Prepared by: Company Name:
The included growth rate is just a starting point, if you can provide a
more accurate prediction for each month, unlock the sheet (see
CI Sourcing Ltd Directions) and change the value for that month. Please note that you
Christy Idoko
will no longer have a formula in that cell once you change the value,
so you may want to save a copy of this spreadsheet under a different
name before doing so.
Growth Rate Year 1 to Year 2: 10.00%
Growth Rate Year 2 to Year 3: 10.00%

Product Lines Year 1 Totals January February March April May

Mango
1000000 Sold 120,000,000 11,000,000 11,000,000 11,000,000 11,000,000 11,000,000
Total Sales $ 6,000,000,000 550,000,000 550,000,000 550,000,000 550,000,000 550,000,000
Total COGS $ 4,800,000,000 440,000,000 440,000,000 440,000,000 440,000,000 440,000,000
Total Margin $ 1,200,000,000 110,000,000 110,000,000 110,000,000 110,000,000 110,000,000

Orange
4000000 Sold 48,000,000 4,400,000 4,400,000 4,400,000 4,400,000 4,400,000
Total Sales $ 2,400,000,000 220,000,000 220,000,000 220,000,000 220,000,000 220,000,000
Total COGS $ 1,920,000,000 176,000,000 176,000,000 176,000,000 176,000,000 176,000,000
Margin $ 480,000,000 44,000,000 44,000,000 44,000,000 44,000,000 44,000,000

Banana
3000000 Sold 24,000,000 2,200,000 2,200,000 2,200,000 2,200,000 2,200,000
Total Sales $ 1,200,000,000 110,000,000 110,000,000 110,000,000 110,000,000 110,000,000
Total COGS $ 960,000,000 88,000,000 88,000,000 88,000,000 88,000,000 88,000,000
Margin $ 240,000,000 22,000,000 22,000,000 22,000,000 22,000,000 22,000,000

Grains and seeds

10000000 Sold 1,080,000,000 99,000,000 99,000,000 99,000,000 99,000,000 99,000,000
Total Sales $ 54,000,000,000 4,950,000,000 ### 4,950,000,000 4,950,000,000 4,950,000,000
Total COGS $ 43,200,000,000 3,960,000,000 ### 3,960,000,000 3,960,000,000 3,960,000,000
Margin $ 10,800,000,000 990,000,000 990,000,000 990,000,000 990,000,000 990,000,000

Mineral Resources
10000000 Sold 1,080,000,000 99,000,000 99,000,000 99,000,000 99,000,000 99,000,000
Total Sales $ 1,296,000,000,000 118,800,000,000 ### 118,800,000,000 118,800,000,000 118,800,000,000
Total COGS $ 1,080,000,000,000 99,000,000,000 ### 99,000,000,000 99,000,000,000 99,000,000,000
Margin $ 216,000,000,000 19,800,000,000 ### 19,800,000,000 19,800,000,000 19,800,000,000

Factory Equipments

727235401.xlsx 3b-SalesForecastYrs1-3 02/14/2024 14:29:55

 Sales Forecast Years 1-3

20000000 Sold 216,000,000 19,800,000 19,800,000 19,800,000 19,800,000 19,800,000

Total Sales $ 1,080,000,000,000 99,000,000,000 ### 99,000,000,000 99,000,000,000 99,000,000,000
Total COGS $ 864,000,000,000 79,200,000,000 ### 79,200,000,000 79,200,000,000 79,200,000,000
Margin $ 216,000,000,000 19,800,000,000 ### 19,800,000,000 19,800,000,000 19,800,000,000
Total Units Sold 2,568,000,000 235,400,000 235,400,000 235,400,000 235,400,000 235,400,000
Total Sales $ 2,439,600,000,000 ### ### $ 223,630,000,000 $223,630,000,000 $ 223,630,000,000
Total Cost of Goods Sold $ 1,994,880,000,000 ### ### $ 182,864,000,000 $182,864,000,000 $ 182,864,000,000
Total Margin $ 444,720,000,000 $ 40,766,000,000 ### $ 40,766,000,000 $ 40,766,000,000 $ 40,766,000,000

727235401.xlsx 3b-SalesForecastYrs1-3 02/14/2024 14:29:55

 Sales Forecast Years 1-3

he year 1 Sales

you can provide a

he sheet (see
lease note that you
change the value,
t under a different

Category Category /
June July August September October November December Year 2 Totals Breakdown Total

11,000,000 11,000,000 11,000,000 11,000,000 11,000,000 11,000,000 11,000,000 132,000,000 4.7%

550,000,000 550,000,000 550,000,000 550,000,000 550,000,000 550,000,000 550,000,000 $ 6,600,000,000 100.0% 0.2%
440,000,000 440,000,000 440,000,000 440,000,000 440,000,000 440,000,000 440,000,000 $ 5,280,000,000 80.0% 0.2%
110,000,000 110,000,000 110,000,000 110,000,000 110,000,000 110,000,000 110,000,000 $ 1,320,000,000 20.0% 0.3%

4,400,000 4,400,000 4,400,000 4,400,000 4,400,000 4,400,000 4,400,000 52,800,000 1.9%

220,000,000 220,000,000 220,000,000 220,000,000 220,000,000 220,000,000 220,000,000 $ 2,640,000,000 100.0% 0.1%
176,000,000 176,000,000 176,000,000 176,000,000 176,000,000 176,000,000 176,000,000 $ 2,112,000,000 80.0% 0.1%
44,000,000 44,000,000 44,000,000 44,000,000 44,000,000 44,000,000 44,000,000 $ 528,000,000 20.0% 0.1%

2,200,000 2,200,000 2,200,000 2,200,000 2,200,000 2,200,000 2,200,000 26,400,000 0.9%

110,000,000 110,000,000 110,000,000 110,000,000 110,000,000 110,000,000 110,000,000 $ 1,320,000,000 100.0% 0.0%
88,000,000 88,000,000 88,000,000 88,000,000 88,000,000 88,000,000 88,000,000 $ 1,056,000,000 80.0% 0.0%
22,000,000 22,000,000 22,000,000 22,000,000 22,000,000 22,000,000 22,000,000 $ 264,000,000 20.0% 0.1%

99,000,000 99,000,000 99,000,000 99,000,000 99,000,000 99,000,000 99,000,000 1,188,000,000 42.1%

4,950,000,000 4,950,000,000 4,950,000,000 4,950,000,000 4,950,000,000 4,950,000,000 4,950,000,000 $ 59,400,000,000 100.0% 2.2%
3,960,000,000 3,960,000,000 3,960,000,000 3,960,000,000 3,960,000,000 3,960,000,000 3,960,000,000 $ 47,520,000,000 80.0% 2.2%
990,000,000 990,000,000 990,000,000 990,000,000 990,000,000 990,000,000 990,000,000 $ 11,880,000,000 20.0% 2.4%

99,000,000 99,000,000 99,000,000 99,000,000 99,000,000 99,000,000 99,000,000 1,188,000,000 42.1%

118,800,000,000 ### 118,800,000,000 ### 118,800,000,000 ### ### $1,425,600,000,000 100.0% 53.1%
99,000,000,000 99,000,000,000 99,000,000,000 99,000,000,000 99,000,000,000 ### ### $1,188,000,000,000 83.3% 54.1%
19,800,000,000 19,800,000,000 19,800,000,000 19,800,000,000 19,800,000,000 ### ### $ 237,600,000,000 16.7% 48.6%

727235401.xlsx 3b-SalesForecastYrs1-3 02/14/2024 14:29:55

 Sales Forecast Years 1-3

19,800,000 19,800,000 19,800,000 19,800,000 19,800,000 19,800,000 19,800,000 237,600,000 8.4%

99,000,000,000 99,000,000,000 99,000,000,000 99,000,000,000 99,000,000,000 ### ### $1,188,000,000,000 100.0% 44.3%
79,200,000,000 79,200,000,000 79,200,000,000 79,200,000,000 79,200,000,000 ### ### $ 950,400,000,000 80.0% 43.3%
19,800,000,000 19,800,000,000 19,800,000,000 19,800,000,000 19,800,000,000 ### ### $ 237,600,000,000 20.0% 48.6%
235,400,000 235,400,000 235,400,000 235,400,000 235,400,000 235,400,000 235,400,000 2,824,800,000
$223,630,000,000 ### ### ### $ 223,630,000,000 ### ### $2,683,560,000,000
$182,864,000,000 ### ### ### $ 182,864,000,000 ### ### $2,194,368,000,000
$ 40,766,000,000 ### $40,766,000,000 ### $ 40,766,000,000 ### ### $ 489,192,000,000

727235401.xlsx 3b-SalesForecastYrs1-3 02/14/2024 14:29:55

 Sales Forecast Years 1-3

January February March April May June July August September

12,100,000 12,100,000 12,100,000 12,100,000 12,100,000 12,100,000 12,100,000 12,100,000 12,100,000

605,000,000 605,000,000 605,000,000 605,000,000 605,000,000 605,000,000 605,000,000 605,000,000 605,000,000
484,000,000 484,000,000 484,000,000 484,000,000 484,000,000 484,000,000 484,000,000 484,000,000 484,000,000
121,000,000 121,000,000 121,000,000 121,000,000 121,000,000 121,000,000 121,000,000 121,000,000 121,000,000

4,840,000 4,840,000 4,840,000 4,840,000 4,840,000 4,840,000 4,840,000 4,840,000 4,840,000

242,000,000 242,000,000 242,000,000 242,000,000 242,000,000 242,000,000 242,000,000 242,000,000 242,000,000
193,600,000 193,600,000 193,600,000 193,600,000 193,600,000 193,600,000 193,600,000 193,600,000 193,600,000
48,400,000 48,400,000 48,400,000 48,400,000 48,400,000 48,400,000 48,400,000 48,400,000 48,400,000

2,420,000 2,420,000 2,420,000 2,420,000 2,420,000 2,420,000 2,420,000 2,420,000 2,420,000

121,000,000 121,000,000 121,000,000 121,000,000 121,000,000 121,000,000 121,000,000 121,000,000 121,000,000
96,800,000 96,800,000 96,800,000 96,800,000 96,800,000 96,800,000 96,800,000 96,800,000 96,800,000
24,200,000 24,200,000 24,200,000 24,200,000 24,200,000 24,200,000 24,200,000 24,200,000 24,200,000

108,900,000 108,900,000 108,900,000 108,900,000 108,900,000 108,900,000 108,900,000 108,900,000 108,900,000

5,445,000,000 ### 5,445,000,000 5,445,000,000 5,445,000,000 5,445,000,000 5,445,000,000 5,445,000,000 5,445,000,000
4,356,000,000 ### 4,356,000,000 4,356,000,000 4,356,000,000 4,356,000,000 4,356,000,000 4,356,000,000 4,356,000,000
1,089,000,000 ### 1,089,000,000 1,089,000,000 1,089,000,000 1,089,000,000 1,089,000,000 1,089,000,000 1,089,000,000

108,900,000 108,900,000 108,900,000 108,900,000 108,900,000 108,900,000 108,900,000 108,900,000 108,900,000

130,680,000,000 ### 130,680,000,000 130,680,000,000 130,680,000,000 130,680,000,000 130,680,000,000 130,680,000,000 130,680,000,000
108,900,000,000 ### 108,900,000,000 108,900,000,000 108,900,000,000 108,900,000,000 108,900,000,000 108,900,000,000 108,900,000,000
21,780,000,000 ### 21,780,000,000 21,780,000,000 21,780,000,000 21,780,000,000 21,780,000,000 21,780,000,000 21,780,000,000

727235401.xlsx 3b-SalesForecastYrs1-3 02/14/2024 14:29:55

 Sales Forecast Years 1-3

21,780,000 21,780,000 21,780,000 21,780,000 21,780,000 21,780,000 21,780,000 21,780,000 21,780,000

108,900,000,000 ### 108,900,000,000 108,900,000,000 108,900,000,000 108,900,000,000 108,900,000,000 108,900,000,000 108,900,000,000
87,120,000,000 ### 87,120,000,000 87,120,000,000 87,120,000,000 87,120,000,000 87,120,000,000 87,120,000,000 87,120,000,000
21,780,000,000 ### 21,780,000,000 21,780,000,000 21,780,000,000 21,780,000,000 21,780,000,000 21,780,000,000 21,780,000,000
258,940,000 258,940,000 258,940,000 258,940,000 258,940,000 258,940,000 258,940,000 258,940,000 258,940,000
$245,993,000,000 ### $245,993,000,000 ### $ 245,993,000,000 $ 245,993,000,000 $ 245,993,000,000 $ 245,993,000,000 $ 245,993,000,000
$201,150,400,000 ### $201,150,400,000 ### $ 201,150,400,000 $ 201,150,400,000 $ 201,150,400,000 $ 201,150,400,000 $ 201,150,400,000
$ 44,842,600,000 ### $ 44,842,600,000 $44,842,600,000 $ 44,842,600,000 $ 44,842,600,000 $ 44,842,600,000 $ 44,842,600,000 $ 44,842,600,000

727235401.xlsx 3b-SalesForecastYrs1-3 02/14/2024 14:29:55

 Sales Forecast Years 1-3

Category
October November December Year 3 Totals Breakdown Category / Total

12,100,000 12,100,000 12,100,000 145,200,000 4.7%

605,000,000 605,000,000 605,000,000 $ 7,260,000,000 100.0% 0.2%
484,000,000 484,000,000 484,000,000 $ 5,808,000,000 80.0% 0.2%
121,000,000 121,000,000 121,000,000 $ 1,452,000,000 20.0% 0.3%

4,840,000 4,840,000 4,840,000 58,080,000 1.9%

242,000,000 242,000,000 242,000,000 $ 2,904,000,000 100.0% 0.1%
193,600,000 193,600,000 193,600,000 $ 2,323,200,000 80.0% 0.1%
48,400,000 48,400,000 48,400,000 $ 580,800,000 20.0% 0.1%

2,420,000 2,420,000 2,420,000 29,040,000 0.9%

121,000,000 121,000,000 121,000,000 $ 1,452,000,000 100.0% 0.0%
96,800,000 96,800,000 96,800,000 $ 1,161,600,000 80.0% 0.0%
24,200,000 24,200,000 24,200,000 $ 290,400,000 20.0% 0.1%

108,900,000 108,900,000 108,900,000 1,306,800,000 42.1%

5,445,000,000 5,445,000,000 5,445,000,000 $ 65,340,000,000 100.0% 2.2%
4,356,000,000 4,356,000,000 4,356,000,000 $ 52,272,000,000 80.0% 2.2%
1,089,000,000 1,089,000,000 1,089,000,000 $ 13,068,000,000 20.0% 2.4%

108,900,000 108,900,000 108,900,000 1,306,800,000 42.1%

130,680,000,000 130,680,000,000 130,680,000,000 $ 1,568,160,000,000 100.0% 53.1%
108,900,000,000 108,900,000,000 108,900,000,000 $ 1,306,800,000,000 83.3% 54.1%
21,780,000,000 21,780,000,000 21,780,000,000 $ 261,360,000,000 16.7% 48.6%

727235401.xlsx 3b-SalesForecastYrs1-3 02/14/2024 14:29:55

 Sales Forecast Years 1-3

21,780,000 21,780,000 21,780,000 261,360,000 8.4%

108,900,000,000 108,900,000,000 108,900,000,000 $ 1,306,800,000,000 100.0% 44.3%
87,120,000,000 87,120,000,000 87,120,000,000 $ 1,045,440,000,000 80.0% 43.3%
21,780,000,000 21,780,000,000 21,780,000,000 $ 261,360,000,000 20.0% 48.6%
258,940,000 258,940,000 258,940,000 3,107,280,000
$ 245,993,000,000 $ 245,993,000,000 $ 245,993,000,000 $ 2,951,916,000,000
$ 201,150,400,000 $ 201,150,400,000 $ 201,150,400,000 $ 2,413,804,800,000
$ 44,842,600,000 $ 44,842,600,000 $ 44,842,600,000 $ 538,111,200,000

727235401.xlsx 3b-SalesForecastYrs1-3 02/14/2024 14:29:55

 Additional Inputs

Additional Inputs

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

Accounts Receivable (A/R) Days Sales Outstanding

Percent of Collections Year 1 Year 2 Year 3
Paid within 30 days 60% 60% 60%
Paid between 30 and 60 days 40% 40% 40%
Paid in more than 60 days 0% 0% 0%
Allowance for bad debt 0% 0% 0%
This should equal 100% ----> 100% 100% 100%

Accounts Payable (A/P)

Percent of Disbursements Year 1 Year 2 Year 3
Paid within 30 days 50% 50% 70%
Paid between 30 and 60 days 30% 30% 25%
Paid in more than 60 days 20% 20% 5%
This should equal 100% ----> 100% 100% 100%

Line of Credit Assumptions

Desired Minimum Cash Balance 70000000
Line of Credit Interest Rate 8.00%

Additional Fixed Assets Purchases

Fixed Assets Depreciation (years) January February March April May June July August September October November December Year 1 Totals Year 2 Total Year 3 Total
Real Estate 20 $ 1,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 $ 23,000,000 $ 50,000,000 $ 50,000,000
Leasehold Improvements 7 $ 600,000 3,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 $ 23,600,000 $ 50,000,000 $ 50,000,000
Equipment 7 $ 5,000,000 5,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 $ 30,000,000 $ 50,000,000 $ 50,000,000
Furniture and Fixtures 5 $ 1,500,000 800,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 $ 22,300,000 $ 50,000,000 $ 50,000,000
Vehicles 5 $ 1,200,000 2,500,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 $ 23,700,000 $ 50,000,000 $ 50,000,000
Other Fixed Assets 5 $ 9,600,000 30,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 $ 59,600,000 $ - $ -
Total Additional Fixed Assets $ 18,900,000 $ 43,300,000 $12,000,000 $12,000,000 $12,000,000 $12,000,000 $12,000,000 $12,000,000 $ 12,000,000 $12,000,000 $ 12,000,000 $ 12,000,000 $ 182,200,000 $ 250,000,000 $ 250,000,000

Income Tax Assumptions

Effective Income Tax Rate - Year 1 30.0%
Effective Income Tax Rate - Year 2 30.0%
Effective Income Tax Rate - Year 3 30.0%

Amortization of Start-Up Costs

Amortization Period in Years 3

727235401.xlsx 4-AdditionalInputs 02/14/2024 14:29:55

 Operating Expenses Year 1

Operating Expenses Year 1

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

January February March April May June July August September October November December Annual Totals
Expenses
Advertising 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Car and Truck Expenses 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Commissions and Fees 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Contract Labor (Not included in payroll) 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Insurance (other than health) 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Legal and Professional Services 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Licenses 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Office Expense 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Rent or Lease -- Vehicles, Machinery, Equipment 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Rent or Lease -- Other Business Property 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Repairs and Maintenance 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Supplies 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Travel, Meals and Entertainment 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Utilities 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Miscellaneous 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $ 600,000
Total Expenses $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 9,000,000

Other Expenses
Depreciation 234,167 892,738 1,048,690 1,204,643 1,360,595 1,516,548 1,672,500 1,828,452 1,984,405 2,140,357 2,296,310 2,452,262 $ 18,631,667
Interest
Commercial Loan 7,500 7,436 7,371 7,305 7,239 7,173 7,106 7,039 6,971 6,903 6,834 6,764 $ 85,640
Commercial Mortgage 22,256 22,223 22,189 22,156 22,121 22,087 22,053 22,018 21,983 21,947 21,912 21,876 $ 264,820
Credit Card Debt 17,500 17,256 17,010 16,762 16,514 16,263 16,012 15,759 15,504 15,248 14,990 14,731 $ 193,549
Vehicle Loans 10,000 9,815 9,629 9,443 9,255 9,066 8,877 8,686 8,495 8,303 8,109 7,915 $ 107,594
Other Bank Debt 23,706 23,095 22,480 21,863 21,244 20,622 19,997 19,370 18,741 18,108 17,473 16,835 $ 243,535
Line of Credit - #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Bad Debt Expense - - - - - - - - - - - - $ -
Total Other Expenses $ 315,129 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Total Fixed Operating Expenses $ 1,065,129 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

727235401.xlsx 5a-OpExYear1 02/14/2024 14:29:55

 Operating Expenses Years 1-3

Operating Expenses Years 1-3

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

Line Item 2023 Growth Rate 1 to 2 2024 Growth Rate 2 to 3 2025

Advertising 600,000 3.0% 618,000 3.0% 636,540
Car and Truck Expenses 600,000 3.0% 618,000 3.0% 636,540
Commissions and Fees 600,000 5.0% 630,000 5.0% 661,500
Contract Labor (Not included in payroll) 600,000 3.0% 618,000 3.0% 636,540
Insurance (other than health) 600,000 3.0% 618,000 3.0% 636,540
Legal and Professional Services 600,000 3.0% 618,000 3.0% 636,540
Licenses 600,000 5.0% 630,000 5.0% 661,500
Office Expense 600,000 3.0% 618,000 3.0% 636,540
Rent or Lease -- Vehicles, Machinery, Equipment 600,000 3.0% 618,000 3.0% 636,540
Rent or Lease -- Other Business Property 600,000 3.0% 618,000 3.0% 636,540
Repairs and Maintenance 600,000 5.0% 630,000 5.0% 661,500
Supplies 600,000 3.0% 618,000 3.0% 636,540
Travel, Meals and Entertainment 600,000 3.0% 618,000 3.0% 636,540
Utilities 600,000 3.0% 618,000 3.0% 636,540
Miscellaneous 600,000 3.0% 618,000 3.0% 636,540
Total Expenses $ 9,000,000 $ 9,306,000 $ 9,622,980

Other Expenses
Depreciation 18,631,667 268,534,286 709,962,857
Interest
Commercial Loan 85,640 75,563 64,540
Commercial Mortgage 264,820 259,607 253,905
Credit Card Debt 193,549 151,952 115,756
Vehicle Loans 107,594 79,466 49,603
Other Bank Debt 243,535 150,692 54,358
Line of Credit #NAME? #NAME? #NAME?
Bad Debt Expense -
Total Other Expenses #NAME? #NAME? #NAME?
Total Operating Expenses #NAME? #NAME? #NAME?

727235401.xlsx 5b-OpExYrs1-3 02/14/2024 14:29:55

 Cash Flow Forecast Year 1

Cash Flow Forecast Year 1

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

January February March April May June July August September October November December Totals
Beginning Balance $ 92,000 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Cash Inflows
Cash Sales 121,980,000,000 121,980,000,000 ### ### ### ### ### ### 121,980,000,000 121,980,000,000 121,980,000,000 121,980,000,000 $ 1,463,760,000,000
Accounts Receivable - 81,320,000,000 ### ### ### ### ### ### 81,320,000,000 81,320,000,000 81,320,000,000 81,320,000,000 $ 894,520,000,000
Total Cash Inflows $ 121,980,000,000 $ 203,300,000,000 ### ### ### ### ### ### $203,300,000,000 $ 203,300,000,000 $ 203,300,000,000 $ 203,300,000,000 $ 2,358,280,000,000

Cash Outflows
Investing Activities
New Fixed Asset Purchases - 43,300,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 $ 163,300,000
Additional Inventory 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 $ 600,000,000
Cost of Goods Sold 83,120,000,000 132,992,000,000 ### ### ### ### ### ### 166,240,000,000 166,240,000,000 166,240,000,000 166,240,000,000 $ 1,878,512,000,000
Operating Activities
Operating Expenses 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 $ 9,000,000
Payroll #NAME? 2,560,679 2,560,679 2,560,679 2,560,679 2,560,679 2,560,679 2,560,679 2,560,679 2,560,679 2,560,679 2,560,679 #NAME?
Taxes - - #NAME? - - #NAME? - - #NAME? - - #NAME? #NAME?
Financing Activities
Loan Payments 319,682 319,682 319,682 319,682 319,682 319,682 319,682 319,682 319,682 319,682 319,682 319,682 $ 3,836,178
Owners Distribution 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 $ 144,000,000
Line of Credit Interest #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Line of Credit Repayments 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 $ 60,000,000
Dividends Paid 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 $ 60,000,000
Total Cash Outflows #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Net Cash Flows #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Operating Cash Balance #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Line of Credit Drawdown #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Ending Cash Balance #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Line of Credit Balance #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

727235401.xlsx 6a-CashFlowYear1 02/14/2024 14:29:56

 Cash Flow Forecast Years 1-3

Cash Flow Forecast Years 1-3

NOTE: To only view the annual total side-by-side, highlight columns C through N
Prepared By: Company Name:and right-click. Then select "Hide". Use the same procedure to Hide columns P through AA. To show them again
click and select "Unhide".
Christy Idoko CI Sourcing Ltd

Year 1 Totals January February March April May June July

Beginning Balance #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Cash Inflows
Cash Sales $ 1,463,760,000,000 ### ### ### 134,178,000,000 ### ### ###
Accounts Receivable $ 894,520,000,000 ### ### ### 89,452,000,000 ### ### ###
Total Cash Inflows $ 2,358,280,000,000 ### ### ### $ 223,630,000,000 ### ### ###

Cash Outflows
Investing Activities
New Fixed Asset Purchases $ 163,300,000 20,833,333 20,833,333 20,833,333 20,833,333 20,833,333 20,833,333 20,833,333
Additional Inventory $ 600,000,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000
Cost of Goods Sold $ 1,878,512,000,000 ### ### ### 182,864,000,000 ### ### ###
Operating Activities
Operating Expenses $ 9,000,000 775,500 775,500 775,500 775,500 775,500 775,500 775,500
Payroll #NAME? 3,034,031 3,034,031 3,034,031 3,034,031 3,034,031 3,034,031 3,034,031
Taxes #NAME? - - #NAME? - - #NAME? -
Financing Activities
Loan Payments $ 3,836,178 319,682 319,682 319,682 319,682 319,682 319,682 319,682
Owners Distribution $ 144,000,000 700,000 700,000 700,000 700,000 700,000 700,000 700,000
Line of Credit Interest #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Line of Credit Repayments $ 60,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Dividends Paid $ 60,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
Total Cash Outflows #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Net Cash Flows #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Operating Cash Balance #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Line of Credit Drawdown #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Ending Cash Balance #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Line of Credit Balance #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

727235401.xlsx 6b-CashFlowYrs1-3 02/14/2024 14:29:56

 Cash Flow Forecast Years 1-3

ough AA. To show them again, highlight columns B, O and AB, right-

August September October November December Year 2 Totals

#NAME? #NAME? #NAME? #NAME? #NAME?

### 134,178,000,000 ### ### ### $ 1,610,136,000,000

### 89,452,000,000 ### ### ### $ 1,065,292,000,000
### $ 223,630,000,000 ### ### ### $ 2,675,428,000,000

20,833,333 20,833,333 20,833,333 20,833,333 20,833,333 $ 250,000,000

600,000 600,000 600,000 600,000 600,000 $ 7,200,000
### 182,864,000,000 ### ### ### $ 2,182,731,200,000

775,500 775,500 775,500 775,500 775,500 $ 9,306,000

3,034,031 3,034,031 3,034,031 3,034,031 3,034,031 $ 36,408,370
- #NAME? - - #NAME?

319,682 319,682 319,682 315,010 319,682 $ 3,831,507

700,000 700,000 700,000 700,000 700,000 $ 8,400,000
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 $ 96,000,000
8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 $ 96,000,000
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME?

727235401.xlsx 6b-CashFlowYrs1-3 02/14/2024 14:29:56

 Cash Flow Forecast Years 1-3

January February March April May June July August September October November December
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

### ### ### ### ### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ### ### ### ### ###

20,833,333 20,833,333 20,833,333 20,833,333 20,833,333 20,833,333 20,833,333 20,833,333 20,833,333 20,833,333 20,833,333 20,833,333
600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000
### ### ### ### ### ### ### ### ### ### ### ###

801,915 801,915 801,915 801,915 801,915 801,915 801,915 801,915 801,915 801,915 801,915 801,915
3,926,164 3,926,164 3,926,164 3,926,164 3,926,164 3,926,164 3,926,164 3,926,164 3,926,164 3,926,164 3,926,164 3,926,164
- - #NAME? - - #NAME? - - #NAME? - - #NAME?

319,682 319,682 319,682 319,682 319,682 319,682 319,682 319,682 319,682 319,682 319,682 319,682
500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000
7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

727235401.xlsx 6b-CashFlowYrs1-3 02/14/2024 14:29:56

 Cash Flow Forecast Years 1-3

Year 3 Totals

$ 1,771,149,600,000
$ 1,171,821,200,000
$ 2,942,970,800,000

$ 250,000,000
$ 7,200,000
$ 2,407,404,560,000

$ 9,622,980
$ 47,113,964
#NAME?

$ 3,836,178
$ 6,000,000
#NAME?
$ 84,000,000
$ 84,000,000
#NAME?
#NAME?

#NAME?

727235401.xlsx 6b-CashFlowYrs1-3 02/14/2024 14:29:56

 Income Statement Year 1

Income Statement Year 1

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

January February March April May June July

Revenue
Mango 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 500,000,000
Orange 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
Banana 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000
Grains and seeds ### ### ### ### ### ### ###
Mineral Resources ### ### ### ### ### ### ###
Factory Equipments ### ### ### ### ### ### ###
Total Revenue ### ### ### ### ### ### ###
Cost of Goods Sold
Mango 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 400,000,000
Orange 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 160,000,000
Banana 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 80,000,000
Grains and seeds ### ### ### ### ### ### ###
Mineral Resources ### ### ### ### ### ### ###
Factory Equipments ### ### ### ### ### ### ###
Total Cost of Goods Sold ### ### ### ### ### ### ###
Gross Margin ### ### ### ### ### ### ###
Payroll #NAME? $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679
Operating Expenses
Advertising 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Car and Truck Expenses 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Commissions and Fees 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Contract Labor (Not included in payroll) 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Insurance (other than health) 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Legal and Professional Services 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Licenses 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Office Expense 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Rent or Lease -- Vehicles, Machinery, Equipment 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Rent or Lease -- Other Business Property 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Repairs and Maintenance 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Supplies 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Travel, Meals and Entertainment 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Utilities 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Miscellaneous 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Other Expense 1
Other Expense 2
Total Operating Expenses $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000

727235401.xlsx 7a-IncomeStatementYear1 02/14/2024 14:29:56

 Income Statement Year 1

Income (Before Other Expenses) #NAME? ### ### ### ### ### ###
Other Expenses
Amortized Start-up Expenses 32,611 32,611 32,611 32,611 32,611 32,611 32,611
Depreciation 234,167 892,738 1,048,690 1,204,643 1,360,595 1,516,548 1,672,500
Interest
Commercial Loan 7,500 7,436 7,371 7,305 7,239 7,173 7,106
Commercial Mortgage 22,256 22,223 22,189 22,156 22,121 22,087 22,053
Credit Card Debt 17,500 17,256 17,010 16,762 16,514 16,263 16,012
Vehicle Loans 10,000 9,815 9,629 9,443 9,255 9,066 8,877
Other Bank Debt 23,706 23,095 22,480 21,863 21,244 20,622 19,997
Line of Credit - #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Bad Debt Expense - - - - - - -
Total Other Expenses 347,740 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Net Income Before Income Tax #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Income Tax #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Net Profit/Loss #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

727235401.xlsx 7a-IncomeStatementYear1 02/14/2024 14:29:56

 Income Statement Year 1

Income Tax Calculations

Monthly Taxable Income #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Cumulative Taxable Income #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

727235401.xlsx 7a-IncomeStatementYear1 02/14/2024 14:29:56

 Income Statement Year 1

August September October November December Annual Totals

500,000,000 500,000,000 500,000,000 500,000,000 500,000,000 $ 6,000,000,000

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 $ 2,400,000,000
100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 $ 1,200,000,000
### 4,500,000,000 ### ### 4,500,000,000 $ 54,000,000,000
### ### ### ### ### $ 1,296,000,000,000
### 90,000,000,000 ### ### ### $ 1,080,000,000,000
### ### ### ### ### $ 2,439,600,000,000

400,000,000 400,000,000 400,000,000 400,000,000 400,000,000 $ 4,800,000,000

160,000,000 160,000,000 160,000,000 160,000,000 160,000,000 $ 1,920,000,000
80,000,000 80,000,000 80,000,000 80,000,000 80,000,000 $ 960,000,000
### 3,600,000,000 ### ### 3,600,000,000 $ 43,200,000,000
### 90,000,000,000 ### ### ### $ 1,080,000,000,000
### 72,000,000,000 ### ### ### $ 864,000,000,000
### ### ### ### ### $ 1,994,880,000,000
### ### ### ### ### $ 444,720,000,000
$ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 $ 2,560,679 #NAME?

50,000 50,000 50,000 50,000 50,000 $ 600,000

50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000
50,000 50,000 50,000 50,000 50,000 $ 600,000

$ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 750,000 $ 9,000,000

727235401.xlsx 7a-IncomeStatementYear1 02/14/2024 14:29:56

 Income Statement Year 1

### ### ### ### ### #NAME?

32,611 32,611 32,611 32,611 32,611 $ 391,333

1,828,452 1,984,405 2,140,357 2,296,310 2,452,262 $ 18,631,667

7,039 6,971 6,903 6,834 6,764 $ 85,640

22,018 21,983 21,947 21,912 21,876 $ 264,820
15,759 15,504 15,248 14,990 14,731 $ 193,549
8,686 8,495 8,303 8,109 7,915 $ 107,594
19,370 18,741 18,108 17,473 16,835 $ 243,535
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
- - - - - $ -
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

727235401.xlsx 7a-IncomeStatementYear1 02/14/2024 14:29:56

 Income Statement Year 1

#NAME? #NAME? #NAME? #NAME? #NAME?

#NAME? #NAME? #NAME? #NAME? #NAME?

727235401.xlsx 7a-IncomeStatementYear1 02/14/2024 14:29:56

 Income Statement Years 1-3

Income Statement Years 1-3

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

Revenue 2023 2024 2025

Mango 6,000,000,000 6,600,000,000 7,260,000,000
Orange 2,400,000,000 2,640,000,000 2,904,000,000
Banana 1,200,000,000 1,320,000,000 1,452,000,000
Grains and seeds 54,000,000,000 59,400,000,000 65,340,000,000
Mineral Resources 1,296,000,000,000 1,425,600,000,000 ###
Factory Equipments 1,080,000,000,000 1,188,000,000,000 ###
Total Revenue $ 2,439,600,000,000 100% ### 100% ### 100%
Cost of Goods Sold
Mango 4,800,000,000 5,280,000,000 5,808,000,000
Orange 1,920,000,000 2,112,000,000 2,323,200,000
Banana 960,000,000 1,056,000,000 1,161,600,000
Grains and seeds 43,200,000,000 47,520,000,000 52,272,000,000
Mineral Resources 1,080,000,000,000 1,188,000,000,000 ###
Factory Equipments 864,000,000,000 950,400,000,000 ###
Total Cost of Goods Sold 1,994,880,000,000 82% 2,194,368,000,000 82% ### 82%
Gross Margin 444,720,000,000 18% 489,192,000,000 18% 538,111,200,000 18%
Payroll 30,728,142 36,408,370 47,113,964
Operating Expenses
Advertising 600,000 618,000 636,540
Car and Truck Expenses 600,000 618,000 636,540
Commissions and Fees 600,000 630,000 661,500
Contract Labor (Not included in payroll) 600,000 618,000 636,540
Insurance (other than health) 600,000 618,000 636,540
Legal and Professional Services 600,000 618,000 636,540
Licenses 600,000 630,000 661,500
Office Expense 600,000 618,000 636,540
Rent or Lease -- Vehicles, Machinery, Equipment 600,000 618,000 636,540
Rent or Lease -- Other Business Property 600,000 618,000 636,540
Repairs and Maintenance 600,000 630,000 661,500
Supplies 600,000 618,000 636,540
Travel, Meals and Entertainment 600,000 618,000 636,540
Utilities 600,000 618,000 636,540
Miscellaneous 600,000 618,000 636,540
Other Expense 1
Other Expense 2
Total Operating Expenses $ 9,000,000 0% $ 9,306,000 0% $ 9,622,980 0%
Income (Before Other Expenses) $ 444,680,271,858 18% $ 489,146,285,630 18% ### 18%
Other Expenses
Amortized Start-up Expenses 391,333 391,333 391,333
Depreciation 18,631,667 268,534,286 709,962,857
Interest
Commercial Loan 85,640 75,563 64,540
Commercial Mortgage 264,820 259,607 253,905
Credit Card Debt 193,549 151,952 115,756
Vehicle Loans 107,594 79,466 49,603
Other Bank Debt 243,535 150,692 54,358
Line of Credit #NAME? #NAME? #NAME?
Bad Debt Expense - - -
Total Other Expenses #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Net Income Before Income Tax #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Income Tax #NAME? #NAME? #NAME?
Net Income/Loss #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

Income Tax Calculations Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total
Taxable Amount Year 2 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Total #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Income Taxes #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

Taxable Amount Year 3 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Total #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
Income Taxes #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

727235401.xlsx 7b-IncomeStatementYrs1-3 02/14/2024 14:29:56

 Balance Sheet Years 1-3

Balance Sheet Years 1-3

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

ASSETS 2023 2024 2025

Current Assets
Cash #NAME? #NAME? #NAME?
Accounts Receivable 81,320,000,000 89,452,000,000 98,397,200,000
Inventory 604,000,000 611,200,000 618,400,000
Prepaid Expenses 742,667 371,333 -
Other Initial Costs 40,000 20,000 -
Total Current Assets #NAME? #NAME? #NAME?

Fixed Assets
Real Estate -- Land 4,100,000 4,100,000 4,100,000
Real Estate -- Buildings 23,000,000 73,000,000 123,000,000
Leasehold Improvements 23,600,000 73,600,000 123,600,000
Equipment 30,000,000 80,000,000 130,000,000
Furniture and Fixtures 22,300,000 72,300,000 122,300,000
Vehicles 23,700,000 73,700,000 123,700,000
Other 59,600,000 59,600,000 59,600,000
Total Fixed Assets $ 186,300,000 $ 436,300,000 $ 686,300,000
(Less Accumulated Depreciation) $ 18,631,667 $ 287,165,952 $ 997,128,810
Total Assets #NAME? #NAME? #NAME?

LIABILITIES & EQUITY

Liabilities
Accounts Payable 116,368,000,000 128,004,800,000 134,405,040,000
Commercial Loan Balance 892,571 775,065 646,536
Commercial Mortgage Balance 2,911,927 2,851,142 2,784,654
Credit Card Debt Balance 2,480,706 1,923,872 1,326,785
Vehicle Loans Balance 1,543,954 1,059,779 545,742
Other Bank Debt Balance 3,886,802 1,991,875 (0)
Line of Credit Balance #NAME? #NAME? #NAME?
Total Liabilities #NAME? #NAME? #NAME?
Equity
Common Stock 13,609,000 13,609,000 13,609,000
Retained Earnings #NAME? #NAME? #NAME?
Dividends Dispersed/Owners Draw 204,000,000 308,400,000 398,400,000
Total Equity #NAME? #NAME? #NAME?
Total Liabilities and Equity #NAME? #NAME? #NAME?

#NAME? #NAME? #NAME?

Balance sheet in or out of balance?
#NAME? #NAME? #NAME?

727235401.xlsx 8-BalanceSheet 02/14/2024 14:29:56

 Breakeven Analysis

Breakeven Analysis Year 1

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

Gross Margin % of Sales

Gross Margin $ 444,720,000,000 Breakeven Sales Level
Total Sales $ 2,439,600,000,000
Gross Margin/Total Sales 18.2% The breakeven sales level represents the number of units that must be sold
Total Fixed Expenses in order to break even. This means that revenues are equal to expenses.
Any units sold beyond this quantity will allow the company to generate net
$ 30,728,142.00 income.
Payroll
One of the best uses of breakeven analysis is to play with various
#NAME? scenarios. For instance, if you add another person to the payroll, how many
Operating Expenses extra sales dollars will be needed to recover the extra salary expense? If
Operating + Payroll #NAME? you borrow, how much will be needed to cover the increased principal and
Breakeven Sales in Dollars (Annual) interest payments? Many owners, especially retailers, like to calculate a
daily breakdown. This gives everyone a target to shoot at for the day.
18.2%
Gross Margin % of Sales Equation:

#NAME? Breakeven Point = Total Fixed Costs/ (Gross Margin/Total Sales)

Total Fixed Expenses

#NAME?
Yearly Breakeven Amount
Monthly Breakeven Amount #NAME?

727235401.xlsx BreakevenAnalysis 02/14/2024 14:29:56

 Financial Ratios - Year 1

Financial Ratios - Year 1

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

Ratios Year One Year Two Year Three Industry Norms Notes
Liquidity
Current Ratio #NAME? #NAME? #NAME?
Quick Ratio #NAME? #NAME? #NAME?
This sheet shows some common financial ratios.
Safety
There is a column where you can enter industry
Debt to Equity Ratio #NAME? #NAME? #NAME? norms. To get these, contact your local library or
Debt-Service Coverage Ratio - DSCR #NAME? #NAME? #NAME? bank to see if they have copies of the Risk
Profitability Management Association (RMA) Annual
Sales Growth 0.0% 10.0% 10.0% Statement or refer to industry publications and
COGS to Sales 81.8% 81.8% 81.8% trade magazines. Speak with your mentor to ensure
Gross Profit Margin 18.2% 18.2% 18.2% you are using the appropriate resources.
SG&A to Sales #NAME? 0.0% 0.0%
Net Profit Margin #NAME? #NAME? #NAME?
Return on Equity (ROE) #NAME? #NAME? #NAME?
Return on Assets #NAME? #NAME? #NAME?
Owner's Compensation to Sales 0.0% 0.0% 0.0%
Efficiency
Days in Receivables 12.0 12.0 12.0
Accounts Receivable Turnover 30.0 30.0 30.0
Days in Inventory 0.1 0.1 0.1
Inventory Turnover 3302.8 3590.3 3903.3
Sales to Total Assets #NAME? #NAME? #NAME?

727235401.xlsx FinancialRatios 02/14/2024 14:29:56

 Diagnostic Tools - Year 1

Diagnostic Tools - Year 1

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

General Financing Assumptions Value Findings

Owner's Cash Injection into the Business 34.0% Owner's injection is reasonable
Cash Request as percent of Total Required Funds 0.3% Cash request seems reasonable with respect to total request
This sheet performs a few tests on your numbers to see if they seem
Loan Assumptions Value Findings within certain reasonable ranges. Remember, no computer can tell
Commercial Loan Interest rate 9.0% Interest rate seems reasonable whether your projections are truly well-constructed, only a human can
do that. But these tests can at least look for values that are critically
Commercial Loan Term in Months 84 Loan term seems within range for this type of loan
out of range.
Commercial Mortgage Interest rate 9.0% Interest rate seems reasonable
Commercial Mortgage Term in Months 240 Loan term seems within range for this type of loan
Debt-Service Coverage #NAME? #NAME?

Income Statement Value Findings

Gross Margin as a Percent of Sales 18.2% Gross margin percentage seems very low
Owner's Compensation Lower Limit Check $ 780,000 An owner's compensation amount has been established
Owner's Compensation Upper Limit Check #NAME? #NAME?
Advertising Expense Levels as a Percent of Sales 0.0% Advertising as a percent of sales may be too low
Profitability Levels #NAME? #NAME?
Profitability as a Percent of Sales #NAME? #NAME?

Cash Flow Statement Value Findings

Desired Operating cash Flow Levels #NAME? #NAME?
Line of Credit Drawdowns #NAME? #NAME?
Accounts Receivable Ratio to Sales 3.3% Accounts receivable amount as a percent of sales seems reasonable

Balance Sheet Value Findings

Does the Year 1 Balance Sheet Balance? #NAME? #NAME?
Debt to Equity Ratio #NAME? #NAME?

Breakeven Analysis Value Findings

Do Sales Exceed the Breakeven Level? #NAME? #NAME?

727235401.xlsx DiagnosticTools 02/14/2024 14:29:56

 COGS Calculator

COGS Calculator

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd

Variable Costs of Products

Timeframe: 2021
Product Line: Raw materials
Raw materials 500,000
Labor used to produce product 100,000
Costs associated with shipping and storing raw materials 200,000
Production facility expenses (use fraction of total if facility is used for other items) 50,000
Total Product Expenses $ 850,000
Number Units Sold in timeframe used 450000
Cost of Goods Sold Per Unit $ 2

Variable Costs of Services

Timeframe: Month
Product Line: Project
Amount spent on labor during timeframe
Amount spent on materials during this timeframe
List any other variable costs associated with the delivery of your service during this timeframe.
Total Service Expenses $ -
Number Units Sold During Timeframe
Cost of Goods Sold Per Unit Please enter all information.

Return to Sales Forecast Year 1

727235401.xlsx COGS Calculator 02/14/2024 14:29:56

 Amortization and Depreciation Schedule

Amortization & Depreciation Schedule

Prepared By: Company Name:

Christy Idoko CI Sourcing Ltd Return to Starting Point

Commercial Loan
Principal Amount $ 1,000,000
Interest Rate 9.00%
Loan Term in Months 84.00
Monthly Payment Amount $16,089.08
January February March April May June July August September
Year One
Interest 7,500 7,436 7,371 7,305 7,239 7,173 7,106 7,039 6,971
Principal 8,589 8,653 8,718 8,784 8,850 8,916 8,983 9,050 9,118
Loan Balance 991,411 982,757 974,039 965,255 956,406 947,490 938,507 929,456 920,338
Year Two
Interest 6,694 6,624 6,553 6,481 6,409 6,337 6,264 6,190 6,116
Principal 9,395 9,465 9,536 9,608 9,680 9,752 9,826 9,899 9,974
Loan Balance 883,177 873,711 864,175 854,567 844,887 835,135 825,309 815,410 805,437
Year Three
Interest 5,813 5,736 5,658 5,580 5,501 5,422 5,342 5,261 5,180
Principal 10,276 10,353 10,431 10,509 10,588 10,667 10,747 10,828 10,909
Loan Balance 764,789 754,436 744,005 733,496 722,908 712,241 701,494 690,666 679,757

Commercial Mortgage
Principal Amount $ 2,967,500.00
Interest Rate 9.00%
Loan Term in Months 240.00
Monthly Payment Amount $26,699.37
January February March April May June July August September
Year One
Interest 22,256 22,223 22,189 22,156 22,121 22,087 22,053 22,018 21,983
Principal 4,443 4,476 4,510 4,544 4,578 4,612 4,647 4,682 4,717
Loan Balance 2,963,057 2,958,580 2,954,070 2,949,527 2,944,949 2,940,336 2,935,690 2,931,008 2,926,291
Year Two
Interest 21,839 21,803 21,766 21,729 21,692 21,654 21,617 21,578 21,540
Principal 4,860 4,896 4,933 4,970 5,007 5,045 5,083 5,121 5,159
Loan Balance 2,907,067 2,902,171 2,897,238 2,892,268 2,887,261 2,882,216 2,877,133 2,872,012 2,866,853
Year Three
Interest 21,384 21,344 21,304 21,263 21,222 21,181 21,140 21,098 21,056
Principal 5,316 5,356 5,396 5,436 5,477 5,518 5,560 5,601 5,643
 Amortization and Depreciation Schedule

Loan Balance 2,845,826 2,840,470 2,835,074 2,829,638 2,824,161 2,818,643 2,813,083 2,807,482 2,801,839
 Amortization and Depreciation Schedule

Credit Card Debt

Principal Amount $ 3,000,000.00
Interest Rate 7.00%
Loan Term in Months 60.00
Monthly Payment Amount $59,403.60
January February March April May June July August September
Year One
Interest 17,500 17,256 17,010 16,762 16,514 16,263 16,012 15,759 15,504
Principal 41,904 42,148 42,394 42,641 42,890 43,140 43,392 43,645 43,899
Loan Balance 2,958,096 2,915,948 2,873,554 2,830,913 2,788,023 2,744,883 2,701,491 2,657,847 2,613,947
Year Two
Interest 14,471 14,209 13,945 13,680 13,413 13,145 12,875 12,604 12,331
Principal 44,933 45,195 45,459 45,724 45,990 46,259 46,529 46,800 47,073
Loan Balance 2,435,773 2,390,578 2,345,120 2,299,396 2,253,406 2,207,147 2,160,618 2,113,818 2,066,745
Year Three
Interest 11,223 10,942 10,659 10,374 10,088 9,801 9,511 9,220 8,928
Principal 48,181 48,462 48,745 49,029 49,315 49,603 49,892 50,183 50,476
Loan Balance 1,875,691 1,827,229 1,778,485 1,729,456 1,680,140 1,630,538 1,580,646 1,530,462 1,479,986

Vehicle Loans
Principal Amount $ 2,000,000.00
Interest Rate 6.00%
Loan Term in Months 48.00
Monthly Payment Amount $46,970.06
January February March April May June July August September
Year One
Interest 10,000 9,815 9,629 9,443 9,255 9,066 8,877 8,686 8,495
Principal 36,970 37,155 37,341 37,527 37,715 37,904 38,093 38,284 38,475
Loan Balance 1,963,030 1,925,875 1,888,534 1,851,007 1,813,292 1,775,388 1,737,295 1,699,012 1,660,537
Year Two
Interest 7,720 7,524 7,326 7,128 6,929 6,729 6,527 6,325 6,122
Principal 39,250 39,447 39,644 39,842 40,041 40,241 40,443 40,645 40,848
Loan Balance 1,504,703 1,465,257 1,425,613 1,385,771 1,345,730 1,305,488 1,265,046 1,224,401 1,183,553
Year Three
Interest 5,299 5,091 4,881 4,671 4,459 4,247 4,033 3,818 3,603
Principal 41,671 41,880 42,089 42,299 42,511 42,723 42,937 43,152 43,367
Loan Balance 1,018,108 976,228 934,140 891,840 849,329 806,606 763,669 720,517 677,150
 Amortization and Depreciation Schedule

Other Bank Debt

Principal Amount $5,689,500.00
Interest Rate 5.00%
Loan Term in Months 36.00
Monthly Payment Amount $170,519.42
January February March April May June July August September
Year One
Interest 23,706 23,095 22,480 21,863 21,244 20,622 19,997 19,370 18,741
Principal 146,813 147,425 148,039 148,656 149,275 149,897 150,522 151,149 151,779
Loan Balance 5,542,687 5,395,262 5,247,223 5,098,567 4,949,291 4,799,394 4,648,872 4,497,723 4,345,944
Year Two
Interest 16,195 15,552 14,906 14,258 13,607 12,953 12,296 11,637 10,975
Principal 154,324 154,967 155,613 156,262 156,913 157,566 158,223 158,882 159,544
Loan Balance 3,732,478 3,577,510 3,421,897 3,265,636 3,108,723 2,951,157 2,792,934 2,634,052 2,474,507
Year Three
Interest 8,299 7,624 6,945 6,263 5,579 4,892 4,202 3,509 2,813
Principal 162,220 162,896 163,575 164,256 164,941 165,628 166,318 167,011 167,707
Loan Balance 1,829,655 1,666,759 1,503,185 1,338,929 1,173,988 1,008,360 842,042 675,031 507,325

Depreciation
Real Estate-Buildings 10
Leasehold Improvements 10
Equipment 10
Furniture and Fixtures 6
Vehicles 4
Other 6
January February March April May June July August September
Year One
Starting Depreciation 234,167 234,167 892,738 1,048,690 1,204,643 1,360,595 1,516,548 1,672,500 1,828,452
Additional Depreciation - 658,571 155,952 155,952 155,952 155,952 155,952 155,952 155,952
Ending Depreciation 234,167 892,738 1,048,690 1,204,643 1,360,595 1,516,548 1,672,500 1,828,452 1,984,405
Year Two
Starting Depreciation 2,452,262 5,517,738 8,583,214 11,648,690 14,714,167 17,779,643 20,845,119 23,910,595 26,976,071
Additional Depreciation 3,065,476 3,065,476 3,065,476 3,065,476 3,065,476 3,065,476 3,065,476 3,065,476 3,065,476
Ending Depreciation 5,517,738 8,583,214 11,648,690 14,714,167 17,779,643 20,845,119 23,910,595 26,976,071 30,041,548
Year Three
Starting Depreciation 39,237,976 42,303,452 45,368,929 48,434,405 51,499,881 54,565,357 57,630,833 60,696,310 63,761,786
Additional Depreciation 3,065,476 3,065,476 3,065,476 3,065,476 3,065,476 3,065,476 3,065,476 3,065,476 3,065,476
Ending Deprecation 42,303,452 45,368,929 48,434,405 51,499,881 54,565,357 57,630,833 60,696,310 63,761,786 66,827,262
 Amortization and Depreciation Schedule

Amortization of Start-Up Costs Monthly

Prepaid Expenses $ 1,114,000
Total Expensed each Year $ 371,333 30944
Other Initial Costs $ 60,000
Total Expensed each Year $ 20,000 1667
Prepaid Expenses January February March April May June July August September
Year One
Amount Amortized 30,944 30,944 30,944 30,944 30,944 30,944 30,944 30,944 30,944
Total Amortized 30,944 61,889 92,833 123,778 154,722 185,667 216,611 247,556 278,500
Year Two
Amount Amortized 30,944 30,944 30,944 30,944 30,944 30,944 30,944 30,944 30,944
Total Amortized 402,278 433,222 464,167 495,111 526,056 557,000 587,944 618,889 649,833
Year Three
Amount Amortized 30,944 30,944 30,944 30,944 30,944 30,944 30,944 30,944 30,944
Total Amortized 773,611 804,556 835,500 866,444 897,389 928,333 959,278 990,222 1,021,167

Other Initial Costs January February March April May June July August September
Year One
Amount Amortized 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667
Total Amortized 1,667 3,333 5,000 6,667 8,333 10,000 11,667 13,333 15,000
Year Two
Starting Depreciation 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667
Ending Depreciation 21,667 23,333 25,000 26,667 28,333 30,000 31,667 33,333 35,000
Year Three
Starting Depreciation 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667
Ending Deprecation 41,667 43,333 45,000 46,667 48,333 50,000 51,667 53,333 55,000
 Amortization and Depreciation Schedule

October November December Totals

6,903 6,834 6,764 $ 85,640

9,187 9,255 9,325 $ 107,429
911,152 901,896 892,571

6,041 5,965 5,889 $ 75,563

10,048 10,124 10,200 $ 117,506
795,388 785,265 775,065

5,098 5,016 4,933 $ 64,540

10,991 11,073 11,156 $ 128,529
668,766 657,692 646,536

October November December Totals

21,947 21,912 21,876 $ 264,820

4,752 4,788 4,824 $ 55,573
2,921,539 2,916,751 2,911,927

21,501 21,462 21,423 $ 259,607

5,198 5,237 5,276 $ 60,786
2,861,655 2,856,418 2,851,142

21,014 20,971 20,928 $ 253,905

5,686 5,728 5,771 $ 66,488
 Amortization and Depreciation Schedule

2,796,153 2,790,425 2,784,654

 Amortization and Depreciation Schedule

October November December Totals

15,248 14,990 14,731 $ 193,549

44,156 44,413 44,672 $ 519,294
2,569,791 2,525,378 2,480,706

12,056 7,722 11,502 $ 151,952

47,348 47,624 47,902 $ 556,834
2,019,398 1,971,774 1,923,872

8,633 8,337 8,039 $ 115,756

50,770 51,067 51,364 $ 597,087
1,429,216 1,378,150 1,326,785

October November December Totals

8,303 8,109 7,915 $ 107,594

38,667 38,861 39,055 $ 456,046
1,621,869 1,583,009 1,543,954

5,918 5,713 5,506 $ 79,466

41,052 41,258 41,464 $ 484,174
1,142,501 1,101,243 1,059,779

3,386 3,168 2,949 $ 49,603

43,584 43,802 44,021 $ 514,037
633,565 589,763 545,742
 Amortization and Depreciation Schedule

October November December Totals

18,108 17,473 16,835 $ 243,535

152,411 153,046 153,684 $ 1,802,698
4,193,533 4,040,486 3,886,802

10,310 9,029 8,973 $ 150,692

160,209 160,877 161,547 $ 1,894,927
2,314,299 2,153,422 1,991,875

2,114 1,412 708 $ 54,358

168,406 169,107 169,812 $ 1,991,875
338,919 169,812 (0)

October November December Totals

1,984,405 2,140,357 2,296,310 $ 16,413,571

155,952 155,952 155,952
2,140,357 2,296,310 2,452,262 $ 18,631,667

30,041,548 33,107,024 36,172,500 $ 231,748,571

3,065,476 3,065,476 3,065,476
33,107,024 36,172,500 39,237,976 $ 268,534,286

66,827,262 69,892,738 72,958,214 $ 673,177,143

3,065,476 3,065,476 3,065,476
69,892,738 72,958,214 76,023,690 $ 709,962,857
 Amortization and Depreciation Schedule

October November December Totals

30,944 30,944 30,944 $ 371,333

309,444 340,389 371,333

30,944 30,944 30,944 $ 371,333

680,778 711,722 742,667

30,944 30,944 30,944 $ 371,333

1,052,111 1,083,056 1,114,000

October November December Totals

1,667 1,667 1,667 $ 20,000

16,667 18,333 20,000

1,667 1,667 1,667 $ 20,000

36,667 38,333 40,000

1,667 1,667 1,667 $ 20,000

56,667 58,333 60,000
Date Last Revised Revised By Notes

Tab 3a, cell O55: added margin from 6th product.

Tab 3b, cells O49 and AD49: added margins from 6th
product. Tab 7b: added % sales for lines 23 and 59
6/21/2013 Heather Hendy for all three years.

Updated Tabs 5a, 5b, 7a, and 7b to automatically

carry over debt categories from Tab 1 in case they
are edited. Updated Tabs 5b, 7a and 7b to carry over
expense categories from tab 5a in case they are
7/14/2013 Heather Hendy edited.

Tab 8 Balance Sheet Cell F41 comes from E41 + tab

6b cell AB24 + tab 6b cell AB27.
However tab 6b cell AB27 did not have a sum total in
the cell.
So when paying Dividends in Year 3 the total for the
year is not calculated and carried over to the Balance
4/23/2014 Heather Hendy Sheet. This has now been updated.

Comments were added to the calculation for Social

Security taxes to clarify that salaries above the wage
base limited ($117,000 currently) will cause the
estimate to be overstated and will require manual
11/12/2015 Joe Clarke calculation.
2/10/2016 Joe Clarke Corrected an error (typo) in Amortization Table.
Corrected an error in the calculation of Income Tax
for Year 3 on Tab 7b and set defaults on Tab 4 to
4/3/2016 Joe Clarke those needed by most startups.
Corrected the calculation of income tax on Tabs 7a
and 7b to realize interest expenses from all loan
5/18/2016 Joe Clarke types as well as bad debt.

Tab 3 b 1-3 year sales forecast correct formula in col

Q and col AF referenced the incorrect totals at the
bottom of the sheet. Col Q, The incorrect formula
was referencing cell O52, O53, O54, O55 needed to
reference O46, O47, O48, O49. Col AF, The incorrect
formula was referencing cell O52, O53, O54, O55
6/7/2018 Michael Gilman needed to reference AD46, AD47, AD48, AD49.

Updated on the Amortization&Depreciation tab rows

122 and 126 all the formluas were incorrectly
dividing the number twice by 12 months it should
have been only divided once. I have changed it and
1/29/2019 Michael Gilman verified everything updates correctly now.
Updated missing forumla on Additional Input sheet
2/19/2019 Michael Gilman P31 should be =sum(D31:O31)
 updated missing formulas: 1. tab 2a line 15, the cells
highlighted in red are the current requirements for
2020
2. tab 3b cell AC12, highlighted in red, the formula
Lou Davenport was missing, so I have inserted the correct formula
(changes made 3. tab 7b, line 57, I inserted the missing formulas that
by Sameena I highlighted in red
2/17/2020 Usmani in sheet)