Essay About Supermarkets.Financeline Of Credit 5M And Sales 110Mdec

Traditional Toys of Perennial Appeal to Children
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30% owned by Ponti70% InvestorsStrategyTraditional toys of perennial appeal to childrenReduce manufacturing costs – all produce in Italy by machine, no outsourcingPolicy of not laying off workersSalesSeasonal but less than cometitorsCustomersToy Stores, Small gift shops, etc and supermarkets.FinanceLine of credit 5M – paid over Q1 (2 months)From 2001-2003, plant expansion to increase production = sales 110MDec 2001 Bank Loan 20MDec 2003 Sales +15% Profits +22%Line of creditJune 2003 +7M, Dec 2003 +5MPreviously only used from May to SeptemberCash balance should be above 2MExpected growth2004 +15%2005 +5%2006 +5%Income Statement (P&L)Sales                         81,5MCOGS                         42,6MSG&A                        24,3MOverhead                4,1MF. Expense                1,2M(inc. interest Long term loan)Depre. Expenses         2,8M(to include in product cost when valuing inventories)Corporate TAX        (30%)         XXMPayment of Receivables 60 days (now longer, calculate)Payment to suppliers 60 daysPurchase of Materials 38,4M (Payments 37,2M)Tax outstanding from 2003 would be paid in March 2004