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Loan Number: Amount:
Officer: Rate:
Date Created: 08/07/2008 03:16 PM

Name Credit Score


Businesses: K-L Fashions, Inc. (Sample) N/A

Source of Repayment

Source of Collateral

Background

Analysis

Existing Financial Institution Relationships


K-L Fashions, Inc. (Sample)

Loans / Debt Structure Summary


Monthly
Name Borrower Type Financing Balance
Payment
Senior Debt K-L Fashions, Inc. Fixed
(Sample)
Principal Senior Debt $78,000.00 $1,196.95

TO ADJUST THE TERMS OF A LOAN, SIMPLY CLICK ON THAT LOAN IN THE LIST ABOVE.

See below for a summary of the key metrics; proposed loans are included in the "Proposed" column.
Calculate the debt service for the "Current Period" below based on: Financial Statement Information (recommended)
Key Metrics Calculation Current Period Proposed
Note: All numbers in this section are expressed ANNUALLY
Businesses
EBITDA: A $259,610 $259,610
Estimated Debt Service: B $10,180 $10,180
Discretionary Cash Flow: A-B $249,430 $249,430
Debt Service Coverage Ratio: A/B #VALUE! #VALUE!
Interest Coverage Ratio: A / Interest #VALUE! #VALUE!
Total Sales (Revenue): $6,039,750 $6,039,750
Gross Profit: $2,466,680 $2,466,680
Gross Profit Margin: #VALUE! #VALUE!
Total Assets: C $1,854,000 $1,854,000
Total Liabilities: D $685,740 $685,740
Total Equity: E=C-D $1,168,260 $1,168,260
Debt to Equity Ratio: D/E #VALUE! #VALUE!

Formula Key
Businesses
Estimated Business Debt Service* = Current Portion of Long Term Debt (prior period) + Interest Paid (current period)
Business Debt Service Coverage Ratio = EBITDA / Estimated Debt Service
Business Interest Coverage Ratio = EBITDA / Interest Expense
Business Debt to Equity Ratio = Total Business Liabilities / Total Business Equity

* Estimated debt service for the period; if the debt structure is specified, we can be more precise.
K-L Fashions, Inc. (Sample)

Compilation Compilation
BLM

Income Statement 1/31/1990 % Sales 1/31/1991 % Sales


Sales (Income) $5,452,010 100% $6,039,750 100%
Cost of Sales (COGS) $3,135,730 58% $3,573,070 59%
Gross Profit $2,316,280 42% $2,466,680 41%
Depreciation $0 0% $0 0%
Amortization $0 0% $0 0%
Overhead or S,G,&A Expense $1,849,100 34% $2,221,540 37%
Payroll / Wages / Salary $0 0% $0 0%
Rent $0 0% $0 0%
Advertising $0 0% $0 0%
Other Operating Income $19,510 0% $14,470 0%
Other Operating Expenses $0 0% $0 0%
Operating Profit $486,690 9% $259,610 4%
Interest Expense $13,990 0% $10,180 0%
Other Income $0 0% $0 0%
Other Expenses $0 0% $0 0%
EBITDA $486,690 9% $259,610 4%
Net Profit before Taxes $472,700 9% $249,430 4%
Adjusted Owner's Compensation $0 0% $0 0%
Adjusted Net Profit before Taxes $472,700 9% $249,430 4%
Taxes Paid $181,990 3% $102,000 2%
Extraordinary Gain $0 0% $0 0%
Extraordinary Loss $0 0% $0 0%
Net Income $290,710 5% $147,430 2%
Balance Sheet 1/31/1990 %Assets 1/31/1991 %Assets
Cash $82,540 5% $272,640 15%
Accounts Receivable $3,480 0% $12,090 1%
Inventory $857,090 51% $738,630 40%
Other Current Assets $54,030 3% $54,880 3%
Total Current Assets $997,140 60% $1,078,240 58%
Gross Fixed Assets $856,070 51% $1,024,190 55%
Land and Buildings $383,350 23% $531,270 29%
Fixtures and Equipment $411,230 25% $476,460 26%
Leasehold Improvements $15,120 1% $16,460 1%
Construction in Progress $46,370 3% $0 0%
Accumulated Depreciation $183,890 11% $248,430 13%
Net Fixed Assets $672,180 40% $775,760 42%
Gross Intangible Assets $0 0% $0 0%
Accumulated Amortization $0 0% $0 0%
Net Intangible Assets $0 0% $0 0%
Other Assets $0 0% $0 0%
Total Assets $1,669,320 100% $1,854,000 100%
Accounts Payable $244,150 15% $377,970 20%
Short Term Debt $0 0% $0 0%
Current Portion of Long Term Debt $0 0% $0 0%
Other Current Liabilities $195,000 12% $229,770 12%
Advance Payment on Orders $2,030 0% $4,460 0%
Income Taxes Payable $53,020 3% $70,800 4%
Other Current Obligations $139,950 8% $154,510 8%
Total Current Liabilities $439,150 26% $607,740 33%
Notes Payable / Senior Debt $84,130 5% $78,000 4%
Notes Payable / Subordinated Debt $0 0% $0 0%
Other Long Term Liabilities $0 0% $0 0%
Long Term Liabilities $84,130 5% $78,000 4%
Total Liabilities $523,280 31% $685,740 37%
Preferred Stock $0 0% $0 0%
Common Stock $2,010 0% $2,010 0%
Additional Paid-in Capital $307,810 18% $311,360 17%
Other Stock / Equity ($38,940) -2% ($128,920) -7%
Less: Treasury Stock ($38,940) -2% ($128,920) -7%
Ending Retained Earnings $875,160 52% $983,810 53%
Total Equity $1,146,040 69% $1,168,260 63%
Total Liabilities + Equity $1,669,320 100% $1,854,000 100%
Total Assets - (Total Liabilities +
$0 0% $0 0%
Equity)

Statement of Equity 01/31/1990 % Assets 01/31/1991 % Assets


Preferred Stock $0 0% $0 0%
Common Stock $2,010 0% $2,010 0%
Additional Paid-in Capital $307,810 18% $311,360 17%
Other Stock ($38,940) -2% ($128,920) -7%
Total Stock $270,880 16% $184,450 10%
Beginning Retained Earnings $624,400 37% $875,160 47%
Net Income $290,710 17% $147,430 8%
Dividends Paid / Withdrawals $0 0% $0 0%
Other Changes to Retained Earnings ($39,950) -2% ($38,780) -2%
Ending Retained Earnings $875,160 52% $983,810 53%

Ending Equity as Calculated Above $1,146,040 69% $1,168,260 63%


Actual Equity from Balance Sheet $1,146,040 69% $1,168,260 63%
Difference (Unexplained Change in
$0 0% $0 0%
Equity)
Cash Flow Statement 01/31/1991

Cash Flow from Operations


Sales (Income) $6,039,750
Cost of Sales (COGS) $3,573,070
Gross Profit $2,466,680
Depreciation $0
Amortization $0
Overhead or S,G,&A Expenses $2,221,540
Other Operating Income $14,470
Other Operating Expenses $0
Operating Profit $259,610
Interest Expense $10,180
Other Income $0
Other Expenses $0
Net Profit before Taxes $249,430
Taxes Paid $102,000
Extraordinary Gain $0
Extraordinary Loss $0
Net Income $147,430

Add Back Depreciation $0


Add Back Amortization $0
Decrease (Increase) in Accounts
($8,610)
Receivable
Decrease (Increase) in Inventory $118,460
Decrease (Increase) in Other Current
($850)
Assets
Increase (Decrease) in Accounts
$133,820
Payable
Increase (Decrease) in Other Current
$34,770
Liabilities
Cash Flow from Operations $425,020

Cash Flow from Investments


Capital Expenditures ($103,580)
Decrease (Increase) in Intangible
$0
Assets
Decrease (Increase) in Other Assets $0
Cash Flow from Investments ($103,580)

Cash Flow from Financing Activities


Increase (Decrease) in Short Term
$0
Debt
Increase (Decrease) in Current Long
$0
Term Debt
Increase (Decrease) in Senior Debt ($6,130)
Increase (Decrease) in Subordinated
$0
Debt
Increase (Decrease) in Other Long
$0
Term Liabilities
$0
Increase (Decrease) in Preferred Stock
$0
Increase (Decrease) in Common Stock
Increase (Decrease) in Additional Paid-
$3,550
in Capital
Increase (Decrease) in Other Stock ($89,980)
Dividends Paid / Withdrawals $0
Other Changes to Retained Earnings ($38,780)
($131,340)
Cash Flow from Financing Activities

Net Free Cash Flow $190,100


Beginning Total Cash $82,540
Ending Total Cash $272,640
Unexplained Change in Cash on
$0
Balance Sheet
K-L Fashions, Inc. (Sample)
Interest Coverage Ratio Senior Debt to Cash Flow
12.00 12.00

10.00 10.00

8.00 8.00

6.00 6.00

4.00 4.00

2.00 2.00

0.00 0.00

1/31/1990

1/31/1991
1/31/1991
1/31/1990
Interest Coverage Ratio* = EBITDA / Interest Expense Senior Debt to Cash Flow* = Senior Debt / EBITDA

Debt Service Coverage Ratio Debt to Capitalization


12.00 1200.00%

10.00 1000.00%

8.00 800.00%
6.00 600.00%

4.00 400.00%

2.00 200.00%
0.00 0.00%

1/31/1991

1/31/1990

1/31/1991
1/31/1990

Debt Service Coverage Ratio* = EBITDA / Debt Service Debt to Capitalization = Total Liabilities / (Total Liabilities + Total Equity)

Debt to Cash Flow Cash


12.00 $300,000

10.00 $250,000

8.00 $200,000

6.00 $150,000

4.00 $100,000

2.00 $50,000

0.00 $0
1/31/1991

1/31/1991
1/31/1990

1/31/1990
Debt to Cash Flow* = Long Term Liabilities / EBITDA

*These formulas have been scaled to approximate annual statistics.


c
e

t
o

B
e
n
K-L Fashions, Inc. (Sample) c
h
m
a
454113 - Mail-Order Houses r
Sageworks Benchmarks 1/31/1990 1/31/1991 k
(35 Financial Statements)
Liquidity Ratios
Current Ratio 3.23 2.27 1.77
###
Quick Ratio 0.69 0.20 0.47
###
Working Capital 557,990.00 470,500.00

Financial Leverage / Coverage Ratios


Debt-to-Equity Ratio 1.22 0.46 0.59
###
Debt Service N/A $10,180
Debt Service Coverage Ratio N/A #VALUE!
Interest Coverage Ratio 2.26 #VALUE! #VALUE!
###
Senior Debt to Cash Flow #VALUE! #VALUE!
Debt to Cash Flow #VALUE! #VALUE!
Debt to Capitalization #VALUE! #VALUE!

Profitability Ratios
Operating Profit Margin 1.27% 8.93% 4.30%
###
Net Profit Margin 1.90% 8.67% 4.13%
###
Return on Equity -0.54% #VALUE! #VALUE!
###
Return on Assets -0.51% #VALUE! #VALUE!
###

Activity / Efficiency Ratios


#VALUE! 14.50 Days #VALUE! #VALUE!
###
#VALUE! 37.51 Days #VALUE! #VALUE!
###
#VALUE! 85.23 Days #VALUE! #VALUE!
###
Fixed Asset Turnover 19.21 #VALUE! #VALUE!
###
Key Ratios & Graphs

Businesses Debt Service Coverage

$300,000

$250,000

$200,000

$150,000 $259,610

$100,000

$50,000
$10,180

$0

1 2

EBITDA: $259,610
Debt Service: $10,180

Businesses Debt to Equity

$1,200,000

$1,000,000

$800,000

$600,000

$400,000

$200,000

$0

Debt Equity

Debt: $685,740
Equity: $1,168,260

Businesses Current Ratio

$1,200,000

$1,000,000

$800,000

$600,000

$400,000

$200,000

$0

Current Liabilities
Current Assets

Current Assets: $1,078,240


Current Liabilities: $607,740
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