Kouros Brothers Ltd.

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Farm Machinery Manufacturer Business Plan

Company Summary

Kouros Brothers Ltd. is a manufacturer of heavy Agriculture equipments and Euro, with one location in industrial Estate area, Larnaca. The company began its operations since 1963 with little capital investment. The company combined  40 years of experience in the Agriculture machinery and Implements field to generate a large customer base, where until recently owned 80% of the local Potato machinery market.

The company is specialized into Potato planting and mechanization. After Cyprus accession into EU the company's Directors decided to expand their field of products and to diversify into Cereal, vegetables and livestock. Kouros Brothers Ltd. hopes to initially make a successful effort to secure start-up financing to implement a new business opportunity. 

2.1 Company Ownership

Kouros Brothers Ltd. is a limited liability company. Mr. Kouros Stella Zither, Mr. Panikos Stella, and Mr. Andreas Stella are the shareholders, owning 66%, 26% and 8% of the share capital, respectively.

2.2 Location & Facilities

The company has one office currently located in Industrial Area, at Our Town. The factory is only 3.5 kilometers from the center of town and is located on the front line of the industrial area. It has a 500 sq. meter showroom and is visible from the main road.

The factory has 3000m2 of shop floor area, where all manufacturing equipments and facilities are located and used for either maintenance or manufacturing of equipments and implements.  

The factory facilities are open from 07:00 - 17:00 hours, Monday to Friday. The company does receive after hours calls or on weekends and provides assistance as needed. 

2.3 Company History

Kouros Brothers Ltd. was founded in Our Town, Cyprus in 1963, to manufacture and to sell a complete A-Z series  of potatoes crop mechanization. The company was formed by the Stella Zither family: Mr. Kouros Stella Zither, Mr. Panikos Stella, and Mr. Andreas Stella.

Kouros Brothers Ltd. has its principal offices and manufacturing unit of 3000 m2 , located at Our Town, Industrial estate area, Cyprus.

We have good earnings and Capital Assets (the value of the land and store), but do not have enough cash on hand to buy new samples of the equipment to demonstrate their effectiveness to farmers.

Past Performance
2002 2003 2004
Sales £0 £189,336 £187,932
Gross Margin £0 £117,104 £114,356
Gross Margin % 0.00% 61.85% 60.85%
Operating Expenses £0 £53,688 £62,156
Collection Period (days) 0 0 0
Inventory Turnover 0.00 28.89 9.81
Balance Sheet
2002 2003 2004
Current Assets
Cash £0 £37,233 £22,870
Accounts Receivable £0 £0 £0
Inventory £0 £5,000 £10,000
Other Current Assets £0 £10,700 £13,980
Total Current Assets £0 £52,933 £46,850
Long-term Assets
Long-term Assets £0 £100,000 £100,000
Accumulated Depreciation £0 £3,104 £3,508
Total Long-term Assets £0 £96,896 £96,492
Total Assets £0 £149,829 £143,342
Current Liabilities
Accounts Payable £0 £0 £0
Current Borrowing £0 £59,015 £50,665
Other Current Liabilities (interest free) £0 £23,702 £13,501
Total Current Liabilities £0 £82,717 £64,166
Long-term Liabilities £0 £10,000 £10,000
Total Liabilities £0 £92,717 £74,166
Paid-in Capital £0 £10,000 £10,000
Retained Earnings £0 (£16,304) £6,976
Earnings £0 £63,416 £52,200
Total Capital £0 £57,112 £69,176
Total Capital and Liabilities £0 £149,829 £143,342
Other Inputs
Payment Days 0 30 30
Sales on Credit £0 £0 £0
Receivables Turnover 0.00 0.00 0.00