Auditing and Consulting Business Plan

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Artemide Auditing & Consulting AG

Company Summary

Artemide AC will be an ongoing company from the sole proprietorship company Sandor Artemide dipl. Wirtschaftspr├╝fer with the following characteristics:

  • The goal will be to continue the activities on a larger personal and organizational basis, still with no debt financing.
  • Artemide AC will assume operations of one of the Daten Riffwald-Ennetmoos AG’s divisions.
  • Between the owners of Daten Riffwald-Ennetmoos and Artemide AC there will be a 25% cross-participation.
  • The cooperation between Daten Riffwald-Ennetmoos and Artemide AC is flexible–with the objective to change rapidly if the market demands.

2.1 Company History

The sole proprietorship company “Sandor Artemide dipl. Wirtschaftspr├╝fer” was founded 8 March 1996. In the first 10-month period, the company generated sales of $50,000.

In the time of general recession, between 1996 and 2000, with a concentrated basis work, the owner created and assured his independent existence. The name Artemide was made known, and he has established a good professional reputation in Luzern.

Before starting his own business, Sandor Artemide acquired extensive professional experience as listed below:

  • 5 years ATAG Graff & Altern in Geneva, Switzerland.
  • 3 years Ziegfeld in Bern, Switzerland.
  • 4 years KUGN in Bienne, Switzerland.
Auditing and consulting business plan, company summary chart image

Past Performance
2000 2001 2002
Sales $111,182 $146,505 $162,140
Gross Margin $111,182 $145,347 $138,977
Gross Margin % 100.00% 99.21% 85.71%
Operating Expenses $43,430 $46,325 $49,221
Collection Period (days) 27 17 19
Balance Sheet
2000 2001 2002
Current Assets
Cash $5,211 $22,583 $92,651
Accounts Receivable $8,107 $5,211 $11,581
Other Current Assets $579 $1,158 $1,158
Total Current Assets $13,897 $28,952 $105,390
Long-term Assets
Long-term Assets $5,211 $5,211 $6,948
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $5,211 $5,211 $6,948
Total Assets $19,108 $34,163 $112,338
Current Liabilities
Accounts Payable $9,256 $9,844 $11,581
Current Borrowing $4,053 $1,158 $2,895
Other Current Liabilities (interest free) $0 $0 $0
Total Current Liabilities $13,309 $11,002 $14,476
Long-term Liabilities $0 $0 $0
Total Liabilities $13,309 $11,002 $14,476
Paid-in Capital $5,000 $5,000 $5,000
Retained Earnings $799 $18,161 $92,862
Earnings $0 $0 $0
Total Capital $5,799 $23,161 $97,862
Total Capital and Liabilities $19,108 $34,163 $112,338
Other Inputs
Payment Days 45 45 45
Sales on Credit $111,182 $146,505 $162,140
Receivables Turnover 13.71 28.11 14.00

2.2 Company Ownership

Artemide Auditing & Consulting AG will be incorporated in the city of Luzern by Sandor Artemide, who will be the majority owner. Twenty-five percent of the company will be owned by Daten Riffwald-Ennetmoos AG, the parent company.

2.3 Company Locations and Facilities

Artemide AC is established in a separate office from Daten Riffwald-Ennetmoos AG, in Luzern. Secretary and telephone response is assumed by Daten Riffwald-Ennetmoos. In the same building, on the first level, is established ATO Geistesblitz (sale and consulting of SMB software sage-KHK).

The structure is well established and satisfies the needs of both Daten Riffwald-Ennetmoos and Artemide AC. Both companies intend to optimize the office location in the future.

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