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Kouros Brothers Ltd.
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 |