Web Services Provider
Company Summary
Legal Business Description
Web Services Provider was founded in September 1993 in Richmond, Virginia as an Internet Service Provider. The company is a Virginia Corporation with principal offices located in Richmond.
2.1 Company History
Web Services Provider began as a Web hosting company. The company developed a highly-skilled engineering team dedicated to developing a system to offer clients the greatest degree of reliability and bandwidth at a more affordable price. Web Services Provider, with its in-depth knowledge of Web hosting systems, is now evolving into a large, specialized, Web hosting service provider.
| Past Performance | |||
| 1997 | 1998 | 1999 | |
| Sales | $0 | $0 | $900,000 |
| Gross Margin | $0 | $0 | $700,000 |
| Gross Margin % | 0.00% | 0.00% | 77.78% |
| Operating Expenses | $0 | $0 | $700,000 |
| Collection Period (days) | 0 | 0 | 3 |
| Balance Sheet | |||
| 1997 | 1998 | 1999 | |
| Current Assets | |||
| Cash | $0 | $0 | $2,450 |
| Accounts Receivable | $0 | $0 | $14,200 |
| Other Current Assets | $0 | $0 | $1,050 |
| Total Current Assets | $0 | $0 | $17,700 |
| Long-term Assets | |||
| Long-term Assets | $0 | $0 | $5,250 |
| Accumulated Depreciation | $0 | $0 | $1,000 |
| Total Long-term Assets | $0 | $0 | $4,250 |
| Total Assets | $0 | $0 | $21,950 |
| Current Liabilities | |||
| Accounts Payable | $0 | $0 | $10,000 |
| Current Borrowing | $0 | $0 | $500 |
| Other Current Liabilities (interest free) | $0 | $0 | $10,900 |
| Total Current Liabilities | $0 | $0 | $21,400 |
| Long-term Liabilities | $0 | $0 | $3,550 |
| Total Liabilities | $0 | $0 | $24,950 |
| Paid-in Capital | $0 | $0 | $100,000 |
| Retained Earnings | $0 | $0 | ($103,000) |
| Earnings | $0 | $0 | $0 |
| Total Capital | $0 | $0 | ($3,000) |
| Total Capital and Liabilities | $0 | $0 | $21,950 |
| Other Inputs | |||
| Payment Days | 0 | 0 | 30 |
| Sales on Credit | $0 | $0 | $900,000 |
| Receivables Turnover | 0.00 | 0.00 | 63.38 |
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