International Marketing And Advertising Inc , pt1
04/10/97 Interim Interim
8 months
Aug 31 1995 Jun 30 1996
Curr Assets 242,911 184,665
Curr Liabs 181,911 196,980
Current Ratio 1.33 .937
Working Capital 61,000 (12,315)
Other Assets 178,717 71,456
Worth 52,604 59,141
Sales 509,499 789,696
Net Profit (Loss) 12,936
Interim statement dated JUN 30 1996:
Cash $ 95,259 Accts Pay $ 149,630
Accts Rec 9,406 Taxes 12,000
Prepayments 80,000 Loans & Adv-Princ 35,350
--------------- ---------------
Curr Assets 184,665 Curr Liabs 196,980
Fixt & Equip 65,530 COMMON STOCK 10
Deposits 5,926 ADDIT. PD.-IN CAP 19,990
RETAINED EARNINGS 39,141
--------------- ---------------
Total Assets 256,121 Total 256,121
From JAN 01 1996 to JUN 30 1996 sales $789,696; cost of goods
sold $330,587. Gross profit $459,109; operating expenses
$440,661. Operating income $18,448; net income before taxes
$18,448; Federal income tax $5,512. Net income $12,936.
Submitted APR 10 1997 by Andrea R Ciba, sec. Extent of audit, if
any, not indicated.
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On APR 10 1997 Andrea R Ciba, sec, submitted the above figures.
She submitted the following partial estimates dated APR 10 1997:
Projected annual sales are $ 13,000,000.
On April 10 1997 Andrea Ciba, sec, indicated that in 1996, IMA
raised over $1.5 million in increased capital which has facilitated
the lease/purchase of IMA's own switching/billing systems. With the
addition of 15 engineers and programs, IMA produced proprietary
customized programs for these systems, allowing IMA the flexibility to
instantly adapt to any new business or marketing opportunity.
With the growth of IMA's ICON and the traffic exchange, revenue
is expected to be in excess of $13 million for 1997.
On Feb 17 1997 a Dun & Bradstreet analyst made a personal visit
to International Marketing And Advertising Inc at 250 Catalonia Ave
Ste 507, Coral Gables, FL. While a management interview was not
conducted at that time, the analyst confirmed that the business is
operating at this location. |
