business plan of seven seas

7/28/2019 Business Plan of SEVEN SEAS

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Business Plan

3251 Kennedy Rd, Unit #22 Toronto (Scarborough), ON Canada M1V2J9Phone 416-335-5353 Fax 416-335-5454 Email:[email protected]

Seven
mailto:[email protected]:[email protected]:[email protected]


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AGREEMENT OF CONFIDENTIALITY

I agree that reading of this Business Plan is strictly limited to me as authorized by Mr.Mr.Ioannis KoukouvasIoannis Koukouvas and Seven SeasSeven Seas (the Company). I agree that I shall not divulge orreproduce the content of this Business Plan without the written consent of the Company.

I understand that any information provided in this Business Plan is in all respectsconfidential in nature, other than information which is in the public domain through othermeans. I agree not to disclose any information without the express written permission ofMr. Ioannis KoukouvasIoannis Koukouvas and Seven Seas.Seven Seas.

Upon request, I will return this document to Mr. Ioannis KoukouvasIoannis Koukouvas and Seven Seas.Seven Seas.

This Business Plan includes forward-looking statements and projections. All suchstatements and projections within this Business Plan, other than statements of historicalfact, regarding Seven SeasSeven Seas or its strategies, plans, objectives and expectations, are allforward-looking statements. Although Seven SeasSeven Seas believes that the projections reflectedin this plan are reasonable at this time, it can give no assurance that these projections willprove to have been correct.

This Business Plan is not a financing offer. A financing offer is only valid with an

approved Private Placement Memorandum.

___________________ ___________________

Signature Date

___________________

Name (typed or printed)


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TABLE OF CONTENTS

EXECUTIVE SUMMARY 5The Business Concept 5

The Market Opportunity 6Operations of the Business 9Product and Service Offerings 10About Sponges 11

The Company 12Mission of the Company 12Company Structure 12

1. Legal Status 122. Physical Location 123. Intellectual Property 13

Company Location 13

Company History 13

Growth Strategy 14Business Objectives 14Targeted Customers 14Key Initiatives 15Competition and Competitive Advantages 15Size of the Market 16Marketing Activities 17

Corporate Management 18Management 18

Key Financial Projections 18Financial Needs and Use of Funds 18Projected Profit and Loss 19Projected Balance Sheets 21Projected Cash Flow 22Break Even Calculation 23Summary of Investor Return and Risk 23

References 24

Appendices 2512 Month Projected P & L 25

12 Month Projected Balance Sheet 2612 Month Projected Cash Flow 275 Year Projected P & L 285 Year Projected Balance Sheet 295- Year Balance Sheet 295 Year Projected Cash Flow 30List of Customers 31


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EXECUTIVE SUMMARY

The Business Concept

Seven SeasSeven Seas (Seven SeasSeven Seas or the Company) is the operating name of Canadian corporation2047586 Ontario Inc. It specializes in the manufacturing and processing of natural seasponges. The Company has been in business for over three years (the owner's experienceis more than 15 years) and during that time it has established a very loyal repeat customerbase.

Seven SeasSeven Seas is one of the largest producers of natural sponges in North America. TheCompanyhas relationships with its own network of harvesters throughout the world andit imports the sponges directly. The Company provides almost all of the natural seasponges used in Canada by the paint and hardware market as well as the bath andcosmetic industry. These sponges are sold under the Companys own brand as well as

many private labels. Seven SeasSeven Seas is located in Scarborough, a former borough of Toronto,Canada.

Seven SeasSeven Seas will take advantage of the strong market demand for natural sponges to driveits growth. Sea sponges can be used for a variety of different applications such as:

Make-up applications

Cleansing a babys delicate skin

In the bath or in the shower

Washing a car

Washing windows or the walls

Sponge painting and faux finishing

Enjoyment as a decorative ornament.

Natural sponges have intriguing shapes and a warm golden color. They feel soft, smooth,silky on the skin, and their fleecy texture will not scratch or harm any surface nor irritatethe skin. All of Seven SeasSeven Seas sponges are environmental friendly as certified by theBahamas Chamber of Commerce.

The Company expects to gain a profitable market share within a very short period oftime. Determinations have been made for the size of the market, amounts of budgeted

advertising and promotion dollars, and the number and kinds of distribution channels.

Projections call for the Company to generate revenues of $1.96 million in its next twelvemonths. Seven SeasSeven Seas will achieve strong growth in succeeding years, reaching $4.52million in revenues and more than $955,000 of net income by the fifth year.

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The Market Opportunity

Global Sponge Market

The current world sponge market is worth approximately $40 million annually, accordingto recent research. In this well established market, it has been said, The earliest recordof people trading in sponges, or gods trading in sponges that we've been able to find, isin the Iliad by Homer, so we're looking at an industry that's been established for at leasta couple of thousand years.

As mentioned, sea sponges come in numerous grades and have many uses, such as (toname a few):

Shower and bath

Cosmetic application

Home decorating

Paint texturing

Industrial

Personal care

Car care

Tool cleaning

Toy creation

Floral arrangements

Polishing Shoes

Ornamental design

Sponge fibers are made of collagen which makes them more resilient than plastic spongesto acids and harsh solvents and chemicals. In North America, and around the world,sponge diving has been a family tradition for thousands of years. Currently there areapproximately 5,000 species of sea sponges. Distribution of sponges is worldwide,ranging from the worlds warmer Tropical Regions to colder Polar Regions. 3, 4

Sea sponges are known for their durability and softness, as well as resistance to abrasion,more so than synthetic sponges. Peeling is not a problem in sea sponges like what is seenin synthetic sponges. Other advantages include better cleaning and odor-free properties.Sea sponges are self-cleaning through intricate canals, yet have the ability to hold largeamounts of liquid without dripping.

Natural Cosmetics & Toiletry Industry Growth

Current research shows global natural cosmetic sales totaled nearly $7 Billion in 2007; anincrease of $1 billion since 2006, according to the Organic Monitor. Both Europe andNorth America have contributed substantially to the growth of the market.

Consumer demand for green products is a major driver of natural & organic productgrowth. According to recent studies, The natural & organic sector is the fastest growingin the North American cosmetic & toiletries industry, with sales increasing by 20% ayear. Analysts project that natural & organic products will total 15% of all cosmetic &toiletry sales over the next few years. Increased consumer demand for these products isreflected in sales at: 2

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Drugstores

Supermarkets

Pharmacies Other Retailers

The 2005 U. S. Market for Natural and Organic Personal Care Products study reportedthe demand for natural and organic personal care products, as well as natural or organicproducts in general, has increased at breakneck speed, as consumers are becoming moreaware of health and environmental issues. In 2004 research showed 66% of UnitedStates consumers had used organic products, up from 55% in 2000. Sales in this sectorare projected to reach $6.6 billion in 2010, up from $4.3 billion in 2004.

Natural cosmetics and organic beauty product manufacturers will continue to experience

surging sales throughout the decade. Marketing possibilities for these products areendless as consumers come from every demographic group baby boomers to collegegraduates and teenagers.

Cosmetics are primarily used in cleansing, improving or altering the complexion, hair,teeth, and skin. In Canada there are nearly 3,700 cosmetic companies producing over20,000 types of cosmetic products. Worldwide, the cosmetic industry totals over $250billion annually. 1

Global Coatings Market

Industry report, Coatings Global State of the Industry stated the global coatingsmarket is estimated to be $80 billion. Within the total market architectural coatingscomprise about 51%.

According to Kerry Pianoforte, Associate Editor of Coatings World, The big guys aregetting bigger. The U.S. is the dominate player in the North American architecturalcoatings market at 88%. The top ten paint companies in the U.S. comprise 90% of themarket. However, Asia has grown from 28% of the market to 31%. 5

Canadian Retail Industry

The largest recorded year-over-year retail increase of the last nine years in Canada wasreported in 2006 at 6.4%. Retail sales reached $390.6 billion in 2006, on a per capitabasis, the equivalent of $11,974 for every Canadian.

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Research shows, Sales of health and personal care products rose 8.1% last year to$33.0 billion, the fastest pace in four years. Canadian retailers registered sales of $21.8

billion in prescription and non-prescription drugs, for a 9.5% increase over 2005.

In 2006 sales of personal care, health and beauty products, such as cosmetics and relatedmerchandise, toilet paper and shaving cream, rose 5.2%. Together these items representabout 30% of the sales of this commodity grouping. The following charts brieflyoverview the current Canadian retail market: 6

Retail Market Share 1998-2006

Retail Dollars in 2006

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Healthy Growth Rates for all Retail Commodity Groups in 2006

There is a large opportunity to build a dominant and respected natural sponge business inthis market space.

Operations of the Business

Seven SeasSeven Seas targets both commercial and residentialusers as potential customers. It focuses on Ontario andthe Canadian region.

The size and quality of the Seven SeasSeven Seas sponges isalways reliable. The Companys principals areconstantly traveling to remote locations throughout theworld to ensure that only select and properly sizedsponges reach the warehouse. To ensure that itscustomers receive the best product, Seven SeasSeven Seas treatsits sponges in a unique solution formulated in-house to

remove stones and sediments and preserve the naturalstrength and durability of each sponge.

Each shipment of sea sponges is carefully examined, and if the product does not meetquality standards, it is not accepted. The Companys goal is to make each customer happyand satisfied.

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The Company buys its products and ingredients from a network of sponge harvestersthroughout the world. In each location where sponges are harvested, Seven SeasSeven Seas assures

that the harvesting operations are environmental friendly.

Marketing efforts of the Company will focus on several activities. These include:

Print advertising

Yellow pages

Radio

Trade Shows

Direct mail

Product and Service Offerings

Seven SeasSeven Seas provides a wide range of natural sponge products. These are grouped into twomajor market categories and include:

Cosmetic and Bath

Silk Sea Sponges

Bath Sponges (Grass)

Bath Sponges (Wool)

Natural Loofah Sponges

Cellulose Flats

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Professional Artistic

This product line includes an assortment of wool, grass and silk sponges. These sponges

are excellent for sponge painting, stippling, pottery, tile, staining, oil, acrylic, and watercolor painting and ceramics.

Grass Natural Sea Sponge

Natural Wool Sponge - the most durable, soft and absorbent of anynatural sea sponge. Excellent for wall paper application, spongepainting (Faux Finishing), and any major cleaning job such as carwashing. It is non-abrasive.

Elephant Ear Sea Sponge - excellent for pottery, cleaning, fauxpainting and leather working.

Decor Sponges

About Sponges

Natural sea sponges possess remarkable powers of regeneration, or the ability to re-growlost parts. Commercial sponge growers take advantage of this phenomenon by plantingpieces of cut up sponge much as gardeners plant potato slices to produce many potatoplants.

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The natural sea sponge is a renewable resource that is harvested from the sea. Scientificstudies have consistently confirmed that the regular harvest of natural sea spongesenhances the health and population of the natural sea sponges. The Companys divers donot destroy the roots of the sponges, but they actually cut the sponge in such a way that

the liquids that are released into the sea, along with the current of the water, help thesponge to re-grow. The life span of a natural sea sponge that is not harvested is about tenyears.

The Egyptians were the first humans to discover the use of sponges for personal bathing.They also used sponges as padding in suits of amour. Sponges were also used ascontraceptives.

No man-made material compares with natural sponges for cosmetic bathing, household,painting and ornamental use. The best sponges are located in the deepest waters. The bestharvesting locations for sponges are located in waters where the temperatures generally

remain above 13 degrees Celsius. Diving for sponges is a rare skill and a daringchallenge.

THE COMPANY

Mission of the Company

Seven SeasSeven Seas goal is to provide customers with superior service and the best natural seasponges. The Company will continually provide the best sponge products on the market.Our products will be sought after for their quality and selection. We will treat each

customer with respect and we will be known for our outstanding customer service.

Company Structure

1. Legal Status

Seven SeasSeven Seas is the operating name of Canadian Corporation 2047586Ontario Inc which was formed in May 2004. The Company is ownedby Mr. Ioannis Koukouvas.

2. Physical Location

The Company operates out of facilities located at 3251 Kennedy Rd,Unit #22, Toronto, Ontario Canada M1V2J9. The Company leasessuitable business space to support its operations. The present premisesare leased for five years with an option to renew. The Company ownsits own machinery, equipment, computers, vehicle furniture andfixtures and it has made significant leasehold improvements.

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This space is 2,600 sq. ft and it includes a reception area, meetingrooms, offices and production and inventory areas. It provides easy

access to employees with ample free parking.

3. Intellectual Property

Seven SeasSeven Seas maintains a web site at www.sevenseasponges.com tomarket its services. There is no other proprietary intellectual propertyowned by the Company.

Company Location

The Company is located in Scarborough, a former borough of Toronto. Its economy is anintegral component of the Toronto economy. Scarborough lacks the level of urban

density and business infrastructure that downtown Toronto has and it still has a few farmsthat are reflective of the areas rural past.

Compared to Toronto, industry in Scarborough is similar in all categories except that themanufacturing component is higher. Conversely, professional, scientific and technicalservices are lower in Scarborough than Toronto. Several notable companies haveheadquarters in Scarborough and these include Toyota Canada, Eli Lilly Canada,Thomson Carswell, CTVglobemedia, Novopharm, Cinram International and AtlanticPackaging Products.

Company HistorySeven SeasSeven Seas is an existing venture with several years of profitable history.

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2004-2005 2005-2006 2006-2007

Revenues $1,162 $1,433 $1,477COGS $500 $708 $704Gross Profit $662 $725 $773Total Expenses $562 $601 $633Operating Income $100 $123 $140

9% 9% 9%

Net Income $82 $100 $114

6% 7% 8%

Historical Financials ($1,000's)
http://www.sevenseasponges.com/http://www.sevenseasponges.com/


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The founder has performed extensive research to determine the market viability andoperational challenges for expansion of the business. Questions that were addressedinclude:

Does the market support an expansion? Can the Company still win over its competitors?

Will the existing customers continue to be attracted to the business?

How much expansion funds are needed?

How much monthly revenue is needed to achieve break even?

GROWTH STRATEGY

Business Objectives

The Company is planning on strong growth in the next twelve months. It plans onachieving the following objectives:

Upgrade machinery and equipment

Add several new customers

Maintain its staff of professional employees

Grow twelve month revenue in excess of $1.95 million

In succeeding years, Seven SeasSeven Seas will continue to grow its business and will achieve theseobjectives:

Grow the annual number of new customers each year

Maintain its excellent reputation among customers

Achieve customer loyalty by placing strong emphasis in the areasof outstanding service and support

Attain $4.52 million in annual sales in Year 5

Targeted Customers

Seven SeasSeven Seasproducts can be used by both commercial and residential clients. The

product is applicable to all age groups.

The Company will target these types of customers within Ontario Canada and the region.

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Key Initiatives

Seven SeasSeven Seas has developed the following key initiatives to achieve its growth goals:

Expand its marketing efforts to reach its target audience

Build on its effective sales program to identify and secure newcustomers

Provide the best quality products at the most competitive pricing

Provide a satisfying experience for every customer

With the proper financing and adherence to this business plan objectives, the Companybelieves it can complete these initiatives and achieve success.

Competition and Competitive Advantages

Seven SeasSeven Seas has identified several competitors. The Company is keenly aware of the needto continually evaluate its competitors. The Company has performed a competitiveanalysis of the following competitors to determine how it can attract customers.

Florida Sponge Company

www.floridasponges.com

Strengths: Well established organization with good brand recognitionWeaknesses: Poor customer service

Tarpon Sponges

www.tarponsponge.com

Strengths: Easily accessible locationWeaknesses: Poor back-up service

Springfair

www.springfair.com

Strengths: Good client development skills

Weaknesses: Expensive product

The Company believes it can continue to compete effectively. Its product quality is thebest in the business and its sizing is always reliable. Furthermore, Seven SeasSeven Seas has built awell-run organization and it has effectively established its brand in the market.

The market will continue to desire the Companys products for several reasons. Theseinclude:

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http://www.floridasponges.com/http://www.floridasponges.com/http://www.tarponsponge.com/http://www.tarponsponge.com/http://www.springfair.com/http://www.springfair.com/http://www.floridasponges.com/http://www.tarponsponge.com/http://www.springfair.com/


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A professional and artistic product

Perfect for gentle cleaning

Excellent choice for bathing babies

Excellent for removing make-up or applying cleansing lotions andcreams

Provides less abrasive cleaning

Great for sponge paintings, stipling, pottery, tile, staining and oil,acrylic or water colour painting

Perfect for wall paper application and wall washing

Size of the Market

Seven SeasSeven Seas is focused on obtaining customers in the Ontario region. This area is large

enough to support the Companys business objectives.

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Number of Establishments in CanadaDecember 2005

Location Employers Independent % Total

Canada 60,585 37,275 100%

Ontario 23,220 15,757 40%

Number of Employer Establishments in CanadaDecember 2005

Micro Small Medium Large

1 - 4 5 - 99 100 - 499 500 +

Canada 25,471 30,246 4,456 412

Ontario 8,548 12,400 2,067 205

Location


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Marketing Activities

Seven SeasSeven Seas utilizes various marketing efforts to attract customers, including:

Optimize its web site to describe and promote the business

The Company will optimize its web site to attract prospectivecustomers. Seven SeasSeven Seas will hire a professional design firm to createa new web site in order to handle the Companys online marketinginitiatives. This web site will provide all of the information apotential customer might need to make a buying decision. It willalso include a product demonstration

Direct mail and email activities to targeted audiences

Seven SeasSeven Seas will send out direct mail pieces to all existing customersand companies which have expressed an interest in the Companysproducts. These mailings will provide information on anypromotions the Company may be offering and will also advertiseany new products. Direct email will also be sent to prospectivecustomers thanking them for interest in the Companys products.

Print advertising

The Company will take out ads in many different publications.These include publications targeted to Canadian manufacturingindustries, local newspapers and technology industry publications.

Radio Ads

The Company is in the process of developing commercials that willbe broadcast on local Scarborough area radio stations.

Yellow pages

Seven SeasSeven Seas will take out an advertisement in the local Yellow Pages.

Web advertising (pay-per-click)

Seven SeasSeven Seas will buy ads for various search words and phrases on

applicable search engines.

Trade Shows

The Company will attend all related trade shows (manufacturing andtechnology industries) that occur within the region. These eventsrepresent excellent networking and advertising opportunities.

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Search engine optimization (SEO)

The Company will optimize its web site so that it will in improve itsyield in search engine results. Seven SeasSeven Seas will continually improve

its SEO scores by optimizing to search words and by establishinglink programs whereby the number of sites linking to it increase.

Customer loyalty programs

The Company will develop strong customer loyalty programs togenerate repeat business. Seven SeasSeven Seas will implement and manageprograms that reward a customer for repeat business with theCompany.

Referrals

Seven SeasSeven Seas will develop referral programs whereby existingcustomers receive incentives to refer friends or associates ascustomers.

The Company has designed an aggressive and creative promotional strategyintended to maximize its exposure to the target audience. This will allow theCompany to focus more effectively on its potential customers with minimaladvertising dollars.

CORPORATE MANAGEMENT

Management

President and Owner: Mr. Ioannis Koukouvas

KEY FINANCIAL PROJECTIONS

Financial Needs and Use of Funds

The owner has equity of approx. $500,000 in the company with no market liabilities. TheCompany is seeking $500,000 in terms of short/long term financing from 3 to 5 years, tobuy new machines. The approx. cost of the machinery is $250,000. The remainingamount will be termed an "operating loan / working capital".

NOTE: All financial numbers in this plan are in Canadian dollars.

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Projected Profit and Loss

Seven SeasSeven Seas revenues are projected to grow significantly in the next twelve months.Monthly revenue will increase to $195,000. For the 12-month period, revenues will total$1.96 million and this will yield an operating profit of $322,000 and a net income of$169,000. The monthly projections are illustrated in the following graph:

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Sources

Equity $500,000

Total Sources $500,000

Uses

Equipment $250,000

Operating/Working Capital $250,000

Total Uses $500,000

Sources and Uses of Proceeds

12 Month Revenues and Net Income

$0

$50,000

$100,000

$150,000

$200,000

$250,000

Month 1 Month 4 Month 7 Month 10

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

Revenues Net Income


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The next two graphs show Seven SeasSeven Seas projected annual revenues and annual net profitover a five year period.

Detailed profit and loss projections are presented in the Appendix.

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Projected Annual Revenues

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

Year 1 Year 2 Year 3 Year 4 Year 5

Projected Annual Operating and Net

Income

$0

$1,000,000

$2,000,000


Net Income Oper Income


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Projected Balance Sheets

The Company anticipates maintaining a strong balance sheet.

Complete projected balance sheet details are shown in the Appendix.

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Projected 12 Month Current Ratio

2.0

2.1

2.2

2.3

2.4


Projected Annual Current Ratio

0.0

2.0

4.06.0



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Projected Cash Flow

The Companys cash flow projections show that Seven SeasSeven Seas will have sufficient cash to

support the business. The following graphs present a view of projected cash flow of thebusiness.

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Projected 12 Month Cash Flow

$0

$50,000

$100,000$150,000

$200,000

$250,000

$300,000


Projected Annual Cash Flow

$0$200,000$400,000$600,000

$800,000$1,000,000$1,200,000



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Break Even Calculation

Seven SeasSeven Seas achieves break even with about $118,000 in monthly revenues. This is shownin the following graph.

Summary of Investor Return and Risk

Seven SeasSeven Seas is requesting a $500,000 equity investment to execute this business plan.These funds are sufficient to allow the Company to achieve its business goals and theyprovide a satisfactory cash safety cushion for the Company.

The investor will share in the increased valuation of the Company as revenues grow, the

balance sheet becomes stronger, and the Company attains a market leadership position.

The pro forma projections indicate that the business will have sufficient excess cash tocover operations should sales not materialize as quickly as planned.

In conjunction with investors, Seven SeasSeven Seas management will pursue viable exit strategiesonce the Company reaches a critical mass. Management believes that it can attain anattractive outcome for all shareholders.

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Monthly Break Even Analysis

($20,000)

($10,000)

$0

$10,000

$20,000

$30,000

$0 $50 $100 $150 $200 $250

(Thousands)Revenues

NetIncome


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REFERENCES

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1 2007 A Research Report on the Lucrative Cosmetics Industry, (Business Wire,All Business News, August 15, 2007) Article Found at:

2 2007 Global Natural Cosmetic Sales Approaching U.S. $7 Billion, (OrganicMonitor, September 17, 2007) Article Found at:

3 2005 Sponging off the Natural North, (By Steve Davidson, Ecos Research,July 2005) Article Found at:

4 2007 Herding Sponges, (By Winsome Denyer, ABC Article, September 28,2007) Article Found at:

5 2007 28th Biennial Western Coatings Societies Symposium and Show, (By

Kerry Pianoforte, Associate Editor Coatings World, December 28, 2007)Article Found at:

6 2007 Retailers Competing for Market Share: 2006 Retail Sales in Review, (ByAbdulelah Mohammed, Retail Industry News, July 25, 2007)Article Found at:
http://www.organicmonitor.com/r1709.htmhttp://www.organicmonitor.com/r1709.htmhttp://www.abc.net.au/northqld/stories/s2046438.htmhttp://www.coatingsworld.com/articles/2007/12/28th-biennial-western-coatings-societies-symposium.phphttp://www.coatingsworld.com/articles/2007/12/28th-biennial-western-coatings-societies-symposium.phphttp://retailindustry.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=retailindustry&cdn=money&tm=28&gps=78_783_869_567&f=10&su=p554.2.150.ip_&tt=11&bt=1&bts=0&zu=http%3A//strategis.ic.gc.ca/epic/internet/inretra-comde.nsf/en/Homehttp://retailindustry.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=retailindustry&cdn=money&tm=28&gps=78_783_869_567&f=10&su=p554.2.150.ip_&tt=11&bt=1&bts=0&zu=http%3A//strategis.ic.gc.ca/epic/internet/inretra-comde.nsf/en/Homehttp://retailindustry.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=retailindustry&cdn=money&tm=28&gps=78_783_869_567&f=10&su=p554.2.150.ip_&tt=11&bt=1&bts=0&zu=http%3A//strategis.ic.gc.ca/epic/internet/inretra-comde.nsf/en/Homehttp://retailindustry.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=retailindustry&cdn=money&tm=28&gps=78_783_869_567&f=10&su=p554.2.150.ip_&tt=11&bt=1&bts=0&zu=http%3A//strategis.ic.gc.ca/epic/internet/inretra-comde.nsf/en/Homehttp://www.organicmonitor.com/r1709.htmhttp://www.organicmonitor.com/r1709.htmhttp://www.abc.net.au/northqld/stories/s2046438.htmhttp://www.coatingsworld.com/articles/2007/12/28th-biennial-western-coatings-societies-symposium.phphttp://www.coatingsworld.com/articles/2007/12/28th-biennial-western-coatings-societies-symposium.phphttp://retailindustry.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=retailindustry&cdn=money&tm=28&gps=78_783_869_567&f=10&su=p554.2.150.ip_&tt=11&bt=1&bts=0&zu=http%3A//strategis.ic.gc.ca/epic/internet/inretra-comde.nsf/en/Homehttp://retailindustry.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=retailindustry&cdn=money&tm=28&gps=78_783_869_567&f=10&su=p554.2.150.ip_&tt=11&bt=1&bts=0&zu=http%3A//strategis.ic.gc.ca/epic/internet/inretra-comde.nsf/en/Homehttp://retailindustry.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=retailindustry&cdn=money&tm=28&gps=78_783_869_567&f=10&su=p554.2.150.ip_&tt=11&bt=1&bts=0&zu=http%3A//strategis.ic.gc.ca/epic/internet/inretra-comde.nsf/en/Home


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Seven Seas

APPENDICES

12 Month Projected P & L

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Seven Seas

12 Month Projected Balance Sheet

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Seven Seas

12 Month Projected Cash Flow

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Seven Seas

5 Year Projected P & L

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Seven Seas

5 Year Projected Balance Sheet

Page 29

APPENDICES5- Year Balance Sheet


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Seven Seas

5 Year Projected Cash Flow

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Seven Seas

List of Customers

Amex CanadaAmussen, LauraAromas NaturalesAxel KraftBath House Co in UKBaudelaireBean tockBennett ToolsBF KoreaBob LansdowneB & R Janitorial Supplies

Bubbles N BathCameleon Beauty ProductsCantradeColbaConglomCurrysCWC SupplyDareeDecorators PlusDesign DirectionsDhow Co., Ltd.

Dynatmic PaintsEchohomeEclipse Beauty

Eureka SoapsFacesFonora TextilesForever NewGreat Lakes DesignHerbulariuousICI PaintsICI ParisImage ImpactJulie HeumanL Art Au Quotidien

LewiscraftLothantiqueMartin and AssociatesMulti CraftMystical TreasuresNatures OwnO Canada Soap WorksPort Royal GiftsPrestige Signature SalesRetail ImportsRody Marketing

SMS DistributionSun Glo

business plan of seven seas

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