Page 29: of Marine News Magazine (March 2012)

www.marinelink.com MN29build, describe the project and who will build it. If a start-up, compile a capital equipment supply list.If you are already in business, you will have a strong basis for building your financial proformas. If not, the quality and sources of your data will become critical. Do not rely on your instincts; this is where facts (although projected into the future) are para- mount.Your proforma financials should be extended a minimum of three years, detailed month by month, quarter by quarter. Your input data should reflect neither the best nor worst case scenario, but emerge from that area in between . . . reality. Your numbers must prove your project?s viability without requiring an unreal- istic set of market conditions for them to work. Personally, I like to see you prove your feasibility by using worst case numbers, rather than pie-in-the-sky, feel -good ones. Prepare your real-world income, cash flow analyses, balance sheets, profit and loss statements and breakeven analysis. State the sources and bases for your assumptions. Cite specific studies, articles or personal experiences that document your num- bers.Break out any special issues that bolster your case. If, for example, you have negotiated a strong, hell or high- water charter with a financially sound charterer, make special mention of the terms and conditions and how they benefit you financially. SUPPORTING DOCUMENTS :If you make the first cut with an THE BEST SOLUTIONS FOR SURFACE PREPARATION AT SEA.
BERGEN NORWAY
SINGAPORE
ANTWERP BELGIUM
HOUSTON USASURFACE PREPARATION MADE SIMPLE www.rustibus.com ? [email protected] 1-832-203-7170MN#3 (18-31):MN 2011 Layouts 3/2/2012 9:51 AM Page 29