Case Analysis Prison Supplies Inc - 1151 Words

Executive Summary Objective †¢ To conduct preliminary due diligence on UniCal Prison Supplies, Inc to determine if the providing debt financing to the company has meaningful profit potential. Background †¢ UniCal Prison Supplies Inc. is a 25-year-old wholesale distribution company that specializes in business-to-government (B2G) procurement services. †¢ The company is experiencing cash flow problems and has not achieved profitability for the past five years. Management is seeking a $2 Million private long-term loan. †¢ The company has a history of successfully winning lucrative government contracts. Industry Summary †¢ U.S. federal government buys nearly $100 billion worth of goods and services from small businesses each year. †¢ UniCal has gone through the validation process and is an approved vendor with several government agencies across the nation. Financial Summary †¢ Ineffective oversight of the company’s financial management and internal controls made it difficult to determine adequate cash flow to service debt. †¢ The current profit margin is unsustainable and is well below the break-even point. †¢ The company has utilized 95% of its $1.5 million credit line with Lloyds Bank. †¢ Lloyds Bank has a blanket lien on all company assets, including the personal assets of the company’s owner. Risk Summary †¢ Stronger competitors in the industry will dominate and dilute the UniCal’s market share. †¢ Due to negative cash flow, the company has a history of reliability problems,Show MoreRelatedThe Growing Prison Industrial Complex1700 Words   |  7 Pages The growing Prison Industrial Complex is an intricate web of profit-maximizing business endeavors at the expense of the livelihood of people of color in the continental United States and abroad. 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