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PORTFOLIO COMPANY REVIEWS CASE STUDIES
| Client: |
Senior Lender |
| Company: |
Kitchen & Bath Textile Products Manufacturer and Distributor |
| Revenue: |
$70,000,000 |
| Loan Size: |
$11,000,000 |
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- Uncovered "pre-billings" of $1,400,000.
- Identified $3,300,000 of ineligible inventory on the borrowing base certificate.
- Detailed a $1,900,000 understatement in accounts receivable reserve.
- Determined incorrect recording, resulting in cash shortfall of over $1,000,000.
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| Client: |
Senior Lender |
| Company: |
Commercial Printing and Graphic Services |
| Revenue: |
$30,000,000 |
| Loan Size: |
$15,000,000 Term Loan
$3,000,000 Revolver |
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- Evaluated borrowing base reports, monitored over-advance use, and identified ineligibles in borrowing base certificates totaling $1,800,000.
- Implemented a 13-week cash flow forecasting system maintained by management and monitored by B&A.
- Analyzed and recommended various methods to improve the Company's cash flow.
- Assisted management in establishing appropriate internal controls for billing, production and shipping activities.
- Stabilized information flow and established integrity of data going to the Lender.
- Reinforced and monitored implementation.
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| Client: |
Senior Lender
Mezzanine Lender |
| Company: |
Meat & Poultry Processor & Distributor |
| Revenue: |
$65,000,000 |
| Loan Size: |
$20,000,000 |
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- Discovered and identified management personnel responsible for fraudulent reporting in the borrowing base certificate.
- Created and implemented daily cash management reporting system.
- Prepared and integrated (i.e., balance sheet, cash flow and P&L) monthly budgeting system and procedures.
- Established 13-week cash forecasting system and methodology to compare with budgeting system.
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| Client: |
Mezzanine Lender |
| Company: |
Natural Foods Producer & Distributor |
| Revenue: |
$40,000,000 |
| Loan Size: |
$8,000,000 |
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- Created 13-week cash forecasting system to be used and maintained by management.
- Assisted management with evaluating viability and ability to service debt.
- Evaluated benefits of integrating the Company's three divisions into one computer system.
- Analyzed the commission policy and structure, and recommended improvements for the Company's independent sales brokers.
- Reviewed accounts receivable and accounts payable for trends, potential cash sources, and savings.
- Identified various methods to improve cash flow.
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