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PORTFOLIO COMPANY REVIEWS
Timely information is mandatory for capital providers to ensure their loans and equity investments remain sound. Brandlin & Associates' Portfolio Company Reviews help debt and equity participants monitor individual companies and entire portfolios. We test the key drivers of cash flow, collateral value, compliance and investment requirements. Our clients depend on us to uncover the facts behind the financial statements and related reports.
B&A's thorough analysis includes:
- Actual performance vs. budgeted performance
- Validity of operating assumptions and financial projections
- Business trends
- Reporting compliance
- Internal Controls
- EBITDA calculations and adjustments
- Collateral eligibility and quality
- Dilution of collateral
- Advance rates against collateral value
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$20MM in Loans to $65MM Food Processor/Distributor
Discovered and identified fraudulent reporting by management. Created and implemented cash management reporting system and budgeting and forecasting systems and procedures.
$11MM Senior Loan to $70MM Manufacturer/Distributor
Uncovered pre-billings of $1.4MM, ineligible inventory of $3.3MM and $1.9MM understatement in A/R reserve.
$25MM Loan to $200MM Container Manufacturer
Identified $400,000 understatement in accounts receivable and inconsistencies in GAAP reporting between company and foreign parent. Commented on "Big 4" due diligence and identified material discrepancies in their EBITDA roll-forward computation.
» More Case Studies
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