Govan's Supplies

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Govan’s catering supplies Frist Financial management team assignment EMBA15- Section A, team A7 4th of Oktober, 2014 Table of content Executive summary 2 Problem (Issue) statement 3 Data analysis 4 Key Decision Criteria 4 Alternatives analysis 4 Recommendations 4 Action and Implementation Plan 4 Exhibits 4 Executive summary Problem (Issue) statement The Govan’s Catering Supplies has experienced a rapid growth in the recent years. For the year 2012 Govan Moodley is anticipating for a substantial growth of his business. Despite the good operational profit the company had to increase the loan from the Capitec bank to R1.73m at the start of 2012. The maximum loan the Capitec bank is willing to provide is R1.75m. To stay within the limits, Govan Moodley has to rely heavily on trade credit. In his search for larger loan possibility, Govan Moodley received a Loan proposal of the Investec bank with a maximum of R3.25m. In that respect are various matters to conceive in the advice to Govan Moodley: Option 1: Business as usual: First of all is the question at hand, if Mr. Moodley should progress his business as usual and therefore anticipate for a growth of sales for which he has to extend his loan. In this the actual interest rate of the Capitec bank is 14%. When it’s decided to step over to the Investec bank the interest rate will become 16,5% of the total amount of the loan. In this alternative the related grow with the operational cost should also be considered like the growth in employees and warehousing (?) Other options: Beside the extra loan to finance the business, other alternatives related to more cash efficient possibilities should be investigated. The possibility of reducing the inventory should be investigated. In this it has to be considered what the reduction in the

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