Project: Digital Processing Machine
Approved
Project Manager: Jim
Brown
Approved Amount: $734, 768
The DIGITAL PROCESSING MACHINE is a high-end design and
with a reputation for integrity, quality craftsmanship, and excellence in management.
In three years annual sales have increased to be well over a million dollars.
DIGITAL PROCESSING MACHINE planning bagan December 1997. In 1998 a combination of activities involving residential design, consulting, and general construction brought Gross Sales of $250,000.
Justification
The Company experienced steady growth since its inception, and incorporated in March 1999, (see Appendix 6, Articles of Incorporation). In 1999 Gross Sales of $750,000 were achieved. In 2000, signed contracts show that Gross Sales are expected to be $1,300,000 (see Appendix 2, current Backlog).
The Company has its address in leased premises at
DIGITAL PROCESSING MACHINE is involved in four distinct activities:
1. Architectural Design
2. Residential & Light Commercial Construction
3.
Property Services
4.
Retail Floor Coverings (see Appendix 4).
Eighty to ninety percent of the Gross Sales are in design
and construction. At the moment (May 2000), there are 25 permanent employees on
the payroll and 10 subcontracted workers excluding subcontracting companies (see
Appendix 1 for resumes).
The company's Short Term Objectives (within the next three
years) are to increase activity in all Divisions, and to achieve annual profit,
net after taxes, of $200,000 by 2005. Its Long term objectives are: to maintain
the level of current business achieved up to 2005, and then to move