Financial Information.
AJM most recent audited annual Financial Statement dated October 31, 2002 show Assets of CDN$3,032,201.00 (compared to CDN$2,523,692.00 for the previous annual period), Revenues of CDN$2,247,205.00 (compared to CDN$1,908,571.00 for the previous annual period) and Net profit of CDN$27,001.00 (compared to a loss of CDN$(122, 357.00) for the previous annual period).
AJM 9 months non-audited financial statement dated July 31, 2003 show Assets of CDN$3,141,741.00, Revenues of CDN$2,232,250.00 and Net profit of CDN$ 63,260.00.
Subject to availing capital and line of credits to enable it to execute its business plan, AJM would be able to expand its business underwriting ability and bring its fleet to approximately 1400 cars by October 31, 2004, 2950 by the end of October 2005 and 4600 cars by the end of October 2006. It is estimated that the 3rd fiscal year will post annual Revenues of over US$11,900,000.00, Operating Income before Amortization and Interest payments of US$9,372,838.00 and Net Income before Income tax factor of over US$2,950,000.00.
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