Replies to post #5550 on Deep Green Waste and Recycling Inc (DGWR)

[Kwi]

EVDR - From their website.

ASCC

ASCC is one of the major developers of India, with strong ties to Provincial and Central Government of India (NHAI- National Highway Authority of India) and World Bank funded projects. ASCC owns a total of three different companies which run into various fields, namely roads and highways, real estate and leasing/financing. The three companies offer combined revenues in the range of $7 million USD. ASCC's reputation is based on strong customer orientation, technological sophistication and an impressive record of achievement.

[hawkeye612]

I am going to go out on a limb, based on their total sales, and my experience with selling a company. In 2000 I sold a manufacturing company with 15 plus million per year in annual sales. We were manufacturing metal roofing and siding for the construction industry. Now I know that this has nothing to do with EVDR, but bear with me. The company that I sold had a gross net profit of around 7 percent, included in the sale was buildings, manufacturing equipment, vehicles, inventory, and the intangible goodwill. Which I imagine is about the same things that ASCC has in their bin for sale. Our company sold to a publicly traded company for just under 7 million dollars, cash sale. Now I would say from my experience that most construction companys run about a 30 percent gross net before taxes... at least the ones I am familiar with. So if our sale was worth nearly 7 million at a 7 percent gross net, (nearly 7 times annual gross net) EVDR's company should be worth at least that much and that would only be 3 times annual gross net. Of course I know these arent the same business and we might have had more manufacturing equipment, but at the same time I am sure they would have much more equipment and similar buildings, warehouses, etc. So my guess would be roughly 7-8 million dollars, due to the fact that we would have had much more in inventory than what a construction company would have in theirs.

[hawkeye612]

Also the norm when buying out a company is to have a certified audit done, with ours the purchaser gave us roughly 70 percent cash down when the contract was signed. (Bank wire) The balance was paid after 45 days, this is the norm I would think as most companys want to study your accounts payable and make certain that they are what you say they are.

If EVDR is coming out and saying it is a done deal this is the stage I would imagine that they are in. They have recieved the down payment, contract signed and accounts payable are just waiting to be verified. I dont think they would post a sale number until this process has been completed.