Coffee Bean Plant/Exporter (Company Summary)
Company Summary
Silvera & Sons buys and prepares raw coffee in parchment (pergamino), or coffee in its post-harvest stage. The finished product, green Arabica coffee beans, are packaged in 60kg sacks and sold on the U.S. and Brazilian market. Our customers are primarily American importers and Brazilian wholesalers who provide high-quality beans to the specialty roasting market.
Company Ownership
Silvera & Sons Ltda. is a private, family owned preparer and exporter of Brazilian-grown, green Arabica coffee beans. It is owned and operated by Marco Silvera Sr. and his sons, Marco Silvera Jr. and Antonio Silvera.
Silvera & Sons is in its sixth year of operation. The current plant has been in operation for 15 years and for 12 of those years was managed by Marco Silvera Sr. who was then an employee of the former owner, Cafe Fina. Since the plant was purchased, Silvera & Sons has maintained maximum production and sales. It is currently operating at maximum capacity.
Company History
| 1996 | 1997 | 1998 | |
| Sales | $16,262,532 | $17,304,066 | $18,345,600 |
| Gross Margin | $2,439,380 | $2,630,218 | $2,814,215 |
| Gross % (calculated) | 15.00% | 15.20% | 15.34% |
| Operating Expenses | $12,196,899 | $12,631,968 | $13,346,424 |
| Collection period (days) | 60 | 60 | 60 |
| Inventory turnover | 12 | 12 | 12 |
| Balance Sheet Short-term Assets | |||
| Cash | $0 | $0 | $994,260 |
| Accounts receivable | $0 | $0 | $137,250 |
| Inventory | $0 | $0 | $355,200 |
| Other Short-term Assets | $0 | $0 | $243,936 |
| Total Short-term Assets | $0 | $0 | $1,730,646 |
| Long-term Assets | |||
| Capital Assets | $0 | $0 | $521,650 |
| Accumulated Depreciation | $0 | $0 | $100,000 |
| Total Long-term Assets | $0 | $0 | $421,650 |
| Total Assets | $0 | $0 | $2,152,296 |
| Capital and Liabilities | |||
| Accounts Payable | $0 | $0 | $8,435 |
| Short-term Notes | $0 | $0 | $58,000 |
| Other Short-term Liabilities | $0 | $0 | $0 |
| Subtotal Short-term Liabilities | $0 | $0 | $66,435 |
| Long-term Liabilities | $0 | $0 | $402,000 |
| Total Liabilities | $0 | $0 | $468,435 |
| Paid in Capital | $0 | $0 | $525,000 |
| Retained Earnings | $0 | $0 | $223,235 |
| Earnings | $0 | $0 | $935,626 |
| Total Capital | $0 | $0 | $1,683,861 |
| Total Capital and Liabilities | $0 | $0 | $2,152,296 |
| Other Inputs | |||
| Payment days | 0 | 0 | 60 |
| Sales on credit | $0 | $0 | $6,054,048 |
| Receivables turnover | 0.00 | 0.00 | 44.11 |
Company Locations and Facilities
The Silvera & Son's main warehouse and office is located in Ouro Fino. The warehouse has the capacity to prepare approximately 6,000 60kg bags of exportable coffee beans. The proposed new warehouse and preparation facility site is also located in Ouro Fino. The new facility will be 3,500m2 and will have 30 selecting machines with capacity to prepare 40,000 bags for exportation and 80,000 bags for storage. The proposed facility will also handle shipping.
Strategy and Implementation Summary
