11. Products Portfolio
In R&D: Breakfast
Cereals, Pasta & Noodles
with a plant-based
Protein content of 25%
and Carbs of less than
3% to disrupt the current
unhealthy cereals,
pasta/noodles having
more than 60% of carbs
and only 7% of Protein
23. Cashflow Statement
2021 2022 2023 2024 2025
Cash At the End of the Period 2,109,166 5,720,286 11,713,216 17,012,611 25,021,703
Cash at the Start of the Period - 2,109,166 5,720,286 11,713,216 17,012,611
-
2,109,166
5,720,286
11,713,216
17,012,611
2,109,166
5,720,286
11,713,216
17,012,611
25,021,703
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
CASH AT THE START AND END OF THE PERIOD
24. Balance Sheet
2021 2022 2023 2024 2025
Total Equity 2,760,896 7,154,984 13,295,317 18,805,016 27,118,764
Total Liabilities 57,270 674,301 1,610,649 3,025,970 5,159,752
Total Assets 2,818,166 7,829,286 14,905,966 21,830,986 32,278,516
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
Equity, Assets and Liabilities
Total Assets Total Liabilities Total Equity
25. Business Ratios
VEGABYTZ
Business Ratios
Ratio Analysis 2022 2023 2024 2025 Avg. (2-5 years)
Return on Equity 22.51% 24.39% 34.99% 35.83% 29.43%
Return on Assets 29.31% 27.69% 34.27% 33.16% 31.11%
Financial Leverage 0.10 0.15 0.22 0.25 0.18
Return on Assets
Return on Sales 12.60% 17.36% 25.54% 27.16% 20.66%
Asset turnover 0.29 0.28 0.34 0.33 0.31
Profitability
Gross margin 30.35% 33.83% 43.75% 43.75% 37.92%
SG&A as % of Sales 17.75% 16.47% 18.22% 16.59% 17.26%
Operating Margin 12.60% 17.36% 25.54% 27.16% 20.66%
Interest Expense as % of Sales 0.00% 0.00% 0.00% 0.00% 0.00%
Effective Tax Rate 30.00% 30.00% 30.00% 30.00% 30.00%
Asset Turnover Ratios
Accounts Receivable Turnover 40.0 17.1 12.4 10.5 20.0
Days Turnover Ratios
Days Receivables 18.25 30.42 38.53 43.94 32.78
Liquidity Analysis
Solvency Ratio 1.97 1.37 1.27 1.05 1.41
Current Ratio 7.61 5.90 4.31 3.77 5.40
CFO-to-Current Liabilities 1.85 1.47 1.49 1.25 1.52
DuPont Analyses
Net Profit Margin 8.82% 12.15% 17.88% 19.01% 14.46%
Asset Turnover 3.32 2.28 1.92 1.74 2.32
Equity Multiplier 1.11 1.18 1.28 1.34 1.23
DuPont Return on Equity 32.65% 32.61% 43.75% 44.49% 38.38%
27. Use of Funds
$0.00
$200,000.00
$400,000.00
$600,000.00
$800,000.00
$1,000,000.00
$1,200,000.00
$1,400,000.00
Marketing Staff Hire & Misc R&D Infrastructure Margin Money Working Capital
Use of Funds - USD
The margin money is required
to deposit to procure Quinoa
and other main protein raw
material/ ingredients as these
are seasonal and we need to
pay margin money in advance
to the farmers/aggregators.
There is no major capex since
the entire manufacturing is
outsourced to a contract
manufacturer.