FW: Follow-Up: Jexperts Financial Statements

[Ang, Lilibeth O.]

Hi Everyone,

 

I will be having the financials discussion with Sergio on Wednesday at 6am. Jason and Tom, since you're both backup for financials, let me know if you will be able to make it.

 

We will be using skype.

 

Thanks.

 

Lilibeth

 

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From: Sergio Viola [vi...@jexperts.com.br]
Sent: Friday, August 16, 2013 7:19 AM
To: Ang, Lilibeth O.
Cc: ha...@jexperts.com.br
Subject: Re: Follow-Up: Jexperts Financial Statements

Hi Lilibeth, sorry for the delay in responding.

Can we talk next Wednesday? Before that I can send the financial information of JExperts and development in recent years (until tusday I will send the information).

My skype contact is: ssviola2005

Regards,

Sergio Viola, PMP

JExperts Tecnologia

www.jexperts.com.br

Tel: 55 48 3025-7547

Cel: 55 48 9960-2995

2013/8/16 Ang, Lilibeth O. <lilibeth...@anderson.ucla.edu>

Hi Sergio,

I just wanted to check with you about the below financial statement request. Hans had mentioned that you wanted to go over it with me so I can more easily understand how you report financials. 

I would like to schedule this discussion next week. Due to my work constraints, the best time for me would be 6am US time, which would be 10am Brazilian time. I am available any day of the following week that is convenient for you.

Thank you very much.

Lilibeth

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From: Ang, Lilibeth O.
Sent: Sunday, August 11, 2013 8:03 PM
To: ha...@jexperts.com.br
Subject: Jexperts Financial Statements

Hi Hans,

I wanted to follow up on the financial statements. Specifically we would need balance sheet, P&L statements, and statement of cash flows, preferably monthly for the past 5 years. From our previous conversation, you had mentioned that Sergio Viola would go over it with me. I wasn't sure if you were going to be the one to follow up with him or if I needed to email him directly.

Regarding the call to discuss the statements, if it would be possible, I would like to do the call at 6am US time. I am flexible as to whichever day of the week works for you and Sergio. 

Thank you.

Lilibeth

--
Sergio Viola, PMP

 

JExperts Tecnologia

www.jexperts.com.br
Tel: 48 3025-7547
Cel: 48 9960-2995

[Ang, Lilibeth O.]

Here's our portuguese financials.

 

Lilibeth

 

 

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From: Sergio Viola [vi...@jexperts.com.br]
Sent: Friday, August 16, 2013 8:37 AM

To: Ang, Lilibeth O.
Cc: ha...@jexperts.com.br
Subject: Re: Follow-Up: Jexperts Financial Statements

Hi Lilibeth, please see attached  finacials (2009, 2010, 2011 and 2012). I have some sheets with more details considering cash flow to send to you until next tuesday.

Regards,

Sergio Viola, PMP

  

2013/8/16 Ang, Lilibeth O. <lilibeth...@anderson.ucla.edu>

Hi Sergio,

 

Yes, next Wednesday 6am US time (10 am Brazil time) is good. It would very helpful if I get a copy of the financials beforehand so I can review briefly and prepare some questions for you.

 

I will contact you in skype.

 

Thank you.

[Chang, Frank W.]

Great thanks.

Are they planning on coming out with English version at all?

I thought that is what we have been waiting for.

Frank W. Chang

UCLA Anderson - FEMBA Class of 2014 Candidate

Direct: 626-377-7585

LinkedIn: http://lnkd.in/iiQKge

frank.chang.2014@anderson.ucla.edu

 

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From: ga...@googlegroups.com [ga...@googlegroups.com] on behalf of Ang, Lilibeth O. [lilibeth...@anderson.ucla.edu]
Sent: Friday, August 16, 2013 8:51 AM
To: ga...@googlegroups.com
Subject: FW: Follow-Up: Jexperts Financial Statements

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[Ang, Lilibeth O.]

I don't think they are gonna come out with English. I will just search them up in the portuguese dictionary in google. It's only 1 pagers anyway. It's not very good financials.

 

I'll talk to them about it on Wednesday.

 

 

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From: Chang, Frank W.
Sent: Friday, August 16, 2013 8:53 AM
To: Ang, Lilibeth O.; ga...@googlegroups.com
Subject: RE: Follow-Up: Jexperts Financial Statements

[Chang, Frank W.]

At least we have something to show Sussman.

Do you think we should show him the financials to get his feedback?

Frank W. Chang

UCLA Anderson - FEMBA Class of 2014 Candidate

Direct: 626-377-7585

LinkedIn: http://lnkd.in/iiQKge

frank.chang.2014@anderson.ucla.edu

 

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From: Ang, Lilibeth O.
Sent: Friday, August 16, 2013 8:57 AM
To: Chang, Frank W.; ga...@googlegroups.com

[Ang, Lilibeth O.]

I will just ask Sussman what I need to calculate with the financials right now. No need to show him.

 

The numbers are the numbers. A good set of financials usually has a detailed description of what each line item means and how it is reported, Jexperts just did not do that part, which will be the whole objective of the discussion on Wednesday (i.e. explain verbally rather than writing it down).

 

Jexperts does not have 10k format financial statements like what you have probably seen in accounting class. They're just too small and they don't seem to have investors that they need to provide this to, hence, they never bothered doing it. I don't see the point of making them do extra unnecessary work. As long as I'm able to understand how they do their recording and what kind of incomes and expenses they have, that should be enough for me to calculate what I need to calculate.

 

Lilibeth

 

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From: Chang, Frank W.
Sent: Friday, August 16, 2013 9:02 AM

[Chang, Frank W.]

Cool. Thanks

Frank W. Chang

UCLA Anderson - FEMBA Class of 2014 Candidate

Direct: 626-377-7585

LinkedIn: http://lnkd.in/iiQKge

frank.chang.2014@anderson.ucla.edu

 

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From: Ang, Lilibeth O.
Sent: Friday, August 16, 2013 9:29 AM

[Ang, Lilibeth O.]

FYI. Portuguese balance sheets.

 

Lilibeth

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From: Sergio Viola [vi...@jexperts.com.br]
Sent: Monday, August 19, 2013 7:43 AM

To: Ang, Lilibeth O.
Cc: ha...@jexperts.com.br
Subject: Re: Follow-Up: Jexperts Financial Statements

Hi Lilibeyh, please see attached balance sheets.

Regards,

Sergio Viola, PMP

2013/8/19 Ang, Lilibeth O. <lilibeth...@anderson.ucla.edu>

Hi Sergio,

I noticed that you only gave me the P&L statements. We would also like to request for the balance sheet for each year, and I'm assuming you will be providing the cash flow statements by Tuesday (unless the P&L statements are prepared on cash basis and there is no separate cash flow statements).

I also noticed that the P&L statements have very broad line items (i.e. administrative expenses). Would you have a more functional breakdown of revenue and expense? For example, gross revenue for Channel separated from gross revenue for Software Factory. For expenses, amounts per major category of expense, such as employee salary, marketing expense, server costs, etc., and also identify expenses that are Channel-specific only.

For Wednesday's call, I hope to be able to get an understanding of the different kinds of expenses that are currently incurred for Channel. I am assuming that cloud storage costs and customer service form the main bulk of expenses for Channel. Part of the business plan is a projection of financial statements, therefore I would need to understand which types of expenses will be incurred for Channel's entry into the US. 

Thank you.

Lilibeth

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From: Ang, Lilibeth O.
Sent: Friday, August 16, 2013 8:52 AM
To: Sergio Viola
Cc: ha...@jexperts.com.br

Subject: RE: Follow-Up: Jexperts Financial Statements

Thanks Sergio

[Ang, Lilibeth O.]

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From: Sergio Viola [vi...@jexperts.com.br]
Sent: Tuesday, August 20, 2013 1:59 PM
To: Ang, Lilibeth O.; Hans Bukow

Subject: Re: Follow-Up: Jexperts Financial Statements

Hi Lilibeth, please see attached Channel Revenues per type from 2009 to 2013 (Jan - Jun).

Regards,

Sergio Viola, PMP

JExperts Tecnologia

www.jexperts.com.br

2013/8/20 Ang, Lilibeth O. <lilibeth...@anderson.ucla.edu>

Hi Sergio,

 

Thanks for that info. Would you have the same information for the prior years as well (starting from 2009)? From this type of information, we would be able to derive the year over year growth which would be helpful for our projections.

 

Thanks.

 

Lilibeth

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From: Sergio Viola [vi...@jexperts.com.br]
Sent: Tuesday, August 20, 2013 11:26 AM

To: Ang, Lilibeth O.
Cc: ha...@jexperts.com.br
Subject: Re: Follow-Up: Jexperts Financial Statements

Hi Lilibeth,

Please see attached JExperts revenues per type.

[Ang, Lilibeth O.]

[Chang, Frank W.]

Lilibeth,

Is it missing a digit somewhere?

Otherwise it seems like their revenue is too low?

I remember Viola said they are looking at $3.2M this year...but this does not look like it...

Especially when it is in Brazilian Real.

Frank W. Chang

UCLA Anderson - FEMBA Class of 2014 Candidate

Direct: 626-377-7585

LinkedIn: http://lnkd.in/iiQKge

frank.chang.2014@anderson.ucla.edu

 

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From: Ang, Lilibeth O.
Sent: Tuesday, November 26, 2013 1:21 PM
To: Chang, Frank W.
Cc: ga...@googlegroups.com

Subject: FW: Follow-Up: Jexperts Financial Statements

[Ang, Lilibeth O.]

Hi Frank,

This is 7-months revenue (Jan-July 2013) only, and they mentioned before that they usually get more revenue during the 4th quarter compared to earlier quarters which is probably they said they're looking at $3.2M. 

Viola might also be exaggerating. Until the year closes, we won't know for sure if they'll get that $3.2M. 

Lilibeth

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From: Chang, Frank W.
Sent: Wednesday, November 27, 2013 9:36 AM
To: Ang, Lilibeth O.
Cc: ga...@googlegroups.com

[Chang, Frank W.]

Ah, I see. Thanks.

Frank W. Chang

UCLA Anderson - FEMBA Class of 2014 Candidate

Direct: 626-377-7585

LinkedIn: http://lnkd.in/iiQKge

frank.chang.2014@anderson.ucla.edu

 

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From: Ang, Lilibeth O.
Sent: Wednesday, November 27, 2013 10:29 AM

To: Chang, Frank W.
Cc: ga...@googlegroups.com