Aurora Textile

QUESTION 1

What is your assessment of the financial performance of Horniman Horticulture.

Generally the revenue grew steadily from FY 2002 to 2005 at an average of 8.3% (refer to table 1 for the calculation) this was derived from the Exhibit 1 from the Projected Horniman Horticulture Financial Summary. Indeed it is an impressive growth for Horniman Horticulture, against the Benchmark across the horticulture producers which is at negative (-1.8%). The performance indicating that the company is able to on upward trend and this probably contributed by Bob Brown characteristic “people person” – likeable by both internal & external stakeholders thus, this enable Horniman Holticulture to be on right track for success in the coming years.

|Table 1 | | |

|Average |  |8.3% |

Horniman Horticulture beat the growth index (benchmark index) which is at 2.8% but grew positively from 2% in 2002 to 5.8% in 2005. Below Profitability Measurement (growth) calculation as below

|Table 2 |  |2002 |2003 |2004 |2005 |

|Profitability |Net Income |

|Measurement |Sales |

|Loan Amount |75000 | | |

|Interest rate |6.50% | | |

|Loan Period |20 years |(240 months) |

|Total Loan + % | 172,500 | | |

|Repayment | | | |

| |719 | | |

| | | | |...