​HYDE VALUATIONS, INC

1. INTRODUCTION

 

  1.1 Subject of the Appraisal

  1.2 Purpose & Function of the Appraisal

  1.3 Date of the Valuation

  1.4 Principal Sources of Information

  1.5 Assumptions and Limiting Conditions

 

2. ECONOMIC AND INDUSTRY CONDITIONS

 

  2.1 Economic Analysis

 

  2.1.1 Overview of the National Economy

  2.1.2 Overview of the State Economy

  2.1.3 Overview of the Local Economy

  2.1.4 Economic Outlook

  2.1.5 How the Economy Affects the Value

 

  2.2 Industry Analysis

 

  2.2.1 Nature and Character of the Industry

  2.2.2 Potential for Growth

 

3. ANALYSIS OF THE SUBJECT COMPANY

 

  3.1 Form of Organization

  3.2 History of the Company

  3.3 Prior Transactions of the Subject Interest

  3.4 Management and Staffing

  3.5 Products/Services of the Business

  3.6 Sales and Marketing Activities

  3.7 Customer Base

  3.8 Competition

  3.9 Location and Physical Plant

  3.10 Future Prospects for the Subject

 

4. FINANCIAL ANALYSIS OF THE SUBJECT

 

  4.1 Financial Statements Reviewed

  4.2 Revenue and Earnings History

  4.3 Financial Statement Analysis

  4.4 Balance Sheet Analysis

  4.5 Income Statement Analysis

  4.6 Statement of Cash Flows

  4.7 Summary, Conclusions and Implications for Value

  4.8 Adjustments to Financial Statement

  4.9 Financial Forecast