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Plan Outline
Surgical Medical Equipment Business Plan
Bioring SA
Company Summary
Bioring SA Company develops and manufactures cardiac biodegradable annuloplasty devices designed to restore a normal heart function. Its customers are cardiac surgery clinics who want prostheses that accomplish useful tasks with as little expenditure of time and money as possible. The company was incorporated in Switzerland in 2000, after three years of previous developments.
2.1 Company Ownership
Bioring SA is a privately-owned Swiss operation. Raymond Andrieu, Bioring's founder, is the majority owner. Several members of the board of directors also hold minority stock positions. The initial £642,500 share capital is increased by another £100,000 in April 2000.
2.2 Start-up Summary
Our start-up expenses come to £258,500, which are mostly equipment, legal costs, patent costs and expenses associated with opening our first office and manufacturing facilities. Another £384,000 is required in start-up assets. The start-up costs are to be financed by direct owners' investment. The assumptions are shown in the following table and chart.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | £43,000 |
| Stationery etc. | £3,000 |
| Brochures | £0 |
| Consultants | £10,000 |
| Insurance | £20,000 |
| Rent | £25,000 |
| Research and development | £95,000 |
| Other | £62,500 |
| Total Start-up Expenses | £258,500 |
| Start-up Assets | |
| Cash Required | £29,000 |
| Start-up Inventory | £75,000 |
| Other Current Assets | £0 |
| Long-term Assets | £280,000 |
| Total Assets | £384,000 |
| Total Requirements | £642,500 |
| Start-up Funding | |
| Start-up Expenses to Fund | £258,500 |
| Start-up Assets to Fund | £384,000 |
| Total Funding Required | £642,500 |
| Assets | |
| Non-cash Assets from Start-up | £355,000 |
| Cash Requirements from Start-up | £29,000 |
| Additional Cash Raised | £0 |
| Cash Balance on Starting Date | £29,000 |
| Total Assets | £384,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | £0 |
| Long-term Liabilities | £0 |
| Accounts Payable (Outstanding Bills) | £0 |
| Other Current Liabilities (interest-free) | £0 |
| Total Liabilities | £0 |
| Capital | |
| Planned Investment | |
| Investor 1 | £110,000 |
| Investor 2 | £110,000 |
| Investor 3 | £110,000 |
| Investor 4 | £93,750 |
| Investor 5 | £93,750 |
| Investor 6 | £62,500 |
| Investor 7 | £62,500 |
| Other | £0 |
| Additional Investment Requirement | £0 |
| Total Planned Investment | £642,500 |
| Loss at Start-up (Start-up Expenses) | (£258,500) |
| Total Capital | £384,000 |
| Total Capital and Liabilities | £384,000 |
| Total Funding | £642,500 |
2.3 Company Locations and Facilities
Headquarters are located in an office of approximately 4,000 square feet at Chemin d'Etraz 2, CH-1027 Lonay, Switzerland.
The present office space is small. As we add employees, we will have to take on additional space. We expect space to be available in our present building. The office space will have assembly space on site and be equipped to handle shipping.