Archive for the ‘Financial Reporting info’ Category
The Office of Foreign Assets Control (OFAC) of Treasury Department announced the listing of new companies and socials authorized to operate business with Cuba, most of them based in the Miami area.
OFAC regularly updates the list of companies allowed to trade with Cuba. The report is dated November 22.
Last October, the Treasury Department had allowed the opening of nine other agencies on travel to Cuba and the expansion of five branches.
The increase in transactions related to Cuba is a constant in the final months of the year, a stage that is associated with family visits and remittances to the island packages.
Some 20 flights per week departing from Miami International Airport bound for Havana, Cienfuegos, Damage, Santiago de Cuba and Hodgkin.
Higher expectations of business travel to Cuba this year were coded in easing the embargo and the granting of licenses to new aeropuestos for charter flights to the island.
On Thursday, the main promoters of the bill HR4645, which would favor the tours and agricultural sales to Cuba, admitted that the initiative is virtually void and will not be discussed this year in Congress.
“There is no action,” acknowledged Rep. William Delahunt, a champion of HR4645 and senior figure in the Foreign Affairs Committee of the House.
Delahunt said there is little reason for the project to be considered at this time of partisan polarization in Congress.
In addition, for 2011 the situation seems much more averse to taking it forward, when the Cuban-American lawmaker Ileana Ros-Lehtinen stand before the Committee on Foreign Affairs.
Flexibilizing measures but also by the White House seem stagnant; flights to Cuba are continuing increasing.
The number of people who made family travel to Cuba is estimated at 270 thousand. Other estimates say that more enthusiasts can reach 300 thousand.
However, the journalist and businessperson Pedro Gonzalez Mane, director of the firm Cuba Promotions, believes that the increase in agencies and branches is a contradiction.
1. Displays the administrative structure with a simple chart: Point out the flaws in the management team and details the plans to recruit those positions. Resume wages, benefits and stock option plans.
2. List the board and other committees: Specifies the length of the board in the intervention in key decisions.
3. Indicates sites and facilities and explains the key administrative functions.
4. Marketing plan outlines in detail: Delivery estimate the market potential, competitive analysis and marketing strategies proposed. Please be specific about the expected accomplishments, avoiding any vague promise of return.
5. List of operational action plans, details the major milestones and a timetable for achieving them. Describe contingency plans in case conditions change quickly.
6. Financial Reporting: Shows how much money is needed at each stage of the business. Describes how to use the funds as well as your business pay the loans. Includes an income statement, cash flow, balance sheet and rate analysis. Projected rates compared with industry standards and explain the most important lead. Use visual tools such as graphs and flowcharts to clarify the information in this section.
7. Describe your product or service because it is better or more advanced than existing ones. What do you have to offer that your competitors do not have? Explains the status of product development, being careful not to use too much technical jargon if you are presenting the plan to potential investors.
8. Specifies the manufacturing data, including the location of plants, equipment requirements, and the size of the workforce and supply sources, if applicable.
9. Reports on methods of recruitment, training and retaining employees: Put more emphasis on this if your business is related to services.