Casino Investment Opportunities in Barquisimeto

Independent auditor's report: Consolidated financial statements (last 3 years): The consolidated financial statements of our company and its subsidiaries (the group) for last 3 fiscal years have been audited in accordance with International Standards on Auditing (ISAs). Our examination confirms the fair presentation of the group's financial position, with revenue recognition complexities across Venezuela, Colombia, and the United States emerging as critical audit areas. The group demonstrated a 45.8% gross margin improvement by last year despite geopolitical challenges in its core Latin American markets. Key findings include robust trademark valuation growth (reaching $3,105,988 last year) and successful implementation of a multi-channel distribution strategy that increased cross-selling efficiency by 67.1% - Report on the audit of consolidated financial statements: Our opinion: We have audited the consolidated financial statements of our company and its subsidiaries, comprising: - Consolidated statements of financial position as of December 31 since last 3 years. - Consolidated statements of comprehensive income. - Consolidated cash flow statements. - Notes detailing significant accounting policies under IFRS. In our opinion, these financial statements present fairly, in all material respects: - The group's financial position across its Delaware headquarters, Venezuelan subsidiary, and Colombian operation. - Operational results reflecting its strategic shift from distributor-dependent sales to direct channel management. - Cash flows impacted by working capital fluctuations, including a 52.79% cash reduction offset by improved inventory turnover. Basis for opinion: Our audit adhered to ISAs and IESBA code requirements, incorporating: - Entity-specific risk assessment: Evaluated geopolitical exposures in Venezuela (OFAC compliance) and currency risks in Colombia. - Revenue testing: Sampled 39% of transactions across 64.18% traditional, 23.39% retail, and 8.06% e-commerce channels. - Valuation analysis: Engaged specialists to validate level 3 financial instruments tied to the $5 million debt issuance program. Key audit matters: Multi-jurisdictional revenue recognition (IFRS 15) The group's revenue streams require complex assessment due to: - Geographical diversity: 43.8% brand coverage across three regulatory regimes. - Contract variability: Franchise entrance fees (4.37% of sales) vs. government tender payments. - Cut-off procedures: Verified timing of $6.28 million in last year's sales through shipment documentation and bank confirmations. Audit response: - Tested 78 contracts representing 61% of total revenue. - Reconciled Amazon best-seller rankings (Mi Ni Care brand) with e-commerce receipts. - Confirmed HORECA channel sales through third-party attestations. Intangible asset valuation (IAS 38): Trademark portfolio growth ($2.34M to $3.11M over the last 3 years) required evaluation of: - Brand royalty rates: Compared to industry benchmarks (7-12% royalty range) - Market penetration: Analyzed 76.3% SKU coverage improvement. - Legal protections: Verified patent filings for products formulations. Audit response: - Performed impairment indicators analysis using same-store sales metrics. - Tested trademark renewal payments against USPTO records. - Assessed dilution risks from counterfeit products in Venezuelan market. - Debt instrument fair value (IFRS 13) The $5 million debt issuance necessitated: - Credit spread analysis: Compared to BB-rated Latin American consumer goods issuers. - Hedging effectiveness: Evaluated cross-currency swaps for USD/VES exposures. - Covenant compliance testing: Debt/EBITDA ratio maintenance at 3.2x. Audit response: - Modeled 5-year cash flows under 3 macroeconomic scenarios. - Validated debt pricing against Bloomberg terminal data. - Confirmed hedge accounting treatment with derivative specialists. Other Information: Management’s annual report discusses: - Post-pandemic recovery strategies yielding 17.3% sales growth (over the last 3 years) - Supply chain optimization reducing COGS by 14.6% since 3 years. - Environmental engineering initiatives: No material inconsistencies were identified between management commentary and audited financials. Governance and responsibilities: Management’s role: The executive team (CEO and COO) implemented: - Franchise expansion model: Increased activation rates by 53.7% through FED framework. - Product diversification: Launched oncology-specific line while maintaining 37.9–45.8% gross margins. - Risk mitigation: Maintained OFAC-compliant operations despite Venezuelan sanctions. Auditor’s responsibilities: Our procedures addressed: - Going concern: Analyzed liquidity buffers against $1.43M current assets (2 years ago) - Related parties: Confirmed arm’s length terms with founders' family-owned distribution networks. - Tax compliance: Reviewed transfer pricing documentation for intercompany transactions. Conclusion: Our company’s consolidated financial statements for the last 3 years represent fairly its financial recovery and strategic repositioning. The audit opinion remains unmodified despite challenges posed by: - Working capital volatility: inventory surge to $460,569.77 2 years ago. - Currency risks: VES devaluation impacts on Colombian subsidiary results. - Ownership concentration: 57.5% control by founder. The group demonstrates capacity to execute its $7–10 million valuation growth plan, supported by improved operational metrics and defensible IP portfolio.

Based in Caracas, specializing in long-life juices and teas for consumers and businesses. - Newly established in the food and beverage industry, equipped with essential industrial machinery. - Holds tax registration and is completing the final steps of legal compliance. - Daily production capacity ranges between 1,000 and 1,200 liters of juice, showing efficiency. It plans to hold contracts with local retailers for sales. - Product line includes peach, apple, and strawberry juices, catering to varied tastes. - Focuses on high-quality drinks with long shelf life, ensuring competitiveness in the market.

Business Highlights. 1. Customer Base: Average 500 to 700 clients per year, including national and international tourists. Frequent clients are interested in wellness, nature, and healthy eating. 2. Income Model: Day Trips: Therapies (massages, steam room, clay baths) and healthy vegetarian food. Weekends: Packages with lodging, therapies and full meals. Attention to Groups and Workshops: Yoga retreat, meditation and activities focused on wellness. 3. Promoter experience: Family business managed for years with a focus on quality of service and attention to detail. Extensive knowledge in hospitality and wellness, guaranteeing a unique experience for clients. 4. Business relationships: Partnerships with tour operators and local suppliers to strengthen the offer and guarantee fresh products. 5. Recognitions: High ratings and positive comments on local and visitor tourism platforms that highlight the natural environment, tranquillity, and quality of service. 6. Growth potential: Ideal spaces and infrastructure to expand activities such as themed events, specialized retreats, and ecotourism. Possibility of attracting more international tourists with promotional strategies. 7. License: registered as a sole proprietorship firm allowing for the provision of other personal service activities (code: 9609)

High-quality tattoo parlor in Surname with over 30k followers across all social media platforms. Our most viewed video has garnered over 2 million views, and our most viewed picture has achieved over 5 million views. - We currently employ 1 contract worker and are in the process of hiring 4 additional staff members. - With 4 years of experience for the promoter, we serve around 40 customers per month, including international clients from the Netherlands, Dubai, and French Guiana. - Our services range in price from USD 50 to USD 10,000. - We hold a single-person business license. - We anticipate a pickup in sales during the second half of the year due to the seasonal natural, explaining the drop-in sales.

Well-established supermarket located in Sangre Chiquito. - Specializes in the wholesale and retail of food and beverage products, household products, over-the-counter medicines, insect poison, and alcoholic beverages, offering a diverse range of items to cater to various consumer needs. - Majority of sales are from retail channel. Was generating up to TTD 6 million about 2 years back and has dropped due to internal cost cuttings. - The business handles an average of 25 to 30 orders per day, with an average bill value of TTD 300 to 400. - The products are procured from individual brand distributors, - The supermarket holds essential licenses for pharmaceutical, pesticide, and liquor sales. - There are 5 permanent employees, additional contract employees are hired for warehouse management and logistics services.

Business located in Aragua focusing on production and distribution of mass consumption foods with high demand. - Specializing in packaged and smoked foods derived from pork, the company has a diverse portfolio of over 100 clients. Production capacity is 300-500 tons/month. - The company has established a strong distribution network, ensuring the freshness and best price of their patented products by avoiding intermediaries and distributing directly to Automercado chains. - Despite facing delayed shipments due to working solely with cash flow, the business currently receives weekly orders and distributes its products every 15 days to clients across Venezuela. - Clients are located across main cities such as Puerto la Cruz, Barcelona, Maturin, San Feliz, San Cristóbal, Merida, and Amazonas. - The company holds an industry and commerce license to operate and its products are patented and registered in health, ensuring compliance with necessary regulations and standards. - Currently employs a permanent staff of 80, with an additional 30 temporary/contract personnel depending on the tasks at hand.

The hotel is located in Santa Marta, a popular tourist destination. - The property encompasses a 1,000 sq m spread with 3 storey building, an additional 400 sq m is available for potential future expansion. - Offering 25 rooms with various configurations including double, triple, quadruple, and cubicle variants. - Amenities include a restaurant with 30 seating capacity, a bar with 40 seating capacity, an outdoor pool, and private parking for up to 10 cars. - Its close proximity, just 100m away from the beach, provides an added advantage in terms of attracting beach-loving tourists and holidaymakers. - The business exhibits a 40% occupancy rate for the majority of the year, with January being the peak season, during which it achieves almost full occupancy. - Business has an RNT license and registration with the Chamber of Commerce.

Capture Meditech is a leading Indian brand that specializes in negative pressure wound therapy (NPWT) devices and kits. Established 4 years ago, Capture Meditech has quickly established itself as a reliable and innovative provider of NPWT solutions. Capture Meditech manufactures its own devices and NPWT kits. In addition to producing and marketing our own products, we also provide services throughout a nationwide distribution network. Our skilled team is committed to providing our customers with great service and support. Our industry-leading technology for wound management sets us apart from the competition. By leveraging the Make-in-India initiative, we have seamlessly integrated advanced German technology into our manufacturing process to create high-quality medical equipment right here in India. We have also applied for a patent for our NPWT technology, underscoring our commitment to innovation and excellence. Our products not only promise a quick return on investment but also come with unparalleled service and expert support whenever needed. We place great importance on providing exceptional after-sales service support and on-demand training to help you achieve the best outcomes for your patients.

Wholesale distributor of metal hardware tools, based in Venezuela. - Products include screws, nuts, washers, fasteners, tools and rivets. - Our business is B2B. - Have 500+ clients. We supply to automotive and residential real estate construction companies across the country. - We have seen a significant growth because we have expanded the number of sales representatives nationwide and we are now reaching more cities and towns. - Products are bought from manufacturers across Venezuela, distributors. A few products are imported from Panama and China. - Receive between 100 to 120 orders in a month. Order value is $100 for small orders and can go up to $2000. - The owner has more than 15 years of experience in the hardware distribution market.

Currently operating as a fishing charter. - Expandable business opportunity with the ability to branch out into new markets and activities. - Averaging 14 to 20 charters per month. Covid year had no charters, 2 years ago we had 138 charters, last year stood at 183 charters, and we are projected to do 220 charters this year. - Over 500 5-star reviews on TripAdvisor, Fishing Booker, FaceBook, and Google. - Licensed to operate water sports by St Maarten Govt, with no new licenses being issued. - Well-established marketing brand, website, and online presence. - We are the only local fishing charter able to accommodate up to 8 guests. - Commercially licensed boat, fully compliant and equipped with SOLAS-compliant safety equipment and pro fishing gear. - Other assets include a boat lift and office (leased) - Plenty of scope for growth and expansion.

The company has only 4 competitors in Venezuela with more than 20 clients around Venezuela from South to West. - We have been in this business for the last 42 years. - Partnership with two companies, one national and one international. - Employees typically stay for no more than 5 years. - Highly experienced staff providing high-quality products and services.

Hotel for mostly executive use that expands to the beach environment with a beach club just 100 meters away which makes it a city/beach hotel. It has attractions within the facilities which allow the guests to enjoy delicious dishes in its innovative restaurant where they enjoy drinks of any kind. It has an annual fixed clientele of businessmen and companies who participate in fairs and meetings on the island of Margarita, which has promising growth due to the economic development that the island is having. Note: This transaction is being handled by real estate brokers based in Venezuela. We are willing to provide to any detail or additional information.