calculate the business value for 2013 using various valuation methods.

please take discount rate to be 10%

take depreciation to be 5%

The company is yet to sell shares...

CHE 12 months to March 31 2013 (Estimate) (Actual) 2012 Revenues Cost of Sale Gross Margin 337,955 49,086 288,870 432,987 56,340 376,647 Ordinary Expense Ordinary Income (Loss) 316,523 -27,654 454,028 -77,380 Extraordinary Income Net Income before Tax 55,874 28,220 103,853 26,472 Current Assets Fixed & Intangible Assets Total Assets 149, 192 4,428,527 4,577,719 22,052 4,330,587 4,352,639 Current Liabilities Long Term Liabilities Total Liabilities Shareholder Equity Total Liabilities & Equity 164,502 1,483,898 1,648,400 2,929,319 4,577,719 146,749 1,304,791 1,451,540 2,901,099 4,352,639 4,352 13 Convertible Loan reholders may feel that there is risk associated with further investment in the Company and th ms of this offer are set accordingly: Shareholders are invited lu loan the Company Cunds upon which interest will accrue al thera of 10% of the principal per annum. Convertible Loan Holders may convert their outstanding loans (principal plus interest) shares in the Company at a discount of 90% to the lowest share price offered at any time in th preceding ten years. Alternatively, Convertible Loan Holders who do not wish to convert to shares may elect fo repayment of their loan (principal plus interest) at any time after one year, subject to or month notice. The Company can also elect to repay unconverted loans at any time after or year, subject to one month notice. This offer is extended to all shareholders. There is no minimum or maximum limit to the valu of individual applications. In the event that the total value of applications exceeds the program maximum, Convertib Loans offcrcd to individual sharcholders may be subject to a maximum limit, proportionate their individual shareholding divided by the total shareholding of participating shareholders. s Convertible Loan offer is open to ALL existing shareholders until April 19, 2013. his is of interest, please contact us at the email address below. help ensure that management stay focused on market facing activity, Mike Moulder will act as th t point of contact for investors. Mike's relationship with many shareholders makes him ideal fo = purpose and Mike can arrange discussions or product demonstrations as needed. Mike can tacted directly or at the address below