Unigin Ventures · Insights
Practical guides on fundraising, finance, accounting and tax for startup and SME founders, from the Unigin Ventures team.
A dividend must clear three layers: the legal ceiling, the 5% legal reserve and the cash left after 12 months of commitments. A worked example from 2 million baht of profit, plus the payout steps.
Read the articleHow floating rates tied to MLR and MOR work, a quick formula for extra interest, a worked example of installments, overdraft interest and DSCR at 0.25% to 1.00% higher, and what to do first.
The types of loan covenants, how far your DSCR and debt-to-equity can move before a breach, what a breach does to your financial statements, and what to bring when you ask the bank for a waiver.
Higher sales tie up cash in receivables and stock before the profit arrives. Calculate the extra working capital from days, find the growth your profit can fund, and pick the levers and funding that close the gap.
Restate EBITDA to a normal year, choose a multiple without copying listed companies, and bridge enterprise value to equity value, with a worked example of how owner pay and debt move the price.
Importers and exporters dealing in dollars: measure your exposure and break-even rate, cut it with natural hedges and FCD accounts, then choose between forwards and options, with a worked example.
Build the after-tax cash flows of one machine, see what payback, NPV and IRR each tell you, why the project that pays back faster can destroy value, and how to stress-test the numbers before you sign.
Calculate three liquidity ratios from your own balance sheet, see how a steady current ratio can hide vanishing cash, how a covenant breach reclassifies debt, and how to improve the numbers.
Sales up, gross profit down? It may not be costs alone. Four formulas split the change into volume, product mix, price and unit cost in baht, with a two-channel example and how to read it.
How overdrafts and promissory notes charge interest differently, how to cost each one from your monthly funding needs, what MOR means, and which contract terms to check before you sign.
Loans charge interest and owners' money has a cost too. How to find the after-tax cost of debt under Thai SME tax rates, estimate the cost of equity, combine them into WACC and screen projects.
Cash, loan, hire purchase or lease? Compare them by the present value of after-tax cash flows, with Thai depreciation rules, car caps, VAT and a worked 2-million-baht example.
How to build scenarios in one spreadsheet: pick the drivers that move cash, calculate year-end cash in four cases, set a cash floor, and agree on triggers and actions in advance.
Unigin Ventures
Unigin Ventures invests in and supports startups and SMEs with capital and advice on finance, accounting, legal matters and technology.
