Unigin Ventures · Insights
Practical guides on fundraising, finance, accounting and tax for startup and SME founders, from the Unigin Ventures team.
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.
Software, online ads and overseas consultants: who files PP 36 VAT, which payments need 15% PND 54 withholding, how tax treaties change the rate, and why net-of-tax contracts cost more.
A formula for the round size from the burn needed to reach your milestones, the time to raise again and a buffer, with a worked example and a table of round size against runway and dilution.
A 10% discount at a 30% gross margin wipes out 33.3% of gross profit, yet a revenue-based commission falls only 10%. Compare the two plans and design one that pays on gross profit.
Design a chart of accounts that rolls up to the Thai statutory line items and still shows which products really make money: numbering, accounts versus dimensions, tax accounts and how to switch over.
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.
Accounting profit and taxable profit differ. Follow the PND 50 form line by line: disallowed expenses, exempt dividends and five-year loss carryforwards, with a worked example and checks before you sign.
Full ratchet versus broad-based weighted average in a worked down-round example, the NVCA formula, pro-rata rights, the limits in a Thai limited company, and what to negotiate before signing.
A formula for the volume you can lose after a price increase without reducing profit, a lookup table by margin, a worked example, how to choose what to raise, and what to track afterward.
Work back from the four-month approval deadline: what to finish before year end, how to run the stock count, the adjustment checklist, what auditors ask for, and the filing dates that follow.
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.
A three-quarters special resolution, a first offer to existing shareholders, no direct sale to outsiders, premium only if the memorandum allows it, and registration within 14 days.
Unigin Ventures
Unigin Ventures invests in and supports startups and SMEs with capital and advice on finance, accounting, legal matters and technology.
