Chef`s Hat is a meal delivery service which provides high-quality meal kits to families.

Assessment Brief

Company Summary

Chef`s Hat is a meal delivery service which provides high-quality meal kits to families.

Chef`s Hat`s vision is better living through better food. Launched in 2012, Chef`s Hat offers fresh, chef-designed recipes with responsibly sourced ingredients. Through its delicious receipts, the company strives to bring restaurant-quality food to the home dinner table. Chef Hat is a carbon-neutral meal-kit company and is focused on promoting dietary wellness to everyone.

The Board of Directors has asked you to do a complete financial analysis of the company, complete a cash budget, review the strategic plan of the company, make recommendations on this strategy, and provide a statement on the solvency or insolvency of the company as it relates to the Indian Insolvency and Bankruptcy Code 2016.

The Board of Directors is especially interested in the viability of its strategic planning which will require significant debt financing to fund its implementation, which primarily involves expanding into India.

Information Provided

You have been provided with the company`s Prospectus document (in the next segment) which the board plans to use to secure the funding for the strategic plan. The Prospectus document provides all the information necessary to complete your findings and recommendations.

Requirements

Chef`s Hat needs you to provide them with a thorough report on findings and recommendations for the following areas:

  1. Write an executive summary that summarises your findings.
  2. Provide a complete financial analysis of the company, including Viability, Liquidity, Working Capital Management and Solvency.
  3. Create a monthly cash budget for the 1st quarter of 2023.
  4. Review the current strategic plan for Chef`s Hat. Determine the likely success of this plan and provide recommendations, based on the financial analysis, of how this plan can be improved.
  5. Provide a statement on the solvency or insolvency of the company as it relates to the Indian Insolvency and Bankruptcy Code 2016. Are the board of directors meeting their obligations by running a solvent organization?

Report Length

The report is expected to be approximately 3000 words.

Chef`s Hat Expectations

A thorough and in-depth financial analysis provides very meaningful information about the financial position and performance of the company.

Note: The liquidity, working capital management and solvency analysis should be based on the 2022 and earlier financial information within the prospectus.

Helpful Resources

Resources to assist you in researching your topic

The list below has been compiled to you to get started researching their Assessment topic. It is essential to understand that sources of information adopted or applied within the assessment should be from a wide variety of source material.

Some common academic sources might include (note the list below is not exhaustive):

  • Academic books
  • Scholarly or academic journal articles
  • Textbooks
  • Dictionaries and encyclopedias (excluding wikis such as Wikipedia)
  • Thesis
  • Reviews
  • Documentaries

Below are some links or suggestions to assist you in locating credible sources to apply in the assessment task.

For the viability analysis, the company is interested in a break-even review for 2023 only taking into account the increased debt of $57 million with an interest rate of 4%. A review of the profitability should be conducted for earlier periods. The information for the viability analysis is provided under section 7.4 Break-Even analysis in the prospectus.

  1. An accurate cash budget. The information necessary to complete the cash budget is provided tinder section 7.3 Information for Cash Budget in the prospectus.
  2. A detailed account of the likely success of the current strategic planning is based on the exact numbers from the financial analysis and cash budget. This should include recommendations on how the company might structure its strategic planning to achieve success based on the details from the financial analysis. Make sure to consider the financial consequences to the viability, liquidity and solvency of the company if they executed their strategic plan as stated.
  3. The Board of Directors requires a review of their solvency position as it relates to Indian Insolvency laws. Are the company directors in compliance with their directors` duties in India? Please provide appropriate references to the law to justify your findings.

The Funding Prospectus

The Prospectus provided to you by Chefs Hat has been attached below.

Chef`s Hat: Funding Prospectus

Below is the criteria for this assessment:

  1. Provide a complete financial analysis of the company (3o marks)
  2. Cash Budget (20 marks)

The Funding Prospectus

The Prospectus provided to you by Chefs Hat has been attached below.

Chef`s Hat: Funding Prospectus

Below is the criteria for this assessment:

  1. Provide a complete financial analysis of the company (3o marks
  2. Cash Budget (20 marks)
  3. Strategic planning - review and recommendations (25 marks)
  4. Analysis of company solvency (i5 marks)
  5. Use of language, grammar, and structure to the report (10 marks)

Assessment Rubrics

To better understand the evaluation criteria and marking structure in detail, go through the Assessment Rubric given below.

Unit Hurdle Requirement: Students must pass this assessment to pass the course and the overarching Deakin unit.

 

Summative Assessment Task 5 (Individual)

Brief description of assessment task

For your graded assessment, you will need to prepare a written report that requires you to examine and apply the key concepts and tools of financial analysis.

Detail of student output

You will prepare a report about the financial analysis of various facets of the company which includes an executive summary, financial analysis and financial planning. You are expected to prepare an excel file as well to demonstrate your analysis and support your answers.

Grading and weighting (% total mark for unit)

50%

This task assesses your achievement of these Unit  Learning outcome(s)

ULO1: Evaluate an organisation`s financial position in order to appraise your achievement of its capacity to fund strategic developments.

ULO2: Formulate a financial plan as part of an overall business plan.

This task assesses your achievement of these Graduate Learning Outcomes (s)

GLO1: Discipline-specific knowledge

GLO5: Problem-solving

How and when you will receive feedback on your work 

The grader will provide feedback based on the analysis and report submitted. How and when you They will also add areas of improvement/suggestions and recommendations for improvement.

Students will receive feedback 14 days after the assignment submission deadline on Grade.upgrad.com.

When and how to submit your work

The submission report and the excel for calculations should be submitted as a zip file on the upGrad platform before the assessment deadline mentioned on the platform.

 

Please find the library guidelines attached below, for your reference.