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ACCOUNT #: 351120685
<br />NAME: Milestone Contractors North, Inc.
<br />APPLICATION TYPE: New
<br />FINANCIAL STATEMENT TYPE: Audit
<br />FINANCIAL STATEMENT DATE: 12/31/2020
<br />PREQUALIFICATION WORKSHEET
<br />CURRENTFIXED EQUIPMENT
<br />ASSETS REPORTED $45,301,075.00 $11,290,806.00 $32,767,124.00
<br />LIABILITIES REPORTED $15,307,087.00 $16,142,099.00
<br />-------------------------------------------------------------------- ----- ------------
<br />----
<br />NETASSETS REPORTED $29,993,988.00 $(4,851,293.00) $32,767,124.00
<br />-------- ----- —-----------------------------------------------------....... - ---------------
<br />NET FIXED ASSETS $0.00
<br />NET FIXED ASSETS EQUIPMENT $0.00
<br />.................................. - ------- . . . ............... -- - ----------
<br />NET ACCEPTABLE ASSETS $27,948,981.00 $5,270,157.00 $32,767,124.00
<br />RATING FACTORS X110 X 2 X 8
<br />--------- ------ ---------------------------------------- -
<br />RATING COMPONENTS $279,489,810.00 $10,540,314.00 $262,136,992.00
<br />x 1.5 - - $262,136,992.00-
<br />--------------- - ---------------
<br />MAXIMUM EQUIPMENT $419,234,715.00 $0.00
<br />8
<br />$262,136,992.00 $0.00
<br />+ $279,489,810.00
<br />PRINTED: 05/20/2021
<br />VALID: 05/19/2021
<br />EXPIRES: 09/30/2022
<br />AUDITOR APPROVED: 05/12/2021
<br />ANALYST APPROVED: 05/19/2021
<br />PREQUALIFICATION APPROVED: 05/2012021
<br />COMPONENT RATING
<br />CURRENT
<br />$279,489,810.00
<br />FIXED
<br />$10,540,314.00
<br />EQUIPMENT
<br />$262,136,992.00
<br />--------------------- -----
<br />MAXIMUM BALANCE
<br />--------------- -
<br />$552,167,116.00
<br />STATEMENT TYPE
<br />Audit
<br />EXPER. REDUCTION
<br />0.00%
<br />AGG. BIDDING CAPACITY
<br />$552,167,000.00
<br />+ $5,270,157.00
<br />- -- - ------ ---- ---------------
<br />$541,626,802.00 $5,270,157.00
<br />X0.25 -- �
<br />. . . ....--------
<br />MAXIMUM FIXED $135,406,701.00 ADJUSTED FIX. $10,540,314.00
<br />-
<br />----------------------------------
<br />-------------------------------
<br />---------
<br />------------------
<br />-----
<br />BALANCE SHEET ANALYSIS
<br />CURRENTASSETS:$45,301,075.00
<br />--.-
<br />--
<br />CURRENT RATIO:
<br />- - - - -- -- -- . ....
<br />2.96
<br />---
<br />INVENTORY:
<br />--- ---- --—--------------
<br />$5,215,421.00
<br />-------------------
<br />QUICK RATIO:
<br />--------------------------- --
<br />2.62
<br />-------
<br />CURRENT LIABILITIES:
<br />$15,307,087.00
<br />WORKING CAPITAL:
<br />$29,993,988.00
<br />-------------------------
<br />LONG TERM LIABILITIES:
<br />------------------
<br />$16,142,099.00
<br />-- ---- ----- -- - -----
<br />DEBIT/ NET WORTH:
<br />0.54
<br />-----------------------
<br />NET WORTH:
<br />--------------------------------------------------
<br />$57,909,819.00
<br />ACCOUNTS RECEIVABLE TURNOVER:
<br />--------
<br />8.63
<br />-------------- —--------
<br />TOTAL LIABILITIES:
<br />------------------
<br />$31,449,186.00
<br />--
<br />----------------- ---------- -- ------
<br />ACCOUNTS RECEIVABLE/TOTALCURRENT ASSETS:
<br />-- - --- —- -- —-------------------------------------
<br />------
<br />0.38
<br />- -----------
<br />-- ----- - ----------
<br />----------- ----- ---
<br />ACCOUNTS PAYABLE/TOTAL CURRENT LIABILITIES:
<br />- - -
<br />0.30
<br />-------
<br />RECEIVABLES/PAYABLES:
<br />3.74
<br />-------------------- ----------------------
<br />---
<br />DAYS IN ACCOUNTS RECEIVABLE:
<br />- - -- - -- - - - -
<br />42.27
<br />-------
<br />ADJUSTMENTS
<br />Line Item # - Description
<br />Current
<br />Adjustment Amount
<br />Fixed Equipment
<br />11 Detail is not Clear
<br />$(38,221.00)
<br />$0.00 $0.00
<br />16 Omit Goodwill
<br />$0.00
<br />$(1,138,640.00) $0.00
<br />17 Due after 24 Months
<br />$0.00
<br />$12,033,636.00 $0.00
<br />99 Omit Affiliates
<br />$(2,780,332.00)
<br />99 Reclassify to Current
<br />$1,274,516.00
<br />$(1,274,516.00)
<br />99 To 16 Long Term
<br />$(500,970.00)
<br />$500,970.00
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