Reconditioned Systems Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

Reconditioned Systems Inc. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Reconditioned Systems Inc. and its competitors. This provides our Clients with a clear understanding of Reconditioned Systems Inc. position in the Appliances and Furniture Industry.

• The report contains detailed information about Reconditioned Systems Inc. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Reconditioned Systems Inc.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Reconditioned Systems Inc. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Reconditioned Systems Inc. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Reconditioned Systems Inc. business.

About Reconditioned Systems Inc.

Reconditioned Systems, Inc (RSI or the Company), an Arizona corporation formed in March 1987, remanufactures and markets modular office workstations consisting of panels, work surfaces, file drawers, book and binder storage and integrated electrical components (workstations). The Company specializes in remanufacturing and marketing workstations originally manufactured by Haworth, Inc (Haworth). The Company operates three remanufacturing facilities, one in Arizona, one in Georgia and one in New Mexico. The Company also markets new office furniture product-lines, including office chairs, desks, filing, lighting and other office furniture accessories. The Company markets its products primarily in the continental United States.

The Company's principal line of business is the sale of remanufactured Haworth workstations. Historically, these sales have accounted for approximately 70 - 80% of the Company's revenues. For the year ended March 31, 2003, these sales represented approximately 74% of the Company's revenues.

The Company purchases used Haworth workstations from manufacturers, dealers, brokers, and end-users and transports them to one of its three manufacturing facilities located in Arizona, Georgia and New Mexico, where it disassembles and inventories the workstations by component parts, stores, and, upon receipt of purchase orders, reconditions and reassembles the workstations. The Company markets these remanufactured Haworth workstations throughout the United States. Orders received by the Company range from as few as one workstation to as many as several hundred workstations.

Other Lines of Business

The Company derives certain revenues outside of its principal line of business. Other lines of business in which the Company engages include: brokering "as is" used workstations; selling new office furniture produced by other manufacturers (including new modular office furniture, desks, files, and chairs); installing workstations, and remanufacturing product already owned by customers.

The Company also carries a number of new product-lines, including new modular office furniture, filing, lighting, and other accessories. The Company currently maintains an excellent relationship with the manufacturers of these product-lines and does not foresee any disruption in supply.

The remanufactured Haworth workstations that the Company sells generally consist of panels, worksurfaces, pedestals, overhead storage units, lateral file storage units, task lights, and electrical raceways. The Company reconditions all of these items. Components that are often damaged and need to be replaced with new or clone components include panel top caps, shelf ends for overhead storage units, worksurfaces, electrical base and top feeds, and electrical raceways. The Company sells certain auxiliary items such as chairs, file cabinets, and desks, but it usually purchases these items new from other manufacturers rather than purchasing them used and remanufacturing them.

The Company's facilities have been designed to facilitate the natural flow of used Haworth workstation components and raw materials in order to streamline the remanufacturing process through disassembly, storage, remanufacturing, and shipping. Utilizing narrow aisle storage maximizes storage capacity.

On May 1, 2003, the Company purchased, as a wholly-owned subsidiary, Beck Office Systems, a Haworth remanufacturer located in Albuquerque, New Mexico, with sales offices in Albuquerque and Tucson, Arizona. Beck markets its products on a retail basis throughout the United States and Puerto Rico, but primarily in New Mexico, Arizona, Colorado and Texas.

Customers

In addition to the Company's network of authorized dealers, the Company's retail customers range from small businesses to Fortune 500 companies. The Company's customer base also includes various federal, state and local agencies and other governmental entities. In January 2003, the Company finalized the registration of its products with the General Services Administration (GSA), which allows the Company to market directly to the U.S. government on open and closed bid projects. The Company is currently developing marketing material for GSA customers.