Key indicators

Development and economic growth

The firm was founded in 1963 and for 40 years managed to register a big profit. Romania however, was
a communist country until 1989. That means that the organization was managed by the state for
approximately 36 years. After the big revolution the firm was taken in control by third parties and the
situation would have known a quite significant change. The year 2003 would represent a dramatic
situation. Not only they were not able to register any profit, the losses that they were facing were
dramatic. Because of the bad organization, the firm entered the state of insolvency in the year 2007. The
situation was absolutely critical. More than 700 people could have lost their jobs,and considering the
fact that in the city where the firm was build this organization among two others were the top hires,we
can say for sure that a tragedy could have happened.

Despite all of those negative facts, a new investor came and bought 51% of the company shares. With
the power that he know had in his hands, he managed to rebuild the entire entity from the bottom. He
fired some people at first to reduce the costs for a brief period of time. After he took some research and
dig deep into the problem he found out that the virus who was going to destroy the company was the
CEO. He immediately took actions and named as headquarters two brothers of great potential.

After two years of activity as a reinvented entity, the company managed to pay all the debts and register
profit for the first time in a decade. The innovation came from the training program that was founded in
2009. Every employee would have to pass a training session in order to can start working in their
department. In this way, the intensive productivity raised and the costs were reduce to minimum.

The final stage in this hugely development was also the hardest. This one marked the transition to the
next level, intercontinental distribution. Until now they produced small quantities of plywood, which
meant small companies, but know all of that is ancient history. Because of the good management, they
were able to raise the produce quantity and automatically they have attracted new, better and bigger
clients.

Work schedule

Because of the fact that the production process is a 24/7 one, the work schedule is divided in three
reasonable for everyone shifts. This entire schedule has a very important meaning because the system
relies on the fallowing time division:

07:00-15.00 Morning shift

15.00-23.00 Afternoon shift

23.00-07.00 Night shift

Most of the employees are full time and there are working 5 days a week. At the end of the working
year they have to give feedbacks to the supervisors, and they will also receive a feedback from them. In
this way, a permanent communication is maintained between the employees and the manager.
Budget

Every once a year the board of directors meet to discuss the allocated budget for the year to came.
Usually this meeting takes place in December and it could last more than 1 day, depending on several
factors for example: the demand, the scarcity etc. The budget is based every year on the estimates
provided by the department heads. Of course, adjustments can be made if the situation impounds it.
The budget consist in salary amounts, and production expenses. The second is the largest cost because
this reunite several secondary costs like for example: resources,fuel,electricity,equipment maintenance
etc.

With the year 2013 the budget increased constantly until now. Because of the increased productivity
and the high demand, the year 2015 registered the biggest budget allocated for production in the last
decade.

Cildro Plywood Budget for 2015

Production Administration Salaries Maintanance costs

In the current year the budget allocated for production increased by 24% compared to the last year.
Balance sheet

Net turnover: From 2013 to 2014 the company net turnover increased by 675.525 while from 2015 to
present it increased by 1.744.469.

Achivments over the last 3 years

25

20

15

10

0
2013 2014 2015

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