Ceres exhibits

Exhibit 2 - Balance Sheet

At December 31 2002 2003 2004 2005 2006E
Assets
Cash 705 1,542 1,818 2,158 1,955
Accounts Receivable 3,485 4,405 6,821 10,286 14,471
Inventories 3,089 2,795 3,201 3,291 3,847
Current Assets 7,279 8,742 11,839 15,735 20,273

Plant, Property, & Equipment (net) 2,257 2,680 2,958 3,617 4,347
Other Assets 645 645 645 645 645
Land 450 1,750 2,853 2,853 2,853
Non-Current Assets 3,352 5,075 6,456 7,115 7,844

Total Assets 10,631 13,817 18,295 22,850 28,117

Liabilities & Shareholders Equity

Accounts Payable 2,034 2,973 4,899 6,660 9,424
Current Portion of Long-term Debt 315 352 525 730 649
Current Liabilities 2,349 3,325 5,423 7,390 10,074

Long-Term Debt 3,258 4,400 5,726 7,123 8,480

Shareholders Equity 5,024 6,091 7,146 8,336 9,563

Total Liabilities & Shareholders Equity 10,631 13,817 18,295 22,850 28,117 18,554 17,905 17,256

Exhibit 3 - Income Statement

For Years Ending December 31 2002 2003 2004 2005 2006E
Sales 24,652 26,797 29,289 35,088 42,597
Cost of Goods Sold 20,461 21,706 23,841 28,597 35,100
Gross Profit 4,191 5,091 5,448 6,491 7,497

General & Administrative Expense 1,999 2,138 2,372 2,877 3,578

Research & Development 203 203 212 222 232
Depreciation & Amortization 347 412 455 557 669
Earnings before Interest & Taxes 1,641 2,338 2,408 2,836 3,018

Interest 187 349 440 547 658

Earnings before Taxes 1,454 1,989 1,968 2,289 2,360
Taxes 264 696 689 801 826
Net Income 1,191 1,293 1,279 1,488 1,534
 Hist. Proj. Proj.
IncStat Year 2006 Year 2007 Year 2008
Assumptions

Sales 42,597.2 23,300.0 26,790.0

Cost of sales % of sales 82.4% 84.0% 84.0%
Administration expensess 3,578.2 3,578.2 3,578.2
Amortization amount 668.7 668.7 668.7
Tax rate 35.0% 35.0% 35.0%
Interest rate of liability 3.5% 3.5% 3.5%

Income statement
2006 2007 2008
Sales 42,597.2 23,300.0 26,790.0
Cost of Goods Sold 35,100.1 19,572.0 22,503.6
Gross Profit 7,497.1 3,728.0 4,286.4

General & Administrative Expense 3,578.2 3,578.2 3,578.2

Research & Development 232.0 232.0 232.0
Depreciation & Amortization 668.7 668.7 668.7
Earnings before Interest & Taxes 3,018.2 (750.9) (192.5)

Interest 658.1 626.7 603.9

Earnings before Taxes 2,360.1 (1,377.5) (796.4)
Taxes 826.0 (482.1) (278.7)
Net Income 1,534.1 (895.4) (517.7)
 Hist. Proj. Proj.
BalSheet Year -1 Year 2007 Year 2008
Assumptions

Inventories % of COGS 17.3% 13.0% 13.0%

Receivables % of sales 34.0% 25.0% 25.0%
Payables % of COGS 22.6% 19.5% 19.5%
Dividends to shareholder 300.0 300.0
Liability (pay 649 every year) 18,554 17904.6 17255.6
Balance sheet

Assets
Cash 1,955 5,346 4,016
Accounts Receivable 14,471 5,825 6,698
Inventories 3,847 2,544 2,925
Current Assets 20,273 13,716 13,639

Plant, Property, & Equipment (ne 4,347 4,347 4,347

Other Assets 645 645 645
Land 2,853 2,853 2,853
Non-Current Assets 7,844 7,844 7,844

Total Assets 28,117 21,560 21,483

Liabilities & Shareholders Equity

Accounts Payable 9,424 3,816.5 4,388.2
Current Portion of Long-term De 649 649.0 649.0
Current Liabilities 10,074 4,465.5 5,037.2

Long-Term Debt 8,480 7,831.0 7,182.0

Shareholders Equity 9,563 9,263.4 9,263.4

Total Liabilities & Shareholders 28,117 21,560 21,483

 Hist. Proj. Proj.
CashFlow Year 2006 Year 2007 Year 2008

Net Income 1,534 (895.4) (517.7)

Adjustments:

Depreciation 669 668.7 668.7

(-) Increase in AR (4,185) (872.5)
(+) Decrease in AR 8,646.0
(-)Increase in Inventories (556) (381.1)
(+)Decrease in inv 1,302.2
(+)Increase in AP 2,765 571.7
(-)Decrease in AP (5,607.6)
(-)Decrease in Current Portion (81)
Net Cash provided by operating
Activities 145 4,114.0 (530.9)
Cash Flows from Investing Activities
(-)Increase in PPE (1,398)
(-)Increase in Land
Net Cash provided by Investing
Activities (1,398) - -
Cash Flows from Financing Activities
(+) Increase in LT Debt 1,357
(-) Decrease in LT Debt (649.0) (649.0)
(-)Dividend Paid (307)
Net Cash provided by Financing
Activities 1,050 (649.0) (649.0)

Net increase (decrese) in cash

and cash equivalents (203) 3,465.0 (1,179.9)
Cash and Cash Equivalents at the
beginning of the year 2,158 1,954.9 5,419.8
Cash and Cash Equivalents at the
end of the year 1,955 5,419.8 4,239.9