Two Seasons Garlic Business Plan — Appendix C: Glossary
Glossary of agronomic, curing, grading and financial terms used throughout the Two Seasons Garlic business plan.
Appendix C: Glossary
Jump to section
- Overview & contents
- 1. Executive Summary
- 2. Investment Thesis
- 3. Company and Business Overview
- 4. Problem, Customer Need and Value Proposition
- 5. Products and Services
- 6. Industry Analysis
- 7. Market Analysis
- 8. Customer Analysis
- 9. Market and Competitive Landscape
- 10. Business Model
- 11. Go-to-Market Strategy
- 12. Operating Model
- 13. Management and Organisation
- 14. Strategic Plan
- 15. SWOT Analysis and Strategic Implications
- 16. Risk Analysis
- 17. ESG and Sustainability
- 18. Implementation Roadmap
- 19. Financial Model and Revenue Build
- 20. Projected Income Statement
- 21. Projected Balance Sheet
- 22. Projected Cash Flow
- 23. Capital Expenditure and Working Capital
- 24. Funding Requirement and Structure
- 25. Break-Even Analysis
- 26. Investment Case and Returns
- 27. Debt Serviceability
- 28. Sensitivity and Scenario Analysis
- 29. Key Performance Indicators and Management Dashboard
- 30. Conclusion
- A. Appendix A: Assumption Register
- B. Appendix B: Conditions Precedent to the Seed Subscription
- C. Appendix C: Glossary
|
Term |
Meaning |
|---|---|
|
Apparent consumption |
Local production plus imports less exports |
|
Bulbing |
The growth stage at which the garlic bulb forms; sensitive to heat and day length |
|
Curing |
Forced-air drying of harvested bulbs to below ~65% neck moisture to enable storage |
|
DSCR |
Debt service cover ratio: cash available for debt service divided by interest plus scheduled repayment |
|
GFSI |
Global Food Safety Initiative; benchmark for retailer-recognised food-safety certification |
|
ITAC |
International Trade Administration Commission of South Africa |
|
MAP |
Modified-atmosphere packaging |
|
MOIC |
Multiple on invested capital |
|
Pack-out |
Share of cured crop meeting retail specification |
|
SADC |
Southern African Development Community |
|
Seed bank |
Cloves retained from harvest as the following season’s planting stock |
|
Vernalisation |
Cold exposure required for garlic to initiate bulbing |
Table 58. Glossary.