Attached files

file filename
EX-10.5 - AGREEMENT AND DEED OF TRANSFER - MEDICUS HOMECARE INC.ex10-5.htm
EX-99.1 - AUDITED FINANCIAL STATEMENTS OF DAS PFLEGELAND FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 - MEDICUS HOMECARE INC.ex99-1.htm
EX-10.3 - CONTRIBUTION AGREEMENT (DAS PFLEGELAND) EFFECTIVE JULY 1, 2014 - MEDICUS HOMECARE INC.ex10-3.htm
8-K - CURRENT REPORT DATE NOVEMBER 12, 2014 - MEDICUS HOMECARE INC.oc_8-k.htm
EX-99.2 - AUDITED FINANCIAL STATEMENTS OF PREMIUM-PFLEGEDIENST PFLEGELAND FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 - MEDICUS HOMECARE INC.ex99-2.htm
EX-99.5 - UNAUDITED FINANCIAL STATEMENTS OF BEATMUNGSPFLEGE 24 GMBH FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2014 - MEDICUS HOMECARE INC.ex99-5.htm
EX-99.3 - UNAUDITED FINANCIAL STATEMENTS OF DAS PFLEGELAND FOR THE SIX MONTHS ENDED JUNE 30, 2014 - MEDICUS HOMECARE INC.ex99-3.htm
EX-99.4 - UNAUDITED FINANCIAL STATEMENTS OF PREMIUM-PFLEGEDIENST PFLEGELAND FOR THE SIX MONTHS ENDED JUNE 30, 2014 - MEDICUS HOMECARE INC.ex99-4.htm
EX-10.4 - CONTRIBUTION AGREEMENT (PREMIUM-PFLEGEDIENST PFLEGELAND) EFFECTIVE JULY 1, 2014 - MEDICUS HOMECARE INC.ex10-4.htm

EXHIBIT 99.6

 

Overtech Corp.

 

Pro-forma Financial Statements

 

(unaudited – prepared by management)

 

(stated in US Dollars)

 
 

Overtech Corp.

Pro-forma Balance Sheet

(Expressed in US dollars)

(unaudited – prepared by management)

 

   Overtech   Beatmungspflege
24 GmbH
   Pro-forma
Adjustments
  Overtech Corp.
Pro-forma
 
   July 31, 2014   September 30, 2014        
ASSETS                  
Current assets                  
Cash  $-   $14,830 $ (100) (a) $14,730 
Prepaid expenses and deposits   14,757    -   -   14,757 
Other assets   -    826,215   -   826,215 
Total current assets   14,757    841,045   (100)  855,702 
                   
Non-current assets                  
Land, property rights and buildings   -    109,539   -   109,539 
Other equipment, furniture and fixtures   -    130,564   -   130,564 
Intangible assets   -    4   -   4 
Total non-current assets   -    240,107   -   240,107 
Total Assets  $14,757   $1,081,152 $ (100) $1,095,809 
                   
LIABILITIES                  
Current Liabilities                  
                   
Accounts payables  $36,098   $355,532 $ -  $391,630 
Accrued liabilities   -    70,085   -   70,085 
Other liabilities   -    200,435   -   200,435 
Provisions   -    145,969   -   145,969 
Provisions for taxes   -    33,618   -   33,618 
    36,098    805,639   -   841,837 
                   
Long term financial liabilities   -    138,908   -   138,908 
Total liabilities   36,098    944,547   -   980,645 
                   
                   
STOCKHOLDERS’ EQUITY                  
Common stock $0.001 par value, 75,000,000 Common shares authorized, 70,560,000 shares issued and outstanding   70,560    65,666   (65,666) (b)  70,560 
Additional paid-in capital   (39,760)   -   39,660 (b)  - 
         -   100 (a)  - 
Accumulated deficit   (52,141)   61,479   25,806   35,144 
Accumulated Other Comprehensive Income   -    9,460   -   9,460 
Total Stockholders’ Deficit   (21,341)   136,605   (100)   115,164 
Total liabilities and stockholders  equity  $14,757   $1,081,152 $ (100) $1,095,809 

 

See accompanying notes to the pro-forma financial statements

 
 

Overtech Corp.

Pro-forma statement of operations  - Nine months ended September 30, 2014

(Expressed in US dollars)

(unaudited – prepared by management)

 

   Overtech   Das Pflegeland   Premium-Pflegedienst
Pflegeland
   Beatmungspflege 24
GmbH
   Pro-forma
adjustments
   Pro-forma
Operations
 
   (12 months ended
July 31, 2014  (1)
   (6 months ended
June 30, 2014)
   (6 months ended
June 30, 2014)
   (9 months ended
September 30, 2014)
         
                               
Revenue                              
Revenue  $-   $2,171,867   $924,523   $1,018,257    -   $4,114,647 
Other operating income   -    32,178    7,916    4,439    -    44,533 
Total revenue   -    2,204,045    932,439    1,022,696    -    4,159,180 
Personnel expenses   -    (1,229,388)   (387,425)   (118)   -    (1,616,931)
Gross margin   -    974,657    545,014    1,022,578    -    2,542,249 
                               
Expenses                              
Cost of purchased services   -    336,063    81,497    721,842    -    1,139,402 
Advertising and promotion   341    -    -    -    -    341 
Consulting fees   4,972    -    -    -    -    4,972 
Amortization   -    9,616    3,901    17,630         31,147 
General and administrative expenses   6,976    -    -    -    -    6,976 
Other operating expenses   -    233,524    58,650    192,498         484,672 
Professional fees   28,955    -    -    -    -    28,955 
Registration and filing fees   20,824    -    -    -    -    20,824 
                               
Earnings before other items   (62,068   395,454    400,966    90,608    -    824,960 
                               
Income taxes   -    -    -    (29,138   -    (29,138
Interest and similar income   -    125    5    9    -    139 
Interest expenses   -    (16,497)   (374)   (1)   -    (16,872)
Forgiveness of debt   (10,100)   -    -    -    -    (10,100)
                               
Net (loss) income  $(72,168)  $379,082   $400,597   $61,478        $768,989 

 

See accompanying notes to the pro-forma financial statements

 
 

Overtech Corp.

Notes to the pro-forma financial statements

(Expressed in US dollars)

(unaudited – prepared by management)

 

1. Basis of Presentation

 

On July 1, 2014, the sole proprietorships Das Pflegeland and Premium-Pflegedienst Pflegeland were combined into Beatmungspflege 24 GmbH (“Beatmungspflege”).

 

On November 12, 2014, Overtech Corp.’s (“Overtech”) wholly-owned subsidiary, Medicus Homecare Inc. (“Merger Sub”), Dr. Orhan Karahodza (“Vendor”) and Beatmungspflege executed an agreement and deed of transfer (the “Acquisition Agreement”), pursuant to which the Merger Sub paid $100 for all of the outstanding common shares of Beatmungspflege to the shareholders of Beatmungspflege. Subsequent to the closing of the Acquisition Agreement, the Merger Sub will merge with Overtech and Beatmungspflege will become a wholly owned subsidiary of Overtech (the “Merger”). Concurrent to the acquisition of Beatmungspflege, a major shareholder of Overtech transferred 40,800,000 shares to the Vendor. Upon completion of the Merger, the officers and directors of Beatmungspflege will become the officers and directors of Overtech and Overtech will adopt the business plan of Beatmungspflege. Beatmungspflege is the accounting acquirer (legal acquiree) and Overtech is the accounting acquiree (legal acquirer).

 

The former shareholder and management of Beatmungspflege will own approximately 58% of the total issued and outstanding common shares of Overtech, resulting in a reverse takeover/recapitalization under US Generally Accepted Accounting Principles (“US GAAP”).

 

This pro-forma balance sheet has been derived from combining the audited balance sheet of Overtech as at July 31, 2014 and unaudited Beatmungspflege balance sheet as at September 30, 2014, and gives effect to the proposed Merger and other relevant information.

 

The pro-forma statement of operations for the nine month period ended September 30, 2014 has been derived from combining the audited statements of operations of Overtech for the year ended July 31, 2014, the unaudited statement of operations of Das Pflegeland for the six month period ended June 30, 2014, the unaudited statement of operations of Premium-Pflegedienst Pflegeland for the six month period ended June 30, 2014, and the unaudited statement of operations for Beatmungspflege for the nine month period ended September 30, 2014, and gives effect to the proposed Merger and other relevant information. In the opinion of management, the pro-forma statement of operations for the nine months ended September 30, 2014 includes all the adjustments necessary for fair presentation, inclusive of the effect of the assumptions stated in Note 3.

 
 

Overtech Corp.

Notes to the pro-forma financial statements

(Expressed in US dollars)

(unaudited – prepared by management)

 

The pro-forma financial statements have been prepared as if the Merger had occurred on September 30, 2014 and the adjustments disclosed in Note 3 had occurred on the same date. In the opinion of management, the pro-forma balance sheet includes all the adjustments necessary for fair presentation, inclusive of the effect of the assumptions stated in Note 3.

 

The pro-forma financial statements are not necessarily reflective of the financial position and results of operations that would have resulted if the events noted herein had occurred on the specified dates, but rather reflect the pro-forma presentation of specific transactions currently proposed. Further, the pro-forma financial statements are not necessarily indicative of the financial position and results of operations that may exist in the future. The pro-forma statements should be read in conjunction with Overtech’s and Beatmungspflege’s audited and unaudited consolidated financial statements.

 

2. Plan of merger with Beatmungspflege

 

The purchase price allocation of the acquisition is based on the fair value of the net liabilities acquired which is charged to additional paid-in capital (“APIC”).

The fair value of assets acquired and liabilities assumed are as follows:

 

   $ 
Cash   14,830 
Other current assets   826,215 
Land, property rights and buildings   109,539 
Equipment, furniture and fixtures   130,546 
Intangible asset   4 
Accounts payable and accrued liabilities   (425,617)
Other current liabilities   (200,434)
Provissions   (149,969)
Provissions for taxes   (33,618)
Long term financial liabilities   (138,908)
    132,588 

 

3. Pro-forma Adjustments

 

The pro-forma statements give effect to the following transactions as if they had occurred at September 30, 2014:

 

(a)To record the $100 paid to shareholders of Beatmungspflege.

 

(b)To eliminate the share capital of Beatmungspflege.

 

(c)To record the re-capitalization upon the acquisition of Beatmungspflege.