IRR Corp. Investor Reports

Leadership Driven by Accountability, Experience, and Integrity

Our Investor Reports consist of:

Cover Letter

Details the reporting requirements and certification by Management advising that they have provided and agree with the information in the IRR Investor Reports.
Initial Financial Report

Consists of a financial statement prior to the Investment with monthly forecasts and use of proceeds from the Investment. This report is prepared prior to the Investment adding additional due diligence for Investors.
On-Going Financial Report

Financial report for the current period on a cash flow and accrual basis with comparisons to the Initial Financial Report (forecast);
Financial Analysis Report

Analysis of the financial performance for the current period and since the commencement of the contract.
Corporate Information

Details changes in Board members, management and key personnel along with status of any corporate debt and upcoming dates for Board and Shareholder meetings.

Two colleagues, a woman with curly gray hair and glasses wearing a light blue blazer, and a man with dark hair and glasses wearing a light purple sweater, are both smiling and looking at a document together in an office setting with wooden beams and glass windows.

The Initial Engagement includes an Initial Financial Report which is prepared prior to an investment and is key to inform Investors of the current financial situation including review of the current financial situation including:

Accounts payables and accruals
Payables to Management
Current Debt from Investors
Current Debt from Management or the Board of Directors
Taxes payable
Payroll Taxes and Payroll due
Cash and Short Term Investments
Accounts receivable
Loans to Management or third parties
Leases

Two people working at a desk with financial documents, a calculator, and a laptop.

The On-Going Engagement consists of an agreed upon timeframe (monthly/quarterly) for the On-Going Financial Report.

This report is prepared within 60 days of the period end and includes the financial results of the Investee Company along with comparisons to the forecasted financial projections. A financial summary is included advising on reasoning for any material variances. A Corporate Information report is also included advising of personnel movements, status of any debt and key dates including the date of the next Shareholder meeting or Management update.

Chris Carmichael, CPA

Founder & CEO
“As a CFO of numerous small Canadian public companies, access to information on a timely manner is mandatory and essential for our investors. As an investor in many start up Canadian private companies, receiving annual financial information six months after year end, if provided which is not always the case, keeps me in the dark on the value of my invested capital. It’s time for private companies to provide current information to their investors.”
Colin Keddy

Director
“When investing in private companies, my analysis and assessment seems to end once my invested capital is provided and there is no access to review Management’s use of my invested capital. As an investor, I would like to see how my funds are being used and receive access to financial and operational information similar to information provided by public companies.”
Hussein Khalife, CFA

Director
“To invest in a private company, you need to be an Accredited Investor as defined by the securities commissions. As an Accredited Investor, you can only invest if you sign a securities commission form stating that you understand that you could lose all of your invested capital. This undertaking protects the company but we need to protect the investor by making management of these companies more accountable to their investors.”