|Current Status||Loss-making, Turnaround|
|Description||We are doing logistics/forwarding services by air to Sabah & Sarawak since 1994|
|Business Opportunity||Directly, we are linked with airlines however have to go through airlines sales agents as we do not have enough to sustain the strict payment terms as required by airlines.|
Due to that, we have turned away all our regular clients until the day we could provide our clients with 30 days term, and able to sustain to pay the airlines in prompt 14 days.
|Revenue / Business Model||Sending general cargo, with regular daily clientele.|
|Management Team||Existing team, 6 persons,|
2 Drivers, one manager, one clerk, 3 other operations executive.
|Company Background||We have been achieving min of 350k sales/monthly since 2011, after a huge decline as big players entered the industry.|
|Funding Milestone||Proposed to use the funding as a deposit to several airlines, also as cashflow for our current business in order for us to request our old clients to continue using us by giving them 30 days terms.|
Also, would be using the funds to hire marketing executives in order to boost up the sales from previous clients.
|% Equity Allocation||30%|
|Expected ROI||8% yearly|
|Risks and Mitigation||Investment risks : Clients not paying the debts, however this is mitigated as we only do regular/strong financial backing clients since 2011,|
Rest all cash term basis, before goods are delivered.
|Exit Strategies||6 months period, if non performance, able to get back entire deposit from airlines directly.|
|Company Name||PRESTIGE CONTRACTS SDN BHD|
|Business Address||75, PUJ 3/3, Taman Puncak Jalil, Bandar Putra Permai, 43300, Seri Kembangan|