|Project Title||Auto Accident Claim Service and export vehicle spare parts|
|Current Status||Concept / Business Plan|
|Funding Required||RM600,001 to RM1,000,000|
|Description||I am represent xxx to expand our business locally auto accident claim service. Road accidents are horrors that usually involve collisions of two or more vehicles on the road or highway. Accidents arise from driver negligence, technical problems of vehicles, weather and so on. Therefore, the insurance services company is responsible for repairing the vehicle to receive payment by claim to the insurance company. Auto insurance services workshop is a hospital for accident-prone cars. Then, a company moving to the export market in Bangladesh since we are able to get guidance from the government to penetrate the market.|
|Business Opportunity||-According to ministry of transport, there are over 500,000 accidents each year from 2006-2015. Hence, auto accident claim service has high demand to solve a problem the accident vehicle. We have an excellent network with a towing truck group to deal with accident vehicles.
– Given Bangladesh’s population of 156.2 million people, its total $40.5 billion in 2016 imports translates to roughly $260 in yearly product demand from every person in the country. With proof of fund, a government of Bangladesh welcoming a foreign business and we can get the official appoint for supply such as palm oil, computers,auto parts, and many more. So, we are focusing to supply auto part and once official appoint, a government will help to guide, client payment and tax exemption our business.
|Revenue / Business Model||A company make agreement with towing truck group about percentage income and their task to ensure a company receive vehicle constantly every month. About export, we target 2 shipment per month and 30 percent profit margin per shipment. The income is expected average MYR 65,000.00 per month before expenses costs at 50% .|
|Management Team||– I will arrange for management and financial. I have experience to run a car workshop and involved in the car workshop for 5 years.
-Amirul will be manage physical work such as assembly parts,bodywork and painting. He is a owner of Amex Tone Enterprise and already 10 years in car workshop.His cousin is one of the members of parliament Pabna district, he will be guider,adviser,protector and arrange our business in Bangladesh.
|Company Background||xx is located at xxx Sungai Gadut, 71450 Seremban, Negeri Sembilan and Registration No SSM is xxxx. The premise operates from 2014 and operates a painting, repairing, welding service for cash. During the 3 years of operation, the company’s work and earnings are economically self-sustaining. Therefore, we want to expand our business through the following business plans.|
|Funding Milestone||Rm 700,000.00-1,000,000.00 for start-up and 48 months business operation.|
|Expected ROI||Total = 120% in 48 months of the invested amount. [ 84% Investor, 36% Management team]|
|Risks and Mitigation||a] Auto accident claim service – available in our business plan.
b] Import,export- 1] Late payment by clients
|Exit Strategies||1] After 20 months operation, an investors can withdraw their capital of amount invested , 6 months repayment.
2] Sell a company to a new investor.
3] The company operation more than 1 1/2 years seeking to apply for a loan through a consultant as a repayment to investor.
|Business Address||xxxx Negeri Sembilan|
|Contact Person||Ikhwan Azim|