|Current Status||Revenue Generating, Pre-Profit|
|Funding Required||RM5,000,000 or more|
|Description||Our company secured and owned a fleet operation contract from a PLC to supply and operate between 50-70 private vehicles for passengers transportation ranging from saloon cars, SUVs and MPVs.
Contract value is above RM50M over 3 years with option 3 years to extend.
We are required to supply (purchase) progressively and operate complete with driver.
Payment claims are to be made and paid by quarterly.
Contract is formed with secured payment guarantee.
|Business Opportunity||Opportunity to increase the contract to a further RM50M more.
Market is expending as it is parallel with the government initiative to improve public transportation.
|Revenue / Business Model||•Our revenue is based on a firm contract of progressive payment inclusive cost of cars and operation.
•Our cost is for a one-off payment to purchase vehicle.
|Management Team||The management team is currently being managed by the company’s directors.
Drivers are paid on contract basis.
|Company Background||Company was incorporated in 2016 as air transport agent.
In the Q3 of 2017 we were awarded with the fleet contract starting with 2 vehicles and 50+ vehicles in Q4 for contract commencing in January 2018.
|Funding Milestone||Min. of RM5M up to RM10M.
To purchase vehicles and cost of operations.
Claim by quarterly.
|% Equity Allocation||Equity for funding of min RM20M|
|Risks and Mitigation||None. Secured contract with guaranteed payment|
|Exit Strategies||Min of 1 year contract for investor.|
|Company Name||xxx Sdn Bhd|
|Business Address||Kuala Lumpur|