Scribd
Upload
19 views

Background of Business

We are a project contractor based in Sungai Petani, Kedah that provides commercial cleaning and construction services. The company was registered in March 2015 and has invested RM100,000 to date. It has 3 full-time staff in the office and 10 contract workers. In 2019 the annual sales turnover was RM1.2 million with projections of RM1 million for 2020. The loan funds will be used for working capital and project expenses and will be repaid based on the company's cash flow from government project payments which are reliably received within expected timeframes.

Uploaded by

Lemon Ling
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
19 views

Background of Business

We are a project contractor based in Sungai Petani, Kedah that provides commercial cleaning and construction services. The company was registered in March 2015 and has invested RM100,000 to date. It has 3 full-time staff in the office and 10 contract workers. In 2019 the annual sales turnover was RM1.2 million with projections of RM1 million for 2020. The loan funds will be used for working capital and project expenses and will be repaid based on the company's cash flow from government project payments which are reliably received within expected timeframes.

Uploaded by

Lemon Ling
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

BACKGROUND OF BUSINESS

A. Who are we
We are project contractor.

B. What do we do
We provide professional commercial cleaning services and building construction for government project
cover Kedah area.

C. When did we start our business operations


Our company was registered and started our business operations in March 2015.

D. Where we are operating our business in


We rent a small office located at Sungai Petani.

E. How much have we invested into the business to-date


We have invested RM 100,000 into our business.

F. No. of Outlets/Branches we have now (if any)


No outlet.

G. Our Annual Sales Turnover


2019: RM1,200,000
Last 6 months (Bank statement Dec19-May20): RM 660,882.82
Last month: RM 44,201.13
2020(Projection): RM1,000,000

H. Experience of our Key Management Team


The key person has more than 5 years of experience in this industry.
I. Staffing – Staff Strength
Office - 3
Contract workers - 10

J. How we intend to use and repay the funds


Our company is looking for business working capital and project operating expenses. We mainly deal
with government projects. We need more cash flow that we can catch up with our progress in the next
half year.
We claim the payment based on the progress of the work. Although our client takes 1 months to
process, the collections are always within the expected time frame. Therefore, we believe we have
sufficient cash flow to serve the loan promptly.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy