BACKGROUND OF BUSINESS

A. Who are we
We are trading used cars.

B. What do we do
We specialize in reselling used cars. We also working with others car dealer eg. Letting them to put
their car in our place and we will charge fee on it.

C. When did we start our business operations

We start our business operation on October 2016.

D. Where we are operating our business in

We are operating our shop in Jalan Puchong, Kuala Lumpur. Monthly Rental is RM10,000.

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

We have invested around RM 50,000.00 into business as up to date.

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

Apart from business premises at KL, we do not have other outlet.

G. Our Annual Sales Turnover

2019: RM267,090.00
2020 (projected): RM300,000.00

H. Experience of our Key Management Team

Owner have 4 years of experience in this industry.
I. Staffing – Staff Strength
Owner -1,
Sales Staff-4,
Admin -1,
Runner-1

J. How we intend to use and repay the funds

Our funds requested from Fundaztic will allow us to overcome our issues of short term cash flow.
The funds will be used to purchase more second-hand cars to be sold back to the market for profit.
Our business is not affected during this lockdown period and there is no issue on collection with our
customer. In the next 6-12 months, we will be looking forward to expanding our business to raise
more profit for our business.

K. Other supporting information about our company