Amazon confirmed thier purchase contract with us with value of GBP2.2m to start with. GP is over 25%. We are looking at GBP8-10m business from Amazon.
We have confirmed the 1st Shipment with Amazon. It is a GBP2.2m shipment starting at 15th Jan 2012.
We need funds to pay the suppliers before they deliver the goods for theshipment.
In March 2012:
Once we sucessfully deliver our first GBP2.2m shipment Amazon will be looking for GBP8-10m busisness purchase from our company. We need to secure strong financial partnership with an investor so we can prove we can deliver the new business.
The products are household and outdoor products, and outdoor furniture. and are all own branded. This makes us different than traditional trading which is only low profit margin.
All products are own branded and thus cannot be replaced.
We have higher profit margin compared to traditional trading.
Our procurment team has over 31 years experience and knowledge in the industry.
The top managment was director of a listed Singapore company and is well familiar with corporate governance.
1. We need USD500,000 short term funds for the goods delivery. We can offer ROI of 5% per month. Max usage is 60 days.
2. We need a fund of GBP3m at the end of March from an Investor so we can prove to Amazon we are financially able to fullfill the GBP8-10m business in the next 12 months.
USD500,000 will be purely used to pay the suppliers to release the shipment.