Forward looking statement notice
Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
Financial information contained in this quarterly report and in our unaudited
interim financial statements is stated in
Description of business
We intend to commence operations in the business of consulting in
Our principal office address is located at Unit No. 5784,
11 Consulting service
We plan to offer the following services:
1) Investment Portfolio
Investment portfolio is the collection of assets in
According to this service, we help to our potential clients to find the best solution of investment in Thai market. We plan to commence this service first.
2) Crediting
There are a number of non-bank financial institutions in
According to this service, we help to our customers to find out the lowest
banks' interest rates and the optimal credit terms in
We offer our assistance in obtaining a turnkey loan, from the selection of a finance company, and till the getting the funds.
3) Tax Planning
We plan to provide our clients with full information on current tax rates, tax incentives and promotion, as well as provide update information on changes in tax legislation.
4) Obtaining the certificate of the
Evaluation of economic activity for the right to receive the BOI benefits. The choice of form of business organization, the location of the factory (in the industrial area, or as a single object), consultations on the volume of possible tax, customs and institutional privileges for the particular type of business. Preparation of applications for the BOI privileges and business plan development. Submission of application to the BOI. Assistance during the application consideration process: preparation and submission of explanations and additional information to the BOI, interaction with the department responsible for the particular type of business, the representation the clients' interests in all aspects in during the application consideration process. Obtaining of the BOI certificate and accompanying documents, translation into customers' language. Further support of the company after the BOI certificate is received (registration, obtaining business licenses, obtaining visas and work permits for employees of the company, accounting services, legal support of the company).
5) Legal services
We provide a full range of legal services that may be required in
Marketing
We plan on using various marketing tools to promote our services. We're planning for our key marketing strategy to be based on Internet marketing, direct sales, presentations, participation in exhibitions, and also on publications in various mass media outlets and special catalogs. We intend for one of our promotion tools to be the creation of a website, on which we'll place a detailed description of our services. Since the website will be a hallmark for our company, we'll attract professional developers who will be able to create a professional website using modern web programming technology. A forum and chat will also be organized on our website to make direct contact with our potential clients. We're planning to create a multi language website, although the most popular languages will be English, Spanish, German and Chinese.
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Our website is needed for promotion, so we're planning to actively use Search Engine Optimization services, as well as contextual advertising on the most popular search engines.
In addition to creating the website, we plan to create pages on social networking sites such as Google, Tweeter, Instagram and Facebook. This way we'll be able to touch on all categories of potential clients and promptly convey our information to them regarding our services and offers.
We also intend to participate in different exhibits and events associated with
the consulting business. Our potential clients will be able to ask us questions
and find out more about our approach to providing our services, and about the
opportunities we're prepared to provide in
In our promotion we intend to use direct sales tools. Our employees will contact new and old clients, offering them the full spectrum of our services.
Clients
Our service targets individuals and legal entities that wish to start their
business activity in
We project that our services will be interesting to the clients worldwide
because many companies and individuals are interested in business development in
Competition
Currently, the market of consulting services in
Revenue
We plan to receive our revenue from our potential clients for providing our
services. We plan to offer our service on the hourly basis. We estimate our
consulting service for
Insurance
We do not maintain any insurance and do not intend to maintain insurance in the future. Because we do not have any insurance, if we are made a party of a products liability action, we may not have sufficient funds to defend the litigation. If that occurs, a judgment could be rendered against us that could cause us to cease operations.
Employees Identification of Certain Significant Employees.
We are a startup company and currently have one employee only -
Offices
Our business office is located at Unit No. 5784,
13 Government Regulation
We will be required to comply with all regulations, rules, and directives of
governmental authorities including the
RESULTS OF OPERATION
Results of Operations for the three months ended
Revenue and cost of goods sold
For the three and six months ended
Operating expenses
Total operating expenses for the three months ended
Net Income/Loss
The net loss for the three months ended
Liquidity and capital resources
As at
CASH FLOWS FROM OPERATING ACTIVITIES
We have not generated negative cash flows from operating activities. For the six
months ended
CASH FLOWS FROM INVESTING ACTIVITIES
For the six months ended
CASH FLOWS FROM FINANCING ACTIVITIES
For the six months ended
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
This section includes a number of forward-looking statements that reflect our current views regarding the future events and financial performance of the Company.
We qualify as an "emerging growth company" under the JOBS Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will not be required to:
Have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;
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Comply with any requirement that may be adopted by the
In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.
We will remain an "emerging growth company" for up to five years, or until the
earliest of (i) the last day of the first fiscal year in which our total annual
gross revenues exceed
OFF-BALANCE SHEET ARRANGEMENTS
We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
LIMITED OPERATING HISTORY; NEED FOR ADDITIONAL CAPITAL
There is no historical financial information about us upon which to base an evaluation of our performance. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.
We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.
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