Operating results for the three months ended
As used in this Form 10-Q, references to the Company," "we," "our" or "us" refer
to
Forward-Looking Statements
Our Form 10 contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and such statements are intended to enjoy the benefit of that act. Unless the context is otherwise, we use words such as "anticipate", "assumption", " believe", "could", "estimate", "expect", "forecast", "intend", "may", "objective", "outlook", "plan" and "plans", "potential", "predict", project" and "projection", "seek", "should", "will continue", "will result" and "would", or other such words, whether nouns or pronouns and verbs or adverbs in the future tense and words and phrases that convey similar meaning and uncertainty of and information about future events or outcomes and statements about performance that is not an historical fact to identify these forward-looking statements. Such words and statements involve estimates, assumptions and uncertainties, which could cause actual results to differ materially from those expressed in them. Any forward-looking statements are qualified in their entirety by reference to the factors discussed throughout this document. All forward-looking statements concerning economic conditions, rates of growth, rates of income or values as may be included in this document are based on information available to us on the dates noted, and we assume no obligation to update any such forward-looking statements. It is important to note that our actual results may differ materially from those anticipated in such forward-looking statements due to fluctuations in interest rates, inflation, government regulations, economic conditions and competitive product and pricing pressures in the geographic and business areas in which we conduct operations, including our plans, objectives, expectations and intentions and other factors discussed elsewhere in this registration statement.
There are a number of important factors beyond our control that could cause actual results to differ materially from the results anticipated by these forward-looking statements. While we make these forward-looking statements based on our beliefs and on various factors and using numerous assumptions using information available at the time we make these statements. Forward-looking statements are neither predictions nor guaranties of future events or circumstances, and the assumptions, beliefs, expectations, forecasts and projections about future events may differ materially from actual results. You have no assurance the factors and assumptions we have used as a basis for forward-looking statements will prove to be materially accurate when the events they anticipate actually occur in the future; and, you should not place undue reliance on any such forward-looking statements. We undertake no obligation to publicly update any forward-looking statement to reflect developments occurring after the date of this registration statement.
Business Overview
Mr. Guzii founded us to engage in real estate management and consulting,
maintenance and rehabilitation, construction equipment rental business in
We are committed to expanding the scope of services offered. We will offer
rehabilitation of properties with equipment rental services useful in
appropriate maintenance and repair. For Protel Management, we provide real
estate management in
The services we provide include identifying suitable opportunities for future
real estate development and construction, oversight of development and
construction of real estate managed by Protel Management, and the management of
residential and commercial real estate, represented by Protel Management to
consumers residing in and outside of
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Since our inception we have engaged in the following significant operating activities:
Company set up: a. Incorporate company in state ofNevada b. Set up main executive office inUkraine c. Open up bank account for the company
Secured initial capital by a contribution from our founder, Chief Executive Officer and Director Commenced significant other operational activities, such as:
a. Have researched and identified potential clients
b. Have arranged for and met with various potential clients
c. Have drafted and began production of various marketing materials
As of the date of this form, we have written agreements for our services with:
The services what we contribute to Protel Management include: Manage the property, find the tenants for lease, assist work directly with tenants about make the payments in time, handling maintenance, watch that all equipment's as: elevators, fire and gas alarms, sewerage, phone lines, refrigerators, etc., work properly. If repair is required, then contact with services to fix it. Below we provide 3 months -to-3 months comparisons:
For the 1st quarter of 2020$ 1,530 For the 1st quarter of 2019$ 1,590
We provide long term rental of construction equipment to firm Markus. This equipment includes:
Scaffoldings and Rafters for outside and inside work. Technically this equipment
uses all year around, but more in demand in warm weather, therefore in January
and
We don't have insurance to cover accidental damage but our agreement with firm
Markus obligates them to pay the collateral value of
For the 1st quarter of 2020$ 1,000 For the 1st quarter of 2019$ 500 Liquidity
We don't know about trends or any demands, commitments, events or uncertainties that will result to our liquidity increasing or decreasing in any material way. Our cash
Capital resources
We have fixed assets on our balance: Construction equipment net of depreciation
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Results of Operations for the three months period ended
For the three months period ended
For the three months period ended
For the three months period ended
For the three months period ended
Our cash balances were not sufficient to fund our limited levels of operations
for any period of time without further revenue or proceeds. In order to
implement our plan of operations in the next twelve months, we need to raise
At the present time, we have not made any arrangements to raise additional cash. If we unable to raise additional cash, we will either have to suspend operations until we do raise the cash, or cease operations entirely.
During start up period, our operations will be limited due to the limited amount of funds on hand. Our specific goal is to profitably market and rent our construction equipment and sell related property management and property rehabilitation services.
Liquidity and Capital Resources at
Cash$ 672 Total liabilities and stockholders' equity$ 19,422 Going Concern Consideration
While management of the Company believes that the Company will be successful in
its planned operating activities, there can be no assurance that the Company
will be successful in the development this business or services that will
generate sufficient revenues to earn a profit and sustain the operations of the
Company. The accompanying financial statements have been prepared in conformity
with accounting principles generally accepted in
Liquidity and Capital Resources
As of
We have fixed assets on our balance total 18,750, Scaffolding and Rafters.
Off Balance Sheet Arrangements
None 12
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