Businesses Seeking Loan

The business is an authorized international distributor of sports accessories and products, offering a wide range of categories including sports footwear, apparel, accessories, nutrition & protein supplements, and jewellery. - Engaged in wholesale, retail distribution, export, and private labeling for various brands, with partnerships established with 200-300 international brands. - The company has secured sponsorship deals with two popular CSK - IPL players who are international cricketers, serving as brand ambassadors, enhancing its brand presence and marketing efforts within the sports industry. - With a workforce of 200 employees, the company procures products directly from manufacturers through both domestic and import channels, ensuring a diverse and high-quality product range for its customers. - The business has a strong market presence, supplying its products to over 10,000 clients through B2B channels across Pan India and GCC countries, catering to retail, wholesale, and export markets. - Additionally, the products are also listed on Amazon, expanding its reach to online consumers. - Currently generating monthly revenue of INR 5-10 lakhs and planning to reach INR 200 Cr+ by the next financial year. - The company holds several registrations and certifications, including MSME, GST, IEC, FSSAI, ISO, GMP, and is also registered under the Start up India initiative.

1. Current portfolio. 1.1 We have 135+ dancers attending 400+ classes; - average number of classes attended per dancer = 3 or more. This is a HIGH average number of classes per dancer because our dancers have the opportunity to do multiple genres with us. 1.2 Pre-covid annual revenue was almost SGD1mil with only 130+ dancers which led to expansion plans with a bigger studio in central Singapore. However, we were severely impacted by covid as we committed to triple our rental expense JUST before covid-closures forced our revenue to drop to only 40% of our usual revenue for 9 months. 1.3 Opportunity to pivot. Since then, we have slowly recovered, but the market has changed substantially. There are now many new ballet schools, & parents are much more willing to invest in training & opportunities to compete. Which is why we need to innovate which leads to our 2-prong expansion plan; A) To draw in pre-school dancers looking for more than just ballet. B) To provide high-quality productions for performers to have an opportunity to perform (instead of just doing exams & competing) Our annual concerts & public performances are reputed to be very high quality & professional. There is also a shortage of performance opportunities for dance-heavy performances in Singapore. We would like to direct our capabilities in this area to regularly produce high quality productions. We tested this 2 years ago and our production was extremely successful. Plse refer to our reason for seeing a loan for more details. 1.4 Our current studios are 2000sq ft + 1100 sq ft. - centrally located in Singapore - good location. 1.5 We have a proven track record of producing top dancers for their age group - 4 (of our original 20+ '1st generation' of dancers) are now pursuing full time careers as dancers. 2. Notable achievements. 2.1 Consistently > 90% Distinctions with our UK based Ballet exams, & > 95% with our Australian based Tap & Jazz exams. 2.2 Since 2013, every year, we win Champion dancer &/or studio for the 2 biggest competitions in Singapore. 2.3 Finalist in Asia's Got Talent season 1 (out of 12,000 acts which auditioned across 12 countries) 2.4 We are considered part of the AXN's Got Talent 'family' - we are always invited to participate in Asia's Got Talent franchise specials considered age- appropriate for our dancers. 2.5 Overseas performance trip to Disneyland / Hollywood Boulevard / Universal Studios in LA. 2.6 Regular public performances to showcase dancers. 3. Brand name. 3.1 Recognised as an industry leader / maverick for always daring to do something different / more to enhance our dancers' experience / journey. 3.2 Strong relationships with other dance schools in Australia & Esplanade due to our reputation.