! ! Please keep in mind that all descriptions below have been translated automatically from the original language
Project description
To ensure faster growth and more efficient customer service, the funding would be allocated to two main directions:
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Warehouse expansion (30%)
Currently, the primary trading is conducted through an auction system, but in order to increase the number of cars available “on the spot,” it is planned to expand the warehouse inventory. This would allow:-
having more cars physically on site,
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reducing delivery time to customers,
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increasing conversions and sales.
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Working capital supplementation (70%)
Some customers purchase cars through leasing or pay in several stages (deposit + balance upon collection), so the company experiences a financial gap between expenses (car acquisition, transportation, inspection, registration) and revenue realization. This period can last from several weeks to more than a month. Therefore, working capital is necessary to:-
ensure smooth cash flow,
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maintain a constant stock of goods in the warehouse,
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avoid operational disruptions when funds are “tied up” in customer orders.
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Purpose of raising funds
For working capital
