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Proposed Saree and Textile Business Piyumi / Dilesha (Partners (Piyumi…
Proposed Saree and Textile Business
Piyumi / Dilesha
Partners
Piyumi
Sleeping director while a nominee
by Piyumi act as a director
Dilesha
HJ - For 6 months / Planned exit
Company Account to be opened by 9th August
Name and Label Sizes to be finalized by Piyumi and Diesha
Profit to be split between piyumi and Dilesha while ownership may involve HJ and subjected to discussion ????? the exit plan by HJ
Financing
Initial 1 million / to be recovered on the basis of
20% from each sales profit to cover the capital
Business to be self financed by keeping a profit margin from profit to be split between Piyumi and Dilesha
Local Order Collection
Initial Target order 1000 Units
as proposed by
the Indian counterpart
Free transport
Custom duty reduced to 50 LKR
To be handled by HJ
Initial list of companies to be visited
on 8th and 9th August
Sales
Direct Supply / Cash on Delivery to be arranged by discussion
Web Portal
Web address to be decided after deciding on the name for the business
Delivery on two or three particular days in the week for online orders - This could be private Delivery or through courier
Find out opportunities in Gampaha / Kandana areas
Indian Partner Suggested
a ladies Jeans brand
Initial Label to start a brand
Establish a store in a commercial area
Supply will be from India
Initial General tasks
Order Catalog and prices - HJ
Name and labels - Piyumi and Dilesha
Order collection - 8th and 9th
22nd visit Nalli Sarees
Company Account set up / Agreements - 9th Aug
Launch of Business - Before the end August