Company profile
Contact details
Solar Express Trading 43 cc was registered in 2005 under registration number 2005/148311/23 . I am the principle share holder of the company holding 100% membership. The concept of entering into the transportation sector was well investigated by a mutual friend and my future partner. Conclusion was reached that there are very few or innovative participation from black women in the economical enterprise and opportunity presented itself to me. As a 35 year old colored woman from a disadvantaged background I felt that I could make a difference and was introduced to this industry through a mutual friend who has been in the transport sector for almost 23 years. He obtained three signed sub-contracts through relationship from his contacts as a truck driver in 2006.
I then had a business plan dr ...awn up with projected cash flow and profit / loss projection schedules to get started. I then went to SARS (The South African Revenue Service) to get a tax certificate and all relevant compliance documents in place. Being unemployed at the time when the company was registered I became pregnant. Still not able to get a job I approached various financial institutes and even started looking for investors to invest in my plan but was declined due to the fact that I have no assets or surety.
I was informed by the banks that I cannot get finance as I was going to sub-contract for the said companies and that I needed direct contracts in order for them to even look at my business plan.
Solar Express Trading 43 cc mission is to provide professional and effective management services in the transport / logistics sector. We also wish to maintain the highest level of customer satisfaction and to become a total tailored logistics and transport service provider in our community and South Africa.
Being told that I do not have a chance making it in this business sector and it being highly risky and as a woman that made me even more determined to succeed. I have been trying for the last two years since the company was registered to get assistance. My socio-economic benefit will be to create jobs for families and to the people working with me and to ensure that poverty is alleviate in my community. I will also inform all relevant group companies in my area about my business to ensure fair and uncompromising trade in the community.
2.Purpose of required funding
We require start-up capital in order to get the required aids such as trucks and trailers and our strategy is to consolidate its excellent customer and client service by making on time deliveries, hiring the best drivers and having competitive pricing structure to solicit more business in order for our company to grow. Trucks and Trailers will be leased for the first ( 2) years of operations and a mechanical contract annually will be entered into with the truck company to reduce the risk of using second-hand machinery. There are a number of regulations and cost involved to obtain the trading of my business and without funds this will affect our business sector and failing to comply will affect my business as a whole. We will comply with regulation as licenses and permits are required in order to operate effectively and we will apply with the local government and national departments to ensure we are compliant.
We will operate the business from home until we are able to purchase a warehouse to run our offices from as I stay with my parents I cannot take business rights on their property and will utilize the funds acquired to look for premises to run the business.
3.Valuation of Business
Solar Express Trading 43 cc has not trade since 2005 and therefore we are still a start-up venture.
4.Product and Services
Solar Express Training 43 cc will provide the trucking industry transportation services for persons or companies looking to haul heavy dry cargo. In addition to contracting with other companies, Solar Express Trading 43 cc will provide transport to farmers who want to transport their agricultural products from farms to urban areas. This service will be provided to the whole of Gauteng as the company expands. Solar Express Trading 43 cc hopes to expand from this base area within the first five years of plan implementation.
5.Industry Analysis
There are several potential customer segments that we will provide our transportation services to. Major customer segments include PC and Semiconductor manufacturers and retailers wanting to transport different types of goods. Large established companies in the food industry have their own fleet of trucks, while smaller players outsource the transport function. The latter vary in the scale of their operations, but have a steady demand fro reliable transport solutions. Solar Express Trading 43 cc will actively solicit such customers.
6. Target Market analysis
Solar Express Trading 43 cc will focus its marketing budget on a selected industry niche. A narrow served market focus will strengthen the companys reputation as a reliable transportation services provider and will generate favorable referrals. The major target market will be to break into the dry cargo segment as large established companies will be a major stumble block for Solar Express Trading 43 cc, but we are will and able to take on any challenge if given the opportunity. We will be using the following channels to ensure we use the correct networking system: Television, radio, sales associates and mailing.
7. Competitors Analysis
Solar Express Trading 43 cc will have a major competitive advantage with the five year sub-contracts we signed. This ensures constant cash flow. Our quality services will provide customers with prompt and dependable services. As Solar Express Trading 43 cc will have a reputation for timely deliveries and professional staff and drivers. Competitive rates by having low cost inputs.
8.Supplier Analysis
The pricing structure that we will adopt will be attractive. We will be able to charge competitive rates and have minimal overheads as compared to our competition already in the market/ sectors. We will maintain dependable and safe handling of packaging to ensure no damage to customers cargo.
9.Operational Analysis
Solar Express Trading 43 cc will have an Operations Manager who will ensure that execution of deliveries to optimum utilization from a service delivery perspective without compacting adversely on the drivers i.e. fatigue or burn out. We need to acquire at least three trucks and trailers to service our potential customers. However being a new venture we will start off with one vehicle to operate and raise capital to purchase the required vehicles. A (2) two crew operation will mitigate the risk to our customers from a safety perspective position as well to provide reliable and sustainable services to our valued customers. Ensuring proper maintenance of vehicles, road worthiness and up keep of tools and emergency safety equipment are regularly checked and serviced.
10. Management and Human Resources
The companys management structure is minimal at present in order to reduce overheads. Being the majority shareholder and owner of the business, all executive decisions will be made by me. We will employ various staff upon trading in the first 3 months of operations in order to complete a structure that will ensure the running of the day-to-day and updating of our database. Upon the employment process we will ensure we comply with the department of labor by complying with their basic guide to pay slips and deductions
11.Summary of all internal and external risks
Solar Express Trading 43 cc recognizes that we are subjected to both market and industry risks. We will mainly focus on contracting with other companies. This position is favorable since the host companies have a long history of good performance. Any slow down on business activities in any of these companies would have a negative repercussion for Solar Express Trading 43 cc.
Operation risks: We are aware of the inherent risk in transporting cargo and any damage to cargo may undermine the profitability of the company. To reduce this risk the company will maintain all necessary insurance.
12. Socio- economic benefits
The transport industry remain highly fragmented therefore Solar Express Trading 43 cc will ensure we carry out or social responsibility to help and develop the skills of its employees and those who we will create jobs for. May it be on education, health and skills development we will give back to the communities To promote sustainability in South Africa.
13.Financial/ cash flow analysis
Projected schedules attached outlining our potential income and expenditure Read more
I then had a business plan dr ...awn up with projected cash flow and profit / loss projection schedules to get started. I then went to SARS (The South African Revenue Service) to get a tax certificate and all relevant compliance documents in place. Being unemployed at the time when the company was registered I became pregnant. Still not able to get a job I approached various financial institutes and even started looking for investors to invest in my plan but was declined due to the fact that I have no assets or surety.
I was informed by the banks that I cannot get finance as I was going to sub-contract for the said companies and that I needed direct contracts in order for them to even look at my business plan.
Solar Express Trading 43 cc mission is to provide professional and effective management services in the transport / logistics sector. We also wish to maintain the highest level of customer satisfaction and to become a total tailored logistics and transport service provider in our community and South Africa.
Being told that I do not have a chance making it in this business sector and it being highly risky and as a woman that made me even more determined to succeed. I have been trying for the last two years since the company was registered to get assistance. My socio-economic benefit will be to create jobs for families and to the people working with me and to ensure that poverty is alleviate in my community. I will also inform all relevant group companies in my area about my business to ensure fair and uncompromising trade in the community.
2.Purpose of required funding
We require start-up capital in order to get the required aids such as trucks and trailers and our strategy is to consolidate its excellent customer and client service by making on time deliveries, hiring the best drivers and having competitive pricing structure to solicit more business in order for our company to grow. Trucks and Trailers will be leased for the first ( 2) years of operations and a mechanical contract annually will be entered into with the truck company to reduce the risk of using second-hand machinery. There are a number of regulations and cost involved to obtain the trading of my business and without funds this will affect our business sector and failing to comply will affect my business as a whole. We will comply with regulation as licenses and permits are required in order to operate effectively and we will apply with the local government and national departments to ensure we are compliant.
We will operate the business from home until we are able to purchase a warehouse to run our offices from as I stay with my parents I cannot take business rights on their property and will utilize the funds acquired to look for premises to run the business.
3.Valuation of Business
Solar Express Trading 43 cc has not trade since 2005 and therefore we are still a start-up venture.
4.Product and Services
Solar Express Training 43 cc will provide the trucking industry transportation services for persons or companies looking to haul heavy dry cargo. In addition to contracting with other companies, Solar Express Trading 43 cc will provide transport to farmers who want to transport their agricultural products from farms to urban areas. This service will be provided to the whole of Gauteng as the company expands. Solar Express Trading 43 cc hopes to expand from this base area within the first five years of plan implementation.
5.Industry Analysis
There are several potential customer segments that we will provide our transportation services to. Major customer segments include PC and Semiconductor manufacturers and retailers wanting to transport different types of goods. Large established companies in the food industry have their own fleet of trucks, while smaller players outsource the transport function. The latter vary in the scale of their operations, but have a steady demand fro reliable transport solutions. Solar Express Trading 43 cc will actively solicit such customers.
6. Target Market analysis
Solar Express Trading 43 cc will focus its marketing budget on a selected industry niche. A narrow served market focus will strengthen the companys reputation as a reliable transportation services provider and will generate favorable referrals. The major target market will be to break into the dry cargo segment as large established companies will be a major stumble block for Solar Express Trading 43 cc, but we are will and able to take on any challenge if given the opportunity. We will be using the following channels to ensure we use the correct networking system: Television, radio, sales associates and mailing.
7. Competitors Analysis
Solar Express Trading 43 cc will have a major competitive advantage with the five year sub-contracts we signed. This ensures constant cash flow. Our quality services will provide customers with prompt and dependable services. As Solar Express Trading 43 cc will have a reputation for timely deliveries and professional staff and drivers. Competitive rates by having low cost inputs.
8.Supplier Analysis
The pricing structure that we will adopt will be attractive. We will be able to charge competitive rates and have minimal overheads as compared to our competition already in the market/ sectors. We will maintain dependable and safe handling of packaging to ensure no damage to customers cargo.
9.Operational Analysis
Solar Express Trading 43 cc will have an Operations Manager who will ensure that execution of deliveries to optimum utilization from a service delivery perspective without compacting adversely on the drivers i.e. fatigue or burn out. We need to acquire at least three trucks and trailers to service our potential customers. However being a new venture we will start off with one vehicle to operate and raise capital to purchase the required vehicles. A (2) two crew operation will mitigate the risk to our customers from a safety perspective position as well to provide reliable and sustainable services to our valued customers. Ensuring proper maintenance of vehicles, road worthiness and up keep of tools and emergency safety equipment are regularly checked and serviced.
10. Management and Human Resources
The companys management structure is minimal at present in order to reduce overheads. Being the majority shareholder and owner of the business, all executive decisions will be made by me. We will employ various staff upon trading in the first 3 months of operations in order to complete a structure that will ensure the running of the day-to-day and updating of our database. Upon the employment process we will ensure we comply with the department of labor by complying with their basic guide to pay slips and deductions
11.Summary of all internal and external risks
Solar Express Trading 43 cc recognizes that we are subjected to both market and industry risks. We will mainly focus on contracting with other companies. This position is favorable since the host companies have a long history of good performance. Any slow down on business activities in any of these companies would have a negative repercussion for Solar Express Trading 43 cc.
Operation risks: We are aware of the inherent risk in transporting cargo and any damage to cargo may undermine the profitability of the company. To reduce this risk the company will maintain all necessary insurance.
12. Socio- economic benefits
The transport industry remain highly fragmented therefore Solar Express Trading 43 cc will ensure we carry out or social responsibility to help and develop the skills of its employees and those who we will create jobs for. May it be on education, health and skills development we will give back to the communities To promote sustainability in South Africa.
13.Financial/ cash flow analysis
Projected schedules attached outlining our potential income and expenditure Read more
Type of transport
- Road Transport
Category
- Transport Trucks
- Transport Fuels