Edugat - Accelerating Path To Higher EducationEducation & Edtechedugat.com |
Min Target |
MYR 300,000 |
Max Target |
MYR 500,000 |
Min Equity |
9.57% |
Max Equity |
15.00% |
No. Of Investor |
11 |
Price Per Share |
MYR 19.83 |
Notify me for future raise
There is not enough support and assistance when it comes to tertiary education in under-promoted countries such as New Zealand because the majority of education consultants place more emphasis on more popular destinations such as the US, UK and Australia. Although migration profile generated by UNICEF of Malaysia has shown a steady growth in migration to first world countries, the strict migration policies in countries like the US, UK and Australia are encouraging students to look at alternatives such as New Zealand.
When it comes to education, New Zealand is perceived as one of the less popular destination choice by most Asian students due to the inaccurate belief that the qualifications obtained are not internationally recognized. This wrong notion has resulted in students not considering New Zealand in the past as they are worried that employers would not view the New Zealand education system positively.
THE SOLUTION
Contrary to common perception, tertiary education in New Zealand is internationally recognized. Its education system is highly regarded for its ability to balance academic achievements with skills, producing creative, flexible thinkers who are competent at both practical and theoretical levels. New Zealand education is part of the Lisbon recognition Convention which means its certificates, diplomas and degrees have international recognition.
With the country slowly rising to the top as the preferred destination for higher education, Edugat's primary mission is to assist candidates who are interested to study, work and live in New Zealand. Edugat offers services which will help students with university placement, scholarship assistance, visa application, program and career counselling, travel and accommodation assistance and information on pathways to permanent residency. Edugat also prepares its clients by fostering an understanding of the culture and expectations of studying, working and living in New Zealand through our seminars and orientations.
Having served the student transfer market in the last 9 months, Edugat has expanded their services to students in Philippines who wish to further their studies in Malaysia. Edugat understands the difficulties of school leavers in choosing a suitable institution and type of qualification, thus opening alternative placements in Malaysia. Malaysia offers international students quality education at affordable pricing.
In addition, the multicultural community of Malaysia supports the institutions' aim to make its students global citizens. International students are exposed to multiple languages, cultures and traditions.. Malaysia is now ranked the world's 11th most preferred education destination among international students by UNESCO.
"To facilitate and accelerate the path to higher education"
UNIQUE SELLING PROPOSITION
MARKET TRACTION (AS OF MARCH 2017)
NUMBER OF LEADS - 800
Note: This is compiled through seminars conducted in Philippines and Malaysia
CURRENT NUMBER OF STUDENTS BEING PROCESSED - 14
REVENUE MODEL
LIST OF CURRENT UNIVERSITIES AND INSTITUTES
NEW ZEALAND
UNIVERSITIES | INSTITUTE OF TECHNOLOGY AND POLYTECHNICS (ITP) | PRIVATE TRAINING ESTABLISHMENTS (PTE) |
The University of Auckland | Waiariki Bay of Plenty | ACG Yoobee School of Design |
The University of Otago | Waikato Institute of Technology (Wintec) | Ntec Tertiary Group |
University of Canterbury | Unitec Institute of Technology | Computer Power Plus |
Victoria University of Wellington | Otago Polytechnic | Auckland Institute of Studies (AIS) |
Auckland University of Technology | Northland Polytechnic (NorthTec) | Imperial College of New Zealand |
The University of Waikato | Universal College of Learning (UCOL) | New Zealand Management Academies (NZMA) |
Massey University | Whitireia Community Polytechnic | Queens Academic Group (QAG) |
Lincoln University | Wellington Institute of Technology (Weltec) | EDENZ colleges |
Nelson Marlborough Institute of Technology (NMIT) | ||
Manukau Institute of Technology (MIT) |
MALAYSIA
UNIVERSITIES | PRIVATE TRAINING ESTABLISHMENTS (PTE) |
Infrastructure University Kuala Lumpur | Vatel international Business School |
City University | Sky International Academy |
QUALIFICATION
Edugat is currently applying for MSC status
FUNDING OBJECTIVE
Funding amount required: RM 300,000 - RM 500,000
USE OF PROCEEDS
This fund-raising campaign will be used to support operations in UAE and New Zealand to venture into complementary services like immigration. This campaign also gives an opportunity to allow strategic investors on board to fuel future expansion.
The local operations team will support off-ground application process from regional branches as well as on-ground Malaysian students's application and online application. Thus, the company will grow its team from current size of 3 to 6 by hiring a Vice President, an Admin Exec and a Marketing Exec. The marketing budget is allocated for digital advertising, mega education fair on New Zealand's tertiary education and weekly seminars. IT development is to enable use via mobile phone and a comprehensive admin page for agents.
FINANCIAL FORECAST
for the period commencing 1 April 2017 - 31 Mar 2018
('RM) | 2017 | 2018 | 2019 |
Revenue | 1,067,670 | 2,117,760 | 3,266,304 |
Revenue growth | - | 98% | 54% |
Gross profit | 905,760 | 1,883,760 | 2,960,304 |
Gross profit margin | 85% | 89% | 91% |
Operating expenses | 668,028 | 897,576 | 1,084,572 |
Net profit | 237,732 | 986,184 | 1,875,732 |
Net profit margin | 22% | 47% | 57% |
Growth rate | - | 315% | 90% |
MANAGEMENT TEAM
KHARISSA UY BIENES Founder and COO
CHUAH CHEE SHENG Information Technology Director
SITI ZURINA SABARUDIN Non-Executive Director
LOh CHEE KEAT Business Development Manager
CORPORATE INFORMATION AT A GLANCE
NAME OF COMPANY
Edugat Sdn Bhd ("Edugat")
REGISTRATION NUMBER
1189377-K
DATE OF INCORPORATION
30 May 2016
REGISTERED ADDRESS
1st Floor, No. 43 Jalan Nova U5/76, Subang Bestari, Seksyen U5, 40150 Shah Alam, Selangor, Malaysia
BUSINESS ADDRESS
B1-3A-2, Soho Suites KLCC, Jalan Perak 50450 Kuala Lumpur, Malaysia
COMPANY SECRETARY
UBN Associates
AUDITOR
YL CHEE & Co. (AF 0725) Chartered Accountants
WEBSITE URL
BO1-C, Boutique Office 1,
Menara 2, Level 19, 3 Jalan Bangsar KL Eco City, 59200, Kuala Lumpur.
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