VANJIA CORP This section of the prospectus includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place an undue certainty on these forward-looking statements, which apply only as of the date of this prospectus. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.
PLAN OF OPERATION
Our plan of operations for the next twelve months is to proceed with the implementation of our business plan.
GOALS PROJECT OUTCOMES
Legal and Accounting Expenses Compliance with financial reporting and internal
controls
Website Design Creation of our corporate website
Civil Engineer or Surveyor's Fees Subdivision of lands
Architect drawings Complete a set of plans for building permits
Project Consultants Quality Control of construction project
Marketing and Promotion Marketing and public awareness activities
Working Capital Office supplies, telephone, postage and other
miscellaneous expenses
ACCOUNTING AND LEGAL EXPENSES- Our estimate these related expenses will range
from $9,800 for the next 12 months. We will be subject to the reporting
requirements of the Securities Exchange Act of 1934, as amended, or the Exchange
Act, and the Sarbanes-Oxley Act of 2002. The Exchange Act requires that we file
annual, quarterly and current reports with respect to our business and financial
condition. The Sarbanes-Oxley Act requires that we maintain effective disclosure
controls and procedures and internal controls for financial reporting.
CREATE OUR CORPORATE WEBSITE- It is part of our business plan to have our
website. A website can convey our corporate images and services to our potential
customers. We believe our estimated cost of $1,250 will be sufficient to cover
our projected expense for website design.
SURVEYOR'S FEES- We are required to obtain surveyors' services related to
subdivision of land. Our estimated cost for a surveyor' services will be $4,500 .
The Planning Commission for the City of Houston is responsible for the review
and approval of application for subdivision of land.
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ARCHITECT DRAWINGS- We are required to obtain several sets of architect drawings
in connection with our proposed construction projects. We estimated the cost for
architect drawings will be $5,000 to$7,500 per year.
PROJECT CONSULTANTS- Once we have obtained the necessary building permits from
the City of Houston , we will be ready to build our residential homes. We will
require to hire project consultants to monitor the quality control of our
construction projects. We intend to spent $6,300 to $12,600 annually for project
consultants.
MARKETING AND PROMOTION- Our staff will distribute our promotional fliers on
foot, spending afternoons knocking on the doors of residences in targeted
neighborhoods, as well as residences already in designated HOPE and Workforce
areas. Speaking with potential buyers directly is the best way to inform and
engage the communities. When speaking to residents, we will explain the Houston
HOPE and Workforce programs, specifically mentioning how these programs can
benefit them as future owners of our new homes and services. We will then
outline in further detail the government assistance option available to them.
The government can offer up to $30,000 for down payments and unlike renting,
home ownership allows one to build up home equity.
The following table shows the projection of our building activities for three
years:
1stYear 2nd Year 3rdyear
milestone milestone milestone
Number of residential homes 2- 3 3-5 homes 5-8 homes
homes
Location of new residential homes Houston ,
Texas Texas Texas
Estimated cost for each milestone $100,000 $200,000 $300,000 LIQUIDITY AND CAPITAL RESOURCES
OnMarch 31, 2021 , our total assets were$769,170 and our total liabilities were$-0 - We expect to raise additional capital through, among other things, the sale of equity or debt securities, private placement offerings, employee stock options plans, and advanced funds from our officer and director. Any deficiencies in general and administrative expenses will be covered from funds by our director and officer. Our officer and director,Tian Su Hua , has agreed to provide us a$1,000,000 line-of-credit at -0- interest. The management believes that an existing$1,000,000 line-of-credit agreement with our officer and director will be sufficient to cover our operational expense for the next twelve months. The residential lot we currently own is large enough to accommodate up to eight homes. We believe that our future expenditures for the second and third years will be covered by revenues generate from sell of new homes and additional offerings for equity or debt securities, private placement offerings, employee options plans and funds from our officer and director.
RESULTS OF OPERATIONS
From
During the period, we have prepared a business plan. Our accumulated loss since
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OFF-BALANCE SHEET ARRANGEMENT
The Company has no material transactions, arrangements, obligations or other relationships with entities or other persons that have or are reasonably likely to have a material current or future impact, changes in financial condition, results of operations, liquidity, capital expenditures, capital resources, or significant components of revenues or expenses.
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