EMGOLD M Plan

BUSINESS PROPOSAL
MRKD
JEWELLERY TRADING LLC
PHONE NUMBER : +971563858350

EMAIL :[email protected]
Executive Summary
The proposed company is engaged in the business of traders,
wholesalers, importers and exporters of precious metals,
precious stones and jewellery made of gold, silver, platinum and
diamond.
The proposed company having its representative offices in India
and United Arab Emirates.
Importing gold into the UAE

The UAE is one of the major importers and re-exporters of gold
and jewellery, in part because there is no import duty tax or
value added tax on gold bars brought into the country.
Dubai is simply the most well-organised, regulated and most
competitive market in the world for gold bullion and gold
jewellery. That's the reason why Dubai is known as the City of
Gold. It's a very laissez-faire, entrepreneurial place.
There are no restrictions on how much gold can bring in and
there are no restrictions on the amount can take out, either as
bars or jewellery. However, there are regulations.
The Federal Tax Authority charges 5 per cent import duty on
gold jewellery, although if the jewellery is imported for re-
export then no customs duty needs to be paid.
This occurs in the UAE because the country is a hub for the rest
of the Middle East, and some jewellery is imported and re-
exported to countries around the region.
Gold jewellery also attracts 5 per cent value added tax, although
when retailers sell the items to their customers, this VAT is
passed on to them.
According to World Gold Council, UAE significantly increased
its gold reserves in the year 2020 and has become the world’s
third largest buyer of the yellow metal.
As late as 1996, the UAE did not even appear among the
world’s top one hundred gold-importing countries. Now, two
decades later, UAE ranked among the top four, above Hong
Kong and the United States of America.UAE has a total of
eleven gold refineries with a majority located in Dubai.
Company Overview
The proposed company name is registered with Dubai Economic
department ( DED ) as M R K D jewellery trading LLC. It is
having a commercial license for the activities of jewellery
trading, pearls & precious stones trading and non manufactured
precious metal trading in the mainland of Dubai. The company
is approved by Security Industry Regulatory Agency for video
guard monitoring and surveillance systems.
Management
Rajeshkumar Dasan – Managing Director and founder of the
proposed company.
Funding Requirement and Use of Funds

The proposed company is looking for an investment of
1,000,000 USD to import, mint and supply gold bullion bars all
over UAE.
With this modest investment the proposed company will achieve
its projected sales targets within first twelve months of
operations.
Gold Minting / Import - 850,000 USD

Working Capital Reserve - 150,000 USD
Total - 1,000,000 USD
For Investors
The guaranteed return on investment will be 15% per annum
for the investors.
2 years UAE residence visa can be provided with equity shares.
Strategic Alliances
The proposed company has an alliance with gold refineries in
UAE and small-scale gold mines in African countries to procure
the gold bullion and gold dore bars.
The company will have an account with gold refineries in UAE
for refining, assaying and custom minting and appoint a
distributor in gold souk to distribute our products.
The company will tie up Transguard, Brinks or G4S for customs
clearance and transport of gold bars.
Products / Services
Gold bullion bars of 10 grams, 100 grams, TT bars and 1 kilo
bars.
Vendors
Emirates gold refinery, Dubai, UAE – Gold Bullion Bars
PAMP, Switzerland – Gold Bullion Bars
Ethihad Gold Refinery, Dubai – Gold bullion bars
Regalia gold trading LLC - Distributors
Staffing
We are planning to hire 5 – 8 people over the next two years for
accounting, office administration, sales and marketing, etc.
Market Segment / Client Base
Dubai's gold trade grew during the 1980s after the introduction
of free trade policies, which encouraged traders from
neighboring countries to establish stores in the city.
Jewellery is one of the top 5 contributors to the UAE economy.
The jewellery industry is also a catalyst in driving tourism –the
conventional & contemporary gold souks are a great attraction
with their range of branded and local jewellery at the best
quality and prices. Dubai has over 1000 active jewellery traders
which include retail, wholesale, distribution, bullion,
manufacturing etc.
Our market segment includes jewellery traders, jewellery
manufacturers, Bullion traders, gold refineries, etc. We are
planning to supply our products through wholesale jewellery&
bullion traders and precious metal traders in UAE and all over
GCC.
Financial Plan
The proposed company is planning to import / mint 10kg – 15kg
of gold on monthly basis in the form of bullion / gold Dore bars
and distribute / refine it in Dubai for local sales. We will
increase the quantity according to sales forecast and market
requirements. The sales forecast and profit projections are made
in three-year term as per the current market prices in UAE.
Profit and Loss Projection ( $USD )
MRKD JEWELLERY TRADING LLC
2024 2025 2026
Sales 9750000 16250000 22750000

Cost of goods Sold (COGS) 9450000 15750000 22050000
Gross Profit 300000 500000 700000
Operating Expenses
Rent 14000 14000 15000
Visa Expenses 4000 2000 6000
License Renewal 15000 15000 15000
Administrative Expenses 5000 5000 5000
Salary 10000 20000 30000
Advertising 5000 5000 10000
Transportation 5000 5000 10000
Packaging 5000 5000 8000
Marketing 5000 5000 10000
Communication 2000 3000 3000
Utilities 2000 3000 3000
Insurance 1000 2000 2000
Customs 5000 8000 10000
Refinery Expenses 5000 8000 10000
Maintenance 2000 3000 3000
SIRA & CCTV expenses 5000 5000 5000
Other expense (specify) 0 0 0
Total Expenses 90000 108000 145000
Net Profit Before Tax 210000 392000 555000

Corporate Tax 9% 18900 26280 40950
Net Profit After Tax 191100 365720 514050
Dividends 0
Adj. to Retained Earnings 191100 365720 514050

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BUSINESS PROPOSAL

PHONE NUMBER : +971563858350

Importing gold into the UAE

Funding Requirement and Use of Funds

Gold Minting / Import - 850,000 USD

2024 2025 2026

Sales 9750000 16250000 22750000

Net Profit Before Tax 210000 392000 555000

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