KEEMO Fashion Group Ltd Files 2024 10-K

TL;DR

KEEMO Fashion Group Ltd filed its 2024 10-K. Check financials.

AI Summary

KEEMO Fashion Group Ltd filed its 10-K for the fiscal year ending July 31, 2024. The company, incorporated in Nevada, operates in the wholesale apparel sector from its base in Guangdong, China. The filing details its financial performance and business operations for the period.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of KEEMO Fashion Group Ltd's financial health and operational status for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing is a standard 10-K, but the company's specific financial performance and market position are not detailed in the provided text, requiring further analysis.

Key Numbers

• 2024-07-31 — Fiscal Year End (End date of the reporting period)
• 2024-10-10 — Filing Date (Date the 10-K was filed with the SEC)

Key Players & Entities

• KEEMO Fashion Group Ltd (company) — Filer of the 10-K
• 0731 (date) — Fiscal year end date
• 2024 (date) — Fiscal year
• NV (state) — State of incorporation
• Guangdong (location) — City of business address

FAQ

Key Financial Figures

• $0 — " refers to the common stock, par value $0.001, of the Company; "U.S. dollar," "
• $5.00 — ty that has a market price of less than $5.00 per share. Our Common Stock, when and i
• $1,000,000 — enerally those with assets in excess of $1,000,000, or annual incomes exceeding $200,000 i
• $200,000 — $1,000,000, or annual incomes exceeding $200,000 individually, or $300,000, together wit
• $300,000 — mes exceeding $200,000 individually, or $300,000, together with their spouse). For tra
• $0.001 — f the Company's common stock, par value $0.001 per share. The Company filed a Certific
• $19,421 — na. Our cash and cash equivalents are $19,421 as of July 31, 2024. Our cash balance i
• $42,275 — 024, the Company incurred a net loss of $42,275 and used cash in operating activities o
• $9,322 — nd used cash in operating activities of $9,322 and borrowed $29,514 from our director.
• $29,514 — ating activities of $9,322 and borrowed $29,514 from our director. These conditions rai

Filing Documents

• form10-k.htm (10-K) — 812KB
• ex31-1.htm (EX-31.1) — 17KB
• ex32-1.htm (EX-32.1) — 9KB
• form10-k_001.jpg (GRAPHIC) — 50KB
• 0001493152-24-040685.txt ( ) — 4110KB
• kfgl-20240731.xsd (EX-101.SCH) — 26KB
• kfgl-20240731_cal.xml (EX-101.CAL) — 37KB
• kfgl-20240731_def.xml (EX-101.DEF) — 76KB
• kfgl-20240731_lab.xml (EX-101.LAB) — 214KB
• kfgl-20240731_pre.xml (EX-101.PRE) — 191KB
• form10-k_htm.xml (XML) — 623KB

Business

Business 4 Item 1A. Risk Factors 7 Item 1B. Unresolved Staff Comments 7 Item 2. Description of property 7 Item 3. Legal Proceedings 7 Item 4. Mine Safety Disclosures 7 PART II Item 5. Market for Registrant's Common Equity and Related Stockholder Matters 8 Item 6. Selected Financial Data 9 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 9 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 12 Item 8. Financial 12 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 12 Item 9A. Controls and Procedures 12 Item 9B. Other Information 14 PART III Item 10. Directors, Executive Officers and Corporate Governance 15 Item 11. Executive Compensation 17 Item 12. Security 18 Item 13. Certain Relationships and Related Transactions, and Director Independence 18 Item 14. Principal Accounting Fees and Services 19 PART IV Item 15. Exhibits and Financial Statement Schedules 20 Item 16. Form 10-K Summary 20

SIGNATURES

SIGNATURES 21 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements. These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as "anticipate," "expect," "intend," "plan," "believe," "foresee," "estimate" and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantee of future performance and are actual results to differ materially from those expressed or forecasted. These risks and uncertainties include the following: The availability and adequacy of our cash flow to meet our requirements; Economic, competitive, demographic, business and other conditions in our local and regional markets; Changes or developments in laws, regulations or taxes in our industry; Actions taken or omitted to be taken by third parties including our suppliers and competitors, as well as legislative, regulatory, judicial and other governmental authorities; Competition in our industry; The loss of or failure to obtain any license or permit necessary or desirable in the operation of our business; Changes in our business strategy, capital improvements or development plans; The availability of additional capital to support capital improvements and development; and Other risks identified in this report and in our other filings with the Securities and Exchange Commission or the SEC. This report should be read completely and with the understanding that actual future results may be materially different from what we expect. The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report

Business

Business Model The Company currently primarily sources mid-priced women's semi-formal apparel, which the company believes potentially has a higher gross profit margin compared to low-priced apparel. Inventory is presently selected at the discretion of our sole officer and director, and based upon recommendations from the suppliers regarding the latest fashion trends and styles, as well as what types of clothing are currently the most sought after by consumers. The Company also performs internal analysis to compare the profit margins of various types of clothing and, accordingly, seeks to primarily acquire inventory that has the greatest profit margin. At present, when identifying potential customers, the Company targets small size apparel retailers, especially home-based e-commerce retailers. In the opinion of the Company's sole officer and director, this market is easier to penetrate as our officer and director believes that many small size apparel retailers are just side or part time businesses for the business owner. As such, the business owners might face the problem of lack of capacity to arrange the logistics and filter the correct apparel in term of trend and quality. The Company adopts what is commonly referred to as a virtual network business structure, as the Company only maintains internal procurement, sales, marketing, operational, accounting and finance functions, whereby the Company relies on suppliers for other crucial function such as production and packaging, storage, courier inward and outward, etc. However, in some instances the Company does take physical possession of inventory. In most cases, the Company purchases inventory from the suppliers, and this inventory is then held at the supplier's warehouse, although the product is owned by the Company at this time, and delivery from the warehouse is arranged by the Company through a courier service. In some instances, the Company will take possession of the inventory and store apparel at the C

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View this 10-K filing on SEC EDGAR