NT-2112-00010

MR4

SME - GK Aqua Sdn Bhd, Agriculture,

RM 150,000 for 36 month term. RM 150,000 funded

100 % Funded

Is this a Shariah-compliant Investment Note? / Adakah ianya Nota Pelaburan patuh Syariah?

Yes

Who is the Issuer and what does the business do?

Our business focussed on Freshwater Prawn breeding Biotechnology and based in Bukit Pelanduk. Our customers are our contract farmers and the retail seafood business operators. We produce all-male Udang Galah prawn babies which has higher growth rate and supply to our contract farmers and buy back from them after four month. This final product we sell to B2C via our e-commerce page and also B2B seafood retailers.

Who is the owner / key person(s) in the business?

The Founder and CEO of the business is Giva Kuppusamy who is the leading biotechnology expert in freshwater prawn Biotechnology in the region. He has 15 years of R&D and business development. GK AQUA has 20 staff currently and expect to grow by 40 by end of 2022. Once Malaysia was the pioneer in freshwater prawn breeding in 1960 but today, we import almost 90% of freshwater prawn. This problem statement is what GK AQUA trying to achieve in next 4 years to produce 3000 MT of prawns for local consumption.

What are their future plans?

Our plan to expand the business vertically with more value added technology in the area of Aquaculture and to get Listed in KLSE in next 4 years.

What has been their annual sales turnover?

Our business turnover for 2021 is 1.3 million with expected profit of 400,000 ringgit. Pandemic caused drop in sales by 60%

Number of years in business?

5 years

How would the Issuer utilise the funds raised on the platform?

The funds will be utilised to build our marketing team and resource required to expand our digital marketing capabilities.

The rationale behind the Issuer's Credit Risk Score - microLEAP's Comments

N/A

Credit Ratings

MR4

Medium Risk 4

This Investment Note pays a medium-low Interest Rate and has a medium-low Risk of Default.
It has a medium-strong Credit Quality due to average to good cashflow and average to good Debt Service Ratio.
.

LR1

Low Risk 1

This Investment Note pays the lowest Interest Rate and has the lowest Risk of Default.
It has the strongest Credit Quality due to very high cashflow and very low Debt Service Ratio.

LR2

Low Risk 2

This Investment Note pays a lower Interest Rate and has a lower Risk of Default.
It has a stronger Credit Quality due to high cashflow and low Debt Service Ratio.

LR3

Low Risk 3

This Investment Note pays a low Interest Rate and has a low Risk of Default.
It has a strong Credit Quality due to good cashflow and good Debt Service Ratio.

MR4

Medium Risk 4

MR5

Medium Risk 5

This Investment Note pays a medium Interest Rate and has a medium Risk of Default.
It has a medium Credit Quality due to average cashflow and average Debt Service Ratio.

MR6

Medium Risk 6

This Investment Note pays a medium-high Interest Rate and has a medium-high Risk of Default.
It has a medium-weak Credit Quality due to below average cashflow and above average Debt Service Ratio.

MR7

Medium Risk 7

This Investment Note pays an upper-medium Interest Rate and has an upper-medium Risk of Default.
It has a lower-medium Credit Quality due to average to low cashflow and average to high Debt Service Ratio.

HR8

High Risk 8

This Investment Note pays a high Interest Rate and has a high Risk of Default.
It has a weak Credit Quality due to low cashflow and high Debt Service Ratio.

HR9

High Risk 9

This Investment Note pays a higher Interest Rate and has a higher Risk of Default.
It has a weaker Credit Quality due to lower cashflow and higher Debt Service Ratio.

HR10

High Risk 10

This Investment Note pays the highest Interest Rate and has the highest Risk of Default.
It has the weakest Credit Quality due to very low cashflow and very unhealthy Debt Service Ratio.