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.
SME - Mepro Marketing Sdn. Bhd. , Trading,
RM 500,000 for 36 month term. RM 500,000 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?
Mepro Marketing Sdn Bhd primary activity has been in the Marketing of souvenirs and premium products. The company is now diversifying into the marketing, distribution and production of eco bricks made from fly ash - used for the construction of buildings and road infrastructure.
Who is the owner / key person(s) in the business?
Mepro Marketing Sdn Bhd established since 1981, 41 years in the industry. Dato' Lee Chung Han is the newly appointed Director of Mepro Marketing. He was formerly the CFO/Director of Tune Group and Special Assistant of Tan Sri Tony Fernandes, Group CEO of Air Asia. Dato' Lee Chung Han is responsible in establishing the new business direction for Mepro Marketing Sdn Bhd in the marketing, distribution and production of eco bricks.
What are their future plans?
Mepro Marketing Sdn Bhd has been appointed the State Partner of Shence International Holdings Sdn Bhd, a company involved in the import, manufacture and distribution of eco-friendly bricks made from fly ash. This project is supported by the Prime Minister of Malaysia. The plan is to set up a eco brick factory in Terengganu and to provide eco bricks for the constructing and road building industry.
What has been their annual sales turnover?
The company was able to generate a turnover of RM525,660 for 2021, in this challenging Covid 19 pandemic period. The new fly ash/eco brick business is expected to generate a minimum profit of about RM5-6m per annum.
Number of years in business?
Incorporated in 1981, Mepro Marketing has now been 41 years in this industry.
How would the Issuer utilise the funds raised on the platform?
The fund raised will be use to embark on the company's new business plans in the marketing, distribution and production of eco bricks from fly ash, that can be used in the construction and infrastructure sector.
The rationale behind the Issuer's Credit Risk Score - microLEAP's Comments
N/A
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.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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.