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NT-1907-00001

NT-1907-00001

c
LR3

Accumax Translation Service, Services

RM 50,000 for 24 month term.

0% Funded

Who is the Issuer and what does the business do?

We provide document translation services to our clients. The types of documents that we translate include but are not limited to resumes/CVs, books, personal documents, academic documents, letters/notes, articles, manuals, corporate materials, and subtitles. We help our clients translate these documents from Bahasa Malaysia to English, Bahasa Malaysia to Chinese, Chinese to Bahasa Malaysia, Chinese to English, English to Bahasa Malaysia, and English to Chinese. Most of our clients are from Malaysia and Singapore, but we do have some clients from China and Taiwan too. As this is an online-based business and majority of our clients approach us through SocMed, we are working from home for the time being. We are based in Petaling Jaya, Selangor.

Our website: https://accumaxtranslation.wixsite.com/home

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

Sole director and shareholder had been working as a freelance translator from 2012-2017 before he started his own translation business.

We have 5 workers including the director. All the translators’ language proficiency and attitudes at work had been strictly evaluated before they were accepted.

What are their future plans?

We are going to rent an office in either Petaling Jaya or Subang Jaya so that our translators can work together at the same place and be more productive. We also have plans on engaging potential clients from other ASEAN member states in the next two years. More languages will be added to our translation service.

What has been their annual sales turnover?

Our revenue last year was around RM150k.

Total revenue from January 2019 – June 2019 is RM106k while the projected revenue for July 2019 – December 2019 is RM153k (RM25.5k per month). The revenue will be 20% – 25% higher than our projection if we manage to reach an agreement with some prospective clients and to successfully expand our business. Total revenue in 2019 is expected to be around RM260k.

Number of years in business?

The business was started in February 2018 but registered only in November 2018.

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

The funds will be used for the following purposes:

1. Rental of a new office
2. Minor renovation of the new office
3. Purchase of computers and other facilities in the office
4. Transition of freelancer translators to full-time employees
5. Hiring of up to two additional full-time translators
6. Leftover funds will be kept as cash reserve

The rationale behind the Issuer's Credit Risk Score

Though this is a start-up, this Investment Note has a low Risk of Default due to it’s strong credit quality, good cashflow and reasonable debt service ratio. The Issuer has healthy cash reserves, evidenced by evaluating its bank account statements, and has a steady stream of business coming in.

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Rate of Returns
10.5% p.a
Total Gross Return on Investment
-

Cancelled Note

Credit Ratings
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.

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

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.
.

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.