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NT-1908-00006

NT-1908-00006

c
MR4

Town & Country Design, Services

RM 30,000 for 30 month term. RM 650 funded

2% Funded

Who is the Issuer and what does the business do?

Town & Country Design is based in Damansara Utama, Petaling Jaya. We are an interior designing and renovation company. We do mainly residential businesses. We specialize in furnishing, renovation and all interior and exterior to our customers residential property. We have only 1 branch at the moment.

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

Town & Country Design is fully owned by Terrence Law and has been in this industry for 9 years. He normally subs out the renovation work to his contractors. and he has 2 sewers and 3 installers.

Terrence started this business as a subcontractor for 7 years and most of his job is with town & country design. And he took the opportunity to take over the company when the previous owner decided to retire.

What are their future plans?

Looking to expand to Penang, Johor and also East Malaysia in two to three years.

What has been their annual sales turnover?

RM300,000 + annual sales turnover.

Number of years in business?

Town & country have been in this industry for more than 20 years. Took over as CEO for the past 1 year 4 months

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

For working capital, in particular for a house renovation project in TTDI.

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

Issuer has an MR4 (Medium Risk 4) rating and so it has a medium-strong credit quality and medium-low risk of default. The Issuer has manageable loans and good cash flow to cover it, and so has a good debt service ratio. With their TTDI (Taman Tun) Project, they will have sufficient liquidity to cover their monthly commitments. We are comfortable in the Issuer’s ability to honour its monthly payments.

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Rate of Returns
11% p.a
Total Gross Return on Investment
-


Terms & Conditions Apply

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

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.