Welcome to microLEAP. Would you like to Raise Funds or Become An Investor?
NT-1908-00007

NT-1908-00007

c
MR5

Jalasamudera Enterprise, Engineering & Construction

RM 15,500 for 36 month term. RM 600 funded

3% Funded

Who is the Issuer and what does the business do?

We are an engineering and construction company based in Shah Alam focused on steelworks on billboards (construction and rectification) and labour supply.

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

Previously, I was working in a marketing and advertising company. The supplier I worked with were mostly fabricators, so I came across this business and started up my own company doing steel work.
Number of staff: 5 –
4 are general workers & welders, another one is personal assistant.

What are their future plans?

We plan to open another outlet and get more staff in the future.

What has been their annual sales turnover?

2018 – RM481k
YTD June 2019 – RM411k

Number of years in business?

I started the business in March 2010 (9 years).

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

I have been awarded 2 billboard construction contracts in July 2019. Funds will be used towards purchasing a forklift, purchasing 2 containers and to renovate the workshop and office.

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

The Issuer has an MR5 (Medium Risk 5) rating and so it has a medium credit quality and medium risk of default. The Issuer has manageable loans and sufficient cash flow to cover it. Added to that, the Issuer has been awarded 2 contracts for billboard construction in July 2019 which will be sufficient to cover the monthly interest payments.

Invest Now
Rate of Returns
12% p.a
Total Gross Return on Investment
-


Terms & Conditions Apply

Credit Ratings
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.

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.