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NT-1912-00001

NT-1912-00001

c
MR4

Autowerks, Services

RM 40,000 for 24 month term.

0 % Funded

Who is the Issuer and what does the business do?

We are in car servicing for the OEM (Original Equipment Manufacturer) service centers, such as Perodua, Toyota and Honda. We are also contracted to be their respective authorised repair shop.

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

I have 15 years of experience in this OEM field, plus we have 13 staff with more than 10 years experience in this automative industry. We specialise in automotive repairs as well as OEM parts for local and Japanese cars.

What are their future plans?

We are planning to expand next year, so we can open 1 more branch.

What has been their annual sales turnover?

My annual sales turnover for 2019 is RM382,955 up to November 2019.

Number of years in business?

This company, which is a subsidiary, is just over a year old. That said, our parent company, which primarily focuses on servicing Toyota and Perodua cars as well as provide their respective OEM parts, have been in this field for almost 15 years

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

These funds will be used to hire more sales staff to accommodate our increasing job orders.

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 monthly cash flow to cover it.
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Rate of Returns
11.5% p.a
Total Gross Return on Investment
-

Unsuccessful Note

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.

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