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NT-2006-00002

NT-2006-00002

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MR4

HONG LIM TRANSPORTATION, Logistics

RM 30,000 for 12 month term. RM 30,000 funded

100 % Funded

Is this a Shariah-compliant Investment Note? / Adakah ianya Nota Pelaburan patuh Syariah?

Yes / Ya

Who is the Issuer and what does the business do? / Siapakah Penerbit dan apakah perniagaan yang dijalankan Penerbit?

We are dealing in lorry transportation business. We get jobs to delivery customer goods to their destination as required by customers. Our Customers mostly are from the palm oil industry (FELDA TRANSPORT SDN BHD, RSB LUNDU PALM OIL MILL, TETANGGA AKRAB PALM OIL MILL and etc) most of the time we use our lorry to deliver palm oil products such as crude palm oil (CPO), Palm Kernel (PK), Palm kernel shell (PKS) from palm oil mill to the destination place as required by customer. We also deliver fresh fruit bunches (FFB) from plantation sites to palm oil mill. Beside palm oil industry, we also are dealing with customer who involved in building contraction & etc. ________________________________________________________________________________________ Kami berurusan dengan perniagaan pengangkutan lori. Kami memberikan perkhidmatan penghantaran barang pelanggan ke destinasi yang dikehendaki. Pelanggan kami kebanyakannya berasal dari industri kelapa sawit (FELDA TRANSPORT SDN BHD, RSB LUNDU PALM OIL MILL, TETANGGA AKRAB PALM OIL MILL dan lain-lain). Kebiasaannya, kami menggunakan lori untuk menghantar produk minyak sawit seperti minyak sawit mentah (CPO) , Palm Kernel (PK), Tempurung inti sawit (PKS) dari kilang kelapa sawit ke destinasi yang dikehendaki oleh pelanggan. Kami juga menghantar buah sawit yang segar (TBS) dari lokasi perladangan ke kilang kelapa sawit. Di samping industri kelapa sawit, kami juga berurusan dengan pelanggan yang terlibat dalam pembinaan kontrak & lain-lain.

Who is the owner / key person(s) in the business? / Siapakah pemilik / tunggak utama perniagaan ini?

1 of the Director has 10 years experiences in this industry. Before set up this company, He worked in the same industry - he has enough connections to get job consistently. He is the one who leads the whole operations. ________________________________________________________________________________________ Seorang daripada Pengarah mempunyai pengalaman 10 tahun dalam industri ini. Sebelum menubuhkan syarikat ini, dia bekerja di industri yang sama. Beliau mempunyai hubungan yang baik untuk mendapatkan pekerjaan secara konsisten. Beliau juga ketua dalam keseluruhan operasi.

What are their future plans? / Apakah pelan masa depan perniagaan ini?

Our aim is increase our sales revenue by 10-15% per year over the next 3 years in order to expand our business. ________________________________________________________________________________________ Pelan masa hadapan kami adalah untuk meningkatkan pendapatan penjualan kami sebanyak 10-15% setiap tahun selama 3 tahun ke depan untuk mengembangkan perniagaan kami.

What has been their annual sales turnover? / Bagaimanakah hasil jualan tahunan?

Year 2017: RM990k (based on audited report) Year 2018: RM1.048mil (based on audited report) Net income RM86,425 Year 2019: RM1.408mil (based on audited report) Net income RM211,511 ________________________________________________________________________________________ Tahun 2017: RM990 juta (berdasarkan laporan audit) Tahun 2018: RM1.048 juta (berdasarkan laporan audit) Pendapatan bersih RM86,425 Tahun 2019: RM1.408 juta (berdasarkan laporan audit) Pendapatan bersih RM211,511

Number of years in business? / Usia perniagaan?

Since year 2011 ________________________________________________________________________________________ Sejak tahun 2011

How would the Issuer utilise the funds raised on the platform? / Apakah yang kami akan lakukan dengan wang yang dikumpul di platfrom ini?

The purpose of the funding request is to fund our working capital related to principal business activities. ________________________________________________________________________________________ Tujuan permintaan pendanaan adalah untuk membiayai modal kerja kami yang berkaitan dengan aktiviti perniagaan utama.

The rationale behind the Issuer's Credit Risk Score - microLEAP's Comments / Rasional Skor Risiko Kredit bagi Penerbit– Komen microLEAP

There is one Guarantor for this financing. Issuer has an MR4 (Medium Risk 4) rating and so it has a medium-strong credit quality and medium-low risk of default. The funds raised is manageable for this Issuer and the Issuer currently does not have any outstanding debt. The Issuer has sufficient revenue to cover their monthly repayments. ________________________________________________________________________________________ Terdapat satu penjamin untuk pembiayaan ini. Issuer memperolehi rating MR4 (Risiko Sederhana 4) dan mempunyai kualiti kredit sederhana dan risiko keingkaran yang rendah-sederhana. Pembiayaan yang dikumpul boleh diuruskan dengan baik oleh Issuer dan buat masa ini, Issuer juga tidak mempunyai sebarang hutang yang tertunggak. Beliau juga mempunyai keuntungan yang memadai untuk membayar balik pembiayaan secara bulanan.
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Rate of Returns
11% p.a
Total Gross Return on Investment
-

Funded 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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