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NT-2007-00002

NT-2007-00002

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MR4

URBAN CAPITAL VENTURES, Services

RM 50,000 for 24 month term. RM 50,000 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 diceburi mereka?

We are a Property Management company. In 2016, we started a segment in a premium accommodation with 1 apartment unit in the Bayan Lepas, Penang. Our goal is to provide quality and top notch accommodation for tenants like students and/or working people. Our market research leads us to believe there is so much room for improvement in the current room and accommodation supply. With our expertise in interior design, we are one step closer to achieving our goal of providing pleasant and quality accommodation for potential tenants. We strive to be the top choice accommodation, providing safe, secure and welcoming homes for tenants by providing full service accommodation without our tenants having to worry about house minor maintenance, housekeeping and utilities bill. Tenants are required to sign a one year contract. As of July 2020, we are currently operating 70 apartments catered for working adults. We have now expanded to major areas in Urban area of Penang Island. ________________________________________________________________________________________ Kami adalah syarikat pengurusan harta tanah. Pada tahun 2016, kami memulakan segmen penginapan premium dengan 1 unit pangsapuri di Bayan Lepas, Pulau Pinang. Matlamat kami adalah untuk menyediakan penginapan berkualiti dan terbaik untuk penyewa seperti pelajar dan / atau pekerja. Penyelidikan pasaran dilakukan kami mendorong kami bahawa terdapat banyak ruang untuk peningkatan dengan bilik sedia ada dan penginapan. Dengan kepakaran dalam reka bentuk dalaman, kami selangkah lebih dekat untuk mencapai matlamat kami untuk menyediakan penginapan yang menyenangkan dan berkualiti untuk bakal penyewa/penginap. Kami berusaha untuk menjadikan tempat penginapan kami pilihan utama, menyediakan kediaman yang selamat dan mesra bagi penyewa/penginap dengan menyediakan penginapan perkhidmatan penuh tanpa penyewa kami perlu bimbang tentang bil penyelenggaraan, pengemasan dan utiliti rumah. Penyewa dikehendaki menandatangani kontrak satu tahun. Sehingga Julai 2020, kami kini mengendalikan 70 pangsapuri yang disediakan untuk penyewa/penginap yang bekerja. Kini perniagaan kami telah berkembang ke kawasan utama di Bandar Pulau Pinang.

Who is the owner / key person(s) in the business?/ Siapakah Pemilik /Tunggak Utama perniagaan?

The founder has gotten the idea when he was studying in the UK where accommodation is of much higher quality in terms of service, functionality and interior design. The founder had then wondered if it could be done in Malaysia, specifically Penang. With nothing but a little money just sufficient to start 1 property, the founder had started hosting tenants with just one-man show from cleaning, bringing customers for viewing to completing administration tasks of the company. As demand increased, we have to hire more people to the company. We are now a team of 4 person namely manager, supervisor, customer service and a maintenance person per building. Currently we are managing 3 urban areas in Penang. Managing property can be seen as a very easy task when there is not much problem. Should there is any problem, much hassle is involved and requires coordinated response from various stakeholders in resolving the issues. Hence with our service, our tenants do not have to worry about house minor/major maintenance, housekeeping and utilities bill. On the other hand, our Landlords will be spared from the headache to resolve the issues for their tenants. This is where we come into the picture solving the problems for both parties. ________________________________________________________________________________________ Pengasas mendapat idea ketika menuntut di UK di mana penginapan jauh lebih berkualiti dari segi perkhidmatan, fungsi dan reka bentuk dalaman. Timbul persoalan, apakah ini boleh dilakukan di Malaysia, khususnya Pulau Pinang. Dengan sedikit wang yang cukup untuk bermula dengan 1 hartanah, beliau bersendirian sebagai tuan rumah, melakukan pembersihan, membawa masuk pelanggan dan menyelesaikan tugas-tugas pengurusan. Kesan permintaan yang meningkat, kami perlu menggaji lebih banyak tenaga kerja. Kini, kami terdiri daripada 4 individu iaitu pengurus, penyelia, khidmat pelanggan dan penyelenggara bangunan. Ketika ini, kami menguruskan 3 hartanah di kawasan bandar Pulau Pinang. Pengurusan hartanah tampak mudah jika tiada masalah terjadi. Sekiranya berlaku sebarang masalah yang merumitkan, tindak balas yang cekap dari pelbagai pihak penting bagi menyelesaikannya. Oleh itu, melalui perkhidmatan kami, penyewa/penyewa tidak perlu bimbang akan soal penyelenggaraan, pengemasan dan utuliti rumah. Sebaliknya, pemilik rumah boleh menarik nafas lega dari sebarang masalah berkenaan penyewa/penginap. Melalui medium ini, kami muncul untuk memberikan penyelesaian bagi kedua-dua pihak.

What are their future plans?/ Apakah pelan masa depan mereka?

We plan to expand to a new urban area in Penang which we do not have a presence. Our goal in Penang is to increase the overall standard of accommodation for working adults and tenants alike. In the next 2-3 years, we have plans to expand in Kuala Lumpur where the market size is much bigger compared to Penang. ________________________________________________________________________________________ Kami merancang untuk melebarkan sayap ke kawasan bandar baru di Pulau Pinang yang belum diterokai kami. Matlamat kami di Pulau Pinang adalah untuk meningkatkan taraf penginapan keseluruhan bagi orang dewasa dan penyewa/penginap yang bekerja. Dalam 2-3 tahun akan datang, kami mempunyai rancangan untuk melebarkan sayap di Kuala Lumpur di mana saiz pasarannya jauh lebih besar berbanding dengan Pulau Pinang

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

We have very healthy revenue and and we are on track to increase our revenue by another 20% as we acquire more properties to rent out. As we considered our self as a young and growth oriented company, we have ploughed back 60% of our cash flow in acquiring new customers and new properties. ________________________________________________________________________________________ Kami mempunyai pendapatan yang kukuh dan kami berada di landasan terbaik untuk meningkatkan pendapatan sebanyak 20% lagi apabila kami memperoleh lebih banyak hartanah untuk disewakan. Oleh kerana kami menganggap diri kami sebagai syarikat baru dan berorientasikan pertumbuhan, kami telah mengembalikan 60% aliran tunai dalam memperoleh pelanggan baru dan hartanah baru.

Number of years in business? / Usia perniagaan?

Our company is incorporated in 2016. This is our fourth year in business. ________________________________________________________________________________________ Syarikat kami diperbadankan pada tahun 2016. Ini adalah tahun keempat kami dalam perniagaan.

How would the Issuer utilise the funds raised on the platform? / Bagaimana Penerbit akan menggunakan dana yang dikumpul di platform ini?

The funds raised microLEAP's platform would be useful to us as we increase our marketing spending on advertising our services via various property platforms. Part of the funds shall also be used for acquiring new properties in new urban area to increase our overal presence in Penang. ________________________________________________________________________________________ Dana yang dikumpulkan melalui platform microLEAP akan berguna bagi kami kerana kami dapat meningkatkan perbelanjaan pemasaran untuk pengiklanan perkhidmatan kami melalui pelbagai platform hartanah. Sebahagian daripada dana juga akan digunakan untuk memperoleh hartanah baru di kawasan bandar baru untuk memperkenalkan kehadiran kami di Pulau Pinang.

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

Issuer has an MR4 (Medium Risk 4) rating and the owner is the personal guarantor for the financing. This Investment Note has a medium-strong credit quality and medium-low risk of default. The funds raised is very manageable for this Issuer and the Issuer does not have any outstanding debt. The Issuer has sufficient revenue to cover his monthly payments. ________________________________________________________________________________________ Penerbit memperolehi rating MR4 (Risiko Sederhana 4) dan pemilik adalah penjamin peribadi untuk pembiayaan. Nota Pelaburan ini mempunyai kualiti kredit dan risiko keingkaran sederhana rendah. Dana yang diperolehi dapat diguna pakai untuk Penerbit. Penerbit pada masa ini tidak mempunyai hutang tertunggak; dan mempunyai pendapatan yang mencukupi untuk menampung pembayaran bulanan mereka.
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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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