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NT-2009-00004

NT-2009-00004

i
MR5

VX Garage - Kuala Nerus, Retail

RM 19,000 for 24 month term. RM 11,620 funded 23 Days Left

61 % 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?

We are Asia's first Automotive micro-franchise dealership program where we assist B40 entrepreneurs to run our VX Garage kiosks using our successfully proven business plan. VX Garage’s focus is the direct sales of auto-service products and parts to end users. We provide high quality automotive products at competitive (wholesale) prices. Today, we have 337 micro-franchise outlets making us the biggest automotive retail outlet chain. _________________________________________________________________________________ Kami ialah program pengedar francais Automotif pertama di Asia dimana kami membantu usahawan B40 menjalankan kios VX Garage menggunakan rancangan perniagaan kami yang terbukti berjaya. Fokus VX Garage adalah penjualan langsung Produk dan Bahagian Perkhidmatan Automotif kepada pengguna akhir. Kami menyediakan produk automotif berkualiti tinggi dengan harga yang kompetitif (borong). Hari ini, kami mempunyai 337 gerai francais mikro yang menjadikan kami rangkaian kedai automotif terbesar.

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

The owner has more than 10 years of experience in multiple business segments across various industries. The team is currently 47 strong. ________________________________________________________________________________ Pemiliknya mempunyai pengalaman lebih dari 10 tahun dalam pelbagai segmen perniagaan di pelbagai industri. Pasukan ini kini terdapat 47 orang kuat dibelakang tabir.

What are their future plans?

The current shift in the market preference after the MCO has increased the demand for cheaper but quality automotive products. With the current demand we are expanding to an average of 10 new microfranchise outlets per month across the nation. We have also been awarded the opportunity to setup our outlets within military camp within Pernama Supermarkets and Felda settlements (Partnering Cooperatives). ________________________________________________________________________________ Perubahan semasa dalam pilihan pasaran setelah MCO (Perintah Kawalan Pergerakan) telah meningkatkan permintaan untuk produk automotif yang lebih murah dan berkualiti. Dengan permintaan semasa, kami berkembang menjadi rata-rata 10 gerai francais mikro yang baru setiap bulan di seluruh negeri. Kami juga diberi kesempatan untuk menubuhkan gerai kami di kem tentera di Pasaraya Pernama dan penempatan Felda (Rakan Koperasi).

What has been their annual sales turnover?

Our annual turnover have for year 2019 exceeded RM 5,000,000 and currently on track to increase it by 25 % for year 2020. Average gross margin is at 35%. ___________________________________________________________________________________ Perolehan tahunan kami untuk tahun 2019 melebihi RM 5,000,000 dan kini berada di landasan yang betul untuk meningkatkannya sebanyak 25% untuk tahun 2020. Purata margin kasar adalah pada 35%.

Number of years in business?

The business have been operational since August 2011 and undergone a rebranding exercise and reincorporated in Nov 2019. __________________________________________________________________________________ Perniagaan ini telah beroperasi sejak Ogos 2011 dan menjalani proses penjenamaan semula dan disatukan semula pada November 2019.

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

The funds will be directly put to use for the setup of a new micro-franchise outlet in Kuala Nerus, Terengganu. We will assist the entrepreneur from the B40 community to run the VX Garage kiosk. This is the second Investment Note under our Programme. ___________________________________________________________________________________ Dana tersebut akan digunakan secara langsung untuk penubuhan francais mikro baru di Kuala Nerus, Terengganu. Kami akan membantu pengusaha dari komuniti B40 untuk menjalankan kios VX Garage. Ini adalah Nota Pelaburan yang kedua melalui program kami.

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

The Issuer will use the funds to help B40 entrepreneurs set-up a kiosk to run and sell their VX Garage products. The Issuer will look to issue multiple Investment Notes to finance specific kiosks up and down the country. The Issuer has a Guarantor for this financing. The risk is MR5 (Medium Risk 5) and so it has a medium credit quality and medium risk of default. The Issuer has no outstanding loans and has sufficient revenue to cover his monthly payments on multiple investment notes. _____________________________________________________________________________________ Penerbit akan menggunakan dana tersebut untuk membantu pengusaha B40 menyiapkan kios untuk menjalankan dan menjual produk VX Garage mereka. Penerbit akan mencari beberapa Nota Pelaburan terbitan untuk membiayai kiosk tertentu di dalam dan di luar negara. Penerbit mempunyai Penjamin untuk pembiayaan ini. Risikonya adalah MR5 (Risiko Sederhana 5) dan dengan itu mempunyai kualiti kredit sederhana dan risiko keingkaran sederhana. Penerbit tidak mempunyai pinjaman yang belum dijelaskan dan mempunyai pendapatan yang mencukupi untuk menampung pembayaran bulanannya dengan beberapa nota pelaburan.
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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.
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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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