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NT-2011-00001

NT-2011-00001

i
MR7

JK Grocer, E-commerce

RM 14,000 for 36 month term. RM 14,000 funded 10 Days Left

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?

I am the Sole Owner of JK GROCER located in Bandar Sunway, Selangor. My business focus to sell groceries eco-priced. At first, I only focused on offline and website sales and then I started selling at Shopee. The results were very encouraging and I first added many more variations of products. At the time, this business was only from home, especially during the Covid-19 period. However, as customer demand increased, stocks and variations also increased, so I will be sending the goods to some of my customers offline as well. So, the focus of business now is Shopee, offline-delivery etc. ______________________________________________________________________________________ Saya adalah Pemilik Tunggal JK GROCER yang terletak di Bandar Sunway, Selangor. Tumpuan perniagaan saya adalah menjual barangan runcit dengan harga ekonomi. Pada mulanya, saya hanya menumpukan pada penjualan di luar talian dan laman web dan kemudian saya mula menjual di Shopee. Hasilnya sangat memberangsangkan dan saya mula menambahkan lebih banyak variasi produk. Pada masa itu, perniagaan ini hanya dari rumah, terutamanya dalam tempoh Covid-19. Namun, ketika permintaan pelanggan meningkat, stok dan variasi juga meningkat, jadi saya akan mengirimkan barang ke beberapa pelanggan saya di luar talian juga. Jadi, fokus perniagaan sekarang ialah Shopee, penghantaran luar talian dan lain-lain.

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

I am the owner in the business and assisted by my friends and family from the beginning. In my future prospect, I will invite more members to my team in order to make the business greater. ____________________________________________________________________________________ Saya adalah pemilik perniagaan ini dan dibantu oleh rakan dan keluarga saya sejak awal. Dalam prospek masa depan saya, saya akan menjemput lebih ramai ahli ke pasukan saya untuk menjadikan perniagaan lebih hebat.

What are their future plans?

First of all, the future plan could be the expansion of the service coverage area for our instant grocery delivery service. We are planning to do an expansion in Putrajaya and Pahang as well in the future. Due to Covid-19 pandemic, the demand for online groceries has been increased. ____________________________________________________________________________________ Pertama sekali, rancangan masa depan kami adalah untuk mengembangkan kawasan liputan perkhidmatan untuk perkhidmatan penghantaran barang runcit segera kami. Kami juga merancang untuk mengembangkan perkhidmatan kami di Putrajaya dan Pahang pada masa akan datang. Oleh kerana pandemik Covid-19, permintaan untuk bahan makanan dalam talian telah meningkat.

What has been their annual sales turnover?

Since establish till now, we are having a low revenue due to the national lockdown right after we start our business. However, we are still able to maintain and have an increased rate of percentage on our revenue data. For the year 2019, my revenue was RM795 for month November and December 2019. For the first 9 months of 2020 I made revenue of RMRM8,179. Higher revenue and better performance been forecasted and expected in the future. ____________________________________________________________________________________ Sejak ditubuhkan hingga sekarang, kami memperoleh pendapatan yang rendah disebabkan "lockdown" tepat pada kami memulakan perniagaan. Walau bagaimanapun, kami masih dapat mengekalkan dan meningkatkan kadar peratusan pada data pendapatan kami. Pada tahun 2019, keuntungan perniagaan saya ialah RM795 untuk jualan dari bulan November dan December 2019. Untuk 9 bulan pertama bagi tahun 2020, saya telah memperoleh keuntungan sebanyak RM8,179. Hasil yang lebih tinggi dan prestasi yang lebih baik telah diramalkan dan diharapkan pada masa akan datang.

Number of years in business?

Business registered at the end of the year 2019, and the business has been running for about 10 months. ___________________________________________________________________________________ Perniagaan telah didaftarkan pada akhir tahun 2019, dan perniagaan telah beroperasi selama kira-kira 10 bulan.

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

We will use the fund primarily to buy more stocks to provide more ready stocks for our customers. Besides that, it would be used for the expansion plan for the business. For example, hiring more staff or buying equipment and so on. ___________________________________________________________________________________ Kami akan menggunakan dana untuk membeli lebih banyak stok untuk menyediakan stok sedia ada untuk pelanggan kami. Selain itu, dana ini akan digunakan untuk rencana pengembangan perniagaan. Contohnya, mengambil lebih ramai kakitangan atau membeli peralatan dan sebagainya.

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

The Issuer has a Guarantor for this financing and the Guarantor is rated 'Fair' by an external credit bureau with a Probability of Default (PD) score of 6.8% . The Issuer has no other borrowings and the Issuer has sufficient revenue to cover its monthly payments of RM554 a month. The Issuer has a diversified revenue stream by selling both online and offline, which will minimise the impact of CMCO. The credit risk is MR7 (Medium Risk 7) and so it has an upper-medium Interest Rate and has an upper-medium Risk of Default. _____________________________________________________________________________________ Penerbit mempunyai Penjamin untuk pembiayaan ini dan Penjamin dinilai 'Fair' oleh biro kredit luaran dengan skor Kebarangkalian Keingkaran (PD) 6.8%. Penerbit tidak mempunyai pinjaman lain dan Penerbit mempunyai pendapatan yang mencukupi untuk menampung pembayaran bulanannya sebanyak RM554 sebulan. Risikonya adalah MR7 (Risiko Sederhana 7) dan oleh itu ia mempunyai Kadar Faedah atas-menengah dan mempunyai Risiko keingkaran menengah-atas.
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Rate of Returns
14.2% p.a
Total Gross Return on Investment
-

Funded Note

Credit Ratings
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.

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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