Welcome to microLEAP. Would you like to Raise Funds or Become a P2P Investor?
NT-2011-00007

NT-2011-00007

i
MR4

Accumax Translation Service, Services

RM 50,000 for 36 month term. RM 50,000 funded 24 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? / Siapakah Penerbit dan apakah perniagaan diceburi mereka?

We are a translation agency which provides translations services. We translate news articles and movie/TV drama subtitles for our clients from Malaysia. The languages covered are Bahasa Malaysia, English, and Chinese. We are running on a fully home-based model now. The business owner is currently based in Petaling Jaya, while the 9 freelance translators (more will be hired later) of the business come from different states all over the country. ________________________________________________________________________________________ Kami adalah agensi penterjemahan yang menyediakan perkhidmatan terjemahan. Kami menterjemahkan artikel berita dan sari kata filem / drama TV untuk pelanggan kami dari Malaysia. Bahasa yang diliputi adalah Bahasa Malaysia, Inggeris, dan Cina. Kami bekerja sepenuh masa dari rumah. Pemilik perniagaan kini berpusat di Petaling Jaya, sementara 9 penterjemah bebas (akan diupah kemudian) berasal dari negeri yang berlainan di seluruh negara.

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

The business owner, Mr. Lim, has been working in this field for more than 6 years including his experience as a freelance translator from 2014 to 2018. Also, he takes care of everything about the business, except for the part of translation, on his own. ________________________________________________________________________________________ Pemilik perniagaan, Encik Lim, telah bekerja di bidang ini selama lebih dari 6 tahun termasuk pengalamannya sebagai penterjemah bebas dari tahun 2014 sehingga 2018. Beliau juga menguruskan semua perkara mengenai perniagaan, kecuali bahagian terjemahan, adalah sendiri.

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

We have a plan for expansion by providing book translation services and interpretation services by the end of this year, while transcription services and copywriting services will be added into the list by the end of next year. Also, we would like to take advantage of the increased globalization around the world by providing translation services in more languages in the future. ________________________________________________________________________________________ Kami mempunyai rancangan untuk mengembangkan perniagaan ini dengan menyediakan perkhidmatan terjemahan buku dan perkhidmatan tafsiran pada akhir tahun ini, sementara perkhidmatan transkripsi dan perkhidmatan penulisan salinan akan ditambahkan ke dalam senarai pada akhir tahun depan. Kami juga ingin memanfaatkan peningkatan globalisasi di seluruh dunia dengan menyediakan perkhidmatan terjemahan dengan pelbagai bahasa pada masa akan datang.

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

Our annual turnover in 2019 was about RM231,000 while the profit before taxes (PBT) was around RM164,000. To date, our turnover from January 2020 to October 2020 is about RM255,000, while our PBT is around RM179,000. Our estimation for the annual turnover in 2020 to be around RM336,000, while the estimation for the PBT of the year is approximately RM230,000. ________________________________________________________________________________________ Perolehan tahunan kami pada tahun 2019 adalah sekitar RM231,000 sementara keuntungan sebelum cukai (PBT) sekitar RM164,000. Sehingga kini, perolehan kami dari Januari 2020 hingga Oktober 2020 adalah sekitar RM255,000, sementara PBT kami sekitar RM179,000. Anggaran kami untuk perolehan tahunan pada tahun 2020 adalah sekitar RM336,000, sementara anggaran untuk PBT tahun ini adalah sekitar RM230,000.

Number of years in business? / Usia perniagaan?

The business was established in November 2018. It has been 2 years since the establishment of the business. ________________________________________________________________________________________ Perniagaan ini ditubuhkan pada bulan November 2018. Ia adalah 2 tahun sejak penubuhan perniagaan ini.

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

A part of the funds will be allocated for the expansion by hiring more freelance translators and interpreter, while the remaining of the funds will be used to meet our cash flow needs. ________________________________________________________________________________________ Sebahagian daripada dana akan diperuntukkan untuk mengembangkan perniagaan ini dengan mengambil lebih banyak penterjemah dan jurubahasa bebas, sementara baki dana akan digunakan untuk memenuhi keperluan aliran tunai kami.

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

Issuer has an MR4 (Medium Risk 4) rating and there is a personal guarantor for the financing. The Guarantor's I-score is 7 ('Good') with a Probability of Default of 2.5% - 5% according to an external credit bureau. The Issuer is able to work completely online and therefore this should limit any negative impact of CMCO (Conditional Movement Control Order). The funds raised is very manageable for this Issuer and the Issuer does have some debt which is manageable. The Issuer has sufficient revenue to cover his payments to microLEAP of RM1,926 a month. This Investment Note has a medium-strong credit quality and medium-low risk of default. ________________________________________________________________________________________ Penerbit memperolehi rating MR4 (Risiko Sederhana 4) dan pemilik adalah penjamin peribadi untuk pembiayaan. I-Skor Penjamin adalah 7 (Baik) dengan Kebarangkalian Keingkaran 2.5% - 5% merujuk kepada Biro Kredit. Penerbit dapat bekerja sepenuhnya dalam talian dan ini dapat mengehadkan sebarang kesan negatif daripada PKPB (Perintah Kawalan Pergerakan Bersyarat). Dana yang dikumpulkan sangat terkawal untuk Penerbit dan beliau mempunyai beberapa hutang yang dapat diuruskan. Penerbit mempunyai pendapatan yang mencukupi untuk menampung pembayarannya kepada microLEAP sebanyak RM1,926 sebulan. Nota Pelaburan ini mempunyai kualiti kredit dan risiko keingkaran sederhana rendah.
Invest Now
Rate of Returns
12.9% 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.

View Funding List