Welcome to microLEAP. Would you like to Raise Funds or Become a P2P Investor?
NT-2012-00001

NT-2012-00001

i
MR5

VX Ventures #2, Trading,

RM 50,000 for 12 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 yang dijalankan Penerbit?

VX Ventures (part of the VX Brands group of companies) focuses on the development and sales of new products for auto-parts. We have a range of 5 new products that will be launched accordingly: Industrial oils, Wiper Blades, Motorcycle Service Parts, Merchandising Products and Brake Fluids. We supply these products to our VX Garage kiosks that are run by B40 entrepreneurs through our micro-franchise dealership program. Today, VX Garage has 343 micro-franchise outlets making us the biggest automotive retail outlet chain.
________________________________________________________________________________________
VX Ventures (sebahagian daripada kumpulan syarikat VX Brands) memberi tumpuan kepada pengembangan dan penjualan produk baru untuk alat ganti kenderaan. Kami mempunyai rangkaian 5 produk baru yang akan dilancarkan seperti: Minyak industri, Bilah Pengelap, Bahagian Servis Motosikal, Produk Barang Niaga dan Cecair Brek. Kami membekalkan produk ini ke kios VX Garage yang dikendalikan oleh usahawan B40 melalui program pengedar francais mikro kami. Hari ini, VX Garage mempunyai 343 gerai francais mikro menjadikan kami rangkaian kedai runcit automotif terbesar.

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

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. Kini pasukan ini mempunyai 47 orang kuat.

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

With over 300 Outlets currently operating and a members database of 150,000, apart from the expansion into more outlets the management have decided to expand into more product SKU to leverage from the already existing infrastructure.
________________________________________________________________________________________
Mempunyai lebih dari 300 Outlet yang beroperasi dan pangkalan data anggota sebanyak 150,000, selain pengembangan outlet, pihak pengurusan telah memutuskan untuk memperluaskan SKU produk lebih banyak untuk memanfaatkan infrastruktur yang sudah ada.

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

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? / Usia perniagaan?

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? / Apakah yang kami akan lakukan dengan wang yang dikumpul di platfrom ini?

The funds will be directly put into the purchase of Motorcycle related products to meet the pre-order demand raised through a sales campaign. As part of the marketing effort, we have collaborated with Litar Lumba Kuala Selangor to make it as our official racing circuit for motorcycle for 2021 and 2022. This effort will increase the product sales on the workshop market. The demand for outlets placed in both urban and Outskirts area.
________________________________________________________________________________________
Dana tersebut akan dimasukkan secara langsung ke dalam pembelian produk berkaitan Motosikal untuk memenuhi permintaan pra-pesanan yang melalui kempen penjualan. Sebagai sebahagian daripada usaha pemasaran, kami telah bekerjasama dengan Litar Lumba Kuala Selangor untuk menjadikannya sebagai litar lumba rasmi untuk motosikal bagi tahun 2021 dan 2022. Usaha ini akan meningkatkan penjualan produk di pasar bengkel. Permintaan untuk cawangan yang ditempatkan di kawasan bandar dan luar bandar.

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

The Issuer is part of VX Brands, which runs VX Garage who have issued multiple Investment Notes on our platform. The funds will be used to buy supplies which they sell to their VX Garage kiosks and so there is a closed-loop market with willing buyers. We have credit scored this Issuer together with VX Garage as they are inter-linked. This is their second issuance under VX Ventures and there is sufficient revenue to cover their monthly RM9,334 payments to microLEAP. The Issuer has a Guarantor for this financing that is rated 'strong' with a Probability of Default (PD) score of 0.3% from an external credit bureau. The risk is MR5 (Medium Risk 5) and so it has a medium credit quality and medium risk of default.
________________________________________________________________________________________
Penerbit adalah sebahagian daripada VX Brands, yang mengendalikan VX Garage yang telah mengeluarkan banyak Nota Pelaburan di platform kami. Dana tersebut akan digunakan untuk membeli bekalan yang mereka jual ke kios VX Garage mereka. Oleh itu, terdapat pasaran tertutup dengan pembeli yang sedia ada. Kami mempunyai kredit skor untuk Penerbit ini bersama-sama dengan VX Garage kerana mereka saling berkaitan. Mereka mempunyai pendapatan yang mencukupi untuk menampung pembayaran RM9,334 bulanan mereka kepada microLEAP. Penerbit mempunyai Penjamin untuk pembiayaan ini yang dinilai 'Strong' dengan skor Kebarangkalian keingkarang (PD) 0.3% dari biro kredit luaran. Risikonya adalah MR5 (Risiko Sederhana 5) dan dengan itu mempunyai kualiti kredit sederhana dan risiko keingkaran sederhana.

Invest Now
Rate of Returns
12% p.a
Total Gross Return on Investment
-

Funded Note

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.
.

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