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NT-2101-00002

NT-2101-00002

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MR6

Aiirra Beauty , E-commerce,

RM 25,000 for 36 month term. RM 25,000 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?

Aiirra Beauty is a beautician servicing company. We provide Cosmetics, beauty and health to our client who have skin problems. We sell our products through online, such as a website, Lazada, stockist and agents.
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Aiirra Beauty adalah pakar kecantikan. Kami menyediakan Kosmetik, kecantikan dan kesihatan kepada pelanggan kami yang mempunyai masalah kulit. Kami menjual produk kami melalui dalam talian iaitu laman web, Lazada, bentuk, stokis dan ejen.

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

The business’s founder has Degree in Retail Management from UITM. She was in business six years ago in property management and also in logistics with a company based in UK. Now we have 2 staff to manage her beauty business.
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Pengasas perniagaan mempunyai Ijazah dalam Retail Manager di UITM. Dia terlibat dengan perniagaan bermula enam tahun lalu, dari pengurusan harta tanah dan juga syarikat logistik yang berpusat di UK. Kini kami mempunyai 2 kakitangan untuk menguruskan perniagaan ini.

What are their future plans?

We like to expand our brand to be known with everyone not just in Malaysia, but also to be known in Indonesia, Singapore, Brunei and other countries. Now we produce serum, but now we are expanding our skin care with a cleanser and moisturizer that will be launched in March. We also plan to make cosmetics and Health product under Aiirra Beauty.
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Kami ingin mengembangkan jenama kami untuk diperkenalkan bukan sahaja di Malaysia, tetapi juga di Indonesia, Singapura, Brunei dan negara-negara lain. Buat masa sekarang kami menghasilkan serum, tetapi kami fokus pada penjagaan kulit melalui produk pembersih dan pelembap yang akan dilancarkan pada bulan Mac. Kami juga merancang untuk membuat produk kosmetik dan Kesihatan di bawah Aiirra Beauty.

What has been their annual sales turnover?

Since we are operating in July 2020 our sales have been RM74,408 unit December. In this year 2021, we expect sales to hit RM56,000 per month and sell 2,000 units to our stockist to total is RM672,000 per year.
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Kami mula beroperasi pada Julai 2020, jualan kami berjumlah RM74,408. Pada tahun ini kami menjangkakan penjualan RM56,000 sebulan dan menjual 2000 unit kepada stokis kami dan jumlahnya adalah RM672,000 setahun.

Number of years in business?

We have been operating since July 2020.
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Hampir satu tahun sejak Julai 2020.

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

We would use it for marketing to raise our name for the public to know us more. We also want to produce new products and do Research and Development (R&D). In addition, we want to buy more stock and so we need working capital.
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Kami ingin menggunakannya untuk membuat pemasaran bagi menaikkan nama kami untuk orang ramai lebih mengetahui. Menghasilkan produk baru dan membuat Research and Development (R&D). Selain daripada itu, kami ingin membeli lebih banyak stok dan menjadikan sebagai modal kerja.

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

The Issuer sells all her products online and so she has seen only minimal impact to her business during MCO. The owner is also the Guarantor for this financing and the Guarantor's I-score is 5 ('FAIR') with a Probability of Default (PD) of 10% - 20% according to an external credit bureau. This Investment Note has an MR6 (Medium Risk 6) rating and so it has a medium-weak credit quality and medium-high risk of default. The Issuer has sufficient revenue to manage its payment of RM981 a month to microLEAP. The Founder has an Educational Loan that is still outstanding.
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Penerbit menjual produknya secara dalam talian dan oleh itu dia hanya melihat sedikit kesan terhadap perniagaannya semasa PKP. Pemiliknya juga Penjamin untuk pembiayaan ini dan I-skor Penjamin adalah 5 ('FAIR') dengan Kebarangkalian keingkaran (PD) 10% - 20% merujuk biro kredit luaran. Nota Pelaburan ini mempunyai penarafan MR6 (Risiko Sederhana 6) dan oleh itu ia mempunyai kualiti kredit sederhana-lemah dan risiko keingkaran sederhana-tinggi. Penerbit mempunyai pendapatan yang mencukupi untuk menguruskan pembayarannya sebanyak RM981 sebulan kepada microLEAP. Pengasas mempunyai Pinjaman Pendidikan yang masih belum dijelaskan.

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Rate of Returns
13.8% p.a
Total Gross Return on Investment
-

Funded Note

Credit Ratings
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.

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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