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NT-2106-00008

NT-2106-00008

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MR7

Heng Ong Huat 808 Trading, Trading,

RM 50,000 for 36 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?

We supply wholesale foodstuff with halal certificate to restaurants and retail wet market, the majority of our customers are from the Malay / Muslim community.
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Kami membekalkan bahan makanan borong dengan sijil halal ke restoran dan peruncitan pasar basah, majoriti pelanggan kami adalah dari kalangan masyarakat Melayu / Islam.

Who is the owner / key person(s) in the business? / Siapakah Pemilik Perniagaan ini?

Issuer is the shareholder for the business. We have one clerk for admin department, two people helping on delivery, one clerk for account & financial department and an Exclusive Managing Director for marketing & sales department with 2 years experience in this business before joining board of directors (before this we are using Sole Proprietorship to run the business).
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Penerbit adalah pemegang saham untuk perniagaan ini. Kami mempunyai satu kerani untuk jabatan pentadbiran, dua orang membantu urusan penghantaran, satu kerani untuk bahagian akaun & kewangan dan seorang Pengarah Urusan Eksklusif untuk bahagian pemasaran & penjualan dengan pengalaman 2 tahun dalam perniagaan ini sebelum menjadi ahli lembaga pengarah (sebelum ini kami menggunakan Perniagaan Milikan Tunggal untuk menjalankan perniagaan).

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

We are planning to open few retail outlets in any private or government wet market (after MCO when the local authority relisted the notice board). We are also planning to acquire and invest in foodstuff manufacturing/processing companies.
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Kami merancang untuk membuka beberapa kedai runcit di mana-mana pasar basah swasta atau kerajaan (setelah PKP ketika pihak berkuasa tempatan menyenarai semula papan kenyataan). Kami juga merancang untuk memperolehi dan melabur dalam syarikat pembuatan / pemprosesan makanan.

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

Our sales from June 2020 to May 2021 have been around RM 2.2 million.
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Hasil jualan kami dari Jun 2020 hingga Mei 2021 sekitar RM 2.2 juta.

Number of years in business? / Usia perniagaan?

Our business has started since June 2019 as sole proprietorship and convert to Sdn Bhd on July 2020.
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Perniagaan kami telah bermula sejak Jun 2019 sebagai perniagaan milikan tunggal dan bertukar menjadi Sdn Bhd pada Julai 2020.

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

We would like to use the fund for our latest project to set up a retail outlets in U SENTRAL @ MASAI.
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Kami ingin menggunakan dana tersebut untuk projek terbaru kami untuk menubuhkan kedai runcit di U SENTRAL @ MASAI.

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

Issuer has sufficient revenue to manage its payment of RM1,972.22 a month to microLEAP. There have been some small late payments on the Guarantor's other loans, but he has regularised his payments and is now managing them well. 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. The risk is MR7 (Medium Risk 7) and so it has an upper-medium Interest Rate and has an upper-medium Risk of Default.
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Penerbit mempunyai pendapatan yang cukup untuk menguruskan pembayarannya sebanyak RM1,972.22 sebulan kepada microLEAP. Terdapat beberapa pembayaran lewat daripada Penjamin untuk pinjaman lain, tetapi beliau telah mengatur pembayarannya dan sekarang menguruskannya dengan baik.Pemiliknya juga merupakan Penjamin untuk pembiayaan ini dan skor I-Penjamin adalah 5 ('Fair') dengan Kebarangkalian keingkaran (PD) 10% - 20% menurut biro kredit luaran. Risikonya adalah MR7 (Risiko Sederhana 7) dan oleh itu ia mempunyai Kadar Faedah atas-menengah dan mempunyai Risiko Lalai menengah-atas.

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Rate of Returns
14% 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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