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NT-2106-00013

NT-2106-00013

i
MR6

ZPS, Engineering & Construction,

RM 350,000 for 6 month term. RM 350,000 funded

100 % Funded

Is this a Shariah-compliant Investment Note? / Adakah ianya Nota Pelaburan patuh Syariah?

Yes

What is the Payment Type? / Apakah Jenis Pembayaran?

This is our first short-term Shariah-compliant microLEAP+ product with financing of RM350,000 with our highest profit rate of 1.5% a month (equivalent to 18% p.a) ever offered on our platform.

Please to inform all Investors that this Investment Note payment is based on Balloon Payment method where the Issuer will make monthly Profit-only payments for the preceding months followed by a Principal + Profit payment on the final payment date. The tenor is 6 months. Please refer to the explanation below on the repayment structure for the Issuer.
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Financing Amount : RM350,000
Profit Rate : 1.5% per month (equivalent to 18% p.a)
Investment Tenor : 6 months
Payment Method : Balloon Payment

Payment Schedule :
Month 1 – RM5,250 (Profit only)
Month 2 – RM5,250 (Profit only)
Month 3 – RM5,250 (Profit only)
Month 4 – RM5,250 (Profit only)
Month 5 – RM5,250 (Profit only)
Month 6 – RM355,250 (Principal + Profit)

The Issuer has the option to fully settle the financing early.

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Ini adalah produk microLEAP + patuh Syariah jangka pendek pertama kami dengan pembiayaan RM350,000 dengan kadar keuntungan tertinggi kami 1.5% sebulan (bersamaan dengan 18% p.a) yang pernah ditawarkan di platform kami.

Ingin dimaklumkan kepada semua Pelabur bahawa pembayaran Nota Pelaburan ini adalah berdasarkan kaedah Pembayaran Belon di mana Penerbit akan membuat pembayaran Untung bulanan sahaja dan diikuti dengan pembayaran Prinsipal + Keuntungan pada tarikh pembayaran akhir. Tempoh pembiayaan adalah selama 6 bulan. Sila rujuk penjelasan di bawah mengenai struktur pembayaran balik dari Penerbit.
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Jumlah Pembiayaan : RM350,000
Kadar Keuntungan : 1.5% sebulan (bersamaan 18% setahun)
Tenor Pelaburan : 6 bulan
Kaedah Pembayaran : Pembayaran Belon
Jadual Pembayaran Balik :
Bulan 1 – RM5,250 (Keuntungan sahaja)
Bulan 2 – RM5,250 (Keuntungan sahaja)
Bulan 3 – RM5,250 (Keuntungan sahaja)
Bulan 4 – RM5,250 (Keuntungan sahaja)
Bulan 5 – RM5,250 ((Keuntungan sahaja)
Bulan 6 – RM355,250 (Prinsipal + Keuntungan)

Penerbit mempunyai pilihan untuk menyelesaikan pembiayaan lebih awal.

Who is the Issuer and what does the business do? / Siapakah Penerbit dan apakah perniagaan diceburi mereka?

Issuer ("ZPS") was incorporated in March 2019 in Kuala Lumpur as a contractor for projects like telecommunication, railway industry as well as procurement chain management. Our focused customers are local main contractors of telco companies like Telekom Malaysia, Maxis, U Mobile, Digi even Tenaga Nasional Bhd. In September 2020 we registered an office in Kuching Sarawak and successfully obtained a trading license in the state. Also, In January 2021 we again registered an office in Kota Kinabalu Sabah with a trading license in the state.

After the date of incorporation, ZPS was engaged in providing management services in TNB Smart Meter Infrastructure (SMI) project which was awarded to one of the main contractors of TNB. The engagement period was for one (1) year. Even though the time period is short but the experience gained is valuable.

In the month of May 2021, we managed to secure a Letter of Intent (LOI) for a fiber optic pulling project in Sabah from OCK Setia Engineering (“OCK"). This is our first project for the company with a value of close to RM3 million. The commencement date of the project is expected to fall in June or early July this year and to last for slightly more than a year. ZPS currently is busy mobilizing and building up project teams in Sabah and at the same time to work hand in hand with the project team of OCK in Sabah.

In our interviews with OCK, we were briefed by them that there were jobs/projects in the pipeline in the subsequent three (3) years. Hearing this, ZPS is hopeful of job continuity with this customer. We look forward to working closely with OCK in whatever their undertakings will be in the near future.
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Penerbit ("ZPS") ditubuhkan pada bulan Mac 2019 di Kuala Lumpur sebagai kontraktor untuk projek seperti telekomunikasi, Industri kereta api dan juga pengurusan rantaian perolehan. Fokus pelanggan kami yang adalah kontraktor utama syarikat telco tempatan seperti Telekom Malaysia, Maxis, U Mobile, Digi bahkan Tenaga Nasional Bhd. Pada bulan September 2020, kami mendaftarkan pejabat di Kuching Sarawak dan berjaya memperoleh lesen perdagangan di negeri ini. Juga pada Januari 2021, kami sekali lagi mendaftarkan pejabat di Kota Kinabalu Sabah dengan lesen perdagangan di negeri ini.

Selepas tarikh penubuhannya, ZPS terlibat dalam penyediaan perkhidmatan pengurusan dalam projek Infrastruktur Smart Meter TNB (SMI) yang diberikan kepada salah satu kontraktor utama TNB. Tempoh adalah selama satu (1) tahun. Walaupun jangka masa yang singkat tetapi pengalaman yang diperoleh sangat berharga.

Pada bulan Mei 2021, kami berjaya mendapatkan Surat Minat untuk projek menarik gentian optik di Sabah dari OCK Setia Engineering Sdn Bhd (OCK). Ini adalah projek pertama kami untuk syarikat dengan nilai hampir RM3 juta. Tarikh permulaan projek dijangka jatuh pada bulan Jun atau awal Julai tahun ini dan akan berlangsung lebih dari setahun. ZPS kini sibuk menggerakkan dan membina pasukan projek di Sabah dan pada masa yang sama untuk bekerjasama dengan pasukan projek OCK di Sabah.

Dalam wawancara kami dengan OCK, kami diberitahu oleh mereka bahawa ada pekerjaan / projek dalam perancangan dalam tiga (3) tahun berikutnya. Mendengar ini, ZPS mengharapkan kesinambungan pekerjaan dengan pelanggan ini. Kami berharap dapat bekerjasama rapat dengan OCK dalam apa jua usaha mereka dalam masa terdekat.

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

In the company, we have an experienced Project Manager who has been involved in the telco infrastructure project in the past many years and Administration Manager who is handling the company administration. Apart from that, we are building up project teams for our awarded project in Sabah. Team members, ten (10) of them, are all local workers from Sabah. However, team members will be increased based on further projects given by our customer.

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Di syarikat ini, kami mempunyai Pengurus Projek berpengalaman yang telah terlibat dalam projek infrastruktur telco sejak bertahun-tahun dan Pengurus Pentadbiran yang mengendalikan pentadbiran syarikat. Selain itu, kami sedang membina pasukan projek untuk projek kami yang diamanahkan di Sabah. Anggota pasukan, sepuluh (10) daripadanya, semuanya pekerja tempatan dari Sabah. Walau bagaimanapun, ahli pasukan akan meningkat berdasarkan projek selanjutnya yang diberikan oleh pelanggan kami.

What are their future plans? / Apakah pelan masa depan mereka?

Our future plan is to secure more telco-related jobs from the current customer by proving and showing to them that we are their reliable working partner especially in this current fiber optic pulling project in Sabah.

Our company is currently in talks with a company for telco tower infrastructure works in Sabah. We are confident that we might be getting some jobs from this company.

We have shifted our company focus to East Malaysia especially Sabah, a state which requires advancement in network connectivity. The state government is paying a lot of attention to upgrading the connectivity from 4G to 5G in time to come. For this, we foresee a lot of opportunities for our company which is a telco contractor.
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Rancangan masa depan kami adalah untuk mendapatkan lebih banyak pekerjaan yang berkaitan dengan telco dari Pelanggan semasa dengan membuktikan dan menunjukkan kepada mereka bahawa kami adalah rakan kerja mereka yang boleh dipercayai terutama dalam projek menarik gentian optik semasa di Sabah.

Syarikat kami kini sedang berbincang dengan syarikat untuk kerja-kerja infrastruktur menara telco di Sabah. Kami yakin bahawa kami mungkin mendapat beberapa pekerjaan dari syarikat ini.

Kami telah mengalihkan fokus syarikat kami ke Malaysia Timur terutama di Sabah, sebuah negeri yang memerlukan kemajuan dalam penyambungan rangkaian. Kerajaan negeri memberi banyak perhatian untuk meningkatkan hubungan dari 4G ke 5G pada masa akan datang. Dengan ini, kami meramalkan banyak peluang untuk syarikat kami yang merupakan kontraktor Telco.

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

Our first-year closing fell on 30.06.2020 with an annual turnover of slightly less than RM50 thousand. That was our first year and the company performance was within our expectations. But the introduction of the first MCO on 18 March 2020 was outside our expectations. The impact was not only on my company's performance in the year 2020 but generally on the business activities and economy of the country.

Our second (2nd) year-end closing will fall on 30.06.2021. But considering the ongoing MCO one can expect a poor performance of my company.

Nevertheless, we are confident that the company's performance surely will pick up in the third year with the recently awarded project in Sabah, not to mention again future jobs with the same customer.

We are confident that our company future is bright.

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Penutupan bagi tahun pertama kami jatuh pada 30.06.2020 dengan perolehan tahunan sedikit kurang daripada RM50 ribu. Itu adalah tahun pertama kami dan prestasi syarikat sesuai dengan jangkaan kami. Tetapi pengenalan MCO pertama pada 18 Mac 2020 adalah di luar jangkaan kami. Kesannya bukan hanya pada prestasi syarikat pada tahun 2020 tetapi juga pada aktiviti perniagaan dan ekonomi negara.

Penutupan akhir tahun kedua (ke-2) akan dijangka pada 30.06.2021. Tetapi memandangkan MCO yang sedang berjalan, kami menjangkakan prestasi syarikat kami yang buruk.

Walaupun begitu, kami yakin prestasi syarikat pasti akan meningkat pada tahun ketiga dengan projek yang baru diterima di Sabah, pekerjaan masa depan dengan pelanggan yang sama.

Kami yakin bahawa masa depan syarikat kami cerah.

Number of years in business? / Usia Perniagaan?

The company was incorporated in March 2019 hence we are in business for more than two (2) years.

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Syarikat ini diperbadankan pada bulan Mac 2019 oleh itu kami menjalankan perniagaan selama lebih dari dua (2) tahun.

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

Funds raised on the platform will be used as working capital for recruiting more workers for the project as the project is labor-intensive, purchasing of additional tools and equipment necessary for the project.

Funds are also used to increase cash flow which is vital for survival especially during the waiting period for payment to be honored by the customer.

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Dana yang dikumpulkan di platform akan digunakan sebagai modal kerja untuk pengambilan lebih banyak pekerja untuk projek tersebut kerana projek ini memerlukan tenaga kerja, pembelian alat dan peralatan tambahan yang diperlukan untuk projek tersebut.

Dana juga digunakan untuk meningkatkan aliran tunai yang sangat penting untuk kelangsungan perniagaan terutamanya dalam tempoh menunggu pembayaran dari pelanggan.

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

The funds will be used as bridging financing to finance ZPS’s project on their fiber optic pulling project in Sabah granted by OCK Setia Engineering Sdn Bhd (OCK). Once OCK pays ZPS, the Principal will be paid to all Investors.

microLEAP has independently verified that the contract from OCK has been awarded to ZPS for their fiber optic pulling project in Sabah. Due to the Covid-19 pandemic and MCO/CMCO/RMCO since March 2020, many students are required to implement home-based learning and Work From Home for employees in non-essential industry. This situation leads to increase in demand for high-speed internet needs and unlimited data at home.

According to the project business proposal, this project total worth is almost RM3 million upon the completion of this project. The Issuer will be paid progressively by the main contractor, OCK, depending on the progression of the project.

The Director of ZPS will also become Personal Guarantor for this financing. The Guarantor’s i-Score is rated 6 ('Fair') with a Probability of Default (PD) of 5% - 10% by an external credit bureau. The Guarantor has other borrowings from other lenders, there have been few late payments on the Issuer's other loans, but he has regularised his payments and is now managing them well. 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.
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Dana tersebut akan digunakan sebagai penghubung pembiayaan untuk membiayai projek ZPS pada projek menarik serat optik mereka di Sabah yang diberikan oleh OCK. Setelah OCK membayar ZPS, Prinsipal akan dibayar kepada semua Pelabur.

microLEAP secara bebas mengesahkan bahawa kontrak dari OCK telah diberikan kepada ZPS untuk projek menarik serat optik di Sabah. Disebabkan pandemik Covid-19 dan PKP/PKPP/PKPB sejak Mac 2020, ramai pelajar diminta untuk melaksanakan pengajaran dan pembelajaran dari rumah dan Bekerja Dari Rumah untuk pekerja di industri yang tidak penting. Keadaan ini membawa kepada peningkatan permintaan untuk keperluan internet berkelajuan tinggi dan data tanpa had di rumah.

Menurut cadangan perniagaan projek, jumlah projek ini bernilai hampir RM3 juta setelah projek ini selesai. Penerbit akan dibayar secara berperingkat oleh kontraktor utama, OCK, bergantung kepada perkembangan projek tersebut.

Pengarah ZPS juga akan menjadi Penjamin Peribadi untuk pembiayaan ini. Skor i-Penjamin dinilai 6 ('Fair') dengan Kebarangkalian Lalai (PD) 5% - 10% oleh biro kredit luaran. Penjamin mempunyai pinjaman lain dari pemberi pinjaman lain, ada sedikit pembayaran lewat pinjaman lain dari Penerbit, tetapi dia telah mengatur pembayarannya dan sekarang menguruskannya dengan baik. Nota Pelaburan ini mempunyai penilaian MR6 (Risiko Sederhana 6) dan oleh itu ia mempunyai kualiti kredit sederhana-lemah dan risiko lalai sederhana tinggi.

Invest Now
Rate of Returns
9%
(equivalent to 18% 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.
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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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