Welcome to microLEAP. Would you like to Raise Funds or Become a P2P Investor?
NT-2106-00016

NT-2106-00016

i
MR7

Hong Lim Transportation, Logistics,

RM 50,000 for 24 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?

Issuer engaged in a business as transportation and logistics company by delivering customer goods to the destination as required by customer, mainly from palm oil industry. We own 8 units of trailers and lorries for our daily business operation.
Most of the time, we deliver palm oil products such as Crude Palm Oil, Palm Kernel and Palm Kernel Shell from palm oil mill to the destination place as required by customer. We are also delivered Fresh Fruit Bunches from plantation sites to palm oil mill. We are also dealing with customer which involved in building, construction & others.
________________________________________________________________________________________
Penerbit melakukan perniagaan sebagai syarikat pengangkutan dan logistik dengan menyerahkan barang pelanggan ke tujuan seperti yang dikehendaki oleh pelanggan, terutama dari industri kelapa sawit. Kami memiliki 8 unit treler dan lori untuk operasi perniagaan harian kami.
Selalunya, kami menghantar produk minyak sawit seperti Minyak Sawit Mentah, Kernel Kelapa Sawit dan Shell Kernel Sawit dari kilang kelapa sawit ke tempat tujuan seperti yang dikehendaki oleh pelanggan. Kami juga diserahkan Tandan Buah Segar dari lokasi perladangan ke kilang kelapa sawit. Kami juga berurusan dengan pelanggan yang terlibat dalam pembinaan, pembinaan & lain-lain.

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

One of the Directors has 10 years of experience in the industry. Prior to founding the company, he worked in the same industry and had a good networking and experience to get a job consistently. He also leads the entire operation including 10 staff, and 2 other Directors.
________________________________________________________________________________________
Salah seorang Pengarah mempunyai pengalaman selama 10 tahun dalam industri ini. Sebelum mendirikan syarikat ini, dia bekerja di industri yang sama dan mempunyai jaringan dan pengalaman yang baik untuk mendapatkan pekerjaan secara konsisten. Dia juga memimpin keseluruhan operasi termasuk 10 kakitangan, dan 2 Pengarah lain.

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

To increase our transportation services throughout the whole Sarawak and expand the business by increasing the trucks and services.
________________________________________________________________________________________
Untuk meningkatkan perkhidmatan pengangkutan kami ke seluruh Sarawak dan mengembangkan perniagaan dengan meningkatkan trak dan perkhidmatan.

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

Year 2018: RM1.048mil (based on audited report)
Year 2019: RM1.408mil (based on audited report)
Year 2020: RM1.189mil (based on audited report)
Year 2021 (projection): RM1.500mil (based on management account up to December 2020)
________________________________________________________________________________________
Tahun 2018: RM1.048 juta (berdasarkan laporan yang diaudit)
Tahun 2019: RM1.408 juta (berdasarkan laporan yang diaudit)
Tahun 2020: RM1.189 juta (berdasarkan laporan yang diaudit)
Tahun 2021 (unjuran): RM1.500 juta (berdasarkan akaun pengurusan sehingga Disember 2020)

Number of years in business? / Usia perniagaan?

10 years since May 2011.
________________________________________________________________________________________
10 tahun semenjak Mei 2011.

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

Will be use as working capital to expand the business.
________________________________________________________________________________________
Akan digunakan sebagai modal kerja untuk mengembangkan perniagaan.

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

This is the second Investment Note from this Issuer, with the previous Investment Note fully repaid. The Issuer has other borrowings from other lenders. However, he has sufficient revenue to manage its payment of RM2,666.67 a month to microLEAP with a good payment track record with other borrowers. As the company's activities involved in logistics and transportation, it is allowed to operate as usual during MCO. The owner is also the Guarantor for this financing and the Guarantor's I-score is 7 ('Good') with a Probability of Default (PD) of 2.5%-5% 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.
________________________________________________________________________________________
Ini adalah Nota Pelaburan kedua dari Penerbit ini, dengan Nota Pelaburan sebelumnya sudah dilunaskan sepenuhnya. Penerbit mempunyai pinjaman lain dari institusi pembiayaan. Namun, beliau mempunyai pendapatan yang cukup untuk menguruskan pembayarannya sebanyak RM2,666,67 sebulan kepada microLEAP dengan rekod pembayaran yang baik dengan peminjam lain. Oleh kerana aktiviti syarikat melibatkan lojistik dan pengangkutan, ia dibenarkan beroperasi seperti biasa semasa PKP. Pemiliknya juga Penjamin untuk pembiayaan ini dan skor I-Penjamin adalah 7 ('Baik') dengan Kebarangkalian keingkaran (PD) 2.5% -5% menurut biro kredit luaran. Risikonya adalah MR7 (Risiko Sederhana 7) dan oleh itu ia mempunyai Kadar Faedah atas-menengah dan mempunyai Risiko keingkaran menengah-atas.

Invest Now
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.

View Funding List