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NT-2109-00002

NT-2109-00002

i
MR6

JK Grocer 2, E-commerce,

RM 20,000 for 24 month term. RM 20,000 funded 18 Days Left

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 diceburi mereka?

I am the sole owner of JK Grocer located in Bandar Sunway, Selangor. My business has 2 main focus - One, is to help traditional business owner to digitalize their business and sell online. Second, is to do some trading for groceries both online and offline (physical store). At first, I only focused on offline and website sales. However, I plan to start selling at Shopee as well for a few of my businesses like selling e-books and so on. The results were very encouraging and I started to add many more variations of products. At the beginning, this business was only from home, especially during the Covid-19 period. However, as customer demand increased, stocks and variations also increased, so I will be sending the goods to some of my customers offline as well. So, the focus of business now is Shopee, offline-delivery etc.
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Saya adalah pemilik tunggal JK Grocer yang terletak di Bandar Sunway, Selangor. Perniagaan saya mempunyai 2 fokus utama - Satu, adalah untuk membantu pemilik perniagaan tradisional untuk mendigitalkan perniagaan mereka dan menjual secara dalam talian. Kedua, melakukan perdagangan untuk barangan runcit dalam talian dan luar talian (kedai fizikal). Pada mulanya, saya hanya menumpukan pada penjualan luar talian dan laman web. Namun, saya merancang untuk mula menjual di Shopee juga untuk beberapa perniagaan saya seperti menjual e-buku dan sebagainya. Hasilnya sangat memberangsangkan dan saya mula menambah lebih banyak variasi produk. Pada awalnya, perniagaan ini hanya dari rumah, terutamanya dalam tempoh Covid-19. Namun, atas permintaan pelanggan yang meningkat, stok dan variasi juga meningkat, jadi saya akan mengirimkan barang ke beberapa pelanggan saya di luar talian juga. Jadi, fokus perniagaan sekarang ialah Shopee, penghantaran luar talian dll.

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

I am the owner of the business and assisted by my friends and family from the beginning. In my future prospect, I will invite more members to my team in order to make the business greater. The members would be having their expertise in different areas.
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Saya adalah pemilik perniagaan dan dibantu oleh rakan dan keluarga saya sejak awal. Dalam prospek masa depan saya, saya akan menjemput lebih ramai ahli ke pasukan saya untuk menjadikan perniagaan lebih hebat. Anggota akan mempunyai kepakaran mereka dalam bidang yang berbeza.

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

First of all, the future plan could be the expansion of the service. We are planning to do an expansion in Selangor and Pahang as well in the future. Due to the Covid-19 pandemic, the demand for digitalization of traditional business and self-learning has been increased.
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Pertama sekali, rancangan masa depan ingin pengembangan perkhidmatan. Kami juga merancang untuk mengembagkan Perniagaan di Selangor dan Pahang pada masa akan datang. Oleh kerana pandemik Covid-19, permintaan untuk digitalisasi perniagaan tradisional dan pembelajaran kendiri telah meningkat.

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

The annual sales turnover since 2019 has achieved a significant improvement. On 2020, my revenue for the first 9 months was RM8,179. Our total annual gross sales for this year (2021) are approximately RM88,400 and we have made a net profit of RM 28,900. Higher revenue and better performance have been forecasted and expected in the future
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Perolehan jualan tahunan sejak 2019 telah mencapai peningkatan yang ketara. Pada 2020, keuntungan perniagaan untuk 9 bulan pertama telah memperoleh keuntungan sebanyak RM8,179. Jumlah jualan kasar pada tahun ini (2021) adalah dianggarkan sekitar RM88,400 dan kami telah memperoleh keuntungan bersih sebanyak RM28,900. Hasil yang lebih tinggi dan prestasi yang lebih baik telah diramalkan dan diharapkan pada masa akan datang

Number of years in business? / Usia perniagaan?

The business registered in September 2019, and the business has been running for about 2 years.
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Perniagaan telah didaftarkan pada September 2019, dan perniagaan telah beroperasi selama kira-kira 2 tahun.

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 utilize the fund as our working capital. Besides, we will also use it to fulfil our future plan and make the cash flow become better as well.
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Kami akan menggunakan dana tersebut sebagai modal kerja kami. Selain itu, kami juga akan menggunakannya untuk memenuhi rancangan masa depan kami dan menjadikan aliran tunai menjadi lebih baik juga.

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

The Issuer has Personal Guarantor for this financing and the Guarantor i-Score is rated 5 ('Fair') with a Probability of Default (PD) of 10% - 20% by an external credit bureau. The Issuer has a diversified revenue stream by selling both online and offline, which will minimise the impact of CMCO. The Issuer sells online through Facebook, Instagram and Shopee and so we believe they are well placed to survive through MCO/ CMCO/ RMCO. The Issuer has no other borrowings and has sufficient revenue to manage its payment of RM1,053.33 a month to microLEAP. 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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Penerbit mempunyai Penjamin Peribadi untuk pembiayaan ini dan i-Skor Penjamin dinilai 5 ('Fair') dengan Kebarangkalian Keingkaran (PD) dari 10% - 20% oleh Agensi kredit. Penerbit mempunyai aliran pendapatan yang pelbagai dengan menjual secara dalam talian dan luar talian, yang akan mengurangkan kesan CMCO. Penerbit juga menjual secara dalam talian melalui Facebook, Instagram dan Shopee dan oleh itu, kami percaya mereka berada di kedudukan yang baik untuk bertahan semasa PKP/ PKPB/ PKPP. Penerbit tidak mempunyai pinjaman lain dan mempunyai pendapatan yang cukup untuk menguruskan pembayarannya sebanyak RM1,053.33 sebulan kepada microLEAP. Nota Pelaburan ini mempunyai penarafan MR6 (Risiko Sederhana 6) dan oleh itu ia mempunyai kualiti kredit sederhana-lemah dan risiko keingkaran sederhana-tinggi.

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Rate of Returns
13.2% 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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