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NT-2112-00018

NT-2112-00018

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MR7

Full Aces, Trading,

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 diceburi mereka?

Our company is based in Balakong. We specialize in Selling, Distribution, Service, Repair and Maintenance of automotive parts.

Products that we sell are as follows: Lowered coil springs, Shock absorbers, driveshafts, suspension parts, disc rotors, brake pads, hydraulic clutches, engine oils.

Our target market is usually medium to large size SME who typically deals in automotive, tyres, spare parts and hardware in this industry. We are able to maintain such customers to be with us all these years due to our competitive pricing and our lasting relationship with them. We provide all our customers with our best service and constant care for their needs.
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Syarikat kami berpusat di Balakong. Kami pakar dalam Menjual, Pengedaran, Servis, Pembaikan, dan Penyelenggaraan alat ganti automotif.
Produk yang kami jual adalah seperti berikut: Spring gegelung diturunkan, Penyerap hentakan, aci pemacu, bahagian suspensi, rotor cakera, pad brek, klac hidraulik, minyak enjin.
Sasaran pasaran kami biasanya PKS bersaiz sederhana hingga besar yang biasanya berurusan dalam automotif, tayar, alat ganti dan perkakasan dalam industri ini. Kami dapat mengekalkan pelanggan sedemikian untuk bersama kami selama ini kerana harga yang kompetitif dan hubungan kami yang berkekalan dengan mereka. Kami menyediakan semua pelanggan kami perkhidmatan terbaik kami dan penjagaan berterusan untuk keperluan mereka.

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

The owner has a wide extensive of experience in the spare parts industry. Before setting up his own company, he previously worked as a Sales Manager, covering the whole west and east Malaysia region while leading a team of 15 salesmen in this industry. He has worked at the company for more than 12 years before deciding to venture out on his own. With sufficient background in the industry, supplement by his market knowledge and existing relationship to have a steady customer base, he set out to form the company to cater the blooming industry. In the past decade, the company was able to secure valuable returning customers, due to our ability to provide a wide range of genuine and high quality automotive spare parts with competitive pricing in Malaysia. We currently employed over 20 staffs.
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Pemilik mempunyai pengalaman yang luas dalam industri alat ganti. Sebelum menubuhkan syarikat sendiri, beliau pernah bekerja sebagai Pengurus Jualan, meliputi seluruh wilayah Malaysia barat dan timur sambil mengetuai pasukan 15 jurujual dalam industri ini. Beliau telah bekerja di syarikat itu selama lebih daripada 12 tahun sebelum membuat keputusan untuk meneroka sendiri. Dengan latar belakang yang mencukupi dalam industri, ditambah dengan pengetahuan pasarannya dan hubungan sedia ada untuk mempunyai pangkalan pelanggan yang mantap, beliau berhasrat untuk membentuk syarikat untuk memenuhi industri yang sedang berkembang pesat. Dalam sedekad yang lalu, syarikat berjaya mendapatkan pelanggan pulangan yang berharga, kerana keupayaannya menyediakan pelbagai jenis alat ganti automotif tulen dan berkualiti tinggi dengan harga yang kompetitif di Malaysia. Kami kini memiliki lebih 20 kakitangan.

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

We are currently venturing into the manufacturing line for shock absorbers, our company has been in this industry for more than 10 years, we have definitely the means and knowledge to produce high quality absorbers. As we are the frontline of the industry, we know exactly what is the current market requirements on the item.
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Kami sedang menceburi bidang pembuatan untuk penyerap hentakan, syarikat kami telah berada dalam industri ini selama lebih dari 10 tahun, kami pasti mempunyai cara dan pengetahuan untuk menghasilkan penyerap yang berkualiti tinggi. Memandangkan kami adalah barisan hadapan industri, kami tahu dengan tepat apakah keperluan pasaran semasa bagi item tersebut.

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

FYE 2020 total revenue: RM25.139 million and profit before tax: RM709,583
FYE 2019 total revenue: RM26.284 million and profit before tax: RM855,489
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Jumlah hasil FYE 2020: RM25.139 juta dan keuntungan sebelum cukai: RM709,583
Jumlah hasil FYE 2019: RM26.284 juta dan keuntungan sebelum cukai: RM855,489

Number of years in business? / Usia perniagaan?

13 years
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13 tahun

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

To purchase from our supplier in cash term to get a better rate.
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Untuk membeli daripada pembekal secara tunai untuk mendapatkan kadar yang lebih baik.

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

The Issuer's Company i-score is rated as 6 (Fair) with a Probability of Default (PD) of >5% - 10% as rated by Experian, while the Guarantor is rated 8 (Good) with a PD of >1.5% - 2.5%. The Issuer has other borrowings from other lenders but has sufficient revenue to manage its payment of RM2,666.67 a month to microLEAP with a good payment track record with other borrowers. This Investment Note has an MR7 (Medium Risk 7) rating and so it has a Lower Medium Credit Quality and a Upper Medium Risk of Default.
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I-skor bagi Perniagaan penerbit dinilaikan sebagai 6 (Fair) dengan Kebarangkalian Keingkaran (PD) dari >5% - 10%. manakala Penjamin dinilai 8 (Good) dengan PD >1.5% - 2.5% seperti yang dinilai oleh Experian. 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. Nota Pelaburan ini mempunyai penarafan MR7 (Risiko Sederhana 7) dan oleh itu ia mempunyai Kualiti Kredit Sederhana Rendah dan Risiko Sederhana Atas Kelalaian.

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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.
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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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