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NT-2202-00002

NT-2202-00002

i
MR6

Eng Tat Battery 2, Trading,

RM 40,000 for 18 month term. RM 40,000 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?

We are offering our own car batteries brand known as PLATINUM that is ordered directly from manufacturer (OEM) and supply to workshop, logistics, coachbuilder as well as express bus. We focus on wholesale to sell the batteries directly to customer to earn higher profit margin. Our batteries are well demanded due to the price is lower than other brands. We would like to thanks our loyal customer for trusting our brand and quality of the product and also for introducing us to other new customer. Currently we only have one outlet in Johor.
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Kami menawarkan jenama bateri kereta kami sendiri yang dikenali sebagai PLATINUM yang dipesan terus dari pengeluar (OEM) dan dibekalkan ke bengkel, logistik, pembuat kereta dan juga bas ekspres. Kami memfokuskan memborong bateri secara langsung kepada pelanggan untuk memperolehi margin keuntungan yang lebih tinggi. Bateri kami sangat laris kerana harganya yang lebih rendah daripada jenama lain. Kami juga ingin mengucapkan terima kasih kepada pelanggan setia kami kerana mempercayai jenama dan kualiti produk kami dan juga untuk memperkenalkan kami kepada pelanggan baru yang lain. Pada masa ini kami hanya mempunyai satu cawangan di Johor.

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

The issuer is the owner of this business. The business currently has 3 staff and the Issuer have more than 7 years experience in this industry. Battery considered as essential goods so we don't have much impact during the COVID-19 pandemic period.

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Penerbit adalah pemilik perniagaan ini. Perniagaan ini buat masa sekarang mempunyai 3 kakitangan. Penerbit juga mempunyai pengalaman lebih dari 7 tahun dalam industri ini. Bateri dianggap sebagai barang keperluan maka kami tidak banyak terkesan dalam tempoh pandemik COVID-19.

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

We plan to increase our customers in other states as well in order to expand our sales. Currently, we cover Johor area only.
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Kami merancang untuk meningkatkan pelanggan kami di negeri lain juga untuk memperluaskan penjualan kami. Pada masa ini, kami meliputi Johor sahaja.

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

Our sales for the year 2019, 2020 and 2021 are RM536k, RM446k and RM475k consecutively. Hopefully this year we can increase by 15% of the sales figure.
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Jualan kami untuk tahun 2019, 2020 dan 2021 adalah RM536k, RM446k dan RM475k berturut-turut. Semoga tahun ini kita dapat meningkat sebanyak 15% dari angka jualan.

Number of years in business? / Usia perniagaan?

We have running this business for 5 years since 2017.
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Perniagaan saya telah beroperasi selama 5 tahun semenjak 2017.

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

The funds will be used to buy more stocks. Our sales have increased lately due to our affordable price compared to other brands. In this new norm, customers will start to compare the price and cut down operation costs. We stand in a better position because we directly order from the manufacturer. Therefore, we need funding to have a better cash flow.
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Dana tersebut akan digunakan untuk membeli lebih banyak stok. Jualan kami meningkat akhir-akhir ini kerana harga yang berpatutan berbanding jenama lain. Dalam norma baru ini, pelanggan akan mula membandingkan harga dan mengurangkan kos operasi. Kami berada dalam kedudukan yang lebih baik kerana kami membuat pesanan secara langsung dari pengilang. Oleh itu, kita memerlukan dana untuk mempunyai aliran tunai yang lebih baik.

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

This is the 2nd Investment Note hosted by Issuer. The issuer has a good payment record on their first Investment Note with microLEAP and there are only 4 payments left out of 12. The Issuer's Company i-score is rated as 7 (Good) with a Probability of Default (PD) of 2.5% - 5% as rated by Experian, while the Guarantor is rated 5 (Fair) with a PD of 10% - 20%. The Issuer has other borrowings from other lenders but has sufficient revenue to manage its payment of RM2,662.22 a month to microLEAP with a good payment track record with other borrowers. 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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Ini merupakan Nota Pelaburan ke-2 oleh Penerbit. Penerbit mempunyai rekod pembayaran yang baik pada Nota Pelaburan pertama mereka dengan microLEAP dan hanya tinggal 4 pembayaran daripada 12. I-skor bagi Perniagaan penerbit dinilaikan sebagai 7 (Baik) dengan Kebarangkalian Keingkaran (PD) dari 2.5% - 5%. manakala Penjamin dinilai 5 (Sederhana) dengan PD 10% - 20% seperti yang dinilai oleh Experian. Penerbit mempunyai pinjaman lain dari institusi pembiayaan. Namun, beliau mempunyai pendapatan yang cukup untuk menguruskan pembayarannya sebanyak RM2,662.22 sebulan kepada microLEAP dengan rekod pembayaran yang baik dengan peminjam lain. 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.
.

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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