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NT-2202-00003

NT-2202-00003

i
MR7

Kenlung Trading, Trading,

RM 100,000 for 24 month term. RM 100,000 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 wholesale and trading of building materials & construction materials. Our main clients are developers or contractors. Kenlung Trading also building a sound reputation as a trusted supplier for building materials. Our quality product, reasonable prices and prompt delivery have also made us a supplier of choices for valued client in the construction industry. We supply various of construction product such as aluminium composite, aluminium foil/rockwool, BRC, steel bar, clay bricks, cement sand, brick, metal door frame, floor, wall tiles, and more. So far we only have one office located at Sungai Buloh.
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Kami adalah pemborong dan meniaga barangan pembinaan & bahan binaan. Pelanggan utama kami ialah pemaju atau kontraktor. Kenlung Trading juga membina reputasi yang kukuh sebagai pembekal yang dipercayai untuk bahan binaan. Produk berkualiti kami, harga berpatutan dan penghantaran segera juga telah menjadikan kami pembekal pilihan untuk pelanggan yang dihargai dalam industri pembinaan. Kami membekalkan pelbagai produk pembinaan seperti komposit aluminium, aluminium foil/rockwool, BRC, bar keluli, bata tanah liat, pasir simen, bata, rangka pintu logam, lantai, jubin dinding dan banyak lagi. Setakat ini kami hanya mempunyai satu pejabat yang terletak di Sungai Buloh.

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

The directors are handling the operation of the company. Both of the directors have more than 5 years of experience in related industry. So far we have 5 full-time staff and also a few workers in our company.
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Kedua-dua pengarah menguruskan bahagian operasi dalam syarikat itu. Kedua-dua pengarah mempunyai lebih daripada 5 tahun pengalaman dalam industri berkaitan. Setakat ini kami mempunyai 5 kakitangan sepenuh masa dan juga beberapa pekerja di syarikat kami.

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

In the future, we would like to expand our business to other states and also strive for better revenue and reputation in the construction industry.
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Pada masa hadapan, kami ingin mengembangkan perniagaan kami ke negeri lain dan juga berusaha untuk mendapatkan hasil dan reputasi yang lebih baik dalam industri pembinaan.

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

Revenue 2019 : RM 757,609
Revenue 2020 : RM 707,944
Revenue 2021 (Jan until June) : RM639,959
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Hasil Jualan 2019 : RM757,609
Hasil Jualan 2020 : RM 707,944
Hasil Jualan 2021 (Jan sehingga June) : RM639,959

Number of years in business? / Usia perniagaan?

We have running this business for 4 years since 2018.
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Perniagaan saya telah beroperasi selama 4 tahun semenjak 2018.

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

Currently, we are receiving various project orders from our clients. Right now, we are focusing on a construction project located at Johor Bharu. Therefore we need more working capital to supply to this particular project.
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Kami menerima pelbagai tempahan projek daripada pelanggan kami. Pada masa ini, kami memberi tumpuan kepada projek pembinaan yang terletak di Johor Bharu. Oleh itu kami memerlukan lebih banyak modal kerja untuk membekalkan projek ini.

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

As rated by Experian, the Issuer's Company i-score is rated as 10 (Strong) with a PD of < 1% , while the Guarantor is rated 5 (Fair) with a PD of >10% to 20%. The Issuer has borrowing from other lender and has sufficient revenue to manage its payment of RM5,333.33 a month to microLEAP. 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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Seperti yang dinilai oleh Experian, I-skor bagi Perniagaan penerbit dinilaikan sebagai 10 (Strong) dengan PD skor sebanyak <1% , manakala penjamin dinilai skor 5 (Fair) dengan PD sebanyak >10% hingga 20%. Penerbit mempunyai pinjaman lain dari institusi pembiayaan. Namun, beliau mempunyai pendapatan yang cukup untuk menguruskan pembayarannya sebanyak RM5,333.33 sebulan kepada microLEAP. 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.
.

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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