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NT-2203-00003

NT-2203-00003

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MR6

AZ Tech #2, Trading,

RM 120,000 for 24 month term. RM 120,000 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 business is based in Selayang. They sell electronic goods such as smartphones online to individual consumers as well as businesses. They also have an offline store.
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Perniagaan penerbit berpusat di Selayang. Mereka menjual barang elektronik seperti telefon pintar secara atas talian kepada pengguna individu dan juga perniagaan. Mereka juga mempunyai kedai luar talian.

Who is the owner / key person(s) in the business? / Siapakah pemilik / tunggak utama perniagaan ini?

The key person for this business is also the owner for this business. Issuer has 6 full-time staff and 8 part-time staff.
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Orang penting untuk perniagaan ini juga merupakan pemilik untuk perniagaan ini. Penerbit mempunyai 6 kakitangan sepenuh masa dan 8 kakitangan sambilan.

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

Issuer plans to expand their business to other states and increase the sales of their products.
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Penerbit merancang untuk mengembangkan perniagaan mereka ke negeri lain dan meningkatkan jualan produk mereka.

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

Their sales in 2019 is around RM3.0 mil, in 2020 is around RM10.0 mil and in 2021 is around RM19.0 mil. Issuer business is still growing.
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Jualan mereka pada tahun 2019 adalah sekitar RM3.0 juta, pada tahun 2020 adalah sekitar RM10.0 juta dan pada tahun 2021 adalah sekitar RM19.0 juta. Perniagaan penerbit semakin berkembang.

Number of years in business? / Usia perniagaan?

They have been in the business for 2 and a half years.
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Mereka telah berkecimpung dalam perniagaan selama 2 setengah tahun.

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

This fund will be use as a working capital to buy more stock.
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Dana ini akan digunakan sebagai modal kerja untuk membeli lebih banyak saham.

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

This is the second (2nd) Investment Note with microLEAP by the Issuer. The Issuer has a good payment record on their first Investment Note with microLEAP with only 3 payments left out of 12 to complete their financing.
As rated by Experian, the Issuer's Company i-score is rated as 3 (Weak) with a Probability of Default (PD) of >30%-50%, however, the Guarantor is rated 6 (Fair) with a PD of >5%-10%. We have implement Standing Instructions (SI) for their monthly payments and the Issuer has more than RM100,000 balance in their operating bank account for the past 6 months which helps to mitigate any credit risk. The Issuer has other borrowings from other lenders but has sufficient revenue to manage its payment of RM18,375.00 a month to microLEAP. Issuer has few late payments record with other financial institution previously, but these late payment has been regularized.
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 adalah Nota Pelaburan kedua (ke-2) dengan microLEAP oleh Penerbit. Penerbit mempunyai rekod pembayaran yang baik pada Nota Pelaburan pertama mereka dengan microLEAP dengan hanya berbaki 3 pembayaran daripada 12 untuk menyelesaikan pembiayaan mereka.
Seperti yang dinilai oleh Experian, i-skor Syarikat Pengeluar dinilai sebagai 3 (Lemah) dengan Kebarangkalian Lalai (PD) >30%-50%, manakala Penjamin dinilai 6 (Sederhana) dengan PD >5% -10%. Kami telah melaksanakan Arahan Tetap (SI) untuk pembayaran bulanan mereka dan Penerbit mempunyai lebih daripada RM100,000 baki dalam akaun bank operasi mereka selama 6 bulan yang membantu mengurangkan sebarang risiko kredit.Penerbit mempunyai pinjaman lain daripada pemberi pinjaman yang lain tetapi mempunyai hasil yang mencukupi untuk menguruskan pembayarannya sebanyak RM18,375.00 sebulan kepada microLEAP. Pengeluar mempunyai beberapa rekod pembayaran lewat dengan institusi kewangan lain sebelum ini, tetapi pembayaran telah ditetapkan.
Nota Pelaburan ini mempunyai penarafan MR6 (Risiko Sederhana 6) dan oleh itu ia mempunyai kualiti kredit sederhana-lemah dan risiko kemungkiran sederhana-tinggi.

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Rate of Returns
13% 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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