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NT-2203-00007

NT-2203-00007

i
MR6

Hong Lim Transportation #3, Logistics,

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 yang dijalankan Penerbit?

Issuer engaged in a business of transportation and logistics company by delivering customer goods to the destination as required by customer, mainly from palm oil industry. Issuer own 8 units of trailers and lorries for their daily business operation.
Most of the time, Issuer will deliver palm oil products such as Crude Palm Oil, Palm Kernel and Palm Kernel Shell from palm oil mill to the destination place as required by customer. Issuer are also delivered Fresh Fruit Bunches from plantation sites to palm oil mill and dealing with customer which involved in building, construction & others.
Issuer has developed an outstanding reputation in the transportation with their own large fleet of dump trucks and trailer to meet the ever increasing demands of the transportation industry.
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Penerbit melakukan perniagaan sebagai syarikat pengangkutan dan logistik dengan menyerahkan barang pelanggan ke tujuan seperti yang dikehendaki oleh pelanggan, terutama dari industri kelapa sawit. Penerbit memiliki 8 unit treler dan lori untuk operasi perniagaan harian kami.
Selalunya, Penerbit menghantar produk minyak sawit seperti Minyak Sawit Mentah, Kernel Kelapa Sawit dan Shell Kernel Sawit dari kilang kelapa sawit ke tempat tujuan seperti yang dikehendaki oleh pelanggan. Penerbit juga menyerahkan Tandan Buah Segar dari lokasi perladangan ke kilang kelapa sawit. Penerbit juga berurusan dengan pelanggan yang terlibat dalam pembinaan, pembinaan & lain-lain.
Penerbit telah membangunkan reputasi yang cemerlang dalam pengangkutan dengan kumpulan besar trak sampah dan treler mereka sendiri untuk memenuhi permintaan industri pengangkutan yang semakin meningkat.

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

One of the directors has 11 years experiences in this industry. Before set up this company, he worked in the same industry and he has enough networking to get job consistently. He is the one who leads the whole operation.
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Salah seorang pengarah mempunyai pengalaman selama 11 tahun dalam industri ini. Sebelum menubuhkan syarikat ini, dia bekerja dalam industri yang sama, beliau mempunyai hubungan yang cukup untuk mendapatkan pekerjaan secara konsisten. Beliaulah yang mengetuai keseluruhan operasi.

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

To expand our business throughout Sarawak region.
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Untuk mengembangkan perniagaan kami ke seluruh wilayah Sarawak.

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

Year 2019: RM1,408,558
Year 2020: RM1,189,950
Year 2021: RM2,000,895
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Tahun 2019: RM1,408,558
Tahun 2020: RM1,189,950
Tahun 2021: RM2,000,895

Number of years in business? / Usia perniagaan?

10 years and 10 months since May 2011.
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10 tahun dan 10 bulan semenjak Mei 2011.

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

As working capital to expand our business.
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Sebagai modal kerja untuk mengembangkan perniagaan kami.

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

This is the third (3rd) Investment Note with microLEAP by the Issuer. The Issuer has fully settled their first Investment Note with microLEAP and has a good payment record on their second Investment Note with microLEAP.
As rated by Experian, the Issuer's Company i-score is rated as 8 (Good) with a Probability of Default (PD) of 1.5-2.5%, however, the Guarantor is rated 6 (Fair) with a PD of >5%-10%. The Issuer has other borrowings from other lenders but has sufficient revenue to manage its total payment of RM5,312.50 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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Ini adalah Nota Pelaburan ketiga (ke-3) dengan microLEAP oleh Penerbit. Penerbit telah menyelesaikan sepenuhnya Nota Pelaburan pertama mereka dengan microLEAP dan mempunyai rekod pembayaran yang baik pada Nota Pelaburan kedua mereka dengan microLEAP.
Seperti yang dinilai oleh Experian, i-skor Syarikat Pengeluar dinilai sebagai 8 (Baik) dengan Kebarangkalian Lalai (PD) 1.5-2.5%, manakala Penjamin dinilai 6 (Sederhana) dengan PD >5% -10%. Penerbit mempunyai pinjaman lain daripada pemberi pinjaman yang lain tetapi mempunyai hasil yang mencukupi untuk menguruskan pembayarannya sebanyak RM5,312.50 sebulan kepada microLEAP.
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
13.5% 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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