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NT-2204-00002

NT-2204-00002

i
LR3

The Lorry Online - Term Financing #1, Transportation,

RM 250,000 for 12 month term. RM 250,000 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?

The Lorry Online (TheLorry) is a logistic & transportation service provider to their e-Commerce customer. TheLorry is a fast and simple lorry rental booking platform. We provide services such as vehicle transport from small size to 5 tonne lorry, professional house moving, furniture disposal, office moving and business logistics solution.
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The Lorry Online (TheLorry) ialah pembekal perkhidmatan logistik & pengangkutan kepada pelanggan e-Dagang mereka. TheLorry ialah platform tempahan lori yang pantas dan ringkas. Kami menyediakan perkhidmatan seperti pengangkutan kenderaan daripada saiz kecil kepada lori 5 tan, pindah rumah profesional, pelupusan perabot, pindah pejabat dan penyelesaian logistik perniagaan.

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

The company founders are appointed as Company Director. As at now, we have around 100 staff and still increasing as business expands.
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Pengasas syarikat dilantik sebagai Pengarah Syarikat. Pada masa ini, kami mempunyai kira-kira 100 kakitangan dan masih meningkat apabila perniagaan berkembang.

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

To serve more e-Commerce customers, government projects & SME customers. We want to be the most trusted logistics platform and market leader in South-East Asia and to be the bridge that connects customers and driver-partners by providing a progressive platform.
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Untuk memberi perkhidmatan kepada lebih ramai pelanggan e-Dagang, projek kerajaan & pelanggan PKS. Kami mahu menjadi platform logistik dan peneraju pasaran yang paling dipercayai di Asia Tenggara dan menjadi jambatan yang menghubungkan pelanggan dan rakan kongsi pemandu dengan menyediakan platform yang progresif.

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

Our revenue has increased from RM27.393 mil in 2019, to RM46.478 million in 2020 and RM49.111 million in 2021. Though we are still in loss status we believe with the expanding of business in Malaysia and our oversea subsidiary, the loss will start reducing and turn into profit.
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Hasil kami telah meningkat daripada RM27.393 juta pada 2019, kepada RM46.478 juta pada 2020 dan RM49.111 juta pada 2021. Walau bagaimanapun, walaupun kami masih dalam status kerugian, kami percaya dengan pengembangan perniagaan di Malaysia dan anak syarikat kami di luar negara, kerugian akan mula berkurangan dan bertukar menjadi untung.

Number of years in business? / Usia perniagaan?

The business registered in October 2014, and the business has been running for more than 8 years.
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Perniagaan telah didaftarkan pada October 2014, dan perniagaan telah beroperasi selama lebih dari 8 tahun.

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

For business expansion & to increase number of staff to support the increase of business volume
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Untuk pengembangan perniagaan & menambah bilangan kakitangan bagi menyokong peningkatan jumlah perniagaan

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

Please see Factsheet in the picture attached in this Investment Note for more information.

This is the 1st Term Financing Investment Note hosted by Issuer. The Issuer i-score is rated as 8 (‘Good’) with a Probability of Default (PD) 1.5% to 2.5% as rated by Experian. This Issuer comes with a LR3 Credit Rating (Low Risk 3) and has a Low Risk of Default and has a strong Credit Quality due to its good cash flow. Though the net profit is negative, Issuer has a very strong Total Assets, Cash and Bank Balances to meet their commitments to Investors. The Issuer has other borrowings from other lenders but has sufficient revenue to manage its payment of RM22,708.33 a month to microLEAP with a good payment track record with other lenders.
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Sila lihat Lembaran Fakta pada gambar yang dilampirkan dalam Nota Pelaburan ini untuk maklumat lebih lanjut.

Ini merupakan Nota Pelaburan Pembiayaan Berkala yang Pertama oleh Penerbit. Seperti yang dinilai oleh Experian, i-skor Pengeluar dinilai sebagai 8 (‘Baik’) dengan Kebarangkalian Lalai (PD) 1.5% hingga 2.5% seperti yang dinilai oleh Experian. Penerbit dinilai dengan Penilaian Kredit LR3 (Risiko Rendah 3) dan mempunyai Risiko Kemungkiran Rendah, mempunyai Kualiti Kredit yang kukuh kerana aliran tunainya yang baik. Walaupun keuntungan bersih adalah negatif, Penerbit mempunyai Jumlah Aset yang kuat, Tunai dan Baki Bank yang sihat untuk memenuhi komitmen mereka kepada Pelabur. Penerbit mempunyai pinjaman lain daripada pemberi pinjaman lain tetapi mempunyai hasil yang mencukupi untuk menguruskan pembayarannya sebanyak RM22,708.33 sebulan kepada microLEAP dengan rekod prestasi pembayaran yang baik dengan pemberi pinjaman lain.

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Rate of Returns
9% p.a
Total Gross Return on Investment
-

Funded Note

Credit Ratings
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.

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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