NT-2307-00010

NT-2307-00010

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MR6

Hong Lim Transportation 5, 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?

Hong Lim Transportation was established in 2011 as a transport company in Sarawak. We have developed an outstanding reputation in the transportation with our own large fleet of dump trucks and trailer to meet the ever increasing demands of the transportation industry.
Today, we have geared our services to all over Sarawak. Now, with prudent management as well as professional, experienced and dedicated employees, we are proud to announce that we are able to arrange movement of goods anywhere, anytime around East Malaysia.
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Hong Lim Transportation telah ditubuhkan pada 2011 sebagai sebuah syarikat pengangkutan di Sarawak. Kami telah membangunkan reputasi yang cemerlang dalam pengangkutan dengan kumpulan besar trak sampah dan treler kami sendiri untuk memenuhi permintaan industri pengangkutan yang semakin meningkat.
Hari ini, kami telah menyasarkan perkhidmatan kami ke seluruh Sarawak. Kini, dengan pengurusan yang berhemat serta pekerja yang profesional, berpengalaman dan berdedikasi, kami berbesar hati untuk mengumumkan bahawa kami mampu mengatur pergerakan barangan di mana-mana, bila-bila masa di sekitar Malaysia Timur.

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

One of the director has 12 years experiences in this industry. Before set up this company, He worked in the same industry - he has enough connections to get job consistently. He is the one who making top-level decision, gathering resources that support the company and driving operational and structural changes that directly influence organizational growth. Another directors own master degree which handle all the management including managing staffs, oversee several financial aspects of business operations, such as calculating and projecting incoming revenue and company expenses. We have total 12 staffs excluding 2 directors.
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Salah seorang pengarah mempunyai pengalaman selama 12 tahun dalam industri ini. Sebelum menubuhkan syarikat ini, Dia bekerja dalam industri yang sama - dia mempunyai hubungan yang cukup untuk mendapatkan pekerjaan secara konsisten. Dialah yang membuat keputusan peringkat atasan, mengumpulkan sumber yang menyokong syarikat dan memacu perubahan operasi dan struktur yang secara langsung mempengaruhi pertumbuhan organisasi. Pengarah lain memiliki ijazah sarjana yang mengendalikan semua pengurusan termasuk kakitangan pengurusan, menyelia beberapa aspek kewangan operasi perniagaan, seperti mengira dan mengunjurkan pendapatan masuk dan perbelanjaan syarikat. Kami mempunyai 12 kakitangan tidak termasuk 2 pengarah.

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

In future, our vehicles are constantly maintained in tip top condition and our drivers are well-trained to ensure fast, smooth and safe transportation of palm oil products and cargoes to any destinations in Sarawak. We are also prepared to meet the future challenges by strengthening existing customers and assuming new customers relationship.
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Pada masa hadapan, kenderaan kami sentiasa diselenggara dalam keadaan terbaik dan pemandu kami terlatih untuk memastikan pengangkutan produk dan kargo minyak sawit yang cepat, lancar dan selamat ke mana-mana destinasi di Sarawak. Kami juga bersedia untuk menghadapi cabaran masa depan dengan mengukuhkan pelanggan sedia ada dan menganggap hubungan pelanggan baharu.

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

Our annual sales turnover as below:

Year 2020: RM1,189,950 (audited)
Year 2021: RM2,000,895 (audited)
Year 2022: RM2,803,142 (audited)
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Tahun 2020: RM1,189,950 (diaudit)
Tahun 2021: RM2,000,895 (diaudit)
Tahun 2022: RM2,803,142 (diaudit)

Number of years in business? / Usia perniagaan?

12 years since May 2011.
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12 tahun sejak 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?

The purpose of the funding request is to fund our working capital requirement and other business related general expenses.
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Tujuan permintaan pembiayaan adalah untuk membiayai keperluan modal kerja kami dan perbelanjaan am berkaitan perniagaan lain.

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

Please download the Factsheet in this Investment Note for more information.

This is the 5th Financing Investment Note hosted by the Issuer on microLEAP's Platform.
The issuer has sufficient revenue to manage its payment to microLEAP. The Issuer and Guarantors have shown a good payment track record with other lenders. We have Standing Instructions (SI) in place to ensure prompt payment of the profit and principal into our Trust account.
As rated by Experian, the Issuer's Guarantor is rated as 7 (Good) with a Probability of Default (PD) of >2.5%-5% meanwhile the 2nd Guarantor is rated as 6 (Fair) with a PD of >5%-10%.
This Investment Note has an MR6 (Medium Risk 6) rating and so it has a medium credit quality and medium risk of default.
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Sila muat turun Lembaran Fakta dalam Nota Pelaburan ini untuk maklumat lebih lanjut.

Ini ialah Nota Pelaburan Pembiayaan ke-5 yang dihoskan oleh Pengeluar dalam microLEAP Platform.
Penerbit mempunyai hasil yang mencukupi untuk mengurus pembayarannya kepada microLEAP. Penerbit dan Penjamin telah menunjukkan rekod prestasi pembayaran yang baik dengan pemberi pinjaman lain. Kami mempunyai Arahan Tetap (SI) untuk memastikan pembayaran segera keuntungan dan prinsipal ke dalam akaun Amanah kami.
Seperti yang dinilai oleh Experian, Penjamin Pengeluar dinilai sebagai 7 (Baik) dengan Kebarangkalian Lalai (PD) >2.5%-5% manakala Penjamin Kedua dinilai sebagai 6 (Sederhana) dengan PD >5%-10 %.
Nota Pelaburan ini mempunyai penilaian MR6 (Medium Risk 6) dan oleh itu, ia mempunyai kualiti kredit sederhana dan risiko keingkaran sederhana.

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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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