NT-2403-00005

NT-2403-00005

i
HR8

Milky Kuala Lumpur, Restaurants,

RM 55,000 for 18 month term. RM 55,000 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?

Milky Kuala Lumpur is the go-to place for crepe and pancake lovers seeking a special dining experience. Originating from Croatia, Milky is a restaurant chain known for its premium crepes and pancakes. With nearly 30 locations across 10 countries, Milky has become a recognised brand in Europe. Their entry into Malaysia was driven by the growing demand for Western food, particularly crepes. Milky aims to bring a unique and top-quality dining experience to Malaysians, filling a gap in the market.
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Milky Kuala Lumpur ialah tempat pilihan untuk penggemar krep dan penkek yang mencari pengalaman istimewa. Berasal dari Croatia, Milky ialah rangkaian restoran yang terkenal dengan krep premium dan penkeknya. Dengan hampir 30 lokasi di 10 negara, Milky telah menjadi jenama yang diiktiraf di Eropah. Kemasukan mereka ke Malaysia didorong oleh permintaan yang semakin meningkat untuk makanan Barat, khususnya krep. Milky berhasrat untuk membawa pengalaman makan yang unik dan berkualiti tinggi kepada rakyat Malaysia, mengisi jurang dalam pasaran.

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

Milky's dedicated Malaysian team, led by 3 key personnel includes the Country Chief Executive Officer and Director who brings a wealth of experience, including successfully raising RM700,000 through Equity Crowdfunding for Milky Kuala Lumpur.
Their Chief Sustainability Officer and Director is a recognised individual, being part of Forbes 30 Under 30 Asia and the first Asian Muslim female President of a UK University-based Social Enterprise.
The company Head of Operations has contributed with a robust background in Corporate Banking and Investment Management in Shariah-compliant platforms.
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Pasukan Malaysia yang berdedikasi di dalam Milky, diketuai oleh 3 kakitangan utama iaitu Ketua Pegawai Eksekutif dan Pengarah Negara yang telah membawa banyak pengalaman termasuk berjaya mengumpul RM700,000 melalui Equity Crowdfunding untuk Milky KL.
Ketua Pegawai Kelestarian dan Pengarah mereka adalah individu yang diiktiraf dalam menjadi sebahagian daripada Forbes 30 Bawah 30 Asia dan Presiden wanita Muslim Asia pertama bagi Perusahaan Sosial yang berpangkalan di Universiti UK.
Ketua Operasi syarikat mereka menyumbang dengan latar belakang yang kukuh dalam Perbankan Korporat dan Pengurusan Pelaburan dalam platform patuh Syariah.

What are their future plans? / Apakah rancangan mereka pada masa hadapan?

After the successful launch of Milky KL's first location at KL Trillion, plans are underway to open a minimum of three more establishments within the next four years in Kuala Lumpur, with further expansion planned in other Malaysian states and ASEAN countries. Milky HQ harbors aspirations for global expansion.

The extensive research and development invested in Milky Products resulted in the discovery of exceptional flavours. Notably, all Milky premises not only weathered the challenges of the Covid-19 pandemic but also demonstrated the brand's resilience and customer loyalty, solidifying Milky as a robust market presence
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Selepas kejayaan pelancaran lokasi pertama Milky KL di KL Trilion, rancangan seterusnya adalah membuka sekurang-kurangnya tiga lagi pertubuhan dalam tempoh empat tahun akan datang di Kuala Lumpur, ini termasuk mengembangkan perniagaan di negeri-negeri Malaysia dan negara ASEAN yang lain. Milky HQ menyimpan aspirasi untuk pengembangan global.

Penyelidikan dan pembangunan meluas yang dilaburkan dalam Produk Milky menghasilkan penemuan perisa yang luar biasa. Terutama, semua premis Milky bukan sahaja mengharungi cabaran pandemik Covid-19 tetapi juga menunjukkan daya tahan jenama dan kesetiaan pelanggan, mengukuhkan Milky sebagai kehadiran pasaran yang teguh

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

Milky KL is presently in the Pre-Revenue stage. Our financial projections derive from the performance metrics of Milky restaurants in Europe, with necessary adjustments to align with the unique taste preferences and restaurant dining demand in the Malaysian market. Additionally, we consider adapted Cost of Goods and Operational Expenses tailored to the local context.
The conservative monthly revenue target stands at RM 129,000, projecting a profit margin of 10% or potentially higher during the initial year at a single location.
In a strategic effort to ensure consistent revenue streams and foster financial growth, Milky KL will extend its services beyond business-to-consumer (B2C) operations. Specifically, we will cater to corporate orders and events, aiming to fortify the Milky brand as a local favorite and establish a strong presence in the market
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Milky KL kini dalam peringkat Pra-Hasil. Unjuran kewangan kami diperoleh daripada metrik prestasi restoran Milky di Eropah, dengan pelarasan yang diperlukan untuk sejajar dengan pilihan citarasa unik dan permintaan santapan restoran di pasaran Malaysia. Selain itu, kami menganggap Kos Barangan dan Perbelanjaan Operasi yang disesuaikan dengan konteks tempatan.
Sasaran hasil bulanan konservatif berjumlah RM 129,000, mengunjurkan margin keuntungan sebanyak 10% atau berpotensi lebih tinggi pada tahun awal di satu lokasi.
Dalam usaha strategik untuk memastikan aliran hasil yang konsisten dan memupuk pertumbuhan kewangan, Milky KL akan melanjutkan perkhidmatannya melangkaui operasi perniagaan kepada pengguna (B2C). Khususnya, kami akan memenuhi pesanan dan acara korporat, bertujuan untuk mengukuhkan jenama Milky sebagai kegemaran tempatan dan mewujudkan kehadiran yang kukuh dalam pasaran.

Number of years in business? / Usia perniagaan?

The business was established in November 2022.
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Perniagaan ini ditubuhkan pada November 2022.

How would the Issuer utilise the funds raised on the platform? / Bagaimanakah Penerbit akan memanfaatkan dana yang diperoleh di platform?

The funds will serve as a financial safeguard to address unforeseen expenses, with a designated portion allocated for additional restaurant decorations. This strategic investment aims to elevate customer satisfaction and fortify the overall image of the Milky brand.
The safety net component is integral to our working capital, ensuring the seamless operation of the restaurant during its opening phase and the initial months of operation.
Specifically, 20% or less of the funds will be directed towards enhancing the aesthetic appeal of the restaurant, while the remaining 80% will be allocated as working capital to sustain and facilitate the operational aspects of the business
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Dana yang diperolehi akan berfungsi sebagai perlindungan kewangan untuk menangani perbelanjaan yang tidak dijangka, dengan bahagian yang ditetapkan untuk hiasan restoran tambahan. Pelaburan strategik ini bertujuan untuk meningkatkan kepuasan pelanggan dan mengukuhkan imej keseluruhan jenama Milky.
Komponen jaringan keselamatan adalah penting kepada modal kerja kami, memastikan operasi lancar restoran semasa fasa pembukaannya dan bulan-bulan awal operasi.
Secara khusus, 20% atau kurang daripada dana akan diarahkan bagi tujuan meningkatkan daya tarikan estetik restoran, manakala baki 80% akan diperuntukkan sebagai modal kerja untuk mengekalkan dan memudahkan aspek operasi perniagaan.

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

Please download the Factsheet in this Investment Note for more information.
This is the 1st Financing Investment Note hosted by the Issuer on microLEAP's Platform.
The Guarantor is rated 5 (Fair) with a PD of 10% - 20% as rated by Experian.
The issuer has sufficient bank balance to manage its total payment of RM3,743.06 a month to microLEAP. Due to the Issuer being pre-revenue, this Investment Note is set at HR8 (High Risk 8) and so it has a High Profit Rate and may have a High Risk of Default.
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Sila muat turun Lembaran Fakta dalam Nota Pelaburan ini untuk maklumat lanjut.
Ini ialah Nota Pelaburan Pembiayaan pertama yang dihoskan oleh Pengeluar pada Platform microLEAP.
Penjamin dinilai 5 (Adil) dengan PD 10% - 20% seperti yang dinilai oleh Experian. Penerbit mempunyai baki bank yang mencukupi untuk menguruskan jumlah pembayarannya sebanyak RM3,743.06 sebulan kepada microLEAP.
Disebabkan Penerbit adalah pra-hasil, Nota Pelaburan ini ditetapkan pada HR8 (Berisiko Tinggi 8) dan oleh itu ia mempunyai Kadar Keuntungan Tinggi dan mungkin mempunyai Risiko Lalai Tinggi.

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Rate of Returns
15% p.a
Total Gross Return on Investment
-

Funded Note

Credit Ratings
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.

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.
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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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