NT-2408-00007

LR3

SME - NOAH TRAVELOG SDN BHD, Smecorp,

RM 500,000 for 36 month term. RM 500,000 funded

100 % Funded

Is this a Shariah-compliant Investment Note? / Adakah ianya Nota Pelaburan patuh Syariah?

Yes

Who is the Issuer and what does the business do?

Noah Travelog Sdn Bhd is a travel agency based in Johor Bahru, Malaysia that offers a range of services, including ticketing, inbound and outbound travel arrangements, exclusive hotel rates, and curated travel experiences. The company was originally incorporated in 2012 with a focus on shipping, logistics and forwarding services. It then shifted the core business more to travel agency operations in 2023. Noah Travelog is listed in the Ministry of Tourism, Arts and Culture (MOTAC) database, indicating compliance with necessary regulations for operating as a travel agency in Malaysia.

Who is the owner / key person(s) in the business?

Noah Travelog Sdn Bhd is spearheaded by Mr Woon Chee Shin and the spouse Madam Low Soo Teng. Both of them have over 10 years experience in the field.

What are their future plans?

Noah Travelog Sdn Bhd focuses on its core competency in travel agency services and leveraging its existing strengths in exclusive hotel rates and curated experiences in growing its business and providing enhanced value to its clients in the coming years.

What has been their annual sales turnover?

2023 : RM1.473M
2022 : RM645K
2021 : RM2.400M

Number of years in business?

12 years

How would the Issuer utilise the funds raised on the platform?

Noah Travelog Sdn Bhd secures the financing to organize more comprehensive travel arrangements for both local and international destinatio in catering to a larger number of tourists visiting Malaysia as well as Malaysians traveling abroadns. On the other hand, the fund will be investing in marketing campaigns to attract more clients and members. In order to showcase our exclusive offerings and attract new business, Noah Travelog will increase marketing activities such as participating in more travel fairs and events.

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

N/A

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.