NT-2308-00007

NT-2308-00007

i
MR6

Full Aces 3, Trading,

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 diceburi mereka?

The company Full Aces is situated in Balakong. Specializes in the sales, distribution, servicing, repair, and maintenance of automotive components. The range of products they offer includes lowered coil springs, shock absorbers, driveshafts, suspension parts, disc rotors, brake pads, hydraulic clutches, and engine oils.

Their primary focus is on catering to medium to large-sized SMEs operating within the automotive, tire, spare parts, and hardware sectors. Over the years, they have cultivated enduring relationships with these businesses by offering competitive pricing and maintaining a strong rapport. They consistently provide top-notch service and unwavering attention to their customer's requirements.
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Syarikat Full Aces terletak di Balakong. Pakar dalam penjualan, pengedaran, servis, pembaikan dan penyelenggaraan komponen automotif. Rangkaian produk yang mereka tawarkan termasuk spring gegelung diturunkan, penyerap hentak, aci pemacu, bahagian suspensi, pemutar cakera, pad brek, klac hidraulik dan minyak enjin.

Tumpuan utama mereka adalah untuk memenuhi keperluan PKS bersaiz sederhana hingga besar yang beroperasi dalam sektor automotif, tayar, alat ganti dan perkakasan. Selama bertahun-tahun, mereka telah memupuk hubungan yang berkekalan dengan perniagaan ini dengan menawarkan harga yang kompetitif dan mengekalkan hubungan yang kukuh. Mereka secara konsisten memberikan perkhidmatan terbaik dan perhatian yang tidak berbelah bahagi kepada keperluan pelanggan mereka.

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

The owner has a wide extensive experience in the spare parts industry. Before setting up his own company, he previously worked as a Sales Manager, covering the whole west and east Malaysia region while leading a team of 15 salesmen in this industry. He worked at the company for more than 12 years before deciding to venture out on his own. With sufficient background in the industry, supplemented by his market knowledge and existing relationship to have a steady customer base, he set out to form the company to cater to the booming industry. In the past decade, the company was able to secure valuable returning customers, due to their ability to provide a wide range of genuine and high-quality automotive spare parts with competitive pricing in Malaysia. They currently employed over 20 staff.
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Pemilik mempunyai pengalaman yang luas dalam industri alat ganti. Sebelum menubuhkan syarikat sendiri, beliau sebelum ini bekerja sebagai Pengurus Jualan, meliputi seluruh wilayah Malaysia barat dan timur sambil mengetuai pasukan 15 jurujual dalam industri ini. Dia bekerja di syarikat itu selama lebih daripada 12 tahun sebelum membuat keputusan untuk meneroka sendiri. Dengan latar belakang yang mencukupi dalam industri, ditambah dengan pengetahuan pasarannya dan hubungan sedia ada untuk mempunyai pangkalan pelanggan yang mantap, beliau berhasrat untuk membentuk syarikat itu untuk memenuhi industri yang sedang berkembang pesat. Dalam dekad yang lalu, syarikat itu berjaya mendapatkan pelanggan pulangan yang berharga, kerana keupayaan mereka untuk menyediakan pelbagai jenis alat ganti automotif tulen dan berkualiti tinggi dengan harga yang kompetitif di Malaysia. Mereka kini menggaji lebih 20 kakitangan.

What are their future plans? / Apakah pelan masa depan mereka?

They are currently venturing into the manufacturing line for shock absorbers, their company has been in this industry for more than 10 years, and they have definitely the means and knowledge to produce high-quality absorbers. As they are the frontline of the industry, they know exactly what is the current market requirements for the item.
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Mereka kini menceburi bidang pembuatan penyerap hentakan, syarikat mereka telah berada dalam industri ini selama lebih daripada 10 tahun, dan mereka pasti mempunyai cara dan pengetahuan untuk menghasilkan penyerap berkualiti tinggi. Memandangkan mereka adalah barisan hadapan industri, mereka tahu dengan tepat apakah keperluan pasaran semasa untuk item tersebut.

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

YTD (April) 2023 total revenue: RM 16,538,719.00 and profit before tax: RM 947,687.00
2022 total revenue: RM 44,375,927.00 and profit before tax: RM 2,766,447.00
2021 total revenue: RM 32,459,757.00 and profit before tax: RM 1,503,882.00
2020 total revenue: RM 25,139,876.00 and profit before tax: RM 1,026,429.00
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Jumlah hasil sehingga (April) 2023: RM 16,538,719.00 dan keuntungan sebelum cukai: RM 947,687.00
Jumlah hasil 2022: RM 44,375,927.00 dan keuntungan sebelum cukai: RM 2,766,447.00
Jumlah hasil 2021: RM RM 32,459,757.00 dan keuntungan sebelum cukai: RM 1,503,882.00
Jumlah hasil 2020: RM RM 25,139,876.00 dan keuntungan sebelum cukai: RM 1,026,429.00

Number of years in business? / Usia perniagaan?

The business started in 2008 until now which is currently the 15th year in this industry.
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Perniagaan ini bermula pada tahun 2008 sehingga kini yang kini merupakan tahun ke-15 dalam industri.

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

To purchase from their supplier in cash terms to get a better rate.
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Untuk membeli daripada pembekal secara tunai untuk mendapatkan kadar yang lebih baik.

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 3rd Investment Note hosted by Issuer. As rated by Experian, the Issuer's Company i-score is rated as 6 (Fair) with a Probability of Default (PD) of >5% - 10%. The Guarantor is rated as 8 (Good) with a Probability of Default (PD) of >1.5%-2.5% and the 2nd Guarantor is rated as 8 (Good) with PD of >1.5%-2.5%.
The Issuer has other borrowings from other lenders but has sufficient revenue to manage its payment of RM2,666.67 a month to microLEAP with a good payment record with other lenders.
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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Sila muat turun Lembaran Fakta dalam Nota Pelaburan ini untuk maklumat lebih lanjut.

Ini merupakan Nota Pelaburan ke-3 oleh Penerbit. Seperti yang dinilai oleh Experian, i-skor Syarikat Pengeluar dinilai sebagai 6 (Sederhana) dengan Kebarangkalian Lalai (PD) >5% - 10%. Penjamin dinilai sebagai 8 (Baik) dengan Kebarangkalian Lalai (PD) >1.5% - 2.5% dan Penjamin Kedua dinilai sebagai 8 (Baik) dengan PD >1.5%-2.5%.
Penerbit mempunyai pinjaman lain daripada pemberi pinjaman lain tetapi mempunyai hasil yang mencukupi untuk menguruskan pembayarannya sebanyak RM2,666.67 sebulan kepada microLEAP dengan rekod pembayaran yang baik dengan pemberi pinjaman lain.
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
14% 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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