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.
Evoteq, IT / Technology,
RM 100,000 for 24 month term. RM 100,000 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?
Our company is based in IOI Business Park, Bandar Puchong Jaya, Selangor. We operate in the Automation & Identification Data Capture (AIDC) industry, specializing in Point of Sales (POS) and Ruggedized Handheld Mobile Terminals. Our customer base primarily comprises hypermarkets, retailers, warehouses, and logistics companies. Currently, our main office is located in Puchong.
We offer comprehensive software and hardware solutions for SMEs, including CRM, app and management software, hardware sales, and hardware maintenance.
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Syarikat kami berpusat di IOI Business Park, Bandar Puchong Jaya, Selangor. Kami beroperasi dalam industri Automation & Identification Data Capture (AIDC), khusus dalam Point of Sales (POS) dan Terminal Mudah Alih Pegang Tangan Lasak. Pangkalan pelanggan kami terutamanya terdiri daripada pasar raya besar, peruncit, gudang dan syarikat logistik. Pada masa ini, pejabat utama kami terletak di Puchong.
Kami menawarkan penyelesaian perisian dan perkakasan yang komprehensif untuk PKS, termasuk CRM, aplikasi dan perisian pengurusan, jualan perkakasan dan penyelenggaraan perkakasan.
Who is the owner / key person(s) in the business? / Siapakah Pemilik Perniagaan ini?
The company was incorporated in 2017. The owner has over 10 years of experience in this industry and is well-equipped to manage the business. Currently, we have one Technical Manager who oversees hardware repair and maintenance, along with one technical staff member. Additionally, the owner serves as the core salesperson, supported by two salespersons based in Melaka and Johor Bahru.
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Syarikat ini telah diperbadankan pada tahun 2017. Pemilik mempunyai lebih 10 tahun pengalaman dalam industri ini dan dilengkapi dengan baik untuk menguruskan perniagaan. Pada masa ini, kami mempunyai seorang Pengurus Teknikal yang menyelia pembaikan dan penyelenggaraan perkakasan, bersama-sama dengan seorang kakitangan teknikal. Selain itu, pemilik bertindak sebagai jurujual teras, disokong oleh dua jurujual yang berpangkalan di Melaka dan Johor Bahru.
What are their future plans? / Apakah pelan masa depan mereka?
We have successfully expanded our company's business to Singapore and Hong Kong, securing two key accounts in each location. Our upcoming plans include further expansion into the Philippines and Vietnam this year. One of our key customers is expanding their retail and warehouse operations into these respective countries, prompting our expansion efforts.
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Kami telah berjaya mengembangkan perniagaan syarikat kami ke Singapura dan Hong Kong, mendapatkan dua akaun utama di setiap lokasi. Rancangan kami yang akan datang termasuk pengembangan selanjutnya ke Filipina dan Vietnam tahun ini. Salah satu pelanggan utama kami sedang mengembangkan operasi runcit dan gudang mereka ke negara masing-masing, mendorong usaha pengembangan kami.
What has been their annual sales turnover?/ Bagaimanakah hasil jualan tahunan?
Our annual sales turnover for year 2023 are 1,901,329.00
Management Account year 2023, profit before tax are 488,947.
our final audited account for year 2023 are in the process.
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Perolehan jualan tahunan kami untuk tahun 2023 ialah 1,901,329.00
Akaun Pengurusan tahun 2023, keuntungan sebelum cukai ialah 488,947.
akaun teraudit terakhir kami untuk tahun 2023 sedang dalam proses.
Number of years in business? / Usia perniagaan?
7 years
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7 tahun
How would the Issuer utilise the funds raised on the platform? / Apakah yang kami akan lakukan dengan wang yang dikumpul di platfrom ini?
We will use the funds raised for our working capital to purchase more stocks for our local market and to expand our business to other countries.
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Kami akan menggunakan dana yang diperoleh untuk modal kerja kami untuk membeli lebih banyak saham untuk pasaran tempatan kami dan untuk mengembangkan perniagaan kami ke negara 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.
As rated by Experian, the Issuer's Company i-score is rated as 9 (Strong) with a Probability of Default (PD) of >1%-1.5%. The Guarantor is rated as 6 (Fair) with a PD of >5%-10% and the 2nd Guarantor is rated 9 (Strong) with a PD of >1%-1.5%. The Issuer has other borrowings from other lenders but has sufficient revenue to manage its payments to microLEAP, maintaining a good payment track record.
This Investment Note has an MR7 (Medium Risk 7) rating and so it has a Lower Medium Credit Quality and an Upper Medium Risk of Default.
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Sila muat turun Lembaran Fakta dalam Nota Pelaburan ini untuk maklumat lebih lanjut.
Seperti yang dinilai oleh Experian, i-skor Syarikat Pengeluar dinilai sebagai 9 (Kuat) dengan Kebarangkalian Lalai (PD) >1%-1.5%. Manakala, Penjamin dinilai 6 (Adil) dengan PD >5%-10% dan Penjamin kedua dinilai 9 (Kuat) dengan PD >1%-1.5%. Penerbit mempunyai pinjaman lain daripada pemberi pinjaman lain tetapi mempunyai hasil yang mencukupi untuk menguruskan pembayarannya kepada microLEAP bagi mengekalkan rekod prestasi pembayaran yang baik.
Nota Pelaburan ini mempunyai penarafan MR7 (Risiko Sederhana 7) dan oleh itu ia mempunyai Kualiti Kredit Sederhana Rendah dan Risiko Sederhana Atas Kelalaian.
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