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.
NQSB , Agriculture,
RM 300,000 for 12 month term. RM 300,000 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 yang dijalankan?
Established in 2000, the company is in the business of processing palm oil waste to produce sludge palm oil. The sludge palm oil is sold for the purpose of bio-diesel use. The company currently has 2 projects in different locations in Johore.
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Ditubuhkan pada tahun 2000, Syarikat ini menjalankan perniagaan memproses sisa minyak sawit untuk menghasilkan minyak sawit enap cemar. Minyak sawit enap cemar tersebut dijual untuk kegunaan biodiesel. Syarikat ini kini mempunyai 2 projek di lokasi berbeza di Johor.
Who is the owner / key person(s) in the business? / Siapakah pemilik / individu penting dalam perniagaan?
The majority owner is an experienced individual in the corporate world, and was previously on the board of a public listed company. He is currently a director of several private companies. He is supported by a team of experienced individuals in legal, operations, business development and finance. The company has been in this business since 2015 and has 2 long term contracts with a GLC.
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Pemilik adalah seorang individu berpengalaman dalam dunia korporat dan pernah menjadi ahli lembaga pengarah di sebuah syarikat tersenarai awam. Beliau kini merupakan pengarah di beberapa syarikat swasta. Beliau disokong oleh pasukan yang berpengalaman dalam bidang perundangan, operasi, pembangunan perniagaan, dan kewangan. Syarikat ini telah menjalankan perniagaan ini sejak tahun 2015 dan mempunyai dua kontrak jangka panjang dengan sebuah GLC.
What are their future plans? / Apakah rancangan masa depan mereka?
The company intends to continue with its existing contracts and will consider expanding its business should the right opportunity come along.
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Syarikat ini berhasrat untuk meneruskan kontrak sedia ada dan akan mempertimbangkan untuk mengembangkan perniagaannya sekiranya terdapat peluang yang sesuai.
What has been their annual sales turnover? / Berapakah jumlah perolehan jualan tahunan mereka?
The total annual sales for 2023 amounted to RM4,060,026.
The total annual sales as of June 2024 amounted to RM9,767,134.64, and
The total Half year sales for the year end 2024 is RM5,580,427.39.
The jump in the 2024 sales was due to the commencement of a 2nd contract. With the continuing strength of the CPO prices, the company expects its revenue to be at a steady level.
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Jumlah jualan tahunan bagi tahun 2023 adalah sebanyak RM4,060,026.
Jumlah jualan tahunan sehingga Jun 2024 adalah RM9,767,134.64, dan
Jumlah jualan separuh tahun bagi akhir 2024 adalah RM5,580,427.39.
Peningkatan jualan pada tahun 2024 disebabkan oleh permulaan kontrak kedua. Dengan kestabilan harga minyak sawit mentah (CPO), syarikat menjangkakan pendapatannya akan kekal pada tahap yang stabil.
Number of years in business? / Berapa lamakah perniagaan ini telah beroperasi?
The company was incorporated in 2000 and migrated to this business in 2015, which is currently in its 10th year in the industry..
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Syarikat ini telah diperbadankan pada tahun 2000 dan beralih kepada perniagaan ini pada tahun 2015,yang kini memasuki tahun ke-10 dalam industri.
How would the Issuer utilise the funds raised on the platform? / Bagaimanakah Penerbit akan menggunakan dana yang diperoleh di platform?
The funds will be used for working capital purposes and for the repairs and maintenance of equipment.
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Dana ini akan digunakan untuk modal kerja serta bagi tujuan pembaikan dan penyelenggaraan peralatan.
The rationale behind the Issuer's Credit Risk Score - microLEAP's Comments
Please download the Fact sheet in this Investment Note for more information.
The Issuer has sufficient revenue to manage its payment to microLEAP and both 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 Company is rated as 10 (Strong) with a Probability of Default (PD) of <1%, and the Guarantor is rated as 7 (Good) with PD of >2.5%-5%.
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.
Penerbit mempunyai hasil yang mencukupi untuk mengurus pembayarannya kepada microLEAP dan kedua-dua Penerbit dan Penjamin telah menunjukkan rekod prestasi pembayaran yang baik dengan pemberi pinjaman yang lain. Kami mempunyai Arahan Tetap (SI) untuk memastikan pembayaran segera keuntungan dan prinsipal ke dalam akaun Amanah kami.
Seperti yang dinilai oleh Experian, perniagaan dinilai sebagai 10 (Kuat) dengan Kebarangkalian Lalai (PD) <1%, dan Penjamin dinilai sebagai 7 (Baik) dengan PD >2.5%-5%.
Nota Pelaburan ini mempunyai penarafan MR7 (Risiko Sederhana 7) dan oleh itu ia mempunyai Kualiti Kredit Sederhana Rendah dan Risiko Sederhana Atas Kelalaian.
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.
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This Investment Note pays a low Interest Rate and has a low Risk of Default.
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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.
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This Investment Note pays an upper-medium Interest Rate and has an upper-medium Risk of Default.
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This Investment Note pays a high Interest Rate and has a high Risk of Default.
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