NT-2112-00012

LR3

SME - Oilfield Offshore Services Sdn Bhd, Oil & Gas,

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?

Oilfield Offshore Services Sdn Bhd is a provider of offshore and onshore pipeline inspection services as well as technical advisory for corrosion and NDT technical aspects. OOS is a registered contractor with the Ministry of Finance and Petronas license company with several SWEC code compliance. OOS is the exclusive agent for commercialisation of Aqua MTM technology in Malaysia. Aqua MTM is a technology for non-contact inspection which does not require interruption to pipeline operation for inspection.

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

Our founder and Managing Director, Muhamad Paizal has more than 20 years experience in management of onshore and offshore pipeline engineering and inspection. The company currently has 11 technical staff with a combined experience of more than 100 years in engineering, pipeline inspection and material coating and protection.

What are their future plans?

OOS plans to promote and expand the usage of the Aqua MTM technology in Malaysia and abroad.

What has been their annual sales turnover?

Annual sales turnover of RM1million - RM4million

Number of years in business?

10 years

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

Funds will be used for working capital and purchases for our pipeline inspection contract with Petronas Carigali Sdn Bhd.

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

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.