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.
SME - Veda Praxis Sdn Bhd, Healthcare,
RM 500,000 for 36 month term. RM 500,000 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?
Veda Praxis Sdn. Bhd., a provision of medical IOT (Internet of Things) Solution, Hardware and Software.Trading of medical equipment and consumable.Provision of telecommunication connectivity, enabling connected medical technology. We are based at Petaling Jaya. Our clientele ranges from small non-profit to a billion dollar corporation.
Who is the owner / key person(s) in the business?
Dato' Lee Chung Han, CEO of Veda Praxis, also the CEO of SMGB Group secured mining concessions with Sime Darby Plantation Berhad and Yayasan Kelantan (YAKIN). He started his career as an Investment Banker with CIMB investment banking division originating debt and equity deals and M&A. Previously Executive Director and CFO of Tune Group of Companies, help set-up Tune Talk, Tune Hotels, Tune Money, Tune Entertainment and Tune Sport. Founding member and CFO of the Lotus F1 Team. Veda Praxis incorporated in 2015, currently with a team expertising in IOT (Internet of Things) and a group of Medical Consultants strived during the on-going Covid-19 pandemic, specialises in equipping healthcare facilities in both government and private sector with various equipment to detect and diagnose COVID-19.
What are their future plans?
Veda Praxis will expand further to facilitate to the community's health and well being in line with the Medical Health Technology.
What has been their annual sales turnover?
Over the pat 3 years, we are grateful to have successfully profited and expand to cater to many needs in line with the current Medical Technology. With this, our intention is to further serve the community.
Number of years in business?
Started in 2015, Veda Praxis is now 6years in the industry.
How would the Issuer utilise the funds raised on the platform?
This funds are budgeted to invest in medical equipements as we expands our business.
The rationale behind the Issuer's Credit Risk Score - microLEAP's Comments
N/A
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.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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.