NT-2212-00008

NT-2212-00008

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MR7

Perambong, Trading,

RM 100,000 for 24 month term. RM 100,000 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 was started in 2014 by the founders and the company is purely in the business of paper recycling. The paper recycling industry was thriving, with the constant demand for supplies due to increased demand from paper mills. The business was also lower risk than its other counterpart, namely the metal and plastic recycling industry with is constantly embroiled in criminal and environmental issues. As of 2021, the company has approximately 200 paper containers in surrounding office blocks, industrial areas, and certain manufacturing factories which specialize in boxes and paper products. Their principal activities included: recycling management (solid waste management for fibre), document destruction, and weighing service.
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Syarikat ini bermula pada tahun 2014 oleh pengasas dan syarikat ini beroperasi dalam perniagaan kitar semula kertas. Industri kitar semula kertas berkembang maju, dengan permintaan berterusan untuk bekalan disebabkan peningkatan permintaan daripada kilang kertas. Perniagaan itu juga berisiko lebih rendah berbanding dengan perniagaan kitar semula yang lain, iaitu industri kitar semula logam dan plastik yang sentiasa terlibat dalam isu alam sekitar. Sehingga 2021, syarikat itu mempunyai kira-kira 200 bekas kertas di sekitar blok pejabat, kawasan perindustrian dan kilang pembuatan tertentu yang pakar dalam kotak dan produk kertas. Aktiviti utama mereka termasuk: pengurusan kitar semula (pengurusan sisa pepejal untuk gentian), pemusnahan dokumen, dan perkhidmatan penimbangan.

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

The founder has an entrepreneurial mindset and ventured into multiple businesses. He ventures into the recycling business in 2014 and successfully grow it into 1 of the top recycling company in Klang Valley. The company currently operates with over 26 staff.
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Pengasas mempunyai pemikiran keusahawanan dan menceburi pelbagai perniagaan. Beliau menceburi perniagaan kitar semula pada tahun 2014 dan berjaya mengembangkannya menjadi 1 daripada syarikat kitar semula terkemuka di Lembah Klang. Syarikat itu kini beroperasi dengan lebih 26 kakitangan.

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

Currently, the company paper collection is concentrated in the Klang and Shah Alam region, they are looking into expanding to other regions as they now have a larger facility in Sg Kandis, Shah Alam.
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Pada masa ini, koleksi kertas syarikat tertumpu di wilayah Klang dan Shah Alam, mereka sedang meninjau untuk berkembang ke wilayah lain kerana mereka kini mempunyai kemudahan yang lebih besar di Sg Kandis, Shah Alam.

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

YTD 2022 (January-June) total revenue: RM 43,359,786 and profit before tax: RM 2,124,781.00
FYE 2021 total revenue: RM 77,346,579 and profit before tax: RM 2,809,100.00
FYE 2020 total revenue: RM 44,290,648 and profit before tax: RM 1,272,331.00
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Hasil sehingga kini 2022 (Januari-Jun): RM 43,359,786 dan keuntungan sebelum cukai: RM 2,124,781
Jumlah hasil 2021: RM 77,346,579 dan keuntungan sebelum cukai: RM 2,809,100
Jumlah hasil 2020: RM 44,290,648 dan keuntungan sebelum cukai: RM 1,272,331

Number of years in business? / Usia perniagaan?

The business started in 2013 until now which is currently in its 9th year in the industry.
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Perniagaan ini bermula pada tahun 2013 sehingga kini yang kini memasuki tahun ke-9 dalam industri.

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

The fund will be used to pay our suppliers quicker and this will cause them to be more willing to provide their papers to us than other competitors.
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Dana tersebut akan digunakan untuk membayar pembekal kami dengan lebih cepat dan ini akan menyebabkan mereka lebih bersedia untuk memberikan kertas kerja mereka kepada kami berbanding pesaing 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 8 (Good) with a Probability of Default (PD) of >1.5%-2.5%. The Guarantor is rated as 8 (Good) with a PD of >1.5%-2.5% and the 2nd Guarantor is rated 8 (Good) with a PD of >1.5%-2.5% The Issuer has other borrowings from other lenders but has sufficient revenue to manage its payment of RM 5,333.33 a month to microLEAP with a good payment record with other lenders.
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 8 (Baik) dengan Kebarangkalian Lalai (PD) >1.5%-2.5%. Manakala, Penjamin dinilai 8 (Baik) dengan PD >1.5%-2.5 dan Penjamin kedua dinilai 8 (Baik) dengan PD >1.5%-2.5%. Penerbit mempunyai pinjaman lain daripada pemberi pinjaman yang lain tetapi mempunyai hasil yang mencukupi untuk menguruskan pembayarannya sebanyak RM 5,333.33 sebulan kepada microLEAP dengan rekod pembayaran baik dengan pemberi pinjaman yang lain.
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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Rate of Returns
14% p.a
Total Gross Return on Investment
-

Funded Note

Credit Ratings
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.

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.
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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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