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.
Jin Siang 8 Buffet Services (BIG Programme), Food & Beverage,
RM 15,000 for 18 month term. RM 15,000 funded
Is this a Shariah-compliant Investment Note? / Adakah ianya Nota Pelaburan patuh Syariah?
Yes/Ya
What is the BIG Programme? / Apakah itu BIG Programme?
This financing is an alternative financing programme under the name 'Bankable, Investable Gameplan Program (BIG) Programme' initiated by the Ministry of Entrepreneur and Cooperative Development (KUSKOP / MECD) & SME Corp Malaysia. The BIG Programme is to help Micro, Small and Medium Enterprises (MSMEs) to obtain business financing from SME Corp together with microLEAP investors.
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Nota pelaburan ini merupakan Program Pembiayaan alternatif di bawah nama 'Program Bankable, Investable Gameplan (BIG)' dimulakan oleh Kementerian Pembangunan Usahawan dan Koperasi (KUSKOP / MECD) & SME Corp Malaysia untuk membantu Perusahaan Mikro, Kecil dan Sederhana (PMKS) mendapatkan dana perniagaan bersama pelabur-pelabur microLEAP.
Who is the Issuer and what does the business do?/ Siapakah Penerbit dan apakah perniagaan diceburi mereka?
Jin Siang 8 Buffet Services, based in Penang, offers catering and buffet services for events like corporate gatherings, birthday parties, weddings, and baby full moon celebrations. They operate from one branch, where they prepare all the food and beverages before each event. The team ensures high-quality and delicious dishes to make every occasion memorable.
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Jin Siang 8 Buffet Services, yang berpangkalan di Pulau Pinang, menawarkan perkhidmatan katering dan bufet untuk acara seperti perhimpunan korporat, parti hari jadi, perkahwinan dan sambutan bulan purnama bayi. Mereka beroperasi dari satu cawangan, di mana mereka menyediakan semua makanan dan minuman sebelum setiap acara. Pasukan ini memastikan hidangan berkualiti tinggi dan lazat untuk menjadikan setiap majlis tidak dapat dilupakan.
Who is the owner / key person(s) in the business?/ Siapakah Pemilik Perniagaan ini?
The owner of Jin Siang 8 Buffet Services has been with the company since its inception in 2019. Currently, they employ four full-time staff members and several part-time staff whose numbers vary based on the size of the event. This ensures that their catering services are fully delivered to meet client needs. All their food is prepared in a home-cooked style to evoke "the smell of home." They believe that their services help strengthen relationships, foster family bonding, and create warm, passionate gatherings where everyone can come together.
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Pemilik Jin Siang 8 Buffet Services telah bersama syarikat itu sejak penubuhannya pada 2019. Pada masa ini, mereka menggaji empat kakitangan sepenuh masa dan beberapa kakitangan sambilan yang bilangannya berbeza-beza berdasarkan saiz acara. Ini memastikan perkhidmatan katering mereka dapat memenuhi keperluan pelanggan. Semua makanan mereka disediakan dan dimasak sendiri untuk membangkitkan "bau rumah." Mereka percaya bahawa perkhidmatan mereka membantu mengeratkan hubungan, memupuk ikatan kekeluargaan, dan mewujudkan perhimpunan yang mesra dan bersemangat di mana semua orang boleh berkumpul.
What are their future plans?/ Apakah pelan masa depan mereka?
Jin Siang 8 Buffet Services is planning to open an additional outlet to better serve their clients, including their loyal long-term customers. Their goal is to cater 100 different events each month, presenting an exciting new challenge for their team.
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Jin Siang 8 Buffet Services merancang untuk membuka cawangan tambahan untuk memberi perkhidmatan yang lebih baik kepada pelanggan mereka, termasuk pelanggan setia jangka panjang mereka. Matlamat mereka adalah untuk memenuhi 100 acara berbeza setiap bulan, memberikan cabaran baharu yang menarik untuk pasukan mereka.
What has been their annual sales turnover?/ Bagaimanakah hasil jualan tahunan?
In the year 2023, revenue is RM 160,034.83
For the year 2022, revenue is RM 114,803.08
For the year 2021, revenue is RM 40,510.00
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Pada tahun 2023, hasil ialah RM 160,034.83
Bagi tahun 2022, hasil ialah RM 114,803.08
Bagi tahun 2021, hasil ialah RM 40,510.00
Number of years in business?/ Usia perniagaan?
They started their business in March 2019, and it has been in operation for over five years as of today.
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Mereka memulakan perniagaan mereka pada Mac 2019, dan ia telah beroperasi selama lebih lima tahun setakat hari ini.
How would the Issuer utilise the funds raised on the platform?/ Apakah yang kami akan lakukan dengan wang yang dikumpul di platform ini?
Jin Siang 8 Buffet Services is seeking to raise funds to renovate their new business premises. This renovation is essential to expand their capacity and enhance their ability to deliver higher volume services to their valued clients. By upgrading their facilities, they aim to improve service quality and efficiency, ensuring that they can meet the growing demands and expectations of their customers.
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Jin Siang 8 Buffet Services sedang berusaha untuk mengumpul dana untuk mengubah suai premis perniagaan baharu mereka. Pengubahsuaian ini penting untuk mengembangkan kapasiti mereka dan meningkatkan keupayaan mereka untuk menyampaikan perkhidmatan volum yang lebih tinggi kepada pelanggan mereka. Dengan menaik taraf kemudahan mereka, mereka berhasrat untuk meningkatkan kualiti dan kecekapan perkhidmatan, memastikan mereka dapat memenuhi permintaan dan jangkaan pelanggan yang semakin meningkat.
The rationale behind the Issuer's Credit Risk Score - microLEAP's Comments
Please download the Factsheet in this Investment Note for more information.
This is the 1st Financing Investment Note hosted by the Issuer on microLEAP's Platform.
The Guarantor is rated 4 (Fair) with a PD of >20% - 30% as rated by Experian.
The issuer has sufficient bank balance to manage its total payment of RM1,027.08 a month to microLEAP. This Investment Note is set at HR8 (High Risk 8) and so it has a High Profit Rate and may have a High Risk of Default.
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Sila muat turun Lembaran Fakta dalam Nota Pelaburan ini untuk maklumat lanjut.
Ini ialah Nota Pelaburan Pembiayaan pertama yang dihoskan oleh Pengeluar pada Platform microLEAP.
Penjamin dinilai 4 (Sederhana) dengan PD >20% - 30% seperti yang dinilai oleh Experian.
Penerbit mempunyai baki bank yang mencukupi untuk menguruskan jumlah pembayarannya sebanyak RM1,027.08 sebulan kepada microLEAP. Nota Pelaburan ini ditetapkan pada HR8 (Berisiko Tinggi 8) dan oleh itu ia mempunyai Kadar Keuntungan Tinggi dan mungkin mempunyai Risiko Kemungkiran Tinggi.
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