Borrower ID: 258783 Inv Financing ID: MBIF-19040005 Date Started: 3 April 2019 Closing Date: TBC Invoice Financing Wholesale (Notified) Fact Sheet Details Recommended Quantum Terms of Payment (days) Interest Rate Interest Rate P.A. Security Disclosure Line limit Previous drawdown RM120,000.00 120 4.00% 12.00% Invoice & Director's Personal Guarantee Notified RM3,500,000.00 1. MBIF-18110002 - RM220,000.00, disbursed on 7/11/18; Principal outstanding: RM0.00 2. MBIF-18110009 - RM194,000.00, disbursed on 21/11/18; Principal outstanding: RM0.00 3. MBIF-18110017 - RM160,000.00, disbursed on 29/11/18; Principal outstanding: RM0.00 4. MBIF-18110019 - RM322,000.00, disbursed on 10/12/18; Principal outstanding: RM0.00 5. MBIF-18120003 - RM363,000.00, disbursed on 11/12/18; Principal outstanding: RM0.00 6. MBIF-18120004 - RM363,000.00, disbursed on 12/12/18; Principal outstanding: RM241,721.60 7. MBIF-18120014 - RM190,000.00, disbursed on 24/12/18; Principal outstanding: RM0.00 8. MBIF-18120018 - RM240,000.00, disbursed on 02/01/19; Principal outstanding: RM240,000.00 9. MBIF-19010004 - RM205,000.00, disbursed on 17/01/19; Principal outstanding: RM0.00 10. MBIF-19010012 - RM156,000.00, disbursed on 25/01/19; Principal outstanding: RM0.00 11. MBIF-19020003 - RM140,000.00, disbursed on 18/02/19; Principal outstanding: RM20,499.30 12. MBIF-19020012 - RM202,000.00, disbursed on 25/02/19; Principal outstanding: RM202,000.00 13. MBIF-19020015 - RM161,000.00, disbursed on 26/02/19; Principal outstanding: RM117,083.20 14. MBIF-19030002 - RM280,000.00, disbursed on 05/03/19; Principal outstanding: RM280,000.00 15. MBIF-19030005 - RM65,000.00, disbursed on 12/03/19; Principal outstanding: RM60,360.00 16. MBIF-19030009 - RM377,000.00, disbursed on 13/03/19; Principal outstanding: RM377,000.00 17. MBIF-19030021 - RM204,000.00, disbursed on 22/3/19; Principal outstanding: RM204,000.00 18. MBIF-19030031 - RM170,000.00, disbursed on 29/3/19; Principal oustanding: RM170,000.00 This targeted drawdown Unutilise line Existing Exposure Total Exposure Note: 1. 2. 1. MBBT-18040023 - monthly with final repayment due 22/04/19; outstanding: 2. MBIF-18120004 - repayment due 10/04/19; Principal + projected interest outstanding: 3. MBIF-18120018 - repayment due 01/05/19; Principal + projected interest outstanding: 4. MBIF-19020003 - repayment due 17/06/19; Principal + projected interest outstanding: 5. MBIF-19020012 - repayment due 24/06/19; Principal + projected interest outstanding: 6. MBIF-19020015 - repayment due 25/06/19; Principal + projected interest outstanding: 7. MBIF-19030002 - repayment due 02/07/19; Principal + projected interest outstanding: 8. MBIF-19030005 - repayment due 09/07/19; Principal + projected interest outstanding: 9. MBIF-19030009 - repayment due 10/07/19; Principal + projected interest outstanding: 10. MBIF-19030021 - repayment due 19/07/19; Principal + projected interest outstanding: 11. MBIF-19030031 - repayment due 26/07/19; Principal + projected interest outstanding: Total (inclusive of new CF): The interest is calculated on daily rest basis on advance amount upon receiving payment from debtor Issuer is allowed early gradual settlement as and when debtors pay up subject to maximum credit period of 120 days Investors' Net Return (After Investor Service Fee) Investor Service Fee (15% of interest amount) Investor Return Amount (85% of interest amount) Net Factor Rate SST (Malaysian tax resident) Withholding tax (non Malaysian tax resident) RM120,000.00 RM1,467,335.90 RM46,666.63 RM252,055.00 RM249,600.00 RM24,764.52 RM210,080.00 RM123,061.16 RM291,200.00 RM62,932.54 RM392,080.00 RM212,160.00 RM176,800.00 RM2,161,399.85 RM720.00 RM4,080.00 3.40% applicable standard rate set by the Royal Customs Dept 15% on Gross Interest Income Seller's(Issuer) Summary Incorporation: 21/11/2001 Business Nature: Issuer (company) was incorporated in 21st Nov 2001 which principally involved in trading of IT & smartphone related products including dekstop computer, laptops, tablets, smartphone, etc. Their major customer is a government body with 70% of their turnover contribution. In addition all of their products are comply with international safety standards which is suitable for people working in oil & gas industry, argriculture, utilities or crafts. Paid Up Capital : RM1,000,000 Employees: 40+ Litigation: No litigation history. Negative / Black List: Nil Payment Behaviour and financing record: Total number of financing : 10, with total loan limit of RM6.13M while outstanding balance stands at RM4.79M (position as at Sep'18). Number of applications in the past 12mths : 5, 4 approved and 1 pending decision by FI. PGs' Summary Director 1 Director 1 & Shareholder (60%) : 46 yrs old male, Malaysian. He is the key person in the company. He has more than 20 years of experiences in the industry. Negative / Black List: Nil. No history of litigation record noted Payment Behaviour and financing record Prompt repayment record on 15 existing records (12 Credit Card, 1 Housing loan, 1 HP, 1 overdraft accounts), earliest since 1996. Total loan limit (all loans) is at RM1.73M with outstanding balance of RM1.21M. Director 2 46 yrs old female, Malaysian. Wife to Director 1. She is not active in the business. Negative / Black List: Nil. No history of litigation record noted Payment Behaviour and financing record Prompt repayment record noted on 3 existing records (1 Credit card, 1 Housing loan and 1 HP account), earliest since 2010. Total loan limit (all loans) is at RM1.21M with outstanding balance of RM990K. Buyer's (Invoice Debtor) Summary Incorporation: 15-11-96 Business Nature: Incorporated in 15/11/1996 (22 years of excellence). Had a humble beginning as a mobile telecommunication retailer in 1997. Subsequently, they manage to grow from a humble start as a retailer to a distributor with a distribution network to almost 800 active dealers In a short period, they managed to become top 10 Distributor for Digi. There are range of products offered by them from telecommunication & electronic products, to mobile phones. The key personnel are specialist in cellular communication industry for the last decade or two. Since the introduction of DiGi cellular telecommunication services, they have been working very closely with Digi culminating in the formation of buyer to further strengthen this business partnership. Paid Up Capital : >RM1M Litigation: No litigation history. Negative / Black List: Nil Total Invoice Amount RM150,582.00 Years of relationship with Seller : New Average payment days for last 2 transactions : N.A. Invoice Summary Number of Invoice & date 1 (issued Mar'19) Total Factor Amount RM120,000.00 Credit period 90 days Seller's Financials FYE 30 Nov Revenue Cost of sales Gross profit Depreciation Staff Cost Other operating expenses Operating profit Add: other income EBIT Interest and Taxes Net Profit (Loss) for the year Fixed Asset Current Asset Total Asset Fixed Liabilities Current Liabilities Total Liabilities Equity Total Liabilities and Equity Financial Ratios 2015 (Audited) 2016 (Audited) 2017 (Audited) RM16,014,766 RM19,466,997 RM21,226,417 RM13,882,432 RM17,550,893 RM19,473,047 RM2,132,334 RM1,916,104 RM1,753,370 RM53,644 RM54,911 RM39,809 RM607,685 RM465,779 RM398,123 RM1,162,928 RM1,056,002 RM888,002 RM308,077 RM339,412 RM427,436 RM69,142 RM70,092 RM58,466 RM377,219 RM409,504 RM485,902 RM271,294 RM237,745 RM277,928 RM105,925 RM171,759 RM207,974 RM195,988 RM8,002,979 RM8,198,967 RM24,400 RM6,481,607 RM6,506,007 RM1,692,960 RM8,198,967 RM158,303 RM6,729,075 RM6,887,378 RM22,107 RM5,000,552 RM5,022,659 RM1,864,719 RM6,887,378 RM120,007 RM9,587,084 RM9,707,091 RM740,758 RM6,893,640 RM7,634,398 RM2,072,693 RM9,707,091 Time Period May'18 -Oct'18 May'18 -Oct'18 May'18 -Oct'18 May'18 -Oct'18 Avg Credit RM455,173.49 RM274,565.88 RM1,928,624.95 RM173,666.67 RM2,658,364.32 Avg Debit RM488,892.23 RM315,028.18 RM1,928,267.32 RM202,011.26 RM2,732,187.72 Revenue Growth Gross Margin Net Margin Current Ratio Quick Ratio Leverage Ratio Gearing ratio Pre-tax Interest Coverage Return (before tax) On Net Worth Receivables Turnover Payables Turnover Inventory turnover Total asset turnover 2015 (Audited) - 2016 (Audited) 2017 (Audited) 21.56% 9.84% 1.16% 134.57% 53.48% 269.35% 107.31% 2.22 12.07% 8.17 51.17 7.96 2.58 13.31% 1.13% 123.47% 44.46% 384.30% 146.56% 1.92 10.68% 5.53 56.77 6.23 1.95 9.04% 8.26% 1.26% 139.07% 65.58% 368.33% 185.00% 2.22 12.89% 11.21 40.82 8.20 2.56 Bank Statement Summary Bank Account 1 Bank Account 2 Bank Account 3 Bank Account 4 Total Avg Bal -RM881,309.84 -RM98,128.81 RM76,445.00 -RM170,034.38 -RM902,993.64 Latest available Bal Avg Available Bal (Oct'18) RM118,690.17 RM51,242.86 RM201,871.19 RM41,335.51 RM76,445.00 RM11,306.99 RM129,965.62 RM17,253.67 RM397,006.36 RM103,885.36 OD Limit RM1,000,000 RM300,000 RM300,000 Risk Snapshot Industry: Neutral outlook given competitive nature of the industry although driven by high sales volume and demand. Strength: Appointed by government body as sole distributor. Director has vast experience in the industry. Weakness: The industry is competitive with low profit margin. Profitability: The Issuer company has been in operation since 1997 and has been profitable over the past 3 years. Turnover slightly increased over the years. Based on Management account @Jul'18 (7 months) revenue is at RM10.22M. Gross profit of RM1.1M (10.85% margin) with net profit before tax of RM113.8K (1.11%)Gross Profit FYE 2016 & 2017 is at RM1.91M (margin 9.84%) & RM1.75M (margin 8.26%). while Net Profit after tax stood at RM171.76K ( 0.88%) & RM207.97K ( 0.98%). Financials: For management account @ Jul'18, noted the issuer's net worth is about 2.19M with retained profit stands at RM1.89M. Total paid-up as of now at RM1M. Gearing ratio is about 0.538x. THe company is currently serving monthly fixed repayment of around 32.6K. Prompt repayment record noted for all account. General Overview: Issuer have an active account with FSMY, with loan amount of RM500K. Good repayment track record noted thus far. Still have balance of 8 instalments to be paid before its fully settle. Comments CTOS check reveals that the company and its directors does not have any history of litigation record. Checks also reveals that the 2 of the directors have prompt repayment record on its borrowings. The financials shows the company is profitable with healthy business growth and volume. Flight risk is also low given that both directors are Malaysian and have own properties in Malaysia. General Risk Statement The provision of services by Modalku Ventures Sdn Bhd ("MVSB") is governed by and subject to the Terms and Conditions made available online through www.fundingsocieties.com.my. All facility request made to MVSB have been assessed by our credit assessment team. This means only established and creditworthy businesses are able to crowdfund through our platform. 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