Borrower ID 249390

BT Financing ID: MBBT-18040006

Date Started: 21 June 2018
Closing Date: TBC

Business Term Financing Fact Sheet

Financing Details Investors' Repayment Schedule

Financing Recommended Amount RM500,000 Month Principal Interest Fee Total
Tenure (No. Of Months) 6 1 RM0.00 RM5,000.00 RM50.00 RM4,950.00
Simple Interest Rate P.A. 12.00% 2 RM0.00 RM5,000.00 RM50.00 RM4,950.00
Effective Interest Rate % P.A. 13.94% 3 RM0.00 RM5,000.00 RM50.00 RM4,950.00
Industry 4 RM0.00 RM5,000.00 RM50.00 RM4,950.00
5 RM250,000.00 RM5,000.00 RM2,550.00 RM252,450.00
Security Directors' Personal Guarantee 6 RM250,000.00 RM5,000.00 RM2,550.00 RM252,450.00
Purpose Working Capital

Documents Received SSM Registration Forms,

Latest 8 Months Bank Statement,
Audited 2015, 2016 & 2017 Financials,
Lastest Management P&L & Bal Sheet (Apr'17 - Mar'18),
AR and AP Aging List (up to May'18),
Bureau Report

Investors' Net Return First 4 mths Last 2 mths

Monthly Net Return Amount RM4,950 RM252,450
Financing Net Total Return Amount RM524,700.00
Financing Net Total Return % 4.94%
Financing Simple Interest Rate % P.A. 9.88%
Effective Interest Rate % P.A. 19.75%
Service Fee 1.00%
GST (Malaysian Tax Residence) applicable rate set by Royal Customs Dept
Witholding Tax (Non Malaysian Tax Residence) 15% on gross interest income
Company's Summary
Incorporation: 28 December 2012

Business Nature: a wholesale trader and exporter of fruit products in frozen paste, pulp and nitrogen forms. Business is seasonal whereby raw products are purchased during harvest season and sold thereafter. Issuer
company sells both locally and overseas, mainly across Asia.

Paid Up Capital: RM500,000

Employees: 10
Litigation: No litigation record noted.
Negative / Black List: Nil
Payment Behaviour and financing
record: Total number of financing : 2 , with total loan limit of RM229,114 while outstanding balance stands at RM195,143 (position as at Mar'18).

Number of applications in the past 12mths : Zero

Directors' & PGs' Summary

Director 1 Director & Shareholder (80%) : 36 yrs old male, Malaysian. Founder and worked in the banking sector prior to setting up issuer company.

Negative / Black List: Nil. No history of litigation record noted

Payment Behaviour and financing Prompt repayment record on 5 existing records (4 Credit Card, 1 Vehicle HP), earliest since 2008. Total loan limit (all loans) is at RM225,700 with outstanding balance of RM128,546 @ Apr'18.
record

Director 2 Director & Shareholder (20%) : 62 yrs old female, Malaysian. Mother to main director and inactive in issuer company operations.

Negative / Black List: Nil. No history of litigation record noted

Payment Behaviour and financing Good repayment record noted on 4 existing records relating to rental of deposit boxes. Total loan limit is RM21,514 @ Apr'18.
record
 Financials FYE 31 Mar Financial Ratios

2015 2016 2017 2018 2015 2016 2017 2018

(Audited) (Audited) (Audited) (Management) (Audited) (Audited) (Audited) (Management)
Revenue RM4,805,396 RM6,451,893 RM7,597,834 RM17,048,122 Revenue Growth N.A. 34.26% 17.76% 124.38%
Cost of sales RM3,950,728 RM5,649,643 RM6,210,355 RM15,280,431 Gross Margin 17.79% 12.43% 18.26% 10.37%
Gross profit RM854,668 RM802,250 RM1,387,479 RM1,767,691 Net Margin 2.67% 1.90% 1.86% 1.52%
Depreciation RM10,565 RM18,565 RM43,737 RM83,432 Current Ratio 98.85% 144.74% 131.56% 140.15%
Staff Cost RM0 RM240,313 RM354,128 RM693,870 Quick Ratio 32.88% 12.35% 11.82% 24.76%
Other operating expenses RM696,443 RM391,966 RM809,182 RM731,576 Leverage Ratio 2613.71% 179.50% 235.03% 172.75%
Operating profit RM147,660 RM151,406 RM180,432 RM258,813 Gearing ratio 0.00% 0.00% 10.63% 18.74%
Add: other income RM0 RM0 RM0 RM0 Pre-tax Interest Coverage #DIV/0! #DIV/0! #DIV/0! #DIV/0!
EBIT RM147,660 RM151,406 RM180,432 RM258,813 Return (before tax) On Net Worth 227.32% 22.02% 21.76% 24.86%
Interest and Taxes RM19,513 RM28,882 RM38,876 RM0 Receivables Turnover 11.15 10.46 6.12 12.50
Net Profit (Loss) for the year RM128,147 RM122,524 RM141,556 RM258,813 Payables Turnover 6.12 7.73 4.90 11.07
Inventory turnover 5.73 7.43 8.37 18.18
Fixed Asset RM84,520 RM135,376 RM214,163 RM318,999 Total asset turnover 2.73 3.50 3.23 6.07
Current Asset RM1,678,251 RM1,786,109 RM2,563,396 RM2,521,065
Total Asset RM1,762,771 RM1,921,485 RM2,777,559 RM2,840,064
Fixed Liabilities RM0 RM0 RM0 RM0
Current Liabilities RM1,697,813 RM1,234,001 RM1,948,519 RM1,798,797
Total Liabilities RM1,697,813 RM1,234,001 RM1,948,519 RM1,798,797
Equity RM64,958 RM687,484 RM829,040 RM1,041,267
Total Liabilities and Equity RM1,762,771 RM1,921,485 RM2,777,559 RM2,840,064

Bank Statement Summary

Avg Available Latest available
Time Period Avg Credit Avg Debit Avg Bal Bal Bal (Apr'18)
Bank Account 1 Sep'17 - Apr'18 RM1,639,857.83 RM1,639,623.90 RM169,142.70 RM169,142.70 RM118,687.65
Bank Account 2 Sep'17 - Apr'18 RM353,372.24 RM373,471.42 RM50,000.00 RM50,000.00 RM50,000.00
Total RM1,993,230.06 RM2,013,095.32 RM219,142.70 RM219,142.70 RM168,687.65

Risk Snapshot
Industry: Neutral outlook, as demand for quality durian products is constrained by harvest season and competition.

Strength: Growing operations and diverse customer base including local retailers and international food wholesalers mainly Asia.

Weakness: Thin margins and business seasonality impacting cashflow.

Comments
Profitability: The Issuer company has been in operation since 2012 and has been profitable over the past 3 years. Revenue grew steadily between FYE Mar'15-17 at 20-30% p.a. and in FYE Mar'18, more than
doubled to RM17MM. Gross Profit FYE 2016 & 2017 is at RM0.80MM (margin 12.4%) & RM1.39MM (18.4%), while Net Profit after tax stood at RM123K (0.90%) & RM142K(0.86%). Noted that Mgmt account
@ Mar'18 shows gross profit of RM1.77MM (margin 10.4%) with net profit before tax of RM259K (1.52%)

Risk: Disease outbreak or contamination during harvest season or processing leading to order cancellation and oversupply of stock.

Financials: Latest Mgmt account @ Mar'18 shows net worth at over RM1MM. Based on bank statements for past 8 months, we noted total average monthly deposits of RM1.99MM, average monthly withdrawals
of RM2.0MM and average balance of RM219K. Latest balance as at Apr'18 is RM169K.

General Overview: Purpose: The reason of obtaining financing is to purchase raw stock over harvest season and prepare for processing & shipment of orders. Repayment schedule has been structured according to
anticipated sales in the next months and supported by historical business volume.

Bureau check reveals that the company and its directors does not have any history of litigation record. Checks also reveals that both directors have overall prompt repayment record on its
borrowings.

The financials and bank statements show the company is profitable with healthy business growth and volume. Flight risk is also low given that both directors are Malaysian and have invested own
funds in the business.
 General Risk Statement

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