Issuer ID : 314982
Financing ID : MBDF-19110118
Date Started : 14 November 2019
Closing Date : TBC
Dealer Financing Fact Sheet
Financing Details Investors' Repayment Schedule (RM)
Financing Recommended Amount RM22,400.00 Days Principal Interest Fee Total
Tenure (No. of Days) 90 90 22,400.00 672.00 201.60 22,870.40
Simple Interest Rate P.A. 12.00%
Effective Interest Rate P.A. 12.00%
Industry Used Car Dealer/Automotive
Industry
Directors' Personal Guarantee &
Security Ownership Claim of Asset
Purpose Vehicle Financing
Investors' Net Return Documents Received Yes / No/ N/A SME Rating Probability of Default (PD)*
Monthly Net Return Amount RM22,870.40 SSM Registration Forms Yes
Financing Net Total Return Amount RM22,870.40 Latest Bank Statements Yes BBB 2.69%
Financing Net Total Return % 2.10% Bureau Report Yes Updated as at 15-Oct-19
The rating displayed is based on the PD value extracted from a registered credit
Financing Net Simple Interest Rate % P.A. 8.40%
reporting agency, regulated by Registrar of Credit Reporting Agencies and is strictly
Net Effective Interest Rate % P.A. 8.40% for investor's own reference only. The PD value indicates the calculated probability
Late Interest Fee 0.1% per day on payment in arrears that a SME may default sometime in the next 12 months period based on information
Service Fee on repayment (I only) 30.00% received from a range of business information databases.(Please refer full disclaimer
below)
Sales and Service Tax (SST) As per standard rate set by the Government
Witholding Tax* 15% on gross interest income
*applicable to non-Malaysian tax residence
Existing Exposure (if any)
Total # Ongoing 5
Total Exposure (RM) 113,555.00
Total Approved Limit 350,000.00
Past Exposure
Total # Disbursed & Settled 50 45
Any Adverse Conduct No
Remark on Adverse Conduct -
Company's Summary
Incorporation: 29 May 1997 Paid Up Capital: N/A
Business Type: Partnership No of Employees: 20
Business Nature: Issuer (business) is a Used Car Dealer. The Business has been run by the 3 Partners and is located in Johor. The Business trading premise is an open space where it showcases its cars. These cars range
from a variety of local brands to foreign brands.
Litigation: No litigation record noted.
Negative / Black List: Nil
Payment Behaviour: Prompt Remark on Adverse cases: N/A
Date as of 14/Nov/2019
Directors' & PGs' Summary
PG 1 Position in Company: Partner Shareholding (%) N/A Age 66
Partner since 2015
Negative / Black List: Nil. No history of litigation record noted
Nationality Malaysian If Others, please state: -
PG 2 Position in Company: Partner Shareholding (%) N/A Age 66
Partner since 2015
Negative / Black List: Nil. No history of litigation record noted
Nationality Malaysian If Others, please state:
PG 3 Position in Company: Partner Shareholding (%) N/A Age 38
Partner since 2010
Negative / Black List: Nil. No history of litigation record noted
Nationality Malaysian If Others, please state:
Payment Behaviour for all PGs above: PG 1 Prompt
PG 2 Prompt
PG 3 Prompt
Details of Asset Claimed
Type of Asset: Motor Vehicle
Model Hond Civic S I-VTEC 1.8L (YOM: 2010)
Transaction Value RM37,000.00
LTV 60
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. However, as with all investments, investing your money for a return will always have financial risks. Facilities
made on the platform are not insured and there is a risk that a business may not be able to repay the facility. While MVSB has a recovery process in place, you may still lose some or all of your investment, including your initial capital.
Investors may participate in multiple facilities to build a diversified portfolio, so that in the unfortunate event that one issuer defaults, the investor is less likely to lose his/her entire capital, although the overall rate of return may decrease as a
result. Individual portfolio results may vary, depending on, among other things, the diversity of the portfolio, exposure to any single issuer, group of issuers or industry, as well as macroeconomic conditions. Any past performance, projection,
forecast or simulation of results is not necessarily indicative of the future or likely performance of any company or investment. Where applicable, investors are responsible for paying all taxes imposed by relevant authorities on any interest
received and the amount of tax payable is dependent on individual circumstances. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any
information on this platform, you should always seek independent financial, tax and legal advice or make such independent investigations as you consider necessary or appropriate regarding the suitability of the investment product, taking
into account your specific investment objectives, financial situation or particular needs.
Disclaimer
Modalku Ventures Sdn Bhd (“MVSB”), which is registered in Malaysia (Company Registration No. 1190266-X), provides services that involves facilitating and arranging for parties to invest or obtain financing. MVSB does not provide any form
of investment advice or recommendations regarding any listings on its platform. Nothing on this platform should be construed to constitute or form a recommendation, financial advice, or an offer, invitation or solicitation from MVSB to buy,
sell, subscribe, or dispose of any securities and/or investment products and/or financial instruments. In providing its services, MVSB's role is limited to an administrative function and MVSB does not and will not assume any advisory, fiduciary or
other duties to clients of its services. Although every effort has been made to provide accurate and up-to-date information, MVSB does not warrant or represent, whether expressly or implied, that any information on its platform, website,
marketing material or in any documentation that MVSB prepares is accurate, current, reliable, verified, complete, or error-free and neither MVSB, nor any of its directors, officers, employees, members, representatives, affiliates, agents,
parent(s), subsidiaries, successors and assigns shall have any liability whatsoever for any expenses, losses or damages arising out of or in connection with, whether directly or indirectly, any such occurrence and the use of all or any part of the
information contained in this platform or website. The content and materials made available to MVSB’s clients are for informational purposes only and should not be relied on by clients without obtaining the necessary independent legal,
accounting, tax, financial or other advice in connection therewith before making an investment or other decision as may be appropriate. It is solely the responsibility of clients to evaluate the accuracy, completeness and usefulness of all
information and services provided by MVSB. MVSB has made every effort to ensure that its service offerings are always made in accordance with applicable rules and regulations. Please note that MVSB does not provide and none of the
services that MVSB provides are intended to be or should be construed as an activity that would require licensing or regulation under any laws of Malaysia including but not limited to the taking of deposits, taking capital risk, taking a side in
a lending agreement, engage in activities regulated under the CMSA (except as a Recognized Market Operator for P2P financing), providing credit rating services and providing custodial services as these activities are defined in the
applicable regulations.
SME Rating & Probability of Default (PD)
The rating displayed is based on the PD value extracted from a registered credit reporting agency, regulated by Registrar of Credit Reporting Agencies and is strictly for investor's own reference only. The PD value indicates the calculated
probability that a SME may default sometime in the next 12 months period based on information received from a range of business information databases. Therefore, a PD of 8% means the particular note has a 8% likelihood of defaulting
within the next 12 months. In other words, this means, the lower the PD, the lower the risk and the better the grade.
The above information is compiled from external data sources which FS does not control and which may not have been independently verified. FS therefore cannot accept responsibility for the accuracy and timeliness of the information
above.
The above rating also does not reflect our assessment on the Note Issuer and the pricing (interest rate) we set for each Note. The riskiness of each Note is reflected through the pricing we set for each Note.
Jurisdiction Limitation
If you are an investor residing, or you have your principal place of business, outside of Malaysia, please note that your investment may be subject to the laws and regulations of your home country (in particular but not limited to laws relating
to tax, exchange control, anti-money laundering and anti-terrorism financing, fraud as well as data protection). You shall be responsible for your own tax liabilities, transaction costs and capital controls which may be imposed by the laws of
your home country. We shall disclose any information about you and/or your investment if it is necessary to satisfy any applicable law, regulation, court order or governmental request. We shall not be held liable for any action taken by the
authorities against you for your failure to comply with the applicable laws. You should seek advice from an independent financial advisor, legal counsel or similar professional if you are unsure about your legal obligations under the laws of
your home country which may be applicable on to you and/or your investment on this platform.
Formula / Definitions
Formula Description Example
The Ownership Claim of Asset is defined as the rights of Funding Societies on behalf of the Investor In the event of a default where the issuer fails to make the final
over issuer's asset which is being financed by the Investor in the event that the issuer defaulted on payment. The lender has the right to retrieve (repossess) the
Ownership Claim of Asset - the loan/notes asset and dispose as it is to retrieve (repay) the defaulted
principal amount and the other fees involved (where
applicable).
Prompt No MIA in any of the accounts
Conduct of Accounts based on Central Credit Reference Information
System (CCRIS); Good MIA of not more than 1 in any of the accounts
Months in Arrears (MIA) Satisfactory MIA 2 <= 5X or MIA 3 <= 2X for any account
Adverse MIA 2 > 5X or MIA 3 > 2X for any account
Audited Prepared according to generally accepted accounting principles by an auditor including related notes
Financial Statements Draft Audited Draft version of audited accounts which has not been finalised by the auditor and may not include any notes
Management Prepared by company's management in summary form for internal use (may not include items such as depreciation)
CRA Credit Reporting Agencies in Malaysia
SME Rating and PD value
Lower bound Upper bound Rating
0.00% 0.67% AAA
0.68% 1.24% AA
1.25% 2.40% A
2.41% 3.24% BBB
3.25% 3.98% BB
3.99% 5.42% B
5.43% 6.73% CCC
6.74% 8.88% CC
8.89% 10.81% C
10.82% 13.81% DDD
13.82% 16.46% DD
16.47% 22.96% EEE
22.97% 28.97% EE
28.98% 37.81% E
37.82% 100.00% F
