Classy Project Marketing

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Classy Project Marketing

Classy Project Marketing Sdn Bhd specializes in Aluminium Smart Kitchen Cabinets. Investment Note: two personal guarantees
Go Live Date:
11/06/2024
Industry:
Retail/Trade
Finance Size:
RM 200000
Tenure:
6 Months
Risk-Score
CAA1
Rate
13.92 % per annum
Investor Fees
1 %
Investors
58
Raised
RM 200,000

100%

What the business is about?

Classy Project Marketing Sdn Bhd is a manufacturing and sales company specializing in aluminum kitchen cabinets.

'Our production facility was established in 2009, and in 2018 we established a marketing and sales company (Classy Project Marketing Sdn Bhd) to focus on promoting our products throughout Malaysia. Our target market is the middle-income consumer group, as we have found this to be the largest consumer group in the market. We found that during the pandemic, our company's performance increased instead of declining, as products priced in the middle range always meet market demand. Currently, our company's products are recognized as having the lowest price, highest quality, and best warranty on the market. Our products are guaranteed for 20 years. The reason why our products can sell at the lowest price on the market and still have the most followers is that we only manufacture and sell one product, which is aluminum kitchen cabinets. By systematizing the entire process from production to sales of a single product, we reduce labor costs. We import raw materials directly and sell products directly, which reduces the cost of raw materials. This allows us to provide customers in the market with the best products at the lowest possible price, with the appropriate profit for ourselves. As a result, Classypro is the most influential brand in the industry market.'

This is Classy Project Marketing Sdn Bhd's 3rd financing round with Alixco P2P Financing. 

This investment note is secured by two personal guarantees, as required by ALIXCO P2P Financing.

For what will you use the funds?

The funds will be used for working capital. 

Business Overview

Classy Project Marketing Sdn Bhd operates in both B2B and B2C markets. 'In the B2B market, we sell to dealers such as interior design companies and furniture stores. In the B2C market, we sell directly to customers through our own showrooms, which are located in Johor, Selangor, Kuala Lumpur, Penang, and Singapore.'

Funding amount
RM 200,000.00 for 6 months.
13.92 % interest (nominal, p.a.)

Business type
Marketing & Sales 

Location
NO. 3, JALAN EMPAYAR 2 TAMAN PERINDUSTRIAN EMPAYAR 81550 GELANG PATAH JOHOR

Number of outlets
Five

Number of directors
Two

Personal guarantees
Two

Year of incorporation
2018

Number of employees
49

 

Important risk info: 

The risk score of CAA1 (‘High risk’) was determined by a blend of our internal risk-based pricing algorithm, an external risk score from a leading credit rating agency and a variety of qualitative factors. It is an approximation only and does not guarantee any specific outcome. Our risk score ranges from A(‘lower risk’), B(‘medium risk’), C(‘medium-high risk’) to D(‘high risk’).

Risk score of CAA1 (‘higher risk’)  indicates that this investment amount has an elevated-high level of risk. 

In 2021, Classy Project Marketing Sdn Bhd has a revenue of approx. RM 8 million and an after-tax profit of approx. RM 349,000.

 

Website: https://classy-pro.com/

 

This is Classy Project Marketing Sdn Bhd's 3rd investment note with Alixco P2P. Previously Classy Project Marketing has had 2 investmet notes, one of with has been fully repaid and the other one of which still has scheduled upcoming repayments of approx. RM 350,000. 

 

Investor Fees.
Alixco charges 1% for investors on total repayments (for 6 months investment notes) only if and when repayment occurs.

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