Enapak

"Enapak Packaging Sdn Bhd was incorporated in 2016 focusing exclusively on heavy-duty packaging. Our journey began with three employees, and today, we boast a workforce of over 60 individuals, driving annual sales exceeding 12 million.

Our funding is channeled into raw wood material procurement, enabling us to streamline costs through in-house sourcing. As a heavy-duty packaging vendor, we specialize in vacuum packing and custom crating for heavy machinery, catering primarily to the semiconductor manufacturing and automation sectors.

Our distinctive hexagonal honeycomb board is lighter, utilizes 30% less wood for raw materials, and boasts enhanced load-bearing capabilities. Our mission is to promote environmental sustainability by replacing traditional wooden and plywood pallets, aid the paper carton industry in cost reduction, and contribute to economic growth and employment opportunities."

This is Enapak Packaging Sdn Bhd's 2nd investment note with Alixco.

This investment note is secured by 3 personal guarantees, as required by ALIXCO P2P Financing.

The funds will be used for working capital. 

"We are utilizing the funds to establish a new division for our internal procurement source. We may require a total of RM1.5 million to operate this department, which will encompass raw material purchases, storage handling, administrative expenses, and customer payment terms.

Currently, our approach involves purchasing raw wood materials cut to size from suppliers. However, we are now planning to establish an internal source. This change will result in savings of 20-30% from our monthly purchases"

"Enapak Packaging honeycomb board is designed to be extremely strong with his hexagonal shaped structure that allows the honeycomb board to have an increased surface area. It can withstand heavy loads while simultaneously being light and environmental friendly. The application of Enapak packaging honeycomb board is beyond creativity and innovation to many fields such as packing materials, paper pallets, storage boxes, warehousing racks, building materials an even furniture. It is considered a “green” technology for saving our environment as it could replace the use of industrial wood in many applications. As such, Enapak Packaging is favorable to many countries that adopt a green concept and welcome environment friendly products. Due to the fact that they are 3 times lighter in weight than common board, pallets and packaging materials, is easy to handle and cost savvy on transportation."

Funding amount
RM 500,000.00 for 6 months.
14.16% interest (nominal, p.a.)
Business type
Sdn Bhd, packaging materials 
Location
Bukit Mertajam, Penang
Number of outlets
3
Number of directors
1
Personal guarantees
3
Year of incorporation
2016
Number of employees
70

Important Risk Information: 

Risk score of CAA2 (‘High risk’)  indicates that this investment amount has an moderate level of risk.

The risk score of CAA2 (‘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’).

In 2021, Enapak Packaging Sdn Bhd has a revenue of RM 9,623,014.00 and an after-tax profit of RM 273,543.00.

This is Enapak Packaging Sdn Bhd's 2nd P2P investment note with Alixco P2P. Enapak Packaging Sdn Bhd has previously raised 1 campaign with Alixco P2P (Total: 1 Active: 1 Finished: 0) with upcoming scheduled repayments of approx. RM 300,000. 

Investor Fees: 

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