Lifeline
What the business is about?
Lifeline Marketing Sdn Bhd is a company active in the wholesale of pharmaceutical and medical products. In particular, Lifeline Marketing Sdn Bhd sells small medical products such as medical kits / first aid boxes for cars on a wholesale B2B basis. 'Clients include well-known automobile brands and local pharmacies.'
This is Lifeline Marketing Sdn Bhd's 13th P2P financing with Alixco.
This round is secured by three personal guarantees, as required by Alixco.
For what will you use the funds?
The funds will be used for working capital, primarily to buy additional disposable medical supplies.
Business Overview
'Lifeline Marketing Sdn Bhd orders disposable medical supplies like bandages, gauzes, plasters and gloves from China or local suppliers. These medical supplies are assembled into first aid kits after sourcing and delivered to Lifeline Marketing Sdn Bhd's clients. Among others, Lifeline Marketing Sdn Bhd supplies first aid kits to Toyota (Toyota First Aid Kit) and Lexus. Clients also include local pharmacies and other clients.'
Funding amount
RM 200,000.00 for 6 months.
15.96% interest (nominal, p.a.)
Business type
Wholesale of pharmaceutical and medical products
Location
Kuala Lumpur, Jalan Ipoh Batu 3
Number of outlets
One
Number of directors
One
Personal guarantees
Three
Year of incorporation
April 2018
Number of employees
5
Important COVID-19 info:
The recent COVID-19 crisis and the MCO increase the riskiness of any P2P financing. Due to the severity and uncertainty of this situation, the risk of late payments and/or loss of capital for P2P financings increases. Companies might suffer from loss of business and revenue during this time, which will affect their profitability and repayment ability.
Important risk info:
The risk score of C (‘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 C (‘High risk’) indicates that this investment amount has an elevated-high level of risk.
Lifeline Marketing Sdn Bhd's current yearly revenue (unaudited, managed) is approximately RM 1,300,000 with a profit (unaudited, managed) before tax of approximately RM 350,000.
Lifeline Marketing Sdn Bhd has limited revenue and profit and is not rated by our credit rating agency partner, facts which increase the riskiness of this investment note.
Important additional risk information.
This is Lifeline Marketing Sdn Bhd's 13th financing round with Alixco. Lifeline Marketing Sdn Bhd has P2P campaigns with Alixco (Total: 12 Active: 1 Finished: 11) with upcoming scheduled repayments of approx. RM 110,000.
Investor Fees:
Alixco charges 1% for investors on total repayments (for 6 months investment notes) only if and when repayment occurs.
