New Venture Plastic Sdn Bhd
What the business is about?
New Venture Plastic is providing plastic packaging solutions to midstream and downstream manufacturers. "Since its incorporation in 2022, New Venture Plastic (NVP)has differentiated itself as a technical partner, offering specialized, genuine flexible plastic packaging solutions to various midstream flexible plastic manufacturere ans downstream end product manufacturere. Within a year, NVP has secured over 200 clients, coupled with an extensive product line-up that caters to diverse packaging need. NVP has demonstrated rapid growth, achieving RM500k in sales within the first six months and a revenue of RM 1.9 million with RM190k gross profit in the second half of the first year."
This is New Venture Plastic's 1st investment note with Alixco.
This investment note is secured by 4 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
Business
Funding amount
RM 200,000.00 for 6 months.
14.16% interest (nominal, p.a.)
Business type
Sdn Bhd, plastics
Location
Selangor
Number of outlets
1
Number of directors
2
Personal guarantees
4
Year of incorporation
2022
Number of employees
2
Important Risk Information:
Risk score of CA (‘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’).
Investor Fees:
Alixco charges investors 1% on total repayments (for 6 months investment notes) only if and when repayment occurs.
