What the business is about?
Since its official inception as an organization on the 10th of April 2013, the Werner's Group (Rhine River Sdn Bhd) was formed to manage several of the most popular restaurants and bars in KL .
"Hi, I am Werner! With more than 40 years of experience in corporate large-scale commercial kitchen & catering operations, I decided to establish a gastronomy company in Kuala Lumpur City going from corporate back to my roots as a classically trained chef in 2005.
Since opening of Elcerdo KL in 2005, our Restaurant Group has been receiving numerous Awards in various Categories such as “Best Western Restaurant of the Year”, Best Wine List of the Year, and many more accolades by Malaysian Publications such as Tatler Malaysia, Hospitality Asia Platinum Awards, Time Out KL and more. We are consistently ranked in the Top 10 out of 5000+ restaurants on Tripadvisor Kuala Lumpur.
In numbers, our accumulated Gross Revenue 2015-2020 was exceeding MYR 20 Mil annually with a Gross Profit Margin of 15% averagely.
15 years down the line and 6 successful specialty concept restaurant openings later, we are gearing towards the "New Normal" in the F&B Industry."
For more info on our Group please visit https://wernersgroup.com/
This is Rhine River Sdn Bhd's 13th financing round with Alixco.
This investment note is secured by two personal guarantee, as required by ALIXCO P2P Financing.
For what will you use the funds?
The funds will be used for working capital to advance Rhine River Sdn Bhd's Organic Free-Range Farm partnership (Werner's Cottage) in Penang, thereby supporting the local farming and agricultural environment and supporting the job growth in the agriculture sector. In partnership with its Organic Free-Range Farm, Rhine River Sdn Bhd is creating dishes reflecting the bountiful nature of Malaysia under its Farm-To-Table concept. In line with this idea, Werner's Cottage is leaving out the middleman and bringing organically raised chicken and ducks as well as a variety of locally harversted vegetables straight to the table.
Organic Free-Range Chicken and locally grown vegetables.
Rhine River Sdn. Bhd is based in Kuala Lumpur and currently has 129 employees across seven popular restaurants. Backed by 40 years of experience in various fine dining kitchens around the globe, Werner set up his first establishment, El Cerdo KL, in the year 2005. The restaurant is well known to many as one of the No. 1 European-styled specialty restaurants in Kuala Lumpur. After an impressive growth of its establishments over the many years, the success reflected solely on its efficient management team, vibrant staffs, operational structure, design portfolio and consultation framework to name a few. We have and always will take pride in what matters most – the journey to a perfect dining experience." (A detailed description of the other concept restaurants can be found in the section 'projects'). Werner's Group : https://wernersgroup.com/
RM 350,000.00 for 6 months.
12.00 % interest (nominal, p.a.)
Agriculture, Restaurants, Food & Beverage
Changkat Bukit Bintang
Number of outlets
Number of directors
Year of incorporation
Number of employees
Important COVID-19 info:
The recent COVID-19 crisis and the MCO(s) 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.
The risk score of BA3 (‘Medium 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 BA3 (‘Medium risk’) indicates that this investment amount has an moderate level of risk. Rhine River Sdn Bhd has a strong balance sheet and cash flow which indicates a high level of strength to cover repayments. The group's revenue exceeded 20 million RM in 2017, 2018 and 2019 with a profit posted in every of those years. Rhine River Sdn Bhd's cash flow has been relatively stable over several years, with only a slight decrease in profits and revenue over the last years. However, the company might be significantly negatively impacted by adverse economic situations and by external shocks such as the COVID-19 pandemic, which increase the riskiness of this investment note.
Important additional disclaimer and risk note:
Due to the Covid-19 crisis and MCO, some or all of the restaurants listed in this investment overview may be (temporarily) closed. This may also affect other numbers, such as (but not limited to) lower employee numbers than listed in this investment overview. Please note that the COVID-19 crisis and MCO(s) increase the riskiness of P2P financing and increases the risk of late payments and loss of capital. In particular, a prolonged extension of the MCO would negatively affect restaurant businesses.
Rhine River Sdn Bhd has previously raised 13th financing rounds with Alixco, four of which are ongoing and eight of which have been fully repaid with a outstanding total amount of approximately RM 800,000 and all repayments on time until now.
Alixco charges investors 1% on total repayments (for 6 months investment notes) only if and when repayment occurs.