What the business is about?
Seaquest Frozen Food Sdn Bhd sells frozen seafood to other businesses within similar industries on a wholesales basis, including to school canteens,universities & MNC factories, wet markets & retail shops / markets.
"Seaquest is a full fledged specialist in frozen food catering services from A to Z, starting from cleaning & removing fish intestine, cutting, freezing & packaging. Seaquest specializes on its cutting skills, as the directors & staff have gone through a training programme at the company (similar to a Fish Academy). Therefore the quality of cutting is very precise & accurate; each cutlet will have a difference of at most difference of +-100 gram so that customers can estimate thier costs accurately."
This is Seaquest Frozen Food Sdn Bhd's 2nd P2P funding round with Alixco P2P.
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 to purchase frozen seafood in bulk.
Additional important risk information:
Seabass, Baramundi, Pomfret, Prawn, Squid, Jelly Fish, Seafood Shells, Mussles etc.
"Our customer base is pramarily based in Thailand, Northern Region-Penang, Kedah Perlis, Central Region-Perak, KL, Selangor, Negeri Sembilan, Pahang, Southern Region-Melaka, Johor & Singapore. Most of our customers requests focus on the cleaning of the intestine part & cutting according to sizes of their business needs into individual frozen packages. This has turned Seaquest into one of the top players in Malaysia as a full fledged 1-stop frozen seafood specialist. With Singapore beding a strict country for quality control, Seaquest's speciality is on the cleaning & removing intestine part as these will be disposing of (based on a recycling concept) the intestine of the fishes which will be sold to fish breeders."