Total IFM
What the business is about?
TOTAL IFM Sdn. Bhd. (TOFM) was established in 1999 and has been actively involved in Facility Management and Energy Management in both West and East Malaysia. Currently, we have branches located in Kuala Lumpur, Kelantan, Sabah, Sarawak, with the Northern Region branch and Head Office based in Ipoh, Perak. The core business of TOFM is to provide clients with services in Energy Management, Facility Management, and Digital Solutions aimed at reducing operational costs and enhancing their business sustainability.
TOFM boasts 15 years of experience and expertise in building maintenance, particularly in critical facilities such as hospitals. Presently, we hold a number of fixed contracts with an estimated annual value of RM15,000,000, primarily in Facility Management and Building Maintenance System contracts. Since September 2022, TOFM has experienced significant growth due to the increasing demand for Energy Saving (Solar & Energy Efficiency) and Digital Solutions (digitizing O&M business).
This is TOTAL IFM Sdn. Bhd.'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
"TOTAL IFM Sdn Bhd has secured quite a number of ad hoc projects, primarily in EPCC (Engineering, Procurement, Construction, and Commissioning) of Solar (PV) Systems and Building Maintenance Systems, with values of up to RM30,000,000 and completion dates extending into the next year, 2024. As a result, we anticipate that our total sales by the end of 2023 will exceed RM 30,000,000. Our customer base includes government bodies and agencies, GLC (Government-Linked Companies) entities, banks, and other reputable companies. One of our significant contracts is with the Ministry of Health for facility management (Perkhidmatan Sokongan Hospital dan Klinik) in the states of Terengganu and Pahang."
Funding amount
RM 300,000.00 for 6 months.
14.64 % interest (nominal, p.a.)
Business type
Sdn Bhd, facility and energy management
Location
Ipoh Perak
Number of outlets
5
Number of directors
4
Personal guarantees
4
Year of incorporation
1999
Number of employees
67
Website:
Important Risk Information:
The risk score of CAA3 (‘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 CAA3 (‘High risk’) indicates that this investment amount has an moderate level of risk.
Revenue
2021: RM 21,579,706
2022: RM 23,157,768.11
Profit before tax
2021: RM 903,922
2022: RM -3,935,193.24
Investor fees:
Alixco charges investors 1% on total repayments (for 6 months investment notes) only if and when repayment occurs.