Classy Project Marketing
What the business is about?
Classy Project Marketing Sdn Bhd is a manufacturing and sales company specializing in aluminum kitchen cabinets.
'Our production facility was established in 2009, and in 2018 we established a marketing and sales company (Classy Project Marketing Sdn Bhd) to focus on promoting our products throughout Malaysia. Our target market is the middle-income consumer group, as we have found this to be the largest consumer group in the market. We found that during the pandemic, our company's performance increased instead of declining, as products priced in the middle range always meet market demand. Currently, our company's products are recognized as having the lowest price, highest quality, and best warranty on the market. Our products are guaranteed for 20 years. The reason why our products can sell at the lowest price on the market and still have the most followers is that we only manufacture and sell one product, which is aluminum kitchen cabinets. By systematizing the entire process from production to sales of a single product, we reduce labor costs. We import raw materials directly and sell products directly, which reduces the cost of raw materials. This allows us to provide customers in the market with the best products at the lowest possible price, with the appropriate profit for ourselves. As a result, Classypro is the most influential brand in the industry market.'
This is Classy Project Marketing Sdn Bhd's 2nd financing round with Alixco P2P Financing.
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.
Business Overview
Classy Project Marketing Sdn Bhd operates in both B2B and B2C markets. 'In the B2B market, we sell to dealers such as interior design companies and furniture stores. In the B2C market, we sell directly to customers through our own showrooms, which are located in Johor, Selangor, Kuala Lumpur, Penang, and Singapore.'
Funding amount
RM 300,000.00 for 6 months.
13.92 % interest (nominal, p.a.)
Business type
Marketing & Sales
Location
NO. 3, JALAN EMPAYAR 2 TAMAN PERINDUSTRIAN EMPAYAR 81550 GELANG PATAH JOHOR
Number of outlets
Five
Number of directors
Two
Personal guarantees
Two
Year of incorporation
2018
Number of employees
49
Important risk info:
The risk score of CAA1 (‘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 CAA1 (‘higher risk’) indicates that this investment amount has an elevated-high level of risk.
In 2021, Classy Project Marketing Sdn Bhd has a revenue of approx. RM 8 million and an after-tax profit of approx. RM 349,000.
Website: https://classy-pro.com/
This is Classy Project Marketing Sdn Bhd's 2nd investment note with Alixco P2P. Previously Classy Project Marketing has has 1 investmet note with Alixco P2P which has been fully repaid.
Investor Fees.
Alixco charges 1% for investors on total repayments (for 6 months investment notes) only if and when repayment occurs.
