Rhine River

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.

Over 15 years down the line, Rhine River Sdn Bhd successfully operates 9 specialty concept restaurants in Kuala Lumpur. 

For more info on our Group please visit https://wernersgroup.com/ 

This is Rhine River Sdn Bhd's 41st financing round with Alixco.

This investment note is secured by three personal guarantee, as required by ALIXCO P2P Financing.

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 98 employees across nine 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/

Funding amount
RM 350,000.00 for 6 months.
14.16 % interest (nominal, p.a.)
Business type
Agriculture, Restaurants, Food & Beverage
Location
Changkat Bukit Bintang
Number of outlets
Seven
Number of directors
Two
Personal guarantees
Three
Year of incorporation
2013
Number of employees
98

Important risk information:

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’).
Risk score of CAA2 (‘High risk’)  indicates that this investment amount has a high level of risk.  

The group's revenue exceeded 20 million RM in 2017, 2018 and 2019 with a profit posted in every of those years. However, Rhine River Sdn Bhd's had significant losses during the Covid-19 years or 2021 and 2022 and continues to be negatively impacted by adverse economic situations. Any deterioration in the F&B industry and/or external shocks such as a pandemic will have a significantly bad impact on Rhine River Sdn Bhd, which increase the riskiness of this investment note.

Rhine River Sdn Bhd has previously raised 40 financing rounds with Alixco (Total: 40 Active: 11 Finished: 29) with an outstanding total amount of approximately RM 2,150,000 and all repayments on time until now. 

Investor Fees:
Alixco charges investors 1% on total repayments (for 6 months investment notes) only if and when repayment occurs.