PROPERTY REFURBISHMENT SPECIALIST

Selangor, Malaysia
29/03/2022 - 05/05/2022
Reference No : NK-29032022-MD-0001

SUMMARY

CLASSIQUE CONSTRUCTION SDN BHD’s (CLASSIQUE) maiden campaign is looking to raise RM527,000 to finance their working capital due to increased demand.

In this funding round, CLASSIQUE is offering investors an expected returns of 10.67% within 8 months.

BUSINESS OVERVIEW

As a property refurbishment specialist, CLASSIQUE’s focus market centers on a point-to-point solution for property owners. Established in Ipoh, where there is abundance of aged properties in dire need for refurbishments, CLASSIQUE provides peace of mind and convenience especially to small property owners.

As CLASSIQUE’s highly skilled and dynamic crews began serving more of Ipoh’s property owner, a reputation for providing great value began to develop, accompanied by a surprising increase in demand.

THE PROJECT

Recently, CLASSIQUE has received several large orders which necessitates an immediate increase in their working capital. CLASSIQUE is seeking immediate funds for working capital expansion to accommodate these orders.

MISSION

CLASSIQUE is a property refurbishment specialist with the mission to consistently deliver the best value and peace of mind to the property owners who struggle in managing their agedly properties.

KEY DIFFERENTIATION

  • Highest standards of finishing 
  • Emphasis on balance between functionality and aesthetics
  • Highly skilled crew and artisans

RISK MITIGATION

  • Short term financing

Utlilization of Proceeds - Fundings Summary

S.No Item Terms & Conditions
1 Product Name Mudharabah Financing-i (“Facility”)
2 Purpose of the Investment Total Project Funding Amount shall be utilized by the Issuer in the following purpose and manner according to shariah principle employed in relation to the Project:Financing for working capital to accommodate increased demandService Fee (Wakalah Fee)
3 Project Property Refurbishment Specialist
4 Investor’s Capital The financing size is RM 527,000.00
5 Issuer (Mudharib) Classique Construction Sdn Bhd
6 Sector / Industry Construction
7 Risk Grade 3.00
8 Expected Returns 16.00% p.a.
9 Mudharabah Profit Sharing 27.00%
10 Investment Tenure 8 months
11 Documentation 1. Mudharabah Agreement2. Mudharabah Wakalah Letter3. Investor Agreement4. Issuer Agreement
12 Trustee Pacific Trustees Berhad

A mudharabah muqayyadah (restricted investment profit-and-loss sharing basis) contract will be signed between investor(s) and Thirst Company Investor(s) are not lending money or buying equity.