Short Story

Seawealth Maritime Services Sdn Bhd. (SeaWealth) is looking to raise capital to increase workforce and equipment to handle more Pilot Boat Maintenance contracts.

Pilot Boat Maintenance

  • RM130000

    Funding Goal
  • RM125000

    Funds Raised
  • 0

    Days to go
  • Target Date

    Campaign End Method
Raised Percent :
96.15%
This campaign has been invalid or not started yet.
Kuala Lumpur, Malaysia

Campaign Story

SUMMARY

Seawealth Maritime Services Sdn Bhd. (SeaWealth) is looking to raise capital to increase the workforce and equipment to handle more Pilot Boat Maintenance contracts.

 

BUSINESS OVERVIEW

SeaWealth is a specialist in marine transportation and engineering for offshore and shipyard activities such as supplying fast crew boats, tug, and other logistic marines for cargoes and others. SeaWealth also focuses on port marine facilities and maintenance.

Incorporated since 2013, SeaWealth has established an excellent network of manpower comprising of truly reputable professionals supported by well experienced and knowledgeable team.

SeaWealth aspires to be a regional player and plans to expand the business and brand footprint across the SEA and Asian regions.

 

THE PROJECT

Due to consistent demand increase in the boat maintenance sector, SeaWealth aims to further grow its market by expanding its capability and capacity specifically in the pilot boat maintenance segment.

The increase in the capable workforce as well as equipment will ensure that SeaWealth can increase its production capability and facilitate the increased demand.

 

CLIENTELE

SeaWealth is honored to continue servicing reputable clients which include, RSM Shipping Services, Triumph Drilling Services, Kuantan Slipway, APMM Vessel, Malive Petroleum, Semerak Shipyard and many others.

 

KEY DIFFERENTIATION

– Seawealth Maritime Sdn Bhd holistic approach is rooted in Marine Transportation and Engineering.
– Seawealth Maritime Services Sdn Bhd has established presence in Malaysia and Southeast Asia

 

RISK MITIGATION

  • Directors’ Guarantee
  • Option for Immediate Capitalization to Investors
  • The funding amount is a small portion of the total project amount.

 

 

UTILIZATION OF PROCEEDS – FUNDING SUMMARY

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:

(i)  Increase workforce & equipment

(ii) Service Fee (Wakalah Fee)

3. Project Repair and maintenance Pilot Boat mainly for Semarak Shipyard Sdn Bhd, and other clients

 

4. Investor’s Capital The target financing size is RM 130,00.00
5. Issuer (Mudharib) Seawealth Maritime Services Sdn. Bhd.
6. Sector / Industry Marine Transportation and Engineering.
7. Risk Grade 3.37
8. Mudharabah Profit Sharing 27.00%
9. Investment Tenure 60 months
10. Repayment Investment below RM100,000 : Annual Repayment of Returns

Investment above RM100,000 : Monthly Repayment of Returns

11. Trustee Pacific Trustees Berhad

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

 

SHAREHOLDERS, DIRECTORS AND KEY MEMBERS

Muhammad Azir Marzuki

Director/Ceo

 

 

·       Muhammad Azir Marzuki is an entrepreneur with a BBA. H Transport from UITM.  Azir started his career in 2008 in Supply Chain with various multinational companies before running his own company in 2014.

·       From 2008 – 2019 , He joined Hemat Marine Sdn Bhd as Operation Supervisor before being eventually promoted to Manager Offshore / Upstream Business

·       Azir’s current experience in Maritime include Manager of Product Tanker MT Windsong, Mt Episode, MT Clarity, MT Spring, MT EnVoyager, MT Fatmawati, MT Sinar Johor, Mt Sinar Bunyu, MT Sinar Busan. Manager of LPG Tanker MT Orchid Coral, MT Summer Coral.

 

Abdul Aziz Sulaiman

Director

 

·       Mr. Abdul Aziz Sulaiman is an experienced marine superintendent. His last appointment was as Project and Technical Manager at Saz Maritime Services Sdn Bhd.

·       Heavily involved in the construction of ships, directly under the care of various maritime experts in the field of ship construction, including Design, Drawing Approval, Naval Architecture, Marine Engineering, Electrical/Electronic Engineering, Quality Assurance, Quality Control, Safety etc. Exposure to the manufacturing of marine diesel engines, pumps, motors, marine electrical equipment, nautical equipment etc.

·       Some of the training and working experience includes Manager of the supply vessel MT SAZ Supply, Tankers MT Tachibana, MT Alpha Prestige, MT Erwin, Pilot Boat BYM-1, SAZ-1 & SAZ-2, Mooring Boat BYM-2 & BYM-3, SAZ-3 & SAZ-4. Manager for tug boats of Kelang Multi Terminal Sdn. Bhd., Supervise for new ship buildings projects. Manager for dry docking of barge Blue Bayu 281, Murphy Sarawak Oil, Co. Ltd. Attended various management courses such as ABS, LR, DNV courses on ISM.

 

 

FINANCIAL SUMMARY

INCOME STATEMENT (RM) (‘000)

 

2018

 

 

2017

 

Sales revenue 1,552 782
Operating cost 917 438
Administrative cost 139 98
Net profit / (loss) after tax 397 196
 

BALANCE SHEET (RM) (‘000)

 

 

As at 30 June, ‘18

 

 

As at 30 June, ‘17

 

Current assets 745 372
Fixed assets 197 226
Total assets 942 598
Accounts payables 132 185
Retained earnings 711 313
Capital 100 100
 

Total equity & liabilities

 

942 598

Note: the financial summary is based on information provided by the Issuer

 

CONTACT INFORMATION

Name : Muhammad Azir Marzuki
Designation : CEO / Director
Address : 18-2, Jalan 15/48A, Sentul Raya Boulevard,
50480 Kuala Lumpur Malaysia
Email : [email protected]
Phone : +6012 762 9400