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MAEKO Home Composting

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WASTE MANAGEMENT

MAEKO is a leading food waste management solutions company. Its mission is to make food waste composting a closed-loop solution towards achieving zero food waste and environmental sustainability.

Introducing MunchBOT™, the newest addition to MAEKO’s family of food waste composting units developed specifically for use by home owners and communities, turning everyday food waste into reusable bio-organic compost and promoting responsible food waste management everywhere.

As featured recently by, amongst others:

MAEKO Home Composting

Closed

WASTE MANAGEMENT

MAEKO is a leading food waste management solutions company. Its mission is to make food waste composting a closed-loop solution towards achieving zero food waste and environmental sustainability.

As featured recently by, amongst others:

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Key Information

MIN INVESTMENT

RM 1,000

MIN TARGET

RM 500,000

MAX TARGET

RM 4,000,000

DIVIDEND

2.3% to 6% p.a.

SHARE TYPE

Preference Shares

TENURE

4 years

SHARE PRICE

RM 1.00

VALUATION

RM 6,563,598

Introduction

MAEKO Sales & Services Sdn Bhd was founded on 12th May 2016 by a skilled and experienced biotech team to resolve the ever challenging concerns of food waste disposal. What started off initially as a passion, grew into an enterprise through the successful research and development of MAEKO’s proprietary food waste composting technology, which was able to convert everyday food waste into reusable bio-organic compost within a short span of 24 hours.
Building on this breakthrough, MAEKO is committed towards creating innovative technology to make composting a closed-loop solution of resolving food waste disposal concerns and achieving environmental sustainability. To-date, MAEKO has successfully converted more than 5,500,000 kilograms of food waste into organic compost used for planting and continues to actively contribute towards the Sustainable Development Goals of the United Nations on environmental conservation.
With MunchBOT, MAEKO’s proprietary food waste composting technology has now been redeveloped into a modern, portable, and user-friendly food waste composting unit, in order to make food waste composting practices an ideal and accessible option to a larger community of home and business owners everywhere.

The Challenge

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Food waste concerns are much more serious than we can imagine, with Malaysia ranking No. 5 in food wastage globally, generating close to 15,000 tonnes of food waste daily, and with each person contributing 540 - 560 kilograms of food wastage per year.

Based on a 2015 report by Malaysia’s Performance Management and Delivery Unit (PEMANDU), Malaysia generates:

33,000 tonnes of solid waste per day;
15,000 tonnes of food waste per day, of which 9,700 tonnes are generated by households.

The common “out of sight, out of mind" approach to food waste disposal, by simply discarding them to landfills is no longer acceptable, especially when communities become more responsible and aware of the implications when food waste is not managed or disposed off properly:

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Our Solution

Introducing MunchBOT™, MAEKO’s patented food waste composter, developed with the specific purpose of making food waste composting modern, quick and accessible for urban households and businesses everywhere:

Addresses critical issues of space and time faced by conventional food waste composting units / facilities in the market today. Eg: Long composting cycle of 3 months, complicated to operate and takes up large spaces.
Patented aerobic composting technology converts almost all types of food waste into bio-organic compost which can be re-used as nutrient rich soil enhancers and fertilizers in urban gardens / agriculture.
Quick composting cycle of 24 - 48 hours and optimized capacity for daily family usage.
Eliminates odours from discarded food waste into trash cans / rubbish bins and promotes overall household hygiene.
Easy to operate with no additional equipment or drying process needed.
Compact and portable unit, ideal to be fitted into most urban household kitchens, office pantries, food trucks and cafes.
By tackling the problem at its source and diverting food waste from landfills, everyone can now play their part in promoting responsible food waste management, reducing environmental and economical impact for our communities.

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Why We're Different

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Choose A Convenient & Sustainable Food Waste Recycling Method

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Our Revenue Model

Our Market Opportunity

“Food Waste Portable Composter an Emerging Market”

Our Strategy

How we scale

Our Achievement

With its unique and innovative technology, MAEKO’s brand has steadily grown in trust and confidence from its customers, and in recognition from the waste and green-tech industry over the years. MAEKO is now the leading brand in food waste management in Malaysia and has received numerous awards since its launch in 2015:

UNITED NATIONS RECOGNITION

2019 marked another significant milestone for MAEKO when it was selected as one of the 10 global sustainable solutions providers at the United Nations Solutions Summit in New York City, validating MAEKO’s efforts in creating a truly circular and closed-loop solution towards helping communities divert food waste from landfills and converting food waste into reusable soil enhancers for crop cultivation as a food source.

EARLY FUNDING

In 2017, PLATCOM Ventures Sdn Bhd, Malaysia’s national technology commercialisation platform awarded MAEKO a RM 1.2 Million matching grant as part of PLATCOM’s HIP2 Program (HIGH IMPACT PROGRAMME 2), for the research and development of a home portable composting machine. In the same year, Cradle Fund Sdn Bhd awarded a grant of RM 500,000 to MAEKO as part of it’s CIP 500 commercialisation fund program to further stimulate the market.

Use of Funds

51.25% for manufacturing; 15% for advertising and promotion; 12.5% for research and development; 13.75% for operational expenses; and 7.5% for global launch and collaboration.

Fund Allocation Breakdown

Team Members

Chelsea Chee

Founder & CEO

Mae Ooi

Director of Sales

Darren Chee

Head of Production

Investment Terms

Type of Shares

Preference Shares

Offering Size

The Issuer intends to raise up to RM 4,000,000 in this fundraising exercise.

Minimum Fundraising Target

RM 500,000

Maximum Fundraising Target

RM 4,000,000

Subscription Price Per Share

RM 1 per share

Minimum Shares Offered

500,000 shares

Maximum Shares Offered

4,000,000 shares

Minimum Investment Amount

RM 1,000

Investor Eligibility

Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.

Closing Period

14 working days after the end of the Fundraising Period.

Subscription Procedure

An Investment Agreement (with an Annexed Partnership Agreement) for the subscription of the Shares and subject to review and / or amendment if required or deemed necessary by the Issuer and the ECF Platform.

Disclaimers

The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by the Issuer, MAEKO Sales & Services (M) Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following :

The financial information listed on the Deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalisation table, the term sheet, and management accounts.

The financial forecasts and projections have been prepared by the Issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness.

THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respects and is not misleading or deceptive whether by inclusion or omission.

Should the Investor require more information, they can do so by contacting Maeko Sales & Services (M) Sdn Bhd directly at chelsea@maeko.com.my or mae@maeko.com.my.

Disclaimer by Securities Commission

(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period

(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007

(iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.

Rewards

Reward(s)

The owner of Shares shall be entitled to:

i) A ‘Gratitude’ discount of 10% on the retail price for each MunchBOT unit upon its launch into the retail market, until the Shares are redeemed or converted in accordance with this Term Sheet.

ii) A referral payment from the Issuer of 10% on the retail price for each successful referral of a customer / purchaser to the Issuer, which leads to a completed sale of a MunchBOT unit, until the Shares are redeemed or converted in accordance with this Term Sheet.

Type of Share

Preference Shares (the “Shares”) with the following terms:

Dividends

Class 1: Investments in the range of RM 1,000 to 15,000
The owner of Shares within this class (with a minimum investment amount of RM 1,000 to RM 15,000 in value) shall be entitled to fixed cumulative dividends at the rate of 2.3% per annum on the investment amount (payable annually at the end of each financial year), commencing from the 2nd financial year post the date of issuance of the Shares, until the Shares are redeemed or converted in accordance with this Term Sheet.
Class 2: Investments in the range of RM 16,000 to RM 49,000
The owner of Shares within this class (with a minimum investment amount of RM 16,000.00 to RM 49,000.00 in value) shall be entitled to fixed cumulative dividends at the rate of 3.8% per annum on the investment amount (payable annually at the end of each financial year), commencing from the 2nd financial year post the date of issuance of the Shares, until the Shares are redeemed or converted in accordance with this Term Sheet.
Class 3: Investments of RM 50,000 and above
The owner of Shares within this class (with a minimum investment amount of RM 50,000.00 and above in value) shall be entitled to fixed cumulative dividends at the rate of 6.0% per annum on the investment amount (payable annually at the end of each financial year), commencing from the 2nd financial year post the date of issuance of the Shares, until the Shares are redeemed or converted in accordance with this Term Sheet.
Conversion / Redemption
Upon the expiry of 4 years post the date of issuance of the Shares (or at any time prior thereto), the Issuer shall be entitled to elect and cause either one of the following options to be carried out:
Option 1:
The Shares held by the owner shall be converted into ordinary shares of the Issuer based on a pre-money valuation of the Issuer of RM 16,000,000.00 (prior to such conversion), subject to rounding up or down at the discretion of the Issuer, should the shares be reflected in decimals.
OR
Option 2:
The Shares held by the owner shall be redeemed by the Issuer at a value of RM 1.00 for each Share.

Documents

Maeko - Pitch Deck_0 (1)

Business

_Maeko - Financial Report YE311219

Financial Account

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Presentation

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Funding Progress

127%

RM 633,251

of RM 500,000

Min Target

RM 500,000

Max Target

RM 4,000,000

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Risk Disclaimer

Investing in equity crowdfunding involves certain risks that include uncertainty of returns, lack of liquidity, dilution, material events and lack of control. Investments should be done as part of a diversified portfolio. ATA PLUS offers investment opportunities to investors who understands these risks in making their own investment decisions.

PLEASE READ THE FULL RISK WARNING BEFORE DECIDING TO INVEST.

This page is approved as a financial promotion by ATA PLUS Sdn. Bhd., which is authorized and regulated by the Security Commission of Malaysia. Deals that are up for investment are only offered to members of ata-plus.com on the basis of information provided by the companies concerned. ATA PLUS takes no responsibility for this information or for any recommendations or opinions made by the companies. For further information on this, please read our Term of Use.