MIRA
INFORM REPORT
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Report Date : |
19.01.2007 |
IDENTIFICATION DETAILS
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Name : |
NIKKEI
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Registered Office : |
2-A,
Jln Lengkongan Brunai 55100, |
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Country : |
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Date of Incorporation : |
10 Oct, 1990 |
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Com. Reg. No.: |
846001-M |
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Legal Form : |
Sole
Proprietorship |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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Status : |
Dormant
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
* All figures quoted in this report
are in local currency RM (Ringgit
otherwise specified.
* Adopted abbreviations : SC - Subject Company ( the company enquired
by you)
N/A - Not Applicable
EXECUTIVE SUMMARY
REGISTRATION NO : 846001-M
BUSINESS
NAME : NIKKEI
FORMER
NAME : N/A
COMMENCEMENT
DATE : 10 OCT 1990
EXPIRY
DATE : 09 OCT 1995
BUSINESS
CONSTITUTION : SOLE PROPRIETORSHIP
DATE
TERMINATED : 26 OCT 1994
OFFICAL
COMM./LEGAL : 2A JLN LENGKONGAN BRUNAI 55100,
PROCESS
ADDRESS
BUSINESS ADDRESS : 2-A, JLN LENGKONGAN BRUNAI 55100,
WILAYAH
PERSEKUTUAN.
TEL NO : N/A
FAX
NO : N/A
PERSON
TO CONTACT : N/A
INDUSTRY
CODE : 0
PRINCIPAL
ACTIVITY : DORMANT
STAFF
STRENGTH : N/A
BANKER
(S) : N/A
LITIGATION : CLEAR
PAYMENT : N/A
MANAGEMENT CAPABILITY : N/A
COMMERCIAL
RISK : N/A
CURRENCY
EXPOSURE : N/A
GENERAL
REPUTATION : NOT YET DETERMINED
INDUSTRY
OUTLOOK : NOT YET DETERMINED
HISTORY / BACKGROUND
The SC commenced its business on 10 Oct, 1990 as a SOLE PROPRIETORSHIP.
The SC is a sole proprietorship, that is, it
has a single owner whose liabilities are unlimited. In case the
SC
is unable to meet all its obligations, the creditors can claim on the owner's
personal assets. The sole
proprietorship
ceases upon the death of the owner or anytime at the discretion of the owner.
The ownership is non-transferable. Under the law, the SC has to file in its
information with Registrar of
Business
but it is not required to file in its financial statements.
The SC is principally
engaged in the (as a / as an) dormant.
The owner of the SC
are as follows :
Name . . . . . . . . . . . . . . . . . . . .
. . . .Address . . . . . . . . . . . . . . . . . . . . . . . . . IC/PP/Loc
No: Shareholding
HOONG FOOK THIM 18-2
JLN 2/101, TMN DESA AMAN, CHERAS, 2ND 6366067 100.00
FLR,
------------------
100.00
==========
OWNER (S)
We have conducted the following 2 essential checks on all the directors of the SC in our database:
* INTEREST CHECK This refers to a check in our databank
whether the said person has any interest
companies and
businesses.
* CREDIT HISTORY CHECK : This refers to a check in our databank
whether the said person has been involved in any legal suites, bankruptcy,
liquidated/wound up companies in Malaysia and as well as any other default
information related to him/her which
were contributed by our valued subscribers. Our information on
bankruptcy and wound up companies date back to 1900.
OWNER 1
Name
of Subject : HOONG FOOK THIM
Address : 18-2 JLN 2/101, TMN DESA AMAN, CHERAS, 2ND
FLR, KUALA
LUMPUR.
IC
/ PP No : 6366067
New
IC No : 620127-10-6521
Date
of Birth : 27/01/1962
Nationality :
Date
of Appointment : 10/10/1990
INTEREST CHECK
Interest
in other companies : none in our databank
Interest
in business : see below
CREDIT HISTORY
CHECK
Legal
action : none in our databank
Bankruptcy
action : none in our databank
Secretary/director/
shareholder of would up company : none in our databank
Contributing
subscriber default information : none in our databank
MANAGEMENT
1) Name of Subject : N/A
Position : MANAGING
DIRECTOR
LEGAL CHECK AGAINST THE SC
* A check has been conducted in our
databank against the SC whether the subject has been involved in any litigation. Our databank
consists of 99% of the wound up companies in
No legal action was
found in our databank.
PAYMENT RECORD
Subject company refused to provide any name
of trade/service supplier and without the financial account, we are not able to comment on the
subject's payment habit.
CLIENTELE
Local : N/A
Overseas : N/A
OPERATIONS
Other Information :
The SC is principally
engaged in the (as a / as an) dormant.
RECENT DEVELOPMENT
We have checked with the Malaysian National News Agency''s (BERNAMA) database, but no latest
development was noted in our
investigation.
CURRENT INVESTIGATION
On 19th June 2005, we tried to contact the SC but we were unable to locate the SC.
We have conducted a site visit of
address provided : Block B, 24-1, City One Condominium, Jalan Munshi Abdullah
50100 Kuala Lumpur and confirmed that the address is belongs to an individual
resident.
Besides that, we have verified
and confirmed that the SC's business has terminated since 1994 as per Registrar
of Business.
FINANCIAL COMMENTS
We are unable to comment on the SC
financial position as the SC is not required by the law to file its financial statement in the
Registrar of Business.
ECONOMIC / INDUSTRY OUTLOOK
Major Economic Indicators :
Major Economic Indicators : 2002 2003 2004 2005* 2006**
Population (
Million ) 24.53 25.05 25.58 26.13 26.64
Gross Domestic
Products ( % ) 4.4 5.4 7.1 5.3 6.0
Domestic Demand ( %
) 4.2 5.9 7.5 7.3 5.9
Private Expenditure
( % ) 0.7 5.5 13.1 9.5 7.4
Consumption ( % ) 4.4 6.6 10.5 9.2 6.8
Investment ( % ) <13.1> 0.4 25.8 10.8 10.0
Public Expenditure
( % ) 10.8 6.6 <2.1> 0.1 3.0
Consumption ( % ) 12.2 10.0 6.0 5.9 3.2
Investment ( % ) 9.8 3.9 <8.7> 0.4 2.7
Balance of Trade (
RM Million ) 50,967 81,136 80,663 99,760 101,766
Government Finance
( RM Million ) <20,253> <20,928> <19,419> <18,684> <18,443>
Government Finance
to GDP / Fiscal Deficit ( % ) <5.6> <5.3> <4.3> <3.8> <3.5>
Inflation ( %
Change in Composite CPI ) 1.8 1.2 1.4 3.1 4.0
Unemployment Rate (
% ) 3.5 3.6 3.5 3.5 3.4
Net International
Reserves ( RM Billion ) 1,517 1,761 2,525 3,401 -
Average
Risk-Weigthted Capital Adequacy Ratio ( % ) 12.93 13.28 13.84 13.63 -
Average 3 Months of
Non-performing Loans ( % ) 10.93 9.46 8.46 6.74 -
Average Base
Lending Rate ( % ) 6.39 6.13 5.99 6.00 -
Business Loans ( %
) 10.3 7.2 10.5 8.7 -
Consumer Loans ( %
) 10.6 6.5 10.4 14.3 -
Credit Cards
Spending ( % ) 24.6 14.3 19.3 13.9 -
Registration of New
Companies ( No.) 34,810 36,124 38,580 37,474 -
Registration of New
Companies ( % ) 8.9 3.8 6.8 <2.9> -
Liquidation of
Companies ( No. ) 3,508 3,958 3,334 3,069 -
Liquidation of
Companies ( % ) <22.1> 12.8 <15.8> <7.9> -
Registration of New
Businesses ( No. ) 155,419 180,950 189,206 193,095 -
Registration of New
Businesses ( % ) - 16.4 4.6 2.1 -
Businesses
Dissolved ( No.) 76,877 47,931 51,301 73,355 -
Businesses
Dissolved ( % ) - <37.7> 7.0 43.0 -
Sales of New
Passenger Cars ( '000 Unit ) 356.0 320.5 380.6 400.8 -
Cellular Phone
Subscribers ( Million ) 9.1 11.1 14.6 18.5 -
Tourist Arrival (
Million Persons ) 13.3 10.6 15.7 16.7 -
Hotel Occupancy
Rate ( % ) 57.9 55.3 60.8 61.0 -
INDUSTRIES ( % of Growth ) : 2002 2003 2004 2005* 2006**
Agriculture 2.8 5.6 5.0 2.1 2.0
Palm Oil 0.1 11.3 3.9 9.5 6.6
Rubber 8.8 11.3 16.5 <2.0> 1.8
Forestry &
Logging 5.0 2.0 4.3 3.0 2.4
Fishing 7.5 3.7 5.5 <0.4> 5.3
Other Agriculture 2.4 0.3 2.4 4.7 5.3
Industry
Non-Performing Loans ( RM Million ) 920.0 759.2 655.3 581.2 -
% of Industry
Non-Performing Loans 8.5 7.7 6.3 5.5 -
Mining 4.3 5.8 3.9 0.8 5.0
Oil & Gas 3.7 5.1 4.5 1.6 4.6
Other Mining 3.5 2.9 <8.0> <1.0> 5.1
Industry
Non-Performing Loans ( RM Million ) 159.5 143.6 85.9 119.1 -
% of Industry
Non-Performing Loans 16.8 13.7 9.1 15.6 -
Manufacturing # 4.3 8.4 9.8 4.9 7.0
Export-oriented
Industries 5.5 8.9 15.5 3.0 -
Electrical &
Electronics 8.1 9.6 17.8 3.6 -
Rubber Products 2.1 17.6 14.8 2.4 -
Wood Products <6.0> 0.9 12.7 <3.7> -
Textiles &
Apparel <6.2> <2.2> <11.7> 1.3 -
Domestic-oriented
Industries 3.5 12.1 9.7 6.2 -
Food, Beverages
& Tobacco 7.8 10.9 3.8 7.7 -
Chemical &
Chemical Products 2.7 20.7 14.6 6.9 -
Plastic Products <6.0> 28.0 13.5 18.6 -
Iron & Steel 2.0 12.9 2.7 <11.8> -
Fabricated Metal
Products 10.4 6.0 29.2 <7.5> -
Non-metallic
Mineral 5.5 10.8 <4.8> <3.8> -
Transport Equipment 6.1 <5.5> 8.6 12.9 -
Paper & Paper
Products 7.7 5.1 2.3 4.6 -
Crude Oil
Refineries <1.3> 1.7 <2.4> 8.2 -
Industry
Non-Performing Loans ( RM Million ) 11,924.8 9,463.3 8,151.1 6,238.1 -
% of Industry
Non-Performing Loans 20.1 15.9 13.2 10.5 -
Construction 2.0 1.5 <1.5> <1.6> 1.0
Industry
Non-Performing Loans ( RM Million ) 8,926.7 7,647.2 6,789.7 5,679.2 -
% of Industry
Non-Performing Loans 30.1 27.5 23.6 20.2 -
Services 6.5 4.5 6.8 6.6 6.0
Electricity, Gas
& Water 5.9 4.9 8.1 5.5 6.1
Transport, Storage
& Communication 4.1 5.7 8.5 6.3 7.1
Wholesale, Retail,
Hotel & Restaurants 2.6 1.5 7.1 8.0 6.5
Finance, Insurance
& Real Estate 14.2 5.5 6.3 5.4 5.4
Government Services 5.3 8.3 6.5 8.8 5.1
Other Services 4.3 3.3 4.9 5.0 5.9
Industry
Non-Performing Loans ( RM Million ) 26,151.4 27,167.4 27,068.3 27,502.0 -
% of Industry
Non-Performing Loans 11.8 11.3 10.2 9.5 -
* Forecast
** Estimate / Preliminary
# Based On Manufacturing Production
Index
( Source
: Department of Statistics / Economic
Report / Bank Negara Report )
INDUSTRY COMMENT
MSIC CODE
0 : Activities
Not Adequately Defined
INDUSTRY : DORMANT
The SC is a dormant
company and it is not active in its business operation.
OVERALL
INDUSTRY OUTLOOK : NOT YET DETERMINE
COMMENTS
During our investigation, we are unable to contact the SC as well as the owner. We have verified and
confirmed that the SC has
terminated its business since year 1995 as per the Registrar of Business. As
the SC is dormant, we are unable
to further comments on the SC and its credit worthiness. In view of
the above, we do not recommend
any credit be granted to the SC.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |