MIRA
INFORM REPORT
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Report Date : |
12.07.2007 |
IDENTIFICATION DETAILS
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Name : |
M.A.P. |
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Registered Office : |
No 72 & 74 Jalan Yam Tuan, 70000 Seremban, Negeri,
Sembilan,. |
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Country : |
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Date of Incorporation : |
25.08.1983 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Retail in food and household products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
EXECUTIVE SUMMARY
REGISTRATION NO : 000610332-D
BUSINESS NAME :
M.A.P.
COMMENCEMENT DATE : 19 Jul 1983
REGISTRATION DATE : 25 Aug 1983
EXPIRY DATE : 15 Mar 2008
BUSINESS CONSTITUTION : SOLE PROPRIETORSHIP
BUSINESS ADDRESS : NO 72 & 74 JALAN YAM TUAN, 70000 SEREMBAN, NEGERI
TEL NO : 06 - 7646652
FAX NO : 06 - 7645489
CONTACT PERSON : SEGARRAN S/O M A PALANIANDY (OWNER)
INDUSTRY CODE : 5222 51399
PRINCIPAL ACTIVITY : RETAIL IN FOOD AND HOUSEHOLD PRODUCTS
STAFF STRENGTH : 40 [2007]
BANKER (S) : MALAYAN BANKING BHD
LITIGATION : CLEAR
PAYMENT : N/A
MANAGEMENT CAPABILITY : AVERAGE
COMMERCIAL RISK : HIGH
CURRENCY EXPOSURE : MODERATE
GENERAL REPUTATION : SATISFACTORY
INDUSTRY OUTLOOK : AVERAGE GROWTH
HISTORY / BACKGROUND
The SC commenced its business on 19 Jul, 1983 as a SOLE PROPRIETOR.
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 any time 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) retail in food and household products
.
The SC is not listed on
The SC is not qualified to be one of the Top Corporate
Performers in the
The owner of the SC are as follows :
Name Address IC/PP/Loc No: Shareholding
MR. SEGARRAN S/O M A 61, JALAN TENGKU KELANA, 41000 KLANG, 6777920 100
PALANIANDY
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100
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+ Also Director
OWNER (S)
OWNER 1
Name of Subject : MR. SEGARRAN S/O M A PALANIANDY
Address :
61, JALAN TENGKU KELANA, 41000 KLANG,
IC / PP No. : 6777920
New IC No : 620521-10-5009
Date of Birth : 21/05/1962
Nationality : MALAYSIAN INDIAN
Date of Appointment : 19/07/1983
MANAGEMENT
Name of Subject : SEGARRAN S/O M A PALANIANDY
Position : OWNER
BANKING
Banking relations are maintained principally with :
Banker Name : MALAYAN BANKING BHD
The SC enjoys normal banking routine with above mentioned banker(s).
No adverse record was found during our investigation.
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.
No winding up petition was found in our data bank
PAYMENT RECORD
SOURCES OF RAW MATERIALS :
Local : YES
Overseas : YES
Import Countries :
CLIENTELE
Local : YES Percentage : 100%
Domestic Markets :
Overseas : NO Percentage : 0 %
Payment Mode : CASH.
Type of Customer : WALK IN CUSTOMERS .
OPERATIONS
Goods Traded : HOUSEHOLD PRODUCTS
Competitor(s) : SYED EBRAMSHA & CO
BB
TONG DE HANG VEGETARIAN FOOD SUPPLIER
Total Number of Employee
YEAR 2007
GROUP N/A
COMPANY 40
Branch : YES
No of Branches : 1
Branch(es) : 12A,
JALAN TAMBAK, OFF JALAN BAWAL, OFF
41000 KLANG, SELANGOR.
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
Latest fresh investigations carried out on the SC indicated that :
Telephone Number Provided By Client : N/A
Current Telephone Number : 06-7646652
Match : N/A
Address Provided By Client : NO 72 & 74 JLN YAM TUAN, 70000 SEREMBAN
Current Address : NO 72 & 74 JALAN YAM TUAN, 70000 SEREMBAN,
NEGERI
Match : YES
Other Investigations
On 11th July 2007, we conducted an interview with Mr Segarran the SC's Owner. He revealed some information pertaining to the SC.
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.
COMMENTS
Incorporated in 1983, the SC is principally engaged in the retailing in foods and household products such as toiletries, edibles items and others. Having been in the industry for more than two decades, the SC has established relationship with its clients and suppliers to support its growth. The SC's ability to meet its obligations is much dependent on the efforts of the owner.
Currently, the SC concentrates solely on the domestic market. As the local market is already saturated, the growth prospects of the SC are restricted thereto. The SC should differentiate its products line in order to compete with other players in the same field. The SC is owned by Segarran S/O M.A.
Palaniandy and assisted by 40 employees in the operations. Overall, its management capability is average.
As the SC is registered a sole-proprietorship, its financial statement are not available for analysis. As such, we are unable to ascertain the SC's financial health.
We noted that the SC's supplies are from both local and overseas market. As it is involved in import activities, it is exposed to foreign exchange risk.
Based on our databank, the SC is clear of any litigation.
In view of the above, we recommend credit be granted to the SC under guarantee.
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)