|
EXECUTIVE
SUMMARY
REGISTRATION NO. : 762448-D
COMPANY NAME : ENNIS
MANUFACTURING SDN BHD
FORMER NAME : N/A
INCORPORATION DATE : 12/02/2007
COMPANY STATUS : EXIST
LEGAL STATUS : PRIVATE LIMITED
LISTED STATUS : NO
REGISTERED ADDRESS : SUITE 1005, WISMA
HAMZAH-KWONG HING, 1 LEBUH AMPANG, 10TH
FLOOR, 50100
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
BUSINESS ADDRESS : 38B, JALAN TUN MOHD FUAD 2, TAMAN TUN DR ISMAIL,
60000 KUALA
LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA.
TEL.NO. : 03-77225582
FAX.NO. : 03-77225579
CONTACT PERSON : LEONG SAW SAN ( EXECUTIVE DIRECTOR )
INDUSTRY CODE : 25209
PRINCIPAL ACTIVITY : MANUFACTURING
OF THERMO PLASTIC AND RESIN
AUTHORISED CAPITAL : MYR 100,000.00
DIVIDED INTO ORDINARY SHARE 100,000.00 OF MYR 1.00
EACH.
ISSUED AND PAID UP CAPITAL : MYR 2.00 DIVIDED
INTO ORDINARY SHARES 2 CASH OF MYR 1.00
EACH.
SALES : N/A
NET WORTH : N/A
STAFF STRENGTH : 5 [2008]
BANKER
(S) :
RHB BANK BHD
LITIGATION : CLEAR
FINANCIAL CONDITION : N/A
PAYMENT : N/A
MANAGEMENT CAPABILITY : WEAK
COMMERCIAL RISK : N/A
CURRENCY EXPOSURE : N/A
GENERAL REPUTATION : NOT YET DETERMINED
INDUSTRY OUTLOOK : AVERAGE GROWTH
HISTORY
/ BACKGROUND
The SC is a
private limited company and is allowed to have a minimum of one and a maximum
of forty-nine shareholders. As a private limited company, the SC must have at
least two directors. A private limited company is a separate legal entity
from its shareholders. As a separate legal entity, the SC is capable of
owning assets, entering into contracts, sue or be sued by other companies.
The liabilities of the shareholders are to the extent of the equity they have
taken up and the creditors cannot claim on shareholders' personal assets even
if the SC is insolvent. The SC is governed by the Companies Act, 1965 and the
company must file its annual returns, together with its financial statements
with the Registrar of Companies.
The SC is
principally engaged in the (as a / as an) manufacturing of thermo plastic and
resin.
The SC is not listed on Bursa Malaysia (Malaysia Stock Exchange).
The SC is not qualified to be one of the Top Corporate Performers in the
Malaysia 1000 (M1000) publication, a directory jointly published by Companies
Commission of Malaysia (The Registrar Office), Minister of Domestic Trade and
Consumer Affairs and our publication arm, BASIS Publications House Sdn Bhd.
The major
shareholder(s) of the SC are shown as follows :
|
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
|
WARREN BRYCE
ANDERSON +
|
1450, SUGAR RIDGE ROAD, ENNIS TEXAS, USA MINOR OUTLYING ISLANDS.
|
P104344597
|
1.00
|
|
JOHN BRYCE
ANDERSON +
|
3515, HARDVARD DALLAS, TEXAS, USA MINOR OUTLYING ISLANDS.
|
P039341274
|
1.00
|
|
|
|
|
---------------
|
|
|
|
|
2.00
|
|
|
|
|
============
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
MS. LEONG SAW SAN
|
|
Address
|
:
|
28, JALAN BU 1/3, BANDAR UTAMA DAMANSARA, 47800 PETALING JAYA,
SELANGOR, MALAYSIA.
|
|
IC / PP No
|
:
|
8136494
|
|
New IC No
|
:
|
540830-08-5128
|
|
Date of Birth
|
:
|
30/08/1954
|
|
Nationality
|
:
|
MALAYSIAN CHINESE
|
|
Date of Appointment
|
:
|
12/02/2007
|
DIRECTOR 2
|
Name Of Subject
|
:
|
ACRA MICHAEL WADI
|
|
Address
|
:
|
3701, EL PRADO BOULEVARD, MIAMI FLORIDA, 33133, UNITED STATES.
|
|
IC / PP No
|
:
|
P212840437
|
|
|
|
|
|
|
|
|
|
Nationality
|
:
|
AMERICAN
|
|
Date of Appointment
|
:
|
19/03/2007
|
DIRECTOR 3
|
Name Of Subject
|
:
|
MR. CHANG YOCK MIOW
|
|
Address
|
:
|
28, JALAN BU 1/3, BANDAR UTAMA, DAMANSARA, 47800 PETALING JAYA,
SELANGOR, MALAYSIA.
|
|
IC / PP No
|
:
|
4381009
|
|
New IC No
|
:
|
521125-10-5003
|
|
Date of Birth
|
:
|
25/11/1952
|
|
Nationality
|
:
|
MALAYSIAN CHINESE
|
|
Date of Appointment
|
:
|
12/02/2007
|
DIRECTOR 4
|
Name Of Subject
|
:
|
WARREN BRYCE ANDERSON
|
|
Address
|
:
|
1450, SUGAR RIDGE ROAD, ENNIS TEXAS, 75119, USA MINOR OUTLYING
ISLANDS.
|
|
IC / PP No
|
:
|
P104344597
|
|
Nationality
|
:
|
AMERICAN
|
|
Date of Appointment
|
:
|
12/02/2007
|
DIRECTOR 5
|
Name Of Subject
|
:
|
JOHN BRYCE ANDERSON
|
|
Address
|
:
|
3515, HARDVARD DALLAS, 75205, TEXAS, USA MINOR OUTLYING ISLANDS.
|
|
IC / PP No
|
:
|
P039341274
|
|
Nationality
|
:
|
AMERICAN
|
|
Date of Appointment
|
:
|
12/02/2007
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
LEONG SAW SAN
|
|
|
Position
|
:
|
EXECUTIVE DIRECTOR
|
|
|
|
|
|
AUDITOR
No Auditor found in our databank
COMPANY
SECRETARIES
|
1)
|
Company Secretary
|
:
|
MR. JASNI BIN ABDUL JALIL
|
|
|
IC / PP No
|
:
|
7007140
|
|
|
New IC No
|
:
|
630309-07-5323
|
|
|
Address
|
:
|
47, JALAN SUNGAI CONGKAK 32/43, BUKIT RIMAU, 40460 SHAH ALAM,
SELANGOR, MALAYSIA.
|
|
|
Date of Appointment
|
:
|
12/02/2007
|
|
|
|
|
|
|
|
|
|
|
|
2)
|
Company Secretary
|
:
|
MS. WON SWEE HWAN
|
|
|
IC / PP No
|
:
|
A0331878
|
|
|
New IC No
|
:
|
660207-10-6712
|
|
|
Address
|
:
|
2, JALAN LANG PERUT PUTIH 9 (121), KEPONG BARU, 52100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
Date of Appointment
|
:
|
12/02/2007
|
BANKING
Banking relations are maintained principally with :
The SC enjoys normal banking routine with above mentioned banker(s). No
adverse record was found during our investigation.
ENCUMBRANCE
(S)
No encumbrance was found in our databank at the time of investigation.
LEGAL
CHECK AGAINST SC
* A check has been conducted in our databank againt the SC whether the subject
has been involved in any litigation. Our databank consists of 99% of the
wound up companies in Malaysia back dated since 1900.
No legal action was found in our databank.
No winding up petition was found in our databank.
PAYMENT
RECORD
The SC has no suppliers information as it has not started its production.
CLIENTELE
|
Local
|
:
|
NO
|
Percentage
|
:
|
%
|
|
|
|
|
|
|
|
|
Overseas
|
:
|
NO
|
Percentage
|
:
|
%
|
The SC has no clientele information as it has not started its production.
However it is planning to focus on both local and international customers.
OPERATIONS
|
Products manufactured
|
:
|
|
THERMO PLASTIC AND RESINS
|
|
|
|
|
|
|
Competitor(s)
|
:
|
|
BASF (MALAYSIA) SDN BHD
|
|
INNOVATIVE PLASTICS LNP MALAYSIA SDN BHD
|
|
LUSTER INDUSTRIES BHD
|
|
NYLEX (MALAYSIA) BHD
|
|
PLASTRADE TECHNOLOGY BHD
|
|
|
|
|
|
|
Total Number of Employees:
|
|
YEAR
|
2008
|
2007
|
|
|
|
GROUP
|
N/A
|
N/A
|
|
|
|
|
|
|
|
|
COMPANY
|
5
|
5
|
|
|
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) manufacturing of thermo
plastic and resin.
The SC is in midst of setting up the factory for its production division
which is located in Sungai Buloh.
Currently, the SC has 5 staff for administration works and its going to
recruite its production workers in March 2008.
We were informed that the SC is going to start its production in March or
April 2008
The SC's products are mainly used for the plastic industry.
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
|
:
|
03-77225582
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
38B, JALAN TUN MOHD FUAD 2, TAMAN TUN DR ISMAIL, 60000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN.
|
|
Current Address
|
:
|
38B, JALAN TUN MOHD FUAD 2, TAMAN TUN DR ISMAIL, 60000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
NO
|
Other Investigations
We contacted Ms Linda from the Accounts Department. She provided us some
information on the SC.
FINANCIAL
COMMENTS
No latest financial
accounts are available at the Registry Office, thus we are not able to
comment on the SC's financial performance.
ECONOMIC
/ INDUSTRY OUTLOOK
|
Major Economic Indicators:
|
2004
|
2005
|
2006
|
2007*
|
2008**
|
|
|
|
|
|
|
|
|
Population ( Million)
|
25.58
|
26.13
|
26.64
|
27.17
|
27.73
|
|
Gross Domestic Products ( % )
|
7.1
|
5.3
|
5.8
|
6.0
|
6.5
|
|
Domestic Demand ( % )
|
7.5
|
7.3
|
7.0
|
9.0
|
6.8
|
|
Private Expenditure ( % )
|
13.1
|
9.5
|
7.0
|
8.6
|
8.2
|
|
Consumption ( % )
|
10.5
|
9.2
|
7.1
|
9.0
|
7.9
|
|
Investment ( % )
|
25.8
|
8.5
|
7.0
|
7.1
|
9.5
|
|
Public Expenditure ( % )
|
<2.1>
|
3.6
|
6.8
|
10.1
|
3.2
|
|
Consumption ( % )
|
6.0
|
5.4
|
5.0
|
10.8
|
5.5
|
|
Investment ( % )
|
<8.7>
|
1.9
|
8.9
|
9.3
|
0.5
|
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million )
|
80,663
|
99,760
|
108,192
|
99,965
|
99,599
|
|
Government Finance ( MYR Million )
|
<19,419>
|
<18,684>
|
<19,109>
|
<19,948>
|
<20,933>
|
|
Government Finance to GDP / Fiscal Deficit ( % )
|
<4.3>
|
<3.8>
|
<3.3>
|
<3.2>
|
<3.1>
|
|
Inflation ( % Change in Composite CPI)
|
1.4
|
3.1
|
3.9
|
4.0
|
4.0
|
|
Unemployment Rate
|
3.5
|
3.5
|
3.4
|
3.5
|
3.3
|
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion )
|
254
|
266
|
290
|
-
|
-
|
|
Average Risk-Weighted Capital Adequacy Ratio ( % )
|
13.84
|
13.63
|
12.91
|
-
|
-
|
|
Average 3 Months of Non-performing Loans ( % )
|
8.46
|
6.74
|
5.41
|
-
|
-
|
|
Average Base Lending Rate ( % )
|
5.99
|
6.00
|
6.61
|
-
|
-
|
|
Business Loans Disbursed( % )
|
10.5
|
8.7
|
<2.5>
|
-
|
-
|
|
Foreign Investment ( MYR Million )
|
13,143.9
|
17,882.9
|
20,228.0
|
-
|
-
|
|
Consumer Loans ( % )
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Companies ( No. )
|
38,580
|
37,474
|
38,293
|
-
|
-
|
|
Registration of New Companies ( % )
|
6.8
|
<2.9>
|
2.2
|
-
|
-
|
|
Liquidation of Companies ( No. )
|
3,334
|
3,069
|
8,647
|
-
|
-
|
|
Liquidation of Companies ( % )
|
<15.8>
|
<7.9>
|
181.8
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Business ( No. )
|
189,206
|
193,095
|
216,147
|
-
|
-
|
|
Registration of New Business ( % )
|
4.6
|
2.1
|
11.9
|
-
|
-
|
|
Business Dissolved ( No. )
|
51,301
|
73,355
|
52,879
|
-
|
-
|
|
Business Dissolved ( % )
|
7.0
|
43.0
|
<27.9>
|
-
|
-
|
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit )
|
380.6
|
400.8
|
374.1
|
-
|
-
|
|
Cellular Phone Subscribers ( Million )
|
14.6
|
18.5
|
19.5
|
21.3
|
-
|
|
Tourist Arrival ( Million Persons )
|
15.7
|
16.7
|
17.5
|
20.1
|
-
|
|
Hotel Occupancy Rate ( % )
|
60.8
|
63.6
|
64.8
|
-
|
-
|
|
|
|
|
|
|
|
|
Credit Cards Spending ( % )
|
19.3
|
13.9
|
15.4
|
-
|
-
|
|
Bad Cheque Offenders (No.)
|
70,465
|
57,316
|
36,555
|
-
|
-
|
|
Individual Bankruptcy ( No.)
|
16,251
|
15,868
|
13,596
|
-
|
-
|
|
Individual Bankruptcy ( % )
|
31.6
|
<2.4>
|
<14.3>
|
-
|
-
|
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ):
|
2004
|
2005
|
2006
|
2007*
|
2008**
|
|
|
|
|
|
|
|
|
Agriculture
|
5.0
|
2.5
|
5.3
|
3.1
|
3.5
|
|
Palm Oil
|
3.9
|
7.1
|
5.8
|
<0.6>
|
-
|
|
Rubber
|
16.5
|
<2.9>
|
12.6
|
1.0
|
-
|
|
Forestry & Logging
|
4.3
|
2.0
|
<0.4>
|
2.8
|
-
|
|
Fishing
|
5.5
|
<0.4>
|
9.3
|
5.2
|
-
|
|
Other Agriculture
|
2.4
|
3.2
|
5.3
|
7.0
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
620.3
|
563.7
|
516.5
|
487.3
|
0
|
|
% of Industry Non-Performing Loans
|
1.38
|
1.19
|
1.06
|
1.08
|
0
|
|
|
|
|
|
|
|
|
Mining
|
3.9
|
0.8
|
<0.4>
|
3.3
|
4.0
|
|
Oil & Gas
|
4.5
|
1.6
|
4.6
|
-
|
-
|
|
Other Mining
|
<8.0>
|
<1.0>
|
5.1
|
-
|
-
|
|
Industry Non-performing Loans ( MYR Million )
|
62.6
|
68.8
|
55.4
|
42.2
|
-
|
|
% of Industry Non-performing Loans
|
0.1
|
0.1
|
0.1
|
0.1
|
-
|
|
|
|
|
|
|
|
|
Manufacturing #
|
9.8
|
5.1
|
7.3
|
3.1
|
3.8
|
|
Exported-oriented Industries
|
15.5
|
3.0
|
11.1
|
<1.9>
|
-
|
|
Electrical & Electronics
|
17.8
|
3.6
|
13.4
|
3.0
|
-
|
|
Rubber Products
|
14.8
|
2.4
|
0.4
|
8.0
|
-
|
|
Wood Products
|
12.7
|
0.9
|
0.7
|
3.3
|
-
|
|
Textiles & Apparel
|
<11.7>
|
<4.4>
|
12.6
|
<10.1>
|
-
|
|
Domestic-oriented Industries
|
9.7
|
6.9
|
5.0
|
5.3
|
-
|
|
Food, Beverages & Tobacco
|
3.8
|
7.7
|
4.8
|
5.6
|
-
|
|
Chemical & Chemical Products
|
14.6
|
6.9
|
1.7
|
9.2
|
-
|
|
Plastic Products
|
13.5
|
18.6
|
21.3
|
<3.6>
|
-
|
|
Iron & Steel
|
2.7
|
<6.7>
|
<6.9>
|
17.5
|
-
|
|
Fabricated Metal Products
|
29.2
|
<7.5>
|
20.0
|
26.2
|
-
|
|
Non-metallic Mineral
|
<4.8>
|
<6.0>
|
<1.9>
|
6.6
|
-
|
|
Transport Equipment
|
8.6
|
10.4
|
5.3
|
<19.0>
|
-
|
|
Paper & Paper Products
|
2.3
|
4.6
|
4.1
|
14.9
|
-
|
|
Crude Oil Refineries
|
<2.4>
|
8.2
|
12.1
|
8.6
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
7,765.4
|
6,035.6
|
6,181.3
|
6,366.2
|
-
|
|
% of Industry Non-Performing Loans
|
17.3
|
12.7
|
12.7
|
14.1
|
-
|
|
|
|
|
|
|
|
|
Construction
|
<1.5>
|
<1.6>
|
<0.5>
|
5.2
|
6.3
|
|
Industry Non-Performing Loans ( MYR Million )
|
5,547.7
|
5,172.7
|
5,527.3
|
5,116.7
|
-
|
|
% of Industry Non-Performing Loans
|
12.4
|
10.9
|
11.4
|
11.3
|
-
|
|
|
|
|
|
|
|
|
Services
|
6.8
|
6.6
|
7.2
|
9.0
|
8.6
|
|
Electric, Gas & Water
|
8.1
|
5.5
|
5.2
|
4.6
|
5.0
|
|
Transport, Storage & Communication
|
8.5
|
6.3
|
5.2
|
7.6
|
7.8
|
|
Wholesale, Retail, Hotel & Restaurant
|
7.1
|
8.0
|
7.1
|
11.6
|
10.0
|
|
Finance, Insurance & Real Estate
|
6.3
|
7.0
|
7.7
|
10.7
|
9.2
|
|
Government Services
|
6.5
|
7.6
|
9.8
|
4.6
|
8.6
|
|
Other Services
|
4.9
|
5.0
|
4.7
|
5.0
|
5.9
|
|
Industry Non-Performing Loans ( MYR Million )
|
8,913.7
|
8,716.8
|
11,593.2
|
10,207.8
|
-
|
|
% of Industry Non-Performing Loans
|
19.9
|
18.4
|
23.9
|
22.6
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Estimate / Preliminary
|
|
|
|
|
|
|
** Forecast
|
|
|
|
|
|
|
# Based On
Manufacturing Production Index
(Source : Department of Statistics / Economic Report / Bank Negara Report)
|
INDUSTRY COMMENTS
|
MSIC CODE
|
|
25209 : Manufacture of other plastic products n.e.c
|
|
|
|
|
INDUSTRY :
|
PLASTIC
|
|
The plastics manufacturers have been adversely affected by the rising
prices of major types of plastic resins, both local and imported, due to
various factors. The Malaysian Plastics Manufacturers Association (MPMA)
stated that the average price of certain grades of resins on August 2007
was higher by about 20% compared to the average price in 2006. The increase
was mainly due to the strong surge in crude oil and natural gas prices that
had led to higher feedstock prices. Feedstock is the principal raw material
used in the production of plastic resins. The unabated increase in prices
of the resins, which form a major portion of the manufacturing cost of
plastic products, ranging from 50% to 70% depending on the types of plastic
products, has adversely affected the operations of the plastic
manufacturers. Nevertheless, MPMA had adopted various cost-saving measures
to absorb the impact of the rising cost, the adverse impact had left them
with no avenue but to pass part of the rising cost to intermediate users and
retailers. MPMA also seeks the understanding and cooperation of the
intermediate users and retailers of plastic finished products to bear part
of the cost, which is currently being mainly borne by the members, in order
to minimise the impact of the price adjustment on consumers.
|
|
The Malaysian plastic products industry is one of the most established
industries within the country's manufacturing sector. The industry has
developed into a highly diversified sector, encompassing an extensive range
of plastic products such as components for the telecommunications industry,
construction materials, household goods, acrylic sheets, bags, bathroom
accessories, bottles, containers, toys games and packing materials. The
plastic industry registered a decline in output and sales of 3.6% and 0.7%
in the first six months of 2007 (January-June 2006: 21.7%; 13.3%),
respectively, due to lower demand for components from the E&E and
transport equipment industries as well as lower supply of petroleum
feedstock. This was reflected in the sharp decline in the production of
plastic bags and films as well as plastics blow moulded products by 25.1%
and 14.0% (January-June 2006: 44.9%; 1.1%), respectively. However, plastic
injection moulded products continued to record strong growth of 20.1%
(January-June 2006: 17.5%), in part due to increased demand for packaging
materials by the beverages industry as well as plastic parts for automobile
components meant for the export market.
|
|
Malaysia is a net exporter of plastic products. Export of plastic products
grew 10.8% in the first six months of 2007 (January-June 2006: 10.2%) in
response to increase demand from information and communications technology
(ICT) and medical devices industries. Major export destinations were
Singapore, Japan and Thailand. Malaysia is the second biggest plastic bag
exporter to European Union (EU) after China. Although the domestic sector
is facing stiff competition from China, Thailand and Indonesia, the exports
of plastic products to the EU saw an increase following the conclusion of
anti-dumping and anti-subsidy investigations in 2006 on plastic carrier
bags imported from Malaysia. In addition, Malaysia's move to ban the import
of plastic waste to be recycled and used as inputs in the production
process effective October 2007, will ensure greater acceptability of
domestic plastic products worldwide.
|
|
Local plastic manufacturers, who are mostly involved in the packaging
industry, should look to produce high value-added and precision products in
the medical device and biotechnology industries as this will help increase
the production of moulded products using engineering plastics, bringing the
industry on par with that of developed countries such as Japan, South Korea
and Taiwan. The increased interest in the manufacture of plastic components
and plastic compounds indicates that the sector is moving up the technology
and value chain. This trend is expected to continue in 2007.
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Average Growth
|
COMMENTS
|
Established in 2007, the SC is principally engaged in the manufacturing of
thermo plastic and resins. Although the SC incorporated in Feb 2007, the SC
has not started its production. We were informed that the SC is going to
start its production in March or April 2008. Being a young company, the SC
faces high business risk as it has yet to build up a stable reputation for
itself among its supplier and clientele. We noted that the SC's paid up
capital stands at RM2 and the SC's shareholders structure consists of 2
individual shareholders. Without a strong shareholders' backing, the SC may
face difficulties in its attempt to further expand its business in the
future.
|
|
The SC has no clientele information as it has not started its production.
However it is planning to focus on both local and international customers.
At present, the SC has 5 employees in its operation and we were informed
that its going to recruit its production workers in March 2008. The
management of the SC is headed by Executive Director, Leong Saw San. As the
SC is newly established, more efforts are expected from the management and
its overall management capability is regarded as weak.
|
|
As the SC has not started its production, it has yet to file its financial
statement with the Registrar Office. Therefore we are unable to comment on
the SC's financial position.
|
|
The SC has no supplier information as it has not started its production.
|
|
The SC is clear of any litigation action.
|
|
The industry shows an upward trend and this trend is very likely to sustain
in the near future. With the promising outlook of the industry performance,
the business potential of the SC should be favourable. However, as the SC
is a new player in the industry, the SC has to implement aggressive
marketing strategies in order to capture its own market shares in the
market and to compete with other well established players in the same
field.
|
|
Being a young company, we propose that business transaction with the SC be
conducted with caution and on a conservative basis until such time when the
SC is more fully established. Hence, credit is not recommended.
|
|
