MIRA INFORM REPORT

 

 

 

Report Date :

04.08.2011

 

IDENTIFICATION DETAILS

 

Name :

KIMIA PERTAMA (M) SDN BHD

 

 

Registered Office :

6, Jalan Anggerik Mokara 31/47, Kota Kemuning, Section 31 Shah Alam, 40460

 

 

Country :

Malaysia

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Metal and Mineral Wholesaling

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

--

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Malaysia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address

 

Kimia Pertama (M) Sdn Bhd

 

 

6, Jalan Anggerik Mokara 31/47, Kota Kemuning, Section 31

Shah Alam, 40460

Malaysia

 

Tel: +60 3 51217333

Fax: +60 3 51229208

Employees: NA Company

Type: Private Independent

Auditor: Douglas Loh & Associates

Financials in: USD (mil)

 Fiscal Year End: 31-Dec-2009

Reporting Currency: Malaysian Ringgit

Annual Sales: 6.2 Total Assets: NA

 

Business Description     

 

 

Kimia Pertama (M) Sdn Bhd is primarily engaged in wholesale (purchase and sale) of metal and non-metal waste and scrap and materials for recycling, including collecting, sorting, separating, stripping of used goods such as cars in order to obtain reusable parts, (re) packing, storage and delivery, but without a real transformation process. Additionally the purchased and sold waste has a remaining value; and dismantling of end-of-life vehicles (dismantling of cars; wholesale in car wrecks; sale of parts from wrecks to private persons and professional users).

 

Industry

             

 

Industry

Waste Management Services

ANZSIC 2006:

3322 - Metal and Mineral Wholesaling

NACE 2002:

5157 - Wholesale of waste and scrap

NAICS 2002:

423930 - Recyclable Material Merchant Wholesalers

UK SIC 2003:

5157 - Wholesale of waste and scrap

US SIC 1987:

5093 - Scrap and Waste Materials

 

 

 

Key Executives   

             

 

Name

Title

Moon Teck Kwee

MANAGING DIRECTOR

Kong Leun Chong

Dir.

1 - Profit & Loss Item Exchange Rate: USD 1 = MYR 3.52323

2 - Balance Sheet Item Exchange Rate: USD 1 = MYR 3.424


Corporate Overview

 

Location
6, Jalan Anggerik Mokara 31/47, Kota Kemuning, Section 31
Shah Alam, 40460
Malaysia

 

Tel:

+60 3 51217333

Fax:

+60 3 51229208

 

Suggest Company URL

 

Sales MYR(mil):

21.8

Assets MYR(mil):

NA

Employees:

NA

Fiscal Year End:

31-Dec-2009

 

Industry:

Waste Management Services

Company Type:

Private Independent

Quoted Status:

Not Quoted

 

MANAGING DIRECTOR:

Moon Teck Kwee

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

3322

-

Metal and Mineral Wholesaling

 

NACE 2002 Codes:

5157

-

Wholesale of waste and scrap

 

NAICS 2002 Codes:

423930

-

Recyclable Material Merchant Wholesalers

 

US SIC 1987:

5093

-

Scrap and Waste Materials

 

UK SIC 2003:

5157

-

Wholesale of waste and scrap

 

 

Business Description

Kimia Pertama (M) Sdn Bhd is primarily engaged in wholesale (purchase and sale) of metal and non-metal waste and scrap and materials for recycling, including collecting, sorting, separating, stripping of used goods such as cars in order to obtain reusable parts, (re) packing, storage and delivery, but without a real transformation process. Additionally the purchased and sold waste has a remaining value; and dismantling of end-of-life vehicles (dismantling of cars; wholesale in car wrecks; sale of parts from wrecks to private persons and professional users).

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

MYR(mil)

 

Revenue:

21.8

Current Assets:

10.9

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

NA

 

Key Corporate Relationships

Auditor:

Douglas Loh & Associates

Bank:

Malayan Banking Bhd

 

Auditor:

Douglas Loh & Associates

 

 

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Executives

 

Name

Title

Function

Moon Teck Kwee

 

MANAGING DIRECTOR

Managing Director

Kong Leun Chong

 

Dir.

Other

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.72.20

Euro

1

Rs.62.87

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.