MIRA INFORM REPORT

 

 

 

 

Report Date :

12.01.2011

 

IDENTIFICATION DETAILS

 

Name :

TCL INDUSTRIES (MALAYSIA) SDN BHD

 

 

Registered Office :

Plot 4248, Teluk Kalong Industrial Estate, 24007, Kemaman, Terengganu

 

 

Country :

Malaysia

 

 

Date of Incorporation :

03.09.1994

 

 

Com. Reg. No.:

314248-T

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturing of Maleic Anhydride

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Malaysia

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY SEARCH

 

LOCAL NO                                          : 314248-T

COMPANY NAME                              :  TCL INDUSTRIES (MALAYSIA) SDN BHD

FORMER NAME                                :  N/A

INCORPORATION DATE                     :  03/09/1994

COMPANY STATUS                           :  EXIST

LEGAL STATUS                                 :  PRIVATE LIMITED COMPANY

REGISTERED ADDRESS                     : PLOT 4248, TELUK KALONG INDUSTRIAL ESTATE, 24007

                                                           KEMAMAN, TERENGGANU, MALAYSIA.

BUSINESS ADDRESS                       :  PLOT 4248, TELUK KALONG INDUSTRIAL ESTATE, 24007

                                                           KEMAMAN, TERENGGANU, MALAYSIA.

PRINCIPAL ACTIVITY                          : MANUFACTURING OF MALEIC ANHYDRIDE

AUTHORISED CAPITAL            :            MYR50,000,000.00 DIVIDED INTO ORDINARY SHARE 50,000,000 OF

MYR1.00 EACH.

ISSUED AND PAID UP CAPITAL            :MYR38,622,002.00 DIVIDED INTO

                                                           ORDINARY SHARE 37,996,022 CASH AND 625,980 OTHERWISE

                                                           OF MYR1.00 EACH.

LAST UPDATED                                    : 07/01/2011/ SUE

 

 

SHAREHOLDER (S)

 

The major shareholder(s) of the SC are shown as follows :

Name                                           Address                                                       IC/PP/Loc No: Shareholding

THIRUMALAI CHEMICALS LTD   73, MITTAL TOWER B WING, NARIMAN POINT,            15,422,000

                                                BOMBAY 400021, 8TH FLOOR, INDIA.

 

ULTRAMARINE & PIGMENTS    THIRUMALAI HOUSE, PLOT 101/102, SION                    7,600,000

LTD                                          EAST, MUMBAI 400022, INDIA.

RANSON PTE LTD                    150 ORCHARD ROAD, 06-07 ORCHARD PLAZA,            5,408,002

                                                0923, SINGAPORE.

 

SINGAPORE HIGHPOLYMER    21 TANJUNG PENJURU, JURONG INDUSTRIAL  3,120,000

CHEMICAL PRODUCTS PTE      ESTATE, 2260, SINGAPORE.

LTD

 

 

TERENGGANU  JKR                  168, JALAN TEMASYA PANTAI, BATU                           725242  3,120,000

 

 

INCORPORATED SDN BHD        BURUK, 20400 KUALA TERENGGANU,

                                                 TERENGGANU, MALAYSIA.

 

PROMET BHD                           MENARA PROMET, JALAN SULTAN ISMAIL,                3482       3,120,000

                                                 33RD FLOOR, 50250 KUALA LUMPUR,

                                                 WILAYAH PERSEKUTUAN, MALAYSIA.

 

MR. N.S. MANI @ NATARAJAN  245 ORCHARD BOULEVARD, 12-03 ORCHARD       1340632D         832,000

     SUBRAMANIAM                   BEL AIR, 248648, SINGAPORE.

                                                                                                                                              --------------------

                                                                                                                                                 38,622,002

                                                                                                                                             ===========

+ Also Director

 

 

DIRECTORS

DIRECTOR  1

Name of Subject                         :     MR. KRISHNASWAMY THIRUMALAI

Address                                     :     LOT 144, 50 JALAN DELIMA, 24000 KEMAMAN, TERENGGANU,

                                                       MALAYSIA.

IC / PP No.                                 :     F1263653

Nationality                                  :     INDIAN

Date of Appointment                    :     02/11/1999

DIRECTOR  2

Name of Subject                         :     MR. SAGI VENKATA SEETHA RAMA RAJU

Address                                     :     2557, TAMAN SI BUYUNG, 24000 KEMAMAN, TERENGGANU,

                                                       MALAYSIA.

IC / PP No.                                 :     Z1714023

Nationality                                  :     INDIAN

Date of Appointment                    :     30/06/2003

    

 

AUDITOR

 

Auditor                                :     ERNST & YOUNG

Auditors' Address                :     MENARA MILENIUM, JALAN DAMANLELA, PUSAT BANDAR

                                               DAMANSARA, LEVEL 23A, 50490, WILAYAH PERSEKUTUAN,

                                               MALAYSIA.

 

 

COMPANY SECRETARY

1) Company Secretary                     :     MR. HONG BOON WEE

IC / PP No.                                    :     A1536772

New IC No.                                    :     701007-10-5625

Address                                        :     12, JALAN CEMARA SD 3/8, BANDAR SRI DAMANSARA, 52200

                                                          KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.

Date of Appointment                       :     12/12/2008

 

 

ENCUMBRANCE (S)

 

ENCUMBRANCE 1

Date of Creation                                 :     26 Apr 1995

Description of Charge                          :     DEBENTURE, FIXED AND FLOATING

Amount Secured                                :     RM 8,197,471.00

Description of Property Affected           :     FIXED  AND FLOATING CHARGE

Name & Address of Chargee               :     MAYBANK INTERNATIONAL (L) LTD

Form 40 Dated 04 May 1995

Registered and Numbered 1 In  The Register of Charges

ENCUMBRANCE 2

Date of Creation                                 :     26 Apr 1995

Description of Charge                          :     AGREEMENT, AGREEMENT

Amount Secured                                :     RM 8,197,471.00

Description of Property Affected           :     FIXED CHARGE

Name & Address of Chargee               :     MAYBANK INTERNATIONAL (L) LTD

Form 40 Dated 04 May 1995

Registered and Numbered 2 In  The Register of Charges

ENCUMBRANCE 3

Date of Creation                                 :     26 Apr 1995

Description of Charge                          :     AGREEMENT, FIXED AND FLOATING

Amount Secured                                :     RM 27,000,000.00

Description of Property Affected           :     FIXED CHARGE

Name & Address of Chargee               :     MALAYAN BANKING BHD

                                                              MENARA TR, 161B JLN AMPANG, 22ND FLR, 50450 KUALA

                                                              LUMPUR.

Form 40 Dated 04 May 1995

Registered and Numbered 3 In  The Register of Charges

ENCUMBRANCE 4

Date of Creation                      :  26 Apr 1995

Description of Charge                          :  DEBENTURE, FIXED

Amount Secured                                :     RM 8,197,471.00

Description of Property Affected           :     FIXED & FLOATING CHARGE

Name & Address of Chargee               :     MAYBANK INTERNATIONAL (L) LTD

                                                              WISMA OCEANIC, JLN OKK AWANG BESAR, LEVEL 8, 87007

                                                              LABUAN, SABAH, MALAYSIA.

Form 40 Dated 04 May 1995

Registered and Numbered 4 In  The Register of Charges

ENCUMBRANCE 5        

Date of Creation                      :  26 Apr 1995

Description of Charge                          :     DEBENTURE, FIXED AND FLOATING

Amount Secured                                :     RM 13,500,000.00

Description of Property Affected           :     FIXED & FLOATING CHARGE

Name & Address of Chargee               :     MALAYAN BANKING BHD

                                                              MENARA MAYBANK, 100 JLN TUN PERAK, 50050 KUALA

                                                              LUMPUR.

Form 40 Dated 04 May 1995

Registered and Numbered 5 In  The Register of Charges

ENCUMBRANCE 6

Date of Creation                                 :     26 Apr 1995

Description of Charge                          :     DEBENTURE, FIXED AND FLOATING

Amount Secured                                :     RM 13,500,000.00

Description of Property Affected           :     FIXED & FLOATING CHARGE

Name & Address of Chargee               :     MALAYAN BANKING BHD

                                                              MENARA TR, JLN AMPANG, 18TH FLR, 50450 KUALA

                                                              LUMPUR.

Form 40 Dated 04 May 1995

Registered and Numbered 6 In  The Register of Charges

ENCUMBRANCE 7

Date of Creation                                 :     27 Apr 1999

Description of Charge                          :     DEBENTURE, FIXED

Amount Secured                                :     RM 5,000,000.00

Description of Property Affected           :     FIXED & FLOATING CHARGE

Name & Address of Chargee               :     MALAYAN BANKING BHD

                                                              TOWER 3, RHB CENTRE, 426 JLN TUN RAZAK, LEVEL 8,

                                                              50400 KUALA LUMPUR.

Form 40 Dated 27 Apr 1995

Registered and Numbered 7 In  The Register of Charges

ENCUMBRANCE 8

Date of Creation                                 :     27 Apr 1999

Description of Charge                          :     DEBENTURE, FIXED

Amount Secured                                :     RM 5,000,000.00

Description of Property Affected           :     FIXED & FLOATING CHARGE

Name & Address of Chargee               :     MALAYAN BANKING BHD

                                                              MENARA MAYBANK, 100 JLN TUN PERAK, 14TH FLR, 50050

                                                              KUALA LUMPUR.

Form 40 Dated 27 Apr 1995

Registered and Numbered 8 In  The Register of Charges

                                                                                                                                                                       

ENCUMBRANCE 9

Date of Creation                                 :     27 Apr 1999

Description of Charge                          :     CHARGE, FIXED ANG FLOATING

Amount Secured                                :     RM 5,000,000.00

Description of Property Affected           :     HS(D) 2425 PT LOT 4248, MK TELUK KALUNG, KEMAMAN

Name & Address of Chargee               :     MALAYAN BANKING BHD

                                                              TOWER 3, RHB CENTRE, 426 JLN TUN RAZAK, LEVEL 8,

                                                              50400 KUALA LUMPUR.

Form 40 Dated 27 Apr 1995

Registered and Numbered 9 In  The Register of Charges

ENCUMBRANCE 10

Date of Creation                                 :     27 Apr 1999

Description of Charge                          :     CHARGE, FIXED AND FLOATING

Amount Secured                                :     RM 5,000,000.00

Description of Property Affected           :     HS(D) 2425 PT LOT 4248, MK TELUK KALUNG, KEMAMAN

Name & Address of Chargee               :     MALAYAN BANKING BHD

                                                              MENARA MAYBANK, 100 JLN TUN PERAK, 14TH FLR, 50050

                                                              KUALA LUMPUR.

Form 40 Dated 27 Apr 1999

Registered and Numbered 10 In  The Register of Charges

ENCUMBRANCE 11

Date of Creation                                 :     27 Apr 1999

Description of Charge                          :     AGREEMENT, FIXED

Amount Secured                                :     RM 10,000,000.00

Description of Property Affected           :     FIXED CHARGE

Name & Address of Chargee               :     MALAYAN BANKING BHD

                                                              TOWER 3, RHB CENTRE, 426 JLN TUN RAZAK, LEVEL 8,

                                                              50400 KUALA LUMPUR.

Form 40 Dated 27 Apr 1999

Registered and Numbered 11 In  The Register of Charges

ENCUMBRANCE 12

Date of Creation                                 :     08 Oct 2001

Description of Charge                          :     FIXED AND FLOATING

Amount Secured                                :     RM 5,000,000.00

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MALAYAN BANKING BHD

Form 40 Dated 01 Jan 2001

Registered and Numbered 12 In  The Register of Charges

ENCUMBRANCE 13

Date of Creation                                 :     08 Oct 2001

Description of Charge                          :     FIXED

Amount Secured                                :     RM 5,000,000.00

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MALAYAN BANKING BHD

Form 40 Dated 01 Oct 2001

Registered and Numbered 13 In  The Register of Charges

ENCUMBRANCE 14

Date of Creation                                 :     08 Oct 2001

Description of Charge                          :     FIXED AND FLOATING

Amount Secured                                :     RM 5,000,000.00

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MALAYAN BANKING BHD

Form 40 Dated 08 Oct 2001

Registered and Numbered 14 In  The Register of Charges

ENCUMBRANCE 15

Date of Creation                                 :     08 Oct 2001

Description of Charge                          :     FIXED

Amount Secured                                :     RM 5,000,000.00

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MALAYAN BANKING BHD

Form 40 Dated 08 Oct 2001

Registered and Numbered 15 In  The Register of Charges

ENCUMBRANCE 16

Date of Creation                                 :     01 Oct 2001

Description of Charge                          :     FIXED AND FLOATING

Amount Secured                                :     RM 20,000,000.00

Description of Property Affected           :     N/A

Name & Address of Chargee               :     CIMB BANK BHD

Form 40 Dated 08 Oct 2001

Registered and Numbered 16 In  The Register of Charges

ENCUMBRANCE 17

Date of Creation                                 :     01 Oct 2001

Description of Charge                          :     FIXED

Amount Secured                                :     RM 20,000,000.00

Description of Property Affected           :     N/A

Name & Address of Chargee               :     CIMB BANK BHD

Form 40 Dated 08 Oct 2001

Registered and Numbered 17 In  The Register of Charges

ENCUMBRANCE 18

Date of Creation                                 :     14 Feb 1996

Description of Charge                          :     FOREIGN CURRENCY

Amount Secured                                :     N/A

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MAYBANK INTERNATIONAL (L) LTD

Form 40 Dated

Registered and Numbered 18 In  The Register of Charges

ENCUMBRANCE 19

Date of Creation                                 :     14 Feb 1996

Description of Charge                          :     FOREIGN CURRENCY

Amount Secured                                :     N/A

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MAYBANK INTERNATIONAL (L) LTD

Form 40 Dated

Registered and Numbered 19 In  The Register of Charges

ENCUMBRANCE 20

Date of Creation                                 :     14 Feb 1996

Description of Charge                          :     N/A

Amount Secured                                :     RM 13,500,000.00

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MALAYAN BANKING BHD

Form 40 Dated

Registered and Numbered 20 In  The Register of Charges

ENCUMBRANCE 21

Date of Creation                                 :     14 Feb 1996

Description of Charge                          :     N/A

Amount Secured                                :     RM 13,500,000.00

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MALAYAN BANKING BHD

Form 40 Dated

Registered and Numbered 21 In  The Register of Charges

ENCUMBRANCE 22

Date of Creation                                 :     24 Nov 2006

Description of Charge                          :     FOREIGN CURRENCY

Amount Secured                                :     N/A

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MAYBANK INTERNATIONAL (L) LTD

Form 40 Dated

Registered and Numbered 22 In  The Register of Charges

ENCUMBRANCE 23

Date of Creation                                 :     24 Nov 2006

Description of Charge                          :     FOREIGN CURRENCY

Amount Secured                                :     N/A

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MAYBANK INTERNATIONAL (L) LTD

Form 40 Dated

Registered and Numbered 23 In  The Register of Charges

ENCUMBRANCE 24

Date of Creation                                 :     24 Nov 2006

Description of Charge                          :     FOREIGN CURRENCY

Amount Secured                                :     N/A

Description of Property Affected           :     N/A

Name & Address of Chargee               :     MAYBANK INTERNATIONAL (L) LTD

Form 40 Dated

Registered and Numbered 24 In  The Register of Charges

                                                                                   

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.32

UK Pound

1

Rs.70.54

Euro

1

Rs.58.70

 

 

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.