|
* Adopted abbreviations : SC - Subject Company (the company enquired by you)
N/A
- Not Applicable
EXECUTIVE SUMMARY
|
REGISTRATION NO.
|
:
|
659514-V
|
|
COMPANY NAME
|
:
|
KUALITI JAYA MANUFACTURING (M) SDN BHD
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
14/07/2004
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL STATUS
|
:
|
PRIVATE LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
REGISTERED ADDRESS
|
:
|
20 JALAN SS 26/11, TAMAN MAYANG JAYA, 47301 PETALING JAYA, SELANGOR,
MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
NO 77, 1ST FLOOR, JALAN BATU UNJUR 8, TAMAN BAYU PERDANA, 41200
KLANG, SELANGOR, MALAYSIA.
|
|
TEL.NO.
|
:
|
03-33247220
|
|
FAX.NO.
|
:
|
03-33248713
|
|
CONTACT PERSON
|
:
|
KARUPPIAH ( DIRECTOR )
|
|
INDUSTRY CODE
|
:
|
31900
|
|
PRINCIPAL ACTIVITY
|
:
|
MANUFACTURER OF DRY BATTERY
|
|
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 [2011]
|
|
|
|
LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER CHECK
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
WEAK
|
|
COMMERCIAL RISK
|
:
|
HIGH
|
|
CURRENCY EXPOSURE
|
:
|
MODERATE
|
|
GENERAL REPUTATION
|
:
|
SATISFACTORY
|
|
INDUSTRY OUTLOOK
|
:
|
AVERAGE GROWTH
|
|
PROPOSED CREDIT LIMIT
|
:
|
NIL
|
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) manufacturer of dry battery.
The SC is not listed on Bursa Malaysia (Malaysia Stock Exchange).
The major shareholder(s) of the SC are
shown as follows :
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
|
MR. VIJINDRAN S/O SUBRAMANIAM +
|
82A, USJ S/4 Q, 47100 PUCHONG, SELANGOR, MALAYSIA.
|
790912-08-6249
|
1.00
|
|
MR.SIVASANKAR S/O SINI SAMY
|
|
790606-02-5229
|
1.00
|
|
|
|
|
---------------
|
|
|
|
|
2.00
|
|
|
|
|
============
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
MR. KARUPPIAH A/K OODIAPPAN
|
|
Address
|
:
|
103 JALAN PANTI, TAMAN JOHOR, 81200 JOHOR BAHRU, JOHOR, MALAYSIA.
|
|
New IC No
|
:
|
580623-01-5019
|
|
Date of Birth
|
:
|
23/06/1958
|
|
Nationality
|
:
|
MALAYSIAN INDIAN
|
|
Date of Appointment
|
:
|
14/07/2004
|
DIRECTOR 2
|
Name Of Subject
|
:
|
MR. VIJINDRAN S/O SUBRAMANIAM
|
|
Address
|
:
|
82A, USJ S/4 Q, 47100 PUCHONG, SELANGOR, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
790912-08-6249
|
|
Date of Birth
|
:
|
12/09/1979
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN INDIAN
|
|
Date of Appointment
|
:
|
05/07/2007
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
KARUPPIAH
|
|
|
Position
|
:
|
DIRECTOR
|
|
|
|
|
|
|
2)
|
Name of Subject
|
:
|
RAJA
|
|
|
Position
|
:
|
OPERATIONS MANAGER
|
|
|
|
|
|
AUDITOR
No Auditor found in our databank
COMPANY SECRETARIES
|
1)
|
Company Secretary
|
:
|
MR. NAGARAJAH S/O ALAGU
|
|
|
|
|
|
|
|
New IC No
|
:
|
561217-05-5257
|
|
|
Address
|
:
|
20, JALAN SS 26/11, TAMAN MAYANG JAYA, 47300 PETALING JAYA,
SELANGOR, MALAYSIA.
|
BANKING
Banking relations are maintained principally with :
|
1)
|
Name
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
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.
No legal action was found in our databank.
No winding up petition was found in our databank.
DEFAULTER CHECK AGAINST SC
* We have checked through the SC in our defaulters' database which comprised
of debtors that have been blacklisted by our customers and debtors that have been
placed or assigned to us for collection since 1990. Information was provided
by third party where the debt amount can be disputed. Please check with
creditors for confirmation as alleged debts may have been paid since recorded
or are being disputed.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT RECORD
|
SOURCES OF RAW MATERIALS:
|
|
Local
|
:
|
YES
|
|
Overseas
|
:
|
YES
|
|
|
|
|
CLIENTELE
|
Local
|
:
|
YES
|
Percentage
|
:
|
100%
|
|
Domestic Markets
|
:
|
MALAYSIA
|
|
Overseas
|
:
|
NO
|
Percentage
|
:
|
0%
|
|
|
|
|
|
|
|
|
Credit Term
|
:
|
30 - 60 DAYS
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
|
OPERATIONS
|
Products manufactured
|
:
|
|
|
|
|
|
|
Competitor(s)
|
:
|
ANCOM
LOGISTICS BHD
MEMS TECHNOLOGY BHD
MIKRO MSC BHD
RECTRON (M) SDN BHD
TAMCO SWITCHGEAR (MALAYSIA) SDN BHD
|
|
|
|
|
|
Total Number of Employees:
|
|
YEAR
|
2011
|
|
|
|
|
GROUP
|
N/A
|
|
|
|
|
|
|
|
|
|
COMPANY
|
5
|
|
|
|
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) manufacturer of dry
battery.
The SC manufactures dry batteries for torchlight and flaslights.
Besides this the SC also involved in the recycling of metal and plastic
products.
PROJECTS
No projects found in our databank
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
|
:
|
03-33247220
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
NO 77, 1ST FLOOR, JALAN BATU UNJUR 8, TAMAN BAYU PERDANA, 41200
KLANG
|
|
Current Address
|
:
|
NO 77, 1ST FLOOR, JALAN BATU UNJUR 8, TAMAN BAYU PERDANA, 41200
KLANG, SELANGOR, MALAYSIA.
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
NO
|
Other Investigations
We contacted Mr Raja, the SC's Operation Manager. He furnished 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:
|
2007
|
2008
|
2009
|
2010*
|
2011**
|
|
|
|
|
|
|
|
|
Population ( Million)
|
27.17
|
27.73
|
28.31
|
28.88
|
29.13
|
|
Gross Domestic Products ( % )
|
6.3
|
4.6
|
<0.5>
|
6.9
|
5.8
|
|
Domestic Demand ( % )
|
9.0
|
6.9
|
2.9
|
4.6
|
4.8
|
|
Private Expenditure ( % )
|
8.6
|
7.1
|
<2.7>
|
8.1
|
7.0
|
|
Consumption ( % )
|
9.0
|
8.4
|
0.7
|
6.7
|
6.3
|
|
Investment ( % )
|
7.1
|
1.5
|
<17.2>
|
15.2
|
10.2
|
|
Public Expenditure ( % )
|
10.1
|
6.5
|
5.2
|
3.8
|
2.8
|
|
Consumption ( % )
|
10.8
|
11.6
|
3.1
|
0.2
|
4.6
|
|
Investment ( % )
|
9.3
|
0.7
|
8.0
|
8.3
|
0.6
|
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million )
|
100,340
|
129,563
|
89,650
|
118,356
|
116,058
|
|
Government Finance ( MYR Million )
|
<19,948>
|
<34,462>
|
<28,450>
|
<40,482>
|
-
|
|
Government Finance to GDP / Fiscal Deficit ( % )
|
<3.2>
|
<4.8>
|
<4.8>
|
<5.6>
|
<5.4>
|
|
Inflation ( % Change in Composite CPI)
|
2.0
|
<3.3>
|
<5.2>
|
5.1
|
-
|
|
Unemployment Rate
|
3.2
|
3.7
|
4.5
|
3.9
|
-
|
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion )
|
336
|
388
|
331
|
394
|
-
|
|
Average Risk-Weighted Capital Adequacy Ratio ( % )
|
3.04
|
1.91
|
2.87
|
2.20
|
-
|
|
Average 3 Months of Non-performing Loans ( % )
|
13.30
|
13.24
|
11.08
|
15.30
|
-
|
|
Average Base Lending Rate ( % )
|
6.72
|
6.72
|
5.53
|
5.70
|
-
|
|
Business Loans Disbursed( % )
|
9.1
|
11.6
|
10.5
|
14.7
|
-
|
|
Foreign Investment ( MYR Million )
|
33,426.0
|
23,261.4
|
22,156.8
|
22,517.9
|
-
|
|
Consumer Loans ( % )
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Companies ( No. )
|
43,337
|
41,599
|
41,578
|
-
|
-
|
|
Registration of New Companies ( % )
|
13.2
|
<4.0>
|
<0.1>
|
-
|
-
|
|
Liquidation of Companies ( No. )
|
22,629
|
27,992
|
39,075
|
-
|
-
|
|
Liquidation of Companies ( % )
|
161.5
|
23.7
|
39.6
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Business ( No. )
|
227,410
|
269,866
|
312,581
|
-
|
-
|
|
Registration of New Business ( % )
|
-
|
-
|
-
|
-
|
-
|
|
Business Dissolved ( No. )
|
20,431
|
18,885
|
19,345
|
-
|
-
|
|
Business Dissolved ( % )
|
<61.4>
|
<7.6>
|
2.4
|
-
|
-
|
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit )
|
442.9
|
497.5
|
319.4
|
369.7
|
-
|
|
Cellular Phone Subscribers ( Million )
|
23.3
|
25.1
|
30.1
|
32.8
|
-
|
|
Tourist Arrival ( Million Persons )
|
20.9
|
21.5
|
23.6
|
24.0
|
25.0
|
|
Hotel Occupancy Rate ( % )
|
70
|
68
|
58
|
63
|
-
|
|
|
|
|
|
|
|
|
Credit Cards Spending ( % )
|
20.1
|
17.1
|
12.8
|
15.1
|
-
|
|
Bad Cheque Offenders (No.)
|
30,004
|
34,834
|
-
|
-
|
-
|
|
Individual Bankruptcy ( No.)
|
13,238
|
13,907
|
-
|
-
|
-
|
|
Individual Bankruptcy ( % )
|
<2.6>
|
5.1
|
-
|
-
|
-
|
|
INDUSTRIES ( % of Growth ):
|
2007
|
2008
|
2009
|
2010*
|
2011**
|
|
|
|
|
|
|
|
|
Agriculture
|
3.1
|
3.6
|
0.4
|
3.4
|
4.5
|
|
Palm Oil
|
<0.6>
|
7.0
|
<1.1>
|
1.3
|
-
|
|
Rubber
|
1.0
|
<1.1>
|
<19.8>
|
9.9
|
-
|
|
Forestry & Logging
|
2.8
|
<1.5>
|
<5.9>
|
<1.3>
|
-
|
|
Fishing
|
5.2
|
4.0
|
5.5
|
4.1
|
-
|
|
Other Agriculture
|
7.0
|
5.9
|
9.0
|
6.6
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
487.3
|
393.0
|
413.7
|
508.4
|
-
|
|
% of Industry Non-Performing Loans
|
1.1
|
<2.0>
|
1.3
|
2.1
|
-
|
|
|
|
|
|
|
|
|
Mining
|
3.3
|
<0.8>
|
<3.8>
|
1.0
|
2.9
|
|
Oil & Gas
|
2.2
|
12.7
|
2.1
|
4.9
|
-
|
|
Other Mining
|
-
|
-
|
-
|
-
|
-
|
|
Industry Non-performing Loans ( MYR Million )
|
42.2
|
36.0
|
44.2
|
49.7
|
-
|
|
% of Industry Non-performing Loans
|
0.1
|
0.1
|
0.1
|
0.1
|
-
|
|
|
|
|
|
|
|
|
Manufacturing #
|
3.1
|
1.3
|
<9.4>
|
10.8
|
6.7
|
|
Exported-oriented Industries
|
<1.9>
|
2.7
|
<19.0>
|
12.1
|
-
|
|
Electrical & Electronics
|
3.0
|
2.4
|
<30.3>
|
27.4
|
-
|
|
Rubber Products
|
8.0
|
4.2
|
<10.1>
|
25.3
|
-
|
|
Wood Products
|
3.3
|
<6.0>
|
<24.1>
|
19.7
|
-
|
|
Textiles & Apparel
|
<10.1>
|
1.9
|
<19.5>
|
<1.3>
|
-
|
|
Domestic-oriented Industries
|
5.3
|
9.9
|
<9.8>
|
16.3
|
-
|
|
Food, Beverages & Tobacco
|
5.6
|
9.5
|
0.2
|
3.0
|
-
|
|
Chemical & Chemical Products
|
9.2
|
1.4
|
<7.7>
|
20.4
|
-
|
|
Plastic Products
|
<3.6>
|
6.5
|
<9.1>
|
2.4
|
-
|
|
Iron & Steel
|
17.5
|
16.8
|
<32.7>
|
30.0
|
-
|
|
Fabricated Metal Products
|
26.2
|
14.7
|
<2.5>
|
14.9
|
-
|
|
Non-metallic Mineral
|
6.6
|
8.3
|
<15.5>
|
20.2
|
-
|
|
Transport Equipment
|
<19.0>
|
27.1
|
<13.5>
|
36.5
|
-
|
|
Paper & Paper Products
|
14.9
|
8.6
|
<5.0>
|
20.5
|
-
|
|
Crude Oil Refineries
|
8.6
|
7.8
|
0.2
|
<11.4>
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
6,366.2
|
5,729.4
|
6,007.3
|
6,217.5
|
-
|
|
% of Industry Non-Performing Loans
|
14.1
|
16.8
|
18.3
|
23.8
|
-
|
|
|
|
|
|
|
|
|
Construction
|
4.6
|
2.1
|
5.8
|
4.9
|
4.4
|
|
Industry Non-Performing Loans ( MYR Million )
|
5,116.7
|
4,149.8
|
3,241.8
|
4,038.5
|
-
|
|
% of Industry Non-Performing Loans
|
11.3
|
12.2
|
9.9
|
10.7
|
-
|
|
|
|
|
|
|
|
|
Services
|
9.7
|
7.3
|
2.6
|
6.5
|
5.3
|
|
Electric, Gas & Water
|
4.6
|
5.0
|
0.4
|
8.5
|
5.6
|
|
Transport, Storage & Communication
|
7.60
|
7.80
|
1.60
|
7.15
|
7.55
|
|
Wholesale, Retail, Hotel & Restaurant
|
11.6
|
10.0
|
2.8
|
4.7
|
5.2
|
|
Finance, Insurance & Real Estate
|
10.7
|
9.2
|
3.8
|
6.0
|
5.2
|
|
Government Services
|
4.6
|
8.6
|
2.0
|
6.7
|
1.9
|
|
Other Services
|
5.0
|
5.9
|
4.4
|
4.2
|
5.4
|
|
Industry Non-Performing Loans ( MYR Million )
|
10,207.8
|
8,281.4
|
6,631.3
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7,384.6
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-
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% of Industry Non-Performing Loans
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22.6
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24.3
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20.2
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25.7
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-
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* Estimate / Preliminary
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** Forecast
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# Based On
Manufacturing Production Index
(Source : Department of Statistics / Economic Report / Bank Negara Report)
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INDUSTRY COMMENTS
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MSIC CODE
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31900 : Manufacture of other electrical equipment n.e.c.
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INDUSTRY :
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ELECTRICAL & ELECTRONIC
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Malaysia's electronics and electrical (E&E) capabilities are expected
to be strengthened across the value chain with focus on attracting
multinational companies to operate in the country. Under the E&E
national key economic area targets, the sector is projected to increase
gross national income by RM53bil to RM90bil by 2020, and provide 157,000
jobs.
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Four geographic areas (the Northern Corridor, the greater Klang Valley,
Johor and Sarawak) have been idenfied and sub-sectors include
semiconductors, solar, light emitting diodes (LEDs), electrical appliances
and industrial electronics.
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Proposed projects under semiconductors include bringing in five mature
technology fabricators and three in advanced packaging technology; setting up
50 IC design firms and two wafer substrate manufacturers. The aim is to
have a concentration of leading global semiconductor firms; the current
global market share is 5%.
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In the solar manufacturing industry, it was proposed that domestic silicon
production be increased from six kilotonnes to 114 kilotonnes by 2020. The
production capacity of cell, wafers and modules should be increased by 10
times from 2.3GW to 23.3GW in 2020. Malaysia also aims to be a major
manufacturing location for modules serving the Asian market. The global
market for solar manufacturing is projected to increase from US$35bil in
2009 to US$290bil in 2020, with Asia as a major growth area.
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Malaysia currently has 10% of the LED market largely for the illumination
sector. The target is to attract at least one major substrate supplier and
one epitaxy to complete the value chain. Two more LED wafer fabrication
plants are to be brought in, while the LED packaging business would be
expanded by 15% per year. At least five solid state lighting companies will
be developed into global leaders with a certification laboratory for LED
products.
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Malaysia has a strong LED presence. Three out of five of the largest
lighting companies are located in the country. Besides the Government's
push for green technology, higher education for specialised LED areas, for
example thermal and optics, should be encouraged.
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Under industrial electronics, the target is to grow Agilent's Malaysian electronic
measurement and bioanalytics business, and build the complete test and
measurement ecosystem. There is also a proposal to grow the radio
communications ecosystem led by Motorola and develop radio frequency
identification applications. Malaysia should be promoted as a site for
leading automation equipment manufacturers. A consortium of electrical home
appliances companies should also be built.
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OVERALL INDUSTRY OUTLOOK : Average Growth
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COMMENTS & RECOMMENDATION
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Incorporated in 2004 as a private limited company, the SC is
principally engaged in the manufacturer of dry battery. Throughout 7 years
of establishment, the SC has slowly been building up contacts with its clients
and competing in the industry. We noted that the SC's issued and paid up
capital stands at only RM2. This means that its creditors are only able to
recover a limited amount. Hence, caution is advised.
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The SC's business expansion opportunities are limited as it concentrates
solely on the local market. With the only concentration in the domestic
market, the SC is deemed to be in high risk compared to other
export-oriented players in the same industry. As a small company with only
5 employees in the business, the SC does not have strong management team.
The SC's overall management capability is considered as weak.
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No financial accounts are available for analysis. As such, we are not able
to comment on the SC'S current financial standing.
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Investigation revealed that the SC's supplies are sourced locally and from
overseas countries. Thus, it is subjected to the currency fluctuation risk.
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Based on our databank, the SC is clear of any litigation action
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The electrical and electronic products would continue to be the largest
contributor to manufactured exports.Thus, the industry remains attractive
coupled with the continuous investment in advance technology. With the
promising outlook of the industry performance, the SC business potential
should be favourable. The SC however faces fierce competition as it has to
compete with many well established players in the same field.
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Based on the above unfavourable condition, we regard granting credit to the
SC to be quite risky. Hence, credit is not recommended.
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