MIRA INFORM REPORT
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Report Date : |
08.10.2011 |
IDENTIFICATION DETAILS
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Name : |
KILANG MEMPROSES BARANG2 TEMPATAN SDN. BHD. |
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Registered Office : |
C/O
Chua & Yeo Consultants Sdn. Bhd, 311-A Taman Melaka Raya Melaka
Raya, Melaka, Zip/Postal Code
75000 |
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Country : |
Malaysia |
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Financials (as on) : |
31.01.2010 |
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Date of Incorporation : |
07.09.1976 |
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Com. Reg. No.: |
29134-K |
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Legal Form : |
Private Limited Company Limited By Shares |
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Line of Business : |
Trading in maize, salt etc. |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 160,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
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) |
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Malaysia |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Identification details
Verified Address
Subject
name : KILANG MEMPROSES BARANG2 TEMPATAN
SDN. BHD.
Other
style / Business name : KILANG MEMPROSES BARANG-BARANG
TEMPATAN SDN. BHD.
Business
address : Jalan Pulau Gadong Batu 3 1/2
Town : Klebang Besar
Province : Melaka
Zip/postal
code : 75200
Country : Malaysia
Tel : +60 6 3357288
Fax : +60 6 3357301
Email : sclim5959@gmail.com
Registered
address : C/o CHUA & YEO CONSULTANTS SDN.
BHD.
311-A Taman Melaka Raya
Town : Melaka Raya
Province : Melaka
Zip/postal
code : 75000
Country : Malaysia
Summary details
Executive Summary
Date founded or registered : 07/09/1976
Legal form : Private Limited Company Limited By Shares
Chief executive : Lim Siew Choo
Issued & paid up capital : MYR 1,500,000
Sales turnover : MYR 27,746,583 (Non-consolidated 12 months, 31/01/2010)
Net income : MYR 522,832 (Non-consolidated 12 months, 31/01/2010)
Total fixed assets : MYR 14,173,318 (Non-consolidated 12 months, 31/01/2010)
Line of business : Trading in maize, salt etc.
Staff employed : 6 employees
Credit risk opinion
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is progressing
Management experience : Management is reasonably experienced
Financial performance : Financial performance is fair
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 160,000
Credit amount asked : Not described.
Statutory details
Registry Data
Registration date : 07/09/1976
Legal form : Private Limited Company Limited By Shares
Registration no : 29134-K
Registered authority : Companies Commission of Malaysia
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Management / directors
Key Management
Name : Lim
Siew Choo
Designation : Managing Director
Board of directors / other
appointments
Appointments
Name : Lim Siew Choo
Designation : Director
Identification no : 5546810
Appointment date : 08/07/87
Address : 19-F Lorong Bacang 2
75300 Melaka
Malaysia
Name : Liow Chai Guan
Designation : Director
Identification no : 580611-04-5341
Appointment date : 23/07/07
Address : 187 Taman Asean
Jalan Malim
75250 Melaka
Malaysia
Name : Yeo Yan
Designation : Company Secretary
Identification no : 450927-01-5469
Appointment date : 07/09/76
Address : 656D Jalan Ujong Pasir
75050 Melaka
Malaysia
Staff employed : 6 employees
Key Advisors
Auditors : YEO & PIONG
Room 602, Tingkat 6
Bangunan Toong Hsing Loong
26, Jalan Petaling
50000 Kuala Lumpur Wilayah Persekutuan Malaysia
Selangor Darul Ehsan
Malaysia
Share capital
Composition
Authorized Capital : MYR 5,000,000
No of shares : 5,000,000 Ordinary Shares
Share par value : MYR 1
Issued capital : MYR 1,500,000
Paid up capital : MYR 1,500,000
Changed in capital : The Subject increased its share capital
from MYR 1,000,000 to MYR 5,000,000 on 27-05-2010.
ownership / shareholders
How listed : Full List
Composition
Shareholder name : L.P.H.REALTY SDN.BHD.
Address : 187 Taman Asean
Jalan Malim
75250 Melaka
Malaysia
No. of shares : 750,000 Ordinary Shares
% of shares : 50%
Shareholder name : LIM SIAK CHIEW SDN. BHD.
Address : 19-F Lorong Bacang 2
75300 Melaka
Malaysia
No. of shares : 750,000 Ordinary Shares
% of shares : 50%
Related companies & corporate Affiliations
Structure
Name : PERKHIDMATAN KARGO TUMPATAN SDN BHD
Affiliation type : Associate
Address : Jln Pulau Gadong Batu 3 1/2
Klebang Besar
Melaka 75200, Malaysia
Bank & mortgages
Bank Details
Name of bank : EON Bank Berhad
Address :
Account details : Current Account
Name of bank : RHB Bank Berhad
Address :
Account details : Current Account
Comments : It is generally not the policy of local
banks to provide credit status information to non related parties, however
interested parties would be advised to consult first with the Subject if
banker's references are required.
Mortgages
Total of Charge: 155,000.00
Date of Creation: 15-01-1986
Name of Chargee: UMBC BHD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 06-02-2008
Name of Chargee: RHB BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 06-02-2008
Name of Chargee: RHB BANK BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 300,000.00
Date of Creation: 25-01-2008
Name of Chargee: RHB BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 07-07-2009
Name of Chargee: RHB BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 500,000.00
Date of Creation: 20-11-2009
Name of Chargee: EON BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 3,100,000.00
Date of Creation: 01-11-2010
Name of Chargee: EON BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 25-08-2011
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
financial data
Description
Source of financial statement : Commercial
Registry Filings
Financial statement date : 31/01/10
Type of accounts : Full audited
Currency :
Exchange rate : 1 USD = MYR 3.19 as of 05-10-2011
Summarized Financial Information
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Consolidation
type : |
Non Consolidated |
Non Consolidated |
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Currency : |
|
Malaysia, Ringgit (MYR) |
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Denomination : |
(x1) One |
(x1) One |
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Date of
financial year end : |
31/01/10 |
31/01/09 |
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Length of
accounts : |
12 months |
12 months |
|
|
27,746,583 |
25,586,222 |
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Gross profit : |
2,816,825 |
1,730,483 |
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Operating profit : |
848,454 |
942,094 |
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Profit before
tax : |
701,367 |
795,006 |
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Net income : |
522,832 |
626,256 |
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Non current
assets : |
1,344,371 |
1,253,551 |
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Current assets : |
12,828,947 |
13,404,142 |
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Inventories : |
931,811 |
779,094 |
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Total assets : |
14,173,318 |
14,657,693 |
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Current
liabilities : |
7,865,177 |
9,620,822 |
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Non current
liabilities : |
793,442 |
0 |
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Total
liabilities : |
8,658,619 |
9,620,822 |
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Share equity : |
5,514,699 |
5,036,871 |
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Retained earning : |
4,395,544 |
4,277,714 |
Operation details
Main activities : The Subject is engaged in trading of maize, salt etc.
Purchases
International : Pakistan, India, Thailand, United States, China
Sales
Local : Yes
International : Singapore
Property & Assets
Premises : The Subject operates from premises located at the verified heading address consisting of
warehouse and administrative office.
Branches : None reported.
Other property : Total NBV of property, plant and
equipment as of 31-01-2010 was MYR 509,371.
Summarized country risk
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Central Bank of
Reserve of foreign exchange & gold :
US$136.3 billion as of 29 August 2011
Gross domestic product - GDP : US$ 247.781 billion
GPP (Purchasing power parity) : 442.01
billion of International dollars
GDP per capita - current prices : US$
8,624
GDP - composition by sector : agriculture: 9.4% industry: 40.9% services: 49.7%
Inflation 2008: 5.4%
2009: 0.6%
2010: 1.7%
Unemployment
rate 2008
3.3%
2009 3.6%
2010 3.3%
Public debt
(General Government gross
debt as a % GDP) 2008: 42.8 %
2009: 55.4%
2010: 55.2%
Government bond
ratings Standard
& Poor's: A-/Stable/A-2
Moody's rating: A3
Moody's outlook: STA
Market value of publicly traded shares US$ 420 Billion
Largest companies in the country : CIMB Group Holdings (Banking), Sime
Darby (Conglomerates),
Public
Bank (Banking), Maybank (Banking), Tenaga Nasional(Utilities), Petronas Chemicals,
Maxis Berhad
Trade & Competitiveness Overview
Total exports US$210.3
billion
Exports commodities electronic
equipment, petroleum and liquefied natural gas, wood and wood products, palm
oil, rubber, textiles, chemicals
Total imports US$156.2
billion
Imports commodities electronics,
machinery, petroleum products, plastics, vehicles, iron andsteel products,
chemicals
Export - major partners US 15.6%, Singapore
14.6%, Japan 9.1%, China 8.8%, Thailand 5%, HongKong 4.6%
Import - major partners Japan 13%, China
12.9%, Singapore 11.5%, US 10.8%, Taiwan 5.7%, Thailand 5.3%, South Korea 4.9%,
Germany 4.6%, Indonesia 4.2%
FDI Inflows 2007: US$8,538 million
2008: US$7,318 million
2009: US$1,381 million
FDI Outflows 2007: US$11,280 million
2008: US$14,988 million
2009: US$8,038 million
Best countries for doing business : 21
out of 183 countries
Global competitiveness ranking : 26
(ranking by country on a basis of 133, the first is the best)
Country and Population Overview
Total population :
28.23 million
Total area :
329,847 km2
Capital : Kuala
Lumpur
Currency : Malaysia Ringgits (MYR)
Internet
users as % of total population
: 57.61%
Payment history
Purchase Term
International : Prepayment, L/C, Credit 30-60 days
Sales Term
Local : Cash against document, Credit 30-60
days
International : Prepayment, L/C, Credit 30-60 days
Trade Reference/ Payment Behaviour
Comments : As local and international trade references
were not supplied, the Subject's payment track record history cannot be
appropriately determined but based on our research, payments are believed to be
met without delay.
Investigation Note
Sources : Interviews and material provided by the
Subject
: Other
official and local business sources
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
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UK Pound |
1 |
Rs.75.97 |
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Euro |
1 |
Rs.65.99 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.