MIRA INFORM REPORT

 

 

Report Date :           

06.09.2011

 

IDENTIFICATION DETAILS

 

Name :

ALPHA ANALYTICAL (M) SDN. BHD.

 

 

Registered Office :`

C/O Vamc Secretarial Sdn. Bhd., No. 10a, 1st Floor, Jalan Ss 2/67, Petaling Jaya, Selangor Darul Ehsan, Zip/Postal Code 47300

 

 

Country :

Malaysia

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

25.10.1999       

 

 

Com. Reg. No.:

497336-D

 

 

Legal Form :

Private Limited Company Limited By Shares

 

 

Line of Business :

Import and distribution of laboratory equipment & supplies, scientific apparatus & instruments

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 110,000 

 

 

Status :

Moderate

 

 

Payment Behaviour :

Usually Correct

 

 

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)

Malaysia

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Identification details

Verified Address

 

Subject name                                    :    ALPHA ANALYTICAL (M) SDN. BHD.

 

 

Business address                              :    47A, Jalan Anggerik Vanilla N/31N Kota Kemuning

Town                                                :    Shah Alam

 

Province                                           :    Selangor Darul Ehsan

 

Zip/postal code                                  :    40460

 

Country                                            :    Malaysia

 

Tel                                                   :    +60 3 51246088

 

Fax                                                  :    +60 3 51246068

 

Email                                               :    alpha_am@tm.net.my  

 

Website                                            :    www.alpha-analytical.com.my  

 

 

Registered address                                C/o VAMC SECRETARIAL SDN. BHD.

No. 10A, 1st Floor

Jalan SS 2/67

 

Town                                                :    Petaling Jaya

 

Province                                           :    Selangor Darul Ehsan

 

Zip/postal code                                  :    47300

 

Country                                                                                                  :        Malaysia

 

 

Identification details

 

Executive Summary

 

Date founded or registered          :   25/10/1999

Legal form         :                       Private Limited Company Limited By Shares

Chief executive  :                       H’Ng Hean Yew

Issued & paid up capital :           MYR 1,300,000

Sales turnover    :                       MYR 12,144,776 (Non-consolidated 12 months, 31/12/2009)

Net income        :                       MYR 400,343 (Non-consolidated 12 months, 31/12/2009)

Total fixed assets           :           MYR 7,526,001 (Non-consolidated 12 months, 31/12/2009)

Line of business :           Import and distribution of laboratory equipment & supplies, scientific apparatus &

instruments.

 

Staff employed                        :   30 employees

 

 

Credit risk opinion

 

Company Analysis

 

Country risk       :                       Country risk is minimal

Operation trend  :                       Operational trend is levelling off

Management experience Management is modestly experienced

Financial performance    :           Financial performance is fair

Organisation structure    :           Organisational structure is stable

Detrimental        :           No detrimental records found

Payment history            :                       No payment delays noted

Credit amount suggestion     USD 110,000 

Credit amount asked              :                       Not described.

 

 

Statutory details

 

Registry Data

 

Registration date                                   :   25/10/1999

Legal form                                            :   Private Limited Company Limited By Shares

Registration no                                         497336-D

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                           :      H’Ng Hean Yew

Designation                   :      Director

 

Name                           :      H’Ng Keang Joo

Designation                   :      Director

 

Name                           :      H’Ng Siew Hoon

Designation                                                   :            Director

 

BOARD OF DIRECTORS / OTHER appointments

 

Appointments

 

Name    :                       H’Ng Hean Yew

Designation                   Director

Identification no  :           650902-07-5007

Appointment date           25/10/99

Address                        No. 12, Jalan Sungai Rincing 32/63

Bukit Rimau

40460 Shah Alam Selangor

Darul Ehsan Malaysia

 

Name    :                       H’Ng Keang Joo

Designation       :           Director

Identification no  :           661006-07-5512

Appointment date           25/10/99

Address            :           No. 12, Jalan Sungai Rincing 32/63

Bukit Rimau

40460 Shah Alam Selangor Darul Ehsan Malaysia

 

Name    :                       H’Ng Siew Hoon

Designation       :           Director

Identification no  :           740228-07-5716

Appointment date           13/12/03

Address            :           No. 12, Jalan Sungai Rincing 32/63

Bukit Rimau

40460 Shah Alam Selangor Darul Ehsan Malaysia

 

Name                            Tan Chee Luen

Designation       :           Company Secretary

Identification no  :           740526-10-5485

Appointment date           08/04/07

Address            :           23, Jalan Sungai Congkak 32/51B Seksyen 32, Bukit Rimau

40460 Shah Alam Selangor Darul Ehsan Malaysia

 

Name                            Khoo Teck Kee

Designation       :           Company Secretary

Identification no  :           750223-05-5109

Appointment date           08/04/07

Address            :           N-8-11 Block N Jati Apartment 1

Persiaran Mewah USJ 1

47620 Subang Jaya Selangor Darul Ehsan Malaysia

Staff employed   :           30 employees

Key Advisors

 

Auditors                        KLA

No 10M, Mezzanine Floor

Jalan SS 2/67

47300 Petaling Jaya 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 1,300,000

Paid up capital                                      :   MYR 1,300,000

Changed in capital                                 :   The Subject increased its share capital from MYR 1,000,000 to MYR 5,000,000 on 08-09-2010.

 

 

 

Ownership / shareholders

 

How listed                                            :   Full List

Composition

 

Shareholder name          H’Ng Hean Yew

Address                        No. 12, Jalan Sungai Rincing 32/63

Bukit Rimau

40460 Shah Alam Selangor Darul Ehsan Malaysia

No. of shares     :           650,000 Ordinary Shares

 

Shareholder name          H’Ng Keang Joo

Address            :           No. 12, Jalan Sungai Rincing 32/63

Bukit Rimau

40460 Shah Alam Selangor Darul Ehsan Malaysia

No. of shares                 130,000 Ordinary Shares

 

Shareholder name          H’Ng Siew Hoon

Address                        No. 12, Jalan Sungai Rincing 32/63

Bukit Rimau

40460 Shah Alam Selangor Darul Ehsan Malaysia

No. of shares                 260,000 Ordinary Shares

 

Shareholder name          Su Tun Nam

Address                        C/o ALPHA ANALYTICAL (S) PTE LTD

71 Toh Guan Road East

#02-01/02 TCH Tech Centre

Singapore 608598

Singapore

No. of shares  :   260,000 Ordinary Shares

 

 

Related companies & corporate Affiliations

 

Structure

Name                ALPHA ANALYTICAL (S) PTE LTD

Affiliation type    Associate

Address            71 Toh Guan Road East

#02-01/02 TCH Tech Centre

Singapore 608598

Singapore

 

Comments        :   Alpha Analytical (S) Pte Ltd, was formed on 6 June 1998.

 

Name                ALPHA ANALYTICAL SEA CORP.

Affiliation type    Associate

Address            473-E F.Ortigas Street Barangay

Hagdan Bato Libis

Mandaluyong City 1552

Philippines

 

Comments        :   Trading of laboratory equipment and accessories.

 

Name                PT. ALPHA ANALYTICAL INDONESIA

Affiliation type    Associate

Address            Jl Raya Pondok Gede No. 10B

TMII Interchange Dukuh Kramat Jati

Jakarta 13550

Indonesia

 

Comments      Trading of laboratory equipment and accessories.

 

Bank Details

 

Name of bank    :   Public Bank Berhad

Address            :   Malaysia

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: 3,000,000.00

Date of Creation: 21-04-2004

Name of Chargee: MALAYAN BANKING BERHAD

Status: FULLY SATISFIED

 

Total of Charge: OPEN CHARGE

Date of Creation: 13-07-2011

Name of Chargee: PUBLIC BANK BERHAD Charge

Status: UNSATISFIED

 

Total of Charge: OPEN CHARGE

Date of Creation: 13-07-2011

Name of Chargee: PUBLIC BANK 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                        :   31/12/09

 

Type of accounts                                   :   Full audited

 

Currency                                              :   Malaysia, Ringgit (MYR)

 

Exchange rate                                      :   1 USD = MYR 2.98 as of 05-09-2011

 

 

Summarized Financial Information

                                                                                                                      

Consolidation type

   Non Consolidated

Non Consolidated

 

Currency                                            :

Malaysia, Ringgit (MYR)

Malaysia, Ringgit (MYR)

Denomination                                     :

(x1) One

(x1) One

Date of financial year end                    :

31/12/09

31/12/08

Length of accounts                             :

12 months

12 months

Sale turnover / Income                         :

12,144,776

12,148,568

Gross profit                                        :

2,682,366

2,529,496

Operating profit                                   :

490,547

381,658

Profit before tax                                  :

466,041

292,150

Net income                                        :

400,343

187,216

Non current assets                             :

321,792

311,210

Current assets                                    :

7,204,209

7,999,374

Inventories                                          :

693,589

1,545,866

Total assets                                       :

7,526,001

8,310,584

Current liabilities                                 :

5,099,685

6,258,004

Non current liabilities                           :

23,052

49,659

Total liabilities                                    :

5,122,737

6,307,663

Share equity                                       :

2,403,264

2,002,921

Retained earning                                 :

1,403,264

1,002,921

 

 

Operation details

 

Main activities                                    :   The Subject's main activities is to import and distributes laboratory equipment & supplies, scientific apparatus & instruments.

 

The Subject distributes its products mainly to the genomics, proteomics and metabolomics, pharmaceutical and drugs discovery, environmental

and food safety, electronic and semiconductor, polymer and petrochemical, food and beverage industries.

Product & services                              :   Chromatography/Mass Spectrometry products

Elemental Analysis products Biotechnology products Spectroscopy products Electrochemistry products Material Science products Measuring Instruments products Lab Consumables

Sample Preparation products General Instruments Services Application - Testing & Training Support - AlphaCare

Brand                                                :   Alpha

ThermoFisher Scientific

Jasco

Advion

CTC Analytics GYROS SEQUENOM Protea

Prospect Biosystems Inc Protein Forest ProteoChem

Biologic Anton Par SCP Science

TELEDYNE Instruments

GL Sciences Inc

Silicycle Anpro Savillex

 

 

Purchases

 

International                                          :   Mainly from USA, Europe, China, Japan and Australia

 

 

Sales

 

International                                          :   Asian countries

 

 

Property & Assets

 

Premises                                           :   The Subject operates from premises located at the verified heading address consisting warehouse and administrative office.

 

Branches                                                                                                  :   None reported.

 

 

Summarized country risk

 

Gross Domestic Products (GDP) & Economic Overview

 

Central bank                                         :   Central Bank of Malaysia

 

Reserve of foreign exchange & gold         :   US$ 136.1 billion as of 15 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: 54.2%

 

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 woodproducts, 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, Credit 30-60 days

 

 

Sales Term

 

Local                                                    :   Prepayment, Credit 30-60 days

 

International                                          :   Prepayment, 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

 

:   Official and local business sources

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.13

UK Pound

1

Rs.74.18

Euro

1

Rs.64.88

 

 

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.