MIRA INFORM REPORT
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Report Date : |
15.09.2011 |
IDENTIFICATION DETAILS
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Name : |
BARDIA BAKERY SDN. BHD |
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Registered Office : |
C/o Nova Corporate Consultancy Sdn. Bhd., Suite 6B-2, 6th Floor, Wisma YPR Lorong Kapar Off Jalan Syed Putra, Kuala Lumpur,Wilayah Persekutuan, Zip/postal code58000 |
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Country : |
Malaysia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
16.03.2009 |
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Com. Reg. No.: |
849956-K |
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Legal Form : |
Private Limited Company Limited By Shares |
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Line of Business : |
Information
technology, network and software development solutions provider |
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 70,000 |
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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 : BARDIA BAKERY SDN. BHD.
Other style / Business name : BARDIA BIKERY SDN. BHD.
Business address : 10-25 Windsor Tower
Plaza Damas, Jalan Sri Hartamas 1
Town : Kuala Lumpur
Province : Wilayah Persekutuan
Zip/postal code : 50480
Country : Malaysia
Tel : +60 3 62113787 / +60 133787153
Fax : +60 3 62113787
Email : bardiabco@gmail.com
Registered address : C/o Nova Corporate Consultancy Sdn. Bhd.
Suite 6B-2, 6th Floor, Wisma YPR Lorong Kapar Off Jalan Syed Putra
Town : Kuala Lumpur
Province : Wilayah Persekutuan
Zip/postal code : 58000
Country : Malaysia
Comments : Official documents shows the Subject is registered under the name
BARDIA BAKERY SDN. BHD. however the representative contacted Mr. Massih advised there was a mistake done while registering the Subject. He advised that steps are already taken to change the name to BARDIA BIKERY SDN. BHD.
Summary details
Executive Summary
Date
founded or registered : 16/03/2009
Legal
form : Private
Limited Company Limited By Shares
Chief
executive :
Talati Ali
Issued
& paid up capital :
MYR 500,000
Sales
turnover : USD
1,913,410 (Non-consolidated 12 months ended 31/12/2010)
Net income :
USD 534,707 (Non-consolidated 12 months
ended 31/12/2010)
Total
fixed assets :
USD 1,302,763 (Non-consolidated 12
months ended 31/12/2010)
Line of
business : Information technology, network and
software development solutions provider.
Staff employed : 15 ( Web Developer 2 / Accountant 1 / Sales Dept. 2 / Technical Support and Network Section 2 / Software Developer 2 / Marketing Manager 2 / Security 1 / Manager 2 / Driver 1)
Credit risk opinion
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is in start-up phase
Management experience : Management is modestly experienced
Financial performance :
Financial performance is fair
Organisation structure :
Organisational structure is acceptable
Detrimental :
No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 70,000
Comments : Although financial information is fair,
larger credit can't be granted due to the
fact of the Subject's date of
establishment.
Statutory details
Registry Data
Registration date : 16/03/2009
Legal form : Private Limited Company Limited By
Shares
Registration no 849956-K
Registered authority : Companies Commission Of
Registry status : Live/Active
Comments : The Subject is in the process to change
their name from Bardia Bakery Sdn. Bhd. to Bardia Bikery Sdn. Bhd.
Management / directors
Key Management
Name : Talati
Ali
Designation : Managing Director
Name : Mohamed
Rizal Bin Mohamed Rafi
Designation : Director
Name : Bahrami
Khashaiar Ziyaodin
Designation : Director
Name : Aria
Nejad Reza
Designation : Director
Board of directors / other
appointments
Appointments
Name : Talati Ali
Designation : Director
Identification
no : H10342084
Appointment
date : 16/03/09
Address : D-01-02 A, Sunway Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul Eshan
Malaysia
Biography : Nationality: Iranian
Birth
Date : 03-05-1989
Name : Mohamed Rizal Bin Mohamed Rafi
Designation : Director
Identification
no : 870424-14-5035
Appointment
date : 16/03/09
Address : 0749, Jalan J 15
Fasa 6 Taman Melawati
51000 Kuala Lumpur Wilayah Persekutuan Malaysia
Biography : Nationality: Malaysian
Birth
Date : 24-04-1987
Name : Bahrami Khashaiar Ziyaodin
Designation : Director
Identification no : X10005890
Appointment date : 16/03/09
Address : D-01-02 A, Sunway Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul Eshan
Malaysia
Biography : Nationality: Iranian
Birth Date : 12-12-1969
Name : Aria Nejad Reza
Designation : Director
Identification no : R1459852
Appointment date : 16/03/09
Address : D-01-02 A, Sunway Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul Eshan
Malaysia
Biography : Nationality:
Iranian
Birth Date :
13-12-1980
Name : Laletha Subramaniam
Designation : Company Secretary
Identification no : 721023-14-5342
Appointment date : 16/03/09
Address : A-11-9, Bayu Tasik Condo 1
Jalan Sri Permaisuri 5
Bandar Seri Permaisuri
56000 Kuala Lumpur Wilayah Persekutuan Malaysia
Biography : Nationality: Malaysian
Staff employed : 15 ( Web Developer 2 / Accountant 1 / Sales Dept. 2 / Technical Support and Network
Section 2 / Software Developer 2 / Marketing Manager 2 / Security 1 / Manager 2 / Driver
Share capital
Composition
Authorized Capital : MYR 500,000
No of shares : 500,000 Ordinary Shares
Share par value : MYR 1
Issued capital : MYR 500,000
Paid up capital : MYR 500,000
ownership / shareholders
How listed : Full List
Composition
Shareholder name : Talati Ali
Address : D-01-02 A, Sunway Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul Eshan
Malaysia
No. of shares : 175,000 Ordinary Shares
Shareholder name : Mohamed Rizal Bin Mohamed Rafi
Address : 0749, Jalan J 15
Fasa 6 Taman Melawati
51000 Kuala Lumpur Wilayah Persekutuan Malaysia
No. of shares : 175,000 Ordinary Shares
Shareholder name : Bahrami Khashaiar Ziyaodin
Address : D-01-02 A, Sunway Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul Eshan
Malaysia
No. of shares : 75,000 Ordinary Shares
Shareholder name : Aria Nejad Reza
Address : D-01-02 A, Sunway Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul Eshan
Malaysia
No. of shares : 75,000 Ordinary Shares
bank & mortgages
Bank Details
Name of bank : Hong Leong Bank Berhad
Address :
Account details : Current Account
Name of bank : AmBank Berhad
Address : Malaysia
Account details : Current Account
Name of bank : Malayan Banking Berhad (Maybank)
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 : None reported.
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
financials
Description
Source of financial statement : Provided
by the Subject
Financial statement date : 31/12/10
Type of accounts : Summarised unaudited
Currency : US Dollar (USD)
Summarized
Financial Information
Consolidation type : Non
Consolidated Non
Consolidated Currency : US Dollar (USD) US Dollar (USD) Date of
financial year end : 31/12/10 31/12/09
Length of accounts : 12 months 12
months
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Sale turnover / Income : |
1,913,410 |
1,221,800 |
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Profit before tax : |
703,562 |
534,362 |
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Net income : |
534,707 |
406,115 |
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Total assets : |
1,302,763 |
890,435 |
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Total liabilities : |
217,241 |
141,033 |
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Share equity : |
1,085,522 |
749,402 |
Comments : The Subject has yet to filed any
financial statement at the
registry therefore we are unable to obtain any
audited financial information.
The financial information
was provided by the representative of the Subject Mr. Massih.
Operation details
Main activities : The Subject main activities are information technology, network and software development solutions provider.
Product & services : IT solutions Network Solutions RFID Solutions Accounting Software
Home Automation Software Development
Web Site Development
Data Center Solutions
Office Automation Solutions
BMS Solutions
Purchases
International : Iran, India and China
Sales
Local : Yes
International : Canada, GCC, Pakistan and Iraq
Property & Assets
Premises :
The Subject operates from the verified
heading address consisting of administrative
office
covering 1,300 square feet of rented area
Summarized country risk
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Bank Negara Malaysia
Reserve of foreign exchange & gold : US$130 billion (April 29 2011)
Gross domestic product - GDP : USD 218.95 billion
GPP (Purchasing power parity) : 412.302 billion of International Dollars
GDP per capita - current prices : US$ 7,755 (2010)
GDP - composition by sector : Agriculture: 9.4%
Industry: 40.9%
Services: 49.7%
Inflation : 2008 - 5.4%
2009 - 0.6%
2010 - 2.2%
Unemployment
rate 2008 3.3%
2009 3.7%
2010 3.5%
Public debt
(General Government gross
debt as a % GDP) 2008:
42.7 %
2009: 42.8%
2010: 55.4 %
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$ 255.952 Billion
Largest companies in the country : CIMB Group Holdings (Banking), Sime Darby(Conglomerates), Public Bank(Banking), Maybank (Banking), Petronas Chemical (Chemical),MaxisCcommunication(Telecommunication), Axiata (Telecommunication),Tenaga Nasional Berhad(Utilities)
Trade & Competitiveness Overview
Total exports : US$195.7 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%,
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 (2010)
Global competitiveness ranking : 26 (2010/2011)
Country and Population Overview
Total population :
28.23 million
Total area :
329,847 km2
Capital : Kuala Lumpur
Currency : Malaysai Ringgit (MYR)
Internet
users as % of total population
: 57.61%
Payment history
Purchase Term
International : Cash
against document / T/T, Draft Usance
Sales Term
International : Draft
L/C, Cash
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 |
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US Dollar |
1 |
Rs.47.81 |
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UK Pound |
1 |
Rs.75.16 |
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Euro |
1 |
Rs.65.11 |
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.