MIRA INFORM REPORT

 

 

 

 

Report Date :           

21.09.2011

 

IDENTIFICATION DETAILS

 

Name :

SYAMIA TRADING

 

 

Registered Office :

2312, Kampung Baloh, Bukit Payong, Marang, Terengganu, Zip/postal code 21400

 

 

Country :

Malaysia

 

 

Date of Incorporation :

14.12.2010

 

 

Com. Reg. No.:

SA0174482-X

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Import and distribution of textile, shoes, caps, lighting equipment, papers etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

---

 

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

 

Additional information

The contact number + 60 3 22741093 belongs to a third party office facility that the subject’s director Mr. Mohd Hilmi Bin Razali occupies. Through this number we were directed to Mr. Raj whom owns the mobile number for +60 12 3177799. Mr. Raj is an employee of the subject and was unable to verify the owner of the mobile number +6012 2742770. The operating and contact details of the subject is as verified.

 

 

Identification details  Bottom of Form

 

 

 

Verified Address

 

Subject name                            SYAMIA TRADING

Business address                      Lot 15017, Batu Lima, Kampung Johan Setia

Jalan Langat

Town                                         Klang

Province                                    Selangor Darul Ehsan

Zip/postal code                          41200

Country                                     Malaysia

Tel                                            +60 3 23248905

Fax                                           +60 3 23248912

Registered address                    2312, Kampung Baloh, Bukit Payong

Town                                         Marang

Province                                    Terengganu

Zip/postal code                          21400

Country                                     Malaysia

Comments                                The provided address 16-B, Jalan Batu Unjur 1, Taman Bayu Perdana, Klang,

Selangor, 41200, Malaysia belongs to the Subject's warehouse facilities.

 

 

 

Summary details

 

Executive Summary

 

Date founded or registered          :   14/12/2010

 

Legal form                                 :   Sole Proprietorship

Chief executive                          :   Mohd Hilmi Bin Razali

Issued & paid up capital             :   Not required

Line of business             :   Import and distribution of textile, shoes, caps, lighting equipment, papers etc.

Staff employed                                                                        :   6 employees

 

 

Credit risk opinion

 

Company Analysis

 

Country risk                               :   Country risk is minimal

Operation trend                          :   Operational trend is in start-up phase

Management experience :   Management is inadequately experienced

Financial performance                :   Financial performance is undetermined

Organisation structure                :   Organisational structure is acceptable

Detrimental records                    :   No detrimental records found

Payment history                                    :   No payment delays noted

Credit amount suggestion           :   Fully secured terms.

Credit amount asked                  :   Not described.

Comments                                :   It is advisable to conduct all business dealing on prepayment or L/C due to the

fact of the Subject's recent date of establishment.

 

 

Statutory details

 

Registry Data

Registration date            14/12/2010

Legal form                     Sole Proprietorship

Registration no              SA0174482-X

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                           :      Mohd Hilmi Bin Razali

 

Designation                                                   :            Managing Proprietor

 

 

 

Board of directors / other appointments

 

Appointments

 

Name                            Mohd Hilmi Bin Razali

Designation                   Managing Proprietor

Identification no  :           820716-11-5529

Appointment date           14/12/10

Address                        No. 23 Jalan Siakap Tiga 17/39C

40000 Shah Alam Selangor Darul Ehsan Malaysia

Biography                      Birth date: 16-07-1982.

Staff employed                        :                       6 employees

 

 

Share capital

 

Composition

Authorized Capital          :   Not required

Issued capital                :   Not required

Paid up capital               :   Not required

 

 

ownership / shareholders

 

How listed         :   Full List

 

Composition

 

Shareholder name          Mohd Hilmi Bin Razali

 

Address                        No. 23 Jalan Siakap Tiga 17/39C

40000 Shah Alam Selangor Darul Ehsan Malaysia

% of shares                            100%

 

 

Related companies & corporate Affiliations

 

Structure

 

Related companies and corporate affiliations comments    : Non reported

 

 

Bank & mortgages

 

Bank Details

 

Name of bank    :   CIMB 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:         None reported.

 

Legal Fillings

Bankruptcy fillings          :   None reported.

Court judgements           :   None reported.

Tax liens                       :   None reported.

Others                          :   None reported.

 

financials

 

Description

 

Comments                                            :   Due to the Subject's recent date of establishment, financial information is not available.

 

In addition, the Subject is a Sole Proprietorship and is not required to revealed their financial information in the future.

 

 

Operation details

 

Main activities                                       :   The Subject's main activities are import and distribution of textile,

                                                            shoes, caps, lighting equipment, papers etc.

Purchases

International                                          :   India, China, Indonesia

 

Sales

Local                                                    :   Yes

 

International                                          :   No exports.

 

Property & Assets

Premises          The Subject operates from premises located at the verified heading address consisting of

administrative office.

 

Branches          In addition, the Subject operates from warehouse located at:

16-B, Jalan Batu Unjur 1

Taman Bayu Perdana

Klang 41200

Selangor Darul Ehsan

Malaysia

 

 

Summarized country risk

 

Gross Domestic Products (GDP) & Economic Overview

 

Central bank                                         :   Central Bank of Malaysia

 

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                                                 : Kula Lumpur

Currency                                                                                                      : Malaysia Ringgits (MYR)

Internet users as % of total population  :  57.61 %

 

 

Payment history

 

Purchase Term

 

International                                          :   Telegraphic transfer, D/A 90-180 days

 

 

Sales Term

 

Local                                                    :   Cash, Partial payment 30% and balance 70% on 180 days credit

 

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.48.22

UK Pound

1

Rs.75.63

Euro

1

Rs.65.65

 

 

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.
 
 

 


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