MIRA INFORM REPORT

 

 

Report Date :

14.04.2012

 

IDENTIFICATION DETAILS

 

Name :

MAHA BERJAYA TRADING ENTERPRISE

 

 

Registered Office :

No. 52, Jalan 5 Taman Okid, Batu 9 Cheras Selangor Darul Ehsan 43200

 

 

Country :

Malaysia

 

 

Date of Incorporation :

22.11.2011

 

 

Com. Reg. No.:

002085134-W

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New Company

Payment Behaviour :

Unknown

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Malaysia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

IDENTIFICATION DETAILS

 

Verified Address

Subject name :              MAHA BERJAYA TRADING ENTERPRISE

Business address :        No. 52, Jalan 5

Taman Okid, Batu 9

Town :                           Cheras

Province :                      Selangor Darul Ehsan

Zip/postal code :            43200

Country :                       Malaysia

Tel :                              N/A

Fax :                             N/A

 

Registered address :      No. 52, Jalan 5

Taman Okid, Batu 9

Town :                           Cheras

Province :                      Selangor Darul Ehsan

Zip/postal code :            43200

Country :                       Malaysia

Comments :                  The Subject is not registered as a phone user locally. There were many leads on

the Subject however none of them were legitimate contact details or companies.

We found numbers such as +60 123417598 / 123417560 / 192302469 however

none of this numbers were contactable. There was also a website

http://www.reborns.com.my which belongs to the care off address provided

however the contact number from this website is not contactable. In addition, we

investigated the company Reborn Copy Paper Sdn. Bhd. which is provided as

the care off address and the search proves the company is not legally registered

in Malaysia.

 

SUMMARY DETAILS

 

Executive Summary

Date founded or registered :        22/11/2011

Legal form :                               Sole Proprietorship

Chief executive :                        Mahiah Binti Ghazi

Issued & paid up capital :           Not required

Line of business :                       The Subject's nature of business can't be determined.

Staff employed :                         The Subject's no of employee can't be determined.

 

CREDIT RISK OPINION

 

Company Analysis

Country risk :                             Country risk is minimal

Operation trend :                        Operational trend is undetermined

Management experience :           Management is experience is undetermined

Financial performance :              Financial performance is undetermined

Organization structure :              Organizational structure is undetermined

Detrimental :                              Serious detrimental records found

Payment history :                      No payment delays noted

Credit amount suggestion :         Fully secured terms.

Credit amount asked :                Not described.

Comments :                              Credit of any amount can’t be granted as we are unable to determine the

existence and location of the Subject.

 

STATUTORY DETAILS

 

Registry Data

Registration date :                      22/11/2011

Legal form :                               Sole Proprietorship

Registration no                          002085134-W

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 :                          Mahiah Binti Ghazi

Designation :                 Managing Director

 

BOARD OF DIRECTORS/ OTHER APPOINTMENTS

 

Appointments

Name :                          Mahiah Binti Ghazi

Designation :                 Director

Identification no :            670425-66-5028

Appointment date :         22/11/11

Address :                      No. 52, Jalan 5

Taman Okid, Batu 9

43200 Cheras

Selangor Darul Ehsan

Malaysia

Biography :                    Born on 25-04-1967

Gender:                         Female

Nationality:                    Malaysian

Staff employed :             The Subject's no of employee can't be determined.

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 :        Mahiah Binti Ghazi

Address :                      No. 52, Jalan 5

Taman Okid, Batu 9

43200 Cheras

Selangor Darul Ehsan

Malaysia

% of shares :                 100%

 

RELATED COMPANIES & CORPORATE AFFILIATIONS

 

Structure

Related companies and corporate affiliations comments:   None reported.

 

BANK & MORTGAGES

 

Mortgages :                   None reported.

 

Legal Fillings

Bankruptcy fillings :        None reported.

Court judgements :         None reported.

Tax liens :                     None reported.

Others :                        None reported.

 

FINANCIAL DATA

 

Description

Comments :      Sole Proprietorship is not required to disclose their financial information to the public

OPERATION DETAILS

 

Main activities :              The Subject's nature of business can't be determined.

 

Purchases

Local :              None reported.

International :     None reported.

 

Sales

Local :              None reported.

International :     None reported.

 

Property & Assets

Premises :        The Subject's premises can't be determined.

Branches :        None reported.

 

SUMMARIZED COUNTRY RISK

 

Gross Domestic Products (GDP) & Economic Overview

 

Central bank :                                        Central Bank of Malaysia

 

Reserve of foreign exchange & gold :       US$ 135.7 billion as of 31 March 2012

 

Gross domestic product - GDP :             US$ 247.781 billion

 

GPP (Purchasing power parity) :             US$ 442.01 billion of International dollar

 

GDP per capita - current prices :             US$ 8,624

 

GDP - composition by sector :                agriculture: 10.2%

industry: 42.1%

services: 47.8%

 

Inflation :                                               2008: 5.4%

2009: 0.6%

2010: 1.7%

2011: 2.8%

Unemployment rate :                              2008: 3.3%

2009: 3.6%

2010: 3.3%

2011: 3.2%

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 Berhad (Banking), Maybank (Banking), Tenaga Nasional Berhad

(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 and

steel products, chemicals

 

Export - major partners :                         US 15.6%, Singapore 14.6%, Japan 9.1%, China 8.8%, Thailand 5%, Hong Kong 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 :             21 (ranking by country on a basis of 142, 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:                                            55.3%

 

PAYMENT HISTORY

 

Purchase Term

Local : None

International : None

 

Sales Term

Local : None

International : None

 

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 :          Official and local business sources

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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.