MIRA
INFORM REPORT
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Report Date : |
03.08.2012 |
IDENTIFICATION DETAILS
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Name : |
PGEO EDIBLE OILS SDN BHD |
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Registered Office : |
Plot 338 Jalan Tembaga 2, Pasir Gudang
industrial Estate, Pasir Gudang, 81707 |
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Country : |
Malaysia |
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Date of Incorporation : |
2000 June |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Oil and Fat Manufacturing |
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No. of Employees : |
600 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company name and address
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PGEO Edible Oils Sdn Bhd |
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Employees: |
600 |
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Company Type: |
Private Subsidiary |
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Corporate
Family: |
57 Companies |
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Ultimate Parent: |
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Auditor: |
Ernst & Young |
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Financials in: |
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Fiscal Year End: |
31-Dec-2009 |
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Reporting
Currency: |
Malaysian Ringgit |
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Annual Sales: |
1,513.9 |
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Total Assets: |
NA |
Business Description
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Pgeo Edible Oils Sdn Bhd is primarily
engaged in production of refined vegetable oils: olive oil, soya-bean oil,
etc.; processing of vegetable oils: blowing, boiling, oxidation, polymerisation,
dehydration, hydrogenation, etc. |
Industry
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Industry |
Food Processing |
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ANZSIC 2006: |
1150 - Oil and
Fat Manufacturing |
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NACE 2002: |
1543 -
Manufacture of margarine and similar edible fats |
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NAICS 2002: |
311225 - Fats and
Oils Refining and Blending |
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UK SIC 2003: |
1543 -
Manufacture of margarine and similar edible fats |
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US SIC 1987: |
2079 -
Shortening, Table Oils, Margarine, and Other Edible Fats and Oils, Not
Elsewhere Classified |
Key Executives
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Profit & Loss Item Exchange Rate: USD 1 = MYR 3.52323
Balance Sheet Item Exchange Rate: USD 1 = MYR 3.424
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Industry
Codes
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ANZSIC 2006 Codes: |
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1150 |
- |
Oil and Fat Manufacturing |
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NACE 2002 Codes: |
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1543 |
- |
Manufacture of margarine and similar
edible fats |
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NAICS 2002 Codes: |
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311225 |
- |
Fats and Oils Refining and Blending |
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US SIC 1987: |
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2079 |
- |
Shortening, Table Oils, Margarine, and Other
Edible Fats and Oils, Not Elsewhere Classified |
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UK SIC 2003: |
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1543 |
- |
Manufacture of margarine and similar
edible fats |
Business
Description
|
Production of edible oils |
More Business Descriptions 
|
Edible Oils Refinery |
Pgeo Edible Oils Sdn Bhd is primarily engaged in production of refined
vegetable oils: olive oil, soya-bean oil, etc.; processing of vegetable oils:
blowing, boiling, oxidation, polymerisation, dehydration, hydrogenation, etc.
Source: Basis Holding Sdn Bhd
Financial
Data
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Financials in: |
MYR(mil) |
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Revenue: |
5,334.0 |
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Current Assets: |
918.1 |
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Date of Financial Data: |
31-Dec-2009 |
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1 Year Growth |
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NA |
Key Corporate Relationships
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Auditor: |
Ernst & Young |
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Bank: |
Malayan Banking Bhd |
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Auditor: |
Ernst & Young |
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Corporate Structure News: |
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PGEO Edible Oils Sdn Bhd |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Singapore |
Singapore |
Food Processing |
44,710.0 |
90,000 |
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Subsidiary |
Kuala Lumpur |
Malaysia |
Food Processing |
382.4 |
22,246 |
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Subsidiary |
North Sydney, NSW |
Australia |
Food Processing |
1,467.6 |
2,000 |
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Subsidiary |
North Sydney, NSW |
Australia |
Biotechnology and Drugs |
1,469.5 |
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Subsidiary |
North Sydney, NSW |
Australia |
Food Processing |
1,793.2 |
2,000 |
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Subsidiary |
North Sydney, NSW |
Australia |
Miscellaneous Financial Services |
1,469.5 |
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Subsidiary |
Yarraville, VIC |
Australia |
Food Processing |
12.5 |
150 |
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Subsidiary |
North Ryde, NSW |
Australia |
Food Processing |
1,469.5 |
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Subsidiary |
North Sydney, NSW |
Australia |
Food Processing |
1,469.5 |
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Subsidiary |
Port Melbourne, VIC |
Australia |
Chemical Manufacturing |
729.5 |
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Subsidiary |
Port Melbourne, VIC |
Australia |
Chemical Manufacturing |
12.5 |
100 |
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Subsidiary |
Qinhuangdao, Hebei |
China |
Construction - Supplies and Fixtures |
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1,500 |
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Subsidiary |
Medan, North Sumatra |
Indonesia |
Food Processing |
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1,000 |
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Subsidiary |
Pasir Gudang |
Malaysia |
Food Processing |
3,378.3 |
500 |
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Subsidiary |
Pasir Gudang, Johor |
Malaysia |
Food Processing |
1,513.9 |
600 |
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Subsidiary |
Pasir Gudang, Johor |
Malaysia |
Chemical Manufacturing |
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400 |
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Subsidiary |
Sandakan, Sabah |
Malaysia |
Food Processing |
866.5 |
234 |
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Subsidiary |
Bintulu, Sarawak |
Malaysia |
Food Processing |
797.0 |
167 |
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Subsidiary |
Takoradi |
Ghana |
Crops |
22.5 |
384 |
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Subsidiary |
Pasir Gudang, Johor |
Malaysia |
Food Processing |
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250 |
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Subsidiary |
Singapore |
Singapore |
Crops |
13,039.3 |
204 |
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Subsidiary |
Singapore |
Singapore |
Personal and Household Products |
180.9 |
8 |
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Subsidiary |
Chennai, Tamil Nadu |
India |
Food Processing |
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200 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
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180 |
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Subsidiary |
Brake (Unterweser), Niedersachsen |
Germany |
Food Processing |
325.7 |
110 |
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Subsidiary |
Barendrecht, South Holland |
Netherlands |
Crops |
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100 |
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Subsidiary |
Barendrecht, South Holland |
Netherlands |
Crops |
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93 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
4.1 |
55 |
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Subsidiary |
Singapore |
Singapore |
Recreational Activities |
948.2 |
40 |
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Subsidiary |
Pasir Gudang, Johor |
Malaysia |
Food Processing |
7.0 |
25 |
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Subsidiary |
Singapore |
Singapore |
Personal and Household Products |
132.5 |
16 |
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Subsidiary |
Auckland |
New Zealand |
Food Processing |
2.9 |
14 |
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Subsidiary |
Vondelingenplaat Rt, Zuid-Holland |
Netherlands |
Food Processing |
546.8 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
368.3 |
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Subsidiary |
Singapore |
Singapore |
Investment Services |
188.2 |
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Subsidiary |
Metro Manila |
Philippines |
Crops |
50.2 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
5.9 |
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Subsidiary |
Medan, North Sumatra |
Indonesia |
Chemical Manufacturing |
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60 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
3.8 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
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200 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
1.1 |
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Subsidiary |
Pasir Gudang, Johor |
Malaysia |
Chemical Manufacturing |
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Subsidiary |
Pasir Gudang, Johor |
Malaysia |
Personal and Household Products |
38.7 |
24 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
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Subsidiary |
Shanghai |
China |
Food Processing |
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Subsidiary |
Qingdao, Shandong |
China |
Food Processing |
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Subsidiary |
Shenzhen, Guangdong |
China |
Food Processing |
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Subsidiary |
Barendrecht, South Holland |
Netherlands |
Personal and Household Products |
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Subsidiary |
Miri, Sarawak |
Malaysia |
Food Processing |
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Subsidiary |
Miri, Sarawak |
Malaysia |
Food Processing |
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Subsidiary |
Lianyungang, Jiangsu |
China |
Construction Services |
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Wilmar Ship Holdings Pte. Ltd. |
Subsidiary |
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Raffles Shipping Corporation Pte. Ltd. |
Subsidiary |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
29.1 |
80 |
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Subsidiary |
Singapore |
Singapore |
Business Services |
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6 |
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Wealth Anchor Pte. Ltd. |
Subsidiary |
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Subsidiary |
Singapore |
Singapore |
Food Processing |
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50 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.77 |
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1 |
Rs.86.74 |
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Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
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 |
-- |
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.