MIRA INFORM REPORT
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Report Date : |
13.12.2012 |
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 : |
Not Available |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
malaysia - ECONOMIC OVERVIEW
Malaysia, a middle-income country, has transformed itself since the
1970s from a producer of raw materials into an emerging multi-sector economy.
Under current Prime Minister NAJIB, Malaysia is attempting to achieve
high-income status by 2020 and to move farther up the value-added production
chain by attracting investments in Islamic finance, high technology industries,
biotechnology, and services. The NAJIB administration also is continuing
efforts to boost domestic demand and reduce the economy's dependence on
exports. Nevertheless, exports - particularly of electronics, oil and gas, palm
oil and rubber - remain a significant driver of the economy. As an oil and gas
exporter, Malaysia has profited from higher world energy prices, although the
rising cost of domestic gasoline and diesel fuel, combined with strained
government finances, has forced Kuala Lumpur to begin to reduce government
subsidies. The government is also trying to lessen its dependence on state oil
producer Petronas. The oil and gas sector supplies more than 40% of government
revenue. The central bank maintains healthy foreign exchange reserves, and a
well-developed regulatory regime has limited Malaysia''s exposure to riskier
financial instruments and the global financial crisis. Nevertheless, Malaysia
could be vulnerable to a fall in commodity prices or a general slowdown in
global economic activity because exports are a major component of GDP. In order
to attract increased investment, NAJIB has raised possible revisions to the
special economic and social preferences accorded to ethnic Malays under the New
Economic Policy of 1970, but he has encountered significant opposition,
especially from Malay nationalists and other vested interests.
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Source : CIA |
Company name
and address
PGEO Edible Oils Sdn Bhd
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Synthesis
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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: |
USD (Millions) |
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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
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Production of edible oils |
More
Business Descriptions 
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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 |
1 Year Growth |
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Current Assets: |
918.1 |
NA |
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Date of Financial Data: |
31-Dec-2009 |
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 |
1,500 |
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Subsidiary |
Medan, North Sumatra |
Indonesia |
Food Processing |
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 |
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 |
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 |
200 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
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 |
100 |
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Subsidiary |
Barendrecht, South Holland |
Netherlands |
Crops |
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 |
60 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
3.8 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
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 |
6 |
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Wealth Anchor Pte. Ltd. |
Subsidiary |
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Subsidiary |
Singapore |
Singapore |
Food Processing |
50 |
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Executives
Report
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
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UK Pound |
1 |
Rs.87.43 |
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Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.