|
Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
CRESTMONT SDN. BHD. |
|
|
|
|
Registered Office : |
9-1,Jalan 11, Taman Kepong, 52100 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
27.03.1991 |
|
|
|
|
Reg. No.: |
214690-U |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of Palm Oil and Its Related Products |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source : CIA |
|
REGISTRATION NO. |
: |
214690-U |
|
COMPANY NAME |
: |
CRESTMONT SDN.
BHD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
27/03/1991 |
|
|
|
|
|
|
|
|
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS |
: |
9-1,JALAN 11, TAMAN KEPONG, 52100 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
BUSINESS ADDRESS |
: |
LOT 30 (1ST FLOOR), JALAN BRP 9/1D PERUSAHAAN BUKIT RAHMAN PUTRA,
47000 SUNGAI BULOH, SELANGOR, MALAYSIA. |
|
TEL.NO. |
: |
03-61565026 / 5032 / 5052 |
|
FAX.NO. |
: |
03-61565276 |
|
EMAIL |
: |
crestsb@tm.net.my |
|
WEB SITE |
: |
www.crestmont.com.my |
|
CONTACT PERSON |
: |
SOW THIAM POH ( MANAGING DIRECTOR ) |
|
INDUSTRY CODE |
: |
51212 |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF PALM OIL AND ITS RELATED PRODUCTS |
|
AUTHORISED CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 1,500,000.00 DIVIDED INTO |
|
|
|
|
|
SALES |
: |
MYR 37,230,873 [2011] |
|
NET WORTH |
: |
MYR 3,658,443 [2011] |
|
STAFF STRENGTH |
: |
10 [2012] |
|
BANKER (S) |
|
MALAYAN BANKING BHD |
|
|
||
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER CHECK |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
FAIR |
|
PAYMENT |
: |
GOOD |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
The SC is a private limited company and is allowed to have a minimum of
one and a maximum of forty-nine shareholders. As a private limited company, the
SC must have at least two directors. A private limited company is a separate
legal entity from its shareholders. As a separate legal entity, the SC is
capable of owning assets, entering into contracts, sue or be sued by other
companies. The liabilities of the shareholders are to the extent of the equity
they have taken up and the creditors cannot claim on shareholders' personal
assets even if the SC is insolvent. The SC is governed by the Companies Act,
1965 and the company must file its annual returns, together with its financial
statements with the Registrar of Companies.
The SC is principally engaged in the (as a / as an) trading of palm oil
and its related products.
The SC is not listed on Bursa Malaysia (Malaysia Stock Exchange).
The major shareholder(s) of the SC are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. SOW THIAM POH + |
22, JALAN KERUING, BUKIT BANDARAYA BANGSAR, 59100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
560419-10-5799 8212650 |
900,000.00 |
60.00 |
|
MR. YONG YAN YOW + |
32,JALAN DATUK SULAIMAN 6, TAMAN TUN DR ISMAIL, 60000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
560727-10-5977 5010821 |
600,000.00 |
40.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
1,500,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MR. YONG YAN YOW |
|
Address |
: |
32,JALAN DATUK SULAIMAN 6, TAMAN TUN DR ISMAIL, 60000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
5010821 |
|
New IC No |
: |
560727-10-5977 |
|
Date of Birth |
: |
27/07/1956 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
27/03/1991 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. SOW THIAM POH |
|
Address |
: |
22, JALAN KERUING, BUKIT BANDARAYA BANGSAR, 59100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
8212650 |
|
New IC No |
: |
560419-10-5799 |
|
Date of Birth |
: |
19/04/1956 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
27/03/1991 |
|
1) |
Name of Subject |
: |
SOW THIAM POH |
|
|
Position |
: |
MANAGING DIRECTOR |
|
Auditor |
: |
CO |
|
Auditor' Address |
: |
9-1, JALAN 11, TAMAN KEPONG, 52100 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
1) |
Company Secretary |
: |
MS. LEE WAI CHING |
|
|
IC / PP No |
: |
7289020 |
|
|
New IC No |
: |
640222-08-5034 |
|
|
Address |
: |
2112,JALAN E5/19, TAMAN EHSAN KEPONG, 52100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
|
|
|
|
|
|
The SC enjoys normal banking routine with above mentioned banker(s).
The SC has bank charges with above mentioned banker(s). |
ENCUMBRANCE 1
|
Date of Creation |
: |
10/03/1994 |
||
|
Description Of Charge |
: |
|
||
|
Amount Secured |
: |
$318,000.00 |
||
|
Description Of Property Affected |
: |
|
||
|
Name & Address Of Chargee |
: |
|
||
|
Form 40 Dated 28/03/1994 |
||||
|
Registered and Numbered 1 In The Register of Charges |
||||
ENCUMBRANCE 2
|
Date of Creation |
: |
07/12/1995 |
||
|
Description Of Charge |
: |
|
||
|
Amount Secured |
: |
RM1,000,000.00 |
||
|
Description Of Property Affected |
: |
|
||
|
Name & Address Of Chargee |
: |
|
||
|
Form 40 Dated 04/01/1996 |
||||
|
Registered and Numbered 2 In The Register of Charges |
||||
ENCUMBRANCE 3
|
Date of Creation |
: |
08/12/2000 |
||
|
Description Of Charge |
: |
|
||
|
Amount Secured |
: |
RM1,000,000.00 |
||
|
Description Of Property Affected |
: |
|
||
|
Name & Address Of Chargee |
: |
|
||
|
Form 40 Dated 04/01/2001 |
||||
|
Registered and Numbered 3 In The Register of Charges |
||||
ENCUMBRANCE 4
|
Date of Creation |
: |
11/10/2001 |
||
|
Description Of Charge |
: |
|
||
|
Amount Secured |
: |
52500000 |
||
|
Description Of Property Affected |
: |
|
||
|
Name & Address Of Chargee |
: |
|
||
|
Form 40 Dated 19/10/2001 |
||||
|
Registered and Numbered 4 In The Register of Charges |
||||
* A check has been conducted in our databank againt the SC whether the subject has
been involved in any litigation. Our databank consists of 99% of the wound up
companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
* We have checked through the SC in our defaulters' database which comprised of
debtors that have been blacklisted by our customers and debtors that have been
placed or assigned to us for collection since 1990. Information was provided by
third party where the debt amount can be disputed. Please check with creditors
for confirmation as alleged debts may have been paid since recorded or are
being disputed.
No blacklisted record & debt collection case was found in our defaulters'
databank.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The SC refused to disclose its suppliers.
The SC refused to provide any name of trade/service supplier and we are unable to
conduct any trade enquiry. However, from financial historical data we conclude
that :
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
|
] |
|
Good 31-60 Days |
[ |
X |
] |
|
Average 61-90 Days |
[ |
|
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
|
] |
|
|
|
|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES,TELEGRAPHIC TRANSFER (TT) |
|||
|
Goods Traded |
: |
|
|||||
|
|
|
|
|||||
|
Competitor(s) |
: |
|
|||||
|
|
|
|
|||||
|
Member(s) / Affiliate(s) |
: |
MALAYSIA EXTERNAL TRADE DEVELOPMENT CORPORATION (MATRADE) |
|||||
|
|
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2012 |
|
|||||||
|
GROUP |
N/A |
|
|
|
|
|
|
|
|
|
COMPANY |
10 |
|
|
|
|
|
|
|
|
|
Branch |
: |
|
Other Information:
The SC is principally engaged in the (as a / as an) trading of palm oil and its
related products.
The SC specializes in Palm Oil and its related products for the soap making,
rubber, chemical, cosmetic & toiletries, paint, household & detergent
industries.
The SC deals with the followings:
* Crude Palm Oil
* Refined Palm Oil
* Palm Fatty Acids
* Fatty Acids
* Glycerine
* Soap Noodles
* Soap (Finished Product)
* Food Additives
* Colourings
* Industrial / Pharmaceutical Chemicals
No projects found in our databank
Latest fresh investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client |
: |
3 61565026 |
|
Current Telephone Number |
: |
03-61565026 / 5032 / 5052 |
|
Match |
: |
YES |
|
|
|
|
|
Address Provided by Client |
: |
LOT 30, (1ST FLOOR) JALAN BRP 9/1 D, PERUSAHAAN BUKIT RAHMAN PUTRA,
47000 SUNGAI, BULOH SELANGOR DAR UL EHSAN |
|
Current Address |
: |
LOT 30 (1ST FLOOR), JALAN BRP 9/1D PERUSAHAAN BUKIT RAHMAN PUTRA,
47000 SUNGAI BULOH, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
|
|
|
|
Latest Financial Accounts |
: |
YES |
Other Investigations
On 13th December 2012 we contacted one of the staff from the SC and she
provided some information on the SC.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Increased |
[ |
51.93% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
67.08% |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
14.24% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
28.12% |
] |
|
|
|
|
|
|
|
|
|
|
The increase in turnover could be due to the SC adopting an aggressive
marketing strategy.The higher profit could be attributed to the increase in
turnover. The SC's management had generated acceptable return for its
shareholders using its assets. |
||||||
|
|
|
|
|
|
|
|
|
Working Capital Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Favourable |
[ |
3 Days |
] |
|
|
Debtor Ratio |
: |
Acceptable |
[ |
59 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
22 Days |
] |
|
|
|
|
|
|
|
|
|
|
The SC's stocks were moving fast thus reducing its holding cost. This
had reduced funds being tied up in stocks. The SC's management was quite
efficient in handling its debtors. The SC's debtors days were at an
acceptable range, thus the risk of its debts turning bad was minimised. The
SC had a favourable creditors' ratio as evidenced by its favourable
collection days. The SC could be taking advantage of the cash discounts and
also wanting to maintain goodwill with its creditors. |
||||||
|
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
|
Liquid Ratio |
: |
Acceptable |
[ |
0.94 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.98 Times |
] |
|
|
|
|
|
|
|
|
|
|
The SC's liquid ratio was slightly low. This could indicate that the SC's
working capital was slightly deficient. The SC will have to improve its
liquidity position either by obtaining short term financing or increase its
paid up capital so that it can meet all its short term obligations as and
when they fall due. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Unfavourable |
[ |
2.72 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.13 Times |
] |
|
|
|
|
|
|
|
|
|
|
The SC's interest cover was low. If its profits fall or when interest rate
rises, it may not be able to meet all its interest payment. The SC was lowly
geared thus it had a low financial risk. The SC was mainly financed by its
shareholders' funds and internally generated funds. In times of economic
slowdown / downturn, the SC being a lowly geared company, will be able to
compete better than those companies which are highly geared in the same
industry. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Assessment : |
|
|
|
|
|
|
|
Generally, the SC's performance has improved with higher turnover and
profit. The SC's liquidity was at an acceptable range. If the SC is able to
obtain further short term financing, it should be able to meet all its short
term obligations. If there is a fall in the SC's profit or any increase in
interest rate, the SC may not be able to generate sufficient cash-flow to
service its interest. The SC as a lowly geared company, will be more secured
compared to those highly geared companies. It has the ability to meet all its
long term obligations. |
||||||
|
|
|
|
|
|
|
|
|
Overall financial condition of the SC : FAIR |
||||||
|
Major Economic Indicators: |
2008 |
2009 |
2010 |
2011* |
2012** |
|
|
|
|
|
|
|
|
Population ( Million) |
27.73 |
28.13 |
28.35 |
28.70 |
29.10 |
|
Gross Domestic Products ( % ) |
4.6 |
<0.5> |
7.2 |
5.5 |
5.3 |
|
Domestic Demand ( % ) |
6.9 |
2.9 |
6.3 |
4.8 |
7.6 |
|
Private Expenditure ( % ) |
7.1 |
<2.7> |
8.1 |
7.0 |
8.7 |
|
Consumption ( % ) |
8.4 |
0.7 |
6.7 |
6.3 |
7.1 |
|
Investment ( % ) |
1.5 |
<17.2> |
17.7 |
16.2 |
15.9 |
|
Public Expenditure ( % ) |
6.5 |
5.2 |
3.8 |
7.6 |
4.7 |
|
Consumption ( % ) |
11.6 |
3.1 |
0.2 |
8.9 |
3.0 |
|
Investment ( % ) |
0.7 |
8.0 |
2.8 |
0.6 |
7.0 |
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million ) |
129,563 |
89,650 |
118,356 |
116,058 |
- |
|
Government Finance ( MYR Million ) |
<34,462> |
<28,450> |
<40,482> |
<45,511> |
<43,021> |
|
Government Finance to GDP / Fiscal Deficit ( % ) |
<4.8> |
<4.8> |
<5.6> |
<5.4> |
<4.7> |
|
Inflation ( % Change in Composite CPI) |
<3.3> |
<5.2> |
5.1 |
3.1 |
- |
|
Unemployment Rate |
3.7 |
4.5 |
3.9 |
3.3 |
- |
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion ) |
388 |
331 |
329 |
415 |
- |
|
Average Risk-Weighted Capital Adequacy Ratio ( % ) |
1.91 |
2.87 |
2.20 |
3.50 |
- |
|
Average 3 Months of Non-performing Loans ( % ) |
13.24 |
11.08 |
15.30 |
14.80 |
- |
|
Average Base Lending Rate ( % ) |
6.72 |
5.53 |
6.30 |
6.60 |
- |
|
Business Loans Disbursed( % ) |
11.6 |
10.5 |
14.7 |
15.3 |
- |
|
Foreign Investment ( MYR Million ) |
23,261.4 |
22,156.8 |
22,517.9 |
23,546.1 |
- |
|
Consumer Loans ( % ) |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Registration of New Companies ( No. ) |
41,599 |
41,578 |
44,148 |
- |
- |
|
Registration of New Companies ( % ) |
<4.0> |
<0.1> |
6.2 |
- |
- |
|
Liquidation of Companies ( No. ) |
27,992 |
39,075 |
25,585 |
- |
- |
|
Liquidation of Companies ( % ) |
23.7 |
39.6 |
<34.5> |
- |
- |
|
|
|
|
|
|
|
|
Registration of New Business ( No. ) |
269,866 |
312,581 |
271,414 |
- |
- |
|
Registration of New Business ( % ) |
- |
- |
- |
- |
- |
|
Business Dissolved ( No. ) |
18,885 |
19,345 |
19,738 |
- |
- |
|
Business Dissolved ( % ) |
<7.6> |
2.4 |
2.0 |
- |
- |
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit ) |
497.5 |
486.3 |
543.6 |
363.0 |
- |
|
Cellular Phone Subscribers ( Million ) |
25.1 |
30.1 |
32.8 |
35.3 |
- |
|
Tourist Arrival ( Million Persons ) |
21.5 |
23.6 |
24.6 |
25.3 |
- |
|
Hotel Occupancy Rate ( % ) |
68.0 |
58.0 |
63.0 |
51.3 |
- |
|
|
|
|
|
|
|
|
Credit Cards Spending ( % ) |
17.1 |
12.8 |
14.1 |
15.6 |
- |
|
Bad Cheque Offenders (No.) |
34,834 |
36,667 |
33,568 |
27,208 |
- |
|
Individual Bankruptcy ( No.) |
13,907 |
16,228 |
18,119 |
16,155 |
- |
|
Individual Bankruptcy ( % ) |
5.1 |
16.7 |
11.7 |
<10.8> |
- |
|
INDUSTRIES ( % of Growth ): |
2008 |
2009 |
2010 |
2011* |
2012** |
|
|
|
|
|
|
|
|
Agriculture |
3.6 |
0.4 |
2.1 |
4.7 |
4.1 |
|
Palm Oil |
7.0 |
<1.1> |
<3.4> |
7.3 |
- |
|
Rubber |
<1.1> |
<19.8> |
9.9 |
6.4 |
- |
|
Forestry & Logging |
<1.5> |
<5.9> |
<3.3> |
<4.7> |
- |
|
Fishing |
4.0 |
5.5 |
5.6 |
2.8 |
- |
|
Other Agriculture |
5.9 |
9.0 |
7.9 |
8.5 |
- |
|
Industry Non-Performing Loans ( MYR Million ) |
393.0 |
413.7 |
508.4 |
634.1 |
- |
|
% of Industry Non-Performing Loans |
<2.0> |
1.3 |
2.1 |
3.2 |
- |
|
|
|
|
|
|
|
|
Mining |
<0.8> |
<3.8> |
0.2 |
<2.4> |
2.5 |
|
Oil & Gas |
12.7 |
2.1 |
0.5 |
<1.7> |
- |
|
Other Mining |
- |
- |
- |
- |
- |
|
Industry Non-performing Loans ( MYR Million ) |
36.0 |
44.2 |
49.7 |
46.5 |
- |
|
% of Industry Non-performing Loans |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
|
|
|
|
|
|
|
Manufacturing # |
1.3 |
<9.4> |
11.4 |
5.6 |
4.5 |
|
Exported-oriented Industries |
2.7 |
<19.0> |
12.1 |
2.8 |
- |
|
Electrical & Electronics |
2.4 |
<30.3> |
28.4 |
<4.9> |
- |
|
Rubber Products |
4.2 |
<10.1> |
25.3 |
15.4 |
- |
|
Wood Products |
<6.0> |
<24.1> |
20.1 |
<7.3> |
- |
|
Textiles & Apparel |
1.9 |
<19.5> |
<0.4> |
14.8 |
- |
|
Domestic-oriented Industries |
9.9 |
<9.8> |
16.3 |
6.3 |
- |
|
Food, Beverages & Tobacco |
9.5 |
0.2 |
3.0 |
4.2 |
- |
|
Chemical & Chemical Products |
1.4 |
<7.7> |
16.2 |
5.6 |
- |
|
Plastic Products |
6.5 |
<9.1> |
2.4 |
3.8 |
- |
|
Iron & Steel |
16.8 |
<32.7> |
29.3 |
2.4 |
- |
|
Fabricated Metal Products |
14.7 |
<2.5> |
14.9 |
25.2 |
- |
|
Non-metallic Mineral |
8.3 |
<15.5> |
20.2 |
16.3 |
- |
|
Transport Equipment |
27.1 |
<13.5> |
36.5 |
<9.4> |
- |
|
Paper & Paper Products |
8.6 |
<5.0> |
18.7 |
15.6 |
- |
|
Crude Oil Refineries |
7.8 |
0.2 |
<11.4> |
9.3 |
- |
|
Industry Non-Performing Loans ( MYR Million ) |
5,729.4 |
6,007.3 |
6,217.5 |
6,537.2 |
- |
|
% of Industry Non-Performing Loans |
16.8 |
18.3 |
23.8 |
25.7 |
- |
|
|
|
|
|
|
|
|
Construction |
2.1 |
5.8 |
5.1 |
4.4 |
7.0 |
|
Industry Non-Performing Loans ( MYR Million ) |
4,149.8 |
3,241.8 |
4,038.5 |
3,856.9 |
- |
|
% of Industry Non-Performing Loans |
12.2 |
9.9 |
10.7 |
10.2 |
- |
|
|
|
|
|
|
|
|
Services |
7.3 |
2.6 |
6.5 |
6.4 |
6.5 |
|
Electric, Gas & Water |
5.0 |
0.4 |
8.5 |
5.6 |
4.8 |
|
Transport, Storage & Communication |
7.8 |
1.6 |
7.7 |
6.5 |
7.3 |
|
Wholesale, Retail, Hotel & Restaurant |
10.0 |
2.8 |
4.7 |
5.2 |
6.9 |
|
Finance, Insurance & Real Estate |
9.2 |
3.8 |
6.1 |
6.3 |
6.5 |
|
Government Services |
8.6 |
2.0 |
6.7 |
7.6 |
5.6 |
|
Other Services |
5.9 |
4.4 |
4.2 |
5.4 |
5.7 |
|
Industry Non-Performing Loans ( MYR Million ) |
8,281.4 |
6,631.3 |
7,384.6 |
6,825.2 |
- |
|
% of Industry Non-Performing Loans |
24.3 |
20.2 |
25.7 |
23.4 |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Estimate / Preliminary |
|
|
|
|
|
|
** Forecast |
|
|
|
|
|
|
# Based On Manufacturing Production Index |
|||||
|
MSIC CODE |
|
|
51212 : Wholesale of palm oil |
|
|
|
|
|
INDUSTRY : |
PALM OIL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Average Growth |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN
FINANCIAL REPORTING STANDARDS(FRS) |
|
CRESTMONT SDN. BHD. |
|
Financial Year End |
31/12/2011 |
31/12/2010 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
FULL |
FULL |
|
Currency |
MYR |
MYR |
|
|
|
|
|
TURNOVER |
37,230,873 |
24,505,751 |
|
Other Income |
469,396 |
603,361 |
|
|
---------------- |
---------------- |
|
Total Turnover |
37,700,269 |
25,109,112 |
|
Costs of Goods Sold |
<34,923,314> |
<23,050,644> |
|
|
---------------- |
---------------- |
|
Gross Profit |
2,776,955 |
2,058,468 |
|
|
---------------- |
---------------- |
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
690,652 |
413,372 |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
690,652 |
413,372 |
|
Taxation |
<169,715> |
<93,431> |
|
|
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
520,937 |
319,941 |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
As previously reported |
1,637,506 |
1,317,565 |
|
|
---------------- |
---------------- |
|
As restated |
1,637,506 |
1,317,565 |
|
|
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
2,158,443 |
1,637,506 |
|
|
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
2,158,443 |
1,637,506 |
|
|
============= |
============= |
|
|
|
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
|
Bank overdraft |
37,275 |
35,749 |
|
Bankers' acceptance |
333,926 |
173,891 |
|
Hire purchase |
409 |
1,338 |
|
Term loan / Borrowing |
30,886 |
37,555 |
|
|
---------------- |
---------------- |
|
|
402,496 |
248,533 |
|
ASSETS EMPLOYED: |
|
|
|
FIXED ASSETS |
70,005 |
63,356 |
|
|
|
|
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|
|
|
Investment properties |
4,001,711 |
4,078,999 |
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
4,001,711 |
4,078,999 |
|
|
|
|
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
4,071,716 |
4,142,355 |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
Stocks |
277,515 |
219,665 |
|
Trade debtors |
6,047,838 |
4,852,917 |
|
Other debtors, deposits & prepayments |
117,109 |
698,216 |
|
Short term deposits |
500,230 |
- |
|
Cash & bank balances |
432,180 |
412,704 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
7,374,872 |
6,183,502 |
|
|
---------------- |
---------------- |
|
TOTAL ASSET |
11,446,588 |
10,325,857 |
|
|
============= |
============= |
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
Trade creditors |
2,145,623 |
570,891 |
|
Other creditors & accruals |
506,208 |
286,272 |
|
Hire purchase & lease creditors |
- |
10,598 |
|
Bank overdraft |
154,937 |
809,807 |
|
Short term borrowings/Term loans |
111,253 |
120,971 |
|
Bill & acceptances payable |
3,820,000 |
3,854,000 |
|
Amounts owing to director |
820,590 |
1,202,816 |
|
|
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
7,558,611 |
6,855,355 |
|
|
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
<183,739> |
<671,853> |
|
|
---------------- |
---------------- |
|
TOTAL NET ASSETS |
3,887,977 |
3,470,502 |
|
|
============= |
============= |
|
|
|
|
|
SHARE CAPITAL |
|
|
|
Ordinary share capital |
1,500,000 |
1,500,000 |
|
|
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
1,500,000 |
1,500,000 |
|
|
|
|
|
RESERVES |
|
|
|
Retained profit/(loss) carried forward |
2,158,443 |
1,637,506 |
|
|
---------------- |
---------------- |
|
TOTAL RESERVES |
2,158,443 |
1,637,506 |
|
|
|
|
|
|
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
3,658,443 |
3,137,506 |
|
|
|
|
|
LONG TERM LIABILITIES |
|
|
|
Long term loans |
223,721 |
331,628 |
|
Deferred taxation |
5,813 |
1,368 |
|
|
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
229,534 |
332,996 |
|
|
---------------- |
---------------- |
|
|
3,887,977 |
3,470,502 |
|
|
============= |
============= |
CRESTMONT SDN. BHD.
|
TYPES OF FUNDS |
|
|
|
Cash |
932,410 |
412,704 |
|
Net Liquid Funds |
777,473 |
<397,103> |
|
Net Liquid Assets |
<461,254> |
<891,518> |
|
Net Current Assets/(Liabilities) |
<183,739> |
<671,853> |
|
Net Tangible Assets |
3,887,977 |
3,470,502 |
|
Net Monetary Assets |
<690,788> |
<1,224,514> |
|
BALANCE SHEET ITEMS |
|
|
|
Total Borrowings |
489,911 |
1,273,004 |
|
Total Liabilities |
7,788,145 |
7,188,351 |
|
Total Assets |
11,446,588 |
10,325,857 |
|
Net Assets |
3,887,977 |
3,470,502 |
|
Net Assets Backing |
3,658,443 |
3,137,506 |
|
Shareholders' Funds |
3,658,443 |
3,137,506 |
|
Total Share Capital |
1,500,000 |
1,500,000 |
|
Total Reserves |
2,158,443 |
1,637,506 |
|
LIQUIDITY (Times) |
|
|
|
Cash Ratio |
0.12 |
0.06 |
|
Liquid Ratio |
0.94 |
0.87 |
|
Current Ratio |
0.98 |
0.90 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
|
Stock Ratio |
3 |
3 |
|
Debtors Ratio |
59 |
72 |
|
Creditors Ratio |
22 |
9 |
|
SOLVENCY RATIOS (Times) |
|
|
|
Gearing Ratio |
0.13 |
0.41 |
|
Liabilities Ratio |
2.13 |
2.29 |
|
Times Interest Earned Ratio |
2.72 |
2.66 |
|
Assets Backing Ratio |
2.59 |
2.31 |
|
PERFORMANCE RATIO (%) |
|
|
|
Operating Profit Margin |
1.86 |
1.69 |
|
Net Profit Margin |
1.40 |
1.31 |
|
Return On Net Assets |
28.12 |
19.07 |
|
Return On Capital Employed |
27.04 |
15.43 |
|
Return On Shareholders' Funds/Equity |
14.24 |
10.20 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
|
NOTES TO ACCOUNTS |
|
|
|
Contingent Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.85 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.