MIRA INFORM REPORT
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Report Date : |
04.02.2012 |
IDENTIFICATION DETAILS
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Name : |
NAM HEONG TRADING SDN. BHD. |
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Registered Office : |
8865, Jalan
Semabok, Melaka, Zip/postal code 75050 |
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Country : |
Malaysia |
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Date of Incorporation : |
10.05.1996 |
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Com. Reg. No.: |
386904-P |
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Legal Form : |
Private Company Limited By Shares |
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Line of Business : |
Import and distribution of dried food products such as chillies, onions, potatoes etc. |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 120,000 |
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Status : |
Moderate |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Identification details
Verified Address
Subject
name : NAM HEONG TRADING SDN. BHD.
Business
address : 8865, Jalan Semabok
Town : Melaka
Zip/postal
code : 75050
Country : Malaysia
Tel : +60 6 2829081
Fax : +60 6 2829208
Email : namheongtrading@gmail.com
Registered
address : 8865, Jalan Semabok
Town : Melaka
Zip/postal
code : 75050
Country : Malaysia
Summary details
Executive Summary
Date founded or registered : 10/05/1996
Legal form : Private Company Limited By Shares
Chief executive : Teh Saw Eng
Issued & paid up capital : MYR 250,000
Line of business :
Import and distribution of dried food
products such as chillies, onions, potatoes etc.
Staff employed : 30 employees
Credit risk opinion
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management experience : Management is reasonably experienced
Financial performance : Financial performance is undetermined
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 120,000
Credit amount asked : Not described
Statutory details
Registry Data
Registration date :
10/05/1996
Legal form : Private Company Limited By Shares
Registration no :
386904-P
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 : Teh Saw Eng
Designation : Managing Director
Name : Teh Eng Ghee
Designation : Director
Board of directors / other
appointments
Appointments
Name : Teh Saw Eng
Designation : Director
Identification no : 541019-07-5152
Appointment date : 10/05/96
Address : 8865 Jalan Semabok
75050 Melaka
Malaysia
Name : Teh Eng Ghee
Designation : Director
Identification no : 550504-07-5273
Appointment date : 10/05/96
Address : 8865 Jalan Semabok
75050 Melaka
Malaysia
Name : Mohd Fairuz Izwan Bin Jamil
Designation : Company Secretary
Identification no : 791105-10-5807
Appointment date : 02/02/09
Address : No. 924-2 KM 11
Kampung Pernu
75460 Telok Mas
Melaka
Malaysia
Staff employed : 30 employees
Share capital
Composition
Authorized Capital : MYR 500,000
No of shares : 500,000 Ordinary Shares
Share par value : MYR 1
Issued capital : MYR 250,000
Paid up capital : MYR 250,000
ownership / shareholders
How listed : Full List
Composition
Shareholder name Teh Saw Eng
Address 8865 Jalan Semabok
75050 Melaka
Malaysia
No. of shares 125,000 Ordinary Shares
% of shares 50%
Shareholder name Teh Eng Ghee
Address 8865 Jalan Semabok
75050 Melaka
Malaysia
No. of shares 125,000 Ordinary Shares
% of shares 50%
Related companies & corporate Affiliations
Structure
Name : NAM HEONG TRANSPORT (MELAKA) SDN. BHD.
Affiliation type : Associate
Address : 8865 Jalan Semabok
75050 Melaka
Malaysia
Bank & mortgages
Bank Details
Name of bank : HSBC Bank Malaysia Berhad
Address : Malaysia
Account details : Current Account
Name of bank : Malayan Banking Berhad (Maybank)
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.
financial data
Description
Comments : The Subject has been exempted from
revealing their financials. The Subject filed for the certificate of exemption private
company and their accountants states that all liabilities are in good manner.
Operation details
Main activities : The Subject is engaged in import and
distribution of dried food products such as chillies, onions, potatoes etc.
Purchases
International : China, India, Netherlands, United
States, Australia, New Zealand
Sales
Local : Yes
International : Indonesia, Thailand
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of administrative office and
warehouse.
Branches : In addition, The Subject operates from
warehouse located at Port Klang, Selangor Darul Eshan, Malaysia.
Summarized country risk
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Central Bank of Malaysia
Reserve of foreign exchange & gold : US$133.7 billion as of 13 January 2012
Gross domestic product - GDP : US$ 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 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: 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 (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 and
steel 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 : Kuala Lumpur
Currency : Malaysia Ringgits (MYR)
Internet
users as % of total population : 57.61%
Payment history
Purchase Term
International : Prepayment, Telegraphic transfer,
Credit 30-60 days
Sales Term
Local : Prepayment, Credit 30-60 days
International : Prepayment, Credit 30-60 days
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.96 |
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UK Pound |
1 |
Rs.77.47 |
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Euro |
1 |
Rs.64.39 |
RATING EXPLANATIONS
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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 |
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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.