MIRA INFORM REPORT
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Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
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Name : |
KWANTAS OIL SDN. BHD. |
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Formerly Known As : |
FORDECO OIL SDN. BHD |
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Registered Office : |
1st Floor, Fordeco Building, Jalan Singamata, Lahad Datu,Sabah, Zip/postal code 91100 |
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Country : |
Malaysia |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
21.04.1980 |
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Com. Reg. No.: |
57450-X |
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Legal Form : |
Private Company Limited By Shares |
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Line of Business : |
Operator of 2 palm oil mills, 1 kernel crushing plant and 1 palm oil refinery plant |
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No. of Employees : |
500 employees (Subject); 3,341 employees (Kwantas Group) |
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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Maximum Credit Limit : |
USD 3,500,000 |
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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 – 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 : KWANTAS OIL SDN. BHD.
Business address : 1st Floor, Fordeco Building
Jalan Singamata
Town : Lahad Datu
Province : Sabah
Zip/postal code : 91100
Country : Malaysia
Tel : +60 89 881188
Fax : +60 89 882399
Email : info@kwantas.com.my
Website : www.kwantas.com.my
Registered address : 1st Floor, Fordeco Building
Jalan Singamata
Town : Lahad Datu
Province : Sabah
Zip/postal code : 91100
Country : Malaysia
Comments : The provided address K-63-3rd Floor, Signature Office, KK Times Square, Off
Coastal Highway, 88100 Kota Kinabalu, Sabah, Malaysia belongs to the Subject's branch office.
Summary details
Executive Summary
Date founded or registered : 21/04/1980
Legal form : Private Company Limited By Shares
Chief executive : Kwan Ngen Chung
Issued & paid up capital : MYR 85,498,490
Sales turnover : MYR 1,126,310,907 (Non-consolidated 12 months, 30/06/2010)
Net income : MYR -39,963,565 (Non-consolidated 12 months, 30/06/2010)
Total fixed assets : MYR 830,371,230 (Non-consolidated 12 months, 30/06/2010)
Line of business : Operator of 2 palm oil mills, 1 kernel crushing plant and 1 palm oil refinery
plant.
Staff employed : 500 employees (Subject); 3,341 employees (Kwantas Group)
Credit risk opinion
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is declining
Management experience : Management is adequately experienced
Financial performance : Financial performance is good
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 3,500,000
Credit amount asked : Not described.
Comments : Larger credit can still be considered. The Subject is well positioned in the
market and the financial stability of the group is positive.
Statutory details
Registry Data
Registration date : 21/04/1980
Legal form : Private Company Limited By Shares
Registration no 57450-X
Registered authority : Companies Commission of Malaysia
Registry status : Live/Active
Previous name : The Subject was established under the
name FORDECO OIL SDN. BHD. and changed to the current style on 04-06-1991.
Change of legal form : None reported.
Management / directors
Key Management
Name : Kwan Ngen Chung
Designation : Chief Executive Officer
Name : Kwan Ngen Wah
Designation : Executive Director
Name : Kwan Jin Nget
Designation : Administration Manager
Name : Chong Kan Hiung
Designation : Financial Manager
Board of directors / other
appointments
Appointments
Name : Kwan Ngen Wah
Designation : Director
Identification no : 580222-12-5049
Appointment date : 21/11/86
Address : 574,
Block 5, Api-Api Centre
88000 Kota Kinabalu
Sabah
Malaysia
Biography : Mr.
Kwan Ngen Wah serves as Non-Independent Executive Director of Kwantas Corp Bhd.
He is one of the co-founder Directors of the Company and is currently an
Executive Director. He received his tertiary education in the UK. Kwan Ngen Wah
has been actively involved in the oil palm industry, stone quarry operation,
road construction and property development projects for the past 30 years and
gained substantial knowledge and experience in these industries. The
accumulated experience coupled with the close relationship with customers and
suppliers provide adequate impetus for him to steer the Company.
Name : Kwan Ngen Chung
Designation : Director
Identification no : 600712-12-5821
Appointment date : 21/11/86
Address : Unit
C11-10, Marina Court Condominium
Api-Api Centre
88000 Kota Kinabalu
Sabah
Malaysia
Biography : Mr.
Kwan Ngen Chung serves as Chief Executive Officer, Managing Director and Non-Independent
Executive Director at Kwantas Corp Bhd. He holds a degree of Master of Business
Administration from Wisconsin International University, USA. Prior to the
founding of the Company, Kwan Ngen Chung has been principally involved in the
oil palm industry. He also has substantial experience in stone quarry
operation, road construction and property development. Using his knowledge and
experience obtained in the past 30 years, he and his brother established
Kwantas Corporation Berhad in 1996. He is the member of Remuneration Committee
of the Company.
Name : Chong
Kan Hiung
Designation : Director and Company Secretary
Identification no : 631108-12-5501
Appointment date : 01/04/00
Address : No.
9, Taman Bunga Raya
Batu 3 1/2, Jalan Penampang
88300 Kota Kinabalu
Sabah
Malaysia
Biography : Mr.
Chong Kan Hiung has been Company Secretary and
Non-Independent
Executive Director of Kwantas Corp Bhd since November 12, 2001. He is a
Chartered Accountant of the Malaysian Institute of Accountants and a fellow of
the Chartered Association of Certified Accountant in the UK and also a member
of the Malaysian Institute of Taxation. Chong Kan Hiung is responsible for the
financial functions of the Group. He has been with the Group for the past 10
years and is also the joint Company Secretary for the Company. Prior to joining
the Kwantas Group in 1996, he was attached to an international Public
Accountant firm for 10 years. He has considerable experience in corporate
finance and general management. Chong Kan Hiung is also a certified member of
the Financial Planning Association of Malaysia.
Name : Kwan Jin Nget
Designation : Director
Identification no : 671123-12-5354
Appointment date : 23/08/96
Address : MDLD
1419, ML 1
Jalan Silam
91100 Lahad Datu
Sabah
Malaysia
Biography : Ms.
Kwan Jin Nget serves as Non-Independent Executive Director of Kwantas Corp Bhd.
She graduated with a Bachelor Degree of Business Administration from University
of Iowa, USA in 1989. She has been a Director since the Company was incorporated.
Kwan Jin Nget is currently the Director of Administration/ Plantation of the
Company. Her responsibilities include the coordination for the operations of
the Company and overseeing human resources management, general administration
and oil palm plantations.
Name : Kwan Min Nyet
Designation : Director
Identification no : 690102-12-6036
Appointment date : 23/08/96
Address : MDLD
1419, ML 1
Jalan Silam
91100 Lahad Datu
Sabah
Malaysia
Biography : Ms.
Kwan Min Nyet serves as Non-Independent Executive Director of Kwantas Corp Bhd.
She graduated with a Bachelor Degree of Business Administration from University
of Iowa, USA in 1989. She has been a Director since the Company was
incorporated. Kwan Min Nyet is responsible for the finance and the marketing
functions of the Company’s oil mill operations.
Name : Kwan Chiew Giok
Designation : Company Secretary
Identification no : 560917-12-5362
Appointment date : 01/04/99
Address : MDLD
4600, Batu 1
Jalan Silam
91100 Lahad Datu
Sabah
Malaysia
Staff employed : 500
employees (Subject); 3,341 employees (Kwantas Group)
Key Advisors
Auditors : ERNST
& YOUNG
Level 23A, Menara Milenium
Jalan Damanlela
Pusat Bandar Damansara
Kuala Lumpur 50490
Malaysia
Share capital
Composition
Authorized Capital : MYR 100,000,000
No of shares : 100,000,000 Ordinary Shares
Share par value : MYR 1
Issued capital : MYR 85,498,490
Paid up capital : MYR 85,498,490
Changed in capital : The Subject increased its share capital
from MYR 5,000,000 to MYR 100,000,000 on 08-06-1995.
ownership / shareholders
How listed : Full List
Composition
Shareholder name KWANTAS CORPORATION BERHAD
Address 1st Floor, Fordeco Building
Jalan Singamata
Lahad Datu 91100
Sabah
Malaysia
No. of shares 85,498,490 Ordinary Shares
% of shares 100%
Related companies & corporate Affiliations
Structure
Name : KWANTAS CORPORATION BERHAD
Affiliation type : Parent Company
Address : 1st Floor, Fordeco Building
Jalan Singamata
Lahad Datu 91100
Sabah
Malaysia
Comments : KWANTAS CORPORATION BERHAD was
incorporated in 1995 as an investment holding company and listed on the Main
Board of Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange) in
1996.
The Kwantas Group is an integrated palm oil producer which operates the following:
- oil palm plantations and oil mills
- palm kernel crushing plant
- palm / soya bean oil refinery plants
-
shortening plants
- biomass power plant
- bulking installation and facilities
- trading of palm and soya bean oils and fats products
Other
activities which the Group is involved in are the wholesaling and supply of
diesel and lubricants, and the operation of a stone and gravel quarry.
Name MAXIMLINK ENTERPRISE SDN. BHD.
Affiliation type Wholly-owned Subsidiary
Address 1st Floor, Fordeco Building
Jalan Singamata
Lahad Datu 91100
Sabah
Malaysia
Comments Rental of leasehold land.
Name : KWANTAS OLEO SDN. BHD.
Affiliation type : Sister Company
Address : 1st Floor, Fordeco Building
Jalan Singamata
Lahad Datu 91100
Sabah
Malaysia
Comments : Operation of an oil palm plantation.
Name : KWANTAS PLANTATIONS SDN. BHD.
Affiliation type : Sister Company
Address : 1st Floor, Fordeco Building
Jalan Singamata
Lahad Datu 91100
Sabah
Malaysia
Comments :
Operation of oil palm plantation.
Name :
KWANTAS LAND DEVELOPMENT SDN. BHD.
Affiliation type : Sister Company
Address : 1st Floor, Fordeco Building
Jalan Singamata
Lahad Datu 91100
Sabah
Malaysia
Comments : Operation of oil palm plantations.
Name : DONGMA OILS & FATS (ZHANGJIAGANG FREE TRADE ZONE) CO., LTD.
Affiliation type : Sister Company
Address : Jiangsu Zhangjiagang City
Yangtze River International Chemical Park
Beijing Road (S), 215633
China
Comments : Operation of a bulking installation and trading of palm oils and fats products.
Name : DONGMA PALM INDUSTRIES (ZHANGJIAGANG) CO., LTD.
Affiliation type : Sister Company
Address : Jiangsu Zhangjiagang City
Yangtze River International Chemical Park
Beijing Road (S), 215633
China
Comments : Operation of soap noodle, oleochemicals and glycerine plants.
Name : DONGMA (GUANGZHOU FREE TRADE ZONE) OLEOCHEMICALS CO., LTD.
Affiliation type : Sister Company
Address : No. 15, Jinqiao Road Guangzhou Free Trade Zone Guangzhou 510730, China
Comments : Operation of soap noodle, oleochemicals and glycerine plants.
Name : DONGMA OILS & FATS (GUANGZHOU FREE TRADE ZONE) CO., LTD.
Affiliation type : Sister Company
Address : No. 15, Jinqiao Road Guangzhou Free Trade Zone Guangzhou 510730
China
Comments : Operation of a bulking installation, palm oil refinery and shortening plants, and trading of palm
oils and fats products.
Name : PT. KINABALU INVESDAG INDONESIA
Affiliation type : Sister Company
Address : Indonesia
Comments : Investment holding company.
Related companies
and corporate affiliations comments
Other companies of the Kwantas Group should be considered
affiliates of the Subject.
Bank & mortgages
Bank Details
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Name
of bank :
Address :
Account details : |
HSBC Bank Malaysia Berhad Malaysia Current Account |
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Name
of bank :
Address :
Account details : |
Affin Bank Berhad Malaysia Current Account |
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Name
of bank :
Address :
Account details : |
Deutsche Bank (M) Berhad Malaysia Current Account |
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Name
of bank :
Address :
Account details : |
United Overseas Bank (M) Berhad Malaysia Current Account |
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Name
of bank :
Address :
Account details : |
Citibank Berhad Malaysia Current Account |
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Name
of bank :
Address :
Account details : |
Ambank (M) Berhad Malaysia Current Account |
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Name
of bank :
Address :
Account details : |
CIMB Bank Berhad Malaysia Current Account |
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Name
of bank :
Address :
Account details : |
Malayan Banking Berhad (Maybank) Malaysia Current Account |
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Name
of bank :
Address :
Account details : |
OCBC Bank
(Malaysia) Berhad Malaysia Current Account |
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Name
of bank :
Address : |
Standard
Chartered Bank Malaysia Berhad 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
Total of Charge: 4,000,000.00
Date of Creation: 26-11-1990
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 4,000,000.00
Date of Creation: 26-11-1990
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: UNSATISFIED
Total of Charge: 4,000,000.00
Date of Creation: 30-01-1992
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 4,000,000.00
Date of Creation: 30-01-1992
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: UNSATISFIED
Total of Charge: 1,000,000.00
Date of Creation: 04-11-1993
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: UNSATISFIED
Total of Charge: 7,000,000.00
Date of Creation: 01-10-1994
Name of Chargee: MALAYAN BANKING BHD
Charge Status: FULLY SATISFIED
Total of Charge: 7,000,000.00
Date of Creation: 01-10-1994
Name of Chargee: MALAYAN BANKING BHD
Charge Status: UNSATISFIED
Total of Charge: 10,000,000.00
Date of Creation: 21-06-1996
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 17,000,000.00
Date of Creation: 21-06-1996
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 10,000,000.00
Date of Creation: 21-06-1996
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: UNSATISFIED
Total of Charge: FOREIGN CURRENCY
Date of Creation: 24-09-1996
Name of Chargee: MAYBANK INTERNATIONAL L LTD
Charge Status: FULLY SATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 02-09-1998
Name of Chargee: HONGKONG BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: 55,000,000.00
Date of Creation: 21-07-1999
Name of Chargee: HSBC BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: 4,400,000.00
Date of Creation: 29-04-2009
Name of Chargee: HSBC BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
financial data
Description
Source of financial statement : Commercial
Registry Filings
Financial statement date : 30/06/10
Type of accounts : Full audited
Currency : Malaysia, Ringgit (MYR)
Exchange rate : 1 USD = MYR 3.16 as of 02-01-2012
Summarized Financial Information
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Consolidation
type : |
Non Consolidated |
Non Consolidated |
Group Consolidated |
|
Currency : |
Malaysia, Ringgit
(MYR) |
Malaysia, Ringgit
(MYR) |
Malaysia, Ringgit
(MYR) |
|
Denomination : |
(x1) One |
(x1) One |
(x1) One |
|
Date of
financial year end : |
30/06/10 |
30/06/09 |
30/06/11 |
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Length of
accounts : |
12 months |
12 months |
12 months |
|
Sale turnover /
Income : |
1,126,310,907 |
1,348,394,951 |
1,251,097,000 |
|
Gross profit : |
26,302,597 |
12,716,812 |
197,088,000 |
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Operating profit : |
-17,563,109 |
-38,752,021 |
|
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Profit before
tax : |
-38,063,082 |
-57,289,302 |
147,980,000 |
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Net income : |
-39,963,565 |
-42,136,016 |
116,097,000 |
|
Non current
assets : |
156,405,119 |
159,978,936 |
1,692,998,000 |
|
Current assets : |
673,966,111 |
708,674,827 |
460,663,000 |
|
Inventories : |
78,315,524 |
52,528,766 |
235,171,000 |
|
Total assets : |
830,371,230 |
868,653,763 |
2,153,661,000 |
|
Current
liabilities : |
669,305,735 |
667,368,105 |
656,275,000 |
|
Non current
liabilities : |
4,297,452 |
4,554,050 |
292,463,000 |
|
Total
liabilities : |
673,603,187 |
671,922,155 |
948,738,000 |
|
Share equity : |
156,768,043 |
196,731,608 |
1,204,923,000 |
|
Retained earning : |
71,269,553 |
111,233,118 |
336,869,000 |
Comments : The non-consolidated financial information
above relates to the
Subject
only.
The group’s consolidated
financial information above relates to the Subject’s Parent / Ultimate Holding
Company Kwantas Corporation Berhad and all its subsidiaries which include the
Subject.
Operation details
Main activities :
The Subject is mainly engaged in
operation of palm oil mills, kernel crushing plant and palm oil refinery plant.
The Subject’s other operations include wholesale and supply of
diesel/lubricants and trading of refined soya bean oil.
The Subject is
part of Kwantas Corporation Berhad which is an investment holding company
engaged in the operation of oil palm plantations, palm oil mills, kernel
crushing plant, and palm oil refinery and shortening plants primarily in
Malaysia and the People’s Republic of China. It provides a range of palm oil
products, including RBD Palm Olein, RBD Palm Oil, RBD Palm Stearin, Palm Fatty
Acid Distillate, Crude Palm Oil, Crude Palm Kernel Oil, RBD Palm Kernel Oil,
Palm Kernel Expeller, and Palm Kernel. The company’s palm oil products are used
in manufactured food products and confectioneries, as well as non-edible
applications, such as soap, cosmetics, and detergents. It also offers edible
oils comprising palm and soya bean for the end-consumer market under the Cap
Sedap, Minyak Emas, Minyak Mas, and Cap Payau brand names. In addition, the
company produces shortenings for the manufacture of margarine, soap noodle, and
cocoa butter substitute, as well as other palm oil downstream products, which
include edible oils and oleo-chemicals products; and
trades palm,
soya bean oils, and fats products. Further, it engages in the wholesaling and
supply of diesel and lubricants; operation of biomass power plant and stone and
gravel quarry; and provides leasehold land rental services. The company is
headquartered in Lahad Datu, Malaysia.
Product & services : Refined Palm oil and palm oil products
· Refined Soya Bean oil
· Diesel and lubricants
Purchases
International : Indonesia, China, India
Sales
Local : Yes
International : China, United States, India, Nigeria
Key events : Kwantas Corporation Berhad's Subsidiary Acquires Gasgasan Usahasama Sdn Bhd Monday, 5 Dec 2011. Kwantas Corporation Berhad announced that its wholly owned subsidiary, Miracle Harvest Sdn Bhd, has acquired 100% equity in Gasgasan Usahasama Sdn Bhd.
Kwantas Corporation Berhad Completes Disposal of Green Ace Resources
Sdn Bhd
Thursday, 12 May 2011
Kwantas Corporation Berhad announced that it has completed the disposal of Company's entire 70% stake in Green Ace Resources Sdn Bhd on May
12, 2011, pursuant to the Conditional Sale Shares Agremeent between the
Company and Golden Agri Resources Sdn Bhd.
Kwantas Corporation Berhad Announces Disposal Of Its Entire Stake In
Green Ace Resources Sdn Bhd
Monday, 10 Jan 2011
Kwantas Corporation Berhad announced that the Company had on
January 6, 2011, entered into a Conditional Sale Shares Agreement (SSA) with Golden Agri Resources Sdn Bhd (Golden or the Purchaser) for the disposal of Company's entire 7,000 ordinary shares at MYR 1.00 each (Sale Shares) representing 70% equity interest in Green Ace Resources Sdn Bhd (GARSB) for a total cash consideration of MYR 32,405,293.18. Upon completion of the transaction, GARSB shall cease to be a subsidiary of the Company.
Kwantas Corporation Berhad Announces Ownership Interest Of Employees
Provident Fund Board
Tuesday, 9 Nov 2010
Kwantas Corporation Berhad announced that Employees Provident Fund Board has ceased to be substantial shareholder of the Company. Earlier, Employees Provident Fund Board had an interest of 7.33% in shares of the Company.
Kwantas Corporation Berhad's Aman Bersatu Sdn Bhd Announces
Proposed Acquisition Of Leasehold Land
Thursday, 4 Feb 2010
Kwantas Corporation Berhad announced that the Company through its wholly-owned subsidiary Aman Bersatu Sdn Bhd (ABSB or Purchaser), had on February 4, 2010, entered into a sale and purchase agreement (SPA) with Dataran Indah Jaya Sdn Bhd (DIJSB or Vendor), wherein DIJSB shall sell and ABSB shall purchase a leasehold land held under Country Lease (CL) No. 095327147 in the District of Kinabatangan, Sabah of a total area measuring 1,360 hectares (Land) for a total cash consideration of MYR83.30 million (Proposed Acquisition).
Property & Assets
Premises : The Subject operates from premises
located at the verified heading address consisting of administrative office.
Branches : In addition, the Subject operates from
2 palm mill, 1 palm oil refinery and 1 kernel crushing facilities in Lahad
Batu.
Other property : Total NBV of property, plant and equipment as of 30-06-2010 was
MYR 108,509,921.
Summarized country risk
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Central Bank of Malaysia
Reserve of foreign exchange
& gold : US$ 135.0 billion as of 15 December
2011
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
Local : Prepayment, D/P, Credit up to 90 days
International : L/C, D/P, Credit up to 90 days
Sales Term
Local : Prepayment, D/P, Credit up to 90 days
International : L/C, D/P, Credit up to 90 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.23 |
|
UK Pound |
1 |
Rs.82.87 |
|
Euro |
1 |
Rs.69.13 |
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.