MIRA
INFORM REPORT
|
Report Date : |
28.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
LUN HENG SDN. BHD. |
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Registered Office : |
Lot 47, Jalan BRP 9/2, Taman Perindustrian Putra (Rahman Putra) Sungai Buloh Selangor Darul Ehsan 47000 |
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Country : |
Malaysia |
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|
|
|
Financials (as on) : |
30.06.2010 |
|
|
|
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Date of Incorporation : |
23.03.1981 |
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Com. Reg. No.: |
68686-H |
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Legal Form : |
Private Company Limited By Shares |
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Line of Business : |
Import, export and distributor of groceries food products. |
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No. of Employees : |
45 |
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 |
|
Maximum Credit Limit : |
USD 1,200,000 |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
IDENTIFICATION DETAILS
Verified Address
Subject name : LUN HENG SDN. BHD.
Business address : Lot 47, Jalan BRP 9/2, Taman Perindustrian Putra (Rahman Putra)
Town : Sungai Buloh
Province : Selangor Darul Ehsan
Zip/postal code : 47000
Country : Malaysia
Tel : +60 3 61576868
Fax : +60 3 61578580
Website : www.lunheng.com.my
Registered address : C/o GYH CORPORATE SERVICES SDN BHD
54B, Damai Complex
Jalan Lumut
Town : Kuala Lumpur
Province : Wilayah Persekutuan
Zip/postal code : 50400
Country : Malaysia
SUMMARY DETAILS
Executive Summary
Date founded or registered : 23/03/1981
Legal form : Private Company Limited By Shares
Chief executive : Chan Moon Thiam
Issued & paid up capital : MYR 13,590,000
Sales turnover : MYR 132,595,719 (Consolidated 12 months, 30/06/2010)
Net income : MYR 415,281 (Consolidated 12 months, 30/06/2010)
Total fixed assets : MYR 120,159,213 (Consolidated 12 months, 30/06/2010)
Line of business : Import, export and distributor of groceries food products.
Staff employed : 45 employees
CREDIT RISK OPINION
Company Analysis
Country risk : Country risk is minimal
Operation trend : Operational trend is progressing
Management experience : Management is adequately experienced
Financial performance : Financial performance is good
Organization structure : Organizational structure is consistent
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 1,200,000
Credit amount asked : Not described.
STATUTORY DETAILS
Registry Data
Registration date : 23/03/1981
Legal form : Private Company Limited By Shares
Registration no 68686-H
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 : Chan Moon Thiam
Designation : Managing Director
Name : Chan Boon Wan
Designation : Director
Name : Chan Boon Kiew
Designation : Director
Name : Chan Chee Him
Designation : Director
Name : Chan Boon Cheng
Designation : Director
BOARD OF DIRECTORS/ OTHER APPOINTMENTS
Appointments
Name : Chan Boon Wan
Designation : Director
Identification no : 490820-10-5997
Appointment date : 01/07/83
Address : 6 Jalan BRP 7/3B, Bukit Rahman Putra
47000 Sungai Buloh Selangor Darul Ehsan Malaysia
Name : Chan Boon Kiew
Designation : Director
Identification no : 521205-10-5169
Appointment date : 03/06/82
Address : No.66, Jalan Wangsa 1
Bukit Antarabangsa
68000 Ampang Selangor Darul Ehsan Malaysia
Name : Chan Moon Thiam
Designation : Director
Identification no : 541127-10-5443
Appointment date : 23/03/81
Address : 149, Jalan Krian
Taman Rainbow, Batu 4 1/2
Jalan Ipoh
51100 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name : Chan Chee Him
Designation : Director
Identification no : 571214-10-5393
Appointment date : 03/06/82
Address : No.66, Jalan Wangsa 1
Bukit Antarabangsa
68000 Ampang Selangor Darul Ehsan Malaysia
Name : Chan Boon Cheng
Designation : Director
Identification no : 601126-10-6307
Appointment date : 03/06/82
Address : 22, Jalan Bukit Idaman 3/1
Bukit Idaman
68100 Batu Caves Selangor Darul Ehsan Malaysia
Name : Chan Wan Chuan
Designation : Director
Identification no : 770508-14-5499
Appointment date : 03/01/06
Address : 149, Jalan Krian
Taman Rainbow, Batu 4 1/2
Jalan Ipoh
51100 Kuala Lumpur Wilayah Persekutuan Malaysia
Name : Chan Wan Khoon
Designation : Director
Identification no : 780824-14-6003
Appointment date : 03/01/06
Address : 77,Jalan Semarak Ali
Sierramas
47000 Sungai Buloh Selangor Darul Ehsan Malaysia
Name : Hoh Chee Mun
Designation : Company Secretary
Identification no : 651007-10-5657
Appointment date : 17/11/04
Address : No.17, Jalan Cheras Mewah 1
Taman Cheras Mewah
56000 Kuala Lumpur Wilayah Persekutuan Malaysia
Name : Hoh Leong Ching
Designation : Company Secretary
Identification no : 670228-10-5830
Appointment date : 17/11/04
Address : 20,Jalan Perdana 2/6
Taman Pandan Perdana
55300 Kuala Lumpur Wilayah Persekutuan Malaysia
Staff employed : 45 employees
Key Advisors
Auditors : WONG WENG FOO & CO.
41, Damai Complex
Jalan Haji Eusoff
50400 Kuala Lumpur Wilayah Persekutuan Malaysia
SHARE CAPITAL
Composition
Authorized Capital : MYR 25,000,000
No of shares : 25,000,000 Ordinary Shares
Share par value : MYR 1
Issued capital : MYR 13,590,000
Paid up capital : MYR 13,590,000
Changed in capital : The Subject increased its share capital from MYR 10,000,000 to MYR 25,000,000 on 03-06-1996.
OWNERSHIP / SHAREHOLDERS
How listed : Full List
Composition
Shareholder name : Chan Boon Kiew
Address : No.66, Jalan Wangsa 1
Bukit Antarabangsa
68000 Ampang Selangor Darul Ehsan Malaysia
No. of shares : 1,359,000 Ordinary Shares
Shareholder name : Chan Chooi Cheng
Address : 22, Jalan Bukit Idaman 3/1
Bukit Idaman
68100 Batu Caves Selangor Darul Ehsan Malaysia
No. of shares : 203,850 Ordinary Shares
Shareholder name : Chan Moon Thiam
Address : 149, Jalan Krian
Taman Rainbow, Batu 4 1/2
Jalan Ipoh
51100 Kuala Lumpur Wilayah Persekutuan Malaysia
No. of shares : 8,154,000 Ordinary Shares
Shareholder name : Chan Chee Him
Address : No.66, Jalan Wangsa 1
Bukit Antarabangsa
68000 Ampang
Selangor Darul Ehsan Malaysia
No. of shares : 1,359,000 Ordinary Shares
Shareholder name : Chan Boon Cheng
Address : 22, Jalan Bukit Idaman 3/1
Bukit Idaman
68100 Batu Caves Selangor Darul Ehsan Malaysia
No. of shares : 1,359,000 Ordinary Shares
Shareholder name : Chan Wan Chuan
Address : 149, Jalan Krian
Taman Rainbow, Batu 4 1/2
Jalan Ipoh
51100 Kuala Lumpur Wilayah Persekutuan Malaysia
No. of shares : 1,155,150 Ordinary Shares
RELATED COMPANIES &
CORPORATE AFFILIAIONS
Structure
Name : LUN HENG IMPORT EXPORT & TRADING
SDN. BHD.
Affiliation type : Wholly-owned Subsidiary
Address : Lot 47, Jalan BRP 9/2, Taman
Perindustrian Putra (Rahman Putra) Sungai Buloh 47000
Selangor Darul Ehsan
Malaysia
Comments : Distributor of provisions and sundry
goods.
Name : LUN HENG PROPERTIES SDN. BHD.
Affiliation type : Wholly-owned Subsidiary
Address : Lot 47, Jalan BRP 9/2, Taman
Perindustrian Putra (Rahman Putra) Sungai Buloh 47000
Selangor Darul Ehsan
Malaysia
Comments : Investment holding company.
Name : LUN HENG DIVERSIFY SDN. BHD.
Affiliation type : Subsidiary
Address : Lot 47, Jalan BRP 9/2, Taman
Perindustrian Putra (Rahman Putra) Sungai Buloh 47000
Selangor Darul Ehsan
Malaysia
Comments : Investment holding company and general
trading.
Name : LUN HENG MARKETING SDN. BHD.
Affiliation type : Wholly-owned Subsidiary
Address : Lot 47, Jalan BRP 9/2, Taman
Perindustrian Putra (Rahman Putra) Sungai Buloh 47000
Selangor Darul Ehsan
Malaysia
Comments : Dormant.
BANK & MORTGAGES
Bank Details
Name of bank : HSBC Bank Malaysia Bhd.
Address : Malaysia
Account details : Current Account
Name of bank : Public Bank Berhad
Address : Malaysia
Account details : Current Account
Name of bank : Malayan Banking Berhad
Address : Malaysia
Account details : Current Account
Name of bank : CIMB Bank Berhad
Address : Malaysia
Account details : Current Account
Name of bank : RHB Bank Berhad
Address : Malaysia
Account details : Current Account
Name of bank : Hong Leong Bank Bhd.
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 : Total of Charge: OPEN CHARGE Date of Creation: 05-10-1983
Name of Chargee: EUROPEAN ASIAN BANK AKTIENGESELLSCHAFT Charge Status: FULLY SATISFIED
Total of Charge: 500,000.00
Date of Creation: 23-05-1984
Name of Chargee: EUROPEAN ASIAN BANK AKTIENGESELLSCHAFT Charge Status: FULLY SATISFIED
Total of Charge: 1,580,000.00
Date of Creation: 31-10-1984
Name of Chargee: SOUTHERN BANK BHD Charge Status: FULLY SATISFIED
Total of Charge: 880,000.00
Date of Creation: 25-09-1985
Name of Chargee: EON BANK BERHAD Charge Status: FULLY RELEASED
Total of Charge: 1,800,000.00
Date of Creation: 25-09-1985
Name of Chargee: EON BANK BERHAD Charge Status: FULLY RELEASED
Total of Charge: 1,200,000.00
Date of Creation: 26-03-1986
Name of Chargee: EON BANK BERHAD Charge Status: FULLY RELEASED
Total of Charge: 1,000,000.00
Date of Creation: 27-10-1986
Name of Chargee: EON BANK BERHAD Charge Status: FULLY RELEASED
Total of Charge: 500,000.00
Date of Creation: 13-07-1987
Name of Chargee: THE HONGKONG AND SHANGHAI BANKING CORPORATION
Charge Status: FULLY SATISFIED
Total of Charge: 500,000.00
Date of Creation: 22-12-1987
Name of Chargee: EON BANK BERHAD Charge Status: FULLY RELEASED
Total of Charge: 700,000.00
Date of Creation: 13-12-1988
Name of Chargee: EON BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 750,000.00
Date of Creation: 02-02-1989
Name of Chargee: PERWIRA HABIB BANK MALAYSIA BHD Charge Status: FULLY SATISFIED
Total of Charge: 1,000,000.00
Date of Creation: 04-03-1989
Name of Chargee: HONGKONG BANK MALAYSIA BHD Charge Status: FULLY SATISFIED
Total of Charge: 150,000.00
Date of Creation: 19-06-1989
Name of Chargee: OCBC BANK MALAYSIA BHD Charge Status: UNSATISFIED
Total of Charge: 750,000.00
Date of Creation: 24-04-1990
Name of Chargee: PERWIRA HABIB BANK MALAYSIA BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 1,100,000.00
Date of Creation: 21-06-1990
Name of Chargee: ORIENTAL BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 1,100,000.00
Date of Creation: 21-06-1990
Name of Chargee: ORIENTAL BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 650,000.00
Date of Creation: 12-09-1990
Name of Chargee: OCBC BANK MALAYSIA BHD Charge Status: UNSATISFIED
Total of Charge: 1,400,000.00
Date of Creation: 24-12-1990
Name of Chargee: ORIENTAL BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 1,100,000.00
Date of Creation: 01-03-1991
Name of Chargee: OCBC BANK MALAYSIA BERHAD Charge Status: UNSATISFIED
Total of Charge: 9,720,000.00
Date of Creation: 28-02-1991
Name of Chargee: OCBC BANK MALAYSIA BHD Charge Status: FULLY RELEASED
Total of Charge: 600,000.00
Date of Creation: 28-02-1991
Name of Chargee: OCBC BANK MALAYSIA BHD Charge Status: FULLY RELEASED
Total of Charge: 300,000.00
Date of Creation: 28-09-1991
Name of Chargee: OCBC BANK MALAYSIA BHD Charge Status: UNSATISFIED
Total of Charge: 300,000.00
Date of Creation: 20-10-1991
Name of Chargee: OCBC BANK MALAYSIA BHD Charge Status: FULLY RELEASED
Total of Charge: 8,720,000.00
Date of Creation: 17-01-1992
Name of Chargee: OCBC BANK MALAYSIA BHD Charge Status: FULLY RELEASED
Total of Charge: 8,720,000.00
Date of Creation: 27-04-1992
Name of Chargee: OCBC BANK MALAYSIA BHD
Charge Status: FULLY RELEASED
Total of Charge: 1,000,000.00
Date of Creation: 12-10-1992
Name of Chargee: PERWIRA HABIB BANK MALAYSIA BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 150,000.00
Date of Creation: 15-10-1992
Name of Chargee: OCBC BANK MALAYSIA BHD Charge Status: UNSATISFIED
Total of Charge: 150,000.00
Date of Creation: 24-11-1992
Name of Chargee: OCBC BANK MALAYSIA BHD Charge Status: FULLY RELEASED
Total of Charge: 420,000.00
Date of Creation: 09-03-1993
Name of Chargee: PUBLIC BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 920,000.00
Date of Creation: 09-03-1993
Name of Chargee: PUBLIC BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 1,000,000.00
Date of Creation: 09-03-1993
Name of Chargee: PUBLIC BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 1,370,000.00
Date of Creation: 30-05-1994
Name of Chargee: PUBLIC BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 500,000.00
Date of Creation: 19-09-1994
Name of Chargee: PERWIRA AFFIN BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 50,000.00
Date of Creation: 19-09-1994
Name of Chargee: PERWIRA AFFIN BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 3,590,000.00
Date of Creation: 07-11-1994
Name of Chargee: OCBC BANK MALAYSIA BERHAD
Charge Status: FULLY RELEASED
Total of Charge: 3,590,000.00
Date of Creation: 07-11-1994
Name of Chargee: OCBC BANK MALAYSIA BHD
Charge Status: FULLY RELEASED
Total of Charge: 12,460,000.00
Date of Creation: 29-11-1994
Name of Chargee: OCBC BANK MALAYSIA BERHAD Charge Status: UNSATISFIED
Total of Charge: 500,000.00
Date of Creation: 09-01-1995
Name of Chargee: PUBLIC BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 880,000.00
Date of Creation: 31-03-1995
Name of Chargee: UNITED OVERSEAS BANK MALAYSIA BHD Charge Status: UNSATISFIED
Total of Charge: 880,000.00
Date of Creation: 31-03-1995
Name of Chargee: UNITED OVERSEAS BANK MALAYSIA BHD Charge Status: UNSATISFIED
Total of Charge: 550,000.00
Date of Creation: 22-05-1995
Name of Chargee: PUBLIC BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 1,100,000.00
Date of Creation: 23-05-1995
Name of Chargee: ORIENTAL BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 1,000,000.00
Date of Creation: 23-05-1995
Name of Chargee: ORIENTAL BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 1,000,000.00
Date of Creation: 23-05-1995
Name of Chargee: ORIENTAL BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 1,100,000.00
Date of Creation: 23-05-1995
Name of Chargee: ORIENTAL BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 2,000,000.00
Date of Creation: 23-05-1995
Name of Chargee: ORIENTAL BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 2,000,000.00
Date of Creation: 23-05-1995
Name of Chargee: ORIENTAL BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 1,200,000.00
Date of Creation: 28-08-1995
Name of Chargee: OCBC BANK MALAYSIA BERHAD Charge Status: UNSATISFIED
Total of Charge: 1,000,000.00
Date of Creation: 09-10-1995
Name of Chargee: PUBLIC BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 9,500,000.00
Date of Creation: 18-12-1995
Name of Chargee: EON BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 2,225,800.00
Date of Creation: 16-04-1996
Name of Chargee: HONG LEONG FINANCE BERHAD Charge Status: FULLY SATISFIED
Total of Charge: OPEN CHARGE Date of Creation: 03-05-1996
Name of Chargee: HONGKONG BANK MALAYSIA BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 3,600,000.00
Date of Creation: 25-04-1996
Name of Chargee: HONG LEONG BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 1,300,000.00
Date of Creation: 16-09-1996
Name of Chargee: PUBLIC BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 240,000.00
Date of Creation: 31-10-1996
Name of Chargee: HONG LEONG BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 600,000.00
Date of Creation: 17-12-1996
Name of Chargee: OCBC BANK MALAYSIA BERHAD Charge Status: UNSATISFIED
Total of Charge: 600,000.00
Date of Creation: 27-12-1996
Name of Chargee: OCBC BANK MALAYSIA BERHAD Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE Date of Creation: 13-03-1997
Name of Chargee: HONG LEONG BANK BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 3,400,000.00
Date of Creation: 16-10-1997
Name of Chargee: ARABMALAYSIAN BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 1,200,000.00
Date of Creation: 28-11-1997
Name of Chargee: HONGKONG BANK MALAYSIA BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 600,000.00
Date of Creation: 08-05-1998
Name of Chargee: PUBLIC BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 35,207,000.00
Date of Creation: 08-07-1998
Name of Chargee: ORIENTAL BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 23,207,000.00
Date of Creation: 08-07-1998
Name of Chargee: ORIENTAL BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 1,200,000.00
Date of Creation: 06-08-1998
Name of Chargee: OCBC BANK MALAYSIA BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 2,300,000.00
Date of Creation: 30-11-1998
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE Date of Creation: 03-06-1999
Name of Chargee: HSBC BANK MALAYSIA BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 1,500,000.00
Date of Creation: 09-12-1999
Name of Chargee: SOUTHERN BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 4,000,000.00
Date of Creation: 05-06-2000
Name of Chargee: SOUTHERN BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 828,000.00
Date of Creation: 01-06-2001
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: 714,000.00
Date of Creation: 01-06-2001
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD Charge Status: UNSATISFIED
Total of Charge: 9,500,000.00
Date of Creation: 10-01-2002
Name of Chargee: EON BANK BERHAD Charge Status: FULLY SATISFIED
Total of Charge: 6,000,000.00
Date of Creation: 19-10-2006
Name of Chargee: HSBC BANK MALAYSIA BERHAD AS SECURITY AGENT FOR HSBC AMANAH MALAYSIA BERHAD AND ITSELF
Charge Status: UNSATISFIED
Total of Charge: 20,700,000.00
Date of Creation: 06-11-2007
Name of Chargee: EON BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE Date of Creation: 26-11-2007
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE Date of Creation: 15-05-2008
Name of Chargee: STANDARD CHARTERED BANK MALAYSIA BERHAD Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE Date of Creation: 08-06-2010
Name of Chargee: HONG LEONG BANK BERHAD Charge Status: UNSATISFIED
Total of Charge: 250,000.00
Date of Creation: 04-03-1989
Name of Chargee: HSBC BANK MALAYSIA BERHAD Charge Status: FULLY SATISFIED
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 3.14 as of 01-12-2011
Summarized Financial Information
|
Consolidation
type : |
Consolidated |
Consolidated |
|
Currency : |
Malaysia, Ringgit (MYR) |
Malaysia, Ringgit (MYR) |
|
Denomination : |
(x1) One |
(x1) One |
|
Date of
financial year end : |
30/06/10 |
30/06/09 |
|
Length of
accounts : |
12 months |
12 months |
|
Sale turnover /
Income : |
132,595,719 |
122,557,623 |
|
Gross profit : |
11,852,870 |
11,218,318 |
|
Profit before
tax : |
2,045,426 |
1,596,310 |
|
Net income : |
415,281 |
957,182 |
|
Non current
assets : |
73,777,149 |
64,011,777 |
|
Current assets : |
46,382,064 |
44,142,911 |
|
Inventories : |
8,153,648 |
12,747,891 |
|
Total assets : |
120,159,213 |
108,154,688 |
|
Current
liabilities : |
58,744,208 |
56,297,472 |
|
Non current
liabilities : |
29,862,097 |
18,155,447 |
|
Total liabilities : |
88,606,305 |
74,452,919 |
|
Share equity : |
31,552,908 |
33,701,769 |
|
Retained earning : |
8,244,043 |
10,079,266 |
OPERATION DETAILS
Main activities : The Subject is engaged in import, export and distribution of groceries food products.
Product & services : Canned Food
Seafood Dried Food Herbs Products Preserved Food Sundry Products Tea
Beans
Noodle
Purchases
International : China, Japan, South Korea, Taiwan, Thailand, Vietnam, Canada, India, United States
Sales
Local : Yes
International : Thailand, Indonesia and Singapore
Property & Assets
Premises : The Subject operates from premises located at the verified heading address consisting of warehouse and administrative office.
Branches : None reported.
Other property : Total NBV of property, plant and equipment as of 30-06-2010 was USD
72,637,699.
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 November 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 rate : 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%, Hong
Kong 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, Credit up to 90 days
International : L/C, D/P, Credit up to 90 days
Sales Term
Local : Prepayment, 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.49.65 |
|
|
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.05 |
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.