|
Report Date : |
09.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
WI-BIT NETWORKS SDN BHD |
|
|
|
|
Registered Office : |
19-3,Jalan Tasik Selatan 3, Bandar |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
16.10.2002 |
|
|
|
|
Com. Reg. No.: |
596001-P |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trading of fertilizers |
|
|
|
|
No. of Employees : |
10 [2012] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
* Adopted abbreviations
:
SC - Subject
Company (the company enquired by you)
N/A - Not
Applicable
|
REGISTRATION NO. |
: |
596001-P |
|
COMPANY NAME |
: |
WI-BIT NETWORKS SDN BHD |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
16/10/2002 |
|
|
|
|
|
|
|
|
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL STATUS |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
|
|
|
|
REGISTERED ADDRESS |
: |
19-3,JALAN TASIK SELATAN 3, BANDAR TASIK SELATAN, 57000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
BUSINESS ADDRESS |
: |
WISMA LIM FOO YONG, SUITE A12-01, 86, JALAN RAJA CHULAN, 50200 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
TEL.NO. |
: |
03-21424106 |
|
FAX.NO. |
: |
03-21424105 |
|
CONTACT PERSON |
: |
SHIVALI ( DIRECTOR ) |
|
INDUSTRY CODE |
: |
51491 |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF FERTILIZERS |
|
AUTHORISED CAPITAL |
: |
MYR 100,000.00 DIVIDED INTO |
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 100,000.00 DIVIDED INTO |
|
SALES |
: |
MYR 26,758,895 [2010] |
|
NET WORTH |
: |
MYR <65,985> [2010] |
|
STAFF STRENGTH |
: |
10 [2012] |
|
BANKER (S) |
|
MALAYAN BANKING BHD |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER CHECK |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
POOR |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT CAPABILITY |
: |
WEAK |
|
COMMERCIAL RISK |
: |
HIGH |
|
CURRENCY EXPOSURE |
: |
N/A |
|
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 fertilizers.
The SC is not listed on
The major
shareholder(s) of the SC are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MS. TAN MEI LENG |
|
631114-10-6462
7217370 |
50,000.00 |
50.00 |
|
MR. CHIA KOK LAI |
|
621021-10-7029
6978339 |
50,000.00 |
50.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
100,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MS. KOSHILIA A/P JETHANAND |
|
Address |
: |
10, JALAN TITIWANGSA, SETAPAK, 53200 |
|
|
|
|
|
New IC No |
: |
550203-01-5998 |
|
Date of Birth |
: |
03/02/1955 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN INDIAN |
|
Date of Appointment |
: |
29/11/2011 |
DIRECTOR 2
|
Name Of Subject |
: |
MS. SHIVALI VIJAY TIRATHRAI |
|
Address |
: |
10, JALAN TITIWANGSA, 53200 |
|
|
|
|
|
New IC No |
: |
730622-75-5016 |
|
Date of Birth |
: |
22/06/1973 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
29/11/2011 |
|
1) |
Name of Subject |
: |
SHIVALI |
|
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
POH & TAN |
|
Auditor' Address |
: |
19-1, JALAN 3/146, BANDAR TASIK SELATAN, 57100 |
|
1) |
Company Secretary |
: |
MS. MALATHEY A/P VELLAISAMY |
|
|
IC / PP No |
: |
5484627 |
|
|
New IC No |
: |
580906-10-5524 |
|
|
Address |
: |
I 15, TAMAN DATO' AHMAD RAZALI, BATU 4 1/2, JALAN AMPANG, 68000
AMPANG, |
|
2) |
Company Secretary |
: |
MS. LIM KOON LIE |
|
|
IC / PP No |
: |
7470806 |
|
|
New IC No |
: |
641122-06-5356 |
|
|
Address |
: |
27, JALAN INDAH 9, TAMAN CHERAS INDAH, 56100 |
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
|
|
|
|
|
|
The SC enjoys normal banking routine with above mentioned banker(s).
No adverse record was found during our investigation. |
No encumbrance was found in our databank at the time of investigation.
* 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
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.
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic Markets |
: |
|
|||
|
Overseas |
: |
NO |
Percentage |
: |
0% |
|
|
|
|
|
|
|
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
FERTILIZERS
|
|
|
|
|
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2012 |
|
|||||||
|
|
|||||||||
|
GROUP |
N/A |
|
|
|
|
|
|
|
|
|
COMPANY |
10 |
|
|
|
|
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The SC is principally engaged in the (as a / as an) trading of
fertilizers.
The SC deals with fertilizers.
The SC sells the products according to its customers' orders.
No projects found in our databank
Latest fresh investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-21424106 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
|
|
Current Address |
: |
WISMA LIM FOO YONG, SUITE A12-01, 86, JALAN RAJA CHULAN, 50200 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
N/A |
|
|
|
|
|
Latest Financial Accounts |
: |
YES |
Other
Investigations
we contacted one of
the staff from the SC and she provided some information on the SC.
|
Profitability |
|
|
|
|
|
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
68.84% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
29.85% |
] |
|
|
|
|
|
|
|
|
|
|
Although the SC's returns showed positive figures it is not reflective
of the true situation. The SC incurred losses during the year and its
shareholders' funds have turned red. The positive returns on shareholders'
funds is the result of losses divided by negative shareholders' funds. The
SC's management was inefficient in utilising the assets to generate returns. |
||||||
|
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.99 Times |
] |
|
|
|
|
|
|
|
|
|
|
Due to its weak liquidity position, the SC will be faced with problems
in meeting all its short term obligations if no short term loan is obtained
or additional capital injected into the SC. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Liability Ratio |
: |
Unfavourable |
[ |
<107.79
Times> |
] |
|
|
|
|
|
|
|
|
|
|
The SC has an unfavourable liabilities ratio and it may face financial
difficulties if no additional capital is injected. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Assessment : |
|
|
|
|
|
|
|
Overall financial condition of the SC : POOR |
||||||
|
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 |
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|
51491 : Wholesale of fertilizers |
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INDUSTRY : |
MANUFACTURING |
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OVERALL INDUSTRY OUTLOOK : Average Growth |
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Incorporated in 2002, the SC is a Private Limited company, focusing on
trading of fertilizers. Having been in the industry for over a decade, the SC
has achieved a certain market share and has built up a satisfactory
reputation in the market. It should have received supports from its regular
customers. With a weak shareholders' backing, the SC's capital position is
weak. Inadequate capital may be a constraint to the SC as it limits its
ability to expand its business in future. The capital standing of the SC is
weak. The SC may face difficulties to expand its business compared to other
large corporation. Without a strong capital, the business expansion opportunities
of the SC is limited. |
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THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
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WI-BIT NETWORKS
SDN BHD |
|
Financial Year End |
31/12/2010 |
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Months |
12 |
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Consolidated Account |
Company |
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Audited Account |
YES |
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Unqualified Auditor's Report (Clean Opinion) |
YES |
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Financial Type |
SUMMARY |
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Currency |
MYR |
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TURNOVER |
26,758,895 |
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---------------- |
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Total Turnover |
26,758,895 |
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---------------- |
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PROFIT/(LOSS) FROM OPERATIONS |
<19,695> |
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---------------- |
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PROFIT/(LOSS) BEFORE TAXATION |
<19,695> |
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Taxation |
<25,732> |
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---------------- |
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PROFIT/(LOSS) AFTER TAXATION |
<45,427> |
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---------------- |
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RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
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As previously reported |
<120,558> |
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---------------- |
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As restated |
<120,558> |
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---------------- |
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PROFIT AVAILABLE FOR APPROPRIATIONS |
<165,985> |
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---------------- |
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RETAINED PROFIT/(LOSS) CARRIED FORWARD |
<165,985> |
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============= |
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WI-BIT NETWORKS
SDN BHD |
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ASSETS EMPLOYED: |
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FIXED ASSETS |
58 |
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TOTAL LONG TERM ASSETS |
58 |
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CURRENT ASSETS |
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TOTAL CURRENT ASSETS |
7,046,394 |
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TOTAL ASSET |
7,046,452 |
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============= |
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CURRENT LIABILITIES |
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TOTAL CURRENT LIABILITIES |
7,112,437 |
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NET CURRENT ASSETS/(LIABILITIES) |
<66,043> |
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---------------- |
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TOTAL NET ASSETS |
<65,985> |
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============= |
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SHARE CAPITAL |
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Ordinary share capital |
100,000 |
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---------------- |
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TOTAL SHARE CAPITAL |
100,000 |
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RESERVES |
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Retained profit/(loss) carried forward |
<165,985> |
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---------------- |
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TOTAL RESERVES |
<165,985> |
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SHAREHOLDERS' FUNDS/EQUITY |
<65,985> |
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---------------- |
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<65,985> |
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============= |
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WI-BIT NETWORKS
SDN BHD |
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TYPES OF FUNDS |
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Net Liquid Assets |
<66,043> |
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Net Current Assets/(Liabilities) |
<66,043> |
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Net Tangible Assets |
<65,985> |
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Net Monetary Assets |
<66,043> |
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BALANCE SHEET ITEMS |
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Total Liabilities |
7,112,437 |
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Total Assets |
7,046,452 |
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Net Assets |
<65,985> |
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Net Assets Backing |
<65,985> |
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Shareholders' Funds |
<65,985> |
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Total Share Capital |
100,000 |
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Total Reserves |
<165,985> |
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LIQUIDITY (Times) |
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Current Ratio |
0.99 |
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SOLVENCY RATIOS (Times) |
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Liabilities Ratio |
<107.79> |
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Assets Backing Ratio |
<0.66> |
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PERFORMANCE RATIO (%) |
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Operating Profit Margin |
<0.07> |
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Net Profit Margin |
<0.17> |
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Return On Net Assets |
29.85 |
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Return On Capital Employed |
29.85 |
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Return On Shareholders' Funds/Equity |
68.84 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.42 |
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1 |
Rs.86.04 |
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Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.