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Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
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Name : |
RAFI TEXTILES |
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Registered Office : |
No.
23 Jalan Tunku Abdul Rahman, |
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Country : |
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Date of Incorporation : |
30.08.2010 |
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Com. Reg. No.: |
001977540-A |
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Legal Form : |
Partnership |
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Line of Business : |
engages in import, wholesale and distribution of textile
and fabrics products |
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No. of Employees : |
3 |
RATING & COMMENTS
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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 |
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Status : |
Small company |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject
name : RAFI TEXTILES
Business
address : No. 23 Jalan Tunku Abdul
Rahman
Town :
Kuala Lumpur
Province
: Wilayah Persekutuan
Zip/postal
code : 50100
Country
: Malaysia
Tel : +60 3 26976988
Fax : +60 3 26976988
Registered
address : No. 23 Jalan Tunku Abdul
Rahman
Town :
Kuala Lumpur
Province
: Wilayah Persekutuan
Zip/postal
code : 50100
Country
: Malaysia
Executive
Summary
Date
founded or registered : 30/08/2010
Legal
form : Partnership
Chief
executive : Azman
Bin Bayan
Issued
& paid up capital : Not
required
Line
of business : Import,
wholesale and distribution of textile and fabrics products.
Staff employed : 3 employees
Country
risk : Country
risk is minimal
Operation
trend : Operational
trend is in start-up phase
Management
experience : Management is
modestly experienced
Financial
performance : Financial
performance is undetermined
Organization
structure : Organizational
structure is acceptable
Detrimental
: No detrimental records
found
Payment
history : No payment
delays noted
Registry Data
Registration
date : 30/08/2010
Legal
form : Partnership
Registration
no 001977540-A
Registered
authority : Companies
Commission of Malaysia
Registry
status : Live/Active
Previous
name : None
reported.
Change of legal form : None reported.
Key Management
Name :
Azman
Bin Bayan
Designation
: Managing
Director
Appointments
Name :
Azman Bin Bayan
Designation
: Director
Identification
no : 690121-12-6015
Appointment
date : 30/08/10
Address
: No. 23 Jalan Tunku
Abdul Rahman
50100 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Biography
: Date Of Birth: 21-01-1969
Gender:
Male
Nationality:
Malaysian Citizen
Name :
Rafi Bin Hazrat
Designation
: Director
Identification
no : 710601-12-6191
Appointment
date : 23/02/11
Address
: No. 23 Jalan Tunku
Abdul Rahman
50100 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Biography
: Date Of Birth:
01-06-1971
Gender:
Male
Nationality:
Malaysian Citizen
Staff employed : 3 employees
Composition
Authorized
Capital : Not required
Issued
capital : Not required
Paid
up capital : Not required
How
listed : Full List
Composition
Shareholder
name : Azman Bin Bayan
Address
: No. 23 Jalan Tunku
Abdul Rahman
50100 Kuala Lumpur
Wilayah Persekutuan
Malaysia
% of shares : 50%
Shareholder
name : Rafi Bin Hazrat
Address
: No. 23 Jalan Tunku Abdul Rahman
50100 Kuala Lumpur
Wilayah Persekutuan
Malaysia
% of
shares : 50%
Structure
Related
companies and corporate
affiliations
comments
:
None reported.
Bank Details
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.
Description
Comments
: Partnership companies are not required to disclose their financial
information to the public.
Main activities : The
Subject engages in import, wholesale and distribution of textile and fabrics
products.
Product
& services : Chinese silk
Korean Silk
Thai Silk
Italian silk
Purchases
International
: China, South Korea,
India, Italy, Indonesia, Thailand
Sales
Local
: Yes
International
: No exports.
Property & Assets
Premises : The Subject operates from premises located at the
verified heading address consisting of retail shop and administrative office.
Branches : None reported.
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Central
Bank of Malaysia
Reserve
of foreign exchange & gold : US$
136.0 billion as of 15 June 2012
Gross
domestic product - GDP : US$
305.826 billion
GPP
(Purchasing power parity) : 472.942
billion of International dollars
GDP
per capita - current prices : US$
10,467
GDP -
composition by sector : agriculture:
10.2%
industry: 42.1%
services: 47.8%
Inflation
: 2009:
0.6%
2010: 1.7%
2011: 3.2%
Unemployment
rate : 2009:
55.4%
2010: 52.9%
2011: 52.6%
Public
debt
(General
Government gross debt as
a %
GDP)
: 2009: 3.7%
2010: 3.4%
2011: 3.2%
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$255.952 billion
Largest
companies in the country : Maybank
(Major Banks), CIMB Group Holdings (Regional Banks), Tenaga
Nasional
(Electric Utilities), Public Bank (Regional Banks), Genting
(Casinos
& Gaming)
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
: 2008:
US$7,172 million
2009: US$1,430 million
2010:
US$9,103 million
FDI Outflows : 2008:
US$14,965 million
2009:
US$7,930 million
2010: US$13,329 million
Best
countries for doing business : 21
out of 183 countries
Global
competitiveness ranking : 21
(ranking by country on a basis of 142, the first is the best)
Country and Population Overview
Total
population : 28.23
million
Total
area : 329,847
km2
Capital
: Kuala
Lumpur
Currency
: Ringgits
(MYR)
Internet
users as % of total
population
:
55.3%
Purchase Term
International
: Prepayment,
Telegraphic transfer, Credit 30-60 days
Sales Term
Local
: Prepayment,
Bank transfer, 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.91 |
|
|
1 |
Rs.88.90 |
|
Euro |
1 |
Rs.56.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.