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Report Date : |
19.03.2012 |
IDENTIFICATION DETAILS
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Name : |
BARDIA BAKERY SDN. BHD. |
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Formerly Known As : |
BARDIA BIKERY SDN. BHD. |
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Registered Office : |
10-25 Windsor Tower, Plaza Damas, Jalan Sri Hartamas 1, Kuala Lumpur, Wilayah Persekutuan, 50480 |
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Country : |
Malaysia |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
16.03.2009 |
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Com. Reg. No.: |
849956-K |
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Legal Form : |
Private Company Limited By
Shares |
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Line of Business : |
Information Technology, Network and Software Development
Solutions Provider. |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 110,000 |
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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 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject name : BARDIA
BAKERY SDN. BHD.
Other style / Business name : BARDIA BIKERY SDN. BHD.
Business address : 10-25 Windsor
Tower
Plaza Damas, Jalan Sri Hartamas 1
Town : Kuala Lumpur
Province : Wilayah
Persekutuan
Zip/postal code : 50480
Country : Malaysia
Tel : +60 3 62113787 /
+60 133787153
Fax : +60 3 62113787
Email : bardiabco@gmail.com
Registered address : C/o NOVA CORPORATE
CONSULTANCY SDN. BHD.
Suite 6B-2, 6th Floor, Wisma YPR
Lorong Kapar Off Jalan Syed Putra
Town : Kuala Lumpur
Province : Wilayah
Persekutuan
Zip/postal code : 58000
Country : Malaysia
Comments : Official
documents shows the Subject is registered under the name BARDIA BAKERY SDN.
BHD. however the representative contacted Mr. Massih advised there was a
mistake done while registering the Subject. He advised that steps are already
taken to change the name to BARDIA BIKERY SDN. BHD. This has yet to be shown at
the Companies Commission of Malaysia.
Executive Summary
Date founded or registered : 16/03/2009
Legal form : Private
Company Limited By Shares
Chief executive : Talati Ali
Issued & paid up capital : MYR 500,000
Sales turnover : USD 2,532,000
(Non-consolidated 12 months, 31/12/2011)
Net income : USD
668,035 (Non-consolidated 12 months, 31/12/2011)
Total fixed assets : USD 1,304,790
(Non-consolidated 12 months, 31/12/2011)
Line of business : Information
technology, network and software development solutions provider.
Staff employed : 15
( Web Developer 2 / Accountant 1 / Sales Dept. 2 / Technical Support and Network
Section 2 / Software Developer 2 / Marketing Manager 2 / Security 1 /Manager 2
/ Driver 1)
Country risk : Country risk is
minimal
Operation trend : Operational trend is
progressing
Management experience : Management is modestly experienced
Financial performance : Financial performance is fair
Organization structure : Organizational structure is
acceptable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 110,000
Credit amount asked : Not described
Registry Data
Registration date : 16/03/2009
Legal form : Private Company
Limited By Shares
Registration no 849956-K
Registered authority : Companies Commission of Malaysia
Registry status : Live/Active
Previous name : The
Subject is in the process to change their name from Bardia Bakery Sdn. Bhd. to
Bardia Bikery Sdn. Bhd.
Key Management
Name : Talati Ali
Designation : Managing Director
Name : Mohamed Rizal Bin Mohamed Rafi
Designation : Director
Name : Bahrami Khashaiar Ziyaodin
Designation : Director
Name : Aria Nejad Reza
Designation : Director
Appointments
Name : Talati Ali
Designation : Director
Identification no : H10342084
Appointment date : 16/03/09
Address : D-01-02 A, Sunway
Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul
Eshan
Malaysia
Biography : Nationality: Iranian
Birth Date: 03-05-1989
Name : Mohamed Rizal Bin Mohamed
Rafi
Designation : Director
Identification no :
870424-14-5035
Appointment date : 16/03/09
Address : 0749, Jalan J 15
Fasa 6 Taman Melawati
51000 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Biography : Nationality:
Malaysian
Birth Date: 24-04-1987
Name : Bahrami Khashaiar
Ziyaodin
Designation : Director
Identification no : X10005890
Appointment date : 16/03/09
Address : D-01-02 A, Sunway
Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul
Eshan
Malaysia
Biography : Nationality: Iranian
Birth Date: 12-12-1969
Name : Aria Nejad Reza
Designation : Director
Identification no : R1459852
Appointment date : 16/03/09
Address : D-01-02 A, Sunway
Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul
Eshan
Malaysia
Biography : Nationality: Iranian
Birth Date: 13-12-1980
Name : Laletha Subramaniam
Designation : Company Secretary
Identification no :
721023-14-5342
Appointment date : 16/03/09
Address : A-11-9, Bayu Tasik
Condo 1
Jalan Sri Permaisuri 5
Bandar Seri Permaisuri
56000 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Biography : Nationality:
Malaysian
Staff employed : 15 ( Web
Developer 2 / Accountant 1 / Sales Dept. 2 / Technical Support and Network
Section 2 / Software Developer 2
/ Marketing Manager 2 / Security 1 / Manager 2 /
Driver 1)
Composition
Authorized Capital : MYR 500,000
No of shares : 500,000 Ordinary
Shares
Share par value : MYR 1
Issued capital : MYR 500,000
Paid up capital : MYR 500,000
How listed : Full List
Composition
Shareholder name : Talati Ali
Address : D-01-02 A,
Sunway Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul Eshan
Malaysia
No. of shares : 175,000 Ordinary
Shares
Shareholder name : Mohamed Rizal Bin Mohamed
Rafi
Address : 0749, Jalan J
15
Fasa 6 Taman Melawati
51000 Kuala Lumpur
Wilayah Persekutuan
Malaysia
No. of shares : 175,000 Ordinary
Shares
Shareholder name : Bahrami Khashaiar Ziyaodin
Address : D-01-02 A,
Sunway Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul Eshan
Malaysia
No. of shares : 75,000 Ordinary Shares
Shareholder name : Aria Nejad Reza
Address : D-01-02 A,
Sunway Sutera Condo
Jalan Tropicana Utara, PJU 3
Sunway Damansara 47810
Petaling Jaya, Selangor Darul Eshan
Malaysia
No. of shares : 75,000 Ordinary
Shares
Structure
Related companies and corporate
affiliations comments
: None reported.
Bank Details
Name of bank : Malayan Banking Berhad
(Maybank)
Address : Malaysia
Account details : Current Account
Name of bank : AmBank Berhad
Address : Malaysia
Account details : Current Account
Name of bank : Hong Leong Bank Berhad
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
Source of financial statement : Provided by the Subject
Financial statement date : 31/12/11
Type of accounts : Summarised
audited
Currency : US
Dollar (USD)
Consolidation type : Non Consolidated Non Consolidated Non Consolidated
Currency : US
Dollar (USD) US Dollar (USD) US Dollar (USD)
Denomination : (x1) One (x1) One (x1) One
Date of financial year end : 31/12/11 31/12/10 31/12/09
Length of accounts : 12 months 12 months 10 months
Sale turnover / Income : 2,532,000 1,931,410 1,221,800
Profit before tax : 878,993 703,562 534,362
Net income : 668,035
534,707 406,115
Total assets : 1,304,790
1,302,763 890,435
Total liabilities : 137,600 217,241 141,033
Share equity : 1,167,190
1,085,522 749,402
Reserve :
Comments : The
Subject has yet to filed any financial statement at the registry therefore
weare unable to obtain any audited financial information.
The
financial information was provided by the representative of the Subject Mr. Massih.
Main activities : The Subject
main activities are information technology, network and
software development solutions provider.
Product & services : IT solutions
Network Solutions
RFID Solutions
Accounting Software
Home Automation
Software Development
Web Site Development
Data Center Solutions
Office Automation Solutions
BMS Solutions
Purchases
International : Iran,
India and China
Sales
Local : Yes
International : Canada,
GCC, Pakistan and Iraq
Property & Assets
Premises : The
Subject operates from the verified heading address consisting of
administrative office covering 1,300 square feet of rented
area.
Branches : None
reported.
Gross Domestic Products (GDP)
& Economic Overview
Central bank : Central
Bank of Malaysia
Reserve of foreign exchange
& gold : US$ 134.08
billion as of 31 January 2012
Gross domestic product - GDP : US$ 247.781 billion
GPP (Purchasing power parity) : US$ 442.01 billion of
International dollars
GDP per capita - current prices
: US$ 8,624
GDP - composition by sector : agriculture: 10.2%
industry: 42.1%
services: 47.8%
Inflation : 2008:
5.4%
2009: 0.6%
2010: 1.7%
2011: 2.8%
Unemployment rate : 2008:
3.3%
2009: 3.6%
2010: 3.3%
2011: 3.2%
Public debt
(General Government gross debt
as
a % GDP)
: 2008: 42.8%
2009: 55.4%
2010: 54.2%
2011: 55.1%
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 Berhad (Banking), Maybank
(Banking), Tenaga Nasional
Berhad(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 :
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 : Malaysia
Ringgits (MYR)
Internet users as % of total
population
: 55.3%
Purchase Term
International : Cash against
document, T/T, Draft Usance
Sales Term
International : Cash, Draft L/C
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.50.31 |
|
|
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
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.