|
Report Date : |
19.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
J. R. AUTO OIL SEALS SDN BHD |
|
|
|
|
Registered Office : |
No. 249 & 251, Jalan Selingsing 7, Titian Waris Business Park, Off Jalan Kuching, Kuala Lumpur, Wilayah Persekutuan, 51200 |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2005 |
|
|
|
|
Date of Incorporation : |
26.02.1986 |
|
|
|
|
Com. Reg. No.: |
151324-M |
|
|
|
|
Legal Form : |
Private Company Limited By Shares |
|
|
|
|
Line of Business : |
Importer and Distributor of Automotive Seals. |
|
|
|
|
No. of Employees : |
50 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 160,000 |
|
Status : |
Moderate |
|
Payment Behaviour : |
No complaints |
|
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject name : J. R. AUTO OIL SEALS SDN BHD
Business address : No. 249 & 251
Jalan Selingsing 7
Titian Waris Business Park
Off Jalan Kuching
Town : Kuala Lumpur
Province : Wilayah Persekutuan
Zip/postal code : 51200
Country : Malaysia
Tel : +60 3 62583555
Fax : +60 3 62510108
Email : enquiry@jrauto.com.my
Website : www.jrauto.com.my
Registered address : C/o T.L. YEW ADVISORY SDN. BHD.
Unit A-3A-2, 4th Floor
Wisma Yoon Cheng
No. 726, Batu 4 1/2 Off Jalan Ipoh
Town : Kuala Lumpur
Province : Wilayah Persekutuan
Zip/postal code : 51200
Country : Malaysia
Date founded or registered : 26/02/1986
Legal form : Private Company Limited By Shares
Chief executive : Goh Seng Wei
Issued & paid up capital : MYR 2,500,000
Sales turnover : MYR 17,428,980 (Consolidated 12 months, 30/06/2005)
Net income : MYR 1,211,288 (Consolidated 12 months, 30/06/2005)
Total fixed assets : MYR 20,572,148 (Consolidated 12 months, 30/06/2005)
Line of business : Importer and distributor of automotive seals.
Staff employed : 50 employees
Country risk : Country risk is minimal
Operation trend : Operational trend is steady
Management experience : Management is adequately experienced
Financial performance : Financial performance is fair
Organization structure : Organizational structure is stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount suggestion : USD 160,000
Credit amount asked : Not described.
Registration date : 26/02/1986
Legal form : Private Company Limited By Shares
Registration no 151324-M
Registered authority : Companies Commission of Malaysia
Registry status : Live/Active
Previous name : None reported.
Change of legal form : None reported.
Name : Goh Seng Wei
Designation : Managing Director
Name : Lee Har
Designation : Director
Name : Kung Swee Chai
Designation : Director
Name : Kok Choong Hin
Designation : Director
Name : Chan Chee Leong
Designation : Director
Appointments
Name : Lee Har
Designation : Director
Identification no : 560208-08-5441
Appointment date : 07/04/86
Address : C/o J. R. AUTO OIL SEALS SDN BHD
No.249 & 251
Jalan Selingsing 7
Titian Waris Business Park
Off Jalan Kuching
51200 Kuala Lumpur
Malaysia
Name : Kung Swee Chai
Designation : Director
Identification no : 600205-08-5327
Appointment date : 07/04/86
Address : 15, Jalan Zahir 22
Taman Malim Jaya
75250 Melaka
Malaysia
Name : Goh Seng Wei
Designation : Director
Identification no : 600909-08-5253
Appointment date : 26/02/86
Address : No. 49, Jalan Bistari
Parkcity Heights, Desa Park City
Kepong
52200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name : Kok Choong Hin
Designation : Director
Identification no : 560317-08-5803
Appointment date : 07/04/86
Address : No. 23 Jalan BRP 4/10
Bukit Rahman Putra
40160 Shah Alam
Selangor Darul Ehsan
Malaysia
Name : Chan Chee Leong
Designation : Director
Identification no : 561017-08-5347
Appointment date : 07/04/86
Address : 19, Jalan Desa Anggun 3
Amelia, Desa Park City
Kepong
52200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name : Yock Eng
Designation : Company Secretary
Identification no : 581012-10-6258
Appointment date : 30/03/04
Address : No. 51 Jalan Rimbunan
Melati 2, Laman Rimbunan
Kepong
52100 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Staff employed : 50 employees
Key Advisors
Auditors : SH TAN & PARTNER
26-3, Jalan 4/62D
Medan Putra Business Centre
Bandar Menjalara
Kepong
Kuala Lumpur 52200
Malaysia
Composition
Authorized Capital : MYR 5,000,000
No of shares : 5,000,000 Ordinary Shares
Share par value : MYR 1
Issued capital : MYR 2,500,000
Paid up capital : MYR 2,500,000
Changed in capital : The Subject increased its share capital from MYR 1,000,000 to MYR 5,000,000
on 20-06-2002.
How listed : Full List
Composition
Shareholder name : Chan Chee Leong
Address : 19, Jalan Desa Anggun 3
Amelia, Desa Park City
Kepong
52200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
No. of shares : 386,005 Ordinary Shares
Shareholder name : Kung Swee Chai
Address : 15, Jalan Zahir 22
Taman Malim Jaya
75250 Melaka
Malaysia
No. of shares : 259,296 Ordinary Shares
Shareholder name : Lee Har
Address : C/o J. R. AUTO OIL SEALS SDN BHD
No.249 & 251
Jalan Selingsing 7
Titian Waris Business Park
Off Jalan Kuching
51200 Kuala Lumpur
Malaysia
No. of shares : 566,976 Ordinary Shares
Shareholder name : Goh Seng Wei
Address : No. 49, Jalan Bistari
Parkcity Heights, Desa Park City
Kepong
52200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
No. of shares : 952,979 Ordinary Shares
Shareholder name : Kok Choong Hin
Address : No. 23 Jalan BRP 4/10
Bukit Rahman Putra
40160 Shah Alam
Selangor Darul Ehsan
Malaysia
No. of shares : 334,744 Ordinary Shares
Structure
Name : D. R. SEALS SDN. BHD.
Affiliation type : Wholly-owned Subsidiary
Address : No. 279, Jln Kip 3
Taman Perindustrian Kip
Kepong
52200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name : J. R. SEAL TECHNOLOGY (M) SDN. BHD.
Affiliation type : Associate
Address : No.253, Jalan Selingsing 7
Titian Waris Business Park
Off Jalan Kuching
51200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name : J. R. OIL SEALS (MELAKA) SDN. BHD.
Affiliation type : Associate
Address : No. 26A, Jalan Berkat 5
Taman Malim Jaya
75250 Melaka
Malaysia
Name : J. R. PERFECT GASKET SDN. BHD.
Affiliation type : Associate
Address : 14,Jalan 3/46A
Off Jalan Selingsing 7
Titian Waris Business Park
Taman Niaga Waris
51200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name : J. R. AUTO OIL SEALS (PW) SDN. BHD.
Affiliation type : Associate
Address : No.18, Jalan Bagan Baru Satu
Off Jalan Heng Choon Thian
12000 Butterworth
Penang
Malaysia
Name : JRP SDN. BHD.
Affiliation type : Associate
Address : No.24, Jalan Bagan Baru Satu
Off Jalan Heng Choon Thian
12000 Butterworth
Penang
Malaysia
Name : J. R. AUTO OIL SEALS (KLANG) SDN. BHD.
Affiliation type : Associate
Address : No.14 & 16, Jalan Kuda 1/Ku 1
Off Jalan Bukit Kuda
41300 Klang
Selangor Darul Ehsan
Malaysia
Name : J. R. AUTO OIL SEALS (JOHOR) SDN. BHD.
Affiliation type : Associate
Address : No 5 & 5-01, Jalan Rosmerah 2/2
Taman Johor Jaya
81100 Johor Bahru
Johor Darul Takzim
Malaysia
Name : J. R. OIL SEALS (IPOH) SDN. BHD.
Affiliation type : Associate
Address : No.67, Jalan Bendahara
31650 Ipoh
Perak
Name : PARJET SEALS SDN. BHD.
Affiliation type : Associate
Address : No. 279, Jln Kip 3
Taman Perindustrian Kip
Kepong
52200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Bank Details
Name of bank : Alliance Bank Malaysia Berhad
Address : Malaysia
Account details : Curent Account
Name of bank : Hong Leong Bank Berhad
Address : Malaysia
Account details : Curent 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: 180,000.00
Date of Creation: 23-06-1990
Name of Chargee: HOCK HUA BANK SABAH BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 100,000.00
Date of Creation: 14-08-1992
Name of Chargee: HOCK HUA BANK SABAH BHD
Charge Status: UNSATISFIED
Total of Charge: 30,000.00
Date of Creation: 19-03-1993
Name of Chargee: HOCK HUA BANK SABAH BHD
Charge Status: FULLY SATISFIED
Total of Charge: 360,000.00
Date of Creation: 12-05-1994
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: 500,000.00
Date of Creation: 12-08-1996
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: 200,000.00
Date of Creation: 02-09-1996
Name of Chargee: HOCK HUA BANK SABAH BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 340,000.00
Date of Creation: 04-09-1996
Name of Chargee: HONG LEONG BANK BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 200,000.00
Date of Creation: 09-06-1997
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: 360,000.00
Date of Creation: 18-06-1997
Name of Chargee: HONG LEONG BANK BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 125,000.00
Date of Creation: 30-09-1997
Name of Chargee: ARABMALAYSIAN BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 118,000.00
Date of Creation: 30-09-1997
Name of Chargee: ARABMALAYSIAN BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 200,000.00
Date of Creation: 03-07-2000
Name of Chargee: INTERNATIONAL BANK MALAYSIA BHD
Charge Status: UNSATISFIED
Total of Charge: 650,000.00
Date of Creation: 01-11-2000
Name of Chargee: SOUTHERN BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 1,650,000.00
Date of Creation: 03-01-2002
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: 1,000,000.00
Date of Creation: 16-08-2002
Name of Chargee: ALLIANCE BANK MALAYSIA BHD
Charge Status: UNSATISFIED
Total of Charge: 1,000,000.00
Date of Creation: 18-09-2002
Name of Chargee: ALLIANCE BANK MALAYSIA BHD
Charge Status: UNSATISFIED
Total of Charge: 950,000.00
Date of Creation: 01-06-2004
Name of Chargee: CIMB BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 2,935,000.00
Date of Creation: 26-07-2004
Name of Chargee: ALLIANCE ISLAMIC BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 2,141,300.00
Date of Creation: 26-07-2004
Name of Chargee: ALLIANCE ISLAMIC BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 962,325.00
Date of Creation: 26-07-2004
Name of Chargee: ALLIANCE ISLAMIC BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 430,000.00
Date of Creation: 20-05-2005
Name of Chargee: PUBLIC BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 1,000,000.00
Date of Creation: 29-06-2005
Name of Chargee: CIMB BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: 500,000.00
Date of Creation: 26-09-2005
Name of Chargee: AMBANK (M) BERHAD
Charge Status: UNSATISFIED
Total of Charge: 500,000.00
Date of Creation: 22-02-2006
Name of Chargee: HONG LEONG BANK BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 15-05-2006
Name of Chargee: OCBC BANK (MALAYSIA) BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 28-09-2007
Name of Chargee: HONG LEONG BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 21-01-2008
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 11-03-2008
Name of Chargee: HONG LEONG BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 17-09-2009
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 17-09-2009
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 17-09-2009
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 17-09-2009
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 17-09-2009
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 17-09-2009
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 13-06-2011
Name of Chargee: ALLIANCE BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 24-06-2011
Name of Chargee: HONG LEONG BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 12-10-2011
Name of Chargee: HONG LEONG BANK BERHAD
Charge Status: UNSATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 23-12-2011
Name of Chargee: PUBLIC BANK BERHAD
Charge Status: UNSATISFIED
Legal Fillings
Bankruptcy fillings : None reported.
Court judgements : None reported.
Tax liens : None reported.
Others : None reported.
Description
Source of financial statement : Commercial Registry Filings
Financial statement date : 30/06/05
Type of accounts : Full audited
Currency : Malaysia, Ringgit (MYR)
Exchange rate : 1 USD = MYR 3.05 as of 15-03-2012
Consolidation type : Consolidated Consolidated
Currency : Malaysia, Ringgit (MYR) Malaysia, Ringgit (MYR)
Denomination : (x1) One (x1) One
Date of financial year end : 30/06/05 30/06/04
Length of accounts : 12 months 12 months
Sale turnover / Income : 17,428,980 14,048,517
Operating profit : 2,005,562 846,900
Profit before tax : 1,653,613 649,853
Net income : 1,211,288 443,439
Non current assets : 8,207,125 7,953,572
Current assets : 12,365,023 8,837,048
Inventories : 3,262,637 1,643,590
Total assets : 20,572,148 16,790,620
Current liabilities : 12,032,934 10,381,018
Non current liabilities : 2,370,854 1,902,530
Total liabilities : 14,403,788 12,283,548
Share equity : 6,168,360 4,507,072
Retained earning : 4,168,360 2,957,072
Comments : The Subject has been exempted from revealing their financials since 2006. The
Subject filed for the certificate of exemption private company and their accountants states that all liabilities are in good manner.
Main activities : The Subject is engaged in import and distribution of automotive seals such
as oil seal, hydraulic seal, industrial seal and oil ring.
Product & services : - General mechanical cylinder appropriative seal
- Engineering machinery appropriative seal
- Pneumatic Cylinder appropriative seal
- Automotive Seal
- Hydraulic pump high pressure appropriative seal
- Metallurgy appropriative seal
Brand : NOK, CORTECO, NANTEC, PARKER, MUSASHI, HST, VALQUA, KOYO,
CR, SAKAGAMI, ARS, DLI, NDK, DPH, POS & JRS
Purchases
International : Asian countries, Europe
Sales
Local : Yes
International : Asian countries
Property & Assets
Premises : The Subject operates from premises located at the verified heading
address consisting of warehouse and administrative office.
Branches : In addition, the Subject operates from branch office located at:
No.45-G, Jln OP 1/2
Pusat Perdagangan One Puchong
Off Jalan Puchong
47160 Puchong
Selangor Darul Ehsan
Malaysia
Tel: +60 3 80752933
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 : Prepayment, Telegraphic transfer, D/P, Credit 30-60 days
Sales Term
Local : Prepayment, Bank transfer, Credit 30-60 days
International : Prepayment, Telegraphic transfer, D/P, 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.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.