|
Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAMLY FOOD PROCESSING SDN. BHD |
|
|
|
|
Formerly Known As : |
PERUSAHAAN BURGER RAMLY MOKNI SDN. BHD |
|
|
|
|
Registered Office : |
No. 1-4, Jalan 37/10A, Taman Perindustrian IKS, Mukim Batu, Kuala Lumpur, Wilayah Persekutuan 68100 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
1307.1984 |
|
|
|
|
Com. Reg. No.: |
123214-A |
|
|
|
|
Legal Form : |
Private Company Limited By Shares |
|
|
|
|
Line of Business : |
Engages in manufacturing and wholesale of meat products such as burgers, frankfurters and nuggets. |
|
|
|
|
No. of Employees : |
250 Employees |
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 |
|
Status : |
Satisfactory |
|
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 (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 : RAMLY FOOD PROCESSING
SDN. BHD.
Business
address : No. 1-4, Jalan 37/10A
Taman Perindustrian IKS
Mukim Batu
Town :
Kuala Lumpur
Province
: Wilayah Persekutuan
Zip/postal
code : 68100
Country
: Malaysia
Tel : +60 3 61842972
Fax : +60 3 61874924
Email
: rfpsb@ramly.com.my
Website
: www.ramly.com.my
Registered
address : No.1-4 Jalan 37/10A
Taman Perindustrian IKS
Mukim Batu
Town :
Kuala Lumpur
Province
: Wilayah Persekutuan
Zip/postal
code : 68100
Country
: Malaysia
Executive Summary
Date
founded or registered : 13/07/1984
Legal
form : Private
Company Limited By Shares
Chief
executive : Ramly
Bin Mokni
Issued
& paid up capital : MYR
2,000,000
Sales
turnover : MYR 161,876,482 (Non-consolidated 12
months, 31/12/2010)
Net
income : MYR
5,986,570 (Non-consolidated 12 months, 31/12/2010)
Total
fixed assets : MYR
85,413,713 (Non-consolidated 12 months, 31/12/2010)
Line of business : Manufacturing
and wholesale of meat products such as burgers, frankfurters and nuggets.
Staff
employed : 250
employees
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
Registry Data
Registration
date : 13/07/1984
Legal
form : Private
Company Limited By Shares
Registration
no 123214-A
Registered
authority : Companies
Commission of Malaysia
Registry
status : Live/Active
Previous name : The
Subject was established under the name PERUSAHAAN BURGER RAMLY MOKNI SDN. BHD.
and changed to the current style on 11-03-1998.
Change
of legal form : None
reported.
Key Management
Name :
Ramly
Bin Mokni
Designation
: Managing
Director
Appointments
Name :
Ramly
Bin Mokni
Designation
: Director
Identification
no : 540330-08-5703
Appointment
date : 13/07/84
Address
: 19,
Jalan S/12B
Kampung Batu Muda
51200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name :
Shala
Siah Binti Abdul Manap
Designation
: Director
Identification
no : 580923-10-5980
Appointment
date : 23/07/88
Address
: 19,
Jalan S/12B
Kampung Batu Muda
51200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name :
Othamanni
Bin Makni
Designation
: Director
Identification
no : 600215-08-6083
Appointment
date : 21/12/93
Address
: 35,
Jalan 16/146
Bandar Tasik Selatan
Sungai Besi
57000 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name :
Wong
Wai Meng
Designation
: Company
Secretary
Identification
no : 690727-06-5106
Appointment
date : 01/10/98
Address
: 12,
Jalan Kiara SD 11/3A
Bandar Baru Sri Damansara
52200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Staff
employed : 250
employees
Auditors
: C.C.LEE
& ASSOCIATES
Suite B-11-7-A, Megan Avenue II
12 Jalan Yap Kwan Seng
50450 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Composition
Authorized
Capital : MYR
10,000,000
No of
shares : 10,000,000
Ordinary Shares
Share
par value : MYR 1
Issued
capital : MYR
2,000,000
Paid
up capital : MYR
2,000,000
How
listed : Full
List
Composition
Shareholder
name : Ramly Bin Mokni
Address
: 19,
Jalan S/12B
Kampung Batu Muda
51200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
No. of
shares : 1,020,000
Ordinary Shares
Shareholder
name : Shala Siah Binti
Abdul Manap
Address
: 19,
Jalan S/12B
Kampung Batu Muda
51200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
No. of
shares : 980,000
Ordinary Shares
Structure
Name :
PEMASARAN RAMLY MOKNI
SDN BHD
Affiliation
type : Sister Company
Address
: No. 14 & 16,
Jalan 29/10A
Taman Perindustrian IKS
Mukim Batu
68100 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name :
RAMLY FOOD
SERVICES SDN BHD
Affiliation
type : Sister Company
Address
: Lot 35, Persiaran Mewah
Kawasan Perindustrian Bandar Tun Razak
Cheras
56000 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Name :
RAMLY HALAL MART
SDN BHD
Affiliation
type : Sister Company
Address
: No. 12, Jalan
29/10A
Taman Perindustrian IKS
Mukim Batu
68100 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Related
companies and corporate
affiliations
comments
: Other companies of the Ramly Group should be considered
affiliates of the Subject.
Bank Details
Name
of bank : CIMB Bank Berhad
Address
: Malaysia
Account
details : Current Account
Name
of bank : Bank Muamalat
Malaysia 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
: Total of Charge:
412,000.00
Date
of Creation: 30-08-1991
Name
of Chargee: BANK PEMBANGUNAN MALAYSIA
BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 600,000.00
Date
of Creation: 10-01-1994
Name
of Chargee: BANK BUMIPUTRA
MALAYSIA BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 710,000.00
Date
of Creation: 10-06-1994
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: FULLY SATISFIED
Total
of Charge: 929,000.00
Date
of Creation: 06-09-1994
Name
of Chargee: BANK PEMBANGUNAN
MALAYSIA BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 4,500,000.00
Date
of Creation: 27-12-1994
Name
of Chargee: BANK BUMIPUTRA
MALAYSIA BHD
Charge
Status: UNSATISFIED
Total
of Charge: 1,000,000.00
Date
of Creation: 23-12-1997
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: FULLY SATISFIED
Total
of Charge: 6,000,000.00
Date
of Creation: 16-11-2000
Name
of Chargee: BUMIPUTRACOMMERCE
BANK BERHAD
Charge
Status : UNSATISFIED
Total
of Charge: 226,914.00
Date
of Creation: 06-02-2001
Name
of Chargee: BANK MUAMALAT
MALAYSIA BERHAD
Charge
Status: FULLY SATISFIED
Total
of Charge: 1,000,000.00
Date
of Creation: 25-04-2001
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: FULLY SATISFIED
Total
of Charge: 4,500,000.00
Date
of Creation: 07-11-2001
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 186,448.00
Date
of Creation: 28-01-2003
Name
of Chargee: BANK MUAMALAT
MALAYSIA BERHAD
Charge
Status: FULLY SATISFIED
Total
of Charge: 1,185,243.00
Date
of Creation: 04-08-2004
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: FULLY SATISFIED
Total
of Charge: 4,500,000.00
Date
of Creation: 13-06-2005
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 1,078,952.04
Date
of Creation: 31-10-2006
Name
of Chargee: BANK PERTANIAN
MALAYSIA
Charge
Status: FULLY SATISFIED
Total
of Charge: 6,503,630.78
Date
of Creation: 14-09-2007
Name of
Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 6,503,630.78
Date
of Creation: 24-01-2008
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: UNSATISFIED
Total of
Charge: 2,930,209.50
Date
of Creation: 09-01-2008
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 5,700,000.00
Date
of Creation: 07-03-2008
Name
of Chargee: MAYBANK ISLAMIC
BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 6,503,630.78
Date
of Creation: 03-03-2008
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 8,298,491.24
Date
of Creation: 10-04-2008
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 1,696,183.20
Date
of Creation: 24-09-2008
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: UNSATISFIED
Total of
Charge: 6,503,630.78
Date
of Creation: 11-02-2009
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 12,920,000.00
Date
of Creation: 08-03-2010
Name
of Chargee: CIMB BANK BERHAD
Charge
Status: UNSATISFIED
Total
of Charge: 32,542,058.12
Date
of Creation: 12-05-2010
Name
of Chargee: BANK PERUSAHAAN KECIL
& SEDERHANA MALAYSIA
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 : 31/12/10
Type
of accounts : Full
audited
Currency
: Malaysia,
Ringgit (MYR)
Exchange
rate : 1 USD = MYR
3.07 as of 09-05-2012
Consolidation
type : Non Consolidated
Non Consolidated
Currency
: Malaysia,
Ringgit (MYR) Malaysia, Ringgit (MYR)
Denomination
: (x1) One (x1)
One
Date
of financial year end : 31/12/10
31/12/09
Length
of accounts : 12
months 12 months
Sale
turnover / Income : 161,876,482 148,008,193
Profit
before tax : 7,059,748
5,068,810
Net
income : 5,986,570
4,236,647
Non
current assets : 41,252,932
32,954,752
Current
assets : 44,160,781
41,115,927
Total
assets : 85,413,713
74,070,679
Current
liabilities : 19,757,849
31,364,860
Non
current liabilities : 35,142,469
17,178,994
Total
liabilities : 54,900,318
48,543,854
Share
equity : 30,513,395
25,526,825
Retained
earning : 28,513,395
23,526,825
Main activities : The
Subject engages in manufacturing and wholesale of meat products such as
burgers, frankfurters and nuggets.
The Subject is the largest producers of burgers and
frankfurters in Malaysia.
Product
& services : Burger
Frankfurter
Nugget
Chicken
Seafood
Minced Meat
Burger Bun & Frankfurter Bun
Brand
: Ramly
Purchases
Local
: Yes
International
: Asian countries
Sales
Local
: Yes
International
: Indonesia, Singapore and
Thailand
Key
events : 5 July 2011
Ramly Food to build new plant
Ramly Food Processing Sdn Bhd, well-known for its homegrown
brand of
burgers, plans to invest some RM250 million to set up a
larger
manufacturing plant at Pulau Indah Halal Park near Port
Klang, next year.
Datuk Ramly Mokni, the Founder and Managing Director of
Ramly Food,
which began making burgers with his wife from his home in
1979, today
operates two food processing facilities at the Bandar Tun
Razak Industrial
Zone in Cheras and the IKS Industrial Park in Mukim Batu,
Kuala Lumpur.
The two plants now produce some 150,000 tonnes of products
daily
including beef, chicken, prawn and fish patties as well as
frankfurters,
cocktail sausages, chicken and beef nuggets, and minced
chicken and
beef.
The company has also diversified its product range to
include black pepper
sauce, chilli sauce and tomato sauce, as well as mayonnaise,
bread and
butter.
Ramly Food derives about 30% of its revenue from exports
which are
mainly to Indonesia, Singapore and Thailand.
Going forward, Datuk Ramly said, with the new plant, the
company plans to
increase its product range from 30 to over 100 products,
targeting to
increase its export sales to at least 50% of its total
turnover by 2016 and at
the same time expanding its export globally.
5 July 2011
Ramly Food now a billion ringgit business
Kuala Lumpur: What started out as a humble beginning, making
beef
burger patties from home and selling them to friends, has
turned Ramly
Food Processing Sdn Bhd into a billion ringgit business.
Ramly Burger has been a successful homegrown brand in
Malaysia over
the last three decades.
Its sales have breached the RM1 billion mark and it is
aiming to double that
to RM2 billion by 2016.
“We plan to export Ramly food products worldwide,” said
founder and
managing director Datuk Ramly Mokni.
In the pipeline is the plan to build a bigger manufacturing
facility next year
at Pulau Indah Halal Park near Port Klang, with an
investment of about
RM250 million.
Ramly Food now owns two processing plants at the Bandar Tun
Razak
industrial zone in Cheras and the IKS industrial park in
Mukim Batu, Kuala
Lumpur.
The plants collectively produce about 150,000 tonnes of
products each
day.
Ramly Food manufactures beef, chicken, prawn and fish
patties as well as
frankfurters, cocktail sausages, chicken and beef nuggets,
and minced
chicken and beef.
The company also produces its own sauces like black pepper,
chilli and
tomato sauce, as well as mayonnaise, bread and butter.
Currently, Ramly Food exports its products to Asian
countries such as
Indonesia, Singapore, Thailand and Indonesia. Exports
command about 30
per cent of its revenue.
“With the new plant, besides being able to increase
production capacity,
we also hope to increase our product offerings from 30 to
more than 100.
By 2016, we see export markets comman-ding at least half of
group
sales,” Ramly said.
In 1979, Ramly decided to give up his job as a butcher at a
supermarket
and began to make burger patties with his wife Datin Shala
Siah Abdul
Manap from their flat in Lorong Haji Hussein Kuala Lumpur.
The husband-and-wife team made the patties manually, mincing
meat and
adding own blend of spices to the patties, producing about
200 pieces a
day.
Ramly had a burger stall in Jalan Haji Hussein off Jalan
Chow Kit and
gained a lot of support from friends who also began their
own stalls
sourcing patties from Ramly. Production then increased to
2,000 patties a
day.
He later took a loan from Bank Pembangunan Malaysia Bhd and
moved to
a shop-house-cum-factory in Bandar Tun Razak, Kuala Lumpur,
where
Perusahaan Ramly Mokni Sdn Bhd was established in 1984.
Ramly Group has recently collaborated with chef Liza Zainol
to produce a
16- episode cooking show to be aired on RTM’s TV2 every
Saturday and
Sunday beginning July 16, as part of its promotional
activities.
Property & Assets
Premises
: The Subject operates
from headquarters located at the verified heading
address consisting of production facilities, warehouse and
administrative
office.
Branches
: None reported.
Intellectual
property : Halal Certified
SUMMARIZED COUNTRY RISK
Gross Domestic Products (GDP) &
Economic Overview
Central
bank : Central
Bank of Malaysia
Reserve
of foreign exchange & gold :
US$ 135.8 billion as of 13 April 2012
Gross
domestic product - GDP : US$
247.781 billion
GPP
(Purchasing power parity) : US$
442.01 billion of International dollar
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,
Bank transfer, D/P, Credit 30-90 days
International
: L/C, D/P, Credit 30-90 days
Sales Term
Local
: Prepayment,
Bank transfer, D/P, Credit 30-90 days
International
: L/C,
D/P, Credit 30-90 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.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
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.