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Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
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Name : |
KIAN LEE S.M.R. FACTORY SENDIRIAN BERHAD |
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Registered Office : |
10, Lorong Gereja Melaka Raya Melaka 75000 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
28.08.1971 |
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Com. Reg. No.: |
11128-H |
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Legal Form : |
Private Company Limited By Shares |
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Line of Business : |
Processing and trading in rubber. |
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No. of Employees : |
60 employees |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Malaysia |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Verified Address
Subject name : KIAN LEE S.M.R. FACTORY SENDIRIAN
BERHAD
Business address :
Lot 952, Buloh Kasap
Town : Segamat
Province : Johor Darul Takzim
Zip/postal code : 85010
Country : Malaysia
Tel : +60 7 9441204
Fax : +60 7 9441930
Email : klsmr@tm.net.my
Registered address
: 10, Lorong Gereja
Town : Melaka Raya
Province : Melaka
Zip/postal code : 75000
Country : Malaysia
Comments : The provided address 15C, Jalan
Dedap, Taman Melodies, Johor Bahru 80250,
Johor Darul Takzim, Malaysia belongs to the Subject's head office
address.
Executive Summary
Date founded or
registered : 28/08/1971
Legal form : Private Company
Limited By Shares
Chief executive : Dato' Soh Poh Sheng
Issued & paid
up capital : MYR 5,000,000
Sales turnover : MYR
170,043,729 (Non-consolidated 12 months, 31/12/2010)
Net income : MYR 930,198
(Non-consolidated 12 months, 31/12/2010)
Total fixed assets
: MYR 66,462,825
(Non-consolidated 12 months, 31/12/2010)
Line of business :
Processing and
trading in rubber.
Staff employed : 60 employees
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
progressing
Management
experience : Management is
adequately experienced
Financial
performance : Financial
performance is recovering
Organization structure
: Organizational structure is
stable
Detrimental : No detrimental records found
Payment history : No payment delays noted
Registry Data
Registration date
: 28/08/1971
Legal form : Private Company Limited By
Shares
Registration no 11128-H
Registered
authority : Companies Commission of
Malaysia
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Dato' Soh Poh Sheng
Designation : Managing Director
Name : Chua Cham Her
Designation : General Manager
Appointments
Name : Kow Beh @ Kow Kian
Designation : Director
Identification no
: 341107-05-5200
Appointment date :
06/01/04
Address : House No.4, Jalan Pokok
Resam 12
Taman BDC
89450 Kota Kinabalu
Sabah
Malaysia
Name : Soh Poh Soon
Designation : Director
Identification no
: 591013-05-5279
Appointment date :
16/12/03
Address : House No. 34, Lot 418
Lorong Pokok Resam 6
Taman BDC Phase II
88400 Likas
Sabah
Malaysia
Name : Choong Lee Hah
Designation : Company Secretary
Identification no
: 641106-04-5160
Appointment date :
28/06/06
Address : A1-06 Pangsapuri Puteri
Kesidang
Lorong Pandan
75200 Melaka
Melaka
Malaysia
Staff employed : 60 employees
Key Advisors
Auditors : GOW & TAN
Suite 1308, Level 13
City Plaza, Jalan Tebrau
80300 Johor Bahru
Johor Darul Takzim
Malaysia
Composition
Authorized Capital
: MYR 10,000,000
No of shares : 10,000,000 Ordinary Shares
Share par value : MYR 1
Issued capital : MYR 5,000,000
Paid up capital : MYR 5,000,000
How listed : Full
List
Composition
Shareholder name :
SUKATANI CHUAN SENG SDN. BHD.
Address : Sabah
Malaysia
No. of shares : 5,000,000 Ordinary Shares
% of shares : 100%
Structure
Name : SUKATANI CHUAN SENG
SDN. BHD.
Affiliation type :
Parent Company
Address : Sabah
Malaysia
Comments : Sukatani Chuan Seng Sdn Bhd is
primarily engaged in manufacture of electronic
instruments and appliances for measuring, checking, testing, navigating
and other
purposes,
Name : SUKATANI SENDIRIAN
BERHAD
Affiliation type :
Associate
Address : Malaysia
Name : SUKATANI (LAHAD DATU)
SDN. BHD.
Affiliation type :
Associate
Address : Malaysia
Name : SUKATANI (WEST
MALAYSIA) SDN. BHD.
Affiliation type :
Associate
Address : Malaysia
Name : SUKATANI (SABAH) SDN.
BHD.
Affiliation type :
Associate
Address : Malaysia
Name : SUKATANI (JOHOR) SDN.
BHD.
Affiliation type :
Associate
Address : Malaysia
Bank Details
Name of bank : Malayan Banking 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: 14,000,000.00
Date of Creation: 21-07-2004
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: UNSATISFIED
Total of Charge: 5,500,000.00
Date of Creation: 21-10-2005
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: UNSATISFIED
Total of Charge: 11,500,000.00
Date of Creation: 10-08-2006
Name of Chargee: MALAYAN BANKING BERHAD
Charge Status: UNSATISFIED
Total of Charge: 23,500,000.00
Date of Creation: 04-01-2011
Name of Chargee: MAYBANK ISLAMIC 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 3.08 as of
14-05-2012
Summarized Financial Information
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 : 170,043,729
52,261,412
Profit before tax
: 1,418,198 -2,013,915
Net income : 930,198 -1,522,009
Non current assets
: 2,905,137 2,537,651
Current assets : 63,557,688 28,506,334
Total assets : 66,462,825 31,043,985
Current
liabilities : 54,443,520
21,514,878
Non current
liabilities : 160,000 0
Total liabilities
: 54,603,520 21,514,878
Share equity : 11,859,305
9,529,107
Retained earning : 6,859,305 5,929,107
Main activities : The Subject engages in processing and
trading in rubber.
The Subject trades about 22,000 tonnes per annum.
Product &
services : Standard Malaysia Rubber
(SMR) 5
SMR 10
SMR 20
Purchases
International : Asian countries
Sales
Local : Yes
International : Worldwide
Property & Assets
Premises : The Subject operates from
premises located at the verified heading
address consisting of production facilities, warehouse and
administrative
office.
Branches : In addition, the Subject
operates from head office located at:
15C, Jalan Dedap
Taman Melodies
Johor Bahru 80250
Johor Darul Takzim
Malaysia
Tel: +60 7 3322777
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%
Purchase Term
Local :
Prepayment, D/P, Bank transfer, Credit 30-120 days
International :
Prepayment, D/P, Telegraphic transfer, Credit 30-120 days
Sales Term
Local :
Prepayment, D/P, Bank transfer, Credit 30-120 days
International :
L/C, D/P, Telegraphic transfer, Credit 30-120 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.53.71 |
|
|
1 |
Rs.86.34 |
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Euro |
1 |
Rs.69.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 |
-- |
This score serves as a reference to assess SCs 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.