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Report Date : |
17.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
TECK GUAN SDN. BHD. |
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Formerly Known As : |
SHARIKAT TECK GUAN SDN.BHD. |
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Registered Office : |
318, Teck Guan Regency Jalan St. Patrick off Jalan Belunu Tawau Sabah 91000 |
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Country : |
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|
Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
27.10.1961 |
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Com. Reg. No.: |
22548-H |
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Legal Form : |
Private Company Limited By Shares |
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Line of Business : |
Import, export, wholesale and retail of cocoa and related products, palm oil and related products and petroleum products. |
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|
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No. of Employees : |
7,000 employees (Teck Guan Group) |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
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 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 |
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Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject name : TECK GUAN SDN. BHD.
Business address :
318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
Town : Tawau
Province : Sabah
Zip/postal code : 91000
Country : Malaysia
Tel : +60 89
772277
Fax : +60 89
769955
Email : marketing@teckguan.com
Website : www.teckguan.com
Registered address
: 318,
Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
Town : Tawau
Province : Sabah
Zip/postal code : 91000
Country : Malaysia
Executive Summary
Date founded or
registered : 27/10/1961
Legal form : Private Company Limited
By Shares
Chief executive : Tang Ah Mei
Issued & paid
up capital : MYR 17,434,700
Sales turnover : MYR
159,170,997 (Non-consolidated 12 months, 31/01/2011)
Net income : MYR 5,569,934
(Non-consolidated 12 months, 31/01/2011)
Total fixed assets
: MYR 80,644,442
(Non-consolidated 12 months, 31/01/2011)
Line of business : Import, export, wholesale
and retail of cocoa and related products, palm oil and
related products and petroleum products.
Staff employed : 7,000 employees (Teck
Guan Group)
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is
progressing
Management
experience : Management is
reasonably experienced
Financial
performance : Financial
performance is good
Organization
structure : Organizational
structure is consistent
Detrimental : No detrimental records found
Payment history : No payment delays noted
Credit amount
asked : Not described.
Registry Data
Registration date
: 27/10/1961
Legal form : Private Company
Limited By Shares
Registration no 22548-H
Registered
authority : Companies
Commission of Malaysia
Registry status : Live/Active
Previous name : The Subject was
established under the name SHARIKAT TECK GUAN SDN.
BHD. and changed to the current style on 16-10-1990.
Change of legal
form : None reported.
Key Management
Name : Tang Ah Mei
Designation : Managing Director
Name : Chin Fui
Lan
Designation : Director
Name : Hong Kim
Fah
Designation : Director
Appointments
Name : Tang Ah Mei
Designation : Director
Identification no
: 470208-05-5243
Appointment date :
11/01/95
Address : 3600 Taman Maju
Batu 2 Jalan Kuhara
91000 Tawau
Sabah
Malaysia
Name : Chin Fui
Lan
Designation : Director
Identification no
: 520514-12-5476
Appointment date :
27/09/99
Address : No. 2456 Taman
Leeka
Peti Surat 33
91007 Tawau
Sabah
Malaysia
Name : Hong Kim
Fah
Designation : Director
Identification no
: H0429032
Appointment date :
08/04/86
Address : No. 4471 Taman
Jambu
Jalan Sin On
91000 Tawau
Sabah
Malaysia
Name : Chan Kin
Dak @ Tan Kin Dak
Designation : Company Secretary
Identification no
: 590405-12-5569
Appointment date :
16/01/90
Address : 6282, Taman Hot
Spring Jaya
Jalan Air Panas
91000 Tawau
Sabah
Malaysia
Staff employed : 7,000 employees (Teck
Guan Group)
Key Advisors
Auditors : ERNST &
YOUNG
Level 23A, Menara Milenium
Jalan Damanlela
Pusat Bandar Damansara
Kuala Lumpur 50490
Malaysia
Composition
Authorized Capital
: MYR 25,000,000
No of shares : 25,000,000 Ordinary
Shares
Share par value : MYR 1
Issued capital : MYR 17,434,700
Paid up capital : MYR 17,434,700
How listed : Full
List
Composition
Shareholder name :
TECK GUAN HOLDINGS SDN BHD
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
No. of shares : 17,434,700 Ordinary Shares
% of shares : 100%
Structure
Name : HTG HOLDINGS SDN. BHD.
Affiliation type :
Ultimate Holding Company
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
Name : TECK GUAN HOLDINGS SDN
BHD
Affiliation type :
Parent Company
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
Comments : Teck Guan Holdings Sdn Bhd, an
investment holding company, manufactures
and sells oil palm products and cocoa products in Malaysia. The company
was
incorporated in 1978 and is based in Tawau, Malaysia. Teck Guan Holdings
Sdn
Bhd operates as a subsidiary of HTG Holdings Sdn Bhd.
Name : TECK GUAN TRADING SDN
BHD
Affiliation type :
Sister Company
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
Name : TAWAU COCOA ESTATE SDN.
BHD.
Affiliation type :
Sister Company
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
Name : TECK GUAN PLANTATIONS
SDN BHD
Affiliation type :
Sister Company
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
Name : CACAO PARAMOUNT SDN.
BHD.
Affiliation type :
Sister Company
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
Name : TECK GUAN PROPERTIES
SDN.BHD.
Affiliation type :
Sister Company
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
Name : TECK GUAN INDUSTRIES
SDN.BHD.
Affiliation type :
Sister Company
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
Name : TECK GUAN DEVELOPMENT
(SABAH) SDN. BHD.
Affiliation type :
Sister Company
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
Name : TECK GUAN STEEL SDN.
BHD.
Affiliation type :
Sister Company
Address : 318, Teck Guan Regency
Jalan St. Patrick off Jalan Belunu
91000 Tawau
Sabah
Malaysia
Related companies
and corporate
affiliations
comments: Other companies of the Teck
Guan Group should be considered affiliates of the
Subject.
Bank Details
Name of bank : Malayan Banking Berhad (Maybank)
Address : Malaysia
Account details : Current Account
Name of bank : HSBC Bank Malaysia Berhad
Address : Malaysia
Account details : Current Account
Name of bank : Standard Chartered Bank Malaysia
Bhd
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: 560,000.00
Date of Creation: 18-05-1964
Name of Chargee: THE HONGKONG AND SHANGHAI BANKING
CORPORATION
Charge Status: FULLY SATISFIED
Total of Charge: 5,600,000.00
Date of Creation: 14-04-1965
Name of Chargee: HSBC
Charge Status: FULLY SATISFIED
Total of Charge: 5,600,000.00
Date of Creation: 14-04-1965
Name of Chargee: HSBC
Charge Status: FULLY SATISFIED
Total of Charge: 100,000.00
Date of Creation: 04-10-1965
Name of Chargee: HSBC
Charge Status: FULLY SATISFIED
Total of Charge: 600,000.00
Date of Creation: 08-12-1965
Name of Chargee: HSBC
Charge Status: FULLY SATISFIED
Total of Charge: 5,575,520.00
Date of Creation: 01-12-1965
Name of Chargee: HSBC
Charge Status: FULLY SATISFIED
Total of Charge: 600,000.00
Date of Creation: 22-08-1966
Name of Chargee: HSBC
Charge Status: FULLY SATISFIED
Total of Charge: 4,870,790.99
Date of Creation: 22-08-1966
Name of Chargee: HSBC
Charge Status: FULLY SATISFIED
Total of Charge: 1,400,000.00
Date of Creation: 22-08-1966
Name of Chargee: THE CHARTERRED BANK
Charge Status: FULLY SATISFIED
Total of Charge: 1,800,000.00
Date of Creation: 20-01-1968
Name of Chargee: THE CHARTERRED BANK
Charge Status: FULLY SATISFIED
Total of Charge: 180,000.00
Date of Creation: 17-05-1976
Name of Chargee: BORNEO DEV CORP SDN BHD
Charge Status: FULLY SATISFIED
Total of Charge: 4,600,000.00
Date of Creation: 31-05-1976
Name of Chargee: THE CHARTERRED BANK
Charge Status: FULLY SATISFIED
Total of Charge: 4,600,000.00
Date of Creation: 31-05-1976
Name of Chargee: STANDARD CHARTERED BANK MALAYSIA BHD
Charge Status: FULLY SATISFIED
Total of Charge: 4,000,000.00
Date of Creation: 21-09-1976
Name of Chargee: THE CHARTERED BANK
Charge Status: FULLY SATISFIED
Total of Charge: 4,600,000.00
Date of Creation: 23-06-1977
Name of Chargee: THE CHARTERED BANK
Charge Status: FULLY SATISFIED
Total of Charge: 680,000.00
Date of Creation: 19-09-1977
Name of Chargee: THE CHARTERED BANK
Charge Status: FULLY SATISFIED
Total of Charge: 680,000.00
Date of Creation: 19-09-1977
Name of Chargee: STANDARD CHARTERED BANK MALAYSIA BHD
Charge Status: FULLY SATISFIED
Total of Charge: 1,200,000.00
Date of Creation: 04-10-1979
Name of Chargee: THE CHARTERED BANK
Charge Status: FULLY SATISFIED
Total of Charge: 680,000.00
Date of Creation: 04-10-1979
Name of Chargee: STANDARD CHARTERED BANK MALAYSIA BHD
Charge Status: FULLY SATISFIED
Total of Charge: 680,000.00
Date of Creation: 04-10-1979
Name of Chargee: THE CHARTERED BANK
Charge Status: FULLY SATISFIED
Total of Charge: 1,000,000.00
Date of Creation: 03-06-1982
Name of Chargee: HONGKONG BANK MALAYSIA BERHAD
Charge Status: UNSATISFIED
Total of Charge: 3,050,000.00
Date of Creation: 21-09-1982
Name of Chargee: STANDARD CHARTERED BANK MALAYSIA BHD
Charge Status: FULLY SATISFIED
Total of Charge: 1,300,000.00
Date of Creation: 21-09-1982
Name of Chargee: STANDARD CHARTERED BANK MALAYSIA BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 680,000.00
Date of Creation: 07-12-1988
Name of Chargee: STANDARD CHARTERED BANK MALAYSIA BHD
Charge Status: FULLY SATISFIED
Total of Charge: 3,001,000.00
Date of Creation: 08-11-1990
Name of Chargee: STANDARD CHARTERED BANK
Charge Status: FULLY SATISFIED
Total of Charge: OPEN CHARGE
Date of Creation: 02-06-1999
Name of Chargee: STANDARD CHARTERED BANK MALAYSIA BERHAD
Charge Status: FULLY SATISFIED
Total of Charge: 2,678,750.00
Date of Creation: 22-11-2002
Name of Chargee: MALAYAN BANKING 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 : 31/01/11
Type of accounts :
Full audited
Currency : Malaysia,
Ringgit (MYR)
Exchange rate : 1 USD = MYR 3.08 as of
15-04-2012
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 : 31/01/11 31/01/10
Length of accounts
: 12 months 12 months
Sale turnover /
Income : 159,170,997 137,234,627
Profit before tax
: 7,574,649
6,464,192
Net income : 5,569,934
4,630,924
Non current assets
: 769,401 670,784
Current assets : 79,875,041 78,972,061
Total assets :
80,644,442
79,642,845
Current
liabilities : 34,853,778
38,521,066
Non current
liabilities : 112,818
98,545
Total liabilities
: 34,966,596
38,619,611
Share equity : 45,677,846
41,023,234
Retained earning :
28,243,146
23,588,534
OPERATION DETAILS
Main activities : The Subject
engages in import, export, wholesale and retail of cocoa and
related products, palm oil and related products and petroleum products.
Subject is part of Teck Guan Group of Companies which is a
Malaysia-based diversified multinational group founded by the late Datuk
Seri Panglima Hong Teck Guan in 1935. It has core businesses in
plantations, industrial including oleochemicals, trading as well as
other
businesses.
Teck Guan Group currently has more than 80 companies in Malaysia.
Product &
services : Cocoa and related products
Palm oil and related products
Fertilizer
Agri chemicals
Petroleum products like bitumen, industry diesel, light fuel oil, medium
fuel
oil, kerosene, gasoline and full range of lubricants
Purchases
International : Worldwide
Sales
Local : Yes
International : Worldwide
Property & Assets
Premises : The
Subject operates from group headquarters located at the verified
heading address consisting of administrative office.
Branches : None
reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Central
Bank of Malaysia
Reserve of foreign
exchange & gold : US$ 135.9
billion as of 30 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
International :
L/C, Prepayment, D/P, Credit 30-120 days
Sales Term
Local : Prepayment,
D/P, Credit 30-120 days
International :
L/C, Prepayment, D/P, 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.54.29 |
|
|
1 |
Rs.86.61 |
|
Euro |
1 |
Rs.68.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 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.