MIRA INFORM REPORT

 

 

Report Date :

27.11.2012

 

IDENTIFICATION DETAILS

 

Name :

YUSUF TAIYOOB SDN. BHD.

 

 

Registered Office :

87, Muntri Street, 10200 Pulau Pinang, Pulau Pinang

 

 

Country :

Malaysia

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

08.01.1987

 

 

Reg. No.:

158807-M

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Trading of Food Products, Consumer Goods

 

 

No. of Employees :

10

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Malaysia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

malaysia - ECONOMIC OVERVIEW

 

Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move farther up the value-added production chain by attracting investments in Islamic finance, high technology industries, biotechnology, and services. The NAJIB administration also is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Nevertheless, exports - particularly of electronics, oil and gas, palm oil and rubber - remain a significant driver of the economy. As an oil and gas exporter, Malaysia has profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel, combined with strained government finances, has forced Kuala Lumpur to begin to reduce government subsidies. The government is also trying to lessen its dependence on state oil producer Petronas. The oil and gas sector supplies more than 40% of government revenue. The central bank maintains healthy foreign exchange reserves, and a well-developed regulatory regime has limited Malaysia''s exposure to riskier financial instruments and the global financial crisis. Nevertheless, Malaysia could be vulnerable to a fall in commodity prices or a general slowdown in global economic activity because exports are a major component of GDP. In order to attract increased investment, NAJIB has raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but he has encountered significant opposition, especially from Malay nationalists and other vested interests.

 

Source : CIA

EXECUTIVE SUMMARY

 

REGISTRATION NO.

:

158807-M

COMPANY NAME

:

YUSUF TAIYOOB SDN. BHD.

FORMER NAME

:

N/A

INCORPORATION DATE

:

08/01/1987

 

 

 

 

 

 

COMPANY STATUS

:

EXIST

LEGAL FORM

:

PRIVATE LIMITED

LISTED STATUS

:

NO

REGISTERED ADDRESS

:

87, MUNTRI STREET, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.

BUSINESS ADDRESS

:

PLAZA MWE, 11TH FLOOR, SUITE 11.08, NO.8 JALAN LEBUH FARQUHAR, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.

TEL.NO.

:

04-2627227

FAX.NO.

:

04-2618284

EMAIL

:

yuta@yuta.com

WEB SITE

:

www.yuta.com

CONTACT PERSON

:

YUSUF BIN TAIYOOB ( MANAGING DIRECTOR )

INDUSTRY CODE

:

51239

PRINCIPAL ACTIVITY

:

TRADING OF FOOD PRODUCTS, CONSUMER GOODS

AUTHORISED CAPITAL

:

MYR 5,000,000.00 DIVIDED INTO
ORDINARY SHARE 5,000,000.00 OF MYR 1.00 EACH.

ISSUED AND PAID UP CAPITAL

:

MYR 5,000,000.00 DIVIDED INTO
ORDINARY SHARES 350,002 CASH AND 4,649,998 OTHERWISE OF MYR 1.00 EACH.

SALES

:

MYR 46,774,279 [2011]

NET WORTH

:

MYR 34,171,471 [2011]

STAFF STRENGTH

:

10 [2012]

BANKER (S)

:

CIMB BANK BHD
HONG LEONG BANK BHD
MALAYAN BANKING BHD
UNITED OVERSEAS BANK (MALAYSIA) BHD

 

LITIGATION

:

CLEAR

DEFAULTER CHECK

:

CLEAR

FINANCIAL CONDITION

:

POOR

PAYMENT

:

AVERAGE

MANAGEMENT CAPABILITY

:

AVERAGE

COMMERCIAL RISK

:

MODERATE

CURRENCY EXPOSURE

:

MODERATE

GENERAL REPUTATION

:

SATISFACTORY

INDUSTRY OUTLOOK

:

AVERAGE GROWTH

 

 

HISTORY / BACKGROUND

 

The SC is a private limited company and is allowed to have a minimum of one and a maximum of forty-nine shareholders. As a private limited company, the SC must have at least two directors. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the SC is capable of owning assets, entering into contracts, sue or be sued by other companies. The liabilities of the shareholders are to the extent of the equity they have taken up and the creditors cannot claim on shareholders' personal assets even if the SC is insolvent. The SC is governed by the Companies Act, 1965 and the company must file its annual returns, together with its financial statements with the Registrar of Companies.

The SC is principally engaged in the (as a / as an) trading of food products, consumer goods.

The SC is not listed on Bursa Malaysia (Malaysia Stock Exchange).

 

The major shareholder(s) of the SC are shown as follows :

 

Name

Address

IC/PP/Loc No

Shareholding

(%)

DATO'YUSUF BIN TAIYOOB +

40, JALAN LOH POH HENG, HILLSIDE, 11200 TANJONG TOKONG, PULAU PINANG, MALAYSIA.

581223-07-5201

3,450,000.00

69.00

MR.ABDUL RAHIM BIN TAIYOOB +

40, JALAN LOH POH HENG, HILLSIDE, 11200 TANJONG TOKONG, PULAU PINANG, MALAYSIA.

700622-07-5275

1,550,000.00

31.00

 

 

 

---------------

------

 

 

 

5,000,000.00

100.00

 

 

 

============

=====

 

+ Also Director

 

 

DIRECTORS

 

DIRECTOR 1

 

Name Of Subject

:

MS. BILKIS BINTI TAIYOOB

Address

:

40, JALAN LOH POH HENG, HILLSIDE, 11200 TANJONG TOKONG, PULAU PINANG, MALAYSIA.

New IC No

:

620501-07-5412

Date of Birth

:

01/05/1962

Nationality

:

MALAYSIAN

 

DIRECTOR 2

 

Name Of Subject

:

MR. ABDUL RAHIM BIN TAIYOOB

Address

:

40, JALAN LOH POH HENG, HILLSIDE, 11200 TANJONG TOKONG, PULAU PINANG, MALAYSIA.

New IC No

:

700622-07-5275

Date of Birth

:

22/06/1970

Nationality

:

MALAYSIAN

 

DIRECTOR 3

 

Name Of Subject

:

DATO' YUSUF BIN TAIYOOB

Address

:

40, JALAN LOH POH HENG, HILLSIDE, 11200 TANJONG TOKONG, PULAU PINANG, MALAYSIA.

New IC No

:

581223-07-5201

Date of Birth

:

23/12/1958

Nationality

:

MALAYSIAN

 

DIRECTOR 4

 

Name Of Subject

:

MS. YUSNITA BINTI RAMLI

Address

:

40, JALAN LOH POH HENG, HILLSIDE, 11200 TANJONG TOKONG, PULAU PINANG, MALAYSIA.

New IC No

:

720422-07-5578

Date of Birth

:

22/04/1972

Nationality

:

MALAYSIAN



MANAGEMENT

 

 

 

1)

Name of Subject

:

YUSUF BIN TAIYOOB

 

Position

:

MANAGING DIRECTOR

 

2)

Name of Subject

:

ABDUL RAHIM BIN TAIYOOB

 

Position

:

SALES DIRECTOR

 

 

AUDITOR

 

Auditor

:

TEH ENG AUN & CO..

Auditor' Address

:

119B,MACALISTER LANE,10400 PENANG., PULAU PINANG, MALAYSIA.

 

 

COMPANY SECRETARIES

 

1)

Company Secretary

:

DATO' SERI TAN KHOON HAI @ TAN KING TAI @ TAN KHOON HAI

 

 

 

 

 

New IC No

:

551025-01-6051

 

Address

:

14-N,JALAN ANGSANA, 11500 AYER ITAM, PENANG, MALAYSIA.

 

 

BANKING


Banking relations are maintained principally with :

1)

Name

:

CIMB BANK BHD

 

 

 

 

 

2)

Name

:

HONG LEONG BANK BHD

 

 

 

 

 

3)

Name

:

MALAYAN BANKING BHD

 

 

 

 

 

4)

Name

:

UNITED OVERSEAS BANK (MALAYSIA) BHD

 

 

 

 

 

The SC enjoys normal banking routine with above mentioned banker(s). The SC has bank charges with above mentioned banker(s).

 

 

ENCUMBRANCE (S)


ENCUMBRANCE 1

Date of Creation

:

12/07/1995

Description Of Charge

:

N/A

 

Amount Secured

:

RM1,250,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

Form 40 Dated

Registered and Numbered 2 In The Register of Charges


ENCUMBRANCE 2

Date of Creation

:

27/02/1997

Description Of Charge

:

N/A

 

Amount Secured

:

RM1,100,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 5 In The Register of Charges


ENCUMBRANCE 3

Date of Creation

:

02/10/1997

Description Of Charge

:

N/A

 

Amount Secured

:

RM2,250,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

Form 40 Dated

Registered and Numbered 6 In The Register of Charges


ENCUMBRANCE 4

Date of Creation

:

18/02/1998

Description Of Charge

:

N/A

 

Amount Secured

:

RM3,500,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

Form 40 Dated

Registered and Numbered 7 In The Register of Charges


ENCUMBRANCE 5

Date of Creation

:

18/02/1998

Description Of Charge

:

N/A

 

Amount Secured

:

RM8,350,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 8 In The Register of Charges


ENCUMBRANCE 6

Date of Creation

:

20/03/1998

Description Of Charge

:

N/A

 

Amount Secured

:

RM1,500,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

Form 40 Dated

Registered and Numbered 9 In The Register of Charges


ENCUMBRANCE 7

Date of Creation

:

18/08/2000

Description Of Charge

:

OPEN CHARGE

 

Amount Secured

:

O/D

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 10 In The Register of Charges


ENCUMBRANCE 8

Date of Creation

:

17/06/2002

Description Of Charge

:

N/A

 

Amount Secured

:

RM8,350,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 11 In The Register of Charges


ENCUMBRANCE 9

Date of Creation

:

23/08/2002

Description Of Charge

:

OPEN CHARGE

 

Amount Secured

:

O/D

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 12 In The Register of Charges


ENCUMBRANCE 10

Date of Creation

:

18/07/2003

Description Of Charge

:

OPEN CHARGE

 

Amount Secured

:

RM3,000,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 13 In The Register of Charges


ENCUMBRANCE 11

Date of Creation

:

06/08/2002

Description Of Charge

:

OPEN CHARGE

 

Amount Secured

:

O/D

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 12P In The Register of Charges


ENCUMBRANCE 12

Date of Creation

:

10/08/2004

Description Of Charge

:

N/A

 

Amount Secured

:

RM6,000,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 14 In The Register of Charges


ENCUMBRANCE 13

Date of Creation

:

10/08/2004

Description Of Charge

:

N/A

 

Amount Secured

:

RM6,000,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 15 In The Register of Charges


ENCUMBRANCE 14

Date of Creation

:

06/09/2004

Description Of Charge

:

N/A

 

Amount Secured

:

RM6,000,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 16 In The Register of Charges


ENCUMBRANCE 15

Date of Creation

:

09/04/2007

Description Of Charge

:

 

Amount Secured

:

RM1,624,000.00

Description Of Property Affected

:

ALL THAT PIECE OF LEASEHOLD LAND WITH TENURE OF 60 YEAR KNOWN PLOT 97, BKT MINYAK INDUSTRIAL PARK SEBERANG PERAI PENANG

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 18 In The Register of Charges


ENCUMBRANCE 16

Date of Creation

:

05/10/2007

Description Of Charge

:

FACILITY AGREEMENT

 

Amount Secured

:

RM17,507,000.00

Description Of Property Affected

:

ALL THAT PIECE OF LEASEHOLD LAND WITH TENURE OF 60 YEAR KNOWN PLOT 97, BKT MINYAK INDUSTRIAL PARK SEBERANG PERAI PENANG

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 20 In The Register of Charges


ENCUMBRANCE 17

Date of Creation

:

02/01/2009

Description Of Charge

:

FACILITY AGREEMENT

 

Amount Secured

:

RM1,834,750.00

Description Of Property Affected

:

ALL THAT PIECE OF LEASEHOLD LAND WITH TENURE OF 60 YEAR KNOWN PLOT 97, BKT MINYAK INDUSTRIAL PARK SEBERANG PERAI PENANG

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD
9, UNION STREET, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.

 

 

 

 

 

Form 40 Dated 07/01/2009

Registered and Numbered 23 In The Register of Charges


ENCUMBRANCE 18

Date of Creation

:

30/01/2009

Description Of Charge

:

HOUSING LOAN AGREEMENT OD 1ST LEGAL ASSIGNMENT & POWER OF ATTONEY

 

Amount Secured

:

RM960,000.00

Description Of Property Affected

:

3 STOREY GARDEN VILLA SITUATED AT 15, LORONG KEJORA, TANJUNG BUNGAH PENANG

 

Name & Address Of Chargee

:

CIMB BANK BHD
409, JALAN BURMAH, 10350 PULAU PINANG, PULAU PINANG, MALAYSIA.

 

 

 

 

 

Form 40 Dated 06/03/2009

Registered and Numbered 24 In The Register of Charges


ENCUMBRANCE 19

Date of Creation

:

30/01/2009

Description Of Charge

:

HOUSING LOAN AGREEMENT OD 1ST LEGAL ASSIGNMENT & POWER OF ATTONEY

 

Amount Secured

:

RM960,000.00

Description Of Property Affected

:

3 STOREY GARDEN VILLA SITUATED AT 52, SOLOK KEJORA 2, TANJUNG BUNGAH PENANG

 

Name & Address Of Chargee

:

CIMB BANK BHD
409, JALAN BURMAH, 10350 PULAU PINANG, PULAU PINANG, MALAYSIA.

 

 

 

 

 

Form 40 Dated 06/03/2009

Registered and Numbered 25 In The Register of Charges


ENCUMBRANCE 20

Date of Creation

:

03/06/2009

Description Of Charge

:

HOUSING LOAN AGREEMENT

 

Amount Secured

:

RM3,650,000.00

Description Of Property Affected

:

3 1/2 STOREY SHOP OFFICE BEARING ASSESSMENT 10 LEBUH BISHOP, 10200 PENANG HELD UNDER LOT 54, 55, 56, 57 494 & 535 SEC 20, GEORGETOWN, N.E.D, PENANG COMPRISED IN GRN 38145, 38146, 38147, 38148, 37041 & 37050 RESPECTIVELY

 

Name & Address Of Chargee

:

CIMB BANK BHD
409, JALAN BURMAH, 10350 PULAU PINANG, PULAU PINANG, MALAYSIA.

 

 

 

 

 

Form 40 Dated 08/06/2009

Registered and Numbered 26 In The Register of Charges


ENCUMBRANCE 21

Date of Creation

:

12/08/2009

Description Of Charge

:

HOUSING LOAN AGREEMENT

 

Amount Secured

:

RM1,600,000.00

Description Of Property Affected

:

LOT 1860, GRN 27951, BNDR TG BUNGAH, N.E.D, PENANG TOGETHER WITH SINGLE STOREY BUNGALOW BEARING ASSESSMENT 38, JLN LOH POH HENG, HILLSIDE, TG BUNGAH, 11200 GEORGETOWN, PENANG

 

Name & Address Of Chargee

:

CIMB BANK BHD
409, JALAN BURMAH, 10350 PULAU PINANG, PULAU PINANG, MALAYSIA.

 

 

 

 

 

Form 40 Dated 14/08/2009

Registered and Numbered 27 In The Register of Charges


ENCUMBRANCE 22

Date of Creation

:

01/02/2010

Description Of Charge

:

OPEN CHARGE

 

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

UNITED OVERSEAS BANK (MALAYSIA) BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 28 In The Register of Charges


ENCUMBRANCE 23

Date of Creation

:

03/06/2010

Description Of Charge

:

HOUSING LOAN AGREEMENT OD (FLEXI) & 3RD PARTY 2ND LEGAL CHARGE AND ANNEXURE

 

Amount Secured

:

RM1,574,810.00

Description Of Property Affected

:

A 3 1/2 STOREY SHOP OFFICE BEARING ASSESSMENT 10 LEBUH BISHOP, 10200 PENAN HELD UNDER LOT 54, 55, 56, 57, 494 & 535, SECTION 20, GEORGETOWN, PULAU PINANG COMPRISED IN GERAN NO 38145, 38146, 38147, 38148, 37041 & 37050

 

Name & Address Of Chargee

:

CIMB BANK BHD
409, JALAN BURMAH, 10350 PULAU PINANG, PULAU PINANG, MALAYSIA.

 

 

 

 

 

Form 40 Dated 10/06/2010

Registered and Numbered 29 In The Register of Charges


ENCUMBRANCE 24

Date of Creation

:

12/01/2011

Description Of Charge

:

N/A

 

Amount Secured

:

RM1,624,000.00

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD

 

 

 

 

 

Form 40 Dated

Registered and Numbered 30 In The Register of Charges


ENCUMBRANCE 25

Date of Creation

:

18/04/2011

Description Of Charge

:

1ST PARTY 1ST FIXED CHARGE

 

Amount Secured

:

RM17,507,000.00

Description Of Property Affected

:

ALL THAT PIECE OF LEASEHOLD LAND WITH A TENURE OF 60 YEARS DESCRIBED AS PT 899 MUKIM 13 DAERAH SEBERANG PERAI TENGAH, PENANG HELD UNDER HS(D) 55767

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD
9 UNION STREET, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.

 

 

 

 

 

Form 40 Dated 06/05/2011

Registered and Numbered 31 In The Register of Charges


ENCUMBRANCE 26

Date of Creation

:

18/04/2011

Description Of Charge

:

1ST PARTY 2ND FIXED CHARGE

 

Amount Secured

:

RM1,834,750.00

Description Of Property Affected

:

ALL THAT PIECE OF LEASEHOLD LAND WITH A TENURE OF 60 YEARS DESCRIBED AS PT 899 MUKIM 13 DAERAH SEBERANG PERAI TENGAH, PENANG HELD UNDER HS(D) 55767

 

Name & Address Of Chargee

:

MALAYAN BANKING BHD
9 UNION STREET, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.

 

 

 

 

 

Form 40 Dated 06/05/2011

Registered and Numbered 32 In The Register of Charges


ENCUMBRANCE 27

Date of Creation

:

10/06/2011

Description Of Charge

:

1ST PARTY LEGAL CHARGE

 

Amount Secured

:

N/A

Description Of Property Affected

:

1 UNIT OF 6-STOREY COMMERCIAL BUILDING WITH A BASEMENT FLOOR HELD UNDER GRN 37097, LOT 455, SECTION 20, GEORGETOWN, PENANG

 

Name & Address Of Chargee

:

PUBLIC ISLAMIC BANK BHD
85, 87 & 89, JALAN SELAT, TAMAN SELAT, 12000 BUTTERWORTH, PULAU PINANG, MALAYSIA.

 

 

 

 

 

Form 40 Dated 15/06/2011

Registered and Numbered 33 In The Register of Charges


ENCUMBRANCE 28

Date of Creation

:

10/06/2011

Description Of Charge

:

1ST PARTY LEGAL CHARGE

 

Amount Secured

:

N/A

Description Of Property Affected

:

1 UNIT OF 6-STOREY COMMERCIAL BUILDING WITH A BASEMENT FLOOR HELD UNDER GRN 37097, LOT 45, SECTION 20, GEORGETOWN, PENANG

 

Name & Address Of Chargee

:

PUBLIC ISLAMIC BANK BHD
85, 87 & 89, JALAN SELAT, TAMAN SELAT, 12000 BUTTERWORTH, PULAU PINANG, MALAYSIA.

 

 

 

 

 

Form 40 Dated 15/06/2011

Registered and Numbered 34 In The Register of Charges


ENCUMBRANCE 29

Date of Creation

:

01/11/2011

Description Of Charge

:

OPEN CHARGE

 

Amount Secured

:

N/A

Description Of Property Affected

:

N/A

 

Name & Address Of Chargee

:

HONG LEONG BANK BHD

 

 

 

 

 

 

 

 

Form 40 Dated

Registered and Numbered 35 In The Register of Charges



LEGAL CHECK AGAINST SC


* A check has been conducted in our databank againt the SC whether the subject has been involved in any litigation. Our databank consists of 99% of the wound up companies in Malaysia.

No legal action was found in our databank.

No winding up petition was found in our databank.

 

DEFAULTER CHECK AGAINST SC


* We have checked through the SC in our defaulters' database which comprised of debtors that have been blacklisted by our customers and debtors that have been placed or assigned to us for collection since 1990. Information was provided by third party where the debt amount can be disputed. Please check with creditors for confirmation as alleged debts may have been paid since recorded or are being disputed.

No blacklisted record & debt collection case was found in our defaulters' databank.

 

 

PAYMENT RECORD

 

SOURCES OF RAW MATERIALS:

Local

:

YES

Overseas

:

YES

Import Countries

:

INDIA,MIDDLE EAST

 

 

 

The SC refused to provide any name of trade/service supplier and we are unable to conduct any trade enquiry. However, from financial historical data we conclude that :

OVERALL PAYMENT HABIT

Prompt 0-30 Days

[

 

]

 

Good 31-60 Days

[

 

]

 

Average 61-90 Days

[

X

]

 

Fair 91-120 Days

[

 

]

 

Poor >120 Days

[

 

]

 

 

 

 

 

 

 

 

CLIENTELE

 

Local

:

YES

Percentage

:

100%

Domestic Markets

:

MALAYSIA

Overseas

:

NO

Percentage

:

0%

Credit Term

:

30 - 60 DAYS

Payment Mode

:

CHEQUES

Type of Customer

:

AGENTS,DISTRIBUTORS,DEALERS

 

 

OPERATIONS

 

Goods Traded

:

FOOD PRODUCTS

 

 

 

 

Competitor(s)

:

AURIC CHUN YIP SDN BHD
HARPERS TRADING (MALAYSIA) SDN BHD
LUCKY FROZEN SDN BHD
PGEO GROUP SDN BHD
THYE HUAT CHAN SDN BHD

 

 

 

 

 

 

 

 

Member(s) / Affiliate(s)

:

SMI ASSOCIATION OF MALAYSIA

MALAYSIA FOOD & BEVERAGE INDUSTRY

 

 

 

Ownership of premises

:

OWNED

 

 

Total Number of Employees:

 

YEAR

2012

2011

2010

2009

2008

2007

GROUP

N/A

N/A

N/A

N/A

N/A

N/A

COMPANY

10

10

10

10

6

5

 

Branch

:

NO

 

 

Other Information:


The SC is principally engaged in the (as a / as an) trading of food products, consumer goods.

The SC offers a wide range of food products includes as follows:

* Beans and Pulses : Dhall, Mung Dhall, Groundnuts, Chickpeas, Australian Yellow Dhall, White Sago Seeds, Roasted Gram and etc

* Spices : Green Cardamom, Poppy Seeds, Dried Chilies, Turmeric Fingers, Dried Ginger, Coriander Seeds, Black & White Pepper

* Canned Fruits, Fruit Filling & Toppings : Riverdale Bartlett Pear Halves In Syrup, Riverdale Fruit Cocktail In Syrup

* Bakery Ingredients : Almonds, Cashewnuts, Red & Green Glaced Cherries, Hazelnuts, Raisins, Sultanas, Macadamia Nuts

Besides that the SC also distributes herbal skincare products includes:

* Chandrika Ayurvedic Soap

* Sidha Herbal Soap With Tulasi And Neem

* Chandrika Sandal Soap

Besides that the SC also has a warehouse to keep stocks and materials.


PROJECTS


No projects found in our databank

 

CURRENT INVESTIGATION

 

Latest fresh investigations carried out on the SC indicated that :

Telephone Number Provided By Client

:

042627227

Current Telephone Number

:

04-2627227

Match

:

YES

Address Provided by Client

:

PLAZA MWE, SUITE 11.08,11TH FLOOR,NO.8 JALAN LEBUH FARQUHAR,10200,PULAU PINANG,PULAU PINANG.

Current Address

:

PLAZA MWE, 11TH FLOOR, SUITE 11.08, NO.8 JALAN LEBUH FARQUHAR, 10200 PULAU PINANG, PULAU PINANG, MALAYSIA.

Match

:

YES

Latest Financial Accounts

:

YES

 

Other Investigations


On 22nd November 2012 we contacted one of the staff from the Admin Department. She provided some information on the SC.


FINANCIAL ANALYSIS

 

 

Profitability

 

 

 

 

 

 

Turnover

:

Increased

[

2007 - 2011

]

 

Profit/(Loss) Before Tax

:

Decreased

[

2007 - 2011

]

 

Return on Shareholder Funds

:

Unfavourable

[

4.63%

]

 

Return on Net Assets

:

Unfavourable

[

2.36%

]

 

 

 

 

 

 

 

 

The SC's turnover increased steadily as the demand for its products / services increased due to the goodwill built up over the years.The SC's profit fell sharply because of the high operating costs incurred. The unfavourable return on shareholders' funds could indicate that the SC was inefficient in utilising its assets to generate returns.

 

 

 

 

 

 

 

Liquidity

 

 

 

 

 

 

Current Ratio

:

Unfavourable

[

0.84 Times

]

 

 

 

 

 

 

 

 

Due to its weak liquidity position, the SC will be faced with problems in meeting all its short term obligations if no short term loan is obtained or additional capital injected into the SC.

 

 

 

 

 

 

 

Solvency

 

 

 

 

 

 

Liability Ratio

:

Unfavourable

[

1.91 Times

]

 

 

 

 

 

 

 

 

The SC has high liabilities ratio and it may face financial difficulties if no additional capital is injected.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Overall Assessment :

 

 

 

 

 

 

Although the SC's turnover had increased, its profits had declined over the same corresponding period. This could be due to the stiffer market competition and / or higher operating costs which lowered the SC's profit margin. The SC's liquidity was at an acceptable range. If the SC is able to obtain further short term financing, it should be able to meet all its short term obligations. The SC's liabilities level was high and its going concern will be in doubt if there is no injection of additional shareholders' funds in times of economic downturn and / or high interest rates.

 

 

 

 

 

 

 

Overall financial condition of the SC : POOR

 

 

MALAYSIA ECONOMIC / INDUSTRY OUTLOOK

 

Major Economic Indicators:

2008

2009

2010

2011*

2012**

 

 

 

 

 

 

Population ( Million)

27.73

28.13

28.35

28.70

29.10

Gross Domestic Products ( % )

4.6

<0.5>

7.2

5.5

5.3

Domestic Demand ( % )

6.9

2.9

6.3

4.8

7.6

Private Expenditure ( % )

7.1

<2.7>

8.1

7.0

8.7

Consumption ( % )

8.4

0.7

6.7

6.3

7.1

Investment ( % )

1.5

<17.2>

17.7

16.2

15.9

Public Expenditure ( % )

6.5

5.2

3.8

7.6

4.7

Consumption ( % )

11.6

3.1

0.2

8.9

3.0

Investment ( % )

0.7

8.0

2.8

0.6

7.0

 

 

 

 

 

 

Balance of Trade ( MYR Million )

129,563

89,650

118,356

116,058

-

Government Finance ( MYR Million )

<34,462>

<28,450>

<40,482>

<45,511>

<43,021>

Government Finance to GDP / Fiscal Deficit ( % )

<4.8>

<4.8>

<5.6>

<5.4>

<4.7>

Inflation ( % Change in Composite CPI)

<3.3>

<5.2>

5.1

3.1

-

Unemployment Rate

3.7

4.5

3.9

3.3

-

 

 

 

 

 

 

Net International Reserves ( MYR Billion )

388

331

329

415

-

Average Risk-Weighted Capital Adequacy Ratio ( % )

1.91

2.87

2.20

3.50

-

Average 3 Months of Non-performing Loans ( % )

13.24

11.08

15.30

14.80

-

Average Base Lending Rate ( % )

6.72

5.53

6.30

6.60

-

Business Loans Disbursed( % )

11.6

10.5

14.7

15.3

-

Foreign Investment ( MYR Million )

23,261.4

22,156.8

22,517.9

23,546.1

-

Consumer Loans ( % )

-

-

-

-

-

 

 

 

 

 

 

Registration of New Companies ( No. )

41,599

41,578

44,148

-

-

Registration of New Companies ( % )

<4.0>

<0.1>

6.2

-

-

Liquidation of Companies ( No. )

27,992

39,075

25,585

-

-

Liquidation of Companies ( % )

23.7

39.6

<34.5>

-

-

 

 

 

 

 

 

Registration of New Business ( No. )

269,866

312,581

271,414

-

-

Registration of New Business ( % )

-

-

-

-

-

Business Dissolved ( No. )

18,885

19,345

19,738

-

-

Business Dissolved ( % )

<7.6>

2.4

2.0

-

-

 

 

 

 

 

 

Sales of New Passenger Cars (' 000 Unit )

497.5

486.3

543.6

363.0

-

Cellular Phone Subscribers ( Million )

25.1

30.1

32.8

35.3

-

Tourist Arrival ( Million Persons )

21.5

23.6

24.6

25.3

-

Hotel Occupancy Rate ( % )

68.0

58.0

63.0

51.3

-

 

 

 

 

 

 

Credit Cards Spending ( % )

17.1

12.8

14.1

15.6

-

Bad Cheque Offenders (No.)

34,834

36,667

33,568

27,208

-

Individual Bankruptcy ( No.)

13,907

16,228

18,119

16,155

-

Individual Bankruptcy ( % )

5.1

16.7

11.7

<10.8>

-

 

 

 

 

 

 

 

INDUSTRIES ( % of Growth ):

2008

2009

2010

2011*

2012**

 

 

 

 

 

 

Agriculture

3.6

0.4

2.1

4.7

4.1

Palm Oil

7.0

<1.1>

<3.4>

7.3

-

Rubber

<1.1>

<19.8>

9.9

6.4

-

Forestry & Logging

<1.5>

<5.9>

<3.3>

<4.7>

-

Fishing

4.0

5.5

5.6

2.8

-

Other Agriculture

5.9

9.0

7.9

8.5

-

Industry Non-Performing Loans ( MYR Million )

393.0

413.7

508.4

634.1

-

% of Industry Non-Performing Loans

<2.0>

1.3

2.1

3.2

-

 

 

 

 

 

 

Mining

<0.8>

<3.8>

0.2

<2.4>

2.5

Oil & Gas

12.7

2.1

0.5

<1.7>

-

Other Mining

-

-

-

-

-

Industry Non-performing Loans ( MYR Million )

36.0

44.2

49.7

46.5

-

% of Industry Non-performing Loans

0.1

0.1

0.1

0.1

-

 

 

 

 

 

 

Manufacturing #

1.3

<9.4>

11.4

5.6

4.5

Exported-oriented Industries

2.7

<19.0>

12.1

2.8

-

Electrical & Electronics

2.4

<30.3>

28.4

<4.9>

-

Rubber Products

4.2

<10.1>

25.3

15.4

-

Wood Products

<6.0>

<24.1>

20.1

<7.3>

-

Textiles & Apparel

1.9

<19.5>

<0.4>

14.8

-

Domestic-oriented Industries

9.9

<9.8>

16.3

6.3

-

Food, Beverages & Tobacco

9.5

0.2

3.0

4.2

-

Chemical & Chemical Products

1.4

<7.7>

16.2

5.6

-

Plastic Products

6.5

<9.1>

2.4

3.8

-

Iron & Steel

16.8

<32.7>

29.3

2.4

-

Fabricated Metal Products

14.7

<2.5>

14.9

25.2

-

Non-metallic Mineral

8.3

<15.5>

20.2

16.3

-

Transport Equipment

27.1

<13.5>

36.5

<9.4>

-

Paper & Paper Products

8.6

<5.0>

18.7

15.6

-

Crude Oil Refineries

7.8

0.2

<11.4>

9.3

-

Industry Non-Performing Loans ( MYR Million )

5,729.4

6,007.3

6,217.5

6,537.2

-

% of Industry Non-Performing Loans

16.8

18.3

23.8

25.7

-

 

 

 

 

 

 

Construction

2.1

5.8

5.1

4.4

7.0

Industry Non-Performing Loans ( MYR Million )

4,149.8

3,241.8

4,038.5

3,856.9

-

% of Industry Non-Performing Loans

12.2

9.9

10.7

10.2

-

 

 

 

 

 

 

Services

7.3

2.6

6.5

6.4

6.5

Electric, Gas & Water

5.0

0.4

8.5

5.6

4.8

Transport, Storage & Communication

7.8

1.6

7.7

6.5

7.3

Wholesale, Retail, Hotel & Restaurant

10.0

2.8

4.7

5.2

6.9

Finance, Insurance & Real Estate

9.2

3.8

6.1

6.3

6.5

Government Services

8.6

2.0

6.7

7.6

5.6

Other Services

5.9

4.4

4.2

5.4

5.7

Industry Non-Performing Loans ( MYR Million )

8,281.4

6,631.3

7,384.6

6,825.2

-

% of Industry Non-Performing Loans

24.3

20.2

25.7

23.4

-

 

 

 

 

 

 

 

 

 

 

 

 

* Estimate / Preliminary

 

 

 

 

 

** Forecast

 

 

 

 

 

# Based On Manufacturing Production Index
(Source : Department of Statistics / Economic Report / Bank Negara Report)



INDUSTRY ANALYSIS

 

MSIC CODE

51239 : Wholesale of other foodstuffs e.g mee,kueh teow, wantan skin and related products,cooking oil, tinned food, etc

 

 

INDUSTRY :

TRADING

 

 

 


The wholesale and retail trade sector grew 7.1% in the first half of the year 2011 supported by strong consumer spending amid favourable labour market conditions and sustained disposable income. This was reflected in the higher distributive trade index which increased 15.9%, with wholesale and retail trade indices increasing 19.2% and 7.8%, respectively.


It is anticipated that the retail industry will grow 6.0 per cent in the year 2012.


Malaysia's retail sector for 2011 is expected to grow 6 per cent or RM81.59 billion worth of retail sales, similar to the year 2010, due to concerns of high oil prices, declining purchasing power and high cost of doing business. The Middle East and North Africa civil wars have caused the world oil prices to climb. This has led to further rise in the cost of running retail businesses, especially in terms of transportation cost. Many retailers have no choice but to pass the increased cost to end consumers. At the same time, natural disasters (tsunamis, floods, droughts, snow storms, tornadoes and earthquakes) that occurred in all parts of the world has also led to a shortage in the supply of food and raw materials. The phenomenon has pushed retail prices up.In addition, the continual removal of government subsidies since 2010 has pushed inflation upwards. Consequently, rising prices of retail goods contributed to an expectation of moderate performance.


During the first seven months of 2011, other consumption indicators such as imports of consumption goods and credit card spending increased 12.8% and 11.8%, respectively. Sales of motor vehicles declined 3% on account of supply chain disruptions following devastating March 2011 earthquake and tsunami in Japan.


Growth of the sector is anticipated to remain encouraging with ongoing efforts by the Government to increase its contribution to the economy. Major initiatives include increasing the number of large format stores such as hypermarkets, superstores and departmental stores are carried out to boost the economy.


Meanwhile, the Government has introduced the Retail Shop Transformation (TUKAR) programme. Under this programme, selected large format retailers will assist small retailers to improve their premises and layout which include attractive product display shelves, enhanced lighting and point-of-sales system to manage product inventory,

 

 

OVERALL INDUSTRY OUTLOOK : Average Growth



CREDIT RISK EVALUATION & RECOMMENDATION

 

 

Incorporated in 1987, the SC is a Private Limited company, focusing on trading of food products, consumer goods. With over 2 decades of experience in the business, the SC has fairly rich experiences in the business and has achieved a certain market share. The capital standing of the SC is fair. With an adequate share capital, the SC has the potential of expanding its business in future.


Information revealed that the SC solely focuses on domestic market rather than overseas market. We believe that this narrow market segment would limit the SC's business opportunities and the SC is likely to be affected by the uncertainties in local economy. However, its long presence in the market has enabled the SC to gain certain market shares and established good rapport with its clients. Thus, its business risk is diversified. Being a small company, the SC's business operation is supported by 10 employees. Overall, we regard that the SC's management capability is average.


Financially, the SC registered a higher turnover compared to previous year. However, its profits showed a reverse trend. The lower profit achieved was a result of higher operating cost and increased competition. The SC has generated an unfavourable return on shareholders' funds indicating that the management was inefficient in utilising its funds to generate return. Due to its weak liquidity position, the SC may face working capital deficiency in meeting its short term financial obligations if no fresh capital are injected into the SC. The SC has high liabilities ratio and it may face financial difficulties if no additional capital is injected. However, given a positive net worth standing at MYR 34,171,471, the SC should be able to maintain its business in the near terms.


Having a strong assets backing, the SC possesses latent assets as collateral for further financial extension. Hence, it has good chance of getting loans if the needs arises. The SC's supplier are from both the local and overseas countries. This will eliminates the risk of dependency on deliveries from a number of key suppliers and insufficient quantities of its raw materials.


The SC's payment habit is average. With its adequate working capital, the SC should be able to pay its short term debts.


The industry shows an upward trend and this trend is very likely to sustain in the near terms. Hence, the SC is expected to benefit from the favourable outlook of the industry.


Based on the above condition, we recommend credit be granted to the SC normally.



PROFIT AND LOSS ACCOUNT

 

 

THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS)

YUSUF TAIYOOB SDN. BHD.

 

Financial Year End

30/06/2011

30/06/2010

30/06/2009

30/06/2008

30/06/2007

Months

12

12

12

12

12

Consolidated Account

Company

Company

Company

Company

Company

Audited Account

YES

YES

YES

YES

YES

Unqualified Auditor's Report (Clean Opinion)

YES

YES

YES

YES

YES

Financial Type

SUMMARY

FULL

FULL

FULL

FULL

Currency

MYR

MYR

MYR

MYR

MYR

 

 

 

 

 

 

TURNOVER

46,774,279

40,462,553

39,919,772

41,579,025

33,142,524

 

----------------

----------------

----------------

----------------

----------------

Total Turnover

46,774,279

40,462,553

39,919,772

41,579,025

33,142,524

 

----------------

----------------

----------------

----------------

----------------

 

 

 

 

 

 

PROFIT/(LOSS) FROM OPERATIONS

1,262,402

2,165,104

1,457,047

1,516,306

696,905

 

----------------

----------------

----------------

----------------

----------------

PROFIT/(LOSS) BEFORE TAXATION

1,262,402

2,165,104

1,457,047

1,516,306

696,905

Taxation

320,090

<1,064,257>

<805,842>

<602,506>

<257,413>

 

----------------

----------------

----------------

----------------

----------------

PROFIT/(LOSS) AFTER TAXATION

1,582,492

1,100,847

651,205

913,800

439,492

 

----------------

----------------

----------------

----------------

----------------

RETAINED PROFIT/(LOSS) BROUGHT FORWARD

 

 

 

 

 

As previously reported

7,002,898

7,596,555

6,152,711

5,238,911

4,799,419

Prior year adjustment

-

<1,694,504>

4,792,639

-

-

 

----------------

----------------

----------------

----------------

----------------

As restated

7,002,898

5,902,051

10,945,350

5,238,911

4,799,419

 

----------------

----------------

----------------

----------------

----------------

PROFIT AVAILABLE FOR APPROPRIATIONS

8,585,390

7,002,898

11,596,555

6,152,711

5,238,911

DIVIDENDS - Ordinary (paid & proposed)

-

-

<4,000,000>

-

-

 

----------------

----------------

----------------

----------------

----------------

RETAINED PROFIT/(LOSS) CARRIED FORWARD

8,585,390

7,002,898

7,596,555

6,152,711

5,238,911

 

=============

=============

=============

=============

=============

 

 

 

 

 

 

INTEREST EXPENSE (as per notes to P&L)

 

 

 

 

 

Lease interest

-

7,473

11,609

49,266

68,079

Term loan / Borrowing

-

886,859

1,087,434

334,590

58,973

Others

-

489,378

892,154

927,407

646,876

 

----------------

----------------

----------------

----------------

----------------

 

-

1,383,710

1,991,197

1,311,263

773,928

 

 

BALANCE SHEET

 

 

YUSUF TAIYOOB SDN. BHD.

 

ASSETS EMPLOYED:

 

 

 

 

 

FIXED ASSETS

45,972,832

44,007,199

41,602,350

23,023,415

10,888,107

 

 

 

 

 

 

LONG TERM INVESTMENTS/OTHER ASSETS

 

 

 

 

 

Investment properties

-

12,856,605

12,788,026

11,699,417

6,950,086

 

----------------

----------------

----------------

----------------

----------------

TOTAL LONG TERM INVESTMENTS/OTHER ASSETS

14,956,605

12,856,605

12,788,026

11,699,417

6,950,086

 

 

 

 

 

 

 

----------------

----------------

----------------

----------------

----------------

TOTAL LONG TERM ASSETS

60,929,437

56,863,804

54,390,376

34,722,832

17,838,193

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

Stocks

-

21,127,034

18,953,713

18,229,367

15,249,027

Trade debtors

-

5,665,393

4,480,375

6,072,247

4,805,900

Other debtors, deposits & prepayments

-

239,163

197,042

629,917

451,127

Short term deposits

-

3,463,730

3,396,316

3,790,502

3,645,106

Cash & bank balances

-

1,401,480

609,256

-

-

Others

-

-

423,167

423,167

423,167

 

----------------

----------------

----------------

----------------

----------------

TOTAL CURRENT ASSETS

38,487,857

31,896,800

28,059,869

29,145,200

24,574,327

 

----------------

----------------

----------------

----------------

----------------

TOTAL ASSET

99,417,294

88,760,604

82,450,245

63,868,032

42,412,520

 

=============

=============

=============

=============

=============

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

Trade creditors

-

8,124,105

852,310

228,978

647,083

Other creditors & accruals

-

976,372

1,394,221

3,637,274

9,813,015

Hire purchase & lease creditors

-

-

-

362,537

381,846

Bank overdraft

-

-

-

254,954

421,895

Short term borrowings/Term loans

-

21,842,595

24,973,877

1,429,523

223,673

Bill & acceptances payable

-

-

-

29,992,000

21,095,000

Other liabilities & accruals

-

25,490

23,859

-

-

Amounts owing to director

-

7,074,488

5,643,751

1,336,489

1,399,975

Provision for taxation

-

1,381,500

465,599

354,602

277,298

 

----------------

----------------

----------------

----------------

----------------

TOTAL CURRENT LIABILITIES

45,921,505

39,424,550

33,353,617

37,596,357

34,259,785

 

----------------

----------------

----------------

----------------

----------------

NET CURRENT ASSETS/(LIABILITIES)

<7,433,648>

<7,527,750>

<5,293,748>

<8,451,157>

<9,685,458>

 

----------------

----------------

----------------

----------------

----------------

TOTAL NET ASSETS

53,495,789

49,336,054

49,096,628

26,271,675

8,152,735

 

=============

=============

=============

=============

=============

 

 

 

 

 

 

SHARE CAPITAL

 

 

 

 

 

Ordinary share capital

5,000,000

5,000,000

5,000,000

1,000,000

1,000,000

 

----------------

----------------

----------------

----------------

----------------

TOTAL SHARE CAPITAL

5,000,000

5,000,000

5,000,000

1,000,000

1,000,000

 

 

 

 

 

 

RESERVES

 

 

 

 

 

Revaluation reserve

20,586,081

16,295,938

16,295,938

8,895,873

-

Retained profit/(loss) carried forward

8,585,390

7,002,898

7,596,555

6,152,711

5,238,911

 

----------------

----------------

----------------

----------------

----------------

TOTAL RESERVES

29,171,471

23,298,836

23,892,493

15,048,584

5,238,911

 

 

 

 

 

 

 

----------------

----------------

----------------

----------------

----------------

SHAREHOLDERS' FUNDS/EQUITY

34,171,471

28,298,836

28,892,493

16,048,584

6,238,911

 

 

 

 

 

 

LONG TERM LIABILITIES

 

 

 

 

 

Long term loans

-

20,802,822

19,956,505

9,735,705

1,099,107

Lease obligations

-

74,165

99,656

429,815

792,352

Deferred taxation

-

160,231

147,974

57,571

22,365

 

----------------

----------------

----------------

----------------

----------------

TOTAL LONG TERM LIABILITIES

19,324,318

21,037,218

20,204,135

10,223,091

1,913,824

 

----------------

----------------

----------------

----------------

----------------

 

53,495,789

49,336,054

49,096,628

26,271,675

8,152,735

 

=============

=============

=============

=============

=============

 

 

 

 

 

 

 

 

FINANCIAL RATIO

 

 

YUSUF TAIYOOB SDN. BHD.

 

TYPES OF FUNDS

 

 

 

 

 

Cash

-

4,865,210

4,005,572

3,790,502

3,645,106

Net Liquid Funds

-

4,865,210

4,005,572

3,535,548

3,223,211

Net Liquid Assets

<7,433,648>

<28,654,784>

<24,247,461>

<26,680,524>

<24,934,485>

Net Current Assets/(Liabilities)

<7,433,648>

<7,527,750>

<5,293,748>

<8,451,157>

<9,685,458>

Net Tangible Assets

53,495,789

49,336,054

49,096,628

26,271,675

8,152,735

Net Monetary Assets

<26,757,966>

<49,692,002>

<44,451,596>

<36,903,615>

<26,848,309>

BALANCE SHEET ITEMS

 

 

 

 

 

Total Borrowings

-

42,719,582

45,030,038

12,212,534

2,918,873

Total Liabilities

65,245,823

60,461,768

53,557,752

47,819,448

36,173,609

Total Assets

99,417,294

88,760,604

82,450,245

63,868,032

42,412,520

Net Assets

53,495,789

49,336,054

49,096,628

26,271,675

8,152,735

Net Assets Backing

34,171,471

28,298,836

28,892,493

16,048,584

6,238,911

Shareholders' Funds

34,171,471

28,298,836

28,892,493

16,048,584

6,238,911

Total Share Capital

5,000,000

5,000,000

5,000,000

1,000,000

1,000,000

Total Reserves

29,171,471

23,298,836

23,892,493

15,048,584

5,238,911

LIQUIDITY (Times)

 

 

 

 

 

Cash Ratio

-

0.12

0.12

0.10

0.11

Liquid Ratio

-

0.27

0.27

0.29

0.27

Current Ratio

0.84

0.81

0.84

0.78

0.72

WORKING CAPITAL CONTROL (Days)

 

 

 

 

 

Stock Ratio

-

191

173

160

168

Debtors Ratio

-

51

41

53

53

Creditors Ratio

-

73

8

2

7

SOLVENCY RATIOS (Times)

 

 

 

 

 

Gearing Ratio

-

1.51

1.56

0.76

0.47

Liabilities Ratio

1.91

2.14

1.85

2.98

5.80

Times Interest Earned Ratio

-

2.56

1.73

2.16

1.90

Assets Backing Ratio

10.70

9.87

9.82

5.25

1.63

PERFORMANCE RATIO (%)

 

 

 

 

 

Operating Profit Margin

2.70

5.35

3.65

3.65

2.10

Net Profit Margin

3.38

2.72

1.63

2.20

1.33

Return On Net Assets

2.36

7.19

7.02

10.76

18.04

Return On Capital Employed

2.36

7.19

7.02

10.52

16.42

Return On Shareholders' Funds/Equity

4.63

3.89

2.25

5.69

7.04

Dividend Pay Out Ratio (Times)

-

0.00

6.14

0.00

0.00

NOTES TO ACCOUNTS

 

 

 

 

 

Contingent Liabilities

-

0

0

0

0



 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.69

UK Pound

1

Rs.89.19

Euro

1

Rs.72.10

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.