|
* Adopted abbreviations :
|
SC - Subject Company (the company enquired by you)
|
|
|
|
N/A - Not Applicable
|
|
|
|
EXECUTIVE
SUMMARY
|
REGISTRATION NO.
|
:
|
222455-P
|
|
COMPANY NAME
|
:
|
YENHER AGRO-PRODUCTS SDN. BHD.
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
07/08/1991
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
EXEMPT PRIVATE (LIMITED BY SHARE)
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
1172,JALAN GEREJA, PERMATANG TINGGI VILLAGE, SIMPANG AMPAT, 14100 SEBERANG
PERAI TENGAH, PULAU PINANG, MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
1628, JALAN IKS SIMPANG AMPAT 1, TAMAN IKS SIMPANG AMPAT, 14100
SEBERANG PERAI TENGAH, PULAU PINANG, MALAYSIA.
|
|
TEL.NO.
|
:
|
04-5880887
|
|
FAX.NO.
|
:
|
04-5880928
|
|
CONTACT PERSON
|
:
|
CHENG MOOH TAT ( MANAGING DIRECTOR )
|
|
|
|
|
|
INDUSTRY CODE
|
:
|
10800
|
|
PRINCIPAL ACTIVITY
|
:
|
MANUFACTURING AND TRADING OF ANIMAL FEEDS
|
|
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
2,000,000.00 DIVIDED INTO
ORDINARY SHARES 2,000,000 CASH OF MYR 1.00 EACH.
|
|
|
|
|
|
SALES
|
:
|
N/A
|
|
NET WORTH
|
:
|
N/A
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
60 [2013]
|
|
BANKER (S)
|
:
|
|
CIMB BANK
BHD
MALAYAN BANKING BHD
RHB BANK BHD
|
|
|
|
LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER CHECK
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
AVERAGE
|
|
|
|
|
|
COMMERCIAL RISK
|
:
|
MODERATE
|
|
CURRENCY EXPOSURE
|
:
|
MODERATE
|
|
GENERAL REPUTATION
|
:
|
SATISFACTORY
|
|
INDUSTRY OUTLOOK
|
:
|
AVERAGE GROWTH
|
HISTORY / BACKGROUND
The SC is an exempt private company which is allowed to have a minimum
of two and a maximum of twenty shareholders and all the shareholders must be
individuals. An exempt company is a type of private limited company. 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, suing or be sued by other companies. The SC is governed by the
Companies Act, 1965 and must file in its annual return. The SC need not file
in its financial statements but it has to file in a document duly signed by
its director in charge of its finance, the secretary and its auditor stating
that the SC is able to meet all its obligations as and when they fall due.
Although the SC is not required to file in its financial statements, it also
has to prepare its financial account which must be presented at the Annual
General Meeting.
The SC is principally engaged in the (as a / as an) manufacturing and
trading of animal feeds.
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
|
(%)
|
|
MR. CHENG MOOH TAT +
|
1172 JALAN GEREJA, KAMPUNG PTG TINGGI, 14000 BUKIT MERTAJAM, PULAU
PINANG, MALAYSIA.
|
630324-07-5639
|
970,000.00
|
48.50
|
|
MR. CHENG MOOH CHYE +
|
1628, JALAN IKS SIMPANG AMPAT 1, TAMAN IKS SIMPANG AMPAT, 14100
SEBERANG PERAI TENGAH, PULAU PINANG, MALAYSIA.
|
581117-07-5611
|
492,000.00
|
24.60
|
|
MR. CHENG MOOH KHENG +
|
18, LORONG TAMBUN INDAH 18, TAMAN TAMBUN INDAH, 14100 SEBERANG PERAI
TENGAH, PULAU PINANG, MALAYSIA.
|
680801-07-5195
|
492,000.00
|
24.60
|
|
MR. CHENG MOOH LIM
|
1172 PMTG.TINGGI, BKT.MERTAJAM, SEBERANG PERAI,PENANG, MALAYSIA.
|
660805-07-5127
|
46,000.00
|
2.30
|
|
|
|
|
---------------
|
------
|
|
|
|
|
2,000,000.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
MR. CHENG MOOH KHENG
|
|
Address
|
:
|
18, LORONG TAMBUN INDAH 18, TAMAN TAMBUN INDAH, 14100 SEBERANG PERAI
TENGAH, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
680801-07-5195
|
|
Date of Birth
|
:
|
01/08/1968
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of Appointment
|
:
|
02/08/1993
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject
|
:
|
MR. CHENG MOOH CHYE
|
|
Address
|
:
|
1628, JALAN IKS SIMPANG AMPAT 1, TAMAN IKS SIMPANG AMPAT, 14100
SEBERANG PERAI TENGAH, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
581117-07-5611
|
|
Date of Birth
|
:
|
17/11/1958
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of Appointment
|
:
|
02/08/1993
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject
|
:
|
MR. CHENG MOOH TAT
|
|
Address
|
:
|
1172 JALAN GEREJA, KAMPUNG PTG TINGGI, 14000 BUKIT MERTAJAM, PULAU
PINANG, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
630324-07-5639
|
|
Date of Birth
|
:
|
24/03/1963
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of Appointment
|
:
|
07/08/1991
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
CHENG MOOH TAT
|
|
|
Position
|
:
|
MANAGING DIRECTOR
|
|
|
|
|
|
|
2)
|
Name of Subject
|
:
|
TEOH MOOI TENG
|
|
|
Position
|
:
|
FINANCE MANAGER
|
|
|
|
|
|
|
3)
|
Name of Subject
|
:
|
CHENG MOOH KHENG
|
|
|
Position
|
:
|
MARKETING DIRECTOR
|
|
|
|
|
|
AUDITOR
|
Auditor
|
:
|
K.B.WONG & CO
|
|
Auditor' Address
|
:
|
5TH FLOOR, BLOK 2, GAT LEBUH MACALLUM, 10300 GEORGE TOWN, PULAU
PINANG, MALAYSIA.
|
|
|
|
|
|
|
|
|
COMPANY SECRETARIES
|
1)
|
Company Secretary
|
:
|
MS. CHUAH LAY NAH
|
|
|
|
|
|
|
|
New IC No
|
:
|
750420-07-5600
|
|
|
Address
|
:
|
NO. 339, JLN. LIMA KONGSI, SUNGAI BAKAP, 14200 SUNGAI JAWI.,
MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
Banking relations are maintained principally with :
|
2)
|
Name
|
:
|
MALAYAN BANKING BHD
|
|
|
|
|
|
|
|
|
|
|
ENCUMBRANCE (S)
|
Charge No
|
Creation Date
|
Charge
Description
|
Chargee Name
|
Total Charge
|
Status
|
|
1
|
03/06/1993
|
MEMO OF
DEPOSIT
|
KWONG YIK BANK BERHAD
|
MYR 100,000.00
|
Unsatisfied
|
|
2
|
27/05/1994
|
N/A
|
SOUTHERN BANK BERHAD
|
MYR 70,000.00
|
Satisfied
|
|
3
|
27/05/1994
|
N/A
|
SOUTHERN BANK BERHAD
|
MYR 70,000.00
|
Satisfied
|
|
4
|
15/02/1996
|
N/A
|
KWONG YIK BANK BERHAD
|
MYR 700,000.00
|
Unsatisfied
|
|
4P
|
15/02/1996
|
MEMO OF
DEPOSIT
|
KWONG YIK BANK BHD
|
MYR 700,000.00
|
Unsatisfied
|
|
5
|
03/09/2003
|
N/A
|
RHB BANK BERHAD
|
N/A
|
Unsatisfied
|
|
6
|
25/02/2004
|
N/A
|
CIMB BANK BERHAD
|
MYR 400,000.00
|
Satisfied
|
|
7
|
10/06/2004
|
N/A
|
RHB BANK BERHAD
|
N/A
|
Unsatisfied
|
|
8
|
27/04/2007
|
N/A
|
RHB BANK BHD
|
N/A
|
Unsatisfied
|
|
9
|
30/04/2008
|
THE SECURITY
DOCUMENTS & THE CHARGE
|
RHB BANK BHD
|
N/A
|
Unsatisfied
|
|
10
|
17/10/2012
|
N/A
|
MALAYAN BANKING BHD
|
MYR 7,540,000.00
|
Unsatisfied
|
|
11
|
25/10/2012
|
N/A
|
MALAYAN BANKING BHD
|
N/A
|
Unsatisfied
|
|
12
|
02/11/2012
|
N/A
|
BANGKOK BANK BHD
|
N/A
|
Unsatisfied
|
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
|
:
|
BRAZIL,ITALY,NETHERLANDS,CHINA,THAILAND
|
CLIENTELE
|
Local
|
:
|
YES
|
|
Domestic Markets
|
:
|
MALAYSIA
|
|
Overseas
|
:
|
YES
|
|
|
|
|
Export Market
|
:
|
INDONESIA
HONG KONG
|
|
Credit Term
|
:
|
30 - 60 DAYS
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
TELEGRAPHIC TRANSFER (TT)
|
|
Type of Customer
|
:
|
POULTRY FARMS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
Products manufactured
|
:
|
|
|
|
|
|
|
Competitor(s)
|
:
|
DINDINGS SOYA
& MULTIFEEDS SDN BHD
GOLD COIN SARAWAK SDN BHD
PK AGRO-INDUSTRIAL PRODUCTS (M) SDN. BHD.
PTS GOLDKIST INDUSTRIES SDN BHD
ZUE GUAN FEEDMILLS SDN BHD
|
|
|
|
|
|
Member(s) / Affiliate(s)
|
:
|
SMI ASSOCIATION OF MALAYSIA
SMALL & MEDIUM ENTERPRISE
|
|
|
|
|
|
Ownership of premises
|
:
|
OWNED
|
|
Total Number of Employees:
|
|
|
YEAR
|
2013
|
2012
|
2011
|
2010
|
2009
|
|
|
|
|
|
|
|
GROUP
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|
|
|
|
|
COMPANY
|
60
|
60
|
60
|
55
|
50
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) manufacturing and trading
of animal feeds.
The SC produces feed premixes for poultry including for pigs and chickens.
The SC's animal feeds are made of soya and maize.
Besides that the SC also offers feed addtivies, animal health products,
livestock equipment include hencoop, feeder, castiron, waste water treatment,
genetic suppliers & milk powder.
PROJECTS
No projects found in our databank
CURRENT INVESTIGATION
Latest fresh
investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client
|
:
|
N/A
|
|
Current Telephone Number
|
:
|
04-5880887
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
1628, JALAN IKS SIMPANG AMPAT 1, TAMAN IKS SIMPANG AMPAT, TAMAN IKS
SIMPANG AMPAT, SEBERANG PERAI SELATAN PENANG
|
|
Current Address
|
:
|
1628, JALAN IKS SIMPANG AMPAT 1, TAMAN IKS SIMPANG AMPAT, 14100 SEBERANG
PERAI TENGAH, PULAU PINANG, MALAYSIA.
|
|
Match
|
:
|
NO
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
NO
|
Other Investigations
We contacted one of the staff from the SC and she provided some information
on the SC.
The address provided is incomplete.
FINANCIAL ANALYSIS
|
The SC is a private exempt company which does not need to file in
its accounts with the Registrar of Companies for the information of the
public. Therefore, we are not able to comment on the SC's financial
performance.
|
|
|
|
|
|
|
|
|
|
Overall financial condition of the SC : N/A
|
MALAYSIA ECONOMIC / INDUSTRY
OUTLOOK
|
Major Economic Indicators:
|
2009
|
2010
|
2011
|
2012*
|
2013**
|
|
|
|
|
|
|
|
|
Population ( Million)
|
28.13
|
28.35
|
28.70
|
29.30
|
29.80
|
|
Gross Domestic Products ( % )
|
<0.5>
|
7.2
|
5.1
|
5.6
|
5.3
|
|
Domestic Demand ( % )
|
2.9
|
6.3
|
8.2
|
9.4
|
5.6
|
|
Private Expenditure ( % )
|
<2.7>
|
8.1
|
8.2
|
8.0
|
7.4
|
|
Consumption ( % )
|
0.7
|
6.7
|
7.1
|
1.0
|
5.7
|
|
Investment ( % )
|
<17.2>
|
17.7
|
12.2
|
11.7
|
13.3
|
|
Public Expenditure ( % )
|
5.2
|
3.8
|
8.4
|
13.3
|
1.2
|
|
Consumption ( % )
|
3.1
|
0.2
|
16.1
|
11.3
|
<1.2>
|
|
Investment ( % )
|
8.0
|
2.8
|
<0.3>
|
15.9
|
4.2
|
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million )
|
89,650
|
118,356
|
116,058
|
106,300
|
110,700
|
|
Government Finance ( MYR Million )
|
<28,450>
|
<40,482>
|
<45,511>
|
<42,297>
|
<39,993>
|
|
Government Finance to GDP / Fiscal Deficit ( % )
|
<4.8>
|
<5.6>
|
<5.4>
|
<4.5>
|
<4.0>
|
|
Inflation ( % Change in Composite CPI)
|
<5.2>
|
5.1
|
3.1
|
1.6
|
2.5
|
|
Unemployment Rate
|
4.5
|
3.9
|
3.3
|
3.2
|
3.0
|
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion )
|
331
|
329
|
415
|
427
|
-
|
|
Average Risk-Weighted Capital Adequacy Ratio ( % )
|
2.87
|
2.20
|
3.50
|
2.20
|
-
|
|
Average 3 Months of Non-performing Loans ( % )
|
11.08
|
15.30
|
14.80
|
14.70
|
-
|
|
Average Base Lending Rate ( % )
|
5.53
|
6.30
|
6.60
|
6.53
|
-
|
|
Business Loans Disbursed( % )
|
10.5
|
14.7
|
15.3
|
32.2
|
-
|
|
Foreign Investment ( MYR Million )
|
22,156.8
|
22,517.9
|
23,546.1
|
26,230.4
|
-
|
|
Consumer Loans ( % )
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Companies ( No. )
|
41,578
|
44,148
|
45,455
|
45,441
|
-
|
|
Registration of New Companies ( % )
|
<0.1>
|
6.2
|
3.0
|
<0.0>
|
-
|
|
Liquidation of Companies ( No. )
|
39,075
|
25,585
|
132,476
|
-
|
-
|
|
Liquidation of Companies ( % )
|
39.6
|
<34.5>
|
417.8
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Business ( No. )
|
312,581
|
271,414
|
284,598
|
324,761
|
-
|
|
Registration of New Business ( % )
|
-
|
-
|
-
|
-
|
-
|
|
Business Dissolved ( No. )
|
19,345
|
19,738
|
20,121
|
-
|
-
|
|
Business Dissolved ( % )
|
2.4
|
2.0
|
1.9
|
-
|
-
|
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit )
|
486.3
|
543.6
|
535.1
|
552.2
|
-
|
|
Cellular Phone Subscribers ( Million )
|
30.1
|
32.8
|
35.3
|
38.5
|
-
|
|
Tourist Arrival ( Million Persons )
|
23.6
|
24.6
|
24.7
|
25.0
|
-
|
|
Hotel Occupancy Rate ( % )
|
58.0
|
63.0
|
60.6
|
62.4
|
-
|
|
|
|
|
|
|
|
|
Credit Cards Spending ( % )
|
12.8
|
14.1
|
15.6
|
12.6
|
-
|
|
Bad Cheque Offenders (No.)
|
36,667
|
33,568
|
32,627
|
26,982
|
-
|
|
Individual Bankruptcy ( No.)
|
16,228
|
18,119
|
19,167
|
19,575
|
-
|
|
Individual Bankruptcy ( % )
|
16.7
|
11.7
|
5.8
|
2.1
|
-
|
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ):
|
2009
|
2010
|
2011
|
2012*
|
2013**
|
|
|
|
|
|
|
|
|
Agriculture
|
0.4
|
2.1
|
5.9
|
0.6
|
2.4
|
|
Palm Oil
|
<1.1>
|
<3.4>
|
10.8
|
<2.8>
|
-
|
|
Rubber
|
<19.8>
|
9.9
|
6.1
|
<0.6>
|
-
|
|
Forestry & Logging
|
<5.9>
|
<3.3>
|
<7.6>
|
<2.2>
|
-
|
|
Fishing
|
5.5
|
5.6
|
2.1
|
<0.7>
|
-
|
|
Other Agriculture
|
9.0
|
7.9
|
7.1
|
6.4
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
413.7
|
508.4
|
634.1
|
-
|
-
|
|
% of Industry Non-Performing Loans
|
1.3
|
2.1
|
3.2
|
-
|
-
|
|
|
|
|
|
|
|
|
Mining
|
<3.8>
|
0.2
|
<5.7>
|
1.5
|
2.7
|
|
Oil & Gas
|
2.1
|
0.5
|
<1.7>
|
-
|
-
|
|
Other Mining
|
-
|
-
|
-
|
-
|
-
|
|
Industry Non-performing Loans ( MYR Million )
|
44.2
|
49.7
|
46.5
|
-
|
-
|
|
% of Industry Non-performing Loans
|
0.1
|
0.1
|
0.1
|
-
|
-
|
|
|
|
|
|
|
|
|
Manufacturing #
|
<9.4>
|
11.4
|
4.7
|
4.2
|
4.9
|
|
Exported-oriented Industries
|
<19.0>
|
12.1
|
2.8
|
4.1
|
-
|
|
Electrical & Electronics
|
<30.3>
|
28.4
|
<4.9>
|
1.6
|
-
|
|
Rubber Products
|
<10.1>
|
25.3
|
15.4
|
3.6
|
-
|
|
Wood Products
|
<24.1>
|
20.1
|
<4.9>
|
4.6
|
-
|
|
Textiles & Apparel
|
<19.5>
|
<0.4>
|
14.8
|
<7.1>
|
-
|
|
Domestic-oriented Industries
|
<9.8>
|
16.3
|
6.5
|
8.6
|
-
|
|
Food, Beverages & Tobacco
|
0.2
|
3.0
|
4.2
|
-
|
-
|
|
Chemical & Chemical Products
|
<7.7>
|
16.2
|
5.5
|
9.9
|
-
|
|
Plastic Products
|
<9.1>
|
2.4
|
3.8
|
-
|
-
|
|
Iron & Steel
|
<32.7>
|
29.3
|
2.4
|
-
|
-
|
|
Fabricated Metal Products
|
<2.5>
|
14.9
|
25.2
|
-
|
-
|
|
Non-metallic Mineral
|
<15.5>
|
20.2
|
27.1
|
6.6
|
-
|
|
Transport Equipment
|
<13.5>
|
36.5
|
<10.4>
|
13.7
|
-
|
|
Paper & Paper Products
|
<5.0>
|
18.7
|
14.8
|
<7.8>
|
-
|
|
Crude Oil Refineries
|
0.2
|
<11.4>
|
9.3
|
-
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
6,007.3
|
6,217.5
|
6,537.2
|
-
|
-
|
|
% of Industry Non-Performing Loans
|
18.3
|
23.8
|
25.7
|
-
|
-
|
|
|
|
|
|
|
|
|
Construction
|
5.8
|
5.1
|
4.4
|
15.5
|
11.2
|
|
Industry Non-Performing Loans ( MYR Million )
|
3,241.8
|
4,038.5
|
3,856.9
|
-
|
-
|
|
% of Industry Non-Performing Loans
|
9.9
|
10.7
|
10.2
|
-
|
-
|
|
|
|
|
|
|
|
|
Services
|
2.6
|
6.5
|
6.4
|
5.5
|
5.6
|
|
Electric, Gas & Water
|
0.4
|
8.5
|
5.6
|
4.8
|
-
|
|
Transport, Storage & Communication
|
1.6
|
7.7
|
6.5
|
7.3
|
-
|
|
Wholesale, Retail, Hotel & Restaurant
|
2.8
|
4.7
|
5.2
|
6.9
|
-
|
|
Finance, Insurance & Real Estate
|
3.8
|
6.1
|
6.3
|
6.5
|
-
|
|
Government Services
|
2.0
|
6.7
|
7.6
|
5.6
|
-
|
|
Other Services
|
4.4
|
4.2
|
5.4
|
5.7
|
-
|
|
Industry Non-Performing Loans ( MYR Million )
|
6,631.3
|
7,384.6
|
6,825.2
|
-
|
-
|
|
% of Industry Non-Performing Loans
|
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
|
|
10800 : Manufacture of prepared animal feeds
|
|
|
|
|
INDUSTRY :
|
MANUFACTURING
|
|
|
|
|
|
|
The Manufacturing sector is one of the important sectors to the growth
of the Malaysian economy. According to Ministry of Finance, the
manufacturing sector is expected to grow 4.9% in year 2013. Export
oriented-industries are expected to benefit from the higher growth of
global trade, while domesticoriented industries expand in line with the
better consumer sentiment and business confidence. The resource-based
industries are envisaged to grow steadily attributed to improved demand for
petroleum, chemical, rubber and plastic products. With better job prospects
and higher disposable income, the transportation equipment subsector, in
particular, the passenger car segment is expected to expand.
|
|
|
|
Value-added of the manufacturing sector expanded 5% during the first
half of 2012. Output of the sector rose 5.2% during the first sevenmonths
of 2012 in line with the increase in sales value of manufactured products
by 6.5% to RM363.1 billion. Output from domesticoriented industries
continued to expand 8.6% while export-oriented industries grew 4.1%.
|
|
|
|
According to the Department of Statistics, the sales value of the
Manufacturing sector in January 2013 posted a growth of 7.4% (RM3.6
billion) to record RM52.4 billion as compared to RM48.8 billion reported in
year 2012. Meanwhile, month-on-month basis, the sales value has decreased
by 0.4% (RM0.2 billion) as compared with the preceding month. The sales
value in December 2012 has been revised positive 7.5% year-on-year to
record RM52.6 billion.
|
|
|
|
Output of rubber products increased 3.6% in the first seven month of
2012 mainly supported by continuous demand for rubber gloves. Output of
rubber gloves grew 5.9% on account of the expansion in the global
healthcare industry and wider usage of gloves in other sectors. Similarly,
output of catheters, especially for use in medical appliances, also
registered a strong growth of 12.6%. Nevertheless, production of rubber
tyres and tubes reduced 10.9% in tandem with slowing external demand from
the automotive industry, especially China.
|
|
|
|
Meanwhile, production of wood and wood products rebounded 4.6%
largely supported by higher demand for wooden and cane furniture (33.5%).
The positive performance was attributed to vibrant higher demand from major
export destinations such as China and the United States (US) for
Malaysian-made furniture. Demand from China accelerated further following
the country's rising income level and the implementation of zero import
duty on Malaysian made-furniture. Malaysia government has growth target of
6.5% for wood based furniture where estimated to reach up to RM53 billion
by year 2020.The government providing pioneer status for tax exemption and
investment tax allowance for this industry as a boost up step towards produce
good quality product and to meet the world demand.
|
|
|
|
The output of chemicals and chemical products rose 9.9% in the first
seven month of year 2012 on account of increasing demand for plastic
products (11.8%) and basic chemicals (11.1%). External demand for plastic
packaging materials surged during the early part of the year 2012,
particularly from Japan and Thailand, as manufacturers resumed operations,
which were interrupted by natural calamities and power outages. Chemical
production are expected to show 7.5 % in year 2013 inline with Malaysia as
one of the largest contributor in world Chemicals & Chemical
industries.
|
|
|
|
Tax and non-tax incentives provided by goverment encourage
manufacturers to move up the value chain of manufacturing industry. The new
growth initiatives by goverment in the manufacturing sector such assolar
and medial services can be important drivers of growth apart from helping
to diversify the manufacturing base and contributing to the resilience of
the sector.
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Average Growth
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
Incorporated in 1991, the SC is a Exempt Private company, focusing on manufacturing
and trading of animal feeds. 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. A paid up capital of RM2 million allows
the SC to expand its business more comfortably. We considered that the SC's
business position in the market is much dependent on the efforts of its
directors.
Over the years, the SC has penetrated into both the local and overseas
market. The SC has positioned itself in the global market and is competing
in the industry. Its stable clientele base will enable the SC to further
enhance its business in the near term. Being a moderate size company, the
SC has a total workforce of 60 employees in its business operations.
Overall, we regard that the SC's management capability is average. This
indicates that the SC has greater potential to improve its business
performance and raising income for the SC.
As the SC is registered as an Exempt Private company, it is not required to
file financial statements for public review. As such, we are unable to
ascertain its present financial health.
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. Overall the SC
has a good control over its resources.
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.
In view of the above, we recommend credit be granted to the SC with close
monitoring.
|
|
|
PROFIT AND LOSS ACCOUNT
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS)
|
|
YENHER
AGRO-PRODUCTS SDN. BHD.
|
|
Financial Year End
|
31/12/2007
|
|
Months
|
12
|
|
Consolidated Account
|
Company
|
|
Audited Account
|
YES
|
|
Unqualified Auditor's Report (Clean Opinion)
|
YES
|
|
Financial Type
|
FULL
|
|
Currency
|
MYR
|
|
|
|
|
TURNOVER
|
43,149,305
|
|
|
----------------
|
|
Total Turnover
|
43,149,305
|
|
|
----------------
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS
|
3,242,302
|
|
|
----------------
|
|
PROFIT/(LOSS) BEFORE TAXATION
|
3,242,302
|
|
Taxation
|
<916,850>
|
|
|
----------------
|
|
PROFIT/(LOSS) AFTER TAXATION
|
2,325,452
|
|
|
----------------
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS
|
2,325,452
|
|
|
----------------
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS
|
2,325,452
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD
|
|
|
As previously reported
|
10,430,924
|
|
|
----------------
|
|
As restated
|
10,430,924
|
|
|
----------------
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS
|
12,756,376
|
|
|
----------------
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD
|
12,756,376
|
|
|
=============
|
|
|
|
|
INTEREST EXPENSE (as per notes to P&L)
|
|
|
Bank overdraft
|
2,259
|
|
Hire purchase
|
3,136
|
|
Others
|
355,187
|
|
|
----------------
|
|
|
360,582
|
|
|
=============
|
BALANCE SHEET
|
YENHER
AGRO-PRODUCTS SDN. BHD.
|
|
ASSETS EMPLOYED:
|
|
|
FIXED ASSETS
|
8,577,545
|
|
|
|
|
LONG TERM INVESTMENTS/OTHER ASSETS
|
|
|
Investments
|
37,600
|
|
|
----------------
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS
|
37,600
|
|
|
|
|
|
----------------
|
|
TOTAL LONG TERM ASSETS
|
8,615,145
|
|
|
|
|
CURRENT ASSETS
|
|
|
Stocks
|
4,323,827
|
|
Other debtors, deposits & prepayments
|
19,628,536
|
|
Short term deposits
|
441,338
|
|
Cash & bank balances
|
271,732
|
|
|
----------------
|
|
TOTAL CURRENT ASSETS
|
24,665,433
|
|
|
----------------
|
|
TOTAL ASSET
|
33,280,578
|
|
|
=============
|
|
|
|
|
CURRENT LIABILITIES
|
|
|
Trade creditors
|
6,540,369
|
|
Other creditors & accruals
|
2,283,700
|
|
Hire purchase & lease creditors
|
40,256
|
|
Bank overdraft
|
185,103
|
|
Amounts owing to director
|
814,426
|
|
Provision for taxation
|
421,668
|
|
Other liabilities
|
9,821,000
|
|
|
----------------
|
|
TOTAL CURRENT LIABILITIES
|
20,106,522
|
|
|
----------------
|
|
NET CURRENT ASSETS/(LIABILITIES)
|
4,558,911
|
|
|
----------------
|
|
TOTAL NET ASSETS
|
13,174,056
|
|
|
=============
|
|
|
|
|
SHARE CAPITAL
|
|
|
Ordinary share capital
|
400,000
|
|
|
----------------
|
|
TOTAL SHARE CAPITAL
|
400,000
|
|
|
|
|
RESERVES
|
|
|
Retained profit/(loss) carried forward
|
12,756,376
|
|
|
----------------
|
|
TOTAL RESERVES
|
12,756,376
|
|
|
|
|
|
----------------
|
|
SHAREHOLDERS' FUNDS/EQUITY
|
13,156,376
|
|
|
|
|
LONG TERM LIABILITIES
|
|
|
Hire purchase creditors
|
17,680
|
|
|
----------------
|
|
TOTAL LONG TERM LIABILITIES
|
17,680
|
|
|
----------------
|
|
|
13,174,056
|
|
|
=============
|
|
|
|
FINANCIAL RATIO
|
YENHER
AGRO-PRODUCTS SDN. BHD.
|
|
TYPES OF FUNDS
|
|
|
Cash
|
713,070
|
|
Net Liquid Funds
|
527,967
|
|
Net Liquid Assets
|
235,084
|
|
Net Current Assets/(Liabilities)
|
4,558,911
|
|
Net Tangible Assets
|
13,174,056
|
|
Net Monetary Assets
|
217,404
|
|
|
|
|
BALANCE SHEET ITEMS
|
|
|
Total Borrowings
|
243,039
|
|
Total Liabilities
|
20,124,202
|
|
Total Assets
|
33,280,578
|
|
Net Assets
|
13,174,056
|
|
Net Assets Backing
|
13,156,376
|
|
Shareholders' Funds
|
13,156,376
|
|
Total Share Capital
|
400,000
|
|
Total Reserves
|
12,756,376
|
|
|
|
|
LIQUIDITY (Times)
|
|
|
Cash Ratio
|
0.04
|
|
Liquid Ratio
|
1.01
|
|
Current Ratio
|
1.23
|
|
|
|
|
WORKING CAPITAL CONTROL (Days)
|
|
|
Stock Ratio
|
37
|
|
Creditors Ratio
|
55
|
|
|
|
|
SOLVENCY RATIOS (Times)
|
|
|
Gearing Ratio
|
0.02
|
|
Liabilities Ratio
|
1.53
|
|
Times Interest Earned Ratio
|
9.99
|
|
Assets Backing Ratio
|
32.94
|
|
|
|
|
PERFORMANCE RATIO (%)
|
|
|
Operating Profit Margin
|
7.51
|
|
Net Profit Margin
|
5.39
|
|
Return On Net Assets
|
27.35
|
|
Return On Capital Employed
|
26.89
|
|
Return On Shareholders' Funds/Equity
|
17.68
|
|
|
|
|