|
* Adopted abbreviations :
|
SC - Subject Company (the company
enquired by you)
|
|
|
|
N/A - Not Applicable
|
|
|
|
EXECUTIVE SUMMARY
|
REGISTRATION NO.
|
:
|
122317-U
|
|
COMPANY NAME
|
:
|
PERKHIDMATAN KARGO TUMPATAN SDN BHD
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
25/06/1984
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
PRIVATE LIMITED (LIMITED BY SHARE)
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
3 1/2 MILES, PULAU GADONG, 75200 MELAKA,
MELAKA, MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
3 1/2 MILES, PULAU GADONG, 75200 MELAKA,
MELAKA, MALAYSIA.
|
|
TEL.NO.
|
:
|
06-3357285
|
|
FAX.NO.
|
:
|
06-3357301
|
|
CONTACT PERSON
|
:
|
LIOW CHYE HOCK ( MANAGING DIRECTOR )
|
|
|
|
|
|
INDUSTRY CODE
|
:
|
46902
|
|
PRINCIPAL ACTIVITY
|
:
|
IMPORTER OF ANIMAL FEED RAW MATERIALS
|
|
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 2,000,016.00 DIVIDED INTO
ORDINARY SHARES 1,000,008 CASH AND 1,000,008 OTHERWISE OF MYR 1.00 EACH.
|
|
|
|
|
|
SALES
|
:
|
MYR 138,717,015 [2011]
|
|
NET WORTH
|
:
|
MYR 7,512,419 [2011]
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
50 [2013]
|
|
BANKER (S)
|
:
|
|
BANGKOK BANK BHD
HSBC BANK MALAYSIA BHD
|
|
|
|
LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER CHECK
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
FAIR
|
|
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) importer of animal feed raw materials.
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
|
(%)
|
|
KILANG MEMPROSES BARANG2 TEMPATAN SDN.
BHD.
|
3 1/2 M. S, PULAU GADONG, 75200 MELAKA,
MELAKA, MALAYSIA.
|
29134
|
995,000.00
|
49.75
|
|
MS. LILY ONG
|
17, TAMAN ASEAN, BATU 3 1/2, JALAN MALIM,
75250 MELAKA, MELAKA, MALAYSIA.
|
0856887
|
320,000.00
|
16.00
|
|
MR. TREVI LIM TECK WEE
|
|
790910-04-5267
|
80,000.00
|
4.00
|
|
L.P.H.REALTY SDN.BHD.
|
100-G, JALAN KESIDANG 2/24, LORONG
PANDAN, 75200 MELAKA, MELAKA, MALAYSIA.
|
113489
|
60,008.00
|
3.00
|
|
LIM SIAK CHIEW SDN. BHD.
|
19-F JALAN BACHANG, 75350 BATU BERENDAM,
MELAKA, MALAYSIA.
|
50056
|
60,000.00
|
3.00
|
|
MS. FATIMAH BT.AHMAD
|
C-5035, KLEBANG BESAR, 75200 MELAKA,
MELAKA, MALAYSIA.
|
380515-04-5038
|
54,168.00
|
2.71
|
|
MS. CHAN SOON MEE
|
295-G, JALAN ASEAN 5, TAMAN ASEAN MALIM,
75250 MELAKA, MELAKA, MALAYSIA.
|
540310-10-6060
|
43,752.00
|
2.19
|
|
MR. LOW ENG GUAN @ LOW BOON CHIAN +
|
9, JALAN SRI MANGGA, TAMAN SRI MANGGA,
SEKSYEN 1, 75250 MELAKA, MELAKA, MALAYSIA.
|
510826-10-5707
|
40,000.00
|
2.00
|
|
MR. LIM YONG POH
|
25, TAMAN ASEAN, 3 1/2 MILESTONE, MALIM
ROAD, MELAKA, MALAYSIA.
|
1053881
|
40,000.00
|
2.00
|
|
CHEW KAI CHUAN
|
53, JALAN NAKHODA, TAMAN RATNA, 13050
BUTTERWORTH, PULAU PINANG, MALAYSIA.
|
8154643
|
40,000.00
|
2.00
|
|
MR. ZULKIFLI BIN HASSAN
|
352D, TAMAN BUNGA RAYA, BUKIT BRUANG,
75450 AIR KEROH, MELAKA, MALAYSIA.
|
550315-04-5315
|
33,334.00
|
1.67
|
|
MR. BERNARD ONG CHIN YONG
|
17, TAMAN ASEAN, 75250 MELAKA, MELAKA,
MALAYSIA.
|
681026-04-5087
|
33,333.00
|
1.67
|
|
MR. DZUL ISKANDAR BIN YAHYA +
|
LOT 979, JALAN MERANTI, OFF TAMAN SAYANG
SELASIH, 75200 MELAKA, MELAKA, MALAYSIA.
|
730424-04-5283
|
27,085.00
|
1.35
|
|
MS. NOOR AINI BINTI HASSAN
|
|
510930-04-5070
|
27,084.00
|
1.35
|
|
MS. LINDA NG BINTI ABDULLAH
|
4826, TAMAN SETIA, KLEBANG BESAR, 75200
MELAKA, MELAKA, MALAYSIA.
|
670627-04-5062
|
27,084.00
|
1.35
|
|
MS. MAIMOONA BINTI HASSAN
|
C7130 TAMAN HANG TUAH, 76300 SUNGAI
UDANG, MELAKA, MALAYSIA.
|
471001-04-5042
|
27,084.00
|
1.35
|
|
SITI MARIAM BTE HASSAN
|
PT 650 JALAN TMJ 6, KG TANAH MERAH JAYA,
76400 TANJONG KLING, MELAKA, MALAYSIA.
|
6158221
|
27,084.00
|
1.35
|
|
ONG CHEE JOON
|
1, JALAN CHENG PERDANA 1/13, DESA CHENG
PERDANA, 75250 MELAKA, MELAKA, MALAYSIA.
|
1291845
|
25,000.00
|
1.25
|
|
LIM SIAK THOONG
|
29, TAMAN SRI WANGSA, JALAN SRI WANGSA,
75350 BATU BERENDAM, MELAKA, MALAYSIA.
|
1291452
|
20,000.00
|
1.00
|
|
MR. LIOW CHAI GUAN.
|
187, TAMAN ASEAN, JALAN MALIM, 75250
MELAKA, MELAKA, MALAYSIA.
|
5441626
|
20,000.00
|
1.00
|
|
|
|
|
---------------
|
------
|
|
|
|
|
2,000,016.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
MS. LIM SIEW CHOO
|
|
Address
|
:
|
19-F, JALAN LORONG, BACHANG 2, 75350 BATU
BERENDAM, MELAKA, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
590403-04-5194
|
|
Date of Birth
|
:
|
03/04/1959
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of Appointment
|
:
|
29/05/2007
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject
|
:
|
MR. LIOW CHYE HOCK
|
|
Address
|
:
|
295-G, JALAN ASEAN 5, TAMAN ASEAN, MALIM,
75250 MELAKA, MELAKA, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
541113-04-5005
|
|
Date of Birth
|
:
|
13/11/1954
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of Appointment
|
:
|
28/05/2008
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject
|
:
|
ONG BOON BEE
|
|
Address
|
:
|
17, TAMAN ASEAN, JALAN MALIM, MELAKA,
MALAYSIA.
|
|
IC / PP No
|
:
|
0189749
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of Appointment
|
:
|
20/08/1984
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of Subject
|
:
|
MR. DZUL ISKANDAR BIN YAHYA
|
|
Address
|
:
|
LOT 979, JALAN MERANTI, OFF TAMAN SAYANG
SELASIH, 75200 MELAKA, MELAKA, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
730424-04-5283
|
|
Date of Birth
|
:
|
24/04/1973
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of Appointment
|
:
|
16/06/2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 5
|
Name Of Subject
|
:
|
MR. LOW ENG GUAN @ LOW BOON CHIAN
|
|
Address
|
:
|
9, JALAN SRI MANGGA, TAMAN SRI MANGGA,
SEKSYEN 1, 75250 MELAKA, MELAKA, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
510826-10-5707
|
|
Date of Birth
|
:
|
26/08/1951
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of Appointment
|
:
|
07/11/1986
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
1)
|
Name of Subject
|
:
|
LIOW CHYE HOCK
|
|
|
Position
|
:
|
MANAGING DIRECTOR
|
|
|
|
|
|
|
2)
|
Name of Subject
|
:
|
ONG CHEE JOON
|
|
|
Position
|
:
|
ACCOUNT MANAGER
|
|
|
|
|
|
|
3)
|
Name of Subject
|
:
|
LIM SIEW CHOO
|
|
|
Position
|
:
|
FINANCE DIRECTOR
|
|
|
|
|
|
AUDITOR
|
Auditor
|
:
|
O L YEO & CO
|
|
Auditor' Address
|
:
|
110A & B, JALAN MELAKA RAYA 25, TAMAN
MELAKA RAYA, 75000 MELAKA, MELAKA, MALAYSIA.
|
|
|
|
|
|
|
|
|
COMPANY SECRETARIES
|
1)
|
Company Secretary
|
:
|
MR. LIOW CHYE HOCK
|
|
|
|
|
|
|
|
New IC No
|
:
|
541113-04-5005
|
|
|
Address
|
:
|
295-G, JALAN ASEAN 5, TAMAN ASEAN, MALIM,
75250 MELAKA, MELAKA, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2)
|
Company Secretary
|
:
|
MS. LAI FUI YAN
|
|
|
|
|
|
|
|
New IC No
|
:
|
770526-04-5408
|
|
|
Address
|
:
|
30, JALAN TMS 2, TAMAN MINYAK SETIA, 75350
BATU BERENDAM, MELAKA, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
Banking relations are maintained principally with :
|
1)
|
Name
|
:
|
BANGKOK BANK BHD
|
|
|
|
|
|
|
2)
|
Name
|
:
|
HSBC 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
|
:
|
05/04/1990
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
RM2,500,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
BANGKOK BANK BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 1 In The Register
of Charges
|
ENCUMBRANCE 2
|
Date of Creation
|
:
|
22/07/2008
|
|
Description Of Charge
|
:
|
OPEN CHARGE
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
BANGKOK BANK BHD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated
|
|
Registered and Numbered 2 In The Register
of Charges
|
ENCUMBRANCE 3
|
Date of Creation
|
:
|
30/04/2012
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
MYR5,100,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
HONG LEONG BANK BERHAD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 01/05/2012
|
|
Registered and Numbered 10 In The
Register of Charges
|
ENCUMBRANCE 4
|
Date of Creation
|
:
|
25/05/2012
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
BANGKOK BANK BERHAD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 31/05/2012
|
|
Registered and Numbered 11 In The
Register of Charges
|
ENCUMBRANCE 5
|
Date of Creation
|
:
|
27/06/2012
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
MYR7,500,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
MALAYAN BANKING BERHAD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 02/07/2012
|
|
Registered and Numbered 12 In The
Register of Charges
|
ENCUMBRANCE 6
|
Date of Creation
|
:
|
15/11/2010
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
BANGKOK BANK BERHAD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 19/11/2010
|
|
Registered and Numbered 5 In The Register
of Charges
|
ENCUMBRANCE 7
|
Date of Creation
|
:
|
15/11/2010
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
BANGKOK BANK BERHAD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 19/11/2010
|
|
Registered and Numbered 6 In The Register
of Charges
|
ENCUMBRANCE 8
|
Date of Creation
|
:
|
05/03/2012
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
BANGKOK BANK BERHAD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 09/03/2012
|
|
Registered and Numbered 7 In The Register
of Charges
|
ENCUMBRANCE 9
|
Date of Creation
|
:
|
15/03/2012
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
HSBC BANK MALAYSIA BERHAD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 22/03/2012
|
|
Registered and Numbered 8 In The Register
of Charges
|
ENCUMBRANCE 10
|
Date of Creation
|
:
|
20/03/2012
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
MYR5,000,000.00
|
|
Description Of Property Affected
|
:
|
N/A
|
|
Name & Address Of Chargee
|
:
|
HSBC BANK MALAYSIA BERHAD
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 22/03/2012
|
|
Registered and Numbered 9 In The Register
of Charges
|
ENCUMBRANCE 11
|
Date of Creation
|
:
|
06/05/2009
|
|
Description Of Charge
|
:
|
DEBENTURE
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
ALL ASSETS OF COMPANY
|
|
Name & Address Of Chargee
|
:
|
BANGKOK BANK BHD
105, JALAN TUN H S LEE, 50000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 12/05/2009
|
|
Registered and Numbered 3 In The Register
of Charges
|
ENCUMBRANCE 12
|
Date of Creation
|
:
|
04/08/2009
|
|
Description Of Charge
|
:
|
LETTER OF SET OFF DATED
|
|
Amount Secured
|
:
|
RM9,950,000.00
|
|
Description Of Property Affected
|
:
|
FIXED DEPOSIT OF RM50,000.00 RECEIPT
BDCD0900681
|
|
Name & Address Of Chargee
|
:
|
BANGKOK BANK BHD
105, JALAN TUN H S LEE, 50000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 14/09/2009
|
|
Registered and Numbered 4 In The Register
of Charges
|
ENCUMBRANCE 13
|
Date of Creation
|
:
|
15/11/2010
|
|
Description Of Charge
|
:
|
DEBENTURES
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
CHARGED ASSETS
|
|
Name & Address Of Chargee
|
:
|
BANGKOK BANK BHD
105, JALAN TUN H.S. LEE, 50000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 19/11/2010
|
|
Registered and Numbered 005 In The
Register of Charges
|
ENCUMBRANCE 14
|
Date of Creation
|
:
|
15/11/2010
|
|
Description Of Charge
|
:
|
LETTER OF SET-OFF
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
ALL MONEY FROM TIME TO TIME STANDING TO
THE CREDIT OF THE COMPANY DEPOSITS ACCOUBT
|
|
Name & Address Of Chargee
|
:
|
BANGKOK BANK BHD
105, JALAN H.S. LEE, 50000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 19/11/2010
|
|
Registered and Numbered 006 In The
Register of Charges
|
ENCUMBRANCE 15
|
Date of Creation
|
:
|
05/03/2012
|
|
Description Of Charge
|
:
|
N/A
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
N/A
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 09/03/2012
|
|
Registered and Numbered 007 In The
Register of Charges
|
ENCUMBRANCE 16
|
Date of Creation
|
:
|
15/03/2012
|
|
Description Of Charge
|
:
|
FIRST LEGAL CHARGE
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
ALL PIECE OF LAND UNDER PM 1052, LOT 5515
MUKIM TANJONG MINYAK, DAERAH MELAKA TENGAH
|
|
Name & Address Of Chargee
|
:
|
HSBC BANK MALAYSIA BHD
777, JALAN HANG TUAH, 75300 MELAKA, MELAKA, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 22/03/2012
|
|
Registered and Numbered 008 In The
Register of Charges
|
ENCUMBRANCE 17
|
Date of Creation
|
:
|
20/03/2012
|
|
Description Of Charge
|
:
|
(1) TRADE FINANCING GENERAL AGREEMENT (2) CHARGE ON SECURITY OVER
DEPOSITS
|
|
Amount Secured
|
:
|
N/A
|
|
Description Of Property Affected
|
:
|
(1) TRADE FINANCING GENERAL AGREEMENT (2)
TRADE DEPOSITS
|
|
Name & Address Of Chargee
|
:
|
HSBC BANK MALAYSIA BHD
777 JALAN HANG TUAH, 75300 MELAKA, MELAKA, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
Form 40 Dated 22/03/2012
|
|
Registered and Numbered 009 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
|
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
|
|
Domestic Markets
|
:
|
MALAYSIA
|
|
Overseas
|
:
|
YES
|
|
|
|
|
Export Market
|
:
|
SINGAPORE
|
|
Credit Term
|
:
|
30 - 60 DAYS
|
|
|
|
|
|
|
|
|
Payment Mode
|
:
|
CHEQUES
CHEQUESCASH
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
Goods Traded
|
:
|
ANIMAL FEED RAW MATERIALS
|
|
|
|
|
|
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
|
50
|
50
|
50
|
54
|
50
|
|
|
|
|
Other Information:
The SC is principally engaged in the (as a / as an) importer of animal feed
raw materials.
The SC's products ranges are including maize, starch, salt and others.
Besides that the SC also provides products based on the customers'
requirements.
We were informed that the SC has warehouse located at the same premises to
keep its materials and products.
According to the SC, it repacks its products into small or big quantity based
on its customers' requirements.
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
|
:
|
06-3357285
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
3 1/2 MILES, PULAU
GADONG,75200,MELAKA,MELAKA.
|
|
Current Address
|
:
|
3 1/2 MILES, PULAU GADONG, 75200 MELAKA,
MELAKA, MALAYSIA.
|
|
Match
|
:
|
YES
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
YES
|
Other Investigations
We contacted one of the staff from the SC and she provided some information
on the SC.
FINANCIAL ANALYSIS
|
Profitability
|
|
|
|
|
|
|
|
Turnover
|
:
|
Increased
|
[
|
2007 - 2011
|
]
|
|
|
Profit/(Loss) Before Tax
|
:
|
Increased
|
[
|
2007 - 2011
|
]
|
|
|
Return on Shareholder Funds
|
:
|
Acceptable
|
[
|
20.68%
|
]
|
|
|
Return on Net Assets
|
:
|
Favourable
|
[
|
39.02%
|
]
|
|
|
|
|
|
|
|
|
|
|
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 management have been efficient in controlling its
operating costs. The SC's management had generated acceptable return for
its shareholders using its assets.
|
|
|
|
|
|
|
|
|
|
Working Capital Control
|
|
|
|
|
|
|
|
Stock Ratio
|
:
|
Favourable
|
[
|
26 Days
|
]
|
|
|
Debtor Ratio
|
:
|
Favourable
|
[
|
31 Days
|
]
|
|
|
Creditors Ratio
|
:
|
Favourable
|
[
|
7 Days
|
]
|
|
|
|
|
|
|
|
|
|
|
The SC's stocks were moving fast thus
reducing its holding cost. This had reduced funds being tied up in stocks.
The favourable debtors' days could be due to the good credit control
measures implemented by the SC. The SC had a favourable creditors' ratio as
evidenced by its favourable collection days. The SC could be taking
advantage of the cash discounts and also wanting to maintain goodwill with
its creditors.
|
|
|
|
|
|
|
|
|
|
Liquidity
|
|
|
|
|
|
|
|
Liquid Ratio
|
:
|
Unfavourable
|
[
|
0.79 Times
|
]
|
|
|
Current Ratio
|
:
|
Unfavourable
|
[
|
1.30 Times
|
]
|
|
|
|
|
|
|
|
|
|
|
A low liquid ratio means that the SC may
be facing working capital deficiency. If the SC cannot obtain additional
financing or injection of fresh capital, it may face difficulties in
meeting its short term obligations.
|
|
|
|
|
|
|
|
|
|
Solvency
|
|
|
|
|
|
|
|
Interest Cover
|
:
|
Unfavourable
|
[
|
2.64 Times
|
]
|
|
|
Gearing Ratio
|
:
|
Favourable
|
[
|
0.13 Times
|
]
|
|
|
|
|
|
|
|
|
|
|
The SC's interest cover was low. If its
profits fall or when interest rate rises, it may not be able to meet all
its interest payment. The SC was lowly geared thus it had a low financial risk.
The SC was mainly financed by its shareholders' funds and internally
generated funds. In times of economic slowdown / downturn, the SC being a
lowly geared company, will be able to compete better than those companies
which are highly geared in the same industry.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Assessment :
|
|
|
|
|
|
|
|
Generally, the SC's performance has
improved with higher turnover and profit. 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. If there is a fall in the SC's profit or any increase
in interest rate, the SC may not be able to generate sufficient cash-flow
to service its interest. The SC as a lowly geared company, will be more
secured compared to those highly geared companies. It has the ability to
meet all its long term obligations.
|
|
|
|
|
|
|
|
|
|
Overall financial condition of the SC :
FAIR
|
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
|
|
46902 : Wholesale of animal/pet food
|
|
|
|
|
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 1984, the SC is a Private Limited company, focusing on
importer of animal feed raw materials, importer of animal feed raw
materials. 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. It has built up a strong clientele base and satisfactory reputation
will enable the SC to further enhance its business in the near term. The SC
is expected to enjoy a stable market shares. Having strong support from its
shareholder has enabled the SC to remain competitive despite the
challenging business environment. The capital standing of the SC is fair.
With an adequate share capital, the SC has the potential of expanding its
business in future.
|
|
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. The SC is operating on a medium
scale and it has approximately 50 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.
|
|
We noted that both the turnover and profits have increased compared to the
previous year. The higher profit could be due to increase in turnover and
better control over its operating costs. Return on shareholders' funds of
the SC was at an acceptable range which indicated that the management was
efficient in utilising its funds to generate income. 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. Being a lowly geared company, the SC is exposed to low financial
risk as it is mainly dependent on its internal funds to finance its
business needs. Given a positive net worth standing at MYR 7,512,419, 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. Overall the SC has a good control over its resources.
|
|
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
promptly.
|
PROFIT AND LOSS ACCOUNT
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL
REPORTING STANDARDS(FRS)
|
|
PERKHIDMATAN KARGO TUMPATAN SDN BHD
|
|
Financial Year End
|
31/08/2011
|
31/08/2010
|
31/08/2009
|
31/08/2008
|
31/08/2007
|
|
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
|
FULL
|
FULL
|
FULL
|
FULL
|
FULL
|
|
Currency
|
MYR
|
MYR
|
MYR
|
MYR
|
MYR
|
|
|
|
|
|
|
|
|
TURNOVER
|
138,717,015
|
118,333,272
|
87,655,583
|
36,591,387
|
24,224,212
|
|
Other Income
|
2,225,633
|
1,984,831
|
-
|
-
|
-
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
Total Turnover
|
140,942,648
|
120,318,103
|
87,655,583
|
36,591,387
|
24,224,212
|
|
Costs of Goods Sold
|
<131,032,757>
|
<110,092,269>
|
-
|
-
|
-
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
Gross Profit
|
9,909,891
|
10,225,834
|
-
|
-
|
-
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS
|
1,937,626
|
1,551,308
|
1,484,114
|
1,049,884
|
327,350
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS) BEFORE TAXATION
|
1,937,626
|
1,551,308
|
1,484,114
|
1,049,884
|
327,350
|
|
Taxation
|
<383,904>
|
<424,362>
|
<446,747>
|
<317,561>
|
<142,056>
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT/(LOSS) AFTER TAXATION
|
1,553,722
|
1,126,946
|
1,037,367
|
732,323
|
185,294
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD
|
|
|
|
|
|
|
As previously reported
|
4,108,682
|
2,981,736
|
2,094,370
|
1,362,047
|
1,351,955
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
As restated
|
4,108,682
|
2,981,736
|
2,094,370
|
1,362,047
|
1,351,955
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS
|
5,662,404
|
4,108,682
|
3,131,737
|
2,094,370
|
1,537,249
|
|
DIVIDENDS - Ordinary (paid &
proposed)
|
<150,001>
|
-
|
<150,001>
|
-
|
<175,202>
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD
|
5,512,403
|
4,108,682
|
2,981,736
|
2,094,370
|
1,362,047
|
|
|
=============
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
|
INTEREST EXPENSE (as per notes to
P&L)
|
|
|
|
|
|
|
Bank overdraft
|
13,073
|
5,426
|
14,856
|
25,125
|
41,686
|
|
Hire purchase
|
39,279
|
57,203
|
34,929
|
40,946
|
34,348
|
|
Term loan / Borrowing
|
61,370
|
-
|
-
|
-
|
-
|
|
Trust receipts
|
1,063,961
|
688,794
|
704,499
|
613,358
|
399,781
|
|
Others
|
5,216
|
4,740
|
4,987
|
4,870
|
-
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
|
1,182,899
|
756,163
|
759,271
|
684,299
|
475,815
|
BALANCE SHEET
|
PERKHIDMATAN KARGO TUMPATAN SDN BHD
|
|
ASSETS EMPLOYED:
|
|
|
|
|
|
|
FIXED ASSETS
|
2,150,342
|
1,263,591
|
994,200
|
660,060
|
557,840
|
|
|
|
|
|
|
|
|
LONG TERM INVESTMENTS/OTHER ASSETS
|
|
|
|
|
|
|
Investments
|
500
|
500
|
500
|
500
|
900
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS
|
500
|
500
|
500
|
500
|
900
|
|
|
|
|
|
|
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL LONG TERM ASSETS
|
2,150,842
|
1,264,091
|
994,700
|
660,560
|
558,740
|
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
Stocks
|
9,929,469
|
3,291,543
|
5,447,675
|
3,212,299
|
1,505,618
|
|
Trade debtors
|
11,740,488
|
10,830,872
|
10,989,169
|
11,897,305
|
7,704,575
|
|
Other debtors, deposits & prepayments
|
544,124
|
861,511
|
1,164,639
|
80,412
|
86,194
|
|
Short term deposits
|
1,274,432
|
1,265,475
|
1,088,750
|
520,000
|
20,000
|
|
Amount due from director
|
13,695
|
15,809
|
17,673
|
-
|
-
|
|
Cash & bank balances
|
1,450,048
|
1,702,588
|
2,201,110
|
319,155
|
74,304
|
|
Others
|
216,579
|
18,791
|
-
|
-
|
-
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL CURRENT ASSETS
|
25,168,835
|
17,986,589
|
20,909,016
|
16,029,171
|
9,390,691
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL ASSET
|
27,319,677
|
19,250,680
|
21,903,716
|
16,689,731
|
9,949,431
|
|
|
=============
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES
|
|
|
|
|
|
|
Trade creditors
|
2,461,916
|
1,353,403
|
10,040,052
|
2,995,965
|
929,830
|
|
Other creditors & accruals
|
802,330
|
359,543
|
302,716
|
1,317,128
|
191,876
|
|
Hire purchase & lease creditors
|
324,756
|
503,650
|
355,890
|
174,587
|
83,973
|
|
Bank overdraft
|
-
|
-
|
-
|
433,381
|
203,757
|
|
Short term borrowings/Term loans
|
191,478
|
183,050
|
166,321
|
-
|
-
|
|
Bill & acceptances payable
|
15,542,292
|
9,706,843
|
4,581,528
|
6,891,784
|
4,834,887
|
|
Amounts owing to director
|
-
|
45,000
|
45,000
|
300,005
|
-
|
|
Provision for taxation
|
-
|
-
|
131,802
|
180,255
|
54,121
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL CURRENT LIABILITIES
|
19,322,772
|
12,151,489
|
15,623,309
|
12,293,105
|
6,298,444
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
NET CURRENT ASSETS/(LIABILITIES)
|
5,846,063
|
5,835,100
|
5,285,707
|
3,736,066
|
3,092,247
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL NET ASSETS
|
7,996,905
|
7,099,191
|
6,280,407
|
4,396,626
|
3,650,987
|
|
|
=============
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
|
SHARE CAPITAL
|
|
|
|
|
|
|
Ordinary share capital
|
2,000,016
|
2,000,016
|
2,000,016
|
2,000,016
|
2,000,016
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL SHARE CAPITAL
|
2,000,016
|
2,000,016
|
2,000,016
|
2,000,016
|
2,000,016
|
|
|
|
|
|
|
|
|
RESERVES
|
|
|
|
|
|
|
Retained profit/(loss) carried forward
|
5,512,403
|
4,108,682
|
2,981,736
|
2,094,370
|
1,362,047
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL RESERVES
|
5,512,403
|
4,108,682
|
2,981,736
|
2,094,370
|
1,362,047
|
|
|
|
|
|
|
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
SHAREHOLDERS' FUNDS/EQUITY
|
7,512,419
|
6,108,698
|
4,981,752
|
4,094,386
|
3,362,063
|
|
|
|
|
|
|
|
|
LONG TERM LIABILITIES
|
|
|
|
|
|
|
Long term loans
|
484,486
|
670,865
|
833,679
|
-
|
-
|
|
Hire purchase creditors
|
-
|
319,628
|
464,976
|
302,240
|
288,924
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
TOTAL LONG TERM LIABILITIES
|
484,486
|
990,493
|
1,298,655
|
302,240
|
288,924
|
|
|
----------------
|
----------------
|
----------------
|
----------------
|
----------------
|
|
|
7,996,905
|
7,099,191
|
6,280,407
|
4,396,626
|
3,650,987
|
|
|
=============
|
=============
|
=============
|
=============
|
=============
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
PERKHIDMATAN KARGO TUMPATAN SDN BHD
|
|
TYPES OF FUNDS
|
|
|
|
|
|
|
Cash
|
2,724,480
|
2,968,063
|
3,289,860
|
839,155
|
94,304
|
|
Net Liquid Funds
|
2,724,480
|
2,968,063
|
3,289,860
|
405,774
|
<109,453>
|
|
Net Liquid Assets
|
<4,083,406>
|
2,543,557
|
<161,968>
|
523,767
|
1,586,629
|
|
Net Current Assets/(Liabilities)
|
5,846,063
|
5,835,100
|
5,285,707
|
3,736,066
|
3,092,247
|
|
Net Tangible Assets
|
7,996,905
|
7,099,191
|
6,280,407
|
4,396,626
|
3,650,987
|
|
Net Monetary Assets
|
<4,567,892>
|
1,553,064
|
<1,460,623>
|
221,527
|
1,297,705
|
|
BALANCE SHEET ITEMS
|
|
|
|
|
|
|
Total Borrowings
|
1,000,720
|
1,677,193
|
1,820,866
|
910,208
|
576,654
|
|
Total Liabilities
|
19,807,258
|
13,141,982
|
16,921,964
|
12,595,345
|
6,587,368
|
|
Total Assets
|
27,319,677
|
19,250,680
|
21,903,716
|
16,689,731
|
9,949,431
|
|
Net Assets
|
7,996,905
|
7,099,191
|
6,280,407
|
4,396,626
|
3,650,987
|
|
Net Assets Backing
|
7,512,419
|
6,108,698
|
4,981,752
|
4,094,386
|
3,362,063
|
|
Shareholders' Funds
|
7,512,419
|
6,108,698
|
4,981,752
|
4,094,386
|
3,362,063
|
|
Total Share Capital
|
2,000,016
|
2,000,016
|
2,000,016
|
2,000,016
|
2,000,016
|
|
Total Reserves
|
5,512,403
|
4,108,682
|
2,981,736
|
2,094,370
|
1,362,047
|
|
LIQUIDITY (Times)
|
|
|
|
|
|
|
Cash Ratio
|
0.14
|
0.24
|
0.21
|
0.07
|
0.01
|
|
Liquid Ratio
|
0.79
|
1.21
|
0.99
|
1.04
|
1.25
|
|
Current Ratio
|
1.30
|
1.48
|
1.34
|
1.30
|
1.49
|
|
WORKING CAPITAL CONTROL (Days)
|
|
|
|
|
|
|
Stock Ratio
|
26
|
10
|
23
|
32
|
23
|
|
Debtors Ratio
|
31
|
33
|
46
|
119
|
116
|
|
Creditors Ratio
|
7
|
4
|
42
|
30
|
14
|
|
SOLVENCY RATIOS (Times)
|
|
|
|
|
|
|
Gearing Ratio
|
0.13
|
0.27
|
0.37
|
0.22
|
0.17
|
|
Liabilities Ratio
|
2.64
|
2.15
|
3.40
|
3.08
|
1.96
|
|
Times Interest Earned Ratio
|
2.64
|
3.05
|
2.95
|
2.53
|
1.69
|
|
Assets Backing Ratio
|
4.00
|
3.55
|
3.14
|
2.20
|
1.83
|
|
PERFORMANCE RATIO (%)
|
|
|
|
|
|
|
Operating Profit Margin
|
1.40
|
1.31
|
1.69
|
2.87
|
1.35
|
|
Net Profit Margin
|
1.12
|
0.95
|
1.18
|
2.00
|
0.76
|
|
Return On Net Assets
|
39.02
|
32.50
|
35.72
|
39.44
|
22.00
|
|
Return On Capital Employed
|
37.50
|
30.35
|
33.80
|
34.65
|
20.39
|
|
Return On Shareholders' Funds/Equity
|
20.68
|
18.45
|
20.82
|
17.89
|
5.51
|
|
Dividend Pay Out Ratio (Times)
|
0.10
|
0.00
|
0.14
|
0.00
|
0.95
|
|
NOTES TO ACCOUNTS
|
|
|
|
|
|
|
Contingent Liabilities
|
0
|
0
|
0
|
0
|
0
|
|