|
Report Date : |
07.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
AIROD SDN BHD |
|
|
|
|
Registered Office : |
Atsc Building, Pt 192, Jalan Lapangan Terbang Subang, 47200
Subang Jaya, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
13.10.1984 |
|
|
|
|
Com. Reg. No.: |
128885-H |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Overhauling, Repairing and Modification Services to
Military and Commercial Aircrafts |
|
|
|
|
No. of Employees : |
1,000 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Malaysia |
A1 |
A1 |
|
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 |
|
REGISTRATION NO. |
: |
128885-H |
|
COMPANY NAME |
: |
AIROD SDN BHD |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
13/10/1984 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
ATSC BUILDING, PT 192, JALAN LAPANGAN TERBANG SUBANG, 47200 SUBANG JAYA, SELANGOR, MALAYSIA. |
|
BUSINESS ADDRESS |
: |
AIROD COMPLEX, JALAN TUDM SUBANG, 47200 SUBANG JAYA, SELANGOR, MALAYSIA. |
|
TEL.NO. |
: |
03-78465112 |
|
FAX.NO. |
: |
03-78464709 |
|
WEB SITE |
: |
|
|
CONTACT PERSON |
: |
KAMIL BIN ABDUL AZIZ ( CEO ) |
|
INDUSTRY CODE |
: |
46599 |
|
PRINCIPAL ACTIVITY |
: |
OVERHAULING, REPAIRING AND MODIFICATION SERVICES TO MILITARY AND COMMERCIAL AIRCRAFTS |
|
AUTHORISED CAPITAL |
: |
MYR 60,000,000.00
DIVIDED INTO |
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 50,000,000.00
DIVIDED INTO |
|
SALES |
: |
N/A |
|
NET WORTH |
: |
N/A |
|
M1000 OVERALL RANKING |
: |
694 [2009] |
|
M1000 INDUSTRY RANKING |
: |
16 [2009] |
|
STAFF STRENGTH |
: |
1,000 [2013] |
|
BANKER (S) |
: |
AMBANK (M) BHD |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER CHECK |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT CAPABILITY |
: |
WEAK |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
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) overhauling,
repairing and modification services to military and commercial aircrafts.
The SC is not listed on Bursa Malaysia (Malaysia Stock Exchange).
|
According to the Malaysia 1000 publication, the SC's ranking are as
follows: |
|
||||
|
|
|
|
|
|
|
|
YEAR |
2009 |
2008 |
2005 |
2004 |
|
|
OVERALL RANKING |
694 |
660 |
513 |
548 |
|
|
INDUSTRY RANKING |
16 |
17 |
8 |
8 |
|
The immediate holding company of the SC is NATIONAL AEROSPACE &
DEFENCE INDUSTRIES SDN BHD, a company incorporated in MALAYSIA.
The ultimate holding company of the SC is E8 VENTURES SDN BHD, a company
incorporated in MALAYSIA.
The penultimate holding company of the SC is PJS INDUSTRIES SDN BHD, a
company incorporated in MALAYSIA.
The major shareholder(s) of the SC are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
NATIONAL AEROSPACE & DEFENCE INDUSTRIES SDN BHD |
NADI BUILDING, PT 192, JALAN LAPANGAN TERBANG SUBANG, 47200 SUBANG
JAYA, SELANGOR, MALAYSIA. |
112324 |
50,000,000.00 |
100.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
50,000,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MR. KAMIL BIN ABDUL AZIZ |
|
Address |
: |
B1005, ASTANA PUTRA CONDOMINIUM, BUKIT RAHMAN PUTRA, LEVEL 10, 47000
SUNGAI BULOH, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
7219672 |
|
New IC No |
: |
630926-01-5457 |
|
Date of Birth |
: |
26/09/1963 |
|
Nationality |
: |
MALAYSIAN MALAY |
|
Date of Appointment |
: |
27/04/2004 |
DIRECTOR 2
|
Name Of Subject |
: |
GENERAL (RTD) DATO' SERI MOHD YUNUS BIN MOHD TASI |
|
Address |
: |
20,JALAN SETIA RAYA, BUKIT DAMANSARA, 50490 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
400903-08-5141 |
|
Date of Birth |
: |
03/09/1940 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
22/05/2003 |
DIRECTOR 3
|
Name Of Subject |
: |
TAN SRI DATO' HJ AHMAD BIN JOHAN |
|
Address |
: |
7, JALAN DIPLOMA U1/11A, GLENMARIE COURT, 40150 SHAH ALAM, SELANGOR,
MALAYSIA. |
|
New IC No |
: |
450621-13-5003 |
|
Date of Birth |
: |
21/06/1945 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
02/07/1996 |
DIRECTOR 4
|
Name Of Subject |
: |
MR. EDRON HAYATA BIN AHMAD |
|
Address |
: |
5A-06-01 BUNGA RAYA CONDOMINIUM, SAUJANA SUBANG, 40150 SHAH ALAM,
SELANGOR, MALAYSIA. |
|
New IC No |
: |
770809-13-5841 |
|
Date of Birth |
: |
09/08/1977 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
05/03/2008 |
DIRECTOR 5
|
Name Of Subject |
: |
GEN DATO' RODZALI BIN DAUD |
|
Address |
: |
OMQ22,PANGKALAN UDARA K.LUMPUR, JALAN LAPANGAN TERBANG LAMA,, 50640
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
T370394 |
|
Date of Birth |
: |
11/03/1955 |
|
Nationality |
: |
MALAYSIAN MALAY |
|
Date of Appointment |
: |
28/09/2009 |
DIRECTOR 6
|
Name Of Subject |
: |
DATO' ZAKRI AFANDI BIN ISMAIL |
|
Address |
: |
D15, JALAN HILLSIDE ESTATE, 68000 AMPANG, SELANGOR, MALAYSIA. |
|
New IC No |
: |
670101-11-5767 |
|
Date of Birth |
: |
01/01/1967 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
22/05/2003 |
DIRECTOR 7
|
Name Of Subject |
: |
DATO' HJ MOHAMAD BIN SHAM |
|
Address |
: |
38,JALAN SETIABAKTI 10, BUKIT DAMANSARA, 50490 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
450820-01-5223 |
|
Date of Birth |
: |
20/08/1945 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/04/1997 |
DIRECTOR 8
|
Name Of Subject |
: |
DATO' ABDUL RAHIM BIN ABDUL RAHMAN |
|
Address |
: |
5 PUNCHAK SETIAWANGSA, JALAN 1/55D, TAMAN SETIAWANGSA, 54200 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
471114-01-5819 |
|
Date of Birth |
: |
14/11/1947 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
19/01/1998 |
DIRECTOR 9
|
Name Of Subject |
: |
MR. MOHAMAD ELKANY BIN AHMAD |
|
Address |
: |
5A-04-01 BUNGARAYA CONDOMINIUM, SAUJANA RESORT, SEKSYEN U2, 40150 SHAH
ALAM, SELANGOR, MALAYSIA. |
|
New IC No |
: |
730427-13-5591 |
|
Date of Birth |
: |
27/04/1973 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
30/03/2010 |
DIRECTOR 10
|
Name Of Subject |
: |
LT GEN DATUK BASHIR BIN HAJI ABU BAKAR |
|
Address |
: |
34, JALAN SERI PUTRA 9/1, BANDAR SERI PUTRA, 43000 KAJANG, SELANGOR,
MALAYSIA. |
|
IC / PP No |
: |
T370204 |
|
Nationality |
: |
MALAYSIAN MALAY |
|
Date of Appointment |
: |
06/01/2011 |
|
1) |
Name of Subject |
: |
KAMIL BIN ABDUL AZIZ |
|
|
Position |
: |
CEO |
|
|
|
|
|
|
2) |
Name of Subject |
: |
ZANIL ANUAR BIN ARIFFIN |
|
|
Position |
: |
GENERAL MANAGER |
|
|
|
|
|
|
3) |
Name of Subject |
: |
AHMAD BIN JOHAN |
|
|
Position |
: |
PRESIDENT |
|
|
|
|
|
|
4) |
Name of Subject |
: |
ABDUL RAHIM ABD RAHMAN |
|
|
Position |
: |
VICE PRESIDENT |
|
Auditor |
: |
ERNST & YOUNG |
|
Auditor' Address |
: |
MENARA MILENIUM, JALAN DAMANLELA, PUSAT BANDAR DAMANSARA, DAMANSARA
HEIGHTS, LEVEL 23A, 50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
1) |
Company Secretary |
: |
MS. SELINA BINTI MOHD YUNUS |
|
|
New IC No |
: |
720125-07-5598 |
|
|
Address |
: |
20 JALAN SETIA RAYA, BUKIT DAMANSARA, 50490 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
Banking relations are maintained principally with :
|
1) |
Name |
: |
AMBANK (M) BHD |
|
|
|
|
|
|
2) |
Name |
: |
AMMERCHANT BANK BHD |
|
|
|
|
|
|
3) |
Name |
: |
CIMB BANK BHD |
|
|
|
|
|
|
4) |
Name |
: |
MALAYAN BANKING BHD |
|
|
|
|
|
|
5) |
Name |
: |
OCBC 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 1
|
Date of Creation |
: |
18/10/2006 |
||
|
Description Of Charge |
: |
OPEN CHARGE
|
||
|
Amount Secured |
: |
O/D |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
OCBC BANK (MALAYSIA) BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 21 In The Register of Charges |
||||
ENCUMBRANCE 2
|
Date of Creation |
: |
07/11/2008 |
||
|
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 22 In The Register of Charges |
||||
ENCUMBRANCE 3
|
Date of Creation |
: |
07/11/2008 |
||
|
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 23 In The Register of Charges |
||||
ENCUMBRANCE 4
|
Date of Creation |
: |
18/08/2010 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM62,000,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
AMBANK (M) BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 24 In The Register of Charges |
||||
ENCUMBRANCE 5
|
Date of Creation |
: |
18/08/2010 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM62,000,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
AMBANK (M) BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 25 In The Register of Charges |
||||
ENCUMBRANCE 6
|
Date of Creation |
: |
19/10/2010 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM100,000,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
AMBANK (M) BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 26 In The Register of Charges |
||||
ENCUMBRANCE 7
|
Date of Creation |
: |
26/10/2010 |
||
|
Description Of Charge |
: |
OPEN CHARGE
|
||
|
Amount Secured |
: |
RM1,200,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
MALAYAN BANKING BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 27 In The Register of Charges |
||||
* 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.
* 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.
|
SOURCES OF RAW MATERIALS: |
|||
|
Local |
: |
YES |
|
|
Overseas |
: |
YES |
|
|
Import Countries |
: |
UNITED STATES,EUROPE |
|
|
Local |
: |
NO |
|
|
Overseas |
: |
NO |
|
|
Payment Mode |
: |
CHEQUES |
|
|
Services |
: |
AIRCRAFT INSPECTION, REPAIR & OTHERS
|
|||||
|
Award |
: |
1 ) EXPORT EXCELLENCE AWARD (SERVICES) BY MINISTRY OF INTERNATIONAL
TRADE AND INDUSTRY (MITI) Year :2004
|
|||||
|
Competitor(s) |
: |
DESTINI PRIMA SDN BHD
|
|||||
|
Member(s) / Affiliate(s) |
: |
FEDERATION OF MALAYSIAN MANUFACTURERS (FMM) SMI ASSOCIATION OF MALAYSIA SMALL & MEDIUM ENTERPRISE MALAYSIA LOGISTICS INDUSTRY |
|||||
|
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 |
1,000 |
1,000 |
1,000 |
900 |
800 |
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The SC is principally engaged in the (as a / as an) overhauling, repairing and modification
services to military and commercial aircrafts.
The SC stands for ‘Aircraft Inspection, Repair & Overhaul Depot’. AIROD
was established in 1976 as the first and only in-country facility to support
the Royal Malaysian Air Force (RMAF) aircraft.
AIROD occupies a 77.4-acre site on the northeastern side of the runway.
AIROD’s multi-million dollar facility is an internationally recognized
aerospace maintenance and modification center. AIROD’s well-established
facility includes both narrow and wide body hangars, paint & strip hangar,
support shops and engine test cells.
No projects found in our databank
29/03/2012
A signing ceremony of General Terms Agreement (GTA) between AIROD and GE
Capital Aviation Services (GECAS) was held in AIROD Sdn. Bhd. Representatives
from GECAS comprised of Mr. Teo Hoe Choon, Senior Vice President, Technical
Operation Asia, Mr. Asaai Assad, Vice President, Technical Operation Asia, Mr.
Evan Plank, Vice President & Counsel and Mr. Dominic Gomley, Vice
President. AIROD was represented by Dato’ Abdul Rahim and witnessed by Ybhg
Dato’ Mohamad Sham. Lt Gen Datuk Seri Bashir (rtd) and Dato’ Kamil Aziz.
GECAS has been fully supported in AIROD’s application to FAA recently and to
have support from such an esteemed organization with 1850 aircraft is a dream
come true. AIROD has now secured FAA Repair Station Approval for
B737-200/300/400/500, including the Malaysian DCA and Indonesia DGCA approvals.
Furthermore, AIROD is now applying to expand its capability to include ATR,
B737NGs and A320 family this year and venture into wide-body for the next year
which includes A330 and B777. AIROD is now ready to serve GECAS on all
maintenance requirements and will assure GECAS of its quality and reliable
turnaround time in order to build long term business relationship.
07/12/2011
AIROD Sdn Bhd (AIROD) today signed a Technical Consultancy Services Agreement
(TCSA) with Malaysian Aerospace Engineering Sdn Bhd (MAE) in relation to MAE
providing consultancy services to AIROD for the development of the aerospace
MRO cluster at the new Kunming international airport.
The agreement was signed on behalf of MAE by Encik Mohd Roslan Ismail, CEO of
MAE and Dato’ Kamil Aziz, CEO of AIROD. It was witnessed by the Prime
Minister, YAB Dato’ Seri Mohd Najib bin Tun Abd Razak, and YBhg. Tan Sri
Ahmad bin Johan, the Executive Chairman of National Aerospace & Defence
Industries Sdn Bhd (the holding company of AIROD).
The scope of the TCSA signed initially covers three (3) years and will enable
MAE to provide AIROD with consultancy services in developing the MRO cluster at
the new Kunming international airport in China. Both parties will also explore
and evaluate future business opportunities in relation to the same.
The appointment of MAE as a technical consultant by AIROD marks the coming of
age of an on-going collaboration between the two leading local MRO players in
evolving to become a world leading MRO player.
Latest fresh investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client |
: |
0378465112 |
|
Current Telephone Number |
: |
03-78465112 |
|
Match |
: |
YES |
|
|
|
|
|
Address Provided by Client |
: |
SULTAN ABDUL AZIZ SHAH AIRPORT, JALAN LAPANGAN TERBANG, 47200 SUBANG, |
|
Current Address |
: |
AIROD COMPLEX, JALAN TUDM SUBANG, 47200 SUBANG JAYA, SELANGOR,
MALAYSIA. |
|
Match |
: |
NO |
|
|
|
|
|
Latest Financial Accounts |
: |
NO |
Other Investigations
On 6th February 2013 we contacted one of the staff from the SC and she provided
some information on the SC.
The SC is not aware of the address provided.
SPECIAL REQUEST
The SC refused to disclose its main bankers its branches, main customers and
suppliers.
|
No latest financial accounts are available at the Registry Office,
thus 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: |
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 |
|||||
|
MSIC CODE |
|
|
46599 : Wholesale of other machinery for use in industry, trade and navigation
and other services n.e.c. |
|
|
|
|
|
INDUSTRY : |
MACHINERY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Marginal Growth |
|
Incorporated in 1984, the SC is a Private Limited company, focusing on
overhauling, repairing and modification services to military and commercial aircrafts.
The SC has been in business for over two decades. 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 holding company has enabled the
SC to remain competitive despite the challenging business environment.
We regard that the SC's management capability is weak. Without capable
management, the SC is unlikely to be successful and often contribute to
unacceptable levels of accountability. Weak management can affect productivity,
profitability, sales growth and ultimately can result in the failure of a
business.
No financial accounts are available for analysis. As such, we are not able to
comment on the SC's current financial standing.
The industry has reached its maturity stage and only enjoying a marginal
growth. The steady growth of the country's economy will further enhance the
industry activities. Thus, the SC's future performance is very much depend on
its marketing strategies in order to retain its position in the market.
Based on the above unfavourable condition, we regard granting credit to the SC
to be quite risky. Hence, credit is not recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.08 |
|
|
1 |
Rs.83.11 |
|
Euro |
1 |
Rs.72.01 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.