|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
KILANG RANTAI S.A. SDN BHD. |
|
|
|
|
Registered Office : |
2440,Lorong Perusahaan 10, Perai Industrial Estate, 13600 Prai, Pulau
Pinang |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
30.04.1984 |
|
|
|
|
Com. Reg. No.: |
118880-W |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Manufacturing of Motor Cycle Chains |
|
|
|
|
No. of Employees : |
60 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
malaysia - ECONOMIC OVERVIEW
Malaysia, a
middle-income country, has transformed itself since the 1970s from a producer
of raw materials into an emerging multi-sector economy. Under current Prime
Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020
and to move farther up the value-added production chain by attracting
investments in Islamic finance, high technology industries, biotechnology, and
services. The NAJIB administration also is continuing efforts to boost domestic
demand and reduce the economy's dependence on exports. Nevertheless, exports -
particularly of electronics, oil and gas, palm oil and rubber - remain a
significant driver of the economy. As an oil and gas exporter, Malaysia has
profited from higher world energy prices, although the rising cost of domestic
gasoline and diesel fuel, combined with strained government finances, has
forced Kuala Lumpur to begin to reduce government subsidies. The government is
also trying to lessen its dependence on state oil producer Petronas. The oil
and gas sector supplies more than 40% of government revenue. The central bank
maintains healthy foreign exchange reserves, and a well-developed regulatory
regime has limited Malaysia''s exposure to riskier financial instruments and
the global financial crisis. Nevertheless, Malaysia could be vulnerable to a
fall in commodity prices or a general slowdown in global economic activity
because exports are a major component of GDP. In order to attract increased
investment, NAJIB has raised possible revisions to the special economic and
social preferences accorded to ethnic Malays under the New Economic Policy of
1970, but he has encountered significant opposition, especially from Malay
nationalists and other vested interests.
|
Source : CIA |
|
REGISTRATION NO. |
: |
118880-W |
|
COMPANY NAME |
: |
KILANG RANTAI S.A. SDN BHD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
30/04/1984 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
2440,LORONG PERUSAHAAN 10, PERAI INDUSTRIAL ESTATE, 13600 PRAI, PULAU
PINANG, MALAYSIA. |
|
BUSINESS ADDRESS |
: |
2440, LORONG PERUSAHAAN 10, PRAI INDUSTRIAL ESTATE, 13600 PRAI, PULAU
PINANG, MALAYSIA. |
|
TEL.NO. |
: |
04-3907841 |
|
FAX.NO. |
: |
04-3991440 |
|
EMAIL |
: |
KRSA@PD.JARING.MY |
|
WEB SITE |
: |
WWW.KILANGRANTAI.COM |
|
CONTACT PERSON |
: |
LEE THIAN CHAI ( MANAGING DIRECTOR ) |
|
INDUSTRY CODE |
: |
29300 |
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING OF MOTOR CYCLE CHAINS |
|
AUTHORISED CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 2,250,000.00 DIVIDED INTO |
|
SALES |
: |
MYR 263,539,208 [2011] |
|
NET WORTH |
: |
MYR 98,721,557 [2011] |
|
STAFF STRENGTH |
: |
60 [2013] |
|
BANKER (S) |
: |
HSBC BANK MALAYSIA BHD |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER CHECK |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
STABLE |
|
PAYMENT |
: |
GOOD |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MATURE |
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) manufacturing of
motor cycle chains.
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. LEE THIAN CHAI + |
11A LEBUH KURAU 11, TMN. CHAI LENG, 13700 PERAI, PULAU PINANG,
MALAYSIA. |
601004-01-6151 |
771,429.00 |
34.29 |
|
MR. ARSHAD BIN MD.ISA + |
161,PENKALAN BANGOR, 13200 KEPALA BATAS, SEBERANG PRAI, MALAYSIA. |
510428-07-5231 |
675,000.00 |
30.00 |
|
TARUNO SEMBODO (DECEASED) |
|
00009246 |
270,000.00 |
12.00 |
|
T C LEE & G SDN. BHD. |
51-13-A, MENARA BHL BANK, JALAN SULTAN AHMAD SHAH, 10050 PULAU PINANG,
PULAU PINANG, MALAYSIA. |
687877 |
225,000.00 |
10.00 |
|
AGUS HARTONO + |
JLN KERTAJAYA INDAH, BLK F/2, 241 SURABAYA, EAST JAWA, INDONESIAN. |
E251942 |
180,000.00 |
8.00 |
|
MR. LEE CHENG TEE |
197 JALAN TUNG YEN, 72000 KUALA PILAH, N.SEMBILAN, MALAYSIA. |
630620-05-5827 |
128,571.00 |
5.71 |
|
|
|
|
--------------- |
------ |
|
|
|
|
2,250,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
The SC interest in other companies (Subsidiaries/Associates) are shown
as follow :
|
Local No |
Company |
(%) |
As At |
|
|
KILANG SPROCKET S.A. SDN BHD |
51 |
31/12/2010 |
DIRECTOR 1
|
Name Of Subject |
: |
TAN TJIE THENG |
|
Address |
: |
J1 PETOLONGAN 20, SEMARANG, INDONESIA |
|
IC / PP No |
: |
R025670 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
12/04/2005 |
DIRECTOR 2
|
Name Of Subject |
: |
AGUS HARTONO |
|
Address |
: |
JALAN KERTAJAYA INDAH, BLOK F 11/2, NO. 214, SURABAYA, INDONESIA |
|
IC / PP No |
: |
V829888 |
|
Nationality |
: |
INDONESIAN |
|
Date of Appointment |
: |
03/03/1998 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. ARSHAD BIN MD.ISA |
|
Address |
: |
161,PENKALAN BANGOR, 13200 KEPALA BATAS, SEBERANG PRAI, MALAYSIA. |
|
New IC No |
: |
510428-07-5231 |
|
Date of Birth |
: |
28/04/1951 |
|
Nationality |
: |
MALAYSIAN |
DIRECTOR 4
|
Name Of Subject |
: |
MR. LEE THIAN CHAI |
|
Address |
: |
11A LEBUH KURAU 11, TMN. CHAI LENG, 13700 PERAI, PULAU PINANG,
MALAYSIA. |
|
New IC No |
: |
601004-01-6151 |
|
Date of Birth |
: |
04/10/1960 |
|
Nationality |
: |
MALAYSIAN |
|
1) |
Name of Subject |
: |
LEE THIAN CHAI |
|
|
Position |
: |
MANAGING DIRECTOR |
|
|
|
|
|
|
2) |
Name of Subject |
: |
TAN THIAN SIONG |
|
|
Position |
: |
ACCOUNT MANAGER |
|
|
|
|
|
|
Auditor |
: |
GRANT THORNTON |
|
Auditor' Address |
: |
51-8-A, MENARA BHL BANK, JALAN SULTAN AHMAD SHAH, 10050 PULAU PINANG,
PULAU PINANG, MALAYSIA. |
|
1) |
Company Secretary |
: |
MR. LAI WOOI PING |
|
|
New IC No |
: |
650602-02-5163 |
|
|
Address |
: |
7, GERBANG MIDLANDS, 10250 GEORGETOWN, PULAU PINANG, MALAYSIA. |
Banking relations are maintained principally with :
|
1) |
Name |
: |
HSBC BANK MALAYSIA BHD |
|
|
|
|
|
|
2) |
Name |
: |
MALAYAN BANKING BHD |
|
|
|
|
|
|
3) |
Name |
: |
RHB BANK BHD |
|
|
|
|
|
|
4) |
Name |
: |
SIME BANK 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 |
: |
10/09/1987 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM400,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
RHB BANK BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 4 In The Register of Charges |
||||
ENCUMBRANCE 2
|
Date of Creation |
: |
08/09/1990 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM670,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORP BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 8 In The Register of Charges |
||||
ENCUMBRANCE 3
|
Date of Creation |
: |
04/11/1986 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR800,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
MALAYSIAN INDUSTRIAL FINANCE BHD
|
||
|
Form 40 Dated 24/11/1986 |
||||
|
Registered and Numbered 1 In The Register of Charges |
||||
ENCUMBRANCE 4
|
Date of Creation |
: |
02/08/1993 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR400,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORPORATION BERHAD
|
||
|
Form 40 Dated 03/09/1993 |
||||
|
Registered and Numbered 10 In The Register of Charges |
||||
ENCUMBRANCE 5
|
Date of Creation |
: |
02/08/1993 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR400,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
RHB BANK BERHAD
|
||
|
Form 40 Dated 03/09/1993 |
||||
|
Registered and Numbered 11 In The Register of Charges |
||||
ENCUMBRANCE 6
|
Date of Creation |
: |
12/05/1994 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR1,050,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORP BHD
|
||
|
Form 40 Dated 20/05/1994 |
||||
|
Registered and Numbered 13 In The Register of Charges |
||||
ENCUMBRANCE 7
|
Date of Creation |
: |
06/03/1995 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR1,000,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORP BHD
|
||
|
Form 40 Dated 28/06/1995 |
||||
|
Registered and Numbered 15 In The Register of Charges |
||||
ENCUMBRANCE 8
|
Date of Creation |
: |
19/12/1995 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR3,000,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORP BHD
|
||
|
Form 40 Dated 11/04/1996 |
||||
|
Registered and Numbered 16 In The Register of Charges |
||||
ENCUMBRANCE 9
|
Date of Creation |
: |
19/12/1995 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR1,900,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORP BHD
|
||
|
Form 40 Dated 11/04/1996 |
||||
|
Registered and Numbered 17 In The Register of Charges |
||||
ENCUMBRANCE 10
|
Date of Creation |
: |
19/12/1995 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR1,900,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
RHB BANK BERHAD
|
||
|
Form 40 Dated 11/04/1996 |
||||
|
Registered and Numbered 18 In The Register of Charges |
||||
ENCUMBRANCE 11
|
Date of Creation |
: |
02/01/1987 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR800,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
MALAYSIA INDUSTRIAL FINANCE BHD
|
||
|
Form 40 Dated 21/01/1987 |
||||
|
Registered and Numbered 2 In The Register of Charges |
||||
ENCUMBRANCE 12
|
Date of Creation |
: |
05/06/1996 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR1,650,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE BHD
|
||
|
Form 40 Dated 12/10/1996 |
||||
|
Registered and Numbered 20 In The Register of Charges |
||||
ENCUMBRANCE 13
|
Date of Creation |
: |
19/06/1997 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR3,080,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
SIME BANK BHD
|
||
|
Form 40 Dated 01/07/1997 |
||||
|
Registered and Numbered 21 In The Register of Charges |
||||
ENCUMBRANCE 14
|
Date of Creation |
: |
12/03/1998 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR1,350,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE BERHAD
|
||
|
Form 40 Dated 10/04/1998 |
||||
|
Registered and Numbered 23 In The Register of Charges |
||||
ENCUMBRANCE 15
|
Date of Creation |
: |
03/02/2004 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR3,360,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
MALAYAN BANKING BERHAD
|
||
|
Form 40 Dated 19/05/2004 |
||||
|
Registered and Numbered 24 In The Register of Charges |
||||
ENCUMBRANCE 16
|
Date of Creation |
: |
03/02/2004 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR100,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
MALAYAN BANKING BERHAD
|
||
|
Form 40 Dated 19/05/2004 |
||||
|
Registered and Numbered 25 In The Register of Charges |
||||
ENCUMBRANCE 17
|
Date of Creation |
: |
21/07/1987 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR800,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE BERHAD
|
||
|
Form 40 Dated 18/08/1987 |
||||
|
Registered and Numbered 3 In The Register of Charges |
||||
ENCUMBRANCE 18
|
Date of Creation |
: |
08/09/1990 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR600,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORPBHD
|
||
|
Form 40 Dated 08/11/1990 |
||||
|
Registered and Numbered 5 In The Register of Charges |
||||
ENCUMBRANCE 19
|
Date of Creation |
: |
08/09/1990 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR600,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
RHB BANK BERHAD
|
||
|
Form 40 Dated 08/11/1990 |
||||
|
Registered and Numbered 6 In The Register of Charges |
||||
ENCUMBRANCE 20
|
Date of Creation |
: |
08/09/1990 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR670,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORPBHD
|
||
|
Form 40 Dated 08/11/1990 |
||||
|
Registered and Numbered 7 In The Register of Charges |
||||
ENCUMBRANCE 21
|
Date of Creation |
: |
31/12/1992 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
MYR1,500,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE BERHAD
|
||
|
Form 40 Dated 03/05/1993 |
||||
|
Registered and Numbered 9 In The Register of Charges |
||||
ENCUMBRANCE 22
|
Date of Creation |
: |
12/05/1994 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM1,050,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORP BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 12 In The Register of Charges |
||||
ENCUMBRANCE 23
|
Date of Creation |
: |
06/03/1995 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM1,000,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORP BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 14 In The Register of Charges |
||||
ENCUMBRANCE 24
|
Date of Creation |
: |
19/12/1995 |
||
|
Description Of Charge |
: |
OPEN CHARGE
|
||
|
Amount Secured |
: |
RM3,000,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
UNITED MALAYAN BANKING CORP BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 19 In The Register of Charges |
||||
ENCUMBRANCE 25
|
Date of Creation |
: |
19/06/1997 |
||
|
Description Of Charge |
: |
OPEN CHARGE
|
||
|
Amount Secured |
: |
RM3,080,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
SIME BANK BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 22 In The Register of Charges |
||||
ENCUMBRANCE 26
|
Date of Creation |
: |
18/09/2007 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM8,100,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
RHB BANK BHD
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 26 In The Register of Charges |
||||
ENCUMBRANCE 27
|
Date of Creation |
: |
19/12/2008 |
||
|
Description Of Charge |
: |
OPEN CHARGE
|
||
|
Amount Secured |
: |
N/A |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
HSBC BANK MALAYSIA 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 |
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 |
[ |
X |
] |
|
Average 61-90 Days |
[ |
|
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
|
] |
|
|
|
|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Products manufactured |
: |
|
|
|
|
|
|
|
|
Award |
: |
1 ) ENTERPRISE 50 AWARD Year :1999
|
|
|
|
|
|
|
|
Certification of Products |
: |
1 ) MS 996:PT. 1:1985(P)
|
|
|
|
|
|
|
|
Member(s) / Affiliate(s) |
: |
SMI ASSOCIATION OF MALAYSIA SMALL & MEDIUM ENTERPRISE MALAYSIA EXTERNAL TRADE DEVELOPMENT CORPORATION (MATRADE) |
|
|
|
|
|
|
|
Ownership of premises |
: |
OWNED
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|||
|
GROUP |
N/A |
200 |
200 |
200 |
200 |
|
|
|
|
|
COMPANY |
60 |
50 |
60 |
53 |
60 |
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The SC is principally engaged in the (as a / as an) manufacturing of motor
cycle chains.
The SC is pioneer in roller chain industry having most modern infrastructures
and state of the art machineries.
The core business of SC is manufacturing of motorcycle chain, bicycle chain and
industrial chain. Most of the chains produced at SC carry the renowned house
brand RKM or SSS.
Some of the products are including Silent Chain, Roller Chain, O-ring Chain,
Timing Chain, Heavy Duty Chain, Motorcross Racing Chain, Industrial Chain,
Conveyor Chain, Bicycle Chain, Motorcycle Sprockets, Aluminium Racing
Sprockets, Aluminium Rim and others.
Besides that the SC has established itself as a leader and successful
manufacturer in the roller chain industry by supplying its products throughout
whole Malaysia and Overseas.
The SC covers majority of the OEM market (HONDA, YAMAHA, SUZUKI, KAWASAKI and
MODENAS)
The SC produces the chain according to its customers' orders.
No projects found in our databank
Latest fresh investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
04-3907841 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
2440, LORONG PERUSAHAAN 10, PRAI INDUSTRIAL ESTATE,13600,PRAI,PULAU
PINANG. |
|
Current Address |
: |
2440, LORONG PERUSAHAAN 10, PRAI INDUSTRIAL ESTATE, 13600 PRAI, PULAU
PINANG, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
On 14th February 2013 we contacted one of the staff from the SC and she
provided some information on the SC.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Increased |
[ |
2007 - 2011 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2007 - 2011 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
11.44% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
13.75% |
] |
|
|
|
|
|
|
|
|
|
|
The SC's turnover increased steadily as the demand for its products /
services increased due to the goodwill built up over the years.The dip in
profit could be due to the stiff market competition which reduced the SC's
profit margin. The SC's management had generated acceptable return for its
shareholders using its assets. |
||||||
|
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
|
Current Ratio |
: |
Acceptable |
[ |
1.34 Times |
] |
|
|
|
|
|
|
|
|
|
|
The SC has an adequate liquidity position with its current liabilities
well covered by its current assets. With its net current assets, the SC
should be able to repay its short term obligations. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Liability Ratio |
: |
Unfavourable |
[ |
1.44 Times |
] |
|
|
|
|
|
|
|
|
|
|
The SC has high liabilities ratio and it may face financial
difficulties if no additional capital is injected. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Assessment : |
|
|
|
|
|
|
|
Although the SC's turnover had increased, its profits had declined
over the same corresponding period. This could be due to the stiffer market
competition and / or higher operating costs which lowered the SC's profit
margin. The SC was in good liquidity position with its total current
liabilities well covered by its total current assets. With its current net
assets, the SC should be able to repay its short term obligations. The SC's
liabilities level was high and its going concern will be in doubt if there is
no injection of additional shareholders' funds in times of economic downturn
and / or high interest rates. |
||||||
|
|
|
|
|
|
|
|
|
Overall financial condition of the SC : STABLE |
||||||
|
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 |
|
|
29300 : Manufacture of parts and accessories for motor vehicles |
|
|
|
|
|
INDUSTRY : |
MOTOR VECHICLE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Mature |
|
Incorporated in 1984, the SC is a Private Limited company, focusing on
manufacturing of motor cycle chains. 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. With an adequate share capital, the
SC has the potential of expanding its business in future. The business position
much depend on directors abilities.
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. To
improve its quality products and services, we noted that the SC has received a
number of certifications & awards. This will improve the customer's
confidence level to the SC.
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. The SC managed to maintain an adequate liquidity level, indicating that
the SC has the ability to meet its financial obligations. The SC has high
liabilities ratio and it may face financial difficulties if no additional
capital is injected. Given a positive net worth standing at MYR 98,721,557, 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.
Overall, the SC's payment habit is good as the SC has a good credit control and
it could be taking advantage of the cash discounts while maintaining a good
reputation with its creditors.
The industry has reached its optimum level and is generally stable. It is
saturated and very competitive. Thus, the SC's growth prospect is very much
depends on its capacity in sustaining its performance in the market.
Based on the above condition, we recommend credit be granted to the SC
normally.
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
KILANG RANTAI S.A.
SDN BHD. |
|
Financial
Year End |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
31/12/2007 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated
Account |
GROUP |
GROUP |
GROUP |
GROUP |
GROUP |
|
Audited
Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial
Type |
SUMMARY |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
|
|
|
|
|
|
|
TURNOVER |
263,539,208 |
187,223,621 |
116,664,502 |
123,744,402 |
92,150,956 |
|
Other Income |
- |
1,816,624 |
2,736,369 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
263,539,208 |
189,040,245 |
119,400,871 |
123,744,402 |
92,150,956 |
|
Costs of Goods Sold |
- |
<152,789,021> |
<103,807,715> |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Gross Profit |
- |
36,251,224 |
15,593,156 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
17,688,566 |
22,242,591 |
7,705,943 |
8,108,144 |
8,426,127 |
|
SHARE OF PROFITS/(LOSSES) OF ASSOCIATED
COMPANIES |
- |
1,045,052 |
547,523 |
<258,201> |
<71,627> |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
17,688,566 |
23,287,643 |
8,253,466 |
7,849,943 |
8,354,500 |
|
Taxation |
<1,955,598> |
<2,839,700> |
<816,570> |
<663,091> |
<349,872> |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
15,732,968 |
20,447,943 |
7,436,896 |
7,186,852 |
8,004,628 |
|
Minority interests |
<4,439,294> |
<2,766,111> |
<1,017,142> |
<760,014> |
<512,731> |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
11,293,674 |
17,681,832 |
6,419,754 |
6,426,838 |
7,491,897 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
11,293,674 |
17,681,832 |
6,419,754 |
6,426,838 |
7,491,897 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
67,525,368 |
50,968,536 |
46,798,782 |
42,621,944 |
37,380,047 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
67,525,368 |
50,968,536 |
46,798,782 |
42,621,944 |
37,380,047 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
78,819,042 |
68,650,368 |
53,218,536 |
49,048,782 |
44,871,944 |
|
DIVIDENDS - Ordinary (paid & proposed) |
<1,125,000> |
<1,125,000> |
<2,250,000> |
<2,250,000> |
<2,250,000> |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
77,694,042 |
67,525,368 |
50,968,536 |
46,798,782 |
42,621,944 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
|
|
|
|
Others |
- |
9,225,582 |
1,018,526 |
946,883 |
520,345 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
- |
9,225,582 |
1,018,526 |
946,883 |
520,345 |
|
|
============= |
============= |
============= |
============= |
============= |
|
KILANG RANTAI S.A.
SDN BHD. |
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
90,727,070 |
73,639,472 |
52,384,914 |
48,555,312 |
40,738,829 |
|
|
|
|
|
|
|
|
LONG TERM
INVESTMENTS/OTHER ASSETS |
|
|
|
|
|
|
Associated companies |
- |
921,054 |
1,817,606 |
2,365,129 |
2,556,682 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
- |
921,054 |
1,817,606 |
2,365,129 |
2,556,682 |
|
|
|
|
|
|
|
|
INTANGIBLE
ASSETS |
|
|
|
|
|
|
Others |
- |
15,200,000 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL INTANGIBLE ASSETS |
- |
15,200,000 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
90,727,070 |
89,760,526 |
54,202,520 |
50,920,441 |
43,295,511 |
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
Stocks |
- |
72,839,854 |
30,770,422 |
41,567,177 |
32,006,130 |
|
Trade debtors |
- |
27,260,257 |
17,970,661 |
19,348,912 |
17,349,468 |
|
Other debtors, deposits & prepayments |
- |
6,262,080 |
1,600,792 |
1,406,726 |
774,336 |
|
Short term deposits |
- |
6,670,257 |
- |
- |
- |
|
Amount due from associated companies |
- |
1,161,118 |
1,400,763 |
240,288 |
240,000 |
|
Cash & bank balances |
- |
11,757,388 |
4,464,357 |
3,417,114 |
3,141,546 |
|
Others |
- |
182,736 |
1,796,693 |
1,339,795 |
1,119,991 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
150,196,873 |
126,133,690 |
58,003,688 |
67,320,012 |
54,631,471 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
240,923,943 |
215,894,216 |
112,206,208 |
118,240,453 |
97,926,982 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Trade creditors |
- |
22,986,153 |
6,159,521 |
4,693,372 |
3,850,746 |
|
Other creditors & accruals |
- |
17,996,638 |
5,005,681 |
6,364,966 |
10,024,648 |
|
Hire purchase & lease creditors |
- |
- |
- |
- |
6,716 |
|
Bank overdraft |
- |
- |
- |
66,047 |
66,156 |
|
Short term borrowings/Term loans |
- |
11,653,275 |
1,661,389 |
1,362,335 |
2,063,736 |
|
Bill & acceptances payable |
- |
32,855,634 |
24,303,135 |
39,187,892 |
20,287,686 |
|
Amounts owing to director |
- |
6,055,173 |
4,692,734 |
3,740,512 |
2,693,763 |
|
Other liabilities |
- |
1,867,206 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
112,285,292 |
93,414,079 |
41,822,460 |
55,415,124 |
38,993,451 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
37,911,581 |
32,719,611 |
16,181,228 |
11,904,888 |
15,638,020 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
128,638,651 |
122,480,137 |
70,383,748 |
62,825,329 |
58,933,531 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
2,250,000 |
2,250,000 |
2,250,000 |
2,250,000 |
2,250,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
2,250,000 |
2,250,000 |
2,250,000 |
2,250,000 |
2,250,000 |
|
|
|
|
|
|
|
|
RESERVES |
|
|
|
|
|
|
Share premium |
- |
2,100,000 |
2,100,000 |
2,100,000 |
2,100,000 |
|
Retained profit/(loss) carried forward |
77,694,042 |
67,525,368 |
50,968,536 |
46,798,782 |
42,621,944 |
|
Others |
2,098,146 |
29,917 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
79,792,188 |
69,655,285 |
53,068,536 |
48,898,782 |
44,721,944 |
|
|
|
|
|
|
|
|
MINORITY INTEREST |
16,679,369 |
12,240,075 |
3,961,038 |
2,943,896 |
2,183,882 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
98,721,557 |
84,145,360 |
59,279,574 |
54,092,678 |
49,155,826 |
|
|
|
|
|
|
|
|
LONG TERM
LIABILITIES |
|
|
|
|
|
|
Long term loans |
- |
21,844,245 |
8,529,174 |
6,336,951 |
7,737,005 |
|
Hire purchase creditors |
- |
- |
- |
2,395,700 |
- |
|
Deferred taxation |
- |
2,791,000 |
2,575,000 |
- |
2,040,700 |
|
Retirement benefits provision |
- |
7,999,532 |
- |
- |
- |
|
Others |
- |
5,700,000 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
29,917,094 |
38,334,777 |
11,104,174 |
8,732,651 |
9,777,705 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
128,638,651 |
122,480,137 |
70,383,748 |
62,825,329 |
58,933,531 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
KILANG RANTAI S.A.
SDN BHD. |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Cash |
- |
18,427,645 |
4,464,357 |
3,417,114 |
3,141,546 |
|
Net Liquid Funds |
- |
18,427,645 |
4,464,357 |
3,351,067 |
3,075,390 |
|
Net Liquid Assets |
37,911,581 |
<40,120,243> |
<14,589,194> |
<29,662,289> |
<16,368,110> |
|
Net Current Assets/(Liabilities) |
37,911,581 |
32,719,611 |
16,181,228 |
11,904,888 |
15,638,020 |
|
Net Tangible Assets |
128,638,651 |
107,280,137 |
70,383,748 |
62,825,329 |
58,933,531 |
|
Net Monetary Assets |
7,994,487 |
<78,455,020> |
<25,693,368> |
<38,394,940> |
<26,145,815> |
|
BALANCE SHEET
ITEMS |
|
|
|
|
|
|
Total Borrowings |
- |
33,497,520 |
10,190,563 |
10,161,033 |
9,873,613 |
|
Total Liabilities |
142,202,386 |
131,748,856 |
52,926,634 |
64,147,775 |
48,771,156 |
|
Total Assets |
240,923,943 |
215,894,216 |
112,206,208 |
118,240,453 |
97,926,982 |
|
Net Assets |
128,638,651 |
122,480,137 |
70,383,748 |
62,825,329 |
58,933,531 |
|
Net Assets Backing |
98,721,557 |
84,145,360 |
59,279,574 |
54,092,678 |
49,155,826 |
|
Shareholders' Funds |
98,721,557 |
84,145,360 |
59,279,574 |
54,092,678 |
49,155,826 |
|
Total Share Capital |
2,250,000 |
2,250,000 |
2,250,000 |
2,250,000 |
2,250,000 |
|
Total Reserves |
79,792,188 |
69,655,285 |
53,068,536 |
48,898,782 |
44,721,944 |
|
LIQUIDITY
(Times) |
|
|
|
|
|
|
Cash Ratio |
- |
0.20 |
0.11 |
0.06 |
0.08 |
|
Liquid Ratio |
- |
0.57 |
0.65 |
0.46 |
0.58 |
|
Current Ratio |
1.34 |
1.35 |
1.39 |
1.21 |
1.40 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
|
|
|
|
Stock Ratio |
- |
142 |
96 |
123 |
127 |
|
Debtors Ratio |
- |
53 |
56 |
57 |
69 |
|
Creditors Ratio |
- |
55 |
22 |
14 |
15 |
|
SOLVENCY RATIOS
(Times) |
|
|
|
|
|
|
Gearing Ratio |
- |
0.40 |
0.17 |
0.19 |
0.20 |
|
Liabilities Ratio |
1.44 |
1.57 |
0.89 |
1.19 |
0.99 |
|
Times Interest Earned Ratio |
- |
3.52 |
9.10 |
9.29 |
17.06 |
|
Assets Backing Ratio |
57.17 |
47.68 |
31.28 |
27.92 |
26.19 |
|
PERFORMANCE
RATIO (%) |
|
|
|
|
|
|
Operating Profit Margin |
6.71 |
12.44 |
7.07 |
6.34 |
9.07 |
|
Net Profit Margin |
4.29 |
9.44 |
5.50 |
5.19 |
8.13 |
|
Return On Net Assets |
13.75 |
26.55 |
13.17 |
14.00 |
15.06 |
|
Return On Capital Employed |
12.17 |
21.69 |
12.47 |
13.36 |
14.50 |
|
Return On Shareholders' Funds/Equity |
11.44 |
21.01 |
10.83 |
11.88 |
15.24 |
|
Dividend Pay Out Ratio (Times) |
0.10 |
0.06 |
0.35 |
0.35 |
0.30 |
|
NOTES TO
ACCOUNTS |
|
|
|
|
|
|
Contingent Liabilities |
- |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
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.