|
* Adopted abbreviations :
|
SC - Subject Company (the company
enquired by you)
|
|
|
|
N/A - Not Applicable
|
|
|
|
EXECUTIVE
SUMMARY
|
REGISTRATION NO.
|
:
|
863428-M
|
|
COMPANY NAME
|
:
|
VALE MALAYSIA MINERALS SDN BHD
|
|
FORMER NAME
|
:
|
VALE MALAYSIA MANUFACTURING SDN BHD
(06/03/2012)
|
|
INCORPORATION DATE
|
:
|
07/07/2009
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
PRIVATE LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
LEVEL 21, SUITE 21.01, THE GARDENS SOUTH
TOWER, MID VALLEY CITY, LINGKARAN SYED PUTRA, 59200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
N/A
|
|
TEL.NO.
|
:
|
N/A
|
|
FAX.NO.
|
:
|
N/A
|
|
CONTACT PERSON
|
:
|
N/A
|
|
|
|
|
|
INDUSTRY CODE
|
:
|
0
|
|
PRINCIPAL ACTIVITY
|
:
|
DORMANT
|
|
AUTHORISED CAPITAL
|
:
|
MYR 1,995,000,000.00 DIVIDED INTO
ORDINARY SHARE 1,995,000,000.00 OF MYR 1.00 EACH.
|
|
ISSUED AND PAID UP CAPITAL
|
:
|
MYR 1,222,845,876.00 DIVIDED INTO
ORDINARY SHARES 1,222,845,876 CASH OF MYR 1.00 EACH.
|
|
|
|
|
|
SALES
|
:
|
N/A
|
|
NET WORTH
|
:
|
MYR 757,721,314 [2011]
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
N/A
|
|
LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER CHECK
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
N/A
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
N/A
|
|
|
|
|
|
COMMERCIAL RISK
|
:
|
N/A
|
|
CURRENCY EXPOSURE
|
:
|
N/A
|
|
GENERAL REPUTATION
|
:
|
N/A
|
|
INDUSTRY OUTLOOK
|
:
|
NOT YET DETERMINED
|
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) dormant.
The SC is not listed on Bursa Malaysia (Malaysia Stock Exchange).
The immediate holding company of the SC is VALE INTERNATIONAL SA, a
company incorporated in SWITZERLAND.
The ultimate holding company of the SC is VALE S.A., a company
incorporated in BRAZIL.
The major shareholder(s) of the SC are
shown as follows :
|
Name
|
Address
|
IC/PP/Loc No
|
Shareholding
|
(%)
|
|
VALE INTERNATIONAL SA
|
|
XLZ00214806
|
1,222,845,876.00
|
100.00
|
|
|
|
|
---------------
|
------
|
|
|
|
|
1,222,845,876.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
FABIANO MACHADO DE CASTRO
|
|
Address
|
:
|
UNIT 16, JALAN UTAMA, MARINA ISLAND, KM1 TELUK
MUROH, 32200 LUMUT, PERAK, MALAYSIA.
|
|
IC / PP No
|
:
|
FB819504
|
|
|
|
|
|
Date of Birth
|
:
|
08/03/1974
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of Appointment
|
:
|
05/09/2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject
|
:
|
JOAO MENDES DE FARIA
|
|
Address
|
:
|
7, TEMASEK BOULEVARD #33-08, SUNTEC TOWER
ONE, SINGAPORE 038987, MALAYSIA.
|
|
IC / PP No
|
:
|
CY387014
|
|
|
|
|
|
Date of Birth
|
:
|
20/02/1964
|
|
|
|
|
|
Nationality
|
:
|
BRAZILIAN
|
|
Date of Appointment
|
:
|
18/08/2009
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject
|
:
|
TAN POH OON
|
|
Address
|
:
|
12135, JALAN 3/109F, TAMAN DESA, 58100
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
520127-07-5093
|
|
Date of Birth
|
:
|
27/01/1952
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN CHINESE
|
|
Date of Appointment
|
:
|
07/07/2009
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of Subject
|
:
|
ANE GUILHERME KOPPERSCHMIDT
|
|
Address
|
:
|
ROOM NO. 2032, THE GARDENS HOTEL &
RESIDENCES, THE GARDENS MID VALLEY CITY, LINGKARAN SYED PUTRA, 59200 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
IC / PP No
|
:
|
YA485993
|
|
|
|
|
|
Date of Birth
|
:
|
24/11/1965
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of Appointment
|
:
|
25/02/2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 5
|
Name Of Subject
|
:
|
YIAP TIEW KUANG
|
|
Address
|
:
|
18, ELITIS LAMAN HIJAU, VALENCIA HILLCOURT
PRECINCT, 47000 SUNGAI BULOH, SELANGOR, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
540515-08-5865
|
|
Date of Birth
|
:
|
15/05/1954
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN CHINESE
|
|
Date of Appointment
|
:
|
07/07/2009
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 6
|
Name Of Subject
|
:
|
MAURICIO ROCHA UMOND
|
|
Address
|
:
|
UNIT BB-21-01, MK 10 CONDOMINIUM, JALAN
KIARA 1, MONT KIARA, 50480 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
IC / PP No
|
:
|
FE430497
|
|
|
|
|
|
Date of Birth
|
:
|
27/05/1961
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
Date of Appointment
|
:
|
05/09/2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 7
|
Name Of Subject
|
:
|
MARCELO EDUARDO FIGUEEDO
|
|
Address
|
:
|
WAY 418, VILLA 1266 - THE WAVE, MUSCAT -
OMAN, MALAYSIA.
|
|
IC / PP No
|
:
|
YA064774
|
|
|
|
|
|
Date of Birth
|
:
|
11/05/1964
|
|
|
|
|
|
Nationality
|
:
|
BRAZILIAN
|
|
Date of Appointment
|
:
|
25/02/2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
No data found in our databank.
|
Auditor
|
:
|
PRICEWATERHOUSECOOPERS
|
|
Auditor' Address
|
:
|
LEVEL 15, 1 SENTRAL, JALAN TRAVERS,K.L.
CENTRAL, P.O.BOX 10192, 50706 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA.
|
|
|
|
|
|
|
|
|
COMPANY
SECRETARIES
|
1)
|
Company Secretary
|
:
|
MR. LIM POH SENG
|
|
|
|
|
|
|
|
New IC No
|
:
|
710228-10-5519
|
|
|
Address
|
:
|
NO. 22, JALAN SS 3/22, 47300 PETALING
JAYA, SELANGOR, MALAYSIA.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
No Banker found in our databank.
ENCUMBRANCE
(S)
No encumbrance was found in our databank at the time of investigation.
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
|
:
|
N/A
|
|
Overseas
|
:
|
N/A
|
|
|
|
|
CLIENTELE
No data found in our databank.
OPERATIONS
Other Information:
The SC is principally engaged in the (as a / as an) dormant.
PROJECTS
No projects found in our databank
CURRENT
INVESTIGATION
Latest fresh investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client
|
:
|
60 3 7862 2200
|
|
Current Telephone Number
|
:
|
N/A
|
|
Match
|
:
|
NO
|
|
|
|
|
|
Address Provided by Client
|
:
|
LEVEL 16, SUITE 16.01 & 16.02, NO. 1
FIRST AVENUE, BANDAR UTAMA, 47800 PETALING JAYA, SELANGOR
|
|
Current Address
|
:
|
N/A
|
|
Match
|
:
|
NO
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
YES
|
Other Investigations
We were unable to contact the SC and its Directors.
We contacted its Company Secretary, Mr Lim Poh Seng. However, he informed us
that it is inconvenient to contact the SC and its Directors. He therefore
requested us to send all enquires to the registered office for further
information on the SC. He refused to disclose any information on the SC.
The address and contact number provided belongs to the SC's related company
Valeserve Malaysia Sdn Bhd. According to Mr Shyila from the Finance
Department. The SC has not yet commenced its business operation as its
factory located in Lumut, Perak is still under construction and is expected
to be operational in 2014.
The other address at TELUK RUBIAH SERI MANJUNG 3204, PERAK, MALAYSIA belongs
to the SC's factory. The SC is expected to develop and operate pelletising
plant.
The contact number and address provided belongs to the SC's related company
Valeserve Malaysia Sdn Bhd.
FINANCIAL
ANALYSIS
|
The SC is a dormant company. Thus it is
not appropriate for us 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
(Source : Department of Statistics / Economic Report / Bank Negara Report)
|
|
|
|
|
|
|
|
INDUSTRY
ANALYSIS
|
MSIC CODE
|
|
0 : DORMANT
|
|
|
|
|
INDUSTRY :
|
DORMANT
|
|
|
|
|
|
|
The SC is a dormant company and it is not active in its business operation.
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Not Yet Determined
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
As the SC is a dormant company, it is inappropriate to comment on its
creditworthiness. In view of the above, we do not recommend any credit be
granted to the SC.
|
PROFIT
AND LOSS ACCOUNT
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN
FINANCIAL REPORTING STANDARDS(FRS)
|
|
VALE MALAYSIA MINERALS SDN BHD
|
|
Financial Year End
|
31/12/2011
|
31/12/2010
|
|
Months
|
12
|
16
|
|
Consolidated Account
|
Company
|
Company
|
|
Audited Account
|
YES
|
YES
|
|
Unqualified Auditor's Report (Clean
Opinion)
|
YES
|
YES
|
|
Financial Type
|
FULL
|
FULL
|
|
Currency
|
MYR
|
MYR
|
|
|
|
|
|
TURNOVER
|
0
|
0
|
|
|
----------------
|
----------------
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS
|
<26,532,160>
|
<9,693,490>
|
|
|
----------------
|
----------------
|
|
PROFIT/(LOSS) BEFORE TAXATION
|
<26,532,160>
|
<9,693,490>
|
|
Taxation
|
0
|
<189,412>
|
|
|
----------------
|
----------------
|
|
PROFIT/(LOSS) AFTER TAXATION
|
<26,532,160>
|
<9,882,902>
|
|
|
----------------
|
----------------
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD
|
|
|
|
As previously reported
|
<9,882,902>
|
0
|
|
|
----------------
|
----------------
|
|
As restated
|
<9,882,902>
|
-
|
|
|
----------------
|
----------------
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS
|
<36,415,062>
|
<9,882,902>
|
|
|
----------------
|
----------------
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD
|
<36,415,062>
|
<9,882,902>
|
|
|
=============
|
=============
|
|
|
|
|
BALANCE
SHEET
|
VALE MALAYSIA MINERALS SDN BHD
|
|
ASSETS EMPLOYED:
|
|
|
|
FIXED ASSETS
|
778,517,884
|
254,144,478
|
|
|
|
|
|
|
----------------
|
----------------
|
|
TOTAL LONG TERM ASSETS
|
778,517,884
|
254,144,478
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
Other debtors, deposits & prepayments
|
711,102
|
205,481
|
|
Cash & bank balances
|
5,238,135
|
790,425
|
|
|
----------------
|
----------------
|
|
TOTAL CURRENT ASSETS
|
5,949,237
|
995,906
|
|
|
----------------
|
----------------
|
|
TOTAL ASSET
|
784,467,121
|
255,140,384
|
|
|
=============
|
=============
|
|
|
|
|
|
CURRENT LIABILITIES
|
|
|
|
Other creditors & accruals
|
26,697,200
|
3,494,485
|
|
Amounts owing to holding company
|
48,607
|
-
|
|
Amounts owing to related companies
|
-
|
12,729
|
|
Dividends payable/proposed
|
-
|
189,412
|
|
|
----------------
|
----------------
|
|
TOTAL CURRENT LIABILITIES
|
26,745,807
|
3,696,626
|
|
|
----------------
|
----------------
|
|
NET CURRENT ASSETS/(LIABILITIES)
|
<20,796,570>
|
<2,700,720>
|
|
|
----------------
|
----------------
|
|
TOTAL NET ASSETS
|
757,721,314
|
251,443,758
|
|
|
=============
|
=============
|
|
|
|
|
|
SHARE CAPITAL
|
|
|
|
Ordinary share capital
|
3,500,000
|
3,500,000
|
|
|
----------------
|
----------------
|
|
TOTAL SHARE CAPITAL
|
3,500,000
|
3,500,000
|
|
|
|
|
|
RESERVES
|
|
|
|
Share premium
|
790,636,376
|
-
|
|
Retained profit/(loss) carried forward
|
<36,415,062>
|
<9,882,902>
|
|
Others
|
-
|
257,826,660
|
|
|
----------------
|
----------------
|
|
TOTAL RESERVES
|
754,221,314
|
247,943,758
|
|
|
|
|
|
|
----------------
|
----------------
|
|
SHAREHOLDERS' FUNDS/EQUITY
|
757,721,314
|
251,443,758
|
|
|
|
|
|
|
----------------
|
----------------
|
|
|
757,721,314
|
251,443,758
|
|
|
=============
|
=============
|
|
|
|
|
FINANCIAL
RATIO
|
VALE MALAYSIA MINERALS SDN BHD
|
|
TYPES OF FUNDS
|
|
|
|
Cash
|
5,238,135
|
790,425
|
|
Net Liquid Funds
|
5,238,135
|
790,425
|
|
Net Liquid Assets
|
<20,796,570>
|
<2,700,720>
|
|
Net Current Assets/(Liabilities)
|
<20,796,570>
|
<2,700,720>
|
|
Net Tangible Assets
|
757,721,314
|
251,443,758
|
|
Net Monetary Assets
|
<20,796,570>
|
<2,700,720>
|
|
BALANCE SHEET ITEMS
|
|
|
|
Total Borrowings
|
0
|
0
|
|
Total Liabilities
|
26,745,807
|
3,696,626
|
|
Total Assets
|
784,467,121
|
255,140,384
|
|
Net Assets
|
757,721,314
|
251,443,758
|
|
Net Assets Backing
|
757,721,314
|
251,443,758
|
|
Shareholders' Funds
|
757,721,314
|
251,443,758
|
|
Total Share Capital
|
3,500,000
|
3,500,000
|
|
Total Reserves
|
754,221,314
|
247,943,758
|
|
LIQUIDITY (Times)
|
|
|
|
Cash Ratio
|
0.20
|
0.21
|
|
Liquid Ratio
|
0.22
|
0.27
|
|
Current Ratio
|
0.22
|
0.27
|
|
WORKING CAPITAL CONTROL (Days)
|
|
|
|
Stock Ratio
|
0
|
0
|
|
Debtors Ratio
|
0
|
0
|
|
Creditors Ratio
|
0
|
0
|
|
SOLVENCY RATIOS (Times)
|
|
|
|
Gearing Ratio
|
0.00
|
0.00
|
|
Liabilities Ratio
|
0.04
|
0.01
|
|
Times Interest Earned Ratio
|
0.00
|
0.00
|
|
Assets Backing Ratio
|
216.49
|
0.21
|
|
PERFORMANCE RATIO (%)
|
|
|
|
Operating Profit Margin
|
0.00
|
0.00
|
|
Net Profit Margin
|
0.00
|
0.00
|
|
Return On Net Assets
|
<3.50>
|
<3.86>
|
|
Return On Capital Employed
|
<3.50>
|
<3.86>
|
|
Return On Shareholders' Funds/Equity
|
<3.50>
|
<3.93>
|
|
Dividend Pay Out Ratio (Times)
|
0.00
|
0.00
|
|
NOTES TO ACCOUNTS
|
|
|
|
Contingent Liabilities
|
0
|
0
|
|