|
* Adopted abbreviations :
|
SC - Subject Company (the company
enquired by you)
|
|
|
|
N/A - Not Applicable
|
|
|
|
EXECUTIVE
SUMMARY
|
REGISTRATION NO.
|
:
|
907338-U
|
|
COMPANY NAME
|
:
|
NMC FISHERY SDN. BHD.
|
|
FORMER NAME
|
:
|
N/A
|
|
INCORPORATION DATE
|
:
|
08/07/2010
|
|
|
|
|
|
|
|
|
|
COMPANY STATUS
|
:
|
EXIST
|
|
LEGAL FORM
|
:
|
PRIVATE LIMITED
|
|
LISTED STATUS
|
:
|
NO
|
|
|
|
|
|
|
|
|
|
REGISTERED ADDRESS
|
:
|
NO. 1-1, LORONG USAHANIAGA 3, TAMAN
USAHANIAGA, 14000 BUKIT TENGAH, PULAU PINANG, MALAYSIA.
|
|
BUSINESS ADDRESS
|
:
|
NO. 694, MK 11, CHIP JOO ESTATE, BUKIT
TENGAH, 14000 BUKIT TENGAH, PULAU PINANG, MALAYSIA.
|
|
TEL.NO.
|
:
|
N/A
|
|
FAX.NO.
|
:
|
N/A
|
|
CONTACT PERSON
|
:
|
N/A
|
|
|
|
|
|
INDUSTRY CODE
|
:
|
47215
|
|
PRINCIPAL ACTIVITY
|
:
|
TRADING IN FROZEN AND PROCESSED SEAFOOD
AND RELATED PRODUCTS
|
|
AUTHORISED CAPITAL
|
:
|
MYR 500,000.00 DIVIDED INTO
ORDINARY SHARE 500,000.00 OF MYR 1.00 EACH.
|
|
ISSUED AND PAID UP CAPITAL
|
:
|
MYR 500,000.00 DIVIDED INTO
ORDINARY SHARES 500,000 CASH OF MYR 1.00 EACH.
|
|
|
|
|
|
SALES
|
:
|
MYR 9,121,623 [2011]
|
|
NET WORTH
|
:
|
MYR 343,262 [2011]
|
|
|
|
|
|
STAFF STRENGTH
|
:
|
N/A
|
|
LITIGATION
|
:
|
CLEAR
|
|
DEFAULTER CHECK
|
:
|
CLEAR
|
|
FINANCIAL CONDITION
|
:
|
FAIR
|
|
PAYMENT
|
:
|
N/A
|
|
MANAGEMENT CAPABILITY
|
:
|
N/A
|
|
|
|
|
|
COMMERCIAL RISK
|
:
|
N/A
|
|
CURRENCY EXPOSURE
|
:
|
N/A
|
|
GENERAL REPUTATION
|
:
|
N/A
|
|
INDUSTRY OUTLOOK
|
:
|
MARGINAL GROWTH
|
HISTORY
/ BACKGROUND
The SC is a private limited company and is allowed
to have a minimum of one and a maximum of forty-nine shareholders. As a
private limited company, the SC must have at least two directors. A private
limited company is a separate legal entity from its shareholders. As a
separate legal entity, the SC is capable of owning assets, entering into
contracts, sue or be sued by other companies. The liabilities of the
shareholders are to the extent of the equity they have taken up and the
creditors cannot claim on shareholders' personal assets even if the SC is
insolvent. The SC is governed by the Companies Act, 1965 and the company must
file its annual returns, together with its financial statements with the
Registrar of Companies.
The SC is principally engaged in the (as a
/ as an) trading in frozen and processed seafood and related products.
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. NG MENG CHYE +
|
NO. 49, LORONG BELIMBING 2, TAMAN
BELIMBING, 14000 BUKIT TENGAH, PULAU PINANG, MALAYSIA.
|
570824-07-5449
|
250,000.00
|
50.00
|
|
MR. NG WOOI HOCK +
|
NO. 49, LORONG BELIMBING 2, TAMAN
BELIMBING, 14000 BUKIT TENGAH, PULAU PINANG, MALAYSIA.
|
850421-07-5045
|
250,000.00
|
50.00
|
|
|
|
|
---------------
|
------
|
|
|
|
|
500,000.00
|
100.00
|
|
|
|
|
============
|
=====
|
+ Also Director
DIRECTORS
DIRECTOR 1
|
Name Of Subject
|
:
|
MR. NG MENG CHYE
|
|
Address
|
:
|
NO. 49, LORONG BELIMBING 2, TAMAN
BELIMBING, 14000 BUKIT TENGAH, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
570824-07-5449
|
|
Date of Birth
|
:
|
24/08/1957
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject
|
:
|
MR. NG WOOI HOCK
|
|
Address
|
:
|
NO. 49, LORONG BELIMBING 2, TAMAN
BELIMBING, 14000 BUKIT TENGAH, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
New IC No
|
:
|
850421-07-5045
|
|
Date of Birth
|
:
|
21/04/1985
|
|
|
|
|
|
Nationality
|
:
|
MALAYSIAN
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
No data found in our databank.
AUDITOR
|
Auditor
|
:
|
EC CHOR & ASSOCIATES
|
|
Auditor' Address
|
:
|
5-A, SUITE 3, JALAN TEMBIKAI, TAMAN MUTIARA,
14000 BUKIT TENGAH, PULAU PINANG, MALAYSIA.
|
|
|
|
|
|
|
|
|
COMPANY
SECRETARIES
|
1)
|
Company Secretary
|
:
|
MR. LIM CHONG SEONG
|
|
|
|
|
|
|
|
New IC No
|
:
|
361017-07-5097
|
|
|
Address
|
:
|
162, JALAN CEMPAKA, TAMAN JAYA, 14000 BUKIT
TENGAH, PULAU PINANG, 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
No payment record was found in our databank at the time of investigation.
CLIENTELE
No data found in our databank.
OPERATIONS
Other Information:
The SC is principally engaged in the (as a / as an) trading in frozen and
processed seafood and related products.
PROJECTS
No projects found in our databank
CURRENT
INVESTIGATION
Latest fresh investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client
|
:
|
N/A
|
|
Current Telephone Number
|
:
|
N/A
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Address Provided by Client
|
:
|
694 MK 11, CHIP JOO RSTATE BUKIT TENGAH
14000 MERTAIM PERNANG :
|
|
Current Address
|
:
|
NO. 694, MK 11, CHIP JOO ESTATE, BUKIT
TENGAH, 14000 BUKIT TENGAH, PULAU PINANG, MALAYSIA.
|
|
Match
|
:
|
N/A
|
|
|
|
|
|
Latest Financial Accounts
|
:
|
YES
|
Other Investigations
We were unable to contact the SC and its Directors.
We contacted the SC's Company Secretary and she provided the contact number
for the SC at 04-5072046. However it is left uanswered despite contacting on
numerous ocassions.
We were unable to verify the address provided as we could not contact the SC.
FINANCIAL
ANALYSIS
|
Profitability
|
|
|
|
|
|
|
|
Return on Shareholder Funds
|
:
|
Favourable
|
[
|
41.74%
|
]
|
|
|
Return on Net Assets
|
:
|
Acceptable
|
[
|
16.41%
|
]
|
|
|
|
|
|
|
|
|
|
|
Generally the SC was profitable. The favourable
return on shareholders' funds and return on net assets indicate that the
SC's management was efficient in utilising the assets to generate returns.
|
|
|
|
|
|
|
|
|
|
Liquidity
|
|
|
|
|
|
|
|
Current Ratio
|
:
|
Acceptable
|
[
|
1.13 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
|
[
|
9.08 Times
|
]
|
|
|
|
|
|
|
|
|
|
|
The SC has high liabilities ratio and it
may face financial difficulties if no additional capital is injected.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall Assessment :
|
|
|
|
|
|
|
|
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 :
FAIR
|
MALAYSIA
ECONOMIC / INDUSTRY OUTLOOK
|
Major Economic Indicators:
|
2008
|
2009
|
2010
|
2011*
|
2012**
|
|
|
|
|
|
|
|
|
Population ( Million)
|
27.73
|
28.13
|
28.35
|
28.70
|
29.10
|
|
Gross Domestic Products ( % )
|
4.6
|
<0.5>
|
7.2
|
5.5
|
5.3
|
|
Domestic Demand ( % )
|
6.9
|
2.9
|
6.3
|
4.8
|
7.6
|
|
Private Expenditure ( % )
|
7.1
|
<2.7>
|
8.1
|
7.0
|
8.7
|
|
Consumption ( % )
|
8.4
|
0.7
|
6.7
|
6.3
|
7.1
|
|
Investment ( % )
|
1.5
|
<17.2>
|
17.7
|
16.2
|
15.9
|
|
Public Expenditure ( % )
|
6.5
|
5.2
|
3.8
|
7.6
|
4.7
|
|
Consumption ( % )
|
11.6
|
3.1
|
0.2
|
8.9
|
3.0
|
|
Investment ( % )
|
0.7
|
8.0
|
2.8
|
0.6
|
7.0
|
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million )
|
129,563
|
89,650
|
118,356
|
116,058
|
-
|
|
Government Finance ( MYR Million )
|
<34,462>
|
<28,450>
|
<40,482>
|
<45,511>
|
<43,021>
|
|
Government Finance to GDP / Fiscal
Deficit ( % )
|
<4.8>
|
<4.8>
|
<5.6>
|
<5.4>
|
<4.7>
|
|
Inflation ( % Change in Composite CPI)
|
<3.3>
|
<5.2>
|
5.1
|
3.1
|
-
|
|
Unemployment Rate
|
3.7
|
4.5
|
3.9
|
3.3
|
-
|
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion
)
|
388
|
331
|
329
|
415
|
-
|
|
Average Risk-Weighted Capital Adequacy
Ratio ( % )
|
1.91
|
2.87
|
2.20
|
3.50
|
-
|
|
Average 3 Months of Non-performing Loans
( % )
|
13.24
|
11.08
|
15.30
|
14.80
|
-
|
|
Average Base Lending Rate ( % )
|
6.72
|
5.53
|
6.30
|
6.60
|
-
|
|
Business Loans Disbursed( % )
|
11.6
|
10.5
|
14.7
|
15.3
|
-
|
|
Foreign Investment ( MYR Million )
|
23,261.4
|
22,156.8
|
22,517.9
|
23,546.1
|
-
|
|
Consumer Loans ( % )
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Companies ( No. )
|
41,599
|
41,578
|
44,148
|
-
|
-
|
|
Registration of New Companies ( % )
|
<4.0>
|
<0.1>
|
6.2
|
-
|
-
|
|
Liquidation of Companies ( No. )
|
27,992
|
39,075
|
25,585
|
-
|
-
|
|
Liquidation of Companies ( % )
|
23.7
|
39.6
|
<34.5>
|
-
|
-
|
|
|
|
|
|
|
|
|
Registration of New Business ( No. )
|
269,866
|
312,581
|
271,414
|
-
|
-
|
|
Registration of New Business ( % )
|
-
|
-
|
-
|
-
|
-
|
|
Business Dissolved ( No. )
|
18,885
|
19,345
|
19,738
|
-
|
-
|
|
Business Dissolved ( % )
|
<7.6>
|
2.4
|
2.0
|
-
|
-
|
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit )
|
497.5
|
486.3
|
543.6
|
363.0
|
-
|
|
Cellular Phone Subscribers ( Million )
|
25.1
|
30.1
|
32.8
|
35.3
|
-
|
|
Tourist Arrival ( Million Persons )
|
21.5
|
23.6
|
24.6
|
25.3
|
-
|
|
Hotel Occupancy Rate ( % )
|
68.0
|
58.0
|
63.0
|
51.3
|
-
|
|
|
|
|
|
|
|
|
Credit Cards Spending ( % )
|
17.1
|
12.8
|
14.1
|
15.6
|
-
|
|
Bad Cheque Offenders (No.)
|
34,834
|
36,667
|
33,568
|
27,208
|
-
|
|
Individual Bankruptcy ( No.)
|
13,907
|
16,228
|
18,119
|
16,155
|
-
|
|
Individual Bankruptcy ( % )
|
5.1
|
16.7
|
11.7
|
<10.8>
|
-
|
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ):
|
2008
|
2009
|
2010
|
2011*
|
2012**
|
|
|
|
|
|
|
|
|
Agriculture
|
3.6
|
0.4
|
2.1
|
4.7
|
4.1
|
|
Palm Oil
|
7.0
|
<1.1>
|
<3.4>
|
7.3
|
-
|
|
Rubber
|
<1.1>
|
<19.8>
|
9.9
|
6.4
|
-
|
|
Forestry & Logging
|
<1.5>
|
<5.9>
|
<3.3>
|
<4.7>
|
-
|
|
Fishing
|
4.0
|
5.5
|
5.6
|
2.8
|
-
|
|
Other Agriculture
|
5.9
|
9.0
|
7.9
|
8.5
|
-
|
|
Industry Non-Performing Loans ( MYR
Million )
|
393.0
|
413.7
|
508.4
|
634.1
|
-
|
|
% of Industry Non-Performing Loans
|
<2.0>
|
1.3
|
2.1
|
3.2
|
-
|
|
|
|
|
|
|
|
|
Mining
|
<0.8>
|
<3.8>
|
0.2
|
<2.4>
|
2.5
|
|
Oil & Gas
|
12.7
|
2.1
|
0.5
|
<1.7>
|
-
|
|
Other Mining
|
-
|
-
|
-
|
-
|
-
|
|
Industry Non-performing Loans ( MYR
Million )
|
36.0
|
44.2
|
49.7
|
46.5
|
-
|
|
% of Industry Non-performing Loans
|
0.1
|
0.1
|
0.1
|
0.1
|
-
|
|
|
|
|
|
|
|
|
Manufacturing #
|
1.3
|
<9.4>
|
11.4
|
5.6
|
4.5
|
|
Exported-oriented Industries
|
2.7
|
<19.0>
|
12.1
|
2.8
|
-
|
|
Electrical & Electronics
|
2.4
|
<30.3>
|
28.4
|
<4.9>
|
-
|
|
Rubber Products
|
4.2
|
<10.1>
|
25.3
|
15.4
|
-
|
|
Wood Products
|
<6.0>
|
<24.1>
|
20.1
|
<7.3>
|
-
|
|
Textiles & Apparel
|
1.9
|
<19.5>
|
<0.4>
|
14.8
|
-
|
|
Domestic-oriented Industries
|
9.9
|
<9.8>
|
16.3
|
6.3
|
-
|
|
Food, Beverages & Tobacco
|
9.5
|
0.2
|
3.0
|
4.2
|
-
|
|
Chemical & Chemical Products
|
1.4
|
<7.7>
|
16.2
|
5.6
|
-
|
|
Plastic Products
|
6.5
|
<9.1>
|
2.4
|
3.8
|
-
|
|
Iron & Steel
|
16.8
|
<32.7>
|
29.3
|
2.4
|
-
|
|
Fabricated Metal Products
|
14.7
|
<2.5>
|
14.9
|
25.2
|
-
|
|
Non-metallic Mineral
|
8.3
|
<15.5>
|
20.2
|
16.3
|
-
|
|
Transport Equipment
|
27.1
|
<13.5>
|
36.5
|
<9.4>
|
-
|
|
Paper & Paper Products
|
8.6
|
<5.0>
|
18.7
|
15.6
|
-
|
|
Crude Oil Refineries
|
7.8
|
0.2
|
<11.4>
|
9.3
|
-
|
|
Industry Non-Performing Loans ( MYR
Million )
|
5,729.4
|
6,007.3
|
6,217.5
|
6,537.2
|
-
|
|
% of Industry Non-Performing Loans
|
16.8
|
18.3
|
23.8
|
25.7
|
-
|
|
|
|
|
|
|
|
|
Construction
|
2.1
|
5.8
|
5.1
|
4.4
|
7.0
|
|
Industry Non-Performing Loans ( MYR
Million )
|
4,149.8
|
3,241.8
|
4,038.5
|
3,856.9
|
-
|
|
% of Industry Non-Performing Loans
|
12.2
|
9.9
|
10.7
|
10.2
|
-
|
|
|
|
|
|
|
|
|
Services
|
7.3
|
2.6
|
6.5
|
6.4
|
6.5
|
|
Electric, Gas & Water
|
5.0
|
0.4
|
8.5
|
5.6
|
4.8
|
|
Transport, Storage & Communication
|
7.8
|
1.6
|
7.7
|
6.5
|
7.3
|
|
Wholesale, Retail, Hotel & Restaurant
|
10.0
|
2.8
|
4.7
|
5.2
|
6.9
|
|
Finance, Insurance & Real Estate
|
9.2
|
3.8
|
6.1
|
6.3
|
6.5
|
|
Government Services
|
8.6
|
2.0
|
6.7
|
7.6
|
5.6
|
|
Other Services
|
5.9
|
4.4
|
4.2
|
5.4
|
5.7
|
|
Industry Non-Performing Loans ( MYR
Million )
|
8,281.4
|
6,631.3
|
7,384.6
|
6,825.2
|
-
|
|
% of Industry Non-Performing Loans
|
24.3
|
20.2
|
25.7
|
23.4
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Estimate / Preliminary
|
|
|
|
|
|
|
** Forecast
|
|
|
|
|
|
|
# Based On Manufacturing Production Index
(Source : Department of Statistics / Economic Report / Bank Negara Report)
|
|
|
|
|
|
|
|
INDUSTRY
ANALYSIS
|
MSIC CODE
|
|
47215 : Retail sale of fish, other
seafood and products thereof
|
|
|
|
|
INDUSTRY :
|
AGRICULTURE
|
|
|
|
|
|
|
The agricultural sector has contributed to the growth and be major
contributors to national income and export earnings.The agricultural sector
initially derived from the increase in the production of livestock,
fisheries, and other miscellaneous crops. The agricultural industry more
valuable with the increase in earnings from major commodities such as palm
oil, rubber and food commodities.
|
|
Palm oil production expected to growth 13.2% at the year 2015/16 which
20.6million tonnes while Poultry production expected to 9.9% at the year
2015/16 which 1.35million tonnes in 2015/16. The 10th Malaysia Economic
Plan will boost growth in this industry by attracte more investment.
Moreover, sugar consumption expected to reach 7.5% due to contribution of
greater disposable income from an average 5.4% real GDP growth over the
year 2013-2016 where will allow Malaysians to spend more on processed foods
with high sugar content such as soft drinks and sugar confectionery.
|
|
The Agriculture sector expanded with a slower pace of 2.1% at the second
quarter 2012 compared to 6.9% in the first quarter 2012. The slower growth
was attributed by the decline in the production of Rubber and Fishing.
However, Livestock showed favourable growth of 11.0% while Forestry turned
around to 5.4% as compared to negative 6.3% in the first quarter. Oil Palm
registered a growth of 3.5% in second quarter 2012.
|
|
The agriculture is a strong contributer to Malaysia's GDP, employment,
export revenue, export tax and duty, as well as the economic development.
This sector provide income, employment and good investment to the rural
areas where enhance the community. Hence, the Government of Malaysia
allocated RM1.1bil under the longterm projects (2011-2020) budget 2012 for
the development of the agriculture sector and increase productivity and
generate higher returns in this sector.
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Marginal
Growth
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
During our investigation, we were unable to contact the SC as well as its
Directors. In view of this, the SC's existence in the market is in doubt.
Based on the above condition, the SC is not qualified for credit
assessment.
|
PROFIT
AND LOSS ACCOUNT
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN
FINANCIAL REPORTING STANDARDS(FRS)
|
|
NMC FISHERY SDN. BHD.
|
|
Financial Year End
|
30/09/2011
|
|
Months
|
12
|
|
Consolidated Account
|
Company
|
|
Audited Account
|
YES
|
|
Unqualified Auditor's Report (Clean
Opinion)
|
YES
|
|
Financial Type
|
SUMMARY
|
|
Currency
|
MYR
|
|
|
|
|
TURNOVER
|
9,121,623
|
|
|
----------------
|
|
Total Turnover
|
9,121,623
|
|
|
----------------
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS
|
190,987
|
|
|
----------------
|
|
PROFIT/(LOSS) BEFORE TAXATION
|
190,987
|
|
Taxation
|
<47,725>
|
|
|
----------------
|
|
PROFIT/(LOSS) AFTER TAXATION
|
143,262
|
|
|
----------------
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD
|
|
|
|
----------------
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS
|
143,262
|
|
|
----------------
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD
|
143,262
|
|
|
=============
|
|
|
|
BALANCE
SHEET
|
ASSETS EMPLOYED:
|
|
|
FIXED ASSETS
|
873,213
|
|
|
|
|
|
----------------
|
|
TOTAL LONG TERM ASSETS
|
873,213
|
|
|
|
|
CURRENT ASSETS
|
|
|
TOTAL CURRENT ASSETS
|
2,587,007
|
|
|
----------------
|
|
TOTAL ASSET
|
3,460,220
|
|
|
=============
|
|
|
|
|
CURRENT LIABILITIES
|
|
|
TOTAL CURRENT LIABILITIES
|
2,296,548
|
|
|
----------------
|
|
NET CURRENT ASSETS/(LIABILITIES)
|
290,459
|
|
|
----------------
|
|
TOTAL NET ASSETS
|
1,163,672
|
|
|
=============
|
|
|
|
|
SHARE CAPITAL
|
|
|
Ordinary share capital
|
200,000
|
|
|
----------------
|
|
TOTAL SHARE CAPITAL
|
200,000
|
|
|
|
|
RESERVES
|
|
|
Retained profit/(loss) carried forward
|
143,262
|
|
|
----------------
|
|
TOTAL RESERVES
|
143,262
|
|
|
|
|
|
----------------
|
|
SHAREHOLDERS' FUNDS/EQUITY
|
343,262
|
|
|
|
|
LONG TERM LIABILITIES
|
|
|
TOTAL LONG TERM LIABILITIES
|
820,410
|
|
|
----------------
|
|
|
1,163,672
|
|
|
=============
|
|
|
|
FINANCIAL
RATIO
|
TYPES OF FUNDS
|
|
|
Net Liquid Assets
|
290,459
|
|
Net Current Assets/(Liabilities)
|
290,459
|
|
Net Tangible Assets
|
1,163,672
|
|
Net Monetary Assets
|
<529,951>
|
|
|
|
|
BALANCE SHEET ITEMS
|
|
|
Total Liabilities
|
3,116,958
|
|
Total Assets
|
3,460,220
|
|
Net Assets
|
1,163,672
|
|
Net Assets Backing
|
343,262
|
|
Shareholders' Funds
|
343,262
|
|
Total Share Capital
|
200,000
|
|
Total Reserves
|
143,262
|
|
|
|
|
LIQUIDITY (Times)
|
|
|
Current Ratio
|
1.13
|
|
|
|
|
SOLVENCY RATIOS (Times)
|
|
|
Liabilities Ratio
|
9.08
|
|
Assets Backing Ratio
|
1.00
|
|
|
|
|
PERFORMANCE RATIO (%)
|
|
|
Operating Profit Margin
|
2.09
|
|
Net Profit Margin
|
1.57
|
|
Return On Net Assets
|
16.41
|
|
Return On Capital Employed
|
16.41
|
|
Return On Shareholders' Funds/Equity
|
41.74
|
|
|
|
|