|
Report Date : |
16.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SEN UP HUAT SEAFOOD TRADING SDN. BHD. |
|
|
|
|
Registered Office : |
9999, Jalan Tepi Sungai, 36400 Hutan Melintang, Perak |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
28.11.1980 |
|
|
|
|
Com. Reg. No.: |
64947-X |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Processing & marketing of frozen & non frozen seafood |
|
|
|
|
No. of Employees : |
200 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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.
NAJIB's Economic Transformation Program (ETP) is a series of projects and
policy measures intended to accelerate the country's economic growth. The
government has also taken steps to liberalize some services sub-sectors. 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
about 35% of government revenue in 2011. Bank Negera Malaysia (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 |
|
*
Adopted abbreviations : |
SC - Subject Company (the company enquired
by you) |
|
|
|
|
|
N/A - Not Applicable |
|
|
REGISTRATION NO. |
: |
64947-X |
||||
|
COMPANY NAME |
: |
SEN UP HUAT
SEAFOOD TRADING SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
28/11/1980 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
|
|
|
||||
|
|
|
|
||||
|
REGISTERED ADDRESS |
: |
9999, JALAN TEPI SUNGAI, 36400 HUTAN
MELINTANG, PERAK, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LOT 9999, JALAN TEPI SUNGAI, 36400 HUTAN
MELINTANG, PERAK, MALAYSIA. |
||||
|
TEL.NO. |
: |
05-6411344 |
||||
|
FAX.NO. |
: |
05-6412343 |
||||
|
CONTACT PERSON |
: |
LIM AH BOO ( MANAGING DIRECTOR ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
10201 |
||||
|
PRINCIPAL ACTIVITY |
: |
PROCESSING & MARKETING OF FROZEN &
NON FROZEN SEAFOOD |
||||
|
AUTHORISED CAPITAL |
: |
MYR 10,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 10,000,000.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
MYR 55,061,065 [2011] |
||||
|
NET WORTH |
: |
MYR 23,428,676 [2011] |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
200 [2013] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
GOOD |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
GOOD |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE 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) processing & marketing of frozen & non frozen seafood.
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. LIM AH BOO + |
LOT 8472, JALAN TEPI SUNGAI, 36400 HUTAN MELINTANG, PERAK, MALAYSIA. |
470905-08-5165 7844307B |
3,700,000.00 |
37.00 |
|
MR. LEE KOK SEE + |
LOT 8472, JALAN TEPI SUNGAI, 36400 HUTAN MELINTANG, PERAK, MALAYSIA. |
550301-10-6105 8165825B |
3,200,000.00 |
32.00 |
|
MR. SOO EE SENG + |
53, DESA MELINTANG BARU, 36400 HUTAN MELINTANG, PERAK, MALAYSIA. |
650401-08-6699 A0093351B |
1,200,000.00 |
12.00 |
|
TAN SOI KONG |
4, JALAN TEPI SUNGAI , 36400 HUTAN MELINTANG, PERAK, MALAYSIA. |
460110-08-6149 7716275B |
600,000.00 |
6.00 |
|
MS. LIM SIEW LAN + |
40 LORONG SELASIH 5, TAMAN SELASIH, 36400 HUTAN MELINTANG, PERAK, MALAYSIA. |
720612-08-5128 |
500,000.00 |
5.00 |
|
MR. CHEW PHEK BEE |
127, JALAN TEPI SUNGAI, 36400 HUTAN MELINTANG, PERAK, MALAYSIA. |
540206-08-5837 4578785B |
400,000.00 |
4.00 |
|
MR. CHEW HOCK PEK |
40, LORONG SELASIH 5, TAMAN SELASIH, 36400 HUTAN MELINTANG, PERAK, MALAYSIA. |
600430-08-5497 5849196B |
400,000.00 |
4.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
10,000,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
The SC interest in
other companies (Subsidiaries/Associates) are shown as follow :
Local No |
Country |
Company |
(%) |
As At |
|
769534 |
MALAYSIA |
S U H CONSTRUCTION SDN. BHD. |
100.00 |
29/03/2013 |
|
|
|
|
|
|
|
68900 |
MALAYSIA |
STRAITLAND KILANG AIR BATU SDN. BHD. |
91.00 |
29/03/2013 |
|
|
|
|
|
|
|
627891 |
MALAYSIA |
SAN HIAP PLASTIC TRADING &
MANUFACTURING SDN. BHD. |
80.00 |
29/03/2013 |
|
|
|
|
|
|
DIRECTOR 1
|
Name Of Subject |
: |
MS. LIM SIEW LAN |
|
Address |
: |
40 LORONG SELASIH 5, TAMAN SELASIH, 36400
HUTAN MELINTANG, PERAK, MALAYSIA. |
|
|
|
|
|
New IC No |
: |
720612-08-5128 |
|
Date of Birth |
: |
12/06/1972 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/07/2007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
MR. SOO EE SENG |
|
Address |
: |
53, DESA MELINTANG BARU, 36400 HUTAN
MELINTANG, PERAK, MALAYSIA. |
|
IC / PP No |
: |
A0093351B |
|
New IC No |
: |
650401-08-6699 |
|
Date of Birth |
: |
01/04/1965 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
05/05/2000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
MR. LEE KOK SEE |
|
Address |
: |
LOT 8472, JALAN TEPI SUNGAI, 36400 HUTAN
MELINTANG, PERAK, MALAYSIA. |
|
IC / PP No |
: |
8165825B |
|
New IC No |
: |
550301-10-6105 |
|
Date of Birth |
: |
01/03/1955 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
28/11/1980 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of Subject |
: |
MR. LIM AH BOO |
|
Address |
: |
LOT 8472, JALAN TEPI SUNGAI, 36400 HUTAN
MELINTANG, PERAK, MALAYSIA. |
|
IC / PP No |
: |
7844307B |
|
New IC No |
: |
470905-08-5165 |
|
Date of Birth |
: |
05/09/1947 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
28/11/1980 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) |
Name of Subject |
: |
LIM AH BOO |
|
|
Position |
: |
MANAGING DIRECTOR |
|
Auditor |
: |
ALAN YOON ASSOCIATES |
|
Auditor' Address |
: |
15A, TAMAN IPOH 7, TAMAN IPOH SELATAN ,
31400 IPOH, PERAK, MALAYSIA. |
|
|
|
|
|
1) |
Company Secretary |
: |
MS. LING YIONG @ LING SWEE LING |
|
|
IC / PP No |
: |
2880886 |
|
|
New IC No |
: |
430209-08-5712 |
|
|
Address |
: |
1, LORONG HARVEY DUA, TAMAN SITIAWAN,
32000 SITIAWAN, PERAK, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2) |
Company Secretary |
: |
MR. YAP KUEN WAI |
|
|
IC / PP No |
: |
A1389666 |
|
|
New IC No |
: |
690905-10-6039 |
|
|
Address |
: |
6, JALAN KIARA SD 11/3F, BANDAR SRI
DAMANSARA, 52200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
CIMB BANK BHD |
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
1 |
13/01/1982 |
N/A |
THE CHARTERED BANK |
MYR 100,000.00 |
Satisfied |
|
2 |
28/09/1992 |
DEBENTURE |
BANK OF COMMERCE M BERHAD |
MYR 750,000.00 |
Unsatisfied |
|
3 |
24/01/1994 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 380,000.00 |
Unsatisfied |
|
4 |
07/03/1996 |
N/A |
BANK OF COMMERCE M BHD |
MYR 470,000.00 |
Unsatisfied |
|
5 |
22/07/1997 |
DEBENTURE |
BANK OF COMMERCE M BERHAD |
MYR 1,100,000.00 |
Unsatisfied |
|
6 |
22/07/1997 |
CHARGE |
BANK OF COMMERCE M BERHAD |
MYR 2,700,000.00 |
Unsatisfied |
|
7 |
10/05/2004 |
N/A |
BUMIPUTRACOMMERCE BANK BERHAD |
MYR 1,300,000.00 |
Unsatisfied |
|
8 |
10/05/2004 |
MEMO OF FIXED
DEPOSIT |
BUMIPUTRACOMMERCE BANK BERHAD |
MYR 1,300,000.00 |
Unsatisfied |
|
9 |
31/05/2005 |
N/A |
BUMIPUTRACOMMERCE BANK BERHAD |
MYR 2,500,000.00 |
Unsatisfied |
|
10 |
31/05/2005 |
N/A |
BUMIPUTRACOMMERCE BANK BERHAD |
MYR 2,500,000.00 |
Unsatisfied |
|
11 |
05/09/2006 |
MEMO OF FIXED
DEPOSIT |
BUMIPUTRA-COMMERCE BANK BHD |
MYR 20,000.00 |
Unsatisfied |
|
12 |
08/02/2007 |
LEGAL CHARGE |
CIMB BANK BERHAD |
N/A |
Unsatisfied |
|
13 |
08/02/2007 |
LEGAL CHARGE |
CIMB BANK BERHAD |
N/A |
Unsatisfied |
|
14 |
06/03/2007 |
LEGAL CHARGE |
CIMB BANK BERHAD |
N/A |
Unsatisfied |
|
15 |
10/01/2011 |
N/A |
HSBC BANK MALAYSIA BHD |
N/A |
Unsatisfied |
* A check has been conducted in our databank against 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 |
: |
TELEGRAPHIC TRANSFER (TT) |
|||
|
Type of Customer |
: |
DEALERS,HYPERMARKETS |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Products manufactured |
: |
|
|||||
|
|
|
|
|||||
|
Competitor(s) |
: |
GOLDEN FRESH SDN BHD
|
|||||
|
|
|
|
|||||
|
Member(s) / Affiliate(s) |
: |
MALAYSIA FOOD & BEVERAGE 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 |
200 |
200 |
200 |
200 |
100 |
|
|
|
|
|
Branch |
: |
NO
|
Other
Information:
The SC is
principally engaged in the (as a / as an) processing & marketing of frozen
& non frozen seafood.
The SC's processed products are including cuttlefish, octopus, squid, fish,
prawn and others.
We were informed that the SC implements a Hazard Analysis & Critical
Control Point (HACCP) system.
Besides that the SC has a coldroom facilities at its premises to keep the
freshness of its products.
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 |
: |
05-6411344 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
LOT 9999,JALAN TEPI SUNGAI, 36400 HUTAN
MELINGTANG, PERAK DARUL RIDZUAN,MALAYSIA |
|
Current Address |
: |
LOT 9999, JALAN TEPI SUNGAI, 36400 HUTAN
MELINTANG, PERAK, MALAYSIA. |
|
Match |
: |
YES |
|
|
|
|
|
Latest Financial Accounts |
: |
YES |
Other
Investigations
we contacted one of the staff from the SC and she provided some
information on the SC.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Increased |
[ |
2007 - 2011 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2007 - 2011 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
4.10% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
8.61% |
] |
|
|
|
|
|
|
|
|
|
|
The SC's turnover increased steadily as
the demand for its products / services increased due to the goodwill built up
over the years.The SC's management have been efficient in controlling its
operating costs. The unfavourable return on shareholders' funds could
indicate that the SC was inefficient in utilising its assets to generate
returns. |
||||||
|
|
|
|
|
|
|
|
|
Working Capital
Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Favourable |
[ |
23 Days |
] |
|
|
Debtor Ratio |
: |
Acceptable |
[ |
63 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
22 Days |
] |
|
|
|
|
|
|
|
|
|
|
The SC's stocks were moving fast thus
reducing its holding cost. This had reduced funds being tied up in stocks.
The SC's management was quite efficient in handling its debtors. The SC's
debtors days were at an acceptable range, thus the risk of its debts turning
bad was minimised. The SC had a favourable creditors' ratio where the SC
could be taking advantage of the cash discounts and also wanting to maintain
goodwill with its creditors. |
||||||
|
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
|
Liquid Ratio |
: |
Favourable |
[ |
2.11 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
2.57 Times |
] |
|
|
|
|
|
|
|
|
|
|
A minimum liquid ratio of 1 should be
maintained by the SC in order to assure its creditors of its ability to meet
short term obligations and the SC was in a good liquidity position. Thus, we
believe the SC is able to meet all its short term obligations as and when
they fall due. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Favourable |
[ |
10.78 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.16 Times |
] |
|
|
|
|
|
|
|
|
|
|
The interest cover showed that the SC was
able to service the interest. The favourable interest cover could indicate
that the SC was making enough profit to pay for the interest accrued. The SC
was lowly geared thus it had a low financial risk. The SC was mainly financed
by its shareholders' funds and internally generated funds. In times of
economic slowdown / downturn, the SC being a lowly geared company, will be
able to compete better than those companies which are highly geared in the
same industry. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall
Assessment : |
|
|
|
|
|
|
|
Generally, the SC's performance has improved
with higher turnover and profit. 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. With the favourable interest cover, the SC could be able to
service all the accrued interest without facing any difficulties. The SC as a
lowly geared company, will be more secured compared to those highly geared
companies. It has the ability to meet all its long term obligations. |
||||||
|
|
|
|
|
|
|
|
|
Overall
financial condition of the SC : FAIR |
||||||
|
Major Economic
Indicators: |
2009 |
2010 |
2011 |
2012* |
2013** |
|
|
|
|
|
|
|
|
Population ( Million) |
28.13 |
28.35 |
28.70 |
29.30 |
29.80 |
|
Gross Domestic
Products ( % ) |
<0.5> |
7.2 |
5.1 |
5.6 |
5.3 |
|
Domestic Demand ( % ) |
2.9 |
6.3 |
8.2 |
9.4 |
5.6 |
|
Private
Expenditure ( % ) |
<2.7> |
8.1 |
8.2 |
8.0 |
7.4 |
|
Consumption ( % ) |
0.7 |
6.7 |
7.1 |
1.0 |
5.7 |
|
Investment ( % ) |
<17.2> |
17.7 |
12.2 |
11.7 |
13.3 |
|
Public
Expenditure ( % ) |
5.2 |
3.8 |
8.4 |
13.3 |
1.2 |
|
Consumption ( % ) |
3.1 |
0.2 |
16.1 |
11.3 |
<1.2> |
|
Investment ( % ) |
8.0 |
2.8 |
<0.3> |
15.9 |
4.2 |
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million ) |
89,650 |
118,356 |
116,058 |
106,300 |
110,700 |
|
Government Finance ( MYR Million ) |
<28,450> |
<40,482> |
<45,511> |
<42,297> |
<39,993> |
|
Government
Finance to GDP / Fiscal Deficit ( % ) |
<4.8> |
<5.6> |
<5.4> |
<4.5> |
<4.0> |
|
Inflation ( % Change in Composite CPI) |
<5.2> |
5.1 |
3.1 |
1.6 |
2.5 |
|
Unemployment Rate |
4.5 |
3.9 |
3.3 |
3.2 |
3.0 |
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion ) |
331 |
329 |
415 |
427 |
- |
|
Average Risk-Weighted Capital Adequacy
Ratio ( % ) |
2.87 |
2.20 |
3.50 |
2.20 |
- |
|
Average 3 Months
of Non-performing Loans ( % ) |
11.08 |
15.30 |
14.80 |
14.70 |
- |
|
Average Base Lending Rate ( % ) |
5.53 |
6.30 |
6.60 |
6.53 |
- |
|
Business Loans Disbursed( % ) |
10.5 |
14.7 |
15.3 |
32.2 |
- |
|
Foreign Investment ( MYR Million ) |
22,156.8 |
22,517.9 |
23,546.1 |
26,230.4 |
- |
|
Consumer Loans ( % ) |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Registration of
New Companies ( No. ) |
41,578 |
44,148 |
45,455 |
45,441 |
- |
|
Registration of New Companies ( % ) |
<0.1> |
6.2 |
3.0 |
<0.0> |
- |
|
Liquidation of
Companies ( No. ) |
39,075 |
25,585 |
132,476 |
- |
- |
|
Liquidation of Companies ( % ) |
39.6 |
<34.5> |
417.8 |
- |
- |
|
|
|
|
|
|
|
|
Registration of
New Business ( No. ) |
312,581 |
271,414 |
284,598 |
324,761 |
- |
|
Registration of New Business ( % ) |
- |
- |
- |
- |
- |
|
Business
Dissolved ( No. ) |
19,345 |
19,738 |
20,121 |
- |
- |
|
Business Dissolved ( % ) |
2.4 |
2.0 |
1.9 |
- |
- |
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit ) |
486.3 |
543.6 |
535.1 |
552.2 |
- |
|
Cellular Phone Subscribers ( Million ) |
30.1 |
32.8 |
35.3 |
38.5 |
- |
|
Tourist Arrival ( Million Persons ) |
23.6 |
24.6 |
24.7 |
25.0 |
- |
|
Hotel Occupancy Rate ( % ) |
58.0 |
63.0 |
60.6 |
62.4 |
- |
|
|
|
|
|
|
|
|
Credit Cards Spending ( % ) |
12.8 |
14.1 |
15.6 |
12.6 |
- |
|
Bad Cheque Offenders (No.) |
36,667 |
33,568 |
32,627 |
26,982 |
- |
|
Individual Bankruptcy ( No.) |
16,228 |
18,119 |
19,167 |
19,575 |
- |
|
Individual Bankruptcy ( % ) |
16.7 |
11.7 |
5.8 |
2.1 |
- |
|
|
|
|
|
|
|
|
INDUSTRIES ( %
of Growth ): |
2009 |
2010 |
2011 |
2012* |
2013** |
|
|
|
|
|
|
|
|
Agriculture |
0.4 |
2.1 |
5.9 |
0.6 |
2.4 |
|
Palm Oil |
<1.1> |
<3.4> |
10.8 |
<2.8> |
- |
|
Rubber |
<19.8> |
9.9 |
6.1 |
<0.6> |
- |
|
Forestry & Logging |
<5.9> |
<3.3> |
<7.6> |
<2.2> |
- |
|
Fishing |
5.5 |
5.6 |
2.1 |
<0.7> |
- |
|
Other Agriculture |
9.0 |
7.9 |
7.1 |
6.4 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
413.7 |
508.4 |
634.1 |
- |
- |
|
% of Industry
Non-Performing Loans |
1.3 |
2.1 |
3.2 |
- |
- |
|
|
|
|
|
|
|
|
Mining |
<3.8> |
0.2 |
<5.7> |
1.5 |
2.7 |
|
Oil & Gas |
2.1 |
0.5 |
<1.7> |
- |
- |
|
Other Mining |
- |
- |
- |
- |
- |
|
Industry
Non-performing Loans ( MYR Million ) |
44.2 |
49.7 |
46.5 |
- |
- |
|
% of Industry
Non-performing Loans |
0.1 |
0.1 |
0.1 |
- |
- |
|
|
|
|
|
|
|
|
Manufacturing # |
<9.4> |
11.4 |
4.7 |
4.2 |
4.9 |
|
Exported-oriented
Industries |
<19.0> |
12.1 |
2.8 |
4.1 |
- |
|
Electrical & Electronics |
<30.3> |
28.4 |
<4.9> |
1.6 |
- |
|
Rubber Products |
<10.1> |
25.3 |
15.4 |
3.6 |
- |
|
Wood Products |
<24.1> |
20.1 |
<4.9> |
4.6 |
- |
|
Textiles & Apparel |
<19.5> |
<0.4> |
14.8 |
<7.1> |
- |
|
Domestic-oriented
Industries |
<9.8> |
16.3 |
6.5 |
8.6 |
- |
|
Food, Beverages & Tobacco |
0.2 |
3.0 |
4.2 |
- |
- |
|
Chemical & Chemical Products |
<7.7> |
16.2 |
5.5 |
9.9 |
- |
|
Plastic Products |
<9.1> |
2.4 |
3.8 |
- |
- |
|
Iron & Steel |
<32.7> |
29.3 |
2.4 |
- |
- |
|
Fabricated Metal Products |
<2.5> |
14.9 |
25.2 |
- |
- |
|
Non-metallic Mineral |
<15.5> |
20.2 |
27.1 |
6.6 |
- |
|
Transport Equipment |
<13.5> |
36.5 |
<10.4> |
13.7 |
- |
|
Paper & Paper Products |
<5.0> |
18.7 |
14.8 |
<7.8> |
- |
|
Crude Oil Refineries |
0.2 |
<11.4> |
9.3 |
- |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
6,007.3 |
6,217.5 |
6,537.2 |
- |
- |
|
% of Industry
Non-Performing Loans |
18.3 |
23.8 |
25.7 |
- |
- |
|
|
|
|
|
|
|
|
Construction |
5.8 |
5.1 |
4.4 |
15.5 |
11.2 |
|
Industry Non-Performing Loans ( MYR Million
) |
3,241.8 |
4,038.5 |
3,856.9 |
- |
- |
|
% of Industry
Non-Performing Loans |
9.9 |
10.7 |
10.2 |
- |
- |
|
|
|
|
|
|
|
|
Services |
2.6 |
6.5 |
6.4 |
5.5 |
5.6 |
|
Electric, Gas & Water |
0.4 |
8.5 |
5.6 |
4.8 |
- |
|
Transport, Storage & Communication |
1.6 |
7.7 |
6.5 |
7.3 |
- |
|
Wholesale, Retail, Hotel & Restaurant |
2.8 |
4.7 |
5.2 |
6.9 |
- |
|
Finance, Insurance & Real Estate |
3.8 |
6.1 |
6.3 |
6.5 |
- |
|
Government Services |
2.0 |
6.7 |
7.6 |
5.6 |
- |
|
Other Services |
4.4 |
4.2 |
5.4 |
5.7 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
6,631.3 |
7,384.6 |
6,825.2 |
- |
- |
|
% of Industry
Non-Performing Loans |
20.2 |
25.7 |
23.4 |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Estimate / Preliminary |
|
|
|
|
|
|
** Forecast |
|
|
|
|
|
|
# Based On Manufacturing Production Index |
|||||
|
MSIC CODE |
|
|
10201 : Canning of fish, crustaceans and
mollusks |
|
|
|
|
|
INDUSTRY : |
MANUFACTURING |
|
|
|
|
|
|
|
The Manufacturing sector is one of the
important sectors to the growth of the Malaysian economy. According to
Ministry of Finance, the manufacturing sector is expected to grow 4.9% in
year 2013. Export oriented-industries are expected to benefit from the higher
growth of global trade, while domesticoriented industries expand in line with
the better consumer sentiment and business confidence. The resource-based
industries are envisaged to grow steadily attributed to improved demand for
petroleum, chemical, rubber and plastic products. With better job prospects
and higher disposable income, the transportation equipment subsector, in
particular, the passenger car segment is expected to expand. |
|
|
|
|
|
Value-added of the manufacturing sector
expanded 5% during the first half of 2012. Output of the sector rose 5.2%
during the first sevenmonths of 2012 in line with the increase in sales value
of manufactured products by 6.5% to RM363.1 billion. Output from domesticoriented
industries continued to expand 8.6% while export-oriented industries grew
4.1%. |
|
|
|
|
|
According to the Department of Statistics,
the sales value of the Manufacturing sector in January 2013 posted a growth
of 7.4% (RM3.6 billion) to record RM52.4 billion as compared to RM48.8
billion reported in year 2012. Meanwhile, month-on-month basis, the sales
value has decreased by 0.4% (RM0.2 billion) as compared with the preceding
month. The sales value in December 2012 has been revised positive 7.5% year-on-year
to record RM52.6 billion. |
|
|
|
|
|
Output of rubber products increased 3.6%
in the first seven month of 2012 mainly supported by continuous demand for
rubber gloves. Output of rubber gloves grew 5.9% on account of the expansion
in the global healthcare industry and wider usage of gloves in other sectors.
Similarly, output of catheters, especially for use in medical appliances,
also registered a strong growth of 12.6%. Nevertheless, production of rubber
tyres and tubes reduced 10.9% in tandem with slowing external demand from the
automotive industry, especially China. |
|
|
|
|
|
Meanwhile, production of wood and wood
products rebounded 4.6% largely supported by higher demand for wooden and
cane furniture (33.5%). The positive performance was attributed to vibrant
higher demand from major export destinations such as China and the United
States (US) for Malaysian-made furniture. Demand from China accelerated
further following the country's rising income level and the implementation of
zero import duty on Malaysian made-furniture. Malaysia government has growth
target of 6.5% for wood based furniture where estimated to reach up to RM53
billion by year 2020.The government providing pioneer status for tax
exemption and investment tax allowance for this industry as a boost up step
towards produce good quality product and to meet the world demand. |
|
|
|
|
|
The output of chemicals and chemical
products rose 9.9% in the first seven month of year 2012 on account of
increasing demand for plastic products (11.8%) and basic chemicals (11.1%).
External demand for plastic packaging materials surged during the early part
of the year 2012, particularly from Japan and Thailand, as manufacturers
resumed operations, which were interrupted by natural calamities and power
outages. Chemical production are expected to show 7.5 % in year 2013 inline
with Malaysia as one of the largest contributor in world Chemicals &
Chemical industries. |
|
|
|
|
|
Tax and non-tax incentives provided by
goverment encourage manufacturers to move up the value chain of manufacturing
industry. The new growth initiatives by goverment in the manufacturing sector
such assolar and medial services can be important drivers of growth apart
from helping to diversify the manufacturing base and contributing to the
resilience of the sector. |
|
|
|
|
|
OVERALL INDUSTRY
OUTLOOK : Average Growth |
|
|
Incorporated in
1980, the SC is a Private Limited company, focusing on processing &
marketing of frozen & non frozen seafood. The SC has been in business for
over two decades. It has built up a strong clientele base and good reputation
will enable the SC to further enhance its business in the near term. The SC
is expected to enjoy a stable market shares. The SC is a large entity with
strong capital position. We are confident with the SC's business and its
future growth prospect. |
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
SEN UP HUAT
SEAFOOD TRADING 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 |
FULL |
FULL |
FULL |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
|
|
|
|
|
|
|
TURNOVER |
55,061,065 |
51,834,803 |
50,043,495 |
51,171,640 |
58,925,533 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
55,061,065 |
51,834,803 |
50,043,495 |
51,171,640 |
58,925,533 |
|
Costs of Goods Sold |
<49,456,863> |
<46,397,769> |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Gross Profit |
5,604,202 |
5,437,034 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
2,001,057 |
1,781,486 |
1,530,104 |
1,101,168 |
2,189,951 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
2,001,057 |
1,781,486 |
1,530,104 |
1,101,168 |
2,189,951 |
|
Taxation |
<1,038,079> |
<388,679> |
<409,504> |
<184,088> |
<96,123> |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
962,978 |
1,392,807 |
1,120,600 |
917,080 |
2,093,828 |
|
Minority interests |
<1,371> |
<39,790> |
<27,227> |
<33,186> |
<20,337> |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
961,607 |
1,353,017 |
1,093,373 |
883,894 |
2,073,491 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
961,607 |
1,353,017 |
1,093,373 |
883,894 |
2,073,491 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
12,236,030 |
11,083,013 |
9,989,640 |
9,105,684 |
7,432,193 |
|
Prior year adjustment |
- |
- |
- |
62 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
12,236,030 |
11,083,013 |
9,989,640 |
9,105,746 |
7,432,193 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
13,197,637 |
12,436,030 |
11,083,013 |
9,989,640 |
9,505,684 |
|
DIVIDENDS - Ordinary (paid & proposed) |
<300,000> |
<200,000> |
- |
- |
<400,000> |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
12,897,637 |
12,236,030 |
11,083,013 |
9,989,640 |
9,105,684 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
|
|
|
|
Bank overdraft |
12,606 |
13,554 |
4,530 |
- |
- |
|
Bankers' acceptance |
74,230 |
95,996 |
- |
- |
- |
|
Hire purchase |
73,957 |
84,250 |
85,468 |
- |
- |
|
Others |
43,861 |
- |
62,056 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
204,654 |
193,800 |
152,054 |
- |
- |
|
|
============= |
============= |
============= |
|
|
|
SEN UP HUAT
SEAFOOD TRADING SDN. BHD. |
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
11,272,149 |
10,965,745 |
10,531,944 |
11,576,181 |
10,155,147 |
|
|
|
|
|
|
|
|
LONG TERM
INVESTMENTS/OTHER ASSETS |
|
|
|
|
|
|
Investments |
1,342,403 |
- |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
1,342,403 |
- |
- |
668,932 |
676,364 |
|
|
|
|
|
|
|
|
INTANGIBLE
ASSETS |
|
|
|
|
|
|
Deferred/Expenditure carried forward |
- |
- |
142,541 |
- |
- |
|
Goodwill on consolidation |
1,170,700 |
1,170,700 |
1,170,700 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL INTANGIBLE ASSETS |
1,170,700 |
1,170,700 |
1,313,241 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
13,785,252 |
12,136,445 |
11,845,185 |
12,245,113 |
10,831,511 |
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
Stocks |
3,511,864 |
3,575,419 |
2,826,785 |
- |
- |
|
Trade debtors |
9,543,794 |
10,969,055 |
8,849,575 |
- |
- |
|
Other debtors, deposits & prepayments |
3,673,054 |
2,850,924 |
427,812 |
- |
- |
|
Short term deposits |
726,066 |
665,571 |
631,525 |
- |
- |
|
Amount due from director |
93,169 |
235,243 |
315,742 |
- |
- |
|
Cash & bank balances |
1,822,462 |
1,092,814 |
2,004,478 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
19,370,409 |
19,389,026 |
15,055,917 |
13,711,249 |
15,741,188 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
33,155,661 |
31,525,471 |
26,901,102 |
25,956,362 |
26,572,699 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Trade creditors |
2,939,486 |
1,590,475 |
927,809 |
- |
- |
|
Other creditors & accruals |
1,464,729 |
1,608,416 |
1,463,705 |
- |
- |
|
Hire purchase & lease creditors |
367,816 |
346,428 |
359,170 |
- |
- |
|
Bank overdraft |
785,561 |
2,278,352 |
516,988 |
- |
- |
|
Bill & acceptances payable |
1,699,000 |
1,848,000 |
548,000 |
- |
- |
|
Amounts owing to director |
97,276 |
- |
- |
- |
- |
|
Provision for taxation |
135,414 |
25,896 |
141,781 |
- |
- |
|
Other liabilities |
43,447 |
- |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
7,532,729 |
7,697,567 |
3,957,453 |
4,449,923 |
5,952,509 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
11,837,680 |
11,691,459 |
11,098,464 |
9,261,326 |
9,788,679 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
25,622,932 |
23,827,904 |
22,943,649 |
21,506,439 |
20,620,190 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
|
|
|
|
|
|
|
RESERVES |
|
|
|
|
|
|
Retained profit/(loss) carried forward |
12,897,637 |
12,236,030 |
11,083,013 |
9,989,640 |
9,105,684 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
12,897,637 |
12,236,030 |
11,083,013 |
9,989,640 |
9,105,684 |
|
|
|
|
|
|
|
|
MINORITY INTEREST |
531,039 |
529,668 |
489,878 |
462,651 |
433,030 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
23,428,676 |
22,765,698 |
21,572,891 |
20,452,291 |
19,538,714 |
|
|
|
|
|
|
|
|
LONG TERM
LIABILITIES |
|
|
|
|
|
|
Hire purchase creditors |
785,293 |
802,806 |
1,082,358 |
- |
- |
|
Deferred taxation |
428,500 |
259,400 |
288,400 |
- |
- |
|
Others |
980,463 |
- |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
2,194,256 |
1,062,206 |
1,370,758 |
1,054,148 |
1,081,476 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
25,622,932 |
23,827,904 |
22,943,649 |
21,506,439 |
20,620,190 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SEN UP HUAT
SEAFOOD TRADING SDN. BHD. |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Cash |
2,548,528 |
1,758,385 |
2,636,003 |
- |
- |
|
Net Liquid Funds |
63,967 |
<2,367,967> |
1,571,015 |
- |
- |
|
Net Liquid Assets |
8,325,816 |
8,116,040 |
8,271,679 |
9,261,326 |
9,788,679 |
|
Net Current Assets/(Liabilities) |
11,837,680 |
11,691,459 |
11,098,464 |
9,261,326 |
9,788,679 |
|
Net Tangible Assets |
24,452,232 |
22,657,204 |
21,630,408 |
21,506,439 |
20,620,190 |
|
Net Monetary Assets |
6,131,560 |
7,053,834 |
6,900,921 |
8,207,178 |
8,707,203 |
|
BALANCE SHEET
ITEMS |
|
|
|
|
|
|
Total Borrowings |
3,637,670 |
5,275,586 |
2,506,516 |
- |
- |
|
Total Liabilities |
9,726,985 |
8,759,773 |
5,328,211 |
5,504,071 |
7,033,985 |
|
Total Assets |
33,155,661 |
31,525,471 |
26,901,102 |
25,956,362 |
26,572,699 |
|
Net Assets |
25,622,932 |
23,827,904 |
22,943,649 |
21,506,439 |
20,620,190 |
|
Net Assets Backing |
23,428,676 |
22,765,698 |
21,572,891 |
20,452,291 |
19,538,714 |
|
Shareholders' Funds |
23,428,676 |
22,765,698 |
21,572,891 |
20,452,291 |
19,538,714 |
|
Total Share Capital |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
Total Reserves |
12,897,637 |
12,236,030 |
11,083,013 |
9,989,640 |
9,105,684 |
|
LIQUIDITY
(Times) |
|
|
|
|
|
|
Cash Ratio |
0.34 |
0.23 |
0.67 |
- |
- |
|
Liquid Ratio |
2.11 |
2.05 |
3.09 |
- |
- |
|
Current Ratio |
2.57 |
2.52 |
3.80 |
3.08 |
2.64 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
|
|
|
|
Stock Ratio |
23 |
25 |
21 |
- |
- |
|
Debtors Ratio |
63 |
77 |
65 |
- |
- |
|
Creditors Ratio |
22 |
13 |
7 |
- |
- |
|
SOLVENCY RATIOS
(Times) |
|
|
|
|
|
|
Gearing Ratio |
0.16 |
0.23 |
0.12 |
- |
- |
|
Liabilities Ratio |
0.42 |
0.38 |
0.25 |
0.27 |
0.36 |
|
Times Interest Earned Ratio |
10.78 |
10.19 |
11.06 |
- |
- |
|
Assets Backing Ratio |
2.45 |
2.27 |
2.16 |
2.15 |
2.06 |
|
PERFORMANCE
RATIO (%) |
|
|
|
|
|
|
Operating Profit Margin |
3.63 |
3.44 |
3.06 |
2.15 |
3.72 |
|
Net Profit Margin |
1.75 |
2.61 |
2.18 |
1.73 |
3.52 |
|
Return On Net Assets |
8.61 |
8.29 |
7.33 |
5.12 |
10.62 |
|
Return On Capital Employed |
7.75 |
7.02 |
6.57 |
5.01 |
10.40 |
|
Return On Shareholders' Funds/Equity |
4.10 |
5.94 |
5.07 |
4.32 |
10.61 |
|
Dividend Pay Out Ratio (Times) |
0.31 |
0.15 |
0.00 |
- |
0.19 |
|
NOTES TO
ACCOUNTS |
|
|
|
|
|
|
Contingent Liabilities |
0 |
0 |
0 |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.05 |
|
UK Pound |
1 |
Rs.90.71 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.