|
Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
PRECISION CONTROL SDN. BHD. |
|
|
|
|
Registered Office : |
43, Jalan Kota Raja F27/F, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
08.08.1987 |
|
|
|
|
Com. Reg. No.: |
163255-U |
|
|
|
|
Legal Form : |
Exempt Private Company |
|
|
|
|
Line of Business : |
Engineering and design of automation control system |
|
|
|
|
No. of Employees : |
130 [2013] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made on
e-mail: infodept@mirainform.com while quoting report number, name and date.
ECGC Country Risk Classification List – 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. |
: |
163255-U |
||||
|
COMPANY NAME |
: |
PRECISION
CONTROL SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
08/08/1987 |
||||
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|
||||
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|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE |
||||
|
LISTED STATUS |
: |
NO |
||||
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|
||||
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||||
|
REGISTERED ADDRESS |
: |
43, JALAN KOTA RAJA F27/F, HICOM TOWN CENTRE,
SECTION 27, 40400 SHAH ALAM, SELANGOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
43, JALAN KOTA RAJA F27/F, HICOM TOWN
CENTRE, SECTION 27, 40400 SHAH ALAM, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-51918113 |
||||
|
FAX.NO. |
: |
03-51917113 |
||||
|
EMAIL |
: |
|||||
|
WEB SITE |
: |
|||||
|
CONTACT PERSON |
: |
POI YIN THIT ( EXECUTIVE DIRECTOR ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
41003 |
||||
|
PRINCIPAL ACTIVITY |
: |
ENGINEERING AND DESIGN OF AUTOMATION
CONTROL SYSTEM |
||||
|
AUTHORISED CAPITAL |
: |
MYR 1,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 1,000,000.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
130 [2013] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
The SC is an exempt private company which is allowed to have a minimum of two and a maximum of twenty shareholders and all the shareholders must be individuals. An exempt company is a type of private limited company. 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, suing or be sued by other companies. The SC is governed by the Companies Act, 1965 and must file in its annual return. The SC need not file in its financial statements but it has to file in a document duly signed by its director in charge of its finance, the secretary and its auditor stating that the SC is able to meet all its obligations as and when they fall due. Although the SC is not required to file in its financial statements, it also has to prepare its financial account which must be presented at the Annual General Meeting.
The SC is principally engaged in the (as a / as an) engineering and design of automation control system.
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. YONG KOON SENG + |
NO. 6, JALAN SS 19/3 B, SUBANG JAYA, 47500 SUBANG JAYA, SELANGOR, MALAYSIA. |
530114-01-5277 |
570,000.00 |
57.00 |
|
MR. LIEW POH PENG + |
BLK-64,LENGKONG GARDEN, #05-01 LENGKONG 3, SINGAPORE |
531013-06-5325 |
285,000.00 |
28.50 |
|
MR. POI YIN THIT + |
602, TAMAN BUKIT KAYA, JALAN SG UJONG, 70200 SEREMBAN, NEGERI SEMBILAN, MALAYSIA. |
540705-05-5317 |
95,000.00 |
9.50 |
|
MR. KANG HWA CHONG |
2, JALAN USJ 5/1G, 47610 SUBANG JAYA, SELANGOR, MALAYSIA. |
620508-08-5381 |
50,000.00 |
5.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
1,000,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
The SC interest in
other companies (Subsidiaries/Associates) are shown as follow :
Local No |
Country |
Company |
(%) |
As At |
|
715852 |
MALAYSIA |
PRECISION CONTROL (PENANG) SDN. BHD. |
90.00 |
29/03/2013 |
|
|
|
|
|
|
|
421770 |
MALAYSIA |
CTI RESOURCES SDN. BHD. |
79.00 |
01/04/2013 |
|
|
|
|
|
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. IBRAHIM BIN OTHMAN |
|
Address |
: |
NO.2 JLN USJ 3/1G, UEP SUBANG JAYA, 47600 SUBANG JAYA, SELANGOR, MALAYSIA. |
|
|
|
|
|
New IC No |
: |
620930-10-6117 |
|
Date of Birth |
: |
30/09/1962 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
12/03/1996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
MR. POI YIN THIT |
|
Address |
: |
602, TAMAN BUKIT KAYA, JALAN SG UJONG, 70200 SEREMBAN, NEGERI SEMBILAN, MALAYSIA. |
|
|
|
|
|
New IC No |
: |
540705-05-5317 |
|
Date of Birth |
: |
05/07/1954 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
30/06/1990 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
MR. LIEW POH PENG |
|
Address |
: |
BLK-64,LENGKONG GARDEN, #05-01 LENGKONG 3, SINGAPORE |
|
|
|
|
|
New IC No |
: |
531013-06-5325 |
|
Date of Birth |
: |
13/10/1953 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
08/08/1987 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of Subject |
: |
MR. YONG KOON SENG |
|
Address |
: |
NO. 6, JALAN SS 19/3 B, SUBANG JAYA, 47500 SUBANG JAYA, SELANGOR, MALAYSIA. |
|
|
|
|
|
New IC No |
: |
530114-01-5277 |
|
Date of Birth |
: |
14/01/1953 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
08/08/1987 |
|
|
|
|
|
1) |
Name of Subject |
: |
POI YIN THIT |
|
|
Position |
: |
EXECUTIVE DIRECTOR |
|
|
|
|
|
|
2) |
Name of Subject |
: |
YONG KOON SENG |
|
|
Position |
: |
MANAGING DIRECTOR |
|
|
|
|
|
|
3) |
Name of Subject |
: |
YEE TIM KIONG |
|
|
Position |
: |
FINANCE & ADMIN MANAGER |
|
Auditor |
: |
KONG CHEONG & CO |
|
Auditor' Address |
: |
91B, JALAN SS 15/4C, PETALING JAYA, 47500 SUBANG
JAYA, SELANGOR, MALAYSIA. |
|
1) |
Company Secretary |
: |
MS. YOW SOOK KHENG |
|
|
|
|
|
|
|
New IC No |
: |
710330-08-5542 |
|
|
Address |
: |
7, JALAN 20/12, 46300 PETALING JAYA,
SELANGOR, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
Banking relations are maintained
principally with :
|
1) |
Name |
: |
HONG LEONG BANK BHD |
|
|
|
|
|
|
|
|
|
|
|
2) |
Name |
: |
MALAYAN BANKING BHD |
|
|
|
|
|
|
|
|
|
|
|
3) |
Name |
: |
UNITED MALAYAN BANKING CORPORATION BHD |
|
|
|
|
|
|
|
|
|
|
|
The SC enjoys normal banking routine with
above mentioned banker(s). No adverse record was found during our
investigation. |
ENCUMBRANCE 1
|
Date of Creation |
: |
14/12/1992 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM306,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 1 In The Register
of Charges |
||||
ENCUMBRANCE 2
|
Date of Creation |
: |
23/01/1996 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM300,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 2 In The Register
of Charges |
||||
ENCUMBRANCE 3
|
Date of Creation |
: |
06/01/2000 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM1,296,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 4 In The Register
of Charges |
||||
ENCUMBRANCE 4
|
Date of Creation |
: |
05/04/2000 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM2,100,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 5 In The Register
of Charges |
||||
ENCUMBRANCE 5
|
Date of Creation |
: |
06/09/2004 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM2,600,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 6 In The Register of
Charges |
||||
ENCUMBRANCE 6
|
Date of Creation |
: |
06/05/2005 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM4,100,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 7 In The Register
of Charges |
||||
ENCUMBRANCE 7
|
Date of Creation |
: |
16/10/2008 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM200,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 8 In The Register
of Charges |
||||
ENCUMBRANCE 8
|
Date of Creation |
: |
20/11/2008 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM300,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 9 In The Register
of Charges |
||||
ENCUMBRANCE 9
|
Date of Creation |
: |
20/11/2008 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM200,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 10 In The Register
of Charges |
||||
ENCUMBRANCE 10
|
Date of Creation |
: |
20/11/2008 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM340,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 11 In The Register
of Charges |
||||
ENCUMBRANCE 11
|
Date of Creation |
: |
20/11/2008 |
||
|
Description Of Charge |
: |
N/A
|
||
|
Amount Secured |
: |
RM280,000.00 |
||
|
Description Of Property Affected |
: |
N/A
|
||
|
Name & Address Of Chargee |
: |
|
||
|
|
|
|
||
|
|
|
|
||
|
Form 40 Dated |
||||
|
Registered and Numbered 12 In The Register
of Charges |
||||
* 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 |
|
|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES |
|||
|
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|
|
|
|
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|
|
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|
Products manufactured |
: |
|
|
|
|
|
|
|
|
Services |
: |
ENGINEERING AND DESIGN OF AUTOMATION
CONTROL SYSTEMN
|
|
|
|
|
|
|
|
Brand Name |
: |
CHINO, MOORE INDUSTRIES, NELES &
JAMESBURY VALVE, SIEMENS, TELEDYNE ANALYTICAL INSTRUMENTS, TOSHIBA
|
|
|
|
|
|
|
|
Award |
: |
1 ) MS ISO 9001 : 2000 Year :2006
|
|
|
|
|
|
|
|
Member(s) / Affiliate(s) |
: |
FEDERATION OF MALAYSIAN MANUFACTURERS
(FMM) SMI ASSOCIATION OF MALAYSIA |
|
|
|
|
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2013 |
2012 |
2010 |
2009 |
2008 |
|
|
|
|
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
|
|
|
|
|
COMPANY |
130 |
130 |
108 |
108 |
98 |
|
|
|
|
|
Branch |
: |
YES
|
Other
Information:
The SC is principally engaged in the (as a / as an) engineering and design of
automation control system.
The SC focuses on:
* Process Control Instrumentations, Control and On-off Valves
* System Integration, SCADA and Telemetry
* Training, Servicing and Commissioning
* Industry Information Management
* Field Installation Work
No projects found in our databank
Latest fresh
investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client |
: |
03 51918113 |
|
Current Telephone Number |
: |
03-51918113 |
|
Match |
: |
YES |
|
|
|
|
|
Address Provided by Client |
: |
NO.43,JALAN KOTA RAJA F27/F,HICOM TOWN
CENTRE SECTION 27,40400 SHAH ALAM SELANG |
|
Current Address |
: |
43, JALAN KOTA RAJA F27/F, HICOM TOWN
CENTRE, SECTION 27, 40400 SHAH ALAM, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
|
|
|
|
Latest Financial Accounts |
: |
NO |
|
|
||
|
|
||
Other
Investigations
we contacted one of the staff
from SC and she provided us some information on SC.
|
The SC is a private exempt company which
does not need to file in its accounts with the Registrar of Companies for the
information of the public. Therefore, we are not able to comment on the SC's
financial performance. |
||||||
|
|
|
|
|
|
|
|
|
Overall
financial condition of the SC : N/A |
||||||
|
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 |
|
|
41003 : Assembly and erection of prefabricated constructions on the
site |
|
|
|
|
|
INDUSTRY : |
CONSTRUCTION |
|
|
|
|
|
|
|
The construction sector consists of four subsectors: residential,
non-residential, civil engineering and special trade works. During a period
of rapid economic expansion, the sector generally outperforms Gross Domestic
Product (GDP) growth. |
|
|
|
|
|
Construction's contribution to gross domestic product (GDP) is
expected to fall to 11.2% in 2013 from 15 % in 2012, with all subsectors
registering steady growth. The sector is expected to benefit from the
acceleration of ongoing construction activities, particularly from the
Economic Transformation Programme (ETP) and Second Rolling Plan (RP2)
construction-related projects. Of significance, exploration activities in
O&G industries and major projects such as the electrified double-tracking
between lpoh -Padang Besar, LPT2 Jabur - Kuala Terengganu, MRT and the River
of Life are expected to drive the growth of the civil engineering subsector.
The non-residential subsector is expected to expand spurred by the industrial
building segment and the commencement of construction of the Tun Razak
Exchange (TRX). The residential subsector is also projected to expand, albeit
at a moderate pace, after recording several years of strong growth. Key
housing development projects, particularly in Sungai Buloh and Bandar
Malaysia in Sungai Besi, which are expected to commence in 2013, will support
residential construction activities. According to the Minister of Finance,
the domestic demand is expected to grow at 5.6% and will remain the main
driver of growth in 2013 underpinned by strong private sector expenditure. |
|
|
|
|
|
The industry is set to receive a further boost from a wave of new
developments earmarked for 2013, including rail projects worth an estimated $52
billion that should be launched in the coming year. It was predicted that the
growth in other sectors will largely drive Malaysia's economy but the
construction sector's contribution to GDP could still remain stable. However,
while the construction sector is expected to have a solid 2013, it remains
hampered by a shortage of skilled labourers, with rapid growth in recent
years triggering a drain on its workforce. In late November of 2012, the
Builders Association Malaysia (MBAM) request the government to do more to
facilitate the training of building workers or run the risk of supply-side
bottlenecks delaying new projects. |
|
|
|
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Average Growth |
|
|
Incorporated in 1987,
the SC is a Exempt Private company, focusing on engineering and design of
automation control system. 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. The capital standing of the SC is
fair. With an adequate share capital, the SC has the potential of expanding
its business in future. |
|
|
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.86.54 |
|
Euro |
1 |
Rs.73.86 |
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.