MIRA INFORM REPORT
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Report Date : |
23.05.2013 |
IDENTIFICATION DETAILS
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Name : |
ALI INTERNATIONAL (M) SDN. BHD. |
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Registered Office : |
Level 7, No. 706b, Semua House, No. 6, Jalan Bunus, 50100 Kuala
Lumpur, Wilayah Persekutuan |
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Country : |
Malaysia |
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Date of Incorporation : |
18.06.2012 |
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Com. Reg. No.: |
1006342-P |
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Legal Form : |
Private Limited (Limited By Share) |
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Line of Business : |
To deal in business towels textiles, machinery and accessories; to import
export, buy sell and generally deal in good, wares and merchandise; to carry
on the business and to act as merchandise, general trader, commission agents,
carries, in any other capacity |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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) |
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Malaysia |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
* Adopted abbreviations : |
SC - Subject Company (the company enquired
by you) |
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N/A - Not Applicable |
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REGISTRATION NO. |
: |
1006342-P |
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COMPANY NAME |
: |
ALI
INTERNATIONAL (M) SDN. BHD. |
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FORMER NAME |
: |
N/A |
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INCORPORATION DATE |
: |
18/06/2012 |
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COMPANY STATUS |
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EXIST |
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LEGAL FORM |
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PRIVATE LIMITED (LIMITED BY SHARE) |
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LISTED STATUS |
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NO |
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REGISTERED ADDRESS |
: |
LEVEL 7, NO. 706B, SEMUA HOUSE, NO. 6,
JALAN BUNUS, 50100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
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BUSINESS ADDRESS |
: |
N/A |
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TEL.NO. |
: |
N/A |
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FAX.NO. |
: |
N/A |
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CONTACT PERSON |
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N/A |
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INDUSTRY CODE |
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46695 |
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PRINCIPAL ACTIVITY |
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TO DEAL IN BUSINESS TOWELS TEXTILES,
MACHINERY AND ACCESSORIES; TO IMPORT EXPORT, BUY SELL AND GENERALLY DEAL IN
GOOD, WARES AND MERCHANDISE; TO CARRY ON THE BUSINESS AND TO ACT AS MERCHANDISE,
GENERAL TRADER, COMMISSION AGENTS, CARRIES, IN ANY OTHER CAPACITY |
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AUTHORISED CAPITAL |
: |
MYR 1,000,000.00 DIVIDED INTO |
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ISSUED AND PAID UP CAPITAL |
: |
MYR 1,000,000.00 DIVIDED INTO |
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SALES |
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N/A |
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NET WORTH |
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N/A |
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STAFF STRENGTH |
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N/A |
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LITIGATION |
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CLEAR |
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DEFAULTER CHECK |
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CLEAR |
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FINANCIAL CONDITION |
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N/A |
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PAYMENT |
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N/A |
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MANAGEMENT CAPABILITY |
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N/A |
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COMMERCIAL RISK |
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N/A |
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CURRENCY EXPOSURE |
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N/A |
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GENERAL REPUTATION |
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N/A |
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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) to deal in business towels textiles, machinery and accessories; to import export, buy sell and generally deal in good, wares and merchandise; to carry on the business and to act as merchandise, general trader, commission agents, carries, in any other capacity.
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 |
(%) |
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MR. MOHD NOR HAFIZ BIN HASNAN + |
496, JALAN BESAR, 34300 BAGAN SERAI, PERAK, MALAYSIA. |
841113-08-5247 |
599,999.00 |
60.00 |
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MUHAMMAD MAHTAB + |
A-21-2, MENARA CITY ONE CONDOMINIUM, NO. 3 JALAN MUNSHI ABDULLAH, 50100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
AJ0170881 |
399,999.00 |
40.00 |
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AFTAB AHMED + |
A-21-2, MENARA CITY ONE CONDOMINIUM, NO. 3, JALAN MUNSHI ABDULLAH, 50100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
JN1152842 |
1.00 |
0.00 |
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NISAR ALI ABBASI + |
A-21-2, MENARA CITY ONE CONDOMINIUM, NO. 3, JALAN MUNSHI ABDULLAH, 50100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
FS101608 |
1.00 |
0.00 |
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--------------- |
------ |
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1,000,000.00 |
100.00 |
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============ |
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+ Also Director
DIRECTOR 1
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Name Of Subject |
: |
NISAR ALI ABBASI |
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Address |
: |
A-21-2 MENARA CITY ONE CONDOMINIUM, NO. 3, JALAN MUNSHI ABDULLAH, 50100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
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IC / PP No |
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FS1016081 |
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Date of Appointment |
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18/06/2012 |
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DIRECTOR 2
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Name Of Subject |
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AFTAB AHMED |
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Address |
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A-21-2, MENARA CITY ONE CONDOMINIUM, NO. 3, JALAN MUNSHI ABDULLAH, 50100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
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IC / PP No |
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JN1152842 |
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Date of Appointment |
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18/06/2012 |
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DIRECTOR 3
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Name Of Subject |
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MUHAMMAD MAHTAB |
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Address |
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A-21-2, MENARA CITY ONE CONDOMINIUM, NO. 3 JALAN MUNSHI ABDULLAH, 50100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
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IC / PP No |
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AJ0170881 |
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Date of Appointment |
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12/12/2012 |
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DIRECTOR 4
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Name Of Subject |
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MR. MOHD NOR HAFIZ BIN HASNAN |
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Address |
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496, JALAN BESAR, 34300 BAGAN SERAI, PERAK, MALAYSIA. |
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New IC No |
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841113-08-5247 |
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Date of Birth |
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13/11/1984 |
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Nationality |
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MALAYSIAN |
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Date of Appointment |
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26/12/2012 |
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No data found in our databank.
No Auditor found in our databank
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1) |
Company Secretary |
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MS. SHARON ANN FERNANDEZ |
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New IC No |
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670317-10-6050 |
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Address |
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NO. 27, JALAN AUR KS 4, TAMAN AUR, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
* A check has been conducted in our databank againt the SC whether the subject
has been involved in any litigation. Our databank consists of 99% of the wound
up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
* We have checked through the SC in our defaulters' database which comprised of
debtors that have been blacklisted by our customers and debtors that have been
placed or assigned to us for collection since 1990. Information was provided by
third party where the debt amount can be disputed. Please check with creditors
for confirmation as alleged debts may have been paid since recorded or are
being disputed.
No blacklisted record & debt collection case was found in our defaulters'
databank.
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SOURCES OF RAW MATERIALS: |
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Local |
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N/A |
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Overseas |
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N/A |
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Local |
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N/A |
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Overseas |
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N/A |
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Branch |
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NO
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Other
Information:
The SC is
principally engaged in the (as a / as an) to deal in business towels textiles, machinery
and accessories; to import export, buy sell and generally deal in good, wares
and merchandise; to carry on the business and to act as merchandise, general
trader, commission agents, carries, in any other capacity.
No projects found in our databank
Latest fresh
investigations carried out on the SC indicated that :
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Telephone Number Provided By Client |
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N/A |
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Current Telephone Number |
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N/A |
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Match |
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N/A |
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Address Provided by Client |
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BLOCK A 21-2 MENARA CITY ONE JALAN MUNSHI
ABDULLAH 50100 |
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Current Address |
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N/A |
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Match |
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N/A |
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Latest Financial Accounts |
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NO |
Other
Investigations
We are unable to contact the SC and its Directors. Then, we contacted the SC's
secretary.
However, the SC's secretary refused to provide any information of the SC.
The address provided belongs to one of the shareholder's residential address.
Due to this, we were unable to provide further information regarding to the SC.
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No latest financial accounts are available
at the Registry Office, thus we are not able to comment on the SC's financial
performance. |
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Overall
financial condition of the SC : N/A |
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Major Economic
Indicators: |
2009 |
2010 |
2011 |
2012* |
2013** |
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Population ( Million) |
28.13 |
28.35 |
28.70 |
29.30 |
29.80 |
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Gross Domestic
Products ( % ) |
<0.5> |
7.2 |
5.1 |
5.6 |
5.3 |
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Domestic Demand ( % ) |
2.9 |
6.3 |
8.2 |
9.4 |
5.6 |
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Private
Expenditure ( % ) |
<2.7> |
8.1 |
8.2 |
8.0 |
7.4 |
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Consumption ( % ) |
0.7 |
6.7 |
7.1 |
1.0 |
5.7 |
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Investment ( % ) |
<17.2> |
17.7 |
12.2 |
11.7 |
13.3 |
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Public
Expenditure ( % ) |
5.2 |
3.8 |
8.4 |
13.3 |
1.2 |
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Consumption ( % ) |
3.1 |
0.2 |
16.1 |
11.3 |
<1.2> |
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Investment ( % ) |
8.0 |
2.8 |
<0.3> |
15.9 |
4.2 |
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Balance of Trade ( MYR Million ) |
89,650 |
118,356 |
116,058 |
106,300 |
110,700 |
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Government Finance ( MYR Million ) |
<28,450> |
<40,482> |
<45,511> |
<42,297> |
<39,993> |
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Government
Finance to GDP / Fiscal Deficit ( % ) |
<4.8> |
<5.6> |
<5.4> |
<4.5> |
<4.0> |
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Inflation ( % Change in Composite CPI) |
<5.2> |
5.1 |
3.1 |
1.6 |
2.5 |
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Unemployment Rate |
4.5 |
3.9 |
3.3 |
3.2 |
3.0 |
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Net International Reserves ( MYR Billion ) |
331 |
329 |
415 |
427 |
- |
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Average Risk-Weighted Capital Adequacy
Ratio ( % ) |
2.87 |
2.20 |
3.50 |
2.20 |
- |
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Average 3 Months
of Non-performing Loans ( % ) |
11.08 |
15.30 |
14.80 |
14.70 |
- |
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Average Base Lending Rate ( % ) |
5.53 |
6.30 |
6.60 |
6.53 |
- |
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Business Loans Disbursed( % ) |
10.5 |
14.7 |
15.3 |
32.2 |
- |
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Foreign Investment ( MYR Million ) |
22,156.8 |
22,517.9 |
23,546.1 |
26,230.4 |
- |
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Consumer Loans ( % ) |
- |
- |
- |
- |
- |
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Registration of
New Companies ( No. ) |
41,578 |
44,148 |
45,455 |
45,441 |
- |
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Registration of New Companies ( % ) |
<0.1> |
6.2 |
3.0 |
<0.0> |
- |
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Liquidation of
Companies ( No. ) |
39,075 |
25,585 |
132,476 |
- |
- |
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Liquidation of Companies ( % ) |
39.6 |
<34.5> |
417.8 |
- |
- |
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Registration of
New Business ( No. ) |
312,581 |
271,414 |
284,598 |
324,761 |
- |
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Registration of New Business ( % ) |
- |
- |
- |
- |
- |
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Business
Dissolved ( No. ) |
19,345 |
19,738 |
20,121 |
- |
- |
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Business Dissolved ( % ) |
2.4 |
2.0 |
1.9 |
- |
- |
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Sales of New Passenger Cars (' 000 Unit ) |
486.3 |
543.6 |
535.1 |
552.2 |
- |
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Cellular Phone Subscribers ( Million ) |
30.1 |
32.8 |
35.3 |
38.5 |
- |
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Tourist Arrival ( Million Persons ) |
23.6 |
24.6 |
24.7 |
25.0 |
- |
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Hotel Occupancy Rate ( % ) |
58.0 |
63.0 |
60.6 |
62.4 |
- |
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Credit Cards Spending ( % ) |
12.8 |
14.1 |
15.6 |
12.6 |
- |
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Bad Cheque Offenders (No.) |
36,667 |
33,568 |
32,627 |
26,982 |
- |
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Individual Bankruptcy ( No.) |
16,228 |
18,119 |
19,167 |
19,575 |
- |
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Individual Bankruptcy ( % ) |
16.7 |
11.7 |
5.8 |
2.1 |
- |
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INDUSTRIES ( %
of Growth ): |
2009 |
2010 |
2011 |
2012* |
2013** |
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Agriculture |
0.4 |
2.1 |
5.9 |
0.6 |
2.4 |
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Palm Oil |
<1.1> |
<3.4> |
10.8 |
<2.8> |
- |
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Rubber |
<19.8> |
9.9 |
6.1 |
<0.6> |
- |
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Forestry & Logging |
<5.9> |
<3.3> |
<7.6> |
<2.2> |
- |
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Fishing |
5.5 |
5.6 |
2.1 |
<0.7> |
- |
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Other Agriculture |
9.0 |
7.9 |
7.1 |
6.4 |
- |
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Industry
Non-Performing Loans ( MYR Million ) |
413.7 |
508.4 |
634.1 |
- |
- |
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% of Industry
Non-Performing Loans |
1.3 |
2.1 |
3.2 |
- |
- |
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Mining |
<3.8> |
0.2 |
<5.7> |
1.5 |
2.7 |
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Oil & Gas |
2.1 |
0.5 |
<1.7> |
- |
- |
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Other Mining |
- |
- |
- |
- |
- |
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Industry
Non-performing Loans ( MYR Million ) |
44.2 |
49.7 |
46.5 |
- |
- |
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% of Industry
Non-performing Loans |
0.1 |
0.1 |
0.1 |
- |
- |
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Manufacturing # |
<9.4> |
11.4 |
4.7 |
4.2 |
4.9 |
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Exported-oriented
Industries |
<19.0> |
12.1 |
2.8 |
4.1 |
- |
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Electrical & Electronics |
<30.3> |
28.4 |
<4.9> |
1.6 |
- |
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Rubber Products |
<10.1> |
25.3 |
15.4 |
3.6 |
- |
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Wood Products |
<24.1> |
20.1 |
<4.9> |
4.6 |
- |
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Textiles & Apparel |
<19.5> |
<0.4> |
14.8 |
<7.1> |
- |
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Domestic-oriented
Industries |
<9.8> |
16.3 |
6.5 |
8.6 |
- |
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Food, Beverages & Tobacco |
0.2 |
3.0 |
4.2 |
- |
- |
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Chemical & Chemical Products |
<7.7> |
16.2 |
5.5 |
9.9 |
- |
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Plastic Products |
<9.1> |
2.4 |
3.8 |
- |
- |
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Iron & Steel |
<32.7> |
29.3 |
2.4 |
- |
- |
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Fabricated Metal Products |
<2.5> |
14.9 |
25.2 |
- |
- |
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Non-metallic Mineral |
<15.5> |
20.2 |
27.1 |
6.6 |
- |
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Transport Equipment |
<13.5> |
36.5 |
<10.4> |
13.7 |
- |
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Paper & Paper Products |
<5.0> |
18.7 |
14.8 |
<7.8> |
- |
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Crude Oil Refineries |
0.2 |
<11.4> |
9.3 |
- |
- |
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Industry
Non-Performing Loans ( MYR Million ) |
6,007.3 |
6,217.5 |
6,537.2 |
- |
- |
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% of Industry
Non-Performing Loans |
18.3 |
23.8 |
25.7 |
- |
- |
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Construction |
5.8 |
5.1 |
4.4 |
15.5 |
11.2 |
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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 |
- |
- |
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Services |
2.6 |
6.5 |
6.4 |
5.5 |
5.6 |
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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 |
- |
- |
|
|
|
|
|
|
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|
|
|
|
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|
* Estimate / Preliminary |
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|
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** Forecast |
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|
|
|
# Based On Manufacturing Production
Index |
|||||
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MSIC CODE |
|
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46695 : Wholesale of textile fibres |
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INDUSTRY : |
TRADING |
|
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According to the Retail Group Malaysia (RGM), the wholesale and retail
trade sector forecast to grow to 6% in year 2013. During the first quarter of
year 2013, RGM is estimating the retail industry to grow 6.9%. Many retailers
have been enjoying better sales since the government handed out cash from
mid-January of 2013 under the second round of Bantuan Rakyat 1Malaysia to
more than 12 million Malaysians. Bookstores and related retail stores have
also started enjoying rising sales since the RM250 1Malaysia Book Voucher was
distributed to 1.3 million private and public university students. Besides,
since early February 2013, handphone traders and retailers selling smartphone
accessories have started to benefit from the RM200 rebate on smartphones for
1.5 million young adults aged between 21 and 30 years with a monthly income
of not more than RM3,000. |
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|
The wholesale and retail trade sector grew 6.1% in the first half of
the year 2012 driven by strong domestic consumption and the increasing number
of large format stores operating in Malaysia, including 180 foreign
hypermarkets, superstores and departmental stores as at end of August 2012.
In addition, other indicators such as imports of consumption goods were
higher by 15.2%. |
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|
In 2012, the wholesale and retail trade sector growth to 5.5% driven by
higher consumption which benefited from Government initiatives under the 2012
Budget such as BR1M, Baucar Buku 1Malaysia (BB1M) and the RM100 assistance
for all primary and secondary school students. The performance of the sector
will also be supported by ongoing efforts to modernise the retail segment
under the ETP. In 2012, 500 retail shops and 50 workshops are targeted to be
modernised under the Retail Shop Transformation (TUKAR) and Automotive
Workshop Modernisation (ATOM) programmes, respectively. As at end of July
2012, 95 workshops have been modernised, surpassing the yearly target, while
393 retail shops have been modernised. |
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Growth of the sector is anticipated to remain encouraging with ongoing
efforts by the Government to increase its contribution to the economy. Major
initiatives include increasing the number of large format stores such as
hypermarkets, superstores and departmental stores are carried out to boost
the economy. |
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Over 60% of Gross Domestic Product (GDP) is contributed by domestic
consumption, therefore the wholesale and retail sector plays a crucial role
in driving Malaysia's growth over the next decade despite the ongoing global
economic slowdown. By 2020, Malaysia's wholesale and retail sector is
expected to boost the country's total Gross National Income (GNI) by RM156
billion, creating 454,190 new jobs. |
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OVERALL INDUSTRY
OUTLOOK : Average Growth |
|
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.
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.71.67 |
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.