|
Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
KHAI YO TRADING (M) SDN. BHD. |
|
|
|
|
Registered Office : |
No. 10a, 1st Floor,
Jalan 2/67, Petaling Jaya, Selangor, 47300 Petaling Jaya, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.04.2008 |
|
|
|
|
Date of Incorporation : |
26.12.2002 |
|
|
|
|
Com. Reg. No.: |
601842-D |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
trader and distributor of foodstuff including onions, potatoes, garlics, gingers, groundnuts, dried chilies, beans |
|
|
|
|
No. of Employees : |
10 [2013] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
--- |
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) |
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|
|
|
|
N/A - Not Applicable |
|
|
REGISTRATION NO. |
: |
601842-D |
||||
|
COMPANY NAME |
: |
KHAI YO TRADING
(M) SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
26/12/2002 |
||||
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|
||||
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|
||||
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COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
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||||
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||||
|
REGISTERED ADDRESS |
: |
NO. 10A, 1ST FLOOR, JALAN 2/67, PETALING JAYA,
SELANGOR, 47300 PETALING JAYA, SELANGOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
21 LORONG SELAMPIT 18A, TAMAN DESA UTAMA,
41200 KLANG, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-33233344 |
||||
|
FAX.NO. |
: |
03-33237584 |
||||
|
CONTACT PERSON |
: |
LEE BENG HUAT ( MANAGING DIRECTOR ) |
||||
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|
|
|
||||
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INDUSTRY CODE |
: |
46329 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING AND DISTRIBUTION OF FOODSTUFF |
||||
|
AUTHORISED CAPITAL |
: |
MYR 500,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 500,000.00 DIVIDED INTO |
||||
|
|
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|
||||
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SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
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|
|
|
||||
|
STAFF STRENGTH |
: |
10 [2013] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
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PAYMENT |
: |
N/A |
||||
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MANAGEMENT CAPABILITY |
: |
WEAK |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
HIGH |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
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) trading and distribution of foodstuff.
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. LEE BENG HUAT + |
94, JALAN BESAR, TAMAN SRI ANDALAS, 41200 KLANG, SELANGOR, MALAYSIA. |
660808-07-5333 |
400,000.00 |
80.00 |
|
MS. GAN GEEK EAN @ GAN GEEK CHEAN + |
174 JALAN BESAR, 17200 RANTAU PANJANG, KELANTAN., MALAYSIA. |
720509-03-5026 |
100,000.00 |
20.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
500,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MS. GAN GEEK EAN @ GAN GEEK CHEAN |
|
Address |
: |
174 JALAN BESAR, 17200 RANTAU PANJANG, KELANTAN., MALAYSIA. |
|
|
|
|
|
New IC No |
: |
720509-03-5026 |
|
Date of Birth |
: |
09/05/1972 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
30/06/2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
MR. LEE BENG HUAT |
|
Address |
: |
94, JALAN BESAR, TAMAN SRI ANDALAS, 41200 KLANG, SELANGOR, MALAYSIA. |
|
|
|
|
|
New IC No |
: |
660808-07-5333 |
|
Date of Birth |
: |
08/08/1966 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
30/06/2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) |
Name of Subject |
: |
LEE BENG HUAT |
|
|
Position |
: |
MANAGING DIRECTOR |
|
Auditor |
: |
K.N.LIANG & CO. |
|
Auditor' Address |
: |
NO. 5 (2ND FLOOR-SUITE A), JALAN 10/1G, 47620 SUBANG JAYA, SELANGOR, MALAYSIA. |
|
|
|
|
|
1) |
Company Secretary |
: |
MR. TAN CHEE LUEN |
|
|
|
|
|
|
|
New IC No |
: |
740526-10-5485 |
|
|
Address |
: |
NO.23, JALAN SUNGAI CONGKAK 32/51B, SEKSYEN 32, BUKIT RIMAU, 40460 SHAH ALAM, SELANGOR, MALAYSIA. |
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|
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|
2) |
Company Secretary |
: |
MR. KHOO TECK KEE |
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|
|
|
|
|
|
New IC No |
: |
750223-05-5109 |
|
|
Address |
: |
NO. 29, JALAN PUTRA MAHKOTA 7/3G,, PUTRA HEIGHTS,, 47650 SUBANG JAYA, SELANGOR, MALAYSIA. |
|
|
|
|
|
|
|
|
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|
Banking relations are maintained principally with :
|
1) |
Name |
: |
EON BANK BHD |
|
|
|
|
|
|
|
|
|
|
|
2) |
Name |
: |
MALAYAN BANKING BHD |
|
|
|
|
|
|
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
05/01/2004 |
N/A |
MALAYAN BANKING BERHAD |
MYR 3,100,000.00 |
Satisfied |
|
2 |
21/03/2007 |
OPEN CHARGE |
EON BANK BHD |
N/A |
Unsatisfied |
|
3 |
21/03/2007 |
OPEN CHARGE |
EON BANK BHD |
N/A |
Unsatisfied |
|
4 |
30/11/2010 |
OPEN CHARGE |
MALAYAN BANKING BHD |
MYR 3,060,000.00 |
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 |
|
|
Import Countries |
: |
CHINA,INDIA |
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|
|
|
|
|
|
|
|
|
|
|
Credit Term |
: |
AS AGREED |
|||
|
|
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Payment Mode |
: |
CHEQUES |
|||
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|
Goods Traded |
: |
FOOD PRODUCTS
|
|
|
|
|
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
|
|
|
|
|
COMPANY |
10 |
10 |
10 |
8 |
9 |
|
|
|
|
|
Branch |
: |
NO
|
Other
Information:
The SC is principally engaged in the (as a / as an) trading and distribution of
foodstuff.
The SC offers a wide range of products includes onions, potatoes, garlics, gingers,
groundnuts, dried chilies, beans and others.
Besides that, the SC also provides products based on the customers's
requirements.
We were informed that the SC does not keep stocks as it directly delivers the
products to its customers.
The SC sells its products both in loose and large quantities.
According to the SC, the orders for its food products increase during festive
season.
CURRENT INVESTIGATION
Latest fresh
investigations carried out on the SC indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-33233344 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
21 LORONG SELAMPIT 18A TAMAN DESA UTAMA,
41200 KLANG, SELANGOR, DARUL EHSAN MALAYSIA |
|
Current Address |
: |
21 LORONG SELAMPIT 18A, TAMAN DESA UTAMA,
41200 KLANG, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
|
|
|
|
Latest Financial Accounts |
: |
NO |
Other
Investigations
we contacted one of the staff from the SC and she provided some
information on the SC.
|
No latest financial accounts are available
at the Registry Office, thus 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 |
|
|
46329 : Wholesale of other foodstuffs |
|
|
|
|
|
INDUSTRY : |
TRADING |
|
|
|
|
|
|
|
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. |
|
|
|
|
|
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%. |
|
|
|
|
|
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. |
|
|
|
|
|
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. |
|
|
|
|
|
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. |
|
|
|
|
|
OVERALL INDUSTRY
OUTLOOK : Average Growth |
|
|
Incorporated in
2002, the SC is a Private Limited company, focusing on trading and
distribution of foodstuff. Having been in the industry for over a decade, the
SC has achieved a certain market share and has built up a satisfactory
reputation in the market. It should have received supports from its regular
customers. With a weak shareholders' backing, the SC's capital position is
weak. Inadequate capital may be a constraint to the SC as it limits its
ability to expand its business in future. The capital standing of the SC is
weak. The SC may face difficulties to expand its business compared to other
large corporation. Without a strong capital, the business expansion
opportunities of the SC is limited. |
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
KHAI YO TRADING
(M) SDN. BHD. |
|
Financial Year End |
2008-04-30 |
2007-04-30 |
2006-04-30 |
2005-04-30 |
2004-04-30 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
|
|
|
|
|
|
|
TURNOVER |
103,234,164 |
161,965,096 |
130,122,018 |
111,833,566 |
51,938,464 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
103,234,164 |
161,965,096 |
130,122,018 |
111,833,566 |
51,938,464 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
1,398,851 |
1,489,114 |
813,062 |
557,830 |
349,342 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
1,398,851 |
1,489,114 |
813,062 |
557,830 |
349,342 |
|
Taxation |
<363,173> |
<247,896> |
<309,041> |
<163,576> |
<82,149> |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
1,035,678 |
1,241,218 |
504,021 |
394,254 |
267,193 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
1,035,678 |
1,241,218 |
504,021 |
394,254 |
267,193 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
1,035,678 |
1,241,218 |
504,021 |
394,254 |
267,193 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
2,406,686 |
1,165,468 |
661,447 |
267,193 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
2,406,686 |
1,165,468 |
661,447 |
267,193 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
3,442,364 |
2,406,686 |
1,165,468 |
661,447 |
267,193 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
3,442,364 |
2,406,686 |
1,165,468 |
661,447 |
267,193 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
KHAI YO TRADING
(M) SDN. BHD. |
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
3,736,871 |
126,927 |
378,845 |
498,437 |
414,820 |
|
|
|
|
|
|
|
|
LONG TERM
INVESTMENTS/OTHER ASSETS |
|
|
|
|
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
0 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
3,736,871 |
126,927 |
378,845 |
498,437 |
414,820 |
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
27,595,900 |
25,898,919 |
12,043,844 |
17,418,000 |
9,897,060 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
31,332,771 |
26,025,846 |
12,422,689 |
17,916,437 |
10,311,880 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
26,378,095 |
23,083,421 |
10,554,372 |
16,489,149 |
9,275,716 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
1,217,805 |
2,815,498 |
1,489,472 |
928,851 |
621,344 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
4,954,676 |
2,942,425 |
1,868,317 |
1,427,288 |
1,036,164 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
500,000 |
500,000 |
500,000 |
500,000 |
500,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
500,000 |
500,000 |
500,000 |
500,000 |
500,000 |
|
|
|
|
|
|
|
|
RESERVES |
|
|
|
|
|
|
Retained profit/(loss) carried forward |
3,442,364 |
2,406,686 |
1,165,468 |
661,447 |
267,193 |
|
Others |
- |
30,327 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
3,442,364 |
2,437,013 |
1,165,468 |
661,447 |
267,193 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
3,942,364 |
2,937,013 |
1,665,468 |
1,161,447 |
767,193 |
|
|
|
|
|
|
|
|
LONG TERM
LIABILITIES |
|
|
|
|
|
|
TOTAL LONG TERM LIABILITIES |
1,012,312 |
5,412 |
202,849 |
265,841 |
268,971 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
4,954,676 |
2,942,425 |
1,868,317 |
1,427,288 |
1,036,164 |
|
|
============= |
============= |
============= |
============= |
============= |
|
KHAI YO TRADING
(M) SDN. BHD. |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Net Liquid Assets |
1,217,805 |
2,815,498 |
1,489,472 |
928,851 |
621,344 |
|
Net Current Assets/(Liabilities) |
1,217,805 |
2,815,498 |
1,489,472 |
928,851 |
621,344 |
|
Net Tangible Assets |
4,954,676 |
2,942,425 |
1,868,317 |
1,427,288 |
1,036,164 |
|
Net Monetary Assets |
205,493 |
2,810,086 |
1,286,623 |
663,010 |
352,373 |
|
|
|
|
|
|
|
|
BALANCE SHEET
ITEMS |
|
|
|
|
|
|
Total Liabilities |
27,390,407 |
23,088,833 |
10,757,221 |
16,754,990 |
9,544,687 |
|
Total Assets |
31,332,771 |
26,025,846 |
12,422,689 |
17,916,437 |
10,311,880 |
|
Net Assets |
4,954,676 |
2,942,425 |
1,868,317 |
1,427,288 |
1,036,164 |
|
Net Assets Backing |
3,942,364 |
2,937,013 |
1,665,468 |
1,161,447 |
767,193 |
|
Shareholders' Funds |
3,942,364 |
2,937,013 |
1,665,468 |
1,161,447 |
767,193 |
|
Total Share Capital |
500,000 |
500,000 |
500,000 |
500,000 |
500,000 |
|
Total Reserves |
3,442,364 |
2,437,013 |
1,165,468 |
661,447 |
267,193 |
|
|
|
|
|
|
|
|
LIQUIDITY
(Times) |
|
|
|
|
|
|
Current Ratio |
1.05 |
1.12 |
1.14 |
1.06 |
1.07 |
|
|
|
|
|
|
|
|
SOLVENCY RATIOS
(Times) |
|
|
|
|
|
|
Liabilities Ratio |
6.95 |
7.86 |
6.46 |
14.43 |
12.44 |
|
Assets Backing Ratio |
9.91 |
5.88 |
3.74 |
2.85 |
2.07 |
|
|
|
|
|
|
|
|
PERFORMANCE
RATIO (%) |
|
|
|
|
|
|
Operating Profit Margin |
1.36 |
0.92 |
0.62 |
0.50 |
0.67 |
|
Net Profit Margin |
1.00 |
0.77 |
0.39 |
0.35 |
0.51 |
|
Return On Net Assets |
28.23 |
50.61 |
43.52 |
39.08 |
33.71 |
|
Return On Capital Employed |
28.23 |
50.61 |
43.52 |
39.08 |
33.71 |
|
Return On Shareholders' Funds/Equity |
26.27 |
42.26 |
30.26 |
33.95 |
34.83 |
|
|
|
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
UK Pound |
1 |
Rs.99.56 |
|
Euro |
1 |
Rs.83.55 |
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.