|
Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
LUVATA |
|
|
|
|
Formerly Known As : |
OUTOKUMPU COPPER PRODUCTS ( |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
16.01.1997 |
|
|
|
|
Com. Reg. No.: |
417125-K |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturing and Dealing of copper products |
|
|
|
|
No of Employees : |
300 [2014] |
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 : |
Slow But Correct |
|
|
|
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 sustained budget deficits, has forced Kuala Lumpur to begin to address fiscal shortfalls, through initial reductions in energy and sugar subsidies and the announcement of the 2015 implementation of a 6% goods and services tax. The government is also trying to lessen its dependence on state oil producer Petronas. The oil and gas sector supplies about 32% of government revenue in 2013. Bank Negara 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 earlier raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but retreated in 2013 after he encountered significant opposition from Malay nationalists and other vested interests. In September 2013 NAJIB launched the new Bumiputra Economic Empowerment Program (BEEP), policies that favor and advance the economic condition of ethnic Malays.
|
Source
: CIA |
EXECUTIVE SUMMARY
|
|
|
|
REGISTRATION NO. |
: |
417125-K |
||||
|
COMPANY NAME |
: |
LUVATA MALAYSIA
SDN. BHD. |
||||
|
FORMER NAME |
: |
OUTOKUMPU COPPER PRODUCTS (MALAYSIA) SDN
BHD (27/06/2006) |
||||
|
INCORPORATION DATE |
: |
16/01/1997 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
|
|
|
||||
|
|
|
|
||||
|
REGISTERED ADDRESS |
: |
SUITE 335A, JOHOR TOWER, JALAN GEREJA, 3RD
FLOOR, 80100 JOHOR BAHRU, JOHOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
PLO 573, JALAN KELULI 10, KAWASAN PERINDUSTRIAN
PASIR GUDANG, 81700 PASIR GUDANG, JOHOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
07-2526688 |
||||
|
FAX.NO. |
: |
07-2521336 |
||||
|
WEB SITE |
: |
WWW.LUVATA.COM |
||||
|
CONTACT PERSON |
: |
BERNDT MICHAEL NORDGREN ( MANAGING
DIRECTOR ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
23 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING AND DEALING OF COPPER
PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 120,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 120,000,000.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
MYR 736,360,230 [2012] |
||||
|
NET WORTH |
: |
MYR 197,821,548 [2012] |
||||
|
M1000 OVERALL RANKING |
: |
648[2011] |
||||
|
M1000 INDUSTRY RANKING |
: |
9[2011] |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
300 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
AVERAGE |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
HIGH |
||||
|
GENERAL REPUTATION |
: |
GOOD |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
HISTORY / BACKGROUND
|
The Subject 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 Subject must have at least two directors. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject 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 Subject is insolvent. The Subject 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 Subject is principally engaged in the (as a / as an) manufacturing and dealing of copper products.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
|
According to the Malaysia 1000
publication, the Subject's ranking are as follows: |
|||
|
|
|
|
|
|
YEAR |
2011 |
|
|
|
OVERALL RANKING |
648 |
|
|
|
INDUSTRY RANKING |
9 |
|
|
The immediate holding company of the Subject is LUVATA ESPOO OY, a company incorporated in FINLAND.
The ultimate holding company of the Subject is LUVATA OY, a company incorporated in FINLAND.
Share Capital
History
|
Date |
Authorised
Shared Capital |
Issue & Paid
Up Capital |
|
15/02/2013 |
MYR 120,000,000.00 |
MYR 120,000,000.00 |
|
25/05/1998 |
MYR 120,000,000.00 |
MYR 78,000,000.00 |
|
09/02/1998 |
MYR 120,000,000.00 |
MYR 24,000,000.00 |
|
16/01/1997 |
MYR 100,000.00 |
MYR 2.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
LUVATA ESPOO OY |
TUULIKUJA 2, FIN-02100, ESPOO, FINLAND. |
412.948 |
120,000,000.00 |
100.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
120,000,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
DATUK ABDUL RAMAN BIN HAJI SAAD HAJI |
|
Address |
: |
42, JALAN JINGGA 4, TAMAN PELANGI, 80400 JOHOR BAHRU, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
5635178 |
|
New IC No |
: |
490402-04-5557 |
|
Date of Birth |
: |
02/04/1949 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
10/12/1997 |
|
|
|
|
|
Qualification |
: |
LAW (HONS) FROM UNIVERSITY OF S'PORE IN 1974 & POST GRADUATE PROGRAM FROM STANFORD UNIVERSITY, PALO ALTO, CALIFORNIA IN 1977 |
|
Profile |
: |
FEDERAL COUNSEL/DEPUTY PUBLIC PROSECUTOR OF ATTORNEY GENERAL'S CHAMBERS FROM MID 1975 TO 1977 CALL TO MALAYSIAN BAR IN AUG 1977 & ADMITTED AS AN ADVOCATE & SOLICITOR OF SUPREME COURT OF THE REPUBLIC OF S'PORE IN FEB 1995 JOINED MESSRS. ABDUL RAMAN SAAD & ASS IN JB IN 1979 |
|
Other Info |
: |
DATUK DIRECTOSHIPS IN YAYASAN MELAKA, AYER KEROH COUNTRY CLUB BHD COMMITTEE MEMBER OF MALAYSIAN INTERNATIONAL CHAMBER OF COMMERCE & INDUSTRY, STATE OF JOHOR BRANCH & NATIONAL VICE-PRESIDENT OF MALAYSIA WEIGHT LIFTING FEDERATION MEMBER OF THE FINANCE COMMITTEE OF MALAYSIA OLYMPIC COUNCIL |
DIRECTOR 2
|
Name Of Subject |
: |
EAPEN ABRAHAM A/L K E ABRAHAM |
|
Address |
: |
10, JALAN LEMBAH 8, BANDAR SERI ALAM, 81750 MASAI, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
4793147 |
|
New IC No |
: |
550404-01-5919 |
|
Date of Birth |
: |
04/04/1955 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
19/10/2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
ACTING COUNTRY HEAD BERNDT MICHAEL NORDGREN |
|
Address |
: |
B8-W2, BLK B, KONDOMINIUM STRAITS VIEW, JALAN PERMAS SELATAN, TAMAN PERMAS JAYA, 81750 MASAI, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
PX4214216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
FINN |
|
Date of Appointment |
: |
19/10/2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of Subject |
: |
LAU SIEW DEE |
|
Address |
: |
37, JALAN JELITA 15, TAMAN PELANGI INDAH, 81800 ULU TIRAM, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
A0604714 |
|
New IC No |
: |
670313-01-5856 |
|
Date of Birth |
: |
13/03/1967 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
19/10/2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT
|
|
|
|
1) |
Name of Subject |
: |
BERNDT MICHAEL NORDGREN |
|
|
Position |
: |
MANAGING DIRECTOR |
|
|
|
|
|
|
2) |
Name of Subject |
: |
EAPEN ABRAHAM |
|
|
Position |
: |
ACCOUNTANT |
|
|
|
|
|
|
3) |
Name of Subject |
: |
SIA HENG HUAT |
|
|
Position |
: |
MARKETING MANAGER |
|
|
|
|
|
|
4) |
Name of Subject |
: |
GERALDINE LAU |
|
|
Position |
: |
HUMAN RESOURCE MANAGER |
|
|
|
|
|
|
5) |
Name of Subject |
: |
MOHAMED ARIFF |
|
|
Position |
: |
PRODUCTION MANAGER |
|
|
|
|
|
AUDITOR
|
|
Auditor |
: |
KPMG |
|
Auditor' Address |
: |
MENARA ANSAR, 65, JALAN TRUS, LEVEL 14, 80000 JOHOR BAHRU, JOHOR, MALAYSIA. |
|
|
|
|
|
|
|
|
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
CHONG SIOW PEI |
|
|
|
|
|
|
|
New IC No |
: |
790921-01-6322 |
|
|
Address |
: |
26, JALAN TASEK SATU, TAMAN TASEK, 80200 JOHOR BAHRU, JOHOR, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
|
|
|
|
|
|
|
|
|
|
|
|
ENCUMBRANCE (S)
|
No encumbrance was found in our databank at the time of investigation.
LEGAL CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank against the Subject whether the subject
has been involved in any litigation. Our databank consists of 99% of the wound
up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
DEFAULTER CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection since 1990. Information
was provided by third party where the debt amount can be disputed. Please check
with creditors for confirmation as alleged debts may have been paid since
recorded or are being disputed.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT RECORD
|
|
|
|
||||
|
SOURCES OF RAW MATERIALS: |
|
||||
|
Local |
: |
YES |
Percentage |
: |
40% |
|
Overseas |
: |
YES |
Percentage |
: |
60% |
|
Import Countries |
: |
ASIA |
|||
The Subject 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 |
[ |
|
] |
|
Average 61-90 Days |
[ |
X |
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
|
] |
|
|
|
|
|
|
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
60% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
Percentage |
: |
40% |
|
Export Market |
: |
SINGAPORE |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES |
|||
|
Type of Customer |
: |
AUTOMOTIVE INDUSTRIES,ELECTRICAL & ELECTRONIC INDUSTRIES, TELECOMUNICATION INDUSTRY |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS
|
|
Products manufactured |
: |
|
||
|
|
|
|
||
|
Product Brand Name |
: |
|
||
|
|
|
|
||
|
Award |
: |
1 ) MS ISO 9001 : 2000 Year :2003
|
||
|
|
|
|
||
|
Member(s) / Affiliate(s) |
: |
FEDERATION OF MALAYSIAN MANUFACTURERS (FMM) SMI ASSOCIATION OF MALAYSIA THE ELECTRICAL AND ELECTRONICS ASSOCIATION OF MALAYSIA (TEEAM) MALAYSIA EXTERNAL TRADE DEVELOPMENT CORPORATION (MATRADE) MALAYSIAN INTERNATIONAL CHAMBER OF COMMERCE AND INDUSTRY (MICCI) |
||
|
|
|
|
||
|
Production Capacity |
: |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
|
|
|
|
|
COMPANY |
300 |
300 |
270 |
270 |
265 |
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing and
dealing of copper products.
The Subject is one of the copper product manufacturer for various industrial
applications.
The Subject produces a wide range of products including anodes, brass rod,
profiles, rods & bars, sheets & plates, strips, tubes, welding
products, wire and related products.
The Subject produces its copper products according to its customers'
requirements.
The Subject's products are mainly used in various applications such as
electrical and electronic conductivity, switch gears, electrical appliances,
bus duct and etc.
The Subject is specialises in custom designed plants for surface treatment of
wire and strip as well as treatment of industrial waste water.
The Subject provides its customers with service, maintenance and upgrading of
both surface treatment and waste water treatment plants.
The Subject's production machineries are semi-automated.
|
CURRENT INVESTIGATION |
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
072526688 |
|
Current Telephone Number |
: |
07-2526688 |
|
Match |
: |
YES |
|
|
|
|
|
Address Provided by Client |
: |
PLO 573, JALAN KELULI 10, KAWASAN PERINDUSTRIAN PASIR GUDANG,81700,PASIR GUDANG,JOHOR. |
|
Current Address |
: |
PLO 573, JALAN KELULI 10, KAWASAN PERINDUSTRIAN PASIR GUDANG, 81700 PASIR GUDANG, JOHOR, MALAYSIA. |
|
Match |
: |
YES |
|
|
|
|
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
The Subject refused to comment anything on its nil turnover 2012.
FINANCIAL ANALYSIS
|
|
|
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Erratic |
[ |
2008 - 2012 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2008 - 2012 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
6.46% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
5.91% |
] |
|
|
|
|
|
|
|
|
|
|
The fluctuating turnover reflects the fierce competition among the
existing and new market players. The dip in profit could be due to the stiff market
competition which reduced the Subject's profit margin. The unfavourable
return on shareholders' funds could indicate that the Subject was inefficient
in utilising its assets to generate returns. |
||||||
|
|
|
|
|
|
|
|
|
Working Capital
Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Favourable |
[ |
51 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
50 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
57 Days |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's stocks were moving fast thus reducing its holding cost.
This had reduced funds being tied up in stocks. The favourable debtors' days
could be due to the good credit control measures implemented by the Subject.
The Subject had a favourable creditors' ratio where the Subject could be
taking advantage of the cash discounts and also wanting to maintain goodwill
with its creditors. |
||||||
|
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
|
Liquid Ratio |
: |
Acceptable |
[ |
0.99 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.72 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's liquid ratio was slightly low. This could indicate that
the Subject's working capital was slightly deficient. The Subject will have to
improve its liquidity position either by obtaining short term financing or
increase its paid up capital so that it can meet all its short term
obligations as and when they fall due. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Unfavourable |
[ |
(5.32 Times) |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.07 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject incurred losses in the year. It did not generate
sufficient income to service its interest. If the situation does not
improve, the Subject may be vulnerable to default in servicing the interest.
The Subject was lowly geared thus it had a low financial risk. The Subject
was mainly financed by its shareholders' funds and internally generated funds.
In times of economic slowdown / downturn, the Subject being a lowly geared
company, will be able to compete better than those companies which are highly
geared in the same industry. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall
Assessment : |
|
|
|
|
|
|
|
The Subject recorded lower profits as its turnover showed a erratic
trend. The Subject's management was unable to control its costs efficiently
as its profit showed a downward trend. The Subject's interest cover was
negative, indicating that it did not generate sufficient income to service
its interest. If its result does not show impressive improvements or succeed
obtaining short term financing or capital injection, it may not be able to
service its interest and repay the loans. The Subject 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 Subject : FAIR |
||||||
\
MALAYSIA ECONOMIC / INDUSTRY
OUTLOOK
|
|
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 |
|||||
INDUSTRY ANALYSIS
|
|
MSIC CODE |
|
|
23 : MANUFACTURE OF OTHER NON-METALLIC
MINERAL PRODUCTS |
|
|
|
|
|
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 domestic
oriented 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 seven months of
2012 in line with the increase in sales value of manufactured products by
6.5% to RM363.1 billion. Output from domestic oriented 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 government encourage
manufacturers to move up the value chain of manufacturing industry. The new
growth initiatives by government in the manufacturing sector such as solar
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 |
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
|
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
|
|
THE FINANCIAL STATEMENTS
WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
LUVATA MALAYSIA
SDN. BHD. |
|
Financial Year End |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
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 |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
|
|
|
|
|
|
|
TURNOVER |
736,360,230 |
952,254,451 |
816,247,283 |
514,211,182 |
781,603,820 |
|
Other Income |
2,285,786 |
2,165,223 |
6,194,683 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
738,646,016 |
954,419,674 |
822,441,966 |
514,211,182 |
781,603,820 |
|
Costs of Goods Sold |
(703,276,929) |
(912,654,674) |
(775,144,731) |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Gross Profit |
35,369,087 |
41,765,000 |
47,297,235 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
13,883,659 |
15,818,018 |
23,256,081 |
51,507,277 |
(29,519,846) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
13,883,659 |
15,818,018 |
23,256,081 |
51,507,277 |
(29,519,846) |
|
Taxation |
(1,094,890) |
(3,014,447) |
(647,292) |
(6,249,657) |
6,779,708 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
12,788,769 |
12,803,571 |
22,608,789 |
45,257,620 |
(22,740,138) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
65,032,779 |
52,229,208 |
29,620,419 |
(15,637,201) |
7,102,937 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
65,032,779 |
52,229,208 |
29,620,419 |
(15,637,201) |
7,102,937 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
77,821,548 |
65,032,779 |
52,229,208 |
29,620,419 |
(15,637,201) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
77,821,548 |
65,032,779 |
52,229,208 |
29,620,419 |
(15,637,201) |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
|
|
|
|
Others |
(2,196,762) |
(5,078,186) |
3,267,987 |
428,198 |
453,199 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
(2,196,762) |
(5,078,186) |
3,267,987 |
428,198 |
453,199 |
|
|
============= |
============= |
============= |
============= |
============= |
BALANCE SHEET
|
|
|
|
LUVATA MALAYSIA SDN.
BHD. |
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
93,950,746 |
107,271,587 |
92,031,745 |
84,106,338 |
75,220,243 |
|
|
|
|
|
|
|
|
Deferred assets |
1,117,000 |
2,209,000 |
5,267,000 |
5,891,000 |
12,136,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
1,117,000 |
2,209,000 |
5,267,000 |
5,891,000 |
12,136,000 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
95,067,746 |
109,480,587 |
97,298,745 |
89,997,338 |
87,356,243 |
|
|
|
|
|
|
|
|
Stocks |
103,856,242 |
69,284,298 |
30,476,211 |
37,453,921 |
20,458,804 |
|
Trade debtors |
101,722,911 |
137,044,573 |
114,317,067 |
78,409,671 |
66,040,850 |
|
Other debtors, deposits & prepayments |
1,387,411 |
1,091,412 |
811,655 |
1,133,048 |
1,009,862 |
|
Amount due from related companies |
852,439 |
805,527 |
651,686 |
585,873 |
343,878 |
|
Cash & bank balances |
38,466,307 |
24,300,933 |
13,762,800 |
12,639,511 |
16,805,027 |
|
Others |
133,027 |
119,802 |
69,024 |
1,097 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
246,418,337 |
232,646,545 |
160,088,443 |
130,223,121 |
104,658,421 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
341,486,083 |
342,127,132 |
257,387,188 |
220,220,459 |
192,014,664 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Trade creditors |
109,996,467 |
57,698,663 |
27,691,827 |
11,530,776 |
20,066,170 |
|
Other creditors & accruals |
7,601,509 |
15,986,318 |
5,521,244 |
4,319,642 |
6,539,343 |
|
Short term borrowings/Term loans |
13,761,000 |
15,230,400 |
- |
- |
- |
|
Amounts owing to holding company |
12,021,404 |
67,699,686 |
37,721,699 |
675,798 |
465,625 |
|
Amounts owing to related companies |
284,155 |
479,286 |
432,065 |
273,235 |
827,036 |
|
Provision for taxation |
- |
- |
- |
- |
40,146 |
|
Other liabilities |
- |
- |
- |
20,236,096 |
13,052 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
143,664,535 |
157,094,353 |
71,366,835 |
37,035,547 |
27,951,372 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
102,753,802 |
75,552,192 |
88,721,608 |
93,187,574 |
76,707,049 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
197,821,548 |
185,032,779 |
186,020,353 |
183,184,912 |
164,063,292 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
120,000,000 |
120,000,000 |
120,000,000 |
120,000,000 |
120,000,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
120,000,000 |
120,000,000 |
120,000,000 |
120,000,000 |
120,000,000 |
|
|
|
|
|
|
|
|
Retained profit/(loss) carried forward |
77,821,548 |
65,032,779 |
52,229,208 |
29,620,419 |
(15,637,201) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
77,821,548 |
65,032,779 |
52,229,208 |
29,620,419 |
(15,637,201) |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
197,821,548 |
185,032,779 |
172,229,208 |
149,620,419 |
104,362,799 |
|
|
|
|
|
|
|
|
Others |
- |
- |
13,791,145 |
33,564,493 |
59,700,493 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
- |
- |
13,791,145 |
33,564,493 |
59,700,493 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
197,821,548 |
185,032,779 |
186,020,353 |
183,184,912 |
164,063,292 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
|
|
LUVATA MALAYSIA
SDN. BHD. |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Cash |
38,466,307 |
24,300,933 |
13,762,800 |
12,639,511 |
16,805,027 |
|
Net Liquid Funds |
38,466,307 |
24,300,933 |
13,762,800 |
12,639,511 |
16,805,027 |
|
Net Liquid Assets |
(1,102,440) |
6,267,894 |
58,245,397 |
55,733,653 |
56,248,245 |
|
Net Current Assets/(Liabilities) |
102,753,802 |
75,552,192 |
88,721,608 |
93,187,574 |
76,707,049 |
|
Net Tangible Assets |
197,821,548 |
185,032,779 |
186,020,353 |
183,184,912 |
164,063,292 |
|
Net Monetary Assets |
(1,102,440) |
6,267,894 |
44,454,252 |
22,169,160 |
(3,452,248) |
|
BALANCE SHEET
ITEMS |
|
|
|
|
|
|
Total Borrowings |
13,761,000 |
15,230,400 |
0 |
0 |
0 |
|
Total Liabilities |
143,664,535 |
157,094,353 |
85,157,980 |
70,600,040 |
87,651,865 |
|
Total Assets |
341,486,083 |
342,127,132 |
257,387,188 |
220,220,459 |
192,014,664 |
|
Net Assets |
197,821,548 |
185,032,779 |
186,020,353 |
183,184,912 |
164,063,292 |
|
Net Assets Backing |
197,821,548 |
185,032,779 |
172,229,208 |
149,620,419 |
104,362,799 |
|
Shareholders' Funds |
197,821,548 |
185,032,779 |
172,229,208 |
149,620,419 |
104,362,799 |
|
Total Share Capital |
120,000,000 |
120,000,000 |
120,000,000 |
120,000,000 |
120,000,000 |
|
Total Reserves |
77,821,548 |
65,032,779 |
52,229,208 |
29,620,419 |
(15,637,201) |
|
LIQUIDITY
(Times) |
|
|
|
|
|
|
Cash Ratio |
0.27 |
0.15 |
0.19 |
0.34 |
0.60 |
|
Liquid Ratio |
0.99 |
1.04 |
1.82 |
2.50 |
3.01 |
|
Current Ratio |
1.72 |
1.48 |
2.24 |
3.52 |
3.74 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
|
|
|
|
Stock Ratio |
51 |
27 |
14 |
27 |
10 |
|
Debtors Ratio |
50 |
53 |
51 |
56 |
31 |
|
Creditors Ratio |
57 |
23 |
13 |
8 |
9 |
|
SOLVENCY RATIOS
(Times) |
|
|
|
|
|
|
Gearing Ratio |
0.07 |
0.08 |
0.00 |
0.00 |
0.00 |
|
Liabilities Ratio |
0.73 |
0.85 |
0.49 |
0.47 |
0.84 |
|
Times Interest Earned Ratio |
(5.32) |
(2.11) |
8.12 |
121.29 |
(64.14) |
|
Assets Backing Ratio |
1.65 |
1.54 |
1.55 |
1.53 |
1.37 |
|
PERFORMANCE
RATIO (%) |
|
|
|
|
|
|
Operating Profit Margin |
1.89 |
1.66 |
2.85 |
10.02 |
(3.78) |
|
Net Profit Margin |
1.74 |
1.34 |
2.77 |
8.80 |
(2.91) |
|
Return On Net Assets |
5.91 |
5.80 |
14.26 |
28.35 |
(17.72) |
|
Return On Capital Employed |
5.91 |
5.80 |
14.26 |
28.35 |
(17.72) |
|
Return On Shareholders' Funds/Equity |
6.46 |
6.92 |
13.13 |
30.25 |
(21.79) |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
NOTES TO
ACCOUNTS |
|
|
|
|
|
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.01 |
|
|
1 |
Rs. 102.69 |
|
Euro |
1 |
Rs. 81.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.