|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHEMOPHARM SDN. BHD. |
|
|
|
|
Registered Office : |
110, (Front Portion) Jalan Pudu, 2nd Floor, 55100 Kuala Umpur, Wilayah
Persekutuan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
05.12.1975 |
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|
|
|
Com. Reg. No.: |
25504-W |
|
|
|
|
Legal Form : |
Private Limited |
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|
|
|
Line of Business : |
Subject is principally engaged in the trading of
scientific, analytical equipment and laboratory chemicals. |
|
|
|
|
No of Employees : |
120 [2014] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
MYR 3,383,000 (USD 1,128,000) |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Source
: CIA |
|
REGISTRATION NO. |
: |
25504-W |
||||
|
COMPANY NAME |
: |
CHEMOPHARM SDN.
BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
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INCORPORATION DATE |
: |
05/12/1975 |
||||
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|
||||
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|
||||
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COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
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|
||||
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|
||||
|
REGISTERED ADDRESS |
: |
110, (FRONT PORTION) JALAN PUDU, 2ND
FLOOR, 55100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
20, JALAN SS 2/66, S.E.A PARK, 47300
PETALING JAYA, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-78760022 |
||||
|
FAX.NO. |
: |
03-78747958 |
||||
|
EMAIL |
: |
INFO@CHEMOPHARMC.COM.MY |
||||
|
WEB SITE |
: |
WWW.CHEMOPHARM.COM.MY |
||||
|
CONTACT PERSON |
: |
OOI CHUAI AUN ( CEO ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
46593 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF SCIENTIFIC, ANALYTICAL
EQUIPMENT AND LABORATORY CHEMICALS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 10,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 4,903,965.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
MYR 92,780,935 [2013] |
||||
|
NET WORTH |
: |
MYR 28,036,590 [2013] |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
120 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
NO COMPLAINTS |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
HIGH |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
|
PROPOSED CREDIT LIMIT |
: |
MYR 3,383,000 (USD
1,128,000) |
||||
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) trading of scientific, analytical equipment and laboratory chemicals.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Share Capital
History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
30/06/2014 |
MYR 10,000,000.00 |
MYR 4,903,965.00 |
|
16/01/2009 |
MYR 10,000,000.00 |
MYR 4,722,045.00 |
|
25/11/2008 |
MYR 10,000,000.00 |
MYR 4,322,161.00 |
|
29/10/2008 |
MYR 10,000,000.00 |
MYR 3,923,172.00 |
|
16/10/2008 |
MYR 10,000,000.00 |
MYR 1,961,586.00 |
|
04/09/2007 |
MYR 2,000,000.00 |
MYR 1,923,124.00 |
|
19/10/1994 |
MYR 2,000,000.00 |
MYR 1,846,200.00 |
|
05/10/1994 |
MYR 2,000,000.00 |
MYR 1,842,600.00 |
|
05/12/1992 |
MYR 2,000,000.00 |
MYR 1,810,200.00 |
|
25/06/1992 |
MYR 2,000,000.00 |
MYR 1,710,200.00 |
|
30/04/1991 |
MYR 2,000,000.00 |
MYR 1,680,200.00 |
|
28/01/1991 |
MYR 2,000,000.00 |
MYR 1,580,200.00 |
|
10/12/1990 |
MYR 2,000,000.00 |
MYR 1,577,200.00 |
|
06/11/1989 |
MYR 2,000,000.00 |
MYR 1,477,200.00 |
|
30/06/1989 |
MYR 2,000,000.00 |
MYR 1,377,200.00 |
|
15/10/1988 |
MYR 2,000,000.00 |
MYR 1,357,200.00 |
The major shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. OOI CHUAI AUN + |
59, JALAN EKSEKUTIF TIGA, U1/6, GLENMARIE COURT, 40150 SHAH ALAM, SELANGOR, MALAYSIA. |
480126-02-5031 7519676 |
2,499,000.00 |
50.96 |
|
MR. CHEW HENG CHONG |
36, JALAN SS 24/13, TAMAN MEGAH, 47301 PETALING JAYA, SELANGOR, MALAYSIA. |
360701-08-5799 3844797 |
473,184.00 |
9.65 |
|
MS. CHANG FANG CHYI |
39 JALAN USAJ 5/4, EUP, SUBANG JAYA, SELANGOR, 47610 SUBANG JAYA, SELANGOR, MALAYSIA. |
710112-10-6448 A1773206 |
473,184.00 |
9.65 |
|
MS. YAO LILY |
31 JALAN 3/1F, SUBANG JAYA, 47600 SUBANG JAYA, SELANGOR, MALAYSIA. |
500809-01-5874 4059797 |
362,040.00 |
7.38 |
|
MR. CHANG CHEN CHOO @ TEO PUAY KEE |
5, JALAN SS 4D/8, 47301 PETALING JAYA, SELANGOR, MALAYSIA. |
360828-01-5069 4113237 |
362,040.00 |
7.38 |
|
MR. KONG CHEE MUN + |
40, JALAN SS 23/19, TAMAN SEA, 47400 PETALING JAYA, SELANGOR, MALAYSIA. |
600810-08-5747 |
236,592.00 |
4.82 |
|
MS. MOK HUEH MIN |
17 JALAN PJU 3/18C, DAMANSARA INDAH, 47410 PETALING JAYA, SELANGOR, MALAYSIA. |
670102-07-5090 A0609644 |
100,539.00 |
2.05 |
|
MS. LEE PHOOI HAR |
17, JALAN SETIA NUSANTARA, U13/19F, SETIA ALAM, 40170 SHAH ALAM, SELANGOR, MALAYSIA. |
701115-08-5262 A1750614 |
100,539.00 |
2.05 |
|
MR. ROBIN CHEW KENG SIONG @ ROBIN |
74 JALAN TMN SEPUTEH DUA, TMN SEPUTEH, 58000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
670216-10-5745 A0650575 |
100,539.00 |
2.05 |
|
ONG BOO HONG (WANG WUHONG) @ WANG WUHONG |
34, TANAH MERAH KECHIL ROAD, #10-30, 465560, SINGAPORE. |
S0364554A |
94,104.00 |
1.92 |
|
MR. LIM TECK THAI + |
50, JALAN SS 21/16, DAMANSARA UTAMA, 47400 PETALING JAYA, SELANGOR, MALAYSIA. |
470110-02-5089 0124350 |
94,104.00 |
1.92 |
|
KOK CHEE KONG. |
59, JALAN SS 2/25, 47300 PETALING JAYA, SELANGOR, MALAYSIA. |
500820-10-5539 7868767 |
8,100.00 |
0.17 |
|
|
|
|
--------------- |
------ |
|
|
|
|
4,903,965.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
The Subject's interest in other companies (Subsidiaries/Associates) are shown as follow :
Local No |
Country |
Company |
(%) |
As At |
|
200820127Z |
SINGAPORE |
CHEMORESEARCH PTE. LTD. |
100.00 |
31/12/2013 |
|
|
|
|
|
|
|
810006X |
MALAYSIA |
ONE-BIO SDN. BHD. |
100.00 |
31/12/2013 |
|
|
|
|
|
|
|
|
INDONESIA |
P.T. CHEMOSCIENCE INDONESIA |
100.00 |
31/12/2013 |
|
|
|
|
|
|
|
752943P |
MALAYSIA |
CHEMORESEARCH SDN. BHD. |
100.00 |
31/12/2013 |
|
|
|
|
|
|
|
810006X |
MALAYSIA |
ONE-BIO SDN. BHD. |
100.00 |
31/12/2013 |
|
|
|
|
|
|
|
719212V |
MALAYSIA |
CHEMOINFORMATICS SDN. BHD. |
100.00 |
31/12/2013 |
|
|
|
|
|
|
|
608387P |
MALAYSIA |
CHEMOSCIENCE (MALAYSIA) SDN. BHD. |
96.00 |
31/12/2013 |
|
|
|
|
|
|
|
44497M |
MALAYSIA |
CHEMORESOURCES SDN. BHD. |
80.00 |
31/12/2013 |
|
|
|
|
|
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. LIM TECK THAI |
|
Address |
: |
50, JALAN SS 21/16, DAMANSARA UTAMA, 47400
PETALING JAYA, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
0124350 |
|
New IC No |
: |
470110-02-5089 |
|
Date of Birth |
: |
10/01/1947 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/07/1995 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
MR. KONG CHEE MUN |
|
Address |
: |
40, JALAN SS 23/19, TAMAN SEA, 47400
PETALING JAYA, SELANGOR, MALAYSIA. |
|
|
|
|
|
New IC No |
: |
600810-08-5747 |
|
Date of Birth |
: |
10/08/1960 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/07/1995 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
MR. OOI CHUAI AUN |
|
Address |
: |
59, JALAN EKSEKUTIF TIGA, U1/6, GLENMARIE
COURT, 40150 SHAH ALAM, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
7519676 |
|
New IC No |
: |
480126-02-5031 |
|
Date of Birth |
: |
26/01/1948 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
30/12/1978 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) |
Name of Subject |
: |
OOI CHUAI AUN |
|
|
Position |
: |
CEO |
|
|
|
|
|
|
2) |
Name of Subject |
: |
KONG CHEE MUN |
|
|
Position |
: |
SALES DIRECTOR |
|
|
|
|
|
|
3) |
Name of Subject |
: |
ROBIN CHEW |
|
|
Position |
: |
VICE PRESIDENT |
|
Auditor |
: |
WONG YOW SENG & CO. |
|
Auditor' Address |
: |
110, (REAR PORTION) JALAN PUDU, 55100
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
1) |
Company Secretary |
: |
MS. LOW SIEW YING |
|
|
IC / PP No |
: |
7806642 |
|
|
New IC No |
: |
460711-10-5122 |
|
|
Address |
: |
56, JALAN HUJAN GERIMIS 2, TAMAN OVERSEAS UNION,
58200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2) |
Company Secretary |
: |
MR. LEONG YIN CHEE |
|
|
IC / PP No |
: |
3330250 |
|
|
New IC No |
: |
500608-04-5153 |
|
|
Address |
: |
47 JALAN 21/16, S.E.A.PARK, 46300 PETALING
JAYA, SELANGOR, MALAYSIA. |
Banking relations are maintained principally with :
|
1) |
Name |
: |
ALLIANCE BANK MALAYSIA BHD |
|
|
|
|
|
|
|
|
|
|
|
2) |
Name |
: |
CIMB BANK BHD |
|
|
|
|
|
|
|
|
|
|
|
3) |
Name |
: |
UNITED OVERSEAS BANK (MALAYSIA) BHD |
|
|
|
|
|
|
|
|
|
|
|
4) |
Name |
: |
LEE WAH BANK LIMITED |
|
|
|
|
|
|
|
|
|
|
|
5) |
Name |
: |
HONG LEONG BANK BHD |
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
3(BK 66/99) |
03/04/1980 |
2ND SUPPLEMENTAL
DEBENTURE & 2ND CHARGE |
LEE WAH BANK LTD |
MYR 190,000.00 |
Unsatisfied |
|
4(BK 66/99) |
09/12/1981 |
3RD SUPPLEMENTAL
DEBENTURE & 3RD CHARGE |
LEE WAH BANK LTD |
MYR 30,000.00 |
Unsatisfied |
|
5(BK 66/99) |
15/07/1982 |
4TH SUPPLEMENTAL
DEBENTURE & 4TH LEGAL CHARGE |
LEE WAH BANK LTD |
MYR 70,000.00 |
Unsatisfied |
|
6(BK 203/95) |
02/03/1983 |
FIFTH
SUPPLEMENTAL DEBENTURE & 5TH CHARGE & 6TH CHARGE |
LEE WAH BANK LTD |
MYR 350,000.00 |
Unsatisfied |
|
7(BK 203/95) |
02/03/1983 |
1ST AND 2ND
CHARGE |
LEE WAH BANK LTD |
MYR 990,000.00 |
Unsatisfied |
|
8 |
03/08/1984 |
6TH SUPPLEMENTAL
DEBENTURE & 7TH LEGAL CHARGE & 3RD LEGAL CHARGE |
LEE WAH BANK LTD |
MYR 160,000.00 |
Unsatisfied |
|
9 |
13/08/1990 |
ALL MONIES
DEBENTURE |
LEE WAH BANK LTD |
- |
Unsatisfied |
|
10 |
13/08/1990 |
FOURTH LEGAL
CHARGE & EIGHTH LEGAL CHARGE |
LEE WAH BANK LTD |
MYR 400,000.00 |
Unsatisfied |
|
11 |
07/06/1991 |
1ST LEGAL CHARGE |
MALAYSIAN FRENCH BANK BHD |
MYR 520,000.00 |
Unsatisfied |
|
12 |
12/03/1992 |
FIFTH LEGAL
CHARGE |
LEE WAH BANK LTD |
MYR 230,000.00 |
Unsatisfied |
|
13 |
12/03/1992 |
NINETH LEGAL
CHARGE |
LEE WAH BANK LTD |
MYR 230,000.00 |
Unsatisfied |
|
14 |
28/09/1992 |
2ND CHARGE |
MALAYSIAN FRENCH BANK BHD |
MYR 780,000.00 |
Unsatisfied |
|
15 |
23/08/1995 |
FIRST LEGAL
CHARGE |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 2,850,000.00 |
Unsatisfied |
|
18 |
24/07/1997 |
ELEVENTH LEGAL
CHARGE |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 650,000.00 |
Unsatisfied |
|
19 |
24/07/1997 |
SECOND LEGAL
CHARGE |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 650,000.00 |
Unsatisfied |
|
20 |
10/01/2001 |
ALL MONIES
DEBENTURE |
UNITED OVERSEAS BANK MALAYSIA BHD |
- |
Unsatisfied |
|
21 |
10/01/2001 |
THIRD LEGAL
CHARGE |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 500,000.00 |
Unsatisfied |
|
22 |
10/01/2001 |
THIRD LEGAL
CHARGE |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 500.00 |
Unsatisfied |
|
23 |
23/05/2002 |
MEMORANDUM OF
LEGAL CHARGE OVER DEPOSITS |
UNITED OVERSEAS BANK MALAYSIA BHD |
- |
Unsatisfied |
|
24 |
26/06/2002 |
MEMORANDUM OF
LEGAL CHARGE OVER DEPOSITS |
UNITED OVERSEAS BANK MALAYSIA BHD |
- |
Unsatisfied |
|
25 |
07/04/2008 |
4TH LEGAL CHARGE |
UNITED OVERSEAS BANK (MALAYSIA) BHD |
MYR 1,500,000.00 |
Unsatisfied |
|
26 |
07/04/2008 |
13TH LEGAL
CHARGE |
UNITED OVERSEAS BANK (MALAYSIA) BHD |
MYR 1,500,000.00 |
Unsatisfied |
|
27 |
10/12/2008 |
FIXED DEPOSIT |
CIMB BANK BERHAD |
MYR 3,300,000.00 |
Unsatisfied |
|
28 |
18/06/2009 |
FACILITY
AGREEMENT & MEMORANDUM OF DEPOSIT & LETTER OF SET OFF |
ALLIANCE BANK MALAYSIA BHD |
- |
Unsatisfied |
|
29 |
27/01/2010 |
TERM LOAN
AGREEMENT & MEMORANDUM OF DEPOSIT & LETTER OF SET OFF |
ALLIANCE BANK MALAYSIA BHD |
- |
Unsatisfied |
|
30 |
01/12/2011 |
MEMORANDUM OF
DEPOSIT |
CIMB BANK BERHAD |
MYR 1,500,000.00 |
Unsatisfied |
|
31 |
04/02/2013 |
FOURTEENTH LEGAL
CHARGE |
UNITED OVERSEAS BANK (MALAYSIA) BHD |
MYR 3,260,000.00 |
Unsatisfied |
|
32 |
04/02/2013 |
FIFTH LEGAL
CHARGE |
UNITED OVERSEAS BANK (MALAYSIA) BHD |
MYR 3,260,000.00 |
Unsatisfied |
|
33 |
06/03/2013 |
FIFTEENTH LEGAL
CHARGE |
UNITED OVERSEAS BANK (MALAYSIA) BHD |
MYR 940,000.00 |
Unsatisfied |
|
34 |
06/03/2013 |
SIXTH LEGAL
CHARGE |
UNITED OVERSEAS BANK (MALAYSIA) BHD |
MYR 940,000.00 |
Unsatisfied |
|
35 |
19/11/2013 |
FACILITIES
AGREEMENT & LETTER OF SET OFF |
HONG LEONG BANK BHD |
- |
Unsatisfied |
* A check has been conducted in our databank againt 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.
* 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.
No blacklisted record & debt collection case was found in our defaulters'
databank.
|
SOURCES OF RAW MATERIALS: |
|
||||
|
Local |
: |
NO |
Percentage |
: |
0% |
|
Overseas |
: |
YES |
Percentage |
: |
100% |
|
Import Countries |
: |
UNITED STATES,FRANCE,ITALY,GERMANY |
|||
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 |
[ |
|
] |
|
|
Fair 91-120 Days |
[ |
X |
] |
|
Poor >120 Days |
[ |
|
] |
|
|
|
|
|
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
|
Domestic Markets |
: |
MALAYSIA |
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Overseas |
: |
NO |
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Credit Term |
: |
30 - 60 DAYS |
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Payment Mode |
: |
CHEQUES |
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Type of Customer |
: |
LABORATORIES |
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CUSTOMER(S) |
: |
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Goods Traded |
: |
SCIENTIFIC, ANALYTICAL EQUIPMENT AND
LABORATORY CHEMICALS
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Ownership of premises |
: |
OWNED
|
|
Total Number of Employees: |
|
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|
YEAR |
2014 |
2012 |
2011 |
2010 |
2009 |
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GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
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COMPANY |
120 |
130 |
130 |
130 |
140 |
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Branch |
: |
YES
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of scientific,
analytical equipment and laboratory chemicals.
The Subject's range of products consists of some of world's leading scientific
equipment and reagents.
These includes Analytical, Clinical Diagnostic, Life Science, Lab Furniture
System and Water Treatment.
The Subject also has been a pioneer in introducing new instrument techniques
and research tools into the region by organising seminars and workshops with
scientists and engineers from overseas universities, hospitals and
manufacturers.
Besides that the Subject also provides after sales services to its
customers.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-78760022 |
|
Match |
: |
N/A |
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Address Provided by Client |
: |
NO 20, JALAN SS 2/66,47300,PETALING
JAYA,SELANGOR. |
|
Current Address |
: |
20, JALAN SS 2/66, S.E.A PARK, 47300
PETALING JAYA, SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
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|
|
|
Latest Financial Accounts |
: |
YES |
Other
Investigations
We contacted one of the staff from the Subject and she provided some
information.
The address provided is incomplete.
|
Profitability |
|
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|
Turnover |
: |
Erratic |
[ |
2009 - 2013 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2009 - 2013 |
] |
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|
Return on Shareholder Funds |
: |
Acceptable |
[ |
17.10% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
27.57% |
] |
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The fluctuating turnover reflects the
fierce competition among the existing and new market players.The higher
profit could be attributed to the increase in turnover. The Subject's
management had generated acceptable return for its shareholders using its assets. |
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Working Capital
Control |
|
|
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|
|
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|
Stock Ratio |
: |
Favourable |
[ |
52 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
94 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
62 Days |
] |
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|
The Subject's stocks were moving fast thus
reducing its holding cost. This had reduced funds being tied up in stocks.
The Subject's debtors ratio was high. The Subject should tighten its credit
control and improve its collection period. The unfavourable creditors' ratio
could be due to the Subject taking advantage of the credit granted by its
suppliers. However this may affect the goodwill between the Subject and its
suppliers and the Subject may inadvertently have to pay more for its future
supplies. |
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Liquidity |
|
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|
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|
Liquid Ratio |
: |
Favourable |
[ |
1.11 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.42 Times |
] |
|
|
|
|
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|
|
A minimum liquid ratio of 1 should be maintained
by the Subject in order to assure its creditors of its ability to meet short
term obligations and the Subject was in a good liquidity position. Thus, we
believe the Subject is able to meet all its short term obligations as and
when they fall due. |
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Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Acceptable |
[ |
5.53 Times |
] |
|
|
Gearing Ratio |
: |
Acceptable |
[ |
0.83 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's interest cover was slightly low. If there is no sharp
fall in its profit or sudden increase in the interest rates, we believe the
Subject is able to generate sufficient income to service its interest and
repay the loans. The Subject's gearing was slightly high. The Subject is
utilising the leverage concept to fund its expansion. However, the high
gearing has added financial risks to the Subject. It will be more vulnerable
in times of economy downturn. |
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Overall Assessment : |
|
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|
|
Although the turnover was erratic, the Subject had maintained a steady
growth in its profit. This indicate the management's efficiency in controlling
its costs and profitability. The Subject was in good liquidity position with
its total current liabilities well covered by its total current assets. With
its current net assets, the Subject should be able to repay its short term
obligations. The Subject had an acceptable interest cover. If there is no
sudden sharp increase in interest rate or fall in the Subject's profit, we do
believe the Subject is able to generate sufficient cash flow to service its
interest payment. The Subject's gearing was slightly high and its financial
risk was also high. If no plans are made to reduce its gearing, the Subject's
performance may deteriorate in the coming year. |
||||||
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|
|
|
|
|
|
|
Overall
financial condition of the Subject : FAIR |
||||||
|
Major Economic
Indicators: |
2011 |
2012 |
2013 |
2014* |
2015** |
|
|
|
|
|
|
|
|
Population ( Million) |
28.7 |
29.3 |
29.8 |
30.3 |
30.5 |
|
Gross Domestic
Products ( % ) |
5.1 |
5.6 |
5.3 |
6.0 |
6.0 |
|
Domestic Demand ( % ) |
8.2 |
9.4 |
5.6 |
6.4 |
6.2 |
|
Private
Expenditure ( % ) |
8.2 |
8.0 |
8.6 |
7.9 |
6.9 |
|
Consumption ( % ) |
7.1 |
1.0 |
5.7 |
6.5 |
5.6 |
|
Investment ( % ) |
12.2 |
11.7 |
13.3 |
12.0 |
10.7 |
|
Public Expenditure
( % ) |
8.4 |
13.3 |
4.4 |
2.3 |
4.2 |
|
Consumption ( % ) |
16.1 |
11.3 |
(1.2) |
2.1 |
3.8 |
|
Investment ( % ) |
(0.3) |
15.9 |
4.2 |
2.6 |
4.7 |
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million ) |
116,058 |
106,300 |
71,298 |
52,314 |
- |
|
Government Finance ( MYR Million ) |
(45,511) |
(42,297) |
(39,993) |
(37,291) |
- |
|
Government
Finance to GDP / Fiscal Deficit ( % ) |
(5.4) |
(4.5) |
(4.0) |
(3.5) |
(3.0) |
|
Inflation ( % Change in Composite CPI) |
3.1 |
1.6 |
2.5 |
3.3 |
4.0 |
|
Unemployment Rate |
3.3 |
3.2 |
3.0 |
3.0 |
3.0 |
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion ) |
415 |
427 |
- |
417 |
- |
|
Average Risk-Weighted Capital Adequacy
Ratio ( % ) |
3.50 |
2.20 |
- |
- |
- |
|
Average 3 Months
of Non-performing Loans ( % ) |
14.80 |
14.70 |
- |
- |
- |
|
Average Base Lending Rate ( % ) |
6.60 |
6.53 |
6.53 |
- |
- |
|
Business Loans Disbursed( % ) |
15.3 |
32.2 |
- |
- |
- |
|
Foreign Investment ( MYR Million ) |
23,546.1 |
26,230.4 |
38,238.0 |
- |
- |
|
Consumer Loans ( % ) |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Registration of
New Companies ( No. ) |
45,455 |
45,441 |
46,321 |
- |
- |
|
Registration of New Companies ( % ) |
3.0 |
(0.0) |
1.9 |
- |
- |
|
Liquidation of
Companies ( No. ) |
132,485 |
17,092 |
26,430 |
- |
- |
|
Liquidation of Companies ( % ) |
417.8 |
(87.1) |
54.6 |
- |
- |
|
|
|
|
|
|
|
|
Registration of
New Business ( No. ) |
284,598 |
324,761 |
329,895 |
- |
- |
|
Registration of New Business ( % ) |
5.0 |
14.0 |
2.0 |
- |
- |
|
Business
Dissolved ( No. ) |
20,121 |
20,380 |
18,161 |
- |
- |
|
Business Dissolved ( % ) |
1.9 |
1.3 |
(10.9) |
- |
- |
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit ) |
535.1 |
552.2 |
576.7 |
598.4 |
610.3 |
|
Cellular Phone Subscribers ( Million ) |
35.3 |
38.5 |
43.0 |
43.8 |
- |
|
Tourist Arrival ( Million Persons ) |
24.7 |
25.0 |
25.7 |
28.0 |
- |
|
Hotel Occupancy Rate ( % ) |
60.6 |
62.4 |
62.6 |
- |
- |
|
|
|
|
|
|
|
|
Credit Cards Spending ( % ) |
15.6 |
12.6 |
- |
- |
- |
|
Bad Cheque Offenders (No.) |
32,627 |
26,982 |
28,876 |
- |
- |
|
Individual Bankruptcy ( No.) |
19,167 |
19,575 |
21,984 |
- |
- |
|
Individual Bankruptcy ( % ) |
5.8 |
2.1 |
12.3 |
- |
- |
|
INDUSTRIES ( %
of Growth ): |
2011 |
2012 |
2013 |
2014* |
2015** |
|
|
|
|
|
|
|
|
Agriculture |
5.8 |
1.0 |
2.1 |
3.8 |
3.1 |
|
Palm Oil |
10.8 |
(0.3) |
2.6 |
6.7 |
- |
|
Rubber |
6.1 |
(7.9) |
(10.1) |
(10.4) |
- |
|
Forestry & Logging |
(7.6) |
(4.5) |
(7.8) |
(4.2) |
- |
|
Fishing |
2.1 |
4.3 |
1.6 |
2.7 |
- |
|
Other Agriculture |
7.1 |
6.4 |
8.2 |
6.2 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
634.1 |
- |
- |
- |
- |
|
% of Industry
Non-Performing Loans |
3.2 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Mining |
(5.4) |
1.4 |
0.9 |
(0.8) |
2.8 |
|
Oil & Gas |
(1.7) |
- |
- |
- |
- |
|
Other Mining |
- |
- |
- |
- |
- |
|
Industry
Non-performing Loans ( MYR Million ) |
46.5 |
- |
- |
- |
- |
|
% of Industry
Non-performing Loans |
0.1 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Manufacturing # |
4.7 |
4.8 |
3.4 |
6.6 |
5.5 |
|
Exported-oriented
Industries |
4.1 |
6.5 |
3.3 |
5.6 |
- |
|
Electrical & Electronics |
(4.0) |
12.7 |
6.9 |
13.3 |
- |
|
Rubber Products |
20.7 |
3.0 |
11.7 |
(0.3) |
- |
|
Wood Products |
(5.1) |
8.7 |
(2.7) |
5.1 |
- |
|
Textiles & Apparel |
13.2 |
(7.1) |
(2.6) |
11.5 |
- |
|
Domestic-oriented
Industries |
10.7 |
1.7 |
6.8 |
9.4 |
- |
|
Food, Beverages & Tobacco |
4.80 |
2.70 |
3.60 |
6.13 |
6.13 |
|
Chemical & Chemical Products |
10.0 |
10.8 |
5.6 |
- |
- |
|
Plastic Products |
3.8 |
- |
- |
- |
- |
|
Iron & Steel |
2.2 |
(6.6) |
5.0 |
0.1 |
- |
|
Fabricated Metal Products |
21.8 |
13.8 |
9.9 |
2.9 |
- |
|
Non-metallic Mineral |
12.1 |
2.9 |
(2.0) |
5.4 |
- |
|
Transport Equipment |
12.0 |
3.4 |
13.8 |
22.9 |
- |
|
Paper & Paper Products |
9.5 |
3.1 |
1.8 |
4.7 |
- |
|
Crude Oil Refineries |
9.3 |
- |
- |
- |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
6,537.2 |
- |
- |
- |
- |
|
% of Industry Non-Performing
Loans |
25.7 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Construction |
4.7 |
18.6 |
10.9 |
12.7 |
10.7 |
|
Industry Non-Performing Loans ( MYR
Million ) |
3,856.9 |
- |
- |
- |
- |
|
% of Industry
Non-Performing Loans |
10.2 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Services |
7.1 |
6.4 |
5.9 |
5.9 |
5.6 |
|
Electric, Gas & Water |
3.5 |
4.4 |
4.2 |
3.6 |
3.9 |
|
Transport, Storage & Communication |
6.50 |
7.10 |
7.30 |
7.50 |
7.15 |
|
Wholesale, Retail, Hotel & Restaurant |
5.2 |
4.7 |
5.9 |
6.9 |
6.5 |
|
Finance, Insurance & Real Estate |
6.90 |
9.70 |
3.70 |
4.65 |
4.25 |
|
Government Services |
12.4 |
9.4 |
8.3 |
6.1 |
5.6 |
|
Other Services |
5.1 |
3.9 |
5.1 |
4.8 |
4.5 |
|
Industry
Non-Performing Loans ( MYR Million ) |
6,825.2 |
- |
- |
- |
- |
|
% of Industry
Non-Performing Loans |
23.4 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Estimate / Preliminary |
|
|
|
|
|
|
** Forecast |
|
|
|
|
|
|
# Based On Manufacturing Production
Index |
|||||
|
MSIC CODE |
|
|
46593 : Wholesale of computer-controlled
machines tools |
|
|
|
|
|
INDUSTRY : |
MACHINERY |
|
|
|
|
|
|
|
Malaysia is presently the leading manufacturer of automation machinery
and equipment (M&E) in the ASEAN region with a total of 22 companies in
production. The machinery and equipment industry has expanded and produce a
diverse range of machinery which give importance to the overall industrial
development of the country, due to its cross cutting linkages with all
industrial sectors. |
|
|
|
|
|
Growth of the domestic-oriented industries such as machinery and
transportation equipment is expected to remain favourable in 2014, in line
with resilient domestic consumption and robust private investment. However,
the output of general-purpose machinery decreased 8.8% in the first seven
moths of 2014 (January - July 2013: -1.8%) due to the decline in manufacture
of air-conditioning machine (-17.9%) as well as lifting and handling
equipment (-8.2%). |
|
|
|
|
|
Besides, shipments of machinery, appliances and parts continued to
expand rapidly by 12.5% in the first seven months of 2014 (January - July
2013: 1.4%) with stronger demand from Singapore, the US, China and Australia.
Growth was mainly contributed by specialized machinery for specific
industries (16.3%), particularly for civil engineering and manufacture of
semiconductors as well as general industrial machinery and equipment (9.2%)
such as heating and cooling equipment and parts as well as mechanical handling
equipment and parts. |
|
|
|
|
|
According to the World Bank's Doing Business 2014 Report, Malaysia
improved to 15th from 25th position in the 2014 Foreign Direct Investment
Confidence Index, with highlighted Malaysia's efforts in building its
competitive position in electronics, automotive, and machinery manufacturing
to move up the value chain into high technology and skill-intensive segments. |
|
|
|
|
|
The Government has identified the M&E industry to be one of the
key areas for growth and development. The growth will focus on the
manufacture of high value-added and high technology M&E. For the further
development of the M&E industry, six strategic thrusts have been set during
the Third Industrial Master Plan (IMP3), 2006 - 2020 period:- |
|
|
- Promoting Malaysia as a regional production, trading and
distribution centre for M&E |
|
|
- Rising the development and promotion of selected specialized and
high technology M&E |
|
|
- Strengthening the engineering support industries and support
services |
|
|
- Developing Malaysian Standards for machinery and equipment |
|
|
- Developing sufficient highly skilled workforce |
|
|
- Strengthening the institutional support for the further development
of the industry |
|
|
|
|
|
OVERALL INDUSTRY
OUTLOOK : Average Growth |
|
|
|
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
CHEMOPHARM SDN.
BHD. |
|
Financial Year End |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
GROUP |
|
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 |
92,780,935 |
7,570,078 |
79,357,785 |
66,879,363 |
63,359,325 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
92,780,935 |
7,570,078 |
79,357,785 |
66,879,363 |
63,359,325 |
|
Costs of Goods Sold |
(54,476,564) |
(42,553,862) |
(44,656,386) |
(39,748,282) |
(37,671,508) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Gross Profit |
38,304,371 |
(34,983,784) |
34,701,399 |
27,131,081 |
25,687,817 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
6,791,812 |
3,509,405 |
6,184,381 |
3,377,856 |
4,178,814 |
|
SHARE OF PROFITS/(LOSSES) OF ASSOCIATED
COMPANIES |
(100,940) |
(13,160) |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
6,690,872 |
3,496,245 |
6,184,381 |
3,377,856 |
4,178,814 |
|
Taxation |
(1,858,169) |
(1,210,208) |
(1,793,832) |
(1,081,128) |
(1,192,185) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
4,832,703 |
2,286,037 |
4,390,549 |
2,296,728 |
2,986,629 |
|
Minority interests |
(35,059) |
4,924 |
(291,093) |
(129,591) |
(165,172) |
|
Pre-acquisition profit/(loss) |
(3,943) |
(6,953) |
- |
- |
62,174 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
4,793,701 |
2,284,008 |
4,099,456 |
2,167,137 |
2,883,631 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
4,793,701 |
2,284,008 |
4,099,456 |
2,167,137 |
2,883,631 |
|
RETAINED PROFIT/(LOSS)
BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
14,286,890 |
12,241,950 |
8,805,585 |
7,216,991 |
4,801,803 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
14,286,890 |
12,241,950 |
8,805,585 |
7,216,991 |
4,801,803 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
19,080,591 |
14,525,958 |
12,905,041 |
9,384,128 |
7,685,434 |
|
TRANSFER TO RESERVES - General |
- |
- |
(424,023) |
(339,475) |
(229,375) |
|
DIVIDENDS - Ordinary (paid & proposed) |
(318,758) |
(239,068) |
(239,068) |
(239,068) |
(239,068) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
18,761,833 |
14,286,890 |
12,241,950 |
8,805,585 |
7,216,991 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
|
|
|
|
Bank overdraft |
340,182 |
285,273 |
191,564 |
111,186 |
93,439 |
|
Bankers' acceptance |
403,459 |
350,986 |
313,336 |
257,354 |
230,692 |
|
Hire purchase |
49,403 |
45,669 |
47,015 |
70,087 |
76,278 |
|
Lease interest |
12,061 |
10,059 |
4,728 |
7,278 |
28,921 |
|
Term loan / Borrowing |
144,238 |
192,080 |
126,374 |
113,683 |
- |
|
Trust receipts |
528,874 |
509,506 |
587,116 |
424,534 |
425,479 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,478,217 |
1,393,573 |
1,270,133 |
984,122 |
854,809 |
|
|
============= |
============= |
============= |
============= |
============= |
|
CHEMOPHARM SDN.
BHD. |
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
10,033,959 |
9,633,653 |
8,515,948 |
6,586,064 |
6,751,919 |
|
|
|
|
|
|
|
|
Associated companies |
347,445 |
1,348 |
143 |
429 |
1,217 |
|
Investments |
79,296 |
79,511 |
79,726 |
79,965 |
80,131 |
|
Deferred assets |
1,110,909 |
1,240,121 |
910,706 |
817,396 |
502,031 |
|
Others |
- |
- |
- |
10,290 |
41,580 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
1,537,650 |
1,320,980 |
990,575 |
908,080 |
624,959 |
|
|
|
|
|
|
|
|
Trademarks |
5,885 |
5,885 |
900 |
900 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL INTANGIBLE ASSETS |
5,885 |
5,885 |
900 |
900 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
11,577,494 |
10,960,518 |
9,507,423 |
7,495,044 |
7,376,878 |
|
|
|
|
|
|
|
|
Stocks |
13,234,137 |
15,654,156 |
14,095,571 |
11,365,588 |
8,519,807 |
|
Trade debtors |
23,822,703 |
18,332,208 |
24,256,373 |
15,301,942 |
19,175,216 |
|
Other debtors, deposits & prepayments |
6,071,888 |
6,705,820 |
7,257,736 |
5,411,593 |
3,425,905 |
|
Short term deposits |
13,246,218 |
11,348,628 |
9,600,760 |
8,985,292 |
6,320,055 |
|
Amount due from director |
- |
- |
- |
178,768 |
291,405 |
|
Cash & bank balances |
4,607,693 |
2,495,460 |
2,337,133 |
2,542,963 |
2,486,205 |
|
Others |
3,000 |
85,868 |
69,733 |
53,724 |
20,642 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
60,985,639 |
54,622,140 |
57,617,306 |
43,839,870 |
40,239,235 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
72,563,133 |
65,582,658 |
67,124,729 |
51,334,914 |
47,616,113 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Trade creditors |
9,306,793 |
9,889,406 |
10,118,355 |
8,785,525 |
10,192,653 |
|
Other creditors & accruals |
6,114,724 |
5,797,378 |
6,316,281 |
6,069,228 |
4,930,756 |
|
Hire purchase & lease creditors |
172,130 |
130,564 |
- |
- |
- |
|
Bank overdraft |
2,020,464 |
4,619,527 |
5,088,514 |
1,880,296 |
732,331 |
|
Short term borrowings/Term loans |
960,666 |
889,580 |
715,752 |
349,590 |
617,683 |
|
Other borrowings |
9,471,412 |
7,775,734 |
9,436,793 |
6,760,947 |
6,880,086 |
|
Bill & acceptances payable |
9,472,000 |
8,255,000 |
7,607,000 |
4,997,000 |
5,224,000 |
|
Amounts owing to director |
4,158,501 |
1,345,883 |
821,228 |
- |
- |
|
Provision for taxation |
995,057 |
307,973 |
942,258 |
532,864 |
950,143 |
|
Lease payables |
257,669 |
129,877 |
- |
- |
- |
|
Other liabilities |
- |
- |
390,245 |
647,482 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
42,929,416 |
39,140,922 |
41,436,426 |
30,022,932 |
29,527,652 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
18,056,223 |
15,481,218 |
16,180,880 |
13,816,938 |
10,711,583 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
29,633,717 |
26,441,736 |
25,688,303 |
21,311,982 |
18,088,461 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
4,903,965 |
4,903,965 |
4,903,965 |
4,903,965 |
4,903,965 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
4,903,965 |
4,903,965 |
4,903,965 |
4,903,965 |
4,903,965 |
|
|
|
|
|
|
|
|
RESERVES |
|
|
|
|
|
|
Share premium |
1,233,327 |
1,233,327 |
1,233,327 |
1,233,327 |
1,233,327 |
|
Capital reserve |
400,500 |
400,500 |
400,500 |
400,500 |
400,500 |
|
Revaluation reserve |
1,983,521 |
1,983,521 |
1,983,521 |
1,983,521 |
1,983,521 |
|
Exchange equalisation/fluctuation reserve |
21,425 |
42,102 |
3,693 |
1,521 |
- |
|
Retained profit/(loss) carried forward |
18,761,833 |
14,286,890 |
12,241,950 |
8,805,585 |
7,216,991 |
|
Capital redemption reserve |
- |
- |
992,873 |
568,850 |
229,375 |
|
Others |
459,822 |
437,918 |
502,537 |
502,537 |
502,537 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
22,860,428 |
18,384,258 |
17,358,401 |
13,495,841 |
11,566,251 |
|
|
|
|
|
|
|
|
MINORITY INTEREST |
272,197 |
1,119,314 |
1,093,222 |
812,254 |
713,036 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
28,036,590 |
24,407,537 |
23,355,588 |
19,212,060 |
17,183,252 |
|
|
|
|
|
|
|
|
Long term loans |
418,995 |
1,379,548 |
289,427 |
384,689 |
629,741 |
|
Other long term borrowings |
790,523 |
177,886 |
1,636,883 |
1,442,600 |
- |
|
Deferred taxation |
387,609 |
476,765 |
406,405 |
272,633 |
275,468 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
1,597,127 |
2,034,199 |
2,332,715 |
2,099,922 |
905,209 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
29,633,717 |
26,441,736 |
25,688,303 |
21,311,982 |
18,088,461 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CHEMOPHARM SDN.
BHD. |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Cash |
17,853,911 |
13,844,088 |
11,937,893 |
11,528,255 |
8,806,260 |
|
Net Liquid Funds |
6,361,447 |
969,561 |
(757,621) |
4,650,959 |
2,849,929 |
|
Net Liquid Assets |
4,822,086 |
(172,938) |
2,085,309 |
2,451,350 |
2,191,776 |
|
Net Current Assets/(Liabilities) |
18,056,223 |
15,481,218 |
16,180,880 |
13,816,938 |
10,711,583 |
|
Net Tangible Assets |
29,627,832 |
26,435,851 |
25,687,403 |
21,311,082 |
18,088,461 |
|
Net Monetary Assets |
3,224,959 |
(2,207,137) |
(247,406) |
351,428 |
1,286,567 |
|
BALANCE SHEET
ITEMS |
|
|
|
|
|
|
Total Borrowings |
23,306,190 |
23,227,839 |
24,774,369 |
15,815,122 |
14,083,841 |
|
Total Liabilities |
44,526,543 |
41,175,121 |
43,769,141 |
32,122,854 |
30,432,861 |
|
Total Assets |
72,563,133 |
65,582,658 |
67,124,729 |
51,334,914 |
47,616,113 |
|
Net Assets |
29,633,717 |
26,441,736 |
25,688,303 |
21,311,982 |
18,088,461 |
|
Net Assets Backing |
28,036,590 |
24,407,537 |
23,355,588 |
19,212,060 |
17,183,252 |
|
Shareholders' Funds |
28,036,590 |
24,407,537 |
23,355,588 |
19,212,060 |
17,183,252 |
|
Total Share Capital |
4,903,965 |
4,903,965 |
4,903,965 |
4,903,965 |
4,903,965 |
|
Total Reserves |
22,860,428 |
18,384,258 |
17,358,401 |
13,495,841 |
11,566,251 |
|
LIQUIDITY
(Times) |
|
|
|
|
|
|
Cash Ratio |
0.42 |
0.35 |
0.29 |
0.38 |
0.30 |
|
Liquid Ratio |
1.11 |
1.00 |
1.05 |
1.08 |
1.07 |
|
Current Ratio |
1.42 |
1.40 |
1.39 |
1.46 |
1.36 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
|
|
|
|
Stock Ratio |
52 |
755 |
65 |
62 |
49 |
|
Debtors Ratio |
94 |
884 |
112 |
84 |
110 |
|
Creditors Ratio |
62 |
85 |
83 |
81 |
99 |
|
SOLVENCY RATIOS
(Times) |
|
|
|
|
|
|
Gearing Ratio |
0.83 |
0.95 |
1.06 |
0.82 |
0.82 |
|
Liabilities Ratio |
1.59 |
1.69 |
1.87 |
1.67 |
1.77 |
|
Times Interest Earned Ratio |
5.53 |
3.51 |
5.87 |
4.43 |
5.89 |
|
Assets Backing Ratio |
6.04 |
5.39 |
5.24 |
4.35 |
3.69 |
|
PERFORMANCE
RATIO (%) |
|
|
|
|
|
|
Operating Profit Margin |
7.21 |
46.19 |
7.79 |
5.05 |
6.60 |
|
Net Profit Margin |
5.17 |
30.17 |
5.17 |
3.24 |
4.55 |
|
Return On Net Assets |
27.57 |
18.49 |
29.02 |
20.47 |
27.83 |
|
Return On Capital Employed |
25.45 |
15.13 |
23.39 |
18.17 |
25.77 |
|
Return On Shareholders' Funds/Equity |
17.10 |
9.36 |
17.55 |
11.28 |
16.78 |
|
Dividend Pay Out Ratio (Times) |
0.07 |
0.10 |
0.06 |
0.11 |
0.08 |
|
NOTES TO
ACCOUNTS |
|
|
|
|
|
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
|
1 |
Rs.96.37 |
|
Euro |
1 |
Rs.76.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
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.