|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
BP HEYAP LEYONG
SDN. BHD. |
|
|
|
|
Registered Office : |
19A, Jalan Penjaja 3, KIM'S Park Business Centre, 83000 BATU Pahat, Johor, |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
05.01.2004 |
|
|
|
|
Com. Reg. No.: |
638694-V |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of food and sundry goods |
|
|
|
|
No. of Employees : |
05 (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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
|
REGISTRATION NO. |
: |
638694-V |
||||
|
COMPANY NAME |
: |
BP HEYAP LEYONG SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
05/01/2004 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
19A, JALAN PENJAJA 3, KIM'S PARK BUSINESS CENTRE, 83000 BATU PAHAT, JOHOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
26-1, JALAN SHAHBANDAR, 83000 BATU PAHAT, JOHOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
07-4341234 |
||||
|
FAX.NO. |
: |
07-4316227 |
||||
|
CONTACT PERSON |
: |
CHOO YING HWA ( MANAGING DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
46329 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF FOOD AND SUNDRY GOODS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 500,000.00 DIVIDED
INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 300,000.00 DIVIDED
INTO |
||||
|
SALES |
: |
MYR 10,221,309 [2011] |
||||
|
NET WORTH |
: |
MYR 2,238,547 [2011] |
||||
|
STAFF STRENGTH |
: |
5 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
HIGH |
||||
|
CURRENCY EXPOSURE |
: |
N/A |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
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 food and sundry goods.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
. the
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
15/02/2013 |
MYR 500,000.00 |
MYR 300,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. CHOO YING HWA + |
NO. 34, JALAN PERDANA 2/38, TAMAN BUKIT PERDANA 2, 83000 BATU PAHAT, JOHOR, MALAYSIA. |
550617-01-5517 4810030 |
180,000.00 |
60.00 |
|
MS. TAN SOCK KHENG + |
NO. 34, JALAN PERDANA 2/38, TAMAN BUKIT PERDANA 2, 83000 BATU PAHAT, JOHOR, MALAYSIA. |
550614-01-5968 4930653 |
90,000.00 |
30.00 |
|
MR. CHUA BOON HEAN + |
D-9 JALAN PANTAI, 83000 BATU PAHAT JOHOR, MALAYSIA. |
760827-01-7217 A3436439 |
30,000.00 |
10.00 |
|
--------------- |
------ |
|||
|
300,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. CHUA BOON HEAN |
|
Address |
: |
D-9 JALAN PANTAI, 83000 BATU PAHAT JOHOR, MALAYSIA. |
|
IC / PP No |
: |
A3436439 |
|
New IC No |
: |
760827-01-7217 |
|
Date of Birth |
: |
27/08/1976 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
05/01/2004 |
DIRECTOR 2
|
Name Of Subject |
: |
MS. TAN SOCK KHENG |
|
Address |
: |
NO. 34, JALAN PERDANA 2/38, TAMAN BUKIT PERDANA 2, 83000 BATU PAHAT, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
4930653 |
|
New IC No |
: |
550614-01-5968 |
|
Date of Birth |
: |
14/06/1955 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
05/01/2004 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. CHOO YING HWA |
|
Address |
: |
NO. 34, JALAN PERDANA 2/38, TAMAN BUKIT PERDANA 2, 83000 BATU PAHAT, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
4810030 |
|
New IC No |
: |
550617-01-5517 |
|
Date of Birth |
: |
17/06/1955 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
05/01/2003 |
|
1) |
Name of Subject |
: |
CHOO YING HWA |
|
Position |
: |
MANAGING DIRECTOR |
|
|
Auditor |
: |
SU SIN & CO |
|
Auditor' Address |
: |
38A-1, JALAN ORCHARDS HEIGHT 1, TAMAN ORCHARD HEIGHTS, 83000 BATU PAHAT, JOHOR, MALAYSIA. |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MR. TAN SUI CHEE |
|
IC / PP No |
: |
A0437802 |
|
|
New IC No |
: |
660628-01-6037 |
|
|
Address |
: |
NO. 28, BLOK D, JALAN DURIAN, 86000 KLUANG, JOHOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
ENCUMBRANCE
(S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
21/11/2006 |
N/A |
OCBC BANK (MALAYSIA) BHD |
- |
Unsatisfied |
|
2 |
21/11/2006 |
N/A |
OCBC BANK (MALAYSIA) BHD |
- |
Unsatisfied |
|
3 |
22/04/2008 |
N/A |
OCBC BANK (MALAYSIA) BHD |
- |
Satisfied |
|
4 |
08/08/2008 |
N/A |
OCBC BANK (MALAYSIA) BHD |
- |
Unsatisfied |
|
5 |
27/04/2012 |
N/A |
OCBC BANK (MALAYSIA) BHD |
- |
Unsatisfied |
|
6 |
24/10/2012 |
N/A |
OCBC AL-AMIN BANK BERHAD |
- |
Unsatisfied |
LEGAL
CHECK AGAINST SUBJECT
|
* 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.
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 |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its suppliers.
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CASH |
|||
OPERATIONS
|
|
Goods Traded |
: |
FOOD AND SUNDRY GOODS |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2013 |
2012 |
||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
||||||
|
COMPANY |
5 |
5 |
5 |
||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of food and
sundry goods.
The Subject sells sundry good and foodstuff.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
07-4341234 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
NO. 26-1, JALAN SHAHBANDAR, BAFU PAHAT, JOHOR 83000 |
|
Current Address |
: |
26-1, JALAN SHAHBANDAR, 83000 BATU PAHAT, JOHOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
NO |
Other Investigations
we contacted one of the staff
from the Subject and she provided some information.
The address provided is incorrect.
FINANCIAL
ANALYSIS
|
|
The Subject's latest financial accounts are up to 2011 which is out dated in our opinion. Therefore, our comment on the Subject financial performance is restricted thereto. |
||||||
|
Overall financial condition of the Subject : N/A |
||||||
|
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 |
INDUSTRY
ANALYSIS
|
|
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. |
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|
The wholesale and retail trade sector grew 6.1% in the first half of the year 2012 driven by strong domestic consumption and the increasing number of large format stores operating in Malaysia, including 180 foreign hypermarkets, superstores and departmental stores as at end of August 2012. In addition, other indicators such as imports of consumption goods were higher by 15.2%. |
|
|
In 2012, the wholesale and retail trade sector growth to 5.5% driven by higher consumption which benefited from Government initiatives under the 2012 Budget such as BR1M, Baucar Buku 1Malaysia (BB1M) and the RM100 assistance for all primary and secondary school students. The performance of the sector will also be supported by ongoing efforts to modernise the retail segment under the ETP. In 2012, 500 retail shops and 50 workshops are targeted to be modernised under the Retail Shop Transformation (TUKAR) and Automotive Workshop Modernisation (ATOM) programmes, respectively. As at end of July 2012, 95 workshops have been modernised, surpassing the yearly target, while 393 retail shops have been modernised. |
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Growth of the sector is anticipated to remain encouraging with ongoing efforts by the Government to increase its contribution to the economy. Major initiatives include increasing the number of large format stores such as hypermarkets, superstores and departmental stores are carried out to boost the economy. |
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|
Over 60% of Gross Domestic Product (GDP) is contributed by domestic consumption, therefore the wholesale and retail sector plays a crucial role in driving Malaysia's growth over the next decade despite the ongoing global economic slowdown. By 2020, Malaysia's wholesale and retail sector is expected to boost the country's total Gross National Income (GNI) by RM156 billion, creating 454,190 new jobs. |
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|
OVERALL INDUSTRY OUTLOOK : Average Growth |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE
WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
BP HEYAP LEYONG SDN. BHD. |
|
Financial Year End |
2011-12-31 |
|
Months |
12 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
|
Financial Type |
SUMMARY |
|
Currency |
MYR |
|
TURNOVER |
10,221,309 |
|
---------------- |
|
|
Total Turnover |
10,221,309 |
|
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
295,583 |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
295,583 |
|
Taxation |
(71,534) |
|
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
224,049 |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
As previously reported |
1,714,498 |
|
---------------- |
|
|
As restated |
1,714,498 |
|
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
1,938,547 |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
1,938,547 |
|
============= |
|
BALANCE
SHEET
|
|
BP HEYAP LEYONG SDN. BHD. |
|
ASSETS EMPLOYED: |
|
|
FIXED ASSETS |
851,228 |
|
---------------- |
|
|
TOTAL LONG TERM ASSETS |
851,228 |
|
CURRENT ASSETS |
|
|
TOTAL CURRENT ASSETS |
1,833,808 |
|
---------------- |
|
|
TOTAL ASSET |
2,685,036 |
|
============= |
|
|
CURRENT LIABILITIES |
|
|
TOTAL CURRENT LIABILITIES |
444,609 |
|
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
1,389,199 |
|
---------------- |
|
|
TOTAL NET ASSETS |
2,240,427 |
|
============= |
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
300,000 |
|
---------------- |
|
|
TOTAL SHARE CAPITAL |
300,000 |
|
RESERVES |
|
|
Retained profit/(loss) carried forward |
1,938,547 |
|
---------------- |
|
|
TOTAL RESERVES |
1,938,547 |
|
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
2,238,547 |
|
LONG TERM LIABILITIES |
|
|
TOTAL LONG TERM LIABILITIES |
1,880 |
|
---------------- |
|
|
2,240,427 |
|
|
============= |
|
FINANCIAL
RATIO
|
|
BP HEYAP LEYONG SDN. BHD. |
|
TYPES OF FUNDS |
|
|
Net Liquid Assets |
1,389,199 |
|
Net Current Assets/(Liabilities) |
1,389,199 |
|
Net Tangible Assets |
2,240,427 |
|
Net Monetary Assets |
1,387,319 |
|
BALANCE SHEET ITEMS |
|
|
Total Liabilities |
446,489 |
|
Total Assets |
2,685,036 |
|
Net Assets |
2,240,427 |
|
Net Assets Backing |
2,238,547 |
|
Shareholders' Funds |
2,238,547 |
|
Total Share Capital |
300,000 |
|
Total Reserves |
1,938,547 |
|
LIQUIDITY (Times) |
|
|
Current Ratio |
4.12 |
|
SOLVENCY RATIOS (Times) |
|
|
Liabilities Ratio |
0.20 |
|
Assets Backing Ratio |
7.47 |
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
2.89 |
|
Net Profit Margin |
2.19 |
|
Return On Net Assets |
13.19 |
|
Return On Capital Employed |
13.19 |
|
Return On Shareholders' Funds/Equity |
10.01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.