|
Report Date : |
27.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
PERKHIDMATAN KARGO TUMPATAN SDN BHD |
|
|
|
|
Registered Office : |
3 1/2 Miles, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.08.2012 |
|
|
|
|
Date of Incorporation : |
25.06.1984 |
|
|
|
|
Com. Reg. No.: |
122317-U |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trading of Animal Feed Raw Materials |
|
|
|
|
No of Employees : |
50 [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. |
: |
122317-U |
||||
|
COMPANY NAME |
: |
PERKHIDMATAN
KARGO TUMPATAN SDN BHD |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
25/06/1984 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
|
|
|
||||
|
|
|
|
||||
|
REGISTERED ADDRESS |
: |
3 1/2 MILES, PULAU GADONG, 75200 MELAKA,
MELAKA, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
3 1/2 MILES, PULAU GADONG, 75200 MELAKA,
MELAKA, MALAYSIA. |
||||
|
TEL.NO. |
: |
06-3357285 |
||||
|
FAX.NO. |
: |
06-3357301 |
||||
|
CONTACT PERSON |
: |
LIOW CHYE HOCK ( MANAGING DIRECTOR ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
46902 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF ANIMAL FEED RAW MATERIALS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 2,000,016.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
MYR 193,763,557 [2012] |
||||
|
NET WORTH |
: |
MYR 9,059,800 [2012] |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
50 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
GOOD |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
GOOD |
||||
|
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
animal feed raw materials.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Share Capital History
|
Date |
Authorised
Shared Capital |
Issue & Paid
Up Capital |
|
15/02/2013 |
MYR 5,000,000.00 |
MYR 2,000,016.00 |
The major shareholder(s) of the Subject are
shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
KILANG MEMPROSES BARANG2 TEMPATAN SDN. BHD. |
53-J, JALAN ONG KIM WEE, (1ST FLOOR), 75300 MELAKA, MELAKA, MALAYSIA. |
29134K |
995,000.00 |
49.75 |
|
MS. LILY ONG |
17, TAMAN ASEAN, 3 1/2 M.S., MALIM ROAD, 75250 MELAKA, MELAKA,
MALAYSIA. |
460602-04-5044
0856887 |
320,000.00 |
16.00 |
|
MS. FATIMAH BINTI AHMAD |
C-5035, KLEBANG BESAR, 75200 MELAKA, MELAKA, MALAYSIA. |
380515-04-5038
3046963 |
54,168.00 |
2.71 |
|
MR. LOW ENG GUAN + |
9, JALAN SRI MANGGA 1/8, TAMAN SRI MANGGA, SEKSYEN 1, 75250 MELAKA,
MELAKA, MALAYSIA. |
510826-10-5707
4131665 |
40,000.00 |
2.00 |
|
MR. LIM YONG POH |
25, TAMAN ASEAN, MALIM, 75250 MELAKA, MELAKA, MALAYSIA. |
1053881 |
40,000.00 |
2.00 |
|
MR. CHEW KAI CHUAN |
632-I, TAMAN BUKIT MELAKA, 75450 AIR KEROH, MELAKA, MALAYSIA. |
510904-01-5185
8154643 |
40,000.00 |
2.00 |
|
MR. BERNARD ONG CHIN YONG |
17, TAMAN ASEAN, MALIM, 75250 MELAKA, MELAKA, MALAYSIA. |
681026-04-5087
A1126059 |
33,333.00 |
1.67 |
|
MR. DZUL ISKANDAR BIN YAHYA + |
LOT 979, JALAN MERANTI, OFF TAMAN SAYANG SELASIH, KLEBANG BESAR, 75200
MELAKA, MELAKA, MALAYSIA. |
730424-04-5283 A2490195 |
27,085.00 |
1.35 |
|
MS. NOOR AINI BINTI HASSAN |
C-5035, KLEBANG BESAR, 75250 MELAKA, MELAKA, MALAYSIA. |
510930-04-5070
4188947 |
27,084.00 |
1.35 |
|
ONG CHEE JOON |
22, JALAN PANTAI EMAS, KLEBANG BESAR, 75200 MELAKA, MELAKA, MALAYSIA. |
490820-04-5285
1291845 |
25,000.00 |
1.25 |
|
LIOW CHAI GUAN. |
187, TAMAN ASEAN, MALIM, 75250 MELAKA, MELAKA, MALAYSIA. |
580611-04-5341
5441626 |
20,000.00 |
1.00 |
|
LIM SIAK THOONG |
29, TAMAN SRI WANGSA, JALAN SRI WANGSA, 75350 BATU BERENDAM, MELAKA, MALAYSIA. |
490719-04-5117
1291452 |
20,000.00 |
1.00 |
|
REMAINING SHAREHOLDERS |
- |
- |
358,346.00 |
17.92 |
|
|
|
|
--------------- |
------ |
|
|
|
|
2,000,016.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MR. ONG BOON BEE @ ONG MUN MEE |
|
Address |
: |
17, TAMAN ASEAN, JALAN MALIM, 75250 MELAKA, MELAKA, MALAYSIA. |
|
IC / PP No |
: |
0189749 |
|
New IC No |
: |
441226-04-5177 |
|
Date of Birth |
: |
26/12/1944 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
20/08/1984 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. LIOW CHYE HOCK |
|
Address |
: |
295-G, JALAN ASEAN 5, TAMAN ASEAN, JALAN MALIM, 75250 MELAKA, MELAKA,
MALAYSIA. |
|
IC / PP No |
: |
4679130 |
|
New IC No |
: |
541113-04-5005 |
|
Date of Birth |
: |
13/11/1954 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
28/05/2008 |
DIRECTOR 3
|
Name Of Subject |
: |
MS. LIM SIEW CHOO |
|
Address |
: |
19-F, JALAN LORONG BACANG 2, 75300 MELAKA,
MELAKA, MALAYSIA. |
|
IC / PP No |
: |
5546810 |
|
New IC No |
: |
590403-04-5194 |
|
Date of Birth |
: |
03/04/1959 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
29/05/2007 |
DIRECTOR 4
|
Name Of Subject |
: |
MR. DZUL ISKANDAR BIN YAHYA |
|
Address |
: |
LOT 979, JALAN MERANTI, OFF TAMAN SAYANG
SELASIH, KLEBANG BESAR, 75200 MELAKA, MELAKA, MALAYSIA. |
|
IC / PP No |
: |
A2490195 |
|
New IC No |
: |
730424-04-5283 |
|
Date of Birth |
: |
24/04/1973 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
16/06/2010 |
DIRECTOR 5
|
Name Of Subject |
: |
MR. LOW ENG GUAN |
|
Address |
: |
9, JALAN SRI MANGGA 1/8, TAMAN SRI MANGGA, SEKSYEN 1, 75250 MELAKA,
MELAKA, MALAYSIA. |
|
IC / PP No |
: |
4131665 |
|
New IC No |
: |
510826-10-5707 |
|
Date of Birth |
: |
26/08/1951 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
07/11/1986 |
|
1) |
Name of Subject |
: |
LIOW CHYE HOCK |
|
|
Position |
: |
MANAGING DIRECTOR |
|
|
|
|
|
|
2) |
Name of Subject |
: |
LIM SIEW CHOO |
|
|
Position |
: |
FINANCE DIRECTOR |
|
|
|
|
|
|
3) |
Name of Subject |
: |
ONG CHEE JOON |
|
|
Position |
: |
ACCOUNT MANAGER |
|
Auditor |
: |
O.L. YEO & CO. |
|
Auditor' Address |
: |
110A & B, JALAN MELAKA RAYA 25, TAMAN
MELAKA RAYA, 75000 MELAKA, MELAKA, MALAYSIA. |
|
1) |
Company Secretary |
: |
MR. LIOW CHYE HOCK |
|
|
IC / PP No |
: |
4679130 |
|
|
New IC No |
: |
541113-04-5005 |
|
|
Address |
: |
295-G, JALAN ASEAN 5, TAMAN ASEAN, JALAN
MALIM, 75250 MELAKA, MELAKA, MALAYSIA. |
|
2) |
Company Secretary |
: |
MS. LAI FUI YAN |
|
|
IC / PP No |
: |
A3516309 |
|
|
New IC No |
: |
770526-04-5408 |
|
|
Address |
: |
30, JALAN TMS 2, TAMAN TANJUNG MINYAK
SETIA, 75350 BATU BERENDAM, MELAKA, MALAYSIA. |
BANKING
Banking relations are maintained principally
with :
|
1) |
Name |
: |
BANGKOK BANK BHD |
|
|
|
|
|
|
2) |
Name |
: |
HSBC BANK MALAYSIA BHD |
|
|
|
|
|
|
3) |
Name |
: |
HONG LEONG BANK BHD |
|
|
|
|
|
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
1 |
05/04/1990 |
N/A |
BANGKOK BANK BERHAD |
MYR 2,500,000.00 |
Satisfied |
|
2 |
22/07/2008 |
OPEN CHARGE |
BANGKOK BANK BHD |
- |
Unsatisfied |
|
3 |
06/05/2009 |
DEBENTURE |
BANGKOK BANK BHD |
- |
Satisfied |
|
4 |
04/08/2009 |
LETTER OF SET
OFF |
BANGKOK BANK BERHAD |
MYR 9,950,000.00 |
Unsatisfied |
|
5 |
15/11/2010 |
DEBENTURE |
BANGKOK BANK BERHAD |
- |
Unsatisfied |
|
6 |
15/11/2010 |
LETTER OF
SET-OFF |
BANGKOK BANK BERHAD |
- |
Unsatisfied |
|
7 |
05/03/2012 |
LETTER OF
SET-OFF |
BANGKOK BANK BERHAD |
- |
Unsatisfied |
|
8 |
15/03/2012 |
FIRST LEGAL
CHARGE |
HSBC BANK MALAYSIA BHD |
- |
Unsatisfied |
|
9 |
20/03/2012 |
TRADE FINANCING
GENERAL AGREEMENT & CHARGE ON SECURITY OVER DEPOSITS IN RESPECT OF
OBLIGATIONS OF THE DEPOSITOR |
HSBC BANK MALAYSIA BHD |
MYR 5,000,000.00 |
Unsatisfied |
|
10 |
30/04/2012 |
LETTER OF SET
OFF FOR FIXED DEPOSIT OF RM1,250,000.00 & LETTER OF SET OFF FOR QUARTERLY
FIXED DEPOSIT BUILD UP OF RM20,000.00. THE 1ST FIXED DEPOSIT BUILD-UP IS TO
COMMENCE 6 MONTHS FROM THE 1ST RELEASE OF FACILITIES |
HONG LEONG BANK BHD |
MYR 5,100,000.00 |
Unsatisfied |
|
11 |
25/05/2012 |
LETTER OF
SET-OFF |
BANGKOK BANK BERHAD |
- |
Unsatisfied |
|
12 |
27/06/2012 |
MEMORANDUM OF
DEPOSIT OF FIXED DEPOSIT RECEIPT AND/OR NEGOTIABLE CERTIFICATE OF DEPOSIT
(FIRST PARTY) & LETTER OF SET-OFF (FIRST PARTY) |
MALAYAN BANKING BERHAD |
MYR 7,500,000.00 |
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.
* 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.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
|
Import Countries |
: |
INDIA |
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 |
[ |
X |
] |
|
Average 61-90 Days |
[ |
|
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
|
] |
|
|
|
|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
SINGAPORE |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
ANIMAL FEED RAW MATERIALS
|
|
|
|
|
|
|
|
Ownership of premises |
: |
OWNED
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
|
|
|
|
|
COMPANY |
50 |
50 |
50 |
50 |
54 |
|
|
|
|
|
Branch |
: |
YES
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of animal feed
raw materials.
The Subject's products ranges are including
maize, starch, salt and others.
Besides that the Subject also provides
products based on the customers' requirements.
We were informed that the Subject has
warehouse located at the same premises to keep its materials and products.
According to the Subject, it repacks its products into small or big quantity
based on its customers' requirements.
CURRENT INVESTIGATION
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
06-3357285 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
3 1/2 MILES, PULAU
GADONG,75200,MELAKA,MELAKA. |
|
Current Address |
: |
3 1/2 MILES, PULAU GADONG, 75200 MELAKA, MELAKA, MALAYSIA. |
|
Match |
: |
YES |
|
|
|
|
|
Latest Financial Accounts |
: |
YES |
Other Investigations
On 9th January 2014 we contacted one of the staff from the Subject and she
provided some information
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Increased |
[ |
2008 - 2012 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2008 - 2012 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
17.08% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
38.92% |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's turnover increased steadily as the demand for its
products / services increased due to the goodwill built up over the years.
The Subject's management have been efficient in controlling its operating
costs. The Subject's management had generated acceptable return for its
shareholders using its assets. |
||||||
|
|
|
|
|
|
|
|
|
Working Capital
Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Favourable |
[ |
19 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
33 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
7 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 |
[ |
0.93 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.19 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 |
[ |
2.20 Times |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
3.83 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's interest cover was low. If its profits fall or when interest
rate rises, it may not be able to meet all its interest payment. The
Subject was highly geared, thus it had a high financial risk. The Subject was
dependent on loans to finance its business needs. In times of economic
downturn and / or high interest rate, the Subject will become less profitable
and competitive than other firms in the same industry, which are lowly
geared. This is because the Subject has to service the interest and to repay
the loan, which will erode part of its profits. The profits will fluctuate
depending on the Subject's turnover and the interest it needs to pay. |
||||||
|
|
|
|
|
|
|
|
|
Overall
Assessment : |
|
|
|
|
|
|
|
Generally, the Subject's performance has improved with higher turnover
and profit. The Subject's liquidity was at an acceptable range. If the
Subject is able to obtain further short term financing, it should be able to
meet all its short term obligations. If there is a fall in the Subject's
profit or any increase in interest rate, the Subject may not be able to
generate sufficient cash-flow to service its interest. The Subject's gearing
level was high and its going concern will be in doubt if there is no
injection of additional shareholders' funds in times of economic downturn and
/ or high interest rates. |
||||||
|
|
|
|
|
|
|
|
|
Overall
financial condition of the Subject : LIMITED |
||||||
|
Major Economic
Indicators: |
2009 |
2010 |
2011 |
2012* |
2013** |
|
|
|
|
|
|
|
|
Population ( Million) |
28.13 |
28.35 |
28.70 |
29.30 |
29.80 |
|
Gross Domestic
Products ( % ) |
(0.5) |
7.2 |
5.1 |
5.6 |
5.3 |
|
Domestic Demand ( % ) |
2.9 |
6.3 |
8.2 |
9.4 |
5.6 |
|
Private
Expenditure ( % ) |
(2.7) |
8.1 |
8.2 |
8.0 |
7.4 |
|
Consumption ( % ) |
0.7 |
6.7 |
7.1 |
1.0 |
5.7 |
|
Investment ( % ) |
(17.2) |
17.7 |
12.2 |
11.7 |
13.3 |
|
Public
Expenditure ( % ) |
5.2 |
3.8 |
8.4 |
13.3 |
1.2 |
|
Consumption ( % ) |
3.1 |
0.2 |
16.1 |
11.3 |
(1.2) |
|
Investment ( % ) |
8.0 |
2.8 |
(0.3) |
15.9 |
4.2 |
|
|
|
|
|
|
|
|
Balance of Trade ( MYR Million ) |
89,650 |
118,356 |
116,058 |
106,300 |
110,700 |
|
Government Finance ( MYR Million ) |
(28,450) |
(40,482) |
(45,511) |
(42,297) |
(39,993) |
|
Government Finance
to GDP / Fiscal Deficit ( % ) |
(4.8) |
(5.6) |
(5.4) |
(4.5) |
(4.0) |
|
Inflation ( % Change in Composite CPI) |
(5.2) |
5.1 |
3.1 |
1.6 |
2.5 |
|
Unemployment Rate |
4.5 |
3.9 |
3.3 |
3.2 |
3.0 |
|
|
|
|
|
|
|
|
Net International Reserves ( MYR Billion ) |
331 |
329 |
415 |
427 |
- |
|
Average Risk-Weighted Capital Adequacy
Ratio ( % ) |
2.87 |
2.20 |
3.50 |
2.20 |
- |
|
Average 3 Months
of Non-performing Loans ( % ) |
11.08 |
15.30 |
14.80 |
14.70 |
- |
|
Average Base Lending Rate ( % ) |
5.53 |
6.30 |
6.60 |
6.53 |
- |
|
Business Loans Disbursed( % ) |
10.5 |
14.7 |
15.3 |
32.2 |
- |
|
Foreign Investment ( MYR Million ) |
22,156.8 |
22,517.9 |
23,546.1 |
26,230.4 |
- |
|
Consumer Loans ( % ) |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Registration of
New Companies ( No. ) |
41,578 |
44,148 |
45,455 |
45,441 |
- |
|
Registration of New Companies ( % ) |
(0.1) |
6.2 |
3.0 |
(0.0) |
- |
|
Liquidation of
Companies ( No. ) |
39,075 |
25,585 |
132,476 |
- |
- |
|
Liquidation of Companies ( % ) |
39.6 |
(34.5) |
417.8 |
- |
- |
|
|
|
|
|
|
|
|
Registration of
New Business ( No. ) |
312,581 |
271,414 |
284,598 |
324,761 |
- |
|
Registration of New Business ( % ) |
- |
- |
- |
- |
- |
|
Business
Dissolved ( No. ) |
19,345 |
19,738 |
20,121 |
- |
- |
|
Business Dissolved ( % ) |
2.4 |
2.0 |
1.9 |
- |
- |
|
|
|
|
|
|
|
|
Sales of New Passenger Cars (' 000 Unit ) |
486.3 |
543.6 |
535.1 |
552.2 |
- |
|
Cellular Phone Subscribers ( Million ) |
30.1 |
32.8 |
35.3 |
38.5 |
- |
|
Tourist Arrival ( Million Persons ) |
23.6 |
24.6 |
24.7 |
25.0 |
- |
|
Hotel Occupancy Rate ( % ) |
58.0 |
63.0 |
60.6 |
62.4 |
- |
|
|
|
|
|
|
|
|
Credit Cards Spending ( % ) |
12.8 |
14.1 |
15.6 |
12.6 |
- |
|
Bad Cheque Offenders (No.) |
36,667 |
33,568 |
32,627 |
26,982 |
- |
|
Individual Bankruptcy ( No.) |
16,228 |
18,119 |
19,167 |
19,575 |
- |
|
Individual Bankruptcy ( % ) |
16.7 |
11.7 |
5.8 |
2.1 |
- |
|
|
|
|
|
|
|
|
INDUSTRIES ( %
of Growth ): |
2009 |
2010 |
2011 |
2012* |
2013** |
|
|
|
|
|
|
|
|
Agriculture |
0.4 |
2.1 |
5.9 |
0.6 |
2.4 |
|
Palm Oil |
(1.1) |
(3.4) |
10.8 |
(2.8) |
- |
|
Rubber |
(19.8) |
9.9 |
6.1 |
(0.6) |
- |
|
Forestry & Logging |
(5.9) |
(3.3) |
(7.6) |
(2.2) |
- |
|
Fishing |
5.5 |
5.6 |
2.1 |
(0.7) |
- |
|
Other Agriculture |
9.0 |
7.9 |
7.1 |
6.4 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
413.7 |
508.4 |
634.1 |
- |
- |
|
% of Industry
Non-Performing Loans |
1.3 |
2.1 |
3.2 |
- |
- |
|
|
|
|
|
|
|
|
Mining |
(3.8) |
0.2 |
(5.7) |
1.5 |
2.7 |
|
Oil & Gas |
2.1 |
0.5 |
(1.7) |
- |
- |
|
Other Mining |
- |
- |
- |
- |
- |
|
Industry
Non-performing Loans ( MYR Million ) |
44.2 |
49.7 |
46.5 |
- |
- |
|
% of Industry
Non-performing Loans |
0.1 |
0.1 |
0.1 |
- |
- |
|
|
|
|
|
|
|
|
Manufacturing # |
(9.4) |
11.4 |
4.7 |
4.2 |
4.9 |
|
Exported-oriented
Industries |
(19.0) |
12.1 |
2.8 |
4.1 |
- |
|
Electrical & Electronics |
(30.3) |
28.4 |
(4.9) |
1.6 |
- |
|
Rubber Products |
(10.1) |
25.3 |
15.4 |
3.6 |
- |
|
Wood Products |
(24.1) |
20.1 |
(4.9) |
4.6 |
- |
|
Textiles & Apparel |
(19.5) |
(0.4) |
14.8 |
(7.1) |
- |
|
Domestic-oriented
Industries |
(9.8) |
16.3 |
6.5 |
8.6 |
- |
|
Food, Beverages & Tobacco |
0.2 |
3.0 |
4.2 |
- |
- |
|
Chemical & Chemical Products |
(7.7) |
16.2 |
5.5 |
9.9 |
- |
|
Plastic Products |
(9.1) |
2.4 |
3.8 |
- |
- |
|
Iron & Steel |
(32.7) |
29.3 |
2.4 |
- |
- |
|
Fabricated Metal Products |
(2.5) |
14.9 |
25.2 |
- |
- |
|
Non-metallic Mineral |
(15.5) |
20.2 |
27.1 |
6.6 |
- |
|
Transport Equipment |
(13.5) |
36.5 |
(10.4) |
13.7 |
- |
|
Paper & Paper Products |
(5.0) |
18.7 |
14.8 |
(7.8) |
- |
|
Crude Oil Refineries |
0.2 |
(11.4) |
9.3 |
- |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
6,007.3 |
6,217.5 |
6,537.2 |
- |
- |
|
% of Industry Non-Performing
Loans |
18.3 |
23.8 |
25.7 |
- |
- |
|
|
|
|
|
|
|
|
Construction |
5.8 |
5.1 |
4.4 |
15.5 |
11.2 |
|
Industry Non-Performing Loans ( MYR
Million ) |
3,241.8 |
4,038.5 |
3,856.9 |
- |
- |
|
% of Industry
Non-Performing Loans |
9.9 |
10.7 |
10.2 |
- |
- |
|
|
|
|
|
|
|
|
Services |
2.6 |
6.5 |
6.4 |
5.5 |
5.6 |
|
Electric, Gas & Water |
0.4 |
8.5 |
5.6 |
4.8 |
- |
|
Transport, Storage & Communication |
1.6 |
7.7 |
6.5 |
7.3 |
- |
|
Wholesale, Retail, Hotel & Restaurant |
2.8 |
4.7 |
5.2 |
6.9 |
- |
|
Finance, Insurance & Real Estate |
3.8 |
6.1 |
6.3 |
6.5 |
- |
|
Government Services |
2.0 |
6.7 |
7.6 |
5.6 |
- |
|
Other Services |
4.4 |
4.2 |
5.4 |
5.7 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
6,631.3 |
7,384.6 |
6,825.2 |
- |
- |
|
% of Industry
Non-Performing Loans |
20.2 |
25.7 |
23.4 |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Estimate / Preliminary |
|
|
|
|
|
|
** Forecast |
|
|
|
|
|
|
# Based On Manufacturing Production Index |
|||||
MSIC CODE
|
46902 : Wholesale of animal/pet food |
|
|
|
|
|
INDUSTRY : |
TRADING |
|
|
|
|
According to the Retail Group Malaysia (RGM), the wholesale and retail
trade sector forecast to grow to 6% in year 2013. During the first quarter of
year 2013, RGM is estimating the retail industry to grow 6.9%. Many retailers
have been enjoying better sales since the government handed out cash from
mid-January of 2013 under the second round of Bantuan Rakyat 1Malaysia to
more than 12 million Malaysians. Bookstores and related retail stores have
also started enjoying rising sales since the RM250 1Malaysia Book Voucher was
distributed to 1.3 million private and public university students. Besides,
since early February 2013, handphone traders and retailers selling smartphone
accessories have started to benefit from the RM200 rebate on smartphones for
1.5 million young adults aged between 21 and 30 years with a monthly income
of not more than RM3,000. |
|
|
|
|
|
The wholesale and retail trade sector grew 6.1% in the first half of
the year 2012 driven by strong domestic consumption and the increasing number
of large format stores operating in Malaysia, including 180 foreign
hypermarkets, superstores and departmental stores as at end of August 2012.
In addition, other indicators such as imports of consumption goods were
higher by 15.2%. |
|
|
|
|
|
In 2012, the wholesale and retail trade sector growth to 5.5% driven
by higher consumption which benefited from Government initiatives under the
2012 Budget such as BR1M, Baucar Buku 1Malaysia (BB1M) and the RM100
assistance for all primary and secondary school students. The performance of
the sector will also be supported by ongoing efforts to modernise the retail
segment under the ETP. In 2012, 500 retail shops and 50 workshops are
targeted to be modernised under the Retail Shop Transformation (TUKAR) and
Automotive Workshop Modernisation (ATOM) programmes, respectively. As at end
of July 2012, 95 workshops have been modernised, surpassing the yearly
target, while 393 retail shops have been modernised. |
|
|
|
|
|
Growth of the sector is anticipated to remain encouraging with ongoing
efforts by the Government to increase its contribution to the economy. Major
initiatives include increasing the number of large format stores such as
hypermarkets, superstores and departmental stores are carried out to boost
the economy. |
|
|
|
|
|
Over 60% of Gross Domestic Product (GDP) is contributed by domestic
consumption, therefore the wholesale and retail sector plays a crucial role
in driving Malaysia's growth over the next decade despite the ongoing global
economic slowdown. By 2020, Malaysia's wholesale and retail sector is
expected to boost the country's total Gross National Income (GNI) by RM156
billion, creating 454,190 new jobs. |
|
|
|
|
|
OVERALL INDUSTRY
OUTLOOK : Average Growth |
|
|
Over the years, the Subject has penetrated
into both the local and overseas market. The Subject has positioned itself in
the global market and is competing in the industry. Its stable clientele base
will enable the Subject to further enhance its business in the near term. The
Subject is operating on a medium scale and it has approximately 50 employees
in its business operations. Overall, we regard that the Subject's management
capability is average. This indicates that the Subject has greater potential
to improve its business performance and raising income for the Subject. We noted that both the turnover and
profits have increased compared to the previous year. The higher profit could
be due to increase in turnover and better control over its operating costs.
Return on shareholders' funds of the Subject was at an acceptable range which
indicated that the management was efficient in utilising its funds to
generate income. The Subject managed to maintain an adequate liquidity level,
indicating that the Subject has the ability to meet its financial
obligations. However, the high gearing ratio clearly implied that the Subject
was supported by more debt than equity. Nevertheless, given a positive net
worth standing at MYR 9,059,800, the Subject should be able to maintain its
business in the near terms. Having a strong assets backing, the
Subject possesses latent assets as collateral for further financial
extension. Hence, it has good chance of getting loans if the needs arises.
The Subject's supplier are from both the local and overseas countries. This
will eliminates the risk of dependency on deliveries from a number of key
suppliers and insufficient quantities of its raw materials. Overall the
Subject has a good control over its resources. The industry shows an upward trend and
this trend is very likely to sustain in the near terms. Hence, the Subject is
expected to benefit from the favourable outlook of the industry. Based on the above condition, we recommend
credit be granted to the Subject normally. |
|
|
|
THE FINANCIAL STATEMENTS
WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
PERKHIDMATAN
KARGO TUMPATAN SDN BHD |
|
Financial Year End |
2012-08-31 |
2011-08-31 |
2010-08-31 |
2009-08-31 |
2008-08-31 |
|
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 |
193,763,557 |
138,717,015 |
118,333,272 |
87,655,583 |
36,591,387 |
|
Other Income |
- |
- |
1,984,831 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
193,763,557 |
138,717,015 |
120,318,103 |
87,655,583 |
36,591,387 |
|
Costs of Goods Sold |
(184,807,150) |
(131,032,757) |
(110,092,269) |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Gross Profit |
8,956,407 |
7,684,258 |
10,225,834 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
2,062,845 |
1,937,626 |
1,551,308 |
1,484,114 |
1,049,884 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
2,062,845 |
1,937,626 |
1,551,308 |
1,484,114 |
1,049,884 |
|
Taxation |
(515,464) |
(383,904) |
(424,362) |
(446,747) |
(317,561) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
1,547,381 |
1,553,722 |
1,126,946 |
1,037,367 |
732,323 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
5,512,403 |
4,108,682 |
2,981,736 |
2,094,370 |
1,362,047 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
5,512,403 |
4,108,682 |
2,981,736 |
2,094,370 |
1,362,047 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
7,059,784 |
5,662,404 |
4,108,682 |
3,131,737 |
2,094,370 |
|
DIVIDENDS - Ordinary (paid & proposed) |
- |
(150,001) |
- |
(150,001) |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
7,059,784 |
5,512,403 |
4,108,682 |
2,981,736 |
2,094,370 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
|
|
|
|
Bank overdraft |
22,662 |
13,073 |
5,426 |
14,856 |
25,125 |
|
Hire purchase |
39,263 |
39,279 |
57,203 |
34,929 |
40,946 |
|
Term loan / Borrowing |
47,582 |
61,370 |
- |
- |
- |
|
Trust receipts |
1,606,219 |
1,063,961 |
688,794 |
704,499 |
613,358 |
|
Others |
8,969 |
5,216 |
4,740 |
4,987 |
4,870 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,724,695 |
1,182,899 |
756,163 |
759,271 |
684,299 |
|
|
============= |
============= |
============= |
============= |
============= |
PERKHIDMATAN KARGO TUMPATAN SDN BHD
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
2,221,568 |
2,150,342 |
1,263,591 |
994,200 |
660,060 |
|
|
|
|
|
|
|
|
LONG TERM
INVESTMENTS/OTHER ASSETS |
|
|
|
|
|
|
Investments |
500 |
500 |
500 |
500 |
500 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
500 |
500 |
500 |
500 |
500 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
2,222,068 |
2,150,842 |
1,264,091 |
994,700 |
660,560 |
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
Stocks |
10,153,621 |
9,929,469 |
3,291,543 |
5,447,675 |
3,212,299 |
|
Trade debtors |
17,689,600 |
11,740,488 |
10,830,872 |
10,989,169 |
11,897,305 |
|
Other debtors, deposits & prepayments |
6,352,243 |
557,819 |
861,511 |
1,164,639 |
80,412 |
|
Short term deposits |
10,413,519 |
1,274,432 |
1,265,475 |
1,088,750 |
520,000 |
|
Amount due from director |
- |
- |
15,809 |
17,673 |
- |
|
Cash & bank balances |
1,873,830 |
1,450,048 |
1,702,588 |
2,201,110 |
319,155 |
|
Others |
90,579 |
216,579 |
18,791 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
46,573,392 |
25,168,835 |
17,986,589 |
20,909,016 |
16,029,171 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
48,795,460 |
27,319,677 |
19,250,680 |
21,903,716 |
16,689,731 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Trade creditors |
3,541,998 |
2,461,916 |
1,353,403 |
10,040,052 |
2,995,965 |
|
Other creditors & accruals |
1,492,573 |
802,330 |
359,543 |
302,716 |
1,317,128 |
|
Hire purchase & lease creditors |
106,473 |
324,756 |
503,650 |
355,890 |
174,587 |
|
Bank overdraft |
725,567 |
- |
- |
- |
433,381 |
|
Short term borrowings/Term loans |
208,087 |
191,478 |
183,050 |
166,321 |
- |
|
Other borrowings |
26,604,255 |
14,465,292 |
- |
- |
- |
|
Bill & acceptances payable |
6,385,000 |
1,077,000 |
9,706,843 |
4,581,528 |
6,891,784 |
|
Amounts owing to director |
- |
- |
45,000 |
45,000 |
300,005 |
|
Provision for taxation |
- |
- |
- |
131,802 |
180,255 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
39,063,953 |
19,322,772 |
12,151,489 |
15,623,309 |
12,293,105 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
7,509,439 |
5,846,063 |
5,835,100 |
5,285,707 |
3,736,066 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
9,731,507 |
7,996,905 |
7,099,191 |
6,280,407 |
4,396,626 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
2,000,016 |
2,000,016 |
2,000,016 |
2,000,016 |
2,000,016 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
2,000,016 |
2,000,016 |
2,000,016 |
2,000,016 |
2,000,016 |
|
|
|
|
|
|
|
|
RESERVES |
|
|
|
|
|
|
Retained profit/(loss) carried forward |
7,059,784 |
5,512,403 |
4,108,682 |
2,981,736 |
2,094,370 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
7,059,784 |
5,512,403 |
4,108,682 |
2,981,736 |
2,094,370 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
9,059,800 |
7,512,419 |
6,108,698 |
4,981,752 |
4,094,386 |
|
|
|
|
|
|
|
|
LONG TERM
LIABILITIES |
|
|
|
|
|
|
Long term loans |
276,139 |
484,486 |
670,865 |
833,679 |
- |
|
Hire purchase creditors |
395,568 |
- |
319,628 |
464,976 |
302,240 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
671,707 |
484,486 |
990,493 |
1,298,655 |
302,240 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
9,731,507 |
7,996,905 |
7,099,191 |
6,280,407 |
4,396,626 |
|
|
============= |
============= |
============= |
============= |
============= |
|
PERKHIDMATAN
KARGO TUMPATAN SDN BHD |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Cash |
12,287,349 |
2,724,480 |
2,968,063 |
3,289,860 |
839,155 |
|
Net Liquid Funds |
5,176,782 |
1,647,480 |
(6,738,780) |
(1,291,668) |
(6,486,010) |
|
Net Liquid Assets |
(2,644,182) |
(4,083,406) |
2,543,557 |
(161,968) |
523,767 |
|
Net Current Assets/(Liabilities) |
7,509,439 |
5,846,063 |
5,835,100 |
5,285,707 |
3,736,066 |
|
Net Tangible Assets |
9,731,507 |
7,996,905 |
7,099,191 |
6,280,407 |
4,396,626 |
|
Net Monetary Assets |
(3,315,889) |
(4,567,892) |
1,553,064 |
(1,460,623) |
221,527 |
|
BALANCE SHEET
ITEMS |
|
|
|
|
|
|
Total Borrowings |
34,701,089 |
16,543,012 |
11,384,036 |
6,402,394 |
7,801,992 |
|
Total Liabilities |
39,735,660 |
19,807,258 |
13,141,982 |
16,921,964 |
12,595,345 |
|
Total Assets |
48,795,460 |
27,319,677 |
19,250,680 |
21,903,716 |
16,689,731 |
|
Net Assets |
9,731,507 |
7,996,905 |
7,099,191 |
6,280,407 |
4,396,626 |
|
Net Assets Backing |
9,059,800 |
7,512,419 |
6,108,698 |
4,981,752 |
4,094,386 |
|
Shareholders' Funds |
9,059,800 |
7,512,419 |
6,108,698 |
4,981,752 |
4,094,386 |
|
Total Share Capital |
2,000,016 |
2,000,016 |
2,000,016 |
2,000,016 |
2,000,016 |
|
Total Reserves |
7,059,784 |
5,512,403 |
4,108,682 |
2,981,736 |
2,094,370 |
|
LIQUIDITY
(Times) |
|
|
|
|
|
|
Cash Ratio |
0.31 |
0.14 |
0.24 |
0.21 |
0.07 |
|
Liquid Ratio |
0.93 |
0.79 |
1.21 |
0.99 |
1.04 |
|
Current Ratio |
1.19 |
1.30 |
1.48 |
1.34 |
1.30 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
|
|
|
|
Stock Ratio |
19 |
26 |
10 |
23 |
32 |
|
Debtors Ratio |
33 |
31 |
33 |
46 |
119 |
|
Creditors Ratio |
7 |
7 |
4 |
42 |
30 |
|
SOLVENCY RATIOS
(Times) |
|
|
|
|
|
|
Gearing Ratio |
3.83 |
2.20 |
1.86 |
1.29 |
1.91 |
|
Liabilities Ratio |
4.39 |
2.64 |
2.15 |
3.40 |
3.08 |
|
Times Interest Earned Ratio |
2.20 |
2.64 |
3.05 |
2.95 |
2.53 |
|
Assets Backing Ratio |
4.87 |
4.00 |
3.55 |
3.14 |
2.20 |
|
PERFORMANCE
RATIO (%) |
|
|
|
|
|
|
Operating Profit Margin |
1.06 |
1.40 |
1.31 |
1.69 |
2.87 |
|
Net Profit Margin |
0.80 |
1.12 |
0.95 |
1.18 |
2.00 |
|
Return On Net Assets |
38.92 |
39.02 |
32.50 |
35.72 |
39.44 |
|
Return On Capital Employed |
35.85 |
37.50 |
30.35 |
33.80 |
34.65 |
|
Return On Shareholders' Funds/Equity |
17.08 |
20.68 |
18.45 |
20.82 |
17.89 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.10 |
0.00 |
0.14 |
0.00 |
|
NOTES TO
ACCOUNTS |
|
|
|
|
|
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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.