MIRA INFORM REPORT
|
Report Date : |
25.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
GEE HUP AUTO SUPPLY SDN. BHD. |
|
|
|
|
Registered Office : |
D23, Tingkat 2, Plaza Pekeliling, 2, Jalan Tun Razak,
50400 |
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Country : |
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Date of Incorporation : |
16.05.1978 |
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Com. Reg. No.: |
39363-P |
|
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|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
Trader of Auto Spare Parts and Accessories |
|
|
|
|
No of Employees : |
40 |
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 : |
Unknown |
|
|
|
|
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. |
: |
39363-P |
||||
|
COMPANY NAME |
: |
GEE HUP AUTO
SUPPLY SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
16/05/1978 |
||||
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|
||||
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||||
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COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
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|
||||
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REGISTERED ADDRESS |
: |
D23, TINGKAT 2, PLAZA PEKELILING, 2, JALAN
TUN RAZAK, 50400 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
NO. 292, JALAN SEGAMBUT, 51200 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-62514833 |
||||
|
FAX.NO. |
: |
03-62528988 |
||||
|
EMAIL |
: |
INFO@GEEHUP.COM |
||||
|
WEB SITE |
: |
GEEHUP.ASIAEP.COM |
||||
|
CONTACT PERSON |
: |
LAW POO SIONG ( DIRECTOR ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
45300 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING IN AUTO SPARE PARTS AND
ACCESSORIES |
||||
|
AUTHORISED CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 1,100,000.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
40 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
The Subject is an exempt private company which is allowed to have a
minimum of two and a maximum of twenty shareholders and all the shareholders must
be individuals. An exempt company is a type of private limited company. 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, suing or be sued by other companies. The Subject is governed by the
Companies Act, 1965 and must file in its annual return. The Subject need not
file in its financial statements but it has to file in a document duly signed
by its director in charge of its finance, the secretary and its auditor stating
that the Subject is able to meet all its obligations as and when they fall due.
Although the Subject is not required to file in its financial statements, it
also has to prepare its financial account which must be presented at the Annual
General Meeting.
The Subject is principally engaged in the (as a / as an) trading in auto
spare parts and accessories.
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 1,100,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR. LAW KWAN + |
NO.4 JALAN GUNUNG SEMANGGUL, TAMAN IMPIAN,
BATU 4 1/4, JALAN IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
500612-01-5029 |
550,001.00 |
50.00 |
|
MS. NG SIEW TENG + |
4, JALAN GUNUNG SEMANGGOL, TAMAN IMPIAN,
BATU 4 1/2, JALAN IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
511203-01-5160 |
183,333.00 |
16.67 |
|
MR. LAW POO SIONG + |
NO.4 JALAN GUNUNG SEMANGGUL, TAMAN IMPIAN,
BATU 4 1/2, JALAN IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
731002-01-5169 |
183,333.00 |
16.67 |
|
MR. LAW POH HONG + |
4 JALAN GUNUNG SEMANGGUL, TAMAN IMPIAN,
BATU 4 1/2, JALAN IPOH, 51100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
820710-14-5671 |
183,333.00 |
16.67 |
|
|
|
|
--------------- |
------ |
|
|
|
|
1,100,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MR. LAW POO SIONG |
|
Address |
: |
NO.4 JALAN GUNUNG SEMANGGUL, TAMAN IMPIAN,
BATU 4 1/2, JALAN IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
New IC No |
: |
731002-01-5169 |
|
Date of Birth |
: |
02/10/1973 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
26/01/2010 |
DIRECTOR 2
|
Name Of Subject |
: |
MS. NG SIEW TENG |
|
Address |
: |
4, JALAN GUNUNG SEMANGGOL, TAMAN IMPIAN,
BATU 4 1/2, JALAN IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
New IC No |
: |
511203-01-5160 |
|
Date of Birth |
: |
03/12/1951 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
31/12/1992 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. LAW POH HONG |
|
Address |
: |
4 JALAN GUNUNG SEMANGGUL, TAMAN IMPIAN, BATU
4 1/2, JALAN IPOH, 51100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
New IC No |
: |
820710-14-5671 |
|
Date of Birth |
: |
10/07/1982 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
26/01/2010 |
DIRECTOR 4
|
Name Of Subject |
: |
MR. LAW KWAN |
|
Address |
: |
NO.4 JALAN GUNUNG SEMANGGUL, TAMAN IMPIAN,
BATU 4 1/4, JALAN IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
New IC No |
: |
500612-01-5029 |
|
Date of Birth |
: |
12/06/1950 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
16/05/1978 |
|
1) |
Name of Subject |
: |
LAW POO SIONG |
|
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
LIM HOON NAM & CO. |
|
Auditor' Address |
: |
SUITE D24, 2ND FLOOR, PLAZA PEKELILING,
NO. 2, JALAN TUN RAZAK, 50400 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
1) |
Company Secretary |
: |
MR. ANG NGANG @ THUM ANG NGANG |
|
|
|
|
|
|
|
New IC No |
: |
440510-08-5905 |
|
|
Address |
: |
NO 20, JALAN HELANG SIPUT 6 (JLN 103),
KEPONG BARU, 52100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2) |
Company Secretary |
: |
MS. YAP SIEW CHENG |
|
|
|
|
|
|
|
New IC No |
: |
541021-10-6210 |
|
|
Address |
: |
NO. 7, LORONG LANG TOMPOK 1, TAMAN SRI
BINTANG, 52100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
Banking relations are maintained principally with :
|
1) |
Name |
: |
AMBANK (M) BHD |
|
|
|
|
|
|
|
|
|
|
|
2) |
Name |
: |
HONG LEONG BANK BHD |
|
|
|
|
|
|
|
|
|
|
|
3) |
Name |
: |
MALAYAN BANKING BHD |
|
|
|
|
|
|
|
|
|
|
|
4) |
Name |
: |
OCBC BANK (MALAYSIA) BHD |
|
|
|
|
|
|
|
|
|
|
|
5) |
Name |
: |
PUBLIC BANK BHD |
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
1 |
01/09/1979 |
N/A |
MALAYAN BANKING BHD |
MYR 90,000.00 |
Satisfied |
|
2 |
19/04/1982 |
N/A |
MALAYAN BANKING BHD |
MYR 190,000.00 |
Satisfied |
|
3 |
19/04/1982 |
N/A |
MALAYAN BANKING BHD |
MYR 280,000.00 |
Satisfied |
|
4 |
23/11/1982 |
N/A |
MALAYAN BANKING BHD |
MYR 240,000.00 |
Satisfied |
|
5 |
23/11/1982 |
N/A |
MALAYAN BANKING BHD |
MYR 240,000.00 |
Satisfied |
|
6 |
23/11/1982 |
N/A |
MALAYAN BANKING BHD |
MYR 520,000.00 |
Satisfied |
|
7 |
08/09/1983 |
N/A |
MALAYAN BANKING BHD |
MYR 230,000.00 |
Satisfied |
|
8 |
04/02/1985 |
N/A |
MALAYAN BANKING BHD |
MYR 150,000.00 |
Satisfied |
|
9 |
15/09/1986 |
N/A |
MALAYAN BANKING BHD |
MYR 350,000.00 |
Satisfied |
|
10 |
15/09/1986 |
N/A |
MALAYAN BANKING BHD |
MYR 1,250,000.00 |
Unsatisfied |
|
11 |
05/11/1987 |
N/A |
MALAYAN BANKING BERHAD |
MYR 100,000.00 |
Satisfied |
|
12 |
27/02/1991 |
N/A |
MALAYAN BANKING BHD |
MYR 480,000.00 |
Satisfied |
|
13 |
27/02/1991 |
N/A |
MALAYAN BANKING BHD |
MYR 480,000.00 |
Unsatisfied |
|
14 |
25/06/1994 |
N/A |
HOCK HUA BANK SABAH BERHAD |
MYR 300,000.00 |
Satisfied |
|
15 |
06/11/1994 |
N/A |
MLAYAN BANKING BERHAD |
MYR 400,000.00 |
Satisfied |
|
16 |
17/12/1994 |
N/A |
HOCK HUA BANKSABAH BERHAD |
MYR 300,000.00 |
Satisfied |
|
17 |
28/02/1995 |
N/A |
HOCK HUA BANK SABAH BERHAD |
MYR 80,000.00 |
Satisfied |
|
18 |
25/08/1995 |
N/A |
HOCK HUA BANK SABAHBHD |
MYR 80,000.00 |
Satisfied |
|
19 |
08/02/1996 |
N/A |
HOCK HUA BANK SABAH BERHAD |
MYR 500,000.00 |
Satisfied |
|
20 |
08/07/1996 |
N/A |
MALAYAN BANKING BERHAD |
MYR 260,000.00 |
Satisfied |
|
21 |
05/08/1996 |
N/A |
MALAYAN BANKING BERHAD |
MYR 900,000.00 |
Satisfied |
|
22 |
05/08/1996 |
N/A |
MALAYAN BANKING BERHAD |
MYR 1,300,000.00 |
Unsatisfied |
|
23 |
21/01/1997 |
N/A |
HOCK HUA BANK SABAH BERHAD |
MYR 280,000.00 |
Satisfied |
|
24 |
27/03/2002 |
N/A |
HONG LEONG BANK BERHAD |
MYR 2,700,000.00 |
Unsatisfied |
|
25 |
27/03/2002 |
N/A |
HONG LEONG BANK BERHAD |
MYR 2,700,000.00 |
Unsatisfied |
|
26 |
27/03/2002 |
N/A |
HONG LEONG BANK BERHAD |
MYR 2,700,000.00 |
Unsatisfied |
|
27 |
30/03/2002 |
N/A |
HONG LEONG BANK BERHAD |
MYR 1.00 |
Satisfied |
|
28 |
02/07/2002 |
N/A |
HONG LEONG BANK BERHAD |
MYR 300,000.00 |
Unsatisfied |
|
29 |
05/09/2002 |
N/A |
HONG LEONG BANK BERHAD |
MYR 300,000.00 |
Satisfied |
|
30 |
05/09/2002 |
N/A |
HONG LEONG BANK BERHAD |
MYR 2,250,000.00 |
Satisfied |
|
31 |
10/01/2003 |
N/A |
HONG LEONG BANK BERHAD |
MYR 1,904,000.00 |
Unsatisfied |
|
32 |
10/01/2003 |
N/A |
HONG LEONG BANK BERHAD |
MYR 2,469,000.00 |
Unsatisfied |
|
33 |
10/01/2003 |
HONG LEONG BANK
BHD |
HONG LEONG BANK BERHAD |
MYR 1,904,000.00 |
Unsatisfied |
|
34 |
10/01/2003 |
N/A |
HONG LEONG BANK BERHAD |
MYR 1,904,000.00 |
Unsatisfied |
|
35 |
10/01/2003 |
OPEN CHARGE |
HONG LEONG BANK BERHAD |
MYR 1,904,000.00 |
Unsatisfied |
|
36 |
10/01/2003 |
N/A |
HONG LEONG BANK BERHAD |
MYR 1,904,000.00 |
Satisfied |
|
37 |
09/04/2003 |
N/A |
PUBLIC BANK BERHAD |
MYR 576,000.00 |
Satisfied |
|
38 |
09/04/2003 |
N/A |
PUBLIC BANK BERHAD |
MYR 312,000.00 |
Satisfied |
|
39 |
10/03/2004 |
N/A |
HONG LEONG BANK BERHAD |
MYR 268,688.00 |
Satisfied |
|
40 |
02/06/2005 |
N/A |
AMBANK (M) BHD |
- |
Satisfied |
|
41 |
22/08/2005 |
OPEN CHARGE |
MALAYAN BANKING BHD |
MYR 1,270,000.00 |
Unsatisfied |
|
42 |
29/07/2008 |
OPEN CHARGE |
MALAYAN BANKING BHD |
MYR 1,500,000.00 |
Unsatisfied |
|
43 |
13/04/2009 |
OPEN CHARGE |
MALAYAN BANKING BHD |
MYR 1,660,000.00 |
Unsatisfied |
|
44 |
13/04/2009 |
OPEN CHARGE |
MALAYAN BANKING BHD |
MYR 1,800,000.00 |
Unsatisfied |
|
45 |
23/03/2010 |
N/A |
MALAYAN BANKING BHD |
- |
Satisfied |
|
46 |
23/03/2010 |
N/A |
MALAYAN BANKING BHD |
- |
Satisfied |
|
47 |
15/09/2010 |
OPEN CHARGE |
OCBC BANK (MALAYSIA) BHD |
- |
Unsatisfied |
|
48 |
17/06/2011 |
N/A |
HONG LEONG BANK BERHAD |
- |
Unsatisfied |
* A check has been conducted in our databank against the Subject whether the
subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
* 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 |
Percentage |
: |
40% |
|
Overseas |
: |
YES |
Percentage |
: |
60% |
|
|
|
|
|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
SOUTH EAST ASIA |
|||
|
Credit Term |
: |
120 DAYS |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES |
|||
|
Type of Customer |
: |
DEALERS,RETAIL |
|||
|
Goods Traded |
: |
AUTO SPARE PARTS AND ACCESSORIES
|
|
|
|
|
|
|
|
Member(s) / Affiliate(s) |
: |
MALAYSIA LOGISTICS INDUSTRY |
|
|
|
|
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2013 |
2012 |
2011 |
2010 |
2009 |
|
|
|
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
|
|
|
|
COMPANY |
40 |
55 |
50 |
42 |
42 |
40 |
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading in auto spare
parts and accessories.
The Subject is well-known as a specialized distributor for the range of
products belong all parts, components and accessories of Mercedes-Benz, Nissan,
Hino, Scania, Volvo, Man, Isuzu and etc.
The Subject offer a wide range of spare parts including gasket, liner, piston
& ring, crankshaft, tranmission gear, crown & pinion gear, propeller
shaft, flanger, shock absorber, gasket & oil seal, brake, dram, air
compressor, turbo charger, air cleaner, clutch plate & cover, water pump,
hub bolt, wheel cylinder and etc.
We were informed that the Subject offers the Mercedez-Benz spare parts based on
customers' requirements.
Latest fresh investigations
carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-62514833 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
292 JALAN SEGAMBUT 5120 KUALA LUMPUR |
|
Current Address |
: |
NO. 292, JALAN SEGAMBUT, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
Match |
: |
YES |
|
|
|
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Latest Financial Accounts |
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NO |
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Other Investigations
On 22nd January 2014 we contacted one of the staff from the Subject and she provided
some information.
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The Subject is a private exempt company which does not need to file in
its accounts with the Registrar of Companies for the information of the public.
Therefore, we are not able to comment on the Subject's financial performance. |
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Overall
financial condition of the Subject : N/A |
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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 |
- |
- |
|
|
|
|
|
|
|
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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 |
- |
- |
|
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|
|
|
|
|
|
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 |
- |
|
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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 |
- |
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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 |
- |
- |
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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 |
- |
- |
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* Estimate / Preliminary |
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** Forecast |
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# Based On Manufacturing Production Index |
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MSIC CODE |
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45300 : Wholesale and retail sale of all kinds of parts, components, supplies,
tools and accessories for motor vehicles |
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INDUSTRY : |
MOTOR VECHICLE |
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The total industry volume (TIV) for year 2013 for casted 640 000
units. This is an increase of 2.0% compared to the year 2012. Sales of passenger
vehicles in the year 2013 for casted increase by 2.0% to 563 000 units
compared to 552 189 units at the year 2012. While sales of commercial
vehicles in year 2013 for casted to increase by 2.0% to 77 000 units compared
to 75 564 units at the year 2012. |
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It is a big challenge for the TIV of year 2013 to create another high
record. However, Malaysia's GPD growth is for casted to be 5.6% in year 2013.
This is driven by exports and domestic demand and is expected to give confidence
in consumer sentiments. Besides, multiplier effects from the Economic
Transformation Programme's (ETP) projects would give a further boost to the
domestic economy and create greater demand for new vehicles. |
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According to the Malaysian Automotive Association (MAA), the
implimentation of the Bank Negara's guidelines on responsible financing
practices from 1st January 2012 coused a slowdown in new vehicle purchase in
first quarter 2012. However, the total industry volume (TIV) of the year 2012
surged to a historical high of 627,753 units which is an all time record
achievement for the industry. This record had overtaken the previous highest
record of 605,156 units achieved in 2010. It had also outperformed the MAA's
TIV forcast of 615,000 units. The main contributors to the growth were led by
Perodua and Proton, followed by Toyota, Honda and Nissan. |
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The total registration of new passenger vehicles in year 2012 reached
552,189 units compare with 535,113 units in year 2011. Which had bring an
increase of 3.2% (17,076 units) of growth rate in the registration of
passenger vehicles. While the total registration for commercial vehicles n
2012 was 75,564 units which is an increase of 6.2% (10,554 units). Besides,
the production of new vehicles also recorded an increase of 6.8% (36,105
units) in year 2012. According to the president of Malaysian Automotive
Association (MAA), the record new vehicle sales in 2012 was due to factors
such as strong economic growth, the implementation of infrastructure projects
under the Economic Transformation Programme (ETP), increased consumer
spending and consumption due to stable employment and rising disposable
income, introduction of new models at competitive prices as well as
aggressive sales campaigns by car companies. |
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OVERALL INDUSTRY
OUTLOOK : Marginal Growth |
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Incorporated in 1978, the Subject is a Exempt Private company, focusing on
trading in auto spare parts and accessories. With over 3 decades of experience
in the business, the Subject has fairly rich experiences in the business and
has achieved a certain market share. The capital standing of the Subject is
fair.
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 40 employees in its business operations.
Overall, we regard that the Subject's management capability is average.
As the Subject is registered as an Exempt Private company, it is not required
to file financial statements for public review. As such, we are unable to
ascertain its present financial health.
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.
The industry has reached its maturity stage and only enjoying a marginal
growth. The steady growth of the country's economy will further enhance the
industry activities. Thus, the Subject's future performance is very much depend
on its marketing strategies in order to retain its position in the market.
In view of the above, we only recommend credit be proceeded to the Subject with
guarantee.
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.17 |
|
|
1 |
Rs. 103.38 |
|
Euro |
1 |
Rs. 85.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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-- |
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.