|
Report Date : |
20.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SM BIOMED SDN. BHD. |
|
|
|
|
Registered Office : |
Lot 90, Sungai Petani Industrial Estate, 08000 Sungai
Petani, Kedah |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
18.05.1991 |
|
|
|
|
Com. Reg. No.: |
217323-M |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturer and Trader of Pharmaceutical Raw Materials,
Fine Chemicals and Industrial Laboratory Chemicals |
|
|
|
|
No of Employees : |
100 |
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 : |
Exist |
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 (30.09.2013) |
Current Rating (01.12.2013) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move farther up the value-added production chain by attracting investments in Islamic finance, high technology industries, biotechnology, and services. NAJIB's Economic Transformation Program (ETP) is a series of projects and policy measures intended to accelerate the country's economic growth. The government has also taken steps to liberalize some services sub-sectors. The NAJIB administration also is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Nevertheless, exports - particularly of electronics, oil and gas, palm oil and rubber - remain a significant driver of the economy. As an oil and gas exporter, Malaysia has profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel, combined with sustained budget deficits, has forced Kuala Lumpur to begin to address fiscal shortfalls, through initial reductions in energy and sugar subsidies and the announcement of the 2015 implementation of a 6% goods and services tax. The government is also trying to lessen its dependence on state oil producer Petronas. The oil and gas sector supplies about 32% of government revenue in 2013. Bank Negara Malaysia (central bank) maintains healthy foreign exchange reserves, and a well-developed regulatory regime has limited Malaysia's exposure to riskier financial instruments and the global financial crisis. Nevertheless, Malaysia could be vulnerable to a fall in commodity prices or a general slowdown in global economic activity because exports are a major component of GDP. In order to attract increased investment, NAJIB earlier raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but retreated in 2013 after he encountered significant opposition from Malay nationalists and other vested interests. In September 2013 NAJIB launched the new Bumiputra Economic Empowerment Program (BEEP), policies that favor and advance the economic condition of ethnic Malays.
|
Source
: CIA |
EXECUTIVE SUMMARY |
|
|
|
REGISTRATION NO. |
: |
217323-M |
||||
|
COMPANY NAME |
: |
SM BIOMED SDN.
BHD. |
||||
|
FORMER NAME |
: |
SM CHEMICALS SDN BHD (06/02/2004) |
||||
|
INCORPORATION DATE |
: |
18/05/1991 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
|
|
|
||||
|
|
|
|
||||
|
REGISTERED ADDRESS |
: |
LOT 90, SUNGAI PETANI INDUSTRIAL ESTATE,
08000 SUNGAI PETANI, KEDAH, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LOT 90, SUNGAI PETANI INDUSTRIAL ESTATE,
08000 SUNGAI PETANI, KEDAH, MALAYSIA. |
||||
|
TEL.NO. |
: |
04-4411801 |
||||
|
FAX.NO. |
: |
04-4411341 |
||||
|
WEB SITE |
: |
WWW.SMBIOMED.COM |
||||
|
CONTACT PERSON |
: |
SHARAT KUMAR KRISHNA NAIK ( MANAGING
DIRECTOR ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
21001 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING AND TRADING OF PHARMACEUTICAL
RAW MATERIALS, FINE CHEMICALS AND INDUSTRIAL LABORATORY CHEMICALS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 50,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 30,400,000.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
MYR 70,820,374 [2012] |
||||
|
NET WORTH |
: |
MYR 46,470,354 [2012] |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
100 [2014] |
||||
|
||||||
|
LITIGATION |
: |
TRACED |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
AVERAGE |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
HIGH |
||||
|
GENERAL REPUTATION |
: |
GOOD |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
HISTORY / BACKGROUND |
The Subject is a private limited company and is allowed to have a minimum of one and a maximum of forty-nine shareholders. As a private limited company, the Subject must have at least two directors. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject is capable of owning assets, entering into contracts, sue or be sued by other companies. The liabilities of the shareholders are to the extent of the equity they have taken up and the creditors cannot claim on shareholders' personal assets even if the Subject is insolvent. The Subject is governed by the Companies Act, 1965 and the company must file its annual returns, together with its financial statements with the Registrar of Companies.
The Subject is principally engaged in the (as a / as an) manufacturing and trading of pharmaceutical raw materials, fine chemicals and industrial laboratory chemicals.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
The immediate and ultimate holding company of the Subject is SCOCROFT LIMITED, a company incorporated in VIRGIN ISLANDS, BRITISH.
Share Capital
History
|
Date |
Authorised
Shared Capital |
Issue & Paid
Up Capital |
|
15/02/2013 |
MYR 50,000,000.00 |
MYR 30,400,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
SCOCROFT LIMITED |
34, NORTH QUAY DOUGLAS, ISLE OF MAN, IMI
4LB, MALAYSIA. |
341977P |
18,345,702.00 |
60.35 |
|
SAI GANESH PROPERTIES PVT. LTD. |
561, SRINIDHI, WATER TANK ROAD, BSK III STAGE,
KATRIGUPPE, BANGALORE, 560065, INDIA. |
027309 |
5,624,000.00 |
18.50 |
|
GEETHA MOHAN SHEETY |
12, HATKESH CO-OPERATIVE HOUSING SOC ROAD
5, JUHU, MUMBAI 400056, INDIA. |
G2629799 |
2,435,401.00 |
8.01 |
|
VAISHALI SHETTY |
GEETHA, 12, HATKESH CO-OPERATIVE HOUSING
SOC ROAD 5, JUHU, MUMBAI 400 056, INDIA. |
E0128700 |
1,047,440.00 |
3.45 |
|
NEUTRAL MASTER (M) SDN. BHD. |
17, JALAN SRI SEMANTAN SATU, DAMANSARA
HEIGHTS, 3RD FLOOR WISMA PRIMA, 50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
219018D |
813,479.00 |
2.68 |
|
MR. DIONG SING PENG |
49, JALAN TR8/2, TROPICANA, 47410 PETALING
JAYA, SELANGOR, MALAYSIA. |
691228-10-5569
A1448355 |
759,748.00 |
2.50 |
|
BAVAGUTHU RAGHURAM SHETTY + |
BAVAGUTHU KAUP, UDUPI, KARNATAKA, FOREIGN,
INDIA. |
T526456 |
495,932.00 |
1.63 |
|
DR SHARAT KUMAR KRISHNA NAIK + |
49, LORONG 5, TAMAN PETANI JAYA, 08000
SUNGAI PETANI, KEDAH, MALAYSIA. |
9530671 |
348,810.00 |
1.15 |
|
MR. TAMIL MANI S/O M.KATHIRESAN CHETTIAR |
90C, JALAN PERGAM, 08000 SUNGAI PETANI,
KEDAH, MALAYSIA. |
550220-02-6189
4842124 |
230,596.00 |
0.76 |
|
MS. HASIAH BINTI ABDULLAH |
LOT 2007, TAMAN SARI, JALAN HOSPITAL,
15200 KOTA BHARU, KELANTAN, MALAYSIA. |
490418-03-5214
2828171 |
92,974.00 |
0.31 |
|
ZULHISHAM BIN AHMAD |
JALAN SATU, KAMPONG MELAYU MAJEDEE I,
TANJONG PUTERI, 80500 JOHOR BAHRU, JOHOR, MALAYSIA. |
590128-01-6195
5564309 |
86,156.00 |
0.28 |
|
RAMESHA SHEENA SUVARNA + |
7, LORONG 11, TAMAN PETANI JAYA, 08000
SUNGAI PETANI, KEDAH, MALAYSIA. |
A9007674 |
47,381.00 |
0.16 |
|
DR KISHNAMOORTHY A/L APPALANAIDU + |
76, TAMAN ZAABA, TAMAN TUN DR.ISMAIL, 60000
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
461129-08-5749
4014680 |
20,000.00 |
0.07 |
|
SUNIL KUMAR SHETTY |
25, LORONG 23, TAMAN SUNGAI PETANI, 08000
SUNGAI PETANI, KEDAH, MALAYSIA. |
K986037 |
52,381.00 |
0.17 |
|
|
|
|
--------------- |
------ |
|
|
|
|
30,400,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
The Subject's interest in other companies (Subsidiaries/Associates) are shown as follow :
|
Local
No |
Country |
Company |
(%) |
As
At |
|
218620M |
MALAYSIA |
SM PHARMACEUTICALS SDN. BHD. |
100.00 |
18/12/2013 |
|
|
|
|
|
|
DIRECTORS |
DIRECTOR 1
|
Name Of Subject |
: |
VYNA SHETTY |
|
Address |
: |
GEETHA HOUSE 12, HATKESH CHS 5TH ROAD, JUHU, MUMBAI 56, MS, FOREIGN, INDIA. |
|
IC / PP No |
: |
E7852374 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
09/08/2004 |
DIRECTOR 2
|
Name Of Subject |
: |
SUNIL KUMAR SHETTY |
|
Address |
: |
25, LORONG 23, TAMAN SUNGAI PETANI, 08000 SUNGAI PETANI, KEDAH, MALAYSIA. |
|
IC / PP No |
: |
K986037 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
08/08/1996 |
|
Remark |
: |
ALTERNATE DIRECTOR TO BAVAGUTHU RAGHURAM SHETTY |
DIRECTOR 3
|
Name Of Subject |
: |
DR KISHNAMOORTHY A/L APPALANAIDU |
|
Address |
: |
76, TAMAN ZAABA, TAMAN TUN DR.ISMAIL, 60000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
4014680 |
|
New IC No |
: |
461129-08-5749 |
|
Date of Birth |
: |
29/11/1946 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN INDIAN |
|
Date of Appointment |
: |
18/05/1991 |
|
|
|
|
|
Qualification |
: |
MBBS(SRI V'TESWARA)1974 |
DIRECTOR 4
|
Name Of Subject |
: |
RAMESHA SHEENA SUVARNA |
|
Address |
: |
7, LORONG 11, TAMAN PETANI JAYA, 08000 SUNGAI PETANI, KEDAH, MALAYSIA. |
|
IC / PP No |
: |
A9007674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
09/08/2004 |
|
Remark |
: |
ALTERNATE TO VYNA SHETTY |
DIRECTOR 5
|
Name Of Subject |
: |
DR SHARAT KUMAR KRISHNA NAIK |
|
Address |
: |
49, LORONG 5, TAMAN PETANI JAYA, 08000 SUNGAI PETANI, KEDAH, MALAYSIA. |
|
IC / PP No |
: |
9530671 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
MALAWIAN |
|
Date of Appointment |
: |
12/11/1991 |
DIRECTOR 6
|
Name Of Subject |
: |
BAVAGUTHU RAGHURAM SHETTY |
|
Address |
: |
BAVAGUTHU KAUP, UDUPI, KARNATAKA, FOREIGN, INDIA. |
|
IC / PP No |
: |
T526456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
09/07/1995 |
MANAGEMENT |
|
|
|
1) |
Name of Subject |
: |
SHARAT KUMAR KRISHNA NAIK |
|
|
Position |
: |
MANAGING DIRECTOR |
|
|
|
|
|
|
2) |
Name of Subject |
: |
RAMESHA SHEENA SUVARNA |
|
|
Position |
: |
FINANCE MANAGER |
|
|
|
|
|
|
3) |
Name of Subject |
: |
LOQMAN |
|
|
Position |
: |
HUMAN RESOURCE MANAGER |
|
|
|
|
|
|
4) |
Name of Subject |
: |
BIRADAR CHANDARASEGAR |
|
|
Position |
: |
PRODUCTION MANAGER |
AUDITOR |
|
Auditor |
: |
GRANT THORNTON |
|
Auditor' Address |
: |
51-8-A, MENARA BHL BANK, JALAN SULTAN AHMAD SHAH, 10050 PULAU PINANG, PULAU PINANG, MALAYSIA. |
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
MS. P'NG CHIEW KEEM |
|
|
IC / PP No |
: |
A2095490 |
|
|
New IC No |
: |
720225-07-5130 |
|
|
Address |
: |
BUKIT KECIL 2, TAMAN SRI NIBONG, 19 TINGKAT, 11900 BAYAN LEPAS, PULAU PINANG, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2) |
Company Secretary |
: |
MR. LEE PENG LOON |
|
|
IC / PP No |
: |
4092111 |
|
|
New IC No |
: |
501110-07-5149 |
|
|
Address |
: |
53, JALAN DEVA PADA, 10400 GEORGETOWN, PULAU PINANG, MALAYSIA. |
BANKING |
Banking relations are maintained principally with :
|
1) |
Name |
: |
CIMB BANK BHD |
|
|
|
|
|
|
|
|
|
|
|
2) |
Name |
: |
EON BANK BHD |
|
|
|
|
|
|
|
|
|
|
|
3) |
Name |
: |
EXPORT-IMPORT BANK OF MALAYSIA BHD |
|
|
|
|
|
|
|
|
|
|
|
|
ENCUMBRANCE (S) |
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
1 |
18/05/1992 |
N/A |
BANK OF COMMERCE M BHD |
MYR 4,700,000.00 |
Unsatisfied |
|
2 |
05/03/1994 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 300,000.00 |
Unsatisfied |
|
3 |
19/03/1995 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 5,000,000.00 |
Unsatisfied |
|
4 |
19/03/1995 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 1,258,000.00 |
Unsatisfied |
|
5 |
19/03/1995 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 1,258,000.00 |
Unsatisfied |
|
6 |
06/10/1996 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 2,032,000.00 |
Unsatisfied |
|
7 |
06/10/1996 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 2,032,000.00 |
Unsatisfied |
|
8 |
06/10/1996 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 2,032,000.00 |
Unsatisfied |
|
9 |
28/05/1997 |
N/A |
EXPORTIMPORT BANK OF MALAYSIA BERHAD |
MYR 2,600,000.00 |
Unsatisfied |
|
10 |
18/09/1997 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 4,000,000.00 |
Unsatisfied |
|
11 |
18/09/1997 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 4,000,000.00 |
Unsatisfied |
|
12 |
27/01/1999 |
N/A |
BANK OF COMMERCE M BERHAD |
MYR 4,600,000.00 |
Unsatisfied |
|
13 |
08/05/2008 |
N/A |
EON BANK BHD |
MYR 4,000,000.00 |
Unsatisfied |
|
14 |
08/05/2008 |
N/A |
EON BANK BHD |
MYR 4,000,000.00 |
Unsatisfied |
LEGAL CHECK AGAINST SUBJECT |
* A check has been conducted in our databank against the Subject whether the subject
has been involved in any litigation.
LEGAL ACTION |
|
|||||||||||||
|
|
|
|||||||||||||
|
Code No |
: |
99 |
Case No |
: |
18382 |
|
|
|
|
|
||||
|
Year |
: |
2004 |
Place |
: |
KUALA LUMPUR |
|
|
|
|
|
||||
|
Court |
: |
SESSIONS COURT |
|
|
|
|
|
|
|
|
||||
|
Solicitor |
: |
KERK & CO |
|
|
|
|
|
|
|
|
||||
|
Solicitor Tel.
No. |
: |
03-21626366 |
|
|
|
|
|
|
|
|
||||
|
Plaintiff |
: |
KUALITI ALAM SDN
BHD |
|
|
|
|||||||||
|
Defendants |
: |
|
|
|
|
|||||||||
|
Amount Claimed |
: |
27799 |
|
|
|
|
|
|
|
|
||||
|
Nature of Claim |
: |
GDS SOLD &
DELIVERED |
|
|
|
|
|
|
|
|
||||
|
Remark |
: |
LIST |
|
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
NOTE: |
Please check with creditors for confirmation as alleged debts may have been paid since recorded or are being disputed. The person wo has been sued has the same name as the subject. However, we are unable to determine whether the person sued is the one and the same person. |
|
No winding up petition was found in our databank |
||
|
|
|
|
DEFAULTER CHECK AGAINST SUBJECT |
* We have checked through the Subject in our defaulters' database which comprised
of debtors that have been blacklisted by our customers and debtors that have
been placed or assigned to us for collection since 1990. Information was
provided by third party where the debt amount can be disputed. Please check
with creditors for confirmation as alleged debts may have been paid since
recorded or are being disputed.
No blacklisted record & debt collection case was found in our
defaulters' databank.
PAYMENT RECORD |
|
|
|
||
|
SOURCES OF RAW MATERIALS: |
|
||
|
Local |
: |
YES |
|
|
Overseas |
: |
YES |
|
|
Import Countries |
: |
CHINA,INDIA,JAPAN,UNITED STATES |
|
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
|
] |
|
Good 31-60 Days |
[ |
|
] |
|
Average 61-90 Days |
[ |
X |
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
|
] |
|
|
|
|
|
|
CLIENTELE |
|
Local |
: |
YES |
Percentage |
: |
2% |
|
|
Domestic Markets |
: |
MALAYSIA |
||||
|
Overseas |
: |
YES |
Percentage |
: |
98% |
|
|
Export Market |
: |
ASIA EUROPE |
||||
|
Credit Term |
: |
30 DAYS |
||||
|
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES TELEGRAPHIC TRANSFER (TT) |
||||
|
Type of Customer |
: |
MANUFACTURING INDUSTRIES,MINISTRIES |
||||
|
No of Customer |
: |
30 |
||||
|
CUSTOMER(S) |
: |
|
||||
OPERATIONS |
|
Products manufactured |
: |
|
|||||
|
|
|
|
|||||
|
Competitor(s) |
: |
AIN MEDICARE SDN BHD ALPHA BIOLOGICS SDN BHD KOTRA PHARMA (M) SDN BHD SM PHARMACEUTICALS SDN BHD Y.S.P. INDUSTRIES (M) SDN BHD
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Ownership of premises |
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OWNED
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Production Capacity |
: |
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Total Number of Employees: |
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YEAR |
2014 |
2013 |
2012 |
2011 |
2010 |
2009 |
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GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
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COMPANY |
100 |
85 |
85 |
85 |
180 |
295 |
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Branch |
: |
NO
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Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing and trading
of pharmaceutical raw materials, fine chemicals and industrial laboratory
chemicals.
The Subject's product portfolio is as
follows:-
* MACROLIDES - Erythromycin - COS Available,
Erythromycin Propionate, Erythromycin Estolate - COS Filed , Azithromycin
* Steroidal Products - Beclomethasone
Dipropionate, Triamcinolone Acetonide, Clobetasol Propionate
* Cardiovascular - Atenolol, Metoprolol
Tartrate, Furosemide
* Anti - Viral, Bacterial, Fungal -
Acyclovir, Fluconazole, Stavudine
According to the Subject, it produces about
40 to 50 types of raw materials for the formulation of pharmaceuticals.
Besides that the Subject provides high
quality customized products and services with shorter delivery time to its
customers, particularly in Macroliderange of antibiotics.
The Subject is also packs its products in
steel or plastic drums and containers.
We were informed that the Subject is
equipped with the state-of-the-art technology coupled with highly automated
production facilities, backed by an excellent team of well-trained technical
staff ensures the smooth production process and the consistently high quality
of the finished products.
CURRENT INVESTIGATION |
Latest fresh investigations carried out on the Subject indicated that :
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Telephone Number Provided By Client |
: |
N/A |
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Current Telephone Number |
: |
04-4411801 |
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Match |
: |
N/A |
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Address Provided by Client |
: |
LOT 90, SUNGAI PETANI INDUSTRIAL ESTATE SUNGAI PETANI KEDAH |
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Current Address |
: |
LOT 90, SUNGAI PETANI INDUSTRIAL ESTATE, 08000 SUNGAI PETANI, KEDAH, MALAYSIA. |
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Match |
: |
NO |
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Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
The address provided is incomplete.
FINANCIAL ANALYSIS |
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Profitability |
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Turnover |
: |
Increased |
[ |
2008 - 2012 |
] |
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Profit/(Loss) Before Tax |
: |
Increased |
[ |
2008 - 2012 |
] |
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Return on Shareholder Funds |
: |
Unfavourable |
[ |
1.58% |
] |
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Return on Net Assets |
: |
Unfavourable |
[ |
5.03% |
] |
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The Subject's turnover increased steadily as the demand for its products
/ services increased due to the goodwill built up over the years. The higher
profit could be attributed to the increase in turnover. The unfavourable
return on shareholders' funds could indicate that the Subject was inefficient
in utilising its assets to generate returns. |
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Working Capital
Control |
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Stock Ratio |
: |
Favourable |
[ |
44 Days |
] |
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Debtor Ratio |
: |
Unfavourable |
[ |
103 Days |
] |
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Creditors Ratio |
: |
Favourable |
[ |
28 Days |
] |
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The Subject's stocks were moving fast thus reducing its holding cost.
This had reduced funds being tied up in stocks. The Subject's debtors ratio
was high. The Subject should tighten its credit control and improve its collection
period. The 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. |
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Liquidity |
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Liquid Ratio |
: |
Acceptable |
[ |
0.94 Times |
] |
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Current Ratio |
: |
Unfavourable |
[ |
1.29 Times |
] |
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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. |
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Solvency |
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Interest Cover |
: |
Unfavourable |
[ |
1.97 Times |
] |
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Gearing Ratio |
: |
Favourable |
[ |
0.40 Times |
] |
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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 lowly geared thus it had a low financial risk. The Subject was
mainly financed by its shareholders' funds and internally generated funds. In
times of economic slowdown / downturn, the Subject being a lowly geared
company, will be able to compete better than those companies which are highly
geared in the same industry. |
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Overall
Assessment : |
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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 as a lowly
geared company, will be more secured compared to those highly geared companies.
It has the ability to meet all its long term obligations. |
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Overall
financial condition of the Subject : LIMITED |
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MALAYSIA ECONOMIC / INDUSTRY OUTLOOK |
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Major Economic Indicators: |
2009 |
2010 |
2011 |
2012* |
2013** |
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Population ( Million) |
28.13 |
28.35 |
28.70 |
29.30 |
29.80 |
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Gross Domestic
Products ( % ) |
(0.5) |
7.2 |
5.1 |
5.6 |
5.3 |
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Domestic Demand ( % ) |
2.9 |
6.3 |
8.2 |
9.4 |
5.6 |
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Private
Expenditure ( % ) |
(2.7) |
8.1 |
8.2 |
8.0 |
7.4 |
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Consumption ( % ) |
0.7 |
6.7 |
7.1 |
1.0 |
5.7 |
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Investment ( % ) |
(17.2) |
17.7 |
12.2 |
11.7 |
13.3 |
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Public
Expenditure ( % ) |
5.2 |
3.8 |
8.4 |
13.3 |
1.2 |
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Consumption ( % ) |
3.1 |
0.2 |
16.1 |
11.3 |
(1.2) |
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Investment ( % ) |
8.0 |
2.8 |
(0.3) |
15.9 |
4.2 |
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Balance of Trade ( MYR Million ) |
89,650 |
118,356 |
116,058 |
106,300 |
110,700 |
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Government Finance ( MYR Million ) |
(28,450) |
(40,482) |
(45,511) |
(42,297) |
(39,993) |
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Government
Finance to GDP / Fiscal Deficit ( % ) |
(4.8) |
(5.6) |
(5.4) |
(4.5) |
(4.0) |
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Inflation ( % Change in Composite CPI) |
(5.2) |
5.1 |
3.1 |
1.6 |
2.5 |
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Unemployment Rate |
4.5 |
3.9 |
3.3 |
3.2 |
3.0 |
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Net International Reserves ( MYR Billion ) |
331 |
329 |
415 |
427 |
- |
|
Average Risk-Weighted Capital Adequacy
Ratio ( % ) |
2.87 |
2.20 |
3.50 |
2.20 |
- |
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Average 3 Months
of Non-performing Loans ( % ) |
11.08 |
15.30 |
14.80 |
14.70 |
- |
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Average Base Lending Rate ( % ) |
5.53 |
6.30 |
6.60 |
6.53 |
- |
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Business Loans Disbursed( % ) |
10.5 |
14.7 |
15.3 |
32.2 |
- |
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Foreign Investment ( MYR Million ) |
22,156.8 |
22,517.9 |
23,546.1 |
26,230.4 |
- |
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Consumer Loans ( % ) |
- |
- |
- |
- |
- |
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Registration of
New Companies ( No. ) |
41,578 |
44,148 |
45,455 |
45,441 |
- |
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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 ( % ) |
- |
- |
- |
- |
- |
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Business
Dissolved ( No. ) |
19,345 |
19,738 |
20,121 |
- |
- |
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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 |
- |
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Cellular Phone Subscribers ( Million ) |
30.1 |
32.8 |
35.3 |
38.5 |
- |
|
Tourist Arrival ( Million Persons ) |
23.6 |
24.6 |
24.7 |
25.0 |
- |
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Hotel Occupancy Rate ( % ) |
58.0 |
63.0 |
60.6 |
62.4 |
- |
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Credit Cards Spending ( % ) |
12.8 |
14.1 |
15.6 |
12.6 |
- |
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Bad Cheque Offenders (No.) |
36,667 |
33,568 |
32,627 |
26,982 |
- |
|
Individual Bankruptcy ( No.) |
16,228 |
18,119 |
19,167 |
19,575 |
- |
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Individual Bankruptcy ( % ) |
16.7 |
11.7 |
5.8 |
2.1 |
- |
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INDUSTRIES ( %
of Growth ): |
2009 |
2010 |
2011 |
2012* |
2013** |
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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) |
- |
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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 |
- |
- |
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% of Industry
Non-Performing Loans |
1.3 |
2.1 |
3.2 |
- |
- |
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Mining |
(3.8) |
0.2 |
(5.7) |
1.5 |
2.7 |
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Oil & Gas |
2.1 |
0.5 |
(1.7) |
- |
- |
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Other Mining |
- |
- |
- |
- |
- |
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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 |
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Exported-oriented
Industries |
(19.0) |
12.1 |
2.8 |
4.1 |
- |
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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 |
- |
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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 |
- |
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Transport Equipment |
(13.5) |
36.5 |
(10.4) |
13.7 |
- |
|
Paper & Paper Products |
(5.0) |
18.7 |
14.8 |
(7.8) |
- |
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Crude Oil Refineries |
0.2 |
(11.4) |
9.3 |
- |
- |
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Industry
Non-Performing Loans ( MYR Million ) |
6,007.3 |
6,217.5 |
6,537.2 |
- |
- |
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% of Industry Non-Performing
Loans |
18.3 |
23.8 |
25.7 |
- |
- |
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Construction |
5.8 |
5.1 |
4.4 |
15.5 |
11.2 |
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Industry Non-Performing Loans ( MYR
Million ) |
3,241.8 |
4,038.5 |
3,856.9 |
- |
- |
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% of Industry
Non-Performing Loans |
9.9 |
10.7 |
10.2 |
- |
- |
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Services |
2.6 |
6.5 |
6.4 |
5.5 |
5.6 |
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Electric, Gas & Water |
0.4 |
8.5 |
5.6 |
4.8 |
- |
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Transport, Storage & Communication |
1.6 |
7.7 |
6.5 |
7.3 |
- |
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Wholesale, Retail, Hotel & Restaurant |
2.8 |
4.7 |
5.2 |
6.9 |
- |
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Finance, Insurance & Real Estate |
3.8 |
6.1 |
6.3 |
6.5 |
- |
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Government Services |
2.0 |
6.7 |
7.6 |
5.6 |
- |
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Other Services |
4.4 |
4.2 |
5.4 |
5.7 |
- |
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Industry
Non-Performing Loans ( MYR Million ) |
6,631.3 |
7,384.6 |
6,825.2 |
- |
- |
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% 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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INDUSTRY ANALYSIS |
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MSIC CODE |
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21001 : Manufacture of medicinal active substances to be used for
their pharmacological properties in the manufacture of medicaments |
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INDUSTRY : |
MANUFACTURING |
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The Manufacturing sector is one of the important sectors to the growth
of the Malaysian economy. According to Ministry of Finance, the manufacturing
sector is expected to grow 4.9% in year 2013. Export oriented-industries are
expected to benefit from the higher growth of global trade, while domestic
oriented industries expand in line with the better consumer sentiment and
business confidence. The resource-based industries are envisaged to grow
steadily attributed to improved demand for petroleum, chemical, rubber and
plastic products. With better job prospects and higher disposable income, the
transportation equipment subsector, in particular, the passenger car segment
is expected to expand. |
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Value-added of the manufacturing sector expanded 5% during the first
half of 2012. Output of the sector rose 5.2% during the first seven months of
2012 in line with the increase in sales value of manufactured products by
6.5% to RM363.1 billion. Output from domestic oriented industries continued
to expand 8.6% while export-oriented industries grew 4.1%. |
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According to the Department of Statistics, the sales value of the
Manufacturing sector in January 2013 posted a growth of 7.4% (RM3.6 billion)
to record RM52.4 billion as compared to RM48.8 billion reported in year 2012.
Meanwhile, month-on-month basis, the sales value has decreased by 0.4% (RM0.2
billion) as compared with the preceding month. The sales value in December
2012 has been revised positive 7.5% year-on-year to record RM52.6 billion. |
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Output of rubber products increased 3.6% in the first seven month of
2012 mainly supported by continuous demand for rubber gloves. Output of rubber
gloves grew 5.9% on account of the expansion in the global healthcare
industry and wider usage of gloves in other sectors. Similarly, output of
catheters, especially for use in medical appliances, also registered a strong
growth of 12.6%. Nevertheless, production of rubber tyres and tubes reduced
10.9% in tandem with slowing external demand from the automotive industry,
especially China. |
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Meanwhile, production of wood and wood products rebounded 4.6% largely
supported by higher demand for wooden and cane furniture (33.5%). The
positive performance was attributed to vibrant higher demand from major
export destinations such as China and the United States (US) for
Malaysian-made furniture. Demand from China accelerated further following the
country’s rising income level and the implementation of zero import duty on
Malaysian made-furniture. Malaysia government has growth target of 6.5% for
wood based furniture where estimated to reach up to RM53 billion by year 2020.The
government providing pioneer status for tax exemption and investment tax
allowance for this industry as a boost up step towards produce good quality
product and to meet the world demand. |
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The output of chemicals and chemical products rose 9.9% in the first
seven month of year 2012 on account of increasing demand for plastic products
(11.8%) and basic chemicals (11.1%). External demand for plastic packaging
materials surged during the early part of the year 2012, particularly from
Japan and Thailand, as manufacturers resumed operations, which were
interrupted by natural calamities and power outages. Chemical production are
expected to show 7.5 % in year 2013 inline with Malaysia as one of the
largest contributor in world Chemicals & Chemical industries. |
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Tax and non-tax incentives provided by government encourage
manufacturers to move up the value chain of manufacturing industry. The new
growth initiatives by government in the manufacturing sector such assolar and
medial services can be important drivers of growth apart from helping to
diversify the manufacturing base and contributing to the resilience of the
sector. |
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OVERALL INDUSTRY
OUTLOOK : Average Growth |
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CREDIT RISK EVALUATION & RECOMMENDATION |
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PROFIT AND LOSS ACCOUNT |
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THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
SM BIOMED SDN.
BHD. |
|
Financial Year End |
2012-06-30 |
2011-06-30 |
2010-06-30 |
2009-06-30 |
2008-06-30 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
GROUP |
GROUP |
GROUP |
GROUP |
GROUP |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
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|
TURNOVER |
70,820,374 |
65,611,076 |
57,313,323 |
65,749,214 |
40,738,369 |
|
Other Income |
245,619 |
172,047 |
38,342 |
472,322 |
354,693 |
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|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
71,065,993 |
65,783,123 |
57,351,665 |
66,221,536 |
41,093,062 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
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|
|
PROFIT/(LOSS) FROM OPERATIONS |
1,230,151 |
588,246 |
315,961 |
2,194,211 |
338,993 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
1,230,151 |
588,246 |
315,961 |
2,194,211 |
338,993 |
|
Taxation |
(494,000) |
(433,000) |
(140,119) |
(452,000) |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
736,151 |
155,246 |
175,842 |
1,742,211 |
338,993 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
15,334,203 |
15,178,957 |
15,003,115 |
13,260,904 |
12,921,911 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
15,334,203 |
15,178,957 |
15,003,115 |
13,260,904 |
12,921,911 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
16,070,354 |
15,334,203 |
15,178,957 |
15,003,115 |
13,260,904 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
16,070,354 |
15,334,203 |
15,178,957 |
15,003,115 |
13,260,904 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
|
|
|
|
Bank overdraft |
122,568 |
117,195 |
- |
- |
- |
|
Bankers' acceptance |
185,766 |
397,480 |
- |
- |
- |
|
Hire purchase |
30,680 |
49,654 |
- |
- |
- |
|
Term loan / Borrowing |
291,821 |
291,330 |
- |
- |
- |
|
Trust receipts |
635,262 |
333,886 |
- |
- |
- |
|
Others |
- |
- |
1,350,094 |
1,514,426 |
1,648,155 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,266,097 |
1,189,545 |
1,350,094 |
1,514,426 |
1,648,155 |
|
|
============= |
============= |
============= |
============= |
============= |
BALANCE SHEET |
|
|
|
SM BIOMED SDN.
BHD. |
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
33,477,091 |
36,030,713 |
33,642,462 |
33,326,232 |
11,971,108 |
|
|
|
|
|
|
|
|
INTANGIBLE
ASSETS |
|
|
|
|
|
|
Deferred/Expenditure carried forward |
6,429,921 |
8,960,587 |
11,301,667 |
13,619,511 |
15,923,625 |
|
Goodwill on consolidation |
2,686,170 |
2,930,368 |
3,174,566 |
3,418,764 |
3,662,962 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL INTANGIBLE ASSETS |
9,116,091 |
11,890,955 |
14,476,233 |
17,038,275 |
19,586,587 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
42,593,182 |
47,921,668 |
48,118,695 |
50,364,507 |
31,557,695 |
|
|
|
|
|
|
|
|
Stocks |
8,512,334 |
7,093,326 |
7,354,836 |
6,253,305 |
6,249,318 |
|
Trade debtors |
20,066,146 |
17,377,991 |
13,915,307 |
13,285,174 |
18,825,441 |
|
Other debtors, deposits & prepayments |
608,519 |
555,202 |
196,792 |
539,183 |
411,043 |
|
Short term deposits |
- |
- |
- |
30,000 |
102,000 |
|
Cash & bank balances |
1,837,563 |
306,171 |
377,709 |
1,312,597 |
235,691 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
31,024,562 |
25,332,690 |
21,844,644 |
21,420,259 |
25,823,493 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
73,617,744 |
73,254,358 |
69,963,339 |
71,784,766 |
57,381,188 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Trade creditors |
5,404,128 |
4,164,821 |
4,280,445 |
6,216,406 |
2,170,905 |
|
Other creditors & accruals |
1,681,876 |
8,027,498 |
5,070,812 |
2,556,940 |
5,242,383 |
|
Hire purchase & lease creditors |
234,098 |
308,257 |
288,698 |
483,855 |
489,467 |
|
Bank overdraft |
2,979,977 |
1,476,710 |
1,291,353 |
1,685,277 |
1,711,748 |
|
Short term borrowings/Term loans |
1,161,984 |
1,058,976 |
1,058,511 |
1,682,073 |
1,109,615 |
|
Other borrowings |
9,749,000 |
7,105,840 |
782,943 |
2,454,905 |
21,780 |
|
Bill & acceptances payable |
2,613,000 |
6,556,000 |
10,380,000 |
5,759,000 |
5,765,000 |
|
Amounts owing to holding company |
13,266 |
13,266 |
13,266 |
13,266 |
886,566 |
|
Amounts owing to director |
122,196 |
151,235 |
164,669 |
221,118 |
107,647 |
|
Provision for taxation |
2,969 |
2,969 |
2,969 |
8,996 |
13,087 |
|
Other liabilities |
- |
- |
2,394,421 |
4,420,872 |
6,426,336 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
23,962,494 |
28,865,572 |
25,728,087 |
25,502,708 |
23,944,534 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
7,062,068 |
(3,532,882) |
(3,883,443) |
(4,082,449) |
1,878,959 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
49,655,250 |
44,388,786 |
44,235,252 |
46,282,058 |
33,436,654 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
30,400,000 |
25,000,000 |
25,000,000 |
25,000,000 |
16,000,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
30,400,000 |
25,000,000 |
25,000,000 |
25,000,000 |
16,000,000 |
|
|
|
|
|
|
|
|
Retained profit/(loss) carried forward |
16,070,354 |
15,334,203 |
15,178,957 |
15,003,115 |
13,260,904 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
16,070,354 |
15,334,203 |
15,178,957 |
15,003,115 |
13,260,904 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
46,470,354 |
40,334,203 |
40,178,957 |
40,003,115 |
29,260,904 |
|
|
|
|
|
|
|
|
Long term loans |
1,466,560 |
2,713,313 |
2,943,201 |
5,237,003 |
3,551,721 |
|
Hire purchase creditors |
199,336 |
316,270 |
521,094 |
589,940 |
624,029 |
|
Deferred taxation |
1,519,000 |
1,025,000 |
592,000 |
452,000 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
3,184,896 |
4,054,583 |
4,056,295 |
6,278,943 |
4,175,750 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
49,655,250 |
44,388,786 |
44,235,252 |
46,282,058 |
33,436,654 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
FINANCIAL RATIO |
|
|
|
SM BIOMED SDN.
BHD. |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Cash |
1,837,563 |
306,171 |
377,709 |
1,342,597 |
337,691 |
|
Net Liquid Funds |
(3,755,414) |
(7,726,539) |
(11,293,644) |
(6,101,680) |
(7,139,057) |
|
Net Liquid Assets |
(1,450,266) |
(10,626,208) |
(11,238,279) |
(10,335,754) |
(4,370,359) |
|
Net Current Assets/(Liabilities) |
7,062,068 |
(3,532,882) |
(3,883,443) |
(4,082,449) |
1,878,959 |
|
Net Tangible Assets |
40,539,159 |
32,497,831 |
29,759,019 |
29,243,783 |
13,850,067 |
|
Net Monetary Assets |
(4,635,162) |
(14,680,791) |
(15,294,574) |
(16,614,697) |
(8,546,109) |
|
BALANCE SHEET
ITEMS |
|
|
|
|
|
|
Total Borrowings |
18,403,955 |
19,535,366 |
17,265,800 |
17,892,053 |
13,273,360 |
|
Total Liabilities |
27,147,390 |
32,920,155 |
29,784,382 |
31,781,651 |
28,120,284 |
|
Total Assets |
73,617,744 |
73,254,358 |
69,963,339 |
71,784,766 |
57,381,188 |
|
Net Assets |
49,655,250 |
44,388,786 |
44,235,252 |
46,282,058 |
33,436,654 |
|
Net Assets Backing |
46,470,354 |
40,334,203 |
40,178,957 |
40,003,115 |
29,260,904 |
|
Shareholders' Funds |
46,470,354 |
40,334,203 |
40,178,957 |
40,003,115 |
29,260,904 |
|
Total Share Capital |
30,400,000 |
25,000,000 |
25,000,000 |
25,000,000 |
16,000,000 |
|
Total Reserves |
16,070,354 |
15,334,203 |
15,178,957 |
15,003,115 |
13,260,904 |
|
LIQUIDITY
(Times) |
|
|
|
|
|
|
Cash Ratio |
0.08 |
0.01 |
0.01 |
0.05 |
0.01 |
|
Liquid Ratio |
0.94 |
0.63 |
0.56 |
0.59 |
0.82 |
|
Current Ratio |
1.29 |
0.88 |
0.85 |
0.84 |
1.08 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
|
|
|
|
Stock Ratio |
44 |
39 |
47 |
35 |
56 |
|
Debtors Ratio |
103 |
97 |
89 |
74 |
169 |
|
Creditors Ratio |
28 |
23 |
27 |
35 |
19 |
|
SOLVENCY RATIOS
(Times) |
|
|
|
|
|
|
Gearing Ratio |
0.40 |
0.48 |
0.43 |
0.45 |
0.45 |
|
Liabilities Ratio |
0.58 |
0.82 |
0.74 |
0.79 |
0.96 |
|
Times Interest Earned Ratio |
1.97 |
1.49 |
1.23 |
2.45 |
1.21 |
|
Assets Backing Ratio |
1.33 |
1.30 |
1.19 |
1.17 |
0.87 |
|
PERFORMANCE
RATIO (%) |
|
|
|
|
|
|
Operating Profit Margin |
1.74 |
0.90 |
0.55 |
3.34 |
0.83 |
|
Net Profit Margin |
1.04 |
0.24 |
0.31 |
2.65 |
0.83 |
|
Return On Net Assets |
5.03 |
4.01 |
3.77 |
8.01 |
5.94 |
|
Return On Capital Employed |
4.03 |
3.06 |
2.76 |
5.66 |
3.60 |
|
Return On Shareholders' Funds/Equity |
1.58 |
0.38 |
0.44 |
4.36 |
1.16 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
NOTES TO
ACCOUNTS |
|
|
|
|
|
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.42 |
|
|
1 |
Rs. 98.28 |
|
Euro |
1 |
Rs. 80.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.