|
Report Date : |
26.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
CARGILL FEED
SDN. BHD. |
|
|
|
|
Registered Office : |
Lot 55711, Dry Bulk Terminal, Jalan Mawar, West Port, Pulau Indah,
42009 Pelabuhan Klang, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.05.2013 |
|
|
|
|
Date of Incorporation : |
09.01.1986 |
|
|
|
|
Com. Reg. No.: |
149374-D |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacture of prepared animal feeds |
|
|
|
|
No. of Employees |
150 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
|
REGISTRATION NO. |
: |
149374-D |
||||
|
COMPANY NAME |
: |
CARGILL FEED
SDN. BHD. |
||||
|
FORMER NAME |
: |
CARGILL (MALACCA) SDN BHD (19/12/1991) |
||||
|
INCORPORATION DATE |
: |
09/01/1986 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
LOT 55711, DRY BULK TERMINAL, JALAN MAWAR,
WEST PORT, PULAU INDAH, 42009 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LOT 55711, DRY BULK TERMINAL, JALAN MAWAR,
WESTPORT, PULAU INDAH, 42009 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-31011880 |
||||
|
FAX.NO. |
: |
03-31011288 |
||||
|
WEB SITE |
: |
WWW.CARGILL.COM.MY |
||||
|
CONTACT PERSON |
: |
KWAN CHEW YUNG ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
10800 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING OF ANIMAL FEEDS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 15,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 9,185,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 477,783,000 [2013] |
||||
|
NET WORTH |
: |
MYR 158,361,000 [2013] |
||||
|
M1000 OVERALL RANKING |
: |
718[2011] |
||||
|
M1000 INDUSTRY RANKING |
: |
6[2011] |
||||
|
STAFF STRENGTH |
: |
150 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
STRONG |
||||
|
PAYMENT |
: |
PROMPT |
||||
|
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) manufacturing
of animal feeds.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
|
According to the Malaysia 1000
publication, the Subject's ranking are as follows: |
|
|||||
|
||||||
|
YEAR |
2011 |
2009 |
2008 |
2005 |
2004 |
|
|
OVERALL RANKING |
718 |
793 |
733 |
697 |
647 |
|
|
INDUSTRY RANKING |
6 |
8 |
4 |
3 |
5 |
|
The immediate holding company of the Subject is CARGILL HOLDINGS
(MALAYSIA) SDN. BHD., a company incorporated in MALAYSIA.
The ultimate holding company of the Subject is CARGILL INC., a company
incorporated in UNITED STATES.
Share Capital History
|
Date |
Authorised
Shared Capital |
Issue & Paid
Up Capital |
|
15/02/2013 |
MYR 15,000,000.00 |
MYR 9,185,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
CARGILL HOLDINGS (MALAYSIA) SDN. BHD. |
MENARA TM, OFF JALAN PANTAI BARU, 22ND
LEVEL, 59200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
217426K |
5,511,000.00 |
60.00 |
|
LEMBAGA TABUNG ANGKATAN TENTERA |
BANGUNAN LTAT, JALAN BUKIT BINTANG,
10-12TH FLOOR, 50748 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
ACT 101 |
3,674,000.00 |
40.00 |
|
--------------- |
------ |
|||
|
9,185,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
|
Local No |
Country |
Company |
(%) |
As At |
|
813253D |
MALAYSIA |
CARGILL AQUACULTURE RESOURCES SDN. BHD. |
100.00 |
29/03/2013 |
|
477738H |
MALAYSIA |
INPROSER TECHNOLOGY SDN. BHD. |
71.43 |
29/03/2013 |
|
184438T |
MALAYSIA |
DESA CARGILL SDN. BHD. |
51.00 |
18/07/2013 |
DIRECTOR 1
|
Name Of Subject |
: |
MS. YONG KWA JIUN |
|
Address |
: |
B13-3, SUASANA SENTRAL CONDOMINIUM, JALAN
STESEN SENTRAL 5, 50470 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A0860526 |
|
New IC No |
: |
671218-10-5786 |
|
Date of Birth |
: |
18/12/1967 |
|
Nationality |
: |
MALAYSIAN CHINESE |
|
Date of Appointment |
: |
27/07/2011 |
DIRECTOR 2
|
Name Of Subject |
: |
DATO' SULAIMAN BIN YUSOF |
|
Address |
: |
19, JALAN PINGGIRAN PUTRA 2/2, DESA
PINGGIRAN PUTRA, 43000 KAJANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
0871794 |
|
New IC No |
: |
461213-04-5395 |
|
Date of Birth |
: |
13/12/1946 |
|
Nationality |
: |
MALAYSIAN MALAY |
|
Date of Appointment |
: |
01/08/2003 |
DIRECTOR 3
|
Name Of Subject |
: |
TAN SRI DATO' ABOO SAMAH BIN ABOO BAKAR |
|
Address |
: |
117, JALAN ATHINAHAPPAN 1, TAMAN TUN DR.
ISMAIL, 60000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
400620-07-5197 |
|
Date of Birth |
: |
20/06/1940 |
|
Nationality |
: |
MALAYSIAN MALAY |
|
Date of Appointment |
: |
03/10/1995 |
|
Qualification |
: |
MALAY COLLEGE KUALA KANGSAR & ROYAL
MILITARY COLLEGE (RMC) |
|
Profile |
: |
COMMISSIONED INTO THE MALAYSIAN ARMED
FORCES IN 1960. DURING HIS 36 YEARS OF MILITARY SERVICE, HELD VARIOUS
APPOINTMENTS AS STAFF & ADMINISTRATOR AT THE MINISTRY OF DEFENCE,
INSTRUCTOR & DIRECTING STAFF AT THE MILITARY TRANNING ESTABLISMENT & HAVE
COMMAND FROM 1994 TO 1995, THE FIRST MALAYSIAN ARMY OFFICER TO BE APPOINTED
AS THE FORCE COMMANDER OF UNOSOM II IN SOMALIA WITH RANK OF GENERAL &
COMMANDING TROOPS FROM 22 COUNTRIES. BEFORE HIS RETIREMENT IN 1995, WAS AS
PENASIHAT KHAS MISI PANGAMAN PERTUBUHAN BANGSA2 BERSATU TO PANGLIMA ANGKATAN
TENTERA MALAYSIA. A KEEN SPORTMAN, HE RESPRESENTED MALAYSIA IN HOCKEY AT THE
1962 ASIAN GAMES IN JAKARTA, INDONESIA. |
|
Other Info |
: |
INCLUDES COMMANDING OFFICER 7TH BATTALION
(1975-1976) PANGLIMA 5TH INFANTRY BRIGADE (1985-1987) PANGLIMA 10TH INFANTRY
BRIGADE (1988-1990) PANGLIMA 4TH INFANTRY DIVISION (1990-1993) PANGLIMA ARMY
FIELD HEADQUARTERS (1993-1994) IN 1960/61, AS PLATOON COMMANDER WITH 6TH
BATTALION OF THE ROYAL MALAY REGIMENT DEPLOYED IN KINDU, GOMA & BUKAVU IN
CONGO (NOW ZAIRE) THE KESATRIA MANGKU NEGARA (KMN) IN 1979 PANGLIMA GEMILANG
DARJAH KINABALU (PGDK) IN 1987 JOHAN SETIA MAHKOTA (JSM) IN 1990 DARJAH
SULTAN AHMAD SHAH (DSAS) PANGLIMA SETIA ANGKATAN TENTERA (PSAT) IN 1993
PANGLIMA GAGAH ANGKATAN TENTERA (PGAT) IN 1994 PANGLIMA SETIA MAHKOTA (PSM)
IN 1995 JEN (B) TAN SRI DATO |
DIRECTOR 4
|
Name Of Subject |
: |
JACKIE BLAINE BLACKBURN |
|
Address |
: |
78, LINGKUNGAN DUTAMAS, DUTA TROPIKA,
50480 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
466041499 |
|
Nationality |
: |
AMERICAN |
|
Date of Appointment |
: |
22/08/2013 |
DIRECTOR 5
|
Name Of Subject |
: |
MR. KOH SONG PAR |
|
Address |
: |
57, JALAN TEMBAGA MERAH 17, TAMAN SRI
SKUDAI, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
6024963 |
|
New IC No |
: |
601025-07-5345 |
|
Date of Birth |
: |
25/10/1960 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
15/01/2014 |
|
1) |
Name of Subject |
: |
KWAN CHEW YUNG |
|
Position |
: |
DIRECTOR, SALES MANAGER |
|
|
2) |
Name of Subject |
: |
CHAI BOEY WAH |
|
Position |
: |
FINANCIAL CONTROLLER |
|
|
Auditor |
: |
KPMG |
|
Auditor' Address |
: |
KPMG TOWER, 8, FIRST AVENUE, BANDAR UTAMA,
LEVEL 10, 47800 PETALING JAYA, SELANGOR, MALAYSIA. |
|
1) |
Company Secretary |
: |
MS. CHOONG LEE WAH |
|
IC / PP No |
: |
A2198581 |
|
|
New IC No |
: |
720801-14-5732 |
|
|
Address |
: |
20, JALAN 3, DESA JAYA, KEPONG, 52100
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
2) |
Company Secretary |
: |
MS. TAI YIT CHAN |
|
IC / PP No |
: |
A1167797 |
|
|
New IC No |
: |
690118-10-6160 |
|
|
Address |
: |
56, JALAN SS 22/29, DAMANSARA JAYA, 47400
PETALING JAYA, SELANGOR, MALAYSIA. |
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
DEUTSCHE BANK (MALAYSIA) BHD |
|
2) |
Name |
: |
RHB BANK BHD |
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
1 |
21/05/1988 |
N/A |
DEVELOPMENT COMMERCIAL BANK BHD |
MYR 1,620,000.00 |
Satisfied |
|
2 |
28/02/1989 |
N/A |
DEVELOPMENT COMMERCIAL BANK BHD |
MYR 1,500,000.00 |
Satisfied |
|
3 |
26/03/1990 |
N/A |
DEVELOPMENT COMMERCIAL BANK BERHAD |
MYR 3,420,000.00 |
Satisfied |
|
4 |
26/03/1990 |
N/A |
DEVELOPMENT COMMERCIAL BANK BERHAD |
MYR 2,800,000.00 |
Satisfied |
* 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 |
Percentage |
: |
45% |
|
Overseas |
: |
YES |
Percentage |
: |
55% |
|
Import Countries |
: |
ARGENTINA,CHINA |
|||
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 |
[ |
X |
] |
Good 31-60 Days |
[ |
] |
Average 61-90 Days |
[ |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Type of Customer |
: |
POULTRY FARMS |
|||
|
Products manufactured |
: |
|
||||||||
|
Ownership of premises |
: |
OWNED |
||||||||
|
Factory / Premises |
: |
2400 MK 1,
TINGKAT PERUSAHAAN 2, PRAI INDUSTRIAL COMPLEX, 13600 PRAI, PULAU PINANG,
MALAYSIA. |
||||||||
|
Shifts |
: |
2 |
||||||||
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2013 |
2012 |
2011 |
2010 |
||||
|
GROUP |
N/A |
N/A |
215 |
215 |
215 |
||||
|
COMPANY |
150 |
150 |
150 |
150 |
150 |
||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing of
animal feeds.
The Subject produces and sells the animal nutrition products and provides
consulting services to more than 1,000 customers across the poultry, swine,
fish, shrimp, ruminant and pet value chains.
The Subject also provides consulting services in feed manufacturing, farm
management, ingredient procurement, quality control and feed formulation to
feed companies, livestock integrators and farmers.
The Subject mainly produces four types of feeds as follows :
* Aquaculture Feed for marine shrimp, marine fish, fresh water fish, frog,
fresh water prawn and ornamental fish.
* Poultry Feed for various species including broiler, layer, duck, and quail.
* Swine Feed covers a full range of feeds that provides optimum nutrition to
the animals.
* Pet Food for dogs and cats.
In addition to complete feed, the Subject has a wide range of base mix products
for the home mix segment.
We were informed that the Subject produces its animal nutrition feeds in mash,
pallet, crumble and extruded forms.
Besides that, the Subject sells its products in bags of 20kg, 30kg and 50kg.
According to the Subject, it acts as the Headquarters and another two feedmills
in Peninsular Malaysia and one related feedmill, Desa Cargill Sdn Bhd based in
Sabah.
All the Subject's feedmills are equipped with advanced machineries and
warehouse to keep stocks.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-31011880 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
LOT 55711, DRY BULK TERMINAL, JALAN MAWAR,
WESTPORT, PULAU INDAH,42009,PELABUHAN KLANG,SELANGOR. |
|
Current Address |
: |
LOT 55711, DRY BULK TERMINAL, JALAN MAWAR,
WESTPORT, PULAU INDAH, 42009 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
YES |
Other
Investigations
On 16th May 2014 we contacted one of the staff from the Subject and she
provided some information.
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2009 - 2013 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2009 - 2013 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
8.62% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
17.46% |
] |
|
|
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. |
||||||
|
Working Capital
Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
18 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
34 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
21 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 |
: |
Favourable |
[ |
3.53 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
4.12 Times |
] |
|
|
A minimum liquid ratio of 1 should be
maintained by the Subject in order to assure its creditors of its ability to
meet short term obligations and the Subject was in a good liquidity position.
Thus, we believe the Subject is able to meet all its short term obligations
as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Favourable |
[ |
5,557.80 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The interest cover showed that the Subject
was able to service the interest. The favourable interest cover could
indicate that the Subject was making enough profit to pay for the interest
accrued. The Subject had no gearing and hence it had virtually no financial
risk. The Subject was financed by its shareholders' funds and internally
generated fund. During the economic downturn, the Subject, having a zero
gearing, will be able to compete better than those which are highly geared in
the same industry. |
||||||
|
Overall
Assessment : |
||||||
|
Generally, the Subject's performance has
improved with higher turnover and profit. The Subject was in good liquidity
position with its total current liabilities well covered by its total current
assets. With its current net assets, the Subject should be able to repay its
short term obligations. With the favourable interest cover, the Subject could
be able to service all the accrued interest without facing any difficulties.
The Subject was a zero gearing company, it was solely dependant on its
shareholders to provide funds to finance its business. The Subject has good
chance of getting loans, if the needs arises. |
||||||
|
Overall
financial condition of the Subject : STRONG |
||||||
|
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 |
|
|
10800 : Manufacture of prepared animal
feeds |
|
|
INDUSTRY : |
MANUFACTURING |
|
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 domesticoriented 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. |
|
|
Value-added of the manufacturing sector expanded
5% during the first half of 2012. Output of the sector rose 5.2% during the
first sevenmonths of 2012 in line with the increase in sales value of
manufactured products by 6.5% to RM363.1 billion. Output from
domesticoriented industries continued to expand 8.6% while export-oriented
industries grew 4.1%. |
|
|
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. |
|
|
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. |
|
|
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. |
|
|
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. |
|
|
Tax and non-tax incentives provided by
goverment encourage manufacturers to move up the value chain of manufacturing
industry. The new growth initiatives by goverment 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. |
|
|
OVERALL INDUSTRY
OUTLOOK : Average Growth |
|
|
|
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
CARGILL FEED
SDN. BHD. |
|
Financial Year End |
2013-05-31 |
2012-05-31 |
2011-05-31 |
2010-05-31 |
2009-05-31 |
|
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 |
|
TURNOVER |
477,783,000 |
403,719,000 |
369,327,000 |
358,730,000 |
451,568,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
477,783,000 |
403,719,000 |
369,327,000 |
358,730,000 |
451,568,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
27,784,000 |
14,973,000 |
14,745,000 |
17,090,000 |
16,102,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
27,784,000 |
14,973,000 |
14,745,000 |
17,090,000 |
16,102,000 |
|
Taxation |
(7,038,000) |
(3,486,000) |
(4,459,000) |
(4,450,000) |
(2,973,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
20,746,000 |
11,487,000 |
10,286,000 |
12,640,000 |
13,129,000 |
|
Minority interests |
(7,097,000) |
(4,334,000) |
(4,652,000) |
(5,057,000) |
(2,179,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
13,649,000 |
7,153,000 |
5,634,000 |
7,583,000 |
10,950,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
13,649,000 |
7,153,000 |
5,634,000 |
7,583,000 |
10,950,000 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
111,786,000 |
104,633,000 |
103,821,000 |
102,553,000 |
92,522,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
111,786,000 |
104,633,000 |
103,821,000 |
102,553,000 |
92,522,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
125,435,000 |
111,786,000 |
109,455,000 |
110,136,000 |
103,472,000 |
|
DIVIDENDS - Ordinary (paid & proposed) |
(4,822,000) |
- |
(4,822,000) |
(6,315,000) |
(919,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
120,613,000 |
111,786,000 |
104,633,000 |
103,821,000 |
102,553,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
Others |
5,000 |
20,000 |
3,000 |
6,000 |
92,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
5,000 |
20,000 |
3,000 |
6,000 |
92,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
BALANCE SHEET |
|
CARGILL FEED
SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
36,391,000 |
36,030,000 |
32,566,000 |
31,246,000 |
30,683,000 |
|
Deferred assets |
66,000 |
63,000 |
- |
295,000 |
142,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
66,000 |
63,000 |
- |
295,000 |
142,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
36,457,000 |
36,093,000 |
32,566,000 |
31,541,000 |
30,825,000 |
|
Stocks |
23,225,000 |
29,344,000 |
31,421,000 |
29,270,000 |
25,087,000 |
|
Trade debtors |
44,259,000 |
33,937,000 |
35,496,000 |
28,227,000 |
36,378,000 |
|
Other debtors, deposits & prepayments |
591,000 |
795,000 |
678,000 |
631,000 |
1,237,000 |
|
Short term deposits |
23,500,000 |
16,000,000 |
10,500,000 |
12,000,000 |
16,700,000 |
|
Amount due from holding company |
58,758,000 |
54,481,000 |
50,830,000 |
57,672,000 |
50,247,000 |
|
Amount due from related companies |
152,000 |
142,000 |
58,000 |
155,000 |
2,064,000 |
|
Cash & bank balances |
11,591,000 |
7,028,000 |
7,928,000 |
7,541,000 |
6,689,000 |
|
Others |
- |
828,000 |
892,000 |
489,000 |
892,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
162,076,000 |
142,555,000 |
137,803,000 |
135,985,000 |
139,294,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
198,533,000 |
178,648,000 |
170,369,000 |
167,526,000 |
170,119,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade creditors |
26,961,000 |
23,149,000 |
29,276,000 |
31,207,000 |
33,719,000 |
|
Other creditors & accruals |
6,828,000 |
6,096,000 |
4,666,000 |
5,381,000 |
5,596,000 |
|
Amounts owing to holding company |
1,620,000 |
684,000 |
73,000 |
24,000 |
42,000 |
|
Amounts owing to related companies |
2,949,000 |
2,797,000 |
1,977,000 |
1,024,000 |
1,352,000 |
|
Provision for taxation |
981,000 |
493,000 |
14,000 |
- |
- |
|
Other liabilities |
- |
- |
752,000 |
354,000 |
625,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
39,339,000 |
33,219,000 |
36,758,000 |
37,990,000 |
41,334,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
122,737,000 |
109,336,000 |
101,045,000 |
97,995,000 |
97,960,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
159,194,000 |
145,429,000 |
133,611,000 |
129,536,000 |
128,785,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
9,185,000 |
9,185,000 |
9,185,000 |
9,185,000 |
9,185,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
9,185,000 |
9,185,000 |
9,185,000 |
9,185,000 |
9,185,000 |
|
Retained profit/(loss) carried forward |
120,613,000 |
111,786,000 |
104,633,000 |
103,821,000 |
102,553,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
120,613,000 |
111,786,000 |
104,633,000 |
103,821,000 |
102,553,000 |
|
MINORITY INTEREST |
28,563,000 |
23,524,000 |
19,190,000 |
16,302,000 |
16,866,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
158,361,000 |
144,495,000 |
133,008,000 |
129,308,000 |
128,604,000 |
|
Deferred taxation |
833,000 |
934,000 |
603,000 |
228,000 |
181,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
833,000 |
934,000 |
603,000 |
228,000 |
181,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
159,194,000 |
145,429,000 |
133,611,000 |
129,536,000 |
128,785,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCIAL RATIO |
|
CARGILL FEED
SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
35,091,000 |
23,028,000 |
18,428,000 |
19,541,000 |
23,389,000 |
|
Net Liquid Funds |
35,091,000 |
23,028,000 |
18,428,000 |
19,541,000 |
23,389,000 |
|
Net Liquid Assets |
99,512,000 |
79,992,000 |
69,624,000 |
68,725,000 |
72,873,000 |
|
Net Current Assets/(Liabilities) |
122,737,000 |
109,336,000 |
101,045,000 |
97,995,000 |
97,960,000 |
|
Net Tangible Assets |
159,194,000 |
145,429,000 |
133,611,000 |
129,536,000 |
128,785,000 |
|
Net Monetary Assets |
98,679,000 |
79,058,000 |
69,021,000 |
68,497,000 |
72,692,000 |
|
BALANCE SHEET
ITEMS |
|||||
|
Total Borrowings |
0 |
0 |
0 |
0 |
0 |
|
Total Liabilities |
40,172,000 |
34,153,000 |
37,361,000 |
38,218,000 |
41,515,000 |
|
Total Assets |
198,533,000 |
178,648,000 |
170,369,000 |
167,526,000 |
170,119,000 |
|
Net Assets |
159,194,000 |
145,429,000 |
133,611,000 |
129,536,000 |
128,785,000 |
|
Net Assets Backing |
158,361,000 |
144,495,000 |
133,008,000 |
129,308,000 |
128,604,000 |
|
Shareholders' Funds |
158,361,000 |
144,495,000 |
133,008,000 |
129,308,000 |
128,604,000 |
|
Total Share Capital |
9,185,000 |
9,185,000 |
9,185,000 |
9,185,000 |
9,185,000 |
|
Total Reserves |
120,613,000 |
111,786,000 |
104,633,000 |
103,821,000 |
102,553,000 |
|
LIQUIDITY
(Times) |
|||||
|
Cash Ratio |
0.89 |
0.69 |
0.50 |
0.51 |
0.57 |
|
Liquid Ratio |
3.53 |
3.41 |
2.89 |
2.81 |
2.76 |
|
Current Ratio |
4.12 |
4.29 |
3.75 |
3.58 |
3.37 |
|
WORKING CAPITAL
CONTROL (Days) |
|||||
|
Stock Ratio |
18 |
27 |
31 |
30 |
20 |
|
Debtors Ratio |
34 |
31 |
35 |
29 |
29 |
|
Creditors Ratio |
21 |
21 |
29 |
32 |
27 |
|
SOLVENCY RATIOS
(Times) |
|||||
|
Gearing Ratio |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liabilities Ratio |
0.25 |
0.24 |
0.28 |
0.30 |
0.32 |
|
Times Interest Earned Ratio |
5,557.80 |
749.65 |
4,916.00 |
2,849.33 |
176.02 |
|
Assets Backing Ratio |
17.33 |
15.83 |
14.55 |
14.10 |
14.02 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating Profit Margin |
5.82 |
3.71 |
3.99 |
4.76 |
3.57 |
|
Net Profit Margin |
2.86 |
1.77 |
1.53 |
2.11 |
2.42 |
|
Return On Net Assets |
17.46 |
10.31 |
11.04 |
13.20 |
12.57 |
|
Return On Capital Employed |
14.80 |
8.87 |
9.65 |
11.72 |
11.12 |
|
Return On Shareholders' Funds/Equity |
8.62 |
4.95 |
4.24 |
5.86 |
8.51 |
|
Dividend Pay Out Ratio (Times) |
0.35 |
0.00 |
0.86 |
0.83 |
0.08 |
|
NOTES TO
ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.48 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.79.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
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.