|
Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
BARRY CALLEBAUT
MALAYSIA SDN. BHD. |
|
|
|
|
Formerly Known as : |
Kl-Kepong Cocoa Products Sdn Bhd |
|
|
|
|
Registered Office : |
Lot 6.05, Kpmg Tower, 8, First Avenue, Bandar Utama, Level 6, 47800
Petaling Jaya, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.08.2012 |
|
|
|
|
Date of Incorporation : |
27.06.1990 |
|
|
|
|
Com. Reg. No.: |
200081-D |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Engaged in
Producing Chocolate and Cocoa Products Subject's products ranges
includes Chocolate Blocks, Chocolate Nuggets, Bakable Chocolate Chips,
Chocolate Couverture, Chocolate Spread, Chocolate Glaze, Chocolate Paste,
Chocolate And Compound Ice Cream Coatings, Cocoa Mass And Liquor, Cocoa
Preparation, Cocoa Mass, Hazelnut Spread, Hazelnut Glaze, Hazelnut Paste,
Cocoa Butter & Lecithinated Cocoa Powder. |
|
|
|
|
No of Employees : |
320 [2014] |
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 |
|
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 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 |
* Adopted abbreviations : |
SC - Subject Company (the company enquired
by you) |
|
|
N/A - Not Applicable |
|
REGISTRATION NO. |
: |
200081-D |
||||
|
COMPANY NAME |
: |
BARRY CALLEBAUT MALAYSIA
SDN. BHD. |
||||
|
FORMER NAME |
: |
KL-KEPONG COCOA PRODUCTS SDN BHD
(11/07/2008) |
||||
|
INCORPORATION DATE |
: |
27/06/1990 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
|
|
|
||||
|
|
|
|
||||
|
REGISTERED ADDRESS |
: |
LOT 6.05, KPMG TOWER, 8, FIRST AVENUE,
BANDAR UTAMA, LEVEL 6, 47800 PETALING JAYA, SELANGOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LOT 2, LEBUH SULTAN MOHAMED 1, BANDAR
SULTAN SULEIMAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-31693333 |
||||
|
FAX.NO. |
: |
03-31693288 |
||||
|
WEB SITE |
: |
|||||
|
CONTACT PERSON |
: |
MAURIZIO DECIO ( PRESIDENT ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
10732 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING OF CHOCOLATES & OTHER
RELATED PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 40,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 35,000,000.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
MYR 718,888,000 [2012] |
||||
|
NET WORTH |
: |
MYR 213,478,000 [2012] |
||||
|
M1000 OVERALL RANKING |
: |
564[2011] |
||||
|
M1000 INDUSTRY RANKING |
: |
29[2011] |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
320 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
AVERAGE |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
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 chocolates & other related products.
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 |
|
|
OVERALL RANKING |
564 |
686 |
997 |
|
|
INDUSTRY RANKING |
29 |
21 |
18 |
|
The immediate holding company of the Subject is BARRY CALLEBAUT DECORATIONS B.V., a company incorporated in NETHERLANDS.
The ultimate holding company of the Subject is BARRY CALLEBAUT AG, a company incorporated in SWITZERLAND.
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
15/02/2013 |
MYR 40,000,000.00 |
MYR 35,000,000.00 |
|
11/12/1998 |
MYR 20,000,000.00 |
MYR 20,000,000.00 |
|
21/12/1995 |
MYR 16,500,000.00 |
MYR 16,500,000.00 |
|
25/05/1992 |
MYR 15,000,000.00 |
MYR 15,000,000.00 |
|
19/05/1992 |
MYR 15,000,000.00 |
MYR 14,000,000.00 |
|
23/04/1992 |
MYR 15,000,000.00 |
MYR 13,000,000.00 |
|
16/03/1992 |
MYR 15,000,000.00 |
MYR 11,000,000.00 |
|
21/02/1992 |
MYR 15,000,000.00 |
MYR 10,000,000.00 |
|
21/01/1992 |
MYR 15,000,000.00 |
MYR 9,000,000.00 |
|
20/12/1991 |
MYR 15,000,000.00 |
MYR 8,000,000.00 |
|
22/11/1991 |
MYR 15,000,000.00 |
MYR 7,000,000.00 |
|
15/10/1991 |
MYR 15,000,000.00 |
MYR 6,200,000.00 |
|
01/07/1991 |
MYR 15,000,000.00 |
MYR 5,400,000.00 |
|
14/06/1991 |
MYR 15,000,000.00 |
MYR 4,400,000.00 |
|
24/09/1990 |
MYR 1,000,000.00 |
MYR 100,000.00 |
|
27/06/1990 |
MYR 25,000.00 |
MYR 2.00 |
The major
shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
BARRY CALLEBAUT DECORATIONS B.V. |
DE AMBACHTEN 35, 4881, XZ ZUNDERT,
NETHERLANDS. |
20085851 |
21,000,000.00 |
60.00 |
|
BARRY CALLEBAUT BELGIUM NV |
AALSTERSESTRAAT 122, B-9280,
LEBBEKE-WIEZE, BELGIUM. |
0438.950.833 |
14,000,000.00 |
40.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
35,000,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
The Subject's interest
in other companies (Subsidiaries/Associates) are shown as follow :
Local No |
Country |
Company |
(%) |
As At |
|
606642M |
MALAYSIA |
SELBOURNE FOOD SERVICES SDN. BHD. |
100.00 |
29/03/2013 |
|
|
|
|
|
|
DIRECTOR 1
|
Name Of Subject |
: |
MS. NG YIN PING |
|
Address |
: |
A7-3, FLORA GREEN CONDOMINIUM, JALAN SUNGAI LONG, BANDAR SUNGAI LONG, 43000 KAJANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
4876488 |
|
New IC No |
: |
551111-10-5480 |
|
Date of Birth |
: |
11/11/1955 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN CHINESE |
|
Date of Appointment |
: |
25/10/2010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
VIKTOR WALDEMAR BALLI |
|
Address |
: |
NIDELBADSTRASSE 96, 8803, RUSCHLIKON ZH, SWITZERLAND. |
|
IC / PP No |
: |
X3387098 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SWISS |
|
Date of Appointment |
: |
30/05/2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
MIKAEL BERTIL NEGLEN |
|
Address |
: |
UNIT B15-19, WINDSOR TOWER, SERVICE APARTMENT, 62, JALAN SRI HARTAMAS 1, 50480 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
X3670091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
SWISS |
|
Date of Appointment |
: |
17/09/2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) |
Name of Subject |
: |
MAURIZIO DECIO |
|
|
Position |
: |
PRESIDENT |
|
|
|
|
|
|
2) |
Name of Subject |
: |
NG YIN PING |
|
|
Position |
: |
MANAGING DIRECTOR |
|
|
|
|
|
|
3) |
Name of Subject |
: |
LILI |
|
|
Position |
: |
ASSISTANT CREDIT CONTOL MANAGER |
|
Auditor |
: |
KPMG |
|
Auditor' Address |
: |
KPMG TOWER, 8, FIRST AVENUE, BANDAR UTAMA, LEVEL 10, 47800 PETALING JAYA, SELANGOR, MALAYSIA. |
|
|
|
|
|
1) |
Company Secretary |
: |
MS. NG YIN PING |
|
|
IC / PP No |
: |
4876488 |
|
|
New IC No |
: |
551111-10-5480 |
|
|
Address |
: |
A7-3, FLORA GREEN CONDOMINIUM, JALAN SUNGAI LONG, BANDAR SUNGAI LONG, 43000 KAJANG, SELANGOR, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2) |
Company Secretary |
: |
MS. TAN AI NING |
|
|
IC / PP No |
: |
A1846076 |
|
|
New IC No |
: |
710325-10-5406 |
|
|
Address |
: |
7-8-1, MENARA HARTAMAS, JALAN SRI HARTAMAS 3, 50480 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking relations are maintained
principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
|
|
No encumbrance was found in our databank at the time of investigation.
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection since 1990. Information
was provided by third party where the debt amount can be disputed. Please check
with creditors for confirmation as alleged debts may have been paid since
recorded or are being disputed.
No blacklisted record & debt collection case was found in our defaulters'
databank.
|
SOURCES OF RAW MATERIALS: |
|||
|
Local |
: |
YES |
|
|
Overseas |
: |
YES |
|
|
Import Countries |
: |
UNITED STATES,BRAZIL,EUROPE |
|
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 |
[ |
|
] |
|
|
|
|
|
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES |
|||
|
Type of Customer |
: |
FOOD MANUFACTURERS,DISTRIBUTORS |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Products manufactured |
: |
|
|||||
|
|
|
|
|||||
|
Product Brand Name |
: |
|
|||||
|
|
|
|
|||||
|
Award |
: |
1 ) MS ISO 9001 : 2000 Year :1995
|
|||||
|
|
|
|
|||||
|
Competitor(s) |
: |
COCOAHOUSE INDUSTRIES SDN BHD
|
|||||
|
|
|
|
|||||
|
Member(s) / Affiliate(s) |
: |
FEDERATION OF MALAYSIAN MANUFACTURERS
(FMM) SMI ASSOCIATION OF MALAYSIA MALAYSIA EXTERNAL TRADE DEVELOPMENT
CORPORATION (MATRADE) SMALL & MEDIUM ENTERPRISE MALAYSIA FOOD & BEVERAGE INDUSTRY |
|||||
|
|
|
|
|||||
|
Ownership of premises |
: |
OWNED
|
|||||
|
Factory Size |
: |
7 ACRES
|
|||||
|
Production Capacity |
: |
|
|||||
|
Shifts |
: |
3
|
|||||
|
|
|
|
|
Total
Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
|
|
|
|
|
COMPANY |
320 |
320 |
323 |
320 |
320 |
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing of
chocolates & other related products.
The Subject's products ranges are includes chocolate blocks, chocolate nuggets,
bakable chocolate chips, chocolate couverture, chocolate spread, chocolate
glaze, chocolate paste, chocolate and compound ice cream coatings, cocoa mass
and liquor, cocoa preparation, cocoa mass, hazelnut spread, hazelnut glaze,
hazelnut paste, cocoa butter & lecithinated cocoa powder.
We were informed that the Subject supplies high quality of cocoa products using
the state of art processing technologies.
The Subject manufactures premium quality coverture and compound chocolate for
various industrial confectioners and bakeries applications.
Besides that the Subject has its own R & D department to meet the
customers' requirements and also to maintain the quality of its products.
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
0331693333 |
|
Current Telephone Number |
: |
03-31693333 |
|
Match |
: |
YES |
|
|
|
|
|
Address Provided by Client |
: |
LOT 2, LEBUH SULTAN MOHAMED 1, BANDAR
SULTAN SULEIMAN,42000,PELABUHAN KLANG,SELANGOR. |
|
Current Address |
: |
LOT 2, LEBUH SULTAN MOHAMED 1, BANDAR
SULTAN SULEIMAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
|
|
|
|
Latest Financial Accounts |
: |
YES |
Other
Investigations
we contacted one of
the staff from the Subject and she provided some information.
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Erratic |
[ |
2008 - 2012 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2008 - 2012 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
7.16% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
10.24% |
] |
|
|
|
|
|
|
|
|
|
|
The fluctuating turnover reflects the
fierce competition among the existing and new market players.The Subject's
profit fell sharply because of the high operating costs incurred. 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 |
: |
Unfavourable |
[ |
118 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
14 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
21 Days |
] |
|
|
|
|
|
|
|
|
|
|
The Subject could be incurring higher
holding cost. As its capital was tied up in stocks, it could face liquidity
problems. 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 |
: |
Unfavourable |
[ |
0.60 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.41 Times |
] |
|
|
|
|
|
|
|
|
|
|
A low liquid ratio means that the Subject
may be facing working capital deficiency. If the Subject cannot obtain additional
financing or injection of fresh capital, it may face difficulties in meeting
its short term obligations. |
||||||
|
|
|
|
|
|
|
|
|
Solvency |
|
|
|
|
|
|
|
Interest Cover |
: |
Favourable |
[ |
18.27 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.02 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 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. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall
Assessment : |
|
|
|
|
|
|
|
The Subject recorded lower profits as its turnover
showed a erratic trend. The Subject's management was unable to control its
costs efficiently as its profit showed a downward trend. Due to its weak
liquidity position, the Subject will be faced with problems in meeting all
its short term obligations if no short term loan is obtained or additional
capital injected into the Subject. With the favourable interest cover, the
Subject could be able to service all the accrued interest without facing any
difficulties. 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. |
||||||
|
|
|
|
|
|
|
|
|
Overall
financial condition of the Subject : FAIR |
||||||
|
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 |
|
|
10732 : Manufacture of chocolate and chocolate products |
|
|
|
|
|
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 |
|
|
Incorporated in 1990, the Subject is a
Private Limited company, focusing on manufacturing of chocolates & other
related products. The Subject has been in business for over two decades. It has
built up a strong clientele base and good reputation will enable the Subject
to further enhance its business in the near term. The Subject is expected to
enjoy a stable market shares. Having strong support from its holding company
has enabled the Subject to remain competitive despite the challenging
business environment. The Subject is a large entity with strong capital
position. We are confident with the Subject's business and its future growth
prospect. 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 a fairly large and rapidly growing company with over 320 staff in
its operations. Overall, we regard that the Subject's management capability
is average. This indicates that the Subject has greater potential to improve
its business performance and raising income for the Subject. The Subject's payment habit is average.
With its adequate working capital, the Subject should be able to pay its
short term debts. The industry shows an upward trend and
this trend is very likely to sustain in the near terms. Hence, the Subject is
expected to benefit from the favourable outlook of the industry. Based on the above condition, we recommend
credit be granted to the Subject promptly. |
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
BARRY CALLEBAUT
MALAYSIA SDN. BHD. |
|
Financial Year End |
2012-08-31 |
2011-08-31 |
2010-08-31 |
2009-08-31 |
2008-09-30 |
|
Months |
12 |
12 |
12 |
11 |
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 |
718,888,000 |
767,085,000 |
762,606,000 |
561,749,000 |
591,408,000 |
|
Other Income |
3,721,000 |
7,007,000 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
722,609,000 |
774,092,000 |
762,606,000 |
561,749,000 |
591,408,000 |
|
Costs of Goods Sold |
(668,397,000) |
(700,420,000) |
(732,679,000) |
(543,444,000) |
(541,042,000) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Gross Profit |
54,212,000 |
73,672,000 |
29,927,000 |
18,305,000 |
50,366,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
20,796,000 |
42,123,000 |
19,326,000 |
4,902,000 |
31,761,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
20,796,000 |
42,123,000 |
19,326,000 |
4,902,000 |
31,761,000 |
|
Taxation |
(5,510,000) |
(7,906,000) |
(3,633,000) |
(598,000) |
(3,798,000) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
15,286,000 |
34,217,000 |
15,693,000 |
4,304,000 |
27,963,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
158,192,000 |
123,975,000 |
112,769,000 |
108,465,000 |
81,502,000 |
|
Prior year adjustment |
- |
- |
(4,487,000) |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
158,192,000 |
123,975,000 |
108,282,000 |
108,465,000 |
81,502,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
173,478,000 |
158,192,000 |
123,975,000 |
112,769,000 |
109,465,000 |
|
TRANSFER TO RESERVES - General |
- |
- |
- |
- |
(1,000,000) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
173,478,000 |
158,192,000 |
123,975,000 |
112,769,000 |
108,465,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
Term loan / Borrowing |
264,000 |
1,068,000 |
1,150,000 |
1,513,000 |
969,000 |
|
Others |
940,000 |
545,000 |
1,280,000 |
2,112,000 |
3,679,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,204,000 |
1,613,000 |
2,430,000 |
3,625,000 |
4,648,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
BARRY CALLEBAUT MALAYSIA
SDN. BHD. |
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
97,010,000 |
87,460,000 |
73,287,000 |
79,556,000 |
87,743,000 |
|
|
|
|
|
|
|
|
Goodwill on consolidation |
828,000 |
631,000 |
445,000 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL INTANGIBLE ASSETS |
828,000 |
631,000 |
445,000 |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
97,838,000 |
88,091,000 |
73,732,000 |
79,556,000 |
87,743,000 |
|
|
|
|
|
|
|
|
Stocks |
232,511,000 |
158,650,000 |
150,436,000 |
175,890,000 |
204,373,000 |
|
Trade debtors |
27,264,000 |
47,247,000 |
53,458,000 |
36,213,000 |
27,581,000 |
|
Other debtors, deposits & prepayments |
82,297,000 |
30,142,000 |
46,400,000 |
1,579,000 |
8,042,000 |
|
Amount due from related companies |
60,079,000 |
30,832,000 |
17,020,000 |
44,813,000 |
4,892,000 |
|
Cash & bank balances |
317,000 |
3,622,000 |
4,369,000 |
12,636,000 |
18,840,000 |
|
Others |
707,000 |
43,000 |
774,000 |
1,376,000 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
403,175,000 |
270,536,000 |
272,457,000 |
272,507,000 |
263,728,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
501,013,000 |
358,627,000 |
346,189,000 |
352,063,000 |
351,471,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Trade creditors |
38,939,000 |
25,248,000 |
38,113,000 |
40,655,000 |
11,574,000 |
|
Other creditors & accruals |
100,960,000 |
56,229,000 |
39,412,000 |
23,780,000 |
10,683,000 |
|
Bank overdraft |
4,277,000 |
- |
- |
- |
- |
|
Short term borrowings/Term loans |
- |
9,000,000 |
9,000,000 |
9,000,000 |
9,000,000 |
|
Other borrowings |
- |
- |
- |
17,615,000 |
33,500,000 |
|
Bill & acceptances payable |
- |
- |
- |
64,106,000 |
94,800,000 |
|
Amounts owing to related companies |
141,928,000 |
48,128,000 |
61,302,000 |
754,000 |
7,000 |
|
Provision for taxation |
- |
496,000 |
- |
- |
403,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
286,104,000 |
139,101,000 |
147,827,000 |
155,910,000 |
159,967,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
117,071,000 |
131,435,000 |
124,630,000 |
116,597,000 |
103,761,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
214,909,000 |
219,526,000 |
198,362,000 |
196,153,000 |
191,504,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
35,000,000 |
35,000,000 |
35,000,000 |
35,000,000 |
35,000,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
35,000,000 |
35,000,000 |
35,000,000 |
35,000,000 |
35,000,000 |
|
|
|
|
|
|
|
|
Retained profit/(loss) carried forward |
173,478,000 |
158,192,000 |
123,975,000 |
112,769,000 |
108,465,000 |
|
Capital redemption reserve |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
178,478,000 |
163,192,000 |
128,975,000 |
117,769,000 |
113,465,000 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
213,478,000 |
198,192,000 |
163,975,000 |
152,769,000 |
148,465,000 |
|
|
|
|
|
|
|
|
Long term loans |
- |
18,000,000 |
27,000,000 |
36,000,000 |
36,000,000 |
|
Deferred taxation |
1,431,000 |
3,334,000 |
7,387,000 |
7,384,000 |
7,039,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
1,431,000 |
21,334,000 |
34,387,000 |
43,384,000 |
43,039,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
214,909,000 |
219,526,000 |
198,362,000 |
196,153,000 |
191,504,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BARRY CALLEBAUT
MALAYSIA SDN. BHD. |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Cash |
317,000 |
3,622,000 |
4,369,000 |
12,636,000 |
18,840,000 |
|
Net Liquid Funds |
(3,960,000) |
3,622,000 |
4,369,000 |
(51,470,000) |
(75,960,000) |
|
Net Liquid Assets |
(115,440,000) |
(27,215,000) |
(25,806,000) |
(59,293,000) |
(100,612,000) |
|
Net Current Assets/(Liabilities) |
117,071,000 |
131,435,000 |
124,630,000 |
116,597,000 |
103,761,000 |
|
Net Tangible Assets |
214,081,000 |
218,895,000 |
197,917,000 |
196,153,000 |
191,504,000 |
|
Net Monetary Assets |
(116,871,000) |
(48,549,000) |
(60,193,000) |
(102,677,000) |
(143,651,000) |
|
BALANCE SHEET
ITEMS |
|
|
|
|
|
|
Total Borrowings |
4,277,000 |
27,000,000 |
36,000,000 |
126,721,000 |
173,300,000 |
|
Total Liabilities |
287,535,000 |
160,435,000 |
182,214,000 |
199,294,000 |
203,006,000 |
|
Total Assets |
501,013,000 |
358,627,000 |
346,189,000 |
352,063,000 |
351,471,000 |
|
Net Assets |
214,909,000 |
219,526,000 |
198,362,000 |
196,153,000 |
191,504,000 |
|
Net Assets Backing |
213,478,000 |
198,192,000 |
163,975,000 |
152,769,000 |
148,465,000 |
|
Shareholders' Funds |
213,478,000 |
198,192,000 |
163,975,000 |
152,769,000 |
148,465,000 |
|
Total Share Capital |
35,000,000 |
35,000,000 |
35,000,000 |
35,000,000 |
35,000,000 |
|
Total Reserves |
178,478,000 |
163,192,000 |
128,975,000 |
117,769,000 |
113,465,000 |
|
LIQUIDITY
(Times) |
|
|
|
|
|
|
Cash Ratio |
0.00 |
0.03 |
0.03 |
0.08 |
0.12 |
|
Liquid Ratio |
0.60 |
0.80 |
0.83 |
0.62 |
0.37 |
|
Current Ratio |
1.41 |
1.94 |
1.84 |
1.75 |
1.65 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
|
|
|
|
Stock Ratio |
118 |
75 |
72 |
114 |
126 |
|
Debtors Ratio |
14 |
22 |
26 |
24 |
17 |
|
Creditors Ratio |
21 |
13 |
19 |
27 |
8 |
|
SOLVENCY RATIOS
(Times) |
|
|
|
|
|
|
Gearing Ratio |
0.02 |
0.14 |
0.22 |
0.83 |
1.17 |
|
Liabilities Ratio |
1.35 |
0.81 |
1.11 |
1.30 |
1.37 |
|
Times Interest Earned Ratio |
18.27 |
27.11 |
8.95 |
2.35 |
7.83 |
|
Assets Backing Ratio |
6.12 |
6.25 |
5.65 |
5.60 |
5.47 |
|
PERFORMANCE RATIO
(%) |
|
|
|
|
|
|
Operating Profit Margin |
2.89 |
5.49 |
2.53 |
0.87 |
5.37 |
|
Net Profit Margin |
2.13 |
4.46 |
2.06 |
0.77 |
4.73 |
|
Return On Net Assets |
10.24 |
19.92 |
10.97 |
4.35 |
19.01 |
|
Return On Capital Employed |
10.00 |
19.87 |
10.94 |
4.35 |
19.01 |
|
Return On Shareholders' Funds/Equity |
7.16 |
17.26 |
9.57 |
2.82 |
18.83 |
|
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.58.58 |
|
UK Pound |
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.