|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNIMED SDN. BHD. |
|
|
|
|
Registered Office : |
30-1, Jalan Kuchai Maju 8, Off Jalan Kuchai Lama, 58200 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
08.04.1981 |
|
|
|
|
Com. Reg. No.: |
69359-V |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trader of Pharmaceutical Products |
|
|
|
|
No of Employees : |
60 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
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. |
: |
69359-V |
||||
|
COMPANY NAME |
: |
UNIMED SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
08/04/1981 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
|
|
|
||||
|
|
|
|
||||
|
REGISTERED ADDRESS |
: |
30-1, JALAN KUCHAI MAJU 8, OFF JALAN KUCHAI
LAMA, 58200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
NO 53, JALAN TEMBAGA SD 5/2B, BANDAR SRI
DAMANSARA, 52200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-62721853 |
||||
|
FAX.NO. |
: |
03-62721893 |
||||
|
EMAIL |
: |
UNIMED81@TM.NET.MY |
||||
|
WEB SITE |
: |
WWW.UNIMED.COM.MY. |
||||
|
CONTACT PERSON |
: |
MOHD AMIRUDDIN ARUMUGAM BIN ABDULLAH (
MANAGING DIRECTOR ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
46421 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF PHARMACEUTICAL PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 1,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 788,000.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
MYR 28,900,092 [2013] |
||||
|
NET WORTH |
: |
MYR 3,200,244 [2013] |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
60 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
POOR |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
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) trading of pharmaceutical products.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Share Capital
History
|
Date |
Authorised
Shared Capital |
Issue & Paid
Up Capital |
|
20/03/2013 |
MYR 1,000,000.00 |
MYR 788,000.00 |
|
06/11/2002 |
MYR 500,000.00 |
MYR 350,000.00 |
|
31/03/1997 |
MYR 500,000.00 |
MYR 266,652.00 |
|
29/04/1987 |
MYR 200,000.00 |
MYR 133,326.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR. LOUIS A/L R SAVARIMUTHU |
711, DESA DAMANSARA KONDOMINIUM, 99, JALAN
SETIAKASIH, BUKIT DAMANSARA, 50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
480708-07-5311
1665305 |
340,362.00 |
43.19 |
|
MR. MOHD AMIRUDDIN ARUMUGAM BIN ABDULLAH + |
1A10/2/1, JALAN KAMPUNG PANDAN, 55100
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
470306-10-5451
7970817 |
221,669.00 |
28.13 |
|
MR. RAYAR A/L SOWRIMUTHU + |
32, JALAN ARA SD7/1, BANDAR SRI DAMANSARA,
52200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
591128-07-5595
5741071 |
137,281.00 |
17.42 |
|
MS. KOLANDAHMMAL A/P SAVARIMUTHU |
378, TAMAN USAHA EHSAN, DESA JAYA, 52100
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
451221-07-5464
3710413 |
32,029.00 |
4.06 |
|
MR. SUBRAMANIAM A/L GOVINDASAMY |
8, LORONG MASRIA 4, TAMAN BUNGA RAYA, SETAPAK,
53000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
590701-10-6637
5700396 |
18,011.00 |
2.29 |
|
MS. LOURTHU MARY A/P SAVARIMUTHU |
30, LORONG BATU NILAM 15B, BANDAR BUKIT
TINGGI, 41200 KLANG, SELANGOR, MALAYSIA. |
500821-07-5482
3781923 |
15,044.00 |
1.91 |
|
MR. THIRUMALAI @ MUNUSWAMY A/L ALWAR
PILLAI + |
30, LORONG BATU NILAM 15B, BANDAR BUKIT
TINGGI, 41000 KLANG, SELANGOR, MALAYSIA. |
491007-71-5041
7797664 |
12,932.00 |
1.64 |
|
MS. GEETHA A/P C R NARASIMHARAJ |
8, JALAN SARJANA SATU, TAMAN CONNAUGHT,
6TH MILES, CHERAS, 56000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
560119-10-5690
4912360 |
5,336.00 |
0.68 |
|
MS. IRUDAYAMARY A/P SAVARIMUTHU |
378, TAMAN USAHA EHSAN, DESA JAYA, 52100
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
411228-07-5356
2384075 |
5,336.00 |
0.68 |
|
|
|
|
--------------- |
------ |
|
|
|
|
788,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTORS |
DIRECTOR 1
|
Name Of Subject |
: |
MR. THIRUMALAI @ MUNUSWAMY A/L ALWAR PILLAI |
|
Address |
: |
30, LORONG BATU NILAM 15B, BANDAR BUKIT TINGGI, 41000 KLANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
7797664 |
|
New IC No |
: |
491007-71-5041 |
|
Date of Birth |
: |
07/10/1949 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN INDIAN |
|
Date of Appointment |
: |
03/10/1987 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
MR. RAYAR A/L SOWRIMUTHU |
|
Address |
: |
32, JALAN ARA SD7/1, BANDAR SRI DAMANSARA, 52200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
5741071 |
|
New IC No |
: |
591128-07-5595 |
|
Date of Birth |
: |
28/11/1959 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN INDIAN |
|
Date of Appointment |
: |
12/11/2002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
MR. MOHD AMIRUDDIN ARUMUGAM BIN ABDULLAH |
|
Address |
: |
1A10/2/1, JALAN KAMPUNG PANDAN, 55100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
7970817 |
|
New IC No |
: |
470306-10-5451 |
|
Date of Birth |
: |
06/03/1947 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN INDIAN |
|
Date of Appointment |
: |
25/09/1982 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MANAGEMENT |
|
|
|
1) |
Name of Subject |
: |
MOHD AMIRUDDIN ARUMUGAM BIN ABDULLAH |
|
|
Position |
: |
MANAGING DIRECTOR |
|
|
|
|
|
AUDITOR |
|
Auditor |
: |
INPANA & ASSOCIATES |
|
Auditor' Address |
: |
568-9-19, KOMPLEKS MUTIARA, 3 1/2 MILES, JALAN IPOH, 9TH FLOOR, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
|
|
|
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
MR. EDWARD OPHIR LEE |
|
|
IC / PP No |
: |
A2330002 |
|
|
New IC No |
: |
721228-04-5089 |
|
|
Address |
: |
12A, JALAN KHOO TEIK EE, OFF JALAN IMBI, 55100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANKING |
Banking relations are maintained principally with :
|
1) |
Name |
: |
CIMB BANK BHD |
|
|
|
|
|
|
|
|
|
|
|
2) |
Name |
: |
PUBLIC BANK BHD |
|
|
|
|
|
|
|
|
|
|
|
|
ENCUMBRANCE (S) |
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
1 |
22/02/1984 |
DEBENTURE:
HYPOTHECATION OF STOCKS |
UNITED ASIAN BANK BERHAD |
MYR 80,000.00 |
Satisfied |
|
2 |
23/03/1994 |
DEED OF ASSIGNMENT |
BANK OF COMMERCE (M) BERHAD |
MYR 150,000.00 |
Unsatisfied |
|
4 |
13/12/1996 |
LOAN AGREEMENT |
PUBLIC BANK BERHAD |
MYR 90,000.00 |
Unsatisfied |
|
3 |
18/11/1997 |
FIRST PARTY
SECOND LEGAL CHARGE |
BANK OF COMMERCE (M) BERHAD |
MYR 150,000.00 |
Unsatisfied |
|
5 |
22/02/2002 |
FIRST LEGAL
CHARGE (FIXED LOAN) & SECOND LEGAL CHARGE (LETTER OF CREDIT/TRUST
RECEIPT/SHIPPING GUARANTEE) |
PUBLIC BANK BERHAD |
MYR 366,000.00 |
Unsatisfied |
|
6 |
23/01/2003 |
OPEN ALL MONIES FIRST
LEGAL REGISTERED CHARGE |
PUBLIC BANK BERHAD |
- |
Unsatisfied |
|
7 |
22/12/2004 |
3RD LEGAL CHARGE |
BUMIPUTRA-COMMERCE BANK BERHAD |
MYR 250,000.00 |
Unsatisfied |
|
8 |
12/07/2005 |
DEED OF
ASSIGNMENT AND POWER OF ATTORNEY |
BUMIPUTRA-COMMERCE BNK BERHAD |
MYR 200,000.00 |
Unsatisfied |
|
9 |
26/06/2006 |
MEMORANDUM OF
FIXED DEPOSIT OF FIXED DEPOSIT RECEIPT |
BUMIPUTRA-COMMERCE BANK BERHAD |
- |
Unsatisfied |
|
10 |
18/11/2008 |
1ST PARTY 1ST LEGAL
CHARGE UNDER THE NATIONAL LAND CODE |
PUBLIC BANK BERHAD |
MYR 3,600,000.00 |
Unsatisfied |
|
11 |
05/06/2012 |
1ST PARTY
ASSIGNMENT UNDER THE NATIONAL LAND CODE AND BASIC DEBENTURE |
PUBLIC BANK BERHAD |
- |
Unsatisfied |
|
12 |
14/09/2012 |
SECURED OVER THE
EXISTING 1ST PARTY DEED OF ASSIGNMENT AND SECURED OVER A FIRST PARTY CHARGE |
PUBLIC BANK BERHAD |
MYR 1,000.00 |
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. 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.
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 |
|
|
|
|
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 |
[ |
|
] |
|
|
Fair 91-120 Days |
[ |
|
] |
|
Poor >120 Days |
[ |
X |
] |
|
|
|
|
|
|
CLIENTELE |
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|
|
|
|
|
|
|
|
|
|
|
Credit Term |
: |
N/A |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS |
|
Goods Traded |
: |
PHARMACEUTICALS
|
|
|
|
|
|
|
|
Member(s) / Affiliate(s) |
: |
SMI ASSOCIATION OF MALAYSIA |
|
|
|
|
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2013 |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
|
|
|
|
|
COMPANY |
60 |
70 |
50 |
40 |
50 |
|
|
|
|
|
Branch |
: |
NO
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of
pharmaceutical products.
The Subject is engaged in the promoting and marketing specialized
pharmaceutical finished formulations.
CURRENT INVESTIGATION |
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-62721853 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
53 JALAN TEMBAGA SD/2B, BANDAR SRI DAMANSARA 52200 KUALA LUMPUR |
|
Current Address |
: |
NO 53, JALAN TEMBAGA SD 5/2B, BANDAR SRI DAMANSARA, 52200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
YES |
|
|
|
|
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
FINANCIAL ANALYSIS |
|
|
|
Profitability |
|
|
|
|
|
|
|
Turnover |
: |
Erratic |
[ |
2009 - 2013 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2009 - 2013 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
16.79% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
10.63% |
] |
|
|
|
|
|
|
|
|
|
|
The fluctuating turnover reflects the fierce competition among the
existing and new market players.The dip in profit could be due to the stiff
market competition which reduced the Subject's profit margin. The Subject's
management had generated acceptable return for its shareholders using its
assets. |
||||||
|
|
|
|
|
|
|
|
|
Working Capital
Control |
|
|
|
|
|
|
|
Stock Ratio |
: |
Favourable |
[ |
42 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
217 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
406 Days |
] |
|
|
|
|
|
|
|
|
|
|
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 unfavourable creditors' ratio could be due to the Subject taking
advantage of the credit granted by its suppliers. However this may affect the
goodwill between the Subject and its suppliers and the Subject may
inadvertently have to pay more for its future supplies. |
||||||
|
|
|
|
|
|
|
|
|
Liquidity |
|
|
|
|
|
|
|
Liquid Ratio |
: |
Unfavourable |
[ |
0.79 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.91 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 |
: |
Unfavourable |
[ |
2.65 Times |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
3.10 Times |
] |
|
|
|
|
|
|
|
|
|
|
The Subject's interest cover was low. If its profits fall or when
interest rate rises, it may not be able to meet all its interest
payment. The Subject was highly geared, thus it had a high financial risk.
The Subject was dependent on loans to finance its business needs. In times of
economic downturn and / or high interest rate, the Subject will become less
profitable and competitive than other firms in the same industry, which are
lowly geared. This is because the Subject has to service the interest and to
repay the loan, which will erode part of its profits. The profits will
fluctuate depending on the Subject's turnover and the interest it needs to
pay. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overall
Assessment : |
|
|
|
|
|
|
|
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. If there is a fall in the Subject's profit or any increase in
interest rate, the Subject may not be able to generate sufficient cash-flow
to service its interest. The Subject's gearing level was high and its going
concern will be in doubt if there is no injection of additional shareholders'
funds in times of economic downturn and / or high interest rates. |
||||||
|
|
|
|
|
|
|
|
|
Overall
financial condition of the Subject : LIMITED |
||||||
MALAYSIA ECONOMIC / INDUSTRY OUTLOOK |
|
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 |
|||||
INDUSTRY ANALYSIS |
|
MSIC CODE |
|
|
46421 : Wholesale of pharmaceutical and
medical goods |
|
|
|
|
|
INDUSTRY : |
TRADING |
|
|
|
|
|
|
|
According to the Retail Group Malaysia (RGM), the wholesale and retail
trade sector forecast to grow to 6% in year 2013. During the first quarter of
year 2013, RGM is estimating the retail industry to grow 6.9%. Many retailers
have been enjoying better sales since the government handed out cash from
mid-January of 2013 under the second round of Bantuan Rakyat 1Malaysia to
more than 12 million Malaysians. Bookstores and related retail stores have
also started enjoying rising sales since the RM250 1Malaysia Book Voucher was
distributed to 1.3 million private and public university students. Besides,
since early February 2013, handphone traders and retailers selling smartphone
accessories have started to benefit from the RM200 rebate on smartphones for
1.5 million young adults aged between 21 and 30 years with a monthly income
of not more than RM3,000. |
|
|
|
|
|
The wholesale and retail trade sector grew 6.1% in the first half of
the year 2012 driven by strong domestic consumption and the increasing number
of large format stores operating in Malaysia, including 180 foreign
hypermarkets, superstores and departmental stores as at end of August 2012.
In addition, other indicators such as imports of consumption goods were
higher by 15.2%. |
|
|
|
|
|
In 2012, the wholesale and retail trade sector growth to 5.5% driven
by higher consumption which benefited from Government initiatives under the
2012 Budget such as BR1M, Baucar Buku 1Malaysia (BB1M) and the RM100
assistance for all primary and secondary school students. The performance of
the sector will also be supported by ongoing efforts to modernise the retail
segment under the ETP. In 2012, 500 retail shops and 50 workshops are
targeted to be modernised under the Retail Shop Transformation (TUKAR) and
Automotive Workshop Modernisation (ATOM) programmes, respectively. As at end
of July 2012, 95 workshops have been modernised, surpassing the yearly
target, while 393 retail shops have been modernised. |
|
|
|
|
|
Growth of the sector is anticipated to remain encouraging with ongoing
efforts by the Government to increase its contribution to the economy. Major
initiatives include increasing the number of large format stores such as
hypermarkets, superstores and departmental stores are carried out to boost
the economy. |
|
|
|
|
|
Over 60% of Gross Domestic Product (GDP) is contributed by domestic
consumption, therefore the wholesale and retail sector plays a crucial role
in driving Malaysia's growth over the next decade despite the ongoing global
economic slowdown. By 2020, Malaysia's wholesale and retail sector is
expected to boost the country's total Gross National Income (GNI) by RM156
billion, creating 454,190 new jobs. |
|
|
|
|
|
OVERALL INDUSTRY
OUTLOOK : Average Growth |
|
CREDIT RISK EVALUATION & RECOMMENDATION |
|
|
|
|
PROFIT AND LOSS ACCOUNT |
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
UNIMED SDN. BHD. |
|
Financial Year End |
2013-03-31 |
2012-03-31 |
2011-03-31 |
2010-03-31 |
2009-03-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
SUMMARY |
SUMMARY |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
|
|
|
|
|
|
|
TURNOVER |
28,900,092 |
30,404,653 |
22,215,901 |
14,050,163 |
11,181,863 |
|
Other Income |
731,548 |
493,588 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
29,631,640 |
30,898,241 |
22,215,901 |
14,050,163 |
11,181,863 |
|
Costs of Goods Sold |
(22,266,541) |
(24,256,612) |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
Gross Profit |
7,365,099 |
6,641,629 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
782,809 |
814,301 |
471,734 |
236,601 |
198,324 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
782,809 |
814,301 |
471,734 |
236,601 |
198,324 |
|
Taxation |
(245,616) |
(245,020) |
(125,238) |
(102,084) |
(80,821) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
537,193 |
569,281 |
346,496 |
134,517 |
117,503 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
|
As previously reported |
1,875,051 |
1,305,770 |
959,274 |
824,757 |
707,254 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
1,875,051 |
1,305,770 |
959,274 |
824,757 |
707,254 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
2,412,244 |
1,875,051 |
1,305,770 |
959,274 |
824,757 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
2,412,244 |
1,875,051 |
1,305,770 |
959,274 |
824,757 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|
|
|
|
|
|
Bank overdraft |
30,129 |
34,828 |
- |
- |
59,061 |
|
Hire purchase |
23,360 |
20,895 |
- |
- |
6,721 |
|
Term loan / Borrowing |
421,675 |
278,802 |
- |
- |
126,090 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
475,164 |
334,525 |
- |
- |
191,872 |
|
|
============= |
============= |
|
============= |
============= |
BALANCE SHEET |
|
|
|
UNIMED SDN. BHD. |
|
ASSETS EMPLOYED: |
|
|
|
|
|
|
FIXED ASSETS |
14,466,747 |
8,899,895 |
8,579,182 |
8,374,451 |
6,895,078 |
|
|
|
|
|
|
|
|
Investments |
8,750 |
8,750 |
- |
- |
8,750 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
8,750 |
8,750 |
- |
- |
8,750 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
14,475,497 |
8,908,645 |
8,579,182 |
8,374,451 |
6,903,828 |
|
|
|
|
|
|
|
|
Stocks |
3,308,037 |
3,035,274 |
- |
- |
1,201,933 |
|
Trade debtors |
17,147,389 |
14,277,147 |
- |
- |
4,343,750 |
|
Other debtors, deposits & prepayments |
112,557 |
209,786 |
- |
- |
94,377 |
|
Short term deposits |
4,064,015 |
3,473,175 |
- |
- |
1,396,987 |
|
Cash & bank balances |
957,616 |
460,207 |
- |
- |
15,481 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
25,589,614 |
21,455,589 |
14,431,790 |
8,522,656 |
7,052,528 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
40,065,111 |
30,364,234 |
23,010,972 |
16,897,107 |
13,956,356 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Trade creditors |
24,764,598 |
19,167,259 |
- |
- |
4,440,172 |
|
Other creditors & accruals |
1,116,756 |
1,399,912 |
- |
- |
1,489,442 |
|
Hire purchase & lease creditors |
109,131 |
112,362 |
- |
- |
30,145 |
|
Bank overdraft |
486,750 |
464,714 |
- |
- |
817,644 |
|
Short term borrowings/Term loans |
678,300 |
453,300 |
- |
- |
235,104 |
|
Amounts owing to director |
1,037,267 |
1,300,841 |
- |
- |
1,373,774 |
|
Provision for taxation |
33,116 |
104,022 |
- |
- |
60,026 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
28,225,918 |
23,002,410 |
16,038,982 |
10,088,508 |
8,446,307 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
(2,636,304) |
(1,546,821) |
(1,607,192) |
(1,565,852) |
(1,393,779) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
11,839,193 |
7,361,824 |
6,971,990 |
6,808,599 |
5,510,049 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
|
Ordinary share capital |
788,000 |
788,000 |
788,000 |
788,000 |
788,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
788,000 |
788,000 |
788,000 |
788,000 |
788,000 |
|
|
|
|
|
|
|
|
Retained profit/(loss) carried forward |
2,412,244 |
1,875,051 |
1,305,770 |
959,274 |
824,757 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
2,412,244 |
1,875,051 |
1,305,770 |
959,274 |
824,757 |
|
|
|
|
|
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
3,200,244 |
2,663,051 |
2,093,770 |
1,747,274 |
1,612,757 |
|
|
|
|
|
|
|
|
Long term loans |
8,449,374 |
4,450,014 |
- |
- |
3,797,595 |
|
Hire purchase creditors |
189,575 |
248,759 |
- |
- |
82,593 |
|
Deferred taxation |
- |
- |
- |
- |
17,104 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
8,638,949 |
4,698,773 |
4,878,220 |
5,061,325 |
3,897,292 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
11,839,193 |
7,361,824 |
6,971,990 |
6,808,599 |
5,510,049 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
FINANCIAL RATIO |
|
|
|
UNIMED SDN. BHD. |
|
TYPES OF FUNDS |
|
|
|
|
|
|
Cash |
5,021,631 |
3,933,382 |
- |
- |
1,412,468 |
|
Net Liquid Funds |
4,534,881 |
3,468,668 |
- |
- |
594,824 |
|
Net Liquid Assets |
(5,944,341) |
(4,582,095) |
(1,607,192) |
(1,565,852) |
(2,595,712) |
|
Net Current Assets/(Liabilities) |
(2,636,304) |
(1,546,821) |
(1,607,192) |
(1,565,852) |
(1,393,779) |
|
Net Tangible Assets |
11,839,193 |
7,361,824 |
6,971,990 |
6,808,599 |
5,510,049 |
|
Net Monetary Assets |
(14,583,290) |
(9,280,868) |
(6,485,412) |
(6,627,177) |
(6,493,004) |
|
BALANCE SHEET
ITEMS |
|
|
|
|
|
|
Total Borrowings |
9,913,130 |
5,729,149 |
- |
- |
4,963,081 |
|
Total Liabilities |
36,864,867 |
27,701,183 |
20,917,202 |
15,149,833 |
12,343,599 |
|
Total Assets |
40,065,111 |
30,364,234 |
23,010,972 |
16,897,107 |
13,956,356 |
|
Net Assets |
11,839,193 |
7,361,824 |
6,971,990 |
6,808,599 |
5,510,049 |
|
Net Assets Backing |
3,200,244 |
2,663,051 |
2,093,770 |
1,747,274 |
1,612,757 |
|
Shareholders' Funds |
3,200,244 |
2,663,051 |
2,093,770 |
1,747,274 |
1,612,757 |
|
Total Share Capital |
788,000 |
788,000 |
788,000 |
788,000 |
788,000 |
|
Total Reserves |
2,412,244 |
1,875,051 |
1,305,770 |
959,274 |
824,757 |
|
LIQUIDITY
(Times) |
|
|
|
|
|
|
Cash Ratio |
0.18 |
0.17 |
- |
- |
0.17 |
|
Liquid Ratio |
0.79 |
0.80 |
- |
- |
0.69 |
|
Current Ratio |
0.91 |
0.93 |
0.90 |
0.84 |
0.83 |
|
WORKING CAPITAL
CONTROL (Days) |
|
|
|
|
|
|
Stock Ratio |
42 |
36 |
- |
- |
39 |
|
Debtors Ratio |
217 |
171 |
- |
- |
142 |
|
Creditors Ratio |
406 |
288 |
- |
- |
145 |
|
SOLVENCY RATIOS
(Times) |
|
|
|
|
|
|
Gearing Ratio |
3.10 |
2.15 |
- |
- |
3.08 |
|
Liabilities Ratio |
11.52 |
10.40 |
9.99 |
8.67 |
7.65 |
|
Times Interest Earned Ratio |
2.65 |
3.43 |
- |
- |
2.03 |
|
Assets Backing Ratio |
15.02 |
9.34 |
8.85 |
8.64 |
6.99 |
|
PERFORMANCE
RATIO (%) |
|
|
|
|
|
|
Operating Profit Margin |
2.71 |
2.68 |
2.12 |
1.68 |
1.77 |
|
Net Profit Margin |
1.86 |
1.87 |
1.56 |
0.96 |
1.05 |
|
Return On Net Assets |
10.63 |
15.61 |
6.77 |
3.48 |
7.08 |
|
Return On Capital Employed |
10.12 |
14.47 |
6.77 |
3.48 |
6.14 |
|
Return On Shareholders' Funds/Equity |
16.79 |
21.38 |
16.55 |
7.70 |
7.29 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
- |
- |
0.00 |
|
NOTES TO
ACCOUNTS |
|
|
|
|
|
|
Contingent Liabilities |
0 |
0 |
|
- |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.05 |
|
|
1 |
Rs. 99.61 |
|
Euro |
1 |
Rs. 80.60 |
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.