|
Report Date : |
11.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
RITAMIX SDN. BHD. |
|
|
|
|
Registered Office : |
C-3-23A (Room 2), 8 Avenue, Jalan Sungai Jernih 8/1, Seksyen 8, 46050 Petaling Jaya, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
29.05.2007 |
|
|
|
|
Com. Reg. No.: |
775154-P |
|
|
|
|
Legal Form : |
Exempt Private |
|
|
|
|
Line of Business : |
Manufacture and Wholesale of Animals Feed Products |
|
|
|
|
No. of Employees : |
18 [2014] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move farther up the value-added production chain by attracting investments in Islamic finance, high technology industries, biotechnology, and services. NAJIB's Economic Transformation Program (ETP) is a series of projects and policy measures intended to accelerate the country's economic growth. The government has also taken steps to liberalize some services sub-sectors. The NAJIB administration also is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Nevertheless, exports - particularly of electronics, oil and gas, palm oil and rubber - remain a significant driver of the economy. As an oil and gas exporter, Malaysia has profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel, combined with 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. |
: |
775154-P |
||||
|
COMPANY NAME |
: |
RITAMIX SDN.
BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
29/05/2007 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
C-3-23A (ROOM 2), 8 AVENUE, JALAN SUNGAI
JERNIH 8/1, SEKSYEN 8, 46050 PETALING JAYA, SELANGOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
NO 7 JALAN TP 7, UEP INDUSTRIAL PARK, 40400
SHAH ALAM, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-51918989 |
||||
|
FAX.NO. |
: |
03-51928686 |
||||
|
EMAIL |
: |
SALES.MARKETING@RITAMIX.COM |
||||
|
CONTACT PERSON |
: |
LEE HAW YIH ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
10800 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURE AND WHOLESALE OF ANIMALS FEED
PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
18 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
The Subject is an exempt private company which is allowed to have a minimum of two and a maximum of twenty shareholders and all the shareholders must be individuals. An exempt company is a type of private limited company. As a private limited company, the Subject must have at least two directors. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject is capable of owning assets, entering into contracts, suing or be sued by other companies. The Subject is governed by the Companies Act, 1965 and must file in its annual return. The Subject need not file in its financial statements but it has to file in a document duly signed by its director in charge of its finance, the secretary and its auditor stating that the Subject is able to meet all its obligations as and when they fall due. Although the Subject is not required to file in its financial statements, it also has to prepare its financial account which must be presented at the Annual General Meeting.
The Subject is principally engaged in the (as a / as an) manufacture and
wholesale of animals feed products.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
|
Date |
Authorised
Shared Capital |
Issue & Paid
Up Capital |
|
15/02/2013 |
MYR 5,000,000.00 |
MYR 5,000,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. LEE HAW YIH + |
6, JALAN ANGGERIK ONCIDIUM 31/71C, KOTA
KEMUNING, 40460 SHAH ALAM, SELANGOR, MALAYSIA. |
691212-10-5943
A1447588 |
2,600,000.00 |
52.00 |
|
MR. LEE HAW SHYANG + |
28, JALAN JALIL PERKASA 5, BUKIT JALIL,
57000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
760326-10-5817
A3351590 |
1,125,000.00 |
22.50 |
|
MR. LEE HAW HANN + |
48, JALAN WAWASAN 4/6, PUSAT BANDAR
PUCHONG, 47100 PUCHONG, SELANGOR, MALAYSIA. |
731001-10-6325
A2529369 |
1,125,000.00 |
22.50 |
|
MS. YAW SOOK KEAN + |
6, JALAN ANGGERIK ONCIDIUM 31/71C, KOTA
KEMUNING, 40460 SHAH ALAM, SELANGOR, MALAYSIA. |
710324-05-5208
A1790868 |
150,000.00 |
3.00 |
|
--------------- |
------ |
|||
|
5,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MR. LEE SIEW SOON |
|
Address |
: |
28, JALAN 5/155B, BUKIT JALIL GOLF RESORT,
57000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
7964637 |
|
New IC No |
: |
421127-10-5041 |
|
Date of Birth |
: |
27/11/1942 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
29/05/2007 |
DIRECTOR 2
|
Name Of Subject |
: |
MS. YAW SOOK KEAN |
|
Address |
: |
6, JALAN ANGGERIK ONCIDIUM 31/71C, KOTA
KEMUNING, 40460 SHAH ALAM, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A1790868 |
|
New IC No |
: |
710324-05-5208 |
|
Date of Birth |
: |
24/03/1971 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
29/05/2007 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. LEE HAW SHYANG |
|
Address |
: |
28, JALAN JALIL PERKASA 5, BUKIT JALIL,
57000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A3351590 |
|
New IC No |
: |
760326-10-5817 |
|
Date of Birth |
: |
26/03/1976 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
29/05/2007 |
DIRECTOR 4
|
Name Of Subject |
: |
MR. LEE HAW HANN |
|
Address |
: |
48, JALAN WAWASAN 4/6, PUSAT BANDAR
PUCHONG, 47100 PUCHONG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A2529369 |
|
New IC No |
: |
731001-10-6325 |
|
Date of Birth |
: |
01/10/1973 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
29/05/2007 |
DIRECTOR 5
|
Name Of Subject |
: |
MR. LEE HAW YIH |
|
Address |
: |
6, JALAN ANGGERIK ONCIDIUM 31/71C, KOTA
KEMUNING, 40460 SHAH ALAM, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A1447588 |
|
New IC No |
: |
691212-10-5943 |
|
Date of Birth |
: |
12/12/1969 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
29/05/2007 |
|
1) |
Name of Subject |
: |
LEE HAW YIH |
|
Position |
: |
DIRECTOR |
No Auditor found in our databank
|
1) |
Company Secretary |
: |
MS. SIEW NGEI LAM |
|
IC / PP No |
: |
A0954357 |
|
|
New IC No |
: |
680305-10-6554 |
|
|
Address |
: |
65, JALAN 25, KEPONG BARU, 52100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
Banking relations are maintained principally with :
1)
Name : HSBC BANK MALAYSIA BHD
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
1 |
28/09/2007 |
N/A |
HSBC BANK MALAYSIA BERHAD AS SECURITY
AGENT FOR HSBC AMANAH MALAYSIA BERHAD AND ITSELF |
- |
Unsatisfied |
|
2 |
08/04/2008 |
N/A |
HSBC BANK MALAYSIA BERHAD AS SECURITY
AGENT FOR HSBC AMANAH MALAYSIA BERHAD AND ITSELF |
- |
Unsatisfied |
* 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.
No blacklisted record & debt collection case was found in our
defaulters' databank.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
|
Import Countries |
: |
EUROPE,ASIA,UNITED STATES |
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
PHILIPPINES |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Type of Customer |
: |
DEALERS,DISTRIBUTORS |
|||
|
Products manufactured |
: |
|
|||||
|
Competitor(s) |
: |
DINDINGS SOYA & MULTIFEEDS SDN BHD |
Total Number of Employees:
|
YEAR |
2014 |
2013 |
2012 |
2011 |
2010 |
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
|
COMPANY |
18 |
15 |
15 |
15 |
13 |
Branch : NO
Other Information:
The Subject is principally engaged in the (as a / as an) manufacture and
wholesale of animals feed products.
The Subject sources the raw ingredients from both local and overseas suppliers and
undertakes blending and mixing of the end products.
The end products including vitamins, supplements, minerals and other premixes.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
0351918989 |
|
Current Telephone Number |
: |
03-51918989 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
NO.7 JALAN TP7, UEP INDUSTRIAL PARK, 40400
SHAH ALAM, SELANGOR MALAYSIA |
|
Current Address |
: |
NO 7 JALAN TP 7, UEP INDUSTRIAL PARK,
40400 SHAH ALAM, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
NO |
|
|
||
|
|
||
Other
Investigations
We contacted one of the staff from the Subject and collect some information.
|
The Subject is a private exempt company
which does not need to file in its accounts with the Registrar of Companies
for the information of the public. Therefore, we are not able to comment on
the Subject's financial performance. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
|
Major Economic
Indicators: |
2010 |
2011 |
2012 |
2013 |
2014** |
|
Population ( Million) |
28.35 |
28.70 |
29.30 |
29.80 |
30.30 |
|
Gross Domestic
Products ( % ) |
7.2 |
5.1 |
5.6 |
5.3 |
6.0 |
|
Domestic Demand ( % ) |
6.3 |
8.2 |
9.4 |
5.6 |
6.4 |
|
Private
Expenditure ( % ) |
8.1 |
8.2 |
8.0 |
7.4 |
7.9 |
|
Consumption ( % ) |
6.7 |
7.1 |
1.0 |
5.7 |
6.5 |
|
Investment ( % ) |
17.7 |
12.2 |
11.7 |
13.3 |
12.0 |
|
Public
Expenditure ( % ) |
3.8 |
8.4 |
13.3 |
1.2 |
2.3 |
|
Consumption ( % ) |
0.2 |
16.1 |
11.3 |
(1.2) |
2.1 |
|
Investment ( % ) |
2.8 |
(0.3) |
15.9 |
4.2 |
2.6 |
|
Balance of Trade ( MYR Million ) |
118,356 |
116,058 |
106,300 |
110,700 |
52,314 |
|
Government Finance ( MYR Million ) |
(40,482) |
(45,511) |
(42,297) |
(39,993) |
(37,291) |
|
Government
Finance to GDP / Fiscal Deficit ( % ) |
(5.6) |
(5.4) |
(4.5) |
(4.0) |
(3.5) |
|
Inflation ( % Change in Composite CPI) |
5.1 |
3.1 |
1.6 |
2.5 |
3.3 |
|
Unemployment Rate |
3.9 |
3.3 |
3.2 |
3.0 |
3.0 |
|
Net International Reserves ( MYR Billion ) |
329 |
415 |
427 |
- |
417 |
|
Average Risk-Weighted Capital Adequacy Ratio
( % ) |
2.20 |
3.50 |
2.20 |
- |
- |
|
Average 3 Months
of Non-performing Loans ( % ) |
15.30 |
14.80 |
14.70 |
- |
- |
|
Average Base Lending Rate ( % ) |
6.30 |
6.60 |
6.53 |
6.53 |
- |
|
Business Loans Disbursed( % ) |
14.7 |
15.3 |
32.2 |
- |
- |
|
Foreign Investment ( MYR Million ) |
22,517.9 |
23,546.1 |
26,230.4 |
38,238.0 |
- |
|
Consumer Loans ( % ) |
- |
- |
- |
- |
- |
|
Registration of
New Companies ( No. ) |
44,148 |
45,455 |
45,441 |
46,321 |
- |
|
Registration of New Companies ( % ) |
6.2 |
3.0 |
(0.0) |
1.9 |
- |
|
Liquidation of
Companies ( No. ) |
25,585 |
132,476 |
- |
- |
- |
|
Liquidation of Companies ( % ) |
(34.5) |
417.8 |
- |
- |
- |
|
Registration of
New Business ( No. ) |
271,414 |
284,598 |
324,761 |
329,895 |
- |
|
Registration of New Business ( % ) |
- |
- |
- |
- |
- |
|
Business
Dissolved ( No. ) |
19,738 |
20,121 |
- |
- |
- |
|
Business Dissolved ( % ) |
2.0 |
1.9 |
- |
- |
- |
|
Sales of New Passenger Cars (' 000 Unit ) |
543.6 |
535.1 |
552.2 |
- |
- |
|
Cellular Phone Subscribers ( Million ) |
32.8 |
35.3 |
38.5 |
43.0 |
- |
|
Tourist Arrival ( Million Persons ) |
24.6 |
24.7 |
25.0 |
25.7 |
- |
|
Hotel Occupancy Rate ( % ) |
63.0 |
60.6 |
62.4 |
62.6 |
- |
|
Credit Cards Spending ( % ) |
14.1 |
15.6 |
12.6 |
- |
- |
|
Bad Cheque Offenders (No.) |
33,568 |
32,627 |
26,982 |
28,876 |
- |
|
Individual Bankruptcy ( No.) |
18,119 |
19,167 |
19,575 |
21,984 |
- |
|
Individual Bankruptcy ( % ) |
11.7 |
5.8 |
2.1 |
12.3 |
- |
|
INDUSTRIES ( %
of Growth ): |
2010 |
2011 |
2012 |
2013 |
2014** |
|
Agriculture |
2.4 |
5.8 |
1.0 |
2.1 |
3.8 |
|
Palm Oil |
(3.4) |
10.8 |
(0.3) |
2.6 |
- |
|
Rubber |
9.9 |
6.1 |
(7.9) |
(10.1) |
- |
|
Forestry & Logging |
(3.3) |
(7.6) |
(4.5) |
(7.8) |
- |
|
Fishing |
5.6 |
2.1 |
4.3 |
1.6 |
- |
|
Other Agriculture |
7.9 |
7.1 |
6.4 |
8.2 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
508.4 |
634.1 |
- |
- |
- |
|
% of Industry
Non-Performing Loans |
2.1 |
3.2 |
- |
- |
- |
|
Mining |
(0.3) |
(5.4) |
1.4 |
0.9 |
(0.8) |
|
Oil & Gas |
0.5 |
(1.7) |
- |
- |
- |
|
Other Mining |
- |
- |
- |
- |
- |
|
Industry
Non-performing Loans ( MYR Million ) |
49.7 |
46.5 |
- |
- |
- |
|
% of Industry
Non-performing Loans |
0.1 |
0.1 |
- |
- |
- |
|
Manufacturing # |
11.9 |
4.7 |
4.8 |
3.4 |
6.6 |
|
Exported-oriented
Industries |
12.1 |
4.1 |
6.5 |
3.3 |
5.6 |
|
Electrical & Electronics |
28.4 |
(4.0) |
12.7 |
6.9 |
13.3 |
|
Rubber Products |
25.3 |
20.7 |
3.0 |
11.7 |
(0.3) |
|
Wood Products |
20.1 |
(5.1) |
8.7 |
(2.7) |
5.1 |
|
Textiles & Apparel |
(0.4) |
13.2 |
(7.1) |
(2.6) |
11.5 |
|
Domestic-oriented
Industries |
16.3 |
10.7 |
1.7 |
6.8 |
9.4 |
|
Food, Beverages & Tobacco |
3.0 |
4.8 |
2.7 |
3.6 |
6.1 |
|
Chemical & Chemical Products |
16.2 |
10.0 |
10.8 |
5.6 |
- |
|
Plastic Products |
2.4 |
3.8 |
- |
- |
- |
|
Iron & Steel |
29.3 |
2.2 |
(6.6) |
5.0 |
0.1 |
|
Fabricated Metal Products |
14.9 |
21.8 |
13.8 |
9.9 |
2.9 |
|
Non-metallic Mineral |
20.2 |
12.1 |
2.9 |
(2.0) |
5.4 |
|
Transport Equipment |
36.5 |
12.0 |
3.4 |
13.8 |
22.9 |
|
Paper & Paper Products |
18.7 |
9.5 |
3.1 |
1.8 |
4.7 |
|
Crude Oil Refineries |
(11.4) |
9.3 |
- |
- |
- |
|
Industry Non-Performing
Loans ( MYR Million ) |
6,217.5 |
6,537.2 |
- |
- |
- |
|
% of Industry
Non-Performing Loans |
23.8 |
25.7 |
- |
- |
- |
|
Construction |
11.4 |
4.7 |
18.6 |
10.9 |
10.0 |
|
Industry Non-Performing Loans ( MYR
Million ) |
4,038.5 |
3,856.9 |
- |
- |
- |
|
% of Industry
Non-Performing Loans |
10.7 |
10.2 |
- |
- |
- |
|
Services |
7.4 |
7.0 |
6.4 |
5.9 |
6.2 |
|
Electric, Gas & Water |
7.8 |
3.5 |
4.4 |
4.2 |
3.6 |
|
Transport, Storage & Communication |
7.7 |
6.5 |
7.1 |
7.3 |
7.5 |
|
Wholesale, Retail, Hotel & Restaurant |
4.7 |
5.2 |
4.7 |
5.9 |
6.9 |
|
Finance, Insurance & Real Estate |
6.10 |
6.90 |
9.70 |
3.70 |
4.65 |
|
Government Services |
5.9 |
12.4 |
9.4 |
8.3 |
6.1 |
|
Other Services |
4.4 |
5.1 |
3.9 |
5.1 |
4.8 |
|
Industry
Non-Performing Loans ( MYR Million ) |
7,384.6 |
6,825.2 |
- |
- |
- |
|
% of Industry
Non-Performing Loans |
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
Incorporated in 2007, the Subject is an Exempt Private company, focusing on
manufacture and wholesale of animals feed products. Having been in business for
more than 5 years, the Subject has established a remarkable clientele base for
itself which has contributed to its business growth. Presently, the issued and
paid up capital of the Subject stands at MYR 5,000,000. However, the Subject
does not have strong shareholders’ backing. Without a strong shareholders' backing,
the opportunity of the Subject to expand its business is limited.
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. Being a small company, the Subject's
business operation is supported by 18 employees. 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.
As the Subject is registered as an Exempt Private company, it is not required
to file financial statements for public review. As such, we are unable to
ascertain its present financial health.
The Subject's supplier are from both the local and overseas countries. This
will eliminates the risk of dependency on deliveries from a number of key
suppliers and insufficient quantities of its raw materials. Overall the Subject
has a good control over its resources.
The industry shows an upward trend and this trend is very likely to sustain in
the near terms.
In view of the above, we only recommend credit be proceeded to the Subject with
guarantee.
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.45 |
|
|
1 |
Rs.97.76 |
|
Euro |
1 |
Rs.76.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
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.