|
Report Date : |
09.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
SYARIKAT PERNIAGAAN THYE LEAN SDN. BERHAD |
|
|
|
|
Registered Office : |
Plot 205, Lorong Perindustrian Bukit Minyak 11, Kawasan Perindustrian Bukit Minyak, Mukim 13, 14000 Bukit Mertajam, Pulau Pinang |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
28.01.1976 |
|
|
|
|
Com. Reg. No.: |
26231-T |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
Trading of Sundry Goods, Food Products |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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. |
: |
26231-T |
||||
|
COMPANY NAME |
: |
SYARIKAT PERNIAGAAN THYE LEAN SDN. BERHAD |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
28/01/1976 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
|
|
|
||||
|
|
|
|
||||
|
REGISTERED ADDRESS |
: |
PLOT 205, LORONG PERINDUSTRIAN BUKIT MINYAK 11, KAWASAN
PERINDUSTRIAN BUKIT MINYAK, MUKIM 13, 14000 BUKIT MERTAJAM, PULAU PINANG,
MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
PLOT 205, LORONG PERINDUSTRIAN BUKIT MINYAK 11, KAWASAN
PERINDUSTRIAN BUKIT MINYAK, MUKIM 13, SEBERANG PRAI TENGAH, 14000 BUKIT
MERTAJAM, PULAU PINANG, MALAYSIA. |
||||
|
TEL.NO. |
: |
04-5019933 |
||||
|
FAX.NO. |
: |
04-5019938 |
||||
|
CONTACT PERSON |
: |
KOH CHOON HWA ( MANAGING DIRECTOR ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
46321 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF SUNDRY GOODS, FOOD PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 2,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 1,000,000.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
20 [2014] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
HIGH |
||||
|
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) trading of sundry goods, food products.
The Subject is not listed on Bursa
Malaysia (Malaysia Stock Exchange).
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
15/02/2013 |
MYR 2,000,000.00 |
MYR 1,000,000.00 |
The major shareholder(s) of the
Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. KOH CHOON HWA + |
1787, MUKIM 9, JALAN BERAPIT,
14000 BUKIT MERTAJAM, PULAU PINANG, MALAYSIA. |
660829-07-5439 A0529673 |
3,600.00 |
36.00 |
|
MR. KOH CHOON HONG + |
1787, MUKIM 9, JALAN BERAPIT,
14000 BUKIT MERTAJAM, PULAU PINANG, MALAYSIA. |
740817-07-5175 A2515686 |
3,600.00 |
36.00 |
|
MR. KOH CHOONG KIAN |
43, JALAN SERULING 57, TAMAN
KLANG JAYA, 41200 KLANG, SELANGOR, MALAYSIA. |
641002-07-5541 7438994 |
1,000.00 |
10.00 |
|
MS. CHEW GAIK HONG |
43, JALAN SERULING 57, TAMAN
KLANG JAYA, 41200 KLANG, SELANGOR, MALAYSIA. |
671110-07-5386 A0846980 |
800.00 |
8.00 |
|
MS. TAN LEE LING |
1787, MUKIM 9, JALAN BERAPIT,
14000 BUKIT MERTAJAM, PULAU PINANG, MALAYSIA. |
680604-07-5188 A0987733 |
500.00 |
5.00 |
|
MS. LEE HOON HONG |
1787, MUKIM 9, JALAN BERAPIT,
14000 BUKIT MERTAJAM, PULAU PINANG, MALAYSIA. |
740918-07-5676 A2886777 |
500.00 |
5.00 |
|
|
|
|
--------------- |
------ |
|
|
|
|
10,000.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MR. KOH CHOON HWA |
|
Address |
: |
1787, MUKIM 9, JALAN BERAPIT,
14000 BUKIT MERTAJAM, PULAU PINANG, MALAYSIA. |
|
IC / PP No |
: |
A0529673 |
|
New IC No |
: |
660829-07-5439 |
|
Date of Birth |
: |
29/08/1966 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
25/07/1997 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. KOH CHOON HONG |
|
Address |
: |
1787, MUKIM 9, JALAN BERAPIT,
14000 BUKIT MERTAJAM, PULAU PINANG, MALAYSIA. |
|
IC / PP No |
: |
A2515686 |
|
New IC No |
: |
740817-07-5175 |
|
Date of Birth |
: |
17/08/1974 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN CHINESE |
|
Date of Appointment |
: |
25/07/1997 |
|
1) |
Name of Subject |
: |
KOH CHOON HWA |
|
|
Position |
: |
MANAGING DIRECTOR |
|
Auditor |
: |
WONG LOH HUN & ASSOCIATES |
|
Auditor' Address |
: |
15 LEBUH GEREJA, ROOM 4, 10200
GEORGE TOWN, PULAU PINANG, MALAYSIA. |
|
|
|
|
|
1) |
Company Secretary |
: |
MS. WONG LAI YEN |
|
|
IC / PP No |
: |
4105031 |
|
|
New IC No |
: |
511028-07-5528 |
|
|
Address |
: |
15 LEBUH GEREJA, ROOM 3, 10300
GEORGE TOWN, PULAU PINANG, MALAYSIA. |
|
|
|
|
|
|
|
|
|
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
CIMB BANK BHD |
|
|
|
|
|
|
|
|
|
|
|
2) |
Name |
: |
PUBLIC BANK BHD |
|
|
|
|
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
31/01/1977 |
N/A |
OVERSEA CHINESE BANKING CORPLTD |
MYR 15,000.00 |
Satisfied |
|
2 |
11/04/1977 |
N/A |
OVERSEAS CHINESE BANKING CORPLTD |
MYR 35,000.00 |
Satisfied |
|
3 |
29/03/1979 |
N/A |
OVERSEA CHINESE BANKING CORPLTD |
MYR 205,000.00 |
Satisfied |
|
4 |
25/11/1980 |
N/A |
THE UNITED ASIAN BANK BHD |
MYR 350,000.00 |
Satisfied |
|
5 |
30/12/1981 |
N/A |
UNITED ASIAN BANK BHD |
MYR 350,000.00 |
Unsatisfied |
|
6 |
30/12/1981 |
N/A |
UNITED ASIAN BANK BHD |
MYR 350,000.00 |
Satisfied |
|
7 |
30/12/1981 |
N/A |
UNITED ASIAN BANK BHD |
MYR 350,000.00 |
Satisfied |
|
8 |
30/12/1981 |
N/A |
UNITED ASIAN BANK BHD |
MYR 550,000.00 |
Satisfied |
|
9 |
29/09/1982 |
N/A |
UNITED ASIAN BANK BHD |
MYR 300,000.00 |
Unsatisfied |
|
10 |
29/09/1982 |
N/A |
UNITED ASIAN BANK BHD |
MYR 300,000.00 |
Satisfied |
|
11 |
29/09/1982 |
N/A |
UNITED ASIAN BANK BHD |
MYR 300,000.00 |
Satisfied |
|
12 |
29/09/1982 |
N/A |
UNITED ASIAN BANK BHD |
MYR 700,000.00 |
Satisfied |
|
13 |
23/06/1983 |
N/A |
UNITED ASIAN BANK BHD |
MYR 450,000.00 |
Satisfied |
|
14 |
23/06/1983 |
N/A |
UNITED ASIAN BANK BHD |
MYR 450,000.00 |
Satisfied |
|
15 |
23/06/1983 |
N/A |
UNITED ASIAN BANK BHD |
MYR 1,000,000.00 |
Satisfied |
|
16 |
23/06/1983 |
N/A |
UNITED ASIAN BANK BHD |
MYR 450,000.00 |
Unsatisfied |
|
17 |
09/10/1984 |
N/A |
HONGKONG BANK MALAYSIA BHD |
MYR 170,000.00 |
Satisfied |
|
18 |
09/04/1986 |
N/A |
UNITED ASIAN BANK BHD |
MYR 430,000.00 |
Satisfied |
|
19 |
09/04/1986 |
N/A |
UNITED ASIAN BANK BHD |
MYR 430,000.00 |
Unsatisfied |
|
20 |
09/04/1986 |
N/A |
UNITED ASIAN BANK BHD |
MYR 430,000.00 |
Satisfied |
|
21 |
09/04/1986 |
N/A |
UNITED ASIAN BANK BHD |
MYR 1,930,000.00 |
Satisfied |
|
22 |
13/07/1987 |
N/A |
HONGKONG BANK MALAYSIA BHD |
MYR 425,000.00 |
Satisfied |
|
23 |
13/07/1987 |
N/A |
HONGKONG BANK MALAYSIA BHD |
MYR 255,000.00 |
Satisfied |
|
24 |
13/10/1987 |
N/A |
UNITED ASIAN BANK BERHAD |
MYR 900,000.00 |
Satisfied |
|
25 |
13/10/1987 |
N/A |
UNITED ASIAN BANK BERHAD |
MYR 900,000.00 |
Unsatisfied |
|
26 |
28/09/1989 |
N/A |
UNITED ASIAN BANK BERHAD |
MYR 3,800,000.00 |
Satisfied |
|
27 |
28/09/1989 |
N/A |
UNITED ASIAN BANK BERHAD |
MYR 970,000.00 |
Satisfied |
|
28 |
28/09/1989 |
N/A |
UNITED ASIAN BANK BERHAD |
MYR 1,780,000.00 |
Satisfied |
|
29 |
28/09/1989 |
N/A |
UNITED ASIAN BANK BERHAD |
MYR 3,800,000.00 |
Satisfied |
|
30 |
28/09/1989 |
N/A |
UNITED ASIAN BANK BERHAD |
MYR 970,000.00 |
Unsatisfied |
|
31 |
20/11/2001 |
N/A |
BUMIPUTRACOMMERCE BANK BERHAD |
MYR 3,800,000.00 |
Unsatisfied |
|
32 |
25/08/2004 |
N/A |
BUMIPUTRACOMMERCE BANK BERHAD |
MYR 1,500,000.00 |
Unsatisfied |
|
33 |
25/08/2004 |
N/A |
BUMIPUTRACOMMERCE BANK BERHAD |
MYR 1,500,000.00 |
Unsatisfied |
|
34 |
25/09/2006 |
N/A |
PUBLIC BANK BHD |
MYR 2,200,000.00 |
Unsatisfied |
|
35 |
21/05/2008 |
OPEN CHARGE |
PUBLIC BANK BHD |
- |
Unsatisfied |
|
36 |
21/05/2008 |
OPEN CHARGE |
PUBLIC BANK BHD |
- |
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 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 |
: |
ASIA,INDIA |
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|
|
|
|
|
|
|
|
|
|
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
|
|
|
|
|
|
|
Payment Mode |
: |
CHEQUES |
|||
|
Goods Traded |
: |
|
|||||
|
|
|
|
|||||
|
Competitor(s) |
: |
|
|||||
|
|
|
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2014 |
2012 |
2011 |
2010 |
|
|
|
|
|
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
|
|
|
|
|
|
COMPANY |
20 |
20 |
20 |
20 |
|
|
|
|
|
|
Branch |
: |
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of sundry
goods, food products.
The Subject sells a wide range of food products including flour, sugar, rice,
onions, garlics, dried chilies and others.
The Subject also sells canned foods including fruit cocktails, sardines, tuna
and others.
The Subject sells its products both in large and loose quantities.
The Subject also provides delivery services for large purchase.
Latest fresh investigations
carried out on the Subject indicated that :
|
Telephone Number Provided By
Client |
: |
N/A |
|
Current Telephone Number |
: |
04-5019933 |
|
Match |
: |
N/A |
|
|
|
|
|
Address Provided by Client |
: |
PLOT 205, LORONG PERINDUSTRIAN
BUKIT MINYAK 11, KAWASAN PERINDUSTRIAN BUKIT MINYAK, MUKIM 13, SEBERANG PRAI
TENGAH,14000,BUKIT MERTAJAM,PULAU PINANG. |
|
Current Address |
: |
PLOT 205, LORONG PERINDUSTRIAN
BUKIT MINYAK 11, KAWASAN PERINDUSTRIAN BUKIT MINYAK, MUKIM 13, SEBERANG PRAI
TENGAH, 14000 BUKIT MERTAJAM, PULAU PINANG, MALAYSIA. |
|
Match |
: |
YES |
|
|
|
|
|
Latest Financial Accounts |
: |
NO |
Other Investigations
On 2nd September 2014 we contacted one of the staff from the Subject and she
provided 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: |
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 |
28,876 |
|
Individual Bankruptcy ( No.) |
16,228 |
18,119 |
19,167 |
19,575 |
21,984 |
|
Individual Bankruptcy ( % ) |
16.7 |
11.7 |
5.8 |
2.1 |
12.3 |
|
|
|
|
|
|
|
|
INDUSTRIES ( % of Growth ): |
2009 |
2010 |
2011 |
2012* |
2013** |
|
|
|
|
|
|
|
|
Agriculture |
0.1 |
2.4 |
5.8 |
1.3 |
2.1 |
|
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 |
(6.5) |
(0.3) |
(5.4) |
1.0 |
0.7 |
|
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 # |
(9.0) |
11.9 |
4.7 |
4.8 |
3.5 |
|
Exported-oriented Industries |
(19.0) |
12.1 |
2.8 |
4.1 |
- |
|
Electrical & Electronics |
(30.3) |
28.4 |
(4.0) |
12.7 |
18.6 |
|
Rubber Products |
(10.1) |
25.3 |
20.7 |
3.0 |
8.2 |
|
Wood Products |
(24.1) |
20.1 |
(5.1) |
8.7 |
(3.1) |
|
Textiles & Apparel |
(19.5) |
(0.4) |
13.2 |
(7.1) |
(2.6) |
|
Domestic-oriented Industries |
(9.8) |
16.3 |
6.5 |
8.6 |
- |
|
Food, Beverages & Tobacco |
0.2 |
3.0 |
4.8 |
2.7 |
3.6 |
|
Chemical & Chemical Products |
(7.7) |
16.2 |
10.0 |
10.8 |
(0.7) |
|
Plastic Products |
(9.1) |
2.4 |
3.8 |
- |
- |
|
Iron & Steel |
(32.7) |
29.3 |
2.2 |
(6.6) |
3.4 |
|
Fabricated Metal Products |
(2.5) |
14.9 |
21.8 |
13.8 |
12.2 |
|
Non-metallic Mineral |
(15.5) |
20.2 |
12.1 |
2.9 |
(0.4) |
|
Transport Equipment |
(13.5) |
36.5 |
12.0 |
3.4 |
13.8 |
|
Paper & Paper Products |
(5.0) |
18.7 |
9.5 |
3.1 |
2.3 |
|
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 |
6.2 |
11.4 |
4.7 |
18.6 |
10.9 |
|
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 |
2.9 |
7.4 |
7.1 |
6.4 |
5.9 |
|
Electric, Gas & Water |
1.4 |
7.8 |
3.5 |
4.4 |
4.2 |
|
Transport, Storage &
Communication |
1.6 |
7.7 |
6.5 |
7.1 |
7.3 |
|
Wholesale, Retail, Hotel &
Restaurant |
2.8 |
4.7 |
5.2 |
4.7 |
5.9 |
|
Finance, Insurance & Real
Estate |
3.8 |
6.1 |
6.9 |
9.7 |
3.7 |
|
Government Services |
3.4 |
5.9 |
12.4 |
9.4 |
8.3 |
|
Other Services |
3.8 |
4.4 |
5.1 |
3.9 |
5.1 |
|
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 |
|
|
46321 : Wholesale of rice, other
grains, flour and sugars |
|
|
|
|
|
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 |
|
|
Incorporated in 1976, the Subject is an Exempt Private company,
focusing on trading of sundry goods, food products. The Subject has been in
business for over two decades. It has built up a stable clientele base.
The Subject is expected to enjoy a stable market shares. The capital
standing of the Subject is fair. With an adequate share capital, the Subject
has the potential of expanding its business in future. |
|
|
|
THE FINANCIAL STATEMENTS WERE
PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
SYARIKAT PERNIAGAAN THYE LEAN
SDN. BERHAD |
|
Financial Year End |
2002-12-31 |
|
Months |
12 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report
(Clean Opinion) |
YES |
|
Financial Type |
SUMMARY |
|
Currency |
MYR |
|
|
|
|
TURNOVER |
29,805,567 |
|
|
---------------- |
|
Total Turnover |
29,805,567 |
|
|
---------------- |
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
247,191 |
|
|
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
247,191 |
|
Taxation |
(132,652) |
|
|
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
114,539 |
|
|
---------------- |
|
PROFIT/(LOSS) BEFORE
EXTRAORDINARY ITEMS |
114,539 |
|
|
---------------- |
|
PROFIT/(LOSS) ATTRIBUTABLE TO
SHAREHOLDERS |
114,539 |
|
RETAINED PROFIT/(LOSS)
BROUGHT FORWARD |
|
|
As previously reported |
4,003,962 |
|
|
---------------- |
|
As restated |
4,003,962 |
|
|
---------------- |
|
PROFIT AVAILABLE FOR
APPROPRIATIONS |
4,118,501 |
|
|
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED
FORWARD |
4,118,501 |
|
|
============= |
|
|
|
|
SYARIKAT PERNIAGAAN THYE LEAN
SDN. BERHAD |
|
ASSETS EMPLOYED: |
|
|
FIXED ASSETS |
2,113,737 |
|
|
|
|
|
---------------- |
|
TOTAL LONG TERM ASSETS |
2,113,737 |
|
|
|
|
TOTAL CURRENT ASSETS |
5,797,796 |
|
|
---------------- |
|
TOTAL ASSET |
7,911,533 |
|
|
============= |
|
|
|
|
TOTAL CURRENT LIABILITIES |
2,536,882 |
|
|
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
3,260,914 |
|
|
---------------- |
|
TOTAL NET ASSETS |
5,374,651 |
|
|
============= |
|
|
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
1,000,000 |
|
|
---------------- |
|
TOTAL SHARE CAPITAL |
1,000,000 |
|
|
|
|
Retained profit/(loss) carried
forward |
4,374,651 |
|
|
---------------- |
|
TOTAL RESERVES |
4,374,651 |
|
|
|
|
|
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
5,374,651 |
|
|
|
|
|
---------------- |
|
|
5,374,651 |
|
|
============= |
|
|
|
|
SYARIKAT PERNIAGAAN THYE LEAN
SDN. BERHAD |
|
TYPES OF FUNDS |
|
|
Net Liquid Assets |
3,260,914 |
|
Net Current Assets/(Liabilities) |
3,260,914 |
|
Net Tangible Assets |
5,374,651 |
|
Net Monetary Assets |
3,260,914 |
|
|
|
|
BALANCE SHEET ITEMS |
|
|
Total Liabilities |
2,536,882 |
|
Total Assets |
7,911,533 |
|
Net Assets |
5,374,651 |
|
Net Assets Backing |
5,374,651 |
|
Shareholders' Funds |
5,374,651 |
|
Total Share Capital |
1,000,000 |
|
Total Reserves |
4,374,651 |
|
|
|
|
LIQUIDITY (Times) |
|
|
Current Ratio |
2.29 |
|
|
|
|
SOLVENCY RATIOS (Times) |
|
|
Liabilities Ratio |
0.47 |
|
Assets Backing Ratio |
5.37 |
|
|
|
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
0.83 |
|
Net Profit Margin |
0.38 |
|
Return On Net Assets |
4.60 |
|
Return On Capital Employed |
4.60 |
|
Return On Shareholders'
Funds/Equity |
2.13 |
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.26 |
|
|
1 |
Rs.97.51 |
|
Euro |
1 |
Rs.77.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors
are apparent. Repayment of interest and principal sums in default or expected
to be in default upon maturity |
Limited with full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.