|
Report No. : |
316934 |
|
Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL MANDIRI SDN. BHD. |
|
|
|
|
Registered Office : |
48a, Suite 2, Lorong Bayu Tinggi 4c, Taman Bayu Tinggi, 1st Floor,
41200 Klang, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
07.01.2011 |
|
|
|
|
Com. Reg. No.: |
928962-X |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Subject is principally engaged in the (as a / as an) cargo handling
activities. |
|
|
|
|
No. of Employee : |
Not Available |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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. Falling global oil
prices in the second half of 2014 have shrunk Malaysia’s current account
surplus and put downward pressure on the ringgit. 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.
Malaysia is a member of the 12-nation Trans-Pacific Partnership free trade
agreement negotiations and, with the nine other ASEAN members, will form the
ASEAN Economic Community in 2015.
|
Source
: CIA |
|
REGISTRATION NO. |
: |
928962-X |
|
COMPANY NAME |
: |
GLOBAL MANDIRI SDN. BHD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
07/01/2011 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
48A, SUITE 2, LORONG BAYU TINGGI 4C, TAMAN BAYU TINGGI, 1ST FLOOR,
41200 KLANG, SELANGOR, MALAYSIA. |
|
BUSINESS ADDRESS |
: |
19, JALAN BERANGAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
|
TEL.NO. |
: |
03-31680696 |
|
FAX.NO. |
: |
03-31679400 |
|
CONTACT PERSON |
: |
TING YI EN ( DIRECTOR ) |
|
INDUSTRY CODE |
: |
52249 |
|
PRINCIPAL ACTIVITY |
: |
CARGO HANDLING ACTIVITIES |
|
AUTHORISED CAPITAL |
: |
MYR 100,000.00 DIVIDED INTO |
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 2.00 DIVIDED INTO |
|
SALES |
: |
N/A |
|
NET WORTH |
: |
N/A |
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER CHECK |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT CAPABILITY |
: |
WEAK |
|
COMMERCIAL RISK |
: |
MODERATE |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MARGINAL 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) cargo handling
activities.
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 100,000.00 |
MYR 2.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MS. IRENE DORATHY A/P D.ALIAS |
6, LORONG ORKID 1C, TAMAN RAJA UDA, 42000 PELABUHAN KLANG, SELANGOR,
MALAYSIA. |
751108-10-5646 A3164619 |
1.00 |
50.00 |
|
MR. RAHMAT BIN TAHIR |
LOT 526A, KAMPUNG TELOK GADONG KECIL, JALAN YADI, 41200 KLANG,
SELANGOR, MALAYSIA. |
650714-10-6355 A0187731 |
1.00 |
50.00 |
|
--------------- |
------ |
|||
|
2.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MS. TING YI YUEN |
|
Address |
: |
100, JALAN GASING, 46000 PETALING JAYA, SELANGOR, MALAYSIA. |
|
New IC No |
: |
940131-10-5364 |
|
Date of Birth |
: |
31/01/1994 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
05/03/2012 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. TING YI EN |
|
Address |
: |
60, JALAN BU 11/7, BANDAR UTAMA, 47800 PETALING JAYA, SELANGOR,
MALAYSIA. |
|
New IC No |
: |
721114-12-5005 |
|
Date of Birth |
: |
14/11/1972 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
05/03/2012 |
|
1) |
Name of Subject |
: |
TING YI EN |
|
Position |
: |
DIRECTOR |
|
|
2) |
Name of Subject |
: |
VANITA |
|
Position |
: |
EXECUTIVE |
|
No Auditor found in our databank
|
1) |
Company Secretary |
: |
MR. LEE KOK HOOI |
|
New IC No |
: |
800701-10-5901 |
|
|
Address |
: |
3, JALAN DATO YUSOF SHAHBUDIN 18, TAMAN SENTOSA, 41200 KLANG,
SELANGOR, MALAYSIA. |
|
No Banker found in our databank.
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.
No blacklisted record & debt collection case was found in our defaulters'
databank.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject is a service provider and it does not deal with trade suppliers.
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
N/A |
|||
|
Type of Customer |
: |
TRANSPORTATION INDUSTRY |
|||
|
Services |
: |
CARGO HANDLING ACTIVITIES |
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) cargo handling
activities.
The Subject is engage in cargo handling activities.
The Subject refused to disclose any information on its operation.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
0331680696 |
|
Current Telephone Number |
: |
03-31680696 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
NO,19 JAIAN BERANGAN, 42OOO PORT KLANG, SEIANGOR DARUL MALAYSIA |
|
Current Address |
: |
19, JALAN BERANGAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
NO |
|
|
||
Other Investigations
On 9th April 2015, we contacted one of the staff from the Subject and she
provided some information.
The address provided is stated as per report.
The Subject refused to disclose its number of employees and banker information.
|
No latest financial accounts are available at the Registry Office,
thus we are not able to comment on the Subject's financial performance. |
||||||
|
Overall financial condition of the Subject : N/A |
||||||
|
Major Economic Indicators: |
2011 |
2012 |
2013 |
2014* |
2015** |
|
Population ( Million) |
28.7 |
29.3 |
29.8 |
30.3 |
30.5 |
|
Gross Domestic Products ( % ) |
5.1 |
5.6 |
5.3 |
6.0 |
6.0 |
|
Domestic Demand ( % ) |
8.2 |
9.4 |
5.6 |
6.4 |
6.2 |
|
Private Expenditure ( % ) |
8.2 |
8.0 |
8.6 |
7.9 |
6.9 |
|
Consumption ( % ) |
7.1 |
1.0 |
5.7 |
6.5 |
5.6 |
|
Investment ( % ) |
12.2 |
11.7 |
13.3 |
12.0 |
10.7 |
|
Public Expenditure ( % ) |
8.4 |
13.3 |
4.4 |
2.3 |
4.2 |
|
Consumption ( % ) |
16.1 |
11.3 |
(1.2) |
2.1 |
3.8 |
|
Investment ( % ) |
(0.3) |
15.9 |
4.2 |
2.6 |
4.7 |
|
Balance of Trade ( MYR Million ) |
116,058 |
106,300 |
71,298 |
52,314 |
- |
|
Government Finance ( MYR Million ) |
(45,511) |
(42,297) |
(39,993) |
(37,291) |
- |
|
Government Finance to GDP / Fiscal Deficit ( % ) |
(5.4) |
(4.5) |
(4.0) |
(3.5) |
(3.0) |
|
Inflation ( % Change in Composite CPI) |
3.1 |
1.6 |
2.5 |
3.3 |
4.0 |
|
Unemployment Rate |
3.3 |
3.2 |
3.0 |
3.0 |
3.0 |
|
Net International Reserves ( MYR Billion ) |
415 |
427 |
- |
417 |
- |
|
Average Risk-Weighted Capital Adequacy Ratio ( % ) |
3.50 |
2.20 |
- |
- |
- |
|
Average 3 Months of Non-performing Loans ( % ) |
14.80 |
14.70 |
- |
- |
- |
|
Average Base Lending Rate ( % ) |
6.60 |
6.53 |
6.53 |
- |
- |
|
Business Loans Disbursed( % ) |
15.3 |
32.2 |
- |
- |
- |
|
Foreign Investment ( MYR Million ) |
23,546.1 |
26,230.4 |
38,238.0 |
- |
- |
|
Consumer Loans ( % ) |
- |
- |
- |
- |
- |
|
Registration of New Companies ( No. ) |
45,455 |
45,441 |
46,321 |
- |
- |
|
Registration of New Companies ( % ) |
3.0 |
(0.0) |
1.9 |
- |
- |
|
Liquidation of Companies ( No. ) |
132,485 |
17,092 |
26,430 |
- |
- |
|
Liquidation of Companies ( % ) |
417.8 |
(87.1) |
54.6 |
- |
- |
|
Registration of New Business ( No. ) |
284,598 |
324,761 |
329,895 |
- |
- |
|
Registration of New Business ( % ) |
5.0 |
14.0 |
2.0 |
- |
- |
|
Business Dissolved ( No. ) |
20,121 |
20,380 |
18,161 |
- |
- |
|
Business Dissolved ( % ) |
1.9 |
1.3 |
(10.9) |
- |
- |
|
Sales of New Passenger Cars (' 000 Unit ) |
535.1 |
552.2 |
576.7 |
598.4 |
610.3 |
|
Cellular Phone Subscribers ( Million ) |
35.3 |
38.5 |
43.0 |
43.8 |
- |
|
Tourist Arrival ( Million Persons ) |
24.7 |
25.0 |
25.7 |
28.0 |
- |
|
Hotel Occupancy Rate ( % ) |
60.6 |
62.4 |
62.6 |
- |
- |
|
Credit Cards Spending ( % ) |
15.6 |
12.6 |
- |
- |
- |
|
Bad Cheque Offenders (No.) |
32,627 |
26,982 |
28,876 |
- |
- |
|
Individual Bankruptcy ( No.) |
19,167 |
19,575 |
21,984 |
- |
- |
|
Individual Bankruptcy ( % ) |
5.8 |
2.1 |
12.3 |
- |
- |
|
INDUSTRIES ( % of Growth ): |
2011 |
2012 |
2013 |
2014* |
2015** |
|
Agriculture |
5.8 |
1.0 |
2.1 |
3.8 |
3.1 |
|
Palm Oil |
10.8 |
(0.3) |
2.6 |
6.7 |
- |
|
Rubber |
6.1 |
(7.9) |
(10.1) |
(10.4) |
- |
|
Forestry & Logging |
(7.6) |
(4.5) |
(7.8) |
(4.2) |
- |
|
Fishing |
2.1 |
4.3 |
1.6 |
2.7 |
- |
|
Other Agriculture |
7.1 |
6.4 |
8.2 |
6.2 |
- |
|
Industry Non-Performing Loans ( MYR Million ) |
634.1 |
- |
- |
- |
- |
|
% of Industry Non-Performing Loans |
3.2 |
- |
- |
- |
- |
|
Mining |
(5.4) |
1.4 |
0.9 |
(0.8) |
2.8 |
|
Oil & Gas |
(1.7) |
- |
- |
- |
- |
|
Other Mining |
- |
- |
- |
- |
- |
|
Industry Non-performing Loans ( MYR Million ) |
46.5 |
- |
- |
- |
- |
|
% of Industry Non-performing Loans |
0.1 |
- |
- |
- |
- |
|
Manufacturing # |
4.7 |
4.8 |
3.4 |
6.6 |
5.5 |
|
Exported-oriented Industries |
4.1 |
6.5 |
3.3 |
5.6 |
- |
|
Electrical & Electronics |
(4.0) |
12.7 |
6.9 |
13.3 |
- |
|
Rubber Products |
20.7 |
3.0 |
11.7 |
(0.3) |
- |
|
Wood Products |
(5.1) |
8.7 |
(2.7) |
5.1 |
- |
|
Textiles & Apparel |
13.2 |
(7.1) |
(2.6) |
11.5 |
- |
|
Domestic-oriented Industries |
10.7 |
1.7 |
6.8 |
9.4 |
- |
|
Food, Beverages & Tobacco |
4.80 |
2.70 |
3.60 |
6.13 |
6.13 |
|
Chemical & Chemical Products |
10.0 |
10.8 |
5.6 |
- |
- |
|
Plastic Products |
3.8 |
- |
- |
- |
- |
|
Iron & Steel |
2.2 |
(6.6) |
5.0 |
0.1 |
- |
|
Fabricated Metal Products |
21.8 |
13.8 |
9.9 |
2.9 |
- |
|
Non-metallic Mineral |
12.1 |
2.9 |
(2.0) |
5.4 |
- |
|
Transport Equipment |
12.0 |
3.4 |
13.8 |
22.9 |
- |
|
Paper & Paper Products |
9.5 |
3.1 |
1.8 |
4.7 |
- |
|
Crude Oil Refineries |
9.3 |
- |
- |
- |
- |
|
Industry Non-Performing Loans ( MYR Million ) |
6,537.2 |
- |
- |
- |
- |
|
% of Industry Non-Performing Loans |
25.7 |
- |
- |
- |
- |
|
Construction |
4.7 |
18.6 |
10.9 |
12.7 |
10.7 |
|
Industry Non-Performing Loans ( MYR Million ) |
3,856.9 |
- |
- |
- |
- |
|
% of Industry Non-Performing Loans |
10.2 |
- |
- |
- |
- |
|
Services |
7.1 |
6.4 |
5.9 |
5.9 |
5.6 |
|
Electric, Gas & Water |
3.5 |
4.4 |
4.2 |
3.6 |
3.9 |
|
Transport, Storage & Communication |
6.50 |
7.10 |
7.30 |
7.50 |
7.15 |
|
Wholesale, Retail, Hotel & Restaurant |
5.2 |
4.7 |
5.9 |
6.9 |
6.5 |
|
Finance, Insurance & Real Estate |
6.90 |
9.70 |
3.70 |
4.65 |
4.25 |
|
Government Services |
12.4 |
9.4 |
8.3 |
6.1 |
5.6 |
|
Other Services |
5.1 |
3.9 |
5.1 |
4.8 |
4.5 |
|
Industry Non-Performing Loans ( MYR Million ) |
6,825.2 |
- |
- |
- |
- |
|
% of Industry Non-Performing Loans |
23.4 |
- |
- |
- |
- |
|
* Estimate / Preliminary |
|||||
|
** Forecast |
|||||
|
# Based On Manufacturing Production Index |
|||||
|
MSIC CODE |
|
|
52249 : Other cargo handling activities n.e.c. |
|
|
INDUSTRY : |
TRANSPORTATION |
|
In 2015, the transport and storage subsector is expected to growth by
4.7% due to the implementation of Government Transformation Programme (GTP)
and the Economic Transformation Programme (ETP). On the other hand, for 2014,
due to resilient domestic economic activity and improving global trade, the
transport and storage subsector is expected to grow 5%. |
|
|
Moreover, the land transport segment continued to record positive
growth of 6.2% during the first half of 2014 supported by higher freight
transported by road in line with improvement in trade-related activity. The
opening of Penang Second Bridge in March 2014 saw a healthy number of
vehicles using it to avoid traffic congestion. However, the increase in
passenger volume for bus services was only 1.9% over the first six months in
2014 (January - July 2013: 6%). |
|
|
Meanwhile, total rail ridership in the Klang Valley increased 5.9%
passengers due to improved service efficiency and increased frequencies. The 2.14KM
extension of Express Rail Link (ERL) from KLIA to KLIA2 will also increase
rail ridership. However, KTM Intercity Service contracted 18% because of the
fewer number of coaches in operation due to maintenance issues. Other than
that, The Electric Train Service (ETS) ridership on the Kuala Lumpur - Ipoh
route increased 11.7% supported by higher demand. |
|
|
During the first half in 2014, the air transport segment expanded 4.9%
supported by higher tourist arrivals and domestic passengers amid continuous
promotion of travel packages with competitive fares by airlines. The air
passenger segment continued to record positive with total passenger traffic
at airports nationwide increasing 10.3% during the first seven moths of 2014. |
|
|
According to Budget 2015, to improve the public transport system, the
Government will introduce the programmes included providing intercity bus
services to those residing outside Kuala Lumpur (KL) but work in KL, provide
Electric Train Service (ETS) for Ipoh-Butterworth route starting April 2015,
and upgrade stage bus services in several states (Kuching, Ipoh, Seremban,
Kuala Terengganu and Kangar) through a contracting system with existing bus
companies. The budget 2015 for transportation sector includes RM9 billion
development allocation for a LRT extension project from Bandar Utama to Shah
Alam and Klang, and RM23 billion for a second MRT line from Selayang to
Putrajaya. Government also will allocate RM5.3 billion for the construction
of Sungai Besi - Ulu Klang Expressway (SUKE), RM5 billion for West Coast
Expressway from Taiping to Banting, RM4.2 billion for construction of
Damansara - Shah Alam Highway (DASH), and RM1.6 billion for construction of
Eastern Klang Valley Expressway (EKVE). |
|
|
Additionally, improving urban public transport (UPT) is one of the
National Key Result Areas (NKRAs) under the Government Transformation
Programme (GTP). The aim is to improve the overall availability and
efficiency of UPT, including enhancing connectivity, providing an integrated
system and ensuring adequate facilities. Because of the improvement to UPT in
the Klang Valley, the public transport modal share has increased from 17% in
2010 to 21% in 2013. The programme covers improvement for Bus Services
(RapidKL, Bus Expressway Transit (BET), Bus Rapid Transit (BRT), bus stops),
Rail System (KTM, LRT, KL Monorail, Express Rail Link (ERL), MRT, Park n'
Ride), and Taxi Services. |
|
|
The Klang Valley Mass Transit Project (KVMRT) is one of the
improvements to do for UPT and it may boost the growth of transportation
sector. The Sungai Buloh - Kajang (SBK) line has started construction in
2012. The first phase of SBK Line from Sungai Buloh to Semantan will be
operational on 31 December 2016, while the second phase from Semantan to
Kajang will be operational on 31 July 2017. |
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Furthermore, the Bus Rapid Transit (BRT) aims to create a dedicated
bus right-of-way at main corridors and is a specialized form of bus priority services
to meet the high level of passenger demand by incorporating aspects of mass
transit. One of the BRT corridors is the Kuala Lumpur - Klang corridor,
covering a distance of 34KM, and will pass through Federal Highway, Jalan
Syed Putra, and Jalan Tun Sambanthan. The KL-Klang BRT is estimated to save
more than one hour of daily travelling time for 600,000 passengers, and is
expected to be completed in 2017. |
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In order to improve taxi services, the Centralized Taxi Services
System (CTSS) will be launched in 2015. It is a technology infrastructure to
monitor taxi services. It integrates and enhances the existing booking
system. It is targeted to raise the success rate of meeting passenger
bookings. Besides, a new business model for taxis has been introduced to
increase the take-home income for taxi drivers by reducing their operating
cost. Under the Taxi 1Malaysia project, licenses will be offered to
individual drivers. The Land Public Transport Commission (SPAD) has launched
a fleet of new taxis known as Teksi 1Malaysia (TEKS1M). Through the TEKS1M
initiative, 1,000 new Proton Exora will be deployed in 2014. |
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OVERALL INDUSTRY OUTLOOK : Marginal Growth |
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Incorporated in 2011, the Subject is a Private Limited company,
focusing on cargo handling activities. The Subject has been in business for
less than 5 years and it has slowly been building up contact with its clients
while competing in the industry. However, it has yet to enjoy a stable market
shares as it need to compete many well established players in the same field.
With an issued and paid up capital of MYR 2 contributed by individual
shareholders, the Subject may face difficulties in its attempt to further
expand its business in the future. Thus, the Subject should put more efforts
on its business to gain higher market share while competing aggressively in
the market. |
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No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.