|
Report No. : |
334982 |
|
Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANUGERAH LESTARI SDN. BHD. |
|
|
|
|
Registered Office : |
20-M, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
25.11.2009 |
|
|
|
|
Com. Reg. No.: |
880508-X |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is engaged in provision of cargo handling services. |
|
|
|
|
No. of Employees : |
Not Available |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 previously 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 strained government finances, 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 supplied about 29% of government revenue in 2014. 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. |
: |
880508-X |
|
COMPANY
NAME |
: |
ANUGERAH
LESTARI SDN. BHD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
25/11/2009 |
|
|
|
|
|
|
|
|
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
|
|
|
|
|
|
|
|
REGISTERED
ADDRESS |
: |
20-M, LORONG
GOPENG, 41400 KLANG, SELANGOR, MALAYSIA. |
|
BUSINESS
ADDRESS |
: |
19,
JALAN BERANGAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
|
TEL.NO. |
: |
03-31680696 |
|
FAX.NO. |
: |
03-31679400 |
|
CONTACT
PERSON |
: |
RAHMAT
BIN TAHIR ( DIRECTOR ) |
|
|
|
|
|
INDUSTRY
CODE |
: |
52291 |
|
PRINCIPAL
ACTIVITY |
: |
PROVISION
OF CARGO HANDLING SERVICES |
|
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) provision of cargo
handling services.
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 :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR.
RAHMAT BIN TAHIR + |
LOT 526A,
KAMPUNG TELOK GADONG KECIL, JALAN YADI, 41200 KLANG, SELANGOR, MALAYSIA. |
650714-10-6355
A0187731 |
1.00 |
50.00 |
|
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 |
|
|
|
|
--------------- |
------ |
|
|
|
|
2.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also
Director
DIRECTOR
1
|
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 |
: |
23/09/2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR
2
|
Name
Of Subject |
: |
MR.
RAHMAT BIN TAHIR |
|
Address |
: |
LOT
526A, KAMPUNG TELOK GADONG KECIL, JALAN YADI, 41200 KLANG, SELANGOR,
MALAYSIA. |
|
IC /
PP No |
: |
A0187731 |
|
New IC
No |
: |
650714-10-6355 |
|
Date
of Birth |
: |
14/07/1965 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
25/11/2009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) |
Name
of Subject |
: |
RAHMAT
BIN TAHIR |
|
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
TAN
CHE & ASSOCIATES |
|
Auditor'
Address |
: |
34-36,
LORONG GOPENG, 41400 KLANG, SELANGOR, MALAYSIA. |
|
1) |
Company
Secretary |
: |
MR.
WONG YIT DONG |
|
|
IC /
PP No |
: |
4761187 |
|
|
New IC
No |
: |
550405-06-5387 |
|
|
Address |
: |
20-M,
LORONG GOPENG, 41400 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.
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|
|
|
|
Export
Market |
: |
INDONESIA |
|||
|
Credit
Term |
: |
N/A |
|||
|
|
|
|
|
|
|
|
Payment
Mode |
: |
CHEQUES |
|||
|
Services |
: |
|
|
|
|
|
|
|
Branch |
: |
|
Other
Information:
The Subject is principally engaged in the (as a / as an) provision of cargo
handling services.
The Subject is engaged in the cargo handling and other related services.
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
03-31680696 |
|
Match |
: |
N/A |
|
|
|
|
|
Address
Provided by Client |
: |
NO 19,
JALAN BERANGAN 42000 PORT KLANG, SELANGOR, DARUL EHSAN, MALAYASIA |
|
Current
Address |
: |
19,
JALAN BERANGAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
|
|
|
|
Latest
Financial Accounts |
: |
NO |
Other
Investigations
We contacted one of the staff from the Subject and he provided some
information.
The Subject refused to disclose its number of employees and bankers.
|
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 |
3.2 |
4.0 |
|
Unemployment
Rate |
3.3 |
3.2 |
3.0 |
2.9 |
3.0 |
|
|
|
|
|
|
|
|
Net
International Reserves ( MYR Billion ) |
415 |
427 |
- |
417 |
- |
|
Average
Risk-Weighted Capital Adequacy Ratio ( % ) |
3.50 |
2.20 |
- |
4.00 |
- |
|
Average
3 Months of Non-performing Loans ( % ) |
14.80 |
14.70 |
- |
- |
- |
|
Average
Base Lending Rate ( % ) |
6.60 |
6.53 |
6.53 |
6.85 |
- |
|
Business
Loans Disbursed( % ) |
15.3 |
32.2 |
- |
56.0 |
- |
|
Foreign
Investment ( MYR Million ) |
23,546.1 |
26,230.4 |
38,238.0 |
43,486.6 |
- |
|
Consumer
Loans ( % ) |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Registration
of New Companies ( No. ) |
45,455 |
45,441 |
46,321 |
49,144 |
- |
|
Registration
of New Companies ( % ) |
3.0 |
(0.0) |
1.9 |
6.1 |
- |
|
Liquidation
of Companies ( No. ) |
132,485 |
17,092 |
26,430 |
21,753 |
- |
|
Liquidation
of Companies ( % ) |
417.8 |
(87.1) |
54.6 |
(17.7) |
- |
|
|
|
|
|
|
|
|
Registration
of New Business ( No. ) |
284,598 |
324,761 |
329,895 |
332,723 |
- |
|
Registration
of New Business ( % ) |
5.0 |
14.0 |
2.0 |
1.0 |
- |
|
Business
Dissolved ( No. ) |
20,121 |
20,380 |
18,161 |
21,436 |
- |
|
Business
Dissolved ( % ) |
1.9 |
1.3 |
(10.9) |
18.0 |
- |
|
|
|
|
|
|
|
|
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 |
63.2 |
- |
|
|
|
|
|
|
|
|
Credit
Cards Spending ( % ) |
15.6 |
12.6 |
- |
13.5 |
- |
|
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) |
- |
- |
3.0 |
- |
|
Other
Mining |
- |
- |
- |
46.6 |
- |
|
Industry
Non-performing Loans ( MYR Million ) |
46.5 |
- |
- |
- |
- |
|
%
of Industry Non-performing Loans |
0.1 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Manufacturing
# |
4.7 |
4.8 |
3.4 |
6.4 |
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 |
1.4 |
- |
|
Plastic
Products |
3.8 |
- |
- |
2.7 |
- |
|
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 |
- |
- |
13.0 |
- |
|
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 |
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MSIC CODE |
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52291 : Forwarding of freight |
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INDUSTRY : |
TRANSPORTATION |
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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%. |
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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%). |
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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. |
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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. |
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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). |
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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. |
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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 2009, the Subject is a Private Limited company, focusing on provision
of cargo handling services. 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. 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.
Investigation revealed, 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. We regard that the Subject's
management capability is weak. Without capable management, the Subject is
unlikely to be successful and often contribute to unacceptable levels of
accountability. Weak management can affect productivity, profitability, sales
growth and ultimately can result in the failure of a business.
No latest financial accounts were filed with the Registry office during our
inspection. Therefore, our comment on the Subject's overall financial
performance are restricted thereto.
Without a strong assets backing, the Subject may face difficulties in getting
loans for its future expansion and continued growth .
The industry has reached its maturity stage and only enjoying a marginal
growth. The steady growth of the country's economy will further enhance the
industry activities. Thus, the Subject's future performance is very much depend
on its marketing strategies in order to retain its position in the market.
In view of the above, we only recommend credit be proceeded to the Subject with
guarantee.
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THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL
REPORTING STANDARDS(FRS) |
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Financial
Year End |
2010-12-31 |
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Months |
12 |
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Consolidated
Account |
Company |
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Audited
Account |
YES |
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Unqualified
Auditor's Report (Clean Opinion) |
YES |
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Financial
Type |
SUMMARY |
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Currency |
MYR |
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TURNOVER |
818,214 |
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Total
Turnover |
818,214 |
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PROFIT/(LOSS)
FROM OPERATIONS |
7,200 |
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PROFIT/(LOSS)
BEFORE TAXATION |
7,200 |
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Taxation |
(11,893) |
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PROFIT/(LOSS)
AFTER TAXATION |
(4,693) |
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PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
(4,693) |
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PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
(4,693) |
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PROFIT
AVAILABLE FOR APPROPRIATIONS |
(4,693) |
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RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
(4,693) |
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ASSETS
EMPLOYED: |
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FIXED
ASSETS |
1,216 |
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TOTAL
LONG TERM ASSETS |
1,216 |
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TOTAL
CURRENT ASSETS |
463,726 |
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TOTAL
ASSET |
464,942 |
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TOTAL CURRENT
LIABILITIES |
469,633 |
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NET
CURRENT ASSETS/(LIABILITIES) |
(5,907) |
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TOTAL
NET ASSETS |
(4,691) |
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SHARE
CAPITAL |
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Ordinary
share capital |
2 |
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TOTAL SHARE
CAPITAL |
2 |
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Retained
profit/(loss) carried forward |
(4,693) |
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TOTAL
RESERVES |
(4,693) |
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SHAREHOLDERS'
FUNDS/EQUITY |
(4,691) |
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(4,691) |
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TYPES
OF FUNDS |
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Net
Liquid Assets |
(5,907) |
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Net
Current Assets/(Liabilities) |
(5,907) |
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Net
Tangible Assets |
(4,691) |
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Net
Monetary Assets |
(5,907) |
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BALANCE
SHEET ITEMS |
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Total Liabilities |
469,633 |
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Total
Assets |
464,942 |
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Net
Assets |
(4,691) |
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Net
Assets Backing |
(4,691) |
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Shareholders'
Funds |
(4,691) |
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Total
Share Capital |
2 |
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Total
Reserves |
(4,693) |
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LIQUIDITY
(Times) |
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Current
Ratio |
0.99 |
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SOLVENCY
RATIOS (Times) |
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Liabilities
Ratio |
(100.11) |
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Assets
Backing Ratio |
(2,345.50) |
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PERFORMANCE
RATIO (%) |
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Operating
Profit Margin |
0.88 |
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Net
Profit Margin |
(0.57) |
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Return
On Net Assets |
(153.49) |
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Return
On Capital Employed |
(153.49) |
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Return
On Shareholders' Funds/Equity |
100.04 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.01 |
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UK Pound |
1 |
Rs.99.84 |
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Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.