|
Report No. : |
334741 |
|
Report Date : |
04.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
WORLD HEALTH
ORGANIZATION GLOBAL SERVICE CENTRE |
|
|
|
|
Registered Office : |
Not Available |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
23.11.2009 |
|
|
|
|
Com. Reg. No.: |
BC0063-B |
|
|
|
|
Legal Form : |
Nonprofit Organization |
|
|
|
|
Line of Business : |
Providing Healthcare Services, Administration and Management Services. |
|
|
|
|
No. of Employees : |
300 [2015] |
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. |
: |
BC0063-B |
||||
|
COMPANY
NAME |
: |
WORLD
HEALTH ORGANIZATION GLOBAL SERVICE CENTRE |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
23/11/2009 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
NONPROFIT
ORGANIZATION |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
N/A |
||||
|
BUSINESS
ADDRESS |
: |
WISMA
UN, BLOCK C, KOMPLEKS PEJABAT DAMANSARA JALAN DUNGUN, DAMANSARA HEIGHTS, 1ST
FLOOR, 50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-20939908 |
||||
|
FAX.NO. |
: |
03-20937446 |
||||
|
WEB
SITE |
: |
WWW.WHO.INT |
||||
|
CONTACT
PERSON |
: |
GRAHAM
( PRESIDENT ) |
||||
|
INDUSTRY
CODE |
: |
84122
|
||||
|
PRINCIPAL
ACTIVITY |
: |
PROVIDING
HEALTHCARE SERVICES, ADMINISTRATION AND MANAGEMENT SERVICES |
||||
|
AUTHORISED
CAPITAL |
: |
N/A |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
N/A |
||||
|
SALES |
: |
N/A |
||||
|
NET
WORTH |
: |
N/A |
||||
|
STAFF
STRENGTH |
: |
300
[2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
HIGH |
||||
|
CURRENCY
EXPOSURE |
: |
N/A |
||||
|
GENERAL
REPUTATION |
: |
N/A |
||||
|
INDUSTRY
OUTLOOK |
: |
MARGINAL
GROWTH |
||||
HISTORY/
BACKGROUND
|
The Subject is principally engaged in the (as
a / as an) providing healthcare services, administration and management
services.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
No
shareholders was found in our databank at the time of investigation
DIRECTOR
|
No director found in our databank.
MANAGEMENT
|
No data found in our databank.
AUDITOR
|
No Auditor found in our databank
COMPANY
SECRETARIES
|
No company secretary was found in our databank.
BANKING
|
Banking relations are maintained principally with :
|
1)
|
Name |
: |
MALAYAN
BANKING BHD |
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION
CHECK AGAINST SUBJECT
|
* 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.
DEFAULTER
CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT
RECORD
|
|
|||||
|
SOURCES
OF RAW MATERIALS: |
|
||||
|
Local |
: |
NO |
Percentage |
: |
0% |
|
Overseas |
: |
NO |
Percentage |
: |
0% |
The Subject does not have any trade supplier as it is a service provider
company.
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
N/A |
|||
OPERATIONS
|
|
Services |
: |
HEALTHCARE
SERVICES, ADMINISTRATION AND MANAGEMENT SERVICES |
|
|
Competitor(s) |
: |
HINLIONG
GLASS CO. SDN BHD |
|
|
Total
Number of Employees: |
|
||||||||
|
YEAR |
2015 |
2014 |
2013 |
2012 |
2011 |
||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
300 |
300 |
250 |
250 |
200 |
||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) providing healthcare
services, administration and management services.
The Subject is the one of the member of the United Nations.
The Subject is a leading healthcare services provider in Malaysia.
The Subject is the directing and coordinating authority for health.
The Subject is providing health matters, shaping the health research agenda,
setting norms and standards, articulating evidence-based policy options,
providing technical support to countries and monitoring and assessing health
trends.
The Subject's major financier health service provided is the Ministry Of Health
for Malaysia.
The Subject will continue playing its role as technical broker and adviser in
development of the new national health financing mechanism, National health
insurance, and the proposed National Health Financing Authority under the
Ministry of Health.
The Subject also will assess need and possibilities to support the
restructuring of the health service delivery systems and changing roles of the
Goverment.
The Subject also support strategic health planning and the development of
intergrated health risk screening tools and procedures.
The Subject is support the Goverment's effort to strengthen quality assurance
throughout the country, such as:
* Hospital quality care indicators system.
* Control of hospital infection and development
* Revision and Updating of evidence based dinical practice guidelines
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
03-20939908 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
BLOCK
3510, JALAN TEKNOKRAT 6, 63000, CYBERJAYA MALAYSIA |
|
Current
Address |
: |
WISMA
UN, BLOCK C, KOMPLEKS PEJABAT DAMANSARA JALAN DUNGUN, DAMANSARA HEIGHTS, 1ST
FLOOR, 50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
NO |
|
Latest
Financial Accounts |
: |
NO |
|
|
||
Other
Investigations
We contacted one of the staff from the Subject and she provided some
information.
The address provided belongs to the Subject's branch.
FINANCIAL
ANALYSIS
|
|
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 |
||||||
MALAYSIA
ECONOMIC / INDUSTRY OUTLOOK
|
|
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
|
|||||
INDUSTRY
ANALYSIS
|
|
MSIC
CODE |
|
|
84122
: Administrative health care services |
|
|
INDUSTRY
: |
ECONOMY |
|
In
2014, the economy is projected to grow 5.5% - 6% (2013: 4.7%), which is
higher than the initial forecast of 4.5% - 5.5% in early 2014. Growth was supported
by resilient domestic demand and reinforced by higher exports. The faster
pace of recovery, particularly in the US, UK and selected euro area economies
as well as moderate growth in the emerging economies provided strong support
to the Malaysian export oriented industries and trade-related services.
Consequently, gross exports rebounded strongly by 10.7% during the first
seven months of 2014 from a contraction of 2.8% in the corresponding period
in 2013. Furthermore, the economy growth of Malaysia in 2015 is expected to
be 5%-6% driven by improving external demand, resilient domestic economic
activity, and government infra- structure projects. The spillover and
multiplier effect from government spending is crucial for economic growth in
the country. The government also aims to boost the economy by increasing job
opportunities and drive supporting industries. |
|
|
Meanwhile,
the Malaysian economy has benefited from several initiatives and reforms
taken over the years to enhance its resilience and competitiveness. The
nation's strengths include: strong macroeconomic fundamentals such as a
diversified economy, low unemployment, strong international reserves, growing
role of the private sector, and a healthy financial system to support
economic activity. |
|
|
On
the demand side, growth will be reinforced by resilient consumer spending,
strong private investment activity and improving global demand. The domestic
demand is expected to expand in 2015 at a moderate pace, underpinned by higher
investment and sustained consumption spending. Private investment is expected
to remain strong supported by increasing domestic activity, a favorable
external sector, and ongoing projects under the Economic Transformation
Programme (ETP). Private consumption is, however, expected to moderate below
its long-term average, but will continue to support growth. Household
spending is expected to moderate amid higher inflation following the
implementation of GST. Nonetheless, the impact of higher inflation on
consumption is expected to be temporary and will eventually taper off after a
few months of the GST implementation. |
|
|
On
the supply side, all economic sectors are expected to record positive in
2015, with the services and manufacturing sectors remaining the major
contribution to growth. The service sector is projected to grow by 5.6% with
all subsectors recording expansion such as wholesale trade, transport and
storage, retail trade as well as accommodation and restaurants. The
manufacturing sector is expected to grow 5.5% boosted by strong domestic and
export-oriented industries. Meanwhile, the export-oriented industries,
particularly the E&E subsector will benefit from the improvement in
external conditions in line with improving global growth. The agriculture
sector is expected to grow 3.1% by recording higher commodity production and
increase output of food commodities, while the construction sector is
expected to grow 10.7% driven by robust activity in the civil engineering
projects in the O&G sector, residential and non-residential buildings.
The mining sector is expected to grow 2.8% backed by the increase in
production of natural gas and crude oil following capacity enhancement and
new production facilities. |
|
|
Moreover,
in 2014, boosted by strong external demand for manufactured products and
stable commodity prices, exports are expected to grow 6%. Import growth will
remain resilient at 4.3% supported by continued expansion in manufacturing,
investment and consumption activities. Meanwhile, higher remittances by
foreign workers in Malaysia will see a marginally higher deficit in the
secondary income account due to the full implementation of the Minimum Wage
Policy effective from January 2014. Furthermore, Malaysia's external position
is expected to remain strong in 2015 with improve prospects for external
environment, upturn in global semiconductor sales, as well as resilient
domestic and regional demand. Gross exports are expected to increase 3.2%
spurred by higher demand for manufactured products, in particular E&E,
and steady demand for commodities. Gross import are, however, projected to
grow at a faster pace of 5.3% boosted by higher demand for intermediate
inputs and broad-based capital spending, particularly in the manufacturing
and services sectors as well as ongoing implementation of infrastructure
projects. Higher investment activity across major sectors by the
Non-Financial Public Enterprises (NFPEs) is also expected to contribute to
import growth. |
|
|
In
2015, inflation is expected to increase 4-5%, largely due to the
implementation of Goods and Services Tax (GST), spillover effect of fuel
subsidy reduction, and electricity tariff hike in January 2014. This
inflation expectation further heightens the possibility of more Overnight
Policy Rate (OPR) hikes, following the 25 basis points hike in July 2014.
Given the subdued external cost pressure, domestic cost remains the major
factor that drives inflation in 2015. The implementation of the GST will have
a transitory impact on the cost of goods and services. However, the strong
capacity expansion over the past years will help to mitigate the cost
pressures, while a more cautious stance of consumers would also contribute to
moderating demand and hence prevent inflation from becoming more entrenched. |
|
|
On
the other hand, Gross National Income (GNI) in 2015 is expected to expand
further by 9.4% (2014: 10.2%) following continued growth in the domestic
economy. With total consumption spending in nominal terms expected to
increase 9.2%, the Gross National Savings (GNS) is projected to expand 9.8%
(2014: 14.5%). Consequently, the share of GNS and GNI is expected to increase
to 32.5% (2014: 32.4%). However, in line with the better economic growth,
national income as measured by the nominal GNI, is estimated to expand 10.2%
to RM1,049.5 billion in 2014, surpassing for the first time, the RM1-trillion
mark. Other than that, nominal GNI per capita is expected to increase 8.1% to
RM37,486 in 2015 (2014: 8.9%, RM34,682). In terms of Purchasing Power Parity
(PPP), per capital income is expected to increase 2.4% to USD 23,512 in 2015
(2014: 2.2%, USD 22,958). |
|
|
Under
budget 2015, the government targets to bring down the budget deficit to -3%
of GDP by 2015. The initiations of subsidy rationalization and Goods and
Services Tax (GST) in April 2015 are crucial steps towards fiscal
consolidation. |
|
|
OVERALL
INDUSTRY OUTLOOK : Marginal Growth |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
FINANCIAL
ACCOUNT
|
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.96 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.