|
Report No. : |
337106 |
|
Report Date : |
19.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BENZLER (MALAYSIA) SDN. BHD. |
|
|
|
|
Formerly Known As : |
BENZLER-SALA (MALAYSIA) SDN BHD
|
|
|
|
|
Registered Office : |
Wisma Goshen,2nd Flr, 60 & 62,Jalan Ss 22/21, Damansara Jaya,P.Jaya,Sel., 47400 Petaling Jaya, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
11.10.1983 |
|
|
|
|
Com. Reg. No.: |
107816-K |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Dissolved |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
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. |
: |
107816-K |
|
COMPANY
NAME |
: |
BENZLER
(MALAYSIA) SDN. BHD. |
|
FORMER
NAME |
: |
BENZLER-SALA
(MALAYSIA) SDN BHD (08/09/1988) |
|
INCORPORATION
DATE |
: |
11/10/1983 |
|
COMPANY
STATUS |
: |
DISOLVED |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
WISMA
GOSHEN,2ND FLR, 60 & 62,JALAN SS 22/21, DAMANSARA JAYA,P.JAYA,SEL., 47400
PETALING JAYA, SELANGOR, MALAYSIA. |
|
BUSINESS
ADDRESS |
: |
N/A |
|
TEL.NO. |
: |
N/A |
|
FAX.NO. |
: |
N/A |
|
CONTACT
PERSON |
: |
N/A |
|
INDUSTRY
CODE |
: |
0
|
|
PRINCIPAL
ACTIVITY |
: |
DORMANT |
|
AUTHORISED
CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
513,356.00 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 |
: |
N/A |
|
COMMERCIAL
RISK |
: |
N/A |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
GENERAL
REPUTATION |
: |
N/A |
|
INDUSTRY
OUTLOOK |
: |
NOT
YET DETERMINED |
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) dormant.
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
1,000,000.00 |
MYR
513,356.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
AKTIEBOLAGET
BENZLERS |
- |
XLZ00209451 |
513,356.00 |
100.00 |
|
--------------- |
------ |
|||
|
513,356.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTOR
1
|
Name
Of Subject |
: |
MR.
YAU CHOY LIANG |
|
Address |
: |
15,
JALAN JUJOR 1/6, TAMAN BAKTI, SELANGOR, MALAYSIA. |
|
IC
/ PP No |
: |
4541507 |
|
New
IC No |
: |
531223-08-5893 |
|
Date
of Birth |
: |
23/12/1953 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
16/01/1984 |
DIRECTOR
2
|
Name
Of Subject |
: |
MS.
KOK SIEW KUAN |
|
Address |
: |
F4-01-07,
SUBANG PERDANA COURT 8, SELANGOR, MALAYSIA. |
|
IC
/ PP No |
: |
5759917 |
|
New
IC No |
: |
590908-10-5746 |
|
Date
of Birth |
: |
08/09/1959 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
01/04/2004 |
DIRECTOR
3
|
Name
Of Subject |
: |
THOMAS
RAYMOND CROSS |
|
Address |
: |
21,MILL
ROAD, KILMORE, VICTORIA, AUSTRALIA., AUSTRALIA. |
|
IC
/ PP No |
: |
E6301343 |
|
Date
of Appointment |
: |
21/11/2002 |
No
data found in our databank.
|
Auditor |
: |
ERNST
& YOUNG |
|
Auditor'
Address |
: |
MENARA
MILENIUM, JALAN DAMANLELA, PUSAT BANDAR DAMANSARA, DAMANSARA HEIGHTS, LEVEL 23A,
50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
1)
|
Company
Secretary |
: |
MS.
LAM LEE SAN |
|
IC
/ PP No |
: |
A2855638 |
|
|
New
IC No |
: |
740810-14-5740 |
|
|
Address |
: |
B-02-17,
SRI CAMELLIA APARTMENT, JALAN PUTERI 7/15, BANDAR PUTERI PUCHONG, 47100
PUCHONG, SELANGOR, MALAYSIA. |
|
|
2)
|
Company
Secretary |
: |
MS.
ENG SOO FUNN |
|
IC
/ PP No |
: |
6895202 |
|
|
New
IC No |
: |
621011-08-5946 |
|
|
Address |
: |
62,
JALAN 14/15, 46100 PETALING JAYA, 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 |
No data found in our databank.
|
Branch |
: |
|
Other
Information:
The Subject is principally engaged in the (as a / as an) dormant.
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
N/A |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
N/A |
|
Current
Address |
: |
N/A |
|
Match |
: |
N/A |
|
Latest
Financial Accounts |
: |
NO |
Other
Investigations
We were unable to contact the Subject and its Directors.
Based on the registry, the Subject had already been disolved.
|
The
Subject is a dormant company. Thus it is not appropriate for us 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
|
|||||
|
MSIC
CODE |
|
|
0
: DORMANT |
|
|
INDUSTRY
: |
DORMANT |
|
The
Subject is a dormant company and it is not active in its business operation. |
|
|
OVERALL
INDUSTRY OUTLOOK : Not Yet Determined |
|
As the Subject is a dormant company, it is inappropriate to comment on its
creditworthiness. In view of the above, we do not recommend any credit be
granted to the Subject.
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL
REPORTING STANDARDS(FRS) |
||||||
|
Financial
Year End |
2008-12-31 |
2007-12-31 |
2006-12-31 |
2005-12-31 |
2004-12-31 |
|
|
Months |
12 |
12 |
12 |
12 |
12 |
|
|
Consolidated
Account |
Company |
Company |
Company |
Company |
Company |
|
|
Audited
Account |
YES |
YES |
YES |
YES |
YES |
|
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
NO |
|
|
Financial
Type |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
|
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
|
TURNOVER |
100,000 |
- |
- |
- |
1,591,727 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
||
|
Total
Turnover |
100,000 |
- |
- |
- |
1,591,727 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
||
|
PROFIT/(LOSS)
FROM OPERATIONS |
73,129 |
(26,250) |
(19,600) |
1,092,359 |
(1,370,065) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
||
|
PROFIT/(LOSS)
BEFORE TAXATION |
73,129 |
(26,250) |
(19,600) |
1,092,359 |
(1,370,065) |
|
|
Taxation |
(20,112) |
- |
(307) |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
||
|
PROFIT/(LOSS)
AFTER TAXATION |
53,017 |
(26,250) |
(19,907) |
1,092,359 |
(1,370,065) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
||
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
53,017 |
(26,250) |
(19,907) |
1,092,359 |
(1,370,065) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
||
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
53,017 |
(26,250) |
(19,907) |
1,092,359 |
(1,370,065) |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||||||
|
As
previously reported |
(216,763) |
(190,513) |
(170,606) |
(1,262,965) |
107,100 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
||
|
As
restated |
(216,763) |
(190,513) |
(170,606) |
(1,262,965) |
107,100 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
||
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
(163,746) |
(216,763) |
(190,513) |
(170,606) |
(1,262,965) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
||
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
(163,746) |
(216,763) |
(190,513) |
(170,606) |
(1,262,965) |
|
|
============= |
============= |
============= |
============= |
============= |
||
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
- |
- |
- |
366,399 |
375,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
- |
- |
- |
366,399 |
375,000 |
|
TOTAL
CURRENT ASSETS |
514,828 |
457,824 |
484,074 |
176,396 |
427,613 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
514,828 |
457,824 |
484,074 |
542,795 |
802,613 |
|
============= |
============= |
============= |
============= |
============= |
|
|
TOTAL
CURRENT LIABILITIES |
165,218 |
161,231 |
161,231 |
200,045 |
379,472 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
349,610 |
296,593 |
322,843 |
(23,649) |
48,141 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
349,610 |
296,593 |
322,843 |
342,750 |
423,141 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
513,356 |
513,356 |
513,356 |
513,356 |
513,356 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
513,356 |
513,356 |
513,356 |
513,356 |
513,356 |
|
Retained
profit/(loss) carried forward |
(163,746) |
(216,763) |
(190,513) |
(170,606) |
(1,262,965) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
(163,746) |
(216,763) |
(190,513) |
(170,606) |
(1,262,965) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
349,610 |
296,593 |
322,843 |
342,750 |
(749,609) |
|
TOTAL
LONG TERM LIABILITIES |
- |
- |
- |
- |
1,172,750 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
349,610 |
296,593 |
322,843 |
342,750 |
423,141 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
TYPES
OF FUNDS |
|||||
|
Net
Liquid Assets |
349,610 |
296,593 |
322,843 |
(23,649) |
48,141 |
|
Net
Current Assets/(Liabilities) |
349,610 |
296,593 |
322,843 |
(23,649) |
48,141 |
|
Net
Tangible Assets |
349,610 |
296,593 |
322,843 |
342,750 |
423,141 |
|
Net
Monetary Assets |
349,610 |
296,593 |
322,843 |
(23,649) |
(1,124,609) |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Liabilities |
165,218 |
161,231 |
161,231 |
200,045 |
1,552,222 |
|
Total
Assets |
514,828 |
457,824 |
484,074 |
542,795 |
802,613 |
|
Net
Assets |
349,610 |
296,593 |
322,843 |
342,750 |
423,141 |
|
Net
Assets Backing |
349,610 |
296,593 |
322,843 |
342,750 |
(749,609) |
|
Shareholders'
Funds |
349,610 |
296,593 |
322,843 |
342,750 |
(749,609) |
|
Total
Share Capital |
513,356 |
513,356 |
513,356 |
513,356 |
513,356 |
|
Total
Reserves |
(163,746) |
(216,763) |
(190,513) |
(170,606) |
(1,262,965) |
|
LIQUIDITY
(Times) |
|||||
|
Current
Ratio |
3.12 |
2.84 |
3.00 |
0.88 |
1.13 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Liabilities
Ratio |
0.47 |
0.54 |
0.50 |
0.58 |
(2.07) |
|
Assets
Backing Ratio |
0.68 |
0.58 |
0.63 |
0.67 |
0.82 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
73.13 |
- |
- |
- |
(86.07) |
|
Net
Profit Margin |
53.02 |
- |
- |
- |
(86.07) |
|
Return
On Net Assets |
20.92 |
(8.85) |
(6.07) |
318.70 |
(323.78) |
|
Return
On Capital Employed |
20.92 |
(8.85) |
(6.07) |
318.70 |
(323.78) |
|
Return
On Shareholders' Funds/Equity |
15.16 |
(8.85) |
(6.17) |
318.70 |
182.77 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
UK Pound |
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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.