|
Report No. : |
354684 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
GENIUS PREMIER SDN. BHD. |
|
|
|
|
Registered Office : |
Lot 6.06, Semua House, Jalan Bunus 6, 6th Floor, 50100 Kuala Lumpur,
Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2006 |
|
|
|
|
Date of Incorporation : |
21.06.2004 |
|
|
|
|
Com. Reg. No.: |
656728-A |
|
|
|
|
Legal Form : |
Exempt Private (Limited by Share) |
|
|
|
|
Line of Business : |
Manufacture of Cooling Tower And Industrial Process Cooling Chiller
(Air-Cooled And Water-Cooled). |
|
|
|
|
No. of Employee : |
40 [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. Malaysia is vulnerable to a fall in world commodity prices or a general slowdown in global economic activity.
The NAJIB administration 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. Gross exports of goods and services constitute more than 80% of GDP. The oil and gas sector supplied about 29% of government revenue in 2014. 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 trying to lessen its dependence on state oil producer Petronas.
Bank Negara Malaysia (the central bank) maintains healthy foreign exchange reserves; a well-developed regulatory regime has limited Malaysia's exposure to riskier financial instruments and the global financial crisis. In order to attract increased investment, NAJIB 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. |
: |
656728-A |
||||
|
COMPANY
NAME |
: |
GENIUS
PREMIER SDN. BHD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
21/06/2004 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
EXEMPT
PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
LOT
6.06, SEMUA HOUSE, JALAN BUNUS 6, 6TH FLOOR, 50100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
35-2,
JALAN PUTERI 4/1, BANDAR PUTERI, 47100 PUCHONG, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-80602020 |
||||
|
FAX.NO. |
: |
03-80602000 |
||||
|
WEB
SITE |
: |
WWW.GENIUS-PREMIER.COM |
||||
|
CONTACT
PERSON |
: |
LAW
YUK SIONG ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
43229 |
||||
|
PRINCIPAL
ACTIVITY |
: |
MANUFACTURE
OF COOLING TOWER AND INDUSTRIAL PROCESS COOLING CHILLER (AIR-COOLED AND
WATER-COOLED) |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
500,000.00 DIVIDED INTO |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
500,000.00 DIVIDED INTO |
||||
|
SALES |
: |
N/A |
||||
|
NET
WORTH |
: |
N/A |
||||
|
STAFF
STRENGTH |
: |
40
[2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
MODERATE |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY
OUTLOOK |
: |
AVERAGE
GROWTH |
||||
The Subject is an exempt private company
which is allowed to have a minimum of two and a maximum of twenty shareholders and
all the shareholders must be individuals. An exempt company is a type of
private limited company. As a private limited company, the Subject must have at
least two directors. A private limited company is a separate legal entity from
its shareholders. As a separate legal entity, the Subject is capable of owning
assets, entering into contracts, suing or be sued by other companies. The
Subject is governed by the Companies Act, 1965 and must file in its annual
return. The Subject need not file in its financial statements but it has to
file in a document duly signed by its director in charge of its finance, the
secretary and its auditor stating that the Subject is able to meet all its
obligations as and when they fall due. Although the Subject is not required to
file in its financial statements, it also has to prepare its financial account
which must be presented at the Annual General Meeting.
The
Subject is principally engaged in the (as a / as an) manufacture of cooling
tower and industrial process cooling chiller (air-cooled and water-cooled).
The
Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Former
Address(es)
|
Address |
As
At Date |
|
2-2-16,2ND
FLR, WISMA RAMPAI, JALAN 34/26,TMN SRI RAMPAI, 53300, WILAYAH PERSEKUTUAN,
MALAYSIA |
N/A |
|
15
2ND FLOOR, JALAN TPP 1/1, TAMAN INDUSTRY PUCHONG, 47100, SELANGOR, MALAYSIA |
N/A |
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
26/11/2014 |
MYR
500,000.00 |
MYR
500,000.00 |
|
22/08/2014 |
MYR
500,000.00 |
MYR
100,000.00 |
|
15/02/2013 |
MYR
100,000.00 |
MYR
100,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR.
LAW SIEW YUING + |
13,
TAMAN MJ 2/6, TAMAN MERANTI JAYA, 47100 PUCHONG, SELANGOR, MALAYSIA. |
730409-13-5627
K0334579 |
499,995.00 |
100.00 |
|
MR.
LAW YUK SIONG + |
13,
JALAN MJ 2/6, TAMAN MERANTI JAYA, 47100 PUCHONG, SELANGOR, MALAYSIA. |
491012-13-5447
K361660 |
5.00 |
0.00 |
|
--------------- |
------ |
|||
|
500,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
Former
Shareholder(s) :
|
Name |
Country |
IC/PP/Loc
No |
Shareholding |
Last
Updated |
|
LAW
SIEW SIENG |
MALAYSIA |
770321-13-5637 |
N/A |
N/A |
|
TAN
YEE SING |
MALAYSIA |
800803-01-5886 |
N/A |
N/A |
DIRECTOR
1
|
Name
Of Subject |
: |
MR.
LAW YUK SIONG |
|
Address |
: |
13,
JALAN MJ 2/6, TAMAN MERANTI JAYA, 47100 PUCHONG, SELANGOR, MALAYSIA. |
|
Other
Address(es) |
: |
-
LOPENG, SENADIN, 98000 MIRI, SARAWAK, MALAYSIA. -
LOT 655, TAMAN HILLSTONE, LOPENG, 98000 MIRI;SARAWAK, MALAYSIA. |
|
IC
/ PP No |
: |
K361660 |
|
New
IC No |
: |
491012-13-5447 |
|
Date
of Birth |
: |
12/10/1949 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
27/04/2009 |
DIRECTOR
2
|
Name
Of Subject |
: |
MR.
LAW SIEW YUING |
|
Address |
: |
13,
TAMAN MJ 2/6, TAMAN MERANTI JAYA, 47100 PUCHONG, SELANGOR, MALAYSIA. |
|
Other
Address(es) |
: |
LOPENG,
SENADIN, 98000 MIRI, SARAWAK, MALAYSIA. |
|
IC
/ PP No |
: |
K0334579 |
|
New
IC No |
: |
730409-13-5627 |
|
Date
of Birth |
: |
09/04/1973 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
21/06/2004 |
|
1) |
Name
of Subject |
: |
LAW
YUK SIONG |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
K.K.GOH
& CO. |
|
Auditor'
Address |
: |
2-1,
JALAN 2A/27A, PUSAT BANDAR WANGSA MAJU, SEKSYEN 1, WANGSA MAJU, 53300 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
1) |
Company
Secretary |
: |
MR.
WONG SIEK KONG |
|
IC
/ PP No |
: |
3507011 |
|
|
New
IC No |
: |
470515-08-6381 |
|
|
Address |
: |
B-07-03,
JALAN PERDANA SELATAN, TAMAN SERDANG PERDANA, 43300 SERI KEMBANGAN, SELANGOR,
MALAYSIA. |
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN
BANKING BHD |
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
1 |
31/05/2013 |
N/A |
ALLIANCE
BANK MALAYSIA BERHAD |
- |
Unsatisfied |
* A check has been conducted in our databank againt the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
ASIA |
|||
|
Credit
Term |
: |
AS
AGREED |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
|
Products
manufactured |
: |
|
|||||
|
Competitor(s) |
: |
ASIAFLEX
PRODUCTS SDN BHD |
|||||
|
Total
Number of Employees: |
|
||||||||
|
YEAR |
2015 |
2013 |
2012 |
2011 |
|||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
|||||
|
COMPANY |
40 |
30 |
40 |
40 |
|||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) manufacture of cooling
tower and industrial process cooling chiller (air-cooled and
water-cooled).
The Subject designs and manufactures various models of cross-flow type (Square
type) and counter-flow type (Round type) cooling tower for multipurpose
application such as HVAC, industrial process cooling, plastic industry,
refinery plant etc ranging in capacity from 10RT to 1000 RT.
The Subject also provides full range of cooling tower spare parts service such
as retrofit cooling tower, infill changing, cooling tower fan set changing,
motor, sprinkler head, louver etc.
For industrial process cooling chiller, the Subject has standard design for
air-cooled chiller capacity range from 1 HP to 20 HP and water-cooled chiller
range from 2 HP to 120 HP.
Besides that the Subject is able to custom design and multiple compressor type
chiller system.
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
03-80602020 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
35-2,
JALAN PUTERI 4/1, BANDAR PUTERI,47100,PUCHONG,SELANGOR. |
|
Current
Address |
: |
35-2,
JALAN PUTERI 4/1, BANDAR PUTERI, 47100 PUCHONG, 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 is a private exempt company which does not need to file in its
accounts with the Registrar of Companies for the information of the public.
Therefore, we are not able to comment on the Subject's financial performance. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
|
Major
Economic Indicators: |
2011 |
2012 |
2013 |
2014* |
2015** |
|
Population
( Million) |
28.7 |
29.3 |
29.8 |
30.0 |
30.5 |
|
Gross
Domestic Products ( % ) |
5.1 |
5.6 |
5.3 |
6.0 |
4.7 |
|
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 |
82,480 |
85,258 |
|
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 |
3.2 |
|
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 |
49,203 |
- |
|
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 |
44.0 |
44.2 |
|
Tourist
Arrival ( Million Persons ) |
24.7 |
25.0 |
25.7 |
27.4 |
29.4 |
|
Hotel
Occupancy Rate ( % ) |
60.6 |
62.4 |
62.6 |
63.6 |
58.8 |
|
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) |
1.0 |
0.7 |
0.7 |
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 |
5.3 |
|
Electrical
& Electronics |
(4.0) |
12.7 |
6.9 |
13.3 |
7.9 |
|
Rubber
Products |
20.7 |
3.0 |
11.7 |
(0.3) |
3.4 |
|
Wood
Products |
(5.1) |
8.7 |
(2.7) |
5.1 |
7.1 |
|
Textiles
& Apparel |
13.2 |
(7.1) |
(2.6) |
11.5 |
7.2 |
|
Domestic-oriented
Industries |
10.7 |
1.7 |
6.8 |
9.4 |
3.3 |
|
Food,
Beverages & Tobacco |
4.80 |
2.70 |
3.60 |
6.13 |
8.90 |
|
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 |
3.6 |
|
Non-metallic
Mineral |
12.1 |
2.9 |
(2.0) |
5.4 |
7.2 |
|
Transport
Equipment |
12.0 |
3.4 |
13.8 |
22.9 |
7.6 |
|
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 |
|
|
43229
: Plumbing, heat and air-conditioning installation n.e.c. |
|
|
INDUSTRY
: |
CONSTRUCTION |
|
The construction sector consists of four
subsectors: residential, non-residential, civil engineering and special trade
works. During a period of rapid economic expansion, the sector generally
outperforms Gross Domestic Product (GDP) growth. |
|
|
In 2014, the construction sector is
expected to further expand by 12.7% and contribute 4% to GDP, supported by
the civil engineering and residential subsectors. The civil engineering
subsector will be driven by oil and gas (O&G) as well as transportation
projects. Meanwhile, growth in the residential subsector is mainly due to the
construction of private residential projects ranging from medium to high-end
properties. The sector is expected to benefit from the acceleration of
ongoing construction activities, particularly from the Economic
Transformation Programme (ETP) construction-related projects. In 2015, the
construction sector is expected to grow by 10.7% supported by commencement of
O&G related projects such as RAPID as well as ongoing transportation
related infrastructure projects. |
|
|
On the other hand, civil engineering subsector
expanded 6.3% during the first half of 2014, but growth has moderated
following the completion of some major projects, including KLIA2, Second
Penang Bridge and Manjung coal-power plant. However, ongoing civil
engineering projects, particularly O&G related activities and expansion
of electricity power stations and transmission lines, will still contribute
significantly to the subsector. These include the development of Floating
Liquefied Natural Gas 1 Project (FLNG 1) and Sabah Ammonia Urea Plant (SAMUR)
projects, and electricity power plants in Manjung and Seberang Prai. Other
key projects which will boost growth in the subsector include the ongoing MRT
Line 1 project and LRT extension, clean water supply and electrification
expansion projects to rural areas especially of Kuantan Port, extension of
DUKE and construction of West Coast Expressway the Central Spine Road from
Bentong to Kuala Krai. |
|
|
Besides, growth in the non-residential
subsector turned around sharply by 14% in line with healthy business activity
during the first half of 2014. This was reflected by increased construction
activities especially for commercial buildings with the incoming supply of
shops. The subsector is expected to remain stable in 2015 supported by
encouraging demand for industrial and commercial buildings. Major commercial
building projects such as the 118-storey Menara Warisan and Bukit Bintang
City Centre are expected to contribute to the growth of the sector. |
|
|
Moreover, the residential subsector expanded
strongly by 22.1% during the first half of 2014 supported by higher growth in
incoming supply. Meanwhile, new housing approvals increased significantly by
32.6%. Despite the decline in housing starts at 5.3%, residential activity is
expected to remain stable. The subsector is expected to remain strong in view
of the increased demand for housing in 2015, particularly from the
middle-income group. Demand for affordable housing will remain favorable amid
several Government initiatives such as PR1MA. |
|
|
Under budget 2015, Government will allocate
the total of RM48.25 billion for the construction cost of Sungai Besi - Ulu
Klang Expressway (SUKE), West Coast Expressway from Taiping to Banting,
Damansara - Shah Alam Highway (DASH), Eastern Klang Valley Expressway (EKVE),
upgrading the East Coast railway line, Second MRT Line from Selayang to
Putrajaya, and LRT 3 Project. Besides, the Government intends to start
construction of the 1,663-km Pan-Borneo Highway comprising 936 km in Sarawak
and 727 km in Sabah at a total construction cost of RM27 billion. Other than
that, Government will also allocate RM3 billion for the construction of Air
Langat 2 Water Treatment Plant to resolve the problem of water supply
shortage in the Klang Valley. |
|
|
Starting from 1st April, 2015, all types of
construction services including construction of residential houses or
agricultural buildings and building materials are subject to 6% of Goods and
Services Tax. According to Real Estate and Housing Developers' Association
Malaysia (Rehda), home prices will raise once the goods and services tax
(GST) comes into play and it will have an impact on construction industry. |
|
|
OVERALL
INDUSTRY OUTLOOK : Average Growth |
|
|
Incorporated in 2004, the Subject is an
Exempt Private company, focusing on manufacture of cooling tower and
industrial process cooling chiller (air-cooled and water-cooled). Having been
in the industry for over a decade, the Subject has achieved a certain market
share and has built up a satisfactory reputation in the market. It should
have received supports from its regular customers. With an issued and paid up
capital of MYR 500,000 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.
|
|
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL
REPORTING STANDARDS(FRS) |
|
GENIUS
PREMIER SDN. BHD. |
|
Financial
Year End |
2006-06-30 |
2005-06-30 |
|
Months |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
|
Audited
Account |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial
Type |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
|
TURNOVER |
2,056,412 |
1,332,621 |
|
---------------- |
---------------- |
|
|
Total
Turnover |
2,056,412 |
1,332,621 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
3,756 |
25,300 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
3,756 |
25,300 |
|
Taxation |
(5,766) |
(8,136) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
(2,010) |
17,164 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
(2,010) |
17,164 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
(2,010) |
17,164 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As
previously reported |
17,164 |
- |
|
---------------- |
---------------- |
|
|
As
restated |
17,164 |
- |
|
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
15,154 |
17,164 |
|
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
15,154 |
17,164 |
|
============= |
============= |
|
|
GENIUS
PREMIER SDN. BHD. |
|
ASSETS
EMPLOYED: |
||
|
FIXED
ASSETS |
99,672 |
99,639 |
|
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
99,672 |
99,639 |
|
TOTAL
CURRENT ASSETS |
754,956 |
677,275 |
|
---------------- |
---------------- |
|
|
TOTAL
ASSET |
854,628 |
776,914 |
|
============= |
============= |
|
|
TOTAL
CURRENT LIABILITIES |
739,474 |
659,750 |
|
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
15,482 |
17,525 |
|
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
115,154 |
117,164 |
|
============= |
============= |
|
|
SHARE
CAPITAL |
||
|
Ordinary
share capital |
100,000 |
100,000 |
|
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
100,000 |
100,000 |
|
Retained
profit/(loss) carried forward |
15,154 |
17,164 |
|
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
15,154 |
17,164 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
115,154 |
117,164 |
|
---------------- |
---------------- |
|
|
115,154 |
117,164 |
|
|
============= |
============= |
|
|
GENIUS
PREMIER SDN. BHD. |
|
TYPES
OF FUNDS |
||
|
Net
Liquid Assets |
15,482 |
17,525 |
|
Net
Current Assets/(Liabilities) |
15,482 |
17,525 |
|
Net
Tangible Assets |
115,154 |
117,164 |
|
Net
Monetary Assets |
15,482 |
17,525 |
|
BALANCE
SHEET ITEMS |
||
|
Total
Liabilities |
739,474 |
659,750 |
|
Total
Assets |
854,628 |
776,914 |
|
Net
Assets |
115,154 |
117,164 |
|
Net
Assets Backing |
115,154 |
117,164 |
|
Shareholders'
Funds |
115,154 |
117,164 |
|
Total
Share Capital |
100,000 |
100,000 |
|
Total
Reserves |
15,154 |
17,164 |
|
LIQUIDITY
(Times) |
||
|
Current
Ratio |
1.02 |
1.03 |
|
SOLVENCY
RATIOS (Times) |
||
|
Liabilities
Ratio |
6.42 |
5.63 |
|
Assets
Backing Ratio |
1.15 |
1.17 |
|
PERFORMANCE
RATIO (%) |
||
|
Operating
Profit Margin |
0.18 |
1.90 |
|
Net
Profit Margin |
(0.10) |
1.29 |
|
Return
On Net Assets |
3.26 |
21.59 |
|
Return
On Capital Employed |
3.26 |
21.59 |
|
Return
On Shareholders' Funds/Equity |
(1.75) |
14.65 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
MYR |
1 |
Rs. 15.59 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
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.