|
Report No. : |
355758 |
|
Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANYOLI SDN. BHD. |
|
|
|
|
Registered Office : |
Suite 12B-23, Wisma Zelan, 1, Jalan Tasik Permaisuri 2, Bandar Tun
Razak Cheras, Level 12B, 56000 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
03.08.2011 |
|
|
|
|
Com. Reg. No.: |
955601-K |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturing of copper ingots and copper wire bars |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 |
ANYOLI SDN. BHD.
|
REGISTRATION
NO. |
: |
955601-K |
|
COMPANY
NAME |
: |
ANYOLI
SDN. BHD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
03/08/2011 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
SUITE
12B-23, WISMA ZELAN, 1, JALAN TASIK PERMAISURI 2, BANDAR TUN RAZAK CHERAS,
LEVEL 12B, 56000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
BUSINESS
ADDRESS |
: |
LOT
19 JALAN ZURAH 3A/2 AND LOT 20, JALAN ZURAH 3A/1, ZURAH INDUSTRIAL PARK,
RASA, 44200 RASA, SELANGOR, MALAYSIA. |
|
TEL.NO. |
: |
N/A |
|
FAX.NO. |
: |
N/A |
|
HP.NO. |
: |
0162606421 |
|
CONTACT
PERSON |
: |
VARUN
GOEL ( DIRECTOR ) |
|
INDUSTRY
CODE |
: |
07299 |
|
PRINCIPAL
ACTIVITY |
: |
MANUFACTURING
OF COPPER INGOTS AND COPPER WIRE BARS |
|
AUTHORISED
CAPITAL |
: |
MYR
5,000,000.00 DIVIDED INTO |
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
1,350,000.00 DIVIDED INTO |
|
SALES |
: |
MYR
94,011,932 [2014] |
|
NET
WORTH |
: |
MYR
2,280,676 [2014] |
|
STAFF
STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER
CHECK |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
STABLE |
|
PAYMENT |
: |
AVERAGE |
|
MANAGEMENT
CAPABILITY |
: |
WEAK |
|
COMMERCIAL
RISK |
: |
N/A |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
AVERAGE
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) manufacturing of copper
ingots and copper wire bars.
The
Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
22/05/2015 |
MYR
5,000,000.00 |
MYR
1,350,000.00 |
|
30/11/2012 |
MYR
5,000,000.00 |
MYR
150,000.00 |
|
04/08/2011 |
MYR
5,000,000.00 |
MYR
2.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
RAMESH
CHANDER GOEL |
UNIT
23-1, BLOCK B, MENARA BANGSAR, JALAN MAAROF, BANGSAR, 59100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
Z2069632 |
1,215,000.00 |
90.00 |
|
VANEETA
GUPTA |
AE-198,
SHALIMAR BAGH, NEW DELHI 110088 ,INDIA |
G6013403 |
135,000.00 |
10.00 |
|
--------------- |
------ |
|||
|
1,350,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
Former
Shareholder(s) :
|
Name |
Country |
IC/PP/Loc
No |
Shareholding |
Last
Updated |
|
CHAN
PUI SZE |
MALAYSIA |
781026-14-5684 |
N/A |
N/A |
DIRECTOR
1
|
Name
Of Subject |
: |
VIPIN
GOEL |
|
Address |
: |
UNIT
23-1, BLOCK B, MENARA BANGSAR, JALAN MAAROF, BANGSAR, 59100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
Other
Address(es) |
: |
BT-61
SHAMILAR BAGH, DELHI-110088 INDIA, MALAYSIA. |
|
IC
/ PP No |
: |
G8995314 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
10/08/2011 |
DIRECTOR
2
|
Name
Of Subject |
: |
VARUN
GOEL |
|
Address |
: |
UNIT
23-1, BLOCK B MENARA BANGSAR, JALAN MAAROF, BANGSAR, 59100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC
/ PP No |
: |
Z2069655 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
13/06/2013 |
DIRECTOR
3
|
Name
Of Subject |
: |
JANARDHANAN
HARIDAS PUTHUVELIL |
|
Address |
: |
HARIDAS
BHAWAN MYLADUPARA, KKUMBHZHA P.O, PATHANAM KERALA, INDIA. |
|
IC
/ PP No |
: |
F0033665 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
10/08/2011 |
DIRECTOR
4
|
Name
Of Subject |
: |
MR.
GOPALA KRISHNAN A/L MARIAPPAN |
|
Address |
: |
41,
LORONG SUNGAI 4B/KS3, OFF JALAN TEPI SUNGAI, TAMAN DESA INDAH, 41100 KLANG,
SELANGOR, MALAYSIA. |
|
Other
Address(es) |
: |
TMN
SRI SEMENTA, SUNGAI KAPAR INDAH, SEMENTA, 42200 KAPAR, SELANGOR, MALAYSIA. |
|
IC
/ PP No |
: |
5352702 |
|
New
IC No |
: |
570329-10-6121 |
|
Date
of Birth |
: |
29/03/1957 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
01/04/2015 |
|
1) |
Name
of Subject |
: |
VARUN
GOEL |
|
Position |
: |
DIRECTOR |
|
Auditor |
: |
S
P TAN & SUNDAR |
|
Auditor'
Address |
: |
SUITE
12B-22, WISMA ZELAN, 1, JALAN TASIK PERMAISURI 2, BANDAR TUN RAZAK,
CHERAS,LEVEL 12B, 56000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
1) |
Company
Secretary |
: |
MS.
T RATNAJOTHY A/P THAMBIDURAI |
|
IC
/ PP No |
: |
5479627 |
|
|
New
IC No |
: |
580606-08-5146 |
|
|
Address |
: |
LOT
587/72, JALAN NGP 2/4, NEW GREEN PARK, JALAN WATERFALL, 48000 RAWANG,
SELANGOR, MALAYSIA. |
|
|
2) |
Company
Secretary |
: |
MR.
SURDASS @ VIPIN KUMAR |
|
IC
/ PP No |
: |
4243746 |
|
|
New
IC No |
: |
511114-10-5957 |
|
|
Address |
: |
11,
LORONG RAHIM KAJAI LAPAN, TAMAN TUN DR. ISMAIL, 60000 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
BANKING
No Banker found in our databank.
ENCUMBRANCE
(S)
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 refused to disclose its suppliers.
The Subject refused to provide any name of trade/service supplier and we are unable
to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL
PAYMENT HABIT |
||||||||||||||
|
Prompt
0-30 Days |
[ |
] |
Good
31-60 Days |
[ |
] |
Average
61-90 Days |
[ |
X |
] |
|||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
] |
|||||||||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its clientele.
|
Products
manufactured |
: |
|
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) manufacturing of
copper ingots and copper wire bars.
The Subject refused to disclose its operation.
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
603
20114120 |
|
Current
Telephone Number |
: |
0162606421 |
|
Match |
: |
NO |
|
Address
Provided by Client |
: |
LOT
NO 19 & 20, JALAN ZURAH 3A/1, ZURAH INDUSTRIAL PARK 44200 RASA SELANGOR |
|
Current
Address |
: |
LOT
19 JALAN ZURAH 3A/2 AND LOT 20, JALAN ZURAH 3A/1, ZURAH INDUSTRIAL PARK,
RASA, 44200 RASA, SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
We contacted one of the Subject's Director Mr Varun on his mobile at 0162606421
but he refused to disclose any information on the Subject. He also refused to
disclose the Subject's business address.
The Subject commenced its business operations on 1st March 2014.
He refused to disclose the Subject's number of employees.
The address is as per stated in the report.
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
(0.00%) |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
(708.06%) |
] |
|
|
Return
on Shareholder Funds |
: |
Favourable |
[ |
59.52% |
] |
|
|
Return
on Net Assets |
: |
Favourable |
[ |
64.20% |
] |
|
|
The higher turnover could be attributed to
the favourable market condition.The management had succeeded in turning the
Subject into a profit making company. The profit could be due to better
control of its operating costs and efficiency in utilising its resources.
Generally the Subject was profitable. The favourable return on shareholders'
funds and return on net assets indicate that the Subject's management was
efficient in utilising the assets to generate returns. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Favourable |
[ |
1
Days |
] |
|
|
Debtor
Ratio |
: |
Favourable |
[ |
34
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
12
Days |
] |
|
|
The Subject's stocks were moving fast thus reducing
its holding cost. This had reduced funds being tied up in stocks. The
favourable debtors' days could be due to the good credit control measures
implemented by the Subject. The Subject had a favourable creditors' ratio
where the Subject could be taking advantage of the cash discounts and also
wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Acceptable |
[ |
0.97
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
0.99
Times |
] |
|
|
The Subject's liquid ratio was slightly
low. This could indicate that the Subject's working capital was slightly
deficient. The Subject will have to improve its liquidity position either by obtaining
short term financing or increase its paid up capital so that it can meet all
its short term obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest
Cover |
: |
Favourable |
[ |
429.32
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.04
Times |
] |
|
|
The interest cover showed that the Subject
was able to service the interest. The favourable interest cover could
indicate that the Subject was making enough profit to pay for the interest accrued.
The Subject was lowly geared thus it had a low financial risk. The Subject
was mainly financed by its shareholders' funds and internally generated
funds. In times of economic slowdown / downturn, the Subject being a lowly
geared company, will be able to compete better than those companies which are
highly geared in the same industry. |
||||||
|
Overall
Assessment : |
||||||
|
The higher turnover had helped to reduce the
Subject's losses. The Subject's liquidity was at an acceptable range. If the
Subject is able to obtain further short term financing, it should be able to
meet all its short term obligations. With the favourable interest cover, the
Subject could be able to service all the accrued interest without facing any
difficulties. The Subject as a lowly geared company, will be more secured
compared to those highly geared companies. It has the ability to meet all its
long term obligations. |
||||||
|
Overall
financial condition of the Subject : STABLE |
||||||
|
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 |
|
|
07299
: Mining of other non-ferrous metal ores n.e.c. |
|
|
INDUSTRY
: |
OIL
& GAS |
|
Malaysia has some 28.35 billion barrels of
oil (BBOE) reserves and about 1.2 per cent of the world's natural gas reserves
(2.35 trillion cubic metres) of proven reserves. Malaysia has a current
production rate of 730,000 barrels per day of crude oil products. It is the
fourth-highest reserves in Asia-Pacific after China, India, and Vietnam.
Nearly all of Malaysia's oil comes from offshore fields. The continental
shelf is divided into three producing basins: the Malay basin offshore
peninsular Malaysia in the west and the Sarawak and Sabah basins in the east.
In 2011, the contribution from petroleum was 35.8% from total government
revenue, followed by 33.7% in 2012 and 31.2% in 2013. |
|
|
In 2014, production of crude oil is
estimated to rebound by 2.1% to 588,000 bpd (2013: -1.6%, 576,000 bpd).
However, during the first seven months of 2014, production of crude oil declined
marginally by 0.7% to 582,156 barrels per day (bpd) (January - July 2013: 1%,
586,296 bpd), due mainly to lower production from the maturing oil fields
during the first quarter. Nevertheless, output of crude oil expanded by 4% in
the second quarter of year 2014, driven by production enhancement efforts and
commencement of production from new oil fields. |
|
|
Furthermore, Malaysia's gas production is
estimated to increase 0.4% to 6,298 mmscfd in 2014 (2013: 6,271 mmscfd). However,
production of natural gas declined marginally by 0.4% to 6,275 million
standard cubic feet per day (mmscfd) during the first seven months of 2014
(January - July 2013: 7.9%, 6,303 mmscfd) due to the sharp decline in natural
gas production in July 2014 (-17.3%). The gas consumption over the first six
months in year 2014 has increased 5.8% to 71.5 million British thermal unit
(Btu) (January - June 2013: 8.8%, 67.6 million Btu) with gas sales rising
12.8% to RM1.2 million (January - June 2013: 8.8%, Rm1.1 million). |
|
|
Moreover, Gas Malaysia Berhad will build a
natural gas pipeline in two new industrial areas in 2014, which are
Terengganu and Johor. The availability of natural gas pipeline in new
industries areas will encourage investors to use natural gas, hence
increasing its usage. In addition, the shift from oil-based fuels such as
diesel and medium fuel oil to natural gas by the industry will also help
reduce air pollution. On the other hand, Petronas continues to actively
explore new fields in Malaysia, as at end of March 2014, exploration activity
involved six fields in Sarawak and one in Peninsular Malaysia. |
|
|
The Pengerang oil storage terminal in
Johor, Malaysia's largest commercial oil storage facility has started
operations in early 2014. It will have a storage capacity of more than 10
million barrels to house crude oil and oil products by the end of 2014 with a
potential to expand to 41 million barrels in the future. This terminal
bolstered southern Malaysia's oil storage capacity by 70% to more than 25
million barrels. |
|
|
The Government of Malaysia also contributes
significantly towards policy and macro-economic planning to secure a
sustainable and long-term success of the oil and gas industry. The Government's
main objective is to increase aggregate production capacity by 5% every year
up to 2020 to meet domestic demand growth while sustaining crude oil and LNG
exports to overseas markets. In the Asia Pacific region, Malaysia aims to be
the number one oil and gas hub by 2017, taking advantage of its strategic
location at key shipping lanes as well as strong economic fundamentals in
China, India and within Southeast Asia. |
|
|
Starting from Dec 1, 2014, Malaysia will
abolish subsidies for gasoline and diesel due to the falling oil prices. The
cost of the widely used RON 95 grade of gasoline and diesel will be based on
a managed float system. According to Prime Minister Datuk Seri Najib Razak,
the savings from fuel subsidies following the introduction of the managed
float system can be used for socio-economic development to benefit the
people. Citing the recent drop in the price of RON97 petrol as an example,
Najib said the managed float system would enable the government to make
fuel-price adjustments quicker to help the rakyat. He said the savings from
fuel subsidies could be channeled to other sectors, such as agriculture,
education and health, which would directly benefit the people. |
|
|
OVERALL
INDUSTRY OUTLOOK : Average Growth |
|
|
Incorporated in 2011, the Subject is a
Private Limited company, focusing on manufacturing of copper ingots and
copper wire bars. The Subject has been in business for less than 5 years and it
has slowly been building up contact with its clients while competing in the
industry. However, it has yet to enjoy a stable market shares as it need to
compete many well established players in the same field. A paid up capital of
MYR 1,350,000 allows the Subject to expand its business more comfortably.
However, the Subject does not have strong shareholders’ backing. Without a
strong shareholders' backing, the opportunity of the Subject to expand its
business is limited.
We noted that both the turnover and profits
have increased compared to the previous year. The higher profit could be due
to increase in turnover and better control over its operating costs. Based on
the higher profitability, the Subject has generated a favourable return based
on its existing shareholders' funds which indicated that the management was
efficient in utilising its funds to generate income. The Subject managed to
maintain an adequate liquidity level, indicating that the Subject has the
ability to meet its financial obligations. Being a lowly geared company, the
Subject is exposed to low financial risk as it is mainly dependent on its
internal funds to finance its business needs. Given a positive net worth
standing at MYR 2,280,676, the Subject should be able to maintain its
business in the near terms.
|
|
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL
REPORTING STANDARDS(FRS) |
|
ANYOLI
SDN. BHD. |
|
Financial
Year End |
2014-12-31 |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
|
TURNOVER |
94,011,932 |
- |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
94,011,932 |
- |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
1,619,922 |
(266,408) |
(160,458) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
1,619,922 |
(266,408) |
(160,458) |
|
Taxation |
(262,380) |
- |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
1,357,542 |
(266,408) |
(160,458) |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||
|
As
previously reported |
(426,866) |
(160,458) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
As
restated |
(426,866) |
(160,458) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
930,676 |
(426,866) |
(160,458) |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
930,676 |
(426,866) |
(160,458) |
|
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||
|
Hire
purchase |
3,782 |
- |
- |
|
---------------- |
---------------- |
---------------- |
|
|
3,782 |
- |
- |
|
|
============= |
- |
- |
|
|
DEPRECIATION
(as per notes to P&L) |
128,546 |
7,503 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
128,546 |
7,503 |
- |
|
|
============= |
============= |
|
ANYOLI
SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||
|
FIXED
ASSETS |
2,577,864 |
1,944,742 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
2,577,864 |
1,944,742 |
- |
|
Stocks |
261,973 |
- |
- |
|
Trade
debtors |
8,791,795 |
- |
- |
|
Other
debtors, deposits & prepayments |
96,597 |
88,054 |
1,100 |
|
Cash
& bank balances |
5,011 |
122,499 |
37,471 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
9,155,376 |
210,553 |
38,571 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
11,733,240 |
2,155,295 |
38,571 |
|
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||
|
Trade
creditors |
3,027,615 |
- |
- |
|
Other
creditors & accruals |
665,341 |
621,667 |
28,677 |
|
Hire
purchase & lease creditors |
38,312 |
- |
- |
|
Bank
overdraft |
7,484 |
- |
- |
|
Provision
for taxation |
68,198 |
- |
- |
|
Other
liabilities |
5,397,059 |
610,494 |
20,352 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
9,204,009 |
1,232,161 |
49,029 |
|
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(48,633) |
(1,021,608) |
(10,458) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
2,529,231 |
923,134 |
(10,458) |
|
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
|||
|
Ordinary
share capital |
1,350,000 |
1,350,000 |
150,000 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
1,350,000 |
1,350,000 |
150,000 |
|
Retained
profit/(loss) carried forward |
930,676 |
(426,866) |
(160,458) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
930,676 |
(426,866) |
(160,458) |
|
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
2,280,676 |
923,134 |
(10,458) |
|
Hire
purchase creditors |
54,373 |
- |
- |
|
Deferred
taxation |
194,182 |
- |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
248,555 |
- |
- |
|
---------------- |
---------------- |
---------------- |
|
|
2,529,231 |
923,134 |
(10,458) |
|
|
============= |
============= |
============= |
|
|
ANYOLI
SDN. BHD. |
|
TYPES
OF FUNDS |
|||
|
Cash |
5,011 |
122,499 |
37,471 |
|
Net
Liquid Funds |
(2,473) |
122,499 |
37,471 |
|
Net
Liquid Assets |
(310,606) |
(1,021,608) |
(10,458) |
|
Net
Current Assets/(Liabilities) |
(48,633) |
(1,021,608) |
(10,458) |
|
Net
Tangible Assets |
2,529,231 |
923,134 |
(10,458) |
|
Net
Monetary Assets |
(559,161) |
(1,021,608) |
(10,458) |
|
PROFIT
& LOSS ITEMS |
|||
|
Earnings
Before Interest & Tax (EBIT) |
1,623,704 |
(266,408) |
(160,458) |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
1,752,250 |
(258,905) |
(160,458) |
|
BALANCE
SHEET ITEMS |
|||
|
Total
Borrowings |
100,169 |
0 |
0 |
|
Total
Liabilities |
9,452,564 |
1,232,161 |
49,029 |
|
Total
Assets |
11,733,240 |
2,155,295 |
38,571 |
|
Net
Assets |
2,529,231 |
923,134 |
(10,458) |
|
Net
Assets Backing |
2,280,676 |
923,134 |
(10,458) |
|
Shareholders'
Funds |
2,280,676 |
923,134 |
(10,458) |
|
Total
Share Capital |
1,350,000 |
1,350,000 |
150,000 |
|
Total
Reserves |
930,676 |
(426,866) |
(160,458) |
|
LIQUIDITY
(Times) |
|||
|
Cash
Ratio |
0 |
0.10 |
0.76 |
|
Liquid
Ratio |
0.97 |
0.17 |
0.79 |
|
Current
Ratio |
0.99 |
0.17 |
0.79 |
|
WORKING
CAPITAL CONTROL (Days) |
|||
|
Stock
Ratio |
1 |
0 |
0 |
|
Debtors
Ratio |
34 |
0 |
0 |
|
Creditors
Ratio |
12 |
0 |
0 |
|
SOLVENCY
RATIOS (Times) |
|||
|
Gearing
Ratio |
0.04 |
0 |
0 |
|
Liabilities
Ratio |
4.14 |
1.33 |
(4.69) |
|
Times
Interest Earned Ratio |
429.32 |
0 |
0 |
|
Assets
Backing Ratio |
1.87 |
0.68 |
(0.07) |
|
PERFORMANCE
RATIO (%) |
|||
|
Operating
Profit Margin |
1.72 |
0 |
0 |
|
Net
Profit Margin |
1.44 |
0 |
0 |
|
Return
On Net Assets |
64.20 |
(28.86) |
1,534.31 |
|
Return
On Capital Employed |
63.06 |
(28.86) |
1,534.31 |
|
Return
On Shareholders' Funds/Equity |
59.52 |
(28.86) |
1,534.31 |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
0 |
|
NOTES
TO ACCOUNTS |
|||
|
Contingent
Liabilities |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.30 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.72.33 |
|
MYR |
1 |
Rs. 15.36 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.