|
Report No. : |
357152 |
|
Report Date : |
31.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DAIKIN MALAYSIA SDN. BHD. |
|
|
|
|
Formerly Known As : |
O.Y.L. MANUFACTURING COMPANY SDN. BHD. SEMICON ADVANCED TECHNOLOGY (MALAYSIA) SDN
BHD NEW AVENUES SDN BHD |
|
|
|
|
Registered Office : |
Jalan Pengapit 15/19, 40000 Shah Alam,
Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
04.01.1984 |
|
|
|
|
Com. Reg. No.: |
112531-W |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Manufacture Of Single & Multiple Split
Air-Conditioners & Packaged & Plant Air-Conditioning Equipment. |
|
|
|
|
No. of Employee : |
2,000 [2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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. |
: |
112531-W |
||||
|
COMPANY NAME |
: |
DAIKIN MALAYSIA SDN. BHD. |
||||
|
FORMER NAME |
: |
O.Y.L.
MANUFACTURING COMPANY SDN. BHD. (15/12/2015) |
||||
|
INCORPORATION
DATE |
: |
04/01/1984 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED
(LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
JALAN PENGAPIT
15/19, 40000 SHAH ALAM, SELANGOR, MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
LOT 60334,
PERSIARAN BUKIT RAHMAN PUTRA 3, TAMAN PERINDUSTRIAN BUKIT RAHMAN PUTRA, 47000
SUNGAI BULOH, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-61458600 |
||||
|
FAX.NO. |
: |
03-61412286 |
||||
|
EMAIL |
: |
ANGELINELEE@OYL.COM.MY |
||||
|
WEB SITE |
: |
WWW.OYL.COM.MY |
||||
|
CONTACT PERSON |
: |
KATSUHIKO
TAKAGI ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
28191 |
||||
|
PRINCIPAL
ACTIVITY |
: |
MANUFACTURE OF
SINGLE & MULTIPLE SPLIT AIR-CONDITIONERS & PACKAGED & PLANT
AIR-CONDITIONING EQUIPMENT |
||||
|
AUTHORISED
CAPITAL |
: |
MYR 300,000,000.00
DIVIDED INTO |
||||
|
ISSUED AND PAID
UP CAPITAL |
: |
MYR
276,254,567.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
2,599,130,000 [2015] |
||||
|
NET WORTH |
: |
MYR
1,677,191,000 [2015] |
||||
|
M1000 OVERALL
RANKING |
: |
158[2011] |
||||
|
M1000 INDUSTRY
RANKING |
: |
5[2011] |
||||
|
STAFF STRENGTH |
: |
2,000 [2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
STRONG |
||||
|
PAYMENT |
: |
GOOD |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY
EXPOSURE |
: |
HIGH |
||||
|
GENERAL
REPUTATION |
: |
GOOD |
||||
|
INDUSTRY
OUTLOOK |
: |
AVERAGE GROWTH |
||||
HISTORY / BACKGROUND
|
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) manufacture of single & multiple
split air-conditioners & packaged & plant air-conditioning equipment.
The Subject is
not listed on Bursa Malaysia (Malaysia Stock Exchange).
|
According to
the Malaysia 1000 publication, the Subject's ranking are as follows: |
|
||||
|
|||||
|
YEAR |
2011 |
2008 |
2005 |
2004 |
|
|
OVERALL RANKING |
158 |
358 |
338 |
301 |
|
|
INDUSTRY
RANKING |
5 |
21 |
22 |
23 |
|
The immediate
holding company of the Subject is DAIKIN INDUSTRIES LTD., a company
incorporated in JAPAN.
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
30/09/2014 |
MYR
300,000,000.00 |
MYR
276,254,567.00 |
|
16/05/2006 |
MYR
100,000,000.00 |
MYR
50,001,600.00 |
The major
shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
DAIKIN
INDUSTRIES LTD. |
UMEDA CENTER
BUILDING, 4-12 NAKAZAKI-NISHI, 2-CHOME, KITA-KU OSAKA, 530-8323 JAPAN |
XLZ00214313 |
276,254,567.00 |
100.00 |
|
--------------- |
------ |
|||
|
276,254,567.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
GROUP
ASSOCIATED (C & L) SDN.BHD. |
MALAYSIA |
109719M |
1,600.00 |
21/10/2009 |
|
O.Y.L. INDUSTRIES
BHD. |
MALAYSIA |
17306W |
276,254,567.00 |
21/10/2009 |
The Subject's
interest in other companies (Subsidiaries/Associates) are shown as follow :
|
Local No |
Country |
Company |
Status |
(%) |
As At |
|
34543W |
MALAYSIA |
J & E HALL REFRIGERATION
SDN. BHD. |
- |
100.00 |
26/11/2014 |
|
129688D |
MALAYSIA |
ACSON MALAYSIA
SALES & SERVICE SDN. BHD. |
- |
100.00 |
26/11/2014 |
|
222359H |
MALAYSIA |
O.Y.L. RESEARCH
& DEVELOPMENT CENTRE SDN. BHD. |
- |
100.00 |
31/07/2015 |
|
209388K |
MALAYSIA |
O.Y.L.
TECHNOLOGY SDN. BHD. |
- |
100.00 |
14/12/2015 |
|
370237T |
MALAYSIA |
J & E HALL
(MALAYSIA) SDN. BHD. |
- |
100.00 |
26/11/2014 |
|
347391P |
MALAYSIA |
MCQUAY
(MALAYSIA) SDN. BHD. |
- |
100.00 |
26/11/2014 |
|
109719M |
MALAYSIA |
GROUP ASSOCIATED
(C & L) SDN.BHD. |
- |
100.00 |
26/11/2014 |
|
137508X |
MALAYSIA |
AMERICAN AIR
FILTER MANUFACTURING SDN. BHD. |
- |
100.00 |
03/03/2015 |
|
132332V |
MALAYSIA |
O.Y.L. STEEL
CENTRE SDN. BHD. |
- |
75.00 |
10/03/2015 |
|
168496T |
MALAYSIA |
YORK (MALAYSIA)
SALES & SERVICE SDN. BHD. |
- |
70.00 |
26/11/2014 |
|
31113U |
MALAYSIA |
YORK (MALAYSIA)
MANUFACTURING SDN. BHD. |
- |
51.00 |
11/06/2015 |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. OOI CHENG
SUAN |
|
Address |
: |
12, JALAN IBU KOTA
8, TAMAN IBU KOTA, GOMBAK, 53100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Other
Address(es) |
: |
JLN 5/60,
SEKSYEN 5 SELATAN, BUKIT GASING, PETALING JAYA SELATAN, MALAYSIA. |
|
New IC No |
: |
670213-02-5029 |
|
Date of Birth |
: |
13/02/1967 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
18/07/2013 |
DIRECTOR 2
|
Name Of Subject |
: |
YOSHIHIRO
MINENO |
|
Address |
: |
3-4-1-803,
FURUEDAI, SUITA-SHI, OSAKA 565-0874, JAPAN. |
|
Other Address(es) |
: |
NO.17-9-3, MONT
KIARA PALMA, MAJESTIC TOWER, 9TH FLOOR, JALAN KIARA, 50480 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
TK3274849 |
|
Nationality |
: |
JAPANESE |
|
Date of
Appointment |
: |
10/03/2008 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. BENNY LIOW
WOON KHIN |
|
Address |
: |
10, LEGENDA
PUTERI 3, DAMANSARA LEGENDA, 46410 PETALING JAYA, SELANGOR, MALAYSIA. |
|
Other
Address(es) |
: |
19,JLN 31/79A, KOTA
KEMUNING, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
5197971 |
|
New IC No |
: |
570318-02-5879 |
|
Date of Birth |
: |
18/03/1957 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
22/06/2009 |
DIRECTOR 4
|
Name Of Subject |
: |
MS. CHEN VOON
PING |
|
Address |
: |
27, SS23/6B,
TAMAN SEA, 47400 PETALING JAYA, SELANGOR, MALAYSIA. |
|
Other
Address(es) |
: |
JLN SS 23/6B,
SS 23, DAMANSARA UTAMA, PETALING JAYA UTARA |
|
IC / PP No |
: |
A0295788 |
|
New IC No |
: |
651225-07-5556 |
|
Date of Birth |
: |
25/12/1965 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
05/08/2015 |
DIRECTOR 5
|
Name Of Subject |
: |
CHING KHIM HUAT |
|
Address |
: |
37, JALAN HITAM
MANIS, 278451, SINGAPORE. |
|
IC / PP No |
: |
E5435411F |
|
Date of
Appointment |
: |
05/08/2015 |
DIRECTOR 6
|
Name Of Subject |
: |
FANG YUAN |
|
Address |
: |
FLAT G, 61/F, STAR
SKY, THE CULLINAN, ELEMENTS, KOWLOON, HONGKONG |
|
IC / PP No |
: |
G50673062 |
|
Date of
Appointment |
: |
23/10/2015 |
|
1) |
Name of Subject |
: |
KATSUHIKO
TAKAGI |
|
Position |
: |
DIRECTOR |
|
|
2) |
Name of Subject |
: |
RAGHAVAN |
|
Position |
: |
FINANCE MANAGER |
|
|
3) |
Name of Subject |
: |
OOI CHENG SUAN |
|
Position |
: |
CHIEF OPERATING
OFFICER |
|
|
Auditor |
: |
DELOITTE &
TOUCHE |
|
Auditor'
Address |
: |
MENARA LGB, 1
JALAN WAN KADIR, TAMAN TUN DR. ISMAIL, LEVEL 16, 60000 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
1) |
Company
Secretary |
: |
MS. NG HENG KEE |
|
IC / PP No |
: |
A0960438 |
|
|
New IC No |
: |
680205-10-6266 |
|
|
Address |
: |
83, JALAN
WAWASAN 3/1, PUSAT BANDAR PUCHONG, 47100 PUCHONG, SELANGOR, MALAYSIA. |
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
HONG LEONG BANK
BHD |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
26/01/1995 |
N/A |
BANK OF AMERICA
NT SA |
- |
Satisfied |
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 |
: |
YES |
Percentage |
: |
40% |
|
Overseas |
: |
YES |
Percentage |
: |
60% |
|
Import
Countries |
: |
ASIA,EUROPE |
|||
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 |
[ |
X |
] |
Average 61-90
Days |
[ |
] |
|||||
|
Fair 91-120
Days |
[ |
] |
Poor >120
Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
40% |
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
Percentage |
: |
60% |
|
Export Market |
: |
UNITED STATES |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
LETTER OF
CREDIT (LC) |
|||
|
Type of
Customer |
: |
AGENTS,DISTRIBUTORS |
|||
|
No of Customer |
: |
60 |
|||
OPERATIONS
|
|
Products
manufactured |
: |
|
||
|
Product Brand
Name |
: |
|
||
|
Award |
: |
1 ) SPECIAL
AWARD FOR INNOVATIVE PRODUCT BY MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY (MITI)
Year :2006 |
||
|
Member(s) /
Affiliate(s) |
: |
FEDERATION OF
MALAYSIAN MANUFACTURERS (FMM) SMALL &
MEDIUM ENTERPRISE MALAYSIA
EXTERNAL TRADE DEVELOPMENT CORPORATION (MATRADE) |
||
|
Ownership of
premises |
: |
OWNED |
||
|
Shifts |
: |
3 |
||
|
Total Number of
Employees: |
|
||||||||
|
YEAR |
2015 |
2014 |
2013 |
2012 |
2011 |
||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
2,000 |
2000 |
2000 |
1,400 |
1,400 |
||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacture of single
& multiple split air-conditioners & packaged & plant
air-conditioning equipment.
The Subject is under the OYL Industries Berhad which is engaged in the business
of heating, ventilation, air-conditioning, refrigeration and air filtration.
The Group owns several major International brand names including McQuay (
heating, ventilation and air-conditioning), American Air Filters
(air-filtration, machine intake, air pollution control), J&E Hall
(refrigeration) and Acson (our home-grown air-conditioning brand).
The Subject produces a wide range of products which includes:
1) Wall mounted/ Exposed - 6 models
2) Ceiling convertible - has three models which are A, D & C series
3) Ceiling cassette
4) Ceiling concealed - has two models namely CC & CX
5) Static blower
6) Multi split condenser
The Subject produces air-conditioners in various type of sizes and models.
We were informed that the Subject's air-conditioners mainly for homes, offices,
factories, hospitals and others.
The Subject is equipped with both automated and semi-automated machineries at
the production site.
CURRENT INVESTIGATION
|
Latest fresh investigations
carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
03-61458500, |
|
Current
Telephone Number |
: |
03-61458600 |
|
Match |
: |
NO |
|
Address
Provided by Client |
: |
LOT 60334 PERSIARAN
BUKIT RAHMAN PUTRA 3, TAMAM PERINDUSTRIAN BUKIT RAHMAN PUTRA 47000, SUNGAI
BULOH, SELANGOR DARUL EHSAN MALAYSIA. |
|
Current Address |
: |
LOT 60334,
PERSIARAN BUKIT RAHMAN PUTRA 3, TAMAN PERINDUSTRIAN BUKIT RAHMAN PUTRA, 47000
SUNGAI BULOH, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest
Financial Accounts |
: |
YES |
Other Investigations
On 30th December 2015 we contacted one of the staff from the Subject and she
provided some information.
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
2013 - 2015 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
2013 - 2015 |
] |
|
|
Return on
Shareholder Funds |
: |
Acceptable |
[ |
16.93% |
] |
|
|
Return on Net
Assets |
: |
Acceptable |
[ |
20.44% |
] |
|
|
The continuous
fall in turnover could be due to the lower demand for the Subject's products
/ services.The dip in profit could be due to the stiff market competition which
reduced the Subject's profit margin. The Subject's management had generated
acceptable return for its shareholders using its assets. |
||||||
|
Liquidity |
||||||
|
Current Ratio |
: |
Favourable |
[ |
2.83 Times |
] |
|
|
The Subject was
in good liquidity position with its current liabilities well
covered by its current assets. With its net current assets, the Subject
should be able to repay its short term obligations. |
||||||
|
Solvency |
||||||
|
Liability Ratio |
: |
Favourable |
[ |
0.45 Times |
] |
|
|
A low
liabilities ratio has minimised the Subject's financial risk. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's performance
deteriorated over the years with lower turnover and profit. The Subject was
in good liquidity position with its total current liabilities well covered by
its total current assets. With its current net assets, the Subject should be
able to repay its short term obligations. The Subject has a low liabilities
ratio. It's liabilities were low and was not vulnerable to the financial
risk. |
||||||
|
Overall financial condition of the Subject : STRONG |
||||||
|
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 |
|||||
INDUSTRY ANALYSIS
|
|
MSIC CODE |
|
|
28191 :
Manufacture of refrigerating or freezing industrial equipment |
|
|
INDUSTRY : |
MACHINERY |
|
Malaysia is
presently the leading manufacturer of automation machinery and equipment
(M&E) in the ASEAN region with a total of 22 companies in production. The
machinery and equipment industry has expanded and produce a diverse range of
machinery which give importance to the overall industrial development of the
country, due to its cross cutting linkages with all industrial sectors. |
|
|
Growth of the
domestic-oriented industries such as machinery and transportation equipment is
expected to remain favourable in 2014, in line with resilient domestic
consumption and robust private investment. However, the output of
general-purpose machinery decreased 8.8% in the first seven moths of 2014
(January - July 2013: -1.8%) due to the decline in manufacture of
air-conditioning machine (-17.9%) as well as lifting and handling equipment
(-8.2%). |
|
|
Besides,
shipments of machinery, appliances and parts continued to expand rapidly by
12.5% in the first seven months of 2014 (January - July 2013: 1.4%) with
stronger demand from Singapore, the US, China and Australia. Growth was
mainly contributed by specialized machinery for specific industries (16.3%),
particularly for civil engineering and manufacture of semiconductors as well
as general industrial machinery and equipment (9.2%) such as heating and
cooling equipment and parts as well as mechanical handling equipment and
parts. |
|
|
According to
the World Bank's Doing Business 2014 Report, Malaysia improved to 15th from
25th position in the 2014 Foreign Direct Investment Confidence Index, with
highlighted Malaysia's efforts in building its competitive position in
electronics, automotive, and machinery manufacturing to move up the value
chain into high technology and skill-intensive segments. |
|
|
The Government
has identified the M&E industry to be one of the key areas for growth and
development. The growth will focus on the manufacture of high value-added and
high technology M&E. For the further development of the M&E industry,
six strategic thrusts have been set during the Third Industrial Master Plan
(IMP3), 2006 - 2020 period:- |
|
|
- Promoting
Malaysia as a regional production, trading and distribution centre for
M&E |
|
|
- Rising the
development and promotion of selected specialized and high technology M&E |
|
|
- Strengthening
the engineering support industries and support services |
|
|
- Developing
Malaysian Standards for machinery and equipment |
|
|
- Developing
sufficient highly skilled workforce |
|
|
- Strengthening
the institutional support for the further development of the industry |
|
|
OVERALL INDUSTRY OUTLOOK : Average Growth |
|
|
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN
FINANCIAL REPORTING STANDARDS(FRS) |
|
Financial Year
End |
2015-03-31 |
2014-03-31 |
2013-03-31 |
2011-12-31 |
2010-12-31 |
|
Months |
12 |
12 |
15 |
12 |
12 |
|
Consolidated
Account |
GROUP |
GROUP |
GROUP |
GROUP |
GROUP |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
NO |
YES |
YES |
YES |
YES |
|
Financial Type |
SUMMARY |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
2,599,130,000 |
2,956,404,000 |
4,646,849,000 |
3,691,853,000 |
3,186,965,000 |
|
Other Income |
- |
45,026,000 |
73,753,000 |
42,108,000 |
49,681,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
2,599,130,000 |
3,001,430,000 |
4,720,602,000 |
3,733,961,000 |
3,236,646,000 |
|
Costs of Goods
Sold |
- |
(2,409,363,000) |
(3,641,321,000) |
(2,940,913,000) |
(2,559,238,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
- |
592,067,000 |
1,079,281,000 |
793,048,000 |
677,408,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
344,856,000 |
356,833,000 |
513,069,000 |
400,717,000 |
354,597,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
344,856,000 |
356,833,000 |
513,069,000 |
400,717,000 |
354,597,000 |
|
Taxation |
(60,899,000) |
(79,641,000) |
(114,539,000) |
(67,108,000) |
(41,766,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
283,957,000 |
277,192,000 |
398,530,000 |
333,609,000 |
312,831,000 |
|
Minority
interests |
- |
(8,147,000) |
(12,312,000) |
(7,506,000) |
(11,268,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
283,957,000 |
269,045,000 |
386,218,000 |
326,103,000 |
301,563,000 |
|
Extraordinary
items |
- |
- |
(181,519,000) |
- |
(574,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
283,957,000 |
269,045,000 |
204,699,000 |
326,103,000 |
300,989,000 |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously
reported |
1,149,175,000 |
1,710,160,000 |
1,608,370,000 |
1,286,196,000 |
994,321,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
1,149,175,000 |
1,710,160,000 |
1,608,370,000 |
1,286,196,000 |
994,321,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE
FOR APPROPRIATIONS |
1,433,132,000 |
1,979,205,000 |
1,813,069,000 |
1,612,299,000 |
1,295,310,000 |
|
TRANSFER TO
RESERVES - General |
33,635,000 |
(510,093,000) |
(6,220,000) |
(3,929,000) |
(9,114,000) |
|
DIVIDENDS -
Ordinary (paid & proposed) |
(86,283,000) |
(319,937,000) |
(96,689,000) |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
1,380,484,000 |
1,149,175,000 |
1,710,160,000 |
1,608,370,000 |
1,286,196,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Bankers'
acceptance |
- |
- |
304,000 |
479,000 |
476,000 |
|
Term loan /
Borrowing |
- |
468,000 |
220,000 |
345,000 |
507,000 |
|
Others |
- |
218,000 |
537,000 |
443,000 |
1,805,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
- |
686,000 |
1,061,000 |
1,267,000 |
2,788,000 |
|
|
- |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION
(as per notes to P&L) |
- |
48,913,000 |
63,456,000 |
60,813,000 |
60,535,000 |
|
AMORTIZATION |
- |
207,000 |
614,000 |
555,000 |
569,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
- |
49,120,000 |
64,070,000 |
61,368,000 |
61,104,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
336,897,000 |
321,718,000 |
465,011,000 |
491,079,000 |
434,681,000 |
|
Investments |
- |
52,182,000 |
43,304,000 |
42,963,000 |
55,000 |
|
Deferred assets |
- |
21,329,000 |
36,221,000 |
63,230,000 |
43,736,000 |
|
Others |
- |
13,844,000 |
22,337,000 |
25,643,000 |
29,445,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM
INVESTMENTS/OTHER ASSETS |
55,000 |
87,355,000 |
101,862,000 |
131,836,000 |
73,236,000 |
|
Goodwill on
consolidation |
- |
8,106,000 |
72,691,000 |
72,691,000 |
72,691,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
INTANGIBLE ASSETS |
- |
8,106,000 |
72,691,000 |
72,691,000 |
72,691,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM
ASSETS |
336,952,000 |
417,179,000 |
639,564,000 |
695,606,000 |
580,608,000 |
|
Stocks |
- |
395,388,000 |
534,297,000 |
611,248,000 |
582,857,000 |
|
Trade debtors |
- |
320,152,000 |
329,438,000 |
551,226,000 |
454,290,000 |
|
Other debtors,
deposits & prepayments |
- |
39,226,000 |
51,453,000 |
53,271,000 |
46,804,000 |
|
Short term deposits |
- |
490,169,000 |
689,585,000 |
474,792,000 |
534,335,000 |
|
Amount due from
related companies |
- |
120,600,000 |
183,094,000 |
118,457,000 |
104,603,000 |
|
Cash & bank
balances |
- |
288,627,000 |
457,688,000 |
468,548,000 |
294,484,000 |
|
Others |
- |
235,000 |
4,614,000 |
3,855,000 |
1,778,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT
ASSETS |
2,089,710,000 |
1,654,397,000 |
2,250,169,000 |
2,281,397,000 |
2,019,151,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
2,426,662,000 |
2,071,576,000 |
2,889,733,000 |
2,977,003,000 |
2,599,759,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
- |
276,629,000 |
439,582,000 |
405,426,000 |
515,873,000 |
|
Other creditors
& accruals |
- |
229,905,000 |
241,715,000 |
361,798,000 |
310,568,000 |
|
Short term
borrowings/Term loans |
- |
9,234,000 |
9,284,000 |
844,000 |
5,370,000 |
|
Other
borrowings |
- |
- |
8,123,000 |
59,022,000 |
15,868,000 |
|
Bill &
acceptances payable |
- |
- |
570,000 |
- |
11,414,000 |
|
Amounts owing
to related companies |
- |
36,772,000 |
58,142,000 |
48,873,000 |
50,751,000 |
|
Provision for
taxation |
- |
811,000 |
14,788,000 |
31,669,000 |
18,879,000 |
|
Other
liabilities |
- |
60,805,000 |
72,103,000 |
85,268,000 |
68,608,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT
LIABILITIES |
739,546,000 |
614,156,000 |
844,307,000 |
992,900,000 |
997,331,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT
ASSETS/(LIABILITIES) |
1,350,164,000 |
1,040,241,000 |
1,405,862,000 |
1,288,497,000 |
1,021,820,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET
ASSETS |
1,687,116,000 |
1,457,420,000 |
2,045,426,000 |
1,984,103,000 |
1,602,428,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||||
|
Ordinary share
capital |
276,254,000 |
276,254,000 |
276,254,000 |
276,254,000 |
276,254,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE
CAPITAL |
276,254,000 |
276,254,000 |
276,254,000 |
276,254,000 |
276,254,000 |
|
Exchange equalisation/fluctuation
reserve |
- |
(580,000) |
3,891,000 |
40,776,000 |
(10,767,000) |
|
General reserve |
- |
2,321,000 |
21,240,000 |
30,682,000 |
21,555,000 |
|
Retained
profit/(loss) carried forward |
1,380,484,000 |
1,149,175,000 |
1,710,160,000 |
1,608,370,000 |
1,286,196,000 |
|
Capital
redemption reserve |
- |
2,000 |
2,000 |
2,000 |
2,000 |
|
Others |
13,227,000 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
1,393,711,000 |
1,150,918,000 |
1,735,293,000 |
1,679,830,000 |
1,296,986,000 |
|
MINORITY
INTEREST |
7,226,000 |
18,710,000 |
25,503,000 |
21,882,000 |
22,680,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
1,677,191,000 |
1,445,882,000 |
2,037,050,000 |
1,977,966,000 |
1,595,920,000 |
|
Deferred
taxation |
- |
4,682,000 |
2,617,000 |
409,000 |
235,000 |
|
Retirement
benefits provision |
- |
6,856,000 |
5,759,000 |
5,728,000 |
6,273,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM
LIABILITIES |
9,925,000 |
11,538,000 |
8,376,000 |
6,137,000 |
6,508,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,687,116,000 |
1,457,420,000 |
2,045,426,000 |
1,984,103,000 |
1,602,428,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
TYPES OF FUNDS |
|||||
|
Cash |
- |
778,796,000 |
1,147,273,000 |
943,340,000 |
828,819,000 |
|
Net Liquid
Funds |
- |
778,796,000 |
1,146,703,000 |
943,340,000 |
817,405,000 |
|
Net Liquid
Assets |
1,350,164,000 |
644,853,000 |
871,565,000 |
677,249,000 |
438,963,000 |
|
Net Current
Assets/(Liabilities) |
1,350,164,000 |
1,040,241,000 |
1,405,862,000 |
1,288,497,000 |
1,021,820,000 |
|
Net Tangible
Assets |
1,687,116,000 |
1,449,314,000 |
1,972,735,000 |
1,911,412,000 |
1,529,737,000 |
|
Net Monetary
Assets |
1,340,239,000 |
633,315,000 |
863,189,000 |
671,112,000 |
432,455,000 |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before
Interest & Tax (EBIT) |
- |
357,519,000 |
514,130,000 |
401,984,000 |
357,385,000 |
|
Earnings Before
Interest, Taxes, Depreciation And Amortization (EBITDA) |
- |
406,639,000 |
578,200,000 |
463,352,000 |
418,489,000 |
|
BALANCE SHEET ITEMS |
|||||
|
Total
Borrowings |
- |
9,234,000 |
17,977,000 |
59,866,000 |
32,652,000 |
|
Total Liabilities |
749,471,000 |
625,694,000 |
852,683,000 |
999,037,000 |
1,003,839,000 |
|
Total Assets |
2,426,662,000 |
2,071,576,000 |
2,889,733,000 |
2,977,003,000 |
2,599,759,000 |
|
Net Assets |
1,687,116,000 |
1,457,420,000 |
2,045,426,000 |
1,984,103,000 |
1,602,428,000 |
|
Net Assets
Backing |
1,677,191,000 |
1,445,882,000 |
2,037,050,000 |
1,977,966,000 |
1,595,920,000 |
|
Shareholders'
Funds |
1,677,191,000 |
1,445,882,000 |
2,037,050,000 |
1,977,966,000 |
1,595,920,000 |
|
Total Share
Capital |
276,254,000 |
276,254,000 |
276,254,000 |
276,254,000 |
276,254,000 |
|
Total Reserves |
1,393,711,000 |
1,150,918,000 |
1,735,293,000 |
1,679,830,000 |
1,296,986,000 |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
- |
1.27 |
1.36 |
0.95 |
0.83 |
|
Liquid Ratio |
- |
2.05 |
2.03 |
1.68 |
1.44 |
|
Current Ratio |
2.83 |
2.69 |
2.67 |
2.30 |
2.02 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
- |
49 |
42 |
60 |
67 |
|
Debtors Ratio |
- |
40 |
26 |
54 |
52 |
|
Creditors Ratio |
- |
42 |
44 |
50 |
74 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
- |
0.01 |
0.01 |
0.03 |
0.02 |
|
Liabilities
Ratio |
0.45 |
0.43 |
0.42 |
0.51 |
0.63 |
|
Times Interest
Earned Ratio |
- |
521.16 |
484.57 |
317.27 |
128.19 |
|
Assets Backing
Ratio |
6.11 |
5.25 |
7.14 |
6.92 |
5.54 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating
Profit Margin |
13.27 |
12.07 |
11.04 |
10.85 |
11.13 |
|
Net Profit
Margin |
10.93 |
9.10 |
8.31 |
8.83 |
9.46 |
|
Return On Net
Assets |
20.44 |
24.53 |
25.14 |
20.26 |
22.30 |
|
Return On
Capital Employed |
20.35 |
24.09 |
23.98 |
19.34 |
21.05 |
|
Return On
Shareholders' Funds/Equity |
16.93 |
18.61 |
18.96 |
16.49 |
18.90 |
|
Dividend Pay
Out Ratio (Times) |
0.30 |
1.19 |
0.25 |
0 |
0 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
- |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.98.55 |
|
Euro |
1 |
Rs.72.60 |
|
MYR |
1 |
Rs.15.39 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.