|
Report No. : |
355448 |
|
Report Date : |
31.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
GRV LOGISTICS
(M) SDN. BHD. |
|
|
|
|
Registered Office : |
A4-9-911, Bali
Commerce Square, 9, Jalan Pjs 8/9, 46150 Petaling Jaya, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
18.02.2013 |
|
|
|
|
Com. Reg. No.: |
1035105-W |
|
|
|
|
Legal Form : |
Private Limited
(Limited By Share) |
|
|
|
|
Line of Business : |
Provide facilities
and logistic services, bonded warehouse, general trading |
|
|
|
|
No. of Employee : |
Not Available |
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. |
: |
1035105-W |
|
COMPANY NAME |
: |
GRV LOGISTICS (M) SDN. BHD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
18/02/2013 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
|
LISTED STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
A4-9-911, BALI COMMERCE SQUARE, 9, JALAN
PJS 8/9, 46150 PETALING JAYA, SELANGOR, MALAYSIA. |
|
BUSINESS
ADDRESS |
: |
N/A |
|
TEL.NO. |
: |
N/A |
|
FAX.NO. |
: |
N/A |
|
CONTACT PERSON |
: |
N/A |
|
INDUSTRY CODE |
: |
52299 |
|
PRINCIPAL
ACTIVITY |
: |
TO PROVIDE FACILITIES AND LOGISTIC
SERVICES, BONDED WAREHOUSE, GENERAL TRADING |
|
AUTHORISED
CAPITAL |
: |
MYR 500,000.00 DIVIDED INTO |
|
ISSUED AND PAID
UP CAPITAL |
: |
MYR 250,000.00 DIVIDED INTO |
|
SALES |
: |
N/A |
|
NET WORTH |
: |
N/A |
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER CHECK |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
N/A |
|
PAYMENT |
: |
UNKNOWN |
|
MANAGEMENT
CAPABILITY |
: |
N/A |
|
COMMERCIAL RISK |
: |
N/A |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
GENERAL
REPUTATION |
: |
N/A |
|
INDUSTRY
OUTLOOK |
: |
MARGINAL 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) to provide facilities and logistic
services, bonded warehouse, general trading.
The Subject is
not listed on Bursa Malaysia (Malaysia Stock Exchange).
Share Capital
History
|
Date |
Authorised
Shared Capital |
Issue &
Paid Up Capital |
|
01/04/2013 |
MYR 500,000.00 |
MYR 250,000.00 |
The major
shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. GUNASILEN
A/L KRISNANMURTY + |
108, JALAN
SELAMPIT 26, KAWASAN 3, TAMAN KLANG JAYA, 41200 KLANG, SELANGOR, MALAYSIA. |
860502-43-5371 |
175,000.00 |
70.00 |
|
MR.
KRISNANMURTY A/L SOMASUNDARAM + |
108, JALAN
26/3, KAWASAN 3, TAMAN KLANG JAYA, 41200 KLANG, SELANGOR, MALAYSIA. |
540405-10-5263 8201811 |
75,000.00 |
30.00 |
|
--------------- |
------ |
|||
|
250,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR.
KRISNANMURTY A/L SOMASUNDARAM |
|
Address |
: |
108, JALAN 26/3,
KAWASAN 3, TAMAN KLANG JAYA, 41200 KLANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
8201811 |
|
New IC No |
: |
540405-10-5263 |
|
Date of Birth |
: |
05/04/1954 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
18/02/2013 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. GUNASILEN
A/L KRISNANMURTY |
|
Address |
: |
108, JALAN
SELAMPIT 26, KAWASAN 3, TAMAN KLANG JAYA, 41200 KLANG, SELANGOR, MALAYSIA. |
|
New IC No |
: |
860502-43-5371 |
|
Date of Birth |
: |
02/05/1986 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
18/02/2013 |
MANAGEMENT
|
No data found in our databank.
AUDITOR
|
No Auditor found in our databank
COMPANY
SECRETARIES
|
|
1) |
Company
Secretary |
: |
MR. MISNIZAM
BIN GUSNI |
|
New IC No |
: |
790228-10-5431 |
|
|
Address |
: |
LOT 3261, BATU
4, JALAN KAPAR, 42100 KLANG, SELANGOR, MALAYSIA. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank againt the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
DEFAULTER
CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT
RECORD
|
|
||
|
SOURCES OF RAW
MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
CLIENTELE
|
No data found in our databank.
OPERATIONS
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) to provide facilities
and logistic services, bonded warehouse, general trading.
CURRENT
INVESTIGATION
|
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone Number
Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
N/A |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
N/A |
|
Current Address |
: |
N/A |
|
Match |
: |
N/A |
|
Latest
Financial Accounts |
: |
NO |
|
|
||
Other Investigations
We were unable to contact the Subject and its Directors.
On 30th December 2015 we contacted the Subject's Company Secretary but they do
not have information on the Subject's contact or business address. They
communicate via email with the Subject but refused to disclose the email
address to us.
We found contact number for the Subject at 3165 1712 but it is invalid.
We also found mobile number for the Subject at (016) 3532 414 but it is not
answered.
GLOBAL LOGISTIC SOLUTIONS is not the former name of the Subject.
FINANCIAL
ANALYSIS
|
|
No latest
financial accounts are available at the Registry Office, thus we are not able
to comment on the Subject's financial performance. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
MALAYSIA
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic
Indicators: |
2011 |
2012 |
2013 |
2014* |
2015** |
|
Population (
Million) |
28.7 |
29.3 |
29.8 |
30.0 |
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 |
|
|
52299 : Other
transportation support activities n.e.c. |
|
|
INDUSTRY : |
TRANSPORTATION |
|
In 2015, the
transport and storage subsector is expected to growth by 4.7% due to the
implementation of Government Transformation Programme (GTP) and the Economic
Transformation Programme (ETP). On the other hand, for 2014, due to resilient
domestic economic activity and improving global trade, the transport and
storage subsector is expected to grow 5%. |
|
|
Moreover, the
land transport segment continued to record positive growth of 6.2% during the
first half of 2014 supported by higher freight transported by road in line
with improvement in trade-related activity. The opening of Penang Second
Bridge in March 2014 saw a healthy number of vehicles using it to avoid
traffic congestion. However, the increase in passenger volume for bus
services was only 1.9% over the first six months in 2014 (January - July
2013: 6%). |
|
|
Meanwhile,
total rail ridership in the Klang Valley increased 5.9% passengers due to
improved service efficiency and increased frequencies. The 2.14KM extension
of Express Rail Link (ERL) from KLIA to KLIA2 will also increase rail
ridership. However, KTM Intercity Service contracted 18% because of the fewer
number of coaches in operation due to maintenance issues. Other than that, The
Electric Train Service (ETS) ridership on the Kuala Lumpur - Ipoh route
increased 11.7% supported by higher demand. |
|
|
During the
first half in 2014, the air transport segment expanded 4.9% supported by
higher tourist arrivals and domestic passengers amid continuous promotion of
travel packages with competitive fares by airlines. The air passenger segment
continued to record positive with total passenger traffic at airports
nationwide increasing 10.3% during the first seven moths of 2014. |
|
|
According to
Budget 2015, to improve the public transport system, the Government will
introduce the programmes included providing intercity bus services to those
residing outside Kuala Lumpur (KL) but work in KL, provide Electric Train
Service (ETS) for Ipoh-Butterworth route starting April 2015, and upgrade
stage bus services in several states (Kuching, Ipoh, Seremban, Kuala
Terengganu and Kangar) through a contracting system with existing bus
companies. The budget 2015 for transportation sector includes RM9 billion
development allocation for a LRT extension project from Bandar Utama to Shah
Alam and Klang, and RM23 billion for a second MRT line from Selayang to
Putrajaya. Government also will allocate RM5.3 billion for the construction
of Sungai Besi - Ulu Klang Expressway (SUKE), RM5 billion for West Coast
Expressway from Taiping to Banting, RM4.2 billion for construction of
Damansara - Shah Alam Highway (DASH), and RM1.6 billion for construction of
Eastern Klang Valley Expressway (EKVE). |
|
|
Additionally,
improving urban public transport (UPT) is one of the National Key Result
Areas (NKRAs) under the Government Transformation Programme (GTP). The aim is
to improve the overall availability and efficiency of UPT, including
enhancing connectivity, providing an integrated system and ensuring adequate
facilities. Because of the improvement to UPT in the Klang Valley, the public
transport modal share has increased from 17% in 2010 to 21% in 2013. The
programme covers improvement for Bus Services (RapidKL, Bus Expressway
Transit (BET), Bus Rapid Transit (BRT), bus stops), Rail System (KTM, LRT, KL
Monorail, Express Rail Link (ERL), MRT, Park n' Ride), and Taxi Services. |
|
|
The Klang Valley
Mass Transit Project (KVMRT) is one of the improvements to do for UPT and it
may boost the growth of transportation sector. The Sungai Buloh - Kajang
(SBK) line has started construction in 2012. The first phase of SBK Line from
Sungai Buloh to Semantan will be operational on 31 December 2016, while the
second phase from Semantan to Kajang will be operational on 31 July 2017. |
|
|
Furthermore,
the Bus Rapid Transit (BRT) aims to create a dedicated bus right-of-way at
main corridors and is a specialized form of bus priority services to meet the
high level of passenger demand by incorporating aspects of mass transit. One
of the BRT corridors is the Kuala Lumpur - Klang corridor, covering a
distance of 34KM, and will pass through Federal Highway, Jalan Syed Putra,
and Jalan Tun Sambanthan. The KL-Klang BRT is estimated to save more than one
hour of daily travelling time for 600,000 passengers, and is expected to be
completed in 2017. |
|
|
In order to
improve taxi services, the Centralized Taxi Services System (CTSS) will be
launched in 2015. It is a technology infrastructure to monitor taxi services.
It integrates and enhances the existing booking system. It is targeted to
raise the success rate of meeting passenger bookings. Besides, a new business
model for taxis has been introduced to increase the take-home income for taxi
drivers by reducing their operating cost. Under the Taxi 1Malaysia project,
licenses will be offered to individual drivers. The Land Public Transport
Commission (SPAD) has launched a fleet of new taxis known as Teksi 1Malaysia
(TEKS1M). Through the TEKS1M initiative, 1,000 new Proton Exora will be
deployed in 2014. |
|
|
OVERALL
INDUSTRY OUTLOOK : Marginal Growth |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
FINANCIAL
ACCOUNT
|
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.98.55 |
|
Euro |
1 |
Rs.72.60 |
|
MYR |
1 |
Rs.15.45 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
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.