|
Report No. : |
307369 |
|
Report Date : |
11.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENG SHENG SDN. BHD. |
|
|
|
|
Registered Office : |
The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, Level 18, 59200 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
28.08.1982 |
|
|
|
|
Com. Reg. No.: |
89290-D |
|
|
|
|
Legal Form : |
Exempt Private (Limited by Share) |
|
|
|
|
Line of Business : |
Trading in Sundry and Food Products. |
|
|
|
|
No. of Employees : |
120 [2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MALAYSIA - ECONOMIC
OVERVIEW
Malaysia, a middle-income
country, has transformed itself since the 1970s from a producer of raw
materials into an emerging multi-sector economy. Under current Prime Minister
NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move
farther up the value-added production chain by attracting investments in
Islamic finance, high technology industries, biotechnology, and services.
NAJIB's Economic Transformation Program (ETP) is a series of projects and policy
measures intended to accelerate the country's economic growth. The government
has also taken steps to liberalize some services sub-sectors. The NAJIB
administration also is continuing efforts to boost domestic demand and reduce
the economy's dependence on exports. Nevertheless, exports - particularly of
electronics, oil and gas, palm oil and rubber - remain a significant driver of
the economy. As an oil and gas exporter, Malaysia has 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. The government is also trying to lessen its dependence on state
oil producer Petronas. The oil and gas sector supplies about 32% of government
revenue in 2013. Bank Negara Malaysia (central bank) maintains healthy foreign
exchange reserves, and a well-developed regulatory regime has limited
Malaysia's exposure to riskier financial instruments and the global financial
crisis. Nevertheless, Malaysia could be vulnerable to a fall in commodity
prices or a general slowdown in global economic activity because exports are a
major component of GDP. In order to attract increased investment, NAJIB earlier
raised possible revisions to the special economic and social preferences
accorded to ethnic Malays under the New Economic Policy of 1970, but retreated
in 2013 after he encountered significant opposition from Malay nationalists and
other vested interests. In September 2013 NAJIB launched the new Bumiputra
Economic Empowerment Program (BEEP), policies that favor and advance the
economic condition of ethnic Malays.
|
Source
: CIA |
|
REGISTRATION NO. |
: |
89290-D |
||||
|
COMPANY NAME |
: |
ENG SHENG SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
28/08/1982 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
THE GARDENS NORTH TOWER, MID VALLEY CITY, LINGKARAN SYED PUTRA, LEVEL
18, 59200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LOT 11, PERSIARAN SABAK BERNAM, SECTION 26 (HICOM), 40400 SHAH ALAM,
SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-51926688 |
||||
|
FAX.NO. |
: |
03-51922576 |
||||
|
EMAIL |
: |
INQURIES@ENGSHENG.COM |
||||
|
WEB SITE |
: |
WWW.ENGSHENG.COM |
||||
|
CONTACT PERSON |
: |
KHOR KENG HUAT ( MANAGING DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
46329 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING IN SUNDRY AND FOOD PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 10,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 6,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
120 [2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
||||
The Subject is an exempt private company which is allowed to have a minimum
of two and a maximum of twenty shareholders and all the shareholders must be
individuals. An exempt company is a type of private limited company. As a
private limited company, the Subject must have at least two directors. A
private limited company is a separate legal entity from its shareholders. As a
separate legal entity, the Subject is capable of owning assets, entering into
contracts, suing or be sued by other companies. The Subject is governed by the
Companies Act, 1965 and must file in its annual return. The Subject need not
file in its financial statements but it has to file in a document duly signed
by its director in charge of its finance, the secretary and its auditor stating
that the Subject is able to meet all its obligations as and when they fall due.
Although the Subject is not required to file in its financial statements, it
also has to prepare its financial account which must be presented at the Annual
General Meeting.
The Subject is principally engaged in the (as a / as an) trading in
sundry and food products.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
15/02/2013 |
MYR 10,000,000.00 |
MYR 6,000,000.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. KHOR KEAN HOCK + |
2A,JALAN PJU 3/17B, TROPICANA INDAH RESORT HOMES, 47810 PETALING JAYA,
SELANGOR, MALAYSIA. |
700512-10-6309 A1508682 |
2,850,000.00 |
47.50 |
|
MR. KHOR KENG HUAT + |
139A,JALAN ATINAHAPAN 2, TAMAN TUN DR.ISMAIL, 60000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
620116-08-5325 |
1,350,000.00 |
22.50 |
|
MR. KHOR KIAN HIN |
31, JALAN PJU 3/12C, TROPICANA INDAH RESORT HOMES, 47810 PETALING
JAYA, SELANGOR, MALAYSIA. |
730628-14-5059 A2484475 |
1,350,000.00 |
22.50 |
|
MR. KHOR KIAN HOE |
63,JALAN TR2/2, TROPICANA GOLF & RESORT HOMES, 47410 PETALING
JAYA, SELANGOR, MALAYSIA. |
771011-14-5543 A3768939 |
225,000.00 |
3.75 |
|
MR. KHOR KEAN GUAN |
69, JALAN TR 2/3, TROPICANA GOLF & RESORT HOMES, 47410 PETALING
JAYA, SELANGOR, MALAYSIA. |
790503-14-5383 |
225,000.00 |
3.75 |
|
--------------- |
------ |
|||
|
6,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MR. KHOR KENG HUAT |
|
Address |
: |
139A,JALAN ATINAHAPAN 2, TAMAN TUN DR.ISMAIL, 60000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
620116-08-5325 |
|
Date of Birth |
: |
16/01/1962 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
23/10/1989 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. KHOR KEAN HOCK |
|
Address |
: |
2A,JALAN PJU 3/17B, TROPICANA INDAH RESORT HOMES, 47810 PETALING JAYA,
SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A1508682 |
|
New IC No |
: |
700512-10-6309 |
|
Date of Birth |
: |
12/05/1970 |
|
Nationality |
: |
MALAYSIAN CHINESE |
|
Date of Appointment |
: |
15/07/1999 |
|
1) |
Name of Subject |
: |
KHOR KENG HUAT |
|
Position |
: |
MANAGING DIRECTOR |
|
Auditor |
: |
L.H..LEE & CO. |
|
Auditor' Address |
: |
RM 301, 368, JALAN PUDU, 3RD FLR, KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
1) |
Company Secretary |
: |
MS. WONG WAI FOONG |
|
New IC No |
: |
660510-10-6838 |
|
|
Address |
: |
1164, JALAN 17/64, HAPPY GARDEN, 46400 PETALING JAYA, SELANGOR,
MALAYSIA. |
|
|
2) |
Company Secretary |
: |
MS. WONG PEIR CHYUN |
|
IC / PP No |
: |
A1935519 |
|
|
New IC No |
: |
710824-10-5806 |
|
|
Address |
: |
15, SOLOK NONA, OFF JALAN MERU, 41050 KLANG, SELANGOR, MALAYSIA. |
|
|
3) |
Company Secretary |
: |
MR. HENG CHIANG POOH |
|
IC / PP No |
: |
5704603 |
|
|
New IC No |
: |
590426-06-5083 |
|
|
Address |
: |
506, BLOCK D2, SECTION 2 WANGSA MAJU, 53300 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
Banking relations are maintained principally with:
|
1) |
Name |
: |
MALAYAN BANKING BHD |
|
2) |
Name |
: |
OCBC BANK (MALAYSIA) BHD |
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
08/08/1984 |
N/A |
KWONG YIK BANK BHD |
MYR 1,000,000.00 |
Satisfied |
|
2 |
07/02/1985 |
N/A |
KWONG YIK BANK BHD |
MYR 1,500,000.00 |
Satisfied |
|
3 |
23/04/1985 |
N/A |
UNITED MALAYAN BANKING CORPBHD |
MYR 400,000.00 |
Satisfied |
|
4 |
23/04/1985 |
N/A |
UNITED MALAYAN BANKING CORPBHD |
MYR 600,000.00 |
Satisfied |
|
5 |
07/03/1986 |
N/A |
PUBLIC BANK BHD |
MYR 1,300,000.00 |
Satisfied |
|
6 |
08/12/1986 |
N/A |
KWONG YIK BANK BHD |
- |
Satisfied |
|
7 |
09/03/1989 |
N/A |
UNITED MALAYAN BANKING BERHAD |
MYR 500,000.00 |
Satisfied |
|
8 |
16/02/1990 |
N/A |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 1,100,000.00 |
Satisfied |
|
9 |
16/02/1990 |
N/A |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 300,000.00 |
Satisfied |
|
10 |
14/06/1991 |
N/A |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 3,250,000.00 |
Satisfied |
|
11 |
14/06/1991 |
N/A |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 2,150,000.00 |
Satisfied |
|
12 |
14/06/1991 |
N/A |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 1.00 |
Satisfied |
|
13 |
10/12/1991 |
N/A |
PERWIRA HABIB BANK MALAYSIA BHD |
MYR 1,400,000.00 |
Satisfied |
|
14 |
10/12/1991 |
N/A |
PERWIRA HABIB BANK MALAYSIA BHD |
MYR 300,000.00 |
Satisfied |
|
15 |
25/05/1992 |
N/A |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 740,000.00 |
Satisfied |
|
16 |
25/05/1992 |
N/A |
UNITED OVERSEAS BANK MALAYSIA BHD |
MYR 740,000.00 |
Satisfied |
|
17 |
05/10/1994 |
N/A |
PERWIRA AFFIN BANK BERHAD |
MYR 8,800,000.00 |
Satisfied |
|
18 |
06/11/1997 |
N/A |
PERWIRA AFFIN BANK BERHAD |
MYR 4,900,000.00 |
Satisfied |
|
19 |
06/11/1997 |
N/A |
PERWIRA AFFIN BANK BERHAD |
MYR 4,900,000.00 |
Satisfied |
|
20 |
22/01/1998 |
N/A |
THE PACIFIC BANK BERHAD |
MYR 10,000,000.00 |
Unsatisfied |
|
21 |
12/01/1999 |
N/A |
PERWIRA AFFIN BANK BERHAD |
MYR 13,700,000.00 |
Satisfied |
|
22 |
30/08/1999 |
N/A |
PERWIRA AFFIN BANK BERHAD |
MYR 13,970,000.00 |
Satisfied |
|
23 |
30/08/1999 |
N/A |
PERWIRA AFFIN BANK BERHAD |
MYR 1,770,000.00 |
Satisfied |
|
24 |
30/08/1999 |
N/A |
PERWIRA AFFIN BANK BERHAD |
MYR 1,770,000.00 |
Satisfied |
|
25 |
07/03/2003 |
N/A |
AFFIN BANK BERHAD |
MYR 8,300,000.00 |
Satisfied |
|
26 |
03/09/2003 |
N/A |
MALAYAN BANKING BERHAD |
MYR 15,020,000.00 |
Unsatisfied |
|
27 |
17/09/2007 |
OPEN CHARGE |
MALAYAN BANKING BHD |
MYR 10,000,000.00 |
Unsatisfied |
|
28 |
18/12/2007 |
OPEN CHARGE |
OCBC BANK (MALAYSIA) BHD |
- |
Unsatisfied |
|
29 |
25/02/2010 |
OPEN CHARGE |
OCBC BANK (MALAYSIA) BHD |
- |
Unsatisfied |
* A check has been conducted in our databank againt the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of the
wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
|
Import Countries |
: |
CHINA,INDIA |
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
INDONESIA |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Type of Customer |
: |
RETAIL,SUPERMARKETS |
|||
|
Goods Traded |
: |
SUNDRY AND FOOD PRODUCTS |
||||
|
Competitor(s) |
: |
AURIC CHUN YIP SDN BHD |
||||
|
Member(s) / Affiliate(s) |
: |
SMI ASSOCIATION OF MALAYSIA MALAYSIA EXTERNAL TRADE DEVELOPMENT
CORPORATION (MATRADE) MALAYSIA FOOD & BEVERAGE INDUSTRY |
||||
|
Ownership of premises |
: |
OWNED |
||||
|
Factory / Premises |
: |
GRANDMET INDUSTRIAL ESTATE, SUBLOT 15, LOT
7520, BLOCK 32, KEMENA LAND DISTRICT BATU 5,, 97000 BINTULU, SARAWAK,
MALAYSIA. |
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2015 |
2014 |
2013 |
2012 |
2011 |
2010 |
|||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
|||
|
COMPANY |
120 |
100 |
100 |
100 |
120 |
120 |
|||
|
Branch |
: |
YES |
Other Information:
The Subject is principally engaged in the (as a / as an) trading in sundry and
food products.
The Subject sells a wide range of sundry goods including onions, garlics,
potatoes, canned foods, dried chilies, beans and others.
The Subject also undertakes packing based on the quantity required by its
customers.
Besides that the Subject has modern cold room facilities located at the both
premises.
According to the Subject, it provides delivery services to the customers' door
step.
The Subject also sells canned food such as Sardine, mix fruits, dry food and
others.
The Subject sells its products both in loose and large quantities.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-51926688 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
LOT 11, PERSIARAN SABAK BERNAM, SECTION 26 (HICOM),40400,SHAH
ALAM,SELANGOR. |
|
Current Address |
: |
LOT 11, PERSIARAN SABAK BERNAM, SECTION 26 (HICOM), 40400 SHAH ALAM,
SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
NO |
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
|
The Subject is a private exempt company which does not need to file in
its accounts with the Registrar of Companies for the information of the public.
Therefore, we are not able to comment on the Subject's financial performance. |
||||||
|
Overall financial condition of the Subject : N/A |
||||||
|
Major Economic Indicators: |
2011 |
2012 |
2013 |
2014* |
2015** |
|
Population ( Million) |
28.7 |
29.3 |
29.8 |
30.3 |
30.5 |
|
Gross Domestic Products ( % ) |
5.1 |
5.6 |
5.3 |
6.0 |
6.0 |
|
Domestic Demand ( % ) |
8.2 |
9.4 |
5.6 |
6.4 |
6.2 |
|
Private Expenditure ( % ) |
8.2 |
8.0 |
8.6 |
7.9 |
6.9 |
|
Consumption ( % ) |
7.1 |
1.0 |
5.7 |
6.5 |
5.6 |
|
Investment ( % ) |
12.2 |
11.7 |
13.3 |
12.0 |
10.7 |
|
Public Expenditure ( % ) |
8.4 |
13.3 |
4.4 |
2.3 |
4.2 |
|
Consumption ( % ) |
16.1 |
11.3 |
(1.2) |
2.1 |
3.8 |
|
Investment ( % ) |
(0.3) |
15.9 |
4.2 |
2.6 |
4.7 |
|
Balance of Trade ( MYR Million ) |
116,058 |
106,300 |
71,298 |
52,314 |
- |
|
Government Finance ( MYR Million ) |
(45,511) |
(42,297) |
(39,993) |
(37,291) |
- |
|
Government Finance to GDP / Fiscal Deficit ( % ) |
(5.4) |
(4.5) |
(4.0) |
(3.5) |
(3.0) |
|
Inflation ( % Change in Composite CPI) |
3.1 |
1.6 |
2.5 |
3.3 |
4.0 |
|
Unemployment Rate |
3.3 |
3.2 |
3.0 |
3.0 |
3.0 |
|
Net International Reserves ( MYR Billion ) |
415 |
427 |
- |
417 |
- |
|
Average Risk-Weighted Capital Adequacy Ratio ( % ) |
3.50 |
2.20 |
- |
- |
- |
|
Average 3 Months of Non-performing Loans ( % ) |
14.80 |
14.70 |
- |
- |
- |
|
Average Base Lending Rate ( % ) |
6.60 |
6.53 |
6.53 |
- |
- |
|
Business Loans Disbursed( % ) |
15.3 |
32.2 |
- |
- |
- |
|
Foreign Investment ( MYR Million ) |
23,546.1 |
26,230.4 |
38,238.0 |
- |
- |
|
Consumer Loans ( % ) |
- |
- |
- |
- |
- |
|
Registration of New Companies ( No. ) |
45,455 |
45,441 |
46,321 |
- |
- |
|
Registration of New Companies ( % ) |
3.0 |
(0.0) |
1.9 |
- |
- |
|
Liquidation of Companies ( No. ) |
132,485 |
17,092 |
26,430 |
- |
- |
|
Liquidation of Companies ( % ) |
417.8 |
(87.1) |
54.6 |
- |
- |
|
Registration of New Business ( No. ) |
284,598 |
324,761 |
329,895 |
- |
- |
|
Registration of New Business ( % ) |
5.0 |
14.0 |
2.0 |
- |
- |
|
Business Dissolved ( No. ) |
20,121 |
20,380 |
18,161 |
- |
- |
|
Business Dissolved ( % ) |
1.9 |
1.3 |
(10.9) |
- |
- |
|
Sales of New Passenger Cars (' 000 Unit ) |
535.1 |
552.2 |
576.7 |
598.4 |
610.3 |
|
Cellular Phone Subscribers ( Million ) |
35.3 |
38.5 |
43.0 |
43.8 |
- |
|
Tourist Arrival ( Million Persons ) |
24.7 |
25.0 |
25.7 |
28.0 |
- |
|
Hotel Occupancy Rate ( % ) |
60.6 |
62.4 |
62.6 |
- |
- |
|
Credit Cards Spending ( % ) |
15.6 |
12.6 |
- |
- |
- |
|
Bad Cheque Offenders (No.) |
32,627 |
26,982 |
28,876 |
- |
- |
|
Individual Bankruptcy ( No.) |
19,167 |
19,575 |
21,984 |
- |
- |
|
Individual Bankruptcy ( % ) |
5.8 |
2.1 |
12.3 |
- |
- |
|
INDUSTRIES ( % of Growth ): |
2011 |
2012 |
2013 |
2014* |
2015** |
|
Agriculture |
5.8 |
1.0 |
2.1 |
3.8 |
3.1 |
|
Palm Oil |
10.8 |
(0.3) |
2.6 |
6.7 |
- |
|
Rubber |
6.1 |
(7.9) |
(10.1) |
(10.4) |
- |
|
Forestry & Logging |
(7.6) |
(4.5) |
(7.8) |
(4.2) |
- |
|
Fishing |
2.1 |
4.3 |
1.6 |
2.7 |
- |
|
Other Agriculture |
7.1 |
6.4 |
8.2 |
6.2 |
- |
|
Industry Non-Performing Loans ( MYR Million ) |
634.1 |
- |
- |
- |
- |
|
% of Industry Non-Performing Loans |
3.2 |
- |
- |
- |
- |
|
Mining |
(5.4) |
1.4 |
0.9 |
(0.8) |
2.8 |
|
Oil & Gas |
(1.7) |
- |
- |
- |
- |
|
Other Mining |
- |
- |
- |
- |
- |
|
Industry Non-performing Loans ( MYR Million ) |
46.5 |
- |
- |
- |
- |
|
% of Industry Non-performing Loans |
0.1 |
- |
- |
- |
- |
|
Manufacturing # |
4.7 |
4.8 |
3.4 |
6.6 |
5.5 |
|
Exported-oriented Industries |
4.1 |
6.5 |
3.3 |
5.6 |
- |
|
Electrical & Electronics |
(4.0) |
12.7 |
6.9 |
13.3 |
- |
|
Rubber Products |
20.7 |
3.0 |
11.7 |
(0.3) |
- |
|
Wood Products |
(5.1) |
8.7 |
(2.7) |
5.1 |
- |
|
Textiles & Apparel |
13.2 |
(7.1) |
(2.6) |
11.5 |
- |
|
Domestic-oriented Industries |
10.7 |
1.7 |
6.8 |
9.4 |
- |
|
Food, Beverages & Tobacco |
4.80 |
2.70 |
3.60 |
6.13 |
6.13 |
|
Chemical & Chemical Products |
10.0 |
10.8 |
5.6 |
- |
- |
|
Plastic Products |
3.8 |
- |
- |
- |
- |
|
Iron & Steel |
2.2 |
(6.6) |
5.0 |
0.1 |
- |
|
Fabricated Metal Products |
21.8 |
13.8 |
9.9 |
2.9 |
- |
|
Non-metallic Mineral |
12.1 |
2.9 |
(2.0) |
5.4 |
- |
|
Transport Equipment |
12.0 |
3.4 |
13.8 |
22.9 |
- |
|
Paper & Paper Products |
9.5 |
3.1 |
1.8 |
4.7 |
- |
|
Crude Oil Refineries |
9.3 |
- |
- |
- |
- |
|
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 |
|
|
46329 : Wholesale of other foodstuffs |
|
|
INDUSTRY : |
TRADING |
|
The wholesale and retail trade is expected to increase 7.1% in 2015 (2014:
7.7%) driven by strong domestic consumption and higher tourist arrivals
following the Malaysia Year of Festivals 2015. Besides, in 2014, the
wholesale and retail trade subsector is expected to increase 7.7% (2013:
6.4%) supported by strong domestic consumption. |
|
|
According to Retail Group Malaysia (RGM), the pharmacy and personal
care sub-sector had slow growth rate of 2.6% for the first quarter of 2014,
while "other specialty stores" grew at a rate of 3.5%. During the
first quarter of 2014, fashion and fashion accessories recorded a sustainable
growth of 6.3% as compared with the same period last year (3.6%). |
|
|
The retail segment increased 10.1% (January - June 2013: 7.1%) attributed
to brisk sales in retail outlets such as hypermarkets and large-scale
superstores. Since the launch of the Small Retailer Transformation programme
(TUKAR) in January 2011 up to end-July 2014, 1,761 small retailer stores
(end-July 2013: 1,381) have been modernized to improve their competitiveness.
In addition, the strong growth of the retail segment was supported by
1Malaysia Unified Sales held from 29 June 2014 to 1 September 2014 to attract
foreign and local tourists to shop in Malaysia. Meanwhile, the wholesale
segment expanded 8.2% (January - June 2013: 4.9%) due to higher sales of
non-agricultural intermediate products, such as petrol, diesel, lubricants
and household goods. Furthermore, food and beverage outlets, laundry outlets,
car wash centres, abd health and beauty outlets took a hit from the water
rationing in the Klang Valley since February this year. |
|
|
On the other hand, in 2014, Malaysia's total trade is expected to grow
5.2% to RM1.44 trillion (2013: 4.5%; RM1.37 trillion) underpinned by recovery
in key advanced economies, resilient regional demand, and partly due to the
base effect arising from sluggish exports in the corresponding period last
year. Gross exports are anticipated to expand 6% to RM762.8 billion while
import decreased 4.3% to RM677.2 billion (2013: 2.4%; RM719.8 billion; 7%; RM
649.1 billion). Consequently, the trade surplus is expected to be higher at
RM85.6 billion or 7.9% of GDP in 2014 (2013: RM70.7 billion; 7.2%). |
|
|
Furthermore, gross exports rebounded by 10.7% to RM441.3 billion
during the first seven months of 2014 (January - July 2013: -2.8%; RM398.5
billion), with manufactured and mining exports rising at a double digit pace
of 11.4% and 12.5%. Shipment of agriculture products grew at a slower pace of
2.7%, primarily due to lower receipts of crude rubber (-24.6%) while export
growth of other commodities remained steady. Consequently, exports of
manufactured and mining products are expected to grow 6.1% and 6.4% in 2014
(2013: 5.1%; 3.3%). Meanwhile, agriculture exports are expected to rebound
sharply by 4.5% in 2014 (2013: -14.4%) despite moderating commodity prices.
Malaysia's top 3 trading partners are China, Singapore, and Japan. |
|
|
Over 60% of Gross Domestic Product (GDP) is contributed by domestic
consumption. Therefore the wholesale and retail sector plays a crucial role
in driving Malaysia's growth over the next decade despite the ongoing global
economic slowdown. By 2020, Malaysia's wholesale and retail sector is
expected to boost the country's total Gross National Income (GNI) by RM156
billion, creating 454,190 new jobs. |
|
|
OVERALL INDUSTRY OUTLOOK : Average Growth |
|
|
Incorporated in 1982, the Subject is an Exempt Private company,
focusing on trading in sundry and food products. The Subject has been in
business for over two decades. It has built up a strong clientele base and
satisfactory reputation will enable the Subject to further enhance its
business in the near term. The Subject is expected to enjoy a stable
market shares. A paid up capital of MYR 6,000,000 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.
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN
FINANCIAL REPORTING STANDARDS(FRS) |
|
ENG SHENG SDN. BHD. |
|
Financial Year End |
1994-12-31 |
1993-12-31 |
1992-12-31 |
|
Months |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
NO |
YES |
YES |
|
Financial Type |
SUMMARY |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
MYR |
|
TURNOVER |
54,892,358 |
56,123,241 |
58,571,949 |
|
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
54,892,358 |
56,123,241 |
58,571,949 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
275,008 |
(258,294) |
34,632 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
275,008 |
(258,294) |
34,632 |
|
Taxation |
77,119 |
- |
(29,000) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
352,127 |
(258,294) |
5,632 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
352,127 |
(258,294) |
5,632 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
352,127 |
(258,294) |
5,632 |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||
|
As previously reported |
156,196 |
273,835 |
92,687 |
|
---------------- |
---------------- |
---------------- |
|
|
As restated |
156,196 |
273,835 |
92,687 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
508,323 |
15,541 |
98,319 |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
508,323 |
15,541 |
98,319 |
|
============= |
============= |
============= |
|
|
ENG SHENG SDN. BHD. |
|
ASSETS EMPLOYED: |
|||
|
FIXED ASSETS |
4,520,385 |
4,536,956 |
5,573,868 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
4,520,385 |
4,536,956 |
5,573,868 |
|
TOTAL CURRENT ASSETS |
13,568,613 |
13,537,555 |
9,995,161 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
18,088,998 |
18,074,511 |
15,569,029 |
|
============= |
============= |
============= |
|
|
TOTAL CURRENT LIABILITIES |
13,157,837 |
14,594,386 |
11,979,110 |
|
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
410,776 |
(1,056,831) |
(1,983,949) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
4,931,161 |
3,480,125 |
3,589,919 |
|
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||
|
Ordinary share capital |
1,000,000 |
1,000,000 |
1,000,000 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,000,000 |
1,000,000 |
1,000,000 |
|
RESERVES |
|||
|
Share premium |
2,660,435 |
1,030,008 |
1,014,467 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
2,660,435 |
1,030,008 |
1,014,467 |
|
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
3,660,435 |
2,030,008 |
2,014,467 |
|
TOTAL LONG TERM LIABILITIES |
1,270,726 |
1,450,117 |
1,575,452 |
|
---------------- |
---------------- |
---------------- |
|
|
4,931,161 |
3,480,125 |
3,589,919 |
|
|
============= |
============= |
============= |
|
|
ENG SHENG SDN. BHD. |
|
TYPES OF FUNDS |
|||
|
Net Liquid Assets |
410,776 |
(1,056,831) |
(1,983,949) |
|
Net Current Assets/(Liabilities) |
410,776 |
(1,056,831) |
(1,983,949) |
|
Net Tangible Assets |
4,931,161 |
3,480,125 |
3,589,919 |
|
Net Monetary Assets |
(859,950) |
(2,506,948) |
(3,559,401) |
|
BALANCE SHEET ITEMS |
|||
|
Total Liabilities |
14,428,563 |
16,044,503 |
13,554,562 |
|
Total Assets |
18,088,998 |
18,074,511 |
15,569,029 |
|
Net Assets |
4,931,161 |
3,480,125 |
3,589,919 |
|
Net Assets Backing |
3,660,435 |
2,030,008 |
2,014,467 |
|
Shareholders' Funds |
3,660,435 |
2,030,008 |
2,014,467 |
|
Total Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
|
Total Reserves |
2,660,435 |
1,030,008 |
1,014,467 |
|
LIQUIDITY (Times) |
|||
|
Current Ratio |
1.03 |
0.93 |
0.83 |
|
SOLVENCY RATIOS (Times) |
|||
|
Liabilities Ratio |
3.94 |
7.90 |
6.73 |
|
Assets Backing Ratio |
4.93 |
3.48 |
3.59 |
|
PERFORMANCE RATIO (%) |
|||
|
Operating Profit Margin |
0.50 |
(0.46) |
0.06 |
|
Net Profit Margin |
0.64 |
(0.46) |
0.01 |
|
Return On Net Assets |
5.58 |
(7.42) |
0.96 |
|
Return On Capital Employed |
5.58 |
(7.42) |
0.96 |
|
Return On Shareholders' Funds/Equity |
9.62 |
(12.72) |
0.28 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.96 |
|
|
1 |
Rs.94.41 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.