|
Report No. : |
302251 |
|
Report Date : |
10.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
RANBAXY (MALAYSIA) SDN. BHD. |
|
|
|
|
Registered Office : |
Lot 6.05, Kpmg Tower, 8, First Avenue, Bandar Utama, Level
6, 47800 Petaling Jaya, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
26.08.1982 |
|
|
|
|
Com. Reg. No.: |
89186-K |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacture and distribution of pharmaceutical products |
|
|
|
|
No. of Employee : |
250[2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
EXECUTIVE
SUMMARY
|
|
|
|
REGISTRATION NO. |
: |
89186-K |
||||
|
COMPANY NAME |
: |
RANBAXY
(MALAYSIA) SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
26/08/1982 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
LOT 6.05, KPMG TOWER, 8, FIRST AVENUE,
BANDAR UTAMA, LEVEL 6, 47800 PETALING JAYA, SELANGOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
WISMA SELANGOR DREDGING SOUTH BLOCK, 5TH FLOOR,
142A, JALAN AMPANG, 50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-21614181 |
||||
|
FAX.NO. |
: |
03-21627593 |
||||
|
WEB SITE |
: |
WWW.RANBAXY.COM |
||||
|
CONTACT PERSON |
: |
JEYABALAN THANGARAJAH ( MANAGING DIRECTOR
) |
||||
|
INDUSTRY CODE |
: |
21001 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURE AND DISTRIBUTION OF
PHARMACEUTICAL PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 12,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 8,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 76,378,000 [2014] |
||||
|
NET WORTH |
: |
MYR 57,095,000 [2014] |
||||
|
STAFF STRENGTH |
: |
250 [2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
GOOD |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
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 and distribution of pharmaceutical products.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
The immediate holding company of the Subject is RANBAXY LABORATORIES LIMITED, a company incorporated in INDIA.
The ultimate holding company of the Subject is DAIICHI SANKYO COMPANY LIMITED, a company incorporated in JAPAN.
Share Capital
History
|
Date |
Authorised
Shared Capital |
Issue & Paid
Up Capital |
|
26/06/2014 |
MYR 12,000,000.00 |
MYR 8,000,000.00 |
|
09/09/2002 |
MYR 12,000,000.00 |
MYR 8,000,000.00 |
|
28/07/1999 |
MYR 10,000,000.00 |
MYR 5,000,000.00 |
|
22/08/1996 |
MYR 10,000,000.00 |
MYR 4,507,617.00 |
|
16/08/1993 |
MYR 4,000,000.00 |
MYR 2,400,000.00 |
|
24/05/1993 |
MYR 4,000,000.00 |
MYR 2,381,400.00 |
|
03/12/1992 |
MYR 4,000,000.00 |
MYR 2,331,998.00 |
|
05/08/1992 |
MYR 4,000,000.00 |
MYR 2,286,854.00 |
|
15/06/1992 |
MYR 4,000,000.00 |
MYR 2,121,292.00 |
|
10/06/1992 |
MYR 4,000,000.00 |
MYR 2,071,292.00 |
|
31/05/1992 |
MYR 4,000,000.00 |
MYR 1,903,173.00 |
|
20/04/1992 |
MYR 4,000,000.00 |
MYR 1,893,373.00 |
|
31/12/1991 |
MYR 4,000,000.00 |
MYR 1,837,400.00 |
|
12/12/1991 |
MYR 4,000,000.00 |
MYR 1,826,200.00 |
|
31/10/1991 |
MYR 4,000,000.00 |
MYR 1,764,200.00 |
|
18/09/1991 |
MYR 4,000,000.00 |
MYR 1,671,198.00 |
|
10/04/1991 |
MYR 2,000,000.00 |
MYR 1,200,000.00 |
|
04/03/1991 |
MYR 2,000,000.00 |
MYR 1,197,002.00 |
|
03/04/1989 |
MYR 2,000,000.00 |
MYR 1,189,949.00 |
|
20/02/1989 |
MYR 2,000,000.00 |
MYR 1,183,074.00 |
|
08/12/1988 |
MYR 2,000,000.00 |
MYR 1,163,074.00 |
|
19/10/1988 |
MYR 2,000,000.00 |
MYR 1,120,662.00 |
|
28/06/1988 |
MYR 2,000,000.00 |
MYR 1,050,662.00 |
|
04/03/1988 |
MYR 2,000,000.00 |
MYR 1,045,662.00 |
|
12/01/1988 |
MYR 2,000,000.00 |
MYR 1,025,662.00 |
|
27/10/1987 |
MYR 2,000,000.00 |
MYR 980,662.00 |
|
03/08/1987 |
MYR 2,000,000.00 |
MYR 913,662.00 |
|
27/06/1987 |
MYR 2,000,000.00 |
MYR 541,662.00 |
|
26/08/1982 |
MYR 2.00 |
MYR 1.00 |
The major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
RANBAXY LABORATORIES LTD. |
A-41, INDUSTRIAL AREA PHASE VIII-A,
SAHIBZADA AJIT SINGH NAGAR, MOHALI, PUNJAB, 160071, INDIA. |
3747 |
3,189,248.00 |
39.87 |
|
RANBAXY (NERTHERLANDS) BV |
PRINS BERNHARDPLEIN, 200, AMSTERDAM,
1097JB, NETHERLANDS. |
XLZ00209235 |
2,507,617.00 |
31.35 |
|
STATUS RESOURCES SDN. BHD. |
MENARA TUN RAZAK, JALAN RAJA LAUT, TINGKAT
31, 50250 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
148518P |
666,985.00 |
8.34 |
|
MS. APARAJITHA A/P M. P. KRISHNAN |
3, JALAN SUNGAI CHUA, 43000 KAJANG,
SELANGOR, MALAYSIA. |
740125-14-5734
A2581876 |
186,000.00 |
2.33 |
|
MS. CHEAH SOO SEE |
51, JALAN CHAN CHIN MOOI, TAMAN
TITIWANGSA, OFF JALAN PAHANG, 53200 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
540120-07-5080
4565454 |
150,170.00 |
1.88 |
|
AINLI SDN. BHD. |
LOT 6.05, KPMG TOWER, 8, FIRST AVENUE,
BANDAR UTAMA, LEVEL 6, 47800 PETALING JAYA, SELANGOR, MALAYSIA. |
47079W |
139,763.00 |
1.75 |
|
DR SATWANT SINGH GILL. |
48, JALAN TANJONG, 46000 PETALING JAYA,
SELANGOR, MALAYSIA. |
330313-10-5201
1863516 |
132,651.00 |
1.66 |
|
KINOSHITA CORPORATION SDN. BHD. |
5, JALAN KOLEJ MELAYU, 33000 KUALA
KANGSAR, PERAK, MALAYSIA. |
59013D |
120,136.00 |
1.50 |
|
DR MOHAMAD HARUN |
KLINIK MOHD HARUN, 1962, JALAN DATO' PATI,
15400 KOTA BHARU, KELANTAN, MALAYSIA. |
0817831 |
100,000.00 |
1.25 |
|
DATO' DR MOHD ZAINEE HAJI GHAZALI |
POLIKLINIK HIDAYAH, 4B, ARKEB MARA, 71300
REMBAU, NEGERI SEMBILAN, MALAYSIA. |
520218-08-6003
4257940 |
82,872.00 |
1.04 |
|
MS. RASANAYAKI D/O KRISHNARAJA |
5735-C, KLEBANG BESAR, 75200 MELAKA,
MELAKA, MALAYSIA. |
490328-10-5338
1154249 |
69,679.00 |
0.87 |
|
DR MOHD ISHAK BIN SYED AHMAD |
6, JALAN TENGKERA, 75200 MELAKA, MELAKA,
MALAYSIA. |
690519-08-6113 7074148 |
57,115.00 |
0.71 |
|
MS. SHAMSUNNISA @ SHAMSUN NAHAR BINTI
M.A.ABDUL JABBAR |
7383, JALAN LEREH/SPRING 3, TAMAN SPRING
GARDEN, 76400 TANJONG KLING, MELAKA, MALAYSIA. |
580409-71-5284
5310329 |
57,115.00 |
0.71 |
|
MS. JAMILAH AKHTAR BINTI ABDUL RAHMAN |
1916-E, TAMAN STADIUM, JALAN STADIUM,
05100 ALOR SETAR, KEDAH, MALAYSIA. |
540613-02-5806 |
50,000.00 |
0.63 |
|
DR MRS NIRMALA MENON |
11, LORONG SENYUM MATAHARI, COUNTRY
HEIGHTS, 43000 KAJANG, SELANGOR, MALAYSIA. |
591123-71-5282
5825081 |
48,054.00 |
0.60 |
|
DATO' DR SAMBANTHANATHAN UNDERWOOD |
UNDERWOOD CLINIC, 5, JALAN KOLEJ MELAYU,
33000 KUALA KANGSAR, PERAK, MALAYSIA. |
290210-71-5265
3092898 |
48,054.00 |
0.60 |
|
DR PETER RAVINDRAN RICHARDS A/L JAMES
RICHARDS |
3, DESA ROS, 43000 KAJANG, SELANGOR,
MALAYSIA. |
521018-10-5833
4420099 |
36,041.00 |
0.45 |
|
MS. NATASHA MENON |
11, LORONG SENYUM MATAHARI, COUNTRY
HEIGHTS, 43000 KAJANG, SELANGOR, MALAYSIA. |
850705-14-6044 |
35,000.00 |
0.44 |
|
DR HAMID ARSHAT |
75M, MEDAN SETIA SATU, PLAZA DAMANSARA,
BUKIT DAMANSARA, 50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
450104-01-5177
2776605 |
31,250.00 |
0.39 |
|
MR. AROKIASUTHENDRA DASS A/L G. N. DASS |
KLINIK REDDY KAJANG, 182, JALAN LANGAT 2, TAMAN
SRI LANGAT, JALAN REKO, 43000 KAJANG, SELANGOR, MALAYSIA. |
460612-07-5335
2659081 |
30,000.00 |
0.38 |
|
MS. INNIRA @ INDRA D/O M G NAIR |
33, JALAN SETIA DUTA, U13/21B, SETIA ECO
PARK, 40170 SHAH ALAM, SELANGOR, MALAYSIA. |
0591799 |
24,988.00 |
0.31 |
|
MS. JEYA VATHANA A/P M. SELVARATNAM |
18/279, JALAN HUTAN RECREASI, OFF JALAN
TUAN HJ SAID, 70100 SEREMBAN, NEGERI SEMBILAN, MALAYSIA. |
531118-05-5000 |
24,027.00 |
0.30 |
|
DATIN DR VIJAYA LAKSHMI PONNIAH |
KLIMIK DAN RUMAH BERSALIN PANI & ASSOCIATES,
44, JALAN LABU LAMA (AST), 70200 SEREMBAN, NEGERI SEMBILAN, MALAYSIA. |
430602-07-5262
1339345 |
20,000.00 |
0.25 |
|
MR. SURAJ ASHROFF SHARON BIN MOHAMAD ALI |
KLINIK ALI, 34, JALAN GENUANG KAMPUNG,
85000 SEGAMAT, JOHOR, MALAYSIA. |
730804-03-5263
A2502798 |
20,000.00 |
0.25 |
|
EKIM HOLDINGS SDN. BHD. |
10, JALAN SS1/24, KAMPUNG TUNKU, 47300
PETALING JAYA, SELANGOR, MALAYSIA. |
76415M |
16,400.00 |
0.21 |
|
DR MOIZ BIN SIRAJ |
KLINIK MOIZ, 32, JALAN NIAGA 1, 81900 KOTA
TINGGI, JOHOR, MALAYSIA. |
511126-01-5641
4169530 |
13,439.00 |
0.17 |
|
DR N. K. S. THARMASELAN A/L N. K.
SINNADORAI |
P. D. SPECIALIST CENTRE, WISMA N. K. S.,
LOT 855/1, BATU 1/2, JALAN PANTAI, 71000 PORT DICKSON, NEGERI SEMBILAN,
MALAYSIA. |
490906-10-5437
2909279 |
12,014.00 |
0.15 |
|
DR VYTHILINGAM A/L PALANIANDY PILLAY |
KLINIK RAJ & RAKAN-RAKAN, 778, JALAN
SENTUL, 51000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
450508-08-5945
0573204 |
10,812.00 |
0.14 |
|
PREETHA FERNANDESA/P C. A. J. FERNANDES
& PRANESH A. DOMINIC |
1, LORONG 4/48F, 46050 PETALING JAYA,
SELANGOR, MALAYSIA. |
490728-71-5098
780709-01-5059 |
10,000.00 |
0.13 |
|
DR ABDULLAH BIN ABDUL RAHMAN |
10, LORONG KENARI 4, TAMAN PAROI JAYA,
70300 SEREMBAN, NEGERI SEMBILAN, MALAYSIA. |
451013-08-5537
2000735 |
10,000.00 |
0.13 |
|
DR SHEK DAUD BIN HAMID |
42, LEBUH SUNGAI PINANG 1, TINGKAT BAWAH,
11600 PULAU PINANG, PULAU PINANG, MALAYSIA. |
540827-07-5279 4672516 |
10,000.00 |
0.13 |
|
DR M. RAVINDRAN |
KELINIK PANTAI, 532/29, TAMAN MEWAH, 1 1/4
MILE, JALAN PANTAI, 71000 PORT DICKSON, NEGERI SEMBILAN, MALAYSIA. |
450110-08-5649
1039297 |
10,000.00 |
0.13 |
|
DR SELVAKUMAR A/L MURUGIAH |
LOT 357, BUKIT AMPANG INDAH, 44000 KUALA
KUBU BARU, SELANGOR, MALAYSIA. |
521205-08-6199
4380974 |
10,000.00 |
0.13 |
|
DR NAWAWI BIN TAMBY |
MESRA GROUP CLINICS, 21, JALAN BALAU,
TAMAN MELODIES, 80250 JOHOR BAHRU, JOHOR, MALAYSIA. |
451018-04-5091
0857449 |
10,000.00 |
0.13 |
|
MR. MUHAMAD MAIDEN BIN M. K. M. ABD MAJID |
5, JALAN BJ/6A, TAMAN BUKIT JAYA, BUKIT
ANTARABANGSA, 68000 AMPANG, SELANGOR, MALAYSIA. |
530715-08-5801
4516091 |
9,000.00 |
0.11 |
|
DR THURAIRAJU A/L S KRISHNA |
KELINIK RAJ & RAKAN-RAKAN, 778, JALAN
SENTUL, 51000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
460807-08-5541
7962856 |
9,000.00 |
0.11 |
|
DR VELAYUDHAM A/L LAKSHMANAN |
121, JALAN IPOH, 51200 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
380310-71-5077
7991204 |
8,410.00 |
0.11 |
|
MS. ANGELINA SAROJA |
7, JALAN 16/144A, TAMAN BUKIT CHERAS,
56000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
2988615 |
8,410.00 |
0.11 |
|
DATIN DR VIJAYALETCHUMY A/P RAMASAMY |
76, TAMAN ZAABA, TAMAN TUN DR ISMAIL 1, 60000
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
471010-05-5226
7695177 |
7,208.00 |
0.09 |
|
DR MOHD SULAIMAN BIN HAMAT |
KELINIK MOHD SULAIMAN, 59D, JALAN TOK LAM,
20100 KUALA TERENGGANU, TERENGGANU, MALAYSIA. |
4601548 |
5,996.00 |
0.07 |
|
DR JOSEPH ARUL |
90-H, JALAN PERGAM, 08000 SUNGAI PETANI,
KEDAH, MALAYSIA. |
7746542 |
5,000.00 |
0.06 |
|
DR MOHD SALLEHIN BIN HJ ABU BAKAR |
POLOKLINIK PENAWAR, 15, TAMAN SRI
KAMUNTING, JALAN STESYEN, 84000 MUAR, JOHOR, MALAYSIA. |
560429-05-5289
4948765 |
5,000.00 |
0.06 |
|
MS. SANTHA BHASKARA MENON + |
BLOCK E, APARTMENT 6, SUNWAY VIVALDI MONT
KIARA, 1, JALAN 19/70A, DESA SRI HARTAMAS, 7TH FLOOR, 50400 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
371219-71-5258 |
1,046.00 |
0.01 |
|
DR M. PARAMESWARAN KRISHNAN |
KAJANG KLINIK 3, JALAN SUNGAI CHUA, 43000
KAJANG, SELANGOR, MALAYSIA. |
4116356 |
1,500.00 |
0.02 |
|
--------------- |
------ |
|||
|
8,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
RAJIV GULATI |
|
Address |
: |
B-3, 1701, UNITECH WORLD SPA, SECTOR-30, GURGAON INDIA, INDIA. |
|
IC / PP No |
: |
Z2161770 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
18/05/2012 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. JEYABALAN A/L V. THANGARAJAH |
|
Address |
: |
727, HAPPY GARDEN, JALAN RIANG 3, 58200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
5955553 |
|
New IC No |
: |
600522-10-6881 |
|
Date of Birth |
: |
22/05/1960 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
04/11/1997 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. INDRAJIT BANERJEE |
|
Address |
: |
F-100, EAST OF KAILASH, NEW DELHI, 2ND FLOOR, 110065, INDIA. |
|
IC / PP No |
: |
Z2067464 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
18/05/2012 |
DIRECTOR 4
|
Name Of Subject |
: |
ASHWANI KUMAR MALHOTRA |
|
Address |
: |
FLAT N, 8, MEGHNA AMBUJA, 191 ROAD, 7, WEST MARREDPALLY SECUNDERABAD, ANDHRA PRADESH, 500026, MALAYSIA. |
|
IC / PP No |
: |
G3636497 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
04/02/2011 |
DIRECTOR 5
|
Name Of Subject |
: |
MR. ALOK SHUBHKAR KAPOOR |
|
Address |
: |
A 37-2, 10, MONT KIARA, JALAN KIARA 1, 50480 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
Z1862868 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
31/10/2013 |
DIRECTOR 6
|
Name Of Subject |
: |
DATO' ABDULLAH BIN MOHD YUSOF |
|
Address |
: |
28, JALAN SETIAMURNI 12, BUKIT DAMANSARA, 50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
4071934 |
|
New IC No |
: |
390505-01-5627 |
|
Date of Birth |
: |
05/05/1939 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
09/12/1987 |
|
Qualification |
: |
HE GRADUATED FROM THE UNIVERSITY OF SINGAPORE WITH A BACHELOR OF LAWS (HONOURS) DEGREE IN 1968. |
|
Profile |
: |
HE IS AN ADVOCATE AND SOLICITOR, HAVING HIS OWN LEGAL PRACTISE SINCE 1970. |
DIRECTOR 7
|
Name Of Subject |
: |
MS. SANTHA BHASKARA MENON |
|
Address |
: |
BLOCK E, APARTMENT 6, SUNWAY VIVALDI MONT KIARA, 1, JALAN 19/70A, DESA SRI HARTAMAS, 7TH FLOOR, 50400 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
371219-71-5258 |
|
Date of Birth |
: |
19/12/1937 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
26/08/1982 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
ASHWANI KUMAR MALHOTRA |
|
Position |
: |
EXECUTIVE VICE PRESIDENT |
|
|
2) |
Name of Subject |
: |
JEYABALAN THANGARAJAH |
|
Position |
: |
MANAGING DIRECTOR |
|
|
3) |
Name of Subject |
: |
INDRAJIT BANERJEE |
|
Position |
: |
CHIEF FINANCE OFFICER |
|
|
4) |
Name of Subject |
: |
KAMALNATHHAN |
|
Position |
: |
BUSINESS DEVELOPMENT MANAGER |
|
|
5) |
Name of Subject |
: |
SAPA MOHAN DAS |
|
Position |
: |
MARKETING DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
KPMG |
|
Auditor' Address |
: |
KPMG TOWER, 8, FIRST AVENUE, BANDAR UTAMA, LEVEL 10, 47800 PETALING JAYA, SELANGOR, MALAYSIA. |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. AMBIKAI A/P BALA SINGHAM |
|
IC / PP No |
: |
A1008414 |
|
|
New IC No |
: |
680722-10-5894 |
|
|
Address |
: |
28, JALAN PUYOH, BATU 3, JALAN IPOH, 51100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
DEUTSCHE BANK (MALAYSIA) BHD |
ENCUMBRANCE
(S)
|
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
1 |
17/09/1984 |
CHARGE OF FIXED
DEPOSIT RECEIPT |
UNITED ASIAN BANK BHD |
MYR 100,000.00 |
Unsatisfied |
|
2 |
17/09/1984 |
CHARGE OF FIXED DEPOSIT
RECEIPT |
UNITED ASIAN BANK BHD |
MYR 65,000.00 |
Unsatisfied |
|
2 (BK 272/98) |
17/09/1984 |
CHARGE OF FIXED
DEPOSIT RECEIPT |
UNITED ASIAN BANK BHD |
MYR 65,000.00 |
Unsatisfied |
|
3 |
08/01/1986 |
N/A |
HONGKONG BANK MALAYSIA BERHAD |
- |
Satisfied |
|
4 |
09/03/1987 |
N/A |
HONGKONG BANK MALAYSIA BERHAD |
- |
Satisfied |
|
5 |
11/11/1987 |
N/A |
HONGKONG BANK MALAYSIA BERHAD |
- |
Satisfied |
|
6 |
17/02/2003 |
N/A |
HSBC BANK MALAYSIA BERHAD |
- |
Satisfied |
|
7 |
28/01/2010 |
A CHARGE ON
DEPOSITT |
DEUTSCHE BANK (MALAYSIA) BHD |
- |
Satisfied |
LITIGATION
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank against 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 |
: |
45% |
|
Overseas |
: |
YES |
Percentage |
: |
55% |
|
Import Countries |
: |
ASIA |
|||
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 |
: |
60% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
Percentage |
: |
40% |
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Type of Customer |
: |
PHARMACIES,HOSPITALS,DEALERS |
|||
OPERATIONS
|
|
Products manufactured |
: |
|
|||||
|
Product Brand Name |
: |
|
|||||
|
Competitor(s) |
: |
ALPHA BIOLOGICS SDN BHD |
|||||
|
Ownership of premises |
: |
OWNED |
|||||
|
Factory / Premises |
: |
LOT 23, BAKAR ARANG
INDUSTRIAL ESTATE, 08000 SUNGAI PETANI, KEDAH, 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 |
250 |
200 |
200 |
200 |
200 |
200 |
|||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacture and
distribution of pharmaceutical products.
The Subject's products are for oral use comprising liquid formulations,
tablets, capsules and granules for suspension.
The Subject has a major presence in the areas of Cardio vascular, Antibiotic,
Pain Management, Gastrointestinal and Food Supplement, Threpentic segments and
others.
Numerous products of the Subject are brand leaders in the hospital and general
practitioners (GP) markets such as Invoril and others.
RECENT
DEVELOPMENT
|
August 08, 2013
Kuala Lumpur, Malaysia; Gurgaon, India: Ranbaxy Malaysia Sdn Bhd (RMSB) today announced
that it has been allocated the site for setting up its Greenfield manufacturing
facility in Malaysia. The company signed a ‘letter of offer’ agreement with
Kulim Hi Tech Park (KHTP), a wholly owned state agency and industrial park that
houses various other leading industries. KHTP is located at Kulim in the state
of Kedah, Malaysia.
The Ranbaxy Greenfield facility will be built on an area of around 15 acres
with an investment of around US$ 35 million providing employment to over 200
people. This will be Ranbaxy’s second manufacturing plant in Malaysia. Last
year in September, the Government of Malaysia gave an approval to RMSB for
setting up a Greenfield manufacturing facility in Malaysia as an Entry Point
Project (EPP).
The RMSB new facility would manufacture dosage forms including tablets and
capsules primarily in the Cardiovascular, Anti Diabetic, Anti-infective and
Gastrointestinal segments. Ranbaxy’s total output in Malaysia will be increased
from 1 Billion doses/annum to 3 Billion doses/annum when the new facility is
fully operational.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-21614181 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
SUNGAI PETANI LOT 23, BAKAR ARANG INDUSTRIAL ESTATE 08000 GUNGA PETANI |
|
Current Address |
: |
WISMA SELANGOR DREDGING SOUTH BLOCK, 5TH FLOOR, 142A, JALAN AMPANG, 50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and she provided some
information.
The address provided belongs to the Subject's factory.
FINANCIAL ANALYSIS
|
|
|
|
Profitability |
||||||
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
(40.12%) |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
(39.43%) |
] |
|
|
The Subject's unfavourable returns on shareholders' funds indicate the
management's inefficiency in utilising its assets to generate returns. |
||||||
|
Working Capital
Control |
||||||
|
Stock Ratio |
: |
Unfavourable |
[ |
147 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
177 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
17 Days |
] |
|
|
The Subject could be incurring higher holding cost. As its capital was
tied up in stocks, it could face liquidity problems. The Subject's debtors
ratio was high. The Subject should tighten its credit control and improve its
collection period. The Subject had a favourable creditors' ratio where the
Subject could be taking advantage of the cash discounts and also wanting to
maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Unfavourable |
[ |
0.79 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.33 Times |
] |
|
|
A low liquid ratio means that the Subject may be facing working
capital deficiency. If the Subject cannot obtain additional financing or
injection of fresh capital, it may face difficulties in meeting its short
term obligations. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Unfavourable |
[ |
(10.60 Times) |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.46 Times |
] |
|
|
The Subject incurred losses in the year. It did not generate sufficient
income to service its interest. If the situation does not improve, the
Subject may be vulnerable to default in servicing the interest. The Subject
was lowly geared thus it had a low financial risk. The Subject was mainly
financed by its shareholders' funds and internally generated funds. In times
of economic slowdown / downturn, the Subject being a lowly geared company,
will be able to compete better than those companies which are highly geared
in the same industry. |
||||||
|
Overall
Assessment : |
||||||
|
Due to its weak liquidity position, the Subject will be faced with
problems in meeting all its short term obligations if no short term loan is obtained
or additional capital injected into the Subject. The Subject's interest cover
was negative, indicating that it did not generate sufficient income to
service its interest. If its result does not show impressive improvements or
succeed obtaining short term financing or capital injection, it may not be
able to service its interest and repay the loans. The Subject as a lowly
geared company, will be more secured compared to those highly geared
companies. It has the ability to meet all its long term obligations. |
||||||
|
Overall
financial condition of the Subject : LIMITED |
||||||
MALAYSIA
ECONOMIC / INDUSTRY OUTLOOK
|
|
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 |
|||||
INDUSTRY
ANALYSIS
|
|
MSIC CODE |
|
|
21001 : Manufacture of medicinal active substances
to be used for their pharmacological properties in the manufacture of
medicaments |
|
|
INDUSTRY : |
MANUFACTURING |
|
The manufacturing sector is expected to grow by 5.5% in 2015. It will be
bolstered by strong domestic and export-oriented industries in line with
growing investment activities and favorable external demand. Moreover, in
2014, the manufacturing sectors have spearheading growth. The manufacturing
sector is estimated to grow at a faster pace in 2014 on higher exports of
electronics and electrical (E&E) products as external demand improves. |
|
|
The manufacturing sector expanded strongly during the first half of
2014, the highest growth in three years, spurred by higher global
semiconductor sales. Value-added of the manufacturing sector expanded 7.1%
during the first half of 2014. Production of the sector rose 6.6% in the
first seven months of 2014 supported by resilient domestic demand and
recovery in the external sector during the first seven months of the years.
The sales value of manufactured products rebounded by 7.7% in the first seven
months of 2014. The strong performance of the sector was on account of higher
output at 9.4% from the domestic-oriented industries, particularly transport
equipment, food and beverage. |
|
|
The manufacturing sector continued to attract domestic and foreign
investment with investment approved by Malaysian Investment Development
Authority (MIDA) totaling RM47.4 billion during the first six months of 2014,
mainly from Japan, China and Germany. Meanwhile, the capacity utilization
rate remained steady at 80.4% during the second quarter of 2014 while average
wage per employee and productivity improved to RM2,772 per month and 5.9%,
respectively during the first seven months of 2014. Boosted by favorable
domestic economic activity and recovery in the external sector, the
manufacturing sector is expected to record a better performance with growth
of 6.4% in 2014. |
|
|
In the meantime, production of wood products rebounded by 5.1% largely
supported by higher output in the saw-milling and planning of wood segment at
25.9% during the first seven months of 2014. The positive performance was
attributed to vibrant residential and commercial construction activities
which contributed to increased use of timber frame and glued laminated timber
for cost savings compared to the use of concrete and steel. Increased demand
from major export destination such as the US, Japan and Australia for
Malaysian made furniture contributed to the higher output, particularly
wooden and cane furniture which rebounded by 2.2%. |
|
|
Production of rubber products contracted 0.3% in the first seven
months of 2014 on account of slower demand for rubber gloves and rubber
tyres. The decline in rubber tyres for vehicles was due to the weaker
external demand from the automotive industry, particularly from China. Output
of other rubber products contracted 3.8% following the product shift from
rubber-based to plastics, silicones and metal alloys in the manufacture of
medical devices. |
|
|
Besides, exports of manufactured products are expected to grow 6.1% in
2014 boosted by the growing demand from advanced economies. However, during the
first seven months of 2014, manufactured exports surged 11.4%. The robust
growth was buoyed by strengthening demand in the US and EU, reflecting
significant exposure of Malaysian exports to the economic performance in the
advance economies. The strength in export was broad-based with robust growth
in both E&E and non- E&E subsectors. |
|
|
Under budget 2015, the Government will provide incentive in the form
of capital allowance on automation expenditure to encourage automation in the
manufacturing sector, which may help in the manufacturing sector. |
|
|
OVERALL INDUSTRY
OUTLOOK : Average Growth |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
RANBAXY
(MALAYSIA) SDN. BHD. |
|
Financial Year End |
2014-03-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Months |
15 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
76,378,000 |
92,991,000 |
86,726,000 |
92,728,000 |
109,056,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
76,378,000 |
92,991,000 |
86,726,000 |
92,728,000 |
109,056,000 |
|
Costs of Goods Sold |
(71,870,000) |
(61,640,000) |
(58,185,000) |
(56,765,000) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
4,508,000 |
31,351,000 |
28,541,000 |
35,963,000 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(24,639,000) |
8,575,000 |
7,357,000 |
17,087,000 |
16,314,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(24,639,000) |
8,575,000 |
7,357,000 |
17,087,000 |
16,314,000 |
|
Taxation |
1,733,000 |
(1,755,000) |
(1,339,000) |
(4,222,000) |
(3,658,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(22,906,000) |
6,820,000 |
6,018,000 |
12,865,000 |
12,656,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS)
BROUGHT FORWARD |
|||||
|
As previously reported |
72,501,000 |
66,481,000 |
61,823,000 |
50,558,000 |
38,862,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
72,501,000 |
66,481,000 |
61,823,000 |
50,558,000 |
38,862,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
49,595,000 |
73,301,000 |
67,841,000 |
63,423,000 |
51,518,000 |
|
DIVIDENDS - Ordinary (paid & proposed) |
(800,000) |
(800,000) |
(1,360,000) |
(1,600,000) |
(960,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
48,795,000 |
72,501,000 |
66,481,000 |
61,823,000 |
50,558,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE
(as per notes to P&L) |
|||||
|
Bank overdraft |
2,124,000 |
1,138,000 |
767,000 |
567,000 |
1,075,000 |
|
Bankers' acceptance |
- |
- |
- |
68,000 |
- |
|
Revolving loans |
- |
- |
- |
- |
89,000 |
|
Others |
- |
- |
- |
- |
126,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
2,124,000 |
1,138,000 |
767,000 |
635,000 |
1,290,000 |
|
|
============= |
============= |
============= |
============= |
============= |
BALANCE
SHEET
|
|
|
|
RANBAXY
(MALAYSIA) SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
38,094,000 |
33,872,000 |
25,093,000 |
23,037,000 |
23,001,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
38,094,000 |
33,872,000 |
25,093,000 |
23,037,000 |
23,001,000 |
|
Stocks |
30,671,000 |
27,585,000 |
30,950,000 |
24,062,000 |
27,857,000 |
|
Trade debtors |
37,133,000 |
51,920,000 |
47,492,000 |
42,479,000 |
40,364,000 |
|
Other debtors, deposits & prepayments |
3,403,000 |
2,142,000 |
4,003,000 |
3,024,000 |
2,256,000 |
|
Amount due from holding company |
3,438,000 |
4,952,000 |
2,921,000 |
1,472,000 |
1,908,000 |
|
Cash & bank balances |
411,000 |
127,000 |
466,000 |
341,000 |
1,443,000 |
|
Others |
703,000 |
372,000 |
281,000 |
111,000 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
75,759,000 |
87,098,000 |
86,113,000 |
71,489,000 |
73,828,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
113,853,000 |
120,970,000 |
111,206,000 |
94,526,000 |
96,829,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade creditors |
3,348,000 |
7,152,000 |
5,630,000 |
5,036,000 |
6,063,000 |
|
Other creditors & accruals |
6,187,000 |
4,449,000 |
4,624,000 |
2,338,000 |
7,304,000 |
|
Bank overdraft |
26,142,000 |
13,175,000 |
11,568,000 |
12,162,000 |
- |
|
Bill & acceptances payable |
- |
- |
- |
1,735,000 |
2,301,000 |
|
Amounts owing to holding company |
20,422,000 |
13,937,000 |
13,396,000 |
1,097,000 |
10,686,000 |
|
Amounts owing to related companies |
- |
- |
- |
- |
8,993,000 |
|
Provision for taxation |
- |
- |
- |
- |
1,857,000 |
|
Other liabilities |
659,000 |
145,000 |
75,000 |
693,000 |
640,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
56,758,000 |
38,858,000 |
35,293,000 |
23,061,000 |
37,844,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
19,001,000 |
48,240,000 |
50,820,000 |
48,428,000 |
35,984,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
57,095,000 |
82,112,000 |
75,913,000 |
71,465,000 |
58,985,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
8,000,000 |
8,000,000 |
8,000,000 |
8,000,000 |
8,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
8,000,000 |
8,000,000 |
8,000,000 |
8,000,000 |
8,000,000 |
|
RESERVES |
|||||
|
Share premium |
300,000 |
300,000 |
300,000 |
300,000 |
300,000 |
|
Retained profit/(loss) carried forward |
48,795,000 |
72,501,000 |
66,481,000 |
61,823,000 |
50,558,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
49,095,000 |
72,801,000 |
66,781,000 |
62,123,000 |
50,858,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
57,095,000 |
80,801,000 |
74,781,000 |
70,123,000 |
58,858,000 |
|
Deferred taxation |
- |
1,311,000 |
1,132,000 |
1,342,000 |
127,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
- |
1,311,000 |
1,132,000 |
1,342,000 |
127,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
57,095,000 |
82,112,000 |
75,913,000 |
71,465,000 |
58,985,000 |
|
|
============= |
============= |
============= |
============= |
============= |
|
FINANCIAL
RATIO
|
|
|
|
RANBAXY
(MALAYSIA) SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
411,000 |
127,000 |
466,000 |
341,000 |
1,443,000 |
|
Net Liquid Funds |
(25,731,000) |
(13,048,000) |
(11,102,000) |
(13,556,000) |
(858,000) |
|
Net Liquid Assets |
(11,670,000) |
20,655,000 |
19,870,000 |
24,366,000 |
8,127,000 |
|
Net Current Assets/(Liabilities) |
19,001,000 |
48,240,000 |
50,820,000 |
48,428,000 |
35,984,000 |
|
Net Tangible Assets |
57,095,000 |
82,112,000 |
75,913,000 |
71,465,000 |
58,985,000 |
|
Net Monetary Assets |
(11,670,000) |
19,344,000 |
18,738,000 |
23,024,000 |
8,000,000 |
|
BALANCE SHEET
ITEMS |
|||||
|
Total Borrowings |
26,142,000 |
13,175,000 |
11,568,000 |
13,897,000 |
2,390,000 |
|
Total Liabilities |
56,758,000 |
40,169,000 |
36,425,000 |
24,403,000 |
37,971,000 |
|
Total Assets |
113,853,000 |
120,970,000 |
111,206,000 |
94,526,000 |
96,829,000 |
|
Net Assets |
57,095,000 |
82,112,000 |
75,913,000 |
71,465,000 |
58,985,000 |
|
Net Assets Backing |
57,095,000 |
80,801,000 |
74,781,000 |
70,123,000 |
58,858,000 |
|
Shareholders' Funds |
57,095,000 |
80,801,000 |
74,781,000 |
70,123,000 |
58,858,000 |
|
Total Share Capital |
8,000,000 |
8,000,000 |
8,000,000 |
8,000,000 |
8,000,000 |
|
Total Reserves |
49,095,000 |
72,801,000 |
66,781,000 |
62,123,000 |
50,858,000 |
|
LIQUIDITY
(Times) |
|||||
|
Cash Ratio |
0.01 |
0.00 |
0.01 |
0.01 |
0.04 |
|
Liquid Ratio |
0.79 |
1.53 |
1.56 |
2.06 |
1.21 |
|
Current Ratio |
1.33 |
2.24 |
2.44 |
3.10 |
1.95 |
|
WORKING CAPITAL
CONTROL (Days) |
|||||
|
Stock Ratio |
147 |
108 |
130 |
95 |
93 |
|
Debtors Ratio |
177 |
204 |
200 |
167 |
135 |
|
Creditors Ratio |
17 |
42 |
35 |
32 |
20 |
|
SOLVENCY RATIOS
(Times) |
|||||
|
Gearing Ratio |
0.46 |
0.16 |
0.15 |
0.20 |
0.04 |
|
Liabilities Ratio |
0.99 |
0.50 |
0.49 |
0.35 |
0.65 |
|
Times Interest Earned Ratio |
(10.60) |
8.54 |
10.59 |
27.91 |
13.65 |
|
Assets Backing Ratio |
7.14 |
10.26 |
9.49 |
8.93 |
7.37 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating Profit Margin |
(32.26) |
9.22 |
8.48 |
18.43 |
14.96 |
|
Net Profit Margin |
(29.99) |
7.33 |
6.94 |
13.87 |
11.61 |
|
Return On Net Assets |
(39.43) |
11.83 |
10.70 |
24.80 |
29.84 |
|
Return On Capital Employed |
(27.05) |
10.19 |
9.29 |
21.19 |
29.80 |
|
Return On Shareholders' Funds/Equity |
(40.12) |
8.44 |
8.05 |
18.35 |
21.50 |
|
Dividend Pay Out Ratio (Times) |
0.03 |
0.12 |
0.23 |
0.12 |
0.08 |
|
NOTES TO
ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
|
1 |
Rs.94.16 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.