|
Report No. : |
305272 |
|
Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
IHH HEALTHCARE BERHAD |
|
|
|
|
Formerly Known As : |
INTEGRATED HEALTHCARE HOLDINGS BHD |
|
|
|
|
Registered Office : |
Block A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.05.2010 |
|
|
|
|
Com. Reg. No.: |
901914-V |
|
|
|
|
Legal Form : |
Public Co. |
|
|
|
|
Line of Business : |
Operation Of Hospitals, Investment Holding |
|
|
|
|
No. of Employee : |
Not Available |
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 |
|
REGISTRATION NO. |
: |
901914-V |
||||
|
COMPANY NAME |
: |
IHH HEALTHCARE BERHAD |
||||
|
FORMER NAME |
: |
INTEGRATED HEALTHCARE
HOLDINGS BHD (20/04/2012) |
||||
|
INCORPORATION DATE |
: |
21/05/2010 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PUBLIC |
||||
|
LISTED STATUS |
: |
YES |
||||
|
LISTED DATE |
: |
25/07/2012 |
||||
|
|
|
|
||||
|
|
|
|
||||
|
REGISTERED ADDRESS |
: |
BLOCK A, PANTAI
HOSPITAL KUALA LUMPUR, 8, JALAN BUKIT PANTAI, LEVEL 11, 59100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LEVEL 11, BLOCK
A, PANTAI HOSPITAL KUALA LUMPUR, 8 JALAN BUKIT PANTAI, 59100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-22721718/22989898 |
||||
|
FAX.NO. |
: |
03-22989899 |
||||
|
WEB SITE |
: |
WWW.IHHHEALTHCARE.COM |
||||
|
CONTACT PERSON |
: |
TAN SEE LENG (
CEO ) |
||||
|
|
|
|
||||
|
INDUSTRY CODE |
: |
86101 64200 |
||||
|
PRINCIPAL ACTIVITY |
: |
OPERATION OF
HOSPITALS, INVESTMENT HOLDING |
||||
|
AUTHORISED CAPITAL |
: |
MYR
18,000,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR
8,182,777,906.00 DIVIDED INTO |
||||
|
|
|
|
||||
|
SALES |
: |
MYR
6,756,451,000 [2013] |
||||
|
NET WORTH |
: |
MYR
19,922,947,000 [2013] |
||||
|
|
|
|
||||
|
STAFF STRENGTH |
: |
n/a [2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
GOOD |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
|
|
|
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
As a public limited company, the Subject must
have at least one shareholder but there is no limit on the maximum number of shareholders.
The Subject must have at least two directors. A public 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 liabilities of the shareholders are only up 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 must file in its annual return, together
with its financial statements with the Registrar of Companies. In Malaysia, all
the companies seeking listing on the Bursa Malaysia (Malaysia Stock Exchange)
must be public limited companies.
The Subject is principally engaged in the (as
a / as an) operation of hospitals, investment holding.
The Subject was listed on the Main Board of
Bursa Malaysia Securities Bhd on 25/07/2012
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
29/01/2015 |
MYR 18,000,000,000.00 |
MYR 8,182,777,906.00 |
|
02/01/2015 |
MYR 18,000,000,000.00 |
MYR 8,178,569,889.00 |
|
26/11/2014 |
MYR 18,000,000,000.00 |
MYR 8,178,536,889.00 |
|
20/10/2014 |
MYR 18,000,000,000.00 |
MYR 8,178,502,511.00 |
|
22/08/2014 |
MYR 18,000,000,000.00 |
MYR 8,177,319,511.00 |
|
17/07/2014 |
MYR 18,000,000,000.00 |
MYR 8,175,617,511.00 |
|
20/06/2014 |
MYR 18,000,000,000.00 |
MYR 8,174,392,511.00 |
|
21/05/2014 |
MYR 18,000,000,000.00 |
MYR 8,162,117,511.00 |
|
18/04/2014 |
MYR 18,000,000,000.00 |
MYR 8,157,306,224.00 |
|
17/03/2014 |
MYR 18,000,000,000.00 |
MYR 8,135,223,871.00 |
|
04/12/2013 |
MYR 18,000,000,000.00 |
MYR 8,121,235,493.00 |
|
11/10/2013 |
MYR 18,000,000,000.00 |
MYR 8,134,973,871.00 |
|
20/09/2013 |
MYR 18,000,000,000.00 |
MYR 8,134,939,493.00 |
|
16/08/2013 |
MYR 18,000,000,000.00 |
MYR 8,133,939,493.00 |
|
15/02/2013 |
MYR 18,000,000,000.00 |
MYR 7,999,207,491.00 |
The major shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
PULAU MEMUTIK VENTURES SDN. BHD. |
MALAYSIA |
887202X |
3,580,570,634.00 |
43.76 |
|
MBK HEALTHCARE PARTNERS LIMITED |
- |
XLZ00216627 |
1,650,000,000.00 |
20.16 |
|
CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. FOR
EMPLOYEES PROVIDENT FUND BOARD |
MALAYSIA |
267011M |
711,083,400.00 |
8.69 |
|
CITIGROUP NOMINEES (ASING) SDN BHD |
SFS-DCC MY, LEVEL 3 CAP, SQUARE TOWER, 10, JALAN
MUNSHI ABDULLAH, 50100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
263875D |
457,266,361.00 |
5.59 |
|
MEHMET ALI AYDINLAR + |
KANDILLI IDMAN SOKAK, 5, DEMIREVLER SITESI,
USKUDAR ISTANBUL, TURKEY. |
U01997566 |
173,741,000.00 |
2.12 |
|
AMANAHRAYA TRUSTEES BERHAD FOR SKIM AMANAH
SAHAM BUMIPUTERA |
PENGURUSAN KUMIPA BERHAD, KOMPLEKS
TERUNTUM, JALAN MAHKOTA, PETI SURAT 225, TINGKAT 20, 25720 KUANTAN, PAHANG,
MALAYSIA. |
766894T |
172,001,800.00 |
2.10 |
|
CITIGROUP NOMINEES (ASING) SDN.BHD. FOR
CBLDN FOR KUWAIT INVESTMENT AUTHORITY |
- |
011475 |
151,640,700.00 |
1.85 |
|
EMPLOYEES PROVIDENT FUND BOARD |
TGKT.23 BGN.KWSP, JALAN RAJA LAUT, KUALA
LUMPUR, 50350 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
EPFACT1991 |
97,733,300.00 |
1.19 |
|
CARTABAN NOMINEES (ASING) SDN. BHD. FOR GIC
PRIVATE LIMITED FOR GOVERNMENT OF SINGTAPORE |
MALAYSIA |
263367W |
97,389,200.00 |
1.19 |
|
CARTABAN NOMINEES (ASING) SDN. BHD. FOR
EXEPT AN FOR STATE STREET BANK & TRUST COMPANY |
PO BOX 13150, 50732 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
263368K |
90,261,842.00 |
1.10 |
|
HSBC NOMINEES (ASING) SDN BHD FOR A/C
EXEMPT AN FOR JPMORGAN CHASE BANK, NATIONAL ASSOCIATION @ WOON HOCK LENG |
NO. 2, LEBOH AMPANG, 50100 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
00020605 |
89,039,733.00 |
1.09 |
|
HDM NOMINEES (ASING) SDN. BHD. FOR RSS/SBL
FOR DEUTSCHE BANK AKTIENGESELLSCHAFT |
- |
011476 |
69,467,500.00 |
0.85 |
|
PERMODALAN NASIONAL BHD. |
INVESTMENT PROCESSING DEPT, 23RD. FLOOR,
MENARA PNB, 201-A, JALAN TUN RAZAK, 50400 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
38218X |
19,346,100.00 |
0.24 |
|
MAYBANK NOMINEES (TEMPATAN) SDN. BHD. |
MENARA MAYBANK, 100, JALAN TUN PERAK, 14TH
FLOOR, 50050 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
258939H |
18,783,800.00 |
0.23 |
|
DR TAN SEE LENG + |
16, SIGLAP PLAIN, 456005, SINGAPORE. |
E3576314E |
14,000,000.00 |
0.17 |
|
CIMSEC NOMINEES (TEMPATAN) SDN. BHD. |
COMMERCE SQUARE, JALAN SEMANTAN, DAMANSARA
HEIGHTS, 9TH FLOOR, 50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
265449P |
10,295,503.00 |
0.13 |
|
DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN
BERHAD |
B02 IDAMAN SUTERA CONDO, MEDAN IDAMAN,
53100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
66878U |
7,832,500.00 |
0.10 |
|
CIMSEC NOMINEES (ASING) SDN. BHD. |
9TH FLOOR, COMMERCE SQUARE, JALAN SEMANTAN,
DAMANSARA HEIGHTS, 50490 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
265422M |
6,219,000.00 |
0.08 |
|
HLB NOMINEES (TEMPATAN) SDN. BHD. |
PO BOX 10326, 50710 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
47697U |
5,315,500.00 |
0.06 |
|
MALAYSIA NOMINEES (TEMPATAN) SENDIRIAN
BERHAD |
MALAYSIA |
6193K |
4,031,000.00 |
0.05 |
|
TAN SRI DATO' DR ABU BAKAR BIN SULEIMAN . + |
14, JALAN 5/21, 46000 PETALING JAYA,
SELANGOR, MALAYSIA. |
440204-01-5343 5083232 |
2,760,000.00 |
0.03 |
|
PERTUBUHAN KESELAMATAN SOSIAL |
MENARA PERKESO, 281 JALAN AMPANG, LEVEL 12,
50538 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
00005339 |
2,300,000.00 |
0.03 |
|
AMSEC NOMINEES (TEMPATAN) SDN. BHD. |
BANGUNAN ARAB MALAYSIAN, 55, JALAN RAJA
CHULAN, 15TH FLOOR, KUALA LUMPUR, MALAYSIA. |
102918T |
1,853,300.00 |
0.02 |
|
HLB NOMINEES (ASING) SDN. BHD. |
MALAYSIA |
254745H |
1,713,000.00 |
0.02 |
|
MS. SEOW CHING VOON |
NO. 37, JALAN DU 4/3, TAMAN DAMAI UTAMA,
47180 PUCHONG, SELANGOR, MALAYSIA. |
760527-08-5824 A3401068 |
5,000.00 |
0.00 |
|
REMAINING SHAREHOLDERS |
- |
- |
748,127,733.00 |
9.14 |
|
|
|
|
--------------- |
------ |
|
|
|
|
8,182,777,906.00 |
100.00 |
|
|
|
|
============ |
===== |
+ Also Director
The Subject's interest in other companies (Subsidiaries/Associates) are
shown as follow :
Local No |
Country |
Company |
(%) |
As At |
|
738984W |
MALAYSIA |
IMU HEALTH SDN. BHD. |
100.00 |
26/11/2014 |
|
|
|
|
|
|
|
972593U |
MALAYSIA |
INTEGRATED HEALTHCARE CAPITAL SDN. BHD. |
100.00 |
26/11/2014 |
|
|
|
|
|
|
DIRECTOR 1
|
Name Of Subject |
: |
SHIRISH MORESHWAR APTE |
|
Address |
: |
UNIT 06-08, SHANGRI-LA, APARTMENTS, 1,
ANDERSON ROAD, 259983 |
|
IC / PP No |
: |
503070498 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
BRITISH |
|
Date of Appointment |
: |
03/09/2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 2
|
Name Of Subject |
: |
SATOSHI TANAKA |
|
Address |
: |
2-18-14-306, TAMAGAWADAI, SETAGAYA-KU,
TOKYO, JAPAN. |
|
IC / PP No |
: |
TH2003603 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
JAPANESE |
|
Date of Appointment |
: |
16/05/2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 3
|
Name Of Subject |
: |
MS. ROSSANA ANNIZAH BINTI AHMAD RASHID @
MOHD RASHIDI |
|
Address |
: |
6, JALAN TIJANI, TIJANI, BUKIT TUNKU, 50480
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A24343643 |
|
New IC No |
: |
650813-10-7476 |
|
Date of Birth |
: |
13/08/1965 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
17/04/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 4
|
Name Of Subject |
: |
MS. QUEK PEI LYNN |
|
Address |
: |
16-1, THE CAPSQUARE RESIDENCES, PERSIARAN
CAPSQUARE, 50100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A27318191 |
|
New IC No |
: |
720405-01-5426 |
|
Date of Birth |
: |
05/04/1972 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
25/10/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 5
|
Name Of Subject |
: |
DATO' MOHAMMED AZLAN BIN HASHIM |
|
Address |
: |
17, LORONG SETIABUDI, BUKIT DAMANSARA, 50490
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
5291359 |
|
New IC No |
: |
570207-71-5527 |
|
Date of Birth |
: |
07/02/1957 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN MALAY |
|
Date of Appointment |
: |
30/03/2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 6
|
Name Of Subject |
: |
KUOK KHOON EAN |
|
Address |
: |
6A, QUEEN ASTRID PARK, 266797, SINGAPORE. |
|
IC / PP No |
: |
E4779514N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of Appointment |
: |
17/04/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 7
|
Name Of Subject |
: |
KAICHI YOKOYAMA |
|
Address |
: |
4-10-3, SEIJO, SETAGAYA-KU, TOKYO, JAPAN. |
|
IC / PP No |
: |
TH9780956 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
JAPANESE |
|
Date of Appointment |
: |
16/04/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 8
|
Name Of Subject |
: |
CHANG SEE HIANG |
|
Address |
: |
80, KIM SENG ROAD, 30-07, 239426,
SINGAPORE. |
|
IC / PP No |
: |
E2638769F |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nationality |
: |
CHINESE |
|
Date of Appointment |
: |
05/04/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 9
|
Name Of Subject |
: |
TENGKU DATO' SRI AZMIL ZAHRUDDIN BIN RAJA
ABDUL AZIZ |
|
Address |
: |
36, JALAN SETIARAYA, BUKIT DAMANSARA, 50490
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A1111222 |
|
New IC No |
: |
700828-11-5279 |
|
Date of Birth |
: |
28/08/1970 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
25/10/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 10
|
Name Of Subject |
: |
TAN SRI DATO' DR ABU BAKAR BIN SULEIMAN . |
|
Address |
: |
14, JALAN 5/21, 46000 PETALING JAYA,
SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
5083232 |
|
New IC No |
: |
440204-01-5343 |
|
Date of Birth |
: |
04/02/1944 |
|
|
|
|
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
30/03/2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 11
|
Name Of Subject |
: |
DR TAN SEE LENG |
|
Address |
: |
16, SIGLAP PLAIN, 456005, SINGAPORE. |
|
IC / PP No |
: |
E3576314E |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of Appointment |
: |
05/04/2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DIRECTOR 12
|
Name Of Subject |
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MEHMET ALI AYDINLAR |
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Address |
: |
KANDILLI IDMAN SOKAK, 5, DEMIREVLER SITESI,
USKUDAR ISTANBUL, TURKEY. |
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IC / PP No |
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U01997566 |
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Nationality |
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TURK |
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Date of Appointment |
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24/01/2012 |
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1) |
Name of Subject |
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TAN SEE LENG |
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Position |
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CEO |
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Auditor |
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MESSRS KPMG |
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Auditor' Address |
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KPMG TOWER,, 8, FIRST AVENUE, BANDAR UTAMA,
LEVEL 10, 47800 PETALING JAYA, SELANGOR, MALAYSIA. |
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1) |
Company Secretary |
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MS. SEOW CHING VOON |
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IC / PP No |
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A3401068 |
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New IC No |
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760527-08-5824 |
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Address |
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NO. 37, JALAN DU 4/3, TAMAN DAMAI UTAMA,
47180 PUCHONG, SELANGOR, MALAYSIA. |
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2) |
Company Secretary |
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MS. MICHELE KYTHE LIM BENG SZE |
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IC / PP No |
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A0832158 |
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New IC No |
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670729-10-6196 |
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Address |
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APARTMENT B26-01, KIARAMAS SUTERA
CONDOMINIUM, 7 JALAN DESA KIARA, 50480 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
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Banking relations are maintained principally with :
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1) |
Name |
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MALAYAN BANKING BHD |
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No encumbrance was found in our databank at the time of investigation.
* A check has been conducted in our databank againt the Subject whether the Subject
has been involved in any litigation. Our databank consists of 99% of the wound
up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
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SOURCES OF RAW MATERIALS: |
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Local |
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N/A |
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Overseas |
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N/A |
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The Subject is a service provider.
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 :
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OVERALL PAYMENT HABIT |
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Prompt 0-30 Days |
[ |
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Good 31-60 Days |
[ |
X |
] |
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Average 61-90 Days |
[ |
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Fair 91-120 Days |
[ |
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] |
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Poor >120 Days |
[ |
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] |
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Local |
: |
YES |
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Domestic Markets |
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MALAYSIA |
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Overseas |
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YES |
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Export Market |
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ASIA |
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Credit Term |
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N/A |
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Payment Mode |
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CHEQUES |
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Services |
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OPERATION OF HOSPITALS, INVESTMENT HOLDING
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Total Number of Employees: |
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YEAR |
2015 |
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COMPANY |
n/a |
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Branch |
: |
NO
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Other Information:
The Subject is principally engaged in the (as a / as an) operation of
hospitals, investment holding.
IHH Healthcare Berhad ("IHH or the Group") is a leading international
provider of premium healthcare services in markets where the demand for quality
healthcare is growing rapidly – specifically in Asia and Central & Eastern
Europe, the Middle East and North Africa ("CEEMENA").
The Group is the world's second-largest listed healthcare operator by market
capitalisation and are today the leading player in our home markets of
Singapore, Malaysia and Turkey, and the key markets of the People's Republic of
China ("China"), Hong Kong and India. We are also present in Brunei,
Vietnam, United Arab Emirates ("the UAE"), Macedonia and Iraq.
The Group's business units operate over 6,000 licensed beds in 37 hospitals as
well as medical centres, clinics and ancillary healthcare businesses across ten
countries, with over 3,000 new beds in the pipeline to be delivered through new
hospital developments and expansion of existing facilities.
Latest fresh investigations carried out on
the Subject indicated that :
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Telephone Number Provided By Client |
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603 2272 1718 |
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Current Telephone Number |
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03-22721718/22989898 |
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Match |
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NO |
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Address Provided by Client |
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LEVEL 28, MERCU UEM JALAN STESEN SENTRAL 5
KUALA LUMPUR SENTRAL 50470 KUALA LUNPUR, WILAYAH PERSEKUTUAN |
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Current Address |
: |
LEVEL 11, BLOCK A, PANTAI HOSPITAL KUALA
LUMPUR, 8 JALAN BUKIT PANTAI, 59100 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
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Match |
: |
NO |
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Latest Financial Accounts |
: |
YES |
Other Investigations
On 28th January 2015 we contacted one of the staff from the Subject and she
provided some information.
The Subject had shifted from the address provided.
The Subject refused to disclose its number of employees.
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Profitability |
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Turnover |
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Erratic |
[ |
2010 - 2013 |
] |
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Profit/(Loss) Before Tax |
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Decreased |
[ |
2010 - 2013 |
] |
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Return on Shareholder Funds |
: |
Unfavourable |
[ |
3.14% |
] |
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Return on Net Assets |
: |
Unfavourable |
[ |
4.74% |
] |
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The fluctuating turnover reflects the
fierce competition among the existing and new market players.The dip in
profit could be due to the stiff market competition which reduced the Subject's
profit margin. The unfavourable return on shareholders' funds could indicate
that the Subject was inefficient in utilising its assets to generate returns. |
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Working Capital Control |
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Stock Ratio |
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Favourable |
[ |
8 Days |
] |
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Debtor Ratio |
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Favourable |
[ |
41 Days |
] |
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Creditors Ratio |
: |
Favourable |
[ |
29 Days |
] |
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The Subject's stocks were moving fast thus reducing
its holding cost. This had reduced funds being tied up in stocks. The
favourable debtors' days could be due to the good credit control measures
implemented by the Subject. The Subject had a favourable creditors' ratio
where the Subject could be taking advantage of the cash discounts and also
wanting to maintain goodwill with its creditors. |
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Liquidity |
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Liquid Ratio |
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Favourable |
[ |
1.76 Times |
] |
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Current Ratio |
: |
Unfavourable |
[ |
1.85 Times |
] |
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A minimum liquid ratio of 1 should be
maintained by the Subject in order to assure its creditors of its ability to
meet short term obligations and the Subject was in a good liquidity position.
Thus, we believe the Subject is able to meet all its short term obligations
as and when they fall due. |
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Solvency |
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Interest Cover |
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Acceptable |
[ |
3.66 Times |
] |
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Gearing Ratio |
: |
Favourable |
[ |
0.23 Times |
] |
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The Subject's interest cover was slightly
low. If there is no sharp fall in its profit or sudden increase in the
interest rates, we believe the Subject is able to generate sufficient income to
service its interest and repay the loans. 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. |
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Overall Assessment : |
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The Subject recorded lower profits as its turnover
showed a erratic trend. The Subject's management was unable to control its
costs efficiently as its profit showed a downward trend. The Subject was in
good liquidity position with its total current liabilities well covered by
its total current assets. With its current net assets, the Subject should be
able to repay its short term obligations. The Subject had an acceptable
interest cover. If there is no sudden sharp increase in interest rate or fall
in the Subject's profit, we do believe the Subject is able to generate
sufficient cash flow to service its interest payment. 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. |
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Overall financial condition of the Subject
: FAIR |
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Major Economic Indicators: |
2011 |
2012 |
2013 |
2014* |
2015** |
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Population ( Million) |
28.7 |
29.3 |
29.8 |
30.3 |
30.5 |
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Gross Domestic Products ( % ) |
5.1 |
5.6 |
5.3 |
6.0 |
6.0 |
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Domestic Demand ( % ) |
8.2 |
9.4 |
5.6 |
6.4 |
6.2 |
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Private Expenditure ( % ) |
8.2 |
8.0 |
8.6 |
7.9 |
6.9 |
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Consumption ( % ) |
7.1 |
1.0 |
5.7 |
6.5 |
5.6 |
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Investment ( % ) |
12.2 |
11.7 |
13.3 |
12.0 |
10.7 |
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Public Expenditure ( % ) |
8.4 |
13.3 |
4.4 |
2.3 |
4.2 |
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Consumption ( % ) |
16.1 |
11.3 |
(1.2) |
2.1 |
3.8 |
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Investment ( % ) |
(0.3) |
15.9 |
4.2 |
2.6 |
4.7 |
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Balance of Trade ( MYR Million ) |
116,058 |
106,300 |
71,298 |
52,314 |
- |
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Government Finance ( MYR Million ) |
(45,511) |
(42,297) |
(39,993) |
(37,291) |
- |
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Government Finance to GDP / Fiscal Deficit
( % ) |
(5.4) |
(4.5) |
(4.0) |
(3.5) |
(3.0) |
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Inflation ( % Change in Composite CPI) |
3.1 |
1.6 |
2.5 |
3.3 |
4.0 |
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Unemployment Rate |
3.3 |
3.2 |
3.0 |
3.0 |
3.0 |
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Net International Reserves ( MYR Billion ) |
415 |
427 |
- |
417 |
- |
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Average Risk-Weighted Capital Adequacy Ratio
( % ) |
3.50 |
2.20 |
- |
- |
- |
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Average 3 Months of Non-performing Loans (
% ) |
14.80 |
14.70 |
- |
- |
- |
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Average Base Lending Rate ( % ) |
6.60 |
6.53 |
6.53 |
- |
- |
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Business Loans Disbursed( % ) |
15.3 |
32.2 |
- |
- |
- |
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Foreign Investment ( MYR Million ) |
23,546.1 |
26,230.4 |
38,238.0 |
- |
- |
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Consumer Loans ( % ) |
- |
- |
- |
- |
- |
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Registration of New Companies ( No. ) |
45,455 |
45,441 |
46,321 |
- |
- |
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Registration of New Companies ( % ) |
3.0 |
(0.0) |
1.9 |
- |
- |
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Liquidation of Companies ( No. ) |
132,485 |
17,092 |
26,430 |
- |
- |
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Liquidation of Companies ( % ) |
417.8 |
(87.1) |
54.6 |
- |
- |
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Registration of New Business ( No. ) |
284,598 |
324,761 |
329,895 |
- |
- |
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Registration of New Business ( % ) |
5.0 |
14.0 |
2.0 |
- |
- |
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Business Dissolved ( No. ) |
20,121 |
20,380 |
18,161 |
- |
- |
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Business Dissolved ( % ) |
1.9 |
1.3 |
(10.9) |
- |
- |
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Sales of New Passenger Cars (' 000 Unit ) |
535.1 |
552.2 |
576.7 |
598.4 |
610.3 |
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Cellular Phone Subscribers ( Million ) |
35.3 |
38.5 |
43.0 |
43.8 |
- |
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Tourist Arrival ( Million Persons ) |
24.7 |
25.0 |
25.7 |
28.0 |
- |
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Hotel Occupancy Rate ( % ) |
60.6 |
62.4 |
62.6 |
- |
- |
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Credit Cards Spending ( % ) |
15.6 |
12.6 |
- |
- |
- |
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Bad Cheque Offenders (No.) |
32,627 |
26,982 |
28,876 |
- |
- |
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Individual Bankruptcy ( No.) |
19,167 |
19,575 |
21,984 |
- |
- |
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Individual Bankruptcy ( % ) |
5.8 |
2.1 |
12.3 |
- |
- |
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INDUSTRIES ( % of Growth ): |
2011 |
2012 |
2013 |
2014* |
2015** |
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Agriculture |
5.8 |
1.0 |
2.1 |
3.8 |
3.1 |
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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) |
- |
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Fishing |
2.1 |
4.3 |
1.6 |
2.7 |
- |
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Other Agriculture |
7.1 |
6.4 |
8.2 |
6.2 |
- |
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Industry Non-Performing Loans ( MYR Million
) |
634.1 |
- |
- |
- |
- |
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% of Industry Non-Performing Loans |
3.2 |
- |
- |
- |
- |
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Mining |
(5.4) |
1.4 |
0.9 |
(0.8) |
2.8 |
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Oil & Gas |
(1.7) |
- |
- |
- |
- |
|
Other Mining |
- |
- |
- |
- |
- |
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Industry Non-performing Loans ( MYR Million
) |
46.5 |
- |
- |
- |
- |
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% of Industry Non-performing Loans |
0.1 |
- |
- |
- |
- |
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Manufacturing # |
4.7 |
4.8 |
3.4 |
6.6 |
5.5 |
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Exported-oriented Industries |
4.1 |
6.5 |
3.3 |
5.6 |
- |
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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 |
- |
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Domestic-oriented Industries |
10.7 |
1.7 |
6.8 |
9.4 |
- |
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Food, Beverages & Tobacco |
4.80 |
2.70 |
3.60 |
6.13 |
6.13 |
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Chemical & Chemical Products |
10.0 |
10.8 |
5.6 |
- |
- |
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Plastic Products |
3.8 |
- |
- |
- |
- |
|
Iron & Steel |
2.2 |
(6.6) |
5.0 |
0.1 |
- |
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Fabricated Metal Products |
21.8 |
13.8 |
9.9 |
2.9 |
- |
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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 |
- |
- |
- |
- |
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% of Industry Non-Performing Loans |
25.7 |
- |
- |
- |
- |
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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 |
- |
- |
- |
- |
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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 |
- |
- |
- |
- |
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% of Industry Non-Performing Loans |
23.4 |
- |
- |
- |
- |
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* Estimate / Preliminary |
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** Forecast |
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# Based On Manufacturing Production
Index |
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MSIC CODE |
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86101 : Hospital activities |
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64200 : Activities of investment holding
companies |
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INDUSTRY : |
ECONOMY |
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In 2014, the economy is projected to grow 5.5%
- 6% (2013: 4.7%), which is higher than the initial forecast of 4.5% - 5.5%
in early 2014. Growth was supported by resilient domestic demand and
reinforced by higher exports. The faster pace of recovery, particularly in
the US, UK and selected euro area economies as well as moderate growth in the
emerging economies provided strong support to the Malaysian export oriented
industries and trade-related services. Consequently, gross exports rebounded
strongly by 10.7% during the first seven months of 2014 from a contraction of
2.8% in the corresponding period in 2013. Furthermore, the economy growth of
Malaysia in 2015 is expected to be 5%-6% driven by improving external demand,
resilient domestic economic activity, and government infra- structure projects.
The spillover and multiplier effect from government spending is crucial for
economic growth in the country. The government also aims to boost the economy
by increasing job opportunities and drive supporting industries. |
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Meanwhile, the Malaysian economy has
benefited from several initiatives and reforms taken over the years to
enhance its resilience and competitiveness. The nation's strengths include:
strong macroeconomic fundamentals such as a diversified economy, low
unemployment, strong international reserves, growing role of the private
sector, and a healthy financial system to support economic activity. |
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On the demand side, growth will be
reinforced by resilient consumer spending, strong private investment activity
and improving global demand. The domestic demand is expected to expand in
2015 at a moderate pace, underpinned by higher investment and sustained
consumption spending. Private investment is expected to remain strong
supported by increasing domestic activity, a favorable external sector, and
ongoing projects under the Economic Transformation Programme (ETP). Private
consumption is, however, expected to moderate below its long-term average,
but will continue to support growth. Household spending is expected to
moderate amid higher inflation following the implementation of GST.
Nonetheless, the impact of higher inflation on consumption is expected to be
temporary and will eventually taper off after a few months of the GST
implementation. |
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On the supply side, all economic sectors
are expected to record positive in 2015, with the services and manufacturing
sectors remaining the major contribution to growth. The service sector is
projected to grow by 5.6% with all subsectors recording expansion such as wholesale
trade, transport and storage, retail trade as well as accommodation and
restaurants. The manufacturing sector is expected to grow 5.5% boosted by
strong domestic and export-oriented industries. Meanwhile, the
export-oriented industries, particularly the E&E subsector will benefit
from the improvement in external conditions in line with improving global
growth. The agriculture sector is expected to grow 3.1% by recording higher
commodity production and increase output of food commodities, while the construction
sector is expected to grow 10.7% driven by robust activity in the civil
engineering projects in the O&G sector, residential and non-residential
buildings. The mining sector is expected to grow 2.8% backed by the increase
in production of natural gas and crude oil following capacity enhancement and
new production facilities. |
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Moreover, in 2014, boosted by strong
external demand for manufactured products and stable commodity prices,
exports are expected to grow 6%. Import growth will remain resilient at 4.3%
supported by continued expansion in manufacturing, investment and consumption
activities. Meanwhile, higher remittances by foreign workers in Malaysia will
see a marginally higher deficit in the secondary income account due to the
full implementation of the Minimum Wage Policy effective from January 2014.
Furthermore, Malaysia's external position is expected to remain strong in
2015 with improve prospects for external environment, upturn in global
semiconductor sales, as well as resilient domestic and regional demand. Gross
exports are expected to increase 3.2% spurred by higher demand for
manufactured products, in particular E&E, and steady demand for
commodities. Gross import are, however, projected to grow at a faster pace of
5.3% boosted by higher demand for intermediate inputs and broad-based capital
spending, particularly in the manufacturing and services sectors as well as
ongoing implementation of infrastructure projects. Higher investment activity
across major sectors by the Non-Financial Public Enterprises (NFPEs) is also
expected to contribute to import growth. |
|
|
|
|
|
In 2015, inflation is expected to increase
4-5%, largely due to the implementation of Goods and Services Tax (GST),
spillover effect of fuel subsidy reduction, and electricity tariff hike in
January 2014. This inflation expectation further heightens the possibility of
more Overnight Policy Rate (OPR) hikes, following the 25 basis points hike in
July 2014. Given the subdued external cost pressure, domestic cost remains
the major factor that drives inflation in 2015. The implementation of the GST
will have a transitory impact on the cost of goods and services. However, the
strong capacity expansion over the past years will help to mitigate the cost
pressures, while a more cautious stance of consumers would also contribute to
moderating demand and hence prevent inflation from becoming more entrenched. |
|
|
|
|
|
On the other hand, Gross National Income
(GNI) in 2015 is expected to expand further by 9.4% (2014: 10.2%) following
continued growth in the domestic economy. With total consumption spending in
nominal terms expected to increase 9.2%, the Gross National Savings (GNS) is
projected to expand 9.8% (2014: 14.5%). Consequently, the share of GNS and
GNI is expected to increase to 32.5% (2014: 32.4%). However, in line with the
better economic growth, national income as measured by the nominal GNI, is
estimated to expand 10.2% to RM1,049.5 billion in 2014, surpassing for the
first time, the RM1-trillion mark. Other than that, nominal GNI per capita is
expected to increase 8.1% to RM37,486 in 2015 (2014: 8.9%, RM34,682). In
terms of Purchasing Power Parity (PPP), per capital income is expected to
increase 2.4% to USD 23,512 in 2015 (2014: 2.2%, USD 22,958). |
|
|
|
|
|
Under budget 2015, the government targets
to bring down the budget deficit to -3% of GDP by 2015. The initiations of
subsidy rationalization and Goods and Services Tax (GST) in April 2015 are crucial
steps towards fiscal consolidation. |
|
|
|
|
|
OVERALL INDUSTRY OUTLOOK : Marginal Growth |
|
|
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
Financial Year End |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Months |
12 |
12 |
12 |
8 |
|
Consolidated Account |
GROUP |
GROUP |
GROUP |
GROUP |
|
Audited Account |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
|
|
|
|
|
|
|
TURNOVER |
6,756,451,000 |
6,962,466,000 |
3,328,849,000 |
1,299,408,677 |
|
Other Income |
- |
- |
- |
20,912,755 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
Total Turnover |
6,756,451,000 |
6,962,466,000 |
3,328,849,000 |
1,320,321,432 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
|
|
|
|
PROFIT/(LOSS) FROM OPERATIONS |
877,591,000 |
1,057,188,000 |
403,168,000 |
51,082,071,000 |
|
SHARE OF PROFITS/(LOSSES) OF ASSOCIATED
COMPANIES |
(1,793,000) |
771,000 |
79,937,000 |
26,897,688,000 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE TAXATION |
875,798,000 |
1,057,959,000 |
483,105,000 |
77,979,759 |
|
Taxation |
(147,703,000) |
(198,333,000) |
(95,428,000) |
(41,401,449) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) AFTER TAXATION |
728,095,000 |
859,626,000 |
387,677,000 |
36,578,310 |
|
Minority interests |
(102,700,000) |
(108,828,000) |
(14,214,000) |
(16,026,000) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
625,395,000 |
750,798,000 |
373,463,000 |
20,552,310 |
|
Extraordinary items |
2,535,000 |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
627,930,000 |
750,798,000 |
373,463,000 |
20,552,310 |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|
|
|
|
|
As previously reported |
1,062,330,000 |
300,174,000 |
20,552,310 |
- |
|
Prior year adjustment |
- |
16,318,000 |
(20,262,310) |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
As restated |
1,062,330,000 |
316,492,000 |
290,000 |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
1,690,260,000 |
1,067,290,000 |
373,753,000 |
20,552,310 |
|
TRANSFER TO RESERVES - General |
(8,117,000) |
(4,960,000) |
(73,579,000) |
- |
|
CAPITALISATION FOR BONUS ISSUES |
(3,229,000) |
- |
- |
- |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
1,678,914,000 |
1,062,330,000 |
300,174,000 |
20,552,310 |
|
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
|
|
|
Bank overdraft |
- |
- |
0 |
559,000 |
|
Hire purchase |
- |
0 |
- |
1,613,862 |
|
Lease interest |
- |
- |
1,284,000 |
- |
|
Revolving loans |
189,807,000 |
- |
- |
723,000 |
|
Term loan / Borrowing |
117,045,000 |
180,266,000 |
82,609,000 |
78,175,004 |
|
Others |
21,861,000 |
41,943,000 |
22,527,000 |
2,386,003 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
328,713,000 |
222,209,000 |
106,420,000 |
83,456,869 |
|
|
============= |
============= |
============= |
============= |
|
ASSETS EMPLOYED: |
|
|
|
|
|
FIXED ASSETS |
9,365,720,000 |
8,503,359,000 |
4,726,753,000 |
4,082,682,385 |
|
|
|
|
|
|
|
Associated companies |
4,497,000 |
6,116,000 |
862,273,000 |
507,889,536 |
|
Investment properties |
1,922,721,000 |
1,775,054,000 |
- |
- |
|
Fidelity fund |
- |
- |
- |
0 |
|
Statutory deposits with Bank Negara |
- |
- |
0 |
0 |
|
Deferred assets |
77,567,000 |
61,160,000 |
24,279,000 |
28,308,077 |
|
Others |
980,367,000 |
873,128,000 |
557,890,000 |
57,295,186 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
2,985,152,000 |
2,715,458,000 |
1,444,442,000 |
593,492,799 |
|
|
|
|
|
|
|
Goodwill on consolidation |
8,881,234,000 |
8,853,527,000 |
6,415,976,000 |
7,758,409,768 |
|
Concession rights |
- |
- |
- |
72,302,000 |
|
Master Franchise Rights |
- |
- |
0 |
- |
|
Others |
2,628,126,000 |
2,837,717,000 |
1,618,598,000 |
143,018,045 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL INTANGIBLE ASSETS |
11,509,360,000 |
11,691,244,000 |
8,034,574,000 |
7,973,729,813 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM ASSETS |
23,860,232,000 |
22,910,061,000 |
14,205,769,000 |
12,649,904,997 |
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
CA Development properties/expenditure |
- |
- |
1,121,195,000 |
671,409,549 |
|
Stocks |
152,991,000 |
136,928,000 |
78,784,000 |
74,968,032 |
|
Trade debtors |
762,259,000 |
709,937,000 |
465,108,000 |
439,433,460 |
|
Other debtors, deposits & prepayments |
124,109,000 |
104,900,000 |
51,004,000 |
44,185,024 |
|
Short term deposits |
1,544,312,000 |
1,086,923,000 |
895,399,000 |
- |
|
Interest receivable |
1,972,000 |
1,086,000 |
2,384,000 |
1,589,164 |
|
Amount due from related companies |
113,812,000 |
64,998,000 |
- |
- |
|
Cash & bank balances |
600,515,000 |
535,722,000 |
415,404,000 |
1,209,464,913 |
|
Others |
101,077,000 |
97,786,000 |
48,951,000 |
12,095,148 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
3,401,047,000 |
2,738,280,000 |
3,078,229,000 |
2,453,145,290 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL ASSET |
27,261,279,000 |
25,648,341,000 |
17,283,998,000 |
15,103,050,287 |
|
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
Trade creditors |
542,140,000 |
468,799,000 |
381,934,000 |
535,836,486 |
|
Other creditors & accruals |
616,546,000 |
738,693,000 |
462,393,000 |
- |
|
Hire purchase & lease creditors |
59,152,000 |
57,599,000 |
- |
126,292,867 |
|
Bank overdraft |
- |
974,000 |
- |
10,549,000 |
|
Short term borrowings/Term loans |
231,883,000 |
276,141,000 |
- |
135,682,392 |
|
Other borrowings |
- |
- |
- |
17,800,000 |
|
Deposits from customers |
105,132,000 |
89,308,000 |
- |
15,709,586 |
|
Interest payable |
12,180,000 |
15,104,000 |
5,024,000 |
37,923,643 |
|
Amounts owing to holding company |
- |
- |
- |
4,150,079,369 |
|
Amounts owing to subsidiary companies |
- |
- |
- |
50,653,430 |
|
Amounts owing to related companies |
55,177,000 |
31,581,000 |
49,131,000 |
- |
|
Provision for taxation |
178,895,000 |
174,951,000 |
118,703,000 |
113,816,880 |
|
Other liabilities |
42,049,000 |
47,892,000 |
60,410,000 |
116,991,932 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
1,843,154,000 |
1,901,042,000 |
1,077,595,000 |
5,311,335,585 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
NET CURRENT ASSETS/(LIABILITIES) |
1,557,893,000 |
837,238,000 |
2,000,634,000 |
(2,858,190,295) |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL NET ASSETS |
25,418,125,000 |
23,747,299,000 |
16,206,403,000 |
9,791,714,702 |
|
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
SHARE CAPITAL |
|
|
|
|
|
Ordinary share capital |
8,134,974,000 |
8,055,445,000 |
5,500,000,000 |
2,782,410,290 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL SHARE CAPITAL |
8,134,974,000 |
8,055,445,000 |
5,500,000,000 |
2,782,410,290 |
|
|
|
|
|
|
|
RESERVES |
|
|
|
|
|
Share premium |
7,992,299,000 |
7,890,224,000 |
3,885,803,000 |
- |
|
Capital reserve |
- |
- |
14,009,000 |
- |
|
Revaluation reserve |
205,000 |
- |
- |
- |
|
Exchange equalisation/fluctuation reserve |
293,383,000 |
143,075,000 |
35,621,000 |
- |
|
General reserve |
232,232,000 |
193,726,000 |
- |
- |
|
Retained profit/(loss) carried forward |
1,678,914,000 |
1,062,330,000 |
300,174,000 |
20,552,310 |
|
Capital redemption reserve |
(293,386,000) |
(246,610,000) |
- |
- |
|
Employee share option reserve |
33,295,000 |
32,810,000 |
- |
- |
|
Others |
3,229,000 |
- |
762,663,000 |
60,009,422 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL RESERVES |
9,940,171,000 |
9,075,555,000 |
4,998,270,000 |
80,561,732 |
|
|
|
|
|
|
|
MINORITY INTEREST |
1,847,802,000 |
2,044,763,000 |
246,618,000 |
231,169,277 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
SHAREHOLDERS' FUNDS/EQUITY |
19,922,947,000 |
19,175,763,000 |
10,744,888,000 |
3,094,141,299 |
|
|
|
|
|
|
|
Long term loans |
4,009,437,000 |
3,310,061,000 |
4,964,996,000 |
6,041,794,480 |
|
Other long term borrowings |
- |
- |
- |
477,440,000 |
|
Lease obligations |
160,809,000 |
191,269,000 |
26,268,000 |
16,373,567 |
|
Deferred taxation |
935,103,000 |
967,919,000 |
446,127,000 |
118,361,382 |
|
Retirement benefits provision |
23,144,000 |
21,205,000 |
15,544,000 |
5,682,000 |
|
General insurance funds |
- |
- |
0 |
- |
|
Others |
366,685,000 |
81,082,000 |
8,580,000 |
37,921,974 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
5,495,178,000 |
4,571,536,000 |
5,461,515,000 |
6,697,573,403 |
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
25,418,125,000 |
23,747,299,000 |
16,206,403,000 |
9,791,714,702 |
|
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
TYPES OF FUNDS |
|
|
|
|
|
Cash |
2,144,827,000 |
1,622,645,000 |
1,310,803,000 |
1,209,464,913 |
|
Net Liquid Funds |
2,144,827,000 |
1,621,671,000 |
1,310,803,000 |
1,198,915,913 |
|
Net Liquid Assets |
1,404,902,000 |
700,310,000 |
1,921,850,000 |
(2,933,158,327) |
|
Net Current Assets/(Liabilities) |
1,557,893,000 |
837,238,000 |
2,000,634,000 |
(2,858,190,295) |
|
Net Tangible Assets |
13,908,765,000 |
12,056,055,000 |
8,171,829,000 |
1,817,984,889 |
|
Net Monetary Assets |
(4,090,276,000) |
(3,871,226,000) |
(3,539,665,000) |
(9,630,731,730) |
|
BALANCE SHEET ITEMS |
|
|
|
|
|
Total Borrowings |
4,651,088,000 |
3,836,044,000 |
4,991,264,000 |
6,826,655,306 |
|
Total Liabilities |
7,338,332,000 |
6,472,578,000 |
6,539,110,000 |
12,008,908,988 |
|
Total Assets |
27,261,279,000 |
25,648,341,000 |
17,283,998,000 |
15,103,050,287 |
|
Net Assets |
25,418,125,000 |
23,747,299,000 |
16,206,403,000 |
9,791,714,702 |
|
Net Assets Backing |
19,922,947,000 |
19,175,763,000 |
10,744,888,000 |
3,094,141,299 |
|
Shareholders' Funds |
19,922,947,000 |
19,175,763,000 |
10,744,888,000 |
3,094,141,299 |
|
Total Share Capital |
8,134,974,000 |
8,055,445,000 |
5,500,000,000 |
2,782,410,290 |
|
Total Reserves |
9,940,171,000 |
9,075,555,000 |
4,998,270,000 |
80,561,732 |
|
LIQUIDITY (Times) |
|
|
|
|
|
Cash Ratio |
1.16 |
0.85 |
1.22 |
0.23 |
|
Liquid Ratio |
1.76 |
1.37 |
2.78 |
0.45 |
|
Current Ratio |
1.85 |
1.44 |
2.86 |
0.46 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
|
|
|
Stock Ratio |
8 |
7 |
9 |
21 |
|
Debtors Ratio |
41 |
37 |
51 |
123 |
|
Creditors Ratio |
29 |
25 |
42 |
151 |
|
SOLVENCY RATIOS (Times) |
|
|
|
|
|
Gearing Ratio |
0.23 |
0.20 |
0.46 |
2.21 |
|
Liabilities Ratio |
0.37 |
0.34 |
0.61 |
3.88 |
|
Times Interest Earned Ratio |
3.66 |
5.76 |
5.54 |
1.93 |
|
Assets Backing Ratio |
1.71 |
1.50 |
1.49 |
0.65 |
|
PERFORMANCE RATIO (%) |
|
|
|
|
|
Operating Profit Margin |
12.96 |
15.20 |
14.51 |
6.00 |
|
Net Profit Margin |
9.26 |
10.78 |
11.22 |
1.58 |
|
Return On Net Assets |
4.74 |
5.39 |
3.64 |
1.65 |
|
Return On Capital Employed |
3.09 |
3.41 |
2.41 |
0.89 |
|
Return On Shareholders' Funds/Equity |
3.14 |
3.92 |
3.48 |
0.66 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
0.00 |
0.00 |
0.00 |
|
NOTES TO ACCOUNTS |
|
|
|
|
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
|
1 |
Rs.93.12 |
|
Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.