|
Report No. : |
326300 |
|
Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KPT RECYCLE SDN.
BHD. |
|
|
|
|
Registered Office : |
1.07, Pelangi Point, Lintang Pekan Baru, Tingkat Satu, 41050 Klang, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
18.07.2008 |
|
|
|
|
Com. Reg. No.: |
825991-H |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of Recycled Scrapped Metals, Papers. |
|
|
|
|
No. of Employees : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, a middle-income country, has transformed itself
since the 1970s from a producer of raw materials into an emerging multi-sector
economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve
high-income status by 2020 and to move farther up the value-added production
chain by attracting investments in Islamic finance, high technology industries,
biotechnology, and services. NAJIB's Economic Transformation Program (ETP) is a
series of projects and policy measures intended to accelerate the country's
economic growth. The government has also taken steps to liberalize some
services sub-sectors. The NAJIB administration also is continuing efforts to
boost domestic demand and reduce the economy's dependence on exports.
Nevertheless, exports - particularly of electronics, oil and gas, palm oil and
rubber - remain a significant driver of the economy. As an oil and gas
exporter, Malaysia has profited from higher world energy prices, although the
rising cost of domestic gasoline and diesel fuel, combined with sustained
budget deficits, has forced Kuala Lumpur to begin to address fiscal shortfalls,
through initial reductions in energy and sugar subsidies and the announcement
of the 2015 implementation of a 6% goods and services tax. Falling global oil
prices in the second half of 2014 have shrunk Malaysia’s current account
surplus and put downward pressure on the ringgit. 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.
Malaysia is a member of the 12-nation Trans-Pacific Partnership free trade
agreement negotiations and, with the nine other ASEAN members, will form the
ASEAN Economic Community in 2015.
|
Source
: CIA |
|
REGISTRATION
NO. |
: |
825991-H |
||||
|
COMPANY
NAME |
: |
KPT
RECYCLE SDN. BHD. |
||||
|
FORMER
NAME |
: |
N/A |
||||
|
INCORPORATION
DATE |
: |
18/07/2008 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
1.07,
PELANGI POINT, LINTANG PEKAN BARU, TINGKAT SATU, 41050 KLANG, SELANGOR,
MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
LOT
927, JALAN SELLATHEVAN, BATU 4, KAMPUNG JAWA, 40460 SHAH ALAM, SELANGOR,
MALAYSIA. |
||||
|
TEL.NO. |
: |
03-51613455 |
||||
|
FAX.NO. |
: |
03-51624309 |
||||
|
CONTACT
PERSON |
: |
LEE
TENG KEE ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
46698
|
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF RECYCLED SCRAPPED METALS, PAPERS |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
100,000.00 DIVIDED INTO |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
100,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
7,992,560 [2013] |
||||
|
NET
WORTH |
: |
MYR
1,393,045 [2013] |
||||
|
STAFF
STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
STRONG |
||||
|
PAYMENT |
: |
AVERAGE |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
MODERATE |
||||
|
CURRENCY
EXPOSURE |
: |
N/A |
||||
|
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) trading of recycled
scrapped metals, papers.
The
Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
31/03/2014 |
MYR
100,000.00 |
MYR
100,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR.
LEE TENG KEE + |
7,
JALAN SOLOK SULAM 1, TAMAN MAZNAH, 41000 KLANG, SELANGOR, MALAYSIA. |
581107-10-6293
5494139 |
51,000.00 |
51.00 |
|
MR.
LEE KUANG CHEN + |
7,
JALAN SOLOK SULAM 1, TAMAN MAZNAH, 41000 KLANG, SELANGOR, MALAYSIA. |
820616-10-5243 |
16,333.00 |
16.33 |
|
MR.
LEE CHAY CHEN + |
7,
JALAN SOLOK SULAM 1, TAMAN MAZNAH, 41000 KLANG, SELANGOR, MALAYSIA. |
850430-10-5197 |
16,333.00 |
16.33 |
|
MR.
LEE YU CHEN |
7,
JALAN SOLOK SULAM 1, TAMAN MAZNAH, KAMPUNG JAWA, 41000 KLANG, SELANGOR,
MALAYSIA. |
810131-10-5449 |
16,334.00 |
16.33 |
|
--------------- |
------ |
|||
|
100,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR
1
|
Name
Of Subject |
: |
MR.
LIM ENG LEE |
|
Address |
: |
50,
LORONG BATU UNJUR 3A, TAMAN BAYU PERDANA, 41200 KLANG, SELANGOR, MALAYSIA. |
|
IC
/ PP No |
: |
3991374 |
|
New
IC No |
: |
501105-10-5593 |
|
Date
of Birth |
: |
05/11/1950 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
21/03/2012 |
DIRECTOR
2
|
Name
Of Subject |
: |
MR.
LEE CHAY CHEN |
|
Address |
: |
7,
JALAN SOLOK SULAM 1, TAMAN MAZNAH, 41000 KLANG, SELANGOR, MALAYSIA. |
|
New
IC No |
: |
850430-10-5197 |
|
Date
of Birth |
: |
30/04/1985 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
03/02/2010 |
DIRECTOR
3
|
Name
Of Subject |
: |
MR.
LEE KUANG CHEN |
|
Address |
: |
7,
JALAN SOLOK SULAM 1, TAMAN MAZNAH, 41000 KLANG, SELANGOR, MALAYSIA. |
|
New
IC No |
: |
820616-10-5243 |
|
Date
of Birth |
: |
16/06/1982 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
21/03/2012 |
DIRECTOR
4
|
Name
Of Subject |
: |
MR.
LEE TENG KEE |
|
Address |
: |
7,
JALAN SOLOK SULAM 1, TAMAN MAZNAH, 41000 KLANG, SELANGOR, MALAYSIA. |
|
IC
/ PP No |
: |
5494139 |
|
New
IC No |
: |
581107-10-6293 |
|
Date
of Birth |
: |
07/11/1958 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
18/07/2008 |
|
1)
|
Name
of Subject |
: |
LEE
TENG KEE |
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
K.H.
KWONG & CO |
|
Auditor'
Address |
: |
15-A,
JALAN SS 15/4C, 1ST FLOOR, 47500 SUBANG JAYA, SELANGOR, MALAYSIA. |
COMPANY
SECRETARIES
|
|
1)
|
Company
Secretary |
: |
MR.
SEE YEW LEE |
|
IC
/ PP No |
: |
4380437 |
|
|
New
IC No |
: |
520807-10-5479 |
|
|
Address |
: |
222,
JALAN BESAR, SASARAN, 45800 JERAM, SELANGOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1)
|
Name |
: |
PUBLIC
BANK BHD |
ENCUMBRANCE
(S)
|
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
1 |
16/05/2012 |
FACILITY
AGREEMENT, FIRST PARTY CHARGE AND LETTER OF GUARANTEE |
PUBLIC
BANK BHD |
- |
Unsatisfied |
|
2 |
30/10/2014 |
FACILITY
AGREEMENT, FIRST PARTY CHARGE AND JOINT AND SEVERAL GUARANTEE |
PUBLIC
BANK BHD |
- |
Unsatisfied |
LITIGATION
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank againt the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
DEFAULTER
CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT
RECORD
|
|
||
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its suppliers.
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 |
[ |
] |
Average
61-90 Days |
[ |
X |
] |
|||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
RECYCLED
SCRAPPED METALS, PAPERS |
|
|
Branch |
: |
NO
|
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of recycled
scrapped metals, papers.
The Subject refused to disclose its operation.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
603
5161 3455 / 4791 |
|
Current
Telephone Number |
: |
03-51613455 |
|
Match |
: |
YES |
|
Address
Provided by Client |
: |
LOT
927 JLN SELLATHEVAN BATU 4 KG JAWA 40460 SHAH ALAM SELANGOR DARUL |
|
Current
Address |
: |
LOT
927, JALAN SELLATHEVAN, BATU 4, KAMPUNG JAWA, 40460 SHAH ALAM, SELANGOR,
MALAYSIA. |
|
Match |
: |
YES |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
We contacted one of the staff from the Subject and she provided limited
information.
She refused to disclose the number of employees.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2009
- 2013 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Increased |
[ |
2009
- 2013 |
] |
|
|
Return
on Shareholder Funds |
: |
Acceptable |
[ |
19.11% |
] |
|
|
Return
on Net Assets |
: |
Acceptable |
[ |
20.67% |
] |
|
|
The
Subject's turnover increased steadily as the demand for its products /
services increased due to the goodwill built up over the years.The Subject's
management have been efficient in controlling its operating costs. The
Subject's management had generated acceptable return for its shareholders
using its assets. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Favourable |
[ |
4
Days |
] |
|
|
Debtor
Ratio |
: |
Unfavourable |
[ |
113
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
55
Days |
] |
|
|
The
Subject's stocks were moving fast thus reducing its holding cost. This had
reduced funds being tied up in stocks. 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 |
: |
Favourable |
[ |
1.50
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
1.55
Times |
] |
|
|
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. |
||||||
|
Solvency |
||||||
|
Interest
Cover |
: |
Favourable |
[ |
13.76
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.40
Times |
] |
|
|
The
interest cover showed that the Subject was able to service the interest. The favourable
interest cover could indicate that the Subject was making enough profit to
pay for the interest accrued. 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 : |
||||||
|
Generally,
the Subject's performance has improved with higher turnover and profit. The
Subject was in good liquidity position with its total current liabilities well
covered by its total current assets. With its current net assets, the Subject
should be able to repay its short term obligations. With the favourable
interest cover, the Subject could be able to service all the accrued interest
without facing any difficulties. 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 : STRONG |
||||||
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 |
|
|
46698
: Wholesale of metal and non-metal waste and scrap and materials for
recycling |
|
|
INDUSTRY
: |
TRADING |
|
The
wholesale and retail trade is expected to increase 7.1% in 2015 (2014: 7.7%)
driven by strong domestic consumption and higher tourist arrivals following
the Malaysia Year of Festivals 2015. Besides, in 2014, the wholesale and
retail trade subsector is expected to increase 7.7% (2013: 6.4%) supported by
strong domestic consumption. |
|
|
According
to Retail Group Malaysia (RGM), the pharmacy and personal care sub-sector had
slow growth rate of 2.6% for the first quarter of 2014, while "other
specialty stores" grew at a rate of 3.5%. During the first quarter of
2014, fashion and fashion accessories recorded a sustainable growth of 6.3%
as compared with the same period last year (3.6%). |
|
|
The
retail segment increased 10.1% (January - June 2013: 7.1%) attributed to
brisk sales in retail outlets such as hypermarkets and large-scale
superstores. Since the launch of the Small Retailer Transformation programme
(TUKAR) in January 2011 up to end-July 2014, 1,761 small retailer stores
(end-July 2013: 1,381) have been modernized to improve their competitiveness.
In addition, the strong growth of the retail segment was supported by
1Malaysia Unified Sales held from 29 June 2014 to 1 September 2014 to attract
foreign and local tourists to shop in Malaysia. Meanwhile, the wholesale
segment expanded 8.2% (January - June 2013: 4.9%) due to higher sales of
non-agricultural intermediate products, such as petrol, diesel, lubricants
and household goods. Furthermore, food and beverage outlets, laundry outlets,
car wash centres, abd health and beauty outlets took a hit from the water
rationing in the Klang Valley since February this year. |
|
|
On
the other hand, in 2014, Malaysia's total trade is expected to grow 5.2% to
RM1.44 trillion (2013: 4.5%; RM1.37 trillion) underpinned by recovery in key
advanced economies, resilient regional demand, and partly due to the base
effect arising from sluggish exports in the corresponding period last year.
Gross exports are anticipated to expand 6% to RM762.8 billion while import
decreased 4.3% to RM677.2 billion (2013: 2.4%; RM719.8 billion; 7%; RM 649.1
billion). Consequently, the trade surplus is expected to be higher at RM85.6
billion or 7.9% of GDP in 2014 (2013: RM70.7 billion; 7.2%). |
|
|
Furthermore,
gross exports rebounded by 10.7% to RM441.3 billion during the first seven
months of 2014 (January - July 2013: -2.8%; RM398.5 billion), with
manufactured and mining exports rising at a double digit pace of 11.4% and
12.5%. Shipment of agriculture products grew at a slower pace of 2.7%,
primarily due to lower receipts of crude rubber (-24.6%) while export growth
of other commodities remained steady. Consequently, exports of manufactured
and mining products are expected to grow 6.1% and 6.4% in 2014 (2013: 5.1%;
3.3%). Meanwhile, agriculture exports are expected to rebound sharply by 4.5%
in 2014 (2013: -14.4%) despite moderating commodity prices. Malaysia's top 3
trading partners are China, Singapore, and Japan. |
|
|
Over
60% of Gross Domestic Product (GDP) is contributed by domestic consumption.
Therefore the wholesale and retail sector plays a crucial role in driving
Malaysia's growth over the next decade despite the ongoing global economic
slowdown. By 2020, Malaysia's wholesale and retail sector is expected to
boost the country's total Gross National Income (GNI) by RM156 billion,
creating 454,190 new jobs. |
|
|
OVERALL
INDUSTRY OUTLOOK : Average Growth |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL
REPORTING STANDARDS(FRS) |
|
KPT
RECYCLE SDN. BHD. |
|
Financial
Year End |
2013-09-30 |
2012-09-30 |
2011-09-30 |
2010-09-30 |
2009-09-30 |
|
Months |
12 |
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 |
SUMMARY |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
7,992,560 |
7,589,038 |
7,407,129 |
7,679,787 |
3,015,317 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
7,992,560 |
7,589,038 |
7,407,129 |
7,679,787 |
3,015,317 |
|
Costs
of Goods Sold |
(6,656,591) |
(6,228,874) |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
1,335,969 |
1,360,164 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
343,453 |
334,822 |
283,450 |
501,408 |
241,138 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
343,453 |
334,822 |
283,450 |
501,408 |
241,138 |
|
Taxation |
(77,231) |
(102,204) |
(75,423) |
(107,836) |
(48,532) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
266,222 |
232,618 |
208,027 |
393,572 |
192,606 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
1,026,823 |
794,205 |
586,178 |
192,606 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
1,026,823 |
794,205 |
586,178 |
192,606 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
1,293,045 |
1,026,823 |
794,205 |
586,178 |
192,606 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
1,293,045 |
1,026,823 |
794,205 |
586,178 |
192,606 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||||
|
Hire
purchase |
15,701 |
16,450 |
- |
- |
- |
|
Term
loan / Borrowing |
11,214 |
4,185 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
26,915 |
20,635 |
- |
- |
- |
|
|
============= |
============= |
- |
- |
- |
|
|
DEPRECIATION
(as per notes to P&L) |
159,067 |
147,496 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
159,067 |
147,496 |
- |
- |
- |
|
|
============= |
============= |
BALANCE
SHEET
|
|
KPT
RECYCLE SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||||
|
FIXED
ASSETS |
818,721 |
911,271 |
705,440 |
420,636 |
20,476 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
818,721 |
911,271 |
705,440 |
420,636 |
20,476 |
|
Stocks |
96,779 |
20,817 |
- |
- |
- |
|
Trade
debtors |
2,470,167 |
1,811,769 |
- |
- |
- |
|
Other
debtors, deposits & prepayments |
163,341 |
154,038 |
- |
- |
- |
|
Cash
& bank balances |
9,710 |
21,746 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
2,739,997 |
2,008,370 |
1,984,572 |
1,442,606 |
571,788 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
3,558,718 |
2,919,641 |
2,690,012 |
1,863,242 |
592,264 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade
creditors |
1,004,458 |
483,875 |
- |
- |
- |
|
Other
creditors & accruals |
542,232 |
505,149 |
- |
- |
- |
|
Hire
purchase & lease creditors |
88,094 |
128,264 |
- |
- |
- |
|
Short
term borrowings/Term loans |
108,576 |
108,576 |
- |
- |
- |
|
Amounts
owing to director |
12,953 |
15,000 |
- |
- |
- |
|
Provision
for taxation |
10,625 |
21,288 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
1,766,938 |
1,262,152 |
1,313,659 |
1,152,405 |
395,480 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
973,059 |
746,218 |
670,913 |
290,201 |
176,308 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
1,791,780 |
1,657,489 |
1,376,353 |
710,837 |
196,784 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
100,000 |
100,000 |
100,000 |
100 |
100 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
100,000 |
100,000 |
100,000 |
100 |
100 |
|
Retained
profit/(loss) carried forward |
1,293,045 |
1,026,823 |
794,205 |
586,178 |
192,606 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
1,293,045 |
1,026,823 |
794,205 |
586,178 |
192,606 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
1,393,045 |
1,126,823 |
894,205 |
586,278 |
192,706 |
|
Long
term loans |
305,015 |
385,307 |
- |
- |
- |
|
Hire
purchase creditors |
51,056 |
104,881 |
- |
- |
- |
|
Deferred
taxation |
42,664 |
40,478 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
398,735 |
530,666 |
482,148 |
124,559 |
4,078 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,791,780 |
1,657,489 |
1,376,353 |
710,837 |
196,784 |
|
|
============= |
============= |
============= |
============= |
============= |
FINANCIAL
RATIO
|
|
KPT
RECYCLE SDN. BHD. |
|
TYPES
OF FUNDS |
|||||
|
Cash |
9,710 |
21,746 |
- |
- |
- |
|
Net
Liquid Funds |
9,710 |
21,746 |
- |
- |
- |
|
Net
Liquid Assets |
876,280 |
725,401 |
670,913 |
290,201 |
176,308 |
|
Net
Current Assets/(Liabilities) |
973,059 |
746,218 |
670,913 |
290,201 |
176,308 |
|
Net
Tangible Assets |
1,791,780 |
1,657,489 |
1,376,353 |
710,837 |
196,784 |
|
Net
Monetary Assets |
477,545 |
194,735 |
188,765 |
165,642 |
172,230 |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Borrowings |
552,741 |
727,028 |
- |
- |
- |
|
Total
Liabilities |
2,165,673 |
1,792,818 |
1,795,807 |
1,276,964 |
399,558 |
|
Total
Assets |
3,558,718 |
2,919,641 |
2,690,012 |
1,863,242 |
592,264 |
|
Net
Assets |
1,791,780 |
1,657,489 |
1,376,353 |
710,837 |
196,784 |
|
Net
Assets Backing |
1,393,045 |
1,126,823 |
894,205 |
586,278 |
192,706 |
|
Shareholders'
Funds |
1,393,045 |
1,126,823 |
894,205 |
586,278 |
192,706 |
|
Total
Share Capital |
100,000 |
100,000 |
100,000 |
100 |
100 |
|
Total
Reserves |
1,293,045 |
1,026,823 |
794,205 |
586,178 |
192,606 |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
0.01 |
0.02 |
- |
- |
- |
|
Liquid
Ratio |
1.50 |
1.57 |
- |
- |
- |
|
Current
Ratio |
1.55 |
1.59 |
1.51 |
1.25 |
1.45 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
4 |
1 |
- |
- |
- |
|
Debtors
Ratio |
113 |
87 |
- |
- |
- |
|
Creditors
Ratio |
55 |
28 |
- |
- |
- |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Gearing
Ratio |
0.40 |
0.65 |
- |
- |
- |
|
Liabilities
Ratio |
1.55 |
1.59 |
2.01 |
2.18 |
2.07 |
|
Times
Interest Earned Ratio |
13.76 |
17.23 |
- |
- |
- |
|
Assets
Backing Ratio |
17.92 |
16.57 |
13.76 |
7,108.37 |
1,967.84 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
4.30 |
4.41 |
3.83 |
6.53 |
8.00 |
|
Net
Profit Margin |
3.33 |
3.07 |
2.81 |
5.12 |
6.39 |
|
Return
On Net Assets |
20.67 |
21.45 |
20.59 |
70.54 |
122.54 |
|
Return
On Capital Employed |
19.70 |
19.91 |
20.59 |
70.54 |
122.54 |
|
Return
On Shareholders' Funds/Equity |
19.11 |
20.64 |
23.26 |
67.13 |
99.95 |
|
Dividend
Pay Out Ratio (Times) |
0.00 |
0.00 |
- |
- |
- |
|
NOTES
TO ACCOUNTS |
|||||
|
Contingent
Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.88 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.72.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.