|
Report No. : |
307871 |
|
Report Date : |
03.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
GREEN WAVE TELECOMMUNICATION SDN. BHD. |
|
|
|
|
Registered Office : |
Box 269, Lot 4.88, 4th Floor, Wisma Central, Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
23.11.2009 |
|
|
|
|
Com. Reg. No.: |
880140-W |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
Subject is engaged in the wireless telecommunication and broadcasting
services. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, a middle-income
country, has transformed itself since the 1970s from a producer of raw materials
into an emerging multi-sector economy. Under current Prime Minister NAJIB,
Malaysia is attempting to achieve high-income status by 2020 and to move
farther up the value-added production chain by attracting investments in
Islamic finance, high technology industries, biotechnology, and services.
NAJIB's Economic Transformation Program (ETP) is a series of projects and
policy measures intended to accelerate the country's economic growth. The
government has also taken steps to liberalize some services sub-sectors. The
NAJIB administration also is continuing efforts to boost domestic demand and
reduce the economy's dependence on exports. Nevertheless, exports -
particularly of electronics, oil and gas, palm oil and rubber - remain a
significant driver of the economy. As an oil and gas exporter, Malaysia has
profited from higher world energy prices, although the rising cost of domestic
gasoline and diesel fuel, combined with sustained budget deficits, has forced
Kuala Lumpur to begin to address fiscal shortfalls, through initial reductions
in energy and sugar subsidies and the announcement of the 2015 implementation
of a 6% goods and services tax. The government is also trying to lessen its
dependence on state oil producer Petronas. The oil and gas sector supplies
about 32% of government revenue in 2013. Bank Negara Malaysia (central bank)
maintains healthy foreign exchange reserves, and a well-developed regulatory
regime has limited Malaysia's exposure to riskier financial instruments and the
global financial crisis. Nevertheless, Malaysia could be vulnerable to a fall
in commodity prices or a general slowdown in global economic activity because
exports are a major component of GDP. In order to attract increased investment,
NAJIB earlier raised possible revisions to the special economic and social
preferences accorded to ethnic Malays under the New Economic Policy of 1970,
but retreated in 2013 after he encountered significant opposition from Malay
nationalists and other vested interests. In September 2013 NAJIB launched the
new Bumiputra Economic Empowerment Program (BEEP), policies that favor and
advance the economic condition of ethnic Malays.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
|
REGISTRATION NO. |
: |
880140-W |
|
COMPANY NAME |
: |
GREEN WAVE TELECOMMUNICATION
SDN. BHD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
23/11/2009 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
BOX 269, LOT 4.88, 4TH FLOOR, WISMA CENTRAL, JALAN AMPANG, 50450 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
BUSINESS ADDRESS |
: |
UNIT 8-12-9, MENARA MUTIARA BANGSAR, JALAN LIKU, OFF JALAN BANGSAR,,
59100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
TEL.NO. |
: |
03-22015134 |
|
FAX.NO. |
: |
03-22015135 |
|
HP.NO. |
: |
0173674629 |
|
WEB SITE |
: |
WWW.GWT.COM.MY |
|
CONTACT PERSON |
: |
ALIREZA MOFAZZALIFARD HASSAN ( DIRECTOR ) |
|
INDUSTRY CODE |
: |
61905 |
|
PRINCIPAL ACTIVITY |
: |
WIRELESS TELECOMMUNICATION AND BROADCASTING SERVICES |
|
AUTHORISED CAPITAL |
: |
MYR 1,000,000.00 DIVIDED INTO |
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 1,000,000.00 DIVIDED INTO |
|
SALES |
: |
N/A |
|
NET WORTH |
: |
N/A |
|
STAFF STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER CHECK |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
HIGH |
|
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) wireless
telecommunication and broadcasting services.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Share Capital History
|
Date |
Authorised
Shared Capital |
Issue & Paid
Up Capital |
|
15/02/2013 |
MYR 1,000,000.00 |
MYR 1,000,000.00 |
The major
shareholder(s) of the Subject are shown as follows:
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MORTEZA RAZAVI NASROLLAH + |
5-3-4, PHASE 2, PANTAI HILL PARK, PANTAI DALAM, 59200 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
T8292878 |
400,000.00 |
40.00 |
|
ALIREZA MOFAZZALIFARD HASSAN + |
5-3-4, PHASE 2, PANTAI HILL PARK, PANTAI DALAM, 59200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
L11717496 |
300,000.00 |
30.00 |
|
MS. FAIZURA BINTI RAMLI + |
M3-G-02, FLAT MERPATI, JALAN PANDAN INDAH 6/1, PANDAN INDAH, 55100
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
810426-06-5392 |
300,000.00 |
30.00 |
|
--------------- |
------ |
|||
|
1,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
ALIREZA MOFAZZALIFARD HASSAN |
|
Address |
: |
5-3-4, PHASE 2, PANTAI HILL PARK, PANTAI DALAM, 59200 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
L11717496 |
|
Date of Appointment |
: |
23/11/2009 |
DIRECTOR 2
|
Name Of Subject |
: |
MS. FAIZURA BINTI RAMLI |
|
Address |
: |
M3-G-02, FLAT MERPATI, JALAN PANDAN INDAH 6/1, PANDAN INDAH, 55100
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
810426-06-5392 |
|
Date of Birth |
: |
26/04/1981 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
23/11/2009 |
DIRECTOR 3
|
Name Of Subject |
: |
MORTEZA RAZAVI NASROLLAH |
|
Address |
: |
5-3-4, PHASE 2, PANTAI HILL PARK, PANTAI DALAM, 59200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
T8292878 |
|
Date of Appointment |
: |
23/11/2009 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
ALIREZA MOFAZZALIFARD HASSAN |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
C C POH & CO |
|
Auditor' Address |
: |
2-1A,JLN.PANDAN 2/1, PANDAN JAYA, 55100 K.LUMPUR., WILAYAH
PERSEKUTUAN, MALAYSIA. |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MR. CHAN CHE SAN |
|
IC / PP No |
: |
A0383440 |
|
|
New IC No |
: |
660327-10-5925 |
|
|
Address |
: |
BOX 269 LOT 488 4TH FLOOR, WISMA CENTRAL, 50450 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank againt the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
DEFAULTER
CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT
RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Services |
: |
WIRELESS TELECOMMUNICATION AND BROADCASTING SERVICES |
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) wireless
telecommunication and broadcasting services.
The Subject's business portfolio includes three basic groups:
1-Broadcast Communications
Digital technology dominates today's world of television and radio
broadcasting. GWT has solidified its leadership position in this industry in
ASAN with total content delivery products, including advanced digital microwave
transmitter, digital next generation video transmitters, mobile TV, and video
infrastructure solutions. Solutions from GWT Broadcast Communications transform
rich media content into a usable asset and provide it to the right person, on
the right device, at the right time.
The Broadcast Communications group of GWT's business portfolio includes digital
broadcasting system total solutions meeting DVB standards. In addition, it is
possible for you to order one of these solutions' components including:
DVB-T Transmitter
DVB-H Transmitter
DVB-S/S2 Modulators
IP Encapsulator
SFN Adapter
Ku-Band SSPA
Flyaway
Remux
2-Microwave Communications
GWT is pioneer supplier of microwave radio systems and market leader in
broadband wireless access in Malaysia.GWT delivers wireless solutions to
cellular and private telecom networks. Its product line includes microwave and
millimeter wave systems for point-to-point and point- to-multipoint
architectures.
The Microwave Communications projects and products are:
Portable Microwave Links
P2P PDH Radio Microwave Links from 8~38GHz
Radio Ethernet Microwave Links
3-Governmental Communications
GWT conducts advanced research studies, develops prototypes, and produces and
supports state-of-the-art, highly reliable communication and information
systems that solve the mission-critical communication challenges of its governmental
customers, and provides the technology base for these organizations so they can
deliver better services.
As a high-tech Company, research has a significant role in GWT's survival. R
&D department, in GWT, is a good combination of experienced and young
highly-motivated engineers working in their own professional teams. The R&D
department includes four groups:
Radio Systems
Microwave Systems
Power Electronics
Digital Electronics
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
60 3 2201 5134 |
|
Current Telephone Number |
: |
03-22015134 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
8,9,12- MENARA MUTIARA, BANGSAR, JALAN LIKU, OFF JALAN, BANGSAR,
59100, KUALA LUMPUR, MALAYSIA |
|
Current Address |
: |
UNIT 8-12-9, MENARA MUTIARA BANGSAR, JALAN LIKU, OFF JALAN BANGSAR,,
59100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
NO |
Other Investigations
We contacted one of the Director Mr ALIREZA and he provided some information.
He refused to disclose the Subject's number of employees and bankers.
FINANCIAL
ANALYSIS
|
|
No latest financial accounts are available at the Registry Office,
thus we are not able to comment on the Subject's financial performance. |
||||||
|
Overall financial condition of the Subject : N/A |
||||||
MALAYSIA
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic Indicators: |
2011 |
2012 |
2013 |
2014* |
2015** |
|
Population ( Million) |
28.7 |
29.3 |
29.8 |
30.3 |
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 |
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INDUSTRY
ANALYSIS
|
|
MSIC CODE |
|
|
61905 : Provision of specialized telecommunications applications |
|
|
INDUSTRY : |
TELECOMMUNICATION |
|
The telecommunication sector is expected to grow 9.6% in 2015,
supported by strong demand for cellular and broadband services, attractive
promotions by the telecommunication industry player as well as the launch of
new smartphones and media tablets. |
|
|
The outlook for the telecommunications industry for 2014 remains
positive. Growth of the communication sector is projected to sustain at 10%
in 2014 (2013: 10%) supported by higher usage of cellular and broadband
services. During the first half of 2014, the communication sector grew 10%
(January - June 2013: 9.4%) with the continued increase in the number of
cellular phone subscribers as well as higher use of data services. Cellular
phone subscriptions grew 2.8% to 43.8 million to reach a penetration rate of
145.5% as at end-June 2014 (end-June 2013: 9.1%, 42.6 million; 143.4%) with
prepaid segment dominating 82% of total subscriptions. Growth was spurred by
increased take-up of affordable smartphones and attractive packages offered
by service providers. |
|
|
Meanwhile, the broadband segment grew 3.1% to 6.4 million
subscriptions with a household penetration rate of 67.2% as at end-June 2014
(end-June 2013: 6.9%; 6.2 million; 66.8%). Growth was largely driven by
promotional activities and awareness programme as well as improved network
coverage. |
|
|
In 2014, service providers are to expand their 4G LTE network coverage
to 20% of the population in Malaysia. However, as at end 2013, only Maxis
managed to cover more than 10% population as committed. Thus, to speed up the
roll-out and coverage of 4G LTE, service providers may well take innovative
measures by entering into various partnerships such as infrastructure
sharing, network sharing and other forms of collaborative measures to save
costs and ensure timely delivery of services. |
|
|
Furthermore, to enable rural communities to enjoy the benefits of
information and communication technology (ICT), the Universal Services
Provision (USP) fund continues to finance projects such as Kampung Tanpa Wayar
1 Malaysia (KTW1M) and Pusat Internet 1Malaysia (PI1M). As at end-June 2014,
4,737 KTW1M and 413 PI1M (end-June 2013: 4,210; 339) were established
nationwide. |
|
|
Under budget 2015, the High-Speed Broadband (HSBB) will continue to be
implemented in areas of high economic impact, covering state capitals and
selected major towns nationwide. A sum of RM2.7 billion will be spent over
the next three years to build 1,000 new telecommunication towers and laying
of under sea cables. |
|
|
Conclusively, the Malaysian telecommunications industry is expected to
stay resilient until year 2016, as people spend more on mobile phone and
broadband bills. For increasing number of people, mobile are no longer a
"nice-to-have"; it's embedded in their daily lives and integrated
into the workplace. Moreover, consumers are starting to see beyond the
monthly bill and derive more value from the features, functionality and
applications on their devices. With fourth generation (4G) technology rolling
out, as well as other technologies to enhance broadband access, along with
new devices and services exploiting it, data usage will continue to expand
exponentially, and the overall value equation to consumers should move in the
same direction. Higher speeds and widespread adoption of mobile also are
expected to enable additional traction in vertical markets, especially in
banking, mobile payments, automotive telematics and health care. These
incremental services will present new opportunities and also drive even more
data needs. |
|
|
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) |
|
GREEN WAVE TELECOMMUNICATION SDN. BHD. |
|
Financial Year
End |
2010-12-31 |
|
Months |
12 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
|
Financial Type |
SUMMARY |
|
Currency |
MYR |
|
TURNOVER |
835,484 |
|
---------------- |
|
|
Total Turnover |
835,484 |
|
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
16,254 |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
16,254 |
|
Taxation |
(3,253) |
|
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
13,001 |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
13,001 |
|
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
13,001 |
|
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
13,001 |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
13,001 |
|
============= |
|
BALANCE
SHEET
|
|
GREEN WAVE TELECOMMUNICATION SDN. BHD. |
|
ASSETS EMPLOYED: |
|
|
FIXED ASSETS |
1,999 |
|
---------------- |
|
|
TOTAL LONG TERM ASSETS |
1,999 |
|
TOTAL CURRENT ASSETS |
1,051,087 |
|
---------------- |
|
|
TOTAL ASSET |
1,053,086 |
|
============= |
|
|
TOTAL CURRENT LIABILITIES |
1,040,083 |
|
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
11,004 |
|
---------------- |
|
|
TOTAL NET ASSETS |
13,003 |
|
============= |
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
3 |
|
---------------- |
|
|
TOTAL SHARE CAPITAL |
3 |
|
Retained profit/(loss) carried forward |
13,001 |
|
Others |
(1) |
|
---------------- |
|
|
TOTAL RESERVES |
13,000 |
|
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
13,003 |
|
---------------- |
|
|
13,003 |
|
|
============= |
|
FINANCIAL
RATIO
|
|
GREEN WAVE TELECOMMUNICATION SDN. BHD. |
|
TYPES OF FUNDS |
|
|
Net Liquid Assets |
11,004 |
|
Net Current Assets/(Liabilities) |
11,004 |
|
Net Tangible Assets |
13,003 |
|
Net Monetary Assets |
11,004 |
|
BALANCE SHEET ITEMS |
|
|
Total Liabilities |
1,040,083 |
|
Total Assets |
1,053,086 |
|
Net Assets |
13,003 |
|
Net Assets Backing |
13,003 |
|
Shareholders' Funds |
13,004 |
|
Total Share Capital |
3 |
|
Total Reserves |
13,001 |
|
LIQUIDITY (Times) |
|
|
Current Ratio |
1.01 |
|
SOLVENCY RATIOS (Times) |
|
|
Liabilities Ratio |
79.98 |
|
Assets Backing Ratio |
4,334.33 |
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
1.95 |
|
Net Profit Margin |
1.56 |
|
Return On Net Assets |
125.00 |
|
Return On Capital Employed |
124.99 |
|
Return On Shareholders' Funds/Equity |
99.98 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.82 |
|
|
1 |
Rs.95.27 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.