|
Report No. : |
321241 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CERASIA INTERNATIONAL SDN. BHD. |
|
|
|
|
Registered Office : |
2 A-2-2, Jalan BK 5 A/3 B, Bandar Kinrara, 47100 Puchong, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2009 |
|
|
|
|
Date of Incorporation : |
29.04.2008 |
|
|
|
|
Com. Reg. No.: |
815712-K |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
Dealer in ceramic concrete tiles. |
|
|
|
|
No. of Employees : |
15 [2015] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, a middle-income country, has transformed itself since the 1970s from a producer of raw materials into an emerging multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move farther up the value-added production chain by attracting investments in Islamic finance, high technology industries, biotechnology, and services. NAJIB's Economic Transformation Program (ETP) is a series of projects and policy measures intended to accelerate the country's economic growth. The government has also taken steps to liberalize some services sub-sectors. The NAJIB administration also is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Nevertheless, exports - particularly of electronics, oil and gas, palm oil and rubber - remain a significant driver of the economy. As an oil and gas exporter, Malaysia has profited from higher world energy prices, although the rising cost of domestic gasoline and diesel fuel, combined with sustained budget deficits, has forced Kuala Lumpur to begin to address fiscal shortfalls, through initial reductions in energy and sugar subsidies and the announcement of the 2015 implementation of a 6% goods and services tax. 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. |
: |
815712-K |
|
COMPANY
NAME |
: |
CERASIA
INTERNATIONAL SDN. BHD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
29/04/2008 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
EXEMPT
PRIVATE (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
2A-2-2,
JALAN BK 5A/3B, BANDAR KINRARA, 47100 PUCHONG, SELANGOR, MALAYSIA. |
|
BUSINESS
ADDRESS |
: |
2-2,
JALAN METRO PUDU 1, FRASER BUSINESS PARK, OFF JALAN YEW, 55200 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
TEL.NO. |
: |
03-92224701 |
|
FAX.NO. |
: |
03-21420706 |
|
CONTACT
PERSON |
: |
LISA
KHONG MAY MAY ( DIRECTOR ) |
|
INDUSTRY
CODE |
: |
46639
|
|
PRINCIPAL
ACTIVITY |
: |
DEALER
IN CERAMIC CONCRETE TILES |
|
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 |
: |
15
[2015] |
|
BANKER
(S) |
|
MALAYAN
BANKING BHD |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER
CHECK |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
HIGH |
|
CURRENCY
EXPOSURE |
: |
N/A |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
AVERAGE
GROWTH |
The Subject is an exempt private company
which is allowed to have a minimum of two and a maximum of twenty shareholders
and all the shareholders must be individuals. An exempt company is a type of
private limited company. As a private limited company, the Subject must have at
least two directors. A private limited company is a separate legal entity from
its shareholders. As a separate legal entity, the Subject is capable of owning
assets, entering into contracts, suing or be sued by other companies. The
Subject is governed by the Companies Act, 1965 and must file in its annual
return. The Subject need not file in its financial statements but it has to
file in a document duly signed by its director in charge of its finance, the
secretary and its auditor stating that the Subject is able to meet all its
obligations as and when they fall due. Although the Subject is not required to
file in its financial statements, it also has to prepare its financial account
which must be presented at the Annual General Meeting.
The
Subject is principally engaged in the (as a / as an) dealer in ceramic concrete
tiles.
The
Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
20/05/2013 |
MYR
1,000,000.00 |
MYR
1,000,000.00 |
|
15/02/2013 |
MYR
500,000.00 |
MYR
500,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR.
CYRIL JOSSY FERNANDEZ + |
116,
JALAN AWAN JAWA, TAMAN YARL, OLD KLANG ROAD, 58200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
630529-06-5151
7308413 |
510,000.00 |
51.00 |
|
MS.
LISA KHONG MAY MAY + |
35,
JALAN YAZID AHMAD, SEREMBAN, NEGERI SEMBILAN, MALAYSIA. |
711008-05-5542 |
490,000.00 |
49.00 |
|
--------------- |
------ |
|||
|
1,000,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTOR
1
|
Name
Of Subject |
: |
MS.
LISA KHONG MAY MAY |
|
Address |
: |
35,
JALAN YAZID AHMAD, SEREMBAN, NEGERI SEMBILAN, MALAYSIA. |
|
New
IC No |
: |
711008-05-5542 |
|
Date
of Birth |
: |
08/10/1971 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
10/06/2010 |
DIRECTOR
2
|
Name
Of Subject |
: |
MR.
CYRIL JOSSY FERNANDEZ |
|
Address |
: |
116,
JALAN AWAN JAWA, TAMAN YARL, OLD KLANG ROAD, 58200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
IC
/ PP No |
: |
7308413 |
|
New
IC No |
: |
630529-06-5151 |
|
Date
of Birth |
: |
29/05/1963 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
29/04/2008 |
|
1)
|
Name
of Subject |
: |
LISA
KHONG MAY MAY |
|
Position |
: |
DIRECTOR |
No Auditor found in our databank
|
1)
|
Company
Secretary |
: |
MS.
HEMA CHRISTINE A/P DEVANESAN |
|
IC
/ PP No |
: |
A3251353 |
|
|
New
IC No |
: |
751124-05-5386 |
|
|
Address |
: |
22,
JALAN PALAS 14, TAMAN DATO' HORMAT, 42500 TELOK PANGLIMA GARANG, SELANGOR, MALAYSIA. |
|
Banking relations are maintained principally with :
|
1)
|
Name |
: |
MALAYAN
BANKING BHD |
|
Charge
No |
Creation
Date |
Charge
Description |
Chargee
Name |
Total
Charge |
Status |
|
1 |
26/06/2012 |
N/A |
RHB
BANK BHD |
- |
Unsatisfied |
|
2 |
02/08/2012 |
N/A |
RHB
BANK BHD |
- |
Unsatisfied |
*
A check has been conducted in our databank againt the Subject whether the Subject
has been involved in any litigation. Our databank consists of 99% of the wound
up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its suppliers.
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
|
Goods
Traded |
: |
CERAMIC
CONCRETE TILES |
|
|
Total
Number of Employees: |
|||||||||
|
YEAR |
2015 |
2013 |
|||||||
|
GROUP |
N/A |
N/A |
|||||||
|
COMPANY |
15 |
10 |
|||||||
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) dealer in ceramic
concrete tiles.
The Subject refused to disclose its operation.
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
03-92224701 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
OFF
JALAN YEW 55100 KUALA LUMPUR |
|
Current
Address |
: |
2-2,
JALAN METRO PUDU 1, FRASER BUSINESS PARK, OFF JALAN YEW, 55200 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
NO |
|
Latest
Financial Accounts |
: |
NO |
Other
Investigations
On 7th May 2015 we contacted one of the staff from the Subject and he provided
some information.
The address provided is incomplete.
|
The
Subject is a private exempt company which does not need to file in its
accounts with the Registrar of Companies for the information of the public.
Therefore, we are not able to comment on the Subject's financial performance. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
|
Major
Economic Indicators: |
2011 |
2012 |
2013 |
2014* |
2015** |
|
Population
( Million) |
28.7 |
29.3 |
29.8 |
30.3 |
30.5 |
|
Gross
Domestic Products ( % ) |
5.1 |
5.6 |
5.3 |
6.0 |
6.0 |
|
Domestic
Demand ( % ) |
8.2 |
9.4 |
5.6 |
6.4 |
6.2 |
|
Private
Expenditure ( % ) |
8.2 |
8.0 |
8.6 |
7.9 |
6.9 |
|
Consumption
( % ) |
7.1 |
1.0 |
5.7 |
6.5 |
5.6 |
|
Investment
( % ) |
12.2 |
11.7 |
13.3 |
12.0 |
10.7 |
|
Public
Expenditure ( % ) |
8.4 |
13.3 |
4.4 |
2.3 |
4.2 |
|
Consumption
( % ) |
16.1 |
11.3 |
(1.2) |
2.1 |
3.8 |
|
Investment
( % ) |
(0.3) |
15.9 |
4.2 |
2.6 |
4.7 |
|
Balance
of Trade ( MYR Million ) |
116,058 |
106,300 |
71,298 |
52,314 |
- |
|
Government
Finance ( MYR Million ) |
(45,511) |
(42,297) |
(39,993) |
(37,291) |
- |
|
Government
Finance to GDP / Fiscal Deficit ( % ) |
(5.4) |
(4.5) |
(4.0) |
(3.5) |
(3.0) |
|
Inflation
( % Change in Composite CPI) |
3.1 |
1.6 |
2.5 |
3.3 |
4.0 |
|
Unemployment
Rate |
3.3 |
3.2 |
3.0 |
3.0 |
3.0 |
|
Net
International Reserves ( MYR Billion ) |
415 |
427 |
- |
417 |
- |
|
Average
Risk-Weighted Capital Adequacy Ratio ( % ) |
3.50 |
2.20 |
- |
- |
- |
|
Average
3 Months of Non-performing Loans ( % ) |
14.80 |
14.70 |
- |
- |
- |
|
Average
Base Lending Rate ( % ) |
6.60 |
6.53 |
6.53 |
- |
- |
|
Business
Loans Disbursed( % ) |
15.3 |
32.2 |
- |
- |
- |
|
Foreign
Investment ( MYR Million ) |
23,546.1 |
26,230.4 |
38,238.0 |
- |
- |
|
Consumer
Loans ( % ) |
- |
- |
- |
- |
- |
|
Registration
of New Companies ( No. ) |
45,455 |
45,441 |
46,321 |
- |
- |
|
Registration
of New Companies ( % ) |
3.0 |
(0.0) |
1.9 |
- |
- |
|
Liquidation
of Companies ( No. ) |
132,485 |
17,092 |
26,430 |
- |
- |
|
Liquidation
of Companies ( % ) |
417.8 |
(87.1) |
54.6 |
- |
- |
|
Registration
of New Business ( No. ) |
284,598 |
324,761 |
329,895 |
- |
- |
|
Registration
of New Business ( % ) |
5.0 |
14.0 |
2.0 |
- |
- |
|
Business
Dissolved ( No. ) |
20,121 |
20,380 |
18,161 |
- |
- |
|
Business
Dissolved ( % ) |
1.9 |
1.3 |
(10.9) |
- |
- |
|
Sales
of New Passenger Cars (' 000 Unit ) |
535.1 |
552.2 |
576.7 |
598.4 |
610.3 |
|
Cellular
Phone Subscribers ( Million ) |
35.3 |
38.5 |
43.0 |
43.8 |
- |
|
Tourist
Arrival ( Million Persons ) |
24.7 |
25.0 |
25.7 |
28.0 |
- |
|
Hotel
Occupancy Rate ( % ) |
60.6 |
62.4 |
62.6 |
- |
- |
|
Credit
Cards Spending ( % ) |
15.6 |
12.6 |
- |
- |
- |
|
Bad
Cheque Offenders (No.) |
32,627 |
26,982 |
28,876 |
- |
- |
|
Individual
Bankruptcy ( No.) |
19,167 |
19,575 |
21,984 |
- |
- |
|
Individual
Bankruptcy ( % ) |
5.8 |
2.1 |
12.3 |
- |
- |
|
INDUSTRIES
( % of Growth ): |
2011 |
2012 |
2013 |
2014* |
2015** |
|
Agriculture |
5.8 |
1.0 |
2.1 |
3.8 |
3.1 |
|
Palm
Oil |
10.8 |
(0.3) |
2.6 |
6.7 |
- |
|
Rubber |
6.1 |
(7.9) |
(10.1) |
(10.4) |
- |
|
Forestry
& Logging |
(7.6) |
(4.5) |
(7.8) |
(4.2) |
- |
|
Fishing |
2.1 |
4.3 |
1.6 |
2.7 |
- |
|
Other
Agriculture |
7.1 |
6.4 |
8.2 |
6.2 |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
634.1 |
- |
- |
- |
- |
|
%
of Industry Non-Performing Loans |
3.2 |
- |
- |
- |
- |
|
Mining |
(5.4) |
1.4 |
0.9 |
(0.8) |
2.8 |
|
Oil
& Gas |
(1.7) |
- |
- |
- |
- |
|
Other
Mining |
- |
- |
- |
- |
- |
|
Industry
Non-performing Loans ( MYR Million ) |
46.5 |
- |
- |
- |
- |
|
%
of Industry Non-performing Loans |
0.1 |
- |
- |
- |
- |
|
Manufacturing
# |
4.7 |
4.8 |
3.4 |
6.6 |
5.5 |
|
Exported-oriented
Industries |
4.1 |
6.5 |
3.3 |
5.6 |
- |
|
Electrical
& Electronics |
(4.0) |
12.7 |
6.9 |
13.3 |
- |
|
Rubber
Products |
20.7 |
3.0 |
11.7 |
(0.3) |
- |
|
Wood
Products |
(5.1) |
8.7 |
(2.7) |
5.1 |
- |
|
Textiles
& Apparel |
13.2 |
(7.1) |
(2.6) |
11.5 |
- |
|
Domestic-oriented
Industries |
10.7 |
1.7 |
6.8 |
9.4 |
- |
|
Food,
Beverages & Tobacco |
4.80 |
2.70 |
3.60 |
6.13 |
6.13 |
|
Chemical
& Chemical Products |
10.0 |
10.8 |
5.6 |
- |
- |
|
Plastic
Products |
3.8 |
- |
- |
- |
- |
|
Iron
& Steel |
2.2 |
(6.6) |
5.0 |
0.1 |
- |
|
Fabricated
Metal Products |
21.8 |
13.8 |
9.9 |
2.9 |
- |
|
Non-metallic
Mineral |
12.1 |
2.9 |
(2.0) |
5.4 |
- |
|
Transport
Equipment |
12.0 |
3.4 |
13.8 |
22.9 |
- |
|
Paper
& Paper Products |
9.5 |
3.1 |
1.8 |
4.7 |
- |
|
Crude
Oil Refineries |
9.3 |
- |
- |
- |
- |
|
Industry
Non-Performing Loans ( MYR Million ) |
6,537.2 |
- |
- |
- |
- |
|
%
of Industry Non-Performing Loans |
25.7 |
- |
- |
- |
- |
|
Construction |
4.7 |
18.6 |
10.9 |
12.7 |
10.7 |
|
Industry
Non-Performing Loans ( MYR Million ) |
3,856.9 |
- |
- |
- |
- |
|
%
of Industry Non-Performing Loans |
10.2 |
- |
- |
- |
- |
|
Services |
7.1 |
6.4 |
5.9 |
5.9 |
5.6 |
|
Electric,
Gas & Water |
3.5 |
4.4 |
4.2 |
3.6 |
3.9 |
|
Transport,
Storage & Communication |
6.50 |
7.10 |
7.30 |
7.50 |
7.15 |
|
Wholesale,
Retail, Hotel & Restaurant |
5.2 |
4.7 |
5.9 |
6.9 |
6.5 |
|
Finance,
Insurance & Real Estate |
6.90 |
9.70 |
3.70 |
4.65 |
4.25 |
|
Government
Services |
12.4 |
9.4 |
8.3 |
6.1 |
5.6 |
|
Other
Services |
5.1 |
3.9 |
5.1 |
4.8 |
4.5 |
|
Industry
Non-Performing Loans ( MYR Million ) |
6,825.2 |
- |
- |
- |
- |
|
%
of Industry Non-Performing Loans |
23.4 |
- |
- |
- |
- |
|
*
Estimate / Preliminary |
|||||
|
**
Forecast |
|||||
|
#
Based On Manufacturing Production Index |
|||||
|
MSIC CODE |
|
|
46639 : Wholesale of other construction
materials, hardware, plumbing and heating equipment and supplies n.e.c. |
|
|
INDUSTRY : |
CONSTRUCTION |
|
The construction sector consists of four
subsectors: residential, non-residential, civil engineering and special trade
works. During a period of rapid economic expansion, the sector generally
outperforms Gross Domestic Product (GDP) growth. |
|
|
In 2014, the construction sector is
expected to further expand by 12.7% and contribute 4% to GDP, supported by
the civil engineering and residential subsectors. The civil engineering
subsector will be driven by oil and gas (O&G) as well as transportation
projects. Meanwhile, growth in the residential subsector is mainly due to the
construction of private residential projects ranging from medium to high-end
properties. The sector is expected to benefit from the acceleration of
ongoing construction activities, particularly from the Economic
Transformation Programme (ETP) construction-related projects. In 2015, the
construction sector is expected to grow by 10.7% supported by commencement of
O&G related projects such as RAPID as well as ongoing transportation
related infrastructure projects. |
|
|
On the other hand, civil engineering
subsector expanded 6.3% during the first half of 2014, but growth has
moderated following the completion of some major projects, including KLIA2,
Second Penang Bridge and Manjung coal-power plant. However, ongoing civil
engineering projects, particularly O&G related activities and expansion
of electricity power stations and transmission lines, will still contribute
significantly to the subsector. These include the development of Floating
Liquefied Natural Gas 1 Project (FLNG 1) and Sabah Ammonia Urea Plant (SAMUR)
projects, and electricity power plants in Manjung and Seberang Prai. Other
key projects which will boost growth in the subsector include the ongoing MRT
Line 1 project and LRT extension, clean water supply and electrification
expansion projects to rural areas especially of Kuantan Port, extension of
DUKE and construction of West Coast Expressway the Central Spine Road from
Bentong to Kuala Krai. |
|
|
Besides, growth in the non-residential
subsector turned around sharply by 14% in line with healthy business activity
during the first half of 2014. This was reflected by increased construction activities
especially for commercial buildings with the incoming supply of shops. The
subsector is expected to remain stable in 2015 supported by encouraging
demand for industrial and commercial buildings. Major commercial building
projects such as the 118-storey Menara Warisan and Bukit Bintang City Centre
are expected to contribute to the growth of the sector. |
|
|
Moreover, the residential subsector
expanded strongly by 22.1% during the first half of 2014 supported by higher
growth in incoming supply. Meanwhile, new housing approvals increased
significantly by 32.6%. Despite the decline in housing starts at 5.3%,
residential activity is expected to remain stable. The subsector is expected
to remain strong in view of the increased demand for housing in 2015,
particularly from the middle-income group. Demand for affordable housing will
remain favorable amid several Government initiatives such as PR1MA. |
|
|
Under budget 2015, Government will allocate
the total of RM48.25 billion for the construction cost of Sungai Besi - Ulu
Klang Expressway (SUKE), West Coast Expressway from Taiping to Banting,
Damansara - Shah Alam Highway (DASH), Eastern Klang Valley Expressway (EKVE),
upgrading the East Coast railway line, Second MRT Line from Selayang to
Putrajaya, and LRT 3 Project. Besides, the Government intends to start
construction of the 1,663-km Pan-Borneo Highway comprising 936 km in Sarawak
and 727 km in Sabah at a total construction cost of RM27 billion. Other than
that, Government will also allocate RM3 billion for the construction of Air
Langat 2 Water Treatment Plant to resolve the problem of water supply
shortage in the Klang Valley. |
|
|
Starting from 1st April, 2015, all types of
construction services including construction of residential houses or
agricultural buildings and building materials are subject to 6% of Goods and
Services Tax. According to Real Estate and Housing Developers' Association
Malaysia (Rehda), home prices will raise once the goods and services tax
(GST) comes into play and it will have an impact on construction industry. |
|
|
OVERALL INDUSTRY OUTLOOK : Average
Growth |
|
|
Incorporated
in 2008, the Subject is an Exempt Private company, focusing on dealer in
ceramic concrete tiles. Having been in business for more than 5 years, the
Subject has established a remarkable clientele base for itself which has
contributed to its business growth. A paid up capital of MYR 1,000,000 allows
the Subject to expand its business more comfortably. However, the Subject
does not have strong shareholders’ backing. Without a strong shareholders'
backing, the opportunity of the Subject to expand its business is limited. |
|
|
|
THE FINANCIAL
STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
Financial
Year End |
2009-06-30 |
|
Months |
12 |
|
Consolidated
Account |
Company |
|
Audited
Account |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
|
Financial
Type |
SUMMARY |
|
Currency |
MYR |
|
TURNOVER |
6,465,584 |
|
---------------- |
|
|
Total
Turnover |
6,465,584 |
|
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
50,664 |
|
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
50,664 |
|
Taxation |
(6,294) |
|
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
44,370 |
|
---------------- |
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS |
44,370 |
|
---------------- |
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
44,370 |
|
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
44,370 |
|
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
44,370 |
|
============= |
|
ASSETS
EMPLOYED: |
|
|
FIXED
ASSETS |
153,120 |
|
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
153,120 |
|
TOTAL
CURRENT ASSETS |
1,304,875 |
|
---------------- |
|
|
TOTAL
ASSET |
1,457,995 |
|
============= |
|
|
TOTAL
CURRENT LIABILITIES |
1,309,961 |
|
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(5,086) |
|
---------------- |
|
|
TOTAL
NET ASSETS |
148,034 |
|
============= |
|
|
SHARE
CAPITAL |
|
|
Ordinary
share capital |
100,000 |
|
---------------- |
|
|
TOTAL
SHARE CAPITAL |
100,000 |
|
Retained
profit/(loss) carried forward |
44,370 |
|
---------------- |
|
|
TOTAL
RESERVES |
44,370 |
|
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
144,370 |
|
TOTAL
LONG TERM LIABILITIES |
3,664 |
|
---------------- |
|
|
148,034 |
|
|
============= |
|
TYPES
OF FUNDS |
|
|
Net
Liquid Assets |
(5,086) |
|
Net
Current Assets/(Liabilities) |
(5,086) |
|
Net
Tangible Assets |
148,034 |
|
Net
Monetary Assets |
(8,750) |
|
BALANCE
SHEET ITEMS |
|
|
Total
Liabilities |
1,313,625 |
|
Total
Assets |
1,457,995 |
|
Net
Assets |
148,034 |
|
Net
Assets Backing |
144,370 |
|
Shareholders'
Funds |
144,370 |
|
Total
Share Capital |
100,000 |
|
Total
Reserves |
44,370 |
|
LIQUIDITY
(Times) |
|
|
Current
Ratio |
1.00 |
|
SOLVENCY
RATIOS (Times) |
|
|
Liabilities
Ratio |
9.10 |
|
Assets
Backing Ratio |
1.48 |
|
PERFORMANCE
RATIO (%) |
|
|
Operating
Profit Margin |
0.78 |
|
Net
Profit Margin |
0.69 |
|
Return
On Net Assets |
34.22 |
|
Return
On Capital Employed |
34.22 |
|
Return
On Shareholders' Funds/Equity |
30.73 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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.