|
Report No. : |
342511 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLADRON CHEMICALS SDN. BHD. |
|
|
|
|
Registered Office : |
C-3-23A (Room 2), 8 Avenue, Jalan Sungai Jernih 8/1, Seksyen 8, 46050 Petaling Jaya, Selangor, |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
20.11.1982 |
|
|
|
|
Com. Reg. No.: |
93253-W |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is engaged in trading of animal feed
additives, supplement products, nutritional products. |
|
|
|
|
No. of Employees : |
50 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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.
Malaysia is vulnerable to a fall in world commodity prices or a general
slowdown in global economic activity.
The NAJIB
administration 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. Gross exports of goods and services constitute more than 80% of
GDP. The oil and gas sector supplied about 29% of government revenue in 2014.
As an oil and gas exporter, Malaysia has previously 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
strained government finances, shrunk Malaysia’s current account surplus and put
downward pressure on the ringgit. The government is trying to lessen its
dependence on state oil producer Petronas.
Bank
Negara Malaysia (the central bank) maintains healthy foreign exchange reserves;
a well-developed regulatory regime has limited Malaysia's exposure to riskier
financial instruments and the global financial crisis. In order to attract
increased investment, NAJIB 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. |
: |
93253-W |
||||
|
COMPANY NAME |
: |
GLADRON
CHEMICALS SDN. BHD. |
||||
|
FORMER NAME |
: |
AGE D'OR
CHEMICALS SDN BHD (08/02/2001) |
||||
|
INCORPORATION
DATE |
: |
20/11/1982 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE
(LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
C-3-23A (ROOM
2), 8 AVENUE, JALAN SUNGAI JERNIH 8/1, SEKSYEN 8, 46050 PETALING JAYA,
SELANGOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
7, JALAN TP 7,
UEP INDUSTRIAL PARK, 40400 SHAH ALAM, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-51918989 |
||||
|
FAX.NO. |
: |
03-51928686 |
||||
|
WEB SITE |
: |
WWW.GLADRON.COM |
||||
|
CONTACT PERSON |
: |
LEE SIEW SOON (
MANAGING DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
46902 |
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING OF
ANIMAL FEED ADDITIVES, SUPPLEMENT PRODUCTS, NUTRITIONAL PRODUCTS |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
10,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID
UP CAPITAL |
: |
MYR 9,244,355.00
DIVIDED INTO |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
50 [2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
UNKNOWN |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
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) trading of animal feed additives,
supplement products, nutritional products.
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
10,000,000.00 |
MYR 9,244,355.00 |
The major
shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. LEE HAW YIH
+ |
99, JALAN
HUJONG, OVERSEAS UNION GARDEN, JALAN KLANG, 58200 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
691212-10-5943
A1447588 |
5,084,395.00 |
55.00 |
|
MR. LEE HAW HANN
+ |
9, JALAN PUTERI
9/2A, BANDAR PUTERI, 47100 PUCHONG, SELANGOR, MALAYSIA. |
731001-10-6325
A2529369 |
2,079,980.00 |
22.50 |
|
MR. LEE HAW
SHYANG + |
99, JALAN HUJONG,
OVERSEAS UNION GARDEN, JALAN KLANG, 58200 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
760326-10-5817
A3351590 |
2,079,980.00 |
22.50 |
|
--------------- |
------ |
|||
|
9,244,355.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTOR 1
|
Name Of Subject |
: |
MR. LEE SIEW
SOON |
|
Address |
: |
99, JALAN HUJUNG
BUBUK, BATU 5, JALAN KLANG LAMA, 58200 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
IC / PP No |
: |
7964637 |
|
New IC No |
: |
421127-10-5041 |
|
Date of Birth |
: |
27/11/1942 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
20/11/1982 |
DIRECTOR
2
|
Name Of Subject |
: |
MR. LEE HAW HANN |
|
Address |
: |
9, JALAN PUTERI 9/2A,
BANDAR PUTERI, 47100 PUCHONG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A2529369 |
|
New IC No |
: |
731001-10-6325 |
|
Date of Birth |
: |
01/10/1973 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
19/06/1996 |
DIRECTOR
3
|
Name Of Subject |
: |
MR. LEE HAW
SHYANG |
|
Address |
: |
99, JALAN
HUJONG, OVERSEAS UNION GARDEN, JALAN KLANG, 58200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A3351590 |
|
New IC No |
: |
760326-10-5817 |
|
Date of Birth |
: |
26/03/1976 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
19/06/1996 |
DIRECTOR
4
|
Name Of Subject |
: |
MR. LEE HAW YIH |
|
Address |
: |
99, JALAN HUJONG,
OVERSEAS UNION GARDEN, JALAN KLANG, 58200 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
IC / PP No |
: |
A1447588 |
|
New IC No |
: |
691212-10-5943 |
|
Date of Birth |
: |
12/12/1969 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
19/06/1996 |
|
1) |
Name of Subject |
: |
LEE SIEW SOON |
|
Position |
: |
MANAGING
DIRECTOR |
|
|
2) |
Name of Subject |
: |
EMERLYN YAW |
|
Position |
: |
ACCOUNT MANAGER |
|
|
3) |
Name of Subject |
: |
HELEN |
|
Position |
: |
ADMIN MANAGER |
|
Auditor |
: |
S.F. YAP &
CO. |
|
Auditor' Address |
: |
17 & 19,
JALAN BRUNEI BARAT, PUDU, 55100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
1) |
Company
Secretary |
: |
MS. SIEW NGEI
LAM |
|
IC / PP No |
: |
A0954357 |
|
|
New IC No |
: |
680305-10-6554 |
|
|
Address |
: |
65, JALAN 25,
KEPONG BARU, 52100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
Banking relations are maintained principally with :
|
1) |
Name |
: |
HSBC BANK
MALAYSIA BHD |
|
Charge No |
Creation Date |
Charge
Description |
Chargee Name |
Total Charge |
Status |
|
1 |
02/11/1983 |
N/A |
AMBANK (M)
BERHAD |
MYR 1,155,000.00 |
Satisfied |
|
2 |
11/07/1984 |
N/A |
AMBANK (M)
BERHAD |
MYR 200,000.00 |
Satisfied |
|
3 |
04/02/1986 |
N/A |
THE BANK OF
CANTON LTD |
MYR 650,000.00 |
Satisfied |
|
4 |
09/10/1987 |
N/A |
THE BANK OF
CANTON LIMITED |
MYR 700,000.00 |
Satisfied |
|
5 |
14/08/1989 |
N/A |
ARABMALAYSIAN
BANK BERAHD |
MYR 500,000.00 |
Satisfied |
|
6 |
04/12/1989 |
N/A |
SECURITY PACIFIC
ASIAN BANK LIMITED |
MYR 3,000,000.00 |
Satisfied |
|
7 |
26/11/1992 |
N/A |
HONGKONG BANK
MALAYSIA BHD |
MYR 1,100,000.00 |
Satisfied |
|
8 |
09/11/1998 |
N/A |
HSBC BANK MALAYSIA
BERHAD AS SECURITY AGENT FOR HSBC AMANAH MALAYSIA BERHAD AND ITSELF |
MYR 1,500,000.00 |
Satisfied |
|
9 |
09/11/1998 |
N/A |
HONGKONG BANK
MALAYSIA BERHAD |
MYR 1.00 |
Satisfied |
|
10 |
09/01/2001 |
N/A |
HSBC BANK
MALAYSIA BERHAD |
MYR 1.00 |
Satisfied |
|
11 |
23/11/2005 |
LOAN AGREEMENT
& ASSIGNMENT |
HSBC BANK
MALAYSIA BERHAD |
MYR 1,000,000.00 |
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 |
: |
YES |
Percentage |
: |
40% |
|
Overseas |
: |
YES |
Percentage |
: |
60% |
|
Import Countries |
: |
UNITED
KINGDOM,GERMANY,ASIA |
|||
|
Local |
: |
YES |
Percentage |
: |
95% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
Percentage |
: |
5% |
|
Export Market |
: |
SINGAPORE |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Type of Customer |
: |
WHOLESALERS,VETERINARY
CLINIC,POULTRY FARMS |
|||
|
Goods Traded |
: |
ANIMAL FEED
ADDITIVES, SUPPLEMENT PRODUCTS, NUTRITIONAL PRODUCTS |
|||||
|
Competitor(s) |
: |
BERG &
SCHMIDT (M) SDN BHD |
|||||
|
Member(s) /
Affiliate(s) |
: |
MALAYSIA
EXTERNAL TRADE DEVELOPMENT CORPORATION (MATRADE) |
|||||
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2015 |
2014 |
2013 |
2012 |
2011 |
||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
50 |
50 |
40 |
40 |
40 |
||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of animal feed
additives, supplement products, nutritional products.
The Subject's offers a wide range of products such as animal health and
nutritional products, disinfectant, biologicals, small animal products, animal
feeds additives and supplement products.
We were informed that the Subject's animal products are for chicken, swine,
dogs, cats, ducks, cows, fishes, horses, rabbits and sheeps.
The Subject's products are stored in air-conditioned stores and cold rooms at 2
to 7 degrees celcius.
The Subject has veterinarians and pharmacists to provide service for their
customers.
Besides that, the Subject also provides the transportation services to deliver
its products to its customers and will charged accordingly.
The Subject has an extensive network of dealers and sub-distributors in East
and Peninsular Malaysia.
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone Number
Provided By Client |
: |
0351918989 |
|
Current
Telephone Number |
: |
03-51918989 |
|
Match |
: |
YES |
|
Address Provided
by Client |
: |
7, JALAN TP 7,
UEP INDUSTRIAL PARK,40400,SHAH ALAM,SELANGOR. |
|
Current Address |
: |
7, JALAN TP 7,
UEP INDUSTRIAL PARK, 40400 SHAH ALAM, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial
Accounts |
: |
NO |
Other
Investigations
We contacted one of the staff from the Subject and she provided some
information on the Subject.
|
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 |
3.2 |
4.0 |
|
Unemployment
Rate |
3.3 |
3.2 |
3.0 |
2.9 |
3.0 |
|
Net
International Reserves ( MYR Billion ) |
415 |
427 |
- |
417 |
- |
|
Average
Risk-Weighted Capital Adequacy Ratio ( % ) |
3.50 |
2.20 |
- |
4.00 |
- |
|
Average 3 Months
of Non-performing Loans ( % ) |
14.80 |
14.70 |
- |
- |
- |
|
Average Base
Lending Rate ( % ) |
6.60 |
6.53 |
6.53 |
6.85 |
- |
|
Business Loans
Disbursed( % ) |
15.3 |
32.2 |
- |
56.0 |
- |
|
Foreign Investment
( MYR Million ) |
23,546.1 |
26,230.4 |
38,238.0 |
43,486.6 |
- |
|
Consumer Loans (
% ) |
- |
- |
- |
- |
- |
|
Registration of
New Companies ( No. ) |
45,455 |
45,441 |
46,321 |
49,144 |
- |
|
Registration of
New Companies ( % ) |
3.0 |
(0.0) |
1.9 |
6.1 |
- |
|
Liquidation of
Companies ( No. ) |
132,485 |
17,092 |
26,430 |
21,753 |
- |
|
Liquidation of
Companies ( % ) |
417.8 |
(87.1) |
54.6 |
(17.7) |
- |
|
Registration of
New Business ( No. ) |
284,598 |
324,761 |
329,895 |
332,723 |
- |
|
Registration of
New Business ( % ) |
5.0 |
14.0 |
2.0 |
1.0 |
- |
|
Business
Dissolved ( No. ) |
20,121 |
20,380 |
18,161 |
21,436 |
- |
|
Business
Dissolved ( % ) |
1.9 |
1.3 |
(10.9) |
18.0 |
- |
|
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 |
63.2 |
- |
|
Credit Cards
Spending ( % ) |
15.6 |
12.6 |
- |
13.5 |
- |
|
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) |
- |
- |
3.0 |
- |
|
Other Mining |
- |
- |
- |
46.6 |
- |
|
Industry
Non-performing Loans ( MYR Million ) |
46.5 |
- |
- |
- |
- |
|
% of Industry
Non-performing Loans |
0.1 |
- |
- |
- |
- |
|
Manufacturing # |
4.7 |
4.8 |
3.4 |
6.4 |
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 |
1.4 |
- |
|
Plastic Products |
3.8 |
- |
- |
2.7 |
- |
|
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 |
- |
- |
13.0 |
- |
|
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 |
|
|
46902 : Wholesale
of animal/pet food |
|
|
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 |
|
|
Incorporated in 1982, the Subject is an Exempt
Private company, focusing on trading of animal feed additives, supplement
products, nutritional products. The Subject has been in business for over two
decades. It has built up a strong clientele base and satisfactory reputation
will enable the Subject to further enhance its business in the near term. The
Subject is expected to enjoy a stable market shares. A paid up capital of MYR
9,244,355 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 |
2006-12-31 |
2005-12-31 |
2004-12-31 |
2003-12-31 |
2002-12-31 |
|
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 |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
52,810,338 |
49,374,493 |
55,340,599 |
51,979,658 |
55,848,227 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
52,810,338 |
49,374,493 |
55,340,599 |
51,979,658 |
55,848,227 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
3,458,313 |
2,022,002 |
2,664,593 |
5,291,530 |
3,415,136 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
3,458,313 |
2,022,002 |
2,664,593 |
5,291,530 |
3,415,136 |
|
Taxation |
(1,204,816) |
(476,823) |
(744,612) |
(1,574,727) |
(1,182,553) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
2,253,497 |
1,545,179 |
1,919,981 |
3,716,803 |
2,232,583 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE
EXTRAORDINARY ITEMS |
2,253,497 |
1,545,179 |
1,919,981 |
3,716,803 |
2,232,583 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
ATTRIBUTABLE TO SHAREHOLDERS |
2,253,497 |
1,545,179 |
1,919,981 |
3,716,803 |
2,232,583 |
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously
reported |
9,624,911 |
10,002,120 |
11,343,902 |
7,969,052 |
5,736,469 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
9,624,911 |
10,002,120 |
11,343,902 |
7,969,052 |
5,736,469 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE
FOR APPROPRIATIONS |
11,878,408 |
11,547,299 |
13,263,883 |
11,685,855 |
7,969,052 |
|
DIVIDENDS -
Ordinary (paid & proposed) |
(729,114) |
(1,922,388) |
(3,261,763) |
(341,953) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
11,149,294 |
9,624,911 |
10,002,120 |
11,343,902 |
7,969,052 |
|
============= |
============= |
============= |
============= |
============= |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
874,845 |
992,425 |
253,553 |
472,760 |
546,225 |
|
TOTAL LONG TERM
INVESTMENTS/OTHER ASSETS |
16,950 |
16,950 |
16,950 |
10,950 |
10,950 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM
ASSETS |
891,795 |
1,009,375 |
270,503 |
483,710 |
557,175 |
|
TOTAL CURRENT
ASSETS |
31,139,707 |
30,221,137 |
37,682,598 |
33,749,290 |
33,740,121 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
32,031,502 |
31,230,512 |
37,953,101 |
34,233,000 |
34,297,296 |
|
============= |
============= |
============= |
============= |
============= |
|
|
TOTAL CURRENT
LIABILITIES |
11,571,853 |
12,361,246 |
18,706,626 |
13,630,743 |
17,051,889 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT
ASSETS/(LIABILITIES) |
19,567,854 |
17,859,891 |
18,975,972 |
20,118,547 |
16,688,232 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
20,459,649 |
18,869,266 |
19,246,475 |
20,602,257 |
17,245,407 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||||
|
Ordinary share
capital |
9,244,355 |
9,244,355 |
9,244,355 |
9,244,355 |
9,244,355 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE
CAPITAL |
9,244,355 |
9,244,355 |
9,244,355 |
9,244,355 |
9,244,355 |
|
Retained
profit/(loss) carried forward |
11,149,294 |
9,624,911 |
10,002,120 |
11,343,902 |
7,969,052 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
11,149,294 |
9,624,911 |
10,002,120 |
11,343,902 |
7,969,052 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
20,393,649 |
18,869,266 |
19,246,475 |
20,588,257 |
17,213,407 |
|
TOTAL LONG TERM
LIABILITIES |
66,000 |
- |
- |
14,000 |
32,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
20,459,649 |
18,869,266 |
19,246,475 |
20,602,257 |
17,245,407 |
|
|
============= |
============= |
============= |
============= |
============= |
|
TYPES OF FUNDS |
|||||
|
Net Liquid
Assets |
19,567,854 |
17,859,891 |
18,975,972 |
20,118,547 |
16,688,232 |
|
Net Current
Assets/(Liabilities) |
19,567,854 |
17,859,891 |
18,975,972 |
20,118,547 |
16,688,232 |
|
Net Tangible
Assets |
20,459,649 |
18,869,266 |
19,246,475 |
20,602,257 |
17,245,407 |
|
Net Monetary
Assets |
19,501,854 |
17,859,891 |
18,975,972 |
20,104,547 |
16,656,232 |
|
BALANCE SHEET
ITEMS |
|||||
|
Total
Liabilities |
11,637,853 |
12,361,246 |
18,706,626 |
13,644,743 |
17,083,889 |
|
Total Assets |
32,031,502 |
31,230,512 |
37,953,101 |
34,233,000 |
34,297,296 |
|
Net Assets |
20,459,649 |
18,869,266 |
19,246,475 |
20,602,257 |
17,245,407 |
|
Net Assets
Backing |
20,393,649 |
18,869,266 |
19,246,475 |
20,588,257 |
17,213,407 |
|
Shareholders'
Funds |
20,393,649 |
18,869,266 |
19,246,475 |
20,588,257 |
17,213,407 |
|
Total Share Capital |
9,244,355 |
9,244,355 |
9,244,355 |
9,244,355 |
9,244,355 |
|
Total Reserves |
11,149,294 |
9,624,911 |
10,002,120 |
11,343,902 |
7,969,052 |
|
LIQUIDITY
(Times) |
|||||
|
Current Ratio |
2.69 |
2.44 |
2.01 |
2.48 |
1.98 |
|
SOLVENCY RATIOS
(Times) |
|||||
|
Liabilities
Ratio |
0.57 |
0.66 |
0.97 |
0.66 |
0.99 |
|
Assets Backing
Ratio |
2.21 |
2.04 |
2.08 |
2.23 |
1.87 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating Profit
Margin |
6.55 |
4.10 |
4.81 |
10.18 |
6.12 |
|
Net Profit
Margin |
4.27 |
3.13 |
3.47 |
7.15 |
4.00 |
|
Return On Net
Assets |
16.90 |
10.72 |
13.84 |
25.68 |
19.80 |
|
Return On
Capital Employed |
16.90 |
10.72 |
13.84 |
25.68 |
19.80 |
|
Return On
Shareholders' Funds/Equity |
11.05 |
8.19 |
9.98 |
18.05 |
12.97 |
|
Dividend Pay Out
Ratio (Times) |
0.32 |
1.24 |
1.70 |
0.09 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.74 |
|
UK Pound |
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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.