|
Report No. : |
346694 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MUTIARA IMPEX METAL SDN. BHD. |
|
|
|
|
Registered Office : |
8-Lg-10, Menara Mutiara Bangsar, Jalan Liku, Off Jalan Riong, Bangsar,
59100 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
17.01.2000 |
|
|
|
|
Com. Reg. No.: |
503064-W |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is principally engaged in the trading of scrap metal. |
|
|
|
|
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 : |
Slow but correct |
|
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 |
EXECUTIVE
SUMMARY
|
|
REGISTRATION NO. |
: |
503064-W |
||||
|
COMPANY NAME |
: |
MUTIARA IMPEX METAL SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
17/01/2000 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
8-LG-10, MENARA MUTIARA BANGSAR, JALAN LIKU, OFF JALAN RIONG, BANGSAR,
59100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LOT 349, JALAN 1 OFF JALAN CHAN SOW LIN,, 55200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-92224897 |
||||
|
FAX.NO. |
: |
03-92225897 |
||||
|
CONTACT PERSON |
: |
MURUGESAN A/L GOPAL CHETTIAR ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
46698 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF SCRAP METAL |
||||
|
AUTHORISED CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 3,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 363,603,038 [2013] |
||||
|
NET WORTH |
: |
MYR 8,129,109 [2013] |
||||
|
STAFF STRENGTH |
: |
n/a [2015] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
N/A |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
N/A |
||||
|
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
scrap metal.
The Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
Former Address(es)
|
Address |
As At Date |
|
2338, JLN SG BESI, BATU 4 1/2, SALAK SOUTH, KUALA LUMPUR, 57100,
WILAYAH PERSEKUTUAN, MALAYSIA |
N/A |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
29/01/2013 |
MYR 5,000,000.00 |
MYR 3,000,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
ANIMUTHU MANICKAM + |
BLOK 16 WINNER COURT B,16-8-9, TAMAN DESA PETALING, 57100 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
Z1807766 |
1,200,000.00 |
40.00 |
|
MR. MURUGESAN A/L GOPAL CHETTIAR + |
BLOK 16, WINNER COURT B, 16-3-1, TAMAN DESA PETALING, 57100 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
690902-07-5177 A1362093 |
1,050,000.00 |
35.00 |
|
MR. LOGANATHAN A/L CHINDAMBARAM + |
714,JALAN LORONG,, OFF JALAN SUNGAI BESI, 57100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
660422-08-6531 A0757257 |
750,000.00 |
25.00 |
|
--------------- |
------ |
|||
|
3,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
ANIMUTHU MANICKAM |
MALAYSIA |
L3899439 |
1,200,000.00 |
02/10/2014 |
|
GOPAL CHETTIAR A/L THANUKODI |
MALAYSIA |
340903-71-5025 |
N/A |
N/A |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. LOGANATHAN A/L CHINDAMBARAM |
|
Address |
: |
714,JALAN LORONG,, OFF JALAN SUNGAI BESI, 57100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A0757257 |
|
New IC No |
: |
660422-08-6531 |
|
Date of Birth |
: |
22/04/1966 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
17/01/2000 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. MURUGESAN A/L GOPAL CHETTIAR |
|
Address |
: |
BLOK 16, WINNER COURT B, 16-3-1, TAMAN DESA PETALING, 57100 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A1362093 |
|
New IC No |
: |
690902-07-5177 |
|
Date of Birth |
: |
02/09/1969 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
17/01/2000 |
DIRECTOR 3
|
Name Of Subject |
: |
ANIMUTHU MANICKAM |
|
Address |
: |
BLOK 16 WINNER COURT B,16-8-9, TAMAN DESA PETALING, 57100 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
Z1807766 |
|
Date of Appointment |
: |
09/07/2002 |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
MURUGESAN A/L GOPAL CHETTIAR |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
No Auditor found in our databank
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MR. BALAMURUGAN A/L TANGA RAJOO |
|
New IC No |
: |
831207-01-5873 |
|
|
Address |
: |
1059, JALAN TERATAI 36/35, BANDAR INDAHPURA, 81000 KULAI, JOHOR,
MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
|
2) |
Name |
: |
|
ENCUMBRANCE
(S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
18/04/2001 |
N/A |
BUMIPUTRACOMMERCE BANK BERHAD |
MYR 100,000.00 |
Unsatisfied |
|
2 |
17/01/2003 |
N/A |
BUMIPUTRACOMMERCE BANK BERHAD |
MYR 300,000.00 |
Unsatisfied |
|
3 |
09/10/2003 |
N/A |
BUMIPUTRACOMMERCE BANK BERHAD |
MYR 254,000.00 |
Unsatisfied |
|
4 |
05/11/2004 |
N/A |
BUMIPUTRA COMMERCE BANK BERHAD |
MYR 600,000.00 |
Unsatisfied |
|
5 |
07/03/2007 |
N/A |
AFFIN ISLAMIC BANK BERHAD |
- |
Satisfied |
|
6 |
05/04/2007 |
N/A |
AFFIN ISLAMIC BANK BERHAD |
- |
Satisfied |
|
7 |
05/04/2007 |
N/A |
AFFIN ISLAMIC BANK BERHAD |
- |
Satisfied |
|
8 |
13/04/2007 |
N/A |
AFFIN ISLAMIC BANK BERHAD |
- |
Satisfied |
|
9 |
13/04/2007 |
N/A |
AFFIN ISLAMIC BANK BERHAD |
- |
Satisfied |
|
10 |
28/07/2008 |
N/A |
CIMB BANK BERHAD |
- |
Unsatisfied |
|
11 |
04/02/2010 |
N/A |
RHB ISLAMIC BANK BERHAD |
- |
Unsatisfied |
|
12 |
04/02/2010 |
N/A |
RHB ISLAMIC BANK BERHAD |
- |
Unsatisfied |
|
13 |
17/07/2012 |
N/A |
UNITED OVERSEAS BANK (MALAYSIA) BHD. |
- |
Unsatisfied |
|
14 |
06/08/2012 |
N/A |
UNITED OVERSEAS BANK (MALAYSIA) BHD. |
- |
Unsatisfied |
|
15 |
06/08/2012 |
N/A |
UNITED OVERSEAS BANK (MALAYSIA) 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,
CLIENTELE
|
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its clientele.
OPERATIONS
|
|
Goods Traded |
: |
SCRAP METAL |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2015 |
||||||||
|
COMPANY |
n/a |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of scrap
metal.
The Subject deals scrap metals.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-92224897 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
LOT 349 JALAN 1 OFF JALAN CHAN, SOW LIN 55200 KUALA LUMPUR |
|
Current Address |
: |
LOT 349, JALAN 1 OFF JALAN CHAN SOW LIN,, 55200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and he only provided limited
information.
The Subject refused to disclose its number of employees and bankers.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
9.51% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
27.30% |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
6.55% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
7.47% |
] |
|
|
The higher turnover could be attributed to the favourable market
condition.The dip in profit could be due to the stiff market competition
which reduced the Subject's profit margin. The unfavourable return on shareholders'
funds could indicate that the Subject was inefficient in utilising its assets
to generate returns. |
||||||
|
Liquidity |
||||||
|
Current Ratio |
: |
Acceptable |
[ |
1.29 Times |
] |
|
|
The Subject has an adequate liquidity position with its current
liabilities well covered by its current assets. With its net current assets,
the Subject should be able to repay its short term obligations. |
||||||
|
Solvency |
||||||
|
Liability Ratio |
: |
Unfavourable |
[ |
1.99 Times |
] |
|
|
The Subject has high liabilities ratio and it may face financial
difficulties if no additional capital is injected. |
||||||
|
Overall Assessment : |
||||||
|
Although the Subject's turnover had increased, its profits had
declined over the same corresponding period. This could be due to the stiffer
market competition and / or higher operating costs which lowered the Subject's
profit margin. The Subject was in good liquidity position with its total
current liabilities well covered by its total current assets. With its
current net assets, the Subject should be able to repay its short term
obligations. The Subject's liabilities level was high and its going concern
will be in doubt if there is no injection of additional shareholders' funds
in times of economic downturn and / or high interest rates. |
||||||
|
Overall financial condition of the Subject : FAIR |
||||||
|
|
||||||
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 |
3.2 |
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 |
|||||
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) |
|
MUTIARA IMPEX METAL SDN. BHD. |
|
Financial Year End |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
YES |
|
Financial Type |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
|
TURNOVER |
363,603,038 |
332,032,500 |
|
---------------- |
---------------- |
|
|
Total Turnover |
363,603,038 |
332,032,500 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
748,927 |
1,030,198 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
748,927 |
1,030,198 |
|
Taxation |
(216,782) |
(295,540) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
532,145 |
734,658 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
4,596,964 |
3,862,306 |
|
---------------- |
---------------- |
|
|
As restated |
4,596,964 |
3,862,306 |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
5,129,109 |
4,596,964 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
5,129,109 |
4,596,964 |
|
============= |
============= |
|
BALANCE
SHEET
|
|
MUTIARA IMPEX METAL SDN. BHD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
5,934,082 |
6,156,237 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
5,934,082 |
6,156,237 |
|
TOTAL CURRENT ASSETS |
18,369,799 |
18,730,781 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
24,303,881 |
24,887,018 |
|
============= |
============= |
|
|
TOTAL CURRENT LIABILITIES |
14,278,582 |
15,037,121 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
4,091,217 |
3,693,660 |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
10,025,299 |
9,849,897 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
3,000,000 |
3,000,000 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
3,000,000 |
3,000,000 |
|
Retained profit/(loss) carried forward |
5,129,109 |
4,596,964 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
5,129,109 |
4,596,964 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
8,129,109 |
7,596,964 |
|
TOTAL LONG TERM LIABILITIES |
1,896,190 |
2,252,933 |
|
---------------- |
---------------- |
|
|
10,025,299 |
9,849,897 |
|
|
============= |
============= |
|
|
|
|
|
FINANCIAL
RATIO
|
|
MUTIARA IMPEX METAL SDN. BHD. |
|
TYPES OF FUNDS |
||
|
Net Liquid Assets |
4,091,217 |
3,693,660 |
|
Net Current Assets/(Liabilities) |
4,091,217 |
3,693,660 |
|
Net Tangible Assets |
10,025,299 |
9,849,897 |
|
Net Monetary Assets |
2,195,027 |
1,440,727 |
|
BALANCE SHEET ITEMS |
||
|
Total Liabilities |
16,174,772 |
17,290,054 |
|
Total Assets |
24,303,881 |
24,887,018 |
|
Net Assets |
10,025,299 |
9,849,897 |
|
Net Assets Backing |
8,129,109 |
7,596,964 |
|
Shareholders' Funds |
8,129,109 |
7,596,964 |
|
Total Share Capital |
3,000,000 |
3,000,000 |
|
Total Reserves |
5,129,109 |
4,596,964 |
|
LIQUIDITY (Times) |
||
|
Current Ratio |
1.29 |
1.25 |
|
SOLVENCY RATIOS (Times) |
||
|
Liabilities Ratio |
1.99 |
2.28 |
|
Assets Backing Ratio |
3.34 |
3.28 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
0.21 |
0.31 |
|
Net Profit Margin |
0.15 |
0.22 |
|
Return On Net Assets |
7.47 |
10.46 |
|
Return On Capital Employed |
7.47 |
10.46 |
|
Return On Shareholders' Funds/Equity |
6.55 |
9.67 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.95 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.