|
|
|
MIRA INFORM REPORT
|
Report No. : |
501058 |
|
Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
HILDING ANDERS
MALAYSIA SDN. BHD. |
|
|
|
|
Formerly Known As : |
·
SLUMBERLAND MALAYSIA
SDN. BHD. (10/10/2013) ·
BICO (M) SDN BHD (28/06/2011) ·
SPRING MASTER SDN BHD
(18/10/2007) |
|
|
|
|
Registered Office : |
Suite 13.03, 13th Floor, Menara Tan &
Tan, 207, Jalan Tun Razak, 50400 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
21.09.2007 |
|
|
|
|
Com. Reg. No.: |
789312-D |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the manufacturing
of bedding product and its related products. |
|
|
|
|
No. of Employees : |
350 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, an upper middle-income country, has transformed itself since
the 1970s from a producer of raw materials into a multi-sector economy. Under
current Prime Minister NAJIB, Malaysia is attempting to achieve high-income
status by 2020 and to move further up the value-added production chain by
attracting investments in high technology, knowledge-based industries and
services. NAJIB's Economic Transformation Program 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. Domestic demand continues to
anchor economic growth, supported mainly by private consumption, which accounts
for 53% of GDP. Nevertheless, exports - particularly of electronics, oil and
gas, and palm oil - remain a significant driver of the economy. In 2015, gross
exports of goods and services were equivalent to 73% of GDP. The oil and gas
sector supplied about 22% of government revenue in 2015, down significantly
from prior years amid a decline in commodity prices and diversification of
government revenues. Malaysia has embarked on a fiscal reform program aimed at
achieving a balanced budget by 2020, including rationalization of subsidies and
the 2015 introduction of a 6% value added tax. Sustained low commodity prices
throughout the period not only strained government finances, but also shrunk
Malaysia’s current account surplus and weighed heavily on the Malaysian
ringgit, which was among the region’s worst performing currencies during
2013-17. The ringgit hit new lows following the US presidential election amid a
broader selloff of emerging market assets.
Bank Negara Malaysia (the central bank) maintains adequate foreign
exchange reserves; a well-developed regulatory regime has limited Malaysia's
exposure to riskier financial instruments, although it remains vulnerable to
volatile global capital flows. In order to increase Malaysia’s competitiveness,
Prime Minister 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, policies that favor and advance
the economic condition of ethnic Malays.
Malaysia signed the 12-nation Trans-Pacific Partnership (TPP) free trade
agreement in February 2016, although the future of the TPP remains unclear
following the US withdrawal from the agreement. Along with nine other ASEAN
members, Malaysia established the ASEAN Economic Community in 2015, which aims
to advance regional economic integration.
|
Source
: CIA |
EXECUTIVE SUMMARY
|
|
REGISTRATION NO. |
: |
789312-D |
||||
|
GST NO. |
: |
000425246720 |
||||
|
COMPANY NAME |
: |
HILDING ANDERS MALAYSIA SDN. BHD. |
||||
|
FORMER NAME |
: |
SLUMBERLAND MALAYSIA SDN. BHD. (10/10/2013) |
||||
|
INCORPORATION DATE |
: |
21/09/2007 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
SUITE 13.03, 13TH FLOOR, MENARA TAN & TAN,
207, JALAN TUN RAZAK, 50400 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LOT 7, JALAN P/1, BANGI INDUSTRIAL ESTATE,
43650 BANDAR BARU BANGI, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-89250230 |
||||
|
FAX.NO. |
: |
03-89251139 |
||||
|
EMAIL |
: |
ENQUIRY.MY@HILDINGANDERS.COM |
||||
|
WEB SITE |
: |
WWW.SLUMBERLAND.COM.MY |
||||
|
CONTACT PERSON |
: |
TEOH THEAN CHUAN ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
31009 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING OF BEDDING PRODUCT AND ITS
RELATED PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 5,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 2,500,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 102,921,793 [2016] |
||||
|
NET WORTH |
: |
MYR 33,560,459 [2016] |
||||
|
STAFF STRENGTH |
: |
350 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
STABLE |
||||
|
PAYMENT |
: |
REGULAR |
||||
|
MANAGEMENT CAPABILITY |
: |
GOOD |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
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 shall have a minimum one director. 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) manufacturing of bedding product and its related products.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
The immediate holding company of the Subject
is HILDING ANDERS ASIA PACIFIC LIMITED, a company incorporated in VIRGIN
ISLANDS, BRITISH.
The ultimate holding company of the Subject
is HILDING ANDERS AB, a company incorporated in SWEDEN.
Former Address(es)
|
Address |
As At Date |
|
14-1, PERSIARAN 65C, PEKELILING BUSINESS
CENTRE, JALAN PAHANG BARAT, OFF JALAN TUN RAZAK, 53000, WILAYAH PERSEKUTUAN,
MALAYSIA |
08/10/2007 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
24/07/2008 |
MYR 5,000,000.00 |
MYR 2,500,000.00 |
|
21/09/2007 |
MYR 100,000.00 |
MYR 2.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
HILDING ANDERS ASIA PACIFIC LIMITED |
P.O. BOX 957, OFFSHORE INCORPORATIONS
CENTRE, ROAD TOWN, TORTOLA VIRGIN ISLANDS, BRITISH |
357255 |
2,500,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
2,500,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
HILDING ANDERS (BVI)HOLDING LTD |
N/A |
XLZ00212770 |
2,500,000.00 |
N/A |
|
NORAINI BINTI ABDULLAH |
N/A |
670201-08-5358 |
N/A |
N/A |
|
SLUMBERLAND ASIA PACIFIC LIMITED |
N/A |
XLZ000017460 |
2,500,000.00 |
N/A |
|
ZAINUDIN BIN KOMING |
N/A |
610406-04-5275 |
N/A |
N/A |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. TEOH THEAN CHUAN |
|
Address |
: |
27, JALAN PAYA LEBAR EMPAT 27/10D, LAMAN
SERI, SEKSYEN 27, 40400 SHAH ALAM, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A0592919 |
|
New IC No |
: |
661127-08-5223 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
19/08/2014 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
789312D |
HILDING ANDERS MALAYSIA SDN. BHD. |
Director |
19/08/2014 |
0.00 |
- |
MYR9,727,299.00 |
2016 |
- |
23/02/2018 |
|
2 |
3387W |
SLUMBERLAND MANUFACTURING SDN. BHD. |
Director |
19/08/2014 |
0.00 |
- |
MYR(9,396.00) |
2016 |
- |
23/02/2018 |
|
3 |
238828V |
SLUMBERLAND MARKETING SDN. BHD. |
Director |
19/08/2014 |
0.00 |
- |
MYR911,350.00 |
2016 |
- |
23/02/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
CHEN XI |
|
Address |
: |
ROOM 2001, BUILDING 18, 999, ZHAOJIABANG
ROAD, SHANGHAI, CHINA. |
|
IC / PP No |
: |
E86902666 |
|
Nationality |
: |
CHINESE |
|
Date of Appointment |
: |
05/05/2016 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
789312D |
HILDING ANDERS MALAYSIA SDN. BHD. |
Director |
05/05/2016 |
0.00 |
- |
MYR9,727,299.00 |
2016 |
- |
23/02/2018 |
|
2 |
3387W |
SLUMBERLAND MANUFACTURING SDN. BHD. |
Director |
05/05/2016 |
0.00 |
- |
MYR(9,396.00) |
2016 |
- |
23/02/2018 |
|
3 |
238828V |
SLUMBERLAND MARKETING SDN. BHD. |
Director |
05/05/2016 |
0.00 |
- |
MYR911,350.00 |
2016 |
- |
23/02/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
MARCO FRANCESCO RIGHI |
|
Address |
: |
UNIT N-3A-3A, SURIA STONOR, 2, LORONG
STONOR, OFF PERSIARAN STONOR, 50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
IC / PP No |
: |
YA9324461 |
|
Nationality |
: |
ITALIAN |
|
Date of Appointment |
: |
08/02/2018 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
714458K |
ADVANCED TECHNICAL LAMINATES MANUFACTURING
SDN. BHD. |
Director |
10/05/2013 |
0.00 |
- |
MYR4,293,401.00 |
2016 |
- |
23/02/2018 |
|
2 |
209981P |
GOLDEN CLAY INDUSTRIES SDN. BHD. |
Director |
16/10/2015 |
0.00 |
- |
MYR(1,717,981.00) |
2016 |
- |
23/02/2018 |
|
3 |
789312D |
HILDING ANDERS MALAYSIA SDN. BHD. |
Director |
08/02/2018 |
0.00 |
- |
MYR9,727,299.00 |
2016 |
- |
23/02/2018 |
|
4 |
1146160U |
MONIER ASIA PACIFIC HOLDINGS SDN. BHD. |
Director |
27/05/2015 |
0.00 |
- |
MYR(4,737,092.00) |
2016 |
- |
23/02/2018 |
|
5 |
865429U |
MONIER ASIA PACIFIC SDN. BHD. |
Director |
01/04/2013 |
0.00 |
- |
MYR1,316,124.00 |
2016 |
- |
23/02/2018 |
|
6 |
495003U |
MONIER HOLDINGS SDN. BHD. |
Director |
01/04/2013 |
0.00 |
- |
MYR12,238,472.00 |
2016 |
- |
23/02/2018 |
|
7 |
19163M |
MONIER MALAYSIA SDN. BHD. |
Director |
01/04/2013 |
0.00 |
- |
MYR11,615,001.00 |
2016 |
- |
23/02/2018 |
|
8 |
15886P |
MONIER SDN. BHD. |
Director |
01/04/2013 |
0.00 |
- |
MYR(240,944.00) |
2016 |
- |
23/02/2018 |
DIRECTOR 4
|
Name Of Subject |
: |
JOANNE CLARE BENNETT |
|
Address |
: |
1, HOME FARN PLACE, 6, HOME FARM CLOSE,
ESHER KT10 9HA, SURREY, ENGLAND, UNITED KINGDOM. |
|
IC / PP No |
: |
099083288 |
|
Nationality |
: |
BRITISH |
|
Date of Appointment |
: |
02/05/2017 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
789312D |
HILDING ANDERS MALAYSIA SDN. BHD. |
Director |
02/05/2017 |
0.00 |
- |
MYR9,727,299.00 |
2016 |
- |
23/02/2018 |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
WOO KAM FOOK |
74LEBOH SELAR KAW 7, TMN TMN TLK PULAI,
KLANG., KLANG, SELANGOR, MALAYSIA |
520519-08-5231 |
08/04/2009 |
20/05/2013 |
|
ZAINUDIN BIN KOMING |
274-3, BLOK 2, FLAT SRI LABUAN, BANDAR.TUN RAZAK,
CHERAS, KUALA LUMPUR, WILAYAH PERSEKUTUAN |
610406-04-5275 |
21/09/2007 |
09/10/2007 |
|
TAN LEH KIAH |
95, LORONG TAMARIND, SOUTHERN PARK, KLANG,
SELANGOR, MALAYSIA |
511227-02-5099 |
31/10/2007 |
08/04/2009 |
|
FOO NYONG YONG |
16 JALAN SS 17/1C, SUBANG JAYA, PETALING
JAYA,SELANGOR., SUBANG JAYA, SELANGOR, MALAYSIA |
580119-08-6061 |
01/03/2013 |
26/09/2014 |
|
TAN KIM TAI |
NO. 23, LAKEVIEW BUNGALOWS, SAUJANA RESORT,
SEKSYEN U2, SHAH ALAM, SELANGOR, MALAYSIA |
500211-05-5003 |
08/04/2009 |
01/09/2012 |
|
REJINAH A/P AROKIASAMY |
67, JALAN SS 12/2E, SUBANG JAYA, PETALING
JAYA, SELANGOR, MALAYSIA |
720703-14-5616 |
09/10/2007 |
02/01/2008 |
|
SUZANA BINTI AHMAD |
C12-06, LI VILLAS CONDOMINIUM, 1, JALAN 16/20,
PETALING JAYA, SELANGOR, MALAYSIA |
650603-08-6072 |
09/10/2007 |
08/04/2009 |
|
NORAINI BINTI ABDULLAH |
670201-08-5358 |
21/09/2007 |
09/10/2007 |
|
|
PER ANDERS LARSSON |
RADJURSV 55,SE-23641, HOLLVUKEN, SWEDEN |
56753343 |
26/12/2008 |
15/03/2014 |
|
BERNADETTE ROSA MELI SBRIZ |
ABLASCHSTRASSE 74, 8759 GLARUS, SWITZERLAND |
F1829331 |
31/10/2007 |
26/12/2008 |
|
WONG WAI HONG |
6-13-2 PRISMA CHERAS CONDO, JALAN MIDAH 8A,
TAMAN MIDAH, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
641228-10-6961 |
01/09/2012 |
09/03/2015 |
|
LIEW KAM CHEONG |
NO:22 JALAN WALTER GRENIER, KUALA LUMPUR,
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
570628-10-5823 |
08/04/2009 |
05/05/2016 |
|
LEE CHEE KONG |
59 ADORA, PERSIARAN RESIDEN 2A, DESA PARKCITY,
KEPONG, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
710517-08-6123 |
09/03/2015 |
31/12/2017 |
|
LEIF ERIK MARTENSSON |
LINNEGATAN 116, 216 18 LIMHAMN, SWEDEN |
84029486 |
18/08/2015 |
02/05/2017 |
Note : The above information was generated from
our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
TEOH THEAN CHUAN |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
CROWE HORWATH |
|
Auditor' Address |
: |
LEVEL 16,TOWER C, MEGAN AVENUE II, 12, JALAN
YAP KWAN SENG, 50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
DATUK TAN LEH KIAH |
|
IC / PP No |
: |
7674298 |
|
|
New IC No |
: |
511227-02-5099 |
|
|
Address |
: |
95, LORONG TAMARIND, SOUTHERN PARK, 41200
KLANG, SELANGOR, MALAYSIA. |
|
|
2) |
Company Secretary |
: |
MS. LIM CHIEN JOO |
|
New IC No |
: |
800906-08-5940 |
|
|
Address |
: |
55, JALAN SAUJANA 2, AMPANG SAUJANA, 68000 AMPANG,
SELANGOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
HSBC BANK MALAYSIA BHD |
|
2) |
Name |
: |
MALAYAN BANKING BHD |
ENCUMBRANCE (S)
|
No encumbrance was found in our databank at the time of investigation.
CIVIL LITIGATION CHECK - SUBJECT COMPANY AS A
DEFENDANT
|
* A check has been conducted in our databank against 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.
CRIMINAL CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No criminal record was found in our databank.
CIVIL LITIGATION CHECK - SUBJECT COMPANY AS A
PLAINTIFF
|
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No plaintiff record was found in our databank.
CRIMINAL RECORDS CHECK - SUBJECT COMPANY AS A
PLAINTIFF
|
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of the
wound up companies in Malaysia.
No plaintiff record 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 listed by our customers and debtors that
have been placed or assigned to us for collection.
No defaulter record & debt collection case was found in our defaulters'
databank.
PAYMENT RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
] |
Good 31-60 Days |
[ |
] |
Average 61-90 Days |
[ |
X |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
WORLDWIDE |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Products manufactured |
: |
|
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
2015 |
2014 |
||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
350 |
300 |
300 |
300 |
300 |
||||
|
Branch |
: |
YES |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing of
bedding product and its related products.
The Subject is a premium bedding products manufacturer.
The Subject is a leading sleeping products manufacturer.
The Subject use high technology of machine in order to produce high quality of
products.
The Subject has various types of bedding products.
RECENT DEVELOPMENT
|
We have checked with the Malaysian National News Agency's (BERNAMA) database, but
no recent development was noted during the time of inspection.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-89250230 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
LOT 7 JALAN P1 BANGI INDUSTRIAL ESTATE
MALAYSIA |
|
Current Address |
: |
LOT 7, JALAN P/1, BANGI INDUSTRIAL ESTATE,
43650 BANDAR BARU BANGI, SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We have contacted one of the staff from the Subject and she provided some
information.
The address provided is incomplete.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
28.98% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
39.35% |
] |
|
|
The Subject's turnover increased steadily
as the demand for its products / services increased due to the goodwill built
up over the years.The higher profit could be attributed to the increase in
turnover. The Subject's management had generated acceptable return for its
shareholders using its assets. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
29 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
70 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
80 Days |
] |
|
|
The Subject's stocks were moving fast thus
reducing its holding cost. This had reduced funds being tied up in stocks.
The high debtors' ratio could indicate that the Subject was weak in its
credit control. However, the Subject could also giving longer credit periods
to its customers in order to boost its sales or to capture / retain its
market share. The unfavourable creditors' ratio could be due to the Subject
taking advantage of the credit granted by its suppliers. However this may
affect the goodwill between the Subject and its suppliers and the Subject may
inadvertently have to pay more for its future supplies. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
1.30 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.48 Times |
] |
|
|
A minimum liquid ratio of 1 should be
maintained by the Subject in order to assure its creditors of its ability to meet
short term obligations and the Subject was in a good liquidity position.
Thus, we believe the Subject is able to meet all its short term obligations
as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Favourable |
[ |
246.52 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The interest cover showed that the Subject
was able to service the interest. The favourable interest cover could indicate
that the Subject was making enough profit to pay for the interest accrued.
The Subject had no gearing and hence it had virtually no financial risk. The
Subject was financed by its shareholders' funds and internally generated
fund. During the economic downturn, the Subject, having a zero gearing, will
be able to compete better than those which are highly geared in the same
industry. |
||||||
|
Overall Assessment : |
||||||
|
Generally, the Subject's performance has improved
with higher turnover and profit. The Subject was in good liquidity position
with its total current liabilities well covered by its total current assets.
With its current net assets, the Subject should be able to repay its short
term obligations. With the favourable interest cover, the Subject could be
able to service all the accrued interest without facing any difficulties. The
Subject was a zero gearing company, it was solely dependant on its
shareholders to provide funds to finance its business. The Subject has good
chance of getting loans, if the needs arises. |
||||||
|
Overall financial condition of the Subject
: STABLE |
||||||
MALAYSIA ECONOMIC /
INDUSTRY OUTLOOK
|
|
Major Economic Indicators: |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Population ( Million) |
30.0 |
31.0 |
31.6 |
32.1 |
32.9 |
|
Gross Domestic Products ( % ) |
6.0 |
4.6 |
4.2 |
5.3 |
5.4 |
|
Domestic Demand ( % ) |
6.4 |
6.2 |
4.3 |
6.3 |
6.4 |
|
Private Expenditure ( % ) |
7.9 |
6.9 |
7.8 |
7.4 |
7.3 |
|
Consumption ( % ) |
6.5 |
6.1 |
5.1 |
6.9 |
6.8 |
|
Investment ( % ) |
12.0 |
8.1 |
10.0 |
9.3 |
8.9 |
|
Public Expenditure ( % ) |
2.3 |
4.2 |
3.3 |
5.3 |
5.5 |
|
Consumption ( % ) |
2.1 |
4.3 |
2.0 |
2.7 |
1.3 |
|
Investment ( % ) |
2.6 |
(1.0) |
1.1 |
3.4 |
3.8 |
|
Balance of Trade ( MYR Million ) |
82,480 |
91,577 |
88,145 |
94,593 |
96,993 |
|
Government Finance ( MYR Million ) |
(37,414) |
(37,194) |
(38,401) |
(39,887) |
(39,790) |
|
Government Finance to GDP / Fiscal Deficit
( % ) |
(3.4) |
(3.2) |
(3.1) |
(3.0) |
(2.8) |
|
Inflation ( % Change in Composite CPI) |
3.2 |
4.0 |
2.1 |
3.5 |
3.0 |
|
Unemployment Rate |
2.9 |
3.1 |
3.4 |
3.4 |
3.3 |
|
Net International Reserves ( MYR Billion ) |
417 |
390 |
391 |
- |
- |
|
Average Risk-Weighted Capital Adequacy
Ratio ( % ) |
4.00 |
3.50 |
- |
- |
- |
|
Average 3 Months of Non-performing Loans (
% ) |
2.10 |
2.00 |
1.90 |
- |
- |
|
Average Base Lending Rate ( % ) |
6.85 |
6.79 |
6.81 |
6.73 |
- |
|
Business Loans Disbursed( % ) |
18.6 |
2.2 |
- |
- |
- |
|
Foreign Investment ( MYR Million ) |
43,486.6 |
43,435.0 |
- |
- |
- |
|
Consumer Loans ( % ) |
- |
- |
- |
- |
- |
|
Registration of New Companies ( No. ) |
49,203 |
45,658 |
43,255 |
- |
- |
|
Registration of New Companies ( % ) |
6.1 |
(7.2) |
(5.3) |
- |
- |
|
Liquidation of Companies ( No. ) |
11,099 |
7,066 |
- |
- |
- |
|
Liquidation of Companies ( % ) |
(19.5) |
(36.3) |
- |
- |
- |
|
Registration of New Business ( No. ) |
332,723 |
364,230 |
376,720 |
- |
- |
|
Registration of New Business ( % ) |
1.0 |
9.0 |
3.0 |
- |
- |
|
Business Dissolved ( No. ) |
21,436 |
- |
- |
- |
- |
|
Business Dissolved ( % ) |
18.0 |
- |
- |
- |
- |
|
Sales of New Passenger Cars (' 000 Unit ) |
588.3 |
591.3 |
514.6 |
527.8 |
- |
|
Cellular Phone Subscribers ( Million ) |
44.0 |
44.2 |
44.0 |
- |
- |
|
Tourist Arrival ( Million Persons ) |
27.4 |
25.7 |
30.2 |
30.1 |
- |
|
Hotel Occupancy Rate ( % ) |
63.6 |
58.8 |
61.2 |
- |
- |
|
Credit Cards Spending ( % ) |
5.8 |
6.8 |
6.3 |
- |
- |
|
Bad Cheque Offenders (No.) |
- |
- |
- |
- |
- |
|
Individual Bankruptcy ( No.) |
22,351 |
18,457 |
- |
- |
- |
|
Individual Bankruptcy ( % ) |
1.7 |
(17.4) |
- |
- |
- |
|
INDUSTRIES ( % of Growth ): |
2014 |
2015 |
2016 |
2017* |
2018** |
|
Agriculture |
2.0 |
1.3 |
(5.1) |
5.6 |
2.4 |
|
Palm Oil |
6.7 |
7.0 |
(12.7) |
11.8 |
- |
|
Rubber |
(10.4) |
(11.0) |
(6.3) |
10.8 |
- |
|
Forestry & Logging |
(4.2) |
(7.2) |
(3.0) |
(15.0) |
- |
|
Fishing |
2.7 |
2.1 |
2.2 |
0.2 |
- |
|
Other Agriculture |
6.2 |
6.0 |
5.1 |
2.4 |
- |
|
Industry Non-Performing Loans ( MYR Million
) |
303.8 |
343.7 |
420.3 |
- |
- |
|
% of Industry Non-Performing Loans |
1.4 |
1.5 |
1.8 |
- |
- |
|
Mining |
3.3 |
5.3 |
2.2 |
0.5 |
0.9 |
|
Oil & Gas |
3.0 |
3.5 |
4.5 |
- |
- |
|
Other Mining |
46.6 |
47.1 |
42.6 |
- |
- |
|
Industry Non-performing Loans ( MYR Million
) |
63.5 |
180.1 |
190.0 |
- |
- |
|
% of Industry Non-performing Loans |
0.3 |
0.8 |
0.8 |
- |
- |
|
Manufacturing # |
6.1 |
4.9 |
4.4 |
5.5 |
5.3 |
|
Exported-oriented Industries |
7.1 |
6.5 |
4.3 |
6.5 |
- |
|
Electrical & Electronics |
11.8 |
9.2 |
6.8 |
9.3 |
- |
|
Rubber Products |
(1.3) |
5.1 |
5.0 |
6.9 |
- |
|
Wood Products |
7.8 |
7.0 |
7.8 |
7.3 |
- |
|
Textiles & Apparel |
10.8 |
7.5 |
7.5 |
7.4 |
- |
|
Domestic-oriented Industries |
7.7 |
4.7 |
3.4 |
6.2 |
- |
|
Food, Beverages & Tobacco |
6.1 |
8.9 |
7.5 |
11.0 |
- |
|
Chemical & Chemical Products |
1.4 |
3.5 |
4.5 |
3.5 |
- |
|
Plastic Products |
2.7 |
3.9 |
5.1 |
- |
- |
|
Iron & Steel |
2.8 |
1.6 |
2.2 |
- |
- |
|
Fabricated Metal Products |
2.8 |
4.6 |
5.6 |
4.6 |
- |
|
Non-metallic Mineral |
6.9 |
6.8 |
6.3 |
5.4 |
- |
|
Transport Equipment |
14.4 |
5.2 |
(3.1) |
4.7 |
- |
|
Paper & Paper Products |
4.7 |
3.2 |
5.4 |
5.8 |
- |
|
Crude Oil Refineries |
13.0 |
14.3 |
13.7 |
- |
- |
|
Industry Non-Performing Loans ( MYR Million
) |
5,730.8 |
4,243.7 |
4,214.1 |
- |
- |
|
% of Industry Non-Performing Loans |
25.6 |
19.0 |
18.5 |
- |
- |
|
Construction |
11.7 |
8.2 |
7.4 |
7.6 |
7.5 |
|
Industry Non-Performing Loans ( MYR Million
) |
1,666.4 |
1,638.0 |
1,793.9 |
- |
- |
|
% of Industry Non-Performing Loans |
7.5 |
7.3 |
7.9 |
- |
- |
|
Services |
6.6 |
5.1 |
5.6 |
5.9 |
5.8 |
|
Electric, Gas & Water |
3.8 |
3.6 |
5.4 |
2.5 |
2.6 |
|
Transport, Storage & Communication |
7.70 |
7.55 |
6.85 |
7.35 |
7.30 |
|
Wholesale, Retail, Hotel & Restaurant |
7.70 |
6.65 |
6.65 |
7.05 |
6.65 |
|
Finance, Insurance & Real Estate |
5.15 |
2.90 |
4.70 |
5.70 |
5.90 |
|
Government Services |
6.3 |
4.0 |
4.9 |
4.4 |
4.5 |
|
Other Services |
4.8 |
4.7 |
4.8 |
5.3 |
5.3 |
|
Industry Non-Performing Loans ( MYR Million
) |
5,373.5 |
6,806.6 |
7,190.6 |
- |
- |
|
% of Industry Non-Performing Loans |
24.1 |
30.5 |
31.5 |
- |
- |
|
* Estimate / Preliminary |
|||||
|
** Forecast |
|||||
|
# Based On Manufacturing Production
Index |
|||||
INDUSTRY ANALYSIS
|
|
MSIC CODE |
|
|
31009 : Manufacture of other furniture,
except of stone, concrete or ceramic |
|
|
INDUSTRY : |
FURNITURE & FIXTURES |
|
Ranked as the 10th largest exporter of furniture
in the world, Malaysia exports around 80% of its production. With large
markets in US, Japan and Australia, Malaysia has a strong position in the
global furniture industry. Increasing demand for Malaysian furniture products
coupled with innovation in the industry will ensure the growth of the
Malaysian furniture industry. |
|
|
Malaysia has always been known for its wood
based furniture, owing to its natural resources. The government has set an annual
growth target of 6.5% for wood based furniture, estimated to reach up to RM53
billion by year 2020. In recent years, the growth has shifted from producing
general products towards designing its own, and this has been key in
propelling Malaysia onto the international arena. Popular with overseas
buyers of the middle to high category, foreign buyers look to Malaysia for
manufacturers who can meet their high production demand. |
|
|
The furniture industry contributes
significantly to the total exports of timber and timber products, with
exports valued at RM9.53 billion in 2016, an increase of 4.2% compared to
2015. In 2016, the export of wooden furniture, in particular was valued at
RM7.56 billion, an increase of 4.2% compared to 2015. This sector is envisaged
to contribute RM16 billion to the country’s export earnings by 2020. He said,
he is confident that the export performance of furniture products will
continue to improve in the coming years. |
|
|
Despite numerous economic downturns, the
industry is still supported by a strong global demand. While lower priced
Chinese and Vietnamese furniture pose strong competition, Malaysian furniture
continues to set itself apart with original design that places importance on
aesthetics as well as its good work ethics. |
|
|
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) |
|
HILDING ANDERS MALAYSIA SDN. BHD. |
|
Financial Year End |
2016-12-31 |
2015-12-31 |
2014-12-31 |
2013-12-31 |
2012-12-31 |
|
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 |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
102,921,793 |
99,225,447 |
76,630,458 |
72,437,515 |
76,856,556 |
|
Other Income |
2,345,140 |
1,866,788 |
889,381 |
261,911 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
105,266,933 |
101,092,235 |
77,519,839 |
72,699,426 |
76,856,556 |
|
Costs of Goods Sold |
(58,637,183) |
(60,536,205) |
(53,841,329) |
(54,154,391) |
(59,325,658) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
46,629,750 |
40,556,030 |
23,678,510 |
18,545,035 |
17,530,898 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
13,153,761 |
8,003,941 |
5,218,767 |
4,827,231 |
6,187,758 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
13,153,761 |
8,003,941 |
5,218,767 |
4,827,231 |
6,187,758 |
|
Taxation |
(3,426,462) |
(4,638,497) |
(1,945,005) |
(1,913,579) |
(1,371,038) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
9,727,299 |
3,365,444 |
3,273,762 |
2,913,652 |
4,816,720 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
21,333,160 |
17,967,716 |
14,693,954 |
11,780,302 |
6,963,582 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
21,333,160 |
17,967,716 |
14,693,954 |
11,780,302 |
6,963,582 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
31,060,459 |
21,333,160 |
17,967,716 |
14,693,954 |
11,780,302 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
31,060,459 |
21,333,160 |
17,967,716 |
14,693,954 |
11,780,302 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Fixed deposit |
- |
- |
64,940 |
68,608 |
- |
|
Term loan / Borrowing |
53,576 |
146,002 |
- |
- |
- |
|
Others |
- |
- |
167,616 |
227,218 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
53,576 |
146,002 |
232,556 |
295,826 |
- |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
1,973,291 |
1,994,498 |
1,790,270 |
1,780,762 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
1,973,291 |
1,994,498 |
1,790,270 |
1,780,762 |
- |
|
============= |
============= |
============= |
============= |
||
|
|
|
|
|
|
|
BALANCE SHEET
|
|
HILDING ANDERS MALAYSIA SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
12,477,231 |
13,767,450 |
14,000,053 |
13,781,370 |
12,883,712 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Subsidiary companies |
- |
- |
- |
2,741,615 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
- |
- |
- |
2,741,615 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
12,477,231 |
13,767,450 |
14,000,053 |
16,522,985 |
12,883,712 |
|
CURRENT ASSETS |
|||||
|
Stocks |
8,051,754 |
8,385,676 |
8,759,304 |
8,881,631 |
7,622,749 |
|
Trade debtors |
19,614,740 |
19,172,904 |
5,853,098 |
4,301,753 |
4,458,329 |
|
Other debtors, deposits & prepayments |
476,001 |
664,298 |
319,810 |
163,616 |
114,988 |
|
Short term deposits |
12,251,788 |
3,300,000 |
- |
- |
- |
|
Amount due from holding company |
644,045 |
644,045 |
644,045 |
644,045 |
- |
|
Amount due from subsidiary companies |
- |
- |
- |
- |
11,298,569 |
|
Amount due from related companies |
10,859,053 |
8,924,217 |
13,756,227 |
10,389,425 |
- |
|
Cash & bank balances |
13,362,148 |
11,770,999 |
7,617,640 |
7,279,946 |
5,923,995 |
|
Others |
- |
- |
316,200 |
22,267 |
622,462 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
65,259,529 |
52,862,139 |
37,266,324 |
31,682,683 |
30,041,092 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
77,736,760 |
66,629,589 |
51,266,377 |
48,205,668 |
42,924,804 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
12,789,984 |
13,828,452 |
15,027,325 |
12,769,188 |
13,139,495 |
|
Other creditors & accruals |
13,526,133 |
12,742,912 |
8,333,406 |
6,649,435 |
5,703,921 |
|
Short term borrowings/Term loans |
145,833 |
1,750,000 |
1,750,000 |
1,750,000 |
1,750,000 |
|
Amounts owing to holding company |
10,040,679 |
4,706,032 |
2,742,275 |
4,406,039 |
2,481,242 |
|
Amounts owing to subsidiary companies |
- |
- |
- |
- |
82,225 |
|
Amounts owing to related companies |
6,447,626 |
7,669,399 |
1,049,822 |
1,675,912 |
- |
|
Provision for taxation |
1,079,177 |
1,953,801 |
- |
- |
- |
|
Other liabilities |
146,869 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
44,176,301 |
42,650,596 |
28,902,828 |
27,250,574 |
23,156,883 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
21,083,228 |
10,211,543 |
8,363,496 |
4,432,109 |
6,884,209 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Long term loans |
- |
145,833 |
1,895,833 |
3,645,833 |
5,250,000 |
|
Deferred taxation |
- |
- |
- |
115,307 |
237,619 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
- |
145,833 |
1,895,833 |
3,761,140 |
5,487,619 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
33,560,459 |
23,833,160 |
20,467,716 |
17,193,954 |
14,280,302 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
2,500,000 |
2,500,000 |
2,500,000 |
2,500,000 |
2,500,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
2,500,000 |
2,500,000 |
2,500,000 |
2,500,000 |
2,500,000 |
|
RESERVES |
|||||
|
Retained profit/(loss) carried forward |
31,060,459 |
21,333,160 |
17,967,716 |
14,693,954 |
11,780,302 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
31,060,459 |
21,333,160 |
17,967,716 |
14,693,954 |
11,780,302 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
33,560,459 |
23,833,160 |
20,467,716 |
17,193,954 |
14,280,302 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
HILDING ANDERS MALAYSIA SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
25,613,936 |
15,070,999 |
7,617,640 |
7,279,946 |
5,923,995 |
|
Net Liquid Funds |
25,613,936 |
15,070,999 |
7,617,640 |
7,279,946 |
5,923,995 |
|
Net Liquid Assets |
13,031,474 |
1,825,867 |
(395,808) |
(4,449,522) |
(738,540) |
|
Net Current Assets/(Liabilities) |
21,083,228 |
10,211,543 |
8,363,496 |
4,432,109 |
6,884,209 |
|
Net Tangible Assets |
33,560,459 |
23,833,160 |
20,467,716 |
17,193,954 |
14,280,302 |
|
Net Monetary Assets |
13,031,474 |
1,680,034 |
(2,291,641) |
(8,210,662) |
(6,226,159) |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
13,207,337 |
8,149,943 |
5,451,323 |
5,123,057 |
6,187,758 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
15,180,628 |
10,144,441 |
7,241,593 |
6,903,819 |
6,187,758 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
145,833 |
1,895,833 |
3,645,833 |
5,395,833 |
7,000,000 |
|
Total Liabilities |
44,176,301 |
42,796,429 |
30,798,661 |
31,011,714 |
28,644,502 |
|
Total Assets |
77,736,760 |
66,629,589 |
51,266,377 |
48,205,668 |
42,924,804 |
|
Net Assets |
33,560,459 |
23,833,160 |
20,467,716 |
17,193,954 |
14,280,302 |
|
Net Assets Backing |
33,560,459 |
23,833,160 |
20,467,716 |
17,193,954 |
14,280,302 |
|
Shareholders' Funds |
33,560,459 |
23,833,160 |
20,467,716 |
17,193,954 |
14,280,302 |
|
Total Share Capital |
2,500,000 |
2,500,000 |
2,500,000 |
2,500,000 |
2,500,000 |
|
Total Reserves |
31,060,459 |
21,333,160 |
17,967,716 |
14,693,954 |
11,780,302 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
3.73 |
29.49 |
5.79 |
(5.75) |
22.83 |
|
Proft/(Loss) Before Tax |
64.34 |
53.37 |
8.11 |
(21.99) |
35.58 |
|
Proft/(Loss) After Tax |
189.03 |
2.80 |
12.36 |
(39.51) |
48.39 |
|
Total Assets |
16.67 |
29.97 |
6.35 |
12.30 |
5.35 |
|
Total Liabilities |
3.22 |
38.96 |
(0.69) |
8.26 |
(8.43) |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.58 |
0.35 |
0.26 |
0.27 |
0.26 |
|
Liquid Ratio |
1.29 |
1.04 |
0.99 |
0.84 |
0.97 |
|
Current Ratio |
1.48 |
1.24 |
1.29 |
1.16 |
1.30 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
29 |
31 |
42 |
45 |
36 |
|
Debtors Ratio |
70 |
71 |
28 |
22 |
21 |
|
Creditors Ratio |
80 |
83 |
102 |
86 |
81 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
0 |
0.08 |
0.18 |
0.31 |
0.49 |
|
Liabilities Ratio |
1.32 |
1.80 |
1.50 |
1.80 |
2.01 |
|
Times Interest Earned Ratio |
246.52 |
55.82 |
23.44 |
17.32 |
0 |
|
Assets Backing Ratio |
13.42 |
9.53 |
8.19 |
6.88 |
5.71 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
12.78 |
8.07 |
6.81 |
6.66 |
8.05 |
|
Net Profit Margin |
9.45 |
3.39 |
4.27 |
4.02 |
6.27 |
|
Return On Net Assets |
39.35 |
34.20 |
26.63 |
29.80 |
43.33 |
|
Return On Capital Employed |
39.35 |
33.99 |
24.38 |
24.45 |
31.30 |
|
Return On Shareholders' Funds/Equity |
28.98 |
14.12 |
15.99 |
16.95 |
33.73 |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
0 |
0 |
0 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
MYR |
1 |
INR 16.84 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.