|
|
|
MIRA INFORM REPORT
|
Report No. : |
501087 |
|
Report Date : |
03.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
DNP IMAGINGCOMM
ASIA SDN. BHD. |
|
|
|
|
Formerly Known As : |
DNP IMS MALAYSIA SDN. BHD. (11/06/2014) |
|
|
|
|
Registered Office : |
PLO 676, Jalan Nikel, Kawasan Perindustrian
Pasir Gudang, 81707 Pasir Gudang, Johor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
29.02.2012 |
|
|
|
|
Com. Reg. No.: |
980094-U |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
manufacturing thermal transfer ribbon. |
|
|
|
|
No. of Employees : |
130 [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+ |
Low Risk |
Business dealings permissible with low
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. |
: |
980094-U |
||||
|
GST NO. |
: |
001742819328 |
||||
|
COMPANY NAME |
: |
DNP IMAGINGCOMM ASIA SDN. BHD. |
||||
|
FORMER NAME |
: |
DNP IMS MALAYSIA SDN. BHD. (11/06/2014) |
||||
|
INCORPORATION DATE |
: |
29/02/2012 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
PLO 676, JALAN NIKEL, KAWASAN PERINDUSTRIAN
PASIR GUDANG, 81707 PASIR GUDANG, JOHOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
PLO 676, JALAN NIKEL 4, KAWASAN PERINDUSTRIAN
PASIR GUDANG, 81700 PASIR GUDANG, JOHOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
07-2578400 |
||||
|
FAX.NO. |
: |
07-2578590 |
||||
|
WEB SITE |
: |
WWW.DNPIMAGINGCOMM.ASIA |
||||
|
CONTACT PERSON |
: |
KOZO ODAMURA ( MANAGING DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
329 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING THERMAL TRANSFER RIBBON |
||||
|
AUTHORISED CAPITAL |
: |
MYR 200,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 190,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 195,544,287 [2016] |
||||
|
NET WORTH |
: |
MYR 229,358,295 [2016] |
||||
|
STAFF STRENGTH |
: |
130 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
STRONG |
||||
|
PAYMENT |
: |
REGULAR |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL 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 thermal transfer ribbon.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
The immediate and ultimate holding company of
the Subject is DAI NIPPON PRINTING CO. LTD, a company incorporated in JAPAN.
Former Address(es)
|
Address |
As At Date |
|
89, JALAN TAMPOI, KAWASAN PERINDUSTRIAN TAMPOI,
80350, JOHOR, MALAYSIA |
01/07/2013 |
|
19, JALAN THAMBY ABDULLAH SATU,
BRISKFIELDS, 50470, WILAYAH PERSEKUTUAN, MALAYSIA |
01/10/2013 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
25/02/2014 |
MYR 200,000,000.00 |
MYR 190,000,000.00 |
|
25/07/2013 |
MYR 200,000,000.00 |
MYR 159,000,000.00 |
|
30/01/2013 |
MYR 200,000,000.00 |
MYR 119,000,000.00 |
|
30/08/2012 |
MYR 200,000,000.00 |
MYR 40,000,000.00 |
|
29/02/2012 |
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 |
(%) |
|
DAI NIPPON PRINTING CO. LTD |
1-1-1, ICHIGAYA-KAGACHO, SHINJUKU-KU, TOKYO
162-8001 ,JAPAN |
0111-01-012069 |
190,000,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
190,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
ONG SEE KOK |
MALAYSIA |
570705-01-6753 |
N/A |
N/A |
|
TAN KONG CHAI |
MALAYSIA |
561010-01-6437 |
N/A |
N/A |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. KOZO ODAMURA |
|
Address |
: |
BLOCK F-7-E3, THE STRAIT VIEW CONDOMINIUM, 8,
JALAN PERMAS SELATAN, BANDAR BARU PERMAS JAYA, 81750 MASAI, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
TZ1104730 |
|
Date of Birth |
: |
17/08/1968 |
|
Nationality |
: |
JAPANESE |
|
Date of Appointment |
: |
21/01/2014 |
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 |
980094U |
DNP IMAGINGCOMM ASIA SDN. BHD. |
Director |
21/01/2014 |
0.00 |
- |
MYR26,483,188.00 |
2016 |
- |
23/02/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
MASATO KOIKE |
|
Address |
: |
3-4-18, OZENJINISHI, ASAO-KU, KAWASAKI-SHI,
KANAGAWA, 215-0017, JAPAN. |
|
IC / PP No |
: |
TR4987565 |
|
Date of Birth |
: |
20/06/1950 |
|
Nationality |
: |
JAPANESE |
|
Date of Appointment |
: |
01/08/2012 |
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 |
980094U |
DNP IMAGINGCOMM ASIA SDN. BHD. |
Director |
01/08/2012 |
0.00 |
- |
MYR26,483,188.00 |
2016 |
- |
23/02/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
KOICHI SHIRAI |
|
Address |
: |
BLOCK A-13-W3, STRAITS VIEW CONDO, 8, JALAN
PERMAS SELATAN, BANDAR BARU PERMAS JAYA, 81750 MASAI, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
TZ1083747 |
|
Date of Birth |
: |
27/12/1965 |
|
Nationality |
: |
JAPANESE |
|
Date of Appointment |
: |
01/04/2013 |
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 |
980094U |
DNP IMAGINGCOMM ASIA SDN. BHD. |
Director |
01/04/2013 |
0.00 |
- |
MYR26,483,188.00 |
2016 |
- |
23/02/2018 |
DIRECTOR 4
|
Name Of Subject |
: |
KAZUO MURAKAMI |
|
Address |
: |
2-30-14, NARASHINODAI, FUNABASHI-SHI,
CHIBA, 274-0063, JAPAN. |
|
IC / PP No |
: |
TK0586643 |
|
Date of Birth |
: |
08/07/1963 |
|
Nationality |
: |
JAPANESE |
|
Date of Appointment |
: |
12/04/2016 |
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 |
980094U |
DNP IMAGINGCOMM ASIA SDN. BHD. |
Director |
12/04/2016 |
0.00 |
- |
MYR26,483,188.00 |
2016 |
- |
23/02/2018 |
DIRECTOR 5
|
Name Of Subject |
: |
TSUNEAKI MIWA |
|
Address |
: |
965, BUKIT TIMAH ROAD, 09-05 FLORIDIAN,
589662, SINGAPORE. |
|
IC / PP No |
: |
TZ1168188 |
|
Date of Birth |
: |
20/12/1961 |
|
Nationality |
: |
JAPANESE |
|
Date of Appointment |
: |
01/07/2016 |
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 |
980094U |
DNP IMAGINGCOMM ASIA SDN. BHD. |
Director |
01/07/2016 |
0.00 |
- |
MYR26,483,188.00 |
2016 |
- |
23/02/2018 |
DIRECTOR 6
|
Name Of Subject |
: |
HIROSHI TAKANO |
|
Address |
: |
BISUTARIE KOYODAI 2-205, 6 CHOME-1, KOYODAI,
INAGI-SHI, TOKYO, 206 0803, JAPAN. |
|
IC / PP No |
: |
TR8458620 |
|
Date of Appointment |
: |
01/04/2017 |
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 |
980094U |
DNP IMAGINGCOMM ASIA SDN. BHD. |
Director |
01/04/2017 |
0.00 |
- |
MYR26,483,188.00 |
2016 |
- |
23/02/2018 |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
KATSUYUKI OSHIMA |
1-4-3, TOMIMACHI KITA-KU, OKAYAMA-SHI,
OKAYAMA, 700-0031 JAPAN |
TH6333766 |
01/08/2012 |
24/06/2014 |
|
KAZUHIKO OCHI |
903, 1-29-3, MIYAMACHI, FUCHUU-SHI, TOKYO
183-0023, JAPAN |
TH2997016 |
01/08/2012 |
21/01/2014 |
|
MINEO YAMAUCHI |
1-28-2-102 HANAKOGANEI MINAMICHO,
KODAIRASHI, TOKYO, 187-0003 JAPAN |
TK0366689 |
05/03/2014 |
01/04/2015 |
|
TAN KONG CHAI |
NO:4,JALAN DATARAN 1/8, TMN KEMPAS, JOHOR
BAHRU, JOHOR, MALAYSIA |
561010-01-6437 |
29/02/2012 |
20/01/2014 |
|
ONG SEE KOK |
NO. 56, JALAN BELIBIS, TAMAN PERLING, JOHOR
BAHRU, JOHOR, MALAYSIA |
570705-01-6753 |
29/02/2012 |
21/01/2014 |
|
HIROSHI TANAKA |
6-26 OGAYA5-CHOME, OTSU-SHI,SIGA, 520-2144
JAPAN |
TH1388515 |
21/01/2014 |
24/06/2014 |
|
HIROYUKI ARAMATA |
15-8-906, TAKASU 3 CHO-ME, MIHAMAKU,
CHIBA-SHI, CHIBA, 261-004, JAPAN |
TH8604710 |
24/06/2014 |
11/11/2015 |
|
TORU HONDA |
KURESENTOMANSHON 613, 87-2,, BENTENCHO,
SHINJUKU-KU, JAPAN |
TZ0621614 |
11/11/2015 |
01/04/2017 |
|
HITOSHI NAGASAKA |
1-16-34 TAKEOKA, KIYOSE-SHI, TOKYO, JAPAN
204 0023, KIYOSE-SHI, TERENGGANU, MALAYSIA |
TK6614268 |
01/04/2017 |
31/08/2017 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
KOZO ODAMURA |
|
Position |
: |
MANAGING DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
DELOITTE PLT (LLP0010145-LCA) |
|
Auditor' Address |
: |
21, JALAN TUN ABDUL RAZAK, SUSUR 1/1, 80000
JOHOR BAHRU, JOHOR, MALAYSIA. |
|
|
|
|
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. CHONG KANG YIN |
|
IC / PP No |
: |
5472950 |
|
|
New IC No |
: |
580414-08-5256 |
|
|
Address |
: |
52, JALAN PINANG 30, TAMAN DAYA, 81100
JOHOR BAHRU, JOHOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
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 |
[ |
X |
] |
Average 61-90 Days |
[ |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
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 |
130 |
130 |
130 |
130 |
130 |
||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing thermal
transfer ribbon.
The Subject is engaged in the manufacturing of imaging products.
The Group is the world's largest manufacturer of thermal transfer ribbons for
barcode and dye-sublimation printers.
DNP was one of the first companies to pioneer thermal transfer ribbon
technology - and the oldest company to start business development in thermal
transfer ribbon technology.
RECENT DEVELOPMENT
|
April 17, 2013
Dai Nippon Printing Co Ltd (DNP) of Japan will invest five billion yen
(RM170.5mil) to establish a new plant in Pasir Gudang, Johor, for the
production of dye sublimation thermal transfer media used for photo printing.
The new plant is scheduled for completion in September and DNP IMS Malaysia Sdn
Bhd was established as the operating subsidiary for the new manufacturing
plant.By 2016, the new company aims for sales of 4 billion yen (RM136.40mil).
DNP operates its photo print business on a global scale using facilities in
Japan, Europe and the United States.
“The demand for dry digital photo prints is expanding worldwide in line with
the growth of digital cameras and smart phones. The emerging nations of
South-East Asia are seeing increased demand for digital photo print, with ID
photo needs also experiencing a marked increase.
“In order to capitalise on these developments, DNP has decided to build a new
dye sublimation media manufacturing plant in Malaysia, and will actively expand
operations in South-East Asia,” it said in statement posted on its website.
In June 2012, DNP established DNP Asia Pacific Pte Ltd in Singapore to oversee
the Asian region, and this new company has pushed ahead with research
activities, including market research targeting business expansion in the
region. The new dye sublimation media supplies plant has been established as
part of these activities, and will work to expand the photo print business. Dye
sublimation thermal transfer media is used when printing digital images in a thermal
transfer print technology.
The media set is composed of an ink ribbon and a dedicated receiver paper. The
dye from the ink ribbon is transferred to the receiver paper to match the
intensity of the image making it possible to create high-quality photos prints,
with smooth gradations, similar to silver halide photography.
Dye sublimation prints are highly durable, economical and can be quickly
produced. Expanded use is foreseen mainly in the areas of commercial photo
printing such as photo print kiosk terminals, dry minilabs and ID photos.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
07-2578400 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
PLO 676 JALAN NIKEL 4 KAWASAN PERINDUSTRIAN
PASIR GUDANG 81700 PASIR GUDANG, JOHOR |
|
Current Address |
: |
PLO 676, JALAN NIKEL 4, KAWASAN
PERINDUSTRIAN PASIR GUDANG, 81700 PASIR GUDANG, JOHOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
11.55% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
15.50% |
] |
|
|
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 |
: |
Unfavourable |
[ |
71 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
17 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
18 Days |
] |
|
|
The Subject could be incurring higher
holding cost. As its capital was tied up in stocks, it could face liquidity
problems. The favourable debtors' days could be due to the good credit control
measures implemented by the Subject. The Subject had a favourable creditors'
ratio where the Subject could be taking advantage of the cash discounts and
also wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
3.24 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
3.89 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 |
: |
Nil |
[ |
0.00 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was nil as it
did not pay any interest during the year. 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. The Subject did not make any interest payment during the
year. The Subject was dependent on its shareholders' funds to finance its
business needs. 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
: STRONG |
||||||
|
|
||||||
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 |
|
|
329 : Other manufacturing n.e.c. |
|
|
INDUSTRY : |
MANUFACTURING |
|
The manufacturing sector is forecast to
increase 5.3% in year 2018 (2017: 5.5%). Output of export-oriented industries
is projected to expand on account of sustained demand for E&E, refined
petroleum and woods products. Growth in the domestic-oriented industries is
anticipated to remain resilient supported by ongoing construction of
infrastructure projects as well as strong demand for consumer products,
especially food and transport equipment. |
|
|
Value added of the manufacturing sector
expanded further by 5.8% during the first half of 2017 (January – June 2016:
4.4%) with expansion across a wide range of outputs in both the export- and
domestic-oriented industries. During the first eight months, production
increased 6.4%, while sales rebounded significantly by 15.6% to RM500.2
billion (January – August 2016: 4%; -0.7%; RM432.8 billion). Output of
export-oriented industries rose 6.5% (January – August 2016: 4.3%) led by an
upturn in global electronics cycle and further enhanced by strong demand for
resource-based products. Meanwhile, domestic-oriented industries expanded
6.2% (January – August 2016: 3.4%) benefiting from vibrant consumption and
construction activities. |
|
|
Within the export-oriented industries,
E&E output expanded 9.3% while sales surged 16.3% to RM169.5 billion
(January – August 2016: 6.8%; 9%; RM145.8 billion). Growth emanated mainly from
the expansion in output of printed circuit boards, semiconductor devices and
electronic integrated circuits which strengthened further by 24.4%, 11.9% and
16.9% (January – August 2016: 11.9%; 5.9%; 15%), respectively. This is in
line with the trend in global semiconductor sales which is expected to expand
11.5% in 2017, the highest level since 2010. On the contrary, the output of
computers and peripheral equipment contracted 7.7% (January – August 2016:
3.1%) as a result of lower demand for notebooks and personal computers
following rising preferences for smartphones and tablets. Meanwhile, consumer
electronics grew at a moderate pace of 2.6% (January – August 2016: 5.3%)
partly due to lower demand for in-car entertainment, portable media players
and digital cameras. |
|
|
Output of wood and wood products grew 7.3%
(January – August 2016: 7.8%). The growth was primarily supported by output
of sawmilling and planning of wood which expanded 14.7% (January – August 2016:
16.8%) in response to strong demand from Australia, Japan and the US.
Meanwhile, production of wooden and cane furniture remained steady at 10.9%
(January – August 2016: 10.9%), benefiting from greater adoption of
technology and diversification of export markets. |
|
|
Manufacture of food products rose 11.2%,
largely attributed to a significant increase in refined palm oil at 26.1%
(January – August 2016: 6.3%; -3.3%), following higher production of CPO.
Meanwhile, output of other food products grew 7% supported by production of
bread, cakes and other bakery (15.6%) as well as biscuits and cookies (12%)
to meet the rising demand from households (January – August 2016: 11.1%;
19.2%; 19.1%). |
|
|
For the year, the manufacturing sector is projected
to expand further by 5.5% (2016: 4.4%) mainly attributed to an upturn in
global semiconductor sales as well as higher demand for consumer products and
construction materials. |
|
|
OVERALL INDUSTRY OUTLOOK : Marginal Growth |
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
DNP IMAGINGCOMM ASIA 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 |
10 |
|
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 |
195,544,287 |
157,051,692 |
78,457,606 |
3,323,770 |
- |
|
Other Income |
- |
- |
- |
2,398,690 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
195,544,287 |
157,051,692 |
78,457,606 |
5,722,460 |
- |
|
Costs of Goods Sold |
(147,535,654) |
(124,768,697) |
(75,575,820) |
(6,263,865) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
48,008,633 |
32,282,995 |
2,881,786 |
(541,405) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
35,544,817 |
25,522,603 |
(3,882,421) |
(2,958,123) |
(292,304) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
35,544,817 |
25,522,603 |
(3,882,421) |
(2,958,123) |
(292,304) |
|
Taxation |
(9,061,629) |
(5,137,798) |
(366,594) |
- |
(11,163) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
26,483,188 |
20,384,805 |
(4,249,015) |
(2,958,123) |
(303,467) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
12,874,200 |
(7,510,605) |
(3,261,590) |
(303,467) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
12,874,200 |
(7,510,605) |
(3,261,590) |
(303,467) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
39,357,388 |
12,874,200 |
(7,510,605) |
(3,261,590) |
(303,467) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
39,357,388 |
12,874,200 |
(7,510,605) |
(3,261,590) |
(303,467) |
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
10,050,872 |
9,927,982 |
8,091,804 |
567,174 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
10,050,872 |
9,927,982 |
8,091,804 |
567,174 |
- |
|
============= |
============= |
============= |
============= |
||
|
|
|
|
|
|
|
BALANCE SHEET
|
|
DNP IMAGINGCOMM ASIA SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
109,801,797 |
125,063,276 |
129,053,696 |
101,851,327 |
2,939,333 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Others |
9,383,616 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
9,383,616 |
- |
- |
- |
- |
|
INTANGIBLE ASSETS |
|||||
|
Computer software |
253,607 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL INTANGIBLE ASSETS |
253,607 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
119,439,020 |
125,063,276 |
129,053,696 |
101,851,327 |
2,939,333 |
|
CURRENT ASSETS |
|||||
|
Stocks |
26,684,774 |
26,140,287 |
18,741,540 |
1,759,212 |
- |
|
Contract work-in-progress |
11,485,595 |
6,962,680 |
4,364,419 |
897,978 |
- |
|
Trade debtors |
9,033,922 |
8,954,580 |
6,854,374 |
- |
- |
|
Other debtors, deposits & prepayments |
1,195,626 |
2,145,124 |
2,595,689 |
929,484 |
2,991,106 |
|
Short term deposits |
74,000,000 |
28,500,000 |
22,000,000 |
7,662,735 |
- |
|
Amount due from holding company |
572,428 |
2,357,639 |
1,107,216 |
- |
- |
|
Amount due from related companies |
30,897,388 |
30,694,107 |
15,980,421 |
3,425,933 |
- |
|
Cash & bank balances |
5,619,945 |
15,329,948 |
12,249,848 |
85,000,000 |
37,087,114 |
|
Others |
964,348 |
1,329,590 |
82,749 |
66,249 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
160,454,026 |
122,413,955 |
83,976,256 |
99,741,591 |
40,078,220 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
279,893,046 |
247,477,231 |
213,029,952 |
201,592,918 |
43,017,553 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
7,291,674 |
7,172,503 |
2,194,182 |
921,545 |
- |
|
Other creditors & accruals |
9,175,457 |
7,199,663 |
7,759,774 |
25,594,201 |
2,984,790 |
|
Amounts owing to holding company |
14,320,427 |
19,296,544 |
15,572,545 |
14,437,575 |
- |
|
Amounts owing to related companies |
10,488,488 |
5,914,321 |
5,014,056 |
4,901,187 |
325,067 |
|
Provision for taxation |
- |
- |
- |
- |
11,163 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
41,276,046 |
39,583,031 |
30,540,557 |
45,854,508 |
3,321,020 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
119,177,980 |
82,830,924 |
53,435,699 |
53,887,083 |
36,757,200 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Deferred taxation |
9,258,705 |
5,020,000 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
9,258,705 |
5,020,000 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
229,358,295 |
202,874,200 |
182,489,395 |
155,738,410 |
39,696,533 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
190,000,000 |
190,000,000 |
190,000,000 |
159,000,000 |
40,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
190,000,000 |
190,000,000 |
190,000,000 |
159,000,000 |
40,000,000 |
|
RESERVES |
|||||
|
Exchange equalisation/fluctuation reserve |
907 |
- |
- |
- |
- |
|
Retained profit/(loss) carried forward |
39,357,388 |
12,874,200 |
(7,510,605) |
(3,261,590) |
(303,467) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
39,358,295 |
12,874,200 |
(7,510,605) |
(3,261,590) |
(303,467) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
229,358,295 |
202,874,200 |
182,489,395 |
155,738,410 |
39,696,533 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
DNP IMAGINGCOMM ASIA SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
79,619,945 |
43,829,948 |
34,249,848 |
92,662,735 |
37,087,114 |
|
Net Liquid Funds |
79,619,945 |
43,829,948 |
34,249,848 |
92,662,735 |
37,087,114 |
|
Net Liquid Assets |
92,493,206 |
56,690,637 |
34,694,159 |
52,127,871 |
36,757,200 |
|
Net Current Assets/(Liabilities) |
119,177,980 |
82,830,924 |
53,435,699 |
53,887,083 |
36,757,200 |
|
Net Tangible Assets |
229,104,688 |
202,874,200 |
182,489,395 |
155,738,410 |
39,696,533 |
|
Net Monetary Assets |
83,234,501 |
51,670,637 |
34,694,159 |
52,127,871 |
36,757,200 |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
35,544,817 |
25,522,603 |
(3,882,421) |
(2,958,123) |
(292,304) |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
45,595,689 |
35,450,585 |
4,209,383 |
(2,390,949) |
(292,304) |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
0 |
0 |
0 |
0 |
0 |
|
Total Liabilities |
50,534,751 |
44,603,031 |
30,540,557 |
45,854,508 |
3,321,020 |
|
Total Assets |
279,893,046 |
247,477,231 |
213,029,952 |
201,592,918 |
43,017,553 |
|
Net Assets |
229,358,295 |
202,874,200 |
182,489,395 |
155,738,410 |
39,696,533 |
|
Net Assets Backing |
229,358,295 |
202,874,200 |
182,489,395 |
155,738,410 |
39,696,533 |
|
Shareholders' Funds |
229,358,295 |
202,874,200 |
182,489,395 |
155,738,410 |
39,696,533 |
|
Total Share Capital |
190,000,000 |
190,000,000 |
190,000,000 |
159,000,000 |
40,000,000 |
|
Total Reserves |
39,358,295 |
12,874,200 |
(7,510,605) |
(3,261,590) |
(303,467) |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
24.51 |
100.17 |
2,260.50 |
- |
- |
|
Proft/(Loss) Before Tax |
39.27 |
757.39 |
(31.25) |
(912.00) |
- |
|
Proft/(Loss) After Tax |
29.92 |
579.75 |
(43.64) |
(874.78) |
- |
|
Total Assets |
13.10 |
16.17 |
5.67 |
368.63 |
- |
|
Total Liabilities |
13.30 |
46.05 |
(33.40) |
1,280.74 |
- |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
1.93 |
1.11 |
1.12 |
2.02 |
11.17 |
|
Liquid Ratio |
3.24 |
2.43 |
2.14 |
2.14 |
12.07 |
|
Current Ratio |
3.89 |
3.09 |
2.75 |
2.18 |
12.07 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
71 |
77 |
107 |
292 |
0 |
|
Debtors Ratio |
17 |
21 |
32 |
0 |
0 |
|
Creditors Ratio |
18 |
21 |
11 |
54 |
0 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
0 |
0 |
0 |
0 |
0 |
|
Liabilities Ratio |
0.22 |
0.22 |
0.17 |
0.29 |
0.08 |
|
Times Interest Earned Ratio |
0 |
0 |
0 |
0 |
0 |
|
Assets Backing Ratio |
1.21 |
1.07 |
0.96 |
0.98 |
0.99 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
18.18 |
16.25 |
(4.95) |
(89.00) |
0 |
|
Net Profit Margin |
13.54 |
12.98 |
(5.42) |
(89.00) |
0 |
|
Return On Net Assets |
15.50 |
12.58 |
(2.13) |
(1.90) |
(0.74) |
|
Return On Capital Employed |
14.88 |
12.28 |
(2.13) |
(1.90) |
(0.74) |
|
Return On Shareholders' Funds/Equity |
11.55 |
10.05 |
(2.33) |
(1.90) |
(0.76) |
|
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 16.80 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.