|
|
|
MIRA INFORM REPORT
|
Report No. : |
501675 |
|
Report Date : |
06.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
BOON HONG FISHERY
SDN. BHD. |
|
|
|
|
Registered Office : |
No.5 (1st Floor), Jalan Kijang, Taman Suntex,
Batu 9, 43200 Cheras, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2016 |
|
|
|
|
Date of Incorporation : |
16.06.2000 |
|
|
|
|
Com. Reg. No.: |
517017-V |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
trading of seafood. |
|
|
|
|
No. of Employees : |
35 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
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
|
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. |
: |
517017-V |
||||
|
GST NO. |
: |
002096619520 |
||||
|
COMPANY NAME |
: |
BOON HONG FISHERY SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
16/06/2000 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
NO.5 (1ST FLOOR), JALAN KIJANG, TAMAN
SUNTEX, BATU 9, 43200 CHERAS, SELANGOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
52, JALAN 2/3A, PUSAT PASAR BORONG, KM 12,
JALAN IPOH, 68100 BATU CAVES, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-61381332 |
||||
|
FAX.NO. |
: |
03-61389332 |
||||
|
CONTACT PERSON |
: |
ANG CHEE KEAN ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
47215 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF SEAFOOD |
||||
|
AUTHORISED CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 29,013,480 [2016] |
||||
|
NET WORTH |
: |
MYR 1,365,076 [2016] |
||||
|
STAFF STRENGTH |
: |
35 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
POOR |
||||
|
PAYMENT |
: |
SLOW BUT CORRECT |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
HIGH |
||||
|
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) trading of seafood.
The subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former Address(es)
|
Address |
As At Date |
|
5-1, JALAN 5/76B, DESA PANDAN, JALAN
KAMPUNG PANDAN, 55100, WILAYAH PERSEKUTUAN, MALAYSIA |
19/04/2010 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
16/06/2011 |
MYR 1,000,000.00 |
MYR 1,000,000.00 |
|
21/09/2005 |
MYR 500,000.00 |
MYR 250,000.00 |
|
29/06/2005 |
MYR 100,000.00 |
MYR 100,000.00 |
|
24/03/2005 |
MYR 100,000.00 |
MYR 4.00 |
|
16/06/2000 |
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 |
(%) |
|
MS. YAP LAI KIM + |
84, JALAN SRI SELAYANG 1, TAMAN SRI
SELAYANG, 68100 BATU CAVES, SELANGOR, MALAYSIA. |
550527-10-6706 4820434 |
500,000.00 |
50.00 |
|
MR. ANG CHEE KEAN + |
2, JALAN SG 7/7, TAMAN SRI GOMBAK, 68100
BATU CAVES, SELANGOR, MALAYSIA. |
780625-14-6107 |
250,000.00 |
25.00 |
|
ANG CHEE LIP + |
2,JALAN SG 7/7, TAMAN SRI GOMBAK, SELANGOR,
MALAYSIA. |
840424145927 |
250,000.00 |
25.00 |
|
--------------- |
------ |
|||
|
1,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
ANG BOON HONG |
N/A |
550726-08-5901 |
N/A |
N/A |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. ANG CHEE KEAN |
|
Address |
: |
2, JALAN SG 7/7, TAMAN SRI GOMBAK, 68100
BATU CAVES, SELANGOR, MALAYSIA. |
|
New IC No |
: |
780625-14-6107 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
23/03/2005 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
948202D |
BHF FOOD INDUSTRIES SDN. BHD. |
Director |
13/06/2011 |
25.00 |
25.00 |
MYR(2,401.00) |
2016 |
- |
23/02/2018 |
|
2 |
517017V |
BOON HONG FISHERY SDN. BHD. |
Director |
23/03/2005 |
250,000.00 |
25.00 |
MYR31,000.00 |
2016 |
- |
23/02/2018 |
|
3 |
1160786V |
COLD MART SDN. BHD. |
Director |
01/10/2015 |
35.00 |
35.00 |
MYR(3,732.00) |
2016 |
- |
23/02/2018 |
|
4 |
1161849X |
FROZEN AND COOK SDN. BHD. |
Director |
09/10/2015 |
35.00 |
35.00 |
MYR(3,732.00) |
2016 |
- |
23/02/2018 |
|
5 |
1197247T |
KIM RESTAURANT & BANQUET SDN. BHD. |
Director |
08/08/2016 |
40.00 |
40.00 |
- |
2016 |
- |
23/02/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
19688V |
HWA TAI INDUSTRIES BERHAD |
Shareholder |
- |
- |
107400.00 |
- |
|
2 |
282664K |
REX INDUSTRY BERHAD |
Shareholder |
- |
- |
598000.00 |
- |
|
3 |
676300V |
SEA MOUNTAIN FOODS SDN. BHD. |
Director |
01/09/2006 |
30/04/2009 |
- |
- |
|
4 |
676300V |
SEA MOUNTAIN FOODS SDN. BHD. |
Shareholder |
- |
- |
500.00 |
- |
DIRECTOR 2
|
Name Of Subject |
: |
ANG CHEE LIP |
|
Address |
: |
2,JALAN SG 7/7, TAMAN SRI GOMBAK, SELANGOR,
MALAYSIA. |
|
IC / PP No |
: |
840424145927 |
|
Date of Appointment |
: |
23/03/2005 |
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 |
517017V |
BOON HONG FISHERY SDN. BHD. |
Director |
23/03/2005 |
250,000.00 |
25.00 |
MYR31,000.00 |
2016 |
- |
23/02/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
MS. YAP LAI KIM |
|
Address |
: |
84, JALAN SRI SELAYANG 1, TAMAN SRI
SELAYANG, 68100 BATU CAVES, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
4820434 |
|
New IC No |
: |
550527-10-6706 |
|
Date of Birth |
: |
27/05/1955 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
16/06/2000 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
948202D |
BHF FOOD INDUSTRIES SDN. BHD. |
Director |
13/06/2011 |
50.00 |
50.00 |
MYR(2,401.00) |
2016 |
- |
23/02/2018 |
|
2 |
517017V |
BOON HONG FISHERY SDN. BHD. |
Director |
16/06/2000 |
500,000.00 |
50.00 |
MYR31,000.00 |
2016 |
- |
23/02/2018 |
|
3 |
1160786V |
COLD MART SDN. BHD. |
Director |
01/10/2015 |
40.00 |
40.00 |
MYR(3,732.00) |
2016 |
- |
23/02/2018 |
|
4 |
1161849X |
FROZEN AND COOK SDN. BHD. |
Shareholder |
- |
40.00 |
40.00 |
MYR(3,732.00) |
2016 |
- |
26/12/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
000683277V |
BOON HONG FISHERY |
SOLE PROPRIETORSHIP |
18/06/2004 |
28/05/2009 |
- |
- |
|
2 |
1161849X |
FROZEN AND COOK SDN. BHD. |
Director |
09/10/2015 |
01/12/2017 |
- |
- |
|
3 |
889509P |
THE PEAK NETWORK (M) SDN. BHD. |
Director |
15/03/2010 |
15/07/2010 |
- |
- |
|
4 |
000309613P |
YAP KOK LIM |
PARTNERSHIP |
18/06/2004 |
03/04/2015 |
- |
- |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
ANG BOON HONG |
2,JALAN SG 7/7,TMN SRI GOMBAK, BATU CAVES,
SELANGOR |
550726085901 |
16/06/2000 |
28/04/2005 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
ANG CHEE KEAN |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
C.M. LIM & CO |
|
Auditor' Address |
: |
J-1-3A, CONNAUGHT AVENUE, 38, JALAN 9,
TAMAN BUKIT CHERAS, 56000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. CHEN FUI MEI |
|
IC / PP No |
: |
A1637555 |
|
|
New IC No |
: |
700925-14-5162 |
|
|
Address |
: |
5-3-10, BLOK 5, JALAN 7/154D, TAMAN DESA
CHERAS, 56000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
PUBLIC BANK BHD |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
14/08/2012 |
FACILITIES AGREEMENT, BASIC DEBENTURE,
FIRST PARTY CHARGE AND LETTER OF GUARANTEE |
PUBLIC BANK BERHAD |
- |
Satisfied |
|
2 |
03/03/2015 |
FACILITIES AGREEMENT, FIRST PARTY CHARGE
AND LETTER OF GUARANTEE |
PUBLIC BANK BERHAD |
- |
Unsatisfied |
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 |
Percentage |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
SEAFOOD |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
||||||
|
COMPANY |
35 |
35 |
35 |
||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of
seafood.
The Subject sells seafood such fish, crab, prawns and others.
The Subject sells the products according to its customers' orders.
The Subject plans to further expand its variety of seafood.
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 |
: |
03-61381332 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
NO52, JALAN 2/3A PUSAT PASAR BORONG, KM12
JALAN 1POH, |
|
Current Address |
: |
52, JALAN 2/3A, PUSAT PASAR BORONG, KM 12,
JALAN IPOH, 68100 BATU CAVES, SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
The address provided is incomplete.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
2.27% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
28.49% |
] |
|
|
The fluctuating turnover reflects the
fierce competition among the existing and new market players.The Subject's
profit fell sharply because of the high operating costs incurred. The
unfavourable return on shareholders' funds could indicate that the Subject
was inefficient in utilising its assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
29 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
27 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
10 Days |
] |
|
|
The Subject's stocks were moving fast thus
reducing its holding cost. This had reduced funds being tied up in stocks.
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 |
: |
Unfavourable |
[ |
0.54 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.00 Times |
] |
|
|
A low liquid ratio means that the Subject
may be facing working capital deficiency. If the Subject cannot obtain additional
financing or injection of fresh capital, it may face difficulties in meeting
its short term obligations. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Unfavourable |
[ |
1.30 Times |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
4.05 Times |
] |
|
|
The Subject's interest cover was low. If
its profits fall or when interest rate rises, it may not be able to
meet all its interest payment. The Subject was highly geared, thus it had a high
financial risk. The Subject was dependent on loans to finance its business
needs. In times of economic downturn and / or high interest rate, the Subject
will become less profitable and competitive than other firms in the same
industry, which are lowly geared. This is because the Subject has to service
the interest and to repay the loan, which will erode part of its profits. The
profits will fluctuate depending on the Subject's turnover and the interest
it needs to pay. |
||||||
|
Overall Assessment : |
||||||
|
The Subject recorded lower profits as its
turnover showed a erratic trend. The Subject's management was unable to
control its costs efficiently as its profit showed a downward trend. Due to its
weak liquidity position, the Subject will be faced with problems in meeting
all its short term obligations if no short term loan is obtained or
additional capital injected into the Subject. If there is a fall in the
Subject's profit or any increase in interest rate, the Subject may not be
able to generate sufficient cash-flow to service its interest. The Subject's
gearing 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
: POOR |
||||||
|
|
||||||
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 |
|
|
47215 : Retail sale of fish, other seafood
and products thereof |
|
|
INDUSTRY : |
AGRICULTURE |
|
Agriculture in Malaysia makes up 8.1% of
the nation's GDP. 16% of the population of Malaysia is employed through some sort
of agriculture. Agriculture remained a key factor for economic growth and
under the 11th Malaysia Plan, the GDP for the sector is projected to achieve
RM93.2 billion and the figure is estimated to reach RM110.7 billion by 2020.
Agriculture remains a key facet of the country’s macroeconomic profile, with
an improved performance from the industry in 2017 likely to support growth in
downstream industries such as food and edible oil processing. |
|
|
The agriculture sector expanded at a slower
pace of 5.9% in second quarter 2017 after 8.3% in the second quarter 2016. |
|
|
Under Budget 2017, to assist paddy farmers,
RM1.3 billion allocated to subsidise paddy price, seeds and fertilisers
including hill paddy. In addition, for Agropreneur programme, RM100 million
allocated to produce 3,000 young entrepreneurs. A sum of RM1.3 billion is
allocated to increase food production at a competitive price. The allocation
is to develop agricultural infrastructure such as drainage and irrigation,
farm roads and marketing of agricultural products. High impact programmes
including paddy estates, aquaculture integrated zone and cage fish farms will
be continued. |
|
|
In addition, under Budget 2017, RM140 million
allocated for Distribution of Necessary Goods Programme, opening of four
MyFarmOutlets and upgrading of 150 Agrobazaar Rakyat 1Malaysia premises.
Furthermore, the Government also encourages the development of dairy industry
as well as madu kelulut and coconut, while reducing the dependability of
imported animal feed through the development of corn plantation as a pilot
project in Terengganu and Kedah. |
|
|
The Ministry of Agriculture and Agro-based
Industry is very committed to address the trade balance deficit of RM17
billion and lessen the country’s dependency on food imports and is developing
various plans to increase the country’s Self Sufficiency Level (SSL) for
food. |
|
|
Conclusively, the agriculture sector is a strong
contributor to Malaysia's GDP and total employment. |
|
|
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) |
|
BOON HONG FISHERY SDN. BHD. |
|
Financial Year End |
2016-06-30 |
2015-06-30 |
2014-06-30 |
2013-06-30 |
2012-06-30 |
|
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 |
29,013,480 |
31,724,484 |
30,697,587 |
28,343,224 |
33,899,244 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
29,013,480 |
31,724,484 |
30,697,587 |
28,343,224 |
33,899,244 |
|
Costs of Goods Sold |
(25,257,258) |
(27,793,594) |
(27,150,282) |
(24,919,870) |
(29,540,877) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
3,756,222 |
3,930,890 |
3,547,305 |
3,423,354 |
4,358,367 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
89,200 |
321,891 |
1,268,601 |
81,767 |
210,491 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
89,200 |
321,891 |
1,268,601 |
81,767 |
210,491 |
|
Taxation |
(58,200) |
(75,098) |
(90,518) |
(79,110) |
(77,241) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
31,000 |
246,793 |
1,178,083 |
2,657 |
133,250 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
334,076 |
87,283 |
909,200 |
906,543 |
773,293 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
334,076 |
87,283 |
909,200 |
906,543 |
773,293 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
365,076 |
334,076 |
2,087,283 |
909,200 |
906,543 |
|
DIVIDENDS - Ordinary (paid & proposed) |
- |
- |
(2,000,000) |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
365,076 |
334,076 |
87,283 |
909,200 |
906,543 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Bank overdraft |
30,182 |
30,273 |
46,921 |
44,553 |
45,289 |
|
Hire purchase |
2,728 |
- |
6 |
551 |
1,432 |
|
Term loan / Borrowing |
161,186 |
43,837 |
240,086 |
167,758 |
- |
|
Trust receipts |
105,661 |
88,500 |
93,607 |
95,814 |
106,750 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
299,757 |
162,610 |
380,620 |
308,676 |
153,471 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
93,382 |
72,177 |
10,814 |
69,175 |
94,119 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
93,382 |
72,177 |
10,814 |
69,175 |
94,119 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
BOON HONG FISHERY SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
4,567,346 |
4,542,319 |
41,261 |
7,544,654 |
6,923,240 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
4,567,346 |
4,542,319 |
41,261 |
7,544,654 |
6,923,240 |
|
CURRENT ASSETS |
|||||
|
Stocks |
2,278,150 |
2,000,973 |
4,123,422 |
4,409,362 |
6,042,315 |
|
Trade debtors |
2,181,070 |
2,494,821 |
1,798,017 |
2,296,107 |
2,378,896 |
|
Other debtors, deposits & prepayments |
226,367 |
107,832 |
863,670 |
279,132 |
180,969 |
|
Cash & bank balances |
217,050 |
1,366,985 |
536,609 |
119,387 |
53,950 |
|
Others |
6,869 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
4,909,506 |
5,970,611 |
7,321,718 |
7,103,988 |
8,656,130 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
9,476,852 |
10,512,930 |
7,362,979 |
14,648,642 |
15,579,370 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
680,791 |
980,932 |
1,936,288 |
2,216,957 |
1,175,599 |
|
Other creditors & accruals |
717,940 |
820,574 |
615,103 |
1,684,831 |
7,830,445 |
|
Hire purchase & lease creditors |
13,179 |
- |
- |
1,808 |
21,697 |
|
Bank overdraft |
494,342 |
- |
432,911 |
620,685 |
650,694 |
|
Short term borrowings/Term loans |
181,912 |
168,469 |
- |
163,996 |
- |
|
Bill & acceptances payable |
1,632,000 |
1,310,000 |
2,093,000 |
1,764,000 |
1,961,000 |
|
Amounts owing to director |
1,171,041 |
2,419,043 |
1,164,706 |
2,030,684 |
2,000,180 |
|
Provision for taxation |
- |
11,437 |
25,288 |
19,285 |
20,816 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
4,891,205 |
5,710,455 |
6,267,296 |
8,502,246 |
13,660,431 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
18,301 |
260,156 |
1,054,422 |
(1,398,258) |
(5,004,301) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Long term loans |
3,156,194 |
3,452,603 |
- |
4,230,760 |
- |
|
Hire purchase creditors |
46,379 |
- |
- |
- |
1,808 |
|
Deferred taxation |
17,998 |
15,796 |
8,400 |
6,436 |
10,588 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
3,220,571 |
3,468,399 |
8,400 |
4,237,196 |
12,396 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
1,365,076 |
1,334,076 |
1,087,283 |
1,909,200 |
1,906,543 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
RESERVES |
|||||
|
Retained profit/(loss) carried forward |
365,076 |
334,076 |
87,283 |
909,200 |
906,543 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
365,076 |
334,076 |
87,283 |
909,200 |
906,543 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
1,365,076 |
1,334,076 |
1,087,283 |
1,909,200 |
1,906,543 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
BOON HONG FISHERY SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
217,050 |
1,366,985 |
536,609 |
119,387 |
53,950 |
|
Net Liquid Funds |
(1,909,292) |
56,985 |
(1,989,302) |
(2,265,298) |
(2,557,744) |
|
Net Liquid Assets |
(2,259,849) |
(1,740,817) |
(3,069,000) |
(5,807,620) |
(11,046,616) |
|
Net Current Assets/(Liabilities) |
18,301 |
260,156 |
1,054,422 |
(1,398,258) |
(5,004,301) |
|
Net Tangible Assets |
1,365,076 |
1,334,076 |
1,087,283 |
1,909,200 |
1,906,543 |
|
Net Monetary Assets |
(5,480,420) |
(5,209,216) |
(3,077,400) |
(10,044,816) |
(11,059,012) |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
388,957 |
484,501 |
1,649,221 |
390,443 |
363,962 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
482,339 |
556,678 |
1,660,035 |
459,618 |
458,081 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
5,524,006 |
4,931,072 |
2,525,911 |
6,781,249 |
2,635,199 |
|
Total Liabilities |
8,111,776 |
9,178,854 |
6,275,696 |
12,739,442 |
13,672,827 |
|
Total Assets |
9,476,852 |
10,512,930 |
7,362,979 |
14,648,642 |
15,579,370 |
|
Net Assets |
1,365,076 |
1,334,076 |
1,087,283 |
1,909,200 |
1,906,543 |
|
Net Assets Backing |
1,365,076 |
1,334,076 |
1,087,283 |
1,909,200 |
1,906,543 |
|
Shareholders' Funds |
1,365,076 |
1,334,076 |
1,087,283 |
1,909,200 |
1,906,543 |
|
Total Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
Total Reserves |
365,076 |
334,076 |
87,283 |
909,200 |
906,543 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(8.55) |
3.35 |
8.31 |
(16.39) |
(1.41) |
|
Proft/(Loss) Before Tax |
(72.29) |
(74.63) |
1,451.48 |
(61.15) |
(38.48) |
|
Proft/(Loss) After Tax |
(87.44) |
(79.05) |
44,238.84 |
(98.01) |
(47.53) |
|
Total Assets |
(9.86) |
42.78 |
(49.74) |
(5.97) |
144.46 |
|
Total Liabilities |
(11.63) |
46.26 |
(50.74) |
(6.83) |
197.25 |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.04 |
0.24 |
0.09 |
0.01 |
0 |
|
Liquid Ratio |
0.54 |
0.70 |
0.51 |
0.32 |
0.19 |
|
Current Ratio |
1.00 |
1.05 |
1.17 |
0.84 |
0.63 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
29 |
23 |
49 |
57 |
65 |
|
Debtors Ratio |
27 |
29 |
21 |
30 |
26 |
|
Creditors Ratio |
10 |
13 |
26 |
32 |
15 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
4.05 |
3.70 |
2.32 |
3.55 |
1.38 |
|
Liabilities Ratio |
5.94 |
6.88 |
5.77 |
6.67 |
7.17 |
|
Times Interest Earned Ratio |
1.30 |
2.98 |
4.33 |
1.26 |
2.37 |
|
Assets Backing Ratio |
1.37 |
1.33 |
1.09 |
1.91 |
1.91 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
0.31 |
1.01 |
4.13 |
0.29 |
0.62 |
|
Net Profit Margin |
0.11 |
0.78 |
3.84 |
0.01 |
0.39 |
|
Return On Net Assets |
28.49 |
36.32 |
151.68 |
20.45 |
19.09 |
|
Return On Capital Employed |
7.64 |
10.09 |
107.89 |
5.77 |
14.05 |
|
Return On Shareholders' Funds/Equity |
2.27 |
18.50 |
108.35 |
0.14 |
6.99 |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
1.70 |
0 |
0 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.06 |
|
|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.77 |
|
MYR |
1 |
INR 16.81 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
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.