|
|
|
MIRA INFORM REPORT
|
Report No. : |
504516 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MESTIKA TRADE
SERVICES & LOGISTICS SDN. BHD. |
|
|
|
|
Formerly Known As : |
MENG SIANG TRADING & SERVICES SDN. BHD.
(15/01/2016) |
|
|
|
|
Registered Office : |
23A-4 (Suite B), Setia Avenue, 2, Jalan
Setia Prima S U13/S, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.07.2016 |
|
|
|
|
Date of Incorporation : |
07.04.2004 |
|
|
|
|
Com. Reg. No.: |
648154-K |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
providing of jetty services, forwarding services. |
|
|
|
|
No. of Employees : |
20 [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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
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. |
: |
648154-K |
||||
|
GST NO. |
: |
001110999040 |
||||
|
COMPANY NAME |
: |
MESTIKA TRADE SERVICES & LOGISTICS SDN.
BHD. |
||||
|
FORMER NAME |
: |
MENG SIANG TRADING & SERVICES SDN. BHD.
(15/01/2016) |
||||
|
INCORPORATION DATE |
: |
07/04/2004 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
23A-4 (SUITE B), SETIA AVENUE, 2, JALAN SETIA
PRIMA S U13/S, SETIA ALAM, SEKSYEN U13, 40170 SHAH ALAM, SELANGOR, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
ASA NIAGA PELABUHAN, BARTER TRADE WISMA
DATO SHAARI NO T2-37, TINGKAT 2 LOT 14473 JALAN PELABUHAN, 42000 PELABUHAN
KLANG, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-31671619 |
||||
|
FAX.NO. |
: |
03-31671617 |
||||
|
CONTACT PERSON |
: |
TAN CHEE MENG ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
52291 |
||||
|
PRINCIPAL ACTIVITY |
: |
PROVIDING OF JETTY SERVICES, FORWARDING
SERVICES |
||||
|
AUTHORISED CAPITAL |
: |
MYR 100,000.00
DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 100,000.00
DIVIDED INTO |
||||
|
SALES |
: |
MYR 5,897,038 [2016] |
||||
|
NET WORTH |
: |
MYR 3,619,507 [2016] |
||||
|
STAFF STRENGTH |
: |
20 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
SLOW BUT CORRECT |
||||
|
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) providing of jetty services, forwarding services.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former Address(es)
|
Address |
As At Date |
|
10A, LEBUH GOPENG, 41400, SELANGOR, MALAYSIA |
15/11/2015 |
|
32A-2, LORONG BATU NILAM 3A, BANDAR BUKIT
TINGGI, 41200, SELANGOR, MALAYSIA |
24/10/2012 |
|
L2-3-4C, PELANGI PROMENADE, JALAN PEKAN
BARU 36, 41050, SELANGOR, MALAYSIA |
25/01/2017 |
|
JETTY AWAL IDAMAN, SUNGAI RABUAN GURAB, PULAU
INDAH, 42000, SELANGOR, MALAYSIA |
N/A |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
07/01/2005 |
MYR 100,000.00 |
MYR 100,000.00 |
|
12/04/2004 |
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 |
(%) |
|
MR. TAN CHEE KEONG + |
1, JALAN JELAI 1, KAWASAN 9, OFF JALAN KIM CHUAN,
42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
751220-10-5283 |
25,000.00 |
25.00 |
|
MS. TAN SOH HONG + |
1, JALAN JELAI 1, KAWASAN 9, OFF JALAN KIM
CHUAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
700623-10-5528 A1541942 |
25,000.00 |
25.00 |
|
MR. TAN CHEE MENG + |
1, JALAN JELAI 1, KAWASAN 9, OFF JALAN KIM
CHUAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
710829-10-5039 A1935754 |
25,000.00 |
25.00 |
|
MS. GAN BEE LING + |
951, JALAN LETCHUMANAN, PANDAMARAN, 42000 PELABUHAN
KLANG, SELANGOR, MALAYSIA. |
760229-10-5102 A3234465 |
25,000.00 |
25.00 |
|
--------------- |
------ |
|||
|
100,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies (Subsidiaries/Associates)
are shown as follow :
|
Local No |
Country |
Company |
Status |
(%) |
As At |
|
918862A |
MALAYSIA |
SETIA PREMIX SDN. BHD. |
- |
25.00 |
26/03/2018 |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. TAN CHEE KEONG |
|
Address |
: |
1, JALAN JELAI 1, KAWASAN 9, OFF JALAN KIM
CHUAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
|
New IC No |
: |
751220-10-5283 |
|
Date of Birth |
: |
20/12/1975 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
07/04/2004 |
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 |
692756D |
ASIA TRADE & HANDLING SERVICES SDN.
BHD. |
Director |
17/01/2011 |
30,000.00 |
30.00 |
MYR(2,537.00) |
2016 |
- |
26/03/2018 |
|
2 |
470551X |
MESTIKA ASAHAN SDN. BHD. |
Shareholder |
- |
1.00 |
33.33 |
MYR(47,175.00) |
2006 |
In the process of striking off |
26/03/2018 |
|
3 |
648154K |
MESTIKA TRADE SERVICES & LOGISTICS SDN.
BHD. |
Director |
07/04/2004 |
25,000.00 |
25.00 |
MYR145,926.00 |
2016 |
- |
26/03/2018 |
|
4 |
940820H |
PEMBANGUNAN BENAR MULIA SDN. BHD. |
Shareholder |
- |
22,500.00 |
22.50 |
MYR(2,454.00) |
2017 |
- |
26/03/2018 |
|
5 |
918862A |
SETIA PREMIX SDN. BHD. |
Director |
19/10/2010 |
75,000.00 |
5.00 |
MYR2,135,835.00 |
2016 |
- |
26/03/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
560932W |
LASER PLUS SDN. BHD. |
Director |
06/01/2012 |
26/05/2016 |
- |
- |
|
2 |
470551X |
MESTIKA ASAHAN SDN. BHD. |
Director |
20/10/1998 |
22/02/2000 |
- |
In the process of striking off |
|
3 |
940821T |
PEMBINAAN ISTIANAS SDN. BHD. |
Shareholder |
- |
- |
22500.00 |
- |
DIRECTOR 2
|
Name Of Subject |
: |
MS. TAN SOH HONG |
|
Address |
: |
1, JALAN JELAI 1, KAWASAN 9, OFF JALAN KIM
CHUAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A1541942 |
|
New IC No |
: |
700623-10-5528 |
|
Date of Birth |
: |
23/06/1970 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
07/04/2004 |
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 |
1094905D |
GERBANG MESRA SDN. BHD. |
Director |
23/07/2014 |
34.00 |
34.00 |
MYR(63,276.00) |
2016 |
- |
26/03/2018 |
|
2 |
457089U |
INTAN HECTARE PLANTATION SDN. BHD. |
Shareholder |
- |
15,000.00 |
1.00 |
MYR860,951.00 |
2016 |
- |
26/03/2018 |
|
3 |
648154K |
MESTIKA TRADE SERVICES & LOGISTICS SDN.
BHD. |
Director |
07/04/2004 |
25,000.00 |
25.00 |
MYR145,926.00 |
2016 |
- |
26/03/2018 |
|
4 |
625582T |
THAI IN (M) INTER TRADE SDN. BHD. |
Director |
20/11/2009 |
122,500.00 |
49.00 |
MYR50,101.00 |
2016 |
- |
26/03/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. TAN CHEE MENG |
|
Address |
: |
1, JALAN JELAI 1, KAWASAN 9, OFF JALAN KIM
CHUAN, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
NO. 26, JALAN PLATINUM 7/36, SEKSYEN 7,
40000 SHAH ALAM, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A1935754 |
|
New IC No |
: |
710829-10-5039 |
|
Date of Birth |
: |
29/08/1971 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
29/12/2004 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
see below |
|
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 |
1043639W |
ACARA RESOURCES SDN. BHD. |
Director |
19/06/2013 |
25.00 |
25.00 |
MYR(105,677.00) |
2016 |
- |
26/03/2018 |
|
2 |
672900A |
ADVANCE INTERCITY LOGISTICS SDN. BHD. |
Director |
09/06/2016 |
1,000,000.00 |
50.00 |
MYR(229,614.00) |
2016 |
- |
26/03/2018 |
|
3 |
802815K |
ALIME PLAS SDN. BHD. |
Director |
30/05/2013 |
700,000.00 |
48.95 |
MYR381,441.00 |
2015 |
- |
26/03/2018 |
|
4 |
1168370U |
ALOFT MARKETING SDN. BHD. |
Director |
08/03/2017 |
200,035.00 |
40.00 |
MYR(47.00) |
2016 |
- |
26/03/2018 |
|
5 |
692756D |
ASIA TRADE & HANDLING SERVICES SDN.
BHD. |
Director |
10/05/2007 |
70,000.00 |
70.00 |
MYR(2,537.00) |
2016 |
- |
26/03/2018 |
|
6 |
1194644K |
BEACON FARM SDN. BHD. |
Shareholder |
- |
100,000.00 |
25.00 |
- |
2016 |
- |
26/03/2018 |
|
7 |
973177V |
BEGITU JAYA DEVELOPMENT SDN. BHD. |
Director |
18/01/2012 |
1.00 |
50.00 |
MYR(2,685.00) |
2016 |
- |
26/03/2018 |
|
8 |
1027583T |
BENDANG CEMERLANG SDN. BHD. |
Director |
05/12/2013 |
25,000.00 |
50.00 |
MYR(379,298.00) |
2017 |
- |
26/03/2018 |
|
9 |
861827T |
BRIGHT BUILDERS SDN. BHD. |
Director |
17/08/2009 |
100,000.00 |
20.00 |
MYR7,027.00 |
2011 |
In the process of striking off |
26/03/2018 |
|
10 |
1206638M |
BRITANNIA PAVILION SDN. BHD. |
Director |
18/11/2016 |
749,999.00 |
50.00 |
- |
2016 |
- |
26/03/2018 |
|
11 |
1130436H |
BUKIT BIRU RESOURCES SDN. BHD. |
Director |
05/02/2015 |
200,000.00 |
50.00 |
MYR(4,194.00) |
2016 |
- |
26/03/2018 |
|
12 |
886070K |
C PLUS LOGISTICS SDN. BHD. |
Director |
30/03/2015 |
340,000.00 |
34.00 |
MYR(557,623.00) |
2016 |
- |
26/03/2018 |
|
13 |
663912H |
CHIN HUAT TRADING SDN. BHD. |
Director |
25/08/2004 |
250,000.00 |
50.00 |
MYR1,720,886.00 |
2016 |
- |
26/03/2018 |
|
14 |
525300D |
CPS RESOURCES SDN. BHD. |
Director |
08/09/2011 |
68,000.00 |
17.00 |
MYR(8,422.00) |
2016 |
- |
26/03/2018 |
|
15 |
877939A |
ECOTIUM SDN. BHD. |
Shareholder |
- |
16,000.00 |
6.91 |
MYR(5,752.00) |
2016 |
- |
26/03/2018 |
|
16 |
744753W |
EMPIRE WEALTH SDN. BHD. |
Director |
03/04/2012 |
10,000.00 |
10.00 |
MYR2,851,237.00 |
2016 |
- |
26/03/2018 |
|
17 |
866099M |
ENERTREE CORPORATION SDN. BHD. |
Shareholder |
- |
16,000.00 |
6.91 |
MYR(10,588.00) |
2016 |
- |
26/03/2018 |
|
18 |
262988H |
FOREBEACH RESOURCE SDN. BHD. |
Director |
01/10/2008 |
500,000.00 |
50.00 |
MYR(37,210.00) |
2016 |
- |
26/03/2018 |
|
19 |
357785V |
GARISAN KERJAYA (M) SDN. BHD. |
Shareholder |
- |
10,000.00 |
5.00 |
MYR97,646.00 |
2016 |
- |
26/03/2018 |
|
20 |
928389H |
GLOBAL SUNPOINT SDN. BHD. |
Director |
28/11/2013 |
25,000.00 |
25.00 |
MYR(131,050.00) |
2016 |
- |
26/03/2018 |
|
21 |
328206V |
GUBAHAN JAYA SDN. BHD. |
Director |
19/10/2005 |
255,000.00 |
51.00 |
MYR(131,073.00) |
2016 |
- |
26/03/2018 |
|
22 |
895293P |
HESTEC CONSTRUCTION SDN. BHD. |
Shareholder |
- |
300,000.00 |
20.00 |
MYR5,626,459.00 |
2017 |
- |
26/03/2018 |
|
23 |
457089U |
INTAN HECTARE PLANTATION SDN. BHD. |
Director |
07/02/2012 |
165,000.00 |
11.00 |
MYR860,951.00 |
2016 |
- |
26/03/2018 |
|
24 |
1057245H |
JAI SERVICES SDN. BHD. |
Director |
02/08/2013 |
3,400.00 |
34.00 |
MYR125,758.00 |
2016 |
- |
26/03/2018 |
|
25 |
547652V |
JETI AWAL IDAMAN SDN. BHD. |
Director |
16/03/2007 |
50,000.00 |
25.00 |
MYR(230,816.00) |
2016 |
- |
26/03/2018 |
|
26 |
700069X |
KEMBANG SEJIWA SDN. BHD. |
Director |
20/01/2006 |
80,000.00 |
40.00 |
MYR(7,911.00) |
2017 |
- |
26/03/2018 |
|
27 |
1005693M |
LANTAS JASA SDN. BHD. |
Director |
02/10/2013 |
2,000.00 |
2.50 |
MYR4,384,521.00 |
2016 |
- |
26/03/2018 |
|
28 |
560932W |
LASER PLUS SDN. BHD. |
Director |
02/01/2009 |
1,737,500.00 |
50.00 |
MYR(7,502,220.00) |
2016 |
- |
26/03/2018 |
|
29 |
269092V |
LUAS SELASIH SDN. BHD. |
Shareholder |
- |
16,000.00 |
6.91 |
MYR(20,401.00) |
2016 |
- |
26/03/2018 |
|
30 |
654596X |
LZ SPEED MASTER SERVICE SDN. BHD. |
Director |
02/06/2004 |
20,000.00 |
20.00 |
MYR71,637.00 |
2016 |
- |
26/03/2018 |
|
31 |
776838M |
MAX-ALLIED CONSTRUCTION SDN. BHD. |
Director |
20/08/2007 |
900,000.00 |
60.00 |
MYR(67,858.00) |
2009 |
- |
26/03/2018 |
|
32 |
807515U |
MAX-BUILDER SDN. BHD. |
Director |
25/02/2008 |
6.00 |
60.00 |
MYR(3,524.00) |
2016 |
- |
26/03/2018 |
|
33 |
853334A |
MAX-JAYA BINA SDN. BHD. |
Director |
13/04/2009 |
6.00 |
60.00 |
MYR(140,594.00) |
2016 |
- |
26/03/2018 |
|
34 |
807530W |
MAX-STEEL FABRICATOR SDN. BHD. |
Director |
25/02/2008 |
288,000.00 |
64.00 |
MYR(99,171.00) |
2016 |
- |
26/03/2018 |
|
35 |
759044K |
MELANGI RESIDENCE SDN. BHD. |
Director |
28/01/2012 |
1.00 |
50.00 |
MYR(127.00) |
2016 |
- |
26/03/2018 |
|
36 |
948501T |
MENG SIANG PLASTIC SDN. BHD. |
Director |
14/06/2011 |
70.00 |
70.00 |
MYR(1,635.00) |
2016 |
- |
26/03/2018 |
|
37 |
660761V |
MENG SIANG TRADING ASIA SDN. BHD. |
Director |
26/07/2004 |
60,000.00 |
30.00 |
MYR323,849.00 |
2016 |
- |
26/03/2018 |
|
38 |
470551X |
MESTIKA ASAHAN SDN. BHD. |
Shareholder |
- |
1.00 |
33.33 |
MYR(47,175.00) |
2006 |
In the process of striking off |
26/03/2018 |
|
39 |
1142901W |
MESTIKA HYDRO ENGINEERING SDN. BHD. |
Director |
30/04/2015 |
83,334.00 |
33.33 |
MYR129,831.00 |
2016 |
- |
26/03/2018 |
|
40 |
887063A |
MESTIKA JAYA CONSTRUCTION & PLUMBING
SDN. BHD. |
Director |
20/01/2010 |
84,000.00 |
33.60 |
MYR284,232.00 |
2016 |
- |
26/03/2018 |
|
41 |
763909P |
MESTIKA JAYA RAYA SDN. BHD. |
Director |
27/02/2007 |
125,000.00 |
25.00 |
MYR(105,163.00) |
2016 |
- |
26/03/2018 |
|
42 |
1143127K |
MESTIKA PLUMBING SDN. BHD. |
Director |
05/05/2015 |
1.00 |
25.00 |
MYR(37,431.00) |
2016 |
- |
26/03/2018 |
|
43 |
648154K |
MESTIKA TRADE SERVICES & LOGISTICS SDN.
BHD. |
Director |
29/12/2004 |
25,000.00 |
25.00 |
MYR145,926.00 |
2016 |
- |
26/03/2018 |
|
44 |
976898K |
MULTIPLEX AUTO CARE SDN. BHD. |
Director |
02/02/2012 |
90,000.00 |
30.00 |
MYR(3,610.00) |
2017 |
- |
26/03/2018 |
|
45 |
704613U |
NEW-AGE PORTFOLIO SDN. BHD. |
Director |
15/01/2009 |
140,000.00 |
14.00 |
MYR10,613.00 |
2017 |
- |
26/03/2018 |
|
46 |
1025776D |
NINETY THREE SOON LEE COLD STORAGE SDN.
BHD. |
Director |
05/03/2013 |
250,000.00 |
25.00 |
MYR(292,770.00) |
2016 |
- |
26/03/2018 |
|
47 |
1102168X |
NS WORLD DEVELOPMENT SDN. BHD. |
Director |
21/03/2017 |
50,000.00 |
25.00 |
MYR(3,929.00) |
2016 |
- |
26/03/2018 |
|
48 |
763182P |
ODYSSEY 888 SDN. BHD. |
Director |
22/01/2009 |
154,001.00 |
70.00 |
MYR(21,255.00) |
2017 |
- |
26/03/2018 |
|
49 |
260422W |
ONOSTATIC SDN. BHD. |
Director |
05/03/2011 |
180,000.00 |
36.00 |
MYR1,112,847.00 |
2016 |
- |
26/03/2018 |
|
50 |
630821K |
PALING ULUNG SDN. BHD. |
Director |
26/01/2010 |
1.00 |
50.00 |
MYR24,678.00 |
2016 |
- |
26/03/2018 |
|
51 |
940820H |
PEMBANGUNAN BENAR MULIA SDN. BHD. |
Director |
11/05/2011 |
27,500.00 |
27.50 |
MYR(2,454.00) |
2017 |
- |
26/03/2018 |
|
52 |
940821T |
PEMBINAAN ISTIANAS SDN. BHD. |
Director |
11/05/2011 |
20,000.00 |
20.00 |
MYR2,669,935.00 |
2016 |
- |
26/03/2018 |
|
53 |
535233M |
PEMBINAAN LENGKAP PERMAI SDN. BHD. |
Director |
14/11/2011 |
125,000.00 |
50.00 |
MYR40,510.00 |
2016 |
- |
26/03/2018 |
|
54 |
968585T |
PERNIAGAAN SAYUR-SAYURAN NAM HAI SDN. BHD. |
Director |
17/11/2011 |
1.00 |
20.00 |
MYR(91,081.00) |
2014 |
Disolved by Registrar |
26/03/2018 |
|
55 |
977594X |
PREMGOLD HOUSING DEVELOPMENT SDN. BHD. |
Director |
28/02/2012 |
1.00 |
50.00 |
MYR(3,229.00) |
2016 |
- |
26/03/2018 |
|
56 |
1060723D |
PT TOP EXIM SDN. BHD. |
Shareholder |
- |
230.00 |
10.00 |
- |
2016 |
- |
26/03/2018 |
|
57 |
969247M |
RAWANG CEMENT PRODUCTS SDN. BHD. |
Director |
06/12/2011 |
75,000.00 |
25.00 |
MYR794,196.00 |
2017 |
- |
26/03/2018 |
|
58 |
829917K |
RC PADU PLANTATION SDN. BHD. |
Director |
27/04/2010 |
500,000.00 |
50.00 |
MYR(123,687.00) |
2011 |
- |
26/03/2018 |
|
59 |
1092905X |
RCP READY MIX SDN. BHD. |
Director |
12/05/2014 |
25.00 |
25.00 |
MYR31,745.00 |
2016 |
- |
26/03/2018 |
|
60 |
1017019H |
REWASAN SDN. BHD. |
Director |
02/10/2013 |
0.00 |
- |
MYR5,343,045.00 |
2016 |
- |
26/03/2018 |
|
61 |
1127238D |
SEJATI BAKERY TRADING SDN. BHD. |
Director |
26/01/2017 |
3.00 |
30.00 |
MYR(4,384.00) |
2016 |
- |
26/03/2018 |
|
62 |
253985X |
SELINGAN AKTIF SDN. BHD. |
Director |
03/05/1996 |
50,000.00 |
50.00 |
MYR15,052.00 |
2016 |
- |
26/03/2018 |
|
63 |
1212648M |
SETIA PREMIX RESOURCES SDN. BHD. |
Director |
16/12/2016 |
0.00 |
- |
- |
2016 |
- |
26/03/2018 |
|
64 |
918862A |
SETIA PREMIX SDN. BHD. |
Director |
19/10/2010 |
300,000.00 |
20.00 |
MYR2,135,835.00 |
2016 |
- |
26/03/2018 |
|
65 |
1238034A |
SETIA SAND MINING & TRADING SDN. BHD. |
Director |
10/07/2017 |
1.00 |
50.00 |
- |
2016 |
- |
26/03/2018 |
|
66 |
345246U |
SIMBOL IMPIAN SDN. BHD. |
Director |
21/11/1997 |
105,000.00 |
50.00 |
MYR(2,157.00) |
2016 |
- |
26/03/2018 |
|
67 |
460532A |
SUNGAI BURUNG PLANTATIONS (SABAH) SDN. BHD. |
Director |
27/07/2009 |
1,436,820.00 |
55.00 |
MYR396,407.00 |
2016 |
- |
26/03/2018 |
|
68 |
1201797X |
SUNGAI PAKAU ESTATE SDN. BHD. |
Director |
01/11/2016 |
0.00 |
- |
- |
2016 |
- |
26/03/2018 |
|
69 |
1199726T |
SUWADI MACHINERY SDN. BHD. |
Director |
25/08/2016 |
200,000.00 |
40.00 |
- |
2016 |
- |
26/03/2018 |
|
70 |
1205955A |
SUWADI RESOURCES SDN. BHD. |
Director |
20/10/2016 |
1.00 |
20.00 |
- |
2016 |
- |
26/03/2018 |
|
71 |
798258T |
SUWADI ZAW TRADING SDN. BHD. |
Director |
13/08/2010 |
93,000.00 |
31.00 |
MYR40,002.00 |
2017 |
- |
26/03/2018 |
|
72 |
525449X |
TAN CHIN HUAT & BROTHERS SDN. BHD. |
Director |
07/09/2000 |
250,000.00 |
50.00 |
MYR469,004.00 |
2016 |
- |
26/03/2018 |
|
73 |
1086878K |
TEMASEK TEGUH SDN. BHD. |
Shareholder |
- |
5.00 |
5.00 |
MYR(227,056.00) |
2016 |
- |
26/03/2018 |
|
74 |
625582T |
THAI IN (M) INTER TRADE SDN. BHD. |
Director |
20/08/2003 |
127,500.00 |
51.00 |
MYR50,101.00 |
2016 |
- |
26/03/2018 |
|
75 |
1012819P |
UNITED SUCCES MACHINERY & TRADING SDN.
BHD. |
Director |
07/08/2012 |
250,000.00 |
50.00 |
MYR(4,360.00) |
2013 |
- |
26/03/2018 |
|
76 |
634308A |
USAHA PIMPINAN SDN. BHD. |
Director |
01/12/2003 |
100,000.00 |
50.00 |
MYR721,812.00 |
2015 |
- |
26/03/2018 |
|
77 |
776837P |
VIVA TROPIKA DEVELOPMENT SDN. BHD. |
Director |
19/06/2007 |
250,000.00 |
50.00 |
MYR11,327.00 |
2016 |
- |
26/03/2018 |
|
78 |
1233430U |
WESTFIELD VICTORY SDN. BHD. |
Director |
13/06/2017 |
750,000.00 |
50.00 |
- |
2016 |
- |
26/03/2018 |
|
79 |
862714A |
WIJAYAMAS SDN. BHD. |
Director |
13/11/2009 |
250,000.00 |
25.00 |
MYR(80,511.00) |
2016 |
- |
26/03/2018 |
|
80 |
950622T |
WINNING FUSION SDN. BHD. |
Director |
18/11/2011 |
330,000.00 |
33.00 |
MYR(1,061,922.00) |
2016 |
- |
26/03/2018 |
|
81 |
894597H |
WINSTAR FOOD & BEVERAGE SDN. BHD. |
Shareholder |
- |
10.00 |
10.00 |
MYR1,489.00 |
2016 |
In the process of striking off |
26/03/2018 |
|
82 |
1211984M |
YCT PROPERTIES SDN. BHD. |
Director |
09/12/2016 |
1.00 |
33.33 |
- |
2016 |
- |
26/03/2018 |
|
83 |
1178305A |
YWY ENGINEERING SDN. BHD. |
Shareholder |
- |
200,000.00 |
20.00 |
MYR(148,991.00) |
2016 |
- |
26/03/2018 |
|
84 |
1223700P |
YWY LAND SDN. BHD. |
Shareholder |
- |
4.00 |
20.00 |
- |
2016 |
- |
26/03/2018 |
|
85 |
1223738U |
YWY REALTY SDN. BHD. |
Shareholder |
- |
4.00 |
20.00 |
- |
2016 |
- |
26/03/2018 |
|
86 |
984671M |
ZENICOM SDN. BHD. |
Director |
30/10/2012 |
25,000.00 |
25.00 |
MYR21,270.00 |
2016 |
- |
26/03/2018 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
SA0215724H |
CHIN HUAT TRADING COMPANY |
SOLE PROPRIETORSHIP |
08/03/2012 |
100.00 |
- |
26/03/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
315834M |
DAKOTA ENGINEERING SDN. BHD. |
Director |
16/07/2014 |
17/02/2015 |
- |
- |
|
2 |
757190M |
MAXIMUM RESPECT SDN. BHD. |
Director |
05/12/2007 |
02/10/2009 |
- |
- |
|
3 |
757190M |
MAXIMUM RESPECT SDN. BHD. |
Shareholder |
- |
- |
33333.00 |
- |
|
4 |
313619W |
MILUX CORPORATION BERHAD |
Shareholder |
- |
- |
1645250.00 |
- |
|
5 |
1060723D |
PT TOP EXIM SDN. BHD. |
Director |
03/09/2013 |
25/03/2015 |
- |
- |
|
6 |
708796M |
REGINA DEVELOPMENT SDN. BHD. |
Director |
18/02/2009 |
19/10/2009 |
- |
- |
|
7 |
708796M |
REGINA DEVELOPMENT SDN. BHD. |
Shareholder |
- |
- |
2.00 |
- |
|
8 |
1086878K |
TEMASEK TEGUH SDN. BHD. |
Director |
07/05/2014 |
26/11/2015 |
- |
- |
|
9 |
338247U |
UTAS HASIL SDN. BHD. |
Director |
25/05/2006 |
02/04/2008 |
- |
- |
|
10 |
338247U |
UTAS HASIL SDN. BHD. |
Shareholder |
- |
- |
2.00 |
- |
DIRECTOR 4
|
Name Of Subject |
: |
MS. GAN BEE LING |
|
Address |
: |
951, JALAN LETCHUMANAN, PANDAMARAN, 42000
PELABUHAN KLANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A3234465 |
|
New IC No |
: |
760229-10-5102 |
|
Date of Birth |
: |
29/02/1976 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
29/12/2004 |
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 |
660761V |
MENG SIANG TRADING ASIA SDN. BHD. |
Director |
26/07/2004 |
60,000.00 |
30.00 |
MYR323,849.00 |
2016 |
- |
26/03/2018 |
|
2 |
648154K |
MESTIKA TRADE SERVICES & LOGISTICS SDN.
BHD. |
Director |
29/12/2004 |
25,000.00 |
25.00 |
MYR145,926.00 |
2016 |
- |
26/03/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
832866U |
ALL KURMA SDN. BHD. |
Director |
30/01/2009 |
10/10/2009 |
- |
- |
|
2 |
747703W |
MOTIVASI HANDAL SDN. BHD. |
Director |
18/02/2009 |
20/12/2012 |
- |
- |
|
3 |
747703W |
MOTIVASI HANDAL SDN. BHD. |
Shareholder |
- |
- |
1.00 |
- |
MANAGEMENT
|
|
1) |
Name of Subject |
: |
TAN CHEE MENG |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
TEY LING & ASSOCIATES |
|
Auditor' Address |
: |
23A-4 (SUITE B), SETIA AVENUE, 2, JALAN SETIA
PRIMA S U13/S, SETIA ALAM, SEKSYEN U13, 41050 KLANG, SELANGOR, MALAYSIA. |
|
|
|
|
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. WONG WEI CHING |
|
IC / PP No |
: |
A3683965 |
|
|
New IC No |
: |
770916-10-5170 |
|
|
Address |
: |
3E, LEBUH PULAU PINANG 2, OFF JALAN MERU,
BATU 1 1/2, 41050 KLANG, SELANGOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
PUBLIC BANK BHD |
|
2) |
Name |
: |
UNITED OVERSEAS BANK (MALAYSIA) BHD |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
09/12/2011 |
FACILITIES AGREEMENT & NATIONAL LAND |
PUBLIC BANK BERHAD |
- |
Unsatisfied |
|
2 |
23/10/2014 |
ALL MONIES LEGAL CHARGE |
UNITED OVERSEAS BANK (MALAYSIA) BERHAD. |
- |
Unsatisfied |
|
3 |
26/12/2017 |
MEMORANDUM OF LEGAL CHARGE |
UNITED OVERSEAS BANK (MALAYSIA) 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 |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject is a service provider.
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 |
: |
ASIA |
|||
|
Credit Term |
: |
30 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Services |
: |
JETTY SERVICES, FORWARDING SERVICES |
|
|
Ownership of premises |
: |
LEASED/RENTED |
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
||||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
||||||
|
COMPANY |
20 |
20 |
20 |
||||||
|
Branch |
: |
YES |
|
|
Branch(es) |
: |
JETTY AWAL IDAMAN, SUNGAI RABUAN GURAB,
PULAU INDAH, 42000 PELABUHAN KLANG, SELANGOR, MALAYSIA. Tel No: 03-31015184 Fax No: 03-31013251 |
|
|
|
|
|
Other Information:
The Subject is principally engaged in the (as a / as an) providing of jetty services,
forwarding services.
The Subject is engaged in the following services:
* Forwarding services
* Jetty handling services
The Subject provides its services according to its customers'
requirements.
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 |
: |
603-31015625 |
|
Current Telephone Number |
: |
03-31671619 |
|
Match |
: |
NO |
|
Address Provided by Client |
: |
ASA NIAGA PELABUHAN, BARTER TRADE WISMA DATO
SHAARI NO T2-37, TINGKAT 2 LOT 14473 JALAN PELABUHAN 42000 PORT KLANG
SELANGOR DARU EHSAN |
|
Current Address |
: |
ASA NIAGA PELABUHAN, BARTER TRADE WISMA
DATO SHAARI NO T2-37, TINGKAT 2 LOT 14473 JALAN PELABUHAN, 42000 PELABUHAN
KLANG, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
The contact number provided is not valid.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
4.03% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
6.23% |
] |
|
|
The continuous fall in turnover could be
due to the lower demand for the Subject's products / services.The dip in
profit could be due to the stiff market competition which reduced the Subject's
profit margin. The unfavourable return on shareholders' funds could indicate
that the Subject was inefficient in utilising its assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Debtor Ratio |
: |
Unfavourable |
[ |
214 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
360 Days |
] |
|
|
The Subject's debtors ratio was high. The
Subject should tighten its credit control and improve its collection period. 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 |
[ |
1.35 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.35 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 |
: |
Acceptable |
[ |
5.18 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.22 Times |
] |
|
|
The Subject's interest cover was slightly low.
If there is no sharp fall in its profit or sudden increase in the interest
rates, we believe the Subject is able to generate sufficient income to
service its interest and repay the loans. The Subject was lowly geared thus
it had a low financial risk. The Subject was mainly financed by its
shareholders' funds and internally generated funds. In times of economic
slowdown / downturn, the Subject being a lowly geared company, will be able
to compete better than those companies which are highly geared in the same
industry. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's performance deteriorated over
the years with lower 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 had an acceptable interest cover. If there is
no sudden sharp increase in interest rate or fall in the Subject's profit, we
do believe the Subject is able to generate sufficient cash flow to service
its interest payment. The Subject as a lowly geared company, will be more
secured compared to those highly geared companies. It has the ability to meet
all its long term obligations. |
||||||
|
Overall financial condition of the Subject
: FAIR |
||||||
|
|
||||||
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 |
|
|
52291 : Forwarding of freight |
|
|
INDUSTRY : |
TRANSPORTATION |
|
In 2015, the transport and storage
subsector is expected to growth by 4.7% due to the implementation of Government
Transformation Programme (GTP) and the Economic Transformation Programme
(ETP). On the other hand, for 2014, due to resilient domestic economic
activity and improving global trade, the transport and storage subsector is
expected to grow 5%. |
|
|
Moreover, the land transport segment
continued to record positive growth of 6.2% during the first half of 2014
supported by higher freight transported by road in line with improvement in
trade-related activity. The opening of Penang Second Bridge in March 2014 saw
a healthy number of vehicles using it to avoid traffic congestion. However,
the increase in passenger volume for bus services was only 1.9% over the
first six months in 2014 (January - July 2013: 6%). |
|
|
Meanwhile, total rail ridership in the
Klang Valley increased 5.9% passengers due to improved service efficiency and
increased frequencies. The 2.14KM extension of Express Rail Link (ERL) from
KLIA to KLIA2 will also increase rail ridership. However, KTM Intercity
Service contracted 18% because of the fewer number of coaches in operation
due to maintenance issues. Other than that, The Electric Train Service (ETS)
ridership on the Kuala Lumpur - Ipoh route increased 11.7% supported by
higher demand. |
|
|
During the first half in 2014, the air
transport segment expanded 4.9% supported by higher tourist arrivals and
domestic passengers amid continuous promotion of travel packages with
competitive fares by airlines. The air passenger segment continued to record
positive with total passenger traffic at airports nationwide increasing 10.3%
during the first seven moths of 2014. |
|
|
According to Budget 2015, to improve the
public transport system, the Government will introduce the programmes
included providing intercity bus services to those residing outside Kuala
Lumpur (KL) but work in KL, provide Electric Train Service (ETS) for
Ipoh-Butterworth route starting April 2015, and upgrade stage bus services in
several states (Kuching, Ipoh, Seremban, Kuala Terengganu and Kangar) through
a contracting system with existing bus companies. The budget 2015 for
transportation sector includes RM9 billion development allocation for a LRT
extension project from Bandar Utama to Shah Alam and Klang, and RM23 billion
for a second MRT line from Selayang to Putrajaya. Government also will
allocate RM5.3 billion for the construction of Sungai Besi - Ulu Klang
Expressway (SUKE), RM5 billion for West Coast Expressway from Taiping to
Banting, RM4.2 billion for construction of Damansara - Shah Alam Highway
(DASH), and RM1.6 billion for construction of Eastern Klang Valley Expressway
(EKVE). |
|
|
Additionally, improving urban public
transport (UPT) is one of the National Key Result Areas (NKRAs) under the Government
Transformation Programme (GTP). The aim is to improve the overall
availability and efficiency of UPT, including enhancing connectivity,
providing an integrated system and ensuring adequate facilities. Because of
the improvement to UPT in the Klang Valley, the public transport modal share
has increased from 17% in 2010 to 21% in 2013. The programme covers
improvement for Bus Services (RapidKL, Bus Expressway Transit (BET), Bus
Rapid Transit (BRT), bus stops), Rail System (KTM, LRT, KL Monorail, Express
Rail Link (ERL), MRT, Park n' Ride), and Taxi Services. |
|
|
The Klang Valley Mass Transit Project
(KVMRT) is one of the improvements to do for UPT and it may boost the growth
of transportation sector. The Sungai Buloh - Kajang (SBK) line has started
construction in 2012. The first phase of SBK Line from Sungai Buloh to
Semantan will be operational on 31 December 2016, while the second phase from
Semantan to Kajang will be operational on 31 July 2017. |
|
|
Furthermore, the Bus Rapid Transit (BRT)
aims to create a dedicated bus right-of-way at main corridors and is a
specialized form of bus priority services to meet the high level of passenger
demand by incorporating aspects of mass transit. One of the BRT corridors is
the Kuala Lumpur - Klang corridor, covering a distance of 34KM, and will pass
through Federal Highway, Jalan Syed Putra, and Jalan Tun Sambanthan. The
KL-Klang BRT is estimated to save more than one hour of daily travelling time
for 600,000 passengers, and is expected to be completed in 2017. |
|
|
In order to improve taxi services, the
Centralized Taxi Services System (CTSS) will be launched in 2015. It is a
technology infrastructure to monitor taxi services. It integrates and enhances
the existing booking system. It is targeted to raise the success rate of
meeting passenger bookings. Besides, a new business model for taxis has been
introduced to increase the take-home income for taxi drivers by reducing
their operating cost. Under the Taxi 1Malaysia project, licenses will be
offered to individual drivers. The Land Public Transport Commission (SPAD)
has launched a fleet of new taxis known as Teksi 1Malaysia (TEKS1M). Through
the TEKS1M initiative, 1,000 new Proton Exora will be deployed in 2014. |
|
|
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) |
|
MESTIKA TRADE SERVICES & LOGISTICS SDN.
BHD. |
|
Financial Year End |
2016-07-31 |
2015-07-31 |
2014-07-31 |
2013-07-31 |
2012-07-31 |
|
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 |
5,897,038 |
25,373,157 |
32,056,608 |
25,663,786 |
23,799,581 |
|
Other Income |
161,681 |
55,748 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
6,058,719 |
25,428,905 |
32,056,608 |
25,663,786 |
23,799,581 |
|
Costs of Goods Sold |
(4,122,196) |
(23,141,531) |
(29,794,175) |
(23,424,347) |
(21,336,647) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
1,936,523 |
2,287,374 |
2,262,433 |
2,239,439 |
2,462,934 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
181,867 |
259,501 |
769,351 |
519,097 |
619,589 |
|
SHARE OF PROFITS/(LOSSES) OF ASSOCIATED
COMPANIES |
- |
- |
- |
- |
(249,999) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
181,867 |
259,501 |
769,351 |
519,097 |
369,590 |
|
Taxation |
(35,941) |
(85,104) |
(107,733) |
(111,939) |
(160,306) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
145,926 |
174,397 |
661,618 |
407,158 |
209,284 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
3,373,581 |
3,218,050 |
2,556,432 |
2,149,274 |
1,939,990 |
|
Prior year adjustment |
- |
(18,866) |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
3,373,581 |
3,199,184 |
2,556,432 |
2,149,274 |
1,939,990 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
3,519,507 |
3,373,581 |
3,218,050 |
2,556,432 |
2,149,274 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
3,519,507 |
3,373,581 |
3,218,050 |
2,556,432 |
2,149,274 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Hire purchase |
5,868 |
3,092 |
5,098 |
7,104 |
- |
|
Term loan / Borrowing |
23,866 |
22,185 |
715 |
373 |
5,229 |
|
Others |
13,760 |
16,595 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
43,494 |
41,872 |
5,813 |
7,477 |
5,229 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
209,797 |
161,253 |
154,077 |
140,966 |
157,583 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
209,797 |
161,253 |
154,077 |
140,966 |
157,583 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
MESTIKA TRADE SERVICES & LOGISTICS SDN.
BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
2,116,643 |
1,980,063 |
824,630 |
873,022 |
855,419 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Associated companies |
375,000 |
375,000 |
375,000 |
125,001 |
1 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
375,000 |
375,000 |
375,000 |
125,001 |
1 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
2,491,643 |
2,355,063 |
1,199,630 |
998,023 |
855,420 |
|
CURRENT ASSETS |
|||||
|
Trade debtors |
3,457,795 |
3,157,442 |
5,207,110 |
4,969,464 |
6,315,263 |
|
Other debtors, deposits & prepayments |
1,401,551 |
2,961,916 |
728,224 |
165,597 |
244,145 |
|
Short term deposits |
1,025,636 |
845,729 |
1,069,188 |
2,088,146 |
85,486 |
|
Amount due from associated companies |
- |
- |
375,000 |
375,000 |
500,000 |
|
Cash & bank balances |
717,722 |
1,684,353 |
607,647 |
978,425 |
682,796 |
|
Others |
40,064 |
- |
16,020 |
5,097 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
6,642,768 |
8,649,440 |
8,003,189 |
8,581,729 |
7,827,690 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
9,134,411 |
11,004,503 |
9,202,819 |
9,579,752 |
8,683,110 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
4,070,118 |
5,212,750 |
4,998,456 |
6,559,365 |
5,169,443 |
|
Other creditors & accruals |
656,096 |
614,645 |
668,170 |
125,366 |
933,640 |
|
Hire purchase & lease creditors |
63,564 |
25,726 |
23,764 |
21,758 |
19,752 |
|
Short term borrowings/Term loans |
142,423 |
130,192 |
18,377 |
17,286 |
16,180 |
|
Amounts owing to director |
- |
1,000,000 |
- |
- |
22,253 |
|
Provision for taxation |
- |
3,696 |
- |
- |
5,534 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
4,932,201 |
6,987,009 |
5,708,767 |
6,723,775 |
6,166,802 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
1,710,567 |
1,662,431 |
2,294,422 |
1,857,954 |
1,660,888 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Long term loans |
381,622 |
528,913 |
125,243 |
150,056 |
175,207 |
|
Hire purchase creditors |
200,081 |
- |
25,725 |
49,489 |
71,248 |
|
Deferred taxation |
1,000 |
15,000 |
25,034 |
- |
20,579 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
582,703 |
543,913 |
176,002 |
199,545 |
267,034 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
3,619,507 |
3,473,581 |
3,318,050 |
2,656,432 |
2,249,274 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
RESERVES |
|||||
|
Retained profit/(loss) carried forward |
3,519,507 |
3,373,581 |
3,218,050 |
2,556,432 |
2,149,274 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
3,519,507 |
3,373,581 |
3,218,050 |
2,556,432 |
2,149,274 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
3,619,507 |
3,473,581 |
3,318,050 |
2,656,432 |
2,249,274 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL
RATIO
|
|
MESTIKA TRADE SERVICES & LOGISTICS SDN.
BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
1,743,358 |
2,530,082 |
1,676,835 |
3,066,571 |
768,282 |
|
Net Liquid Funds |
1,743,358 |
2,530,082 |
1,676,835 |
3,066,571 |
768,282 |
|
Net Liquid Assets |
1,710,567 |
1,662,431 |
2,294,422 |
1,857,954 |
1,660,888 |
|
Net Current Assets/(Liabilities) |
1,710,567 |
1,662,431 |
2,294,422 |
1,857,954 |
1,660,888 |
|
Net Tangible Assets |
3,619,507 |
3,473,581 |
3,318,050 |
2,656,432 |
2,249,274 |
|
Net Monetary Assets |
1,127,864 |
1,118,518 |
2,118,420 |
1,658,409 |
1,393,854 |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
225,361 |
301,373 |
775,164 |
526,574 |
374,819 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
435,158 |
462,626 |
929,241 |
667,540 |
532,402 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
787,690 |
684,831 |
193,109 |
238,589 |
282,387 |
|
Total Liabilities |
5,514,904 |
7,530,922 |
5,884,769 |
6,923,320 |
6,433,836 |
|
Total Assets |
9,134,411 |
11,004,503 |
9,202,819 |
9,579,752 |
8,683,110 |
|
Net Assets |
3,619,507 |
3,473,581 |
3,318,050 |
2,656,432 |
2,249,274 |
|
Net Assets Backing |
3,619,507 |
3,473,581 |
3,318,050 |
2,656,432 |
2,249,274 |
|
Shareholders' Funds |
3,619,507 |
3,473,581 |
3,318,050 |
2,656,432 |
2,249,274 |
|
Total Share Capital |
100,000 |
100,000 |
100,000 |
100,000 |
100,000 |
|
Total Reserves |
3,519,507 |
3,373,581 |
3,218,050 |
2,556,432 |
2,149,274 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(76.76) |
(20.85) |
24.91 |
7.83 |
(0.21) |
|
Proft/(Loss) Before Tax |
(29.92) |
(66.27) |
48.21 |
40.45 |
(49.27) |
|
Proft/(Loss) After Tax |
(16.33) |
(73.64) |
62.50 |
94.55 |
(63.36) |
|
Total Assets |
(17.32) |
19.58 |
(3.93) |
10.33 |
8.77 |
|
Total Liabilities |
(26.77) |
27.97 |
(15.00) |
7.61 |
8.26 |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.35 |
0.36 |
0.29 |
0.46 |
0.12 |
|
Liquid Ratio |
1.35 |
1.24 |
1.40 |
1.28 |
1.27 |
|
Current Ratio |
1.35 |
1.24 |
1.40 |
1.28 |
1.27 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
0 |
0 |
0 |
0 |
0 |
|
Debtors Ratio |
214 |
45 |
59 |
71 |
97 |
|
Creditors Ratio |
360 |
82 |
61 |
102 |
88 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
0.22 |
0.20 |
0.06 |
0.09 |
0.13 |
|
Liabilities Ratio |
1.52 |
2.17 |
1.77 |
2.61 |
2.86 |
|
Times Interest Earned Ratio |
5.18 |
7.20 |
133.35 |
70.43 |
71.68 |
|
Assets Backing Ratio |
36.20 |
34.74 |
33.18 |
26.56 |
22.49 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
3.08 |
1.02 |
2.40 |
2.02 |
1.55 |
|
Net Profit Margin |
2.47 |
0.69 |
2.06 |
1.59 |
0.88 |
|
Return On Net Assets |
6.23 |
8.68 |
23.36 |
19.82 |
16.66 |
|
Return On Capital Employed |
5.28 |
7.45 |
22.04 |
18.30 |
14.78 |
|
Return On Shareholders' Funds/Equity |
4.03 |
5.02 |
19.94 |
15.33 |
9.30 |
|
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 65.78 |
|
|
1 |
INR 93.42 |
|
Euro |
1 |
INR 81.39 |
|
MYR |
1 |
INR 16.96 |
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.