|
|
|
MIRA INFORM REPORT
|
Report No. : |
504708 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PUBLIC AUTO
SUPPLIERS SDN. BHD. |
|
|
|
|
Registered Office : |
Suite 2-2-5, 2nd Floor, Menara Klh Business
Centre, 2, Jalan Kasipillay, 2 1/2 Miles, Jalan Ipoh, 51200 Kuala Lumpur,
Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
31.12.1971 |
|
|
|
|
Com. Reg. No.: |
11578-M |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
trading of auto parts and accessories for heavy vehicles such as bus and
lorry. |
|
|
|
|
No. of Employees : |
10 [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 : |
No Complaints |
|
|
|
|
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. |
: |
11578-M |
||||
|
GST NO. |
: |
001260027904 |
||||
|
COMPANY NAME |
: |
PUBLIC AUTO SUPPLIERS SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
31/12/1971 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
SUITE 2-2-5, 2ND FLOOR, MENARA KLH BUSINESS
CENTRE, 2, JALAN KASIPILLAY, 2 1/2 MILES, JALAN IPOH, 51200 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
636, BATU 4, JALAN IPOH, 51200 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-62512922 |
||||
|
FAX.NO. |
: |
03-62515789 |
||||
|
CONTACT PERSON |
: |
ONG CHIEW KIAT ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
45300 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF AUTO PARTS AND ACCESSORIES FOR
HEAVY VEHICLES SUCH AS BUS AND LORRY |
||||
|
AUTHORISED CAPITAL |
: |
MYR 1,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 1,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 3,820,318 [2016] |
||||
|
NET WORTH |
: |
MYR 3,772,915 [2016] |
||||
|
STAFF STRENGTH |
: |
10 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
NO COMPLAINTS |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
HIGH |
||||
|
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 auto parts and accessories for heavy vehicles such as bus
and lorry.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former Address(es)
|
Address |
As At Date |
|
12-3, JALAN MURAI 2, BATU KOMPLEKS, 51100,
WILAYAH PERSEKUTUAN, MALAYSIA |
14/10/1998 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
16/04/2015 |
MYR 1,000,000.00 |
MYR 1,000,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MS. ONG CHIEW KIAT + |
53A, JALAN CUMARASAMI, OFF JALAN IPOH, 3
1/2 MILES, 51100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
360718-04-5048 |
33,679.00 |
33.68 |
|
MS. TAN SIEW FOONG + |
T.27, JALAN UMBUN 2, TAMAN SETAPAK, 53000
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
400306-71-5010 7647795 |
23,433.00 |
23.43 |
|
MR. ONG MENG SOON + |
55, JALAN KANGSAR, TAMAN RAINBOW, 4 1/2
MILE, JALAN IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
570928-71-5287 5334872 |
22,300.00 |
22.30 |
|
MR. ONG SEOW KEE |
T.27, JALAN UMBUN DUA, SETAPAK GARDEN,
53000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
670324-10-5347 A0301584 |
5,900.00 |
5.90 |
|
MS. ONG LAY CHOO |
53A, JALAN CUMARASAMI, OFF BATU 4, JALAN
IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
590616-10-6296 |
5,344.00 |
5.34 |
|
MS. ONG LAY FONG + |
55, JALAN KANGSAR, TAMAN RAINBOW 4 1/2
MILE, JALAN IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
610908-10-5936 6310811 |
5,344.00 |
5.34 |
|
MS. ONG CHYI YING |
AQ2, JALAN TIOMAN 4, SETAPAK GARDEN, 53000
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
700826-10-5384 A1616552 |
2,000.00 |
2.00 |
|
MS. ONG KEE LIAN |
AQ2, JALAN TIOMAN 4, SETAPAK GARDEN, 53000
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
731015-14-5384 A2613256 |
2,000.00 |
2.00 |
|
--------------- |
------ |
|||
|
100,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
ONG KAH LEONG |
MALAYSIA |
361110-71-5255 |
N/A |
24/01/2017 |
|
ONG MENG TECK |
MALAYSIA |
600830-10-5995 |
N/A |
24/01/2017 |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MS. ONG LAY FONG |
|
Address |
: |
55, JALAN KANGSAR, TAMAN RAINBOW 4 1/2
MILE, JALAN IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
6310811 |
|
New IC No |
: |
610908-10-5936 |
|
Date of Birth |
: |
08/09/1961 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
04/05/2009 |
|
Remark |
: |
ALTERNATE DIRECTOR TO ONG MENG SOON |
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 |
332669W |
GUNUNG SENTOSA SDN. BHD. |
Director |
13/09/2010 |
0.00 |
- |
MYR(2,896.00) |
2017 |
- |
26/03/2018 |
|
2 |
241742W |
LOYAL MACHINERY SDN. BHD. |
Director |
28/04/2010 |
0.00 |
- |
MYR80,416.00 |
2016 |
- |
26/03/2018 |
|
3 |
11578M |
PUBLIC AUTO SUPPLIERS SDN. BHD. |
Director |
04/05/2009 |
5,344.00 |
5.34 |
MYR4,959.00 |
2016 |
- |
26/03/2018 |
|
4 |
160572P |
PUBLIC TRACTOR HOLDINGS SDN.BHD. |
Director |
04/05/2009 |
0.00 |
- |
MYR24,226.00 |
2016 |
- |
26/03/2018 |
|
5 |
348186H |
TAI CHEONG ENTERPRISE SDN. BHD. |
Director |
19/02/2008 |
100,000.00 |
16.67 |
MYR156,516.00 |
2016 |
- |
26/03/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
620029K |
PSYCSTAR PROJECTS SDN. BHD. |
Director |
01/09/2009 |
25/04/2011 |
- |
- |
DIRECTOR 2
|
Name Of Subject |
: |
MR. ONG MENG SOON |
|
Address |
: |
55, JALAN KANGSAR, TAMAN RAINBOW, 4 1/2
MILE, JALAN IPOH, 51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Other Address(es) |
: |
53A JALAN CUMARAMASAMI, BATU 3 3/4 JALAN
IPOH, 51100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
5334872 |
|
New IC No |
: |
570928-71-5287 |
|
Date of Birth |
: |
28/09/1957 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
24/02/2009 |
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 |
112368U |
ALAT-ALAT GANTI AUTO COMMERCIAL SDN.BHD. |
Shareholder |
- |
60,000.00 |
10.00 |
MYR(1,730,674.00) |
2016 |
- |
26/03/2018 |
|
2 |
241742W |
LOYAL MACHINERY SDN. BHD. |
Shareholder |
- |
127,451.00 |
13.96 |
MYR80,416.00 |
2016 |
- |
26/03/2018 |
|
3 |
11578M |
PUBLIC AUTO SUPPLIERS SDN. BHD. |
Director |
24/02/2009 |
22,300.00 |
22.30 |
MYR4,959.00 |
2016 |
- |
26/03/2018 |
|
4 |
160572P |
PUBLIC TRACTOR HOLDINGS SDN.BHD. |
Director |
24/02/2009 |
344,835.00 |
40.81 |
MYR24,226.00 |
2016 |
- |
26/03/2018 |
|
5 |
348186H |
TAI CHEONG ENTERPRISE SDN. BHD. |
Director |
24/02/2009 |
200,000.00 |
33.33 |
MYR156,516.00 |
2016 |
- |
26/03/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
620029K |
PSYCSTAR PROJECTS SDN. BHD. |
Director |
24/02/2009 |
25/04/2011 |
- |
- |
|
2 |
620029K |
PSYCSTAR PROJECTS SDN. BHD. |
Shareholder |
- |
- |
240000.00 |
- |
DIRECTOR 3
|
Name Of Subject |
: |
MS. TAN SIEW FOONG |
|
Address |
: |
T.27, JALAN UMBUN 2, TAMAN SETAPAK, 53000
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
7647795 |
|
New IC No |
: |
400306-71-5010 |
|
Date of Birth |
: |
06/03/1940 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
18/01/1972 |
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 |
112368U |
ALAT-ALAT GANTI AUTO COMMERCIAL SDN.BHD. |
Shareholder |
- |
30,000.00 |
5.00 |
MYR(1,730,674.00) |
2016 |
- |
26/03/2018 |
|
2 |
11578M |
PUBLIC AUTO SUPPLIERS SDN. BHD. |
Director |
18/01/1972 |
23,433.00 |
23.43 |
MYR4,959.00 |
2016 |
- |
26/03/2018 |
|
3 |
160572P |
PUBLIC TRACTOR HOLDINGS SDN.BHD. |
Director |
03/04/1987 |
201,001.00 |
23.79 |
MYR24,226.00 |
2016 |
- |
26/03/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
348186H |
TAI CHEONG ENTERPRISE SDN. BHD. |
Director |
21/06/1999 |
14/05/2007 |
- |
- |
|
2 |
348186H |
TAI CHEONG ENTERPRISE SDN. BHD. |
Shareholder |
- |
- |
80000.00 |
- |
DIRECTOR 4
|
Name Of Subject |
: |
MS. ONG CHIEW KIAT |
|
Address |
: |
53A, JALAN CUMARASAMI, OFF JALAN IPOH, 3
1/2 MILES, 51100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
New IC No |
: |
360718-04-5048 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
10/05/2007 |
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 |
112368U |
ALAT-ALAT GANTI AUTO COMMERCIAL SDN.BHD. |
Shareholder |
- |
60,000.00 |
10.00 |
MYR(1,730,674.00) |
2016 |
- |
26/03/2018 |
|
2 |
241742W |
LOYAL MACHINERY SDN. BHD. |
Shareholder |
- |
57,021.00 |
6.25 |
MYR80,416.00 |
2016 |
- |
26/03/2018 |
|
3 |
11578M |
PUBLIC AUTO SUPPLIERS SDN. BHD. |
Director |
10/05/2007 |
33,679.00 |
33.68 |
MYR4,959.00 |
2016 |
- |
26/03/2018 |
|
4 |
160572P |
PUBLIC TRACTOR HOLDINGS SDN.BHD. |
Director |
10/05/2007 |
218,502.00 |
25.86 |
MYR24,226.00 |
2016 |
- |
26/03/2018 |
|
5 |
348186H |
TAI CHEONG ENTERPRISE SDN. BHD. |
Director |
14/05/2007 |
200,000.00 |
33.33 |
MYR156,516.00 |
2016 |
- |
26/03/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
620029K |
PSYCSTAR PROJECTS SDN. BHD. |
Director |
24/02/2009 |
25/04/2011 |
- |
- |
|
2 |
620029K |
PSYCSTAR PROJECTS SDN. BHD. |
Shareholder |
- |
- |
2000.00 |
- |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
ONG MENG TECK |
53A,JALAN CUMARASAMI, BATU 3 3/4,JALAN
IPOH, KUALA LUMPUR, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
600830-10-5995 |
01/07/1985 |
19/02/2008 |
|
YONG PEE CHIN |
49,JALAN 16,OVERSEAS UNION GDN., KLANG RD.,
KUALA LUMPUR. |
0859052 |
01/01/1970 |
15/06/1999 |
|
ONG KAH LEONG |
53A,JALAN CUMARASAMI, BATU 4 JALAN IPOH,
KUALA LUMPUR, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
361110-71-5255 |
24/02/2009 |
29/04/2009 |
|
ONG KIM YUEN |
26,BATU HOUSING, BATU 5, JALAN IPOH, KUALA
LUMPUR, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
3993300 |
01/01/1970 |
01/02/1998 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
ONG CHIEW KIAT |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
WONG & CO PLT |
|
Auditor' Address |
: |
SUITE 2-5-6 & 2-5-7, 5TH FLOOR, MENARA KLH
BUSINESS CENTRE, 2, JALAN KASIPILLAY, 51200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
MR. WONG WING KAI @ WONG WENG FONG |
|
IC / PP No |
: |
1618409 |
|
|
New IC No |
: |
490629-03-5003 |
|
|
Address |
: |
3, JALAN TENGAS (8/8), 46050 PETALING JAYA,
SELANGOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
PUBLIC BANK BHD |
|
2) |
Name |
: |
STANDARD CHARTERED BANK MALAYSIA BHD |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
15/06/1979 |
N/A |
STANDARD CHARTERED BANK MALAYSIA BERHAD |
MYR 1,100,000.00 |
Satisfied |
|
2 |
15/06/1979 |
N/A |
STANDARD CHARTERED BANK MALAYSIA BERHAD |
MYR 300,000.00 |
Satisfied |
|
3 |
15/06/1979 |
N/A |
STANDARD CHARTERED BANK MALAYSIA BERHAD |
MYR 400,000.00 |
Satisfied |
|
4 |
15/06/1979 |
N/A |
STANDARD CHARTERED BANK MALAYSIA BERHAD |
MYR 450,000.00 |
Satisfied |
|
5 |
15/06/1979 |
N/A |
STANDART CHARTERED BANK MALAYSIA BERHAD |
MYR 550,000.00 |
Satisfied |
|
8 |
15/04/1987 |
N/A |
STANDARD CHARTERED BANKMALAYSIA BERHAD |
MYR 100,000.00 |
Satisfied |
|
6 |
19/04/1989 |
OPEN CHARGE |
PERWIRA HABIB BANK MALAYSIA BERHAD |
MYR 300,000.00 |
Unsatisfied |
|
7 |
19/04/1989 |
OPEN CHARGE |
PERWIRA HABIB BANK MALAYSIA BERHAD |
MYR 150,000.00 |
Unsatisfied |
|
9 |
07/08/1990 |
OPEN CHARGE |
PERWIRA HABIB BANK MALAYSIA BERHAD |
MYR 200,000.00 |
Unsatisfied |
|
10 |
19/10/1994 |
N/A |
MALAYAN BNKING BERHAD |
- |
Satisfied |
|
11 |
20/10/1999 |
CHARGE |
PERWIRA AFFIN BANK BERHAD |
MYR 200,000.00 |
Unsatisfied |
|
12 |
01/10/2002 |
LETTER OF SET OFF |
PUBLIC BANK BERHAD |
MYR 200,000.00 |
Unsatisfied |
|
13 |
23/10/2003 |
CHARGE |
PUBLIC BANK BERHAD |
- |
Satisfied |
|
14 |
26/03/2008 |
FACILITIES AGREEMENT & LEGAL CHARGE |
PUBLIC BANK BERHAD |
MYR 800,000.00 |
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 |
Percentage |
: |
30% |
|
Overseas |
: |
YES |
Percentage |
: |
70% |
|
Import Countries |
: |
CHINA,INDIA,THAILAND,GERMANY |
|||
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 |
: |
90 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
AUTO PARTS AND ACCESSORIES FOR HEAVY
VEHICLES SUCH AS BUS AND LORRY |
|
|
Ownership of premises |
: |
LEASED/RENTED |
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2016 |
2014 |
2013 |
|||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
|||||
|
COMPANY |
10 |
10 |
18 |
18 |
|||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of auto parts
and accessories for heavy vehicles such as bus and lorry.
The Subject is trading of spare parts for buses and lorries.
The Subject sells the products based on customer's demands and
requirement.
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 |
: |
03-62512922 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
NO.636, BATU 4, JALAN IPOH, 51200 KUALA
LAMPUR, MALAYSIA |
|
Current Address |
: |
636, BATU 4, JALAN IPOH, 51200 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We have contacted one of the staff from the Subject and she provided some
information.
The address provided is incomplete.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2011 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2011 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
0.13% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
0.86% |
] |
|
|
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 |
: |
Unfavourable |
[ |
166 Days |
] |
|
|
Debtor Ratio |
: |
Unfavourable |
[ |
135 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
104 Days |
] |
|
|
The Subject could be incurring higher
holding cost. As its capital was tied up in stocks, it could face liquidity
problems. 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 |
[ |
1.70 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
2.60 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 |
: |
Unfavourable |
[ |
1.71 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.11 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 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 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. 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. 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 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
: LIMITED |
||||||
|
|
||||||
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 |
|
|
45300 : Wholesale and retail sale of all
kinds of parts, components, supplies, tools and accessories for motor
vehicles |
|
|
INDUSTRY : |
MOTOR VECHICLE |
|
The year 2018 is shaping up to be an
exciting one for the car industry as global manufacturers rev up their
operations in Malaysia to capture bigger slices of a growing market. The
automotive industry executives are expecting further consolidation in the
industry. The Malaysian Automotive Association is projecting new car sales in
2018 to grow to 619,000. Malaysia is the third largest automotive market in
the region, behind leaders Indonesia and Thailand. |
|
|
The total industry volume (TIV) for the
automotive industry is expected to grow 2.3% to 590,000 units in 2018 from
576,635 last year, in line with the nation’s higher projected economic growth
of five to 5.5%. According to Malaysian Automotive Association (MAA), the
growth was supported by global growth, which is expected to increase from 3.6%
in 2017 to 3.7% in 2018 based on the International Monetary Fund’s forecast.
However, the continuation of strict lending guidelines for hire purchase
loans by financial institutions will remain one of the biggest challenges for
the industry moving forward. |
|
|
Passenger vehicles TIV is expected to grow
2.3% from 514,679 units last year to 526,500 in 2018, while commercial
vehicles would see a rise of 2.5% to 63,500 this year from 61,956 units in 2017.
The local automotive market remained subdued in 2017 despite the economy’s
recovery and aggressive promotional campaigns undertaken by MAA members. TIV
contracted for the second consecutive year, down 0.6% from 580,085 units in
2016, reflecting a down-cycle of the market which started in 2016. |
|
|
Sales remained flat in 2017, contributing
to inflationary pressures affecting disposable income resulting in cautious
consumer spending. The ringgit’s improved performance would help industry
players obtain higher margins, especially for transactions in the US dollar
and Japanese yen. |
|
|
Steady economic growth is expected to
sustain strong demand for new cars across the region in 2018. |
|
|
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) |
|
PUBLIC AUTO SUPPLIERS SDN. BHD. |
|
Financial Year End |
2016-12-31 |
2015-12-31 |
2014-12-31 |
2013-12-31 |
|
Months |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
3,820,318 |
3,695,472 |
3,989,479 |
4,376,530 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
3,820,318 |
3,695,472 |
3,989,479 |
4,376,530 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
13,383 |
51,982 |
156,073 |
379,247 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
13,383 |
51,982 |
156,073 |
379,247 |
|
Taxation |
(8,424) |
(16,874) |
(37,682) |
(80,693) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
4,959 |
35,108 |
118,391 |
298,554 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||||
|
As previously reported |
2,767,956 |
2,732,848 |
2,814,457 |
2,715,903 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
2,767,956 |
2,732,848 |
2,814,457 |
2,715,903 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
2,772,915 |
2,767,956 |
2,932,848 |
3,014,457 |
|
DIVIDENDS - Ordinary (paid & proposed) |
- |
- |
(200,000) |
(200,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
2,772,915 |
2,767,956 |
2,732,848 |
2,814,457 |
|
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
||||
|
Bank overdraft |
- |
- |
- |
1,798 |
|
Hire purchase |
- |
- |
2,014 |
- |
|
Lease interest |
2,836 |
3,625 |
- |
- |
|
Trust receipts |
15,115 |
23,720 |
24,272 |
28,431 |
|
Others |
955 |
525 |
330 |
445 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
18,906 |
27,870 |
26,616 |
30,674 |
|
|
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
51,060 |
44,836 |
27,199 |
16,538 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
51,060 |
44,836 |
27,199 |
16,538 |
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
BALANCE SHEET
|
|
PUBLIC AUTO SUPPLIERS SDN. BHD. |
|
ASSETS EMPLOYED: |
||||
|
FIXED ASSETS |
686,154 |
669,153 |
697,314 |
568,550 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
||||
|
Deferred assets |
2,226 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
2,226 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
688,380 |
669,153 |
697,314 |
568,550 |
|
CURRENT ASSETS |
||||
|
Stocks |
1,737,837 |
1,739,242 |
1,500,338 |
1,215,919 |
|
Trade debtors |
1,413,699 |
1,392,236 |
1,360,853 |
1,468,231 |
|
Other debtors, deposits & prepayments |
38,782 |
38,006 |
28,862 |
80,730 |
|
Short term deposits |
1,224,529 |
1,225,625 |
1,225,624 |
1,186,099 |
|
Cash & bank balances |
573,727 |
392,032 |
618,775 |
883,387 |
|
Others |
43,040 |
16,060 |
2,109 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
5,031,614 |
4,803,201 |
4,736,561 |
4,834,366 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
5,719,994 |
5,472,354 |
5,433,875 |
5,402,916 |
|
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
||||
|
Trade creditors |
1,083,339 |
1,104,464 |
913,907 |
831,042 |
|
Other creditors & accruals |
181,287 |
220,855 |
171,548 |
157,036 |
|
Hire purchase & lease creditors |
- |
- |
32,339 |
- |
|
Deposits from customers |
- |
- |
11,220 |
- |
|
Bill & acceptances payable |
404,485 |
102,860 |
293,907 |
295,523 |
|
Amounts owing to director |
217,485 |
217,485 |
217,485 |
268,185 |
|
Provision for taxation |
- |
- |
- |
33,874 |
|
Lease payables |
45,588 |
34,045 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
1,932,184 |
1,679,709 |
1,640,406 |
1,585,660 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
3,099,430 |
3,123,492 |
3,096,155 |
3,248,706 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
||||
|
Lease obligations |
14,895 |
20,645 |
- |
- |
|
Hire purchase creditors |
- |
- |
54,690 |
- |
|
Deferred taxation |
- |
4,044 |
5,931 |
2,799 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
14,895 |
24,689 |
60,621 |
2,799 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
3,772,915 |
3,767,956 |
3,732,848 |
3,814,457 |
|
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
||||
|
SHARE CAPITAL |
||||
|
Ordinary share capital |
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 |
|
RESERVES |
||||
|
Retained profit/(loss) carried forward |
2,772,915 |
2,767,956 |
2,732,848 |
2,814,457 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
2,772,915 |
2,767,956 |
2,732,848 |
2,814,457 |
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
3,772,915 |
3,767,956 |
3,732,848 |
3,814,457 |
|
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
PUBLIC AUTO SUPPLIERS SDN. BHD. |
|
TYPES OF FUNDS |
||||
|
Cash |
1,798,256 |
1,617,657 |
1,844,399 |
2,069,486 |
|
Net Liquid Funds |
1,393,771 |
1,514,797 |
1,550,492 |
1,773,963 |
|
Net Liquid Assets |
1,361,593 |
1,384,250 |
1,595,817 |
2,032,787 |
|
Net Current Assets/(Liabilities) |
3,099,430 |
3,123,492 |
3,096,155 |
3,248,706 |
|
Net Tangible Assets |
3,772,915 |
3,767,956 |
3,732,848 |
3,814,457 |
|
Net Monetary Assets |
1,346,698 |
1,359,561 |
1,535,196 |
2,029,988 |
|
PROFIT & LOSS ITEMS |
||||
|
Earnings Before Interest & Tax (EBIT) |
32,289 |
79,852 |
182,689 |
409,921 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
83,349 |
124,688 |
209,888 |
426,459 |
|
BALANCE SHEET ITEMS |
||||
|
Total Borrowings |
419,380 |
123,505 |
380,936 |
295,523 |
|
Total Liabilities |
1,947,079 |
1,704,398 |
1,701,027 |
1,588,459 |
|
Total Assets |
5,719,994 |
5,472,354 |
5,433,875 |
5,402,916 |
|
Net Assets |
3,772,915 |
3,767,956 |
3,732,848 |
3,814,457 |
|
Net Assets Backing |
3,772,915 |
3,767,956 |
3,732,848 |
3,814,457 |
|
Shareholders' Funds |
3,772,915 |
3,767,956 |
3,732,848 |
3,814,457 |
|
Total Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
Total Reserves |
2,772,915 |
2,767,956 |
2,732,848 |
2,814,457 |
|
GROWTH RATIOS (Year on Year) (%) |
||||
|
Revenue |
3.38 |
(7.37) |
(8.84) |
4.64 |
|
Proft/(Loss) Before Tax |
(74.25) |
(66.69) |
(58.85) |
59.57 |
|
Proft/(Loss) After Tax |
(85.88) |
(70.35) |
(60.35) |
25.62 |
|
Total Assets |
4.53 |
0.71 |
0.57 |
7.05 |
|
Total Liabilities |
14.24 |
0.20 |
7.09 |
29.44 |
|
LIQUIDITY (Times) |
||||
|
Cash Ratio |
0.93 |
0.96 |
1.12 |
1.31 |
|
Liquid Ratio |
1.70 |
1.82 |
1.97 |
2.28 |
|
Current Ratio |
2.60 |
2.86 |
2.89 |
3.05 |
|
WORKING CAPITAL CONTROL (Days) |
||||
|
Stock Ratio |
166 |
172 |
137 |
101 |
|
Debtors Ratio |
135 |
138 |
125 |
122 |
|
Creditors Ratio |
104 |
109 |
84 |
69 |
|
SOLVENCY RATIOS (Times) |
||||
|
Gearing Ratio |
0.11 |
0.03 |
0.10 |
0.08 |
|
Liabilities Ratio |
0.52 |
0.45 |
0.46 |
0.42 |
|
Times Interest Earned Ratio |
1.71 |
2.87 |
6.86 |
13.36 |
|
Assets Backing Ratio |
3.77 |
3.77 |
3.73 |
3.81 |
|
PERFORMANCE RATIO (%) |
||||
|
Operating Profit Margin |
0.35 |
1.41 |
3.91 |
8.67 |
|
Net Profit Margin |
0.13 |
0.95 |
2.97 |
6.82 |
|
Return On Net Assets |
0.86 |
2.12 |
4.89 |
10.75 |
|
Return On Capital Employed |
0.85 |
2.11 |
4.78 |
10.74 |
|
Return On Shareholders' Funds/Equity |
0.13 |
0.93 |
3.17 |
7.83 |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
1.69 |
0.67 |
|
NOTES TO ACCOUNTS |
||||
|
Contingent Liabilities |
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.