|
|
|
MIRA
INFORM REPORT
|
Report No. : |
491401 |
|
Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRILLION RUBBER
SDN. BHD. |
|
|
|
|
Registered Office : |
1st Floor, B2 & B3, Jalan Bakar Arang,
08000 Sungai Petani, Kedah |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
07.07.2009 |
|
|
|
|
Com. Reg. No.: |
863408-D |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
manufacture and trading of rubber products. |
|
|
|
|
No. of Employees : |
65 [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 |
|
Maximum Credit Limit : |
MYR 697,000 (USD 174,000) |
|
|
|
|
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.
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. |
: |
863408-D |
||||
|
GST NO. |
: |
000899284992 |
||||
|
COMPANY NAME |
: |
TRILLION RUBBER SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
07/07/2009 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
1ST FLOOR, B2 & B3, JALAN BAKAR ARANG,
08000 SUNGAI PETANI, KEDAH, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LOT 3193, BATU 39, JALAN JENIANG, BUKIT
SELAMBAU,, 08010 SUNGAI PETANI, KEDAH, MALAYSIA. |
||||
|
TEL.NO. |
: |
04-4620078 |
||||
|
FAX.NO. |
: |
N/A |
||||
|
CONTACT PERSON |
: |
LIM THIAM CHYE ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
221 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURE AND TRADING OF RUBBER PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 10,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 5,125,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 130,722,609 [2016] |
||||
|
NET WORTH |
: |
MYR 10,632,485 [2016] |
||||
|
STAFF STRENGTH |
: |
65 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
NO COMPLAINTS |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
|
PROPOSED CREDIT LIMIT |
: |
MYR 697,000 (USD 174,000) |
||||
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) manufacture and trading of rubber products.
The subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
The immediate holding company of the Subject
is SOUTHLAND RESOURCES CO. LTD., a company incorporated in THAILAND.
The ultimate holding company of the Subject
is SOUTHLAND RESOURCES CO., LTD., a company incorporated in THAILAND.
Former Address(es)
|
Address |
As At Date |
|
SUITE A (1ST FLOOR), 61/63, LEBUH BISHOP,
10200, PULAU PINANG, MALAYSIA |
21/04/2011 |
|
19TH FLOOR, UNIT 3, MENARA GURNEY, 18,
PERSIARAN GURNEY, 10250, PULAU PINANG, MALAYSIA |
26/04/2012 |
|
PLOT 1, LOT 5614, SUNGAI KETAPAN, 8300, KEDAH,
MALAYSIA |
N/A |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
14/12/2010 |
MYR 10,000,000.00 |
MYR 5,125,000.00 |
|
02/04/2010 |
MYR 10,000,000.00 |
MYR 5,000,002.00 |
|
31/03/2010 |
MYR 5,000,000.00 |
MYR 4,930,002.00 |
|
25/11/2009 |
MYR 5,000,000.00 |
MYR 4,900,002.00 |
|
09/11/2009 |
MYR 5,000,000.00 |
MYR 4,870,002.00 |
|
06/11/2009 |
MYR 5,000,000.00 |
MYR 4,850,002.00 |
|
29/10/2009 |
MYR 5,000,000.00 |
MYR 4,700,002.00 |
|
13/10/2009 |
MYR 5,000,000.00 |
MYR 4,600,002.00 |
|
08/10/2009 |
MYR 5,000,000.00 |
MYR 4,400,002.00 |
|
07/10/2009 |
MYR 5,000,000.00 |
MYR 3,400,002.00 |
|
05/10/2009 |
MYR 5,000,000.00 |
MYR 2,400,002.00 |
|
02/10/2009 |
MYR 5,000,000.00 |
MYR 2,200,002.00 |
|
25/09/2009 |
MYR 5,000,000.00 |
MYR 1,200,002.00 |
|
11/08/2009 |
MYR 5,000,000.00 |
MYR 1,000,002.00 |
|
07/07/2009 |
MYR 5,000,000.00 |
MYR 2.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
SOUTHLAND RESOURCES CO. LTD. |
55, RAJYIDEE ROAD, HATYAI SUB DISTRICT,
HATYAI DISTRICT, SONGKHLA PROVINCE THAILAND |
0905539002719 |
3,350,000.00 |
65.37 |
|
MR. GOY BOON KIAN @ WEE WEARN LEE + |
3587-C, JALAN BALANG, 75200 MELAKA, MELAKA,
MALAYSIA. |
481016-01-5259 7510646 |
1,025,000.00 |
20.00 |
|
ING-ORN TIRASARNVONG |
52, KLONGJIT ROAD, HATYAI, SONGKHLA
PROVINCE THAILAND |
AA3907840 |
350,000.00 |
6.83 |
|
LIM THIAM CHYE + |
20, PENSHURST PLACE, 55643, MALAYSIA. |
E3611792A |
150,000.00 |
2.93 |
|
SOUTHLAND GLOBAL PTE. LTD. |
8, CROSS STREET, 23-03, PWC BUILDING 048424
,SINGAPORE |
200310407C |
250,000.00 |
4.88 |
|
--------------- |
------ |
|||
|
5,125,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. QUAH SWEE KHENG |
|
Address |
: |
12, JALAN RADIN 3, TAMAN SERI PETALING,
57000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
4562130 |
|
New IC No |
: |
531215-07-5011 |
|
Date of Birth |
: |
15/12/1953 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/01/2012 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
863408D |
TRILLION RUBBER SDN. BHD. |
Director |
01/01/2012 |
0.00 |
- |
MYR1,201,722.00 |
2016 |
- |
25/01/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
PHERM TIRASARNVONG |
|
Address |
: |
55, RAJYINDEE ROAD, HATYAI, SONGKHLA,
90110, THAILAND. |
|
IC / PP No |
: |
AA3907855 |
|
Date of Birth |
: |
07/01/1949 |
|
Nationality |
: |
THAI |
|
Date of Appointment |
: |
07/07/2009 |
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 |
1174344W |
BRITZ HOLDINGS BERHAD |
Director |
21/11/2016 |
1,415,849.00 |
19.40 |
MYR(7,604.00) |
2016 |
- |
25/01/2018 |
|
2 |
1231943P |
SOUTHLAND RESOURCES (MALAYSIA) SDN. BHD. |
Director |
15/06/2017 |
0.00 |
- |
- |
- |
- |
25/01/2018 |
|
3 |
863408D |
TRILLION RUBBER SDN. BHD. |
Director |
07/07/2009 |
0.00 |
- |
MYR1,201,722.00 |
2016 |
- |
25/01/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
LEONG TIM FOOK |
|
Address |
: |
2, KIM YAM ROAD, RIVIERA POINT, 06-02,
239320, SINGAPORE. |
|
IC / PP No |
: |
E6021901H |
|
Nationality |
: |
SINGAPOREAN |
|
Date of Appointment |
: |
02/09/2009 |
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 |
863408D |
TRILLION RUBBER SDN. BHD. |
Director |
02/09/2009 |
0.00 |
- |
MYR1,201,722.00 |
2016 |
- |
25/01/2018 |
DIRECTOR 4
|
Name Of Subject |
: |
DATO' HJ ALIASAK BIN AMBIA |
|
Address |
: |
82, JALAN BUKIT INDAH 3/6, TAMAN BUKIT
INDAH, 68000 AMPANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
1457432 |
|
New IC No |
: |
400904-05-5075 |
|
Date of Birth |
: |
04/09/1940 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/11/2011 |
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 |
1122153D |
MALAYSIAN PALM OIL CERTIFICATION COUNCIL |
Director |
23/11/2015 |
0.00 |
- |
- |
- |
- |
25/01/2018 |
|
2 |
192835K |
MALAYSIAN PALM OIL COUNCIL |
Director |
02/07/2012 |
0.00 |
- |
MYR2,311,000.00 |
2009 |
- |
25/01/2018 |
|
3 |
1117422V |
PEKEBUN KECIL JAYA SDN. BHD. |
Director |
07/01/2015 |
1.00 |
0.002 |
MYR(3,572.00) |
2016 |
- |
25/01/2018 |
|
4 |
16384U |
PEKEBUN MAJU HOLDINGS BERHAD |
Director |
23/06/2008 |
0.00 |
- |
MYR(5,063.00) |
2016 |
- |
25/01/2018 |
|
5 |
143720U |
PK EDAR SDN.BHD. |
Director |
04/03/1997 |
0.00 |
- |
MYR1,812.00 |
2014 |
- |
25/01/2018 |
|
6 |
863408D |
TRILLION RUBBER SDN. BHD. |
Director |
01/11/2011 |
0.00 |
- |
MYR1,201,722.00 |
2016 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
962831A |
ALPHACARE SDN. BHD. |
Director |
22/05/2015 |
20/11/2017 |
- |
- |
|
2 |
241485V |
BENTENG NUSANTARA SDN. BHD. |
Director |
24/12/2004 |
04/02/2005 |
- |
- |
|
3 |
8922A |
MARDEC BERHAD |
Director |
16/05/2008 |
04/10/2011 |
- |
- |
|
4 |
1056018W |
MYANGKASA FARMASI SDN. BHD. |
Director |
11/11/2013 |
10/10/2017 |
- |
- |
|
5 |
1071724A |
MYANGKASA SERVICES SDN. BHD. |
Director |
12/01/2015 |
10/10/2017 |
- |
- |
|
6 |
227243W |
NARSCO COMMODITIES SDN. BHD. |
Director |
30/11/1996 |
15/10/1997 |
- |
In the process of striking off |
|
7 |
302054W |
NARSCO INFORMATION TECHNOLOGY SDN. BHD. |
Director |
02/08/1999 |
28/02/2005 |
- |
- |
|
8 |
221101H |
NARSCO PLANTATIONS & SERVICES SDN. BHD. |
Director |
06/03/1997 |
15/10/1997 |
- |
- |
|
9 |
91789X |
NARSCO TRADING & SUPPLIES SDN. BHD. |
Director |
21/03/1994 |
27/02/1997 |
- |
- |
|
10 |
217663H |
NARSCO TRADING SDN. BHD. |
Director |
28/02/2006 |
28/02/2007 |
- |
In the process of striking off |
|
11 |
72856K |
RISDA ESTATES SDN. BHD. |
Director |
01/01/1994 |
21/06/1997 |
- |
- |
|
12 |
324822D |
RISDA PLANTATION SDN. BHD. |
Director |
31/07/1996 |
01/01/1997 |
- |
- |
|
13 |
49358M |
RISDA SEMAIAN DAN LANDSKAP SDN. BHD. |
Director |
28/12/1989 |
07/10/1996 |
- |
- |
|
14 |
43130X |
RISDA VENTURES SDN. BHD. |
Director |
22/01/1994 |
01/12/1996 |
- |
- |
DIRECTOR 5
|
Name Of Subject |
: |
LIM THIAM CHYE |
|
Address |
: |
20, PENSHURST PLACE, 55643, MALAYSIA. |
|
IC / PP No |
: |
E3611792A |
|
Date of Appointment |
: |
20/05/2011 |
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 |
863408D |
TRILLION RUBBER SDN. BHD. |
Director |
20/05/2011 |
150,000.00 |
2.93 |
MYR1,201,722.00 |
2016 |
- |
25/01/2018 |
DIRECTOR 6
|
Name Of Subject |
: |
MR. GOY BOON KIAN @ WEE WEARN LEE |
|
Address |
: |
3587-C, JALAN BALANG, 75200 MELAKA, MELAKA,
MALAYSIA. |
|
IC / PP No |
: |
7510646 |
|
New IC No |
: |
481016-01-5259 |
|
Date of Birth |
: |
16/10/1948 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
07/07/2009 |
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 |
1060693M |
CINTA ENGINEERING SDN. BHD. |
Director |
03/09/2013 |
80,000.00 |
20.00 |
MYR(94,703.00) |
2016 |
- |
25/01/2018 |
|
2 |
51961U |
PEIYU HOLDINGS BHD. |
Shareholder |
- |
504.00 |
0.06 |
MYR(10,416.00) |
2016 |
- |
25/01/2018 |
|
3 |
1231943P |
SOUTHLAND RESOURCES (MALAYSIA) SDN. BHD. |
Director |
23/05/2017 |
0.00 |
- |
- |
- |
- |
25/01/2018 |
|
4 |
863408D |
TRILLION RUBBER SDN. BHD. |
Director |
07/07/2009 |
1,025,000.00 |
20.00 |
MYR1,201,722.00 |
2016 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
369728A |
HIGH WISDOM SDN. BHD. |
Director |
05/03/2009 |
30/06/2015 |
- |
- |
|
2 |
369728A |
HIGH WISDOM SDN. BHD. |
Shareholder |
- |
- |
200000.00 |
- |
|
3 |
51961U |
PEIYU HOLDINGS BHD. |
Shareholder |
- |
- |
504.00 |
- |
|
4 |
5016D |
UNITED GEE SENG COMPANY SDN BHD |
Director |
27/12/1993 |
26/12/2017 |
- |
- |
FORMER
DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
ADELENA LESTARI CHONG AI LIN |
10200 PENANG |
720206-10-5242 |
01/02/2010 |
22/04/2011 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
LIM THIAM CHYE |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
H.T. TAN & ASSOCIATES |
|
Auditor' Address |
: |
2ND FLOOR, B2 & B3, JALAN BAKAR ARANG,
08000 SUNGAI PETANI, KEDAH, MALAYSIA. |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. LAW SEUW CHING |
|
IC / PP No |
: |
5274616 |
|
|
New IC No |
: |
570808-02-6356 |
|
|
Address |
: |
240, TAMAN SRI PUTRA, 08000 SUNGAI PETANI,
KEDAH, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
BANGKOK BANK BHD |
|
2) |
Name |
: |
AMBANK (M) BHD |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
22/08/2011 |
MEMORANDUM OF DEPOSIT & LETTER OF SET
OFF |
AMBANK (M) BERHAD |
MYR 7,000,000.00 |
Unsatisfied |
|
2 |
23/02/2012 |
LETTER OF SET OFF |
BANGKOK BANK BERHAD |
- |
Unsatisfied |
|
3 |
16/01/2013 |
SECURITY AGREEMENT |
STANDARD CHARTERED BANK (MALAYSIA) BERHAD |
USD 5,000,000.00 |
Satisfied |
|
4 |
07/03/2013 |
MEMORANDUM OF DEPOSIT & LETTER OF SET
OFF |
CIMB BANK BERHAD |
MYR 2,000,000.00 |
Satisfied |
|
5 |
07/03/2013 |
MEMORANDUM OF DEPOSIT & LETTER OF
AUTHORIZATION |
CIMB BANK BERHAD |
MYR 6,000,000.00 |
Unsatisfied |
|
6 |
07/03/2013 |
N/A |
BANGKOK BANK BERHAD |
2,000,000.00 |
Unsatisfied |
|
7 |
13/08/2013 |
LETTER OF SET OFF |
BANGKOK BANK BERHAD |
- |
Unsatisfied |
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.
DEFAULTER CHECK
AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
] |
Good 31-60 Days |
[ |
] |
Average 61-90 Days |
[ |
X |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Products manufactured |
: |
|
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2016 |
2015 |
2013 |
|||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
|||||
|
COMPANY |
65 |
85 |
85 |
85 |
|||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacture and
trading of rubber products.
The Subject manufactures raw materials especially the rubber products for tyre
industry.
The Subject refused to disclose further information on its operation.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
04-4620078 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
LOT 3193, BATU 39, JALAN JENIANG, 08010
BUKIT SELAMBAU, KEDAH |
|
Current Address |
: |
LOT 3193, BATU 39, JALAN JENIANG, BUKIT
SELAMBAU,, 08010 SUNGAI PETANI, KEDAH, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
The Subject's fax facility is not in services at this moment.
The address provided also can be used for the Subject.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
11.30% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
28.11% |
] |
|
|
The fluctuating turnover reflects the
fierce competition among the existing and new market players.The management
had succeeded in turning the Subject into a profit making company. The profit
could be due to better control of its operating costs and efficiency in
utilising its resources. The Subject's management had generated acceptable
return for its shareholders using its assets. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
23 Days |
] |
|
|
Debtor Ratio |
: |
Acceptable |
[ |
64 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
22 Days |
] |
|
|
The Subject's stocks were moving fast thus
reducing its holding cost. This had reduced funds being tied up in stocks.
The Subject's management was quite efficient in handling its debtors. The
Subject's debtors days were at an acceptable range, thus the risk of its
debts turning bad was minimised. The Subject had a favourable creditors' ratio
where the Subject could be taking advantage of the cash discounts and also
wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Unfavourable |
[ |
0.79 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
0.93 Times |
] |
|
|
A low liquid ratio means that the Subject
may be facing working capital deficiency. If the Subject cannot obtain
additional financing or injection of fresh capital, it may face difficulties
in meeting its short term obligations. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Unfavourable |
[ |
2.85 Times |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
3.45 Times |
] |
|
|
The Subject's interest cover was low. If
its profits fall or when interest rate rises, it may not be able to
meet all its interest payment. The Subject was highly geared, thus it had a
high financial risk. The Subject was dependent on loans to finance its
business needs. In times of economic downturn and / or high interest rate,
the Subject will become less profitable and competitive than other firms in
the same industry, which are lowly geared. This is because the Subject has to
service the interest and to repay the loan, which will erode part of its
profits. The profits will fluctuate depending on the Subject's turnover and
the interest it needs to pay. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's turnover showed a volatile
trend but its losses were lower when compared to the previous corresponding
period. This could suggest that the Subject was more efficient in its
operating cost control and was more competitive. Due to its weak liquidity
position, the Subject will be faced with problems in meeting all its short
term obligations if no short term loan is obtained or additional capital
injected into the Subject. If there is a fall in the Subject's profit or any
increase in interest rate, the Subject may not be able to generate sufficient
cash-flow to service its interest. The Subject's gearing level was high and
its going concern will be in doubt if there is no injection of additional
shareholders' funds in times of economic downturn and / or high interest
rates. |
||||||
|
Overall financial condition of the Subject
: 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 |
|
|
221 : Manufacture of rubber products |
|
|
INDUSTRY : |
MANUFACTURING |
|
The manufacturing sector is forecast to
increase 5.3% in year 2018 (2017: 5.5%). Output of export-oriented industries
is projected to expand on account of sustained demand for E&E, refined
petroleum and woods products. Growth in the domestic-oriented industries is
anticipated to remain resilient supported by ongoing construction of
infrastructure projects as well as strong demand for consumer products,
especially food and transport equipment. |
|
|
Value added of the manufacturing sector
expanded further by 5.8% during the first half of 2017 (January – June 2016:
4.4%) with expansion across a wide range of outputs in both the export- and
domestic-oriented industries. During the first eight months, production
increased 6.4%, while sales rebounded significantly by 15.6% to RM500.2
billion (January – August 2016: 4%; -0.7%; RM432.8 billion). Output of
export-oriented industries rose 6.5% (January – August 2016: 4.3%) led by an
upturn in global electronics cycle and further enhanced by strong demand for
resource-based products. Meanwhile, domestic-oriented industries expanded
6.2% (January – August 2016: 3.4%) benefiting from vibrant consumption and
construction activities. |
|
|
Within the export-oriented industries,
E&E output expanded 9.3% while sales surged 16.3% to RM169.5 billion
(January – August 2016: 6.8%; 9%; RM145.8 billion). Growth emanated mainly
from the expansion in output of printed circuit boards, semiconductor devices
and electronic integrated circuits which strengthened further by 24.4%, 11.9%
and 16.9% (January – August 2016: 11.9%; 5.9%; 15%), respectively. This is in
line with the trend in global semiconductor sales which is expected to expand
11.5% in 2017, the highest level since 2010. On the contrary, the output of
computers and peripheral equipment contracted 7.7% (January – August 2016:
3.1%) as a result of lower demand for notebooks and personal computers
following rising preferences for smartphones and tablets. Meanwhile, consumer
electronics grew at a moderate pace of 2.6% (January – August 2016: 5.3%)
partly due to lower demand for in-car entertainment, portable media players
and digital cameras. |
|
|
Output of wood and wood products grew 7.3%
(January – August 2016: 7.8%). The growth was primarily supported by output
of sawmilling and planning of wood which expanded 14.7% (January – August
2016: 16.8%) in response to strong demand from Australia, Japan and the US. Meanwhile,
production of wooden and cane furniture remained steady at 10.9% (January –
August 2016: 10.9%), benefiting from greater adoption of technology and
diversification of export markets. |
|
|
Manufacture of food products rose 11.2%,
largely attributed to a significant increase in refined palm oil at 26.1%
(January – August 2016: 6.3%; -3.3%), following higher production of CPO.
Meanwhile, output of other food products grew 7% supported by production of
bread, cakes and other bakery (15.6%) as well as biscuits and cookies (12%)
to meet the rising demand from households (January – August 2016: 11.1%;
19.2%; 19.1%). |
|
|
For the year, the manufacturing sector is
projected to expand further by 5.5% (2016: 4.4%) mainly attributed to an
upturn in global semiconductor sales as well as higher demand for consumer
products and construction materials. |
|
|
OVERALL INDUSTRY OUTLOOK : Marginal Growth |
|
CREDIT RISK
EVALUATION & RECOMMENDATION
|
|
|
PROFIT AND LOSS
ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
TRILLION RUBBER SDN. BHD. |
|
Financial Year End |
2016-12-31 |
2015-12-31 |
2014-12-31 |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
130,722,609 |
120,302,751 |
210,617,950 |
376,167,891 |
344,024,731 |
|
Other Income |
444,033 |
900,962 |
2,626,917 |
544,695 |
3,600,825 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
131,166,642 |
121,203,713 |
213,244,867 |
376,712,586 |
347,625,556 |
|
Costs of Goods Sold |
(125,500,739) |
(121,955,450) |
(217,838,629) |
(367,097,076) |
(335,279,351) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
5,665,903 |
(751,737) |
(4,593,762) |
9,615,510 |
12,346,205 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
1,940,782 |
(4,664,187) |
(9,434,787) |
3,703,049 |
7,028,550 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
1,940,782 |
(4,664,187) |
(9,434,787) |
3,703,049 |
7,028,550 |
|
Taxation |
(739,060) |
1,077,858 |
1,947,942 |
(1,021,640) |
(1,964,685) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
1,201,722 |
(3,586,329) |
(7,486,845) |
2,681,409 |
5,063,865 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
7,854,830 |
11,441,159 |
18,928,004 |
16,246,595 |
11,182,730 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
7,854,830 |
11,441,159 |
18,928,004 |
16,246,595 |
11,182,730 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
9,056,552 |
7,854,830 |
11,441,159 |
18,928,004 |
16,246,595 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
9,056,552 |
7,854,830 |
11,441,159 |
18,928,004 |
16,246,595 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Bankers' acceptance |
528,081 |
808,638 |
861,753 |
834,800 |
503,660 |
|
Hire purchase |
6,360 |
8,012 |
10,358 |
8,528 |
4,149 |
|
Loan from holding company |
234,882 |
354,563 |
410,957 |
677,994 |
863,469 |
|
Term loan / Borrowing |
107,704 |
171,469 |
179,973 |
54,330 |
- |
|
Others |
170,734 |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,047,761 |
1,342,682 |
1,463,041 |
1,575,652 |
1,371,278 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
717,758 |
649,511 |
578,350 |
1,099,288 |
878,204 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
717,758 |
649,511 |
578,350 |
1,099,288 |
878,204 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
TRILLION RUBBER SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
14,124,548 |
13,109,381 |
11,213,241 |
11,708,091 |
1,496,584 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Deferred assets |
2,507,025 |
3,176,085 |
2,043,179 |
97,400 |
42,654 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
2,507,025 |
3,176,085 |
2,043,179 |
97,400 |
42,654 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
16,631,573 |
16,285,466 |
13,256,420 |
11,805,491 |
1,539,238 |
|
CURRENT ASSETS |
|||||
|
Stocks |
8,151,114 |
3,306,961 |
8,894,314 |
14,874,767 |
19,409,858 |
|
Trade debtors |
22,824,316 |
11,423,901 |
17,003,132 |
43,105,951 |
48,889,063 |
|
Other debtors, deposits & prepayments |
1,707,431 |
2,312,223 |
3,374,321 |
2,816,736 |
7,912,529 |
|
Short term deposits |
20,753,233 |
20,467,157 |
19,533,756 |
24,759,437 |
13,023,957 |
|
Amount due from director |
59,564 |
- |
- |
- |
- |
|
Cash & bank balances |
1,927,382 |
148,771 |
13,892,337 |
8,071,580 |
4,524,107 |
|
Others |
305,000 |
375,000 |
442,664 |
65,500 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
55,728,040 |
38,034,013 |
63,140,524 |
93,693,971 |
93,759,514 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
72,359,613 |
54,319,479 |
76,396,944 |
105,499,462 |
95,298,752 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
7,426,996 |
2,561,616 |
7,606,953 |
7,202,511 |
9,077,150 |
|
Other creditors & accruals |
3,700,447 |
2,110,005 |
2,037,511 |
3,324,793 |
3,213,970 |
|
Hire purchase & lease creditors |
40,008 |
40,008 |
55,296 |
127,287 |
232,998 |
|
Bank overdraft |
754,790 |
616,428 |
258,082 |
- |
479,335 |
|
Short term borrowings/Term loans |
2,530,104 |
2,420,688 |
1,899,834 |
1,819,746 |
- |
|
Bill & acceptances payable |
31,557,561 |
14,634,830 |
32,826,049 |
51,544,769 |
32,728,549 |
|
Amounts owing to holding company |
8,972,000 |
12,876,000 |
10,105,500 |
9,679,500 |
27,391,500 |
|
Amounts owing to director |
4,934,600 |
3,674,429 |
- |
- |
- |
|
Provision for taxation |
- |
- |
- |
- |
18,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
59,916,506 |
38,934,004 |
54,789,225 |
73,698,606 |
73,141,502 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
(4,188,466) |
(899,991) |
8,351,299 |
19,995,365 |
20,618,012 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Long term loans |
1,807,858 |
4,150,364 |
5,157,174 |
6,759,518 |
- |
|
Lease obligations |
2,764 |
- |
- |
- |
- |
|
Hire purchase creditors |
- |
42,772 |
82,780 |
138,077 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
1,810,622 |
4,193,136 |
5,239,954 |
6,897,595 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
10,632,485 |
11,192,339 |
16,367,765 |
24,903,261 |
22,157,250 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
5,125,000 |
5,125,000 |
5,125,000 |
5,125,000 |
5,125,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
5,125,000 |
5,125,000 |
5,125,000 |
5,125,000 |
5,125,000 |
|
RESERVES |
|||||
|
Exchange equalisation/fluctuation reserve |
(3,549,067) |
(1,787,491) |
(198,394) |
- |
- |
|
Retained profit/(loss) carried forward |
9,056,552 |
7,854,830 |
11,441,159 |
18,928,004 |
16,246,595 |
|
Others |
- |
- |
- |
850,257 |
785,655 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
5,507,485 |
6,067,339 |
11,242,765 |
19,778,261 |
17,032,250 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
10,632,485 |
11,192,339 |
16,367,765 |
24,903,261 |
22,157,250 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
TRILLION RUBBER SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
22,680,615 |
20,615,928 |
33,426,093 |
32,831,017 |
17,548,064 |
|
Net Liquid Funds |
(9,631,736) |
5,364,670 |
341,962 |
(18,713,752) |
(15,659,820) |
|
Net Liquid Assets |
(12,339,580) |
(4,206,952) |
(543,015) |
5,120,598 |
1,208,154 |
|
Net Current Assets/(Liabilities) |
(4,188,466) |
(899,991) |
8,351,299 |
19,995,365 |
20,618,012 |
|
Net Tangible Assets |
10,632,485 |
11,192,339 |
16,367,765 |
24,903,261 |
22,157,250 |
|
Net Monetary Assets |
(14,150,202) |
(8,400,088) |
(5,782,969) |
(1,776,997) |
1,208,154 |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
2,988,543 |
(3,321,505) |
(7,971,746) |
5,278,701 |
8,399,828 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
3,706,301 |
(2,671,994) |
(7,393,396) |
6,377,989 |
9,278,032 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
36,693,085 |
21,905,090 |
40,279,215 |
60,389,397 |
33,440,882 |
|
Total Liabilities |
61,727,128 |
43,127,140 |
60,029,179 |
80,596,201 |
73,141,502 |
|
Total Assets |
72,359,613 |
54,319,479 |
76,396,944 |
105,499,462 |
95,298,752 |
|
Net Assets |
10,632,485 |
11,192,339 |
16,367,765 |
24,903,261 |
22,157,250 |
|
Net Assets Backing |
10,632,485 |
11,192,339 |
16,367,765 |
24,903,261 |
22,157,250 |
|
Shareholders' Funds |
10,632,485 |
11,192,339 |
16,367,765 |
24,903,261 |
22,157,250 |
|
Total Share Capital |
5,125,000 |
5,125,000 |
5,125,000 |
5,125,000 |
5,125,000 |
|
Total Reserves |
5,507,485 |
6,067,339 |
11,242,765 |
19,778,261 |
17,032,250 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
8.66 |
(42.88) |
(44.01) |
9.34 |
(0.53) |
|
Proft/(Loss) Before Tax |
141.61 |
50.56 |
(354.78) |
(47.31) |
(32.37) |
|
Proft/(Loss) After Tax |
133.51 |
52.10 |
(379.21) |
(47.05) |
(34.04) |
|
Total Assets |
33.21 |
(28.90) |
(27.59) |
10.70 |
17.68 |
|
Total Liabilities |
43.13 |
(28.16) |
(25.52) |
10.19 |
14.23 |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.38 |
0.53 |
0.61 |
0.45 |
0.24 |
|
Liquid Ratio |
0.79 |
0.89 |
0.99 |
1.07 |
1.02 |
|
Current Ratio |
0.93 |
0.98 |
1.15 |
1.27 |
1.28 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
23 |
10 |
15 |
14 |
21 |
|
Debtors Ratio |
64 |
35 |
29 |
42 |
52 |
|
Creditors Ratio |
22 |
8 |
13 |
7 |
10 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
3.45 |
1.96 |
2.46 |
2.42 |
1.51 |
|
Liabilities Ratio |
5.81 |
3.85 |
3.67 |
3.24 |
3.30 |
|
Times Interest Earned Ratio |
2.85 |
(2.47) |
(5.45) |
3.35 |
6.13 |
|
Assets Backing Ratio |
2.07 |
2.18 |
3.19 |
4.86 |
4.32 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
1.48 |
(3.88) |
(4.48) |
0.98 |
2.04 |
|
Net Profit Margin |
0.92 |
(2.98) |
(3.55) |
0.71 |
1.47 |
|
Return On Net Assets |
28.11 |
(29.68) |
(48.70) |
21.20 |
37.91 |
|
Return On Capital Employed |
22.58 |
(20.71) |
(36.37) |
16.53 |
36.73 |
|
Return On Shareholders' Funds/Equity |
11.30 |
(32.04) |
(45.74) |
10.77 |
22.85 |
|
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 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
|
MYR |
1 |
INR 16.36 |
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.