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MIRA INFORM REPORT
|
Report No. : |
491413 |
|
Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
GIANT TMC (B) SDN BHD |
|
|
|
|
Registered Office : |
Giant Hypermarket Tasik Rimba, Lot 58865 Kampong Rimba, Mukim Gadong Bandar Seri Begawan Brunei/ Muara BE 3119 |
|
|
|
|
Country : |
Brunei Darussalam |
|
|
|
|
Financials (as on) : |
June, 2016 |
|
|
|
|
Date of Incorporation : |
11.05.2005 |
|
|
|
|
Com. Reg. No.: |
RC00006294 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Retail sale in non-specialised stores with food, beverages or tobacco Predominating. |
|
|
|
|
No. of Employees : |
180,000+ (Group) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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) |
|
Brunei Darussalam |
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 |
BRUNEI DARUSSALAM - ECONOMIC OVERVIEW
Brunei is an energy-rich sultanate on the northern coast of Borneo in Southeast Asia. Brunei boasts a well-educated, largely English-speaking population; excellent infrastructure; and a stable government intent on attracting foreign investment. Crude oil and natural gas production account for approximately 65% of GDP and 95% of exports, with Japan as the primary export market.
Per capita GDP is among the highest in the world, and substantial income from overseas investment supplements income from domestic hydrocarbon production. Bruneian citizens pay no personal income taxes, and the government provides free medical services and free education through the university level.
The Bruneian Government wants to diversify its economy away from hydrocarbon exports to other industries such as information and communications technology and halal manufacturing, permissible under Islamic law. Brunei’s trade increased in 2016 and 2017, following its regional economic integration in the ASEAN Economic Community, and the expected ratification of the Trans-Pacific Partnership trade agreement.
|
Source
: CIA |
COMPANY NAME
GIANT TMC (B) SDN BHD
Company Summary
|
Business
Name |
GIANT TMC
(B) SDN BHD |
|
Country |
BRUNEI
DARUSSALAM |
|
Company
Registration Number |
RC00006294 |
|
Main
Activity Code |
4711 |
|
Main
Activity Description |
Retail sale in non-specialised stores with food, beverages or tobacco predominating |
|
Company
Status |
Normal
(Active) |
|
Latest
Turnover Figure |
11.200.700.000 |
|
Latest
Shareholder Equity Figure |
-1.870.400.000 |
Basic Information
|
Business
Name |
GIANT TMC (B) SDN BHD |
|
Registered
Company Name |
GIANT TMC
(B) SDN BHD |
|
Company
Registration Number |
RC00006294 |
|
Country |
BRUNEI
DARUSSALAM |
|
VAT
Registration Number |
-- |
|
VAT
Registration Date |
-- |
|
Date
of Company Registration |
2005-05-11 |
|
Date
of Starting Operations |
2005-05-11 |
|
Commercial Court
|
-- |
|
Legal
Form |
Private Limited Liability Company |
|
Type of Ownership
|
-- |
|
Company
Status |
Normal
(Active) |
|
Principal
Activity Code |
-- |
|
Principal
Activity Description |
-- |
|
Contact
Telephone Number |
+673
2460820 |
Main Address
|
Address |
Country |
Telephone |
|
Giant
Hypermarket Tasik Rimba, Lot 58865
Kampong Rimba, Mukim Gadong
Bandar Seri Begawan Brunei/Muara BE
3119 |
BRUNEI
DARUSSALAM |
+673
2460820 |
Other Address
|
Address |
Country |
Telephone |
|
No other
addresses for this company. |
||
Previous Address
|
Address |
Country |
|
No previous addresses
for this company. |
|
Activities
|
Activity
Code |
Activity
Description |
|
4711 |
Retail
sale in non-specialised stores with food,
beverages or tobacco predominating |
Email Addresses
No email for this company.
Web Pages
www.dairyfarmgroup.com (Group)
Employee Information
|
Date Reported |
Number
of Employees |
|
2018 |
180,000+
(Group) |
Banker Information
|
Banker Name |
Banker
Address |
Phone Number |
|
No
banker information for this company. |
||
Advisors Information
|
Auditor Name |
Solicitor
Name |
|
No advisor
information for this company. |
|
Miscellaneous Information
|
Fax
Number |
+673
2460821 |
|
Export
Countries |
-- |
|
Import
Countries |
-- |
|
Additional
Business Information |
-- |
|
Additional
Rating Information |
Average Credit
Quality: Credit can proceed ONLY on
strict financing terms. Revision
of Credit Limit: Periodic/quarterly, Risk Index: Medium. |
|
Additional Payment Information
|
|
|
Additional Financial Information |
Financial Statement Were Prepared
As At 2017-06-30, 2016-12-31 and
2014-12-31. Required to file:No, Source: Group
Consolidated Statements, Presentation: Attached
to this report
Summarised below. The above group
consolidated figures relate to the
Subject's Ultimate Holding Company, DAIRY FARM
INTERNATIONAL HOLDINGS LIMITED and its subsidiaries. |
|
Number of Employees at
Address |
-- |
|
Number of Employees
at Group |
180,000+
(Group) |
|
Number
of Employees at Factory |
-- |
Additional Miscellaneous Information
|
Remarks |
The
Subject's registered address is: No 11,
1st Floor, Regent
Square, Simpang 150, Kiulap BE1518 Bandar
Seri Begawan, Brunei/Muara Brunei Darussalam |
|
Main
Activities |
Hypermarket and
retailer chain. |
|
Issuing
Authority |
Registry
of Companies and Business Names |
|
Corporate Affiliations
|
Name:
DAIRY FARM INTERNATIONAL HOLDINGS LIMITED
Affiliation type: Ultimate Holding Company
Address: 11/F Devon House, Taikoo Place
979 King’s Road, Quarry Bay Hong
Kong. Jardine House 33-35 Reid Street
Hamilton HM EX Bermuda. |
Profit and Loss
|
Financial
Year |
2017-06 |
2016-12 |
2014-12 |
|
Number
of Weeks |
26 |
52 |
52 |
|
Currency |
USD |
USD |
USD |
|
Consolidated
Accounts |
Yes |
Yes |
Yes |
|
Revenue |
5.505.300.000
|
11.200.700.000
|
11.137.300.000
|
|
Operating
Costs |
5.305.200.000
|
10.748.100.000
|
10.702.000.000
|
|
Operating
Profit |
200.100.000 |
452.600.000 |
435.300.000 |
|
Wages
& Salaries |
- |
- |
- |
|
Pension Costs |
- |
- |
- |
|
Depreciation
|
- |
- |
- |
|
Amortisation |
- |
- |
- |
|
Financial
Income |
800.000
|
1.500.000
|
1.700.000 |
|
Financial Expenses |
13.200.000
|
23.300.000
|
15.300.000 |
|
Extraordinary
Income |
61.300.000 |
114.500.000 |
85.000.000 |
|
Extraordinary Costs |
- |
- |
- |
|
Profit Before Tax |
249.000.000
|
545.300.000
|
506.700.000
|
|
Tax |
40.000.000
|
85.100.000
|
84.400.000
|
|
Profit after Tax |
209.000.000 |
460.200.000 |
422.300.000 |
|
Dividends |
- |
- |
- |
|
Minority
Interests |
- |
- |
- |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
209.000.000 |
460.200.000 |
422.300.000 |
Balance Sheet
|
Land
& Buildings |
0 |
0 |
0 |
|
Plant
& Machinery |
0 |
0 |
0 |
|
Other
Tangible Assets |
1.115.100.000 |
1.099.500.000 |
1.140.800.000 |
|
Total
Tangible Assets |
1.115.100.000 |
1.099.500.000 |
1.140.800.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other
Intangible Assets |
793.200.000 |
765.100.000 |
744.400.000 |
|
Total
Intangible Assets |
793.200.000 |
765.100.000 |
744.400.000 |
|
Investments |
6.400.000 |
5.900.000 |
6.800.000 |
|
Loans
to Group |
0 |
0 |
0 |
|
Other
Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
1.684.000.000 |
1.641.600.000 |
1.488.600.000 |
|
Total
Other Fixed Assets |
1.690.400.000 |
1.647.500.000 |
1.495.400.000 |
|
Total
Fixed Assets |
3.598.700.000 |
3.512.100.000 |
3.380.600.000 |
|
Raw
Materials |
0 |
0 |
0 |
|
Work
in Progress |
0 |
0 |
0 |
|
Finished
Goods |
0 |
0 |
0 |
|
Other
Inventories |
967.500.000 |
983.100.000 |
936.800.000 |
|
Total
Inventories |
967.500.000 |
983.100.000 |
936.800.000 |
|
Trade
Receivables |
0 |
0 |
0 |
|
Group
Receivables |
0 |
0 |
0 |
|
Receivables
Due after 1 year |
0 |
0 |
0 |
|
Miscellaneous
Receivables |
0 |
0 |
0 |
|
Total
Receivables |
0 |
0 |
0 |
|
Cash |
299.100.000 |
323.800.000 |
258.500.000 |
|
Other
Current Assets |
-3.221.400.000 |
-3.239.600.000 |
-3.120.700.000 |
|
Total
Current Assets |
-1.954.800.000 |
-1.932.700.000 |
-1.925.400.000 |
|
Total
Assets |
1.643.900.000 |
1.579.400.000 |
1.455.200.000 |
|
Trade
Payables |
2.253.800.000 |
2.327.900.000 |
2.354.500.000 |
|
Bank
Liabilities |
0 |
0 |
0 |
|
Other
Loans or Finance |
471.800.000 |
369.600.000 |
729.600.000 |
|
Group
Payables |
0 |
0 |
0 |
|
Miscellaneous
Liabilities |
88.600.000 |
73.400.000 |
66.600.000 |
|
Total
Current Liabilities |
2.814.200.000 |
2.770.900.000 |
3.150.700.000 |
|
Trade
Payables After 1 Year |
0 |
0 |
0 |
|
Bank
Liabilities After 1 Year |
0 |
0 |
0 |
|
Other
Loans or Finance due after 1 year |
512.200.000 |
595.000.000 |
10.600.000 |
|
Group
Payables After 1 Year |
0 |
0 |
0 |
|
Miscellaneous
Liabilities Due After 1 Year |
187.900.000 |
132.800.000 |
204.400.000 |
|
Total
Long Term Liabilities |
700.100.000 |
727.800.000 |
215.000.000 |
|
Total
Liabilities |
3.514.300.000 |
3.498.700.000 |
3.365.700.000 |
|
Called
Up Share Capital |
0 |
0 |
0 |
|
Share
Premium |
0 |
0 |
0 |
|
Revenue
Reserves |
0 |
0 |
0 |
|
Other
Reserves |
-1.870.400.000 |
-1.919.300.000 |
-1.910.500.000 |
|
Total
Shareholders Equity |
-1.870.400.000 |
-1.919.300.000 |
-1.910.500.000 |
Other Financials
|
Contingent
Liabilities |
|
|
|
|
Working
Capital |
-4.769.000.000 |
-4.703.600.000 |
-5.076.100.000 |
|
Net
Worth |
-2.663.600.000 |
-2.684.400.000 |
-2.654.900.000 |
Ratios
|
Pre
Tax Profit Margin |
4.52 |
4.87 |
4.55 |
|
Return
On Capital Employed |
-21.28 |
-45.77 |
-29.88 |
|
Return
On Total Assets Employed |
15.15 |
34.53 |
34.82 |
|
Return
On Net Assets Employed |
-13.31 |
-28.41 |
-26.52 |
|
Sales
/ Net Working Capital |
-1.15 |
-2.38 |
-2.19 |
|
Stock
Turnover Ratio |
17.57 |
8.78 |
8.41 |
|
Debtor
Days |
19.83 |
10.55 |
8.47 |
|
Creditor
Days |
149.43 |
75.86 |
77.16 |
|
Current
Ratio |
-0.69 |
-0.7 |
-0.61 |
|
Liquidity
Ratio Or Acid Test |
-1.04 |
-1.05 |
-0.91 |
|
Current
Debt Ratio |
-1.5 |
-1.44 |
-1.65 |
|
Gearing |
|
|
|
|
Equity
In Percentage |
-219.87 |
-235.7 |
-268.78 |
|
Total
Debt Ratio |
-1.88 |
-1.82 |
-1.76 |
Additional Financials
|
Gross
Profit |
- |
- |
- |
Current Directors
|
Name |
Gender |
Address |
Date of Birth |
Position |
|
Abdul
Lattif PD Hj Mohd Yusuf |
Unknown |
No.24,
Simpang 140-13, Jalan Madang
Berakas, Brunei/Muara BC3715 |
-- |
Director |
|
|
|
|
|
|
|
Pierre-Olivier Claude
Deplanck |
Unknown |
No.7,
Persiaran Batai Barat Bukit Damansara Kuala
Lumpur, 50490 Malaysia |
-- |
Director |
Previous Directors
|
Name |
Gender |
Address |
Date of
Birth |
Position |
Resignation
Date |
|
No
previous directors for this company. |
|||||
Share Capital Structure
|
Nominal
Share Capital |
5.000.000 |
|
Issued
Share Capital |
-- |
Shareholders
|
Shareholder |
Address |
% Shares Held |
|
DAIRY
FARM MANAGEMENT LIMITED |
Bermuda |
|
|
DFI
MAURITIUS LTD |
Mauritius |
|
Ultimate Holding Parent
|
Name |
Type |
Office Type |
Status |
Registration Number |
Vat Number |
Address |
Phone Number |
|
No Ultimate Holding Parent for
this company. |
|||||||
Immediate Holding Parent
|
Name |
Status |
Registration Number
|
Address |
|
DAIRY
FARM MANAGEMENT LIMITED |
Active |
-- |
Jardine
House 33-35 Reid Street Hamilton HM EX |
Subsidiaries
|
Name |
Status |
Registration Number |
Address |
|
No subsidiaries
for this company. |
|||
Affiliates
|
Name |
Status |
Registration Number |
Address |
|
No
affiliates for this company. |
|||
Negative Information
No negative
information for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.71 |
|
BND |
1 |
INR 49.06 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
NIT |
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.