|
|
|
MIRA INFORM REPORT
|
Report No. : |
492098 |
|
Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
FELDA PALM
INDUSTRIES SDN. BHD. |
|
|
|
|
Registered Office : |
Level 45, Menara Felda, Platinum Park, No. 11,
Persiaran Klcc, 50088 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
14.09.1995 |
|
|
|
|
Com. Reg. No.: |
359584-V |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
manufacturing of crude palm oil products, investment holding. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
-- |
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. |
: |
359584-V |
||||
|
GST NO. |
: |
000207093760 |
||||
|
COMPANY NAME |
: |
FELDA PALM INDUSTRIES SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
14/09/1995 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
LEVEL 45, MENARA FELDA, PLATINUM PARK, NO.
11, PERSIARAN KLCC, 50088 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LEVEL 22 & 23, MENARA FELDA, PLATINUM
PARK, NO. 11, PERSIARAN KLCC, 50088 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
||||
|
TEL.NO. |
: |
03-28591405/28591400 |
||||
|
FAX.NO. |
: |
N/A |
||||
|
EMAIL |
: |
MARKETING.FPISB@FELDAGLOBAL.COM |
||||
|
WEB SITE |
: |
WWW.FELDAPALMINDUSTRIES.COM |
||||
|
CONTACT PERSON |
: |
SAARI BIN DIN ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
10401 64200 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING OF CRUDE PALM OIL PRODUCTS,
INVESTMENT HOLDING |
||||
|
AUTHORISED CAPITAL |
: |
MYR
202,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 202,000,000.00
DIVIDED INTO |
||||
|
SALES |
: |
MYR 709,528,000 [2016] |
||||
|
NET WORTH |
: |
MYR 2,053,806,000 [2016] |
||||
|
M1000 OVERALL RANKING |
: |
40[2011] |
||||
|
M1000 INDUSTRY RANKING |
: |
4[2011] |
||||
|
STAFF STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
TRACED |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
LIMITED |
||||
|
PAYMENT |
: |
SLOW BUT CORRECT |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
GOOD |
||||
|
INDUSTRY OUTLOOK |
: |
MATURE |
||||
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) manufacturing of crude palm oil products, investment holding.
The subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
|
According to the Malaysia 1000 publication,
the Subject's ranking are as follows: |
|
|||||
|
||||||
|
YEAR |
2011 |
2009 |
2008 |
2005 |
2004 |
|
|
OVERALL RANKING |
40 |
36 |
59 |
32 |
47 |
|
|
INDUSTRY RANKING |
4 |
4 |
4 |
2 |
2 |
|
Former Address(es)
|
Address |
As At Date |
|
LEVEL 3, BALAI FELDA, JALAN GURNEY 1,
54000, WILAYAH PERSEKUTUAN, MALAYSIA |
02/01/2013 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
01/01/1996 |
MYR 202,000,000.00 |
MYR 202,000,000.00 |
|
23/09/1995 |
MYR 100,000.00 |
MYR 3.00 |
The major shareholder(s) of the Subject are shown
as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
FELDA HOLDINGS BHD. |
FELDA HOLDINGS BHD, LEVEL 25 MENARA FELDA,
PLATINUM PARK NO 11 PERSIARAN KLCC, 50088 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
358158V |
145,442,924.00 |
72.00 |
|
KOPERASI PERMODALAN FELDA BERHAD |
MALAYSIA |
000000051 |
56,557,076.00 |
28.00 |
|
--------------- |
------ |
|||
|
202,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
|
Local No |
Country |
Company |
Status |
(%) |
As At |
|
23120H |
MALAYSIA |
DELIMA OIL PRODUCTS SDN. BHD. |
- |
100.00 |
25/01/2018 |
|
522888X |
MALAYSIA |
ECOMEX PALM OIL (MALAYSIA) SDN. BHD. |
Disolved |
1.53 |
25/01/2018 |
|
590787K |
MALAYSIA |
FELDA INPROSER BIOPALMA FEEDS SDN. BHD. |
Winding-Up |
2.00 |
25/01/2018 |
|
353786A |
MALAYSIA |
FELDA KERNEL PRODUCTS SDN. BHD. |
- |
83.33 |
25/01/2018 |
|
353807M |
MALAYSIA |
FELDA MARKETING SERVICES SDN. BHD. |
- |
51.00 |
25/01/2018 |
|
353930K |
MALAYSIA |
FELDA VEGETABLE OIL PRODUCTS SDN. BHD. |
- |
66.67 |
25/01/2018 |
|
881900M |
MALAYSIA |
FNI BIOFUEL SDN. BHD. |
- |
100.00 |
25/01/2018 |
|
842898P |
MALAYSIA |
FTJ BIO POWER SDN. BHD. |
- |
60.00 |
25/01/2018 |
|
480236T |
MALAYSIA |
SUTRAJAYA SHIPPING SDN. BHD. |
Winding-Up |
100.00 |
25/01/2018 |
|
400426D |
MALAYSIA |
TAIKO CLAY CHEMICALS SDN. BHD. |
- |
30.00 |
25/01/2018 |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. SAARI BIN DIN |
|
Address |
: |
PARIT 12, SUNGAI NIBONG, 45300 SUNGAI
BESAR, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
48,JALAN INDAH 19, TMN CHERAS INDAH,CHERAS,
KUALA LUMPUR., 56100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
5492990 |
|
New IC No |
: |
581216-10-6575 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
15/05/2014 |
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 |
359584V |
FELDA PALM INDUSTRIES SDN. BHD. |
Director |
15/05/2014 |
0.00 |
- |
MYR(16,519,000.00) |
2016 |
- |
25/01/2018 |
|
2 |
357718K |
FELDA TRANSPORT SERVICES SDN. BHD. |
Director |
31/12/2017 |
0.00 |
- |
MYR4,967,708.00 |
2016 |
- |
25/01/2018 |
|
3 |
1061206U |
GABUNGAN BESTARI JENGKA SDN. BHD. |
Director |
06/09/2013 |
1.00 |
20.00 |
MYR(1,389.00) |
2015 |
- |
25/01/2018 |
|
4 |
211014U |
KPF AGRO PROPERTIES SDN. BHD. |
Director |
21/08/2017 |
0.00 |
- |
MYR504,184.00 |
2016 |
- |
25/01/2018 |
|
5 |
940006P |
KPF HOTEL MANAGEMENT SDN. BHD. |
Director |
21/08/2017 |
0.00 |
- |
N/A |
2016 |
- |
25/01/2018 |
|
6 |
1108463D |
KPF PLANTATION SDN. BHD. |
Director |
21/10/2015 |
0.00 |
- |
MYR50,663.00 |
2016 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
858614D |
KPF HOLDINGS SDN. BHD. |
Director |
09/05/2014 |
22/08/2017 |
- |
- |
DIRECTOR 2
|
Name Of Subject |
: |
DATO' ROSNI BINTI ZAHARI |
|
Address |
: |
CASA RIENIE LOT 3259, BUKIT PENGAWAN, JALAN
MARAN, 28000 TEMERLOH, PAHANG, MALAYSIA. |
|
Other Address(es) |
: |
24-B,JALAN BAHAGIAN 13, TAMAN BAHAGIA,
28000 TEMERLOH, PAHANG, MALAYSIA. |
|
IC / PP No |
: |
6261716 |
|
New IC No |
: |
610411-03-5338 |
|
Date of Birth |
: |
11/04/1961 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
15/01/2007 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
see below |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
971455X |
CHULIA GRIDCOMM FACILITIES MANAGEMENT SDN.
BHD. |
Director |
15/03/2012 |
10.00 |
0.002 |
282.00 |
- |
In the process of striking off |
25/01/2018 |
|
2 |
359584V |
FELDA PALM INDUSTRIES SDN. BHD. |
Director |
15/01/2007 |
0.00 |
- |
MYR(16,519,000.00) |
2016 |
- |
25/01/2018 |
|
3 |
935722K |
MSM MALAYSIA HOLDINGS BERHAD |
Director |
25/03/2011 |
20,000.00 |
0.003 |
MYR120,722,000.00 |
2016 |
- |
25/01/2018 |
|
4 |
321567M |
PERKASA SUTERA - BIZHASIL JV SDN. BHD. |
Director |
25/06/2009 |
0.00 |
- |
MYR(1,978.00) |
2016 |
- |
25/01/2018 |
|
5 |
202685V |
PERKASA SUTERA SDN. BHD. |
Director |
01/02/2013 |
0.00 |
- |
MYR2,696,523.00 |
2016 |
- |
25/01/2018 |
|
6 |
1058876P |
SOHONISTA SDN. BHD. |
Director |
20/08/2013 |
1.00 |
33.33 |
MYR(4,300.00) |
2014 |
In the process of striking off |
25/01/2018 |
|
7 |
434871P |
WARISAN JENGKA HOLDINGS (M) SDN. BHD. |
Director |
25/01/2005 |
0.00 |
- |
MYR(3,959,344.00) |
2016 |
- |
25/01/2018 |
|
8 |
1167760P |
YAYASAN JUWITA |
Director |
02/12/2015 |
0.00 |
- |
282.00 |
- |
- |
25/01/2018 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
CT0026459P |
ROSZA HOME DECOR |
SOLE PROPRIETORSHIP |
17/02/2014 |
100.00 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
432255K |
RANGKAI JUJUR SDN. BHD. |
Director |
02/09/1997 |
12/06/2001 |
- |
- |
|
2 |
12239D |
SRI JENGKA SDN. BHD. |
Director |
20/02/2006 |
02/03/2006 |
- |
- |
|
3 |
476077U |
WARISAN JENGKA BINA SDN. BHD. |
Director |
20/02/2006 |
02/03/2006 |
- |
- |
DIRECTOR 3
|
Name Of Subject |
: |
MS. SAFARIAH BINTI AWANG NGAH |
|
Address |
: |
485, PERINGKAT 3, BUKIT SAGU 1, 25730
KUANTAN, PAHANG, MALAYSIA. |
|
IC / PP No |
: |
A1034785 |
|
New IC No |
: |
680515-06-5412 |
|
Date of Birth |
: |
15/05/1968 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/09/2015 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
see below |
|
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 |
359584V |
FELDA PALM INDUSTRIES SDN. BHD. |
Director |
01/09/2015 |
0.00 |
- |
MYR(16,519,000.00) |
2016 |
- |
25/01/2018 |
|
2 |
1061909H |
INSPIRASI GABUNGAN FELDA WILAYAH KUANTAN
SDN. BHD. |
Director |
14/11/2014 |
1.00 |
0.04 |
MYR(37,982.00) |
2016 |
- |
25/01/2018 |
|
3 |
1128903W |
SAFA TEGUH SDN. BHD. |
Director |
26/01/2015 |
1.00 |
50.00 |
MYR(4,300.00) |
2015 |
- |
25/01/2018 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
CA0082806V |
FARHA ENTERPRISE |
PARTNERSHIP |
18/06/2004 |
50.00 |
- |
25/01/2018 |
|
2 |
CA0103300U |
SAFARIAH BINTI AWANG NGAH |
SOLE PROPRIETORSHIP |
21/04/2006 |
100.00 |
- |
25/01/2018 |
DIRECTOR 4
|
Name Of Subject |
: |
MR. ZAKARIA BIN ARSHAD |
|
Address |
: |
NO. 15, JALAN VILLA PUTRA 3, TAMAN VILLA PUTRA,
47000 SUNGAI BULOH, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
97 JALAN 2/62, BANDAR MENJALARA, KEPONG,
KUALA LUMPUR, 52100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
5804258 |
|
New IC No |
: |
591118-05-5099 |
|
Date of Birth |
: |
18/11/1959 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/05/2016 |
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 |
23120H |
DELIMA OIL PRODUCTS SDN. BHD. |
Director |
01/01/2016 |
0.00 |
- |
MYR(27,684,925.00) |
2016 |
- |
25/01/2018 |
|
2 |
353791M |
FELDA AGRICULTURAL SERVICES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR32,482,335.00 |
2015 |
- |
25/01/2018 |
|
3 |
299557X |
FELDA ENGINEERING SERVICES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR10,353,755.00 |
2016 |
- |
25/01/2018 |
|
4 |
1045809X |
FELDA GLOBAL VENTURES CAPITAL SDN. BHD. |
Director |
29/03/2016 |
0.00 |
- |
MYR6,509,427.00 |
2016 |
- |
25/01/2018 |
|
5 |
974151U |
FELDA GLOBAL VENTURES DOWNSTREAM SDN. BHD. |
Director |
01/01/2014 |
0.00 |
- |
MYR(11,322,776.00) |
2016 |
- |
25/01/2018 |
|
6 |
800165P |
FELDA GLOBAL VENTURES HOLDINGS BERHAD |
Director |
01/04/2016 |
0.00 |
- |
MYR69,223,000.00 |
2016 |
- |
25/01/2018 |
|
7 |
838183V |
FELDA GLOBAL VENTURES KALIMANTAN SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR7,546,568.00 |
2016 |
- |
25/01/2018 |
|
8 |
974143H |
FELDA GLOBAL VENTURES PLANTATIONS
(MALAYSIA) SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(348,827,000.00) |
2016 |
- |
25/01/2018 |
|
9 |
974146W |
FELDA GLOBAL VENTURES PLANTATIONS SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(9,059.00) |
2016 |
- |
25/01/2018 |
|
10 |
1108377U |
FELDA GLOBAL VENTURES RUBBER SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(25,607.00) |
2016 |
- |
25/01/2018 |
|
11 |
829994X |
FELDA GLOBAL VENTURES SUGAR SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR72,236,789.00 |
2016 |
- |
25/01/2018 |
|
12 |
358158V |
FELDA HOLDINGS BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR90,682,000.00 |
2016 |
- |
25/01/2018 |
|
13 |
24499V |
FELDA IFFCO OIL PRODUCTS SDN. BHD. |
Director |
15/07/2013 |
0.00 |
- |
MYR(46,426.00) |
2013 |
- |
25/01/2018 |
|
14 |
756204H |
FELDA IFFCO SDN. BHD. |
Director |
19/07/2013 |
0.00 |
- |
MYR(60,965,279.00) |
2016 |
- |
25/01/2018 |
|
15 |
920555W |
FELDA IFFCO TRADING SDN. BHD. |
Director |
01/01/2016 |
0.00 |
- |
MYR15,793,679.00 |
2016 |
- |
25/01/2018 |
|
16 |
353786A |
FELDA KERNEL PRODUCTS SDN. BHD. |
Director |
01/01/2014 |
0.00 |
- |
MYR(6,890,499.00) |
2016 |
- |
25/01/2018 |
|
17 |
353807M |
FELDA MARKETING SERVICES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR5,477,000.00 |
2016 |
- |
25/01/2018 |
|
18 |
359584V |
FELDA PALM INDUSTRIES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(16,519,000.00) |
2016 |
- |
25/01/2018 |
|
19 |
353944K |
FELDA PRODATA SYSTEMS SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR9,255,073.00 |
2016 |
- |
25/01/2018 |
|
20 |
353987X |
FELDA PROPERTIES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR875,041.00 |
2016 |
- |
25/01/2018 |
|
21 |
357896U |
FELDA RUBBER INDUSTRIES SDN. BHD. |
Director |
01/03/2017 |
0.00 |
- |
MYR(1,637,000.00) |
2015 |
- |
25/01/2018 |
|
22 |
357789M |
FELDA SECURITY SERVICES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(1,220,655.00) |
2016 |
- |
25/01/2018 |
|
23 |
357718K |
FELDA TRANSPORT SERVICES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR4,967,708.00 |
2016 |
- |
25/01/2018 |
|
24 |
100395K |
FELDA TRAVEL SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(397,878.00) |
2016 |
- |
25/01/2018 |
|
25 |
353930K |
FELDA VEGETABLE OIL PRODUCTS SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(15,795,000.00) |
2016 |
- |
25/01/2018 |
|
26 |
20547U |
FELDA-JOHORE BULKERS SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR35,248,565.00 |
2016 |
- |
25/01/2018 |
|
27 |
1104073D |
FGV GREEN ENERGY SDN. BHD. |
Director |
01/03/2017 |
0.00 |
- |
MYR(1,347,024.00) |
2016 |
- |
25/01/2018 |
|
28 |
1166561P |
FGV LOGISTICS SDN. BHD. |
Director |
29/03/2016 |
0.00 |
- |
MYR(1,113,041.00) |
2016 |
- |
25/01/2018 |
|
29 |
1108459V |
FGV R&D AND AGRI SERVICES SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(70,573.00) |
2016 |
- |
25/01/2018 |
|
30 |
1108816U |
FGV TRADING SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(151,757,000.00) |
2015 |
- |
25/01/2018 |
|
31 |
184896U |
FPG OLEOCHEMICALS SDN. BHD. |
Director |
01/01/2014 |
0.00 |
- |
MYR20,028,000.00 |
2016 |
- |
25/01/2018 |
|
32 |
67044U |
FS OILS SDN. BHD. |
Director |
01/02/2013 |
0.00 |
- |
N/A |
2016 |
- |
25/01/2018 |
|
33 |
747681H |
JF TECHNOLOGY BERHAD |
Shareholder |
- |
523,300.00 |
0.42 |
MYR1,042,000.00 |
2016 |
- |
25/01/2018 |
|
34 |
21580T |
LADANG TAI TAK (KOTA TINGGI) SDN. BHD. |
Director |
13/04/2017 |
0.00 |
- |
MYR12,745,538.00 |
2016 |
- |
25/01/2018 |
|
35 |
297357K |
LAMKARA SDN. BHD. |
Director |
25/04/1994 |
15,000.00 |
50.00 |
282.00 |
- |
Disolved by Registrar |
25/01/2018 |
|
36 |
192835K |
MALAYSIAN PALM OIL COUNCIL |
Director |
19/01/2016 |
0.00 |
- |
MYR2,311,000.00 |
2009 |
- |
25/01/2018 |
|
37 |
786542A |
MEO TRADING SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(287,867.00) |
2015 |
- |
25/01/2018 |
|
38 |
935722K |
MSM MALAYSIA HOLDINGS BERHAD |
Director |
01/04/2016 |
0.00 |
- |
MYR120,722,000.00 |
2016 |
- |
25/01/2018 |
|
39 |
2121P |
PONTIAN UNITED PLANTATIONS BERHAD |
Director |
01/05/2016 |
0.00 |
- |
MYR38,386,889.00 |
2016 |
- |
25/01/2018 |
|
40 |
400426D |
TAIKO CLAY CHEMICALS SDN. BHD. |
Director |
07/02/2017 |
0.00 |
- |
MYR55,607,874.00 |
2016 |
- |
25/01/2018 |
|
41 |
420003M |
TRURICH RESOURCES SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(24,582,000.00) |
2016 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
19442T |
CADBURY CONFECTIONERY MALAYSIA SDN. BHD. |
Director |
01/04/2015 |
01/07/2016 |
- |
- |
|
2 |
329586M |
CERMAT MELATI SDN. BHD. |
Director |
23/01/1995 |
22/01/1997 |
- |
- |
|
3 |
659466A |
FELDA GLOBAL VENTURES NORTH AMERICA SDN.
BHD. |
Director |
01/01/2016 |
01/06/2016 |
- |
- |
|
4 |
978609P |
FELDA GLOBAL VENTURES SHARED SERVICES
CENTRE SDN. BHD. |
Director |
29/03/2016 |
01/06/2016 |
- |
- |
|
5 |
1108483M |
FGV APPLIED TECHNOLOGIES SDN. BHD. |
Director |
29/03/2016 |
20/11/2017 |
- |
- |
|
6 |
1042741D |
FGV BIOTECHNOLOGIES SDN. BHD. |
Director |
01/01/2014 |
26/06/2016 |
- |
- |
|
7 |
1121563W |
FGV GREEN RUBBER SDN. BHD. |
Director |
29/03/2016 |
01/06/2016 |
- |
- |
|
8 |
1071933D |
FGV LIPID VENTURE SDN. BHD. |
Director |
27/12/2013 |
01/06/2016 |
- |
- |
|
9 |
872503M |
FGV RESOURCES SDN. BHD. |
Director |
29/03/2016 |
01/06/2016 |
- |
- |
DIRECTOR 5
|
Name Of Subject |
: |
MR. FAIRUZ BIN ISMAIL |
|
Address |
: |
1716, JALAN GAJAH 11, KG KUBU DALAM, 47000
SUNGAI BULOH, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
24 JALAN IMPIAN KASIH 3, SAUJANA IMPIAN,
43000 KAJANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
7263596 |
|
New IC No |
: |
631121-07-5801 |
|
Date of Birth |
: |
21/11/1963 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/11/2017 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
see below |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
941655A |
CBS MAJU SDN. BHD. |
Director |
17/11/2014 |
25,000.00 |
10.00 |
MYR(85,723.00) |
2017 |
- |
25/01/2018 |
|
2 |
842806M |
CSY LINK SDN. BHD. |
Director |
20/03/2017 |
5,000.00 |
50.00 |
MYR(2,442.00) |
2016 |
- |
25/01/2018 |
|
3 |
353791M |
FELDA AGRICULTURAL SERVICES SDN. BHD. |
Director |
20/11/2017 |
0.00 |
- |
MYR32,482,335.00 |
2015 |
- |
25/01/2018 |
|
4 |
838183V |
FELDA GLOBAL VENTURES KALIMANTAN SDN. BHD. |
Director |
20/11/2017 |
0.00 |
- |
MYR7,546,568.00 |
2016 |
- |
25/01/2018 |
|
5 |
974143H |
FELDA GLOBAL VENTURES PLANTATIONS
(MALAYSIA) SDN. BHD. |
Director |
01/11/2017 |
0.00 |
- |
MYR(348,827,000.00) |
2016 |
- |
25/01/2018 |
|
6 |
359584V |
FELDA PALM INDUSTRIES SDN. BHD. |
Director |
01/11/2017 |
0.00 |
- |
MYR(16,519,000.00) |
2016 |
- |
25/01/2018 |
|
7 |
842898P |
FTJ BIO POWER SDN. BHD. |
Director |
31/12/2017 |
0.00 |
- |
MYR(34,786,905.00) |
2016 |
- |
25/01/2018 |
|
8 |
967881V |
GRAND PERFORMANCE SDN. BHD. |
Director |
01/11/2017 |
0.00 |
- |
MYR(324,650.00) |
2016 |
- |
25/01/2018 |
|
9 |
551279D |
INCOSETIA SDN. BHD. |
Director |
01/11/2017 |
0.00 |
- |
MYR(5,669,061.00) |
2016 |
- |
25/01/2018 |
|
10 |
651486X |
JUBILANT PARADISE SDN. BHD. |
Director |
01/11/2017 |
0.00 |
- |
MYR191,693.00 |
2016 |
- |
25/01/2018 |
|
11 |
981539A |
KINGSTON DYNASTY SDN. BHD. |
Director |
16/04/2012 |
25,000.00 |
50.00 |
MYR(4,266.00) |
2017 |
- |
25/01/2018 |
|
12 |
846639D |
KRONOS PLANTATION SDN. BHD. |
Director |
01/11/2017 |
0.00 |
- |
MYR(1,944,698.00) |
2016 |
- |
25/01/2018 |
|
13 |
1218036K |
PROJECKT LINK SDN. BHD. |
Director |
07/02/2017 |
20.00 |
20.00 |
282.00 |
- |
- |
25/01/2018 |
|
14 |
1139036P |
PROJECKT STUDIO SDN. BHD. |
Director |
06/04/2015 |
51.00 |
51.00 |
MYR(40,175.00) |
2016 |
- |
25/01/2018 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
SA0308594P |
FAIRUZ ISMAIL MANAGEMENT |
SOLE PROPRIETORSHIP |
08/09/2014 |
100.00 |
- |
25/01/2018 |
|
2 |
001658050X |
GLOBAL CONCEPT RESOURCES |
PARTNERSHIP |
21/12/2006 |
50.00 |
- |
25/01/2018 |
|
3 |
IP0129397M |
MAJU PANTAI ENTERPRISE |
PARTNERSHIP |
18/06/2004 |
33.00 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
781856D |
FELDA GLOBAL VENTURES INDONESIA SDN BHD |
Director |
13/03/2012 |
01/10/2012 |
- |
- |
|
2 |
974146W |
FELDA GLOBAL VENTURES PLANTATIONS SDN. BHD. |
Director |
21/02/2012 |
31/12/2013 |
- |
- |
|
3 |
357896U |
FELDA RUBBER INDUSTRIES SDN. BHD. |
Director |
01/02/2013 |
31/12/2013 |
- |
- |
|
4 |
700736W |
FELDA TECHNOPLANT SDN. BHD. |
Director |
15/09/2012 |
05/08/2013 |
- |
- |
|
5 |
881900M |
FNI BIOFUEL SDN. BHD. |
Director |
01/02/2013 |
31/12/2013 |
- |
- |
|
6 |
420003M |
TRURICH RESOURCES SDN. BHD. |
Director |
07/10/2011 |
31/12/2013 |
- |
- |
DIRECTOR 6
|
Name Of Subject |
: |
MR. SUHAIDI BIN HAMZAH |
|
Address |
: |
NO. 25, JALAN PULAU ANGSA U10/36D, BANDAR
NUSA RHU, 40170 SHAH ALAM, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
6375772 |
|
New IC No |
: |
620112-03-5425 |
|
Date of Birth |
: |
12/01/1962 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/11/2017 |
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 |
781856D |
FELDA GLOBAL VENTURES INDONESIA SDN BHD |
Director |
01/06/2016 |
0.00 |
- |
MYR149,893.00 |
2015 |
- |
25/01/2018 |
|
2 |
359584V |
FELDA PALM INDUSTRIES SDN. BHD. |
Director |
01/11/2017 |
0.00 |
- |
MYR(16,519,000.00) |
2016 |
- |
25/01/2018 |
|
3 |
64416W |
KILANG KELAPA SAWIT PONTIAN SENDIRIAN
BERHAD |
Director |
21/08/2017 |
0.00 |
- |
MYR1,460,062.00 |
2015 |
- |
25/01/2018 |
|
4 |
242656P |
LADANG KLUANG SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR1,856,573.00 |
2016 |
- |
25/01/2018 |
|
5 |
61182D |
PONTIAN FICO PLANTATIONS SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR11,992,466.00 |
2016 |
- |
25/01/2018 |
|
6 |
67731P |
PONTIAN HILLCO PLANTATIONS SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR9,561,523.00 |
2016 |
- |
25/01/2018 |
|
7 |
46350H |
PONTIAN MATERIS PLANTATIONS SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR2,254,716.00 |
2016 |
- |
25/01/2018 |
|
8 |
61152A |
PONTIAN ORICO PLANTATIONS SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR8,355,076.00 |
2016 |
- |
25/01/2018 |
|
9 |
61257K |
PONTIAN PENDIROSA PLANTATIONS SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR10,651,087.00 |
2016 |
- |
25/01/2018 |
|
10 |
118398A |
PONTIAN SUBOK PLANTATIONS SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR8,321,148.00 |
2016 |
- |
25/01/2018 |
|
11 |
59350U |
RAWAJAYA SDN. BHD. |
Director |
01/03/2017 |
0.00 |
- |
MYR2,662,376.00 |
2016 |
- |
25/01/2018 |
|
12 |
104948U |
REDEFINED LAND SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR16,977.00 |
2016 |
- |
25/01/2018 |
|
13 |
53939A |
SABAHANYA PLANTATIONS SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR10,073,550.00 |
2016 |
- |
25/01/2018 |
|
14 |
825513K |
SOUTH ASIAN FARMS SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR(2,323.00) |
2016 |
- |
25/01/2018 |
|
15 |
175966X |
SRI KEHUMA SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR2,844,482.00 |
2016 |
- |
25/01/2018 |
|
16 |
367805M |
TANAH EMAS OIL PALM PROCESSING SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR4,356,668.00 |
2016 |
- |
25/01/2018 |
|
17 |
239824M |
YAPIDMAS PLANTATION SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR5,932,090.00 |
2016 |
- |
25/01/2018 |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
ZAINAL BIN HASSAN |
B-70 TINGKAT 2 JALAN WONG AH JANG, KUANTAN,
PAHANG, KUANTAN, PAHANG, MALAYSIA |
440830-06-5161 |
14/12/1995 |
01/06/1998 |
|
YUSOF BIN BASIRAN |
97, JALAN SS 3/41, TAMAN KELANA JAYA,
PETALING JAYA, SELANGOR, MALAYSIA |
480620-05-5359 |
01/02/2006 |
19/11/2010 |
|
YIIS BIN ABDULLAH DATO' |
SELANGOR |
471106-06-5031 |
22/01/2003 |
31/12/2004 |
|
SYED SOFI BIN SYED OMAR |
460113025261 |
01/01/2005 |
01/02/2006 |
|
|
SABRI BIN AHMAD, DATO` |
NO 108 JALAN ATHINAHAPAN 2, TAMAN TUN DR ISMAIL,
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
470520-08-5519 |
15/07/2010 |
15/07/2013 |
|
SITI RAUDAH BINTI MOHD YUSOFF |
NO.105,FELDA CHIKU 2, GUA MUSANG, KELANTAN,
GUA MUSANG, KELANTAN, MALAYSIA |
520925-03-5416 |
14/12/1995 |
01/01/1998 |
|
RAJA MUHAMMAD ALIAS BIN RAJA MUHAMMAD ALI |
7, JALAN 7/7D (FIRUS EMPAT), SEKSYEN 7,
SHAH ALAM, SELANGOR, MALAYSIA |
320810-05-5357 |
14/12/1995 |
01/07/2001 |
|
NOOR EHSANUDDIN BIN MOHD HARUN NARRASHID |
NO.7,TAMAN PERKASA, JALAN MERSING, KLUANG,JOHOR,
KLUANG, JOHOR, MALAYSIA |
630722-01-6001 |
15/09/2012 |
30/06/2014 |
|
R SHARIFUDDIN HIZAN BIN R ZAINAL ABIDIN |
NO. 7 LORONG 7A, TAMAN SRI UKAY, AMPANG,
WILAYAH PERSEKUTUAN, MALAYSIA |
460121-08-5395 |
01/01/2005 |
31/12/2005 |
|
NIK MOHD ZAIN BIN HAJI NIK YUSOFPROFESSOR
DATO' |
40, JALAN AU2A/20, KUALA ROMPIN, PAHANG,
PAHANG |
461215035385 |
14/12/1995 |
15/12/2002 |
|
MOHD JUSOH |
11, JALAN 2/1E, BANDAR BARU BANGI,
SELANGOR, MALAYSIA |
410205-11-5007 |
01/07/2001 |
01/01/2011 |
|
MOHD SARI BIN JA'AFAR |
500827-04-5209 |
03/01/2003 |
08/10/2004 |
|
|
MOHD RAMLI BIN MOHAMOOD |
43,PERINGKAT 1, FELDA IJOK, SELAMA, PERAK,
SELAMA, PERAK, MALAYSIA |
480324-08-5625 |
03/01/2007 |
31/12/2009 |
|
MOHD BAKKE BIN SALLEH DATUK |
33, CHANGKAT DATUK SULAIMAN, TAMAN TUN DR
ISMAIL, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
540713-10-5919 |
05/12/2005 |
15/07/2010 |
|
MOHAMED FADZIL BIN MOHD YUNUS |
50,JALAN SETIA BAKTI 8, BUKIT DAMANSARA, KUALA
LUMPUR., KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
460628-05-5099 |
14/09/1995 |
31/12/2004 |
|
MOHAMAD BIN HAJI HASSAN |
NO. 18, JALAN MELAWATI 5, TAMAN MELAWATI,
KUALA LUMPUR., WILAYAH PERSEKUTUAN, MALAYSIA |
491130-03-5623 |
01/01/1998 |
01/01/2001 |
|
MEGAT DZIAUDDIN BIN MEGAT MAHMUD |
64,LENGKOK ZAABA, TAMAN TUN DR.ISMAIL,
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
460203-08-5057 |
01/02/2006 |
15/09/2012 |
|
MAHAMOOD BIN SARJONO |
NO.A105,FELDA ULU TEBRAU, ULU TIRAM, JOHOR TIMUR,
MALAYSIA |
0720070 |
14/12/1995 |
31/12/2004 |
|
MAHBOB BIN ABDULLAH |
59 JALAN SETIARAYA, DAMANSARA HEIGHTS,
KUALA LUMPUR, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
440608-05-5085 |
01/02/2006 |
15/09/2012 |
|
LING ENG PIAU |
33, JALAN SS4C/10, PETALING JAYA, SELANGOR,
MALAYSIA |
470425-08-5561 |
16/01/2002 |
31/12/2004 |
|
KHAMIS BIN MOHAMED SOM |
NO.7262, JALAN GELIGA, TAMAN SETIA GOMBAK,
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
490524-01-5313 |
02/01/2003 |
31/12/2007 |
|
KHALID BIN DAHLAN |
4,LORONG TEMPINIS KANAN 1, TMN.LUCKY
BANGSAR, K.LUMPUR., KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
421018-05-5137 |
01/01/1998 |
01/01/2003 |
|
KASAH BIN AHWAL |
NO 41,JALAN MELATI, GOMBAK SETIA, KUALA LUMPUR,
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
501006-05-5447 |
02/01/2008 |
02/05/2014 |
|
JACOB BIN KASOLAN,LT. |
4694,TMN.RIA 5, KM.5,JALAN UTARA BARU,
TAWAU,SABAH, TAWAU, SABAH, MALAYSIA |
570220-12-5759 |
04/01/2010 |
15/09/2012 |
|
ISHAK BIN TADIN |
7,LORONG CHAN CHIN MOOI 1, JALAN
TITIWANGSA, K.LUMPUR, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
311226-05-5097 |
01/01/1998 |
01/02/2006 |
|
DZULKIFLI BIN ABD WAHAB |
NO. 34, JALAN AMAN PERDANA 5D/KU5, TAMAN
AMAN PERDANA,, KLANG, SELANGOR, MALAYSIA |
550428-05-5333 |
09/04/2009 |
15/09/2012 |
|
HASSAN BIN HASHIM |
LOT 8623,JALAN NAKHODA KANAN, KPG.NAKHODA,
68100_BT.CAVES,SELANG |
490911075455 |
02/01/2003 |
01/02/2006 |
|
BAHARUDIN BIN MOHD YUSOP |
29 LORONG BURUNG SINTAR 3, TMN BKT MALURI,
KEPONG, K.L, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
4598204 |
14/12/1995 |
16/03/1998 |
|
AHMAD TARMIZI BIN ALIAS |
NO 38, LORONG DENDANG, KAW 16, TMN BUKIT
CEMERLANG, KLANG, SELANGOR, MALAYSIA |
510927-10-5589 |
03/01/2007 |
05/03/2009 |
|
AHMAD TAJUDDIN BIN SULAIMAN HAJI |
H 105,JALAN KARYAWAN 2, TAMAN GURU,
KUANTAN, PAHANG, MALAYSIA |
531007-06-5193 |
16/01/2002 |
31/12/2006 |
|
ABDULLAH BIN YUSOFF |
35,LENGKOK ZAABA, TAMAN TUN DR ISMAIL, KUALA
LUMPUR, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
410708-11-5025 |
14/09/1995 |
31/12/2002 |
|
ABDUL HAMID B.SHAFIE |
NO.186 FELDA JENGKA 22, BANDAR PUSAT
JENGKA, PAHANG, MALAYSIA |
560609-07-5535 |
01/02/2006 |
31/12/2006 |
|
ABDUL AZIZ BIN ZAKARIA |
38,JALAN PAWANG, OFF JALAN KERAMAT HUJONG,
K.LUMPUR., KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
410125-05-5083 |
01/02/2006 |
15/09/2012 |
|
MOHD ISA BIN ABDUL SAMAD |
LOT 1237,KPG BARU SIRUSA, PORT DICKSON, NEGERI
SEMBILAN, SI RUSA, NEGERI SEMBILAN, MALAYSIA |
491114-04-5151 |
08/02/2011 |
28/06/2017 |
|
MOHD EM MAVANI BIN ABDULLAH DR. |
NO. 33 JALAN 2/55L, TAMAN SETIAWANGSA,
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
631015-04-5377 |
01/02/2013 |
01/04/2016 |
|
HUSSIN BIN ALI |
NO.433,JALAN S2D16, ACACIA,GARDEN CITY
HOMES, SEREMBAN 2, SEREMBAN, NEGERI SEMBILAN, MALAYSIA |
550428-01-5841 |
15/05/2014 |
25/06/2015 |
|
ABU BAKAR BIN ISA RAMAT |
NO. 3962, TAMAN TUNKU PUAN CHIK, BAHAU,
NEGERI SEMBILAN, MALAYSIA |
801206-05-5307 |
15/09/2012 |
01/11/2017 |
|
FAIZOULL BIN AHMAD |
NO. 54, KUALA TERENGGANU GOLF RESORT, JALAN
TOK JEMBAL, KUALA TERENGGANU, TERENGGANU, MALAYSIA |
600507-05-5423 |
15/09/2012 |
25/06/2015 |
|
DATO' NOZULA BIN MAT DIAH |
BANDAR CIKU 03, GUA MUSANG, KELANTAN, GUA
MUSANG, KELANTAN, MALAYSIA |
570220-03-5323 |
01/04/2015 |
31/12/2015 |
|
DATUK ABD HALIM BIN HAMID |
NO. 1, JALAN KESUMA 4, TAMAN KESUMA,
AMPANG, SELANGOR, MALAYSIA |
540218-09-5071 |
01/01/2016 |
01/06/2016 |
|
PALANIAPPAN A/L M S SWAMINATHAN |
29, JALAN SS 20/6, DAMANSARA UTAMA,
PETALING JAYA, SELANGOR, MALAYSIA |
541210-10-6519 |
01/06/2016 |
01/11/2017 |
|
ABD.RAZAK BIN YUNUS |
10, JALAN KESUMA, TAMAN KESUMA, AMPANG,
SELANGOR, MALAYSIA |
580428-05-5875 |
01/06/2016 |
01/11/2017 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
SAARI BIN DIN |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
PRICEWATERHOUSECOOPERS |
|
Auditor' Address |
: |
LEVEL 10, 1 SENTRAL, JALAN RAKYAT, KUALA
LUMPUR SENTRAL, 50470 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. KOO SHUANG YEN |
|
IC / PP No |
: |
6770467 |
|
|
New IC No |
: |
620820-06-5246 |
|
|
Address |
: |
35, JALAN BU 4/9, BANDAR UTAMA, 47800
PETALING JAYA, SELANGOR, MALAYSIA. |
|
|
2) |
Company Secretary |
: |
MR. ABD RASHID BIN ATAN |
|
IC / PP No |
: |
6265235 |
|
|
New IC No |
: |
611001-01-5021 |
|
|
Address |
: |
2, JALAN BUNGA TANJUNG, KAMPUNG MELAYU
SUBANG, 40150 SHAH ALAM, SELANGOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
01/10/1997 |
N/A |
FEDERAL LAND DEVELOPMENT AUTHORITY |
MYR 80,000,000.00 |
Satisfied |
|
2 |
17/09/2002 |
N/A |
LEMBAGA KEMAJUAN TANAH PERSEKUTUAN FELDA |
MYR 25,000,000.00 |
Satisfied |
|
3 |
03/12/2003 |
N/A |
LEMBAGA KEMAJUAN TANAH PERSEKUTUAN |
MYR 29,000,000.00 |
Satisfied |
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.
There is/are CLOSED litigation case(s) on the Subject in our database as below:
- 2 case(s) filed in year 2017
- 1 case(s) filed in year 2016
According to the Credit Reporting Agencies Act 2010, consent from the Subject
is required for the disclosure of this credit information. In order to have the
consent from the Subject, we need to serve a notice to the Subject by disclose
the following according to the Act Section 23(1) :
1) Enquirer or Company who request for this credit information.
2) Contact person of Enquirer
3) Purpose of this credit information being used.
4) Contact person of the Subject.
We shall appreciate if you can furnish us the above in order for us to serve a
notice or inform the Subject accordingly. Otherwise, we are prohibited to
disclose this credit information if there is no consent from the Subject
according to the Act Section 24(1)(a).
No winding up petition was found in our affiliate's company 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 |
Percentage |
: |
45% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
Percentage |
: |
55% |
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Products manufactured |
: |
|
||||
|
Services |
: |
INVESTMENT HOLDING |
||||
|
Award |
: |
1 ) MS ISO
14001 Year :2006 |
||||
|
Competitor(s) |
: |
BINTULU EDIBLE
OILS SDN. BHD. |
||||
|
Ownership of premises |
: |
OWNED |
||||
|
Production Capacity |
: |
|
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing of crude
palm oil products, investment holding.
The Subject's core activities are purchasing and processing of fresh fruit
bunch (FFB) from the Felda Estates, Settlers and External Suppliers to produce
Crude Palm Oil (CPO) and Palm Kernel (PK).
The Subject is the largest crude palm oil producer with a production of
2.51million tonnes per year which is 17% of the total Malaysia's production.
The Subject's vision is to be world leader in palm oil industry.
The Subject's mission is moving towards excellence in the 21st century and
making FPI a leader in quality products and services which meet customers'
satisfaction.
It engage in best practices, meet world standards and innovate green
initiatives throughout its upstream operations. As one of the leading producer
of Crude Palm Oil, the Group commit to advancing a greener future.
RECENT DEVELOPMENT
|
We have checked with the Malaysian National News Agency's (BERNAMA) database,
but no latest development was noted in our investigation.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-28591405/28591400 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
5TH FLOOR, BALAI FELDA, JALAN GURNEY SATU
54000 KUALA LUMPUR |
|
Current Address |
: |
LEVEL 22 & 23, MENARA FELDA, PLATINUM
PARK, NO. 11, PERSIARAN KLCC, 50088 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
The address provided belongs to the Subject's former business address.
The Subject refused to disclose its number of employees.
The Subject does not use fax facilities.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Decreased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
(0.80%) |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
0.87% |
] |
|
|
The continuous fall in turnover could be due
to the lower demand for the Subject's products / services.The Subject's
profit fell sharply because of the high operating costs incurred. The
Subject's unfavourable returns on shareholders' funds indicate the
management's inefficiency in utilising its assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
5 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
The Subject's stocks were moving fast thus
reducing its holding cost. This had reduced funds being tied up in stocks.
The favourable debtors' days could be due to the good credit control measures
implemented by the Subject. The Subject had a favourable creditors' ratio
where the Subject could be taking advantage of the cash discounts and also
wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
5.54 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
5.62 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 |
[ |
2.29 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 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 had no gearing and hence it had
virtually no financial risk. The Subject was financed by its shareholders'
funds and internally generated fund. During the economic downturn, the
Subject, having a zero gearing, will be able to compete better than those
which are highly geared in the same industry. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's performance deteriorated over
the years with lower turnover and profit. The Subject was in good liquidity
position with its total current liabilities well covered by its total current
assets. With its current net assets, the Subject should be able to repay its
short term obligations. 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 was a zero gearing company, it
was solely dependant on its shareholders to provide funds to finance its
business. The Subject has good chance of getting loans, if the needs arises. |
||||||
|
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 |
|
|
10401 : Manufacture of crude palm oil |
|
|
64200 : Activities of investment holding
companies |
|
|
INDUSTRY : |
PALM OIL |
|
According to the Malaysian Palm Oil Council
(MPOC), Malaysia currently accounts for 39% of world palm oil production and
44% of world exports in year 2014. Malaysia is also one of the biggest
producers and exporters of oil palm and palm oil products. In the last 5
years until year 2014, Malaysia earned between RM50 billion and RM70 billion
a year from palm oil exports. |
|
|
Besides, the ongoing implementation of
Entry Point Projects (EPPs) under the National Key Economic Area (NKEA) on
palm oil to enhance productivity of upstream and downstream activities will
further boost the palm oil sector. Thus, palm oil sector is expected to grow
6.7% in 2014 (2013: 2.6%). Moreover, the total oil palm planted areas
increased 2.8% to 5.3 million hectares as at end-June 2014 (end-June 2013:
5.2 million hectares) following the opening of 30,544 hectares of cultivated
areas mainly in Sabah and Sarawak. Other than that, the production of palm
oil is expected to growth by 1.6% (19.52 million tonnes) in year 2014,
compared to 19.22 million tonnes in year 2013. |
|
|
According to Kenanga Research, the
estimated average crude palm oil (CPO) price for 2014 and 2015 is between
RM2,100 and RM2,500 per tonne due to lower inventory estimate by end-2015. The
estimated prices also lifted by factors such as biofuel demand and petroleum
price level. But, the average price of crude palm oil (CPO) strengthened to
RM2,542 per tonne during the first eight months of 2014 (January - August
2013: Rm2,309 per tonne). However, with production rising in the second
quarter coupled with high inventory level (end-August 2014: 2.1 million
tonnes), the price of CPO moderated to RM2,162 per tonne as at end-August
2014, and hitting a five-year low of RM1,914 per tonne in Sept 2014 as
stockpiles surged to a more than 1 year high above 2 million tonnes. The
moderation in CPO prices was also due to a surge in global supplies of edible
oil, particularly the bumper harvest of soybean in the US. |
|
|
Over the total exports of major products in
year 2013, palm oil accounts 6.4% of share in the total exports. During the
first seven months of 2014, export receipts of palm oil rebounded by 4.9% to
RM25.8 billion (January - July 2013: -21.9%, RM 24.6 billion) due to higher
export prices averaging RM 2,703 per tonne (January - July 2013: Rm 2,456 per
tonne). As a measure to reduce the high inventory due to strong output, the
Government has exempted export tax on CPO until December 2014. The
Government's move to extend the export duty exemption for crude palm oil
(CPO) has received positive reaction from industry players. The chairman of
Malaysian Palm Oil Board (MPOB) said the move provided a stable effect on the
CPO market prices. |
|
|
In Budget 2015, there is an allocation of RM41
million for smallholders to plant and replant oil palm. The incentives for
commodities announced in Budget 2015 will help alleviate the problems faced
by the industry, especially the poor prices for rubber and palm oil. |
|
|
According to the Minister of Plantation
Industries and Commodities, the Malaysian government will increase the amount
of palm oil based bio-diesel in the national diesel supply mix from November
2014, in a move that will also help to increase consumption of crude palm oil
(CPO) and reduce stockpile levels of the commodity. The implementation of the
B7 blend will also increase the use palm oil which prices have softened due
to oversupply in the market. According to the Malaysian Palm Oil Council
(MPOC), CPO prices are expected to improve to between RM2,100 and RM2,500 in
year 2015, lifted by factors such as biofuel demand from the B7 programme.
CIMB Research estimates that the rollout could raise the country's palm oil
demand by 263,000-390,000 tonnes per annum, or 1-2% of the total palm oil
production in 2013. |
|
|
OVERALL INDUSTRY OUTLOOK : Mature |
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
FELDA PALM INDUSTRIES 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 |
GROUP |
GROUP |
|
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 |
709,528,000 |
1,394,011,000 |
12,683,902,000 |
12,646,093,000 |
15,094,594,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
709,528,000 |
1,394,011,000 |
12,683,902,000 |
12,646,093,000 |
15,094,594,000 |
|
Costs of Goods Sold |
(483,405,000) |
(1,058,403,000) |
(7,987,647,000) |
(11,867,563,000) |
(14,173,252,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
226,123,000 |
335,608,000 |
4,696,255,000 |
778,530,000 |
921,342,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
10,033,000 |
155,030,000 |
436,986,000 |
74,528,000 |
241,365,000 |
|
SHARE OF PROFITS/(LOSSES) OF ASSOCIATED
COMPANIES |
- |
- |
- |
10,676,000 |
13,476,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
10,033,000 |
155,030,000 |
436,986,000 |
85,204,000 |
254,841,000 |
|
Taxation |
(26,552,000) |
(40,700,000) |
(107,044,000) |
(27,120,000) |
(42,480,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(16,519,000) |
114,330,000 |
329,942,000 |
58,084,000 |
212,361,000 |
|
Minority interests |
- |
- |
- |
9,644,000 |
902,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
1,706,946,000 |
1,645,611,000 |
1,416,568,000 |
1,708,914,000 |
1,709,275,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
1,706,946,000 |
1,645,611,000 |
1,416,568,000 |
1,708,914,000 |
1,709,275,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
1,690,427,000 |
1,759,941,000 |
1,746,510,000 |
1,776,642,000 |
1,922,538,000 |
|
TRANSFER TO RESERVES - General |
(3,708,000) |
- |
101,000 |
1,244,000 |
(1,524,000) |
|
DIVIDENDS - Ordinary (paid & proposed) |
(50,500,000) |
(52,995,000) |
(101,000,000) |
(52,399,000) |
(212,100,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
1,636,219,000 |
1,706,946,000 |
1,645,611,000 |
1,725,487,000 |
1,708,914,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Others |
7,784,000 |
3,525,000 |
4,280,000 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
7,784,000 |
3,525,000 |
4,280,000 |
- |
- |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
123,525,000 |
114,681,000 |
101,141,000 |
118,890,000 |
107,107,000 |
|
AMORTIZATION |
1,670,000 |
1,604,000 |
1,564,000 |
1,529,000 |
1,569,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
125,195,000 |
116,285,000 |
102,705,000 |
120,419,000 |
108,676,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
FELDA PALM INDUSTRIES SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
1,458,443,000 |
1,502,337,000 |
1,451,769,000 |
1,658,003,000 |
1,577,749,000 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Subsidiary companies |
84,335,000 |
184,338,000 |
184,338,000 |
- |
- |
|
Associated companies |
41,452,000 |
41,452,000 |
41,452,000 |
100,366,000 |
92,345,000 |
|
Investment properties |
2,253,000 |
2,493,000 |
2,733,000 |
7,942,000 |
8,494,000 |
|
Deferred assets |
- |
- |
- |
3,869,000 |
1,931,000 |
|
Others |
60,447,000 |
63,526,000 |
30,323,000 |
148,326,000 |
150,092,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
188,487,000 |
291,809,000 |
258,846,000 |
260,503,000 |
252,862,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
1,646,930,000 |
1,794,146,000 |
1,710,615,000 |
1,918,506,000 |
1,830,611,000 |
|
CURRENT ASSETS |
|||||
|
Stocks |
9,687,000 |
9,167,000 |
165,108,000 |
615,091,000 |
658,011,000 |
|
Trade debtors |
248,000 |
209,000 |
1,330,000 |
367,126,000 |
366,866,000 |
|
Other debtors, deposits & prepayments |
5,674,000 |
9,864,000 |
5,866,000 |
13,924,000 |
11,548,000 |
|
Short term deposits |
179,098,000 |
54,814,000 |
229,034,000 |
666,974,000 |
711,475,000 |
|
Amount due from holding company |
9,192,000 |
2,931,000 |
60,000 |
4,657,000 |
26,203,000 |
|
Amount due from subsidiary companies |
2,492,000 |
14,734,000 |
125,433,000 |
- |
- |
|
Amount due from related companies |
502,708,000 |
521,693,000 |
793,432,000 |
837,186,000 |
667,196,000 |
|
Amount due from associated companies |
- |
- |
- |
42,000 |
42,000 |
|
Cash & bank balances |
6,302,000 |
5,736,000 |
4,328,000 |
50,453,000 |
98,932,000 |
|
Amount owing by shareholders |
1,000 |
4,000 |
16,000 |
- |
- |
|
Others |
22,906,000 |
7,747,000 |
33,376,000 |
73,449,000 |
38,030,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
738,308,000 |
626,899,000 |
1,357,983,000 |
2,628,902,000 |
2,578,303,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
2,385,238,000 |
2,421,045,000 |
3,068,598,000 |
4,547,408,000 |
4,408,914,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
54,000 |
89,000 |
41,762,000 |
148,001,000 |
126,734,000 |
|
Other creditors & accruals |
119,802,000 |
115,459,000 |
166,952,000 |
262,689,000 |
265,297,000 |
|
Short term borrowings/Term loans |
- |
- |
- |
- |
4,310,000 |
|
Other borrowings |
- |
- |
50,000,000 |
250,000,000 |
- |
|
Bill & acceptances payable |
- |
- |
50,000,000 |
619,203,000 |
584,445,000 |
|
Amounts owing to holding company |
153,000 |
154,000 |
399,000 |
6,539,000 |
1,181,000 |
|
Amounts owing to subsidiary companies |
- |
129,000 |
113,000 |
- |
- |
|
Amounts owing to related companies |
11,378,000 |
16,891,000 |
352,278,000 |
512,279,000 |
522,204,000 |
|
Provision for taxation |
- |
- |
1,575,000 |
- |
1,267,000 |
|
Other liabilities |
59,000 |
3,997,000 |
184,664,000 |
293,042,000 |
485,192,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
131,446,000 |
136,719,000 |
847,743,000 |
2,091,753,000 |
1,990,630,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
606,862,000 |
490,180,000 |
510,240,000 |
537,149,000 |
587,673,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Deferred taxation |
155,052,000 |
122,159,000 |
121,154,000 |
111,392,000 |
109,013,000 |
|
Retirement benefits provision |
19,434,000 |
12,134,000 |
11,003,000 |
36,952,000 |
12,376,000 |
|
Others |
25,500,000 |
25,500,000 |
25,500,000 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
199,986,000 |
159,793,000 |
157,657,000 |
148,344,000 |
121,389,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
2,053,806,000 |
2,124,533,000 |
2,063,198,000 |
2,307,311,000 |
2,296,895,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
202,000,000 |
202,000,000 |
202,000,000 |
202,000,000 |
202,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
202,000,000 |
202,000,000 |
202,000,000 |
202,000,000 |
202,000,000 |
|
RESERVES |
|||||
|
Share premium |
215,587,000 |
215,587,000 |
215,587,000 |
215,587,000 |
215,587,000 |
|
Exchange equalisation/fluctuation reserve |
- |
- |
- |
(990,000) |
(1,335,000) |
|
Retained profit/(loss) carried forward |
1,636,219,000 |
1,706,946,000 |
1,645,611,000 |
1,725,487,000 |
1,708,914,000 |
|
Others |
- |
- |
- |
17,689,000 |
18,581,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
1,851,806,000 |
1,922,533,000 |
1,861,198,000 |
1,957,773,000 |
1,941,747,000 |
|
MINORITY INTEREST |
- |
- |
- |
147,538,000 |
153,148,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
2,053,806,000 |
2,124,533,000 |
2,063,198,000 |
2,307,311,000 |
2,296,895,000 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
FELDA PALM INDUSTRIES SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
185,400,000 |
60,550,000 |
233,362,000 |
717,427,000 |
810,407,000 |
|
Net Liquid Funds |
185,400,000 |
60,550,000 |
183,362,000 |
98,224,000 |
225,962,000 |
|
Net Liquid Assets |
597,175,000 |
481,013,000 |
345,132,000 |
(77,942,000) |
(70,338,000) |
|
Net Current Assets/(Liabilities) |
606,862,000 |
490,180,000 |
510,240,000 |
537,149,000 |
587,673,000 |
|
Net Tangible Assets |
2,053,806,000 |
2,124,533,000 |
2,063,198,000 |
2,307,311,000 |
2,296,895,000 |
|
Net Monetary Assets |
397,189,000 |
321,220,000 |
187,475,000 |
(226,286,000) |
(191,727,000) |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
0 |
158,555,000 |
441,266,000 |
85,204,000 |
254,841,000 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
143,012,000 |
274,840,000 |
543,971,000 |
205,623,000 |
363,517,000 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
0 |
0 |
100,000,000 |
869,203,000 |
588,755,000 |
|
Total Liabilities |
331,432,000 |
296,512,000 |
1,005,400,000 |
2,240,097,000 |
2,112,019,000 |
|
Total Assets |
2,385,238,000 |
2,421,045,000 |
3,068,598,000 |
4,547,408,000 |
4,408,914,000 |
|
Net Assets |
2,253,792,000 |
2,284,326,000 |
2,220,855,000 |
2,455,655,000 |
2,418,284,000 |
|
Net Assets Backing |
2,053,806,000 |
2,124,533,000 |
2,063,198,000 |
2,307,311,000 |
2,296,895,000 |
|
Shareholders' Funds |
2,053,806,000 |
2,124,533,000 |
2,063,198,000 |
2,307,311,000 |
2,296,895,000 |
|
Total Share Capital |
202,000,000 |
202,000,000 |
202,000,000 |
202,000,000 |
202,000,000 |
|
Total Reserves |
1,851,806,000 |
1,922,533,000 |
1,861,198,000 |
1,957,773,000 |
1,941,747,000 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
(49.10) |
(89.01) |
0.30 |
(16.22) |
22.00 |
|
Proft/(Loss) Before Tax |
(93.53) |
(64.52) |
412.87 |
(66.57) |
(37.52) |
|
Proft/(Loss) After Tax |
(114.45) |
(65.35) |
468.04 |
(72.65) |
(35.73) |
|
Total Assets |
(1.48) |
(21.10) |
(32.52) |
3.14 |
41.48 |
|
Total Liabilities |
11.78 |
(70.51) |
(55.12) |
6.06 |
61.33 |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
1.41 |
0.44 |
0.28 |
0.34 |
0.41 |
|
Liquid Ratio |
5.54 |
4.52 |
1.41 |
0.96 |
0.96 |
|
Current Ratio |
5.62 |
4.59 |
1.60 |
1.26 |
1.30 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
5 |
2 |
5 |
18 |
16 |
|
Debtors Ratio |
0 |
0 |
0 |
11 |
9 |
|
Creditors Ratio |
0 |
0 |
2 |
5 |
3 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
0 |
0 |
0.05 |
0.38 |
0.26 |
|
Liabilities Ratio |
0.16 |
0.14 |
0.49 |
0.97 |
0.92 |
|
Times Interest Earned Ratio |
2.29 |
44.98 |
103.10 |
0 |
0 |
|
Assets Backing Ratio |
10.17 |
10.52 |
10.21 |
11.42 |
11.37 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
1.41 |
11.12 |
3.45 |
0.67 |
1.69 |
|
Net Profit Margin |
(2.33) |
8.20 |
2.60 |
0.54 |
1.41 |
|
Return On Net Assets |
0.87 |
7.46 |
21.39 |
3.69 |
11.10 |
|
Return On Capital Employed |
0.79 |
6.94 |
19.87 |
3.27 |
9.91 |
|
Return On Shareholders' Funds/Equity |
(0.80) |
5.38 |
15.99 |
2.94 |
9.28 |
|
Dividend Pay Out Ratio (Times) |
3.06 |
0.46 |
0.31 |
0.77 |
0.99 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.90 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
|
MYR |
1 |
INR 16.61 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.