|
|
|
MIRA
INFORM REPORT
|
Report No. : |
492180 |
|
Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAYA NETS SDN. BHD |
|
|
|
|
Formerly Known As : |
ALLIANCEPAC SDN BHD |
|
|
|
|
Registered Office : |
Lot 720, Jalan Kapar, Batu 5 1/2, 42100 Klang, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
12.09.1995 |
|
|
|
|
Com. Reg. No.: |
359212-K |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is engaged in the manufacturing of fishing products
and related products. |
|
|
|
|
No. of Employees : |
500 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Malaysia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
MALAYSIA - ECONOMIC OVERVIEW
Malaysia, an upper middle-income country, has transformed itself since the 1970s from a producer of raw materials into a multi-sector economy. Under current Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020 and to move further up the value-added production chain by attracting investments in high technology, knowledge-based industries and services. NAJIB's Economic Transformation Program is a series of projects and policy measures intended to accelerate the country's economic growth. The government has also taken steps to liberalize some services sub-sectors. Malaysia is vulnerable to a fall in world commodity prices or a general slowdown in global economic activity.
The NAJIB administration is continuing efforts to boost domestic demand and reduce the economy's dependence on exports. Domestic demand continues to anchor economic growth, supported mainly by private consumption, which accounts for 53% of GDP. Nevertheless, exports - particularly of electronics, oil and gas, and palm oil - remain a significant driver of the economy. In 2015, gross exports of goods and services were equivalent to 73% of GDP. The oil and gas sector supplied about 22% of government revenue in 2015, down significantly from prior years amid a decline in commodity prices and diversification of government revenues. Malaysia has embarked on a fiscal reform program aimed at achieving a balanced budget by 2020, including rationalization of subsidies and the 2015 introduction of a 6% value added tax. Sustained low commodity prices throughout the period not only strained government finances, but also shrunk Malaysia’s current account surplus and weighed heavily on the Malaysian ringgit, which was among the region’s worst performing currencies during 2013-17. The ringgit hit new lows following the US presidential election amid a broader selloff of emerging market assets.
Bank Negara Malaysia (the central bank) maintains adequate foreign exchange reserves; a well-developed regulatory regime has limited Malaysia's exposure to riskier financial instruments, although it remains vulnerable to volatile global capital flows. In order to increase Malaysia’s competitiveness, Prime Minister NAJIB raised possible revisions to the special economic and social preferences accorded to ethnic Malays under the New Economic Policy of 1970, but retreated in 2013 after he encountered significant opposition from Malay nationalists and other vested interests. In September 2013 NAJIB launched the new Bumiputra Economic Empowerment Program, policies that favor and advance the economic condition of ethnic Malays.
Malaysia signed the 12-nation Trans-Pacific Partnership (TPP) free trade agreement in February 2016, although the future of the TPP remains unclear following the US withdrawal from the agreement. Along with nine other ASEAN members, Malaysia established the ASEAN Economic Community in 2015, which aims to advance regional economic integration.
|
Source
: CIA |
EXECUTIVE SUMMARY |
|
REGISTRATION NO. |
: |
359212-K |
||||
|
GST NO. |
: |
000977797120 |
||||
|
COMPANY NAME |
: |
JAYA NETS SDN. BHD. |
||||
|
FORMER NAME |
: |
ALLIANCEPAC SDN BHD (12/11/1997) |
||||
|
INCORPORATION DATE |
: |
12/09/1995 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
LOT 720, JALAN KAPAR, BATU 5 1/2, 42100 KLANG, SELANGOR,
MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
LOT 720, JALAN KAPAR, BATU 5 1/2, 42100 KLANG, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-32919588 |
||||
|
FAX.NO. |
: |
03-32911555 |
||||
|
WEB SITE |
: |
WWW.JAYANETS.COM |
||||
|
CONTACT PERSON |
: |
PETER CHEW GUAN TECK ( MANAGING DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
13940 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING OF FISHING PRODUCTS AND RELATED PRODUCTS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 10,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 10,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
500 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
UNKNOWN |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
HISTORY / BACKGROUND |
The Subject is an exempt private company which is allowed to have
a minimum of two and a maximum of twenty shareholders and all the shareholders
must be individuals. An exempt company is a type of private limited company. 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, suing or be sued by other companies. The Subject is governed by the
Companies Act, 1965 and must file in its annual return. The Subject need not
file in its financial statements but it has to file in a document duly signed
by its director in charge of its finance, the secretary and its auditor stating
that the Subject is able to meet all its obligations as and when they fall due.
Although the Subject is not required to file in its financial statements, it
also has to prepare its financial account which must be presented at the Annual
General Meeting.
The Subject is principally engaged in the (as a / as an)
manufacturing of fishing products and related products.
The Subject is not listed on Bursa Malaysia (Malaysia Stock
Exchange).
Former Address(es)
|
Address |
As At Date |
|
C15-1,LEVEL 15,TOWER C, MEGAN PHILEO AVENUE, 12,JLN YAP KWAN
SENG;K.LUM., 50450, WILAYAH PERSEKUTUAN, MALAYSIA |
15/02/2013 |
|
LOT 6 LINGKARAN SUL.HISHAMUDDIN, KAW. PERUS. SELAT KLANG UTARA,
P. KLANG, 42000, SELANGOR, MALAYSIA |
15/02/2013 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
15/02/2013 |
MYR 10,000,000.00 |
MYR 10,000,000.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. CHEW GUAN TECK + |
9, JALAN SETIA NUSANTARA U13/22A,, SETIA ECO PARK, 40170 SHAH
ALAM, SELANGOR, MALAYSIA. |
620114-10-7269 6406682 |
4,000,000.00 |
40.00 |
|
MR. CHEW GUAN CHIN + |
LOT 272, 12, JALAN SETIA NUSANTARA U13/22B, SETIA ALAM, SEKSYEN
U13, 40170 SHAH ALAM, SELANGOR, MALAYSIA. |
650115-10-8113 A0007044 |
4,000,000.00 |
40.00 |
|
MR. CHEW HUI THONG + |
20, JALAN SERINDIT 19, TAMAN ENG ANN, 41150 KLANG, SELANGOR,
MALAYSIA. |
360920-10-5075 2268768 |
900,000.00 |
9.00 |
|
MS. SUSIE LU SU FANG + |
9, JALAN SETIA NUSANTARA U13/22A, SETIA ECO PARK, 40170 SHAH
ALAM, SELANGOR, MALAYSIA. |
620208-71-5054 K813792 |
100,000.00 |
1.00 |
|
MS. HENG CHING NGA @ HENG CHING NGA |
20, JALAN SERINDIT 19, TAMAN ENG ANN, 41150 KLANG, SELANGOR,
MALAYSIA. |
420825-10-5028 7724316 |
1,000,000.00 |
10.00 |
|
--------------- |
------ |
|||
|
10,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
JC SENCO INDUSTRIES SDN. BHD. |
MALAYSIA |
261952P |
10,000,000.00 |
N/A |
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
Local No |
Country |
Company |
Status |
(%) |
As At |
|
937236M |
MALAYSIA |
JAYA BMI TRAWL SYSTEMS SDN. BHD. |
- |
50.00 |
23/10/2017 |
DIRECTORS |
DIRECTOR 1
|
Name Of Subject |
: |
MS. SUSIE LU SU FANG |
|
Address |
: |
9, JALAN SETIA NUSANTARA U13/22A, SETIA ECO PARK, 40170 SHAH
ALAM, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
10,JALAN SERINDIT 20, TAMAN ENG ANN, KLANG,SELANGOR, 41150
KLANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
K813792 |
|
New IC No |
: |
620208-71-5054 |
|
Date of Birth |
: |
08/02/1962 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
27/11/2017 |
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 |
359212K |
JAYA NETS SDN. BHD. |
Director |
27/11/2017 |
100,000.00 |
1.00 |
MYR1,700,235.00 |
2006 |
- |
25/01/2018 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
001018491V |
BELLA MARKETING |
PARTNERSHIP |
18/06/2004 |
50.00 |
- |
25/01/2018 |
|
2 |
001036928A |
PS BEAUTY HOUSE |
PARTNERSHIP |
18/06/2004 |
50.00 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
466348M |
ESTEEM LOGISTICS SDN. BHD. |
Director |
13/10/1998 |
10/05/2003 |
- |
- |
DIRECTOR 2
|
Name Of Subject |
: |
MR. CHEW HUI THONG |
|
Address |
: |
20, JALAN SERINDIT 19, TAMAN ENG ANN, 41150 KLANG, SELANGOR,
MALAYSIA. |
|
IC / PP No |
: |
2268768 |
|
New IC No |
: |
360920-10-5075 |
|
Date of Birth |
: |
20/09/1936 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
14/02/2007 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
359212K |
JAYA NETS SDN. BHD. |
Director |
14/02/2007 |
900,000.00 |
9.00 |
MYR1,700,235.00 |
2006 |
- |
25/01/2018 |
|
2 |
764684D |
JAYA S&M SDN. BHD. |
Director |
07/03/2007 |
0.00 |
- |
MYR1,939,443.00 |
2016 |
- |
25/01/2018 |
|
3 |
20971V |
UNITY TRADING & TRANSPORT SDN.BHD. |
Shareholder |
- |
15,000.00 |
9.09 |
282.00 |
- |
- |
25/01/2018 |
|
4 |
427006W |
WAJAR MAHIR SDN. BHD. |
Director |
08/09/2005 |
1.00 |
50.00 |
MYR(5,444.00) |
2017 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
269253U |
ADVANCED PALLET (M) SDN. BHD. |
Director |
06/09/1993 |
25/01/1995 |
- |
- |
|
2 |
12902K |
CHYE KHIANG SENG (M) SDN. BERHAD |
Director |
27/07/1998 |
16/03/2001 |
- |
- |
|
3 |
38460H |
CKS DEVELOPMENT SDN. BHD. |
Director |
27/07/1998 |
16/03/2001 |
- |
- |
|
4 |
439319U |
CKS STEEL SDN. BHD. |
Director |
15/07/1997 |
16/03/2001 |
- |
- |
|
5 |
873820X |
HOMA EDIBLE OIL SDN. BHD. |
Director |
29/03/2013 |
18/08/2014 |
- |
- |
|
6 |
35903X |
JC SENCO PLANTATIONS SDN. BHD. |
Director |
- |
22/12/2002 |
- |
- |
|
7 |
12900X |
JC SENCO REALTY SDN. BHD. |
Director |
26/12/1972 |
22/12/2002 |
- |
- |
|
8 |
135249P |
JC SENCO RESOURCES SDN. BHD. |
Director |
27/07/1998 |
09/03/2007 |
- |
- |
|
9 |
23421D |
PACIFIC INDUSTRIES SDN. BHD. |
Director |
05/05/1983 |
04/11/2002 |
- |
- |
|
10 |
349755P |
SB MARINE PRODUCTS SDN. BHD. |
Director |
07/12/1995 |
20/05/1997 |
- |
- |
|
11 |
29555U |
SENG LONG MACHINERY SDN. BHD. |
Director |
19/05/1981 |
16/03/2001 |
- |
- |
|
12 |
70030D |
SUNHILL SDN. BHD. |
Director |
18/03/1996 |
16/03/2001 |
- |
- |
DIRECTOR 3
|
Name Of Subject |
: |
MR. CHEW GUAN TECK |
|
Address |
: |
9, JALAN SETIA NUSANTARA U13/22A,, SETIA ECO PARK, 40170 SHAH
ALAM, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
10,JALAN SERENDIT 20, TMN ENG ANN, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
6406682 |
|
New IC No |
: |
620114-10-7269 |
|
Date of Birth |
: |
14/01/1962 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
02/08/2001 |
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 |
41675D |
CHEW HUI THONG SDN. BHD. |
Director |
07/07/1986 |
120,000.00 |
40.00 |
MYR24,841.00 |
2014 |
- |
25/01/2018 |
|
2 |
937236M |
JAYA BMI TRAWL SYSTEMS SDN. BHD. |
Director |
22/03/2011 |
0.00 |
- |
MYR109,364.00 |
2016 |
- |
25/01/2018 |
|
3 |
359212K |
JAYA NETS SDN. BHD. |
Director |
02/08/2001 |
4,000,000.00 |
40.00 |
MYR1,700,235.00 |
2006 |
- |
25/01/2018 |
|
4 |
1135076U |
JAYA POLIGON SDN. BHD. |
Director |
12/03/2015 |
0.00 |
- |
MYR219,277.00 |
2016 |
- |
25/01/2018 |
|
5 |
764684D |
JAYA S&M SDN. BHD. |
Director |
07/03/2007 |
110,250.00 |
36.75 |
MYR1,939,443.00 |
2016 |
- |
25/01/2018 |
|
6 |
1068394W |
MALINDO SETIA JAYA SDN. BHD. |
Director |
30/10/2013 |
30,000.00 |
33.33 |
MYR(2,106.00) |
2016 |
- |
25/01/2018 |
|
7 |
931614P |
SRC ENTERPRISE SDN. BHD. |
Director |
25/04/2017 |
25.00 |
25.00 |
MYR(3,407.00) |
2017 |
- |
25/01/2018 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
001018491V |
BELLA MARKETING |
PARTNERSHIP |
18/06/2004 |
50.00 |
- |
25/01/2018 |
|
2 |
SA0264959K |
LIANG SENG HUAT TRADING |
PARTNERSHIP |
25/06/2013 |
33.00 |
- |
25/01/2018 |
|
3 |
001036928A |
PS BEAUTY HOUSE |
PARTNERSHIP |
18/06/2004 |
50.00 |
- |
25/01/2018 |
|
4 |
SA0352075A |
XHIANG HUAT ENTERPRISE |
PARTNERSHIP |
08/09/2015 |
33.00 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
12902K |
CHYE KHIANG SENG (M) SDN. BERHAD |
Director |
15/12/1997 |
27/07/1998 |
- |
- |
|
2 |
38460H |
CKS DEVELOPMENT SDN. BHD. |
Director |
15/12/1997 |
27/07/1998 |
- |
- |
|
3 |
261952P |
JC SENCO INDUSTRIES SDN. BHD. |
Director |
16/03/2001 |
09/03/2007 |
- |
- |
|
4 |
135249P |
JC SENCO RESOURCES SDN. BHD. |
Director |
15/12/1997 |
27/07/1998 |
- |
- |
|
5 |
95197U |
SEDAMAN SDN. BHD. |
Director |
10/05/1986 |
16/03/2001 |
- |
- |
|
6 |
476657W |
SUPERB ENGINEERING SDN. BHD. |
Director |
09/03/2001 |
09/03/2007 |
- |
- |
DIRECTOR 4
|
Name Of Subject |
: |
MR. CHEW GUAN CHIN |
|
Address |
: |
LOT 272, 12, JALAN SETIA NUSANTARA U13/22B, SETIA ALAM, SEKSYEN
U13, 40170 SHAH ALAM, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
NO.155,JALAN KAPAR, 41400 KLANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A0007044 |
|
New IC No |
: |
650115-10-8113 |
|
Date of Birth |
: |
15/01/1965 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
14/02/2007 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
41675D |
CHEW HUI THONG SDN. BHD. |
Director |
01/04/1999 |
120,000.00 |
40.00 |
MYR24,841.00 |
2014 |
- |
25/01/2018 |
|
2 |
937236M |
JAYA BMI TRAWL SYSTEMS SDN. BHD. |
Director |
22/03/2011 |
0.00 |
- |
MYR109,364.00 |
2016 |
- |
25/01/2018 |
|
3 |
359212K |
JAYA NETS SDN. BHD. |
Director |
14/02/2007 |
4,000,000.00 |
40.00 |
MYR1,700,235.00 |
2006 |
- |
25/01/2018 |
|
4 |
1135076U |
JAYA POLIGON SDN. BHD. |
Director |
12/03/2015 |
0.00 |
- |
MYR219,277.00 |
2016 |
- |
25/01/2018 |
|
5 |
764684D |
JAYA S&M SDN. BHD. |
Director |
07/03/2007 |
112,500.00 |
37.50 |
MYR1,939,443.00 |
2016 |
- |
25/01/2018 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
104988H |
ADVANCE GEARS DEVELOPMENT (M) SDN. BHD. |
Director |
08/04/1994 |
16/03/2001 |
- |
- |
|
2 |
73316D |
JC FUMAR SDN. BHD. |
Director |
28/05/1997 |
08/03/2007 |
- |
- |
|
3 |
001282434X |
NATURAL FIESTA |
SOLE PROPRIETORSHIP |
18/06/2004 |
15/05/2015 |
- |
- |
|
4 |
837208K |
POLYGON MACHINERY SDN. BHD. |
Director |
19/01/2015 |
10/08/2017 |
- |
- |
|
5 |
349755P |
SB MARINE PRODUCTS SDN. BHD. |
Director |
07/12/1995 |
20/05/1997 |
- |
- |
FORMER DIRECTOR(S) |
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
YUSUF |
NO.11233,JALAN SETIAWANGSA, KUALA LUMPUR, KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA |
371213-10-5213 |
02/11/1995 |
08/07/1996 |
|
WONG HA |
6D PARK ROSE CONDO, 15 JALAN KAPAS, BKT BANDARAYA, K.LUMPUR,
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
520831-06-5139 |
07/05/1997 |
06/11/1998 |
|
TENG MEE LENG |
14 JALAN 20/117A, TAMAN MULIA, CHERAS, KUALA LUMPUR, WILAYAH
PERSEKUTUAN |
640726-08-5126 |
12/09/1995 |
02/11/1995 |
|
TENG CHOON FATT |
47800 PETALING JAYA,SELANGOR. |
590116-08-5345 |
12/09/1995 |
02/11/1995 |
|
TAI BOON TATT |
28,JALAN USJ 2/5K, SUBANG JAYA, PETALING JAYA,SELANGOR, SUBANG
JAYA, SELANGOR, MALAYSIA |
560526-01-6521 |
02/11/1995 |
08/07/1996 |
|
LIM POH SIM |
B4-1A,ASTANA DAMANSARA CONDO, 33,JALAN 17/1, P.JAYA, PETALING
JAYA, SELANGOR, MALAYSIA |
540531-08-5806 |
06/07/1996 |
06/11/1998 |
|
FUAM CHIN KEONG |
43,JALAN AHLIMAN, TAMAN CONNAUGHT, CHERAS, KUALA LUMPUR, KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
551210-10-6083 |
04/08/1998 |
14/02/2007 |
|
EU TIT |
HOUSE NO 2342, SHANGRILA PARK II, JALAN CHONG THIEN VUN, P O BOX
62023, TAWAU, SABAH, MALAYSIA |
390514-10-5085 |
04/08/1998 |
31/03/2010 |
|
CHIEW GUAN POEY |
14,JALAN 19,KAWASAN 17, TMN ENG ANN, KLANG, KLANG, SELANGOR,
MALAYSIA |
760718-10-5197 |
02/08/2001 |
14/02/2007 |
|
CHEW WAN JOO |
551018106067 |
02/08/2001 |
14/02/2007 |
|
|
CHARLIE GOH |
425,LORONG SATU, JALAN UJONG PASIR, MELAKA, MELAKA, MELAKA,
MALAYSIA |
430930-04-5185 |
07/05/1997 |
26/03/1998 |
|
CHOW YIK MENG |
28-08-04, WINNER HEIGHTS, JALAN 2/125, DESA PETALING, KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
680612-10-6159 |
06/10/2015 |
27/10/2015 |
Note : The above information was generated from our database.
MANAGEMENT |
|
1) |
Name of Subject |
: |
PETER CHEW GUAN TECK |
|
Position |
: |
MANAGING DIRECTOR |
AUDITOR |
|
Auditor |
: |
HORWATH |
|
Auditor' Address |
: |
LEVEL 16, TOWER C MEGAN AVENUE II, 12, JALAN YAP KWAN SENG,
50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
COMPANY SECRETARIES |
|
1) |
Company Secretary |
: |
MS. ANNA LEE AI LENG |
|
New IC No |
: |
741114-14-5784 |
|
|
Address |
: |
N1-1-14, NURI COURT APARTMENT, JALAN PANDAN INDAH 6/12, PANDAN
INDAH, 55100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
2) |
Company Secretary |
: |
MS. NG SALLY |
|
New IC No |
: |
830928-10-6148 |
|
|
Address |
: |
1-3A-1, PANGSAPURI MEDAN MAS, JALAN KATI F U19/F, SEKSYEN U19,
KAMPUNG BARU SUNGAI BULOH, 40160 SHAH ALAM, SELANGOR, MALAYSIA. |
|
BANKING |
Banking relations are maintained principally with :
|
1) |
Name |
: |
ALLIANCE BANK MALAYSIA BHD |
|
2) |
Name |
: |
HONG LEONG BANK BHD |
|
3) |
Name |
: |
OCBC BANK (MALAYSIA) BHD |
|
4) |
Name |
: |
UNITED OVERSEAS BANK (MALAYSIA) BHD |
ENCUMBRANCE (S) |
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
19/04/1999 |
N/A |
OCBC BANK MALAYSIA BERHAD |
MYR 10,000,000.00 |
Satisfied |
|
2 |
19/04/1999 |
N/A |
OCBC BANK MALAYSIA BERHAD |
MYR 5,000,000.00 |
Satisfied |
|
3 |
30/12/1999 |
OPEN CHARGE |
OCBC BANK MALAYSIA BERHAD |
- |
Satisfied |
|
4 |
30/12/1999 |
N/A |
OCBC BANK MALAYSIA BERHAD |
MYR 2,000,000.00 |
Satisfied |
|
5 |
23/05/2001 |
N/A |
OCBC BANK MALAYSIA BERHAD |
MYR 880,000.00 |
Satisfied |
|
6 |
06/09/2002 |
N/A |
OCBC BANK MALAYSIA BERHAD |
MYR 4,400,000.00 |
Satisfied |
|
7 |
17/07/2003 |
N/A |
OCBC BANK MALAYSIA BERHAD |
MYR 4,000,000.00 |
Satisfied |
|
8 |
20/06/2007 |
N/A |
UNITED OVERSEAS BANK (MALAYSIA) BERHAD. |
MYR 4,160,000.00 |
Unsatisfied |
|
9 |
20/06/2007 |
N/A |
UNITED OVERSEAS BANK (MALAYSIA) BERHAD. |
MYR 1,040,000.00 |
Unsatisfied |
|
10 |
21/08/2007 |
OPEN CHARGE |
UNITED OVERSEAS BANK (MALAYSIA) BERHAD. |
- |
Unsatisfied |
|
11 |
19/09/2007 |
N/A |
OCBC BANK (MALAYSIA) BERHAD |
MYR 416,000.00 |
Unsatisfied |
|
12 |
24/09/2007 |
N/A |
OCBC BANK (MALAYSIA) BERHAD |
MYR 1,025,600.00 |
Unsatisfied |
|
13 |
19/03/2008 |
N/A |
OCBC BANK (MALAYSIA) BERHAD |
MYR 158,000.00 |
Unsatisfied |
|
14 |
31/03/2008 |
N/A |
OCBC BANK (MALAYSIA) BERHAD |
MYR 140,000.00 |
Unsatisfied |
|
15 |
18/06/2008 |
N/A |
OCBC BANK (MALAYSIA) BERHAD |
MYR 506,000.00 |
Unsatisfied |
|
16 |
05/10/2009 |
OPEN CHARGE |
ALLIANCE BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
17 |
25/05/2010 |
OPEN CHARGE |
ALLIANCE ISLAMIC BANK BERHAD |
- |
Unsatisfied |
|
18 |
18/08/2010 |
OPEN CHARGE |
OCBC BANK (MALAYSIA) BERHAD |
- |
Unsatisfied |
|
19 |
20/07/2011 |
N/A |
HONG LEONG BANK BERHAD |
- |
Unsatisfied |
|
20 |
20/07/2011 |
N/A |
HONG LEONG BANK BERHAD |
- |
Unsatisfied |
|
21 |
18/12/2012 |
N/A |
UNITED OVERSEAS BANK (MALAYSIA) BERHAD. |
- |
Unsatisfied |
|
22 |
12/12/2013 |
N/A |
ALLIANCE BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
23 |
13/10/2014 |
N/A |
ALLIANCE BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
25 |
31/03/2016 |
N/A |
BANK PERTANIAN MALAYSIA BERHAD |
- |
Unsatisfied |
|
24 |
01/04/2016 |
N/A |
CIMB BANK BERHAD |
MYR 495,569.00 |
Unsatisfied |
|
26 |
27/07/2016 |
N/A |
BANK PERTANIAN MALAYSIA BERHAD |
- |
Unsatisfied |
|
27 |
17/08/2016 |
N/A |
CIMB BANK BERHAD |
- |
Unsatisfied |
|
28 |
17/11/2016 |
N/A |
CIMB BANK BERHAD |
- |
Unsatisfied |
|
29 |
21/11/2016 |
N/A |
ALLIANCE ISLAMIC BANK BERHAD |
- |
Unsatisfied |
|
30 |
21/11/2016 |
N/A |
ALLIANCE BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
31 |
17/01/2017 |
N/A |
ALLIANCE BANK MALAYSIA BERHAD |
- |
Unsatisfied |
|
32 |
17/01/2017 |
N/A |
ALLIANCE ISLAMIC 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 |
Percentage |
: |
60% |
|
Overseas |
: |
YES |
Percentage |
: |
40% |
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
70% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
Percentage |
: |
30% |
|
Export Market |
: |
SPAIN |
|||
|
Credit Term |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS |
|
Products manufactured |
: |
|
||||
|
Product Brand Name |
: |
|
||||
|
Member(s) / Affiliate(s) |
: |
SMI ASSOCIATION OF MALAYSIA MALAYSIA EXTERNAL TRADE DEVELOPMENT CORPORATION (MATRADE) |
||||
|
Ownership of premises |
: |
|
||||
|
Factory / Premises |
: |
|
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
2013 |
|||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
|||||
|
COMPANY |
500 |
400 |
400 |
430 |
|||||
|
Branch |
: |
|
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing of
fishing products and related products.
The Subject is one of leading manufacturers of all kind of synthetic nets,
ropes and twines in Malaysia.
The Subject produces comprehensive range of netting; from various types of
fishing nets to nursery net in horticulture, from safety nets used in high rise
construction to cargo nets for the shipping and transport industries.
The Subject has 3 high quality rope as follows:
1) 3 - Strand Ropes
2) 4 - Strand Ropes 3.
3) 8 - Strand Braided Ropes
The ropes widely used in fishing industry, for towing in the timber and
shipping industries, for lifting in the handling industries, for securing huge
floating objects in the marine industry, as intermediate materials in
industrial including the cable industry generally for tying purpose.
Besides that the Subject also trades raw materials such as :
1) Polypropylene (P.P)
2) Polyethylene (P.E)
3) Nylon filament yarns
4) Twisted twins
The Subject is one of the largest manufacturer and supplier of all kinds of
quality Synthetic nets, ropes and twines.
The Subject's vision is to Acquire skills and knowledge by emphasising
efficiency and productivity and to establish continuous improvements and
innovations.
CURRENT INVESTIGATION |
Latest fresh investigations carried out on the Subject indicated
that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-32919588 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
LOT 720, JALAN KAPAR BATU 5-1/2, 42100 KLANG, SELANGOR D.E, |
|
Current Address |
: |
LOT 720, JALAN KAPAR, BATU 5 1/2, 42100 KLANG, SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
NO |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
The address is as per stated in the report.
FINANCIAL ANALYSIS |
|
The Subject is a private exempt company which does not need to
file in its accounts with the Registrar of Companies for the information of
the public. Therefore, we are not able to comment on the Subject's financial
performance. |
||||||
|
Overall financial condition of the Subject : N/A |
||||||
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 |
|
|
13940 : Manufacture of cordage, rope, twine and netting |
|
|
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. |
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|
OVERALL INDUSTRY OUTLOOK : Marginal Growth |
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CREDIT RISK EVALUATION & RECOMMENDATION |
|
|
FINANCIALs
|
PROFIT AND LOSS ACCOUNT |
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH
MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
JAYA NETS SDN. BHD. |
Note : The Subject is an Exempt Private Company and it is not
required by law to file its financials for public view. The below financials
are the last financial that submitted by the Subject to the Registrar before
changed to Exempt Private Company.
|
Financial Year End |
2006-12-31 |
2005-12-31 |
2004-12-31 |
2003-12-31 |
2002-12-31 |
|
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 |
SUMMARY |
FULL |
FULL |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
83,130,849 |
73,536,367 |
63,593,817 |
53,630,605 |
48,489,691 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
83,130,849 |
73,536,367 |
63,593,817 |
53,630,605 |
48,489,691 |
|
Costs of Goods Sold |
- |
(60,681,101) |
(50,506,119) |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
- |
12,855,266 |
13,087,698 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
3,193,047 |
1,712,477 |
5,504,718 |
3,634,116 |
5,257,095 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
3,193,047 |
1,712,477 |
5,504,718 |
3,634,116 |
5,257,095 |
|
Taxation |
(1,492,812) |
(321,476) |
(1,305,000) |
(774,893) |
(520,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
1,700,235 |
1,391,001 |
4,199,718 |
2,859,223 |
4,737,095 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
1,700,235 |
1,391,001 |
4,199,718 |
2,859,223 |
4,737,095 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
1,700,235 |
1,391,001 |
4,199,718 |
2,859,223 |
4,737,095 |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
26,280,028 |
24,889,027 |
20,689,309 |
17,830,086 |
13,092,991 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
26,280,028 |
24,889,027 |
20,689,309 |
17,830,086 |
13,092,991 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
27,980,263 |
26,280,028 |
24,889,027 |
20,689,309 |
17,830,086 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
27,980,263 |
26,280,028 |
24,889,027 |
20,689,309 |
17,830,086 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
0 |
0 |
0 |
||
|
Bank overdraft |
- |
285,948 |
319,738 |
- |
- |
|
Bankers' acceptance |
- |
785,845 |
750,480 |
- |
- |
|
Hire purchase |
- |
265,506 |
118,547 |
- |
- |
|
Letter of credit |
- |
20,348 |
- |
- |
- |
|
Term loan / Borrowing |
- |
149,940 |
252,213 |
- |
- |
|
Trust receipts |
- |
12,444 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
- |
1,520,031 |
1,440,978 |
- |
- |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
- |
3,375,079 |
3,217,163 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
- |
3,375,079 |
3,217,163 |
- |
- |
|
============= |
============= |
============= |
|
BALANCE SHEET |
|
JAYA NETS SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
26,728,383 |
29,312,230 |
30,735,342 |
26,518,277 |
26,650,198 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Investments |
- |
203,000 |
203,000 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
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|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
203,000 |
203,000 |
203,000 |
203,000 |
203,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
26,931,383 |
29,515,230 |
30,938,342 |
26,721,277 |
26,853,198 |
|
CURRENT ASSETS |
|||||
|
Stocks |
- |
22,119,463 |
18,986,846 |
- |
- |
|
Contract work-in-progress |
- |
2,536,163 |
1,766,487 |
- |
- |
|
Trade debtors |
- |
28,475,581 |
28,285,049 |
- |
- |
|
Other debtors, deposits & prepayments |
- |
2,002,792 |
973,070 |
- |
- |
|
Amount due from holding company |
- |
26,947 |
24,363 |
- |
- |
|
Cash & bank balances |
- |
2,204,937 |
560,766 |
- |
- |
|
Others |
- |
474,327 |
630,590 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
52,816,263 |
57,840,210 |
51,227,171 |
43,227,159 |
34,310,370 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
79,747,646 |
87,355,440 |
82,165,513 |
69,948,436 |
61,163,568 |
|
============= |
============= |
============= |
============= |
============= |
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|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
- |
4,620,667 |
2,237,505 |
- |
- |
|
Other creditors & accruals |
- |
1,313,712 |
2,480,119 |
- |
- |
|
Hire purchase & lease creditors |
- |
1,702,938 |
1,319,187 |
- |
- |
|
Bank overdraft |
- |
4,827,737 |
5,163,420 |
- |
- |
|
Short term borrowings/Term loans |
- |
1,052,893 |
1,321,241 |
- |
- |
|
Bill & acceptances payable |
- |
26,516,998 |
19,707,386 |
- |
- |
|
Amounts owing to holding company |
- |
2,990,444 |
3,448,877 |
- |
- |
|
Amounts owing to related companies |
- |
1,278,259 |
3,697,262 |
- |
- |
|
Other liabilities |
- |
270,600 |
270,600 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
37,118,139 |
44,574,248 |
39,645,597 |
33,557,466 |
25,422,482 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
15,698,124 |
13,265,962 |
11,581,574 |
9,669,693 |
8,887,888 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Deferred taxation |
- |
6,501,164 |
7,630,889 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
4,649,244 |
6,501,164 |
7,630,889 |
5,701,661 |
7,911,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
37,980,263 |
36,280,028 |
34,889,027 |
30,689,309 |
27,830,086 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
RESERVES |
|||||
|
Retained profit/(loss) carried forward |
27,980,263 |
26,280,028 |
24,889,027 |
20,689,309 |
17,830,086 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
27,980,263 |
26,280,028 |
24,889,027 |
20,689,309 |
17,830,086 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
37,980,263 |
36,280,028 |
34,889,027 |
30,689,309 |
27,830,086 |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCIAL RATIO |
|
JAYA NETS SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
- |
2,204,937 |
560,766 |
- |
- |
|
Net Liquid Funds |
- |
(29,139,798) |
(24,310,040) |
- |
- |
|
Net Liquid Assets |
15,698,124 |
(8,853,501) |
(7,405,272) |
9,669,693 |
8,887,888 |
|
Net Current Assets/(Liabilities) |
15,698,124 |
13,265,962 |
11,581,574 |
9,669,693 |
8,887,888 |
|
Net Tangible Assets |
37,980,263 |
36,280,028 |
34,889,027 |
30,689,309 |
27,830,086 |
|
Net Monetary Assets |
11,048,880 |
(15,354,665) |
(15,036,161) |
3,968,032 |
976,888 |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
- |
3,232,508 |
6,945,696 |
- |
- |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
- |
6,607,587 |
10,162,859 |
- |
- |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
- |
34,100,566 |
27,511,234 |
- |
- |
|
Total Liabilities |
41,767,383 |
51,075,412 |
47,276,486 |
39,259,127 |
33,333,482 |
|
Total Assets |
79,747,646 |
87,355,440 |
82,165,513 |
69,948,436 |
61,163,568 |
|
Net Assets |
42,629,507 |
42,781,192 |
42,519,916 |
36,390,970 |
35,741,086 |
|
Net Assets Backing |
37,980,263 |
36,280,028 |
34,889,027 |
30,689,309 |
27,830,086 |
|
Shareholders' Funds |
37,980,263 |
36,280,028 |
34,889,027 |
30,689,309 |
27,830,086 |
|
Total Share Capital |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
Total Reserves |
27,980,263 |
26,280,028 |
24,889,027 |
20,689,309 |
17,830,086 |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
13.05 |
15.63 |
18.58 |
10.60 |
- |
|
Proft/(Loss) Before Tax |
86.46 |
(68.89) |
51.47 |
(30.87) |
- |
|
Proft/(Loss) After Tax |
22.23 |
(66.88) |
46.88 |
(39.64) |
- |
|
Total Assets |
(8.71) |
6.32 |
17.47 |
14.36 |
- |
|
Total Liabilities |
(18.22) |
8.04 |
20.42 |
17.78 |
- |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
- |
0.05 |
0.01 |
- |
- |
|
Liquid Ratio |
- |
0.80 |
0.81 |
- |
- |
|
Current Ratio |
1.42 |
1.30 |
1.29 |
1.29 |
1.35 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
- |
122 |
119 |
- |
- |
|
Debtors Ratio |
- |
141 |
162 |
- |
- |
|
Creditors Ratio |
- |
28 |
16 |
- |
- |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
- |
0.94 |
0.79 |
- |
- |
|
Liabilities Ratio |
1.10 |
1.41 |
1.36 |
1.28 |
1.20 |
|
Times Interest Earned Ratio |
- |
2.13 |
4.82 |
- |
- |
|
Assets Backing Ratio |
3.80 |
3.63 |
3.49 |
3.07 |
2.78 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
3.84 |
2.33 |
8.66 |
6.78 |
10.84 |
|
Net Profit Margin |
2.05 |
1.89 |
6.60 |
5.33 |
9.77 |
|
Return On Net Assets |
8.41 |
8.91 |
19.91 |
11.84 |
18.89 |
|
Return On Capital Employed |
7.49 |
6.56 |
14.17 |
9.99 |
14.71 |
|
Return On Shareholders' Funds/Equity |
4.48 |
3.83 |
12.04 |
9.32 |
17.02 |
|
Dividend Pay Out Ratio (Times) |
- |
0 |
0 |
- |
- |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
- |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.81 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 79.94 |
|
MYR |
1 |
INR 16.59 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KET |
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.