|
|
|
MIRA
INFORM REPORT
|
Report No. : |
493760 |
|
Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
KHAISHEN TRADING
SDN. BHD. |
|
|
|
|
Registered Office : |
Lot 6.08, 6th. Floor, Plaza First Nationwide,
161, Jalan Tun H.S. Lee, 50000 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2016 |
|
|
|
|
Date of Incorporation : |
28.07.1993 |
|
|
|
|
Com. Reg. No.: |
271570-U |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the trading
of fruits and vegetables. |
|
|
|
|
No. of Employees : |
80 [2017]
|
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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. |
: |
271570-U |
||||
|
COMPANY NAME |
: |
KHAISHEN TRADING SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
28/07/1993 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
LOT 6.08, 6TH. FLOOR, PLAZA FIRST
NATIONWIDE, 161, JALAN TUN H.S. LEE, 50000 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
PT 31116, JALAN RAWANG, TAMAN SELAYANG
BARU, 68100 BATU CAVES, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-61206171 |
||||
|
FAX.NO. |
: |
03-61204728 |
||||
|
EMAIL |
: |
INFO@KHAISHEN.COM |
||||
|
WEB SITE |
: |
WWW.KHAISHEN.COM |
||||
|
CONTACT PERSON |
: |
TAN TEONG KENG ( CEO ) |
||||
|
INDUSTRY CODE |
: |
46319 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF FRUITS AND VEGETABLES |
||||
|
AUTHORISED CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 192,569,514 [2016] |
||||
|
NET WORTH |
: |
MYR 8,895,174 [2016] |
||||
|
STAFF STRENGTH |
: |
80 [2017] |
||||
|
||||||
|
LITIGATION |
: |
TRACED |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
REGULAR |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
HIGH |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
||||
HISTORY /
BACKGROUND
|
The Subject is a private limited company and
is allowed to have a minimum of one and a maximum of forty-nine shareholders.
As a private limited company, the Subject shall have a minimum one director. A
private limited company is a separate legal entity from its shareholders. As a
separate legal entity, the Subject is capable of owning assets, entering into
contracts, sue or be sued by other companies. The liabilities of the
shareholders are to the extent of the equity they have taken up and the creditors
cannot claim on shareholders' personal assets even if the Subject is insolvent.
The Subject is governed by the Companies Act, 1965 and the company must file
its annual returns, together with its financial statements with the Registrar
of Companies.
The Subject is principally engaged in the (as
a / as an) trading of fruits and vegetables.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former Address(es)
|
Address |
As At Date |
|
LOT 6.08, 6TH FLOOR, PLAZA FIRST
NATIONWIDE, 161, JALAN TUN H.S. LEE, 50000, WILAYAH PERSEKUTUAN, MALAYSIA |
11/05/2016 |
|
50-C (REAR PORTION), JALAN BUKIT BINTANG,
55200, WILAYAH PERSEKUTUAN, MALAYSIA |
14/03/2005 |
|
57-3, (3RD FLOOR), JALAN METRO PERDANA
BARAT 1, TAMAN USAHAWAN KEPONG, KEPONG UTARA, 52100, WILAYAH PERSEKUTUAN,
MALAYSIA |
14/09/2016 |
|
NO.5,JALAN 42B, SELAYANG BARU, 68100,
SELANGOR, MALAYSIA |
15/02/2013 |
|
BLOCK B-5-7 (LEVEL 7), MENARA UNCANG EMAS,
85, JALAN LOKE YEW, 55200, WILAYAH PERSEKUTUAN, MALAYSIA |
27/12/2009 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
25/06/2007 |
MYR 1,000,000.00 |
MYR 1,000,000.00 |
|
29/12/2006 |
MYR 1,000,000.00 |
MYR 625,000.00 |
|
22/12/1998 |
MYR 500,000.00 |
MYR 500,000.00 |
|
10/03/1996 |
MYR 500,000.00 |
MYR 115,000.00 |
|
23/07/1994 |
MYR 100,000.00 |
MYR 70,000.00 |
|
28/07/1993 |
MYR 100,000.00 |
MYR 2.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
ANG SIOK WAN + |
12, JALAN SASA 27, TAMAN GAYA, 81800 ULU
TIRAM, JOHOR, MALAYSIA. |
E5794821A |
500,000.00 |
50.00 |
|
MR. TAN TEONG KENG + |
86, JALAN KASIPILLAY, BATU 3, JALAN IPOH,
51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
630309-10-7217 7197851 |
313,070.00 |
31.31 |
|
MS. CHANG CHOOI HA + |
33A LORONG 4, TAMAN BAYU TINGGI, 41200
KLANG, SELANGOR, MALAYSIA. |
670516-10-5798 A0685505 |
186,930.00 |
18.69 |
|
--------------- |
------ |
|||
|
1,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MS. CHANG CHOOI HA |
|
Address |
: |
33A LORONG 4, TAMAN BAYU TINGGI, 41200
KLANG, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
86,JALAN KASIPILLAY, BATU 3,JALAN IPOH,
51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A0685505 |
|
New IC No |
: |
670516-10-5798 |
|
Date of Birth |
: |
16/05/1967 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
08/01/1999 |
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 (Number of Share) |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
1 |
589928W |
EUROFARM SDN. BHD. |
Director |
26/09/2002 |
0.00 |
MYR330,678.00 |
2015 |
- |
22/08/2017 |
|
2 |
1231507M |
GROW WELL MANAGEMENT SERVICES SDN. BHD. |
Director |
19/05/2017 |
30.00 |
- |
- |
- |
22/08/2017 |
|
3 |
892053A |
GROW WELL MARKETING SDN. BHD. |
Director |
28/02/2013 |
300,000.00 |
MYR(554,705.00) |
2016 |
- |
22/08/2017 |
|
4 |
1210466X |
GROW WELL PARTS CENTRE (SOUTH) SDN. BHD. |
Director |
28/11/2016 |
1.00 |
- |
- |
- |
22/08/2017 |
|
5 |
1054868U |
GROW WELL PARTS CENTRE SDN. BHD. |
Director |
23/04/2014 |
1.00 |
MYR31,813.00 |
2016 |
- |
22/08/2017 |
|
6 |
876475W |
GROW WELL TRADING SDN. BHD. |
Director |
26/10/2009 |
3,000.00 |
MYR98,572.00 |
2015 |
- |
22/08/2017 |
|
7 |
515699U |
H.S. HAZA SDN. BHD. |
Director |
18/10/2012 |
0.00 |
- |
- |
- |
22/08/2017 |
|
8 |
577759X |
HARVEST IMPACT SDN. BHD. |
Director |
29/04/2002 |
0.00 |
MYR1,197,778.00 |
2016 |
- |
22/08/2017 |
|
9 |
1028438M |
HS WORLDWIDE SDN. BHD. |
Director |
18/12/2012 |
1.00 |
MYR(2,210.00) |
2014 |
- |
22/08/2017 |
|
10 |
1057318V |
JAC & MURAD MARKETING SDN. BHD. |
Director |
05/08/2013 |
20.00 |
MYR(5,495.00) |
2016 |
- |
22/08/2017 |
|
11 |
1010666M |
JAC TRADING SDN. BHD. |
Director |
19/07/2012 |
20.00 |
MYR(7,407.00) |
2015 |
- |
22/08/2017 |
|
12 |
271570U |
KHAISHEN TRADING SDN. BHD. |
Director |
08/01/1999 |
186,930.00 |
MYR2,063,714.00 |
2016 |
- |
22/08/2017 |
|
13 |
876482D |
RANCH MARK AGRICULTURE SDN. BHD. |
Director |
26/10/2009 |
0.00 |
MYR(3,462.00) |
2016 |
- |
22/08/2017 |
|
14 |
1066175W |
SETIA PERMAI LOGISTICS SDN. BHD. |
Shareholder |
- |
150,000.00 |
MYR(179,524.00) |
2015 |
- |
22/08/2017 |
|
15 |
1114686M |
WHOLE FRUIT MARKET SDN. BHD. |
Director |
24/10/2014 |
60,000.00 |
MYR(223,603.00) |
2015 |
- |
22/08/2017 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
001099239 |
CACTUS CREATIVE DESIGN |
PARTNERSHIP |
18/06/2004 |
33.00 |
Terminated |
22/08/2017 |
|
2 |
002136843 |
KONDISI BARAT HARDWARE SHOP |
PARTNERSHIP |
21/06/2012 |
50.00 |
Expired |
22/08/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
876482D |
RANCH MARK AGRICULTURE SDN. BHD. |
Shareholder |
- |
- |
1.00 |
- |
|
2 |
1066175W |
SETIA PERMAI LOGISTICS SDN. BHD. |
Director |
14/10/2013 |
22/04/2015 |
- |
- |
|
3 |
494767X |
TAT BAKERY SDN. BHD. |
Shareholder |
- |
- |
- |
- |
DIRECTOR 2
|
Name Of Subject |
: |
MR. TAN TEONG KENG |
|
Address |
: |
86, JALAN KASIPILLAY, BATU 3, JALAN IPOH,
51200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
7197851 |
|
New IC No |
: |
630309-10-7217 |
|
Date of Birth |
: |
09/03/1963 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
28/07/1993 |
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 (Number of Share) |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
1 |
1214020W |
ALADDIN TECHNOLOGY (ASIA) SDN. BHD. |
Director |
30/12/2016 |
1.00 |
- |
- |
- |
22/08/2017 |
|
2 |
967973W |
CH BAKTI SDN. BHD. |
Director |
11/11/2011 |
1.00 |
- |
- |
Disolved by Registrar |
22/08/2017 |
|
3 |
589928W |
EUROFARM SDN. BHD. |
Director |
26/09/2002 |
50,000.00 |
MYR330,678.00 |
2015 |
- |
22/08/2017 |
|
4 |
1231507M |
GROW WELL MANAGEMENT SERVICES SDN. BHD. |
Director |
19/05/2017 |
70.00 |
- |
- |
- |
22/08/2017 |
|
5 |
869857P |
GROW WELL MANUFACTURING SDN. BHD. |
Director |
10/01/2011 |
85,000.00 |
MYR12,465.00 |
2016 |
- |
22/08/2017 |
|
6 |
892053A |
GROW WELL MARKETING SDN. BHD. |
Director |
10/01/2011 |
700,000.00 |
MYR(554,705.00) |
2016 |
- |
22/08/2017 |
|
7 |
1210466X |
GROW WELL PARTS CENTRE (SOUTH) SDN. BHD. |
Director |
28/11/2016 |
1.00 |
- |
- |
- |
22/08/2017 |
|
8 |
1054868U |
GROW WELL PARTS CENTRE SDN. BHD. |
Director |
18/07/2013 |
99,999.00 |
MYR31,813.00 |
2016 |
- |
22/08/2017 |
|
9 |
876475W |
GROW WELL TRADING SDN. BHD. |
Director |
26/10/2009 |
7,000.00 |
MYR98,572.00 |
2015 |
- |
22/08/2017 |
|
10 |
577759X |
HARVEST IMPACT SDN. BHD. |
Director |
29/04/2002 |
1,200,000.00 |
MYR1,197,778.00 |
2016 |
- |
22/08/2017 |
|
11 |
1057318V |
JAC & MURAD MARKETING SDN. BHD. |
Director |
05/08/2013 |
50.00 |
MYR(5,495.00) |
2016 |
- |
22/08/2017 |
|
12 |
1010666M |
JAC TRADING SDN. BHD. |
Director |
19/07/2012 |
50.00 |
MYR(7,407.00) |
2015 |
- |
22/08/2017 |
|
13 |
286047X |
KHAISHEN FRESH PRODUCE SDN. BHD. |
Director |
06/01/1994 |
1.00 |
MYR14,751.00 |
1995 |
Disolved by Registrar |
22/08/2017 |
|
14 |
271570U |
KHAISHEN TRADING SDN. BHD. |
Director |
28/07/1993 |
313,070.00 |
MYR2,063,714.00 |
2016 |
- |
22/08/2017 |
|
15 |
933273W |
KONDISI TIMUR SDN. BHD. |
Director |
18/08/2011 |
750,000.00 |
MYR(157,279.00) |
2013 |
- |
22/08/2017 |
|
16 |
876482D |
RANCH MARK AGRICULTURE SDN. BHD. |
Director |
26/10/2009 |
1.00 |
MYR(3,462.00) |
2016 |
- |
22/08/2017 |
|
17 |
1013812M |
RICH RESOURCE MINING SDN. BHD. |
Director |
14/08/2012 |
1.00 |
- |
- |
Disolved by Registrar |
22/08/2017 |
|
18 |
1066175W |
SETIA PERMAI LOGISTICS SDN. BHD. |
Director |
14/10/2013 |
350,000.00 |
MYR(179,524.00) |
2015 |
- |
22/08/2017 |
|
19 |
1171881W |
STAR GROCER SDN. BHD. |
Director |
01/09/2016 |
0.00 |
- |
- |
- |
22/08/2017 |
|
20 |
494767X |
TAT BAKERY SDN. BHD. |
Shareholder |
- |
220,002.00 |
MYR(158,277.00) |
2014 |
- |
22/08/2017 |
|
21 |
629941T |
TAT'Z CAFE & BAKERY SDN. BHD. |
Director |
01/10/2003 |
1.00 |
- |
- |
Disolved by Registrar |
22/08/2017 |
|
22 |
1114686M |
WHOLE FRUIT MARKET SDN. BHD. |
Director |
24/10/2014 |
360,000.00 |
MYR(223,603.00) |
2015 |
- |
22/08/2017 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
KT0200735 |
BANII ENTERPRISE |
SOLE PROPRIETORSHIP |
19/05/2005 |
100.00 |
- |
22/08/2017 |
|
2 |
000934484 |
KAIZEN TRADING |
PARTNERSHIP |
18/06/2004 |
50.00 |
Terminated |
22/08/2017 |
|
3 |
002136843 |
KONDISI BARAT HARDWARE SHOP |
PARTNERSHIP |
21/06/2012 |
50.00 |
Expired |
22/08/2017 |
|
4 |
002167038 |
KTF FARMING |
PARTNERSHIP |
15/10/2012 |
33.00 |
- |
22/08/2017 |
|
5 |
KT0218305 |
MFZ MAZA ENTERPRISE |
SOLE PROPRIETORSHIP |
23/11/2006 |
100.00 |
- |
22/08/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
273631D |
PASARAYA PARK SDN. BHD. |
Director |
19/08/1993 |
30/04/1996 |
- |
- |
|
2 |
494767X |
TAT BAKERY SDN. BHD. |
Director |
09/07/2003 |
11/07/2007 |
- |
- |
DIRECTOR 3
|
Name Of Subject |
: |
ANG SIOK WAN |
|
Address |
: |
12, JALAN SASA 27, TAMAN GAYA, 81800 ULU
TIRAM, JOHOR, MALAYSIA. |
|
IC / PP No |
: |
E5794821A |
|
Date of Birth |
: |
17/03/1952 |
|
Date of Appointment |
: |
20/09/1993 |
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 (Number of Share) |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
1 |
372409X |
BENELUX FLOWERS & FOOD SDN BHD |
Director |
04/01/1996 |
850,000.00 |
MYR227,394.00 |
2015 |
- |
22/08/2017 |
|
2 |
286047X |
KHAISHEN FRESH PRODUCE SDN. BHD. |
Director |
18/02/1994 |
0.00 |
MYR14,751.00 |
1995 |
Disolved by Registrar |
22/08/2017 |
|
3 |
271570U |
KHAISHEN TRADING SDN. BHD. |
Director |
20/09/1993 |
500,000.00 |
MYR2,063,714.00 |
2016 |
- |
22/08/2017 |
FORMER
DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
WONG KOK FOO |
84 JALAN KASIPILLAY, BATU 3 JALAN IPOH,
KUALA LUMPUR, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
0419671 |
19/04/1995 |
08/01/1999 |
|
TAN HA NOI & TAN LEE MEE |
119,JALAN MATAN 3, TAMAN CITY, OFF JALAN
KUCHING, K.LUMPUR, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
520820-06-5096 |
28/07/1993 |
19/04/1995 |
|
ANG CHWEE SENG |
30,JALAN 3/17, BANDAR BARU SELAYANG, BATU
CAVES, SEL, BATU CAVES, WILAYAH PERSEKUTUAN, MALAYSIA |
1009668E |
16/11/1993 |
19/04/1995 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
TAN TEONG KENG |
|
Position |
: |
CEO |
|
AUDITOR
|
|
Auditor |
: |
YF.NG |
|
Auditor' Address |
: |
55-3(3RD FLOOR), JALAN METRO PERDANA BARAT
1, TAMAN USAHAWAN KEPONG, KEPONG UTARA, 52100 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. JANE ONG SU PING |
|
New IC No |
: |
810330-14-5128 |
|
|
Address |
: |
13, LORONG BAHAGIA 12, TAMAN SRI BAHAGIA,
CHERAS, 56000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
|
2) |
Company Secretary |
: |
MR. NG HENG HOOI |
|
New IC No |
: |
730721-04-5001 |
|
|
Address |
: |
462A, JALAN 5/46, TAMAN PETALING, 46000
PETALING JAYA, SELANGOR, MALAYSIA. |
|
|
3) |
Company Secretary |
: |
MS. WONG MEE KIAT |
|
New IC No |
: |
800429-14-5284 |
|
|
Address |
: |
9, JALAN SJ16A, TAMAN SELAYANG BAHAGIA,
68100 BATU CAVES, SELANGOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
HONG LEONG BANK BHD |
|
2) |
Name |
: |
AMBANK (M) BHD |
|
3) |
Name |
: |
RHB BANK BERHAD |
|
4) |
Name |
: |
EON BANK BERHAD |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
28/11/2000 |
LEGAL CHARGE |
RHB BANK BERHAD |
MYR 2,000,000.00 |
Satisfied |
|
2 |
23/08/2006 |
LETTER OF SET |
EON BANK BERHAD |
MYR 1,500,000.00 |
Unsatisfied |
LITIGATION
CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank againt 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 litigation case(s) on the Subject in our database as below:
- 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 |
Percentage |
: |
40% |
|
Overseas |
: |
YES |
Percentage |
: |
60% |
|
Import Countries |
: |
UNITED STATES,CHINA,AUSTRALIA,NEW
ZEALAND,INDIA,SOUTH AFRICA,CHILE |
|||
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL PAYMENT HABIT |
||||||||||||||
|
Prompt 0-30 Days |
[ |
] |
Good 31-60 Days |
[ |
] |
Average 61-90 Days |
[ |
X |
] |
|||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
Percentage |
: |
100% |
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
NO |
|||
|
Credit Term |
: |
30 - 60 DAYS |
|||
|
Payment Mode |
: |
CHEQUES |
|||
|
Type of Customer |
: |
HYPERMARKETS,SUPERMARKETS |
|||
OPERATIONS
|
|
Goods Traded |
: |
FRUITS AND VEGETABLES |
||
|
Competitor(s) |
: |
EURO-ATLANTIC SDN. BHD. |
||
|
Ownership of premises |
: |
LEASED/RENTED |
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2017 |
2016 |
2015 |
2014 |
2013 |
||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
80 |
65 |
70 |
70 |
70 |
||||
|
Branch |
: |
YES |
|
|
No of Branches |
: |
1 |
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of fruits and vegetables.
The Subject sells a wide range of imported fruits including apple, watermelon,
mango, chiku, pear, plum, honey-dew melon, grape, orange, strawberry, papaya,
pineapple, banana and others.
Besides that, the Subject also sells vegetables such as celery, salad, carrot,
pumpkin, green bean, cauliflower, spinach, long bean, cabbage, capsicon,
paprika, winter melon, tomato, baby corn, green pean, brinjal, sweet potato,
chinese cabbage, parsley, bok choy, broccoli and others.
We were informed that the Subject normally imports the fruits and vegetables in
2-3 containers every weeks.
The Subject has a cold room facilities to keep the fruits and vegetables in
fresh.
The Subject is one of the leading suppliers of fresh fruits and vegetables.
The Subject has a shop in Selayang wholesale market.
The Subject use 100% refrigerated truck for delivery to ensure freshness of
products.
All fruits and vegetables imported are inspected to ensure only the best
quality fruits.
RECENT
DEVELOPMENT
|
01 Aug2016
HAZARD ANALYSIA AND CRITICAL CONTROL POINTS (HACCP) CERTIFICATION
Khaishen Trading Sdn Bhd received Hazard Analysis and Critical Control Points
(HACCP) Certification which emphasize on food safety in which every step in
sourcing, packing, storage and distribution of fresh produce is sufficiently
analyzed, identified and appropriate control measures are taken before problem
arise.
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
603-61206171 EXT 834 |
|
Current Telephone Number |
: |
03-61206171 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
68100 BATU CAVES, SELANGOR DARUL EHSAN |
|
Current Address |
: |
PT 31116, JALAN RAWANG, TAMAN SELAYANG
BARU, 68100 BATU CAVES, SELANGOR, 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 is incomplete.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Acceptable |
[ |
23.20% |
] |
|
|
Return on Net Assets |
: |
Acceptable |
[ |
25.67% |
] |
|
|
The fluctuating turnover reflects the
fierce competition among the existing and new market players.The management
had succeeded in turning the Subject into a profit making company. The profit
could be due to better control of its operating costs and efficiency in
utilising its resources. The Subject's management had generated acceptable
return for its shareholders using its assets. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
11 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
44 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
51 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 |
[ |
1.00 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.17 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 |
: |
Acceptable |
[ |
6.66 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.73 Times |
] |
|
|
The Subject's interest cover was slightly
low. If there is no sharp fall in its profit or sudden increase in the
interest rates, we believe the Subject is able to generate sufficient income
to service its interest and repay the loans. The Subject was lowly geared
thus it had a low financial risk. The Subject was mainly financed by its
shareholders' funds and internally generated funds. In times of economic
slowdown / downturn, the Subject being a lowly geared company, will be able
to compete better than those companies which are highly geared in the same
industry. |
||||||
|
Overall Assessment : |
||||||
|
The Subject's turnover showed a volatile
trend but its losses were lower when compared to the previous corresponding
period. This could suggest that the Subject was more efficient in its
operating cost control and was more competitive. 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. The Subject had an acceptable interest
cover. If there is no sudden sharp increase in interest rate or fall in the
Subject's profit, we do believe the Subject is able to generate sufficient
cash flow to service its interest payment. The Subject as a lowly geared
company, will be more secured compared to those highly geared companies. It
has the ability to meet all its long term obligations. |
||||||
|
Overall financial condition of the Subject
: FAIR |
||||||
MALAYSIA
ECONOMIC / INDUSTRY OUTLOOK
|
|
Major Economic Indicators: |
2013 |
2014 |
2015 |
2016* |
2017** |
|
Population ( Million) |
29.8 |
30.0 |
31.0 |
31.7 |
32.1 |
|
Gross Domestic Products ( % ) |
5.3 |
6.0 |
4.6 |
4.9 |
4.2 |
|
Domestic Demand ( % ) |
5.6 |
6.4 |
6.2 |
6.3 |
- |
|
Private Expenditure ( % ) |
8.6 |
7.9 |
6.9 |
7.4 |
- |
|
Consumption ( % ) |
5.7 |
6.5 |
6.1 |
5.1 |
- |
|
Investment ( % ) |
13.3 |
12.0 |
8.1 |
10.0 |
12.0 |
|
Public Expenditure ( % ) |
4.4 |
2.3 |
4.2 |
3.3 |
- |
|
Consumption ( % ) |
(1.2) |
2.1 |
4.3 |
2.0 |
- |
|
Investment ( % ) |
4.2 |
2.6 |
(1.0) |
1.1 |
- |
|
Balance of Trade ( MYR Million ) |
71,298 |
82,480 |
91,577 |
52,206 |
- |
|
Government Finance ( MYR Million ) |
(38,584) |
(37,414) |
(37,194) |
(38,727) |
(40,344) |
|
Government Finance to GDP / Fiscal Deficit
( % ) |
(3.8) |
(3.4) |
(3.2) |
(3.1) |
(3.0) |
|
Inflation ( % Change in Composite CPI) |
2.5 |
3.2 |
4.0 |
- |
- |
|
Unemployment Rate |
3.0 |
2.9 |
3.1 |
3.7 |
3.8 |
|
Net International Reserves ( MYR Billion ) |
422 |
417 |
390 |
391 |
- |
|
Average Risk-Weighted Capital Adequacy
Ratio ( % ) |
3.10 |
4.00 |
3.50 |
- |
- |
|
Average 3 Months of Non-performing Loans (
% ) |
2.00 |
2.10 |
2.00 |
1.90 |
- |
|
Average Base Lending Rate ( % ) |
6.53 |
6.85 |
6.79 |
6.81 |
- |
|
Business Loans Disbursed( % ) |
(1.0) |
18.6 |
2.2 |
- |
- |
|
Foreign Investment ( MYR Million ) |
38,238.0 |
43,486.6 |
43,435.0 |
- |
- |
|
Consumer Loans ( % ) |
- |
- |
- |
- |
- |
|
Registration of New Companies ( No. ) |
46,321 |
49,203 |
45,658 |
43,255 |
- |
|
Registration of New Companies ( % ) |
1.9 |
6.1 |
(7.2) |
(5.3) |
- |
|
Liquidation of Companies ( No. ) |
13,788 |
11,099 |
7,066 |
- |
- |
|
Liquidation of Companies ( % ) |
(15.4) |
(19.5) |
(36.3) |
- |
- |
|
Registration of New Business ( No. ) |
329,895 |
332,723 |
364,230 |
376,720 |
- |
|
Registration of New Business ( % ) |
2.0 |
1.0 |
9.0 |
3.0 |
- |
|
Business Dissolved ( No. ) |
18,161 |
21,436 |
- |
- |
- |
|
Business Dissolved ( % ) |
(10.9) |
18.0 |
- |
- |
- |
|
Sales of New Passenger Cars (' 000 Unit ) |
576.7 |
598.4 |
591.3 |
464.4 |
527.8 |
|
Cellular Phone Subscribers ( Million ) |
43.0 |
44.0 |
44.2 |
44.0 |
- |
|
Tourist Arrival ( Million Persons ) |
25.72 |
27.40 |
25.70 |
30.20 |
30.10 |
|
Hotel Occupancy Rate ( % ) |
62.6 |
63.6 |
58.8 |
61.2 |
- |
|
Credit Cards Spending ( % ) |
6.0 |
5.8 |
6.8 |
6.3 |
- |
|
Bad Cheque Offenders (No.) |
28,876 |
- |
- |
- |
- |
|
Individual Bankruptcy ( No.) |
21,984 |
22,351 |
18,457 |
- |
- |
|
Individual Bankruptcy ( % ) |
12.3 |
1.7 |
(17.4) |
- |
- |
|
INDUSTRIES ( % of Growth ): |
2013 |
2014 |
2015 |
2016* |
2017** |
|
Agriculture |
2.0 |
2.1 |
1.2 |
(3.3) |
1.5 |
|
Palm Oil |
2.6 |
6.7 |
7.0 |
8.2 |
- |
|
Rubber |
(10.1) |
(10.4) |
(11.0) |
(12.3) |
- |
|
Forestry & Logging |
(7.8) |
(4.2) |
(7.2) |
(4.8) |
- |
|
Fishing |
1.6 |
2.7 |
2.1 |
2.9 |
- |
|
Other Agriculture |
8.2 |
6.2 |
6.0 |
6.8 |
- |
|
Industry Non-Performing Loans ( MYR Million
) |
314.9 |
303.8 |
343.7 |
420.3 |
- |
|
% of Industry Non-Performing Loans |
1.4 |
1.4 |
1.5 |
1.8 |
- |
|
Mining |
1.2 |
3.5 |
4.7 |
1.1 |
1.4 |
|
Oil & Gas |
2.0 |
3.0 |
3.5 |
4.5 |
- |
|
Other Mining |
47.6 |
46.6 |
47.1 |
42.6 |
- |
|
Industry Non-performing Loans ( MYR Million
) |
152.7 |
63.5 |
180.1 |
190.0 |
- |
|
% of Industry Non-performing Loans |
0.7 |
0.3 |
0.8 |
0.8 |
- |
|
Manufacturing # |
3.4 |
6.2 |
4.9 |
4.0 |
4.1 |
|
Exported-oriented Industries |
3.3 |
5.6 |
4.8 |
4.7 |
- |
|
Electrical & Electronics |
6.9 |
11.8 |
9.2 |
7.0 |
- |
|
Rubber Products |
11.7 |
(1.3) |
5.1 |
3.9 |
- |
|
Wood Products |
(2.7) |
7.8 |
7.0 |
7.0 |
- |
|
Textiles & Apparel |
(2.6) |
10.8 |
7.5 |
6.7 |
- |
|
Domestic-oriented Industries |
5.9 |
7.7 |
4.7 |
3.0 |
- |
|
Food, Beverages & Tobacco |
3.6 |
6.1 |
8.9 |
7.5 |
- |
|
Chemical & Chemical Products |
5.6 |
1.4 |
3.5 |
5.1 |
- |
|
Plastic Products |
3.4 |
2.7 |
3.9 |
5.1 |
- |
|
Iron & Steel |
5.0 |
2.8 |
1.6 |
2.2 |
- |
|
Fabricated Metal Products |
9.9 |
2.8 |
4.6 |
5.1 |
- |
|
Non-metallic Mineral |
(2.0) |
6.9 |
6.8 |
5.5 |
- |
|
Transport Equipment |
13.8 |
14.4 |
5.2 |
(3.1) |
- |
|
Paper & Paper Products |
1.8 |
4.7 |
3.2 |
3.9 |
- |
|
Crude Oil Refineries |
11.8 |
13.0 |
14.3 |
13.7 |
- |
|
Industry Non-Performing Loans ( MYR Million
) |
6,165.3 |
5,730.8 |
4,243.7 |
4,214.1 |
- |
|
% of Industry Non-Performing Loans |
27.2 |
25.6 |
19.0 |
18.5 |
- |
|
Construction |
10.6 |
11.7 |
8.2 |
8.7 |
8.3 |
|
Industry Non-Performing Loans ( MYR Million
) |
1,658.2 |
1,666.4 |
1,638.0 |
1,793.9 |
- |
|
% of Industry Non-Performing Loans |
7.3 |
7.5 |
7.3 |
7.9 |
- |
|
Services |
5.9 |
6.6 |
5.1 |
5.6 |
5.7 |
|
Electric, Gas & Water |
4.4 |
3.8 |
3.5 |
5.9 |
5.0 |
|
Transport, Storage & Communication |
7.30 |
7.50 |
7.55 |
7.55 |
7.70 |
|
Wholesale, Retail, Hotel & Restaurant |
6.3 |
8.9 |
6.9 |
6.2 |
6.7 |
|
Finance, Insurance & Real Estate |
3.7 |
4.7 |
4.3 |
6.6 |
- |
|
Government Services |
7.4 |
6.2 |
4.0 |
6.5 |
4.5 |
|
Other Services |
5.6 |
4.8 |
4.7 |
4.6 |
5.3 |
|
Industry Non-Performing Loans ( MYR Million
) |
5,084.6 |
5,373.5 |
6,806.6 |
7,190.6 |
- |
|
% of Industry Non-Performing Loans |
22.5 |
24.1 |
30.5 |
31.5 |
- |
|
* Estimate / Preliminary |
|||||
|
** Forecast |
|||||
|
# Based On Manufacturing Production
Index |
|||||
INDUSTRY
ANALYSIS
|
|
MSIC CODE |
|
|
46319 : Wholesale of meat, fish, fruits and
vegetables n.e.c. |
|
|
INDUSTRY : |
AGRICULTURE |
|
The agricultural sector has contributed to
the growth and be a major contributor to national income and export earnings.
It initially derived from the increase in the production of livestock,
fisheries, and other miscellaneous crops. |
|
|
Growth in the agriculture sector is
expected to be sustained at 1.3% in 2016 (2015: 1.3%) supported by an
improvement in the plantation sub-sector and stronger growth in the food
commodity sub-sector. The agriculture sector declined by 4.7% in the first
quarter of 2015 due to the floods but was offset by the rebound of 4.6% in
the second quarter 2015. The net impact was zero growth in the first six
months of 2015. However, the output of food commodities expanded strongly
during the first half of 2015, following the Government’s efforts to
strengthen food supply. |
|
|
The food commodities, comprising livestock,
fishing and other agriculture sub-sector, expanded by 3.2% during the first
half of 2015. The livestock sub-sector increased by 3.7% driven by higher
production of poultry and eggs. The fishing sub-sector increased by 2.2% with
the marine fishing segment growing by 2.3% and aquaculture 2%.Meanwhile, the
other agriculture sub-sector recorded a moderate growth of 3.5% supported by
increased of fruits and vegetables. |
|
|
The food commodity sub-sector is expected
to continue contributing in increasing rural household income and employment
amid good agricultural practices and promotion of self-sufficiency to
increase food production as well as various initiatives to enhance knowledge
and skills of farmers. For 2015, the agriculture sector is expected to grow
by 1.3%, accounting for 8.9% of GDP. |
|
|
According to budget 2016, the Government
will allocate RM5.3 billion to Ministry of Agriculture and Agro-Based
Industry Ministry for economic activities in the agricultural sector. Finance
Minister of Malaysia will allocated RM450 million for various high-impact
programmes such as fruit and vegetable cultivation, matching and research
grants for herbal products and fish cage farming. Besides that, total of
RM180 million also allocated for the upgrading of drainage and irrigation
infrastructure in the Integrated Agricultural Development areas throughout
the country. |
|
|
The Federal Agricultural Marketing
Authority (FAMA), which is responsible for the marketing of agricultural
products, would receive an allocation of RM190 million to implement a price
reduction programme, in order to increase farmers' markets by 50 more and
establish 150 new 1Malaysia People's Agrobazaars (ABR1M). |
|
|
Conclusively, the agriculture sector is a
strong contributor to Malaysia's GDP and total employment. |
|
|
OVERALL INDUSTRY OUTLOOK : Marginal Growth |
|
CREDIT RISK
EVALUATION & RECOMMENDATION
|
|
|
PROFIT AND LOSS
ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
KHAISHEN TRADING SDN. BHD. |
|
Financial Year End |
2016-06-30 |
2015-06-30 |
2014-06-30 |
2013-06-30 |
2012-06-30 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated Account |
Company |
Company |
Company |
Company |
Company |
|
Audited Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
192,569,514 |
177,565,589 |
181,676,702 |
165,016,327 |
147,849,169 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
192,569,514 |
177,565,589 |
181,676,702 |
165,016,327 |
147,849,169 |
|
Costs of Goods Sold |
(179,228,766) |
(168,607,241) |
(173,632,074) |
(157,319,033) |
(139,859,504) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
13,340,748 |
8,958,348 |
8,044,628 |
7,697,294 |
7,989,665 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
2,087,486 |
(2,880,608) |
1,303,365 |
1,545,531 |
1,346,846 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
2,087,486 |
(2,880,608) |
1,303,365 |
1,545,531 |
1,346,846 |
|
Taxation |
(23,772) |
124,646 |
(419,062) |
(352,208) |
(245,783) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
2,063,714 |
(2,755,962) |
884,303 |
1,193,323 |
1,101,063 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
5,831,460 |
8,587,422 |
7,703,119 |
6,709,796 |
5,608,733 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
5,831,460 |
8,587,422 |
7,703,119 |
6,709,796 |
5,608,733 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
7,895,174 |
5,831,460 |
8,587,422 |
7,903,119 |
6,709,796 |
|
DIVIDENDS - Ordinary (paid & proposed) |
- |
- |
- |
(200,000) |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
7,895,174 |
5,831,460 |
8,587,422 |
7,703,119 |
6,709,796 |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Bankers' acceptance |
255,628 |
239,474 |
253,287 |
98,713 |
73,463 |
|
Lease interest |
113,101 |
88,661 |
57,152 |
56,956 |
45,643 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
368,729 |
328,135 |
310,439 |
155,669 |
119,106 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
1,313,071 |
1,148,357 |
982,852 |
965,469 |
1,026,639 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,313,071 |
1,148,357 |
982,852 |
965,469 |
1,026,639 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
KHAISHEN TRADING SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
3,758,067 |
3,807,777 |
2,883,138 |
2,386,695 |
2,456,935 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
3,758,067 |
3,807,777 |
2,883,138 |
2,386,695 |
2,456,935 |
|
Stocks |
5,694,848 |
4,767,620 |
5,097,638 |
5,190,899 |
3,548,554 |
|
Trade debtors |
23,022,066 |
25,915,479 |
28,596,544 |
21,083,004 |
19,331,281 |
|
Other debtors, deposits & prepayments |
1,979,656 |
1,009,828 |
733,512 |
732,520 |
752,146 |
|
Amount due from director |
- |
- |
165,631 |
- |
- |
|
Cash & bank balances |
8,558,698 |
5,492,397 |
2,583,547 |
2,790,659 |
2,818,585 |
|
Others |
687,882 |
252,242 |
272,843 |
108,689 |
8,189 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
39,943,150 |
37,437,566 |
37,449,715 |
29,905,771 |
26,458,755 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
43,701,217 |
41,245,343 |
40,332,853 |
32,292,466 |
28,915,690 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
24,955,268 |
26,425,121 |
21,809,466 |
19,488,940 |
17,599,702 |
|
Other creditors & accruals |
2,431,422 |
1,400,581 |
1,751,253 |
964,953 |
601,196 |
|
Hire purchase & lease creditors |
- |
- |
567,686 |
484,227 |
451,597 |
|
Bill & acceptances payable |
5,853,000 |
4,446,723 |
5,825,000 |
1,958,000 |
1,955,000 |
|
Amounts owing to director |
- |
58,000 |
- |
148,674 |
154,408 |
|
Lease payables |
893,383 |
1,028,253 |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
34,133,073 |
33,358,678 |
29,953,405 |
23,044,794 |
20,761,903 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
5,810,077 |
4,078,888 |
7,496,310 |
6,860,977 |
5,696,852 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
9,568,144 |
7,886,665 |
10,379,448 |
9,247,672 |
8,153,787 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
Retained profit/(loss) carried forward |
7,895,174 |
5,831,460 |
8,587,422 |
7,703,119 |
6,709,796 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
7,895,174 |
5,831,460 |
8,587,422 |
7,703,119 |
6,709,796 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
8,895,174 |
6,831,460 |
9,587,422 |
8,703,119 |
7,709,796 |
|
Lease obligations |
609,559 |
1,055,205 |
494,786 |
484,060 |
377,991 |
|
Deferred taxation |
63,411 |
- |
297,240 |
60,493 |
66,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
672,970 |
1,055,205 |
792,026 |
544,553 |
443,991 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
9,568,144 |
7,886,665 |
10,379,448 |
9,247,672 |
8,153,787 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
KHAISHEN TRADING SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
8,558,698 |
5,492,397 |
2,583,547 |
2,790,659 |
2,818,585 |
|
Net Liquid Funds |
2,705,698 |
1,045,674 |
(3,241,453) |
832,659 |
863,585 |
|
Net Liquid Assets |
115,229 |
(688,732) |
2,398,672 |
1,670,078 |
2,148,298 |
|
Net Current Assets/(Liabilities) |
5,810,077 |
4,078,888 |
7,496,310 |
6,860,977 |
5,696,852 |
|
Net Tangible Assets |
9,568,144 |
7,886,665 |
10,379,448 |
9,247,672 |
8,153,787 |
|
Net Monetary Assets |
(557,741) |
(1,743,937) |
1,606,646 |
1,125,525 |
1,704,307 |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
2,456,215 |
(2,552,473) |
1,613,804 |
1,701,200 |
1,465,952 |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
3,769,286 |
(1,404,116) |
2,596,656 |
2,666,669 |
2,492,591 |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
6,462,559 |
5,501,928 |
6,887,472 |
2,926,287 |
2,784,588 |
|
Total Liabilities |
34,806,043 |
34,413,883 |
30,745,431 |
23,589,347 |
21,205,894 |
|
Total Assets |
43,701,217 |
41,245,343 |
40,332,853 |
32,292,466 |
28,915,690 |
|
Net Assets |
9,568,144 |
7,886,665 |
10,379,448 |
9,247,672 |
8,153,787 |
|
Net Assets Backing |
8,895,174 |
6,831,460 |
9,587,422 |
8,703,119 |
7,709,796 |
|
Shareholders' Funds |
8,895,174 |
6,831,460 |
9,587,422 |
8,703,119 |
7,709,796 |
|
Total Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
Total Reserves |
7,895,174 |
5,831,460 |
8,587,422 |
7,703,119 |
6,709,796 |
|
GROWTH RATIOS (Year on Year) |
|||||
|
Revenue |
8.45 |
(2.26) |
10.10 |
11.61 |
10.45 |
|
Proft/(Loss) Before Tax |
172.47 |
(321.01) |
(15.67) |
14.75 |
67.74 |
|
Proft/(Loss) After Tax |
174.88 |
(411.65) |
(25.90) |
8.38 |
193.00 |
|
Total Assets |
5.95 |
2.26 |
24.90 |
11.68 |
12.88 |
|
Total Liabilities |
1.14 |
11.93 |
30.34 |
11.24 |
11.57 |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.25 |
0.16 |
0.09 |
0.12 |
0.14 |
|
Liquid Ratio |
1.00 |
0.98 |
1.08 |
1.07 |
1.10 |
|
Current Ratio |
1.17 |
1.12 |
1.25 |
1.30 |
1.27 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
11 |
10 |
10 |
11 |
9 |
|
Debtors Ratio |
44 |
53 |
57 |
47 |
48 |
|
Creditors Ratio |
51 |
57 |
46 |
45 |
46 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
0.73 |
0.81 |
0.72 |
0.34 |
0.36 |
|
Liabilities Ratio |
3.91 |
5.04 |
3.21 |
2.71 |
2.75 |
|
Times Interest Earned Ratio |
6.66 |
(7.78) |
5.20 |
10.93 |
12.31 |
|
Assets Backing Ratio |
9.57 |
7.89 |
10.38 |
9.25 |
8.15 |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
1.08 |
(1.62) |
0.72 |
0.94 |
0.91 |
|
Net Profit Margin |
1.07 |
(1.55) |
0.49 |
0.72 |
0.74 |
|
Return On Net Assets |
25.67 |
(32.36) |
15.55 |
18.40 |
17.98 |
|
Return On Capital Employed |
25.67 |
(32.36) |
14.74 |
17.48 |
17.04 |
|
Return On Shareholders' Funds/Equity |
23.20 |
(40.34) |
9.22 |
13.71 |
14.28 |
|
Dividend Pay Out Ratio (Times) |
0 |
0 |
0 |
0.17 |
0 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
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 16.60 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
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.