|
|
|
MIRA INFORM REPORT
|
Report No. : |
493283 |
|
Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
MYALTECH SDN.
BHD. |
|
|
|
|
Registered Office : |
B-3-9, 3rd Floor Block B, Megan Avenue II, 12,
Jalan Yap Kwan Seng, 50450 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
06.05.2010 |
|
|
|
|
Com. Reg. No.: |
900051-U |
|
|
|
|
Legal Form : |
Exempt Private (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
trading of defence and law enforcement equipment. |
|
|
|
|
No. of Employees : |
5 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
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. |
: |
900051-U |
||||
|
GST NO. |
: |
001081597952 |
||||
|
COMPANY NAME |
: |
MYALTECH SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
06/05/2010 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
EXEMPT PRIVATE (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
B-3-9, 3RD FLOOR BLOCK B, MEGAN AVENUE II,
12, JALAN YAP KWAN SENG, 50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
B-3-9 3RD FLOOR BLOCK B MEGAN AVENUE II NO
12 JALAN YAP KWAN SENG, 50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-21623033 |
||||
|
FAX.NO. |
: |
03-21810926 |
||||
|
MOBILE NO. |
: |
0146259908 |
||||
|
WEB SITE |
: |
WWW.MYALTECH.MY |
||||
|
CONTACT PERSON |
: |
MOHD ROZZARI BIN BADRIUZZAMAN ( MANAGING
DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
469 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF DEFENCE AND LAW ENFORCEMENT
EQUIPMENT |
||||
|
AUTHORISED CAPITAL |
: |
MYR 100,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 100,000.00 DIVIDED INTO |
||||
|
SALES |
: |
N/A |
||||
|
NET WORTH |
: |
N/A |
||||
|
STAFF STRENGTH |
: |
5 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
N/A |
||||
|
PAYMENT |
: |
UNKNOWN |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
N/A |
||||
|
CURRENCY EXPOSURE |
: |
N/A |
||||
|
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) trading of defence and law enforcement equipment.
The subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former Address(es)
|
Address |
As At Date |
|
NO 2-938, JALAN 34/26, WISMA RAMPAI, TAMAN
SRI RAMPAI, 53100, WILAYAH PERSEKUTUAN, MALAYSIA |
15/02/2013 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
15/02/2013 |
MYR 100,000.00 |
MYR 100,000.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. MOHD ROZZARI BIN BADRIUZZAMAN + |
39 LENGKOK ZAABA, TAMAN TUN DR ISMAIL, KUALA
LUMPUR, 60000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
650214-08-5519 7491862 |
51,000.00 |
51.00 |
|
SALVEL RENATO + |
MEIER WIESENSTRASSE 35, 8107 BUCHS/ ZURICH,
SWITZERLAND |
AA5595057 |
49,000.00 |
49.00 |
|
--------------- |
------ |
|||
|
100,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MS. FAZLINA BINTI BADRI UZZAMAN |
|
Address |
: |
45-1-5,SRI JELATIK KONDOMINIUM, SEK.10, WANGSA
MAJU, K.L., 53300 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A3887733 |
|
New IC No |
: |
771116-08-6826 |
|
Date of Birth |
: |
16/11/1977 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/11/2011 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
see below |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
900051U |
MYALTECH SDN. BHD. |
Director |
01/11/2011 |
0.00 |
- |
MYR3,999.00 |
2011 |
- |
25/01/2018 |
|
2 |
458025H |
TELEBYTE TECHNOLOGIES (M) SDN. BHD. |
Director |
20/02/1998 |
1.00 |
50.00 |
282.00 |
- |
Disolved by Registrar |
25/01/2018 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
002155910T |
GUZEL SHOP |
PARTNERSHIP |
06/09/2012 |
33.00 |
- |
25/01/2018 |
|
2 |
002497330W |
LEMARI RESOURCES |
SOLE PROPRIETORSHIP |
18/12/2015 |
100.00 |
- |
25/01/2018 |
|
3 |
JM0271370M |
TELEBYTE TECHNOLOGIES |
PARTNERSHIP |
18/06/2004 |
50.00 |
- |
25/01/2018 |
DIRECTOR 2
|
Name Of Subject |
: |
SALVEL RENATO |
|
Address |
: |
MEIER WIESENSTRASSE 35, 8107 BUCHS/ ZURICH,
SWITZERLAND |
|
IC / PP No |
: |
AA5595057 |
|
Date of Appointment |
: |
07/05/2010 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
900051U |
MYALTECH SDN. BHD. |
Director |
07/05/2010 |
49,000.00 |
49.00 |
MYR3,999.00 |
2011 |
- |
25/01/2018 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. MOHD ROZZARI BIN BADRIUZZAMAN |
|
Address |
: |
39 LENGKOK ZAABA, TAMAN TUN DR ISMAIL,
KUALA LUMPUR, 60000 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
7491862 |
|
New IC No |
: |
650214-08-5519 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
21/07/2010 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
see below |
|
Former interest |
: |
none in our databank |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
900051U |
MYALTECH SDN. BHD. |
Director |
21/07/2010 |
51,000.00 |
51.00 |
MYR3,999.00 |
2011 |
- |
25/01/2018 |
|
2 |
458025H |
TELEBYTE TECHNOLOGIES (M) SDN. BHD. |
Director |
20/02/1998 |
1.00 |
50.00 |
282.00 |
- |
Disolved by Registrar |
25/01/2018 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
000942229X |
REZARI OMI ENTERPRISE |
PARTNERSHIP |
18/06/2004 |
50.00 |
- |
25/01/2018 |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
ABDUL AZIZ BIN AHMAD NAWAWI |
NO.101, LORONG 5, TAMAN SRI KOTA, TAIPING,
PERAK, MALAYSIA |
530317-06-5063 |
06/05/2010 |
01/11/2011 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
MOHD ROZZARI BIN BADRIUZZAMAN |
|
Position |
: |
MANAGING DIRECTOR |
|
|
AUDITOR |
|
Auditor |
: |
YEE CHOON KONG & CO |
|
Auditor' Address |
: |
30-1 LORONG 6A/91, TAMAN SHAMELIN PERKASA,
56100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. CHIN LI THING |
|
IC / PP No |
: |
A2459210 |
|
|
New IC No |
: |
730506-08-5676 |
|
|
Address |
: |
39, JALAN TEKUKOR, BATU 3, OFF JALAN SULTAN
AZLAN SHAH, MALAYSIA, 51100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
ENCUMBRANCE (S)
|
No encumbrance was found in our databank at the time of investigation.
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 |
: |
N/A |
|
Overseas |
: |
N/A |
CLIENTELE
|
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its clientele.
OPERATIONS
|
|
Goods Traded |
: |
DEFENCE AND LAW ENFORCEMENT EQUIPMENT |
|
|
Services |
: |
SPECIAL FORCE TRAINING |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
5 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of defence and
law enforcement equipment.
The Subject is private and independent company determined to establish itself
firmly in certain niches of the defence, law enforcement , security, safety,
Fire fighting and oil and gas industry.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-21623033 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
B-3-9, 3RD FLOOR, BLOCK B, MEGAN AVENUE
II,NO. 12 JALAN YAP KWAN SENG 50450 KUALA LUMPUR |
|
Current Address |
: |
B-3-9 3RD FLOOR BLOCK B MEGAN AVENUE II NO 12
JALAN YAP KWAN SENG, 50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN, 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 provided is incomplete.
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 |
|
|
469 : Non-specialized wholesale trade |
|
|
INDUSTRY : |
TRADING |
|
Malaysia's retail sales will likely grow
3.7% in 2017, slower than previously estimated 3.9%, as consumer sentiment remains
weak amid rising cost of living in Southeast Asia's third largest economy. |
|
|
The cut in forecast was the second of such
revision by Retail Group Malaysia, a retail consulting firm, from an initial
target of 5% retail sales expansion pace in 2017. The estimate follows a
survey of members of Malaysia Retailers Association on their second quarter
performance and outlook for the year. Retail sales grew 1.7% in 2016. |
|
|
According to Retail Group Malaysia (RGM), Malaysian
retailers have seen the sales expanded 4.9 % from April to June 2017,
reversing a dismal performance in first three months 2017. For the first six
months 2016, the retail sale growth rate was 2.5 %. However, the businesses
in the next three months are not optimistic, estimating an average growth
rate of 2.9 %. The department stores cum supermarket operators are expecting
to return to red with a contraction of 2.5 %. Similarly, the department store
operators expect their businesses to dip with a negative 1.5 %. |
|
|
The rise of purchasing power will continue
to fall behind the increase in prices of retail goods. More retail goods are
expected to raise prices because of higher fuel prices in recent months. |
|
|
The wholesale trade sub-sector index increased
5.9 % to 165.9 points year-on-year (y-o-y) driven mainly by other specialised
wholesale (7.5 %), wholesale of agricultural raw materials and livestock (7.3
%) and wholesale of machinery, equipment and supplies (6.2 %). |
|
|
Over 60% of Gross Domestic Product (GDP) is
contributed by domestic consumption. Therefore the wholesale and retail
sector plays a crucial role in driving Malaysia's growth over the next decade
despite the ongoing global economic slowdown. By 2020, Malaysia's wholesale
and retail sector is expected to boost the country's total Gross National
Income (GNI) by RM156 billion, creating 454,190 new jobs. |
|
|
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) |
|
MYALTECH 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 |
2011-12-31 |
2010-12-31 |
|
Months |
12 |
8 |
|
Consolidated Account |
Company |
Company |
|
Audited Account |
YES |
YES |
|
Unqualified Auditor's Report (Clean
Opinion) |
YES |
YES |
|
Financial Type |
SUMMARY |
SUMMARY |
|
Currency |
MYR |
MYR |
|
TURNOVER |
150,000 |
52,900 |
|
---------------- |
---------------- |
|
|
Total Turnover |
150,000 |
52,900 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
6,696 |
4,006 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
6,696 |
4,006 |
|
Taxation |
(2,697) |
(2,556) |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
3,999 |
1,450 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE EXTRAORDINARY ITEMS |
3,999 |
1,450 |
|
---------------- |
---------------- |
|
|
PROFIT/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS |
3,999 |
1,450 |
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
||
|
As previously reported |
1,450 |
- |
|
---------------- |
---------------- |
|
|
As restated |
1,450 |
- |
|
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
5,449 |
1,450 |
|
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
5,449 |
1,450 |
|
============= |
============= |
|
|
|
|
|
BALANCE SHEET
|
|
MYALTECH SDN. BHD. |
|
ASSETS EMPLOYED: |
||
|
FIXED ASSETS |
2,669 |
2,848 |
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
2,669 |
2,848 |
|
CURRENT ASSETS |
||
|
TOTAL CURRENT ASSETS |
247,601 |
108,770 |
|
---------------- |
---------------- |
|
|
TOTAL ASSET |
250,270 |
111,618 |
|
============= |
============= |
|
|
CURRENT LIABILITIES |
||
|
TOTAL CURRENT LIABILITIES |
144,482 |
10,168 |
|
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
103,119 |
98,602 |
|
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
||
|
TOTAL LONG TERM LIABILITIES |
339 |
- |
|
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
105,449 |
101,450 |
|
============= |
============= |
|
|
SHARE CAPITAL |
||
|
Ordinary share capital |
100,000 |
100,000 |
|
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
100,000 |
100,000 |
|
RESERVES |
||
|
Share premium |
- |
1,450 |
|
Retained profit/(loss) carried forward |
5,449 |
1,450 |
|
---------------- |
---------------- |
|
|
TOTAL RESERVES |
5,449 |
1,450 |
|
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
105,449 |
101,450 |
|
============= |
============= |
|
|
|
|
|
FINANCIAL RATIO
|
|
MYALTECH SDN. BHD. |
|
TYPES OF FUNDS |
||
|
Net Liquid Assets |
103,119 |
98,602 |
|
Net Current Assets/(Liabilities) |
103,119 |
98,602 |
|
Net Tangible Assets |
105,449 |
101,450 |
|
Net Monetary Assets |
102,780 |
98,602 |
|
BALANCE SHEET ITEMS |
||
|
Total Liabilities |
144,821 |
10,168 |
|
Total Assets |
250,270 |
111,618 |
|
Net Assets |
105,449 |
101,450 |
|
Net Assets Backing |
105,449 |
101,450 |
|
Shareholders' Funds |
105,449 |
101,450 |
|
Total Share Capital |
100,000 |
100,000 |
|
Total Reserves |
5,449 |
1,450 |
|
GROWTH RATIOS (Year on Year) (%) |
||
|
Revenue |
183.55 |
- |
|
Proft/(Loss) Before Tax |
67.15 |
- |
|
Proft/(Loss) After Tax |
175.79 |
- |
|
Total Assets |
124.22 |
- |
|
Total Liabilities |
1,324.28 |
- |
|
LIQUIDITY (Times) |
||
|
Current Ratio |
1.71 |
10.70 |
|
SOLVENCY RATIOS (Times) |
||
|
Liabilities Ratio |
1.37 |
0.10 |
|
Assets Backing Ratio |
1.05 |
1.01 |
|
PERFORMANCE RATIO (%) |
||
|
Operating Profit Margin |
4.46 |
7.57 |
|
Net Profit Margin |
2.67 |
2.74 |
|
Return On Net Assets |
6.35 |
3.95 |
|
Return On Capital Employed |
6.33 |
3.95 |
|
Return On Shareholders' Funds/Equity |
3.79 |
1.43 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.05 |
|
|
1 |
INR 90.41 |
|
Euro |
1 |
INR 79.83 |
|
MYR |
1 |
INR 16.55 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.