|
|
|
MIRA INFORM REPORT
|
Report No. : |
484103 |
|
Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
FGV TRADING SDN. BHD |
|
|
|
|
Registered Office : |
Level 45, Menara Felda, Platinium Park, No. 11, Persiaran
Klcc, 50088 Kuala Lumpur, Wilayah Persekutuan, Malaysia |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2015 |
|
|
|
|
Date of Incorporation : |
11.09.2014 |
|
|
|
|
Com. Reg. No.: |
1108816-U |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The Subject is engaged in the trading of palm oil. |
|
|
|
|
No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and Delayed |
|
|
|
|
Litigation : |
Exist |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 2015. The ringgit rebounded in early 2016, but 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. |
: |
1108816-U |
||||
|
COMPANY NAME |
: |
FGV TRADING SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
11/09/2014 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
LEVEL 45, MENARA FELDA, PLATINIUM PARK, NO. 11, PERSIARAN KLCC,
50088 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
5TH FLOOR, BALAI FELDA, JALAN GURNEY SATU, 54000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-26005800 |
||||
|
FAX.NO. |
: |
03-26946441 |
||||
|
EMAIL |
: |
FGVT.FGV@FELDAGLOBAL.COM |
||||
|
WEB SITE |
: |
WWW.FELDAGLOBAL.COM |
||||
|
CONTACT PERSON |
: |
DATO' KHAIRIL ANUAR BIN AZIZ ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
46202 |
||||
|
PRINCIPAL ACTIVITY |
: |
TRADING OF PALM OIL |
||||
|
AUTHORISED CAPITAL |
: |
MYR 500,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 200,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 6,687,772,000 [2015] |
||||
|
NET WORTH |
: |
MYR 48,243,000 [2015] |
||||
|
STAFF STRENGTH |
: |
N/A |
||||
|
||||||
|
LITIGATION |
: |
TRACED |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
POOR |
||||
|
PAYMENT |
: |
POOR |
||||
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL RISK |
: |
MODERATE |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
MATURE |
||||
HISTORY
/ BACKGROUND
|
The Subject is a private limited company and is allowed to have a
minimum of one and a maximum of forty-nine shareholders. As a private limited
company, the Subject shall have a minimum one director. A private limited
company is a separate legal entity from its shareholders. As a separate legal
entity, the Subject is capable of owning assets, entering into contracts, sue
or be sued by other companies. The liabilities of the shareholders are to the
extent of the equity they have taken up and the creditors cannot claim on
shareholders' personal assets even if the Subject is insolvent. The Subject is
governed by the Companies Act, 1965 and the company must file its annual
returns, together with its financial statements with the Registrar of
Companies.
The Subject is principally engaged in the (as a / as an) trading
of palm oil.
The Subject is not listed on Bursa Malaysia (Malaysia Stock
Exchange).
The immediate holding company of the Subject is FELDA GLOBAL
VENTURES HOLDINGS BERHAD, a company incorporated in MALAYSIA.
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
29/01/2015 |
MYR 500,000,000.00 |
MYR 200,000,000.00 |
|
11/09/2014 |
MYR 400,000.00 |
MYR 2.00 |
The major shareholder(s) of the Subject are shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
FELDA GLOBAL VENTURES HOLDINGS BERHAD |
LEVEL 45, MENARA FELDA, PLATINUM PARK, NO. 11, PERSIARAN KLCC, 50088
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
800165P |
200,000,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
200,000,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
DR. MOHD EMIR MAVANI BIN ABDULLAH |
MALAYSIA |
631015-04-5377 |
N/A |
23/06/2016 |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. DATO' KHAIRIL ANUAR BIN AZIZ |
|
Address |
: |
21, JALAN SETIABAKTI, BUKIT DAMANSARA, 50490 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A0815143 |
|
New IC No |
: |
670324-08-5403 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
11/09/2014 |
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 |
353793T |
FELDA BULKERS SDN. BHD. |
Director |
01/04/2015 |
0.00 |
- |
MYR17,174,271.00 |
2016 |
- |
27/11/2017 |
|
2 |
1108377U |
FELDA GLOBAL VENTURES RUBBER SDN. BHD. |
Director |
01/03/2017 |
0.00 |
- |
MYR(25,607.00) |
2016 |
- |
27/11/2017 |
|
3 |
160939D |
FELDA GRAINS TERMINAL SDN. BHD. |
Director |
01/01/2016 |
0.00 |
- |
MYR1,214,661.00 |
2015 |
- |
27/11/2017 |
|
4 |
358158V |
FELDA HOLDINGS BHD. |
Director |
22/11/2017 |
0.00 |
- |
MYR90,682,000.00 |
2016 |
- |
27/11/2017 |
|
5 |
353807M |
FELDA MARKETING SERVICES SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR5,477,000.00 |
2016 |
- |
27/11/2017 |
|
6 |
353944K |
FELDA PRODATA SYSTEMS SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR9,255,073.00 |
2016 |
- |
27/11/2017 |
|
7 |
357718K |
FELDA TRANSPORT SERVICES SDN. BHD. |
Director |
01/02/2013 |
0.00 |
- |
MYR4,967,708.00 |
2016 |
- |
27/11/2017 |
|
8 |
100395K |
FELDA TRAVEL SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR(397,878.00) |
2016 |
- |
27/11/2017 |
|
9 |
20547U |
FELDA-JOHORE BULKERS SDN. BHD. |
Director |
01/04/2015 |
0.00 |
- |
MYR35,248,565.00 |
2016 |
- |
27/11/2017 |
|
10 |
1121563W |
FGV GREEN RUBBER SDN. BHD. |
Director |
01/11/2017 |
0.00 |
- |
MYR(2,154.00) |
2016 |
- |
27/11/2017 |
|
11 |
1166561P |
FGV LOGISTICS SDN. BHD. |
Director |
20/11/2015 |
1.00 |
0.00001 |
MYR(1,113,041.00) |
2016 |
- |
27/11/2017 |
|
12 |
872503M |
FGV RESOURCES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(1,503.00) |
2016 |
- |
27/11/2017 |
|
13 |
1108816U |
FGV TRADING SDN. BHD. |
Director |
11/09/2014 |
0.00 |
- |
MYR(151,757,000.00) |
2015 |
- |
27/11/2017 |
|
14 |
601898K |
GO SOVEREIGN SDN. BHD. |
Director |
07/07/2010 |
0.00 |
- |
MYR17,401.00 |
2009 |
- |
27/11/2017 |
|
15 |
65675T |
MALAYSIA COCOA MANUFACTURING SDN BHD |
Director |
01/02/2013 |
0.00 |
- |
MYR(2,764,000.00) |
2016 |
- |
27/11/2017 |
|
16 |
646265P |
PARAGON YIELD SDN. BHD. |
Director |
01/01/2016 |
0.00 |
- |
MYR2,775,527.00 |
2016 |
- |
27/11/2017 |
|
17 |
7240P |
PELABURAN MARA BERHAD |
Director |
30/01/2015 |
0.00 |
- |
MYR22,919,772.00 |
2014 |
- |
27/11/2017 |
|
18 |
903305K |
SINERGI PERDANA SDN. BHD. |
Director |
28/09/2010 |
0.00 |
- |
MYR(1,104,876.00) |
2016 |
- |
27/11/2017 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
001919325K |
WENDOVER COURT ENTERPRISE |
SOLE PROPRIETORSHIP |
06/01/2010 |
100.00 |
- |
27/11/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
353791M |
FELDA AGRICULTURAL SERVICES SDN. BHD. |
Director |
01/02/2013 |
01/04/2015 |
- |
- |
|
2 |
299557X |
FELDA ENGINEERING SERVICES SDN. BHD. |
Director |
01/02/2013 |
15/11/2017 |
- |
- |
|
3 |
974151U |
FELDA GLOBAL VENTURES DOWNSTREAM SDN. BHD. |
Director |
21/02/2012 |
01/04/2015 |
- |
- |
|
4 |
353987X |
FELDA PROPERTIES SDN. BHD. |
Director |
01/02/2013 |
15/11/2017 |
- |
- |
|
5 |
357789M |
FELDA SECURITY SERVICES SDN. BHD. |
Director |
01/02/2013 |
01/04/2015 |
- |
- |
|
6 |
353930K |
FELDA VEGETABLE OIL PRODUCTS SDN. BHD. |
Director |
01/02/2016 |
01/06/2016 |
- |
- |
|
7 |
25952H |
FPM SDN.BHD. |
Director |
01/02/2013 |
01/04/2015 |
- |
- |
|
8 |
259253X |
MALAYSIAN MERCHANT MARINE BERHAD |
Director |
06/05/2009 |
12/04/2011 |
- |
- |
|
9 |
653227V |
MLABS SYSTEMS BERHAD |
Director |
21/11/2005 |
12/02/2009 |
- |
- |
|
10 |
440527H |
MULTIMEDIA RESEARCH LAB SDN. BHD. |
Director |
27/10/2005 |
26/12/2017 |
- |
- |
|
11 |
475883U |
UNITELE MULTIMEDIA SDN. BHD. |
Director |
22/05/2009 |
30/09/2013 |
- |
- |
DIRECTOR 2
|
Name Of Subject |
: |
MR. AHMAD TIFLI BIN MOHD TALHA |
|
Address |
: |
9,JALAN PUALAM TIGA 7/32C, S.ALAM, SELANGOR, 40000 SHAH ALAM,
SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A0137167 |
|
New IC No |
: |
650627-10-6437 |
|
Date of Birth |
: |
27/06/1965 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/10/2014 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
1045809X |
FELDA GLOBAL VENTURES CAPITAL SDN. BHD. |
Director |
13/05/2013 |
0.00 |
- |
MYR6,509,427.00 |
2016 |
- |
27/11/2017 |
|
2 |
781856D |
FELDA GLOBAL VENTURES INDONESIA SDN BHD |
Director |
01/05/2016 |
0.00 |
- |
MYR149,893.00 |
2015 |
- |
27/11/2017 |
|
3 |
838183V |
FELDA GLOBAL VENTURES KALIMANTAN SDN. BHD. |
Director |
01/06/2015 |
0.00 |
- |
MYR7,546,568.00 |
2016 |
- |
27/11/2017 |
|
4 |
659466A |
FELDA GLOBAL VENTURES NORTH AMERICA SDN. BHD. |
Director |
01/10/2012 |
0.00 |
- |
MYR38,350,409.00 |
2016 |
- |
27/11/2017 |
|
5 |
978609P |
FELDA GLOBAL VENTURES SHARED SERVICES CENTRE SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR2,766,269.00 |
2016 |
- |
27/11/2017 |
|
6 |
358158V |
FELDA HOLDINGS BHD. |
Director |
22/11/2017 |
0.00 |
- |
MYR90,682,000.00 |
2016 |
- |
27/11/2017 |
|
7 |
756204H |
FELDA IFFCO SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(60,965,279.00) |
2016 |
- |
27/11/2017 |
|
8 |
920555W |
FELDA IFFCO TRADING SDN. BHD. |
Director |
01/10/2012 |
0.00 |
- |
MYR15,793,679.00 |
2016 |
- |
27/11/2017 |
|
9 |
353944K |
FELDA PRODATA SYSTEMS SDN. BHD. |
Director |
01/04/2015 |
0.00 |
- |
MYR9,255,073.00 |
2016 |
- |
27/11/2017 |
|
10 |
353987X |
FELDA PROPERTIES SDN. BHD. |
Director |
15/11/2017 |
0.00 |
- |
MYR875,041.00 |
2016 |
- |
27/11/2017 |
|
11 |
1108816U |
FGV TRADING SDN. BHD. |
Director |
01/10/2014 |
0.00 |
- |
MYR(151,757,000.00) |
2015 |
- |
27/11/2017 |
|
12 |
3573D |
MSM PRAI BERHAD |
Director |
01/10/2012 |
0.00 |
- |
MYR83,965,000.00 |
2016 |
- |
27/11/2017 |
|
13 |
1139464W |
MSM SUGAR REFINERY (JOHOR) SDN. BHD. |
Director |
22/11/2017 |
0.00 |
- |
MYR(2,019,815.00) |
2016 |
- |
27/11/2017 |
|
14 |
514497X |
PLANTATION RESORTS SDN. BHD. |
Director |
28/09/2012 |
0.00 |
- |
MYR(3,085.00) |
2016 |
- |
27/11/2017 |
|
15 |
2121P |
PONTIAN UNITED PLANTATIONS BERHAD |
Director |
01/11/2017 |
0.00 |
- |
MYR38,386,889.00 |
2016 |
- |
27/11/2017 |
|
16 |
119768W |
TARKIB HOLDINGS SDN BHD |
Director |
17/09/1991 |
10,801.00 |
14.21 |
- |
- |
- |
27/11/2017 |
|
17 |
420003M |
TRURICH RESOURCES SDN. BHD. |
Director |
21/02/2012 |
0.00 |
- |
MYR(27,243,000.00) |
2015 |
- |
27/11/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
359628W |
FAST TRACK FOODS SDN. BHD. |
Director |
10/01/2001 |
30/06/2003 |
- |
- |
|
2 |
974146W |
FELDA GLOBAL VENTURES PLANTATIONS SDN. BHD. |
Director |
21/02/2012 |
01/03/2017 |
- |
- |
|
3 |
1012623V |
FELDA GLOBAL VENTURES RESEARCH & DEVELOPMENT SDN. BHD. |
Director |
01/01/2014 |
01/04/2015 |
- |
- |
|
4 |
353807M |
FELDA MARKETING SERVICES SDN. BHD. |
Director |
15/09/2012 |
31/12/2013 |
- |
- |
|
5 |
694599V |
FELDA-CFA LOGISTICS SDN. BHD. |
Director |
15/09/2012 |
31/12/2015 |
- |
- |
|
6 |
199337A |
GOGAS SDN. BHD. |
Director |
29/11/1999 |
03/03/2003 |
- |
- |
|
7 |
199337A |
GOGAS SDN. BHD. |
Shareholder |
- |
- |
1 |
- |
|
8 |
535307V |
HALUAN FOKUS SDN. BHD. |
Director |
20/12/2000 |
03/03/2015 |
- |
- |
|
9 |
535307V |
HALUAN FOKUS SDN. BHD. |
Shareholder |
- |
- |
5000.00 |
- |
|
10 |
310552P |
JURADAMAI SDN. BHD. |
Director |
18/11/1998 |
04/02/2004 |
- |
- |
|
11 |
192131A |
KUMPULAN MOFAZ SDN. BHD. |
Director |
11/06/1996 |
03/03/2003 |
- |
- |
|
12 |
486101M |
LOTUS ENGINEERING MALAYSIA SDN. BHD. |
Director |
06/05/2003 |
07/09/2005 |
- |
- |
|
13 |
366808U |
MOFAZ CARS SDN. BHD. |
Director |
28/08/1997 |
31/03/2003 |
- |
- |
|
14 |
418923K |
MOFAZ MOTORSPORT SDN. BHD. |
Director |
29/01/1997 |
18/06/2003 |
- |
- |
|
15 |
418923K |
MOFAZ MOTORSPORT SDN. BHD. |
Shareholder |
- |
- |
1.00 |
- |
|
16 |
426441K |
MORAC INTERNATIONAL KARTING CIRCUIT SDN. BHD. |
Director |
05/04/1997 |
03/03/2003 |
- |
- |
|
17 |
426389U |
MORAC SDN. BHD. |
Director |
05/04/1997 |
03/03/2003 |
- |
- |
|
18 |
426389U |
MORAC SDN. BHD. |
Shareholder |
- |
- |
- |
- |
|
19 |
585111D |
MOTORSPORTS KNIGHTS (M) SDN. BHD. |
Director |
14/01/2008 |
24/04/2008 |
- |
- |
|
20 |
460598T |
POS AVIATION ENGINEERING SERVICES SDN. BHD. |
Director |
25/09/1998 |
14/02/2003 |
- |
- |
|
21 |
333284T |
POS AVIATION SDN. BHD. |
Director |
23/11/1996 |
14/02/2003 |
- |
- |
|
22 |
133533A |
PROTON EDAR SDN. BHD. |
Director |
02/03/2004 |
15/11/2005 |
- |
- |
|
23 |
623178P |
PROTON MARKETING SDN. BHD. |
Director |
01/01/2006 |
02/11/2007 |
- |
- |
|
24 |
183757T |
REBAK ISLAND MARINA BHD. |
Director |
19/03/1999 |
14/02/2003 |
- |
- |
DIRECTOR 3
|
Name Of Subject |
: |
ZAKARIA BIN ARSHAD |
|
Address |
: |
97 JALAN 2/62, BANDAR MENJALARA, KEPONG, KUALA LUMPUR, 52100
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
5804258 |
|
New IC No |
: |
591118-05-5099 |
|
Date of Birth |
: |
18/11/1959 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
01/05/2016 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
23120H |
DELIMA OIL PRODUCTS SDN. BHD. |
Director |
01/01/2016 |
0.00 |
- |
MYR(27,684,925.00) |
2016 |
- |
27/11/2017 |
|
2 |
353791M |
FELDA AGRICULTURAL SERVICES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR32,482,335.00 |
2015 |
- |
27/11/2017 |
|
3 |
299557X |
FELDA ENGINEERING SERVICES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR10,353,755.00 |
2016 |
- |
27/11/2017 |
|
4 |
1045809X |
FELDA GLOBAL VENTURES CAPITAL SDN. BHD. |
Director |
29/03/2016 |
0.00 |
- |
MYR6,509,427.00 |
2016 |
- |
27/11/2017 |
|
5 |
974151U |
FELDA GLOBAL VENTURES DOWNSTREAM SDN. BHD. |
Director |
01/01/2014 |
0.00 |
- |
MYR(11,322,776.00) |
2016 |
- |
27/11/2017 |
|
6 |
800165P |
FELDA GLOBAL VENTURES HOLDINGS BERHAD |
Director |
01/04/2016 |
0.00 |
- |
MYR69,223,000.00 |
2016 |
- |
27/11/2017 |
|
7 |
838183V |
FELDA GLOBAL VENTURES KALIMANTAN SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR7,546,568.00 |
2016 |
- |
27/11/2017 |
|
8 |
974143H |
FELDA GLOBAL VENTURES PLANTATIONS (MALAYSIA) SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(348,827,000.00) |
2016 |
- |
27/11/2017 |
|
9 |
974146W |
FELDA GLOBAL VENTURES PLANTATIONS SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(9,059.00) |
2016 |
- |
27/11/2017 |
|
10 |
1108377U |
FELDA GLOBAL VENTURES RUBBER SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(25,607.00) |
2016 |
- |
27/11/2017 |
|
11 |
829994X |
FELDA GLOBAL VENTURES SUGAR SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR72,236,789.00 |
2016 |
- |
27/11/2017 |
|
12 |
358158V |
FELDA HOLDINGS BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR90,682,000.00 |
2016 |
- |
27/11/2017 |
|
13 |
24499V |
FELDA IFFCO OIL PRODUCTS SDN. BHD. |
Director |
15/07/2013 |
0.00 |
- |
MYR(46,426.00) |
2013 |
- |
27/11/2017 |
|
14 |
756204H |
FELDA IFFCO SDN. BHD. |
Director |
19/07/2013 |
0.00 |
- |
MYR(60,965,279.00) |
2016 |
- |
27/11/2017 |
|
15 |
920555W |
FELDA IFFCO TRADING SDN. BHD. |
Director |
01/01/2016 |
0.00 |
- |
MYR15,793,679.00 |
2016 |
- |
27/11/2017 |
|
16 |
353786A |
FELDA KERNEL PRODUCTS SDN. BHD. |
Director |
01/01/2014 |
0.00 |
- |
MYR(6,890,499.00) |
2016 |
- |
27/11/2017 |
|
17 |
353807M |
FELDA MARKETING SERVICES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR5,477,000.00 |
2016 |
- |
27/11/2017 |
|
18 |
359584V |
FELDA PALM INDUSTRIES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(16,519,000.00) |
2016 |
- |
27/11/2017 |
|
19 |
353944K |
FELDA PRODATA SYSTEMS SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR9,255,073.00 |
2016 |
- |
27/11/2017 |
|
20 |
353987X |
FELDA PROPERTIES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR875,041.00 |
2016 |
- |
27/11/2017 |
|
21 |
357896U |
FELDA RUBBER INDUSTRIES SDN. BHD. |
Director |
01/03/2017 |
0.00 |
- |
MYR(1,637,000.00) |
2015 |
- |
27/11/2017 |
|
22 |
357789M |
FELDA SECURITY SERVICES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(1,220,655.00) |
2016 |
- |
27/11/2017 |
|
23 |
357718K |
FELDA TRANSPORT SERVICES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR4,967,708.00 |
2016 |
- |
27/11/2017 |
|
24 |
100395K |
FELDA TRAVEL SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(397,878.00) |
2016 |
- |
27/11/2017 |
|
25 |
353930K |
FELDA VEGETABLE OIL PRODUCTS SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(15,795,000.00) |
2016 |
- |
27/11/2017 |
|
26 |
20547U |
FELDA-JOHORE BULKERS SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR35,248,565.00 |
2016 |
- |
27/11/2017 |
|
27 |
1104073D |
FGV GREEN ENERGY SDN. BHD. |
Director |
01/03/2017 |
0.00 |
- |
MYR(1,347,024.00) |
2016 |
- |
27/11/2017 |
|
28 |
1166561P |
FGV LOGISTICS SDN. BHD. |
Director |
29/03/2016 |
0.00 |
- |
MYR(1,113,041.00) |
2016 |
- |
27/11/2017 |
|
29 |
1108459V |
FGV R&D AND AGRI SERVICES SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(70,573.00) |
2016 |
- |
27/11/2017 |
|
30 |
1108816U |
FGV TRADING SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(151,757,000.00) |
2015 |
- |
27/11/2017 |
|
31 |
184896U |
FPG OLEOCHEMICALS SDN. BHD. |
Director |
01/01/2014 |
0.00 |
- |
MYR20,028,000.00 |
2016 |
- |
27/11/2017 |
|
32 |
67044U |
FS OILS SDN. BHD. |
Director |
01/02/2013 |
0.00 |
- |
N/A |
2016 |
- |
27/11/2017 |
|
33 |
21580T |
LADANG TAI TAK (KOTA TINGGI) SDN. BHD. |
Director |
13/04/2017 |
0.00 |
- |
MYR12,745,538.00 |
2016 |
- |
27/11/2017 |
|
34 |
297357K |
LAMKARA SDN. BHD. |
Director |
25/04/1994 |
15,000.00 |
50.00 |
- |
- |
Disolved by Registrar |
27/11/2017 |
|
35 |
192835K |
MALAYSIAN PALM OIL COUNCIL |
Director |
19/01/2016 |
0.00 |
- |
MYR2,311,000.00 |
2009 |
- |
27/11/2017 |
|
36 |
786542A |
MEO TRADING SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(287,867.00) |
2015 |
- |
27/11/2017 |
|
37 |
935722K |
MSM MALAYSIA HOLDINGS BERHAD |
Director |
01/04/2016 |
0.00 |
- |
MYR120,722,000.00 |
2016 |
- |
27/11/2017 |
|
38 |
2121P |
PONTIAN UNITED PLANTATIONS BERHAD |
Director |
01/05/2016 |
0.00 |
- |
MYR38,386,889.00 |
2016 |
- |
27/11/2017 |
|
39 |
400426D |
TAIKO CLAY CHEMICALS SDN. BHD. |
Director |
07/02/2017 |
0.00 |
- |
MYR55,607,874.00 |
2016 |
- |
27/11/2017 |
|
40 |
420003M |
TRURICH RESOURCES SDN. BHD. |
Director |
01/04/2016 |
0.00 |
- |
MYR(27,243,000.00) |
2015 |
- |
27/11/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
19442T |
CADBURY CONFECTIONERY MALAYSIA SDN. BHD. |
Director |
01/04/2015 |
01/07/2016 |
- |
- |
|
2 |
329586M |
CERMAT MELATI SDN. BHD. |
Director |
23/01/1995 |
22/01/1997 |
- |
- |
|
3 |
659466A |
FELDA GLOBAL VENTURES NORTH AMERICA SDN. BHD. |
Director |
01/01/2016 |
01/06/2016 |
- |
- |
|
4 |
978609P |
FELDA GLOBAL VENTURES SHARED SERVICES CENTRE SDN. BHD. |
Director |
29/03/2016 |
01/06/2016 |
- |
- |
|
5 |
1108483M |
FGV APPLIED TECHNOLOGIES SDN. BHD. |
Director |
29/03/2016 |
20/11/2017 |
- |
- |
|
6 |
1042741D |
FGV BIOTECHNOLOGIES SDN. BHD. |
Director |
01/01/2014 |
26/06/2016 |
- |
- |
|
7 |
1121563W |
FGV GREEN RUBBER SDN. BHD. |
Director |
29/03/2016 |
01/06/2016 |
- |
- |
|
8 |
1071933D |
FGV LIPID VENTURE SDN. BHD. |
Director |
27/12/2013 |
01/06/2016 |
- |
- |
|
9 |
872503M |
FGV RESOURCES SDN. BHD. |
Director |
29/03/2016 |
01/06/2016 |
- |
- |
DIRECTOR 4
|
Name Of Subject |
: |
MR. FAHKRUNNIAM BIN OTHMAN |
|
Address |
: |
NO. 19, JALAN UP 3/2, UKAY PERDANA, 68000 AMPANG, SELANGOR,
MALAYSIA. |
|
IC / PP No |
: |
A0761703 |
|
New IC No |
: |
671002-08-6547 |
|
Date of Birth |
: |
02/10/1967 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
18/01/2017 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
none in our databank |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
23120H |
DELIMA OIL PRODUCTS SDN. BHD. |
Director |
18/01/2017 |
0.00 |
- |
MYR(27,684,925.00) |
2016 |
- |
27/11/2017 |
|
2 |
694599V |
FELDA-CFA LOGISTICS SDN. BHD. |
Director |
31/12/2015 |
0.00 |
- |
MYR(2,362,685.00) |
2016 |
- |
27/11/2017 |
|
3 |
1108816U |
FGV TRADING SDN. BHD. |
Director |
18/01/2017 |
0.00 |
- |
MYR(151,757,000.00) |
2015 |
- |
27/11/2017 |
|
4 |
14023V |
KAO (MALAYSIA) SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR5,999,060.00 |
2016 |
- |
27/11/2017 |
|
5 |
53786W |
KAO TRADING (MALAYSIA) SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR(8,670.00) |
2016 |
- |
27/11/2017 |
|
6 |
65675T |
MALAYSIA COCOA MANUFACTURING SDN BHD |
Director |
24/01/2017 |
0.00 |
- |
MYR(2,764,000.00) |
2016 |
- |
27/11/2017 |
|
7 |
307215P |
NILAI EDUCATION SDN. BHD. |
Director |
01/03/2017 |
0.00 |
- |
MYR(5,794,090.00) |
2016 |
- |
27/11/2017 |
|
8 |
905210P |
PROXCEL SDN. BHD. |
Director |
01/06/2016 |
0.00 |
- |
MYR(80,917.00) |
2016 |
- |
27/11/2017 |
|
9 |
420003M |
TRURICH RESOURCES SDN. BHD. |
Director |
01/05/2016 |
0.00 |
- |
MYR(27,243,000.00) |
2015 |
- |
27/11/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
1045809X |
FELDA GLOBAL VENTURES CAPITAL SDN. BHD. |
Director |
01/06/2016 |
20/11/2017 |
- |
- |
|
2 |
920555W |
FELDA IFFCO TRADING SDN. BHD. |
Director |
01/01/2014 |
31/12/2015 |
- |
- |
|
3 |
3573D |
MSM PRAI BERHAD |
Director |
22/02/2017 |
22/11/2017 |
- |
- |
|
4 |
2121P |
PONTIAN UNITED PLANTATIONS BERHAD |
Director |
18/01/2017 |
01/11/2017 |
- |
- |
FORMER
DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
DR. MOHD EMIR MAVANI BIN ABDULLAH |
NO. 33 JALAN 2/55L, TAMAN SETIAWANGSA, KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA |
631015-04-5377 |
11/09/2014 |
01/04/2016 |
|
DATUK ABD HALIM BIN HAMID |
NO. 1, JALAN KESUMA 4, TAMAN KESUMA, AMPANG, SELANGOR, MALAYSIA |
540218-09-5071 |
01/06/2016 |
18/01/2017 |
Note : The above information was generated from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
DATO' KHAIRIL ANUAR BIN AZIZ |
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
PRICEWATERHOUSECOOPERS |
|
Auditor' Address |
: |
LEVEL 15, 1 SENTRAL, JALAN RAKYAT, KUALA LUMPUR SENTRAL, 50470
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
COMPANY
SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. KOO SHUANG YEN |
|
IC / PP No |
: |
6770467 |
|
|
New IC No |
: |
620820-06-5246 |
|
|
Address |
: |
NO. 35, JALAN BU 4/9, BANDAR UTAMA, 47800 PETALING JAYA,
SELANGOR, MALAYSIA. |
|
|
2) |
Company Secretary |
: |
MR. ABD RASHID BIN ATAN |
|
IC / PP No |
: |
6265235 |
|
|
New IC No |
: |
611001-01-5021 |
|
|
Address |
: |
NO. 2, JALAN BUNGA TANJUNG, KAMPUNG MELAYU SUBANG, 40150 SHAH
ALAM, SELANGOR, MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
MALAYAN BANKING BHD |
ENCUMBRANCE
(S)
|
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 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 PENDING litigation case(s) on the Subject in our database as
below:
- 1 case(s) filed in year 2017
There is/are CLOSED 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 |
|
Overseas |
: |
YES |
OVERALL
PAYMENT HABIT
|
||||||||||||||
|
Prompt 0-30 Days |
[ |
] |
Good 31-60 Days |
[ |
] |
Average 61-90 Days |
[ |
] |
||||||
|
Fair 91-120 Days |
[ |
] |
Poor >120 Days |
[ |
X |
] |
||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export Market |
: |
ASIA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods Traded |
: |
|
|||||
|
Competitor(s) |
: |
|
|||||
|
Branch |
: |
|
Other Information:
The Subject is principally engaged in the (as a / as an) trading of palm oil.
FGV operates as a Malaysian-based global agricultural and agro-commodities
company covering three mains sectors:
Palm Oil
Sugar
Logistic & Others.
The Subject is engage in trading of palm oil producer and oil palm plantation
operator, based on planted hectares.
The Subject six core business clusters: Palm Upstream and Downstream, Rubber,
Sugar, R&D and Agri-services, Trading & Marketing, Logistics &
Others (TML).
RECENT
DEVELOPMENT
|
8 APRIL 2016
Felda Global Ventures Holdings Berhad (FGV) today announced termination of the
agreement to acquire 55% shares in Zhong Ling Nutri – Oil Holdings Ltd.
The decision to terminate was mutually agreed due to the non-fulfilment of
certain conditions within the stipulated time frame.
Group President and Chief Executive Officer of the Subject, Dato’ Zakaria
Arshad said, “The Group is still committed to grow our business in the regional
market and we will continue to explore opportunities that are in the best
interests of our shareholders.”
1 APRIL 2016
Felda Global Ventures Holdings Bhd (FGV) is committed to continue the
implementation of good corporate governance within its daily operations for the
year 2016 in an effort to enhance the Group’s image.
Group President and Chief Executive Officer, Dato’ Zakaria Arshad said, the
Subject is currently facing a significant governance perception and for this
year the company is committed to putting in place good governance throughout its
operations.
“I will not compromise with any governance wrongdoing or integrity in the
Subject. This is important to ensure that the Group’s image remains solid in
the eyes of shareholders and investors.
“Good governance must be implemented to ensure transparency of operations and
to avoid negative perceptions of the Group’s image,” he said in his speech at
the inaugural Felda Group Corporate Governance Award Ceremony.
The event was officiated by the Deputy Minister in the Prime Minister Dato’
Razali Ibrahim. Present at the event were Felda Chairman who was also the
Subject Chairman Tan Sri Mohd Isa Abdul Samad.
Tan Sri Mohd Isa said, “This award is an extension of the initiative of the
Corporate Integrity Pledge and Integrity Pact signed by Felda and the Subject
together with Malaysian Anti-Corruption Commission (MACC) on 9 April 2012.”
Meanwhile, Dato’ Razali in his speech said, the Subject was the first
Malaysia’s public listed company to hold a Corporate Governance Award in an
effort to spur growth and development of the company’s operations.
“I applaud the Subject for continuously championing the corporate governance
initiatives benchmarked against international standards within its operations.
This award will further strengthen the Subject in preparation for the annual
assessment of Malaysian Corporate Governance,” he said.
The Felda Group Governance Award first prize winner was the Sugar Cluster,
followed by Palm Downstream Cluster and Cluster Research and Development (R
&D) and Agri-Services at third place.
This award is to ensure a continuous commitment by FELDA and the Subject in
Group Governance to reflect the Group’s efficiency, transparency and
professionalism, which subsequently benefits all shareholders and stakeholders.
29 MARCH 2016
Felda Global Ventures Holdings Berhad (FGV) has appointed Dato’ Zakaria Arshad
as Group President and Chief Executive Officer; and Non-Independent Executive
Director effective 1st April 2016.
The Subject Chairman Tan Sri Haji Mohd Isa Dato’ Haji Abdul Samad said: “With
this new appointment, the Subject will continue to strengthen its position as a
global sustainable agribusiness player.”
Dato’ Zakaria holds a Bachelor of Social Science (Economics) from Universiti
Sains Malaysia and attended executive business courses from Harvard Business
School and Pembroke College, Cambridge University.
A Fellow of the International Society of Nanoscience, University of Cambridge
UK, Dato’ Zakaria is also Vice Chairman of Palm Oil Refinery Association of
Malaysia (PORAM) and sits on the Board of Trustee, Malaysia Palm Oil Council
(MPOC).
A son of a settler from FELDA Palong 1, Negeri Sembilan, Dato’ Zakaria has
served FELDA Group for the past 32 years since 1984 including FELDA Rubber
Industries Sdn Bhd, Malaysia Cocoa Manufacturing Sdn Bhd, FELDA Rubber Products
Sdn Bhd and FELDA Marketing Services Sdn. Bhd.
He was then appointed as Chief Executive Officer of Delima Oil Products Sdn Bhd
prior becoming Head of Palm Downstream in January 2014.
Dato’ Mohd Emir Mavani Abdullah ends his three-year tenure as the Subject Group
President and Chief Executive Officer on 31 March 2016.
Tan Sri Haji Mohd Isa, who is also the chairman of FELDA, said: “On behalf of
the Subject Group, we would like to thank Dato’ Mohd Emir for his invaluable
contribution especially on charting the transformation framework to pave the
way for the Subject to be an important global powerhouse today.”
CURRENT
INVESTIGATION
|
Latest fresh investigations carried out on the Subject indicated
that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
03-26005800 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
5TH FLOOR, BALAI FELDA, JALAN GURNEY 1, 54000 KUALA LUMPUR |
|
Current Address |
: |
5TH FLOOR, BALAI FELDA, JALAN GURNEY SATU, 54000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
we contacted one of the staff from the Subject and she provided some information.
The Subject refused to disclose its number of employees.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
(314.57%) |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
(409.02%) |
] |
|
|
The Subject's unfavourable returns on shareholders' funds
indicate the management's inefficiency in utilising its assets to generate
returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
16 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
24 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
2323 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 unfavourable creditors' ratio could be due to the Subject taking
advantage of the credit granted by its suppliers. However this may affect the
goodwill between the Subject and its suppliers and the Subject may
inadvertently have to pay more for its future supplies. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Unfavourable |
[ |
0.78 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.00 Times |
] |
|
|
A low liquid ratio means that the Subject may be facing working
capital deficiency. If the Subject cannot obtain additional financing or injection
of fresh capital, it may face difficulties in meeting its short term
obligations. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Unfavourable |
[ |
(87.10 Times) |
] |
|
|
Gearing Ratio |
: |
Unfavourable |
[ |
13.83 Times |
] |
|
|
The Subject incurred losses in the year. It did not generate
sufficient income to service its interest. If the situation does not
improve, the Subject may be vulnerable to default in servicing the interest. The
Subject was highly geared, thus it had a high financial risk. The Subject was
dependent on loans to finance its business needs. In times of economic
downturn and / or high interest rate, the Subject will become less profitable
and competitive than other firms in the same industry, which are lowly
geared. This is because the Subject has to service the interest and to repay
the loan, which will erode part of its profits. The profits will fluctuate
depending on the Subject's turnover and the interest it needs to pay. |
||||||
|
Overall Assessment : |
||||||
|
Due to its weak liquidity position, the Subject will be faced
with problems in meeting all its short term obligations if no short term loan
is obtained or additional capital injected into the Subject. The Subject's
interest cover was negative, indicating that it did not generate sufficient
income to service its interest. If its result does not show impressive
improvements or succeed obtaining short term financing or capital injection,
it may not be able to service its interest and repay the loans. The Subject's
gearing level was high and its going concern will be in doubt if there is no
injection of additional shareholders' funds in times of economic downturn and
/ or high interest rates. |
||||||
|
Overall financial condition of the Subject : POOR |
||||||
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 |
5.5 |
5.3 |
|
Domestic Demand ( % ) |
6.4 |
6.2 |
6.3 |
- |
- |
|
Private Expenditure ( % ) |
7.9 |
6.9 |
7.8 |
10.6 |
10.0 |
|
Consumption ( % ) |
6.5 |
6.1 |
5.1 |
- |
- |
|
Investment ( % ) |
12.0 |
8.1 |
10.0 |
12.0 |
- |
|
Public Expenditure ( % ) |
2.3 |
4.2 |
3.3 |
- |
- |
|
Consumption ( % ) |
2.1 |
4.3 |
2.0 |
- |
- |
|
Investment ( % ) |
2.6 |
(1.0) |
1.1 |
- |
- |
|
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 |
- |
- |
|
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 |
8.2 |
- |
- |
|
Rubber |
(10.4) |
(11.0) |
(12.3) |
- |
- |
|
Forestry & Logging |
(4.2) |
(7.2) |
(4.8) |
- |
- |
|
Fishing |
2.7 |
2.1 |
2.9 |
- |
- |
|
Other Agriculture |
6.2 |
6.0 |
6.8 |
- |
- |
|
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 |
3.3 |
21.1 |
- |
|
Electrical & Electronics |
11.8 |
9.2 |
7.0 |
- |
- |
|
Rubber Products |
(1.3) |
5.1 |
3.9 |
- |
- |
|
Wood Products |
7.8 |
7.0 |
7.0 |
- |
- |
|
Textiles & Apparel |
10.8 |
7.5 |
6.7 |
- |
- |
|
Domestic-oriented Industries |
7.7 |
4.7 |
3.0 |
- |
- |
|
Food, Beverages & Tobacco |
6.1 |
8.9 |
7.5 |
- |
- |
|
Chemical & Chemical Products |
1.4 |
3.5 |
5.1 |
- |
- |
|
Plastic Products |
2.7 |
3.9 |
5.1 |
- |
- |
|
Iron & Steel |
2.8 |
1.6 |
2.2 |
- |
- |
|
Fabricated Metal Products |
2.8 |
4.6 |
5.1 |
- |
- |
|
Non-metallic Mineral |
6.9 |
6.8 |
5.5 |
- |
- |
|
Transport Equipment |
14.4 |
5.2 |
(3.1) |
- |
- |
|
Paper & Paper Products |
4.7 |
3.2 |
3.9 |
- |
- |
|
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 |
INDUSTRY
ANALYSIS
|
|
MSIC CODE |
|
|
46202 : Wholesale of palm oil |
|
|
INDUSTRY : |
PALM OIL |
|
According to the Malaysian Palm Oil Council (MPOC), Malaysia
currently accounts for 39% of world palm oil production and 44% of world
exports in year 2014. Malaysia is also one of the biggest producers and
exporters of oil palm and palm oil products. In the last 5 years until year
2014, Malaysia earned between RM50 billion and RM70 billion a year from palm
oil exports. |
|
|
Besides, the ongoing implementation of Entry Point Projects (EPPs)
under the National Key Economic Area (NKEA) on palm oil to enhance
productivity of upstream and downstream activities will further boost the
palm oil sector. Thus, palm oil sector is expected to grow 6.7% in 2014
(2013: 2.6%). Moreover, the total oil palm planted areas increased 2.8% to
5.3 million hectares as at end-June 2014 (end-June 2013: 5.2 million
hectares) following the opening of 30,544 hectares of cultivated areas mainly
in Sabah and Sarawak. Other than that, the production of palm oil is expected
to growth by 1.6% (19.52 million tonnes) in year 2014, compared to 19.22
million tonnes in year 2013. |
|
|
According to Kenanga Research, the estimated average crude palm
oil (CPO) price for 2014 and 2015 is between RM2,100 and RM2,500 per tonne
due to lower inventory estimate by end-2015. The estimated prices also lifted
by factors such as biofuel demand and petroleum price level. But, the average
price of crude palm oil (CPO) strengthened to RM2,542 per tonne during the
first eight months of 2014 (January - August 2013: Rm2,309 per tonne).
However, with production rising in the second quarter coupled with high
inventory level (end-August 2014: 2.1 million tonnes), the price of CPO
moderated to RM2,162 per tonne as at end-August 2014, and hitting a five-year
low of RM1,914 per tonne in Sept 2014 as stockpiles surged to a more than 1
year high above 2 million tonnes. The moderation in CPO prices was also due
to a surge in global supplies of edible oil, particularly the bumper harvest
of soybean in the US. |
|
|
Over the total exports of major products in year 2013, palm oil
accounts 6.4% of share in the total exports. During the first seven months of
2014, export receipts of palm oil rebounded by 4.9% to RM25.8 billion
(January - July 2013: -21.9%, RM 24.6 billion) due to higher export prices
averaging RM 2,703 per tonne (January - July 2013: Rm 2,456 per tonne). As a
measure to reduce the high inventory due to strong output, the Government has
exempted export tax on CPO until December 2014. The Government's move to
extend the export duty exemption for crude palm oil (CPO) has received
positive reaction from industry players. The chairman of Malaysian Palm Oil
Board (MPOB) said the move provided a stable effect on the CPO market prices. |
|
|
In Budget 2015, there is an allocation of RM41 million for
smallholders to plant and replant oil palm. The incentives for commodities
announced in Budget 2015 will help alleviate the problems faced by the
industry, especially the poor prices for rubber and palm oil. |
|
|
According to the Minister of Plantation Industries and
Commodities, the Malaysian government will increase the amount of palm oil
based bio-diesel in the national diesel supply mix from November 2014, in a
move that will also help to increase consumption of crude palm oil (CPO) and
reduce stockpile levels of the commodity. The implementation of the B7 blend
will also increase the use palm oil which prices have softened due to
oversupply in the market. According to the Malaysian Palm Oil Council (MPOC),
CPO prices are expected to improve to between RM2,100 and RM2,500 in year
2015, lifted by factors such as biofuel demand from the B7 programme. CIMB
Research estimates that the rollout could raise the country's palm oil demand
by 263,000-390,000 tonnes per annum, or 1-2% of the total palm oil production
in 2013. |
|
|
OVERALL INDUSTRY OUTLOOK : Mature |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
FINANCIAL
|
PROFIT AND LOSS ACCOUNT |
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH
MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
FGV TRADING SDN. BHD. |
|
Financial Year End |
2015-12-31 |
|
Months |
12 |
|
Consolidated Account |
Company |
|
Audited Account |
YES |
|
Unqualified Auditor's Report (Clean Opinion) |
YES |
|
Financial Type |
FULL |
|
Currency |
MYR |
|
TURNOVER |
6,687,772,000 |
|
---------------- |
|
|
Total Turnover |
6,687,772,000 |
|
Costs of Goods Sold |
(6,812,309) |
|
---------------- |
|
|
Gross Profit |
6,680,959,691 |
|
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
(199,990,000) |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
(199,990,000) |
|
Taxation |
48,233,000 |
|
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
(151,757,000) |
|
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(151,757,000) |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(151,757,000) |
|
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
Term loan / Borrowing |
2,270,000 |
|
---------------- |
|
|
2,270,000 |
|
|
============= |
|
|
DEPRECIATION (as per notes to P&L) |
2,000 |
|
AMORTIZATION |
104,000 |
|
---------------- |
|
|
Total Amortization And Depreciation |
106,000 |
|
============= |
|
BALANCE SHEET |
|
FGV TRADING SDN. BHD. |
|
ASSETS EMPLOYED: |
|
|
FIXED ASSETS |
33,000 |
|
Deferred assets |
48,233,000 |
|
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
48,233,000 |
|
Own goodwill |
1,019,000 |
|
---------------- |
|
|
TOTAL INTANGIBLE ASSETS |
1,019,000 |
|
---------------- |
|
|
TOTAL LONG TERM ASSETS |
49,285,000 |
|
Stocks |
286,981,000 |
|
Trade debtors |
441,133,000 |
|
Other debtors, deposits & prepayments |
165,179,000 |
|
Short term deposits |
90,762,000 |
|
Amount due from holding company |
10,000 |
|
Amount due from related companies |
302,984,000 |
|
Cash & bank balances |
1,787,000 |
|
Others |
1,652,000 |
|
---------------- |
|
|
TOTAL CURRENT ASSETS |
1,290,488,000 |
|
---------------- |
|
|
TOTAL ASSET |
1,339,773,000 |
|
============= |
|
|
CURRENT LIABILITIES |
|
|
Trade creditors |
43,365,000 |
|
Other creditors & accruals |
26,625,000 |
|
Short term borrowings/Term loans |
667,422,000 |
|
Amounts owing to holding company |
1,629,000 |
|
Amounts owing to related companies |
549,967,000 |
|
Other liabilities |
2,425,000 |
|
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
1,291,433,000 |
|
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
(945,000) |
|
---------------- |
|
|
TOTAL NET ASSETS |
48,340,000 |
|
============= |
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
200,000,000 |
|
---------------- |
|
|
TOTAL SHARE CAPITAL |
200,000,000 |
|
Retained profit/(loss) carried forward |
(151,757,000) |
|
---------------- |
|
|
TOTAL RESERVES |
(151,757,000) |
|
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
48,243,000 |
|
Others |
97,000 |
|
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
97,000 |
|
---------------- |
|
|
48,340,000 |
|
|
============= |
|
|
FINANCIAL RATIO |
|
FGV TRADING SDN. BHD. |
|
TYPES OF FUNDS |
|
|
Cash |
92,549,000 |
|
Net Liquid Funds |
92,549,000 |
|
Net Liquid Assets |
(287,926,000) |
|
Net Current Assets/(Liabilities) |
(945,000) |
|
Net Tangible Assets |
47,321,000 |
|
Net Monetary Assets |
(288,023,000) |
|
PROFIT & LOSS ITEMS |
|
|
Earnings Before Interest & Tax (EBIT) |
(197,720,000) |
|
Earnings Before Interest, Taxes, Depreciation And Amortization
(EBITDA) |
(197,614,000) |
|
BALANCE SHEET ITEMS |
|
|
Total Borrowings |
667,422,000 |
|
Total Liabilities |
1,291,530,000 |
|
Total Assets |
1,339,773,000 |
|
Net Assets |
48,340,000 |
|
Net Assets Backing |
48,243,000 |
|
Shareholders' Funds |
48,243,000 |
|
Total Share Capital |
200,000,000 |
|
Total Reserves |
(151,757,000) |
|
GROWTH RATIOS (Year on Year) |
|
|
Revenue |
- |
|
Proft/(Loss) Before Tax |
- |
|
Proft/(Loss) After Tax |
- |
|
Total Assets |
- |
|
Total Liabilities |
- |
|
LIQUIDITY (Times) |
|
|
Cash Ratio |
0.07 |
|
Liquid Ratio |
0.78 |
|
Current Ratio |
1.00 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
Stock Ratio |
16 |
|
Debtors Ratio |
24 |
|
Creditors Ratio |
2,323 |
|
SOLVENCY RATIOS (Times) |
|
|
Gearing Ratio |
13.83 |
|
Liabilities Ratio |
26.77 |
|
Times Interest Earned Ratio |
(87.10) |
|
Assets Backing Ratio |
0.24 |
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
(2.99) |
|
Net Profit Margin |
(2.27) |
|
Return On Net Assets |
(409.02) |
|
Return On Capital Employed |
(400.58) |
|
Return On Shareholders' Funds/Equity |
(314.57) |
|
Dividend Pay Out Ratio (Times) |
0 |
|
NOTES TO ACCOUNTS |
|
|
Contingent Liabilities |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.48 |
|
|
1 |
INR 86.41 |
|
Euro |
1 |
INR 76.54 |
|
MYR |
1 |
INR 15.80 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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.