|
|
|
MIRA INFORM REPORT
|
Report No. : |
485850 |
|
Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SINERGI PASTI SDN. BHD. |
|
|
|
|
Registered Office : |
Lot 407C Kompleks Diamond, Bangi Business Park, 43650 Bandar Baru
Bangi, Selangor |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Date of Incorporation : |
05.02.2015 |
|
|
|
|
Com. Reg. No.: |
1130201-W |
|
|
|
|
Legal Form : |
Private Limited (Limited by Share) |
|
|
|
|
Line of Business : |
Trading of household, consumer goods, electrical appliances, baby and
infant products and others. |
|
|
|
|
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 (30.06.2017) |
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. |
: |
1130201-W |
|
COMPANY
NAME |
: |
SINERGI
PASTI SDN. BHD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
05/02/2015 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
LOT
407C KOMPLEKS DIAMOND, BANGI BUSINESS PARK, 43650 BANDAR BARU BANGI,
SELANGOR, MALAYSIA. |
|
BUSINESS
ADDRESS |
: |
NO.
28, JALAN PP 15/7, LA COTTAGE PUTRA PERDANA, PUCHONG SELANGOR, KAJANG,, 43000
KAJANG, SELANGOR, MALAYSIA. |
|
TEL.NO. |
: |
N/A |
|
FAX.NO. |
: |
N/A |
|
MOBILE
NO. |
: |
0162186729 |
|
CONTACT
PERSON |
: |
TINAKARAN
A/L KANESAN ( DIRECTOR ) |
|
INDUSTRY
CODE |
: |
46499
|
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF HOUSEHOLD, CONSUMER GOODS, ELECTRICAL APPLIANCES, BABY AND INFANT PRODUCTS
AND OTHERS. |
|
AUTHORISED
CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
1,000,000.00 DIVIDED INTO |
|
SALES |
: |
N/A |
|
NET
WORTH |
: |
N/A |
|
STAFF
STRENGTH |
: |
5
[2018] |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER
CHECK |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
N/A |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
MODERATE |
|
CURRENCY
EXPOSURE |
: |
MODERATE |
|
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 household, consumer goods, electrical appliances, baby and
infant products and others.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
24/02/2015 |
MYR
1,000,000.00 |
MYR
1,000,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR.
TINAKARAN A/L KANESAN + |
NO.28
PP 15 / 7, TAMAN PUTRA PERDANA, 47100 PUCHONG, SELANGOR, MALAYSIA. |
821024-10-5869 |
900,000.00 |
90.00 |
|
MS.
JANAGI A/P SIVANANDAN + |
NO.28
PP 15 / 7, TAMAN PUTRA PERDANA, 47100 PUCHONG, SELANGOR, MALAYSIA. |
860403-56-6480 |
100,000.00 |
10.00 |
|
--------------- |
------ |
|||
|
1,000,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
DIRECTOR
1
|
Name
Of Subject |
: |
MS.
JANAGI A/P SIVANANDAN |
|
Address |
: |
NO.28
PP 15 / 7, TAMAN PUTRA PERDANA, 47100 PUCHONG, SELANGOR, MALAYSIA. |
|
New
IC No |
: |
860403-56-6480 |
|
Date
of Birth |
: |
03/04/1986 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
05/02/2015 |
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 |
1130201W |
SINERGI
PASTI SDN. BHD. |
Director |
05/02/2015 |
100,000.00 |
10.00 |
- |
- |
- |
26/12/2017 |
DIRECTOR
2
|
Name
Of Subject |
: |
MR.
TINAKARAN A/L KANESAN |
|
Address |
: |
NO.28
PP 15 / 7, TAMAN PUTRA PERDANA, 47100 PUCHONG, SELANGOR, MALAYSIA. |
|
New
IC No |
: |
821024-10-5869 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
05/02/2015 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
see
below |
|
Former
interest |
: |
none
in our databank |
INTEREST
IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As
At |
|
|
No. |
% |
|||||||||
|
1 |
1130201W |
SINERGI
PASTI SDN. BHD. |
Director |
05/02/2015 |
900,000.00 |
90.00 |
- |
- |
- |
26/12/2017 |
|
2 |
514617U |
TINAKARAN
CONSTRUCTION (M) SDN. BHD. |
Director |
21/03/2016 |
0.00 |
- |
MYR(5,117.00) |
2016 |
- |
26/12/2017 |
INTEREST IN BUSINESS
|
No |
Local
No |
Business |
Designation |
App
Date |
Shareholding
(%) |
Status |
As
At |
|
1 |
001961547A |
PERSADAA
IMPIANA |
PARTNERSHIP |
24/06/2010 |
6.00 |
- |
26/12/2017 |
|
2 |
001937547W |
SRIMEX
ENTERPRISE |
PARTNERSHIP |
22/03/2010 |
50.00 |
- |
26/12/2017 |
MANAGEMENT
|
1)
|
Name
of Subject |
: |
TINAKARAN
A/L KANESAN |
|
Position |
: |
DIRECTOR |
AUDITOR
No Auditor found in our databank
COMPANY
SECRETARIES
|
1)
|
Company
Secretary |
: |
MS.
ROHAYA BINTI AWALLUDIN |
|
IC
/ PP No |
: |
A1624949 |
|
|
New
IC No |
: |
700830-03-5278 |
|
|
Address |
: |
NO.
26, JALAN 19, TAMAN KAJANG MEWAH, SG CHUA, 43000 KAJANG, SELANGOR, MALAYSIA. |
|
BANKING
No Banker found in our databank.
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 |
: |
YES |
|
Overseas |
: |
YES |
CLIENTELE
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
ASIA |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
Goods
Traded |
: |
HOUSEHOLD,
CONSUMER GOODS, ELECTRICAL APPLIANCES, BABY AND INFANT PRODUCTS AND OTHERS. |
|||||
|
Competitor(s) |
: |
DAIKI
ALUMINIUM INDUSTRY (MALAYSIA) SDN. BHD. |
|||||
|
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 household,
consumer goods, electrical appliances, baby and infant products and others.
The Subject sells consumer goods, infant, baby products and electrical
appliances.
CURRENT
INVESTIGATION
Latest
fresh investigations carried out on the Subject indicated that:
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
0162186729 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
NO.
28, JALAN PP 15/7, LA COTTAGE PUTRA PERDANA, PUCHONG SELANGOR, KAJANG,
SELANGOR, 43000, |
|
Current
Address |
: |
NO.
28, JALAN PP 15/7, LA COTTAGE PUTRA PERDANA, PUCHONG SELANGOR, KAJANG,, 43000
KAJANG, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest
Financial Accounts |
: |
NO |
|
|
||
Other
Investigations
We contacted the Director Mr. TINAKARAN and he provided some information.
He refused to disclose the fax number and bankers.
FINANCIAL
ANALYSIS
|
No
latest financial accounts are available at the Registry Office, thus 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 |
5.5 |
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 |
|||||
|
#
Based On Manufacturing Production Index
|
|||||
INDUSTRY
ANALYSIS
|
MSIC
CODE |
|
|
46499
: Wholesale of other household goods n.e.c. |
|
|
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
|
Incorporated in 2015, the Subject is a Private
Limited company, focusing on trading of household, consumer goods, electrical
appliances, baby and infant products and others. The Subject has been in
business for less than 5 years and it has slowly been building up contact
with its clients while competing in the industry. However, it has yet to
enjoy a stable market shares as it need to compete many well established
players in the same field. Presently, the issued and paid up capital of the
Subject stands at MYR 1,000,000. The Subject does not have strong
shareholders' backing. Without a strong shareholders' backing, the
opportunity of the Subject to expand its business is limited.
|
FINANCIAL
ACCOUNT
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.41 |
|
|
1 |
INR 87.18 |
|
Euro |
1 |
INR 77.45 |
|
MYR |
1 |
INR 16.11 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NIT |
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.