|
|
|
MIRA INFORM REPORT
|
Report No. : |
486063 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SIME DARBY FUTURES TRADING SDN BHD |
|
|
|
|
Formerly Known As : |
MANPOWER DEVELOPMENT CORPORATION (MALAYSIA) SDN. BHD |
|
|
|
|
Registered Office : |
Level 10, Main Block, Plantation Tower, No. 2, Jalan Pju 1a/7, Ara
Damansara, 47301 Petaling Jaya, Selangor, Malaysia. |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
30.06.2016 |
|
|
|
|
Date of Incorporation : |
28.12.1981 |
|
|
|
|
Com. Reg. No.: |
79537-A |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The
Subject is engaged in the trading of crude palm oil and palm oil products. |
|
|
|
|
No. of Employees : |
200 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
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. |
: |
79537-A |
||||
|
COMPANY
NAME |
: |
SIME
DARBY FUTURES TRADING SDN BHD |
||||
|
FORMER
NAME |
: |
MANPOWER
DEVELOPMENT CORPORATION (MALAYSIA) SDN. BHD. (14/09/1985) |
||||
|
INCORPORATION
DATE |
: |
28/12/1981 |
||||
|
COMPANY
STATUS |
: |
EXIST |
||||
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
||||
|
LISTED
STATUS |
: |
NO |
||||
|
REGISTERED
ADDRESS |
: |
LEVEL
10, MAIN BLOCK, PLANTATION TOWER, NO. 2, JALAN PJU 1A/7, ARA DAMANSARA, 47301
PETALING JAYA, SELANGOR, MALAYSIA. |
||||
|
BUSINESS
ADDRESS |
: |
MAIN
BLOCK, PLANTATION TOWER, 2, JALAN PJU 1A/7, ARA DAMANSARA, LEVEL 7, 47301
PETALING JAYA, SELANGOR, MALAYSIA. |
||||
|
TEL.NO. |
: |
03-78484000 |
||||
|
FAX.NO. |
: |
03-78484172 |
||||
|
WEB
SITE |
: |
WWW.SIMEDARBY.COM |
||||
|
CONTACT
PERSON |
: |
SHARIMAN
ALWANI BIN MOHAMED NORDIN ( DIRECTOR ) |
||||
|
INDUSTRY
CODE |
: |
46202
|
||||
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF CRUDE PALM OIL AND PALM OIL PRODUCTS |
||||
|
AUTHORISED
CAPITAL |
: |
MYR
50,000,000.00 DIVIDED INTO |
||||
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
50,000,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR
3,084,725,874 [2016] |
||||
|
NET
WORTH |
: |
MYR
236,240,009 [2016] |
||||
|
M1000
OVERALL RANKING |
: |
621[2011] |
||||
|
M1000
INDUSTRY RANKING |
: |
32[2011] |
||||
|
STAFF
STRENGTH |
: |
200
[2018] |
||||
|
||||||
|
LITIGATION |
: |
TRACED |
||||
|
DEFAULTER
CHECK |
: |
CLEAR |
||||
|
FINANCIAL
CONDITION |
: |
FAIR |
||||
|
PAYMENT |
: |
REGULAR |
||||
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
||||
|
COMMERCIAL
RISK |
: |
LOW |
||||
|
CURRENCY
EXPOSURE |
: |
MODERATE |
||||
|
GENERAL
REPUTATION |
: |
GOOD |
||||
|
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 crude palm oil
and palm oil products.
The
Subject is not listed on Bursa Malaysia (Malaysia Stock Exchange).
|
According
to the Malaysia 1000 publication, the Subject's ranking are as follows: |
|||
|
YEAR |
2011 |
||
|
OVERALL
RANKING |
621 |
||
|
INDUSTRY
RANKING |
32 |
||
The
immediate holding company of the Subject is SIME DARBY PLANTATION SDN. BHD., a
company incorporated in MALAYSIA.
The
ultimate holding company of the Subject is YAYASAN PELABURAN BUMIPUTRA, a
company incorporated in MALAYSIA.
The
intermediate holding company of the Subject is SIME DARBY BERHAD, a company
incorporated in MALAYSIA.
Former
Address(es)
|
Address |
As
At Date |
|
4TH
FLOOR, WISMA CONSPLANT 1, 2, JALAN SS 16/4, 47500, SELANGOR, MALAYSIA |
17/09/2012 |
|
6TH
FLOOR, WISMA SIME DARBY, JALAN RAJA LAUT, 50350, WILAYAH PERSEKUTUAN,
MALAYSIA |
25/05/1994 |
Share
Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
01/07/2010 |
MYR
50,000,000.00 |
MYR
50,000,000.00 |
|
07/11/1995 |
MYR
2,000,000.00 |
MYR
2,000,000.00 |
The
major shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
SIME
DARBY PLANTATION SDN. BHD. |
LEVEL
3, MAIN BLOCK, PLANTATION TOWER, NO.2, JALAN PJU 1A/7, ARA DAMANSARA, 47301
PETALING JAYA, SELANGOR, MALAYSIA. |
647766V |
50,000,000.00 |
100.00 |
|
--------------- |
------ |
|||
|
50,000,000.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
Former
Shareholder(s) :
|
Name |
Country |
IC/PP/Loc
No |
Shareholding |
Last
Updated |
|
SIME
DARBY NOMINEES SDN.BHD. |
MALAYSIA |
19350K |
2,000,000.00 |
N/A |
DIRECTORS
|
DIRECTOR
1
|
Name
Of Subject |
: |
MR.
SHARIMAN ALWANI BIN MOHAMED NORDIN |
|
Address |
: |
151-2-2,
MENARA DUTA, JALAN DUTAMAS RAYA, SEGAMBUT, 51200 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
IC
/ PP No |
: |
A1366525 |
|
New
IC No |
: |
690921-03-5365 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
10/02/2014 |
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 |
63112D |
EMERY
OLEOCHEMICALS (M) SDN. BHD. |
Director |
27/02/2014 |
0.00 |
- |
MYR(28,663,000.00) |
2016 |
- |
26/12/2017 |
|
2 |
1026094X |
EMERY
SPECIALTY CHEMICALS SDN. BHD. |
Director |
27/02/2014 |
0.00 |
- |
MYR(34,154.00) |
2016 |
- |
26/12/2017 |
|
3 |
767397X |
EMINENT
PLATFORM SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR315,655.00 |
2016 |
Winding-Up
by Member Voluntary |
26/12/2017 |
|
4 |
2548U |
GUTHRIE
INDUSTRIES MALAYSIA SENDIRIAN BERHAD |
Director |
10/02/2014 |
0.00 |
- |
MYR(3,663,023.00) |
2016 |
- |
26/12/2017 |
|
5 |
572673T |
NESCAYA
MALURI SDN. BHD. |
Director |
27/02/2014 |
0.00 |
- |
MYR156,781.00 |
2016 |
- |
26/12/2017 |
|
6 |
179452X |
SANGUINE
(MALAYSIA) SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR214,550,547.00 |
2016 |
- |
26/12/2017 |
|
7 |
160308V |
SIME
DARBY AUSTRAL SDN. BHD. |
Director |
20/06/2014 |
0.00 |
- |
MYR4,769,123.00 |
2016 |
- |
26/12/2017 |
|
8 |
305519W |
SIME
DARBY BEVERAGES SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR(4,599,523.00) |
2016 |
- |
26/12/2017 |
|
9 |
189115D |
SIME
DARBY BIODIESEL SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR3,016,782.00 |
2016 |
- |
26/12/2017 |
|
10 |
752601V |
SIME
DARBY BUKIT TALANG SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR80,123.00 |
2016 |
- |
26/12/2017 |
|
11 |
772956W |
SIME
DARBY FOODS & BEVERAGES MARKETING SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR6,160,248.00 |
2016 |
- |
26/12/2017 |
|
12 |
79537A |
SIME
DARBY FUTURES TRADING SDN BHD |
Director |
10/02/2014 |
0.00 |
- |
MYR11,106,623.00 |
2016 |
- |
26/12/2017 |
|
13 |
1586T |
SIME
DARBY LATEX SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR78,222.00 |
2016 |
- |
26/12/2017 |
|
14 |
189067P |
SIME
DARBY PLANTATION INDONESIA SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
N/A |
2015 |
Disolved
by Member Voluntary |
26/12/2017 |
|
15 |
21025P |
SIME
DARBY PLANTATION IT SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR18,253,723.00 |
2016 |
- |
26/12/2017 |
|
16 |
560590X |
SIME
DARBY RESEARCH SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR6,937,403.00 |
2016 |
- |
26/12/2017 |
|
17 |
144603H |
SIME
DARBY SEEDS & AGRICULTURAL SERVICES SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR10,658,297.00 |
2016 |
- |
26/12/2017 |
|
18 |
237580K |
SIME
DARBY TECHNOLOGY CENTRE SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR1,372,643.00 |
2017 |
- |
26/12/2017 |
|
19 |
764919X |
SINCERE
OUTLOOK SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
MYR2,200.00 |
2014 |
Disolved
by Member Voluntary |
26/12/2017 |
|
20 |
819978H |
VERTICAL
DRIVE SDN. BHD. |
Director |
10/02/2014 |
0.00 |
- |
- |
- |
Winding-Up
by Member Voluntary |
26/12/2017 |
FORMER INTEREST
|
No |
Local
No |
Company |
Designation |
App
Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
777008W |
MALAYSIAN
INVESTOR RELATIONS ASSOCIATION BERHAD |
Director |
05/10/2009 |
12/02/2014 |
- |
- |
|
2 |
634470D |
SAHABAT
IKHTIAR FOOD SDN. BHD. |
Director |
10/02/2014 |
27/06/2014 |
- |
- |
|
3 |
676640D |
SAHABAT
IKHTIAR RETORT SDN. BHD. |
Director |
10/02/2014 |
27/06/2014 |
- |
- |
|
4 |
86904K |
SIME
DARBY AGRI-BIO SDN. BHD. |
Director |
10/02/2014 |
02/01/2015 |
- |
- |
|
5 |
160161K |
SIME
DARBY PLANTATION INTELLECTUAL PROPERTY SDN. BHD. |
Director |
10/02/2014 |
19/04/2016 |
- |
- |
DIRECTOR
2
|
Name
Of Subject |
: |
MS.
RENAKA A/P RAMACHANDRAN |
|
Address |
: |
NO.19,
JALAN ENDAH 6/7, 46000 PETALING JAYA, SELANGOR, MALAYSIA. |
|
New
IC No |
: |
671005-10-6080 |
|
Date
of Birth |
: |
05/10/1967 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
24/08/2011 |
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 |
6934T |
BARLOW
BULKING SDN. BHD. |
Director |
18/11/2011 |
0.00 |
- |
MYR272,633.00 |
2016 |
- |
26/12/2017 |
|
2 |
63112D |
EMERY
OLEOCHEMICALS (M) SDN. BHD. |
Director |
06/09/2011 |
0.00 |
- |
MYR(28,663,000.00) |
2016 |
- |
26/12/2017 |
|
3 |
1026094X |
EMERY
SPECIALTY CHEMICALS SDN. BHD. |
Director |
29/11/2012 |
0.00 |
- |
MYR(34,154.00) |
2016 |
- |
26/12/2017 |
|
4 |
767397X |
EMINENT
PLATFORM SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR315,655.00 |
2016 |
Winding-Up
by Member Voluntary |
26/12/2017 |
|
5 |
211709V |
GOLDEN
HOPE OVERSEAS SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR(5,589.00) |
2016 |
- |
26/12/2017 |
|
6 |
2548U |
GUTHRIE
INDUSTRIES MALAYSIA SENDIRIAN BERHAD |
Director |
24/08/2011 |
0.00 |
- |
MYR(3,663,023.00) |
2016 |
- |
26/12/2017 |
|
7 |
25515H |
KUMPULAN
JELEI SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR(11,562,385.00) |
2016 |
- |
26/12/2017 |
|
8 |
647714X |
MYBIOMASS
SDN. BHD. |
Director |
02/01/2015 |
0.00 |
- |
MYR(973,529.00) |
2016 |
- |
26/12/2017 |
|
9 |
841401H |
NATURE
AMBIENCE SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
N/A |
2016 |
Winding-Up
by Member Voluntary |
26/12/2017 |
|
10 |
179452X |
SANGUINE
(MALAYSIA) SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR214,550,547.00 |
2016 |
- |
26/12/2017 |
|
11 |
86904K |
SIME
DARBY AGRI-BIO SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR10,078,653.00 |
2016 |
- |
26/12/2017 |
|
12 |
160308V |
SIME
DARBY AUSTRAL SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR4,769,123.00 |
2016 |
- |
26/12/2017 |
|
13 |
305519W |
SIME
DARBY BEVERAGES SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR(4,599,523.00) |
2016 |
- |
26/12/2017 |
|
14 |
189115D |
SIME
DARBY BIODIESEL SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR3,016,782.00 |
2016 |
- |
26/12/2017 |
|
15 |
189028K |
SIME
DARBY BIOGANIC SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
N/A |
2016 |
Winding-Up
by Member Voluntary |
26/12/2017 |
|
16 |
752601V |
SIME
DARBY BUKIT TALANG SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR80,123.00 |
2016 |
- |
26/12/2017 |
|
17 |
340418U |
SIME
DARBY CONSULTING SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR2,248,692.00 |
2017 |
- |
26/12/2017 |
|
18 |
772956W |
SIME
DARBY FOODS & BEVERAGES MARKETING SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR6,160,248.00 |
2016 |
- |
26/12/2017 |
|
19 |
79537A |
SIME
DARBY FUTURES TRADING SDN BHD |
Director |
24/08/2011 |
0.00 |
- |
MYR11,106,623.00 |
2016 |
- |
26/12/2017 |
|
20 |
868375W |
SIME
DARBY JULAU PLANTATION SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
N/A |
2016 |
Winding-Up
by Member Voluntary |
26/12/2017 |
|
21 |
20389P |
SIME
DARBY KEMPAS SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR15,148,000.00 |
2016 |
- |
26/12/2017 |
|
22 |
1586T |
SIME
DARBY LATEX SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR78,222.00 |
2016 |
- |
26/12/2017 |
|
23 |
29959V |
SIME
DARBY PLANTATION (SABAH) SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR58,508,000.00 |
2016 |
- |
26/12/2017 |
|
24 |
179365M |
SIME
DARBY PLANTATION (SARAWAK) SDN BHD |
Director |
24/08/2011 |
0.00 |
- |
MYR26,106,000.00 |
2016 |
- |
26/12/2017 |
|
25 |
189067P |
SIME
DARBY PLANTATION INDONESIA SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
N/A |
2015 |
Disolved
by Member Voluntary |
26/12/2017 |
|
26 |
160161K |
SIME
DARBY PLANTATION INTELLECTUAL PROPERTY SDN. BHD. |
Director |
18/04/2016 |
0.00 |
- |
MYR(15,140.00) |
2016 |
- |
26/12/2017 |
|
27 |
21025P |
SIME
DARBY PLANTATION IT SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR18,253,723.00 |
2016 |
- |
26/12/2017 |
|
28 |
208712K |
SIME
DARBY PLANTATION THAILAND SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR2,289,054.00 |
2016 |
- |
26/12/2017 |
|
29 |
560590X |
SIME
DARBY RESEARCH SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR6,937,403.00 |
2016 |
- |
26/12/2017 |
|
30 |
144603H |
SIME
DARBY SEEDS & AGRICULTURAL SERVICES SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR10,658,297.00 |
2016 |
- |
26/12/2017 |
|
31 |
237580K |
SIME
DARBY TECHNOLOGY CENTRE SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR1,372,643.00 |
2017 |
- |
26/12/2017 |
|
32 |
764919X |
SINCERE
OUTLOOK SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
MYR2,200.00 |
2014 |
Disolved
by Member Voluntary |
26/12/2017 |
|
33 |
7358K |
THE
CHINA ENGINEERS (MALAYSIA) SDN BHD |
Director |
24/08/2011 |
0.00 |
- |
MYR23,890,000.00 |
2016 |
- |
26/12/2017 |
|
34 |
819978H |
VERTICAL
DRIVE SDN. BHD. |
Director |
24/08/2011 |
0.00 |
- |
- |
- |
Winding-Up
by Member Voluntary |
26/12/2017 |
FORMER INTEREST
|
No |
Local
No |
Company |
Designation |
App
Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
201606P |
PDP
O&M SDN. BHD. |
Director |
24/08/2011 |
28/02/2014 |
- |
- |
|
2 |
634470D |
SAHABAT
IKHTIAR FOOD SDN. BHD. |
Director |
24/08/2011 |
27/06/2014 |
- |
- |
|
3 |
676640D |
SAHABAT
IKHTIAR RETORT SDN. BHD. |
Director |
24/08/2011 |
27/06/2014 |
- |
- |
|
4 |
1084243U |
SIME
DARBY TNBES RENEWABLE ENERGY SDN. BHD. |
Director |
11/03/2014 |
12/10/2015 |
- |
- |
|
5 |
134261D |
WANGSA
MUJUR SDN. BHD. |
Director |
24/08/2011 |
10/10/2011 |
- |
- |
DIRECTOR
3
|
Name
Of Subject |
: |
MR.
MOHD HARIS BIN MOHD ARSHAD |
|
Address |
: |
NO.1,
LORONG KIRI 4, JALAN KERAMAT, 54000 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
IC
/ PP No |
: |
A2200843 |
|
New
IC No |
: |
720728-14-5639 |
|
Date
of Birth |
: |
28/07/1972 |
|
Nationality |
: |
MALAYSIAN |
|
Date
of Appointment |
: |
02/08/2016 |
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 |
1066625H |
ECOTUNE
SDN. BHD. |
Shareholder |
- |
400,000.00 |
40.00 |
- |
- |
- |
29/05/2017 |
|
2 |
63112D |
EMERY
OLEOCHEMICALS (M) SDN. BHD. |
Director |
18/11/2015 |
0.00 |
- |
MYR(28,663,000.00) |
2016 |
- |
26/12/2017 |
|
3 |
1026094X |
EMERY
SPECIALTY CHEMICALS SDN. BHD. |
Director |
18/11/2015 |
0.00 |
- |
MYR(34,154.00) |
2016 |
- |
26/12/2017 |
|
4 |
767397X |
EMINENT
PLATFORM SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
MYR315,655.00 |
2016 |
Winding-Up
by Member Voluntary |
26/12/2017 |
|
5 |
211709V |
GOLDEN
HOPE OVERSEAS SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
MYR(5,589.00) |
2016 |
- |
26/12/2017 |
|
6 |
25515H |
KUMPULAN
JELEI SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
MYR(11,562,385.00) |
2016 |
- |
26/12/2017 |
|
7 |
160308V |
SIME
DARBY AUSTRAL SDN. BHD. |
Director |
20/06/2014 |
0.00 |
- |
MYR4,769,123.00 |
2016 |
- |
26/12/2017 |
|
8 |
189115D |
SIME
DARBY BIODIESEL SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
MYR3,016,782.00 |
2016 |
- |
26/12/2017 |
|
9 |
189028K |
SIME
DARBY BIOGANIC SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
N/A |
2016 |
Winding-Up
by Member Voluntary |
26/12/2017 |
|
10 |
340418U |
SIME
DARBY CONSULTING SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
MYR2,248,692.00 |
2017 |
- |
26/12/2017 |
|
11 |
79537A |
SIME
DARBY FUTURES TRADING SDN BHD |
Director |
02/08/2016 |
0.00 |
- |
MYR11,106,623.00 |
2016 |
- |
26/12/2017 |
|
12 |
20389P |
SIME
DARBY KEMPAS SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
MYR15,148,000.00 |
2016 |
- |
26/12/2017 |
|
13 |
56043K |
SIME
DARBY OILS & FATS SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
MYR(21,208.00) |
2016 |
- |
26/12/2017 |
|
14 |
189067P |
SIME
DARBY PLANTATION INDONESIA SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
N/A |
2015 |
Disolved
by Member Voluntary |
26/12/2017 |
|
15 |
21025P |
SIME
DARBY PLANTATION IT SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
MYR18,253,723.00 |
2016 |
- |
26/12/2017 |
|
16 |
208712K |
SIME
DARBY PLANTATION THAILAND SDN. BHD. |
Director |
16/06/2014 |
0.00 |
- |
MYR2,289,054.00 |
2016 |
- |
26/12/2017 |
FORMER INTEREST
|
No |
Local
No |
Company |
Designation |
App
Date |
Withdrawn
Date |
Shareholding |
Status |
|
1 |
578027V |
ASIAN
PUBLIC RELATIONS ACADEMY SDN. BHD. |
Director |
03/10/2011 |
08/07/2014 |
- |
- |
|
2 |
578027V |
ASIAN
PUBLIC RELATIONS ACADEMY SDN. BHD. |
Shareholder |
- |
- |
1500.00 |
- |
|
3 |
1066625H |
ECOTUNE
SDN. BHD. |
Director |
22/11/2013 |
04/05/2017 |
- |
- |
FORMER
DIRECTOR(S)
|
|
Name |
Address |
IC/PP
No |
Appointed
Date |
Withdrawn
Date |
|
ZAHAR
BIN MOHD SHARIFF |
33,PERSIARAN
BURHANUDDIN HELMI, TMN.TUN DR.ISMAIL, K.L., KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA |
440525-05-5063 |
31/10/1992 |
26/05/2000 |
|
TONG
POH KEOW |
2,
JALAN SS21/21, DAMANSARA UTAMA, PETALING JAYA, SELANGOR, MALAYSIA |
541110-01-5310 |
27/11/2007 |
25/09/2008 |
|
SYED
TAMIM ANSARI BIN SYED MOHAMED |
5,
LORONG BRUAS KIRI, BUKIT DAMANSARA, KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA |
480111-07-5263 |
25/10/2000 |
27/02/2002 |
|
SYED
FAHKRI BARAKBAH BIN SYED SHEH BARAKBAH DATO' |
460805025481 |
01/04/1993 |
06/05/1998 |
|
|
RAMACHANDRAN
A/L M.PARAMESWARA MENON |
45,JALAN
DESA DAMAI, TMN.DESA,JALAN KLANG, KUALA LUMPUR., KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA |
400414-10-5025 |
27/09/1985 |
15/12/1998 |
|
NG
SWEE KONG |
6,JALAN
USJ 11/2H, SUBANG JAYA, SUBANG JAYA, SELANGOR, MALAYSIA |
490930-10-5699 |
15/12/1998 |
01/03/2005 |
|
MUSTAMIR
BIN MOHAMAD |
NO.9,
JALAN ARA SD 7/1B, BANDAR SRI DAMANSARA, KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA |
720518-10-5399 |
24/08/2011 |
10/02/2014 |
|
MOHD
HAIRUL BIN ABDUL HAMID |
NO.4,
JALAN PLATINUM 7/43D, SEKSYEN 7, SHAH ALAM, SELANGOR, MALAYSIA |
700729-10-6369 |
25/09/2008 |
25/08/2011 |
|
MARTIN
SMITH BERRY |
4,JALAN
BUKIT TUNKU, KUALA LUMPUR., KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
740111465 |
01/11/1985 |
30/06/1997 |
|
FRANCIS
ANTHONY |
8B-1-7
PRIMA DAMANSARA, 8 JALAN CHEMPENAI, DAMANSARA HEIGHTS, KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA |
461214-10-5193 |
01/08/2000 |
31/10/2002 |
|
HONG
AI CHIN |
29
JALAN 1/4, PETALING JAYA, PETALING JAYA, SELANGOR, MALAYSIA |
561110-10-6552 |
30/10/2002 |
27/11/2007 |
|
HO
EE LAY |
78,
JALAN SL 4/3, BANDAR SUNGAI LONG, KAJANG, SELANGOR, MALAYSIA |
621217-07-5516 |
10/11/2006 |
27/11/2006 |
|
AZHAR
BIN ABDUL HAMID DATUK WA |
NO.
50, JALAN TITIAN U8/41, BUKIT JELUTONG, SHAH ALAM, SELANGOR, MALAYSIA |
610427-71-5477 |
27/11/2007 |
01/09/2010 |
|
ALAN
HAMZAH SENDUT |
1601,
DESA KUDALARI, LORONG KUDA, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
600311-10-6849 |
01/07/2005 |
10/11/2006 |
|
ABDUL
SHUKOR BIN NAGOR |
NO.54,JALAN
SS 1/38A, PETALING JAYA, SELANGOR., PETALING JAYA, SELANGOR, MALAYSIA |
431025-01-5167 |
01/10/1993 |
25/10/2000 |
|
JASNI
BIN MUHAMAD |
NO
7 JALAN PJU 1A/24B, ARA DAMANSARA, PETALING JAYA, SELANGOR, MALAYSIA |
610323-03-5135 |
28/02/2005 |
02/08/2016 |
Note
: The above information was generated from our database.
MANAGEMENT
|
|
1)
|
Name
of Subject |
: |
SHARIMAN
ALWANI BIN MOHAMED NORDIN |
|
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.
AZRIN NASHIHA BINTI ABDUL AZIZ |
|
IC
/ PP No |
: |
A1987809 |
|
|
New
IC No |
: |
720603-08-5564 |
|
|
Address |
: |
2
JALAN TUN TEJA 35/24, ALAM IMPIAN, 40470 SHAH ALAM, SELANGOR, MALAYSIA. |
|
|
2)
|
Company
Secretary |
: |
MS.
NORHELZA BINTI UJANG |
|
New
IC No |
: |
710520-04-5058 |
|
|
Address |
: |
SA2-7-2,
VISTA ALAM, JALAN IKTISAS 14/1, SEKSYEN 14, 40000 SHAH ALAM, SELANGOR,
MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1)
|
Name |
: |
CIMB
BANK 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.
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 |
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL
PAYMENT HABIT |
||||||||||||||
|
Prompt
0-30 Days |
[ |
] |
Good
31-60 Days |
[ |
] |
Average
61-90 Days |
[ |
X |
] |
|||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
MALAYSIA |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
ASIA |
|||
|
Credit
Term |
: |
30
- 60 DAYS |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
|
|||||
|
Competitor(s) |
: |
|
|||||
|
Ownership
of premises |
: |
|
|
Total
Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
2015 |
2014 |
||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
200 |
200 |
120 |
120 |
100 |
||||
|
Branch |
: |
|
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of crude palm
oil and palm oil products.
The Subject is part of the Sime Darby Group which its dealing in trading and
marketing of the palm oil products.
We were informed that the Subject's products are divided into two categories as
palm products and lauric products.
The Subject's Palm products are Fresh fruit bunches (FFB), Crude palm oil,
Crude palm olein, Refined Bleached Deodorised Palm Olein, Refined Bleached
Deodorised Palm Oil, Refined Bleached Deodorised Palm Stearin, Palm Fatty Acid
Distillate, Palm Acid Oil and etc.
The Subject's Lauric products are Palm kernel, Crude palm kernel oil, Refined
Bleached Deodorised Palm Kernel Olein, Refined Bleached Deodorised Palm Kernel
Oil, Refined Bleached Deodorised Palm Kernel Stearin, Palm Kernel Fatty Acid
Distillate and etc.
The products offered by the Subject range from bulk produce to bulk &
packed refined products and specialized refined products, which includes other
edible oils, sustainable palm products (RSPO)and International Sustainable
Carbon Certified Certification (ISCC) products.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
03-78484000 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
LEVEL
7, MAIN BLOCK, PLANTATION TPWERS, 2 JALAN PJU 1A/7, ARA, DAMANSARA, 47301
PETALING JAYA |
|
Current
Address |
: |
MAIN
BLOCK, PLANTATION TOWER, 2, JALAN PJU 1A/7, ARA DAMANSARA, LEVEL 7, 47301
PETALING JAYA, SELANGOR, MALAYSIA. |
|
Match |
: |
NO |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
We contacted one of the staff from the Subject and she provided some
information on the Subject.
The address is as per stated in the report.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2012
- 2016 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
2012
- 2016 |
] |
|
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
4.70% |
] |
|
|
Return
on Net Assets |
: |
Unfavourable |
[ |
6.81% |
] |
|
|
The
Subject's turnover increased steadily as the demand for its products /
services increased due to the goodwill built up over the years.The Subject's
profit fell sharply because of the high operating costs incurred. The
unfavourable return on shareholders' funds could indicate that the Subject
was inefficient in utilising its assets to generate returns. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Favourable |
[ |
3
Days |
] |
|
|
Debtor
Ratio |
: |
Favourable |
[ |
27
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
0
Days |
] |
|
|
The
Subject's stocks were moving fast thus reducing its holding cost. This had
reduced funds being tied up in stocks. The favourable debtors' days could be due
to the good credit control measures implemented by the Subject. The Subject
had a favourable creditors' ratio where the Subject could be taking advantage
of the cash discounts and also wanting to maintain goodwill with its
creditors. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Favourable |
[ |
2.69
Times |
] |
|
|
Current
Ratio |
: |
Favourable |
[ |
2.88
Times |
] |
|
|
A
minimum liquid ratio of 1 should be maintained by the Subject in order to assure
its creditors of its ability to meet short term obligations and the Subject
was in a good liquidity position. Thus, we believe the Subject is able to
meet all its short term obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest
Cover |
: |
Nil |
[ |
0.00
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.00
Times |
] |
|
|
The
Subject's interest cover was nil as it did not pay any interest during the year.
The Subject had no gearing and hence it had virtually no financial risk. The
Subject was financed by its shareholders' funds and internally generated
fund. During the economic downturn, the Subject, having a zero gearing, will
be able to compete better than those which are highly geared in the same
industry. |
||||||
|
Overall
Assessment : |
||||||
|
Although
the Subject's turnover had increased, its profits had declined over the same corresponding
period. This could be due to the stiffer market competition and / or higher
operating costs which lowered the Subject's profit margin. The Subject was in
good liquidity position with its total current liabilities well covered by
its total current assets. With its current net assets, the Subject should be
able to repay its short term obligations. The Subject did not make any
interest payment during the year. The Subject was dependent on its
shareholders' funds to finance its business needs. The Subject was a zero
gearing company, it was solely dependant on its shareholders to provide funds
to finance its business. The Subject has good chance of getting loans, if the
needs arises. |
||||||
|
Overall
financial condition of the Subject : FAIR |
||||||
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 |
|
|
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
|
|
|
Financials
|
PROFIT
AND LOSS ACCOUNT |
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL
REPORTING STANDARDS(FRS) |
|
SIME
DARBY FUTURES TRADING SDN BHD |
|
Financial
Year End |
2016-06-30 |
2015-06-30 |
2014-06-30 |
2013-06-30 |
2012-06-30 |
|
Months |
12 |
12 |
12 |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
MYR |
MYR |
|
TURNOVER |
3,084,725,874 |
2,108,398,911 |
1,242,490,559 |
1,648,590,865 |
1,554,185,071 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
3,084,725,874 |
2,108,398,911 |
1,242,490,559 |
1,648,590,865 |
1,554,185,071 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
16,095,227 |
46,566,074 |
61,987,610 |
52,478,705 |
42,040,186 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
16,095,227 |
46,566,074 |
61,987,610 |
52,478,705 |
42,040,186 |
|
Taxation |
(4,988,604) |
(10,137,566) |
(16,880,586) |
(10,854,039) |
299,666 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
11,106,623 |
36,428,508 |
45,107,024 |
41,624,666 |
42,339,852 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As
previously reported |
174,292,020 |
137,863,512 |
92,756,488 |
51,131,822 |
31,291,970 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As
restated |
174,292,020 |
137,863,512 |
92,756,488 |
51,131,822 |
31,291,970 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
185,398,643 |
174,292,020 |
137,863,512 |
92,756,488 |
73,631,822 |
|
DIVIDENDS
- Ordinary (paid & proposed) |
- |
- |
- |
- |
(22,500,000) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
185,398,643 |
174,292,020 |
137,863,512 |
92,756,488 |
51,131,822 |
|
============= |
============= |
============= |
============= |
============= |
|
|
BALANCE
SHEET |
|
SIME
DARBY FUTURES TRADING SDN BHD |
|
Investments |
32 |
32 |
32 |
32 |
- |
|
Deferred
assets |
827,610 |
- |
126,431 |
988,992 |
1,794,017 |
|
Others |
- |
- |
- |
- |
32 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM INVESTMENTS/OTHER ASSETS |
827,642 |
32 |
126,463 |
989,024 |
1,794,049 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
827,642 |
32 |
126,463 |
989,024 |
1,794,049 |
|
Stocks |
23,518,824 |
2,572,147 |
7,583,853 |
3,150 |
72,741 |
|
Trade
debtors |
226,414,964 |
519,315,193 |
382,949,962 |
128,993,801 |
157,423,698 |
|
Other
debtors, deposits & prepayments |
15,815,483 |
20,990,973 |
12,799,289 |
3,887,870 |
2,313,211 |
|
Amount
due from holding company |
3,914,455 |
- |
- |
180,504,333 |
110,170,324 |
|
Amount
due from related companies |
84,894,070 |
73,556,753 |
84,586,706 |
79,841,889 |
135,475,373 |
|
Cash
& bank balances |
2,255,129 |
28,226,014 |
17,030,499 |
3,573,099 |
15,846,316 |
|
Others |
3,791,665 |
10,027,800 |
6,639,151 |
2,970,486 |
6,752,493 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
360,604,590 |
654,688,880 |
511,589,460 |
399,774,628 |
428,054,156 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
361,432,232 |
654,688,912 |
511,715,923 |
400,763,652 |
429,848,205 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||||
|
Trade
creditors |
1,860,837 |
59,475,378 |
- |
9,053,949 |
- |
|
Other
creditors & accruals |
15,911,044 |
19,979,860 |
9,301,753 |
4,646 |
6,449,379 |
|
Amounts
owing to holding company |
- |
224,103,999 |
1,293,928 |
- |
- |
|
Amounts
owing to related companies |
105,387,339 |
114,401,774 |
303,312,575 |
247,530,122 |
312,783,683 |
|
Provision
for taxation |
- |
- |
5,778,705 |
381,957 |
1,649,781 |
|
Other
liabilities |
1,928,321 |
13,084,914 |
4,033,241 |
3,866,940 |
10,843,528 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
125,087,541 |
431,045,925 |
323,720,202 |
260,837,614 |
331,726,371 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
235,517,049 |
223,642,955 |
187,869,258 |
138,937,014 |
96,327,785 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
236,344,691 |
223,642,987 |
187,995,721 |
139,926,038 |
98,121,834 |
|
============= |
============= |
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
|||||
|
Ordinary
share capital |
50,000,000 |
50,000,000 |
50,000,000 |
50,000,000 |
50,000,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
50,000,000 |
50,000,000 |
50,000,000 |
50,000,000 |
50,000,000 |
|
Retained
profit/(loss) carried forward |
185,398,643 |
174,292,020 |
137,863,512 |
92,756,488 |
51,131,822 |
|
Others |
841,366 |
(1,108,591) |
50,190 |
(2,853,001) |
(3,009,988) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
186,240,009 |
173,183,429 |
137,913,702 |
89,903,487 |
48,121,834 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
236,240,009 |
223,183,429 |
187,913,702 |
139,903,487 |
98,121,834 |
|
Deferred
taxation |
- |
305,043 |
- |
- |
- |
|
Retirement
benefits provision |
104,682 |
154,515 |
82,019 |
22,551 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
104,682 |
459,558 |
82,019 |
22,551 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
236,344,691 |
223,642,987 |
187,995,721 |
139,926,038 |
98,121,834 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCIAL
RATIO |
|
SIME
DARBY FUTURES TRADING SDN BHD |
|
TYPES
OF FUNDS |
|||||
|
Cash |
2,255,129 |
28,226,014 |
17,030,499 |
3,573,099 |
15,846,316 |
|
Net
Liquid Funds |
2,255,129 |
28,226,014 |
17,030,499 |
3,573,099 |
15,846,316 |
|
Net
Liquid Assets |
211,998,225 |
221,070,808 |
180,285,405 |
138,933,864 |
96,255,044 |
|
Net
Current Assets/(Liabilities) |
235,517,049 |
223,642,955 |
187,869,258 |
138,937,014 |
96,327,785 |
|
Net
Tangible Assets |
236,344,691 |
223,642,987 |
187,995,721 |
139,926,038 |
98,121,834 |
|
Net
Monetary Assets |
211,893,543 |
220,611,250 |
180,203,386 |
138,911,313 |
96,255,044 |
|
PROFIT
& LOSS ITEMS |
|||||
|
Earnings
Before Interest & Tax (EBIT) |
16,095,227 |
46,566,074 |
61,987,610 |
52,478,705 |
42,040,186 |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
16,095,227 |
46,566,074 |
61,987,610 |
52,478,705 |
42,040,186 |
|
BALANCE
SHEET ITEMS |
|||||
|
Total
Borrowings |
0 |
0 |
0 |
0 |
0 |
|
Total
Liabilities |
125,192,223 |
431,505,483 |
323,802,221 |
260,860,165 |
331,726,371 |
|
Total
Assets |
361,432,232 |
654,688,912 |
511,715,923 |
400,763,652 |
429,848,205 |
|
Net
Assets |
236,344,691 |
223,642,987 |
187,995,721 |
139,926,038 |
98,121,834 |
|
Net
Assets Backing |
236,240,009 |
223,183,429 |
187,913,702 |
139,903,487 |
98,121,834 |
|
Shareholders'
Funds |
236,240,009 |
223,183,429 |
187,913,702 |
139,903,487 |
98,121,834 |
|
Total
Share Capital |
50,000,000 |
50,000,000 |
50,000,000 |
50,000,000 |
50,000,000 |
|
Total
Reserves |
186,240,009 |
173,183,429 |
137,913,702 |
89,903,487 |
48,121,834 |
|
GROWTH
RATIOS (Year on Year) |
|||||
|
Revenue |
46.31 |
69.69 |
(24.63) |
6.07 |
(13.57) |
|
Proft/(Loss)
Before Tax |
(65.44) |
(24.88) |
18.12 |
24.83 |
31.89 |
|
Proft/(Loss)
After Tax |
(69.51) |
(19.24) |
8.37 |
(1.69) |
77.26 |
|
Total
Assets |
(44.79) |
27.94 |
27.69 |
(6.77) |
24.05 |
|
Total
Liabilities |
(70.99) |
33.26 |
24.13 |
(21.36) |
25.08 |
|
LIQUIDITY
(Times) |
|||||
|
Cash
Ratio |
0.02 |
0.07 |
0.05 |
0.01 |
0.05 |
|
Liquid
Ratio |
2.69 |
1.51 |
1.56 |
1.53 |
1.29 |
|
Current
Ratio |
2.88 |
1.52 |
1.58 |
1.53 |
1.29 |
|
WORKING
CAPITAL CONTROL (Days) |
|||||
|
Stock
Ratio |
3 |
0 |
2 |
0 |
0 |
|
Debtors
Ratio |
27 |
90 |
112 |
29 |
37 |
|
Creditors
Ratio |
0 |
10 |
0 |
2 |
0 |
|
SOLVENCY
RATIOS (Times) |
|||||
|
Gearing
Ratio |
0 |
0 |
0 |
0 |
0 |
|
Liabilities
Ratio |
0.53 |
1.93 |
1.72 |
1.86 |
3.38 |
|
Times
Interest Earned Ratio |
0 |
0 |
0 |
0 |
0 |
|
Assets
Backing Ratio |
4.73 |
4.47 |
3.76 |
2.80 |
1.96 |
|
PERFORMANCE
RATIO (%) |
|||||
|
Operating
Profit Margin |
0.52 |
2.21 |
4.99 |
3.18 |
2.70 |
|
Net
Profit Margin |
0.36 |
1.73 |
3.63 |
2.52 |
2.72 |
|
Return
On Net Assets |
6.81 |
20.82 |
32.97 |
37.50 |
42.84 |
|
Return
On Capital Employed |
6.81 |
20.82 |
32.97 |
37.50 |
42.84 |
|
Return
On Shareholders' Funds/Equity |
4.70 |
16.32 |
24.00 |
29.75 |
43.15 |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
0 |
0 |
0.53 |
|
NOTES
TO ACCOUNTS |
|||||
|
Contingent
Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.76 |
|
|
1 |
INR 89.91 |
|
Euro |
1 |
INR 78.20 |
|
MYR |
1 |
INR 16.22 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.