|
|
|
MIRA INFORM REPORT
|
Report No. : |
486233 |
|
Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANGRED MARKETING AND SERVICES SDN. BHD. |
|
|
|
|
Registered Office : |
1-1, Jalan 3/109e,
Jalan Desa, Desa Business Park, Taman Desa, Off Jalan Klang Lama, 58100 Kuala
Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.10.2016 |
|
|
|
|
Date of Incorporation : |
22.08.2013 |
|
|
|
|
Com. Reg. No.: |
1059262-U |
|
|
|
|
Legal Form : |
Private Limited
(Limited By Share) |
|
|
|
|
Line of Business : |
The Subject
is principally engaged in trading of timber. |
|
|
|
|
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 |
|
|
|
|
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. |
: |
1059262-U |
|
COMPANY
NAME |
: |
ANGRED
MARKETING AND SERVICES SDN. BHD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
22/08/2013 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
1-1,
JALAN 3/109E, JALAN DESA, DESA BUSINESS PARK, TAMAN DESA, OFF JALAN KLANG
LAMA, 58100 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
BUSINESS
ADDRESS |
: |
SUITE 212,
LEVEL 2, BLOCK B3, LEISURE COMMERCE SQUARE, JALAN PJS 8/9,, 46150 PETALING
JAYA, SELANGOR, MALAYSIA. |
|
TEL.NO. |
: |
N/A |
|
FAX.NO. |
: |
N/A |
|
MOBILE
NO. |
: |
0129205506 |
|
CONTACT
PERSON |
: |
ALFRED
A/L ANTHONYSAMY ( DIRECTOR ) |
|
INDUSTRY
CODE |
: |
46203 |
|
PRINCIPAL
ACTIVITY |
: |
TRADING
OF TIMBER |
|
AUTHORISED
CAPITAL |
: |
MYR
400,000.00 DIVIDED INTO |
|
ISSUED
AND PAID UP CAPITAL |
: |
MYR
250,000.00 DIVIDED INTO |
|
SALES |
: |
MYR
1,280,899 [2016] |
|
NET
WORTH |
: |
MYR
(29,303) [2016] |
|
STAFF
STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER
CHECK |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
POOR |
|
PAYMENT |
: |
SLOW |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
MODERATE |
|
CURRENCY
EXPOSURE |
: |
HIGH |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
MARGINAL
GROWTH |
HISTORY / BACKGROUND
|
The Subject is a private limited company and is
allowed to have a minimum of one and a maximum of forty-nine shareholders. As a
private limited company, the Subject shall have a minimum one director. A
private limited company is a separate legal entity from its shareholders. As a
separate legal entity, the Subject is capable of owning assets, entering into
contracts, sue or be sued by other companies. The liabilities of the
shareholders are to the extent of the equity they have taken up and the
creditors cannot claim on shareholders' personal assets even if the Subject is
insolvent. The Subject is governed by the Companies Act, 1965 and the company
must file its annual returns, together with its financial statements with the
Registrar of Companies.
The Subject is principally engaged in the (as a /
as an) trading of timber.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Share Capital History
|
Date |
Authorised
Shared Capital |
Issue
& Paid Up Capital |
|
20/03/2017 |
MYR
400,000.00 |
MYR
250,000.00 |
|
22/08/2013 |
MYR
400,000.00 |
MYR
10,000.00 |
The major
shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MR.
ALFRED A/L ANTHONYSAMY + |
22-0-A,
SD APARTMENT, PERSIARAN MERANTI, BANDAR SRI DAMANSARA, 52200 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
780721-05-5221 |
125,000.00 |
50.00 |
|
MS.
SUGUNESWARI A/P KRISHNAN + |
SUITE
209, LEVEL 2, BLOCK B3, LEISURE COMMERCE SQUARE, JALAN PJS 8/9, 46150 PETALING
JAYA, SELANGOR, MALAYSIA. |
740713-06-5140
A2975964 |
125,000.00 |
50.00 |
|
--------------- |
------ |
|||
|
250,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also
Director
DIRECTORS
|
DIRECTOR 1
|
Name Of
Subject |
: |
MR. ALFRED
A/L ANTHONYSAMY |
|
Address |
: |
22-0-A,
SD APARTMENT, PERSIARAN MERANTI, BANDAR SRI DAMANSARA, 52200 KUALA LUMPUR,
WILAYAH PERSEKUTUAN, MALAYSIA. |
|
New IC
No |
: |
780721-05-5221 |
|
Date of
Birth |
: |
21/07/1978 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
22/08/2013 |
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 |
1059262U |
ANGRED
MARKETING AND SERVICES SDN. BHD. |
Director |
22/08/2013 |
125,000.00 |
50.00 |
MYR(12,571.00) |
2016 |
- |
26/12/2017 |
|
2 |
904664K |
HALMAS
STARS SDN. BHD. |
Shareholder |
- |
40,000.00 |
10.00 |
MYR(2,050.00) |
2016 |
- |
26/12/2017 |
INTEREST IN BUSINESS
|
No |
Local
No |
Business |
Designation |
App
Date |
Shareholding
(%) |
Status |
As At |
|
1 |
001467260T |
CODEMASTERS
COMPUTER SHOP |
PARTNERSHIP |
18/06/2004 |
25.00 |
- |
26/12/2017 |
|
2 |
001235407K |
ON LINE
NET COM |
PARTNERSHIP |
18/06/2004 |
33.00 |
- |
26/12/2017 |
|
3 |
001384181P |
SAT COMPUTER |
PARTNERSHIP |
18/06/2004 |
11.00 |
- |
26/12/2017 |
DIRECTOR 2
|
Name Of
Subject |
: |
MS.
SUGUNESWARI A/P KRISHNAN |
|
Address |
: |
SUITE
209, LEVEL 2, BLOCK B3, LEISURE COMMERCE SQUARE, JALAN PJS 8/9, 46150
PETALING JAYA, SELANGOR, MALAYSIA. |
|
IC / PP
No |
: |
A2975964 |
|
New IC
No |
: |
740713-06-5140 |
|
Date of
Birth |
: |
13/07/1974 |
|
Nationality |
: |
MALAYSIAN |
|
Date of
Appointment |
: |
22/08/2013 |
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 |
1059262U |
ANGRED
MARKETING AND SERVICES SDN. BHD. |
Director |
22/08/2013 |
125,000.00 |
50.00 |
MYR(12,571.00) |
2016 |
- |
26/12/2017 |
INTEREST IN BUSINESS
|
No |
Local
No |
Business |
Designation |
App
Date |
Shareholding
(%) |
Status |
As At |
|
1 |
001892387D |
ANGRED
MARKETING AND SERVICES |
SOLE
PROPRIETORSHIP |
07/09/2009 |
100.00 |
- |
26/12/2017 |
|
2 |
IP0125177K |
SKKSM
ENTERPRISE |
SOLE
PROPRIETORSHIP |
18/06/2004 |
100.00 |
- |
26/12/2017 |
MANAGEMENT
|
|
1) |
Name of
Subject |
: |
ALFRED
A/L ANTHONYSAMY |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
GUNAMARAN |
|
Auditor'
Address |
: |
8-1
& 8-2, LEVEL 8, MENARA CIMB, 1, JALAN STESEN SENTRAL 2, KUALA LUMPUR SENTRAL,
50470 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
COMPANY SECRETARIES
|
|
1) |
Company
Secretary |
: |
MR.
SAHADEVAN A/L MUNUSAMY |
|
IC / PP
No |
: |
A1351536 |
|
|
New IC
No |
: |
690920-02-5923 |
|
|
Address |
: |
14, JALAN
1/5, PUSAT BANDAR PUTRA PERMAI, 43300 SERI KEMBANGAN, 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 |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its suppliers.
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 |
[ |
] |
||||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
X |
] |
||||||||
CLIENTELE
|
|
Local |
: |
NO |
|
||
|
|||||
|
Overseas |
: |
YES |
Percentage |
: |
100% |
|
Export
Market |
: |
INDIA |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
TELEGRAPHIC
TRANSFER (TT) |
|||
OPERATIONS
|
|
Goods
Traded |
: |
TIMBER |
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) trading of timber.
The Subject refused to disclose its operation.
CURRENT INVESTIGATION
|
Latest fresh
investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
0129205506 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
SUITE 212,
LEVEL 2, BLOCK B3, LEISURE COMMERCE SQAURE, JALAN PJS 8/9 46150 PETALING JAYA
SELANGOR |
|
Current
Address |
: |
SUITE
212, LEVEL 2, BLOCK B3, LEISURE COMMERCE SQUARE, JALAN PJS 8/9,, 46150
PETALING JAYA, SELANGOR, MALAYSIA. |
|
Match |
: |
YES |
|
Latest
Financial Accounts |
: |
YES |
Other
Investigations
We contacted the Director Mr Alfred and he provided some information.
He refused to disclose the fax number, bankers and employees.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
57.25% |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
(28.76%) |
] |
|
|
Return
on Shareholder Funds |
: |
Unfavourable |
[ |
42.90% |
] |
|
|
Return
on Net Assets |
: |
Unfavourable |
[ |
37.43% |
] |
|
|
The
shrinking turnover could be the result of more entrants into the market which
eroded the Subject's market share.The Subject could be more efficient in
controlling its operating costs and had managed to reduce its losses during
the year. Although the Subject's returns showed positive figures it is not
reflective of the true situation. The Subject incurred losses during the year
and its shareholders' funds have turned red. The positive returns on
shareholders' funds is the result of losses divided by negative shareholders'
funds. The Subject's management was inefficient in utilising the assets to
generate returns. |
||||||
|
Working
Capital Control |
||||||
|
Debtor
Ratio |
: |
Unfavourable |
[ |
82 Days |
] |
|
|
Creditors
Ratio |
: |
Unfavourable |
[ |
131
Days |
] |
|
|
The
high debtors' ratio could indicate that the Subject was weak in its credit
control. However, the Subject could also giving longer credit periods to its customers
in order to boost its sales or to capture / retain its market share. 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 |
: |
Acceptable |
[ |
0.90
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
0.90
Times |
] |
|
|
The
Subject's liquid ratio was slightly low. This could indicate that the
Subject's working capital was slightly deficient. The Subject will have to
improve its liquidity position either by obtaining short term financing or
increase its paid up capital so that it can 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 decreased, its losses also decreased during the year.
This could be the result of more efficient control in its operating costs.
The Subject's liquidity was at an acceptable range. If the Subject is able to
obtain further short term financing, it should be able to meet all 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 : 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 |
|||||
|
# Based
On Manufacturing Production Index |
|||||
INDUSTRY ANALYSIS
|
|
MSIC
CODE |
|
|
46203 :
Wholesale of lumber and timber |
|
|
INDUSTRY
: |
TRADING |
|
Malaysia's
retail sales will likely grow 3.7% in 2017, slower than previously estimated 3.9%,
as consumer sentiment remains weak amid rising cost of living in Southeast
Asia's third largest economy. |
|
|
The cut
in forecast was the second of such revision by Retail Group Malaysia, a
retail consulting firm, from an initial target of 5% retail sales expansion
pace in 2017. The estimate follows a survey of members of Malaysia Retailers
Association on their second quarter performance and outlook for the year.
Retail sales grew 1.7% in 2016. |
|
|
According
to Retail Group Malaysia (RGM), Malaysian retailers have seen the sales
expanded 4.9 % from April to June 2017, reversing a dismal performance in
first three months 2017. For the first six months 2016, the retail sale
growth rate was 2.5 %. However, the businesses in the next three months are
not optimistic, estimating an average growth rate of 2.9 %. The department
stores cum supermarket operators are expecting to return to red with a
contraction of 2.5 %. Similarly, the department store operators expect their
businesses to dip with a negative 1.5 %. |
|
|
The
rise of purchasing power will continue to fall behind the increase in prices
of retail goods. More retail goods are expected to raise prices because of
higher fuel prices in recent months. |
|
|
The wholesale
trade sub-sector index increased 5.9 % to 165.9 points year-on-year (y-o-y)
driven mainly by other specialised wholesale (7.5 %), wholesale of
agricultural raw materials and livestock (7.3 %) and wholesale of machinery,
equipment and supplies (6.2 %). |
|
|
Over
60% of Gross Domestic Product (GDP) is contributed by domestic consumption.
Therefore the wholesale and retail sector plays a crucial role in driving
Malaysia's growth over the next decade despite the ongoing global economic
slowdown. By 2020, Malaysia's wholesale and retail sector is expected to
boost the country's total Gross National Income (GNI) by RM156 billion,
creating 454,190 new jobs. |
|
|
OVERALL
INDUSTRY OUTLOOK : Marginal Growth |
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING
STANDARDS(FRS) |
|
ANGRED
MARKETING AND SERVICES SDN. BHD. |
|
Financial
Year End |
2016-10-31 |
2015-10-31 |
2014-08-31 |
|
Months |
12 |
14 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
FULL |
|
Currency |
MYR |
MYR |
MYR |
|
TURNOVER |
1,280,899 |
2,995,964 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
1,280,899 |
2,995,964 |
- |
|
Costs
of Goods Sold |
(1,000,713) |
(2,441,777) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
280,186 |
554,187 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
(10,443) |
(14,659) |
(5,780) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
(10,443) |
(14,659) |
(5,780) |
|
Taxation |
(2,128) |
(6,293) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
(12,571) |
(20,952) |
(5,780) |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||
|
As
previously reported |
(26,732) |
(5,780) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
As
restated |
(26,732) |
(5,780) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
(39,303) |
(26,732) |
(5,780) |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
(39,303) |
(26,732) |
(5,780) |
|
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||
|
DEPRECIATION
(as per notes to P&L) |
6,216 |
3,074 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Total
Amortization And Depreciation |
6,216 |
3,074 |
- |
|
============= |
============= |
||
|
|
|
|
|
BALANCE SHEET
|
|
ANGRED
MARKETING AND SERVICES SDN. BHD. |
|
ASSETS
EMPLOYED: |
|||
|
FIXED
ASSETS |
13,213 |
11,853 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
13,213 |
11,853 |
- |
|
Trade
debtors |
286,575 |
102,971 |
- |
|
Other debtors,
deposits & prepayments |
71,666 |
- |
7,600 |
|
Cash
& bank balances |
4,430 |
93,447 |
- |
|
Others |
- |
16,020 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
362,671 |
212,438 |
7,600 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
375,884 |
224,291 |
7,600 |
|
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||
|
Trade
creditors |
357,849 |
43,480 |
- |
|
Other
creditors & accruals |
44,224 |
28,159 |
3,380 |
|
Amounts
owing to director |
- |
163,091 |
- |
|
Provision
for taxation |
1,714 |
5,306 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
403,787 |
240,036 |
3,380 |
|
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
(41,116) |
(27,598) |
4,220 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
(27,903) |
(15,745) |
4,220 |
|
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
|||
|
Ordinary
share capital |
10,000 |
10,000 |
10,000 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
10,000 |
10,000 |
10,000 |
|
Retained
profit/(loss) carried forward |
(39,303) |
(26,732) |
(5,780) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
(39,303) |
(26,732) |
(5,780) |
|
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
(29,303) |
(16,732) |
4,220 |
|
Deferred
taxation |
1,400 |
987 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM LIABILITIES |
1,400 |
987 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
(27,903) |
(15,745) |
4,220 |
|
|
============= |
============= |
============= |
|
FINANCIAL RATIO
|
|
ANGRED
MARKETING AND SERVICES SDN. BHD. |
|
TYPES
OF FUNDS |
|||
|
Cash |
4,430 |
93,447 |
0 |
|
Net
Liquid Funds |
4,430 |
93,447 |
0 |
|
Net
Liquid Assets |
(41,116) |
(27,598) |
4,220 |
|
Net
Current Assets/(Liabilities) |
(41,116) |
(27,598) |
4,220 |
|
Net
Tangible Assets |
(27,903) |
(15,745) |
4,220 |
|
Net
Monetary Assets |
(42,516) |
(28,585) |
4,220 |
|
PROFIT
& LOSS ITEMS |
|||
|
Earnings
Before Interest & Tax (EBIT) |
(10,443) |
(14,659) |
(5,780) |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
(4,227) |
(11,585) |
(5,780) |
|
BALANCE
SHEET ITEMS |
|||
|
Total
Borrowings |
0 |
0 |
0 |
|
Total
Liabilities |
405,187 |
241,023 |
3,380 |
|
Total
Assets |
375,884 |
224,291 |
7,600 |
|
Net
Assets |
(27,903) |
(15,745) |
4,220 |
|
Net
Assets Backing |
(29,303) |
(16,732) |
4,220 |
|
Shareholders'
Funds |
(29,303) |
(16,732) |
4,220 |
|
Total Share
Capital |
10,000 |
10,000 |
10,000 |
|
Total
Reserves |
(39,303) |
(26,732) |
(5,780) |
|
GROWTH
RATIOS (Year on Year) |
|||
|
Revenue |
(57.25) |
- |
- |
|
Proft/(Loss)
Before Tax |
28.76 |
(153.62) |
- |
|
Proft/(Loss)
After Tax |
40.00 |
(262.49) |
- |
|
Total
Assets |
67.59 |
2,851.20 |
- |
|
Total
Liabilities |
68.11 |
7,030.86 |
- |
|
LIQUIDITY
(Times) |
|||
|
Cash
Ratio |
0.01 |
0.39 |
0 |
|
Liquid
Ratio |
0.90 |
0.89 |
2.25 |
|
Current
Ratio |
0.90 |
0.89 |
2.25 |
|
WORKING
CAPITAL CONTROL (Days) |
|||
|
Stock
Ratio |
0 |
0 |
0 |
|
Debtors
Ratio |
82 |
13 |
0 |
|
Creditors
Ratio |
131 |
6 |
0 |
|
SOLVENCY
RATIOS (Times) |
|||
|
Gearing
Ratio |
0 |
0 |
0 |
|
Liabilities
Ratio |
(13.83) |
(14.40) |
0.80 |
|
Times
Interest Earned Ratio |
0 |
0 |
0 |
|
Assets Backing
Ratio |
(2.79) |
(1.57) |
0.42 |
|
PERFORMANCE
RATIO (%) |
|||
|
Operating
Profit Margin |
(0.82) |
(0.49) |
0 |
|
Net
Profit Margin |
(0.98) |
(0.70) |
0 |
|
Return
On Net Assets |
37.43 |
93.10 |
(136.97) |
|
Return
On Capital Employed |
37.43 |
93.10 |
(136.97) |
|
Return
On Shareholders' Funds/Equity |
42.90 |
125.22 |
(136.97) |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
0 |
|
NOTES
TO ACCOUNTS |
|||
|
Contingent
Liabilities |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.98 |
|
|
1 |
INR 88.13 |
|
Euro |
1 |
INR 78.35 |
|
MYR |
1 |
INR 16.14 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
SYL |
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.