|
|
|
MIRA INFORM REPORT
|
Report No. : |
487727 |
|
Report Date : |
27.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
POLYMER COMPOSITE
ASIA SDN. BHD. |
|
|
|
|
Registered Office : |
Suite B13A-4, Tower B, Level 13A, Northpoint
Offices, Mid Valley City, 1, Medan Syed Putra Utara, 59200 Kuala Lumpur,
Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
23.01.1989 |
|
|
|
|
Com. Reg. No.: |
178134-P |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
manufacturing and installation of metal based, fiberglass based, wood based
signages and shop fittings. |
|
|
|
|
No. of Employees : |
300 [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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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
2013-17. The ringgit hit new lows following the US presidential election amid a
broader selloff of emerging market assets.
Bank Negara Malaysia (the central bank) maintains adequate foreign
exchange reserves; a well-developed regulatory regime has limited Malaysia's
exposure to riskier financial instruments, although it remains vulnerable to
volatile global capital flows. In order to increase Malaysia’s competitiveness,
Prime Minister NAJIB raised possible revisions to the special economic and
social preferences accorded to ethnic Malays under the New Economic Policy of
1970, but retreated in 2013 after he encountered significant opposition from
Malay nationalists and other vested interests. In September 2013 NAJIB launched
the new Bumiputra Economic Empowerment Program, policies that favor and advance
the economic condition of ethnic Malays.
Malaysia signed the 12-nation Trans-Pacific Partnership (TPP) free trade
agreement in February 2016, although the future of the TPP remains unclear
following the US withdrawal from the agreement. Along with nine other ASEAN
members, Malaysia established the ASEAN Economic Community in 2015, which aims
to advance regional economic integration.
|
Source
: CIA |
EXECUTIVE SUMMARY
|
|
REGISTRATION NO. |
: |
178134-P |
||||
|
GST NO. |
: |
000282722304 |
||||
|
COMPANY NAME |
: |
POLYMER COMPOSITE ASIA SDN. BHD. |
||||
|
FORMER NAME |
: |
N/A |
||||
|
INCORPORATION DATE |
: |
23/01/1989 |
||||
|
COMPANY STATUS |
: |
EXIST |
||||
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
||||
|
LISTED STATUS |
: |
NO |
||||
|
REGISTERED ADDRESS |
: |
SUITE B13A-4, TOWER B, LEVEL 13A,
NORTHPOINT OFFICES, MID VALLEY CITY, 1, MEDAN SYED PUTRA UTARA, 59200 KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
||||
|
BUSINESS ADDRESS |
: |
PT3266, JALAN MUTIARA ARAB MALAYSIAN
INDUSTRIAL PARK, 71800 NILAI, NEGERI SEMBILAN, MALAYSIA. |
||||
|
TEL.NO. |
: |
06-7942000 |
||||
|
FAX.NO. |
: |
06-7942020 |
||||
|
EMAIL |
: |
INQUIRY@PCAGROUP.COM |
||||
|
WEB SITE |
: |
WWW.POLYMERCOMPOSITEASIA.COM |
||||
|
CONTACT PERSON |
: |
TAN BENG WAN ( DIRECTOR ) |
||||
|
INDUSTRY CODE |
: |
28 |
||||
|
PRINCIPAL ACTIVITY |
: |
MANUFACTURING AND INSTALLATION OF METAL
BASED, FIBERGLASS BASED, WOOD BASED SIGNAGES AND SHOP FITTINGS |
||||
|
AUTHORISED CAPITAL |
: |
MYR 25,000,000.00 DIVIDED INTO |
||||
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 23,800,000.00 DIVIDED INTO |
||||
|
SALES |
: |
MYR 142,385,557 [2016] |
||||
|
NET WORTH |
: |
MYR 7,389,898 [2016] |
||||
|
STAFF STRENGTH |
: |
300 [2018] |
||||
|
||||||
|
LITIGATION |
: |
CLEAR |
||||
|
DEFAULTER CHECK |
: |
CLEAR |
||||
|
FINANCIAL CONDITION |
: |
STABLE |
||||
|
PAYMENT |
: |
SLOW BUT CORRECT |
||||
|
MANAGEMENT CAPABILITY |
: |
GOOD |
||||
|
COMMERCIAL RISK |
: |
LOW |
||||
|
CURRENCY EXPOSURE |
: |
MODERATE |
||||
|
GENERAL REPUTATION |
: |
SATISFACTORY |
||||
|
INDUSTRY OUTLOOK |
: |
AVERAGE 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) manufacturing and installation of metal based, fiberglass based,
wood based signages and shop fittings.
The Subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former Address(es)
|
Address |
As At Date |
|
21A, SS22/19, DAMANSARA JAYA, 47400,
SELANGOR, MALAYSIA |
07/01/1996 |
|
12TH FLOOR, MING BUILDING, JALAN BUKIT
NANAS, 50250, WILAYAH PERSEKUTUAN, MALAYSIA |
14/12/1993 |
|
SUITE 9.06, LEVEL 9, WISMA TECHNIP, 241,
JALAN TUN RAZAK, 50400, WILAYAH PERSEKUTUAN, MALAYSIA |
29/06/2000 |
|
LEVEL 18, THE GARDENS NORTH TOWER, MID
VALLEY CITY, LINGKARAN SYED PUTRA, 59200, WILAYAH PERSEKUTUAN, MALAYSIA |
29/08/2012 |
|
43, JALAN RADIN ANUM 1, BANDAR BARU SERI
PETALING, 57000, WILAYAH PERSEKUTUAN, MALAYSIA |
29/09/1993 |
|
1ST FLOOR, 275, JALAN HARUAN 1, OAKLAND
INDUSTRIAL PARK, 70200, NEGERI SEMBILAN, MALAYSIA |
30/12/2008 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
30/12/2010 |
MYR 25,000,000.00 |
MYR 23,800,000.00 |
|
28/10/2002 |
MYR 10,000,000.00 |
MYR 6,000,000.00 |
|
02/05/1992 |
MYR 500,000.00 |
MYR 100,002.00 |
|
23/01/1989 |
MYR 500,000.00 |
MYR 2.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. JASON TAN BENG WAN + |
27, JALAN SS 21/11, DAMANSARA HEIGHTS, 50480
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
530405-10-5301 8117312 |
5,117,000.00 |
21.50 |
|
MR. LIM TOW KOON |
30, UKAY HEIGHTS, ULU KLANG, 68000 AMPANG,
SELANGOR, MALAYSIA. |
650624-10-6423 A0186229 |
4,879,000.00 |
20.50 |
|
MR. TEE KOK WONG + |
120, JALAN KIJANG 4, TAMAN SUNTEX, BATU 9,
43200 CHERAS, SELANGOR, MALAYSIA. |
761122-14-5977 A3375944 |
2,261,000.00 |
9.50 |
|
MR. NG KOOI SIN + |
16, TAMAN SUNGAI MAS, JALAN REKO, 43000
KAJANG, SELANGOR, MALAYSIA. |
720823-10-5379 A2287562 |
2,261,000.00 |
9.50 |
|
MR. OOI CHIN HIN + |
20, LORONG JANGGUS JAYA 3, TAMAN JANGGUS
JAYA, 13500 SEBERANG PERAI, PULAU PINANG, MALAYSIA. |
721227-07-5147 A2426992 |
2,261,000.00 |
9.50 |
|
MR. CHA CHEE PIN + |
22A, JALAN USJ HEOGHTS 8/1B, INDIGO USJ HEIGHTS,
47620 SUBANG JAYA, SELANGOR, MALAYSIA. |
720312-01-5347 A2147065 |
2,261,000.00 |
9.50 |
|
RISING UAD LIMITED |
FLART/RM 701-2, 7TH FLOOR, GRAND CENTRE, 8
HUMPHREYS AVENUE, TSIMSHATSUI HONG KONG |
39069712-000-03-14-2 |
4,760,000.00 |
20.00 |
|
--------------- |
------ |
|||
|
23,800,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
Former Shareholder(s) :
|
Name |
Country |
IC/PP/Loc No |
Shareholding |
Last Updated |
|
FOONG KUM MENG |
N/A |
610830106276 |
N/A |
28/01/2016 |
|
HEXAGON TOWER SDN. BHD. |
MALAYSIA |
73575A |
N/A |
16/08/2013 |
The Subject's interest in other companies
(Subsidiaries/Associates) are shown as follow :
|
Local No |
Country |
Company |
Status |
(%) |
As At |
|
422955K |
MALAYSIA |
HEXAGON VETEC SDN. BHD. |
- |
100.00 |
26/12/2017 |
|
1059392V |
MALAYSIA |
KEJURUTERAAN EDARAN FOKUS SDN. BHD. |
- |
10.00 |
26/12/2017 |
|
1131065P |
MALAYSIA |
LIKTEK CONSTRUCTION SDN. BHD. |
- |
100.00 |
26/12/2017 |
|
1129415M |
MALAYSIA |
PCA FOOD SOLUTION SDN. BHD. |
- |
100.00 |
26/12/2017 |
|
979629P |
MALAYSIA |
PCA SIGN RESOURCES SDN. BHD. |
- |
100.00 |
26/12/2017 |
|
848910V |
MALAYSIA |
RISING-HEXAGON SDN. BHD. |
- |
40.00 |
26/12/2017 |
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
DANIEL WONG SHING |
|
Address |
: |
FLAT E, 13/F, BLOCK 1, GREENVIEW, COURT,
644-654, CASTLE PEAK ROAD, N.T KOWLOON, HONG KONG. |
|
IC / PP No |
: |
KJ0076087 |
|
Date of Appointment |
: |
14/08/2014 |
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 |
178134P |
POLYMER COMPOSITE ASIA SDN. BHD. |
Director |
14/08/2014 |
0.00 |
- |
MYR23,540,902.00 |
2016 |
- |
26/12/2017 |
DIRECTOR 2
|
Name Of Subject |
: |
MR. LOW KWEE BENG |
|
Address |
: |
36B, JALAN BUKIT TINGGI, TAMAN DATO TAN YEW
LAI, 58200 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
5069022 |
|
New IC No |
: |
560921-10-6113 |
|
Date of Birth |
: |
21/09/1956 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
18/04/2013 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
see below |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
791520M |
EDARAN FOKUS SDN. BHD. |
Director |
03/03/2015 |
0.00 |
- |
MYR(1,672,692.00) |
2016 |
- |
26/12/2017 |
|
2 |
204750P |
HEXAGON COMPOSITE ENGINEERING SDN. BHD. |
Director |
20/02/2009 |
0.00 |
- |
MYR1,242,901.00 |
2016 |
- |
26/12/2017 |
|
3 |
829254K |
HEXAGON COMPOSITE SDN. BHD. |
Director |
26/09/2012 |
0.00 |
- |
MYR(1,555,090.00) |
2016 |
- |
26/12/2017 |
|
4 |
423006K |
HEXAGON CORPORATE SERVICES SDN. BHD. |
Director |
24/02/2005 |
0.00 |
- |
MYR(8,638.00) |
2016 |
- |
26/12/2017 |
|
5 |
441152U |
HEXAGON OVERSEAS SDN. BHD. |
Director |
01/05/2010 |
0.00 |
- |
MYR(3,177.00) |
2016 |
- |
26/12/2017 |
|
6 |
565681U |
HEXAGON PCA ENGINEERING SERVICES SDN. BHD. |
Director |
01/05/2010 |
0.00 |
- |
MYR(26,664.00) |
2016 |
- |
26/12/2017 |
|
7 |
240983V |
HEXAGON RESOURCES (M) SDN. BHD. |
Director |
24/02/2005 |
0.00 |
- |
MYR(3,156.00) |
2016 |
- |
26/12/2017 |
|
8 |
484456D |
HEXAGON SHOP SYSTEM SDN. BHD. |
Director |
24/02/2005 |
0.00 |
- |
MYR(6,199.00) |
2016 |
- |
26/12/2017 |
|
9 |
957293H |
HHB INSPECTION SERVICES SDN. BHD. |
Director |
29/09/2011 |
0.00 |
- |
MYR261,430.00 |
2016 |
- |
26/12/2017 |
|
10 |
1019257X |
NATSONAL INDUSTRY SDN. BHD. |
Director |
04/10/2016 |
2.00 |
40.00 |
MYR(7,331.00) |
2016 |
- |
26/12/2017 |
|
11 |
437860W |
PCA ENVIRONMENTAL ENGINEERING SDN. BHD. |
Director |
29/10/2012 |
0.00 |
- |
MYR(6,837.00) |
2016 |
- |
26/12/2017 |
|
12 |
1075070X |
PCA GROUP HOLDING SDN. BHD. |
Director |
15/10/2015 |
0.00 |
- |
MYR(16,287.00) |
2015 |
- |
26/12/2017 |
|
13 |
178134P |
POLYMER COMPOSITE ASIA SDN. BHD. |
Director |
18/04/2013 |
0.00 |
- |
MYR23,540,902.00 |
2016 |
- |
26/12/2017 |
|
14 |
665051W |
PROMINENT INTEREST SDN. BHD. |
Director |
28/10/2004 |
230.00 |
23.00 |
MYR(1,628.00) |
2008 |
In the process of striking off |
26/12/2017 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
000570959U |
CHAMPS MARKETING |
PARTNERSHIP |
18/06/2004 |
25.00 |
- |
26/12/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
649072H |
GLOBAL TECHNICAL SERVICES SDN. BHD. |
Director |
15/10/2008 |
15/12/2015 |
- |
- |
|
2 |
440409A |
HEXAGON INCORPORATION SDN. BHD. |
Director |
28/04/2014 |
01/09/2016 |
- |
- |
|
3 |
422955K |
HEXAGON VETEC SDN. BHD. |
Director |
24/02/2005 |
30/10/2008 |
- |
- |
|
4 |
469424D |
QA ENVIROLITE (MALAYSIA) SDN. BHD. |
Director |
24/02/2005 |
15/12/2015 |
- |
- |
DIRECTOR 3
|
Name Of Subject |
: |
LI WEIXIONG |
|
Address |
: |
RISING-CREATIVE PARK, MUHEIJING ROAD, EAST,
GANGKOU TOWN, ZHONGSAN CITY, GUANGDONG PROVINCE, 528400, CHINA. |
|
IC / PP No |
: |
G58544269 |
|
Date of Appointment |
: |
08/08/2014 |
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 |
178134P |
POLYMER COMPOSITE ASIA SDN. BHD. |
Director |
08/08/2014 |
0.00 |
- |
MYR23,540,902.00 |
2016 |
- |
26/12/2017 |
DIRECTOR 4
|
Name Of Subject |
: |
MR. OOI CHIN HIN |
|
Address |
: |
20, LORONG JANGGUS JAYA 3, TAMAN JANGGUS
JAYA, 13500 SEBERANG PERAI, PULAU PINANG, MALAYSIA. |
|
IC / PP No |
: |
A2426992 |
|
New IC No |
: |
721227-07-5147 |
|
Date of Birth |
: |
27/12/1972 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
08/08/2014 |
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 |
422955K |
HEXAGON VETEC SDN. BHD. |
Director |
19/01/2016 |
0.00 |
- |
MYR2,885,147.00 |
2016 |
- |
26/12/2017 |
|
2 |
1075070X |
PCA GROUP HOLDING SDN. BHD. |
Director |
15/10/2015 |
950.00 |
9.50 |
MYR(16,287.00) |
2015 |
- |
26/12/2017 |
|
3 |
1227377T |
PCA HARDWARE TRADING SDN. BHD. |
Director |
23/05/2017 |
0.00 |
- |
- |
- |
- |
26/12/2017 |
|
4 |
979629P |
PCA SIGN RESOURCES SDN. BHD. |
Director |
19/01/2016 |
0.00 |
- |
MYR3,879,450.00 |
2016 |
- |
26/12/2017 |
|
5 |
178134P |
POLYMER COMPOSITE ASIA SDN. BHD. |
Director |
08/08/2014 |
2,261,000.00 |
9.50 |
MYR23,540,902.00 |
2016 |
- |
26/12/2017 |
DIRECTOR 5
|
Name Of Subject |
: |
MR. TEE KOK WONG |
|
Address |
: |
120, JALAN KIJANG 4, TAMAN SUNTEX, BATU 9,
43200 CHERAS, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A3375944 |
|
New IC No |
: |
761122-14-5977 |
|
Date of Birth |
: |
22/11/1976 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
10/04/2006 |
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 |
422955K |
HEXAGON VETEC SDN. BHD. |
Director |
29/08/2012 |
0.00 |
- |
MYR2,885,147.00 |
2016 |
- |
26/12/2017 |
|
2 |
1131065P |
LIKTEK CONSTRUCTION SDN. BHD. |
Director |
06/04/2015 |
0.00 |
- |
MYR(11,333.00) |
2016 |
- |
26/12/2017 |
|
3 |
1129415M |
PCA FOOD SOLUTION SDN. BHD. |
Director |
06/04/2015 |
0.00 |
- |
MYR(7,454.00) |
2016 |
- |
26/12/2017 |
|
4 |
1075070X |
PCA GROUP HOLDING SDN. BHD. |
Director |
13/06/2014 |
950.00 |
9.50 |
MYR(16,287.00) |
2015 |
- |
26/12/2017 |
|
5 |
979629P |
PCA SIGN RESOURCES SDN. BHD. |
Director |
21/05/2012 |
0.00 |
- |
MYR3,879,450.00 |
2016 |
- |
26/12/2017 |
|
6 |
178134P |
POLYMER COMPOSITE ASIA SDN. BHD. |
Director |
10/04/2006 |
2,261,000.00 |
9.50 |
MYR23,540,902.00 |
2016 |
- |
26/12/2017 |
|
7 |
848910V |
RISING-HEXAGON SDN. BHD. |
Director |
05/03/2009 |
0.00 |
- |
MYR(18,945.00) |
2016 |
- |
26/12/2017 |
DIRECTOR 6
|
Name Of Subject |
: |
MR. NG KOOI SIN |
|
Address |
: |
16, TAMAN SUNGAI MAS, JALAN REKO, 43000
KAJANG, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A2287562 |
|
New IC No |
: |
720823-10-5379 |
|
Date of Birth |
: |
23/08/1972 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
28/04/2006 |
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 |
422955K |
HEXAGON VETEC SDN. BHD. |
Director |
30/10/2008 |
0.00 |
- |
MYR2,885,147.00 |
2016 |
- |
26/12/2017 |
|
2 |
1059392V |
KEJURUTERAAN EDARAN FOKUS SDN. BHD. |
Director |
24/10/2013 |
0.00 |
- |
MYR(5,557.00) |
2016 |
- |
26/12/2017 |
|
3 |
1075070X |
PCA GROUP HOLDING SDN. BHD. |
Director |
13/06/2014 |
950.00 |
9.50 |
MYR(16,287.00) |
2015 |
- |
26/12/2017 |
|
4 |
979629P |
PCA SIGN RESOURCES SDN. BHD. |
Director |
21/05/2012 |
0.00 |
- |
MYR3,879,450.00 |
2016 |
- |
26/12/2017 |
|
5 |
178134P |
POLYMER COMPOSITE ASIA SDN. BHD. |
Director |
28/04/2006 |
2,261,000.00 |
9.50 |
MYR23,540,902.00 |
2016 |
- |
26/12/2017 |
DIRECTOR 7
|
Name Of Subject |
: |
MR. CHA CHEE PIN |
|
Address |
: |
22A, JALAN USJ HEOGHTS 8/1B, INDIGO USJ HEIGHTS,
47620 SUBANG JAYA, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
NO. 4-9C, BLOCK TANJUNG FABER, RIA
CONDOMINIUM, JALAN DESA SENTOSA, TAMAN DESA, 58000 KUALA LUMPUR, WILAYAH
PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
A2147065 |
|
New IC No |
: |
720312-01-5347 |
|
Date of Birth |
: |
12/03/1972 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
26/12/2012 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
see below |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
204750P |
HEXAGON COMPOSITE ENGINEERING SDN. BHD. |
Director |
20/02/2009 |
0.00 |
- |
MYR1,242,901.00 |
2016 |
- |
26/12/2017 |
|
2 |
829254K |
HEXAGON COMPOSITE SDN. BHD. |
Director |
11/05/2015 |
0.00 |
- |
MYR(1,555,090.00) |
2016 |
- |
26/12/2017 |
|
3 |
422955K |
HEXAGON VETEC SDN. BHD. |
Director |
19/01/2016 |
0.00 |
- |
MYR2,885,147.00 |
2016 |
- |
26/12/2017 |
|
4 |
957293H |
HHB INSPECTION SERVICES SDN. BHD. |
Director |
29/09/2017 |
0.00 |
- |
MYR261,430.00 |
2016 |
- |
26/12/2017 |
|
5 |
1131065P |
LIKTEK CONSTRUCTION SDN. BHD. |
Director |
06/04/2015 |
0.00 |
- |
MYR(11,333.00) |
2016 |
- |
26/12/2017 |
|
6 |
1019257X |
NATSONAL INDUSTRY SDN. BHD. |
Director |
04/10/2016 |
1.00 |
20.00 |
MYR(7,331.00) |
2016 |
- |
26/12/2017 |
|
7 |
1129415M |
PCA FOOD SOLUTION SDN. BHD. |
Director |
06/04/2015 |
0.00 |
- |
MYR(7,454.00) |
2016 |
- |
26/12/2017 |
|
8 |
1075070X |
PCA GROUP HOLDING SDN. BHD. |
Director |
15/10/2015 |
950.00 |
9.50 |
MYR(16,287.00) |
2015 |
- |
26/12/2017 |
|
9 |
1227377T |
PCA HARDWARE TRADING SDN. BHD. |
Director |
17/04/2017 |
0.00 |
- |
- |
- |
- |
26/12/2017 |
|
10 |
979629P |
PCA SIGN RESOURCES SDN. BHD. |
Director |
19/01/2016 |
0.00 |
- |
MYR3,879,450.00 |
2016 |
- |
26/12/2017 |
|
11 |
178134P |
POLYMER COMPOSITE ASIA SDN. BHD. |
Director |
26/12/2012 |
2,261,000.00 |
9.50 |
MYR23,540,902.00 |
2016 |
- |
26/12/2017 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
JM0240184H |
T & A AGENCY |
PARTNERSHIP |
18/06/2004 |
16.00 |
- |
26/12/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
791520M |
EDARAN FOKUS SDN. BHD. |
Director |
11/11/2013 |
03/03/2015 |
- |
- |
|
2 |
649072H |
GLOBAL TECHNICAL SERVICES SDN. BHD. |
Director |
15/10/2008 |
15/12/2015 |
- |
- |
|
3 |
440409A |
HEXAGON INCORPORATION SDN. BHD. |
Director |
28/04/2014 |
01/09/2016 |
- |
- |
|
4 |
387564D |
RAGAM SEJATI SDN. BHD. |
Director |
24/05/1996 |
04/01/1999 |
- |
- |
|
5 |
398780M |
SEVEN UNIFORM SDN. BHD. |
Director |
01/10/1996 |
25/03/1997 |
- |
- |
|
6 |
720334M |
SHT INDUSTRIES SDN. BHD. |
Director |
09/01/2006 |
18/09/2007 |
- |
- |
|
7 |
720334M |
SHT INDUSTRIES SDN. BHD. |
Shareholder |
- |
- |
1.00 |
- |
DIRECTOR 8
|
Name Of Subject |
: |
MR. JASON TAN BENG WAN |
|
Address |
: |
27, JALAN SS 21/11, DAMANSARA HEIGHTS,
50480 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
|
IC / PP No |
: |
8117312 |
|
New IC No |
: |
530405-10-5301 |
|
Date of Birth |
: |
05/04/1953 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
23/01/1989 |
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 |
204750P |
HEXAGON COMPOSITE ENGINEERING SDN. BHD. |
Director |
24/09/1990 |
0.00 |
- |
MYR1,242,901.00 |
2016 |
- |
26/12/2017 |
|
2 |
829254K |
HEXAGON COMPOSITE SDN. BHD. |
Director |
14/08/2008 |
0.00 |
- |
MYR(1,555,090.00) |
2016 |
- |
26/12/2017 |
|
3 |
423006K |
HEXAGON CORPORATE SERVICES SDN. BHD. |
Director |
20/08/1999 |
0.00 |
- |
MYR(8,638.00) |
2016 |
- |
26/12/2017 |
|
4 |
441152U |
HEXAGON OVERSEAS SDN. BHD. |
Director |
02/08/1997 |
0.00 |
- |
MYR(3,177.00) |
2016 |
- |
26/12/2017 |
|
5 |
565681U |
HEXAGON PCA ENGINEERING SERVICES SDN. BHD. |
Director |
08/05/2002 |
0.00 |
- |
MYR(26,664.00) |
2016 |
- |
26/12/2017 |
|
6 |
240983V |
HEXAGON RESOURCES (M) SDN. BHD. |
Director |
23/05/1992 |
0.00 |
- |
MYR(3,156.00) |
2016 |
- |
26/12/2017 |
|
7 |
484456D |
HEXAGON SHOP SYSTEM SDN. BHD. |
Director |
26/05/1999 |
0.00 |
- |
MYR(6,199.00) |
2016 |
- |
26/12/2017 |
|
8 |
422955K |
HEXAGON VETEC SDN. BHD. |
Director |
29/08/2012 |
0.00 |
- |
MYR2,885,147.00 |
2016 |
- |
26/12/2017 |
|
9 |
957293H |
HHB INSPECTION SERVICES SDN. BHD. |
Director |
29/09/2011 |
0.00 |
- |
MYR261,430.00 |
2016 |
- |
26/12/2017 |
|
10 |
1131065P |
LIKTEK CONSTRUCTION SDN. BHD. |
Director |
06/04/2015 |
0.00 |
- |
MYR(11,333.00) |
2016 |
- |
26/12/2017 |
|
11 |
1019257X |
NATSONAL INDUSTRY SDN. BHD. |
Director |
04/10/2016 |
2.00 |
40.00 |
MYR(7,331.00) |
2016 |
- |
26/12/2017 |
|
12 |
437860W |
PCA ENVIRONMENTAL ENGINEERING SDN. BHD. |
Director |
03/07/1997 |
0.00 |
- |
MYR(6,837.00) |
2016 |
- |
26/12/2017 |
|
13 |
1075070X |
PCA GROUP HOLDING SDN. BHD. |
Director |
15/10/2015 |
0.00 |
- |
MYR(16,287.00) |
2015 |
- |
26/12/2017 |
|
14 |
979629P |
PCA SIGN RESOURCES SDN. BHD. |
Director |
19/01/2016 |
0.00 |
- |
MYR3,879,450.00 |
2016 |
- |
26/12/2017 |
|
15 |
178134P |
POLYMER COMPOSITE ASIA SDN. BHD. |
Director |
23/01/1989 |
5,117,000.00 |
21.50 |
MYR23,540,902.00 |
2016 |
- |
26/12/2017 |
|
16 |
665051W |
PROMINENT INTEREST SDN. BHD. |
Director |
28/10/2004 |
276.00 |
27.60 |
MYR(1,628.00) |
2008 |
In the process of striking off |
26/12/2017 |
|
17 |
848910V |
RISING-HEXAGON SDN. BHD. |
Director |
29/10/2012 |
0.00 |
- |
MYR(18,945.00) |
2016 |
- |
26/12/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
649072H |
GLOBAL TECHNICAL SERVICES SDN. BHD. |
Director |
01/07/2005 |
15/12/2015 |
- |
- |
|
2 |
440409A |
HEXAGON INCORPORATION SDN. BHD. |
Director |
28/07/1997 |
01/09/2016 |
- |
- |
|
3 |
458245D |
PERKHIDMATAN RUNDINGAN INDUSTRI MALAYSIA
SDN. BHD. |
Director |
23/06/1998 |
18/09/2003 |
- |
- |
|
4 |
469424D |
QA ENVIROLITE (MALAYSIA) SDN. BHD. |
Director |
26/05/1999 |
15/12/2015 |
- |
- |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
YEO BAN HUN |
17C-1-1, VILLA BUKIT TUNKU, 28A, JALAN
GIRDLE BUKIT TUNKU, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
560121-10-6457 |
23/01/1989 |
14/09/1998 |
|
WONG KIM YEN |
NO.34, JALAN TIANG SERI U8/73D, BUKIT JELUTONG,
SHAH ALAM, SELANGOR, MALAYSIA |
581116-10-5743 |
27/08/2007 |
31/05/2012 |
|
KAMAL BIN MOHAMAD NOOR |
NO.6, JALAN HELANG 6/4, SEKSYEN 6, SHAH
ALAM, SELANGOR, MALAYSIA |
570104-71-5401 |
14/09/1998 |
24/09/1999 |
|
BAHRIN BIN KASRI |
23,PERSIARAN PULAI TIMUR 5, CHANDAN DESA,
KG KEPAYANG,313500 IPOH |
570522017155 |
14/09/1998 |
30/09/1999 |
|
HAMZAH BIN ZAINUDIN SENATOR |
19, PERSIARAN BATAI BARAT, DAMANSARA
HEIGHTS, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
570312-08-7059 |
14/09/1998 |
30/09/1999 |
|
HEW YUEN FOH |
34, JALAN JIRAN 7, HAPPY GARDEN, KUALA
LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
561130-06-5145 |
14/09/1998 |
01/03/2012 |
|
KONG PANG KIONG |
B2-08,NO.2, JALAN PJS 1/35, TMN PETALING UTAMA,
PETALING JAYA, SELANGOR, MALAYSIA |
670622-13-5739 |
01/04/2006 |
01/08/2008 |
|
LIM HUI CHUAN |
54,JALAN 5/58A,, PETALING JAYA, SELANGOR,
MALAYSIA |
561125-04-5369 |
01/04/2006 |
18/04/2008 |
|
TAN MOOI CHENG |
NO.133,SS 2/18, PETALING JAYA, SELANGOR,
PETALING JAYA, SELANGOR, MALAYSIA |
580915-07-5742 |
14/09/1998 |
24/09/1999 |
|
TAN KWANG WAH |
300-10-16 OBD GARDEN TOWER, JALAN DESA
UTAMA, TAMAN DESA, JOHOR |
550404-01-5281 |
09/04/2009 |
01/05/2010 |
|
NG CHOONG HON |
30-3,FABER RIA LOWRISE, JALAN DESA SENTOSA,
TMN.DESA, K.L. LUMPUR, KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA |
540423-07-5205 |
01/07/1997 |
27/08/2007 |
|
TEY GEE KERN |
24,JALAN SR 8/14, TAMAN PUTRA INDAH,
SERDANG RAYA,S'GOR, SERI KEMBANGAN, SELANGOR, MALAYSIA |
650406-05-5365 |
14/09/1998 |
31/07/2000 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
TAN BENG WAN |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
CROWE HORWATH |
|
Auditor' Address |
: |
LEVEL 16, TOWER C, MEGAN AVENUE II, 12,
JALAN YAP KWAN SENG, 50450 KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. TEOH KOK JONG |
|
New IC No |
: |
630928-02-5114 |
|
|
Address |
: |
F1002A, BLOCK F, PERDANA CONDOMINIUM,
DAMANSARA PERDANA, 15, JALAN PJU 8/1,P.J, 47820 PETALING JAYA, SELANGOR,
MALAYSIA. |
|
BANKING
|
Banking relations are maintained principally with :
|
1) |
Name |
: |
HSBC BANK MALAYSIA BHD |
|
2) |
Name |
: |
BANK MUAMALAT MALAYSIA BHD |
|
3) |
Name |
: |
STANDARD CHARTERED BANK MALAYSIA BHD |
|
4) |
Name |
: |
CITIBANK BHD |
ENCUMBRANCE (S)
|
|
Charge No |
Creation Date |
Charge Description |
Chargee Name |
Total Charge |
Status |
|
1 |
18/10/2002 |
TRADE FINANCIAL GENERAL AGREEMENT |
HSBC BANK MALAYSIA BERHAD |
MYR 5,500,000.00 |
Satisfied |
|
2 |
30/08/2007 |
LETTER OF OFFER, FACILITIES AGREEMENT,
CORPORATE GUARANTEE & NEGATIVE PLEDGE |
BANK MUAMALAT MALAYSIA BERHAD |
- |
Satisfied |
|
3 |
15/11/2010 |
1ST PARTY CHARGE |
STANDARD CHARTERED BANK MALAYSIA BERHAD |
- |
Satisfied |
|
4 |
19/11/2010 |
3RD PARTY 2ND LEGAL CHARGE |
STANDARD CHARTERED BANK MALAYSIA BERHAD |
- |
Satisfied |
|
5 |
20/05/2011 |
MEMORANDUM OF DEPOSIT AND LETTER OF SET-OFF |
CITIBANK BERHAD |
- |
Satisfied |
|
6 |
28/07/2011 |
THE MUAMALAT RESTRUCTURING FACILITY
AGREEMENT |
BANK MUAMALAT MALAYSIA BERHAD |
- |
Satisfied |
|
7 |
09/08/2014 |
DEBENTURE |
RISING UAD LIMITED |
USD 2,383,400.00 |
Unsatisfied |
|
8 |
28/05/2015 |
N/A |
ALKHAIR INTERNATIONAL ISLAMIC BANK BERHAD |
USD 2,000,000.00 |
Satisfied |
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 |
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 |
: |
TELEGRAPHIC TRANSFER (TT) |
|||
OPERATIONS
|
|
Products manufactured |
: |
|
|
|
Certification of Products |
: |
1) BS 7491: PART 2: 1992 |
|
|
Member(s) / Affiliate(s) |
: |
FEDERATION OF MALAYSIAN MANUFACTURERS (FMM) MALAYSIAN PLASTICS MANUFACTURERS
ASSOCIATION (MPMA) SMI ASSOCIATION OF MALAYSIA MALAYSIA EXTERNAL TRADE DEVELOPMENT
CORPORATION (MATRADE) |
|
|
Ownership of premises |
: |
OWNED |
|
Total Number of Employees: |
|
||||||||
|
YEAR |
2018 |
2017 |
2016 |
2015 |
2014 |
||||
|
|
|||||||||
|
GROUP |
N/A |
N/A |
N/A |
N/A |
N/A |
||||
|
COMPANY |
300 |
300 |
300 |
300 |
300 |
||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) manufacturing and
installation of metal based, fiberglass based, wood based signages and shop
fittings.
The Subject offers premium engineering products and services through three core
strategic business focuses:
1. ENGINEERING DESIGN
2. MANUFACTURING DISTRIBUTION
3. TRADING SERVICES
The Subject produces signage products and equipments.
The Subject specialises in Corporate Signage, Shop Fittings, LED Fittings,
Underground Equipment for Petrol Retail, Fast Service Restaurants, Automotive,
Telecommunication & Personal.
Total Solutions Provider for:
- Corporate Signage
- Shop Fittings
- LED Fittings
- Underground Equipment
It offers a total service package of planning, conceptual design, detailed engineering,
manufacturing, installation and all related services.
Industry focus:
Petrol Retail, Fast Service Restaurants,
Automotive, Telecommunication & Personal Care and FMCG
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on the
Subject indicated that :
|
Telephone Number Provided By Client |
: |
+60-6-798 0600 |
|
Current Telephone Number |
: |
06-7942000 |
|
Match |
: |
NO |
|
Address Provided by Client |
: |
PT 3266 JATAN MUTIARA ARAB MALAYSIAN INDUSTRIAL
PARK NILAI 71800 NEGERI SEMBILAN MALAYSIA |
|
Current Address |
: |
PT3266, JALAN MUTIARA ARAB MALAYSIAN
INDUSTRIAL PARK, 71800 NILAI, NEGERI SEMBILAN, MALAYSIA. |
|
Match |
: |
YES |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted one of the staff from the Subject and he provided some
information.
The contact number provided is not answered.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Increased |
[ |
2012 - 2016 |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
2012 - 2016 |
] |
|
|
Return on Shareholder Funds |
: |
Favourable |
[ |
318.56% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
409.83% |
] |
|
|
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 management have been efficient in controlling
its operating costs. Generally the Subject was profitable. The favourable
return on shareholders' funds and return on net assets indicate that the
Subject's management was efficient in utilising the assets to generate
returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Favourable |
[ |
48 Days |
] |
|
|
Debtor Ratio |
: |
Acceptable |
[ |
56 Days |
] |
|
|
Creditors Ratio |
: |
Unfavourable |
[ |
68 Days |
] |
|
|
The Subject's stocks were moving fast thus reducing
its holding cost. This had reduced funds being tied up in stocks. The
Subject's management was quite efficient in handling its debtors. The
Subject's debtors days were at an acceptable range, thus the risk of its
debts turning bad was minimised. 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 |
: |
Favourable |
[ |
1.29 Times |
] |
|
|
Current Ratio |
: |
Unfavourable |
[ |
1.53 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 |
: |
Favourable |
[ |
17.23 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.06 Times |
] |
|
|
The interest cover showed that the Subject was
able to service the interest. The favourable interest cover could indicate
that the Subject was making enough profit to pay for the interest accrued.
The Subject was lowly geared thus it had a low financial risk. The Subject
was mainly financed by its shareholders' funds and internally generated
funds. In times of economic slowdown / downturn, the Subject being a lowly
geared company, will be able to compete better than those companies which are
highly geared in the same industry. |
||||||
|
Overall Assessment : |
||||||
|
Generally, the Subject's performance has
improved with higher turnover and profit. 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. With the favourable interest cover, the Subject could
be able to service all the accrued interest without facing any difficulties.
The Subject as a lowly geared company, will be more secured compared to those
highly geared companies. It has the ability to meet all its long term
obligations. |
||||||
|
Overall financial condition of the Subject
: STABLE |
||||||
|
|
||||||
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 |
|
|
28 : MANUFACTURE OF MACHINERY AND EQUIPMENT
N.E.C |
|
|
INDUSTRY : |
MACHINERY |
|
Malaysia is presently the leading
manufacturer of automation machinery and equipment (M&E) in the ASEAN region
with a total of 22 companies in production. The machinery and equipment
industry assumes an important role in the industrial development of the
country, in view of its extensive linkages to major economic sectors, such as
manufacturing, construction, transportation, mining and agriculture. The
industry supports a large number of Small and Medium Enterprises (SMEs),
which are capable of producing machinery and equipment for both domestic and
export markets. In turn, the industry is supported by a wide range of
important engineering services, which mainly involve SMEs. |
|
|
Exports of machinery, appliances and parts
continued to post double-digit growth of 14.3% driven largely by specialized machinery
for specific industries, particularly for civil engineering as well as the
manufacture of semiconductors and parts. In addition, higher demand also
emanated from general industrial machinery and equipment, particularly
heating and cooling equipment as well as pumps, compressors, fans and parts.
Key export destinations for machinery, appliances and parts were Singapore,
Thailand, the US, China and Vietnam. |
|
|
In 2015, machinery and equipment investment
turned around to record a positive growth of 5.8%. According to MATRADE
Malaysia, the exports of machinery, appliances and parts to Japan had
increased by RM98 million in 2015 compared to 2014. However, export to China
is decreased in 2015. Moreover, Machinery, appliances and parts also one of the
major import products in Malaysia that is 8.9% of all total import products. |
|
|
Under Budget 2016, Government will focus
into chemical, electrical and electronics, machinery and equipment, aerospace
and medical devices industries as well as services. For this, RM730 million
is allocated to funds under the Malaysian Investment Development Authority
(MIDA). |
|
|
The Government has identified the M&E
industry to be one of the key areas for growth and development. The growth
will focus on the manufacture of high value-added and high technology
M&E. For the further development of the M&E industry, six strategic
thrusts have been set during the Third Industrial Master Plan (IMP3), 2006 -
2020 period:- |
|
|
- Promoting Malaysia as a regional
production, trading and distribution centre for M&E |
|
|
- Rising the development and promotion of
selected specialized and high technology M&E |
|
|
- Strengthening the engineering support
industries and support services |
|
|
- Developing Malaysian Standards for
machinery and equipment |
|
|
- Developing sufficient highly skilled
workforce |
|
|
- Strengthening the institutional support
for the further development of the industry |
|
|
OVERALL INDUSTRY OUTLOOK : Average Growth |
|
CREDIT RISK EVALUATION & RECOMMENDATION
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN
ACCORDANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS(FRS) |
|
POLYMER COMPOSITE ASIA SDN. BHD. |
|
Financial Year End |
2016-12-31 |
2015-12-31 |
2014-12-31 |
2013-12-31 |
2012-12-31 |
|
Months |
12 |
12 |
12 |
12 |
21 |
|
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 |
142,385,557 |
119,135,856 |
94,074,370 |
70,873,427 |
195,874,971 |
|
Other Income |
13,191,702 |
19,034,679 |
17,839,160 |
2,981,529 |
5,657,859 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
155,577,259 |
138,170,535 |
111,913,530 |
73,854,956 |
201,532,830 |
|
Costs of Goods Sold |
(102,847,104) |
(84,507,599) |
(66,709,533) |
(50,055,119) |
(154,716,027) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
52,730,155 |
53,662,936 |
45,203,997 |
23,799,837 |
46,816,803 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
28,527,993 |
23,458,483 |
18,233,958 |
1,584,998 |
(97,054,691) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
28,527,993 |
23,458,483 |
18,233,958 |
1,584,998 |
(97,054,691) |
|
Taxation |
(4,987,091) |
(1,779,000) |
(334,072) |
1,247,599 |
(545,639) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
23,540,902 |
21,679,483 |
17,899,886 |
2,832,597 |
(97,600,330) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||||
|
As previously reported |
(33,904,004) |
(55,583,487) |
(73,483,373) |
(76,315,970) |
21,284,360 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
As restated |
(33,904,004) |
(55,583,487) |
(73,483,373) |
(76,315,970) |
21,284,360 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(10,363,102) |
(33,904,004) |
(55,583,487) |
(73,483,373) |
(76,315,970) |
|
DIVIDENDS - Ordinary (paid & proposed) |
(6,047,000) |
- |
- |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(16,410,102) |
(33,904,004) |
(55,583,487) |
(73,483,373) |
(76,315,970) |
|
============= |
============= |
============= |
============= |
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|||||
|
Bank overdraft |
- |
- |
490,858 |
857,790 |
670,150 |
|
Hire purchase |
5,431 |
1,249 |
9,694 |
16,804 |
74,666 |
|
Loan from holding company |
- |
- |
- |
- |
260,976 |
|
Revolving loans |
- |
- |
51,079 |
327,015 |
332,929 |
|
Term loan / Borrowing |
1,752,347 |
3,787,506 |
3,739,122 |
2,012,501 |
3,896,763 |
|
Others |
- |
- |
1,604,916 |
3,451,800 |
3,890,239 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
1,757,778 |
3,788,755 |
5,895,669 |
6,665,910 |
9,125,723 |
|
|
============= |
============= |
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
1,005,480 |
846,144 |
1,293,858 |
1,933,873 |
3,469,880 |
|
AMORTIZATION |
- |
- |
- |
- |
83,795 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
1,005,480 |
846,144 |
1,293,858 |
1,933,873 |
3,553,675 |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
POLYMER COMPOSITE ASIA SDN. BHD. |
|
ASSETS EMPLOYED: |
|||||
|
FIXED ASSETS |
4,125,529 |
2,894,460 |
2,373,972 |
29,853,710 |
31,130,554 |
|
LONG TERM INVESTMENTS/OTHER ASSETS |
|||||
|
Subsidiary companies |
4,500,003 |
4,500,003 |
2,000,000 |
1,600,000 |
700,000 |
|
Associated companies |
2,500,000 |
- |
- |
29,360 |
9,360 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM INVESTMENTS/OTHER ASSETS |
7,000,003 |
4,500,003 |
2,000,000 |
1,629,360 |
709,360 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
11,125,532 |
7,394,463 |
4,373,972 |
31,483,070 |
31,839,914 |
|
CURRENT ASSETS |
|||||
|
Stocks |
10,802,856 |
9,530,056 |
12,036,364 |
11,228,869 |
12,129,458 |
|
Contract work-in-progress |
8,085,161 |
5,397,912 |
- |
- |
- |
|
Trade debtors |
21,960,179 |
26,182,074 |
22,413,559 |
6,394,029 |
9,073,024 |
|
Other debtors, deposits & prepayments |
5,121,500 |
8,570,797 |
1,259,754 |
577,037 |
457,492 |
|
Amount due from subsidiary companies |
13,928,201 |
14,752,591 |
1,784,926 |
5,177,196 |
5,016,622 |
|
Amount due from related companies |
- |
- |
- |
3,803,128 |
3,472,238 |
|
Amount due from associated companies |
- |
- |
- |
729,177 |
119,216 |
|
Cash & bank balances |
8,377,916 |
13,115,784 |
7,226,957 |
3,447,705 |
6,405,920 |
|
Others |
- |
- |
27,052,443 |
138,674 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
68,275,813 |
77,549,214 |
71,774,003 |
31,495,815 |
36,673,970 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
79,401,345 |
84,943,677 |
76,147,975 |
62,978,885 |
68,513,884 |
|
============= |
============= |
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||||
|
Trade creditors |
19,298,846 |
11,712,344 |
11,898,092 |
18,328,928 |
29,700,693 |
|
Other creditors & accruals |
18,381,044 |
40,981,761 |
50,161,909 |
9,830,093 |
7,574,805 |
|
Hire purchase & lease creditors |
80,400 |
- |
112,218 |
27,420 |
289,035 |
|
Bank overdraft |
- |
- |
- |
10,347,097 |
9,526,532 |
|
Short term borrowings/Term loans |
- |
- |
9,162,336 |
25,662,078 |
24,782,560 |
|
Other borrowings |
- |
- |
- |
3,910,599 |
3,583,584 |
|
Bill & acceptances payable |
- |
- |
- |
28,842,334 |
25,717,624 |
|
Amounts owing to holding company |
- |
- |
- |
14,249,403 |
- |
|
Amounts owing to subsidiary companies |
1,710,485 |
932,767 |
643,340 |
407,841 |
1,623,506 |
|
Amounts owing to related companies |
- |
- |
- |
717,556 |
14,856,942 |
|
Amounts owing to associated companies |
19,191 |
8,591 |
19,191 |
- |
- |
|
Amounts owing to director |
1,806,973 |
1,839,474 |
2,462,973 |
226,690 |
2,336,322 |
|
Provision for taxation |
185,932 |
623,258 |
- |
- |
1,038,251 |
|
Other liabilities |
3,133,683 |
16,774,375 |
7,229,816 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
44,616,554 |
72,872,570 |
81,689,875 |
112,550,039 |
121,029,854 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
23,659,259 |
4,676,644 |
(9,915,872) |
(81,054,224) |
(84,355,884) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
LONG TERM LIABILITIES |
|||||
|
Hire purchase creditors |
340,269 |
- |
- |
112,219 |
- |
|
Deferred taxation |
426,000 |
- |
- |
- |
- |
|
Others |
26,628,624 |
22,175,111 |
26,241,587 |
- |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
27,394,893 |
22,175,111 |
26,241,587 |
112,219 |
- |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
7,389,898 |
(10,104,004) |
(31,783,487) |
(49,683,373) |
(52,515,970) |
|
============= |
============= |
============= |
============= |
============= |
|
|
FINANCED BY: |
|||||
|
SHARE CAPITAL |
|||||
|
Ordinary share capital |
23,800,000 |
23,800,000 |
23,800,000 |
23,800,000 |
23,800,000 |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
23,800,000 |
23,800,000 |
23,800,000 |
23,800,000 |
23,800,000 |
|
RESERVES |
|||||
|
Retained profit/(loss) carried forward |
(16,410,102) |
(33,904,004) |
(55,583,487) |
(73,483,373) |
(76,315,970) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
(16,410,102) |
(33,904,004) |
(55,583,487) |
(73,483,373) |
(76,315,970) |
|
---------------- |
---------------- |
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
7,389,898 |
(10,104,004) |
(31,783,487) |
(49,683,373) |
(52,515,970) |
|
============= |
============= |
============= |
============= |
============= |
|
|
|
|
|
|
|
|
FINANCIAL RATIO
|
|
POLYMER COMPOSITE ASIA SDN. BHD. |
|
TYPES OF FUNDS |
|||||
|
Cash |
8,377,916 |
13,115,784 |
7,226,957 |
3,447,705 |
6,405,920 |
|
Net Liquid Funds |
8,377,916 |
13,115,784 |
7,226,957 |
(35,741,726) |
(28,838,236) |
|
Net Liquid Assets |
12,856,403 |
(4,853,412) |
(21,952,236) |
(92,283,093) |
(96,485,342) |
|
Net Current Assets/(Liabilities) |
23,659,259 |
4,676,644 |
(9,915,872) |
(81,054,224) |
(84,355,884) |
|
Net Tangible Assets |
7,389,898 |
(10,104,004) |
(31,783,487) |
(49,683,373) |
(52,515,970) |
|
Net Monetary Assets |
(14,538,490) |
(27,028,523) |
(48,193,823) |
(92,395,312) |
(96,485,342) |
|
PROFIT & LOSS ITEMS |
|||||
|
Earnings Before Interest & Tax (EBIT) |
30,285,771 |
27,247,238 |
24,129,627 |
8,250,908 |
(87,928,968) |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
31,291,251 |
28,093,382 |
25,423,485 |
10,184,781 |
(84,375,293) |
|
BALANCE SHEET ITEMS |
|||||
|
Total Borrowings |
420,669 |
0 |
9,325,633 |
69,228,762 |
64,232,264 |
|
Total Liabilities |
72,011,447 |
95,047,681 |
107,931,462 |
112,662,258 |
121,029,854 |
|
Total Assets |
79,401,345 |
84,943,677 |
76,147,975 |
62,978,885 |
68,513,884 |
|
Net Assets |
7,389,898 |
(10,104,004) |
(31,783,487) |
(49,683,373) |
(52,515,970) |
|
Net Assets Backing |
7,389,898 |
(10,104,004) |
(31,783,487) |
(49,683,373) |
(52,515,970) |
|
Shareholders' Funds |
7,389,898 |
(10,104,004) |
(31,783,487) |
(49,683,373) |
(52,515,970) |
|
Total Share Capital |
23,800,000 |
23,800,000 |
23,800,000 |
23,800,000 |
23,800,000 |
|
Total Reserves |
(16,410,102) |
(33,904,004) |
(55,583,487) |
(73,483,373) |
(76,315,970) |
|
GROWTH RATIOS (Year on Year) (%) |
|||||
|
Revenue |
19.52 |
26.64 |
32.74 |
(63.82) |
130.21 |
|
Proft/(Loss) Before Tax |
21.61 |
28.65 |
1,050.41 |
101.63 |
(4,797.51) |
|
Proft/(Loss) After Tax |
8.59 |
21.12 |
531.92 |
102.90 |
(11,498.14) |
|
Total Assets |
(6.52) |
11.55 |
20.91 |
(8.08) |
(56.95) |
|
Total Liabilities |
(24.24) |
(11.94) |
(4.20) |
(6.91) |
6.10 |
|
LIQUIDITY (Times) |
|||||
|
Cash Ratio |
0.19 |
0.18 |
0.09 |
0.03 |
0.05 |
|
Liquid Ratio |
1.29 |
0.93 |
0.73 |
0.18 |
0.20 |
|
Current Ratio |
1.53 |
1.06 |
0.88 |
0.28 |
0.30 |
|
WORKING CAPITAL CONTROL (Days) |
|||||
|
Stock Ratio |
48 |
46 |
47 |
58 |
23 |
|
Debtors Ratio |
56 |
80 |
87 |
33 |
17 |
|
Creditors Ratio |
68 |
51 |
65 |
134 |
70 |
|
SOLVENCY RATIOS (Times) |
|||||
|
Gearing Ratio |
0.06 |
0 |
(0.29) |
(1.39) |
(1.22) |
|
Liabilities Ratio |
9.74 |
(9.41) |
(3.40) |
(2.27) |
(2.30) |
|
Times Interest Earned Ratio |
17.23 |
7.19 |
4.09 |
1.24 |
(9.64) |
|
Assets Backing Ratio |
0.31 |
(0.42) |
(1.34) |
(2.09) |
(2.21) |
|
PERFORMANCE RATIO (%) |
|||||
|
Operating Profit Margin |
20.04 |
19.69 |
19.38 |
2.24 |
(49.55) |
|
Net Profit Margin |
16.53 |
18.20 |
19.03 |
4.00 |
(49.83) |
|
Return On Net Assets |
409.83 |
(269.67) |
(75.92) |
(16.61) |
167.43 |
|
Return On Capital Employed |
86.87 |
225.72 |
(448.62) |
(21.23) |
207.54 |
|
Return On Shareholders' Funds/Equity |
318.56 |
(214.56) |
(56.32) |
(5.70) |
185.85 |
|
Dividend Pay Out Ratio (Times) |
0.26 |
0 |
0 |
0 |
0 |
|
NOTES TO ACCOUNTS |
|||||
|
Contingent Liabilities |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.50 |
|
|
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
|
MYR |
1 |
INR 16.41 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.