|
|
|
MIRA INFORM REPORT
|
Report No. : |
488247 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAWTECH ENVIRO
SDN. BHD. |
|
|
|
|
Registered Office : |
26-1 (Suite 1), Jalan Awan Makmur, Taman Oug
Square, Off Jalan Klang Lama, 58200 Kuala Lumpur, Wilayah Persekutuan |
|
|
|
|
Country : |
Malaysia |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
14.02.2014 |
|
|
|
|
Com. Reg. No.: |
1080787-K |
|
|
|
|
Legal Form : |
Private Limited (Limited By Share) |
|
|
|
|
Line of Business : |
The subject is principally engaged in the
treatment and disposal of rubber waste. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
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. |
: |
1080787-K |
|
GST NO. |
: |
000021786624 |
|
COMPANY NAME |
: |
RAWTECH ENVIRO SDN. BHD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
14/02/2014 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED (LIMITED BY SHARE) |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
26-1 (SUITE 1), JALAN AWAN MAKMUR, TAMAN
OUG SQUARE, OFF JALAN KLANG LAMA, 58200 KUALA LUMPUR, WILAYAH PERSEKUTUAN,
MALAYSIA. |
|
BUSINESS ADDRESS |
: |
LOT 25 (PART OF LOT 207431), JALAN CHEPOR
11/6, KAWASAN PERINDUSTRIAN SERAMIK CHEPOR, 31200 IPOH, PERAK, MALAYSIA. |
|
TEL.NO. |
: |
N/A |
|
FAX.NO. |
: |
N/A |
|
MOBILE NO. |
: |
0165385102 |
|
CONTACT PERSON |
: |
MUNIANDY A/L MARIAPPAN ( DIRECTOR ) |
|
INDUSTRY CODE |
: |
38112 |
|
PRINCIPAL ACTIVITY |
: |
TREATMENT AND DISPOSAL OF RUBBER WASTE |
|
AUTHORISED CAPITAL |
: |
MYR 500,000.00 DIVIDED INTO |
|
ISSUED AND PAID UP CAPITAL |
: |
MYR 500,000.00 DIVIDED INTO |
|
SALES |
: |
MYR 476,427 [2016] |
|
NET WORTH |
: |
MYR 441,920 [2016] |
|
STAFF STRENGTH |
: |
N/A [2018] |
|
LITIGATION |
: |
CLEAR |
|
DEFAULTER CHECK |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
FAIR |
|
PAYMENT |
: |
SLOW BUT CORRECT |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
LOW |
|
CURRENCY EXPOSURE |
: |
MODERATE |
|
GENERAL REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY OUTLOOK |
: |
MARGINAL GROWTH |
HISTORY / BACKGROUND
|
The Subject is a private limited company and is
allowed to have a minimum of one and a maximum of forty-nine shareholders. As a
private limited company, the Subject shall have a minimum one director. A
private limited company is a separate legal entity from its shareholders. As a
separate legal entity, the Subject is capable of owning assets, entering into
contracts, sue or be sued by other companies. The liabilities of the
shareholders are to the extent of the equity they have taken up and the
creditors cannot claim on shareholders' personal assets even if the Subject is
insolvent. The Subject is governed by the Companies Act, 1965 and the company
must file its annual returns, together with its financial statements with the
Registrar of Companies.
The subject is principally engaged in the (as
a / as an) treatment and disposal of rubber waste.
The subject is not listed on Bursa Malaysia
(Malaysia Stock Exchange).
Former Address(es)
|
Address |
As At Date |
|
18-1, JALAN AWAN MAKMUR, TAMAN OUG SQUARE,
OFF OLD KLANG, 58200, WILAYAH PERSEKUTUAN, MALAYSIA |
02/08/2015 |
|
82-A, JALAN LORONG MAAROF, BANGSAR PARK,
59000, WILAYAH PERSEKUTUAN, MALAYSIA |
21/02/2014 |
|
LOT 35, JALAN CHEPOR 11/5, KAWASAN
PERINDUSTRIAN SERAMIK, 31200, PERAK, MALAYSIA |
23/02/2017 |
Share Capital History
|
Date |
Authorised Shared Capital |
Issue & Paid Up Capital |
|
05/09/2016 |
MYR 500,000.00 |
MYR 500,000.00 |
|
16/05/2015 |
MYR 400,000.00 |
MYR 400,000.00 |
|
14/02/2014 |
MYR 400,000.00 |
MYR 100.00 |
The major shareholder(s) of the Subject are
shown as follows :
Current Shareholder(s) :
|
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
MR. MUNIANDY A/L MARIAPPAN + |
6, JALAN TERATAI 4, TAMAN TERATAI, 44000
KUALA KUBU BARU, SELANGOR, MALAYSIA. |
771028-10-5353 A3666055 |
372,000.00 |
74.40 |
|
MR. A.SUBRAMANIAM A/L APLANAIDU + |
7, LALUAN TAWAS SINARAN 1, ANJUNG TAWAS
SINARAN, 30100 IPOH, PERAK, MALAYSIA. |
721029-08-5643 A2244863 |
64,000.00 |
12.80 |
|
MR. KUMAR A/L A. SUBRAMANIAM + |
77, SRI KLEBANG TAMBAHAN 1, 31200 IPOH,
PERAK, MALAYSIA. |
700915-08-5477 A1760923 |
64,000.00 |
12.80 |
|
--------------- |
------ |
|||
|
500,000.00 |
100.00 |
|||
|
============ |
===== |
+ Also Director
DIRECTORS
|
DIRECTOR 1
|
Name Of Subject |
: |
MR. A.SUBRAMANIAM A/L APLANAIDU |
|
Address |
: |
7, LALUAN TAWAS SINARAN 1, ANJUNG TAWAS
SINARAN, 30100 IPOH, PERAK, MALAYSIA. |
|
IC / PP No |
: |
A2244863 |
|
New IC No |
: |
721029-08-5643 |
|
Date of Birth |
: |
29/10/1972 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
14/02/2014 |
INTEREST CHECK
|
Interest in companies |
: |
see below |
|
Interest in business |
: |
see below |
|
Former interest |
: |
see below |
INTEREST IN COMPANY
|
No |
Local No |
Company |
Designation |
App Date |
Shareholding |
Profit/(loss) After Tax |
Financial Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
1080787K |
RAWTECH ENVIRO SDN. BHD. |
Director |
14/02/2014 |
64,000.00 |
12.80 |
MYR14,790.00 |
2016 |
- |
26/12/2017 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
IP0266637K |
DIVYA METAL ENTERPRISE |
SOLE PROPRIETORSHIP |
27/09/2007 |
100.00 |
- |
26/12/2017 |
FORMER INTEREST
|
No |
Local No |
Company |
Designation |
App Date |
Withdrawn Date |
Shareholding |
Status |
|
1 |
636760H |
SOLAR SIGNAL ENGINEERING SDN. BHD. |
Director |
12/12/2003 |
13/09/2006 |
- |
- |
|
2 |
636760H |
SOLAR SIGNAL ENGINEERING SDN. BHD. |
Shareholder |
- |
- |
1.00 |
- |
DIRECTOR 2
|
Name Of Subject |
: |
MR. KUMAR A/L A. SUBRAMANIAM |
|
Address |
: |
77, SRI KLEBANG TAMBAHAN 1, 31200 IPOH,
PERAK, MALAYSIA. |
|
IC / PP No |
: |
A1760923 |
|
New IC No |
: |
700915-08-5477 |
|
Date of Birth |
: |
15/09/1970 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
14/02/2014 |
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 |
1080787K |
RAWTECH ENVIRO SDN. BHD. |
Director |
14/02/2014 |
64,000.00 |
12.80 |
MYR14,790.00 |
2016 |
- |
26/12/2017 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
IP0152551M |
JIVITHAN ENTERPRISE |
SOLE PROPRIETORSHIP |
18/06/2004 |
100.00 |
- |
26/12/2017 |
|
2 |
IP0399351K |
RAWTECH ENVIRO ENTERPRISE |
PARTNERSHIP |
31/10/2013 |
50.00 |
- |
26/12/2017 |
|
3 |
IP0451284W |
SSKP MAJU ENTERPRISE |
PARTNERSHIP |
05/04/2016 |
25.00 |
- |
26/12/2017 |
|
4 |
IP0341856V |
TT MAJU ENTERPRISE |
PARTNERSHIP |
17/02/2011 |
50.00 |
- |
26/12/2017 |
|
5 |
IP0378379T |
TT RUBBER CONNECTING ENTERPRISE |
PARTNERSHIP |
07/11/2012 |
25.00 |
- |
26/12/2017 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. MUNIANDY A/L MARIAPPAN |
|
Address |
: |
6, JALAN TERATAI 4, TAMAN TERATAI, 44000 KUALA
KUBU BARU, SELANGOR, MALAYSIA. |
|
Other Address(es) |
: |
NO. 37, TAMAN MUSABIKA, KALUMPANG, 44100
KERLING, SELANGOR, MALAYSIA. |
|
IC / PP No |
: |
A3666055 |
|
New IC No |
: |
771028-10-5353 |
|
Date of Birth |
: |
28/10/1977 |
|
Nationality |
: |
MALAYSIAN |
|
Date of Appointment |
: |
14/02/2014 |
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 |
371557D |
ARMCREST INDUSTRIES SDN. BHD. |
Director |
01/08/2011 |
80,000.00 |
20.00 |
MYR87,257.00 |
2016 |
- |
26/12/2017 |
|
2 |
1080787K |
RAWTECH ENVIRO SDN. BHD. |
Director |
14/02/2014 |
372,000.00 |
74.40 |
MYR14,790.00 |
2016 |
- |
26/12/2017 |
|
3 |
907290K |
SUPERIOR RUBBER SDN. BHD. |
Director |
08/07/2010 |
150,000.00 |
50.00 |
MYR(32,799.00) |
2016 |
- |
26/12/2017 |
INTEREST IN BUSINESS
|
No |
Local No |
Business |
Designation |
App Date |
Shareholding (%) |
Status |
As At |
|
1 |
002201589X |
MN SPEED VERSION ENTERPRISE |
SOLE PROPRIETORSHIP |
14/02/2013 |
100.00 |
- |
26/12/2017 |
FORMER DIRECTOR(S)
|
|
Name |
Address |
IC/PP No |
Appointed Date |
Withdrawn Date |
|
MOHD SHAH RIZAL BIN ZOHRI |
NO 90, JALAN WIRA JAYA, TAMAN DESA INDAH,
IPOH, PERAK, MALAYSIA |
791113-08-5535 |
14/02/2014 |
31/01/2016 |
Note : The above information was generated
from our database.
MANAGEMENT
|
|
1) |
Name of Subject |
: |
MUNIANDY A/L MARIAPPAN |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
WSJ & CO |
|
Auditor' Address |
: |
136A, JALAN CERDAS, TAMAN CONNOUGHT, 56000
KUALA LUMPUR, WILAYAH PERSEKUTUAN, MALAYSIA. |
COMPANY SECRETARIES
|
|
1) |
Company Secretary |
: |
MS. VASANTHI A/P VITHALINGAM |
|
IC / PP No |
: |
5680372 |
|
|
New IC No |
: |
590516-10-6248 |
|
|
Address |
: |
45, SS5/1, KELANA JAYA, 47301 PETALING
JAYA, SELANGOR, MALAYSIA. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE (S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION CHECK - SUBJECT COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank against the Subject whether the
Subject has been involved in any litigation. Our databank consists of 99% of
the wound up companies in Malaysia.
No legal action was found in our databank.
No winding up petition was found in our databank.
DEFAULTER CHECK AGAINST SUBJECT
|
* We have checked through the Subject in our defaulters' database which
comprised of debtors that have been blacklisted by our customers and debtors
that have been placed or assigned to us for collection.
No blacklisted record & debt collection case was found in our defaulters'
databank.
PAYMENT RECORD
|
|
||
|
SOURCES OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
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 |
: |
AS AGREED |
|||
|
Payment Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Services |
: |
TREATMENT AND DISPOSAL OF RUBBER WASTE |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2018 |
||||||||
|
|
|||||||||
|
COMPANY |
n/a |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) treatment and disposal
of rubber waste.
The Subject refused to disclose its operation.
CURRENT INVESTIGATION
|
Latest fresh investigations carried out on
the Subject indicated that :
|
Telephone Number Provided By Client |
: |
016-5385102 |
|
Current Telephone Number |
: |
0165385102 |
|
Match |
: |
YES |
|
Address Provided by Client |
: |
NO. 25 (PART OF LOT 207431), JALAN CHEPOR,
11/6, KAWSAN PERINDUSTRIAN SERAMAK CHEPOR 31200 CHEMOR PARAK DARUL RIDZUAN
IPOH |
|
Current Address |
: |
LOT 25 (PART OF LOT 207431), JALAN CHEPOR 11/6,
KAWASAN PERINDUSTRIAN SERAMIK CHEPOR, 31200 IPOH, PERAK, MALAYSIA. |
|
Match |
: |
NO |
|
Latest Financial Accounts |
: |
YES |
Other Investigations
We contacted the Director Mr MUNIANDY and he only provided limited information
on the Subject.
He refused to disclose the fax number, banker and number of employees.
The address is as per stated in the report.
FINANCIAL ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Decreased |
[ |
1.67% |
] |
|
|
Profit/(Loss) Before Tax |
: |
Increased |
[ |
287.62% |
] |
|
|
Return on Shareholder Funds |
: |
Unfavourable |
[ |
3.35% |
] |
|
|
Return on Net Assets |
: |
Unfavourable |
[ |
3.35% |
] |
|
|
The lower turnover could be due to the unfavourable
market conditions.The management had succeeded in turning the Subject into a
profit making company. The profit could be due to better control of its
operating costs and efficiency in utilising its resources. The unfavourable
return on shareholders' funds could indicate that the Subject was inefficient
in utilising its assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Debtor Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
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 |
[ |
6.88 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
6.88 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 decreased, its
losses also decreased during the year. This could be the result of more
efficient control in its operating costs. 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 |
|
|
38112 : Collection of recyclable materials |
|
|
INDUSTRY : |
ECONOMY |
|
Malaysia's economy recorded robust growth
of 5.6% in the first quarter of 2017 (1Q17) against the 4.1% registered in the
same quarter of 2016, boosted by strong domestic demand and private
expenditure. According to Bank Negara Malaysia (BNM) , growth for the just
ended quarter was the best since the corresponding quarter of 2015, which saw
gross domestic product (GDP) at 5.8%. |
|
|
During the 1Q17, domestic demand increased
to 7.7% supported by continued expansion in private sector expenditure, which
grew by 8.2% and the turnaround in public sector expenditure. Private
consumption rose 6.6%, while investments grew sharply by 12.9% following
continued capital spending in the services and manufacturing sectors.
Investments in machinery and equipment were higher during the quarter,
supported by the implementation of several large-scale projects in the
manufacturing sector. |
|
|
Public consumption recorded a 7.5% growth
in 1Q17 due to higher spending on both emoluments as well as supplies and
services, while investments improved 3.2%, driven mainly by higher spending
on fixed assets by public corporations. Meanwhile, headline inflation rose by
4.3% due to higher fuel oil prices with RON95 petrol averaging RM2.23 per
litre compared to RM1.73 in the same quarter of 2016. The first quarter GDP
performance those anticipate inflation to range between 3%-4% for 2017. |
|
|
The household debt had reduced to 88.4%
during the said quarter from 89% at end-2016 on the back of stable labour
market conditions and adequate financial buffers. Demand for home financing
remained a key contributor to the debt level during the reviewed quarter,
adding, outstanding housing loans expanded 8.5% annually. The overall housing
loans approval rate remained high at 74.2% with banks approving RM22.3
billion to 90,137 borrowers during the quarter, of which half, was for
affordable housing units priced below RM500,000. |
|
|
Going forward, the economy was on track to
register higher growth of between 4.3% and 4.8% in 2017 on anticipation of a
further expansion in domestic demand, better export growth, and moderate
inflation in the coming quarters. |
|
|
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) |
|
RAWTECH ENVIRO SDN. BHD. |
|
Financial Year End |
2016-12-31 |
2015-12-31 |
2014-12-31 |
|
Months |
12 |
12 |
11 |
|
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 |
476,427 |
484,518 |
- |
|
Other Income |
90,893 |
- |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Total Turnover |
567,320 |
484,518 |
- |
|
Costs of Goods Sold |
(260,006) |
(263,831) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Gross Profit |
307,314 |
220,687 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
14,790 |
(7,883) |
(64,987) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
14,790 |
(7,883) |
(64,987) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
14,790 |
(7,883) |
(64,987) |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) BROUGHT FORWARD |
|||
|
As previously reported |
(72,870) |
(64,987) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
As restated |
(72,870) |
(64,987) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
(58,080) |
(72,870) |
(64,987) |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
(58,080) |
(72,870) |
(64,987) |
|
============= |
============= |
============= |
|
|
DEPRECIATION (as per notes to P&L) |
49,830 |
43,660 |
41,079 |
|
---------------- |
---------------- |
---------------- |
|
|
Total Amortization And Depreciation |
49,830 |
43,660 |
41,079 |
|
============= |
============= |
============= |
|
|
|
|
|
|
BALANCE SHEET
|
|
RAWTECH ENVIRO SDN. BHD. |
|
ASSETS EMPLOYED: |
|||
|
FIXED ASSETS |
345,430 |
351,860 |
369,712 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL LONG TERM ASSETS |
345,430 |
351,860 |
369,712 |
|
CURRENT ASSETS |
|||
|
Other debtors, deposits & prepayments |
35,500 |
5,500 |
5,500 |
|
Cash & bank balances |
77,402 |
122,310 |
1,293 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
112,902 |
127,810 |
6,793 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL ASSET |
458,332 |
479,670 |
376,505 |
|
============= |
============= |
============= |
|
|
CURRENT LIABILITIES |
|||
|
Other creditors & accruals |
5,800 |
94,430 |
1,300 |
|
Amounts owing to director |
10,612 |
58,110 |
440,092 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
16,412 |
152,540 |
441,392 |
|
---------------- |
---------------- |
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
96,490 |
(24,730) |
(434,599) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL NET ASSETS |
441,920 |
327,130 |
(64,887) |
|
============= |
============= |
============= |
|
|
FINANCED BY: |
|||
|
SHARE CAPITAL |
|||
|
Ordinary share capital |
500,000 |
400,000 |
100 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL SHARE CAPITAL |
500,000 |
400,000 |
100 |
|
RESERVES |
|||
|
Retained profit/(loss) carried forward |
(58,080) |
(72,870) |
(64,987) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL RESERVES |
(58,080) |
(72,870) |
(64,987) |
|
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
441,920 |
327,130 |
(64,887) |
|
============= |
============= |
============= |
|
|
|
|
|
|
FINANCIAL RATIO
|
|
RAWTECH ENVIRO SDN. BHD. |
|
TYPES OF FUNDS |
|||
|
Cash |
77,402 |
122,310 |
1,293 |
|
Net Liquid Funds |
77,402 |
122,310 |
1,293 |
|
Net Liquid Assets |
96,490 |
(24,730) |
(434,599) |
|
Net Current Assets/(Liabilities) |
96,490 |
(24,730) |
(434,599) |
|
Net Tangible Assets |
441,920 |
327,130 |
(64,887) |
|
Net Monetary Assets |
96,490 |
(24,730) |
(434,599) |
|
PROFIT & LOSS ITEMS |
|||
|
Earnings Before Interest & Tax (EBIT) |
0 |
(7,883) |
(64,987) |
|
Earnings Before Interest, Taxes,
Depreciation And Amortization (EBITDA) |
64,620 |
35,777 |
(23,908) |
|
BALANCE SHEET ITEMS |
|||
|
Total Borrowings |
0 |
0 |
0 |
|
Total Liabilities |
16,412 |
152,540 |
441,392 |
|
Total Assets |
458,332 |
479,670 |
376,505 |
|
Net Assets |
441,920 |
327,130 |
(64,887) |
|
Net Assets Backing |
441,920 |
327,130 |
(64,887) |
|
Shareholders' Funds |
441,920 |
327,130 |
(64,887) |
|
Total Share Capital |
500,000 |
400,000 |
100 |
|
Total Reserves |
(58,080) |
(72,870) |
(64,987) |
|
GROWTH RATIOS (Year on Year) (%) |
|||
|
Revenue |
(1.67) |
- |
- |
|
Proft/(Loss) Before Tax |
287.62 |
87.87 |
- |
|
Proft/(Loss) After Tax |
287.62 |
87.87 |
- |
|
Total Assets |
(4.45) |
27.40 |
- |
|
Total Liabilities |
(89.24) |
(65.44) |
- |
|
LIQUIDITY (Times) |
|||
|
Cash Ratio |
4.72 |
0.80 |
0 |
|
Liquid Ratio |
6.88 |
0.84 |
0.02 |
|
Current Ratio |
6.88 |
0.84 |
0.02 |
|
WORKING CAPITAL CONTROL (Days) |
|||
|
Stock Ratio |
0 |
0 |
0 |
|
Debtors Ratio |
0 |
0 |
0 |
|
Creditors Ratio |
0 |
0 |
0 |
|
SOLVENCY RATIOS (Times) |
|||
|
Gearing Ratio |
0 |
0 |
0 |
|
Liabilities Ratio |
0.04 |
0.47 |
(6.80) |
|
Times Interest Earned Ratio |
0 |
0 |
0 |
|
Assets Backing Ratio |
0.88 |
0.82 |
(648.87) |
|
PERFORMANCE RATIO (%) |
|||
|
Operating Profit Margin |
3.10 |
(1.63) |
0 |
|
Net Profit Margin |
3.10 |
(1.63) |
0 |
|
Return On Net Assets |
3.35 |
(2.41) |
100.15 |
|
Return On Capital Employed |
3.35 |
(2.41) |
100.15 |
|
Return On Shareholders' Funds/Equity |
3.35 |
(2.41) |
100.15 |
|
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 63.75 |
|
|
1 |
INR 89.39 |
|
Euro |
1 |
INR 78.75 |
|
MYR |
1 |
INR 16.31 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
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.